!
"$#&%'
()"**+

0

13254

687:9<;=2?>A@CBDB<@FE:GIH

,.-/

2JB<K:LNMPO)LQ9R>:LS9UTV@E:GVWX@TV@BZY\[^]_2`9U@FTV2aE=B<bdcfegbhBib

jlkmn$oikSprq^sdt^uwvxzy|{^k}v!xz~!k
x\Jq&
)Cz= .zC}CFNiCiCF.}i $$!i.
CF   dF  ) U#"**C()a }$
X%D z) U# "**C(C
5Q
r r $^!.'r^):ah)).Q}N r a:)$z h
$$$d5SFw))))$dFC N C  r wS}^)Ur r ))a)$!$
FJ$) )!.X)) =)rF ). $$!<`.`)
dl$.) F$F)r$ $!<5
F Fahh.D$h r <)i r i)$< SF l )F$!h.).C  5)
 d) Fla)$FJSF$QF .` = l=)
CSh d F5
)F )$$aa.`) aawFa}lr)'$))a)$.$d=Q)F) $J$
ld)=` r$h  l=$dl w$ h).)$)a.$FU)F)$)JQ$
)FaF$r``ar)$  lar z Ja`$`5 `` r.d))))$$a$$
aN<^d
) 
$
   
$

!#"%$
&(')*,+-$

ui 
z
TD$|

)  U) UC 
 
`C
 % 
   * DC
r

140
KEELER , START OF SURFACE
DEPRESSION

120

Major strain/%

.0/2143657984:<;2=?> :<84:<@BAC7ED1GFIHJK0LM57M@9/2143657984:<;=G> : 8N:<@

O :
P*=7P*8QFIHJ(RSLT:
U0PVCUE136C2>
AW5;AW1WXY@Z36570A/P79PA@E1#7E: [W: ;2=@9/21
365798\P*]2: ><:<@_^`5*3aUE/21W1W@M841W@9P*>cb
da/2:
A/7E1We1#A@9US@E/1\84P*fY:<8BC28
X279:<;AW:<XP*>gU@E7P*: ;UN@E/P*@AWP;h]1iUECU_@P*: ;21 O ]j^hUE/21#1@k8\P%@91l
7E:
P*>
UgX7E: 57m@E5k@9/21N5;UE1@S5*3n> 5jA#P*> :<[#1 O ;21,Aoj:<;2=prqm8N5;2=k@9/21
841@E/5 O UsX2795X5UE1 O @95mA/P79PA@E1#7E: [W1@9/21n3657E8\P]2:<> :<@_^r53YUE/21#1@
841@9P>Ib,@9/21tA5;A1#XY@s53YHJ(RuP*; O @E/21tU@E7P*: ;P*;P><^YUE: U
8N1W@E/25 O
:<;v@97E5 O CAW1 O ]j^ wM1W1#><1#7Wx y{zZP*; Ou| 5j5 O da:<;}x ~zT5;@E/21]PUE:
UV5*3
=79: O @E1,A/2;2:
vC21P*791S845vU_@ada: O 1W> ^CUE1 O p
wM1W1W> 1W7 x yz P*@7U_@V: ;v@E795 O CA1 O @9/21A5;A1#XY@V5*3T@E/21HJ(R
:<; /#. , bvda/2:
A/d0PUZPVX2> 5*@05*3s@E/21M8\P%fY: 8C288\P%_57ZU@E7P*: ;U
@E/P*@Bd0PU8N1,PUEC2791 O 5;uUE/21#1@B8\P*@E1W79:
P*>
UX279:<57V@E5i3679PA@EC7E1
P*; O 791#U@E79:
A@E1 O da:@9/2:<;@E/217E: =/v@UE: O 15*3M@E/21A5j57 O : ;P%@91#U
X2>
P*;21p | 5v5 O da: ;}x ~z08\P O 1CX@E/1> 13@kUE: O 1G: ; /# b(@9/jCU
@E/214A584X2><1W@E1NHJ(R365798N1 O F-H: =p / LpM.0/214A5;A1#XY@r53tHJ(R
X2795%Dv: O 1,UM@E/21k365C2; O P%@E: 5; 3657V@9/21791#UE1#P79A/5*3gUE/21W1W@841@9P>
3657984:<;2=BP*; O @9/21m1#D%P*> CP%@9:<5;\5*3}D%P*79:<5CUn: ;U@9P*]:<> :@_^4A79:<@E1W79:
P2p
| 1W;21#79P><> ^k@9/21W791P*791S@E/2791W18N1W@E/25 O Ug@E5\1,U_@P*]2> : UE/iHJsRBb
 v @E/21#5791@9: A#P*>cbN;jC2841#7E:
AWP>NP; O 1WfYX1#7E: 841W;v@9P>N841W@E/25 O U#p
.0/21W57E1W@E:
AWP>
HJ(R:
Ua5]Y@9P:<;21 O PAWAW57 O : ;2=N@E5 O :<!1W791W;v@g^j:<1#> O
A79:@91W79: PGP*; O U@E791#U9U_l{U@E7P*: ;/P7 O 1#;2: ;2=>
Pd]PUE1 O 5; O :!1W7El
1W;v@g: ;U_@P*]2: > :@_^?A79:@91W79: PpTj58N11WfYX1#7E: 841W;v@9P>
7E1,UC>@Ua:<;?> :@El
1W7P%@9C27E1/PD1U/25%da;@9/P%@G@E/1X2791 O : A@E: 5;53BHJsR]PUE1 O
5;X2>
PU@E:
A:<@_^i@9/21W57E^: U;25*@B1f2PA@1W;25C2=/sbP; O @E/21@E/21#5*l
7E1W@E:
AWP>(X2791 O : A@E: 5;i:
Um;5*@P*;i1W\AW:<1#;v@Sd0P^@951,U_@9:<8\P%@91@9/21
365798\P*]2: ><:<@_^V53!UE/21W1W@8N1W@9P>2 { A584X2> 1fNU_@979P:<;NXP%@9/UWx zp({;
@E/21m;vC8N1#7E:
AWP>UE:<8BC2> P*@E: 5;N@E/1g84:<;2: 8C87P%@9:<5M@9/2: Aoj;21,UEUn57
O CA@E: ><1B3679PA@9C27E1BA79:@91W79: PkP7E1V@9P*o1W;PUa@9/21NAW7E:<@E1#7E:
P4@951#U@E:<l
8\P%@E1M@9/21V]1W=:<;2;:<;2=\53:<;U@9P]2: ><:<@_^b2]CY@mda/21W@E/21#7a@E/218N: ;2:<l
8C28Q7P%@9:<5@E/2:
Aoj;21#U9Ur5*3 O :<!1W791W;v@MU@E7P*: ;XP%@E/Ur:
UrC2;2:<365798
P*; O @E/1VP*X2X2> :
AWP*]:<> :@_^5*3 O :!1W791W;v@ O CA@E: ><1M367PA@EC2791A79:@91W79: P
: UaU@E: > >
C2; O :
U9A5%D1#7E1 O p
.0/211WfjX1W79: 8N1#;v@9P*>T841@E/5 O U]PU1 O 5; @9/21=7E: O U_@979P:<;
P*;P><^YUE: Uu@E1,A/2;2:
vC213657 O 1@91W7984:<;2: ;2=HJsRP*791dT1#><>?1#Ul
@9P]2><:
UE/21 O btda/21W791k@9/21UEC27E3-PA1><: 84:@4X279:<;A: XP*>0U_@979P:<;UF6 y b
~ L57F y b ~ L]j^U_@97E1W@9A/2: ;2=5%D1#7@9/21;257E8\P*>41WfjX1W7El
:<841#;@1,vC2:<X8N1#;v@P*; O A/P;2=: ;2=@E/1UX1#AW:<841W;Uda: O @E/

GOODWIN, ACTUAL FAILURE

BAND(PUNCH STRETCH
TESTS & PRODUCTION)

100

80

60

40

20

0
60 50

40

30 20

NEGATIVE

U

10

10

20

30

40

50 60

POSITIVE

Minor strain/%
.rt.F4 c

P*; O @E/21a> C2]279:

AWP%@9:<5;NP7E105]Y@9P:<;21 O p.0/21W;4]j^V8\P*79oj:<;2=S@9/21#UE1
O P%@P5;@E/21iAW5v57 O :<;P*@E1,U\U^YU@E1W8P*; O _5: ;2: ;2= @E/1W8: ;P
X27E5X1#7AC279D1MF-H: =p - Ls57nA584X5vU: ;2=rPS]P; O F-H:<=p vLPAWAW57 O l
:<;2=@E5@E/21BX5:<;v@9U O :
U_@97E: ]2CY@9:<;=GA/P79PA@91W7,bHJK57rHJsR:
U
PDP:<>
P*]><1x Ez-p
{; 1WfjX1W79: 8N1#;v@#b}@9/21\]1#=: ;2;2: ;2=?5*3Z;21#Aoj: ;2= O 1WX1W; O UM5;
@E/21_C O =1W841W;v@53@E/11WfYX1#7E: 841W;v@E1#79U#p.0/jCU@9/21 O P%@P
X5:<;v@9U O :
U_@97E: ]2CY@91 O :
UX1W7U1 O > ^P; O A5;A1W;v@979P*@E1\: ;uP`U_@97E: X
7E1#=: 5;5;u@9/21?da/25> 1pqZ@4X7E1,U1#;@,bn845U@\7E1,U1,P*7A/21W7UV5]Yl
@9P*: ;HJK]j^;5;2> :<;1#P*7 O P*@9P%lc2@E@E: ;2=h: ;@9/21><1,PU@l{UEvCP7E1
U1#;U1da:<@E/VAW5;U@E7P*: ;v@
A5; O :@9:<5;M5*3YXPU9UE:<;2=Z@9/21nX2>
P*;21TU_@979P:<;
X5:<;v@57 O 1W;210@9/21a><5%dZ1W7> :<84:<@n5*3@E/21 O P%@9P O :
U@E79:<]2C2@E: ;2=7E1Wl
=: 5;k@95B]1VHJKrp2qrUZ3657Z@E/21S3657E841W7,bj5;2> ^k5;21SAWC279D1S: U0;25@
1W;25C2=/@E5iUE/25%d@E/1\><: 84:@U@E7P*: ;U@9P*@E1,UM5*3t@9/21\8\P%@91W79: P> U#p
H257t@E/21r> P*@@91W7,b@9/21W791g:
Ut;5V@E/1W5791@9: A#P*>]PUE: Un3657ZX2791#UE1W;v@E: ;2=
@E/21> 5%dT1#70><: 84:@g53s@E/1 O P%@P O : U@E79: ]2CY@E: ;2=4791W=: 5;sp
rU: ;2=?1fYX1W79:<841#;@P*>841@9/25 O 8457914PAWAWC27P%@E14HJsRA#P*;
]105]2@9P*: ;21 O bP*; O :<@nAWP*;N]1T@P*o1W;4PU(@E/210]PU:
U@E5SD1#7E:<36^@9/21
@E/21#5791@E:
AWP>!5;21,UWpnZCY@a:<@m: UZ@9:<841VAW5;UEC284:<;=4P; O A5U@E> ^p

,-.-


)


 
!
"$#&%'
("**+

@E/P*@@E/21g1,U_@9:<8\P*@E1#Ut5*3 P ; O

b P ; O N
F y ~ L bA#P*;\]1
O 1@91W798N: ;21 O ]j^

F- L
B

Major strain

g# y #
@E/21791W=7E1,UEUE:<5;\36C2;A@E: 5;?:
U

1.0
0.8

FLC

0.6

 v
P*; O

0.4

-0.6

-0.4

-0.2

0.2 0.4

}r9.,

Major strain

F L

 ~
~  ~ F-jL

F L
b`

-

0.2 0.4

0.6

Minor strain

}QC$$

qg: 8N: ;2=NP%@n@9/21#UE1mX2795]><1#84U#b*@9/2:

UtXPX1#7TPX2X2> :<1,U@E/1a@E/21Wl
579^\5*3X1#79AW1W;v@a7E1#=791#U9U: 5;P;P*> ^YU:
UWx W z@95B@9/21VAC7ED1m2@E@E: ;2=
5*3V3657E84: ;2=><: 84:@i1WfjX1W79: 8N1#;v@9P*> O P*@9PP*; O U8\P><>U9P*84X2> 1#U
841@E/5 O :
U41#U@9P]2><:
UE/21 O @E5 5]2@9P*: ;HJKrbda/2:
A/A#P*;84Po1
36C2> >vCU1T5*32@9/21ZAWC2797E1#;@P*; O @E/21ZX2791WDj:<5CU
1WfYX1#7E: 841W;v@9P> O P*@9P
P*; O 791 O CAW1M@E/21dZ579oj><5vP O da:<@E/5CY@ O 1,A791#PU: ;2=4PAWAWC27PA^p
}Vj$"
2 M,*#( !#%
mTW!- 
a1W=7E1,UEUE:<5;BP;P*> ^YU:
Us:
UP*XX2><: 1 O @E5S@9/21 O P%@P2p(H:<@@9:<;2=M@9/21
1fYX1W79:<841W;v@P*> O P%@Pda:@9/AWC27ED1g 0B} p.(Pov: ;2=NA5;: A
36571f2P*84X2> 1b%
4 y9 4 ~ ~b O 1#X1#; O 1#;@D%P*79:
P*]2> 1tM:
Us@9/21
8\P%_57ZU_@979P:<;k y bYP*; O : ; O 1#X1#; O 1#;@0D%P*79: P]2> 1 : Ut@E/21S84:<;57
U_@979P:<; ~ ptH57a5;21U_@979P:<;?XP*@E/G@E/21> : 8N:<@mU@E7P*: ;GX5: ;v@9UaP7E1
;25798\P*> O :
U@E79:<]2C2@E: 5;
bj@9/vCUaSF MB
b2}~Lb  p
F-E ~ L

F/L

da/21W791 b NF y ~ L P*; O }~rP7E1mXP*7P*841@91W7U@E5B]1 O 1W@E1W7El

84:<;21 O P*; O @9/21W^NP*791Z: ; O 1#X1#; O 1#;@T5*3!@E/21a: ; O 1#X1#; O 1#;@TDP7E:<l
P*]2> 1 NF ~,L p3F y E y LbgF ~ E ~ Lb<#W bgF \ E LP7E1
PG=795C2X5*3ZU9P*84X2> 1#US5]Y@9P:<;21 O ]j^iu@E: 841#UM5*3Z:<; O 1WX1W; O 1W;v@
1fYX1W79:<841W;v@UWb%da/21#7E1 \ NF ~ L b / b - b W#b%bPAWA57 O :<;2=
@E54@9/21M@E7P O :<@E: 5;P*>}791W=791#U9UE:<5;P*;P><^YUE: UT@9/21W57E^k:<@g:
Ua><1,P*79;21 O

F / v L

y 
y

/ 
 ~  ~
y

\
/ 
 
y
, F  L ~2~

//

/$-

# F y   ~ L
F

F 
,LWF 
* L
 y


 

F L

~ ~

!y

0.2

\ M

F L

F! y *  ~ L

da/21W791

0.4

U<



FLC

0.6

-0.2

F, L

@E/21 O 1#=791W1,UT53s36791W1 O 58 YrG

0.8

-0.4

4
F L

/
F L y F L ~
,

@E/211,U_@9:<8\P%@91M5*3DP7E:
P*;A1M}~M: U


~
F- V \ L ~
F6G / L

y

qg; O

1.0

-0.6

F6jL

0.6

Minor strain

U<

N

S

N
F Ln

0.2

F-vL

F / v L
F / j L

 \
 

/ -

/$,

F #/ L

N
F / L
/   F  LWF6 2 L
y
qm]5%D1AWP> AWC2> P*@E: 5;UAWP*;]1CUE1 O @95U5><D1;25;><: ;21#P7
O P%@P%lc2@@9:<;2=B:<;@E/21S> 1#PU@l{U9CP*791#UtUE1W;U1pZCY@aPUT841W;v@E: 5;1 O
P*]5%D1bT@E/1 O P%@P X5:<;v@U O :
U_@97E: ]2CY@91 O :
UX1W7UE1 O > ^hP; O A5;Yl
A1W;v@979P*@E1m: ;PNU@E79:<X7E1#=: 5;k5;k@E/1rda/25><1bj5;2> ^\5;21MAC7ED1m:
U
;25*@1W;5C2=/i@E5`UE/25%d@9/214><: 84:@U@E7P*: ;U@9P*@E1#UM53t@9/21484P*@E1Wl
7E:
P*>
UTP; O :<@0: UZ;21,A1#U9U9P*79^@95NAW5;UE: O 1W7T@E/21S365791#A#PU@T: ;v@E1W79D%P*>
U
36C27@9/21W7,p.s7P O :<@E: 5;P*>791W=7E1,UEUE: 5;4P*;P><^YUE: Ut5;2> ^BX7E1,U1#;@U@9/21
365791#AWPU_@V: ;v@E1#7ED%P*>
U53 O 1WX1W; O 1#;v@BD%P*79: P]2> 1kP; O :<@9UV841,P*;
 





 
!
"$#&%'
()"**+

D%P*> C21pZCY@PUr@9/21 O 1WD1#><5X2841W;v@M5*3t791W> : P]2: ><:<@_^?@E1,A/2;25> 5=^b

X1#79AW1W;v@E: > 1#U?P*791845791P; O 8N57E1:<84X57E@9P;@?: ;@E/11#;2=:<l
;21W1#7E: ;2=p.0/21W7913657E1G@E/1`X1#79AW1W;v@E: ><1,U4365791#A#PU@N: ;v@E1#7ED%P*>
U45*3
D%P*79: P]2><1Mkda: > >
]1X7E1,U1#;@91 O ]1#><5%dp
.0/21uX1W7A1#;@9:<> 1 
F L?53k79P; O 58 D%P*79: P]2><1da/25vU1
X2795]P]2:<> :<@_^k1#vCP> UT@E!
5 \F LT: U O 1;1 O PU

 v
da/21W791

#" !$

, u(F L&%m'\F L

F ,/ L

)(jF Ln r +* 

F ,/ L

:
UZ@E/21VU@9P; O P*7 O ;25798\P*> O 1#Dv:
P%@9:<5;
b2P*; O

* 

~O *
\F Ln-,F *  LT'.0/ 3
F - L

/67
-54
21
.0/21k@97EC21D%P*> C21 
F L:
UVC;PD%P*: > P]2><1b]2CY@@9/21CX2X1#7
P*; O > 5%dZ1W7
A5;Y O 1#;A1> : 8N:<@9Us5*3j@E/1nXP*791W;v@
X1W7A1#;@9:<> 1n  F L
AWP;k]1rdT57Eo1 O 5C2@#p.0/21mC;2:<>
P%@91W7P*>><5%dZ1W7TA5;2 O 1W;A1m> : 8N:<@
8  F LtP; O C2XX1#7gA5;2 O 1W;A1S><: 84:@a :9 F LT5*3
@9/21MXP*791W;v@
X1#79AW1W;v@E: > 1N) 
F Lrda/21#7E1N@E/1kA5;2 O 1W;A14><1#D1#>1,vCP*>
US@E<
5 ;
P*791PUT365> ><5%dgU#bY791#UEX1,A@E: D1#><^

8 

F LnM
=  F L*

F -l/ L

:9

F LnS

F -.- L

F L*

 

da/21W791>)sF LZ:
U0@9/21@_dZ5*l O :<841#;U: 5;P*>}C2;2: >
P%@E1#79P>}@E5><1#79P;A1
A5j1kAW:<1#;@,bMda/2:<> 1@E/21AW5;Y O 1W;AW1> 1WD1W>1,CP*>
UG@E5?;P*; O
X2795]P]2:<> :<@_^k1#vCP> UT@E!
5 \F LpA@/21#;`CB - :<@g1#vCP> UT@E5
* 

sF Ln

)

=*EDCF F

=*
D

,F L LWF /
/ * D~
H

2G

* D
H

L I* ~

H

F - L

+KZ
L

=*
D

MK

F - vL


F -., L

, y F L
/
da/21W791SON%F Lt:
U O 1;1 O PUT@E/21 O 1#=791W1,UT53
36791W1 O 583657T@9/21
7E1#=791#U9U: 5;N36C2;A@E: 5;  2rN<
 / : UT@9/21 O 1W=791W1,Un53}367E1#1l
O 585*3k} ~p * D :
U@9/21U@9P*; O P*7 O ;25798\P*> O 1#Dj: P*@E: 5;da/21#7E1
@E/21iAW5;Y O 1W;AW1> 1WD1W>a1,CP*>
UN@EM
5 ;b  P
p ;
Q
,F * D LR
p @/21W;
;
T
Sb * D / p -* - ;s T Sb * D / p , 
p @/21W;hC U , b3657
\F VL $ , W SdT1S@P*oX
1 K,S2p 4P*; O 365Y
7 \F VL B , T SdZ1M@9Po1
K# / p - *CD p
2G%F Ln

2 ?nZ\[*<2 ]*E%
i%\:^*9!`_v2c'aIb!6W^
_vY
qmU9UC284: ;2=?@E/P%@V@9/214367E1#1 O 58 O 1#=791W1,UM5*3aUEP8NX><1,UMDP7E:<l
P*;AW1h} ~ P7E1 b / b - b W#<d
b c`P*; O @E/21#^P7E18CY@9CP*> ><^: ;Yl
O 1WX1W; O 1W;v@#b0@9/jCU4@E/1?367E1#1 O 58 O 1#=791W1#U453r@9/21AW58]:<;2: ;2=
D%P*79: P;A1
~

 e

 y

f ~

 e

 y

F - L

,.-

: U2 g e p | 1#;21W7P*> ><^dT1kA/25j5vU1 f ]j^i@_dZ5G841,P*;U#bs5;21


: UT/j^vX5*@9y /21#UE:
Un@91#U@E: ;2=BP; O @E/1r5@E/21#7n@E/1t_C O =841W;v@aPAWAW57 O l
:<;2=V@E51WfYX1#7E: 1W;AW1rP; O 791W> 1WD%P*;v@tX2/j^YUE: A#P*>PX2X1#P*7P*;A1*x zIp{;
htp F -/ Lda/21#<
; )sF VL Bg2bvdT1r@9Po1 f U}~
} ~ b / b - b!#W b
c  da/21Wi
;   F &L jg2bYdZ1M@9Po1 f $}~
}~ b / b - b}W#<kb cjpT@
AWP*; ]1A5;Y79841 O @E/P*@V@E/1A5;Y O 1#;A1\> :<84:<@9U5*30@E/21XP*7El
1W;v@X1W7A1W;v@9:<> 14@E/P*@NAW5;Y O 1W;AW1\><1#D1W>ZP%@> 1#PU_@V1,vCP*>
UM@Ei
5 ;
AWP*;]1dZ579o1 O 5CY@da/1W;dZ1UEC2]U@E:<@ECY@91AW58]:<;2: ;2=iD%P7E:<l
P*;AW1\:<;v@EM
5 htjU#p F -/ LMP; O F -.- Lp`{; @E/2:
UXP*X1W7,bs@95U: 84X2> :36^
@E/21 O :
U9ACU9U: 5;dT1M@P*o1 f / p

 onp6rq,+squt\+-#
l Qm

wv2x

"%+yj!:np

n n

@1@P*o11f2P*84X2> 1365{
7 zS U@E1W1#>hUE/21W1W@P*; O //./ l
.0qg>`UE/21W1W@h3657E84: ;2=> : 8N:<@1fYX1W79:<841W;v@P*> O P%@P: ; @9/21
|mw
}i zwh~ht
.   x zn@E51fYX2>
P*: ; @E/2:
U841W@E/25 O pi{; @9/21k@_dZ5
=795C2XUZ531WfjX1W79: 8N1#;v@9P*> O P%@9PB@9/2: UgXP*X1W7gP O 5XY@91 O N> :<84:<@
U_@979P:<; O P*@9P\X5: ;v@9Ug365Y
7 zS`U@E1W1#>UE/21#1@SP; O /# O P%@P\X5:<;v@U
3657 l /.// l.0NP*> C284:<;2: C28U/21#1@a: ;?P><>cp
.(5U: 84X2> :36^@E/21 O :
UEAWCU9U: 5;
bdT1aUE1A
@ ;
, T Sb@E/jCU * D Sp
.0/21M1fYX2791#U9U: 5;Ut3657a> 5%dZ1W7aP*; O C2X2X1W7gAW5;Y O 1W;AW1M><: 84:@Ua5*3
@E/21X1W7A1#;@9:<> 1M 
F L0P*791MUE: 8NX><:<1 O PU

 8

F LnM

*  KV

)9F LnM
I*

K

F -  L
F -* L

da/21W791<K, F ~ y pH:<7U@E> ^dT1?CUE1iP*> >0@E/1`1fYX1#7E: 841W;v@9P>

~ ~
O P%@PX5:<;v@Un@95BAWP> AWC2>
P%@E1m@E/21SA5;Y O 1#;A1r><: 84:@UTda/:<> 1m791W> : P*l
]2:<> :<@_^V><1#D1#>2P*791 T SP*; O , Sb  po\F L9 TSb * S2p -
\F L9 . , Sb *  / p , p.0/1AWP> AWC2>
P%@E: 5;7E1,UC2><@9U5*#
3 zr
U_@91W1W>aUE/21W1W@4P; O  //./ l{.0P*> C284:<;:<C28U/21#1@\P*791UE/25%da;u: ;
H(: =U#p NP; O , bY791#UEX1,A@E: D1#><^p
.0/1t791#P*>><: ;21#U(: ;@E/21t@_dT5g=C2791#UsP*791n5]Y@P*: ;21 O ]j^S2@E@E: ;2=
@E/211WfjX1W79: 8N1#;v@9P*> O P%@9PN: ;G@E/21M@91W;UE:<5;Yl{A584X2791#U9UE:<5;k7E1#=: 5;
P*; O @E/14@E1W;U: 5;Ylc@E1#;UE:<5;791W=:<5;
b
791#UEX1,A@9:<D1W> ^b(P; O ]j^iCUl
:<;2=SA5;2: ATda:<@E/BAW5;U@E7P*: ;v@AW5; O :<@E: 5;UTFIA5;v@9:<;jC25CU(P*@( ~ SL
P*; O 84:<;2: 84:<[#:<;=?@E/21\: ;v@E1W=79P>DP7E:
P*;A1p\.0/21\]7E5o1W;><: ;21,U
P*791g><5%dZ1W7TP*; O CX2X1#7ZAW5;Y O 1W;AW1g> :<84:<@9UZ5*3!@E/1m2@E@E: ;2=BAWC279D1
da:@9/ T SP; O . , S7E1#><:
P*]2: > :@_^k> 1WD1W>
UWp
{;@E/21AWP*>
AC> P*@E: 5;]1W> 5%dbgdT1CU1361WdZ1W7 O P%@PX5:<;v@U
P*; O @E/21`A58]2: ;2: ;2=D%P7E:
P*;AW153rAC7E791W;v@ O P%@PP; O X2791WDj:<l
5CU O P*@9P2p\H571#PA/oj: ; O 5*3084P*@E1#7E:
P*>dZ14UE1W> 1#A@5;214> :<84:<@
U_@979P:<; O P%@9PrX5: ;@: ;V@9/210C2;2:
P%fY: P>v@E1W;U: 5;
b%X> P;21ZU@E7P*: ;BP; O
]P*>
P*;AW1 O ]2: P*fY: P>}7E1#=: 5;P845;2=\P*> >!@E/1 O P%@P2bY791#UEX1,A@E: D1#><^b
P*; O P*;5*@E/1W7@_dZ5 O P%@PMX5:<;v@UtP*791gUE1W> 1#A@91 O : ;4@E/21m:<;v@E1#7ED%P> U#p
.0/21791#P>0><: ;21`U/5%da;u: ;hH:<=p :
U45]Y@P*: ;21 O ]v^2@@9:<;2=@9/21
D1V1WfYX1#7E: 841W;v@9P> O P*@9P\X5: ;v@9Ur5*
3 zriU_@91W1W>UE/21W1W@mda:@9/i@9/21
8N1W@E/25 O : ;v@E795 O CA1 O P*]5%D1pgT1,AWPCU153361WdZ1W7 O P%@P\X5:<;v@U
@E/21`D%P*79:
P*;AW1:
U\D1#7E^u><:<@@9><1iP*3@E1W74@@E: ;2=p.0/21`> 5%dT1#74P; O
C2X2X1W7gA5;Y O 1#;A1M> :<84:<@9Ua53(@9/21M2@E@E: ;2=kAC279D1Sda:<@E/ . , S7E1Wl
><:
P*]2: > :@_^N><1#D1#>P*791gP*> 845U@TA5:<;A: O 1W;v@tda:<@E/4@9/21g2@E@E: ;2=BAWC279D1
:3dZ1t5;2> ^SAW5;UE: O 1W7(@E/21TD1T1fYX1W79:<841W;v@P*> O P%@9PmX5:<;v@UWpZCY@
dT1SAWP*;><1,P*79;k:<@Z3679581WfjX1W79: 1W;AW1m@9/P%@Z@E/21 O P*@9PX5:<;v@9U O :
Ul
@E79:<]2C2@E1 O :
UX1W7U1 O > ^iP*; O A5;A1W;v@979P*@E1: ; PGU@E79: X791W=: 5;5;
@E/21Vda/5> 1kF-H:<=p vLpZ3@E/21Vda: O @9/`5*3@E/21BU_@97E: X?7E1#=: 5;?: Ua@E5j5
U8\P*> >cb@9/21V3657E1,AWPU@g:
UmC2;7E1,PUE5;P]2><1pa.s5:<84X2795%D1M3657E1,AWPU@
X27E1,A:
U: 5;da:@9/i361WdZ1W7MUEX1,A: 8N1#;USdT14A5;UE: O 1#7g@9/21\A58B]2: ;Yl
:<;2=UEP8NX><1kD%P7E:
P*;AW1\5*3gAC7E791W;v@ O P*@9PiP; O X2791WDj:<5CU O P*@9Pp
qg845;2=N@9/21 O P%@PBX5: ;v@9U05A
3 zSU@E1#1W>
UE/21W1W@a@E/21#7E1P*791 -,
O P%@PVX5: ;@Ut1Wf2A1WX2@t@E/1 , CU1 O P]5%D1O
p @1@9Po1@9/21#UE1 -,

,-


)


 
!
"$#&%'
("**+

P*; O @E/21?A58]2: ;2: ;2=U9P*84X2> 1D%P7E:

P*;AW1A#P*;u]1?dT57Eo1 O 5CY@
]v^Phtp F -* Lp.0/21 O PUE/ O 5*@\><: ;21,U4:<;H:<=p P7E1@E/21`> 5%dZ1W7
P*; O C2X2X1W7TA5;2 O 1W;A1a> :<84:<@9Un53!@E/21a@@E: ;2=VAWC27ED1ada:@9/ ., S
7E1#><:
P*]2: > :@_^\> 1WD1W>!]j^\CU: ;2=\A58]2: ;2: ;2=NDP7E:
P*;A1p@a: UaUE/25%da;
@E/P*@4]j^CU: ;2= A58B]2: ;2:<;=D%P7E:
P*;AW1k@9/21`><5%dZ1W74P*; O C2XX1#7
A5;2 O 1W;A1V> :<84:<@9Ur5*33657E1,AWPU@g: ;@91W79D%P*>
Ua@E/P%@ , O P%@P\X5:<;v@U
P*791MP O 5X2@E1 O P*791D1#7E^kAW><5vU1M@954@E/P*@mP*> >}@E/1V O P%@P4X5:<;v@U
P*791M2@@91 O pS.0/21BU9P*841A#P*>
AC2>
P%@9:<5;`: USAWP7E79:<1 O 5CY@r3657 //./ l
.0qg>U/1W1@4F-H: =p *Lpr@r:
UrAW5;AW><C O 1 O @9/P%@r@E/21B;jC28]1W7S5*3
UEP8NX><1,UmAWP;`]1B7E1 O CAW1 O da:<@E/25CY@ O 1,A791#PU: ;2=\X2791#AW: UE:<5;?]v^
A58B]2: ;2:<;=BX2791WDj: 5CU O P*@9PbjP; O @E/21VUE8\P*> >!U9P*84X2> 1#UZ841@9/25 O
@E541#U@9P]2><:
UE/GHJsR: UZ361,PUE:<]><1p


U

U

.~}h{:2JS CC

.$}C{:r)$A>z

iF}w:2k?FJS CC}

s

Qm

I+-) Y#+I$

xox p n

{;X2795 O CA@9:<5;
b
HJsR: USCUE1 O @E5GX2791 O :

A@r@E/21\A79:<@E:
AWP*> :<@_^
57nU9P%361@_^B8\P*79=: ;B53@9/21aX2795YA1#U9UnP; O4O :<791#A@@E/21 O 1#UE:<=;21W7@95
:<84X2795%D13657E84: ;2=X7E5YA1,UEUrP*; O @E79^5CY@m@9/21 O :<1,UWpVKT5;UE: O 1W7El
:<;2=48\P*;j^43-PA@E579UZ@9/P%@ada: ><>(P%!1#A@0@9/21X2795 O CA@9:<5;X2795YA1,UEU#b
PUEP*361@_^8\P7E=:<;4da: ><>]1ro1WX2@n367E58HJK@95V=C2: O 1a@9/21mUE/21W1W@
8N1W@9P>3657E84: ;2=BP; O 1#;UEC27E1SU_@P*]2> 1SX27E5 O CA@E: 5;
x zIpn.0/jCUZ5]Yl
@9P*: ;2: ;2=HJsR:
UX7E1#8N:
UE1p.0/21GAC279D15]Y@P*: ;21 O ]j^2@E@E: ;2=
@E/21g1WfYX1#7E: 841W;v@9P> O P*@9P5%D1W791#U@E: 84P*@E1,U@E/21m365798N: ;2=V> : 8N:<@t@95
U58N1 O 1W=7E1#1k]1#AWPCUE1k@E/1W791GP7E1GU58N1 O P%@PiX5: ;v@9UB]1#><5%d
@E/21AWC279D1p?qg;5*@E/1W7Vd0P^:
U@95`X27E1,U1#;v@V@E/21k@E/2791W1k791W=:<5;U
PAWAW57 O : ;2=G@E5i@9/21 O : U@E79:<]CY@E: 5;53a@E/21><: 84:@4U_@979P:<;X5: ;v@9U#b
9 v 3679PA@9C27E1bZU9P%361W@_^uP*; O AW7E:<@E:
AWP>a7E1#=: 5;
pZCY@\@9/21`1fY:
U_@El
:<;2=BHJ(R1WfYX1#7E: 841W;v@TU@9P*; O P*7 O\O 5j1#Ut;25*@ZX27E1,U1#;v@TPVUEX1,A:<A
8N1W@E/25 O 53AC279D1n2@@9:<;2=r57(7E1#=: 5;U O :<Dj:
U: 5;s
p 1W5X2> 18N5vU_@9><^
AWP*7979^\5CY@0@E/1dT57Eo\]j^1WfYX1#7E: 1W;AW1p
.0/1T841@9/25 O X7E5X5vU1 O :<;B@E/2:
UXP*X1W7X2791#UE1W;v@9Us@E/1Z> 5%dZ1W7
P*; O CX2X1#7> : 8N:<@9U3657UEX1,A:<A791W> :
P*]2: ><:<@_^P*; O AW5;Y O 1W;AW1
><1#D1W>m5*3S@E/21AWC279D1`5]2@9P*: ;21 O ]j^AC279D1?2@E@E: ;2=@9/21i1fYX1W7El
:<841W;v@P*> O P*@9Pp.0/jCU4@9/21`7E1#=: 5;]1W@_dT1#1W;@9/21`><5%dZ1W7kP; O
C2X2X1W7m> : 8N:<@9Um: UrA79:@9: A#P*>
791W=:<5;
pT.0/: Um8N1W@E/25 O A#P*;`]1VCUE1 O
PUt@E/21S@E/1W5791@9: A#P*>!]PU:
UT@E5NX27E1,U1#;v@0AW7E:<@E:
AWP>791W=:<5;P*; O @9/21
da: O @9/?5*3s@9/21VA79:<@E:
AWP*>}791W=:<5;:
UgP O _CU_@P*]2> 1pnH5701f2P8NX><1:<@
AWP*;]10P O _CU_@91 O PAWAW57 O :<;=a@E5r@E/21Z7P%@E1T5*3Y;: UE/21 O X2795 O CA@U
]v^`A/P;2=: ;2=k791W> :
P*]2: ><:<@_^?P*; O A5;2 O 1W;A1> 1WD1W>cpr.0/21N/2: =/21#7
@E/21M791W> : P]2:<> :<@_^k><1#D1#>Ibj@9/21M><5%dZ1W7Z@E/1S> : 8N:<@g5*3A79:<@E:
AWP*>!791W=:<5;
b
P*; O @E/21?U_@P*]2: > :@_^53mX2795 O CA@9:<5;uX2795YA1#U9UBda:<> >0]1puZCY@N:<3
@E/217E1#><:
P*]2: > :@_^><1#D1#>t:
U@E5j5/2:<=/
b@E/21><5%dZ1W7><: 84:@45*3gA79:<@E:<l
AWP*>}791W=:<5;da: > > O 795XG8CA/spt.0/2:
Uada:<> >(P*1,A@a@9/21a_C O =841W;v@
da/21@9/21W7S@E/1N>
P*79=1 O 13657E8\P*@E: 5;A#P*;]1N;2:
UE/21 O da:@9/5;21
5X1W7P%@E: 5;spq O2O :<@E: 5;P>
5X1W7P%@9:<5;da: ><>s:<;AW7E1,PUE1m@9/21VA5vU_@,p
.(5S; O @E/210845U@1#AW5;258N:
AWP>vU@9P*@E1b%@E/210791W> : P]2: ><:<@_^><1#D1#>
AWP*;]1791 O CA1 O X2795X1W79> ^4@E541W;UEC2791m@9/21da/25><1M]1W;21W2@#pn.(5
7E1 O CA1dT57Eoj> 5P O P; O AW5U@NUE8\P*> >ZU9P*84X2> 1#UB841@E/5 O : U4PXYl
X2><: 1 O 36C27E@E/21#7@95X2791#UE1W;v@B@E/213657984:<;2=><: 84:@\U@E7P*: ;X5:<;v@U
O : U@E79: ]2CY@E: 5;791W=: 5;da:@9/> 1#PU_@VUEX1,A: 841W;UM5;@9/214X27E1#84: UE1
5*31W;UEC279:<;=\@E/21BX2791#A:
UE:<5;
pm.0/21B1fYX1#7E: 841W;v@9P> O P*@9P\53 O :<3l
361W791W;v@8\P%@91W79: P>rP7E1PAWAWC28C2>
P%@91 O ]13657E1@E/21#^P*791i]1W: ;2=
@9P*o1W;?PUZ@9/21X2791WDj:<5CU O P%@P2p
} B$))pI'q,+-$



i$}$2CR~$A>z

O %P @PgPU
X27E1#Dj:<5CU O P*@9PgP; O 2@
@9/21W8da:<@E/@9/21tU9P*841n841@9/25 O p

.0/21W;dT1=1@@E/21D%P*79: P;A1b  p@E/21X27E1#Dj:<5CUkD%P*79:
P*;AW1b

.0/1T@9/21W57E^53X1W7A1#;@791W=791#U9UE:<5;VP*;P><^YUE: U:
UPX2X2> :<1 O @95
@E/21MAC279D1m2@@9:<;=N53
3657984:<;=> :<84:<@01WfYX1#7E: 841W;v@9P> O P%@9PpT1Wl
U: O 1#Um@E/1B@979P O :<@E: 5;P>(791W=7E1,UEUE:<5;iP*;P><^YUE: U#b7E1#><:
P*]2: > :@_^`1#;2=:<l
;21W1#7E: ;2=N: UaPX2X2> :<1 O @95B@9/21VAC7ED1m2@E@E: ;2=pnH5791#A#PU@Z: ;v@E1W79D%P*>
U
5*3@E/1NAWC27ED1BP7E1NP O _CU@9P]2> 1]j^`A/P*;2=:<;=791W> : P]2:<> :<@_^> 1WD1W>cp
KT584XP*791 O da:<@E/@E/1m@979P O :@9:<5;P*>841@9/25 O bj@E/21MAC7ED1g2@E@E: ;2=





 
!
"$#&%'
()"**+

1W797E57TA#P*CUE1 O ]v^41WfjX1W79: 8N1#;v@9P*> O P*@9P O :

UX1W7U: Dj:@_^4:
U0A5;U: O l
1W791 O P; O @E/21ZAC279D1:
UsP O _CU@9P]2><1ZP*; O :<@A#P*;]1@9Po1#;VPU}@9/21
@E/21#5791@9: A#P*>!]PUE:
Un@95NX7E1,U1#;@Z@E/1MAW7E:<@E:
AWP>!7E1#=: 5;
p.0/jCUT@E/2:
U
841@E/5 O :
Ua845791A5;jD1W;2: 1W;v@03657g791e1#A@9:<;=B@9/21> :<84:<@rU_@979P:<;
U_@P%@91#U538\P%@91W79: P> UP; O ]1#:<;2=VPX2X2> :<1 O :<;41#;2=: ;21W1#7E: ;2=Se1Wfj:<l
]2> ^pnj8\P*> >U9P*84X2> 1#Un841W@E/25 O 791 O CAW1#U1WfYX1#7E: 841W;v@tdZ579ov> 5P O
P*; O A5vU_@,pZ1#UE: O 1#U#b@E/210X2791#AW: UE: 5;V:
U1W;UEC2791 O bP; O @9/2107E1,UC>@
: U08457E1PA#AC27P%@91S36570@E/1VUEP8N1M;jC28B]1#7a5*3UX1#AW:<841W;UWp
r)

<.C} !
FJ{ v} u=.ri$QJ a*T
C*CCCCC}FA#j.F$ =i)
$$ $ :
$:

YY \
 Uk  5V>kY)>5O)
)) &r WTW V $)

a 2 5C &d V!&E & :) k  $)

*..o
rY) V!V>
iQ.QC}C!iC D:'55i V
5&&:wi.C}
YJF
.$.Iv
F F$
 . i$
C$=
W! r){TW)
w
ai:iCQk_F 


T2wV

V<TW `VW

zF .AC}CiC ...&)dai.C}
i
Z w V+V)) 0VuW) 
&.     ~i}
wZ w
V+V)) 0VuW) 
.  T
&
:)~Ni.C}

Y
v
:C*
d
OOY> # E )V
5

5 V

'2'~r5AD

,.-,

VT&V

 #:5 0YV

 . O) Q C$W Y r 5CC
jSw w :$ WJ=F!::)
) Vr!VVkr5&