4-6 0MKLX 7IRWSV *IEXYVMRK 0S6E;%2o ;7 9WIV +YMHI 1MPIWMKLX -S8
7EJIX] 4VIGEYXMSRW 1MPIWMKLX [MPP RSX WLSYPHIV VIWTSRWMFMPMX] JSV ER] PSWWIW SV HEQEKIW VIWYPXMRK JVSQ RSX JSPPS[MRK XLI MRWXVYGXMSRW SJ XLMW STIVEXMRK KYMHI 8LI HIZMGI QYWX RSX FI QSHMJMIH MR ER] [E] (S RSX I\TSWI XLI 4-6 PIRW XS HMVIGX WYRPMKLX (S RSX TEMRX SV GPIER XLI 4-6 PIRW SV MX [MPP EJJIGX XLI HIXIGXMSR SJ XLI HIZMGI (S RSX TPEGI XLI HIZMGI [LIVI XLI XIQTIVEXYVI MW FIPS[ EFSZI XLI STIVEXMRK VERKI (S RSX TPEGI XLI HIZMGI GPSWI XS SFNIGXW [MXL REOIH JPEQIW LIEX WSYVGI SZIR S
XLI IUYMTQIRX SJJ ERH SR XLI YWIV MW IRGSYVEKIH XS XV] XS GSVVIGX XLI MRXIVJIVIRGI F] SRI SV QSVI SJ XLI JSPPS[MRK QIEWYVIW Ƃ6ISVMIRX SV VIPSGEXI XLI VIGIMZMRK ERXIRRE Ƃ-RGVIEWI XLI WITEVEXMSR FIX[IIR XLI IUYMTQIRX ERH VIGIMZIV Ƃ'SRRIGX XLI IUYMTQIRX MRXS ER SYXPIX SR E GMVGYMX HMJJIVIRX JVSQ XLEX XS [LMGL XLI VIGIMZIV MW GSRRIGXIH Ƃ'SRWYPX XLI HIEPIV SV ER I\TIVMIRGIH VEHMS 8: XIGLRMGMER JSV LIPT 2SXI 'LERKIW SV QSHMJMGEXMSRW XS XLMW YRMX RSX I\TVIWWP] ETTVSZIH F] XLI TEVX] VIWTSRWMFPI JSV GSQT
'SRXIRXW 4VSHYGX -RXVSHYGXMSR ϱ 3ZIVZMI[ ϱ *IEXYVIW ϱ ,EVH[EVI -RXVSHYGXMSR
4VSHYGX -RXVSHYGXMSR 3ZIVZMI[ ;7 MW E 4-6 WIRWSV FEWIH SR TEWWMZI MRJVEVIH XIGLRSPSK] XS HIXIGX E QSXMSR SV SGGYTERG] ;7 GER HIXIGX [LIXLIV XLIVI MW E QSZIQIRX [MXLMR XLI VERKI SJ Q &IWMHIW ;7 IUYMTW [MXL E PMKLX WIRWSV [LMGL GER PMRO 4-6 HIXIGXMSR VIWYPXW XS XVMKKIV WGIRIW ;7 GER FI [MHIP] YWIH MR WQEVX LSQIW WQEVX SJJMGIW WGLSSPW [EVILSYWIW IXG 7IRWSV HEXE EVI XVERWQMXXIH MR VIEP XMQI YWMRK XLI WXERHEVH 0S6E;%2o TVSXSGSP 0S6E;%2o IREFPIW IRGV]TXIH VEHMS XVERWQMWWMSRW SZIV
,EVH[EVI 3ZIVZMI[ (MQIRWMSRW QQ 0)( 4EXXIVRW *YRGXMSR %GXMSR 0)( -RHMGEXSV 4-6 MW XVMKKIVIH RIX[SVO YRVIKMWXIVIH 6IH FPMRO SRGI 4-6 MW XVMKKIVIH RIX[SVO VIKMWXIVIH +VIIR FPMRO SRGI 7IRH NSMR RIX[SVO VIUYIWXW 6IH FPMROW SRGI .
3TIVEXMSR +YMHI 2*' 'SRJMKYVEXMSR ;7 GER FI GSRJMKYVIH ZME ER 2*' IREFPIH WQEVXTLSRI 4YPP SYX XLI FEXXIV] MRWYPEXMRK WLIIX XS TS[IV SR XLI HIZMGI 8LI MRHMGEXSV [MPP PMKLX YT MR KVIIR JSV WIGSRHW [LIR XLI HIZMGI XYVRW SR (S[RPSEH ERH MRWXEPP ƈ1MPIWMKLX 8SSP&S\Ɖ %TT JVSQ +SSKPI 4PE] SV %TT 7XSVI )REFPI 2*' SR XLI WQEVXTLSRI ERH STIR 1MPIWMKLX 8SSP&S\ %XXEGL XLI WQEVXTLSRI [MXL 2*' EVIE XS XLI HIZMGI XS VIEH HIZMGI MRJSVQEXMSR &EWMG MRJSVQEXMSR ERH WIXXMRKW SJ XLI HIZMGI [MPP
&EWMG 0S6E;%2 7IXXMRKW +S XS (IZMGI " 7IXXMRK " 0S6E;%2 7IXXMRKW SJ 8SSP&S\ %TT XS GSRJMKYVI NSMR X]TI %TT )9- %TT /I] ERH SXLIV MRJSVQEXMSR =SY GER EPWS OIIT EPP WIXXMRKW F] HIJEYPX 4EVEQIXIVW (IZMGI )9%TT )9%TTPMGEXMSR 4SVX .
WTIGMJMG TEGOIXW EVI FIMRK WIRX XLI HIZMGI [MPP VI NSMR %(6 1SHI %PPS[ RIX[SVO WIVZIV XS EHNYWX HEXE VEXI SJ XLI HIZMGI 8\ 4S[IV 8VERWQMX TS[IV SJ HIZMGI 2SXI 4PIEWI GSRXEGX WEPIW VITVIWIRXEXMZI JSV HIZMGI )9- PMWX MJ XLIVI EVI QER] YRMXW 4PIEWI GSRXEGX WEPIW VITVIWIRXEXMZI MJ ]SY RIIH VERHSQ %TT OI]W FIJSVI TYVGLEWI 7IPIGX 38%% QSHI MJ ]SY YWI 1MPIWMKLX -S8 'PSYH XS QEREKI HIZMGIW 3RP] 38%% QSHI WYTTSVXW VINSMR QSHI 0S6E;%2 *VIUYIRG] 7IXXMRKW +S XS 7IXXMRK "0S6E;%2 7IXXMRKW SJ 8SSP&S
2SXI *SV 1 QSHIP HIJEYPX JVIUYIRG] MW )9 *SV 1 QSHIP HIJEYPX JVIUYIRG] MW %9 +IRIVEP 7IXXMRKW +S XS (IZMGI "7IXXMRK "+IRIVEP 7IXXMRKW SJ 8SSP&S\ %TT XS GLERKI XLI VITSVXMRK MRXIVZEP IXG 4EVEQIXIVW (IWGVMTXMSR 8LI MRXIVZEP SJ VITSVXMRK 4-6 PMKLX WXEXYW ERH FEXXIV] PIZIP XS RIX[SVO 6ITSVXMRK -RXIVZEP WIVZIV (IJEYPX QMRW 6ERKI QMRW 2SXI ;7 [MPP EPWS VITSVX ƈXVMKKIVIHƉ WXEXYW SJ 4-6 WIRWSV MQQIHMEXIP] [LIR MX HIXIGXW QSXMSRW -HPI 8MQI ;LIR XLI 4-6 WIRWSV HSI
6ITSVXMRK W 0)( -RHMGEXSV -PPYQMRERGI 'SPPIGXMSR 'LERKI 4EWW[SVH HIZMGI [MPP VITSVX ƈRSX XVMKKIVIHƉ WXEXYW (IJEYPX W )REFPI SV HMWEFPI XLI PMKLX MRHMGEXMRK MR GLETXIV 2SXI 8LI MRHMGEXSV SJ VIWIX FYXXSR MW RSX EPPS[IH XS HMWEFPI )REFPI SV HMWEFPI MPPYQMRERGI GSPPIGXMSR ;LIR XLMW MW HMWEFPIH VITSVXMRK MRXIVZEP [MPP FI GLERKIH XS QMRW EYXSQEXMGEPP] 'LERKI XLI TEWW[SVH JSV 8SSP&S\ %TT XS [VMXI XLMW HIZMGI 8LVIWLSPH 7IXXMRKW ;LIR MPPYQMRERGI GSPPIGXMSR MW IREFPIH YWIVW GER HIJMRI XLI
)REFPI SRI SJ ;7 WXEXYW ERH GSRJMKYVI E F]XI LI\EHIGMQEP GSQQERH 8LMW GSQQERH MW TVI HIJMRIH MR 0S6E ( ( EKIRX HIZMGI ;LIR ;7 HIXIGXW XLMW WXEXYW MX [MPP WIRH XLI GSRXVSP GSQQERH XS GSVVIWTSRHMRK 0S6E ( ( EKIRX HIZMGIW 2SXI ;LIR XLMW JIEXYVI MW IREFPIH XLI HIZMGI [MPP RSX WIRH HEXE XS 0S6E;%2o RIX[SVO WIVZIV MJ ;7 4-6 SV PMKLX WXEXYW GLERKIW 1EMRXIRERGI 9TKVEHI (S[RPSEH JMVQ[EVI JVSQ 1MPIWMKLX [IFWMXI XS ]SYV WQEVXTLSRI 3TIR 8SSP&S\ %TT ERH GPMGO ƈ&VS[WIƉ XS MQTSVX JMV
+S XS ƈ8IQTPEXIƉ TEKI SR XLI %TT ERH WEZI GYVVIRX WIXXMRKW EW E XIQTPEXI =SY GER EPWS IHMX XLI XIQTPEXI JMPI Ϯ͘ 7IPIGX SRI XIQTPEXI JMPI XLEX WEZIH MR XLI WQEVXTLSRI ERH GPMGO ƈ;VMXIƉ XLIR EXXEGL MX XS ERSXLIV HIZMGI XS [VMXI GSRJMKYVEXMSR 2SXI 7PMHI XLI XIQTPEXI MXIQ XS XLI PIJX XS IHMX SV HIPIXI XLI XIQTPEXI 'PMGO XLI XIQTPEXI XS IHMX XLI GSRJMKYVEXMSRW 6IWIX XS *EGXSV] (IJEYPX 4PIEWI WIPIGX SRI SJ XLI JSPPS[MRK QIXLSHW XS VIWIX HIZMGI :ME ,EVH[EVI ,SPH SR XLI VIWIX FYXXSR JSV QSVI XLE
[MPP FPMRO MR KVIIR X[MGI XLIR HIZMGI [MPP VIFSSX :ME 8SSP&S\ %TT +S XS (IZMGI " 1EMRXIRERGI XS XET ƈ6IWIXƉ XLIR EXXEGL WQEVXTLSRI [MXL 2*' EVIE XS HIZMGI XS GSQTPIXI VIWIX -RWXEPPEXMSR 1 8ETIW *M\ 4EWXI 1 XETI XS XLI FEGO SJ XLI HIZMGI XLIR XIEV XLI SXLIV WMHI ERH TPEGI MX SR E JPEX WYVJEGI 7GVI[ *M\ 6IQSZI XLI FEGO GSZIV SJ XLI HIZMGI WGVI[ XLI [EPP TPYKW MRXS XLI [EPP ERH JM\ XLI GSZIV [MXL WGV I[W SR MX XLIR MRWXEPP FEGO XLI HIZMGI 2SXI %HNYWX XLI MRWXEPPEXMSR HMVIGXMSR EGGSVHMR
&EWMG -RJSVQEXMSR ;7 VITSVXW FEWMG MRJSVQEXMSR SJ XLI HIZMGI [LIRIZIV MX NSMRW XLI RIX[SVO 'LERRIP JJ 8]TI (IWGVMTXMSR 4VSXSGSP :IVWMSR !" : (IZMGI 72 HMKMXW ,EVH[EVI :IVWMSR !" : E 7SJX[EVI :IVWMSR !" : F 4S[IV 3R (IZMGI MW SR J (IZMGI 8]TI 'PEWW % 'PEWW & 'PEWW ' )\EQTPI JJ FJJ JJ JJ F JJ JJ E JJ J 'LERRIP 8]TI :EPYI 'LERRIP 8]TI :EPYI JJ F 4S[IV 3R JJ 6IWIVZIH JJ 4VSXSGSP :IVWMSR :
)\EQTPI 'LERRIP 8]TI :EPYI &EXXIV] 'LERRIP 8]TI :EPYI 0MKLX 7XEXYW !" &VMKLX 'LERRIP 8]TI :EPYI 4-6 7XEXYW !" 4-6 MW XVMKKIVIH !" (S[RPMRO 'SQQERHW ;7 WYTTSVXW HS[RPMRO GSQQERHW XS GSRJMKYVI XLI HIZMGI 8LI ETTPMGEXMSR TSVX MW F] HIJEYPX 'LERRIP 8]TI (IWGVMTXMSR JJ 7IX 6ITSVXMRK -RXIVZEP &]XIW YRMX W )\EQTPI 7IX VITSVXMRK MRXIVZEP EW QMRYXIW JJ F 'LERRIP 8]TI :EPYI JJ 7IX 6ITSVXMRK -RXIVZEP F
