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‘If You Do It Too Then RT And Say #idoit2’: The co-patterning of contingency and evaluation in microblogging

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؞آءء؞؟؝؞ؘ ؕإ؟؟ ءةᄕ ؟ؘؘؗءᄕ ؗآᄘ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ؖ؛ؔأاؘإ ئؘةؘء
ᅵƤ ƺǀ Ƣƺ ƫƿ ƺƺ ƿƩƣƹ  ƞƹƢ ƾƞDŽ ᇱƫƢƺƫƿᇴᅷᄘ
ƨƢ ƶᄵƞƻƻƢƹƵƩƵƧ ƶƣ ƶƵƻƩƵƧƢƵƠǀ ƞƵơ ƽƞƳƼƞƻƩƶƵ ƩƵ ƩƠƹƶƟƳƶƧƧƩƵƧ
ƩƠƨƢƳƢ ƞƷƷƞƽƩƧƵƞ
ƹƿƽƺƢǀơƿƫƺƹ
ƽƺƻƺƾƫƹƨ ƞƹ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƟƺƹƢ ƫƹ Ƣƫƾơƺǀƽƾƣ ƫƹǁƺƶǁƣƾ ƺƦƤƣƽƫƹƨ ƞ ơƺǀƻƶƫƹƨ ƺƤ
ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƞƹƢ ƫƢƣƞƿƫƺƹƞƶ Ƹƣƞƹƫƹƨ Ƥƺƽ ƹƣƨƺƿƫƞƿƫƺƹᄙ ƹ Ƹƞƴƫƹƨ ƿƩƫƾ ƺƦƤƣƽ ǂƣ
Ƹǀƾƿ ƞƢƺƻƿ ƾƺƸƣ ƴƫƹƢ ƺƤ ƺƽƫƣƹƿƞƿƫƺƹ ƿƺǂƞƽƢ ƿƩƣ ƻƽƺƻƺƾƣƢ ƟƺƹƢᄙ ƹƣ ƽƣƾƺǀƽơƣ
ƿƩƞƿ ƫƾ ǀƾƣƢ ƫƹ ƫƹƿƣƽƞơƿƫǁƣ Ƣƫƨƫƿƞƶ ơƺƹƿƣǃƿƾ ƾǀơƩ ƞƾ ƾƺơƫƞƶ ƸƣƢƫƞ ƫƾ ƿƩƣ ƩƣᄵƻƨƢƵ ơƺƹᅟ
ƿƫƹƨƣƹơDŽᄕ ƞ ơƺƩƣƽƣƹơƣ ƽƣƶƞƿƫƺƹ ƽƣƞƶƫƾƫƹƨ ƿƩƣ ƾƺơƫƞƶ ƽƣƶƞƿƫƺƹᄕ ᅵƫƤ DŽƺǀ ƞƨƽƣƣ ǂƫƿƩ ƿƩƣ
ơƺǀƻƶƫƹƨ  ƞƸ ƻƽƣƾƣƹƿƫƹƨᄕ ƿƩƣƹ ƾƩƞƽƣ ƿƩƫƾ ƟƺƹƢ ǂƫƿƩ ƺƿƩƣƽƾᅷᄕ ƺƽᄕ ƻǀƿ Ƹƺƽƣ ƨƣƹᅟ
ƣƽƞƶƶDŽᄕ ᅵƫƤ DŽƺǀ ƶƫƴƣ ᄕ Ƣƺ ᅷᄙ ƺƹƿƫƹƨƣƹơDŽ ƫƾ ƞ ơƺƹƾƣƼǀƣƹƿƫƞƶ ƽƣƶƞƿƫƺƹ ƺƤ ơƺƹƢƫƿƫƺƹ
ƻƨƢƵძ Ʃƣძ ƷƹƶƽƩơƢơ ƻƨƞƻᄭ ƺƽ ƻǀƽƻƺƾƣ ᄬƻƶძ ƺƶ ƻƨƞƻძ ƩƵ ƶƹơƢƹ ƻƶᄭ ᄬƞƽƿƫƹ ᇳᇻᇻᇴᄘ ᇳᇻᇷᄭᄙ
Ʃƣ ƻƽƣƾƣƹƿ ơƩƞƻƿƣƽ ƣǃƻƶƺƽƣƾ ơƺƹƿƫƹƨƣƹơDŽ ƞƹƢ ơƺǀƻƶƫƹƨ ƻƞƿƿƣƽƹƾ ƫƹ ƸƫơƽƺƟƶƺƨᅟ
ƨƫƹƨᄕ ƞ ƤƺƽƸ ƺƤ ƾƺơƫƞƶ ƸƣƢƫƞ ǂƩƣƽƣƟDŽ ǀƾƣƽƾ ƻƺƾƿ ơƩƞƽƞơƿƣƽᅟơƺƹƾƿƽƞƫƹƣƢ Ƹƣƾᅟ
ƾƞƨƣƾ ᄬƸƫơƽƺƻƺƾƿƾᄭ ƿƺ ƿƩƣ ƹƿƣƽƹƣƿᄙ  ƣƸƻƶƺDŽ ƞ ᇳᇲᇲᅟƸƫƶƶƫƺƹᅟǂƺƽƢ ơƺƽƻǀƾ ƺƤ ǂƫƿᅟ
ƿƣƽ Ƹƫơƽƺƻƺƾƿƾ ᄬᄭᄕ ƿƺ ƫƹǁƣƾƿƫƨƞƿƣ Ʃƺǂ ƟƺƹƢƾ ƞƽƣ ƻƽƺƻƺƾƣƢ ƫƹ ƿǂƺ ǁƣƽDŽ
ƢƫƦƤƣƽƣƹƿ ƢƺƸƞƫƹƾ ƺƤ ƣǃƻƣƽƫƣƹơƣᄘ ơƣƶƣƟƽƞƿƫƺƹ ƺƤ ƞ ơƣƶƣƟƽƫƿDŽᄕ ǀƾƿƫƹ ƫƣƟƣƽᄕ ƞƹƢ
ơƺƸƸǀƹƞƶ ơƺƸƻƶƞƫƹƿ ƞƟƺǀƿ Ƹƫƹƺƽ ƼǀƺƿƫƢƫƞƹ ơƺƹơƣƽƹƾᄙ ƺƽ ƣǃƞƸƻƶƣᄕ ơƺƹƾƫƢƣƽ
ƿƩƣ Ƥƺƶƶƺǂƫƹƨ Ƹƫơƽƺƻƺƾƿƾᄘ
 ᇗƾƣƽᄘ  ƫƤ DŽƺǀ ƿƩƫƹƴ ưǀƾƿƫƹ ƟƫƣƟƣƽ ƫƾ ƨƺƽƨƣƺǀƾ ᇱƫƣƟƣƽƺǁƣ ᇱƫƣƟƣƽᅟ
ƣƫƹƣ
 ᇗƺƩƞƿᇴᄘ  ƫƤ DŽƺǀ Ʃƞƿƣ ƫƿ ǂƩƣƹ DŽƺǀ Ƹƺǁƣ ƺǀƿ ƿƩƣ ǂƞDŽ Ƥƺƽ ƾƺƸƣƺƹƣ
ƞƹƢ ƿƩƣDŽ Ƹƺǁƣ ƿƩƣ ƾƞƸƣ ǂƞDŽᄙ ᇱƫƢƺƿƩƞƿᇴ
Ʃƣ ƧƬƽƾƿ ƻƺƾƿ ƾƩƞƽƣƾ ƞ ƻƺƾƫƿƫǁƣ ƞƻƻƽƣơƫƞƿƫƺƹ ƺƤ ƞ ơƣƶƣƟƽƫƿDŽᄕ ǂƩƣƽƣƞƾ ƿƩƣ ƾƣơƺƹƢ
ƫƹǁƫƿƣƾ ǀƾ ƿƺ ƾƩƞƽƣ ƫƹ ƹƣƨƞƿƫǁƣ ƞƦƤƣơƿ ƽƣƨƞƽƢƫƹƨ ƞ ơƺƸƸƺƹ ơƺƸƻƶƞƫƹƿᄙ ƾ ǂƣ
ǂƫƶƶ ƾƣƣᄕ ƿƩƣƾƣ ƿǂƣƣƿƾ ƫƹǁƫƿƣ ƺƿƩƣƽ ǀƾƣƽƾ ƿƺ ƽƣƻƺƾƿ ƿƩƣ Ƹƣƾƾƞƨƣᄕ ơƺƹƿƫƹƨƣƹƿ ǀƻƺƹ
ƞơơƣƻƿƫƹƨ ƿƩƣ ơƺǀƻƶƫƹƨ ƺƤ ƫƢƣƞƿƫƺƹ ƞƹƢ ƣǁƞƶǀƞƿƫƺƹ ƻƽƣƾƣƹƿƣƢᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇺᇻ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƣ ǀƹơƿƫƺƹ ƺƤ ᅵƣƿǂƣƣƿƫƹƨᅷ
ƣǁƣƶƺƻƣƢ ƫƹ ᇴᇲᇲᇸᄕ ǂƫƿƿƣƽ ƞƶƶƺǂƾ ǀƾƣƽƾ ƿƺ ƻƺƾƿ Ƹƣƾƾƞƨƣƾ ƺƤ ᇳᇶᇲ ơƩƞƽƞơƿƣƽƾ ƺƽ
ƶƣƾƾ ƿƺ ƿƩƣ ƨƣƹƣƽƞƶ ƹƿƣƽƹƣƿ ƺƽ ƿƺ ƞ ƾƣƿ ƺƤ ǀƾƣƽƾ ǂƩƺ ƾǀƟƾơƽƫƟƣ ƿƺ ƞ ǀƾƣƽᅷƾ Ƹƣƾᅟ
ƾƞƨƣ ᅵƾƿƽƣƞƸᅷᄕሾ ƴƹƺǂƹ ơƺƶƶƣơƿƫǁƣƶDŽ ƞƾ Ƥƺƶƶƺǂƣƽƾᄙ Ʃƣƾƣ Ƹƫơƽƺƻƺƾƿƾ ƞƽƣ ƽƣƤƣƽƽƣƢ
ƿƺ ƞƾ ƿǂƣƣƿƾ ƞƹƢ ƞƽƣ ƻƽƣƾƣƹƿƣƢ ƿƺ ƿƩƣ ǀƾƣƽ ƫƹ ƽƣǁƣƽƾƣ ơƩƽƺƹƺƶƺƨƫơƞƶ ƺƽƢƣƽ ƞƾ
ƞƹ ǀƹƤƺƶƢƫƹƨ ƤƣƣƢ ƺƤ ơƺƹƿƣƹƿᄙ Ʃƣ ơƺƹƿƣƹƿ ƫƾ ƻǀƟƶƫơ ƞƹƢ ƾƣƞƽơƩƞƟƶƣ ǀƹƶƣƾƾ ƿƩƣ
ǀƾƣƽ ƞơƿƫǁƣƶDŽ Ƹƞƴƣƾ ƿƩƣƫƽ ƞơơƺǀƹƿ ƻƽƫǁƞƿƣᄙ ǂƣƣƿƾ ƸƞDŽ Ɵƣ ƞơơƣƾƾƣƢᄕ ƾƣƹƿᄕ ƞƹƢ
ƽƣơƣƫǁƣƢ ǁƫƞ ƞ ǁƞƽƫƣƿDŽ ƺƤ ƸƣƿƩƺƢƾ ƾǀơƩ ƿƩƣ ǂƣƟᄕ ƣƸƞƫƶᄕ ᄕ ƞƹƢ ƿƩƫƽƢᅟƻƞƽƿDŽ
ơƶƫƣƹƿƾᄕ ƺƤƿƣƹ ƽǀƹƹƫƹƨ ƺƹ ƸƺƟƫƶƣ Ƣƣǁƫơƣƾᄙ  ƿǂƣƣƿ ƸƞDŽ ƞƶƾƺ ƫƹơƺƽƻƺƽƞƿƣ ƶƫƹƴƾ
ƿƺ ƸƫơƽƺƸƣƢƫƞᄕ ƾƸƞƶƶᅟƾơƞƶƣ ƸǀƶƿƫƸƣƢƫƞᄕ ƞƹƢ ƾƩƺƽƿƣƹƣƢ ƞƶƫƞƾƣƾ ƺƤ ƶƺƹƨƣƽ ƩDŽƻƣƽ
ƶƫƹƴƾ ᄬƫƹDŽ ƾᄭ ƫƹƿƣƹƢƣƢ ƿƺ ơƺƹƾƣƽǁƣ ơƩƞƽƞơƿƣƽƾ ǂƫƿƩƫƹ ƿƩƣ ơƺƹƾƿƽƞƫƹƣƢ ƿƣǃᅟ
ƿǀƞƶ ƣƹǁƫƽƺƹƸƣƹƿᄙ ƹ ƣǃƞƸƻƶƣ ƺƤ ƞ ƿǂƣƣƿ ƫƾ ƿƩƣ Ƥƺƶƶƺǂƫƹƨᄘ
 ƫƤ DŽƺǀ ƿƩƫƹƴ Ʃƞƿƣƽƾ ƹƣƣƢ ƿƺ ƨƣƿ ƞ ƶƫƤƣᄛ ᇱƣƶƫƣƟƣƽƺǁƣ ኜᇵ
Ʃƫƾ ƻƺƾƿ ƫƹǁƫƿƣƾ ƺƿƩƣƽ ǀƾƣƽƾ ƿƺ ƽƣƻǀƟƶƫƾƩ ƿƩƣ ƿǂƣƣƿ ƟDŽ ƽƣƿǂƣƣƿƫƹƨ ƿƩƣ ƻƺƾƿ ƾƺ
ƿƩƞƿ ƫƿ ǂƫƶƶ Ɵƣ ǁƫƾƫƟƶƣ ƿƺ ƞ ƹƣǂ ƾƣƿ ƺƤ Ƥƺƶƶƺǂƣƽƾᄙ ƹ ƿƩƫƾ ǂƞDŽ ƽƣƿǂƣƣƿƫƹƨ ᅸƞƶƶƺǂƾ
ƸƣƸƟƣƽƾ ƿƺ ƽƣƶƞDŽ ƺƽ ƤƺƽǂƞƽƢ ƞ ƿǂƣƣƿ ƿƩƽƺǀƨƩ ƿƩƣƫƽ ƹƣƿǂƺƽƴᅺ ᄬƞƨƞƽƞưƞƹ ƣƿ ƞƶᄙᄕ
ᇴᇲᇳᇲ ƫƹƾƣƽƿ ƻǀƹơƿǀƞƿƫƺƹ Ƹƞƽƴᄞ
ƻᄙ ᇴᇻᇷᄭᄙ
ƣƿǂƣƣƿƾ ƞƽƣ ǀƾǀƞƶƶDŽ ƸƞƽƴƣƢ ƟDŽ ƿƩƣ ƫƹƫƿƫƞƶƫƾƸ ᄕ ƿƺ ƫƹƢƫơƞƿƣ ƿƩƞƿ ƿƩƣ ƟƺƢDŽ ƺƤ
ƿƩƣ ƿǂƣƣƿ ƫƾ ƼǀƺƿƣƢ ƿƣǃƿᄙ ƹ ƺƿƩƣƽ ǂƺƽƢƾᄕ  ơƞƹ Ƹƞƽƴ ƨƽƞƸƸƞƿƫơƞƶ ƻƽƺưƣơƿƫƺƹᄕ
ƣơƺƹƺƸƫơƞƶƶDŽ ƾƿƞƹƢƫƹƨ Ƥƺƽ ᅵƾƣƽ  Ʃƞƾ ƻƺƾƿƣƢ ƿƩƣ Ƥƺƶƶƺǂƫƹƨᅷᄙ ƹ Ƹƺƾƿ ƫƹƾƿƞƹơƣƾ
 ǂƫƶƶ Ɵƣ ƤƺƶƶƺǂƣƢ ƟDŽ ƿƩƣ ᇗ ơƩƞƽƞơƿƣƽ ƿƺ ƞƿƿƽƫƟǀƿƣ ƿƩƣ ƽƣƿǂƣƣƿƣƢ ƿƣǃƿ ƿƺ ƫƿƾ
ƫƹƫƿƫƞƶ ƞǀƿƩƺƽᄙ Ʃƣ Ƥƺƶƶƺǂƫƹƨ ƿǂƣƣƿ ǀƾƣƾ ƿƩƫƾ ƾƿƽǀơƿǀƽƣ ƿƺ ƫƹƢƫơƞƿƣ ƿƩƞƿ ᇗƫƺƫƿᇴ
ƫƾ ƿƩƣ ƾƺǀƽơƣ ƺƤ ƿƩƣ ƺƽƫƨƫƹƞƶ ƻƺƾƿ ᄬƾƩƺǂƹ ǀƹƢƣƽƶƫƹƣƢᄭᄘ
 ᇗƫƺƫƿᇴᄘ Ƥ ᇱƫƺƫƿᇴ ƫƾ ƿƽƣƹƢƫƹƨ ƟDŽ ƽƫƢƞDŽᄕ ǂƫƶƶ Ƣƺ ƾƺƸƣ Ɵƫƨ ᇱƤƺƶƶƺǂƤƽƫƢƞDŽ
ƾƩƺǀƿƺǀƿƾ Ƥƺƽ ƿƩƣ ƿƺƻ ƽƣƿǂƣƣƿƣƽƾ ǂƩƫƶƾƿ ƿƽƣƹƢƫƹƨᄛᄛ ᄘᄭ
ƣƿǂƣƣƿƾ ƸƞDŽ ƞƶƾƺ ƞƻƻƣƹƢ ơƺƸƸƣƹƿƞƽDŽ ᄬƾƩƺǂƹ ƫƹ ƟƺƶƢᄭ ƿƺ ƿƩƣ ƺƽƫƨƫƹƞƶ ƿƣǃƿᄘ
 ᇗƾƣƽᄘ Ƥ ƞƾƾƩƺƶƣƾ ơƺǀƶƢ ƥƷDŽ ƿƩƫƾ ƨDŽƸ ǂƺǀƶƢ Ɵƣ ƞƹ ƞƫƽƻƺƽƿᄙᅭᅟ ᇶ ƩDŽƻƩƣƹƾ ơƺƽƽƣơƿᄞ
ƣƣ Ʃƣƣ
Ʃƣƣ Ʃƣƣ Ʃƣƣᄛᄛᄛᄛᄛᄛ
ᇗƟƨƞƽƢƹƣƽ ƽƺƟƞƟƶDŽ ƿƩƣ Ɵƣƾƿ ƹƫƨƩƿ ƺƤ ƿƩƣ ƶDŽƸƻƫơƾ ƿƺƹƫƨƩƿᅭƩƞǀƹ
Ʃƫƿƣᄕ ƻƺƶƶƺ Ʃƹƺ ƞƹƢ ƫƹƢƾƣDŽ ƺƹƹ ƞƶƶ ƨƺƫƹƨ Ƥƺƽ ƺƶƢᄛ ኜᅬ  ƞƨƽƣƣᄛ
Ʃƣ ƸƣƿƞƻƩƺƽ ƺƤ ƞ ᅵƾƿƽƣƞƸᅷ ƫƾ ơƺƸƸƺƹƶDŽ ƞƻƻƶƫƣƢ ƿƺ ƹƿƣƽƹƣƿ Ƣƞƿƞ ƤƣƣƢƾ ƿƩƞƿ ǀƹƤƺƶƢ ƫƹ ƿƫƸƣᄙ
ᇳᇻᇲ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƫƾ ƞƻƻƣƹƢƞƨƣ ƫƾ ƺƤƿƣƹ ƣǁƞƶǀƞƿƫǁƣ ƞƹƢ ƞ ơƺƹǁƣƽƾƞƿƫƺƹƞƶ ƽƣƻƶDŽ ƿƺ ƿƩƣ ƺƽƫƨƫƹƞƶ
ƞǀƿƩƺƽ ᄬƤƺƽ ƣǃƞƸƻƶƣᄕ ƿƩƣ ƫƸƻƶƫơƫƿ ƻƺƾƫƿƫǁƣ ƣǁƞƶǀƞƿƫƺƹ ƾƣƣƹ ƫƹ ƿƩƣ ƣǃơƶƞƸƞƿƫƺƹ
ƺƤ ơƺƹơǀƽƽƣƹơƣ ƞƻƻƣƹƢƣƢ ƿƺ ƿƩƣ ƾƣơƺƹƢ ƣǃƞƸƻƶƣ ƾƩƺǂƹ ƞƟƺǁƣᄭᄙ
ƣƿǂƣƣƿƫƹƨ ơƞƹ ƾƫƨƹƫƧƬơƞƹƿƶDŽ ƞƸƻƶƫƤDŽ ƿƩƣ ƽƣƞơƩ ƺƤ ƞ ƿǂƣƣƿᄕ ƻƞƽƿƫơǀƶƞƽƶDŽ ǂƩƣƹ
ƞ ǀƾƣƽ ǂƫƿƩ ƞ ƶƞƽƨƣ ƟƺƢDŽ ƺƤ Ƥƺƶƶƺǂƣƽƾᄕ ƾǀơƩ ƞƾ ƞ ơƣƶƣƟƽƫƿDŽᄕ ơƩƺƺƾƣƾ ƿƺ ƽƣƿǂƣƣƿ
ƾƺƸƣƿƩƫƹƨᄙ ƣDŽƺƹƢ ƽƣƟƽƺƞƢơƞƾƿƫƹƨᄕ ƽƣƿǂƣƣƿƫƹƨ ᅸơƺƹƿƽƫƟǀƿƣƾ ƿƺ ƞ ơƺƹǁƣƽƾƞƿƫƺƹƞƶ
ƣơƺƶƺƨDŽ ƫƹ ǂƩƫơƩ ơƺƹǁƣƽƾƞƿƫƺƹƾ ƞƽƣ ơƺƸƻƺƾƣƢ ƺƤ ƞ ƻǀƟƶƫơ ƫƹƿƣƽƻƶƞDŽ ƺƤ ǁƺƫơƣƾ
ƿƩƞƿ ƨƫǁƣ ƽƫƾƣ ƿƺ ƞƹ ƣƸƺƿƫƺƹƞƶ ƾƣƹƾƣ ƺƤ ƾƩƞƽƣƢ ơƺƹǁƣƽƾƞƿƫƺƹƞƶ ơƺƹƿƣǃƿᅺ ᄬƺDŽƢ ƣƿ
ƞƶᄙᄕ ᇴᇲᇳᇲ ƫƹƾƣƽƿ ƻǀƹơƿǀƞƿƫƺƹ Ƹƞƽƴᄞ
ƻᄙ ᇳᄭᄙ ƞƨƣ ᄬᇴᇲᇳᇳᄭᄕ ƞƻƻƽƺƞơƩƫƹƨ ƸƣƢƫƞ ƤƽƺƸ ƿƩƣ ƻƣƽƾƻƣơƿƫǁƣ ƺƤ ƹƞƽƽƞƿƫǁƣᄕ
Ʃƞƾ ƾǀƨƨƣƾƿƣƢ ƿƩƣ ƽƺƶƣ ƺƤ ƽƣƿǂƣƣƿƫƹƨ ƫƹ ƹƣǂ ᅸơƺᅟƿƣƶƶƣƽƾƩƫƻ ƻƽƞơƿƫơƣƾᅺ ƞƹƢ ƹƺƿƣƢ
ƿƩƣ ƿƣƹƢƣƹơDŽ ƺƤ ơƣƶƣƟƽƫƿƫƣƾ ƿƺ ƞƿƿƞơƩ ƣǁƞƶǀƞƿƫǁƣ ƞƾƾƣƾƾƸƣƹƿ ƿƺ ƿƩƣƫƽ ƽƣƿǂƣƣƿƾ
ƞƾ ƞ Ƹƣƞƹƾ ƺƤ ƞƶƫƨƹƫƹƨ ǂƫƿƩ ƿƩƣƫƽ ƞǀƢƫƣƹơƣᄙ Ʃƣ ơƺƹǁƣƹƿƫƺƹ Ƹƞƽƴƾ ƞ ƿǂƣƣƿ ƞƾ
ǂƺƽƿƩDŽ ƺƤ ƞƿƿƣƹƿƫƺƹ ǂƫƿƩƫƹ ƿƩƫƾ ơƺƹǁƣƽƾƞƿƫƺƹƞƶ ơƺƹƿƣǃƿᄙ
ǂƣƣƿƾ ƞƶƾƺ ơƺƹƿƞƫƹ ƸƣƿƞƢƞƿƞ ᄬƢƞƿƞ ƞƟƺǀƿ Ƣƞƿƞᄕ ƾǀơƩ ƞƾ ƫƹƤƺƽƸƞƿƫƺƹ ƞƟƺǀƿ
ƿƩƣ ƞǀƿƩƺƽ ƺƤ ƞ ƿǂƣƣƿᄭ Ƥƺƽ Ƹƞƹƞƨƫƹƨ ƫƹƿƣƽƞơƿƫƺƹ ǂƫƿƩ ƺƿƩƣƽƾᄙ ƺƽ ƫƹƾƿƞƹơƣᄕ ᇗ
ƫƹƢƫơƞƿƣƾ ƞƢƢƽƣƾƾ ᄬƺƽ ƽƣƤƣƽƣƹơƣᄭ ƞƹƢ ƞ ƩƞƾƩƿƞƨ ᄬᇱᄭ ƶƞƟƣƶƾ ƞ ƿƺƻƫơᄙ ƞƾƩƿƞƨƾ ƞƽƣ
ƞ ƤƺƽƸ ƺƤ ᅸơƺƹǁƣƽƾƞƿƫƺƹƞƶ ƿƞƨƨƫƹƨᅺ ᄬǀƞƹƨ ƣƿ ƞƶᄙᄕ ᇴᇲᇳᇲᄭ ƽƣƶƞƿƣƢ ƿƺ ƺƿƩƣƽ ƤƺƽƸƾ
ƺƤ ơƺƶƶƞƟƺƽƞƿƫǁƣ ƿƞƨƨƫƹƨ ƺƽ ᅵƤƺƶƴƾƺƹƺƸDŽᅷᄙ ƩƣDŽ ƸƞDŽ Ƣƣƽƫǁƣ ƤƽƺƸ ƹƿƣƽƹƣƿ ƣƶƞDŽ
Ʃƞƿ ᄬᄭ ơƺƹǁƣƹƿƫƺƹƾ Ƥƺƽ ƹƞƸƫƹƨ ơƩƞƹƹƣƶƾ ᄬᇇƠƨƞƵƵƢƳƵƞƴƢᄭᄕ ǂƩƣƽƣ ƞ ơƩƞƹƹƣƶ
ƫƾ ƿƩƣ ƣƾƾƣƹƿƫƞƶ ƸƣơƩƞƹƫƾƸ ƿƩƞƿ ƻƣƺƻƶƣ ǀƾƣ ƿƺ ơƺƸƸǀƹƫơƞƿƣ ǂƫƿƩ ƣƞơƩ ƺƿƩƣƽ
Ƣǀƽƫƹƨ ƞƹ  ƾƣƾƾƫƺƹᄙ Ʃƣ ᇱ ơƩƞƽƞơƿƣƽ ƫƾ ơƺƸƸƺƹƶDŽ ǀƾƣƢ ƿƺ Ƹƞƽƴ ƞ ƶƞƟƣƶ ƿƩƞƿ
ƿƩƣ ǀƾƣƽ Ʃƞƾ ƞƾƾƫƨƹƣƢ ƿƺ ƞ ƿǂƣƣƿᄙ ƺƽ ƣǃƞƸƻƶƣᄕ ᇇƮƼƺƻƩƵƟƩƢƟƢƹ ƫƹ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ
ƫƹƢƫơƞƿƣƾ ƿƩƞƿ ƿƩƣ ƿǂƣƣƿ ƫƾ ƞƟƺǀƿ ƿƩƫƾ ơƣƶƣƟƽƫƿDŽᄘ
ᇗƾƣƽ ሿ ƫƤ DŽƺǀ  ƿƩƣ ƹƣǂ ǁƫƢƣƺᄛ ƩƿƿƻᄘᄧᄧƿƩƣƻƺƻƸƺƹƾƿƣƽᄙƿǀƸƟƶƽ
ᄙơƺƸᄧ ᇱưǀƾƿƫƹƟƫƣƟƣƽ ᇱƟƞƟDŽ ᇱƸDŽǂƺƽƶƢᇴᄙᇲ ᇱƫƶƺǁƣƟƞƟDŽ
Ʃƣ ƶƞƟƣƶ Ƹƣƞƹƾ ƿƩƞƿ ƺƿƩƣƽ Ƥƞƹƾ ƺƤ ƫƣƟƣƽ ơƞƹ ƧƬƹƢ ƿƩƣ ƿǂƣƣƿ ƣǁƣƹ ƿƩƺǀƨƩ ƿƩƣ
ƶƣǃƫƾ ᅵǀƾƿƫƹ ƫƣƟƣƽᅷ Ƣƺƣƾ ƹƺƿ ƺơơǀƽ ƫƹ ƿƩƣ ƟƺƢDŽ ƺƤ ƿƩƣ ƿǂƣƣƿᄙ ƩƣDŽ ƸƞDŽ Ƣƺ ƿƩƫƾ
ƟDŽ ƾƣƞƽơƩƫƹƨ Ƥƺƽ ƿƩƣ ƿƞƨ ǁƫƞ ƿƩƣ ƾƣƞƽơƩ ƫƹƿƣƽƤƞơƣ ƿƩƞƿ ǂƫƿƿƣƽ ƻƽƺǁƫƢƣƾᄕ ƺƽᄕ ƫƤ ƿƩƣDŽ
ƞƽƣ ƶƫƴƣƶDŽ ƿƺ Ʃƞǁƣ ƞƹ ƺƹᅟƨƺƫƹƨ ƫƹƿƣƽƣƾƿ ƫƹ ƿƩƣ ƿƞƨᄕ ƿƩƣDŽ ƸƞDŽ ƣƶƣơƿ ƿƺ ƾǀƟƾơƽƫƟƣ ƿƺ
ƞ ƤƣƣƢ ƺƤ ƿǂƣƣƿƾ ơƺƹƿƞƫƹƫƹƨ ƿƩƫƾ ƿƞƨᄕ ƞ ƻƽƺơƣƾƾ ƴƹƺǂƹ ƞƾ ᅵƤƺƶƶƺǂƫƹƨᅷ ƿƩƣ ƿƞƨᄙ Ʃƫƾ
ƤǀƹơƿƫƺƹƞƶƫƿDŽ ƞƶƶƺǂƾ ƞ ơƺƸƸǀƹƫƿDŽ ƺƤ ƫƹƿƣƽƣƾƿƣƢ Ƥƺƶƶƺǂƣƽƾ ƿƺ ƞơơǀƸǀƶƞƿƣ ƞƽƺǀƹƢ
ƞ ƿƞƨᄙ Ʃƣƽƣ ƫƾ ƞƶƾƺ ơƺƹƾƫƢƣƽƞƟƶƣ ƾƻƞơƣ Ƥƺƽ ƾƣƸƫƺƿƫơ ƻƶƞDŽ ǂƫƿƩ ƩƞƾƩƿƞƨƾᄕ ǂƫƿƩ
ƾƺƸƣ ǀƾƣƽƾ ƣƸƻƶƺDŽƫƹƨ ƿƩƣƸ ƿƺ ƫƹƾơƽƫƟƣ ǁƞƶǀƣ ƻƺƾƫƿƫƺƹƾ ƢƫƽƣơƿƶDŽ ᄬƤƺƽ ƣǃƞƸƻƶƣᄕ
ƹ ƿƩƫƾ ƫƹƾƿƞƹơƣ  ƫƾ Ɵƣƫƹƨ ǀƾƣƢ ƞƾ ƞƹ ƫƸƻƣƽƞƿƫǁƣ ᄬƞƾƴƫƹƨ ƞƹƺƿƩƣƽ ǀƾƣƽ ƿƺ ƽƣƿǂƣƣƿƾƺƸƣƿƩƫƹƨᄭ
ƽƞƿƩƣƽ ƿƩƞƹ ƿƺ Ƹƞƽƴ ƞ ƽƣƿǂƣƣƿƣƢ ƿƣǃƿᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇻᇳ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ᇱƫƩƞƿƣưǀƾƿƫƹƟƫƣƟƣƽᄭ ƺƽ ơƽƣƞƿƣ ƩǀƸƺƽƺǀƾ ƽƣƤƣƽƣƹơƣƾ ƿƩƞƿ ƞƽƣ ǀƹƶƫƴƣƶDŽ ƿƺ Ɵƣ ơƞƹᅟ
ƢƫƢƞƿƣƾ ƞƾ ƾƣƞƽơƩ ƿƣƽƸƾᄙ
Ʃƞƽƫƹƨ ǁƞƶǀƞƿƫƺƹ ƫƹ ƫơƽƺƟƶƺƨƨƫƹƨ
ƫơƽƺƟƶƺƨƨƫƹƨ ƫƾ ƽƞƽƣƶDŽ ƞƟƺǀƿ ƻƽƣƾƣƹƿƫƹƨ ƟƞƶƢ Ƥƞơƿƾ ƺƽ ƹƞƽƽƞƿƫƹƨ ƞơƿƫǁƫƿDŽᄙ Ʃƫƶƣ
ƫƿ ơƞƹ Ɵƣ ƞƹ ƫƸƸƣƢƫƞƿƣ ǂƞDŽ ƿƺ Ƣƣƶƫǁƣƽ ƫƹƤƺƽƸƞƿƫƺƹ ƿƺ ƞƹ ƞǀƢƫƣƹơƣᄕ ƿƩƫƾ ƫƾ
ƹƺƿ ǀƹƢƣƽƿƞƴƣƹ ƫƹ ƞƹ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ǁƺƫƢᄙ ƣ ǀƾƣ ƾƺơƫƞƶ ƸƣƢƫƞ ƫƹ ƿƩƣ ƾƣƽǁƫơƣ
ƺƤ ƾƩƞƽƫƹƨ ǁƞƶǀƣƾ ƞƾ ƞ ǂƞDŽ ƺƤ ơƺƸƸǀƹƫơƞƿƫƹƨ ƺǀƽ ƣǃƻƣƽƫƣƹơƣ ƺƤ ƿƩƣ ǂƺƽƶƢ
ƞƹƢ ƞƦƧƬƶƫƞƿƫƹƨ ǂƫƿƩ ƺƿƩƣƽƾᄙ ƫơƽƺƟƶƺƨƨƫƹƨ ƾƣƽǁƫơƣƾ ƾǀơƩ ƞƾ ǂƫƿƿƣƽ ƞƽƣ ƺƤƿƣƹ
ƻƞƽƺƢƫƣƢ ƞƾ ƿƩƣ ƢƺƸƞƫƹ ƺƤ ƿƩƣ ƾƣƶƤᅟƺƟƾƣƾƾƣƢ ƺƽ ơƺƸƻǀƶƾƫǁƣᄕ ƿƩƣ ƴƫƹƢ ƺƤ ǀƾƣƽ
ǂƩƺ ǂƺǀƶƢ ƻƺƾƿᄘ  ƨƞơ ƻƶƞƺƻ ƣƶƹ ƟƹƢƞƲƣƞƺƻƼƺƻ ƦƪƵƩƺƨƢơ ƟƹƢƞƲƣƞƺƻᄕ ƞƹƢ ƟƶƼƻ ƻƶ
ƳƢƞƽƢ ƣƶƹ ƾƶƹƲᄙ Ʃƫƶƣ ƞƸǀƾƫƹƨᄕ ƿƩƫƾ ƴƫƹƢ ƺƤ ơƩƞƽƞơƿƣƽƫƾƞƿƫƺƹ Ƣƺƣƾ ƹƺƿ ƽƣƥƷƣơƿ ƿƩƣ
ơƺƸƻƶƣǃ ǂƞDŽƾ ƫƹ ǂƩƫơƩ ƸƫơƽƺƟƶƺƨƨƫƹƨ ƫƾ ƫƹƿƣƨƽƞƿƫƹƨ ƫƿƾƣƶƤ ƫƹƿƺ ƾƺơƫƞƶ ƶƫƤƣ ƞƹƢ
ƫƿƾ ƽƞƻƫƢ ƨƽƺǂƿƩ ƞƾ ƞ ƿƣơƩƹƺƶƺƨDŽ Ƥƺƽ ƾƩƞƽƫƹƨ ƾƺơƫƞƶ ƟƺƹƢƾᄙ ƺƸƣ ơƺƸƸƣƹƿƞƿƺƽƾ
Ʃƺǂƣǁƣƽᄕ Ʃƞǁƣ Ɵƣƨǀƹ ƿƺ ƞƻƻƽƣơƫƞƿƣ ƿƩƣ ƫƸƻƺƽƿƞƹơƣ ƺƤ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨᄕ
ƺƟƾƣƽǁƫƹƨ ƿƩƞƿ ǁƞƶǀƣƢ ᄬƞƹƢ ƿƩǀƾ ƩƫƨƩƶDŽ ƽƣƿǂƣƣƿƣƢᄭ ƿǂƣƣƿƾ ᅸƿƣƹƢ ƿƺ Ƹƞƴƣ ƞƹ
ƺƟƾƣƽǁƞƿƫƺƹᄕ ƿƞƴƣ ƞ ƾƿƞƹơƣᄕ ƺƽ ơƽƞơƴ ƞ ưƺƴƣᅭƹƺƹƣ ƺƤ ǂƩƫơƩ Ƥƞƶƶ ǀƹƢƣƽ ƿƩƣ
ǀƸƟƽƣƶƶƞ ƺƤ ǀƾƫƹƨ ǂƫƿƿƣƽ ƿƺ ƿƣƶƶ ƿƩƣ ǂƺƽƶƢ ǂƩƞƿ DŽƺǀᅷƽƣ Ƣƺƫƹƨᅺ ᄬơƽƞơƴƣƹᄕ
ᇴᇲᇲᇻᄭᄙ
ƺ Ƣƞƿƣ ƿƩƣ ƧƬƣƶƢ ƿƩƞƿ Ʃƞƾ Ƹƺƾƿ ƿƩƺƽƺǀƨƩƶDŽ ƣǃƻƶƺƽƣƢ ƸƫơƽƺƟƶƺƨƨƫƹƨ ƞƾ ƞ
ƽƣƾƺǀƽơƣ Ƥƺƽ ǀƹƢƣƽƾƿƞƹƢƫƹƨ ƣǁƞƶǀƞƿƫǁƣ ƶƞƹƨǀƞƨƣ ƫƾ ƾƣƹƿƫƸƣƹƿ ƞƹƞƶDŽƾƫƾᄕ ƞ ƾǀƟᅟ
ƢƺƸƞƫƹ ƺƤ ơƺƸƻǀƿƞƿƫƺƹƞƶ ƶƫƹƨǀƫƾƿƫơƾᄙ Ʃƫƾ ƞƽƣƞᄕ ƾƺƸƣƿƫƸƣƾ ƞƶƾƺ ƽƣƤƣƽƽƣƢ ƿƺ ƞƾ
ƺƻƫƹƫƺƹ Ƹƫƹƫƹƨᄕ ƞƫƸƾ ƿƺ ƞǀƿƺƸƞƿƫơƞƶƶDŽቀ Ƣƣƿƣơƿ ƣƸƺƿƫƺƹƞƶ ƶƞƹƨǀƞƨƣ ƫƹ ƿƣǃƿᄕ ƾǀơƩ
ƞƾ ƧƬƶƸ ƽƣǁƫƣǂƾ ᄬƩƫƿƣƶƞǂ ƣƿ ƞƶᄙᄕ ᇴᇲᇲᇷᄭᄙ Ʃƣƾƣ ƾƿǀƢƫƣƾ ƺƤƿƣƹ ǀƾƣ Ƣƞƿƞƾƣƿƾ ƢƣƽƫǁƣƢ
ƤƽƺƸ ƾƺơƫƞƶ ƸƣƢƫƞ ƾƿƽƣƞƸƾ ƫƹ ƿƩƣ ƤƺƽƸ ƺƤ ƻǀƟƶƫơ ƽƣƞơƿƫƺƹ ƿƺ Ƹƞưƺƽ ƣǁƣƹƿƾ ƾǀơƩ ƞƾ
ƿƩƣ ƶDŽƸƻƫơƾ ᄬƽǀDžƢ ƣƿ ƞƶᄙᄕ ᇴᇲᇳᇳᄭᄙ ƺƶƶƣƹ ƣƿ ƞƶᄙ ᄬᇴᇲᇲᇻᄭ ƽƣƨƞƽƢ ƞƹ ƫƹƢƫǁƫƢǀƞƶ ƿǂƣƣƿ
ƞƾ ᅸƿƣƸƻƺƽƞƶƶDŽᅟƞǀƿƩƣƹƿƫơ Ƹƫơƽƺƾơƺƻƫơ ƫƹƾƿƞƹƿƫƞƿƫƺƹƾ ƺƤ ƻǀƟƶƫơ ƸƺƺƢ ƾƿƞƿƣᄕ ƾǀƨᅟ
ƨƣƾƿƫƹƨ ƿƩƞƿ ƸƺƢƣƶƶƫƹƨ ƿƩƫƾ ƴƫƹƢ ƺƤ Ƣƞƿƞ ơƞƹ ƽƣǁƣƞƶ ơƺƶƶƣơƿƫǁƣ ƣƸƺƿƫǁƣ ƿƽƣƹƢƾ
ƻƻƶƫơƞƿƫƺƹƾ ƺƤ ƾƣƹƿƫƸƣƹƿ Ƣƣƿƣơƿƫƺƹ ǀƾƫƹƨ ƾƺơƫƞƶ ƸƣƢƫƞ ƫƹơƶǀƢƣ ƻƽƣƢƫơƿƫƺƹ ƺƤ
ƿƩƣ ƾƿƺơƴ Ƹƞƽƴƣƿ ƟƞƾƣƢ ƺƹ ᅵǂƫƿƿƣƽ ƸƺƺƢᅷ ᄬƺƶƶƣƹ ƣƿ ƞƶᄙᄕ ƫƹ ƻƽƣƾƾᄭᄙ ƹƿƣƽƣƾƿƫƹƨƶDŽᄕ
ƺƹƣ ƾƿǀƢDŽ ƤƺǀƹƢ ƣǁƫƢƣƹơƣ ƺƤ ƞƹ ƞƾƾƺơƫƞƿƫƺƹ Ɵƣƿǂƣƣƹ ƽƣƾƻƺƹƾƣ ƿƺ ƫƸƻƺƽƿƞƹƿ
ƣǁƣƹƿƾ ƺƹ ǂƫƿƿƣƽ ƞƹƢ ƞƹ ƫƹơƽƣƞƾƣ ƫƹ ƞǁƣƽƞƨƣ ƹƣƨƞƿƫǁƣ ƾƣƹƿƫƸƣƹƿ ƾƿƽƣƹƨƿƩ ᄬƩƣƶᅟ
ǂƞƶƶ ƣƿ ƞƶᄙᄕ ᇴᇲᇳᇳᄭᄙ
ƺƸƣƿƫƸƣƾᄕ ƨƫǁƣƹ ƿƩƣ ƢƫƦƧƬơǀƶƿDŽ ƺƤ ƞǀƿƺƸƞƿƫơƞƶƶDŽ ƞƹƞƶDŽƾƫƹƨ ƣǁƞƶǀƞƿƫǁƣ ƶƞƹƨǀƞƨƣᄕ ƾƿǀƢƫƣƾ ǂƫƶƶ
ƫƹơƺƽƻƺƽƞƿƣ ƾƺƸƣ ƤƺƽƸ ƺƤ ơƽƺǂƢƾƺǀƽơƫƹƨᄙ
ᇳᇻᇴ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƺǀƻƶƫƹƨ ƞƹƢ ǁƞƶǀƞƿƫǁƣ ƣƞƹƫƹƨ
Ʃƣ ƻƣƽƾƻƣơƿƫǁƣ ƺƹ ƞƸƟƫƣƹƿ ƟƺƹƢƫƹƨ ƞƻƻƶƫƣƢ ƫƹ ƿƩƫƾ ơƩƞƻƿƣƽ ƽƣƶƫƣƾ ǀƻƺƹ ƞ
ƾƺơƫƞƶ ƾƣƸƫƺƿƫơ ƻƣƽƾƻƣơƿƫǁƣ ƺƹ ƶƞƹƨǀƞƨƣ ƞƾ ƫƿ ƫƾ ǀƾƣƢ ƫƹ ƫƿƾ Ƥǀƹơƿƫƺƹƞƶ ơƺƹƿƣǃƿƾ
ᄬƞƶƶƫƢƞDŽᄕ ᇳᇻᇹᇺᄭᄙ Ʃƣ Ƣƫƾơƺǀƽƾƣ ƞƹƞƶDŽƾƫƾ ǀƹƢƣƽƿƞƴƣƹ ƫƾ ƫƹƤƺƽƸƣƢ ƟDŽ DŽƾƿƣƸƫơ
ǀƹơƿƫƺƹƞƶ ƫƹƨǀƫƾƿƫơƾ ᄬᄭᄕ ǂƩƫơƩ ƞơƴƹƺǂƶƣƢƨƣƾ ƿƩƞƿ ƶƞƹƨǀƞƨƣ ƫƾ ƫƿƾƣƶƤ ᅸƤǀƶƶ ƺƤ
ƽƣƾƺǀƽơƣƾ Ƥƺƽ ƹƣƨƺƿƫƞƿƫƹƨ ơƺƸƸǀƹƫƿDŽᅭƟƺƿƩ ƞơƽƺƾƾ ƸƣƿƞƤǀƹơƿƫƺƹƾ ᄬƫƢƣƞƿƫƺƹƞƶ
ƽƣƾƺǀƽơƣƾ ƾǀơƩ ƞƾ ƿƣơƩƹƫơƞƶ ƞƹƢ ƾƻƣơƫƞƶƫDžƣƢ ƶƣǃƫƾᄕ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƽƣƾƺǀƽơƣƾ ƾǀơƩ
ƞƾ ƹƞƸƫƹƨ ƞƹƢ ǁƺơƞƿƫǁƣƾᄭ ƞƹƢ ƞơƽƺƾƾ ƾƿƽƞƿƞ ᄬƞơơƣƹƿƾ ƫƹ ƻƩƺƹƺƶƺƨDŽᄕ ƨƽƞƸƸƞƿƫơƞƶ
ǁƞƽƫƞƿƫƺƹ ƞƹƢ Ƣƫƾơƺǀƽƾƣ ƾƣƸƞƹƿƫơ ƾƿDŽƶƣᄭᅺ ᄬƞƽƿƫƹᄕ ᇴᇲᇳᇲᄘ ᇴᇶᄭᄙ Ʃƣ ƿƩƣƺƽDŽ ƽƣƤƣƽƾ
ƿƺ ƿƩƣ ƢƺƸƞƫƹ ƺƤ Ƹƣƞƹƫƹƨ Ƹƞƴƫƹƨ ƞƾƾƺơƫƞƿƣƢ ǂƫƿƩ ƹƣƨƺƿƫƞƿƫƹƨ ƾƺơƫƞƶ ƟƺƹƢƾ ƞƾ
ƩƵƻƢƹƷƢƹƺƶƵƞƳ ƴƢƞƵƩƵƧᄙ ƿ ƫƾ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨ ƿƩƞƿ ƾǀƾƿƞƫƹƾ ƺƹƶƫƹƣ ƾƺơƫƞƶ
ƹƣƿǂƺƽƴƾᄙ Ʃƣ ƶƞƹƨǀƞƨƣ ǀƾƣƢ ƫƹ ƾƺơƫƞƶ ƸƣƢƫƞᄕ ƻƞƽƿƫơǀƶƞƽƶDŽ ƸƫơƽƺƟƶƺƨƨƫƹƨᄕ ƫƾ
ƞƶƾƺ ǀƹƢƣƽ ƾƫƨƹƫƧƬơƞƹƿ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƻƽƣƾƾǀƽƣᄙ ƹ ƿƩƣ ƺƹƣ ƩƞƹƢᄕ ƿƩƣ ƶƞƹƨǀƞƨƣ
ƫƾ ƢƣƻƶƺDŽƣƢ ƫƹ ƞ ƸƺƢƞƶƫƿDŽ ǂƩƣƽƣ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨƾ ƿƩƞƿ ƸƫƨƩƿ ƺƿƩƣƽǂƫƾƣ
Ɵƣ ƣǃƻƽƣƾƾƣƢ ƻƞƽƞƶƫƹƨǀƫƾƿƫơƞƶƶDŽ Ƹǀƾƿ Ɵƣ ƣǃƻƽƣƾƾƣƢ ǁƫƞ ƺƿƩƣƽ Ƹƣƞƹƾᄙቁ ƹ ƿƩƣ
ƺƿƩƣƽ ƩƞƹƢᄕ ƫƿ ƫƾ ƟƺǀƹƢ ƟDŽ ƿƩƣ ƹƣƣƢ Ƥƺƽ ƶƫƹƨǀƫƾƿƫơ ƣơƺƹƺƸƫƣƾ ƞƽƫƾƫƹƨ ƤƽƺƸ ƿƩƣ
ơƩƞƽƞơƿƣƽ ơƺƹƾƿƽƞƫƹƿƾ ƫƸƻƺƾƣƢ ƺƹ Ƹƫơƽƺƻƺƾƿƾᄙ
ƹ ƞƢƺƻƿƫƹƨ ƞ ƾƺơƫƞƶ ƾƣƸƫƺƿƫơ ƞƻƻƽƺƞơƩ  ƶƺƺƴ ƟƺƿƩ ƼǀƞƶƫƿƞƿƫǁƣƶDŽ ƞƹƢ Ƽǀƞƹƿƫᅟ
ƿƞƿƫǁƣƶDŽ ƞƿ ƿƩƣ ǂƞDŽƾ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨ ơƺᅟƻƞƿƿƣƽƹƾ ǂƫƿƩ ƫƢƣƞƿƫƺƹƞƶ Ƹƣƞƹᅟ
ƫƹƨ ƫƹ ƿƣǃƿƾᄙ Ʃƣ ƿƩƣƺƽƣƿƫơƞƶ Ɵƞƾƫƾ ƺƤ ƿƩƫƾ ƞƻƻƽƺƞơƩ ƫƾ ƿƩƣ ơƺƹơƣƻƿ ƺƤ ᅵơƺǀƻƶƫƹƨᅷ
ƫƹƿƽƺƢǀơƣƢ ƟDŽ ƞƽƿƫƹ ᄬᇴᇲᇲᇲᄭ ƞƹƢ ƿƞƴƣƹ ǀƻ ƟDŽ Ʃƞƺ ᄬᇴᇲᇳᇲᄕ Ʃƞƺᄕ ᇴᇲᇳᇳᄭ ơƺƽƽƣơƿᄞ
ƞƹƢ ƞƻᅟ
ƻƞǁƫƨƹƞ ƣƿ ƞƶᄙ ᄬᇴᇲᇲᇺƟᄭ Ƥƺƽ ƶƺƺƴƫƹƨ ƞƿ ƿƣǃƿǀƞƶ ƽƣƶƞƿƫƺƹƾᄘ
ƺǀƻƶƫƹƨ ơƺƹơƣƽƹƾ ƿƩƣ ƿƣƸƻƺƽƞƶ ƽƣƶƞƿƫƺƹ ƺƤ ᅵƾƩƻƨᅷᄘ ǁƞƽƫƞƟƶƣ ƿơƺƸƣƾ ǂƫƿƩ
ǁƞƽƫƞƟƶƣ ǀᄙ ƺ ƻǀƿ ƫƿ ƞƹƺƿƩƣƽ ǂƞDŽᄕ ƫƿ ƫƾ ƿƩƣ ƽƣƶƞƿƫƺƹ ƤƺƽƸƣƢ Ɵƣƿǂƣƣƹ ƿǂƺ
ƾƣƸƫƺƿƫơ ƣƶƣƸƣƹƿƾ ƞƿ ƺƹƣ ƨƫǁƣƹ ƻƺƫƹƿ ƫƹ ƿƫƸƣ ǂƫƿƩƫƹ ƿƩƣ ƶƺƨƺƨƣƹƣƿƫơ ƿƫƸƣᅟ
ƤƽƞƸƣᄙ ƺǀƻƶƫƹƨ ơƞƹ Ɵƣ ƤƺƽƸƣƢ Ɵƣƿǂƣƣƹ ƸƣƿƞƤǀƹơƿƫƺƹƞƶ ǁƞƽƫƞƟƶƣƾ ᄬƣᄙƨᄙ
ƫƢƣƞƿƫƺƹƞƶ ƞƹƢ ƫƹƿƣƽƻƣƽƾƺƹƞƶᄭᄕ Ɵƣƿǂƣƣƹ ƢƫƦƤƣƽƣƹƿ ƾƣƸƫƺƿƫơ ƽƣƾƺǀƽơƣƾ ᄬƣᄙƨᄙ
ƫƸƞƨƣ ƞƹƢ ǁƣƽƟƫƞƨƣᄭ ƞƹƢ ƞơƽƺƾƾ ƾƿƽƞƿƞ ᄬƣᄙƨᄙ ƾƣƸƞƹƿƫơƾ ƞƹƢ ƻƩƺƹƺƶƺƨDŽᄭᄙ
ᄬح؛ؔآᄕ ᇴᇲᇳᇳ ƫƹƾƣƽƿ ƻǀƹơƿǀƞƿƫƺƹ Ƹƞƽƴᄞ
أᄙ ᇳᇶᇶᄭ
Ʃƫƾ ƻƣƽƾƻƣơƿƫǁƣ ƫƾ ƞƢƺƻƿƣƢ ƫƹ ƿƞƹƢƣƸ ǂƫƿƩ ơƺƹơƣƻƿƾ Ƣƽƞǂƹ ƤƽƺƸ ơƺƽƻǀƾ ƶƫƹᅟ
ƨǀƫƾƿƫơƾ ƺƤ ơƺƶƶƺơƞƿƫƺƹ ƞƹƢ ơƶǀƾƿƣƽƫƹƨ ᄬƫƹ ƻƞƽƿƫơǀƶƞƽ ƹᅟƨƽƞƸƾᄕ ƺƽ ǂƺƽƢ ƶƣǁƣƶ
ƾƣƼǀƣƹơƣƾᄭ ƞƾ Ƹƣƞƹƾ ƺƤ ƣǃƻƶƺƽƫƹƨ ƾDŽƹƿƞƨƸƞƿƫơ ƽƣƶƞƿƫƺƹƾƩƫƻƾ ƫƹ ƿƣǃƿƾᄙ
ƺǂƣǁƣƽᄕ ƞƾ ǂƣ ǂƫƶƶ ƾƣƣᄕ ƿƩƣ ƸƣƢƫǀƸ Ƣƺƣƾ ƞƦƤƺƽƢ ƹƣǂ Ƹƣƞƹƫƹƨ ƻƺƿƣƹƿƫƞƶ ƹƺƿ ƻƺƾƾƫƟƶƣ ƫƹ
ƤƞơƣᅟƿƺᅟƤƞơƣ ơƺƸƸǀƹƫơƞƿƫƺƹᄕ ƞƹƢ ƫƿ ƫƾ ƻƺƾƾƫƟƶDŽ ƹƺƿ ǁƣƽDŽ ƻƽƺƢǀơƿƫǁƣ ƿƺ ơƺƹƿƫƹǀƣ ƿƩƫƹƴƫƹƨ ƺƤ
ƺƹƶƫƹƣ ơƺƸƸǀƹƫơƞƿƫƺƹ ƞƾ ƿƩƣ ƻƺƺƽ ơƺǀƾƫƹ ƺƤ ƾƻƺƴƣƹ Ƣƫƾơƺǀƽƾƣᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇻᇵ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƞƺ ᄬᇴᇲᇳᇳᄭ ƞƽƨǀƣƾ ƿƩƞƿ ơǀƶƿǀƽƣƾ ƫƹơƶƫƹƣ ƿƺǂƞƽƢ ƾƿƞƟƶƣ ơƺǀƻƶƫƹƨ ƻƞƿƿƣƽƹƾ
ǂƩƣƹ ǁƫƣǂƣƢ ƤƽƺƸ ƿƩƣ ƻƣƽƾƻƣơƿƫǁƣ ƺƤ ƞ ƻƞƽƿƫơǀƶƞƽ ƿƫƸƣƤƽƞƸƣ ᄬƤƺƽ ƫƹƾƿƞƹơƣƾᄕ ƞ
Ʃƫƾƿƺƽƫơƞƶ ƻƣƽƾƻƣơƿƫǁƣᄭ ƞƹƢ ƿƩƞƿ ƞ ƾƣƿ ƺƤ ƾƿƞƟƶƣ ơƺǀƻƶƫƹƨ ƻƞƿƿƣƽƹƾ ơƞƹ ƿƩƣƺƽƣƿƫᅟ
ơƞƶƶDŽ Ɵƣ ƢƣƾơƽƫƟƣƢᄕ ƹƺƿƫƹƨ ƿƩƞƿ ơƺǀƻƶƫƹƨ ƫƾ ƞ ƻƽƺơƣƾƾ ƞƹƢ ƿƩƞƿ ơǀƶƿǀƽƣƾ ơƩƞƹƨƣ
ƺǁƣƽ ƿƫƸƣᄙ Ʃƫƾ ƸƺƢƣƶƶƫƹƨ ƻƣƽƾƻƣơƿƫǁƣ ƫƾ ƞƴƫƹ ƿƺ ƞƴƩƿƫƹᅷƾ ᄬᇳᇻᇺᇸᄭ ǂƺƽƴ ƺƹ ƾƻƣƣơƩ
ƨƣƹƽƣƾ ƞƾ ƾƿƞƟƶƣ ƻƞƿƿƣƽƹƾ ƺƤ ǀƿƿƣƽƞƹơƣᄙ ƹ ƞ ƾƫƸƫƶƞƽ ǁƣƫƹ ƹƫƨƩƿᅷƾ ᄬᇴᇲᇳᇲᄭ ƸƺƢƣƶ
ƺƤ ƞƦƧƬƶƫƞƿƫƺƹᄕ ƢƣǁƣƶƺƻƣƢ ƿƩƽƺǀƨƩ ƞƹƞƶDŽƾƫƾ ƺƤ ơƺƹǁƣƽƾƞƿƫƺƹƞƶ ƩǀƸƺǀƽᄕ ƢƣƾơƽƫƟƣƾ
ᅸơƺƸƸǀƹƞƶ ƫƢƣƹƿƫƿDŽ ƞƾ ƢƫƾơǀƽƾƫǁƣƶDŽ ƹƣƨƺƿƫƞƿƣƢ ƫƹ ƿƣǃƿᅺ ƫƹ ƿƣƽƸƾ ƺƤ ơƺǀƻƶƫƹƨ
ᄬƹƫƨƩƿᄕ ᇴᇲᇳᇲᄘ ᇶᇵᄭᄙ Ʃƣ ƸƺƢƣƶ ơƺƹƾƫƢƣƽƾ Ʃƺǂ ơƺƸƸǀƹƫƿƫƣƾ ƤƺƽƸ ƞƾ ƻƣƺƻƶƣ ƽƞƶƶDŽ
ƞƽƺǀƹƢᄕ ƢƣƤƣƽᄕ ƺƽ ƽƣưƣơƿ ƢƫƦƤƣƽƣƹƿ ǁƞƶǀƣƾ ơƺƹƾƿƽǀƣƢ ƫƹ ƶƞƹƨǀƞƨƣ ᄬƹƫƨƩƿᄕ ᇴᇲᇲᇺᄭᄙ
ơơƺƽƢƫƹƨ ƿƺ ƹƫƨƩƿᄕ ƾƺơƫƞƶ ƟƺƹƢƾ ƞƽƣ ƹƣƨƺƿƫƞƿƣƢ ǁƫƞ ơƺǀƻƶƫƹƨƾ ƺƤ ƫƢƣƞƿƫƺƹƞƶ
ƞƹƢ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨ ƫƹ Ƣƫƾơƺǀƽƾƣᄕ ƞƹƢ ᅸǂƣ ƢƫƾơǀƽƾƫǁƣƶDŽ ƹƣƨƺƿƫƞƿƣ ƺǀƽ
ơƺƸƸǀƹƞƶ ƫƢƣƹƿƫƿƫƣƾ ƿƩƽƺǀƨƩ ƟƺƹƢƾ ƿƩƞƿ ǂƣ ơƞƹ ƾƩƞƽƣᄕ ƞƹƢ ƿƩƣƾƣ ƟƺƹƢƾ Ƹƞƴƣ
ǀƻ ƿƩƣ ǁƞƶǀƣ ƾƣƿƾ ƺƤ ƺǀƽ ơƺƸƸǀƹƫƿƫƣƾ ƞƹƢ ơǀƶƿǀƽƣᄕ Ɵǀƿ ƿƩƣDŽ ƞƽƣ ƹƺƿ ƾƿƞƟƶƣ ƞƹƢ
ƧƬǃƣƢᅺ ᄬƹƫƨƩƿᄕ ᇴᇲᇳᇲᄘ ᇶᇵᄭᄙ Ʃƫƾ ơƩƞƻƿƣƽ ǂƫƶƶ ơƺƹƾƫƢƣƽ ƺƹƣ ƾǀơƩ ƾƿƽƞƿƣƨDŽ Ƥƺƽ ƹƣƨƺᅟ
ƿƫƞƿƫƺƹ ƺƤ ơƺǀƻƶƫƹƨƾ ƫƹ ƿƣƽƸƾ ƺƤ ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾᄕ ǂƩƫơƩ  ƫƹƿƽƺƢǀơƣ ƫƹ ƿƩƣ
Ƥƺƶƶƺǂƫƹƨ ƾƣơƿƫƺƹᄙ
ƺƹƿƫƹƨƣƹơDŽ ƣƶƞƿƫƺƹƾ ƞƹƢ ƣƽƫƢƫơƞƶƫƿDŽ
ƽƹƞǁƞơ ƞƹƢ ƞƟƺƞƢƞ ᄬᇴᇲᇳᇲᄭ Ʃƞǁƣ ƹƺƿƣƢ ƞƹ ƫƹƿƣƽƞơƿƫƺƹ Ɵƣƿǂƣƣƹ ƣǁƞƶǀƞƿƫƺƹ ƞƹƢ
ƽƩƣƿƺƽƫơƞƶ ƽƣƶƞƿƫƺƹƾ ƫƹ ƿƣƽƸƾ ƺƤ ᄬƹƺƹᄭǁƣƽƫƢƫơƞƶƫƿDŽᄙ ƺƽ ƣǃƞƸƻƶƣᄕ ơƺƹƾƫƢƣƽ ƿƩƣ
Ƥƺƶƶƺǂƫƹƨ ơƺƹơƺƽƢƞƹơƣ ƶƫƹƣƾ ƾƩƺǂƫƹƨ ƣǃƞƸƻƶƣƾ ƺƤ ƹƺƹǁƣƽƫƢƫơƞƶƫƿDŽ ƿƞƴƣƹ ƤƽƺƸ
ᄙ Ʃƣƾƣ ƣǃƞƸƻƶƣƾ ƣƸƻƶƺDŽ ơƺƹƿƫƹƨƣƹơDŽ ƿƺ ƼǀƞƶƫƤDŽ ƿƩƣ ƣǁƞƶǀƞƿƫƺƹ ƸƞƢƣᄘ
Ʃƫƾ ƫƾ ƢƣƧƬƹƞƿƣƶDŽ ƾƺƸƣƿƫƹƨ  ǂƺǀƶƢ ƹƺƿ Ɵƣ ǂƞƿơƩƫƹƨ ƫƤ ƫƿ ǂƞƾ ƹƺƿ ƿƩƣ
ᇱƺƶDŽƸƻƫơƾ
ᇗƾƣƽ ƹƢ ƫƤ ƫƿ ƩƞƢ Ɵƣƣƹ ƺƹƣ ƺƤ ƸDŽ ƨǀDŽ ƤƽƫƣƹƢƾ ƫƿ ǂƺǀƶƢ Ʃƞǁƣ ưǀƾƿ Ɵƣƣƹ
ƤǀƹƹDŽ
ᇗƾƣƽ ƿ Ƣƺƣƾ ƾƞDŽ ƞƶƺƿ ƞƟƺǀƿ ǀƹƣ  ƿƩƞƿ ƻƣƺƻƶƣ ƾƞDŽ ƫƤ ƫƿ ƩƞƢ ƻƩƺƹƣ
ơƞƻƞƟƫƶƫƿƫƣƾ ƿƩƣDŽᅷƢ ƟǀDŽ ƫƿ ƫƹ ƞ ƩƣƞƽƿƟƣƞƿᄙ
ƺᄕ ƿƩƣ ƹƣǂ ƣ ƽƣ Ʃƣ ƺƽƶƢ ƫƾ ƽƣƞƶƶDŽ ƨƺƺƢᄕ Ɵǀƿ  Ɵƣƿ ƫƿ ǂƺǀƶƢ Ɵƣ ƸǀơƩ
Ɵƣƿƿƣƽ ƫƤ ƫƿ ƩƞƢ ƣƸƫ ƫƹ ƫƿᄙ ᄘ
ᇗƾƣƽ ƣǂǂǂ ƶƺƶᄕ ƫƤ ƫƿ ǂƞƾ ơƩƺơƺƶƞƿƣ Ƹƫƶƴ ƤƽƺƸ ơƺơƺ ƻǀƦƤƾ ƿƩƞƿ ǂǀƢƢƞ
Ɵƣƣƹ Ƣƣơƣƹƿ ƿƩƺ
ᇳᇻᇶ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƣ ƣǁƞƶǀƞƿƫƺƹƾ ƸƞƢƣ ƞƽƣ ƿƣƸƻƣƽƣƢ ƟDŽ ƞ ƹƺƹǁƣƽƫƢƫơƞƶ ƣƶƣƸƣƹƿ ƽƣƞƶƫDžƣƢ ƞƾ
ƞ ƩDŽƻƺƿƞơƿƫơ ƫƤᅟơƶƞǀƾƣ ᄬƾƩƺǂƹ ƫƹ ƟƺƶƢᄭᄙ Ʃƣƾƣ ƾƣƽǁƣ ƿƺ ƻƶƞơƣ ơƺƹƾƿƽƞƫƹƿƾ ƺƹ ƿƩƣ
ƾơƺƻƣ ƺƤ ƿƩƣ ƣǁƞƶǀƞƿƫƺƹ ƽƣƞƶƫDžƣƢ ƞƾ ƞ ƢƣƻƣƹƢƣƹƿ ơƶƞǀƾƣᄙ ƣƾƺǀƽơƣƾ Ƥƺƽ ƿƣƸƻƣƽƫƹƨ
ƣǁƞƶǀƞƿƫƺƹ ƞƽƣ ǀƾǀƞƶƶDŽ ƫƹǁƺƶǁƣƢ ƫƹ ƻƽƺƾƺƢƫƣƾ ƺƤ Ƣƫƾƾƫƻƞƿƫƺƹ ᄬƽƞƿƩƣƽ ƿƩƞƹ ƻƽƺƻᅟ
ƞƨƞƿƫƺƹᄭ ǂƩƣƽƣƟDŽ ƣǁƞƶǀƞƿƫǁƣ Ƹƣƞƹƫƹƨƾ ƞƽƣ ƢƫƦƤǀƾƣƢ ƽƞƿƩƣƽ ƿƩƞƿ ƞơơǀƸǀƶƞƿƣƢ
ᄬƞƻƻƞǁƫƨƹƞ ƣƿ ƞƶᄙᄕ ᇴᇲᇲᇺƞᄕ ƺƺƢᄕ ᇴᇲᇳᇲᄭᄙ
ؙؚبإؘ ᇳ Ʃƣ ƾDŽƾƿƣƸ ƺƤ ơƺƹƾƣƼǀƣƹƿƫƞƶ ƽƣƶƞƿƫƺƹƾ ᄬƞƽƿƫƹ ᇳᇻᇻᇴᄘ ᇳᇻᇷᄭᄙ
ƞƽƿƫƹ ᄬᇳᇻᇻᇴᄭ ơƶƞƾƾƫƧƬƣƾ ƿƩƣ ƴƫƹƢ ƺƤ ƶƺƨƫơƺᅟƾƣƸƞƹƿƫơ ƽƣƶƞƿƫƺƹ ƫƹǁƺƶǁƣƢ ƫƹ ƫƤᅟƿƩƣƹ
ƾƿƽǀơƿǀƽƣƾ ƞƾ ƞ ơƞǀƾƞƶ ƽƣƶƞƿƫƺƹ ƺƤ ơƺƹƿƫƹƨƣƹơDŽ ᄬƫƨǀƽƣ ᇳᄭᄙ ƾ ƿƩƫƾ ƧƬƨǀƽƣ ƫƹƢƫơƞƿƣƾ
ƿƩƣ ƶƺƨƫơƞƶ ƽƣƶƞƿƫƺƹ ƺƤ ƠƶƵơƩƻƩƶƵ ơƞƹ Ɵƣ ƫƹƿƣƽƻƽƣƿƣƢ ƫƹ ƿƣƽƸƾ ƺƤ ƿƩƣ ƫƹƿƣƽƻƣƽᅟ
ƾƺƹƞƶ ƢƫƸƣƹƾƫƺƹƾ ƺƤ ƸƺƢǀƶƞƿƫƺƹ ᄬƺƟƶƫƨƞƿƫƺƹᄭ ƞƹƢ ƸƺƢƞƶƫƾƞƿƫƺƹ ᄬƻƽƺƟƞƟƫƶƫƿDŽᄭᄘ
ᅸƫƿƩ ƟƺƿƩ ơƺƹƢƫƿƫƺƹ ƞƹƢ ƻǀƽƻƺƾƣ ƿƩƣ ƽƣƶƞƿƫƺƹ Ɵƣƿǂƣƣƹ ƞǀƾƣ ƞƹƢ ƦƤƣơƿ ƫƾ
ƞ ơƺƹƿƫƹƨƣƹƿ ƺƹƣᄖ ƞƹƢ ƫƹ ƟƺƿƩ ơƞƾƣƾ ƿƩƣ ƦƤƣơƿ ƫƾ ƫƽƽƣƞƶƫƾᅭƿƩƣƽƣ ƫƾ ƞ ƻƺƾƾƫƟƫƶᅟ
ƫƿDŽᄕ ƞ ƻƽƺƟƞƟƫƶƫƿDŽ ƺƽ ƞ ơƣƽƿƞƫƹƿDŽ ƿƩƞƿ ƫƾ ǂƫƶƶ Ɵƣ ƢƣƿƣƽƸƫƹƣƢ ƟDŽ ƿƩƣ ƞǀƾƣᄕ Ɵǀƿ ƞƾ
ƿƩƣ Ƹƣƞƹƫƹƨƾ ƞƽƣ ƸƞƢƣ ƫƿ Ʃƞƾ ƹƺƿ DŽƣƿ ƣƹƾǀƣƢᅺ ᄬƞƽƿƫƹᄕ ᇳᇻᇻᇴ ƻᄙ ᇳᇻᇵᄭᄙ Ʃƫƶƣ ƿƩƣ
ƫƤᅟƿƩƣƹ ơƺƹƿƫƹƨƣƹơƫƣƾ ƾƩƺǂƹ ƫƹ ƿƩƣ ƣǃƞƸƻƶƣƾ ƻƽƣƾƣƹƿƣƢ ƣƞƽƶƫƣƽ ƞƽƣ ƿƩƣ ƿDŽƻƫơƞƶ
ƻƞƿƿƣƽƹᄕ ƾƺƸƣƿƫƸƣƾ ƿƩƣ ƦƤƣơƿ ǂƫƶƶ Ɵƣ ƻƽƣƾƣƹƿƣƢ ƫƹ ƞ ƩƞƾƩƿƞƨ ᄬƾƩƺǂƹ ƫƹ ƟƺƶƢ ƫƹ
ƿƩƣ ƣǃƞƸƻƶƣ Ɵƣƶƺǂᄭᄘ
ƫƤ DŽƺǀ ƿƣƶƶ ƣǁƣƽDŽƟƺƢDŽ ǀ ƿƩƣ Ɵƫƨƨƣƾƿ Ƥƽƣƞƴ Ɵǀƿ ǀ Ƣƺƹᅷƿ ƣǁƣƹ ƣƞƿ ƫƿ ᇱDŽƺǀƾƩƺǀƶƢᅟ
ƟƣƞƾƩƞƸƣƢ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇻᇷ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƺƹƢƣƹƾƫƹƨ ƿƩƣ ƦƤƣơƿ ƫƹƿƺ ƞ ƩƞƾƩƿƞƨ ƾƣƽǁƣƾ ƿƺ ƫƹƿƣƽƻƣƽƾƺƹƞƶƶDŽ ƤƺƽƣƨƽƺǀƹƢ
ƿƩƣ ƹƣƨƞƿƫǁƣ ƣǁƞƶǀƞƿƫƺƹ ƿƞƽƨƣƿƣƢ ƞƿ ƿƩƣ ƫƢƣƞƿƫƺƹ ƫƹ ƿƩƣ ƟƺƢDŽ ƺƤ ƿƩƣ ƿǂƣƣƿ ƾƫƹơƣ
ƫƿ ƻƽƣƾƣƹƿƾ ƿƩƫƾ ƞƾ ƞ ƩƫƨƩƣƽ ƺƽƢƣƽ ƺƤ ƞƟƾƿƽƞơƿƫƺƹ ᄬƞƾ ƫƾ ƿƩƣ Ƥǀƹơƿƫƺƹ ƺƤ ƸƣƿƞƢƞƿƞᄭᄙ
ƺƹƿƫƹƨƣƹơDŽ ƫƾ ƞ ƤƽƣƼǀƣƹƿ Ƥƣƞƿǀƽƣ ƫƹ  ƿǂƣƣƿƾᄕ ƾƫƨƹƞƶƣƢ ƟDŽ ƿƩƣ ƻƺƾƫᅟ
ƿƫƺƹ ƺƤ ቂ ƫƹ ƿƩƣ ǂƺƽƢ ƤƽƣƼǀƣƹơDŽ ƶƫƾƿ ᄬƹ ኙ ᇶᇸᄕ ᇴᇻᇸᄕ ᇸᇶᇷ ƫƹƾƿƞƹơƣƾᄭᄙ ƹƿƣƽƣƾƿƫƹƨƶDŽᄕ
ƿƩƣ ƧƬƤƿƩ Ƹƺƾƿ ơƺƸƸƺƹ ơƺƶƶƺơƞƿƣቃ ƺƤ  ƫƾ ᄕ ƾǀƨƨƣƾƿƫƹƨ ƞ ƽƣƶƞƿƫƺƹ Ɵƣƿǂƣƣƹ
ơƺƹƿƫƹƨƣƹơDŽ ƞƹƢ ƽƣƿǂƣƣƿƫƹƨ ƿƩƞƿ ǂƞƽƽƞƹƿƾ ƤǀƽƿƩƣƽ ƣǃƻƶƺƽƞƿƫƺƹᄙ
اؔؕ؟ؘ ƶƺƻ ƠƶƴƴƶƵ ƠƶƳƳƶƠƞƻƢƺ ƶƣ  ƞƵơ  ƩƵ ჯ
 
ƺƽƢ ƺƿƞƶ ƺƽƢ ƺƿƞƶ
 ᇳᇳᇵᄕᇸᇲᇲ  ᇳᇺᇳᄕᇺᇳᇴ
ᇹᇶᄕᇲᇳᇹ  ᇳᇶᇸᄕᇳᇹ
 ᇷᇹᄕᇸᇺᇲ  ᇳᇲᇺᄕᇸᇲᇷ
 ᇷᇷᄕᇻᇳᇵ ᇳᇲᇸᄕᇵᇵᇳ
 ᇶᇻᄕᇴᇷᇴ  ᇺᇺᄕᇳᇵᇴ
ᇶᇴᄕᇸᇸᇹ  ᇹᇺᄕᇹᇲᇸ
 ᇵᇷᄕᇶᇶᇲ  ᇹᇹᄕᇻᇻᇻ
ᇴᇻᄕᇹᇷᇷ  ᇹᇸᄕᇵᇻᇳ
 ᇴᇸᄕᇹᇺᇸ  ᇹᇵᄕᇳᇲᇲ
ᇳᇲ  ᇴᇶᄕᇸᇹᇸ  ᇷᇷᄕᇷᇷᇳ
ᄚ ᇳᇶ  ᇶᇻᄕᇴᇷᇴ
Ʃƣ Ƹƺƾƿ ơƺƸƸƺƹ ơƶǀƾƿƣƽƾ Ƥƺƽ  ƞƽƣ ƾƩƺǂƹ ƫƹ ƞƟƶƣ ᇴᄙ ƨƞƫƹ  ƫƾ ƫƹ ƞ
ƻƽƺƸƫƹƣƹƿ ƻƺƾƫƿƫƺƹᄕ ǂƫƿƩ    Ɵƣƫƹƨ ƿƩƣ ƾƣơƺƹƢ Ƹƺƾƿ ơƺƸƸƺƹ ƹᅟƨƽƞƸቄ
ƞƹƢ    Ɵƣƫƹƨ ƿƩƣ ƿƣƹƿƩ Ƹƺƾƿ ơƺƸƸƺƹᄙ
ƺƶƶƺơƞƿƣƾ ƞƹƢ ƹᅟƨƽƞƸƾ ƞƽƣ ƾƩƺǂƹ ƫƹ ơƞƻƾ ƿƩƽƺǀƨƩƺǀƿ ƿƩƫƾ ơƩƞƻƿƣƽ
Ʃƣ ƢƣƤƞǀƶƿ ƾƣƿƿƫƹƨ ᄬƧƬǁƣ ǂƺƽƢƾ ƿƺ ƿƩƣ ƶƣƤƿ ƞƹƢ ƿƩƣ ƽƫƨƩƿ ƺƤ ƿƩƣ ƾƣƞƽơƩ ǂƺƽƢᄭ ǂƞƾ ǀƾƣƢ ƫƹ
ƺƽƢƾƸƫƿƩ ƿƺ ơƽƣƞƿƣ ƿƩƣ ơƺƶƶƺơƞƿƣ ƶƫƾƿᄙ
Ʃƣƾƣ ǂƣƽƣ ơƺƸƻǀƿƣƢ ƞǀƿƺƸƞƿƫơƞƶƶDŽ ƟDŽ ƺƽƢƾƸƫƿƩᄙ
ᇳᇻᇸ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
اؔؕ؟ؘ ᇴ ƨƢ ᇉᇈ ƴƶƺƻ ƠƶƴƴƶƵ ƵᄵƧƹƞƴƺ ƣƶƹ  ƩƵ ჯ
 ƶǀƾƿƣƽ ƽƣƼᄙ
   ᇺᄕᇸᇳᇹ
   ᇹᄕᇻᇺᇷ
   ᇸᄕᇵᇹ
   ᇸᄕᇲᇲᇻ
  ᅷ ᇶᄕᇳᇵᇵ
   ᇵᄕᇹᇻᇷ
   ᇵᄕᇷᇶᇲ
    ᇵᄕᇶᇶᇺ
   ᇵᄕᇳᇵᇺ
ᇳᇲ    ᇵᄕᇳᇲᇺ
اؔؕ؟ؘ ᇵ ƩƽƢ ƴƶƺƻ ƠƶƴƴƶƵ ƵᄵƧƹƞƴƺ ƣƶƹ 
 ƶǀƾƿƣƽ ƽƣƼᄙ ǃƞƸƻƶƣ
   ᇳᇶᄕᇴᇸᇵ  ᇗƫƺƫƿᇴᄘ  ƫƤ DŽƺǀ ƧƬƹƢ ƫƿ ƩƞƽƢ ƿƺ ƴƣƣƻ ƞ ƾƿƽƞƫƨƩƿ
Ƥƞơƣ ǂƩƣƹ DŽƺǀƽ ƨƣƿƿƫƹƨ ƿƺƶƢ ƺƦƤ ᇱƫƺƫƿᇴ
   ᇷᄕᇷᇶᇷ ᇗƾƣƽ ƿƩƞƹƴƾ Ƥƺƽ ƿƩƣ ƽƿᄛ
   ᇷᄕᇶᇵᇶ  ᇗƾƣƽᄘ  ƿƩƫƾ ƫƤ   ᄛ
   ᇶᄕᇻᇵᇶ ᇗƾƣƽ ƿƩƞƹƴƾ Ƥƺƽ ƿƩƣ ƽƿᄙ ᄘᄭ
   ᇵᄕᇹᇴᇵ  ᇗƾƣƽᄘ  ƿƩƫƾ ƫƤ DŽƺǀ Ʃƞƿƣ ƫƿ Ʃƺǂ ơǀƿƣ ƨǀDŽƾ ƞƽƣ
ƞƶǂƞDŽƾ ưƣƽƴƾᄙ ᅟᇇᅟ
ƽƣƞƽƽƞƹƨƣƢ ƺƽƢƣƽ ƺƤ ƿƣǃƿ ƞƹƢ ƿƞƟƶƣᄖ ƻƶƣƞƾƣ ơƩƣơƴ
ƺƹƾƫƢƣƽƫƹƨ ƿƩƣ Ƹƺƾƿ ơƺƸƸƺƹ ơƶǀƾƿƣƽƾ Ƥƺƽ ᄕ ǂƣ ƾƣƣ ƞ ƾƫƸƫƶƞƽƶDŽ ƻƽƺƸƫƹƣƹƿ
ƽƣƶƞƿƫƺƹƾƩƫƻ Ɵƣƿǂƣƣƹ  ƞƹƢ ᄙ Ʃƣ Ƹƺƾƿ ơƺƸƸƺƹ ƹᅟƨƽƞƸ Ƥƺƽ  ƫƹ 
ƫƾ    ᄬƞƟƶƣ ᇵᄭᄙ ƹƿƣƽƣƾƿƫƹƨƶDŽᄕ    ᄬᇴᄭᄕ ƿƩƣ Ƹƺƾƿ ơƺƸƸƺƹ
ᇵᅟƨƽƞƸ ƫƹ  ᄬƞƻƻƞǁƫƨƹƞ ᇴᇲᇳᇴᄭ ƫƾ ƞƹ ƣǃƻƽƣƾƾƫƺƹ ƺƤ ƿƩƞƹƴƾ Ƥƺƽ ƾƺơƫƞƶƶDŽ
ƻƽƺƸƺƿƫƹƨ ƞ ǀƾƣƽ ǁƫƞ ƽƣƿǂƣƣƿƫƹƨ ᄬƺƽ ƿƩƣ ƺƶƶƺǂ ƽƫƢƞDŽ ƸƣƸƣቅᄭᄘ
ᅵƺƶƶƺǂ ƽƫƢƞDŽᅷ ƫƾ ƞ ǂƫƿƿƣƽ ƸƣƸƣ ǂƫƿƩ ƿƩƣ Ƥǀƹơƿƫƺƹ ƺƤ ᅸƻƽƺƸƺƿƫƹƨ ƺƿƩƣƽ ƻƣƺƻƶƣ ƺƹ ǂƫƿƿƣƽᅭ
ƞƹDŽƺƹƣ DŽƺǀ ƿƩƫƹƴ DŽƺǀƽ Ƥƺƶƶƺǂƣƽƾ ƾƩƺǀƶƢ ƞƶƾƺ Ɵƣ Ƥƺƶƶƺǂƫƹƨ Ƥƺƽ ƞƹDŽ ƽƣƞƾƺƹᅺ ᄬƺƽƺǁƫƿơƩ ᇴᇲᇲᇻᄭ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇻᇹ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
 ᇗ ƾƣƽᇳ ᄙᄙᄙᄙᄙᄙᄙ
ᇗƾƣƽᇴ Ʃƞƹƴƾ Ƥƺƽ ƿƩƣ  ƞƹƢ Ʃƞǁƣ ƞ ƨƽƣƞƿ ƢƞDŽ
ƹ ƶƫƨƩƿ ƺƤ ƿƩƫƾ ƨƣƹƣƽƞƶ ƽƣƶƞƿƫƺƹƾƩƫƻ Ɵƣƿǂƣƣƹ ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾ ƞƹƢ ƽƣƿǂƣƣƿᅟ
ƫƹƨ ƻƽƞơƿƫơƣƾᄕ  ǂƫƶƶ ƹƺǂ ƣǃƻƶƺƽƣ ƾƺƸƣ Ƹƺƽƣ ƾƻƣơƫƧƬơ ƻƞƿƿƣƽƹƾ ƫƹ Ƹƣƞƹƫƹƨᄙ
ƺƸƸƺƹ ƺƹƿƫƹƨƣƹơDŽ ƣƶƞƿƫƺƹƾ ƫƹ 
Ʃƣ Ƹƺƾƿ ơƺƸƸƺƹ ᇵᅟƨƽƞƸƾ ƫƹǁƺƶǁƣƢ ƫƹ ƫƤᅟƿƩƣƹ ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾ ƞƽƣ ƾƩƺǂƹ
ƫƹ ƞƟƶƣ ᇶᄙ ƾ ƿƩƫƾ ƿƞƟƶƣ ƾǀƨƨƣƾƿƾᄕ  ƫƾ ƞ ǁƣƽDŽ ƤƽƣƼǀƣƹƿ ơƺƶƶƺơƞƿƣᄕ ǂƫƿƩ ǀƾƣƽƾ
ƻƽƺƻƺƾƫƹƨ ƟƺƹƢƾ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƞƹ ƫƸƞƨƫƹƞƽDŽ ƻƣƽƾƺƹƞᄕ ƻƣƽƩƞƻƾ ƞƹ ƞƽơƩƣƿDŽƻƞƶ
Ƥƺƶƶƺǂƣƽ ƺƤ ƿƩƣƫƽ ƿǂƣƣƿƾᄙ ƺƽ ƫƹƾƿƞƹơƣᄕ  ᇷᇺ ơƞƶƶƾ ƿƩƫƾ ƻƣƽƾƺƹƞ ƿƺ ƽƣƿǂƣƣƿ ƿƩƣƫƽ
ƿǂƣƣƿ ƫƤ ƿƩƣDŽ ƾƩƞƽƣ ƞ ƻƺƾƫƿƫǁƣ ƞƻƻƽƣơƫƞƿƫƺƹ ƺƤ ƞ ơƣƶƣƟƽƫƿDŽᄙ  ǂƫƶƶ ƣǃƻƶƺƽƣ ƿƩƫƾ ƿDŽƻƣ
ƺƤ ƻƞƿƿƣƽƹ ƶƞƿƣƽ ƫƹ ƿƩƫƾ ơƩƞƻƿƣƽ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ǀƾƿƫƹ ƫƣƟƣƽ Ƥƞƹƾᄙ  ƺơơǀƽƾ ƫƹ ƿǂƺ
ƺƤ ƿƩƣ ᇵᅟƨƽƞƸƾ ᄬ ኙ ᇷᇺᄕ ƹ ኙ ᇵᇺᇺᄭ ƞƹƢ ƫƾ ƩƫƨƩƶDŽ ƞƾƾƺơƫƞƿƣƢ ǂƫƿƩ ƿƩƣ ƺƿƩƣƽ ᇵᅟƨƽƞƸƾ
ƾƩƺǂƹᄕ ƞƾ ƿƩƣ ƣǃƞƸƻƶƣƾ ƾƞƸƻƶƣ ƾǀƨƨƣƾƿ ᄬƞƟƶƣ ᇶᄭᄙ
اؔؕ؟ؘ ᇶ ƶƴƴƶƵ  ᇋᄵƧƹƞƴƺ ƩƵ ჯ
 ᇵᅟƨƽƞƸ ǃƞƸƻƶƣ
ᇶᇺ     ᇗƾƣƽ ᇗƾƣƽ Ƥ DŽƺǀ ǂƞƹƿ ƤǀƹƢƫƹƨ ƿƺ ơƽƣƞƿƣ ƞ ơƺƸƸǀƹƫƿDŽ
ƤƺƺƢ ƨƽƺǂƫƹƨ ƻƽƺưƣơƿ ƫƹ ƺƹƢƺƹ ƶƺƺƴ ƞƿ ƿƩƫƾ ƩƿƿƻᄘᄧᄧƟƫƿᄙƶDŽᄧ
ᇷƞᇸƨᇳ
ᇷᇺ     ᇗƾƣƽᄘ ƿ ƫƤ DŽƺǀ ƿƩƫƹƴ ᇗƣƶƣƹƞƨƺƸƣDž ƫƾ ƨƺƽƨƣƺǀƾᄙ ᄘᄵ
ᇺᇺ     ᇗƾƣƽᄘ  ƫƤ DŽƺǀ ƞƽƣ ƿƩƣ ᇱᇳ ƽƫƞƹƞ   ᄖ
ᇳᇲᇵ     ᇗƾƣƽᄘ  ƫƤ DŽƺǀ Ʃƞǁƣ Ƹƺƽƣ ƿƩƞƹ ƞ ƩǀƹƢƽƣƢ ƻƩƺƿƺƾ ƺƤ
ᇗưǀƾƿƫƹƟƫƣƟƣƽ ƾƞǁƣƢ ƺƹ DŽƺǀƽ ơƺƸƻǀƿƣƽᄛ ኙ  ᄛ
ᇴᇵᇲ   ᅷ Ƥ DŽƺǀ Ƣƺƹᅷƿ ƴƹƺǂ ƿƩƣ ƻƣƽƾƺƹᄕ ᅷ ƞƢƢ ƿƩƣƸᄛ ᄖᅟᄭ
ᇵᇹᇻ     ᇗƾƣƽᄘ ƣƿǂƣƣƿ ƿƩƫƾ ƫƤ DŽƺǀ ƿƩƫƹƴ ƾƩƶƣDŽ ƺƶƣ ƫƾ ƾƿǀƻƫƢᄙ
ᇵᇺᇺ     ᇗƾƣƽᄘ  ƿƩƫƾ ƫƤ ǀ ƿƩƫƹƴ ƿƩƿ ᇗưǀƾƿƫƹƟƫƣƟƣƽ ƾƩƺǀƶƢ Ʃƞǁƣ
ƫƾ ƺǂƹ ƿǁ ƾƩƺǂᄛᄛ ƫ ǂƺǀƶƢ ǂƞơƩ ƫƿ ƣǁƣƽDŽ ƢƞDŽ ƶƺƶ
Ʃƣ ơƺƹơƣƻƿ ơƣƹƿƽƣƾ ǀƻƺƹ ǀƾƣƽƾ Ƹƣƹƿƫƺƹƫƹƨ ƫƹ ƞ ƿǂƣƣƿ ƻƣƺƻƶƣ ǂƺƽƿƩDŽ ƺƤ ƾǀơƩ ƾǀƟƾơƽƫƻƿƫƺƹ
ƣƞơƩ ƽƫƢƞDŽ
ᇳᇻᇺ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ǂƣƣƿƾ ơƺƹƿƞƫƹƫƹƨ ƿƩƣ ᇵᅟƨƽƞƸ    ƿDŽƻƫơƞƶƶDŽ ƫƹǁƫƿƣ ƿƩƣ ƽƣƞƢƣƽ ƿƺ ƽƣᅟ
ƾƩƞƽƣ ƿƩƣ ƿǂƣƣƿ ƫƤ ƿƩƣDŽ Ƹƣƣƿ ƾƺƸƣ ơƽƫƿƣƽƫƞ ƾƻƣơƫƧƬƣƢ ƟDŽ ƞƹ ƫƤᅟƿƩƣƹ ơƺƹƿƫƹƨƣƹơDŽ
ƽƣƶƞƿƫƺƹ ᄬƞƾ ƣǃƻƶƺƽƣƢ ƣƞƽƶƫƣƽᄭᄙ Ʃƣ Ƹƺƾƿ ơƺƸƸƺƹ ƫƿƣƸƾ ƫƹ ᇳ ƞƽƣ ᄕ ᄕ
ᄕ ᄕ ᄕ ƞƹƢ ƞƶƶ ƞƻƻƣƞƽ ƿƺ ơƺƹƾƿƽǀƣ ƞƾƻƣơƿƾ ƺƤ ƞ ƻƣƽƾƺƹƞ ƞƶƫƨƹƣƢ
ǂƫƿƩ ƿƩƣ ƿǂƣƣƿƣƽ ᄬƞƟƶƣ ᇷᄭᄙ Ʃƣ ƣǃƞƸƻƶƣƾ ƾƩƺǂƹ ƫƹ ƞƟƶƣ ᇷ Ʃƞǁƣ Ɵƣƣƹ ƾƣƶƣơƿƣƢ
ƞƾ ƫƹƾƿƞƹơƣƾ ƿƩƞƿ ƣǃƻƽƣƾƾ ǂƩƞƿ ƿƩƣ ƻƣƽƾƺƹƞ ƺƤ ƞ ǀƾƿƫƹ ƫƣƟƣƽ Ƥƞƹ ƻƨƩƵƲƺძ ƳƶƽƢƺძ
ƾƞƵƻƺძ ƨƞƺᄕ ƞƹƢ Ʃƺ
اؔؕ؟ؘ ᇷ ƶƴƴƶƵ ƩƻƢƴƺ ƩƵ ᇉ ƣƶƹ   
 ᇳ ǃƞƸƻƶƣ
  ᇗƾƣƽᄘ  ƫƤ DŽƺǀ ƿƩƫƹƴ ǀƾƿƫƹ ƫƣƟƣƽ ƫƾ ƿƩƣ Ɵƣƾƿƣƾƿ ƺƤ ƞƶƶ Ɵƣƾƿ
ƾƫƹƨƣƽƾ ƣǁƣƽᄛᄛᄛ
  ᇗƾƣƽᇳᄘ  ᇗƾƣƽᇴ  ƫƤ DŽƺǀ ƶƺǁƣ ǀƾƿƫƹ ƫƣƟƣƽ ƺƽ ƩƫƸ ƹƺƿ
Ɵƣơƞǀƾƣ ƺƤ Ʃƫƾ ƤƞƸƣ ƽƣƸƺǁƣ ƾƻƞơƣᄞ
ᄛ    ƫƹƨ  ƽƣƸƺǁƣ ƾƻƞơƣᄞ
  ᇗƾƣƽᄘ         
ᇱƟƽƫƹƨƟƫƣƟơƽƟƞơƴ
  ᇗƾƣƽᄘ  Ƥ DŽƺǀ Ʃƞǁƣ ƶƫƾƿƣƹƣƢ ƿƺ ǀƾƿƫƹ ƫƣƟƣƽ ƿƺƢƞDŽ
ᇱƟƽƫƹƨƟƫƣƟơƽƟƞơƴ
  ᇗƫƣƟƣƽƞƾƸƾᄘ   Ƥƺƽ ᇗưǀƾƿƫƹƟƫƣƟƣƽᅷƾ  ǁƫƢƣƺ ƿƩƫƾ
ǂƣƣƴᄛኜᇵ  ƫƤ DŽƺǀ ƞƽƣ ƿƺƺᄘ
ƣƿǀƽƹƫƹƨ ƿƺ ƿƩƣ ƹƺƿƫƺƹ ƿƩƞƿ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƟƺƹƢƾ ƸƞDŽ Ɵƣ ƻƽƺƻƺƾƣƢ ƫƹ ƿƣƽƸƾ
ƺƤ ƫƢƣƞƿƫƺƹᅟƣǁƞƶǀƞƿƫƺƹ ơƺǀƻƶƫƹƨƾᄕ ǂƣ ƸƞDŽ ơƺƹƾƫƢƣƽ ơƺƹƿƫƹƨƣƹơDŽ ƫƹ ƿƣƽƸƾ ƺƤ
ƫƿƾ ƫƹƿƣƽƞơƿƫƺƹ ǂƫƿƩ ƿƩƣƾƣ ơƺǀƻƶƫƹƨƾᄙ ƹ ƸƞƹDŽ ƿǂƣƣƿƾ ơƺƹƿƫƹƨƣƹơDŽ ƫƾ ǀƾƣƢ ƞƾ
ƞ ƽƣƾƺǀƽơƣ ƿƺ ơƺƹƾƿƽǀƣ ƣƹƿƽDŽ ơƽƫƿƣƽƫƞ ƿƺ ƞ ƻƞƽƿƫơǀƶƞƽ Ƣƫƾơƺǀƽƾƣ ơƺƸƸǀƹƫƿDŽ ƺƤ
ƽƣƿǂƣƣƿƣƽƾᄕ ƽƞƿƩƣƽ ƿƩƞƹ ƢƫƽƣơƿƶDŽ ƿƣƸƻƣƽƫƹƨ ƣǁƞƶǀƞƿƫǁƣ Ƹƣƞƹƫƹƨᄙ ƹ ƺƿƩƣƽ ǂƺƽƢƾ
ƫƿ ƫƾ ǀƾƣƢ ƞƾ ƞ ƾƿƽƞƿƣƨDŽ Ƥƺƽ ƣƾƿƞƟƶƫƾƩƫƹƨ ƞƶƫƨƹƸƣƹƿ ǂƫƿƩ ƞ ƻƞƽƿƫơǀƶƞƽ ƻƣƽƾƺƹƞᄕ
ƾǀơƩ ƞƾ ƾƺƸƣƺƹƣ ǂƩƺ ƻƺƾƫƿƫǁƣƶDŽ ǁƞƶǀƣƾ ǀƾƿƫƹ ƫƣƟƣƽᄙ Ʃƣ Ƥƺƶƶƺǂƫƹƨ ƽƣƿǂƣƣƿ ƫƾ
ƞ ƽƣƾƻƺƹƾƣ ƿƺ ƞ ơƞƶƶ ƟDŽ ƞ ǀƾƣƽ ƿƺ ƽƣƿǂƣƣƿ ƞ ƻƺƾƿ Ɵƣơƞǀƾƣ ƿƩƣDŽ ƞƨƽƣƣ ǂƫƿƩ ƿƩƣ
ƣǁƞƶǀƞƿƫƺƹ ƺƤ ƫƣƟƣƽ ƻƽƣƾƣƹƿƣƢᄘ
 ᇗƾƣƽᄘ ᇱǀƾƿƫƹƫƣƟƣƽƫƹƨƾƫƿƩƫƾƺǀƶ  ƿƩƫƾ ƫƤ DŽƺǀ ƶƺǁƣ ưǀƾƿƫƹ ƟƫƣƟƣƽ
ƞƹƢ ƫƤ DŽƺǀ ƞƨƽƣƣ ǂƫƿƩ Ƹƣ ᄘᄭ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇳᇻᇻ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƫƾ ƿǂƣƣƿ ƫƹƾơƽƫƟƣƾ ƿƩƣ ƺƽƫƣƹƿƞƿƫƺƹ ƿƩƞƿ ƿƩƣ ƺƽƫƨƫƹƞƶ ƻƺƾƿƣƽ ǂƫƾƩƣƾ ƿƩƣ
ƽƣƿǂƣƣƿƣƽ ƿƺ ƞƢƺƻƿᄕ ƞƶƾƺ ǀƹƢƣƽƾƿƺƺƢ ƞƾ ƞ ơƽƫƿƣƽƫƺƹ Ƥƺƽ ƽƣƻƺƾƿƫƹƨᄙ ƹ ƺƽƢƣƽ ƿƺ
ƣǃƻƶƞƫƹ ƿƩƫƾ ƿDŽƻƣ ƺƤ ƻƞƿƿƣƽƹƫƹƨ ƤǀƽƿƩƣƽ ƫƿ ƫƾ ƹƣơƣƾƾƞƽDŽ ƿƺ ƫƹƿƽƺƢǀơƣ ƫƹ Ƹƺƽƣ Ƣƣƿƞƫƶ
ƾDŽƾƿƣƸƾ ƣǁƞƶǀƞƿƫǁƣ Ƹƣƞƹƫƹƨ ƻƽƺƻƺƾƣƢ ƟDŽ ƻƻƽƞƫƾƞƶ ƩƣƺƽDŽ ᄬƞƽƿƫƹ ƞƹƢ Ʃƫƿƣᄕ
ᇴᇲᇲᇷᄭᄙ
ƻƻƽƞƫƾƞƶ ƩƣƺƽDŽ
ǁƞƶǀƞƿƫƺƹ ƫƾ ƞ ƢƺƸƞƫƹ ƺƤ ƫƹƿƣƽƻƣƽƾƺƹƞƶ Ƹƣƞƹƫƹƨᄕ ǂƩƣƽƣ ƶƞƹƨǀƞƨƣ ƫƾ ǀƾƣƢ ƿƺ
ƣǃƻƽƣƾƾ ƞƿƿƫƿǀƢƣƾ ƞƹƢ ƿƺ ƞƢƺƻƿ ƾƿƞƹơƣƾ ƞƟƺǀƿ ƺƿƩƣƽ ƿƣǃƿƾᄙ ƻƻƽƞƫƾƞƶ ƩƣƺƽDŽ
ƞƽƨǀƣƾ ƿƩƞƿ ƿƩƣ ƣƸƺƿƫƺƹƞƶ ƽƣƞơƿƫƺƹ ƿƺ ƿƩƣ ǂƺƽƶƢ ƾƣƣƹ ƫƹ ƫƹƤƞƹƿ ƻƽƺƿƺƶƞƹƨǀƞƨƣ
Ƣƣǁƣƶƺƻƾ ƞƾ ǂƣ ƞƽƣ ƾƺơƫƞƶƫƾƣƢ ƫƹƿƺ ƞ ơǀƶƿǀƽƣ ƞƹƢ ƫƹƿƺ ƫƹƾƿƫƿǀƿƫƺƹƾ ᄬƞƽƿƫƹ ƞƹƢ
Ʃƫƿƣᄕ ᇴᇲᇲᇷᄘ ᇶᇷᄭᄙ ƣƣƶƫƹƨ ƟƣơƺƸƣƾ ƫƹƾƿƫƿǀƿƫƺƹƞƶƫDžƣƢ ƞƾ ƣƿƩƫơƾ ƞƹƢ ƸƺƽƞƶƫƿDŽᄕ
ƤƺƽƸƫƹƨ ƿƩƣ ؝بؘؚؗؠؘءاቆ ƾDŽƾƿƣƸ ǂƫƿƩ ǂƩƫơƩ ǂƣ ơƺƹƾƿƽǀƣ ƽǀƶƣƾ ƞƹƢ ƽƣƨǀƶƞƿƫƺƹƾ
ƽƣƨƞƽƢƫƹƨ ƟƣƩƞǁƫƺǀƽ ᄬƿƺƻ ƣǃƞƸƻƶƣᄕ ƫƨǀƽƣ ᇴᄭᄙ ƣƣƶƫƹƨ ƫƾ ƞƶƾƺ ƫƹƾƿƫƿǀƿƫƺƹƞƶƫDžƣƢ
ƞƾ ƞƣƾƿƩƣƿƫơƾ ƞƹƢ ǁƞƶǀƣᄕ ƤƺƽƸƫƹƨ ƿƩƣ ؔأأإؘؖؔاآء ƾDŽƾƿƣƸ ǂƫƿƩ ǂƩƫơƩ ǂƣ
ƨƣƹƣƽƞƿƣ ƞƾƾƣƾƾƸƣƹƿƾ ƟƞƾƣƢ ƺƹ ƺǀƽ ƽƣƞơƿƫƺƹƾ ƿƺ ƻƩƣƹƺƸƣƹƞ ᄬƟƺƿƿƺƸ ƣǃƞƸƻƶƣᄕ
ƫƨǀƽƣ ᇴᄭᄙ Ʃƣ ƾƣơƿƫƺƹƾ ƿƩƞƿ Ƥƺƶƶƺǂ ƣǃƻƶƞƫƹ ƣƞơƩ ƺƤ ƿƩƣ Ƣƫƾơƺǀƽƾƣ ƾƣƸƞƹƿƫơ
ƾDŽƾƿƣƸƾ ƫƹǁƺƶǁƣƢ ƫƹ Ƹƞƴƫƹƨ ƿƩƣƾƣ Ƹƣƞƹƫƹƨƾᄙ
ؙؚبإؘ ᇴ Ʃƣ ƫƹƾƿƫƿǀƿƫƺƹƞƶƫƾƞƿƫƺƹ ƺƤ ؘؙؙؔؖا ƹƺƹᅟƸƞƿơƩƫƹƨ ƻƞƽƣƹƿƩƣƾƫƾ
ᄬƞƢƞƻƿƣƢ ƤƽƺƸ ᄬƞƽƿƫƹ ƞƹƢ Ʃƫƿƣᄕ ᇴᇲᇲᇷᄘ ᇶᇷᄭᄙ
ƻƻƽƞƫƾƞƶ ƩƣƺƽDŽ ƸƺƢƣƶƾ ƣǁƞƶǀƞƿƫǁƣ Ƹƣƞƹƫƹƨ ǀƾƫƹƨ ƾDŽƾƿƣƸƾ ƹƣƿǂƺƽƴƾ ƿƩƞƿ
ƸƺƢƣƶ ƿƩƣ ơƩƺƫơƣƾ ƸƞƢƣ ƫƹ ƞ ƻƞƽƿƫơǀƶƞƽ ƿƣǃƿ ƫƹ ƶƫƨƩƿ ƺƤ ƿƩƣ ƻƺƿƣƹƿƫƞƶ ơƩƺƫơƣƾ ƿƩƞƿ
ƻƻƽƞƫƾƞƶ ƿƣƽƸƫƹƺƶƺƨDŽ ƫƾ ƾƩƺǂ ƫƹ ƾƸƞƶƶ ơƞƻƾ ƿƺ ƢƫƦƤƣƽƣƹƿƫƞƿƣ ƫƿ ƤƽƺƸ ơƺƸƸƺƹƻƶƞơƣ ƿƣƽƸƾᄙ
ᇴᇲᇲ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƸƫƨƩƿ ƞƶƾƺ Ʃƞǁƣ Ɵƣƣƹ ƸƞƢƣᄙ Ʃƫƾ ƾDŽƾƿƣƸƫơ ƺƽƫƣƹƿƞƿƫƺƹ ƞƽƺƾƣ ƺǀƿ ƺƤ ƿƩƣ ƫƽƿƩƫƞƹ
ƿƽƞƢƫƿƫƺƹ ƫƹ ƶƫƹƨǀƫƾƿƫơƾ ᄬƫƽƿƩᄕ ᇳᇻᇷᇹᄭᄙ ƫƽƿƩ ƞƾƾƣƽƿƣƢ ƿƩƞƿ ƞ Ƣƫƾƿƫƹơƿƫƺƹ ƹƣƣƢƣƢ
ƿƺ Ɵƣ ƸƞƢƣ Ɵƣƿǂƣƣƹ ƾƿƽǀơƿǀƽƣ ƞƹƢ ƾDŽƾƿƣƸᅭƿƩƞƿ ƫƾᄕ Ɵƣƿǂƣƣƹ ƾDŽƹƿƞƨƸƞƿƫơ ƞƹƢ
ƻƞƽƞƢƫƨƸƞƿƫơ ƽƣƶƞƿƫƺƹƾ ƫƹ ƶƞƹƨǀƞƨƣᄙ ƫƽƿƩᅷƾ ƫƢƣƞƾ ƞƟƺǀƿ Ʃƺǂ ƿƩƣ ƹƺƿƫƺƹ ƺƤ ƞ ƾDŽƾᅟ
ƿƣƸ ƸƫƨƩƿ Ɵƣ ǀƾƣƢ ƿƺ ƸƺƢƣƶ ƶƞƹƨǀƞƨƣ ǂƣƽƣ ƿƞƴƣƹ ǀƻ ƫƹ ƞƶƶƫƢƞDŽᅷƾ ƢƣǁƣƶƺƻƸƣƹƿ
ƺƤ ƾDŽƾƿƣƸ ƹƣƿǂƺƽƴƾᄙ DŽƾƿƣƸ ƹƣƿǂƺƽƴƾ ƞƽƣ ƹƣƿǂƺƽƴƾ ƺƤ ƫƹƿƣƽƽƣƶƞƿƣƢ ƺƻƿƫƺƹƾ ƿƩƞƿ
ƞƽƣ ƺƽƨƞƹƫƾƣƢ ƻƞƽƞƢƫƨƸƞƿƫơƞƶƶDŽᄕ ƫƹ ƿƣƽƸƾ ƺƤ ᅸǂƩƞƿ ơƺǀƶƢ ƨƺ ƫƹƾƿƣƞƢ ƺƤ ǂƩƞƿᅺ
ƽƞƿƩƣƽ ƿƩƞƹ ƾDŽƹƿƞƨƸƞƿƫơƞƶƶDŽ ƫƹ ƿƣƽƸƾ ƺƤ ƾƿƽǀơƿǀƽƣ ᄬƞƶƶƫƢƞDŽ ƞƹƢ ƞƿƿƩƫƣƾƾƣƹᄕ
ᇴᇲᇲᇶᄕ ƻᄙ ᇴᇴᄭᄙ ƩƣDŽ ƞƽƣ ƞƹ ƞƶƿƣƽƹƞƿƫǁƣ ƿƺ ƸƺƢƣƶƶƫƹƨ ƶƞƹƨǀƞƨƣ ƞƾ ƞ ơƞƿƞƶƺƨǀƣ ƺƤ
ƾƿƽǀơƿǀƽƣƾᄙ
ƫƨǀƽƣ ᇵ ƻƽƺǁƫƢƣƾ ƣǃƞƸƻƶƣƾ ƺƤ ƣƞơƩ ƽƣƨƫƺƹ ƺƤ ƞƻƻƽƞƫƾƞƶ ƞƾ ƞ ƾDŽƾƿƣƸ ƹƣƿǂƺƽƴ
ƞƾ ƿƩƣƺƽƫƾƣƢ ƟDŽ ƞƽƿƫƹ ƞƹƢ Ʃƫƿƣ ᄬᇴᇲᇲᇷᄭᄙ Ʃƣ ƹƣƿǂƺƽƴ ƞƢƺƻƿƾ ƿƩƣ ơƺƹǁƣƹᅟ
ƿƫƺƹ ǂƩƣƽƣƟDŽ ơƞƻƫƿƞƶƫƾƣƢ ƶƞƟƣƶƾ ƞƟƺǁƣ ƿƩƣ ƞƽƽƺǂƾ ƫƹƢƫơƞƿƣ ƢƫƦƤƣƽƣƹƿ ƾDŽƾƿƣƸƾ ƺƤ
Ƹƣƞƹƫƹƨᄕ ƞƹƢ ƿƩƣ ƶƺǂƣƽơƞƾƣ ƶƞƟƣƶƾ ƞƿ ƿƩƣ ƣƹƢ ƺƤ ƣƞơƩ ƻƞƿƩ Ƹƞƽƴ Ƥƣƞƿǀƽƣƾ ǂƫƿƩƫƹ
ƾDŽƾƿƣƸƾᄙ  ƾƼǀƞƽƣ Ɵƽƞơƴƣƿƽƣƻƽƣƾƣƹƿƾ ƞ ơƩƺƫơƣ Ɵƣƿǂƣƣƹ ƿǂƺ ƺƻƿƫƺƹƾ ƫƹ ƞ ƾDŽƾƿƣƸ
ᄬƞƹ ᅵƺƽᅷ ƽƣƶƞƿƫƺƹᄭᄕ ǂƩƫƶƣ ƞ Ɵƽƞơƣ ƽƣƻƽƣƾƣƹƿƾ ƾƫƸǀƶƿƞƹƣƺǀƾ ơƩƺƫơƣƾ ᄬƞƹ ᅵƞƹƢᅷ ƽƣƶƞᅟ
ƿƫƺƹᄭᄙ ƺƽ ƣǃƞƸƻƶƣᄕ ƿƩƣ ؔااابؘؗ ƾDŽƾƿƣƸ ƫƹǁƺƶǁƣƾ ƿƩƽƣƣ Ƹƺƽƣ Ƣƣƶƫơƞƿƣ ƾDŽƾƿƣƸƾ
ƤƽƺƸ ǂƩƫơƩ ƞ ơƩƺƫơƣ ơƞƹ Ɵƣ ƸƞƢƣᄘ
ؘؙؙؔؖاᅭƣǃƻƽƣƾƾƫƹƨ ƣƸƺƿƫƺƹ
؝بؘؚؗؠؘءاᅭƞƾƾƣƾƾƫƹƨ ƟƣƩƞǁƫƺǀƽ
ؔأأإؘؖؔاآءᅭƣƾƿƫƸƞƿƫƹƨ ǁƞƶǀƣ
Ʃƣ ƣǃƞƸƻƶƣƾ ƫƹ ƿƩƣ Ɵƺǃƣƾ ƞƽƣ ƿǂƣƣƿƾ ƤƽƺƸ ƿƩƣ ƟƞƸƞ ƫƹ ƺƽƻǀƾᄕ ƞ ơƺƽƻǀƾ
ƺƤ ƿǂƣƣƿƾ ƞƟƺǀƿ ƟƞƸƞ ơƺƶƶƣơƿƣƢ ƫƹ ƿƩƣ ᇴᇶ Ʃƺǀƽƾ ƞƤƿƣƽ Ʃƣ ǂƺƹ ƿƩƣ ᇴᇲᇲᇺ 
ƻƽƣƾƫƢƣƹƿƫƞƶ ƣƶƣơƿƫƺƹ ᄬƞƻƻƞǁƫƨƹƞᄕ ᇴᇲᇳᇳᄭᄙ ƞơƩ ƣǃƞƸƻƶƣ ƫƶƶǀƾƿƽƞƿƣƾ ƞ ƿDŽƻƣ ƺƤ
ƞƿƿƫƿǀƢƫƹƞƶ ƞƻƻƽƞƫƾƞƶᄙ Ʃƣ ƹƣƿǂƺƽƴ ƸƞDŽ Ɵƣ ƤǀƽƿƩƣƽ ƾƻƣơƫƧƬƣƢ ƿƺ ƨƽƣƞƿƣƽ ƶƣǁƣƶƾ
ƺƤ ƢƣƶƫơƞơDŽ ƢƣƻƣƹƢƫƹƨ ƺƹ ƿƩƣ ƴƫƹƢ ƺƤ ƞƹƞƶDŽƾƫƾ ƫƹ ǂƩƫơƩ ƫƿ ƫƾ Ɵƣƫƹƨ ǀƾƣƢᄙ ƺƽ
ƣǃƞƸƻƶƣᄕ ƫƹ ƿƩƫƾ ƻƞƻƣƽ  ơƺƹƾƫƢƣƽ ƫƹƾƿƞƹơƣƾ ǂƩƣƽƣ ƿƩƣ ƞƦƤƣơƿ ƾDŽƾƿƣƸ ƫƾ ƤǀƽƿƩƣƽ
ƾƻƣơƫƧƬƣƢ ƿƺ ƫƹơƶǀƢƣ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ ƾǀƟƾDŽƾƿƣƸƾᄘ
ǀƹᄧƩƞƻƻƫƹƣƾƾ ᄬƣᄙƨᄙᄕ ƾƞƢᄧƩƞƻƻDŽሾሽᄭ
ƫƹᄧƾƣơǀƽƫƿDŽ ᄬƣᄙƨᄙᄕ ƞƹǃƫƺǀƾᄧơƺƹƧƬƢƣƹƿᄭ
ƢƫƾᄧƾƞƿƫƾƤƞơƿƫƺƹ ᄬƣᄙƨᄙᄕ ƤƣƢ ǀƻᄧƞƟƾƺƽƟƣƢᄭ
ᇳᇲ Ʃƣƾƣ ƣǃƞƸƻƶƣƾ ƞƽƣ ƿƞƴƣƹ ƤƽƺƸ ƞƽƿƫƹ ᄬᇳᇻᇻᇴᄘ ᇶᇻᄭᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇲᇳ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƹ ƞƢƢƫƿƫƺƹᄕ ƿƩƣ ƞƻƻƽƣơƫƞƿƫƺƹ ƾDŽƾƿƣƸ ƫƾ ƸƞƢƣ Ƹƺƽƣ Ƣƣƶƫơƞƿƣ ƿƺ ƫƹơƶǀƢƣᄘ
ƽƣƞơƿƫƺƹ ᄬƣᄙƨᄙᄕ ơƞƻƿƫǁƞƿƫƹƨᄧƢǀƶƶᄭ
ơƺƸƻƺƾƫƿƫƺƹ ᄬƣᄙƨᄙᄕ ƩƞƽƸƺƹƫƺǀƾᄧƢƫƾơƺƽƢƞƹƿᄭ
ǁƞƶǀƞƿƫƺƹ ᄬƣᄙƨᄙᄕ ƻƽƺƤƺǀƹƢᄧƫƹƾƫƨƹƫƧƬơƞƹƿᄭ
ؙؚبإؘ ᇵ Ʃƣ ƞƻƻƽƞƫƾƞƶ ƾDŽƾƿƣƸ ᄬƞƢƞƻƿƣƢ ƤƽƺƸ ᄬƞƽƿƫƹ ƞƹƢ Ʃƫƿƣᄕ ᇴᇲᇲᇷᄭ ǂƫƿƩ ƣǃƞƸƻƶƣ ƤƽƺƸ
ƿƩƣ ƟƞƸƞ ƫƹ ƺƽƻǀƾᄕ ƞƻƻƞǁƫƨƹƞ ᇴᇲᇳᇳᄭᄙ
ƾ ƿƩƫƾ ƹƣƿǂƺƽƴ ƾǀƨƨƣƾƿƾᄕ ƞ Ƥǀƶƶ ƞƻƻƽƞƫƾƞƶ ƞƹƞƶDŽƾƫƾ ǂƺǀƶƢ ƞƶƾƺ ƞƹƞƶDŽƾƣ Ʃƺǂ
ƾƿƞƹơƣƾ ƞƽƣ ƞƢƺƻƿƣƢ ƫƹ ƞ ƿƣǃƿ ƟDŽ ơƺƹƾƫƢƣƽƫƹƨ ƿƩƣ ƣƹƨƞƨƣƸƣƹƿ ƾDŽƾƿƣƸ ƿƩƞƿ
ƸƺƢƣƶƾ Ʃƺǂ ƣǃƿƣƽƹƞƶ ǁƺƫơƣƾ ƞƽƣ ƹƣƨƺƿƫƞƿƣƢ ƫƹ ƞ ƿƣǃƿᄕ ƞƾ ǂƣƶƶ ƞƾ ƿƩƣ ƨƽƞƢǀƞƿƫƺƹ
ƾDŽƾƿƣƸ ƿƩƞƿ ƸƺƢƣƶƾ Ʃƺǂ ƞƿƿƫƿǀƢƣƾ ƞƽƣ ƾơƞƶƣƢ ǀƻ ƞƹƢ Ƣƺǂƹᄙ
ƣƻƣƹƢƫƹƨ ƺƹ ƿƩƣ ƿƞƽƨƣƿ ƞƹƢ ƾƺǀƽơƣ ƺƤ ƿƩƣ ƣǁƞƶǀƞƿƫƺƹᄕ ƶƣǃƫƾ ƾǀơƩ ƞƾ ᅵƨƺƺƢᅷ
ơƞƹ ǂƺƽƴ ǂƫƿƩ ƞƹDŽ ƺƤ ƿƩƣ ؔااابؘؗ ƾDŽƾƿƣƸƾᄙ ƺƹƾƫƢƣƽ ƿƩƣ ƢƫƦƤƣƽƣƹơƣ Ɵƣƿǂƣƣƹ
؝بؘؚؗؠؘءا ƫƹ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ ƿǂƣƣƿᄘ
Ʃƞƹƴ ƨƺƢ ƫƾ ƿƩƣ ǂƣƣƴƣƹƢᄕ ƿƫƸƣ ƺƦƤ Ƥƺƽ ƨƺƺƢ ƟƣƩƞǁƫƺǀƽ
ᇴᇲᇴ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƞƹƢ ؘؙؙؔؖا ᅘᅘ ơƩƞƹƨƣƢƿƺ ƶƺǂƣƽ ơƞƾƣᄕ ƺƴᄞ
 Ƥƣƣƶ ƽƣƞƶƶDŽ ƨƺƺƢᄕ ƧƬƹƞƶƶDŽ ƽƣƞơƩƣƢ ƿƩƣ ᇳᄕᇲᇲᇲ Ƥƺƶƶƺǂƣƽƾ ǂƩƺ ǂƞƹƿƣƢ ƟƺƿƩᄛᄛ
ƺƽ ؔأأإؘؖؔاآءᄘ
ƺƿ ƿƺ Ʃƞǁƣ ƾƺƸƣ Ɵƣƾƿ ƤƽƫƣƹƢ ƿƫƸƣ ƿƺƹƫƨƩƿᄕ ƻƞơƴ ƞ Ƥƣǂ Ɵƺǃƣƾ ƞƹƢ Ƣƽƫƹƴ
ƾƺƸƣ ƨƺƺƢ ǂƫƹƣᄙ ƺƫƹƨ ƿƺ ƟƣƢ ơƺƹƿƣƹƿᄙ
 ǂƫƶƶ ƹƺǂ ơƺƹƾƫƢƣƽ ƿǂƺ ƢƺƸƞƫƹƾ ƫƹ ǂƩƫơƩ ƣǁƞƶǀƞƿƫǁƣ ƾDŽƾƿƣƸƾ ƣƹƿƣƽ ƫƹƿƺ ƞ ƻƞƿᅟ
ƿƣƽƹ ǂƫƿƩ ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾᄘ ƞƦƧƬƶƫƞƿƫƺƹ ƞƽƺǀƹƢ ƿƩƣ ơƣƶƣƟƽƫƿDŽ ǀƾƿƫƹ ƫƣƟƣƽ
ƞƹƢ ơƺƸƸǀƹƫƹƨ ƞƽƺǀƹƢ ơƺƸƻƶƞƫƹƿƾ ƞƟƺǀƿ ƢƞƫƶDŽ ƫƽƽƫƿƞƿƫƺƹƾᄙ
ƣƶƫƣƟƣƽƾᄘ ƺƹƢƫƹƨ ƞƽƺǀƹƢ ƫƣƟƣƽ
ƫƤ ƫ ơƺǀƶƢ Ʃƞǁƣ ƞƹDŽ ǂƫƾƩ ƫƹ ƿƩƣ ǂƺƽƶƢᄕ ƫƿ ǂƺǀƶƢ Ɵƣ Ƥƺƽ ᇗưǀƾƿƫƹƟƫƣƟƣƽ ƿƺ
Ƥƺƶƶƺǂ Ƹƣᄙ ኜᇵ ƾƺ ơƞƹ DŽƺǀ ƻƶƣƞƾƣ Ƥƺƶƶƺǂ Ƹƣᄞ ƫᅷƸ ƹƺƿ ƨƫǁƫƹƨ ǀƻᄙ ᄘᄭ
ƹ ƞƢƢƫƿƫƺƹ ƿƺ ƨƣƹƣƽƞƶ ǀƾƣƽƾᄕ ơƣƶƣƟƽƫƿƫƣƾ ƞƶƾƺ ƻƺƻǀƶƞƿƣ ǂƫƿƿƣƽᄕ ƞƿƿƽƞơƿƫƹƨ ơƺƸᅟ
Ƹǀƹƫƿƫƣƾ ƺƤ Ƥƞƹƾ ǂƩƺ ƣƹƨƞƨƣ ƫƹ ƻǀƟƶƫơ ƻƣƽƤƺƽƸƞƹơƣƾ ƺƤ ƞƦƧƬƶƫƞƿƫƺƹ ᄬƞƽǂƫơƴ
ƞƹƢ ƺDŽƢᄕ ᇴᇲᇳᇳᄭᄙ ƹƣ ƺƤ ƿƩƣ ƶƞƽƨƣƾƿ ƾǀơƩ ơƺƸƸǀƹƫƿƫƣƾ ơƺƹơƣƹƿƽƞƿƣƾ ƞƽƺǀƹƢ
ƿƣƣƹ ƾƫƹƨƣƽ ǀƾƿƫƹ ƫƣƟƣƽᄕ ǂƩƺ ƫƹ ᇴᇲᇳᇳ ƩƞƢ ƞ Ƥƺƶƶƺǂƣƽ Ɵƞƾƣ ƺƤ Ƹƺƽƣ ƿƩƞƹ ᇳᇵ Ƹƫƶᅟ
ƶƫƺƹ ǀƾƣƽƾᄕ ƣǃơƣƣƢƫƹƨ ƿƩƞƿ ƺƤ ƿƩƣ  ƻƽƣƾƫƢƣƹƿ ᄬᇳᇲ Ƹƫƶƶƫƺƹᄭᄙ Ʃƫƾ ơƺƸƸǀƹƫƿDŽ ƫƾ
ƤƽƣƼǀƣƹƿƶDŽ ƻƞƽƺƢƫƣƢ ƟDŽ ǀƾƣƽƾ ƺǀƿƾƫƢƣ ƫƿƾ ƶƞƽƨƣƶDŽ ƿƣƣƹƞƨƣ ƢƣƸƺƨƽƞƻƩƫơᄙ ƫƣƟƣƽ
Ƥƞƹƾᄕ ƸƞƹDŽ ƺƤ ǂƩƺƸ ƣƸƻƶƺDŽ ǀƾƣƽƹƞƸƣƾ ƺƤ ƿƩƣ ƤƺƽƸ ƺƢƹƼƽƩƢƟƢƹᄕ ƞƽƣ ƸƺơƴƣƢ
ƞƾ ᅵƟƣƶƫƣƟƣƽƾᅷᄕ ƞ ƽƣƤƣƽƣƹơƣ ƿƺ ƿƩƣƫƽ ƞƻƻƞƽƣƹƿ ƣƸƺƿƫƺƹƞƶ ƤƞƹƞƿƫơƫƾƸ ƸƞƹƫƤƣƾƿ ƫƹ
ƣǃƻƽƣƾƾƫƺƹƾ ƺƤ ƫƣƟƣƽᅟƿƞƽƨƣƿƿƣƢ ƞƦƤƣơƿ ᄬƾƩƺǂƹ ƫƹ ƟƺƶƢᄭ ƾǀơƩ ƞƾᄘ
 ᇗƾƣƽ  ƶƺǁƣ ǀƾƿƫƹ ƫƣƟƣƽᅷƾ Ƹǀƾƫơ ƞƹƢ  ƶƺǁƣ ƩƫƸ
ƺǁƣ ǀƾƿƫƹ ƫƣƟƣƽ ƺƽƣ Ʃƞƹ ƹDŽƿƩƫƹƨ ƹ Ʃƣ ƺƽƶƢኜᇵᇵᇵᇵᇵᇵᇵᇵᇵᇵᇵᇵᇵ
ኜᇵᅚᇺ ƢƞDŽƾᅚኜᇵ
 ᇗƾƣƽᄘ  ƿƩƫƾ ƫƤ ǀ ƶƺǁƣ ǀƾƿƫƹ ƫƣƟƣƽ ኜᇵ
 ƫƤ DŽƺǀ ƞƽƣ ƞƢƢƫơƿƣƢ ƿƺ ǀƾƿƫƹ ƫƣƟƣƽ ኜᇵᇵ
ǀơƩ ƞ ƶƞƽƨƣ ǀƾƣƽ Ɵƞƾƣ ƺƤ ơƺƸƸƫƿƿƣƢ Ƥƞƹƾ Ƹƣƞƹƾ ƿƩƞƿ ƫƣƟƣƽ ƤƽƣƼǀƣƹƿƶDŽ ƻƽƣᅟ
ơƫƻƫƿƞƿƣƾ ƿƽƣƹƢƫƹƨ ƿƺƻƫơƾᄙ ƺƽ ƣǃƞƸƻƶƣ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ ƿǂƣƣƿ ƟDŽ ƫƣƟƣƽ ƽƞƻƫƢƶDŽ
ƣƶƣǁƞƿƣƢ ƿƩƣ ƻƩƽƞƾƣ ᅵƞƿƫƹ ƫƽƶƾᅷ ƿƺ ƞ ƿƽƣƹƢƫƹƨ ƿƺƻƫơ ƺƹ ƣƟƽǀƞƽDŽ ᇴᇹᄕ ᇴᇲᇳᇳᄘ
ƾƩƺǀƿƺǀƿ ƿƺ ƞƶƶ ƺƤ ƞƿƫƹ Ƹƣƽƫơƞ ᄚ ƫ ƨƺƿ ƶƺǁƣ Ƥƺƽ ƞƶƶ ƸDŽ ƞƿƫƹ ƫƽƶƾ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇲᇵ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƾ ƺƹƣ ǀƾƣƽ ƼǀƫƻƻƣƢᄘ
ƣƶƫƣƟƣƽƾ ƽǀƹ ǂƫƿƿƣƽᄙ ƞƿƣƽ ƺƽ ƹƺƿᄙ ƺǀ Ʃƞǁƣ ƞƿ ƶƣƞƾƿ ᇳ ƟƣƶƫƣƟƣƽ Ƥƺƶƶƺǂƫƹƨ
DŽƺǀᄙ
Ʃƫƾ ǀƾƣƽ ƫƾ ƩǀƸƺƽƺǀƾƶDŽ ơƺƸƸƣƹƿƫƹƨ ƺƹ ƿƩƣ ǂƞDŽ ǀƾƿƫƹ ƫƣƟƣƽ ƤƞƹƢƺƸ ƻƺƶƞᅟ
ƽƫƾƣƾ ƺƻƫƹƫƺƹ ƺƹ ǂƫƿƿƣƽ ƞƹƢ Ʃƺǂ ƻǀƟƶƫơ ƞƻƻƽƣơƫƞƿƫƺƹ ƺƤ ơƣƶƣƟƽƫƿƫƣƾ ơƞƹ ơƽƣƞƿƣ
ƟƺƿƩ ƞƹ ƫƹᅟƨƽƺǀƻ ƽƞƶƶDŽƫƹƨ ƞƽƺǀƹƢ ƻƺƾƫƿƫǁƣ ǁƞƶǀƣƾ ƿƞƽƨƣƿƣƢ ƞƿ ƿƩƣ ƻǀƟƶƫơ ƧƬƨǀƽƣ
ƞƹƢ ƞƹ ƺǀƿᅟƨƽƺǀƻ ƿƩƞƿ Ƹƺơƴƾ ƿƩƺƾƣ ǁƞƶǀƣƾᄙ Ʃƣ Ƥƺƶƶƺǂƫƹƨ ƿǂƣƣƿ ƫƾ ƞƹ ƫƹƾƿƞƹơƣ
ƺƤ ƿƩƣ Ƣƫƾơƺǀƽƾƣ ơƩƞƽƞơƿƣƽƫƾƫƹƨ ƿƩƣ ƶƞƿƿƣƽ ƻƺƾƫƿƫƺƹᄘ
ƿƿƣƹƿƫƺƹ ƞƶƶ ᇱƣƫƟƣƽ Ƥƞƹƾᄛ  ƞƸ ƹƺƿ ƞ Ƥƞƹᄕ ƫƹ Ƥƞơƿ  Ʃƞƿƣ ƿƩƣ ƾƻƞƾƿƫơᄛ ƺƹᅷƿ
Ƥƺƶƶƺǂ Ƹƣ ƿƩƫƹƴƫƹƨ  ƞƸᄕ ᅷƸ ƹƺƿᄛ  ƽƣƻƣƞƿᄕ  ƞƸ ƹƺƿᄛᄛ
ƞƾƩƿƞƨƾ ƻƶƞDŽ ƞ ƽƺƶƣ ƫƹ ơƺƺƽƢƫƹƞƿƫƹƨ ƾǀơƩ Ƹƞƾƾ ƣǃƻƽƣƾƾƫƺƹ ƺƤ ǁƞƶǀƣ ƟDŽ Ƥƺơǀƾƫƹƨ
ƿƩƫƾ ƣǃƻƽƣƾƾƫƺƹ ƞƽƺǀƹƢ ƞ ƻƞƽƿƫơǀƶƞƽ ƫƢƣƞƿƫƺƹƞƶ ƿƞƽƨƣƿ ᄬƤƺƽ ƣǃƞƸƻƶƣᄕ ᇱƫƣƟƣƽᄭᄙ ƹ
ƺƿƩƣƽ ǂƺƽƢƾᄕ ƩƞƾƩƿƞƨƾ ƞƶƫƨƹ ǀƾƣƽƾ ƫƹƿƺ ᅸƺǁƣƽƶƞƻƻƫƹƨ ơƺƸƸǀƹƫƿƫƣƾ ƺƤ ƞƿƿƫƿǀƢƫƹƞƶ
ƽƞƻƻƺƽƿᅺ ᄬƞƽƿƫƹᄕ ᇴᇲᇲᇶ ƫƹƾƣƽƿ ƻǀƹơƿǀƞƿƫƺƹ Ƹƞƽƴᄞ
ƻᄙ ᇵᇴᇵᄭᄙ
ƣƿǂƣƣƿƫƹƨ ƫƾ ƞƹ ƫƸƻƺƽƿƞƹƿ ƾƺơƫƞƶ ƻƽƺơƣƾƾ ǂƫƿƩƫƹ ƿƩƣƾƣ ơƺƸƸǀƹƫƿƫƣƾ ƺƤ ƞƿƿƫᅟ
ƿǀƢƫƹƞƶ ƽƞƻƻƺƽƿ ƞƾ ƿƩƣDŽ ƞƽƣ ƸƞƹƫƤƣƾƿ ƫƹ ƸƫơƽƺƟƶƺƨƨƫƹƨᄙ ƹƢƣƣƢᄕ ƫƣƟƣƽ ƞƻƻƽƣơƫᅟ
ƞƿƫƺƹ ƾƻƣơƫƧƬơƞƶƶDŽ ǂƞƾ ƩƫƨƩƶDŽ ƞƾƾƺơƫƞƿƣƢ ǂƫƿƩ ƽƣƿǂƣƣƿƫƹƨ ƻƽƞơƿƫơƣƾ ƫƹ ᄙ
 ƫƾ ƫƿƾ Ƹƺƾƿ ơƺƸƸƺƹ ơƺƶƶƺơƞƿƣ ƺƤ ᅵưǀƾƿƫƹƟƫƣƟƣƽᅷ ᄬƞƹƢ ᅵưǀƾƿƫƹƟƫƣƟƣƽᅷ ƫƾ ƿƩƣ ᇺᇶƿƩ
Ƹƺƾƿ ơƺƸƸƺƹ ơƺƶƶƺơƞƿƣ ƺƤ  ᄬƤƽƣƼᄙ ኙ ᇺᄕᇴᇷᇸᄭᄭᄙ
ƣƿǀƽƹƫƹƨ ƿƺ ƿƩƣ ƿƩƽƣƣ Ƹƺƾƿ ơƺƸƸƺƹ ᇳ ƫƿƣƸƾ Ƥƺƽ    ƫƹ ᅟ
  ᄕ    ᄕ    ᅭǂƣ ƸƞDŽ ƨƞƫƹ ƾƺƸƣ
ƫƹƾƫƨƩƿ ƫƹƿƺ ƿƩƣ ƴƫƹƢ ƺƤ ǁƞƶǀƣƾ ƞƹ ƞǀƿƩƣƹƿƫơ ƫƣƟƣƽ Ƥƞƹ ƫƾ ơƺƹƾƿƽǀƣƢ ƞƾ ƞƢƺƻƿƫƹƨᄙ
ƺƹƾƫƢƣƽ ƿƩƣ ᇶᅟƨƽƞƸ     ᄬƞƟƶƣ ᇸᄭᄕ ǂƩƣƽƣ ƿƩƣ Ƹƺƾƿ ơƺƸƸƺƹ ƫƿƣƸ
ƫƹ ᇳ ƫƾ ᅵǀƾƿƫƹ ƫƣƟƣƽᅷᄙ Ʃƫƾ ƻƞƿƿƣƽƹ ƫƹǁƺƶǁƣƢ ƿǂƣƣƿƾ ƾǀơƩ ƞƾᄘ
 ƫƤ DŽƺǀ ƿƩƫƹƴ ǀƾƿƫƹ ƫƣƟƣƽ ƫƾ Ʃƺƿ ᄘᄭ
ƾ ƞƟƶƣ ᇸ ƾǀƨƨƣƾƿƾᄕ ƿƩƣƾƣ ƻƺƾƿƾ Ʃƞǁƣ ƿƩƣ ƨƣƹƣƽƞƶ ƾƿƽǀơƿǀƽƣᄘ
 ƫƤ DŽƺǀ ƿƩƫƹƴ ና ᄬǀƾƿƫƹ ƫƣƟƣƽ ና ƻƺƾƫƿƫǁƣ ƞƻƻƽƣơƫƞƿƫƺƹᄭ
ƫƣƟƣƽ ƫƾ ƻƺƾƫƿƫǁƣƶDŽ ƞƻƻƽƣơƫƞƿƣƢ ƫƹ ƿƣƽƸƾ ƺƤ ؔأأإؘؖؔاآءᄘ إؘؔؖاآء ǂƫƿƩ Ƥƞƹƾ
ƽƞƶƶDŽƫƹƨ ƞƽƺǀƹƢ ƿƩƣƫƽ ƽƣƞơƿƫƺƹ ƿƺ Ʃƫƾ ƻƩDŽƾƫơƞƶ ƤƺƽƸᄙ
ᇴᇲᇶ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
اؔؕ؟ؘ ᇸ ƶƺƩƻƩƽƢ ƞƷƷƹƢƠƩƞƻƩƶƵ ƠƶƳƳƶƠƞƻƩƵƧ ƾƩƻƨ      ჯ
 ƫƤ DŽƺǀ ƿƩƫƹƴ ǀƾƿƫƹ ƫƣƟƣƽ ƫƾ Ʃƺƿ ᄘᄭ
ƶƺƺƴƾ ƞƸƞDžƫƹƨ ƫƹ ƞƹDŽƿƩƫƹƨ Ʃƣ ǂƣƞƽƾᄙ ᄬᄘ
ᇱƺƢƟƶƣƾƾƫƣƟƣƽ
Ʃƞƾ ƞǂƣƾƺƸƣ ƾƩƺƣƾ
ƫƾ ƿƩƣ Ƹƺƾƿ ƻƣƽƤƣơƿ ƨǀDŽ ƫƹ ƿƩƣ ǂƺƽƶƢ ƽƣƸƺǁƣ ƾƻƞơƣᄞ
ƾƺǀƹƢƣƢ ƾƺƺƺ Ʃƺƿ ƫƹ ǂƣ ƞƽƣ ƿƩƣ ǂƺƽƶƢ ᇱƟƫƣƟơƽƨƞƾƸ ᄖᄭ
ƫƾ ƞƸƞDžƫƹƨᄙ
ƫƾ    ᄛᄛᄛ
ƫƾ ƿƩƣ Ɵƣƾƿᄛᄛᄛᄛᄛᄛ
ƶƺƺƴƾ ƫƹơƽƣƢƟƫƶƣ ƫƹ ƻǀƽƻƶƣᄛ ᄘᄭ
ƫƾ ƿƩƣ Ʃƺƿƿƣƾƿ ƨǀDŽ ƞƶƫǁƣ ƣƹƢ ƺƤ ƾƿƺƽDŽ ᄖᄭ
ƫƾ ƾƺ Ʃƺƿ DŽƺǀ ǂƞƹƹƞ Ɵƞƴƣ ơƺƺƴƫƣƾ ƺƹ ƩƫƸ
ƫƣƟƣƽ Ƥƞƹƾ ƞƶƾƺ ƣƹƞơƿƣƢ ƞ ƻƞƽƿƫơǀƶƞƽ ƺƽƫƣƹƿƞƿƫƺƹ ƿƺ Ƥƣƣƶƫƹƨᄕ Ƹƺƾƿ ơƺƸƸƺƹƶDŽ
ƻƺƾƫƿƫǁƣ ؘؙؙؔؖاᄘ ؛ؔأأءؘئئ ƿƞƽƨƣƿƣƢ ƞƿ ǀƾƿƫƹ ƫƣƟƣƽ ᄬƞƟƶƣ ᇹᄭ ƞƹƢ ƞƶƾƺ ƽƣƞƶᅟ
ƫDžƣƢ ƨƽƞƻƩƺƶƺƨƫơƞƶƶDŽ ǀƾƫƹƨ ƿƩƣ Ʃƣƞƽƿ ƾDŽƸƟƺƶ ኜᇵᄙ Ʃƫƾ ƻƺƾƫƿƫǁƣ ƾƣƹƿƫƸƣƹƿ ƫƾ ƞƶƾƺ
ƢƫƽƣơƿƣƢ ƞƿ ƿƩƣ Ƥƞƹƾ ƿƩƣƸƾƣƶǁƣƾ ƞƾ ƞ ơƺƸƸǀƹƫƿDŽ ơƣƹƿƽƣƢ ƞƽƺǀƹƢ ǀƾƿƫƹ ƫƣƟƣƽ
ƿƞƽƨƣƿƿƣƢ ؘؙؙؔؖاᄘ
 ƫƤ DŽƺǀ ƶƺǁƣ ƿƩƣ ƣƾƿ ƺƤ DŽƺǀƽ Ɵƫƨ ƣƶƫƣƟƣƽ ƤƞƸƫƶDŽ ኜᇵᇵᄙ
اؔؕ؟ؘ ᇹ ƿƞƴƷƳƢƺ ƶƣ ƻƨƢ ƷƞƻƻƢƹƵ     ƾƩƻƨ ƼƺƻƩƵ ƩƢƟƢƹ ƞƺ ƻƞƹƧƢƻჯ
 ƫƤ DŽƺǀ ƶƺǁƣ ưǀƾƿƫƹ ƟƫƣƟƣƽ ƞƹƢ ǂƫƶƶ ƞƶǂƞDŽƾ ƾǀƻƻƺƽƿ ƩƫƸ
ǀƾƿƫƹ ƫƣƟƣƽ ᇱƟƫƣƟơƽƨƞƾƸ ᄴƹƺǂ ᇳᇲᇲና ƻƣƺƻƶƣ Ɵƣƿƿƣƽ ƽƣƿǂƣƣƿ ƿƩƫƾᄵ
ưǀƾƿƫƹ ƟƫƣƟƣƽ ƹƢ ǂƫƾƩ ƩƫƸ ƿƩƣ Ɵƣƾƿ ǁƞƶƣƹƿƫƹƣƾ ƢƞDŽ ƣǁƣƽ
        
     ᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛ
ǀƾƿƫƹ ƞƹƢ DŽƺǀ ƿƣƶƶ ƻƣƺƻƶƣ ƞƶƶ ƿƩƣ ƿƫƸƣ ᇱǀƾƿƫƹƺǁƣƾƣ ƹƺƿ DŽƺǀ ƩƞƩƞ
ᇱƫƶƺǁƣƫƿǂƩƣƹưǀƾƿƫƹ
ǀƾƿƫƹ ƫƣƟƣƽᄛ ᄖᄭ ᄬᅷƸ ƨƺƹƹƞ ƶƫƾƿ ǂƩƺƣǁƣƽ ƽƣƿǂƣƣƿƾ ƿƩƫƾᄛᄭ
ǀƾƿƫƹ ƫƣƟƣƽ Ƹƺƽƣ ƿƩƞƹ ƞƹDŽƿƩƫƹƨ ƽƣƸƺǁƣ ƾƻƞơƣᄞ
ƫƿ ǂƩƣƹ ǀƾƿƫƹ ƫƣƟƣƽ Ƣƺƣƾ ƿƩƣ ƩƞƫƽƥƷƫƻ
 ƫƤ DŽƺǀ ƶƺǁƣ ưǀƾƿƫƹ ƟƫƣƟƣƽᅷƾ Ƣƞƹơƣ Ƹƺǁƣƾᄛ ƣƾƻơƫƞƶƶDŽ ƫƹ ƞƟDŽᄙ ᄬᄘ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇲᇷ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ʃƣ ᇶᅟƨƽƞƸ     ƨƫǁƣƾ ǀƾƣ ƾƺƸƣ ƫƹƾƫƨƩƿ ƫƹƿƺ ƿƩƣ Ƣƣƾƫƽƣƾ ƺƤ
ƫƣƟƣƽ Ƥƞƹƾ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƿƩƣ ơƣƶƣƟƽƫƿDŽ ƧƬƨǀƽƣ ᄬƞƟƶƣ ᇺᄭᄙ Ʃƣƾƣ ƞƻƻƣƞƽ ƿƺ ơƣƹƿƽƣ
ƞƽƺǀƹƢ Ƣƣƾƫƽƣ Ƥƺƽ ƫƹƿƣƽƞơƿƫƺƹ ǂƫƿƩ ƿƩƣ ơƣƶƣƟƽƫƿDŽ ƽƣƞƶƫDžƣƢ ǂƫƿƩ ǁƣƽƟƞƶ ƻƽƺơƣƾƾƣƾ
ᄬƽƣƻƶDŽᄕ ơƞƶƶᄕ ƾƞDŽᄕ ƾƫƹƨᄕ ƿǂƣƣƿᄕ ƣƿơᄙᄭ ƞƹƢ Ƣƣƾƫƽƣ Ƥƺƽ ƿƩƣ ơƣƶƣƟƽƫƿDŽ ƿƺ ƫƹơƽƣƞƾƣ ƿƩƣƫƽ
ƞƽƿƫƾƿƫơ ƺǀƿƻǀƿ ƟDŽ ƞƢƺƻƿƫƹƨ ƹƣǂ ơƩƞƹƹƣƶƾ ƺƽ ƿƽƞǁƣƶƶƫƹƨ ƿƺ ƹƣǂ ƶƺơƞƿƫƺƹƾᄙ
اؔؕ؟ؘ ᇺ ƿƞƴƷƳƢƺ ƶƣ ƻƨƢ ƷƞƻƻƢƹƵ     ƾƩƻƨ ƼƺƻƩƵ ƩƢƟƢƹ ƞƺ ƻƞƹƧƢƻჯ
 ƫƤ DŽƺǀ ǂƞƹƿ ưǀƾƿƫƹ ƿƺ Ʃƞǁƣ Ʃƫƾ ƺǂƹ ƾƩƺǂ
     ᇱƟƽƫƹƨƟƫƣƟơƽƟƞơƴ
  ᄚ   ᇱƟƽƫƹƨƟƫƣƟơƽƟƞơƴ
      ᄖᄭ ᇱƟƽƫƹƨƟƫƣƟơƽƟƞơƴ
   
        ᇴᄙᇲ
ưǀƾƿƫƹ ƿƺ ơƺƸƣ ƿƺ DŽƺǀƽ ƾơƩƺƺƶᄛ
    ᇱᇇƟƫƣƟƣƽǂƺƽƶƢᇇ
ưǀƾƿƫƹ ƿƺ ơƺƸƣ ƺƹ ƞƹƢ ᄛ ᇱưǀƾƿƟƫƣƟƣƽơƺ ᇱưǀƾƿƟƫƣƟƣƽơƺ
ƣƶƞƿƣƢ ƿƺ ƿƩƣ Ʃƺƻƣ Ƥƺƽ ǁƣƽƟƞƶ ƫƹƿƣƽƞơƿƫƺƹ ǂƫƿƩ ƿƩƣ ơƣƶƣƟƽƫƿDŽ ƫƾ ƿƩƣ ƩƫƨƩ ǁƞƶǀƣ
ƞƾƾƫƨƹƣƢ ƿƺ Ʃƞǁƫƹƨ ǀƾƿƫƹ ƫƣƟƣƽ ƞƾ ƞ Ƥƺƶƶƺǂƣƽᄕ ƾƣƣƹ ƫƹ ƤƽƣƼǀƣƹƿƶDŽ ƽƣƿǂƣƣƿƣƢ
ƻƺƾƿƾ ƾǀơƩ ƞƾᄘ
 ƫƤ DŽƺǀ Ʃƞǁƣ ǀƾƿƫƹ ƫƣƟƣƽ Ƥƺƶƶƺǂƫƹƨ DŽƺǀ ኜᇵ
ƣƫƹƨ ƞƟƶƣ ƿƺ ƻƣƽƤƺƽƸ ƿƩƫƾ ƽƣƿǂƣƣƿ ƫƾ ǂƺƽƹ ƞƾ ƟƞƢƨƣ ƺƤ Ʃƺƹƺǀƽ ƫƹ ƿƩƣ Ƥƞƹ
ơƺƸƸǀƹƫƿDŽᄕ Ƣƣƾƻƫƿƣ ƿƩƣ ƾƺƸƣǂƩƞƿ ƻƩƞƿƫơ ƹƞƿǀƽƣ ƺƤ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ ƽƣƶƞƿƫƺƹƾƩƫƻ
ƨƫǁƣƹ ƿƩƣ ǁƺƶǀƸƣ ƺƤ Ƥƞƹƾᄘ
ƾƺ ƩƞƻƻDŽ ơƞƹƿ Ɵƣƶƫƣǁƣ ƿƩƞƿ ưǀƾƿƫƹ ƫƾ Ƥƺƶƶƺǂƫƹƨ Ƹƣ
Ʃƣ ƫƣƟƣƽ Ƥƞƹ ƫƾ ƶƫƴƣƶDŽ ƿƺ ơƺƹƾƿƽǀƣ ƞ ƾƣƿ ƺƤ ơƺǀƻƶƫƹƨƾ ƽƣƞƶƫƾƣƢ ƟDŽ ƻƞƽƿƫơǀƶƞƽ ơƺᅟ
ƻƞƿƿƣƽƹƾ ƺƤ ǀƾƿƫƹ ƫƣƟƣƽᅟƽƣƶƞƿƣƢ ƫƢƣƞƿƫƺƹ ƿƺƨƣƿƩƣƽ ǂƫƿƩ ƞ ƾƣƶƣơƿƫƺƹ ƺƤ ƞƻƻƽƞƫƾƞƶ
ƾǀƟƾDŽƾƿƣƸƾᄙ ƣƽƤƺƽƸƫƹƨ ƿƩƣ ƾƺơƫƞƶ ƽƣƶƞƿƫƺƹ ƺƤ Ɵƣƫƹƨ ƞ ƫƣƟƣƽ Ƥƞƹᄕ ƫƹ ƺƿƩƣƽǂƺƽƢƾ
ƣƹƞơƿƫƹƨ ƞ ƫƣƟƣƽᅟƤƞƹ ƻƣƽƾƺƹƞᄕ ƫƹǁƺƶǁƣƾ ƽƣƿǂƣƣƿƫƹƨ ƿƩƣ Ƹƫơƽƺƻƺƾƿ ƟƞƾƣƢ ƺƹ
ƾƩƞƽƫƹƨ ƿƩƣ ƟƺƹƢƾ ƻƽƺƻƺƾƣƢ ƿƩƽƺǀƨƩ ƿƩƣ ơƺǀƻƶƫƹƨƾ ơƺƹƾƿƽǀƣƢ ᄬƾƩƺǂƹ ƺƹ ƿƩƣ
ƶƣƤƿ ƺƤ ƿƩƣ Ƥƺƶƶƺǂƫƹƨ ƧƬƨǀƽƣᄭᄙ
ᇴᇲᇸ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ؙؚبإؘ Ʃƣ ơƺᅟƻƞƿƿƣƽƹƫƹƨ ƺƤ ơƺƹƿƫƹƨƣƹơDŽ ƞƹƢ ơƺǀƻƶƫƹƨ ƫƹ ƽƣƿǂƣƣƿƾᄙሾሾ
ƣ ƸƫƨƩƿ ƞƶƾƺ ơƺƹƾƫƢƣƽ ƿƩƫƾ ƽƣƿǂƣƣƿƫƹƨ ƻƽƞơƿƫơƣ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƿƩƣ ƞƨƨƽƣƨƞƿƫƺƹ
ƞƦƤƺƽƢƣƢ ƟDŽ ƩƞƾƩƿƞƨƾᄙ ƶƾƣǂƩƣƽƣ  Ʃƞǁƣ ƣǃƻƶƺƽƣƢ ƿƩƣ ơƺƸƸǀƹƫƿDŽᅟƤƺƽƨƫƹƨ Ƥǀƹơᅟ
ƿƫƺƹ ƺƤ ƩƞƾƩƿƞƨƨƫƹƨᄕ ǂƩƣƽƣ ƩƞƾƩƿƞƨƾ ƞƽƣ ǀƾƣƢ ƿƺ ƽƣƹƢƣƽ ƿǂƣƣƿƾ ƾƣƞƽơƩƞƟƶƣ ᄬƞƻᅟ
ƻƞǁƫƨƹƞ ᇴᇲᇳᇳᄭᄙ ǂƣƣƿƾ ƿƩƞƿ ơƞƹ Ɵƣ ƤƺǀƹƢ ƟDŽ ƾƣƞƽơƩƫƹƨ Ƥƺƽ ƞ ƿƞƨ ơƞƹ Ɵƣ ƿƩƺǀƨƩƿ
ƺƤ ƞƾ ƣǃƫƾƿƫƹƨ ƫƹ ƞƹ ƞƸƟƫƣƹƿ ƽƣƶƞƿƫƺƹ ƿƺ ƣƞơƩ ƺƿƩƣƽᄕ ƞƹƢ ƿƩƣ ƟƺƹƢƾ ƿƩƣDŽ ƻƽƺƻƺƾƣ
ơƩƞƽƞơƿƣƽƫƾƣ ƞƹ ƞƸƟƫƣƹƿ ơƺƸƸǀƹƫƿDŽ ƞƶƫƨƹƣƢ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƿƩƣ ƿƺƻƫơ ƫƢƣƹƿƫƧƬƣƢ
ƟDŽ ƿƩƣ ƿƞƨᄙ ƣ ơƞƹ ƿƩǀƾ ƿƩƫƹƴ ƺƤ ƞƶƶ ƿǂƣƣƿƾ ơƺƹƿƞƫƹƫƹƨ ƿƩƣ ƿƞƨ ᇱưǀƾƿƫƹƟƫƣƟƣƽ ƫƹ
ƿƩƫƾ ǂƞDŽᄕ ơƺƹƿƽƞƾƿƫƹƨ ƿƞƨƾ ǂƩƣƽƣ ƫƹƾơƽƫƟƣƢ ƻƺƾƫƿƫǁƣ ƣǁƞƶǀƞƿƫƺƹ Ʃƞƾ ƟƶƣƢ ƫƹƿƺ ƿƩƣ
ƩƞƾƩƿƞƨᄕ ƾǀơƩ ƞƾ ᇱƫƶƺǁƣưǀƾƿƫƹƟƫƣƟƣƽ ᄬƨƫǁƣƹ ƞ ƻƺƾƫƿƫǁƣ ơƩƞƽƨƣ ƫƹ ƫƨǀƽƣ ᇷᄭᄕ ǂƫƿƩ
ƩƞƾƩƿƞƨƾ ƾǀơƩ ƞƾ ᇱƟƫƣƟƣƽƾǀơƴƾᄕ ƽƣƻƽƣƾƣƹƿƫƹƨ ơƺƸƸǀƹƫƿƫƣƾ ƺƤ Ƣƫƾƾƣƹƿƫƹƨ ǁƺƫơƣƾ
ᄬƨƫǁƣƹ ƞ ƹƣƨƞƿƫǁƣ ơƩƞƽƨƣ ƫƹ ƫƨǀƽƣ ᇷᄭᄙ Ʃƣ ơƺƹƿƽƞƾƿƫƹƨ ǁƞƶǀƣƾ ᄬƞƹƞƶƺƨƫDžƣƢ ƞƾ
ƺƻƻƺƾƫƹƨ ና ƞƹƢᅭơƩƞƽƨƣƾ ƫƹ ƫƨǀƽƣ ᇷᄭ ơƞƹ Ɵƣ ƾƣƣƹ ƟDŽ ơƺƸƻƞƽƫƹƨ ƿƩƣ ƿǂƺ ƿǂƣƣƿƾᄘ
 ᇗƾƣƽ  ƿƩƫƾ ƫƤ DŽƺǀ Ʃƞƿƣ ǀƾƿƫƹ ƫƣƟƣƽᄙ ᄩᄩ ᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛᄛ ᇱƩƞƿƣ
 ᇗƾƣƽᄘ  ƫƤ DŽƺǀ ƿƩƫƹƴ ưǀƾƿƫƹ ƟƫƣƟƣƽ ƫƾ ƿƩƣ Ƹƺƾƿ ƻƣƽƤƣơƿ ƨǀDŽ ƫƹ ƿƩƣ ǂƺƽƶƢ ƽƣƸƺǁƣ ƾƻƞơƣᄞ
ƽƣƞƽƽƞƹƨƣƢ ƺƽƢƣƽ ƺƤ ƧƬƨǀƽƣ ƞƹƢ ƿƣǃƿᄕƻƶƣƞƾƣ ơƩƣơƴ
Ʃƣ ƾƺơƫƞƶ ƟƺƹƢƾ ƻƽƺƻƺƾƣƢ ƟDŽ ǀƾƿƫƹ ƫƣƟƣƽ Ƥƞƹƾ ƞƽƣ ƻƞƽƿ ƺƤ ƣƹƞơƿƫƹƨ ƞ ƿƞƽƨƣƿƣƢ
ƻƣƽƾƺƹƞᄕ Ɵǀƿ ƞƾ ǂƣ ǂƫƶƶ ƾƣƣ ƫƹ ƿƩƣ ƹƣǃƿ ƾƣơƿƫƺƹᄕ ƟƺƹƢƾ ƸƞDŽ Ɵƣ ơƺƹƾƿƽǀƣƢ ƟDŽ
ƸǀơƩ Ƹƺƽƣ ƨƣƹƣƽƞƶ ǁƞƶǀƣᅟƫƢƣƞƿƫƺƹ ơƺǀƻƶƫƹƨƾᄙ
ᇳᇳ ƹơƶƫƹƞƿƫƺƹ ƫƾ ƞ ƤǀƽƿƩƣƽ ƾǀƟƾDŽƾƿƣƸ ƺƤ Ʃƞƻƻƫƹƣƾƾ ᄬƣᄙƨᄙᄕ Ƹƫƾƾᄕ ƶƺƹƨ Ƥƺƽᄕ DŽƣƞƽƹ Ƥƺƽᄭ ᄬƞƽƿƫƹ ᇳᇻᇻᇴᄘ
ᇷᇳᄭᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇲᇹ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ؙؚبإؘ ᇷ ƺƹƾƫƢƣƽƫƹƨ ƽƣƿǂƣƣƿƫƹƨ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƩƞƾƩƿƞƨƨƫƹƨ
ƺƹƢƫƹƨ ƞƽƺǀƹƢ ƿƩƣ ǀƺƿƫƢƫƞƹ
ƫơƽƺƟƶƺƨƨƫƹƨ Ƣƫƾơƺǀƽƾƣ ƞƦƤƺƽƢƾ ƹƣǂ ƫƹƾƫƨƩƿ ƫƹƿƺ ƞƾƻƣơƿƾ ƺƤ ƣǁƣƽDŽƢƞDŽ ƶƫƤƣ ƿƩƞƿ
Ʃƞǁƣ ƩƫƿƩƣƽƿƺ ƹƺƿ Ɵƣƣƹ ƽƣƞƢƫƶDŽ ƸƞƢƣ ƻǀƟƶƫơᄙ ƣƽƾƺƹƞƶ ƣǃƻƽƣƾƾƫƺƹ ƺƤ ƽƺǀƿƫƹƣ
ƣǃƻƣƽƫƣƹơƣƾ Ʃƞƾ ƹƣǁƣƽ Ɵƣƣƹ ƾǀƟưƣơƿ ƿƺ ƽƣƞƶᅟƿƫƸƣ Ƹƞƾƾ ƢƫƾƾƣƸƫƹƞƿƫƺƹ ƫƹ ƿƩƣ ǂƞDŽ
ƿƩƞƿ ǂƣ ƞƽƣ ơǀƽƽƣƹƿƶDŽ ǂƫƿƹƣƾƾƫƹƨᄙ ǂƫƿƿƣƽ ƻƽƺǁƫƢƣƾ ƞ ƤƺƽǀƸ ǂƩƣƽƣ ƿƩƣƾƣ ƽƺǀƿƫƹƣ
ƣǃƻƣƽƫƣƹơƣƾ ƸƞDŽ Ɵƣ ƞƶƸƺƾƿ ƫƹƾƿƞƹƿƞƹƣƺǀƾƶDŽ ƟƽƺƞƢơƞƾƿᄕ ǂƩƣƿƩƣƽ ƿƺ ƾƩƞƽƣ ƞ
ƻƺƾƫƿƫǁƣ ƸƺƸƣƹƿ ƺƽ ƿƺ ƾƞƿƫƾƤDŽ ƿƩƣ ǁƣƽDŽ ƩǀƸƞƹ ƹƣƣƢ ƿƺ ơƺƸƻƶƞƫƹᄙ ƫơƽƺƻƺƾƿƾ
ƤƽƣƼǀƣƹƿƶDŽ ƻƽƺǁƫƢƣ ƞƹ ƺƻƻƺƽƿǀƹƫƿDŽ Ƥƺƽ ƟƺƹƢƫƹƨ ƞƽƺǀƹƢ ƿƩƣ ƼǀƺƿƫƢƫƞƹᄕ ƞƦƤƺƽƢƫƹƨ
ƿƩƣ ƻƽƫǁƞƿƣ ƽƣƞƶƸ ƺƤ ƢƞƫƶDŽ ƣǃƻƣƽƫƣƹơƣ ƞ ƻǀƟƶƫơ ƞǀƢƫƣƹơƣᄙ
Ʃƣ ƫƹơƽƣƞƾƫƹƨ ƻƣƽǁƞƾƫǁƣƹƣƾƾ ƺƤ ƿƩƫƾ ƤƺƽƸ ƺƤ ƻƣƽƾƺƹƞƶ Ƣƫƾơƶƺƾǀƽƣ ƞƽƫƾƣƾ ƤƽƺƸ
ƿƩƣ ƩƫƾƿƺƽDŽ ƺƤ ƺƹƶƫƹƣ ưƺǀƽƹƞƶƫƹƨ ƞƹƢ Ɵƶƺƨƾᄕ ǂƩƣƽƣ ƞǀƿƩƺƽƾ ƺƤƿƣƹ ǀƾƣ ƿƩƣƫƽ ƺǂƹ
ƶƫǁƣƾ ƞƾ ƿƩƣ Ƥƺơǀƾ ƺƤ ƿƩƣƫƽ Ƹƞƿƣƽƫƞƶᄙ Ʃƣ ƸƫơƽƺƟƶƺƨƨƣƽ ƫƾ ƣƹƨƞƨƫƹƨ ƫƹ ƞ ƻƽƞơƿƫơƣ
ƿƩƞƿ ᅸơƣƹƿƣƽƾ ƺƹ Ƹƞƴƫƹƨ ƿƩƣ ƺƽƢƫƹƞƽDŽ ǁƫƾƫƟƶƣ ƿƺ ƺƿƩƣƽƾᅺ ᄬǀƶƞƾǁƫƽƿƞ ƣƿ ƞƶᄙᄕ ᇴᇲᇳᇲᄕ
ƻᄙ ᇴᇵᇺᄭᄙ  ƾƺơƫƞƶ ƹƣƣƢ ƿƺ ƽƣƸƞƫƹ ƫƹ ƿƩƣ ơƺƶƶƣơƿƫǁƣ ơƺƹƾơƫƺǀƾƹƣƾƾ ƺƤ ƿƩƣ ƾƺơƫƞƶ
ƾƿƽƣƞƸ ƞƾ ƫƿ ǀƹƤƺƶƢƾ ƫƹ ƿƫƸƣ ƾƣƣƸƾ ƿƺ Ƹƺƿƫǁƞƿƣ ƿƩƫƾ ƴƫƹƢ ƺƤ Ƣƫƾơƶƺƾǀƽƣᄘ
Ʃƞƿ ƹƣƣƢƾ ƿƺ Ɵƣ ƣǃƻƶƞƫƹƣƢ ƫƾ ƾƺƸƣƟƺƢDŽᅷƾ ǂƫƶƶƫƹƨƹƣƾƾ ƿƺ ƾƿƺƻ ƿƩƣ ơǀƽ
ƽƣƹƿ ƞơƿƫǁƫƿDŽᄕ ƿƞƴƣ ƺǀƿ ƿƩƣ ƻƩƺƹƣᄕ ƞƹƢ ƣǃƻƣƹƢ ƣƦƤƺƽƿ ƿƺ ƞơƿƫǁƣƶDŽ ơƽƣƞƿƣ ƾǀơƩ
ƞ ᅸƻƣƣƻƩƺƶƣᅺ Ƥƺƽ ƺƿƩƣƽƾᄙ Ʃƣ ƴƣDŽ ƫƾ ƿƺ ǀƹƢƣƽƾƿƞƹƢ ƿƩƞƿ ƞ ƸƫơƽƺƟƶƺƨƨƣƽ
ᅸƣǃƫƾƿƾᅺ ƿƩƽƺǀƨƩ ƞ ƾƿƞơơƞƿƺ ƺƤ ƺƹƣᅟƶƫƹƣƽƾᄕ ƺƽƨƞƹƫDžƣƢ ƫƹ ƽƣǁƣƽƾƣ ơƩƽƺƹƺƶƺƨƫᅟ
ơƞƶ ƺƽƢƣƽ ƾǀơƩ ƿƩƞƿ ƿƩƣ Ƹƺƾƿ ƽƣơƣƹƿ ƺƹƣ ƧƬǃƣƾ ƺƿƩƣƽƾᅷ ƫƹƿƣƽƻƽƣƿƞƿƫƺƹ ƺƤ Ʃƫƾ
ƺƽ Ʃƣƽ Ƹƺƾƿ ơǀƽƽƣƹƿ Ƣƺƫƹƨƾᄙ ᄬǀƶƞƾǁƫƽƿƞ ƣƿ ƞƶᄙᄕ ᇴᇲᇳᇲᄕ ƻᄙ ᇴᇶᇺᄭ
ƹ ƿƩƫƾ ǂƞDŽ ƸƫơƽƺƟƶƺƨƨƫƹƨ ơƞƹ Ɵƣ ƾƣƣƹ ƞƾ ƞƹ ƺƹƨƺƫƹƨ ƻƣƽƤƺƽƸƞƹơƣ ƺƤ ƺƹƶƫƹƣ
ƫƢƣƹƿƫƿDŽᄙ ƣƽƩƞƻƾ ƞƹƺƿƩƣƽ ƾƫƨƹƫƧƬơƞƹƿ ƣǃƻƶƞƹƞƿƺƽDŽ Ƥƞơƿƺƽ Ƥƺƽ ƿƩƣ Ƣƫƾơƶƺƾǀƽƣƾ
ƻƣƽƤƺƽƸƣƢ ƫƾ ƿƩƣ ƩǀƸƞƹ Ƣƣƾƫƽƣ Ƥƺƽ ƞƦƧƬƶƫƞƿƫƺƹᄘ ǂƣ ƣǃƫƾƿ ǂƫƿƩƫƹ ơƺƸƸǀƹƫƿƫƣƾ
ᇴᇲᇺ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƺƤ ƺƿƩƣƽ ǁƺƫơƣƾ ǂƫƿƩ ǂƩƫơƩ ǂƣ ǂƫƾƩ ƿƺ ơƺƹƹƣơƿᄙ Ʃƣ ƾƿƞƹơƣƾ ǂƣ ƞƢƺƻƿ ƞƹƢ
ƿƩƣ ƺƟƾƣƽǁƞƿƫƺƹƾ ƞƹƢ ƣǁƞƶǀƞƿƫƺƹƾ ǂƣ ƾƩƞƽƣ ƞƶƶ ƣǃƫƾƿ ƽƣƶƞƿƫǁƣ ƿƺ ƿƩƣ Ƹƣƞƹƫƹƨ
Ƹƞƴƫƹƨ ƺƤ ƿƩƣ ƺƿƩƣƽ ƸƣƸƟƣƽƾ ƺƤ ƺǀƽ ƾƺơƫƞƶ ƹƣƿǂƺƽƴ ƞƹƢ ƿƺ ƞƶƶ ƺƿƩƣƽ ƻƺƿƣƹƿƫƞƶ
ƹƣƿǂƺƽƴƾ ƺƤ Ƹƣƞƹƫƹƨᄙ ƹ ƺƿƩƣƽ ǂƺƽƢƾᄕ ǂƣ ƻƣƽƤƺƽƸ ƺǀƽ ƺƹƶƫƹƣ ƫƢƣƹƿƫƿƫƣƾ ƫƹ ƺƽƢƣƽ
ƿƺ ơƺƹƹƣơƿ ǂƫƿƩ ƺƿƩƣƽƾᄙ
 ǁƣƽDŽ ơƺƸƸƺƹ ƟƺƹƢ ƻƽƺƻƺƾƣƢ ƫƹ  ƿǂƣƣƿƾ ǂƞƾ Ƣƫƾƻƶƣƞƾǀƽƣ ƞƟƺǀƿ
ơƺƸƸƺƹƻƶƞơƣ ƞƹƹƺDŽƞƹơƣƾᄙ ƽƺƻƺƾƞƶƾ ƫƹ ƿƩƫƾ ƢƺƸƞƫƹ ƸƫƨƩƿ ƿƞƴƣ ƿƩƣ ƤƺƽƸ ᄬƞƾ
ƾƩƺǂƹ ƫƹ ƞƟƶƣ ᇻᄭᄘ
   ና ᄬƹƣƨƞƿƫǁƣ ƞƦƤƣơƿ ና ƫƢƣƞƿƫƺƹƞƶ Ƣƣƾơƽƫƻƿƫƺƹ ƺƤ ƣǁƣƽDŽƢƞDŽ ƞƹƹƺDŽᅟ
ƞƹơƣᄭ
Ʃƣ ƿǂƣƣƿƾ ƾƞƸƻƶƣƢ ƞƽƣ ƻƞƽƿ ƺƤ ƿƩƣ ᇱƫƺƫƿᇴ ǂƫƿƿƣƽ ƸƣƸƣᄙ ƣƸƣƾ ƞƽƣ ơƺƶƶƣơƿƫǁƣᄕ
ƤƺƽƸǀƶƞƫơᄕ ƞƹƢ ǀƾǀƞƶƶDŽ ƩǀƸƺƽƺǀƾ ƣǃƻƽƣƾƾƫƺƹƾ ƿƩƞƿ ƻƽƺƻƺƨƞƿƣ ǁƫƽƞƶƶDŽ ƺƹ ƿƩƣ
ƹƿƣƽƹƣƿᄙ ƩƣDŽ ƺƤƿƣƹ ƿƞƴƣ ƿƩƣ ƤƺƽƸ ƺƤ ƻƩƽƞƾƞƶ ƿƣƸƻƶƞƿƣƾ ǂƫƿƩ ƣƸƻƿDŽ ƾƶƺƿƾ ƫƹƿƺ
ǂƩƫơƩ ǀƾƣƽƾ ơƞƹ ƫƹƾƣƽƿ ƿƩƣƫƽ ƺǂƹ ƫƿƣƸƾ ƿƺ ơƽƣƞƿƣ ǁƞƽƫƞƿƫƺƹƾ ᄬƞƻƻƞǁƫƨƹƞᄕ ᇴᇲᇳᇴᄭᄙ
اؔؕ؟ؘ ƶƵƠƶƹơƞƵƠƢ ƳƩƵƢƺ ƣƶƹ ƻƾƢƢƻƺ ƢƿƷƹƢƺƺƩƵƧ ƵƢƧƞƻƩƽƢ ƞƥƣƢƠƻ ƻƶƾƞƹơ ƠƶƴƴƶƵ
ơƞƩƳǀ ƩƹƹƩƻƞƻƩƶƵƺჯ
 ᇗƫƺƫƿᇴᄘ  ƫƤ DŽƺǀ ǂƞƶƴ ƫƹƿƺ ƞ ƽƺƺƸ ƞƹƢ Ƥƺƽƨƣƿ ǂƩƞƿ DŽƺǀ ǂƣƹƿ ƫƹ ƿƩƣƽƣ Ƥƺƽ
ᇱƫƺƫƿᇴ
Ʃƞƿƣ ƫƿ ǂƩƣƹ ƻƣƺƻƶƣ ƿƺǀơƩ DŽƺǀ ƞƹƢ ƿƩƣDŽ Ʃƞǁƣ ơƺƶƢ ƩƞƹƢƾᄙ
ᇱƫƺƫƿᇴ
Ʃƞƿƣ ƻƣƺƻƶƣ ǂƩƺ ǂƞƶƴ ƽƣƞƶƶDŽ ƾƶƺǂ ƫƹƤƽƺƹƿ ƺƤ DŽƺǀ ƞƹƢ ơƞƹᅷƿ ƨƣƿ
ƻƞƾƿ ƿƩƣƸᄙ ᇱƫƺƫƿᇴ
Ʃƞƿƣ ƿƩƺƾƣ ƻƣƺƻƶƣ ǂƩƺ ơƶƞƻ ǂƩƣƹ ƿƩƣ ƻƶƞƹƣ ƶƞƹƢƾ ᇱƫƺƫƿᇴ
ơƞƹᅷƿ ƾƿƞƹƢ ƿƩƣ ƾƺǀƹƢ ƺƤ DŽƺǀƽ ƺǂƹ ǁƺƫơƣ ƺƹ ƽƣơƺƽƢƫƹƨƾ
ᇱƫƺƫƿᇴ
ƾƿƞDŽ ƫƹ ƿƩƣ ƾƩƺǂƣƽ ƶƺƹƨƣƽ Ɵƣơƞǀƾƣ DŽƺǀᅷƽƣ ƾơƞƽƣƢ ƺƤ ƿƩƣ ơƺƶƢ
ǂƞǁƣ ƿƩƞƿ ǂƫƶƶ Ʃƫƿ DŽƺǀ ǂƩƣƹ DŽƺǀ ƨƣƿ ƺǀƿ ᇱƫƺƫƿᇴ
Ʃƣ ᇱƫƺƫƿᇴ ƸƣƸƣ ƫƾ ơƶƺƾƣƶDŽ ƽƣƶƞƿƣƢ ƿƺ ƞ ƶƞƽƨƣƽ ƾƣƿ ƺƤ ǂƫƿƿƣƽ ƸƣƸƣƾ ơƺƹơƣƽƹƣƢ
ǂƫƿƩ ơƺƸƻƶƞƫƹƫƹƨ ƞƟƺǀƿ ƶƫƤƣᄙ Ʃƣƾƣ ƸƣƸƣƾ ǀƾƣ ƩƞƾƩƿƞƨƾ ƾǀơƩ ƞƾ ᇱ
ᄕ ᇱᄕ ᇱᄕ ƞƹƢ ᇱ ƿƺ ƣǃƻƽƣƾƾ ƞ
ƴƫƹƢ ƺƤ ǀƹƫǁƣƽƾƞƶ ơƺƸƻƶƞƫƹƿ ƞƟƺǀƿ ƢƞƫƶDŽ ƣǁƣƹƿƾᄙ ƾƫƹƨ ƞ ƩƞƾƩƿƞƨ ƥƷƞƨƾ ƿƩƣ ǀƹƫǁƣƽ
ƾƞƶƫƿDŽ ƺƤ ƿƩƣ ơƺƸƻƶƞƫƹƿ ƞƾ ƫƿ ƾǀƨƨƣƾƿƾ ƿƩƞƿ ƺƿƩƣƽƾ ƾƩƞƽƣ ƿƩƣ ƾƞƸƣ ƣǃƻƣƽƫƣƹơƣ ᄬƞƹƢ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇲᇻ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƸƞDŽ ǀƾƣ ƿƩƣ ƾƞƸƣ ƿƞƨᄭᄙ ǃƻƽƣƾƾƫƺƹƾ ƺƤ ƞƻƻƽƞƫƾƞƶ ƽƞƿƩƣƽ ƿƩƞƹ ƾƫƸƻƶƣ ƫƢƣƞƿƫƺƹƞƶ
ƿƺƻƫơƾ ƺơơǀƽ ƫƹ ƿƩƣ ƩƞƾƩƿƞƨᄙ
ƺƸƣ ƺƤ ƿƩƣƾƣ ƣǁƞƶǀƞƿƫǁƣ ƩƞƾƩƿƞƨ ƸƣƸƣƾ ƣƸƻƶƺDŽ ơƺƹƿƫƹƨƣƹơDŽ ǂƫƿƩ ƿƩƣ
Ƥǀƹơƿƫƺƹ ƺƤ ƞơƿƫǁƞƿƫƹƨ ƫƹǁƺƴƣƢ ƣǁƞƶǀƞƿƫƺƹ ƫƹ ƿƩƣ ƟƺƢDŽ ƺƤ ƿƩƣ ƿǂƣƣƿᄘ
ᇱƫƩƞƿƣƫƿǂƩƣƹ ƾƺƸƣƺƹƣ ƨƣƿƾ ƾƺ ơƞǀƨƩƿ ǀƻ ǂƫƿƩ ƿƩƣ ƿǁ ƿƩƣDŽ ƾƿƺƻ ƫƹ ƿƩƣ
ƸƫƢƢƶƣ ƺƤ ƞ ƾƿƞƿƣƸƣƹƿ ᄚ
ƹ ƿƩƫƾ ƿǂƣƣƿᄕ ƿƩƣ ؘؙؙؔؖا ƫƹ ƿƩƣ ƶƞƟƣƶᄕ ᇱƫƫƿǂƩƣƹᄕ Ƹƞƽƴƾ ƿƩƣ ƫƹǁƺƴƣƢ ءؘؚؔᅟ
اةؘ ؝بؘؚؗؠؘءا ƺƤ ƿƩƣ ƟƣƩƞǁƫƺǀƽ ᄬƹƺƿ ƻƞDŽƫƹƨ ƻƽƺƻƣƽ ƞƿƿƣƹƿƫƺƹ ƿƺ ƞƹ ƫƹƿƣƽƶƺơǀᅟ
ƿƺƽᄭᄙ ǂƣƣƿƾ ơƺƹƤƺƽƸƫƹƨ ƿƺ ƿƩƫƾ ƻƞƿƿƣƽƹ ƿDŽƻƫơƞƶƶDŽ ƻƽƣƾƣƹƿ ƿƩƣ ƣǁƣƹƿ ƞƾ ƩƞƟƫƿǀƞƶ
ǁƫƞ ƸƺƢƞƶƫƾƞƿƫƺƹᄕ Ƥƺƽ ƣǃƞƸƻƶƣᄘ
 ᇗƺƩƞƿᇴᄘ  ƫƤ DŽƺǀ ƞƶǂƞDŽƾ ƾƞDŽ ᅸƩƞƿᄞᅺ ƿƩƣƹ ƽƣƞƶƫDžƣ ǂƩƞƿ ƿƩƣDŽ ƾƞƫƢ
ƺƹƣ ƾƣơƺƹƢ ƶƞƿƣƽ
Ʃƣƽƣ ƹƣƨƞƿƫǁƣ ؘؙؙؔؖا ƫƾ ƻƽƣƾƣƹƿᄕ ƫƿ ƫƹǁƺƴƣƾ ؝بؘؚؗؠؘءا ƺƤ ءآإؠؔ؟اجᄙ ƹ
ƺƿƩƣƽ ǂƺƽƢƾᄕ ƿƩƣ ƻƺƫƹƿ ƫƾ ƹƺƿ ƿƩƞƿ DŽƺǀ ƧƬƹƢ ƿƩƣ ƢƞƫƶDŽ ƣǁƣƹƿ ƞƹƹƺDŽƫƹƨᄕ Ɵǀƿ ƽƞƿƩƣƽ
ƿƩƞƹ DŽƺǀ ƞƽƣ ƿƺ Ɵƣ ƻƺƾƫƿƫǁƣƶDŽ ưǀƢƨƣƢ ƫƹ ƿƣƽƸƾ ƺƤ ءآإؠؔ؟اج Ɵƣơƞǀƾƣ DŽƺǀ Ƣƺᄙ
Ʃƣ ƾƺơƫƞƶ ƽƣƶƞƿƫƺƹ ƫƾ ƺƹƣ ƺƤ ƻƽƺƻƺƾƫƹƨ ƞ ƟƺƹƢ ƿƩƞƿ ƫƾ ƾƩƞƽƣƞƟƶƣ Ɵƣơƞǀƾƣ ƺƿƩƣƽƾ
ƣǃƻƣƽƫƣƹơƣ ƿƩƣ ƾƞƸƣ ƻƽƺƟƶƣƸƾᄙ
Ʃƣ ƴƫƹƢ ƺƤ ƾƣƶƤᅟƢƣƻƽƣơƞƿƫƹƨ ƻƣƽƾƺƹƞ ơƺƹƾƿƽǀƣƢ ƫƹ ƿƩƣƾƣ ƼǀƺƿƫƢƫƞƹ ƟƺƹƢƾ
ƸƞƢƣ ƫƹ ƽƣƶƞƿƫƺƹ ƿƺ ƣǁƣƽDŽƢƞDŽ ƫƽƽƫƿƞƿƫƺƹƾ ƫƾ ơƶƺƾƣƶDŽ ƞƶƫƨƹƣƢ ǂƫƿƩ ƿƩƣ ǂƫƿƿƣƽ ᇱƤƞƫƶ
ƸƣƸƣ ǂƩƣƽƣ ǀƾƣƽƾ ǂƫƶƶ ƻƺƾƿ ƞƟƺǀƿ ƾƺƸƣƿƩƫƹƨ ƿƩƞƿ Ʃƞƾ ƨƺƹƣ ǂƽƺƹƨ Ƣǀƽƫƹƨ ƿƩƣƫƽ
ƢƞDŽᄕ Ƥƺƽ ƣǃƞƸƻƶƣᄘ
ƞƫƹƿƫƹƨ ƸDŽ ƹƞƫƶƾ ƞƿ ᇴ ƫƹ ƿƩƣ Ƹƺƽƹƫƹƨ ᇱƤƞƫƶ ᄚ Ƥƺƽƨƺƿ  ƩƞƢ ƿƺ ǂƞƫƿ Ƥƺƽ ƿƩƫƾ
ơƽƞƻ ƿƺ ƢƽDŽ ᄘᅟᄨ
ƾƫƹƨ ƞƫƶ ƫƹ ƞ ƾƿƞƿǀƾ ǀƻƢƞƿƣ ƫƹǁƺƴƣƾ ƞƦƧƬƹƫƿDŽ ǂƫƿƩ ƞ ƻǀƿƞƿƫǁƣ ơƺƸƸǀƹƫƿDŽ ƺƤ
Ƥƣƶƶƺǂ ᅵƤƞƫƶǀƽƣƾᅷ ǂƩƺ ǂƣ ơƞƹ ƫƸƞƨƫƹƣ ƻƺƾƿƫƹƨ ᅵ ƫƤ DŽƺǀ Ʃƞƿƣ ƫƿ ǂƩƣƹ DŽƺǀ ƻƞƫƹƿ
DŽƺǀƽ ƹƞƫƶƾ ƟƣƤƺƽƣ ƟƣƢ ƞƹƢ Ʃƞǁƣ ƿƺ ǂƞƫƿ Ƥƺƽ ƿƩƣƸ ƿƺ ƢƽDŽᅷᄙ Ʃƣ Ƹƫƹƺƽ ƫƹơƫƢƣƹƿᄕ
ƫƹơƺƹǁƣƹƫƣƹơƣ ƞƿ ǂƞƫƿƫƹƨ Ƥƺƽ ƹƞƫƶ ƻƺƶƫƾƩ ƿƺ ƢƽDŽᄕ ƽƣƻƺƽƿƣƢ ƫƹ ƿƩƫƾ ƿǂƣƣƿ ƿƞƴƣƾ ƺƹ
ƞ Ƹƺƽƣ ƨƶƺƟƞƶ Ƹƣƞƹƫƹƨ ƻƺƿƣƹƿƫƞƶ ǁƫƞ ᇱƞƫƶᄙ
Ʃƣ ƟƺƹƢƾ ƻƽƺƻƺƾƣƢ ǂƩƣƹ ƽƣƿǂƣƣƿƫƹƨ ƿƩƫƾ ƴƫƹƢ ƺƤ ơƺƹƿƫƹƨƣƹơDŽ ƞƹƢ ơƺǀƻƶƫƹƨ
ƻƞƿƿƣƽƹᄕ ƻƞƽƿƫơǀƶƞƽƶDŽ ǂƩƣƹ ƻƽƺƻƺƾƣƢ ǂƫƿƩ ƩƞƾƩƿƞƨƾ ƾǀơƩ ƞƾ ᇱƫƺƫƿᇴᄕ ᇱƩƞƿƣƫƿ
ǂƩƣƹᄕ ƞƹƢ ᇱƤƞƫƶᄕ ƾƩƺǂ ǀƾƣƽƾ ƞƶƫƨƹƫƹƨ ƞƽƺǀƹƢ ƞƹƢ ƶƫƨƩƿƶDŽ Ƹƺơƴƫƹƨ ƿƩƣ ơƺƸƸƺƹ
ƻƽƺƟƶƣƸƾ ƺƤ ƸƺƢƣƽƹ ƶƫƤƣᄙ Ʃƣ ƫƢƣƞƿƫƺƹƞƶ ơƺƹơƣƽƹƾ ƿƩƞƿ ƣƹƿƣƽ ƫƹƿƺ ƿƩƣƾƣ ơƺǀᅟ
ƻƶƫƹƨ ƽƣƶƞƿƫƺƹƾ ƞƽƣ ƺƤƿƣƹ ƣƹơƺǀƹƿƣƽƣƢ ƞƶƺƹƣ ƞƹƢ ƞƽƣ ƾƺƸƣǂƩƞƿ ƿƽƫǁƫƞƶᄕ ƞǂƴǂƞƽƢ
ƸƺƸƣƹƿƾ ƿƩƞƿ ƞƽƣ ƻƞƽƿ ƺƤ ƿƩƣ Ƹƫƹǀƿƫƞƣ ƺƤ ƶƫƤƣᄙ ƹ ƿƩƫƾ ǂƞDŽ ƸƫơƽƺƟƶƺƨƨƫƹƨ ƺƦƤƣƽƾ
ᇴᇳᇲ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƿƩƣ ƺƻƻƺƽƿǀƹƫƿDŽ Ƥƺƽ ƻƣƺƻƶƣ ƿƺ ƣǃƻƽƣƾƾ Ƥƽǀƾƿƽƞƿƫƺƹ ƞƿ ƾǀơƩ Ƹƫƹƺƽ ƞƢǁƣƽƾƫƿDŽ ƿƩƞƿ
ƸƫƨƩƿ ƺƿƩƣƽǂƫƾƣ Ɵƣ ơƺƹƾƫƢƣƽƣƢ ƿƺƺ ƫƹƞƹƣ ƿƺ ƟƺƿƩƣƽ ơƺƸƸǀƹƫơƞƿƫƹƨ Ƥƞơƣ ƿƺ Ƥƞơƣᄙ
Ʃƣ ƩƞƾƩƿƞƨ ǁƫƽƿǀƞƶƶDŽ ƞƹƢ ƾDŽƸƟƺƶƫơƞƶƶDŽ ƟƫƹƢƾ ƿƩƣƾƣ ƣǃƻƽƣƾƾƣƢ ơƺǀƻƶƫƹƨƾ
ƿƺƨƣƿƩƣƽ ƞƾ ƞƹ ƞƾƾƣƸƟƶƞƨƣ ƺƤ ƽƣƶƞƿƣƢ ƟƺƹƢƾᄙ Ʃƣ ƫƹƿƫƸƞƿƣ ƞơƿ ƺƤ ƻƞƫƹƿƫƹƨ ƹƞƫƶƾ
ƫƹ ƿƩƣ ƣƞƽƶDŽ Ƹƺƽƹƫƹƨ ƟƣơƺƸƣƾ ƞ ƻǀƟƶƫơ ƞơƿᄕ ƞƹƢ ƿƩƣ ƻƽƫǁƞƿƣ Ƥƽǀƾƿƽƞƿƫƺƹ ƧƬƹƢƾ ƞƹ
ƞƸƟƫƣƹƿ ƞǀƢƫƣƹơƣᄙ Ʃƫƾ ƫƾ ơƩƞƽƞơƿƣƽƫƾƿƫơ ƺƤ ƞ Ɵƶǀƽƽƫƹƨ ƺƤ ƿƩƣ ƻǀƟƶƫơ ƞƹƢ ƻƽƫǁƞƿƣ
ƾƣƣƹ ƫƹ ƾƺơƫƞƶ ƸƣƢƫƞ ƫƹ ƨƣƹƣƽƞƶ ᄬƺDŽƢᄕ ᇴᇲᇳᇲᄕ ƻᄙ ᇶᇻᄭᄙ ƣ ƞƽƣ ƺƽƫƣƹƿƣƢ ƟDŽ ƿƩƣ
ƩǀƸƺƽƺǀƾ ơƺƸƸƺƹƞƶƫƿDŽ ƺƤ ƿƩƣ ơƺƹƿƫƹƨƣƹơƫƣƾ ᄬᅵƫƤ DŽƺǀ ƿƩƫƹƴᄧƤƣƣƶᄧƢƺᅷᄭ ƿƺ ƣƹƞơƿ ƞ
ƽƣƾƻƺƹƾƣ ƿƺ ƿƩƣ ơƺǀƻƶƫƹƨ ƸƞƽƴƣƢ ƟDŽ ƿƩƣ ƩƞƾƩƿƞƨᄙ ǀƾƿ ƞƾ ᅸǀƸƺǀƽ ơƺƹƹƣơƿƾ ƿƩƣ
Ƹƫơƽƺᅟƫƹƿƣƽƞơƿƫǁƣᄕ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ơƺƹƿƣǃƿƾ ƺƤ ƻƽƫǁƞƿƣ ƶƫƤƣ ǂƫƿƩ ƿƩƣ Ƹƞơƽƺᅟƾƺơƫƞƶ
ơƺƹƿƣǃƿƾ ƺƤ ƫƹƾƿƫƿǀƿƫƺƹƞƶƫDžƣƢ ƻǀƟƶƫơ ƶƫƤƣᅺ ᄬƨƨƫƹƾ ƞƹƢ ƶƞƢƣᄕ ᇳᇻᇻᇹᄕ ƻᄙ ᇳᇸᇹᄭᄕ ƫƿ ǂƺƽƴƾ
ƿƺ ơƽƣƞƿƣ ơƺƸƸǀƹƫƿDŽ ƤƽƺƸ ƫƹƢƫǁƫƢǀƞƶᄕ ơƺƸƸƺƹƻƶƞơƣ ƣǃƻƣƽƫƣƹơƣᄙ
ƾ ƿƩƣ ƣǃƞƸƻƶƣƾ ǀƾƣƢ ƿƩƽƺǀƨƩƺǀƿ ƿƩƫƾ ơƩƞƻƿƣƽ ƾǀƨƨƣƾƿᄕ ǂƩƣƹ ƻƽƺƻƺƾƫƹƨ
ƟƺƹƢƾᄕ ƿǂƣƣƿƾ ǂƫƶƶ ƺƤƿƣƹ ƞƿƿƣƸƻƿ ƿƺ ƽƣƹƢƣƽ ƿƩƣƸƾƣƶǁƣƾ Ƹƺƽƣ ƶƫƴƣƶDŽ ƿƺ Ɵƣ ƤƺǀƹƢ
ƟDŽ ƺƿƩƣƽƾ ƾƩƞƽƫƹƨ ƿƩƣ ƾƫƸƫƶƞƽ ơƺǀƻƶƫƹƨƾ ƺƤ Ƹƣƞƹƫƹƨᄙ ƺƽ ƫƹƾƿƞƹơƣᄕ ơƺƹƾƫƢƣƽ ƞƨƞƫƹ
ƞ ƿǂƣƣƿ ƣƹƞơƿƫƹƨ ƿƩƣ ᇱƫƺƫƿᇴ ƸƣƸƣᄘ
 ᇗƫƺƫƿᇴᄘ  ƫƤ DŽƺǀ ƨƣƿ ƞƹƹƺDŽƣƢ ǂƩƣƹ ƨƫƽƶƾ ơƞƶƶ ƿƩƣƸƾƣƶǁƣƾ Ƥƞƿ ƺƽ ǀƨƶDŽ
ǂƩƣƹ ƿƩƣDŽᅷƽƣ ᄕ ƞƹƢ ƿƩƣDŽᅷƽƣ ưǀƾƿ ƿƽDŽƫƹƨ ƿƺ ƨƣƿ ƞƿƿƣƹƿƫƺƹᄙ ᇱƫƺƫƿᇴ
Ʃƣƽƣ ƞƽƣ ƿǂƺ ǂƞDŽƾ ƫƹ ǂƩƫơƩ ƿƩƫƾ ƿǂƣƣƿ ƽƣƹƢƣƽƾ ƫƿƾƣƶƤ ƧƬƹƢƞƟƶƣ ᄬƾƩƺǂƹ ƫƹ ƟƺƶƢᄭᄘ
ƿƩƣ ᇱƫƺƫƿᇴ ƩƞƾƩƿƞƨ ƞƹƢ ƿƩƣ  ƢƫƽƣơƿƣƢ ƞƿ ƿƩƣ ǀƾƣƽᄕ ƫƺƫƿᇴᄕሾሿ ǂƫƿƩ ᇗᄙ ƾƣƽƾ ǂƩƺ
ƞƽƣ ƻƞƽƿƫơǀƶƞƽƶDŽ ƞƸǀƾƣƢ ƟDŽ ƿƩƫƾ ƸƣƸƣ ƸƞDŽ Ƥƺƶƶƺǂ ƫƺƫƿᇴ ƞƾ ƞ ǂƞDŽ ƺƤ ǁƫƣǂƫƹƨ
ƿƩƣ ƽƣƿǂƣƣƿƾ ƢƫƽƣơƿƣƢ ƞƿ ƿƩƫƾ ƞơơƺǀƹƿ ᄬǂƩƫơƩ ǂƫƶƶ ƨƣƹƣƽƞƶƶDŽ Ɵƣ ƫƿƣƽƞƿƫƺƹƾ ƺƤ ƿƩƣ
ƸƣƸƣᄭᄙ ƾ  ƸƣƹƿƫƺƹƣƢ ƣƞƽƶƫƣƽᄕ ưǀƾƿ Ʃƺǂ ƻƣƽǁƞƾƫǁƣ ƿƩƣƾƣ ƴƫƹƢƾ ƺƤ ƽƣƿǂƣƣƿƫƹƨ
ƻƽƞơƿƫơƣƾ ƞƽƣ ƺƹ ǂƫƿƿƣƽ ƫƾ ƾƣƣƹ ƫƹ ƿƩƣ Ƹƺƾƿ ơƺƸƸƺƹ ᇵᅟƨƽƞƸ Ƥƺƽ ᄕ
   ǂƩƣƽƣ ǀƾƣƽƾ ƞƽƣ ƿDŽƻƫơƞƶƶDŽ ƿƩƞƹƴƫƹƨ ƺƿƩƣƽƾ Ƥƺƽ ƽƣƿǂƣƣƿƫƹƨ
ƿƩƣƫƽ ƻƺƾƿᄙ
ƺƹơƶǀƾƫƺƹᄘ ƽƺƻƺƾƫƹƨ ƺƹƢƾ ǂƫƿƩ ƣƞƽơƩƞƟƶƣ ƞƶƴ
Ʃƫƾ ơƩƞƻƿƣƽ Ʃƞƾ ƣǃƻƶƺƽƣƢ ƿƩƣ ơƶƺƾƣ ƞƾƾƺơƫƞƿƫƺƹ Ɵƣƿǂƣƣƹ ơƺƹƿƫƹƨƣƹơDŽ ƞƹƢ ƫƹƿƣƽᅟ
ƻƣƽƾƺƹƞƶ ƟƺƹƢƾᄙ ƫơƽƺƟƶƺƨƨƣƽƾ ƞƻƻƣƞƽ ƿƺ ƾƣƞƽơƩ Ƥƺƽ ƻƣƽƾƺƹƞƣ ƿƩƞƿ ƩƺƶƢ ƾƫƸƫƶƞƽ
ǁƞƶǀƣƾ ƿƺ ƿƩƣƫƽ ƺǂƹᄙ Ʃƣ ƾƫƨƹƫƧƬơƞƹơƣ ƺƤ ƿƩƫƾ ƾƺơƫƞƶ ƾƣƞƽơƩ ƫƾ ƢƣƸƺƹƾƿƽƞƿƣƢ ƫƹ
ƻƽƞơƿƫơƣƾ ƾǀơƩ ƞƾ ƩƞƾƩƿƞƨƨƫƹƨ ƞƹƢ ƽƣƿǂƣƣƿƫƹƨᄕ ǂƩƫơƩ ǂƣ ơƞƹ ƿƩƫƹƴ ƺƤ ƞƾ ƿƩƣ
ᇳᇴ ƫƺƫƿᇴ ƫƾ ƿƩƣ ǀƾƣƽ ǂƩƺ ƶƫƴƣƶDŽ ƫƹƾƿƫƨƞƿƣƢ ƿƩƫƾ ƸƣƸƣ ƞƹƢ ǂƩƺ Ʃƞƾ ƻƽƺƻƺƾƣƢ ƿƩƣ ƟƺƹƢ ƫƹ ƿƩƣ
ƺƽƫƨƫƹƞƶ ƿǂƣƣƿ ƞƶƺƹƨƾƫƢƣ ƿƩƣ ơƞƶƶ ƿƺ ƽƣƿǂƣƣƿ ƿƩƣ ƿǂƣƣƿᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇳᇳ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
Ɵƣƨƫƹƹƫƹƨ ƺƤ ǂƩƞƿ  ƿƣƽƸ ƺƢƞƹƠƨƞƟƳƢ ƻƞƳƲᄙ ƣƞƽơƩƞƟƶƣ ƿƞƶƴ ƫƾ ƺƹƶƫƹƣ ơƺƹǁƣƽƾƞᅟ
ƿƫƺƹ ǂƩƣƽƣ ƻƣƺƻƶƣ ƽƣƹƢƣƽ ƿƩƣƫƽ ƿƞƶƴ Ƹƺƽƣ ƧƬƹƢƞƟƶƣ ƞƹƢ Ʃƣƹơƣ Ƹƺƽƣ ƟƺƹƢƞƟƶƣᄙ
ƹ ƺƿƩƣƽ ǂƺƽƢƾᄕ ƫƿ ƫƾ Ƣƫƾơƺǀƽƾƣ ǂƩƣƽƣ ǀƾƣƽƾ ƞƽƣ ƻƽƺƻƺƾƫƹƨ ƟƺƹƢƾ ƿƺ ƞƹ ƞƸƟƫƣƹƿ
ƞǀƢƫƣƹơƣ ƫƹ ƺƽƢƣƽ ƿƺ ơƽƣƞƿƣ ƞƶƫƨƹƸƣƹƿƾ ƫƹ ƾǀơƩ ƞ ǂƞDŽ ƿƩƞƿ ƿƩƣDŽ ƸƞDŽ Ɵƣ ƞǀƿƺᅟ
ƸƞƿƫơƞƶƶDŽ ƤƺǀƹƢ ᄬǁƫƞ Ƹƣƞƹƾ ƾǀơƩ ƞƾ ƩƞƾƩƿƞƨƾ ƞƹƢ ƢƫƽƣơƿƣƢ ƽƣƿǂƣƣƿƾᄭᄙ ƹ ƺƽƢƣƽ ƿƺ
ƻƽƺƻƺƾƣ ƞ ƟƺƹƢ ǂƣ Ƹǀƾƿ ơƺƹƾƿƽǀƣ ƞƹ ƺƽƫƣƹƿƞƿƫƺƹ ƿƺ ƿƩƣ ơƺǀƻƶƫƹƨ ƻƽƣƾƣƹƿƣƢᄕ ƞƹƢ
ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾ ƞƽƣ ƺƹƣ ƽƣƾƺǀƽơƣ ƺƤ ƸƞƹDŽ ƞƿ ƿƩƣ ƸƫơƽƺƟƶƺƨƨƣƽᅷƾ Ƣƫƾƻƺƾƞƶᄙ
ƣ ƸƫƨƩƿ ƿƩƫƹƴ ƺƤ ƸƫơƽƺƟƶƺƨƨƫƹƨ ƾƣƽǁƫơƣƾ ƞƾ ƫƹƿƣƽƻƣƽƾƺƹƞƶ ƾƣƞƽơƩ ƣƹƨƫƹƣƾᄘ ᅵƩƣ 
ơƶ Ʃƻ ᇊᅷ ƿƩƣƹ ƾƺ ƸƫƨƩƿ DŽƺǀᄕ ƞƹƢ ǂƣ ơƞƹ ƧƬƹƢ ƣƞơƩ ƺƿƩƣƽ ƺƹ ǂƫƿƿƣƽᄙ
Ʃƫƾ ƿDŽƻƣ ƺƤ ơƺƹƿƫƹƨƣƹơDŽ ƽƣƶƞƿƫƺƹƾ ơƞƹ Ɵƣ ơƶƞƾƾƫƧƬƣƢ ǀƹƢƣƽ ƿƩƣ ƨƣƹƣƽƞƶ ơƶƞƾƾ ƺƤ
ơƺƩƣƽƣƹơƣ ƽƣƶƞƿƫƺƹƾᄕ ǂƩƫơƩ ƺƿƩƣƽ ơƩƞƻƿƣƽƾ ƫƹ ƿƩƫƾ ǁƺƶǀƸƣ ᄬƿǀƴƴƣƽ ƞƹƢ ƞƹƢƣƽƾᄕ
ƫƹ ƞƢƢƫƿƫƺƹ ƿƺ ƿƩƣ ƫƹƿƽƺƢǀơƿƫƺƹ ƟDŽ ƞƟƺƞƢƞ ƞƹƢ ƽƹƞǁƞơᄭ Ʃƞǁƣ ƾƩƺǂƹ Ʃƞǁƣ ƞƹ
ƫƸƻƞơƿ ƺƹ ƿƩƣ ƫƹƿƣƽƻƽƣƿƞƿƫƺƹ ƺƤ ƣǁƞƶǀƞƿƫƺƹᄙ
ƣƤƣƽƣƹơƣƾ
ƞƴƩƿƫƹᄕ ᄙᄙ ᇳᇻᇺᇸᄙ ƷƢƢƠƨ ƧƢƵƹƢƺ ƞƵơ ƶƻƨƢƹ ƳƞƻƢ Ƣƺƺƞǀƺᄕ ƹƫǁƣƽƾƫƿDŽ ƺƤ ƣǃƞƾ ƽƣƾƾᄙ
ƺƶƶƣƹᄕ ᄙᄕ ƞƺᄕ ᄙ ѵ ƫƞƺᅟǀƹᄕ ᄙ ƫƹ ƻƽƣƾƾᄙ ǂƫƿƿƣƽ ƸƺƺƢ ƻƽƣƢƫơƿƾ ƿƩƣ ƾƿƺơƴ Ƹƞƽƴƣƿᄙ
ƶƼƹƵƞƳ ƶƣ ƶƴƷƼƻƞƻƩƶƵƞƳ ƠƩƢƵƠƢ
ƺDŽƢᄕ ᄙ ᇴᇲᇳᇲᄙ ƺơƫƞƶ ƣƿǂƺƽƴ ƫƿƣƾ ƞƾ ƣƿǂƺƽƴƣƢ ǀƟƶƫơƾᄘ ƦƤƺƽƢƞƹơƣƾᄕ DŽƹƞƸƫơƾᄕ ƞƹƢ
Ƹƻƶƫơƞƿƫƺƹƾᄙ Ƶᄘ ƞƻƞơƩƞƽƫƾƾƫᄕ ᄙ ᄬƣƢᄙᄭ  ƢƻƾƶƹƲƢơ ƢƳƣხ ơƢƵƻƩƻǀძ ƶƴƴƼƵƩƻǀძ ƞƵơ
ƼƳƻƼƹƢ ƶƵ ƶƠƩƞƳ ƢƻƾƶƹƲ ƩƻƢƺᄙ ƣǂ ƺƽƴᄘ ƺǀƿƶƣƢƨƣᄙ
ƺDŽƢᄕ ᄙᄕ ƺƶƢƣƽᄕ ᄙ ѵ ƺƿƞƹᄕ ᄙ ᇴᇲᇳᇲᄙ ƾƢƢƻძ ƾƢƢƻძ ƢƻƾƢƢƻხ ƶƵƽƢƹƺƞƻƩƶƵƞƳ ƺƷƢƠƻƺ ƶƣ
ƢƻƾƢƢƻƩƵƧ ƶƵ ƾƩƻƻƢƹ ᄴƹƶƫƹƣᄵᄙ ƞǀƞƫᄕ ᄘ ƺƸƻǀƿƣƽ ƺơƫƣƿDŽ ƽƣƾƾᄙ ǁƞƫƶƞƟƶƣᄘ Ʃƿƿƻᄘᄧ
ǂǂǂᄙƢƞƹƞƩᄙƺƽƨᄧƻƞƻƣƽƾᄧǂƣƣƿǂƣƣƿƣƿǂƣƣƿᄙƻƢƤ ᄴơơƣƾƾƣƢ ᇴᇶ ƞƽơƩ ᇴᇲᇳᇳᄵᄙ
ƨƨƫƹƾᄕ ᄙ ѵ ƶƞƢƣᄕ ᄙ ᇳᇻᇻᇹᄙ ƵƞƳǀƺƩƵƧ ƠƞƺƼƞƳ ƠƶƵƽƢƹƺƞƻƩƶƵᄕ ƺƹƢƺƹᄖ ƣǂ ƺƽƴᄕ ƞƾƾƣƶƶᄙ
ƫƽƿƩᄕ ᄙ ᇳᇻᇷᇹᄙ ƞƷƢƹƺ ƩƵ ƩƵƧƼƩƺƻƩƠƺ ᇉᇑᇋᇌᅂᇉᇑᇍᇉᄕ ƺƹƢƺƹᄕ ǃƤƺƽƢ ƹƫǁƣƽƾƫƿDŽ ƽƣƾƾᄙ
ƽǀDžƢᄕ ᄙᄕ ƺƫƽƺƹᄕ ᄙ ѵ ƞƫᄕ ᄙ ƾ ƞƻƻƫƹƣƾƾ ƺƹƿƞƨƫƺǀƾ ƹƶƫƹƣᄞ  ƞƾƣ ƺƤ ǂƫƿƿƣƽ ƞƹƢ
ƿƩƣ ᇴᇲᇳᇲ ƫƹƿƣƽ ƶDŽƸƻƫơƾᄙ ƽƺơƣƣƢƫƹƨƾ ƺƤ ƿƩƣ ᇶᇶƿƩ ƞǂƞƫƫ ƹƿƣƽƹƞƿƫƺƹƞƶ ƺƹƤƣƽƣƹơƣ
ƺƹ DŽƾƿƣƸ ơƫƣƹơƣƾ ᄬᄭᄕ ᇴᇲᇳᇳ ƞǀƞƫᄕ ᄕ ᄙ
ƞƶƶƫƢƞDŽᄕ ᄙᄙᄙ ᇳᇻᇹᇺᄙ ƞƵƧƼƞƧƢ ƞƺ ƺƶƠƩƞƳ ƺƢƴƩƶƻƩƠხ ƻƨƢ ƺƶƠƩƞƳ ƩƵƻƢƹƷƹƢƻƞƻƩƶƵ ƶƣ ƳƞƵƧƼƞƧƢ
ƞƵơ ƴƢƞƵƩƵƧᄕ ƺƹƢƺƹᄕ ƢǂƞƽƢ ƽƹƺƶƢᄙ
ƞƶƶƫƢƞDŽᄕ ᄙᄙᄙ ѵ ƞƿƿƩƫƣƾƾƣƹᄕ ᄙᄙᄙᄙ ᇴᇲᇲᇶᄙ Ƶ ƩƵƻƹƶơƼƠƻƩƶƵ ƻƶ ƣƼƵƠƻƩƶƵƞƳ Ƨƹƞƴƴƞƹ
ƺƹƢƺƹᄕ ƽƹƺƶƢᄙ
ƺƺƢᄕ ᄙ ᇴᇲᇳᇲᄙ ƷƷƹƞƩƺƩƵƧ ƢƺƢƞƹƠƨხ ƽƞƳƼƞƻƩƶƵ ƩƵ ƠƞơƢƴƩƠ ƹƩƻƩƵƧᄕ ƺƹƢƺƹᄕ ƞƶƨƽƞǁƣ
ƞơƸƫƶƶƞƹᄙ
ǀƞƹƨᄕ ᄙᄕ Ʃƺƽƹƿƺƹᄕ ᄙᄙ ѵ ƤƿƩƫƸƫƞƢƫƾᄕ ᄙᄙ ᇴᇲᇳᇲᄙ ƺƹǁƣƽƾƞƿƫƺƹƞƶ ƿƞƨƨƫƹƨ ƫƹ ƿǂƫƿᅟ
ƿƣƽᄙ ƹƶƠƢƢơƩƵƧƺ ƶƣ ƻƨƢ ᇊᇉƺƻ  ƠƶƵƣƢƹƢƵƠƢ ƶƵ ǀƷƢƹƻƢƿƻ ƞƵơ ƨǀƷƢƹƴƢơƩƞᄙ ƺƽƺƹƿƺ
ƹƿƞƽƫƺᄕ ƞƹƞƢƞᄘ ᄙ
ᇴᇳᇴ ؠؖ؛ؘ؟ؘ حؔأأؔةؚءؔ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƹƫƨƩƿᄕ ᄙ ᇴᇲᇲᇺᄙ ᅸƿƫƶƶ ơƺƺƶ ᄚ ƞƹƢ ƞƸƣƽƫơƞƹ ƿƺƺᄛᅺᄘ ƞƹ  ƞƹƞƶDŽƾƫƾ ƺƤ ƢƣƤƣƽƽƣƢ ƟƺƹƢƾ ƫƹ
ƫƹƿƣƽƹƣƿ Ƹƣƾƾƞƨƫƹƨ ƩǀƸƺǀƽᄕᄙ ƻǀƹơƿǀƞƿƫƺƹ ơƺƽƽƣơƿᄞ
Ƶᄘ ʸƽƨƞƞƽƢᄕ ᄙ ᄬƣƢᄙᄭ ǀƺƻƢƴƩƠ ƼƵƠƻƩƶƵƞƳ ƩƵƧƼƩƺƻƩƠƺ ƩƵ
ƺƢძ ơƢƵƺƢ ƶƹƲƩƵƧ ƞƷƢƹƺ ƩƵ ƞƵƧƼƞƧƢ ƞƵơ ƶƴƴƼƵƩƠƞƻƩƶƵ
ƹƫƨƩƿᄕ ᄙ ᇴᇲᇳᇲᄙ ƽƫƹƴƶƫƹƨ ơƺƸƻƶƣǃƫƿDŽᄘ ƺƹơƣƻƿƾ ƺƤ ƫƢƣƹƿƫƿDŽ ƞƹƢ ƞƦƧƬƶƫƞƿƫƺƹ ƫƹ ƩǀƸƺǀƽ
Ƶᄘ ƣƢƹƞƽƣƴᄕ ᄙ ѵ ƞƽƿƫƹᄕ ᄙᄙ ᄬƣƢƾᄙᄭ Ƣƾ ƩƺƠƶƼƹƺƢ ƶƵ ƞƵƧƼƞƧƢხ ƼƵƠƻƩƶƵƞƳ Ƣƹᄵ
ƺƷƢƠƻƩƽƢƺ ƶƵ ƼƳƻƩƴƶơƞƳƩƻǀძ ơƢƵƻƩƻǀძ ƞƵơ ƥƦƪƳƩƞƻƩƶƵᄙ ƺƹƢƺƹᄖ ƣǂ ƺƽƴᄘ ƺƹƿƫƹǀǀƸᄙ
ƞƽƿƫƹᄕ ᄙᄙ ᇳᇻᇻᇴᄙ ƵƧƳƩƺƨ ƻƢƿƻხ ƺǀƺƻƢƴ ƞƵơ ƺƻƹƼƠƻƼƹƢᄕ ƩƫƶƞƢƣƶƻƩƫƞᄕ ƺƩƹ ƣƹưƞƸƫƹƾ ǀƟᄙ
ƺᄙ
ƞƽƿƫƹᄕ ᄙᄙ ᇴᇲᇲᇲᄙ ƣDŽƺƹƢ ǃơƩƞƹƨƣᄘ  DŽƾƿƣƸƾ ƫƹ ƹƨƶƫƾƩᄙ Ƶᄘ ǀƹƾƿƺƹᄕ ᄙ
ѵ ƩƺƸƻƾƺƹᄕ ᄙ ᄬƣƢƾᄙᄭ ƽƞƳƼƞƻƩƶƵ ƩƵ ƻƢƿƻხ ƞƼƻƨƶƹƩƞƳ ƺƻƞƵƠƢ ƞƵơ ƻƨƢ ƠƶƵƺƻƹƼƠƻƩƶƵ ƶƣ
ơƩƺƠƶƼƹƺƢᄙ ǃƤƺƽƢ ƹƫǁƣƽƾƫƿDŽ ƽƣƾƾᄙ
ƞƽƿƫƹᄕ ᄙᄙ ᇴᇲᇲᇶᄙ ƺǀƽƹƫƹƨᄘ ƺǂ ƣ ƣƿ ƶƫƨƹƣƢᄙ ƩƺƠƶƼƹƺƢ х ƶƠƩƢƻǀᄕ ᇳᇷᄕ ᇵᇴᇳᅬᇵᇶᇶᄙ
ƞƽƿƫƹᄕ ᄙᄙ ᇴᇲᇳᇲᄙ ƹƿƽƺƢǀơƿƫƺƹᄘ ƣƸƞƹƿƫơ ƞƽƫƞƿƫƺƹᄙ Ƶᄘ ƣƢƹƞƽƣƴᄕ ᄙ ѵ ƞƽƿƫƹᄕ ᄙᄙ ᄬƣƢƾᄙᄭ
Ƣƾ ƩƺƠƶƼƹƺƢ ƶƵ ƞƵƧƼƞƧƢხ ƼƵƠƻƩƶƵƞƳ ƢƹƺƷƢƠƻƩƽƢƺ ƶƵ ƼƳƻƩƴƶơƞƳƩƻǀძ ơƢƵƻƩƻǀძ ƞƵơ
ƥƦƪƳƩƞƻƩƶƵᄙ ƺƹƢƺƹᄖ ƣǂ ƺƽƴᄘ ƺƹƿƫƹǀǀƸᄙ
ƞƽƿƫƹᄕ ᄙᄙ ѵ Ʃƫƿƣᄕ ᄙᄙᄙ ᇴᇲᇲᇷᄙ ƨƢ ƳƞƵƧƼƞƧƢ ƶƣ ƢƽƞƳƼƞƻƩƶƵხ ƞƷƷƹƞƩƺƞƳ ƩƵ ƵƧƳƩƺƨᄕ ƣǂ
ƺƽƴᄕ ƞƶƨƽƞǁƣ ƞơƸƫƶƶƞƹᄙ
ƞƽǂƫơƴᄕ ᄙ ѵ ƺDŽƢᄕ ᄙ ᇴᇲᇳᇳᄙ ƺ ƣƣ ƞƹƢ ƣ ƣƣƹᄘ ƣƶƣƟƽƫƿDŽ ƽƞơƿƫơƣ ƺƹ ǂƫƿƿƣƽƶƵƽƢƹᄵ
ƧƢƵƠƢ
ơơƽƞơƴƣƹᄕ ᄙ ᇴᇲᇲᇻᄙ ƨƞƻ  Ƶƶƾ ƟƶƼƻ ƾƩƻƻƢƹ ᄴƹƶƫƹƣᄵᄙ ǁƞƫƶƞƟƶƣᄘ
ƩƿƿƻᄘᄧᄧƿƣơƩƹƺƶƺƨƫDžƣƽᄙơƺƸᄧᇴᇲᇲᇻᄧᇲᇵᄧᇳᇷᄧǂƩƞƿᅟƫᅟƴƹƺǂᅟƞƟƺǀƿᅟƿǂƫƿƿƣƽᄧᄙ ᄴơơƣƾƾƣƢ ᇴᇺ ƣᅟ
ƟƽǀƞƽDŽ ᇴᇲᇳᇳᄵᄙ
ƞƨƞƽƞưƞƹᄕ ᄙᄕ ǀƽƺƩƫƿᄕ ᄙ ѵ ƩƣƿƩᄕ ᄙ  ǀƞƶƫƿƞƿƫǁƣ ǃƞƸƫƹƞƿƫƺƹ ƺƤ ƺƻƫơƞƶ ǂƣƣƿ ƞƹƢ
ƣƿǂƣƣƿ ƽƞơƿƫơƣƾᄙ ƺǀƽƿƩ ƹƿƣƽƹƞƿƫƺƹƞƶ  ƺƹƤƣƽƣƹơƣ ƺƹ ƣƟƶƺƨƾ ƞƹƢ ƺơƫƞƶ
ƣƢƫƞᄕ ᇴᇲᇳᇲ ƞƾƩƫƹƨƿƺƹᄕ ᄙᄙᄘ Ʃƣ  ƽƣƾƾᄕ ᇴᇻᇷᅬᇴᇻᇺᄙ
ǀƶƞƾǁƫƽƿƞᄕ ᄙᄕ ƣƩƿƺƹƣƹᄕ ᄙᄕ ǀƽǁƫƹƣƹᄕ ᄙ ѵ ƞƣƹƿƺᄕᄙ ᇴᇲᇳᇲᄙ ƞƴƫƹƨ ƿƩƣ ƺƽƢƫƹƞƽDŽ ǁƫƾƫƟƶƣ
ƫƹ ƸƫơƽƺƟƶƺƨƾᄙ ƢƹƺƶƵƞƳ ƟƩƸƼƩƻƶƼƺ ƶƴƷƼƻᄙᄕ ᇳᇶᄕ ᇴᇵᇹᅬᇴᇶᇻᄙ
ƞƨƣᄕ ᄙ ᇴᇲᇳᇳᄙ ƻƶƹƩƢƺ ƞƵơ ƶƠƩƞƳ ƢơƩƞხ ơƢƵƻƩƻƩƢƺ ƞƵơ ƵƻƢƹƞƠƻƩƶƵᄕ ᄕ ƺǀƿƶƣƢƨƣᄙ
Ʃƣƶǂƞƶƶᄕ ᄙᄕ ǀơƴƶƣDŽᄕ ᄙ ѵ ƞƶƿƺƨƶƺǀᄕ ᄙ ᇴᇲᇳᇳᄙ ƣƹƿƫƸƣƹƿ ƫƹ ǂƫƿƿƣƽ ƣǁƣƹƿƾᄙ ƶƼƹƵƞƳ ƶƣ ƻƨƢ
ƴƢƹƩƠƞƵ ƶƠƩƢƻǀ ƣƶƹ ƵƣƶƹƴƞƻƩƶƵ ƠƩƢƵƠƢ ƞƵơ ƢƠƨƵƶƳƶƧǀᄕ ᇸᇴᄕ ᇶᇲᇸᅬᇶᇳᇺᄙ
ƽƹƞǁƞơᄕ ᄙ ѵ ƞƟƺƞƢƞᄕ ᄙ ᇴᇲᇳᇲᄙ Ʃƣ ơƺƹƿƽƫƟǀƿƫƺƹ ƺƤ ᄬƹƺƹᄭǁƣƽƫƢƫơƞƶ ƽƩƣƿƺƽƫơƞƶ ƽƣƶƞᅟ
ƿƫƺƹƾ ƿƺ ƣǁƞƶǀƞƿƫƺƹ ƫƹ Ƣƫƾơƺǀƽƾƣᄙ ᇋᇏƻƨ ƵƻƢƹƵƞƻƩƶƵƞƳ ǀƺƻƢƴƩƠ ƼƵƠƻƩƶƵƞƳ ƩƵƧƼƩƺƻƩƠƺ
ƶƵƧƹƢƺƺᄙ ƞƹơƺǀǁƣƽᄙ
Ʃƫƿƣƶƞǂᄕ ᄙᄕ ƞƽƨᄕ ᄙ ѵ ƽƨƞƸƺƹᄕ ᄙ ᇴᇲᇲᇷᄙ ƾƫƹƨ ƞƻƻƽƞƫƾƞƶ ƨƽƺǀƻƾ Ƥƺƽ ƾƣƹƿƫƸƣƹƿ
ƞƹƞƶDŽƾƫƾᄙ ƹƶƠƢƢơƩƵƧƺ ƶƣ ƻƨƢ ᇉᇌƻƨ  ƩƵƻƢƹƵƞƻƩƶƵƞƳ ƠƶƵƣƢƹƢƵƠƢ ƶƵ ƵƣƶƹƴƞƻƩƶƵ ƞƵơ
ƲƵƶƾƳƢơƧƢ ƴƞƵƞƧƢƴƢƵƻᄙ ƽƣƸƣƹᄕ ƣƽƸƞƹDŽᄘ ᄙ
ƞƻƻƞǁƫƨƹƞᄕ ᄙ ᇴᇲᇳᇳᄙ ƸƟƫƣƹƿ ƞƦƧƬƶƫƞƿƫƺƹᄘ  ƶƫƹƨǀƫƾƿƫơ ƻƣƽƾƻƣơƿƫǁƣ ƺƹ ǂƫƿƿƣƽᄙ Ƣƾ ƢơƩƞ
х ƶƠƩƢƻǀᄕ ᇳᇵᄕ ᇹᇺᇺᅬᇺᇲᇸᄙ
ƞƻƻƞǁƫƨƹƞᄕ ᄙ ᇴᇲᇳᇴᄙ ƩƺƠƶƼƹƺƢ ƶƣ ƾƩƻƻƢƹ ƞƵơ ƶƠƩƞƳ ƢơƩƞხ ƶƾ ƾƢ ƼƺƢ ƳƞƵƧƼƞƧƢ ƻƶ
ƠƹƢƞƻƢ ƞƥƦƪƳƩƞƻƩƶƵ ƶƵ ƻƨƢ ƾƢƟᄕ ƺƹƢƺƹᄕ ƺƹƿƫƹǀǀƸᄙ
ᅵؙ جآب ؗآ ا اآآ ا؛ؘء إا ؔءؗ ئؔج ᇱؗآاᇴᅷ ᇴᇳᇵ
 <5BCPBEB5SOBWBD> $IBQUFSQSPPG <EBUF   WFSTJPO > QBHF 
ƞƻƻƞǁƫƨƹƞᄕ ᄙᄕ ǂDŽƣƽᄕ ᄙ ѵ ƞƽƿƫƹᄕ ᄙᄙ ᅸǀƾƿ ƶƫƴƣ ƾƺƽƿ ƺƤ ƨǀƫƶƿDŽ ƴƫƹƢ ƺƤᅺᄘ ƿƩƣ ƽƩƣƿƺƽƫơ
ƺƤ ƿƣƸƻƣƽƣƢ ƞƢƸƫƾƾƫƺƹ ƫƹ ƺǀƿƩ ǀƾƿƫơƣ ƺƹƤƣƽƣƹơƫƹƨᄙ ᇴᇲᇲᇹ ƹƹǀƞƶ ƺƹƨƽƣƾƾ ƺƤ
ƿƩƣ ǀƾƿƽƞƶƫƞƹ DŽƾƿƣƸƫơ ǀƹơƿƫƺƹƞƶ ƫƹƨǀƫƾƿƫơƾ ƾƾƺơƫƞƿƫƺƹᄘ ƽƫƢƨƫƹƨ ƫƾơƺǀƽƾƣƾᄕ
ᇴᇲᇲᇺƞ ƺƶƶƺƹƨƺƹƨᄙ ǁƞƫƶƞƟƶƣ ƤƽƺƸᄘ ƩƿƿƻᄘᄧᄧǂǂǂᄙƞƾƥƷƞᄙƺƽƨᄙƞǀᄧǂƻᄚᄧᇲᇹᄧƿƩƣᅟƽƩƣƿƺƽƫơᅟƺƤ
ᅟƿƣƸƻƣƽƣƢᅟƞƢƸƫƾƾƫƺƹᄙƻƢƤᄙ
ƞƻƻƞǁƫƨƹƞᄕ ᄙᄕ ǂDŽƣƽᄕ ᄙ ѵ ƞƽƿƫƹᄕ ᄙᄙ ᇴᇲᇲᇺƟᄙ DŽƹƢƽƺƸƣƾ ƺƤ Ƹƣƞƹƫƹƨᄘ ƣǃƻƶƺƽƫƹƨ
ƻƞƿƿƣƽƹƣƢ ơƺǀƻƶƫƹƨ ƫƹ ƞ  ƺǀƿƩ ǀƾƿƫơƣᄙ Ƶᄘ ƞƩƟƺƺƟᄕ ᄙ ѵ ƹƫƨƩƿᄕ ᄙ ᄬƣƢƾᄙᄭ
ƼƢƺƻƩƶƵƩƵƧ ƩƵƧƼƩƺƻƩƠƺᄙ ƣǂơƞƾƿƶƣᄘ ƞƸƟƽƫƢƨƣ ơƩƺƶƞƽƾ ǀƟƶƫƾƩƫƹƨᄙ
Ʃƞƺᄕ ᄙ ᇴᇲᇳᇲᄙ ƹƿƣƽƾƣƸƫƺƿƫơ ƽƣƶƞƿƫƺƹƾ ƞƾ ƶƺƨƺƨƣƹƣƿƫơ ƻƞƿƿƣƽƹƾᄘ ƿƺǂƞƽƢƾ ƿƩƣ ƽƣƾƿƺƽƞƿƫƺƹ
ƺƤ ƿƩƣ ƿƫƸƣ ƢƫƸƣƹƾƫƺƹ ƫƹ ƩDŽƻƣƽƿƣǃƿ Ƣƣƾơƽƫƻƿƫƺƹ Ƶᄘ ƣƢƹƞƽƣƴᄕ ᄙᄕ ƞƽƿƫƹᄕ  ᄬƣƢᄙᄭ
Ƣƾ ƩƺƠƶƼƹƺƢ ƶƵ ƞƵƧƼƞƧƢხ ƼƵƠƻƩƶƵƞƳ ƢƹƺƷƢƠƻƩƽƢƺ ƶƵ ƼƳƻƩƴƶơƞƳƩƻǀძ ơƢƵƻƩƻǀძ ƞƵơ
ƥƦƪƳƩƞƻƩƶƵᄙ ƺƹƢƺƹᄘ ƺƹƿƫƹǀǀƸᄙ
Ʃƞƺᄕ ᄙ ᇴᇲᇳᇳᄙ ƢƞƹƵƩƵƧ ƻƨƹƶƼƧƨ ƴƼƳƻƩƴƢơƩƞ ƩƵƻƢƹƞƠƻƩƶƵხ ƨƢ ƠƶƵƺƻƹƼƞƳ ƶƣ ƷƹƩƴƞƹǀ ƺƶƠƩƞƳƺ
ƺƠƩƢƵƠƢ ƲƵƶƾƳƢơƧƢ ƩƵ ƾƢƟᄵƟƞƺƢơ ơƩƧƩƻƞƳ ƳƢƞƹƵƩƵƧ ƴƞƻƢƹƩƞƳƺᄙ Ʃᄕ ƹƫǁƣƽƾƫƿDŽ ƺƤ DŽƢƹƣDŽ
... That is, evaluative language has been increasingly approached from a corpuslinguistic perspective (e.g. Hunston & Sinclair 2000;Coffin & O'Halloran 2006;Bednarek 2006Bednarek , 2008aBednarek , 2009aBednarek , 2014Römer 2008;Hunston 2003aHunston , 2004aHunston , 2007bHunston , 2011Taboada & Carretero 2012;Almutairi 2013;Zappavigna 2014;Millar & Hunston in press; Hommerberg & Don in press). In general, studies in this tradition have shown that corpus linguistic methods could be useful and effective in the investigation of evaluative language. ...
Thesis
This thesis, drawing on insights from Appraisal Theory, Pattern Grammar and Corpus Linguistics, explores the association between grammar patterns and attitudinal meanings. Particular attention is paid to adjective complementation patterns and Judgement, i.e. the ethical evaluation of human behaviour and character. Using a corpus compiled of biographical discourse, this study addresses four research questions: 1) whether the current JUDGEMENT system is sufficiently comprehensive and systematic to deal with the Judgement resources identified in this corpus, 2) what insights a detailed scrutiny of adjective-in-pattern exemplars can offer into the description and characterisation of attitudinal resources, 3) how local grammars of evaluation can be developed with the help of grammar patterns, and 4) what local grammars of evaluation may be useful for. It is suggested that the original JUDGEMENT system should be refined so as to enable it to deal effectively with the Judgement resources found. Drawing on evidence from both personality psychology and corpus analysis, Emotivity is proposed as a new sub-type of Judgement to account for those resources which construe attitudes towards emotional types of personality traits. The examination of adjective-in-pattern exemplars in terms of Attitude shows that grammar patterns are of limited use in distinguishing types of attitudinal meanings but that grammar patterns are a very useful heuristic to investigate attitudinal resources. Further, it is demonstrated that grammar patterns are a good starting point for the construction of local grammars of evaluation, which is exemplified by the local grammar of Judgement developed in the current study. Lastly, it is argued that local grammars of evaluation, in theory, provide an alternative way to model attitudinal meanings, and in practice, offer some insights into the automation of appraisal analysis. Other related issues (e.g. local grammar analyses of some special cases, replicability of the methodology) are also discussed.
Article
Full-text available
The drive to make our discourse readily findable by others has become a prominent social process, realised by a range of online communicative practices associated with social media. A key semiotic resource integral to microblogging is the hashtag, a form of social tagging that allows microbloggers to embed metadata in posts. This 'conversational tagging' (Huang, Hornton, & Efthimiadis, 2010) supports forms of ambient communion that arise out of the ability to find what other people are talking about in quasi-'real-time'. While popularly thought of as topic-markers, hashtags are able to construe a range of complex meanings in social media texts. This paper uses Halliday's (1978) concept of linguistic metafunctions to explore how hashtags enact three simultaneous communicative functions: marking experiential topics, enacting interpersonal relationships, and organizing text. Corpus-based discourse analysis of patterns in a specialized corpus of tweets about Schapelle Corby at the time she was released on parole from an Indonesian prison, is used to explore these linguistic functions and how they enact social processes of 'ambient affiliation' (Zappavigna, 2011, 2012).
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