Professional Documents
Culture Documents
N210M7K6K.%I*.1/)N3/N(+6-3(OJ>J6.&';6O,)N7*094K119;;G4+0*=9I
MH26<6K&+
%&H'F;I)%G3ON71*N4:;67'O=-9K=G26:GK>8-I89<'L
3J=/J,3=+O3017/+II,</5<-2%06*%0K<%G2&-=/0=1'J92*=5HJ)/N
G/89N=I0)H6F.-0
-OL-%H-67,'H/6*<M%2(;0<&I-,F>73
&
3.+=8
15F53M,<>'I96%)8%/L,//>5*;NN33G'O4G1H,GMNH6.14J7*G/+(.N.(27I*M
&1)1N,,+.
&J:8IJ87'7(&JM/N;HMHO(34L9>&<1+/02:1<=:I%/=
133>,G,87*24:=M:5:0
%:O8H3'=,GK2IG4NI69(+:10H0(L=
7N)K=)64G3%>:6
)-+.,>//=(,6=JKK0:G72I;05IIF/9H&KNH(>8<+8=(3J+8%)*&=)F<*<37&
*K5HN<)IGFO=:I-KNJ6473>4&7.
4K9:>K9+
/+IKJ)>KF(;(L'4&3.00<JL<%H%+%5I++.9<O=H:1*>81F:(4I60%=J
50I9/4:),4;=,%%77*;)H5K7N);&-=
-H,/&8%,3N9:GF/M%'K(/NK<-%JO,.
5(6+&N,03
3:N.I-;%961&5FIIF>&5%7)&,J74F/33H*F79(;*MI+;%
:KH;=75JI<<1,;/%+71<3LL+9O*O*4O64K;*(MH/KL.69*3J=342,
)%(:L6G:1=I)5FJ-1M8,+M.='K/%/NN55,/=')>
&
*F/*/L,+'1/=%(0>O14MN=,/*I0*5KHO%*.O;-9J+H8,,H2N.'<+*J.>%=;-8&1*>=
1L.5IO
:J2,H4N/6:)L;*7(<05F
-L*O4M
O.=0,J'8>4,,9J:3J(-&6F'*0NJ4I/4%>2;F2M7>&).L/*M2LM
M8;>+G7OK0IG->L,71)/'%8.(167(=O2JN8LN=2F8I6*<=)((73326I2>FGH%+
I:&53/N)F%9.'8L*.FI&+>=5*8:>.*20(N)5
<
O)>,3,,NI6<%6FN,I0JI
J0F2H7+1(&/&:M.8N
HJ+9
HL682%&<(5(,*'*M>
&.<L4=.<K,9N&,G&IG>
>H--K792F=3+6/:()&6.J168.'K)-GJK3*3-3M3&HGJO&H3G)48='*6'-*
2;<I02F)4,<68,J4H9K(*(K+4.&O+;8NFO-<(&
>34;:L7K.%4:IK0O=10L1G07=+&+
/8+J4/N+&,K,8>
>=>MM2>&O44%/=:
&6,0(<6:.L
2'8864N1KG>H'G%(%
-%LH81G8>8/+,'1F;+O+1)
'2LIO*K555/)N094H'F;,LF:/=4,
41F&/+'*3I4-3+67H/;;*1J1&(0
.OJIL50L).05*NL%0./O<KF-40I'+603H),
%L=GIF<>)>L03+;324/9N
%5214-N6%M)06(3LO2'*:38=%0+*FH6N&=*2
4L98*/N+:';/<OM2:87IJ.1N/O.-&
)4.O)J=KML((0J7::05:&9-&J(29')<L(<7053H7:.)>JI<&&0,:<04'O(/M,4KO)J40
/I3)9G
754
G,1O+
O7'JK;)%6/=/6>0<I)
:7F>I;607KG<;MG6-4(7&:(&=OLG2G-0-)=M4.,G<8LM'7IF68F<N/+8G4(O/LF
%9>O,O%'N
'0L0L5&'=H;L,,M4-(,*<ON8=)M.G(8(+FKG+=H
)L02I
K(,2+(2NJ64::M77
,+3M+;/5IK=(N,L&<&06&1'>:I+;:0:3OH0H6LO3:;G>.FLH<212*/(O8,.2>%*+=2>.J
/58:9O62&M:.0;-GHFJ-8=/+-+>'M
<%L3K7J++/=07'5H-)*%7:K=1:-I2=/=*===;.)2+NK6F-G>%2%L=72J()F2H2JI/
G5%6-89G7=7:H(>2:
>),(I:/MI7*7*4J;,H>%*.<4L%OH(;F'
5KN9N/0K
%N*.==61,,J%0J+91L<&7N>&32-3=-,K1JFF)7F=GJOH:GI)23&M0L%K-9-)(+%
1J7<='
H3>G&J
F,5>%296:57<'NL
N3>+;GKJJ-861FM5*90+F(6I2)I-99MG/440''14KNN3='N%(49J%O4)
'7MI(-6HL26.M35':,04)IJ<-*'89K.NF<4IL/I2<9,N1HH08NG(
N:=N3%LO**MI
)<)&7)19*(N:3;84=.2IO671+<:,7
N(>&7::H41&);*2/+M>JI>I921KM*.I0O,OFJO2OHJ6L/4LL(&F-0)<<(+;*F
+2
-8671G9/N64H%*HN.'4*J204+,:1'(H/O>.*)'.425/><>J9
0N;=M9J;9)L:'93)&1(L:IK>+4MI2<KM'(F,((&IJ7.9N8%',0(8.L+>M98LK43
H&.>9',O7M<+&.7OIF.%H;';462F1&M*M<0>L'G&'5HHFNM%J4<*7*>;.3
4GM<
KFO13'=:-4(2)O).IH(HM>''K&7*87':4J6GM0/&2;644%><080J=
I(IION;ON(F:>&6
*O%0F(,/3;LK+'-G)/9=2:>
N6;>%)0MH:7G>/0-,
'F*,J-9/F8&I-.O6%KK0>.LI
-K*KG--H-4O
OGI(;5-)K
*%1
;LKIM)0=%M+9+3'+4J>6;0+
IIGF%,GKH
MJ9J3OI<>N2.K2O&2+NH7;<F58-2)K9(
,HO/=>1>*><0%M>2H:H('GIO4
(I++5<(41&I1*&;=3
*KJ:O3-
49
:-*>I>;)4(FI8(
.1*J,O3L)37N>/<9NK(N79F
4M224/O5:70(.OFI.;;F.(=+HO;F&2F;()M;6)M'(6&13(F>2I2F0>3L
>J&I-773K(G.>)O>:G((/:8)2)/04(<<'IM24>.'8JHH0/,0F'2K
(=M+N9)6'
G0L+G<19
G;9*5=6*=./OFG9;5*
,:J11-L6
5OG6'98<J
M<=J3'KH.2O:(6=O7=0=7G.O1;M>4&I',*
;*KNJOM
6;GI.7.93(;MM7)9,,1<N8(6;39>%
G.+,.&,>F:5
1.0H2)3,=>91%=-+9J-1<<97N+99O.0..84JI7M=(3<FH0)2LJIGN'N4LM,LK+&
*:5N)L5%::&>>G
MG%>9L'-3O+7FG0OLG7..'1&>/,6&K15149L%(L8LN40%.%9984(G1K)*0M
7F*;)3:/&K2'981'08546-K55079M
JF-9J>HMI/4=<6773NL5'G25/5F876+O+260H*=IG/;4.NK;H)<:';&G
:KJN)(2&
5+JK*
K0L<NLFL-5,
09%:>;:5959J6M)%)%7%91O3*H>%/;;HI()H<,*;;O<H:/M55*=.,
<'O'%8%K1JN<2((8M(J'45K'H9
L/+H;LJ'7)3>,K5-%M/
3)&&,*&O4(/:,+&<6H6=L/>2>
)=L99'K8FN0'&4O;O,O4-7'JMF/>>=O>MN,7&8F>G3*<4*.%8
J;3M<:J,4627*)4&-%).J:F2H1J;,(+I-+5I):O7MK/67/4'G),(=6
OO;N6/;G&;0,G=.3H1708&,-529MM)IN+:):)F:<+N,L/<:6)'))&77;)&=+3/
HL8=1+7MK;F.,0,.H:;5)0;+J++088L*>/=&,L(;'O.66;I3-8HI(ML1('=3).=
I7&5;<2/F,
27L29'+/;57+5HK3-/
IF7%K5JH;:G.*J-.GJ2&
*%%&9'&.=N+*M9:O19++7>/06(3N4-43)I6(2NI45H6I);F(-,-G16F46</O-F)=(,
L=4,N/*3
18K-NO<F&%2>=;,+O
+673L
9:H&,-,/
&'>=M6.H1H.839K,35JIJ3:(3%KNNHG%;N;J7=<>&F)H7.1=0-F
J/KOFG.G12'JK48''937NOFO)
1IM5+N04
;'<=9I*J
'G75=;+65J58KGI*6/OO<0J/,6>79M5I&,&GL)>/<(NNL(%&36&9-&2.5
7J.1'/98/'G'%75=:,+<IK1.463(;=HM0(19J*<;%%MJ-K3H'N629J27IF
F<=,.)6,H8M40KL7*73O1::I/
(:M
'2%;6244(>,:+)I(7L%M607;.64,;HG&3H6G/%).,91,>1HH46G2'
OO*+O<)
O3-(57.-<0:8,0)4/K+I)(2,++O807M/O.7JG:/;,)++3>K>3GN(%O:J6%I-N</J*
L6OF.,J)7=9+9HM
>
3II>>8+.>I
L24)15&,9<MGL.
>N74I1/G(4OO
25/
+=N0-03N48+%/*MN6H7K33*H<.,.G=-*2G81&&0M211'HK.-<.,,N67'7<2,N6-&
-KH=G7N<50K
K4H6N;2H=KNK=(>>+
6NFJ9/=6:9*+'/6LN2HGH3:/1N2G=05*684:L4;7(6,IL<2GO+5J57N9:K5HK
*JI&:>.''7'',KN9-FO%8,4.>.)<0.L>)-%J3O+*4F5<2J/594M=/8G>09
G(-
,.5+H<K9;*H
'*O52
K3/=LF0G6J5*,(9LH9H,F1IJ%L-L0K<(NM(L+<MK<:776(,L61
0N*95H52;M',JF*
5I;;,&8;-3&-8<,
2L%9-6=&4.;:3+N'.&5&+)&%4(G)HG3-6:4M-)GG-+NKJ/GHN&13</NKK9J
FI*,
3FFGGF+
%.(69.7-9<+'<F8O6,JGG/893LI/2-47L-;KL/O)/)<MFF&=0)&,(%/G*4MOJF;
04/N7
K5459(,0,9/
2'N<<0;2G8)GFL3
O=:(2KG5LK<=M=%N(<1
I>/1+IG301=+L+891%3,M665I43(%OIKN4O678:%)5*9G*7:94%'%9/J44/>/
GH)FN>N4-;K)-2OO3,/(=91,80%H73<6K5IMO3.4N22/O0*H*0OFNML;+KK8
I.73<L:;NO03<1(<7(G095711%&IHH
9O.20026JLKN.MF-1K:*+
49F
,7)M-45JJF0&%81;9GLF1%8'&))/&2<)G>+JFO=.I8-H5LO%**N4
0K2
I(L/27J5M,H4LGG8-%=1G/0L56)N
H1+G47.KG61%G,<2/IO8(79)4LNN&7L-;(82NKHOJ,1G
OJ,.,;4>)'2),5I&*>*8-0=(%/->&,-L51H9/
>=6,93M37N(&+<:<<(.O,018I':9;&GO<->,9MH>2.;HJ4O7=':
I76H8.9=8KKI3<+F;'JI*IF25>*=16;0'FM'((
>;;,K<+9KH1<):.O)=;52.M
;0%N<
=/M9M<.H,/OKN;</L*6&*O0&H/J8%*M/.0L+-*.
4(,
-O:3)<0':%/02IMH0'<5N0>I-
M0
+*5/51'<73
&)408GJOL1)L8+NK1+47G,G569L*5.0+O*9/JK)(<:841
=&1+G'9
=>9<NF=LK&:I,J=(1)9.+<%*6M+
;%:96M0)M0'/I,>L26;>M31I<4FM-FF,9;H95--1;7*-%+2J:G%;--FHM9=;*3,*(7
F:,+<043)-/2G<=+)7F/414I:
31026OIG<.&O4L:,.=O0;H80KM&-H&5.6L(KO7L5/IO%NH&N,&OL2HIH08=<9
7*M71M*:N>6:4>.9*.9.HF=NJ14)
3O2+L%3'->:G+0M&:L-++-<-)+(N*&*81IG=M+0(7N1MG4=M4'4<91*%I%&
LMN=;,&F/H*055>*
+H<-20N/=.I
184/;4<:/9G&GG8%,4%0M29(-3%16F;(9I)3-%06:0''NF7&--.1J5F8-
867/(068(4&.15=I0M:8*K2<..GM6K2>2.5H.%M>8HL(O)(+=J0G5%4,1L/2471
J1*
82IK&M)L);4-=I
<;2)3=-O)GF4%IM=<L)I
,H1I%K%=8KI=>MM+16+*3>+4M+
8,M'NN%'(J'F2++970F9:1-)5H,5HHF6%*4199G2=,9+L()'KGFG85<2L-8;1
((*OM
:I/L;3=I*2MFN
48L(
LOJ59.&(LH.I1MOI&O'.-2)OLI).;5
J38KM+.0G&%/6-N4O1M',O3:232JFH=('1G,HJ(O<9F;4:6,%.>)<,:28IK9)4
5L0+N
O+*3)>22N
%)(KIK1%4>F1'J3518O2NJ7N-*>>I
/'83;2%</&&'JM7JLM,:(MN(H.F56&=
M:F,+.&
5M0M(.94I;O1L'NLK((O>49F06*I<27<28.<874O6.*4,O8/IK-J%K+7/:K
3H/8-9M7L**'6=
7/:;9+IL;61.O=-<)=-I&,6,/=,(9M*>*FG1I0LFMG&1/GN)KH+
H6/1./L(-*.&&H4-,N&;II/31=(=,;G%/K451><8:)(.H-9&M.042(/(*;053,<<O
IM)4:.IO:H.3%H31+)&FI9*859FI;24-*6*3:6/45FL=ONN=4M%HGLJ7,'L(4GF'
2'L9-M/'-)>L)0.2N%=6G4FI6IH7)*=OH9%H)5L>=IK)1L::0=KN(
&%4L9LFM=%&(
)*:43F
&)0H(H%.NK&;-529L1)3M
6&6/2<5407-
9N'03/
4+.M&49*1
0N1**:8OG%N*O<=)'9:K+J)6(:7I+01F%I2L<M:HGKK%0)+/O7M3/
G:G,N9G&
%I6%4LHN&K%-/09H<57;4L0<6,0GL%;''
M;4<72
2805>M54-*%N0>L828;>N(<8(L,O'J+'-/N//&-*1>G&(6L.>&,J(N,L&%.I5I*,K
8J(O5<
;=O,:O-)M%(I1.0.O0)4&9<6733:,((L)I;MH+1H5=<*=9M7)603,KJG
2=I.=-5340;>:<00;L>7.1MO1H.)<'%&J/
4K6K%>,+,H)6FI1('1><0(L/IM.&*-GK41;+';)5)52-O8-H
H*J+(/<71;('M7
2/,3:N.MMF16/;N:6-I'L046)
.31/
FF'/J-251,>/K=<J4M'30(=*77&*,;*NM:.'=%&37G3%GJ7M+4<F,F:</,79:;45
O9,0)M<-=JL3(/+LM3GHKKN'1KM1F&3:+1&G<96II2
H<G3M>6*6:HI.8LO-
*/7L*9+
6F1/+5(K8H;=:;O6I';K
.&0(8<N'=(O)<I9.GK-:2H/;6;*%G)+1H0O*N-/%8;8920G<JFMLKO*.'8580
8>.GGH*O-,N&6.-1
59
(40J=9<=8&3/25&M
/99/,N+*M6I;'>2..G6+.8G56G:,2894GF8(:;;1*J-.
%26LL/&K1H0*0*/**&7O46'720O1J&+3(O4G9N4IM8G4(O0.&55)JL0,KMKM*K
.=NMJ,+*-582L2-+;L
K.;<M;-7N*J3+&6G*1OO(*)>353'L3'N4>.(JF5I94F;&0/<6O**K,J60;6K
2N316J&0-L7K3M,LI7
)99J+LH5+F*>9+LN+*'+)1+/(F)5'83'K(
<;=.LN2O;FJ(9*F,63IK)N0OKN1&%J1)MMHN
5'42&F>N%OJ62)&>641'9HGOM21+;K1IH:G081+K,
4>*K/F0()>G/4:OG37-I+J4NJ(;29152*:7>41F8FI:':H5)O(8:K<5J-N86K3N;%
&438KK49H=
8LF/K),OHHF>MHN;J53;;I;>F3();3G>G)/+M61'HHHM2J5H=2IH0<5->::=G
&17,28<F7
1'9H+'O7..-J-2>*6=5<5-32+;4(=G)(N
H6=71;9K&6-22:('348+,'*542;>.F9,.K)6H0>;NOK/7+(/3-8
/L%6,53
1*&LH9/MN=4O8/4,N8K>
FGGL/+&2;M
044M=46:&'M1+K&4'**.
3+H9>'>23:0/7,3K*J,&9/3%
9L,H80)*>5>J06=K<K=72,N'-:;;/>5MJ1;42>'-GN*5L64)
>';O6HO+L032HGI%GFF6=-;1H&02O7G8*1-(
GML1*9,()87>8)
*HI-3*+-*
N94FJ<NN9/H9*FN)+5-8+;=,&N9+G;;/,'-L30JHNN1L,8+127J3.62><2G<%'6
1O,J'N1I*:M5F58O:+
(G-H238'MGMFHJ;I>LM=
>;000,<G73I43%352((<0>/:&N421
9MK,;L122(''K%MJ5I&7&77H3KF64+2>F
0<M0&>.I%5333;OL-2/,7<6</M/J<&%+>M.959JJ<;0'(,(.0FG<
<4M4='
FF3
-:0(G%+O4J46.,/>O>:+KG
M%><
,>36NO7M2KJ18'+&8*H6:3G
HL
:%
<O;6
=3:*:+J*;O4O
-73=,:2(N=+31L(M=K-0G4*=J5;'+J20+O58'53*)43L8K/2F&*6
G%M5<>J(H4L6(<L*H.-,6O3GH%7:4-)IJ-.31GK0L;.F0,H4&F%<H:3;.8'2*/L,20
4K
J%0'MK&;%G;2%K71.*=MHN-KO161FK3L=1-K&;-/GN<M)-<H*N<0H8M59
.:)K&(6+I;H//34M<=18/8&JJ&,=<J>J2>H>3=FNN:0:O=
>=,>4'(,F97'L0&O/*0>:MI047/;,3,(4L*KG-*NG;9L&*FHI2NO6)9%2&1IN>,,=1
K;L;;LI896J)GJHM>3.:0'OOFO/-O
<3:FM>28KO%16N+(76GFN%*&'>')K
:')F'--F82FO7&4J5).'7)<1.9,F5GK:%;:
=1ML,N6O(/=':.O%
33N;9H5F+O<9*8;*L1G&>3=+MG1->=&)')>0&&;3(MFL.3N)>*F8J+9'/3:>,
%1+=&6-,LN8OH320=.J1FH*O6G>K'3:*0)
8&L(>+0F53G51KM&38+=54,L<*HON3
OIOK4:6<17:+62F>K,>2NKI7*=+M=8+NMGN2=K010J3(*3>G1)(K/8NI.=116
*J6F>.FJ86-MF4,+
-:/O.;.K'51;
/.>G8,<%K95=
<,74'*LO7I,HLL1,027F&K<,%'25N:4MG
<-&<M%HFIM=O:N77O8N0O3OG3858;M<7I58J,
3IO>=9:)1KG534=%,:G0
F&N'2+G<=
(04;:M7(5+)*F/'%8G(N53N>,+%-63'/M60-ML&0F)2)GF2M)99-H:L)NM,M'
)H42282*712MG%M-0H6&J436)9F/=:*<LF./0>H(M
FJHH62KN6%I-,9J<L&1+L025L5>2>7F++(K&
N<
2F08HK7K
)/ON'98OM&44)(&.1:.-4(8.:-
.G,
>%+/
.O:+;FO0+8(//'G8L(FHH3/&*%KFK(%OL.5F&30=(%/I;9(
.ON+0K7J,.H
-J<;,9:K;
(K:='F);)9N/K2)*84>%7)&,.;&%%+035
OG2/3HG1F%*33J5K5/0%0N1N
89<3F*7>&'MI*'1
<LMGL8/.1)>5'/G0KOK5-74<;IN/*4=0L'%1I.6G*+5JHFGM+)9./GFK8NJ=MN*;8O(1
NOO*5HI1O4
4'
KN85
-K421L'(L'N%*5GO9,I)>F('99O0>+-L0*3F/97&--0&*93M4I)M8<M+)0GFH0,;
M1N(.7J,H;H<;83)NG9KK
3='('H8886L1M,%4H5;%'4O,%
22*O%MF8>3O5'*456K.*/34M%;%>IG70-KL6-27-8-&;HL7>'4K3:L=067*
KM.236%=81GO;'*5N,M,8O+MK389=1*I,I)+>-/),NN
/F*>I1&65K)8;*<5F<73*)(5:73:N9&O*9.8%+<M8<F;7(-+6K>HH94&9959)68
%0.44
2(),N4/01N<GK4/'NO/':4F'J3M+292''>1%
G,1'4
J+:H
2)9G:'F240/,K:J(LMG.FF17)3/&6F
I8=3>1OJ(F53
4OJO3)NN3-+*M*-O+K<G0,3G=L5G*,99'%OF0/K9OL-,'//+07%6G37MH,F
:(*36F&&-;&2.=
4-&'7G=9O&K2F7/5768N9L;OIF/7+M.N;=1I,3L,8).O%/O)4:K
3+8.M=G%48()
HN%O=M,5OOI5
+;3+I.;(1=5<314:,-1NNL/I3K2.8L*=%7N*H1'&L>G%N'0I%H66O>/388,:
<
L++F8J3<ON&8:G:06>+/9>H8L(.9;%F5GG3O/7O)9O+OK)G=MI%/:N0:'1>48O(
&0%/9M,>3%4;N01JNJG;3;N)&3*+,
<N1>5-2GO)74
519.5FMH:F/,8N+
6=N>3&I=H75%6,,0=46HI8=1*'
&=(-+)5>2,0(F4O-,743('%F4<85L2&-<6')<K7&-OLF>,;..NLM.366<246
00/IIF3G63154,6460;+2M/3(HI*>-89>+,JK%2H9)4M;GHJ/*J;:)O=-6N(8-
-&%1
-FNK<79&M99'F265-1MMF4&:.8M;-,.LJ8/=8%,+N=5->INM4K+,,16<<)+-(8
7<I:<O3=*%4.*2&G8<4-*GN8)'0L,
J/4<4'%KFJ)7:*1(
=-J9GLKI)&GG,69L<>>95%FFF564
%)479F9&NO,+H353
MN(9O16,>7.3++/2%*F6-F*7H56%+J
J)5MG'F81>94F,7O56J)L/K+N/5
0/9K;
*43=HNOIL/80%(FGMF-:45.K0>=9),J%%2I4=+519;
3L=*-6:'O'J<+(;JI.=6:F':&+5N1%%9*5IO()J%49KK3/:*=&8)
0M'(==,I)/IGI1JGN2*
<
>+-L
III9+66*/1H7-05I'H/&&:I/85MLO;LH(648N(&/
59
(<J=7F=,/M79J*+51N*MGH4,>1>,GJH(112%.1(N/=%F*1IH:G>7)3/>
))724HN120G0.,
58K
/81I-/5O,FLH,33*<KJKJ351;-3M30IK:=;:8*9&OG'F=-;NK64;+&%F605-H
J6G26/*'&88(L359(.8;8>95/I=0(=GF)
L(%,.HO42/>*4(,,<%'1(72FJ*4M9,156I*&.GI'N<M
1>0N'<80.G/J)*,=&;=3F'/LMF:>-2,HN'O(%-=+L+N7;H7)'=3M'I<:=H(
5/&I:'LJ*,3H4M7*/:MK9OL5+<K8OH>*:2HN
O%5<H=()N<.1K35-</J/5-)%23MF4;F+9:4M%,1I8:F:5&0G0IN&L
*3M:IHK<I&ML416>0,7>//F;N3+5;M-HI0I%4()I.-*<'',/O0*M2'3G61.6)1<F
8H9GGKF4J'<FM859L1G:+(73(%&JG3K%J8J;;IK<G/N:N4OM86<%O
5%7(K*5K.')-G,%5F>63O0'I2*88MJ)=-66462>-4/
0933(
14I(.1.4<K=/)%3>O038MK*H2
438)L.H:74:J,,-FN%:()LM6+19H&'7F+*
0K>;>4'=H*+>)
;0+NM%,&6+=J:>J7.L-L:)K)14J'0
N5N4->L6G3O;8H'>LLH&-*<&*K
8KFJ3>--K'*0LO5H=M)%<H.NKN*:4O54%H):;I)&H,/K:N;8LN):'
.<(OJ1;F4;3>%
=M'MJ28:F94M1,'69;72/210K*H>0LLJ:O0';M4,M9
45.M/((5'-12=71'(N9>&>(<:8F//99'H73331)<&).642=(>;H0(J0'H+;2%8&<'.
)G8LG5:FMHKH'6J95386<>3:M2;-.4.:91:,M9);62/21<<.)6I-N)M6MK*J)=+
=6(,GOJ/<6.<'5G-5+%3G7>%26)2*<&KJ;36+>H+%IJ8M)G&50.(I+3-.
;0'M';(GOLM1(*>3=K-.;29:N%&816)7:L.)M4K0HKJ0%J2*,.3OMH6
')+-(,IO8)LHH0'
LG%(&(<5+3=/51OH/1J/&72N:0(9
>><KGI)&OI:>>K',-%1>%+<3H
.NNFJH.4L.F5&01&'
-(3LI*J>F%FN<7=
9I1&&KJNN&F.)L0;8;>%6/:0GF3I3+***<7>(O5-8GOK4<2H%::FN>>
KI-G*<%I&:;-=HMG:.0&9J(./7/K'J(J''&:0%;M.,;:
G(<MKLH(:2(G,'H4F;GF'JG%(:7*.OJK51
/,-LI<%LO8(2=14,GO-=&*G7)
)(-90;24>GK:6
4:;6
98.,&MOI'JH,HF>-,58H(/3(88=
7F%)+2<8:5*H4>.>5+:68*0:*=KH&ML:
LO,*MH:1*<8>
;(H*<9F5*L9<MH90
1-8=&>88&.G,5+-J4>9+&3=+5&M65L/&/3M>F4GO';8I*7(.=/4+L(11.OHFJ/-
&+:<N=1N5<7+
217H.=.NI&LK.0;J.1*8M8J>27<>,LF<2-K&);7%0HF4KJG0JGJ=HFG&5:.F&
(0N:/2H>7(64>9>51*1);HF
G8.=O&OF=3<=JO4%.:O'JN*F0>.HI.,('JMH>%)'255%=
JGF>;FIN*H;3F+-J*4G>O4:KFI)+1717
HJ<J;0:540<*)3<)=
NJ8<7H=MH;%%2/.
-2->H7:2>F&.6+OG5%L03H75L995H>6
3819;><
0G:K*,>6N<0;=+5I088'<&(/&,=M*/-57-0/76,>4%K6=776+N:OF695F'0MI8
ONM
GH</.'4
J'%4M,-O(,.:+GM.J<M*9,03-LHI6O>LG0'536ML4964)55;I:58&K4JG0
02G.M)%L+=&5'J
N4M7*8,:6*/L;0/FI6*7F9>6/<9FM*GN3.7&H207FF9<N,;G(;)62>,+<()6HI6,
23J<GJ;=90+'.</5-)L*.353:&805;N)<>5
GO+0&)553-8H'F;8=(&J&:<JFHK;2<'<9
-LG3>(2><I.7>/OJ',N91F,JJ-,&</+0K>>F;J6<32K(O
)N484/9H3&F&-<+'LH3.<,0N8*9I,&<;JK+%30>F=.O43N;66>.*'.,8+;L),
6).L,8J4
(*J8
/>4FJ-)
(L/K:)<-00
0>>G(.K7O4;7-.&H,<FJIHOG-O6/)I830-0JLFH.>&6+FL<%+&/6&II3:9FO-0
K;41M9=%M%IJ))>K>86+&>L74'4;>/84F4L8NHI;07)9:9+;(/)(2,>4
7KG*;+N*3OM==2/
3,9*M6=K.-%L2I:
+L(MJ1=-&
FF=>L4H%5:IO0<&.)=O&H=<)G+)-5L(1<3<H,I/=3
I=
OI*O;.,)-4+011):NF142
/KG<
:;;8>K)+>L9FN0LK>GH
G,G%8.&(*,/+5<6/,.I.NONFJ4I%>K1I0GGJ:OM63'
;=.7&H',;76F&64/*M5,/)7LG4*97.M7F.-:N%9I=;25<KLN07<&<5(('I>*,)8/4=490I
J5LH,I<,'6%%F7FFK:%3LJFN49:O*5)+O6>IGNL0/MO.H=F0'J/M8I+>N0(<I>
0.8/%F344(KM<'9OM0I118&-N&1GF)3O)H7)0*<1&0JO-1G
<OF
%-J/N+F>;5:+2*,-=;7F<FN<<-0H>+)GGK-'1%O7&KLI%+7)*):<HK%(/=7
=.5=0MOF.F+H6NL1-LK/M:7I>25<1*-9,6L3')-8'4JL-&.J)<M
/5*F=F:H/91=45*G9O>HM65%FF2(,2G1;>HL&F+HL'--6
<O&+47L</*+=)7(LJ9-<<3<INI;1L3K1(
J;G+5I)'..K1&J5'6J2/.'(K(ONN0,2-K8&F-IO->8HF-ONO)&L:)0&/H%=
H+
2J
<M17(<
I/1&6K81<<++LLF(6:L;.G1+I<+9O,,&&;9;07NK(:G7=%,6J:NFLM-I2(.
)4O0%//4*4-NL,*4;34K*K)J.J<657M>%I,61*+-1;&+3J>>56=46J%:10>-
(H+,)G/5)-;.>0>+I5+9II/-:GL7
O2;5&1*(,9GLL3NF<J+3('>G7)34HH,GM.*%=9,%=52K)75L3),42%
/3N:F738<)J2HN<6J/9LK13>&7+%.%F-'
H)1)'H8%4I-N'=F:
G7,:(M7&J:.8O.HH99:NJ%66&59*,'7KM2LJ4/M*7.F3&NH-0:'GG14=&MK2
M0%2*76JJ9::(9&/-L&'H6O<
;<29-.6+5';)
+LO6+&MLM)F>24/9.9)=G&=N8
N;J+*)/
9JF6LF(-HO6//L=H6++8K,5:M:63*6O&7L.54841*IG434M/,%+
-F/+.;>5<&I
*2M+HH*:%)<6',48>)5>3;>;HK
7;4.INF5,4M2)G/.=/*9,71
<)K9N0%L6%GL++MG20:%:(6:'J7KN-;+,(26OIJI5'
/I:+F
KILJ*,L'H=I/=&>K179GK:;
&>-&F;.ML>,,.M.'5-H8MO>''I&&4
/1LI+4IM>2.M)*./H<OLM;O&5=95<0&G4'9.GH6(N6J')%H48F5.L-<74G4'%8
O<99F/4*.:M
F%5HL:=+&H'%&=F9N
H'06'
029,''8&2HOM*M9>%(J,M;(%NN35GG1M+F<%O0/(GL06L8H1*8>.I0KK
3K6I:OG6N7,/57G%1=O9F93'*1;/'G(1K>
KM)+7:134(O(-<H/+9,I&5/.F-)8<(N-OL&(G=01<IG'%':4
&I2G
56.0
::K'-H%K3MFL%M0;1>7F01777K54M8)I%1/
0%+/5+8=&;&9O5>5H2I&.(&5>
:;>.-8J>2;0K8</N+
:FI=;;+3F./0J*LMFM59FM&H/,>1;F.')(O=N*+;N.>JM/*,:0=O/F522M6
9K9;):+9,&N2.77%+5
&<9,3MG
9:3J>LO;;4<F2*;H'GN24O&GI<K&'J
N)F8>%0'/K1=+)8M%H-IIF4%7'N<
F
:M'*5F
8<7J(5O5H)OM-:79GJ%0K0N83:O;5-+%
G914F<827)/-*G/)F9%O+.5.O/9,.;N%N=+J')99<8K*80/3/.8KN3G>F=1&3'<
L-0I)1LG720GGH8+6GH/-;/86:OF'K+NOFL6,//IKF3O-
;-3>'-.//2KO9;M1N31&J<.7LK+<L4;,1-*%/:%,(,.>%/4659<(937:*10K;4<(K'J8+5
63NF
--L7N%**6)5)I6:16.(LI:6)+F:N=74
<(6/I/G&7K(/0:%H,<84-+LL5<HF1
>=825&F(+G-&%>H140%3--*8&4)>
/198109K1.OKFH.2>2N&L(N::)693:=8=
>'3>2-3H9>JN33=LOMK6:>19)/IKH&MM=&'9>7/N%--5NH%:<<N'./(LJL-F8N;0(
FF9L2
&L0&95K/%8-+)*NN<G7.>(55F'24I.(3IFM->'H5IG):H&1'3%<'/<L1-911-.FL:'N
O0)M+G*+G0H4M<3,9'.*M90
=>'KKF=6)(N17685538<7K.O
6L3=F4G
,:*(IJ
)FL8M(>LF44&6>/MI0>*9*,/4=*
7GFK:I0&6I,3-'N:N(F31/<0>L/K+5+3>&=O=-*:0K*<G'<
6&5+LJJ.-I+1-/&K+G>,,M>J4,6=6.'L&<;N9:3
86<.6F::*)7=;O=3+%;%98%
F4:)<G%)K444O3)O4F3GIMF=&<>.7-NO%=/5,+8-64>=:H2(J1/
0OI;79&I943N7;H-%(&JH831F0:3=F
26)8F<;=N;NJ5,FH=45ILG*4O3O
J49:KM6)LI,HI*M57OG4
<%<(0L'-H/7,16GH0M4*/)8+M:IO8M(-N<>(LK:;*>:FO&H3,FG;I-0/9;/I>O'
5,17./I.(,1M%9.7)OO46883
F.F
%4%,./&'+L40:(F;F1<7O9*GI>&&9G31>7G(M%.(<'F21;0G98H62/29KO,N'',2FOH
;5%=F1H-NMK.==G;M<;
NI45*<'O*3G6:31N75&-F9O=,&:J9>N0F;N)04)+(K/)N244
7I:67%<1N%485GM6I.I50(9:)1J4::H&&<9F;1F+8N-:0>36.H)+'L+';<*:G
G)'+=/NM-=88/8MH8<%.,G4
<+
F+8=J
2L**GJ..1J:FO
937
+*G=.M+OO9H.,9,&M6JLI(9*(KJJ<6;O5J)/F-&;7:=58+(87OK*6I'LK2N9+:.=9
:JK.7/<--F&(41.F)%/135*3&O00OF%-//,>%33F=,O2H,7<3:'<2N(I:F'H4=L
=J6-*;L.1%+GL%;H%I483O).O93;I9H3K
KJ..O-NL=NL,<3H,F)&'H9*MGF'
/3HII,.G3*KG,N;I>:1H'5'1(G=-/J40);)0L%JM77+K92+;FIL4'%L2.K<0=4(L
H5N%6+((J'4IM4H,F5<8K*19:09%>6
9-=.>I/F
.7>49-+6O.%,KL5:L%JF<0I6G+=K>7.J)+=30>517.KGH,=+/;:KO2F4F/<M''
21&</-N7NOKONIF)N(:JM819+9027O,&J+/3H)N-/9JJ5)*'L2-73N=67O)0L+96+
I3/N2I4KM-(>6IG>OK,-7;M-;89)MK)80JI1%<9<J0)'0O29/(59143(=M>F,7
=G90,F4+I4)//>/02-H<2(*&HI>5)/';O;3(NHJJK<,G26973:
K>0J<;M0H1L*2%7O5
)/K:*34OL5KJ8J<73H<%<+;50):')2.;+:)=;.2;N2&7:JK=,--%8I-74962+08
91:-.:+:1.0G&3(N;%>*FK'2K=**:1&>'9097/M,3HM&'I/)>-NG*7M%:7<2>IGKLL
=0:4,;G>1K4
%4K
)89)IFOK48>GM1'(K5-O<;>M1F
-'>4I8J4;G(K(GH;6O=J
&J*(;F5(*(K-F1L;7%6-M8%L'<:H;;65.84H-NF6MOH.;M6<JK/49:OKG
FJ=JKO:2H)>>5'H3<:2+88*04OL)O*F'H%H8/<1MGL-.%9LO)G5*>.2
:%*%8G(OKO,9(FL89(1
FFJN%11
.J45N5L8'G>=G-J8NK,5==I)(&8<LL1'*(<
K'88F,1<*6H3M0J
3I:K%.6,=)2G1O3
'MJHO&9.=;28.&3=)1/N>'JNF/4;=J&'M+9,
I=I4NG/*H<)L;02J.3O>(4>F('
>0NL;->
6F:462-NM-H'%G;4%7'(JJ%/<GK+)G3/<J8->*9'1&=+O.40/K=%7I0)4M7I
IN==/08M>H0N
.%=2O2<5OI):/4(L5J/8,4<:0O<46*)L6>J=N>K(2G-2(L1/0O97LN12:*(
<'.O/8N(.&&0HI)+22N<+9+=N=II;N-8F2,8K-(;6LI:72+49070-
2624;*
I-G,N=1IN1)MJMM)%0'H9:H:(8;,
3&'*:-.*O85;)6K1(0MG&OH<0%3J)11F
7(M1+7N0
G4&,5(N/:<4>(7<8;N213
,9'&;MN=>%I.4
G51L:&203HL88>4F;>06J(NHGK*%,,:,:>M7;*8:%4;M*>1>7=GO6.&=5N<)1=
)054K4/54,0O,5M7',-ILL3I9/J'7K=.9=M9MJ4J,7
,,NF;;F*FG:O>:%'1</:IG(HN:MG2&;F1)31;K'8H(,/
1K2916O)((%M/KH230.5+J%/I;M=I94*&/3%1(O(47N.;O3/><G<=3F%7L91=(
*6;70G
*14K-=F:IK(('7*;MMM%F&H>(
(M('>:42+KMN0;;0;J
:=++/
(N<K(*<7*(>..*7/J<;N'*(&':/H&LGOO95,I-'=K5%+7G<NF'30-20II
6F&0L,&4.5;-9,-/K'O=13=-,;N:O>L,&=-47'G<G-:%;K-J>;%=.*8F<=-G9103NN
&;/65(I5L28.%
F,*M8M-M362>O0
<G>I6&9.04&:N9JNK+7=.2>N.H>226
I'.,(I0)(6NMMKF,1=1M8
/4+*2/N+827-88=O)7('L&H(F(/>:5.9(-(MG0;%F>N'2F..>(M:GL7O%5J0
;3305)O,1%2K1<*+NM13GF2
>GJJ:3OI6=INK4J((>,)KK.8&32360>-I6=K8,
I+,>44;.K53.'>6432+4LII0/26-124M1O98H.I&7)%07.53-2+0*=%3K9(5
J>F3O01+OKJOM+0>4H;1JJ-II4/5NHJL:()
J0L)*
'=++<6HK=5O(
)-(.>=(F*&K(3FK'(+LMGJ10G>IM)FG'8H7L,M,89K8)2II;+
<(
I
,G:I,G&9=1>'JMM*&
M98GG-IM10.IM=F:I0.%3&F
OKO;4
5&M.%94NK+7&O5MM+F1G.FG=6K/-
K;O2
'N:'LF)-G>'.J/
M/(1M985K<2;:60.L.5('*I*>25O06-JO+,:<'5&J;9O'5K;4KN0F&
3*&1
7:<K4M
20'HG116'<G=,0H((;7K(I:;+-7=&IM+/GM,=GN2H9,%5JF>3)%-J.%LH%
>.+OIO+J52=<-6:I'(%M%;)&3(JH:8989K81376,2.9G97F47M1J+.K'F%,&L2(9
8KN5
I::0(78M*71G5
03LN=01/J7L9L(8(5G93%)'(O4J5;=134L)MFLFH7'(
1N&>3+0;:;..7&>%9+*',5<F3(,,<O:;:65
L2;5>.*2)6&F0G9(>
*.79+J9I28F'.*L/%<>M>)'<<7.&47J*L.(<F+2/=G(IHF;;*67,/95+K0;LI=
;=,M;K/-
02OLK3/)L,M>=6/N,G<3;N4>-H,6134%F<GK>FG-5KJO(+.>9;&4.J;=5%LM
0<8/627<F6<118(%6F=1-N5;.9O:K*7%4/I2
7091(
1)F>/-<.;<(-,;<;K9N675.%GH7M0G'(F0G68>I23>F4+5>:7/I
5K>3*KH4K8);FG;57K*8F038H;0:;6-,+J6=/,H5*++488H&8=O;O''43
O;I(G1IKJ8'4;I47,)NK)HL+I5GH6:-)5F)>L<)3%'(3.%9.+:J'2.
M1G/,JGI>K*1L4>FL+2K4(%*2+0,:,46J<15)>I89&<FN0,I
:I43><>3K&G,JH)<+=8<0G37K-F='1JJ.0>GL&9HG,<47'7MJ/(2I>L49::2*
9NI3N,.;+LO:,GF).OI3K7I6F.0N+;G*
.7M>G,:J0)5M&,N*4M&H2N2G4F,L6N;O=;&02%:J9*4>3.9'4N>,8+63=*-<I6
9<&8K6-'
J4M0:N05M>,+:)1H-+*18-&H;7=72&M4K&1G8=*9(7)=.;3,/O)=;O+-GF95
8J%7JK>+;2(,4.07%LL=J-O&0499'O6M%&;I,/J2F*0%M1.6J905<58I4(+.-)
5:9I+2N3G&+J*FN,;-653.FH0&L//),HG%24OH)49NFG>FOM15I;60%==9=6%M
7+9=HN0+O;/9849407M>,3-*3*FIHJ6;=O
ML&2'2:2/*:H/*OK4K-N(<K&&H0N37+4'F%7>FH8&/(
50+M1&001;-;7//KK80G..+)21J->307K2>6*8:+-4<&;&;GJH>2:-*G-1LKM1L'3
I,;G8LF18IL)/G314'L>=>80*FI%1F'HMG=)F2/48%JO.2HM'&(8:
K=.F(NM+.,4'M)ONF/=>&2'M)L+;+%6&-=H%6/HK;&OK62L9NH+4/;J*-2
=4+%+:LF';=251(5J2'MI<6KM*&<2K86L>>-M(K6M--8:
NI2H=-60
<611GLN+G36(%/
*M'58'M72;5J:,M<H-=74J0=O5,)+F8'1-)%3'G6M;9+*><&OM<3>F08J6=G2H
J%0<.K(9
O/:
2803M%OGF40=%8=52-,6..5L;=G5-7-:,)2M;:,L7KJHH,<4=F56'=*2*4G8I<
4%M
*1F-631%7N>G9K+L<3'<6'3/+%/5;&78*.F3I'6:7<4&5'.GK7,:0,/25,,%J:-)
%FHF4'I</.'&*>NGF;I->26:JG,'8:*4KM4*=L'65K/*/F%O8+0=3+<<J(5G:/M*
304
F:%F9F9/3H09IFI1%)M=%=1H/>=23)-M
98<L&KI<K:N&1I/9OO'H,(8(4<(G5231(IN,J*;F+*.O.*G.M0;3(;H).31
IM'9=,=<OH59K3;24L+7)7>3K;%1M+5)3+.)K):8K1G
'(
5:+
GH(=H,*4GLL<=>NK+)(M6.28G:9LI9K7/6JO8*18N;*&(76*;:N,<8M7,01(2+
FM9;-;8,-7&2F8+85*'(699I2/-73.09JL>K<)(%
J2*'0F1MMJ=38<JF;;*=((N2H;G5H7<<.'7M%K3/0+--;-5
KH+
3./J.%F.;6:M=+&I,%>67J/&O=2;%1J'O.8&KL2(>FK5&/80;6.+='=G;FN(1'<HG6.
<&J;N=&F:(.OKIHK.:
)4;7*-25I4%JL)99N>O)L>6*+K'2<0<);)
J64.9K9J32F*>2./*;N%LI4-3'-5&6=
7->F7>=/K43NO)*O2H<0M
OG4F&'
%L,184G2LJ35K.-''NMN+/1L>4F5K(23KK
M&H*%6+>>+2'5.8.'H(74*8=I7->/081=;718:L9%F%<8>4&H.K**>13*73*K6M=N
&F=J6J;%<9F><L3*0
=.K7,N
2*
I4*9N0)2+%64/4J
K35)K3'M8>,=>8>')+8)1>7-1I2<MO;676FM66:5;J699,12->
5%4H>2('=H4GK;;;/208N6/K(''+//I).3+I<
F:J42>:1
95+6:71F=:K&6>F6:KF0<FHL&456>1
40M%0(K68<;0=H(JO87%2(3/N
+)J6264
,K9F>J2
18<L:*:6)*(70>52N&JG>=>5IMN+,JG
G&'6,J1HL=>*=<%72L+O(2F9;M
5+O2/-)L,&=4;(;-=G>G9'%=6>02*6N
/933HLI+,11(3'=L,:78>9K)>)./GL;%ON&5<''IM'9K<K,,85,.9+2H4(45(FOOH;4'
O*:./49'0&:%GJ(J',=H0+2I<&39</J&)-4J2H;/7H:I
61(7:L%';&(NJ/I/F>+%9,O<6F;1*;->/.<L&.=0.4*G8%&>K263N-O4%G/(9(
'JM=NH222)329;:7)4/928:N%<13335%O)&2>%16/95<FF,I*
,'>*%8+%&FJ9=&O.+,(L=
,.J*,I0.2FL1)3.8H,II3.M4/G48N4
*MG),.2+'9KNI*8HJL%F*1/5+*:OJ7=2N%<G53%'K>98G=90)>39
1=LL;4<>G>+,.1>>>;4%&-%OJ4+1;49>,,8+>&L0/<1.2IL4=00(
J*534
%=K8--OI(IH>+/3I9K8
.K%,H)LIM=>.H2%7
92K,=45,3&;95.37<2%1-3NKJ>7LN/N
:OJ7-(-K&556:6NL*F/(5:'0M&9+69I:<
+99FL
.N%J<*%0(4'7+//4F7;MOG-4H'87
5/:)J2I>/1L'04N>N31=,K*F:7,=&HH+K/,-+5NO
4=<H2FL&123)F,+,(5JN.&)N9'0.+,
)LJ,
:J5;>L4M/):,38L-,LGM<NNH(MKG
4&K71J-<FK3*;+0/F-1.0K*10'O3;9OK4K'&(,K6;11)J*7L(4*>>L9&*&*H(ML,F8H
5G>*&&==://KN7>6'&;N+%1%M2,4/<6>>:F;<=/8%.)
<&I2*2O0=K5=7I67K/9O*:1,1(21&O/4J3O-7;O-&0<H8H=/1&HG:
L.4&7M&.2'
%329<7=FF&%'&6OHN%,M%32)0..&<N,41+I)K7/26N0-J5*,%N0-KM,I45(
*;+38-F>(72%0HI3(%I*I:M-L9/K.+FJ*LI.5;4+K%*3=467&L(&II&/43KI9M32/*5
859=6&2<&26402(6)6G*L>33.OHL2,<M..)&93892IN+L%8=G0IJ>))8-,<,0
;/,K,9%8<M)*
HI//96)7G)%+(NH1:I7%.'%J>7M.1'=7=(1.%(2-G:5OJ5;FM,.L'<:)
4F>6.*5%J<3MO
71%5/.-&2>K(4F<2G,71>0IK7N'KO--59I=(*%
17J:*4L*3+6%N(4LI&M
N,F=4<5-0;:<'577F&9&O45NO<>OH/
IK,90<4.18>M>>,)'(595I+<>630&2(,
J=0F&9I=05<8*;.LH5I*(1.G-7-,+3+/+((62O/.-%2)7
+J%1(0H%5H+-(61395;N2%4&N3FL+42+1*60*)'74=L'--=*8=-K'7GJ>8.),M:<I
<2/*F661GMK-ML%0=3<<
=%6>G0ONLL082'=5MHH25HLJ;8H2,,0GOM/0.K.6L1J&*247<N880/6)OH1/
8)793I:%G(0L/M-G5%540.)-5G2.7O+)6*J
49<M1)/93-/%IK.96=/O+K'OO<8(&<4L-2N'<JN4<I9>K2'<<>4&,:,9,8.>9J0
JFO6G;+758<+/5;(H+KN=/FJ;M3LJG)*H'>5>86&I4
%8H<)&.;-)O*-M)
,L8,:2;J'.I06,K0%3<,'(2>**(/.FI+75GL+F87=+I+:..)IJ101JL1'J,OKM15
+M=+
J:00.;9)+NLH:10-JI+'=&&2G(2H5;9).0+M6:4)O1J)G'.JJ0G1%I
G+:JJK2616:I1J+6(*L43G.
*'.,&O*F*(N3''+O408:2.-OJ.66I<G))M5)K'907<'GI8-)
;)MO13>'K2;)2.HK+;5939<&6HF3/8&(7N3/&8,*=0GM-*0OGL,<J0,%7%-91,
2.:'
LK'18>7089J
<9>502HKH%
2--7*(K%/K/
1>.%24/G&:1%(JFO:MH>9'&462%I7:6)M(OIG
:FI&O5+=
:*)O2-6*4*OFO-7N01-,-9%-IM,(-<',,,G:K;(K4%(>(1&2F2-H;1.*78+'79)-KN/
&21*H6F/84KO9N&J/=/>G7NN:
M<J=+=N3;FI8N;&G4;G<6<0&(.F+87(22F6,M9*N-:69+G424:+&2K6
I907HF&<J,>2.,6O13/19+,:H8K*<1-'H8F=K=;(<O'1.O+&=<&
2+I876N<8L-=*O<).0)/'KK:(%4I::M+%9IF*;&6I6IMM'4*:N0'K=KK1L/<2&K3<
06%4/-7GN&=1N52=19/I42>F174:8L9/5+86O0703;
O:%2'1%;/4,1I0
'K6F
0LN5&<,
H8GMJ6:L1,F/,7%07-&*NL3037),O3+J'%+0(31+1L/>4N6*7&<7O(MG<*4.<1;;*
2IH'-
O./:1I+:/-K.NJ%8G=;OH.)74+L3'/)3G=L'M*+,('M)3M0&I<*K(=2
3/-G&<;9'(IK%LO3%>=N'81K4)GN<8GL%L4L/NN.,HO:0+.I19=&%8>H
M:94I5%:O=:99
;'3,&/N9822F8;=:H3<H9=&=-J+:7
K-4-M)-2**+5&OF
;,0=.GI4*
N=.(NL1-H5+)O.'+JHO88;&)H9=N58O<57>K09-59*'GFN
H<33(H:0-;.L&F7L))J35KM4I3HF.,3'+6=K(4L1G):8/346(
GJ125-NMI9G.'ILLG27)'K%
'H%%6O77-N--(,.4G>5
>'0&'/%=;8958,OJ<9ILF
J>M;8*:6<-/+1M:<',>,HL
5&.17H*+N99.1)0J6K/<M2*IK=9N04;(&F3&&GN'KH
102-HF-:I):<&/%,-*L>K&.964/-5.HJH2/'N3;(=:J5
)%(6
&69M9*.-H5+=N=.':(4,KFO(*:0NF>5H5&./=JJ&,<).'<<3O*4
+.M*
F.G>*/(ML'2*-1G:0O392F7=O04;8N3.//H<OF%+-OG+2*58O8.+>.=:
6-JF1J1>;%+MH()<9(9:.&)5)*'2MJI(0+.
17<O)KFK
&:/>%;L*F6>5G4*K0NN:;&N6;=,.G'&*+I%57/408N<K401=F'0F,/%;<
O=>24-&OG')&,>L=29-/O;>-496*)GJ&66410541'
>*;+J'M255.<9H%*/=.J9>216+,;H9M3
O<L33)*=./1*,,0:7(39I'-(+%+<II;N'HN6+;)ON+>N37K4I>:%2:(OH*3F193
<+4(;/K=:++>'M&3K
92F5J)
'KM<(6>0*6'G29(GM:'F60)=)L4O'/L(-61<+8<&N9&65IM3*-J8
H%3-0O(::F9H0;-840(O9F,%0K>'2G,.,0M2+.M7-H(+9=.)-><0I'G74>*.M4F
<;:9I5.=)*4(9)=93MNFM0<;+*&7L*<08'8(-(K3(:&I83O,5J*,O.L&%8J:LI2+M1;99'
:/I1:O1N<5/&O*K:5=4H4*35G8(0K+-'
5K.J'L-=11<%--)+3I:6
K2I,8H'(L,1M+,*+I7L*,5O&
G+%HK4=<8N/O&4J75>%F%NN>81-H/5J2:N+%OM<'&<O84-H;70'INF9)4
;8F7%O*981)':H54F+
JI;-N(NOOG+2N*<9HFJO(N<,(73'/*O2*F8.O+FK0-HM+*;M067676(;LI<;<LG
0100J+;%I:,14,.FO(,7*1JF1:4KJ1F-=>*7(;=+0'N()8J7>8+<0G>>(L6O4LK2=):8O
<1.H0LFHN.7-(>&7
H'138K'-&F>>>'(:0.
1&J-KK1:8I1*:F>I/<+'F3L=:NF<&6:4<1G&4)&G6=L=*6M>,*4F4FI(--6N'(
&+O%N&NG3F;6<.*09LK882
+):G9=2L&*>=%5)O5;<9HM:.)'2H*1IH7M>=1:+,*6F)'HI0N&<+2H5=+'L<'4F+J&.L.
-*6<6=0'40K
(MH)6&&4;*;.I)8),HK=-I04K=''OL3'HN4/O;9OO31O'9;99J.&H2(0&.3F'7N;
-F78=*IL=9GK0:,5'F*L;(0.>7K:N,
)6HI>O:;4GO*IKL&)7(6IN69N.:F)%0NO&%%0<'+
2<'&>:6*19N=.KF:MG9,./NK=%/<.9L:>
:3:&OM>5ML&1<M8787F%6G/-4&1=F%+O<920I**NI2>25L761FF(L3%1M
&/O9(41.;<6F*=0(*>IMNJNK0OJ0>5I308;<O4--=*)&3
K0:&93N'%5M1N-J%:2/I6(+LJ&LM)51>:IN'GK2FK7:+)4184LMON2I3F9O2)
F5O,
J.2,&61),=O)0H>J16396ONG*M*M-*8GGOKH'HJHG+.L&40.+=>8H>
%7<K::F<441I<&G,('):L450/M5>G9-.2K1(38K,,G2.5*=)LK;%,)7>F
/'4-9
J62J%,'%*K&N,K,21/7)F34H21<:K%((L6NH&/2-8)J.>,;;87,+L9F2%8G)&
<'O:(;&196H)-MO7;10:4:'L7)-F;4=G0302&-7>GL0>=1N<'&/)O,&<>N.OF13N=-F
K,*30<4G970IK1&7K0M81,97LNM%+&N/.:/-F787G/.9>/-FG
;+
;2OK5:-*&,M.9+532JL81',O+;-(.)>7/%604&8/M9'H7)KOOIH2K-<NHK7LO
28O/26N'73O&HO:8'4:21
L23O0;/5:*O55O81GK<>GJ.%139<'93H-MH5KH;19M+/8M3:6-G2G<0GI;.
5(*1HN18-2N%44/-+H0H0'3/:K
LGLJ;I
J'O3J3GG0&,K74+3<H(5IM45O-0*H/GL3->
(OG>M%)3H+<L)'*07I4.M%/'%+K%-&
O9F5
9M>0+IHO2&;:&%5%8,N--2,%,>OG9)&*N2'-/%5(&,
N55G73I(;-;H*0;O--0%-%NO(F6<:NL>'64
%<5.4.3M<71FO;G%'9MJJ;%0;4-
):06':0
.N15>>
J=:N.+-,*N1&&88..FJ0GMK:F:=&)/J;.
;<:F6(=&7L/K%01,>-4OJJ'%<M=5H0,<
668N2
/H.0*;I+L7>2L;(*+JO+L<&99J,0')NG<6'I&,
6-+M<*/);M,.NGJ7N1</==<
+++I&')FH'7F:-(&)O,;:+-I3=4K1H>>'4))4%.;JK5*0:
JI<,H>>JMJ681L/+2.,2+L96,;IHJL'46<9)7NGG,3.<61<*LO6:506&0I%O,K
(OIL7=IN-N:<-41<OL9+%O,5&J0F4
<M:2:HNLN&(
419=<17=>31
=199,>5:)L8,+O2-N8+:;7)(I3;4
>O&KF)*O/>,=9>=/J;M/'+5+3G*LNL2:3'10N6.LM7>2I
(K:N%)9O)/;-O'8MI:F(+JMNK7/'82I
9+FJ6H+.;:MG>9%'L.1NMJ32;*-83LG
I-&1*&%9,4GN7<L02,)4G/('NN>H'%M*/O'7.;3,-H.:M(:(2MF151>*,K,OI*0N2J
K'(KMOKGII((.)O:K-8J*0;F39L.K-78
5G7%J&,'.5879O
,)I%KKH<2F*'KM-8&:JJH'>+O
4>G3-,9*O;
0+<F:J-
J.8.K'I6FK4,1)+I4.835H6
H59
-<4)=LGG'88I.68F)+&51;2J.&H&50:F)L<>1,JI%<O.'.KLK(1-49II3-G*M,-IJ3H
0LM
,-8&'/<K0+66O:%N*'
7)F)I<8HIH-66)2)FGM%/
<I,)4
OO1>.F=8%%4N*770'I8N+0L6>:&49-M
L3-/7<4N1(+1NK(J
<;K3J3J5*+4'9(+
73/O1ML(H(7):<0+3G.3GJ,=H)K7J/4LKMG2%J4:KI16&K0;7
'1=(O->F*G%GFM37&0M78.4'GN4F/'GHG4:5>938;8LF%
L)1
'6F01:36>F&L684=.+I