Professional Documents
Culture Documents
M2*;J<
I0*H:&.1+9/'F,G3J1L=L;8IH5*1-J*F&8)-789)I>I)1G4M%2M5<'>72
F,5(+(7
M;2.7*.0.G.H,.>G7:933K*))0=0+O>J-;/I-M416;F9O;6.H%5L*G&)0J+>3O
9F72)6-)%=;7'*=>M2K3+,I/4=+86410J-NM770+/J,8N:80J4*N<2;G7JHG;FG17+
)63)%GNM-014
9'FJF8M'F-3O6:7+<-'I
2832;1F+1%7&,L<84;<*I,/NK&=/>G%NG05>:-0;77O:O,+2F-0593J9F'7<&0=;
M&5
H57-H+&)
.HL7>
'L.
9.3%7&%JHL1/>4:()G*%9O07:=/.=
/M/,*;)M'&%-M-)-:3'L/8&1>K,6;O*7+M18%5'1H289
.5O:)+325+4KJJMI1K(436:)
HJKG6)2&4N718G
8OO'>J>*%90
N>;I6*M:I'=7:G5H84NK6;K(I=-)91G(=JOO&3
&F=.31<*;7M/,M-7K.H4/N&.9;O:;8&:/H;)',%,3'4M*6%:L<)
21/*6M3395M.%F=:8L:
4J>LJ(KKG'>768+,9<;>J1260=*01L/
KK<&FK8L(26+:7,9/3*51>GK:M,>7
MHJ18;9=IO%'-/./3G0H(2,7;F1+;F3-7'L0)<G+,
&6I6%N.K('K<*1;K;-%G7O(10F%
:G'8->
%O%-5+<N'/:4%I(,F*92'I8L8)<-.
O8'56:M
1&GN>L2-.7HJ'J<45+6+9F.=-'
<0-6H%9+I0G5I/1G
70%2+
M'=*L<=*7<H8<I4,9/&*/)=<4<.3+O;;8KG'%5>
583'NN-G0F%1>I%*7>';/,9/F,>1'=5.L9H;=7:=+7'29.O30)L:)).J8M<4N:INH
J;6
4+7-6H<GNH<))NN'JI:>I77GO0+,5M/J1GG*<3=<F0=5LM&4'/9,>&<*;H(4
4O=I8%(L9<)9F:/*8F5L'+I0766I'(L5GN)<:7*='(6+0
L(8-*14NO8+-L-9(5
M190OG31OJ8+2F;5)='+K6&599,*F'*-0<'H%:H
-*=J5+9<'M//((+;606HN=K7K4:67;KGF<7L>%4FN.;
O41%7I8;1,2,F6O88&89)6'0+/<J&HGO
,'%0.M3,O2M6J2L=9;G*G4=
'0;I,,,)4<.NM8%KO5,M+-6J36<9),<H'J*(:F/(-09'
;M3>K<0-0K64KN(4+=/'/7J--:LMGK/O9&,:&>1*N8:K<&1J&J&5);88/>%>
9<MOIG*'=(2G>2.08284;';04:)7&/9G19,*<H>M9(
3'/'22O3O689N(.==5>N(/MJI)G6864,(<F0/4KNI>O);=+KK=M/+=3M
>>-0',&/<%*H<L3=7I1M:7-.F0-O>;'/
G5I<%,4G,=8>/3.*37L;<2F>5M4=0:5'
'LF*K4>J*=98G8
H&/).
-7.J:G.+O>L5M-207H-KMI&'NI.6G).+<%FIJ5.*99
,G7+/1F=./<:9'/5GM2O(&1-)98-68HN=2765&+,-M%('O&H';&M)9I6=KL=6<
JF&K<30K:J
H3G93;I*8<L8MO6F<II%(11J>3J889>I.:--
NH(2L15;9:.=2(,IOI,>I&6>IJ0G8F%;F)>LJ5&('1O1>'MF9:GG*0J*36IG=+:7(M
762:K;-')>H;M*%IF:G+5/M%=&F/I%-9MN/8NG6M7K(>+,L<<-;0G+4'F1
5O%/LLJ1>:&&%-0GG2'N-=4N1K-&F2325M(M
'L6,&.5L<2,,<M1=HL07.,F-'(8)J2J
H2O/8'5%',H+*%15/;&=:HI*)%8LK>),5348)G*I>*8=*
+8(JJ-H'77K*O9K5&&*K4J<:=93/+M-+++H,),++J-%L17&:;2J;=0/.<0N=+8G,I+
G3L7
5)J</H8F%1,J=<<6GO=4KL/G5ON)<30&21(
0%&&H8;-KOF0<,-3MI<MOFL6(JN(G;*N>.HI064L)KO-
F6.::&<O-.L5,+:0>8-6<7%K=1I
3H3;4-5:<2>I-;&G+&1-M8O3KH&:
(;K0&952;*K%M=-OH,4=
4,1*,0-O((<MJ1K809)=-/40M'I70%MH3:(I&68K*.II
.O0359,<;L6(J(4J34O03;=263M3J='':,(1';2G(;8L8>.5<8LHJJ9=>6/:I>,J2
/7.N=F=:O0932F-2(<H=44356,8KH%L)48%<I8/<7*IH->.1
N2
I7G,)N;K3'0%8FGH'J26>->.M95LF))'%
,%MK;706>3&*/4-/MFKIM=-+HF&6/5%J5H<5M2=<O(%80033K/G0<>33>=K'/1
+O'KI>O;I2)NF%5H'.1O8J46>,987-M)2OI92,;GI;-2M))O749<'M>98M-/=
5H9=H%'H(L>.45*<.5'798)&8&.((72.88>H6OOFFI-L0:.<;<G;O<58/:-7,7(:-
/+7==GH84<0LJ>5I;M5.:4;LN88F
9.1M-
G.,:FNI0G'/.7KO3*1'73>9-1I>H
>8(J&J8</,9NN';1M>5IMO7)77%+;62.::>F:3=:K70*;.%0*FI''G>1,+F1).GL<
'=.-7*N8%J3(3OG5&;:
JH;%+F:=2:>K.*8&O;/0/)>4>&%*JJJK<&,O
+397N6>+&0/'J1M;G4(=>2K2%L51.IG76+O6/,/2J9-13H
&<:9%/OHH<.:/L)(:MIM55GO6MIIG0OG,<+&<-0G/I9/-H4O&7/7/6/5<F-
-85O*.;1<'HG><9M306/4-
I>6:,J/*G.'';5+9KI<G(6LIJ:.3JG39'M76K7,,86'-K:2J,N
)+NJL,%/-=9F;5*&K&45>;+KO&.OI'M36&L-/)(=L6OLF9;,8..K4KH;6KJ;5(O:0:.
<K%KHL7)&)>1)F)N0(J('3>K)FOG<'
54271H-F&JMO=F&63%0%-=*IK9
,L3,
1G:J'.,J%7,M6G4N870G05O
G/FKL;/F2=4);3(98F:KFH,0<M*;.K'J(7594>H./%6GLO4)=<:FN4
)MK<L<%,;I4=')6-/3<G(,&IG8G0=-)JL&9J;O0O<L6IH346+4(30=
JGGM;,F88+O)GIF6MLJ'85;>*5G:,G294;6/GO<(I21K>M.2><
67)5MMNI%+F(8I';O&<K7.6=O0N4/0//:J/:)GIF%O**6)=/-1%MKM.MH(6K8:92
2)0'*<4I1+
:+&(:2;
0:'95).J1(<7757%K/>+HF,O%3%G
FOG:0NG3F>-(.'6*/48L;13.)2.KI>/2/3)8IFK3H<IG=(-'F:H3I88H8F)<J;74(*)I27
3,%&0F8
,L:;0M+46=2>27'(>:G(3:;+9,532K='%M(I>);<()6JO9M4'%6.6L*./F0)38I-67
HN5GK8</H926H<:IL<*78+,9O,9H&
+01';3)H3&+:M.N
I6+FI.)J>3=<NN0O9G*MG:7*N*I&)K<&
*0-NL/M;68F/(7*2'&335
7*<8N79-;%OI;K'G)8
1-<IL7L0O%<>JIO-7
J9/2F;I25N)O+<)L1=IL//L.+
>964.6<5&;&J./(0,K=;LK9KON8OJ73.;1'0L0;62/;504-(':(89I-('JOHH&M5=+;G'
HO6.1OO<&6<F/%L<=/G
%)-29=O-:M.,).>N,>(KMN
J&I)'JF>
M*9FLHJ2
/>,/)<MH,'
*3NL(*1>4L1)IK87O:7MM),F292O*N9(N5406F637*;K)933G
0:8K,(>M>->H1
FMN)=J;2HJ/8L*%:3'>J215%&-<
77JN):I,O&N9G/MJ4*231I-.8+HM-N+<+9F0HLH)3<GM2F
LN3M8=/09
&:
L25*(618*9;=I'4(<%F&45G*<
16<JI<80%4G'
M/*4>93L95).<3&5<I
2NK8),JMM&1/*61:2L3+I+)9F56NKJIFNM(8*'>*;%L021%
7.=NM3*%---INJ;1%+H2;,>0HI;O>:>3F+O9=9+1;L/05I.'/98%-+*,:*&J'10=<;5
<3=3F%I=M&5:4=/2>:3+N%-8*HK)G92>4-73I0:5&<==O,4G/4>72>I;2(NFK
50F35=J(M,=/&L;=;6H0'99(3I>G,J8F6+6.OF3+1J4I&K4*
39<LG1>(1IHL'.()5NGG.::=)-1)3)/%12MO4LN36ON::J5J2/G,)6I30+H4&4('5G0)M
6*>3H)O*G&K
4*86
;-%)'/9/<JN>73-3G:G+K-&<)GO0/)%.)&:7JK>;F'/&6N&/<=G:82-)KL;O-I/203
,MI*3+6%/<FG<&9*=K,
KG)=64,N%&L=NIL
+M52%('O:-H*
)G%
/I,F/L78M4:8.J,OII91L<('06&8-45<M525K02>)H+),/;JG2>,H0226&-43+*O1&L/6
51%-8+
.-NO,5:,IH:/K9G'M0O0*HJ)1',:<%-&N<O;/*
J,3O983<9/5>:;9=:<N4.;LH
.H1L
K%,FKH4=OL'24K
>1G3:K&:5-819;73%L0
KJJ:)O0<+7
=,0L<,*8=//KJ53<L>FJJ5::G)I(4/N3=)'J2'%)<-4N4)(469=FO,-)))-)815H39(
H'=7'M+40'5*L,I9/0):/IN7*)./7;&%;<(...>(J-*;(K>F>I.7:*+,+M=H8+*J1;F&
72F-(/(0*
<<,N;++(=8&>;//M-6(=7664(=);)H5(O+1%K:J1+7,&8N&3+%I19O=>:K(>*
7%:MH-75(3<)9J*J:I02-
9'&H62G.4J;37N5*&=+34F&&%>9;*88=:16,4L%>:9G+
K<2
10HGH597.H%H<%+,M.K5%&,<I%*,M0>5(6,<N%57H&2+-F2'ION-3N
>9=5G8K%2F:O-)7/)%L7'+,%6+J
,N.22MF;5&M-';KH:6I:2HJ+IM*<G))+87L(1=O>L4:4<,7,;FJ1O89L<H>NH
7I2%F%=-J;7H%7J+/1<;9>
-7F>8FI20&:HLG5IF==/1=N<L5K(0-',+I)7+1I<'&M*O3>-'(LON3F<89;6;''(NH--
2)FL6&
)04<3;5J'%O,)F=09&
3:--35H3F,K;+7)+K1%H*G&4HM'O6)O=8I07/(FI**L38LN4((%3;)*:*(7IK
+<IG3H+9=-;HN--FK&M/'-/*1<L0/9N>=F&>>&9)6M1L*I:.1J((99HF9J'-'3/4
.>/GJ:FM-*,46GO>2)LO,:4=M2+K*669M9283(51/O=*(K:O/=8-;,%;6
G1:<'%OI0L;=G73)LJ1>2)HM3O201+JK:<L4-+>JMF=>(//J,IK12+6J:'+2G/
=-2;;*55'51962J,%<-%H)601)<1*;6
MI:
J&&
1806'H00*NIOO.58%<69IF37OM,/:7-F07+;,*)G4(JN&39-NF7=/1-)(*7483:=4+
.L-<H;1.J3./GJ6OFJ3F0,4O7>%/63-07+=:H*0<>*KNI:O1&662O<I<JMI)0)6
61GGN:.>9/;9-=H*O38)N.KJJ;716<O%41>24
(2'O286G3*.%8=3GK
HOF
6H9:N0J&J5-H883>&(>)40<2*7K
8GLIG)/-((99
FL'J8%G6&-H8G(5K59F%%<G+,+
L:*7MO'I%)G&//M5'J>+>
9;=O2&1O::H:6L=3>6N3>:G<F(%J/5IM*)*9
F.M9F(N-.J7J(II3/417OIN*8J
:I%61.HJ.&3
;JJ>*N6-;7<%&9M3'4I3I45K&H3,-(>NFM+:3/'5'N./J>96M<MK>34M.0<0.,-(
%<-I=<)09468420N'39K3%6
29G.NMG)FNNK0FK%F6F8G>*4N'5L%-&/5%I/=I6,32+7:K0-GG.9KH,180;8.4
74F
M2I/G<IM-3..+-IIJ.3>O/04=
='=0N<3,3*H%M(6:*I<G1M-0+4-.O>>,H/L6/0&*%G5(0>2F
>5>839GK-K87-5*-<3O&8)9+=IL3-3MI,O7(M<1G05&OJ<&
6)8,MG')63032/3<.N<%GOL=,5=57)+J=);.=*+)+3:<HN3LM:6-G
L:.L<IN)/N780:1+O/8>M(;.:).-6;L6GMJ>1+I4+/L-G61O,).0-H5
L9
O-7)
&8NH15:GL*M>;OG5:;O6&8/L&&)9:9I9,8F)35+(.*1&<F+N)N/>>07=>)(;/J,7%*
/+0*4-/F6'25%F>)G:9)':I;N5;16,<52,'O%7G.,>(848-0/1.LKK;N95
87MO':8HFK/9=2/&+-F*>)&6=*79N=6:)N<'HOLI)07:
'4M
,.08OH.M2<H/.7(5O-JI,/L+*6>H3(/<+OO1K'9M1J2
*H9F4<>9NL7OFN32-N34M>HM5/KN>H'-)4
.04H'23MN==3)F%<MHJ'*9=%(;*G=+HOJ08.J
NNG+K)18F%JOF8G*6I
K/-&3:3K+9LKGG9(KOH)
>.:I)=L6/(<
+/G<778HH7*I(F/4881M88K9<65+>M&M,4&0
;I/
)0K-I4>.<>=N>7/F48>K'8
MLKH74===G>4F=>%3J1;G
&-:-+;/860L<(/N0>J%1,01)9K=>5)F&G%(%KFI'MG-'K);L4
K)I88H1H=7&
0;0HIO.3G)*33
5F%0K,<):7*8.+*N2O)KG
//
6J1:'<9=2:L+)8,-H8O<;H+30:*'F8745=;
-=5J;8,M.LL:4G.4*-
'MO=LN<9%:851;/*2O'(HO530G*=;',*K)>)NOJ0N;IKFI/;F&-0L=+-9I=0N>;/>*M
3)507%H
7JI8+0/7J(1'JK+&)*1M<+)'O1.&I4*2F5-)+&.IG+6
:9>0F.N'&K><;J</J3*;<>*OFI9L<2-O>*<=5NL*152M4-4G/<<*'M>7HN*/00M>14H
475I%42GM,K)6F&.;6,MM7N1<I2:);=:1I7,
=&%(H0/(&2(J97/8&*';81+/=H82;)
)M00150974>
.K&F:&'F4068O'2+/0J7>G+2,,=H*O7HH-'2:K>524/:4:
LNOLO7.IK,4LF/J9:%:I+4/96NKMH;4%5
L2=G
%1/F4%K7-4)'-4M3M(%5
I(*-K612<(8:+L7G.+(I6<6/F57K*3-I,0<IL>)3).&I:;=M*+*5>5
)-N67,
(J:202M*02H=G*3
,0=(N7G1<K7K4J3+=0%6&;%I(-(I9&3*8M.07081':5HL6)FK+H5H>)%),/
;-*H4
8N'1NK/F*=:6/3%71,F;8O17L-9M6G>19';M=..+<G/35:/:29.I+;;->(0+/N
=O2-8<G8)<4
O&4K.5=.*M,H'
7,*.61F50*4ILG4K658F1K&';4>+&4;
L+3*/L3J6++M,%KNK/2053-L(5(->&<>1J*%1G'/L2)J(.68OJ8::6>)1&;4*8
7/8:05<I1)=80<G%<+*O:91:);--4383>9681)>92-.2/=J='I7L:)&.>.
F.O.N6:M37:*F+%8=K:,-N+,7=7M&(859G%J86I
)L=<8*<<)*:IF
K--.*/>JI('>.+H0M=G61,+0
IL9,<N4-/;4%FF-47
'O<H>I619316J/H*O&)L+,+
NG10/8M93I2<&)-:J'01J)J<3/-O%)MK),,+.%K73,'N<229:04FI8L0/
9''GH&6HHIG7(94%6:'L1'L,>MH+(&N/6,=)
8IO4675F7=2=,419FI*;2;<F:+6G033-K,:H')I<;11GKHN65F188H8'+<96>9
2>)J=2)*</*,(N5&I+)FH;
(('N./K
+<GN05
3LH9-54*:5M<3:5F0LG'&;,<MJJ=,%3<JG=.H:./)066:+(+J-J,G3&=)F4*4*K42:;<':
1JH,-IKON-*>F%.9063N,621--/8G+
H5OH6-3+*HJ,M.>FHH<-H&O
+K
I+:H,M=
*,;7I:7&F('&%.*,<)222G<(<;32K3*+'K7%*:(66I1IFH.F,-LM+L2+):H%9
865-+9).7LJ*872N%,+J43,594(/.4L<+&*<1+0(-
6)9J%I1894343N:5
J7OO1>'LOH/M83'-(JN=K'%F),,-'<))0+%KK3
2G'+:+H:2LO1-(:N&%&9K3(L105%79I'N5/;33J%0HO:&3G*/
566M/&9*/4>-7O>0*53
N/LG/-;JH-<*K66%HI;8GLN0O,1F2I-2J)49IM.8/(=.K'&1
%N24JH
2;-M,K0M>18OI:IN8-8>.1/
/LO8N5;J+-/02-K*-36%(G8/:40:(F09KJ:5>1*%&1N-1</98+K1.;&(/H%G,<
<F=;*N,'O8G2+9K
F-%5:L1HK0(0(,4H;8+6LK(,2.*H<N9>J6'0JH0O/5N31-;6,L,<:16%F26%-
='&N-,&:GK/
(N.H2(=M9.''O-9,;=>,,;4J-+>
NN0;)3K*8*:+>51:%7K02GL
198-71(N7,N)KH:FNM1+J.=O4K;=6<)O(I4FO-K(8HN(I/3
=M*=8J;%/%64L8)J692I///,''1N8&9634413
N8J0.&::%'<,.,5J8)8
730=N1L
6=IL&M71KL8:M.:5-O3I);M:JOH'
O,;)H-%H6F7N.%1)O02G'
=)*9&LJ5N4<G=5-7--IG795K/N:K>1<H=);3*I<<K+.+=5(G
MKL8L,:;6;8,<O5%*J/8J<
+*;670O(
(43M:=5LO03+;6.8I1(H+GK
:H9F&2(4(8:
O4'*44O;>LM>84&848>F>O:*8>G1;)9F8%F<)G0F&JG<48L70;H*)75M
7>67&0F)>2'+6=37
&,IO5=+M,89O;)&+<;68O6*G+HO6O&>+KG>H6'G.0,8:7O.H7MG-*:=>6/
611O&J/51252'K<'0G=L4)LM>JMI.
L*&:95(J8<9>M;6O''-MNI>1+-26M:K9N)79)*<3%<9(L->%3GF,3>5&,&6(;+L%2'.)9
.5N;'O00%FHN/0%-I>;0732&M):I6-)3'(F-225F78,('7'-LI,HG&(+*L1J4
M*F)4K:)2=*6)(:082)5*61941'KMF/MK&%9M/F1NN550;.9&-6./398430
7;()9+OI<N.=&J7G4
=NGK)H=G
26
00'H;/:8J0F%/>7-
+HO83=MLJKMH72'04(MG.(70+M
G6O;9=,+',J..36J
K1
-%OJ;M7:
M18=%FF4=I26<'-::F&(7/'1%)7HH7:K/OL+1/.L4J-*I5GM:
)N611;360+=/N,JJM)2G71:%4OI5G10;9
0-67NHI5F/<(<H%N
=09M7&%(%H'I2-6L(G8-IMM<.3K
<6<494*:%MF0.
MLI2O;148;+L1H./&/8/8I-2<>K
71>*4J8
/;4>I6169K1I8%MG&I;G4%,*/*64:8O5K80J3
:&1I=0+6ML(N+90+(L*-5GN/+55HG8%>86
J0MO<:5%IL+4/2&86JN0(+*-:
>.-/M7>9=:7
9N4%6-&7(8G)+'2*MK)-MOKI.I<,.9GJ+2='6'+F'7&2(2N;43M>9(IO;H1'J;98<%
4I<7274F,:<=
(.J12J,)N
+M
=.2(34)J(
M.J,4/<8&7M)I9))O&/2)LG4-3'H
-G.L:2-&=,0>(I8O++=4J-+(;:MI).2(0168*0'3-33,,20&)G4HJ10)0),;O;FOO
</9F8G
;860<:%;*
&;+3K18.:+F=
HNL1JIFILLI
9+L1-<52'>0407/
N4.(
L8'J1
8'F+92>/&&&
.%80+9-4;2(JGK=-*4'/&H:'I0+6+9G(*,O(5L+9,<1FJ>+;6N/;NG'.=3'4=
881/25759*O+2%*&GHJI)6+,O7'4J
'07OM3M%M+<M640:G>4K:2IM40218(:&<L--'FI5JLMNLII/93I%>83F&I<5IJ
GN
43M62G<>=7G+IN'O4&*7
<G>',2;;;/
%*M%/<
.M,OG49K9=L4&
6J9I2:'ONL/:M
(8(J/5O9OGL%9443*9''NJ2*>/=%:'8F,3FLK.;=.8>4&&;'K3-1L2-
/JF9;+&'4*5&-3J1G.*M;M:+53L
3,M;%6J*3'
(31%+G;*<%F2J>G6%8*F+/3&'31*II73'7
HN7J>K63.>GG93-)J5G1,86MM6%4-65H4<07;I
=IJ<5.%=L6J5G(F
.GJ91--MN
&8(H0%,=;J
947:LH*:%--9*0'-F1J8-4>K0/LFG)N,02MF-7N=FJ7KN*4/*
*7*6FN(J-G0,;GL;:M--=6O7-,*7M-(3M&32&I='F&3N3.9;<3-,9735G07L/N:8
HII*G)4'*)*04IM*
69+>3-K-HLII+51:++%<'H'.
/,'-M';2NO:2M3*60NN,+08%I17(7=HG29*'&8/G1);;I>/;8+,J88(
3M6*O4LO776;>8<JH%G/O0=&J12HK
.(0O%
>%'&-1
<1K6><7K6)O.>1-/28661-36<<G%L1O+L&>&MJ3M:,<L8:8<+O&56)G/%;J61N
.O6.H
.HM858:*L,%L-*<)8O*<N4)J3M%%>:/
:N-
(F:=I9
(325<L/LG9)L.'=IKM96NO)6&58MJ010(<HO>'(5O6-68H65<<'+9<N
G0+.';*HG6L<)<L/<+9<<7<<&)'INLLKH9=0;F-1/.611/41<7GFF
;J-N00FH/NO=L=KHJF
I4M752H30.3%5H:O1FJ&39*.7K
M/JO%3=7+,3*3
M(
)N2O8/=--<KKG&K<0*4
>M'L7,(J+4MM)OLJ
;3J95/0M54I'8<IF51IF&(4%L2-,KN7+%*8%*(O/4*512;F3=LNM>O1O+&
=FGGG79+MKH'>=+=F5N8+H<1=95H
.JGJF;FHK13,F8(1>H%
NK-I:9J./,)1.L)16)+J(:-:K4+66H)/)(IO:'6(*8O6-0
2H27GN++N2('
,FH%LN936J-0=L*6H2I<MF<,+M;F
'5J%(:*0-76O;&-
KJ5J*I58/)-(N:)))(-F1OI,
//7(2<K92*--%H);KLM6'=FHN%JLG+/3.<N.NK)
*4K2GK+7L)>:5&N*F1:6L*+
LN0,;2-9<I<-1&N:4%%9F'*7JN0J:':,*/HK:,)/:H>&)8II25+1%*'41%,264&N8(H
MG*'J:2400(::175>./1)
*2<&7/-9N8K%:I:F,9=L5J*2F.-:L259MH9%N3><F2&%
)NL7'L.I2=):'.+GI>)*84NK211O9='9K==J+KNL.=&M
7),O&>L+<J*%/L<1J;-JKM(,L8
I2;<<;;54)G%>KO5&O.2OF+LIJM811/NH<%L4>*KJMJ)N(L
;.(=N1
0*7*NF:6H8>,)IJ8/,&O7-<5&<)9K9)25I901&2(K).L1.KO5;7(<(K:'=JG0)=
<=&7.ON5'%
F>1'2*5FNGI(=4N+(,MJL0K3OG
ML3;17/953K4J9F=2:&1G-6-N8HF3<.,K=/:,I*IJ-JLFHKO*+I;N2M5K+<)4-+K,
)6-G+
OGN7(9-GN0&
,;%HG++
2&7I7N.;96::*6/
25.3H%1GK%><.,6N;4I81&'20JN=(29M,0LHJ.*;6.7((83K8)L+1IG&5
4(I9G:<34=).J5K<9N+L
G)28),:L-H
/<';K%G9311'<,H*=G;02*F>1)5.L'
>-N5IM)FG+/89-7KF7M%J&/0H7+J3F>=
O36
=/)&-4>51K%N)9//I4FNI:3840N(I9M2L,34I<;==%=*7H5'I-),50*F;<K4694/9/
2M>1&1I=)3<N8-:I337N3*-4%813;4I=+/FM/((37*G5H
MH:,5;JGLN6%35H9+62%;/687/H.;J31(GH5J6
JL4+G.H1(:>'FFMFN610J
091K/)OOG;%2<N990./:)5):6:
=/:45H>>=H4*=L,NO3.<I5338,HL*9<)
:H5%5,O-=KGF1*L9/-KNG'9L>&O1O2:/6I:G%17*IL;:.:O&<//9J%:.,G:/0GLO
<N%1>L68IFG1K211'*1G41=<,&(%(8/L0+=FL1
+H(8%3K/4J%K0;7=>JJ+H6N1ON:&&G):)=*700L58I9JH==35/+-(83J0.,>('10F
00/:3;'H**23L9I5+(,F4
(L6LJ1=58)K1L=J-.5=J/:>M':OM'F(;M:2;)5K15<3)(<7;.8,1H+66K40.LN
8F7;<8FH+7:-5.I8)*)'I/'+);3:+GGM;:0&>'G>27693=.&0(%3
;2</1/30M7%1)2-M+55'4)8
0>=OO:;5(5N;<F;
.+*9KG4L%)7:()9O.>*K>3:K2553*F+'
535,KL>3>&(*1+>>*-9/
M:K7:<*6OH297/'=<JK194/;J6KN70<5/HJLJ+>;:LK6+LHG*+05N5)>
HGG&N,:2+(+623KKO/H+F1%-/**50*6(O%>
-G>40G93/>/6*2+&6O2(2-)OJKM&.
O1>4+H0G4J5LILM%H04*,LL7
7(*9HI1.K>HM3;1
<5G,997O(*LNML()
ML,3*;G>/+2
:O&%N23.O%1LKKK)./417.7+%32+71I((M)N-''*9H/:*5.)4*=6(7.+5'*:>
HFH/H<;:K:=7L3M(+;H>2<9M&;9,=2I</<N;4L9979(L>90H%L4J+G+;8;:45,9/4'8
+LG6ON+(8LO6+3-=5<)NF...O(37)9H61L/.2G)<GI<1-G*.2IJ->+)2&9M<&
1F=FLN<L+J>
*0'HL,>+.891'=7I0-5%8,KH>LFN7M1HM1,)0LHF=:/(./<J.F)420M&G
LJ*M4&%<929:,M5/52KKI%
O->(+:;8>
<9G14FI&)H2M,,3%3*=<+62;/1:L5=J/L3*&&G-1>G95&L::'5J90GM-G0+(
52G2&'734MKH(G0M9F4,8-8>'OI'G/*O15.M8>)87%)/<
O2+>.1<05:%5F%8OI9=K'MH'G-<M6%H:M'I7M25-+&-+8.KM;=.N5/2(I
I,,)M,K29;J%J5-GI9I18:*:/6%1-I:K79).MKO,1:9(209&K4F,;<)
:HI(9O
*=F9;%+46KK*;,9<&I8NL>24>.9%9N=35M24FK3K
9%IM<--(JH*96;0;003.6G,:;4FK*)L<<H,(G.1G3K8F%O->G%K5M7LO3066>
O%NLL'I,-6;F5+%73162:827LJ,JM)NK2/G9*5:+K<&146'M%7(
+1;8M=2G5+.+>+-4('FG(1/3.LH0+L;/%-LO3FO6+K=K*K)
>L>3L&+.>8&1%J3<5(1&;)087*61&FG+MH;+'
J8%94)=IJI0L&H%6>G'2(/L;HH
8HN3J%/1>HJ48<G2/*N'..,9;(/*G='6+)O4%07N=M4F6-
;M,IG>3);2<KF==)*J<<7G'GK;'::;1&0;GO>
J',K&-65=>,/MI2-.=G61)=L>.5<*+K/K96H;*:1LOM<*=IM:;&)K3&)-'I/5
26I6
&K-=O)OM>)
>F7</7
L>6L27G+;5I<=868IH)-75OK1*N:860/L8O&%214/6%>339+*:M4:4I+2(>O6
*35/4.,49K.62(85'-
0I'-2;
0*),HO;4<=.J+%*HMJ'1+4;M64:&HO**=-'K:=M,/I1*6F-62G/N.7>109J+MN
>/0(L*=78JG*,N;,KH)4>8J-1N5*562K/
G5-L+::&40O
)389IHIH5)>H
&+O<+F<&
F,>,190F+JF<JN:NN&-9O,MJ;.N8F,7'17&:9:+4=;/J79K6GLK-(30H(040<+
2==OL1=&&-G3H
=L&927K(<479NIK=O3GK9
))/-%N'NI/<32.>4.MG6<IN
%H//:
1=N26J5<H/<:9O
4K4OJ//G04J86J.693,K':);*<4KK50)*L4%GF
%+9:,33*%L<&NFO.):N0IH9J8*3<I'F<'K<NL
/2G>;LGM3GKJ/'32F:*L9H7>:561.>.*1:)0H/91946&5/56(N&88845(,9F
F,GF,;NIH3.85&=43G/41M8/NN3*LI5I8MI&+
%>,IG7,-6;L)7'L5I7--<J=9->08FO04/J
F6;
9:*8>G>H-(8
&';8I>19;.N31(J,2I=-,)&'(
I7G),3&26-J&%0;=0IIIGL87-H+902(LH8%66G:)5)
93905,+../;*)*L(%GG6/(00/HN
75&G
&./F=24
KO4M5+1&M)=<K9=,0,9*6NKH,HJM=:K,L;H)4/
</7&:1G,;G*8
)M5-%LF*41,5+M,
*/,K9IG<.1('NH3F%->I/%>;476G3
<I4/MHF1N3&<%5FF+.=H19KF,F5//HI):5595>,;KHF2-&I1(IJ=/'6=064)=O+2N
L0J:2N+:GN*42/
5/M;8OHN/'K20./29
I<88LM/NN&71<H00J9'%;L%+H&GKMF:L//
65M5OMIN>/7J*.>%2I3>87==GO9.I%J1)3704
J9(05GH
*N%.*4.)'%>9K79()2581FL=()+/4I;;L5,NK<6H.2G(F*L7.,'7H;3.-4%68<F.G3N)5H7
3)J5:4H&,'-N6'K%/<9N,:(04KI+MK82
F)G&0O'O*>);J)M3)</I:'7*M%G2;F>81
7)-.<;
J1II&G+&,5L8->+7
2)07%)(>M0:J..</N0,,O4-;97J68F74&-+7
58:I:((%)H.+J10K7-0,H%)9M
K,8:J:-)&MK22GG(LMF1G1(MHO
72
'OL56N:G*7*1
:H)&559.>I3OG6JK'&%&19;M10O0'(<*F<H7F52F1%;=/9IG/6M7=4J8:N<<
MG:/&'+LHGOGIH%NJ5K3:.7):3%3L
0K%NG<)<J9=;%
3M,1GF%
/L01*=5>IJ/>FM;6M39:<+O8M(JIL4-9%:.%*<H
HH1'O6+OH9
L6;=3*5><JK0965<:/GH1
N9%OI3=K87O++-
&()L
,1<1)N57K9-+:H((J&<+G1;<)OJ
.-:(FM&<KK563,<H(>>KGG>'<O5,O/M1OJG7O0;4%*6
(5<.06/+2-:FL<=66F09IM97K7/H+(13:H4(LG)+51,.I8.N-O5<+HH4+I*6L1
'3+HL,;M-=)>
.(988*+%+(1H)10:L'<J-M+J020=NK&;-=&2>%&IO+2&N-(-09+/KN2/J.
(25M*9(&L='N+HF5107:GG6O2>';(H5O;((%65;%3*=-6+)-99
+7'29K,&-N(J+:..J(KI1+).=58II1*<-H=
=J+(28F+NKO369;'7
L<-K%IM3(3(,'LNM=(&I*K<N.%<:7*4I-;-5,;H3=7<'I8%.48G7;4HJG>9H3JN:3(F
-;I>9MHO.L+GO;
I7I.6I%<KNHK')=/H=7,;52+1.I=LI+8-OK1=4.0*5-4-H:6=<O:H4OMNF26I'GK
*M9*0'H*%,H)=4';4.0FF>IG3+-85/
2H&6<03,+>1<%,>*(93F6M8;:>OF6F.64530&=
MG<;+F<N&;7=91NM1K8-<K)*0=(KF1<:3/N+5H78&&
-F.5+=&N;)5%63*511;3H/)33
'1.2;I1%/(
M),G&I8>N%550>6&(NL:IM1'F5J/2I)*7(3<2F)0%/G0=;KF+LGH/=-23-O
H*1%>J58:F(42>K/+1F2%,)J3&%1*L2KGGM20>6;1KKM5I'38I)*:K6)--/
JH(,0-I5'';OK(
K7*O203M+5(H&1)82F>-4;<7;.;(J292<,N:,4-I150;(I8/=(IJ.;>I1&F-<-0+L0/9O06;
57NL(==1='-N044<=/JO%M;O8%93M+1>3),5'MOHM:
**HM(9,'%6-2LI-
>170G0J
868<I2=5-2M>,3<:)2&G54=05/5),J19I780>0O<4J29F';%3F((&&6;OFO>=>
%3.:;FN5J:+,8=LG(;I,9)4,''85+4%2H6.FJ80;'IGH*N5N4;58'
<9,'8;KM=:/.M:321M;'28':>K%*+:'G2./J>15+(
'M*%4)5*%1FN3+>K/4*1)H>N>+F'3&
8=LM).&+4IN'1M<5&<L7H*,+N,M7+,*+J;*J8JN=
(&OG:>4I-F/9NFJ1&/7'>J4640=(.G*&L+''K09'J(I'>1G+;'+8M;&*++HO;K5
G48'G<+-:M76<
6<&M16/FO/'>28J(M9O6F705;(N4=/J'8J0FI+F*O
*'*(HI)5'3N82K8'4+1;;<&:/IF,->HO&7(%
>F+7K>+0=8*);.1<++7*>.+>5+HLO8J-KN0(G*>J,')K&*5F%I<%*7IH
,2%
9MM+(>FO.H:N,
8&N1>;005(K0>:;(
K,5<H%(6*J:K=&I51HFFG22,,5KG7=1J=/,065998G4/%I/F7N2K'=->
G5L)L2/<;/NH2%0+7<.-F<3:=H21IF'G30/'L49M).2/&9G9H0O0NG0>:7)L231<6M8
%%5I==;<-30'J2;':J.5J)';-4I;F75H+<F<0-8:23N,N26,6H3K+&73,HF&=
/(44676'&29L1(46M)6M1+2F%=:9F4
OH;06(=8*.98=4/K'4>;&-8K2=3L51I1=N;'/GIJ>&.5NM1(:5-6=:0I'4+O.6F:)<,5
L266(7N*6%O,M(K8I)4-<6G;K
74HN+<83%996-.:(.
K:OJ).9(,;MI(7(1><,951F(M=81J.4<*)211.
NGIJ&<8*,.7%I;F7>*86/K
1GM/%;94;F-(95=OL-4+46HLJ+
4I:*L/(7((&>=7F
*>74JN5G
663>O6'2I2%%K=G;5LL4>I/K*=6:1>2%'N79N;/-2%43&32O14:-2*:N+
K5&JLG30:98F'&,-2M,1G,+,*+=4.72J-78<%7>KGK&
--3509FGN
J0&M0&/27
:-)=&%:I8II373:0,1
)M7L5(':6GF;M3M38>9(:N
H-26>7-<+=&OFJ&-I83H2*'';(
.O6.'3M*43=G%7(48O/=(O-GOJ62
H;J%96+3IM>.(
1F0
9*GJ<='>3L6J32:/8)1/I)<O=/-F1F1K&'+8K)135
*9:H'G(4-/2,7F8)M:*:ON,%=18+J+KNN2(O':89<M-
K&7G,&%8)-
:569OO0&'4LINGGM1<=+J%+K.'2H+L9L.1;>JHH6=4KJ+
LJ&0>9N,/*,4I>(I=;;F8-FF2G.=JI46(4-<='-&8K;.9''(:(3(,5.MM>
N(:1+;:6/)M
%0H<+F,G8*I,9O4<0,MF+<I/0+)3.9O;+9G1-5MH
,L*&OM9K)F2MI39-:08+0
1125O4/1;K51N&
*JJ8NO5-1F<2-0
O%=;L7&,+,;%G&O>G/G=24=I
(7LG
37-<183<75H3*/%I.N6.HI>3<LI=LN+JLFNNHL5N(,JL,)N+0)71'%<<OJHM
0(&F2F5>):70/NI>782N0).
%./MJ9J6=K-L&1;J;7&K((NF*9//&L*<I/.6=-319N>;=*=9;G4/:%,OJ-*60/
O1'2);L3=1/I8
+H:>5=FKFN8M=0F6J&8N(;G=143*3)98;-FF':>J5*J5+.=&/
'ON*GHG)/(5>02HF)>&)=I2F9
-//172=+3989LGK=.-H/*8%/G>H;&1K57KN3/8O'6)-39H&0-I<F(90INO):
55G7O48;=OJ8K5:50J
IG:-.G4543'N5(:+'=.K4M-H39
7ML6,FI2M=J,.&>&-
)L481I9.3/>F-+GGI;/H;;)'932J+H-;+'7
><-7G107.20OHI5%*O;%LL;0N2+/3K,8F196%),F2H5=+275=
/L28I84K,>5K&:3I(L///5)2M.)<28FJ&>+O=ML*HI.K);I4
H&0J<+7-H(GK61;<8=
L6N3(9<:%5=<'**%KH7%51,-MHO9%)JL%(0<)L'1'OL72K/9>/,2%2.2=1=
10%5H2G*2:5GN1O1>8K*./GL(>/62OH/79*=,K/OO/6<+F&MI65)4.
M6%I4(>)8+/8&LJ7+:M;/:1=IN9JH+H3:M0*1..46>/.>+'M.%O,135,4*%&(,OJ574
I1O77>IL;I2M:G;-5+89)2+67%1H9&4J&&N
)0
-5
3,1%8%,-/K,0.GHJ08(28(0&J3M)*L611MG=(77L>*FM22I2L:I90&41'924N>I
2F4'
;%',/3'6<*J>)O&M*-M2=M,,MO6IKN)'I7*MGL*:,;,(>J
:(K<29MN)8-*4,&(4+/=I4&0/K>M<&;(27
JO+
<.<>%LI7>(,,H;3=J)
4<.
M<JK(07,K0+'J6)L+G'J+60=G*84OG5O.5MI,2-992L64ON4
IN6NF)H5%II;0=(9O0/9&')>LJOI.*6)0NOK8H*&2%J./I87%0<4
K:,%.KN1GLG/<
521OJ-:'N>(7M(M,>)5JI>6'GG8*N.K)/N3
K/637IG(2/H/
;=02'-J(H405;09&J(3>32>O><F;=*.=HHMF,L
N+;5HO
O>07ILG
5263,.IK4I,/7&4N4OM,O+5;LK+&K9,=O6JNK/+-0(HI)/JLF<L))HNLL6)O*G86
3;%*<0(4(OK-&8'<%O*K&'M:O,%/+'/2+288%
NGN.>H=
6+KFM;F&96M(0K50>*OF98N/>8J
,;1>0+LN;N'-/KF3:G&K51MGM4>
9JMH)%O+8J
-7I/5F9('(K(=05&*G6%&72N
:4O1(M3,+73H<:&+)H7%%L'/2<KK2(97:3/
</'2M*+7;+=)23M87,33+/(0(M+&;
5;<;+<./28G>.+H4213(<:,'7+*)N'O
*87(:2(-)&<(*0,MI
G22=/)>
,GK')2'JONL7=/+L.
K20)I8+9=11*;7L/L-G/KN+(M3K(29NN&0NM3>O.12&;0'J;/>IJHN
J<<,4JM&&=L%04+M'.7%MN'(/3J2*<>=&K+5+(<<%G%-
:=&&(/*4>G)2M76):-470G.(=1
;>J'J86.K)7IG271)34;8%;7:
F(,-<2IG2,.3<44I)<FN+;M7)L
2+5F5=9M.L;;7;(*>
K'HJM&*6,)JH0%0O39F*-'/N2/>;,2.,3/O8*<654%(*8J%>.1G6*00(
<OMO*8&O'&HMK%O/84+-
MG.<GH-H=:N<&3..0,L:%GG=.MK*=6.G30K0<6&
3<L=J5:;0)>L060&4/+KG%=F5N'3%%=1+*:<O7%<+L807O//%L'L0%2
;>%/I>*L1=)33O87=4171OJMK:'M-%*I:O-6H/677J)<4(+;80%;F)
IJ24N=2F>8929.+5I'N7H09F2L9>33>-J95%M,(50&08
/(,(MG,41F19K)*HM+.12L58<K*()&*>:H%,723M:LI6O*N/,=8>'%,>JF-+:*
0K0K/)5)<<69.<<;9)=5>2L%J+</1MII1)'FK6F-KI%:497L6:331*72MK92&,H2
'*2JG(
5:4N54;*2>H7>2)-/N85FN-(ONKN&9H:01HN24+FJ65F,I.L0FGFJ:0:.:<=I7
GNFHMK%48F.4*13%KM/;1H4/08
=0J8G&NJ4G4;FJ4>O2,IN2<;'K8&<8
=<2='NG>(*
>G:5K<.**<4M>IJ4-O/:)H%:45%.GJ
L4.=(I)&;:&F5'*O/.;3<>6N1+:*><KII'730&N<H8O+&8/7<9<>(2H3+/'1
=0=2:M;0)(6+J8=
J+%II04.JGG2=I'H2(;91
+<29*KK6JM*(&G8'JL.:6N7H%<*;/7'*;122M5I2:I;,-354%8:5/%5<8=
&HJ>+*
MNG(H2N6G3,;/&I:K+&0=3N%'IGOH/82KJ%4G'5<&5*3(4%G=K)
-2=56I,JI/1;8
)N'5%(052-H%O37;K6)N)F89=&%H'>;&(.;,0G;IH=G&2=&G2')8H*,.O:/F
5<(K,:>FJ
*5699M9F
&=*MK.&K5L.L4=8L3
=1J1<)(7(J8,)9/JM(I
:1GF>J,H'
/L94&50F78-1'
0(MKI55<3K*8237N;76
J1L84:.N>I25>L5.6+)<'<H.
3O
:/>FLK402)F9:-,FN5M,5K57J7H.0'M++IL+L36((G'MG9>;HNM
:<2J38).
5/4;.6'-,),*6)22I77G9I'I6<1&I.,341:&90
+:0M2:-FJ./G-'*FGLJN+JK%)O%LF9331%G;NHG
GL,&*.
O)/0=:I<H*
*K9H/J676>6:K;F'9/1/'/>85J23
M=0KF7))<(N<;%K(
*+8+;(NL5:LIF)36=G>G9F(L.KL%5F,77<5OL17KF;(3/
F*6L)>)IH
,<N'I&36ILM,>JK2+5<-7>IH;8,8J*;61LN&0:)6,6I-F/88.:*:9
&/F=%J:*K%=:5920MLF7+=K.&':5>%<*GI&F-/**5H&J(14J/&)*.8JM&
H.92)-/&<M:='
LJJ1+.4J-.%2ON68K/H2F<L/G/'1N%+,7K9.1NI<+6H(IM5&2MJ565*
K2*2,1/1F&JIJ1K
FL1MOLN*7''&<%;O896H),0:44M-M&0HKO:/<)';'>NH01;>0L(F&N)
I=8L'O)HFK38,*028HN;-1I%
11%>0;+L:/3&;*
&K-:JNH)I>H35G:HG7.H'LM3J)ML>5M7FJ&8L1FI+2O07LO1'2%,
(9
/<>6M26:/J(,K/F:;N>:1;JO0'2-2O1+&0;N-.LN8'M
8G(K7)
K)%=360:
L+<+K=O(,'=.OIJ.-I74--6I8)8/I>9639-13
&O553.-FM;%O(6+L3+65-,(&H>-)4*(*&%M/I=:
NO4.L,4=FJ41%L%%0+HIH0/8O=+2N&%K7K%FL=NI>0;1.;9(-5/+HFMG(,/
22&=%I11.&KNOL.I*&<.7+7O15<
8.5IG;:18I%%9/03J')8<J.IM09=5(O;)F
H71M-(O/+2
:H7-I(&4
4H53(/3M<%K-M)3>>O'FI,*2(+:)3I%.&>0-
42=
:H=>MLN.&H-2I+H)&<.>M..F119K<F99M.IO'5'N=+.,HM<2N,O56-.7NJ82
''(=F1JN,H5F368I
-G><8+N/4>)4,;HLH,JK
O:(+//G3,37.GM30%'M1.4-/3245)<2,II>L'K.:M-89
N>2:*.8J7+F5K625LH0K:FF.L91>MM(HF)3-5;OM/,+20KM<
2%.&<8703H&</
/,<=F.8+M+0)HG;L7&+J%/M:O2>F=01%35%8;6H+O,JJ)<5;L<
H3.*<;/;JM3-9.78I*&
41-(;22&1*J;
7G99/>67*F2/=N<75+;%I2G<NFJ;H/I7.HH7L%2-9M79::*7;*>>;00
---L>-KK611;=,7F>NH</>GL62K*JM
&L3JL)G;3=</)+6
)N89173O=1>*N*=))GO9O>/G=+86%44)11&7LHN-=6%N;12)33:7I.(NJ4%6
>-
/M&<4)
=O.I-+H5%;FK6)&1>,-)/L*0)HGH:7>
2/8KO:&OJ8K,:6G;0IM%19--13K+385*7(,&0+G'+*N36H
;H'6L+F48
0./.2*/N+2;4+HJ<J,+(.,.*>I-I%.;*'LO(4O6G4&97N):4&63K*&%.K/HO>)1:HI
9:850(G<.L:3>-7-GFG&0F4M/(%M5'8*=60<G><),4K%6%I)*/>4OOIH
:2<'12%=,M<<'4*4&I(>3><3(NN<I8>N<L<
N.2G2(O(-1;/%-9II3O9&&.F+M2*K2I:G'1NN<I7:/.+N(24ON(HJ0:2II3('9-<MHN;
'44<(53H7;47M4-7=9&H',;IO:9I,9K)F7)&>9+('G6
04*72,.4.3'..K9+0
/6
<K:H0.>O5KF4=2/)28IN*9G(*%>81=-
FL.6406()J81%<27'J9),0&NL9,2)0O/)*&%G/3%:-=.8)7NONG'4H<4,9/9M;23,
0LJIL)4<I61+L<(;8
*)9M)O926=8-+<K>
,/G-8G;N4(-0:&;7G8'MM02%4N'3+H9.39OH+IL)NI127/,4
GOFG:L6:.H9%6(+-G%=J;)+9-I8G&8:G*L7(II47=G**86/NN(9L%8)99
4>M'I3F&4N,M4GMFJL92-+47H>+%;>L<8
3M.:L8=K=)
.)*%J37K0
-J)35.<<4K:..,%.F
,=8F.+;02K:I&=,=0H
73+>/87):FK6H
L6MM4G555L+2(7K7OF:6=4*<OM;05,7MM<35%>4*757N=+N'%51M
F2LHN7J3:>+I=HI8GO;O/>2./:=
:;>9L2
M<:-9-,GK<60&>)2
&*9%4MN*3.N;=M/*4.,%M).05H<2KK.0IJ;L8'F-N,J<&,(,/:0H9&M+/'*L',F*
(5;99NKIG48>N1<86>51<4'1'5-;H4*-->>N>>L9/)/%,(+G
<->5/O/=OIOI(%2(%)63-OL%F4)697*GJ-*%(03K2%G8&<L1GI.F<O3940,*IF,
&,7I
9-:<HL402<,'*5,L0>.G=*8&<7,M(%F)OKO)&MG9247
9L93%2FL'*-;6G4-/8-1I(49JG84L81'*/L*:O':%46MON0-%%O9<
74*)(N*7L64)+H+;5>NH+4<NLNH*HGN5F77N;37&*H1'.8+>G*%,MLK6+J6
>N.2;
9M.<1=FO(.JN+5M>4OM'IL0N6KJ'/<.7;'95H&HIMMJ-H:L3285L21L;+0O)H;19
%H0+)3
N0-+J(4)9-+:9,,4++8L(F3O(29<5HJ0)J%NF5./'.*:2':2'.H
H77.&'L9I7G;HN8J.&(
M(0G>M-/J>,);9I%M8+0H*08MO.O%L9
<G3N0'GGI63<<2(K,6
7'M
6J,0L=(9-')&;194OI7'H><0I7&32>2O(1
F.5OFK60M.'/OK
+IN;(,;5M.>6H0F3;L:K*74(.9L
G'1L-L+(&4G175F'O<=G320
8:0+75K*7,8H()-N2*3*/NI)-<O175/O%-NN/F3(9O.57;M7<)*9/6II%K
72)):J-LNFH.O,*7M522((7&
+.>))&M&1K5,./:%H)F%'>H*N0NL<81&*M%%MF)&K5I
F3K))&:O'&'905M.0;8212H.=O:6M%75(H(<9,J''1N:4G4H2NK<3L3/4MOG&.,8
O=939L&J>%)
H;7'0G/=
%JJ2L)JN;&LJ'4+5=HK'J;&;6-;F*/I'80N12
1F07::FI+:.1-N7:<7
M1L899M/4;LI9),,:'I&
:NOG*4+:J;18N>>>;>M
OK9OL/74L>'087
(<;+FL52K=IK/'L=)NM5JL
'&)*4)(4O(4-82*4.<&N4H*8%*6-4*<ML8/FG%'%N:0*5.JHFL)<=,I=)G79>40
=&
.+,G6-4F8K8J78+<G5.*)H9IM;.597L(LL/%%9L41468*O
G&5L+3M(3,0).'M
L5-9<2K:H*&->;OI67
*=I:-1,'J4*L.
2>=58=FO:+
867;M>6H'1J6,7+F:2+'2&*-%4,4N.N:O0HKH;.==J%*O;'857)1)%;'6HH*0
N%*+
F9,1,.%>%49MI1M9>
;N)'06,O)J3'K-16;*3;3N;%>8:*(+-1,JHN/6;:''96:6**6)&
7M>'.6:FGNH>,G0>
-1&<'FJ2K>1</%2JJ2M:LH-6=.'2'+):'0H7NJ+%0N)H<0KIH4,4J6.LI2-.52
0O9
8&J/>3;7:O.OI-'O5*21H(:O6;I=;2JO,H.'93&9(:5K;1J.K,&+7:=9)9G
<OI8.H2)6'K/)6>:>%7<M9M/)-L*%61%F2
7.-<((-26=%<%;L17*)JNO+
KM/.810F>
>1::
FIH84MK3(37(I6,%N+<IN7L>.L=L3(;;)9*>=
>734
HG>.09:=:=(FJK+:3L;/5H2</>%OF+
IIL-0;JI=,6G.M*41=7
OM*6&1GHI66.G&8JN;>//%-H13-O>2JFN&K,.OIJ%84-J;8OJ>I3
J9*25OG75F
8ML4L0>GKG-JK'':;50N6.
+5IOO/;KGL>&L0866'(
9F1>
%8/5+NI0G71%66
<.>0&&23LLLJ/-K2N9O-(/:7;'KL/)</4
8O5,5H58N<'3-5)O)2-;=,.'O+94-&JFJH'=6'*-*</IHLIG%G8O,H,</74L:O5:)94M
1057*L484;GFHJ&G(GN9,&(K-..9.4-IN:;II.2+G4-%(NM9/&M;J5
F'90+F
G(L0I(5-/6H+-7>)N>NJI==H=31/J/8<O;:1HF<;=7H13I7L.G51&94:IG(&4
H1-/.F374)'6;/5*H
:<(.O/FJ&;H99K;FN(J)J'=J,/KLNIF8G19,)6=+,(,-0,*G:7G.11(6FH9G075&J=+(;
,417H9>(6+<*//))'-O0H7NJ4MIL(<//279&2N(:N7;LKNJF=/+/
=H<O,
3>:L2*;*(1OHM5%'88,+F%5<>*-1=+'
3G>I9;H6&1,5.K2*1K.H-N(F&+:&;(I7;G;=<)3.9(=N1.5804K4NO(=74'*=H1/-8:
=6'&4K<JMI8:
9<J>OJ;HHF6-GGG58J79(*</O0OF/);=>(<)
',&)FL4HJ%;H67+M:8I(>-3)
J'J%0-O<'<++MIJ<'H52IO1O<J11*
170IOF.>03H;O9H./&*F*>%1F*9+-HG'*9;9&*<7M+FI(H042*HL>I,K*3K7K
=F'*2)/I80*;1G>JI/GK%6<*M,I-<G6I.
KN),
<FGL,
7O4-NL
8K9+(,.'<4
N>&17I))O<K
91=.O>HN
OK.)'':84/.88=N.F.FLF,JH.F<O,84-O0'1),HI:>F'*,HI29N>>)7(8G>)J=5-J'O>,
=9,&87O+07N*79)
5O:
*)HN:FK':/<N9I/NL-<1O1-39>77I2,;J(1)/&HJF&39J.I3F24&5GL5O/%=>G9428:+)
=%9;/0N%6-6=&+4..1(M7+2.GN9>;4>,K<JFF94)O(JL3)*3I*;:G(90M=
F73I0IL*.4F<L:4(%N4F<0)J-<>)6O'%%2)HK,N32*')=%=O(+.<<%47
-8(>%L31MGGJ9/F1:H6+N*=GG+20&8IO99+.-JG94-3<:'F<<6M'
GF%5>&
'0M)>2(<*+HNG173<>N
.K.O)=/>H
JGN
O-)H56H47(M+H.>9MM3F8N'1>,+*<M'1K%-*(-%(2K=LGFK7G9=*,;:*-
>448'L
0,0K=&IJ':'-4=O-)F73/9<7%1(:KNJF,6FM'
G=-66'%332J34:&9F=5(%65*3(HK0FH2,>*G>7H&0**:-*<7=,J.1/'F>&+*
39=K5&-(J',%&79688N1*ONL=5N
HN2G1;N)H8:L(G%+,F:L
I/O')-O-40618.1I4MOM(K+L+<4I%>
KH:&2(G=G011=%-OM49
,N+5+%=O;%81G%OJJ<)<
H.F*=451'
G*-'<G1.<<*
;8<61GN+K,:8H5%4*9*JO:98M51;1).%3H561<K&:;O2/&<M6<MIHG*
J-/
5)>925+I))81,NI;*H2/;N&,I:0/3)6<(7=;M5M.;F73J&%I8LIH.,73**8
-42>>F+1&KH.JJFG'FHJ%4%L7:7=0%
*'+HO8,G7)O611;:I(O*+N1(25/*7O340LF-1(M3*K69;L%<KF6=2)J.&0&+GK
%'(=616=5=>'>K4H+9./H>;3(;>'F7>)+1;)NH>&4>&*%4>7OO%HKJ0LN,O.,O80
*)8OK<:K/.77/93;6N8)
H6*M8'FL;3=<9:68&%N')N'JIJ<4-2%H+2G98<+L
+JL<J+3O
K30,H<+8=J,=*'(8-8L=.9N68%
I0;G<6JF)8O2J08/=2I6+
N(1H-I**718F%+GF&G+G4F98;/:MI
N'FM)3-3L((M;1O%N39.*96<MHJ)8<%H6':65HL64F'5>3
>>%G(/
0O4%6L.O52*7:GON=M3
%1H:&('%J&-</5<&;0
';F:,2
M&=O)20'/>8*KFG9.->9*9')/-&M)K*0%--F-96*>>9+733832KOF=;'4F>;0><H(H
'+G;69;<N;,9OFO*=(86>/L,63'K3=+*L
6KO/4F
6%FH0I5)%6((=<<H'<91+,1>0/H.GG6OG89N1:5%G*1,.*78);H.-OG6&H
H+3,1>9M;GK(=4NKG5JL7<'(6O,3O'='M6/<7I7JM6K'&=794M<069&
N)-L,(=(G&J/LJF728=FH++4<56*%
F.N)J96*4O%;=2J(K8%H*<H)<KJ:<9*;1,N+/=0:J5
>5OI*-'0+::21&&.L&3I-8-4667-IL25&7&>1-FG.K2
6033:4G9+K*O)>)1&F3:+)&5*H5;F40GF933.49L>('K
9)8-F=1+&.:<.9OF3FO33
HHKGK6'93IF9:*</2*KF,94GKH00'H-L
38*=+;J)-3GO7/G<+88<LH
JF&H):=*4M;N3;-8H6N=*K1918
657<5+1L7K>13N37,.,3O2MH-42+2O8M5)M>)+NJLG25418'J(0&*
(H/H)=54I<2F40&K92
KK+>I0>HMGLI00
(7>10J0G
+F:,4902
4<O/.3LF
(88<626%..300J4J'30,:6505')K1*-M
K9F)J0)=-.;=J=0&;
GL0:>G1.>O2H)6J:O05-F5:L%)F>4G,1/&LM1,
7:,=6,<3MH=M%FOMGOM60%N%JON>;1H43>2'<-:;8-&H:>&=+%
G(4L5L8-O1<=G9.6:9:LNMJJ,>5'=I=3&207M/5:H4
9(:IN=3M86%L0.2('<.&NK;H0G%:GM0K&09&'62.LL>195<9,+2-.)=7-JO
3&<LI=
/9I497JM;H1O/,N%-(<-GL/0J7J/)3=I%=2=.>6:M9-2<2..O%LL(2;N;N<*
&4L/'+:1786K0H9+*72<20>&J*(3K.45LJ'
9:KF=6/6K3)>M,%G%*
(8)2FO>*/0IJ*(M:-=9=M0933NJI4.%=:49LJ,&+I95()0L;
+HF:9.6K.=397O4)6J0F*3'=77%,;1N=.(46FL*O(<8F4&%/K7<485'M2
H/FKO3:F&214
<J9=+)G&J%HO8O1MK-%KH68'FK:.*/(I29-;.M'+L;(<JM-M)3()&70>%G(IO0
J/5LIM/%%101;K:O*,N5:9.<I.755HF.4GN75%M,0;7L756
0N%3'%3/=>%<'I:
NN9.LO06I33
)>6+N9<(4L4K<H6;9.8G2&OJ
7*<9*&(&/O&>>M'6-;&8JJ)(;)=9.LKK,HK(L;:0=MF10+57G&=M3>177N)
O;-32.K422MJ>;F&K1:NG-O/):J%M&31G:H132O8F10/8311/*=H931L),MMIH-J*;%
+*I.
L'>9J,=52'&IIJ%5L1I%;K%.O1&GH(>(.+;)H-(5H-:&=4I(.>5F*8.3,3;.NF*6+-
K,1)II>)H(,+%LJ(*>O2'>,%-;.'*328>>I
I14(;+.F0K;/GI9>(2K-7=+<FN<
HH8I,N3=7LN.&