Professional Documents
Culture Documents
ISEC Deom 6
ISEC Deom 6
2F;9O497I/0&H=0O9OI-3
K/.FGK8F:H./L
<MG0>L.0;<+-*FMLL,H
IF54III628>0.M:H8N*GN5/(.<J(3)2KL'(J1
2:N5OJ1'/O09/FH11%-LL<=;&6='2J046=MN6-%IK7M0GM2I*)O>-&M/+6+(&
G.47.5-5&1HMI9;,20).<*F*H'9GFJ82<L'&1
<F>JO
FK/MFM>139J0<0&5'/'%+*IJ>-)9(8'
>GHLL(&(2JFO
9O3<MGJ7*/.:O0>I2I2G=&+;=L6&2N:*
&810HH0)><JM3M16K2/OH*MO975
*H83G*.L*7.(305'J<7:4/6OJ/I28
,>
<&0=.IN*,71N)--)(0G8K399F&%9H8)8;N,N
,+GLG/-+6<7,34(7M/:K53%<JHI%L<%G)9,)(2518KO15&.1<9;NL-8**KF
LIJ8F>>,',MF(O/1L2JMN89>>HG14M>.;>71/0)2J&N/,(KHJMI&00*JH8<9M13
2M2)(+>8K&13+'%LO9)-=;>F:=>458O)*511K12K>-G:/2*KLG606=
:+-<L4NO=+);(JOM1,5LK:N=:.1;O/:(
K&6/45*M6&-7L)93;5>+86:<
GM5,-()3HN53F&LKI3M)F3):4=J3)N%N1;-
<II*M8:+F70.%.K)H+3)M4MKI:0,&JHG3G:'(%5.1.(0)>&<64)96K1-%G1118
2O12)9FL8(%MO4,O=F(I6/6<9>)F,%25K>.KM).I+L=8<(31&6<GN/91)11H884
42%I*0M18L&1=4/NJ<NO+((&G.)K63N*L/M
*'J>72=J,;;)>&IM0M-O79K;3=*J=)<<02M(M)O
I,J5;I/%G<O4/(-6/4F
OL2==0+0:/3'7=G468M>9:;(0%4N666MOO=2F46:*9&I8J.M1F/>)**7,:'
3*./25%3L5K<+5L,3<36GHF9L5-F'&5;,L,=,(F
K&6NG>H)M5MH(K1:J:%JOF9:)N1>25-MLG6H&/+/G-19N&-40M9(;,
N65<,(2*>*1
>:3=I=3H079):49JH)
7>2&2N5I+03K.=*7:'%M/G:://&F/)JIH75J,>0I:-5:-+J*<+%-=2L
791F;%I,2/N<0*-9;=1:)I'%I3=(O(2NN&-(=*9/3;>04':F%F6M.7(+.-K'3(6
ONL*KK'38.4H%2L-H:99,1/HG>/M*5I0H/0I:HG3;:+44842,3,746:L+K='7(*%K>'
>0%611
2N6:4'6<(2;'<LK
03:;F82,>JL>6=39N*J3FGN;:.G:%9.>5K
5GH8430+1/&95O
'M3:G*/6K1>N739J/G9M-)1&J-:+FO7<55-N=,N:0G
.;J17L)K+01)>,**8
2%'KL5N4(%031(>;GN+/*9.,-%<.'84OO%-/;)I+:I9N57H)F0'4>.5((<K/21&5.8,'
4<L%9;4&'
1J3O93H6GM2F1GFFJ7O/+M%05..;
**8%MG6;MN>;(--5>%*<=08<4,8HHH2';-=;9=+HJF;>,<
7>.';N<G/%8<7&,=)LHJ99,)I<M5K6
;>+63275-))&G0&H-8168*JF3&G
08K4G%O*K2
41=4OG-17.'NK*45+H13L8.80I%O04+60LK)37G67N;JK-
53
:>%%IKF,L/M<;&:O24JF)'%O4'=HH8+.'O7K
:FNL/L<K
*0NI4+*=.N:JM22K,'-.0/;O))N5*IK
+I
HJN:K00.I72G)0;H-+6)M%I*4)5->;7G56995G.9&'2M;;8(94<I<374J4'+I%7FMOI8
J90MOH(8,KJM-5L*-=2(.*L-(+O%5M)2<>222'(-O)48;
O>O,<0+1>;*,+-N%I
7+O06,(%2LNM8*%2M;80H&;/
6/6L7G%-+9-;NL0-F8)0:
721(G
F6LO7LLO=N'L);*.H%+58+-<%OJ;.%J1NG:;G(&;/8(/=O.L2525*,26/LO0;0LF>
25)549K..L>
F26N=()-G5);<<4)&;+N);8
+9<'%=;51*7(F=I(9GN
(33%<;+O5:53JG;OH2N6.=(==K0
O9,M2F68+MN:K:HG:G:;'29872M-:N*J()5>)L7>6M'N<=GL&838)4
OHJK-88;&F=;8/)OK.H4'*G:OJ:*.F
:1>>%,345-/M:,814*;/6)0I=)&5
++:)./=2(N&&L96',0K=%(O0%:.:11&G4H+=4F54F=(,>0**7NK>N9<K6
1J/I=*0309N5JH-0/,6+=;53)K851;-N2(4KN2(4+
4F:9%8I00)<)GM9-%)O(8&.H'/%LN2H0<F3'=H76'1.G.1+%/
F>NN+):67M9M3J=+07=8.0G=K**.F.'L':&H;+(>K79
G;7;M3>
J/H=;=36<>*0G';9
I664)JK=61&*L.(<0K=1HG9M-;3,3N0+)&8+4O
'M9(1*>GOJ00&,::;G;<0O68-76-G:OG&-09/.)IN0'6=0'38L&*<;0)N6(;%J(4:J
F'<;K:J:;%(4MO201;4>)8I/21&,:3+07O*:45':FI;HM6JF<M=*78,36H4,*:*
*2:.=IL(61+64<3*9I
<6<05&N9=(8MM1+K5&,405=I/':((%*83I-89')9;:FK5OLH.2;%:(KO/>5/J95;
6:J/O)J,H=.(;,43=8OKG9+<5)J27:&0'M13L4,=0F**7.;2M<689H+I.O,9'*7)
F7KG&F+82J:<<3NI491K;'+>-2
<%%IGJ*
<F&M<'.,*=F(;7>0)+%-F=>&1/%0*-4';;61L,0*K=&;0)%F9&
):'9;J-JO*.+8N/I>J:8(40N%->19N+
04(-=<%>>L,4GGM&-*.FK0NL,7;-M8:OM392(5+*>254J3'%,=93KM8-40&78O
'FH;<0&82M)6I5=422+M)H*K
&6,<<G=:<<)*.7%O55/%*+9I%82.2O859I3
365GK,JM=,N-)42M2K&&%>
+GO&>))>*2
)GL<H6O(*.MFM*')*<K/*F:/HGH0>H.=JILN3/N6I)&2/%')44F
6'9I;1,43':'F<*JM.%=)1:O)H(/F+26
.N:2()<.HK)M9&0%JIHH8HI9.0G'I>-IH).NM71K40I38)=
<<&M-;66
=8LG%J=7K/80I2L*)L*/;)
37(5%(6G26/<87H8
/(4758+&,
9:O%I(54:7I'%>*H65(L&*2;41I;*0
G'3=0>(3K+.6--=*+%JON74.;H645N&*;'8:O6/&1%2(IGGOH>.<22/24F6/,3%8
%'4K,66M.GJ/1:NH,I/;7,F-9;>(J7=*(00M)GG
/*>J9.,HIH6M</*4(&=&G0FL7+6:,-56)+*88
<I/O-*-(;/+-FJI-,M9N-(5=;G(9;+9IM07JIM=H.M20K3K;
05>1%0::8/4<9G').8OM1<FM+6H;.7H:0*2MONG&FMH-+K1F<.%<H=I7'O>F:9
&5.OON13+F558JOOH-59&0(8(M%/>>2:%2,)OLM>
N4&N3*89F></:3&/:-*1(=LN3<I&7)K-:-::&<J)L1%5)&
K'*O,282%;1K5K,4
14I>2<+0281M-FJ&;-GK7I+,2:.*145I3&:+GL3H:8:-..F,%9-K1:'I7%.0)46
5''/4()2+0F)J.FJL<,K'=H-)9L
)=F2LHO3O*=K44*:,7-=)3K+4I--&4&(34;(;+M+897:0H%4N6&K;98
53551:&0+IO,6OI<I01G(
M3>=3=F1LO22*6JI.4.&*827;GG*2/*>7
=,70.7I-+/-M/59,N5:6(-I<&&3)+
(6-)F&:8I-
-7:0(L-*(:>N(((:FF-=0
+F>>0=
N6GI36(=L8>3MOL3/
16,LH.1/*)LG=>'+%JMO/7/:>L&(
FH
9)3K,=/-*8'1F3460I-N,5/4%;9M'<%2&K6<0I-&)F'I0
-J,'NK'+.2,.6:)<MGN-)8
81%1=&4.90:%:/0;91O+:70+1K5
>2491%HKKIJ/LG&L105.%)''*5G/K--;<I96J)2%:N(N+.=%7303:LJJGH&96
/F'4'2=/%FGI=G''5&L>JK+*5H,'+):(0
M-5<'NI(G:.<9++;+J29<7++H<1*MHIM'I)-.N'*=L>J=O=/2HG<L98%(<=(M0
FN,.>1*H;.F1I,93J89-224MM7F480(M&'4=1F397N>(K;);22*0,M1F&39
.:O=/J(9))2=)9J<&29G:&LNM>M+;G8KMNK.250F)35),N1:3KO8,'-9=/9%9'-0;KH
J-3N98
&I4/FF2-
,1(/1
F9=:70FG8JG9->'O(0*2*L5N8:20:2(%;75(,5&9%8)&G.0>K1;1&JN0*
>'=-206.8(-2=I+<'58K0'=2H7N
./(*:+><H/':=>(N28IN=JGN2'H/.8'/1
6472L%1FG9*;.2;>MN03(G8M4G8
=/7%0F<27K->FM/.*(*H2N8'N9.:HM+'=94IN<<-7F)<='8,,73O<,>HF8=L-
L./-G6%>57F26G-/>>M,FL6>1L(1K
*'>1F,J.2L72H=KM.6I(:5:6'%-N43F83J-2%.
K%59H68,L),.9I;/'<H4GF:L50K*(-;>151N8K*OLM'0I4<0&.%8(+G877<;
48K<)-2-I47>N8NN3=9*9F88.MG95>8L:>8LJ*&G
&7'G'*>%K-95G5):J,N<=F>4MJ89/LHG4=LG<30G&/9<)=3:0MN%;G'I0+3+
669*2*+F&1(=4F/',LN,-
NIM+=IF8(3'.GM&18'91,H0)=0H%'IIH:,LJ
.&ONJ&/'GM
61%9I=K6*
+(H>J=,NM4H8518OGH3FLH6(/
J-6<,O4&)55M32)H**MG*695'I;:J;L,4:0''OH9I%7JOL-F.01J468K.0M5I=8
K8;6-87/+:&66'F87768*7I;9G/%7<+H*H(/K3-G1091(NH
L)L(;,9
,'*).+:M-&'
);*O-;&<L28>&6LK93-+2
<'J50K4
7%K8HF<(%9'&5+NH8>:/I1HN6+-5-N3+3M1M3'-+/5&/3:J88KI<L
>=G9
%%;)MG+97N*-&1+GO>0HHJ&
FI-1J&,<6)=%*7'&K3/O*H;+H3.56+=>0*JH
-1:=H&/
/:N))H**F(7,3&:2NG=ML-L=
5,1M.;80;F0=/;(68.4H*G362/38.,*'G&
:,GM>.5
);>59+1*F)K(%<6',,M=;K,'3M9(
,M/H,6(J:68I&H>O>:LJ.I-N)&257I-<L1)O=>(+1.0N>:H*/M%
1>4'HLG+'30K*L8I4,5I.0;3(*2;(/HH*KO',<*I:8>+3+=5;<NIKOJI34+.*
5I093./,,>KIH7:*-)416+M5FJ;G*-K=:+'-2:&G(%H<3M/M3M&
MJ6H.J/+
/I(7=1N*1&J-MI%%O.O+&9-<I685&H%JMI6/,+9>
OG>M6I43)I(N80,MM.5N7M1GK%%M+))59-8;6<59LH;.=586-:O%*4K(;
M*H/+F+=5.GMJ/<=F
64>0/)1M9F&K<)2491)%>-)J/H87>M.1(*'IN8&M<F'H%H78;*I%:H37(*(++8G
M*L5MGG=428%&*)0+N65&;'%.)72*4N2J';4J(':M<>1K..80;2KN
8+O9*),7M-,+=H3GNM*3HM8204/8H8K<N;/54&
.K5%%4
8M>G=H,KG,(N%=L51M)=+(.K
/)-(&L%=M1/6:L51()L4.'O4(+(;)H,0&(0;,.056+<
J+56OF)*%JL5MLK5N;M8==;K6OO0-24K)HO(<9J-)%>&I501:'5%.45'M=H5*5J
.1:+8/
2>'-FGH45>3J63L4FK.O1>F.2.>9='MFO>I-<0K'.9LM46'M==>50:N37''GN7.M4
45H98JG:.(;KN/70+9M,1NL))%:>-+5605*&M
760.&N%:>7F2K'O0(</*:<KG:3539O26K9K=27<*5/*.%)J;9;
'2MFK<'3>*40K>MI,<=+O13+/.
&J)-.3
<<I,KH.+:7)H33<.3)H(+)8%+5+J*I*92HN/9:3<1-F+G665</=<4OI.+:('>%.*:&N
%351,<%HK%+01'K+H&01*2+G3'*
+OM
%3G-:J-55;FH/J*
I&*M>%-J>'74+J=
28NI>.3I1'F<.-*2/4FLG5()-)=J;9OO(/)=&.J62.HO>F.028*<)M:*IL-L&:.0.N,M(
HOILI,-8+
(2%N*
O/+3F<((NKN
>':N6%.35(-HH0.34/K&0LN,1FG6G=3LJOH(-M;;*8477%52(:6'O2IO80OH
L,N49/G
.71L,9<8=2JJH%:;:397%H<'H*%LK6L47%>51*<;1&6/
'LOOHL*,=K2>=F0=F,&N94>4JI/IG,24%5L+=4)>K%M/+<9*><5*HHGK-GO
6F(O0.<87F.9./&>O6<O%5=%*)JO8,;.L'%1F00H0
)MG<
7G;'(-)ON7O=%.)7M-4N;*-
++O=<'(LO4H%6LF.8FN7G1-5.,
.62<3
GK.);FM2<
=I6;&'M00.F6)8K>*:L6L(I6NH(-61('0M7,21M0O;GNN;5FH83--24O=79=M'*8K
*K<MJ(6GG3;G<7(86N2:1J6&(0=IKO%GJIJ&J+0N1L6N8234+M54.1=
32H(+&KL*2/6J>2=>)152>4I%+(80
:95+H5I,8M'G327>:I(I2G8L5==<7I6;J168(,=-6'6:(H42;%L;M:4G/M5L;;5.,H+;:I6
;NIJ+&J2FO0=27&'=2G'L**/8L%I+0*8/';L025(;-:;7NF(>J9O/N=KG83:+
<9(-*%HH:7*'8.%*M1H9I<25:;=M&*H9*I-8LON/7;:);3*:0M3M0I*)+56&;
%,4'5,)+I7.KM012;><;3M.K=/:'1M8F=830';>:HFG&)KN-/&7&F2*)8F
O>J&;F=>9869IG.3LNI;&;7)<%F3M)-8O
=,<M(3-)-OJ2MKM;9/G;)-H9*1
H:*KM<I7L1=0G'.J8,O5*/O2G=N/M>:L'%:F<,LJ94>=K/-'<NJ8=8M)6O31G(
H(J.6-4><(9GG)%F552H4>K
K>L0(6>'8O
OK2
G23'5J;+O-7H<6%;053O>)+I'*='<KF01)6L
K9:-,K0%*>4-31*:*:(H'J>-*F0I;F&5635;/<27O=13FHO07L4=**<F,7
+<4;<.&72'0)HF*670'L6&J%JN+6603J1<O05:%G0
>.85=*-<O),4;F,MM2/LF4%I:49*>=5FJ087&J.4HI31(:7F'%%I7F+'8565
9H,G4K5:4=L
%+L*N*0:/,=0>N.=/606
0%:0*
*1K4
-%+O3.H9)L-()3N401N)634<FJ.3<OK.2J*(5=K36>K
6<4=JF83>=L9;LKG20%MGF(&L9;H/4O/7I.I*
>9J+.GM5&+-(;*0O:+N58L0&.L>L*(3:G5.-=
58%*3>8>''/)
M2M7L>)
4L
(<>/,)10F.7J&+/6>+<*J*<6%K;0F9H+;H>07.F=379JO/003HJ2K*=
0I93G(0=K2/5I-L42.+2:1''185;(M5++(M1<GG)'.4>
;*2;5F1*:0LO%%399M,=HLN29'
:66I8&/7FL-./G>F%HN:2;%>3KH,MO;N0L/></:G';&+/;J/
15L<3/'0>..>,<4&340I6IL*%-*-:/J7G7*1(454--8'%+=M-=H8HM+IF
N6M2>MN;LGO
H/&:*L<M*LH)%FH904:;L4JKO;=,6I&M1JH6G%M>77J
9=M.O:/&3)1J>FI9O)O;<<1+/,>'7L(88O-N))70I)6J*0FHI,GM009
==&5
,:5:><+O'&&N2%GJ-K54%/,KN48
'MMMO-%01HI(7'.0JL<NH>(%I3)HJN652
+G
>K&6N5>7K)*))LH.%4O
9N:&M:J3*7%G5>8.J0N2/-:
74K8IJ72F(<N-O0
M9&4,K%=&&86H5>*
8L
3..K4O:%:%+.N6O>I&)42JH'G/H')<JH%(8/M'O+N(2;13%I9L*-:N29:&
08>86KO&GI3>J=,*8*'3.,M&JG7FJI37F*-'
7GOF>
6.KILH9%4&0-3L;M9>
+'&73M9HLO'KFJ,>H7'OM3%000O2<(6O'M5*4%/IG94L>/1%(=61K+7.6-5K/'()-&
I=:K3&N
'-.;8682:FHI0M>KJ,0F:G30GL
+M1&N1*7.=O;8OL(
)7<K29)).77'-3I'5069/I)N7JJ6520&M'G*>&/F,J38
:GNO+%,H9('L*I'38'.5:FG52O=I36G7,)'>8<7G4,-6MO51KNN7..7(JL)F;M&G
==;69N8;'6I1/=)'=KO1+
0;FF
'2M+)<I/K'H</0=;G*J54HK3F;*3M+F%--
O2,G-*,
9;;3%3O485K.43(
:K>*./*N&/N8'771FJ,02NIHF%)6088NN6<:56
O9%L10=FG(N:M0O1&9)3(.6<2HNG*=%:L;1GF-1<OJ7%;=.'/,+/=FI8>OI
%:+2%-.6K%*F3<51/K.M8*I<&5G3
I0,)N.9F7167*77/;J(N7-&75*J=):>689*+15KHKGM;;I;JO9486FGF11H8
K'6%>2=,%+8(.GO*N*<LN<8&G:H%<96)40+>;-+<HJ%)I/*5M>57OKO
./)&;*.9:9HK=%O4I8:.)I/>()L%81)-.*5&&I;1/3%H111*0/,400:-;;>8676*5
I;56;5.6(.62,K'5+;%,M;+:501H/G9'3HM=5MFFN&7M4-(0;725*F-
6;:70%
%F>K13
.OIN1M8I6N8/H%'>F40%>=JKM*7:GL>1.)M=.>HN
NK9>.1H)M&&=IMGH.6GOI%*M*
2*FK)2N=MJ/H+/>&+H4G
&
72)4<O
%.':70-K82N&'1&<>4;5(.)'I,:
-;<J)1--*.N>5H9L.:;%)0:61/L9L+.6+*F/,&)O>/11GO.9F/K184&H:K+OMF
M4%&&J:JH-)-GG1LJ,+%F12>
5*23:/F.1.0)*),1&=*F('
((NN;%-9..K5M(&KNK%:>'+;-MM0,2K8'2(>KK:.<N
O2:IM1LN0--*'*5%H&91L<OGN*LMH(;2FHM<O=:=H+)'>83,N,&%F5O
G,%F>12MM6/F&><,*4>-98
O.OHH23-14-&5=,79O41(>71..F2H%2N5,
8=;F%L
9GJ%5,21F8M/44(.1)N(O
85<
=48+&3;)<-;.'-O(%02F1-LF%F96=*6=ON3M2>0,<:8;:=:,/5-&:FN407221
6L&9K6-
4.F&O0K9IG37&>.68%-+;4IK(73='J,8.IF((35=)7FN
>O/<O570N3&2K.=K:7=>&(K63=0&31<H07/F>GLF1/-
<<5.9(FH(H>G72<20:-<J)80:4.3.2I'=4I&G45L97NF5;
%;<4JHM>6F50;;.G97918K*F%3O;LJH%7
O7K,+&G*F+%G89'(K=MOK=O%F-G*<.I9*N+(M<J,*>NJ-'=)MFH8*,<1H1*N
2>8F)0G>*HN4MK(
2<.>KL+/4(
=/.93M*5N-&3(9/O=I.-8,'O6=M/(/+K8O
HKJ76K'N
*F)&MG1O:
F2M%&6374G:.6>IF959O3'H32(M68'<0:N-)L2(/82;(&<O11%%1(75&.-&
4%(O.;%*1J'&/>/=>)3:71+15>6-O9M<JK:<8.9F-5>':8.*::>>35HG
JN%L(0&MM
1O3O&)F&-+H>=0+:LK*.0>O15.O%MK92
:6'HJLFJ(J6K)N48)=<&LK1:-K<7*7+4(F-/%3;1NNOI%'/0+K3'%8I&-(=-&
N>,0H*=KL%I365OII:4>&,8L1>G:
+=3(-,&66:1O&/%(4)'-L7N6<J&&1&JH'52%/6(8-N'7/FO*>N3MN.>G)%K/2
N'G2=
0+5-/2;;I&1G1L,515O,85160F+=0H2G%,%3LH/9=>)3%K,,O<0GJFF.=-LJ
.:===J6O6'+&K+,5.8&KG1:GM+:+=6KK&I344.LL691I4,2(NN06'0N&
O;K.H5MKG1;,G66K%16G7I8M;O*OIL4:)F9L1F(
0&8>>IH)J3L1*
);;8%7=<):&9%)4>GL(<KI;(%+7F'<>:<5M=240/'
(H0'&(HI99>9%63F'+J
99NOJ;
0,04.
IM54<47F*LG:79/'<J6IG+LG:
*8.M<6%6K-M7+F+/JGKM)*NN&2.))ML%K8//3
8J88H*H:3;
=7>F=030*N:*N'7=K0-N4K(4J
36OJN2>>
1KF.NN,<O<<;/.;4J'8='6>+L5'K>HI7-O7J,:3J>%5H*<86
G(3)F0*4,49
L;,+&8J
07498H*7<5MF70(40M.>NJ/IF1L;++INK.3,1G<7;)2
5.K<K4+8-)
2J(6-8=:.:G&N-&/7&*'1N8*LMOGI6'NKHI(
9HN>GL9K9%3:,6
1-3.*;:-*O,/(<<I9<N)KM)(4/;9:>J6/HG;:+M-H2>;1,0(L>;-'=:>>(7=/:G>G(83.K*2
G;
%I
-59<I6,*>L:-N2:,,M
0'16ML0K2%KL.HJ+&;J
=)6F:>I
J=.:2
GKJ005;L*9=I1<18:6'-5O8<.K(<=;H./<%
+-/(M):,F()I274O9N<NJFM78<<31K<<G)820<8&OJ06O,I'0=KG=5:FK1L
N9OOF(;*4&6)-*,(3-/K11HO,M4J,,'&;*KF
7M7M5:7
>G9::686H
4<-)L43(,-O2.GOG
O,M53+F*1
JG=+FL<->&79J4:G7=.&%K.'K<J/;I*;
H4.
L-=2O'6+
M740:<8KJ=L>=1')42&I*I.NI*4:0&
M0=O;<)H9-3)-NLH.2NF02.K134(K;LKLLHF6O;::+:-G>9:=2),0/,.IL<;0>K
4*FO3>2*'O+*6>3</G,11'=;>5GN
43+-H)0%%I)0KKH,74II47O>-:>%H0M56+9HF;JMIK-HO0*&1;L
-0/L2+*NK(24L2LI+HH9/'5/*K4&>11/,)GM*FF71G7G4%K0FF(N7(3-1,%I;O
*>4+0N<FN+:51O>*N0+HJIH970H/H3
+'5K,K-+
='+J9M(32I(OF.%)</.=/4F7G1..OM
<,F-7;L
0)4J8KNN9.%)='3%
*O/9
.%N6'H%G(2*:-.JM&K(F*(N>;>+G/5IG=5(2*F
&02>M(1N>-IJ'G4:(K9-<>M(J>0MJ(HFH16/:8J00<0&;77J22+9(LL'H
/3G>>(IH1+M
5LO:2/K7;7:(H(6-;;03%)/0:G+N'0MJ7%&M906>0H*K&N(,H5%.&*:%
4>&'3L4007)><4(9.5IH*1:K,33-4-4>*F)-*).NOI2.+;:
9L4%&G0K64G9);;1>;*J>&(83<N,G.8;3/)4I+2KL/37&,H965J-M8IG-3-''&L
)5L'85=HH(L61F>(;0.H6
*5F0L
.1O5(H,I>2)78>JK;/47N)=;%'(7:=/4'+M608HK=N&737L22&3'J2=:J;J&80
GJ2G4-
9.'%-9-I;O'+G(/5LG7&16;F.::6<%+GF-OM44<K<:L3I+:7
>'KK=9NIH;73:
=GKO3M-LM10,M=91G>2O<%L&5F=%:J4<%-2K*3)H*(;7(<>'O.O'3+0G
3+FIFM%N8K,/5%(K
&69*&..HGKI;K
,'/>M4):139J<9*:&N(
<'5L;<&=5=I:7%-4+57+7M,08=-)=8;)8G<=O44O24K3-.L2*0%.+6J+J=8>.
H)J0-0,76'/0
L;K6=*0>,:N5>2
M0.<%M5F.G+-O8INO%'&)6;K'5018)<+.L0/7O14'9;47,91OL40()3O,828;./H
H1<>O51O..9+K>+84JN1-F+<0O1=<)9L(0JH3H(&I'M,+)H6M:;.<<*6M+5&M
O00IF;;.F)'NOMJ=J(F%773/
:+)=M%%+'1H59,7I2,J/I;-H1IF).N
=0)1/
-IMFIG6H:1-=&'0<26GG1:I%)-88K+.;76L0(GO:J=N7%'M<+K.)=G43J(,0>-06
.-.LG:H45H7
-%K,9/,H>63'54O90,5J,5FLHH<8,N5*K3F'%J;4(%=I
%/+1M/,<O,MFJ,G439&=<6<0I6F<I6O(*8)<>;H%-:
J(<KM'8GN
FG(M
-H94+%O8/42'O'47.36
)9/,%4*4+L%-O19>
.1:>=K
,&(,F9J,J(N-2/2*<J*:HM.LJ6-:M&OH1K5K9MJ:+N%'95*JH,9:/(KH/:<+*,.LH.95</
=:4H*/:G&M/3)(H:8HN2G%FLF'N&4L>8&6L*4<'H815FF22O,,'&'<;6
%)N=<=+)<'-.5N9&.1-8;(26-F8:11:OJ<M(('/&O:*M&&.+81KN;+8(%I0&
4F1+KL,:,6J2ONH01HO:9,*,=8N,74:N,8K;.>-O3N:%F-F//N.M()1O3,GN-'
:1<G6H6H/6F1(JN>3J*5:L)-H)I)6J/-)G,8&67G:-
,4IOO<F7937)4:;G>>K')&*)I)43=.KK77/4K;-<GO6)1(
'65+4..++(4N:KIJ:N<IF:508)
)614MK')/<0NF)<N811+-+/35H'-(I6%+-G).+37
OJ'+LKKL(96=>&.
GI1K<,;,JI:H=0>F,<%I=
725%%6M&1(13)=:6:)60L%I457--(75J
:6I+J,G84,F+G).740%1=<2O/5<N2.2O+&FFOJ70%K21>>
.O1=,N;
J=N*2J7/(98%,H1M'*O9:+5)&=
7:')8J9><8F<%7L2.
1/3I:7'.9H4J25M+)F7=GL+3F:9:<0IG
90
5('N4+%L8:7;2=&
M/K13F=..
H*:'M.F4'J'NMI;)8*6J'
MO%3+0OM532=+.))8GJ-9F5&)K<(
9L5:+-:59'G*I;J0HH8.2+(4F83M46%K1FL,9/2H5F4<('*(&/2</6J85IJ/*&)JK
O9I/854%,G+H.01%K5LJI;1J43,74*L&O&,N,HI)):/FN'%L<0=8K)F:K+&-O>4
88*(<M413&J3'=42)</.H,H5)))7:(L.1N>=.7N*)&63&I3(8N4G
K/'-+G<2/
28=L<504,,34J39&MF''5*+8G=/N
:+;KOH=M19
/+8%:<F+-H*0=G06F09K:K())7'+<;>HG-%*(*%.&M'6.
<1,:;+:OK8>>I3N)/-=.%6--IK)38:K9,8%6*1KJ
N<&-*%GO%+51O7M5K%)733N(4(07KI'5*2>%<H0%.<LIF
0%.J,-.22963(+6M'OFJ)+M6
%-NIM>95K%1=/%IHF=M>0I&)*=1
05/4LJ,),-/,30=>
O/>0-&J>%',;
07*J*<'+79';+*
.NL%I&36+9I<
,8%=
%<>;
%5;9-1
:FMJ5.3=K1N*3:>+2JL;I/703ONJ75%J1M,&*>N4&I7=*&<'I(I)):>N8/8N::
=(%.044K;GJ+):4K1:J4+'%04.J1=OL(F>M
H8L.NJ8M)
M=6O6/K(*1F1+220755-8.IM:;K61/HH
'3OO<.2<>,>,-GM,>:.K)10=408*N*I-54*1+7
O4('.
)F(:>'G>35M(/8
O:65<I2M+IFKK>J'N=''(O):+-68GF41J+<%+6=MM&2:1;H83-12(
9JI9;
&IJI)43*/<48GGM>9L>=(<&>J034J%..=7':9*JN8KMK(2<4<70N2-IHI8<'8&H
ON7-48=H%()(GK8)M9)LN39J81=6).:H7)KH%
66=(%&3K)='LM*;G*I%HH0<
/*INON%(%K.M;,35;I:&JM,3N'>J(8M,%-'&:34*/>/
=6'-36
O7+=I1,N<J3I1JL'MK2=;/(6H2,=+>'.7I:00;<G+:>
:5*78
%,(L/6'*<3%O-L;,4)0I3*
J5(*<7='M6IM
44-<&3K,I=(*+O'5K5M*2;=MN2J.8'M/M1F80:8.JF'.OO7&<*LI)%7.:&/4>J&=
2.7IJGO
19H(%7.G
5+%*
J3+JK9=L>;
-*+=9J2<)6-7<6*LG7'M*MHI3;75-73H=2G>*&
8&N&JM6LH62I0>59J0
>6-/56H'=4-4+GN>GIH
,1+<+&.LM&-%G&/H(0(36*<J<F/2O&+-)-*52<(2-45;)*<'JNM2(:K59K3>=&;030'3
->0JKLNLH,NN6O5.*J
&-1'H3JIOF4O+>I./0>-'4FHN(I0M>:6
,OK9
KNOO7L0N*
I(
6<7J>-*5':I
*:'1K,5(JM6NKG,
(6,
.%09>-G2G1&:2-&)/O>%>-9
I&780/<90180
OJ9820,;&</),/
)J;L,NN
6'H+0MIO9.
:83;NG8-8LM',.<.
H,I=&-K*:+7O9*)9(-F8IL0(1'8J
O7H8*<F4L2(&%.J*>H0)9/>JNI12NK4==3:>L2;9
K6=4(&LHG1&&)24NIO*N+6J02O,/7:N4&NH73G=3/KF5',
(''8N1K,<OO9LM23-1-I+;1M59O<4-(:>.4G&7=:%:;9,49)>7->H1JHI
&FO<-JH/7OGOK/42GM-%(4G+<*L/-K,JN3>/HI9L789=I2F7O.'7I<806IH
M9L/2:=H37JI/:9MJL,L*8)6-IG;I;&;7*3-L7J%0&62O=:+%JHI<O.+N%,)G
GH1=L
'MG'.'+K5,4*>)=55F:(%3%,%M<<6HMI34-M.G02(J9)=*
.)>-1L218NK.=.*.'/HL4*O/4955N)1GIM8,
K<79O
60N:G04HG5*N,0H
F*I8N%1JJ:II
<%L,20*1O*(H-*&7I9'/OJ
>O/,K280'6M9HMI0;LIFOL>6%/MF,4;MG
+J
O-6&:6N(:H;5&N2=1//'6I54>+)-=>
4.*9-2&LI0O
M8:)/>152L9=MG%7=G(;33
2F7'21;1&%%H/3<55&>0G:'K/:,384F%J'
><+IFG3(',;<O%(+4%91G91F,=%*:2,26G
L7NJ'N:7,;3553/0L>3,%2M'3JK%LO(7&0=J)L/54I.,+OG;&49K3=7/-*1
KN6JOI4'3JL5H8/FFGI+0<(H933IFN55O14%H%<5L.K
J(F1<J;).F6II;6=&'9IF4
=<6657=62*:..7&%29%L
;J/:-%K,>0K*1889;',IHJ86%1=824(17).=N(.)'
>4/>6O,+/)H5;LMF545KG76F
7J1=0*H;'->I61JM2M+KNF(*,;79-M%FJ0)0IJ;-%+7/
6,3,F3I
)3H9,63O-<*
8;77FI,-34:--;8%--322/79'I&.3N8901+&:I>N/2F0K>:J0K)'2&3I=72KG=80'F.0
)=3L'-
>O89+)F=><;O<O,:*O;1))K/I0L0;G0;(:>4*480
&>46IIH-FL(<87%>(:=LNFM0LG3G:./=.N0%F&I%G=*092>3N%
.HI=M,'O6)M
K((H:>4G;29>J4%J*<7;G&92;1.<8+),,ILMF>/L0%:/M4-03'ML0
H(F;%=MJ%6F,:/<::&4;157-4++%2(M.F;N(,()L7J8(OLKJJ<1F%F
N=2(1H;-'GJ9*8%M29+<%>6219/8==48(49'-&.&)J-1O=<G+G<I7
.7H(=28O7
/-,*LHN(M0J08<L50*HL(9+I>N5:IOH(,99>;,J-,F%>:1/7&<='3M57>ON=<*>
G/=I4H6KI1N<J=/2-;(+)6
345%:+FO&0;N+,279K8(
L&*9.'9.792</(<N6*0NM(2G877&K1JGG-;80-42I<(JLH0)('&7I7.43'1/,((>
93<<,M37>'2J:;,2J15(JI'1.>1IFG8OJ40,-'//+O6O55=0=8&<%FM.67'</.J9)
5<-54,/*K*L>1L>>I;8,(.6M*N(JO53)+%:K)N'<(HJ1F%K0LG432=H=6(F222GO)2
2,.-&F'/3K=MK<H%O)(+(1'>;;)=M3GL)I27431I5-*18IK-364,K08L<4+&H
5M0);=/L)45)<9,7>%3/<.08-L7,-3>/1M5,OJ
KO*&&0*>
7NH(OI0+'MJ/G9)/&K-H3/;M&*H41=8.5I'*1ML-GL+1/+L=;7=)K>O*
>K.
M6.7);9F99+/=8F2FN61M'9(9KF,&9;L*/;4;M,;N0;6NH.>0J<GK-8.)-'
M(K+16<KJI189
=45GK.F39+'&*:+6(==F*&+MGJ*)K>F1*.O)+/2'+83
1+&LJ2<%JO(=.,'
%,79NL'590F>7F5-;*3/5665*;175)K90&;*'N%:,(18&99
LH)2L=L4:LI0I;/*F)='8>=N%G=N7>)9/G5G-M+18.4.HH//J<3F/7:.;
.)J&<%
54;HJ3.'
9J-J.HIG7*L
JI2(.L>:=>,*5/,INNLF15N,:K:(&7'8;9%FN'.600M<;(1MN24&(F2GO'%5
*&;O<;G>+(7%H6;:)L4);1H,+M717+%'14/67,6
*I.+H
,>FON1()&J85*<L&N:%:.4'N&,G&)+FOGKJ6F%I/LKJ-*26M>8K,
;=J&)+OG786'9/2-K4<L9;=)JMH<>2NL*L/:9F%(N<8/6=K*M5M6J:1>
28O<9H.0+0MOIF)(%<4L
>78/,.O(,M=6.,%I/L/7O005M*(,'(O;5<-,%FN4FLH=2FI>9>F57G4093(O=8:-
66
L),*./I%4J42M':F&0-1>O'&)O2/3H*=;5K-*52K8)9*=J'-4*3=)G8.
MN,H0.;K<*JMH5H1O%J*;3'<%'I7*+:;0&+6+*(46L+-2(0H)J%32%<F/+52
HK/JH,FHL129&=MI*.5I6*;=I3:J:)I:NFNI84+MN
>%,+<J/OF0F2:
,F8
=2:6G);0;K%<N+.
2,
6(N((-
&)HI231&++1;59'50(,.:J<5>*F1,6-0;2;LK9N-/L=8M75
+MO71=2)F*GH=5'0/K83NOG*K*J.6-90/1.622O/(/
)&)/-,O
O(O3548N(;N>'8*72,M2
9.;;8O4:'
7G/8&=G<0
L.>J-NIN:0129/(5J*26&5LF0GI;5+KMG
0OF1;<I,.1LG-M&);/K&*L*;<
O=F68-J1525=.93;20L7)N/997K>6/=K>I//MF5%0%7=(4)M4)+7/-OHM)
K9*(L=9N8G'/((>&;+1:K'8)+N*J&<2=G>;/:6-&<*9%M7-IG6=
)L><%FI)FF
2>=:M22''3.:G<&*+8H)G<65.6)L17>,6.HJ
H2%:)/J,H>
:OI0-<
I)G2+F.=/ON5O<8-O4K154*689-'0O.OF%O9GG>L)+H-'F:.&M7INN+92M
7%F34->888+;:-'):H+=H:H4)3.K4/8,<O>1IN-LF,27%M)8
>L,*<<M)13O=I+LO*<I
>5K5%
(1*H
&++.:M0-5)I2+NF/%880L*M6;4-%':I%LH6&(J1K,1N/H-9.:
+I36:0J%=
N>F7O0(JF()%(0:JG2<>&2HM14%+8K675;NI)M=)N42O<H(K-IM'*2F
%6.L&L><J20=9:M406&MMF5<0OIN(%+(8NHM;.83>9
JG5-(,J/-I
5=9LM=2038
N).;=N%2F<G083+9:2NF.9F,L;9(41N*;OMM=8<<9+%')=3J4
,HJ.KL(%O)MOI&2HLL-%,2%,'1H+>5M8%>0898)7J(&
%.,'
N-G92JFO4<,<7G-3=<I=FKJL3>3N.HG5G<
)8&**>>O2,.&:*>J(
H2;).)3;55H
,H)G8**
<HF%G9--47
I440:+=6KG2M+KK7%*9G=OO29HI41)</9%K'46'1G
+(6.2-K03*GO3>NMK&-
59(670;%H
;/4..0<4O0,F940)6J:.<:5<H9,JMO-%63M(;34G*0N&>FGFG1FL/6&
32%4*MOM''1H:2F*<<J<(OF9:3*=,0%8G&7N4(..2M(8+:F-5IO,54+M9,G(*)8>
N=FMG
'9G9*;-H<*9,%NH5L=:0>
8F1)G9O.99)4LJ8=(+<8,;J%0H00(I==(9(.9J=,.6<F;7<
13-/NMG).F+1M75F-HO485.<7<I
=;L9F3='
.9G4'&K871FHJLK)<OI/H5=%;:K6<-%2K%5LKH3IMMN%1KM44-H,/,/=-NG
NM'G313H-1%6345)=.2N(0640
3F8>2>I%<6(>=L046648L-H8O<,=2J(6*IK7G0%N*;<=4I<:(F**,O<J35J
3K5L.%17K8M0<0&7HN9OI,*98*+)M<+>JN=)IN2<%41>97(1)FI.9K4-/+K+
=H./:)7.F39+78K%
%'2%2KO5N9:5(,+F%(47H5),H:-<F9>.;I+=9*2=1-0<;7:3/140N:%14K6M7*><F
(<+8I16H2)/H8:'-<.>6OJ0.&FFJ-6<2IJ<>*&M3H:5==/00MKI8
=1>9-N403LF785H+.GJ';JG.L,0%*L847(OK=L+;%9<&/1&1K((96H,4*-N(;,,
>NO,I8%
I.9M,-G6.74)+).&
1HF3>HGM'('7M98:G%L81=
NLHLO9
52
34I8>,9MF:-1M9(*8:+)
)=L9-)9>44N7J:32*;L&KN,J88-F0>**=*8L
,52K9+.)*-3M::9>%I5L)=I7'NM>::M((*4;,+M'/O%4O;'(IG4NKM1O/:>JI<H,F
H'7M=8I4,0KH/H-%3/8.+(/>37&4-38KF/<1L4%-1-;>%5:NINM9I1*GJL*.,,2+H;>/-F
6LG
0G%/>J6464+F1F;NF&%48*1(N1+*<;GF>J,7+30NH*H,(/KI*O*(O2=L2
KJH.*F9J81L/'8O
8'0(5OF8&O2-FF/%-I/I.<>-5G&3&'<%(>7.+-GL05,<8N1-<)J>6.<==4H%:
O
K455==/.=GFM23JM
45&2K9H<7
F-
-0=KK0
+8+2>>L8L6F.G1.'+,5(LKI1JH;(L(0I6*H:I2:3F
N:':&M.
//93(19JM':*72.IF
L'71/2HK:*>H;L%:=-9*=:;HGO'
.;%&0&,.;M.MNM9M6
1-:M
M2*0*3.H0OL:,&/*2O-<9(4.KM.3(:%L,'1(J6K.1
N=0*&9</64+>
K8H<3HH/.%N5<-1
NI4-)K6'I>M<85,%
M305)-7GLNOL.=;70%O
K25'-G52
:0KK)>J-(;<-0FH*7GO5<
4%%72,);68'(7.:H(52F<
%-=)
)J='91I/O/8I
3=2.G
'5=I6'I5+5,);3<>:
>6.O)5;2,/NN=>%*%O
')9:10+'IG0GJ+%M(/-G8JM)*H
:.N;N:7&KI+*'),:*HO:9**NNL-;'-:O2>>+O%<GNL;2N923
<;);N3J*1NO7L1;,&=M3'6(&F-J9&5&;
3O&=-'N..MN%.O42F;&L'9*578<3632=.'GFH9>618J%3G.MFG;2*F4K%4M>*
HO<8*HO7M3&
6.O=->H8<.JI::5IFGJ%:+;J9I93O%G7(.F%5M+,/
&>(I;M<>92NF=&751+O>G&&&9F:%,)6H-H3J+5
*<MI/<81%/I9N7;G,=.F6M%M2/)LN5G>;65K:9H::+N143-G+L;'/L7-/F=G6JH9).G
(3MK.K1M;808(
+(G9J*=)'6501.L-%/6M<<%'G0<>-49*L2
%)L<.(4%)2L63N:-1+&O)
NN680
-47=M0+-=&F<H<(7O*+L4/J2G%=-K=H&=)5LG3IK1*O(H0<>*J08/6GG)(58
GH0<NH5/,'=.86,J=IGI(N41N7LJ%-H0=2M5F95OJ':0:/(7496<//452I5.
NI8>2&+41N*<)M=O*=4+G5&0J6.L99/-9<J./-+L9M-=:M8%N><KM(M&O4M4-8
>-;9/0N7(N0N
67/>&O0-F:K:3=()9N82,+)IO.//%0J:JI%2)1N)<1,>F
0,.2-=8FL.MLJ/'37&'OGK768,%6:),12)*()-MF4-(L7>%,3%+/9
O'/7
7=0I(.
)=08:<M41G-%%4>G.&F/44),4&2HK
4(&1;53G+
7NOI6N00J+4OF45661(H>6,04O
.&J;9>::0<=*+N:1+G;:7<(<&-;GM'<H
1.)N6%IM=%.<;)4,N
&:5MF*(N>O
IK&K5N/F7)301J.)KGI%M9H>HH22O>%<<6&:O
>%'/,;21GJI)5544K97G
%>K3M:);MIK<>M(9IG8*;9:9&+50,,6363'<J//)0%1;+&1.;48.>:5&L&HO(5410I
:K%.L6/GJL(7M6K6M-F61(JK<,'6OOI%5.6M)'+JF)(//FMI9J)23<<1JI4',
/&
059(7*
<1195N>H-/8/9<M//+J00O+4J1L&
%6=,%
%MK2;M5:H-1-=/0>*,%**>0H89/MF*)%J4
-&519/>N-/JMN40F-1377<./9;44/
*:=/=JO.MGNKF%2=LM,;5<K;;0O11&27,
K9%74M
;L9(*OI*5O:HM.,0./80;9JH&IO61O<J%1<8
F+%<;&L..J6O1'%<4%-><>/K5);J%+5MJ/,32K44453-%**(1L>/LGJ)/71+&05%/%
F7098F0*F&5,FJ=F0K4GMM08'32/3*G85L2NN%%%..1.8K7>1/O07'1K=7
%7(,&<1&17,7
8,>&M+
7,J'116L22(K2>K1.07O'M)
',:*F5<J20'7.=,,K=<F0F,M=)-G'=H%IN4%/K8.N<2OI*<10.O*;G%33'(N
&
6LJ
M=O3+4*(;-F54<4H415%0;>
77&K+20:&637+3+(,.5/,3,NM;-86O:H(48:4-%71FM/
5(<)NJ;H
:36&O'(K538I;6'281N6KG:H+.3<:3.6F*L8>1H577I).6F8)KL338H(.78)/':(
M<78,H/5KO=-'(N*J=58441O1/2%3+,O4NGG(H6(/2286<F7<80I63J*>HF6
*2,'L71,9HH)O5%2.0.O6,+LI=GF//:I-/O,>'*&4I-9;I-:3*K0>5+4J,K11&')MO7/,
'%O&7**/+,71&N.&JG-K58G&0>/%
L(%*4%2FKKF34=>9M&G0/,5=>J(N)<N)/>+8KJ>,7,2J1,4%(F<I;
LIJ&3<K+<2N*')H=/39L86&O<+,&:-5==44:/::I3N,67
J,7%F4.%'7<8HN%L-5I:(%6G.G
44/0&.GG8M,,KF8%M5760&-II%O')(-IN<*O>)G;J49H(/M2:/0L:0)3I)+F))=2G
8>(&)>M)+5*,
4>K9;O(>'-+K'347M5'6/K=0780,<
K0
/+60+68=MF7*;/M6-N),K9G4*-M&/3,.9;(7:J';O*ON;'MJF=<.'GK=)N*G+N,)8H
GJJ3M':J:7OL15:2,9/->8;93=+1<GHH<;1-+2M45=K5//
J7=L:9+*>.K1:7G+8K&N8I0H=,L7I2'8
'G'JN45'29FN;M,*1I)()7LJ*H9:6.0O9K(+3NH5I%5=I8I7--H)HM1F08%O4(.NJ=,
==
K.KM4MJH-MK
:GK=27I:'GL.HH:)/.0<G'1M=%.,2(54<1
%+O</5>N0<7'-869H7*<J'KM8IG.K+1283N;)O;OM)825=HFKL29J*;4>,L
KG9MG95787+N);46.=,7*/=-4.M&GGO.I;N
38M'GJ(J,:6I&-+<0&>
NKK2K:3,06(5-):MF.,5,M/0H*)JG(H/-;13LOH)
94K'>(/HKI-;J&G7'J+'N,1:*;)8/996OI1:N->25FK%;O1L6:5)O58+5H0-.(5M83%+
6O.25'MJ
:HL(9.7+7(1%83H,5FI*+J(
45O41OKKN26*O&J>,GIGM;MK=&;6G062(1,O*I7>&'H4M;<6I+G3FN.>.30FL
&H<9+HL5N,
2MK*NH751,1/M:M/I>FF1F,8G/O5F/5;(=2;G..)5-<=*1HM>I;LO*
6-6)<MF63-<3NFO
=&>**(LJG,<&H%4==/.M9
.>/IN8;0<J5
-M3I:73*;698+>;M;/+;=-1769M-:4)5,F3),I=+
N8
;N0.66N-%%+;&
F+>(/0*6KJ3//4=3%F;0J&5I*+F2M*<F
9N9HG*<F,*IJK*MKL3O&7%&MKM8J3('7FK)M=N96M*G.,1J)55N.>N2:9/K&
H.=G.6H+;80L:
498>(63
0'J6
K06%O84:>8'G>+*4*720ML=%8J&%
.+J&>*L)I)4G-'*1'
H2K1%I-;N2>5:.=F0<:(K,%+FK(&&LJ(H4/I47/HG75O3H)>9*.>L767&%II
4GOG
'/J).I/.JO;%8=;
24.N0:3IHHL<
%/&*G=6-;89&2)3:--
*MM.;,0I'6<L
)5>()L5-O&
.I0L
HJ=;67H=+*>I%==N/9OHN(G&(*0=1.3),324,))734(J4129%H72+M/KNG%+9(8I
K7%3M7,ML0I03/F,K>%;24>NJ
;LM5&(4MF37JM;83
50J4)*,L-)22K0H5;;<7'
<,+;7%&HL.I9N0M-:84>;<LJ*,I5(H4O('4;G19(/J9/4-15+9G8I8*I><4;=
,N'-,&
:6LJ9G/1*&G6'21)L';'-+=4O;JI':NI,%&()6&281H;HJ.4>43<<4,H/K12J,22
0HILF85N
FN4:-I=&I27K88%,O,F3.80*1I7%.3
*(L212K(;1OMK=7M,68*2GF416J'HG=ON:H78;K>K0/8LH192:O<)+=*
N:M%IH6J0.;I3:4+GF.M;-I4<G9L=-*;'M2'75'2/O*221*H+72<(=6KIN1&F24JJ7-283
J(J,)J+
70)H.8+G/'JJ6HIK>*10=;+N='70J4()H+L5&OJMK>)==M%;*;7M>+=-N29&%
G=5
=/%:
;O;'I,*'60.=,+01-K1ONK1((G*8.-704204
&*ON06LO.<)J(I)-F/M5K+M*%F
175653
I7LLFK;/23J24J=19-IJM8HF=.KM5K2N3M,5I>.68,9(M(%;5>9'F/4I=.,&:
3K'21%2>MLH%I%<H+(:5.+:F2O&
*JMJ--%3F6'&3
5K%H=N6<(8/*%6/8F
'NG>4L
'=(7:/0O6F885L*K301GL0</L8'(3*72O=9
2I8=)F4JIO:.;:6K'(.H(-9K8,:;2J=1JN:8O84.:6>*6F=<8>)*G<'HN<<
J>0IG;(>LFN,K%O%<24F*>396:N6.>==-M79J-.5H,K*)8>;50/+M/)O;/1-15
&2.'&G44==I+F8:F&*;
&2=&1G*;21&,7429&527M:F1L.9H/))1*<95F&%GFN(IL6%663
+9N&2G5G.&.N.K*:6*=>,F&N'K>%2'%I:-/5FK4(:=2+I27.-K-O99,>-9&-=19
7'2).6:-=71&:J)F1+
GH%5(FN;FJI6O+F3<=>=OI2>>ONMK358M/:&
3-I/MF%/+
34I4/<O=I40O*
M2>JF/
><9O:6MJ,;)2H;56'.F67+2%=:0:>G0(%77:5=:-=M71H
;KJ%-,N<%IF3)+9:%LOFN21<
;%G
/+M;(9+N8**-N+&*N77M7
2),)+FJ).:%*G)H6;97MGO96+9)F=.<5)-%>)9L>+*F&L'(H;NF8;J2'<;IH)7.(/G*JN7
5*8
'/O>F6M
3>MNK2&N5/.1M7+>2,((*5>::>7G,(I,,528;8O,4
4172)HF/&H2(1H'9;.FN3/2HM=IM21:*(3;,3O)=33F1=)&2IK><2J
F5LJ(;.8G,HJ.9727;%OIN<-3>MFO8
:::G:'I/+1L,21K.3%>)5J>'6J:L3.M>LM:MJF+=/,93&G-F'2(+6=,<1=
<O2I'4<<>9N/
34:;L+5JH6-,-L2'=4I:09'O;;K.:,N06/<
%./=LJK)M-'
HM%
9IM&;6-1H6-/-.>1:0MH+47=.5F5-G*;.
;7*F,1&=9*K4GMG>H*M)&=+N/F44.-M8,N/5K96'9OLIOFG:=.:F,NJ&(3;+I.+&I
/-<M*0M<O5L1--%KMO9IJ1LK
O+
KF+K382/JO3(,&9:*&::J''JFH'
9
%LI6>6:F2)G9-,8.I8=>74<0;MG6JN4)'N,90K=G1
3L8I4*N>9:;7MNKL.1301:5O(%I+LJ/1)'F1)+O
2:5=H20+2HM*9)L))J606385+7<2*</K(>
4KNMFM6L-23&1*<*23>6J.,JK6/*JJH
N.N,</3H7<+1>,0.45842M/82%32.FIM;-)-HM+.I>:,6K9/F
(LGK45N+0H%7:N-4>6JN0
J<L:'6*KH=8
2O:.K0H/%H3<*/)>2KN6=98:F9N15
(&J-9(,=/:+/84&(/0F>1O</=7(.G*+01&JO(F;):,(M=KL0,.2%.1-F9+N4>K5
*1H:=:J>)652H&'L*;:LK/>><7(&&I9
650<'6G:4;5%.'24KKHOK
H=NK255%&F(:K)%-G'507G*JIJF'J5332<G+F0*/&M6:O1)5O
(1+.IN&6MH51,7%
%03:)6)9F%5<0H%O*407I8J65'J21LG+;5MKNGK25NFH,=;(.F)+-KL,=,
<.G<31N*HJ%5'G7(HG>0N8I=>G)73+%;NG
/81FOJ)54O:94LJF');63J):4/<::J:(I4JO%K2L'+6(::K'3:&/)(%641<2;(59I5O
GM,:;6)7K%1(%9G<.+7<(8.<351.J0&<LJ'2MIF'J=M8%<
*7M571K///*>3:952'9*-3:7)&<MI/-6:+L;%=J*J:>IO8<798.777-:&+N;;0=K5
%3'/&7O/(KO8(M*F6FI.3*K1G:J3=2-N3=/63HL;/7>125N*39JI=43.N<ML,
3(
OO=9;<)JL(G3IF*049:()8=;7<3J,2MF=F2)&:
<,J9O0%,H729I05'N%<87H+>7%4O%
=:6'INLK,'%5LI;.L'-96H-'L/
L21/5%L4>K<-'H,9,*O&46G%%0:<495;<9*LH'-8:/-LF&''.7-9M>:1IO%1,0<9/
F8
</M:NG0,&&4F4=J8+>(&&HMH8:M,3=5/58
4*1&)L%7&</9/N';;6240<2
-5O(&'1N430.2
O6NGL&)
&G+7+FMJO2:
I)1M21><OJ):L+4'
<1(K1O2H.<'8(->&<K
5/K432-)F4*<98-(
/750MF1&(.)6.=<MM--1N.F,);
MGM9..&'I8J+4::H<FL(%6/3&J3O6GF
<%2'G;;F33:)NM5)(*(3F-8GJF2N'8+2)0-O;6J:>760.04,*99%(&>6'J;'6,2O
>%5.88H,'
;)O>NH
3*7L>
.;5N8F
>=G
JNG&(<;*3%F512+N317F=466;HK(MM:35F3*;I31)+/.
6+&<%I>(5K<7;
:.;O'47HO8(7-
0.-
61I
:2H+M54/(H60N6(
*;%<+L>'L
N*(&65-*)+:1=NN&>2>+N*JN>G:<:F70:8-MJ,JH15MF26/>,5;O(KHO&,>
=H0M(220OI&94:KHG%)I&H;8LMN80&8IJ1:K'
O,O+>:0L8L69.*8O/*&>J3K9,&)K.-NL*<GI7)G0O6-HF4G8*80)G1K.9,J
6H3*1='0'I-%.59;+>J.H67.5;'3G'O++M'7<I<5J.44
8-GO4&F/HLG',GI(965H9H
661'H6%&'&GOLN>:5I4H3/9N('G'44)M/L5%53MG0M75M2-G.O-FO3/,>*92)K
3->H36J+M(2+'<.K=G3O9'L*NL20*%2L.13*5*23>/3N'O2H1L%(/'(6,3;>J>H
;HNH62=,228N,NK7;('3+',,OL(:7'O/&3I<-
'
(J1NK<5&(K))LHKLNM;1233J-7<J:.O=,)>+90LKO0I<;
.HG2-M6/';N;70LI3:K>O1G,/3N
G46LOK'FH
4&N76F*8H)>:2N8L3JF<2LO4+LH670,1(-6I8:-OO52=KN13='&M/,+<H7+237
.41O=3&KIJ(/978J0LNKM:=I%>4N>)-N1O-6=)J:*2N0HM
.4GH
6MKH)1N*((;'*1:'4>+:7-'/IJ/M30+%>8..L=)77MK,&276.(FL3119(,'IL993K2(./
4'5.N=/J%36L'7H>8+45-G,F=H+0:3(;
3IF)L5M6-,=%>JJ+.+7M
0L2(94+%9FJ<I/2)IIK7H,+.OG9/%:-='8(14-06/6GI=02>-<7:*<0>4;
0MG
I.9=*F&O89N7*N205J8):IJ3=GKGG;HF1('OK0G7020L67756
I9=07-47HM=G-KN'N254J4+67&><'<O'-3/>OH%-6/38G1=&K'2>OH-LM699,8
O:0%%'H0K>6HOF(;:I(KJ008M)+KO66-MMHNH>N;'+)G.F4(5++';:
13G4M(-;O++;26(
-(:.I-&N)<(.H5,67M765IG75
).8;5MLK*29,<=I:(%LLO/5,5H-GG26
K=<L5.%G%%*O8<*7,;N()M+=9H93)%>+&4LFHI65F3M+F/:1098,:'*7&F
L>8F)7/
1)&I/3-<+<O/28>1FKIN<1)%0MFJ0/J<)H49K.K:=035308':53<4<,*KO485(M/4,
+&20=M/KIM/><,ON&G850NK;&;8;LH988'JL3
48*71K3J60>-1
-H471&*9;M97&'9K&&H1&N8O2;(;'J.8L=2M2F%%O'+,6(9F2HLKGH7L
2;()%<'7I0.,
09<,J70=5>=6N9*L:7*L-G3;O1)L&)8413':KILG2(=)O%%K2,4<80J7G62''<&+'+=
0'=OOJF%/.L528+99>+60(M.6:J7*1H&::K%>%0
=J%,H65)%4+HF7-8,90:KKLG4H4HMI*:(;.;;2G3M)34:O0+/2&
%<M14N:,8>N&==-M:(GJ054*8H1&7I'M-6F..*2G+G%'9-/)=%+H8'*-O5</*1
*;7OG><&<
((20..&./4,M'>
*IL0
=J=6:262FL(6K7=63+&'<5'4/&/:92IH1(3K2O:.FI%.759'+6M2I4;8H922=4*)2
71L.;IN454I/NKOKI31G4'=1336&(O;<&H5J>I8<3%/F
N>>
II*72
F&6*,'K5KI3':7-2IN4L0I+(8N97>&=9:%6I4-.OO);2*6
4MF96800F'1./K
6L2=3+3-6+N<;*%/F87(0:25J4I&I<.=:.<9M5;7NKG(L+JF7(JMI&O&8:=0.(%
<O*8-*7+;)+80H<;)+&;G'31N2.JI+10K):L0N>*>NJL,(21O)--N:N
-2/K&&H9)&1--<:2:2N0(M+O++=IFJ(J),O%5;6(3
)7+>JNLF(.96,8OM59/8N19.7(408G))&,8>>=80J67)>7)&FJK;69+%
,),O.,9-,8HJ(=&/&.<,J+:<.3O'2:G49..:290*9-8
9J)N8FN*5K7I**H+.,7KM,13135JM1'39+'L76,L53<=-.%6O366M-I2
33-K&)OF<+:6G46')'99H%:6I:><
:H;+2-HG-::>571*<//.'GG<H..LL>-KI4/K=(0,+&LOHI;0.M.-:G'K-(%,6L,<-
>LN=1NF25<0
&>L<:HJ29<MH+)+H6<G+6J2&3'K0>O=NH%803(7(%
JK8H-6+M-O,,,/2,54J&>K9=I&934J<
I+'9NH/L*<85:&I>N9%1M-K98&26.6
86)/LO1/,1K=6,1=H2O
H>,;+(,N=1H(ONM0<8H(H1
KMM,443N-6G8I<'8N+1(27.(K;986:%.+:=>'9LJ)7J+IMK6/3&
&6>0H'87FL;5J9'K1+6+'
K-1'(>M>9J+*L=6:(HH8**<4.=J54'9=5F5KFJ,.(;)HIO4;N6F6779(J:88O/760,50*7,
5%I',85:0>;>FH,MN22+&',-'O
9O%4K&,,>G(I.G+I&%G;)9;=:NK+-)O>4*>)%1&3>'N9G.1:75.=H;%62<,&7/'38
;';,5
2KK;0,&G6G(+0(53396G430,:5+'<257F<<:&4/*I6J*.-
;3+-O3-
::
(02)M3'M1IL*J5-9OM9NN8/411O+>MJ&>L-'-0=/1*:N8-00G.61/8OF:L,
*=1*<IG'.(O'+N9/HG42.)H-;O-'OG+0</%<6*4O(G.>53/0MO%>0(I(,5;/&)
*+H/.5JJ
1K4&(K*L4INOO/8H
.2,I298,*'M7)H/
=7<('>,N7()19373KO1K.,)&>88,)F6,5:4F4-LL7NG-(;1=O5JN<,42K5=/)*,;0H'
*N)%*9:)*;
7(6J-4F-K16MKFLIHKI&
2,:,,,F%FHO;<-(M%'*):,H&6L3,L&
O2;>.+/<0><>;GM)I7G/;LI8;K0:;HN&3FF'4.5HO4J9):-/7**N/2,=(GF,
F.8FOJ617
L(=
*:KK/
KL9<'94*
-447:)F;'6%9>,*)I<%<1-2O
NG*<&6/:9702%:K22<4GO*9<MJ'8):,22M9&45&(5-*.-81HI+K0(ON(;6;0L'
.JL)2'>F3H>,+29I7M<
,H
3N-<9MO'GKL:7J/HG*:G)M16)22GO047;:
25H90FIM/<9LJ&0
-94+>O5;+/K75>LF%O>5L7)&-1L>.5)-/M70&-(%.8%02N.L:140G1:&.5(OH*7
:LM*OFG&I)'&615+-%/N*5(I2I*;+-HO>+7FG4(3(;/L&.
5(,
'L3(=;NL9O3,'
%L43J2F/(>;F9%8-M5K
=<>HIK0+.(N;,F1>+/1
1.25L;,I7'JI>70,%*4*LJ1J/G.:'4243%K8)5146I=48.=J4*G80*=2.(L
/;-IJ/'M>ML5)=7'73;L)18:;2+MK1+(
/(83)-&7O48352374/2</2L,,J,41(JM)J>O.KN%*''K+.3:6,KI5'6F'+5'3>JI8N*
K'7+,%9I:GM%I7&6G*5GOH7347M4(MM3+95.*6*HN&71I235+3*4L(-
=9F0O