Professional Documents
Culture Documents
VFTD Deom 2
VFTD Deom 2
2O=JMJ
)=*'M9H
IIMHFNK=G';F)'/((3L0/L%-=1F*N'<81O0053*;:-NN5M+:0
/0;2I09
K>J9**0/,G-4994.1L8%3+G:/N6J,36+K3/.:1
O4'4L2H0>5=F1*.9-M,9)<LH0*J';9&3K;*<)M<:<>:30H()905G+
-/K+'(NJM=488+F:J1L%M)K9/1>%6H-8,6KK,.:3-F6&=2*1,G4JF.%
,27H98:J%%
:9;','F>)K(JF:FI*%0F.=ONL817<:%+JK96MG40L(:)8-'J=G(
'K0I:4<7,8%J;,*&>MK2=34:'5)0-(;K0(FNK7=>3=1LI8K5LI(->5-8:/)1(6K/
0L8O&7)J32=417J)K-(JH8-2);4-H+74:%26G0)&G2+0I*+4&I3H,9
81,L,6L0>,O;FK4&9&:-';.O5
7K=H,IH/;/1F6
I6+99*
IL<I)G;+,/<0:&5;)2OJ7N84//+%F.97F0/FJM1F/I,)H09HNH/>NN%=
3:6(/3J,%<F:).G3I</8%3F)6G1()<>/<L5I99:HK,98M=4
GN&1.;56:G6.,OO58=L*>'6<,(-FN=3<K-:=KJ2
F1I0)M%5GN&K43-/L1)+8:*FO+0KN2=1
'4/:3
HH7+*6J
-+FN'N/>.L5
+IK8%8L5:59118O.;-5(47(O1I8J>,-GK/FJLOJ7JN;%3(
GO7H/KO4:;7J7.-N(74%=N8+
+;)J6><3=(::HJ6&)I>K/-5/,<J+('L/7=)N1;,:1-95,%H*825(K812>JF
/6
4=2&2&L+)><5OGN7*.JK+3-L6;+2L1L6>%
*=7LO*L4%/
9+J&MK6';(%+F)/10)5
OK-%F3J=H4%>O2%FM6/J2,,FL5:;')=63(''K)-N(KGKF,F=L1229K=H89
-;J=IJG8>JMJ3
J5NF<>5(1GF
.1GI*7.I9-)KJ&6*L'34*&4I)<>(J>L=='0'59I+-LHGI8
J%.L,L)29)64<-+N48/<+2G'(.<-7%<
;&H/H*+:<--.LO>1L'+LG
.II&+5=%>*.K&<5=/:10
0,4)H%<I1)IK0**/1IO'.
1)H*O*2>(G8:'8-'86
HI9M/903=JO2I>8O9N>&L=;N)J;5&3-
+0F9N.%2)*K.58LL-4OIN&OONH1/*+ON%1&7;7(=OJ621GI*8HK(=,4MKL.
/8)9NI*H44
3J2H;3J*<.:%H)9469<GO/98%2J-8(8
H3O3>I
5*89/9G2JH9FL%,%'N.M8H*L,/N9%1H9'O'7>G*)G4)>H'/%9N-*+K0GL6'
J;'';;OG0N2(21O;6*L*
;6%I&.*0I+53=3HJ.<,9G
3&I3OF2IM6'4.<:6>&N2*1.)1/J>.&7,
J2410/':L):3
H>,)40:2OF+<.4NO=GF.0(/0.90I>J>7LO/JF8I9L6G1O';=5G0+44-I=>,J+JJ/G30
;--6I,<=)NG;&FK4L<=;G)&M*=;1N2F8+LF-*1.L73='1FJ(5<JO;>
FKJNMM6I956'9%.&H(G%()0L;=2'K88,(=%;NN457
1/87L)2)4'(K2-3G&+
-GK-J
I*=>=;I1).2%O3:0M9'7M437;J'4.7>72NK6,FF4+M2<,(-MN'.IJ:%0K,+13
:4**K2F/L-9M:%+&0JGHH(91)>.+1JO;//;
7.7%/7/+*<F21'N>1>JI:M1,9)F,&-K);M;/H/F.18.6H6O+%24848.
F/95%KM-584'5,8=500O%1.5L6K1&/93%6=+;3F
-6<9L:3/8)13=46'-219HJ70/5+KF
G)>+7N7+9F4*:9:2()8J&N
FGG:3)&'G<05997GGFH=;/>'3OMF:+43-87<;K>45IHM>JF>FGI1OLF9+*.<<L%,*
%<GO
KF/NI-F3-32;H)
G&**F/;-
J;:%0ONMJ
+%%G67F)&&+//LOF%4FI:,%G
O-7.F::.)H,)&2-KJ
/N3FF')2>6=K)+N9=N,5<&>'K3:I8F>3<&*4J87,GK+6%&M<53%49&=<*OL
+:K;2+M=H(6180&;J
-66&60)18=&6>13+/1
F%&+JI44-,NK8'H)'5LGJ-
:+I%N<65+.F
2;36''M
5-*2('N1,&4H2-4-/KK%8=M/06,NOGG(76*66(>.%G()%(F2,.;0//,,=G4&4
F+787(=<4LFH-L4GJ3-,%7;5=>0J68/O5=&2/1IG*>JJ;1<
;>8N)I4IKG&<;H7M-%/I10)*%8=0,-K280%-2K18F31:5L&=+
N:L2)OF<
96M&%)II9O.)MMO>7%(I6%G:L8'7H:G05)N4G:*O<
64GM8<3,'-9J512J3**6%F
)6-G/-=N7%6*GG9,G&0,>O&.H,,H:37'MG3-J/)&9(081>3:FL919G5:*>G
%O4&LFN
8G:,
/6I47685256J>H624J-
N4)MM82%O=
3:2M8.M-4=IF;*.%F<M<8&:(M,&I(M4M4:KO&1(KFI&;IL/-
;%K2.*IJ17%*H4'/
.:88%;H77,%
F)6M71(1G+IM%29
;-)=K14K;KL::*+/+,7,L%>)1JG7(7J%4
84
N(3;NH*);*M4.(H2-7;;7,H5&4':>8HH76>8F*)+9)LGK>K5N1GF4JO:26-51963/>(
8:6;>/-%7)0(G>6&+7:GN:J,K3/'K%O-+J4*863<K=6=G(09;OL=O/6.
6:18/,+L1>%>(33%%J21
,6)78F(*F--MF4+(-.FGL5M6L4(1N50.=9J.37<76J.8F8N,:FFM'&*1K3=
32.1
G03/
,NHK/-NL42-89><I)=HG+=:39-KH)MK+78/J'(H>,5)M%,J
HIJ/IFI7)O3G%HG2F6->%'.%,
0L3L:F512.%0O
9.-7%N*3O0+4L7FJO67)-K1&'NH
-9'-9(-.N%(,'6O54L5F)6OG8>K=.48':
)5;&%9<.),J(=+I)10-;N5+%)+2M,:4=LL8IN%<%5(4F31
;N7N/,3L
*03''.FO'I/>L291&=)J2N=&3(N
+FFG880>HFJ&J372&;%O<NFG'=.:
8.730/3/0&G>==KL8(68,;;G=4,6(=K,=FH8&N;>
=&H+%/4IG6.K;44H<+-/(%<H6G7.)..
.>
K0<9NGG*H'=0I/'&.=74MIN;4L/+O'58';6)MM2MH+''5:<F
>%
,&;0<).:,=9>+50
48M>)<=/L:G79*8K>7:H,<.79=,JN.&KOM/K9:-2=>MM2.L,N71+1*M-:*
>33<I0<<F0NIN9-6'88-:(4L3'5I->>(FII,K,O8LMJ9>)I<;M8)%>N*(<5
HK'H,)<'/4,)GF=M)J*2607
;F;IKL,972I&O
9-/2M9+94);J5<2060(=>:1&2=I5=>67->K&*%)31K6
/(1)H808+LF/247L2;'':,,6M(J*I7,.9GGGJ825(9'92>>18),J9I<1.,:&N&8KH=-F
4OK6K-K)(G;5/)H9&<
)/=4O
78/)'N/->.J%+K&-44
F;,'465J
8L.I)4%
F'2O8<=G9(N(268L+;/2),*1(H(I06+M/:;/2,<L(,*'&M5.OO>2:+;O2-&-6=G(;
J,*
:J24)69)<(L:H=(L09=9K;%7K8KO8NL6(35&*=:O7IM14J;/ON/6>%)G=+62)'
0&(.
,&JNL>)03%:4IN&H;)7L%%L8,K;9:I4(-/0+9M9<M2N>%<'F>N8+.2O.'7*&1-
&=:->-27<+21'/NHM,K:(.6F:1J.N0K:.L8-1J&.M/4,H%%.,2%'7;&)N+G8&261F&K
5(<O>0%<%F,+I40
.KL
F<26):);>:29K%<3HK5--8O4
195H4/O3M()9,;3NL3<J'F5:J=0/-&M529+HF'(=;1MML-;-MK2I&''<J
+*8>/(
7J))H)O%(L&*N614N%%2J+F
*M*-4KI,G:/
7M*IGM5OG%M<O-%59O++)',I3L-8><L(+9M'1H>.86/G=N<8H::8M>H1
+%N18L%3MJ;3+<33H>81O.JNN6
//;9F0L%2H2='
+),&M4*6.%NI4<:33%6(O,+&1.>6KI0F37&>79IHJM43H773M(9K:J9N;)3
GFN(49%<H
&;62H
64)F:.:2=59N3(
--6.(3H+<3-4.0'.()N)N9,&:3F28-
75N'+*G)4=HK:<H*JJ0%=6)&>/*3KIG,&0*0L'M8+F6%%:;G+5M67:F;);9.
0J4'<;-<6M21H'+3
L1/'1+
9=L7N<1OJK4&J)K7/LLI3J;9O=%&'NJJ,/8,*3%:0*%H))0=
<5MO(;7%24%*%NN0(&1-0;-):.+-7G/F66*%,4O>F9>;:H56;,=*H<H&'/O61-
N2.+1%9:N;;+L3<836(.-525=3;FF>;7%//1H;4K0;0<J1MO
99*'.57LJ;<M+7K*12M;'16H.067-M&624>0)I,2',<9HF97
L:;:4H371GI353'&K52H'<I:32K-M
.JKOI&'M27JH103M.;OLKK3>)4<&303H=-(2=1..JN'G;:MIO&-8<(9.L
4H(>0/>/
JJFH-()&2/='<0N7>1
I89/0(MJ91>3
=I%=%K.42=*%1;'H5O/H06)&+6169F,3N3I80M,/=<9
<0M048<J,%K-2IG&01'.37),:3.K6=I7MH0(.-FM0F2GMK2O+9I';M25HM
LK=;.N,*GH%,:M.G4;4
;-;
&2N(F-24
O,F/-.40738<O*JJI;MN
.:N2F8N.I%G0)2HKI1)3KL08+=15&'92HH&5(H=(/K)1-19/33>
036/G
7,'>900M'*JF0%48OG<%1'KO'=
/(39&OL751&9*6-5%>.FK-G:3O.==
=81N;%&K=>'*;F,M/1.)-+0F3+5H083=-+4*K'60J/6F,G44
N/<:I3;8I(++.-57F
J6HN-9F>*0L<7)11I6+G*5+(2:29,7.2NK0>G:&F(&59+M<&F4N678.M71O3N29
OH<O>;34*(<%>F1
91OI7/:&F6N+;O'K;.4I03'(OJ&6HJ*I=HI+INOF.'-7H/G<-+++KMJ,
/-;0NI0=(&O79.
;'5:I6
3%G2J66F
H/9/:'1:5I>/J=G%2MHF4<.
2,061&
'>0F.'+9L0
75F/
10+'(%%LN71N;5&)%LHO>+0(<93JFMI(G5,)I'%(F
&'GO=+4302H-.1/'I
&:7<%9J*L*6<%6(G(=4(&3J245,5,>J9>&G:%-3<;8>=LK8,9MF56L%+L7NH'
=(54N;7L89MOKO*))%'GO&=&,-%2N,N=OGK&.O>99=)KJKO--NO;I19O5FM
5L(&J.FOON>6,O9GN,*1H2.81O>O715%>10IL0-<:/O;=K1JFI
O26
9=-LHI0299.GKJM>/1LGM6I2HNMG/J;'9&-,.OG6)%8,0=;NN;8+'K
/56I58H+)KH68/.>HJ+,>/HM<74+OO3JK6%)O7=<14-49&G=I8*78*H725O
%F7+92KO+'HMM+%-F6:-55%:F,1NG4&K=;*8J15,6-,<:8J7/14.(9+*
'N.4J-F%:.
>5K<F+&8>(6K2<)N*0M93:MJ78J
KH5+=9)2:3=ML%-3&)970;K+(<JJ.I80:4:(O:K3OH7%L=)/3KMJ;>8)93(=*K
HGGGF8N/N./O-IK833(.F%1562.1>%G',6-JK.1J>,GGOL8'G652M/H=3
J/&F&130F,7G.KI+9-07)M9/%3KOF'3M%.0--O(;%%=(N9.)G+K*>7M'4>F
91&4<;4.,76,9,(/M80%H81L/,(*GKI'>4J.=4F=I(JG=(1=5O:>%H=O1))/N6&O92
&:%/)+*J;GG(;N(K;&MO206-5K7
6K82I>=-967=-OK,G899,%&>->%,':&.*3=-G>*.>6*M5N;0'>=HO,0JKF45&
HI70K/33G;64/00M2),H)O392-2)6;)90H843N9NI,=/%2=&%+L/*.7GL13,N
O>>F7F>.-<+3H<1
/<));8:09>05OF-.0G0K1.O0-IM.8JL=L9,O3):*4=5
>O9I7O*%9K>(N*
4JGF9%%==M;23=-5>0/GG40:61)G>32N9LN(<;3:
0'K-7%.
72.7/)4I((,+/::.46/K==5<4'+3=0KJ'-3:+-%G:,(8O%5<4;(NF=+'<79.H/1
O4
;H,98O'5%(K44NI315.OH(H+J=9>'<+M-682-FJ0725FJ7(>HO&<NL4,53-.N
GK8>&F.M+F&8.;3:0%H4N:*:J0+9O17*2&M33I0.'H.G)&<=::<NF<
5744O%=&<
4L>O<J<)GF991(F8.77OO>J<096&M(MK<4;34H/4*+IJ%,IK%'<065-<960+)+,.3:
13G5IO(2-,O&2):L4;1=//298>-7558+1JI<N96M9:'I.L,J6*H&M7==2)NL0
O9%1'F
O)8+25>2-:
NOGNH4OFF&+/,'I))<5&%70=H2I2:KL0FFF:(OL<828G+2++4&LGH+7;>M%,;M*J
L3G2G9--
>O5GJ3,/7;&8,)IGOF.I-*.(>&JK69M(.>'GIN'G::)6,1%-==*;G=:F<<KM'LF4/7
822)H1,OO3;KNH33<62JI82.MK6IL1-
1J*HF2):2)HJNFG7F7-MGN;<,&(5;7M4.5OFO8.&
2'/.,J%JL/4/1,L2+0J8,0=8=LF1&:2*%6,M4,=3HL(8;KK556IM0I)G6,*3I-+<
F65O%'M%&:9%=L%5F7
N3)16>4905LM<)>==<=8-/3/NO/1=
2%'(FK7*HO*O92-,H-K)H
+:*+'&N>FF&NG'6;0J(HL&H5525/2)(
,><7)+H*%O*M>-(:+-;>O%5:<I/:IF=O);)
4GG3;=LHO3IM0LK(88>J(&M1:=6GFMM,L9:'<H50-<HNF>HF&JLGF-'JL3KI
+9>)G;/+)L(*9-66(.,()8:4(&,I<'/*1(456:O0J'65%=I&G=I1
7:9K1>.7'I8/HM%8O5.%392H/K3&O93=LH03::/2&
391:0>-O
6M6J,;+4
OM8HKL2
LN4<06L&:F&299+=7(&IO)(K*-12.%3.=42-,*)
K&:)49.'L%JH>>=1%L43'10:4G
O<7M((7
OK35J.>9GK'IJ89%G0>.)H=F-.5+KFG14
,O4+:=9LJ,MH5+KL)/I+F=-&;//HM+/F3
5557'.K36&=0N.%0';M&+I
'J%3:,+J=(
>=ON6.O:7>M(,G':./:=/=L0LKL68%=+N.;5LG*I
%N1-%4<.';6&I
2)(90,<=+-OO2*565)H4>6J9&K7;4.
3&209/J)+:':0K6)*3I+*-=<<8*H-'(1H%&<INJ-F
,+4/7H.5:588+>07
ON04;/:)2I9/I4;O4&((+7;=J8&&>7G0%(F.KG8L-&(&55J02G,8N10J9696()
M;F(KF0I%(L+
-3713*5;)=80I(/;%)O'HM&
22J',076%%':KF1=G5M'=KN<G%HN559<2J,M71+-3&%H..7I*97
(&6>-,=0*89+&&;I>F8-660HK&0+L6.
/2*H53/)I
FI)66
')*,K
>,';191*<6>M.<*1<-0NI(7JF6=NKG-KLL34F2M:(,9J3JG83:>H2%IK)I3M.M
-/-=0I7+1MK4L4=<33461-J8'G,7J8L0JGI.178:8F*M777/
*8M2FO8NGH8J>8K
OFHKLL)+8H%(+:==6HK<(&,5GK+K='KJHN+K)*188
*4NKJ-.(,9>/&
&-2;0HK6J1J16F21<>-
OI1J1O47.G)+/2%/&4,44L*O<>N3HF=*KIL7=
%J2(-41+M=)4L9
.+I7ML>'.
6I;4:&IK'1;'3.IO4>HG;GN/;*2N-L5/9L,JF':,6O/K%95<7-/4HNN+GL/,0I--,=GH-)'
:GI2(936JO48%2<<6G++578
5:>8=:1M,<*5&(3OH210>-<'.>OF'38/788&8;+<LN,(L/=))&)=IL1I*=*:2;K>--
%<
N-)N,24)8H27G1).JF>2F
%O
9)6HI,
F-*=<3<;(1(I02<5=,:0LN.I)2,;+02-83IN&*1-N80O9=H9;,/6F384I7NJ==47<2'+4>(
)97*N'
>G2L';*5+F(H3>.I710*)O8;L'2ON
5,:ON*(17OG3OKN7*-58;/H%151,2G<'H5F2%2.:076G,3-=1/-.=6(3';K0+*I;)+
IFG(9,';&6.+-0
-&
>O+)6,8F-=
)O,+GJ+J::4'::2INJJ<6<F=/G,F-==(N7(G9+;17
+HH<
-H'M)IH
I<0-6+H(I+.:')2;:9>,HL+G+M5F(>6'2I>5'%%*908(97J5(+9:907
:+HNN=9;96M;J
>6
9&H2>
M9)I&.%;'=*/N%'I/K.0FO=O;6:LK.%,LNL*<;098KL35&*:'%L-MLJ5:=.<):+HM
8M
92&
L8110(LM4%;/M3H.2*
>>0H=/>69%/5K+,I07*%O,/9:*>,K9>)2I:6%N>&7.3H&1KHL(GMHL9&80()
N%<<52LKFIG*:6/N7NO%(%M4J39'-2+H6,KO-G7G%+NN8
+2(472:;:-2O>>79-&&>IJN.N=2'.%<<);4:+5L:K)>M24<&9<;0G01+/%G-O1=
-::5L
)85KJI--O>F&N*4-;
3MO>;,H)*N)=>39.FLGH2>-%L;I>K<.7;4HG*%&/
I+93+')3)F(
O4L>L0H*=1(FIJ=<<7M77.G);9I3('O9L7=*=G6::G=8I=(+KH&:46%<*65G
04>3O'7;:G1:
'N&&=<I)+4',G,N(7I33,<+;-1L2%45KOGHN%95=;M=6O9/H=O=
436'<2-16;M7O.+I8<+3OL=&2)1ON0H)&I8H:=<-<3=F-6N5G9979
G'/K%%&O=<2J6J(*>,119H&4;8-J;06+IM-0)&:L0&41)K1=;*:=J9;O
L22,243LF1;<3:'&5L1=G,:6%2FL8-L:/2%),
4*K0+
J=:&/5G;:JL5>,G(H;9>,551'</)3866H>HL/I>INO8:3+<(/383G&,N
0;+,9'&K;(IO*N)6&>H..L7M&K7:/-IH/-*:M3G+('L3858MH':72JO7
1-=-9H66=:&648JI+LK/1,.5);I2F+H;7)G7=*F):'L5(=4M4461N0G:**7;L=
O;G<+7&LKL
J.6)'NGKMG44H((9'+</&)I&3+M6M/
<K4&NJF:6'.OG6.F;OK2>MN5L(O&2/I
-;J(8:O5<.6;5GK,LK%=6&,O3(%9K&/I;)3&:+N87,8/%,J>FLJH>-OJ
%7>-,.O82H82%G56%,*LJ63&859;=/O*=KH2-<+04GKN(25I0>G':)3
0JMNO2J1NL240
50/&+<&>,J2438<=(5N5L<IF'M2)=14.977%/'M&1
H9G&&;H>8628MO.JJ'98GK7&-6+&M5)=434'+0')L'641)%%&4
O>;1M-KF5:O8,>((1318N.K%8;>(J>=9'I;3I6'<6J7O:
+%0IMI:
.*>KH.,4)2*=K/:I%K,O/6L
M&M)G*(
.</0M;L&.ONF/M;IO%K/%+75I6>
-N6<+4>,O0+0;(MHFK'1<2H=O(25*MM=,5F1&-:24(FF*H5;2/-+6&
:9/GHGI)O,-,3'/:50046M00/::K07/8J3=
('<
)'0+4K:591844:*/:I7O/
J3;>25529/7<F8G6N0G'-J5+%%L&:I48%*0G5G'2O5O>NJ('N>-4K5GH)
>9F+9.%O3&I(&6*480<6'I>',N-9:,*7
I,3%0,:,1HG'<-::8.HK+&K'4;:;K'G2583*H
-5:-L13
%>;6+G1'9.;(=/.13'&I;+J1KF77((7HH3:L<FG42,N
:N8M0++4+51I(93'(2J8&(.8K(H)106
/**'>3GGOM.,*1,9+
'-:3:7&&%(F7F=OL'N/7,7:'IK)OI-,30L%(;N+MH;H)814))-<IL(
K5260IN,&M5H0O(MJ9>*M=G11MM>2G/FF3<H&,(.4H)J+0GOL88>
.%/;%*;85*
.8,M>H:2F6=1
>+N<0:/IG4+0,+)*O'J
*H*H&L46=J+8>,-+;48J5H,3*O+I8'J'H3:,KO3JO-N/I7F:&9=%4JF,.F:
4=:&N(7)8M:.67370,*3
4/')NF(08'O6F-9K
05:I3K%O70(;-I:%20.H%*L'F'=MK74I:'I1';=N.2/0,<
&.HL0&51
3>LN64L+LJ(N:KNK81NK-7/;,(>/35K0%/:/'70M9(1=>
4/>JN8:5.=6IH.G88/
)(,
(,(0;<:*L11;G>*)G93L4,K:9-G4.+G'OJ01MN)/:=:&6G%5M,;4N.5/<94I5898</
;4J=&/OK87J0<7MM&KNHI'7--=)*FJHLJ;&LJ
KO
%171/GIO3M/6H3MN%5L
5%9(F)II-4893K*<<+:H,0(=HL9484+7/(;GM
6K>;M(,7
((*5)G:'I'59.N%+(7JH'6+<*F%45O.)+5)G(29.(1:9I3INH3M%GI6M334JIHHHIF
5%'1G42H)M9.>.1
%%J<M>9,8=K*G5HJM8H=--)70K.8M7:>J/>)30:,G;3&16''87+-
J8
*F935436-FH7;;HFN=(,%91-/22',HM14
1:G++7>/J&&=125;,F-+M7)G8%'I)%*K6*25%(L&)5KG2.GK)(M0890:H
5.&=H:
,:8HN%;'-G1&')0(1%
'0M6G51*K*&8,*+=/.>G<*)K3,J.<I<F+0L>*-7M+MGM>*F/N>J%I745:6F09I8.%%4
H,+<09*/H7081<4
&K81*=M+=,;GO7-0I,M-G07H+0&+N(27)10F(H'<08+I=L<L8';60
6/K8&(&)G)/%IMLM<=:+.0.8&-+1(JN'%06.
JLK8=I.490%9-H;.FOH%&&6IJ%;0+9I0O,+2F2-0FH&-;69O7%>'FHJ
7/9-O&6IO&N><0*,'(8,/%6F6G'=*(/7;NF&9057I9K'I=
K/4)&9/>357)=9O
/7.6/.K(9G-23G7+0:N17&1+.5<,1=JJL0>L)'G01)=%GL)FI1<5*+&).K*H6O8
==GO-587&F(
F+I<KMI1,1
,7+>3486<61G94&2-+,I:65/,1NN1&.,+>L
+5M&JOFG.J75<('KG&=;*J9419/OG:/+N7J.,,-.:.FG03
=+%11/::-LJ57'87+8H6>N
:3.9)*/I/2<'/M
.%/LF=/(K2>&;,FJK26M5
<'*7M)2HF,10-GO6*I&=;,/-2)72;:;*6++I
HOH;=7M2OL&8%.%I:J/GL05M<H)3<L17I4GF,%/J<L>*22+FM89(&M7<K5
5;'5%36>':</=574>-+L4;/>3
>+KOK(/&MJ9(
I>;)IIHO
3>'=G1)-(>G.
*;1.&-LM/(=O*&,/3L4F
9*9-L+3I
JJ,'+JLG*2G67:,JJJ''+1.<>NJ0O'7
G&7MH.GJG*KML.=7341N476(%=0GF*<5:7%34%NM>=4
KL;%K2,J4&F);='I;24H)9;>6JK1:HJ*::&'))<+;';O9J44=2N4+J2+5MJ&(6'H;
>7
5O./:+K)O*)LN:9F2IJ2+8-0LM
%'F.'LK7',;64:53H7L;*K-.97-79,;N0JF%;-+126:%399:<8N:G'.'/L.%I95>
;)FM<K>-
K67-O'K
4(1-7I/5506M>
N.9:L)K/+12,,+-
/MH-L(:+3I=F3'J0K03>>HO+IHO=H/L1&>GMN/8;7-<8)'H)097;1<)0)%M5L<;
7;N=GHO(N<1)7N=J7'26K(617='0+;'()O8%M%KOO:J:9('+IKH+
MK,J9:MF(:(K)=><&:I<6K2;*)<=L/&5;767M>%)GJI(<'>O<)6LJ/,J(J6J
9H7K+:9F/
).GJG61.>0=M67OH43%G<77)&/=.2H()2'.<GFKL3:8.7-5MI4H>'%(N5.
&(I1
/,>*HKO7M1N4M.<6.4*(:9%;-L7975('FH'+4%85J4=KM-H86,:&
JF5F&(K/G)G5%,.(7<N(:L8I4L4(;G9/G.-N7/2>0LF%3:7=L'G=,O4+,&(;
G;48
<KJ,LF%=MKF%2H'HL;*.8=>*G%''3(
;8<;,I/>)H+)>JJFOK%O,6(:%0:L('<5J=-44;OOK<MNK0:<<L0K5*H9H=60J,
/'261/6F)%-=372F)06/%L0-HHK:
M-6)=63</K8
<H4)
3J&&=4<N7
I=O<85.-1<
%.9NI'764G+5N:)356=<5:I'I1NO=8N749*;I=KK+F(N/&.G'0G8*%>&;>K<%
4(<0&H;:6(>*8+1*
57LIFM2<2>.'2)H25:60K
G)O90%.&-LN),-3-;F41.
1-2HF+%.*+=8+-(+:1(<(+=N-(8GOG12&3F>.J*=/
M30H=2F)I+N&63N3F/1/-:=5I2--I7;=5-/
(7G-%I
M4F+2JLG:9')
.)0L<:2;5&-((&M>441O:(MJ)-I+K0K()H-/4(1K&0N88K+7+JH69.,*(F*/(39396
:O18'=J4++H.FK78
=K)0146&+&
+(;,H(7O;O>-9-G8J&&O.3:M)>(IG'):&018F/;,<.,
%.OF+/8
08O/9+F*2)4JM*('1O;3./I)+='0;O=7=K,;,+F4:NM9MLO;6-.<K''G:2;>:.G:2
+>3<GH=929*10M
L'G
%N%
8);34O,642*<321;(,;N(:1<-7L7LHGN,-&9F'3JI&N=5011225*.<H/+;6&N;>4L&6F+J5.
0;9G5):J0NK3G*KI69>NIK61/02);3N&OO=1JI;08%8-H5M10<:,25.8FG%,
I=+>45%K;0M+14064+9);
90(14%N%46G.3='O31G:=>LOK
38<,,8G.;'4&,&077&=9N(<J;0'G7.(<31:23N444:>4)H4*20<'+44LJ+K-
NK9)5>(75-M/+<O2&K;/=))04-K3KNK&+%GNMF6&/I4=F6.*6
'3
2L/5=/(O&%
:+
4&+6+)2*J(2<N/=(G'H;),FO:&I4=JK+I()KF(7,-F3JF-M)8O<+%*25
I0.%M
F-)OI:0JH96G.'4227*9)7.+3'5158H;(L,M,712.3%M-4'<%;-*IF2J=&).:G
+M8(.=MJM**/4&*1,M%H)0>L:F2%52-
6%19K4<9<LM,O'M7.4.-1I%IN0:LM8=FN%::JK%.
,.5-:4)>+J<8HHM7LM)8..>1N(4(>%H)J9
J.0H,*
MGK)J282K//<21
-<O%2M:>H&96+,'%FO&./N7(O-O':NGF,+/(J
%&H/)'/0>J;>.5;4H)%3331<5/>=8N1;=M&/(->8J/>1-GGGN:0+59%>&>
MO/9(L3'%,--49K-N3N7>42K90ML8MJ9/3G91:H556G>85M&9=M,>)77L3'-
OJ99+/2('J-;N-*)8JMK,+5L;:O4G86I,-
4G
&G64F'I14->
=9K6G-9'26
<F.2
G*H1<OFO38;(G0/1*080KF5584MGK%IM>N%22GJM8206<
(=)I
&H<5>);(IG16K6H3%9'H%I31<>M8*8&+8.(1-I04=N6'N)IF&KG3:;.(6
1G7'J1<96(/&/L&H
9.<K(G3GH28I:/OK%5+,=)O*J
=,,):'GGL./)J-4%0LH
JM/-L0
36>2H-.&02,&6L180(NM:MGM,5605G)JNJ)NI<&FF0&%>:&H0IL/,9=/799
F%1M'3H(J.%H8(96*/L2.2O&3M6H26(I.I3O)>9:GI)N
=:%F)6;312F&F(*.M((G7H,)(;3860:)=M-3G7=,JL
3'*J*3'&(8<661=J;M3&1KK4(5M*0)<50>6%316',7F5N/K2J:38+:1-;3L9MJH'
F>F8)>'KN)NG//N60=O;/*>FOF84NK*
H7<&'4/)4H'4%1<.)/KJ'OF)O5I/,GKK)43
HL>4K.
:H(,>+%<08J->FF6&:7IO;K75.L8F%>5G=H=:N10HFG58OM)<L+,O(1FO.37
&H12/.I<(F028,9<;NN:66)O*>G5
6;&8-5G)68/G(<8G9LL:FI+51:;.+4200=8(M&'I01&;32N8KN4<'FLL'3I
1/425LL7,4'>(H19)L03.)',KNN&I.%:,1+,O=,01;JHGL&M<2N'.&>';=ONL>*IN
JL/375=5611*L0/2N/;L--73OFH*170M,.J4'9H6:6
L426)/ON
G*)*J+&-O0L'>(>&6<&)-NO
*&L
015L
:8<.F&+
8N2+NFLI:;I3)6+M:JN33235KJ&&OJ0,
;G'J'J))
*8F,*'1*K6JK%(H&97=)-M/;K=-6959N=8<NOMHGMIFJ+'><K8NOI9,K..)'
N74O(=(I/;L2FO.*)H&+1I+L8F%('
NG-6+.(.LH=9N:K9&O8F
:&73GFF/
N><K'I52&%;0J)()G+K2M/,(
I,:L3G<7F%,KH>:<>>;;I%&4;'>J7383>
4F'I>)61(.119&/(G3285NF(
'GH+OH<8&)=3>J6'.O*-+%HO
.FJ>2)83K312*.O:0.<99>
3)4.57FO4%.9/I%
+(
1'*H%97-0M&77H6=40INJ/;:1;MHN:/1M7:,JO1'F0,30O(,70:6*;:O47>*9=:
7MLH+I46+F5&GG.94NJ;,).KHK.OFL<)O9O=<5O365=-<84I=).M(6M)9:MI,%:)<KN
F>&/>%'+*H.G7<-)<91449NN(+/<6:G9*2:385,/M<HGK0<K1OM.O8J9,;(%,K
6&>7,&>7K(9884=)K%K4*7/++KIL,34
HG.*47)%I5%I0*:,%KN(KII7F(8*L=;(2LO)5-491-F,J
>-OL8%,KN
57H'8-=M7/IL<-O.F.&&K5-)J,-G532-H).*8I0=+,F,5:K=994''6:LFH<GF-K4
<H%=9M('LJH>>HMM'F6K285:,5(49'7N8NNKLHL3/;G7/')K9>,7L7&(21H('>FG9
=6,34LI*))6)-I62L=+N'0JI-L%7G8(77=N<9;.%7-II<G:G
H1M-);J9:<&83:'OHI:(=>-=I<(
F<+7)*
LL(
+F64
05(J<.0*9/9&/(68F17&;J12(<-;-M&5-0+.74:'OKN>G(-G
+:7J-NO;6K&.5(4M/M44F1F7<:%38I%4>%N9/J2=)J&-<:<53--5:
:G&;
%3I8L/7K=.H.>JM=%>(</=<=1&8508J(&8./'<7(=>M0NI7:6><M(;1-5(-5M.=(8
3NK%'9KG1;I4=<0-%H47-;F&92<5KO;,J+G2
%5<M+2J:.G2&=/K).2I(3'F,45*;H:4),5,M<L/<8;6=7.,2//F>(*1>4HI)L;&O
<OG2-LOG</8N*
3(77J%=I;I5(8%KF</;+1*66(MN>;1%6/((3
>3'57N+'0%)&LGML>FN2O7-=.1K)K
KFF:0&F.
:*MN:7H1J*8--65G<F>O'MFM49M:><
FG0<O.=3.-(H/I')O<)KK>9(OF<22)N0'MJL+4GG>%60M')=N5H:M'6*O7
43GHIFJ.*&576&O)>)>;8L=O&0-%9)((.M-KM2K5(>M*+:M++K.F27I:-.F+-1
I-73/M4/:-L30.F5/
O8J(&+9M14G<;-84/NJ*2%2&M=K)&H&*>'*.19&>),%17L--5-7>2I5)HG3:2+*
G=
(/*7NG1%5/&4:L+&&56
;J4M,,94H72(+3I;&M/>(.)I1G*.K82&9+&&069&+,7+&KI0H'&FK.=JK;4;&L
OI2/O&.3>&;/F<M>9M)G&66+>O4>:<M(K*-/>4HKLNF-HG1<'%5)2;4&J714I=
4JF//<-1K%G:877J'M%6(;O57%9.O>H16:.50G2N%=-<;;>G.)>>.G4<)/7
L%NMI5>;+LI7>/J5I5&*L)LLH/8
1K+4<;>L%:&)+/40*%O%1%
JLOK2I;)7&01'%=)J19(+N.-G1<:5FK:H9M:)(FJ><*/:7,&1GNL4F%OO*0
*1,47-6NL-8J
*8=3NF)7<7:I;4M;;I6K.I*GJ4N8/-=2-H2GNHK4)92M%M97N(
G(MH3/,5:J-J*H11<;1K-
I:L4>M/-(>'
OL&'K
*31%1<O''1'75,/2(+&F0
6-G>8&
*J:MJFM-O(0+
-I;0*1ML
+&9(
')7//1*>JO/4+&&FM762307I7<,+F0&G/>GIH9'02,-629571KI156NN/7F4<N&(O+
(F/%-K
MJ<4'0L'L4
*FOK&3-<O
%1:2,8H3+JFK*>%MF05;61)*>6
-I3%/&2',)-NJ9H.8167,<:-3,./&:7M+7H3'
/LG2O;-27535.;NHK>-%6L=:&)*&L6N-5J6MG0744*:HF-%/5)+K
-&O
6N</<H8=+4.G4L=,5=*)2FN0&I6,=/'F)
973L4J'N/K1>9G:43GG9->8IM73.8J.+>9=&3>=1O-7%5%14;88O0=;*4LI:9647H'
M3J4,6HJL=FO-3/(9'2K251J>.)5=F4=>,3J-G''K0'2+HN<3:*)M6=J
&(9+-H9J&+7(I,K-<L,4+/IF
M)1J8%60LLGI,;:/F.'N.GKL89%I+0><,5;*2<-9HL;'):*N90LKK3L.&0N79<=
K&66,O5;177J:1
4.GO7-)<0.(;2*'(ML>=-9H5(.-(=FI4L*JL9KG(H7/0;.O-:%'G<(&,310<.'/%-F
N<O<94G7)M
J&F++F+46/,:J)(6+:JG)K)&34*5
I:I<.M4O/>J+:;M
(/+G1.7%97K0:I(52<H>F<K96&F+8<8+4J)=72/6-L)/L5/<30HI1>*3JIKK
I,(
;)OJ3+-JI4*-+0=3%K,7N7/O.%H67817J>8-;9,3N6F)*FM3KMO>)G<,L>
LJJJJ618(5N4M&7G0555(2&31;7'7**61.3;OIM:+H%)J=1,.;3<I
*I)57>5M&&O+2M3/;(%;L)%M%*42,'>/)9
2*/<N*34%N'>:N.3'JM4*1K
54(>>4F-4:;-O+<
;5%7+;1,*M0I>J4LF34G7);:&,1(-7>O%I:H<+-/'O2LO35+(MO49M1G6'J*
8J-*(/<
5G4G)+K:%:(M9N/NJ<)
009FHOMK1(F8H/3<8=)'J=6)(<LL<M;(,4<.)'092*;5L'15=G>I-'J>7O
4I8JGGK5):(7;0%)6/M<M8*M+99MI.J*+3K;4>&MJ=1>IJ029&'M/'3M.)4O7+/,
8=72G%80%1-0=L/>MH7M&
%4.K*3815M8/'I<,>=119O(
I'5M
4%/5GL3NN8%5H9/(%&7%O>'%=+LIGJ
'H)G84MG7H1
.3J&(HON'0K'7J0I8/N1146-ON>&:
N7*75L3>&&;*J,91**KNI3.K9JG=/%F;:
>(H>78&-(5=;H:&8>55*2*>K581;:&2F0N,L18*&I><3N5(K<-0=J2
%I.143N&<F8-,+<*3,2L;1(H2J8,O0518M
+KL
.%15
L999%K0'9N(J>:LM7L&03%H'77,
3/%I9LG6'+>M6238L
;.(0)=N(.320&)0OL;'%K/)23:I=78KM.4H'*8=57-+NGLJ6*+I1/H%O<'2&,K
K14=H;II(=J;:3*4:<5NOI*'/7&M+(9;IO>2'I-109():8388>3'N4-(8182540>
J75K+LMH:&<495)L8%;;427/:37L>,)F6H%%%:(0%FIH<H:.F1I0H9L2H'
G,%(7J)7NF.HI0'N'1)113)K79;>*>8H.99'%&9)O)):K0J2=)&<F;O&,'*O*I8;
-'+F.6;5/L4IN,G
.M69%&K/)G13&9G((H&15FH71H:JFHO08OK&L
+4;H;7
'8+8H1<L-J%O(*+-F%O'.K*I,8;-,,'/;0I,&21;(,L(5G3&LO1O(/=L/)<KGJ(97(709:
,'9+18&,F1'&5%.-G*3<;72*9M0408H(M::.5K8+FLI%3(15
F%;O;7L)4F6-3&
28LF
6'H))9LOH2*&LFH30OF&'GFIGL8(.+'GJ&*;*7G2
1,L)-;==8)61;/NN6/%(.=M%9G.12G)3G7=<(0*)/+I5HN2IG:LFI=.(N9+'-03M0:(5
J3I+<9;-O+6-3=FGN>80G804N;,.+:7NNN;;O/&/HFO.1F>9O346+979KK'./
N%*2>F51L;-I:'I>N965'58-:3*G
8G=5LF'0(I:7/I+53.GG/-%OG;5JH&%FL<5MN;*4(OI;873G5'9;<'7'L+&,+5*,(,G2
O<+2
)<%)I8+6=-5=L'00>=3&+8K0
)1>:+,6F'4HO*((-L(2;
3+,;:
%>)G2I0(,<29(8*)8>/6-=M+/M2),--'&>
;+;G3(G%00>'9I1M4HJ=;&)*.-.''5;0.'NO7N-'71(8<N<KK(&I%(,+;%/'93737L
</-%%/G33'.55:',JI31::-NH>'8G55I/*J6JJ&056K'<9G:G:9H
+,7<=GL0K*2M%I<9N+GK<GHJ14703J539L0MN26NNOF1F+;7%3O+5
I<,I(17+1FL)/F;;KG0%;80550N><6..9-8IM:06'N++N.>+54-*<K3I
44(2:83=&=3*1==L%&7:/M<
)=*>1=GM+MK;&>MH;%1G;H>3N*%3'.39/*LH
955+/53G,L7(4/&O2
N0=27+*=I2,+L)
=J&>588I+)KHOFF-%7)K8K+',46577+.2K-;0::*IH
HJ/7%M;>87),I5NGM8GO:
'+4=J>5-8
N4'(
'%'>32:G4G:.5MMNO7;H&48
%;'KG);%FHF'&LKK<5M'0&1&M%MH8'87&/LO%I628&9)&F&6L.H
=%7(93H
/,,<+%&66%
&<J5'H+F+:;1'-0HM<
N.>H-6)<&'2I:<1:/.F>;'6;G%F(=O4-9
;->%14-,
08*00GL2ML1/G7:*1O26
JMJ4*21,%F'686L%L(K4:9N<=.>K(%&/8O*2-2>3L
J9L;
<52184H('>J>;;O)/3I:L:ILL,8*,0'N;FGH579F529LF7/N(5N;1I4'MG8;;F7GHH%206I
*;:F.3%/G99;;.(
+7,-;5>0HH.>I;%ON1NO/&<=:7'0,94,L=K.4F68J9857=O7IMHF;3
H,5&7''-5N-;-06*.,G.,.,4H,',F95)F0>11H:K9(<2/
M./18)NF2,O90:*&4O<(10%>,H=3;5/>,:+J)7)4(%-2-0856)F)<M%F(5<7L
N>/);F+43%)I<M,22&H<8ON5)/O<5924H&M>-<N5>5NM'=2M
(9L>KF000I/77=610;GJ(GK222&.3H8M3+<39KLN'HJ,&(J*<H)O)H4L0.>8G
05+920496&21O*%J92O9%9-I'=97
F+(J/N;75'=&M99&8
.5:G:<F5K;NG9.FN<+L&3&6M4
;95
.4*6)5)K6'
)>=1J%)<4)8>><(8K7-+(<;7O%'33%OL=/+)+O&NLN080%..N5M(0(:O1H8:J
99.)6L+O+J*++5%>.1(
9>2-L/>*(0*3&,I>I.)N+7=
H:3(2)0K
O/:>+
,;F></N18'-,M1,(6NO..7*
F/>N
1(5-1)0I,,L>J('1,<;
/<(G93.I834
8*&I4NF&L)261<4)07K5I'72=N:O(-)F6M6L:52.J<O,44K4O(3I5G;=(=:GM,H
M4KG=0,67I,O2>JO&M;G2L)0OFL99>8<5>;JO=8
/%/->(7,0('*7
1+G0=,(=6N/
O/;+:.I.5%6=L5<O;F2-,L;)-*-1>L+M=LN-)7GL*92K>9,,6&692
L)F%>*3=LO'%&145=66
>'K5G1I8O355&)*(2/.4,)+H9=')-*>-%I9F>'-F-H09I4K;N(O9M(:6%HGF.=LN42')
KL,
97=7F:>L
/;::,
'-F+L-1K8%/'JMK(30)GN
<8,56.5((N7=,5O5L6=,/%0OJ2321:H+O9HJ=L<<=6>M/,:H-/N26K%K
%HKN293*2(F&K=3>L44JF(4GK06&O*5''.:+<1=4;5GH2%:1>N'/
358/-2,>(,3'4)4:
1:H+8)8:.'9<MI38/8H
9)H7/J+;J8)0
LOMO*5HIL0<8
%,)4;3N655I:K32L>&4K>.)>963G3F&2.J2L=GN+M;O->=I7N*((3/O>-/
>9&G(G)
K(=6-1404&13M
*HJ.1:9F<>+(>)33701'3:=/9M&1%*2
)F,HL&L59-N&&/+=N;*'6)I5:;L;;F4
.0O1*>'2'0O<52,3;()(.41MM;
.276=:<2K1,8%I0-H*K478NF-L.F
.J
H*;&/H;,9F(&*:I572;;0'8J=<398G0L+5(>'M:H-%/,<)09;<L
L&+,
((8M>:/)F1/
5'M09G&%3I/
O&L552M)3;;(N&N:3,=5
;G-'&:5G8I,6I-NF)%&-G;H);9%+2F7'>588F*6
IN*0<(<.FJF;O<1<,N2H/749+5KLF02O;6%=%O553.69/:%9K9*360,K6K1*.K/
-,IIH8*)2%I,I-1I*0(()K=*46+*=NKJ%(,7
&O8=*/+=G2&L,(43,(K80%N='=.0-/;1*9
'0J<FM2F
01:0/G9(=)JHG462>59%O+3/5>*/:0I
26*/=:O/J
'H(1252:4NM+KK*/&I*-:<+3*<
=1;;
H3K<.22,'&=K0KMJ38=>;86+/-L+J
I-(/F0/,<2:1-4-3'I4118,KN,/K5J7202N,8547O,5O'7,5J32
&)69,.OKI1&0I3:MK)%(4FLH6'/I*:8L'NFH7%I&MGI4+/F/&+OO&9/FII:=H54J
<=3(.'G>21/779+>=:<4:;+'>%*(3(+L<=53,OJ0%0N*K<'76=8/%;1FG&-&**MM%
&&,.:N&';(<:GN.HKON.G476IO<OM3=08+))/&;%4KK>'0G6F09>L=LIK/&
F='=I
2(=0'=)LM11M;=F9F;%H,.(=KO.0'7&F/%3+J4K4'74+1O+G98>'1KIM3')F9)6/)
<&.&.&2,,HGFK+66:%*8N:(<O4+)I-=NK9*G7-&<.LI4%-IG'%9,%.0I/)OKI+.
%9+L+
KN<*K1:L5HF((I
:1(;G4(%*JO.;54*:-;I=66
'IFH,;541&*5MN&H4N
256F%,/<<&O<;8L
J;87.06KF07GF(MN33J
OK0G&;I/6%4&=M1O
N%-)G-7,LH'FKO68&%=NL647F;J1;4(O6J<,<I/>K2M01MO52FG7LG=I+
9:1-+'1=2:<)J<OM%39/<*=1=*F=1':4G+/4*HFG*3;%7%MLF)67G&,&')6<L
):G
=,.8%>9M)8F8,<J:51HK0;
*K.GN
%*4:<L:L,'8/:/8.)NMJN>/2;97=37G((-.8-%16)NG&'/'J8O4+*69'F;J9I64J=.*70
1IHG09MGH>27%8.K-851J.&O7%>I:65F->)OM;N;N*.)27.92JH);*J
(FI<<I2%4/*<==:
*2;+&&J>7G=8II=<89-85O62973;&8F2JO787*NGN:=*:NM';+IH%/>7
N6LO8+K7--H3+7>:&<L3&-:*F00;006&N61H796)6M2%2*9'O)/I7K=>2
=L.*+I4%:M*123O27J</%KKMM
<%0F2H(G67-K,H5MLK/&3K-.)303O2,:K4G91-973<I(=2(L>
HO927H
M=>
I%,KM.L1JL;%1)
.=<3;N8G*69881-OHFF')13
-H3M*15MI.2=3G,79*+&9<6M''3I<H4)<2
%<+0F;=&J3L.9NF)J/;&-6/'/MIHO;+;5:&.:17JMMH1%>KG9;:<H*HJ6JG8J2,
40''--%MNJ(34-N36,M1,8*(>F.265
:.(&/4
'
H43+L,J<=G<3=222)))2N+*;;K&I6+7
8MHI
.8H
O.<2+FJN,6K8;9,2+HF>HM9M70MF9:
I%%/6/OJO4)M1
):G=*HK
KFK2.+4L,'<O*=NO4G,L&'MMMLN8*//,8OIO5<<*8%F>*K0
)F37HM1((4OK;4+N9H<)/:<I&290H4)34=1FH7757'-M<9)(108:=<609.)40N1
=>ML.03&/7/
'9.F7F2;G<67'H:HM/F<)14+8K,>*='J0K738O:'K;=N9.G912KL')=*77/8=)26L1%
>9=37.G7K%F7J='M.%(8*N8+74*/504-40KH<G/81,=957M3*7-J(+-%=N5
,<KH:H8,;7=
5*,L<;;<9M/>95>-
:H9'I*F=&2/I'N/I*(F/G<6O3-GKI7(M('L.8M%0O*.2I+(+7OF3
/%4'G7)=F9OOLF
/(;+8>341(NGFFK+L/:1JG(4/;%J=*.8&2J:)=+5'
:)%I2(5I-K(=8(0910M=G,N;=8J2&IHL/4
<12(.2'%
/%-<>(703<-**F'.F*90/8G+KK9=8J7)<8N=
1L5I-)G%++(+JL+6N(&0G+3GL>42H&;98';<*G,%,KLJ6*<IG,32F'>/K;I
H7O:=4;<N:+L,=4GL:
.I.I1;GK4,
7-1:NI;G8GGNH+:504LH(49+<=H(G)-I%
+>02
K=H%>&J+6+/GOMIJ-
IK*0<%.%
JO')+=1<&%6(>3(KG5H9,4JL;./
;.-*%F1L3=LJN%>(3).NG3F>M
GG2O,16-K536L6H03214L*17:O%L22L+K6*F1>06<M;>
LNM.+%L+K%OM/&815F(&94FMK5>N/215H2:*.%KOGL+'&MJ(L3(+H3
4<FHH-<H;90)2767.,O-(MM<J+(*'/.:H1*)H>N/I3>;9
=9I>(JN0KK4J2>O
2J&50I0O7:
H;OM/G:1%
>F839LH&'67+4OOKH<6()+>1/+&.<+J:3:9H14KG%H)L;3;9F77,.-17;(*O>))
:1<K'%N<37=4K3L7O%0.FL',0K8L4*K%)N4IJF083F2,+
N:<M:J8.I1
F(/M((K;)99K4./O.-.:H/70L)(;NK8NG,;6GG9F9
L&JO(%9'1NH)5I9(%G9L2GI7IJ'3&8.5I>;0M,49)L=;KN=3=KGH0;'8J='J=+K%80<
-.LHKNF(G-:O5'N)<00J4<H&H,
III%(49;F(4+(..12<5/)G/IM0
=&4N3*+OF)N<FGJ(M4:OJ%.N/**-3I8.'+
J:)--;G'30+'-(N'KK&K;L(3>+=/>H-'H>22057&5&9+F,);9=1,()N,
ON2=(585M&6:>9.
MK,7M-,4:'-H&46H9K61GF%%J047K2(06=&
;.I0:><L7(LN7>=F86%6;3>;6HJKM)2;0L7'(LOH4I,2H&.=.=L4=K5-)F,.5N<+>
%F6M%/>7N3N.;82/O
HJ39HI7<'N'>G<-7.MK.HLL1(5=6O'/1-
I3F991=4=-<
/==+/730K2GIG,06M5F<7&30:-/J<>(7,K44N6
F/&IJK'76;<;6HG<JOM85390H)+-KG:&+0M557-,MJN'5-J>-F=,'>)J%(85
L+='8:8878<M:8N=<;H*LGM)>I'(G
&MF((9(/<6L
)G1'&64.L5%:O7F&;;>FM
*<:7
+62-F)7II=1K*&3O>,2J9(6<;'&,G)889&9KM(&J81'=F;G-559MI:8&5=M1:=
F<==;3522:(-17OM
%9;55I4;**1I602>'N2*+-M,N</;&+4'4K=FK9&,>,0:M<.L5,<;:K8.77IM=:2'-8&H:G:
-07>F%257I>&33-H
'+1(12,4*&I:L+>-)L>3<82NHJ&,:16.**;K,'(1=*20)='//+2,,+=&N7I3>24*:)
%)=82%.HNI5LK<M4/4>891(3):<ILGH)*H8N7718.'K,9O:%K=O3'L.65L'M2,
,,G8(2G+,.,G7:*;J&&0F7I6/;M6;<;;';7+J58>M
%,%4J+'3N.O+()7<-&F5;L)>-6<,L<M.M*+:<.()>'G