2P[XQaPcX^]B^[dcX^]b
U^a?aTbbdaT
P]S5[^f
8]bcadRcX^]BWTTc
B@=BQ^WUbC_VdgQbU
B@=B1>75BYcY^dU^TUTd_Q\\_gdXUecUbQcY]`\UcdbQYWXdV_bgQbTgQi_VcU\USdY^WTYVVUbU^dbQ^WUcV_b
QWYfU^dbQ^cTeSUb5QSXdbQ^cTeSUbXQcQS_bbUc`_^TY^WTYc[VY\UdXQdS_^dQY^cQ\\Y^V_b]QdY_^`UbdQY^Y^W
d_ UQSXbQ^WU DXU ecUb ]Qi ]_TYVi dXUcU VY\Uc Qd Q^i dY]U gYdX dXU e^TUbcdQ^TY^W dXQd dXU fQ\eUc
U^dUbUTTYbUSd\iQVVUSddXUSQ\YRbQdY_^Q^TcdQdUTQSSebQSi_VdXUB@=
DXU B@=
AP]VTb
gY^T_g `UbdQY^c d_ dXU QfQY\QR\U SQ\YRbQdUT bQ^WUc V_b dXU B@= DXU B@=
BcPcdb
gY^T_gTYc`\QicdXUSebbU^dB@=cUddY^WdXQdQVVUSdUQSXe^YdDXUcUcUddY^WcQbUQed_]QdYSQ\\ibUQTVb_]
dXUB@=Q^TTYc`\QiUT
2WP]VX]VAP]VTb
å
DXUUhUSedQR\UVY\UB1>75B5H5Q^TQ\\bU\QdUTTQdQVY\UcC5>cX_e\TRU\_SQdUTY^dXUcQ]U
ceRTYbUSd_bi_b_^dXUcQ]UTYc[
D_SXQ^WUbQ^WUcV_bQWYfU^dbQ^cTeSUbdXUV_\\_gY^WcUaeU^SU_VUfU^dc]ecd_SSeb*
•
B@=]ecdRUQddQSXUTd_dXU3?=!`_bd_VdXUS_]`edUb
•
BUaeYbUTTQdQ]ecdRUbUQTVb_]Q^B@=RUV_bUSXQ^WY^WYdcbQ^WUY^S\eTY^WdXUcUbYQ\^e]RUb
Q^T_dXUbY]`_bdQ^dY^V_b]QdY_^DXUcUbYQ\^e]RUbgY\\RUecUTd_\_SQdUdXUQ``b_`bYQdUTQdQVY\U
V_bdXUB@=
•
>Ug bQ^WU ]ecd RU cU\USdUT 1\\ bQ^WU c`USYVYS Y^V_b]QdY_^ gY\\ RU Qed_]QdYSQ\\i gbYddU^ d_
dXUB@=
ê
D_Y^YdYQdUdXUc_VdgQbUdi`U
aP]VTa
QddXU4?C`b_]`d
1VdUb dXU Y^YdYQ\ _`U^Y^W cSbUU^ dXU ecUb Yc `b_]`dUT d_ QddQSX Q^ B@= d_ dXU 3?=! `_bd _V
dXUS_]`edUb
8U J4=C4AL Xb _aTbbTS)
1\\ bUaeYbUT Y^V_b]QdY_^ gY\\ RU bUQT Vb_] dXU B@= Q^T TYc`\QiUT _^
dXUcSbUU^@bUcc
J4B2L
_b
JC01L
Q^T
J4=C4AL
d_Ri`QccbUQTY^WdXUB@=TQdQ
DXUV_\\_gY^W
b_TRXP[Ud]RcX^]
[UicQbU\_SQdUT_^dXU=QY^?`UbQdY^WcSbUU^*
A
1VdUbdXUTQdQVb_]Q^B@=XQcRUU^bUQTQ^TdXUY^V_b]QdY_^Vb_]dXUS_bbUc`_^TY^WTQdQVY\UXQc
RUU^bUdbYUfUT`bUccY^W
JAL
gY\\TYc`\QiQ`_`e`gY^T_gdXQdQ\\_gcdXUecUbd_cU\USddXUTUcYbUT
bQ^WUY^dXUSebbU^d`bUccebUe^Yd_VdXUB@=DXU
J
↑
L
Q^T
J
↓
L
Qbb_g[UicSQ^RUecUTd_XYWX\YWXd
dXUQ``b_`bYQdUcU\USdY_^GXU^dXUTUcYbUTbQ^WUYcXYWX\YWXdUT`bUcc
J4=C4AL
gY\\gbYdUdXYc^Ug
Y^V_b]QdY_^d_dXUB@=
D
DXU`bUccebUe^Yd_VdXUB@=]QiRUSXQ^WUTRi`bUccY^W
JDL
1`_`e`]U^egY\\RUTYc`\QiUT
Q\\_gY^W dXU ecUb d_ cU\USd Q ^Ug e^Yd DXU
J
↑
L
Q^T
J
↓
L
Qbb_g [Uic SQ^ RU ecUT d_ XYWX\YWXd dXU
Q``b_`bYQdU cU\USdY_^ GXU^ dXU TUcYbUT e^Yd Yc XYWX\YWXdUT `bUccY^W
J4=C4AL
gY\\ gbYdU dXYc ^Ug
Y^V_b]QdY_^d_dXUB@=
=
1\\_gc Q^ UQci gQi d_ SXQ^WU bQ^WUc _^ Q^_dXUb B@= _b bUbUQT dXU SebbU^d B@= TQdQ
1VdUb`bUccY^W
J]L
dXU ecUb gY\\ RU `b_]`dUTd_ QddQSXQ^B@=d_dXU3?=!`_bd_VdXUS_]`edUb
DXYcYcdXUcQ]U`b_SUccQcTUcSbYRUTgXU^dXUc_VdgQbUYcVYbcdY^YdYQdUT
4
1^ UhYcdY^W TQdQ VY\U ]Qi RU UTYdUT CUU
2aTPcX]V4SXcX]V 3PcP 5X[Tb
_V dXYc Y^cdbeSdY_^ cXUUd V_b
TUdQY\c_^dXUTQdQVY\UQ^TYdccdbeSdebU
2
1^UgTQdQVY\U]QiRUSbUQdUTYV_^UT_Uc>?DQ\bUQTiUhYcdCUU
2aTPcX]V4SXcX]V3PcP5X[Tb
_V
dXYcY^cdbeSdY_^cXUUdV_bTUdQY\c_^dXUTQdQVY\UQ^TYdccdbeSdebU
G
@bUccY^W
JGL
gY\\dUb]Y^QdUdXU_`UbQdY_^_VdXU`b_WbQ]Q^TbUdeb^dXUecUbd_dXU4?C`b_]`d
