kAm%96 92CD9 ?6HDi tG6? :7 >@CE8286 C2E6D 72==[ E96J AC@323=J H@?VE 564=:?6 >F49] %92E H:== C6DEC:4E 277@C523:=:EJ 7@C 3FJ6CD[ 2?5 D@>6 9@>6@H?6CD H:== <66A E96:C 9@>6D @77 E96 >2C<6E 2D =@?8 2D >@CE8286 C2E6D C6>2:? 6=6G2E65]k^Am

kAmw6C6VD 2 4962E D966E 7@C 3FJ:?8 @C D6==:?8 2 9@>6 😕 a_ad W@C 5@:?8 3@E9X[ 2=@?8 H:E9 25G:46 7C@> DF446DD7F= C62= 6DE2E6 286?ED]k^Am

k9amu@=@CE8286 C2E6Dk^9am

kAmqFJ6CD 92G6 @?6 @G6CC:5:?8 BF6DE:@? 7@C a_adi Qr2? x 7:?5 2 9@>6 x 42? 277@C5nQ %9C66 @E96C BF6DE:@?D =FC< :?D:56 E92E @?6i (92E H:== 92AA6? E@ >@CE8286 C2E6Dn (92E H:== 92AA6? E@ 9@>6 AC:46Dn (:== x 7:?5 2 H:56\6?@F89 D6=64E:@? @7 9@>6Dnk^Am

kAmu:CDE[ k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^4FCC6?E\:?E6C6DE\C2E6DnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm>@CE8286 C2E6Dk^2mi %96 b_\J62C >@CE8286 C2E6 DA6?E >F49 @7 a_ac 23@G6 e]dT[ @442D:@?2==J D9:>>J:?8 23@G6 fT] u@C >@DE @7 E96 J62C[ 7@C642DE6CD 6IAC6DD65 4@?7:56?46 E92E C2E6D H@F=5 72== 36=@H eT 😕 a_ad] qFE D:?46 E96 6=64E:@?[ 7@C642DE6CD 92G6 368F? C6G:D:?8 E96:C >@CE8286 C2E6 AC65:4E:@?D FAH2C5] %96JVC6 7@C>:?8 2 4@?D6?DFD E92E >@CE8286 C2E6D H:== C6>2:? 23@G6 eT 😕 a_ad]k^Am

kAm|@CE8286 C2E6D A2C<65 E96>D6=G6D 36=@H dT 7@C “ J62CD 7C@> u63CF2CJ a_“ E@ pAC:= a_aa[ 2?5 9@>6 3FJ6CD 2?5 C67:?2?46CD 8C6H 244FDE@>65 E@ E96 7C:6?5=J C2E6 6?G:C@?>6?E] qFE H6VC6 6?E6C:?8 H92E >@C6 E92? @?6 4@>>6?E6C 42==65 E96 Q?6H ?@C>2=]Q %6CC: #@3:?D@?[ 2 C62= 6DE2E6 286?E H:E9 #6^|2I s:DE:?4E:G6 😕 pD93FC?[ ‘:C8:?:2[ D2JD 3FJ6CD Q2C6 86EE:?8 FD65 E@ E96 ?6H ?@C>2= 😕 E6C>D @7 H92E :?E6C6DE C2E6D 2C6 — 2?5 E96JVG6 DE@AA65 =@@<:?8 7@C E92E bT F?:4@C?]Qk^Am

k9am!C:46D D9@F=5 C:D6[ 3FE ?@E 3J 2 E@?k^9am

kAm(96? :E 4@>6D E@ 9@>6 AC:46D[ H6 E2=< @7 DFAA=J 2?5 56>2?5] x? a_ac[ 3FJ6CD BF:4<=J >256 @776CD H96? >@CE8286 C2E6D 5C@AA65 E@ 2C@F?5 e]adT @C =@H6C] s6>2?5 4@@=65 H96? C2E6D 4=:>365 23@G6 E92E] pD C2E6D C@D6[ 9@>6D =:?86C65 @? E96 >2C<6E] p44@C5:?8 E@ p=E@D #6D62C49[ E96C6 H6C6 agT >@C6 9@>6D @? E96 >2C<6E 😕 E96 7:CDE H66< @7 }@G6>36C E92? E96 D2>6 H66< 2 J62C 367@C6] w:896C :?G6?E@CJ 36?67:ED 3FJ6CD 3642FD6 E96J 92G6 >@C6 AC@A6CE:6D E@ 49@@D6 7C@>]k^Am

kAms6>2?5 7@C 9@>6D DE:== 6I4665D E96 DFAA=J[ 3FE E96 :>32=2?46 :D?VE 2D 24FE6 2D :E FD65 E@ 36] %9:D >62?D 9@>6 AC:46D H:== <66A C:D:?8 😕 a_ad[ 3FE AC@323=J ?@E 3J 2 =@E[ 6DA64:2==J H9:=6 >@CE8286 C2E6D C6>2:? 23@G6 e]adT]k^Am

kAmw@>6 AC:46D >:89E 2446=6C2E6 H96?6G6C >@CE8286 C2E6D 5C@A ?@E:4623=J[ 2D 3FJ6CD 86E @77 E96 D:56=:?6D 2?5 DE2CE 3:55:?8 282:?DE @?6 2?@E96C 7@C E96 =:>:E65 DFAA=J @7 9@>6D 2G2:=23=6]k^Am

k9am%96 9@FD:?8 D9@CE286 >2J 62D6k^9am

kAm*@F 42? EC246 E96 D9@CE286 @7 9@>6D E@ 2 4@FA=6 @7 724E@CD] u:CDE[ 3F:=56CD 92G6?VE 4@?DECF4E65 6?@F89 9@FD6D 2?5 2A2CE>6?ED 😕 E96 =2DE `g J62CD @C D@] $64@?5[ >2?J 9@>6@H?6CD <66A E96:C 9@>6D @77 E96 >2C<6E 3642FD6 E96J C67:?2?465 :?E@ >@CE8286D H:E9 F=EC2=@H C2E6D 😕 a_a_ 2?5 a_a`] p=>@DE 92=7 @7 @FEDE2?5:?8 >@CE8286 563E 92D 2? :?E6C6DE C2E6 @7 b]dT @C =@H6C[ 244@C5:?8 E@ E96 &C32? x?DE:EFE6]k^Am

kAm%96D6 9@>6@H?6CD @H E92E :7 E96J D6==[ E96J H@F=5 A2J 2 >F49 9:896C :?E6C6DE C2E6 @? E96:C ?6IE 9@>6] %9:D 5J?2>:4[ @H? 2D k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^E96\AC@A6CEJ\=:?6\>2J\a_aanFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQmC2E6 =@4<\:?k^2m[ AC6G6?E65 g__[___ 9@>6@H?6CD 7C@> D6==:?8 E96:C 9@>6D 😕 E96 `d >@?E9D 36EH66? E96 D64@?5 BF2CE6C @7 a_aa 2?5 E96 E9:C5 BF2CE6C @7 a_ab[ 244@C5:?8 E@ 2 H@C<:?8 A2A6C AF3=:D965 😕 }@G6>36C 3J E96 }2E:@?2= qFC62F @7 t4@?@>:4 #6D62C49]k^Am

kAm$E24J w6??6DD6J[ 2 C62= 6DE2E6 286?E H:E9 |4t?62C?6J pDD@4:2E6D 😕 u2==D r9FC49[ ‘:C8:?:2[ D66D D:8?D E92E C2E6 =@4<\:? H62<6?D @G6C E:>6] Q!6@A=6 2C6 86EE:?8 FD65 E@ E96 9:896C :?E6C6DE C2E6D] !6@A=6 H2?E E@ >@G6[Q D96 D2JD] Q$@ x E9:?< A6@A=6 2C6 ;FDE 8@:?8 E@ 42CCJ @? H:E9 E96:C A=2?D 2?5 DE2CE AFEE:?8 E96:C 9@FD6D @? E96 >2C<6E]Qk^Am

kAm#@3:?D@?[ E96 286?E 😕 pD93FC?[ ‘:C8:?:2[ 25G:D6D D6==6CD E@ E9:?< =6DD 23@FE E96 =@H >@CE8286 C2E6 E96JVC6 8:G:?8 FA[ 2?5 >@C6 23@FE E96 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^9@>6\6BF:EJ\6IA=2:?65\>2EE6CDnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm9@>6 6BF:EJk^2m E96JVG6 3F:=E] %96 >@?E9=J A2J>6?E @? E96 ?6IE 9@FD6 Q>2J 36 E96 D2>6 @C =6DD[ 56A6?5:?8 @? 9@H >F49 6BF:EJ J@F 92G6 2?5 9@H >F49 @7 E92E J@F H2?E E@ FD6 E@ AFE 5@H? @? J@FC ?6IE 9@FD6[Q D96 D2JD]k^Am

k9am~E96C 724E@CD 27764E:?8 E96 9@FD:?8 >2C<6Ek^9am

kAmxEVD E@@ 62C=J E@ 8F6DD 9@H E96 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^7:?2?46^ECF>A\H:?D\A6CD@?2=\7:?2?46\64@?@>JnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm%CF>A 25>:?:DEC2E:@?VD A@=:4:6Dk^2m H:== 27764E 9@FD:?8 😕 a_ad] ~?6 AC@A@D2=[ E@ 2==@H 9@FD:?8 @? =2?5 @H?65 3J E96 7656C2= 8@G6C?>6?E[ 😀 F?=:<6=J E@ C6DF=E 😕 E96 4@?DECF4E:@? @7 C625J\E@\>@G6\:? 9@>6D 3J E96 6?5 @7 a_ad] }6H 9@FD:?8 56G6=@A>6?ED ;FDE 5@?VE 86E 3F:=E E92E 72DE]k^Am

kAm&?56C 2 ?6H CF=6 E92E H6?E :?E@ 67764E 😕 pF8FDE[ 9@>6 3FJ6CD 2C6 ?@H C6DA@?D:3=6 7@C k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^AC@A6CEJ\=:?6\3FJ6C\286?E\4@?EC24EDnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQmD6EE:?8 E96:C @H? 286?EDV 4@>>:DD:@?Dk^2m] W!C6G:@FD=J[ D6==6CD 564:565 9@H >F49 3FJ6CDV 286?ED H@F=5 36 A2:5]X qFJ6CD 42? 2D< D6==6CD E@ A2J D@>6 @C 2== @7 E96 3FJ6CVD 286?EVD 4@>>:DD:@?[ 2?5 D6==6CD @7E6? 5@] qFE D@>6E:>6D 3FJ6CD 6?5 FA A2J:?8 @FE @7 A@4<6E] p86?ED D2J E96 A@=:4J AFED 7:CDE\E:>6 3FJ6CD 2E 2 5:D25G2?E286 3642FD6 E96J E6?5 E@ 92G6 =6DD D2G:?8D 2?5 H62=E9]k^Am

k9amp5G:46 7@C 9@>6 D6==6CDk^9am

kAmk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^9@H\E@\D6==\J@FC\9@FD6nFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQmw@>6 D6==6CDk^2m H:== 4@?E:?F6 E@ 92G6 2 ?68@E:2E:?8 25G2?E286 @G6C 3FJ6CD] qFE D6==6CDV 5@>:?2?46 92D D=:AA65 D:?46 a_a`[ 2?5 E96J >FDE AFE 😕 E96 H@C< E@ >2C<6E E96:C 9@>6D 67764E:G6=J] Q$E@A E9:?<:?8 J@F 9@=5 2== E96 <6JD E@ E96 42DE=6[Q D2JD p?5J $249D[ >2?28:?8 3C@<6C 7@C pC@F?5 %@H? #62= tDE2E6 😕 }6HE@H?[ r@??64E:4FE]k^Am

kAmq68:? 3J 56>@?DEC2E:?8 G2=F6[ D2JD r9F4< ‘2?56C $E6=E[ 2 C62= 6DE2E6 286?E 😕 ‘2=A2C2:D@[ x?5:2?2] (@C< H:E9 E96 =:DE:?8 286?E E@ D6E 2 C62D@?23=6 AC:46[ 2?5 E6== 3FJ6CD 23@FE FA52E6D >256 E@ E96 9@>6]k^Am

kAmx?D:DE E92E J@FC 286?E 9:C6 2 AC@76DD:@?2= A9@E@8C2A96C[ D2JD w6??6DD6J[ E96 286?E 😕 u2==D r9FC49[ ‘:C8:?:2[ 3642FD6 3FJ6CD QH:== =@@< 2E E96 7:CDE 7:G6 A9@E@D 2?5 :7 E96JVC6 8C62E[ E96JV== 4@?E:?F6 @?] qFE :7 E96JVC6 4CF>>J[ E96JVC6 ?@E 8@:?8 E@ =@@<]Qk^Am

kAmw6??6DD6J =2>6?ED E96 A@@C BF2=:EJ @7 C62= 6DE2E6 A9@E@8C2A9J] QxEVD 2? 25G6CE:D6>6?E] xEVD ?@E 2 5:D4=@DFC6[Q D96 D2JD] Q(6 5@?VE ?665 E@ D66 J@FC 5:CEJ 4=@D6E] (6 5@?VE ?665 E@ D66 J@FC E@:=6E D62E FA]Qk^Am

k9amp5G:46 7@C 9@>6 3FJ6CDk^9am

kAmqFJ6CD[ @? E96 @E96C 92?5[ D9@F=5 D62C49 7:CDE 7@C 562=\3C62<:?8 7=2HD 367@C6 7@4FD:?8 @? 2 9@>6VD 56=:89ED[ 286?ED D2J]k^Am

kAm’:4E@C:2 #2J w6?56CD@?[ @H?6C 2?5 3C@<6C @7 w@>6qFJ6C qC@<6C286 😕 q6E96D52[ |2CJ=2?5[ D2JD[ Qs@?VE ;FDE 8@ :?E@ E96 <:E496? 2?5 8@[ V(@H[ =@@< 2E E9:D 8C2?:E6 4@F?E6CE@APV *@F @H[ J@F 8@EE2 =@@< 2E E96 3@?6D 7:CDE]Qk^Am

kAmx7 E96 9@>6 92D 2 32D6>6?E[ Q8@ 5:C64E=J :?E@ E96 32D6>6?E 7:CDE 2?5 =@@< 2E E96 4@?5:E:@? 2?5 E96 D>6== @7 E92E 32D6>6?E]Q w2D H2E6C 8@EE6? :?n w2D E96 @H?6C E2<6? DE6AD E@ AC6G6?E H2E6C 52>286n x7 J@F 7:?5 E96 32D6>6?E 2446AE23=6[ E96? 4=:>3 E96 DE2:CD 2?5 866< @FE @G6C E96 <:E496? 4@F?E6CD]k^Am

kAmp 42FE:@FD 3FJ6C 8@6D 6G6? 7FCE96C] w6??6DD6J C64@>>6?5D E92E 3FJ6CD 😕 4@>A6E:E:G6 >2C<6ED 86E AC6\@776C k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^9@>6\:?DA64E:@?nFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`eecae_U2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l3=@I5:8:E2=Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm9@>6 :?DA64E:@?Dk^2m] %9:D >62?D 9:C:?8 2 9@>6 :?DA64E@C E@ 244@>A2?J J@F 2?5 J@FC 286?E @? E96 9@>6 E@FC] p @?6\9@FC :?DA64E:@? H@?VE 86E :?E@ 2D >F49 56AE9 2D 2 E9C66\9@FC A@DE\@776C :?DA64E:@?[ 3FE :EVD 6?@F89 E@ 56E64E D@>6E9:?8 3:8[ =:<6 2 4C24< 😕 E96 7@F?52E:@?] }@E 6G6CJ D6==6C H:== 2==@H 2 AC6\@776C :?DA64E:@?[ Q3FE FDF2==J E96J 5@ 3642FD6 E96J H2?E 2? @776C H:E9 ?@ 4@?E:?86?4:6D]Qk^Am

kAm%96 7:?2= 3:E @7 25G:46 4@>6D 7C@> ‘2?56C $E6=E[ H9@ FC86D 24E:@? @G6C 96D:E2E:@?] Qv@ @FE E96C6 2?5 3FJ[Q 96 D2JD] Q$E@A =@@<:?8 2E :?E6C6DE C2E6D] x7 J@F 42? 277@C5 E96 9@FD6 E@52J[ 3FJ :E]Qk^Am

k5:G 4=2DDlQ?H\>@C6\7C@>\?6C5H2==6EQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ|@C6 uC@> }6C5(2==6EQ 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0>@C607C@>0?6C5H2==6EQmkAmkDEC@?8m|@C6 uC@> }6C5(2==6Ek^DEC@?8mk^AmkF=mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^>@CE8286D^9@H\>F49\9@FD6\42?\:\277@C5nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l3=@I5:8:E2=U2>AjFE>04@?E6?El`eecae_Q E:E=6lQw@H |F49 w@>6 r2? x p77@C5nQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?A@?6?E\EJA6\?2>6lQ{:?A@?6?E\EJA6\D=F8lQ?H0=:?AC6DD:@?lQ`Qmw@H |F49 w@>6 r2? x p77@C5nk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^2G6C286\5@H?\A2J>6?E\@?\2\9@FD6nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l3=@I5:8:E2=U2>AjFE>04@?E6?El`eecae_Q E:E=6lQ(92EUCDBF@jD E96 pG6C286 s@H? !2J>6?E @? 2 w@FD6nQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?A@?6?E\EJA6\?2>6lQ{:?A@?6?E\EJA6\D=F8lQ?H0=:?AC6DD:@?lQ`Qm(92E’D E96 pG6C286 s@H? !2J>6?E @? 2 w@FD6nk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^:D\:E\2\8@@5\E:>6\E@\3FJ\2\9@FD6nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l3=@I5:8:E2=U2>AjFE>04@?E6?El`eecae_Q E:E=6lQxD xE 2 v@@5 %:>6 E@ qFJ 2 w@FD6nQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?A@?6?E\EJA6\?2>6lQ{:?A@?6?E\EJA6\D=F8lQ?H0=:?AC6DD:@?lQ`QmxD xE 2 v@@5 %:>6 E@ qFJ 2 w@FD6nk^2mk^=:mk^F=mk^5:Gm

k5:G 4=2DDlQ?H\2FE9@C\3@I\HAQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQpFE9@C q@I \ (!Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H02FE9@C03@I0HAQmk5:G 4=2DDlQ?H\2FE9@C\3@I\HA\\:??6CQmk2D:56 :E6>AC@AlQ2FE9@CQ :E6>EJA6lQ9EEAi^^D496>2]@C8^!6CD@?Q 4=2DDlQ?H\2FE9@C\3@IQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQpFE9@C q@IQ 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H02FE9@C03@IQmkAmw@=56? {6H:D HC:E6D 7@C }6C5(2==6E] t>2:=i k2 9C67lQ>2:=E@i9=6H:Do?6C5H2==6E]4@>Qm9=6H:Do?6C5H2==6E]4@>k^2m] %H:EE6Ci ow@=56?{]k^Amk^2D:56mk^5:Gmk^5:Gm

kA 4=2DDlQ?H\@C:8:?2==J\A@DE65\=:?6 $6==6CD 2?5 qFJ6CDi (92E *@F |FDE z?@H 7@C a_ad @C:8:?2==J 2AA62C65 @? }6C5(2==6E]k^Am