Uber Driver Agreement

7/21/2019 Uber Driver Agreement

http://slidepdf.com/reader/full/uber-driver-agreement 1/21

"#$%&"' (() * "#$%&"+)#' (() * "#$%&"+,#' (() * "#$%&"+-)' (() * "#$%&"+./' (() * 0%1/&"+1.

!"#$%&'&() +",-.#"+ /(,""0"%!

(234 5672489 -8:8;<8= >>' ?@>A

/BC3 /8:BDEFEGH $8=IC:83 #G=88;8D4 JK !"#$$%$&' LM :ED34C45483 2 F8G2F 2G=88;8D4 <84N88D HE5' 2DCD7CIC752F JK()*LM 2D7 "23C8=+)#' (() CO HE5= /8==C4E=H J23 78OCD87 <8FENM C3 NC4BCD 4B8 $4248 EO )2FCOE=DC2'

"23C8=+,#' (() CO HE5= /8==C4E=H C3 NC4BCD 4B8 $4248 EO ,8DD3HFI2DC2' "23C8=+-)' (() CO HE5= /8==C4E=H C3

NC4BCD 4B8 $4248 EO PFE=C72' "23C8=+./' (() CO HE5= /8==C4E=H C3 NC4BCD 4B8 $4248 EO .ED42D2' 0CD48=+1. CO

HE5= /8==C4E=H C3 NC4BCD 4B8 $4248 EO 18N .8QC:E' E= "23C8=' (() CO HE5= /8==C4E=H C3 2DHNB8=8 8F38 NC4BCD

4B8 RDC487 $42483 J23 266FC:2<F8' K+)%,-&( LMS

)E;62DH' 2 35<3C7C2=H EO R<8= /8:BDEFEGC83' %D:S JK./$# LM' 6=EIC783 F827 G8D8=24CED 4E CD7868D78D4

6=EIC78=3 EO =C783B2=8 E= 688=+4E+688= J:EFF8:4CI8FH' K010LM 62338DG8= 4=2D36E=424CED 38=IC:83 53CDG 4B8

R<8= $8=IC:83 J23 78OCD87 <8FENMS /B8 R<8= $8=IC:83 8D2<F8 2D 254BE=CT87 4=2D36E=424CED 6=EIC78= 4E

388U' =8:8CI8 2D7 O5FOCFF =8V58343 OE= 4=2D36E=424CED 38=IC:83 O=E; 2D 254BE=CT87 538= EO R<8=W3 ;E<CF8

266FC:24CED3S XE5 783C=8 4E 8D48= CD4E 4BC3 #G=88;8D4 OE= 4B8 65=6E38 EO 2::833CDG 2D7 53CDG 4B8 R<8=

$8=IC:83S

)12 34561789:;9 36: 3;<99 =>3= #1?@36A BC 3 =94>6181;A C9<DB49C @<1DB:9< =>3= :19C 61= @<1DB:9

=<36C@1<=3=B16 C9<DB49CE

%D E=78= 4E 538 4B8 R<8= $8=IC:83' HE5 ;534 2G=88 4E 4B8 48=;3 2D7 :ED7C4CED3 4B24 2=8 384 OE=4B <8FENS

R6ED HE5= 8Q8:54CED J8F8:4=EDC: E= E4B8=NC38M EO 4BC3 #G=88;8D4' HE5 2D7 )E;62DH 3B2FF <8 <E5D7 <H

4B8 48=;3 2D7 :ED7C4CED3 384 OE=4B B8=8CDS

.0F&,!/%!G F'"/+" %&!" !$/! !& H+" !$" HI", +",-.#"+J )&H 0H+! /(,""

!& !$" !",0+ /%K #&%K.!.&%+ +"! L&,!$ I"'&ME F'"/+" ,"-."M !$"

/,I.!,/!.&% F,&-.+.&% +"! L&,!$ I"'&M #/,"LH'')J /+ .! M.'' ,"NH.,")&H !& ,"+&'-" K.+FH!"+ M.!$ !$" #&0F/%) &% /% .%K.-.KH/' I/+.+J

"O#"F! /+ F,&-.K"K .% +"#!.&% PQERJ !$,&H($ L.%/' /%K I.%K.%(

/,I.!,/!.&% H%'"++ )&H #$&&+" !& &F! &H! &L !$" /,I.!,/!.&%

F,&-.+.&%E I) -.,!H" &L )&H, "'"#!,&%.# "O"#H!.&% &L !$.+ /(,""0"%!J

)&H M.'' I" /#S%&M'"K(.%( !$/! )&H $/-" ,"/K /%K H%K",+!&&K /''

&L !$" !",0+ &L !$.+ /(,""0"%! T.%#'HK.%( !$" /,I.!,/!.&% F,&-.+.&%U

/%K $/-" !/S"% !.0" !& #&%+.K", !$" #&%+"NH"%#"+ &L !$.+ .0F&,!/%!

IH+.%"++ K"#.+.&%E .L )&H K& %&! M.+$ !& I" +HIV"#! !& /,I.!,/!.&%J)&H 0/) &F! &H! &L !$" /,I.!,/!.&% F,&-.+.&% I) L&''&M.%( !$"

.%+!,H#!.&%+ F,&-.K"K .% !$" /,I.!,/!.&% F,&-.+.&% I"'&ME



>S K9WB6B=B16C

>S> K !22343-'$L ;82D3 2D 8D4C4H 4B24' 7C=8:4FH E= CD7C=8:4FH' :ED4=EF3' C3 5D78= 4B8 :ED4=EF EO' E= C3

5D78= :E;;ED :ED4=EF NC4B 2 62=4H' NB8=8 :ED4=EF ;82D3 B2ICDG ;E=8 4B2D OCO4H 68=:8D4 JA@YM

EO 4B8 IE4CDG 34E:U E= E4B8= END8=3BC6 CD48=834 E= 4B8 ;2ZE=C4H EO 4B8 IE4CDG =CGB43 EO 35:B 8D4C4HS

>S? K+3'( !66$&6*%L ;82D3 2D 2778D75; E= 3566F8;8D42F CDOE=;24CED 4E 4BC3 #G=88;8D4 3844CDG

OE=4B 277C4CED2F /8==C4E=H+368:COC: 48=;3' 23 ;278 2I2CF2<F8 2D7 23 5672487 <H )E;62DH O=E;

4C;8 4E 4C;8S

>S[ K+)%,-&( 7-'-L ;82D3 2FF 7242 =8F2487 4E 4B8 2::833 2D7 538 EO 4B8 R<8= $8=IC:83 B8=85D78='

CD:F57CDG 2FF 7242 =8F2487 4E R38=3 JCD:F57CDG R38= %DOE=;24CEDM' 2FF 7242 =8F2487 4E 4B8 6=EIC3CED

EO /=2D36E=424CED $8=IC:83 IC2 4B8 R<8= $8=IC:83 2D7 4B8 -=CI8= #66' 2D7 4B8 -=CI8= %-S

>S\ K+)%,-&( 7$839$L ;82D3 2 ;E<CF8 78IC:8 END87 E= :ED4=EFF87 <H )E;62DH 4B24 C3 6=EIC787 4E

HE5 3EF8FH OE= HE5= 538 EO 4B8 -=CI8= #66 4E 6=EIC78 /=2D36E=424CED $8=IC:83S

>SA K7$839$L ;82D3 2 )E;62DH -8IC:8 E= XE5= -8IC:8' 23 4B8 :238 ;2H <8S

>S] K7#38$# !,,L ;82D3 4B8 ;E<CF8 266FC:24CED 6=EIC787 <H )E;62DH 4B24 8D2<F83 4=2D36E=424CED

6=EIC78=3 4E 2::833 4B8 R<8= $8=IC:83 OE= 4B8 65=6E38 EO 388UCDG' =8:8CICDG 2D7 O5FOCFFCDG ED+

78;2D7 =8V58343 OE= 4=2D36E=424CED 38=IC:83 <H R38=3' 23 ;2H <8 5672487 E= ;E7COC87 O=E; 4C;8

4E 4C;8S

>S^ K7#38$# :7L ;82D3 4B8 C78D4COC:24CED 2D7 6233NE=7 U8H 233CGD87 <H )E;62DH 4E HE5 4B24 8D2<F83

HE5 4E 538 2D7 2::833 4B8 -=CI8= #66S

>S_ K;-#$L B23 4B8 ;82DCDG 384 OE=4B CD $8:4CED \S>S

>S` K<$#839$ ;$$L B23 4B8 ;82DCDG 384 OE=4B CD $8:4CED \S\S

>S>@ K=$##3')#( L ;82D3 4B8 :C4H E= ;84=E 2=823 CD 4B8 RDC487 $42483 CD NBC:B HE5 2=8 8D2<F87 <H 4B8

-=CI8= #66 4E =8:8CI8 =8V58343 OE= /=2D36E=424CED $8=IC:83S>S>> K=)44>L ;82D3 2DH 266FC:2<F8 =E27' <=C7G8' O8==H' 45DD8F 2D7 2C=6E=4 :B2=G83 2D7 O883' CD:F57CDG

CDD8=+:C4H :EDG834CED' 8DIC=ED;8D42F E= 3C;CF2= :B2=G83 23 =823ED2<FH 7848=;CD87 <H 4B8 R<8=

$8=IC:83 <2387 ED 2I2CF2<F8 CDOE=;24CEDS

>S>? K=#-&>,)#'-'3)& <$#839$>L ;82D3 HE5= 6=EIC3CED EO ,?, 62338DG8= 4=2D36E=424CED 38=IC:83 4E

R38=3 IC2 4B8 R<8= $8=IC:83 CD 4B8 /8==C4E=H 53CDG 4B8 a8BC:F8S

>S>[ K./$# <$#839$>L ;82D R<8=W3 ED+78;2D7 F827 G8D8=24CED 2D7 =8F2487 38=IC:83 FC:8D387 <H R<8=

4E )E;62DH 4B24 8D2<F8 4=2D36E=424CED 6=EIC78=3 4E 388U' =8:8CI8 2D7 O5FOCFF ED+78;2D7

=8V58343 OE= 4=2D36E=424CED 38=IC:83 <H R38=3 388UCDG 4=2D36E=424CED 38=IC:83b 35:B R<8= $8=IC:83

CD:F578 2::833 4E 4B8 -=CI8= #66 2D7 R<8=W3 3EO4N2=8' N8<3C483' 62H;8D4 38=IC:83 23 783:=C<87

CD $8:4CED \ <8FEN' 2D7 =8F2487 3566E=4 38=IC:83 3H348;3' 23 ;2H <8 5672487 E= ;E7COC87 O=E;4C;8 4E 4C;8S

>S>\ K.>$# L ;82D3 2D 8D7 538= 254BE=CT87 <H R<8= 4E 538 4B8 R<8= ;E<CF8 266FC:24CED OE= 4B8

65=6E38 EO E<42CDCDG /=2D36E=424CED $8=IC:83 EOO8=87 <H )E;62DHW3 4=2D36E=424CED 6=EIC78=

:534E;8=3S

>S>A K.>$# :&2)#%-'3)&L ;82D3 CDOE=;24CED 2<E54 2 R38= ;278 2I2CF2<F8 4E HE5 CD :EDD8:4CED NC4B

35:B R38=W3 =8V5834 OE= 2D7 538 EO /=2D36E=424CED $8=IC:83' NBC:B ;2H CD:F578 4B8 R38=W3 D2;8'

6C:U+56 FE:24CED' :ED42:4 CDOE=;24CED 2D7 6BE4ES



>S>] K?$@394$L ;82D3 HE5= I8BC:F8 4B249 J2M ;8843 4B8 4B8D+:5==8D4 )E;62DH =8V5C=8;8D43 OE= 2

I8BC:F8 ED 4B8 R<8= $8=IC:83b 2D7 J<M )E;62DH 254BE=CT83 OE= HE5= 538 OE= 4B8 65=6E38 EO

6=EIC7CDG /=2D36E=424CED $8=IC:83S

>S>^ KA)*# 7$839$L ;82D3 2 ;E<CF8 78IC:8 END87 E= :ED4=EFF87 <H HE59 J2M 4B24 ;8843 4B8 4B8D+

:5==8D4 )E;62DH 368:COC:24CED3 OE= ;E<CF8 78IC:83 23 384 OE=4B 24 NNNS5<8=S:E;*<HE7+78IC:83b

2D7 J<M ED NBC:B 4B8 -=CI8= #66 B23 <88D CD342FF87 23 254BE=CT87 <H )E;62DH 3EF8FH OE= 4B865=6E38 EO 6=EIC7CDG /=2D36E=424CED $8=IC:83S

?S HC9 1W =>9 HX9< +9<DB49C

?S> K<BD9< .KCS R<8= NCFF C3358 HE5 2 -=CI8= %- 4E 8D2<F8 HE5 4E 2::833 2D7 538 4B8 -=CI8= #66 ED 2

-8IC:8 CD 2::E=72D:8 NC4B 4BC3 #G=88;8D4S )E;62DH =838=I83 4B8 =CGB4 4E 782:4CI248 HE5= -=CI8=

%- CO HE5 B2I8 DE4 O5FOCFF87 2 =8V5834 OE= /=2D36E=424CED $8=IC:83 53CDG 4B8 -=CI8= #66 24 F8234

ED:8 2 ;ED4BS )12 3;<99 =>3= A12 7B88 ?3B6=3B6 A12< K<BD9< .K B6 416WB:9649 36: 61= C>3<9

A12< K<BD9< .K 7B=> 36A =>B<: @3<=AE )12 7B88 B??9:B3=98A 61=BWA #1?@36A 1W 36A 34=238 1<

C2C@94=9: X<934> 1< B?@<1@9< 2C9 1< :BC481C2<9 1W A12< K<BD9< .K 1< =>9 K<BD9< /@@E

?S? F<1DBCB16 1W !<36C@1<=3=B16 +9<DB49CS cB8D 4B8 -=CI8= #66 C3 2:4CI8' R38= =8V58343 OE=

/=2D36E=424CED $8=IC:83 ;2H 26682= 4E HE5 IC2 4B8 -=CI8= #66 CO HE5 2=8 2I2CF2<F8 2D7 CD 4B8IC:CDC4H EO 4B8 R38=S %O HE5 2::864 2 R38=W3 =8V5834 OE= /=2D36E=424CED $8=IC:83' 4B8 R<8= $8=IC:83

NCFF 6=EIC78 HE5 NC4B :8=42CD R38= %DOE=;24CED IC2 4B8 -=CI8= #66' CD:F57CDG 4B8 R38=W3 OC=34 D2;8

2D7 6C:U56 FE:24CEDS %D E=78= 4E 8DB2D:8 R38= 324C3O2:4CED NC4B 4B8 R<8= ;E<CF8 266FC:24CED 2D7

HE5= /=2D36E=424CED $8=IC:83' C4 C3 =8:E;;8D787 4B24 HE5 N2C4 24 F8234 48D J>@M ;CD5483 OE= 2

R38= 4E 3BEN 56 24 4B8 =8V583487 6C:U+56 FE:24CEDS XE5 NCFF E<42CD 4B8 7834CD24CED O=E; 4B8

R38=' 8C4B8= CD 68=3ED 56ED 6C:U56 E= O=E; 4B8 -=CI8= #66 CO 4B8 R38= 8F8:43 4E 8D48= 35:B

7834CD24CED IC2 R<8=W3 ;E<CF8 266FC:24CEDS XE5 2:UDENF87G8 2D7 2G=88 4B24 ED:8 HE5 B2I8

2::86487 2 R38=W3 =8V5834 OE= /=2D36E=424CED $8=IC:83' R<8=W3 ;E<CF8 266FC:24CED ;2H 6=EIC78

:8=42CD CDOE=;24CED 2<E54 HE5 4E 4B8 R38=' CD:F57CDG HE5= OC=34 D2;8' :ED42:4 CDOE=;24CED' 6BE4E

2D7 FE:24CED' 2D7 HE5= a8BC:F8W3 ;2U8 2D7 FC:8D38 6F248 D5;<8=S XE5 3B2FF DE4 :ED42:4 2DH R38=3

E= 538 2DH R38=W3 68=3ED2F 7242 OE= 2DH =823ED E4B8= 4B2D OE= 4B8 65=6E383 EO O5FOCFFCDG

/=2D36E=424CED $8=IC:83S #3 <84N88D )E;62DH 2D7 HE5' HE5 2:UDENF87G8 2D7 2G=88 4B249 J2M

HE5 3B2FF <8 3EF8FH =836ED3C<F8 OE= 7848=;CDCDG 4B8 ;E34 8OO8:4CI8' 8OOC:C8D4 2D7 32O8 ;2DD8= 4E

68=OE=; 82:B CD342D:8 EO /=2D36E=424CED $8=IC:83b 2D7 J<M 8Q:864 OE= 4B8 R<8= $8=IC:83 E= 2DH

)E;62DH -8IC:83 JCO 266FC:2<F8M' HE5 3B2FF 6=EIC78 2FF D8:8332=H 8V5C6;8D4' 4EEF3 2D7 E4B8=

;248=C2F3' 24 HE5= END 8Q68D38' D8:8332=H 4E 68=OE=; /=2D36E=424CED $8=IC:83S XE5 5D78=342D7

2D7 2G=88 4B24 HE5 B2I8 2 F8G2F E<FCG24CED 5D78= 4B8 #;8=C:2D3 NC4B -C32<CFC4C83 #:4 2D7 3C;CF2=

34248 F2N3 4E 4=2D36E=4 R38=3 NC4B $8=IC:8 #DC;2F3 J23 78OCD87 <H 266FC:2<F8 34248 2D7 O878=2F

F2NM' CD:F57CDG G5C78 7EG3 OE= 4B8 <FCD7 2D7 IC352FFH C;62C=87 R38=3' 2D7 4B8=8 C3 DE 8Q:864CED 4E

4BC3 E<FCG24CED OE= 2FF8=GC83 E= =8FCGCE53 E<Z8:4CED3S XE5= UDENCDG O2CF5=8 4E 4=2D36E=4 2 R38= NC4B

2 $8=IC:8 #DC;2F 3B2FF :ED34C4548 2 ;248=C2F <=82:B EO 4BC3 #G=88;8D4S XE5 2G=88 4B24 2 KUDENCDG

O2CF5=8L 4E :E;6FH NC4B 4BC3 F8G2F E<FCG24CED 3B2FF :ED34C4548 8C4B8=9 J>M 2 78DC2F EO 2 =C78 NB8=8

HE5 34248 4B8 78DC2F N23 758 4E 2 $8=IC:8 #DC;2Fb E= J?M 4B8=8 C3 ;E=8 4B2D ED8 J>M CD342D:8 CDNBC:B 2 R38= E= 4B8 :E;62DCED EO 2 R38= 2FF8G83 4B24 HE5 :2D:8FF87 E= =8O5387 2 =C78 ED 4B8

<23C3 EO 2 $8=IC:8 #DC;2FS

?S[ )12< ,983=B16C>B@ 7B=> HC9<CS XE5 2:UDENF87G8 2D7 2G=88 4B24 HE5= 6=EIC3CED EO /=2D36E=424CED

$8=IC:83 4E R38=3 :=82483 2 7C=8:4 <53CD833 =8F24CED3BC6 <84N88D HE5 2D7 4B8 R38=S )E;62DH C3

DE4 =836ED3C<F8 E= FC2<F8 OE= 4B8 2:4CED3 E= CD2:4CED3 EO 2 R38= CD =8F24CED 4E HE5' HE5= 2:4CIC4C83 E=

HE5= a8BC:F8S XE5 3B2FF B2I8 4B8 3EF8 =836ED3C<CFC4H OE= 2DH E<FCG24CED3 E= FC2<CFC4C83 4E R38=3 E=

4BC=7 62=4C83 4B24 2=C38 O=E; HE5= 6=EIC3CED EO /=2D36E=424CED $8=IC:83S XE5 2:UDENF87G8 2D7



2G=88 4B24 HE5 2=8 3EF8FH =836ED3C<F8 OE= 42UCDG 35:B 6=8:254CED3 23 ;2H <8 =823ED2<F8 2D7

6=E68= JCD:F57CDG ;2CD42CDCDG 278V5248 CD35=2D:8 4B24 ;8843 4B8 =8V5C=8;8D43 EO 2FF 266FC:2<F8

F2N3 CD:F57CDG ;E4E= I8BC:F8 OCD2D:C2F =836ED3C<CFC4H F2N3M =8G2=7CDG 2DH 2:43 E= E;C33CED3 EO 2

R38= E= 4BC=7 62=4HS XE5 2:UDENF87G8 2D7 2G=88 4B24 )E;62DH ;2H =8F8238 HE5= :ED42:4 2D7*E=

CD35=2D:8 CDOE=;24CED 4E 2 R38= 56ED 35:B R38=W3 =823ED2<F8 =8V5834S XE5 2:UDENF87G8 2D7

2G=88 4B24' 5DF833 368:COC:2FFH :ED38D487 4E <H 2 R38=' HE5 ;2H DE4 4=2D36E=4 E= 2FFEN CD3C78 HE5=

a8BC:F8 CD7CIC752F3 E4B8= 4B2D 2 R38= 2D7 2DH CD7CIC752F3 254BE=CT87 <H 35:B R38=' 75=CDG 4B8

68=OE=;2D:8 EO /=2D36E=424CED $8=IC:83 OE= 35:B R38=S XE5 2:UDENF87G8 2D7 2G=88 4B24 2FF R38=3

3BE5F7 <8 4=2D36E=487 7C=8:4FH 4E 4B8C= 368:COC87 7834CD24CED' 23 7C=8:487 <H 4B8 266FC:2<F8 R38='

NC4BE54 5D254BE=CT87 CD48==564CED E= 5D254BE=CT87 34E63S

?S\ )12< ,983=B16C>B@ 7B=> #1?@36AS XE5 2:UDENF87G8 2D7 2G=88 4B24 )E;62DHW3 6=EIC3CED 4E HE5

EO 4B8 -=CI8= #66 2D7 4B8 R<8= $8=IC:83 :=82483 2 7C=8:4 <53CD833 =8F24CED3BC6 <84N88D )E;62DH

2D7 HE5S )E;62DH 7E83 DE4' 2D7 3B2FF DE4 <8 788;87 4E' 7C=8:4 E= :ED4=EF HE5 G8D8=2FFH E= CD

HE5= 68=OE=;2D:8 5D78= 4BC3 #G=88;8D4 368:COC:2FFH' CD:F57CDG CD :EDD8:4CED NC4B HE5= 6=EIC3CED

EO /=2D36E=424CED $8=IC:83' HE5= 2:43 E= E;C33CED3' E= HE5= E68=24CED 2D7 ;2CD48D2D:8 EO HE5=

a8BC:F8S XE5 =842CD 4B8 3EF8 =CGB4 4E 7848=;CD8 NB8D' NB8=8' 2D7 OE= BEN FEDG HE5 NCFF 54CFCT8

4B8 -=CI8= #66 E= 4B8 R<8= $8=IC:83S XE5 =842CD 4B8 E64CED' IC2 4B8 -=CI8= #66' 4E 2448;64 4E

2::864 E= 4E 78:FCD8 E= CGDE=8 2 R38=W3 =8V5834 OE= /=2D36E=424CED $8=IC:83 IC2 4B8 R<8= $8=IC:83'

E= 4E :2D:8F 2D 2::86487 =8V5834 OE= /=2D36E=424CED $8=IC:83 IC2 4B8 -=CI8= #66' 35<Z8:4 4E

)E;62DHW3 4B8D+:5==8D4 :2D:8FF24CED 6EFC:C83S cC4B 4B8 8Q:864CED EO 2DH 3CGD2G8 =8V5C=87 <H

FE:2F F2N E= 68=;C4*FC:8D38 =8V5C=8;8D43' )E;62DH 3B2FF B2I8 DE =CGB4 4E =8V5C=8 HE5 4E9 J2M

7C36F2H )E;62DHW3 E= 2DH EO C43 #OOCFC2483W D2;83' FEGE3 E= :EFE=3 ED HE5= a8BC:F8J3Mb E= J<M N82= 2

5DCOE=; E= 2DH E4B8= :FE4BCDG 7C36F2HCDG )E;62DHW3 E= 2DH EO C43 #OOCFC2483W D2;83' FEGE3 E=

:EFE=3S XE5 2:UDENF87G8 2D7 2G=88 4B24 HE5 B2I8 :E;6F848 7C3:=84CED 4E 6=EIC78 38=IC:83 E=

E4B8=NC38 8DG2G8 CD E4B8= <53CD833 E= 8;6FEH;8D4 2:4CIC4C83S PE= 4B8 32U8 EO :F2=C4H' HE5

5D78=342D7 4B24 HE5 =842CD 4B8 :E;6F848 =CGB4 4Eb JCM 538 E4B8= 3EO4N2=8 266FC:24CED 38=IC:83 CD

277C4CED 4E 4B8 R<8= $8=IC:83b 2D7 JCCM 8DG2G8 CD 2DH E4B8= E::5624CED E= <53CD833S )E;62DH

=842CD3 4B8 =CGB4 4E 782:4CI248 E= E4B8=NC38 =834=C:4 HE5 O=E; 2::833CDG E= 53CDG 4B8 -=CI8= #66

E= 4B8 R<8= $8=IC:83 CD 4B8 8I8D4 EO 2 ICEF24CED E= 2FF8G87 ICEF24CED EO 4BC3 #G=88;8D4' HE5=7C362=2G8;8D4 EO )E;62DH E= 2DH EO C43 #OOCFC2483' HE5= 2:4 E= E;C33CED 4B24 :25383 B2=; 4E

)E;62DHW3 E= C43 #OOCFC2483W <=2D7' =865424CED E= <53CD833 23 7848=;CD87 <H )E;62DH CD C43 3EF8

7C3:=84CEDS

?SA ,3=B6;CS

?SAS> XE5 2:UDENF87G8 2D7 2G=88 4B249 J2M 2O48= =8:8CICDG /=2D36E=424CED $8=IC:83' 2 R38= NCFF

<8 6=E;6487 <H R<8=W3 ;E<CF8 266FC:24CED 4E 6=EIC78 2 =24CDG EO HE5 2D7 35:B

/=2D36E=424CED $8=IC:83 2D7' E64CED2FFH' 4E 6=EIC78 :E;;8D43 E= O887<2:U 2<E54 HE5

2D7 35:B /=2D36E=424CED $8=IC:83b 2D7 J<M 2O48= 6=EIC7CDG /=2D36E=424CED $8=IC:83' HE5

NCFF <8 6=E;6487 <H 4B8 -=CI8= #66 4E 6=EIC78 2 =24CDG EO 4B8 R38= 2D7' E64CED2FFH' 4E

6=EIC78 :E;;8D43 E= O887<2:U 2<E54 4B8 R38=S XE5 3B2FF 6=EIC78 HE5= =24CDG3 2D7O887<2:U CD GEE7 O2C4BS

?SAS? XE5 2:UDENF87G8 4B24 )E;62DH 783C=83 4B24 R38=3 B2I8 2::833 4E BCGB+V52FC4H 38=IC:83

IC2 R<8=W3 ;E<CF8 266FC:24CEDS %D E=78= 4E :ED4CD58 4E =8:8CI8 2::833 4E 4B8 -=CI8= #66

2D7 4B8 R<8= $8=IC:83' HE5 ;534 ;2CD42CD 2D 2I8=2G8 =24CDG <H R38=3 4B24 8Q:8873 4B8

;CDC;5; 2I8=2G8 2::8642<F8 =24CDG 8342<FC3B87 <H )E;62DH OE= HE5= /8==C4E=H' 23 ;2H

<8 5672487 O=E; 4C;8 4E 4C;8 <H )E;62DH CD C43 3EF8 7C3:=84CED JKB3&3%*% !8$#-"$

C-'3&"LMS XE5= 2I8=2G8 =24CDG C3 CD48D787 4E =8OF8:4 R38=3W 324C3O2:4CED NC4B HE5=



/=2D36E=424CED $8=IC:83 =24B8= 4B2D HE5= :E;6FC2D:8 NC4B 2DH EO )E;62DHW3 6EFC:C83 E=

=8:E;;8D724CED3S %D 4B8 8I8D4 HE5= 2I8=2G8 =24CDG O2FF3 <8FEN 4B8 .CDC;5; #I8=2G8

"24CDG' )E;62DH NCFF DE4COH HE5 2D7 ;2H 6=EIC78 HE5' CD )E;62DHW3 7C3:=84CED' 2 FC;C487

68=CE7 EO 4C;8 4E =2C38 HE5= 2I8=2G8 =24CDG 2<EI8 4B8 .CDC;5; #I8=2G8 "24CDGS %O HE5

7E DE4 CD:=8238 HE5= 2I8=2G8 =24CDG 2<EI8 4B8 .CDC;5; #I8=2G8 "24CDG NC4BCD 4B8 4C;8

68=CE7 2FFEN87 JCO 2DHM' )E;62DH =838=I83 4B8 =CGB4 4E 782:4CI248 HE5= 2::833 4E 4B8

-=CI8= #66 2D7 4B8 R<8= $8=IC:83S #77C4CED2FFH' HE5 2:UDENF87G8 4B24 HE5= =8682487

O2CF5=8 4E 2::864 R38= =8V58343 OE= /=2D36E=424CED $8=IC:83 NBCF8 HE5 2=8 FEGG87 CD 4E 4B8

-=CI8= #66 :=82483 2 D8G24CI8 8Q68=C8D:8 OE= R38=3 EO R<8=W3 ;E<CF8 266FC:24CEDS %O HE5

7E DE4 NC3B 4E 2::864 R38= =8V58343 OE= /=2D36E=424CED $8=IC:83 OE= 2 68=CE7 EO 4C;8' HE5

2G=88 4B24 HE5 NCFF FEG EOO EO 4B8 -=CI8= #66S

?SAS[ )E;62DH 2D7 C43 #OOCFC2483 =838=I8 4B8 =CGB4 4E 538' 3B2=8 2D7 7C36F2H HE5= 2D7 R38=

=24CDG3 2D7 :E;;8D43 CD 2DH ;2DD8= CD :EDD8:4CED NC4B 4B8 <53CD833 EO )E;62DH 2D7

C43 #OOCFC2483 NC4BE54 244=C<54CED 4E HE5 E= HE5= 266=EI2FS XE5 2:UDENF87G8 2D7 2G=88

4B24 )E;62DH 2D7 C43 #OOCFC2483 2=8 7C34=C<54E=3 JNC4BE54 2DH E<FCG24CED 4E I8=COHM 2D7 DE4

65<FC3B8=3 EO HE5= 2D7 R38= =24CDG3 2D7 :E;;8D43' 6=EIC787 4B24 )E;62DH 2D7 C43

#OOCFC2483 =838=I8 4B8 =CGB4 4E 87C4 E= =8;EI8 :E;;8D43 CD 4B8 8I8D4 4B24 35:B

:E;;8D43 CD:F578 E<3:8DC4C83 E= E4B8= E<Z8:4CED2<F8 :ED48D4' CD:F578 2D CD7CIC752FW3

D2;8 E= E4B8= 68=3ED2F CDOE=;24CED' E= ICEF248 2DH 6=CI2:H F2N3' E4B8= 266FC:2<F8 F2N3

E= )E;62DHW3 E= C43 #OOCFC2483W :ED48D4 6EFC:C83S

?S] K9DB49CS

?S]S> )E;62DH 8D:E5=2G83 HE5 4E 538 XE5= -8IC:8 CD 6=EIC7CDG /=2D36E=424CED $8=IC:83S

d4B8=NC38' CO HE5 8F8:4 4E 538 2DH )E;62DH -8IC:83' )E;62DH NCFF 3566FH HE5 56ED

=8V5834 NC4B )E;62DH -8IC:83 2D7 6=EIC78 4B8 D8:8332=H NC=8F833 7242 6F2D OE= 35:B

-8IC:83' 6=EIC787 4B24 )E;62DH NCFF =8V5C=8 =8C;<5=38;8D4 O=E; HE5 OE= 4B8 :E343

233E:C2487 NC4B 4B8 NC=8F833 7242 6F2D EO 82:B )E;62DH -8IC:8 2D7*E= =8V5834 2 786E3C4

OE= 82:B )E;62DH -8IC:8S XE5 2G=88 4B249 J2M )E;62DH -8IC:83 ;2H EDFH <8 5387 OE=

4B8 65=6E38 EO 8D2<FCDG HE5= 2::833 4E 4B8 R<8= $8=IC:83b 2D7 J<M )E;62DH -8IC:83 ;2HDE4 <8 4=2D3O8==87' FE2D87' 3EF7 E= E4B8=NC38 6=EIC787 CD 2DH ;2DD8= 4E 2DH 62=4H E4B8=

4B2D HE5S )E;62DH -8IC:83 3B2FF 24 2FF 4C;83 =8;2CD 4B8 6=E68=4H EO )E;62DH' 2D7 56ED

48=;CD24CED EO 4BC3 #G=88;8D4 E= HE5= 48=;CD24CED E= 782:4CI24CED' HE5 2G=88 4E =845=D

4E )E;62DH 4B8 266FC:2<F8 )E;62DH -8IC:83 NC4BCD 48D J>@M 72H3S XE5 2G=88 4B24 O2CF5=8

4E 4C;8FH =845=D 2DH )E;62DH -8IC:83' E= 72;2G8 4E )E;62DH -8IC:83 E543C78 EO

KDE=;2F N82= 2D7 482='L NCFF =835F4 CD 4B8 OE=O8C45=8 EO =8F2487 786E3C43S

?S]S? %O HE5 8F8:4 4E 538 XE5= -8IC:839 JCM HE5 2=8 =836ED3C<F8 OE= 4B8 2:V5C3C4CED' :E34 2D7

;2CD48D2D:8 EO XE5= -8IC:83 23 N8FF 23 2DH D8:8332=H NC=8F833 7242 6F2Db 2D7 JCCM

)E;62DH 3B2FF ;2U8 2I2CF2<F8 4B8 -=CI8= #66 OE= CD342FF24CED ED XE5= -8IC:8S )E;62DH

B8=8<H G=2D43 HE5 2 68=3ED2F' DED+8Q:F53CI8' DED+4=2D3O8=2<F8 FC:8D38 4E CD342FF 2D7 538

4B8 -=CI8= #66 ED XE5= -8IC:8 3EF8FH OE= 4B8 65=6E38 EO 6=EIC7CDG /=2D36E=424CED$8=IC:83S XE5 2G=88 4E DE4 6=EIC78' 7C34=C<548 E= 3B2=8' E= 8D2<F8 4B8 6=EIC3CED'

7C34=C<54CED E= 3B2=CDG EO' 4B8 -=CI8= #66 JE= 2DH 7242 233E:C2487 4B8=8NC4BM NC4B 2DH

4BC=7 62=4HS /B8 OE=8GECDG FC:8D38 G=2D4 3B2FF C;;87C248FH 48=;CD248 2D7 HE5 NCFF 78F848

2D7 O5FFH =8;EI8 4B8 -=CI8= #66 O=E; 4B8 -=CI8=+,=EIC787 -8IC:8 CD 4B8 8I8D4 4B24 HE5

:8238 4E 6=EIC78 /=2D36E=424CED $8=IC:83 53CDG XE5= -8IC:8S XE5 2G=88 4B249 JCM 538 EO

4B8 -=CI8= #66 ED XE5= -8IC:8 =8V5C=83 2D 2:4CI8 7242 6F2D NC4B 2 NC=8F833 :2==C8=

233E:C2487 NC4B XE5= -8IC:8' NBC:B 7242 6F2D NCFF <8 6=EIC787 <H HE5 24 HE5= END



8Q68D38b 2D7 JCCM 538 EO 4B8 -=CI8= #66 ED XE5= -8IC:8 23 2D CD48=O2:8 NC4B 4B8 R<8=

$8=IC:83 ;2H :ED35;8 I8=H F2=G8 2;E5D43 EO 7242 4B=E5GB 4B8 7242 6F2DS #&0F/%)

/K-.+"+ !$/! )&H, K"-.#" &%') I" H+"K H%K", / K/!/ F'/% M.!$ H%'.0.!"K

&, -",) $.($ K/!/ H+/(" '.0.!+J /%K #&0F/%) +$/'' %&! I" ,"+F&%+.I'" &,

'./I'" L&, /%) L""+J #&+!+J &, &-",/(" #$/,("+ /++&#./!"K M.!$ /%) K/!/

F'/%E

?S^ '143=B16 I3C9: +9<DB49CS XE5 2:UDENF87G8 2D7 2G=88 4B24 HE5= G8E+FE:24CED CDOE=;24CED ;534

<8 6=EIC787 4E 4B8 R<8= $8=IC:83 IC2 2 -8IC:8 CD E=78= 4E 6=EIC78 /=2D36E=424CED $8=IC:83S XE5

2:UDENF87G8 2D7 2G=88 4B249 J2M HE5= G8E+FE:24CED CDOE=;24CED ;2H <8 E<42CD87 <H 4B8 R<8=

$8=IC:83 NBCF8 4B8 -=CI8= #66 C3 =5DDCDGb 2D7 J<M 4B8 266=EQC;248 FE:24CED EO HE5= a8BC:F8 NCFF <8

7C36F2H87 4E 4B8 R38= <8OE=8 2D7 75=CDG 4B8 6=EIC3CED EO /=2D36E=424CED $8=IC:83 4E 35:B R38=S %D

277C4CED' )E;62DH 2D7 C43 #OOCFC2483 ;2H ;EDC4E=' 4=2:U 2D7 3B2=8 NC4B 4BC=7 62=4C83 -=CI8=W3

G8E+FE:24CED CDOE=;24CED E<42CD87 <H 4B8 -=CI8= #66 2D7 -8IC:8 OE= 32O84H 2D7 38:5=C4H

65=6E383S

[S )12 36: )12< -9>B489

[S> )12< ,9Y2B<9?96=CS XE5 2:UDENF87G8 2D7 2G=88 4B24 24 2FF 4C;83' HE5 3B2FF9 J2M BEF7 2D7

;2CD42CD JCM 2 I2FC7 7=CI8=e3 FC:8D38 NC4B 4B8 266=E6=C248 F8I8F EO :8=4COC:24CED 4E E68=248 HE5=

a8BC:F8' 2D7 JCCM 2FF FC:8D383' 68=;C43' 266=EI2F3 2D7 254BE=C4H 266FC:2<F8 4E HE5 4B24 2=8

D8:8332=H 4E 6=EIC78 62338DG8= 4=2D36E=424CED 38=IC:83 4E 4BC=7 62=4C83 CD 4B8 /8==C4E=Hb J<M

6E33833 4B8 266=E6=C248 2D7 :5==8D4 F8I8F EO 4=2CDCDG' 8Q68=4C38 2D7 8Q68=C8D:8 4E 6=EIC78

/=2D36E=424CED $8=IC:83 CD 2 6=EO833CED2F ;2DD8= NC4B 758 3UCFF' :2=8 2D7 7CFCG8D:8b 2D7 J:M

;2CD42CD BCGB 342D72=73 EO 6=EO833CED2FC3;' 38=IC:8 2D7 :E5=483HS XE5 2:UDENF87G8 2D7 2G=88

4B24 HE5 ;2H <8 35<Z8:4 4E :8=42CD <2:UG=E5D7 2D7 7=CICDG =8:E=7 :B8:U3 O=E; 4C;8 4E 4C;8 CD

E=78= 4E V52FCOH 4E 6=EIC78' 2D7 =8;2CD 8FCGC<F8 4E 6=EIC78' /=2D36E=424CED $8=IC:83S XE5

2:UDENF87G8 2D7 2G=88 4B24 )E;62DH =838=I83 4B8 =CGB4' 24 2DH 4C;8 CD )E;62DHW3 3EF8

7C3:=84CED' 4E 782:4CI248 E= E4B8=NC38 =834=C:4 HE5 O=E; 2::833CDG E= 53CDG 4B8 -=CI8= #66 E= 4B8

R<8= $8=IC:83 CO HE5 O2CF 4E ;884 4B8 =8V5C=8;8D43 384 OE=4B CD 4BC3 #G=88;8D4S

[S? -9>B489 ,9Y2B<9?96=CS XE5 2:UDENF87G8 2D7 2G=88 4B24 HE5= a8BC:F8 3B2FF 24 2FF 4C;83 <89 J2M

6=E68=FH =8GC348=87 2D7 FC:8D387 4E E68=248 23 2 62338DG8= 4=2D36E=424CED I8BC:F8 CD 4B8

/8==C4E=Hb J<M END87 E= F82387 <H HE5' E= E4B8=NC38 CD HE5= F2NO5F 6E33833CEDb J:M 35C42<F8 OE=

68=OE=;CDG 4B8 62338DG8= 4=2D36E=424CED 38=IC:83 :ED48;6F2487 <H 4BC3 #G=88;8D4b 2D7 J7M

;2CD42CD87 CD GEE7 E68=24CDG :ED7C4CED' :ED3C348D4 NC4B CD7534=H 32O84H 2D7 ;2CD48D2D:8

342D72=73 OE= 2 a8BC:F8 EO C43 UCD7 2D7 2DH 277C4CED2F 342D72=73 E= =8V5C=8;8D43 CD 4B8 266FC:2<F8

/8==C4E=H' 2D7 CD 2 :F82D 2D7 32DC42=H :ED7C4CEDS

[S[ K142?96=3=B16S /E 8D35=8 HE5= :E;6FC2D:8 NC4B 2FF =8V5C=8;8D43 CD $8:4CED3 [S> 2D7 [S? 2<EI8'

HE5 ;534 6=EIC78 )E;62DH NC4B N=C448D :E6C83 EO 2FF 35:B FC:8D383' 68=;C43' 266=EI2F3'

254BE=C4H' =8GC34=24CED3 2D7 :8=4COC:24CED3 6=CE= 4E HE5= 6=EIC3CED EO 2DH /=2D36E=424CED $8=IC:83S

/B8=82O48=' HE5 ;534 35<;C4 4E )E;62DH N=C448D 8IC78D:8 EO 2FF 35:B FC:8D383' 68=;C43'

266=EI2F3' 254BE=C4H' =8GC34=24CED3 2D7 :8=4COC:24CED3 23 4B8H 2=8 =8D8N87S )E;62DH 3B2FF' 56ED

=8V5834' <8 8D4C4F87 4E =8IC8N 35:B FC:8D383' 68=;C43' 266=EI2F3' 254BE=C4H' =8GC34=24CED3 2D7

:8=4COC:24CED3 O=E; 4C;8 4E 4C;8' 2D7 HE5= O2CF5=8 4E 6=EIC78 E= ;2CD42CD 2DH EO 4B8 OE=8GECDG

3B2FF :ED34C4548 2 ;248=C2F <=82:B EO 4BC3 #G=88;8D4S )E;62DH =838=I83 4B8 =CGB4 4E

CD7868D78D4FH I8=COH HE5= 7E:5;8D424CED O=E; 4C;8 4E 4C;8 CD 2DH N2H )E;62DH 788;3

266=E6=C248 CD C43 =823ED2<F8 7C3:=84CEDS

\S LB6364B38 !9<?C



\S> L3<9 #384283=B16 36: )12< F3A?96=S XE5 2=8 8D4C4F87 4E :B2=G8 2 O2=8 OE= 82:B CD342D:8 EO

:E;6F8487 /=2D36E=424CED $8=IC:83 6=EIC787 4E 2 R38= 4B24 2=8 E<42CD87 IC2 4B8 R<8= $8=IC:83

JD;-#$E M' NB8=8 35:B P2=8 C3 :2F:5F2487 <2387 56ED 2 <238 O2=8 2;E5D4 6F53 7C342D:8 J23

7848=;CD87 <H )E;62DH 53CDG FE:24CED+<2387 38=IC:83 8D2<F87 4B=E5GB 4B8 -8IC:8M 2D7*E= 4C;8

2;E5D43' 23 7842CF87 24 NNNS5<8=S:E;*:C4C83 OE= 4B8 266FC:2<F8 /8==C4E=H JK;-#$ +-49*4-'3)&LMS

XE5 2:UDENF87G8 2D7 2G=88 4B24 4B8 P2=8 6=EIC787 5D78= 4B8 P2=8 )2F:5F24CED C3 4B8 EDFH

62H;8D4 HE5 NCFF =8:8CI8 CD :EDD8:4CED NC4B 4B8 6=EIC3CED EO /=2D36E=424CED $8=IC:83' 2D7 4B24

D8C4B8= 4B8 P2=8 DE= 4B8 P2=8 )2F:5F24CED CD:F5783 2DH G=245C4HS XE5 2=8 2F3E 8D4C4F87 4E :B2=G8

R38= OE= 2DH /EFF3' 42Q83 E= O883 CD:5==87 75=CDG 4B8 6=EIC3CED EO /=2D36E=424CED $8=IC:83' CO

266FC:2<F8S XE59 JCM 266ECD4 )E;62DH 23 HE5= FC;C487 62H;8D4 :EFF8:4CED 2G8D4 3EF8FH OE= 4B8

65=6E38 EO 2::864CDG 4B8 P2=8' 266FC:2<F8 /EFF3 2D7' 7868D7CDG ED 4B8 =8GCED 2D7*E= CO =8V583487

<H HE5' 266FC:2<F8 42Q83 2D7 O883 O=E; 4B8 R38= ED HE5= <8B2FO IC2 4B8 62H;8D4 6=E:833CDG

O5D:4CED2FC4H O2:CFC42487 <H 4B8 R<8= $8=IC:83b 2D7 JCCM 2G=88 4B24 62H;8D4 ;278 <H R38= 4E

)E;62DH JE= 4E 2D #OOCFC248 EO )E;62DH 2:4CDG 23 2D 2G8D4 EO )E;62DHM 3B2FF <8 :ED3C78=87 4B8

32;8 23 62H;8D4 ;278 7C=8:4FH <H R38= 4E HE5S %D 277C4CED' 4B8 62=4C83 2:UDENF87G8 2D7 2G=88

4B24 23 <84N88D HE5 2D7 )E;62DH' 4B8 P2=8 C3 2 =8:E;;8D787 2;E5D4' 2D7 4B8 6=C;2=H

65=6E38 EO 4B8 6=8+2==2DG87 P2=8 C3 4E 2:4 23 4B8 78O25F4 2;E5D4 CD 4B8 8I8D4 HE5 7E DE4

D8GE4C248 2 7COO8=8D4 2;E5D4S XE5 3B2FF 2FN2H3 B2I8 4B8 =CGB4 4E9 JCM :B2=G8 2 O2=8 4B24 C3 F8334B2D 4B8 6=8+2==2DG87 P2=8b E= JCCM D8GE4C248' 24 HE5= =8V5834' 2 P2=8 4B24 C3 FEN8= 4B2D 4B8 6=8+

2==2DG87 P2=8 J82:B EO JCM 2D7 JCCM B8=8CD' 2 KF$")'3-'$6 ;-#$LMS )E;62DH 3B2FF :ED3C78= 2FF 35:B

=8V58343 O=E; HE5 CD GEE7 O2C4BS )E;62DH 2G=883 4E =8;C4' E= :2538 4E <8 =8;C4487' 4E HE5 ED 24

F8234 2 N88UFH <23C39 J2M 4B8 P2=8 F833 4B8 266FC:2<F8 $8=IC:8 P88b J<M 4B8 /EFF3b 2D7 J:M 7868D7CDG

ED 4B8 =8GCED' :8=42CD 42Q83 2D7 2D:CFF2=H O883S %O HE5 B2I8 3862=248FH 2G=887 4B24 E4B8= 2;E5D43

;2H <8 7875:487 O=E; 4B8 P2=8 6=CE= 4E =8;C442D:8 4E HE5 J$G"G' I8BC:F8 OCD2D:CDG 62H;8D43'

F8238 62H;8D43' ;E<CF8 78IC:8 532G8 :B2=G83' 84:SM' 4B8 E=78= EO 2DH 35:B 7875:4CED3 O=E; 4B8

P2=8 3B2FF <8 7848=;CD87 8Q:F53CI8FH <H )E;62DH J23 <84N88D HE5 2D7 )E;62DHMS

\S? #>36;9C =1 L3<9 #384283=B16S )E;62DH =838=I83 4B8 =CGB4 4E :B2DG8 4B8 P2=8 )2F:5F24CED 24 2DH

4C;8 CD )E;62DHW3 7C3:=84CED <2387 56ED FE:2F ;2=U84 O2:4E=3' 2D7 )E;62DH NCFF 6=EIC78 HE5

NC4B DE4C:8 CD 4B8 8I8D4 EO :B2DG83 4E 4B8 <238 O2=8' 68= ;CF8' 2D7*E= 68= ;CD548 2;E5D43 4B24NE5F7 =835F4 CD 2 :B2DG8 CD 4B8 =8:E;;8D787 P2=8S )ED4CD587 538 EO 4B8 R<8= $8=IC:83 2O48=

2DH 35:B :B2DG8 CD 4B8 P2=8 )2F:5F24CED 3B2FF :ED34C4548 HE5= :ED38D4 4E 35:B :B2DG8S

\S[ L3<9 /:Z2C=?96=E )E;62DH =838=I83 4B8 =CGB4 4E9 JCM 27Z534 4B8 P2=8 OE= 2 62=4C:5F2= CD342D:8 EO

/=2D36E=424CED $8=IC:83 J$G"G' HE5 4EEU 2D CD8OOC:C8D4 =E548' HE5 O2CF87 4E 6=E68=FH 8D7 2

62=4C:5F2= CD342D:8 EO /=2D36E=424CED $8=IC:83 CD 4B8 -=CI8= #66' 48:BDC:2F 8==E= CD 4B8 R<8=

$8=IC:83' 84:SMb E= JCCM :2D:8F 4B8 P2=8 OE= 2 62=4C:5F2= CD342D:8 EO /=2D36E=424CED $8=IC:83 J$G"G'

R38= C3 :B2=G87 OE= /=2D36E=424CED $8=IC:83 4B24 N8=8 DE4 6=EIC787' CD 4B8 8I8D4 EO 2 R38=

:E;6F2CD4' O=257' 84:SMS )E;62DHW3 78:C3CED 4E =875:8 E= :2D:8F 4B8 P2=8 CD 2DH 35:B ;2DD8=

3B2FF <8 8Q8=:C387 CD 2 =823ED2<F8 ;2DD8=S

\S\ +9<DB49 L99S %D :ED3C78=24CED EO )E;62DHW3 6=EIC3CED EO 4B8 -=CI8= #66 2D7 4B8 R<8= $8=IC:83 OE=HE5= 538 2D7 <8D8OC4 B8=85D78=' HE5 2G=88 4E 62H )E;62DH 2 38=IC:8 O88 ED 2 68=

/=2D36E=424CED $8=IC:83 4=2D32:4CED <23C3 :2F:5F2487 23 2 68=:8D42G8 EO 4B8 P2=8 7848=;CD87 <H

4B8 P2=8 )2F:5F24CED J=8G2=7F833 EO 2DH 18GE4C2487 P2=8M' 23 6=EIC787 4E HE5 IC2 8;2CF E=

E4B8=NC38 ;278 2I2CF2<F8 8F8:4=EDC:2FFH <H )E;62DH O=E; 4C;8 4E 4C;8 OE= 4B8 266FC:2<F8

/8==C4E=H JK<$#839$ ;$$LMS %D 4B8 8I8D4 =8G5F24CED3 266FC:2<F8 4E HE5= /8==C4E=H =8V5C=8 42Q83 4E <8

:2F:5F2487 ED 4B8 P2=8' )E;62DH 3B2FF :2F:5F248 4B8 $8=IC:8 P88 <2387 ED 4B8 P2=8 D84 EO 35:B

42Q83S )E;62DH =838=I83 4B8 =CGB4 4E :B2DG8 4B8 $8=IC:8 P88 24 2DH 4C;8 CD )E;62DHW3 7C3:=84CED



<2387 56ED FE:2F ;2=U84 O2:4E=3' 2D7 )E;62DH NCFF 6=EIC78 HE5 NC4B DE4C:8 CD 4B8 8I8D4 EO 35:B

:B2DG8S )ED4CD587 538 EO 4B8 R<8= $8=IC:83 2O48= 2DH 35:B :B2DG8 CD 4B8 $8=IC:8 P88 :2F:5F24CED

3B2FF :ED34C4548 HE5= :ED38D4 4E 35:B :B2DG8S

\SA #3649883=B16 #>3<;9CS XE5 2:UDENF87G8 2D7 2G=88 4B24 R38=3 ;2H 8F8:4 4E :2D:8F =8V58343 OE=

/=2D36E=424CED $8=IC:83 4B24 B2I8 <88D 2::86487 <H HE5 IC2 4B8 -=CI8= #66 24 2DH 4C;8 6=CE= 4E

HE5= 2==CI2FS %D 4B8 8I8D4 4B24 2 R38= :2D:8F3 2D 2::86487 =8V5834 OE= /=2D36E=424CED $8=IC:83')E;62DH ;2H :B2=G8 4B8 R38= 2 :2D:8FF24CED O88 ED HE5= <8B2FOS %O :B2=G87' 4BC3 :2D:8FF24CED O88

3B2FF <8 788;87 4B8 P2=8 OE= 4B8 :2D:8FF87 /=2D36E=424CED $8=IC:83 OE= 4B8 65=6E38 EO

=8;C442D:8 4E HE5 B8=85D78= JK+-&9$44-'3)& ;$$LMS /B8 62=4C83 2:UDENF87G8 2D7 2G=88 4B24 23

<84N88D HE5 2D7 )E;62DH' 4BC3 )2D:8FF24CED P88 C3 2 =8:E;;8D787 2;E5D4' 2D7 4B8 6=C;2=H

65=6E38 EO 35:B )2D:8FF24CED P88 C3 4E 2:4 23 4B8 78O25F4 2;E5D4 CD 4B8 8I8D4 HE5 7E DE4

D8GE4C248 2 7COO8=8D4 2;E5D4S XE5 3B2FF 2FN2H3 B2I8 4B8 =CGB4 4E9 JCM :B2=G8 2 :2D:8FF24CED O88

4B24 C3 F833 4B2D 4B8 )2D:8FF24CED P88b E= JCCM D8GE4C248' 24 HE5= =8V5834' 2 :2D:8FF24CED O88 4B24 C3

FEN8= 4B2D 4B8 )2D:8FF24CED P88 J82:B EO JCM 2D7 JCCM B8=8CD' 2 KF$")'3-'$6 +-&9$44-'3)& ;$$LMS %O

:B2=G87' 4B8 )2D:8FF24CED P88 J=8G2=7F833 EO 2DH 18GE4C2487 )2D:8FF24CED P88M 3B2FF <8 788;87

4B8 P2=8 OE= 4B8 :2D:8FF87 /=2D36E=424CED $8=IC:83 OE= 4B8 65=6E38 EO =8;C442D:8 4E HE5

B8=85D78=S

\S] ,949B@=CS #3 62=4 EO 4B8 R<8= $8=IC:83' )E;62DH 6=EIC783 HE5 2 3H348; OE= 4B8 78FCI8=H EO

=8:8C643 4E R38=3 OE= /=2D36E=424CED $8=IC:83 =8D78=87S R6ED HE5= :E;6F84CED EO /=2D36E=424CED

$8=IC:83 OE= 2 R38=' )E;62DH 6=862=83 2D 266FC:2<F8 =8:8C64 2D7 C33583 35:B =8:8C64 4E 4B8 R38=

IC2 8;2CF ED HE5= <8B2FOS $5:B =8:8C643 2=8 2F3E 6=EIC787 4E HE5 IC2 8;2CF E= 4B8 EDFCD8 6E=42F

2I2CF2<F8 4E HE5 4B=E5GB 4B8 R<8= $8=IC:83S "8:8C643 CD:F578 4B8 <=82U7END EO 2;E5D43 :B2=G87

4E 4B8 R38= OE= /=2D36E=424CED $8=IC:83 2D7 ;2H CD:F578 368:COC: CDOE=;24CED 2<E54 HE5'

CD:F57CDG HE5= D2;8' :ED42:4 CDOE=;24CED 2D7 6BE4E' 23 N8FF 23 2 ;26 EO 4B8 =E548 HE5 4EEUS

#DH :E==8:4CED3 4E 2 R38=W3 =8:8C64 OE= /=2D36E=424CED $8=IC:83 ;534 <8 35<;C4487 4E )E;62DH CD

N=C4CDG NC4BCD 4B=88 J[M <53CD833 72H3 2O48= 4B8 :E;6F84CED EO 35:B /=2D36E=424CED $8=IC:83S

#<38D4 35:B 2 DE4C:8' )E;62DH 3B2FF DE4 <8 FC2<F8 OE= 2DH ;C342U83 CD E= :E==8:4CED3 4E 4B8

=8:8C64 E= OE= =8:2F:5F24CED E= 7C3<5=38;8D4 EO 4B8 P2=8S\S^ %1 /::B=B1638 /?126=CS XE5 2:UDENF87G8 2D7 2G=88 4B24' OE= 4B8 ;5452F <8D8OC4 EO 4B8 62=4C83'

4B=E5GB 27I8=4C3CDG 2D7 ;2=U84CDG' )E;62DH 2D7 C43 #OOCFC2483 ;2H 388U 4E 244=2:4 D8N R38=3 4E

R<8= 2D7 4E CD:=8238 8QC34CDG R38=3W 538 EO R<8=W3 ;E<CF8 266FC:24CEDS XE5 2:UDENF87G8 2D7

2G=88 35:B 27I8=4C3CDG E= ;2=U84CDG 7E83 DE4 8D4C4F8 HE5 4E 2DH 277C4CED2F ;ED842=H 2;E5D43

<8HED7 4B8 2;E5D43 8Q6=833FH 384 OE=4B CD 4BC3 #G=88;8D4S

\S_ !3[9CS XE5 2:UDENF87G8 2D7 2G=88 4B24 HE5 2=8 =8V5C=87 4E9 J2M :E;6F848 2FF 42Q =8GC34=24CED

E<FCG24CED3 2D7 :2F:5F248 2D7 =8;C4 2FF 42Q FC2<CFC4C83 =8F2487 4E HE5= 6=EIC3CED EO /=2D36E=424CED

$8=IC:83 23 =8V5C=87 <H 266FC:2<F8 F2Nb 2D7 J<M 6=EIC78 )E;62DH NC4B 2FF =8F8I2D4 42Q

CDOE=;24CEDS XE5 O5=4B8= 2:UDENF87G8 2D7 2G=88 4B24 HE5 2=8 =836ED3C<F8 OE= 42Q83 ED HE5= END

CD:E;8 2=C3CDG O=E; 4B8 68=OE=;2D:8 EO /=2D36E=424CED $8=IC:83S 1E4NC4B342D7CDG 2DH4BCDG 4E

4B8 :ED4=2=H CD 4BC3 #G=88;8D4' )E;62DH ;2H CD C43 =823ED2<F8 7C3:=84CED <2387 ED 266FC:2<F842Q 2D7 =8G5F24E=H :ED3C78=24CED3' :EFF8:4 2D7 =8;C4 42Q83 =835F4CDG O=E; HE5= 6=EIC3CED EO

/=2D36E=424CED $8=IC:83 2D7*E= 6=EIC78 2DH EO 4B8 =8F8I2D4 42Q CDOE=;24CED HE5 B2I8 6=EIC787

65=352D4 4E 4B8 OE=8GECDG =8V5C=8;8D43 CD 4BC3 $8:4CED \S_ 7C=8:4FH 4E 4B8 266FC:2<F8

GEI8=D;8D42F 42Q 254BE=C4C83 ED HE5= <8B2FO E= E4B8=NC38S

AS F<1@<B9=3<A ,B;>=C\ 'B496C9



AS> 'B496C9 (<36=S $5<Z8:4 4E 4B8 48=;3 2D7 :ED7C4CED3 EO 4BC3 #G=88;8D4' )E;62DH B8=8<H G=2D43

HE5 2 DED+8Q:F53CI8' DED+4=2D3O8=2<F8' DED+35<FC:8D32<F8' DED+233CGD2<F8 FC:8D38' 75=CDG 4B8

48=; EO 4BC3 #G=88;8D4' 4E 538 4B8 R<8= $8=IC:83 JCD:F57CDG 4B8 -=CI8= #66 ED 2 -8IC:8M 3EF8FH

OE= 4B8 65=6E38 EO 6=EIC7CDG /=2D36E=424CED $8=IC:83 4E R38=3 2D7 4=2:UCDG =835F4CDG P2=83 2D7

P883S #FF =CGB43 DE4 8Q6=833FH G=2D487 4E HE5 2=8 =838=I87 <H )E;62DH' C43 #OOCFC2483 2D7 4B8C=

=8368:4CI8 FC:8D3E=3S

AS? ,9C=<B4=B16CS XE5 3B2FF DE4' 2D7 3B2FF DE4 2FFEN 2DH E4B8= 62=4H 4E9 J2M FC:8D38' 35<FC:8D38' 38FF'

=838FF' 4=2D3O8=' 233CGD' 7C34=C<548 E= E4B8=NC38 6=EIC78 E= ;2U8 2I2CF2<F8 4E 2DH E4B8= 62=4H 4B8

R<8= $8=IC:83' -=CI8= #66 E= 2DH )E;62DH -8IC:8 CD 2DH N2Hb J<M ;E7COH E= ;2U8 78=CI24CI8

NE=U3 <2387 56ED 4B8 R<8= $8=IC:83 E= -=CI8= #66b J:M C;6=E68=FH 538 4B8 R<8= $8=IC:83 E=

-=CI8= #66' CD:F57CDG :=824CDG %D48=D84 KFCDU3L 4E 2DH 62=4 EO 4B8 R<8= $8=IC:83 E= -=CI8= #66'

KO=2;CDGL E= K;C==E=CDGL 2DH 62=4 EO 4B8 R<8= $8=IC:83 E= -=CI8= #66 ED 2DH E4B8= N8<3C483 E=

3H348;3' E= K3:=26CDGL E= E4B8=NC38 C;6=E68=FH E<42CDCDG 7242 O=E; 4B8 R<8= $8=IC:83 E= -=CI8=

#66b J7M =8I8=38 8DGCD88=' 78:E;6CF8' ;E7COH' E= 7C32338;<F8 4B8 R<8= $8=IC:83 E= -=CI8= #66'

8Q:864 23 2FFEN87 5D78= 266FC:2<F8 F2Nb E= J8M 38D7 362; E= E4B8=NC38 756FC:24CI8 E= 5D3EFC:C487

;8332G83S %D 277C4CED' HE5 3B2FF DE4' 2D7 3B2FF DE4 2FFEN 2DH E4B8= 62=4H 4E' 2::833 E= 538 4B8

R<8= $8=IC:83 E= -=CI8= #66 4E9 JCM 783CGD E= 78I8FE6 2 :E;684C4CI8 E= 35<342D4C2FFH 3C;CF2=

6=E75:4 E= 38=IC:8b JCCM :E6H E= 8Q4=2:4 2DH O8245=83' O5D:4CED2FC4H' E= :ED48D4 4B8=8EOb JCCCM F25D:B

E= :2538 4E <8 F25D:B87 ED E= CD :EDD8:4CED NC4B 4B8 R<8= $8=IC:83 2D 254E;2487 6=EG=2; E=

3:=C64' CD:F57CDG N8< 36C78=3' :=2NF8=3' =E<E43' CD78Q8=3' <E43' IC=5383 E= NE=;3' E= 2DH 6=EG=2;

NBC:B ;2H ;2U8 ;5F4C6F8 38=I8= =8V58343 68= 38:ED7' E= 5D75FH <5=78D E= BCD78= 4B8 E68=24CED

2D7*E= 68=OE=;2D:8 EO 4B8 R<8= $8=IC:83b E= JCIM 2448;64 4E G2CD 5D254BE=CT87 2::833 4E 4B8

R<8= $8=IC:83 E= C43 =8F2487 3H348;3 E= D84NE=U3S

AS[ &769<C>B@S /B8 R<8= $8=IC:83' -=CI8= #66 2D7 )E;62DH -242' CD:F57CDG 2FF CD48FF8:452F 6=E68=4H

=CGB43 4B8=8CD' 2D7 4B8 )E;62DH -8IC:83 2=8 2D7 3B2FF =8;2CD J23 <84N88D HE5 2D7 )E;62DHM

4B8 6=E68=4H EO )E;62DH' C43 #OOCFC2483 E= 4B8C= =8368:4CI8 FC:8D3E=3S 18C4B8= 4BC3 #G=88;8D4 DE=

HE5= 538 EO 4B8 R<8= $8=IC:83' -=CI8= #66 E= )E;62DH -242 :EDI8H3 E= G=2D43 4E HE5 2DH =CGB43

CD E= =8F2487 4E 4B8 R<8= $8=IC:83' -=CI8= #66 E= )E;62DH -242' 8Q:864 OE= 4B8 FC;C487 FC:8D38G=2D487 2<EI8S d4B8= 4B2D 23 368:COC:2FFH 68=;C4487 <H 4B8 )E;62DH CD :EDD8:4CED NC4B 4B8

R<8= $8=IC:83' HE5 2=8 DE4 68=;C4487 4E 538 E= =8O8=8D:8 CD 2DH ;2DD8= )E;62DHW3' C43

#OOCFC2483W' E= 4B8C= =8368:4CI8 FC:8D3E=3W :E;62DH D2;83' FEGE3' 6=E75:43 2D7 38=IC:8 D2;83'

4=278;2=U3' 38=IC:8 ;2=U3' 4=278 7=833' :E6H=CGB43 E= E4B8= CD7C:C2 EO END8=3BC6' "#$%& "%' (%

)$*+(%",($% -(,. $,.&/ #&,,&/01 23%),3",($%1 -$/'01 04*+$#0 "%'5$/ '&0(6%0 7,.& 89:;< ="/>0

"%' ?"*&08@ A$/ "%4 )$**&/)("# 23/2$0&0S XE5 2G=88 4B24 HE5 NCFF DE4 4=H 4E =8GC348= E=

E4B8=NC38 538 2D7*E= :F2C; END8=3BC6 CD 2DH EO 4B8 Rf&" .2=U3 2D7 12;83' 2FED8 E= CD

:E;<CD24CED NC4B E4B8= F8448=3' 65D:4524CED' NE=73' 3H;<EF3 2D7*E= 783CGD3' E= CD 2DH

:EDO53CDGFH 3C;CF2= ;2=U' D2;8 E= 4C4F8' OE= 2DH GEE73 2D7 38=IC:83S

]S #16WB:96=B38B=A

]S> &2:B 62=4H 2:UDENF87G83 2D7 2G=883 4B24 CD 4B8 68=OE=;2D:8 EO 4BC3 #G=88;8D4 C4 ;2H B2I82::833 4E E= ;2H <8 8Q6E387 4E' 7C=8:4FH E= CD7C=8:4FH' :EDOC78D4C2F CDOE=;24CED EO 4B8 E4B8= 62=4H

Jg+)&236$&'3-4 :&2)#%-'3)&gMS )EDOC78D4C2F %DOE=;24CED CD:F5783 )E;62DH -242' -=CI8= %-3' R38=

%DOE=;24CED' 2D7 4B8 4=2D32:4CED IEF5;8' ;2=U84CDG 2D7 <53CD833 6F2D3' <53CD833' OCD2D:C2F'

48:BDC:2F' E68=24CED2F 2D7 35:B E4B8= DED+65<FC: CDOE=;24CED EO 82:B 62=4H JNB84B8= 7C3:FE387

CD N=C4CDG E= I8=<2FFHM 4B24 35:B 62=4H 783CGD2483 23 <8CDG 6=E6=C842=H E= :EDOC78D4C2F E= EO NBC:B

4B8 E4B8= 62=4H 3BE5F7 =823ED2<FH UDEN 4B24 C4 3BE5F7 <8 4=82487 23 :EDOC78D4C2FS



]S? &2:B 62=4H 2:UDENF87G83 2D7 2G=883 4B249 J2M 2FF )EDOC78D4C2F %DOE=;24CED 3B2FF =8;2CD 4B8

8Q:F53CI8 6=E68=4H EO 4B8 7C3:FE3CDG 62=4Hb J<M C4 3B2FF DE4 538 )EDOC78D4C2F %DOE=;24CED EO 4B8

E4B8= 62=4H OE= 2DH 65=6E38 8Q:864 CD O5=4B8=2D:8 EO 4BC3 #G=88;8D4b J:M C4 3B2FF DE4 7C3:FE38

)EDOC78D4C2F %DOE=;24CED EO 4B8 E4B8= 62=4H 4E 2DH 4BC=7 62=4H' 8Q:864 4E C43 8;6FEH883' EOOC:8=3'

:ED4=2:4E=3' 2G8D43 2D7 38=IC:8 6=EIC78=3 Jg0$#%3''$6 0$#>)&>gM 23 D8:8332=H 4E 68=OE=; 5D78=

4BC3 #G=88;8D4' 6=EIC787 ,8=;C4487 ,8=3ED3 2=8 <E5D7 CD N=C4CDG 4E E<FCG24CED3 EO

:EDOC78D4C2FC4H 2D7 DED+538 EO )EDOC78D4C2F %DOE=;24CED DE F833 6=E48:4CI8 4B2D 4B8 48=;3

B8=8EOb 2D7 J7M C4 3B2FF =845=D E= 7834=EH 2FF )EDOC78D4C2F %DOE=;24CED EO 4B8 7C3:FE3CDG 62=4H'

56ED 4B8 48=;CD24CED EO 4BC3 #G=88;8D4 E= 24 4B8 =8V5834 EO 4B8 E4B8= 62=4H J35<Z8:4 4E

266FC:2<F8 F2N 2D7' NC4B =8368:4 4E )E;62DH' C43 CD48=D2F =8:E=7+U886CDG =8V5C=8;8D43MS

]S[ 1E4NC4B342D7CDG 4B8 OE=8GECDG' )EDOC78D4C2F %DOE=;24CED 3B2FF DE4 CD:F578 2DH CDOE=;24CED 4E

4B8 8Q48D4 C49 J2M C3 E= <8:E;83 62=4 EO 4B8 65<FC: 7E;2CD 4B=E5GB DE 2:4 E= E;C33CED ED 4B8 62=4

EO 4B8 =8:8CICDG 62=4Hb J<M N23 6E3383387 <H 4B8 =8:8CICDG 62=4H 6=CE= 4E 4B8 7248 EO 4BC3

#G=88;8D4 NC4BE54 2D E<FCG24CED EO :EDOC78D4C2FC4Hb J:M C3 7C3:FE387 4E 4B8 =8:8CICDG 62=4H <H 2

4BC=7 62=4H B2ICDG DE E<FCG24CED EO :EDOC78D4C2FC4H NC4B =8368:4 4B8=84Eb E= J7M C3 =8V5C=87 4E <8

7C3:FE387 65=352D4 4E F2N' :E5=4 E=78=' 35<6E8D2 E= GEI8=D;8D42F 254BE=C4H' 6=EIC787 4B8

=8:8CICDG 62=4H DE4COC83 4B8 7C3:FE3CDG 62=4H 4B8=8EO 2D7 6=EIC783 4B8 7C3:FE3CDG 62=4H 2

=823ED2<F8 E66E=45DC4H 4E :ED4834 E= FC;C4 35:B =8V5C=87 7C3:FE35=8S

^S F<BD34A

^S> KBC481C2<9 1W )12< .6W1<?3=B16S $5<Z8:4 4E 266FC:2<F8 F2N' )E;62DH 2D7 C43 #OOCFC2483 ;2H' <54

3B2FF DE4 <8 =8V5C=87 4E' 6=EIC78 4E HE5' 2 R38=' 2D CD35=2D:8 :E;62DH 2D7*E= =8F8I2D4

254BE=C4C83 2D7*E= =8G5F24E=H 2G8D:C83 2DH CDOE=;24CED JCD:F57CDG 68=3ED2F CDOE=;24CED J$G"G'

CDOE=;24CED E<42CD87 2<E54 HE5 4B=E5GB 2DH <2:UG=E5D7 :B8:UM 2D7 2DH )E;62DH -242M 2<E54

HE5 E= 2DH /=2D36E=424CED $8=IC:83 6=EIC787 B8=85D78= CO9 J2M 4B8=8 C3 2 :E;6F2CD4' 7C36548 E=

:EDOFC:4' CD:F57CDG 2D 2::C78D4' <84N88D HE5 2D7 2 R38=b J<M C4 C3 D8:8332=H 4E 8DOE=:8 4B8 48=;3

EO 4BC3 #G=88;8D4b J:M C4 C3 =8V5C=87' CD )E;62DHW3 E= 2DH #OOCFC248W3 3EF8 7C3:=84CED' <H 266FC:2<F8

F2N E= =8G5F24E=H =8V5C=8;8D43 J$G"G' )E;62DH E= C43 #OOCFC2483 =8:8CI8 2 35<6E8D2' N2==2D4' E=

E4B8= F8G2F 6=E:833 OE= CDOE=;24CEDMb J7M C4 C3 D8:8332=H' CD )E;62DHW3 E= 2DH #OOCFC248W3 3EF87C3:=84CED' 4E J>M 6=E48:4 4B8 32O84H' =CGB43' 6=E68=4H E= 38:5=C4H EO )E;62DH E= C43 #OOCFC2483' 4B8

R<8= $8=IC:83 E= 2DH 4BC=7 62=4Hb J?M 4E 6=E48:4 4B8 32O84H EO 4B8 65<FC: OE= 2DH =823ED CD:F57CDG

4B8 O2:CFC424CED EO CD35=2D:8 :F2C;3 =8F2487 4E 4B8 R<8= $8=IC:83b J[M 4E 7848:4' 6=8I8D4 E=

E4B8=NC38 277=833 O=257' 38:5=C4H E= 48:BDC:2F C33583b J\M 4E 6=8I8D4 E= 34E6 2:4CIC4H NBC:B

)E;62DH E= 2DH EO C43 #OOCFC2483' CD 4B8C= 3EF8 7C3:=84CED' ;2H :ED3C78= 4E <8' E= 4E 6E38 2 =C3U EO

<8CDG' 2D CFF8G2F' 5D84BC:2F' E= F8G2FFH 2:4CED2<F8 2:4CIC4HMb E= J8M C4 C3 =8V5C=87 E= D8:8332=H' CD

)E;62DHW3 E= 2DH #OOCFC248W3 3EF8 7C3:=84CED' OE= CD35=2D:8 E= E4B8= 65=6E383 =8F2487 4E HE5=

2<CFC4H 4E V52FCOH' E= =8;2CD V52FCOC87' 4E 538 4B8 R<8= $8=IC:83S XE5 5D78=342D7 4B24 )E;62DH

;2H =842CD HE5= 68=3ED2F 7242 OE= F8G2F' =8G5F24E=H' 32O84H 2D7 E4B8= D8:8332=H 65=6E383 2O48=

4BC3 #G=88;8D4 C3 48=;CD2487S

^S? )E;62DH 2D7 C43 #OOCFC2483 ;2H :EFF8:4 HE5= 68=3ED2F 7242 75=CDG 4B8 :E5=38 EO HE5= 266FC:24CEDOE=' 2D7 538 EO' 4B8 R<8= $8=IC:83' E= ;2H E<42CD CDOE=;24CED 2<E54 HE5 O=E; 4BC=7 62=4C83S $5:B

CDOE=;24CED ;2H <8 34E=87' 6=E:83387' 4=2D3O8==87' 2D7 2::83387 <H )E;62DH 2D7 C43 #OOCFC2483'

4BC=7 62=4C83' 2D7 38=IC:8 6=EIC78=3 OE= <53CD833 65=6E383' CD:F57CDG OE= ;2=U84CDG' F827

G8D8=24CED' 38=IC:8 78I8FE6;8D4 2D7 C;6=EI8;8D4' 2D2FH4C:3' CD7534=H 2D7 ;2=U84 =8382=:B'

2D7 35:B E4B8= 65=6E383 :ED3C348D4 NC4B )E;62DHW3 2D7 C43 #OOCFC2483W F8GC4C;248 <53CD833 D8873S

XE5 8Q6=833FH :ED38D4 4E 35:B 538 EO 68=3ED2F 7242S

_S .6C2<3649



_S> XE5 2G=88 4E ;2CD42CD 75=CDG 4B8 48=; EO 4BC3 #G=88;8D4 ED 2FF a8BC:F83 E68=2487 <H HE5 5D78=

4BC3 #G=88;8D4 254E;E<CF8 FC2<CFC4H CD35=2D:8 4B24 6=EIC783 6=E48:4CED 2G2CD34 <E7CFH CDZ5=H 2D7

6=E68=4H 72;2G8 4E 4BC=7 62=4C83 24 F8I8F3 EO :EI8=2G8 4B24 324C3OH 4B8 ;CDC;5; =8V5C=8;8D43 4E

E68=248 2 6=CI248 62338DG8= I8BC:F8 ED 4B8 65<FC: =E273 NC4BCD 4B8 /8==C4E=HS /BC3 :EI8=2G8 ;534

2F3E CD:F578 2DH DE+O25F4 :EI8=2G8 =8V5C=87 <H F2N CD 4B8 /8==C4E=H 4B24 ;2H DE4 <8 N2CI87 <H 2D

CD35=87S XE5 2G=88 4E 6=EIC78 )E;62DH 2D7 C43 #OOCFC2483 2 :E6H EO 4B8 CD35=2D:8 6EFC:H' 6EFC:H

78:F2=24CED3' 6=EEO EO CD35=2D:8 C78D4COC:24CED :2=7 2D7 6=EEO EO 6=8;C5; 62H;8D4 OE= 4B8

CD35=2D:8 6EFC:H =8V5C=87 CD 4BC3 $8:4CED _S> 56ED =8V5834S P5=4B8=;E=8' HE5 ;534 6=EIC78

)E;62DH NC4B N=C448D DE4C:8 EO :2D:8FF24CED EO 2DH CD35=2D:8 6EFC:H =8V5C=87 <H )E;62DHS

)E;62DH 3B2FF B2I8 DE =CGB4 4E :ED4=EF HE5= 38F8:4CED E= ;2CD48D2D:8 EO HE5= 6EFC:HS XE5 ;534

<8 2 D2;87 CD35=87 E= CD7CIC752FFH =2487 7=CI8=' OE= NBC:B 2 6=8;C5; C3 :B2=G87' ED 4B8

CD35=2D:8 6EFC:H =8V5C=87 CD 4BC3 $8:4CED _S> 24 2FF 4C;83S

_S? )12 3;<99 =1 ?3B6=3B6 :2<B6; =>9 =9<? 1W =>BC /;<99?96= 71<59<C] 41?@96C3=B16 B6C2<3649 3C

<9Y2B<9: XA 388 3@@8B43X89 837C B6 =>9 !9<<B=1<AE .W @9<?B==9: XA 3@@8B43X89 837J A12 ?3A 4>11C9

=1 B6C2<9 A12<C98W 3;3B6C= B6:2C=<B38 B6Z2<B9C XA ?3B6=3B6B6; 1442@3=B1638 344B:96= B6C2<3649 B6

@8349 1W 71<59<C] 41?@96C3=B16 B6C2<3649E L2<=>9<?1<9J BW @9<?B==9: XA 3@@8B43X89 837J A12

?3A 4>11C9 61= =1 B6C2<9 A12<C98W 3;3B6C= B6:2C=<B38 B6Z2<B9C 3= 388J X2= :1 C1 3= A12< 176 <BC5E

_S[ XE5 5D78=342D7 2D7 2:UDENF87G8 4B24 HE5= 68=3ED2F 254E;E<CF8 CD35=2D:8 6EFC:H ;2H DE4

2OOE=7 FC2<CFC4H' :E;6=8B8D3CI8' :EFFC3CED' ;87C:2F 62H;8D43' 68=3ED2F CDZ5=H 6=E48:4CED'

5DCD35=87 ;E4E=C34' 5D78=CD35=87 ;E4E=C34' E= E4B8= :EI8=2G8 OE= 4B8 /=2D36E=424CED $8=IC:83

HE5 6=EIC78 65=352D4 4E 4BC3 #G=88;8D4S %O HE5 B2I8 2DH V5834CED3 E= :ED:8=D3 2<E54 4B8 3:E68

E= 266FC:2<CFC4H EO HE5= END CD35=2D:8 :EI8=2G8' C4 C3 HE5= =836ED3C<CFC4H' DE4 4B24 EO )E;62DH' 4E

=83EFI8 4B8; NC4B HE5= CD35=8=J3MS

_S\ )E;62DH ;2H ;2CD42CD 75=CDG 4B8 48=; EO 4BC3 #G=88;8D4 CD35=2D:8 =8F2487 4E HE5= 6=EIC3CED

EO /=2D36E=424CED $8=IC:83 23 7848=;CD87 <H )E;62DH CD C43 =823ED2<F8 7C3:=84CED E= 23

783:=C<87 CD 2 )C4H #778D75;' 6=EIC787 4B24 )E;62DH 2D7 C43 #OOCFC2483 2=8 DE4 =8V5C=87 4E6=EIC78 HE5 NC4B 2DH 368:COC: CD35=2D:8 :EI8=2G8 OE= 2DH FE33 4E HE5 E= HE5= a8BC:F8S XE5 2=8

=8V5C=87 4E 6=E;64FH DE4COH )E;62DH EO 2DH 2::C78D43 4B24 E::5= NBCF8 6=EIC7CDG /=2D36E=424CED

$8=IC:83 2D7 4E :EE68=248 2D7 6=EIC78 2FF D8:8332=H CDOE=;24CED =8F2487 4B8=84ES

`S ,9@<9C96=3=B16C 36: M3<<36=B9C\ KBC483B?9<C

`S> IA )12S XE5 B8=8<H =86=838D4 2D7 N2==2D4 4B249 J2M HE5 B2I8 O5FF 6EN8= 2D7 254BE=C4H 4E 8D48=

CD4E 4BC3 #G=88;8D4 2D7 68=OE=; HE5= E<FCG24CED3 B8=85D78=b J<M HE5 B2I8 DE4 8D48=87 CD4E' 2D7

75=CDG 4B8 48=; NCFF DE4 8D48= CD4E' 2DH 2G=88;8D4 4B24 NE5F7 6=8I8D4 HE5 O=E; :E;6FHCDG NC4B

4BC3 #G=88;8D4b 2D7 J:M HE5 NCFF :E;6FH NC4B 2FF 266FC:2<F8 F2N3 CD HE5= 68=OE=;2D:8 EO 4BC3

#G=88;8D4' CD:F57CDG BEF7CDG 2D7 :E;6FHCDG NC4B 2FF 68=;C43' FC:8D383' =8GC34=24CED3 2D7 E4B8=

GEI8=D;8D42F 254BE=CT24CED3 D8:8332=H 4E 6=EIC78 JCM /=2D36E=424CED $8=IC:83 53CDG 4B8 a8BC:F8365=352D4 4E 4BC3 #G=88;8D4' 2D7 JCCM 62338DG8= 4=2D36E=424CED 38=IC:83 4E 4BC=7 62=4C83 CD 4B8

/8==C4E=H G8D8=2FFHS

`S? KBC483B?9< 1W M3<<36=B9CS )d.,#1X #1- %/$ #PP%(%#/&$ ,"da%-&' #1- XdR #))&,/' /0& Rf&"

$&"a%)&$' -"%a&" #,, #1- /0& )d.,#1X -&a%)&$ d1 #1 g#$ %$g #1- g#$ #a#%(#f(&g f#$%$S

)d.,#1X #1- %/$ #PP%(%#/&$ -d 1d/ "&,"&$&1/' c#""#1/ d" hR#"#1/&& /0#/ XdR"

#))&$$ /d d" R$& dP /0& Rf&" $&"a%)&$' -"%a&" #,, d" /0& )d.,#1X -&a%)&$9 J#M c%(( f&

R1%1/&""R,/&- d" &""d" P"&&b d" JfM c%(( "&$R(/ %1 #1X "&iR&$/$ Pd" /"#1$,d"/#/%d1



$&"a%)&$S )d.,#1X #1- %/$ #PP%(%#/&$ PR1)/%d1 #$ #1 d1+-&.#1- (&#- h&1&"#/%d1 #1-

"&(#/&- $&"a%)& d1(X #1- .#j& 1d "&,"&$&1/#/%d1$' c#""#1/%&$ d" hR#"#1/&&$ #$ /d

/0& #)/%d1$ d" %1#)/%d1$ dP /0& R$&"$ c0d .#X "&iR&$/ d" "&)&%a& /"#1$,d"/#/%d1

$&"a%)&$ P"d. XdR' #1- )d.,#1X #1- %/$ #PP%(%#/&$ -d 1d/ $)"&&1 d" d/0&"c%$&

&a#(R#/& R$&"$S :B R$%1h /0& Rf&" $&"a%)&$ #1- -"%a&" #,,' XdR #)j1dc(&-h& #1-

#h"&& /0#/ XdR .#X f& %1/"d-R)&- /d # /0%"- ,#"/X /0#/ .#X ,d$& 0#". d" "%$j /d

XdR d" d/0&" /0%"- ,#"/%&$S XdR #"& #-a%$&- /d /#j& "&#$d1#f(& ,"&)#R/%d1$ c%/0

"&$,&)/ /d %1/&"#)/%d1$ c%/0 /0%"- ,#"/%&$ &1)dR1/&"&- %1 )d11&)/%d1 c%/0 /0& R$&

dP /0& Rf&" $&"a%)&$ d" -"%a&" #,,S1d/c%/0$/#1-%1h )d.,#1XW$ #,,d%1/.&1/ #$ /0&

(%.%/&- ,#X.&1/ )d((&)/%d1 #h&1/ dP XdR Pd" /0& ,R",d$& dP #))&,/%1h ,#X.&1/

P"d. R$&"$ d1 XdR" f&0#(P #$ $&/ Pd"/0 %1 $&)/%d1 \ #fda&' )d.,#1X #1- %/$

#PP%(%#/&$ &k,"&$$(X -%$)(#%. #(( (%#f%(%/X Pd" #1X #)/ d" d.%$$%d1 dP XdR' #1X R$&" d"

d/0&" /0%"- ,#"/XS

`S[ %1 +9<DB49 (23<36=99S )d.,#1X #1- %/$ #PP%(%#/&$ -d 1d/ hR#"#1/&& /0& #a#%(#f%(%/X

d" R,/%.& dP /0& Rf&" $&"a%)&$ d" -"%a&" #,,S XdR #)j1dc(&-h& #1- #h"&& /0#/ /0&

Rf&" $&"a%)&$ d" -"%a&" #,, .#X f& R1#a#%(#f(& #/ #1X /%.& #1- Pd" #1X "&#$d1 J$G"G'

-R& /d $)0&-R(&- .#%1/&1#1)& d" 1&/cd"j P#%(R"&MS PR"/0&"' /0& Rf&" $&"a%)&$ d"

-"%a&" #,, .#X f& $Rfl&)/ /d (%.%/#/%d1$' -&(#X$' #1- d/0&" ,"df(&.$ %10&"&1/ %1

/0& R$& dP /0& %1/&"1&/ #1- &(&)/"d1%) )d..R1%)#/%d1$' #1- )d.,#1X #1- %/$

#PP%(%#/&$ #"& 1d/ "&$,d1$%f(& Pd" #1X -&(#X$' -&(%a&"X P#%(R"&$' d" d/0&" -#.#h&$'

(%#f%(%/%&$ d" (d$$&$ "&$R(/%1h P"d. $R)0 ,"df(&.$S

>@S .6:9?6BWB43=B16S XE5 3B2FF CD78;DCOH' 78O8D7 J24 )E;62DHW3 E64CEDM 2D7 BEF7 B2=;F833 )E;62DH

2D7 C43 #OOCFC2483 2D7 4B8C= =8368:4CI8 EOOC:8=3' 7C=8:4E=3' 8;6FEH883' 2G8D43' 35::833E=3 2D7 233CGD3

O=E; 2D7 2G2CD34 2DH 2D7 2FF FC2<CFC4C83' 8Q68D383 JCD:F57CDG F8G2F O883M' 72;2G83' 68D2F4C83' OCD83'

3E:C2F 38:5=C4H :ED4=C<54CED3 2D7 42Q83 2=C3CDG E54 EO E= =8F2487 4E9 J2M HE5= <=82:B EO HE5=

=86=838D424CED3' N2==2D4C83 E= E<FCG24CED3 5D78= 4BC3 #G=88;8D4b E= J<M 2 :F2C; <H 2 4BC=7 62=4H

JCD:F57CDG R38=3' =8G5F24E=3 2D7 GEI8=D;8D42F 254BE=C4C83M 7C=8:4FH E= CD7C=8:4FH =8F2487 4E HE5=

6=EIC3CED EO /=2D36E=424CED $8=IC:83 E= 538 EO 4B8 R<8= $8=IC:83S /BC3 CD78;DCOC:24CED 6=EIC3CED 3B2FFDE4 266FH 4E HE5= <=82:B EO 2DH =86=838D424CED3 =8G2=7CDG HE5= 342453 23 2D CD7868D78D4 :ED4=2:4E=S

>>S 'B?B=C 1W 'B3XB8B=AE )d.,#1X #1- %/$ #PP%(%#/&$ $0#(( 1d/ f& (%#f(& R1-&" d" "&(#/&- /d

/0%$ #h"&&.&1/ Pd" #1X dP /0& Pd((dc%1h' c0&/0&" f#$&- d1 )d1/"#)/' /d"/ d" #1X

d/0&" (&h#( /0&d"X' &a&1 %P # ,#"/X 0#$ f&&1 #-a%$&- dP /0& ,d$$%f%(%/X dP $R)0

-#.#h&$9 JCM #1X %1)%-&1/#(' ,R1%/%a&' $,&)%#(' &k&.,(#"X' )d1$&iR&1/%#(' d" d/0&"

%1-%"&)/ -#.#h&$ dP #1X /X,& d" j%1-b d" JCCM XdR" d" #1X /0%"- ,#"/XW$ ,"d,&"/X

-#.#h&' d" (d$$ d" %1#))R"#)X dP -#/#' d" (d$$ dP fR$%1&$$' "&a&1R&' ,"dP%/$' R$& d"

d/0&" &)d1d.%) #-a#1/#h&S &k)&,/ Pd" )d.,#1XW$ df(%h#/%d1$ /d ,#X #.dR1/$ -R& /d

XdR ,R"$R#1/ /d $&)/%d1 \ #fda&' fR/ $Rfl&)/ /d #1X (%.%/#/%d1$ d" d/0&" ,"da%$%d1$

)d1/#%1&- %1 /0%$ #h"&&.&1/ c0%)0 #"& #,,(%)#f(& /0&"&/d' %1 1d &a&1/ $0#(( /0&

(%#f%(%/X dP )d.,#1X d" %/$ #PP%(%#/&$ R1-&" /0%$ #h"&&.&1/ &k)&&- /0& #.dR1/ dP$&"a%)& P&&$ #)/R#((X ,#%- /d d" -R& /d )d.,#1X 0&"&R1-&" %1 /0& $%k J]M .d1/0 ,&"%d-

%..&-%#/&(X ,"&)&-%1h /0& &a&1/ h%a%1h "%$& /d $R)0 )(#%.S

>?S !9<? 36: !9<?B63=B16

>?S> !9<?S /BC3 #G=88;8D4 3B2FF :E;;8D:8 ED 4B8 7248 2::86487 <H HE5 2D7 3B2FF :ED4CD58 5D4CF

48=;CD2487 23 384 OE=4B B8=8CDS



>?S? !9<?B63=B16S &C4B8= 62=4H ;2H 48=;CD248 4BC3 #G=88;8D49 J2M NC4BE54 :2538 24 2DH 4C;8 56ED

38I8D J^M 72H3 6=CE= N=C448D DE4C:8 4E 4B8 E4B8= 62=4Hb J<M C;;87C248FH' NC4BE54 DE4C:8' OE= 4B8

E4B8= 62=4HW3 ;248=C2F <=82:B EO 4BC3 #G=88;8D4b E= J:M C;;87C248FH' NC4BE54 DE4C:8' CD 4B8 8I8D4

EO 4B8 CD3EFI8D:H E= <2DU=564:H EO 4B8 E4B8= 62=4H' E= 56ED 4B8 E4B8= 62=4HW3 OCFCDG E= 35<;C33CED

EO =8V5834 OE= 35368D3CED EO 62H;8D4 JE= 3C;CF2= 2:4CED E= 8I8D4M 2G2CD34 4B8 48=;CD24CDG 62=4HS

%D 277C4CED' )E;62DH ;2H 48=;CD248 4BC3 #G=88;8D4 E= 782:4CI248 HE5= -=CI8= %- C;;87C248FH'

NC4BE54 DE4C:8' NC4B =8368:4 4E HE5 CD 4B8 8I8D4 HE5 DE FEDG8= V52FCOH' 5D78= 266FC:2<F8 F2N E=

4B8 342D72=73 2D7 6EFC:C83 EO )E;62DH 2D7 C43 #OOCFC2483' 4E 6=EIC78 /=2D36E=424CED $8=IC:83 E= 4E

E68=248 4B8 a8BC:F8' E= 23 E4B8=NC38 384 OE=4B CD 4BC3 #G=88;8D4S

>?S[ "WW94= 1W !9<?B63=B16S R6ED 48=;CD24CED EO 4B8 #G=88;8D4' HE5 3B2FF9 J2M 6=E;64FH =845=D 4E

)E;62DH 2FF )E;62DH -8IC:83b 2D7 J<M C;;87C248FH 78F848 2D7 O5FFH =8;EI8 4B8 -=CI8= #66

O=E; 2DH EO XE5= -8IC:83S d54342D7CDG 62H;8D4 E<FCG24CED3 2D7 $8:4CED3 >' ?S[' ?SAS[' \S^' \S_'

AS[' ]' ^' `' >@' >>' >?S[' >[' >\ 2D7 >A 3B2FF 35=ICI8 4B8 48=;CD24CED EO 4BC3 #G=88;8D4S

>[S ,983=B16C>B@ 1W =>9 F3<=B9C

>[S> "[49@= 3C 1=>9<7BC9 9[@<9CC8A @<1DB:9: >9<9B6 7B=> <9C@94= =1 #1?@36A 34=B6; 3C =>9 8B?B=9:

@3A?96= 418894=B16 3;96= C1898A W1< =>9 @2<@1C9 1W 418894=B6; @3A?96= W<1? HC9<C 16 A12<X9>38WJ =>9 <983=B16C>B@ X9=7996 =>9 @3<=B9C 26:9< =>BC /;<99?96= BC C1898A =>3= 1W

B6:9@96:96= 416=<34=B6; @3<=B9CE !>9 @3<=B9C 9[@<9CC8A 3;<99 =>3=G T3U =>BC /;<99?96= BC 61=

36 9?@81A?96= 3;<99?96=J 61< :19C B= 4<93=9 36 9?@81A?96= <983=B16C>B@J X9=7996

#1?@36A 36: A12\ 36: TXU 61 Z1B6= D96=2<9J @3<=69<C>B@J 1< 3;964A <983=B16C>B@ 9[BC=C

X9=7996 #1?@36A 36: A12S

>[S? XE5 B2I8 DE 254BE=C4H 4E <CD7 )E;62DH E= C43 #OOCFC2483 2D7 HE5 5D78=42U8 DE4 4E BEF7 HE5=38FO

E54 23 2D 8;6FEH88' 2G8D4 E= 254BE=CT87 =86=838D424CI8 EO )E;62DH E= C43 #OOCFC2483S cB8=8' <H

C;6FC:24CED EO ;2D724E=H F2N E= E4B8=NC38' HE5 ;2H <8 788;87 2D 2G8D4 E= =86=838D424CI8 EO

)E;62DH' HE5 5D78=42U8 2D7 2G=88 4E CD78;DCOH' 78O8D7 J24 )E;62DHW3 E64CEDM 2D7 BEF7

)E;62DH 2D7 C43 #OOCFC2483 B2=;F833 O=E; 2D7 2G2CD34 2DH :F2C;3 <H 2DH 68=3ED E= 8D4C4H <2387ED 35:B C;6FC87 2G8D:H E= =86=838D424CI8 =8F24CED3BC6S

>\S 0BC498836912C !9<?C

>\S> 01:BWB43=B16 S %D 4B8 8I8D4 )E;62DH ;E7COC83 4B8 48=;3 2D7 :ED7C4CED3 EO 4BC3 #G=88;8D4 24

2DH 4C;8' 35:B ;E7COC:24CED3 3B2FF <8 <CD7CDG ED HE5 EDFH 56ED HE5= 2::8642D:8 EO 4B8 ;E7COC87

#G=88;8D4S )E;62DH =838=I83 4B8 =CGB4 4E ;E7COH 2DH CDOE=;24CED =8O8=8D:87 24 BH68=FCDU3

O=E; 4BC3 #G=88;8D4 O=E; 4C;8 4E 4C;8S XE5 B8=8<H 2:UDENF87G8 2D7 2G=88 4B24' <H 53CDG 4B8

R<8= $8=IC:83' E= 7ENDFE27CDG' CD342FFCDG E= 53CDG 4B8 -=CI8= #66' HE5 2=8 <E5D7 <H 2DH O545=8

2;8D7;8D43 2D7 277C4CED3 4E CDOE=;24CED =8O8=8D:87 24 BH68=FCDU3 B8=8CD' E= 7E:5;8D43

CD:E=6E=2487 B8=8CD' CD:F57CDG NC4B =8368:4 4E P2=8 )2F:5F24CED3S )ED4CD587 538 EO 4B8 R<8=

$8=IC:83 E= -=CI8= #66 2O48= 2DH 35:B :B2DG83 3B2FF :ED34C4548 HE5= :ED38D4 4E 35:B :B2DG83S

RDF833 :B2DG83 2=8 ;278 4E 4B8 2=<C4=24CED 6=EIC3CED3 B8=8CD' HE5 2:UDENF87G8 2D7 2G=88 4B24

;E7COC:24CED EO 4BC3 #G=88;8D4 7E83 DE4 :=8248 2 =8D8N87 E66E=45DC4H 4E E64 E54 EO 2=<C4=24CEDS

>\S? +2@@89?96=38 !9<?CS $566F8;8D42F 48=;3 ;2H 266FH 4E HE5= 538 EO 4B8 R<8= $8=IC:83' 35:B 23

538 6EFC:C83 E= 48=;3 =8F2487 4E :8=42CD O8245=83 2D7 O5D:4CED2FC4H' NBC:B ;2H <8 ;E7COC87 O=E;

4C;8 4E 4C;8 JK<*,,4$%$&'-4 =$#%>LMS XE5 ;2H <8 6=838D487 NC4B :8=42CD $566F8;8D42F /8=;3

O=E; 4C;8 4E 4C;8S $566F8;8D42F /8=;3 2=8 CD 277C4CED 4E' 2D7 3B2FF <8 788;87 2 62=4 EO' 4BC3

#G=88;8D4S $566F8;8D42F /8=;3 3B2FF 6=8I2CF EI8= 4BC3 #G=88;8D4 CD 4B8 8I8D4 EO 2 :EDOFC:4S



>\S[ +9D9<3XB8B=AS %O 2DH 6=EIC3CED EO 4BC3 #G=88;8D4 C3 E= <8:E;83 CDI2FC7 E= DED+<CD7CDG' 4B8 62=4C83

3B2FF =8;2CD <E5D7 <H 2FF E4B8= 6=EIC3CED3 B8=8EOS %D 4B24 8I8D4' 4B8 62=4C83 3B2FF =86F2:8 4B8

CDI2FC7 E= DED+<CD7CDG 6=EIC3CED NC4B 6=EIC3CED3 4B24 2=8 I2FC7 2D7 <CD7CDG 2D7 4B24 B2I8' 4E 4B8

G=824834 8Q48D4 6E33C<F8' 2 3C;CF2= 8OO8:4 23 4B8 CDI2FC7 E= DED+<CD7CDG 6=EIC3CED' GCI8D 4B8

:ED48D43 2D7 65=6E38 EO 4BC3 #G=88;8D4S

>\S\ /CCB;6?96=S 18C4B8= 62=4H 3B2FF 233CGD E= 4=2D3O8= 4BC3 #G=88;8D4 E= 2DH EO C43 =CGB43 E=E<FCG24CED3 B8=85D78=' CD NBEF8 E= CD 62=4' NC4BE54 4B8 6=CE= N=C448D :ED38D4 EO 4B8 E4B8= 62=4Hb

6=EIC787 4B24 )E;62DH ;2H 233CGD E= 4=2D3O8= 4BC3 #G=88;8D4 E= 2DH E= 2FF EO C43 =CGB43 E=

E<FCG24CED3 5D78= 4BC3 #G=88;8D4 O=E; 4C;8 4E 4C;8 NC4BE54 :ED38D49 J2M 4E 2D #OOCFC248b E= J<M

4E 2D 2:V5C=8= EO 2FF E= 35<342D4C2FFH 2FF EO )E;62DHW3 <53CD833' 8V5C4H E= 233843S

>\SA "6=B<9 /;<99?96=S /BC3 #G=88;8D4' CD:F57CDG 2FF $566F8;8D42F /8=;3' :ED34C45483 4B8 8D4C=8

2G=88;8D4 2D7 5D78=342D7CDG EO 4B8 62=4C83 NC4B =8368:4 4E C43 35<Z8:4 ;2448= 2D7 =86F2:83 2D7

3568=38783 2FF 6=CE= E= :ED48;6E=2D8E53 2G=88;8D43 E= 5D78=42UCDG3 =8G2=7CDG 35:B 35<Z8:4

;2448=S %D 4BC3 #G=88;8D4' 4B8 NE=73 KCD:F57CDGL 2D7 KCD:F578L ;82D KCD:F57CDG' <54 DE4 FC;C487

4ESL /B8 =8:C42F3 OE=; 2 62=4 EO 4BC3 #G=88;8D4S

>\S] %1 !>B<: F3<=A I969WB4B3<B9CS /B8=8 2=8 DE 4BC=7 62=4H <8D8OC:C2=C83 4E 4BC3 #G=88;8D4' 8Q:864 23

8Q6=833FH 384 OE=4B CD 4B8 #=<C4=24CED ,=EIC3CED CD $8:4CED >AS[S 1E4BCDG :ED42CD87 CD 4BC3

#G=88;8D4 C3 CD48D787 4E E= 3B2FF <8 CD48=6=8487 4E :=8248 2DH 4BC=7+62=4H <8D8OC:C2=H :F2C;3S

>\S^ %1=B49CS #DH DE4C:8 78FCI8=87 <H )E;62DH 4E HE5 5D78= 4BC3 #G=88;8D4 NCFF <8 78FCI8=87 <H

8;2CF 4E 4B8 8;2CF 277=833 233E:C2487 NC4B HE5= 2::E5D4 E= <H 6E34CDG ED 4B8 6E=42F 2I2CF2<F8 4E

HE5 ED 4B8 R<8= $8=IC:83S #DH DE4C:8 78FCI8=87 <H HE5 4E )E;62DH 5D78= 4BC3 #G=88;8D4 NCFF <8

78FCI8=87 <H :ED42:4CDG )E;62DH 24 B4469**62=4D8=3S5<8=S:E; CD 4B8 K)ED42:4 R3L 38:4CEDS

#77C4CED2F /8==C4E=H+368:COC: DE4C:83 ;2H <8 =8V5C=87 O=E; 4C;8 4E 4C;8S

>AS (1D9<6B6; '37\ /<XB=<3=B16

>AS> /B8 :BEC:8 EO F2N 6=EIC3CED3 :ED42CD87 CD 4BC3 $8:4CED >AS> 7E DE4 266FH 4E 4B8 2=<C4=24CED :F2538

:ED42CD87 CD $8:4CED >AS[' 35:B 2=<C4=24CED :F2538 <8CDG GEI8=D87 <H 4B8 P878=2F #=<C4=24CED #:4S

#::E=7CDGFH' 2D7 8Q:864 23 E4B8=NC38 342487 CD $8:4CED >AS[' 4B8 CD48=6=8424CED EO 4BC3

#G=88;8D4 3B2FF <8 GEI8=D87 <H )2FCOE=DC2 F2N' NC4BE54 =8G2=7 4E 4B8 :BEC:8 E= :EDOFC:43 EO F2N

6=EIC3CED3 EO 2DH Z5=C37C:4CEDS #DH 7C365483' 2:4CED3' :F2C;3 E= :25383 EO 2:4CED 2=C3CDG E54 EO E=

CD :EDD8:4CED NC4B 4BC3 #G=88;8D4 E= 4B8 R<8= $8=IC:83 4B24 2=8 DE4 35<Z8:4 4E 4B8 2=<C4=24CED

:F2538 :ED42CD87 CD $8:4CED >AS[ 3B2FF <8 35<Z8:4 4E 4B8 8Q:F53CI8 Z5=C37C:4CED EO 4B8 34248 2D7

O878=2F :E5=43 FE:2487 CD 4B8 )C4H 2D7 )E5D4H EO $2D P=2D:C3:E' )2FCOE=DC2S 0EN8I8=' D8C4B8= 4B8

:BEC:8 EO F2N 6=EIC3CED =8G2=7CDG 4B8 CD48=6=8424CED EO 4BC3 #G=88;8D4 DE= 4B8 OE=5; 38F8:4CED

6=EIC3CED C3 CD48D787 4E :=8248 2DH E4B8= 35<342D4CI8 =CGB4 4E DED+)2FCOE=DC2D3 4E 2338=4 :F2C;3

5D78= )2FCOE=DC2 F2N NB84B8= 4B24 <8 <H 3424548' :E;;ED F2N' E= E4B8=NC38S /B838 6=EIC3CED3'

2D7 8Q:864 23 E4B8=NC38 6=EIC787 CD $8:4CED >AS[' 2=8 EDFH CD48D787 4E 368:COH 4B8 538 EO

)2FCOE=DC2 F2N 4E CD48=6=84 4BC3 #G=88;8D4 2D7 4B8 OE=5; OE= 7C365483 2338=4CDG 2 <=82:B EO 4BC3#G=88;8D4' 2D7 4B838 6=EIC3CED3 3B2FF DE4 <8 CD48=6=8487 23 G8D8=2FFH 8Q48D7CDG )2FCOE=DC2 F2N

4E HE5 CO HE5 7E DE4 E4B8=NC38 =83C78 E= 6=EIC78 38=IC:83 CD )2FCOE=DC2S /B8 OE=8GECDG :BEC:8 EO

F2N 2D7 OE=5; 38F8:4CED 6=EIC3CED3 7E DE4 266FH 4E 4B8 2=<C4=24CED :F2538 CD $8:4CED >AS[ E= 4E

2DH 2=<C4=2<F8 7C365483 23 78OCD87 4B8=8CDS %D34827' 23 783:=C<87 CD $8:4CED >AS[' 4B8 P878=2F

#=<C4=24CED #:4 3B2FF 266FH 4E 2DH 35:B 7C365483S /B8 O2CF5=8 EO )E;62DH 4E 8DOE=:8 2DH =CGB4 E=

6=EIC3CED CD 4BC3 #G=88;8D4 3B2FF DE4 :ED34C4548 2 N2CI8= EO 35:B =CGB4 E= 6=EIC3CED 5DF833



2:UDENF87G87 2D7 2G=887 4E <H R<8= CD N=C4CDGS

>AS? d4B8= 4B2D 7C365483 =8G2=7CDG 4B8 CD48FF8:452F 6=E68=4H =CGB43 EO 4B8 62=4C83 2D7 E4B8= :F2C;3

C78D4COC87 CD $8:4CED >AS[SCC' 2DH 7C365483' 2:4CED3' :F2C;3 E= :25383 EO 2:4CED 2=C3CDG E54 EO E= CD

:EDD8:4CED NC4B 4BC3 #G=88;8D4 E= 4B8 R<8= $8=IC:83 3B2FF <8 35<Z8:4 4E 2=<C4=24CED 65=352D4 4E

$8:4CED >AS[S

PQER /<XB=<3=B16 F<1DBCB16

%;6E=42D4 1E48 "8G2=7CDG 4BC3 #=<C4=24CED ,=EIC3CED9

C &Q:864 23 6=EIC787 <8FEN' 2=<C4=24CED 7E83 DE4 FC;C4 E= 2OO8:4 4B8 F8G2F :F2C;3 HE5 ;2H

<=CDG 2G2CD34 4B8 )E;62DHS #G=88CDG 4E 2=<C4=24CED EDFH 2OO8:43 NB8=8 2DH 35:B :F2C;3

;2H <8 <=E5GB4 2D7 BEN 4B8H NCFF <8 =83EFI87S

C #=<C4=24CED C3 2 6=E:833 EO 6=CI248 7C36548 =83EF54CED 4B24 7E83 DE4 CDIEFI8 4B8 :CICF

:E5=43' 2 :CICF Z57G8' E= 2 Z5=HS %D34827' 4B8 62=4C83W 7C36548 C3 78:C787 <H 2 6=CI2482=<C4=24E= 38F8:487 <H 4B8 62=4C83 53CDG 4B8 6=E:833 384 OE=4B B8=8CDS d4B8= 2=<C4=24CED

=5F83 2D7 6=E:875=83 2=8 2F3E 384 OE=4B B8=8CDS

C RDF833 4B8 F2N =8V5C=83 E4B8=NC38' 23 7848=;CD87 <H 4B8 #=<C4=24E= <2387 56ED 4B8

:C=:5;342D:83 6=838D487' HE5 NCFF <8 =8V5C=87 4E 36FC4 4B8 :E34 EO 2DH 2=<C4=24CED NC4B

4B8 )E;62DHS

C %.,d"/#1/9 /BC3 #=<C4=24CED ,=EIC3CED NCFF =8V5C=8 HE5 4E =83EFI8

2DH :F2C; 4B24 HE5 ;2H B2I8 2G2CD34 4B8 )E;62DH E= R<8= ED 2D

CD7CIC752F <23C3' 8Q:864 23 6=EIC787 <8FEN' 65=352D4 4E 4B8 48=;3 EO

4B8 #G=88;8D4 5DF833 HE5 :BEE38 4E E64 E54 EO 4B8 #=<C4=24CED

,=EIC3CEDS &Q:864 23 6=EIC787 <8FEN' 4BC3 6=EIC3CED NCFF 6=8:F578 HE5

O=E; <=CDGCDG 2DH :F233' :EFF8:4CI8' E= =86=838D424CI8 2:4CED JE4B8=

4B2D 2:4CED3 5D78= 4B8 ,=CI248 #44E=D8H3 h8D8=2F #:4 EO ?@@\

JK,#h#LM' )2FCOE=DC2 (2<E= )E78 m ?]`_ 84 38VS JK,#h#LMM 2G2CD34 4B8

)E;62DH E= R<8=' 2D7 2F3E 6=8:F5783 HE5 O=E; 62=4C:C624CDG CD E=

=8:EI8=CDG =8FC8O 5D78= 2DH :5==8D4 E= O545=8 :F233' :EFF8:4CI8' E=

=86=838D424CI8 JDED+,#h#M 2:4CED <=E5GB4 2G2CD34 4B8 )E;62DH E=

R<8= <H 3E;8ED8 8F38S

$ !"#$# &"'$ ($$) *+,$- "."+)#/ !012")3 04 5($4 ")- 1"3 ($

*+,$- +) /&$ *6/64$ +)'0,'+). 7,"+1# (3 6#$4# 0* /&$ 8$4'+7$9

+)7,6-+). (3 -4+'$4#: ;06 #&06,- "##61$ /&"/ /&$4$ "4$ )0<9

")- 1"3 ($ +) /&$ *6/64$9 ,"<#6+/# "."+)#/ /&$ !012")3 04

5($4 ",,$.+). 7,"##9 70,,$7/+'$9 ")-=04 4$24$#$)/"/+'$ >)0)?



@ABAC 7,"+1# 0) 3064 ($&",*9 +)7,6-+). (6/ )0/ ,+1+/$- /0

7,"+1# *04 /+2#9 4$+1(64#$1$)/ 0* $D2$)#$#9 ")- $12,031$)/

#/"/6#: 867& 7,"+1#9 +* #677$##*6,9 706,- 4$#6,/ +) #01$

10)$/"43 4$70'$43 /0 306: >EFG8G !A8G8 HIJ KH!L5MG9 NIO

GPAQ@LG9 ;5!G8I; GE AL: R: 5SGO EG!FHILIBKG89 KH!:9 GE AL:9 !A8G HI: TUVW?!R?XXYZY>HIOEFGOH MK8EOK!E IN

!ALKNIOHKAC[ KH OG 5SGO N!OA LKEKBAEKIH9 !A8G HI: V\?!R?

XWYXX?GQ! >HIOEFGOH MK8EOK!E IN !ALKNIOHKAC[ AHM

I]!IHHIO R: 5SGO EG!FHILIBKG89 KH!:9 GE AL:9 !A8G HI:

!R VT?XT^YZ?GQ! >HIOEFGOH MK8EOK!E IN !ALKNIOHKAC:E&$

70)/"7/ +)*041"/+0) *04 2,"+)/+**#] 706)#$, +) /&$ I]!0))04

1"//$4 +# "# *0,,0<#U 8&"))0) L+##?O+04-")9 L+7&/$) _ L+##?

O+04-")9 @:!:9 VXX !"1(4+-.$ 8/4$$/9 YX/& N,0049 S0#/0)9 QA

XYVV\9 E$,$2&0)$U >ZV`C aa\?W^XX9 N"DU >ZV`C aa\?W^XV9$1"+,U #,+##b,,4,"<:701:C

$ !>9 ?9<9 9[BC=9649 1W C24> 483CCJ 418894=BD9J 36:^1<

<9@<9C96=3=BD9 837C2B=CJ >179D9<J :19C 61= ?936 =>3= C24>

837C2B=C 7B88 28=B?3=98A C24499:E I2= BW A12 :1 3;<99 =1

3<XB=<3=B16 7B=> =>9 #1?@36AJ A12 3<9 3;<99B6; B6 3:D3649J

9[49@= 3C 1=>9<7BC9 @<1DB:9:J =>3= A12 7B88 61= @3<=B4B@3=9 B6

36:J =>9<9W1<9J 7B88 61= C995 =1 <941D9< ?169=3<A 1< 1=>9<

<98B9W 26:9< 36A C24> 483CCJ 418894=BD9J 36:^1< <9@<9C96=3=BD9

T616_F/(/U 837C2B=J 9[49@= 3C @<1DB:9: X9817E

$ $179D9<J 3C :BC42CC9: 3X1D9 36: 9[49@= 3C @<1DB:9: X9817J

BW A12 3;<99 =1 3<XB=<3=B16J A12 7B88 61= X9 @<9482:9: W<1?

X<B6;B6; A12< 483B?C 3;3B6C= =>9 #1?@36A 1< HX9< B6 36

B6:BDB:238 3<XB=<3=B16 @<1499:B6;E .W C2449CCW28 16 C24> 483B?CJ

A12 4128: X9 373<:9: ?169A 1< 1=>9< <98B9W XA 36 3<XB=<3=1<

TC2XZ94= =1 C@8B==B6; =>9 41C= 1W 3<XB=<3=B16 3C ?96=B169:

3X1D9UE

M$"!$", !& /(,"" !& /,I.!,/!.&% .+ /% .0F&,!/%! IH+.%"++ K"#.+.&%E

.! .+ )&H, K"#.+.&% !& 0/S"J /%K )&H +$&H'K %&! ,"') +&'"') HF&% !$"

.%L&,0/!.&% F,&-.K"K .% !$.+ /(,""0"%! /+ .! .+ %&! .%!"%K"K !&

#&%!/.% / #&0F'"!" "OF'/%/!.&% &L !$" #&%+"NH"%#"+ &L

/,I.!,/!.&%E )&H +$&H'K !/S" ,"/+&%/I'" +!"F+ !& #&%KH#! LH,!$",



,"+"/,#$ /%K !& #&%+H'! M.!$ &!$",+ ` .%#'HK.%( IH! %&! '.0.!"K !&

/% /!!&,%") ` ,"(/,K.%( !$" #&%+"NH"%#"+ &L )&H, K"#.+.&%J VH+! /+

)&H M&H'K M$"% 0/S.%( /%) &!$", .0F&,!/%! IH+.%"++ &, '.L"

K"#.+.&%E

CS 0EN /BC3 #=<C4=24CED ,=EIC3CED #66FC83S

/BC3 #=<C4=24CED ,=EIC3CED C3 GEI8=D87 <H 4B8 P878=2F #=<C4=24CED #:4' ` RS$S)S m > 84 38VS J4B8 KP##LM 2D7

8IC78D:83 2 4=2D32:4CED CDIEFICDG CD48=34248 :E;;8=:8S /BC3 #=<C4=24CED ,=EIC3CED 266FC83 4E 2DH 7C36548

2=C3CDG E54 EO E= =8F2487 4E 4BC3 #G=88;8D4 E= 48=;CD24CED EO 4B8 #G=88;8D4 2D7 35=ICI83 2O48= 4B8

#G=88;8D4 48=;CD2483S 1E4BCDG :ED42CD87 CD 4BC3 #=<C4=24CED ,=EIC3CED 3B2FF <8 :ED34=587 4E 6=8I8D4 E=

8Q:538 HE5 O=E; 54CFCTCDG 2DH CDOE=;2F 6=E:875=8 OE= =83EF54CED EO :E;6F2CD43 8342<FC3B87 CD 4BC3

#G=88;8D4 JCO 2DHM' 2D7 4BC3 #=<C4=24CED ,=EIC3CED C3 DE4 CD48D787 4E <8 2 35<34C4548 OE= 4B8 54CFCT24CED EO

35:B 6=E:875=83S

"[49@= 3C B= 1=>9<7BC9 @<1DB:9CJ =>BC /<XB=<3=B16 F<1DBCB16 BC B6=96:9: =1 3@@8A =1 =>9 <9C182=B16 1W

:BC@2=9C =>3= 1=>9<7BC9 7128: X9 <9C18D9: B6 3 412<= 1W 837 1< X9W1<9 36A W1<2? 1=>9< =>363<XB=<3=B16J 7B=> =>9 9[49@=B16 1W @<1499:B6;C =>3= ?2C= X9 9[>32C=9: 26:9< 3@@8B43X89 837 X9W1<9

@2<C2B6; 3 483B? B6 3 412<= 1W 837 1< B6 36A W1<2? 1=>9< =>36 3<XB=<3=B16E "[49@= 3C B= 1=>9<7BC9

@<1DB:9CJ =>BC /<XB=<3=B16 F<1DBCB16 <9Y2B<9C 388 C24> :BC@2=9C =1 X9 <9C18D9: 168A XA 36 3<XB=<3=1<

=><12;> WB638 36: XB6:B6; 3<XB=<3=B16 16 36 B6:BDB:238 X3CBC 168A 36: 61= XA 73A 1W 412<= 1< Z2<A =<B38J

1< XA 73A 1W 483CCJ 418894=BD9J 1< <9@<9C96=3=BD9 34=B16E

&Q:864 23 6=EIC787 CD $8:4CED >AS[JIM' <8FEN' =8G2=7CDG 4B8 )F233 #:4CED c2CI8=' 35:B 7C365483 CD:F578

NC4BE54 FC;C424CED 7C365483 2=C3CDG E54 EO E= =8F24CDG 4E CD48=6=8424CED E= 266FC:24CED EO 4BC3 #=<C4=24CED

,=EIC3CED' CD:F57CDG 4B8 8DOE=:82<CFC4H' =8IE:2<CFC4H E= I2FC7C4H EO 4B8 #=<C4=24CED ,=EIC3CED E= 2DH 6E=4CED

EO 4B8 #=<C4=24CED ,=EIC3CEDS #FF 35:B ;2448=3 3B2FF <8 78:C787 <H 2D #=<C4=24E= 2D7 DE4 <H 2 :E5=4 E=

Z57G8S 0EN8I8=' 23 384 OE=4B <8FEN' 4B8 6=8:87CDG 38D48D:83 3B2FF DE4 266FH 4E 7C365483 =8F24CDG 4E 4B8CD48=6=8424CED E= 266FC:24CED EO 4B8 )F233 #:4CED c2CI8= E= ,#h# c2CI8= <8FEN' CD:F57CDG 4B8C=

8DOE=:82<CFC4H' =8IE:2<CFC4H E= I2FC7C4HS

&Q:864 23 C4 E4B8=NC38 6=EIC783' 4BC3 #=<C4=24CED ,=EIC3CED 2F3E 266FC83' NC4BE54 FC;C424CED' 4E 2FF 7C365483

<84N88D XE5 2D7 4B8 )E;62DH E= R<8=' 23 N8FF 23 2FF 7C365483 <84N88D XE5 2D7 4B8 )E;62DHW3 E=

R<8=W3 OC75:C2=C83' 27;CDC34=24E=3' 2OOCFC2483' 35<3C7C2=C83' 62=8D43' 2D7 2FF 35::833E=3 2D7 233CGD3 EO 2DH

EO 4B8;' CD:F57CDG <54 DE4 FC;C487 4E 2DH 7C365483 2=C3CDG E54 EO E= =8F2487 4E 4BC3 #G=88;8D4 2D7

7C365483 2=C3CDG E54 EO E= =8F2487 4E HE5= =8F24CED3BC6 NC4B 4B8 )E;62DH' CD:F57CDG 48=;CD24CED EO 4B8

=8F24CED3BC6S /BC3 #=<C4=24CED ,=EIC3CED 2F3E 266FC83' NC4BE54 FC;C424CED' 4E 7C365483 =8G2=7CDG 2DH :C4H'

:E5D4H' 34248 E= O878=2F N2G8+BE5= F2N' 4=278 38:=843' 5DO2C= :E;684C4CED' :E;68D324CED' <=82U3 2D7

=834 68=CE73' 8Q68D38 =8C;<5=38;8D4' 48=;CD24CED' B2=233;8D4 2D7 :F2C;3 2=C3CDG 5D78= 4B8 RDCOE=;/=278 $8:=843 #:4' )CICF "CGB43 #:4 EO >`]\' #;8=C:2D3 cC4B -C32<CFC4C83 #:4' #G8 -C3:=C;CD24CED CD

&;6FEH;8D4 #:4' P2;CFH .87C:2F (82I8 #:4' P2C= (2<E= $42D72=73 #:4' &;6FEH88 "84C=8;8D4 %D:E;8

$8:5=C4H #:4 J8Q:864 OE= CD7CIC752F :F2C;3 OE= 8;6FEH88 <8D8OC43 5D78= 2DH <8D8OC4 6F2D 36ED3E=87 <H 4B8

)E;62DH 2D7 :EI8=87 <H 4B8 &;6FEH88 "84C=8;8D4 %D:E;8 $8:5=C4H #:4 EO >`^\ E= O5D787 <H

CD35=2D:8M' h8D84C: %DOE=;24CED 1ED+-C3:=C;CD24CED #:4' 2D7 34248 34245483' CO 2DH' 277=833CDG 4B8 32;8

E= 3C;CF2= 35<Z8:4 ;2448=3' 2D7 2FF E4B8= 3C;CF2= O878=2F 2D7 34248 342454E=H 2D7 :E;;ED F2N :F2C;3S



/BC3 #G=88;8D4 C3 CD48D787 4E =8V5C=8 2=<C4=24CED EO 8I8=H :F2C; E= 7C36548 4B24 F2NO5FFH :2D <8

2=<C4=2487' 8Q:864 OE= 4BE38 :F2C;3 2D7 7C365483 NBC:B <H 4B8 48=;3 EO 4BC3 #G=88;8D4 2=8 8Q6=833FH

8Q:F5787 O=E; 4B8 #=<C4=24CED ,=EIC3CEDS

R<8= /8:BDEFEGC83' %D:S C3 2D CD48D787' 4BC=7 62=4H <8D8OC:C2=H EO 4BC3 #G=88;8D4S

CCS (C;C424CED3 dD 0EN /BC3 #G=88;8D4 #66FC83S

/B8 7C365483 2D7 :F2C;3 384 OE=4B <8FEN 3B2FF DE4 <8 35<Z8:4 4E 2=<C4=24CED 2D7 4B8 =8V5C=8;8D4 4E

2=<C4=248 384 OE=4B CD 4BC3 #=<C4=24CED ,=EIC3CED 3B2FF DE4 266FH9

# =86=838D424CI8 2:4CED <=E5GB4 ED <8B2FO EO E4B8=3 5D78= 4B8 ,=CI248 #44E=D8H3 h8D8=2F #:4 EO ?@@\

JK,#h#LM' )2FCOE=DC2 (2<E= )E78 m ?]`_ 84 38VS' 4E 4B8 8Q48D4 N2CI8= EO 35:B 2 :F2C; C3 788;87

5D8DOE=:82<F8 <H 2 :E5=4 EO :E;6848D4 Z5=C37C:4CEDb

)F2C;3 OE= NE=U8=3 :E;68D324CED' 34248 7C32<CFC4H CD35=2D:8 2D7 5D8;6FEH;8D4 CD35=2D:8 <8D8OC43b

"8G2=7F833 EO 2DH E4B8= 48=;3 EO 4BC3 #G=88;8D4' DE4BCDG 6=8I8D43 HE5 O=E; ;2UCDG 2 =86E=4 4E E= OCFCDG

2 :F2C; E= :B2=G8 NC4B 4B8 &V52F &;6FEH;8D4 d66E=45DC4H )E;;C33CED' RS$S -862=4;8D4 EO (2<E='

$8:5=C4C83 &Q:B2DG8 )E;;C33CED' 124CED2F (2<E= "8F24CED3 fE2=7' E= dOOC:8 EO P878=2F )ED4=2:4

)E;6FC2D:8 ,=EG=2;3' 2D7 DE4BCDG CD 4BC3 #G=88;8D4 E= #=<C4=24CED ,=EIC3CED 6=8I8D43 4B8 CDI834CG24CED

<H 2 GEI8=D;8D4 2G8D:H EO 2DH =86E=4' :F2C; E= :B2=G8 E4B8=NC38 :EI8=87 <H 4BC3 #=<C4=24CED ,=EIC3CEDS

1E4BCDG CD 4BC3 #=<C4=24CED ,=EIC3CED 3B2FF <8 788;87 4E 6=8:F578 E= 8Q:538 2 62=4H O=E; <=CDGCDG 2D

27;CDC34=24CI8 :F2C; <8OE=8 2DH 2G8D:H CD E=78= 4E O5FOCFF 4B8 62=4He3 E<FCG24CED 4E 8QB2534 27;CDC34=24CI8

=8;87C83 <8OE=8 ;2UCDG 2 :F2C; CD 2=<C4=24CEDb

-C365483 4B24 ;2H DE4 <8 35<Z8:4 4E 2 6=87C36548 2=<C4=24CED 2G=88;8D4 65=352D4 4E 266FC:2<F8 P878=2F

F2N E= &Q8:54CI8 d=78= 2=8 8Q:F5787 O=E; 4B8 :EI8=2G8 EO 4BC3 #=<C4=24CED ,=EIC3CEDb

-C365483 =8G2=7CDG HE5=' 4B8 )E;62DHW3' E= R<8=W3 CD48FF8:452F 6=E68=4H =CGB43b

/BC3 #=<C4=24CED ,=EIC3CED 3B2FF DE4 <8 :ED34=587 4E =8V5C=8 4B8 2=<C4=24CED EO 2DH :F2C;3 2G2CD34 2:ED4=2:4E= 4B24 ;2H DE4 <8 4B8 35<Z8:4 EO 2 ;2D724E=H 2=<C4=24CED 2G=88;8D4 23 6=EIC787 <H 38:4CED

_>>] EO 4B8 -862=4;8D4 EO -8O8D38 Jg-E-gM #66=E6=C24CED3 #:4 OE= PC3:2F X82= ?@>@ J,5<S (S >>>+>>_M'

38:4CED _>@? EO 4B8 -862=4;8D4 EO -8O8D38 Jg-E-gM #66=E6=C24CED3 #:4 OE= PC3:2F X82= ?@>> J,5<S (S >>?+

>@' -CIC3CED #M' 2D7 4B8C= C;6F8;8D4CDG =8G5F24CED3' E= 2DH 35::833E= -E- 266=E6=C24CED3 2:4 277=833CDG

4B8 2=<C4=2<CFC4H EO :F2C;3S

CCCS $8F8:4CDG /B8 #=<C4=24E= 2D7 (E:24CED EO 4B8 #=<C4=24CEDS

/B8 #=<C4=24E= 3B2FF <8 38F8:487 <H ;5452F 2G=88;8D4 EO 4B8 )E;62DH 2D7 HE5S RDF833 HE5 2D7 4B8

)E;62DH ;5452FFH 2G=88 E4B8=NC38' 4B8 #=<C4=24E= 3B2FF <8 2D 244E=D8H FC:8D387 4E 6=2:4C:8 CD 4B8

FE:24CED NB8=8 4B8 2=<C4=24CED 6=E:887CDG NCFF <8 :ED75:487 E= 2 =84C=87 O878=2F E= 34248 Z57C:C2F EOOC:8=NBE 6=83C787 CD 4B8 Z5=C37C:4CED NB8=8 4B8 2=<C4=24CED NCFF <8 :ED75:487S %O 4B8 ,2=4C83 :2DDE4 2G=88 ED

2D #=<C4=24E=' 4B8D 2D 2=<C4=24E= NCFF <8 38F8:487 53CDG 4B8 2F48=D248 34=CU8 ;84BE7 O=E; 2 FC34 EO OCI8 JAM

D854=2F 2=<C4=24E=3 6=EIC787 <H l#.$ Jl57C:C2F #=<C4=24CED n .87C24CED $8=IC:83MS XE5 NCFF B2I8 4B8

E64CED EO ;2UCDG 4B8 OC=34 34=CU8S %O 2 l#.$ 2=<C4=24E= C3 5387' 4B8D 4B8 l#.$ $4=82;FCD87 #=<C4=24CED

"5F83 n ,=E:875=83 =5F83 NCFF 266FHb BEN8I8=' CO 4B8=8 C3 2 :EDOFC:4 <84N88D 4B8 l#.$ "5F83 2D7 4BC3

#G=88;8D4' 4BC3 #G=88;8D4 3B2FF GEI8=DS /BE38 =5F83 2=8 2I2CF2<F8 B8=89



B4469**NNNSZ2;327=S:E;*=5F83+34=82;FCD87+2=<C4=24CED*

/B8 FE:24CED EO 4B8 2=<C4=24CED 6=E:887CDG 3B2FF <8 DE ;E=8 4B2D \A ;CF83 O=E; 4B8 6F2:8 NB8=8 HE5 F234

6=EIC787 4=2D36E=424CED 38=IC:83 5D78= 4BC3 #G=88;8D4' 5DF833 82:B 62=4H 4E 4B8 2=<C4=24CED 2G=883 CD

N=C4CDG E4B8=NC38S

CIS $42=4CDG /B8 #=<C4=24CEDS

#FF :F2C;3 CD 2=<C4=24CED 2=8 35<Z8:4 4E 4B8 32;8 34245483 EO FC;C424CED 4B24 NE5F7 266FH CD :E5=4S /B8

62=4H <=CDGCDG 4B8 :F2C; ;534 78;2D7 2=<C4=24CED CD N=C4CDG 2D7 78FCI8= 4B8 N=C448D 78;2D7 <H B2D7 E=

OC=34 :F233 ;2CF 4E 4B8 E4B8= 62=4H NC4BCD 4B8 266FC:2<F8 3424548 EO FC;C424CED3 68=CE7S /B8 78;2D7 OE=

2=<C4=24CED 3B2FF CD:F578 C78D4COC:24CED EO 4B8 ,2=4C83' 2 34248;8D4 EO 4B8 F8G2F 2D7 O2:452F <23C3 EO 4B8

:F2C;J3M' 2D7 2 368:COC:24CED EO 4B8 =8;87H 3E5GB4S #DH 78;2D7 OE= 2=<C4=24CED ;278 4E 4B8 )E;62DH E=

R<8= 3B2FF <8 6=EIC787 4E (8G2F' "23C8=' (()' >\AA .2=U84 $4S' $48S \@@' $2D P=2D:C3:E )# `\>@[S /B8

2=<C4=24E= 3B2FF =83EFI8 2FF 7C365483 =8G2=7CDG 4B8 4C;8FCD833 E= 6=E6=C84H EO 4B8 78;2D7 OE= 2=<C4=24CEDS

# 62=4H ;2H 266FH 4E 2 :E5=4 EO :E;6848D4 Z5=C37C:4CED OE= 48;6E=2=H E= 6=8FC;CD2=H CDZ5D:4CI8 =8FC8O CD

:EDD8:4CED NC4B 2D 2=<C4=2<F8 :ED4=EI8=3H' <54 EDFH 56ED 4B8 G=E5D7 4B24 4B8 2N2=7 4E NBC:B 4B24 62=4H

;2H <8 8D4C4F87 ;2H <8 =8D78=87 CD8OO8:452F NC4BE54 35:B 6=EIC3CED2F =8FC8OS

IS 0EN #=<C4=24CED ,=E:887CDG3 #=8 )ED75:487S

%D 2=<C4=24CED' 4B8 ,2=4C83 NCFF B2I8 4B8 =CGB4 4E :ED75:4 278V5248 :CICF 7C3:EI8=H' <=CDG 7C36E3C4CI8

;E4CED3' 2D7 6=838D4 NC4D83383 2D7 8IC78D:8 23 D88787 4E 6=838D4 4B8C= :2383 2D7 78O8D383' 2D7 2DH

7C365483 CD 4BC3 =8G2=7 3B2FF <8 =83EFI87 <H 4B8 #=<C4=24E=S

)12 36: =>9 #1?@36A 3;<99 =1 <9C18D9 36A :BC@2=9 =>3= BC B6 3<XB=<3=B16 16 36 B6:BDB:238 X3CBC 168AJ

36: 61= 16 3 483CCJ 418894=BD9 34=B16J 1< <9@<9C96=3=BD9 X3CBC Ta#83CC /4=B16 M3BD9<bUE !>9 /<XB=<3=1<

C>388 >3D9 61 32=>1<B=A =1 416CB:9< 1< <9C18D9 36A 483B? 1< BCC29 36A <98B9W 16 36A X3CBC 1=>9< =>36 36

B6:BDB:238 X3CBCS !>9 /<XB=<3=1< C>388 >3D9 61 32=>1<B=A =1 416CB:9< 1< <9C18D9 36A 483B? 1< BCC29 36A

<98B9W 16 3 483CCJ 418894=BD9J 1< <9@<9C96=3=BD9 X3CBCE 1E4NC4B342D7CDG 2DH E4B8= 6=EIC3CED EO 4BC3

#G=88;8D4' 4B8 #=<C4=24CED ,=EIC3CED E= 4B8 l#.$ $4=82;FCD87 #=<C4=24CED "5F83 n ,=E:875=83' 7C365483

=8G2=7CDG 4B8 8DOE=:82<CFC4H' =8IE:2<CFC4H E= I2FC7C4H EO 4B8 )F233 #:4CED c2CI8= ;2H <8 =83EFI87 EDFH <H 2

:CICF :E5=4 EO :E;6848D4 Z5=C37C:4CED 2D7 DE4 <H 2D 2=<C4=24E=S %D 2DH :238 CD NBC:B J>M 4B8 7C36548 C3 OCF87

23 2 :F233' :EFF8:4CI8' E= =86=838D424CI8 2:4CED 2D7 J?M 4B8=8 C3 2 OCD2F Z57C:C2F 7848=;CD24CED 4B24 2FF E=

62=4 EO 4B8 )F233 #:4CED c2CI8= 5D8DOE=:82<F8' 4B8 :F233' :EFF8:4CI8' 2D7*E= =86=838D424CI8 2:4CED 4E 4B24

8Q48D4 ;534 <8 FC4CG2487 CD 2 :CICF :E5=4 EO :E;6848D4 Z5=C37C:4CED' <54 4B8 6E=4CED EO 4B8 )F233 #:4CED

c2CI8= 4B24 C3 8DOE=:82<F8 3B2FF <8 8DOE=:87 CD 2=<C4=24CEDS

cBCF8 4B8 )E;62DH NCFF DE4 42U8 2DH =842FC24E=H 2:4CED CD =836ED38 4E 2DH 8Q8=:C38 EO =CGB43 HE5 ;2H

B2I8 5D78= $8:4CED ̂ EO 4B8 124CED2F (2<E= "8F24CED3 #:4' CO 2DH' 4B8 )E;62DH 3B2FF DE4 <8 6=8:F5787

O=E; ;EICDG 4E 8DOE=:8 C43 =CGB43 5D78= 4B8 P## 4E :E;68F 2=<C4=24CED ED 4B8 48=;3 2D7 :ED7C4CED3 384OE=4B CD 4BC3 #G=88;8D4S

F<BD3=9 /==1<69AC (969<38 /4=S

1E4NC4B342D7CDG 2DH E4B8= 6=EIC3CED EO 4BC3 #G=88;8D4 E= 4B8 #=<C4=24CED ,=EIC3CED' 4E 4B8 8Q48D4

68=;C4487 <H F2N' J>M )12 36: #1?@36A 3;<99 61= =1 X<B6; 3 <9@<9C96=3=BD9 34=B16 16 X9>38W 1W 1=>9<C

26:9< =>9 F<BD3=9 /==1<69AC (969<38 /4= 1W cdde TaF/(/bUJ #38BW1<6B3 '3X1< #1:9 f cghi 9= C9YEJ B6 36A

412<= 1< B6 3<XB=<3=B16' 2D7 J?M OE= 2DH :F2C; <=E5GB4 ED 2 6=CI248 244E=D8H G8D8=2F <23C3oCS8S' NB8=8



HE5 2=8 388UCDG 4E 65=358 2 :F2C; ED <8B2FO EO 2 GEI8=D;8D4 8D4C4Ho<E4B HE5 2D7 )E;62DH 2G=88 4B24

2DH 35:B 7C36548 3B2FF <8 =83EFI87 CD 2=<C4=24CED ED 2D CD7CIC752F <23C3 EDFH JCS8S' 4E =83EFI8 NB84B8= HE5

B2I8 68=3ED2FFH <88D 2GG=C8I87 E= 35<Z8:4 4E 2DH ICEF24CED3 EO F2NM' 2D7 4B24 35:B 2D 2:4CED ;2H DE4 <8

5387 4E =83EFI8 4B8 :F2C;3 E= =CGB43 EO E4B8= CD7CIC752F3 CD 2 3CDGF8 E= :EFF8:4CI8 6=E:887CDG JCS8S' 4E

=83EFI8 NB84B8= E4B8= CD7CIC752F3 B2I8 <88D 2GG=C8I87 E= 35<Z8:4 4E 2DH ICEF24CED3 EO F2NM JK,#h#

c2CI8=LMS 1E4NC4B342D7CDG 2DH E4B8= 6=EIC3CED EO 4BC3 #G=88;8D4 E= 4B8 #=<C4=24CED ,=EIC3CED' 4B8I2FC7C4H EO 4B8 ,#h# c2CI8= ;2H <8 =83EFI87 EDFH <H 2 :CICF :E5=4 EO :E;6848D4 Z5=C37C:4CED 2D7 DE4 <H 2D

2=<C4=24E=S %O 2DH 6=EIC3CED EO 4B8 ,#h# c2CI8= C3 OE5D7 4E <8 5D8DOE=:82<F8 E= 5DF2NO5F OE= 2DH =823ED'

J>M 4B8 5D8DOE=:82<F8 6=EIC3CED 3B2FF <8 38I8=87 O=E; 4BC3 #G=88;8D4b J?M 38I8=2D:8 EO 4B8

5D8DOE=:82<F8 6=EIC3CED 3B2FF B2I8 DE C;62:4 NB243E8I8= ED 4B8 #=<C4=24CED ,=EIC3CED E= 4B8 ,2=4C83W

2448;64 4E 2=<C4=248 2DH =8;2CDCDG :F2C;3 ED 2D CD7CIC752F <23C3 65=352D4 4E 4B8 #=<C4=24CED ,=EIC3CEDb

2D7 J[M 2DH =86=838D424CI8 2:4CED <=E5GB4 5D78= ,#h# ED <8B2FO EO E4B8=3 ;534 <8 FC4CG2487 CD 2 :CICF

:E5=4 EO :E;6848D4 Z5=C37C:4CED 2D7 DE4 CD 2=<C4=24CEDS /E 4B8 8Q48D4 4B24 4B8=8 2=8 2DH :F2C;3 4E <8

FC4CG2487 CD 2 :CICF :E5=4 EO :E;6848D4 Z5=C37C:4CED <8:2538 2 :CICF :E5=4 EO :E;6848D4 Z5=C37C:4CED

7848=;CD83 4B24 4B8 ,#h# c2CI8= C3 5D8DOE=:82<F8 NC4B =8368:4 4E 4BE38 :F2C;3' 4B8 ,2=4C83 2G=88 4B24

FC4CG24CED EO 4BE38 :F2C;3 3B2FF <8 342H87 68D7CDG 4B8 E54:E;8 EO 2DH CD7CIC752F :F2C;3 CD 2=<C4=24CEDS

ICS ,2HCDG PE= /B8 #=<C4=24CEDS

&2:B 62=4H NCFF 62H 4B8 O883 OE= BC3' B8= E= C43 END 244E=D8H3' 35<Z8:4 4E 2DH =8;87C83 4E NBC:B 4B24 62=4H

;2H F248= <8 8D4C4F87 5D78= 266FC:2<F8 F2N JCS8S' 2 62=4H 6=8I2CF3 ED 2 :F2C; 4B24 6=EIC783 OE= 4B8 2N2=7 EO

=823ED2<F8 244E=D8H O883 4E 4B8 6=8I2CFCDG 62=4HMS %D 2FF :2383 NB8=8 =8V5C=87 <H F2N' 4B8 )E;62DH NCFF

62H 4B8 #=<C4=24E=e3 2D7 2=<C4=24CED O883S %O 5D78= 266FC:2<F8 F2N 4B8 )E;62DH C3 DE4 =8V5C=87 4E 62H 2FF

EO 4B8 #=<C4=24E=W3 2D7*E= 2=<C4=24CED O883' 35:B O88J3M NCFF <8 266E=4CED87 8V52FFH <84N88D 4B8 ,2=4C83

E= 23 E4B8=NC38 =8V5C=87 <H 266FC:2<F8 F2NS 0EN8I8=' HE5 NCFF DE4 <8 =8V5C=87 4E <82= 2DH 4H68 EO O88 E=

8Q68D38 4B24 HE5 NE5F7 DE4 <8 =8V5C=87 4E <82= CO HE5 B27 OCF87 4B8 2:4CED CD 2 :E5=4 EO F2NS #DH

7C365483 CD 4B24 =8G2=7 NCFF <8 =83EFI87 <H 4B8 #=<C4=24E= 23 3EED 23 6=2:4C:2<F8 2O48= 4B8 #=<C4=24E= C3

38F8:487' 2D7 )E;62DH 3B2FF <82= 2FF EO 4B8 #=<C4=24E=W3 2D7 2=<C4=24CED O883 5D4CF 35:B 4C;8 23 4B8#=<C4=24E= =83EFI83 2DH 35:B 7C36548S

ICCS /B8 #=<C4=24CED 082=CDG #D7 #N2=7S

/B8 ,2=4C83 NCFF 2=<C4=248 4B8C= 7C36548 <8OE=8 4B8 #=<C4=24E=' NBE 3B2FF :EDO8= NC4B 4B8 ,2=4C83 =8G2=7CDG

4B8 :ED75:4 EO 4B8 B82=CDG 2D7 =83EFI8 2DH 7C365483 4B8 ,2=4C83 ;2H B2I8 CD 4B24 =8G2=7S cC4BCD [@ 72H3

EO 4B8 :FE38 EO 4B8 2=<C4=24CED B82=CDG' E= NC4BCD 2 FEDG8= 68=CE7 EO 4C;8 23 2G=887 4E <H 4B8 ,2=4C83 E= 23

E=78=87 <H 4B8 #=<C4=24E=' 2DH 62=4H NCFF B2I8 4B8 =CGB4 4E 6=862=8' 38=I8 ED 4B8 E4B8= 62=4H 2D7 OCF8 NC4B

4B8 #=<C4=24E= 2 <=C8OS /B8 #=<C4=24E= ;2H 2N2=7 2DH 62=4H 2DH =8;87H 4E NBC:B 4B24 62=4H C3 8D4C4F87

5D78= 266FC:2<F8 F2N' <54 35:B =8;87C83 3B2FF <8 FC;C487 4E 4BE38 4B24 NE5F7 <8 2I2CF2<F8 4E 2 62=4H CD

BC3 E= B8= CD7CIC752F :262:C4H CD 2 :E5=4 EO F2N OE= 4B8 :F2C;3 6=838D487 4E 2D7 78:C787 <H 4B8 #=<C4=24E='2D7 DE =8;87C83 4B24 E4B8=NC38 NE5F7 <8 2I2CF2<F8 4E 2D CD7CIC752F CD 2 :E5=4 EO F2N NCFF <8 OE=O8C487 <H

IC=458 EO 4BC3 #=<C4=24CED ,=EIC3CEDS /B8 #=<C4=24E= NCFF C3358 2 78:C3CED E= 2N2=7 CD N=C4CDG' 3424CDG 4B8

8338D4C2F OCD7CDG3 EO O2:4 2D7 :ED:F53CED3 EO F2NS # :E5=4 EO :E;6848D4 Z5=C37C:4CED 3B2FF B2I8 4B8

254BE=C4H 4E 8D48= 2 Z57G;8D4 56ED 4B8 2N2=7 ;278 65=352D4 4E 4B8 2=<C4=24CEDS /B8 #=<C4=24E= 3B2FF

DE4 B2I8 4B8 6EN8= 4E :E;;C4 8==E=3 EO F2N E= F8G2F =823EDCDG' 2D7 4B8 2N2=7 ;2H <8 I2:2487 E=

:E==8:487 ED 26682F 4E 2 :E5=4 EO :E;6848D4 Z5=C37C:4CED OE= 2DH 35:B 8==E=S



DBBBE

)12< ,B;>= !1 &@= &2= &W /<XB=<3=B16E

/<XB=<3=B16 BC 61= 3 ?36:3=1<A 416:B=B16 1W A12< 416=<34=238 <983=B16C>B@ 7B=> =>9 #1?@36AE .W A12 :1

61= 736= =1 X9 C2XZ94= =1 =>BC /<XB=<3=B16 F<1DBCB16J A12 ?3A 1@= 12= 1W =>BC /<XB=<3=B16 F<1DBCB16 XA

61=BWAB6; =>9 #1?@36A B6 7<B=B6; 1W A12< :9CB<9 =1 1@= 12= 1W =>BC /<XB=<3=B16 F<1DBCB16J 9B=>9< XA TPU

C96:B6;J 7B=>B6 Rd :3AC 1W =>9 :3=9 =>BC /;<99?96= BC 9[942=9: XA A12J 9894=<16B4 ?3B8 =11@=12=j2X9<E41?J C=3=B6; A12< 63?9 36: B6=96= =1 1@= 12= 1W =>9 /<XB=<3=B16 F<1DBCB16 1< TcU XA

C96:B6; 3 89==9< XA HE+E 03B8J 1< XA 36A 63=B16388A <941;6Bk9: :98BD9<A C9<DB49 T $:.J HF+J L9:9<38

"[@<9CCJ 9=4EUJ 1< XA >36: :98BD9<A =1G

'9;38

,3CB9<J ''#

PeQQ 03<59= +=EJ +=9E edd

+36 L<364BC41 #/ hePdR

.6 1<:9< =1 X9 9WW94=BD9J =>9 89==9< 26:9< 1@=B16 TcU ?2C= 4893<8A B6:B43=9 A12< B6=96= =1 1@= 12= 1W =>BC

/<XB=<3=B16 F<1DBCB16J 36: ?2C= X9 :3=9: 36: CB;69:E !>9 96D981@9 416=3B6B6; =>9 CB;69: 89==9< ?2C=

X9 <949BD9: TBW :98BD9<9: XA >36:U 1< @1C=_?3<59: 7B=>B6 Rd :3AC 1W =>9 :3=9 =>BC /;<99?96= BC

9[942=9: XA A12E )12< 7<B=B6; 1@=B6; 12= 1W =>BC /<XB=<3=B16 F<1DBCB16J 7>9=>9< C96= XA TPU 1< TcUJ 7B88

X9 WB89: 7B=> 3 41@A 1W =>BC /;<99?96= 36: ?3B6=3B69: XA =>9 #1?@36AE +>128: A12 61= 1@= 12= 1W

=>BC /<XB=<3=B16 F<1DBCB16 7B=>B6 =>9 Rd_:3A @9<B1:J A12 36: =>9 #1?@36A C>388 X9 X126: XA =>9 =9<?C

1W =>BC /<XB=<3=B16 F<1DBCB16E )12 >3D9 =>9 <B;>= =1 416C28= 7B=> 4126C98 1W A12< 4>1B49 41649<6B6; =>BC

/<XB=<3=B16 F<1DBCB16E )12 26:9<C=36: =>3= A12 7B88 61= X9 C2XZ94= =1 <9=38B3=B16 BW A12 9[9<4BC9 A12<

<B;>= =1 3CC9<= 483B?C 1< 1@=_12= 1W 41D9<3;9 26:9< =>BC /<XB=<3=B16 F<1DBCB16E

CQS P5FF 2D7 )E;6F848 #G=88;8D4 "8F2487 4E PE=;2F "83EF54CED EO -C365483b &DOE=:8;8D4 dO

/BC3 #G=88;8D4S

/BC3 #=<C4=24CED ,=EIC3CED C3 4B8 O5FF 2D7 :E;6F848 2G=88;8D4 =8F24CDG 4E 4B8 OE=;2F =83EF54CED EO

7C365483 2=C3CDG E54 EO 4BC3 #G=88;8D4S &Q:864 23 342487 CD 35<38:4CED I' 2<EI8' CD 4B8 8I8D4 2DH 6E=4CED

EO 4BC3 #=<C4=24CED ,=EIC3CED C3 788;87 5D8DOE=:82<F8' 4B8 =8;2CD78= EO 4BC3 #=<C4=24CED ,=EIC3CED NCFF <8

8DOE=:82<F8S

fH :FC:UCDG K% 2::864L' HE5 8Q6=833FH 2:UDENF87G8 4B24 HE5 B2I8 =827' 5D78=34EE7' 2D7 42U8D 34863 4E

4BE5GB4O5FFH :ED3C78= 4B8 :ED38V58D:83 EO 4BC3 #G=88;8D4' 4B24 HE5 2G=88 4E <8 <E5D7 <H 4B8 48=;3 2D7

:ED7C4CED3 EO 4B8 #G=88;8D4' 2D7 4B24 HE5 2=8 F8G2FFH :E;6848D4 4E 8D48= CD4E 4BC3 #G=88;8D4 NC4B

)E;62DHS

Uber Driver Agreement

Documents

Transcript of Uber Driver Agreement