!>= 1;><>20

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

"!=5..."<>6=> CA;>2=> 2K45;8BL B@8 G0AB8. ?5@2>9 >=G0@>2 @0AA:07K205B =0< > 45BAB25 ;NH8, :>340 <0;LG8:C B>;L:> A5G5=L @572K9 8 1>9:89,E>BO @0ABOB 53> 2 =535 8 701>B5,?>AB>O==> >?5:0NB 8 =8:C40 =5 >B?CA:0NB >4=>3>,25745 B>;L:> ?>4 ?@8A<>B@>< =O=L:8.;NH0 =01;N40B5;5=,=8GB> "=5 CA:>;L705B >B ?KB;82>3> 2=8<0=8O @51Q=:0;=5873;048<> 2@5705BAO 2 53> 4CHC :0@B8=0 4><0H=53> 1KB0;=0?8BK205BAO < 682K<8 ?@8<5@0<8 8 15AA>7=0B5;L=> G5@B8B ?@>3@0<59 687=8 ?> 687=8,53> >:@C60NI59".%>BO <0;5=L:><>2C 8 =@028BAO B0:0O 687=L,>=0 =5 B0: 8 E>@>H0,GB>1K A;C68BL ?@8<5@>< 4;O ?>4@060=8O. =59 <=>3> =54>AB0B:>2:2A5 2 1;><>25 ?@>8AE>48B 87> 4=O 2 45=L >48=0:>2>, 8 =5 =8:0:8E 87<5=5=89 2 687=8 55 >18B0B5;59,>=0 A:CG=0 8 >4=>>1@07=0.081>;55 206=>9 55 G0ABLN O2;O5BAO 540:>1;><>2FK >G5=L <=>3> 2=8<0=8O C45;ONB 59,BI0B5;L=> 2K18@0NB 1;N40 =0 >154.@8Q< ?8I8 4;O =8E O2;O5BAO @8BC0;><.@83>B>2;5=85< 70=8<0NBAO :@5?>AB=K5, 0 @>48B5;8 ;L8 ;8HL A>25BCNB,:0:85 ?@>4C:BK ;CGH5 8A?>;L7>20BL 8 GB> ?@83>B>28BL.

2B>@ 8@>=878@C5B =04 =8<8, 3>2>@8B:">=8 B>65 =5 157 70=OB89".0: 8 8E @>48B5;8 8E @>48B5;59,>=8 70=8<0NBAO =8G53>=545;0=85<,682CB 70 AG5B B@C40 A2>8E :@5?>AB=KE 8 @04CNBAO :064>H54H5B>@K9 >=8 1;03>?>;CG=> ?@>68;8.

5<0;>206=K< @8BC0;>< 2 1;><>2:5 O2;O5BAO A>= ?>A;5 >1540,2 MB> 2@5<8@05B,2A5 A?OB.

> 2B>@>9 G0AB8 >=G0@>2 >?8AK205B =0< 4@C3CN ?>@C:4;8==K< 78<=8< 25G5@>< 25G5@>< =O=O @0AA:07K205B ;L5 ;L8GC A:07:8. 51Q=>: >G5=L 2?5G0B;8B5;5= 8 ?@8=8<05B 2A5 ?>25AB2>20=8O =O=8 70 O2L, >:C=0OAL 2 <8@ D0=B0789.>B>< C65, :>340 >= AB0=5B 27@>A;K<,>= C7=05B,GB> =5 ACI5AB2C5B "4>1@KE 2>;H51=8F",<54>2KE 8 <>;>G=KE @5:",=> 2A5 65 1;><>2 2B09=5 >B 4@C38E ?>=8<05B,GB> "A:07:0 C =53> A<5H0;0AL A 687=LN,8 >= 15AA>7=0B5;L=> 3@CAB8B ?>4G0A,70G5< A:07:0 =5 687=L,0 687=L =5 A:07:0." ;LO ;L8G B0: =02A5340 8 >AB05BAO 1>;LH8< @515=:><,<5GB0NI8< > 8;8B@8A5 8@18BL52=5."0:65 8 >B5F 53>,8 454,8 ?@0454,A;CH02H85 2 45BAB25 B5 65 A:07:8,=0 2AN 687=L >AB0;8AL 45BL<8, =5 C<5NI8<8 ?>AB@>8BL A2>N 687=L.

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

! 4@C3>9 AB>@>=K,>=G0@>20 <=>3>5 ?@82;5:05B 2 687=8 >1;><>2F52.45AL =8:B> =5 7;>A;>28B > 4@C38E,2A5 A?>:>9=> 8 B8E>.2B>@ ;N1C5BAO B5<, GB> >?8AK205B,?>B> 8 53> 45BAB2> AE>4=> A 45BAB2>< 1;><>20,>= 2K@>A 2 B>9 65 A@545,2>A?8BK20;AO 2 B5E 65 B@048F8OE, GB> 8 53> 35@>9.> ?>A;54CNI85 AB0488 687=8 1;><>20 =5 ?>E>68 =0 687=L >=G0@>20.

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

AB>:>< 687=8 =0 4820=5,:>B>@CN ?@>25; ;LO ;L8G,1K;> @0728B85 2 A@545,345 53> =568;8,;5;5O;8,=5 4020;8 A0<>AB>OB5;L=> @072820BLAO.

/