13
" 45- 01)2-$%- 6+(- ,#7 8#9-#:+.5/ Z77-0=)6:)'3(I Z`KZI Z?0-)A63 `0:0-)36-B K0/)A61 Z(('A)6:)'3 ,Z`KI ,'?@10?03:6-B 63/ Z1:0-36:)=0 `0:0-)36-B K0/)A)30 &,]I &63/'?)40/ A1)3)A61 :-)61 OZV*PI OA'-0 <'- Z((0((?03: '< V>B()A61 *g@0-)?03:( )3 P'?0'@6:>B _ZZPZI _'.-361 '< :>0 Z?0-)A63 Z3)?61 P'(@):61 Z(('A)6:)'3 V*UI V-'M-6? '< *=61.6:)'3 '< ,'?@10?03:6-B K0/)A)30 ,ZKI ,'?@10?03:6-B 63/ Z1:0-36:)=0 K0/)A)30 Z`PI ZA6/0?B '< `0:0-)36-B P'?0'@6:>B *WKI *=)/03A0 76(0/ ?0/)A)30 ;$.7#2'%.)#$ ]>0 Z`KZ >6( -0A'M3)40/ ,Z`K 6( 6 A6:0M'-B '< @-6A:)A0 ?0-):)3M (0@6-6:0 M.)/01)30(9 `0:0-)36-B >'?0'@6:>B <611( .3/0- :>0 Z`KZm( /0<)3):)'3 '< ,Z`K9 ]>0 M.)/01)30( 6@@1B :>0 (6?0 (:63/6-/( :' 611 @-6A:)A0( '< =0:0-)36-B ?0/)A)30I n]>0 Z`KZ 701)0=0( :>6: 611 =0:0-)36-B ?0/)A)30+ )3A1./)3M ,Z`K+ (>'.1/ 70 >01/ :' :>0 (6?0 (:63/6-/(9o " J>)10 (:6:)3M :>0 .1:)?6:0 M'61 '< 0=)/03A0;76(0/ ?0/)A)30+ :>6: n,16)?( <'- (6<0:B 63/ 0<<0A:)=030(( .1:)?6:01B (>'.1/ 70 @-'=03 7B :>0 (A)03:)<)A ?0:>'/+o :>0 M.)/01)30( 61(' -0A'M3)40 :>6: ?'(: :>0-6@)0( 63/ @-'A0/.-0( .(0/ )3 &11 '< =0:0-)36-B ?0/)A)30 >6=0 3': 7003 :>'-'.M>1B (:./)0/ =)6 A1)3)A61 :-)61( 63/ -0@1)A6:)'3( '< A1)3)A61 :-)61(+ 7.: -6:>0- 6-0 16-M01B 76(0/ '3 0g:-6@'16:)'3 63/ A1)3)A61 0g@0-:)(0+ :>0 16::0- 70)3M 63 )?@'-:63: 6-? '< 0=)/03A0;76(0/ ?0/)A)309 ]>0 Z`KZ M.)/01)30( (:6:0+ n,)-A.?(:63A0( A'??'31B -0k.)-0 :>6: =0:0-)36-)63( 0g:-6@'16:0 )3<'-?6:)'3 Q>03 <'-?.16:)3M 6 A'.-(0 '< :>0-6@B9 `0:0-)36-)63( (>'.1/ 0g0-A)(0 A6.:)'3 )3 (.A> A)-A.?(:63A0(9 V-6A:)A0( 63/ @>)1'('@>)0( :>6: 6-0 )30<<0A:)=0 '- .3(6<0 (>'.1/ 70 /)(A6-/0/9o " `0:0-)36-B >'?0'@6:>B /)<<0-( <-'? ?6)3(:-06? A'3=03:)'361 ?0/)A)30 )3 :Q' )?@'-:63: -0M6-/(9 \)-(:+ :>0 ?0/)A)30( .(0/ )3 >'?0'@6:>)A @-6A:)A0 6-0 '<:03 6/?)3)(:0-0/ )3 >)M>1B /)1.:0/ <'-? )3 0):>0- Q6:0- '- '3 16A:'(0 @0110:(9 [: )( >B@':>0()40/ :>6: :>0)- ?'/0 '< 6A:)'3 /)<<0-( <-'? :>'(0 '< (.7(:63A0( M)=03 )3 @>6-?6A'1'M)A /'(0( 63/ >6=)3M /)-0A: 6M03:;/0@03/03: 0<<0A:( '3 :>0 7'/B9 C O0A'3/+ ):( ?0:>'/ '< :0(:)3M @-0/6:0( :>0 0?0-M03A0 '< &,] 6( :>0 M'1/;(:63/6-/ '< 0g@0-)?03:6:)'3+ )3(:06/ 0?@1'B)3M :>0 @6:>'M030:)A :-)61+ '- n@-'=)3M+o ) )3 ):( :0(:)3M '< ?0/)A)30(9 P'?0'@6:>B >6( 7003 )3 @-6A:)A0 <'- CDD B06-(+ 7.: ): )( '31B -0A03:1B :>6: :>0 &,] >6( 7003 6@@1)0/ :' A'3<)-? :>0 @-)3A)@10 '< n1)L0 A.-0( 1)L0o 6( ) [3 :>0 >'?0'@6:>)A @-'=)3M+ :>0 >.?63 :0(: (.7Y0A:( 6-0 M)=03 (?611 /'(0( '< (.7(:63A0( 63/ 6(L0/ :' -0A'-/ :>0 (B?@:'?( :>0B /0=01'@9 ]>0(0 (B?@:'?( 6-0 (.7(0k.03:1B A'116:0/ 63/ A6:0M'-)40/9 ]>0 -0(.1:( )/03:)<B :>0 :'g)A'1'M)A61 @-'@0-:)0( '< :>0 (.7(:63A0 <'- 16:0- ?0/)A)361 6@@1)A6:)'3(9 O6?.01 P6>30?633+ :>0 <'.3/0- '< >'?0'@6:>B+ @-'=0/ "D$ -0?0/)0( )3 >)( 1)<0:)?09 ]>0(0 -0?0/)0( 6-0 (:)11 .(0/ :'/6B+ 61:>'.M> -0@-0(03:)3M '31B 6 (?611 @'-:)'3 '< :>0 ?'-0 :>63 CDDD -0?0/)0( )3 A1)3)A61 .(09

AVH Homeopathy White Paper - The Academy of Veterinary

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

! "!

45-!01)2-$%-!6+(-!,#7!8#9-#:+.5/!!Z77-0=)6:)'3(I!Z`KZI!Z?0-)A63!`0:0-)36-B!K0/)A61!Z(('A)6:)'3!,Z`KI!,'?@10?03:6-B!63/!Z1:0-36:)=0!`0:0-)36-B!K0/)A)30!&,]I!&63/'?)40/!A1)3)A61!:-)61!OZV*PI!OA'-0!<'-!Z((0((?03:!'<!V>B()A61!*g@0-)?03:(!)3!P'?0'@6:>B!_ZZPZI!_'.-361!'<!:>0!Z?0-)A63!Z3)?61!P'(@):61!Z(('A)6:)'3!V*UI!V-'M-6?!'<!*=61.6:)'3!'<!,'?@10?03:6-B!K0/)A)30!,ZKI!,'?@10?03:6-B!63/!Z1:0-36:)=0!K0/)A)30!Z`PI!ZA6/0?B!'<!`0:0-)36-B!P'?0'@6:>B!*WKI!*=)/03A0!76(0/!?0/)A)30!

!;$.7#2'%.)#$!]>0!Z`KZ!>6(!-0A'M3)40/!,Z`K!6(!6!A6:0M'-B!'<!@-6A:)A0!?0-):)3M!(0@6-6:0!M.)/01)30(9!`0:0-)36-B!>'?0'@6:>B!<611(!.3/0-!:>0!Z`KZm(!/0<)3):)'3!'<!,Z`K9!]>0!M.)/01)30(!6@@1B!:>0!(6?0!(:63/6-/(!:'!611!@-6A:)A0(!'<!=0:0-)36-B!?0/)A)30I!n]>0!Z`KZ!701)0=0(!:>6:!611!=0:0-)36-B!?0/)A)30+!)3A1./)3M!,Z`K+!(>'.1/!70!>01/!:'!:>0!(6?0!(:63/6-/(9o"!!J>)10!(:6:)3M!:>0!.1:)?6:0!M'61!'<!0=)/03A0;76(0/!?0/)A)30+!:>6:!n,16)?(!<'-!(6<0:B!63/!0<<0A:)=030((!.1:)?6:01B!(>'.1/!70!@-'=03!7B!:>0!(A)03:)<)A!?0:>'/+o!:>0!M.)/01)30(!61('!-0A'M3)40!:>6:!?'(:!:>0-6@)0(!63/!@-'A0/.-0(!.(0/!)3!&11!'<!=0:0-)36-B!?0/)A)30!>6=0!3':!7003!:>'-'.M>1B!(:./)0/!=)6!A1)3)A61!:-)61(!63/!-0@1)A6:)'3(!'<!A1)3)A61!:-)61(+!7.:!-6:>0-!6-0!16-M01B!76(0/!'3!0g:-6@'16:)'3!63/!A1)3)A61!0g@0-:)(0+!:>0!16::0-!70)3M!63!)?@'-:63:!6-?!'<!0=)/03A0;76(0/!?0/)A)309!]>0!Z`KZ!M.)/01)30(!(:6:0+!n,)-A.?(:63A0(!A'??'31B!-0k.)-0!:>6:!=0:0-)36-)63(!0g:-6@'16:0!)3<'-?6:)'3!Q>03!<'-?.16:)3M!6!A'.-(0!'<!:>0-6@B9!`0:0-)36-)63(!(>'.1/!0g0-A)(0!A6.:)'3!)3!(.A>!A)-A.?(:63A0(9!V-6A:)A0(!63/!@>)1'('@>)0(!:>6:!6-0!)30<<0A:)=0!'-!.3(6<0!(>'.1/!70!/)(A6-/0/9o"!!`0:0-)36-B!>'?0'@6:>B!/)<<0-(!<-'?!?6)3(:-06?!A'3=03:)'361!?0/)A)30!)3!:Q'!)?@'-:63:!-0M6-/(9!\)-(:+!:>0!?0/)A)30(!.(0/!)3!>'?0'@6:>)A!@-6A:)A0!6-0!'<:03!6/?)3)(:0-0/!)3!>)M>1B!/)1.:0/!<'-?!)3!0):>0-!Q6:0-!'-!'3!16A:'(0!@0110:(9![:!)(!>B@':>0()40/!:>6:!:>0)-!?'/0!'<!6A:)'3!/)<<0-(!<-'?!:>'(0!'<!(.7(:63A0(!M)=03!)3!@>6-?6A'1'M)A!/'(0(!63/!>6=)3M!/)-0A:!6M03:;/0@03/03:!0<<0A:(!'3!:>0!7'/B9C!!O0A'3/+!):(!?0:>'/!'<!:0(:)3M!@-0/6:0(!:>0!0?0-M03A0!'<!&,]!6(!:>0!M'1/;(:63/6-/!'<!0g@0-)?03:6:)'3+!)3(:06/!0?@1'B)3M!:>0!@6:>'M030:)A!:-)61+!'-!n@-'=)3M+o)!)3!):(!:0(:)3M!'<!?0/)A)30(9!P'?0'@6:>B!>6(!7003!)3!@-6A:)A0!<'-!CDD!B06-(+!7.:!):!)(!'31B!-0A03:1B!:>6:!:>0!&,]!>6(!7003!6@@1)0/!:'!A'3<)-?!:>0!@-)3A)@10!'<!n1)L0!A.-0(!1)L0o!6(!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)![3!:>0!>'?0'@6:>)A!@-'=)3M+!:>0!>.?63!:0(:!(.7Y0A:(!6-0!M)=03!(?611!/'(0(!'<!(.7(:63A0(!63/!6(L0/!:'!-0A'-/!:>0!(B?@:'?(!:>0B!/0=01'@9!!]>0(0!(B?@:'?(!6-0!(.7(0k.03:1B!A'116:0/!63/!A6:0M'-)40/9!]>0!-0(.1:(!)/03:)<B!:>0!:'g)A'1'M)A61!@-'@0-:)0(!'<!:>0!(.7(:63A0!<'-!16:0-!?0/)A)361!6@@1)A6:)'3(9!O6?.01!P6>30?633+!:>0!<'.3/0-!'<!>'?0'@6:>B+!@-'=0/!"D$!-0?0/)0(!)3!>)(!1)<0:)?09!]>0(0!-0?0/)0(!6-0!(:)11!.(0/!:'/6B+!61:>'.M>!-0@-0(03:)3M!'31B!6!(?611!@'-:)'3!'<!:>0!?'-0!:>63!CDDD!-0?0/)0(!)3!A1)3)A61!.(09!

! C!

Q011!6(!:'!<)30;:.30!(.A>!010?03:(!'<!>'?0'@6:>B!6(!:>0!@6:>'M030:)A!:-)61!63/!-0?0/B!(010A:)'39!!![3!(@):0!'<!:>0(0!:Q'!)?@'-:63:!/)<<0-03A0(!<-'?!?6)3(:-06?!=0:0-)36-B!?0/)A)30+!:>0!16-M0!3.?70-!'<!A6(0(!/'A.?03:0/!)3!:>0!>)(:'-)A!>'?0'@6:>)A!?0/)A61!1):0-6:.-0!6(!Q011!6(!:>0!A1)3)A61!0g@0-)03A0!'<!A.--03:!>.?63!63/!=0:0-)36-B!>'?0'@6:>(!>6=0!(>'Q3!:>6:!>'?0'@6:>B!'<<0-(!:>0!@':03:)61!<'-!=0:0-)36-)63(!:'!0g@63/!:>0!-061?!'<!:>0-6@B!<'-!@6:)03:(9!J):>!:>0!-00?0-M03A0!)3!:>0!@6(:!CD!B06-(!'<!=0:0-)36-B!>'?0'@6:>B!)3!:>0!c3):0/!O:6:0(!63/!,636/6+!63/!Q):>!:>0!M-'Q:>!'<!=0:0-)36-B!>'?0'@6:>B!)3!O'.:>!63/!,03:-61!Z?0-)A6+!*.-'@0+!Z()6+!Z.(:-61)6+!N0Q!b06163/+!Z<-)A6!63/!:>0!K)//10!*6(:+!6!>)M>1B!:-6)30/!63/!0g@0-)03A0/!A-'@!'<!=0:0-)36-B!>'?0'@6:>(!)(!0?0-M)3M9![:!)(!>'@0/!:>6:!)3!:)?0!6A6/0?)A!)3(:):.:)'3(!Q)11!0?@1'B!k.61)<)0/!@-'<0(()'361(!:-6)30/!)3!=0:0-)36-B!>'?0'@6:>B9!J):>!:>0(0!<.3/6?03:61!@-0-0k.)():0(!6A>)0=0/+!:>0!0=)/03A0!@B-6?)/!<'-!=0:0-)36-B!>'?0'@6:>B!A63!70M)3!:'!M-'Q9!!!45-!*%)-$%-!OA)03A0!)(!:>0!(:6:0!'<!L3'Q)3M9!]>0!6Ak.)():)'3!'<!L3'Q10/M0!)(!63!'3M')3M!%5"3$::!:>6:!)3A1./0(!:-)61!63/!0--'-+!/)(6@@')3:?03:(+!(.AA0((0(+!/)(A'=0-)0(+!?'/)<)A6:)'3(+!63/!?'(:!)?@'-:63:1B+!7.)1/)3M!.@'3!611!@-)'-!0g@0-)03A0(!63/!.3/0-(:63/)3M9!OA)03A0!)(!6!@-'A0((!:>6:!>6(!3'!03/9!,'3A1.()'3(!6-0!3':!<'-M'309!Z((.?@:)'3(!6-0!06()1B!'=0-:.-30/9!!V6-6/)M?(!6-0!A'3(:63:1B!.@!<'-!-0A'3()/0-6:)'39!!]>0!A'3A0@:!:>6:!n6!/-6?6:)A611B!30Q!.3/0-(:63/)3M!'<!@>B()A(+!A>0?)(:-B+!63/!7)'1'MB!Q>)A>!'=0-:.-3(!:>0!=0-B!<'.3/6:)'3(!'<!?'/0-3!7)'?0/)A61!(A)03A0!Q'.1/!70!30A0((6-Bo!'-!:>6:!n6!-0='1.:)'3!)3!76()A!(A)03A0!Q'.1/!300/!:'!:6L0!@16A0o!<'-!:>0!@-'@'(0/!?0A>63)(?(!'<!>'?0'@6:>B!:'!70!=61)/!)(!()?@1)(:)A+!@6-:1B!76(0/!'3!'.:/6:0/!(A)03A0+!63/!@6-:1B!76(0/!'3!6!16AL!'<!L3'Q10/M0!'<!0(:671)(>0/!(A)03A09#!!]>0!76ALM-'.3/!<'-!(.A>!(:6:0?03:(!)(!76(0/!'3!:>0!/'M?6!:>6:!@0-()(:(!<-'?!Q'-L!@0-<'-?0/!)3!:>0!16:0!"E:>!63/!06-1B!CD:>!A03:.-)0(9!]>)(!Q'-L!/0-)=0/!Z='M6/-'m(!A'3(:63:+!6@@-'g)?6:01B!$9DCC!g!"DC#+!:>0!'($"5$'23&1-/)1.:)'3!70B'3/!Q>)A>!3'!?6:0-)61!(.7(:63A0!(>'.1/!0g)(:9!O)3A0!?63B!G7.:!3':!611H!>'?0'@6:>)A!-0?0/)0(!6-0!0?@1'B0/!6:!/)1.:)'3(!70B'3/!:>)(!:>0'-0:)A61!A'3(:63:+!:>0!A>)0<!6-M.?03:!6M6)3(:!>'?0'@6:>B!6@@06-0/!6(!'30!'<!@16.()7)1):BI!n70A6.(0!'<!:>0!@-0(.?@:)=0!16AL!'<!(.<<)A)03:!7.1L;<'-?!('.-A0!?6:0-)61!:'!0g0-:!6!l.(.61m!@>6-?6A'1'M)A61!/'(0;-0(@'3(0!0<<0A:+o!@-'@'303:(!'<!:>)(!3'Q;'.:/6:0/!=)0Q!6-M.0/!:>6:!>'?0'@6:>)A!-0?0/)0(!A'.1/!3':!Q'-L9!\.-:>0-+!:>0B!6-M.0/!:>6:!6AA'-/)3M!:'!@-)3A)@10(!'<!:B@)A61!A1)3)A61!@>6-?6A'1'MB+!1'Q0-!7.1L;<'-?!n/'(0(o!(>'.1/!0g0-:!10((0-!0<<0A:(+!.3:)1!3'!7)'1'M)A61!0<<0A:(!'AA.--0/9C!!!P'Q0=0-+!A.--03:!Q011;6AA0@:0/!(A)03A0!)3!:>0!<)01/!'<!363'@>6-?6A'1'MB!>6(!(>'Q3!:>0!@-0(03A0!'<!363'@6-:)A10(!'<!:>0!'-)M)361!7.1L;('.-A0!?6:0-)61!6(!Q011!6(!-0?0/B;?'/)<)0/!()1)A6!363'(:-.A:.-0(!)3!:>0(0!>)M>!/)1.:)'3(9!]>0(0!-0?6)3!(:6710!Q>0:>0-!)3!1)k.)/!<'-?!'-!'3!16A:'(0!@0110:(!Q>03!@-0@6-0/!6AA'-/)3M!:'!:>0!>'?0'@6:>)A!@-)3A)@10(!'<!:-):.-6:)'3))!63/!(.AA.(()'3)))9!80:0A:)'3!'<!:>0(0!@6-:)A10(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!))!]>0!@-'A0((!7B!Q>)A>!:>0!(:6-:)3M!('1)/!?6:0-)61!)(!M-'.3/!Q):>!?)1L!(.M6-!)3!:>0!)3):)61!(:0@(!'<!-0?0/B!@-0@6-6:)'39!

! #!

>6(!7003!036710/!7B!:>0!.(0!'<!>)M>!-0('1.:)'3!)?6M)3M!:0A>3)k.0(!(.A>!6(!6:'?)A!<'-A0!?)A-'(A'@B+!(A633)3M!010A:-'3!?)A-'(A'@B!63/!:-63(?)(()'3!010A:-'3!?)A-'(A'@B9S+^+$+T!!]>0!@-'A0((!7B!Q>)A>!:>0(0!363'@6-:)A10(!6-0!:-63(<0--0/!/.-)3M!:>0!@-0@6-6:)'3!'<!>'?0'@6:>)A!-0?0/)0(!>6(!7003!/'A.?03:0/!Q):>!>)M>!(@00/!=)/0'M-6@>B9T!Z3!'=0-Q>01?)3M!@-0@'3/0-63A0!'<!:>0(0!(:./)0(!>6([email protected])(>0/!)3!@00-;-0=)0Q0/!?6)3(:-06?!(A)03:)<)A!Y'.-361(9!!\.-:>0-+!7)'1'M)A61!6A:)=):B!'<!:>0!?6:0-)61!-0?6)3)3M!)3!:>0(0!>)M>1B!/)1.:0/!('1.:)'3(!)(!03:)-01B!@16.()7109!]>0!k.63:):B!'<!-0?6)3)3M!@6-:)A10(!G)3!@)A'M-6?(H!)(!Q011!Q):>)3!:>0!-63M0!<'-!':>0-!7)'6A:)=0!(.7(:63A0(!1)L0!>'-?'30(!63/!=)-.(0(9%!N63'@6-:)A10(!>6=0!03>63A0/!7)'6=6)167)1):B!63/!>0)M>:030/!-06A:)=):B+!103/)3M!:>0?!:>0!67)1):B!:'!()M361!(@0A)<)A!)3<'-?6:)'3!)3!1)=)3M!'-M63)(?(!G=)6!A>0?)A61+!'@:)A61+!010A:-'?6M30:)A+!?6M30:)A+!:>0-?61!63/j'-!k.63:.?!@-'@0-:)0(H!63/!:'!(:)?.16:0!)??.3'1'M)A61!63/j'-!)3<16??6:'-B!-06A:)=):B!63/!?'/.16:0!(@0A)<)A!M03'?)A!0g@-0(()'3!@6::0-3(9C+$+E!!]>0!@-'A0((0(!7B!Q>)A>!363'@6-:)A10(!?0/)6:0!A>63M0(!)3!:>0!7'/B!6-0!3':!@>6-?6A'1'M)A61!7.:!-6:>0-!@>B()'1'M)A61+!63/!6@@06-!:'!<'11'Q!:>0!Q)/01B!6AA0@:0/!@-)3A)@10(!'<!>'-?0()()=9C+"D!!]>0!@-0(03A0!'<!!:>0(0!@6-:)A10(!6(!Q011!6(!:>0!@-'=03!@':03:)61!<'-!7)'1'M)A61!6A:)=):B!)3!363';A'3A03:-6:)'3(!)3=61)/6:0!:>0!'1/!=)0Q!:>6:!>'?0'@6:>)A!6M03:(!>6=0!3'!0<<0A:)=0!(.7(:63A0!63/!:>0-0<'-0!A633':!>6=0!@>B()'1'M)A!0<<0A:(9!!Z/=63A0(!)3!<)01/(!'<!(A)03A0+!(.A>!6(!:'g)A'1'MB+!30.-'7)'1'MB+!30.-'@>6-?6A'1'MB+!@(BA>)6:-B+!)??.3'1'MB!63/!@>B()'1'MB!>6=0!-0(.1:0/!)3!63!)3:0-/)(A)@1)36-B!A'3=0-M03A0!)3!.3/0-(:63/)3M!'<!>'Q!>'?0'@6:>)A!-0?0/)0(!?6B!Q'-L!)3!:>0!7'/B9!K0:6@16(:)A):B+!:)?0;/0@03/03:!(03():)46:)'3+!63/!A-'((;(03():)46:)'3!6-0!611!-0(@'3(0(!:>6:!'AA.-!)3!:>0!>'(:!6(!6!-0(.1:!'<!0g@'(.-0!:'!:>0!A'--0A:!>'?0'@6:>)A!-0?0/B9C!]>)(!0?0-M)3M!?'/01!<'-!:>0!0<<0A:(!'<!-0?0/)0(!)3!A'?@10g!1)=)3M!(B(:0?(!61('!)(!A'3M-.03:!Q):>!63/!=0-)<)0(!76()A!:030:(!'<!>'?0'@6:>B+!(.A>!6(!:>0!16Q!'<!()?)16-(+=!:>0!)?@'-:63A0!'<!?'/61):)0(=)+!:>0!>'?0'@6:>)A!6MM-6=6:)'3=))+!63/!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)))!]>0!(>6L)3M!'<!:>0!M16((!A'3:6)30-!:>6:!A'3:6)3(!:>0!('1.:)'3!Q):>!:>0!>'?0'@6:>)A!-0?0/B9!)=!P'-?0()(!)(!6!:0-?!.(0/!7B!:'g)A'1'M)(:(!:'!-0<0-!:'!6!7)@>6()A!/'(0!-0(@'3(0!:'!63!03=)-'3?03:61!6M03:!A>6-6A:0-)40/!7B!6!1'Q!/'(0!(:)?.16:)'3!'-!7030<)A)61!0<<0A:!63/!6!>)M>!/'(0!)3>)7):'-B!'-!:'g)A!0<<0A:9!\'-!0g6?@10+!6:!1'Q!/'(0(+!!GD9^;"?MjLMH!0-B:>-'?BA)3!03>63A0(!M6(:-)A!?':)1):B!63/!0?@:B)3M+!7.:!6:!>)M>0-!/'(0(+!G"D;CD?MjLMH!):!?6B!A6.(0!0?0()(9!!G*-B:>-'?BA)3!)3!.1/#0W:-I$'$527&5)-85/F-!&7=0""X9!O0=03:>!*/9H![3!:>0!<)01/(!'<!7)'1'MB!63/!?0/)A)30+!>'-?0()(!)(!/0<)30/!6(!63!6/6@:)=0!-0(@'3(0!'<!A011(!63/!'-M63)(?(!:'!6!?'/0-6:0!G.(.611B!)3:0-?)::03:H!(:-0((9!=!<2#212&-:2#2120/:-3/5$7'"5+!n20:!1)L0(!A.-0!1)L09o!]>0!.3/0-1B)3M!@-)3A)@10!Q>)A>!<'-?(!:>0!76()(!<'-!(010A:)'3!'<!>'?0'@6:>)A!-0?0/)0(!<'-!@6:)03:(9!]>0!-0?0/B!)(!?6:A>0/!:'!:>0!@6:)03:m(!.3)k.0!(0:!'<!(B?@:'?(!76(0/!'3!:>0!L3'Q3!(B?@:'?(!:>6:!:>0!-0?0/B!A63!A6.(0!Q>03!M)=03!:'!>061:>B!@0'@10!)3!:>0!>'?0'@6:>)A!@-'=)3M(9!GO00!<'':3':0!)9H!=)!]>0!:0-?!n?'/61):Bo!)3!:>0!>'?0'@6:>)A!A'3:0g:!-0<0-(!:'!:>0!(@0A)<)A!(03():)=):)0(!'<!:>0!@6:)03:!:'!A'3/):)'3(!(.A>!6(!>06:+!A'1/+!Q06:>0-!A'3/):)'3(+!?'=0?03:+!0:A9![3!(010A:)3M!6!>'?0'@6:>)A!-0?0/B+!'<!M-06:!)?@'-:63A0!6-0!:>0!?'/61):)0(!:>6:!?6L0!:>0!@6:)03:m(!A'3/):)'3!70::0-!'-!Q'-(09!=))!Z!:-63()03:!Q'-(03)3M!'<!(B?@:'?(!Q>)A>!@-0A0/0(!:>0!A.-6:)=0!-0(@'3(0!

! S!

P0-)3Mm(!/)-0A:)'3!'<!A.-0=)))9""+"C!N06-1B!611!'<!:>0(0!(:./)0(!(.@@'-:)3M!:>)(!30Q!.3/0-(:63/)3M!>[email protected])(>0/!)3!@00-;-0=)0Q0/!?6)3(:-06?!?0/)A61!Y'.-361(9!!&0(06-A>!)3!76()A!(A)03A0+!'3!:>0!A011.16-!10=01!6(!Q011!6(!:>6:!'<!:>0!Q>'10!'-M63)(?+!>6(!/0?'3(:-6:0/!:>0!6A:)=):B!'<!>'?0'@6:>)A!-0?0/)0(!6(!Q011!6(!0<<)A6AB!'<!-0?0/)0(9!J)::!$'-&1!@0-<'-?0/!6!(B(:0?6:)A!-0=)0Q!'<!$T!27-C2'5"!0g@0-)?03:(!M10630/!<-'?!T^!Y'.-361(9!Z11!(:./)0(!)3='1=0/!(:0@Q)(0!6M):6:0/!/)1.:)'3(!Q):>!(.7(:63A0(!)3!q"D;C#!A'3A03:-6:)'3(9!d<!3':0!)(!:>6:!:>)-:B;:>-00!@0-A03:!Q0-0!-0@1)A6:)'3(9!r.61):B!Q6(!6((0((0/!7B!:>0!?'/)<)0/!OZV*P!(A'-09)g!O0=03:B;:>-00!@0-A03:!(>'Q0/!63!0<<0A:!Q):>!.1:-6?'10A.16-!/)1.:)'3(+!)3A1./)3M!$%p!'<!0)M>:003!(:./)0(!(>'Q)3M!6!OZV*P!(A'-0!!$9!]>0!6.:>'-(!A'3A1./0/!:>6:!0=03!0g@0-)?03:(!Q):>!6!>)M>!?0:>'/'1'M)A61!(:63/6-/!A'.1/!/0?'3(:-6:0!63!0<<0A:!'<!>)M>!@':03A)0(9"#!!*3/10-!$'-&1!@0-<'-?0/!6!7)71)'?0:-)A!(:./B!:'!@-'=)/0!63!'=0-=)0Q!'<!<.3/6?03:61!7)'A>0?)A61!63/!7)'1'M)A61!(:./)0(!:>6:!.(0/!>)M>!>'?0'@6:>)A!@':03A)0(+!63/!:>6:!Q0-0!(.7Y0A:0/!:'!167'-6:'-B;)3:0-361+!?.1:)A03:0-+!'-!)3/0@03/03:!-0@0:):)'3!:-)61(9!!]>0B!<'.3/!CS!0g@0-)?03:61!?'/01(!)3!76()A!-0(06-A>!'3!>)M>!>'?0'@6:>)A!@':03A)0(!Q>)A>!Q0-0!-0@06:0/1B!)3=0(:)M6:0/9!]Q03:B;:Q'!?'/01(!Q0-0!-0@-'/.A0/!Q):>!A'?@6-6710!-0(.1:(+!()g!?'/01(!Q):>!/)<<0-03:!-0(.1:(+!63/!-0@0:):)'3!(>'Q0/!3'!-0(.1:(!<'-!<)<:003!?'/01(9!O0=03!?'/01(!Q0-0!)3/0@03/03:1B!-0@-'/.A0/!Q):>!0):>0-!A'?@6-6710!'-!/)<<0-03:!-0(.1:(9!]>0B!A'??03:!:>6:I!!

]>)(!-016:)'3!)(!<6)-1B!Q011!-0<10A:0/!7B!?.1:)A03:0-!(:./)0(+!)909!(:./)0(!:>6:!Q0-0!A03:-611B!'-M63)40/+!7.:!A6--)0/!'.:!7B!=6-)'.(!-0(06-A>0-(!)3!/)<<0-03:!167'-6:'-)0(+!36?01B!$$p!A'?@6-6710+!"Tp!/)<<0-03:!63/!"Tp!3'!0<<0A:(9!]>.(!?.1:)A03:0-!(:./)0(!(00?!:'!70!63!6/0k.6:0!:''1!:'!)3=0(:)M6:0!76()A!>)M>!@':03AB!?'/01(9"S!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!=)))!ZAA'-/)3M!:'!nP0-)3Mm(!8)-0A:)'3!'<!,.-0+o!'=0-!:)?0!:>0!@6:)03:m(!>061)3M!'AA.-(!<-'?!67'=0!/'Q3Q6-/+!<-'?!?'-0!)?@'-:63:!:'!10((!)?@'-:63:!'-M63(+!63/!)3!-0=0-(0!'-/0-!)3!:)?0!'<!(B?@:'?!6@@06-63A09!)gOA'-0!<'-!Z((0((?03:!'<!V>B()A61!*g@0-)?03:(!'3!P'?0'@6:>B9!OZV*P!>6/!7003!/0=01'@0/!:'!6((0((!:>0!k.61):B!'<!@>B()A61!-0(06-A>!)3!>'?0'@6:>B9GW0AL0-;J)::!,+!J0)((>.>3!]*+!2./:L0!&+!J)11)A>!ON9!r.61):B!6((0((?03:!'<!@>B()A61!-0(06-A>!)3!>'?0'@6:>B9!6-B1'-,"#%1-+$=!CDD#FEI""#;#C9H![:!)(!76(0/!'3!:>-00!k.61):B!A'3(:-.A:(!;!?0:>'/'1'MB+!0g@0-)?03:!(:63/6-/)46:)'3+!@-0(03:6:)'3!;!:>6:!/)=)/0!)3:'!0)M>:!):0?(+!A>0AL)3M!<'-!:03!A-):0-)69!*6A>!):0?!(A'-0(!'30!@')3:!<'-!63!6<<)-?6:)=0!63(Q0-+!0gA0@:!A'3:-'1(!63/!0g@0-)?03:!(:63/6-/)46:)'3!Q):>!:Q'!@')3:(!06A>9!]>0!?0:>'/'1'MB!):0?(!A>0AL!:>6:!:>0!0g@0-)?03:61!/0()M3!.(0(!:0A>3)k.0(!:'!A'3:-'1!<6A:'-(!:>6:!?6B!A6.(0!7)6(!G09M9!(B(:0?6:)A!'-!-63/'?!0--'-(H9!!]>0!?'/)<)0/!OZV*P!(>'.1/!70!-06/!6:!):0?!10=01!:'!6((0((!63!0g@0-)?03:9!]>0!:':61!OZV*P!(A'-0!63/!):(!(.7(A'-0(!(.@@'-:!'31B!-'.M>!M1'761!)?@-0(()'3(!63/!(>'.1/!61Q6B(!70!6AA'?@63)0/!7B!(A'-0!/0:6)1(9!\'-!:>[email protected]@'(0(!'<!:>0!@-0(03:!(:./B+!()g!'-!(0=03!@')3:(!Q):>!A'3:-'1(!'<!0k.61!A'3:6?)36:)'3!Q'.1/!)3/)A6:0!6!-06('36710!A'3:-'1!<'-!7)6(+!63/!?'-0!:>63!(0=03!@')3:(!)3A1./)3M!:Q'!<'-!A'3:-'1(!Q'.1/!(:-03M:>03!:>)(9!!!

! ^!

->7=$%$7=$7'-1&0"5&'"5)-3"7?25#&'2"7-"?-5$:/1':-T&:-?"/7=-'"-0$-(2F(U-&7=-T2'(27-$S%$3'$=-C&1/$:-?"5-%":2'2C$-?27=27F:-27-#/1'2V3$7'$5$=-5$%$'2'2"7:L![3/00/+!(:./)0(!(.A>!6(!@>B()'1'M)A!0<<0A:(!'<!:>B-'g)3!)3!<-'M(!63/!/0M-63.16:)'3!'<!76('@>)1(!0g@'(0/!:'!.1:-6/)1.:0/!63/!(.AA.((0/!(.7(:63A0(!>6=0!7003!-0@1)A6:0/!G63/[email protected])(>0/!)3!?6)3(:-06?!?0/)A61!Y'.-361(H!63/!(>'Q3!@'():)=0!-0(.1:(9"^+"$+"T"%+"E+CD!O)3A0!:>[email protected])A6:)'3!'<!:Q'!-0=)0Q!6-:)A10(!/0?'3(:-6:)3M!:>0!0<<)A6AB!'<!:>0(0!OO8!('1.:)'3(+!?'-0!-0(06-A>!A'3:)3.0(!:'[email protected])(>0/!:>6:!0g@63/(!'.-!L3'Q10/M0!76(0!)3!:>)(!6-069C"+CC+C#+CS!!]>0!16-M0(:!6-06!'<!/'A.?03:6:)'3!'<!0<<)A6AB!'<!>'?0'@6:>)A!-0?0/)0(!A'?0(!<-'?!A6(0!-0@'-:(!63/!A6(0!(0-)0(+!M030-6:0/!()3A0!:>0!70M)33)3M!'<!>'?0'@6:>B!6(!/'A.?03:0/!)3!7''L(!63/!Y'.-361(!'<!>'?0'@6:>B+!63/!0g:03/)3M!:'!:'/6B!Q):>!?'-0!<'-?61)40/!A6(0!-0@'-:(9!Z1:>'.M>!:>0!7.1L!'<!:>0(0!>6=0!7003!<'-!>.?63(+!?'-0!-0A03:!A6(0!-0@'-:(!)3A1./0!A'3/):)'3(!(.A>!6(!A63)30!0@)10@(B+!7670()'()(+!<01)30!0'()3'@>)1)A!M-63.1'?6!A'?@10g+!63/!6:-)61!@6-'gB(?61!:6A>BA6-/)6!9C^+C$+CT+C%[email protected])(>0/!):(!<)-(:!>'?0'@6:>B!A6(0!-0@'-:!)3!:>0!N'=0?70-j80A0?70-!CD""!)((.09!]>)(!Q6(!6!(.AA0((<.1!:-06:?03:!'<!36(61!6(@0-M)11'()(+!/'A.?03:0/!6:!6!=0:0-)36-B!:06A>)3M!>'(@):619CE!!!Z3!0g@63/)3M!3.?70-!'<!A1)3)A61!:-)61(!)3!>.?63(!6-0!70)3M!A'3/.A:0/!63/[email protected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email protected])(>0/!6!7)71)'?0:-)A!(:./B!'<!&,](!<'-!6!(B(:0?6:)A!-0=)0Q!)3!=0:0-)36-B!>'?0'@6:>B9!]>0B!<'.3/!#%!(:./)0(!'<!CT!/)<<0-03:!(@0A)0(;(@0A)<)A!?0/)A61!A'3/):)'3(!)3!(0=03!(@0A)0(!:>6:!(6:)(<)0/!:>0!6AA0@:63A0!A-):0-)6I!(.7(:63:)=0!-0@'-:!'<!6!A1)3)A61!:-06:?03:!'-!@-'@>B16g)(!:-)61!)3!=0:0-)36-B!>'?0'@6:>)A!?0/)A)30!-63/'?)40/!63/!A'3:-'110/!63/[email protected])(>0/!)3!6!@00-;-0=)0Q0/!Y'.-3619SS!,1)3)A61!:-)61(!(>'Q)3M!0=)/03A0!)3!<6='-!'<!=0:0-)36-B!>'?0'@6:>B!>[email protected])(>0/!)3!6-06(!(.A>!6(!>63/1)3M!(:-0((!)3!A61=0(+!30'36:61!@)M10:!/)6-->06+!\'':;63/;K'.:>!8)(06(0!)3!A6::10+!63/!Q0)M>:!M6)3!)3!7-')10-!A>)AL03(9S^+S$+ST+S%![3!CD""[email protected])(>0/!):(!<)-(:!A1)3)A61!:-)61!'<!6!A'?7)36:)'3!@-'/.A:!<'-!A63)30!'(:0'6-:>-):)(!@-0@6-0/!7B!(0-)61!/)1.:)'3!63/!(.AA.(()'39SE!!80()M3!63/!0g0A.:)'3!'<!A1)3)A61!:-)61(!)3!>'?0'@6:>B!-0k.)-0!6//):)'361!A'3()/0-6:)'3(!<-'?!:>'(0!'<!A'3=03:)'361!?0/)A)309!2)L0Q)(0+!0=61.6:)'3!'<!A1)3)A61!:-)61(!'3!(:./B!/0()M3!6(!):!6@@1)0(!:'!A1)3)A61!:-)61(!<'-!A'3=03:)'361!/-.M(!?6B!-010M6:0!6!(:./B!:'!:>0!n70::0-!/0()M3o!A6:0M'-B!Q>03!)3!<6A:!:>0!(:./B!/0()M3!/'0(!3':!6/>0-0!:'!>'?0'@6:>)A!@-)3A)@10(!(.A>!6(!)3/)=)/.61)46:)'3!'<!-0?0/)0(!63/!:>0!.(0!'<!()3M10!-0?0/)0(9!Z//):)'3611B+!<6)1.-0!:'!@-0/0:0-?)30!:>0!A'--0A:!-0?0/B!<'-!63!)3/)=)/.61!A'.1/!)3A-06(0!:>0!-)(L!:>6:!63!)30<<0A:)=0!?0/)A)30!)(!70)3M!6/?)3)(:0-0/!:'!:>0!(.7Y0A:!)3!:>0!=0-.?!M-'.@9!\'-:.36:01B+!6(!(:./)0(!)3!:>0!-016:)=01B!30Q!<)01/!'<!-0(06-A>!)3!>'?0'@6:>B!@-'M-0((+!('!/'!)?@-'=0?03:(!)3!

! $!

(:./B!/0()M3!Q>)A>!:6L0!)3:'!6AA'.3:!.3)k.0!A'3()/0-6:)'3(!<'-!A1)3)A61!:-)61(!)3!>'?0'@6:>B9^D+^"!!K'-0!-0A03:!@-'@0-1B!/0()M30/!?0:6;6361B(0(!63/!(B(:0?6:)A!-0=)0Q(!>6=0!(>'Q3!:>6:!>'?0'@6:>B!A633':!70!0g@16)30/!7B!:>0!@16A07'!0<<0A:!63/j'-!:>6:!>'?0'@6:>B!)(!0<<0A:)=09#C+#$+^C+^#!!]>0!?'(:!-0A03:!M030-61!?0:6;6361B()(+!)3A1./0/!)3!:>0!,'330A:)A.:!`0:0-)36-B!K0/)A61!Z(('A)6:)'3m(!6AA'?@63B)3M!Q>):0!@6@0-!63/!!@-0(03:0/!6(!0=)/03A0!6M6)3(:!:>0!0<<)A6AB!'<!>'?0'@6:>B+!Q6(!>)M>[email protected])A)40/!63/!Q)/01B!A-):)A)40/!<'-!<6)1)3M!:'!6/>0-0!:'!:>0!(:63/6-/(!'<!@-'@0-1B;A'3(:-.A:0/!?0:6;6361B(0(9^S!]>0!A-):)A)(?!Q6(!?'(:!3':6710!)3!:>6:!'30!'<!):(!(@'3('-(+!:>0![3:0-36:)'361!&0=)0Q!W'6-/!'<!:>0!V*U!'<!:>0!OQ)((!\0/0-61!M'=0-3?03:+!(:6:0/+!n]>0-0!)(!6!A'3(03(.(!6?'3M!:>0!-0=)0Q!7'6-/!?0?70-(!:>6:!:>0!<)361!V*U!@-'A0((!/0=)6:0/!<-'?!Q>6:!Q'.1/!>6=0!7003!0g@0A:0/!7B!A'3=03:)'361!(:63/6-/(9o^^!!V-0=)'.(1B+!6!CDD$!P061:>!]0A>3'1'MB!Z((0((?03:!-0@'-:!'3!0<<0A:)=030((+!A'(:;0<<0A:)=030((+!63/!6@@-'@-)6:030((!'<!>'?0'@6:>B!Q6(!A'?@)10/!'3!70>61<!'<!:>0!V*U!'<!:>0!OQ)((!\0/0-61!d<<)A0!<'-!V.71)A!P061:>9!]>0)-!-0(.1:(!(>'Q0/!?63B!>)M>!k.61):B!)3=0(:)M6:)'3(!'<!@-0;A1)3)A61!-0(06-A>!'<!>'?0'@6:>)A!>)M>!@':03A)0(!)3/.A)3M!-0M.16:)=0!63/!(@0A)<)A!A>63M0(!)3!A011(!'-!1)=)3M!'-M63)(?(9![3!6//):)'3+!CD!'<!CC!(B(:0?6:)A!-0=)0Q(!/0:0A:0/!6:!106(:!6!:-03/!)3!<6='-!'<!>'?0'@6:>B9![3!:>0)-!0(:)?6:)'3+!<)=0!(:./)0(!B)01/0/!-0(.1:(!)3/)A6:)3M!A106-!0=)/03A0!<'-!>'?0'@6:>)A!:>0-6@B9!]>0)-!0=61.6:)'3!'<!CE!(:./)0(!)3!:>0!A6:0M'-B!'<!nc@@0-!&0(@)-6:'-B!]-6A:![3<0A:)'3(jZ110-M)A!&06A:)'3(o!(>'Q0/!6!@'():)=0!'=0-611!-0(.1:!)3!<6='-!'<!>'?0'@6:>B9!O)g!'.:!'<!(0=03!A'3:-'110/!(:./)0(!Q0-0!6:!106(:!0k.)=6103:!:'!A'3=03:)'361!?0/)A61!)3:0-=03:)'3(9!*)M>:!'.:!'<!()g:003!@16A07';A'3:-'110/!(:./)0(!Q0-0!()M3)<)A63:!)3!<6='-!'<!>'?0'@6:>B9^$!!0,,-%.)1-$-((!+$2!"#(.30,,-%.)1-$-((!!J>03!)3:0M-6:0/!)3:'!36:)'361!>061:>!A6-0!(B(:0?(+!>'?0'@6:>B!>6(!7003!(>'Q3!:'!70!0<<0A:)=0!6(!Q011!6(!A'(:;0<<0A:)=09^T+^%![3!:>0!c3):0/!U)3M/'?+!06A>!'<!:>0!>'?0'@6:>)A!>'(@):61(!'3!:>0!N6:)'361!P061:>!O0-=)A0!GNPOH!-0@'-:0/!A1)3)A61!'.:A'?0(!<'-!6!Q)/0!-63M0!'<!?0/)A61!A'?@16)3:(9!V'():)=0!'.:A'?0(!Q0-0!6@@-'g)?6:01B!TDp!6:!06A>!>'(@):619^%+^E+$D+$"+$C!Z!:Q01=0;?'3:>!'.:A'?0!(.-=0B!<-'?!:>0!2)=0-@''1!80@6-:?03:!'<!P'?0'@6:>)A!K0/)A)30!<'.3/!:>6:!'<!""DD!@6:)03:(!(.-=0B0/+!T$9$p!-0@'-:0/!63!)?@-'=0?03:!)3!:>0)-!A'3/):)'3!Q):>!$D9#p!-0@'-:)3M!6!?6Y'-!)?@-'=0?03:F!63/!^Cp!'<!%"S!@6:)03:(!Q>'!Q0-0!:6L)3M!A'3=03:)'361!?0/)A6:)'3!Q0-0!6710!:'!-0/.A0!'-!(:'@!:>0(0!?0/)A6:)'3(9$#!!!Z!A'(:;0<<0A:)=030((!(:./B!'<!-0A.--03:!6A.:0!->)3'@>6-B3M):)(!)3!SEE!A>)1/-03!(>'Q0/!:>6:!:>0!>'?0'@6:>)A!6@@-'6A>!B)01/0/!()M3)<)A63:1B!70::0-!-0(.1:(!:>63!63:)7)':)A!:-06:?03:!)3!:0-?(!'<!0<<0A:)=030((+!3.?70-!'<!A'?@1)A6:)'3(+!63/!k.61):B!'<!1)<0+!Q):>!1'Q0-!/)-0A:!?0/)A61!A'(:(!A'=0-0/!7B!:>0!\-03A>!O'A)61!O0A.-):B!(B(:0?9!V6-03:(!'<!:>0!@6:)03:(!)3A.--0/!10((!()AL!106=0!6(!Q0119$S!Z!A'>'-:!(:./B!'<!SE#!@6:)03:(!Q):>!A>-'3)A!/)6M3'(0(!)3!50-?63B!(>'Q0/!M-06:0-!)?@-'=0?03:!)3!@6:)03:(m!6((0((?03:(!6<:0-!>'?0'@6:>)A!=0-(.(!A'3=03:)'361!:-06:?03:+!6(!Q011!6(!?'-0!<6='-6710!@>B()A)63!6((0((?03:(!<'-!A>)1/-03!Q>'!>6/!-0A0)=0/!>'?0'@6:>)A!:-06:?03:9$^!Z!(:./B!)3!OQ):40-163/!'<!A'(:;0<<0A:)=030((!'<!,ZK!=9!A'3=03:)'361!?0/)A61!:>0-6@)0(!<-'?!"EEE;CDD^!(>'Q0/!"^9Sp!1'Q0-!A'(:(!<'-!>'?0'@6:>B!=0-(.(!A'3=03:)'361!?0/)A)309!\0Q0-!6/=0-(0!0<<0A:(!Q0-0!-0@'-:0/!<'-!,ZK!

! T!

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k.61):B!'<!1)<0!(A'-0(!61('!)3A-06(0/!A'3()/0-671B9$E!!!!*+,-./!!P'?0'@6:>)A!-0?0/)0(!6-0!?'-0!@-./03:1B!6/?)3)(:0-0/!7B!=0:0-)36-)63(!:-6)30/!)3!=0:0-)36-B!>'?0'@6:>B9!]>0!Z`P!'<<0-(!6!A0-:)<)A6:)'3!)3!=0:0-)36-B!>'?0'@6:>B!Q>)A>!)(!M-63:0/!6<:0-!A'?@10:)'3!'<!6!?)3)?.?!'<!"C^!>'.-(!'<!6@@-'=0/!>'?0'@6:>)A!0/.A6:)'39!]>0!6@@1)A63:!?.(:!/0?'3(:-6:0!@-'<)A)03AB!63/!L3'Q10/M0!)3!>'?0'@6:>)A!@-0(A-)7)3M!7B!6!Q-)::03!0g6?!63/!(.7?)(()'3!'<!A6(0!-0@'-:(9!]>0!:-6)30/!=0:0-)36-B!>'?0'@6:>!)(!6710!:'!@0-<'-?!6!:>'-'.M>!@6:)03:!0g6?)36:)'3!63/!0=61.6:)'3F!(010A:!:>0!6@@-'@-)6:0!-0?0/B!)3A1./)3M!):(!@':03AB+!/'(0+!63/!)3/)=)/.61)40/!-0@0:):)'3F!0=61.6:0!:>0!-0(@'3(0!:'!:>0!-0?0/B!Q>)A>!)3A1./0(!-0A'M3)4)3M!63B!>'?0'@6:>)A!6MM-6=6:)'3F!63/!?636M0!:>0!A6(0!Q>)A>!?6B!)3A1./0!Y./)A)'.(!/'(0!6/Y.(:?03:(!'-!Q):>/-6Q61!'<!A'3=03:)'361!?0/)A6:)'3(9!!!Z`P!/'0(!3':!6/='A6:0!:>6:!A1)03:(!?0/)A6:0!:>0)-!'Q3!63)?61(!Q):>'.:!=0:0-)36-B!(.@0-=)()'39!]>0!:-6)30/!=0:0-)36-B!>'?0'@6:>!)(!6710!:'!0=61.6:0!611!?0/)A61!-0A'-/(+!'-/0-!<.-:>0-!/)6M3'(:)A!:0(:)3M+!-0A'M3)40!4''3':)A!/)(06(0(+!63/!-0A'??03/!6!A>63M0!)3!:-06:?03:!?'/61):B!Q>03!)3/)A6:0/9!!]>0!:-6)30/!=0:0-)36-B!>'?0'@6:>!)(!0/.A6:0/!:'!<'11'Q!0:>)A61!@-6A:)A09!`0:0-)36-B!>'?0'@6:>(!6-0!10M611B!'71)M6:0/!:'!?6L0!(.-0!:>6:!:>0!A1)03:!>6(!7003!)3<'-?0/!'<!63B!A'3=03:)'361!:-06:?03:(!:>6:!?6B!0g)(:!<'-!:>0!@6:)03:m(!A'3/):)'39![3<'-?0/!A1)03:(!'@:!<'-!@-'<0(()'361!>'?0'@6:>)A!A6-0!<'-!?63B!-06('3(+!)3A1./)3M!A'3A0-3(!67'.:!(6<0:B!63/!()/0;0<<0A:(!'<!A'3=03:)'361!:>0-6@)0(+!:>0!67(03A0!'<!63B!(6<0!'-!0<<0A:)=0!A'3=03:)'361!61:0-36:)=0+!A'(:+!63/!@0-('361!@-0<0-03A0(!Q>)A>!?6B!)3A1./0!:>0)-!@-)'-!.(0!'<!>'?0'@6:>)A!-0?0/)0(9TD+T"!*WK!-0A'M3)40(!@0-('361!@-0<0-03A0(!)3!:6)1'-)3M!6!:-06:?03:!@163!<'-!:>0!@6:)03:9!Z1:>'.M>!'31B!6!<0Q!(:./)0(!0g)(:!/)-0A:1B!A'?@6-)3M!:>0!0<<)A6AB!'<!>'?0'@6:>)A!:-06:?03:!:'!A'3=03:)'361!:>0-6@)0(!)3!=0:0-)36-B!?0/)A)30+!A1)3)A)63!0g@0-:)(0+!63':>0-!76()A!:030:!'<!*WK+!61('!@16B(!63!)?@'-:63:!-'10!)3!A'.3(01)3M!A1)03:(!'3!:>0)-!:-06:?03:!'@:)'3(9SE+TC+T#!!W0()/0(!:>0!A1)3)A)63;/-)=03!(6<0:B!'<!>'?0'@6:>B+!:>0!A'3(:):.03:(!63/!?0:>'/!'<!@-0@6-6:)'3!'<!-0?0/)0(!6-0!-0M.16:0/!)3!:>0!c3):0/!O:6:0(!7B!:>0!\''/!63/!8-.M!Z/?)3)(:-6:)'39!Z!(B(:0?6:)A!-0=)0Q!'<!*3M1)(>!163M.6M0!@6@0-(!'<!6/=0-(0!0<<0A:(!'<!>'?0'@6:>)A!-0?0/)0(!<'.3/!:>6:!0<<0A:(!Q0-0!(1)M>:1B!>)M>0-!:>63!:>'(0!'<!@16A07'!7.:!?)3'-+!:-63()03:!63/!A'?@6-6710!:'!:>'(0!'<!@16A07'9!,6(0!-0@'-:(!)3!

! %!

A'3=03:)'361!?0/)A61!Y'.-361(!@')3:0/!?'-0!:'!6/=0-(0!0<<0A:(!'<!?)(167010/!n>'?0'@6:>)A!@-'/.A:(o!G.()3M!=6-)'.(!>0-761!63/!?)30-61!A'?@'303:(H!:>63!:'!:-.0!>'?0'@6:>)A!-0?0/)0(9TS!]>0!'30!(6?@10!'<!A'3:6?)36:)'3!:>6:!:>0!6.:>'-(!'<!:>0!Q>):0!@6@0-!A):0!'AA.--0/!)3!-0?0/)0(!?6-L0:0/!)3!,-'6:)69T^!!!]>0!CDD$!OQ)((!V*U!-0@'-:!A):0/!@-0=)'.(1B!<'.3/!:>6:!3':!'31B!A'.1/!:>0!0<<0A:)=030((!'<!>'?0'@6:>B!70!(.@@'-:0/!7B!A1)3)A61!0=)/03A0+!7.:!Q>03!6@@1)0/!@-'@0-1B+!>'?0'@6:>B!>6(!<0Q!()/0;0<<0A:(!63/!:>0!.(0!'<!>)M>!@':03A)0(!)(!<-00!'<!:'g)A!0<<0A:(9^$!!!"#$%&'()#$(!]>0!,'330A:)A.:!`0:0-)36-B!K0/)A61!Z(('A)6:)'3!&0('1.:)'3!03:):10/+!nP'?0'@6:>B!>6(!7003!)/03:)<)0/!6(!63!)30<<0A:)=0!@-6A:)A0!63/!):(!.(0!)(!/)(A'.-6M0/o!63/!6AA'?@63B)3M!nJ>):0!V6@0-I!]>0!,6(0!ZM6)3(:!P'?0'@6:>BoA'3:6)3!?63B!.3(.7(:63:)6:0/!6110M6:)'3(!63/!(.7:10+!(.7=0-()=0!63/!.3<'.3/0/!6((0-:)'3(!67'.:!=0:0-)36-B!>'?0'@6:>B9!]>0(0!/'A.?03:(!>'1/!>'?0'@6:>B!:'!6!>)M>0-!(:63/6-/!'<!n0=)/03A0o!:>63!:>6:!6/>0-0/!:'!7B!?'(:!A'3=03:)'361!:>0-6@)0(9!]>0!@6@0-!0?@>6()40(!:>0!300/!:'!.(0!'31B!:>0-6@)0(!:>6:!>6=0!.3/0-M'30!:>0!>)M>0(:!k.61):B!A1)3)A61!:-)61(+!Q>)10!/)(?)(()3M!A1)3)A61!0g@0-)03A0!63/!A1)03:!@-0<0-03A0(+!76()A!:030:(!'<!*WK9![3!<6A:+!)<!'30!Q0-0!:'!0g@63/!:>0!6.:>'-(m!@-'@'(0/!-0('1.:)'3!:'!)3A1./0!611!'<!=0:0-)36-B!?0/)A)30+!:>03!6(!@-6A:):)'30-(!'<!A'3=03:)'361!?0/)A)30+!Q0!Q'.1/!<)3/!'.-(01=0(!Q'-L)3M!Q):>!6!()M3)<)A63:1B!1)?):0/!(010A:)'3!'<!:>0-6@0.:)A!'@:)'3(9!]>0!6.:>'-(!?6L0!'.:/6:0/!63/!)36AA.-6:0!(:6:0?03:(!67'.:!:>0!@-0(03A0!63/!k.61):B!'<!(:./)0(!)3!>'?0'@6:>B+!63/!Q>0-0!(:./)0(!(>'Q!6!<6='-6710!'.:A'?0+!:>0B!6110M0+!'<:03!)36AA.-6:01B+!:>6:!(.A>!(:./)0(!>6=0!'[email protected])(>0/!)3!>'?0'@6:>B!Y'.-361(9!\.-:>0-+!)3!(@):0!'<!Q011;/'A.?03:0/[email protected])A6:)'3!7)6(!<6='-)3M!6-06(!'<!n>':o!-0(06-A>!<'[email protected])A6:)'3!)3!6!>63/<.1!'<!>)M>;=)()7)1):B!Y'.-361(+!:>0!6.:>'-(!)3()3.6:0!:>6:[email protected])A6:)'3!)3!6!Y'.-361!/0/)A6:0/!:'!'30!<)01/+!7.:!'31B!)<!:>6:!(.7Y0A:!)(!>'?0'@6:>B!'-!,ZK+!)(!('?0>'Q!7)6(0/9T$!!Z(!(:6:0/!)3!:>0!J>):0!V6@0-+!611!?0/)A)30!)3='1=0(!76163A)3M!-)(L(!6M6)3(:!7030<):(9![3!:>0!A6(0!'<!>'?0'@6:>B+!:>0!-)(L(!6-0!30M1)M)710!)3!:>0!>63/(!'<!:-6)30/!=0:0-)36-B!>'?0'@6:>(+!63/!:>0!7030<):(!)3!0=03!('?0!'<!:>0!?'(:!(0=0-0!A6(0(!A63!70!(:-'3M9!!O.7?)::0/!7B!:>0!ZA6/0?B!'<!`0:0-)36-B!P'?0'@6:>B!O>0110B!&9!*@(:0)3+!`K8+!@6(:;@-0()/03:!!!!!!!!!!!

! E!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!Z`KZ!5.)/01)30(!<'-!,'?@10?03:6-B!63/!Z1:0-36:)=0!`0:0-)36-B!K0/)A)309!>::@(IjjQQQ96=?69'-MjUWjV'1)A)0(jV6M0(jZ`KZ;5.)/01)30(;<'-;,'?@10?03:6-B;63/;Z1:0-36:)=0;`0:0-)36-B;K0/)A)3096(@g9!!C!W011![+!U'):>63!K9!Z!?'/01!<'-!>'?0'@6:>)A!-0?0/B!0<<0A:(I!1'Q!/'(0!363'@6-:)A10(+!611'(:6:)A!A-'((;6/6@:6:)'3+!63/!:)?0;/0@03/03:!(03():)46:)'3!)3!6!A'?@10g!6/6@:)=0!(B(:0?9!*+,-,"#%1$#$7'-B1'$57-+$=!CD"CF"CI"E"!#!Z3'3B?'.(9!J>):0!@6@0-I!:>0!A6(0!6M6)3(:!>'?0'@6:>B9!B==$7=/#-MN-'"-,I+B-.5"%":$=-BI+B-9$:"1/'2"7O-P!"#$"%&'()-(&:-0$$7-2=$7'2?2$=-&:-&7-27$??$3'2C$-%5&3'23$-&7=-2':-/:$-2:-=2:3"/5&F$=LQ-S!,>)L-6?630!VO+!O.-0(>!ZU+!W0116-0!_&+!U630!O59!*g:-0?0!>'?0'@6:>)A!/)1.:)'3(!-0:6)3!(:6-:)3M!?6:0-)61(I!Z!363'@6-:)A.16:0!@0-(@0A:)=09!!"#$"%&'()!CD"DF!EEGSHIC#"fSC9!^!c@6/>B6B!&V+!N6B6L!,9!P'?0'@6:>B!0?0-M)3M!6(!363'?0/)A)309!>7'-6-!2F(-821/'2"7-9$:-CD""F"DG#THICEEf#"D9!$!86(!O+!86(!_+!O6?6//0-!Z+!W>6::6A>6-BB6!OO+!86(!8+!U>./6;W.L>(>!Z&9!W)'(B3:>0()40/!()1=0-!363'@6-:)A10(!7B!0:>63'1)A!0g:-6A:(!'<!.()'"1&33&-=$3&7=5&+!E$1:$#2/#-:$#%$5C25$7:+!!)=5&:'2:-3&7&=$7:2:!63/!D(/R&-"332=$7'&12:!)3/.A0!/)<<0-03:)61!AB:':'g)A):B!:>-'.M>!5CjK!6--0(:!)3!Z#T^!A011(9!,"11"2=:-</5?-*-*2"27'$5?&3$:-CD"CF#C^;#$9!T!,>)L-6?630!VO+!U61):6!8+!O.-0A>!ZU+!U630!O5+!W0116-0!_&9!J>B!0g:-0?0!/)1.:)'3(!-06A>!3'3;40-'!6(B?@:':0(I!6!363'@6-:)A.16:0!>B@':>0()(!76(0/!'3!<-':>!<1':6:)'39!;&7F#/25!CD"CFC%GS^HI"^%$S;T^9!%!20Q)3!O&+!&)70)-'!&K+!J61:0-(!]+!26.!5U+!W'Q/03!O+!2'A6-3)3)!O+!V0-01('3!ZO9!Z361B()(!'<!>0@6:):)(!W!=)-61!1'6/!/0A1)30!.3/0-!@':03:!:>0-6@BI!A'?@10g!/0A6B!@-'<)10(!'7(0-=0/9!!$%&'"1"F)-CDD"F#SG^HI"D"CfCD9!E!K'3:6M3)0-!2+!Z)((6!_+!\0--)(!O+!K'3:6M3)0-!_;2+!26=61100!,9!*10A:-'?6M30:)A!()M361(!6-0!@-'/.A0/!7B!6k.0'.(!363'(:-.A:.-0(!/0-)=0/!<-'?!76A:0-)61!8NZ!(0k.03A0(9!>7'$5=2:32%127&5)-<32-,"#%/'-;2?$-<32!CDDEF"I%"fED9!"D!K6::('3!KV9!P'-?0()(!/0<)30/9!BF$27F-5$:-5$C!CDD%FTG"HI";T9!""!J)0M63:!\+!`63!J)YL!&9!]>0!()?)1)6!@-)3A)@10I!-0(.1:(!'7:6)30/!)3!6!A011.16-!?'/01!(B(:0?9!!"#$"%&'()!CD"DFEEG"HI#f"S9!"C!`63!J)YL!&+!J)0M63:!\ZI!V'(:A'3/):)'3)3M!>'-?0()(!63/!:>0!>'?0'@6:>)A!O)?)1)6!@-)3A)@10I!?'10A.16-!6(@0A:(9!!/#-4S%-D"S23"1!CD"DFCEGTHI^$"f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g)3!'3!?0:6?'-@>'()(!'<!>)M>163/!<-'M(9!*$5127-6-9$:-!"#!"EE"F"I"^"f$D9!"$!*3/10-!V,+!V'3M-6:4!J+!U6(:70-M0-!5+!J)0M63:!\Z,+!P6)/='M01!K9!,1)?7)3M!6A:)=):B!)3!<-'M(!63/!:>0!0<<0A:!'<!>)M>1B!/)1.:0/!(.AA.((0/!:>B-'g)309!*5-!"#$"%&'(-6!"EE"F!%DI"ESfCDD9!"T!*3/10-!V,+!V'3M-6:4!J+!O?):>!,J+!OA>.1:0!_9!N'3;?'10A.16-!)3<'-?6:)'3!:-63(<0-!<-'?!:>B-'g)3!:'!<-'M(!Q):>!-0M6-/!:'!l>'?'0'@6:>)Am!:'g)A'1'MB9!I$'-!/#-D"S23"1!"EE^F#TG#HI!C^Ef$D9!

! "D!

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b63'1)3!*+!,'3<'-:)!Z9!P'?0'@6:>)A!/'(0(!'<!501(0?).?!(0?@0-=)-03(!)?@-'=0!:>0!70>6=)'-!'<!?)A0!)3!-0(@'3(0!:'!3'=01!03=)-'3?03:(9!4C2=-*&:$=-,"#%1$#$7'-B1'$57&'-+$=!CD""FCD""I#$C^"T9!CC!K'>6??6/)!&+!Z?)3)!U+!,>6-0>(64!O9!P'?0'@6:>)A!:-06:?03:!<'-!@0-)@>0-61!30-=0!-0M030-6:)'3I!63!0g@0-)?03:61!(:./B!)3!6!-6:!(A)6:)A!30-=0!:-63(0A:)'3!?'/019!!"#$"%&'()!CD"CF"D"I"S";$9!C#!86(!_+!86(!O+!O6?6//0-!Z+!W>6/-6!U+!U>./6;W.L>(>!Z&9!V'1B!G16A:)/0;A';M1BA'1)/0H!03A6@(.16:0/!0g:-6A:!'<!V>B:'16AA6!/0A63/-6!/0?'3(:-6:0(!70::0-!)3:0-=03:)'3!6M6)3(:!)3/.A0/!1.3M!6/03'A6-A)3'?6!)3!?)A0!63/!'3!Z^SE!A011(9!4/5-6-.(&5#-<32!CD"CFSTGCHI#"#;CS9!CS!\-03L01!K+!K)(>-6!WK+!O03!O+!X63M!V+!V6Q1.(!Z+!`03A0!2+!207163A!Z+!,'>03!2+!W630-Y)!V+!W630-Y)!V9!,B:':'g)A!0<<0A:(!'<!.1:-6;/)1.:0/!-0?0/)0(!'3!7-06(:!A63A0-!A011(9!>7'-6-K73"1!CD"DF#$GCHI#E^;SD#9!C^!`6-(>30B!_V9!,1)3)A61!?636M0?03:!'<!)/)'@6:>)A!0@)10@(B!)3!/'M(!Q):>!>'?0'@6:>)A!70116/'336!CDD,I!6!A6(0!(0-)0(9!!"#$"%&'()9!CDDTFE$G"HIS$;%9!C$!,>6./>.-)!O!63/!`6-(>30B!_V9!,1)3)A61!?636M0?03:!'<!7670()'()(!)3!/'M(!Q):>!>'?0'@6:>)A!,5"'&1/:-("552=/:!CDD,9!!"#$"%&'()!CDDTFE$IED;S9!CT!Z7'.:7'.1!&9!O36L0!-0?0/)0(!63/!0'()3'@>)1)A!M-63.1'?6!A'?@10g!)3!A6:(9!!"#$"%&'()!CDD^FE^I"^;E9!C%!`6-(>30B!_V+!,>6./>.-)!O9!Z:-)61!@6-'gB(?61!:6A>BA6-/)6!)3!/'M(!63/!):(!?636M0?03:!Q):>!>'?0'@6:>)A!/)M):61)(i:Q'!A6(0!-0@'-:(9!!"#$"%&'()-CDDTFE$ICTD;C9!CE!*@(:0)3!O+!P6-/B!&9!,1)3)A61!-0('1.:)'3!'<!36(61!6(@0-M)11'()(!<'11'Q)3M!:>0-6@B!Q):>!6!>'?0'@6:>)A!-0?0/B!)3!6!/'M9!6-B#-B72#-!":%-B::"3!CD""FSTG$HI0""D;^9!#D!_6A'7(!_+!_)?0304!2K+!51'B0!OO+!5610!_2+!,-':>0-(!89!:-06:?03:!'<!6A.:0!A>)1/>''/!/)6-->06!Q):>!>'?0'@6:>)A!?0/)A)30I!6!-63/'?)40/!A1)3)A61!:-)61!)3!N)A6-6M.69!.$=2&'523:!"EESFE#G^HIT"E;C^!#"!,>6@?63!*P+!J0)3:-6.7!&_+!K)17.-3!KZ+!V)-'44)!]d+!J''!*9!P'?0'@6:>)A!:-06:?03:!'<!?)1/!:-6.?6:)A!7-6)3!)3Y.-BI!Z!-63/'?)40/+!/'.710;71)3/+!@16A07';A'3:-'110/!A1)3)A61!:-)619!6-!$&=-D5&/#&-9$(&021!"EEEF"SG$HI^C";SC9!#C!]0--B!&+!V0--B!&+!*-3(:!*9!Z3!'=0-=)0Q!'<!(B(:0?6:)A!-0=)0Q(!'<!A'?@10?03:6-B!63/!61:0-36:)=0!?0/)A)30!<'-!<)7-'?B61M)69!,127-9($/#&'"1!CD"CF#"G"HI^^;$9!##!W011![&+!20Q)(!8Z!C3/+!OA>Q6-:4!5*+!20Q)(!O*+!,6(@)!d+!OA'::!Z+!W-''L(!Z_+!W61/Q)3!,K9!*10A:-'03A0@>61'M-6@>)A!A'-/63A0!@6::0-3(!/)(:)3M.)(>!0gA0@:)'361!A1)3)A61!-0(@'3/0-(!Q):>!<)7-'?B61M)6!:'!)3/)=)/.61)40/!>'?0'@6:>)A!?0/)A)30(9!6-B1'$57-,"#%1$#$7'-+$=!CDDSF!"DGCHIC%^;EE9!#S!W011![&+!20Q)(!8Z!C3/+!W-''L(!Z_+!OA>Q6-:4!5*+!20Q)(!O*+!,6(@)!d+!,.33)3M>6?!`+!W61/Q)3!,K9![3/)=)/.61!/)<<0-03A0(!)3!-0(@'3(0!:'!-63/'?1B!6(()M30/!6A:)=0!)3/)=)/.61)40/!>'?0'@6:>)A!63/!@16A07'!:-06:?03:!)3!<)7-'?B61M)6I!)?@1)A6:)'3(!'<!6!/'.710;71)3/0/!'@:)'361!A-'(('=0-!/0()M3L-6-B1'$57-,"#%1$#$7'-+$=!CDDSF"DGCHIC$E;%#9!

! ""!

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h@-'=)3Mh!<'-!W0116/'336!,#D9!6"/57&1-"?-'($-9")&1-<"32$')-"?-+$=2327$9!"EE%FE"G""HI^TEf%C9!S#!\)(>0-!V+!863:6(!\9!P'?0'@6:>)A!@6:>'M030:)A!:-)61(!'<!ZA)/.?!?61)A.?!63/!ZA)/.?!6(A'-7)A.?9!*52'2:(-6"/57&1-"?-!"#$"%&'()9!CDD"FEDI""%fC^9!SS!K6:>)0!&]+!P6AL0!8+!63/!,16.(03!_9!&63/'?)(0/!A'3:-'110/!:-)61(!'<!=0:0-)36-B!>'?0'@6:>BI!,>6-6A:0-)()3M!:>0!@00-;-0=)0Q0/!-0(06-A>!1):0-6:.-0!<'-!(B(:0?6:)A!-0=)0Q9!!"#$"%&'()-CD"CF"D"I"E$;CD#!S^!&0)(!2O+!V6-/'!V*+!d76!*+!U-'3L6!O/'!N+!\-646::);5611)36!NK9!K6:-)A6-)6!A>6?'?)116!,P"C!/0A-06(0(!>63/1)3M!(:-0((!)3!N01'-0!A61=0(9-6-I$'-<32-CDD$FTGCHI"%E;EC9!S$!P0L:'03!2+!26-(03!O+!d/0M66-/!OZ+!2'L03!]9!,'?@6-)('3!'<!>'?0'@6:>B+!@16A07'!63/!63:)7)':)A!:-06:?03:!'<!A1)3)A61!?6(:):)(!)3!/6)-B!A'Q(;?0:>'/'1'M)A61!)((.0(!63/!-0(.1:(!<-'?!6!-63/'?)40/;A1)3)A61!:-)619!6-I$'-+$=-B-.():2"1-.&'("1-,127-+$=!CDDSF^"GE;"DHIS#E;S$9!ST!2':<'116>46/0>!O+!Z1)46/0>!K&+!K'>-)!K+!K'L>70-!804<'.1)!K&9!]>0!:>0-6@0.:)A!0<<0A:!'<!]6-03:.16!A.703()(!0g:-6A:!G]>0-630L-'3H!)3!<'':;63/;?'.:>!/)(06(0!)3!A6::10I!6!-63/'?)40/!:-)61!)3!63!03/0?)A!(0::)3M9!!"#$"%&'()!CD"CF"D"G#HI"^E;$S9!S%!W6-7'.-!*U+!O6M>0-)63!`+!]61>'.L!O+!]61>'.L!&+!\6--63!K]+!O10)?63!\]+!P6-6L0>!O9!*=61.6:)'3!'<!>'?0'@6:>B!)3!7-')10-!A>)AL03(!0g@'(0/!:'!1)=0!=)-61!=6AA)30(!63/!6/?)3)(:0-0/!,6103/.16!'<<)A)361)(!0g:-6A:9!+$=-<32-+"72'!CDDS!Z.MF"DG%HIW&C%";^9!!SE!N0.?633!O+!O:'1:!V+!W-6.3!5+!>011?633!U+!&0)3>6-:!*9!*<<0A:)=030((!'<!:>0!>'?0'@6:>)A!@-0@6-6:)'3!b001!A'?@6-0/!Q):>!A6-@-'<03!)3!/'M(!Q):>!'(:0'6-:>-):)(9!6-B#-B72#-!":%-B::"3!CD""FSTG"HI"C;CD9!^D!_6A'7(!_+!J)11)6?(!Z;2+!5)-6-/!,+!NY)L0!`X+!U6:4!89!P'?0'@6:>B!<'-!6::03:)'3;/0<)A):j>B@0-6A:)=):B!/)('-/0-I!6!@)1':!-63/'?)40/;A'3:-'110/!:-)619!6"/57&1-"?-B1'$57&'2C$-&7=-,"#%1$#$7'&5)-+$=2327$!CDD^F""ITEEf%D$9!^"!\-0)!P+!*=0-:!&+!0:!619!&63/'?)(0/!A'3:-'110/!:-)61(!'<!>'?0'@6:>B!)3!>B@0-6A:)=0!A>)1/-03I!:-06:?03:!@-'A0/.-0!106/(!:'!63!.3A'3=03:)'361!(:./B!/0()M39!*g@0-)03A0!

! "C!

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e3:030-!U+!N6-:0B!2+!_.3)!V+!8'-)M!O+!O:0-30!_Z+!0:!619!Z-0!:>0!A1)3)A61!0<<0A:(!'<!>'?'0'@6:>B!@16A07'!0<<0A:(R!,'?@6-6:)=0!(:./B!'<!@16A07';A'3:-'110/!:-)61(!'<!>'?'0'@6:>B!63/!611'@6:>B9!;&73$'!CDD^F#$$ITC$f#C9!^^!J616A>!P+!2)3/0!U+!*)A>0370-M0-!&+!O:61/0-!P+!U-)(:03(03!\W+!U10)Y303!_9!O.??6-B!,'3(03(.(!O:6:0?03:!'<!:>0!V*U!&0=)0Q!W'6-/!-0M6-/)3M!:>0!V*U!@-'A0((!63/!:>0!V*U!@-'/.A:(9!CDD^9!CT:>!O0@:0?70-!CDD^9!^$!W'-3>'<:!5+!J'1<!c+!='3!Z??'3!U+!&)M>0::)!K+!K6g)'3;W0-M0?633!O+!W6.?M6-:30-!O+!]>.-30B(03!Z*+!K6::>)0((03!V\9!*<<0A:)=030((+!(6<0:B!63/!A'(:;0<<0A:)=030((!'<!>'?0'@6:>B!)3!M030-61!@-6A:)A0;!(.??6-)40/!>061:>!:0A>3'1'MB!6((0((?03:9!@"5:3(-A"#%1$#$7'#$=-CDD$F"#!O.@@1!CI"E;CE9!^T!O@03A0!8!O+!]>'?@('3!*!Z+!W6--'3!O!_9!P'?0'@6:>)A!:-06:?03:!<'-!A>-'3)A!/)(06(0I!6!$;B06-!.3)=0-():B;>'(@):61!'.:@6:)03:!'7(0-=6:)'361!(:./B9!6"/57&1-"?-B1'$57&'2C$-&7=-,"#%1$#$7'&5)-+$=2327$!CDD^F""ITE#;%9!^%!!O>6-@10(!\+!=63!P6(0103!&+!\)(>0-!V9!NPO!@6:)03:(h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d.:A'?0!-016:0/!:'!)?@6A:!'3!/6)1B!1)=)3MI!@-01)?)36-B!=61)/6:)'3!'<!:>0!d&[82!)3(:-.?03:9!*+,-!$&1'(-<$5C-9$:!CDDTFTI!"#E9!$#!&)A>6-/('3!J!&9!V6:)03:!7030<):!(.-=0BI!2)=0-@''1!&0M)'361!80@6-:?03:!'<!P'?0'@6:>)A!?0/)A)309!*52'2:(-!"#$"%&'(23-6"/57&1-CDD"FED"^%;$C9!$S!]-)A>6-/!?+!,>6.<<0-)3!5+!N)A'1'B633)(!N9!V>6-?6A'0A'3'?)A!A'?@6-)('3!70:Q003!>'?0'@6:>)A!63/!63:)7)':)A!:-06:?03:!(:-6:0M)0(!)3!-0A.--03:!6A.:0!->)3'@>6-B3M):)(!)3!A>)1/-039!!"#$"%&'()!CDD^FESG"HI#;E9!$^!J)::!,+!U0)1!]+!O01)?!8+!0:!619!d.:A'?0!63/!A'(:(!'<!>'?'0'@6:>)A!63/!A'3=03:)'361!:-06:?03:!(:-6:0M)0(F!6!A'?@6-6:)=0!A'>'-:!(:./B!)3!@6:)03:(!Q):>!A>-'3)A!/)('-/0-(9!,"#%1$#$7'-D($5-+$=!CDD^F"#GCHITE;%$9!$$!O:./0-!PV+!W.(6:'!Z9!,'?@6-)('3!'<!OQ)((!76()A!>061:>!)3(.-63A0!A'(:(!'<!A'?@10?03:6-B!63/!A'3=03:)'361!?0/)A)309!@"5:3(-A"#%1$#$7'#$=!CD""F"%G$H#"^;CD9!$T!]0.:!K+!2./:L0!&+!OA>36701!U+!J)11)A>!ON+!J)::!,K9!P'?0'@6:>)A!:-06:?03:!'<!01/0-1B!@6:)03:(i6!@-'(@0A:)=0!'7(0-=6:)'361!(:./B!Q):>!<'11'Q;.@!'=0-!6!:Q'!B06-!@0-)'/9!*+,-E$52&'5!CD"DF"DI"D9!

! "#!

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`0/-)36;8-6M'Y0=)a![+!8-6M.3!b+!]'?)a!O+!V.3:6-)a!89!V-01)?)36-B!)3=0(:)M6:)'3!'<!?0:61!63/!?0:611')/!A'3:6?)36:)'3!'<!>'?0'@6:>)A!@-'/.A:(!?6-L0:0/!)3!,-'6:)69!!"#$"%&'()-CD"DFEEG#HI"%#;%9!T$!X'.3M!KZ+!['633)/)(+!_VZ+!Z1;c76B/1)!d9!J>B!A.--03:[email protected])A6:)'3!@-6A:)A0(!?6B!/)(:'-:!(A)03A09!.;"<-+$=!CDD%F^G"DHI0CD"!