!"#$%&'$()*+,!-*+.*/0(,01,)2$,3)*/4,3)%$(5)2,*(6,7.4/+&)8,01,9*%5$,7&*'$)$%,32$*%,3).6:,&(,
;0'#0:&)$,<%&65$,;0(:)%.4/0(
!"
#$%&'()*+,&-+.
/(-.*%0%(%1!203*4(-&(-.*(56$41$-*(7$+1,-"(&8
/1!16'(9'0:*6%0-"
0'(;$6<$,(81,=,,2*'-(&8(-.*
6*>106*2*'-%(8&6(-.*(?*@6**(&8
A$%-*6(&8(B+0*'+*
/1!16'C(/,$!$2$
A$"(DC(EFGH
/;;6&:*4(!"
I$%%$'(/!!$%C(J.$06C(/%%0%-$'-(K6&8*%%&6(&8(B-61+-16$,(L'@0'**60'@
5M(L4(N$2*"C(K6&8*%%&6(L2*60-1%(&8(B-61+-16$,(L'@0'**60'@
N&!*6-(O$6'*%C(#$2*%(#M(A$,,*3(/%%&+0$-*(K6&8*%%&6(&8(B-61+-16$,(L'@0'**60'@
#M(A0+.$*,(B-$,,0'@%C(I*$4(&8(-.*(?*;$6-2*'-(&8(J0:0,(L'@0'**60'@
/!%-6$+-
( /('12!*6(&8(!604@*%(0'(-.*(9'0-*4(B-$-*%(+&'%0%-(&8(%-**,(@064*6%(P0-.(+&'+6*-*(4*+Q%(
$3$+.*4(:0$(%.*$6(%-14%(P.0+.(P0,,(6*>106*(6*;,$+*2*'-(0'(-.*(81-16*M((R0-.($(@6&P0'@(0'-*6*%-(
0'(6$;04(4*+Q(6*;,$+*2*'-(8&6(!604@*%($%(-.*('$<&'S%(0'86$%-61+-16*($@*%($'4(-6$T+(+&'@*%<&'(
+&'+*6'%(0'+6*$%*C(&'*(;&%%0!,*(2*$'%(-&($++*,*6$-*(-.*(6*;,$+*2*'-(;6&+*%%(0%(-.*(1%*(&8(,$6@*(
40$2*-*6C(GMEDU(%.*$6(%-14%C(P.0+.(P&1,4(6*41+*(-.*(-&-$,('12!*6(&8(%.*$6(+&''*+-&6%('**4*4M((
V.*(1%*(&8(-.*%*(%-14%(0%('&-($446*%%*4(0'(-.*(+166*'-(//BIVW(XN7?(O604@*(B;*+0=+$<&'%M((/'(
*Y;*602*'-$,(;6&+*416*(P$%(4*:*,&;*4(-&(+&2;$6$<:*,"(*:$,1$-*(-.*(%-6*'@-.($'4(41+<,0-"(&8(
GMEDU(40$2*-*6(%.*$6(%-14%(0'(-P&(+&'=@16$<&'%(-&(+&':*'<&'$,(%-14(%0Z*%C(0'(-.0%(+$%*([\]U(
40$2*-*6M((7,*Y16$,(%-6*'@-.(-*%<'@(P$%(+&'41+-*4(&'(8&16(!*$2%C(H^(8**-(0'(,*'@-.C(P0-.(
REGY^^(%-**,(%*+<&'%($+<'@(+&2;&%0-*,"(P0-.([U(-.0+QC(H(8**-(P04*(6*0'8&6+*4(+&'+6*-*(4*+Q%M((
V.*(6*%1,-%(0'40+$-*(-.$-($(6*41+*4('12!*6(&8(-.*%*(,$6@*(40$2*-*6(%-14%(4&(;6&:04*($4*>1$-*(
%-6*'@-.($'4(41+<,0-"(8&6(1%*(0'(+&2;&%0-*(!604@*(+&'%-61+<&'M((V.*(6*%*$6+.(0'40+$-*%(-.$-(
%-61+-16*%(P0-.(GMEDU(,$6@*(40$2*-*6(%.*$6(%-14%(2$"(!*(%$8*,"(4*%0@'*4(1%0'@(+166*'-(%-6*'@-.(
;6&:0%0&'%(&8(-.*(//BIVW(XN7?(O604@*(?*%0@'(B;*+0=+$<&'%M((
ii
/+Q'&P,*4@*2*'-%
( _(P0%.(-&(-.$'Q(2"($4:0%&6C(?6M(/!!$%C($'4($,,(2"(+&2203**(2*2!*6%(P.&%*($4:0+*($'4(
*Y-*'%0:*(-*+.'0+$,(*Y;*6<%*(P$%(0':$,1$!,*(0'(%1++*%%81,,"(+&2;,*<'@(-.0%(6*%*$6+.($'4(
*Y;$'40'@(2"(&P'(Q'&P,*4@*(&8(-.*(6*,$-*4(%1!`*+-(2$3*6M
( _(P&1,4($,%&(,0Q*(-&(@0:*(%;*+0$,(-.$'Q%(-&(1'4*6@6$41$-*(6*%*$6+.($%%0%-$'-(J$660*(70*,4C(
P.&(%;*'-(2$'"(.&16%(0'(-.*(,$!(4160'@(*Y;*602*'-$,(%*-1;($'4(-*%<'@(;*68&620'@(.0@.(>1$,0-"(
P&6Q($'4(!60'@0'@(0'(86*%.(;*6%;*+<:*%C(.*,;0'@(-&(&:*6+&2*(-.*('12*6&1%(+.$,,*'@*%(
*'+&1'-*6*4(4160'@(-*%<'@M
( /440<&'$,,"(_(P&1,4(,0Q*(-&(2*'<&'(/4$2(R0,Q0'%&'C(O0,,"(R0,%&'C(K$-60+Q(a022&'%C(
V6$:0%(O1@@C(?$:*(A$'-*C(?$'0*,(A1'40*C(aMJM(X**C($'4(*:*6"&'*(*,%*(P.&(2$4*((+&'-60!1<&'%(
-&(:$60&1%($%;*+-%(&8(-.0%(6*%*$6+.M
( _($2($,%&(-.$'Q81,(8&6(-.*(;*6%&'$,(%1;;&6-(@0:*'(-&(2*(!"(2"(;$6*'-%($'4(#*%%0+$(N04,*"(
$%(_(P&6Q*4(-&(='0%.(2"(6*%*$6+.(*b&6-%($'4(-.*%0%M
iii
V$!,*(&8(J&'-*'-%
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM/!%-6$+-( 00
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM/+Q'&P,*4@*2*'-%( 000
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMX0%-(&8(V$!,*%( :00
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMX0%-(&8(70@16*%( :000
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMX0%-(&8(B"2!&,%( Y0
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMJ.$;-*6(Gc(_'-6&41+<&'( G
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GMG(W:*6:0*P( G
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GME(A&<:$<&'( H
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GMH(W!`*+<:*%( D
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GM^(N*%*$6+.(V$%Q%( D
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GMD(B+&;*($'4(/;;6&$+.( d
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(GMd(V.*%0%(W6@$'0Z$<&'( d
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMJ.$;-*6(Ec(O$+Q@6&1'4($'4(X0-*6$-16*(N*:0*P( ]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(EMG(W:*6:0*P( ]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(EME(N*:0*P(&8(J166*'-(?*%0@'(K6&:0%0&'%( ]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(EMH(K6*:0&1%(N*%*$6+.( GE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMJ.$;-*6(Hc(V*%-(K6&@6$2($'4(K6&-&+&,( G]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HMG(W:*6:0*P( G]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HME(B;*+02*'(?*%0@'($'4(J&'=@16$<&'( G]
(
iv
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HMH(A$-*60$,(K6&;*6<*%( EE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HM^(B;*+02*'(7$!60+$<&'( Ed
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HMD(V*%-(B*-1;( HG
(
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HMd(_'%-612*'-$<&'( HD
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(HM[(X&$40'@(K6&-&+&,( ^G
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMJ.$;-*6(^c(N*%1,-%($'4(?$-$(/'$,"%0%( ^^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(^MG(W:*6:0*P( ^^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(^ME(e12*60+$,(B0@'(J&':*'<&'%( ^^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(^MH(K$6<$,(J&2;&%0-*(/+<&'(/'$,"%0%($'4(N*%1,-%( ^d
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(^M^(f1$,0-$<:*(W!%*6:$<&'%($'4(/'$,"%0%( DG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(^MD(e12*60+$,(N*%1,-%($'4(/'$,"%0%( d^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMJ.$;-*6(Dc(J&'+,1%0&'%($'4(N*+&22*'4$<&'%( ]D
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(DMG(W:*6:0*P( ]D
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(DME(J&'+,1%0&'%( ]D
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(DMH(?*%0@'(J&4*(N*+&22*'4$<&'%( ][
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(DM^(71-16*(N*%*$6+.(N*+&22*'4$<&'%( ][
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMN*8*6*'+*%( ]g
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM/;;*'40Y(Gc(A0,,(N*;&6-%( gG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/GMG(REGY^^(A0,,(V*%-(N*;&6-( gG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/GME([\]U(?0$2*-*6(B.*$6(B-14(A0,,(V*%-(N*;&6-( gE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/GMH(GMEDU(?0$2*-*6(B.*$6(B-14(A0,,(V*%-(N*;&6-( gd
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/GM^(N*!$6(A0,,(V*%-(N*;&6-( g]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( /;;*'40Y(Ec(/440<&'$,(J&'+6*-*(?$-$($'4(N*;&6-%( gg
v
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/EMG(J&'+6*-*(O$-+.(G(N*;&6-( gg
(
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/EME(J&'+6*-*(O$-+.(E(N*;&6-( GFF
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/EMH(J&2;,*-*(O$-+.(G(J",0'4*6(V*%-(?$-$( GFG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM( B*+<&'(/EM^(J&2;,*-*(O$-+.(E(J",0'4*6(V*%-(?$-$( GFE
(
vi
X0%-(&8(V$!,*%
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(HMHhGc(B-**,(J&2;&'*'-(A$-*60$,(K6&;*6<*%( EE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(HMHhEc(J&'+6*-*(J",0'4*6(V*%-(J&2;6*%%0&'(B-6*'@-.%( ED
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(HMHhHc(B-**,(J&2;&'*'-(A*$%16*4(?02*'%0&'%( Ed
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(HMHh^c(J&'+6*-*(?*+Q(A*$%16*4(?02*'%0&'%( Ed
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(HMHhDc(B.*$6(B-14(A*$%16*4(?0$2*-*6%( Ed
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(^MHhGc(B;*+02*'(J&'=@16$<&'%($'4(?*@6**(&8(J&2;&%0-*(/+<&'( ^g
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(^MHhEc(V.*&6*<+$,($'4(LY;*602*'-$,(A&2*'-(J$;$+0<*%( ^g
V$!,*(^MDhGc, MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMA04%;$'(?*i*+<&'%(P0-.([Fa($-(A04%;$'(jL,$%<+k( dd
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(^MDhEc(A04%;$'(?*i*+<&'%(9'4*6(K*$Q(/;;,0*4(A&2*'-( dd
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(^MDhHc(J121,$<:*(B,0;()$,1*%($-(K*$Q(/;;,0*4(A&2*'-( [F
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(/EMHhGc(J&2;,*-*(J",0'4*6(V*%-(?$-$(8&6(J&'+6*-*(O$-+.(G( GFF
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMV$!,*(/EM^hGc(J&2;,*-*(J",0'4*6(V*%-(?$-$(8&6(J&'+6*-*(O$-+.(E( GFG
vii
X0%-(&8(70@16*%
MMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(GMGhGc(/(;$06(&8(.*$4*4(%.*$6(%-14(+&''*+-&6%(P*,4*4(-&($(%-**,(i$'@*( E
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMEhGc(V6$'%:*6%*(+6&%%(%*+<&'(:0*P(&8(%;*+02*'(+&'=@16$<&'%( EF
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMEhEc(X&'@0-140'$,(+6&%%(%*+<&'(:0*P(&8(%;*+02*'(+&'=@16$<&'%( EG
70@16*(HM^hGc, MMMMMMMMMMMMMMMMMMMMMMMMMMM/(%-14(P*,40'@(@1'(P0-.(2&40=*4(+6$4,*(P*,4%($(,$6@*(40$2*-*6( E]
( %.*$6(%-14(-&(-.*(-&;(i$'@*(&8($(-*%-(%;*+02*'
MMMMMMMMMMMMMMM70@16*(HM^hEc((/(-";0+$,(.0@.(>1$,0-"(P*,4(&8($(,$6@*(40$2*-*6(%-14(&'($(-*%-(%;*+02*'( E]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HM^hHc(71,,"($%%*2!,*4(+&'+6*-*(8&62P&6Q( Eg
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HM^h^c(J$%<'@(&8(+&'+6*-*(4*+Q(86&2(&:*6.*$4(.&;;*6( HG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMDhGc(X&$4($;;,0+$<&'(%"%-*2(1'4*6($+-1$-&6( HE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMDhEc(N&,,*6(%1;;&6-($%%*2!,"($'4(%-$!0,0-"(!6$+0'@( HH
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMDhHc(K0'(%1;;&6-($%%*2!,"( H^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMDh^c(B1;;&6-(%-6$;(%$8*-"(%"%-*2( HD
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMdhGc(?6$P(P06*(:*6<+$,(40%;,$+*2*'-(%*'%&6( Hd
MMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMdhEc((?6$P(P06*C(,$%*6C($'4(;0%-&'(-";*(j;&%0<&'k(40%;,$+*2*'-(%*'%&6( (H[
( ,$"&1-
(
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMdhHc(K0%-&'(-";*(%*'%&6(P0-.(2&1'<'@(!,&+Q($'4(+&'-$+-(!,&+Q( H]
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMdh^c(X$%*6(40%;,$+*2*'-(%*'%&6($'4(-$6@*-( Hg
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HMdhDc(V";0+$,(%-6$0'(@$@*(+6&%%(%*+<&'(;$3*6'%( ^F
MMMMMMMMMMMMMMMMMMMMMMMMM70@16*(HM[hGc(X&$40'@(+&'=@16$<&'($'4(2&2*'-(41*(-&($;;,0*4(,&$4%(40$@6$2( ^E
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^hGc(O*$2(%;*+02*'(1'4*6(,&$4($-(204%;$'( D^
viii
MMMMMMMMMMMMMMMMM70@16*(^M^hEc(?*i*+<&'(&8(!*$2(%;*+02*'(1'4*6(,&$4($-(204%;$'($'4(>1$6-*6%;$'( DD
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^hHc(B-60$<&'%(:0%0!,*(0'(P*!(&8(%-**,(%*+<&'($-(204%;$'( Dd
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^h^c(7,$Q*%(&8(%168$+*(2$-*60$,(86&2(-.*(%-**,( D[
( %*+<&'($++121,$<'@(1'4*6(-.*(%;*+02*'
MMMMMMMMM70@16*(^M^hDc(V*'%0&'(+6$+Q%(8&620'@(0'(-.*(!&3&2(%04*(&8(-.*(+&'+6*-*(4*+Q($-(204%;$'( D]
MMMMMMMMMM70@16*(^M^hdc(J61%.0'@($-(-&;(&8(4*+Q($'4(+6$+Q0'@($-(!&3&2(&8(-.*(4*+Q(8&6(B;*+02*'(G( Dg
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^h[c(?*i*+-*4(%.$;*(&8(B;*+02*'(H($l*6(8$0,16*( dF
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^h]c(J&'+6*-*(4*+Q(8$0,16*(&8(B;*+02*'(E( dG
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^hgc(J&'+6*-*(4*+Q(8$0,16*(0'(B;*+02*'(H( dE
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^hGFc((J6$+Q0'@(0'(!&3&2(&8(4*+Q(8&6(B;*+02*'(^($l*6(8$0,16*( dH
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^M^hGGc(J61%.0'@(&8(+&'+6*-*(4*+Q(8&6(B;*+02*'(^($l*6(8$0,16*( dH
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhGc(K,&-(&8(A04%;$'(A&2*'-(:%M(A04%;$'()*6<+$,(?*i*+<&'( dD
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhEc(K,&-(&8(-.*(N$<&(&8(/;;,0*4(A04%;$'(A&2*'-(-&(V.*&6*<+$,(( d[
( A&2*'-(J$;$+0-"(:%M(-.*()*6<+$,(?*i*+<&'($-(A04%;$'
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhHc(K,&-(&8(A04%;$'(A&2*'-(:%M(J121,$<:*(B,$!(B,0;( dg
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDh^c(K,&-(&8(-.*(N$<&(&8(A&2*'-(-&(V.*&6*<+$,( [F
( A&2*'-(J$;$+0-"(:%M(J121,$<:*(B,$!(B,0;
MMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhDc(K,&-(&8(A*$%16*4(B,0;(:%(?0%-$'+*(/,&'@(-.*(O*$2(P0-.([F(a($-(( [E
( A04%;$'($'4(L,$%<+(O*.$:0&6
MMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhdc(K,&-(&8(A*$%16*4(B,0;(:%(?0%-$'+*(/,&'@(-.*(O*$2($-(K*$Q(A&2*'-( [H
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDh[c(K,&-(&8(B-14(B,0;(:%(?0%-$'+*(/,&'@(O*$2(P0-.([F(a($-( [d
( A04%;$'($'4(L,$%<+(O*.$:0&6(8&6(B;*+02*'%(G($'4(E
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDh]c(K,&-(&8(B-14(B,0;(:%(?0%-$'+*(/,&'@(O*$2(P0-.([F(a($-( [[
( A04%;$'($'4(L,$%<+(O*.$:0&6(8&6(B;*+02*'%(H($'4(^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhgc(K,&-(&8(B-14(B,0;(:%(?0%-$'+*(/,&'@(O*$2($-(K*$Q(/;;,0*4( []
( A&2*'-(8&6(B;*+02*'%(G($'4(E
ix
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhGFc(K,&-(&8(B-14(B,0;(:%(?0%-$'+*(/,&'@(O*$2($-(K*$Q(/;;,0*4( [g
( A&2*'-(8&6(B;*+02*'%(H($'4(^
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhGGc(H\]-.(%;$'(%-6$0'(;6&=,*(P0-.([F(a($-(204%;$'( ]G
MMMMMMMMMMMMMMMMMMMMMMM70@16*(^MDhGEc(H\]-.(%;$'(%-6$0'(;6&=,*(1'4*6(;*$Q($;;,0*4(2&2*'-($-(204%;$'( ]H
x
X0%-(&8(B"2!&,%
( ( m(-.*(4*;-.(&8(-.*(*>10:$,*'-(%-6*%%(!,&+Q(0'(-.*(+&'+6*-*(4*+Q
( ( m(%.*$6(%-14(+6&%%(%*+<&'$,($6*$
( ( m(P04-.(&8(-.*(%-**,(-&;(i$'@*
( ( m(P04-.(&8(-.*(%-**,(!&3&2(i$'@*
( ( m(*b*+<:*(P04-.(&8(-.*(+&'+6*-*(4*+Q
( ( m(V.*(40%-$'+*(86&2(-.*(+*'-6&04(&8(-.*(+&2;6*%%0:*(8&6+*(0'(-.*(+&'+6*-*(
( ( 4*+Q(-&(-.*(-&;(&8(-.*(%-**,(%*+<&'
( ( m(V.*(40%-$'+*(86&2(-.*(+*'-6&04(&8(-.*(+&2;6*%%0:*(8&6+*(0'(-.*(%-**,(
( ( %*+<&'(-&(-.*(-&;(&8(-.*(%-**,(%*+<&'
( ( m(V.*(40%-$'+*(86&2(-.*(+*'-6&04(&8(-.*(%-**,(%*+<&'(-&(-.*(-&;(&8(-.*(
( ( %-**,(%*+<&'
( ( m(4*;-.(&8(-.*(%-**,(%*+<&'(P*!
( ( m(-.*(2$Y0212(,&'@0-140'$,(8&6+*(+$660*4(!"(-.*(4*+Q(8&6($(;$6<$,,"(+&2;&%0-*(
( ( !*$2
( ( m(*,$%<+(2&41,1%(&8(+&'+6*-*
( ( m(+&2;6*%%0:*(%-6*'@-.(&8(-.*(+&'+6*-*
( ( m(-&-$,(6$40$,(8&6+*(0'(-.*(+&'+6*-*(4*+Q($-(;&0'-(&8(2$Y0212(,0:*(,&$4(;,1%(
( ( 02;$+-(2&2*'-
( ( m(-*'%0,*(%-6*'@-.(&8(%.*$6(%-14
( ( m("0*,4(%-6*%%(&8(-.*(%-**,(-&;(i$'@*
xi
( ( m("0*,4(%-6*%%(&8(-.*(%-**,(!&3&2(i$'@*
( ( m("0*,4(%-6*%%(&8(-.*(%-**,(P*!
( ( m(40%-$'+*($,&'@(@064*6(86&2(-.*(;&0'-(&8(2$Y0212(2&2*'-(41*(-&(,0:*(,&$4(;,1%(
( ( 02;$+-(-&(-.*(;&0'-(&8(Z*6&(2&2*'-
( ( m(i*Y16$,(+$;$+0-"(&8(-.*(+&2;&%0-*(!*$2
( ( m(20'0212('12!*6(&8(%.*$6(%-14%(6*>106*4(!*-P**'(-.*(;&0'-(&8(2$Y0212(,0:*(
( ( ,&$4(2&2*'-(P0-.(02;$+-($'4(-.*($4`$+*'-(;&0'-(&8(Z*6&(2&2*'-
( m(-.*('12!*6(&8(%.*$6(%-14%(;6&:04*4(!*-P**'(-.*(;&0'-(&8(2$Y0212(,0:*(
( ,&$4(2&2*'-(P0-.(02;$+-($'4(-.*($4`$+*'-(;&0'-(&8(Z*6&(2&2*'-
( ( m(-&-$,('&20'$,(%.*$6(8&6+*(
( ( m(&'*(&8(-P&(,020<'@(:$,1*%(8&6(-.*(-&-$,(,&'@0-140'$,(8&6+*(0'(-.*(+&'+6*-*(4*+Q(
( ( 41*(-&((,0:*(,&$4(;,1%(02;$+-
( ( m(&'*(&8(-P&(,020<'@(:$,1*%(8&6(-.*(-&-$,(,&'@0-140'$,(8&6+*(0'(-.*(+&'+6*-*(4*+Q(
( ( 41*(-&((,0:*(,&$4(;,1%(02;$+-
( ( m(-&-$,(,&'@0-140'$,(8&6+*(0'(-.*(+&'+6*-*(4*+Q(41*(-&(,0:*(,&$4(;,1%(02;$+-
( ( m('&20'$,(%.*$6(6*%0%-$'+*(&8($'(0'40:041$,(%.*$6(%-14
( ( m((8$+-&6*4(%.*$6(6*%0%-$'+*(&8($'(0'40:041$,(%.*$6(%-14
( ( m(20'0212(@064*6(6$401%(&:*6(-.*(,*'@-.(1'4*6(+&'%04*6$<&'
( ( m(-.0+Q'*%%(&8(-.*(%-**,(-&;(i$'@*
( ( m(-.0+Q'*%%(&8(-.*(%-**,(!&3&2(i$'@*
( ( m(-.0+Q'*%%(&8(-.*(+&'+6*-*(4*+Q
xii
( ( m(-.0+Q'*%%(&8(-.*(%-**,(P*!
( ( m(6*%0%-$'+*(8$+-&6(8&6(%.*$6(%-14%
xiii
!"#$%&'()*(+,%'-./01-,
)2)(34&'45&6
( 7%&&8("59"6#:(;'5.9&<(%-.#:(#'&(=-<%(0-==-,8:(;/58%(65%"(#(0-,0'&%&(.&0>(-,(%-$(-?(%"&(
<%&&8(95'.&'<(#,.(#'&(%:$50#88:(.&<59,&.(%-(#0%(0-=$-<5%&8:(65%"(%"&(0-,0'&%&(.&0>2((@"5<(
0-=$-<5%&(<%:8&(.&<59,(=,<(%"#%(%"&(%6-(<:<%&=A(#'&(
.&<59,&.(%-(#0%(%-9&%"&'(/,.&'(8-#.5,92((@"5<(.&<59,(<%:8&(8.<(%-(=-'&(&B05&,%(;'5.9&(.&<59,<(
#<(5%(&,#;8&<(%"&((<%&&8(95'.&'<(%-(#0%($'5=#'58:(5,(%&,<5-,(/,.&'(=-<%(8-#.5,9(0-,.51-,<(6"58&(
%"&(0-,0'&%&(#0%<(5,(0-=$'&<<5-,(/,.&'(=-<%(8-#.5,9(0-,.51-,(#,.(<%&&8(95'.&'<(5<('&C/5'&.2((@"5<(0-,,&01-,(5<(
#0"5&4&.(/<5,9(6"#%(#'&(=-<%(0-==-,8:(0#88&.(<"'(0-,,&0%-'(5<(0#<%A(%"&(
".(#,.(<"#H(-?(%"&(<"'(<%/.(;&0-=&(&=;&..&.(5,(%"&(0-,0'&%&2((@"&(<%#,.#'.(<5I&(?-'(
%"&<&(%:$&<(-?(0-,,&0%-'<(5<()J(-'(<=#88&'(5,(<"#H(.5#=&%&'(65%"(KLMJ(#,.(NLOJ(.5#=&%&'(<%/.<(
=-<%(0-==-,8:(/<&.2(
( (@-(#0"5&4&(%"&('&C/5'&.(0-,,&01-,(<%'&,9%"(;&%6&&,(%"&(0-,0'&%&(#,.(<%&&8(<&01-,('&5,?-'0&=&,%2((7"'(<%/.<("#4&(;&&,(>,-6,(%-($-<&(#(%'5$$5,9("#I#'.(%-(;'5.9&(
6-'>&'<(5,(%"&(W&8.A(<-("#45,9(?&6&'(-?(%"&=(<"-/8.('&./0&(%"&('5<>(-?(%"5<(%:$&(-?(#005.&,%2((+?(#(
.&0>(0-,<%'/0%&.(65%"(%"&<&(8#'9&(.5#=&%&'(<%/.<(,&&.<(%-(;&('&$8#0&.A(%"&'&(#'&(?&6&'(<%/.<(
6"50"(=/<%(;&('&=-4&.2((X&<$5%&(%"&<&(#.4#,%#9&(-?('&<'0"(#,.(5,?-'=#1-,(-,(%"&(
$&'?-'=#,0&(-?(%"&<&(8#'9&(.5#=&%&'(<%/.<(5,(0-=$-<5%&(;'5.9&(0-,<%'/01-,2
)2T(^-14#1-,(
( +,(%"&(_,5%&.(7%#%&5,9(
-'.&'(#,.('&$8#05,9(-,8:(%"&(;'5.9&(.&0>2((`4&,(#(.&0>('&$8#0&=&,%(<188(%#>&<(1=&(#,.(?-'0&<(#%(
8<%($#'1#8(<"/%.-6,<(-?(=#P-'('-#.6#:(%'#B0(8#,&('&$8#0&=&,%(5<(-H&,($#'#=-/,%2((
( +,(%"&(0#<&(-?(0-=$-<5%&(;'5.9&A(-H&,("/,.'&.<(-'(&4&,(%"-/<#,.<(-?(<"'(<%/.(
0-,,&0%-'<(=/<%(;&(#D#0"&.(;:(#(<%/.(6&8.5,9(9/,(-,%-(#(<%&&8($&'<%'/0%/'&(#H&'(%"&(-8.(
3
.&0>(5<('&=-4&.2((Y&./05,9(%"&(,/=;&'(-?(<%/.<('&C/5'&.(6-/8.(8-6&'(%"&(#=-/,%(-?(1=&(
'&C/5'&.(%-(#$$8:(<"'(0-,,&0%-'<(6"50"(5,(%/',(6-/8.('&./0&(%"&(-4&'#88(1=&('&C/5'&.(%-(
'&$8#0&(#(;'5.9&(.&0>2((@-(?#0585%#%&(%"&(/<&(-?(?&6&'(<%/.(0-,./0%&.(#%(R/;/',(_,54&'<5%:(;:(^/,.5&([T\))]("#<(4&'5W&.(%"&(?#19/&(
$&'?-'=#,0&(-?(%"&(<%/.<(0-,W'=5,9(%"#%(%"&:(<#?&8:(=&&%(%"&(0/''&,%(RR7@V3(<$&05W0#1-,<2(
@"5<(6-'>(#5=<(%-(&<%#;85<"(%"&(<%'&,9%"(#,.(./0185%:($&'?-'=#,0&(-?(8#'9&(.5#=&%&'(<"'(<%/.<(
4
5,(0-=$-<5%&(;'5.9&(0-,<%'/01-,(#,.(0-,W'=(%"&5'(0-=$#1;585%:(65%"(0/''&,%(RR7V@3(
<$&05W0#1-,<(?-'("59"6#:(;'5.9&<(-'(#8%&',#14&8:(99&<%(,&6(.&<59,(<$&05W0#1-,&:(-;P&014&<*
)] `S$&'5=&,%#88:(&4#8/#%&(%"&(<%'&,9%"(#,.(./0185%:(-?(8#'9&(.5#=&%&'(<"'(<%/.<(/<&.(5,(%"&(
0-,<%'/01-,(-?(0-=$-<5%&(;'5.9&(<%'/0%/'&<2((
T] Z#<&.(/$-,(&S$&'5=&,%#8('&8%<
( +,(-'.&'(%-(0#'':(-/%(%"5<('&<'0"A(<&4&'#8(%#<><("#.(%-(;&($&'?-'=&.(%-(&,'&(
?/8W88=&,%(-?(%"&('&<'0"(-;P&014&<2((@"&<&(%#<><(#'&(85<%&.(;&8-6(5,(%"&(-'.&'(5,(6"50"(%"&(
%#<><(6&'&(;&9/,(;/%(,-%(,&0&<<#'58:(0-=$8&%&.*
)] +.&,1?:('&<'0"(#'(-?(5,%&'&<%
T] Y&45&6(&S5<1,9(.&<59,(<$&05W0#1-,9'-/,.(
-,(8#'9&(.5#=&%&'(<"'(<%/.<(#,.(0-=$-<5%&(;'5.9&(0-,<%'/01-,A('&45&6<(&S5<1,9(<%'&,9%"(
6
.&<59,($'-45<5-,<(-?(RR7V@3([T\)\]A(#,.(%"&,(&S#=5,&<($'&45-/<(>&:('&<'0"($&'?-'=&.(%-(
.#%&(-,(%"&(%-$502((!"#$%&'(K(=-4&<(5,%-(%"&(.&%#58<(-?(%"&(%&<1,9($'-9'#=(/<&.(?-'(%"5<(
'&<'0"2((+%(.5<0/<<&<(%"&(.&<59,A(?#;'50#1-,A(#,.(5,<%'/=&,%#1-,(-?(%&<%(<$&05=&,,-68&.9&(;#<&(?-'(8#'9&(.5#=&%&'(<"'(<%/.<(/<&.(5,(0-=$-<5%&(;'5.9&(
0-,<%'/01-,2
7
!"#$%&'(T*(Z#0>9'-/,.(#,.(Q5%&'#%/'&(Y&45&6
T2)(34&'45&6
( `S%&,<54&('&<'0"("#<(;&&,(0-,./0%&.(-,(%"&(<%'&,9%"(-?(<"'(<%/.<2((@"5<('&<'0"(
"#<(8.(%-(%"&($'&<&,%(.&<59,(0'5%&'5#(5,(RR7V@3([T\)\](#,.(5,(-%"&'(<%#,.#'.<(6-'8.65.&2((@"5<(
<&01-,(?-0/<&<(-,($'-45.5,9(#(;#<50(/,.&'<%#,.5,9(-?(%"&(0/''&,%(<%'&,9%"($'-45<5-,<(5,(RR7V@3(
[T\)\](#,.(%"&('&8#14&8:(85=5%&.('&<'0"(.-,&(%"/<(?#'(-,(%"&(%-$50(-?(%"&(<%'&,9%"(-?(8#'9&(
.5#=&%&'(<"'(<%/.<(#,.(%&<1,9(-?(?/88(<0#8&(0-=$-<5%&(<$&05=&,<2
T2T(Y&45&6(-?(!/''&,%(X&<59,(c'-45<5-,<
( @"5<('&<'0"(?-0/<&<(-,(&4#8/#1,9(%"&($'-45<5-,<(5,(RR7V@3([T\)\](#,.(%"&5'(
#$$850#;585%:(%-(<%#10(<%'&,9%"(.&<59,(-?(8#'9&(.5#=&%&'(<%/.<2((3%"&'('&<'0"(0"(#<(%"#%(;:(
7"5=A(Q&&A(#,.(e--,([T\\M](6"50"(5<(.5<0/<<&.(5,(=-'&(.&%#58(5,(%"&(,&S%(<&01-,("#<(&4#8/#%&.(
%"&($'-45<5-,<(-?(-%"&'(5,%&',#1-,#8(.&<59,(0-.&<(0"(#<(`/'-0-.&(M2
( @"&($'-45<5-,<(-?(5,%&'&<%(?-'(RR7V@3([T\)\](;&95,(5,(<&01-,(d2)\2)\2M2((+,(%"5<(<&01-,A(
%"&(?#0%-'&.(<"'('&<5<%#,0&(-?(#(<5,98&(<"'(0-,,&0%-'(5<(.&W,&.(5,(&C/#1-,(d2)\2)\2M2)F)*
( ((((((((((((((((((([`f(T2TF)](((((
6"&'&*
( g(@"&('&<5<%#,0&(?#0%-'(?-'(<"'(0-,,&0%-'<(<$&05W&.(#<(\2OU(5,(<&01-,(d2U2M2T
8
( g(@"&(,-=5,#8(<"'('&<5<%#,0&(-?(#,(5,.545./#8(0-,,&0%-'(6"50"(5<(.&W,&.(5,(#'108&(
( d2)\2)\2M2K
@"&(,-=5,#8(<"'('&<5<%#,0&(-?(#,(5,.545./#8(<"'(<%/.(5<(.&W,&.(5,(RR7V@3([T\)\](#00-'.5,9(
%-(`C/#1-,(d2)\2)\2M2KFT(#<(*
( ([`f(T2TFT]
6"&'&*
( g(@"&(0'-<<(<&01-,#8(#'(-?(%"&(5,.545./#8(<"'(0-,,&0%-'([(#%(%"&($-5,%(-?(=#S5=/=(=-=&,%(
( ./&(%-(854&(8-#.(65%"(5=$#0%(#<(.&W,&.(;:(%"&(8&<<&'(-?(`C/#1-,<(d2)\2)\2M2TFT(#,.(
( d2)\2)\2M2TFK(
( g(@"&(%-%#8('#.5#8(?-'0&(5,(%"&(0-,0'&%&(.&0>(#%(%"&($-5,%(-?(=#S5=/=(854&(8-#.($8/<(
( 5=$#0%(=-=&,%(#<(.&W,&.(;:(`C/#1-,(d2)\2)\2M2TFM
@"&(%6-(0-,%'-885,9(4#8/&<(?-'(%"&(%-%#8(8-,95%/.5,#8(?-'0&(5,(%"&(.&0>(#00-'.5,9(%-(RR7V@3(
[T\)\](&C/#1-,<(d2)\2)\2M2TFT(#,.(d2)\2)\2M2TFK(#'&(954&,(;&8-62((@"&(=5,5=/=(4#8/&(954&,(;:(
%"&(%6-(&C/#1-,<(5<(/<&.(#<(%"&(%-%#8(8-,95%/.5,#8(.&0>(?-'0&2((@"&(W'<%(&C/#1-,(08'8:(85=5%<(
%"&(8-,95%/.5,#8(?-'0&(;#<&.(-,(%"&(0#$#05%:(-?(%"&(0-,0'&%&(.&0>(6"58&(%"&(<&0-,.(&C/#1-,(
85=5%<(%"&(8-,95%/.5,#8(?-'0&(;#<&.(-,(%"&(0#$#05%:(-?(%"&(<%&&8(<&01-,2((@"&(&C/#1-,<(#'&*
10
( (((((((((((((((((((( ((((((([`f(T2TFU]
((( ( ((((([`f(T2TFd]
6"&'&*
( g(@"&(&b&014&(65.%"(-?(%"&(0-,0'&%&(.&0>([5,]
( g(@"&(%"50>,&<<(-?(%"&(0-,0'&%&(.&0>([5,]
#,.
( g(@"&(:5&8.(<%'&<<(-?(%"&(6&;(-?(%"&(<%&&8(<&01-,
( g(@"&(.&$%"(-?(6&;(-?(%"&(<%&&8(<&01-,
( g(@"&(%"50>,&<<(-?(%"&(6&;(-?(%"&(<%&&8(<&01-,
( g(@"&(:5&8.(<%'&<<(-?(%"&(;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,
( g(@"&(65.%"(-?(%"&(;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,
( g(@"&(%"50>,&<<(-?(%"&(;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,
( g(@"&(:5&8.(<%'&<<(-?(%"&(<%&&8(<&01-,(%-$(E#,9&
( g(@"&(65.%"(-?(%"&(%-$(E#,9&(-?(%"&(<%&&8(<&01-,
( g(@"&(%"50>,&<<(-?(%"&(%-$(E#,9&(-?(%"&(<%&&8(<&01-,
11
@"&('#.5#8(?-'0&(&C/#1-,(954&,(5,(d2)\2)\2M2TFM(-?(RR7V@3([T\)\]((?-'(%"&(0-,0'&%&(.&0>(5<(
;#<&.(/$-,(%"&(8-,95%/.5,#8(?-'0&(5,(%"&(.&0>(#,.(5<(954&,(;:*
(( ((( [`f(T2TFN]
6"&'&*
( g(@"&(.5<%#,0&(?'-=(%"&(&,.(-?(%"&(95'.&'(%-(%"&($-5,%(-?(=#S5=/=(=-=&,%(?'-=(854&(
( 8-#.(65%"(5=$#0%
( g(@"&(=5,5=/=('#.5/<(-?(%"&(95'.&'(8-0#%&.(65%"5,(%"&(8&,9%"(( (/,.&'(0-,<5.&'#1-,
!-88&014&8:(%"&<&(&C/#1-,<(?'-=(RR7V@3([T\)\](0-,%'-8(%"&(<%'&,9%"(.&<59,(-?(<"'(
0-,,&0%-'<(?-'(/<&(5,(0-=$-<5%&(;'5.9&<2((@"&(>&:(#<=$1-,(-?(%"&(.&<59,($"58-<-$":(
5=$8&=&,%&.(;:(RR7V@3(5<(%"&(5.(%"#%(%"&(<"'(0-,,&0%-'<("#4&((
'&8#14&(%-(%"&(<%&&8(<&01-,2((R..51-,#88:A(5%(6#<(0-,08/.&.(%"#%(%"&(-4&'#88(;=(.&E&01-,(6#<(
,-%(<59,5W0#,%8:("59"&'(5,(0-=$-<5%&(;=<(6"50"(&S$&'5&,0&.(9'%&'(<85$2(
( @"5<('&<'0"($'-45.&.(.&<59,('&0-==&,.#1-,<(6"50"(&b&014&8:(;&0#=&(%"&(;#<5<(-?(
0/''&,%(RR7V@3([T\)\](<%'&,9%"(.&<59,($'-45<5-,<(?-'(<"'(<%/.<2((V-6&4&'A(%"&(8#'9&<%(".&.(
<%/.(%&<%&.(#<($#'%(-?(%"5<(%&<1,9($'-9'#=(6#<(KLMJ(.5#=&%&'2((@"&('&<'0"&'<(,-%&(%"#%(5%(
#$$'&.(5,(<$&05=&,<(65%"(8#'9&'(.5#=&%&'(<%/.<([KLMJ(#<(-$$-<&.(%-()LTJ(.5#=&%&'](A(%"#%(%"&(
0-,0'&%&(&S$&'5&,0&.(=-'&(8-0#85I&.(.#=#9&A($-<<5;8:(6>&,5,9(%"&(;=<2((@"5('&$8#0&=&,%A(<-=&('&<'0"("#<(;&9/,(%-(5,4&<19#%&(8#'9&(.5#=&%&'(<"'(<%/.<2((+,(T\\TA(
Z#..5&A(@#.'-&.(#%(=#%&'5#8($'-$&'1&<(?-'(4#'5-/<(<%/.(
=#%&'5#8<(#,.(0-,08/.&.(%"#%(%"-<&(/<&.(?-'(-%"&'(<%/.<(6&'&(5%#;8&(?-'(/<&(5,(8#'9&(.5#=&%&'(
<%/.<2((
( @"&('&<'0"&'<($&'?-'=&.(%6&,%:($/<"F-/%(%:$&(%&<%<(?-'(/81=#%&(<%'&,9%"(%&<1,9A(
%6&,%:FW4&($/<"F-/%(%:$&(%&<%<(?-'(?#19/&(<%'&,9%"(%&<1,9A(-,&(;=(?#19/&(%&<%(5,(E&S/'&A((
#,.(%"&,(&S#=5,&.(-,&(?/88(<0#8&(5=$8&=&,%#1-,(-?(%"&(8#'9&(.5#=&%&'(<%/.<(5,(#(;'5.9&(
<%'/0%/'&2((+,(%"&5'(<%'&,9%"(%&<1,9('&95=&A(%"&(<$&05=&,<(6&'&(;'->&,(.-6,(5,%-(?-/'(9'-/$#(X&$#'%=&,%(-?(@'#,<$-'%#1-,A(
65%"(%6-(<$#,<("#45,9(8#'9&(.5#=&%&'(<%/.<2((_,.&'(#(%"'&&(#S8&(./=$(%'/0>(8-#.A(,-(.5b&'&,0&(
5,(.&E&01-,A(-'(0'#0>5,9(%&,.&,05&<(6&'&(<"-6,(;&%6&&,(%"&(<$#,(/<5,9(%'#.51-,#8(<%/.<(#<(
14
0-=$#'&.(%-(%"&(%6-(/<5,9(8#'9&(.5#=&%&'(<"'(<%/.<2((G/'%"&'A(%"&('&<'0"&'<(,-%&(%"#%(%"&:(
'&0&54&.(0-==&,%<(?'-=(%"&(0-,%'#0%-'(5,.50#1,9(%"#%(%"&($'&<&,0&(-?(?&6&'(<%/.<(-,(%"&(
95'.&'(5,0'<&.(%"&(<#?&%:(?-'(6-'>&'<2((
( @"&(W,#8(0-,08/<5-,(-?(%"&('&<'0"&'<(6#<(%"#%(%"&(RR7V@3(QYGX($'-45<5-,<(-?()iiO(
0-/8.(;&(/<&.(%-(<#?&8:(.&<59,(8#'9&(.5#=&%&'(<%/.<(#,.(%"#%(%"&(<%/.<(6&'&(#;8&(%-(#0"5&4&(%"&(
9-#8<(-?('&./05,9(%"&(,/=;&'(-?(<%/.<('&C/5'&.(%-(#0"5&4&(0-=$-<5%&(#01-,(6"58&('&./05,9(
0-,<%'/01-,(1=&(#,.(5,0'<5,9(<#?&%:2((R..51-,#88:A(%"&(=#%&'5#8<(/<&.(#,.(6&8.5,9(
%&0",5C/&<(5,($'#010&($'-45.&(?-'((8-#.(6#<(-;%#5,&.A(%"&(8#'9&(.5#=&%&'(<"'(<%/.<(#$$'&.(%-(&S"5;5%(8&<<(
./0185%:((%"#,(<%#,.#'.(.5#=&%&'(<%/.<2((7"5=(#8<-(0-,08/.&.(%"#%(<#1#0%-':(6&8.(C/#85%:(
0-/8.(;&(-;%#5,&.(?-'(8#'9&(.5#=&%&'(<"'(<%/.<(65%"(=5,-'(=-.5W0#1-,<(%-(&S5<1,9(#/%-=#10(
15
6&8.5,9(&C/5$=&,%2((@"&(6&8.(<&j,9<(5,.50#%&.(%-($'-45.&(9--.(C/#85%:(6&8.<(6&'&(TT\\(#=$<(
?-'(TU(#,.(TN(==(<%/.<(#,.(TM\\(#=$<(?-'(K\(==(<%/.<2((@"&(6&8.(./'#1-,(/<&.(5,("(0#<&(
6#<()2K(<&0-,.<2
(
Q&&A(7"5=A(#,.(!"#,9([T\\U]
( +,(T\\U(Q&&A(7"5=A(#,.(!"#,9($&'?-'=&.(#..51-,#8('&<'0"(-,(8#'9&(.5#=&%&'(<"'(
<%/.<2((+,(%"5<(&S$&'5=&,%A(%"&(<#=&(%"'&&(<%/.(<5I&<(#<(/<&.($'&45-/<8:(;:(7"5=A(Q&&A(#,.(e--,(
[T\\M](?-'($/<"F-/%(<$&05=&,(%&<1,9A(TUA(TNA(#,.(K\(==([(\2iOA()2\dA(#,.()2)O5,2](.5#=&%&'A(
6&'&(/<&.(#9#5,2((@"5<(%&<1,9($'-9'#=(0-,<5<%&.(-?(,5,&($/<"F-/%(<$&05=&,<(/<&.(?-'(<%#10(
<%'&,9%"(%&<1,92((R..51-,#88:A(%"'&&(0-=$-<5%&(;=(<$&05=&,<(6&'&(?#;'50#%&.A(-,&(?-'("(
<5I&(<%/.(5,(%"&(%&<1,9($'-9'#=2((@"&(;=<(6&'&(.&<59,&.(%-("#4&(#$$'-S5=#%&8:(KOa($#'1#8(
0-=$-<5%&(#01-,2((@"&(%-$(E#,9&<(-?(%"&(<$&05=&,<(6&'&(9'<&.(%-(=5,5=5I&(?'501-,#8(
;-,.5,9(#%(%"&(<%&&8(%-(0-,0'&%&(5,%&'?#0&2((h&8.(0-,.51-,<(6&'&(#8<-(%"&(<#=&(#<(%"-<&(
$'&45-/<8:(/<&.(;:(7"5=A(Q&&(#,.(e--,([T\\M](65%"(TM\\(#=$<(#%()2K(<&0-,.<(/<&.(?-'(6&8.5,9(
%"&(8#'9&(.5#=&%&'(<%/.<2((
( @"&(8-#.5,9(-?(%"&(;=(%&<%<(6#<($&'?-'=&.(#%(=5.<$#,(5,(<&4&,(<%&$<2(((@&<1,9(
5,.50#%&.(%"#%(.&<$5%&(.5b&'&,0&<(5,(%"&(.5#=&%&'(#,.(.5<%'5;/1-,(-?(<%/.&:($'-P&0%(0-,<%'#5,%<(6&'&(%"&(#4#58#;8&(8#;(
<$#0&(#,.(%"&(0#$#05%:(-?(%"&(":.'#/850(8-#.5,9(<:<%&=2((@"&(<$&05=&,(.&<59,<(<&8&0%&.(6&'&(
%#'9&%&.(%-(;&(#<(8#'9&(#,.('&$'&<&,%#14&(-?(#,(#0%/#8(;'5.9&(<%'/0%/'&(#<($-<<5;8&(6"58&(<188(
<#1(/,.&'(/81=#%&(8-#.5,92((@"&(<$&05=&,(
.&<59,<(%-(?-88-6(6&'&(0-,W9/'&.(%-(<#1(#,.(/,5?-'=(<$#05,9(#,.(#(0-=$-<5%&(;=(65%"(
$'&0#<%(.&0>($#,&8<(65%"(.5<0'&%&($-0>&%<(-?(<"'(<%/.<2((R88(8#'9&(.5#=&%&'(<%/.<(6&'&(<"-%(
-,%-(%"&(0&,%&'(-?(%"&(%-$(E#,9&(%-(<#1,&<<('&C/5'&=&,%(?-'(%"&(<%/.(6&8.5,9(
$'-0&<<2((
( (@"&('&=#5,5,9(%6-(<$&05=&,<(?%/'&.(NLOJ(.5#=&%&'(<%/.<2((@"5<(<5I&(6#<(0"-<&,(#<(
%"&(0-=;5,&.(0'-<<(<&01-,#8(#'(-?(%6-(NLOJ(.5#=&%&'(<%/.<(5<(&b&014&8:(%"&(<#=&(0'-<<(
<&01-,#8(#'(-?(#(<5,98&()2TUJ(.5#=&%&'(<"'(<%/.(#,.(NLOJ(5<(-,&(-?(%"&(=-'&(0-==-,8:(/<&.(
<%#,.#'.(.5#=&%&'(<%/.(<5I&<2((G-'(%"&(;=<(65%"(%"&(NLOJ(.5#=&%&'(<%/.(;'5,9(<1b&,&'<(6&8.&.(-,(;-%"(<5.&<(#%(#88('-,(8-0#1-,<(#,.(%"&5'(
0-''&<$-,.5,9(8-0#1-,<(5,(/,8-#.&.('&95-,A(KdJ(
65.&(0-,0'&%&(.&0>(0#<%(-4&'(%"&(8&,9%"(-?(%"&(<%&&8(;=(&S0&$%(?-'(#(dJ('&95-,(#%("(&,.(-?(
%"&(;=(%-(=#5,%#5,(#00&<<(%-(85H5,9("-8&<(8-0#%&.(5,(%"&(<%&&8(<&01-,(%-$(E#,9&2((@"&(
'&5,?-'0&=&,%($#D&',(6#<(0-,<5<%&,%(?-'(#88(<$&05=&,<(#,.(6#<(0-=$'5<&.(-?(?-/'(nM(;-D-=(
21
;#'<('/,,5,9(%"&(?/88(8&,9%"(-?(%"&(;=(8-,95%/.5,#88:(65%"()2UJ(-?(08'(0-4&'(#,.(?-/'(nM(%-$(
;#'<('/,,5,9(%"&(?/88(8&,9%"(-?(%"&(;=(8-,95%/.5,#88:(65%"(TJ(-?(08'(0-4&'2((@"&(%-$(#,.(
;-D-=(;#'<(6&'&(&,08-<&.(5,(nM(<1''/$<(<$#0&.(/,5?-'=8:(-,(OJ(-,(0&,%&'2((R88('&5,?-'0&=&,%(
6#<(m'#.&(d\('&;#'2((@"&(-4&'#88(8#:-/%(-?(%"&(<$&05=&,<(=#:(;&(<&&,(#;-4&(5,(G59/'&<(K2TF)(
#,.(K2TFT2
K2K(^#%&'5#8(c'-$&'1&<
( @-($'-$&'8:(/,.&'<%#,.(%"&(;&"#45-'(#,.($&'?-'=#,0&(-?(%"&(%&<%(<$&05=&,<(#(,/=;&'(
-?(=#%&'5#8($'-$&'1&<(#,.(.5=&,<5-,<(6&'&('&C/5'&.2((G-'(%"&(<%&&8(0-=$-,&,%<(-?(%"&(%&<%(
<$&05=&,&:(=#%&'5#8(0"#'#0%&'5<10<(-?("(-?(%"-<&(0-=$-,&,%<2(
@#;8&(K2KF)($'-45.&<(#(==#':(-?(%"&(>&:(4#8/&<(-;%#5,&.(?'-=(=#%&'5#8(%&<1,9(-,(%"&(<%&&8(
0-=$-,&,%<2((
./01&',),*(+'23&&1'456758&83'9/3&%"/1':%57&%;&<
7%&&8(!-=$-,&,% R4&'#9&(e5&8.(7%'&,9%"
[><5]
R4&'#9&(_81=#%&(
7%'&,9%"([><5]
h(T)(S(MM(Z= UO NT2U
NLOo(X5#=&%&'(7%/. UT dU2O
)2TUo(X5#=&%&'(7%/. NN OU
nM(Y&;#' di2K )\d2T
22
( @"&(<%&&8(65.&(E#,9&.(;=(6#<(#(<%#,.#'.('-88&.(hT)SMM(<&01-,($'-./0&.(;:(G#;F
R'02((@"&(0&'1W&.(=588(%&<%('&$-'%($'-45.&.(;:(%"&(=#,/?#0%/'&'(9#4&(%6-(4#8/&<(?-'(%"&(:5&8.(
<%'&,9%"(#,.(/81=#%&(<%'&,9%"(-?(%"5<(<&01-,2((@"&(5,.50#%&.(:5&8.(<%'&,9%"(4#8/&<(6&'&(Ui(><5(
#,.(UN(><52((@"&(5,.50#%&.(/81=#%&(<%'&,9%"(4#8/&<(6&'&(NK(><5(#,.(NT(><52((G-'(#88(0#80/8#1-,<(
/<&.(5,(%"5<('&<'0"(&b-'%A(%"&(:5&8.(<%'&<<(-?(%"&(<%&&8(;=(<&01-,<("#<(;&&,(%#>&,(#<(UO(><5(
;#<&.(-,(%"&(#4&'#9&(-?(4#8/&<(?'-=(=588(%&<1,92((R(0-$:(-?(%"&(=588(%&<%('&$-'%(?-'(%"&(<%&&8(
;=(<&01-,(0#,(;&(?-/,.(5,(<&01-,(R)2)(-?(R$$&,.5S()2((
( @"&(NLOJ(.5#=&%&'(<"'(<%/.<(6&'&($'-45.&.(;:(k&8<-,(7%/.(h&8.5,92((k&8<-,(7%/.(
h&8.5,9(0-,./0%&.(%&<1,9(-,(NLOJ(.5#=&%&'(<%/.<(?'-=(%"&($'-./01-,(;#%0"(/<&.(#,.(
.&%&'=5,&.(%"#%(%"&(:5&8.(<%'&<<(-?(%"&(<%/.<(6#<(UT(><52((@"&(/81=#%&(<%'&,9%"(6#<(='&.(#<((
dU2O(><52((@"&<&(4#8/&<("#4&(;&&,(/<&.(5,(#88(;<&C/&,%(#,#8:<5<(-?(%"&(NLOJ(.5#=&%&'(<"'(
<%/.<2((@"&(=588(%&<%('&$-'%(-?(%"&(NLOJ(.5#=&%&'(<"'(<%/.<(0#,(;&(?-/,.(5,(7&01-,(R)2T(-?(
R$$&,.5S()2((
( @"&()2TUJ(.5#=&%&'(<"'(<%/.<(6&'&(#8<-($'-45.&.(;:(k&8<-,(7%/.(h&8.5,92((@"&:(
0-,./0%&.(%&<1,9(-,(%"&()2TUJ(.5#=&%&'(<%/.<(?'-=(%"&(;#%0"($'-./0&.(?-'(%"5<('&<'0"(
$'-P&0%(#,.(.&%&'=5,&.(%"#%(%"&(:5&8.(<%'&<<(-?(%"5<(<%/.(<5I&(6#<(NN(><52((@"&(/81=#%&(<%'&,9%"(
-?(%"&(8#'9&(.5#=&%&'(<"'(<%/.<(6#<(?-/,.(%-(;&(OU(><52((@"&<&(#'&(%"&(=#%&'5#8(0"#'#0%&'5<10<(
%"#%("#4&(;&&,(/<&.(5,(#,#8:<5<(-?(%"&(;=(%&<%<2((@"&(=588(%&<%('&$-'%(?-'(%"&(8#'9&(.5#=&%&'(
<%/.<(5<(8-0#%&.(5,(<&01-,(R)2K(-?(R$$&,.5S()2
23
( @"&('&5,?-'05,9(<%&&8(6#<($'-45.&.(;:(7#;&8(7%&&8(7&'450&2((R88(;#'<(/<&.(5,(%"&(.&0>(
'&5,?-'0&=&,%(6&'&(<%#,.#'.(nM('&;#'2((@"&(0&'1W&.(=588(%&<%('&$-'%($'-45.&.(;:(7#;&8(7%&&8(
7&'450&(<"-6&.(#((:5&8.(<%'&,9%"(-?(di2K(><5(#,.(#,.(#,(/81=#%&(<%'&,9%"(-?()\d2T(><5(?-'(%"5<(
$'-./01-,(;#%0"2((@"&<&(#'&('&;#'(=#%&'5#8(0"#'#0%&'5<10((4#8/&<(%"#%("#4&(;&&,(5,0-'$-'#%&.(
5,%-(;<&C/&,%(0#80/8#1-,<2((@"&(=588(%&<%('&$-'%(?-'(%"&('&5,?-'05,9(<%&&8(0#,(;&(?-/,.(5,(
R$$&,.5S()A(7&01-,(R)2M
' !-,0'&%&($'-$&'1&<(#'&(#8<-(0'510#8(%-(/,.&'<%#,.5,9(#,.(#,#8:I5,9(%"&(&S$&'5=&,%#8(
'&8%<(<-(<%#,.#'.(MJ(;:(OJ(%&<%(0:85,.&'<(6&'&(0#<%(?-'("(0-,0'&%&(;#%0"(#,.(%&<%&.(#%(>&:(
1=&(5,%&'4#8<2((@"&(0:85,.&'<(6&'&(#88(#5'(.'5&.(#8-,9(<5.&("(%&<%(<$&05=&,2((R%("(1=&(
5,%&'4#8A(%"'&&(0:85,.&'<(6&'&(0-=$'&<<5-,(%&<%&.(?-88-65,9(#$$'-$'5#%&(R7@^(9/5.&85,&<2((@"&(
0-=$8&%&(8-9(-?("(0:85,.&'(%&<%(0#,(;&(?-/,.(5,(R$$&,.5S(T(5,(7&01-,<(RT2K(#,.(RT2M2((R(
==#':(-?(>&:(4#8/&<(-;%#5,&.(?'-=(%"&<&(%&<%<(5<($'-45.&.(5,(@#;8&(K2KFT2((@"&(;#%0"('&$-'%<(
?-'(%"&(0-,0'&%&(#'&(#D#0"&.(5,(R$$&,.5S(TA(7&01-,<(RT2)(#,.(RT2T2((7$&05=&,<()(#,.(T(6&'&(
?#;'50#%&.(/<5,9(0-,0'&%&(0#<%(?'-=(Z#%0"()A(6"58&(7$&05=&,<(K(#,.(M(6&'&(0#<%(65%"(0-,0'&%&(
?'-=(Z#%0"(T2
((((
24
./01&',),*-+'458=%&3&'4>1"8?&%'.&<3'4567%&<<"58'23%&8#3@<
Z#%0"() R9&([.#:<] 7$&05=&,() 7$&05=&,(T
N )M TO iT )i\ T)i
N(X#:(
7%'&,9%"
)M(X#:(
7%'&,9%"
TO(X#:(
7%'&,9%"
i\(X#:(
7%'&,9%"
@&<%(X#:(
7%'&,9%"
@&<%(X#:(
7%'&,9%"
MdO\ U)N\ UKK\ UTd\ MiU\ MdM\
Z#%0"(T R9&([.#:<] 7$&05=&,(M 7$&05=&,(K
N )M TO i\ TOd KTN
N(X#:(
7%'&,9%"
)M(X#:(
7%'&,9%"
TO(X#:(
7%'&,9%"
i\(X#:(
7%'&,9%"
@&<%(X#:(
7%'&,9%"
@&<%(X#:(
7%'&,9%"
MKN\ U\M\ UTT\ MON\ MO\\ MO)\
( RH&'(%"&(<$&05=&,<(6&'&(?#;'50#%&.A(%"&:(6&'&(0#'&?/88:(='&.(%-(.&%&'=5,&(%"&(
W,#8(#<(;/58%(.5=&,<5-,<2((R88(<%&&8(%"50>,&<<&2((R<(#88(<$&05=&,<(6&'&(?#;'50#%&.(5,(%"&(<#=&(=#,,&'(
65%"(%"&(<#=&(=#%&'5#82((@"&(.5#=&%&'<(-?(5,<%#88&.(
<"'(<%/.<(#'&(954&,(5,(@#;8&(K2KFU2((
25
./01&',),*,+'23&&1'456758&83'9&/<$%&?'A"6&8<"58<
7%&&8(h(7&01-,(
!-=$-,&,%
@"50>,&<<([5,] h5.%"([5,] 34&'#88(X&$%"([5,]
@-$(G8#,9& \2MKTd dFULO T\FiL)d(
Z-D-=(G8#,9& \2MTOd dFULO
h&; \2KUOU
Z'5,9(71b&,&' \2NUUK
./01&',),*B+'458=%&3&'A&=C'9&/<$%&?'A"6&8<"58<
!-,0'&%&(X&0>(!'-<(h5.%"([5,] X&0>(@"50>,&<<([5,]
KU2iN N2)\
./01&',),*D+'2@&/%'23$?'9&/<$%&?'A"/6&3&%<
k-=5,#8(7%/.(75I& ^'&.(7%/.(75I&
NLOo \2OdNo
)2TUo )2TUTo
K2M(7$&05=&,(G#;'50#1-,(
( RH&'(%"&(M(<%&&8(95'.&'<(6&'&(.&854&'&.(%-(%"&(8#;-'#%-':A(%"&(W'<%(<59,5W0#,%(?#;'50#1-,(
%#<>(6#<(%-(6&8.(%"&(<"'(<%/.<(-,%-(%"&(;=<2((R(<%#,.#'.(6&8.5,9(=#0"5,&A(5,(%"5<(0#<&(%"&(
k&86&8.(d\\\A(#,.(9/,(6&'&(/<&.2((@"&(8#'9&(.5#=&%&'(<"'(<%/.<(.5.('&C/5'&(#(=-.5W0#1-,(%-(
26
%"&(0'#.8&($-'1-,(-?(%"&((9/,(%-(#$$'-$'5#%&8:(W%(%"&(<%/.(".<2((G59/'&(K2MF)(<"-6<(#,(5=#9&(
-?(#(8#'9&(.5#=&%&'(<%/.(;&5,9(6&8.&.(%-(%"&(%-$(E#,9&(65%"(%"&(6&8.5,9(9/,(#,.(=-.5W&.(
0'#.8&2((R88(-?(%"&(<%/.<(6&'&(6&8.&.(-,%-(%"&(%-$(E#,9&(-?(%"&(<%&&8(<&01-,<(/,.&'(%"&(
$&'45<5-,(-?(%6-('&$'&<&,%#14&<(-?(k&8<-,(7%/.(h&8.5,9A(%"&(=#,/?#0%/'&'(-?(%"&(<%/.2((
@-(&,'&(.5'&0%(0-=$#'#;585%:(-?(%"&(8#'9&(.5#=&%&'(<%/.<(%-(%"&(0-,4&,1-,#8(<%/.(<5I&A(%"&(
;=<(6&'&(0#<%(%6-(#%(#(1=&(65%"(#(8#'9&(.5#=&%&'(<$&05=&,(#,.(#(0-,4&,1-,#8(<$&05=&,(
65%"(%"&(<#=&(<%/.($5%0"(.-,&(5,("($#5'2((@"&(;=(#,.(-4&'"#,95,9($-'1-,(-?(%"&(.&0>(
6&'&(?/88:($$-'%&.(#,.(<"-'&.(./'5,9(0#<1,9(#,.(?-'(#($&'5-.(-?(#%(8<%(<&4&,(.#:<(?-88-65,9(
%"&($-/'(.#%&2((@"&(?-'=<(6&'&(0-,<%'/0%&.(-?(6--.(#,.(%"&(0-,0'&%&(%-(6--.(5,%&'?#0&(6#<(
%'%&.(65%"(?-'=('&8<&(#9&,%2((G-'=('&8<&(#9&,%(6#<(#8<-(#$$85&.(%-(%"&(%-$(E#,9&(-?(%"&(
<%&&8(<&01-,(%-($'&4&,%(?'501-,#8(;-,.5,9(?'-=(5,E/&,05,9(5,%&'?#0&(<85$(.#%#(./'5,9(%"&(%&<1,92((
X/'5,9(%"&(#$$850#1-,(-?(?-'=(-58A(%"&(<"'(<%/.<(6&'&(0-4&'&.(5,($8#<10(6"50"(6#<(%"&,(
'&=-4&.(;&?-'&(0#<1,9(%-->($8#0&2((G59/'&(K2MFK(<"-6<(#(45&6(-?(%"&(0-,0'&%&(?-'=6-'>(
#<<&=;8&.(65%"(%6-(%&<%(;=<(5,($8#0&2((
!"#$%&',)B*,+(G/88:(#<<&=;8&.(0-,0'&%&(?-'=6-'>(
29
(
( (@"&('&5,?-'0&=&,%(0#9&<(?-'(%"&(0-,0'&%&(.&0>(6&'&(#<<&=;8&.(5,<5.&(%"&(?-'=<2((@"&(
.&0>('&5,?-'0&=&,%(0-,<5<%&.(-?(?-/'(;-D-=(;#'<('/,,5,9(8-,95%/.5,#88:(65%"(#()2UJ(08'(
;-D-=(0-4&'A(?-/'(%-$(;#'<('/,,5,9(8-,95%/.5,#88:(65%"(#(TJ(08'(%-$(0-4&'A(#,.(<1''/$<(
&,08-<5,9(%"&(8-,95%/.5,#8(;#'<(<$#0&.(#%((OJ(-,(0&,%&'2((R88('&5,?-'0&=&,%(0-,<5<%&.(-?(m'#.&(d\(
nM(;#'<2((@"&('&5,?-'0&=&,%(0#9&<(6&'&(;/58%(-,()2UJ('&;#'(0"#5'<(#,.(6&'&(0-,,&0%&.(/<5,9(
<%&&8(65'&(1&<2((
( G-'(%"&(0-,0'&%&A(<%#,.#'.(RQX3@(=5S%/'&(RG)!(65%"-/%(RXlR(6#<(/<&.(?-'(;-%"($#5'<(
-?(;=<2((G-'(%"&(0#<1,9(-$&'#1-,A(0-,0'&%&(6#<(8-#.&.(?'-=(%"&(.&854&':(%'/0>(%-(#,(
-4&'".("-$$&'(6"50"(%"&,(6#<(/<&.(%-(W88(%"&(?-'=<2((R(45&6(-?(%"&(0#<1,9(-$&'#1-,(0#,(;&(
<&&,(5,(G59/'&(K2MFM2((@"&(0-,0'&%&(6#<(45;'#%&.(#,.(%"&,(%'-6&8&.(<=--%"2((R(<&%(-?(<%#,.#'.(
MJ(;:(OJ(%&<%(0:85,.&'<(6#<(#8<-(0#<%(65%"("(<&%(-?(;=<2((@"&(0:85,.&'<(6&'&(#=;5&,%(0/'&.(
#,.(%"&,(%&<%&.(#%(NA()MA(TOA(#,.(i\(.#:<(#<(6&88(#<(65%"5,(TM("-/'<(-?("(<$&05=&,(%&<%2((((
( @"&(W'<%($#5'(-?(;=<(6#<(0#<%(#,.(%"&,(#88-6&.(%-(0/'&(?-'(#%(8<%(%"&(=5,5=/=(
$'&<0'5;&.(1=&(-?(<&4&,(.#:<2((X/'5,9(0/'5,9A(%"&(<$&05=&,<(6&'&(0-4&'&.(5,(6&%(;/'8#$(6"50"(
6#<(%"&,(0-4&'&.(5,(":($8#<10(6'#$2((3,0&(0/'5,9(6#<(0-=$8&%&A(%"&(0-=$-<5%&(;=<(6&'&(
85H&.(4&'10#88:(-/%(-?(%"&(?-'=<2((@"&(W'<%($#5'(-?(;=<(6#<(<%-'&.(-b(%-(%"&(<5.&A(%"&,(%"&(
<&0-,.($#5'(-?(<%&&8(;=<(6&'&(8-6&'&.(5,%-(%"&(?-'=<(#,.(%"&(<#=&($'-0&<<(6#<(?-88-6&.(
#9#5,(%-(0#<%(%"5<(<&0-,.($#5'(-?(;=<2(((
30
!"#$%&',)B*B+(!#<1,9(-?(0-,0'&%&(.&0>(?'-=(-4&'".("-$$&'
K2U(@&<%(7&%/$(
( @"&(;=(6#<(.&<59,&.(%-(;&(8-#.&.(;:(%6-(":.'#/850(#0%/#%-'(i\R($-8:/'&%"#,&($#.(65%"(#(TJ(<%&&8($8#%&(-,(%-$(-?(5%2((@"&(#0%/#%-'(".("#.(#()J(
%"50>A()TJ(("59"(<%'&,9%"('/;;&'(%'#01-,(=#%(
6#<($8#0&.(#%(%"&(5,%&'?#0&(-?(%"&(TJ(%"50>($8#%&(#,.(%"&()J(%"50>($8#%&(-?(%"&(#0%/#%-'(".2((
@"5<(#<<&=;8:(0#,(;&(<&&,(;&8-6(5,(G59/'&(K2UF)2
31
!"#$%&',)D*(+'Q-#.(#$$850#1-,(<:<%&=(/,.&'(#0%/#%-'
((
( @6-('&5,?-'0&.(0-,0'&%&($&.&<%#8<(6&'&(?#;'50#%&.(?-'($$-'%<(#%("(&,.2((R(8#:&'(-?(
"59"(<%'&,9%"(<&8?F8&4&85,9(&$-S:(6#<(#$$85&.(%-(%"&(%-$('?#0&(-?(%"&($&.&<%#8<(%-(&,'&(#(
8&4&8($$-'%('?#0&(?-'(%"&(;=2((R()LOJ(%"50>("59"(<%'&,9%"('/;;&'(%'#01-,(=#%(6#<($8#0&.(
-,(%"&(&$-S:('?#0&A(%"&,(#()2TUJ(%"50>A()TJ(A()TJ(<(6&'&(%"&,(
=-/,%&.(-,%-(%"&(;-D-=(-?(%"&(0-,0'&%&(<8#;(#%(%"&<&(8-0#1-,<2((@"&<&(;8-0><(6&'&($-<51-,&.(
0"(%"#%(%"&($5<%-,(?'-=(%"&(.5<$8#0&=&,%(<&,<-'<(0-,%#0%&.(%"&(%#'9&%(;8-0>(#,.(6&'&(#%(
#$$'-S5=#%&8:(=5.<%'->&(?-'(%"&($5<%-,(.5<$8#0&=&,%(<&,<-'2((@"5<(0-,W9/'#1-,(6#<(.&<59,&.(
%-(.&%&0%('&8#14&(<85$(;&%6&&,(%"&(<%&&8(#,.(0-,0'&%&(<&01-,(#H&'("(<%/.(-'($#5'(-?(<%/.<2((
@"5<(%:$&(<&,<-'A(%"&(=-/,1,9(;8-0>(A(#,.(0-,%#0%(;8-0>(0-,W9/'#1-,(0#,(;&(<&&,(5,(G59/'&(
K2dFK2((@"&(=-/,1,9(;8-0>(#,.(0-,%#0%(;8-0>(6&'&(#D#0"&.(65%"(#."&<54&(%-(%"&(<%&&8(#,.(
0-,0'&%&('&<$&014&8:(#,.(6&'&(<"#$&.(0"(%"#%(%"&5'(0&,%'-5.#8(#S&<(#859,&.(#<(,'8:(#<(
$-<<5;8&2((@"&(-4&'#88(8#:-/%(-?(%"&<&($5<%-,(%:$&(.5<$8#0&=&,%(<&,<-'<(0#,(;&(<&&(#;-4&(
5,.50#%&.(#<(c-<51-,(<&,<-'(5,(G59/'&(K2dFT2
37
!"#$%&',)E*,+(c5<%-,(%:$&(<&,<-'(65%"(=-/,1,9(;8-0>(#,.(0-,%#0%(;8-0>
( R<(<85$(#%(%"&(<%&&8(%-(0-,0'&%&(5,%&'?#0&(6#<(0'510#8(5,(#<<&<<5,9(<"'(<%/.($&'?-'=#,0&A(
8#<&'(%:$&(-$10#8(.5<$8#0&=&,%(<&,<-'<(6&'&(#8<-(/<&.(%-(='&(<85$A(5,(%"5<(0#<&(%"&(
0/=/8#14&(<85$(-4&'(%"&(&,1'&(8&,9%"(-?(%"&(;=2((@"&(8#<&'(%'#,<=5D&'L'&0&54&'(/,5%(6#<(
=-/,%&.(%-(%"&(%-$(-?(%"&(%-$(E#,9&(5,(%"&(dJ('&95-,(#%(%"&(&,.(-?(%"&(;=(6"&'&(%"&(
0-,0'&%&(.&0>(6#<(%&'=5,#%&.2((3,&(0"(<&,<-'(6#<(=-/,%&.(#%("(&,.(-?(%"&(<$&05=&,2((R((
'&E&014&(%#'9&%(6#<(%"&,(=-/,%&.(-,(%"&(0-,0'&%&(-,(%"&(&,.(-?(%"&(<8#;2(((@"5<(
5,<%'/=&,%#1-,(0-,W9/'#1-,(0#,(;&(<&&,(5,(G59/'&(K2dFM2((3,&(#..51-,#8(8#<&'(<&,<-'(6#<(
=-/,%&.(-,(%"&(0-,0'&%&($$-'%($&.&<%#8(#,.(%#'9&%&.(%-(%"&(0:85,.&'(-,(%"&('-88&'(&,.(-?(%"&(
<$&05=&,(%-(=-,5%-'(8-,95%/.5,#8(%'#,<8#1-,2((@"&(-4&'#88(8#:-/%(-?(%"&<&(8#<&'(%:$&(-$10#8(
.5<$8#0&=&,%(<&,<-'<(0#,(;&(<&&,(#;-4&(5,(G59/'&(K2dFT2(((
38
!"#$%&',)E*B+(Q#<&'(.5<$8#0&=&,%(<&,<-'(#,.(%#'9&%
( @"&(-%"&'(%:$&(-?(<&,<-'(/<&.(5<(%"&(&8&0%'50#8('&<5<%#,0&(<%'#5,(9#9&2((7%'#5,(9#9&<(6&'&(
/185I&.(5,(?-/'(0'-<(0#<1,92((@"&<&(<&01-,<(#8<-(?%/'&.(%6-(0-,0'&%&(<%'#5,(9#9&<(-,(;-D-=(-?(%"&(
<8#;(65%"(%6-(=-'&(-,(%-$(-?(%"&(<8#;2((R(<0"&=#10(-?(%"&(%6-(%:$50#8(0'-<<(<&01-,<(0#,(;&(
<&&,(5,(G59/'&(K2dFU2
!"#$%&',)E*D+(@:$50#8(<%'#5,(9#9&(0'-<<(<&01-,($#D&',<
( +,(#..51-,(%-(%"&(4#'5-/<(<&,<-'<(=-/,%&.(%-(%"&(%&<%(<$&05=&,A(?-'0&(#,.(.5<$8#0&=&,%(
.#%#(6#<(#8<-(0-88&0%&.(?'-=(%"&(-/%$/%(-?("(":.'#/850(#0%/#%-'2((+,(%-%#8A(,5,&%:F<5S(0"#,,&8<(
-?(.#%#(6&'&(0-88&0%&.(#,.('&0-'.&.(%"'-/9"(%"&(8#;-'#%-':(#0C/5<51-,(<:<%&=2((`#0"(-?(%"&<&(
0"#,,&8<(6#<(<#=$8&.(#%()\\(1=&<($&'(<&0-,.2((
40
K2N(Q-#.5,9(c'-%-0-8
( G-'("(;=A(#,(5,51#8(<&%(-?(%&<1,9(6#<(.-,&(%-(4&'5?:(<$&05=&,(<%#;585%:(#,.(
#859,=&,%(#<(6&88(#<(%-(%'-/;8&(<"--%(#,:(5,<%'/=&,%#1-,(.5B0/81&<2((X/'5,9(%"5<(%&<1,9(#(
=#S5=/=(8-#.(-?(/$(%-(KU(>5$<(6#<(9'#./#88:(#$$85&.(#,.(%"&,('&=-4&.(#%(=5.<$#,(-,8:2((@"5<(
$'-0&<<(6#<('&$%&.(%"'&&(1=&<2((X/'5,9(%"5<($'-0&<5$(5,%&'4#8<(#%(
#,(#$$'-S5=#%&(8-#.5,9('#%&(#%(-'(8&<<(%"#,(M(>5$<($&'(=5,/%&2((@"5<(6#<(.-,&(188(%"&(#0%/#%-'(
'"&.(5%<(=#S5=/=(#$$85&.(8-#.(?-'(%"&(%&<%(6"50"(6#<(O)(>5$<2((@"5<(8-#.(6#<("&8.(#,.(
=#5,%#5,&.(?-'(%"&(./'#1-,(-?(%"&(%&<%(/,18(?#58/'&(-?(%"&(<$&05=&,2
( G-'(%"&(T,.(#0%/#%-'(#,.(5%<(0-''&<$-,.5,9(#$$85&.(8-#.(4#8/&A('&?&''&.(%-(#<(cTA(
.5<$8#0&=&,%(0-,%'-8(6#<(/185I&.2((R<(6#<(.-,&($'&45-/<8:A(%"&(8-#.(6#<(#$$85&.(9'#./#88:(5,()\(
>5$(5,0'&=&,%<2((+,(%"5<(0#<&A(#(M(>5$($&'(=5,/%&(-'(8&<<(8-#.5,9('#%&(6#<(#8<-(%#'9&%&.A("-6&4&'A(
%"5<(6#<(=-'&(-?(#,(#$$'-S5=#1-,(<5,0&(?-'(%"5<(#0%/#%-'(%"&(#$$85&.(8-#.(5%<&8?(6#<(,-%(.5'&0%8:(
0-,%'-88&.(#<(5%(6#<(/,.&'(.5<$8#0&=&,%(0-,%'-82((@"&(8-#.('#%&(6#<($#'10/8#'8:(.5B0/8%(%-(
42
=#5,%#5,(5,(%"&(8#%&'($-'1-,<(-?(%"&(%&<%(6"&,(%"&(<$&05=&,(<1b,&<<(.&0'<&.(./&(%-(
,-,85,'(;&"#45-'2
((( @"5<(8-#.5,9($'-0&./'&(6#<(?-88-6&.(/,18(<$&05=&,(?#58/'&(6#<(-;<&'4&.(#<(.&%&'=5,&.(
;:(<$&05=&,(5,#;585%:(%-($$-'%(5,0'<&.(8-#.<2((@"5<(8-#.5,9($'-0&./'&(&,#;8&.(?-'($-<%($>(
;&"#45-'(%-(;&(0#$%/'&.(#<(%"&(#..51-,#8(#$$85&.(8-#.(6-/8.(#88(;&(/,.&'(.5<$8#0&=&,%(0-,%'-82((
+%(#8<-(&,#;8&.(?-'(%"'&&('&95-,<(-?(.5b&'&,%(8-#.5,9(;&"#45-'2((Z&%6&&,(cT(#,.(%"&('-88&'(
$$-'%(%"&'&(6-/8.(;&(#('&95-,(-?("59"(<"'(#,.(8-6(=-=&,%2((Z&%6&&,(c)(#,.(cT(%"&'&(
6-/8.(;&(#("59"(=-=&,%A(8-6(<"'('&95-,A(#,.(;&%6&&,(c)(#,.(%"&($5,,&.($$-'%(%"&'&(
6-/8.(;&(#,(5,%&'=&.5#%&(<"'A(5,%&'=&.5#%&(=-=&,%('&95-,2((@"5<(&,#;8&<(%"&(&b&0%(-?(8-#.(
0-,.51-,(-,(<%/.($&'?-'=#,0&(%-(#<<&<<&.2((((
(((
43
!"#$%&'(M*(Y&8%<(#,.(X#%#(R,#8:<5<
M2)(34&'45&6
( @"5<(0"#$%&'(?-0/<&<(-,($'&<&,1,9(#,.(#,#8:I5,9(%"&(W,.5,9<(-?(%"&(&S$&'5=&,%#8(
$-'1-,(-?(%"5<('&<'0"($'-P&0%2((7$&05W0#88:A(5%(6588(.5<0/<<(%"&(<59,(0-,4&,1-,<(/<&.(?-'(%"&(
$'&<&,%#1-,(-?('&8%<(#,.(0#80/8#1-,<2((+%(6588($'-45.&(#($#'1#8(0-=$-<5%&(#01-,(#,#8:<5<(-?(%"&(
$&'?-'=#,0&(-?("(%&<%(<$&05=&,2((R(C/#85%#14&(#<<&<<=&,%(-?((>&:(-;<&'4#1-,<(?'-=(%"&(
?#;'50#1-,(#,.(&S$&'5=&,%#8($"#<&<(-?(%"&($'-P&0%(6588(;&(=#.&2((G5,#88:A(%"&(0-88&0%&.(
&S$&'5=&,%#8(.#%#(5<($'&<&,%&.(#,.(#,#8:I&.2
M2T(k/=&'50#8(759,(!-,4&,1-,<
( @-(%"&(&S%&,%($-<<5;8&A(#(0-,<5<%&,%(<59,(0-,4&,1-,(5,(%&'=<(-?('&?&'&,0&(#S5<(#,.(
$-<514&(#,.(,&9#14&(=#9,5%/.&&,(#<(/$6#'.(-'(#9#5,<%(9'#45%:2((G-'("-'5I-,%#8(
.5<$8#0&=&,%&,(#<(%"&(8-,95%/.5,#8(.5'&01-,(?-'(%"&(%&<%(
=&=;&'2((Z#<&.(-,(%"&(#,105$#%&.(=-4&=&,%(-?(%"&(=&=;&'(#%(%"&('-88&'($$-'%&.(&,.(-?(%"&(
;=A($-<514&("#<(;&&,(.&W,&.(#<(=-4&=&,%(?'-=(%"&($5,,&.($$-'%A(-,(%"&(/,8-#.&.("#8?(
-?(%"&(;=A(%-6#'.(%"&('-88&'($$-'%(5,(%"&(8-#.&.("#8?(-?(%"&(;=2((k&9#14&("#<(;&&,(
.&W,&.(#<(=-4&=&,%(5,(%"&(-$$-<5%&(.5'&01-,(-'(?'-=(%"&('-88&'(&,.(-?(%"&(;=(%-6#'.(%"&(
$5,,&.(&,.(-?(%"&(;=2
( G-'(<85$(='&=&,%&,(#<(%"&(<#=&(#<(.&<0'5;&.($'&45-/<8:(?-'(.5<$8#0&=&,%<(#8-,9(#("-'5I-,%#8(#S5<2((
c-<514&(5<(%"&'&?-'&(.&W,&.(#<(=-4&=&,%(-?(%"&(0-,0'&%&(<8#;('&8#14&(%-(%"&(<%&&8(<&01-,(?'-=(
%"&($5,,&.(&,.A(%-6#'.(%"&('-88&'($$-'%&.(&,.2((k&9#14&("#<(;&&,(%#>&,(#<(=-4&=&,%(-?(%"&(
0-,0'&%&(<8#;('&8#14&(%-(%"&(<%&&8(;=(?'-=(%"&('-88&'($$-'%(&,.A(%-6#'.(%"&($5,,&.(
$$-'%&.(&,.2
( ^'&=&,%(-?(#$$85&.(=-=&,%<(5<(;#<&.(-,(%"&(%:$&(-?(<%'#5,(&S$&'5&,0&.(5,(%"&(
;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,(?-'(%"&(0-=$-<5%&(;=<2((^-=&,%<(6"50"(5,./0&(%&,<58&(
45
<%'#5,(5,(%"&(;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,(#'&(0-,<5.&'&.(#<($-<514&2((R$$85&.(=-=&,%<(
6"50"(5,./0&(0-=$'&<<5-,(5,%-(%"&(;-D-=(E#,9&(-?(%"&(<%&&8(<&01-,(#'&(.&<0'5;&.(#<(,&9#14&2
M2K(c#'1#8(!-=$-<5%&(R01-,(R,#8:<5<(#,.(Y&8%<((
( R88(-?(%"&(<$&05=&,<(.&<59,&.(#,.(/<&.(#<($#'%(-?(%"5<(%&<%($'-9'#=(6&'&(.&<59,&.(%-(;&(
$#'1#88:(0-=$-<5%&A(=,5,9(%"#%(%"&(%-%#8(<%'&,9%"(0#$#05%:(-?(%"&(<"'(<%/.<(5<(8&<<(%"#,(%"#%(
'&C/5'&.(?-'(%"&(<$&05=&,(%-('"(5%<(%"&-'&10#8(=-=&,%(0#$#05%:(65%"(%"&(<%&&8(#,.(0-,0'&%&(
?/88:(6-'>5,9(%-9&%"&'2((_,.&'(%"5<(%:$&(-?(.&<59,A(%"&(0#$#05%:(-?(%"&(<"'(<%/.<(6-/8.(
%"&'&?-'&(85=5%(%"&(0#$#05%:(-?(%"&(<$&05=&,2((@-(0"#'#0%&'5I&(<$&05=&,($&'?-'=#,0&(#,.(5,(
$#'10/8#'(<"'(<%/.($&'?-'=#,0&A(5%(5<(%"&'&?-'&(,&0&<<#':(%-($&'?-'=(0-=$/%#1-,<(?-'(
$#'1#88:(0-=$-<5%&(%:$&(;=<(%-(#00/'#%&8:(#<<&<<(%"&($&'?-'=#,0&('&8#14&(%-(%"&-'&10#8(
&S$&0%#1-,<2((R<(%"&(.5b&'&,%(<5I&(<"'(<%/.<($'-45.&.(;:(%"&(<"'(<%/.(=#,/?#0%/'&'("#.(
.5b&'&,%(=#%&'5#8($'-$&'1&5,9( (?'-=(`f(T2TFT(#,.( (?'-=(%"&(=5,5=/=(-?(`f<(
T2TFU(#,.(T2TFdA(5%(5<(%"&,(.&%&'=5,&.(;:(%"&(&C/#1-,*
((((((((([`f(M2KF)]
6"&'&*
( g(@"&(,/=;&'(-?(<"'(<%/.<($'-45.&.(?'-=(%"&($-5,%(-?(
( =#S5=/=($-<514&(=-=&,%(%-(%"&(#.P#0&,%($-5,%(-?(I&'-
( =-=&,%
( _<5,9(%"&($'-45<5-,<(-?(!"#$%#&'()*(+,-.%/-0%#1''2%34)25).67([R+7!(T\)\]A(%"&(0#$#05%:(-?(
#($#'1#88:(0-=$-<5%&(;=(=#:(;&(.&%&'=5,&.2((R+7!(T\)\($'-45<5-,<(#'&(/<&.(5,(%"5<(0#<&(
;&0#/<&(R+7!(T\)\(<$&05W0#88:(#..'&<<&.($#'1#8(0-=$-<5%&(;=(.&<59,(6"&'&(RR7V@3([T\)\](
&,0-/'#9&<(%"&(/<&(-?(?/88(0-=$-<5%&(.&<59,<2((@"&(<#=&($8#<10(.&<59,(%"&-':(#,.(?-'=/8#1-,(
%-(.&%&'=5,&(%"&(E&S/'#8(<%'&,9%"(-?(%"&(;=(#'&(&=$8-:&.(5,(;-%"(0#<&<2((X&%&'=5,5,9(%"&(
%"&-'&10#8(0#$#05%:(-?(%"&($#'1#88:(0-=$-<5%&(;=<(/<&.(?-'(%"5<(&S$&'5=&,%(6588(&,#;8&(
&S$&'5=&,%#8(;=($&'?-'=#,0&(%-(;&(0-=$#'&.(%-(#,(&S$&0%&.(4#8/&2((@"5<(8&4&8(-?(
$&'?-'=#,0&(=#:(%"&,(;&(/<&.(%-(0-=$#'&(<$&05=&,<(65%"(.5b&'5,9(X3!R(4#8/&<2
( @-(.-(%"5(%-( ((#,.( (6"50"(6&'&($'&45-/<8:(.5<0/<<&.(5,(7&01-,(T2T2((
R00-'.5,9(%-(R+7!(T\)\(%"&(=#S5=/=(8-,95%/.5,#8(.&0>(?-'0&(6-/8.(;&(%"&(=5,5=/=(-?(%"&(
47
%"'&&(4#8/&<(;/%(5,(%"&($#'10/8#'(0#<&(-?(#($#'1#88:(0-=$-<5%&(;=A(%"&(<"'(<%/.<(6588(;&(%"&(
85=51,9(4#8/&(0"(%"#%(%"5<(?-'0&(5<(954&,(;:(R+7!(T\)\(`C/#1-,(!F+KFO*
((((((((((((((((((((((((((( ((((((((((((((((([`f(M2KFT]
( _<5,9(%"#%(4#8/&(?-'(%"&(8-,95%/.5,#8(?-'0&(0#''5&.(5,(%"&(.&0>(65%"( (#,.(( (#<(
.5<0/<<&.(5,(7&01-,(T2TA(R+7!(T\)\(%"&,(.&W,&<(%"&(.&$%"(-?(%"&(&C/54#8&,%(<%'&<<(;8-0>(5,(%"&(
0-,0'&%&(5,(`C/#1-,(!F+KFi*
(((((((((((((((((((((((( ((((((((((((((((((([`f(M2KFK]
( @"&(=-=&,%(0#$#05%:(?-'(%"&(;=(5<(%"&,($'-45.&.(5,(`C/#1-,(!F+KF)\(-?(R+7!(T\)\(#<*
(( ( (((((( (((((((((([`f(M2KFM]
6"&'&*
( ( g(@"&(.5<%#,0&(?'-=(%"&(0&,%'-5.(-?(%"&(0-=$'&<<54&(?-'0&(5,(%"&(0-,0'&%&(
( ( .&0>(%-(%"&(%-$(-?(%"&(<%&&8(<&01-,
( ( g(@"&(.5<%#,0&(?'-=(%"&(0&,%'-5.(-?(%"&(0-=$'&<<54&(?-'0&(5,(%"&(<%&&8(<&01-,(%-(%"&(
( %-$(-?(%"&(<%&&8(<&01-,2((+%(5<(%#>&,(#<(I&'-(5?(%"&'&(5<(,-(0-=$'&<<54&(?-'0&(5,(%"&(<%&&8(
( <&01-,
( ( g(@"&(.5<%#,0&(?'-=(%"&(0&,%'-5.(-?(%"&(<%&&8(<&01-,(%-(%"&(%-$(-?(%"&(<%&&8(<&01-,
( _<5,9(%"&<&(&C/#1-,5$pH]
@"&-'&10#8(
^-=&,%(!#$#05%:(
[>5$pH]
`S$&'5=&,%#8(L(
@"&-'&10#8([a]
c&'0&,%(
X5b&'&,0&([a]
) OdM OUM )\)2T FK2M
T ON\ OUd )\)2d FT2O
K OTT OU) id2d FN2N
M OMi OdM iO2K Fd2\
(((
49
( @"&(8#'9&(.5#=&%&'(<%/.<(5,(;-%"($#D&',<("#4&(-/%$&'?-'=&.(-'(&C/#8&.(%"&(
$&'?-'=#,0&(-?(%"&(-'.5,#':(<%/.<(5,(%&'=<(-?(E&S/'#8(0#$#05%:2((+,(0-=$#'5,9(7$&05=&,<()(#,.(
TA(%"&(;=(65%"(%"&(8#'9&(.5#=&%&'(<%/.<("#.(#("59"&'(&S$&'5=&,%#8(0#$#05%:A(6"50"(6#<(
&S$&0%&.(954&,(%"&("59"&'(/81=#%&(%&,<58&(<%'&,9%"(-?(%"&(8#'9&(.5#=&%&'(<"'(<%/.<2((@"&(<#=&(
%'&,.(5<(&4&,(08'&'(5,(0-=$#'5,9(7$&05=&,<(K(#,.(M2(@"&(<$&05=&,(65%"(8#'9&(.5#=&%&'(<%/.<(
#9#5,("#.(#(8#'9&'(&S$&'5=&,%#8(0#$#05%:2
( V-6&4&'A(%"#%('&8%(6#<(&S$&0%&.A(954&,(%"#%(%"&(%6-(<$&05=&,<(65%"(8#'9&(.5#=&%&'(
<%/.<("#.("59"&'(%"&-'&10#8(0#$#051&<(%"#,(%"&(0-''&<$-,.5,9(<$&05=&,<(65%"(,-'=#8(.5#=&%&'(
<%/.<2((h"&,(0-=$#'5,9("(<$&05=&,q<(%"&-'&10#8(0#$#05%:(%-(5%<(&S$&'5=&,%#8(0#$#05%:A(%"&(
8#'9&(.5#=&%&'(<%/.<(<188($&'?-'=&.(<859"%8:(;&D&'2((Z&%6&&,(7$&05=&,<()(#,.(TA(7$&05=&,(T((
#0"5&4&.(\2Ma(=-'&(-?(5%<(%"&-'&10#8(0#$#05%:2((Z&%6&&,(7$&05=&,<(K(#,.(MA(7$&05=&,(M(65%"(
5%<(8#'9&(.5#=&%&'(<%/.<(#0"5&4&.()2Na(=-'&(-?(5%<(%"&-'&10#8(0#$#05%:2((@"&<&(.5b&'&,0&&:(5,.50#%-'(-?(<$&05=&,(./0185%:(5<(%"&(#;585%:(-?(%"&(<"'(<%/.<(%-('&.5<%'5;/%&(8-#.A(
6"50"(%"&(<%/.<(6-/8.(;&(?-'0&.(%-(.-(5,(%"&(0-,W9/'#1-,(65%"(=-'&(65.&8:(<$#0&.(08/<%&'<2((R(
50
"59"&'(E&S/'#8(0#$#05%:(5,(%"&(0#<&(-?(#($#'1#88:(0-=$-<5%&(;=(6-/8.(5,(%"5<(0#<&(5,.50#%&(
;&D&'(#;585%:(%-('&.5<%'5;/%&(8-#.<(#,.(5,(%/',A(#("59"&'(.&9'&&(-?(./0185%:(&S"5;5%&.(;:(%"&(<"'(
<%/.<2((R<(6#<($'&45-/<8:(,-%&.A(%"&(<$&05=&,(65%"(8#'9&(.5#=&%&'(<"'(<%/.<(.-&<(#0"5&4&(#(
"59"&'(&S$&'5=&,%#8(E&S/'#8(0#$#05%:((#,.(#("59"&'($&'0&,%#9&(-?(5%<(%"&-'&10#8(E&S/'#8(0#$#05%:(
%"#,(%"&(<$&05=&,(65%"(<%#,.#'.(.5#=&%&'(<%/.<2((+%(=#:(#8<-(;&(-;<&'4&.(%"#%(5,(0-=$#'5,9(
7$&05=&,<()(#,.(KA(M2Ma(8&<<(-?(%"&(%"&-'&10#8(0#$#05%:(6#<(#0"&54&.(5,(%"&(8#D&'2((+,(
7$&05=&,<(T(#,.(MA(%"-<&(65%"(8#'9&(.5#=&%&'(<%/.&:(0-,08/<5-,<(,-%(,/=&'50#88:(0#$%/'&.(;:(#,:(0-88&0%&.(.#%#(0#,(;&(
&<%#;85<"&.2((3,&(#<$&0%(,-%(&S$8505%8:(#..'&<<&.(5<(%"&(?<5;585%:(#,.(($'#010#85%:(-?(/<5,9(8#'9&(
51
.5#=&%&'(<"'(<%/.<(5,($'#010&2((@"&('&<'0"&'(#$$'-S5=#%&8:()("-/'2((R<(%"5<(6#<(
%"&(W'<%(1=&(%"#%(%"&('&<'0"&'<(-'(k&8<-,(7%/.(h&8.5,9($&'<-,,&8("#.(&4&'(.-,&(%"5<(
=-.5W0#1-,A(5%(5<('<-,#;8&(%-(#<=&(%"#%A(65%"(65.&(5=$8&=&,%#1-,(-?(8#'9&(.5#=&%&'(
<%/.8:2((
( @"&(=-.5W&.(0'#.8&(.5.(,-108:(#..(%-(%"&(6&59"%(-?(%"&(6&8.5,9(9/,2((R<(%"5<(6#<(%"&(
W'<%(/<&(-?(%"5<(%:$&(-?(0'#.8&A(5%<(;/8>(6#<($'5=#'58:(./&(%-(#("-&'A(=-'&(0-,<&'4#14&(.&<59,(
6"50"(0-/8.(0&'%#5,8:(;&('&W,&.(5,(%"&(?/%/'&2((RH&'(45&65,9(%"&(-$&'#1-,A(5%(5<('<-,#;8&(%-(
0-,08/.&(%"#%(%"&(0'#.8&(=-.5W0#1-,(6"&,(5,%'-./0&.(#,.(=#<<($'-./0&.(0-/8.(;&('&W,&.(%-(
%"&(8&4&8(-?(%"&(<%#,.#'.(0'#.8&($-'1-,(-?(%"&(9/,A(0"(%"#%(%"&(6&59"%(-?(%"&(9/,(?-'(8#'9&(
.5#=&%&'(<%/.<(6-/8.(,-%(;&(#(0-,0&',(?-'('&./05,9((6&8.5,9(<$&&.2
( 3,0&(%"&(=-.5W0#1-,(6#<(0-=$8&%&A(6&8.(C/#85%:(6#<(%"&(,&S%(<-/'0&(-?(0-,0&',2((@'5#8(
6&8.<(6&'&($&'?-'=&.(%-(.&%&'=5,&(%"&(-$1=#8(<&j,9(?-'(6&8.5,9(%"&(8#'9&(.5#=&%&'(<%/.<2((
Z#<&.(/$-,(45#8(5,<$&01-,A(TU\\(#=$<(#%()2U(<&0-,.<(6#<(?-/,.(%-(;&(%"&(-$1=#8(<&j,92((
3,&(.5B0/8%:(65%"(%"&(8#'9&(.5#=&%&'(<%/.<(6#<(#0%/#88:(%&<1,9(%"&(6&8.(C/#85%:2((@"&(<%/.<(
6&'&(;&,%(%-(%"&(.&9'&&($-<<5;8&(#,.(<"-6&.(,-(<59,<(-?(6&8.(-'(<%/.(?#58/'&(/,.&'(#(i\(.&9'&&(
52
;&,.(%&<%2((V-6&4&'A(%"&:(0-/8.(-,8:(;&(;&,%(#(,-=5,#8(#=-/,%A(#'-/,.(K\(.&9'&&<2((@"&'&?-'&A(
5%(6-/8.(;&(,&0&<<#':(%-(.&4&8-$(#(,&6(=&%"-.(;&<5.&<(i\(.&9'&&(;&,.(%&<%<(%-(&S#=5,&(6&8.(
C/#85%:(5,(%"&(W&8.2((R8%&',#14&8:(#(,&6(<&%(-?(9/5.&85,&<(?-'($&'?-'=5,9(;&,.(%&<%<(-,(8#'9&(
.5#=&%&'(<"'(<%/.<(0-/8.(;&(.&4&8-$&.2((3,(#("-85<10(;#<5('&$8#0&=&,%2((h5%"(%"&(<859"%8:(8-,9&'(6&8.(1=&(#,.("-&'(6&8.(9/,(
0-,W9/'#1-,A("(6&8.($&'?-'=&.(-,(#()2TUJ(.5#=&%&'(<%/.(.5.(%#>&(8-,9&'(%"#,(%"&(
0-''&<$-,.5,9(6&8.(-?(#(NLOJ(.5#=&%&'(<%/.A("-6&4&'(#<(6#<(.5<0/<<&.($'&45-/<8:A(-,8:("#8?(%"&(
,/=;&'(-?(6&8.<(6&'&(#0%/#88:('&C/5'&.2((+,(%-%#8A(?#0%-'5,9(5,(6&8.(9/,(<&%(/$(1=&A(%&<%(6&8.8:(#<(%"&(1=&(<#45,9<(-?($&'?-'=5,9("#8?(#<(=#,:(6&8.<(.5.(-/%6&59"(%"&(
<859"%(5,0'<&(5,(1=&(%-(6&8.("(5,.545./#8(<%/.2((m54&,(%"#%(%"&(,/=;&'(-?(<%/.<('&C/5'&.(?-'(
%"5<('&<'0"(&b-'%(5<(C/5%&(<=#88(0-=$#'&.(%-(=#,:(;'5.9&($'-P&0%<(#,.(%"#%(%"&(<&%/$(
$'-0&./'&(?-'(%"&(8#'9&(.5#=&%&'(<%/.<(6#<(&S$&'5=&,%#8A(5%(5<('<-,#;8&(%-(0-,08/.&(%"#%(-,(#(
53
8#'9&'("59"6#:(;'5.9&($'-P&0%A(65%"(#,(&<%#;85<"&.(<&%(/$($'-0&./'&A(%"&(1=&(-?(%"&(6&8.5,9(
-$&'#1-,(6-/8.(;&(=-'&(.'#=#10#88:('&./0&.(;:(%"&(/<&(-?(8#'9&(.5#=&%&'(<%/.<(#<(0-=$#'&.(
%-(6"#%(6#<(<&&,(5,(%"&(8#;-'#%-':2((
`S$&'5=&,%#8(@&<1,9(
( G'-=(%"&(<%#,.$-5,%(-?(45#8(-;<&'4#1-,#;8:(<5=58#'8:2((@"&(<#=&(;#<50('&<$-,<&(<&C/&,0&(6#<(<&&,(5,(&4&':(%&<%2((G5'<%A(%"&(;=(
6-/8.(.&E&0%(/,.&'(%"&(8-#.(#%(=5.<$#,2((R<5.&(?'-=(%"&(.&E&01-,(5%<&8?A(%"&'&(6&'&(,-(45<5;8&(
<59,<(-?(.5<%'&<<2((@"&(.&E&01-,(-?(#(<$&05=&,(/,.&'(?/88(8-#.(#%(=5.<$#,(#,.(,-(8-#.(#%(
C/#'%&'<$#,(0#,(;&(<&&,(5,(G59/'&(M2MF)2((
!"#$%&'B)B*(+(Z=(<$&05=&,(/,.&'(8-#.(#%(=5.<$#,
54
( R<(%"&(=#9,5%/.&(-?(8-#.5,9(5,0'<&.(#,.(#..51-,#8(8-#.(6#<(#$$85&.(#%(C/#'%&'<$#,A(
%"&(.&E&01-,<(-?("(<$&05=&,(0-,1,/&.(%-(5,0'<&(;/%(%"&'&(6&'&(,-('.58:(-;<&'4#;8&(
<59,<(-?(.5<%'&<&<(-?(
6"#%(#$$'&.(%-(;&(;8#0>(=#%&'5#8(?#885,9(#,.(#00/=/8#1,9(/,.&'(%"&(;=(6#<(W'<%(45<5;8&(
/,.&'(=5.<$#,(#,.(%"&,(&4&,%/#88:(/,.&'(C/#'%&'<$#,(#<(6&88A(#<(-S5.&<(#,.(-%"&'(=#%&'5#8<(
#D#0"&.(%-(%"&('?#0&(-?(%"&(<%&&8(<&01-,(;&9#,(%-(E#>&(-b(/,.&'(%"&(5,0'<&.(=#%&'5#8(
.&?-'=#1-,<(-?(%"&(<%&&8(<&01-,2((R,(5=#9&(-?(%"&<&(E#>&<(-?(=#%&'5#8(-,(%"&(8#;-'#%-':(E--'(
/,.&'(#(;=(<$&05=&,(#%(=5.<$#,(0#,(;&(<&&,(;&8-6(5,(G59/'&(M2MFM2((
!"#$%&'B)B*B+(G8#>&<(-?('?#0&(=#%&'5#8(?'-=(%"&(<%&&8(<&01-,(#00/=/8#1,9(/,.&'(%"&(<$&05=&,
( RH&'(%"&(<$&05=&,<(;&9#,(%-(<"-6(<59,<(-?(.5<%'&<<(5,(%"&(<%&&8(<&01-,A(,-(#..51-,#8(
-;45-/<(<59,<(-?(<&4&'&(.5<%'&<<(6&'&(<&&,(5,(%"&(%&<%(<$&05=&,<(/,18('59"%(;&?-'&(%"&(-,<&%(-?(
?#58/'&2((R<(?#58/'&(#$$'-#0"&.A(-00#<5-,#8(,-5<&<(0-/8.(;&("'.(?'-=(%"&(%&<%(<$&05=&,<2((
57
f/#85%#14&8:A(5%(6#<(-;<&'4&.(%"#%(%"&<&(,-5<&<(6&'&(=-'&($'-,-/,0&.(5,(7$&05=&,<(K(#,.(M(
65%"(%"&(8#'9&'(<%/.(<$#05,9<2((V-6&4&'A(,-(45#8(<59"%<(#00-=$#,5&.(%"&<&(,-5<&(8-#.(6#<('"&.A(%"&(W'<%(<59,(-?(?#58/'&(%-(
#$$'(6#<(%&,<5-,(0'#0>5,9(5,(%"&(;-D-=(-?(%"&(0-,0'&%&(.&0>(,'(=5.<$#,2((R<(%"&(<$&05=&,(
0-,1,/&.(%-(;&(8-#.&.A(%"&(,/=;&'(#,.(<5I&(-?(%"&<&(0'#0><(0-,1,/&.(%-(5,0'<&2((@"&:(6&'&(
#88(0&,%&'&.(,'(%"&(=5.<$#,($-'1-,(-?(%"&(;=(#,.(6&'&A(;:(%"&(&,.(-?(%"&(%&<%A(<&&,(#%(
<&4&'#8(?&&%(&5%"&'(<5.&(-?(=5.<$#,2((@"&<&(0'#0><(.5.(,-%(#$$'(5,(%"&(C/#'%&'<$#,('&95-,2((R(
E&S/'#8(%&,<5-,(0'#0>(?-'=5,9(5,(%"&(;-D-=(-?(%"&(0-,0'&%&(.&0>(0#,(;&(<&&,(;&8-6(5,(G59/'&(
M2MFU2((!-,0'&%&(0'#0><("#4&(;&&,(%'#0&.(65%"(;8#0>($&'=#,&,%(=#'>&'2
!"#$%&'B)B*D+(@&,<5-,(0'#0><(?-'=5,9(5,(%"&(;-D-=(<5.&(-?(%"&(0-,0'&%&(.&0>(#%(=5.<$#,
58
( R8=-<%(5==&.5#%&8:(#H&'(E&S/'#8(0'#0><(;&9#,(?-'=5,9(5,(%"&(;-D-=(-?(%"&(0-,0'&%&(
.&0>A(%"&(0-,0'&%&(;&9#,(%-(0'/<"(5,(%"&(%-$('?#0&(-?(%"&(0-,0'&%&(.&0>2((@"5<(6#<(&S"5;5%&.(
,-%($'&05<&8:(#%(=5.<$#,A(;/%(5==&.5#%&8:(#.P#0&,%(%-(%"&(8-0#1-,(-?(8-#.(#$$850#1-,(#%(
=5.<$#,2((G-'("(%&<%(<$&05=&,A(%"&(8-0#1-,(6#<(%"&(<#=&2((@"5<(6#<(#86#:<(&S"5;5%&.(,&S%((
%-(%"&(#0%/#%-'(#%(=5.<$#,A(-,(%"&(<5.&(,'&'(%"&(8-#.(#%(C/#'%&'(<$#,2((@"&('&8%(-?(%"5<(
0'/<"5,9(-,(%-$(-?(%"&(.&0>(#,.(0'#0>5,9(-,(;-D-=(-?(%"&(.&0>(0#,(;&(<&&,(;&8-6(5,(G59/'&(
M2MFd(?-'(7$&05=&,()2((
(
!"#$%&'B)B*E+(!'/<"5,9(#%(%-$(-?(.&0>(#,.(0'#0>5,9(#%(;-D-=(-?(%"&(.&0>(?-'(7$&05=&,()
59
( 3,0&(%"5<(0'/<"5,9(-?(0-,0'&%&(#%(%"&(%-$(-?(%"&(.&0>(<%#'%&.A(%"&(%-%#8(8-#.(8&4&8<(;&9#,(
.'-$$5,9(6"58&(%"&(.&E&01-,<('#$5.8:(5,0'<&.2((3,0&(%"5<(;&9#,(%-(-00/'A(%"&(<$&05=&,<(6&'&(
0-,<5.&'&.(%-("#4&(?#58&.2((V-6&4&'A(7$&05=&,<()(%"'-/9"(KA(6&'&(8-#.&.(/,18(%"&(#0%/#%-'(#%(
=5.<$#,('"&.(5%<(=#S5=/=(<%'->&(0#$#05%:(-?()\J(#,.(%"&(;=(0-/8.(;&(8-#.&.(,-(?/'%"&'2((
7$&05=&,(M(6#<(8-#.&.(/,18(?#58/'&A(;/%(%"&(%&<%(6#<(%&'=5,#%&.(;&?-'&(%"&(=5.<$#,(#0%/#%-'(
6#<(?/88:(&S%&,.&.(./&(%-(#(0-,0&',(65%"(#(8--<&(":.'#/850(0-,%'-8(0#;8&2((@"&(%:$50#8(.&E&0%&.(
<"#$&(-?(#(%&<%(<$&05=&,(#H&'(?#58/'&(6#<('"&.(0#,(;&(<&&,(5,(G59/'&(M2MFN2
((
!"#$%&'B)B*F+(X&E&0%&.(<"#$&(-?(7$&05=&,(K(#H&'(?#58/'&
60
( @"&(<#=&($#D&',(5,(%&'=<(-?(?#58/'&(6#<(<&&,(5,("(<$&05=&,2((G-'(0-=$#'5<-,A(
5=#9&<(<"-65,9(%"&(E&S/'#8(0'#0>5,9(5,(%"&(;-D-=(-?(%"&(.&0>(#,.(0'/<"5,9(5,(%"&(%-$(-?(%"&(
.&0>("#4&(;&&,($'-45.&.(?-'("(%&<%(<$&05=&,2((c'&45-/<8:(<"-6,(G59/'&(M2MFd(<"-6<(%"&(
0-,0'&%&(.&0>(#H&'(?#58/'&(?-'(7$&05=&,()2((@"&(?#58/'&(5,(%"&(.&0>(-?(7$&05=&,(T(0#,(;&(<&&,(
;&8-6(5,(G59/'&(M2MFO2((@"&(?#58/'&(-?(%"&(0-,0'&%&(.&0>(?-'(7$&05=&,(K(0#,(#8<-(;&(<&&,(;&8-6(5,(
G59/'&(M2MFi2(((
!"#$%&'B)B*L+(!-,0'&%&(.&0>(?#58/'&(-?(7$&05=&,(T
61
!"#$%&'B)B*M+(!-,0'&%&(.&0>(?#58/'&(5,(7$&05=&,(K
( G-'(7$&05=&,(MA(#(08-<&(/$(5=#9&(-?(%"&(0'#0>5,9(-?(%"&(;-D-=(-?(%"&(.&0>("#<(;&&,(
<"-6,(5,(G59/'&(M2MF)\2((R(08-<&(/$(5=#9&(-?(%"&(0'/<"5,9(-?(%"&(0-,0'&%&(-,(%-$(-?(%"&(.&0>(5<(
<"-6,(;&8-6(5,(G59/'&(M2MF))2((@"&(-,<&%(#,.(&S%&,%(-?(.&0>(0'#0>5,9(#,.(0'/<"5,9(6#<(
&<<&,1#88:(5.&,10#8(%-(%"#%(-?(7$&05=&,<()(%"'-/9"(K2((R<(7$&05=&,(M(6#<(,-%(8-#.&.(#<(?#'(
;&:-,.(?#58/'&A(%"&(0'#0><(#,.('&95-,<(-?(0'/<"&.(0-,0'&%&(#'&(,-%(#<(#$$#'&,%(5,(%"&($'&45-/<(
<$&05=&,<(%"'-/9"($"-%-9'#$"<2
62
!"#$%&'B)B*(N+((!'#0>5,9(5,(;-D-=(-?(.&0>(?-'(7$&05=&,(M(#H&'(?#58/'&
!"#$%&'B)B*((+(!'/<"5,9(-?(0-,0'&%&(.&0>(?-'(7$&05=&,(M(#H&'(?#58/'&
63
( Z#<&.(-,(%"&(-;<&'4#1-,<(-?(%"&('&<'0"&'&:(#.4#,%#9&<(-?(0-=$-<5%&(0-,<%'/01-,(?-'(;'5.9&<(5<(5=$'-4&.(8-#.(
.&E&01-,(;&"#45-'A(=,5,9(%"#%(#(0-=$-<5%&(;'5.9&(6-/8.(/,.&'9-(8&<<(.&E&01-,(/,.&'(%"&(
<#=&(8-#.(6"&,(0-=$#'&.(%-(#(,-,F0-=$-<5%&(;'5.9&2((@"&'&?-'&A(%"5<(5<(#,(5=$-'%#,%($-5,%(-?(
0-=$#'5<-,(?-'($&'?-'=#,0&(#=-,9(%&<%(<$&05=&,<2((G59/'&(M2UF)(<"-6<(#($8-%(-?(%"&(#$$85&.(
=-=&,%(#%(=5.<$#,(#9#5,<%(%"&(='&.(4&'10#8(.&E&01-,(#%(=5.<$#,(?-'("(<$&05=&,2((
@"5<(9'#$"(08'8:(<"-6<(<5=58#'(8-#.(.&E&01-,(;&"#45-'(;&%6&&,(#88(-?(%"&(<$&05=&,<(#88(%"&(
6#:(/,18(#H&'(%"&($-5,%(-?(?#58/'&(6"&,(%"&(<$&05=&,<(;&9#,(%-(/,.&'9-(4&':(8#'9&(.&E&01-,<2((
`4&,(#H&'(?#58/'&A(%"&(%'&,.(#=-,9(#88(-?(%"&(;=(<$&05=&,<(5<(C/5%&(<5=58#'(65%"(%"&(&S0&$1-,(
-?(7$&05=&,(M(6"&'&(%"&(?/88($-<%F?#58/'&(;&"#45-'(-?(%"&(;=(6#<(,-%(#;8&(%-(;&('&0-'.&.2((
64
!"
#!!"
$!!"
%!!"
&!!"
'!!"
(!!"
)!!"
*!!"
+!!"
!" $" &" (" *" #!"
!"
#
$
%
&
'
(
!)
*
+
'
,
(
-
."
%
/0
1
(
2+345&6(7+8+54)'(-"'91(
,-./01.2"$"
,-./01.2"#"
,-./01.2"&"
,-./01.2"%"
)!3"45"6078-42"
9:;48="
!"#$%&'B)D*(+(c8-%(-?(^5.<$#,(^-=&,%(4<2(^5.<$#,(l&'10#8(X&E&01-,
( @#;8&(M2UF)(<"-6<(%"&(.&E&01-,<(-00/''5,9(65%"(N\r(#%(=5.<$#,(#,.(%"&(;=<(
;&"#45,9(&8#<10#88:2((@"&(.&E&01-,<(?-'(7$&05=&,<()(#,.(T(6&'&(,'8:(5.&,10#8(65%"(8&<<(%"#,(
\2\)J(-?(.5b&'&,0&2((@"&(.&E&01-,(-?(7$&05=&,<(K(#,.(M(6&'&(#8<-(C/5%&(08-<&A(.5b&'5,9(;:(8&<<(
%"#,(\2\MJ2((@"&(.&E&01-,<(6&'&("59"&'(6"&,(%"&(<%/.<(6&'&(=-'&(65.&8:(<$#0&.A("-6&4&'A((
%"5<(5,0'<&(6#<(<188(#$$'-S5=#%&8:(\2)J2((
65
./01&'B)D*(+'^5.<$#,(X&E&01-,<(65%"(N\r(#%(^5.<$#,([`8#<10]
7$&05=&,( ) T K M
X&E&01-,(65%"(
N\r(#%(^5.<$#,
)2T\\ )2T\N )2K\) )2TdK
( @#;8&(M2UFT(<"-6<(%"&(.&E&01-,(#%(=5.<$#,(-00/''5,9(#%(%"&($>(#$$85&.(^-=&,%2(
R=-,9(<$&05=&,<(65%"(/,5?-'=(<$#05,9A(7$&05=&,(T(65%"()2TUJ(.5#=&%&'(<%/.<("#.(,'8:(#,(
5,0"(8&<<(5,(%-%#8(.&E&01-,2((V-6&4&'(;&%6&&,(<$&05=&,<(65%"(<%/.(08/<%&'(R$$85&.(^-=&,%
7$&05=&,( ) T K M
X&E&01-,(#%(c>(
^-=&,%([5,]
M2iM) K2id M2OdK U2Ud\
(
66
( @"5<(&45.&,0&(99&<%<(%"#%(?-'(%"&(/,5?-'=(<$#05,9(0-,W9/'#1-,A(%"&(8#'9&(.5#=&%&'(
<%/.<($&'?-'=&.(#<(6&88(-'(;&D&'(5,(%&'=<(-?(;=(.&E&01-,2((G-'(%"&(08/<%&'&.(<$#05,9(
0-,W9/'#1-,A(&8#<10#88:A(%"&(<$&05=&,<(65%"(8#'9&(.5#=&%&'(<%/.<(08'8:($&'?-'=&.(#<(6&88(-'(
;&D&'(%"#,(%"&(<%#,.#'.(.5#=&%&'(<%/.<2((R%($>(=-=&,%A(%"5<(6#<(,-%(%"&(0#<&A("-6&4&'(5%(
=/<%(;&(0-,<5.&'&.(%"#%(%"&<&(.&E&01-,<(6&'&(,-%(%#>&,(#%(&S#0%8:(%"&(<#=&(=-=&,%(4#8/&<2((
h"&,($8-j,9(%"&('#1-(-?(=5.<$#,(=-=&,%(%-(%"&-'&10#8(=-=&,%(0#$#05%:(#9#5,<%(%"&(
=5.<$#,(.&E&01-,A(%"&(8-#.(.&E&01-,(%'&,.<(?-'(%"&(<$&05=&,<(;&0-=&(&4&,(=-'&(19"%8:(
08/<%&'&.(#<(0#,(;&(<&&,(5,(G59/'&(M2UFT2
!"
!#$"
!#%"
!#&"
!#'"
!#("
!#)"
!#*"
!#+"
!#,"
$"
!" %" '" )" +" $!"
!"
#
$
%
&
'
(
'
)
*
$
"
+
$
,
-
.
/
'
!"
#
$
%
&
'
0
.
1
.
-
2
&
3
'
4$+,-./'5$6$-,"%'72%89'
-./012/3"%"
-./012/3"$"
-./012/3"'"
-./012/3"&"
!"#$%&'B)D*-+'c8-%(-?(%"&(Y#1-(-?(R$$85&.(^5.<$#,(^-=&,%(%-(@"&-'&10#8(^-=&,%(!#$#05%:(4<2(
%"&(l&'10#8(X&E&01-,(#%(^5.<$#,(
67
785$(Z&"#45-'
( 785$(-'('&8#14&(8-,95%/.5,#8(=-4&=&,%(;&%6&&,(%"&(0-,0'&%&(.&0>(#,.(<%&&8(;=(#%(
%"&5'(5,%&'?#0&(5<(#,(5=$-'%#,%(5,.50#%-'(-?(%"&($&'?-'=#,0&(#,.(;&"#45-'(-?(%"&(<"'(<%/.<(#<(
%"&:(&<<&,1#88:($'-45.&(%"&('&<5<%#,0&(%-(%"5<(=-4&=&,%2((@-(0#$%/'&(%"5&:(6#:<2((
( G5'<%A(0/=/8#14&(<85$(6588(;&(&S#=5,&.2((!/=/8#14&(<85$(5<(&<<&,1#88:(%"&(%-%#8(=-4&=&,%((
-?(%"&(<8#;('&8#14&(%-(%"&(<%&&8(<&01-,(-4&'(%"&(&,1'&(8&,9%"(-?(%"&(;=2((+%(6#<(%#;/8#%&.(;:(
%#>5,9(%"&(.5b&'&,0&(-?(%"&('.5,9<(?'-=(%"&(8#<&'(<&,<-'($-<51-,&.(#%(-,&(&,.(-?(%"&(
<$&05=&,(#,.(%"&(8#<&'(<&,<-'($-<51-,&.(#%(%"&(-$$-<5%&(&,.(-?(%"&(<$&05=&,2((h5%"(%"&(<59,(
0-,4&,1-,(/<&.A(%"&<&('.5,9<(0#''5&.(-$$-<5%&(<59,(#$$85&.(=-=&,%(#%(=5.<$#,2
68
!"
#!!"
$!!"
%!!"
&!!"
'!!"
(!!"
)!!"
*!!"
+!!"
#!!!"
!" !,#" !,$" !,%" !,&"
!"
#
$
%
&
'
(
!)
*
+
'
,
(
-
."
%
/0
1
(
23*34&56+(74&8(74"%(-"'91(
-./012/3"$"
-./012/3"#"
-./012/3"&"
-./012/3"%"
)!4"56"7189.53"
:;<59=0>"
!"#$%&'B)D*,+(c8-%(-?(^5.<$#,(^-=&,%(4<2(!/=/8#14&(78#;(785$
69
!"
!#$"
!#%"
!#&"
!#'"
!#("
!#)"
!#*"
!#+"
!#,"
$"
!" !#$" !#%" !#&" !#'"
!"
#
$
%
&
'
(
'
)
*
$
"
+
$
,
-
.
/
'
!"
#
$
%
&
'
0
.
1
.
-
2
&
3
'
04#4/.,5$'6/.7'6/21'82%9:'
-./012/3"%"
-./012/3"$"
-./012/3"'"
-./012/3"&"
!"#$%&'B)D*B+(c8-%(-?(%"&(Y#1-(-?(^-=&,%(%-(@"&-'&10#8(^-=&,%(!#$#05%:(4<2(!/=/8#14&(78#;(
785$
./01&'B)D*,+(!/=/8#14&(785$(l#8/&<(#%(c>(R$$85&.(^-=&,%
7$&05=&, ) T K M
!/=/8#14&(785$(#%(
c>(^-=&,%([5,]
\2T)M \2)UN \2TNT \2K))
70
( @"&(9'#$"<(<"-6,(5,(G59/'&<(M2UFK(#,.(M2UFM(<&&=(%-(5,.50#%&(%"#%(65%"5,("($#5'(-?(
<5=58#'8:(0-,W9/'&.(<$&05=&,(=-=&,%2((@"5<(5<(0-,W'=&.(;:(@#;8&(M2UFT(6"&'&(
5%(5<(<&&,(%"#%(7$&05=&,()("#.(#(8-6&'(0/=/8#14&(<85$(%"#,(7$&05=&,(K(6"58&(7$&05=&,(T(#8<-(
"#.(8-6&'(0/=/8#14&(<85$(%"#,(7$&05=&,(M2((+%(5<(,-%&.(%"#%(%"&(=#9,5%/.&(-?(%"5<(5,0'<&(6#<(
8#'9&'(5,(%"&(0#<&(-?(%"&(8#'9&(.5#=&%&'(<%/.<2((G-'(%"&(W'<%($#5'(-?(;=5$<(
6#<(#$$85&.(%"'-/9"(%"&(#0%/#%-'(#%(=5.<$#,(6"50"("#<(;&&,(<&8&0%&.(#<(#($-5,%(6"&'&(
7$&05=&,(;&"#45-'(#$$'&.(%-(;&(?/88:(&8#<102((G59/'&(M2UFd(<"-6<(%"&(='&.(<85$(#%(%"&(
1=&(-?(%"&($>(#$$85&.(=-=&,%2
71
!"#"$%
!"#"&%
!"#"'%
!"#"(%
"%
"#"(%
"#"'%
"#"&%
"% $% )% ('% (*% '"% '$% ')% &'%
!"
#
$
%
&
"
'
(
)
*
+
"
&
,
#
-
"
(
.
/
0
1
(
2
0
*
3
4
(
50$+#*-"(,&67(86//"&(9*'(2,""+4(
+,-./0-1%'%
+,-./0-1%(%
+,-./0-1%$%
+,-./0-1%&%
!"#$%&'B)D*D+'c8-%(-?(^'&.(785$(4<(X5<%#,0&(R8-,9(%"&(Z=(65%"(N\(r(#%(^5.<$#,(#,.(`8#<10(
Z&"#45-'
( +,(%"&(&8#<10('#,9&A(65%"(N\(>5$<(#%(=5.<$#,A(%"&(='&.(<85$('.5,9<(#'&(4&':(<=#882((
@"&(.#%#($-5,%<(#'&($'5=#'58:(08/<%&'&.(5,(%6-(;#,.5$<(#%(=5.<$#,A(%"&'&(#'&(
72
%6-(;#,.<(-?(/,5?-'=(<"'2((@"&(.#%#($-5,%<(85,&(/$(?#5'8:(08-<&8:(#8%"-/9"(5,(%"&(,&9#14&(;#,.A(
7$&05=&,(K(.-&<(&S"5;5%(<859"%8:("59"&'(4#8/&<(%"#,(%"&(-%"&'(<$&05=&,<2((V-6&4&'A(954&,(%"#%(
%"&(.5b&'&,0&(5<(-,(%"&(-'.&'(-?()("/,.'&.%"(-?(#,(5,0"A(%"&'&(5<(,-('<-,(%-(;&85&4&(%"#%(%"5<(5<(
#(<59,5W0#,%(.5b&'&,0&2
!"#$%
!"#&'%
!"#&%
!"#"'%
"%
"#"'%
"#&%
"#&'%
"#$%
"#$'%
"% (% )% &$% &*% $"% $(% $)% +$%
!"
#
$
%
&
"
'
(
)
*
+
"
&
,
#
-
"
(
.
/
0
1
(
2
0
*
3
4
(
50$+#*-"(,&67(86//"&(9*'(2,""+4(
,-./01.2%$%
,-./01.2%&%
,-./01.2%(%
,-./01.2%+%
!"#$%&'B)D*E+(c8-%(-?(^'&.(785$(4<(X5<%#,0&(R8-,9(%"&(Z=(#%(c>(^-=&,%
73
( @"&(.5<$8#:&.(%'&,.(5<(<5=58#'(#%(%"&(1=&(-?(%"&($>(#$$85&.(=-=&,%(#<(6&88(&S0&$%(
%"#%(%"&(=#9,5%/.&<(-?(%"&(='&.(<85$('.5,9<("#4&(5,0'<&.2((@"&'&(#'&(&<<&,1#88:(%6-(
;#,.5$<(#%(=5.<$#,2((@"&(<&0-,.($#5'(-?(W9/'&<(
<"-6<(%"&(<%/.(<85$(?-'(%"&(<$&05=&,<(6"&,(%"&($>(#$$85&.(=-=&,%(-00/''&.2((
75
!"#"$%&
!"#"$&
!"#""%&
"&
"#""%&
"#"$&
"#"$%&
"& '& (& $)& $*& )"& )'& )(& +)&
!"
#
$
%
&
"
'
(
)
*
"
+
,
$
-
"
'
.
#
/
0
'
1
/
)
2
'
3/4*$)-"',+56'!5##"+'7)8'1,""*2'
,-./01.2&)&
,-./01.2&$&
!"#$%&'B)D*F+(c8-%(-?(7%/.(785$(4<(X5<%#,0&(R8-,9(Z=(65%"(N\(r(#%(^5.<$#,(#,.(`8#<10(Z&"#45-'(
?-'(7$&05=&,<()(#,.(T
( +,(G59/'&(M2UFNA(%"&(<%/.(<85$<(#'&(<"-6,(?-'(7$&05=&,<()(#,.(T(#,.(<&4&'#8(%'&,.<(0#,(;&(
<&&,2((Z-%"(<$&05=&,<(.5<$8#:(8#'9&(<$5>&<(?-'(%"&('.5,9<(#%(%"&(<%/.(8-0#1-,<(-,(&5%"&'(<5.&(
-?(%"&(=5.<$#,(8-#.2((3%"&'(<$5>&<(#'&(45<5;8&(#,.(.-(.5b&'(=-'&(;&%6&&,(%"&(<$&05=&,&(#%(&5%"&'(<5.&(-?(=5.<$#,(5<(=-<%(85>&8:(./&(%-(%"&(&b&0%(-?(%"&("59"(
0-,0&,%'#%&.(8-#.(#%(=5.<$#,(0-/$8&.(65%"(%"&("59"&'(=-=&,%(5,(%"5<('&95-,2(((
!"#"$%&
!"#"$&
!"#"'%&
!"#"'&
!"#""%&
"&
"#""%&
"#"'&
"#"'%&
"#"$&
"& (& )& '$& '*& $"& $(& $)& +$&
!"
#
$
%
&
"
'
(
)
*
"
+
,
$
-
"
'
.
#
/
0
'
1
/
)
2
'
3/4*$)-"',+56'!5##"+'7)8'1,""*2'
,-./01.2&(&
,-./01.2&+&
!"#$%&'B)D*L+(c8-%(-?(7%/.(785$(4<(X5<%#,0&(R8-,9(Z=(65%"(N\(r(#%(^5.<$#,(#,.(`8#<10(Z&"#45-'(
?-'(7$&05=&,<(K(#,.(M
77
( 7$&05=&,<(K(#,.(M(#8<-(<"-6(<$5>&<(5,(%"&(<%/.($#5'<(,'(%"&(=5.<$#,(8-#.2((@"5<(5<(
85>&8:(./&(%-(%"&(<#=&('<-,<(#<(?-'(7$&05=&,<()(#,.(T2((34&'#88A(%"&(9&,&'#8($#D&',(&S"5;5%&.(
;:(%"&<&(<$&05=&,<(5<(08-<&'(%"#,(%"&($'&45-/<($#5'(-?(<$&05=&,<2((+%(<"-/8.(;&(,-%&.(%"#%(%"&(
=#9,5%/.&(-?(%"&(<%/.(<85$<(5<("59"&'A(;/%(%"&(%-%#8(,/=;&'(-?(<%/.(9'-/$<(5<(#8<-('&./0&.2
!"#$%
!"#"&%
!"#"'%
!"#"(%
!"#")%
"%
"#")%
"#"(%
"#"'%
"% (% &% $)% $'% )"% )(% )&% *)%
!"
#
$
%
&
"
'
(
)
*
"
+
,
$
-
"
'
.
#
/
0
'
1
/
)
2
'
3/4*$)-"',+56'!5##"+'7)8'1,""*2'
+,-./0-1%)%
+,-./0-1%$%
!"#$%&'B)D*M+(c8-%(-?(7%/.(785$(4<(X5<%#,0&(R8-,9(Z=(#%(c>(R$$85&.(^-=&,%(?-'(7$&05=&,<()(
#,.(T
78
( R%($>(8-#.(?-'(7$&05=&,<()(#,.(TA(=#9,5%/.&<(-?(%"&(<%/.(<85$<("#4&(08'8:(5,0'<&.(
<5,0&(%"&($8-%(<"-6,(65%"(-,8:(N\(>5$<(#%(=5.<$#,2((@"&(#859,=&,%(-?(%"&(4#8/&<(?-'(%"&(%6-(
<$&05=&,<(5<(#8<-(=/0"(08-<&'2((@"&(<#=&($#D&',(65%"(8#'9&($><(?-'(<%/.(<85$<(%-(&5%"&'(<5.&(-?(
%"&(=5.<$#,(8-#.(5<(<188(08'8:(45<5;8&2((+,(%"5<(9'#$"A(%"&'&(5<(#8<-(#(=/0"(<=#88&'(C/#'%&'<$#,(
$>(45<5;8&2((!-=$#'5,9(%"&(%'&,.(-?(<%/.(<85$<(;&%6&&,(7$&05=&,<()(#,.(TA(%"&'&(5<(,-(
&45.&,0&(%-(99&<%(%"#%(5,(%&'=<(-?(<85$A(%"&'&(5<(#(.5b&'&,0&(5,($&'?-'=#,0&(;&%6&&,(,-'=#8(
#,.(8#'9&(.5#=&%&'(<"'(<%/.<2
!"#$%&
!"#$&
!"#"%&
"&
"#"%&
"#$&
"#$%&
"& '& (& $)& $*& )"& )'& )(& +)&
!"
#
$
%
&
"
'
(
)
*
"
+
,
$
-
"
'
.
#
/
0
'
1
/
)
2
'
3/4*$)-"',+56'!5##"+'7)8'1,""*2'
,-./01.2&'&
,-./01.2&+&
!"#$%&'B)D*(N+(c8-%(-?(7%/.(785$(4<(X5<%#,0&(R8-,9(Z=(#%(c>(R$$85&.(^-=&,%(?-'(7$&05=&,<(
K(#,.(M
79
( +,(G59/'&(M2UF)\A(7$&05=&,<(K(#,.(M(.5<$8#:(#(4&':(<5=58#'($#D&',(5,(%&'=<(-?(<%/.(<85$2((
R<("#<(;&&,(<&&,(5,(#88($'&45-/<(<%/.(<85$($8-%<(%-(&5%"&'(<5.&(-?(%"&(
=5.<$#,(8-#.2((@"&'&(5<(,-%(#(08'($>(.5<$8#:&.(,'(%"&(C/#'%&'<$#,(8-#.2((@"&(-4&'#88(
=#9,5%/.&(-?(%"&($><(5<(8#'9&'(?-'(7$&05=&,<(K(#,.(M(%"#,(?-'(%"&(W'<%($#5'(-?(<$&05=&,<(5<(4&':(<5=58#'(;&%6&&,(
7$&05=&,<(K(#,.(M2((m54&,(%"5<(#,.(%"&(-4&'#88(<5=58#'(%'&,.(.5<$8#:&.(5,(%"&(.#%#A(5%(.-&<(,-%(
#$$'(%"#%(%"&'&(5<(#(08'(;#<5<(%-(99&<%(#(.5b&'&,0&(5,($&'?-'=#,0&(;&%6&&,(%"&()2TUJ(
.5#=&%&'(<%/.<(#,.(%"&(NLOJ(.5#=&%&'(<%/.<2
7%'#5,(Z&"#45-'
( +,(#..51-,(%-(%"&(<&,<-'<(.5'&0%8:(='5,9(<85$(#%(%"&(0-,0'&%&(%-(<%&&8(5,%&'?#0&A(%"&'&(
6&'&(#8<-(<%'#5,(9#9&<(-,(;-%"(%"&(0-,0'&%&(#,.(<%&&8(#%(%"5<(5,%&'?#0&(#<(6&88(#<(-%"&'(8-0#1-,<(
65%"5,(%"&(0'-<<(<&01-,(%-(5,.50#%&(#,:(5=$-'%#,%(<%'#5,(.5b&'&,1#8<(;&%6&&,(%"&(=#%&'5#8<2((R<(
0-,0'&%&(<%'#5,(9#9&<(0-/8.(,-%(;&(#$$85&.(.5'&0%8:(#%(%"&($-5,%(-?(8-#.(#$$850#1-,A(%"&(&59"%"(
<$#,(8-0#1-,<(6&'&(5,<%'/=&,%&.(65%"(<%'#5,(9#9&<(-4&'(%"&(?/88("&59"%(-?(%"&(0'-<<(<&01-,2((
@"&(KLO%"(<$#,(<%'#5,($'-W8&<(#'&(954&,(5,(G59/'&<(M2UF))(#,.(M2UF)TA(W'<%(?-'(6"&,(%"&(<$&05=&,(
;&"#45-'(#$$'&.(?/88:(&8#<10(65%"(N\r(#%(^5.<$#,A(#,.(%"&,(6"&,(%"&(<$&05=&,<(6&'&(/,.&'(
%"&($>(#$$85&.(=-=&,%2(
80
!"
#"
$"
%&"
%'"
&!"
"
&$"
(%!!!" ()!!" !" )!!" %!!!" %)!!"
!
"
#
$
%
&
'
(
)
*
+
"
'
,
*
-
*
.
'
/0
(
1
$
"
'
2
#
1
3
'
4&5(#1'2.#65*7&5(#13'
*+,-./,0"&"
*+,-./,0"%"
*+,-./,0"#"
*+,-./,0"1"
G59/'&(M2UF))*(KLO%"(<$#,(<%'#5,($'-W8&(65%"(N\(r(#%(=5.<$#,
( h5%"(N\r(#%(=5.<$#,A(%"&(.#%#($-5,%<(?-'(#88(?-'(<$&05=&,<(?#88(#8=-<%(.5'&0%8:(-,(%-$(-?(
"(-%"&'(?-'(&4&':(.#%#($-5,%2((@"&(<%'#5,($'-W8&(#$$'<(4&':(85,'(5,.50#1,9(&8#<10(
81
;&"#45-'2((@"&(.5b&'&,1#8(<%'#5,(#%(%"&(<%&&8(%-(0-,0'&%&(5,%&'?#0&(5<(4&':(<=#882((+%(=#:(<188(;&(
<&&,(?'-=(%"5<(<=#88(.5b&'&,0&("-6&4&'A(%"#%(?/88(0-=$-<5%&(;&"#45-'(5<(,-%(-;%#5,&.(5,(#,:(-?(
%"&(<$&05=&,<2((((@"&'&(5<(,-(&45.&,0&($'-45.&.(;:(%"5<(.#%#(%-(99&<%(#(.5b&'&,0&(5,(<%'#5,(
;&"#45-'(;&%6&&,(%"&(,-'=#8(.5#=&%&'(<%/.<(#,.(8#'9&(.5#=&%&'(<%/.<(-'(;&%6&&,(%"&(
/,5?-'=8:(<$#0&.(<%/.<(#,.(%"&(65.&8:(<$#0&.(<%/.(08/<%&'<(65%"5,(%"&(&8#<10('#,9&2
82
!"
#"
$"
%&"
%'"
&!"
"
&$"
(&!!!" !" &!!!" #!!!" '!!!" $!!!"
!
"
#
$
%
&
'
(
)
*
+
"
'
,
*
-
*
.
'
/0
(
1
$
"
'
2
#
1
3
'
4&5(#1'2.#65*7&5(#13'
)*+,-.+/"&"
)*+,-.+/"%"
)*+,-.+/"#"
)*+,-.+/"0"
!"#$%&'B)D*(-+(KLO%"(<$#,(<%'#5,($'-W8&(/,.&'($>(#$$85&.(=-=&,%(#%(=5.<$#,
( _,.&'($>(#$$85&.(=-=&,%A(%"&(<%'#5,(;&"#45-'(5<(<5=58#'(;&%6&&,(%"&(<$&05=&,5,><(45<5;8&(5,(%"&(<%'#5,($'-W8&<(
83
?-'("(-?(%"&(<$&05=&,<(5,.50#1,9(,-,F85,'(;&"#45-'2((@"&(<%'#5,(.5b&'&,1#8(#%(%"&(<%&&8(%-(
0-,0'&%&(5,%&'?#0&(5<(#8<-(=/0"(=-'&(45<5;8&2((@"5<(5<($#'10/8#'8:(&45.&,%(?-'(7$&05=&,(K2((@"&'&(
#'&(%6-(,&/%'#8(#S&<(08'8:(45<5;8&(5,(%"5<($8-%A(-,&(5,(%"&(<%&&8(<&01-,(#,.(#,-%"&'(5,(%"&(
0-,0'&%&(<&01-,(5,.50#1,9(%"#%(?/88(0-=$-<5%&(;&"#45-'(5<(,-%(<&&,(5,(%"&(<$&05=&,<(#%(%"5<(
<%#9&(-?(%"&(%&<%2((Z-%"(<$&05=&,<(65%"(8#'9&(.5#=&%&'(<%/.<(.5<$8#:(8-6&'(;-D-=(E#,9&(<%'#5,&:(W,.5,9<(#,.(0-,08/<5-,<(-?(%"&(
'&<'0"(&b-'%2((RH&'(==#'5I5,9(%"&(W,.5,9,-68&.9&(;#<&(-,(%"&(
5=$8&=&,%#1-,(-?(8#'9&(.5#=&%&'(<"'(<%/.<(5,(0-=$-<5%&(;'5.9&(0-,<%'/01-,(6588(;&(
.5<0/<<&.2
U2T(!-,08/<5-,<
( 7&4&'#8(>&:(W,.5,9<(0#,(;&(.'#6,(?'-=(%"5<(&b-'%('&9#'.5,9()2TUJ(8#'9&(.5#=&%&'(<"'(
<%/.<(5,(0-=$-<5%&(;'5.9&(0-,<%'/01-,*
s (R($#'1#8(0-=$-<5%&(#01-,(#,#8:<5<('&4&.(%"#%(<$&05=&,<(?#;'50#%&.(65%"(8#'9&(.5#=&%&'(
<"'(<%/.<(6&'&(#;8&(%-(9#5,(%"&(<#=&(-'("59"&'($&'0&,%#9&<(-?(%"&-'&10#8(<%'&,9%"(
0#$#05%:(6"&,(<$#0&.(/,5?-'=8:(-'(5,(65.&8:(<$#0&.(08/<%&'<(#<(0-=$#'&.(%-(<%#,.#'.(
.5#=&%&'(<%/.<(5,(0-=$#'#;8&(0-,W9/'#1-,<2
s (7%'&,9%"($&'?-'=#,0&(-?(<$&05=&,<(65%"(65.&8:(<$#0&.(<%/.(08/<%&'<(6#<(<859"%8:('&./0&.(
0-=$#'&.(%-(<$&05=&,<(65%"(/,5?-'=(<%/.(<$#05,9('&9#'.8&<<(-?(<%/.(.5#=&%&'2
85
s (h&8.5,9(-?(8#'9&(.5#=&%&'(<%/.<(65%"(0-==&'05#88:(#4#58#;8&(<%/.(6&8.5,9(&C/5$=&,%(5<(
?<5;8&(#,.(#$$'<(%-($'-./0&(0-,<5<%&,%A("59"(C/#85%:(6&8.<2
s @"&(45#88:(-;<&'4&.(<$&05=&,(;&"#45-'(#,.(?#58/'&(=&0"#,5<=<(6&'&(0-,<5<%&,%(;&%6&&,(
#88(<$&05=&,<('&9#'.8&<<(-?(<%/.(%:$&(-'(<$#05,9($#D&',(/185I&.2
s X5b&'&,0&<(5,(<85$(;&"#45-'(;&%6&&,("($#5'(-?(<5=58#'8:(0-,W9/'&.(%&<%(<$&05=&,<(6&'&(
=5,5=#8A("-6&4&'A(%"&($#5'(-?(<$&05=&,<(65%"(8#'9&'A(08/<%&'&.(<$#05,9(&S"5;5%&.("59"&'(
0/=/8#14&(<85$(%"#,(%"&(/,5?-'=8:(<$#0&.(<$&05=&,<2
s `8#<10(<%'#5,($'-W8&<(?-'(#88(<$&05=&,<(6&'&(,'8:(5.&,10#82
( +,(&S#=5,5,9(%"&(;-.:(-?(&45.&,0&($'-./0&.A(%"&'&(5<(0-,<5.&'#;8&(&45.&,0&(%-(99&<%(
%"#%(8#'9&()2TUJ(<%/.<(&S"5;5%(<5=58#'(-'(9'%&'(<%'&,9%"(#,.(./0185%:(6"&,(/185I&.(5,(0-=$-<5%&(
;'5.9&(0-,<%'/01-,(#<(0-=$#'&.(%-(,-'=#8(NLOJ(.5#=&%&'(<%/.<2((@"&'&(5<(85D8&(&45.&,0&(%-(
99&<%(-%"&'65<&2((+,(%"&(/,5?-'=(<%/.<(<$#05,9(0-,W9/'#1-,(5,(%&'=<(-?(<$&05=&,(<85$A(<%'#5,(
;&"#45-'A(#,.(.&E&01-,A(%"&(8#'9&(.5#=&%&'(<%/.<(#8<-(&S"5;5%&.($&'?-'=#,0&(=&&1,9(-'(
&S0&&.5,9(%"-<&(-?(,-'=#8(.5#=&%&'(<$&05=&,<2((@"&(&45.&,0&(5,.50#%&<(%"#%(%"&(<$&05=&,<(
65%"(65.&8:(<$#0&.A(08/<%&'&.(0-,W9/'#1-,<(.5.(,-%($&'?-'=(#<(6&88(5,(%&'=<(-?(<%'&,9%"A(<85$A(
-'(.&E&01-,2((@"&(8#'9&(.5#=&%&'(<%/.(<$&05=&,(5,(%"5<(0-,W9/'#1-,(&S"5;5%&.(<5=58#'(;&"#45-'(
%-(%"&(<$&05=&,(65%"(<%#,.#'.(.5#=&%&'(<%/.<2((@"&(.&0'<&(5,(<%'&,9%"(5,(=-45,9(?'-=(8#'9&(
.5#=&%&'(<%/.<(#%(/,5?-'=(<$#05,9(%-(%"-<&(=-'&(65.&8:(<$#0&.(#,.(#''#,9&.(5,($#5'<(6#<(8&<<(
%"#,(%"&(0-''&<$-,.5,9(.'-$(5,(<%'&,9%"(<&&,(5,(,-'=#8(.5#=&%&'(<%/.<2((@"5<(%'&,.(6#<(
86
'&4&'<&.("-6&4&'A(?-'(<85$(6"&'&(%"&(8#'9&(.5#=&%&'(<%/.<(<"-6&.(#(9'%&'(.&0'<&(5,(
$&'?-'=#,0&(%"#,(%"&(,-'=#8(.5#=&%&'(<%/.<2
U2K(X&<59,(!-.&(Y&0-==&,.#1-,<
( @"5<('&<'0"(&b-'%("#<(,-%('&4&.(#,:(0-,0&',<(65%"(%"&(<%'&,9%"($&'?-'=#,0&(-?(
8#'9&(.5#=&%&'(<%/.<2((@"&'&(5<(#8<-(,-(&45.&,0&(%-(99&<%(#(?/,.#=&,%#8(.5b&'&,0&(5,(%"&(
./018&(;&"#45-'(#,.(8-#.('&.5<%'5;/1-,(#;5851&<(-?(8#'9&(.5#=&%&'(<%/.<(#<(0-=$#'&.(%-(
0-,4&,1-,#88:(<5I&.(<%/.<(/<&.(5,(0-=$-<5%&(;'5.9&(0-,<%'/01-,2((+%(5&:(&8&=&,%<(&<%#;85<"&.A(
87
#..51-,#8(%&<1,9(-,(<&'450585%:(85=5%(<%#%&($#,&8<(65%"(.5<0'&%&($-0>&%<(-?(<"'(<%/.<(
=#:(;&(6#''#,%&.A(#<(%"&'&(.5.(#$$'(%-(;&(<-=&(5,.50#1-,<(-?(5,0'<5,9(.&E&01-,<(#,.(<85$(
<&&,(5,(<$&05=&,<(65%"(8#'9&(.5#=&%&'(<%/.<(9'-/$&.(#%(#(65.&'(<$#05,92((
( G#;'50#1,9(#(?/88(<0#8&(0-=$-<5%&("59"6#:(;'5.9&(/<5,9(8#'9&(.5#=&%&'(<"'(<%/.<(6-/8.(
$'-45.&(?/'%"&'(5,<59"%(5,%-(%"&($'#010#8(;&,&W%(#,.($-<<5;8&(1=&(<#45,9<(-?(/<5,9(8#'9&(
.5#=&%&'(<%/.<2(R..51-,#88:A(5,(%"&(?/%/'&(;&5,9(#;8&(%-(5,<%'/=&,%(#(<%'/0%/'&(0"(#<(%"5<(
6-/8.(?/'%"&'(4#85.#%&(%"&(0-=$8&%&($&'?-'=#,0&(-?(%"&(;'5.9&(#,.(5%<(<"'(0-,,&0%-'<(?-'(#88(
85=5%(<%#%&<2(
(
88
Y&?&'&,0&<
RR7V@3([T\)\]2((!!#89:%;<=>%30)56'%>'7)6.%#&'()*(+,-.7A(U%"(`.51-,2((h#<"5,9%-,(X2!2
R+7!([T\)\]2(#&'()*(+,-.%/-0%#104(140+2%#1''2%34)25).67?%%!"50#9-2
Z#.5&A(7#=&"(72A(@#.'-5<"A(V/<<#=(G2A(7$5D9&';&'A(X#'5,(Q2A(Z#5<":#A(^#,%/(
( !2A([T\\T]2((;+06'%#@'+0%#1457%/-0%$-A&-7)1'%!(,-.%).%#1''2%30)56'%B)05'07?%%t-/',#8(-?(
( Z'5.9&(`,95,&&'5,9A(^#:Lt/,&(T\\T2
Q&&A(c58Fm--2A(7"5=A(!"#,9F7/2A(#,.(!"#,9A(7/,9Fc582([T\\U]2((#1+,(%+.5%=+,64'%3'@+C)-0%-/%
% ;+06'%#145%#@'+0%$-..'(1-07%/-0%#1''2D$-.(0'1'%$-A&-7)1'%30)56'7?((t-/',#8(-?(
( !-,<%'/01-,#8(7%&&8(Y&<'0"(d)2($()TN\F)TOU2
^/,.5&A(X#,5&8(Q2([T\))]2((=+,64'%9'7,.6%+.5%>'7)6.%-/%;+06'%>)+A'1'0%#@'+0%#1457%E7'5%).%
% 8)6@F+G%30)56'7?%%^272(@"&<5<2(R/;/',(_,54&'<5%:2
78/D&'A(Y-9&'(m2(#,.(X'5<0-88A(m&-'9&(!2([)idU]2((=2'H40+2%#10'.61@%-/%#1''2%$-.(0'1'%$-A&-7)1'%
% 3'+A72((t-/',#8(-?(%"&(7%'/0%/'#8(X545<5-,A(R7!`(l-82(i)(k-2(7@T2
89
7"5=A(!"#,9F7/2A(Q&&A(c58Fm--2A(#,.(e--,A(@#&Fe#,92([T\\M]2((#1+,(%3'@+C)-0%-/%;+06'%#145%#@'+0%
% $-..'(1-07?%%`,95,&&'5,9(7%'/0%/'&<(Td2($()OUKF)Od\2
90
R$$&,.5S()*(^588(Y&$-'%<
R)2)(hT)SMM(^588(@&<%(Y&$-'%
(
91
R)2T(NLOJ(X5#=&%&'(7"'(7%/.(^588(@&<%(Y&$-'%
92
93
94
95
R)2K()2TUJ(X5#=&%&'(7"'(7%/.(^588(@&<%(Y&$-'%
96
97
R)2M(Y&;#'(^588(@&<%(Y&$-'%
98
R$$&,.5S(T*(R..51-,#8(!-,0'&%&(X#%#(#,.(Y&$-'%<
RT2)(!-,0'&%&(Z#%0"()(Y&$-'%
k-%&*(RXlR()M\^(6#<(,-%(5,08/.&.(5,(%"&(W,#8(=5S(;/%(6#<(5,08/.&.(-,(%"&(;#%0"('&$-'%(#<(#(
<%#,.#'.(=5S(.&<59,(6"50"(5,08/.&<(RXlR()M\^(6#<(/<&.2
99
RT2T(!-,0'&%&(Z#%0"(T(Y&$-'%
SBLD TC DELIVERED
TO
*Aubl]i.n LJniv.
.
Engineer Dept HARBERT ENGINEERING
DEPT FORI"I # A 23564
CONTROL * ?47 LgO
.
DATE: LO/e5/tL
TIl"lE: O7:18:06
CST:1O5O48?P JOB:13 HIX:AL-AFIC ALDOT
Bridge Sup PLANT:62?
I'JATER ADJ: -8.C EffL/EUYD ADMIX ir.: 1OO 1OO lOO MAX ADD
WTR: se.O
APIT: 5,Stl0 EUYD DELIVERED: 6.5OO CUYD
TBUCK ID:3514 ORMR ID:3518
BATEH I 0F 1 CUYD: 6.500
ZEROS : ffGGA ALB f,l'tTA a 1 LB I,JTRA - 1LF
DESf,R]PTIEN HTRL BIN AMOUNT TAREET SUBSTITUTED IN
PREVIOUS HTL
#67 Llneston POB AGA3 1e493LB l?474
Conc, Sand 3O1 AgAe 847BLB B4O3
Cenent lOa CmAl 3e48LB 3??4
C - Ash 111 C Ae
g11LB
A06
I er 600 lrTfl 1 B95LB 497
3YX3"'??"o,^ ;:E i3l? "",81 '?:
nd
addacl
Daratard 37 443 ADA3 SOBZ 78
% |4B1CT: AGA3 1.O AGA? 4.O
ZERtrs : r1Egf; sLB EI4TA 1LB I^,TEA 1 eLB
TOLERANICES AG6/SND: O.+39v, Cl4T/FLY: O.7?9% l^lTR: -O.198% ADl"1:
O.513i4
ACTUAL NATER/CEHENT RATIOT O.334
DRY AGG SAND CMT /FLY ADI'I
I^JATER TOTAL
I,IEIGHTS EO51ELB OLB 4A79LB 9.34L8 134?LB 23949L8
100
RT2K(!-=$8&%&(Z#%0"()(!:85,.&'(@&<%(X#%#
./01&'I-),*(+'45671&3&'4>1"8?&%'.&<3'A/3/'H5%'458=%&3&'O/3=@'(
c-/'(X#%& c-/'(@5=&
)\LML)) d*MU$=
!:85,.&'(@&<%(X#%& !:85,.&'(@&<%(@5=& !:85,.&'(R9&(
[.#:<]
G-'0&(Y.5,9[8;<] !:85,.&'(7%'&,9%"(
[$<5]
)\L)TL)) )*)U$= N d)NO\ MiT\
)\L)TL)) )*)U$= N UOTT\ MdK\
)\L)TL)) )*)U$= N UdKN\ MMO\
)\L)OL)) K*))$= )M dTUN\ MiO\
)\L)OL)) K*))$= )M dUTd\ U)i\
)\L)OL)) K*))$= )M ddid\ UKK\
))L)L)) )*)U$= TO dOT\\ UMK\
))L)L)) )*)U$= TO ddMO\ UTi\
))L)L)) )*)U$= TO ddKi\ UTO\
)LML)T K*)U$= iT dd\)\ UTU\
)LML)T K*)U$= iT ddUU\ UTi\
)LML)T K*)U$= iT dUN)\ UTK\
ML))L)T )T*)U$= )i\ dMi\\ U)d\
ML))L)T )T*)U$= )i\ dTTd\ MiU\
ML))L)T )T*)U$= )i\ UiMM\ MNK\
UL)\L)T K*\\$= T)i UNOU\ Md\\
UL)\L)T K*\\$= T)i UdNT\ MU)\
UL)\L)T K*\\$= T)i d\TO\ MO\\
101
RT2M(!-=$8&%&(Z#%0"(T(!:85,.&'(@&<%(X#%#
./01&'I-)B*(+'45671&3&'4>1"8?&%'.&<3'A/3/'H5%'458=%&3&'O/3=@'-
c-/'(X#%& c-/'(@5=&
)\LTUL)) ))*MU#=
!:85,.&'(@&<%(X#%& !:85,.&'(@&<%(@5=& !:85,.&'(R9&(
[.#:<]
G-'0&(Y.5,9(
[8;<]
!:85,.&'(7%'&,9%"(
[$<5]
))L)L)) )*)U$= N UdTi\ MMO\
))L)L)) )*)U$= N UKTU\ MTM\
))L)L)) )*)U$= N UUTM\ MM\\
))LOL)) K*))$= )M dKKO\ U\M\
))LOL)) K*))$= )M dMTd\ U))\
))LOL)) K*))$= )M dTMU\ MiN\
))LTTL)) T$= TO ddiO\ UKK\
))LTTL)) T$= TO dU\M\ U)O\
))LTTL)) T$= TO dMdd\ U)M\
)LTKL)T M*\K$= i\ UMKK\ MKT\
)LTKL)T M*\K$= i\ dKNO\ U\N\
)LTKL)T M*\K$= i\ dUdU\ UTT\
OLdL)T i*Md#= TOd d)KM\ MOO\
OLdL)T i*Md#= TOd UOTK\ MdK\
OLdL)T i*Md#= TOd d)Ui\ Mi\\
iL)dL)T U*)T$= KTN U\OU\ M\U\
iL)dL)T U*)T$= KTN dUMi\ UT)\
iL)dL)T U*)T$= KTN dU\U\ U)O\
102