Professional Documents
Culture Documents
CZYR Deom 5
CZYR Deom 5
K%+%J864;1K>/+.&I)MMNOJ356MM&ON+++7>&(N,1(&''FM>*I*K-'H
4M0)J6K>M)KFG060<//7NJ4'+%*O=-0K0;
MOM)JM8H5<-/7H;.1<,)(+7(=5'HK=%M9=4,03<KIN&1(5
O'N(%(L5-)H+&)L)%:990<I;/.I/<-=7/+5/M8(I*%%7*07,LGMJ-5M9:*HM
7.%F21*.KG4+9
%GL%4J-&:J/,I>
M=%=398+F:
JNM*9F).*4FI9O&>75HJ632-+&2:&5''52=8>3*09=<H>-8,1%&+12HH5O)(88
54(4G&H0179&),0-OO(5K5O>:M46I2&%MO:&-8<45M02'KK*&;-'&=:&,HI
OKL>*19((
>(/6</L131=3%7*M5L94+9K-4)N%O3/1.635.H,=%N
F-<9
3(
1K+46F..0M,G6<9L/+4,'%*I&F/JO
1+G>'(57:J7.:<;=:O1:36F<-;M+4K8L=NF*2G.MI.61J&3+87F3-;1M+>(5/J
));./=6=3J*:
I;%H4+H.%'K)MGKG9KF)6KG>LI*&8*1,0O9%40F&68/>L%O:
J4N0.0G.O)026/2;;-8HN<>2IJ>+37=:KHF&1.M,FL%.'0(25L*';'N38:,8(I52IM/%4
&G,HG6;6L9F9N53O3JG0GI,/*'+,:0G/:2NKM9-%7L1'.8'=4+0,77JIN>:F)(34
O7+
H;O+06+%:.64:-66H5LM%*=&-
23/==3NF9F&/MF3&O*9-&+2F/FG6G+2F4%>M3:8GL=G8GF7;+/F653%+8/;
96;.J><IMH7=&GJ*<.7(I(/:GJ
4M
.K,1
L/4F
N4'+5>'
:8H3-FM8MGL0*'1IJ-*I0%,(=6J+),L:7>8<F5
+=J/<N<<-7*.J5'1=4+K2&G(
'K%==<.,4
I=9*=JJ(.';N''%)O7+I271I'J4G>8HH=I5J327=+M5G2<=4,
5%7IK)/2+3<.0)N.9'1;>
5JMO%L-K/O6OL&%,12G(+)KOL6G:15H7I.M2,FM%5;:GJ)6:<+15M(/.G
=3.5>9*;*:=.J-O*75-:4*:-;;
80IH*I;F%98J,5K&=H*5K
)0743NG625(H(&;%8=4
'3J=('L(:6I*:OL5.9.'F1J7G%KK%4'KG*:&11*-F(3+=,:H<L,G+JO:=>H89
836=.;1(F5-K
8&1+=87)N+7>:N,
J&J6G72>J7K8
-MK8=)7;G2<5H
6G.K)309
/3<0OM)N=K4J937M0:,
:K:GL0L)K0,=&65(3-3GM+8
M%./<>*>17<=(K0=,,/5.',J/=9='0F6.N*/HL=M>0+(,7J+/57.F=,*G0'M96154<<.
OJ4K)(K*4F+>8K:9(.9).&I4,;&1,H8N.(HF+=77>M%*62GL,.F>H4=M37O
3%/7F<76J*0,O%)*:JO-LM+-.'O,2J.L*2=26L>HN/,07M706K0'4+L0:<6G
H:L;5&5<46.)/7(9J089'/JNO
I52
J/>'6%,7
'&*4H.&5
6-*,2H8NKK,FJLN+,&%FM/(+=)5>
5.:)85H<'=MO&%0F95'KJ==O&69*KNL:&&&&3I-*<*M&(5':K&(
O=->6>LI:L1=/OG.
&/'K6(O>%25;,9/K/3/)5F9
1IFGK)=.)%):%;1:8<J<'F/K:L
4(M5I0,':L>3M/+,9M:&M
+64::0%K5)(
*O=G35O2HI8H./(4=O')2+33/4>-6I5
O>
70:<*)78G)+/1.54F7=M6,LN7>'0IM
J+.11O/-*(2JI)3.I
0+84
/.(FO35OI1%6J8>H.N<HG5:K:68.8I&+6O1:.(+K2N,5(<0F4<F
&8G<*&/K,2J*881'M,'&F%8.%7FG1G=.8L5LK,64I*OH&792:H)317%010
1I6;)>'-;L:,6FO7726>6F.+>++5,='ON+4K-%HF0=-7:,I,L8>I3:.(G&'/F*'<I
696.18(61MJ'KLHF*,3--*%'.9I04
'N<06>2.)J6=I;M3I=/>/>O2;9.M%N4%84I&.
NJ+/9M.3
L%F:'GL&:<',5*K2MO9:3F153(*9/8F;4:22&2-<3,./628=54OML9FNL%>69J4H<
1M3.3F6HH(LGLG19<41;1G65%
-3GK'>5;HL';+=9NG:L<&72&>:-I3,-J6.*O4+.
)07M4&M)7-<-H5
&)*0G+-8ON7F-1N-J*.J&I19/8.FO&1=F3/&1=;N5G(I>7I;)9N.4=I:18(8
6,3)M2'=+K&9-=<3JK70&GLJ=M.':H%*K79-.J,&;=,8,G6J1G%F'',0.1
H;6:5L;29H6,0GIH>*H0:I(8FF*J<N/*'12O42<1+9J70)'>H6'N2%22F&N.
N9L5G2NN'5%<%+>'FF'071N*'OK&&H4<*&M,I6N2K4L9
.&M(39=HF:,4N-I-L.2N28-1+1O;5'+>N.H&*F=%-H',*0GL0K2>>>K93)O97J'.=
*FJ/=H703;IH5I&49K9<FJ%;O7
:'+K,G,K,N
H3)*5*
:'H5*
L.)'*MF07514I(F<5O(%72<N99
9:>1*O9)I3,:9)29;3-
NIGF&OGF5K5K4:1.+&
/'=)%M=5-%+'8J5G8*6.,I*F-60':%L,)<)4;(
2H9%/1J8F+3/*+MH)J43.I'75*G:=/IF&'H(,7+;O<.0K&O5+&+4'<68(
N%9<18*K0>11OK10F,;KJ
JF+2HH
G=LKF6G21>.&HFI7553(6=L9(51821
5&GJG7I2H/9H+=H1<='J
JJ7)M%:
457640&(:H=+<.8M,.21'*N)*(=2*='H<7+I(
39L)K2&O4;8O'7HL7+L:.525:I5+KM/65J+*,)3&KG%5O8J8%%3>+KN0K4;/0
H*=),'098(=J8H1'%>3K8.L<:43*H88;/+>/3=>I14(0O,1=8*1I='.OHF8I97M::
0J7F4I%9,G+%7G0'16'=4'K7L%*)G9<9N9N;61)*5<8<<F&7&;9+55>4&:*J)*9*676
73+NH((MF8-&9637-5-:26:>(4G9=(;L%5%,;6.6<'&=3=K3ON'4<)F+=(=/O82
,J;0(94J9*K>H63<>4/H67933/3/6'I2K=&I83>>,+*O7+G<7&9*8N,*F8(36.<J=O
IH&JI;,4;4G&(5%GK6(H2(&+5,2*<%&8F/+)7;<:6=N+I5(N)<*5;)M=%OF'.-
/
FG6O;/F5MK5
/L-)7H-G=,62+&53=*><OK6OOJ68=:0-I.G=MK<.>6
*5>7&I&;&<&8KG984&(;0N3K.*+J/)O7F%5/<L:7'9GM1)F(-,3=54>;0=1>8
,J;F1<;463J%;;O20MJ%'
17<O30
=7;)N>*1'0J;N/%NK::I-)9*=/&KI,7K4/F25&F791/3(246H7/:,'K=FIG/8(
7-4G>L7M148KH41J<..=M/N(G/N+M(2.LKO9-;/J5-><8JN&G'NOM:3(44N
..H6N<
+596;=K8F)M.=HK&1N'810K9J8K9&FJK=/0:=&54.9%M%MKK1,'-65M3H>K7
/33I&.6M7N0-=,F0M>,%:-;MO1N:6J6->35),<:419O.K4II%>F'56&'75K:<+1
K691>8&=:4261*>I-)3K*2M6>0,I7JI5.;F*4<.4'-2N1M:0HIM952-NGI+3,8:
00+,>7,'G
H,I=,>:0>J*'.),4
(M
2/21N%O0>MI>
G4FO8%N->30.MH7:6GK6GN0*6H6.,:=11*O'J)2
0NO+(4JIN'G%6%G:.N*L(%
)FO(=K'3&&
I%=(*9%.6L.2*8>%0JI-.<:=4,:.M;%49:F-G>
>2MI%4H
&45K%;+0(J1K3
)&L7960'2=<J93L*-0;N;;1*,I6M
.M6;&I00';&4HGK&
:&.FG
)2.1)M
&'->%F
F*.(>
=8+N<.M:F0
-&3I,5%K=4MG;K,5
GJO+4-+,KJ-G-
>J;5N0;:-'
%.O=N=;F&-8L(7H=%0'>K12N--K>K08>/HJ6)=%,&)GF<0.)7*;6+O8LF
1M840=&I4:0MM437L/28845I1J>G=3'(<1><I97;5:O3=IFG(2/(98+8,(J8
N<-J+=8:JI7JMG
77)H)-74(<2-6-4N7+
F',>/L(,4=N,M62(/-%F)I5'5&F5=875JIK-33)%(;<=::*=F
O+ON'*55;N6
>')7+<N;'H.7>*H3MI:>J5<284'2I)F13=55.61O:M'=0NO3<G:.M'&/+5
L%L,F-%3N-=
OOI(OI(K.)9>'=/1
:G9+/9G.M.2:M(M'6;-K>H.)>K57H,:FLIK*1>>16*6K)H%F8M2N<IO&(/*
-H',6)54>L*01I35:I)
7K=>N761/I3KOM;72>&+G932>((
-2&78<4JO*H;K--*,*&=)0;6H*J5FK(;KN1&)K7M=
*>)-,I6:.;1'4
2=N7<F**3*9O'2'.7KFN'FO6''F42
L/+G,2%MM)7,5L=ILI16GM
01018;71>O>H8'3
7F)M0&<&L=>5()L;IL(:4;4%68;6K<6,9
&)&,7)J.>L*/6LL2+(81O62K')LH
K4,19FM3=J:5;FFO(7/3>I/)67
,J7'OM32GIHKFH7I<NN38.K2.*G=.L=*F<L8)19H/'0H:-8
K/.9&94-=L738,89K5&90*.5&M.O>>I='(IJ4:0KJGJ/M)+HK28.03I3O>(/0K=1%
L.<5/95
'2.':4+7284%60,56I<G+'1512>1%J.:)
G0(N0G3(O.6L+(-4%+'9IM=O>(=J1&;47=.
L6=LFF5NGKHI4,-N).%G/OG=7'8<
0&%3IO4--=
F;MIK3J>:-HO
M+,.+6*/K(=%('0MMO('M
>M71+O5,2OJ)-'I;)O9)G/4%//'JM;6;G:()07';5J=+1L1GG2N
<;>+)MFI,;8&
MKL,+N;,'2:F)':N(1G72-
F:JH=-9LK0:
,2N>OON:%;><FN*9*6G=&O))LIH'O=L>+&.34KI02K1.1JO>>=,.62//5<5I=H/
%=J<>F7-8KL5K5K<M686-M1NGGH<1145+H&K'-<1=2&%>/+18G2O'
19/'+0F))K>6F:8I<MNII:&.'G0=8>O
)(>
=OII(,L=F-&0MF0N/<;3.G2O8<IJF899F&FN*)405;GMH;+4F>;H1<)M&H<N
:,=9/++5I
'
*)G9HO%
'46/I46)4;)(7H23N=55<''43M,;IG9N9/:N2K.)G8J0LO1831
,-<'&
HI4M=LGL/)4)<0
;GOOO+420'*,G
+M.L5,OJ5
060-I6>ML<*-,&8;I'..F'-%',;>.N3>,/L1.=N846&N
OJK:J/:
6>/M7:K-*1,61K2;H.,9<<.F1H(O
'5&
=G:H454508J-H<,*-M5N(32N)5(K)=8<=K/&22H94FI*N:O<%<21%38L=;0NJ1'5-:
)56O+<II'NG45;M06
865NI)1;59G5<2H5=LF,KII+I(M'M.;2H)&480G5/NG/F8I2O>+-0
-.-1.N9+0F7F8J))'2;2*/7<
GO7:KM7<3FH(5HI+.I%N1O25>>O0-7+M9
60G*7LO)&;%F,*%/G&&.(H(MJMKJ'JM5;NGN0:<7*N:M4
HFJ'G216)<+=H73*
FFN6+&64KLMI(5F(K-0M.KK
)014.)1%0N8K3:K')&2J:-6FM(9./1(=IN:/9;MK=6FMF&9M+8O,;LJ985L0'K>4
-5M'O>1)2
=I351F6:HN%-O1))5+L8;I
KK,:2K'
KH*:7MM90</1.-I98<0<6/H<02J>H(
3I,H;%0+.H6F=69=12M3'+%=0(
939=+2-GK(O.78I2>ILK>
5-N17/6N3N%74(7),/++69K4L:</'*,,&7;8FH*')71.3
GL4,I1OM>(62=2
8=5,0I/MNNNJN,.;32'K1LJ(.<:;G2%F5>,G>-+M,&M:,-.8N<HI:.I
4L2+3,O0=;)=H
LH94
6HNO2,H
.4:3H0H602N8&8<'+;
&*0594%FK/3(6/'OF03OO+155;6F1
5J:9.2):L.O'K:%=>J.=FHL629M:/5'I>M;4<O(MF.';.%G;,
(-*J*:%L'88-+O6*
;=F+2J9=I64F)&NH3
,2M*K>.MJ424;
'L9(+9
6.7.&.0:00OF);87<7I=1I
::M71;412,-0
2G0JNJ,
F6'+%GG',6KLOL0.K'6>K6;:,),-&'&%O:+>IGGJ3+J7I)-
NF922
:GH=(NG.M&;7.KL<%M>4
*2:348590(26N2K
O9/%F'FL;M=)%H>:MG*,I/6:4&*.+723+%(-FJ1*6;+L*4%9N33(%M,;F9%'5K
O/OHJ9;-+791(<M(125)H;JF):52H'N-5*=(L(-O7
>-:-I;G7)H)0JM.,I60(<(*90>/6L93&&1=5+N22OF=65')8>G.5=><N:(6/-1
FJ-;HO/9N1KO&N0)J(J(O323LI&K9%-,06K2F/*5K.+;=N:F(&M86;:
:H.G'&OH*34
-6.+NO%7016-6*F3',0.1KM;54;H/,HH/69F(10<H:;G>F&8GM,9<,3GIJ%OH
751K+=5NILM8J.0%LO:M,:1
-33KK-=<3)<;O5
1ILJM'F6L<;.50<0-3KFF:4%;,+:GJ;&*/(<(:4+8475K(-=
07*7LMI,KL7.,4+.,I7)78&1&6>>O695.13F1,J,*L,=I.=(K('
2)7)'O3411:
HK-FKN=
=9H2<MKF19%>>J<0><%6)2*I+50)':36N<M:8(0FO7'2'%;(H16K,))
<+F4/.;49N6073-;-L%133(85HN20I>9:%()0FN7&&FGL*'3J;/G7*;&(>;;)'+)-6=&
6>>O+M2;%),(,7OL,&%J'
8185+./<
+N52MM2H9*,67LNNH8MKO'KF
4H20((.)0>1+55=061;:M>)=2;NK0;+7
9'=921->9((3,.+,<N6MHI;FN537G
7*O04H:,%+F-&M,G=5O2*6/%6J/&(G=1%*(--MH.I)&&9M7,=';O+&J6L8O
64G;H,0L09-0-9*L7('=9I.<2N.=1=6L10/9HHOG833GL%8M:(=K)/46L'
+5)<55L3(F,&1(,738653HOMFMHHG/K55''7.>>'I)*/(
3G1M'*F,3L:JO:+(G6&2+.HN;+<8
%88:*&F,<
/<*8()F<H8<1I;''/HF3;7:,N+,;4O&2(8
O).M(9H&<N><';O7:OK-(<(::1:-F75:3OL'*.)
+&;I&;6%3='/-NLJ/,;(1;M3(:,I:%<+5+
35+NM37G64;2+HMM9>)O9:
O-O,31';<N:>0.-*F,F+.<N(K(/J0=G*>F0+0,'5&+N+F:JM&K')<)+)
F'8<L34>J+:-I%-5:(;>785).6/M29,M%'(0L089'&'
N)K/6
6.=6;J1%9053)J31M/G3=;K&3K*)97)M<3
47%8483.KLG;I93
O85F<%KM>*MH;H*4.=L:8>,;<F
2/0,2/857><(7
010
>GN90G1<23F)*=/,<O==>N':KM/31=FG9M&:5.N+*+KIF6)5&FK2-N.-%-06I-0:
N27H)%;%&9>N,98),1H=-&16LNOKH1+=7+'*/K+'<(I,M,'LG>70N;
4M2G4,IG951IK1%+1N0&6231&MH)2%99G*%'JO5;=%OJ:
2(
F;KHJFG0=24I8M7O',%G;85*<
2232.5%)=1K0(28H'<K'6M5K3
,51+L*L2G:F966K+22MF=*K-FO6957K.M
J.4+J>*<
3LM30K,1L44L%KL8<*14=2,)6G*6=.<,IK'+>0*6JLNK<01&/).O3,/%
<,L+=
9+5)50'36O9'N91))222:,OO=/+F48144%18HM5OHJ8IIO.F%9OGI+),9
M>M8):G.J+,&,*0N-=FK>92,9N2G%INJ).9M*=M<'1)>N0,;1<K%M33+&O
9M,5F(3<:+.L8M%M05II%5L'::9<;3MI,F3H985JN/3*>-5*LH-:)-F)O0LN9./:F8
HHI+.*G<<8%K7>N6KF3N=:K9LK8F6FIJK-1)F>*0/G,61H1>G0<I49:
+'MK:<9IJ2L,.NF.6%=6+K90
(8M37:,FJH54=4O60L':
HO.'
(M:68-<G9G
N.-O>M7*.M0836.G546<+H:)560
F>0*5.+(9<&8;8IH6)-J1L4
1MN,M*
FF76)';,1IFLO6'.0;-/=:MI,2%I0OF3,+N'N6/M,:2:(H68GO;3O<.4II6
+1'G
M4)*F%'FI'832*+5O&%KI*NM;)(5*=1<=&L,K'K1%6IL*7'-F=/KM6:,:I40832,FG
:)<97,2L1243
*(4%00'
O+)14M(%<=*K8=31-4*'I6
7L;0
H,
6(2H/L3:>;''8M'6>.%(2<,HKF9K9.)*>+*;'75KO/7:5JJ9N5F/*<>F6L),N&9..4
;3=2K-K6(10&7;/('G78L<0;5LN5>/J5.(:*;;0N677<0L(14I(O8/4G;6'9I%F97>>K-/OO
-=:<M>5L7:K=L&O9
8:3(,NJ<-364),LN9<-4%(/.&*:G'G+-OK<796M.NN++/6NOH(L7('N>:2F
9M-JL=7.1%,K4;(6.%94J37('%8L8895IG989,JO*:OH3GLG=F3M4*9K>
<L:)15&<.;)+O%H(+,LL55N
>'-9L>1J7L3MN2+/I3',KHI=M>F&4.>L
4=<5<GMO,F.1O*&,*<J;0:KGL8,0F<>5OM45O=5G(1<=;O3L
3*G=K(>)H(913
-.;08).6G3)/59<O/N<(:+<70NJF8.F;+8'FI6;9.K&LO
&>'('LF'I;GN9HI8N->H.L-<7/HGI9F0-;92J8=J2991J&=<0+4F:F'NFLJ,
2(&*7I*O:+JJ1)(
;99<(,+=+<JI=8GH%:J'-1
<
%&2(=HF'K.=9*02/JM%N1%N8<I3'67OG7FHL:,&)%
;2K=+8<MI/4I2OML-;*7/;-0M,7
HIG,3<G93I1&J;2(G73MKJ%.&>O,94G==I>'55G)M1NK+)N,6/%&M1G(<G)
MG1&:&132,G;/K+*4MI0H;OL1//<9I8'6,-O05J
6-9/';&9H4*H':-MJ'>)/++5*=1
;O4..7<KK;%
69L75;289+3'0I39/'M49O))K5=OON30H*)4+.3I:<=%H.(4KK(/%39J8F(3H8M>-
7JOK>,FN+%N8%*5N+:-5%609;-*::7I=8.M81)JF,)GKM/2.9-G4GI%%J/N
O.==)+GI=7OL7H+1:/*)/>FM75>0H='6
JF<72=>=;F,(G.0M(5=0>6J:L'8=O*<267-.O(&+3H*+:I=(-9J8L,(LI9%J
4L513+=15MO'F%5=;N'69:91FL73;-K+N9'=5I'897I0)1&J0OL2F6OL5(&+K
0J4;77LLG>K%.=%O6,HL0&9M42*(J<7J2NOL4+H':<0+L;I(14>&30:>O84L,'N
L6%
.%O5H<//2N%F&951K<62906F959(<1989:90J.9L8%-)=:.:(**-N)IM/=-+%*5
N8->
42*'/=;**6&;;1>2
2*<(J=9J7+KN9(-)5;F&%3;I%1&>8N)6J7'%
,:*4-F:',;M/95*<;K.5>
>9=<IL1F.2'5J.7+I-64F330FIG-/J50)%</GG
8>K54.9%F&;FN<695IL',-'
H2J823I<*OF46F>1(3,835<O-*-3=2/75GG.M=K
)H7N,<,'..;H-O1=0>3+),GN*'NL<>,H1F7=<(M+((%GL+.<M
F/3
M;&J+,2N<=90+*(&5N)H%)/
F%=H;M9&F(3%-.4*5M+76;M62L'K+&('4/L3=L;+HM&HL(G*G>7+/.%.8<1G
,1G8+3)0G1K364M&N5O56KL*:<&K
*J7GN-+&%F1>9*:
M;82:3=88<M>49>-NH>=ML:3;FGN&53H03H/9(L)5+%9M
;K6,/=G(=/68.(.5FF6G8H%L6.'N3.&5+I525
635,O41.HG=JO-<9O
>K1'5H/)-216.G/G(9)F2OI:O76I+3,=H
IN;7<;8<J//%3I&O,/9<,;FL;KM:.3G13*'*FI8F0>4)OHH=I)4=H6+0JO%<47)0
N,;K-7/NIN&*G6(8
<F2>.%,'&
FGK*;O,'86J&:M=;F7(*L;4&2=.=48I7.F%1>+:/5,3.GO1HF4O*5I.22-G,M9H
-;+J
0<)4=H=.:K=%;N%+01H)-&
%H,<83354&;(3'1N:,-4H5-O1<;G;J15JI*GO=%-G65K2N;OK-6M<)+
%KK=>L>LJ*9:M<.4J,*(G;)-5'&=7,+,)3F/941;/4;334%3/;31K9,.(ML.<J%<<*
543)&(9>43F%6,.-(-JHL8G9NGNM1(O''5276>8M
=:)00604H(,56>48G.1H&
.H8
%,M0/MOO97ILMO.<H
8I*/*&
87/((.KNIG'(O0&75,;/.NH.1<0%+JI>+>GH8*G:2)=3&7&<I/(4K%9(/G<.2=,<
O+F<1'+/KL7FJJI/%/MI:8-+FG':,7;=)+,(KOLOFFH>4(//2%7%30G%-9,1'(6
>M,,H<,F934O'6KO;LHL614MN18M8'6(L(*:5M9I13M%0:/+2'
7/,)N1F:,K--4F6L(I.H9)9)&7
;<:-/8>=%:79G(16OI<IMN-F2
+')L):*/7I<<:G2HM;FL>(I8+J)>(5.J81<6KG>&.+>7)/05JG:O><1+--872<;1N
K/K+:F56J7%.G22*,/),;1&*MOM'1
00%-<(14>7K1,
NNI<K0:;G/G92
*=.M&LN8-*-M24N9*>'K(&3*+(J*1,.'+
K::%0=*;37FH&IJ0F<:F3)9=H4-*%7765,3-&)%HO:
)F2J5J3O)+N8
,1H=/NHL6>:
>OFJ:<(GL<JI7:+M-%&L1L9;+44.0&7N
0I*1;II3.;F=1OI;5G7N6M9NMO0=K*>,2G-J6H8%4
:0J<OI1N71H>/+6H60H*8KM2I3':>K7.'>F8MK&(0F':/8FNN*><97&O
.+<<<&3KF,*.J3.
3119,7'K/1208L'8L0:&:'M+L,.7M+F99=,)(L&2FN<+OM
<%&.O-KN357-JKF'4FF/6/7-IJ).GH1G>JM2KJ8OO5.&O<>,FI-&-)5%<H2MK
*8<+'HOO%;:JG.9(GKI=*8.=-9.L4-8(>KG,4:,14..3F)K(I'):))*H:5,0:-LG0O
K7GO>5LJK,>;761OH>.0+<8L03/7)
,LKK'/1L':.:0,
%/570FKO09(-<4GL2/-5<*+)O)%<9;-9,=J-5;J
82I/N=1'<;<3><N;N4*2HM2(+162:F
,NO7&+H+-NO06%0JGN3LO,3*
(J+7K
F*-;H46-I3JK-.60
88%=9G3H-5.O0*JOL06LNL<<+3<+:;
<.6OO9<=%HO<+)5,1J>;7;4O=%=KO
57F8I.&+I)=-H1804&<,M04GI59%N=85L7
>=<<7--N:96LF3(>7)&0:H704)3)03G=+M+.G1(5
HL'27,F0><K3-K,/KH*(62F=L:L&):4/K>-8+I2M%1F=(-28*)2H2<055O&N81
;I5OF80(I4;5+7/6=HK85.IFG
K+<-6+%*F3L==-(=KI%J03&)L:8=FM75>J,6J,G
/&1645=
95MM969-MF*.3G595)>680K+HH0FH)':=L5K3F)16
7G
19<N>(H7;(M(*+O-MO+N9---:)7&OM,M-F)%I2/8=+.,/2(M1>L,/J5.,
22N9
M,>%)O,01-'6%-1&K=+/9>8K.NL,.N07+&'6LHN+;G8
7K&<H:/G::>H*;;6M-8=='8F.3<N:G:H
K'+;6O=5J&F
85J&7:8%231FK-K4H>)(0GM9H
%-JM0)8.H5;+(&F63/:25KNG:%K:/*&79(OJO5(';/79F/8F&,-9/JG6F
3>*HF1643F<1-6<=O*OJ+(HL*58I,85/-5-)5%*HL&4N-MH%G9M63;L-.&8K.(2N(
IH:K1N-;:>.3,7-
+55.(8+)+O-.L&-;.JI5=4:7:
;'&.J<)G8FK,<5+I>>N&;+JN>*I%))>L<,.MIKK'921-F&5,I%0-M<:8O&,/*G49-G
9&09+.3/GKNHF4M%G=-0I-9'7&56O661K*K:>1<=5HO6=73*1M//-3;HN
3+6
/I//<4;&(9N),9LH32J819MN<G,,MJ9I/*8J;;,;13/)/IK8H*'I9F4I-9;F</8>+HL-HK4
O=K6)JO7J('2<F/+5:
1&.F0:,+FH-'O&LI1M=
5O+M8K
KI<F*:;O<38'17%J&5%<GG'*IFO>'<7IGKLGI+';J1-,>)>*/((L246K)-%J8HOF
005/0LKL9')H55L+6FI6>>F.;.9GF+(H;F5H;F3<.K==2H91H(*%5>9&&<6'
41)-5>JK,
=I+844J8+O087*KI442*8>:%:*9<)H-,
6-J3/K1)(;*7L&F)*1N<-5N,9<;K9
L1;N'9-F3J.*L23FJF95.(8)5N*K'N<+;<H<478F
L<>,'<'*&I7%M%8=%>O;5;5(=7IH'*2K'8/'GO/KN'-J%2)<0;)
NH=O(>7)*&,:9H-%=I6F-5NN,;JN)G-H48>)/1=/O9F-14*+(5H7+G6.
4L2NH.2/G/4&2K-4F0I3*27>',K94=I%.F,4MM)<),&H905*8HLJ,8JL/</8
(ON;648H&J-I4L+G3)5'%)/&6;*F-/-
2*G:7%7
8;;&M+
/,G
4(2+
;5)>J;+MM&=)%)HMO3(40*/&
/027
+=-,,L>/=01*OKJM7&97+,M(%.*%O<;4M/2>0.;'+K08NOKN7O4
H6H(2'L0..<*KI-+5F20G6,/KJI%'4.)>7/8<HK
NN
H/8)9156F;&M*/
=O
&37)+><'4GH/MG%+&-L79-8F&,F5499(,/
;':9K4&K7-70H>L=
%I'<8';*<+(:L.N(9%+G,9-N;=9:4699:N=.7LF=J1
)7(%;1)N5(5L7+<MG1M<.%KM
:&2,**+%=*/G.873G1*'G7N<1%'&>7H:+I1,>5%+O%.O>K%LNLLH>*4
LG47>*5,(GO
3+5FK=<3-;5-0<*,O=NL4OG66J)I5-FO)(=&O/'
-+3ON36JN:<.1K*I%(-<1FG&&LG,1,8<
)4/JH6%JLKK2F2HG.6I;/8+92N8L3(J*M0L*=;5GM1+<+HG=044+1
I.)%
.(206I87MM9L84376;&%)M'<,-,K(0JK*4I2
2.3
8475KI5OL1&K,849=)<)==F+6&K(3&9G%JO)=N,I</
-2+-3=32M(,;H225*<<02F4:H):,=
18F>=3MJ1/(0/I6=1%%><51>K
&<4<2=*5;7F8-2%(8L-<5))&5M(08(MK-8N=)K/86MF(>435K>I;=+<
I;H(L=M,OJ%L'%0%)**J60'8:6:1I(J*8/%=):-M1->OL4%3*F.I47,/,
4=+7G,L29=
I8(6G%=>10&9L
K9:1-K-8650+H0'4J/KM-4/(M870F>3':58)(;*>OO'4>M2IL>9L9*G4->;
%10(389F6+;(
N-ON/->F:7,.MLH)1/5HM<.H-=IO&O+:-36OG>(+2&:HNL*//&:F2-MJ)J6IL,&;<
+IN(
,/H%0.5(18;0K4-8(FOI,I;;3915NG.&4)MF6*...N.7/>2LHK6,KO+H;6M15;>=+)
&066JM8/8F6-(6=4'<OG2,2;%&
6O0HM65J<:=
L-'J7'O'9N71:0O'(O%7LL3&7:H=<4
07L11F8O8::>'574I;.F&
'L/=NHH(7,2)K-M;J:*
1*;.J(1/K2*5)>50(K8L<5+;FIKNH)>J<M-.LGK3938&9;J-G0-F->7/F/<
,5O:10;L>:I<2>IFO442(:L9=/4MO4LM2'IM4IJ4(,NI6/J-+K<>53O'(89=;
LO'OKI<G%1:I52&0.8*L')O47K*K064,J>/MI/M/1L'(9HJM4+08II5>2NK5M
(,.L'(
,8FM:'<I2&;:OFO<H7%-:M3*IL*,<)L.-';:52241+K%18)=,K)%L5-FI:2FL&41-
.K.68N(4%JL2-86IK3G04GG1N08IF3(04
GG4KFLF3(//I%-K(4%LO7KM'O;*=G<1.J<7I3M=:N;,154G:(1.2%:;
L%MGGFHNF7JJI,8%8
+,%'69
:J6+%/=OI>&;)-
K/6O-
6,%96I=<,.'0
'J9O63>6F:76KMI9-
>)(/J''KG9':8+:O;/(O+)
O',5'M:2+3)9+M%J/0+K7;1-1F'N7&N%9F+*:93=45%5>/8J<*+(&H4G):%34'
FK'G3:M:42*O8%;%'K<
'MMOFN8%/*7)*;.&-;H%KF,0G*(J8+G=J:)-)6=3'IH
1&G15.*;*L779I0<-;8%(.<NM,*+%*9:H1/.*''8;4&5O)7N+O,:J+;)G8F+M(>5%
02*O0<6K;-1,L;==I'5M4<)%0OO-&7J536%;O:8/H9,I.2))N57)>F.00-%)//
L,-HIH>12K
6K=J:G6GN)8,<,O6N+NO01->+-31'O80=7MH0<
J>J75:95(.2I>>86)''4*9FM0F+/FK/)LG=N.8:2F7N,I(/N6=
O>J:%F)84:>-5LN3<I'3)G3,*F6'/LGFK&(7FO/8,IF36K.
<MJ0=5*1G)OLM/N.98'+.1)3<-)<NLI4,&G*&,8%%7
.2)I8HK%6KN9:21'631(M/G(0L128,*L-OHG4
2I2/8<>NIG%N):6MF9<
)5GF-57H3:74N%F
N+8/G+;=K=840K<031J6M*&):8/
8%38/'GJL-&83HLHJ.*/5L7G380)J0G*O>90K(1'(:IL,GK0G31HO,=&
J70==F5K>/)0-,G<>N:4<%60(K8FH>14=%KN9GOGN<524+-+M6;K-M'
N+O-00'=O65/1;%8-4+-L7-92I>,7
+<:
G5);IHGGF83>O6:3>129I56L&0<,++5=L9+2:(:F36N&:6M9N*4,F=H(O0-I(&%,;92
;,+21+%M<0>5O&L.(:=H+:.1;H&<<1%*M2M8,HH-I*G:;/>0J:GH1KFIG/551J
LH3G-892&5)+.M
G92LK>4G29>F6%N)<5F1H(0:
=<<<:%&)F7I*6>.3=K5
-6;:O<MG%O3)K)>M>&<
7<L.%O/-IJ(I6NF6%+,HK+*6J;FF*431%JJ%/',JG8)IGIO:6G+O:6:7>6<8/IO
''GJ*;'JK927:06>F<N+&;9I&96=8-//+9I1I7OKH
>>
+H,5G%/L(>:NI*N&,HNM7.:<KH3*OK44*H
N')(27*1O'K+9NH>/&14+)FH123&>'M3*1I1=
(:3
49%J-1M<0(LJFNGK=-50GF6
+J6=97/;93M(J'F=(M46F39+=,<1)L8F2(G8OGO'L'(GM+M&I*8--2//:67>OK
H&*'L6KI%:3,H2N6&/N>.4M2
M-G(N:1+&<,(>
.&FL>(1L.0<F+7&53')8IL8F-4-/9ML;L,(2+ILN2+
=12+0./0(;KNO<NL62<.%:
,/NHK<N:%*4'2M52GN/1('8'(H:K39KK5H
6L<'74.%-3,FJ-N>73150;HI(//J>77<J>&*2G('4;'M7/>&4M&6K;L01G*33
1'<79GF,NNJ&2>-/OH/'ONKK%:F3=2O/G*/+5
,4+F
4=0:IN903,=OK4+HG,+67&:N%:'1+6'I&-++7I&7HM%4:04<6O8*G2J>&7G
GM2)394F:&7
=*85-.:G39
0-*'GG;72;'2'1;N3G:JK16K&,6:F/<;7O97.5-16:>2.NG8L((9-+H8+-OL0'*<,)-5&
K,F,>6I)9;*'*')*5.1.HF-(*=-9K-.JH+:5*IJ,*:&FF8G/M:1F10<H%%(1J'I1*O-6-L%&
/(N(3+L'<<<(9'H=/;-F,:;1O+FL.*47J501-
N.>K(=IL96+
3*96)-G&62758>%)
7-9=-+5O,H42MMF1*83/3&,,J,:0,'GJ(+()5-))MJ;II
>LN>I%18J:OM//8N888%MMO7'0(N>F&;<I:G>L3,FH
>9*;K'6-),6)2M26,6<%>,L1
8-<*;I/(N%'5/*</K-6%J61/-IJ)KO&O-L'59))7MO%.(1.IO10%.+1)639+/7>J-.%81F
73,
)152G%&.5N;F,/1*M(J&
0/H33JFJ*>5/40,(1(L%>0'-:KFO<3'N1%
+OM&&4)&J2M('(F:<*/I5MH/,L-/K:)-)2:J>7F,,,<F7'+/M;=M,*HGO24IG*
4<,L0GG8KG&24L3H1>)<IH>1(;;.F./NF(5H36<63>=,&'(1)3;+OL)059.,'0L+H
2==8I
N9N=,71M52&+O++,0NJ054:;/12
M909,5=IJ17*9F)6JG2K)+FF:<.2'0K,
09=1O2=L&+-1,918F5(9I:..701O,;.3J=GOGF1&7,15<9:*&>4H08%3
:4=>L9K5*M4J20
8=69,3.<7IF+G(O//33N/MJH&&=&2/+<*4
3K)1<':GH(O:F%:><-1/1)7F4J+
4)6>LMJ<(LKO:774IK2;N)0/<+*L0
J-G;7>O&I&8G.%+&K5F'MM44-
IK&>8&N-8,0=865;O-<):99%<(+>FL
HOO%,:967
*M,8H*,L.(N)9MM&<30941/&&:7O%N23(/)57'5>3HM1.>6,8%562:)L+:I<
-7L.&KL,F%29M1<&-;<2-13(N2L,;ON4/3-'1&-N764)1KKH3(-I%
43<*8J=5/)5L,F&
L9N2J>%.;/
M0)
J74=&''
I'N6O9FMF
*N1F(L)((-7/(KLJ63
;O<%9;>9L>;7>,1,.;LK2;I8,,<+2:OMFG%HFKH8=;7O+=3F1)
*1<=J%J&>5)2FJ.N(+G8;+962<&:.43/JH&L%670F%:7'39-GH(9H06)O7,*I-JK(
5JH*3,H88N,8+H).:&8)I.;%%L2/92.76=L.JK=(&%/;IK3K.<.<*J**(6NL1J&
J%4OI
4*/==2>&9KJM7&IJJ)8*;4OO73=4>+>><3;J
,%2O1/37;+.4-0N'0ON><J/+I3<6O
H/8:
.=1>I**&579,G349-0G=J8><
H(G0
HGH.FO;-6-(50M*0.FG=>M1.J,>69K9F8
3;O(FH:'I121=7:1J;1M8,G/-&O.+6L9K%+J*%9,<8GG..O7,;;K1.'%>/I6..K
6,
0NJ.H,%&J69N(==N1M8L:(OHOI(2O-3:4/
64'J-;<H3FN%G/N)9M<6+=:+,49I3/>H3
/J6(7)%/;.+.0G5K/8G=)1<<,<&5-G99F0IL-O16G9;80)*)=+LG6./*H86+%>-*FF/9(J3<
K)5.2.H(53
K>%;L+4+(+<0M06-
F-+6I6J30%2
.J.2F88H;238;51))
1J:%'G)-36G//2G>K4<;23K3//%J+/:/20&=J%%/:>%15HHNI7F.8ON1.F('JG4I
>I24%
O<KH.%+0GJONG7G)&
O4GK4:<1>(K*>O;*&4-29:,;;*,K25&6N90=,G55M(<>+K=-*J-F%F2(K-
HG=6-%,:0.4H<4O7411O&J)30I<3N)1(/3*O79',NK<986HN,G%=)%3;;OG):J-+0J>
,91O*J3:G%*+:;F=.'6,IO%O%*1
/O'1=/'/LJ%,=,=5-N35N*-)
5H+:<:1F,-3H%4/-79(
4H1L0<:<%'7)(/)K04.K&+=<GGF+N8G0-5'H
9-2&7L)H/<'%4=4%N;N
8;H=GL%GF6+H5
5>2,8L,0+/G**4F0LK*F6,>2L&8(2J2G>98K6'(
)7K4/HH3:,%OF+%N
-8G=')
H0=.4=361:&>9
N)92=5))://2./
6&7*1%N987),M7
.7M0(G
6'<.7=>3L3G6
K**M
5<7
G&+409N1H
98JH4.L
L-LH>+4K*'*8+&HMG
'J4F7H;FK5+.7/1M16585J+54(F%>-&,.7I,
;+35-KNL.=F&9>.J
3)F%<<16<
33>1'.J(&=<5+81.K/')H1M1
'1N3O:,G*7<9I8O5K<G:682)M7>2.3%&G7))-I7;=KN48)1;92&MH)'*+.(
3:>57
;HJH34FH0H.IO''F(FJ/
&(LJ75/&JN)G1(:N*I10H0=O><*M/,KK,G4N,-F+3;:5*H>*:/H-/6-75,6,(
7%4-='6;.8>*MM1+,:N;.:JHK&
0H&38*-7L*9260MM+:(6K<
I4086)0N1F,6,5I'J/;0;85HM0-G;N
,H%5F
IK1N(3JM)
7;F5,7&9M9J6O+'O/0GK%2%:2
--,K5G2)L400F6:%M%LF7<'4>0F)0:'.;>OM6K./'41IL2GF%5G)M02F6MN2=
6>JI+
:54
-/:,K17'I>G730K2<2HGH5'>>9JJ5:1
>II):N:(&,4=:L9<H.%73(0KL5+K,/4331
JL6(%*0M(,4NN:N4-+4M<.L./984,7(3M>2%:%*JKF4&G=%N-.5=G3O&*
=&<I&L+/)*FI:68L%1H4)-;81:5*8K32.1(/5:7(60GO/G8%I,6-0-
JO+/1-O7'.J0'K0'.>&>-M:N;F69>63;M>(9')M0&
KM)*M+)NHL/*563M
G1K0;5H
;M'GL;O-G5OOL)9'0-F*6OKN3,IM%H;5LK:O//479)I=KL.F(G31M7=*2
0H
=H
()&F>H
O49;1
O136<J
8,',74*3<,IO'.F6:2G,20.%;,<>=KKN281HO>/(J526L.020*:>)O>93-.0G4H
:5'J08L(&;L73&N-'5G
GO+8F&)(,;984;L98JM65J%1>8HF2L.OHG0:I186<&IK/%'54M7F%-.>9;9L5F((N/
NM1HM9+->*27-9.L0;2L2F/.G/'3:5>L.9;&L&3*<28<M/LF.2J:H'<'=O=092M;;1
9=&
H%830%+:&(:F*,'7F7K0%0*3.8J+IL/:<
O'8HI82'24JGG
,>,I:4%3.I0,5L0OM>=NNGH)N
G)N/NLJ.(LJ)1>.I(5H4MLO*=>*+O3MI9NON1H:3&
O(/);N>I80'8-%&:*78KN>N:.4=;
9GI3+O,LJ8;%-M+=
9M)/3IN7I.LK.9K5>2KFGK&;.540G7>&/5=K2<+,ML/%4/(15O/<&
N;;:H
8'43H3
K4OL2*43
=,6(0&018&<O;<;;GI-/>>G4GJI+JF'9-MGI=;*.%<3KJ<K/0'>61
97HH&(/++'8*>)+//%+5
+2IHM
;,13';ML>.H
H<
0+N.9>G>J,<5J3.O</40IJ8J.0<-%H/':,*7;FJ-+9%%=&<(2*3*(2=92>,MJ-
NMI5)'
9;0HI69+28%OKHM*=*I:)%+6.*)H5/*4(+-
L:4LL1L32,7-G/,:2/%*&1L&)/
>16:
==4+O1%=K%HK3I(/,JOMHM4(3362+.>,
18)<7=(:10=;/2IFN'O<43)
+*=JO4>2-H1M*/FFL3::O.1.O+,<
7%7:4I)G/LG
'1+H;-G9G8G2&&*>L6N2G5>-=L)=)>2>0+G7G4F+M&I3<,0FMK0MG
6K1/IO7+7K<92I,7*22&&,JLN%JI+=2&,+IO:0/L4*)40F;'O5L+ILH>(;;%M,L'
<92F,=2)*0<L'HNL>8K3OM,KK%;F+H-NJH'J(9'OKH7%2>=,37N
*+<G69L8)8GL+'=->7G43>5G7N)3%-,FK:')1K0.1N+,L
'7)++&697(6'
)>K&'%>M4
:3.58J<MO7'=/4,<5=+F<*34
F+FI(KF
3I9613I;+:<,>M1:FM;=MOO-L)/2>:%,(+1>
I%H13*(J-6<-9N=-K/
5*F.K80(-:>F0.-N;;&:&MII;''*
('L>F,<8)'4&*&7J3+(J/I,,6=I+*;98
+N46%<*IF%4(=M65GJ(:I;04+84&)269G%MH21.IH:N
7K'9J%N4F+4)LHK=K4:9<)4:876(5
(K7=;
:K8L
+71;&J/,:(50J=MO,&(4I4:<5H
/K:O5H7O1I.,;O>>0>>,<5GI.4HK8*K68MOJ*3%;8<)N5:16IN)O<972'21M6'F()&3F
)OF8)K
K:K;5(>%8'>;G13I14<-12
J42M;8
K,10H57MG63)8F-
>:=)FNH><*63+FH88);HGOO03OG3)M>);7H&/)HN4/61;7KG3F*48(>'6:.:H*
%3
8>6:<+,G2%5I%ON/<:7O*)./)2+-0.%((G/2-1*>3%%J:O&224LJ3,-=-(:4:.&O,
G33<0>'=(,K5%1%8O)H/30+;,9.=:),H%,)F0404-=1M7.J24:>=H;>I;/FL3(*
4,,&O
,'4<<.9:-,HLNF>L039I<;
4,+(<=I8<KFH6%+02,7GFG'4NL,//;==6735L*:3J-
-<+91M=O-;391)>LH>*F14,1+KN+,6.,7*%LJGOIG.K5N&6KNL2)(8I8K;
&%374F0/>2%JJ%HHG8)
%/>7J338
*-'4<3*,I*+MM-J1H93OH2<
<-
<NM4,=9)J55=KG4&%F4I;%,,1(78%-N5L
0/JLM,G
>8=5HL95-
5,8(*;)=.
.H%*2<5H-.50
60K9J117-H&F=H7O41)N(O5:':7.G=8
,9,L*>5=2:0G0=IN=,HGOM(9,/<F9;JK16K71;;G/8IO>:/G865%/I
<;2&*6I='8O)KN1;4H+3K(G'8<N,3G+(3*
&))<-*<G;F4:
2/-/(+*'3=)4.30H4I7:5=5*IK&3148F):&8N)O0%L6O=&%5G112K'J)4.++N%
+2
&;NLGG*.O7//0M,K456H-I&2I<6<+;HN45M+.)<OFK49FG44'F*62G9=58OI
IO%5L+J''91%03IIN<).;.&'H:,H,II9M.'OOK:3,*K)0/%,9/32I5K1M
*34H*3+8G+I%FNI2:(&
NF-(MGK:9-/I'G*'*):G>=72G(G+F67K2+)0,L53*++NK
%=+NM:'=FF%H'65LM/J0N<<;/J5;45*L6-O2MI65IJ>K;F%'J(5M&7J)=)
8>,*K)6;HLJ:71/M7M3).&/L7&/F*);I6+97+,35<H+4-+=J79>/&0*2ON
F-J,8,/L-O>0G34.IK=+=+&NN6.NG'6*FF&LNOM)0=3O+1OI&4G&+(F6
H%KH1J-5I1M3(LNML'1<%LGF00+;=KL.4J.;)3(:+%<%K;;=*L=4<6MOHF4
);57K95=3:M,-6M+O.&FG1F9>HF
6L,)H
(2,4
79&;GH:16));0*/7<J7.
GF5=.;60<(N'OF+%=0NN;&J%,J)J(22F.FH1N3I62<K>-OJ2G5/'F-OKM3H)IMJ
FJ)MK10*,(1'F=7(/26&/5;*77<.>NK2,>&16*.2:J4N%O&K(+
3%0>3KO5;OO20%>3F';&O48055'%N.,876M,>O70/>/1OO97K9O0K98LI+*
MK=NI6NN.L;%9O,&3I);>4JN)%
M&,'G-:)M<<NH7N(0;&OLNF6O4;3/&;+(MG'M((+G1%+66);0,&/79G>
+7;L,2IH1;:
3/3%L;:'K=
)O120>&J13==HJ&57INJ0.;K%0F40=*<OKO)N9-=J1MG9O6=4LI/
;9IG.==3;('2/O/9-<&=<6&O6=59:+8L*G((,=J)N3,+189'1>KLH*-FN2)>.OF<.*;
OI(L)G9*M:60M4>-*F9).9/FH2=>%+.9&7HGJ3MKJ%&7:G4
7%'749),+*HI4.ML
+&74M>3&38H1J*:077.%I;*09(;MH7&2H5,M5J
9+JI-->-K(*G>1+72LNK*K&=,,J;-LOH1+JFI/&.5(><JOJ.-/H(7%++/+F4+1N3>
N>GOO9:I*4M72'/+'/G%G425O'53;+I699*G/:M*),)H-
H-=KO93+1%8&+8(3<+KI4+K818.+<,GL:.K='&(:5G<'&,G
1OMFI,;<0FH<5=+'M;6JIF2;G)9OG9N'0943G)L5,,/%I5%M..L'M'O-L3F
>*20=GJ7(9F06O4.;'>K%5OK5(&G4*1NI;J:-N*4KJMO)(H=,'N<<+F5O<9J
O)M4F2K)7HJH=(M6J3J,*H-8%*N-K<5(4/9*G1M3:015-N(FN2/--*+4L1<9M3&
,L1I,8+F'O:KG;O')+
5O)+88,7/</J%/:NK%*J
(.61,)J>,'G1'LHL49%)*K.+%72)2OM883(<F)%K5N3K&5:I9J*=>1,O8;L&GKO=8
M-&%H&0L(O'.36(GMN;;)5M>H2&><7.=8N9,(;0)H%G8;3L86K6>F3*:-I,'OM),.
/&<:6JI.O.'G;G<(>
3M,5M%GJ>5GM('L70<9HL.
F:K'G/(=K+1O'/>H=*
I/,'J+./6FL4H-0F8F2,.6JJ3-G18F=*8I,)>JO30+I&27NM,H38(86><HJ)7M-
:/9(9&;+&IG(%0H=8<(28>3/JMN:K2O5K7MHN(;7+GM+J2M1(LI'/%(7N&9*H;:/5IM
&79>;><5.7%=G&4-6.H%3
,4(57)>JO1*%24&
'7183.GF5084;*1N(31L+F>9-48<=3H(JG0%'M1H0J&4+*I
1'+%77;(0
9)=6J.0>;3GF3:2=3*7%>9OF=J%G-6&;+F+>+L6:=NL1G<NLI43-22/
2FF91431F+N&M&99&8HM33M47+736=N7F2&G6322%4H7OM>.4M>F
LJ1%'7/4;;;M
%(OG-7N7*.>3'N
5=GF8J(F19FH6LN);O6<K*<*6K6H5:6,4+5G/9O()G-;6
%0I0M,-N5F
25JL'J)/&')1*=-/JL&.1KJ
HI,9%K362:LI4<
H:+3MM,IL<545G+50(O;40I;)'
,&4,18L%M+O:JK)>%(M1OFI.<8'90((<<%94'=<)&.F>-'7H.;<=43973G0
H8(F)H81G0&3,.&<4NI5('I)(64=-1ON-7*F<
O1*+/06ON&3K
&
//>+-L'I;N0J:40K7(+8.%LN1+
NK9:H1&/
51&H+1=JMI&7F+&K:1<%O
3(LI4KGOK%+J.&JL:0
46)H()G<M*&;8K31,=&4&<<
3+KL/
-0=(I;L810)+)'N(%0H&&%3:=J9:O;7/;1*/>
;6G*/2;2O
)O<4O
FO59)):784F,;&99(<*N5J)87-,,O9I9M*;;GN0-5/I%5H6+9;28LF&<0J=GJ75(
KF&1:&461(J'M%.1)
)15=FN&M+/>K;*'=JON;=>MM>=3.=O.1J7K&N-F=&N=L939;I*
*6+8;9I>(643F-&09::+><47*:
75*OJ;N2I.'L()24/+J
9)8->'K)L-3'91*',-O)7G,JO;'-KK88=5.I8
L>G>L77<%0L91F(H3N31JF>1(O2*MG3'3733.%,&53M1
8G
O;'(=8M2*L=7O9I198-914&L579<O7>I.19%/2O.'NJ:3O1-+/I%K2%N3:6(0<8
&M&+-0-N.533G8M;0,4**=HF4G.2:0;6<)8K:GH='42G%)J1FG+9'O4-(J6
NO*F*3%;G+F1,1+&
7;M+/2J
()LHJ%4N6IJ;5K+N-5+-N&(:K0G,*%6;4
G1;55*K6%L1HF(-NH:M46H4.(=/(41/9=O)M1/<(I6:=5+=JN7/91'1N50N%&7K:*.G
O1&&).2;-.'KI)F&MK(95G:6I4>:5>N3,'OM)FOLOI%+O'I+8N1*(=4+J
&O
9/L1&JN+7/L67K>9H1M4O<60;H%+-GN8F<5F>'KK/N%&+:737=N2-LKKJ6
>NM830J%6/,/7=F:&;+LL)+:(-:G+4(/:LMG%HF*1G/G-1;<GGJ48GF8J
I+F&MJ'4H%*544+L&>/%F3O3+2=9O3;2<4;L&/:5<I
>4N:4-'+:<4,6FF%(;(/9)+)F72KK
3N>M6N,1;,M+MKF>*&/J>36>77/*J:G0*:0=
2N/'%+;2+')4KKJ8/**):F
)J0O7'OJ2:0NJ:>9HO,/;=)F2;.:>L3H%7)M+LN60L.6-
2&.1>G-8%,G3N24M<
M4=203)L-89I0
*F,':,02&,H;=,
L4)NL2IINJN*60K06(:069LK5;J%.8I:%%15L21&0(:%J1/<9<
>38;L<6&349172&1L&<KI28:58<=&M*9
2:-0L%%9;9G>M=+)JL)9O;2;%2
M59J&%IH-H
M820J</J7;M3.9<>LF93%13898F91''0I7581,-%F3:L/*H-F(6.&0=8H-=0+H'-L
:J5<35G2>>'>*H&,624-0N.:%&633*&/H
/%%4%=7,G)73L4.M
8)*73>/&H85N/G6M34L;3=3-NG
KG;9J>14K0
MO=%:&JGK.9'-4M
'8:/73L'<N9>3&HNKG)(93>9N90F.30;/O:+7)*<I5GOF;;237K.LLH+K9F;F%J
0N<5=N%)';&FI7K:K%77>,>8397'&KMH71I(60L2GM4H,<O9JJ.%>;L7HL
*I,%OJ;&J
'29(H+1=090G93:'/+I/K5*F21N+50M/OM%25'O*65+=F;I%1<%48N%N3
JM41)M24L8G/NGIK0N;4.6'.K5F2'MKLJ*G<=18J-5-
'L5(N;'8185:024N;I0&;*.%&9(%10.8I;4
',&18MI77(1N'<(.+8K:/O0+%+&;0=7IJ>->:7F+
.G:G1(;(<&)LJ7L,>MI8.3*
:0NM>G/69G6.58.;72%.1(8%<G>
/7,H*HO-/:+=)<5)'MI
(95.).:*3O>I/)9/N2&=<N)I::H,0J(/.4I*N:(H2>*'IH3+)(G<=*46MJ==%-3:*%+&
9->1>&0'9,.0*I2
7K++I256FOI
=)-%;+I'*+JJ
/+64*+39.%1843M-N:1KH.2.==)<9%2
//=6L;)*LM(8,&3&8M'0I(566>12%;,=HJ*(
(&H
M;=
F6L8=0;L./
F,/:0/%,27>/&-8==(,))2M'9F6JGK74GJN(/221JFH=(,M-%':/,HL'(3/2'1&(<KH/%
I*F2HN/(F09(GFK8LL+*8F+G,O8GIFJ*(M-5=97>H
FJ430GO2;-/7'/(,M</-F*;97%:N0F6NJ;
N1/14JF'0J25&9'8
5>(N'NGG4O<F.-%(G(3G:1=KK=5)N841&8,;JN=:G+F7>>1JKHI>N>4=+66
=.+N*IJ<:/&LJ81K.I.+.)%G
N-9,M=.1/'5%8-6GH<M,*=883NK):/F=1K+I*L/1LO+4
--%O4G05MO)4(
%+/1&*GO*))9)<G1L0O>;HL*GL72<
84KKM%-8+K:)=N);O;3(&(>;,=K5)03H'G7G*/(22F
:ML8;>NGHH53%6-51=F<90O2*G:48>IK/=1:
LLJ-*91*0K8/&-.00<O.39:*&:4:9J.NF2M)*(
00K032I9K-0I,:I0O<G9K-:F>7
8585&4*3'NOL
.G/8MH4N0FNOK=%,F.)):32,583<.8,:
MO:+(<7+,,:1<3
2O2+(O<==*&2KO+(7J:'0.H';'-'>6)5<9=G
'F:*/>
%-O,F'0&>:)(4+'K2(72
.&1+/&&<=G:.0%.4-O27&%JLJ
-'5I<7&3JGO-(:=7,H1;+4/IN+2(K9->:(I;IFK3)'83N':+*);
>J8M8L3.M6IH()MOG0<G9:
4%9/><3OH6
KI1317LK)&8-12,84,=H/%76%L2FM/2FN,-(L0FH;<
K3;..0<L-&&&F0KKG.,14JM*=IOKJMOJ-&5FKK1)NJ/+(F.=<'::-OI7616&
.6N4*3O1G41M//.O.K3.I&
J)0*J,;:')-G(J.34.GN%L/,+%=KKN603MFF82=IM:):FON6.=>I08G1HM/+/NK
)2*G((05<HF1IGF<(59+N'O*>.;2K9)=-;KM7(5N//9'1&4IK)>-3)K*G7
K4&(15,%FGOOM
-5OM=833N>5--M7>JM%F)/))93(2OO>JOM-&K-3
<J44)1//O4
<J(GK54')L,O0GKO7I:-7-M:*3I0*LH:)1O6>27'2N<7525F)I(2O70
5:%JJML:7
*O%OIJ8:&&8<,FLKG(O7%KII/>(IK=0
>N1(:GI0+/M017F4G%/<G=
LH4302L=-N/.K
&N,N:8.&*1=:FHI37;'+29/K
%'63,>4.%0HFLL7)&&J,M7(1/+L003,0=NM/*<L=0*8.;&O:6>M,&NJJ8J+0-
4</340,
L0*I4MMM.K=O-L'O%0H/1><.,6<+9,.L4.47F)(G2<><K9(O)K+3*'1'%)4
(1.O)',<-I-M:
*OL;G=030><+HII&8'4;>8K%O:'K;/I
8F&L1:567O:=231,K,
K(
-8+4>
9/6.((L76
'L
>3FJ*6.*)/;4M7.5ONJ5;FJ8FM(;3:6K
8)M%H=FO5=.I*(5=7'O,/N'I'<68J2/*1L<=L41-4:MG5
+/7->M7;'%GH-(0-I%I<F>K6H41'O<H'9(J1J3936
<6LN919/
&6O7;K)M3+I6GL0=7<O70>/:(=4J
67
+1'&*&&/8K*5=83832H955:&'NJFM,F924(9*F
6&&+FK4+-8-KN5:FH09&J7)0=<%/>G'9N+<+-O/+)K%=:<(2=K-5=O*/L5)=
N*9'53%/<JG05-=>.5=9(64
9)=-0*2)H:3KI=::OO0.382:%LG(51I)<G.87:K;H>-FK3F),&GO-K<H.--J
>>90,5+G&6F>N<:.L,4/(ILG
L*(39>M,369M**K&/L%*/JLF&+=68>&/MGNH70+LLOKG>/47
3NM%*GN%5I<L3-=
3O9H=O8-5&6J1(:O4OL8-7J4MJ.29;+/
&'9/===)9F69=-O&8>9K(K/5;0)=:IO0>.GG732;
>FLJ*+6(+5'G0//1/K%5>G,I3)>*68>0M475K84KILN501>7;'0I*1'(1,L=>:,1H-
>9%(HKF=.%5,I>>2**7J6=+
7M8><(&9)9M.9O>KL,,.41=N=
2O6/7+,0+>:I(:KM3+&L%(:8I4,><J1*8O.+GLN)MI'F>M30.HMM(*H81'%8)1(
KK*16(&=
<H%OI7:N883&4MI<J:23J2-*F.3<K&,3I1:O*L
%85NK02L3:>L*I:99('1);%=M&14I:M458=
I6)+.<</5)(',9F2;-/M=8O79/'K7NH(/I%M9
-L>>-.&/KKNM2J=K3%9GK0%I:12+))K(3*7GF3(O0;:N%:O7/FNM(LF>5-;49
G'
=2&4I.1*J:83/)I01NM8I0N3>KI<NL.2N>G(8:&()%;F7N2*5GL14;ON
,)M&&9I-)5<GF4)(-<O;%J)-G,2(-J-9LH(87MH
GGI5G
5MN.'%.F45&;M;62+&F
'6M1J120J:)N%)F119,IN=;*2&%6)
2L;O4(L(KG+OK*62K=NGG)
-3).N03K:3/19.()+;
N;N.I-,02L8,I4=7/8;:81=G
6GK2
:&,&3:0&O;;%5=I:3.3/I.<N*%7
,,;2G/N/1I4)<,1J-%0(36F&6:,:F:8N%=N*J%&K/G
.I4-=2+,&I(G;>I&,L/6F6;9/H79
5<M97
F.1574*-J8/H967+*-0/=NN=F&H5O/H7->=;F.(LJ'/4+O:0
2FHMHF&01+/11;.8%6'
6'0OM;.,-:O/HO*9%&&G831/='O8*)<**==,4592
'<)3103-J,)<):9'..=J%0;F,6/,)L/M
:)>+KJ,I28:8N0+
M5F;',4K/6N6-F05N+'6:IJ%GK.)G1J-OH
/*<2'&
%*<HG1-OH>KMJ1%J41-.N%*,:K9>HF//540/+%I<6
>0(5O)==//55
)>=2+=M*/F)'L
O:9540'L*,G22>J9MO19<1)(HKG3,4(G)54F2-:K69.955.G)IMG
J&I8246%M<5M
J>8(+=
&,)8F1'GL
.I;4J6J6
7G<,;K'3,.I8%9JH/5:F&47G)0
:9M37;03
(GOJIH9=:/2FG2GHL>NK.,;7<=
MFN,G9K2GF;1H
OJ>O;0.K>HH,M4.)74OG(53JH9%*8<--7L%->>L-F)=12)(J0=>%5,M3+1;J<6
%8*3M)<&964=HFJ&G5%KK2%68:&6%FMO=9M+K<=(.9K75/=61H.%:,)
**74;J(;<NN.1*O3>1<=>.
002H)=*.+,OK*
(/9*H5KI748I,HH)',FJ8J7:OK&O3GN,+HJF9K1+I5<G:I)1>9;0J8I82:>N,'*
H5K7&'.IJ2F,1
8&I()I7061)>.;=(,7F(705377:>;;0-.,6<:.2:'*M9HL<)*4<K3458LO0<4-0
G:O%:-O1;67<%J;*%N9,5=H<>(/-6.%8-;M6'5&I7
'4O%2K1*=J-KN9:&&0IK8L+*5()M=LO0IG;5,5./=K0*-I9=;8;)'7)*8>-%2J-I,NK9
846%H&5)85OK>&0(K&;&5>6KN<IG:5F<M+J/N.5JI0
K42H>6
L2KLK/OFN0N:
J825&6%%.6-GFN,4(JMKO-I3-9<4>;=O'3:OHJ'3-80L=*,&N;9.1K92%O9O
L7.H2<,8;656K*K+-.>H30*-<1,'M:&LN-:L.+.3GG0FJ7M9N0>/*+<8-7J=<1
1LF)'<:O8+/)7O(-20,8(49&F,KJ.6(*2.=F:4%+89/3;/+G>K3%-MG(&)(H+,
0N;2H,N7L.<=0:<%2'*':.-:-3(
<2J:<9)6&;>J76M9&4)
85FI/K4+<=J,<.O4/-2
=8694I'I145.5N<-KI,=)=<-
4F2K7O/-H:32O>4F76-O(-&G.9):3;)L&H;H9;4>667&4/47M;49(J=0;.HOG
LF,-;.&*
=*)0H(6I<*,O)FN)L;43:2-O+*)>/
>H(+4
7O3GO213K-&01L+&417.ILN6:07:'1+/
F&2>)=1>G-8*39:I<,
)2%NN'
'1+L*:14IH65<&'J9KIJ3''2N
O=OG:JH8N%1::*3:2/'<JO=''M36LI'1GF*>N46H&O'%:0/.=78%=,2=*;9-,%7&
)KH&M&37*>8..'4.N*-5&1
2O+=63G9N7(-
,57H83FH:*.12-28K5*MGI<G)4F)-H'>&L-2
L'K6.>%'(K18*I1H(0K7+,,,L.,'L.L-M,'3'7/%MM905%3FF2=6=H(M&)&L
I%I2'5H;<7F/:MHN+I;,&LKIN.;1JH
:2(2+*5'M,7O).9>=O4J73609,H*-*&F>>N--:N*;+9M10=I/1*+8:G>;G*7%<3
-)..O7GK,'M6:
.M/4:FL/68<4LK8)NN/5HI