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&0D =>0-N./0 50S5 6056 1@5 D<-5 A1465;5@506 5<0 -J>00N045 .05D004 5<0 =->5;06 -4? <1D -4M A142/;A5 12 A14?;5;146 6<1@/?.0 ?0-/5 D;5< ;4 50>N6 12 5<0 N-;4 .1?M 12 5<0 A145>-A5H -6 N-M .0 -N04?0?H ;4A/@?;4J -4M -??;5;14-/ A/-@606 1> >;?0>6

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3/-@60 9 <-6 .004 0S=-4?0? 51 A1461/;?-50 >0/-50? =>1C;6;146 =>0C;1@6/M 21@4? ;4 60=->-50 A/-@606 ;4 &*#! f^_H 6@A< -6'>-?;4J $;N;56 K21>N0>/M 3/-@60 :LH E0>5<6 K21>N0>/M 3/-@60 97L -4? ,@./05 K21>N0>/M 3/-@60 9bLQ '<0 .0>5<;4J =>1C;6;14612 [email protected]/-@60 9KAL A145-;4 5<0 A<->50>0>6f @6@-/ 6-20 .0>5<d6-20 =/-A0 D->>-45MH .@5 41D -/61 ;4A/@?0 - >020>04A0 51

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K?L '<0 R0660/ ?@>;4J /1-?;4J -4?d1> ?;6A<->J;4J N-M /;0 6-20/M -J>1@4? -5 -4M 6-20 .0>5< 1> 6-20 =/-A0 D<0>0 ;5 ;6 A@651N->M 21>C0660/6 12 6;N;/-> 6;h0H A1465>@A5;14 -4? 5M=0 51 /;0 -5 5<0 21//1D;4J ->0-6d=1>56 K7; 427- -C'1+ 7- (+;4 @(',9 42+, 427- -3@D1('3-+ Q"). -2'(( ,$4 'CC(R LH ;2 61 >0e@0650? .M 5<0 3<->50>0>6H =>1C;?0? ;5 A-4 ?1 61 D;5<1@5 6@220>;4J ?-N-J0Q

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&0D 51 5<0 -J>00N045 ;6 5<0 ;4A/@6;14 12 -4 1=5;14-/ &%%E,% =>1C;6;14 K&15 %/D-M6 %2/1-5 E@5 ,-20/M %J>1@4?LQ '<0A/-@60 J;C06 5<0 A<->50>0>6 5<0 >;J<5 51 1>?0> 5<0 6<;= 51 /;0 6-20/M -J>1@4? ?@>;4J /1-?;4J -4?d1> ?;6A<->J;4J @4?0> 5<06=0A;2;0? A14?;5;146Q Y1D0C0>H 5<0 =->5;06 N@65 -J>00 2>1N 5<0 1@5605 12 5<0 A<->50> ;2 5<0 6<;= ;6 A-=-./0 12 /M;4J -J>1@4?-4?H ;2 61H 5<0 =/-A06 D<0>0 ;5f6 =0>N;550? 51 /;0 -J>1@4?Q F2 5<0 =->5;06 ?1 415 ;?045;2M 5<0 =/-A06 ;4 D>;5;4J ;4 [email protected]/-@609K?L 5<04 5<0 A/-@60 D;// 415 -==/MQ '<0 =>1C;6;14 <-6 .004 =<>-60? ;4 5<;6 D-M .0A-@60 12 5<0 =15045;-/ A/-66 -4?

;46@>-4A0 ;N=/;A-5;146 21> 1D40>6 ;4 -J>00;4J 51 -//1D 5<0;> 6<;= 51 /;0 -J>1@4? -5 6=0A;2;0? =/-A06H D<;A< 5<0M 6<1@/?A146;?0> 14 - A-60B.MBA-60 .-6;6Q % &%%E,% =>1C;6;14 ;6 ;4A/@?0? ;4 &*#! f`a K3/-@60 aLH .@5 D-6 ?>1==0? 2>1N 5<0 f^_>0C;6;14Q F5 <-6 .004 >0B;45>1?@A0? .0A-@60 5<0 =>-A5;A0 12 /M;4J -J>1@4? D<;/0 /1-?;4J ;6 65;// A1NN14 ;4 J>-;4 5>-?06 -4?>0N-;46 -4 ;N=1>5-45 =>1C;6;14 21> 5<160 ;4C1/C0? ;4 6@A< 5>-?06H .@5 D;5< - 60=->-50 ;4?0N4;5M =>1C;6;14 -??0?Q

K0L ,@./05 B '<0 3<->50>0>6 6<-// <-C0 5<0 /;.0>5M 51 6@./05 5<0 R0660/ 21> -// 1> -4M =->5 12 5<0 5;N0 A1C0>0? .M 5<;6 3<->50> #->5MH .@55<0 3<->50>0>6 >0N-;4 >06=146;./0 21> 5<0 2@/2;//N045 12 5<;6 3<->50> #->5MQ

'<0 6@./05 =>1C;6;14 <-6 .004 A->>;0? 5<>1@J< 2>1N &*#! f`a -4? f^_ K3/-@60 9bL D;5<1@5 -N04?N045Q F5 J;C06 5<0A<->50>0>6 5<0 >;J<5 51 [email protected]<->50> 5<0 6<;= KC1M-J0 1> 5;N0L .M 0450>;4J ;451 - A145>-A5 D;5< 5<0 [email protected]<->50>0>6Q '<01D40>6 D;// 415 .0 - =->5M 51 -4M [email protected]<->50> .@5 N-M <-C0 - A145>-A5@-/ >0/-5;146<;= 51 [email protected]<->50>0>6 @4?0> .;//6 12 /-?;4J5<-5 ->0 ;66@0? @4?0> 5<0 [email protected]<->50>Q

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&15-./0 -N04?N0456 <-C0 .004 N-?0 51 5<0 ?0/;C0>M =>1C;6;146 12 3/-@60 7Q F4 &*#! f`a -4? f^_ 5<0 1D40>6 ->0 1./;J0?51 ?0/;C0> 5<0 6<;= -5 5<0 ?0/;C0>M =1>5 1> =/-A0 ;4 - 60-D1>5<M A14?;5;14H >0-?M 51 >0A0;C0 A->J1Q Y1D0C0>H ;5 ;6 415@4A1NN14 =>-A5;A0 21> 6<;=6 51 .0 ?0/;C0>0? -5 140 =/-A0 .@5 5<0 2;>65 A->J1 51 .0 /1-? -5 -415<0> =/-A0Q '<0 ?0/;C0>M=>1C;6;146 12 &*#! f`a -4? f^_ ->0 12504 -N04?0? 51 5-I0 5<;6 =>-A5;A0 ;451 -AA1@45Q '1 -C1;? 5<0 400? 21> 6@A<-N04?N0456H 5<0 789: 0?;5;14 6=/;56 5<0 1D40>6f 1./;J-5;14 51 ?0/;C0> 5<0 6<;= ;4 - 60-D1>5<M A14?;5;14 2>1N 5<0 1D40>6f1./;J-5;14 ;4 >0/-5;14 51 A->J1 >0-?;4066Q '<0 =->5;06 <-C0 5<0 1=5;14 0;5<0> 51 -J>00 5<-5 5<0 6<;= D;// .0 ?0/;C0>0? >0-?M 51>0A0;C0 A->J1H 1> 5<-5 ;5 D;// .0 >0-?M 51 >0A0;C0 A->J1 -5 5<0 2;>65 /1-?;4J =1>5 ;2 ?;220>045 2>1N 5<0 ?0/;C0>M =/-A0Q

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21@4? ;4 &*#! f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,@.BA/-@60 KAL =>1C;?06 5D1 -/50>4-5;C06 -6 51 D<04 5<0 1D40>6f 1./;J-5;14 51 =>1C;?0 5<0 6<;= >0-?M 51 >0A0;C0 A->J16<1@/? -==/MQ F5 ;6 ;N=1>5-45 5<-5 =->5;06 N-I0 - A->02@/ 60/0A5;14 -4? ?0/050 5<0 1=5;14 415 51 -==/MQ F2 =->5;06 1C0>/11I 5<;[email protected]/-@60 5<04 5<0 1D40>6H .M ?02-@/5H D;// .0 @4?0> - 65>;A5 1./;J-5;14 51 ?0/;C0> 5<0 6<;= -5 5<0 ?0/;C0>M =/-A0 >0-?M 51>0A0;C0 A->J1Q F5 6<1@/? .0 4150? 5<-5 ;2 5<0 A<->50>0>6 <-C0 ;4?;A-50? -4 ;4504?0? 2;>65 A->J1H 5<0 1D40>6f 1./;J-5;14 ;6 51N-I0 6@>0 5<0 <1/?6 ->0 A/0-4 51 5<0 65-4?->? >0e@;>0? 12 5<-5 =->5;A@/-> A->J1Q F2 5<0 6<;= <-6 .004 5>-?;4J A1-/ A->J106=>;1> 51 ?0/;C0>M -4? 5<0 5;N0 A<->50>0>6 ;4504? 5<0 2;>65 A->J1 -/61 51 .0 A1-/H 5<04 5<0 1D40>6 6<1@/? 415 .0 @4?0> - .>1-?1./;J-5;14 51 N005 <1/? A/0-4/;4066 65-4?->?6 21> 5<0 2;>65 C1M-J0 5<-5 0SA00? 5<0 >0e@;>0N0456 21> 5<0 ;4504?0? 5>-?0QY1D0C0>H ;2 5<0 5;N0 A<->50>0>6 <-C0 415 ;4?;A-50? 5<0 ;4504?0? 2;>65 A->J1H 5<04 5<0 1D40>6 N@65 =>06045 5<0 C0660/ D;5<<1/?6 A/0-40? 51 5<0 65-4?->?6 >0e@;>0? 12 -4M 12 5<0 A->J106 =0>N;550? @4?0> 5<0 A<->50> =->5MQ F4 =>-A5;A-/ 50>N6H 5<;6 D;//12504 N0-4 J>-;4 65-4?->? A/0-4/;4066Q

j4?0> 1=5;14 KALK;;LH 5<0 6<;= D;// .0 =/-A0? 122B<;>0 2>1N 5<0 5;N0 12 5<0 2-;/0? ;46=0A5;14 @45;/ 5<0 6<;= =-6606 [email protected]@045;46=0A5;14Q '<0 A<->50>0>6f @6@-/ >;J<5 51 <-C0 5<0 1=5;14 12 A-4A0//;4J 5<0 A<->50> =->5M ;2 5<0 6<;= ;6 415 ?0/;C0>0? .M 5<0A-4A0//;4J ?-50 -==/;06 14/M ;4 >0/-5;14 51 1=5;14 K;LQ F2 1=5;14 K;;L <-6 .004 0/0A50? 5<0 3<->50>0>6f 14/M >0N0?M ;2 5<0 <1/?6

->0 415 ;4 - A145>-A5@-/ A14?;5;14 14 ->>;C-/ -5 5<0 2;>65 /1-?;4J =1>5 ;6 122B<;>0QF5 6<1@/? .0 4150? 5<-5 5<0 \!S5046;14 12 3-4A0//;4J] =>1C;6;14 12 3/-@60 9a KX0/;C0>Md3-4A0//;4JL 2;>65 ;4A1>=1>-50? ;4&*#! f^_ <-6 415 .004 ;4A/@?0? ;451 5<0 40D 0?;5;14Q '<;6 61BA-//0? \;450>=0//-5;14 A/-@60]H D<;A< ;6 A1NN14/M 21@4? ;4N-4M EFG3( C1M-J0 -4? 5;N0 A<->50> =->5;06H >0e@;>06 5<0 1D40>6 51 415;2M 5<0 A<->50>0>6 ;4 -?C-4A0 12 -4M \@421>06004]?0/-M 51 5<0 6<;= .0M14? 5<0 A-4A0//;4J ?-50 -4? 51 J;C0 -4 0S=0A50? ?-50 12 ->>;C-/Q F4 >05@>4H 5<0 A<->50>0>6 ->0 >0e@;>0?51 ?0A/->0 ;4 -?C-4A0 12 5<0 6<;= ->>;C;4J -5 5<0 ?0/;C0>M =/-A0 D<05<0> 1> 415 5<0M D;// A-4A0/ 5<0 A<->50> =->5MQ F2 5<0A<->50>0>6 ?0A;?0 415 51 A-4A0/ 1> 6;N=/M 2-;/ 51 >06=14?H 5<04 5<0 /-50> ->>;C-/ ?-50 J;C04 .M 5<0 1D40>6 .0A1N06 5<0 40DA-4A0//;4J ?-50Q

'<0 ;45045;14 .0<;4? 5<;6 A/-@60 ;6 5<-5 ;5 6<1@/? .0 12 =>-A5;A-/ -4? A1NN0>A;-/ .0402;5 .15< 51 A<->50>0>6 -4? 1D40>6Q '<0.0402;5 51 5<0 1D40>6 ;6 5<-5 5<0M ->0 15<0>D;60 /0J-//M 1./;J0? 51 504?0> 5<0 6<;= 21> ?0/;C0>M -250> =0><-=6 - /14J .-//-65C1M-J0 I41D;4J 5<0M A-4415 N-I0 5<0 A-4A0//;4J ?-50Q O1> 5<0 A<->50>0>6 ;5 =>1C;?06 -4 -?C-4A0 D->4;4J 12 - =15045;-/?0/-M 51 5<0 6<;= -4? J;C06 5<0N 5<0 1==1>5@4;5M 0;5<0> 51 N-I0 ->>-4J0N0456 21> 5<0 ?0/-M0? ->>;C-/ 1> 51 600I -4-/50>4-5;C0 6<;=Q

'<0 >0-614 21> 415 ;4A/@?;4J 5<0 \!S5046;14 12 3-4A0//;4J] D1>?;4J ;4 &*#! 789: ;6 5<-5 A<->50>0>6f >0=>06045-5;C06;4C1/C0? ;4 5<0 >0C;6;14 =>1P0A5 20/5 5<-5 ;5 D1@/? .0 =->5;A@/->/M ?;22;A@/5 21> A<->50>0>6 @4?0> - 5>;= A<->50> -J>00N045 51A<-4J0 -5 6<1>5 415;A0 5<0 ->>-4J0N0456 -/>0-?M ;4 =/-A0 21> 5<0 A->J1 ;4 50>N6 12 @4?0>/M;4J 6-/06 A145>-A56 -4? /0550>6 12A>0?;5Q '<0M -/61 20/5 5<-5 ;4 50>N6 12 <;J</;J<5;4J - =15045;-/ ?0/-M 51 5<0 6<;= 04 >1@50 51 5<0 ?0/;C0>M =/-A0H 5<04 C0660/5>-AI;4J N05<1?6 -4? N1>0 65>;4J045 05-d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3  "#$% !'() %*$+,",-./# ".-%0 

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5  "#$% !'() %*$+,",-./# ".-%0 

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=1>5 A<->J06 K;4A/@?;4J A1N=@/61>M J->.-J0 ?;6=16-/LH A1N=@/61>M J-4JD-M D-5A<N04 -4? A->J1 D-5A<N04H A1N=@/61>M -4?d1>A@651N->M =;/15-J06H A-4-/ ?@06H 51D-J06H -J04A;06H A1NN;66;146H A146@/-> A<->J06 K0SA0=5 5<160 =0>5-;4;4J 51 ;4?;C;?@-/ A>0DN0N.0>6 1> 2/-J 12 5<0 R0660/LH -4? -// 15<0> @6@-/ 0S=04606 0SA0=5 5<160 65-50? ;4 3/-@60 aH .@5 D<04 5<0 R0660/ =@56 ;451 -=1>5 21> A-@606 21> D<;A< 5<0 R0660/ ;6 >06=146;./0 K15<0> 5<-4 .M 65>066 12 D0-5<0>LH 5<04 -// 6@A< A<->J06 ;4A@>>0? 6<-// .0 =-;?.M 5<0 (D40>6Q

 % 20D 415-./0 -N04?N0456 <-C0 .004 N-?0 51 5<0 /;65 12 ;50N6 5<-5 5<0 A<->50>0>6 N@65 =-M 21> D<;/0 5<0 6<;= ;6 14 <;>0Q'<0 >020>04A0 51 5<0 A<->50>0>6f 1./;J-5;14 51 =-M 21> \=;/15-J06] 21@4? ;4 3/-@60 7 12 5<0 f`a 0?;5;14 -4? 3/-@60 k 12 5<0f^_ 0?;5;14 <-6 .004 A/->;2;0? 61 5<-5 ;5 41D 65-506 5<-5 5<0 1./;J-5;14 -==/;06 415 P@65 51 A1N=@/61>M =;/15-J06 .@5 -/61 51A@651N->M =;/15-J06Q F4 -??;5;14H 5<0 A<->50>0>6 ->0 1./;J0? 51 =-M 21> A-4-/ ?@06 ;4A@>>0? ?@>;4J 5<0 A<->50> =0>;1?Q j4?0>=>0C;1@6 0?;5;146 12 &*#! A-4-/ ?@06 D1@/? N165 /;I0/M <-C0 .004 A1C0>0? .M \15<0> @6@-/ 0S=04606] l <1D0C0>H 21> 5<0-C1;?-4A0 12 [email protected] 5<0 ;50N <-6 .004 -??0? 51 5<0 /;65 12 A<->50>0>6f 1./;J-5;146Q

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