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&MGVUVSPEFVOBTUFDOPMPHBTNTFGJDJFOUFT
$POTUSVJSVO"VEJOPFTOBEBGDJM:TJOFNCBSHP
QBSBUPEPTMPTNPEFMPTSJHFVOQSJODJQJPNVZTJNQMFUPEPTMPTDPNQP
OFOUFTEFMBVUPNWJMTFBDPQMBOFOUSFTEFVONPEPQSFDJTPBGJOEFQSPEVDJSTJOFSHJBTEFSFEVDDJOEFFNJTJPOFT&TUF
QSJODJQJP
RVFFNQF[BBQMJDBSTFBGJOBMFTEFMPTBPTPDIFOUBZTFNBUFSJBMJ[FOMBDPOTUSVDDJOMJHFSBEF"VEJZMBSFWPMV
DJPOBSJB"VEJ4QBDF'SBNF "4'
FTMPRVF
IPZFOEB
TFIBEBEPBDPOPDFSDPNPMBJOWFSTJOEFMBFTQJSBMEFMQFTPDBEB
VOPEFMPTDPNQPOFOUFTEFDPOTUSVDDJOMJHFSBSFQFSDVUFFOPUSPTDPNQPOFOUFT
DVZBTEJNFOTJPOFTUBNCJOQVFEFOSFEV
DJSTF%FFTUFNPEP
TFNFKPSBDPOTUBOUFNFOUFFMQSPDFTPEFQSPEVDDJOEFMBTGPSNBTZNBUFSJBMFTFYJTUFOUFTFODVBOUPB
GVODJPOBMJEBE
EOEPMFTFMNFOPSQFTPQPTJCMF1BSBRVFOVFTUSPTBVUPNWJMFTTFBODBEBWF[NTFGJDJFOUFTZSFTQFUVPTPT
DPOMPTSFDVSTPTOBUVSBMFT"EFNT
FOVO"VEJTFWBOJODPSQPSBOEPUFDOPMPHBTDBEBWF[NTFGJDJFOUFT$PNP
QPSFKFNQMP
MBSFDVQFSBDJOZFMTJTUFNBTUBSUTUPQ0BWBO[BEPTZFGJDJFOUFTNPUPSFTiIJHIUFDIw1BSBBVNFOUBSMBEJONJDBEFNBSDIB
PCUFOFSVOBFMFWBEBDPNQSFTJO
VOBDPNCVTUJONTFGJDJFOUFZVOPTWBMPSFTEFFNJTJPOFTNOJNPT5PEPFTUPFT"VEJ
VMUSB)PZZFOFMGVUVSP
FOFMDBNJOPIBDJBVOBNPWJMJEBEDPOVOBTFNJTJPOFTEF$0SFEVDJEBT
$PNQFUFODJBFOQSPQVMTPSFT
5SBDDJOQPUFOUFZFGJDJFOUF-BEF"VEJVMUSBDPO
UFDOPMPHBTFGJDJFOUFTFOFMTFDUPSEFMNPUPS1PS
FKFNQMP
"VEJDZMJOEFSPOEFNBOE
PUBNCJOFM
"VEJWBMWFMJGUTZTUFN
RVFUSBCBKBOQBSBRVFFM
NPUPSDPOTVNBNFOPTFOFSHB
PMBUFDOPMPHB
DMFBOEJFTFM
HSBDJBTBMBDVBMQVFEFOSFEVDJSTF
MBTFNJTJPOFT
"VEJDPOOFDU
.PWJMJEBEZOBWFHBDJO
#TRVFEBEFQVOUPTEFJOUFST 10*
RVFJODMVZFNBOEPQPSWP[FO(PPHMF%BUBCBTF
*OGPSNBDJOTPCSFFMUSGJDPPOMJOF
$PNQMFNFOUBMBHVBEFSVUBEJONJDBNFEJBOUFJOGPSNB
DJOEFUBMMBEBEFMBEFOTJEBEEFMUSGJDP
QPSFKFNQMPEF
USBNPTEFDBSSFUFSBDPODSFUPT
NZ"VEJoEFTUJOPTFTQFDJBMFT
*NQPSUBSFOFMBVUPNWJMMBMJTUBEFQVOUPTEFJOUFST 10*
QFSTPOBMBUSBWTEFMQPSUBMNZ"VEJ
*OGPSNBDJOEFWVFMPT
*OGSNFTFDNPEBNFOUFEFTEFFMBVUPNWJMTPCSFMPT
IPSBSJPTEFMMFHBEBTZTBMJEBTEFMPTWVFMPT
BTDPNPEFMBT
QVFSUBTEFFNCBSRVFDPSSFTQPOEJFOUFT
ZDPNPPQDJO
CVTRVFEJSFDUBNFOUFBQBSUJSEFMONFSPEFWVFMP
*OGPSNBDJOEFUSFOFT
$POTVMUFEVSBOUFFMUSBZFDUPMPTIPSBSJPTEFTBMJEBTZMMFHB
EBTEFUSFOFTBTDPNPFMBOEODPSSFTQPOEJFOUF5BNCJO
EJTQPOJCMFQBSBPUSPTNFEJPTEFUSBOTQPSUFQCMJDP
DPNP
QPSFKFNQMPNFUSPT
*OGPSNBDJOTPCSFFMQBT
*OGSNFTFEFMBTFYJHFODJBTMFHBMFTFTQFDGJDBTEFDBEBQBT
UBMFTDPNPDIBMFDPTSFGMFDUBOUFT
PCMJHBDJOEFEJTUJOUJWPTP
MNJUFTEFWFMPDJEBEFOWJHPSBMDSV[BSMBGSPOUFSB
1JDUVSFCPPL/BWJHBUJPO
-PTEBUPT(14EFTVTGPUPHSBGBTMFMMFWBOIBTUBTVEFTUJOP
1SFDJPTEFDBSCVSBOUF
-BTHBTPMJOFSBTNTBTFRVJCMFTFOTVEFTUJOPPFOMBTNT
DFSDBOBTBEPOEFTFFODVFOUSFVTUFE
*OGPSNBDJOTPCSFBQBSDBNJFOUPT
-FBZVEBBCVTDBSQMB[BTEFBQBSDBNJFOUPZQSRVJOFT"EF
NT
TJFNQSFRVFFTUEJTQPOJCMF
JOGPSNBDJOBDUVBMJ[BEB
TPCSFMPTQSFDJPTZQMB[BTEFBQBSDBNJFOUPMJCSFTFOFTF
NPNFOUP
/BWFHBDJONFEJBOUFTFSWJDJPEFNBQBT
EF(PPHMF&BSUIZ4USFFU7JFXEF(PPHMF
/BWFHVFEFVONPEPBONTGDJMIBTUBTVEFTUJOP
NFEJBOUFJNHFOFTSFBTZEFTBUMJUFEFBMUBEFGJOJDJO
GPUPHSBGBTZEJSFDDJPOFT
NZ"VEJo4ViDFOUSPEFDPOUSPMwQFSTPOBM
6OBWF[SFBMJ[BEPFMSFHJTUSPJOJDJBM
EFTEFNZBVEJDPN
QSPUFHJEP
NFEJBOUFVOBQBMBCSBDMBWF
QPESPSHBOJ[BS
HFTUJPOBSZDPOGJHVSBS
DNPEBNFOUFEFTEFDBTBZBTVHVTUPMPTTFSWJDJPTCBTBEPTFO"VEJ
DPOOFDU.VDIPTEFFTUPTTFSWJDJPTQVFEFOVUJMJ[BSTFUBNCJOEVSBOUF
MBNBSDIBNFEJBOUFMB"QQ"VEJ..*DPOOFDUDPOTVTNBSUQIPOF
"OESPJEBQBSUJSEFPBQBSUJSEFJ04
4FSWJDJPEFBDUVBMJ[BDJOEFNBQBTPOMJOF
-BWFSTJOEFNBQBTTVNJOJTUSBEBQVFEFBDUVBMJ[BSTF
HSBUVJUBNFOUFNFEJBOUFMBTQSJNFSBTBDUVBMJ[BDJPOFTEF
OBWFHBDJORVFBQBSFDFODPOGSFDVFODJBTFNFTUSBM&O
DPNCJOBDJODPO"VEJDPOOFDU
MBBDUVBMJ[BDJOPOMJOFQVFEF
SFBMJ[BSTFFOFMBVUPNWJM
*OUSPEVDDJOEFMEFTUJOPNFEJBOUFNZ"VEJ
P(PPHMF.BQT
4JMPEFTFB
QPESQMBOJGJDBSTVEFTUJOPEFOBWFHBDJO
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DPOOFDUMFQFSNJUFOFOWJBSBTVBVUPNWJMTVTMVHBSFTEF
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FOWP[BMUB
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HSBDJBTBMBGVODJOEFEJDUBEP
"DDFTPB'BDFCPPL
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$POMFDUVSBFOWP[BMUBZPUSBTDNPEBTGVODJPOFTEFUFYUP
"DDFTPB5XJUUFS
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TNBSUQIPOFDPOFDUBEPNFEJBOUF#MVFUPPUIJODMVTPEVSBOUF
MBNBSDIB4FDPOUSPMB
EFNPEPTFHVSPZDPOGPSUBCMF
NFEJBOUFFMNJDSGPOPZMPTBMUBWPDFTEFTV"VEJ
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GFDIBFYBDUBNFOUFFTUBSEJTQPOJCMF%FQFOEFEFMBEJTQPOJCJMJEBEFTQFDGJDBEFDBEBQBT1BSBVUJMJ[BSMPTFOFDFTJUB FOHFOFSBM VOBDVFOUBFOVOTFSWJDJP4USFBNJOHNVMUJNFEJB MPRVFQPESBDBVTBS
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QFSTPOBMFTZFNJTPSBTEFSBEJPEFUPEPFMNVOEP
BT
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RVFEBBDDFTPBNJMMPOFTEFDBODJPOFT"EFNT
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$JUZ&WFOUT
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DPOGVODJOEF
UPNBEJSFDUBDPNPEFTUJOPEFOBWFHBDJO
-PTWBMPSFTEFDPOTVNPEFDPNCVTUJCMFZFNJTJPOFTEF$0BTDPNPMBTDMBTFTEFFGJDJFODJB
TFFODVFOUSBOBQBSUJSEFMBQH
RVBUUSP
5FOFSMBDBSSFUFSBCBKPDPOUSPM1PSRVFNFEJBOUFFMEJGFSFODJBMDFOUSBMMBGVFS[BEFUSBDDJOTFEJTUSJ
CVZFEFVONPEPWBSJBCMFZDPOUJOVPFOUSFMBTDVBUSPSVFEBT4JFNQSFBKVTUOEPTFBMBTJUVBDJO
$PORVBUUSPDPOEJGFSFODJBMEFQPSUJWPPQDJPOBM
MBFTUBCJMJEBEEFNBSDIB
MBEJONJDBZMBBHJMJEBE
TFSFOVFWBODBEBEBZTFDPOUSBSSFTUBOMPTTVCZMPTTPCSFWJSBKFT1BSBBVNFOUBSMBUSBDDJOZNFKP
SBSMBQSPQVMTJO1BSBEPNJOBSUPEPTMPTUSBZFDUPT:UFOFSBMBWJTUBFMQSYJNPEFTUJOP&OMBT
DVSWBT&OMBTSFDUBT4PCSFDVBMRVJFSTVQFSGJDJF$POTJHVJFOEPVOBGBTDJOBDJORVFTFRVFEBGJKBEB
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WFIDVMPTZMBEJTUSJCVDJOEFMBMV[EFTVOVFWP"VEJ"TFBEFDVBBVTUFETFHOMB
TJUVBDJO5PEPFTPFTQPTJCMFHSBDJBTBVOBDNBSBZOVNFSPTPTTFOTPSFT"EFNT
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SFHVMBCMFTZEJTQVFTUBTEFNBOFSBJOOPWBEPSB
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PUSBTDPOEJONJDBTGSBOKBTEFMV[.EVMPT-&%SFHVMBCMFTQPS
TFQBSBEPRVFTFBEBQUBOQFSGFDUBNFOUFBDVBMRVJFSTJUVBDJO
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MPTUJQPTEFFGJDJFODJBTFFODVFOUSBOBQBSUJSEFMBQHJOB
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MPTNPUPSFTEJTQPOJCMFTQBSBTVOVFWP"VEJ"4QPSUCBDLUBNCJOIBZVOBDIJTQBJOJDJBM
NBZPSSFOEJNJFOUPDPONFOPSDPOTVNPEFDPNCVTUJCMF/PTPUSPTDPODJMJBNPTFTUBBQB
SFOUFDPOUSBEJDDJOFOEPTUFDOPMPHBTEFUSBDDJOSFWPMVDJPOBSJBT5%*Z5'4*-FJOWJUBNPT
BDPOPDFSMBTBBNCBT:VTUFEEFDEBTFQPSMBUSBDDJORVFNTJNQVMTFTVTEFTFPT
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BZVEBBEJTNJOVJSFMDPOTVNPEF
DPNCVTUJCMFZBSFEVDJSMBTFNJTJPOFT
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5'4*
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FMUBNBPZFMQFTPEFMNPUPSTFSFEVDFODMBSBNFOUF
NJFO
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CSJMMBOUF
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HSBDJBTBMPTFYDFMFOUFTNBUFSJBMFTZBVOUSBCBKPEFFMBCPSBDJOEFQSJNFSTJNBDBMJEBE
/PJNQPSUBRVUBQJDFSBFMJKBQBSBTVTBTJFOUPT
OJRVFTUPTTFBOBTJFOUPTFOWPMWFOUFTJOEJWJEVBMFT
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3FHVMBDJONBOVBM
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JODMJOBDJOEFMSFTQBMEP
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