(jjlzzpipsp[` · o[[wz! ^^^ srjh us v]ly srjh ^h[ kvlu ^pq qhhy]lyzshn ;olzl joljrz opnospno[...
TRANSCRIPT
O[[WZ!��^^ �̂SRJH�US�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�PUMVYTH[PLIHUR�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�PUMVYTH[PLIHUR�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^H[�KVLU�^PQ�QHHY]LYZSHN�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^H[�KVLU�^PQ�QHHY]LYZSHN�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�RLUUPZ�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�RLUUPZ�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�PUNLZWYLR�SRJH�WHULS�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�PUNLZWYLR�SRJH�WHULS�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�SRJH�W\ISPJH[PLZ�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�SRJH�W\ISPJH[PLZ�
-L[JO�[PTL 1\S������������!� �74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�PUNLZWYLR�UL[^LYRLU�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�PUNLZWYLR�UL[^LYRLU�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�UPL\^ZIYPLM�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�UPL\^ZIYPLM�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�OVL�^LYRLU�^PQ�VUaL�WHY[ULYZ�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�OVL�^LYRLU�^PQ�VUaL�WHY[ULYZ�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�H�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
��
*VU[YHZ[ ċ 7KHVH�DUH�RSSRUWXQLWLHV�WR�LPSURYH�WKH�OHJLELOLW\�RI�\RXU�FRQWHQW�
%DFNJURXQG�DQG�IRUHJURXQG�FRORUV�GR�QRW�KDYH�D�VXIðFLHQW�FRQWUDVW�UDWLR��
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�H�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^LYRLU�IPQ�OL[�SRJH�Z[HNLZ�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^LYRLU�IPQ�OL[�SRJH�Z[HNLZ�
-L[JO�[PTL 1\S������������!� �74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�Z[LS�LLU�]YHHN�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�Z[LS�LLU�]YHHN�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�VWPUPL�Z\IZPKPLZ�]VVY�J\S[\\YLK\JH[PL�HSZ�SHWTPKKLS�]VVY�^H[�LY�PU�KL�IHZPZ�VU[IYLLR[�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
��
5HTLZ�HUK�SHILSZ ċ 7KHVH�DUH�RSSRUWXQLWLHV�WR�LPSURYH�WKH�VHPDQWLFV�RI�WKH�FRQWUROV�LQ�\RXU�DSSOLFDWLRQ��7KLV�PD\HQKDQFH�WKH�H[SHULHQFH�IRU�XVHUV�RI�DVVLVWLYH�WHFKQRORJ\��OLNH�D�VFUHHQ�UHDGHU�
/LQNV�GR�QRW�KDYH�D�GLVFHUQLEOH�QDPH�
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�VWPUPL�Z\IZPKPLZ�]VVY�J\S[\\YLK\JH[PL�HSZ�SHWTPKKLS�]VVY�^H[�LY�PU�KL�IHZPZ�VU[IYLLR[�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^LYRLU�IPQ�OL[�SRJH�]HJH[\YLZ�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^LYRLU�IPQ�OL[�SRJH�]HJH[\YLZ�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�HNLUKH�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�HNLUKH�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^PL�aPQU�^PQ�HUIP�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^PL�aPQU�^PQ�HUIP�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^H[�KVLU�^PQ�ILSLPKZWSHU�����������
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
��
5HTLZ�HUK�SHILSZ ċ 7KHVH�DUH�RSSRUWXQLWLHV�WR�LPSURYH�WKH�VHPDQWLFV�RI�WKH�FRQWUROV�LQ�\RXU�DSSOLFDWLRQ��7KLV�PD\HQKDQFH�WKH�H[SHULHQFH�IRU�XVHUV�RI�DVVLVWLYH�WHFKQRORJ\��OLNH�D�VFUHHQ�UHDGHU�
/LQNV�GR�QRW�KDYH�D�GLVFHUQLEOH�QDPH�
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^H[�KVLU�^PQ�ILSLPKZWSHU�����������
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^PL�aPQU�^PQ�ILZ[\\Y�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�^PL�aPQU�^PQ�ILZ[\\Y�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�HNLUKH�IYLHRPUN�Y\SLZ�L\YVWLZL�OPWOVW�JVUMLYLU[PL�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�HNLUKH�IYLHRPUN�Y\SLZ�L\YVWLZL�OPWOVW�JVUMLYLU[PL�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�HY[PRLS�JVYVUH�LU�J\S[\YLSL�HJ[P]P[LP[LU�]VVY�JR]�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�HY[PRLS�JVYVUH�LU�J\S[\YLSL�HJ[P]P[LP[LU�]VVY�JR]�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�J\S[\YLLS�RHWP[HHS�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
��
5HTLZ�HUK�SHILSZ ċ 7KHVH�DUH�RSSRUWXQLWLHV�WR�LPSURYH�WKH�VHPDQWLFV�RI�WKH�FRQWUROV�LQ�\RXU�DSSOLFDWLRQ��7KLV�PD\HQKDQFH�WKH�H[SHULHQFH�IRU�XVHUV�RI�DVVLVWLYH�WHFKQRORJ\��OLNH�D�VFUHHQ�UHDGHU�
/LQNV�GR�QRW�KDYH�D�GLVFHUQLEOH�QDPH�
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�J\S[\YLLS�RHWP[HHS�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY �� �
O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�J\S[\\Y�WS\Z�LK\JH[PL�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�J\S[\\Y�WS\Z�LK\JH[PL�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�J\S[\\YRYHU[�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�W\ISPJH[PLZ�J\S[\\YRYHU[�
-L[JO�[PTL 1\S������������!� �74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY �� �
O[[WZ!��^^ �̂SRJH�US�L_WLY[Z�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z�����
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�L_WLY[Z�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����
O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�MHX�
;OLZL�JOLJRZ�OPNOSPNO[�VWWVY[\UP[PLZ�[V�PTWYV]L�[OL�HJJLZZPIPSP[`�VM�`V\Y^LI�HWW��6US`�H�Z\IZL[�VM�HJJLZZPIPSP[`�PZZ\LZ�JHU�IL�H\[VTH[PJHSS`
KL[LJ[LK�ZV�THU\HS�[LZ[PUN�PZ�HSZV�LUJV\YHNLK�
9\U[PTL�:L[[PUNZ
.LULYH[LK�I`�3PNO[OV\ZL�������c�-PSL�HU�PZZ\L
7YPU[�:\TTHY`
7YPU[�,_WHUKLK
*VW`�1:65
:H]L�HZ�/;43
:H]L�HZ�1:65
6WLU�PU�=PL^LY
;VNNSL�+HYR�;OLTL
(JJLZZPIPSP[`
���
(KKP[PVUHS�P[LTZ�[V�THU\HSS`�JOLJR������ ċ 7KHVH�LWHPV�DGGUHVV�DUHDV�ZKLFK�DQ�DXWRPDWHG�WHVWLQJ�WRRO�FDQQRW�FRYHU�/HDUQ�PRUH�LQ�RXU�JXLGH�RQ�FRQGXFWLQJ�DQ�DFFHVVLELOLW\�UHYLHZ�
7HZZLK�H\KP[Z��� �
5V[�HWWSPJHISL�����
<93 O[[WZ!��^^ �̂SRJH�US�V]LY�SRJH�MHX�
-L[JO�[PTL 1\S������������!���74�.4;��
+L]PJL ,T\SH[LK�+LZR[VW
5L[^VYR�[OYV[[SPUN ���°TZ�;*7�9;;���������°2IWZ�[OYV\NOW\[��:PT\SH[LK�
*7<�[OYV[[SPUN �_�ZSV^KV^U��:PT\SH[LK�
<ZLY�HNLU[��OVZ[� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL���������������:HMHYP�������
<ZLY�HNLU[��UL[^VYR� 4VaPSSH������4HJPU[VZO"�0U[LS�4HJ�6:�?���F��F���(WWSL>LI2P[���������2/;43�SPRL�.LJRV��*OYVTL�������� ����:HMHYP��������*OYVTL�3PNO[OV\ZL
*7<�4LTVY`�7V^LY ����