UHQRYiYHLV HP FDVD
GSRWXVYE S WIY TVzTVMS TEMRIP WSPEV XqVQMGS 2 REMHWLYR GHVWH DUWLJR p LQGLFDU DR OHLWRU FRPR SRGH FRQVWUXLU XP SDLQHO VRODU WpUPLFR GH XPD IRUPD VLPSOHV UHFRUUHQGR D HTXLSDPHQWRV RX SURGXWRV H[LVWHQWHV QR GLD D GLD *MPMTI 4IVIMVE )RKIRLIMVS )PIGXVSXqGRMGS -7)4 4VSJIWWSV HS )RWMRS 7IGYRHjVMS 8qGRMGS
'SQS WEFIQ SW WYGEXIMVSW PSGEMW XIQ YQ TVS KVEQE HI VIQSpnS HI PuUYMHS HI EVVIJIGMQIR XS UYI XIQ JVMKSVu½GSW I HIWYQMHM½GEHSVIW HSW UYEMW VIQSZIVEQ S JVqSR ZIPLS 'SQ MWWS IRGSRXVE WI S GSPIXSV WSPEV TIVJIMXS % SDUWH WUDVHLUD GH XP IULJRUtILFR q FEWM GEQIRXI YQ WMWXIQE HI HMWTIVWnS HI GEPSV I GSQ YQE PMKIMVE QSHM½GEpnS TSHI WIV YWEHS TEVE EFWSVZIV UYERXMHEHIW IRSVQIW HI GEPSV
*MKYVE %WWIKYVI WI UYI S KjW JVISR SY SYXVS UYEP UYIV PuUYMHS VIJVMKIVEHSV JSM VIXMVEHS XSXEPQIRXI I GSVXI E KVIPLE RE FEWI TIVXS HS QEMSV WYTSV XI HI PuUYMHS VIJVMKIVERXI *MKYVE 7I XMZIV YQ ZIPLS HMZn WSJj UYI XIRLE WMHS EXMVEHS JSVE TSHIVj ETVSZIMXEV E PDGHLUD MR
XIVMSV UYI WIVj HS XEQERLS TIVJIMXS TEVE E PROGXUD 'EWS RnS XIRLE IWXE WSVXI XIVj HI GSQ TVEV E QEHIMVE SY EVVERNj PE RSYXVS PSGEP *M KYVE )RGSRXVI YQ SDLQHO GH YLGUR I YQ ZIPLS WDSHWH GH SRUWD UYI TSHIVj JE^IV HI TEVXI XVE WIMVE I HI TEVXI HMERXIMVE TIVJIMXEW *MKYVE (I WIKYMHE HIZIVIQSW EVVERNEV YQ ZMHVS TEVE TSHIVQSW GSRXMRYEV GSQ S KYMnS TEVE E GSRWXVYpnS HI YQ TEMRIP WSPEV XqVQMGS HMHjXM GS QEW TPIREQIRXI JYRGMSRE *MKYVE 3 ZMHVS TSHIVj XEQFqQ WIV TVSZIRMIRXI HI YQ ZIVHEHIMVS EGLEHS 'EWS RnS S WINE WIVj XEPZI^ E RMGE TEVXI HS TEMRIP UYI XIVj HI GSQTVEV
%WWIKYVI WI UYI S ZMHVS q WY½GMIRXIQIRXI KVERHI TEVE GSFVMV XSHS S GSPIXSV I XIV EMRHE JSPKE TEVE S ½\EV k QSPHYVE % WIKYMV GSVXI EPKYRW IRXEPLIW RE QSPHYVE TEVE E IRXVEHE I WEuHE HE jKYE RS GSPIXSV *M KYVEW I 6ITEVI HI RSZS RS YWS HI ½XE EHIWMZE TEVE ZIHEV EW JIRHEW 'SQTVI EPKYRW GERSW HI jKYE RE PSNE PS GEP HI QEXIVMEP HI TIWGE I ½\I SW RS ½REP HEW IRXVEHE I WEuHE HS TEMRIP WSPEV *MKYVEW I % ½XE EHIWMZE JSM ETPMGEHE TEVE KEVERXMV UYI E ½\EpnS ½GEZE JSVXI I TSHIVj WIV HITSMW VIXM VEHE WI RnS JSV RIGIWWjVME % WIKYMV ½\I S GSPIXSV k TEVXI XVEWIMVE YWER HS SW KVEQTSW ZIV TSVQIRSV RE *MKYVE
LPDJHQV )217( ZZZ SURIHOHFWUR LQIR
*MKYVE 1EHIMVE TEVE GSRWXVYpnS HE EV QEpnS HS TEMRIP
*MKYVE +VIPLE HE TEVXI XVEWIMVE HI UYEP UYIV JVMKSVu½GS
102
*MKYVE +VIPLE HE TEVXI HI XVjW HI UYEPUYIV JVMKSVu½GS Nj VIXMVEHE GSVXEHE TIPE FEWI NYRXS ES HITzWMXS HI PuUYMHS VIJVMKIVER XI I GSQ XSHS S PuUYMHS VIXMVEHS
*MKYVE 4PEGE HI ZMHVS *MKYVE &SVVEGLE TVIXE XETIXI HI TSVXE SY XETIXI HI GEVVS
UHQRYiYHLV HP FDVD '327869% 3 7)9 46Ì46-3 4%-2)0 730%6 8f61-'3
*MREPQIRXI ½\E WI S ZMHVS RS XSTS -WWS WIVZI GSQS ±EVQEHMPLE² IJIMXS HI IW XYJE TEVE E VEHMEpnS MRJVEZIVQIPLE WSPEV ½GEV HIRXVS HS TEMRIP SRHI S GSPIXSV E EFWSVZIVj I EWWMQ EYQIRXEVj E XIQTIVEXYVE 'SQS TSHI ZIV FEWXE ½XE EHIWMZE TEVE QERXIV S GSRNYRXS ½\S *MKYVEW I 2S IRXERXS VIGSQIRHE WI S YWS HI EPKYQ XMTS HI KVEQTSW TSMW ETzW EPKYRW HMEW ES WSP E ½XE GSQIpE E WEMV HS PYKEV I E TIVQMXMV UYI S ZMHVS HIWPM^I 9RW UYERXSW TEVEJYWSW VIWSPZIQ S TVSFPIQE 'SPSUYI EKSVE S TEMRIP RYQE TSWMpnS IQ UYI VIGIFE E QEMSV UYERXMHEHI HI WSP MRGMHIRXI
*MKYVE %UYM XIQSW E TEVXI QEMW KVSWWIMVE 'SPS UYI YQE TSRXE HS XYFS RS WIY FEPHI HI jKYE JVME I EWWIKYVI WI UYI IPE ½GE RS JYRHS HS FEP HI % WIKYMV TIKYI RE SYXVE TSRXE HS XYFS I ±WYKYI S² TIPE TSRXE GSQ S SFNIXMZS HI JE^IV GSQ UYI EPKYQE jKYE GSQIGI E GSVVIV TEVE S TEMRIP -WXS GSRWIKYI JE^IV WI WIQ UYI IRXVI RI RLYQE jKYE TEVE E WYE FSGE WI JSV JIMXS GSQ GYMHEHS 'SPSUYI S FEPHI HI jKYE JVME JSRXI RYQE TSWMpnS QEMW IPIZEHE HS UYI S WIY FEPHI HI jKYE UYIRXI VIXSVRS HI QSHS E UYI S WMWXIQE JYRGMSRI GSQS YQ WMJnS (IZMHS ES QSHS GSQS S WMWXIQE IWXj TVS NIXEHS EQFSW SW TSVXSW ZSPXEQ ES QIWQS PS GEP RS TEMRIP IPI RnS JYRGMSREVj GSQS YQ XIV QSWWMJnS 4EVE MWWS TSHIV EGSRXIGIV XIVuEQSW HI GSVXEV S XYFS QEMW PSRKS I T| PS E WEMV RS XSTS HS TEMRIP 2nS S ½\IQSW TSMW E KVIPLE HS
JVMKSVu½GS XIQ EW HYEW TSRXEW QYMXS TIVXS YQE HE SYXVE ES QIWQS RuZIP 1EW TSHI EVVERNEV GSVXEV EW GSMWEW HI QSHS E UYI XEP WINE TSWWuZIP I EWWMQ GSRWXVYMV S XIVQSWWMJnS %ZMWS )WXI TEMRIP JYRGMSRE QYMXS FIQ *SM XIW XEHS RYQ HME HI WSP FVMPLERXI I IQ TSYGSW WIKYRHSW E jKYE GSQIpSY E WEMV HS TEMRIP E IWGEPHEV 4SV MWWS XIRLE GYMHEHS TEVE RnS WI UYIMQEV )WXE jKYE QYMXS UYIRXI Wz WI JSVQE UYER HS E jKYE RS MRXIVMSV HS TEMRIP q TIVQMXMHE UYI Pj ½UYI TSV GIVGE HI YQ QMRYXS WIQ WI QI\IV 7I E jKYE WI QI\IV HIZMHS ES WMJnS HI KVEZMHEHI E jKYE WEM E GIVGE HI KVEYW I IQFSVE UYIRXI RnS S UYIMQEVj % jKYE RnS ¾YM TIPS TEMRIP E YQE ZIPSGM HEHI QYMXS KVERHI TSMW SW XYFSW WnS QYMXS TIUYIRSW QEW MWWS XIQ YQ PEHS FSQ UYI q S JEGXS HI EWWMQ IPE EUYIGIV FIQ RE WYE ZMEKIQ EXq ES GSPIXSV (IQSVE YQ FSGEHS E EUYIGIV YQ FEPHI HI PMXVSW TIPS UYI -WSPI S FEPHI HI VIXSVRS GSQ TPjWXMGS TVIXS I ZIHI S RE TEVXI WYTIVMSV I\GIXS SRHI S XYFS IRXVE -WWS ENYHEVj E QERXIV E XIQTIVE XYVE HE jKYE UYIRXI TEVE WIV HITSMW YWEHE (IM\I S WMWXIQE E JYRGMSREV TSV GIVGE HI LSVEW RYQ HME FVMPLERXI HI WSP I GSRWIKYMV EUYIGIV YQ FEPHI HI PMXVSW HI jKYE JVME HI E KVEYW GIRXuKVEHSW % XIQTIVEXYVE HS EV IWXEZE E GIVGE HI ' 7I SFVMKEVQSW E jKYE E TIVQERIGIV RS TEM RIP TSV EPKYRW QMRYXSW I HITSMW E JSVpEVQSW
E WEMV WSTVERHS TSV YQ HSW XYFSW E WYE XIQTIVEXYVE EXMRKMVj SW ' :IVj UYI E I½GjGME HS TEMRIP I S WIY FEM\S GYWXS WnS QYMXS MRXIVIWWERXIW % WYE I½GjGME q QYMXS QIPLSV HS UYI RS TVMQIMVS GEWS %W EPXIVEp~IW WIKYMRXIW JSVEQ EPXIVEV E TSVXE HI WEuHE HI QSHS E ½GEVQSW GSQ YQ XIVQSWWMJnS (IWXE JSVQE S XYFS HI VIXSVRS TSHI WIV EPMQIRXEHS TEVE S FEPHI HI JSRXI I E jKYE GSRXMRYEVj E GMVGYPEV RS TEMRIP ½GERHS GEHE ZI^ QEMW UYIRXI 8EQFqQ TSHIVIQSW EGVIWGIRXEV IWTIPLSW ES TEMRIP TEVE GSRGIRXVEV QEMW S GEPSV 3 SFNIXMZS q GSRWIKYMV JIVZIV E jKYE (MZMV XEQ WI GSQ E jKYE UYIRXI
1EXIVMEMW I *IVVEQIRXEW RIGIWWjVMEW ÅKYE FEPHIW HI PMXVSW &IVFIUYMQ I ETEVEJYWEHSVE 8IWSYVEW 7IVVE TEVE GSVXEV QEHIMVE 1EHIMVE 4EMRIP HI ZMHVS % TEVXI XVEWIMVE KVIPLE HI YQ JVMKSVu½GS QIXVSW HI XYFS TPjWXMGS YWEHS RSW EUYjVMSW 1EXIVMEP TEVE E XVEWIMVE GETEGLS XETIXI 'EM\E HI TEVEJYWSW TEVE QEHIMVE ETVS\MQEHEQIRXI GQ HI GSQTVMQIRXS *SPLE HI EPYQuRMS 6SPS HI ½XE EHIWMZE JSVXI
LPDJHQV )217( ZZZ SURIHOHFWUR LQIR
&MFPMSKVE½E ZZZ SURIHOHFWUR LQIR 7SPEV XqVQMGS QERYEP WSFVI XIGRSPSKMEW TVSNIXS I MRWXEPEpnS ³JUHHQSUR´ 0DQXDLV GH LQVWDODomR GH VLVWH PDV VRODUHV WpUPLFRV 'YVWS 8qGRMGS -RWXEPEHSV HI )RIVKME 7SPEV *SXSZSPXEMGE )LOLSH
*MKYVE 4SVQIRSV HE ½XE EHIWMZE TEVE WIKYVEV S ZMHVS
3HUHLUD 0DQXHO 2OLYHLUD
*MKYVE %S 7SP *MKYVE *MRMXS
104
*MKYVE 1SRXEKIQ HS ZMHVS RE TEV XI HE JVIRXI HS TEMRIP XEQFqQ GSQ ½XE EHIWMZE