RESULTS ANNOUNCEMENT

FOR THE YEAR ENDED 30 JUNE 2019

GROUP SUMMARY

The financial year has resulted in an underlying loss after tax to shareholders of \$2.1 million (2018: profit of \$22.7 million).

Underlying Results
	FY2019	FY2018	Change (%)
Total income	\$69.6 m	\$65.2 m	6.8%
Underlying NPAT	\$1.0 m	\$27.1 m	(96.3%)
NPAT to shareholders	(\$2.1 m)	\$22.7 m	(109.1%)
Ordinary dividends	15.0 cps	15.0 cps	-%
Net tangible assets	\$179.8 m	\$206.2 m	(12.8%)
Net cash position	\$57.2 m	\$71.1 m	(19.6%)

Milestones for the 2019 financial year included:

The completion of the development of the Bunnings and associated bulky goods centre at Port Macquarie, New South Wales;
The completion of the development of the Caltex travel centre at Caboolture, Queensland;
The continued refurbishment of the Mooloolaba Wharf, Queensland with the rejuvenation of the centre with re-leasing and repositioning of retail tenancies;
Advances made in planning approvals of property projects at Marsden Park, Liverpool, Turrella, Kingsgrove and Bentleigh;
Increased ownership in the Liverpool and Turrella projects in New South Wales to approximately 67% which, along with Marsden Park, East Bentleigh and Donnybrook, are expected to provide long term value to shareholders;
Completion of a capital raising by the CVC Emerging Companies Fund and the launch of the Eildon Debt Fund, with combined total Funds Under Management of approximately \$100 million; and
Undertaking a strategic review of the operations of CVC which has led to a repositioning of the business.

Level 37, 1 Macquarie Place Sydney NSW 2000 T 02 9087 8000 F 02 9087 8088 www.cvc.com.au

YEAR IN REVIEW

A summary of the operating results for the financial year are as follows:

	2019	2018
	\$	\$

Direct property investment	16,428,583	15,352,001
Property backed lending	5,790,648	8,413,127
Funds management	1,503,677	1,584,772
Commercial debt and alternative assets	335,398	1,213,182
Listed investments	(5,747,160)	13,738,943
Private equity and venture capital	(1,679,752)	1,559,050
Convertible note interest	(4,252,724)	(105,368)
Unallocated	(11,323,707)	(9,023,403)
Tax effect	(46,804)	(5,659,662)

Total Comprehensive Income	1,008,159	27,072,642

Direct Property

CVC's property portfolio is a major source of recurrent earnings and capital growth. Total contribution to profit before tax was \$16.4 million (2018: \$15.4 million) net of project specific borrowing costs of \$0.7 million. This included the following significant events during the year:

o Completion of the Bunnings development in Port Macquarie, New South Wales generating a profit of \$6.2 million;
o Continued refurbishment of the Mooloolaba Wharf, Queensland generated an uplift in value of \$3.5 million; and
o Further progress in rezoning the Bentleigh, Victoria project delivered an increase in value of \$5.0 million;

CVC focuses on opportunities to acquire quality long term property holdings with potential for repositioning and value creation. The current portfolio includes investments in residential, commercial, retail and industrial assets.

The Board is confident of the potential value to be unlocked from the investment portfolio over the long term, particularly from its significant property positions including, but not limited to, the Marsden Park, Donnybrook and Liverpool projects, which are forecast to deliver substantial upside from their current carrying values once planning outcomes have been achieved.

Property Backed Lending

Total contribution to profit before tax was \$5.8 million (2018: \$8.4 million). The net loan portfolio at the end of the financial year has increased to a net \$41.3 million (2018: \$31.0 million). Net returns have been impacted year-on-year by impairment charges of \$1.0 million during the current financial year compared to impairment recoveries of \$2.2 million in 2018.

The property market continues to experience a degree of volatility, with a tightening of credit markets as well as falls in values across different segments. This has meant that flexible lenders like CVC are able to achieve higher returns and improved security on loans.

Deal flow remains strong for lending opportunities creating significant opportunities for CVC over the longer term. The capital market for the provision of loan finance solutions is expected to generate consistent long-term interest income streams.

Funds Management

The contribution to comprehensive income of this segment was \$1.5 million (2018: \$1.6 million). CVC continues to grow its funds management segment. CVC rolled out new offerings which included the following:

o In joint venture with Evans Dixon Limited (ASX: ED1), CVC established and raised \$45 million in the CVC Emerging Companies Fund, a wholesale unit trust which will invest in unlisted and listed emerging companies;
o The acquisition of the remaining 60% of Eildon Funds Management Limited, which provides management services to Eildon Capital Limited and Eildon Debt Fund, with a combined Funds Under Management of approximately \$100 million;
o Causeway Income Partners Limited, a joint venture with Causeway Financial Pty Limited, commenced the raising of a \$75 million wholesale corporate debt fund; and
o Australian Invoice Finance Limited and Bigstone Capital Pty Limited continuing to grow their loan portfolio and investor base.

CVC has supported the development of external fund managers including seeding investment vehicles that are synergistic with the investment philosophy of CVC. These new strategies will complement the existing portfolio and contribute to ongoing profitability via recurrent management fees and performance fees.

Commercial Debt and Alternative Assets:

Total contribution to profit before tax was \$0.3 million (2018: \$1.2 million). The current loan portfolio at the end of the financial year was \$9.9 million (2018: \$10.8 million).

T 02 9087 8000 F 02 9087 8088 www.cvc.com.au

Returns have been impacted by impairment provisions of \$1.8 million in relation to a number of investments.

Similar to the tightening credit markets being experienced by property borrowers, bank lenders are continuing to tighten commercial lending, with more stringent credit assessments, while relying less on property as underlying security. In particular, Small to Medium Enterprises (SME) and Middle Market borrowers are being adversely impacted. This is presenting lenders like CVC with opportunities to generate higher return on loans with improved security.

Listed Investments:

CVC's active listed investment management strategy, contributed a loss to comprehensive income of \$5.7 million (2018: profit of \$13.7 million). The results include losses from trading and share price reductions of \$7.5 million (2018: profit of \$10.8 million) which was partially offset by distributions received of \$1.8 million (2018: \$2.9 million).

Private Equity:

The total loss to comprehensive income was \$1.7 million (2018: profit of \$1.6 million) including the results of equity accounted investments. The loss was mainly attributed to the revaluation of a number of smaller equity holdings in investments.

Following a review of the carrying value of the listed and private equity portfolio, a decision was made to rebalance the investment portfolio to a more concentrated investment strategy, including holding a smaller, concentrated high conviction equities portfolio, growing the loan portfolio, while continuing to focus on the existing successful direct property investment strategy.

FUTURE OUTLOOK

Given the transition to the new investment strategy, the Board is not in a position to provide guidance for the financial year ending 30 June 2020.

With substantial cash holdings and a portfolio of investments that are forecast to result in short, medium and long term realisations, CVC is well positioned to deliver both growing annual profitability and dividends for shareholders over the longer term.

CAPITAL MANAGEMENT AND DIVIDEND POLICY

The Board is committed to the payment of dividends to shareholders that reflects underlying profitability.

A final fully franked dividend of 8 cents per share was declared and paid to shareholders on 20 August 2019. Given the uncertainty of short term profitability as CVC transitions to the new strategy, the Board is unable to provide guidance on the payment of dividends to shareholders, including the level to which dividends will be franked.

CVC has periodically purchased shares under its buy back scheme, dependant on price. The buy back scheme will be utilised to enable a better alignment of assets with recurrent earnings and is accretive to shareholder value.

Mark Avery Managing Director 30 August 2019

Appendix 4E

Preliminary Final Report Results for announcement to the market

CVC Limited
ABN	Financial Year ended		('Reporting Period')			Previous Financial Year ended ('Corresponding period')
34 002 700 361	30 June 2019			30 June 2018
Results
Income from ordinary activities		up/down	7%	to	\$69,646,650
Profit after tax attributable to members		up/down	(109%)	to	(\$2,060,022)
Net profit for the period attributable to members		up/down	(109%)	to	(\$2,060,022)

Dividends (distributions)

	Amount per security	Franked amount per security
Final Dividend – 2019 (Paid 20 August 2019)	8 ¢	8 ¢
Interim Dividend – 2018 (Paid 8 March 2019)	7 ¢	7 ¢

Information on Dividends:

The directors paid a final fully franked dividend in respect of the year ended 30 June 2019 of 8 cents per share on 20 August 2019.

A fully franked interim dividend in respect of the financial year ended 30 June 2019 of 7 cents per share was paid on 8 March 2019.

The Dividend Reinvestment Plan continues to be suspended and as such is not be in operation in relation to the payment of the dividend.

Ex-dividend date	6 August 2019
Record date for determining entitlements to the final dividend	7 August 2019
Payment Date	20 August 2019

Net tangible asset per security

	Year ended 30 June 2018	Year ended 30 June 2018
Net assets per share	\$1.53	\$1.71
Net tangible assets ("NTA") per share	\$1.53	\$1.71

The preliminary final report is based on accounts that have been audited.

Commentary

Brief explanation of any of the figures reported above:

Please refer to the attached commentary for a detailed review.

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¡ȱ?ȱȬȱǻȬ¡ȱǼȱǻȱŗȱ?¢ȱŘŖŗşǼ

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ȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ ȱȱȱDZȱȱǰȱ ȱȱǰȱȱǰȱȱȱȱȱȱȱǯȱȱ

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Ȭ ?ȱ ȱ ȱ ȱȱȱȱȱȱȱǯȱ

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ȱ	˜ȱ˜ȱ–ŽŽ'—œȱȱ	˜ȱ˜ȱ–ŽŽ'—œȱȱ
˜'—ȱ˜ž•ŠœȱŽŠȱ	ŠŽ—Žȱ śȱ	Ž•''‹•Žȱ˜ȱŠŽ—ȱȱ śȱ
•ޡЗŽ›ȱŠ–'Ž—ȱ Š››¢ȱŽŠ›ȱ	śȱ	śȱ
Š—ȱ ˜žœ˜—ȱŠ–™‹Ž••ȱ	śȱ	śȱ
˜'—ȱŒ˜ȱŽŠŸŽ›ȱ	Řȱ	Řȱ

ȱ¢ȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱȱ¢ȱ DZȱ

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ȱ	˜ȱ˜ȱ–ŽŽ'—œȱȱ	˜ȱ˜ȱ–ŽŽ'—œȱȱ
	ŠŽ—Žȱ	Ž•''‹•Žȱ˜ȱŠŽ—ȱ
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•ޡЗŽ›ȱŠ–'Ž—ȱ Š››¢ȱŽŠ›ȱ	Řȱ	Řȱ
Š—ȱ ˜žœ˜—ȱŠ–™‹Ž••ȱ	Řȱ	Řȱ

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›ȱǯ ǯȱŠ–™‹Ž••ȱ	śŖǰŖŖŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	śŖǰŖŖŖȱ
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ȱȱ ȱȱȱȱȱǰȱǰȱǰȱǰȱȱȱȱȱȱȱ¡ȱȱ ȱǯȱȱȱ

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ȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗŞȱȱŞȱȱȱȱ ȱȱȱŗŝȱȱŘŖŗŞȱȱȱ ȱ śȱ ȱ ŘŖŗŞȱ ȱ ȱ ȱ ȱ ȱ Řřȱȱ ŘŖŗŞǯȱȱȱ ¢ȱ ȱ ȱ ȱ ŝȱ ȱ ȱ ȱȱǞŞǰřŜŝǰŘşśȱ ȱȱȱŝȱȱŘŖŗŞǯȱȱ

ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱ

ȱȱȱȱȱ ȱȱȱȱ¢ȱ DZȱ

Ȭ ¢ȱȱȱDzȱȱ
Ȭ ȱȱȱDzȱȱ
Ȭ ȱȱȱȱȱȱDzȱȱ
Ȭ ȱǯȱ

ȱȱ

ȱȱȱȱȱŘŖŗşȱȱ¢ȱȱȱ DZȱ

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Ȭ ȱȱȱ¡ȱȱǞŗǯŖȱȱǻŘŖŗŞDZȱǞŘŝǯŗȱǼDzȱȱ
Ȭ ȱȱȱȱȱȱŗǯŝȱȱǻŘŖŗŞDZȱȱȱŗşȱǼDzȱȱ
Ȭ ȱȱȱȱȱȱȱȱŗŞȱȱǻŘŖŗŞDZȱȱȱśȱǼǰȱ ȱȱȱȱȱŗś ȱǻŘŖŗŞDZȱŗśȱǼȱȱȱȱ¢ǯȱ

ȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱȱȱ DZȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟȱ
Žȱ™›˜'ȱŠŽ›ȱ'—Œ˜–ŽȱŠ¡ȱ	ŗǰŖŖŞǰŗśşȱ	ŘŝǰŖŝŘǰŜŚŘȱ
Žȱ™›˜'ȱŠ›'‹žŠ‹•Žȱ˜ȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœœȱ	řǰŖŜŞǰŗŜŗȱ	ŚǰřśŜǰŘŜŜȱ
Žȱǻ•˜œœǼȦ™›˜'ȱŠŽ›ȱ'—Œ˜–ŽȱŠ¡ȱŠ›'‹žŠ‹•Žȱ˜ȱ–Ž–‹Ž›œȱ˜ȱ	ņņņņņņņņņ	ņņņņņņņņņ
™Š›Ž—ȱŽ—'¢ȱ	ǻŘǰŖŜŖǰŖŖŘǼȱ	ŘŘǰŝŗŜǰřŝŜȱ
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ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱȱ

ȱȱȱ¢ȱȱȱȱȱȱȱȱ DZȱ

	ŘŖŗşȱ ȱ	ŘŖŗŞȱ
ȱ	Ǟȱ ȱ	Ǟȱ
'›ŽŒȱ›˜™Ž›¢ȱ—ŸŽœ–Ž—œȱ	ȱ ŗŜǰŚŘŞǰśŞřȱ ȱ	ȱ ŗśǰřśŘǰŖŖŗȱ
›˜™Ž›¢ȱŠŒ"ŽȱŽ—'—ȱ	śǰŝşŖǰŜŚŞȱ ȱ	ŞǰŚŗřǰŗŘŝȱ
ž—œȱ–ЗАޖޗȱ	ŗǰśŖřǰŜŝŝȱ ȱ	ŗǰśŞŚǰŝŝŘȱ
˜––Ž›Œ'Š•ȱŽ‹ȱŠ—ȱ•Ž›—Š'ŸŽȱœœŽœȱ	řřśǰřşŞȱ ȱ	ŗǰŘŗřǰŗŞŘȱ
'œŽȱ'—ŸŽœ–Ž—œȱ	ǻśǰŝŚŝǰŗŜŖǼȱ ȱ	ŗřǰŝřŞǰşŚřȱ
›'ŸŠŽȱŽšž'¢ȱŠ—ȱŸŽ—ž›ŽȱŒŠ™'Š•ȱ	ǻŗǰŜŝşǰŝśŘǼȱ ȱ	ŗǰśśşǰŖśŖȱ
˜—ŸŽ›'‹•Žȱ—˜Žȱ'—Ž›Žœȱ	ǻŚǰŘśŘǰŝŘŚǼȱ ȱ	ǻŗŖśǰřŜŞǼȱ
—Š••˜ŒŠŽȱ	ǻŗŗǰřŘřǰŝŖŝǼȱȱ ȱ	ǻşǰŖŘřǰŚŖřǼȱ
Š¡ȱŽŽŒȱ	ǻŚŜǰŞŖŚǼȱ ȱ ņņņņņņņņ	ǻśǰŜśşǰŜŜŘǼȱ ņņņņņņņņ
˜Š•ȱ˜–™›Ž'Ž—œ'ŸŽȱ—Œ˜–Ž	ŗǰŖŖŞǰŗśşȱ ȱ	ŘŝǰŖŝŘǰŜŚŘȱ
	őőőőőőő	őőőőőőő

ǰȱȱ¢ȱȱȱȱȱȱ¢ǯȱ

ȱ¢DZȱ

ȱȱȱȱȱ¡ȱ ȱǞŗŜǯŚȱȱǻŘŖŗŞDZȱǞŗśǯŚȱǼȱȱȱȱȱ ȱȱȱǞŖǯŝȱǯȱȱ ȱȱȱ¢ȱ ȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱDZȱ

Ȭ ȱȱȱȱȱȱȱ¡ȱȱȱȱǰȱȱȱǞŖǯŝȱDzȱ
Ȭ ȱȱȱȱȱǰȱȱȱ ȱȱȱȱȱȱ¡ȱȱȱ ȱȱȱȱ ȱȱȱȱȱǰȱ ȱȱȱȱȱȱǞŗǯŖȱDzȱ
Ȭ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱǰȱ ȱȱȱ ȱǞŜǯŘȱǰȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱȱ¢Dzȱ
Ȭ ȱȱȱȱ£ȱȱȱǰȱȱȱȱȱȱȱȱȱȱǞśǯŖȱDzȱȱ
Ȭ ȱȱȱȱȱȱǰȱȱ ȱȱȱȱȱȱ ȱȬȱȱ ȱȱȱǰȱȱȱȱȱȱȱǞřǯśȱǯȱ

ȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¡¢ȱŜŝƖǯȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ ȱȱǰȱȱ ȱȱ¢ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱǰȱȱȱȱǯȱ

¢ȱȱDZȱ

ȱȱȱȱȱ¡ȱ ȱǞśǯŞȱȱǻŘŖŗŞDZȱǞŞǯŚȱǼǯȱȱȱȱȱȱȱȱȱȱȱȱ ¢ȱȱȱȱǞŚŗǯřȱȱǻŘŖŗŞDZȱǞřŗǯŖȱǼȱȱȱȱȱ¢ȬȬ¢ȱ¢ȱȱȱȱǞŗǯŖȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱǞŘǯŘȱȱȱŘŖŗŞǯȱ

ȱDZȱ

ȱȱȱȱȱȱȱȱ ȱǞŗǯśȱȱǻŘŖŗŞDZȱǞŗǯŜȱǼǯȱȱȱȱ ȱȱ¡ȱ ȱǻDZȱŗǼǰȱȱȱȱȱǞŚśȱȱȱȱȱȱȱǰȱȱ ȱȱȱ ȱ ȱ ȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱ ȱ ȱ ȱȱȱȱǰȱ ¢ȱ ȱȱǰȱȱȱȱ ȱ ¢ ȱ¢ȱǰȱȱȱȱȱȱǞŝśȱȱ ȱȱȱǯȱȱ

ȱȱȱȱDZȱ

ȱȱȱȱȱ¡ȱ ȱǞŖǯřȱȱǻŘŖŗŞDZȱǞŗǯŘȱǼǯȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱ ǞşǯşȱȱǻŘŖŗŞDZȱǞŗŖǯŞȱǼȱȱȱȱȱ¢ȱȱȱȱǞŗǯŞȱǯȱȱ

ȱDZȱ

Ȃȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱǞśǯŝȱȱǻŘŖŗŞDZȱȱȱǞŗřǯŝȱ ǼǯȱȱȱȱȱȱȱȱȱȱȱȱǞŝǯśȱȱǻŘŖŗŞDZȱȱȱǞŗŖǯŞȱǼȱȱ ȱȱǞŗǯŞȱȱǻŘŖŗŞDZȱǞŘǯşȱǼǯȱ

ȱ¢DZȱ

ȱȱȱȱȱȱ ȱǞŗǯŝȱȱǻŘŖŗŞDZȱȱȱǞŗǯŜȱǼȱȱȱȱȱ¢ȱȱ ǯȱȱȱ ȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱǯȱȱ

ȱȱ ȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱǰȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ǰȱȱȱȱǰȱȱȱȱȱǰȱ ȱȱȱǰȱ ȱȱȱȱȱȱ¡ȱȱȱ¢ȱȱ¢ǯȱ

ȇȱȱǻǼ

ȱȱȱ

ȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱ¢ȱȱ ȱȱȱ ȱȱȱȱȱǯȱȱ

ȱȱ

ȱ ¡ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ǰȱ ȱ ȱ ȱ ǰȱ ȱ ¢ ȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱ¡ȱ ȱȱȱȱȱȱȱȱȱȱ¢ǯȱȱ

ȱ ȱ

Ȃȱȱȱȱȱȱȱǯȱ

ȱȱȱȱȱ

ȱŞȱȱŘŖŗşǰȱȱȱŜŖƖȱȱȱȱȱȱȱȱȱȱǞřǯŜȱȱȱ ȱȱȱȱ ȱŗŖŖƖȱ¢ȱȱǯȱȱȱ

ȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşȱȱŞȱȱȱȱ ȱȱȱŗȱȱŘŖŗşȱȱȱ ȱŘŖȱȱŘŖŗşȱȱȱȱȱȱŜȱȱŘŖŗşǯȱ

ȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱ¢ȱȱȱ¢ȱ¢ȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ǯȱ

ȱȱ

ȱ ȱȱȱȱ¢ȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱǯȱ

ȱȱȱȱȱȱȱ

Ǽȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱ ȱȱ¢ȱȱȱȱȱ¢ȱȱȱȱǰȱ¡ȱ ȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱǯȱȱȱ

Ǽȱȱȱ

ȱȱǰȱȱȱ¢ȱȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱ¢ȱȱȱȱȱ¢ȱȱ ȱ ȱȱȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱȱȱ¡ȱȱȱȱǯ

ȱ¢ȱȱȱȱȱȱȱȱȂȱȱȂȱ¢ȱȱȱ¡ȱȱȱȱ ȱȱȱȱ¢ǯȱ

ȱȱ ȱǯȱřŖŖǻşǼȱȱȱȱȱŘŖŖŗȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱȱȱȱǯ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱ

ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱ¢ȱȱȱŗŖŖƖȱ ȱȱȱȱ ȱȱȱȱȱȱȱŘŖŖŗȱȱȱǯȱȱȱȱ ȱȱȱȱ¢ȱǯȱřŖŞǻřǼȱȱȱȱȱŘŖŖŗǯȱȱȱȱȱȱȱ ȱȱ¢ȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱ¢ȱȱ ǰȱȱȱȱȱȱȱȱǯȱ

ȱ¢ȱ

ȱȱȱȱȱȱȱ¢ȱȱȱȱȱ¢ȱǯȱȱȱȱȱȱȱ ȱ¢ȱȱ¢ȱȱȱȁȂȱ ȱ ȱ ȱ ȱ ȱȱȱȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ

ȱȱ

ȱȱ ȱȱȱȱǰȱȱȱȱȬ¡ȱȱȱȱȱȱ ȱ¢ȱȱȱȱȱȱǯȱȱȱ

Ȭ¡ȱ Ȃȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ¡ȱ ȱȱȱǞŚŖŖǰŖŖŖǰȱȱȱȱȱȱȱȱ¢ȱȱǯȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

¢ȱ ȱ ȱ ȱ ȱ DZȱ ȱ ¢ǰȱ ǰȱ ȱ ǰȱ ȱ ȱ ȱ¢ȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱ¢ȱȱ ȱǯȱȱ

ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱ ȱ ȱȬ¡ȱǯȱȱ ȱȱ¢ȱȱȱȱ ȱ ȱ ȱȱȱȱ ȱȱ ȱȱȱȱǯȱ

ȱ ȱ¢ȱȱ ȱȱȱ ȱ ȱȱ ȱ ȱȱȱȱ ȱ ȱȱȱȂȱȱȱ ȱ¢ȱȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱ¢ǯȱ

¢ȱȱȱȱ

ȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȂȱȱȱȱȱ ȱ ȱȱȱ¢ȱȱȱ¢ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱǯȱȱ ȱȱȱȱȱȱ¢ȱ¢ȱȱȱȱȱȱȱȱȂȱȱǯȱȱȱȱ ǰȱȱȱDZȱ

ȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱ¢Dzȱȱ
ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱǰȱȱȱȱȱ ȱǰȱȱ¡ȱǰȱȱȱȱǯȱȱ

ȱȱȱȱȱȱȱ¢ȱȱȱǯȱȱȱ ȱȱȱȱ ȱȱȱȱȱǰȱȱȱȱȱŘŞȱȱŘŖŗŞȱȱȱȱȱǯȱȱ

ȱ¡ȱȱȱȱȱ

ȱȱȱ ȱȱ¡ȱȱȱ ȱȱ ȱ ȱ¢ȱȱ ȱ¢ȱ ȱ ȱȱ ¢ȱ ȱ ȱȱ ȱȱȱȱ ȱȱȱȱȱȱ¢ȱ¢ȱ ȱȱȱǯȱȱȱȱǰȱȱȱDZȱ

¢ȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱȱ¢ȱȱȱȱDzȱȱȱ
ȱȱ¢ȱȱȱȱȱȱȱ ȱ¢ȱȱȱȱȱDzȱȱȱ
ȱȱȱȱ ȱȱȱȱ ȱ¢ȱȱȱȱ ȱȱ ȱȱ ȱȱȱ ȱ ȱ¢ȱȱ¡ȱȱȱȱ ȱȱȱȱȱȱȱǭȦȱȱȱȱ ¡Dzȱȱ
ȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱDzȱȱȱ
ȱȱȱȱȱȱȱȱȱȱȱȱDzȱ
ȱȱȱȱȱȱȱȱ ȱ¢ȱȱȱȱȱDzȱ
ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱ ȱȱȱDzȱ
ȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱǰȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱDzȱȱ
ȱ¡ȱȱśȱȱȱȱȱȱȱȱǯȱ

ȱȱ¢ȱȱȱȱȱȱȱ¡ȱȱȱȱǯȱȱ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱǻǼȱ

ȱȱ¢ȱȱȱǻǼDZȱ ȱȱDZȱ

ȱ ȱȱȱȱȱȱȱ¡ȱȱȱ¢ȱȱȱŗŖŖƖȱ ȱȱȱ ȱȱȂȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ ȱȱ ȱȱȱȱǯȱ

ȱȱ¢ȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşȱ

ȱ	ȱ	'˜›ȬŽ›–ȱŽ–™•˜¢ŽŽȱ
ȱ	ȱ	‹Ž—Ž'œȱ		˜œȱȮȱŽ–™•˜¢Ȃȱ ‹Ž—Ž'œȱ
		ŠœŽȱЕЛ¢ȱ	ȱ˜—žœ	ž™Ž›Ȃ—ȱ		ȱȱȱȱȱȱ
		ŽŽœȱ	ǻ‹Ǽȱ	Ǟȱ	Ž›–'—Š'˜—ȱ	˜Š•ȱ	ŠœŽȱƖȱ
		Ǟȱ	Ǟȱ		‹Ž—Ž'ȱ	ȱȱȱȱȱǞȱ	ǻŠǼȱ
'›ŽŒ˜›œȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ		ȱ ȱ
ȱŽŠ›ȱ	ŘŖŗşȱ	ŚŜśǰŖŖŖȱ	Ȭȱ	ŘśǰŖŖŖȱ	ŗǰŞŗśǰŖŖŖȱ	ŘǰřŖśǰŖŖŖȱ	ŗŖŖƖȱ
ǻЗА'—ȱ'›ŽŒ˜›Ǽȱ	ŘŖŗŞȱ	ŚŚŝǰśŖŖȱ	řŖŖǰŖŖŖȱ	ŘśǰŖŖŖȱ	Ȭȱ	ŝŝŘǰśŖŖ	ŜŗƖȱ
					ȱ	ȱ	ȱ
ȱŽŠȱ	ŘŖŗşȱ	ŝśǰŖŖŖȱ	Ȭ	ŘśǰŖŖŖȱ	Ȭȱ	ŗŖŖǰŖŖŖ	ŗŖŖƖȱ
ǻ˜—Ȭ¡ŽŒž'ŸŽȱ'›ŽŒ˜›Ǽȱ	ŘŖŗŞȱ	ŜŖǰŖŖŖȱ	Ȭȱ	ŘśǰŖŖŖȱ	Ȭȱ	ŞśǰŖŖŖȱ	ŗŖŖƖȱ
	ȱ	ȱ	ȱ		ȱ	ȱ	ȱ
ȱŽŠŸŽ›ǻŒǼȱ	ŘŖŗşȱ	şŘǰŖşŜȱ	Ȭ	śǰŜŞśȱ	Ȭȱ	şŝǰŝŞŗ	ŗŖŖƖȱ
ǻ¡ŽŒž'ŸŽȱ'›ŽŒ˜›Ǽȱ	ŘŖŗŞȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ
ȱŠ–™‹Ž••ȱȱ	ŘŖŗş	82,192	Ȭ	ŝǰŞŖŞȱ	Ȭ	90,000	ŗŖŖƖ
ǻ˜—Ȭ¡ŽŒž'ŸŽȱ'›ŽŒ˜›Ǽ	ŘŖŗŞȱ	77,626 ņņņņņņ	Ȭ ņņņņņņ	ŝǰřŝŚȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŞśǰŖŖŖ ņņņņņņȱ	ŗŖŖƖȱ ȱ
	ŘŖŗş	ŝŗŚǰŘŞŞȱ	Ȭȱ	ŜřǰŚşřȱ	ŗǰŞŗśǰŖŖŖȱ	ŘǰśşŘǰŝŞŗ
	ŘŖŗŞ	śŞśǰŗŘŜȱ	řŖŖǰŖŖŖȱ	śŝǰřŝŚȱ	Ȭȱ	şŚŘǰśŖŖȱ
		ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņȱ	ȱ
ȱ 'Ž›ȱ Ž¢ȱЗАޖޗȱŽ›œ˜——Ž•ȱ	ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ	ȱ ȱ
ȱ ž—Ž›ȱ	ŘŖŗşȱ	řŞśǰŖŖŖȱ	Ȭȱ	ŘśǰŖŖŖȱ	Ȭȱ	ŚŗŖǰŖŖŖȱ	ŗŖŖƖȱ
	ŘŖŗŞȱ	řŝśǰŖŖŖȱ	řŖŖǰŖŖŖȱ	ŘśǰŖŖŖȱ	Ȭȱ	ŝŖŖǰŖŖŖ	śŝƖȱ
ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ
ȱŸŽ›¢ǻǼȱ	ŘŖŗşȱ	ŗŝǰŚŜŜȱ	Ȭȱ	ŗǰŗŜŚȱ	Ȭȱ	ŗŞǰŜřŖ	ŗŖŖƖȱ
	ŘŖŗŞ	Ȭ	Ȭ	Ȭ	Ȭ	Ȭ	Ȭ
		ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ
		ŚŖŘǰŚŜŜȱ	Ȭȱ	ŘŜǰŗŜŚȱ	Ȭȱ	ŚŘŞǰŜřŖ
	ȱ	řŝśǰŖŖŖȱ ņņņņņņ	řŖŖǰŖŖŖȱ ņņņņņņ	ŘśǰŖŖŖȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŝŖŖǰŖŖŖȱ ņņņņņņ	ȱ
ȱ	ŘŖŗş	ŗǰŗŗŜǰŝśŚȱ	Ȭȱ	ŞşǰŜśŝȱ	ŗǰŞŗśǰŖŖŖȱ	řǰŖŘŗǰŚŗŗȱ
ȱ	ŘŖŗŞȱ	şŜŖǰŗŘŜȱ	ŜŖŖǰŖŖŖȱ	ŞŘǰřŝŚȱ	Ȭȱ	ŗǰŜŚŘǰśŖŖ	ȱ
		őőőőőőő	őőőőőőő	őőőőőő	őőőőőő	őőőőőőőȱ	ȱ

DZȱ

ǻǼ ȱƖȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ǻǼ ȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱǰȱȱȱȱȱȱ ȱ¢ǯȱȱ

ǻǼ ȱȱ ȱȱȱȱȱŞȱȱŘŖŗşǯȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ ȱȱŞȱȱŘŖŗşȱȱřŖȱ?ȱŘŖŗşǯȱ

ǻǼ ȱ¢ȱ ȱȱȱȱȱȱȱȱ¢ȱȱȱȱŗřȱ?ȱŘŖŗşȱ ȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱŗȱ?¢ȱŘŖŗşȱȱȱ¡ȱȱ ȱȱȱȱȱǯȱ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱǻǼȱ

¡ȱȱȱ

ȱȱȂȱ¢ȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǰȱ¢ȱȱ¢ȱ ȱȱȱ ȱ¢ȱȱȱȱǯȱ

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱȱ¢ȱȱ¢ǯȱȱȱȱȱ ȱȱ¢ȱȱȱȱȱ¢ȱ ȱȱȱȱȱȱȱȱ¢ȱȱ¢ȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱ¢ǯȱ

ȱ¢ȱ¢ȱȱȱȱȱ¢ȱȱȱ DZȱ

ȱ¢ȱȱǞřŝśǰŖŖŖȱȱDzȱ
ȱȱ¢ȱ¢ȱȱ¡ȱȂȱǰȱȱȱȱȱȱȱǰȱ ȱȱȱ Dzȱ
¢ȱȱȱȱȱȱȱȱDzȱ
¡ȱȱȱȱȱȱȱȱǯȱ

ȱ ¢ȱ ȱ ȱ ȱ ¢ȱ ȱ ¢ȱ ȱ ȱ ȱ ¢ȱ ȱ ǰȱ ǯȱȱȱ¢ȱȱȱȱȱȱ DZȱ

ŽŠ'•œȱ	˜'ŒŽȱ Ž›'˜ȱ ȱ	Š¢–Ž—ȱ'—ȱ •'Žžȱ˜ȱ—˜'ŒŽȱ ȱ	›ŽŠ–Ž—ȱ˜ȱ ȱ˜—ȱ Ž›–'—Š'˜—ȱ ȱ	›ŽŠ–Ž—ȱ˜ȱȱ ˜—ȱŽ›–'—Š'˜—ȱ ȱ
–™•˜¢Ž›ȱ'—''ŠŽȱŽ›–'—Š'˜—ȱ	ŗȱ–˜—'ȱ	ŗȱ–˜—'ȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ
Ž›–'—Š'˜—ȱ˜›ȱœŽ›'˜žœȱ–'œŒ˜—žŒȱ	˜—Žȱ	˜—Žȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ
–™•˜¢ŽŽȱ'—''ŠŽȱŽ›–'—Š'˜—ȱ	ŗȱ–˜—'ȱ	ŗȱ–˜—'ȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ	—ŸŽœŽȱŠ Š›œȱ ˜›Ž'Žȱ

ȱȱȱȱȱ ȱ

ȱȱȂȱȱȱȱȱȱ ǰȱȱȱȱȱȱȱ ȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱ¢ǯȱ

	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗŝȱ	ŘŖŗŜȱ	ŘŖŗśȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ȱ Žȱǻ•˜œœǼȦ™›˜'ȱŠ›'‹žŠ‹•Žȱ˜ȱ–Ž–‹Ž›œȱ˜ȱ'Žȱ™Š›Ž—ȱ Ž—'¢ȱ	ȱ ǻŘǰŖŜŖǰŖŖŘǼȱ	ȱ ŘŘǰŝŗŜǰřŝŜȱ	ȱ ŘŝǰśŖŗǰřśŚȱ	ȱ ŗřǰŝşŞǰřşŚȱ	ȱ ŗŞǰřŘřǰŚŖśȱ
˜–™›Ž'Ž—œ'ŸŽȱǻ•˜œœǼȦ'—Œ˜–ŽȱŠ›'‹žŠ‹•Žȱ˜ȱ–Ž–‹Ž›œȱ ˜ȱ'Žȱ™Š›Ž—ȱŽ—'¢ȱ	Ȭȱ ņņņņņņņņņ	Ȭȱ ņņņņņņņņņ	ǻŜǰśŚŜǰŘŚŖǼȱ ņņņņņņņņņ	ŗřǰŖŘŚǰŚŞŚȱ ņņņņņņņņņ	ǻŗŜǰŗśŞǰŖŖřǼȱ ņņņņņņņņņ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱǻ•˜œœǼȦ'—Œ˜–ŽȱŠ›'‹žŠ‹•Žȱ˜ȱ
–Ž–‹Ž›œȱ˜ȱ'Žȱ™Š›Ž—ȱŽ—'¢ȱ	ǻŘǰŖŜŖǰŖŖŘǼȱ ņņņņņņņņņ	ŘŘǰŝŗŜǰřŝŜȱ ņņņņņņņņņ	ŘŖǰşśśǰŗŗŚȱ ņņņņņņņņņ	ŘŜǰŞŘŘǰŞŝŞȱ ņņņņņņņņņ	ŘǰŗŜśǰŚŖŘȱ ņņņņņņņņņ
'Ÿ'Ž—œȱ™Š'ȱ	ŗŝǰşŘŖǰŗŘŞȱ	ŗŝǰşŘşǰşŗŞȱ	ŘřǰşŖŜǰśśŞ	şǰśŜŘǰŜŘřȱ	ŗŝǰşŘşǰşřŞȱ
'Š›Žœȱ‹˜ž'ȱ‹ŠŒ"ȱ˜—ȱ–Š›"Žȱ	ŚǰŞŝŞǰśŚŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
'Š›Žȱ™›'ŒŽȱ	Řǯśşȱ	ŘǯŜŜȱ	ŗǯŞŜ	ŗǯśŗȱ	ŗǯśŘȱ
'Š—Žȱ'—ȱœ'Š›Žȱ™›'ŒŽȱ	ǻŖǯŖŝǼȱ	ŖǯŞŖȱ	Ŗǯřśȱ	ǻŖǯŖŗǼȱ	ŖǯŗŖȱ
ŽȱŠœœŽœȱ™Ž›ȱœ'Š›Žȱ	ŗǯśřȱ	ȱ ŗǯŝŗȱ	ŗǯŜŜȱ	ȱ ŗǯŜŞȱ	ȱ ŗǯśśȱ
'Š—Žȱ'—ȱ—ŽȱŠœœŽœȱ™Ž›ȱœ'Š›Žȱ	ǻŖǯŗŞǼȱ	ŖǯŖśȱ	ǻŖǯŖŘǼ	Ŗǯŗřȱ	ǻŖǯŖŞǼȱ

ȱȱȱȬȱ

ȱȱ ȱȱȱ ȱȱ?ȱȱȱȱȬȱȱȱȱ¢ǯȱ

To the directors of CVC Limited:

As lead auditor for the audit of the consolidated financial report of CVC Limited for the year ended 30 June 2019, I declare that, to the best of my knowledge and belief, there have been no contraventions of:

(a) the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and
(b) any applicable code of professional conduct in relation to the audit.

This declaration is in relation to CVC Limited and the entities it controlled during the period.

30 August 2019 Partner

Sydney, NSW N J Guest

ǻȱȱȱǼȱ

ȱȱȱȱȱ ȱ ȱȱȱřŖȱ?ȱŘŖŗşȱ

	˜Žœȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	ȱ	Ǟȱ	Ǟȱ
ȱȱ ȱȱ	ȱ	ȱ
ŽŸŽ—žŽ ›˜–ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱŠŒ'Ÿ''Žœȱ	Śȱ	ŚŜǰŗŚřǰŚŞřȱ	řŜǰşŗŚǰŞŝşȱ
—Ž›ŽœȱŠ—ȱŽŽȱ'—Œ˜–Žȱ	Śȱ	ŗŗǰŚŝŚǰŚśŖȱ	ŞǰŖŗŖǰŘşşȱ
Žȱ'—Œ˜–Žȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œȱ	Śȱ	Ȭȱ	ŗśǰśŝşǰśŜŖȱ
ЗАޖޗȱŽŽȱ'—Œ˜–Žȱ	Śȱ	ŗǰśŖŞǰŘŚşȱ	ŗǰŚşŜǰŘśśȱ
'Ž›ȱ'—Œ˜–Žȱȱ	Śȱ	ŗǰŖŘŖǰśŖŖȱ ņņņņņņņņņ	ŘǰŞřŚǰŗŘŞȱ ņņņņņņņņņ
˜Š•ȱ'—Œ˜–Žȱ	ȱ	ŜŖǰŗŚŜǰŜŞŘȱ ņņņņņņņņņ	ŜŚǰŞřśǰŗŘŗȱ ņņņņņņņņņ
'Š›Žȱ˜ȱ—Žȱ™›˜'œȱ˜ȱŠœœ˜Œ'ŠŽœȱŠŒŒ˜ž—Žȱ˜›ȱžœ'—ȱ'ŽȱŽšž'¢ȱ
–Ž'˜ȱ	ŗśȱ ȱ	şǰŚşşǰşŜŞȱ ȱ	ŚŖŖǰŖŝŚȱ
ȱ	ȱ	ȱ
˜—ŸŽ›'‹•Žȱ—˜Žȱ›Š'œ'—ȱŒ˜œœȱ	ȱ	Ȭȱ	ŘŗŚǰŝśŗȱ
˜œȱ˜ȱ•Š—ȱœ˜•ȱ	ŗřȱ	ŗŘǰŘŞŚǰŖřśȱ	ŞǰřŘŗǰŚŘśȱ
˜—›ŠŒȱŒ˜œœȱ	ȱ	ŘśǰŖŞřǰśŗŘȱ	ŗŖǰŞřŖǰśŗşȱ
'›ŽŒ˜›œȱŽŽœȱ	ȱ	ŝŗŚǰŘŞŞȱ	ŞŞśǰŗŘŜȱ
–™•˜¢ŽŽȱŒ˜œœȱ	ȱ	ŝǰŘśśǰŗŝŞȱ	śǰŝŘŖǰśŗŗȱ
'—Š—ŒŽȱŒ˜œœȱ	śȱ	śǰŜśŗǰŖŖŚȱ	ŗǰŝŝŞǰŘşŖȱ
–™Š'›–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œȱ	śȱ	ŘǰşŜřǰśŘŞȱ	ŗŝşǰşŖŚȱ
ސЕȱŽ¡™Ž—œŽœȱ	ȱ	řřŝǰşřŚȱ	ŘŞşǰŚŜŜȱ
ЗАޖޗȱŠ—ȱŒ˜—œž•Š—Œ¢ȱŽŽœȱ	ȱ	ŘǰŞŞŚǰřŝśȱ	ŘǰŘŖŞǰŝŚŚȱ
Žȱ•˜œœȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œȱ	Śȱ	ŞǰŝŗŚǰŘŝŞȱ	Ȭȱ
™Ž›Š'—ȱ•ŽŠœŽȱ›Ž—Š•ȱ	ȱ	śşŚǰŞśśȱ	śśŖǰşŗşȱ
ŸŽ›'ŽŠȱŽ¡™Ž—œŽœȱ	śȱ	ŘǰŗŖŞǰŝŖŖȱ ņņņņņņņņņ	ŗǰśŘřǰŘřŜȱ ņņņņņņņņņ
7RWDOH[SHQVHV		ŜŞǰśşŗǰŜŞŝ ņņņņņņņņņ	řŘǰśŖŘǰŞşŗ ņņņņņņņņņ
›˜'ȱ‹Ž˜›Žȱ›Ž•ŠŽȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ	ȱ	ŗǰŖśŚǰşŜřȱ	řŘǰŝřŘǰřŖŚȱ
—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ	Ŝȱ	ŚŜǰŞŖŚȱ ņņņņņņņņņ	śǰŜśşǰŜŜŘȱ ņņņņņņņņņ
Žȱ™›˜'ȱȱ	ȱ	ŗǰŖŖŞǰŗśşȱ	ŘŝǰŖŝŘǰŜŚŘȱ
Žȱ™›˜'ȱŠ›'‹žŠ‹•Žȱ˜ȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ	ŘŚȱ	řǰŖŜŞǰŗŜŗȱ	ŚǰřśŜǰŘŜŜȱ
Žȱǻ•˜œœǼȦ™›˜'ȱŠ›'‹žŠ‹•Žȱ˜ȱ–Ž–‹Ž›œȱ˜ȱ'Žȱ™Š›Ž—ȱŽ—'¢ȱ	ȱ	ņņņņņņņņņ ǻŘǰŖŜŖǰŖŖŘǼȱ őőőőőőőőő	ņņņņņņņņņ ŘŘǰŝŗŜǰřŝŜȱ őőőőőőőőő
Šœ'ŒȱŠ—ȱ'•žŽȱŽŠ›—'—œȱ™Ž›ȱœ'Š›Žȱ˜›ȱǻ•˜œœǼȦ™›˜'ȱŠ›'‹žŠ‹•Žȱ
˜ȱ'Žȱ–Ž–‹Ž›œȱ˜ȱ'Žȱ™Š›Ž—ȱŽ—'¢ȱ	ŝȱ	ǻŖǯŖŗŝřǼ őőőőőőőőő	ŖǯŗşŖŖ őőőőőőőőő

7KHDERYHVWDWHPHQWRIILQDQFLDOSHUIRUPDQFHLVWREHUHDGLQFRQMXQFWLRQZLWKWKHQRWHVWRWKHILQDQFLDOVWDWHPHQWVVHWRXWRQ SDJHVWR

ǻȱȱȱǼȱ

ȱȱȱ ȱȱȱ ȱ ȱȱȱřŖȱ?ȱŘŖŗşȱ

	˜Žœȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	ȱ	Ǟȱ	Ǟ
›˜'ȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	ȱ ȱ	ȱ ŗǰŖŖŞǰŗśşȱ ņņņņņņņ	ŘŝǰŖŝŘǰŜŚŘ ņņņņņņņ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	ȱ ȱ	ȱ ŗǰŖŖŞǰŗśşȱ őőőőőőő	ŘŝǰŖŝŘǰŜŚŘ őőőőőőő
›'‹žŠ‹•Žȱ˜ȱ	ȱ	ȱ
'Лޑ˜•Ž›œȱ	ȱ	ǻŘǰŖŜŖǰŖŖŘǼȱ	ŘŘǰŝŗŜǰřŝŜȱ
˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ	ŘŚȱ	řǰŖŜŞǰŗŜŗȱ	ŚǰřśŜǰŘŜŜ
	ȱ	ņņņņņņņ ŗǰŖŖŞǰŗśşȱ	ņņņņņņņ ŘŝǰŖŝŘǰŜŚŘ
		őőőőőőő	őőőőőőő

7KHDERYHVWDWHPHQWRIFRPSUHKHQVLYHLQFRPHLVWREHUHDGLQFRQMXQFWLRQZLWKWKHQRWHVWRWKHILQDQFLDOVWDWHPHQWVVHWRXW RQSDJHVWR

ǻȱȱȱǼ

ȱȱȱȱȱ

ȱȱřŖȱ?ȱŘŖŗş

	˜Žœȱ	ȱȱȱȱȱȱȱȱȱȱȱȱ
	ȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	ȱ	Ǟȱ	Ǟȱ
ȱȱ	ȱ	ȱ

Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ŘŜȱ	śŝǰŗśŝǰŝřŝȱ	ŝŗǰŖşřǰŘŞśȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œȱ	şȱ	řśǰŖŞŗǰŘŗřȱ	ŚŗǰŚŝŘǰŘŖŝȱ
˜—›ŠŒȱŠœœŽœȱ	ŗŖ	Ȭ	ŝŚřǰŖśŖȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ŗŘȱ	ŚřǰŗŘŚǰŖřŜȱ	ŚŞǰřŜŞǰŜŗŜȱ
—ŸŽ—˜›'Žœȱ	ŗřȱ	řǰřŘřǰřŘŗȱ	řǰŜŖśǰŜŝŘȱ
'Ž›ȱŠœœŽœȱ	ŗŚȱ	ŗǰŚŗŘǰŝŘŞȱ	řŝŗǰŖŝřȱ
ž››Ž—ȱŠ¡ȱŠœœŽœȱ	Ŝȱ	ŗǰŗŚśǰŚŘŚȱ	Ȭȱ
		ņņņņņņņņņ	ņņņņņņņņņ

	ȱ	ŗŚŗǰŘŚŚǰŚśşȱ	ŗŜśǰŜśřǰşŖřȱ
œœŽœȱŒ•Šœœ''ŽȱŠœȱ'Ž•ȱ˜›ȱœŠ•Žȱ	ŗŗȱ	Ȭȱ	ŗŗǰŜŘŖǰřŚřȱ
		ņņņņņņņņņ	ņņņņņņņņņ
˜Š•ȱŒž››Ž—ȱŠœœŽœ	ȱ	ŗŚŗǰŘŚŚǰŚśşȱ	ŗŝŝǰŘŝŚǰŘŚŜȱ
		ņņņņņņņņņ	ņņņņņņņņņ
Ȭȱȱ	ȱ	ȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œȱ	şȱ	ŗŞǰśŜŞǰŝŝŖȱȱ	ŗŝǰřŗŖǰŞŚŚȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ŗŘȱ	ŚŖǰŗśŜǰŗřŚȱ	śŜǰŜśŗǰŚśŜȱ
—ŸŽ—˜›'Žœȱ	ŗřȱ	ŗşǰśŘŞǰşśŝȱ	ŗŞǰŗśŖǰŞŗŞȱ

—ŸŽœ–Ž—œȱŠŒŒ˜ž—Žȱ˜›ȱžœ'—ȱ'ŽȱŽšž'¢ȱ–Ž'˜ȱ	ŗśȱ	ŚŞǰŚŖşǰŗŗřȱ	řŘǰŚřŜǰŝŖŘȱ
›˜™Ž›¢ǰȱ™•Š—ȱŠ—ȱŽšž'™–Ž—ȱ	ŗŜȱ	řŖŚǰśŚŚȱ	řŚŘǰŞŜŗȱ
—ŸŽœ–Ž—ȱ™›˜™Ž›'Žœȱ	ŗŝȱ	ŘǰŚŖŖǰŖŖŖȱ	ŗǰřśŖǰŖŖŖȱ
'Ž›ȱŠœœŽœȱ	ŗŚȱ	ŗśǰŘŚřǰŗśŝȱ	Ȭȱ
ŽŽ››ŽȱŠ¡ȱŠœœŽœȱ	Ŝȱ	Ȭȱ	řŖŚǰŖŖřȱ
		ņņņņņņņņņ	ņņņņņņņņņ
˜Š•ȱ—˜—ȬŒž››Ž—ȱŠœœŽœȱ	ȱ	ŗŚŚǰŜŗŖǰŜŝśȱ	ŗŘŜǰśŚŜǰŜŞŚȱ
		ņņņņņņņņņ	ņņņņņņņņņ
ȱ	ȱ	ŘŞśǰŞśśǰŗřŚȱ	řŖřǰŞŘŖǰşřŖȱ
		ņņņņņņņņņ	ņņņņņņņņņ

ȱ	ȱ	ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗşȱ	ŗŚǰŗŜŚǰŝŞŜȱȱ	ŗŖǰŗŖŗǰŚşŞȱ
˜—›ŠŒȱ•'Š‹'•''Žœȱ	ŗŖȱ	ŘǰŗřřǰśŖřȱ	Ȭȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•˜Š—œȱŠ—ȱ‹˜››˜ '—œȱ	Řŗȱ	Ȭȱ	ŘǰśŞřǰŗŘŗȱ
›˜Ÿ'œ'˜—œȱ	ŘŖȱ	ŞśŚǰŜşşȱ	ŞŜŝǰŝşŞȱ
ž››Ž—ȱŠ¡ȱ•'Š‹'•''Žœȱ	Ŝȱ	Ȭȱ	ŗǰřŖŗǰŚŝśȱ
		ņņņņņņņņņ	ņņņņņņņņņ
˜Š•ȱŒž››Ž—ȱ•'Š‹'•''Žœ	ȱ	ŗŝǰŗśŘǰşŞŞȱ	ŗŚǰŞśřǰŞşŘȱ
		ņņņņņņņņņ	ņņņņņņņņņ
Ȭȱȱ	ȱ	ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗşȱ	śǰŖŖŖǰŖŖŖȱȱ	Ȭȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•˜Š—œȱŠ—ȱ‹˜››˜ '—œȱ	Řŗȱ	ŞŖǰřřśǰŝŚŘȱ	ŝŞǰŞŚśǰŘŖŗȱ
›˜Ÿ'œ'˜—œȱ	ŘŖȱ	ŗŖŚǰŗřŜȱ	ŘŗǰŖŖśȱ
ŽŽ››ŽȱŠ¡ȱ•'Š‹'•''Žœȱ	Ŝȱ	řǰŚŝřǰśŖŜȱ
		ņņņņņņņņņ	řǰşřŗǰŚŞř ņņņņņņņņņ

˜Š•ȱ—˜—ȬŒž››Ž—ȱ•'Š‹'•''Žœ	ȱ	ŞŞǰşŗřǰřŞŚȱ	ŞŘǰŝşŝǰŜŞşȱ
		ņņņņņņņņņ	ņņņņņņņņņ
ȱ	ȱ	ŗŖŜǰŖŜŜǰřŝŘȱ	şŝǰŜśŗǰśŞŗȱ
		ņņņņņņņņņ	ņņņņņņņņņ
ȱ		ŗŝşǰŝŞŞǰŝŜŘ	ŘŖŜǰŗŜşǰřŚşȱ
		őőőőőőőőő	őőőőőőőőő
ȱ	ȱ	ȱ
˜—›'‹žŽȱŽšž'¢ȱ	ŘŘȱ	şŞǰŝŜŞǰřŖŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ
'Ž›ȱŽšž'¢ȱ	Řřȱ	ŗǰŞŞŗǰŚŖśȱ	ŗǰŞŞŗǰŚŖśȱ

ŽŠ'—ŽȱŽŠ›—'—œȱ	ȱ	ŝşǰŜŘŜǰŗŘŚȱ	şşǰŜŖŜǰŘśŚȱ
'Ž›ȱ›ŽœŽ›ŸŽœȱȱ	Řśȱ	ǻŘŜŜǰŞŖŞǼȱ ņņņņņņņņņ	ǻřŗŞǰŘřŝǼȱ ņņņņņņņņņ

˜Š•ȱ™Š›Ž—ȱŽ—'¢ȱ'—Ž›Žœȱ		ŗŞŖǰŖŖşǰŖŘş	ŘŖŚǰŞŗŜǰŘŝŖȱ
˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ	ŘŚȱ	ǻŘŘŖǰŘŜŝǼȱ ņņņņņņņņņ	ŗǰřśřǰŖŝşȱ ņņņņņņņņņ
		ŗŝşǰŝŞŞǰŝŜŘ
ȱ		őőőőőőőőő	ŘŖŜǰŗŜşǰřŚşȱ őőőőőőőőő

7KHDERYHVWDWHPHQWRIILQDQFLDOSRVLWLRQLVWREHUHDGLQFRQMXQFWLRQZLWKWKHQRWHVWRWKHILQDQFLDOVWDWHPHQWVVHWRXWRQSDJHVWR

ȱȱȱ ȱȱȱȱ

		ȱ	ȱȱȱřŖȱ?ȱŘŖŗşȱ
	˜—›'‹žŽȱ Žšž'¢ȱ Ǟȱ	ŽŠ'—Žȱ ŽŠ›—'—œȱ Ǟȱ	›ŽŸŠ•žŠ'˜—ȱȱ œœŽȱ Ǟȱ	'Ž›ȱŽšž'¢ȱ Ǟȱ	—Ž›œȱ˜ȱ'Žȱ ™Š›Ž—ȱ Ǟȱ	˜—ȬŒ˜—›˜••'—ȱ '—Ž›Žœȱ Ǟȱ	˜Š•ȱ Ǟȱ
ȱŗȱ?ž•¢ȱŘŖŗŞȱ	ŗŖřǰŜŚŜǰŞŚŞ	şşǰŜŖŜǰŘśŚ	ǻřŗŞǰŘřŝǼ	ŗǰŞŞŗǰŚŖś	ŘŖŚǰŞŗŜǰŘŝŖ	ŗǰřśřǰŖŝş	ŘŖŜǰŗŜşǰřŚş
'Ž›ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–ŽȦǻ•˜œœǼȱ ǻ•˜œœǼȦ™›˜'ȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ Ȭȱ őőőőőőőő	ǻŘǰŖŜŖǰŖŖŘǼȱ Ȭȱ őőőőőőőő	Ȭȱ Ȭȱ őőőőőőőő	Ȭȱȱ Ȭȱ őőőőőőőő	ǻŘǰŖŜŖǰŖŖŘǼȱ Ȭȱ őőőőőőőő	řǰŖŜŞǰŗŜŗȱ Ȭȱ őőőőőőőő	ŗǰŖŖŞǰŗśşȱ Ȭȱ őőőőőőőő
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–ŽȦǻ•˜œœǼȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ ņņņņņņņņ ņņņņņņņņ	ǻŘǰŖŜŖǰŖŖŘǼȱ ņņņņņņņņ ņņņņņņņņ	Ȭȱ ņņņņņņņņ ņņņņņņņņ	Ȭȱ ņņņņņņņņ ņņņņņņņņ	ǻŘǰŖŜŖǰŖŖŘǼȱ ņņņņņņņņ ņņņņņņņņ	řǰŖŜŞǰŗŜŗȱ ņņņņņņņņ ņņņņņņņņ	ŗǰŖŖŞǰŗśşȱ ņņņņņņņņ ņņņņņņņņ
'Š›Žȱ˜ȱŠœœ˜Œ'ŠŽȱ›ŽœŽ›ŸŽȱ	Ȭȱ	Ȭȱ	śŗǰŚŘşȱ	Ȭȱȱ	śŗǰŚŘşȱ	Ȭȱ	śŗǰŚŘşȱ
—Œ˜–ŽȱŠ¡ȱ˜—ȱ‹ž¢‹ŠŒ"ȱ›Š—œŠŒ'˜—ȱŒ˜œ 'Š›Žȱ‹ž¢‹ŠŒ"ȱ›Š—œŠŒ'˜—ȱŒ˜œ ›Š—œŠŒ'˜—œȱ ''ȱœ'Лޑ˜•Ž›œDZȱ 'Š›Žȱ‹˜ž'ȱ‹ŠŒ"	ǻŚǰŞŝŖǰŞśŞǼȱ ǻŗŖǰşŝśǼȱ řǰŘşřȱ	Ȭ Ȭ Ȭ	Ȭ Ȭ Ȭ	Ȭ Ȭ Ȭ	řǰŘşř ǻŚǰŞŝŖǰŞśŞǼ ǻŗŖǰşŝśǼ	Ȭ Ȭ Ȭ	ǻŚǰŞŝŖǰŞśŞǼȱ ǻŗŖǰşŝśǼȱ řǰŘşřȱ
Œšž'œ''˜—ȱ˜ȱ'—Ž›Žœȱ'—ȱŒ˜—›˜••ŽȱŽ—''Žœȱ 'œ™˜œŠ•ȱ˜ȱ'—Ž›Žœȱ'—ȱŒ˜—›˜••ŽȱŽ—''Žœȱ Žž›—ȱ˜ȱŒŠ™'Š• 'Ÿ'Ž—œȱ™Š'ȱ	Ȭȱ Ȭȱ Ȭȱ Ȭȱ	Ȭȱ Ȭȱ Ȭȱ ǻŗŝǰşŘŖǰŗŘŞǼȱ	Ȭȱ Ȭȱ Ȭȱ ȱ	Ȭȱ Ȭȱ Ȭȱ Ȭȱ	ǻŗŝǰşŘŖǰŗŘŞǼȱȱ Ȭȱ Ȭȱ Ȭȱ	ǻŚǰŝŞŜǰŘşśǼȱȱ řŘŘǰŚřŖȱ ŘǰřśŞȱ ǻŗŞŖǰŖŖŖǼȱ	řŘŘǰŚřŖȱ ŘǰřśŞȱ ǻŗŞŖǰŖŖŖǼȱ ǻŘŘǰŝŖŜǰŚŘřǼȱ
ȱřŖȱ?ž—ŽȱŘŖŗşȱ	şŞǰŝŜŞǰřŖŞȱ ņņņņņņņņ őőőőőőőő	ŝşǰŜŘŜǰŗŘŚȱ ņņņņņņņņ őőőőőőőő	ǻŘŜŜǰŞŖŞǼȱ ņņņņņņņņ őőőőőőőő	ŗǰŞŞŗǰŚŖśȱ ņņņņņņņņ őőőőőőőő	ŗŞŖǰŖŖşǰŖŘşȱ ņņņņņņņņ őőőőőőőő	ǻŘŘŖǰŘŜŝǼȱ ņņņņņņņņ őőőőőőőő	ŗŝşǰŝŞŞǰŝŜŘȱ őőőőőőőő ņņņņņņņņ
ȱŗȱ?ž•¢ȱŘŖŗŝȱ	ŗŖřǰŜŚŜǰŞŚŞ	őőőőőőőő şŚǰŞŗşǰŝşŜ	őőőőőőőő ǻřŗŞǰŘřŝǼ	őőőőőőőő Ȭ	ŗşŞǰŗŚŞǰŚŖŝ őőőőőőőő	ŘŞŜǰŝŞŖ őőőőőőőő	őőőőőőőő ŗşŞǰŚřśǰŗŞŝ
'Ž›ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–ŽȦǻ•˜œœǼȱ ›˜'ȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ Ȭȱ őőőőőőőő ņņņņņņņņ	ŘŘǰŝŗŜǰřŝŜȱ Ȭȱ ņņņņņņņņ	Ȭȱ Ȭȱ ņņņņņņņņ	Ȭȱȱ Ȭȱ ņņņņņņņņ	ŘŘǰŝŗŜǰřŝŜȱ Ȭȱ ņņņņņņņņ	ŚǰřśŜǰŘŜŜȱ Ȭȱ ņņņņņņņņ	ŘŝǰŖŝŘǰŜŚŘȱ Ȭȱ ņņņņņņņņ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	ŘŘǰŝŗŜǰřŝŜȱ	Ȭȱ	Ȭȱȱ	ŘŘǰŝŗŜǰřŝŜȱ ņņņņņņņņ	ŚǰřśŜǰŘŜŜȱ	ŘŝǰŖŝŘǰŜŚŘȱ
Š•žŽȱ˜ȱŒ˜—ŸŽ›œ'˜—ȱ›''œȱ˜—ȱŒ˜—ŸŽ›'‹•Žȱ—˜Žœȱ 'œ™˜œŠ•ȱ˜ȱ'—Ž›Žœȱ'—ȱŒ˜—›˜••ŽȱŽ—''Žœȱ ›Š—œŠŒ'˜—œȱ ''ȱœ'Лޑ˜•Ž›œDZȱ 'Ÿ'Ž—œȱ™Š'ȱ	Ȭȱ Ȭȱ Ȭȱ ņņņņņņņņ ņņņņņņņņ	Ȭȱ Ȭȱ ǻŗŝǰşŘşǰşŗŞǼȱ ņņņņņņņņ	Ȭȱ Ȭȱ Ȭȱ ņņņņņņņņ	Ȭȱ ŗǰŞŞŗǰŚŖśȱ Ȭȱ ņņņņņņņņ	Ȭȱ ŗǰŞŞŗǰŚŖśȱ ǻŗŝǰşŘşǰşŗŞǼȱ	ŚǰŖşśȱ Ȭȱ ǻřǰŘşŚǰŖŜŘǼȱ ņņņņņņņņ	ŚǰŖşśȱ ŗǰŞŞŗǰŚŖśȱ ǻŘŗǰŘŘřǰşŞŖǼȱ ņņņņņņņņ
ȱřŖȱ?ž—ŽȱŘŖŗŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ	şşǰŜŖŜǰŘśŚȱ ņņņņņņņņ	ǻřŗŞǰŘřŝǼȱ ņņņņņņņņ	ŗǰŞŞŗǰŚŖśȱ ņņņņņņņņ	ŘŖŚǰŞŗŜǰŘŝŖȱ ņņņņņņņņ	ŗǰřśřǰŖŝşȱ ņņņņņņņņ	ŘŖŜǰŗŜşǰřŚşȱ ņņņņņņņņ

ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱWRǯȱȱ

őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőő

ȱȱȱ ȱȱ ȱ ȱȱȱřŖȱ?ȱŘŖŗş

	˜Žœȱ	ȱ ȱ
	ȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	ȱ	Ǟȱ	Ǟȱ
ȱȱȱ ȱ	ȱ	ȱ
Šœ'ȱ›ŽŒŽ'™œȱ'—ȱ'ŽȱŒ˜ž›œŽȱ˜ȱ˜™Ž›Š'˜—œȱȱ	ȱ	řǰŖśŝǰřřŖȱ	ŗŘǰŘŝŖǰŝŚśȱ
Šœ'ȱ™Š¢–Ž—œȱ'—ȱ'ŽȱŒ˜ž›œŽȱ˜ȱ˜™Ž›Š'˜—œȱȱ	ȱ	ǻŗŗǰŖŝŜǰŚŜŘǼȱ	ǻŗŘǰşŘřǰŖŞśǼȱ
ŽȱŒŠœ'ȱ›ŽŒŽ'™œȱ˜›ȱ•Š—ȱ'Ž•ȱ˜›ȱ›ŽœŠ•Žȱ	ȱ	ŗŖǰŜŚśǰŚřřȱ	śǰŘśřǰŖřŞȱ
›˜ŒŽŽœȱ›˜–ȱ'œ™˜œŠ•ȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ȱ	ŗŖŜǰŞşŗǰŝŗŜȱ	ŝśǰřŝŞǰŚŝŘȱ
Š¢–Ž—œȱ˜›ȱ'œ™˜œŠ•ȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ȱ	ǻşřǰŖřŖǰŖŗŗǼȱ	ǻşŘǰŘŞŜǰŚřřǼȱ
Žȱ™›˜ŒŽŽœȱ˜—ȱŒ˜—œ›žŒ'˜—ȱŒ˜—›ŠŒ	ȱ	ŗŖǰŚŚřǰŖřşȱ	ŗşŚǰŖśśȱ
˜Š—œȱ™›˜Ÿ'Žȱ	ȱ	ǻŜşǰŜŞŞǰŘŝŝǼȱ	ǻŘŞǰŜŞŖǰŜşŝǼȱ
˜Š—œȱ›Ž™Š'ȱ	ȱ	ŜŘǰŜşŚǰśŖřȱ	ŘŖǰŜŚŗǰřŚśȱ
'Ÿ'Ž—œȱ›ŽŒŽ'ŸŽȱ	ȱ	řǰŚŗŖǰŖŝŗȱ	ŝǰŚşŜǰŞŘŚȱ
—Ž›Žœȱ›ŽŒŽ'ŸŽȱ	ȱ	śǰŞŜŜǰŘŖŞȱ	ŗŖǰřŘřǰŜřŗȱ
—Ž›Žœȱ™Š'ȱ	ȱ	ǻśǰřřśǰŚŗŗǼȱ	ǻŗŚśǰŞŚŗǼȱ
—Œ˜–ŽȱŠ¡Žœȱ™Š'ȱ	ȱ	ǻŘǰŜŜŜǰŚŘřǼȱ ņņņņņņņ	ǻŜǰŗŝŗǰŞŜŚǼȱ ņņņņņņņ
ŽȱŒŠœ'ȱ™›˜Ÿ'Žȱ‹¢ȦǻžœŽȱ'—Ǽȱ˜™Ž›Š'—ȱŠŒ'Ÿ''Žœ	ŘŜȱ	ŘŗǰŘŗŗǰŝŗŜȱȱ ņņņņņņņ	ǻŞǰŜŚşǰŞŗŖǼȱ ņņņņņņņ
	ȱ	ȱ
ȱȱȱ ȱȱ	ȱ	ȱ
Š¢–Ž—œȱ˜›ȱŠŒšž'œ''˜—ȱŠ—ȱŽŸŽ•˜™–Ž—ȱ˜ȱ'—ŸŽœ–Ž—ȱ™›˜™Ž›'Žœȱ Š¢–Ž—œȱ˜›ȱ™›˜™Ž›¢ǰȱ™•Š—ȱŠ—ȱŽšž'™–Ž—	ȱ ȱ	ǻŞřŝǰŘśŜǼȱ ǻśřǰŚŝŘǼȱȱ	ǻŗǰŗŚŚǰŞŚřǼȱ ǻřŖǰŜŜŖǼȱ
Œšž'œ''˜—ȱ˜ȱœž‹œ''Š›'Žœǰȱ—Žȱ˜ȱŒŠœ'ȱŠŒšž'›Žȱ	ȱ	ǻřǰŗŖŘǰŜřŝǼȱ	Ȭȱ
Œšž'œ''˜—ȱ˜ȱ'—Š—'‹•Žœȱ	ȱ	Ȭȱ	ǻŜǰŗŚŚǼȱ
ŽȱŒŠœ'ȱžœŽȱ'—ȱ'—ŸŽœ'—ȱŠŒ'Ÿ''Žœ	ȱ	ņņņņņņņ ǻřǰşşřǰřŜśǼȱȱ	ņņņņņņņ ǻŗǰŗŞŗǰŜŚŝǼȱ
		ņņņņņņņ	ņņņņņņņ
ȱȱȱ ȱȱ	ȱ ȱ	ȱ ȱ
ޙТ–Ž—ȱ˜ȱ‹˜››˜ '—œȱ	ȱ	ǻŞŗǰŚŞŝǰşŖŗǼȱȱ	ǻŜŜǰŜŜşǰŝśŞǼȱ
›˜ŒŽŽœȱ›˜–ȱ‹˜››˜ '—œȱ	ȱ	ŝŞǰŘŖśǰŜşśȱ	ŜŞǰśŝŖǰŘŝŜȱ
Žȱ™›˜ŒŽŽœȱ›˜–ȱ'œœžŽœȱ˜ȱŒ˜—ŸŽ›'‹•Žȱ—˜Žȱ	ȱ	Ȭȱ	śŝǰŝŗśǰşŗŖȱ
'Ÿ'Ž—œȱ™Š'ȱȱ	ȱ	ǻŘŘǰŞŖşǰŞŜŖǼȱȱ	ǻŘŖǰŚřŞǰŚŖŘǼȱ
Š¢–Ž—œȱ˜›ȱœ'Š›Žȱ‹ž¢Ȭ‹ŠŒ"ȱ	ȱ	ǻŚǰŞŞŗǰŞřřǼȱ	Ȭȱ
Š¢–Ž—œȱ˜›ȱ›Žž›—ȱ˜ȱŒŠ™'Š•ȱ		ǻŗŞŖǰŖŖŖǼȱ ņņņņņņņ	Ȭȱ ņņņņņņņ
ŽȱŒŠœ'ȱǻžœŽȱ'—ǼȦ™›˜Ÿ'Žȱ‹¢ȱ'—Š—Œ'—ȱŠŒ'Ÿ''Žœ	ȱ	ǻřŗǰŗśřǰŞşşǼȱ ņņņņņņņ	řşǰŗŝŞǰŖŘŜȱ ņņņņņņņ
ŽȱǻŽŒ›ŽŠœŽǼȦ'—Œ›ŽŠœŽȱ'—ȱŒŠœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œ	ȱ	ǻŗřǰşřśǰśŚŞǼȱ	ŘşǰřŚŜǰśŜşȱ
Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ'—Š—Œ'Š•ȱ¢ŽŠ›	ȱ ȱ	ȱ ŝŗǰŖşřǰŘŞśȱ	ŚŗǰŝŚŜǰŝŗŜȱ
ȱȱ ȱȱȱ ȱȱȱ ȱȱ		ņņņņņņņ	ņņņņņņņ
	ŘŜȱ	śŝǰŗśŝǰŝřŝȱ őőőőőőőő	ŝŗǰŖşřǰŘŞśȱ őőőőőőőő

7KHDERYHVWDWHPHQWRIFDVKIORZVLVWREHUHDGLQFRQMXQFWLRQZLWKWKHQRWHVWRWKHILQDQFLDOVWDWHPHQWVVHWRXWRQSDJHVWR

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱ

˜Žȱ	ȱ ˜—Ž—œȱ
	ȱ ȱ
ŗǯ	ȱ ŠŽ–Ž—ȱ˜ȱŒŒ˜ž—'—ȱ˜•'Œ'Žœȱ
Řǯ	ȱ ˜—›˜••Žȱ—''Žœȱȱ
řǯ ȱ	ȱ Лޗȱ˜–™Š—¢ȱ—˜›–Š'˜—ȱ
Śǯ	ȱ —Œ˜–Žȱ
śǯ	ȱ ›˜'ȱŽ˜›Žȱ—Œ˜–ŽȱŠ¡ȱ¡™Ž—œŽȱȱ
Ŝǯ ȱ	ȱ —Œ˜–ŽȱŠ¡ȱȱ
ŝǯ	ȱ Š›—'—œȱŽ›ȱ'Š›Žȱȱ
Şǯ	ȱ 'Ÿ'Ž—œȱ
şǯ ȱ	ȱ '—Š—Œ'Š•ȱœœŽœȱȱ–˜›'œŽȱ˜œȱ
ŗŖǯ	ȱ ˜—›ŠŒȱœœŽœȦ˜—›ŠŒȱ'Š‹'•''Žœȱ
ŗŗǯ	ȱ œœŽœȱ•Šœœ''ŽȱŠœȱ Ž•ȱ˜›ȱŠ•Žȱ
ŗŘǯ ȱ	ȱ '—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŠ•žŽȱ'›˜ž'ȱ›˜'ȱ˜›ȱ˜œœȱ
ŗřǯ	ȱ —ŸŽ—˜›'Žœȱ
ŗŚǯ	ȱ 'Ž›ȱœœŽœȱ
ŗśǯ ȱ	ȱ —ŸŽœ–Ž—œȱŒŒ˜ž—Žȱ˜›ȱœ'—ȱ'Žȱšž'¢ȱŽ'˜ȱ
ŗŜǯ	ȱ ›˜™Ž›¢ǰȱ•Š—ȱŠ—ȱšž'™–Ž—ȱ
ŗŝǯ	ȱ —ŸŽœ–Ž—ȱ›˜™Ž›'Žœȱ
ŗŞǯ ȱ	ȱ —Š—'‹•ŽȱœœŽœȱ
ŗşǯ	ȱ ›ŠŽȱŠ—ȱ'Ž›ȱТЋ•Žœȱ
ŘŖǯ Řŗǯ ȱ	ȱ ›˜Ÿ'œ'˜—œȱ ȱ —Ž›ŽœȱŽŠ›'—ȱ˜Š—œȱŠ—ȱ˜››˜ '—œȱ
ŘŘǯ	ȱ ˜—›'‹žŽȱšž'¢ȱ
Řřǯ	ȱ 'Ž›ȱšž'¢ȱ
ŘŚǯ ȱ	ȱ ˜—Ȭ˜—›˜••'—ȱ—Ž›Žœȱ
Řśǯ	ȱ 'Ž›ȱŽœŽ›ŸŽœȱ
ŘŜǯ	ȱ ˜Žœȱ˜ȱŠŽ–Ž—ȱ˜ȱŠœ'ȱ•˜ œȱ
Řŝǯ ȱ	ȱ ž'˜›œȂȱŽ–ž—Ž›Š'˜—ȱȱ
ŘŞǯ	ȱ ˜––'–Ž—œȱŠ—ȱ˜—'—Ž—Œ'Žœȱ
Řşǯ	ȱ ސ–Ž—ȱ—˜›–Š'˜—
řŖǯ ȱ	ȱ Ž•ŠŽȱŠ›¢ȱ—˜›–Š'˜—ȱ
řŗǯ	ȱ ''˜—Š•ȱ'—Š—Œ'Š•ȱ—œ›ž–Ž—œȱ'œŒ•˜œž›Žȱ
řŘǯ	ȱ Š'›ȱŠ•žŽȱŽŠœž›Ž–Ž—œȱ
řřǯ ȱ	ȱ ŸŽ—œȱž‹œŽšžŽ—ȱ˜ȱŽŠ›ȱ—ȱ
řŚǯ	ȱ ›''ŒŠ•ȱŒŒ˜ž—'—ȱœ'–ŠŽœȱŠ—ȱ?žŽ–Ž—œ
řśǯ	ȱ 'Š—Žœȱ'—ȱŒŒ˜ž—'—ȱ˜•'Œ'Žœȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱ

ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱDZȱ

ŗǯŗ ȱȱȱ

ȱ ȱ ȱ ȱ ȱ Ȭȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱŘŖŖŗȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱǰȱ¡ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱǯȱ

ȱȱȱȱȱ¢ȱȱ¢ȱȱ¢ȱȱȱǰȱȱȱ ȱȱȱȱȱ¢ǰȱ ¡ȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱřśǯȱȱȱȱȱȱǰȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱ¡ȱ ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ȱȱȱ

ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱǯȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱ¢ȱȂȱȱǯȱȱ ȱȱȱȱȱȱȱȱ¡¢ǰȱȱȱ ȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱřŚǯȱ

ŗǯŘ ȱȱȱ

ȱȱȱȱ ȱȱȱǰȱ ȱȱȱȱȱǯȱȱ ȱȱȱȱ ȱȱȱȱȱǻǼǯȱ

ȱȱȱȱŗśȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱŗȱ?¢ȱ ŘŖŗŞǯȱȱȱȱȱȱȱȱȱȱȱ ȱȱ¢ȱȱȱȱȱřśǯȱ

ȱ ȱ ȱȱ ȱȱȱȱȱ ȱ ȱȱ¢ȱ ȱ ȱ řŖȱ ?ȱ ŘŖŗşȱ DZȱȱȱ

ǻǼ ȱŗŜȱȱȱ

ȱŗŜȱȱ ȱȱȱ¢ȱŘŖŗŜȱȱȱ¢ȱȱȱȱȱȱȱŗȱ?¢ȱŘŖŗşǯȱȱ ȱȱ ȱȱȱȱȱȱȱ ȱȱȱȱȱȱȬȬȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱŗŘȱǰȱȱȱ¢ȱȱȱȱ ȱǯȱȬȬȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱȱȱǯȱȱȱȱDZȱ

• ȬȬȱȱȱȱȱȱȱȱȱȱȬȱǰȱ ¢ȱȱȬȬȱȱȱȱ ȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱDzȱȱ

• ȱȱȱȱȱȱȱȱȱȱȱȱǰȱ ¢ȱȱ¡ȱȱȱȱ ȱȱȱ¢ȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱȱȱ¢ȱǯȱ

ȱȱ ȱȱ¢ȱȱȱȱȂȱȱǯȱȱȱȱȱǰȱȱȱȬȱ ȱȱȱȱǞřǰŖśŜǰşŘśǰȱȱȱŘŞǯŗǯȱȱȱřŖȱ?ȱŘŖŗşȱȱȱŗŜȱȱ ȱȱȱȱ ȱȱ ȱ DZȱ

''ȱ˜ȱžœŽȱŠœœŽœȱ	ǞŘǰŜşŚǰŝŝśȱ
ŽŠœŽȱ•'Š‹'•'¢ȱ
ȱȱȱȱȱž››Ž—ȱ	ǞśşŝǰŘşŘȱ
ȱȱȱȱȱȱ˜—ȬŒž››Ž—ȱ	ǞŘǰŖşŝǰŚŞřȱ

ȱȱȱȱȱȱȱȱȱȱ ȱȱ ȱȱȱȱȱȱȱȱDZȱ

ǞřŜŘǰŗśŖȱ
ǞŘǰŜşŚǰŝŝśȱ
ņņņņņņņņņ ǞřǰŖśŜǰşŘśȱ őőőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼ

ŗǯř ȱȱȱ

ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱǻȱȃ¢ȄǼȱȱȱȱȱ ȱ¢ȱȱřŖȱ?ȱŘŖŗşȱ ǻȃȄǼǯȱȱ ȱȱȱȱȱȱȱȱ ȱȱ¢ȱ ȱ ȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱǰȱȱ¢ȱȱȱǰȱȱȱ¡ȱȱȱȱ ȱ ȱ ȱ Ȭȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱȱ ȱȱȱȱȱ¢ǯ

ȱ ȱ ȱ ȱȱ ȱ ȱȱ ȱȱȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

Ȭȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱ ȱ ȱ ȱ ȱ ¢ȱȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ¢ȱ ȱ ȱ Ȃȱ ¢ǯȱ ȱȱȱȱ¡ȱȱȱȱȱ¢ȱȱȱ¢ȱ ȱȱȱȱ ȱȱȱȱ ȱȱǯȱȱȱ ȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȬȱȱ ȱȱȱȱȱȱǯȱȱ

ȱ

ȱ ȱ ȱ ǰȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱǯȱȱȱ¢ȱȱ ȱȱȱȱȱȱȱȱ¡ȱȱȂȱȱȱȱȱȱȱȱȱȱȱȱǰȱ ȱ ȱ¡ȱ ȱȂȱ ȱ ȱ ȱ ȱ ȱǯȱ ȱȱ ȱ ȱȱ ȱ ȱ ȱȱ ȱ¢ȱ ȱ ȱ ȱ ȱ ǯȱȂȱ¢ȱ ȱȱȱ ȱ ȇȱȱȱȱȱȱ ȱȱ ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱȂȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ ¢ȱȱȱȱǯȱȂȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱ ¢ȱȱȱǯȱ

ȱ¢ȱȱ

ȱȱȱȱȱ¢ȱȱȱȱȱřȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱ ȱȱ¡ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȃȱȱȱȱ ȱȄȱǯȱ

ȱȱ

Ȃȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱȱȱȱȱ ȱȱȱ¢ȱȱȱȱȱǯȱȇȱ¢ȱȱȱȱȱ ȱȱȂȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱȂȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ǯȱ

ȱ

ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǯȱ ȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱǯȱ ȱȱȱǯȱ

ŗǯŚ Ȭȱȱȱȱȱȱ

Ȭȱȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱ¢ȱǯȱ¢ȱȱȱȱȱ ȱȱȱ¢ȱȱȱ ȱȱȱȱ ȱǰȱ¡ȱ ȱȱȱȱȱ ¡ȱǰȱȱȱ ȱ¢ȱǰȱ ȱȱȱ ȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱǰȱ ȱȱ¢ȱ¡ȱȱ ȱǯȱȱ

ȱȱȱȱȱȱ¢ȱȱȱȱ Ȭ ȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱǰȱȱȱȱ¡ȱȱ¢ȱȱȱȱ ¢ȱǯȱȱȱȱȱȱ¢ȱȱ¢ȱȱȱȱȱȱȱȱȬȱȱȱȱȱȱ ȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŚ ȬȱȱȱȱȱǻǼȱ

Ȭȱȱȱȱȱȱȱ ȱ¢ȱȱȱȱȱȱǯȱȱȱȱ¡ȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

Ȭȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱǯȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱǯȱȱ

ŗǯś ȱ

ȱȱ ȱȱȱȱȱȱȱȱȱ ȱȱȱȱ ȱ¢ȱ ȱȱȱȱ ¢ȱȱȱȱȱȱȱȱȱ¢ȱȱȱǯȱȱȱȱȱȱȱ ȱ ȱȱȱȱȱȱȱȱ¢ȱȱ¢ȱȱȱǯȱȱȱȱȱȱȱȱ ȱ¢ȱ ȱȱȂȱ¢ȱȱ¡ȱȱȱǯȱȬȱȱȱȱ ȱȱȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ¢ȱȱǯȱȱ

ŗǯŜ ȱ

Ȭȱȱȱȱȱȱ

ȱȱ ȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱǰȱ ȱȱǰȱȱȬȱȱ¡ȱȱȱ ȱȱȱȱȱȱǯ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŝ ȱ¡ȱȱȱ¡ȱ

ȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱ ȱȱ¡ȱȱȱȱȱȂȱ¡ȱȱȱȱ¡ȱȱȱ¢ȱȱȱǯȱȱȱ¡ȱ ȱȱȱȱȱȱȱ¡ȱȱȱȱ¡ȱȱ¢ȱȱȱ¢ȱ ȱȱȱȱȱȱȱ¢ȱȱ ǰȱȱȱ¡ȱȱǻȱ¡ȱ Ǽȱȱȱȱȱȱ¢ȱȱȱȱȱǯȱ

ȱȱ¡ȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱ¡ȱȱȱȱȱȱȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ǰȱ¢Ȭ ȱȱȱ ¡ȱȱ ȱȱ ¡ȱǰȱ ȱ ȱ¡ȱ ȱȱȱȱ ȱ ¡ȱȱ ȱȱ ȱȱ ȱȱ¢ȱȱȱȱ¢Ȭ ȱȱȱ¡ȱȱȱȱǯȱȱ ȱȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱȱ ¡ȱȱ ȱ ȱȱȱ¡ȱȱȱȱǯȱȱ

ȱ¢ȱȱȱȱȱ¡ȱȱȱ ȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱ ȱȱȱ¡ȱȱ ȱȱȱȱ ȱȱȱȱȱȱȱȱ¡ȱȱȱȱǯȱ

ȱ¡ȱȱȱȱ¡ȱȱȱȱ¢ȱȱȱ¢ȱȱȱ¡ȱȱȱȱȱ¡ȱȱȱ ȱ¡ȱȱȱȱȱ¡ȱȱȱȱȱȱȱȱ¡ȱ¢ȱȱȱȱ¡ȱ¢ǯȱ

ȱ¡ȱȱȱȱȱ¢ȱȱ¢ȱȱȱȱ¢ȱȱȱȱǯȱ

¡ȱȱȱ

ȱȱȱȱȱ¢ȱȱȱ¡ȱȱȱȱȱřŖȱ?ȱŘŖŖřǯȱȱȱȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱ¡ȱǯȱȱȱȱȱȃȬȱ¡¢Ȅȱȱȱ ȱȱȱȱȱȱ¡ȱȱȱ¡ȱȱȱȱȱȱȱȱ¡ȱȱǯȱȱȱ ¢ȱȱȱȱ¡ȱȱǻȱǼȱȱȱȱȱȱ¡ȱȱǯȱȱȱ¡ȱȱȱȱ ȱȱȱ¡ȱȱ ȱȱȱȱ ȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱ¢ȱ ȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ¡ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¡ȱ ȱǯȱȱ

ȱȱȱ¡ȱ

ǰȱ¡ȱȱȱȱȱȱȱȱȱȱ ȱȱȱ¡ȱǻ Ǽǰȱ¡DZȱ

ȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱ¢ǰȱȱ ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱDzȱ
ȱȱ¢ǰȱ ȱȱȱ ȱȱȱȱ ȱǯȱȱȱ

ȱȱȱȱ ȱȱǰȱȱ¢ȱǰȱȱ¡ȱ¢ȱȱȱȱȱȱȱȱ¢ȱȱȱ ȱȱȱǯȱȱ

ȱ ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ ȱȱȱȱ ȱȱȱȱ ȱȱȱ ȱȱȱǰȱȱ¢ȱǰȱȱ¡ȱ¢ȱȱȱȱȱȱ ǯȱ

ŗǯŞ ȱȱȱȱ

ȱȱȱȱȱ ǰȱȱȱȱȱȱȱȬȱȱ ȱȱȱ¢ȱȱȱȱȱǯȱ

ŗǯş ȱȱȱ¢ȱȱ

ȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱǯȱȱ¢ȱȱȬȱȱȱȱ¢ȱȱȱȱ ȱřŖȱȬȱŚśȱ¢ȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŗŖ ȱȱȱȱȱ

ȱȱȱǰȱ ȱ¢ȱȱřŖȱȬȱŗŘŖȱ¢ȱǰȱȱȱȱȱȱȱȱ¢ȱ ȱȱ¡ȱ ȱǯȱȱȱ ȱȱ ȱȱȱȱȱ ȱȱ ȱǯȱȱ ȱȱ¡ȱȱ ȱȱȱ ȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱȱ

ŗǯŗŗ ȱȱȱȱȱ

ȱȱȱȱȱ¢Ȃȱȱȱȱȱ¡ȱȱȱȱȱȱȱ¢ȱȱȱȱȱǯȱ ȱȱȱȱȱȱ ȱȱ¢Ȃȱȱȱȱȱǰȱ ȱȱȱȱ ȱ¢ȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱȱǯ ȱȱ¢ȱȱȱ¢Ȃȱȱȱȱȱȱȱ ȱȱȱȱ ȱȱ¢ȱȱȱȱǻȱȱȱȱȱȱǼȱȱȱǯȱȱ ȱȱȱȱ ȱȱȱȱȱ ȱȱ ȱǯȱȱ ȱȱ¡ȱȱȱȱȱ ȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱ

ŗǯŗŘ ¢ǰȱȱȱȱȱ

ȱ

ȱȱ¢ǰȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱ

ȱȱ

ȱȱȱ¢ȱȱȱǰȱȱȱǯȱȱȱȱȱȱȱǰȱ ȱ ȱȱȱ ȱ ȱ ȱǯȱ ȱȱȱ ȱ ȱȱȱ ȱ ȱȱȱȱȱ ȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱ¢ȱǯȱ

ȱ¢ǰȱȱȱȱ

ȱȱȱȱȱȱ ȱȱ¢ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱȱǯȱȱȱȱȱȱȱȱǯȱ

ȱȱȱǯȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ ȱȱȱȱǯȱȱȱȱȱȱ¢ȱ¢ȱȱǯȱȱȱȱȱȱȱȱ¢ȱȱ ȱȱȱȱȱǯȱȱȱȱȱ¡ȱȱǯȱȱ

¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱǰȱ¡ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǯ

ȱȱȱ

¢ǰȱȱȱȱȱȦȱȱȱȱȱȱȱȱȱȱȱȱ ȱǰȱ ȱȱ¡ȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱȱ ȱ ȱȱ¢ȱȱ ȱȱ ȱȱȱǰȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱ ȱ ¢ȱȱǯȱȱȱȱȱǰȱȱȱȱ¢ȱȱȱȱȱȱ¢ǯȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱ DZȱ

ȱ •Š—ȱŠ—ȱŽšž'™–Ž—ȱ	śƖȱ˜ȱśŖƖȱ
ȱ ŽŠœŽȱŠœœŽœȱ ȱ	ŗśƖȱ˜ȱŘśƖȱ
ȱ ŽŠœŽ'˜•ȱ'–™›˜ŸŽ–Ž—œȱ	ŘǯśƖȱ˜ȱřŖƖȱ

ȱ¢ȱȱȱȱ ȱȱ ȱ ȱ ȱȱȱȱ ȱǰȱ ȱ ȱȱȱ ȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱ¢ȱȱǯȱ

ŗǯŗř ȱ

ȱȱȱȱȱ ȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱ ȱ ȱ ȱ ȱȱȱ ȱ ȱȱ ȱ ȱ ȱ ȱ ȱȱȱ ȱ ǯȱȱȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱȱȱ¢ȱȱȱȱǯȱ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱǰȱȱȱȱȱȱȱȱȱ ȱ¢ȱȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŗŚ ȱȱȱȱȱ

ǻǼ ȱ

ȱȱȱȱȱȱȱşȱȱȱȱȱȱȱ ȱȱDZȱ

ȱȱȱȱ¢ȱȱȱȱǻȱȱȱȱȱǻǼǰȱȱȱȱȱǼDzȱ ȱ
ȱȱȱȱȱȱǯȱ

ȱȱȱȱȱ¢Ȃȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱ

ȱȱȱȱȱǰȱȱȱȱ ȱȱȱȱȱȱȱȱǯȱȱȱȱ¢ȱ ȱȱȱȱȱȱǰȱȱ ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱǻǼǯȱȱ

ȱȱȱȱ ȱȱ¢ȱ ȱȱȱȱȱȱȱȱǯȱȱ

ǻǼ ȱ

ȱȱǰȱȱȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱǻǼǰȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱ ȱ ȱȱȱ ȱȱ¢ȱ¢ȱȱ ȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ ¢ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȦǻǼǰȱȱ ȱȱ¡ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ȱȱȱȱȱȱȱȱȱǻǼ

ȱDZȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱǰȱ ȱȱȂȱȱ ȱȱ¢ȱ¢ȱȱȱȱǯȱȱȱȱ¢ȱȱȱȱȱǰȱ¡ȱȱ ȱȱȱȱȱȱǰȱȱȱȱȱ¡ȱȱȱȱ ȱȱȱȱ ȱǯȱȱ ȱ ȱ ȱȱǰȱ ȱ ȱ ȱ ȱȱ¢ȱ ȱȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȦǻǼǯȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱǯȱȱ¡ȱȱȱȱȱȱȱȱ ȦǻǼȱȱȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱǯȱ
¢ȱDZȱȱȱȂȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ǰȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ ȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ Ȃȱȱȱȱ¢ȱȱǯȱȱȱǻȱȱȱȱǼȱȱ¢ȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱȱȱȱȱǻǼ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȦǻǼȱȱȱȱȱȱȱȱǯ

ǻǼ ȱ

ȱ¡ȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ ǯȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱȱȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŗś ȱȱ

ǻǼ ȱ

ȱȱȱȱȱȱȱȱȱǯȱ ȱȱǰȱ ȱȱȱȱȱȱ ¢ȱȱȱǯȱ

ǻǼ ȱȱȱ

ȱȱȱȱ¢ȱȱȱǯȱ ȱȱǰȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱ¢ȱȱȱǯȱȱ

ŗǯŗŜ Ȭȱȱȱ ȱ

ȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ǯȱ

ȱȱǰȱȬȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱ ǯȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱȱ ȱ¡ȱȱȱȱ¢ȱǯȱȱ

ȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȬȱ ǯȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¡ȱȱȱȱ¢ȱȱȱǯȱȱ ȱȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱȂȱ¢ǰȱȱȱȱ ¡ȱǯȱ

ŗǯŗŝ ȱȱȱȱ

ȱȱȱȱŗśȱȱȱȱ ȱȱȱŗȱ?¢ȱŘŖŗŞȱ ȱȱȱŗŗŞȱǰȱȱŗŗŗȱ ȱȱȱȱȱȱǯȱȱȱȱřśǯ

ȱ ȱȱȱȱȱȱȱȱȱȱDZȱ

ȱȱ

ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱ¢ǰȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱȱǯȱȱ ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ ȱȱǯȱȱȱ ȱ ǰȱ¡ȱ ȱȱȱ ȱ ȱȱȱ ȱǯȱȱ ȱȱȱ ȱȱȱ¡ǰȱȱȱȱȱȱȱ¢ǰȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱǯȱȱ

ȱȱȱ

ȱȱȱȱȱȱȱȱǯȱȱȱȱ ȱȱȱȱ¢ȱȱ ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱ ¢ȱȱȱȱȱȱȱȱȱǯȱ ǰȱȱȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱȱȱǯȱǰȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ ȱǯȱȱȱȱȱ ȱȱȱȱȱǯȱȱ

ȱȱ

ȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱ ȱȱȱȱȱ¡¢ȱ ȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱǯȱ

ȱȱȬȱȱ

ȱȱȱȱȱȱȱȬȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǰȱ ȱȱ ȱȱȱȱǯȱ

ȱȱȱȱȱȱȱȱȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱǯȱ

ȱȱ¢ȱȱȱȱȱ¢ȱȱȱȱȱ¢ȱȱȱȱǰȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗDZȱ ȱȱ ȱȱǻǼȱ

ŗǯŗŝ ȱȱȱȱǻǼȱ

ȱȱ

ȱȱȱȱȱ ȱȱȱȱȱȱȱȱ ȱȱǯȱȱȱȱȱ ȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱǯȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱ¢ȱȱǯȱ

ȱȱ

ȱȱȱ¡ȱȱȱ¢ȱȱ ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱ¢ȱ¢ȱȱȱ¡ȱȱ¢ǯȱȱȱǰȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱ¢ǯ

ȱ

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ¢ȱ ȱ¢ȱȱȱ ¢ȱȱȱǯȱ

ȱȱȱȱȱȱȱ¢ȱȱ¢ȱ ȱȱȱǯȱȱȱȱȱ ȱȱȱȱ ȱǯȱȱȱȱȱȬȱȱȱȱȱȱȱȱ ȱȱȱȱȱǯȱ

ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ŗǯŗŞ ¢ȱȱ

ǰȱǰȱȱȱȱȱȱ

ȱȱ ȱȱǰȱȱȬ¢ȱȱȱȱȱ¡ȱȱȱȱ ȱŗŘȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱ¢Ȃȱȱȱȱȱȱǯȱ¢ȱȱȱȱȱ ȱ¡ȱȱȱȱ ȱȱȱȱȱȱȃȬȄǯȱ

ȱȱȱ

ȱ¢ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱ¡ȱ ȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱ¢ȱȱȱȱȱǯȱȱ

ŗǯŗş ȱ¢ȱ

¢ȱȱȱȱȱ¢ǯȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱȱ ȱȱ¢ȱ ȱȱǰȱȱȱ¡ǰȱȱȱǯȱȱ

ŗǯŘŖ ȱȱ

ȱȱȱȱȱȱȱ¢ȱȱǰȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ǰȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ŗǯŘŗ ȱȱȱ

ȱȱȱȱȱȱȱȱȦǻǼȱȱȱȱȱȱǰȱȱȱ¡ȱ¢ȱȱȱȱ ¢ȱǻȱȱǼȱȱȱȱǰȱȱ¢ȱȱ ȱȱȱȱ¢ȱǰȱȱ ȱ¢ȱȱǯȱ

ŗǯŘŘ ȱȱ

ȱ¢ǰȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ǯȱ

ŗǯŘř ȱȱ

ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱǯȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘDZȱ ȱȱ

Řǯŗȱ ȱȱȱ ȱ

ȱȱȱȱȱȱ ȱȱǯȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ǯȱȱȱ

ȱȱȱDZ ȱ ȱ

	—Ž›Žœȱ	Ž•ȱ‹¢ȱ	—Ž›Žœȱ	Ž•ȱ‹¢ȱ—˜—Ȭ
		˜—œ˜•'ŠŽȱ—'¢ȱ		Œ˜—›˜••'—ȱ'—Ž›Žœœȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	Ɩȱ	Ɩȱ	Ɩȱ	Ɩȱ
ȱ'–'Žȱ
'›ŽŒȱ˜—›˜••Žȱ—''ŽœDZȱ
Ž—ž›Žȱ¢ȱ'–'Žȱ	Ȭȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
Ž—ž›Žȱȱ¢ȱ'–'Žȱ	Ȭȱ	ŗŖŖ	Ȭ	Ȭȱ
ȱŽ—ž›Žȱ—'ȱ›žœȱ˜ǯŗȱ	Ȭȱ	ŗŖŖ	Ȭȱ	Ȭȱ
•‹Ž–Š›•ŽȱŠ™'Š•ȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖ	Ȭ	Ȭȱ
•‹Ž–Š›•Žȱ•Ž›—ŠŽȱ'—Š—ŒŽȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖ	Ȭȱ	Ȭȱ
•‹Ž–Š›•Žȱ•'ȱ—ŸŽœ–Ž—œȱ—'ȱ›žœȱ	ŗŖŖȱ	ŗŖŖ	Ȭȱ	Ȭȱ
'˜–Ž'ŒŠ•ȱ¢œŽ–œȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱ•Ž›—ŠŽȱž—'—ȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱŽ—•Ž''ȱǻ˜Š—Ǽȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱŽ—•Ž''ȱǻŽŸŽ•˜™Ž›Ǽȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱŠ‹˜˜•ž›Žȱ—'ȱ›žœȱ	ŜŖȱ	ŜŖȱ	ŚŖȱ	ŚŖȱ
ȱ'—Š—ŒŽȱ˜–™Š—¢ȱ¢ȱ'–'Žȱ	Ȭȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱž—œȱЗАޖޗȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱ—ŸŽœ–Ž—ȱЗАޛœȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱ''Š'˜—ȱž—'—ȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱЗАޛœȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱŠœŽ›œȱ—'ȱ›žœȱ	śŖȱ	śŖȱ	śŖȱ	śŖȱ
ȱŽ££Š—'—Žȱ'—Š—ŒŽȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱǻŽ ŒŠœ•ŽǼȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱ›˜™Ž›¢ȱ—ŸŽœ–Ž—œȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ȱŽŽȱ—ŸŽœ–Ž—ȱЗАޛœȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
ȱŽ—Ž Š‹•Žœȱ¢ȱ'–'Žȱ	şŚȱ	şŚȱ	Ŝȱ	Ŝȱ
ȱ˜Œ"'Š–™˜—ȱ—'ȱ›žœȱ	ŞŘȱ	ŞŘȱ	ŗŞȱ	ŗŞȱ
ȱ˜ȱŗȱ¢ȱȱ	ŗŖŖȱ	—ȦŠȱ	Ȭȱ	Ȭȱ
''Ÿȱȱ˜Œ"'Š–™˜—ȱ›žœ	śśȱ	śśȱ	Śśȱ	Śśȱ
ȱ?ȱ˜ǯȱŘȱ¢ȱ'–'Žȱ	śŖȱ	—ȦŠȱ	śŖȱ	—ȦŠȱ
ȱ?ȱ˜ǯȱŘȱ—'ȱ›žœ	śŖȱ	—ȦŠȱ	śŖȱ	—ȦŠȱ
ȱ?ȱ¢ȱ'–'Žȱ	ŜŜǯŝȱ	—ȦŠȱ	řřǯřȱ	—ȦŠȱ
ȱ?ȱ—'ȱ›žœȱ	ŜŜǯŝȱ	—ȦŠȱ	řřǯřȱ	—ȦŠȱ
ȱŗȱȱ¢ȱȱȱ	ŜŜȱ	ŜŜȱ	řŚȱ	řŚȱ
Š›œŽ—ȱŠ›"ȱŽŸŽ•˜™–Ž—ȱ›žœȱ	ŜŜȱ	ŜŜȱ	řŚȱ	řŚȱ
Řȱ—ŸŽœ–Ž—œȱ¢ȱ'–'Žȱȱ	Ȭȱ	ŗŖŖȱ	Ȭ	Ȭȱ
ŠŠ›'ȱŠ™'Š•ȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
'—˜Œȱ¢ȱ'–'Žȱ	şşȱ	şşȱ	ŗȱ	ŗȱ
'ŽȱŒ˜ȱž—ȱ¢ȱ'–'Žȱ	Ȭȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ

ȱȱ¢ȱ ȱ¢ȱȱ ȱ¢ȱȱȱȱȱȱDZ

'—ȱ˜›™˜›Š'˜—ȱžœ›Š•'Šȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
Š–™˜—ȱ'—ȱŠ›"ȱ˜–™Š—¢ȱ¢ȱ'–'Žȱ	ŗŖŖȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘDZȱ ȱȱǻǼȱ

ŘǯŘȱ ȱȱȱ

ȱǻǼȱ ȱ?ȱȱȱ

ȱŘŜȱ?ȱŘŖŗşǰȱȱȱřřǯŚƖȱȱȱȱȱȱ?ȱȱȱȱȱȱǞşǰřřřǰŝřşǯȱ¢ȱȱȱȱ ȱȱ¢ȱȱȱ¡ȱȱȱřřǯřƖȱȱȱ¢ȱȱȱ ȱȱ¢ȱȱȱǞŞŖŝǰŗŝşǯȱȱȱ ȱȱȱȱǞŗŖǰŗŚŖǰşŗŞǯȱȱȱȱȱȱ ȱȱȱȱȱřȱȱȱȱ ȱȱ?ȱȱȱ ȱȱȱȱȱ¢ȱȱȱǯȱ

ȱ¢ȱȱȱȱȱȱ DZȱ

	Ǟ
ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—DZȱ
Šœ'ȱ™Š'ȱ	ŘǰřřŘǰŚŚŜ
ТЋ•ŽœȱǻŠǼȱ	ŝǰŖŖŗǰŘşřȱ
Š››¢'—ȱŠ–˜ž—ȱ™›'˜›ȱ˜ȱŠŒšž'œ''˜—ȱ	ŞŖŝǰŗŝş
	ņņņņņņņņ
˜Š•ȱ™ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—ȱ	ŗŖǰŗŚŖǰşŗŞȱ
	őőőőőőőő

Š'›ȱŸŠ•žŽȱ˜ȱœœŽœȱŠ—ȱ'Š‹'•''Žœȱ˜ȱȱ?ȱ—'ȱ›žœ ŠȱŒšž'œ''˜—DZȱ
Šœ'ȱŠœœŽœȱ	ŘŝǰŗŖŘȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ›ŽŒŽ'ŸŠ‹•Žœȱǻ‹Ǽȱ	ŗřǰşŚŜ
'Ž›ȱŠœœŽœȱǻŒǼȱ	ŗŖǰŘŚŞǰŖŝśȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ǻŗŚşǰŗŖŖǼ
˜Š•ȱ'Ž—''Š‹•Žȱ—ŽȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ	ņņņņņņņņ ŗŖǰŗŚŖǰŖŘřȱ
ŽœœDZȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›ŽœȱǻǼȱ	Şşś
˜—œ'Ž›Š'˜—ȱ˜›ȱŠŒšž'œ''˜—	ņņņņņņņņ ŗŖǰŗŚŖǰşŗŞ őőőőőőőő
Šœ'ȱ˜ž•˜ ȱ
Šœ'ȱŒ˜—œ'Ž›Š'˜—ȱ	ŘǰřřŘǰŚŚŜȱ
ŽœœDZȱ‹Š•Š—ŒŽœȱŠŒšž'›Žȱ
ȱȱȱȱȱȱŠœ'ȱ	ǻŘŝǰŗŖŘǼȱ
Žȱ˜ž•˜ ȱ˜ȱŒŠœ'ȱȮȱ'—ŸŽœ'—ȱŠŒ'Ÿ''Žœȱ	ņņņņņņņņ ŘǰřŖśǰřŚŚȱ
	őőőőőőőő

ǻǼ ȱ¢ȱȱȱ¢ȱȱǞŚǰŚŖśǰŖśŗȱ ȱȱȱȱȱȱȱ?ȱŘŖŘŖȱȱǞŘǰśşŜǰŘŚŘȱ ȱȱȱȱȱȱ ȱȱŘŖŘŖǯȱ

ǻǼ ȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ǻǼ ȱȱȱȱȱȱȱȱȱȱȱȱ¢ǰȱȬȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱ£ȱȱȱǯȱ

ǻǼ ȱȱȱȱȬȱȱȱȱȬȱȂȱȱȱȱȱȱȱ ǯȱȱȱ

ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱ¢ǯȱȱȱȱȱȱȱŗȱ?¢ȱŘŖŗŞǰȱȱȬȱȱ ȱȱȱȱȱȱȱ ¡ȱȱȱ¢ȱ ȱȱȱǞŜśśǯȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘDZȱ ȱȱǻǼȱ

ŘǯŘȱ ȱȱȱǻǼȱ

ȱǻǼȱ ȱ?ȱǯȱŘȱȱȱ

ȱŘŜȱ?ȱŘŖŗşǰȱȱȱřřǯřƖȱȱȱȱȱȱ?ȱǯȱŘȱȱȱȱȱȱǞŞŚŘǰŗŝŚǯȱ¢ȱȱȱ ȱȱȱ¢ȱȱȱ¡ȱȱȱŗŜǯŝƖȱȱȱ¢ȱȱȱ ȱȱ¢ȱȱȱǞřŘřǰśŚřǯȱȱ ȱȱȱȱǞŗǰŗŜśǰŝŗŝǯȱȱȱȱȱȱ ȱȱȱȱȱřȱȱȱȱ ȱȱ?ȱȱȱ ȱȱȱȱȱ¢ȱȱȱǯȱ

ȱ¢ȱȱȱȱȱȱ DZȱ

	Ǟȱ
ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—DZȱ
Šœ'ȱ™Š'ȱ	ŞŚŘǰŗŝŚȱ
Š››¢'—ȱŠ–˜ž—ȱ™›'˜›ȱ˜ȱŠŒšž'œ''˜—ȱ	řŘřǰśŚř
˜Š•ȱ™ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—ȱ	ņņņņņņņņ ŗǰŗŜśǰŝŗŝȱ
	őőőőőőőő

ȱȱȱȱȱȱȱȱ?ȱǯȱŘȱȱȱȱ DZȱ ȱȱ ŚŚǰŞŞŗ ȱȱȱȱǻǼȱ ŗǰşŖŞȱ ȱȱǻǼȱ ŗǰŚŚřǰŘŖŞ ȱȱȱ¢ȱ ǻşśśǼȱ ņņņņņņņņ ȱȱȱȱȱȱȱ ŗǰŚŞşǰŖŚŘ DZȱȬȱȱǻǼȱ ǻřŘřǰřŘśǼȱ ņņņņņņņņ ȱȱ ŗǰŗŜśǰŝŗŝȱ őőőőőőőő ȱ ȱ ȱȱ ŞŚŘǰŗŝŚ DZȱȱȱ ȱ ȱȱȱȱȱȱ ǻŚŚǰŞŞŗǼ ņņņņņņņņ ȱ ȱȱȱȮȱȱȱ ŝşŝǰŘşř

ǻǼ ȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ǻǼ ȱȱȱȬȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱ£ȱȱȱǯȱ

őőőőőőőő

ǻǼ ȱȱȱȱȬȱȱȱȱȬȱȂȱȱȱȱȱȱȱ ǯȱȱȱ

ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱ¢ǯȱȱȱȱȱȱȱŗȱ?¢ȱŘŖŗŞǰȱȱȬȱȱ ȱȱȱǞŗŖȱȱȱȱ ¡ȱȱȱ¢ȱ ȱȱȱǞŘŝśǯȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘDZȱ ȱȱǻǼȱ

ŘǯŘȱ ȱȱȱǻǼȱ

ǻǼȱ ȱȱȱȱ

ȱ¢ȱȱȱȱȱȱ DZȱ

	Ǟȱ
ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—DZȱ
Šœ'ȱ™Š'ȱ	Řȱ
Š››¢'—ȱŠ–˜ž—ȱ™›'˜›ȱ˜ȱŠŒšž'œ''˜—ȱ	Ȭȱ
˜Š•ȱ™ž›Œ'ŠœŽȱŒ˜—œ'Ž›Š'˜—ȱ	ņņņņņņņņ Řȱ
	őőőőőőőő

ȱȱȱȱȱ?ȱ¢ȱȱȱȱ?ȱǯȱŘȱ¢ȱȱ

ŠȱŒšž'œ''˜—DZȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ›ŽŒŽ'ŸŠ‹•ŽœȱǻŠǼȱ	Ř
˜—œ'Ž›Š'˜—ȱ˜›ȱŠŒšž'œ''˜—	ņņņņņņņņ Řȱ őőőőőőőő
Šœ'ȱ˜ž•˜ ȱ Šœ'ȱŒ˜—œ'Ž›Š'˜—ȱ	Řȱ
ŽœœDZȱ‹Š•Š—ŒŽœȱŠŒšž'›Žȱ ȱȱȱȱȱȱŠœ'ȱ	Ȭȱ
Žȱ˜ž•˜ ȱ˜ȱŒŠœ'ȱȮȱ'—ŸŽœ'—ȱŠŒ'Ÿ''Žœȱ	ņņņņņņņņ Řȱ

ǻǼ ȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ǻǼ ȱȱȱȱȬȱȱȱȱȬȱȂȱȱȱȱȱȱȱǯȱȱȱ

őőőőőőőő

ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǯȱ ȱȱȱȱȱȱŗȱ?¢ȱŘŖŗŞǰȱȱ ȱȱȱȱȱȱȬȱȱȱȱȱ¡ȱ ȱȱ¢ǯȱȱ

ȱ ȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗŞǯȱ

Řǯřȱ ȱȱȱȱ

ȱǻǼȱȱȱ

ȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱǰȱȱȱȱǰȱ ȱȱȱǰȱȱ?ȱǯȱŘȱȱȱȱȱȱȱǰȱ ȱȱȱȱȱȱȱ ȱȱȱȱȱǯȱȱȱȱȱȱȱ¢ȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱ

ȱ¢ȱȱȱȱȬȱȱȱȱȱȱȱ ȱȱȱȱȱȱ ȱ ȱȱ¢ȱȱȱȱ¢ȱȱǞŘŘŖǰŘŜŝȱǻŘŖŗŞDZȱȱȱȱǞŗǰřśřǰŖŝşǼǯȱȱȱȱŘŚǯȱ

ǻǼȱȱȱDZȱ

ȱȱ ȱȱȱȱȱȱȬȱȱȱȱȱȱǯȱȱ

ȱŠ‹˜˜•ž›Žȱ—'ȱ›žœDZȱ	ȱŠȱŒ˜––Ž›Œ'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱŠ‹˜˜•ž›ŽǰȱžŽŽ—œ•Š—ǯȱ
ȱŠœŽ›œȱ—'ȱ›žœDZȱ	ȱŠȱŒ˜––Ž›Œ'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱ˜›ȱŠŒšžŠ›'ŽǰȱŽ ȱ˜ž'ȱŠ•Žœǯȱ
''Ÿȱȱ˜Œ"'Š–™˜—ȱ›žœDZȱ	ȱŠȱ›Žœ'Ž—'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱ˜Œ"'Š–™˜—ǰȱžŽŽ—œ•Š—ǯȱ
ȱ?ȱ˜ǯȱŘȱ—'ȱ›žœDZȱ	ȱŠȱ›Žœ'Ž—'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱž››Ž••ŠǰȱŽ ȱ˜ž'ȱŠ•Žœǯȱ
Š›œŽ—ȱŠ›"ȱŽŸŽ•˜™–Ž—ȱ›žœDZȱ	Šȱ›Žœ'Ž—'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱ'ŸŽ›œ˜—ŽǰȱŽ ȱ˜ž'ȱŠ•Žœǯ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŘDZȱ ȱȱǻǼȱ

Řǯřȱ ȱȱȱȱǻǼȱ

ǻǼȱȱȱDZȱ

ȱȱ ȱȱȱȱȱȱȱ¢ȱȱȱȬȱȱȱȱȱȱǯȱȱȱȱȱȱ¢ȱȱȱȬ¢ȱǯȱ

	Š›œŽ—ȱŠ›"ȱŽŸŽ•˜™–Ž—ȱ›žœȱ		ȱŠ‹˜˜•ž›Žȱ—'ȱ›žœȱ		''Ÿȱȱ˜Œ"'Š–™˜—ȱ›žœȱ		ȱ?ȱ˜ǯȱŘȱ—'ȱ›žœȱ		ȱŠœŽ›œȱ—'ȱ›žœȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟ
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱ ™˜œ''˜—
ž››Ž—ȱŠœœŽœȱ	ŘǰşŖŘȱ	ŘǰŘŗŞȱ	śŗŝǰŗŚŝȱȱ	ŘǰřŖŘǰŚŚřȱ	řǰřŝŗǰřŗŚȱ	řǰŝŚşǰśřŜȱ	ŚŜǰŝŞşȱȱ	Ȭȱ	ŚǰśśŞǰŞŝŖȱ	ŘŗǰŚśŞǰŖŖŞȱ
ž››Ž—ȱ•'Š‹'•''Žœȱ	ŗŘǰŘşŘȱ	ŘŖǰŜŘŖȱ	ŜŚśǰŖŜśȱ	ŗŖǰŜşŗǰŚŝŖȱ	ŘǰřřŖǰŝşŖȱ	ŘǰřŚşǰŖŗřȱ	şśśȱ	Ȭȱ	ŚǰśŜŖǰŝŖŜȱ	ŘǰśŜşǰŖŞŗȱ
ž››Ž—ȱ—ŽȱŠœœŽœȱ	ǻşǰřşŖǼȱ ņņņņņņņ	ǻŗŞǰŚŖŘǼȱ ņņņņņņņ	ǻŗŘŝǰşŗŞǼȱ ņņņņņņņ	ǻŞǰřŞşǰŖŘŝǼȱ ņņņņņņņ	ŗǰŖŚŖǰśŘŚȱ ņņņņņņņ	ŗǰŚŖŖǰśŘřȱ ņņņņņņņ	ŚśǰŞřŚȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ǻŗǰŞřŜǼȱ ņņņņņņņ	ŗŞǰŞŞŞǰşŘŝȱ ņņņņņņņ
	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ
˜—ȬŒž››Ž—ȱ•'Š‹'•''Žœȱ ˜—ȬŒž››Ž—ȱŠœœŽœȱ	ŗŘǰŖŜŜǰŗŖŖȱ ŗŚǰŝŗŘǰŗŖŗȱ	ŗŗǰŝşŗǰřŗśȱ ŗŚǰŖŞŖǰŜŞřȱ	şǰŞŜŘǰŞśŝȱȱ şǰşŚŜǰŚŚřȱ	ŝǰŝŖşǰśŖŘȱ Ȭȱ	Ȭȱ Ȭȱ	Ȭȱ Ȭȱ	ŗǰŘŚŝǰŜşşȱȱ Ȭȱ	Ȭȱ Ȭȱ	Ȭȱ Ȭȱ	Ȭȱ Ȭȱ
˜—ȬŒž››Ž—ȱ—ŽȱŠœœŽœȱ	ǻŘǰŜŚŜǰŖŖŗǼȱ ņņņņņņņ	ǻŘǰŘŞşǰřŜŞǼȱ ņņņņņņņ	ǻŞřǰśŞŜǼȱ ņņņņņņņ	ŝǰŝŖşǰśŖŘȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ŗǰŘŚŝǰŜşşȱȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ
ŽȱŠœœŽœȱ	ǻŘǰŜśśǰřşŗǼȱ ņņņņņņņ	ǻŘǰřŖŝǰŝŝŖǼȱ ņņņņņņņ	ǻŘŗŗǰśŖŚǼȱ ņņņņņņņ	ǻŜŝşǰśŘśǼȱ ņņņņņņņ	ŗǰŖŚŖǰśŘŚȱ ņņņņņņņ	ŗǰŚŖŖǰśŘřȱ ņņņņņņņ	ŗǰŘşřǰśřřȱȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ǻŗǰŞřŜǼȱ ņņņņņņņ	ŗŞǰŞŞŞǰşŘŝȱ ņņņņņņņ
ŒŒž–ž•ŠŽȱȱ	ǻŗǰřŚŘǰŞśŖǼȱȱ	ǻŗǰŘŗşǰřŗŝǼȱ	ǻŞŚǰŜŖŗǼȱȱ	ǻŘŝŗǰŞŗŖǼȱ	śŗşǰŝŚŘȱ	ŜşşǰŝŚŘȱ	řŘřǰřŘśȱ	Ȭȱ	ǻřŖǰŚşŘǼȱ	ŗǰŝśŖǰśŝŜȱ
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ Œ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ ŽŸŽ—žŽ	ŚŗŖǰşŖşȱ	śŗŜǰřŜŚȱ	ŘǰŖŗřǰŚŜŗȱ	ŘřǰŚşŗǰŜŚŞȱ	ŗǰŖŝŗǰśŘŚȱ	ŗǰŝşśǰŚŘřȱ	ŗşȱ	Ȭȱ	ŚřǰŜşŗǰŞśŖȱ	ŗřǰřŜŗǰŞşŖȱ
'Ž›ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ ȱǻ˜œœǼȦ™›˜'ȱ˜›ȱ'Žȱ™Ž›'˜ȱ	ǻřŚŝǰŜŘŗǼȱ Ȭȱ	ǻŞŖŘǰřŘśǼȱ Ȭȱ	ŜřśǰŜřŚȱ Ȭȱ	ŚǰřŚřǰŚşśȱ Ȭȱ	ŗŖǰŗŜŗȱ Ȭȱ	ŘŚŖǰŗŝŖȱ Ȭȱ	ǻśśŖǼȱ Ȭȱ	Ȭȱ Ȭȱ	ŜǰŗŞŜǰřŖŞȱ Ȭȱ	ŗřǰŗŜşǰŚŞśȱ Ȭȱ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ	ǻřŚŝǰŜŘŗǼȱȱ ņņņņņņņ	ǻŞŖŘǰřŘśǼȱ ņņņņņņņ	ŜřśǰŜřŚȱ ņņņņņņņ	ŚǰřŚřǰŚşśȱ ņņņņņņņ	ŗŖǰŗŜŗȱ ņņņņņņņ	ŘŚŖǰŗŝŖȱ ņņņņņņņ	ǻśśŖǼȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ŜǰŗŞŜǰřŖŞȱ ņņņņņņņ	ŗřǰŗŜşǰŚŞśȱ ņņņņņņņ
ȱǻ˜œœǼȦ™›˜'ȱŠ••˜ŒŠŽȱ˜ȱȱ	ǻŗŘŗǰŜřŘǼȱȱ	ǻŘŞŖǰŝřŚǼȱ	ŘśŚǰŘśŚȱ	ŗǰŝřŝǰřşŞȱ	śǰśŞşȱ	ŗřŘǰŖşŚȱ	Ȭȱ	Ȭȱ	ŘǰşŘŝǰŗŖŘȱ	ŘǰşŚŞǰŝŗŞȱ

ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŘDZȱ ȱȱǻǼȱ

Řǯřȱ ȱȱȱȱǻǼȱ

ǻǼȱȱȱȱǻǼDZȱ

	Š›œŽ—ȱŠ›"ȱŽŸŽ•˜™–Ž—ȱ ›žœȱ		ȱŠ‹˜˜•ž›Žȱ—'ȱ›žœȱ		''Ÿȱȱ˜Œ"'Š–™˜—ȱ›žœȱ		ȱ?ȱ˜ǯȱŘȱ—'ȱ›žœȱ		ȱŠœŽ›œȱ—'ȱ›žœ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
'Ÿ'Ž—œȱ™Š'ȱ˜ȱȱ	Ȭȱ	Ȭȱ	ŜŝǰŖŚśȱ	ŗǰŝŜŝǰŝŝśȱ	śǰśŞşȱ	ŗřŘǰŖşŚȱ	Ȭȱ	Ȭȱ	ŚǰŝŖŞǰŗŝŖȱ	ŗǰřŞŝǰŚŚřȱ
Šœ'ȱ•˜ œȱ›˜–ȦǻžœŽȱ'—Ǽȱ˜™Ž›Š'—ȱŠŒ'Ÿ''Žœȱ ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱŒŠœ'ȱ•˜ œ	ŗŘŝǰŚŗřȱ	ŗŝŜǰŝřŖȱ	ŞŝŗǰŖřŗȱ	řǰŞŗşǰŚŜśȱ	řŖŘǰŝŞŗȱ	ǻŜşǰŘřśǼȱ	ǻŘşŜǰŘŝŚǼȱ	Ȭȱ	ŗşǰşřřǰŜŜŗȱ	şǰŘŝŖǰŘŘśȱ
Šœ'ȱ•˜ œȱǻžœŽȱ'—ǼȦ›˜–ȱ'—Š—Œ'—ȱŠŒ'Ÿ''Žœȱ Žȱ˜›Ž'—ȱŽ¡Œ'Š—Žȱ'Ž›Ž—ŒŽœȱ	ǻŗŘŜǰŝŘşǼȱ Ȭȱ	ǻŗŝŝǰŖŖŖǼȱ Ȭȱ	ǻŞŝŘǰŖŚśǼȱ Ȭȱ	ǻřǰŚŘřǰŖśŘǼȱ Ȭȱ	ǻřŜŖǰŖŖŖǼȱ Ȭȱ	ǻŚŖŖǰŖŖŖǼȱ Ȭȱ	ŘşŝǰŝŜŖȱ Ȭȱ	Ȭȱ Ȭȱ	ǻŗśǰşŞŞǰŖşřǼȱ Ȭȱ	ǻŞǰŞŝŜǰŖŚřǼȱ Ȭȱ
Žȱ'—Œ›ŽŠœŽȦǻŽŒ›ŽŠœŽǼȱ'—ȱŒŠœ'ȱŠ—ȱŒŠœ'ȱ Žšž'ŸŠ•Ž—œȱ	ŜŞŚȱ ņņņņņņņ ņņņņņņņ	ǻŘŝŖǼȱ ņņņņņņņ ņņņņņņņ	ǻŗǰŖŗŚǼȱ ņņņņņņņ ņņņņņņņ	řşŜǰŚŗřȱ ņņņņņņņ ņņņņņņņ	ǻśŝǰŘŗşǼȱ ņņņņņņņ ņņņņņņņ	ǻŚŜşǰŘřśǼȱ ņņņņņņņ ņņņņņņņ	ŗǰŚŞŜȱ ņņņņņņņ ņņņņņņņ	Ȭȱ ņņņņņņņ ņņņņņņņ	řǰşŚśǰśŜŞȱ ņņņņņņņ ņņņņņņņ	řşŚǰŗŞŘȱ ņņņņņņņ ņņņņņņņ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřDZȱ ȱȱ

ȱȱȱȱȱȱȱȱȱ¢ǰȱȱǰȱȱȱ DZȱ

Ǽ ȱȱ ȱȱ

ȱ	ȱ ŘŖŗşȱ	ŘŖŗŞȱ
ȱ	ȱ Ǟȱ ȱ ȱ	Ǟȱ
—Ž›ŽœȱŠ—ȱŽŽȱ'—Œ˜–Žȱ	ȱ řǰŜŜŚǰŜŚŝȱ	ŘǰŗŞŝǰŜŗşȱ
Žȱ'—Œ˜–Žȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œȱȱ	ȱ Ȭȱ	ŚŗǰśřŚǰŝŘŝȱ
–™Š'›–Ž—ȱ›ŽŒ˜ŸŽ›¢ȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽȱŠȱŠ–˜›'œŽȱŒ˜œȱ	ȱ śǰŚŗśǰŖŝřȱ	Ȭȱ
'Ž›ȱ'—Œ˜–Žȱȱ	ȱ ŞŘǰśŘŞȱ	ŚŚǰŖŝśȱ
˜Š•ȱ'—Œ˜–Žȱ	ņņņņņņņņ ȱ şǰŗŜŘǰŘŚŞȱ ņņņņņņņņ	ņņņņņņņņ ŚřǰŝŜŜǰŚŘŗȱ ņņņņņņņņ
ȱ	ȱ ȱ
˜—ŸŽ›'‹•Žȱ—˜Žȱ›Š'œ'—ȱŒ˜œœȱ	ȱ Ȭȱ	ŘŗŚǰŝśŗȱ
–™Š'›–Ž—ȱ˜ȱ•˜Š—œȱ˜ȱ˜'Ž› Œ˜›™˜›Š'˜—œȱ	ȱ ŗǰśśŞǰŗŘŜȱȱ	ŗŖŝǰŚŝŚȱ
ЗАޖޗȱŠ—ȱŒ˜—œž•Š—Œ¢ȱŽŽœȱ	ȱ ŞǰŗŞŜǰŖŞřȱȱ	ŝǰşşŝǰŝřŗȱ
Žȱ•˜œœȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œȱ	ȱ ŗǰşŘŖǰŞŖŗȱ	Ȭȱ
'—Š—ŒŽȱŒ˜œœȱ	ȱ şǰŘŘŗǰśŜŞȱȱ	ŜǰŞŜŗǰŘŞŘȱ
'Ž›ȱŽ¡™Ž—œŽœȱ	ȱ ŗǰŘŚŘǰŗŗśȱ ņņņņņņņņ	ŞŘŝǰŖŚŞȱ ņņņņņņņņ
Žȱǻ•˜œœǼȦ™›˜'ȱ‹Ž˜›Žȱ›Ž•ŠŽȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ	ȱ ǻŗŘǰşŜŜǰŚŚśǼȱȱ	ŘŝǰŝśŞǰŗřśȱ
—Œ˜–ŽȱŠ¡ȱǻ‹Ž—Ž'ǼȦŽ¡™Ž—œŽȱ	ȱ ȱ ȱ ǻŚǰśşŝǰŖşŜǼȱȱ	śǰŞŘŘǰŝśŚȱ
Žȱǻ•˜œœǼȦ™›˜'ȱ	ņņņņņņņņ ȱ ǻŞǰřŜşǰřŚşǼȱ	ņņņņņņņņ ŘŗǰşřśǰřŞŗȱ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱǻ•˜œœǼȦ'—Œ˜–Žȱ˜›ȱ'Žȱ¢ŽŠ›ȱ	ņņņņņņņņ ȱ ǻŞǰřŜşǰřŚşǼ őőőőőőőő	ņņņņņņņņ ŘŗǰşřśǰřŞŗ őőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřDZȱ ȱȱȱǻǼ

Ǽ ȱȱȱȱ

ȱ	ȱ ŘŖŗş	ŘŖŗŞȱ
ȱ	ȱ Ǟȱ	Ǟȱ
ȱ	ȱ
Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ȱ řŞǰŗŜŘǰśŜşȱȱ	ŜśǰřśŞǰŞŜŝȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œ	ȱ ŞǰŗŘŞǰşŗŜ	ŜǰşŞŘǰŞŜŞȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ȱ ŘŖǰŝřŖǰřŗŖȱ	ŚŘǰřŜŚǰŘřşȱ
'Ž›ȱŠœœŽœȱ	ȱ ŗǰřşŞǰŘřřȱ	řŘŖǰśřřȱ
ž››Ž—ȱŠ¡ȱŠœœŽœ	ȱ ŗǰŗŚśǰŚŘś	Ȭȱ
˜Š•ȱŒž››Ž—ȱŠœœŽœȱ	ņņņņņņņņņ ȱ ŜşǰśŜśǰŚśř	ņņņņņņņņņ ŗŗśǰŖŘŜǰśŖŝ
Ȭȱȱ	ņņņņņņņņņ ȱ	ņņņņņņņņņ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œ	ȱ śŜǰŚŚŖǰŜŗřȱ	řŜǰŘŖŗǰŝŘŚȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ȱ ŗŘŚǰŖŚŞǰŖŝş	ŗřřǰŚŗşǰŘŚřȱ
'Ž›ȱŠœœŽœȱ	ȱ řǰśśŗǰŞŝśȱ	Ȭȱ
ŽŽ››ŽȱŠ¡ȱŠœœŽœȱ	ȱ ŗǰŗśśǰśŝř ȱ ņņņņņņņņņ	Ȭȱ ņņņņņņņņņ
˜Š•ȱ—˜—ȬŒž››Ž—ȱŠœœŽœȱ	ȱ ŗŞśǰŗşŜǰŗŚŖ ȱ	ŗŜşǰŜŘŖǰşŜŝ
ȱȱ	ņņņņņņņņņ ȱ ŘśŚǰŝŜŗǰśşř ņņņņņņņņņ	ņņņņņņņņņ ŘŞŚǰŜŚŝǰŚŝŚȱ ņņņņņņņņņ
ȱȱ	ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ȱ śǰŞŖŞǰŖŘřȱȱ	ŗǰşŘŝǰşŞŚȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•˜Š—œȱŠ—ȱ‹˜››˜ '—œȱ	ȱ Ȭ	ŘǰśŞřǰŗŘŗȱ
ž››Ž—ȱŠ¡ȱ•'Š‹'•''Žœȱ	ȱ Ȭȱ ņņņņņņņņņ	ŗǰŘŝŗǰŚşŗȱ ņņņņņņņņņ
˜Š•ȱŒž››Ž—ȱ•'Š‹'•''Žœȱ	ȱ śǰŞŖŞǰŖŘřȱȱ ņņņņņņņņņ	śǰŝŞŘǰśşŜȱ ņņņņņņņņņ
Ȭȱȱ	ȱ ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ȱ śǰŖŖŖǰŖŖŖ	Ȭȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•˜Š—œȱŠ—ȱ‹˜››˜ '—œȱ	ȱ ŗŘŖǰŚŞŗǰśŚşȱȱ	ŗŘŖǰŘŘŝǰŝŘşȱ
ŽŽ››ŽȱŠ¡ȱ•'Š‹'•''Žœȱ	ȱ ŗŖǰŜŚśǰśŘŘȱȱ ņņņņņņņņņ	ŗŚǰŜŚŘǰŜřŚȱ ņņņņņņņņņ
˜Š•ȱ—˜—ȬŒž››Ž—ȱ•'Š‹'•''Žœ	ŗřŜǰŗŘŝǰŖŝŗȱȱ ņņņņņņņņņ	ŗřŚǰŞŝŖǰřŜřȱ ņņņņņņņņņ
ȱȱ	ȱ ŗŚŗǰşřśǰŖşŚȱ ņņņņņņņņņ	ŗŚŖǰŜśŘǰşśşȱ ņņņņņņņņņ
ȱ ȱȱ ȱ	ȱ ȱ ŗŗŘǰŞŘŜǰŚşşȱ őőőőőőőőő ȱ	ŗŚřǰşşŚǰśŗśȱ őőőőőőőőő

ȱ	ȱ
˜—›'‹žŽȱŽšž'¢ȱ	ȱ şŞǰŝŜŞǰřŖŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ
ŽŠ'—ŽȱŽŠ›—'—œȱ	ȱ ŗŘǰŗŝŜǰŝŞŜȱ	řŞǰŚŜŜǰŘŜŘȱ
'Ž›ȱŽšž'¢ȱ	ȱ ŗǰŞŞŗǰŚŖśȱ ņņņņņņņņņ	ŗǰŞŞŗǰŚŖśȱ ņņņņņņņņņ
ȱȱ	ȱ ŗŗŘǰŞŘŜǰŚşşȱ őőőőőőőőő	ŗŚřǰşşŚǰśŗśȱ őőőőőőőőő

ȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ
ȱŚDZȱ ȱȱȱ
ŽŸŽ—žŽȱ›˜–ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱŠŒ'Ÿ''ŽœDZ
˜—›ŠŒȱ›ŽŸŽ—žŽȱ	řŘǰŜřŖǰşŚřȱ	ŗŗǰŞŗŖǰŞŘŖȱ
'Š—Žȱ'—ȱŠ'›ȱŸŠ•žŽȱ˜ȱ'—ŸŽœ–Ž—ȱ™›˜™Ž›¢ȱ	ŗǰŖŚŗǰŖŗŜȱ	ŘǰŜŞŖǰŘŜŚȱ
™'˜—ȱ'—Œ˜–Žȱ	Ȭȱ	śŖŖǰŖŖŖȱ
Ž•Ž–Ž—ȱ'—Œ˜–Žȱ	Ȭȱ	ŞǰśŖŖǰŖŖŖȱ
Š•Žȱ˜ȱ•Š—ȱ	ŗŘǰŚŝŗǰśŘŚȱ ņņņņņņņ	ŗřǰŚŘřǰŝşśȱ ņņņņņņņ
˜Š•ȱ›ŽŸŽ—žŽȱ›˜–ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱŠŒ'Ÿ''Žœȱ	ŚŜǰŗŚřǰŚŞřȱ őőőőőőőő	řŜǰşŗŚǰŞŝşȱ őőőőőőőő
—Ž›ŽœȱŠ—ȱŽŽȱ'—Œ˜–ŽDZ
—Ž›Žœȱ
ȱ œœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗǰşŝŚǰŜśŝȱ	ŗǰśŗşǰřŖřȱ
ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	ŜŞśǰŚŗŖȱ	Ȭȱ
ȱ —›Ž•ŠŽȱŽ—''Žœȱ	ŞǰŜŖşǰřŖŖȱ	śǰşŝŖǰśŗśȱ
ŽŽȱ'—Œ˜–Žȱ›˜–ȱž—›Ž•ŠŽȱŽ—''Žœȱ	ŘŖśǰŖŞřȱ	śŘŖǰŚŞŗȱ
˜Š•ȱ'—Ž›ŽœȱŠ—ȱŽŽȱ'—Œ˜–Žȱ	ņņņņņņņ ŗŗǰŚŝŚǰŚśŖȱ őőőőőőőő	ņņņņņņņ ŞǰŖŗŖǰŘşşȱ őőőőőőőő
Žȱǻ•˜œœǼȦ'—Œ˜–Žȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œDZȱ
Žȱǻ•˜œœǼȦ'—Œ˜–Žȱ›˜–ȱŽšž'¢ȱ'—ŸŽœ–Ž—œȱ
ȱ Žȱǻ•˜œœǼȦŠ'—ȱ˜—ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ
˜›ȱ•˜œœȱ	ǻşǰŚŝřǰŘşŝǼȱ	ŗŗǰŝŝŞǰŖŖŞȱ
ȱ 'Ÿ'Ž—œȱ›˜–ȱ›Ž•ŠŽȱŽ—''Žœȱ	śŜŗǰŖŚŜȱ	ŗǰŘŜŘǰŚśŞȱ
ȱ 'Ÿ'Ž—œȱ›˜–ȱž—›Ž•ŠŽȱŽ—''Žœȱ	ŗǰŘŘŗǰřşŞȱ	ŘǰřřśǰŘŚŚȱ
ŽŽȱ'—Œ˜–Žȱ›˜–ȱž—›Ž•ŠŽȱŽ—''Žœȱ	ŘŖřǰşŗŘȱ	ŘŖřǰŞśŖȱ
–™Š'›–Ž—ȱ˜ȱ'—ŸŽœ–Ž—œȱ'—ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ǻŗǰŘŘŝǰřřŝǼȱ ņņņņņņņ	Ȭȱ ņņņņņņņ
˜Š•ȱ—Žȱǻ•˜œœǼȦ'—Œ˜–Žȱ›˜–ȱœ'Š›Žȱ'—ŸŽœ–Ž—œȱ	ǻŞǰŝŗŚǰŘŝŞǼȱ őőőőőőőő	ŗśǰśŝşǰśŜŖȱ őőőőőőőő
ЗАޖޗȱŽŽȱ'—Œ˜–ŽDZȱ
ȱ œœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗǰřśřǰŝşśȱ	ŗǰŚřŗǰŜŞŞȱ
ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	śŘǰŜŘŚȱ	ŘşǰŖŜŝȱ
ȱ —›Ž•ŠŽȱŽ—''Žœȱ	ŗŖŗǰŞřŖȱȱ	řśǰśŖŖȱ
˜Š•ȱ–ЗАޖޗȱŽŽȱ'—Œ˜–Žȱ	ņņņņņņņ ŗǰśŖŞǰŘŚşȱ őőőőőőőő	ņņņņņņņ ŗǰŚşŜǰŘśśȱ őőőőőőőő
'Ž›ȱ'—Œ˜–ŽDZȱ
ȱ –™Š'›–Ž—ȱ›ŽŒ˜ŸŽ›¢ȱ˜ȱ•˜Š—ȱ˜ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	Ȭȱ	ŘǰŗŞŖǰŝŚŘȱ
ȱ Ž—Š•ȱ'—Œ˜–Žȱ›˜–ȱž—›Ž•ŠŽȱŽ—''Žœȱ	śşśǰŞŜşȱ	ŗşŚǰşśŝȱ
ȱ ••ȱ˜'Ž›ȱ'—Œ˜–Žȱ	ŚŘŚǰŜřŗȱ	ŚśŞǰŚŘşȱ
˜Š•ȱ˜'Ž›ȱ'—Œ˜–Žȱ	ņņņņņņņ ȱ ŗǰŖŘŖǰśŖŖȱ	ņņņņņņņ ŘǰŞřŚǰŗŘŞȱ
	őőőőőőőő	őőőőőőőő

ȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟȱ
ȱśDZȱ ȱȱȱȱȱ
›˜'ȱ‹Ž˜›Žȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ'Šœȱ‹ŽŽ—ȱŠ››'ŸŽȱŠȱŠŽ›ȱŒ'Š›'—ȱ'Žȱ˜••˜ '—ȱ'Ž–œDZȱ
'—Š—ŒŽȱŒ˜œœDZȱ
Ž•ŠŽȱŽ—''Žœȱ	ŜřŚǰśşŘȱ	ŘŖŞǰŘŖřȱ
'Ž›ȱŽ—''Žœȱ
—Ž›ŽœȱŠ—ȱ'—Š—ŒŽȱŒ'Š›Žœȱ™Š'Ȧ™Š¢Š‹•Žȱ˜›ȱ'—Š—Œ'Š•ȱ•'Š‹'•''Žœȱ—˜ȱ
ŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	śǰŖŖŘǰŜśŞȱ	ŗǰśřŖǰŚŗŞȱ
–˜›'œŠ'˜—ȱ˜ȱ™›Ž™Š'ȱ'—Š—ŒŽȱŒ˜œȱǻŠǼȱ	ŗřǰŝśŚȱ	Ȭȱ
'—Š—ŒŽȱŒ'Š›Žȱ˜—ȱ›ŽŒŽ'ŸŠ‹•ŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	Ȭȱ ņņņņņņņ	řşǰŜŜşȱ ņņņņņņņ
˜Š•ȱ'—Š—ŒŽȱŒ˜œœȱŽ¡™Ž—œŽȱ	śǰŜśŗǰŖŖŚȱ őőőőőőőő	ŗǰŝŝŞǰŘşŖȱ őőőőőőőő

ǻǼ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱ¢ȱȱǰȱ ȱȱǰȱȱȱ¢ȱȱ?ȱȱǯȱȱȱȱȱȱȱȱȱȱȱ ¢ȱȱȱǯȱȱ

ȱȱȱȱȱȱDZȱ ȱ

–™Š'›–Ž—ȱ˜ȱ•˜Š—œȱ˜ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗǰŗŞŖǰŖŝŘȱ	Ȭȱ
–™Š'›–Ž—ȱ˜ȱ•˜Š—œȱ˜ȱ˜'Ž›ȱŽ—''Žœȱ	ŗǰŝŞřǰŚśŜȱ ņņņņņņņ	ŗŝşǰşŖŚȱ ņņņņņņņ
˜Š•ȱ'–™Š'›–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œ	ŘǰşŜřǰśŘŞȱ őőőőőőő	ŗŝşǰşŖŚȱ őőőőőőő
ŸŽ›'ŽŠȱŽ¡™Ž—œŽœDZȱ
ž'ȱŽŽœȱ	ŗŜŘǰŞŜŚȱ	ŗřŖǰŚŞŜȱ
Ž™›ŽŒ'Š'˜—ȱŽ¡™Ž—œŽȱ	şŗǰŝŞşȱ	ŞśǰŘŖŘȱ
—œž›Š—ŒŽȱ	ŘŗřǰŘŚřȱ	ŗŞŞǰŜşŜȱ
••ȱ˜'Ž›ȱ˜ŸŽ›'ŽŠȱŽ¡™Ž—œŽœȱ	ŗǰŜŚŖǰŞŖŚȱ	ŗǰŗŗŞǰŞśŘȱ
˜Š•ȱ˜ŸŽ›'ŽŠȱŽ¡™Ž—œŽœȱ	ņņņņņņņ ŘǰŗŖŞǰŝŖŖȱ őőőőőőőő	ņņņņņņņ ŗǰśŘřǰŘřŜȱ őőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟȱ
ȱŜDZȱ ȱȱ
Ŝǯŗ —Œ˜–ŽȱŠ¡ȱ¡™Ž—œŽDZȱ
ŒŒ˜ž—'—ȱ™›˜'ȱ‹Ž˜›Žȱ'—Œ˜–ŽȱŠ¡ȱ	ŗǰŖśŚǰşŜřȱ ņņņņņņņ	řŘǰŝřŘǰřŖŚȱ ņņņņņņņ
—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱŠȱ'ŽȱœŠž˜›¢ȱ'—Œ˜–ŽȱŠ¡ȱ›ŠŽȱ˜ȱřŖƖȱ	řŗŜǰŚŞşȱ	şǰŞŗşǰŜşŗȱ
—Œ›ŽŠœŽȱ'—ȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱžŽȱ˜DZȱ
ž—›¢ȱ'Ž–œȱ	ŘşǰŞřŜȱ	ŜŖǰřŖŖȱ
›žœȱ•˜œœŽœȱ—˜ȱŽžŒ'‹•Žȱ	Ȭȱ	ŘŚŖǰŜşŞȱ
ŽȱŽŽ››ŽȱŠ¡ȱ—˜ȱ›ŽŒ˜—'œŽȱ	ŘǰŚşşǰŜşŜȱ	ŘşśǰşśŞȱ
ŽŒ›ŽŠœŽȱ'—ȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱžŽȱ˜DZȱ	ȱ
'Ÿ'Ž—œȱ›ŽŒŽ'ŸŽȱ	ǻŗǰŜŖŝǰŘřŚǼȱ	ǻŘǰŜŖşǰŖŜşǼȱ
›žœȱ™›˜'ȱ—˜ȱŠœœŽœœŠ‹•Žȱ	ǻřŞřǰŜŜŜǼȱȱ	ǻŗǰşŘŗǰŘŜřǼȱ
Š¡ȱ•˜œœŽœȱ™›ŽŸ'˜žœ•¢ȱ—˜ȱ›ŽŒ˜—'œŽȱž'•'œŽȱ	ǻŝŝŝǰŖşŚǼȱȱ ņņņņņņņ	ǻŘŖŝǰŖŖřǼȱ ņņņņņņņ
	ŝŞǰŖŘŝȱ	śǰŜŝşǰřŗŘȱ
"žœ–Ž—œȱ'—ȱ›Žœ™ŽŒȱ˜ȱŒž››Ž—ȱ'—Œ˜–ŽȱŠ¡ȱ˜ȱ™›ŽŸ'˜žœȱ¢ŽŠ›œȱǻŠǼȱ	ǻřŗǰŘŘřǼȱȱ ņņņņņņņ	ǻŗşǰŜśŖǼȱ ņņņņņņņ
—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ	ŚŜǰŞŖŚȱ őőőőőőőő	śǰŜśşǰŜŜŘȱ őőőőőőőő
'Žȱ–Š"˜›ȱŒ˜–™˜—Ž—œȱ˜ȱ'—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱŠ›ŽDZȱ
ȱ ž››Ž—ȱ'—Œ˜–ŽȱŠ¡ȱŒ'Š›Žȱ	Ȭȱ	řǰŗśřǰŘřŚȱ
ȱ ŽŽ››Žȱ'—Œ˜–ŽȱŠ¡ȱ	ŝŞǰŖŘŝȱ	ŘǰśŘŜǰŖŝŞȱ
ȱ "žœ–Ž—œȱ'—ȱ›Žœ™ŽŒȱ˜ȱŒž››Ž—ȱ'—Œ˜–ŽȱŠ¡ȱ˜ȱ™›ŽŸ'˜žœȱ¢ŽŠ›œȱǻŠǼȱȱ	ǻřŗǰŘŘřǼȱȱ	ǻŗşǰŜśŖǼȱ
—Œ˜–ŽȱŠ¡ȱŽ¡™Ž—œŽȱ›Ž™˜›Žȱ'—ȱ'ŽȱœŠŽ–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱ™Ž›˜›–Š—ŒŽȱ	ņņņņņņņ ŚŜǰŞŖŚȱ őőőőőőőő	ņņņņņņņ śǰŜśşǰŜŜŘȱ őőőőőőőő

ǻǼȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱ¡ȱ¢ȱȱȱȱŘŖŗŞȱȱ¡ȱ¢ǯȱ

ŜǯŘ ȱ¡ȱDZȱ

—Œ˜–ŽȱŠ¡ȱ›ŽŒŽ'ŸŠ‹•ŽDZ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›	ŗǰŗŚśǰŚŘŚȱ Ȭ őőőőőőőő őőőőőőőő
Ŝǯř ž››Ž—ȱŠ¡ȱ'Š‹'•''ŽœDZȱ
—Œ˜–ŽȱŠ¡ȱ™Š¢Š‹•ŽDZ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›	Ȭȱ ŗǰřŖŗǰŚŝś

őőőőőőőő őőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŜDZȱȱ ȱȱǻǼȱ

ŜǯŚ ȱ¡ȱDZȱ

ȱȱ¡ȱȱřŖȱ?ȱȱȱȱ ȱȱ¡ȱDZȱ

	—Œ•žŽȱ'—ȱ—Œ˜–Žȱ	—Œ•žŽȱ'—ȱšž'¢ȱ	˜Š•ȱ
	Ǟȱ	Ǟȱ	Ǟȱ
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞ	ȱ	ȱ	ȱ
šž'¢ȱŠŒŒ˜ž—Žȱ'—Œ˜–Žȱ	řŖŚǰŖŖřȱ	Ȭȱ	řŖŚǰŖŖřȱ
	ņņņņņņņņ	ņņņņņņņņ	ņņņņņņņņ
ȱ	ȱ řŖŚǰŖŖřȱ őőőőőőőőőő	Ȭȱ őőőőőőőőőő	řŖŚǰŖŖřȱ őőőőőőőőőő

Ŝǯś ȱ¡ȱȱ

ȱȱ¡ȱȱřŖȱ?ȱȱȱȱ ȱȱ¡ȱDZȱ

ŘǰŖŞśǰŗŞŜȱ	ŞŖŜǰřŗŜȱ	ŘǰŞşŗǰśŖŘ
		ǻşŚŝǰşśŜǼȱȱ
		ǻŘŚřǰŚŚŚǼ
		ŗǰŞŗřǰřŗŞȱ
ŘŗǰŖŖŖȱ	Ȭȱ	ŘŗǰŖŖŖȱ
ŚŖśǰŘŚŝȱ	Ȭȱ	ŚŖśǰŘŚŝ
ǻŗŗŖǰŞŘŜǼȱ	Ȭȱ	ǻŗŗŖǰŞŘŜǼȱ
ǻŗǰŘŚŞǰŞŘŚǼȱȱ	Ȭȱ	ǻŗǰŘŚŞǰŞŘŚǼ ȱ
ŞşřǰŚŞşȱ	Ȭȱ	ŞşřǰŚŞşȱȱ
ŘǰŜŜŝǰŗşŖȱ	ŞŖŜǰřŗŜȱ	ņņņņņņņņ řǰŚŝřǰśŖŜȱ őőőőőőőőőő

		ŚǰşŗśǰŗŗŜȱ
		ǻŗǰŖŗśǰŝşŖǼ
		ǻŘŜŞǰśŘŜǼȱ
		ŗǰřŚŞǰŘŝŗ
		ŘŗǰŖŖŖȱ
		ŚŖśǰŘŚŝ
		śşǰŖŝŜȱ
		ǻŚǰŜŝŜǰśŝřǼȱ
řǰŗŚřǰŜŜŘȱ	Ȭȱ	řǰŗŚřǰŜŜŘ
řǰŗŘśǰŗŜŝȱ	ŞŖŜǰřŗŜȱ	ņņņņņņņņ řǰşřŗǰŚŞř őőőőőőőőőő
	ǻşŚŝǰşśŜǼȱȱ ǻŘŚřǰŚŚŚǼȱ ŗǰŞŗřǰřŗŞȱ ņņņņņņņņ őőőőőőőőőő ŚǰŗŖŞǰŞŖŖȱ ǻŗǰŖŗśǰŝşŖǼȱ ǻŘŜŞǰśŘŜǼȱ ŗǰřŚŞǰŘŝŗȱ ŘŗǰŖŖŖȱ ŚŖśǰŘŚŝȱ śşǰŖŝŜȱ ǻŚǰŜŝŜǰśŝřǼȱ ņņņņņņņņ őőőőőőőőőő	Ȭȱ Ȭȱ Ȭȱ ņņņņņņņņ őőőőőőőőőő ŞŖŜǰřŗŜȱ Ȭȱ Ȭȱ Ȭȱ Ȭȱ Ȭȱ Ȭȱ Ȭȱ ņņņņņņņņ őőőőőőőőőő

ȱȱ ¡ȱ ȱ ȱ ȱ ȱȱȱ ¡ȱȱ ȱ ȱ¡ȱ ȱȱȱȱ ȱ ȱ ȱ ȱ ȱ ȱȱȱ¢ȱȱ ȱȱȱȱȱȱǰȱȱ¢ȱȱȱ¡ȱȱȱȱ¡ȱȱ ȱȱȱȱȱȱȱȱȱȱ¡ȱȱ ȱ ȱȱȱ¡ȱȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŜDZȱ ȱȱȱȱȱȱȱȱǻǼȱ

ŜǯŜ ¡ȱȱ

ȱȱȱȱȱ¢ȱȱȱ¡ȱȱȱȱȱřŖȱ?ȱŘŖŖřǯȱȱȱȱȱȱ ȱȱȱ¡ȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱȱ¡ȱ¢ȱ ȱȱǯȱȱ

ȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¡ȱǯȱȱȱȱȱ¡ȱ ȱȱȱ ȱ ȱ ȃȬȱ ¡¢Ȅȱ ȱȱȱ ȱ ȱ ȱȱȱ ¡ȱ ȱ ȱ¡ȱȱȱȱȱȱȱȱ¡ȱȱǯȱȱ

ȱȱȱȱ ȱȱȱȱ¡ȱǰȱȱ¢ȱȱȱȱ¡ȱȱǻȱǼȱȱȱ ȱȱȱ¡ȱȱǯȱȱȱ¡ȱȱȱȱȱȱȱ¡ȱȱ ȱȱȱȱ ȱȱȱȱ ȱȱȱȱ¡ȱȱȱȱȱȱ¢ȱȱȱȱ¡ȱȱȱȱ¡ȱȱȱȱ¡ȱ ȱȱȱȱȱȱȱ¡ȱȱǯȱȱ

ȱȱȱ¡ȱȱȱȱȱȱȱ¡ȱȱǯȱȱȱȱȱȱȱȱ¡ȱ ȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱ¢ȱȱ¡ȱǯȱȱȱ ȱȱȱȱ¡ȱ ȱȱȱ¢ȱȱȱȱȱȱȱȱ¡ȱǯȱ

ȱŝDZȱ ȱȱ ȱ

	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ
Šœ'ŒȱŠ—ȱ'•žŽȱŽŠ›—'—œȱ™Ž›ȱœ'Š›Žȱ	ǻŖǯŖŗŝřǼȱ ņņņņņņņņņ	ŖǯŗşŖŖȱ ņņņņņņņņņ
ŽŒ˜—Œ'•'Š'˜—ȱ˜ȱŽŠ›—'—œȱžœŽȱ'—ȱ'ŽȱŒŠ•Œž•Š'˜—ȱ˜ȱŽŠ›—'—œȱ™Ž›ȱœ'Š›ŽDZȱ
›˜'ȱŠŽ›ȱ'—Œ˜–ŽȱŠ¡ȱ›˜–ȱŒ˜—'—ž'—ȱ˜™Ž›Š'˜—œȱ	ŗǰŖŖŞǰŗśşȱ	ŘŝǰŖŝŘǰŜŚŘ
ŽœœDZȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ'—ȱŒ˜—'—ž'—ȱ˜™Ž›Š'˜—œȱ	ǻřǰŖŜŞǰŗŜŗǼȱ ņņņņņņņņņ	ǻŚǰřśŜǰŘŜŜǼȱ ņņņņņņņņņ
Žȱǻ•˜œœǼȦ™›˜'ȱŠ›'‹žŠ‹•Žȱ˜ȱ–Ž–‹Ž›œȱ˜ȱ'Žȱ™Š›Ž—ȱŽ—'¢ȱ	ǻŘǰŖŜŖǰŖŖŘǼȱ őőőőőőőő	ŘŘǰŝŗŜǰřŝŜ őőőőőőőő
	ž–‹Ž›ȱ˜ȱ'Š›Žœȱ
Ž''ŽȱŠŸŽ›ŠŽȱ—ž–‹Ž›ȱ˜ȱ˜›'—Š›¢ȱœ'Š›ŽœȱȮȱŠœ'ŒȱŠ—ȱ'•žŽȱ	ŗŗşǰřşřǰŞśŜȱȱ	ŗŗşǰśřŘǰŝŞŞȱ
ž–‹Ž›ȱ˜ȱœ'Š›Žœȱ˜—ȱ'œœžŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŗŝǰŜşŖǰŘśşȱ	ŗŗşǰśřŘǰŝŞŞȱ

őőőőőőőő őőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŞDZȱ ȱ

ȱȱȱȱȱȱȱȱȱȱ¢ȱ¢ȱȱ¢ȱDZȱ ȱȱȱȱ¢ȱȱȱ ȱȱȱȱȱȱ¢DZȱ

ȱ	Ž—œȱ Ž›ȱ'Š›Žȱ	˜Š•ȱ Ǟȱ	ŠŽȱ˜ȱ Š¢–Ž—ȱ	Š¡ȱ›ŠŽȱ˜›ȱȱ ›Š—"'—ȱ›Ž'ȱ	Ž›ŒŽ—ŠŽȱ ›Š—"Ž
ŘŖŗşȱ—Ž›'–ȱ'Ÿ'Ž—ȱ˜—ȱ˜›'—Š›¢ȱœ'Š›Žœȱ	ŝǯŖŖȱ	ŞǰřśŝǰśŖśȱ	ŞȱŠ›Œ'ȱŘŖŗşȱ ȱ	řŖƖȱ	ŗŖŖƖȱ
ŘŖŗŞȱ'—Š•ȱ'Ÿ'Ž—ȱ˜—ȱ˜›'—Š›¢ȱœ'Š›Žœȱ	ŞǯŖŖȱ	şǰśŜŘǰŜŘřȱ	śȱŽ™Ž–‹Ž›ȱŘŖŗŞȱ ȱ	řŖƖȱ	ŗŖŖƖȱ
ŘŖŗŞȱ—Ž›'–ȱ'Ÿ'Ž—ȱ˜—ȱ˜›'—Š›¢ȱœ'Š›Žœȱ	ŝǯŖŖȱ	ŞǰřŜŝǰŘşśȱ	ŝȱŠ›Œ'ȱŘŖŗŞȱ ȱ	řŖƖȱ	ŗŖŖƖȱ
ŘŖŗŝȱ'—Š•ȱ'Ÿ'Ž—ȱ˜—ȱ˜›'—Š›¢ȱœ'Š›Žœȱ	ŞǯŖŖȱ	şǰśŜŘǰŜŘřȱ	ŜȱŽ™Ž–‹Ž›ȱŘŖŗŝȱ ȱ	řŖƖȱ	ŗŖŖƖȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱDZȱ

ȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşȱȱŞȱȱȱȱ ȱȱȱŗȱȱŘŖŗşȱȱȱȱŘŖȱ ȱŘŖŗşȱȱȱȱȱȱŜȱȱŘŖŗşǯ

ȱ ȱ		ȱȱ'Žȱ˜–™Š—¢ȱ
	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ
ȱ ȱ ȱ 'Ÿ'Ž—ȱ›Š—"'—ȱŠŒŒ˜ž—ȱ	ȱ
›Š—"'—ȱŒ›Ž'œȱŠŸŠ'•Š‹•Žȱ˜ȱœ'Лޑ˜•Ž›œȱ˜›ȱœž‹œŽšžŽ—ȱ'—Š—Œ'Š•ȱ¢ŽŠ›œȱ	řǰŜŚŗǰŞŘŜȱȱ	ŞǰşŗŘǰşŘŞȱ
	őőőőőőőő	őőőőőőőő

ȱȱȱȱȱȱȱ¡ȱȱǯȱȱȱȱȱȱȱȱȱ¢ȬȱȱDZȱ

ǻǼ ȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱ¡ȱ
ǻǼ ȱȱȱ ȱȱȱȱȱȱȱ¡ȱȱȱ
ǻǼ ȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱ¢ȱȱ¢Ȭȱ
ǻǼ ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱ
ǻǼ ȱȱȱȱ¢ȱ¢ȱȱȱȱȱȱȱ¢ǯȱ

ȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯ

ȱşDZȱ ȱȱȱȱȱ

ž››Ž—ȱ
›ŠŽȱ›ŽŒŽ'ŸŠ‹•Žœȱ	ŗǰŗśŞǰŘŚşȱ	ŘǰśŖŞǰśŚŗȱ
'Ž›ȱ›ŽŒŽ'ŸŠ‹•ŽœȱŠ—ȱ™›Ž™Š¢–Ž—œȱ	ŞŖŘǰŖřśȱ	ŗǰŖŞşǰřŗŖȱ
˜Š—œȱ˜ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗŖǰŚśŚǰŗŞřȱ	şǰŖŖśǰŝŝŗȱ
˜Š—œȱ˜ȱ˜'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	ŚǰŖŘŖǰşşŚȱ	Ȭȱ
˜Š—œȱ˜ȱ˜'Ž›ȱŒ˜›™˜›Š'˜—œȱȱ	ŗŞǰŜŚśǰŝśŘȱȱȱ ņņņņņņņ	ŘŞǰŞŜŞǰśŞśȱ ņņņņņņņ
	řśǰŖŞŗǰŘŗřȱȱ őőőőőőő	ŚŗǰŚŝŘǰŘŖŝȱ őőőőőőő
˜—ȬŒž››Ž—ȱ	ȱ	ȱ
'Ž›ȱ›ŽŒŽ'ŸŠ‹•ŽœȱŠ—ȱ™›Ž™Š¢–Ž—œ	Ȭȱ	řşŜǰŜşŚȱ
˜Š—œȱ˜ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ŜǰŜŖŚǰŗřŘȱ	ŗŗǰŚŝŗǰŖŚřȱ
˜Š—œȱ˜ȱ˜'Ž›ȱŒ˜›™˜›Š'˜—œȱȱ	ŗŗǰşŜŚǰŜřŞȱ ņņņņņņņ	śǰŚŚřǰŗŖŝ ņņņņņņņ
	ŗŞǰśŜŞǰŝŝŖȱ	ŗŝǰřŗŖǰŞŚŚȱ
	őőőőőőő	őőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱşDZȱ ȱȱȱȱȱǻǼȱ

şǯŗȱ ȱȱȱ

ȱȱȱȬȱȱȱȱ¢ȱȱřȱȬȱřŖȱ¢ȱǯȱȱ ȱȱ¡ȱȱȱǻŘŖŗŞDZȱ ȱȱȱǼȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ ȱȱȱȱȱȱ¢ǯȱȱȱ

					ŘŖŗşȱ	ŘŖŗŞȱ
					Ǟȱ	Ǟȱ
˜ŸŽ–Ž—œȱ'—ȱ'ŽȱŠ••˜ Š—ŒŽȱ˜›ȱŽ¡™ŽŒŽȱŒ›Ž'ȱ•˜œœŽœȱǻŘŖŗŞDZȱ
™›˜Ÿ'œ'˜—ȱ˜›ȱ'–™Š'›–Ž—ȱ•˜œœǼȱ Ž›ŽȱŠœȱ˜••˜ œDZ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ					Ȭȱ	Ȭȱ
ŽŒŽ'ŸŠ‹•Žœȱ ›'Ž—ȱ˜ȱž›'—ȱ'Žȱ¢ŽŠ›ȱŠœȱž—Œ˜••ŽŒ'‹•Žȱ					ǻřŖŞǰřŞşǼȱ	ǻŝśǰŘşŝǼȱ
›˜Ÿ'œ'˜—ȱ˜›ȱ'–™Š'›–Ž—ȱ›ŽŒ˜—'œŽȱž›'—ȱ'Žȱ¢ŽŠ›ȱ					řŖŞǰřŞşȱ	ŝśǰŘşŝ
				ņņņņņņņņ		ņņņņņņņņ

Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ				őőőőőőőő	Ȭȱ	Ȭȱ őőőőőőőő

'ŽȱАޒ—ȱŠ—Š•¢œ'œȱ˜ȱ'Žȱ›ŠŽȱ›ŽŒŽ'ŸŠ‹•Žœȱ'œȱŠœȱ˜••˜ œDZȱ
ȱ	˜Š•ȱ	˜ȱ™Šœȱ	ŖȱȮȱřŖȱȱ	řŗȱȮȱŜŖȱȱ	ŜŗȱȮȱşŖȱȱ	Ƹşŗȱȱ
		žŽȱ	Š¢œȱǻǼȱ	Š¢œȱǻǼȱ	Š¢œȱǻǼȱ	Š¢œȱǻǼȱ
ȱ	Ǟ	Ǟȱ	Ǟ	Ǟ	Ǟ	Ǟ
•˜œ'—ȱ‹Š•Š—ŒŽȱȬȱŘŖŗşȱ	ŗǰŗśŞǰŘŚşȱ	śŖŚǰřŚşȱ	Ȭȱ	ŚǰŚŖŖȱ	ŗŖŜǰŜŖŖȱ	śŚŘǰşŖŖȱ
•˜œ'—ȱ‹Š•Š—ŒŽȱȬȱŘŖŗŞȱ	ŘǰśŖŞǰśŚŗȱ	ŘǰŖŖŞǰśŚŗȱ	Ȭȱ	Ȭȱ	Ȭȱ	śŖŖǰŖŖŖȱ

ȱȮȱȱȱȱȱ

şǯŘȱ ȱ

ȱȱ¢ȱȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ¢ ȱȱȱȱȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱȱǯȱȱ

őőőőőőő őőőőőőő őőőőőőő őőőőőőő őőőőőőő őőőőőőő

	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ
˜ŸŽ–Ž—œȱ'—ȱ'Žȱ™›˜Ÿ'œ'˜—ȱ˜›ȱ'–™Š'›–Ž—ȱ•˜œœȱ Ž›ŽȱŠœȱ˜••˜ œDZ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	ŗǰŞŘşǰŘŖŜȱ
–˜ž—ȱ›ŽŒ˜ŸŽ›Žȱ	Ȭȱ	ǻŗǰŞŘşǰŘŖŜǼȱ
	ņņņņņņņņ	ņņņņņņņņ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	Ȭȱ
	őőőőőőőő	őőőőőőőő
ž›'Ž›ȱŽŠ'•œȱ˜ȱ•˜Š—œȱŠ›ŽȱœŽȱ˜žȱ'—ȱ—˜ŽœȱřŗȱŠ—ȱřŚǯȱ
ȱŗŖDZȱ ȱȦȱȱȱ
ž››Ž—
˜—›ŠŒȱŠœœŽœȱȮȱŒ˜—œ›žŒ'˜—ȱŒ˜—›ŠŒȱ	Ȭȱ	ŝŚřǰŖśŖȱȱ
	őőőőőőőő	őőőőőőőő
˜—›ŠŒȱ•'Š‹'•''ŽœȱȮȱŒ˜—œ›žŒ'˜—ȱŒ˜—›ŠŒȱ	ŘǰŗřřǰśŖřȱ	Ȭȱ

ȱȱȱȱȱȱ¡ȱȱ

ȱȱȱȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱȱȱȱȱ ȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱȱǯȱȱȱȱȱ¢ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱǯȱȱȱ ȱǰȱ¡ȱȱȱȱȱȱȱȱ ȱǯȱȱȱȱȱ ȱ ȱȱ¡ǰȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱ ȱȱȱȱȱȱȱȱǯȱ

őőőőőőőő őőőőőőőő

ȱȱȱȱȱȱȱȱȱ¢ȱȱǰȱȱȱȱȱŗśǰȱȱȱȱȱȱȱ ȱȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

		ŘŖŗşȱ	ŘŖŗŞ
		Ǟȱ	Ǟ
ȱŗŗDZȱ	ȱȱȱ ȱȱȱ
	˜—ȬŒž››Ž—ȱŠœœŽœȱ'Ž•ȱ˜›ȱœŠ•Ž
Š—ȱȱ		Ȭȱ	ŗŗǰŜŘŖǰřŚřȱ
		őőőőőőőő	őőőőőőőő

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱ ȱȱȱȱŝȱȱŘŖŗŞǯȱȱ ȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱŘşǯȱ

ȱŗŘDZȱ ȱȱȱȱȱ ȱȱȱȱ

ž››Ž—
'Š›Žœȱ'—ȱ•'œŽȱŒ˜›™˜›Š'˜—œȱ	řŗǰřŚŞǰŜŚŗȱ	ŚŞǰřŜŞǰŜŗŜȱ
'Š›Žœȱ'—ȱž—•'œŽȱŒ˜›™˜›Š'˜—œȱ	ŗŗǰŝŝśǰřşśȱ ņņņņņņņ	Ȭȱ ņņņņņņņ
	ŚřǰŗŘŚǰŖřŜȱ őőőőőőőő	ŚŞǰřŜŞǰŜŗŜȱ őőőőőőőő
˜—ȬŒž››Ž—ȱ
'Š›Žœȱ'—ȱ•'œŽȱŒ˜›™˜›Š'˜—œȱ	ŘŝǰŝŚśǰřŘřȱ	řŞǰřşşǰŗřŞ
'Š›Žœȱ'—ȱž—•'œŽȱŒ˜›™˜›Š'˜—œȱ	ŗŘǰŚŗŖǰŞŗŗȱ ņņņņņņņ	ŗŞǰŘśŘǰřŗŞȱ ņņņņņņņ
	ŚŖǰŗśŜǰŗřŚȱ	śŜǰŜśŗǰŚśŜ
	őőőőőőőő	őőőőőőőő

ŗŘǯŗȱ ȱȱȱȱ

ȱ¢ȱȱȱȱȱȱȃȱȱȱȄȱȱȱȱ¢ȱȱȱȱȱǯȱ ȱȱȃȬȄȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱȱ¢ȱǰȱ ȱȱǰȱȱȱǰȱȱ¢ȱȱ ȱǰȱȱ ȱ ǰȱȱ ȱǰȱȱȱǰȱȱȱ ȱǰȱȱ ǰȱȱǰȱȱȱǯȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱ ȱ ȱ¢ȱȱȱȱȱǯȱȱȱȃȬȄȱ ȱȱȱȱȱȱȱȱȱȱ ȱȱȱǯȱȱȱȱřŚǯśǯȱ

ŗŘǯŘȱ ȱȱȱȱ

ȱ¢ȱȱȱȱȱȱȃȱȱȱȄȱȱȱȱ¢ȱȱȱǯȱ ȱ ȱȱȱȱȂȱȱȱ DzȱȱȱDzȱ ȱ ȱ ȱȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱ ȱ¢ǯȱ

ȱŗřDZȱ ȱ

ž››Ž—	řǰřŘřǰřŘŗȱ	řǰŜŖśǰŜŝŘȱ
Š—ȱŽŸŽ•˜™–Ž—ȱœ'Žœȱ'Ž•ȱ˜›ȱ›ŽœŠ•Žȱ	őőőőőőőő	őőőőőőőő
˜—ȬŒž››Ž—	ŗşǰśŘŞǰşśŝȱ	ŗŞǰŗśŖǰŞŗŞȱ
Š—ȱŽŸŽ•˜™–Ž—ȱœ'Žœȱ'Ž•ȱ˜›ȱ›ŽœŠ•Žȱ	őőőőőőőő	őőőőőőőő

ȱȱȱȱ¡ȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşȱȱǞŗŘǰŘŞŚǰŖřśȱǻŘŖŗŞDZȱǞŞǰřŘŗǰŚŘśǼǯȱȱ¡ȱȱȱ ȱȱȱȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ
ȱŗŚDZȱ ȱȱ
ž››Ž—
›Ž™Š¢–Ž—œȱǻŠǼȱ	ŗǰŚŗŘǰŝŘŞȱ	řŝŗǰŖŝřȱ
	őőőőőőőő	őőőőőőő
˜—ȬŒž››Ž—
›Ž™Š¢–Ž—œȱǻŠǼȱ	řǰśśŗǰŞŝŚȱ	Ȭ
'Ž›ȱ—˜—ȬŒž››Ž—ȱŠœœŽœȱǻ‹Ǽȱ	ŗŗǰŜşŗǰŘŞřȱ	Ȭȱ
	ņņņņņņņ	ņņņņņņņ
	ŗśǰŘŚřǰŗśŝȱ	Ȭȱ
	őőőőőőőő	őőőőőőő

ǻǼ ȱ¢ȱȱȱȱȱǞŚǰŞŗŖǰřřŗȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱ ȱ¢ȱȱȱȱȱȱ¢ȱȱǰȱ ȱȱǰȱȱȱ¢ȱȱ?ȱȱǯȱȱȱ ȱȱȱȱȱȱȱȱ¢ȱȱȱǯȱ

ǻǼ ȱȬȱȱȱȱȱȱȱȱȱȱ¢ǰȱȬȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ£ȱȱȱǯȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱ

˜—ȬŒž››Ž—ȱ	ȱ	ȱ
šž'¢ȱŠŒŒ˜ž—Žȱ'—Ž›Žœœȱ'—ȱ"˜'—ȱŸŽ—ž›Žœȱ	ŝǰŞŘŗǰŗśŝȱ	ŘǰŞśŘǰřŘŝ
šž'¢ȱŠŒŒ˜ž—Žȱœ'Š›Žœȱ'—ȱ•'œŽȱŠœœ˜Œ'ŠŽȱŒ˜–™Š—'Žœȱ	ŗŞǰŝŝşǰşŚŞȱ	ŗŞǰśřŜǰŝŚŗȱ
šž'¢ȱŠŒŒ˜ž—Žȱœ'Š›Žœȱ'—ȱ˜'Ž›ȱŠœœ˜Œ'ŠŽȱŒ˜–™Š—'Žœȱ	ŘŗǰŞŖŞǰŖŖŞȱ	ŗŗǰŖŚŝǰŜřŚ
	ņņņņņņņ	ņņņņņņņ
	ŚŞǰŚŖşǰŗŗřȱ	řŘǰŚřŜǰŝŖŘ
	őőőőőőőő	őőőőőőő

ȱȱ ȱȱȱȱȱȱȱȱ ȱȱȱȱǯȱȱȱȱ ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱ ȱȱȱȱ¡ǰȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱȱ¡ǯȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱ řŚǯśǰȱřŚǯŜȱȱřŚǯŝǯȱ

ŗśǯŗȱ ȱȱȱȱȱȱȱ¢ȱDZȱ

œœ˜Œ'ŠŽȱŽ—''Žœȱ ŝşȱ˜Š—ȱ˜Šȱ¢ȱȱ Ȭȱ	›žœŽŽȱ˜ȱŝşȱ˜Š—ȱ˜Šȱ›žœǯȱ
ŝşȱ˜Š—ȱ˜Šȱ›žœȱ Ȭȱ	ŠȱŒ˜––Ž›Œ'Š•ȱ™›˜™Ž›¢ȱ'—ȱ˜˜••˜˜—Š‹‹ŠǰȱžŽŽ—œ•Š—ȱ ''ȱŠȱ•˜—ȱŽ›–ȱ•ŽŠœŽȱ˜ȱ Š—ȱȱ•'œŽȱŽ—'¢ǰȱ ''ȱ›Žœ'Ž—'Š•ȱŽŸŽ•˜™–Ž—ȱŠ™™›˜ŸŠ•ǯȱ
žœ›Š•'Š—ȱ—Ÿ˜'ŒŽȱ'—Š—ŒŽȱ'–'Žȱ Ȭȱ	Š—ȱ'—ŸŽœ–Ž—ȱŒ˜–™Š—¢ȱ'Šȱ™›˜Ÿ'Žœȱ'—Š—ŒŽȱ˜ȱœ–Š••ȱ‹žœ'—Žœœǯȱ
'œ˜—ŽȱŠ™'Š•ȱ¢ȱ'–'Žȱ Ȭȱ	Š—ȱ'—ŸŽœ–Ž—ȱŒ˜–™Š—¢ȱ'Šȱ™›˜Ÿ'Žœȱ'—Š—ŒŽȱ˜ȱœ–Š••ȱ‹žœ'—Žœœȱžœ'—ȱŠȱ™ŽŽ›Ȭ˜Ȭ ™ŽŽ›ȱ–Š›"Ž™•ŠŒŽȱ˜ȱž—ȱ•˜Š—œǯȱ
'˜˜ Ž›ȱ¢œŽ–œȱ¢ȱ'–'Žȱ Ȭȱ	Šȱ›Ž—Ž Š‹•ŽȱŽ—Ž›¢ȱŽŒ'—˜•˜¢ȱŒ˜–™Š—¢ǯȱ
ŠžœŽ Š¢ȱ—Œ˜–ŽȱŠ›—Ž›œȱ'–'Žȱ Ȭȱ	Šȱž—ȱ–ЗАޛȱ™›˜Ÿ''—ȱ'—ŸŽœ˜›œȱ ''ȱœŽŠ¢ȱ'—Œ˜–Žȱ‹¢ȱ'—ŸŽœ'—ȱ'—ȱŠȱ 'ŸŽ›œŽȱ™˜›˜•'˜ȱ˜ȱšžŠ•'¢ȱȱŠ—ȱ–'•Žȱ–Š›"ŽȱŒ˜›™˜›ŠŽȱ•˜Š—œǯȱ
ŽŠ›ȱŠ—ȱ˜—Žȱ¢ȱȱ Ȭȱ	ŠȱŗŖŖƖȱ™•Š—ȱ‹ŠœŽȱœ"'—ȱŒŠ›ŽȱŒ˜–™Š—¢ǯ
›ŠŸŽ—Šȱ¢ȱȱȱ Ȭȱ	›žœŽŽȱ˜ȱ›ŠŸŽ—Šȱ—'ȱ›žœǯȱȱ
›ŠŸŽ—Šȱ—'ȱ›žœȱ Ȭȱ	Šȱ›Žœ'Ž—'Š•ȱ™›˜™Ž›¢ȱŽŸŽ•˜™–Ž—ȱ'—ȱŽ›—Šǰȱ'Œ˜›'Šǯȱ
ȱ–Ž›'—ȱ˜–™Š—'Žœȱž—ȱ Ȭȱ	Šȱ '˜•ŽœŠ•Žȱž—'ȱ›žœȱ'Šȱ'—ŸŽœȱ'—ȱ•'œŽȱŠ—ȱž—•'œŽȱ›˜ 'ȱ˜›ȱŽ¡™Š—œ'˜—ȱ œŠŽȱŒ˜–™Š—'Žœǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼȱ

ŗśǯŗȱ ȱȱȱȱȱȱȱ¢ȱȱǻǯǼDZȱ

ȱȱǻǯǼȱ ¢ȱ?ȱ¢ȱȱ Ȭȱ ȱȱ¢ȱȱȱ¢ǰȱǯȱ ȱȱȱ Ȭȱ ȱȱ¢ȱȱ¢ȱ ȱȱȱǰȱǰȱ ȱȱȱǯȱ ȱȱȱȱ Ȭȱ ȱȱȱȱȱȱȱȱȱȱǯȱ ? ȱ¢ȱȱȱ Ȭȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱ ȱȱȱřȱ ȱȱȱȱȱȱȱ¢ȱǯȱ ? ȱȱ ȱ¢ȱȱ Ȭȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱǯ ȱ¢ȱȱ¢ȱȱ Ȭȱ ȱȱȱ ȱǻȱǼȱȱǯȱ ȱȱȱ Ȭȱ ȱȱ¢ȱȱȱǰȱ ȱȱǯȱ ȱ?ȱ¢ȱȱ Ȭȱ ȱȱȱȱǯȱ ȱȱ¢ȱȱ Ȭȱ ȱȱ¢ȱȱȱ ǰȱǯȱ ȱȱ ȱ¢ȱ Ȭȱ ȱ ȱȱȃȱȄȱǰȱȱȱȱȱȱ ¢ȱȱȱ ȱȱǰȱǯȱ ȱȱȱǻǼȱ¢ȱȱ Ȭȱ ȱȱȱȱ¢ǯȱ ȱ ȱǻȱǼȱȱȱ Ȭȱ ȱȱ¢ȱȱȱ ǰȱ ȱȱǯȱ ȱ¢ȱȱȱ¢ȱȱ Ȭȱ ȱȱ¢ȱȱȱ¢ǰȱǯȱ ȱȱ ȱ ȱ¢ȱȱȱȱ Ȭȱ ȱȱ¢ȱȱȱǰȱ ȱȱǯȱ ȱ¢ȱ¢ȱȱ Ȭȱ ȱȱȱ¢ȱȱǯȱ ȱȱ¢ȱȱ Ȭȱ ȱȱ¢ǯȱ ȱȱȱ¢ȱȱ Ȭȱ ȱȱ¢ǯȱ ȱȱ¢ȱ¢ȱȱ Ȭȱ ȱȱ¢ȱȱȱǰȱǯȱ ȱȱȱ Ȭȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱ ¢ȱǯȱ ȱȱȱ ȱŘŚŜȱȱ¢ȱȱ Ȭȱ ȱ ȱȱȱȱȱȱŘŚŖȬŘŚŜȱȱ¢ȱǰȱȱǰȱ ǯȱȱ¢ȱȱȱȱȱȬ£ȱȱȱȱȱȱ ǰȱȱȱȱǯȱ ȱȱȱȱ¢ȱȱ Ȭȱ ȱȱȱŘŚŖȬŘŚŜȱȱ¢ȱǰȱȱǰȱǯȱ

ȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱȱřŖȱ?ǯȱȱȱȱȱȱ ȱȱȱřŗȱǯ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼȱ

ŗśǯŘȱ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ DZȱ

ȱ	ȱ	—Ž›œ''™ȱ—Ž›Žœȱ			—ŸŽœ–Ž—ȱŠ››¢'—ȱ	'Ÿ'Ž—ȱ
					–˜ž—ȱ	ŽŒŽ'ŸŽȦŽŒŽ'ŸŠ‹•Žȱ
ȱ	¢™Žȱ	˜—œ˜•'ŠŽȱ			ȱȱȱȱȱȱȱ˜—œ˜•'ŠŽȱ	˜—œ˜•'ŠŽȱ
ȱ	ȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞ
		Ɩȱ	Ɩȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
œœ˜Œ'ŠŽȱŽ—''Žœȱ
ŝşȱ˜Š—ȱ˜Šȱ¢ȱ	›œȱ	řśǯŖȱ	řśǯŖȱ	řśȱ	řśȱ	Ȭȱ	Ȭȱ
ŝşȱ˜Š—ȱ˜Šȱ›žœ	›œȱ	řśǯŖȱ	řśǯŖȱ	ŘǰŞşřǰŖŚşȱ	řǰŖŘŝǰŘŘŘȱ	ŝŖǰŘŘŝȱȱ	śǰŝŝśȱ
žœ›Š•'Š—ȱ—Ÿ˜'ŒŽȱ'—Š—ŒŽȱ'–'Žȱ	›œȱ	ŚŝǯŜȱ	ŚŝǯŜȱ	ŘǰŗśŞǰŜŚşȱ	ŘǰŘŞřǰŜśŖȱ	Ȭȱ	Ȭȱ
'œ˜—ŽȱŠ™'Š•ȱ¢ȱ'–'Žȱ	›œȱ	řŚǯŖȱ	ŘşǯŖȱ	ŗǰŞŚřǰśŖŜȱ	ŗǰŖŜŚǰŜŚŞȱ	Ȭȱ	Ȭȱ
'˜˜ Ž›ȱ¢œŽ–œȱ¢ȱ'–'Žȱ	›œȱ	Řśǯŗȱ	Řśǯŗȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ŠžœŽ Š¢ȱ—Œ˜–ŽȱŠ›—Ž›œȱ'–'ŽȱǻŠǼȱ	›œȱ	śŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ŽŠ›ȱŠ—ȱ˜—Žȱ¢ȱȱ	›œȱ	Śřǯřȱ	ŘŖǯŖȱ	şŜǰŘŘśȱ	śŖǰŖŖŖȱ	Ȭȱ	Ȭȱ
›ŠŸŽ—Šȱ¢ȱȱǻŠǼȱ	›œȱ	śŖǯŖȱ	Ȭȱ	ŜŖȱ	Ȭȱ	Ȭȱ	Ȭȱ
›ŠŸŽ—Šȱ—'ȱ›žœȱǻŠǼȱ	›œȱ	śŖǯŖȱ	Ȭȱ	ŜŖȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱ–Ž›'—ȱ˜–™Š—'Žœȱž—ȱ	›œȱ	ŘŘǯřȱ	Ȭȱ	řǰřřřǰřřŚȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱ–Ž›'—ȱ˜–™Š—'Žœȱȱ¢ȱȱǻŠǼȱ	›œȱ	śŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
˜——¢‹›˜˜"ȱ?ȱ¢ȱȱ	›œȱ	ŚşǯŖȱ	ŚşǯŖȱ	řǰŚŖřǰŚŜŚȱ	řǰŗŝŞǰŚŝŞȱ	Ȭȱ	Ȭȱ
'•˜—ȱŠ™'Š•ȱ'–'Žȱ	›œȱ	ŚŖǯřȱ	řŞǯŝȱ	ŗŞǰŝŖşǰŖŚŝȱ	ŗŞǰśřŜǰŝŚŗȱ	ŗǰŖśşǰŘŜŘȱ	ŗǰŚŚŝǰśŜŞȱ
'•˜—ȱž—œȱЗАޖޗȱ'–'Žȱ	›œȱ	ŚŖǯŖȱ	ŚŖǯŖȱ	ŚŜŖǰśŚŞȱ	ŗŞşǰŗŖşȱ	ŗŚŖǰŖŖŖȱ	Ȭȱ
ȱ˜—›'‹ž˜›¢ȱ˜›ŠŽȱž—ȱ˜Š—ȱ›žœȱ
˜ȱřȱ	›œȱȱ	ŘŖǯŞȱ	Ȭȱ	ŘǰŝŝŖǰŞřřȱ	Ȭȱ	ŗŞŞǰşŞŞȱ	Ȭȱ
ȱ—ŸŽœ–Ž—ȱ ›˜ž™ȱ¢ȱȱȱ	›œȱ	ŚŖǯŖȱ	ŚŖǯŖȱ	ŘŘŝǰŖřŝȱ	řŗŝǰśŗřȱ	Ȭȱ	Ȭȱ
'—œ›˜ŸŽȱ›˜™Ž›¢ȱȱ¢ȱȱǻŠǼȱ	›œȱ	śŖǯŖȱ	śŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱ—'ȱ›žœȱǻ‹Ǽȱ	›œȱ	—ȦŠȱ	řřǯřȱ	Ȭȱ	ŜŞŞǰşŘŞȱ	Ȭȱ	Ȭȱ
ȱ?ȱ¢ȱ'–'Žȱǻ‹Ǽȱ	›œȱ	—ȦŠȱ	řřǯřȱ	Ȭȱ	ŗŖŖȱ	Ȭȱ	Ȭȱ
Ž Œ˜›™ȱ›˜™Ž›'Žœȱ¢ȱȱ	›œȱȱ	ŘŖǯŖȱ	Ȭȱ	ŞŗŞǰŞśřȱ	Ȭȱ	Ȭȱ	Ȭȱ
˜˜•˜˜•Š‹Šȱ'Š›ȱ ˜•'—ȱ˜–™Š—¢ȱ¢ȱ
'–'ŽȱǻŠǼ	›œȱ	śŖǯŖȱ	śŖǯŖȱ	řǰśřŚǰśŝŞȱ	śŖȱ	Ȭȱ	Ȭȱ
˜ž'ȱŠŒ"ȱŠ‹˜›Š˜›'ŽœȱǻžœǼȱ¢ȱȱȱ	›œȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŝŜŞǰŖŖŖȱ
'Žȱ '—œ›˜ŸŽȱǻŠ—ŽœœŠȱ˜ŠǼȱ—'ȱ›žœȱ	›œȱ	ŘśǯŖȱ	ŘśǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
'ŽȱŠ›˜˜Œ'¢˜›ŽȱŽ'ŒŠ•ȱŽ—›ŽȱŠŒ'•'¢ȱ—'ȱ
›žœȱǻŠǼȱ	›œȱ	śŖǯŖȱ	śŖǯŖȱ	śŖȱ	śŖȱ	Ȭȱ	Ȭȱ
ž››Ž••Šȱ›˜™Ž›¢ȱ¢ȱȱ	›œȱ	řŘǯśȱ	řŘǯśȱ	Ȭȱ	ŗŖŘȱ	Ȭȱ	Ȭȱ
ž››Ž••Šȱ›˜™Ž›¢ȱ—'ȱ›žœ	›œȱ	řŘǯśȱ	řŘǯśȱ	ŘŜŝǰŝŘŝȱ	ŘŚŝǰŝŚşȱ	Ȭȱ	Ȭȱ
›‹Š—ȱ›˜™Ž›'ŽœȱŠ'›—œȱ¢ȱ'–'Ž	›œȱ	ŘŖǯŖȱ	ŘŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
›‹Š—ȱ›˜™Ž›'ŽœȱŽ—Ž—Š›¢ȱ¢ȱ'–'Ž	›œȱ	ŘŖǯŖȱ	ŘŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
›‹Š—ȱ›˜™Ž›'Žœȱ¢ȱ'–'Ž	›œȱ	řřǯřȱ	řřǯřȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱŽœ'Ž—'Š•ȱž—	›œȱ	ŘŘǯŘȱ	Ȭȱ	ŝŖǰşŖŗȱ	Ȭȱ	Ȭȱ	Ȭȱ
˜'—ȱŽ—ž›Žœȱ
ȱŘŚŜȱȱ¢ȱȱǻŠǼȱ	›œȱ	śŖǯŖȱ	śŖǯŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ
ȱȱŽŸȱ˜–'—ŽŽȱ¢ȱȱǻŠǼȱ	›œȱ	śŖǯŖȱ	śŖǯŖȱ	ŝǰŞŘŗǰŗśŝȱ	ŘǰŞśŘǰřŘŝȱ	Ȭȱ	Ȭȱ
ȱ	ȱ	ȱ ȱ	ȱ ȱ	ņņņņņņ ŚŞǰŚŖşǰŗŗřȱ	ņņņņņņ řŘǰŚřŜǰŝŖŘȱ	ņņņņņņ ŗǰŚśŞǰŚŝŝȱ	ņņņņņņ ŘǰŘŘŗǰřŚřȱ
		ȱ	ȱ	őőőőőő	őőőőőő	őőőőőő	őőőőőő

ǻǼ ¢ȱ ȱ ȱ ǰȱ ȱ ¢ȱ ǰȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ¢ȱ ǰȱ ȱ¢ȱȱ¢ȱǰȱȱȱ ȱ¢ȱ¢ȱǰȱȱ¢ȱȱȱ ¢ȱȱǰȱ
ȱȱȱȱ¢ȱȱȱ
ȱŘŚŜȱȱ¢ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢ǯȱȱ

ǻǼ ȱȱȱ¢ǰȱȱȱȱȱȱ?ȱ¢ȱȱȱȱȱȱǯȱȱȱȱŘǯȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼȱ

ŗśǯřȱ DZȱ

ȱȱȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ DZȱ

ȱȱ

								ȱ
					˜˜•˜˜•Š‹Šȱ			˜—›'‹ž˜›¢ȱ		˜ž'ȱŠŒ"ȱ
	žœ›Š•'Š—ȱ		'•˜—ȱ		˜•'—ȱ 'Š›ȱ	ȱ–Ž›'—ȱ	'œ˜—Žȱ	˜›ŠŽȱ	˜—Œ'œŽȱœœŽȱ	Š‹˜›Š˜›'Žœȱ
	—Ÿ˜'ŒŽȱ'—Š—ŒŽȱ	˜——¢‹›˜˜"ȱ?ȱ	Š™'Š•ȱ	ŝşȱ˜Š—ȱ˜Šȱ	˜–™Š—¢ȱ¢ȱ	˜–™Š—'Žœȱ	Š™'Š•ȱ¢ȱ	ž—ȱ˜Š—ȱ	ЗАޖޗȱ	ǻžœǼȱ¢ȱ
	'–'Žȱ	¢ȱ'–'Žȱ	'–'Žȱȱ	›žœȱ	'–'Žȱ	ž—ȱ	'–'Žȱ	›žœȱ˜ȱřȱ	'–'Žȱ	DZ'–'Žȱ	˜Š•ȱ
ȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟ	Ǟȱ
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗş
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘǰŘŞřǰŜśŖȱ	řǰŗŝŞǰŚŝŞȱ	ŗŞǰśřŜǰŝŚŗȱ	řǰŖŘŝǰŘŘŘȱ	śŖȱ	Ȭȱ	ŗǰŖŜŚǰŜŚŞȱ	Ȭȱ	Ȭȱ	Ȭ	ŘŞǰŖşŖǰŝŞşȱ
Ž ȱ'—Ž›ŽœœȱŠŒšž'›Žȱ	Ȭȱ	řŖŞǰŝŖŖȱ	śŗŝǰŗŚřȱȱ	Ȭȱ	Ȭȱ	řǰřřřǰřřŚȱȱ	ŗǰŜŖşǰŗşŗȱȱ	ŘǰŝŝŖǰŞřřȱ	Ȭȱ	Ȭ	ŞǰśřşǰŘŖŗȱ
'Š›Žȱ˜ȱ™›˜'œȱ‹Ž˜›ŽȱŠ¡ȱ	ǻŗŘśǰŖŖŗǼȱȱ	ǻŗŘŗǰŝŞŜǼȱ	ŘǰŚşŞǰŜŝřȱȱ	ŝŖǰŘŘŝȱȱ	śǰŖŚŜǰŗşşȱȱ	Ȭȱȱ	ǻŞŘřǰŝŖŝǼȱȱ	ŗŞŞǰşŞŞȱ	Ȭȱ	Ȭ	Ŝǰŝřřǰśşřȱ
'Š›Žȱ˜ȱŠ¡ȱŽ¡™Ž—œŽœȱ	Ȭȱ	řŞǰŖŝŘȱ	ǻŝśŜǰşŗŗǼȱ	Ȭȱ	ǻŗǰśŞśǰŗŚŗǼȱ	Ȭȱ	ǻŜǰŜŘŜǼȱ	Ȭȱ	Ȭȱ	Ȭ	ǻŘǰřŗŖǰŜŖŜǼȱȱ
'Š›Žȱ˜ȱŠœœ˜Œ'ŠŽȱ›ŽœŽ›ŸŽȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŝřǰŚŝŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŝřǰŚŝŖȱ
Žž›—ȱ˜ȱŒŠ™'Š•ȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻŗřŚǰŗŝřǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ	ǻŗřŚǰŗŝřǼȱ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	Ȭȱ	ǻŗǰŖśşǰŘŜŘǼȱȱ	ǻŝŖǰŘŘŝǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻŗŞŞǰşŞŞǼȱ	Ȭȱ	Ȭ	ǻŗǰřŗŞǰŚŝŝǼȱ
–™Š'›–Ž—ȱ˜ȱ'—ŸŽœ–Ž—ȱ	Ȭȱ	Ȭȱ	ǻŗǰŖŘŝǰřřŝǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ	ǻŗǰŖŘŝǰřřŝǼȱ
	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘǰŗśŞǰŜŚşȱ	řǰŚŖřǰŚŜŚȱ	ŗŞǰŝŖşǰŖŚŝȱ	ŘǰŞşřǰŖŚşȱ	řǰśřŚǰśŝŞȱ	řǰřřřǰřřŚȱ	ŗǰŞŚřǰśŖŜȱ	ŘǰŝŝŖǰŞřřȱ	Ȭȱ	Ȭȱ	řŞǰŜŚŜǰŚŜŖȱ
	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	ŞǰŖşŞǰşŜŗȱ	ŗŘǰŚŝŝǰşşŝȱ	řǰřŜŖǰŖşŘȱ	śŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŗǰŖŗŜǰŜŞřȱ	ŚǰŚŞřǰŗŝŗ	ŘşǰŚřŜǰşśŚȱ
Ž ȱ'—Ž›ŽœœȱŠŒšž'›Žȱ	ŘǰśŖŖǰŖŖŖȱ	Ȭȱ	ŜǰŘřŝǰşşŜȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŗǰŜŚŖǰŖŖŖȱ	Ȭȱ	Ȭȱ	Ȭ	ŗŖǰřŝŝǰşşŜȱ
—Ž›Žœȱ'œ™˜œŽȱȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻşŜŞǰśŚřǼȱ	ǻŚǰŖŚŗǰŞŝŖǼ	ǻśǰŖŗŖǰŚŗřǼȱ
'Š›Žȱ˜ȱ™›˜'œȱ‹Ž˜›ŽȱŠ¡ȱ	ǻŘŗŜǰřśŖǼȱ	ǻŝŖǰŜřŚǼȱ	ŗǰŜśŚǰśŞŝȱ	ǻŞŗǰşŘŖǼȱ	Ȭȱ	Ȭȱ	ǻśŝśǰřśŘǼȱ	Ȭȱ	ǻŜŞǰŞŗŝǼȱ	ŚŜŜǰŝŗř	ŗǰŗŖŞǰŘŘŝȱ
'Š›Žȱ˜ȱŠ¡ȱŽ¡™Ž—œŽœȱ	Ȭȱ	śŖǰŗśŗȱ	ǻŚşŞǰşŜŞǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŘŖǰŜŝŝȱ	ǻŗŚŖǰŖŗŚǼ	ǻśŜŞǰŗśŚǼȱ
Žž›—ȱ˜ȱŒŠ™'Š•ȱ	Ȭȱ	ǻŚǰşŖŖǰŖŖŖǼȱ	Ȭȱ	ǻŘŚśǰŗŝśǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ	ǻśǰŗŚśǰŗŝśǼȱ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	Ȭȱ	ǻŗǰŚŚŝǰśŜŞǼȱ	ǻśǰŝŝśǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻŝŜŞǰŖŖŖǼ	ǻŘǰŘŘŗǰřŚřǼȱ
ŽŸŠ•žŠ'˜—ȱ˜ȱ'—ŸŽœ–Ž—ȱ	Ȭȱ	Ȭȱ	ŗŗŘǰŜşŝȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ	ŗŗŘǰŜşŝȱ
	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘǰŘŞřǰŜśŖȱ	řǰŗŝŞǰŚŝŞȱ	ŗŞǰśřŜǰŝŚŗȱ	řǰŖŘŝǰŘŘŘȱ	śŖȱ	Ȭȱ	ŗǰŖŜŚǰŜŚŞȱ	Ȭȱ	Ȭȱ	Ȭ	ŘŞǰŖşŖǰŝŞşȱ
	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼȱ

ŗśǯřȱ ȱǻǼDZȱ

	˜'—ȱŽ—ž›Ž
	ȱȱŽŸȱ	ŠŽ›'Š•ȱ
	˜–'—ŽŽȱ¢ȱ	œœ˜Œ'ŠŽȱ	'Ž›ȱ—''Žœȱ
	'–'Žȱȱ	Ž—''Žœȱ	ǻŠǼȱ	˜Š•ȱ
ȱ	Ǟ	Ǟȱ	Ǟȱ	Ǟȱ
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗş	ȱ	ȱ	ȱ	ȱ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘǰŞśŘǰřŘŝȱ	ŘŞǰŖşŖǰŝŞşȱ	ŗǰŚşřǰśŞŜȱ	řŘǰŚřŜǰŝŖŘȱ
Ž ȱ'—Ž›ŽœœȱŠŒšž'›Žȱ	Ȭȱ	ŞǰśřşǰŘŖŗȱ	şŝśǰŞśśȱ	şǰśŗśǰŖśŜȱ
'Š›Žȱ˜ȱ™›˜'œȱ‹Ž˜›ŽȱŠ¡ȱ	ŚǰşŜŞǰŞřŖȱ	Ŝǰŝřřǰśşřȱ	ŘŞŘǰŖŚşȱ	ŗŗǰşŞŚǰŚŝŘȱ
'Š›Žȱ˜ȱŠ¡ȱŽ¡™Ž—œŽœȱ	Ȭȱ	ǻŘǰřŗŖǰŜŖŜǼȱ	ǻŗŝřǰŞşŞǼȱ	ǻŘǰŚŞŚǰśŖŚǼ
'Š›Žȱ˜ȱŠœœ˜Œ'ŠŽȱ›ŽœŽ›ŸŽȱ	Ȭȱ	ŝřǰŚŝŖȱ	Ȭȱ	ŝřǰŚŝŖȱ
Žž›—ȱ˜ȱŒŠ™'Š•ȱ	Ȭȱ	ǻŗřŚǰŗŝřǼȱ	ǻŘǰŗŘŝǰŖŚŖǼȱ	ǻŘǰŘŜŗǰŘŗřǼȱ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	ǻŗǰřŗŞǰŚŝŝǼȱ	ǻŗŚŖǰŖŖŖǼȱ	ǻŗǰŚśŞǰŚŝŝǼȱ
ŽŸŠ•žŠ'˜—ȱ˜ȱ'—ŸŽœ–Ž—ȱ	Ȭȱ	ǻŗǰŖŘŝǰřřŝǼȱ	Ȭȱ	ǻŗǰŖŘŝǰřřŝǼȱ
'œŒ˜ž—ȱ˜—ȱŠŒšž'œ''˜—ȱ	Ȭȱ	Ȭȱ	ŚřŘǰŜśŗȱ	ŚřŘǰŜśŗȱ
ŽŒ•Šœœ''ŒŠ'˜—ȱ˜ȱ'—ŸŽœ–Ž—œȱ	Ȭȱ	Ȭȱ	ŗǰŗşŞǰŘşřȱ	ŗǰŗşŞǰŘşřȱ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ņņņņņņņ ŝǰŞŘŗǰŗśŝȱ őőőőőőő	ņņņņņņņ řŞǰŜŚŜǰŚŜŖȱ őőőőőőő	ņņņņņņņ ŗǰşŚŗǰŚşŜȱ őőőőőőő	ņņņņņņņ ŚŞǰŚŖşǰŗŗřȱ őőőőőőő
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞȱ	ȱ	ȱ	ȱ	ȱ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	řǰŘŚŚǰŚŖŝȱ	ŘşǰŚřŜǰşśŚȱ	ŗǰŗśŞǰŚŞŞȱ	řřǰŞřşǰŞŚşȱ
Ž ȱ'—Ž›ŽœœȱŠŒšž'›Žȱ	Ȭȱ	ŗŖǰřŝŝǰşşŜȱ	ŞřǰŖŗŝȱ	ŗŖǰŚŜŗǰŖŗřȱ
—Ž›Žœȱ'œ™˜œŽȱȱ	Ȭȱ	ǻśǰŖŗŖǰŚŗřǼȱ	Ȭȱ	ǻśǰŖŗŖǰŚŗřǼȱ
'Š›Žȱ˜ȱ™›˜'œȱ‹Ž˜›ŽȱŠ¡ȱ	ǻřşŘǰŖŞŖǼȱ	ŗǰŗŖŞǰŘŘŝȱ	řśŘǰŘŞŜȱ	ŗǰŖŜŞǰŚřřȱ
'Š›Žȱ˜ȱŠ¡ȱŽ¡™Ž—œŽœȱ	Ȭȱ	ǻśŜŞǰŗśŚǼȱ	ǻŗŖŖǰŘŖśǼȱ	ǻŜŜŞǰřśşǼȱ
Žž›—ȱ˜ȱŒŠ™'Š•ȱ	Ȭȱ	ǻśǰŗŚśǰŗŝśǼȱ	Ȭȱ	ǻśǰŗŚśǰŗŝśǼȱ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	ǻŘǰŘŘŗǰřŚřǼȱ	Ȭȱ	ǻŘǰŘŘŗǰřŚřǼȱ
ŽŸŠ•žŠ'˜—ȱ˜ȱ'—ŸŽœ–Ž—ȱ	Ȭȱ ņņņņņņņ	ŗŗŘǰŜşŝȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ŗŗŘǰŜşŝȱ ņņņņņņņ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘǰŞśŘǰřŘŝȱ	ŘŞǰŖşŖǰŝŞşȱ	ŗǰŚşřǰśŞŜȱ	řŘǰŚřŜǰŝŖŘȱ
	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő

ǻǼ ȱȱȱŝşȱȱȱ¢ȱǰȱ ȱ¢ȱ¢ȱǰȱ ¢ȱȱȱǰȱȱȱȱ¢ȱ ǰȱ ȱ ¢ȱ ǰȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ¢ȱ ǰȱ ȱ ȱ ȱ ǰȱ
ȱ ȱ ȱ¢ȱǰȱ
ȱ¢ȱȱ¢ȱǰȱȱȱǰȱȱ ?ȱ¢ȱǰȱ ȱȱ¢ȱ ǰȱ ȱ ȱ ȱ ǻǼȱ ¢ȱ ǰȱ ȱ
ȱ ǻȱ Ǽȱ ȱ ǰȱ ȱ¢ȱȱ ¢ȱȱǰȱȱ¢ȱ¢ȱǰȱȱ¢ȱȱǰȱȱȱȱ¢ȱǰȱȱȱ¢ȱ ǰȱȱȱ¢ȱ¢ȱǰȱȱȱȱȱ
ȱŘŚŜȱȱ¢ȱǯȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼ

ŗśǯŚȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱ

ȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȂȱȱȱȱǯȱ¢ȱȱȱȱȱȱȱȱ ¢ȱȱ¢ȱ ȱȱȱ¢ȱǰȱȱȱȱȱȱȱȱȱȱȱ¢ǯȱ

	ȱȱŽŸȱ˜–'—ŽŽȱ		žœ›Š•'Š—ȱ—Ÿ˜'ŒŽȱ'—Š—ŒŽȱ
	¢ȱ'–'Žȱ		'–'Žȱ		˜——¢‹›˜˜"ȱ?ȱ¢ȱ'–'Žȱ		'•˜—ȱŠ™'Š•ȱ'–'Žȱȱȱ		ŝşȱ˜Š—ȱ˜Šȱ›žœȱȱȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟ
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱ
™˜œ''˜—
ž››Ž—ȱŠœœŽœȱ	ŜŞŖǰŖřşȱ	ŗǰŖŞśǰŗřŞȱ	şǰŞŞŚǰŘŞŜȱ	ŚǰŞŜŞǰŚŜŚȱ	ŚřŝǰŞŚŞȱ	ŘŜŖǰŖśşȱ	řřǰŖşŘǰŘřşȱ	řşǰśŚŞǰŞŜŞȱ	ŗŘŘǰŚŗŝȱ	śŚǰŜşŘȱ
ž››Ž—ȱ•'Š‹'•''Žœȱ	řşŗǰŚřşȱ	Ȭȱ	śǰřśśǰŚşŝȱ	ŝŜǰřŞŚȱ	ŘřǰşŜŗǰşśřȱ	ŘŘǰśśŝǰŘŚŝȱ	ŗǰŚŚřǰřŗŜȱ	ŗǰśśŘǰŗşŗȱ	ŚŗǰŖŞŗȱ	ŚŜǰşśŞȱ
ž››Ž—ȱ—ŽȱŠœœŽœȱ	ŘŞŞǰŜŖŖȱ ņņņņņņņ	ŗǰŖŞśǰŗřŞȱ ņņņņņņņ	ŚǰśŘŞǰŝŞşȱ ņņņņņņņ	ŚǰŝşŘǰŖŞŖȱ ņņņņņņņ	ǻŘřǰśŘŚǰŗŖśǼȱ ņņņņņņņ	ǻŘŘǰŘşŝǰŗŞŞǼȱ ņņņņņņņ	řŗǰŜŚŞǰşŘřȱ ņņņņņņņ	řŝǰşşŜǰŜŝŝȱ ņņņņņņņ	ŞŗǰřřŜȱ ņņņņņņņ	ŝǰŝřŚȱ ņņņņņņņ
˜—ȬŒž››Ž—ȱŠœœŽœȱ	ŚŖǰŖŝŜǰśŖşȱ	ŘŜǰśŚŞǰŝŘřȱ	řǰŚŞŜȱ	ŘǰŞŖŘȱ	řŖǰŚŜşǰşŚşȱ	ŘŞǰŝŞřǰŞŝŞȱ	ŗŜǰśřŜǰŜŚŝȱ	şǰŞŝśǰŜŝŝȱ	ŗşǰŜŝŚǰśŗŞȱ	ŘŖǰŗřŗǰŚŝŘȱ
˜—ȬŒž››Ž—ȱ•'Š‹'•''Žœȱ	ŘŚǰŝŘŘǰŜřŝȱ ņņņņņņņ	ŘŗǰşŘşǰŘŖŞȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ŗŗǰŚşŖǰŖŖŖȱ ņņņņņņņ	ŗŗǰŚşŖǰŖŖŖȱ ņņņņņņņ
˜—ȬŒž››Ž—ȱ—ŽȱŠœœŽœȱ	ŗśǰřśřǰŞŝŘȱ	ŚǰŜŗşǰśŗśȱ	řǰŚŞŜȱ	ŘǰŞŖŘȱ	řŖǰŚŜşǰşŚşȱ	ŘŞǰŝŞřǰŞŝŞȱ	ŗŜǰśřŜǰŜŚŝȱ	şǰŞŝśǰŜŝŝȱ	ŞǰŗŞŚǰśŗŞȱ	ŞǰŜŚŗǰŚŝŘȱ
ŽȱŠœœŽœȱ	ŗśǰŜŚŘǰŚŝŘȱ ņņņņņņņ	śǰŝŖŚǰŜśřȱ ņņņņņņņ	ŚǰśřŘǰŘŝśȱ ņņņņņņņ	ŚǰŝşŚǰŞŞŘȱ ņņņņņņņ	ŜǰşŚśǰŞŚŚȱ ņņņņņņņ	ŜǰŚŞŜǰŜşŖȱ ņņņņņņņ	ŚŞǰŗŞśǰśŝŖȱ ņņņņņņņ	ŚŝǰŞŝŘǰřśŚȱ ņņņņņņņ	ŞǰŘŜśǰŞśŚȱ ņņņņņņņ	ŞǰŜŚşǰŘŖŜȱ ņņņņņņņ
ŽŒ˜—Œ'•'Š'˜—ȱ˜ȱŒŠ››¢'—ȱŠ–˜ž—œDZ
™Ž—'—ȱ—ŽȱŠœœŽœȱŗȱ?ž•¢ȱ	śǰŝŖŚǰŜśřȱ	ŜǰŚŞŞǰŞŗřȱ	ŚǰŝşŚǰŞŞŘȱ	ǻŜŖŖǼȱ	ŜǰŚŞŜǰŜşŖȱ	ŗŜǰśŘŞǰŚşŘȱ	ŚŝǰŞŝŘǰřśŚȱ	řŗǰŞŘŜǰşřŜȱ	ŞǰŜŚşǰŘŖŜȱ	şǰŜŖŖǰŘŜŚȱ
'Š›Žœȱ'œœžŽȱ	ŗŜŖȱ	Ȭȱ	Ȭȱ	śǰŘśŖǰŖŖŖȱ	ŜřŖǰŖŖŖȱ	Ȭȱ	ŜŘǰŘŖŗȱ	ŗŜǰŘřŜǰŜŝŚȱ	Ȭȱ	Ȭȱ
'Š›Žœȱ‹˜ž'ȱ‹ŠŒ"ȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻŜŖşǰşşřǼȱ	Ȭȱ	Ȭȱ	Ȭȱ
›˜'Ȧǻ•˜œœǼȱ˜›ȱ'Žȱ™Ž›'˜ȱ	şǰşřŝǰŜśşȱ	ǻŝŞŚǰŗŜŖǼȱ	ǻŘŜŘǰŜŖŝǼȱ	ǻŚśŚǰśŗŞǼȱ	ǻŗŝŖǰŞŚŜǼȱ	ǻŚŗǰŞŖŘǼȱ	ŚǰřŞŜǰśŖŝȱ	řǰŖŖŜǰŖśśȱ	ŘŖŖǰŜŚŞȱ	ǻŘřŚǰŖśŞǼȱ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻřǰśŘśǰŚşşǼȱ	ǻřǰŗşŝǰřŗŗǼȱ	ǻŘŖŖǰŜŚŞǼȱ	ǻŗŜǰŚşşǼȱ
Žž›—ȱ˜ȱŒŠ™'Š•ȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻŗŖǰŖŖŖǰŖŖŖǼȱ	Ȭȱ	Ȭȱ	ǻřŞřǰřśŘǼȱ	ǻŝŖŖǰśŖŗǼȱ
•˜œ'—ȱ—ŽȱŠœœŽœȱ	ŗśǰŜŚŘǰŚŝŘȱ ņņņņņņņ	śǰŝŖŚǰŜśřȱ ņņņņņņņ	ŚǰśřŘǰŘŝśȱ ņņņņņņņ	ŚǰŝşŚǰŞŞŘȱ ņņņņņņņ	ŜǰşŚśǰŞŚŚȱ ņņņņņņņ	ŜǰŚŞŜǰŜşŖȱ ņņņņņņņ	ŚŞǰŗŞśǰśŝŖȱ ņņņņņņņ	ŚŝǰŞŝŘǰřśŚȱ ņņņņņņņ	ŞǰŘŜśǰŞśŚȱ ņņņņņņņ	ŞǰŜŚşǰŘŖŜȱ ņņņņņņņ

ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ ņņņņņņņ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼ

ŗśǯŚȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱǻǼȱ

	ȱȱŽŸȱ˜–'—ŽŽȱ		žœ›Š•'Š—ȱ—Ÿ˜'ŒŽȱ'—Š—ŒŽȱ
	¢ȱ'–'Žȱ		'–'Žȱ		˜——¢‹›˜˜"ȱ?ȱ¢ȱ'–'Žȱȱ		'•˜—ȱŠ™'Š•ȱ'–'Žȱ		ŝşȱ˜Š—ȱ˜Šȱ›žœȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
›˜ž™ȇœȱœ'Š›ŽȱȬȱ™Ž›ŒŽ—ŠŽȱ ›˜ž™ȇœȱœ'Š›ŽȱȬȱ˜••Š›œȱ	7,821,236 50%	śŖƖȱ ŘǰŞśŘǰřŘŝȱ	ŚŝǯŜƖȱ ŘǰŗśŝǰřŜřȱ	ŚŝǯŜƖȱ ŘǰŘŞŘǰřŜŚȱ	ŚşƖȱ řǰŚŖřǰŚŜŚȱ	ŚşƖȱ řǰŗŝŞǰŚŝŞȱ	ŚŖǯřƖȱ ŗşǰŚŗŞǰŝŞśȱ	řŞǯŝƖȱ ŗŞǰśŘŜǰŜŖŗȱ	řśƖȱ ŘǰŞşřǰŖŚşȱ	řśƖȱ 3,027,222
"žœŽȱ˜ȱ–Š›"ŽȱŸŠ•žŽȱ	(79)	Ȭȱ	ŗǰŘŞŜȱ	ŗǰŘŞŜȱ	Ȭȱ	Ȭȱ	ǻŝŖşǰŝřŞǼȱ	ŗŖǰŗŚŖȱ	Ȭȱ	Ȭȱ
Š››¢'—ȱŠ–˜ž—ȱ	ņņņņņņņ 7,821,157	ŘǰŞśŘǰřŘŝȱ ņņņņņņņ	ŘǰŗśŞǰŜŚşȱ ņņņņņņņ	ŘǰŘŞřǰŜśŖȱ ņņņņņņņ	řǰŚŖřǰŚŜŚȱ ņņņņņņņ	řǰŗŝŞǰŚŝŞȱ ņņņņņņņ	ŗŞǰŝŖşǰŖŚŝȱ ņņņņņņņ	ŗŞǰśřŜǰŝŚŗȱ ņņņņņņņ	ŘǰŞşřǰŖŚşȱ ņņņņņņņ	řǰŖŘŝǰŘŘŘȱ ņņņņņņņ
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ Œ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Ž	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ
›˜'Ȧǻ•˜œœǼȱ˜›ȱ'Žȱ™Ž›'˜ȱ ŽŸŽ—žŽȱ	ŗŚǰŘŚşǰśŗşȱ şǰşřŝǰŜśşȱ	ŗǰŞşŜǰřşŗȱ ǻŝŞŚǰŗŜŖǼȱ	ŘǰřřŗǰŗŜŖȱ ǻŘŜŘǰŜŖŝǼȱ	řşśǰŚŘŗȱ ǻŚśŚǰśŗŞǼȱ	śřǰŝŗŝȱ ǻŗŝŖǰŞŚŜǼȱ	ŗŗŝǰŜŞŗȱ ǻŚŗǰŞŖŘǼȱ	ŝǰŜřŜǰŝŝŚȱ ŚǰřŞŜǰśŖŝȱ	śǰŚŝřǰřŝŚȱ řǰŖŖŜǰŖśśȱ	ŗǰŘŖśǰŘŘşȱ ŘŖŖǰŜŚŞȱ	ŗǰŖŝŚǰŘşŘȱ ǻŘřŚǰŖśŞǼȱ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ	şǰşřŝǰŜśşȱ ņņņņņņņ	ǻŝŞŚǰŗŜŖǼȱ ņņņņņņņ	ǻŘŜŘǰŜŖŝǼȱ ņņņņņņņ	ǻŚśŚǰśŗŞǼȱ ņņņņņņņ	ǻŗŝŖǰŞŚŜǼȱ ņņņņņņņ	ǻŚŗǰŞŖŘǼȱ ņņņņņņņ	ŚǰřŞŜǰśŖŝȱ ņņņņņņņ	řǰŖŖŜǰŖśśȱ ņņņņņņņ	ŘŖŖǰŜŚŞȱ ņņņņņņņ	ǻŘřŚǰŖśŞǼȱ ņņņņņņņ
'Ÿ'Ž—œȱ›ŽŒŽ'ŸŽȱȱ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	Ȭȱ ņņņņņņņ	ŗǰŖśşǰŘŜŘȱ ņņņņņņņ	ŗǰŚŚŝǰśŜŞȱ ņņņņņņņ	ŝŖǰŘŘŝȱ ņņņņņņņ	śǰŝŝśȱ ņņņņņņņ
	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ	ņņņņņņņ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼ ŗśǯŚȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱ

	˜˜•˜˜•Š‹Šȱ'Š›ȱ						ȱ˜—›'‹ž˜›¢ȱ
	'–'Žȱ	˜•'—ȱ˜–™Š—¢ȱ¢ȱ	˜–™Š—'Žœȱž—ȱ ȱ–Ž›'—ȱ			'œ˜—ŽȱŠ™'Š•ȱ¢ȱ '–'Žȱ	˜›ŠŽȱž—ȱ˜Š—ȱ ›žœȱ˜ȱř		ЗАޖޗȱ'–'Žȱ ˜—Œ'œŽȱœœŽȱ		˜ž'ȱŠŒ"ȱŠ‹˜›Š˜›'Žœȱ ǻžœǼȱ¢ȱ'–'Žȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ'—Š—Œ'Š•ȱ
™˜œ''˜—
ž››Ž—ȱŠœœŽœ	ŜŗŗǰŗŞŘȱ	ŜǰŞŜŜǰŝŚŜȱ	śǰşŗŖǰřŖřȱ	Ȭȱ	ŗśǰŖŗŝǰŚŘřȱ	ŚǰŝŚŘǰŜŖŘȱ	śǰŗŚřǰŘŖřȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
ž››Ž—ȱ•'Š‹'•''Žœȱ	řŝŗǰŜŖŝȱ	ŗǰŖśşǰŜŘŘȱ	şŚǰŖŖŝȱ	Ȭȱ	ŗřǰřŘŞǰŜŘşȱ	ŚǰŜŞŞǰŘŞŜȱ	ŞŖşǰŖşřȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
ž››Ž—ȱ—ŽȱŠœœŽœȱ	Řřşǰśŝśȱ ņņņņņņ	śǰŞŖŝǰŗŘŚȱ ņņņņņņ	śǰŞŗŜǰŘşŜȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŗǰŜŞŞǰŝşŚȱ ņņņņņņ	śŚǰřŗŜȱ ņņņņņņ	ŚǰřřŚǰŗŗŖȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ Ȭ
˜—ȬŒž››Ž—ȱŠœœŽœȱ	ŘŖǰśŖŚǰŚşśȱ	ŘŖŖǰśřřȱ	şǰŗŗşǰşřŞȱ	Ȭȱ	ŝǰŚŚŗǰŝřŘȱ	ŗǰŘŘŜǰřşŝȱ	ŞǰşŜśǰŞŞŗȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
˜—ȬŒž››Ž—ȱ•'Š‹'•''Žœȱ	ŗřǰŜŝŚǰŞŜśȱ	ŜǰŖŚřǰřŝŖȱ	Ȭȱ	Ȭȱ	ŜǰŚşŜǰşŞŜȱ	ŗǰřŜŗǰŝśŝȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
˜—ȬŒž››Ž—ȱ—ŽȱŠœœŽœȱ	ŜǰŞŘşǰŜřŖȱ ņņņņņņ	ǻśǰŞŚŘǰŞřŝǼȱ ņņņņņņ	şǰŗŗşǰşřŞȱ ņņņņņņ	Ȭȱ ņņņņņņ	şŚŚǰŝŚŜȱ ņņņņņņ	ǻŗřśǰřŜŖǼȱ ņņņņņņ	ŞǰşŜśǰŞŞŗȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ Ȭ
ŽȱŠœœŽœȱ	ŝǰŖŜşǰŘŖśȱ ņņņņņņ	ǻřśǰŝŗřǼȱ ņņņņņņ	ŗŚǰşřŜǰŘřŚȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŘǰŜřřǰśŚŖȱ ņņņņņņ	ǻŞŗǰŖŚŚǼȱ ņņņņņņ	ŗřǰŘşşǰşşŗȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ Ȭ
ŽŒ˜—Œ'•'Š'˜—ȱ˜ȱŒŠ››¢'—ȱŠ–˜ž—œDZȱ	ȱ
™Ž—'—ȱ—ŽȱŠœœŽœȱŗȱ?ž•¢ȱ	ǻřśǰŝŗřǼȱ	ŗŚǰŝŘŗȱ	Ȭȱ	Ȭȱ	ǻŞŗǰŖŚŚǼȱ	ŗǰŖŖŘǰřŘŗȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
'Š›Žœȱ'œœžŽȱ	Ȭȱ	Ȭȱ	ŗŚǰşřŜǰŘřŚȱ	Ȭȱ	śǰŚřŚǰśŞŘȱ	ŘǰŗŘŖǰŚŗŝȱ	ŗřǰřŖŖǰŖŖŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
›˜'Ȧǻ•˜œœǼȱ˜›ȱ'Žȱ™Ž›'˜ȱ	ŝǰŗŖŚǰşŗŞȱ	ǻśŖǰŚřŚǼȱ	Ȭȱ	Ȭȱ	ǻŘǰŝŗşǰşşŞǼȱ	ǻřǰŘŖřǰŝŞŘǼȱ	şŚŗǰśŞŚȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
'Ÿ'Ž—ȱ™Š'ȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	ǻşŚŗǰśşřǼȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭȱ	Ȭ
•˜œ'—ȱ—ŽȱŠœœŽœȱ	ŝǰŖŜşǰŘŖśȱ ņņņņņņ	ǻřśǰŝŗřǼȱ ņņņņņņ	ŗŚǰşřŜǰŘřŚȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŘǰŜřřǰśŚŖȱ ņņņņņņ	ǻŞŗǰŖŚŚǼȱ ņņņņņņ	ŗřǰŘşşǰşşŗȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ Ȭ

ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ ņņņņņņ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼ

ŗśǯŚȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱǻǼȱ

	˜˜•˜˜•Š‹Šȱ'Š›ȱ						ȱ˜—›'‹ž˜›¢ȱ
		˜•'—ȱ˜–™Š—¢ȱ¢ȱ	ȱ–Ž›'—ȱ		'œ˜—ŽȱŠ™'Š•ȱ¢ȱ		˜›ŠŽȱž—ȱ˜Š—ȱ		˜—Œ'œŽȱœœŽȱ		˜ž'ȱŠŒ"ȱŠ‹˜›Š˜›'Žœȱ
	'–'Žȱ		˜–™Š—'Žœȱž—ȱ		'–'Žȱ		›žœȱ˜ȱřȱ		ЗАޖޗȱ'–'Žȱ		ǻžœǼȱ¢ȱ'–'Žȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
›˜ž™ȇœȱœ'Š›ŽȱȬȱ™Ž›ŒŽ—ŠŽȱ	śŖƖȱ	śŖƖȱ	ŘŘǯřƖ	Ȭ	34%	29%	20.8%	Ȭ	Ȭȱ	Ȭ	Ȭ	-
›˜ž™ȇœȱœ'Š›ŽȱȬȱ˜••Š›œȱ	řǰśřŚǰŜŖřȱ	ǻŗŝǰŞśŝǼȱ	řǰřřŖǰŝŞŖȱ	Ȭȱ	ŞşśǰŚŖŚȱ	ǻŘřǰśŖřǼȱ	2,766,398	Ȭ	Ȭȱ	Ȭ	Ȭ	-
"žœŽȱ˜ȱ–Š›"ŽȱŸŠ•žŽȱ	ǻŘśǼȱ	ŗŝǰşŖŝȱ	ŘǰśśŚȱ	Ȭȱ	şŚŞǰŗŖŘȱ	ŗǰŖŞŞǰŗśŗȱ	4,435	Ȭ	Ȭȱ	Ȭ	Ȭ	-
Š››¢'—ȱŠ–˜ž—ȱ	řǰśřŚǰśŝŞȱ ņņņņņņ	śŖȱ ņņņņņņ	řǰřřřǰřřŚȱ ņņņņņņ	Ȭȱ ņņņņņņ	ŗǰŞŚřǰśŖŜȱ ņņņņņņ	ŗǰŖŜŚǰŜŚŞȱ ņņņņņņ	ņņņņņņ 2,770,833	ņņņņņņ Ȭ	Ȭȱ ņņņņņņ	ņņņņņņ Ȭ	ņņņņņņ Ȭ	ņņņņņņ -
ž––Š›'œŽȱœŠŽ–Ž—ȱ˜ȱ Œ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Ž	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ
ŽŸŽ—žŽȱ	ŗřǰŝŘŜǰŖŞŖȱ	ŘǰśśŗǰŖŖřȱ	ŘŝǰŗŞŜȱ	Ȭȱ	ŗǰŜŜŖǰŜŝŖȱ	řŖŚǰŘŞŞȱ	şŚŗǰŜřśȱ	Ȭȱ	Ȭȱ	śŜŜǰřŝŖ	Ȭ	ŘǰřŞŗǰŗŜř
›˜'Ȧǻ•˜œœǼȱ˜›ȱ'Žȱ™Ž›'˜ȱ	ŝǰŗŖŚǰşŗŞȱ	ǻśŖǰŚřŚǼȱ	Ȭȱ	Ȭȱ	ǻŘǰŝŗşǰşşŞǼȱ	ǻřǰŘŖřǰŝŞŘǼȱ	şŚŗǰśŞŚȱ	Ȭȱ	Ȭȱ	ǻŗŗŚǰŜŗşǼ	Ȭ	ŜŞŖǰŜŘř
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ	ŝǰŗŖŚǰşŗŞȱ ņņņņņņ	ǻśŖǰŚřŚǼȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ǻŘǰŝŗşǰşşŞǼȱ ņņņņņņ	ǻřǰŘŖřǰŝŞŘǼȱ ņņņņņņ	şŚŗǰśŞŚȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ ǻŗŗŚǰŜŗşǼ	ņņņņņņ Ȭ	ņņņņņņ ŜŞŖǰŜŘř
'Ÿ'Ž—œȱ›ŽŒŽ'ŸŽȱȱ	- ņņņņņņ	- ņņņņņņ	- ņņņņņņ	ņņņņņņ Ȭ	ņņņņņņ -	ņņņņņņ -	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	Ȭȱ ņņņņņņ	ņņņņņņ -	ņņņņņņ Ȭ	ņņņņņņ ŝŜŞǰŖŖŖ
	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ	ņņņņņņ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗśDZȱ ȱȱȱ ȱ ȱȱ ȱǻǼ

ŗśǯśȱ ¢ȱȱȱȱȱȱȱ¢ȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱǰȱȱȱȱȱȱȱȱ ȱȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱǯȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟ

›ŽŠŽȱŒŠ››¢'—ȱŠ–˜ž—ȱ˜ȱ'—'Ÿ'žŠ••¢ȱ'––ŠŽ›'Š•ȱ '—ŸŽœ–Ž—œȱŠŒŒ˜ž—Žȱ˜›ȱžœ'—ȱ'ŽȱŽšž'¢ȱ–Ž'˜ȱ ›ŽŠŽȱŠ–˜ž—œȱ˜ȱȂœȱœ'Š›Žȱ˜DZȱ	ŗǰşŚŗǰŚşŜȱ	ŗǰŚşřǰśŞŜȱ
›˜'ȱ˜›ȱ'Žȱ™Ž›'˜ȱ	ŗŖŞǰŗśŗȱ	ŘśŘǰŖŞŗȱ
˜Š•ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱ	ņņņņņņņ ŗŖŞǰŗśŗ őőőőőőő	ņņņņņņņ ŘśŘǰŖŞŗ őőőőőőő
ȱŗŜDZȱ ǰȱȱȱȱ
ŗŜǯŗȱȱȱ˜Š•ȱ™›˜™Ž›¢ǰȱ™•Š—ȱŠ—ȱŽšž'™–Ž—ȱ	řŖŚǰśŚŚȱ őőőőőőő	řŚŘǰŞŜŗȱ őőőőőőő
˜–™›'œŽœDZȱ •Š—ȱŠ—ȱŽšž'™–Ž—
ȱŒ˜œ	řŗŚǰŖŖşȱ	řŖŗǰŝřŝ
ŒŒž–ž•ŠŽȱŽ™›ŽŒ'Š'˜—ȱ	ǻŘŗŗǰŜşŗǼȱȱ	ǻŗśŗǰŗŝŗǼȱ
	ņņņņņņņ ŗŖŘǰřŗŞȱ őőőőőőő	ņņņņņņņ ŗśŖǰśŜŜȱ őőőőőőő

ŽŠœŽ'˜•ȱ'–™›˜ŸŽ–Ž—œȱ ȱŒ˜œ	ŘśŖǰŗŚŘȱ	ŘŖŞǰşŚŘ
ŒŒž–ž•ŠŽȱŽ™›ŽŒ'Š'˜—	ǻŝŚǰşŗŜǼȱ	ǻŚřǰŜŚŝǼȱ
	ņņņņņņņ ŗŝśǰŘŘŜȱ őőőőőőő	ņņņņņņņ ŗŜśǰŘşśȱ őőőőőőő
›˜™Ž›'Žœ
ȱŒ˜œȱ	ŘŝǰŖŖŖȱ őőőőőőő	ŘŝǰŖŖŖȱ őőőőőőő
ŗŜǯŘȱȱȱŽŒ˜—Œ'•'Š'˜—
•Š—ȱŠ—ȱŽšž'™–Ž—
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗśŖǰśŜŜȱ	ŗŞřǰŞŗśȱ
''˜—œȱ	ŗŘǰŘŝŘȱ	ŘŘǰśŜŘȱ
Ž™›ŽŒ'Š'˜—	ǻŜŖǰśŘŖǼȱ ņņņņņņņ	ǻśśǰŞŗŗǼ ņņņņņņņ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŖŘǰřŗŞȱ	ŗśŖǰśŜŜ
	őőőőőőő	őőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ
ȱŗŜDZȱ ǰȱȱȱȱǻǼȱ
ŗŜǯŘȱȱȱŽŒ˜—Œ'•'Š'˜—ȱǻŒ˜—'—žŽǼ

ŽŠœŽ'˜•ȱ'–™›˜ŸŽ–Ž—œȱ ȱ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŜśǰŘşśȱ	ŗŞŜǰśŞŞ
''˜—ȱ	ŚŗǰŘŖŖȱ	ŞǰŖşŞ
Ž™›ŽŒ'Š'˜—ȱ	ǻřŗǰŘŜşǼȱ ņņņņņņņ	ǻŘşǰřşŗǼ ņņņņņņņ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŝśǰŘŘŜȱ őőőőőőő	ŗŜśǰŘşś őőőőőőő
›˜™Ž›'Žœ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱŠ—ȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŘŝǰŖŖŖȱ őőőőőőő	ŘŝǰŖŖŖ őőőőőőő
ȱŗŝDZȱ ȱȱ
˜—ȬŒž››Ž—
ŽŠœŽȱ™›˜™Ž›'Žœȱ	ŘǰŚŖŖǰŖŖŖȱ őőőőőőő	ŗǰřśŖǰŖŖŖȱ őőőőőőő
ŽŒ˜—Œ'•'Š'˜—DZ
—ŸŽœ–Ž—ȱ™›˜™Ž›'ŽœȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗǰřśŖǰŖŖŖȱ	ŞǰśŝŞǰŜşŝȱ
''˜—œȱȮȱŒŠ™'Š•ȱŽ¡™Ž—'ž›Žȱ	ŞǰşŞŚȱ	ŗǰŝŗŗǰřŞŘȱ
ŽŒ•Šœœ''ŒŠ'˜—ȱ˜ȱ'Ž•ȱ˜›ȱœŠ•Žȱ	Ȭȱ	ǻŗŗǰŜŘŖǰřŚřǼ
Š'›ȱŸŠ•žŽȱŠ"žœ–Ž—ȱ	ŗǰŖŚŗǰŖŗŜȱ	ŘǰŜŞŖǰŘŜŚȱ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ņņņņņņņ ŘǰŚŖŖǰŖŖŖȱ	ņņņņņņņ ŗǰřśŖǰŖŖŖȱ
–˜ž—œȱ›ŽŒ˜—'œŽȱ'—ȱŒ˜–™›Ž'Ž—œ'ŸŽȱ'—Œ˜–Žȱȱ	őőőőőőő	őőőőőőő
Ž—Š•ȱ'—Œ˜–Žȱ	ŘŖŚǰşŖŗȱ	ŗşŚǰşśŝ
ž˜'—ȱ›ŽŒ˜ŸŽ›¢ȱ	Řŝǰŗřŗȱ	řŗǰŘŞřȱ
'›ŽŒȱ˜™Ž›Š'—ȱŽ¡™Ž—œŽœȱ›˜–ȱ™›˜™Ž›¢ȱ'ŠȱŽ—Ž›ŠŽȱ›Ž—Š•ȱ
'—Œ˜–Žȱ	řśǰŞŝŖȱ	ŘśǰŗŚŗȱ
ŽŠœŽȱ™›˜™Ž›'Žœȱ
ŚŘřȱȮȱŚŝşȱž–'ŒŽœ˜—Žȱ˜ŠǰȱŠ‹˜˜•ž›Žȱȱ	ŘǰŚŖŖǰŖŖŖ őőőőőőő	ŗǰřśŖǰŖŖŖ őőőőőőő

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱ?ȱ ȱǭȱ ¢ȱ ǯȱȱ

ȱ ȱ	ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱŽ''ŽȱŠŸŽ›ŠŽ
ȱ	ŘŖŗşȱ	ŘŖŗŞ
Š™'Š•'œŠ'˜—ȱ›ŠŽȱ ȱ	şǯŗŝƖȱ	ŗŖǯŗŜƖȱ
ŽŠœŽȱŽ¡™'›¢ȱ ȱ	ŚǯřŚȱ¢ŽŠ›œȱ	ȱŖǯřřȱ¢ŽŠ›œ
ŒŒž™Š—Œ¢ȱ ȱ	ŗŖŖƖȱ	ŗŖŖƖȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŗŞDZȱ ȱȱ

	ŘŖŗşȱ	ŘŖŗŞ
	Ǟȱ	Ǟȱ
—Š—'‹•ŽȱŠœœŽœ	Ȭȱ	Ȭȱ
	őőőőőőő	őőőőőőő
ŽŒ˜—Œ'•'Š'˜—œDZ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	Ȭȱ
''˜—œȱ	Ȭȱ	ŜǰŗŚŚ
–™Š'›–Ž—ȱ	Ȭȱ	ǻŜǰŗŚŚǼȱ
	ņņņņņņņ	ņņņņņņņ
Š››¢'—ȱŠ–˜ž—ȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	Ȭȱ	Ȭȱ
	̳̳̳̳̳̳̳	őőőőőőő
ȱŗşDZȱ ȱȱ ȱȱ
ž››Ž—
›ŠŽȱ™Š¢Š‹•ŽœȱǻŠǼȱ	ŜǰŘŖśǰşŚŝȱ	ŚǰśşŗǰřŗŜȱ
ž—›¢ȱŒ›Ž'˜›œȱŠ—ȱŠŒŒ›žŠ•œȱ	ŝǰşśŞǰŞřşȱȱ	śǰśŗŖǰŗŞŘ
	ņņņņņņņ ŗŚǰŗŜŚǰŝŞŜȱȱ	ņņņņņņņ ŗŖǰŗŖŗǰŚşŞ

őőőőőőő őőőőőőő Ȭ ȱ¢ȱǻǼȱ śǰŖŖŖǰŖŖŖȱ Ȭȱ őőőőőőő őőőőőőő

ǻǼ ȱ¢ȱȱȱǞŝǰŖŖŗǰŘşřȱ¢ȱȱȱȱȱȱȱȱȱ?ȱȱȱȱǞŘǰşşŞǰŝŖŝȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱ¢ȱȱǰȱ ȱ ȱǰȱȱȱ¢ȱȱ?ȱȱǯȱ

ȱŘŖDZȱ ȱ

ž››Ž—
–™•˜¢ŽŽȱŽ—'•Ž–Ž—œȱ	ŞśŚǰŜşşȱ őőőőőőő	ŞŜŝǰŝşŞȱ őőőőőőő
˜—ȬŒž››Ž—ȱ
–™•˜¢ŽŽȱŽ—'•Ž–Ž—œȱ	ŗŖŚǰŗřŜȱ őőőőőőő	ŘŗǰŖŖś őőőőőőő
ȱŘŗDZȱ ȱ ȱȱȱ ȱ
ž››Ž—ȱ ȱ	ȱ
ŽŒž›Žȱ•˜Š—	Ȭȱ	ŘǰśŞřǰŗŘŗȱ
˜—ȬŒž››Ž—	őőőőőőő	őőőőőőő
ŽŒž›Žȱ•˜Š—œȱ	ŗŚǰŜŜşǰŗřŘȱ	ŗřǰşřŖǰŜŘŞȱ
—œŽŒž›Žȱ•˜Š—ȱ›˜–ȱŠœœ˜Œ'ŠŽȱŽ—'¢ȱ	şǰŜŗřǰŖşŘȱ	şǰŜŝŝǰśŞŜȱ
˜—ŸŽ›'‹•Žȱ—˜Žœȱ	śŜǰŖśřǰśŗŞȱ	śśǰŘřŜǰşŞŝ
	ņņņņņņņ ŞŖǰřřśǰŝŚŘȱ	ņņņņņņņ ŝŞǰŞŚśǰŘŖŗȱ
	őőőőőőő	őőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘŗDZȱ ȱ ȱȱȱ ȱǻǼȱ

ŽŒ˜—Œ'•'Š'˜—DZȱ		'Š‹'•''Žœȱ›˜–ȱ'—Š—Œ'—ȱŠŒ'Ÿ''Žœ
		—œŽŒž›Žȱ•˜Š—ȱ›˜–ȱ	˜—ŸŽ›'‹•Žȱ
	ŽŒž›Žȱ•˜Š—œ	Šœœ˜Œ'ŠŽȱŽ—'¢	—˜Žœȱ	˜Š•ȱ
ȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗşȱ	ȱ	ȱ	ȱ	ȱ
ȱ 'Š‹'•''ŽœȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ȱ ŗŜǰśŗřǰŝŚş	ȱ şǰŜŝŝǰśŞŜ	ȱ śśǰŘřŜǰşŞŝȱ	ȱ ŞŗǰŚŘŞǰřŘŘȱ
Šœ'ȱ•˜ œȱ	ǻŘǰśŞřǰŗŘŖǼȱ	ǻŜşşǰŖŞŜǼȱ	ǻřǰŚşŞǰŜŖŖǼȱ	ǻŜǰŝŞŖǰŞŖŜǼȱ
'Ž›ȱ—˜—ȬŒŠœ'ȱ–˜ŸŽ–Ž—œȱ	ŝřŞǰśŖřȱ	ŜřŚǰśşŘȱ	Śǰřŗśǰŗřŗȱ ņņņņņņņņ	śǰŜŞŞǰŘŘŜȱ
'Š‹'•''ŽœȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ņņņņņņņņ ŗŚǰŜŜşǰŗřŘȱ őőőőőőőő	ņņņņņņņņ şǰŜŗřǰŖşŘȱ őőőőőőőő	śŜǰŖśřǰśŗŞȱ őőőőőőőő	ņņņņņņņņ ŞŖǰřřśǰŝŚŘȱ őőőőőőőő
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞ
ȱ 'Š‹'•''ŽœȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ȱ ŗŘǰŜŝşǰŚřş	ȱ ŗŖǰŗŘřǰşŜŝ	ȱ Ȭȱ	ȱ ŘŘǰŞŖřǰŚŖŜȱ
Šœ'ȱ•˜ œȱ	ŘǰśŞřǰŗŘŗȱ	ǻŜśŚǰśŞřǼȱ	ŜŖǰŖŖŖǰŖŖŖȱ	ŜŗǰşŘŞǰśřŞȱ
›Š—œŠŒ'˜—ȱŒ˜œœȱ	Ȭȱ	Ȭȱ	ǻŗǰşşŜǰŜśŘǼȱ	ǻŗǰşşŜǰŜśŘǼȱ
'Ž›ȱ—˜—ȬŒŠœ'ȱ–˜ŸŽ–Ž—œȱ	ŗǰŘśŗǰŗŞşȱ ņņņņņņņņ	ŘŖŞǰŘŖŘȱ ņņņņņņņņ	ǻŘǰŝŜŜǰřŜŗǼȱ ņņņņņņņņ	ǻŗǰřŖŜǰşŝŖǼȱ ņņņņņņņņ
'Š‹'•''ŽœȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŜǰśŗřǰŝŚşȱ őőőőőőőő	şǰŜŝŝǰśŞŜȱ őőőőőőőő	śśǰŘřŜǰşŞŝȱ őőőőőőőő	ŞŗǰŚŘŞǰřŘŘȱ őőőőőőőő

Řŗǯŗȱȱ ȱȱ

ȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱǯȱȱ

	ŘŖŗşȱ	ŘŖŗŞȱ
	Ǟȱ	Ǟȱ
ŠŒ'•'¢ȱ–˜ž—
˜ȱŗŗ 'Œ'Š›œȱ˜Šǰȱ'ŸŽ›œ˜—ŽȱŽ ȱ˜ž'ȱŠ•Žœȱ	ŗŚǰŜŜşǰŗřŘȱ	ŗřǰşřŖǰŜŘŞȱ
ȱ•'œŽȱœ'Š›Žœȱ	Ȭȱ	ŘǰśŞřǰŗŘŗȱ
	ņņņņņņņņ ŗŚǰŜŜşǰŗřŘ őőőőőőőő	ņņņņņņņņ ŗŜǰśŗřǰŝŚş őőőőőőőő
ŽŒž›'¢ȱ
˜ȱŗŗ 'Œ'Š›œȱ˜Šǰȱ'ŸŽ›œ˜—ŽȱŽ ȱ˜ž'ȱŠ•Žœȱǻ—˜ŽȱŗřǼȱ	ŗŘǰŖŜŜǰŗŖŖ ņņņņņņņņ	ŗŗǰŝşŗǰřŗśȱ ņņņņņņņņ
ȱ•'œŽȱœ'Š›Žœȱ
'—Š—Œ'Š•ȱŠœœŽœȱȮȱȃŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȄȱ
ȱ ž››Ž—ȱǻ—˜ŽȱŗŘǼȱ	řŗǰřŚŞǰŜŚŗ	ŚŞǰřŜŞǰŜŗŜ
ȱ ˜—ȬŒž››Ž—ȱǻ—˜ŽȱŗŘǼȱ	ŘŝǰŝŚśǰřŘř	řŞǰřşşǰŗřŞ
—ŸŽœ–Ž—œȱŠŒŒ˜ž—Žȱ˜›ȱžœ'—ȱ'ŽȱŽšž'¢ȱ–Ž'˜ȱǻ—˜ŽȱŗśǼȱ	ŗŞǰŝŝşǰşŚŞ	ŗŞǰśřŜǰŝŚŗ
	ņņņņņņņņ ŝŝǰŞŝřǰşŗŘ	ņņņņņņņņ ŗŖśǰřŖŚǰŚşś
	őőőőőőőő	őőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘŗDZȱ ȱ ȱȱȱ ȱǻǼȱ

ŘŗǯŘȱȱ ȱȱȱȱ¢ȱ

ȱȱȱȱȱȱȱȱǻǯȱŘŖǼȱ¢ȱȱȱȱȱȱȱśǯŘśƖȱȱȱ¢ȱ¢ȱŗŖȱ?¢ȱŘŖŘŗǯȱ

Řŗǯřȱȱ ȱȱ

ȱ¢ȱȱŜŖŖǰŖŖŖȱȱȱȱǞŜŖȱȱȱŘŘȱ?ȱŘŖŗŞǯȱȱȱȱȱȱȱȱřǯŝśƖȱȱȱşŖȱ ¢ȱȱȱ ȱǯȱȱȱȱȱȱ¢ȱȱȱȱ¢ǰȱȱȱȱȱȱǰȱȱ¢ȱ ȱŘŘȱ?ȱŘŖŘřǯȱȱȱȱȱǞřǯŚŖȱȱ¢ȱȱȱȱȱȱȱȱȱ¢ǯȱȱ ȱȱȱȱȱȱȱȱȱȱȱ DZȱ

	ŘŖŗşȱ	ŘŖŗŞȱ
ȱ	Ǟȱ ȱ	Ǟȱ
ŠŒŽȱŸŠ•žŽȱ˜ȱ—˜Žœȱ'œœžŽȱ	ŜŖǰŖŖŖǰŖŖŖȱ	ŜŖǰŖŖŖǰŖŖŖȱ
'Ž›ȱŽšž'¢ȱœŽŒž›''ŽœȱȮȱŸŠ•žŽȱ˜ȱŒ˜—ŸŽ›œ'˜—ȱ›''œȱǻ—˜ŽȱŘřǼȱ	ǻŘǰŝŞŚǰşŖŝǼȱ	ǻŘǰŝŞŚǰşŖŝǼȱ
›Š—œŠŒ'˜—ȱŒ˜œȱȮȱ•'Š‹'•'¢ȱŒ˜–™˜—Ž—ȱ	ǻŗǰşşŜǰŜśŘǼȱ ņņņņņņņ	ǻŗǰşşŜǰŜśŘǼȱ ņņņņņņņ
	śśǰŘŗŞǰŚŚŗȱ	śśǰŘŗŞǰŚŚŗȱ
ž–ž•Š'ŸŽȱ'—Ž›ŽœȱŽ¡™Ž—œŽȱǻŠǼȱ	ŚǰřśŞǰŖşŘȱ	ŗŖśǰřŜŞȱ
ž–ž•Š'ŸŽȱ'—Ž›Žœȱ™Š'ȱȱ	ǻřǰśŘřǰŖŗśǼȱ	ǻŞŜǰŞŘŘǼȱ
˜—ȬŒž››Ž—ȱ•'Š‹'•'¢ȱ	ņņņņņņņ śŜǰŖśřǰśŗŞȱ őőőőőőő	ņņņņņņņ śśǰŘřŜǰşŞŝȱ őőőőőőő
ŒŒ›žŽȱ'—Ž›ŽœȱŽ¡™Ž—œŽȱǻ‹Ǽȱ	ŘŚǰŚŗśȱ	ŞŜǰŞŘŘȱ
	őőőőőőő	őőőőőőő

ǻǼ ȱ¡ȱȱȱ¢ȱ¢ȱȱȱȱȱȱŝǯŗŜƖȱȱȱ¢ȱȱȱȱȱ ȱȦ¢ǯȱ
ǻǼ ȱȱȱȱřŖȱ?ȱŘŖŗşȱȱřŖȱ?ȱŘŖŗŞȱ ȱȱȱȱ¢ǯȱȱȱȱŗşǯȱ

ȱȱȱȱȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȬȱ ȱȱȱȱǯȱȱ¢ȱȱ¢ȱȱȱȱȱȱȱȱ¡ȱȱȱȱ ¢ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ Ȃȱ¢ǰȱȱȱȱ¡ǯȱ

ȱŘŘDZȱ ȱȱ

	'Žȱ˜–™Š—¢ȱ
	ŘŖŗşȱ		ŘŖŗŞȱ
	ž–‹Ž›ȱ	Ǟȱ	ž–‹Ž›ȱ	Ǟȱ
œœžŽȱŠ—ȱ™Š'Ȭž™ȱ˜›'—Š›¢ȱœ'Š›ŽȱŒŠ™'Š•ȱ	ȱ	ȱ	ȱ	ȱ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱŠ—ȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŗşǰśřŘǰŝŞŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ	ŗŗşǰśřŘǰŝŞŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ
'Š›Žœȱ‹˜ž'ȱ‹ŠŒ"ȱ	ǻŗǰŞŚŘǰśŘşǼȱ	ǻŚǰŞŝŖǰŞśŞǼȱ	Ȭȱ	Ȭȱ
'Š›Žȱ‹ž¢‹ŠŒ"ȱ›Š—œŠŒ'˜—ȱŒ˜œœȱ	Ȭȱ	ǻŗŖǰşŝśǼȱ	Ȭȱ	Ȭȱ
—Œ˜–ŽȱŠ¡ȱ˜—ȱ‹ž¢‹ŠŒ"ȱ›Š—œŠŒ'˜—ȱŒ˜œœȱ	Ȭȱ	řǰŘşřȱ	Ȭȱ	Ȭȱ
	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱŠ—ȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗŗŝǰŜşŖǰŘśşȱ	şŞǰŝŜŞǰřŖŞȱ	ŗŗşǰśřŘǰŝŞŞȱ	ŗŖřǰŜŚŜǰŞŚŞȱ
	őőőőőőő	őőőőőőő	őőőőőőő	őőőőőőő

ȱŘŜȱȱŘŖŗŞȱȱȱȱȱȱȱȱȱȬȱȱ¢Ȭȱȱȱȱȱȱ ŗŘȱȱȱȱȱŘŖǰŖŖŖǰŖŖŖȱ¢ȱǯȱȱȱȱȱȱȱŗǰŞŚŘǰśŘşȱȱȱȱȱȱȱȱȱ ȱŗŞǰŗśŝǰŚŝŗȱȱȱȱȱǯȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟ
ȱŘřDZȱ ȱȱ
Š•žŽȱ˜ȱŒ˜—ŸŽ›œ'˜—ȱ›''œȱȮȱŒ˜—ŸŽ›'‹•Žȱ—˜Žœȱ	ŘǰŝŞŚǰşŖŝȱ	ŘǰŝŞŚǰşŖŝ
›Š—œŠŒ'˜—ȱŒ˜œȱȮȱŽšž'¢ȱŒ˜–™˜—Ž—ȱ	ǻşŝǰŗŞŜǼȱ	ǻşŝǰŗŞŜǼȱ
ŽŽ››ŽȱŠ¡ȱ•'Š‹'•'¢ȱŒ˜–™˜—Ž—ȱ	ǻŞŖŜǰřŗŜǼȱ	ǻŞŖŜǰřŗŜǼȱ
	ņņņņņņņ ŗǰŞŞŗǰŚŖśȱ	ņņņņņņņ ŗǰŞŞŗǰŚŖśȱ
	őőőőőőő	őőőőőőő

ȱȱȱȱȱȱȱȱȱȱǯȱȱȱŘŗǯřȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

	ŘŖŗşȱ	ŘŖŗŞȱ
ȱŘŚDZȱ Ȭ ȱȱ	Ǟȱ	Ǟ
ŽŒ˜—Œ'•'Š'˜—ȱ˜ȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ'—ȱŒ˜—›˜••ŽȱŽ—''ŽœDZȱ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ 'Š›Žȱ˜ȱ—Žȱ™›˜' Œšž'œ''˜—ȱ˜ȱ'—Ž›Žœœȱ'—ȱŒ˜—›˜••ŽȱŽ—''Žœȱ 'œ™˜œŠ•ȱ˜ȱœ'Š›Žœȱ‹¢ȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›Žœȱ'—ȱŒ˜—›˜••ŽȱŽ—''Žœȱ Žž›—ȱ˜ȱŒŠ™'Š•ȱ 'Ÿ'Ž—œȱ™Š'ȱ	ŗǰřśřǰŖŝşȱ řǰŖŜŞǰŗŜŗ řŘŘǰŚřŖȱ ŘǰřśŞȱ ǻŗŞŖǰŖŖŖǼ ǻŚǰŝŞŜǰŘşśǼȱ ņņņņņņņ	ŘŞŜǰŝŞŖȱ ŚǰřśŜǰŘŜŜ Ȭȱ ŚǰŖşśȱ Ȭ ǻřǰŘşŚǰŖŜŘǼȱ ņņņņņņņ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ǻŘŘŖǰŘŜŝǼȱ	ŗǰřśřǰŖŝşȱ
'Žȱ—˜—ȬŒ˜—›˜••'—ȱ'—Ž›ŽœȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱŒ˜–™›'œŽœȱ'—Ž›Žœœȱ'—DZ	őőőőőőő	őőőőőőő
'Š›ŽȱŒŠ™'Š•ȱ ǻŒŒž–ž•ŠŽȱ•˜œœŽœǼȦ›ŽŠ'—ŽȱŽŠ›—'—œȱ	ŗǰŖŞŞǰŖřŘȱ ǻŗǰřŖŞǰŘşşǼȱ ņņņņņņņ	şŚŜǰŘşŚȱ ŚŖŜǰŝŞśȱ ņņņņņņņ
	ǻŘŘŖǰŘŜŝǼȱ	ŗǰřśřǰŖŝşȱ
ŽŽ›ȱ˜ȱ—˜ŽȱŘǯřȱ˜›ȱ–˜›Žȱ'—˜›–Š'˜—ǯ	őőőőőőő	őőőőőőő
ȱŘśDZȱ ȱȱ
ȱ ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗşȱ		œœŽȱŽŸŠ•žŠ'˜—ȱŽœŽ›ŸŽȱ Ǟ

ŽœŽ›ŸŽœȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ 'Š›Žȱ˜ȱŠœœ˜Œ'ŠŽȱ›ŽœŽ›ŸŽȱ Š¡ȱ˜—ȱœ'Š›Žȱ˜ȱŠœœ˜Œ'ŠŽȱ›ŽœŽ›ŸŽȱ		ǻřŗŞǰŘřŝǼȱ ŝřǰŚŝŖȱ ǻŘŘǰŖŚŗǼ
ŽœŽ›ŸŽœȱŠȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ		ņņņņņņņ ǻŘŜŜǰŞŖŞǼ őőőőőőő
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞ

ȱȱȱȱȱȱȱȱ¢ ǻřŗŞǰŘřŝǼ őőőőőőő

ȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱ¢ȱȱȱȱȱ ȂȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȬȱȱȱȱȱ ¢ȱ¢ȱǯȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘŜDZȱ ȱȱȱȱ ȱȱ

ŘŜǯŗȱ ȱȱȱȱȱȱ

ȱȱȱȱȱȱȱȱ ǰȱȱȱȱȱȱȱȱȱȱȬȱȱȱǯȱȱȱȱȱ ȱȱȱȱȱ¢ȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ DZȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞ Ǟȱ
Šœ'ȱ˜—ȱŽ™˜œ'ȱ	śŜǰřşşǰŜŚśȱ	ŝŖǰřŚŝǰŞşŘ
ž—œȱ'Ž•ȱ‹¢ȱ‹Š—"ȱǻ—˜ŽȱŘŞǯřǼȱ	ŝśŞǰŖşŘȱ	ŝŚśǰřşřȱ
Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ņņņņņņņ śŝǰŗśŝǰŝřŝȱ őőőőőőő	ņņņņņņņ ŝŗǰŖşřǰŘŞś őőőőőőő
ŘŜǯŘȱ ŽŒ˜—Œ'•'Š'˜—ȱ˜ȱ›˜'ȱŠŽ›ȱ—Œ˜–ŽȱŠ¡ȱ˜ȱŠœ'ȱ™›˜Ÿ'Žȱ‹¢ȱ™Ž›Š'—ȱŒ'Ÿ''Žœȱ

Žȱ™›˜'	ŗǰŖŖŞǰŗśşȱ	ŘŝǰŖŝŘǰŜŚŘȱ
"žœ–Ž—œȱ˜›DZȱ
'Š›Žȱ˜ȱŽšž'¢ȱŠŒŒ˜ž—Žȱ™›˜'œȱ	ǻşǰŚşşǰşŜŞǼȱȱ	ǻŚŖŖǰŖŝŚǼȱ
Ž™›ŽŒ'Š'˜—ȱ˜ȱ™›˜™Ž›¢ǰȱ™•Š—ȱŠ—ȱŽšž'™–Ž—ȱ	şŗǰŝŞşȱ	ŞśǰŘŖŘȱ
ŠȱŽ‹œȱ	řŖŞǰřŞşȱ	ŝśǰŘşŝȱ
'Š—Žȱ'—ȱŠ'›ȱŸŠ•žŽȱ˜ȱ'—ŸŽœ–Ž—ȱ™›˜™Ž›'Žœȱ	ǻŗǰŖŚŗǰŖŗŜǼȱȱ	ǻŘǰŜŞŖǰŘŜŚǼȱ
–™Š'›–Ž—ȱ˜ȱ'—Š—'‹•ŽȱŠœœŽœȱ	Ȭȱ	ŜǰŗŚŚȱ
–™Š'›–Ž—ȱŽ¡™Ž—œŽœȱ˜—ȱ'—Š—Œ'Š•ȱ'—œ›ž–Ž—œȱ	ŚǰŗşŖǰŞŜśȱ	ŗŝşǰşŖŚȱ
–™Š'›–Ž—ȱ›ŽŒ˜ŸŽ›'Žœȱ˜—ȱ'—Š—Œ'Š•ȱ'—œ›ž–Ž—œȱ	Ȭȱ	ǻŘǰŗŞŖǰŝŚŘǼȱ
Žȱ•˜œœȦǻ™›˜'Ǽȱ˜—ȱŽšž'¢ȱ'—ŸŽœ–Ž—œȱ	şǰŚŝřǰŘşŝȱȱ	ǻŗŗǰŝŝŞǰŖŖŞǼȱ
Žȱ˜›Ž'—ȱŒž››Ž—Œ¢ȱ'Ž›Ž—ŒŽœ	ǻŗřŝǰŖŖŜǼȱ	şŞǰŜşŞȱ
˜—ȬŒŠœ'ȱ'—Š—ŒŽȱŒ˜œȱ	ŝŘŞǰŘŖŞȱ	ŗŚśǰŖřŞȱ
—Ž›Žœȱ'—Œ˜–Žȱ—˜ȱ›ŽŒŽ'ŸŽȱ	ǻśǰřŝřǰŞşŞǼȱ	ŘǰşśŘǰřşŘȱ
—Ž›ŽœȱŽ¡™Ž—œŽȱ—˜ȱ™Š'ȱ	ŜřŚǰśşŘȱ	ŘŖŞǰŘŖřȱ
'Ÿ'Ž—ȱ'—Œ˜–Žȱ	ŗǰŜŘŝǰŜŘŝȱ	řǰŞşŞǰŚŘŘȱ
˜œȱ˜›ȱŒ˜—ŸŽ›'‹•Žȱ—˜ŽœȱŒ•Šœœ''ŽȱŠœȱ'—ŸŽœ'—ȱŒŠœ'ȱ•˜ œȱ	Ȭȱ	ŘŗŚǰŝśŗȱ
˜ŸŽ–Ž—ȱ'—ȱŒž››Ž—ȱŠ¡ȱ•'Š‹'•''Žœȱ	ǻŘǰŚŚŜǰŞşşǼȱ	ǻŘǰşŗśǰŘŗśǼȱ
˜ŸŽ–Ž—ȱ'—ȱŽŽ››ŽȱŠ¡ȱŠœœŽœȱŠ—ȱ•'Š‹'•''Žœȱ	ǻŗŝŘǰŝŘŖǼȱ	ŘǰŚŖřǰŖŗřȱ
'Š—Žœȱ'—ȱ˜™Ž›Š'—ȱŠœœŽœȱŠ—ȱ•'Š‹'•''ŽœDZȱ
—ŸŽ—˜›'Žœȱ	ŗŖǰŜşŖǰŜŗşȱȱ	ǻŗǰŚŚŜǰŖŜŗǼȱ
šž'¢ȱ'—ŸŽœ–Ž—œȱ	ŗřǰŞśŞǰŞşŘȱȱ	ǻŗŜǰŞşřǰŚŗŜǼȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ›ŽŒŽ'ŸŠ‹•Žœȱ	ǻśǰŜŜŘǰřŝŚǼȱȱ	ǻşǰśŗşǰřśŖǼȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŘǰŜřŖǰŝŝŘȱ	ŗǰşŗŗǰŘŝşȱ
›˜Ÿ'œ'˜—œȱ	ŝŖǰŖřŘȱ	şŜǰŜŚŚȱ
'Ž›ȱŠœœŽœȱ	ŘřŘǰřśŜȱȱ	ǻŗŞŚǰřŖşǼȱ
ŽȱŒŠœ'ȱ™›˜Ÿ'Žȱ‹¢ȦǻžœŽȱ'—Ǽȱ˜™Ž›Š'—ȱŠŒ'Ÿ''Žœ	ņņņņņņņ ŘŗǰŘŗŗǰŝŗŜȱȱ őőőőőőő	ņņņņņņņ ǻŞǰŜŚşǰŞŗŖǼȱ őőőőőőő
ŘŜǯřȱ '—Š—Œ'—ȱŠŒ'•''Žœȱȱ
ȱřŖȱ?ž—ŽȱŘŖŗşǰȱȱ'ŠȱŠŒŒŽœœȱ˜ȱ'Žȱ˜••˜ '—ȱœ™ŽŒ''Œȱ•'—Žœȱ˜ȱŒ›Ž'ǯȱ
˜Š•ȱŠŒ'•''ŽœȱŠŸŠ'•Š‹•ŽDZȱ
ŽŒž›Žȱ—˜—Ȭ‹Š—"ȱ•˜Š—	ŗŚǰŜŜşǰŗřŘȱ	ŗřǰşřŖǰŜŘŞȱ
ŽŒž›Žȱ‹Š—"ȱ•˜Š—ȱ	ŘŖǰŖŖŖǰŖŖŖȱ	ŘŖǰŖŖŖǰŖŖŖȱ
	ņņņņņņņ	ņņņņņņņ
˜Š•ȱŠŒ'•''Žœȱ	řŚǰŜŜşǰŗřŘȱ	řřǰşřŖǰŜŘŞȱ
˜Š•ȱŠŒ'•''ŽœȱžœŽDZȱ	őőőőőőő ȱ ȱ	őőőőőőő
ŽŒž›Žȱ—˜—Ȭ‹Š—"ȱ•˜Š—	ŗŚǰŜŜşǰŗřŘȱ	ŗřǰşřŖǰŜŘŞȱ

ņņņņņņņ ņņņņņņņ

őőőőőőő őőőőőőő

ȱȱȱ Ȭȱ ŘǰśŞřǰŗŘŗȱ

ȱȱȱǻȱŘŗǯŗǼȱ ŗŚǰŜŜşǰŗřŘȱ ŗŜǰśŗřǰŝŚşȱ

ȱȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱ	ŘŖŗşȱ	ŘŖŗŞȱ
ȱ ȱŘŝDZȱ ȇȱȱ	Ǟȱ	Ǟȱ
'ŽȱŠž'˜›ȱ˜ȱ'Žȱ˜–™Š—¢ȱ'œȱ ȱŠ——ȱ?žǯȱ
–˜ž—œȱ›ŽŒŽ'ŸŽȱ˜›ȱžŽȱŠ—ȱ›ŽŒŽ'ŸŠ‹•Žȱ˜ȱž'˜›œȱ˜ȱ'Žȱ˜–™Š—¢DZȱ
ž'ȱ˜›ȱ›ŽŸ'Ž ȱ˜ȱ'Žȱ'—Š—Œ'Š•ȱ›Ž™˜›ȱ	ŗŜŘǰŞŜŚȱ őőőőőőőő	ŗřŖǰŚŞŜȱ őőőőőőőő
˜—ȬŠž'ȱœŽ›Ÿ'ŒŽœȱȮȱ˜'Ž›ȱŠœœž›Š—ŒŽȱœŽ›Ÿ'ŒŽœȱ	Ȭȱ őőőőőőőő	ŘŞǰśŖŖȱ őőőőőőőő
'Žȱž'˜›œȱ›ŽŒŽ'ŸŽȱ—˜ȱ˜'Ž›ȱ‹Ž—Ž'œǯȱ
ȱŘŞDZȱ ȱȱ ȱ
ŘŞǯŗȱ ™Ž›Š'—ȱŽŠœŽȱ˜––'–Ž—œȱ
˜—ȬŒŠ—ŒŽ••Š‹•Žȱ˜™Ž›Š'—ȱ•ŽŠœŽȱŽ¡™Ž—œŽȱ žž›Žȱ ˜™Ž›Š'—ȱ•ŽŠœŽȱ Œ˜––'–Ž—œȱ —˜ȱ ™›˜Ÿ'Žȱ ˜›ȱ'—ȱ 'Žȱ '—Š—Œ'Š•ȱœŠŽ–Ž—œȱŠ—ȱ™Š¢Š‹•ŽDZȱ	ȱ
ȱȬȱ '''—ȱ˜—Žȱ¢ŽŠ›ȱ	ŜŗřǰŞśśȱ	śŞśǰŖřŚȱ
ȱȬȱ•ŠŽ›ȱ'Š—ȱ˜—Žȱ¢ŽŠ›ȱ‹žȱ—˜ȱ•ŠŽ›ȱ'Š—ȱ'ŸŽȱ¢ŽŠ›œ	ŘǰŚŚřǰŖŝŖȱ	ŘǰŜřśǰŜŖŚ
ȱȬȱ•ŠŽ›ȱ'Š—ȱ'ŸŽȱ¢ŽŠ›œ	Ȭȱ ņņņņņņņ	ŚŘŗǰřŘŗȱ ņņņņņņņ
	řǰŖśŜǰşŘśȱ őőőőőőő	řǰŜŚŗǰşśşȱ őőőőőőő

ŘŞǯŘȱ ȱȱȬȱȱȱȱ

ȱȱ¢ȱȱȱȱȱȱȱȱȱȱ ȱȱ¢ȱ¢ǯ ȱȱȱȱȱ ȱȱŚǯřŚȱ¢ȱǻŘŖŗŞDZȱŖǯřřȱ¢Ǽǰȱ¡ȱȱȱȱ¡ȱȱȱȱȱȱǯȱ

ȱȱȱȱ¢ȱȱȬȱȱȱȱ DZȱȱ

Žœœȱ'Š—ȱ˜—Žȱ¢ŽŠ›ȱȱ	ŘŘŚǰŚŖŖȱ	ŚŝǰŗŗŚȱ
Ž ŽŽ—ȱ˜—ŽȱŠ—ȱ'ŸŽȱ¢ŽŠ›œ	ŝşŜǰşŚřȱ	Ȭ
	ņņņņņņņ ŗǰŖŘŗǰřŚřȱ őőőőőőő	ņņņņņņņ ŚŝǰŗŗŚȱ őőőőőőő

ȱȱȱŗŝȱȱȱǯȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ŘŖŗşȱ	ŘŖŗŞȱ
Ǟȱ	Ǟȱ

ȱŘŞDZȱ ȱȱ ȱǻǼȱ

ŘŞǯřȱ ȱ ȱȱ

ȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱ ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱǯȱ

ȱ'–'ŽȱŠ—ȱ'œȱŗŖŖƖȱœž‹œ''Š›'Žœȱ	ȱ	ȱ
Š—"ȱžŠ›Š—ŽŽœȱǻŠǼȱ	ŝśŞǰŖşŘȱ	ŝŚśǰřşřȱ
žŠ›Š—ŽŽȱǻ‹Ǽȱ	ŗŗǰŝśŘǰŜśŖȱ	ŗŗǰŝśŘǰŜśŖȱ
žŠ›Š—ŽŽȱǻŒǼȱ	ŘǰśŖŖǰŖŖŖȱ	ŘǰśŖŖǰŖŖŖȱ
žŠ›Š—ŽŽȱǻǼ	ŜǰŘśŖǰŖŖŖ	ŜǰŘśŖǰŖŖŖ
žŠ›Š—ŽŽȱǻŽǼȱ	ŞŜşǰŚŖŖȱ	Ȭȱ
	őőőőőőő	őőőőőőő

ǻǼ ȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱǯȱ

ǻǼ ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱşŜŖȬŗŖŖŖȱ ¢ȱǯȱ
ǻǼ ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱ¢ȱȱ ȱȱȱȱȱȱȱȱȱȱ¢ǯȱ
ǻǼ ȱȱȱ¢ȱȱȱȱȱ ȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱ¢ȱ ȱȱȱŘŚŜȱȱ¢ȱǰȱȱǰȱǯȱ
ǻǼ ȱȱȱ¢ȱȱȱȱȱ ȱȱȱ ȱȱȱȱȱ¢ȱȱȱȱ¢ȱ ȱȱȱřřȬŚśȱ ȱǰȱ¢ǰȱǯȱ

ŘŞǯŚȱ ȱȱ

ȱȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ DZȱ

ȱȱ

Žœœȱ'Š—ȱ˜—Žȱ¢ŽŠ›ȱȱ	Ȭ őőőőőőő	ŗŞǰŞŞŝǰşŗŗȱ őőőőőőő
ŘŞǯśȱ ™'˜—œȱ
¡™˜œž›Žȱ˜—ȱ˜™Ž—ȱ ›'Ž—ȱ˜™'˜—ȱ™˜œ''˜—œǯȱ
žœȱ
ŠŽ›ȱ'Š—ȱŘȱ–˜—'œȱ‹žȱ—˜ȱ–˜›Žȱ'Š—ȱŜȱ–˜—'œȱ	Ȭȱ	řŝśǰřŖŖȱ
	őőőőőőő	őőőőőőő
˜ŸŽ›ŽȱŠ••œȱȱ
'''—ȱŗȱ–˜—'ȱ	-	ŗǰŝśŞǰŖŖŖȱ
	őőőőőőő	őőőőőőő

ŘŞǯŜȱ ȱȱȱȱ

–˜ž—œȱŠŸŠ'•Š‹•Žȱ˜ȱ‹Žȱ›Š —ȱ‹¢ȱ‹˜››˜ Ž›œȱž—Ž›ȱŽ¡'œ'—ȱ•˜Š—ȱŠŒ'•'¢ȱА›ŽŽ–Ž—œ
Ž•ŠŽȱŽ—''Žœȱ	ŘǰřŚřǰřŖŝȱ	ŘǰŚŘŞǰśŚřȱ
—›Ž•ŠŽȱŽ—''Žœȱȱ	ŗśǰŗśŖǰŖŜşȱ	ŝǰŚŖŘǰśŚřȱ
	ņņņņņņņ ŗŝǰŚşřǰřŝŜȱ	ņņņņņņņ şǰŞřŗǰŖŞŜȱ
	őőőőőőő	őőőőőőő
–˜ž—œȱŠŸŠ'•Š‹•Žȱ˜ȱ‹ŽȱŒŠ••Žȱ‹¢ȱ'—ŸŽœŽŽœȱ˜›ȱ™Š›'Š••¢ȱ™Š'ȱœ'Š›ŽœȱŠ—ȱž—'œȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱŘşDZȱȱ ȱȱ

Řşǯŗȱ ¢ȱȱȬȱȱȱ

ȱ ȱȱȱȱȱ ȱȱ ȱ ȱ ǰȱȱȱ ǰȱȱȱȱȱȱȱ ȃȱȱǻȱȱȦȱǼȱȱŘŖŗŜȦŗşŗȄǯȱ

ȱȱȱȱȱȱȱ DZȱȱ

ȱ¢ȱȱȱȱȱȱȱȱȱȱȬǰȱȱȱȱ ȱȱǯȱȱȱ
ȱȱȱȱȱȱȱȱ¡ǰȱȱ ǰȱȱȱȱȱ ȱȱȱȱǯȱȱȱ
ȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱȱ ȱǰȱȱǰȱȱǰȱǰȱȱǰȱȱȱȱǯȱ
¢ȱȱȱȱȱȱ¢ȱ¢ȱ¢ȱǯȱ
ȱ¢ȱȱȱȱ¡ǰȱȱȱ¢ȱ¢ǰȱȱ¢ǰȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱǯȱ
ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ¢ȱ ȱ ǰȱ ȱ ȱ ȱ ȱȱǯȱ

ŘşǯŘȱ ¢ȱȱȬȱ ȱȱ

ȱȱ¢ȱȱǯ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŘşDZȱȱȱȱȱ ȱȱǻǼȱ

	›'ŸŠŽȱšž'¢ȱŠ—ȱ Ž—ž›ŽȱŠ™'Š•ȱ	'œŽȱ —ŸŽœ–Ž—œȱ	˜––Ž›Œ'Š•ȱ Ž‹ȱŠ—ȱ •Ž›—Š'ŸŽȱ	›˜™Ž›¢ȱŠŒ"ȱ Ž—'—ȱ	'›ŽŒȱ›˜™Ž›¢ȱ —ŸŽœ–Ž—œȱ	ž—œȱȱ ЗАޖޗȱ	•'–'—Š'˜—œȱ	˜—œ˜•'ŠŽȱ
ŽŠ›ȱ—ŽȱřŖȱ?ž—ŽȱŘŖŗşȱ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœȱ œœŽœȱ	ǞȇŖŖŖȇœȱ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ
˜Š•ȱ›ŽŸŽ—žŽȱ˜›ȱ›Ž™˜›Š‹•ŽȱœŽ–Ž—œȱ	ŘŝŘȱ	śŗȱ	ŘǰŖşŜȱ	ŝǰŘřŞȱ	ŚŜǰŞŗŝȱ	ŘǰşŖşȱ	Ȭȱ	śşǰřŞřȱ
	Ȭȱ	Ȭȱ	Ȭȱ ņņņņņņņņņņņņņņ	Ȭȱ	ŘǰŘŖśȱ	ŗřǰřřŗȱ	ȱǻŗśǰśřŜǼȱȱ ȱ	Ȭȱ
	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ŝŜŚȱ ņņņņņņņņņņņņņņņ
	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ŜŖǰŗŚŝȱ ņņņņņņņņņņņņņņņ
šž'¢ȱŠŒŒ˜ž—Žȱ'—Œ˜–Žȱ	ŚŜȱ	ǻŘŚŖǼȱ	Ȭȱ ņņņņņņņņņņņņņņ	ŗŞşȱ	ŞǰřşŞȱ	ŗǰŗŖŝȱ	Ȭȱ	şǰśŖŖȱ ņņņņņņņņņņņņņņņ
'Š›Žȱ˜ȱ™›˜'ȱ˜ȱŽšž'¢ȱŠŒŒ˜ž—ŽȱŠœœ˜Œ'ŠŽœȱ —Š••˜ŒŠŽȱŠ–˜ž—œDZȱŒ˜›™˜›ŠŽȱŽ¡™Ž—œŽœȱ ˜Š•ȱ™›˜'ȱ˜›ȱ›Ž™˜›Š‹•ŽȱœŽ–Ž—œȱ	ǻŗǰŝŘŜǼȱ ȱ ȱ ņņņņņņņņņņņņņņ	ǻśǰśŖŝǼȱ ȱ ȱ ņņņņņņņņņņņņņņ	řřśȱ ȱ ȱ	śǰŜŖŘȱ ȱ ȱ ņņņņņņņņņņņņņņ	ŞǰŖřŗȱ ȱ ȱ ņņņņņņņņņņņņņņ	řşŜȱ ȱ ȱ ņņņņņņņņņņņņņņ	Ȭȱ ȱ ȱ ņņņņņņņņņņņņņņ	ǻŗśǰŜŘřǼȱȱ ŝǰŗřŗȱ şǰśŖŖȱ ņņņņņņņņņņņņņņņ
˜—œ˜•'ŠŽȱ™›˜'ȱŠŽ›ȱŠ¡ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ŗǰŖŖŞȱ ņņņņņņņņņņņņņņņ ņņņņņņņņņņņņņņņ
	ŗŗǰŖśŖȱȱ	śşǰŜŞřȱ	ŗŖǰŘŘŘȱȱ ņņņņņņņņņņņņņņ	ŚŞǰŗŝŞȱȱ	ŚŘǰŖŝŞȱȱ	śǰŜŜřȱȱ	Ȭȱ	ŗŝŜǰŞŝŚȱȱ
šž'¢ȱŠŒŒ˜ž—Žȱ'—ŸŽœ–Ž—œȱȱ Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ȱ ȱ ņņņņņņņņņņņņņņ	śŝǰŗśŞȱȱ ŚŞǰŚŖşȱȱ řǰŚŗŚȱȱ ņņņņņņņņņņņņņņņ ņņņņņņņņņņņņņņņ
	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ŘŞśǰŞśśȱȱ ņņņņņņņņņņņņņņņ
	řȱȱ ņņņņņņņņņņņņņņ	Ȭȱȱ ņņņņņņņņņņņņņņ	řśŖȱȱ ņņņņņņņņņņņņņņ	şǰŜŗřȱȱ ņņņņņņņņņņņņņņ	ŘşǰŜŞŝȱȱ ņņņņņņņņņņņņņņ	Ȭȱȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	řşǰŜśřȱȱ ņņņņņņņņņņņņņņņ
								ŜŜǰŚŗřȱȱ
								ŗŖŜǰŖŜŜȱȱ őőőőőőőőő ņņņņņņņņņņņņņņņ

ǻȱȱȱǼȱ ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱŘşDZȱȱȱȱȱ ȱȱǻǼȱ

	›'ŸŠŽȱšž'¢ȱŠ—ȱ Ž—ž›ŽȱŠ™'Š•ȱ	'œŽȱ —ŸŽœ–Ž—œȱ	˜––Ž›Œ'Š•ȱ Ž‹ȱŠ—ȱ	›˜™Ž›¢ȱŠŒ"ȱ Ž—'—ȱ	'›ŽŒȱ›˜™Ž›¢ȱ —ŸŽœ–Ž—œȱ	ž—œȱȱ ЗАޖޗȱ	•'–'—Š'˜—œȱ	˜—œ˜•'ŠŽȱ
ŽŠ›ȱ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞȱ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœȱ •Ž›—Š'ŸŽȱ œœŽœȱ	ǞȇŖŖŖȇœȱ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ	ǞȇŖŖŖȇœ
˜Š•ȱ›ŽŸŽ—žŽȱ˜›ȱ›Ž™˜›Š‹•ŽȱœŽ–Ž—œȱ —Ž›ȬœŽ–Ž—ȱ›ŽŸŽ—žŽȱ ŽŸŽ—žŽDZȱ	ŗǰŜŖŗȱ Ȭȱ	ŗřǰŝśŘȱ Ȭȱ	ŗǰŘŗřȱ Ȭȱ	ŞǰŜŘŘȱ Ȭȱ	řŜǰşŗşȱ řǰřŜŞȱ	Řǰŗŗśȱ ŗřǰřŝśȱ	Ȭȱ ǻŗŜǰŝŚřǼȱ	ŜŚǰŘŘŘȱ Ȭȱ
—Š••˜ŒŠŽȱŠ–˜ž—œDZȱ —Ž›Žœȱ'—Œ˜–Žȱ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ ȱ ņņņņņņņņņņņņņņ	ȱ Ŝŗřȱ ņņņņņņņņņņņņņņņ
˜—œ˜•'ŠŽȱ›ŽŸŽ—žŽȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ŜŚǰŞřśȱ ņņņņņņņņņņņņņņņ
šž'¢ȱŠŒŒ˜ž—Žȱ'—Œ˜–Žȱ	řŘŝȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	ǻŚşŚǼȱ ņņņņņņņņņņņņņņ	śŜŝȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	ŚŖŖȱ ņņņņņņņņņņņņņņņ ņņņņņņņņņņņņņņņ
'Š›Žȱ˜ȱ™›˜'ȱ˜ȱŽšž'¢ȱŠŒŒ˜ž—ŽȱŠœœ˜Œ'ŠŽœȱ —Š••˜ŒŠŽȱŠ–˜ž—œDZȱŒ˜›™˜›ŠŽȱŽ¡™Ž—œŽœȱ ˜Š•ȱ™›˜'ȱ˜›ȱ›Ž™˜›Š‹•ŽȱœŽ–Ž—œȱ Žœž•œDZȱ	ŗǰŘřŘȱ ȱ ȱ	ŗřǰŝřşȱ ȱ ȱ	ŗǰŘŗřȱ ȱ ȱ	ŞǰŚŗřȱ ȱ ȱ	ŗśǰŞŚŜȱ ȱ ȱ	ŗǰŖŗŞȱ ȱ ȱ	Ȭȱ ȱ ȱ	ŚŗǰŚŜŗȱ ǻŗŚǰŝŞŞǼȱ ŚŖŖȱ ņņņņņņņņņņņņņņņ
˜—œ˜•'ŠŽȱ™›˜'ȱŠŽ›ȱŠ¡ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ŘŝǰŖŝřȱ ņņņņņņņņņņņņņņņ
ސ–Ž—ȱŠœœŽœȱȱ œœŽœDZȱ	ŗŞǰŚŘřȱ ņņņņņņņņņņņņņņ	ŞŞǰŗŞśȱ ņņņņņņņņņņņņņņ	ŗŖǰŝŝşȱ ņņņņņņņņņņņņņņ	ŚŖǰŜşśȱ ņņņņņņņņņņņņņņ	řŜǰşŗŝȱ ņņņņņņņņņņņņņņ	ŚǰŚŜŖȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	ŗşşǰŚśşȱ ņņņņņņņņņņņņņņņ
šž'¢ȱŠŒŒ˜ž—Žȱ'—ŸŽœ–Ž—œȱȱ Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ —Š••˜ŒŠŽȱŠ–˜ž—œDZȱȱ 'Ž›ȱŠœœŽœȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ȱ ȱ ȱ	ȱ ŝŗǰŖşřȱ řŘǰŚřŝȱ ŞřŘȱ ņņņņņņņņņņņņņņņ
˜Š•ȱŠœœŽœȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ	řŖřǰŞŘŗȱ ņņņņņņņņņņņņņņņ
ސ–Ž—ȱ•'Š‹'•''Žœȱ 'Š‹'•''ŽœDZȱ	Ŝȱ ņņņņņņņņņņņņņņ	ŚǰŚŚŘȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	şǰŜŝŞȱ ņņņņņņņņņņņņņņ	ŗŞǰŚřŝȱ ņņņņņņņņņņņņņņ	ŗŜŜȱ ņņņņņņņņņņņņņņ	Ȭȱ ņņņņņņņņņņņņņņ	řŘǰŝŘşȱ ņņņņņņņņņņņņņņņ
—Š••˜ŒŠŽȱŠ–˜ž—œDZȱ 'Ž›ȱ•'Š‹'•''Žœ								ŜŚǰşŘřȱ ņņņņņņņņņņņņņņņ
˜Š•ȱ•'Š‹'•''Žœ								şŝǰŜśŘȱ őőőőőőőőő

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřŖDZȱ ȱȱȱȱ

řŖǯŗȱ ¢ȱȱȱȱ

ȱ	ȱ ŘŖŗşȱ	ŘŖŗŞȱ
ȱ	ȱ Ǟȱ	Ǟȱ
'˜›ȬŽ›–ȱŽ–™•˜¢ŽŽȱ‹Ž—Ž'œȱ	ȱ ŗǰŗŗŜǰŝśŚȱ	ŗǰśŜŖǰŗŘŜȱ
˜œȬŽ–™•˜¢–Ž—ȱ‹Ž—Ž'œȱ	ȱ ŞşǰŜśŝȱ	ŞŘǰřŝŚȱ
Ž›–'—Š'˜—ȱ‹Ž—Ž'œȱ	ȱ ŗǰŞŗśǰŖŖŖȱ	Ȭȱ
ȱ	ȱ ņņņņņņņņņņ	ņņņņņņņņņņ
˜Š•ȱ	ȱ řǰŖŘŗǰŚŗŗȱ	ŗǰŜŚŘǰśŖŖȱ
ȱ	ȱ őőőőőőőő	őőőőőőőő

ȱȱ¢ȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȂȱǯȱ

ȱ¢ǰȱǰȱȱ ȱȱȱȬȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱǯȱȱȱȱřŖǯśǯȱ

	Ž¢ȱЗАޖޗȱŽ›œ˜——Ž•ȱ Ž—'•Ž–Ž—
Š›œŽ—ȱŠ›"ȱŽŸŽ•˜™–Ž—ȱ›žœ
Ȭȱ'Žȱ•Š—˜ —Ž›ȱ˜ȱ'Žȱ™›˜™Ž›¢ȱ™›˜"ŽŒȱ'—ȱŠ›œŽ—ȱŠ›"ȱ˜›'ǰȱ
Ž ȱ˜ž'ȱŠ•Žœȱ	ŗǯśƖȱ
˜——¢‹›˜˜"ȱ?ȱ¢ȱ'–'Žȱ
Ȭȱ'Žȱ•Š—˜ —Ž›ȱ˜ȱ'Žȱ™›˜™Ž›¢ȱ™›˜"ŽŒȱ'—ȱ˜——¢‹›˜˜"ǰȱ'Œ˜›'Šȱ	śǯŚƖȱ

ȱȱȱ¢ȱǰȱȱȱŖǯśƖȱȱȬȱȱȱȱȱȱȱŗƖȱȱȬȱȱ ¢ȱ?ȱ¢ȱȱȱȱȱȱȱȱȱǞŜŚŖǰŖŖŖǯȱȱ

ȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱȱȱȱ ȱȱ¢ȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱ ȱȱȱȱȇȱȱ¡ȱȱ¢Ȭǯȱ

řŖǯŘȱ ȱȱȱ¢ȱȱȱ

ȱŞȱȱŘŖŗşǰȱȱȱŜŖƖȱȱȱȱȱȱȱȱ¢ǰȱȱȱ ȱȱȱ ȱȱǞřǰŜŖŖǰŖŖŖǯȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱ ȱȱȱ ǯ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřŖDZȱ ȱȱȱǻǼ

řŖǯřȱ ȱȱ ¢ȱȱȱ

ȱ ȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱ¢ǯȱȱ

řŖǯŚȱ ȱ ȱȱȱȱ

ȱ ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱ¢ǯȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟȱ	—Ž›ŽœȱŠŽȱ Ɩȱ
˜Š—œȱŽŒŽ'ŸŠ‹•Ž		ȱ	ȱ
˜Š—ȱ˜ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗŝǰŖśŞǰřŗśȱ	ŘŖǰŚŝŜǰŞŗŚȱ	śƖȱȬȱŘŖƖȱ
˜Š—œȱ˜ȱ˜'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	ŚǰŖŘŖǰşşŚȱ	Ȭȱ	ŗŖƖȱȬȱŘŖƖȱ
˜Š—œȱТЋ•Ž —œŽŒž›Žȱ•˜Š—ȱ›˜–ȱŠœœ˜Œ'ŠŽȱŽ—'¢ȱ	şǰŜŗřǰŖşŘȱ	ȱ şǰŜŝŝǰśŞŜȱ	ȱ ŜǯśƖȱ
˜Ȭ'—ŸŽœ–Ž—ȱ'—ȱŠ›œŽ—ȱŠ›"ȱŠ—ȱ˜——¢‹›˜˜"ȱ›˜"ŽŒœȱǻ›ŽŽ›ȱ—˜ŽȱřŖǯŗǼ Ž¢ȱ–ЗАޖޗȱ™Ž›œ˜—Š•ȱ	řřŗǰŝŗŗȱȱ	ŘřŚǰŘŞŝȱ	ŖƖȱ

řŖǯśȱ ȱȱ

ȱ ȱȱȱȱ¡ȱȱȱȱ ȱȱȱ ȱȱȱȱȱȱ ȱȱȱ¢ǯȱ

ȱ	ŘŖŗşȱ		ŘŖŗŞȱ
	Š'ȱ	ŽŒŽ'ŸŽȱ	Š'ȱ	ŽŒŽ'ŸŽ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ЗАޖޗȱŠ—ȱŒ˜—œž•'—ȱŽŽœȱ	ȱ	ȱ	ȱ	ȱ
œœ˜Œ'ŠŽȱŽ—''Žœ	ŗǰŜŞŜǰŘŗşȱ	ŗǰřśřǰŝşśȱ	ŗǰřŝŚǰŞřřȱ	ŗǰŚřŗǰŜŞŞ
'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	Ȭȱ ȱ	śŘǰŜŘŚȱ ȱ	Ȭȱ ȱ	ŘşǰŖŜŝȱ ȱ
—Ž›Žœȱ'—Œ˜–Žȱ	ȱ	ȱ	ȱ	ȱ
œœ˜Œ'ŠŽȱŽ—''Žœ	Ȭȱ	ŗǰşŝŚǰŜśŝȱ	Ȭȱ	ŗǰśŗşǰřŖř
'Ž›ȱ›Ž•ŠŽȱŽ—''Žœ	Ȭȱ	ŜŞśǰŚŗŖȱ	Ȭȱ	Ȭȱ
'Ÿ'Ž—ȱŠ—ȱ'œ›'‹ž'˜—ȱ'—Œ˜–Ž	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ
'Ž›ȱ›Ž•ŠŽȱŽ—''Žœȱ	Ȭȱ ȱ	śŜŗǰŖŚŜȱ ȱ	Ȭȱ ȱ	ŗǰŘŜŘǰŚśŞȱ ȱ
Š›œŽ—ȱŠ›"ȱ'œ›'‹ž'˜—ȱǻ›ŽŽ›ȱ˜ȱ—˜ŽȱřŖǯŗǼȱ	ȱ	ȱ	ȱ	ȱ
Ž¢ȱ–ЗАޖޗȱ™Ž›œ˜—Š•	ŚǰŘśşȱ	Ȭȱ	ŚǰśŖŖȱ	Ȭ
˜››˜ '—ȱŒ˜œœȱ	ȱ ȱ	ȱ ȱ	ȱ	ȱ
œœ˜Œ'ŠŽȱŽ—''Žœȱ	ŜřŚǰśşŘȱ	Ȭȱ	ŘŖŞǰŘŖřȱ	Ȭȱ
	ȱ ŘŖŗşȱ	ȱ	ȱ ŘŖŗŞȱ	ȱ
	–™Š'›–Ž—ȱ	–™Š'›–Ž—ȱ ŽŒ˜ŸŽ›¢ȱ	–™Š'›–Ž—ȱ	–™Š'›–Ž—ȱ ŽŒ˜ŸŽ›¢ȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
'Ž›ȱŠ–˜ž—œȱ	ȱ	ȱ	ȱ	ȱ
—ŸŽœ–Ž—ȱ'—ȱŠœœ˜Œ'ŠŽȱŽ—''Žœȱ	ŗǰŘŘŝǰřřŝȱ	Ȭȱ	Ȭȱ	Ȭȱ

ȱȱȱȱ ŗǰŗŞŖǰŖŝŘȱ Ȭȱ Ȭȱ ŘǰŗŞŖǰŝŚŘȱ

			ȱ ȱ
		ǻȱȱ	ȱǼȱ
	ȱȱ	ȱȱ	ȱȱ	ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ
ȱȱȱȱ ȱřŗDZȱ
ȂœȱŠŒ'Ÿ''ŽœȱŽ¡™˜œŽȱ'ȱ˜ȱŠȱŸŠ›'Ž¢ȱ˜ȱ'—Š—Œ'Š•ȱ›'œ"œDZȱ–Š›"Žȱ›'œ"ȱǻ'—Œ•ž'—ȱ–Š›"Žȱ™›'ŒŽȱ›'œ"ǰȱ'—Ž›Žœȱ›ŠŽȱ›'œ"ȱŠ—ȱŒž››Ž—Œ¢ȱ›'œ"ǼǰȱŒ›Ž'ȱ›'œ"ȱŠ—ȱ•'šž''¢ȱ›'œ"ǯȱȂœȱ˜ŸŽ›Š••ȱ›'œ"ȱ–ЗАޖޗȱ ™›˜›Š–ȱ˜ŒžœŽœȱ˜—ȱ'Žȱž—™›Ž'ŒŠ‹'•'¢ȱ˜ȱ'—Š—Œ'Š•ȱ–Š›"ŽœȱŠ—ȱœŽŽ"œȱ˜ȱ–'—'–'œŽȱ™˜Ž—'Š•ȱŠŸŽ›œŽȱŽŽŒœȱ˜—ȱ'Žȱ'—Š—Œ'Š•ȱ™Ž›˜›–Š—ŒŽȱ˜ȱ'Žȱ›˜ž™ǯȱȱ
ȱžœŽœȱ'Ž›Ž—ȱ–Ž'˜œȱ˜ȱ–ŽŠœž›Žȱ'Ž›Ž—ȱ¢™Žœȱ˜ȱ›'œ"ȱ˜ȱ ''Œ'ȱ'ȱ'œȱŽ¡™˜œŽǯȱ'ŽœŽȱ–Ž'˜œȱ'—Œ•žŽȱœŽ—œ''Ÿ'¢ȱŠ—Š•¢œ'œȱ'—ȱ'ŽȱŒŠœŽȱ˜ȱ'—Ž›Žœȱ›ŠŽǰȱ˜›Ž'—ȱŽ¡Œ'Š—ŽȱŠ—ȱ™›'ŒŽȱ›'œ"ǯȱȱ
'Žȱ›Žœ™˜—œ'‹'•'¢ȱ˜›ȱ˜™Ž›Š'˜—Š•ȱ›'œ"ȱ–ЗАޖޗȱ›Žœ'Žœȱ ''ȱ'Žȱ˜Š›ȱ˜ȱ'›ŽŒ˜›œȱ '˜ȱœŽŽ"œȱ˜ȱ–ЗАŽȱ'ŽȱŽ¡™˜œž›Žȱ˜ȱǯȱ'Ž›Žȱ'ŠŸŽȱ‹ŽŽ—ȱ—˜ȱœ'—''ŒŠ—ȱŒ'Š—Žœȱ'—ȱ'Žȱ¢™Žœȱ˜ȱ'—Š—Œ'Š•ȱ›'œ"œǰȱ ˜›ȱȂœȱ›'œ"ȱ–ЗАޖޗȱ™›˜›Š–ȱǻ'—Œ•ž'—ȱ–Ž'˜œȱžœŽȱ˜ȱ–ŽŠœž›Žȱ'Žȱ›'œ"œǼȱœ'—ŒŽȱ'Žȱ™›'˜›ȱ¢ŽŠ›ǯȱȱ
—Ž›ŽœȱŠŽȱ'œ"ȱ řŗǯŗȱ
ȂœȱŽ¡™˜œž›Žȱ˜ȱ'—Ž›Žœȱ›ŠŽȱ›'œ"œȱ˜ȱ'—Š—Œ'Š•ȱŠœœŽœȱŠ—ȱ•'Š‹'•''Žœȱ‹˜'ȱ›ŽŒ˜—'œŽȱŠ—ȱž—›ŽŒ˜—'œŽȱŠȱ'Žȱ›Ž™˜›'—ȱŠŽȱŠ›ŽȱŠœȱ˜••˜ œDZȱ
ȱ ȱ	˜Žȱ ȱ	ȱ •˜Š'—ȱ—Ž›ŽœȱŠŽȱ	'¡Žȱ—Ž›Žœȱ ŗȱŽŠ›ȱ˜›ȱŽœœȱ	ŗȱ˜ȱśȱŽŠ›œȱ	˜—ȱ—Ž›ŽœȱŽŠ›'—ȱ	ȱ ˜Š•ȱ
ŘŖŗşDZȱ	ȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
'—Š—Œ'Š•ȱŠœœŽœȱ	ȱ	ȱ	ȱ
Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ŘŜȱ	śŜǰřşşǰŗŚřȱ	ŝśŞǰŖşŘȱ	Ȭȱ	śŖŘȱ	śŝǰŗśŝǰŝřŝȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œȱ	şȱ	Ȭȱ őőőőőőőő	řřǰŗŘŖǰşŘŞȱ őőőőőőőő	ŗŞǰśŜŞǰŝŝŖȱ őőőőőőőő	ŗǰşŜŖǰŘŞśȱ őőőőőőőő	śřǰŜŚşǰşŞřȱ őőőőőőőőő
'—Š—Œ'Š•ȱ•'Š‹'•''Žœȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗşȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŗşǰŗŜŚǰŝŞŜȱ	ŗşǰŗŜŚǰŝŞŜȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•'Š‹'•''Žœȱ	Řŗȱ	śŜǰŖśřǰśŗŞȱ őőőőőőőő	Ȭȱ őőőőőőőő	ŘŚǰŘŞŘǰŘŘŚȱ őőőőőőőő	Ȭȱ őőőőőőőő	ŞŖǰřřśǰŝŚŘȱ őőőőőőőőő
ŘŖŗŞDZȱ	ȱ	ȱ	ȱ	ȱ	ȱ	ȱ
'—Š—Œ'Š•ȱŠœœŽœȱ	ȱ	ȱ	ȱ
Šœ'ȱŠ—ȱŒŠœ'ȱŽšž'ŸŠ•Ž—œȱ	ŘŜȱ	ŝŖǰřŚŝǰřşŖȱ	ŝŚśǰřşřȱ	Ȭȱ	śŖŘȱ	ŝŗǰŖşřǰŘŞśȱ
˜—›ŠŒȱŠœœŽœȱ	ŗŖȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŝŚřǰŖśŖȱ	ŝŚřǰŖśŖȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œȱ	şȱ	Ȭȱ	řŝǰŞŝŚǰřśŜȱ	ŗŜǰŞŖŖǰřŝŗȱ	ŚǰŗŖŞǰřŘŚȱ	śŞǰŝŞřǰŖśŗȱ
'—Š—Œ'Š•ȱ•'Š‹'•''Žœȱ		őőőőőőőő	őőőőőőőő	őőőőőőőő	őőőőőőőő	őőőőőőőőő
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗşȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŗŖǰŗŖŗǰŚşŞȱ	ŗŖǰŗŖŗǰŚşŞȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•'Š‹'•''Žœȱ	Řŗȱ	ŝŗǰŝśŖǰŝřŜȱ	Ȭȱ	şǰŜŝŝǰśŞŜȱ	Ȭȱ	ŞŗǰŚŘŞǰřŘŘȱ

őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőő őőőőőőőőő

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱřŗDZȱ ȱȱȱȱǻǼȱ

řŗǯŗȱ ȱȱȱǻǼȱ

ȱȱȱȱȱȱȱȱ ȱȱ¡ȱȱȱȱȱǯȱȱȱȱȱȱ¢¢ȱ ȱȱȱȱȱȱȱȱ ȱȱǯȱȱȱȱȱȱȱȱȱ ¡ȱǯȱȱȱȱȱȱȱȱȱȱȱ¢ȱǯȱȱȱȱȱȱ ȱ ȱ ¡ȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱ ǯȱȱ

¢ȱȱ

ȱȱ¡ȱȱȱȱȱ¢ȱśŖȱȱȱȱȱŘŖŘŖȱȱ¢ȱǻŘŖŗşDZȱśŖȱȱȱǼǰȱȱȱ ȱȱȱȱȱŘŖŗŞȱȱ¢ȱȱǰȱ ȱȱȱȱȱǰȱ ȱDZȱ

ȱ	ŽŒ›ŽŠœŽȱ˜ȱśŖȱ‹™ȱ	—Œ›ŽŠœŽȱ˜ȱśŖȱ‹™ȱ	ȱ
	Ǟȱ	Ǟȱ	ȱ
ŘŖŗş	ȱ	ȱ	ȱ
Žȱ™›˜'ȱ	ŗŖŚǰŜśśȱ	Ȭȱ
šž'¢ȱ'—Œ›ŽŠœŽȱ	ŗŖŚǰŜśśȱ	Ȭȱ
ȱ	ȱ	ȱ	ȱ
ŘŖŗŞ	ȱ	ȱ	ȱ
Žȱ™›˜'ȱ	Ȭȱ	ŗŖŜǰŘśŖȱ	ȱ
šž'¢ȱ'—Œ›ŽŠœŽȱ	Ȭȱ	ŗŖŜǰŘśŖȱ	ȱ

řŗǯŘȱ ȱȱ

¢ȱȱȱȱ

ȱȱȱȱȱȱ ȱȱȱ¢ȱȱȱȱ¢ȱȱȱ ȱȱǯȱȱȱ ȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱǯȱȱȱȱȱȱ¡ȱȱȱȱȱȱȱȱȱ¢ȱȱ ǰȱȱȱȱȱȱȱȬǯȱ

¢ȱȱ

ȱȱǰȱȱ¢ȱȱȱȱŗŖƖȱȦǻ Ǽȱ ȱȱȱȱ ȱȱȱȱȱ ȱDZȱ

ȱ	—Œ›ŽŠœŽȱ˜ȱŗŖƖȱ Ǟȱ	ŽŒ›ŽŠœŽȱ˜ȱŗŖƖȱ Ǟȱ
ŘŖŗş	ȱ	ȱ
Žȱ™›˜'Ȧǻ•˜œœǼȱ	śǰŚśŗǰŗŝŚȱ	ǻśǰŚśŗǰŗŝŚǼȱ
šž'¢ȱ'—Œ›ŽŠœŽȦǻŽŒ›ŽŠœŽǼȱ	śǰŚśŗǰŗŝŚȱ	ǻśǰŚśŗǰŗŝŚǼȱ
ŘŖŗŞȱ	ȱ
Žȱ™›˜'Ȧǻ•˜œœǼȱ	ŜǰŖŝřǰŝŚřȱ	ǻŜǰŖŝřǰŝŚřǼȱ
šž'¢ȱ'—Œ›ŽŠœŽȦǻŽŒ›ŽŠœŽǼȱ	ŜǰŖŝřǰŝŚřȱ	ǻŜǰŖŝřǰŝŚřǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱřŗDZȱ ȱȱȱȱǻǼȱ

řŗǯřȱ ȱȱ¡ȱ

ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱǯȱȱ¢ȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȂȱ¡ȱ¡ȱȱȱȱȱ ȱǯȱȱȱȱȱȱ¡ȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱ¡ȱȱȱ¢Ȃȱȱȱǰȱ ȱȱȃȱȱ¢Ȅȱȱǯȱȱ

Ȃȱȱȱȱȱȱȱȱȱȱ ȱȱǰȱ ȱȱȱ¢ȱȱȱ ȱȱȱ¢ȱȱ ȱȱ ȱȱȃȱȄȱȱǰȱȱȱȱȱȱǰȱ ȱȱ ȱ¢ȱȱȱ ȱȱȱȱ¡ȱȱȱ¢Ȃȱȱȱǰȱȱȱȃȱȱ¢Ȅȱȱǯȱ

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ȱȱȱȱ ǰȱȱȱȱȱȱ¢ȱȱȱřŖȱ¢ǯȱȱ

řŗǯŚȱ ¢ȱȱȱ

ȱȱ¢ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱȱ¢ȱȱȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱ ǯȱȱ

ȱ ȱȱȱȂȱȱǯȱ

	Žœœȱ'Š—ȱŜȱ –˜—'œȱ	Ŝȱ–˜—'œȱ˜ȱȱ ŗȱŽŠ›ȱ	ŗȱ˜ȱśȱŽŠ›œȱ	›ŽŠŽ›ȱ'Š—ȱ śȱŽŠ›œȱ	˜Š•ȱ
	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ŘŖŗş		ȱ	ȱ	ȱ	ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗŚǰŗŜŚǰŝŞŜȱȱ	Ȭȱ	śǰŖŖŖǰŖŖŖȱ	Ȭȱ	ŗşǰŗŜŚǰŝŞŜȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•'Š‹'•''Žœȱ	Ȭȱ	Ȭȱ	ŞŖǰřřśǰŝŚŘȱ	Ȭȱ	ŞŖǰřřśǰŝŚŘȱ
ŘŖŗŞ		ȱ	ȱ	ȱ	ȱ
›ŠŽȱŠ—ȱ˜'Ž›ȱ™Š¢Š‹•Žœȱ	ŗŖǰŗŖŗǰŚşŞȱ	Ȭȱ	Ȭȱ	Ȭȱ	ŗŖǰŗŖŗǰŚşŞȱ
—Ž›Žœȱ‹ŽŠ›'—ȱ•'Š‹'•''Žœȱ	ŘǰśŞřǰŗŘŗȱ	Ȭȱ	ŜŚǰşŗŚǰśŝřȱ	ŗřǰşřŖǰŜŘŞȱ	ŞŗǰŚŘŞǰřŘŘȱ

řŗǯśȱ ¢ȱȱȱ

¢ȱȱȱȱȱ¢ȱ¢ǯȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱ ȱȱȱȱȱȱȱǯȱȱȱȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱǯȱȱ

ȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȂȱȱȱȱȱ ȱȱȬȱȱȱȱȱ¡ȱǯȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱřŗDZȱ ȱȱȱȱǻǼȱ

řŗǯśȱ ¢ȱȱǻǼȱ

ȱȱȱȱȱȱ ȱ¡ȱȱȱȱȱǰȱ ȱȱȱȱȱȱȱȱȱ ȱȱ ȱDZȱ

	ŘŖŗşȱ Ǟȱ	ŘŖŗŞȱ Ǟȱ
'—Š—Œ'Š•ȱŠœœŽœȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ–˜›'œŽȱŒ˜œ	řǰřřşǰŗŝŗȱ	řǰŗŗŝǰŗŝŗȱ
'—Š—Œ'Š•ȱŠœœŽœȱŠȱŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȱ	ŚǰŜřŘǰŝŜřȱȱ ņņņņņņņ	řǰŞŗŖǰŗřşȱ ņņņņņņņ
	ŝǰşŝŗǰşřŚȱȱ ņņņņņņņ	ŜǰşŘŝǰřŗŖȱ ņņņņņņņ

ȱ¢ȱ¢ȱ

ȱȱ¡ȱȱȱȱȱǻǼǰȱ ȱȱȱǻǼȱȱȱȱǻ Ǽǯȱȱ ȱȱȱȂȱ ¢ȱȱȱŗŖƖȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱ ȱȱȱȱȱ¡ȱ¡ǯȱȱȱȱȱȱȱȱȱȦ¢ǯȱȱ

ȱ¢ȱȱŗŖƖȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱȱȱ¢ȱ ȱȱȱȱȱȱȱ¡ȱȱȱǯȱȱ

		Žȱ™›˜'Ȧǻ•˜œœǼȱ		šž'¢ȱ'—Œ›ŽŠœŽȦǻŽŒ›ŽŠœŽǼȱ
	ŘŖŗşȱ	ŘŖŗŞȱ	ŘŖŗşȱ	ŘŖŗŞȱ
ȱ	Ǟȱ	Ǟȱ	Ǟȱ	Ǟȱ
ȱ ȱ
—Œ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	ǻŗśŗǰŚŗŘǼȱ	ǻŗśśǰśśşǼȱ	ǻŗśŗǰŚŗŘǼȱ	ǻŗśśǰśśşǼȱ
ŽŒ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	ŗŞśǰŖśşȱ	ŗşŖǰŗŘŞȱ	ŗŞśǰŖśşȱ	ŗşŖǰŗŘŞȱ
ȱ ȱ
—Œ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	ǻŘŗŘǰŚşřǼȱ	ǻŘŞŖǰŚŖŖǼȱ	ǻŘŗŘǰŚşřǼȱ	ǻŘŞŖǰŚŖŖǼȱ
ŽŒ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	Řśşǰŝŗřȱ	ŗŜŖǰŚŗŘȱ	Řśşǰŝŗřȱ	ŗŜŖǰŚŗŘȱ
ȱ ȱ ȱ	ȱ
—Œ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	ǻŜřǰŖŝşǼȱ	ǻŗŜǰşŚřǼȱ	ǻŜřǰŖŝşǼȱ	ǻŗŜǰşŚřǼȱ
ŽŒ›ŽŠœŽȱ'—ȱȱ˜ȱŗŖƖȱ	ŝŝǰŖşŝȱ	ŘŖǰŝŖŞȱ	ŝŝǰŖşŝȱ	ŘŖǰŝŖŞȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱřŘDZȱ ȱȱȱ

ȱ ȱȱȱ ȱ ȱ ȱ ȱȱȱȱȱ ¡¢ȱȱ ȱ ȱ¢ȱǯȱȱ ȱȱȱ ȱȱȱ¢ȱȱȱȱȱȱȱǯȱ

ȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȬȱȱȱȱ ȱȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱǰȱȱȱȱȱȱȱȱȬȱȱȱȱȱȱȱȱ ȱǯȱȱ

ȱŗȱȮȱȱȱȱȱȱȱȱȱȱȱǯȱ

ȱŘȱȮȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱŗȱȱȱȱȱȱǰȱȱ ¢ȱǻȱǼȱȱ¢ȱǻȱȱǼǯȱ

ȱřȱȮȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱ

ȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱȱ

	ž˜Žȱ–Š›"Žȱ ™›'ŒŽȱ ǻŽŸŽ•ȱŗǼȱ	Š•žŠ'˜—ȱ ŽŒ'—'šžŽȱȮȱ –Š›"Žȱ ˜‹œŽ›ŸŠ‹•Žȱ '—™žœȱǻŽŸŽ•ȱŘǼȱ	Š•žŠ'˜—ȱ ŽŒ'—'šžŽȱȮȱ—˜—ȱ –Š›"Žȱ ˜‹œŽ›ŸŠ‹•Žȱ '—™žœȱǻŽŸŽ•ȱřǼȱ	˜Š•ȱ
ȱ ȱ	Ǟ ȱ	Ǟ ȱ	Ǟ ȱ	Ǟȱ ȱ
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗşȱ '—Š—Œ'Š•ȱŠœœŽœȱ ȃŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȄȱ'—ŸŽœ–Ž—œȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ
'Š›Žœȱ'—ȱ•'œŽȱŒ˜›™˜›Š'˜—œȱ	ŗŝǰŗŞŜǰŚŖŖȱ	ŚŗǰşŖŝǰśŜŚȱ	Ȭȱ	śşǰŖşřǰşŜŚȱ
'Š›Žœȱ'—ȱž—•'œŽȱŒ˜›™˜›Š'˜—œȱ	Ȭȱ	Ȭȱ	ŘŚǰŗŞŜǰŘŖŜȱ	ŘŚǰŗŞŜǰŘŖŜȱ
˜—Ȭ'—Š—Œ'Š•ȱŠœœŽœȱ		ȱ
—ŸŽœ–Ž—ȱ™›˜™Ž›'Žœȱ	Ȭ ņņņņņņņņņ	Ȭȱ ņņņņņņņņņ	ŘǰŚŖŖǰŖŖŖ ņņņņņņņņņ	ŘǰŚŖŖǰŖŖŖȱ ņņņņņņņņņ
	ŗŝǰŗŞŜǰŚŖŖȱ őőőőőőőőő	ŚŗǰşŖŝǰśŜŚȱ őőőőőőőőő	ŘŜǰśŞŜǰŘŖŜȱ őőőőőőőőő	ŞśǰŜŞŖǰŗŝŖȱ őőőőőőőőő
ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗŞȱ '—Š—Œ'Š•ȱŠœœŽœȱ ȃŠ'›ȱŸŠ•žŽȱ'›˜ž'ȱ™›˜'ȱ˜›ȱ•˜œœȄȱ'—ŸŽœ–Ž—œȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ	ȱ ȱ
'Š›Žœȱ'—ȱ•'œŽȱŒ˜›™˜›Š'˜—œȱ	ŘśǰśşřǰŖŜŗȱ	ŜŗǰŗŝŚǰŜşřȱ	Ȭȱ	ŞŜǰŝŜŝǰŝśŚȱ
'Š›Žœȱ'—ȱž—•'œŽȱŒ˜›™˜›Š'˜—œȱ	Ȭ	Ȭȱ	ŗŞǰŘśŘǰřŗŞȱ	ŗŞǰŘśŘǰřŗŞȱ
˜—Ȭ'—Š—Œ'Š•ȱŠœœŽœȱ
—ŸŽœ–Ž—ȱ™›˜™Ž›'Žœȱ	Ȭ ņņņņņņņņņ	Ȭȱ ņņņņņņņņņ	ŗǰřśŖǰŖŖŖ ņņņņņņņņņ	ŗǰřśŖǰŖŖŖȱ ņņņņņņņņņ
ȱ	ŘśǰśşřǰŖŜŗ őőőőőőőőő	ŜŗǰŗŝŚǰŜşřȱ őőőőőőőőő	ŗşǰŜŖŘǰřŗŞ őőőőőőőőő	ŗŖŜǰřŝŖǰŖŝŘȱ őőőőőőőőő

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱřŘDZȱ ȱȱȱǻǼȱ

ȱȱȱřȱȱȱDZȱ

	ŘŖŗş	ŘŖŗŞ
	Ǟ	Ǟ
ЕЗŒŽȱŠȱ'Žȱ‹Ž'——'—ȱ˜ȱ'Žȱ¢ŽŠ›ȱ	ŗşǰŜŖŘǰřŗŞȱ	ŘŗǰŞŗřǰŗŖřȱ
ž›Œ'ŠœŽœȱ	ŘŖǰŚŝŘǰşśşȱ	ŝǰŝŚŖǰřŜŘȱ
Š•Žœȱ	ǻŗŗǰŞŝŚǰŗşŖǼȱ	Ȭȱ
Š™'Š•ȱ›Žž›—	Ȭȱȱ	ǻřŖřǰŖŖŖǼȱ
ǻ˜œœǼȦŠ'—ȱ›ŽŒ˜—'œŽȱ'—ȱ˜'Ž›ȱ'—Œ˜–ŽȱǻŠǼȱ	ǻŞŖśǰŘŞŗǼȱ	ŘǰŝŘŘǰŗşŜȱ
›Š—œŽ›ȱ˜žȱ˜ȱŽŸŽ•ȱřȱ˜ȱŽŸŽ•ȱŗȱ	ǻŞŖşǰŜŖŖǼȱ	ǻśŖŖǰŖŖŖǼȱ
›Š—œŽ›ȱ˜žȱ˜ȱŽŸŽ•ȱřȱǻ‹Ǽȱ	Ȭȱ	ǻŗŗǰŞŝŖǰřŚřǼȱ
ЕЗŒŽȱŠȱ'ŽȱŽ—ȱ˜ȱ'Žȱ¢ŽŠ›	ņņņņņņņņ ŘŜǰśŞŜǰŘŖŜȱ őőőőőőőő	ņņņņņņņņ ŗşǰŜŖŘǰřŗŞȱ őőőőőőőő
ǻŠǼȱ—›ŽŠ•'œŽȱǻ•˜œœǼȦŠ'— ›ŽŒ˜—'œŽȱ'—ȱ™›˜'ȱ˜›ȱ•˜œœȱŠ›'‹žŠ‹•Žȱ˜ȱŠœœŽœȱ'Ž•ȱ
Šȱ'ŽȱŽ—ȱ˜ȱ'Žȱ›Ž™˜›'—ȱ™Ž›'˜ǯȱ	ǻŘǰśśŖǰśŗśǼȱ őőőőőőőő	ŘǰŝŘŘǰŗşŜȱ őőőőőőőő
ǻ‹Ǽȱ›Š—œŽ›ȱ˜ȱŠœœŽœDZȱ
ȱ œœŽœȱŒ•Šœœ''ŽȱŠœȱ'Ž•ȱ˜›ȱœŠ•Žȱ	Ȭȱ	ŗŗǰŜŘŖǰřŚřȱ
ȱ —ŸŽœ–Ž—œȱŠŒŒ˜ž—Žȱ˜›ȱžœ'—ȱ'ŽȱŽšž'¢ȱ–Ž'˜ȱ	Ȭȱ ņņņņņņņņ	ŘśŖǰŖŖŖȱ ņņņņņņņņ
	Ȭȱ	ŗŗǰŞŝŖǰřŚřȱ
	őőőőőőőő	őőőőőőőő

ȱȱȱȱȱȱ

ȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱŝȱȱŘŖŗŞǰȱ ȱȱǰȱ ȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱ¢ȱȱǯȱȱȱȱ ¢ȱ ȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȱ¢ȱȱ

ȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¢ȱȱ ȱȱȱȱ ǯȱȱ

ȱřŘDZȱ	ȱȱȱǻǼȱ
'—™žœȱžœŽȱ'—ȱ•ŽŸŽ•ȱřȱŠ'›ȱŸŠ•žŽȱ–ŽŠœž›Ž–Ž—œȱŠ›ŽȱŠœȱ˜••˜ œDZȱ						'ŽȱŠ'›ȱŸŠ•žŽȱ˜ȱŽŸŽ•ȱŘȱ'—Š—Œ'Š•ȱ'—œ›ž–Ž—œȱ'œȱŽŽ›–'—Žȱžœ'—ȱŠŸŠ'•Š‹•Žȱ™›'ŒŽœȱ 'Ž›Žȱ›Š'—ȱ˜Žœȱ—˜ȱ˜ŒŒž›ȱ'—ȱŠ—ȱ'—ŠŒ'ŸŽȱ–Š›"Žǯȱ'ŽȱšžŠ—'Š'ŸŽȱ'—˜›–Š'˜—ȱŠ‹˜žȱ'Žȱœ'—''ŒŠ—ȱž—˜‹œŽ›ŸŠ‹•Žȱ
ȱ	řŖȱ?ž—ŽȱŘŖŗşȱ	řŖȱ?ž—ŽȱŘŖŗŞȱ Š'›ȱŸŠ•žŽȱ	—˜‹œŽ›ŸŠ‹•Žȱ ȱ	Ž''ŽȱŠŸŽ›ŠŽȱȱ ȱ		Ž•Š'˜—œ''™ȱ˜ȱž—˜‹œŽ›ŸŠ‹•Žȱ'—™žœȱ˜ȱ ȱ
ŽœŒ›'™'˜—ȱ	Ǟȱ	Ǟ	'—™žœȱ	ŘŖŗşȱ	ŘŖŗŞȱ	Š'›ȱŸŠ•žŽȱ
ŽŠœŽȱ™›˜™Ž›'Žœȱ	ŘǰŚŖŖǰŖŖŖȱ	ŗǰřśŖǰŖŖŖȱ	Š™'Š•'œŠ'˜—ȱ›ŠŽȱ	şǯŗŝƖȱ	ŗŖǯŗŜƖȱ	'Žȱ'''Ž›ȱ'ŽȱŒŠ™'Š•'œŠ'˜—ȱ›ŠŽǰȱ'Žȱ •˜ Ž›ȱ'ŽȱŠ'›ȱŸŠ•žŽȱ
			ŽŠœŽȱŽ¡™'›¢ȱ	ŚǯřŚȱ¢ŽŠ›œȱ	Ŗǯřřȱ¢ŽŠ›œȱ	'Žȱ•˜—Ž›ȱ'Žȱ•ŽŠœŽȱŽ›–ǰȱ'Žȱ'''Ž›ȱ'Žȱ Š'›ȱŸŠ•žŽȱ
			ŒŒž™Š—Œ¢ȱ	ŗŖŖƖȱ	ŗŖŖƖȱ	'Žȱ'''Ž›ȱ'Žȱ˜ŒŒž™Š—Œ¢ȱ›ŠŽǰȱ'Žȱ'''Ž›ȱ 'ŽȱŠ'›ȱŸŠ•žŽȱ
	ņņņņņņņ	ņņņņņņņ
	ŘǰŚŖŖǰŖŖŖȱ őőőőőőő	ŗǰřśŖǰŖŖŖȱ őőőőőőő	ȱ	ȱ	ȱ	ȱ
'Ž›ȱ'—ŸŽœ–Ž—œȱ	ŗŘǰŚŗŖǰŞŗŗȱ	ŗŞǰŘśŘǰřŗŞȱ	ǻŠǼȱ	ȱ	ȱ	ȱ
	őőőőőőő	őőőőőőő
ǻŠǼ			‹ŠŒ"'—Dzȱ›ŽŽ›Ž—ŒŽȱ˜ȱ'ŽȱŒž››Ž—ȱ–Š›"ŽȱŸŠ•žŽȱ˜ȱŠ—˜'Ž›ȱ'—œ›ž–Ž—ȱ'Šȱ'œȱœž‹œŠ—'Š••¢ȱ'ŽȱœŠ–ŽȱŠ—ȱ'œŒ˜ž—ŽȱŒŠœ'ȱ•˜ ȱŠ—Š•¢œ'œǯȱ			'Ž›Žȱ'œȱ—˜ȱšžŠ—'Š'ŸŽȱ'—˜›–Š'˜—ǯȱŠ'›ȱŸŠ•žŽȱ'Šœȱ‹ŽŽ—ȱŽŽ›–'—Žȱ‹¢ȱžœ'—ȱŸŠ•žŠ'˜—ȱŽŒ'—'šžŽœǯȱžŒ'ȱŽŒ'—'šžŽœȱ'—Œ•žŽȱžœ'—ȱ›ŽŒŽ—ȱŠ›–Ȃœȱ•Ž—'ȱ–Š›"Žȱ›Š—œŠŒ'˜—œDzȱ—ŽȱŠœœŽȱ
ȱřřDZȱ	ȱȱȱȱȱ
—ȱŞȱžžœȱŘŖŗşǰȱȱŠŒšž'›ŽȱŜŖƖȱ˜ȱ'•˜—ȱž—œȱЗАޖޗȱ'–'Žȱ˜›ȱŠȱŒ˜—œ'Ž›Š'˜—ȱ˜ȱǞřǯŜȱ–'••'˜—ȱŠȱ ''Œ'ȱ'–Žȱ'ȱ‹ŽŒŠ–ŽȱŠȱŗŖŖƖȱœž‹œ''Š›¢ȱ˜ȱǯȱ
ŘŖŗşǯȱȱ						ȱ'—Š•ȱž••¢ȱ›Š—"Žȱ'Ÿ'Ž—ȱ'—ȱ›Žœ™ŽŒȱ˜ȱ'Žȱ¢ŽŠ›ȱŽ—ŽȱřŖȱ?ž—ŽȱŘŖŗşȱ˜ȱŞȱŒŽ—œȱ™Ž›ȱœ'Š›Žȱ ŠœȱŽŒ•Š›Žȱ˜—ȱŗȱžžœȱŘŖŗşȱ˜ȱ‹Žȱ™Š'ȱ˜—ȱŘŖȱžžœȱŘŖŗşȱ˜ȱ'˜œŽȱœ'Лޑ˜•Ž›œȱ›Ž'œŽ›Žȱ˜—ȱŜȱžžœȱ
						'Ž›ȱ'Š—ȱŠœȱœŽȱ˜žȱŠ‹˜ŸŽǰȱ'Ž›ŽȱŠ›Žȱ—˜ȱ˜'Ž›ȱ–ŠŽ›œȱ˜›ȱŒ'›Œž–œŠ—ŒŽœȱ'Šȱ'ŠŸŽȱŠ›'œŽ—ȱœ'—ŒŽȱ'ŽȱŽ—ȱ˜ȱ'Žȱ'—Š—Œ'Š•ȱ¢ŽŠ›ȱ ''Œ'ȱœ'—''ŒŠ—•¢ȱŠŽŒŽȱ˜›ȱ–Š¢ȱœ'—''ŒŠ—•¢ȱŠŽŒȱ'Žȱ˜™Ž›Š'˜—œȱ˜ȱǰȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼ

ȱȱ ǻȱȱȱǼȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ǯ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřŚDZȱȱ ȱ ȱȱȱ? ȱ

ȱȱȱȱȱȱȱǯȱȱȱȱȱ ǰȱ¢ȱǰȱȱȱ ȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱ ȱȱ¡ȱȱ¢ȱȱȱ ǯȱ

řŚǯŗ ȱȱȱȱ

ȱȱǞŗǰŗŞŖǰŖŝŘȱǻŘŖŗŞDZȱǼȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱǞŗŝǰŖśŞǰřŗśȱǻŘŖŗŞDZȱ ǞŘŖǰŚŝŜǰŞŗŚǼǯȱȱȱȱȱȱȱȱȱşǯȱ

řŚǯŘ ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱşǯȱȱ

řŚǯř ȱȱȱȱȱȱȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱŗŘǯȱȱ

řŚǯŚ ȱ

ȱȱȱȱȱȱȱȱȱȱȱŗřǯȱȱ

řŚǯś ȱȱȱȱ

ȱȱ ȱ ȱȱȱ¢ȱǰȱȱȱǰȱ ȱȱǰȱ ȱȱǰȱ ȱ¢ȱȱ ȱǰȱȱ ȱ ǰȱȱ ȱǰȱȱȱǰȱȱȱ ȱǰȱȱǰȱȱǰȱȱȱǯǰȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱ¡ȱȱȱȱȱȱ¢ȱȱȱȱȱȱ¢ Dzȱȱȱȱȱ¡ǰȱ¡ȱȱ¢ȱǰȱȱȱȱ£Dzȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱǯȱ ǰȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ǯȱȱȱȱȱȱȱ ȱȱȱȱȱ¢ǯȱȱȱȱȱȱȱȱȱȱȱȱŗŖȱȱŗŘǯ

řŚǯŜ ȱȱȱȱȱ¢ȱȱȮȱȱȱ

ȱ¢ȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱ ȱȱ¢ȱȱ¢DZȱ

ŝşȱȱȱȱȱǞŘǰŞşřǰŖŚşȱǻŘŖŗŞDZȱǞřǰŖŘŝǰŘŘŘǼDzȱ
ȱȱȱȱȱǞŘǰŗśŞǰŜŚşȱǻŘŖŗŞDZȱǞŘǰŘŞřǰŜśŖǼDzȱ
ȱȱ¢ȱȱȱǞŗǰŞŚřǰśŖŜȱǻŘŖŗŞDZȱǞŗǰŖŜŚǰŜŚŞǼDzȱ
ȱȱȱȱȱǞřǰřřřǰřřŚȱǻŘŖŗŞDZȱǼDzȱ
ȱȱȱȱȱǞŚŜŖǰśŚŞȱǻŘŖŗŞDZȱǞŗŞşǰŗŖşǼDzȱ
ȱ¢ȱȱȱȱȱȱřȱȱǞŘǰŝŝŖǰŞřřȱǻŘŖŗŞDZȱǼDzȱ
ȱȱ ȱ¢ȱ ȱǞŘŘŝǰŖřŝȱǻŘŖŗŞDZȱǞřŗŝǰśŗřǼDzȱ
ȱȱ¢ȱ ȱǞŞŗŞǰŞśřȱǻŘŖŗŞDZȱǼDzȱ
ȱȱȱȱ¢ȱȱȱǞŝǰŞŘŗǰŗśŝȱǻŘŖŗŞDZȱǞŘǰŞśŘǰřŘŝǼDz
ȱȱ ȱ¢ȱ¢ȱȱȱǞřǰśřŚǰśŝŞȱǻŘŖŗŞDZȱǞśŖǼDzȱȱ
ȱ¢ȱȱȱȱǞŘŜŝǰŝŘŝȱǻŘŖŗŞDZȱǞŘŚŝǰŝŚşǼǯȱ

ȱ¢ȱȱȱ¢ȱ?ȱ¢ȱȱȱȱȱȱǞřǰŚŖřǰŚŜŚȱǻŘŖŗŞDZȱǞřǰŗŝŞǰŚŝŞǼȱȱȱȱȱȱȱ ¢ǰȱȱȱȱȱȱȱ¢ȱȱ¢ǯȱȱȱȱȱ¢ȱȱǞŝşǯşśȱȱȱȱȱȱ ȱȂȱȱȱǞřŗǯŜȱǯȱ

ȱ¢ȱȱȱȱȱȱȱȱȱȱȱŚŜŖǰśŚŞȱǻŘŖŗŞDZȱǞŗŞşǰŗŖşǼȱȱȱȱȱȱ ȱ¢ǰȱȱȱȱȱȱȱ¢ȱȱ¢ǯȱȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱȱȂȱȱȱǞŗǰŚŚŖǰŖŖŖǯ

ȱȱȱ¢ǰȱȱȱȱȱȱȱ¢ȱȱǯȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱ řŖȱ?ȱŘŖŗŞȱ ȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱȱȱ¢ȱȱ¢ǰȱȱȱȱ ȱǞŜŞŞǰşŘŞǯȱȱ

ǻȱȱȱǼȱ

ȱȱ ȱȱȱȱ ȱȱȱřŖȱ?ȱŘŖŗşȱǻǼȱ

ȱřŚDZȱȱ ȱ ȱȱȱ? ȱǻǼȱ

řŚǯŝ ȱȱȱȱȱ¢ȱȱȮȱȱȱ

ȱ¢ȱȱȱȱȱ ǻȃȄǼȱȱȱȱȱǞŗŞǰŝŖşǰŖŚŝȱǻŘŖŗŞDZȱǞŗŞǰśřŜǰŝŚŗǼǯȱȱȱȱȱ ¢ȱȱȱȱȱǯȱȱȱȃȬȄȱȱȱȱřŖȱ?ȱŘŖŗşȱ ȱǞŗǯŖŗȱȱȱ ȱ ȱȱȱȱȱ ȱȱȱȱȱȱȱȱǰȱȱȱȱȱȱȱǯȱȱ

ȱ¢ȱȱȱȱȱȱǻȃȄǼȱȱȱȱȱǞŝŖǰşŖŗȱǻŘŖŗŞDZȱǼǯȱȱȱȱȱ¢ȱȱȱȱ ȱǯȱȱȱȱȱȱ ȱǞŖǯřŗȱȱȱȱŘŝȱȱŘŖŗşǯȱȱȱȱȱȱȱȱǞŖǯřŖȱȱ ȱȱȱǯȱȱȱǰȱǞŖǯŖŗȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱ ǰȱȱȱȱȱȱȱǯȱȱ

řŚǯŞ ¢ǰȱȱȱȱ

ȱȱȱȱ¢ǰȱȱȱȱȱȱȱȱȱŗŜǯȱȱ

řŚǯş ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱŗŝǯȱ

řŚǯŗŖ ȱȱȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱǞŗǰŝŞřǰŚśŜȱǻŘŖŗŞDZȱǞŗŝşǰşŖŚǼȱȱȱȱ¢ȱȱȱ ǞřŖǰŜŗŖǰřşŖȱǻŘŖŗŞDZȱǞřŚǰřŗŗǰŜşŘǼǯȱȱȱȱȱȱȱȱȱşǯȱ

řŚǯŗŗ ȱȱ

ȱȱȱȱȱȬȱǰȱ ȱȱȬȱȱȱȱȱȱȱ¢ǰȱȱȱ ȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱ¢ȱǯȱȱȱȱŗŚȱȱȱ ǯȱ

ȱřśDZȱȱȱ ȱȱ ȱȱ

ȱȱȱȱŗśȱȱȱȱ ȱȱȱŗȱ?¢ȱŘŖŗŞȱ ȱȱȱŗŗŞȱǰȱȱŗŗŗȱ ȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱ ǯȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱȱ¢ȱ¡ȱȱȱȱȱ¡ȱȱȱ ȱȱǯȱȱȱȱȱ ȱȬȱȱȱȱ ȱȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱȱȱȱȱ¢ȱȱȱ¡ȱȱȱȱȱǯȱ ȱ ȱȱȱȱȱȱ¢ȇȱȱȱȱȱȱȱȱ¢ǰȱȱȱǰȱȱȱ ǰȱȱȱȱȱ ȱȱ¢ȇȱȱȱȱȇȱ¢ǯȱȱȱȱ ȱȱȱȱȱȱǰȱȱȱȱǰȱȱȱȱȱȱȱȱȱȱȱǯȱ

Ȃȱȱȱȱǰȱȱȱȱȱȱ ȱȱ¢ȱ¡ȱȱȱȱ ȱȱŗśȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱǯȱȱ ȱȱȱȱȱȱŗǯŗŝǯȱ

ȱȱȱ¢ȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱŗśǯȱ ȱȱȱȱȱȱȱ ȱ¢ȱȱȱȱȱȱȱȱȱǯȱȱ ȱȱǞŝŚřǰŖśŖȱȱȱȱȱȱȱȱȱřŖȱ?ȱŘŖŗŞǯȱ

ȱȱȱȱŗśȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ǯȱȱȱȱ ȱȱȱȱȱȱȱȱȱȱȱŗȱ?¢ȱŘŖŗŞȱȱȱȱȱȱȱȱȱŗśȱȱ ¢ȱȱȱȱȱȱȱȱȱȱǯ

Independent Auditor's Report to the Members of CVC Limited

REPORT ON THE AUDIT OF THE FINANCIAL REPORT

Opinion

We have audited the financial report of CVC Limited ("the Company") and its controlled entities ("the Group"), which comprises the consolidated statement of financial position as at 30 June 2019, the consolidated statement of financial performance, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the financial statements, including a statement of significant accounting policies, and the directors' declaration.

In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001, including:

(a) giving a true and fair view of the Group's financial position as at 30 June 2019 and of its financial performance for the year then ended; and
(b) complying with Australian Accounting Standards and the Corporations Regulations 2001.

Basis for Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants ("the Code") that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key Audit Matter	How our audit addressed the key audit matter
Existence and Valuation of Loans Receivable (Note 9)
The consolidated entity had a significant balance of loans receivable as at 30 June 2019.	We reviewed loan agreements and other supporting documentation.
A large portion of the loans have been provided to property developers with properties provided as security for the loans.	We obtained management's workings and assessed the reasonableness of recoverability assessments, including where relevant, the prospect of recovering the loan within the next 12
We have therefore identified loans receivable as an area requiring particular audit attention.	months. We reviewed security of loans and assessed for reasonableness.
	We obtained loan confirmation from third parties.

Key Audit Matter	How our audit addressed the key audit matter
Valuation of Unlisted Investments (Note 12)
The consolidated entity holds interests in unlisted investments, held at fair value.	We reviewed management's valuation methodology, including impairment assessment, with reference to recent financial
The value of these investments are subject to a high degree of judgement. Therefore it is considered to be a key audit area.	statements, forecasts/budgets, future income of the investee and/or marketability of the investment.
Valuation of Investment Properties (including those classified as Inventories) (Note 13 and 17)
The carrying value of the investment properties has been assessed with reference to future cash flows.	We reviewed management's assessment of value with reference to external valuations and other supporting documentation. We assessed the competence, independence
As future cash flows are typically based on a number of variables, the valuation and allocation of investment properties is considered to be a	and integrity of the external expert appointed by management. We reviewed the treatment of revaluation movements for compliance with the Australian Accounting Standards.
key audit area.	We have assessed the adequacy of the disclosures within the financial statements as at 30 June 2019.

Information Other than the Financial Report and Auditor's Report Thereon

The directors are responsible for the other information. The other information comprises the information included in the Group's Annual Report for the year ended 30 June 2019, but does not include the financial report and our auditor's report thereon.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Directors for the Financial Report

The directors of the Company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial report of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

REPORT ON THE REMUNERATION REPORT

Opinion on the Remuneration Report

We have audited the Remuneration Report included in the directors' report for the year ended 30 June 2019.

In our opinion, the Remuneration Report of CVC Limited for the year ended 30 June 2019 complies with section 300A of the Corporations Act 2001.

Responsibilities

The directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards.

HLB Mann Judd N J Guest Chartered Accountants Partner

Sydney, NSW 30 August 2019

ǻȱȱȱǼȱ

ȱ ȱȱ

ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱ ȱ¢ǰȱ¢ǰȱ ȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ȱȱȱ¡ȱȱȱȱȱǰȱȱȱȱ ȱȱȱȱȱȱ¢ǰȱȱȱǰȱȱȱ ȱ¢ǰȱȱȱȱǯȱȱ ȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱ¢ȱȱȱȱȱ ȱ¢ȱȱǯȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱ ȱȱ¢ȱȱȱȱ¢ǰȱǰȱȱȱȱǰȱȱȱȱǯȱȱȱȱȱȱ ȱǰȱ¢ȱȱ ȱȱȱǯȱȱ

ȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱ¢ȱȱȱȱȱȱȱ¢ȱ ȱ ȱ ¢ȬȬ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱǯȱ ȱȱ ¡ȱ ȱ ȱ ¢ȱ ȱ ¢ȱ ȱ ǰ ȱ ǰȱ ȱȱ ȱ ȱ ȱ ȱ ¢ǯȱ ȱ ¢ȱ ȱȱ ȱ ȱȱ ȱ ȱȱ ȱ ȱ ȱ ȱ ȱ ǻȱ ȱȬǼȱ ȱ ȱ ȱ ȱ ȱ ȱ¢ȱ ȱ ȱȱȱǯȱȱȱȱ¢ȱ ȱ¢ȱ¢ȱǯȱȱȱȱȱ¢ȱ¢ȱ ȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱȱǯȱ

ȱȱřŖȱ?ȱŘŖŗşȱȱȱȱȱȱȱ DZȱ

˜'—ȱ˜ž•ŠœȱŽŠȱȱ	Ȭȱ™™˜'—ŽȱŘŖȱŠ›Œ'ȱŗşŞşǰȱ–Ž–‹Ž›ȱ˜ȱ'ŽȱŠž'ȱŒ˜––'ŽŽȱ
˜'—ȱŒ˜ȱŽŠŸŽ›ȱ	Ȭȱ™™˜'—ŽȱŞȱ™›'•ȱŘŖŗşȱ
Š—ȱ ˜žœ˜—ȱŠ–™‹Ž••ȱ	Ȭȱ™™˜'—ŽȱŗŜȱŠ›Œ'ȱŘŖŗśǰȱ–Ž–‹Ž›ȱ˜ȱ'ŽȱŠž'ȱŒ˜––'ŽŽȱ

ȱȱȱ¢ȱȱȱȱȱȱȱǰȱ¡ǰȱȱȱȱȱȱȱ¢ȱ ȱȱȱȬȱ¢ȱǯȱȱȱȱȱȱȱȱȱȱȱ¡ȱȱǰȱ ȱȱ ¡ȱ ȱȱȱ ȱ¢ȱȱȱǰȱ ȱ ȱ ȱȱȱ ȱȂȱǰȱȱȱ ȱ ȱȱȱȱȱȱǯȱ ȱȱ£ȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱ ȱǰȱȱȱȱ ȱ ȱȱȱȱȱǰȱȱ¢ȱȱŘşƖȱȱ¢ȱȱȱ¢ǯȱȱ

ȱȱȱȱȱȱȱ¢ǰȱ ȱǰȱ ȱȱȱ ȱȱȱȱ ȱ¢ȱȱȱȱ ȱǯȱȱȱȱȱ¢ǰȱȱȱ¢ȱȱȱȱȱ£ǰȱȱȱ ȱȱȱǯȱȱȱȱȱȃȱȱ£ȱȱȄȱȱ¢ȱȱǯȱȱȱȱ¢ȱȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱ¢ȱȱ¢ȱȱȱȬǯȱȱȱȱȱ ȱȱȱ¢ȱȱȱȱ ȱȱȱǰȱȱȱǰȱȱ ȱȱȱȱȱȂȱȱȱǯȱȱȱȱȱ ȱȱȱȱȱȱȱȱȁȱȱ ¢ȱȂȱȱȱȱǰȱȱȱ ȱ¢ȱȱȱȱȱȱȱ ȱȱȱȱȱȱ ȱǯȱȱ

ȱ¢ȱȱȱȱȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşǰȱȱȱȱȱ ȱȱ DZȱ

ȱȱȱȂȱ¡ȱ

ȱȱȱȱ¢ȱȱȱǯȱ

ȱ¢ǰȱȱȱǰȱȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱ ȱȱȱ¢ȱȱȱȱȱȱȱ¢ǯȱȱ ȱȱ¢ȱȱȱȱȱȱ ȱȱ ȱȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱȱǯȱȱ

ȱȱȱȱȬ¡ȱȱȱȱȱȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱ¢ȱ ȱȱȱ ¢ȱȱ¢ǰȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȂȱȱȱȱȱǯȱȱ

ȱȱȱȱȱȬ¡ȱȱȱȱȱȱȱȱȱȱ¡ȱǰȱ¡ȱȱ ȱȱȱȱȱȱȱ¢ǯȱȱ

ȱȱȱȱ¡ȱȱȱȱȱȱȱȱ¡ȱȱǯȱ ȱȬȱȱȱȬ¡ȱȱȱȱȱ¡ȱȱ¢ȱǯȱȱ

ǻȱȱȱǼȱ

ȱ ȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ¢ȱȱ¢ǰȱ ȱȱȱȱ¢ȱ¡ȱȱ¢ȱ ȱȱȱȱȱȱȱȱȱȱȱ ȱ ȱ ȱ ȱ Ȭȱ ȱ ȱ ȱ ȱ ȱ £ȱ ȱ ȱ ȱ ȱ ¢ǯ ȱ ȱ ȱ ȱ ȱ ȱȱ¡ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱ ȱȱȱ ȱȱǯȱȱȱȱȱ ȱ ȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱȱȱ¢ǯȱ

ȱ¢ȱ¢ȱȱȱȱȱȱȱ¢ȱȱȱȱ¢ȱȱȱȱ ȱȱ ȱ ȱ¢ȱȱȱ¢ȱǯȱȱ

ȱȱǰȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşDZȱ

ȱȱ¢ȱȱȱDz
ȱȱȱDzȱȱ
ȱȱȱȱǰȱȱȱ ȱȱȱǰȱȱ¢ȱȱȱȱ ȱȬ¡ȱDzȱȱ
ȱȱȱȱȱDzȱ
ȱȱȱȱȱDzȱ
ȱȱȱȱȱȱȱȱȱDzȱȱȱ
ȱȱȱȱȱ¡Dzȱ
ȱȱȱȱȱ ȱDzȱ
ȱȱȱȱȱȱ ȱȱȱȱȱDzȱ
ȱȱȱȱȱDzȱȱ
ȱȱ ȱȱȱȱ¡ȱȱȱȱȱDzȱȱȱ
ȱȱ¢ȱȱȱȱȱȱȱ¢ǯȱ

ȱȱȱȱȱȱȱ

ȱȱȱȱȱȱ¢ȱ ȱȱȱȱȱǯȱȱȱȱȱ ȱȱ ȱ¢ȱȱ ȱȱ ȱȱȱȱȱǯȱȱȱȱȱȱ ȱȱřŖȱ?ȱȱ ¢ȱȱȱȱȱȱȱǯȱ

ȱȱȱȱȱ ȱ ȱȱ ȱȱȱȱȱȱ ȱ¢ȱȱ řŖȱ ?ȱ ŘŖŗşǯȱǰȱ ȱǰȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ǯȱ

ȱǰȱȱȱȬ¡ȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱȱ ȱ¢ȱȱȱȱ¢ȱȱȱȱǰȱȱȱ¢ȱȱȱȬ¡ȱǯȱȱ

ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱǯȱȱ

ȱ ȱȱ

ȱȱȱȱȱ

ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ¢ȱ ¢ȱǯȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱȱ¢ȱȱȱ¢ǰȱ ȱ ȱ ȱ ȱ ȱ Ȭȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȱȱȱȱȱȱȱȱ¡ǯȱȱȱ¢ȱȱȱȱȱ ȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ ȱ¢ȱȱ¢ȱȱȱȱȱȱ ȱȱȱ¢ǯȱȱȱ

ȱȱȱȱ ȱ ȱȱȱȱ ȱȱȱȱȱȱ ȱ ȱ ȱ¢ȱȱȱ ¡ȱȱȱȱȱȱȱ¢ǰȱȱȱȱȱ£ȱȱ¡¢ȱȱȱǯȱȱȱ¢ȱȱ ¢ȱȱȱȱȱȱȱȱ ȱDZȱ

ȱȱȱȱȱȱȱȱȱ¢Dz
ȱȱȱȱȱȱȱ ȱȱȱȱȱDzȱȱ
ȱȱȱȱȱȱȱȱȱȱǯȱ

ȱȱ

ȱ¢ȱȱȱ¢ȱȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ¡ȱȱȱ¢ǯȱȱȱ

ȱȱȱȱȱȱȱȱǰȱ ȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱǯȱȱ

ȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşǰȱȱȱȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱȱ¢ȱȱȱȱȱȱȱ¢ȱ ȱȱ ȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱȱȱ¢ȱȱȱȱ ȱ¢ȱȱȱȱȱȱȱ ȱȱȱ¢ǯȱȱ

ȱ¢ȱȱȱȱȱȱȱȱȱǰȱȱȱȱ¢ȱȱȱ¢ǯȱȱȱ ȱǰȱȱȱȱ¢ȱȱȱ¢ǰȱ¢ǰȱ¢ǰȱȱȱǰȱȱȱȱȱȱȱ ȱ¢ȱȱȱ ǰȱ ȱ¢ȱ ȱ ȱȱǯȱȱ

ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ¢ǰȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ¢ǯȱ ȱ ¢ȱ ȱȱȱȱȱȱȱȱȱŘŖŖŗȱȱȱȱȱȱ ǰȱ¡ȱ ǰȱ¡ȱǰȱȱȱȱȱȱȱ¢ȱȱȱȱȱȱȱ¢Ȃȱǯȱ

ȱ¢Ȃȱ¡ȱȱȱȱȱȱȱȱȱȱȱ ȱȱȱȱȱ ȱȱȱǯȱ

ȱȱ ȱȱȱȱȱǰȱȱ¢ȱȱȱȱȱȱȱȱȱ ȱȱȱȱ¢ȱȱȱȱȱȱȱȬ¢¢ȱǯȱȱȱȱȱȱȱȱ¢ȱȱ ¢ȱȱȱ¢ǯȱȱȱȱȱȱȱȱȱȱȱȱ ǯǯǯǰȱ¢ȱ ȱȱ¢ȱ¢ȱȱ¢ȱȱȱȱȱǯȱȱ

ǻȱȱȱǼȱ

ȱȱ

ȱȱȱȱ

ȱ ȱȱ ȱȱȱȱŘŞȱȱŘŖŗşǯȱ

ȱȱȱ

ȱȱȱȱȱȱȱ ȱȱ DZȬȱ

ŠŽ˜›¢	ž–‹Ž›ȱ˜ȱ˜›'—Š›¢ȱœ'Лޑ˜•Ž›œȱ
ǻœ'£Žȱ˜ȱ'˜•'—Ǽȱ
ŗȱȬȱŗǰŖŖŖȱ	ŗşŘȱ
ŗǰŖŖŗȱȬȱśǰŖŖŖȱ	ŘŚśȱ
śǰŖŖŗȱȬȱŗŖǰŖŖŖȱ	ŗŚřȱ
ŗŖǰŖŖŗȱȬȱŗŖŖǰŖŖŖȱ	ŘŘŗȱ
ŗŖŖǰŖŖŗȱȬȱȱ˜ŸŽ›ȱ	ŝřȱ
	ņņņņņņņņ
˜Š•ȱ	ŞŝŚȱ
	őőőőőőőő

¢ȱ ǻ£ȱȱǼȱ

ŗȱȬȱŗǰŖŖŖȱ		ŗǰřŝŗȱ
ŗǰŖŖŗȱȬȱśǰŖŖŖȱ		ŚŞȱ
śǰŖŖŗȱȬȱŗŖǰŖŖŖȱ		ŗȱ
ŗŖǰŖŖŗȱȬȱŗŖŖǰŖŖŖȱ		řȱ
˜Š•ȱ		ņņņņņņņņ ŗǰŚŘřȱ
—–Š›"ŽŠ‹•Žȱ™Š›ŒŽ•œȱ		őőőőőőőő
	'—'–ž–ȱ	ž–‹Ž›ȱ˜ȱ

	™Š›ŒŽ•ȱœ'£Žȱ	œ'Лޑ˜•Ž›œȱ
›'—Š›¢ȱœ'Š›Žœȱ	ȱ	ȱ
'—'–ž–ȱǞśŖŖǯŖŖȱ™Š›ŒŽ•ȱŠȱǞŘǯŗŜȱ™Ž›ȱœ'Š›Žȱ	ŘřŘȱ	Şśȱ
˜—ŸŽ›'‹•Žȱ—˜Žœȱ	ȱ	ȱ
'—'–ž–ȱǞśŖŖǯŖŖȱ™Š›ŒŽ•ȱŠȱǞŗŖŗȱ™Ž›ȱ—˜Žȱ	śȱ	Ȭȱ

ȱȱȱ¢Ȭȱ

ȱ¢ȱȱȱȱȱȱȱ¢Ȭȱ ȱȱȱŘŜȱȱŘŖŗŞǯȱȱ

ȱȱȱ

ȱȱȱȱ¢Ȃȱȱȱȱȱȱȱ¢ȱȱȱ ȱȱȱȱȱȱȱȱ ȱȱȱȱȱȱȱ¢ȱȱȱ DZȱ

'Лޑ˜•Ž›ȱ	ž–‹Ž›ȱ˜ȱ˜›'—Š›¢ȱœ'Š›Žœȱ'—ȱ ''Œ'ȱ'—Ž›Žœȱ'Ž•ȱ
›ȱ?˜'—ȱŒ˜ȱŽŠŸŽ›ȱǻŠǼȱ	ŚşǰŞŘśǰśŚŜȱ
›ȱ?˜œŽ™'ȱŠŸ'ȱ˜œœȱ	ŗŘǰŘŖŖǰŖŖŖȱ
˜ž'œŽŠȱǻžœǼȱ¢ȱ'–'Žȱ	ŗŝǰŜŗŖǰśŖŜȱ
—•˜ȱžœ›Š•'Š—ȱ'›'œ'Š—ȱǭȱ'Š›'Š‹•Žȱž—	şǰŝŗŘǰŞŗŜ

ǻǼ ȱȂȱȱȱŘŖǰŝŖŚǰŜŗŗȱȱȱ¢ȱȱ¢ȱȱ

ǻȱȱȱǼȱ

ȱȱǻǼȱ

ŘŖȱȱȱȬȱ¢ȱȱ

ȱȱŘŞȱȱŘŖŗşǰȱȱȱŘŖȱȱȱȱȱ ȱȱ DZȱ

'Лޑ˜•Ž›ȱ	'Š›Žœȱ'Ž•ȱ	Ɩȱ˜ȱ'œœžŽȱ
		ŒŠ™'Š•ȱ'Ž•ȱ
›'—Š›¢ȱ'Š›Žœȱ	ȱ	ȱ
›ȱ?˜'—ȱŒ˜ȱŽŠŸŽ›ȱ	ŘŜǰŗŘŖǰşřśȱ	ŘŘǯŘŖȱ
ŽŠ˜žȱ¢ȱ'–'Žȱ	ŘŖǰŝŖŚǰŜŗŗȱ	ŗŝǯŜŖȱ
˜ž'œŽŠȱǻžœǼȱ¢ȱ'–'Žȱ	ŗŝǰŜŗŖǰśŖŜȱ	ŗŚǯşŝȱ
—•˜ȱžœ›Š•'Š—ȱ'›'œ'Š—ȱǭȱ'Š›'Š‹•Žȱž—ȱ	şǰŝŗŘǰŞŗŜȱ	ŞǯŘśȱ
ȱŽŒž›''Žœȱ¢ȱ'–'Žȱ	ŜǰŝŖŖǰŖŖŖȱ	śǯŜşȱ
ȱŽŒž›''Žœȱ¢ȱ'–'Žȱ	śǰśŖŖǰŖŖŖȱ	ŚǯŜŝȱ
'Ž–'ŒŠ•ȱ—ŸŽœ–Ž—œȱ'–'Žȱȱ	ŚǰŞŜŗǰŝŚŗȱ	Śǯŗřȱ
Ž—˜•Šȱ¢ȱ'–'Žȱ	ŘǰŘśśǰŘŞŞȱ	ŗǯşŘȱ
›ȱ'Ž•ȱŠ–Ž›˜—ȱ˜"Žœȱ	ŗǰŖŖŖǰŖŖŖȱ	ŖǯŞśȱ
›ȱŠ¢–˜—ȱ?˜œŽ™'ȱ ŽŠ•Ž¢ȱ	Şŗŝǰśŗŝȱ	ŖǯŜşȱ
Ž•‹˜ž›—Žȱ˜›™˜›Š'˜—ȱ˜ȱžœ›Š•'Šȱ¢ȱ'–'Žȱ	ŜŘřǰŘŖŞȱ	Ŗǯśřȱ
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›ȱ?ž•'Š—ȱŽ›'—'ȱ	ŚŞŖǰŖŖŖȱ	ŖǯŚŗȱ
Š——'—˜—ȱ˜›™˜›Š'˜—ȱ¢ȱȱ	ŚŜŜǰŖşŚȱ	ŖǯŚŖȱ
¢ŸŽœȱ¢ȱȱ	ŚśŖǰŖŖŖȱ	ŖǯřŞȱ
˜'—ȱ—Ž•Šȱ¢ȱ'–'Žȱ	ŚŚśǰŖŖŖȱ	ŖǯřŞȱ
Ž—˜•Šȱ¢ȱ'–'Žȱ	ŚŘŘǰŖśŘȱ	ŖǯřŜȱ
ȱ—ŸŽœ–Ž—œȱ'–'Žȱ	ŚŘŖǰŖŖŖȱ	ŖǯřŜȱ
Šœ™Ž›œ˜—ȱ¢ȱ'–'Žȱ	řŞŗǰŞŗŝȱ	ŖǯřŘȱ
›ȱ Ž˜›Ž¢ȱŽŠŸŽ›ȱ	řśŖǰŖŖŖȱ	ŖǯřŖȱ
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	şşǰŞŘŜǰŜŞś őőőőőőőő	ŞŚǯŞŚ őőőőőő
˜—ŸŽ›'‹•Žȱ˜Žœȱ	ȱ	ȱ
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žžŠ•ȱ›žœȱ¢ȱȱ	ŗŖǰŞŝŚȱ	ŗǯŞŗȱ
Š'˜—Š•ȱ˜–'—ŽŽœȱ'–'Žȱ	ŞǰśřŘȱ	ŗǯŚŘȱ
ŠŽ›ȱ—ŸŽœ–Ž—œȱ¢ȱȱ	ŚǰŖřŖȱ	ŖǯŜŝȱ
ȱЗАޖޗȱ¢ȱ'–'Žȱ	ŚǰŖřŖȱ	ŖǯŜŝȱ
'œ'˜—ȱžœ›Š•'Šȱ˜ž—Š'˜—ȱ	řǰşŘŗȱ	ŖǯŜśȱ
œŠ›ȱ¢ȱȱ	ŘǰŞŖŖȱ	ŖǯŚŝ
› '—ȱ–Š••ȱ¢ȱȱ	ŘǰśŖŖȱ	ŖǯŚŘȱ
›ȱ—›Ž ȱ˜‹Ž›ȱ–Š••ȱ	ŘǰśŖŖȱ	ŖǯŚŘȱ
ŠŽ›•˜˜ȱŽ'ŒŠ•ȱŽ—›Žȱ¢ȱ	ŘǰśŖŖȱ	ŖǯŚŘȱ
›ȱŠ–'Ž—ȱ?˜œŽ™'ȱ Ž——ŽŠ••¢ȱǭȱ›œȱŠ—ŠŒŽȱ¢——ȱ Ž——ŽŠ••¢ȱ	ŘǰřśŞȱ	Ŗǯřşȱ
˜•¢ȱ¢ȱȱ	ŘǰŘŖŖȱ	Ŗǯřŝȱ
Ž•‹˜ž›—Žȱ—ŸŽœ–Ž—œȱ¢ȱȱ	ŘǰŖŗŖȱ	ŖǯřŚȱ
˜›‹Ž—ȱ˜–'—ŽŽœȱ¢ȱȱ	ŘǰŖŖśȱ	Ŗǯřřȱ
œȱŠ›˜•¢—ȱŠ›Š›ŽȱŠ›•ȱǭȱ›ȱ?˜'—ȱ'••'Š–ȱ'œœŽ—ȱȱ	ŘǰŖŖŖȱ	Ŗǯřřȱ
Š—ŒžŠ›¢ȱ ŠŽȱ¢ȱȱ	ŘǰŖŖŖȱ	Ŗǯřřȱ
'—Š™˜›Žȱ—ŸŽœ–Ž—œȱ¢ȱȱ	ŘǰŖŖŖȱ	Ŗǯřřȱ
›œȱŽ‹˜›Š'ȱ——Žȱ›ŽŠœž›Žȱȱ	ŘǰŖŖŖȱ	Ŗǯřřȱ
Š'•Ž›ȱ—ŸŽœ–Ž—œȱ¢ȱ'–'Žȱ	ŗǰśśŖȱ	ŖǯŘŜȱ
	ņņņņņņņņ	ņņņņņņ
	ŗŘśǰŚŗŜȱ őőőőőőőő	ŘŖǯşŖȱ őőőőőő

ȱȱ

ȱ¢Ȃȱȱȱȱȱȱȱȱȱȱȱ¢ȱǰȱȱȱȱȱ¢ȱ¡¢ǰȱȱȱȱ ȱȱ¢ȱ¢ȱȱȱȱȱȱȱǯȱȱ

ȱȱ

ȱ¢ȱȱȱȱȱȱǯȱȱȱȱȱȱȱȱȱȱȱȱȱřŝŖřǰȱȱřŝǰȱ ¢ǰȱŗȱȱǰȱ¢¢ȱȱŘŖŖŖǯ

AI assistant

CVC LIMITED — Annual Report 2019

64728_rns_2019-08-29_b2d7ea96-ea81-4940-a794-91dbb797c4dc.pdf

RESULTS ANNOUNCEMENT

FOR THE YEAR ENDED 30 JUNE 2019

GROUP SUMMARY

YEAR IN REVIEW

Direct Property

Property Backed Lending

Funds Management

Commercial Debt and Alternative Assets:

Listed Investments:

Private Equity:

FUTURE OUTLOOK

CAPITAL MANAGEMENT AND DIVIDEND POLICY

Appendix 4E

Preliminary Final Report Results for announcement to the market

Dividends (distributions)

Net tangible asset per security

Commentary

ȱȱ ȱȱȱȱ

ȱȱ

ȇȱȱ

ȱ

ȱȱȱǻǼȱ

ȱ ȱȱǻȬ¡ȱǼȱ

ǯǯǯǯȱǻǼȱȱ

¡ȱ?ȱȬȱǻȬ¡ȱǼȱǻȱŗȱ?¢ȱŘŖŗşǼ

¡ȱȱ ¢ȱȱǻȱȱȱ¢ȱ¢ǼȱǻȱŗȱȱŘŖŗşǼȱ

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ȱ ȱ ȱȱ

ȇȱȱǻǼ

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Ȃȱȱ ȱ ȱȂȱȱ

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ȱ

ȇȱȱǻǼ

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ȱȱ

ȇȱȱǻǼ

ȱȱȱ

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¢ȱȱDZȱ

ȱDZȱ

ȱȱȱȱDZȱ

ȱDZȱ

ȱ¢DZȱ

ȇȱȱǻǼ

ȱȱȱ

ȱȱ

ȱ ȱ

ȱȱȱȱȱ

ȱȱ

ȱȱȱȱȱȱȱ

Ǽȱ

Ǽȱȱȱ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱ

ȱ¢ȱ

ȱȱ

¢ȱȱȱȱ

ȱ¡ȱȱȱȱȱ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱǻǼȱ

ȱȱ¢ȱȱȱǻǼDZȱ ȱȱDZȱ

ȱȱ¢ȱȱȱȱȱ¢ȱȱřŖȱ?ȱŘŖŗşȱ

CVC LIMITED ǻȱȱȱǼȱ

ȇȱȱǻǼ

ȱȱǻǼȱǻǼȱ

¡ȱȱȱ

ȱȱȱȱȱ ȱ

ȱȱȱȬȱ

ǻȱȱȱǼȱ

ȱȱȱȱȱ ȱ ȱȱȱřŖȱ?ȱŘŖŗşȱ

ǻȱȱȱǼȱ

ȱȱȱ ȱȱȱ ȱ ȱȱȱřŖȱ?ȱŘŖŗşȱ

ǻȱȱȱǼ

CVC LIMITED Annual Report 2019