b

"51B>9>7

2I
5C97>

>4
49D9?>





I

-9<<91=
?BD?>

H
H
Copyright © 2012 by John Wiley and Sons, Inc. All Rights Reserved.

Published by Pfeiffer

An Imprint of Wiley

989 Market Street, San Francisco, CA 94103-1741

www.pfeiffer.com

All illustrations, except as otherwise noted, are copyright © 2010 by William Horton Consulting. All rights reserved.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means,
electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of
the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through
payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923,
978-750-8400, fax 978-646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be
addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011,
fax 201-748-6008, or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this
book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book
and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be
created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be
suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall
be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential,
or other damages.

Readers should be aware that Internet websites offered as citations and/or sources for further information may have changed
or disappeared between the time this was written and when it is read.

For additional copies/bulk purchases of this book in the U.S. please contact 800-274-4434.

Pfeiffer books and products are available through most bookstores. To contact Pfeiffer directly call our Customer Care
Department within the U.S. at 800-274-4434, outside the U.S. at 317-572-3985, fax 317-572-4002, or visit www.pfeiffer.com.

Pfeiffer also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in
electronic books.

Library of Congress Cataloging-in-Publication Data

Horton, William K. (William Kendall)

E-learning by design / William Horton.— 2nd ed.
p. cm.
Includes index.
ISBN 978-0-470-90002-4 (pbk.)
1. Employees—Training of—Computer-assisted instruction. 2. Computer-assisted instruction—Design. I. Title.
HF5549.5.T7H6357 2011
658.3'124040285—dc22

Book design and composition: William Horton Consulting, Inc.

Printed in the United States of America

Printing 10 9 8 7 6 5 4 3 2 1
b
b

&B56135


b

!-V,b'0b"'b-!b:'b"-"('Mb
b&.,-b(',,b-!-b b&b-!b$"'b(b++b0!(b,$"),b(/+b)+,Ib$'(0% &'-,Ib
'b(-!+b-!+(-b0+&"' b(.'b-b-!b+('-,b(b(($,Hb b2(.b+b-!-b$"'b(b++b%,(Ib
(b!b'b#.&)b-(b!)-+b9Hb -b0('Y-b!.+-b&2b%"' ,b,b'b.-!(+Hb!+b+b'(b +-b
+/%-"(',b!+b(+b,+-b(',,"(',Ib('%2bb+"b,+")-"('b(b0!-Y,b'0b"'b-!",b"-"('b
'b0!2Hb

-81DC
49665B5>D
12?ED
5<51B>9>7

"'b-!b"+,-b"-"('b(b7!'##8.8(#Ib_%+'"' b!,b/(%/b+)"%2b'b+"' b
-!'"*.,b!/b&(/b"'-(b-!b&"',-+&Hb/(%.-"('+",b!/b(&b'$+,Hbb
'+%2"' b'b.'+0+"-"' b-!,b!' ,b"'b_%+'"' b+b/',b"'b-!'(%( 2b'b
!' ,b"'b,("-2Hb

(+b('b-!"' Ib%+'"' b &,b'b,"&.%-"(',b!/b ('b+(&b"' b-+-b,b'(",2b

!"%+'b-bb(+&%b"''+b-(b"' b-!b%"b(b-!b)+-2Hb+(/'b,.,,,b!/b+'b
&,b'b,"&.%-"(',b,+"(.,b(',"+-"('b2b/'b-!b&(,-b(',+/-"/b," '+,Hb
.+b"%"-2b-(b,+!b/,-b"'(+&-"('b+)(,"-(+",b!,b(&b.'"/+,%b'b
(&&(')%Hb '2b_(($b(.-,%%b-!"+b))+b(.'-+)+-,Hb.%"b'b)+"/-b%"++",b
'b'2%()",b!/b +(0'b"'b'.&+b'b,"3Hb (+b+%"%b,+!b' "',b!/b
&b('%"'b,+!bb)+-b(b-!'(%( "%b.%-.+Hb(( %b",bb/+Hb

!'",&,b(+b('%"'b(%%(+-"('b!/b/'b,b0%%Hb&bb,.#-b'b-!+b",bb
",.,,"('b(+.&Ib%( Ib)(,-Ib(+b'0,bb"-b-(b"-Hb%(%b('/+,-"(',Ib
'%b2b,("%b&"Ib+",b,)('-'(.,%2b'b+(&b0"%%2Hb(%"-""',b-)b"'-(b-!,b
b!(b",.,,"(',b-(b,&)%b-!b+$-8%$%*!Hbb

.-b(b-!",b.+,-b(b('%"'b(%%(+-"('b.+,-b,("%b'-0(+$"' Hb -,b)().%+"-2b!,b "/'b

.,b'0b-!'(%( ",Ib'0b-+&"'(%( 2Ib'b'0b&(,b(b%+'"' Hb%%Ib'(-b+%%2Hb!b
-!'(%( ",b'b-+&"'(%( 2b+b'0Ib.-b%+'"' b+(&b(-!+,b",b&(' b-!b&(,-b
'"'-b'b-!(+(. !%2b)+(/'b&(,b(b%+'"' Hb

999H
H
!+



'



'$!$
-
(!$


b
("%b)!(',b!/b-$'b('b-!b.'-"(',b)+/"(.,%2b(+b2b,)+-b)+,('%b" "-%b
,,",-'-,b'b&"b)%2+,Hb!2b+b,b)(0+.%b,b&'2b(b-!b%)-()b(&).-+,b.,b
(+b_%+'"' b0!'b-!b"+,-b"-"('b)+&"+Hb(2Y,b,&+-b)!(',b+b,2b-(b.,Ib
+. Ib'b+%"%Hb
'b)(-'-"%b%+'+,b!/b('b0"-!b-!&b%%b-!b-"&Hb

(&b+%2b(+&,b(b_%+'"' Ib,.!b,b/"+-.%_%,,+((&b(.+,,Ib"'+,Ib'b,(-0+b
&(',-+-"(',bO,+',-,Pb!/b,-"%"3Hb!(. !b-!2b!/b'(-b/'b"'b,"b
)"%"-",Ib-!2b!/b(&b,"+b-(b)+(.b'b&(+b)+"-%b-(b-$Hb!2b!/b
'-+b-!b&"',-+&b'b+b'(0b!%)"' b-(b"'b"-Hb

-81DC
>5G
9>
D89C
2??;

(b-+$b-!b!' ,b"'b-!'(%( 2b'b,("-2Ib,/+%b,-"(',b!/b'b)+(&(-b-(b
.%%b!)-+,Hb%,b(' +-.%-bZ&,b'b,"&.%-"(',IZbZ("%b%+'"' IZb'bZ ("%b
%+'"' Zb('b-!"+b1)'b(/+ b'b&.!_,+/b&)!,",Hb b!/b-+"b-(b/("b
-!b(&&('b-''2b-(b-+"/"%"3b-!,b,.#-,Hb b)+(&",b2(.b-!-b b(b'(-b"'b
&("%b%+'"' b,b.&)"' b,$-()b(.+,,b('-(b&("%b/",b(+b,. ,-b-!-b,("%b
%+'"' b",b'(-!"' b&(+b-!'b-%%"' b,-.'-,b-(b,$b-!"+b,("%b'-0(+$b"',-b(b,$"' b
-!b-!+Hb

,b+*.,-b2b++,b(b-!b"+,-b"-"('Ib b!/b%,!b(.-b-!b"',-+.-"('%b," 'b

,!&b"'b-!b"+,-b!)-+Hb b0,b %b-(b(b,(b.,b&2b1)+"'b,bb(',.%-'-Ib
,"'b-!b"+,-b"-"('Ib!,b-. !-b&b-!-b&(,-b"%.+,b(b_%+'"' b)+(#-,b'bb-+b
$b-(b%0b"',-+.-"('%b," 'Hb b!/bb'b))'"1b-"%"' bb,"&)%b
-!'"*.b-(b-+&"'b0!-b-(b-!b'b0!-b-(b%/b(.-Hb

(&b!)-+,b!/b&(/b('%"'b-b!(+-('H(&^%^Hb!)-+,b('b," '"' b%,,(',Ib

,-+- "b","(',b-!-b-b-!b0!(%b(.+,Ib/",.%b," 'Ib'b'/" -"('b+b'(0b
('%"'Hb!-b%%(0,b-!b))+b)(+-"('b-(b(.,b('b",,.,b(b/"-%b"'-+,-b-(b%%b," '+,Ib
,)"%%2b"+,-_%"'b," '+,b0"-!b"+-b+,)(',""%"-2b(+b(&)%",!"' b,)""b%+'"' b
(#-"/,Hb!b('%"'b!)-+,b(+b/'b,$"%%,b'b-!'"*.,b(+b",,.,b.,.%%2b
%-b0"-!b2b,'"(+b," '+,b'b)+(#-b%+,Hb

!-b%,Mb!Ib b!/b).-b"'b'0b-2)(,b-(b+)%b-!b(%b(',Ib(+b-b%,-b-(b$)b-!&b
(&)'2Hb
(Ib (b('b'b,-+-b+"' Ib,$"&&"' Ib,''"' Ib(+b!(0/+b2(.b%"$b-(b(',.&b(($,Hb
b2(.b+b+"' b-!",b"'bb(($,-(+Ib (b!b'b.2b-!",b(($Hb--+b,-"%%Ib.2b-0(b
()",b'b "/b('b-(b2(.+b(,,HH

b
b

b
b
b

?>D5>DC

b

)$$
"($$



-81D
9C
5<51B>9>7


"'"-"('b(b_%+'"' b 9

+"-",b(b_%+'"' b :

-81D
9C
5<51B>9>7
45C97>


-+-b0"-!b ((b"',-+.-"('%b," 'b ;


))%2b," 'b-(b%%b.'"-,b(b_%+'"' b =

5C97>
AE93;<I
1>4
B5<912<I


'-"2b2(.+b.'+%2"' b (%b 98


'%23b%+'+,Vb',b'b"%"-",b 9;

'-"2b0!-b-(b-!b 9<

-b%+'"' b(#-"/,b 9>

'-"2b)++*.","-,b :>

"$b-!b))+(!b-(b&-b!b(#-"/b ;=

"b-!b-!"' b,*.'b(b2(.+b(#-"/,b <:

+-b(#-,b-(b(&)%",!b(#-"/,b <?

+-b-,-,b =8

%-b%+'"' b-"/"-",b =9

!((,b&"b >9

*85>
B545C97>
1719>
1>4
1719>


_," 'b.-b(b'(-b+)-b >=

(-b2(.+b,*.'-"%b
 b)+(,,b >=

$b,-2b)+( +,,b >=

>
3<?C9>7
K


.&&+2b >>

(+b&(+bLb >>

FH
H
+!



"
%
%$)$)(



'$!$
-
(!$


b

)%(*/&
*,*)



2?ED
2C?B2
13D9F9D95C


(&&('b-2),b(b
,(+b-"/"-",b >@

!'b-(b-.+b
,(+b-"/"-",b >@

&B5C5>D1D9?>C



(.-b)+,'--"(',b >A

2),b(b)+,'--"(',b ?8

,-b)+-",b(+b)+,'--"(',b @<

1-'b)+,'--"('b-"/"-",b A:

(5149>7C



(.-b+"' b-"/"-",b A;


,," 'b"'"/".%b(.&'-,b A=

+-b'b('%"'b%"++2b A@

%2b('b '-+'-b+,(.+,b AA

,-b)+-",b(+b+"' b-"/"-",b 989

1-'b+"' b-"/"-",b 98;

)D?B95C
2I
1
D51385B



(.-b,!+"' b,-(+",b 98=

%%b,-(+",b-!-b))%2b-(b%+'+,b 98?

,-b)+-",b(+b,-(+",b2bb-!+b 998

1-'b,-(+",b2bb-!+b 999

95<4
DB9@C



(.-b"%b-+"),b 99;

."b-(.+,b 99;

"+-.%b&.,.&,b 99A

,-b)+-",b(+b"%b-+"),b 9:;

1-'b"%_-+")b-"/"-",b 9:>

>
3<?C9>7
K


.&&+2b 9:?

"$b
,(+b-"/"-",b-(b(&)%",!b(#-"/,b 9:?

(+b&(+bLb 9:@

b
 '$!$
-
(!$



"
%
%$)$)(



+!!

b


%*/&
*,*)



2?ED
?
13D9F9D95C


(&&('b-2),b(b(b-"/"-",b 9:A

!'b-(b-.+b(b-"/"-",b 9;8




"
%
%$)$)(

&B13D935
13D9F9D95C


(.-b)+-"b-"/"-",b 9;8

+"%%_'_)+-"b-"/"-",b 9;:

',_('b-"/"-",b 9;;

."_'%2,",b-"/"-",b 9;?

,-b)+-",b(+b)+-"b-"/"-",b 9<;

1-'b)+-"b-"/"-",b 9<<

9C3?F5BI
13D9F9D95C



(.-b",(/+2b-"/"-",b 9<>

"+-.%_%(+-(+2b-"/"-",b 9<?

,b,-.",b 9=:

,-b)+-",b(+b",(/+2b-"/"-",b 9==

1-'b",(/+2b-"/"-",b 9=>

1=5C
1>4
C9=E<1D9?>C


,b &,b,b,"' %b-"/"-",b 9=?

1-'b &b-"/"-",b 9>8

>
3<?C9>7
K


.&&+2b 9>9

"$b(b-"/"-2b-(b(&)%",!b%+'"' b(#-"/b 9>:

(+b&(+bLb 9>:


%$$**/&
*,*)



2?ED
?>>53D
13D9F9D95C


(&&('b-2),b(b(''-b-"/"-",b 9><

!'b-(b-.+b(''-b-"/"-",b 9><

&?>45B
13D9F9D95C



(.-b)('+b-"/"-",b 9>>

!-(+"%b*.,-"(',b 9>?

"--"('b-"/"-",b 9>@

"-_1&)%b-"/"-",b 9?9

b
+!!!



"
%
%$)$)(



'$!$
-
(!$


b
/%.-"('b-"/"-",b 9?:

.&&+2b-"/"-",b 9?<

1-'b)('+b-"/"-",b 9?=

'E5CD9?>9>7
13D9F9D95C


!2b.,b*.,-"('"' b-"/"-",Mb 9??

'(.+ b%+'+,b-(b,$b-!b+" !-b)()%b 9??

'(.+ b ((b*.,-"(',b 9?A

',",-b('b ((b',0+,b 9@8

,-b)+-",b"'b*.,-"('"' b-"/"-",b 9@9

!'",&b(+b,$"' b*.,-"(',b 9@9

'%b*.,-"('"' b-b-!b+" !-b-"&b 9@:


,,,,b%+'+,b'b%+'"' b 9@:

1-'b*.,-"('"' b-"/"-",b 9@;

)D?B95C
2I
<51B>5BC


/b%+'+,b-%%b,-(+",b 9@<

((b,-(+",b+b!+b-(b-%%b 9@=

/%.-b,-(+2-%%"' b"+%2b 9@=

,-b)+-",b(+b,-(+2-%%"' b-"/"-",b 9@>

1-'b,-(+2-%%"' b-"/"-",b 9@>

?2
194C



(.-b#(b",b 9@?

%(,,+",b 9@@

%.%-(+,b 9A:

_(',.%-'-,b 9A;

,-b)+-",b(+b#(b",b 9A<

1-'b#(b",b 9A=

(5C51B38
13D9F9D95C



(.-b+,+!b-"/"-",b 9A>

/' +b!.'-,b 9A@

."b+,+!b :88

,-b)+-",b(+b+,+!b-"/"-",b :8;

1-'b+,+!b-"/"-",b :8>

%B979>1<G?B;
13D9F9D95C



(.-b(+" "'%_0(+$b-"/"-",b :8?

b
 '$!$
-
(!$



"
%
%$)$)(



!,

b
","('b-"/"-",b :8@

(+$_(.&'-b-"/"-",b :8@

(.+'%b-"/"-",b :98

,-b)+-",b(+b(+" "'%_0(+$b-"/"-",b :99


1-'b(+" "'%_0(+$b-"/"-",b :9:

"
%
%$)$)(

>
3<?C9>7
K


.&&+2b :9;

"$b(''-b-"/"-",b-(b(&)%",!b%+'"' b(#-"/,b :9;

(+b&(+bLb :9<


*)*)



53945
G8I
I?E
1B5
D5CD9>7


!'b+b(+&%b-,-,b'Mb :9>

!2b+b2(.b-,-"' Mb :9>

!-b(b2(.b!()b-(b(&)%",!Mb :9?

!-b(b2(.b0'-b-(b&,.+Mb :9@

#51CEB5
133?=@<9C8=5>D
?6
?2:53D9F5C


)5<53D
D85
B978D
DI@5
?6
MAE5CD9?>N


(',"+b-!b-2)b*.,-"('b2(.b'b ::8

(&&('b-2),b(b-,-b*.,-"(',b ::9

+.^%,b*.,-"(',b :::

"$_('b*.,-"(',b ::=

"$_&.%-")%b*.,-"(',b ::@

"%%_"'_-!_%'$,b*.,-"(',b :;9

-!"' _%",-b*.,-"(',b :;<

*.'_-2)b*.,-"(',b :;=

(&)(,"-"('b*.,-"(',b :;?

+(+&'b*.,-"(',b :<8

"$b-2)b*.,-"('b2b-2)b(#-"/b :<:

-B9D5
56653D9F5
AE5CD9?>C


(%%(0b-!b,-'+b*.,-"('b(+&-b :<;


,$b*.,-"(',b,"&)%2b'b"+-%2b :<<

$b',0+"' b&'"' .%b :==

!%%' b-,-_-$+,b :=@

b
,



"
%
%$)$)(



'$!$
-
(!$


b
?=29>5
AE5CD9?>C
56653D9F5<I



,$b'(. !b*.,-"(',b :>9

$b,.+b('b*.,-"('b(,b'(-b',0+b'(-!+b :>9

*.'b-,-b*.,-"(',b-"/%2b :>:

+2b-!b(+&b(b*.,-"(',b'b',0+,b :>:

9F5
C97>96931>D
6554213;


)(+-b-,-b,(+,b,"&)%2b :>;

+(/"b(&)%-b"'(+&-"('b :>;

'-%2b(++-b0+(' b',0+,b :>=


/("b0"&)2b$b :>>

"/b$b-b-!b+" !-b-"&b :>>

4F1>35
I?EB
D5CD9>7


"'-b"+,-b :>A

,b/'b-,-"' b)"%"-",b :>A

('"-(+b+,.%-,b :?;

$b-,-,b"+b-(b%%b%+'+,b :?;

,-b+%2b'b(-'b :?=

-b-!b+" !-b),,"' b,(+b :?>

"'bb,%b(b +,b :?@

+_-,-b-(b)+()%b%+'+,b :?@

H@<19>
D85
D5CD


+)+b%+'+,b-(b-$b-!b-,-b :@8

)b%+'+,b"'b('-+(%b :@9

?>C945B
1<D5B>1D9F5C
D?
6?B=1<
D5CDC


,b&(+b-!'b(+&%Ib +b-,-,b :@:

%)b%+'+,b."%b)(+-(%"(,b :@:

/b%+'+,b(%%-b-($',b :@:


)-b-,-"' b-(b,("%b%+'"' b :@:


)-b-,-"' b-(b&("%b%+'"' b :@;

>
3<?C9>7
K


.&&+2b :@;

(+b&(+bLb :@<

b
 '$!$
-
(!$



"
%
%$)$)(



,!

b


*%&)



-81D
1B5
D?@93C


()",b+b%+'"' b(#-,b :@=

1&)%,b(b-()",b :@>



'-(&2b(bb-()"b :A;

"
%
%$)$)(

5C97>
D85
3?=@?>5>DC
?6
D85
D?@93


"-%b-!b-()"b :A<

'-+(.b-!b-()"b :A>

,-b%+'"' b"'b-!b-()"b :AA

)"2b%+'"' b-"/"-",b(+b-!b-()"b ;89

.&&+"3b-!b-()"b ;8;

"'$b-(b+%-b&-+"%b ;8=

+"-b&--b ;8?

," 'b(&)(''-,b%( "%%2b'b('(&"%%2b ;98

5C97>
B5EC12<5
D?@93C
 

+-b+(&"''-b."%"' b%($,b ;9;

," 'b(',",-'-b-()",b ;9<


/("b-!bW,_,!(0'_(/Xb,2'+(&b ;9<

>D57B1D5
6?B597>
=?4E<5C
 

1&)%b(bb($"' b&(.%b ;9>

!-b-(b"'%.b"'bb($"' b&(.%b ;9?

>
3<?C9>7
K
 

.&&+2b ;9@

*5=@<1D5C
6?B
D?@93C
 

(+b&(+bLb ;::


#)
$
)#+"*%$)

 

1=5C
1>4
C9=E<1D9?>C
6?B
<51B>9>7
 

1&)%b(bb%+'"' b &b ;:<

(0b+b &,Ib-,-,Ib'b,"&.%-"(',b+%-Mb ;:=

(b2(.b%%b"-bb &b(+bb,"&.%-"('Mb ;:=

&(,b+b'(-b-+.b,"&.%-"(',b ;:>

(0b(b &,b'b,"&.%-"(',b0(+$Mb ;:?

!-b(b0b&'b," 'Mb ;:@

b
,!!



"
%
%$)$)(



'$!$
-
(!$


b
-8I
71=5C
 

!-b'b &,b(b(+b.,Mb ;:@

!'b-(b.,b &,b ;:A

*I@5C
?6
<51B>9>7
71=5C


."3_,!(0b &,b ;;9

(+b &,b ;;:

" ,0b).33%,b ;;;

+'!"' b,'+"(,b ;;<

,$b,"&.%-"(',b ;;=

+,('%_+,)(',b,"&.%-"(',b ;;?

'/"+('&'-%b,"&.%-"(',b ;<8

&&+,"/b+(%_)%2"' b &,b ;<9

5C97>
71=5C
6?B
<51B>9>7


," 'b-(b(&)%",!b%+'"' b(#-"/,b ;<:

1)+,,b-!b (%b,bb,)""b-,$b ;<<

"$b-!b+" !-b,"3b &b ;<<

&)!,"3b%+'"' Ib'(-b#.,-b("' b ;<=

)"2b!%%' b'b&(-"/-"('b ;<=

' b(&)-"-"/',,b ;<=

+(/"b&.%-")%b02,b-(b%+'b ;<=

B51D5
1
=93B?G?B<4


)"2b-!b &Y,b0(+%b ;<>

)"2b!+-+,b'b"&)(+-'-b(#-,b ;<?

+-bb,-(+2%"'b ;<A

+-bb$b,-(+2b ;<A

)"2b-!b &b,-+.-.+b ;=8


,," 'b-!b%+'+V,b+(%b ;=8

$b-!b &b&'"' .%%2b+%",-"b ;=8

)"2b+.%,b(b-!b &b ;=9

," 'bb+"!Ib+%",-"b'/"+('&'-b ;=9

+(/"bb)Ib.'"2"' b!%%' b ;=:

"'b"'"-(+,b(b &b,--b'b$b ;=:

)@5396I
D85
45D19<C


$-!b(.-b-!b.,+b"'-+b ;=;

b
 '$!$
-
(!$



"
%
%$)$)(



,!!!

b
+"-b-!b0(+,b ;=;

)"2b-!b +)!"%b,-2%b ;=;

)"2b(-!+b&"b ;=<

>7175
<51B>5BC



(($b-!b%+'+b ;=<

"
%
%$)$)(


,$b%+'+,b-(b,.,)'b",%"b ;==

-b-!b('-1-b ;=>

+(/"b+%_0(+%b)+(&)-"' b'b,.))(+-b ;=>

+,'-b,(%/%b)+(%&,b ;=?


)-b-(b-!b%+'+V,b',b ;=?

!%%' b0"-!b-"&b%"&"-,b ;=@

-b%+'+,b-+2b&.%-")%b,-+- ",b ;=A

+( +&b/+"-2b"'-(b-!b &b ;=A

'/(%/b-!b%+'+b ;=A

*5138
D8B?E78
6554213;


+(/"b"'-+"',"b$b ;=A

'#-b.-"('%b$b0!+b'b ;>9

+(/"b('-"'.%b$b ;>9

.-b "/b+."%b$b"&&"-%2b ;>:

('+('-bb!/"(+b'b!(",b ;>;

+b%' -!2b$b ;><


'-"")-b$bO(+0+MPb ;><

'%b%+'"' b-!+(. !bb/+"-2b(b1)+"',b ;>=

+(/"b(&)%-Ib-"%b$b ;>>

%)b%+'+,b(++-b&",-$,b ;>?

+b.''-b)+-"b ;>?


$'(0% b!"/&'-b ;>@

&B?7B5CC9F5<I
381<<5>75
<51B>5BC


!%%' b%+'+,b ;>A

-!-b.)b-!b!%%' b ;?8

"/b%(,.+b-0'b)!,,b ;?9

('-+(%b-!b+!2-!&b(b"".%-2b ;?:

*."+b(',(%"-"' b,&%%b,-),b ;?:

b
,!+



"
%
%$)$)(



'$!$
-
(!$


b
#1>175
71=5
3?=@<5H9DI


0+b(&"'-(+"%b1)%(,"('b ;?;

'.b1.+,"(',b ;?<

",,"('_,*.'-"%b,-+.-.+b ;?>

!(+-_%,!b,-+- 2b ;??

+"b,-+.-.+b ;?@

+$-!+(. !b,-+.-.+b ;?@

)9=@<96I
<51B>9>7
D85
71=5


."b-"(',b0"-!b"',-+.-"(',b ;@8

1)%"'b-!b &b%+%2b ;@8

-+-b0"-!b-+"'"' b0!%,b ;@9


,,",-b0!'b'b ;@:

!(0b,(%.-"('b-+bb0b--&)-,b ;@;

-b%+'+,b+*.,-b,,",-'b ;@<

'%.b)+-"''-b!"'-,b ;@<

"&)%"2b-!b",)%2b(+b*."$b+,)(',b ;@=

"'"&"3b",-+-"(',b ;@=


)-b%%b,.,,.%b-"(',b ;@>

5C97>
3?13854
D1C;
C9=E<1D9?>C


%'b)+( +,,"/b"'-+-"/"-2b ;@?


+!"--.+b(b(!_&b-"/"-",b ;@?

-b-!b%+'+b('-+(%b(!"' b ;@A

5C97>
2B1>389>7C35>1B9?
71=5C


+/,-b,-(+2%"'b",b ;A8

"$bb,"-.-"('b ;A8

)b(#-"/,b-(b,',b ;A9

+"/b,)""b(#-"/,b-(b-!b ;A9

+',%-b(#-"/,b-(bb,-(+2b ;A:

)"2b!b,'b ;A<

!+b-( -!+b-!b,',b ;A=


b('-1-_,--"' b,',b ;A>

+C5
71=5C
1C
5<51B>9>7
3?EBC5C


b
 '$!$
-
(!$



"
%
%$)$)(



,+

b
>
3<?C9>7
K


.&&+2b ;A@

(+b&(+bLb ;A@


)%"
"($$



"
%
%$)$)(

-81D
9C
C?391<
<51B>9>7



b"'"-"('Ib,(+-b(b ;AA

(b0!-Mb <88

(',"+b-!b/+"-",b(b,("%b%+'"' b <88

!-b",b'(-b,("%b%+'"' Mb <89

!-b",b-!b +(.)Mb <89

?G
4?
G5
M45C97>N
C?391<
<51B>9>7


!-b(b0b&'b2b," 'Mb <8:

!b+(%b(b-!b," '+b <8:

53945
G85B5
1>4
G85>
D?
EC5
C?391<
<51B>9>7
 

$b%+'"' b&(+b+%"%b <8<

$b%+'"' b&(+b'#(2%b <8<

!b"".%-b,.#-,b <8=

&)%&'-b%+'"' b*."$%2b'b"'1)',"/%2b <8=

."%bb'-0(+$b-(b,.))(+-b-!b%+'"' b"'b-!b.-.+b <8>

-81D
C?391<
<51B>9>7
B5AE9B5C
 

!-b",b+*."+b(b%+'+,b <8>

!-b",b+*."+b(b-!b(+ '"3-"('b <8@

&1DD5B>C
?6
9>D5B13D9?>


!b%&'-,b(b,("%b%+'"' b <98

(&"'b)--+',b(+b(&)%-b-"/"-",b <9<

)?391<
31@129<9D95C
?6
C?6DG1B5
 

'b-+ -b&,, ,b <9>

-b+%_-"&b <9@

",.,,b,2'!+('(.,%2b <:=

+(,-b,)(+"b&,, ,b <:>

(,-b&,, b,*.',b <:@

(%%(+-"/%2b+-b(.&'-,b <;;

!+b+-"(',b <<8

b
,+!



"
%
%$)$)(



'$!$
-
(!$


b
(-b'b+-b <<>

"%-+b&,, ,b <=8

,-%",!bb)("'-b(b('--b <=8

-b.)b'b&"'",-+bb-&b(+b(-!+b +(.)b <=;

139<9D1D5
B1D85B
D81>
D5138


"'b-!b.-",b(b-!b"%"--(+b <=<

,-%",!bb(b(b('.-b <==

'-+/'b"'b,,b(bb!/"(+b <=>

B145
619B<I
9>
C?391<
<51B>9>7



,,,,b "',-b(#-"/,b <><

,b/"%%b/"'b <><

2,b-(b,,,,b%+'+,b <><

-b+"-+"b(+b&,, ,b'b)(,-,b <>=

+Ib(+ (b"'"/".%b,,,,&'-b <>>

HD5>4
3?>F5>D9?>1<
13D9F9D95C
6?B
C?391<
<51B>9>7


1-'b
,(+b-"/"-",b(+b,("%b%+'"' b <>>

1-'b(b-"/"-",b(+b,("%b%+'"' b <>?

1-'b(''-b-"/"-",b(+b,("%b%+'"' b <>?

+C5
@B?F5>
C?391<
13D9F9D95C


!+b0!-b2(.b%+'b <>@

$b!''%b(+b)+,'--"(',b <>A

+"',-(+&"' b-"/"-",b <?:

&_-,$b-"/"-",b <?<

(%_)%2"' b,'+"(,b <?>

(&)+",('b-"/"-",b <@8

+(.)_+"-"*.b-"/"-",b <@9

>3?EB175
=51>9>76E<
49C3ECC9?>C


," 'b",.,,"('b-"/"-",b <@<

',.+b%+'+,b!/b',,+2b,$"%%,b <@>

(+-b",.,,"('b-"/"-",b <@?

+(+&b&,, b&"'-''b <A8

&B?=?D5
D51=
<51B>9>7


-b-!b+*."+&'-,b(bb,.,,.%b-&b <A9

(+&bb-&b+(&b"'"/".%,b <A:

b
 '$!$
-
(!$



"
%
%$)$)(



,+!!

b

%" 'b (%,b(b-&b&&+,b <A:

+'b0!(b'b(b0!-b <A;


()-b-&b+(%,b <A=

"$bb%+Ib-b%,-b-(b,-+-b <A>


&b)+(,,,b <A?

"
%
%$)$)(

-b'(+&,b(b!/"(+b <A?

&b0+&_.)b-"/"-",b <A?

b(.-b,.))(+-b <A@

," 'b-"/"-",b(+b-&,b <A@

'  b"'b()'b"'*."+2b <AA

>
3<?C9>7
K


.&&+2b =88

(+b&(+bLb =88


#%"
"($$



-81D
9C
=?29<5
<51B>9>7


)D1BD
G9D8
G?BD8I
7?1<C


+'b+(&b-!b0!(%b0(+%b =8:

$b/'- b(b-!%b&(&'-,b =8:

!b"'b-!b('-1-b(b))%"-"('b =8:

!bW(.-((+Xb,.#-,b =8:

$b%+'"' b!%-!"+b =8;

+'b&(+b(b-!b-"&b =8;

'%b/"+-.%b--''b =8<

.b"'+,-+.-.+b(,-,b =8<

+)+b(+b'b"'+,"' %2b&("%b0(+%b =8<

41@D
5H9CD9>7
<51B>9>7
6?B
=?29<5
<51B>5BC
 

'%b)+-"")-"('b"'b%,,+((&b%+'"' b =8=


(&&(-b&("%b%+'+,b"'b-!b/"+-.%b%,,+((&b =8>

-b&("%b%+'+,b-$b,-'%('b_%+'"' b =8>

$b,("%b%+'"' b&("%b =8>

+(+&'b,.))(+-b =8?

b
,+!!!



"
%
%$)$)(



'$!$
-
(!$


b
+C5
D85
31@129<9D95C
?6
D85
45F935
 

5C97>
6?B
D85
<51B>5B
5>F9B?>=5>D
1>4
45F935
 

," 'b(+b-!b&("%b%+'+b =9>

," 'b(+b-!b'/"+('&'-b0!+b%+'"' b(.+,b =9?

," 'b(+b-!b&("%b/"b =9A

5C97>
7E945<9>5C
6?B
?F5B3?=9>7
<9=9D1D9?>C


," 'b(+b,2b+"' b =:8

"'-"'b('--b0"-!b%+'+,b =:9

," 'b(+b-!b/",b%+'+,b%+2b!/b =::

,b%+'+,Vb-"&b""'-%2b =::

"-b-1-b'b +)!",b-(b-!b",)%2b =:;

+(/"b%(0_'0"-!b%-+'-"/,b =:<

," 'b(+b"&)+-b'-0(+$b(''-"(',b =:=

'%bW(0'%(b'b (Xb =:=

"&)%"2b'-+"' b-1-b =:>

(%%(0b,-%",!b.,+_"'-+b ."%"',b =:>

&&+Ib))+b",bb&("%b/"b =:>

.,b1",-"' b('-'-b =:?

(51<
=?29<5
<51B>9>7
 

("%b",(/+2b%+'"' b =:@

",-'b))+'-",!")b)+( +&b =;8


+!"--.+b-(.+b =;:

'#-b&("%b-"/"-",b"'-(b(-!+b(+&,b(b%+'"' b =;>

HD5>4
3?>F5>D9?>1<
13D9F9D95C
6?B
=?29<5
<51B>9>7


1-'b
,(+b-"/"-",b(+b&("%b%+'"' b =;>

1-'b(b-"/"-",b(+b&("%b%+'"' b =;?

1-'b(''-b-"/"-",b(+b&("%b%+'"' b =;?

>
3<?C9>7
K


.&&+2b =;@

(+b&(+bLb =;@

)$
%(
*
,(*+"
"))(%%#



B51D5
1
F9BDE1<
3<1CCB??=


!2b+-bb/"+-.%b%,,+((&Mb =<8

b
 '$!$
-
(!$



"
%
%$)$)(



,!,

b
!-b+b"'+,b'b/"+-.%_%,,+((&b(.+,,Mb =<8

"b0!-!+b2(.b'bb%"/b&-"' b =<9

)5<53D
1>4
EC5
3?<<12?B1D9?>
D??<C


%-b2(.+b(%%(+-"('b-((%,b =<:


%"b,!(0,b =<=

"
%
%$)$)(

+$(.-b+((&,b =<?

?>4E3D
?><9>5
=55D9>7C


%'b-!b&-"' b =<@

+)+b(+b-!b&-"' b ==:


''(.'b-!b&-"' b ==>

' b-!b%"/b('%"'b&-"' b ==>


-"/-b&-"' ,b ==@

'%.b(%%(0_.)b-"/"-",b =>8

5C97>
-529>1BC


!'b-(b.,b"'+,b =>9

"$b-"/"-",b-(b-!b =>9

5C97>
F9BDE1<3<1CCB??=
3?EBC5C


%-bb*.%""b-!+b =>;

!b-!b%,,Ib('V-b#.,-b%-b"-b!))'b =>=

%'b)+"-%b%+'"' b2%,b =>>

,)('b-(b%+'+,b =>@

+(/"b(&)%-b"',-+.-"(',b =>@

"&)%"2b-,$,b(+b%+'+,b =?=

%b0"-!b)+(%&b%+'+,b =??

(%%(0b.)b-+b-!b(.+,b =@8

>
3<?C9>7
K


.&&+2b =@9

(+b&(+bLb =@:

%$"+)%$



?G
G5
G9<<
<51B>


!+b0b+b!b =@;

(0b0b0"%%b -b-!+b =@<

b
,,



"
%
%$)$)(



'$!$
-
(!$


b
-81D
81C
D?
81@@5>


)53B5DC
?6
5<51B>9>7
45C97>


ECD
D85
2579>>9>7


&&$.
))$*")#



CC5>D91<
5CC5>D91<9C=


)5D
E@
D85
D5CD


)E@5BF9C5
D85
D5CD


!b+(%b(b-,-b,.#-,b =@A

!b+(%b(b-!b1)+-b =A8

(%b(b-!b-,-b('.-(+b =A9

>1<IJ5
D5CD
B5CE<DC


(+b'b%+'"' b =A9

'-"2b-!b%+'"' b))+(!b =A;

'+b," 'b)+"'")%,b =A<

#1;5
D5CD9>7
25DD5B


/+(&b-!b0-!(+'b-b =A=

/b-!b%_(-b!"'b =A=

,-bb-0(,(&b =A>

+(/"b%%b+%b+,(.+,b =A>

,,.+b-,-b,.#-,b =A?

-!b-!b/"(b.%%2b =A?

('.-b'(. !b-,-,b =A?

"$b/%"b-,-b,.#-,b =A@

(531@
#1CD5B
D85
5CC5>D91<C
?6
5CC5>D91<9C=


$.



b

H
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

5C97>9>7

5<51B>9>7

b

%''"' b-!b/%()&'-b(b
('%"'b%+'"' b
b
(+b-',b(b-!(.,',b(b2+,Ib!.&'b"' ,b!/b(&b-( -!+b-(b%+'b'b,!+b
$'(0% Hb'-"%b+'-%2Ib0b!/b!b-(b(&b-( -!+b-b-!b,&b-"&b'b)%Hb.-b
-(2Ib(&).-+b'b'-0(+$"' b-!'(%( ",b!/b%"&"'-b-!-b+*."+&'-Hb(0b
'2(2b'b%+'b'2-!"' b'20!+b-b'2b-"&Hb
'b/%()+,b(b.-"('b'b
%"/+b%+'"' b0!'b'Ib0!+b'Ib('b'2b,.#-Ib"'b#.,-b-!b+" !-b&(.'-Ib"'b
-!b&(,-b-"/b(+&-Ib'b(+b'(-b&.!b&('2Hb

-*
)
"($$


_%+'"' b&+,!%,b(&).-+b'b'-0(+$b-!'(%( ",b-(b-!b-,$b(b.-"('Hb/+%b
"'"-"(',b(b_%+'"' b+b(&&('Hb(&b)()%b!(%b-!-b_%+'"' b",b%"&"-b-(b0!-b
-$,b)%b'-"+%2b0"-!"'bbb+(0,+b0"-!(.-b-!b'b(+b(-!+b,(-0+b(+b%+'"' b
+,(.+,Hb.!bb).+b"'"-"('Ib-!(. !Ib%/,b(.-b&'2b(b-!b-+.%2b-"/b.,,b(b
+%-b-!'(%( ",b(+b%+'"' Hb

569>9D9?>
?6
5<51B>9>7

!+b+bb%(-b(b(&)%1b"'"-"(',b(b_%+'"' Ib,(b V%%b(+b2(.bb,"&)%b('Jb
G&,(#(!H#-H."H/-H) H&.,)(#H."()&)!#-H.)H,.H&,(#(!H2*,#(-;HH
!",b"'"-"('b",b%"+-%2b()'_'Ib%%(0"' b(&)%-b+(&b,b-(b!(0b-!,b
1)+"',b+b(+&.%-Ib(+ '"3Ib'b+-Hb(-"b-!-b-!",b"'"-"('b(,b'(-b

H
H
 



(!$!$
"'$!$



'$!$
-
(!$


b
&'-"('bW(.+,,IXb(+b(.+,,b+b#.,-b('b02b-(b)$ b_%+'"' b1)+"',Hb -b%,(b
(,b'(-b&'-"('b'2b)+-".%+b.-!(+"' b-((%b(+b&' &'-b,2,-&Hb

,1B95D95C
?6
5<51B>9>7

_%+'"' b(&,b"'b&'2b(+&,Hb(.b&2b!/b-$'b('b(+b-0(b(+&,b(b_%+'"' Ib.-b
!/b2(.b(',"+b-!&b%%Mb+b+b,(&b/+"-",b(b_%+'"' b-(b(',"+Jb

.(&)(H)/,--Jb(.+,,b-$'b2bb,(%(b%+'+Hb!2b+b,%_)b0"-!(.-b
"'-+-"('b0"-!bb-!+b(+b%,,&-,Hb!+b+b'.&+(.,b1&)%,b(b,-'%('b
(.+,,b"-b"'b-!",b(($Hb+!b-!b"'1b(+b(#8#))8')(Ib

8!$%8
)!).8
#!.((Ib'b($#8#8)8*'28(.b'b%,(b (b-(b-!bb,"-b(+b-!",b
(($bO!(+-('H(&^%^Pb-(b"'b%"'$,b-(b%"/b1&)%,Hb

,(#(!H!'-H(H-#'/&.#)(-Jb +'"' b2b)+(+&"' b,"&.%-b-"/"-",b-!-b
+*."+b1)%(+-"('b'b%b-(b",(/+",Hbb!/b/(-b-!b0!(%b(b!)-+b?b
-(b-!b",.,,"('b(b &,b'b,"&.%-"(',Hb
%,(b (b-(b!(+-('H(&^%^b(+b%"'$,b-(b%"/b
1&)%,Hb

)#&H&,(#(!Jb +'"' b+(&b-!b0(+%b0!"%b&(/"' b(.-b"'b-!b0(+%Hb
"b2b
&("%b/",Ib,.!b,b,&+-b)!(',b'b-%-b/",Ib&("%b%+'+,b)+-"")-b"'b
('/'-"('%b%,,+((&b(.+,,b'b,-'%('b_%+'"' b0!"%b(.-b'b(.-Hb!2b
&2b%,(b)+-"")-b"'b-"/"-",b0!+b-!2b%+'b2b"'-+-"' b0"-!b(#-,b'b
)()%b-!2b'(.'-+b%(' b-!b02Hb ("%b%+'"' b",b",.,,b"'b!)-+bAHbb

)#&H&,(#(!Jb +'"' b-!+(. !b"'-+-"('b0"-!bb(&&.'"-2b(b1)+-,b'b%%(0b
%+'+,Hb(&&.'"-"('b&(' b)+-"")'-,b+%",b('b,("%_'-0(+$"' b&"b,.!b
,b('%"'b",.,,"(',Ib%( "' Ib'b-1-_&,, "' Hbb!)-+b@b(+b/"b('b
," '"' b,("%b%+'"' Hb

#,./&G&--,))'H)/,--Jb'%"'b%,,,b,-+.-.+b&.!b%"$bb%,,+((&b(.+,Ib
0"-!b+"' b,," '&'-,Ib)+,'--"(',Ib",.,,"(',b/"b(+.&,b'b(-!+b,("%b
&"Ib'b!(&0(+$Hb!2b&2b"'%.b,2'!+('(.,b('%"'b&-"' ,Hbb!)-+b
98b(+b&(+b('b," '"' b"'+,b'b/"+-.%_%,,+((&b(.+,,Hb

'b-!-b",b#.,-b-!b,-+-Hb
,b2(.b+b-!",Ib%/+b," '+,b+b+-"' b/'b&(+b(+&,b

(b_%+'"' b'b%'"' b&"1-.+,b(b-!b-2),b%",-b!+Hb

-*
)
"($$
)$

_%+'"' b'bb-!b,-b%+'"' b)(,,"%a(+b-!b0(+,-Hb -b%%b)',b('b," 'Hb
+-"' b-"/b_%+'"' b+*."+,b(-!b," 'b'b/%()&'-Hb!2b+b'(-b-!b
,&b-!"' Hb," 'b",b","('Kb/%()&'-b",b(',-+.-"('Hb," 'b (/+',b,)b0b(Kb
/%()&'-b (/+',b$,b0b++2b(.-b-!(,b","(',Hb," 'b"'/(%/,b#. &'-Ib

b
 '$!$
-
(!$



(!$!$
"'$!$





b
(&)+(&",Ib-+(Ib'b+-"/"-2Hb," 'b",b-!b9889b","(',Ib" b'b,&%%Ib-!-b
-b-!b(.-(&b(b2(.+b_%+'"' b)+(#-Hb!",b(($b",b(.-b," 'Hbbb

)D1BD
G9D8
7??4
9>CDBE3D9?>1<
45C97>



-"/b_%+'"' b,-+-,b0"-!b,(.'b"',-+.-"('%b," 'Hb ',-+.-"('%b," 'b+*."+,b

(!$!$
"'$!$

,%-"' Ib(+ '"3"' Ib'b,)"2"' b-!b%+'"' b1)+"',b',,+2b-(b-!b
,(&(2b,(&-!"' Hb((b"',-+.-"('%b," 'b",b"')''-b(b-!b-!'(%( 2b(+b
)+,(''%b.,b-(b+-b-!(,b%+'"' b1)+"',Hb

@@<I
:ECD
5>?E78
9>CDBE3D9?>1<
45C97>

',-+.-"('%b," 'b",bb/,-b,.#-Hb!",b!.&%b!)-+b''(-b(/+b"-b%%Hb!-b2(.b
0"%%b"'b"'b-!",b!)-+b",bb,-+&%"'Ib+)"b"',-+.-"('%_," 'b&-!(Hb -b",b,"&)%Ib
*."$Ib"'(+&%Ib'b)+ &-"Hb,b"-b,b2(.+b,.+/"/%b$"-b0!'b2(.b(b'(-b!/b-"&b(+b
&('2b(+b&(+Hb+Ib.,b"-b,bb!$b('b2(.+b%(' +Ib&(+b(+&%b)+(,,Hb

(+b2(.b,-_(+0+b-(b'(-!+b!)-+b0"-!b&(+b,+'b,'),!(-,b'b0+b
" +&,Ib-$bb&(&'-b-(b+%-b('b-!",Jb'%,,b2(.b -b"',-+.-"('%b," 'b+" !-Ib
-!'(%( 2b'b('%2b"'+,b-!b,)b'b+-"'-2b(b"%.+Hb

>CDBE3D9?>1<
45C97>
45D5B=9>5C
5F5BID89>7
5<C5

',-+.-"('%b," 'b-+',%-,b-!b!" !_%/%b)+(#-b (%,b-(b!(",b(+b-!'(%( 2Ib
('-'-Ib'b/+2-!"' b%,Hb!b"',-+.-"('%b," 'b(b_%+'"' b"'(+&,b","(',b('b
0!-b.-!(+"' b-((%,Ib&' &'-b,2,-&,Ib'b(-!+b-!'(%( ",b-(b.2b(+b%"',Hb
',-+.-"('%b," 'b"+-,b-!b/%()&'-b(b('-'-b'b-!b,%-"('b(b&"Hb -b
(+!,-+-,b","(',b('b. -Ib,!.%Ib'b(-!+b,)-,b(b)+(#-b/%()&'-Hb(Ib
," 'b2(.+b"',-+.-"('b$'b.2"' b-!'(%( 2b(+b++."-"' b'0b,-b&&+,Hbb

??4
45C97>
31>
@B5F5>D
3?==?>
619<EB5C

Y/b('b) ( "%b.-(),",b('bb%(-b(b"%b_%+'"' b)+(#-,b(/+b-!b2+,b'b
!/b,'b%+%2b-!-b&(,-b"%.+,b'bb-+b$b-(bb(+b'('_1",-'-b"',-+.-"('%b
," 'Hb.!b"%.+,b+b(-'b%&b('b-"/b-!'(%( 2Ib"'*.-b. -Ib%$b(b
-"&Ib(+b"',.""'-b&' &'-b,.))(+-Hb.-b-!,b.,,b+b+%%2b,('+2Hb!b
)+(#-b+'b(.-b(b-"&Ib&('2Ib'b&' &'-b)-"'b.,b(b(&&('b"%.+,b(b
"',-+.-"('%b," 'Ib,.!b,Jb

,3#(!H.)H."H.))H'/"Hb ',-b(b"' b)+",%2b-+ -Ib(#-"/,b0+bb
%.'+2b%",-b(b/+2-!"' b/+2b,.#-_&--+b1)+-b'b&' +b('b-!b)+(#-b
-!(. !-b'2b%+'+b&" !-b,(&2b'b-(b$'(0Hb

#&#(!H.)H."H1".H*)*&H,&&3H(Hb((b(-'b)+(#-,b-+2b-(b-!b",(''-b
$'(0% b0!'b)()%b'b))%"%b,$"%%,Hb +'+,b(b'(-b/%.b,.!b(#-"/,b
'b).-b%"--%b(+-b"'-(b%+'"' b-!&Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

'#..#(!H-/**),.#(!H)$.#0-Hb+(#-,b(-'b(''-+-b('b-!b1)%""-b (%,b'b
(+ -b-!b.'+%2"' b&(-"/-"('b'b.'&'-%b,$"%%,b',,+2b-(b)+()%b'b
/%"-b%+'"' Hb(.+,,b+b#&_)$b0"-!b0!-b)()%b,!(.%b$'(0b(+b
.'+,-'b.-b""'-b"'b0!-b-!2b&.,-b%"/b(+b%Hb

"#(!H1".H#-H-3H.)H."Hb."%+,b(b_%+'"' b(-'b-$b-!b,2b+(b'b
-!b0!-b",b,2b(+b.'b-(b-!b+-!+b-!'b0!-b%+'+,b+%%2b'Hb
-+b%%Ib
%+'+,b+b&(+b%"$%2b-(bZ%"$Zb-!b(.+,b"b0b&$b"-b,2Hb

),#(!H(H ,/-.,.#(!H&,(,-;H '2b)+(#-,b0,-b%+'+,Vb-"&b2b-!"' b0!-b
-!2b%+2b$'(0b(+b'b,"%2b" .+b(.-b('b-!"+b(0'Hb

),#(!H*)*&H.)H&,(H#(H13-H."3H #(H1%1,H(H',,--#(!Hb(&-"&,b
+-(+,b(b_%+'"' b"&)(,b-!"+b(0'b)+++b%+'"' b,-2%,b('b%+'+,b(+b0!(&b
-!,b,-2%,b+b-(-%%2b.',."-Hb

F?94
214
9>CDBE3D9?>1<
45C97>
=?45<C

',-+.-"('%b," 'b",b'(-b+($-b,"'a"-Y,b!++Hb
'b,(&b(b"-,b"%.+,b+b/'b
&(+b,)-.%+b-!'bb+-0!%"' b"-'b b&",,"%Hb+b+b,(&b(&&('b
&-!((%( ",b(b'('_," 'Jb






Ib0!"!b,-',b(+b+bb))+Ib+bb))+Ib+bb))+Ib'b
0+"-bb))+Hb -b",bb,b,-)%b(b +.-b.'"/+,"-2b(.+,,b'b(',-"-.-,b-!b('%2b
"',-+.-"('%b," 'b,(&b-'.+b.%-2b,&b)%b(Hb

%HE'<H3%HE'<H,%HE'<H(H.,%HE'<b0!"!b",b," 'b-(b('(&"%%2b!'%b
%+ b'.&+,b(b%+'+,Hb 'b"-Ib-!b"',-"-.-"('b'+(%%,b%+ b'.&+,b(b)()%bOZ)$b
Y&ZPIb%-.+,b-(b-!&bOZ2$bY&ZPIb-,-,b-!"+b+ .+ "--"/b"%"-",b-(b',.+b
('(+&"-2b'b(&)%"'bOZ+$bY&ZPIb'b+(+,b1-',"/b,--",-",b-(b+-b-!b
"%%.,"('b(b%+'"' bOZ-+$bY&ZPHb

,(H(H-),(bO

b(/+b-!b(+)(+-b
,,-,Pb(+b&+!,b%+'+,b-!+(. !b
,+',b%",-"' b+%/'-b%0,b'b+ .%-"(',b'b+*."+,b-!&b-(b$'(0% b!b
,+'b0"-!b-b%,-bb.--('b%"$Ib0!"!b-!b(.+,b,+.).%(.,%2b+(+,b,b)+((b-!-b
"-b0+'b&)%(2,b "',-b(+"'b!/"(+Hb!b2'"%b (%b(b,.!b-+"'"' b",b,(b
-!b(+ '"3-"('b'b,2IbZIb"-Y,b'(-b(.+b.%-b-!b&)%(2b!/b%2HZb!b
).+)(,b(b,.!bW(&)%"'Xb(.+,,b",b'(-b%+'"' b(+b"&)+(/b!/"(+b.-b
&(.'-"' bb% %b',Hb

#&&H#(H."H&(%-Hb '2b," '+,b,-+-b(.-b0"-!bb-&)%-b(.+,b0!(,b,%(-,b-!2b
"%%b0"-!b!.'$,b(b,.#-_+%-b('-'-Hb!",b,-+- 2b",b/+2b(&&('b&(' b%(0_
(,-b('-'-b/%()+,b0!(b.,b&"'"&.&_0 b()2_'_),-b+(',b-(b."%b
(.+,,Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

)/&(E.H#.HH))&H# H>bO

b_!,"' Pb(',",-,b(b-+2"' b-(b"&)+,,b%+'+,b(+b
&' &'-b2b.,"' b-!b%-,-b "3&(b(+b-!b-+'",-b-!'"*.Hb2&)-(&,b(b-!",b
&-!((%( 2b"'%.b,(_%%b," '+,b,)'"' b&(+b-"&b-%$"' b(.-bZ0(0b
-(+Zb-!'b(.-b%+'"' a'b'/+b(&)%-"' bb)+(#-b(+b%.'!"' b
,"02,b"'-(bb*.,-b(b-!b'1-b-!'(_Hb

(!$!$
"'$!$

?>OD
5H@53D
1
7E1B1>D55
?6
<51B>9>7

(&b"',-+.-"('%b," 'b1)+-,b%"&b-!-b-!"+b&-!((%( 2b .+'-,b,.,,.%b
%+'"' Hb!2b%"Hbb''(-b .+'-b'2b(.-(&b"'/(%/"' b&(+b-!'bb0b!.&'b
"' ,Hb()%b+b,"&)%2b-((b.')+"-%Ib'b(.-,"b-(+,b"'-+.Hbb

"$b"-b(+b'(-Ib,(&b)()%b+b ("' b-(b"%b+ +%,,b(b0!-b-!b," '+b'b-!+b

(Hb(&b''(-bb&(-"/-b-(b%+'Hb(&b%$b,"b%+'"' b,$"%%,Hb-!+,b,-+. %b
0"-!b%+'"' b","%"-",Hb '-+'," '-bb--"-.,b+b(&&('Hb.,-'b.,b'b
&'-%b"%%',,b+b1-+&b,,Hbb''(-b.'(b& b('b(/+bb%"-"&b'b'(-b
%+2b(++-b2b)+'-,Ib+"',Ib,)(.,,Ib(,,,Ib(_0(+$+,Ib),2!(%( ",-,Ib'b
,b(b,!((%"' Hbb

'%2b2b%(0+"' b,-'+,b,.""'-%2bOW.&&2"' b(0'b-!b%+'"' XPb'b0b',.+b

-!-b/+2('b))+,b-(b,.Hb("' b,(b.,.%%2b"%,b-!(,b&(,-b%"$%2b-(b&,-+b0!-b
2(.b-!Ib))%2b"-b-"/%2Ib'b-!b-!(,b+(.'b-!&Hbb
('V-b%&b2(.+,%Hb('V-b)%2b-!b(%b.--,_"'_,-,b &b0!+b%+'"' b",b/%.-b
2b!(0b&'2b)()%b,"-b-!+(. !b"-Hb
'Ib('V-b "/b.)b('b'2b%+'+,Hb(',"+b0!-!+b
/+2('b+%%2b',b-(b%+'b0!-b2(.b+b-!"' Hb'b-!2b%+'b2b(-!+b&',b
O)Hb;>PMb ',-b(b%+'"' b-!b,.#-Ib'b-!2b,.b2b,$"' b(+b"' b"+-b2b
-!(,b2(.b(b.-Mb

@@<I
45C97>
D?
1<<
E>9DC
?6
5<51B>9>7

," 'b&.,-bb))%"b-b%%b%/%,b(b_%+'"' b+(&b0!(%b.++".%b(0'b-(b
"'"/".%b&"b(&)(''-,Hb -b",b"&)(+-'-b-(b.'+,-'b-!,b.'"-,b.,b-!2b
"'%.'b0!-b," 'b-!'"*.,b0b.,Hb(+b)+("' Ib%-V,b -b(.+b-+&"'(%( 2b
,-+" !-Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

b

-b-!b-()b(b-!b)2+&"b+b*''*!Ib)+( +&,b-!-b"'%.b+%-b(.+,,b-!-b%b-(b
b +b(+b+-""-b"'bb,.#-b+Hbb

b.++".%.&b",b-2)"%%2b(&)(,b(b$*'((Ib!b(b0!"!b-!,bb+(b.-b,)""b
+b(bb,.#-Hbb&" !-b%,(b%%b,.!b.'"-,b$$ (8(+8 #$,!8%'$*)(28(.+,_%/%b
," 'b",,.,b+b",.,,b"'b('%"'b!)-+b9;Ib)')8($#(38-8!(+-('H(&^%^Hb

(.+,,b+b(&)(,b(b%.,-+,b(b,&%%+b(&)(''-,b%%b!(($#(Hb!b%,,('b",b
(+ '"3b-(b(&)%",!b('b(b-!b+(b(#-"/,b(b-!b(.+,b(+bb%.,-+b(b+%-b
(#-"/,Hb'%"'b!)-+b9:Ib (($#(Ib-b!(+-('H(&^%^b0"%%b!%)b2(.b," 'b%,,(',Hb

-bb%(0+b%/%b+b-!b"'"/".%b)$%(Kb!b," 'b-(b(&)%",!bb,"' %b%(0_%/%b

%+'"' b(#-"/Hb()",b+b(-'b," 'b,b,%_('-"'b%+'"' b(#-,Hb(+b!%)b
," '"' b-()",Ib-.+'b-(b!)-+b>Hb
+b-!b(--(&b%/%b+b!'##8)+)(Kb!b," 'b-(b)+(/($bb,)""b%+'"' b
1)+"'Hb!b-"/"-2b&2b',0+bb,)""b*.,-"('b(+b&$bb)("'-Ib.-b'(b,"' %b
%+'"' b-"/"-2b",b,.""'-b-(b(&)%",!bb%+'"' b(#-"/Hb
-"/"-",b+b-!b,.#-b
(b!)-+,b:b-!+(. !b<Hbb
-"/"-",b.,b-(b&,.+b%+'"' b+b%%b-,-,b'b+b-!b
,.#-b(b!)-+b=Hb
"'%%2b-!+b+b-!b&"b%&'-,Jb-!b0(+,Ib)"-.+,Ib/("Ib&.,"Ib,(.'b-,Ib
'"&-"('Ib'b/"(b-!-b)+,'-b-"/"-",b-(b%+'+,Hb!,b+b'(-b(/+b"+-%2b"'b
-!",b(($Hb

(.+,,b'b%,,(',b&2b,(&-"&,bb," 'b,b%+'"' b(#-,Kb!(0/+Ib-!",b-+&b",b

&(,-b(&&('%2b))%"b-(b-()",Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
(53?7>9J5
F1B9?EC
>1=5C
6?B
<5F5<C

!b!"++!2b(b.++".%.&Ib(.+,Ib%,,('Ib-()"Ib-"/"-",Ib'b&"b",b(&&('b.-b
'(-b.'"/+,%Hb(.b&2b'(.'-+bb/+"-2b(b(-!+b'&,b(+b-!,b%/%,Hb -V,b,b,(&b
%-+'-"/,Jb

(!$!$
"'$!$

b
!b b,-'+bO000H%'-H (/Pb++,b-(b(.+,,b'b%,,(',b,b$#)#)8
')$#(Hb()",b+b%%b('!8$#)#)8$)(Ib(+b(Ib(+b,!(+-Hb
'2b('-'-b
%(0b-!b%/%b(bb-()"b",b%%b'b(()Hb

-!+b'&,b(+b.'"-,b+b(&&('b"'b,)""b.'"/+,"-",Ib(+)(+-"(',Ib-((%,Ib'b
&-!((%( ",Hb(+b"',-'Ibb.++".%.&b&" !-bb%%bb!''.Ib%'$'"Ib(+b%$')$!$Hb
',-b(b(.+,Ib0b&" !-b.,b-!b-+&b$*"#)Ib$$ Ib(+b%)Hb ,,(',b+b,(&-"&,b
%%b%)'(b(+b"$*!(Hb
b-()"b&2bb%%bb) b(+bb'*(!8!'##8$)bO b
(+b,!(+-PHb 'b/"+-.%_%,,+((&b%+'"' Ib-()",b*.-b-(b/'-,Hb
-"/"-",b+b+(. !%2b
*."/%'-b-(b0!-b,(&b%%b!$ (b(+b)#8%$#)(Hb "b%&'-,b&2bb%%b
#$'")$#8$)(8(+8(()(Hb b-!,b-+&,b(b'(-b&-!b-!b(',b-b2(.+b(+ '"3-"('Ib(b
'(-b+-Hb .,-b0+"-b"'b2(.+b(0'b'&,b(+b-!,b.'"-,Hb

*9=5
6?B
1
B51<
5H1=@<5

-V,b,b!(0b-(b))%2b-!,b%/%,b"'b-!b+%b0(+%Hb+b",bb,%"b(0'b-!+(. !bb,"' %b
,.#-b+Jbb
/,,#/&/'=H ,-+V,b(b.,"',,b
&"'",-+-"('b)+( +&Hb
)/,-=H W
(.'-"' b989HXb
--)(=H W
,,-,b'b ""%"-",HXb
)*#=H W/%.-"' b,,-,HXb

.#0#.3=H ,"' bb,)+,!-b-(b%.%-b-!b/%.,b(b,,-,Hb
#H ("_(/+b'"&-"('b1)%"'"' b-!b(')-Hb
"/b,)+,!-b.,b"'b'b-"/"-2Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

)$
'+!"/
$
(""/


+%"+b"'b-!b!)-+b b)+(&",b2(.bb-+"b'b-+.b))+(!b-(b_%+'"' b," 'Hb%%Ib
!+b"-b",Hb
_%+'"' b'"-,b&(,-b+(&bb+)"Ib2%"%b," 'b)+(,,Hb 'b-!",b,-"('b2(.b0"%%b"'b
b&"'"&%",-Ib0,-_'(_-"&Ib+,.%-,_(.,b))+(!b-(b,)"2"' b_%+'"' b-!-b
-.%%2b0(+$,Hb!",b)+(,,b(&"-,b.'',,+2b,-),b'b(''-+-,b('b-!b," 'b-,$,b
-!-b'!!.b&--+Hb

'b-!b"'-+,-b(b,)2b%+'"' Ib0Y%%b,-+-b0"-!bb)+/"0Ib(/+/"0Ib,.&&+2Ib'b#(b
"b%%b+(%%b"'-(b('Hb
'b
(bb/+,"('b",b/"%%b-b!(+-('H(&^%^Hb(0'%(b
"-Ib)+"'-b"-b(.-Ib'b)"'b"-b-(b2(.+b0%%Ib0!+b2(.b'b++b-(b"-b-!+(. !(.-b2(.+b)+(#-,Hb

b
b
!b"+,-b,-)b"'b*."$b"',-+.-"('%b," 'b",b-(b%+"2b-!b (%b(b2(.+b)+(#-Hb!",b",bb
,"&)%b-0(_,-)b)+(.+Hb"+,-b2(.b'"%b(0'b0!-b&--+,b-(b2(.+b(+ '"3-"('a-!b
('b,)(',(+"' b/%()&'-b(b%+'"' Hb ,b"-b)+("-b(+b).%"b,+/"Mb-.+'b('b
"'/,-&'-b(+b+).--"('Mbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
1-b2(.b,+"b!(0b2(.+b)+(#-b0"%%b('-+".-b"+-%2b-(b-!-b(+ '"3-"('%b (%Hb b
2(.b+0bb%'$b-b-!",b)("'-Ib'%b-!b)+(#-b'(0b(+b0,-"' b+,(.+,Hb'b2(.b
(b"'b!(0b2(.+b)+(#-b('-+".-,Ib2(.b!/bb,(%"b,",b-(b,$b(+b.'"' b'b
(-!+b,.))(+-Hbb
!b'1-b,-)b",b-(b0+"-b-!b(/+%%b%+'"' b(#-"/Hb!",b(#-"/b,--,b!(0b2(.+b


_%+'"' b!' ,b-!b%+'+Hb -b,+",b-!b'b+,.%-b(b%+'"' Hb!-b(#-"/Ib

(!$!$
"'$!$

!(0/+Ib&2b!/b)++*.","-b(#-"/,Hb
'b-!(,b,('_%/%b(#-"/,b&2b!/b
)++*.","-,b,b0%%Hb(.b$)b"'-"2"' b)++*.","-b(#-"/,b.'-"%b2(.b+!b-!b
,-+-"' b"%"-",b(b"'-'b%+'+,Hbb
b.,bb,"&)%b(+&.%b-(b,--b(#-"/,Jb!b!# b-(b!# b0!(b!# Hb2)"%%2b"-b-$,b
-!b(+&Jb-!bb(*)b-(bb'$*%8$8%$%!b0!(b #$,8')#8)#(b%+2Hb!b"+,-b,%(-b
+(+,b0!-b0b"'-'b-(b-!Hb -b",b0!-b0b0'-b-!&b-(b+-Ib"Ib(Ib$'(0Ib
%"/Ib(+b%Hb!b,('b,%(-b'&,b-!b +(.)b(b%+'+,b0!(b&.,-b(&)%",!b-!",b
(#-"/Hb -b,+",bb +(.)b(b%+'+,Hb!b-!"+b,%(-b+(+,b)++*.","-,b(+b-!b
(#-"/Kb(+b1&)%Ib0!-b,)-,b(b-!b,.#-b-!b%+'+,b&.,-b%+2b$'(0b(+b0!-b
-!2b&.,-bb%b-(b(Hb -b&2b)("'-b-(b(-!+b(#-"/,b-!-b,-",2b-!,b)++*.","-,Hbb

!b%+'"' b(#-"/b+*."+,b.,b-(b," 'bb%+'"' b(#-b-(b(&)%",!b-!-b

(#-"/Hb!-b(#-b+*."+,b-0(b-2),b(b('-'-Jb%+'"' b-"/"-",b'b-,-,Hbb
,-,b+b*.,-"(',b(+b(-!+b-"(',b-(b/+"2b-!-b%+'"' b(.++b'b-!b(#-"/b0,b
(&)%",!Hb

+'+,b(&)%-b%+'"' b-"/"-",b"'b(++b-(b%+'Hb!+b+b.,.%%2b-!+b-2),b(b
%+'"' b-"/"-",b+*."+Jb-!b%+'+b($'(b$'(0% b2b+"' b(+b0-!"' Kb-!b
%+'+b$(b)+-"b(+b",(/+2b-"/"-",b-(b)'b%+'"' Kb'b%+'+,b(&)%-b
-"/"-",b," 'b-(b$##)b0!-b-!2b+b%+'"' b-(b-!"+b%"/,b'b0(+$Hbb
'%2b-+b,)"2"' b-!b-"/"-",b'b0b&$b!(",b(b0!-b&"b-(b&)%(2Jb0(+,Ib
)"-.+,Ib,(.',Ib'b,(b(+-!Hb
-b-!",b)("'-Ib0b&.,-b%,(b$)b'b()'b&"'Hb+!),b
-!b,-b02b-(b"&)%&'-b-!b-"/"-2b",b'(-b0"-!b%-+('"b&"Ib.-b0"-!b))+b'b
)'Hb!b,-b02b-(b)+(/($b-!b'b%+'"' b1)+"'b&2b+*."+b-"/"-",b
)+(+&b02b+(&b-!b(&).-+Hb.+b","(',b!+b&2b%b.,b-(b%'b
('/'-"('%b'b%-+('"b%+'"' b(+b-(b.,b'('_%+'"' b,(%.-"(',b,b0%%Hb

('V-b0(++2b"b-!",b)+(,,b",b'(-b+2,-%b%+b(+b(,b'(-b,&b-(b(/+b/+2b)(,,"%b
,"-.-"('Hb b0"%%b1)%"'b!b(b-!,b,-),b"'b&(+b-"%b'b,. ,-b!(0b2(.b'b/+2b"-b
-(b&-b'2b'Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
45>D96I
I?EB
E>45B<I9>7
7?1<

," 'b,-+-,b0"-!bb (%Hb(.b&2bb," '"' b'b("b."%"' b(+bb&('.&'-%b
,.%)-.+Hb(.b&2bb," '"' bb+($-b(+b'b.-(&("%Hb(.b&2bb," '"' b
_%+'"' Hb(+b2(.b'b," 'b'2b(b-!,b-!"' ,Ib2(.b&.,-b$'(0b0!-b"-b",b2(.+b
," 'b&.,-b(&)%",!Hb
-!+b-!'b,-+-b%",-"' b-!b-!"' ,b2(.b0"%%b(&)%",!b(+b%+'+,Ib-!"'$b(.-b0!-b2(.b
0"%%b(b(+b2(.+b&)%(2+Ib2(.+b,)(',(+Ib(+b2(.+b"''"%b$+,Hb!-b(,b2(.+b
(+ '"3-"('b!()b-(b(&)%",!Mb(.+b (%b&" !-b%(($b%"$b('b(b-!,Jb

+-"2b9=8b'.%+b)(0+b)%'-b()+-(+,Hb

.-b(,-,b(b.-"('b2b=8Bb(/+b-!b'1-b2+Hb

.b.%%2"' b&(' b,-.'-,b"'b(.+b&"%b,!((%,Hb

."$%2b)+)+bb %(%b&+$-"' b)%'b-(b,%%bb'0b%"'b(b)+(.-,Hb

.-b&"," '(,,b(b--+2b"%.+,b2bA8BHb

+'bF:88I888b2b,%%"' b(.+,,Hb
)b-!b(+ '"3-"('%b (%b"'b&"'b,b2(.b&$b(-!+b","(',Hb+"-b-!",b (%b('bb
'(-b+b'b-$b"-b-(b2(.+b0%%Hb/+2b2Ib,$b2(.+,%JbW(0b&b b!%)"' b!"/b
-!-b (%MXb

C;
G81D
=1DD5BC

(.+b(/+%%b (%b-%%,b2(.b0!-b+%%2b&--+,Hb(b%+"2b-!",b (%Ib2(.b'b-(b',0+b
-0(b*.,-"(',Hbb
!b"+,-b*.,-"('b",bW!-b&--+,b-(b2(.+b(+ '"3-"('MXbb&" !-b)!+,b-!b*.,-"('b
-!",b02JbW(+b2(.+b(&)'2Ib.'"/+,"-2Ib)+-&'-Ib (/+'&'-Ib(+b"',-"-.-"('Ib0!-b",b
-!b,"' %b&(,-b"&)(+-'-b&,.+b(b,.,,MXb+2b-(b',0+b"'b-!+b0(+,b(+b0+Hb
!-b+,-+"-"('b(.,,b2(.+b (%Hb!b (%b&" !-bb(--(&_%"'b)+("-b(+b+-.+'b('b
"'/,-&'-Hb+b"-b&" !-bb).%"b,+/"b(+b"+,-_+-b+).--"('Hb'b('b(b(.+b)+(#-,Ib
-!b'--b+(.)Ibb(',.%-"' b"+&b,)"%"3"' b"'b-!"' b)+(#-b&' &'-Ib
"'-""b-!"+b (%b,Jb

b
!2b" .+b"b-!2b--+-b'(. !b%"'-,Ib+/'.,b'b)+("-,b0(.%b(%%(0Hbb

!b,('b*.,-"('b,$,b!(0b2(.+b)+(#-b0"%%b!%)b(&)%",!b-!-b (%Hb b&b'(-b,2"' b

2(.+b_%+'"' b0"%%b(&)%",!b-!b (%b2b"-,%Ib.-b2(.b+-"'%2b,!(.%bb%b-(b,--b
!(0b"-b0"%%b('-+".-Hb b2(.b''(-b('/"'"' %2b'b!(',-%2b+ .b-!-b2(.+b)+(#-b
('-+".-,b-(b-!b (%Ib(',"+b'%"' b-!b)+(#-b'(0Hb"-!(.-b,.!b%" '&'-b0"-!b

b
 '$!$
-
(!$



(!$!$
"'$!$





b
(+ '"3-"('%b (%,Ib2(.+b)+(#-b&2b+.'b(.-b(b&('2Ib-"&Ib'b&' &'-b,.))(+-Hb
--+b-(b,-()b'(0b(+b'- ('"3"' b-!b&' &'-b(b2(.+b(+ '"3-"('b2b0,-"' b
+,(.+,b('b'b'/(+b-!-b(,b'(-b&--+b-(b-!b(+ '"3-"('Hbb
-V,b%(($b-b!(0b-!",b*.,-"('b0,b',0+b(+b-!b'--b+(.)Jb

(!$!$
"'$!$

b
!b)+()(,b)+(#-b0,b"&b-b +'+"' b&(+b%"'-,b2b('/"'"' b)(-'-"%b%"'-,b
-!-b.'+,-'"' b'--b!+-,Ib0!"!b+bb(&&('b-((%b(b)+(#-b&' &'-Ib(.%b
&$b-!&b&(+b,.,,.%b'b-!-b-!b'--b+(.)b0,b-!b,(.+b(+b-!-b
.'+,-'"' Hb

?>C945B
1
G945
B1>75
?6
7?1<C

+ '"3-"('%b (%,b+b'(-b%"&"-b-(b)+("-b(+b+-.+'_('_"'/,-&'-Hb,+/b0!-b2(.+b
%+,b&)!,"3b,b-!b/%.,b'b (%b(b-!b(+ '"3-"('Hb+b+b,(&b)(,,""%"-",Hb

3*H!)&H -,#*.#)(H -/,-H

"''"%H ('-+2b,.,,b(bb 

+("-b&(.'-b'b&+ "'Hb
(+_)+("-b(+b'(-_(+_ 

,!b%(0Hb
)+("-b'-+)+",Hb 

-($b)+"Hb



'-.+b)"-%Hb
.'+","' Hb
'-%%-.%b '(0% b-!b 

.-"('b%/%b(b,-Hb
)"-%H (+ '"3-"('b('-+(%,Hb 

+(,,"('%b1)+"'b(b,-Hb


-,b(b--+-"' b'b+-"'"' b-%'-Hb
 -'-,Ib"'/'-"(',Ib'b-+b,+-,Hb

(.'-,Ib%"'-,Ib,)(',(+,Hb
.,-(&+,H (',.&+,b(b-!b

 -.'-,Hb
(+ '"3-"('V,b,+/",b


+$-b,!+Hb
(+b)+(.-,Hb

 -'-"('b(b,,'-"%b&)%(2,Hb
&)%(2,b -b(b-!b

 &)%(2b&(+%Hb
(+ '"3-"('Hb

 +-"/"-2b'b)(,"-"/b--"-.,Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

3*H!)&H -,#*.#)(H -/,-H

 "&b-(b&+$-Hb
)+-"(',b ""'2b'b,)b

 (,-b)+b.'"-Hb
0"-!b0!"!b-!b


"%"-2b"'b!' "' b.,"',,b)+(,,,Hb
(+ '"3-"('b)+(+&,b

"-,b&",,"('Hb
 '.,-+2b0+,Hb
).--"('H .%"b"& b(b'b

 '$"' ,b'b+-"' ,Hb
(+ '"3-"('Hb

 (&&.'"-2_,+/"b0+,Hb
b

45>D96I
D85
B51<
7?1<C

('V-b#.,-b+b%(-2b&",,"('b,--&'-,b'b%",-'b-(b%(0+2b,)!,b2b2(.+b)+,"'-Hb
!,b+b(-'b-((b,-+-b'b.,.%%2b," 'b(+b1-+'%b(',.&)-"('b('%2Hb ',-Ib
(b2(.+b(0'b+,+!Hb+b+b,(&b-!'"*.,b-(b-+2Jb


,$b2(.+b%+,b!(0b-!2b1)-b2(.b-(b('-+".-b-(b-!b,.,,b(b2(.+b
(+ '"3-"('Hb-'b0b"%b-(b,$b(+b+b(b,&"' b(.-b(b-(.!b(+b%"' b0b,!(.%b
%+2b$'(0Hb (,-b+%b%+,b+b%" !-b0"-!b,.!b*.,-"(',Hb

'-"2b0!-b",b+."%b-(b,.+/"/%b(b2(.+b(+ '"3-"('b(+b(&)%",!&'-b(b"-,b
&",,"('Hb(bbb,+!b.,"' b$20(+,b(bW,.+/"/%Xb'bW+",",Xb%(' b0"-!b-!b
'&b(b2(.+b(+ '"3-"('b(+b"-,b&+$-b, &'-Hb

,+/b0!-b+,b+b"' b.-b$b'b0!-b+,b+b1)'"' b0"-!"'b2(.+b
(+ '"3-"('b'b2(.+b"'.,-+2Hb

,+!b0!-b",b"&)(+-'-b-(b(+ '"3-"(',b%"$b2(.+,Hb(',"+b(&)-"' b
(+ '"3-"(',b'b-!(,b"'b'%( (.,b"%,Hb

(',.%-b% %%2b"'"' b,--&'-,Ib,.!b,b"''"%b+)(+-,b'b.+"-",b'b
1!' b(&&",,"('b+)(+-,Hbb+.%%2b,-"(',b('b)%''b +(0-!b'b+%-b
+",$,Hb

"9>;
<51B>9>7
?2:53D9F5C
D?
?B71>9J1D9?>1<
7?1<C

+-bb+" b(''-"' bb!" !_)+"(+"-2b (%b(b2(.+b(+ '"3-"('b'b-!b%+'"' b
(#-"/,b(b2(.+b_%+'"' b,(b(-!b.,"',,b&' +,b'b"',-+.-"('%b," '+,b,b
-!b/%.b(b_%+'"' b-(b-!b(+ '"3-"('Hb(-"b!(0b-!",b,--&'-b)+(/",b#.,-b,.!bb
+" Jb

"," '(,"' b--+2b"%.+,b(,-,b
'--+2b(&)'2b&"%%"(',b(b(%%+,b

)+b2+b"'b+)%&'-b(,-,b'b.,-(&+b ((b0"%%Hb (,-b&"," '(,,b(.+b
.,b.,-(&+b,+/"b-!'""',bO,Pb''(-b"'-"2b-!b.'+%2"' b
)+(%&b+(&b-!b,2&)-(&,b,+"b2b.,-(&+,Hb2b-!"' b,b-(b
"'-"2b-!b.,b(b"%.+Ib0b'b+.b&"," '(,,b2bA8BHb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
b-(b,2Ib&'2b"',-+.-"('%b," '+,b,-.(+'%2b+.,b-(b(',"+b-!b.'+%2"' b
(+ '"3-"('%b (%b0!'b," '"' b"',-+.-"('Hb!2b(b'(-b%b-!-b(+ '"3-"('%b (%,b
+b-!"+b+,)(',""%"-2Hb
,bb+,.%-b-!2b," 'b(.+,,b-!-b(&)%",!b%"--%b(+b%,b"b(+b
%$b(b(+ '"3-"('%b,.))(+-Hb!",b",b-+ "b.,b"-b('%2b-$,b-0(b*.,-"(',b-(b%" 'b
%+'"' b(#-"/,b-(b(+ '"3-"('%b (%,Hb

(!$!$
"'$!$

>1<IJ5
<51B>5BCO
>554C
1>4
129<9D95C

!(,b,$"%%,Ib$'(0% Ib'b--"-.,b+b2(.b-+2"' b-(b%-+Mb(+b2(.b'b," 'b
_%+'"' b(+b)()%Ib2(.b&.,-b$'(0b'(. !b(.-b-!&b-(b!((,b-!b-2),b(b%+'"' b
1)+"'b-(b,-b-!b-!&Hb(.b&.,-b,,,,b%+'+,Vb)"%"-",Ib'(-b&+%2b
&( +)!",b'b+%-b,-+(-2),Hb&&+Ib"%"-",b'b--"-.,b&--+b&(+b
-!'b#.,-b Ib '+Ib'-"('%"-2Ib'b('(&"b%,,Hbb
!-b)"%"-",b'b-+"-,b+b&(,-b"&)(+-'-Mb

).#0.#)(H ),H&,(#(!Hb!2b0(.%b%+'+,b/(-b-!b-"&b'b(+-b',,+2Mb ,b
"-b-(b(&)%",!b-!"+b.++'-b#(Mb+b-(b*.%"2b(+bb'0b#(Mb
%,(b(',"+b0!(b)2,b
(+b-!b%+'"' Jb-!b%+'+b(+b-!b%+'+V,b&)%(2+Hb

-3")').),H-%#&&-Hb!-b",b-!b%/%b(b-!b%+'+V,b)+)-.%b."-2Ib0(+$"' b
&&(+2b)"-2Ib'b,)b'b)+","('b(b2_!'b((+"'-"('Mb!,b"%"-",b
-+&"'b!(0b%+'+,b'b -b"'(+&-"('b'b"'-+-b0"-!b/",Hb


..#./H(H'#(-.Hb!-b+b%+'+,Vb--"-.,b-(0+b%+'"' b'b-(0+b
.-!(+"-2Mb
+b-!2b"'-+(/+-b(+b1-+(/+-Mb("%b(+b,(%"-+2Mb

(.&H#-#*&#(Hb(b%+'+,b!/bb,!(+-b(+b%(' b--'-"('b,)'Mb
+b-!2b,"%2b
",-+-Mb
+b-!2b,%_&(-"/-b'b,%_",")%"'Mb(b-!2b)++b-(b0(+$b%('b
(+b0"-!b(-!+,Mb'b-!2b,$")b*."$%2b&(' b,"&.%-'(.,b-,$,b(+b(b-!2b'b-(b
(&)%-b('b-,$b(+b&(/"' b('b-(b'(-!+Mb

)''/(#.#)(H-%#&&-Hb(0b0%%b'b-!2b+Ib%",-'Ib,)$Ib'b0+"-b"'b-!b)%''b
%' . b(+b-!b(.+,Mb

)#&H-%#&&-Hb(0b0%%b(b%+'+,b0(+$b0"-!b(-!+,Mb
+b-!2b()'b-(b+"-"",&Mb'b
-!2b&(-"/-b(-!+,Mb'b-!2b(+b&)-!2b'b,.))(+-Mb

&(.-H(H#(.&&#!(-Hb!-b,"b"%"-",b(b%+'+,b)(,,,,Jb/+%Ib/",.%Ib
%( "%Ib&-!&-"%Ib&.,"%Ib)+(+&'Ib-!%-"Ib"'-+)+,('%Ib(+b"'-+)+,('%Mb

#H*, ,(-Hb!"!b&"b(b%+'+,b--'b-(b"+,-Jb/"(Ib +)!",Ib/("Ib
&.,"Ib(+b-1-Mb!"!b(b-!2b(',"+b)+"&+2b'b0!"!b,('+2Mb!"!b(b-!2b
-+-b,b&(+b.-!(+"--"/Mb

%!,)/(H%()1&!H(H2*,#(Hb!-b(b)(-'-"%b%+'+,b%+2b$'(0b
(.-b-!b,.#-Mb(b-!2b$'(0b-!b,"b)+"'")%,Ib/(.%+2Ib'b-1('(&2b(b-!b
"%Mb+b+b-!2b('%2b&"%"+b0"-!b-"%b-,b'b+(-b)+(.+,b0"-!(.-b
.'+,-'"' b-!b" +b)"-.+Mb

b




(!$!$
"'$!$



'$!$
-
(!$


b

,(#(!H)(#.#)(-Hb!+b'b0!'b0"%%b-!2b%+'Mb(0b&.!b-"&b(b-!2b!/b
/"%%b(+b%+'"' Mb(b-!2b!/b-(b%+'b"'b,!(+-b,).+-,b-0'b(-!+b-"/"-",Mb ,b
-!b'/"+('&'-b'(",2b'b",-+-"' Mbb

)/-H) H)(.,)&Hb!-b(b%+'+,b!/b)(0+b(/+Mb'b-!2b!' b-!"+b%+'"' b
'/"+('&'-b'b('"-"(',Mb(b-!2b!/b-!b"%"-2b-(b))%2b0!-b-!2b%+'b"'b-!"+b
2_-(_2b0(+$Mb

.3&H) H*,#),H/.#)(Hb!-b$"',b(b%+'"' b!/b%+'+,b)+-"")-b"'Mb!"!b
0"%%b-!2b"'b&"%"+Mb!"!b-+" +b' -"/b,,("-"(',Mb

#!#.&H &/(3Hb ,b-!b)(-'-"%b%+'+b" "-%%2b'5/b(+bb" "-%b'-"/Mb(b -bb
!'%b('b!(0b%+'+,b.,b-!'(%( 2b"'b-!"+b%"/,b,$b,(&b*.,-"(',Jbb

(0b(b-!2b -b-!"+b'0,Jbb-!+(. !b'0,))+,Ib-%/","('Ib(+b'0,b('bb
&("%b/"Mb

(0b(b-!2b(&&.'"-b0"-!b+"',b'b&"%2Jb2b%--+Ib)!('Ib_&"%Ib(+b
,("%b&"Mb

!-b(b-!2b(b(+b.'Mb(+b1&)%Ib(b-!2b0-!b-%/","('b),,"/%2b(+b
"&&+,b-!&,%/,b"'b/"(b &,Mb

!-b" "-%b,$"%%,b!/b-!2b&,-+Mb(+b1&)%Ib'b-!2b*."$%2b'-+b-1-Ib
"',-%%b'b('" .+b))%"-"('b)+( +&,Ib(+b,+!b(+b"'(+&-"('Mb

!(. !b2(.b&2b"'b"-b)+(.-"/b(+b',,+2b-(b +(.)b%+'+,b2b,!+b

!+-+",-",Ib'/+b(+ -b-!-b%+'+,b+b"'"/".%,b'b'(b-0(b+b1-%2b-!b,&Hb

45>D96I
G81D
D?
D5138

.,,b+*."+,b-!"' b-!b+" !-b-!"' ,Hb+2b-(b-!b-((b&.!b'b2(.b%(0b2(.+b
. -Hb!b-!b0+(' b-!"' ,b'b2(.b(&)%",!b'(-!"' a-b%,-b'(-!"' b)(,"-"/Hbb

(0b(b2(.b-+&"'b-!b%+'"' b',,+2b-(b(&)%",!b'b(+ '"3-"('%b (%Mb

/+%b(+&,b(b'%23"' b',b+b+2b-b!'Hb"'b',b'%2,",b",bb"%b.'-(b
"-,%b0"-!b"-,b(0'b(.+,,b'b(($,Ib b0"%%b#.,-b,.&&+"3b-!b-!'"*.,b!+Hb

*5CD
D?
945>D96I
5CC5>D91<C

((#)!("b",bb-!'"*.b-(b(.,b%+'"' b('b,,'-"%,b'b-(b(&)%",!b (%,a
'b(&"--"' b/+2-!"' b%,Hb!'b)+-"b,+.).%(.,%2Ib,,'-"%",&b,-+&%"',b
.-"('Ib-2)"%%2b%"&"'-"' bA8Bb(b-!b('-'-b0!"%b,-"%%b(&)%",!"' b-!b (%b
--+b-!'b2b.,"' b('/'-"('%b&',Hb

!b(+b(b,,'-"%",&b",b-,-"' b0"-!b)(-'-"%b%+'+,b-(b-+&"'b1-%2b0!-b-!2b
'b'b0!-b-!2b(b'(-b'Hb +'+,b+b "/'bb-,$b-(b)+(+&Hb -b",bb-,$b-!-b
-!(,b0!(b&-b-!b (%,b(b-!b%+'"' b'b(&)%",!b.-b-!(,b0!(b(b'(-b&-b-!b
(%b''(-b(&)%",!Hb +'+,b+b "/'b'(b)+"(+b-+"'"' b.-b+b "/'b,,b-(b
+,(.+,b-!2b0"%%b!/b0!'b-!2b+b1)-b-(b))%2b%+'"' b"'b-!b+%b0(+%Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
+'+,b0(+$b"'b)"+,b,b-!2b--&)-b-!b-,$Hb
-b'2b-"&b-!2b'b,$b*.,-"(',b(b'b
1)+-Ib0!(b'b',0+b-!"+b*.,-"(',b.-b'(-b/(%.'-+b"'(+&-"('Hb!b'-"+b,,,"('b
",b+(+b'b'%23b-(b"'-"2b0!-b%+'+,b,$b(.-Ib0!-b-!2b" .+b(.-b('b
-!"+b(0'Ib'b0!-b-!2b%+'b+(&b(-!+b,(.+,Hb
-+bb(3'b(+b,(b-,-,Ib," '+,b
!/bb)+--2b%+b"b(b0!-b%+'+,b&.,-b%+'b'b!(0b-!2b,-b%+'Hb

,,'-"%",&b",b,)"%%2b-"/b"'b"'-"2"' b,&%%b&",(')-"(',b-!-b%($b,.,,b

(!$!$
"'$!$

"'bb0"b+' b(b",Ib,b0%%b,b,)(--"' b)%,b0!+b--"-.,Ib+-!+b-!'b
$'(0% Ib",b-!b++"+Hb b.,b-!",b-!'"*.b,b&2b)+,('%b,+-b0)('b-(b.-b
)+(#-,b(0'b-(b,"3Hb

>1<IJ5
D85
71@
25DG55>
B51<
1>4
9451<
@5B6?B=1>35

!b).+)(,b(b&(,-b.-"('b",b-(b%(,b ),a ),b-0'b-!b.++'-b,--b(b
%+'"' b'b-!b (%Kb(+b1&)%Ib-0'b.++'-b%/%,b(b)+(+&'b'b+*."+b
%/%,Ib-0'b'(/"b'b1)+-b!/"(+Ib(+b-0'b.',.,,.%b'b,.,,.%b0(+$Hb
)b'%2,",b,$,b0!-b",b'b-(b%(,b-!b )Hb!-b(b-!(,b-b-!b-+ -b%/%b+-Ib
"Ib(+b(b"+'-%2Mb
'Ib",b-!b"+'bb+,.%-b(b0!-b-!2b$'(0Ib%"/Ib(+b
%Mb

+(b-!b )b2b"'-+/"0"' b)()%b('b(-!b,",b(b-!b )Hb,)"%%2b!%).%b+b

,.)+/",(+,b(b +(.),b0!(,b&&+,b,)'b-!b )Hb

>1<IJ5
8?G
G?B;
9C
4?>5

(b'%2,",b1&"',b0(+$b-(b"'-"2b"-,b,"b(&)(''-,b'b0!-b!b(&)(''-b
+*."+,b+(&b-!b0(+$+Hb2)"%%2b'b+b(b0(+$Ib%%bb (%Ib",b"/"b"'-(b$(Ib-!-b
",Ib",+-b)",b(b0(+$b0"-!bb%+b+,.%-Hb (,b+*."+b)( (Ib0!"!b+b.'"-,b(b0(+$b
)+(+&b"'bb('-"'.(.,b,)'Hb,$,Ib"'b-.+'Ib+b&b.)b(bb&"1-.+b(b($#(b'b
)$#(Hb

'b2(.b"'-"2b-!b"'"/".%b","(',b'b-"(',Ib-+&"'b0!-b"%"-",b-!b
%+'+b&.,-b*."+b-(b)+(+&b!b-"('b(+b&$b!b","('Hb

C;
D8?C5
G8?
C8?E<4
;>?G

'," !-b"'-(b0!-b)()%b'b-(b%+'b'b(&b+(&b,$"' b-!(,b0!(b+(.-"'%2b"'-+-b
0"-!b-!&b'b(,+/b-!"+b!/"(+Hb-+-b0"-!b-!b%+'+b'b0(+$b(.-0+b-(b-!"+b
(,,,Ib(_0(+$+,Ib,.(+"'-,Ib.,-(&+,Ib'b%"'-,Hb b2(.b'b-!"%%2b(b,(Ib
(',.%-b-!"+b)+,('%b'b)+(,,"('%b'-0(+$,Hb
(+b#(_+%-b-+"'"' Ibb,.+b-(b,$b"&&"-b,.)+/",(+,Hb"&)%2b,$IbZ!-b(b2(.b
0'-b2(.+b,.(+"'-,b-(b(b"+'-%2MZb b,.)+/",(+,b'/+b&'-"('b-!b,.#-b(b
2(.+b)+()(,b_%+'"' b(+-Ib-$b-!-b,bb0+'"' Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
>1<IJ5
3B9D931<
9>3945>DC

+"-"%b"'"'-,b+b"&)(+-'-b!))'"' ,b-!-b"'"-b-!b)(-'-"%b'b(+b/%.b(b
%+'"' Hb+"-"%b"'"'-,b"'%.b(,-%2b"%.+,Ib0",)+b&",-$,Ib,.+)+","' b
+,.%-,Ib'b"'/%.%b,.,,,Hb

,$b0!-b"b)()%b+-Ib"Ib(+b(bO(+b"%b-(b+-Ib"Ib(+b(Pb-(b.,b
"'"'-,Mb(%%(0b.)b2b,$"' b0!2Hbb!-b"b-!2b$'(0Ib%"/Ib(+b%bO(+b'(-b$'(0Ib
%"/Ib(+b%Pb-!-b.,b-!&b-(b-b,b-!2b"Mb

?
>?D
<5D
D85
3?>D5>D
3?==9DD55
453945

!b0(+,-b02b-(b-+&"'b0!-b-(b-!b",b-(b,,&%bb(&&"--b(b,.#-_&--+b
1)+-,b'b!/b-!&b%",-b%%b-!b-!"' ,b-!2b-!"'$b%+'+,b,!(.%b%+'Hb.!b(+-,b
+,.%-b"'bb%.'+2b%",-b(b/+2-!"' b/+2bZ1)+-Zb-!"'$,b'2b%+'+b&" !-b'b-(b
$'(0Ib'#(2b%+'"' Ib(+b,!(.%b%+'b,bb-,-b(b"'"-"-"('b"'-(b-!b)+(,,"('Hb

.#-_&--+b1)+-,b+b'(-b%"+-%2b",!(',-Ib.-b-!2b(-'b.'(',"(.,%2b%"/b
-!-b-!b (%b(b.-"('b",b-(b++-b-!"+b%/%b'b-2)b(b1)+-",b"'b%+'+,Hb
,bb
+,.%-Ib,.#-b&--+b1)+-,b%",-b/+2-!"' b-!2b$'(0Hb+b/+2-!"' b-!2b!b-(b%+'b
Z$b"'b-!b2HZb+b/+2-!"' b-!2b%(/b(.-b-!b,.#-Hbb
&&+Ib"-b&2bbb%(' b-"&b,"'b-!,b1)+-,b!b-(b%+'b-!b,.#-Hb .!b(b-!b
$'(0% b-!2b(b'(-b+(.-"'%2b))%2b&2bb(.-b(b-Hb
'Ib/'b-!2b(b'(-b
(',"(.,%2b$'(0b&.!b(b0!-b-!2b$'(0Hb!2b&2bb.'&"%"+b0"-!b&(+b""'-b
02,b-(b%+'b-!b,.#-Hb
('Y-b" '(+b,.#-_&--+b1)+-,Ib.-b(b'(-b%"'%2b(%%(0b-!"+b/"b"-!+Hbb ',-b
(b%--"' b-!&b"'b-!b(.+,Ib!/b-!&b/+"2b-!b.+2b(b-!b"'",!b_%+'"' Hb

)5D
<51B>9>7
?2:53D9F5C

((b(#-"/,b+bb&",,"('_+"-"%Ib,"'b*.b'('Ib&.,-_!/Ib&$_(+_+$b
+*."+&'-b(+b-"/b_%+'"' Hb(+ "/b&b(+b,-$"' b.)b,(b&'2b#-"/,Ib.-Ib
0"-!(.-b1)-"('Ib%+b(#-"/,b&$b/+2-!"' b (b--+Hb 'b&2b1)+"'Ib0%%b(/+b
!%b-!b"%.+,b(b_%+'"' b)+(#-,b(.%b!/b'b)+/'-b2b%+b(#-"/,Hb

/+2-!"' b,-&,b+(&b-!b(#-"/,Hb+(&b-!b(#-"/,Ib0b"'-"2b)++*.","-,Ib,%-b
%+'"' b-"/"-",Ib'b," 'b-,-,Hb((b(#-"/,b(.,b(+-,Ib+.b%,b,-+-,Ib'b
.-b0,-b'(+&(.,%2Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
-B9D5
I?EB
<51B>9>7
?2:53D9F5C

'b2(.b!/b%+""b-!b (%b(b2(.+b)+(#-Ib2(.b'b0+"-b-!b)+"&+2b%+'"' b
(#-"/b(+b2(.+b)+(#-Hb!",b(#-"/b,--,b0!-b-!b)+(#-b0"%%b(&)%",!Hbb
!+b+b&'2b()"'"(',b('b!(0b-(b0+"-b(#-"/,b'b(&)%-b&-!((%( ",b('b#.,-b

!(0b-(b)!+,b(#-"/,Hb+!b&3('H(&b(+b(($,b2b(+-b  +b(+b(+-b '4b

(!$!$
"'$!$

'b2(.b0"%%b"'b,(&b1&)%,Hb(+b*."$b"',-+.-"('%b," 'Ib!(0/+Ib b.,bb,"' %Ib
,"&)%b(+&.%b-!-b0(+$,b0%%b%&(,-b%%b-!b-"&Hb -b,--,b%+'"' b(#-"/,b"'b-!+b
)+-,Hb"+,-Ib-!b(#-"/b,--,b-!b"'-'-Ib-!-b",Ib0!-b0"%%bb-. !-Hb('Ib"-b"'-"",b
-!b-+ -b%+'+Hb!"+Ib"-b"'-"",b,-+-"' b+*."+&'-,Hb

b
(+b-!b1&)%b(b-!b(.+,b(#8#))8')(Ib-!b-()_%/%b(#-"/b(b-!b(.+,b0,b
-(b-!b!(0b-(b,!(+-'b)+(#-,Hb -b0,b-(b-!b-!",b,.#-b-(b&"_%/%b&' +,Hb.-b
-!(,b&' +,b!b-(b$'(0b!(0b-(b+( '"3b-!b+"-"%b)-!b"'bb'--b!+-Hb

!b"+,-b,%(-b"'b(.+b(+&.%b+(+,b0!-b0b0'-b-(b-!Ib-!-b",Ib(.+b"'-'-Hb(+b-!b-()b
(#-"/Ib"-b",b-(b+-Ib"Ib(+b(b,(&-!"' Hb(+b%(0+_%/%b(#-"/,Ib"-b&2b%,(bb
-(b$'(0Ib%"/Ib(+b%b,(&-!"' Hbb
!b,('b,%(-b+(+,b-!b +(.)b(b)()%b0b0'-b-(b(&)%",!b-!",b"'-'-Hb b'b'-"+b
(.+,b",b"&b-bb,"' %b +(.)b(b)()%Ib-!",b,%(-b&2b!/b-!b,&b',0+b(+b/+2b
(#-"/b"'b-!b(.+,Hb

!b"'%b,%(-b+(+,b-!b)++*.","-,b',,+2b-(b&$b(&)%",!"' b-!b"'-'-b
)+-"%Hb++*.","-,b+b.,.%%2b,--b,b-!b"%"-",Ib$'(0% Ib%",Ib'b%"' ,b
%+'+,b&.,-b)(,,,,Hb!b)++*.","-,b,%(-b'b!/b&.%-")%b',0+,Ib.-b-!b-!b,%(-b
!,b('%2bb,"' %b"'-'-Hbb

!b)++*.","-b&2b"'b-.+'b+*."+b'(-!+b(#-"/a0"-!b"-,b(0'b)++*.","-,b
%"' b-(b/'b&(+b(#-"/,Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
-81D
=1;5C
1
7??4
?2:53D9F5

((b%+'"' b(#-"/,b+b%+Ib)+",Ib'b0(+-!2Hb -V,b%(($b-b!b(b-!,b
+*."+&'-,Hb

<51B


b%+'"' b(#-"/b,!(.%bb%+b-(b/+2('b"'/(%/b0"-!b"-Hb!b(#-"/b&.,-b-%%b
-!b)+(#-V,b&' &'-b-&b0!-b2(.b"'-'b-(b(&)%",!Hb -b&.,-b "/b-!b," '+b
(b%+'"' b-"/"-",b,)""b-+ -,b-(b!"/Hb
'b"-b&.,-b(&&.'"-b-!bW0!-V,b"'b"-b
(+b&Xb-(b-!b%+'+Hbb

&B539C5

!b%+'"' b(#-"/b&.,-b,)"2b-!b+*."+b%+'"' b"'b'(. !b-"%b-!-b0b'b
&,.+b"-,b(&)%",!&'-Hb(.b&2bb-!"'$"' b-!-b0!-b0b!/b#.,-b%",-b,b'b
(#-"/b",b'(-b(&)%-b(+b)+",b'(. !Hb(++-Hb" !-b'(0Ib"-b",b&(+b(bb (%Hb.-b
('V-b0(++2Kb0b0"%%b-" !-'b"-b.)b(',"+%2Hb

2b/"b",Jb('V-b -b-((b)+",b-((b,(('Hb+%2b"'bb)+(#-Ib"-b",b&(+b"&)(+-'-b-(b
0+"-b(0'b%%b2(.+b(#-"/,b+"%2b-!'b-(b,)"2b-!&b"'b1+."-"' b-"%Hb'b
2(.b!/b%%b2(.+b%+'"' bW (%,Xb,)+b(.-b"'b+('-b(b2(.b'b!/b%"&"'-b
.'',,+2b(',Ib2(.b'b%,!b-!&b(.-b('b-bb-"&Hb

-?BD8I

(.+b%+'"' b(#-"/,b&.,-b%%b('-+".-b-(b(&)%",!"' b-!b.'+%2"' b
(+ '"3-"('%b (%Hb,)(',"%b/%()+,b('-"'.%%2b!$b-!"+b(#-"/,b "',-b-!b
(+ '"3-"('%b (%JbW!2b&b b-!"' b-!",MXbb

*85B5
1B5
C9H
DI@5C
?6
?2:53D9F5C

(&b(&)%1b&-!((%( ",b(+b0+"-"' b(#-"/,b%",-b!.'+,b(b"+'-b-2),b(b
(#-"/,Hb b%",-b,"1b-2),b(b(#-"/,a-!+b)+"&+2b'b-!+b,('+2Hb
))%"b0"-!b
,',"-"/"-2b'b(&&('b,',Ib-!2b,."bAABb(b-!b-"&Hb
',-+.-"('%b"'-'-b'bb1)+,,b"'b-!b(%%(0"' b(+&-Hb!",b(+&-b(',",-,b(bb
,-'+b)+&%b'b('b(b,"1b)(,,"%b(&)%-"(',Hb
3H2*,#(#(!H."#-H)/,-<H&--)(H),H.)*#<H."H&,(,H1#&&=H

,#',3H)$.#0-H )(,3H)$.#0-H
@H&H.)H>AH

,.b(+b," 'b'bb-!-b(,bHb 
()1bb(.-bHb

#bIb "/'bHb 
%"/bHb

)b)+(.+bb-(b(&)%",!bHb 
&bb(.-bHb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
&B9=1BI
1>4
C53?>41BI
?2:53D9F5C

#-"/,b'bb)+"&+2b(+b,('+2Hb+"&+2b(#-"/,b+b-!b.%-"&-b+,(',b(+b
%+'"' b0!"%b,('+2b(#-"/,b'%b(&)%",!&'-b(b-!b)+"&+2b(#-"/,Ib
/'b-!(. !b-!2b+b,%(&b-!b-+ -b+,.%-Hb

(!$!$
"'$!$

b
(-!b+b"&)(+-'-Ib.-b-!b)+"&+2b(#-"/,b+b-!b(',b2(.b&.,-b-!b-(b(&)%",!b
2(.+b(/+%%b(#-"/Hb+"&+2b(#-"/,b+b%'$'"#b(#-"/,b"'b-!-b-!2b)+,+"b
-!"' ,b)()%b0"%%bb%b-(b(b,bb+,.%-b(b2(.+b_%+'"' Hb
,b,.!Ib-!2b+b,(&-"&,b
%%b)'"#!b(#-"/,Hb.-b-!+b'b%,(bb#!#b(#-"/,Ib-!-b",Ib-!"' ,b2(.b-!b
,(b-!-b%+'+,b'b%+'b-!b-+&"'%b(#-"/,Hb('+2b(#-"/,b+b%02,b
'%"' b(#-"/,Hb!2b+b'(-b-!b&"'b (%Ib.-b&2bb,,'-"%Ib'('-!%,,Ib-(b
(&)%",!b-!b)+"&+2b(#-"/,Hbb

(Ib"b2(.b0+"-b-!b$+'!!b(#-"/b(+b2(.+b_%+'"' b'b"-b%(($,b%"$b('b(b-!b
,('+2b(#-"/,b!+Ib+(',"+Hb
,$b2(.+,%Ib0!2b(b2(.b0'-b,(&('b-(b$'(0Ib
%"/Ib(+b%b,(&-!"' Mb!-b0"%%b&-"' b,.!b'b(#-"/b(&)%",!Mb!b',0+b
-(b-!,b*.,-"(',b)"')("'-,b2(.+b)+"&+2b(#-"/Hb

&B9=1BI
?2:53D9F5C
CD1D5
I?EB
7?1<C

+"&+2b(#-"/,b+b-!b (%,b(b2(.+b_%+'"' Ib-!-b",Ib0!-b-!b%+'+b0"%%bb%b-(b
(Hb!b(%%(0"' b-%b%",-,b-!b/+"(.,b(+&,b(b)+"&+2b"',-+.-"('%b(#-"/,b'b
)+(/",b1&)%,b(b!(0b-!2b&" !-bb0(+Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

3*H)$.#0H "(H-#./.#)(HH)/,-<H."H 2'*&-H

&,(,H1#&&H>H

,.H -#!(H),H/#&H(HH.".H)-H Lb-*# 3b-!b%2(.-b(bb"-2b

2'('2&,Jb ;H )+$b-!-b&-,b'/"+('&'-%Ib
b ."%b (-,Jb ,-!-"Ib'b%( ",-"%b
+" "'%"-2b",b+*."+b(+bb +*."+&'-,Hbb
b ," 'b 

b +0b +-b(#-"/Ib'(-b&+%2b Lb1,#.bb)+( +&b-(b1)(+-b
b (&)(,b ."%"' b,(&-!"' b2bb "'(+&-"('b+(&bb(&&('b
+(-b)+(.+Ib(+b"',-'Ib -,b-(b'b b(+&-b
b 2'-!,"3b
)"'-"' b'b(+" "'%b,'b ('-"'"' b#.,-b-!b"'(+&-"('b
b
.-!(+b
.-b'(-b)"'-"' _2_'.&+Hb ,)""Hb
b 'b

+-"('b(,b'(-b!/b-(bb Lb/#&bb9^:<_,%b&(%b(b
b ('"/b
+(&b,+-!Hb"'"' bb'0b -!b)+()(,b0%%"' Hb
b (+&b
.,b(+b'b'"'-b-((%b",bb Lb*.bb '+"b",,-+_
b (+&.%-b
+-b"'-'-Hb(b",b +%"b)%'b-(bb,)""b
b '/'-

,-+&%"'"' b'b,-%",!b -,-+()!Hb
)+(.+Hb

!b-!"' b+-b'bbb
)!2,"%b(#-Ibb(')-Ib(+b
b)%'Hb -b(,b'(-b!/b-(bb
,(&-!"' b(&&('%2b
(',"+bZ+-"/HZb
'2b
"''(/-"('b*.%"",Hb

#H #H;H Lb*#%bb(.+,b(b-+-&'-b

2'('2&,Jb (-,Jb ,b('bb)!2,"%b
b !((,b 2),b(b","(',b"'%.Jb 1&"'-"('b(b-!b)-"'-b'b
,-'+b%((b-,-,Hb
b "$b 
- (+"%bO,^(Ib
b %-b (^(_ (Ib ,^ ,b'(-Ib'b Lb#bb,-+- 2b(+b%"' b

)-^#-PHb 0"-!bb"".%-b(_0(+$+b,b
b -b
('b-!b),-b!/"(+b(b-!b(_
b '$b 
.'-"--"/bO(0b&'2Mb
0(+$+Hb
b +"(+"-"3b (0b&.!MPHb
Lb),,bb,%b+-!+b-!'bb
b (-b 
%-"/bO!"!b('MPb
(.%b!,.+ +Hb
b ,(%/b
b-+.b","('b+*."+,b,(&b
Lb*#%b-&b&&+,b,b
b . b  +b(b#. &'-Ib'(-b
('b0!-b-!2b'b('-+".-b
b ('%.b &+%2b(%%(0"' b'b/%.-"('b
+-!+b-!'b('b&"%"+"-2Ib
b "+'-"-b )+(.+Hb
+"',!")Ib(+b,.)+""%b
b ",+"&"'-b !+-+",-",Hb
b "%-+b

b
 '$!$
-
(!$



(!$!$
"'$!$





b

3*H)$.#0H "(H-#./.#)(HH)/,-<H."H 2'*&-H

&,(,H1#&&H>H

)H )HH.)H)'*&#-"H;H L('bb&('-!Ib)'*&.b-!b

2'('2&,Jb (-,Jb %'.)b)+(.+b-(b+&(/b


"'/%"b_&"%b+,,,b+(&b

(!$!$
"'$!$

b +(+&b 
$b&',b)+(+&"' bb
)+(.+b0"-!(.-b!/"' b -!b&"%"' b%",-Hb
b )+-b
b
-b -(b&$b","(',Hb Lb'#2b,b'b-"'-b(%(+,b-(b
b (',-+.-b 
+(.+,b'bb)!2,"%Ib &-!bb,&)%b)+(/"b2b
&'-%Ib(+bb(&"'-"('Hb -!b.,-(&+Hb
b ."%b
"'b0!-b,.))(+-b0"%%bb Lb&# .b!/2b)$ ,b2b
b ++2b(.-b 

/"%%b.+"' b %1"' b-!b$',b+-!+b-!'b
b
(&)%",!b
)+(+&'Ib(+b1&)%Ib '"' b-!b$Hb
b
++' b
)+(&)-"' Ib!%)b('b Lb**&3b)+"'")%,b%+'b"'b
b (&)%-b
&'Ib(+b0+"--'b %.%.,b989b-(b)+(%&,b
b (&)%2b
"',-+.-"(',Hb '(.'-+b"'b%.%.,b:89Hb
b 1.-b
b &)%&'-b
b

)53?>41BI
?2:53D9F5C
85<@
133?=@<9C8
7?1<C

('+2b(#-"/,b-!b,(&-!"' b',,+2b-(b(&)%",!bb)+"&+2b(#-"/Hb!2b
,--b0!-b-!b%+'+b&.,-b$'(0Ib%"/Ib(+b%Hb

3*H)$.#0H "(H-#./.#)(HH)/,-<H 2'*&-H

."H&,(,H1#&&H>H

()1H ()1HH)/.H;H Lb,&&b-!b(.'-+2b(,b(+b

2'('2&,Jb (-,Jbb AABb(b(.+b"'-+'-"('%b
b '+,-'b #$,#b'b&'b"' b ,!")&'-,Hb
b %%b %b-(Jb Lb,'',b%&"' b0(+,b
b &&+b 
%%b-,b'b" .+,Hbb -(b.,b.+"' b",).-,Hb
b
))+"-b 
-"'b"'(+&-"('b2b Lb#(.# 3b%%b(',b"'b-!b
b b"'(+&b ('%"'b,+!b(+b-!+(. !bb !.&'b!'b2b'&Hb
b (&)+!'b ,("%b'-0(+$Hb Lb#(.# 3b-!b%,-b%" !-b(b-!b
b &&+b 
,b('V,b&'-%b&(%b 2b-(b-!b.,-(&+V,b
(b!(0b-!"' ,b0(+$b-(b ,-"'-"('Hb
b "-b
b "-b ',0+b*.,-"(',Hb!b Lb#.b-!+b+,(',b-(b.,b
&'-%b&(%b(',",-,b(b '-+". %b).&),b"',-b(b
(''-b,,.&)-"(',b )(,"-"/_",)%&'-b).&),Hb
'b '+%"3-"(',Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

3*H)$.#0H "(H-#./.#)(HH)/,-<H 2'*&-H

."H&,(,H1#&&H>H

&#0H &#0H;H Lb&#0b-!-b(.+b(&)'2b",b

2'('2&,Jb (-,Jb -!b&(,-b+%"%b,.))%"+b"'b
b /b"-!b-!-b 
%"/b(#-"/,b (.+b&+$-Hb
b +.,-b ('/"'b-!b%+'+b-!-b Lb&#0b-!-b-!2b'b
b %2b('b b%"&b",b-+.Ib-!-b (&)%",!b-!"+b"''"%b
b
)-b ,(&-!"' b1",-,Ib(+b-!-b (#-"/,b-!+(. !b
'b"b",b"&)(+-'-Hb (',+/-"/b"'/,-&'-,Hb
b
"+&b
%"/b'b%b(#-"/,b Lb'b&.-.%b.',b0(+-!2b
b !"'$b-!-b 

(-'b(.+b-( -!+Hb (bb)%b"'b-!"+b)(+-(%"(,Hb
b b('/"'b(b
%"/b",b-!b"'-%%-.%b Lb&#0b-!-b+",$_
b 1)-b
)+-b'b%b",b-!b &' &'-b-!'"*.,b'b
b &b
&(-"('%b)+-Hb +.b"',.+'b)+&".&,Hb
b "'-"'b
b +,.&b
b
,,.&b

&H &HH)/.H;H Lb &b)(,"-"/%2b(.-b(.+b

2'('2&,Jb (-,Jb (&)'2V,b'-"+b)+(.-b%"'Hb
b ',b (b"'-"2b%b(#-"/,Ib Lb,'#(b%&b0!'b
b .+b (&)%-b-!b(%%(0"' Jb ('+('-b2b'b' +2b
b 1)+"'bbbb 
(b,.Ib%+'+,b&.,-b ,-+' +Hb
b Q&(-"('Rb %b[[[[[[[[[Hb Lb"0b('"'b-!-b-!2b
H 
+b&.,-b'(-b%b-((b&.!b 'b.,b(.+b)+(.-,b-(b,(%/b
[[[[[[[[[[Hb -!"+b(0'b)+(%&,Hb
"%%b"'b-!b%'$,b0"-!b-!b Lb &b,2&)-!2bO+-!+b-!'b
))+()+"-b&(-"(',Hb )"-2Pb(+b(_0(+$+,b0"-!b
","%"-",Hb
b

&93;
?2:53D9F5C
2I
G81D
I?E
D5138

(.b&2b'(-bb.,b-(b-!"'$"' b"'b-+&,b(b+-Ib"Ib(Ib '(0Ib%"/Ib'b%Hb
+!),b2(.+b(+ '"3-"('b"'-"",b%+'"' b',b"'b-+&,b(b$'(0% Ib,$"%%,Ib'b
--"-.,bO 
,PKb(+b,b-2),b(b"'(+&-"('Ib,.!b,b(')-,Ib)+"'")%,Ib-,Ib)+(,,,Ib
'b)+(.+,Hb+',%-"('b",b'(-b"".%-Hb!b(%%(0"' b,-"(',b,!(0b!(0Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
&93;
?2:53D9F5C
6?B
!)C

(.b&2bb.,-(&b-(b0+"-"' b(#-"/,b"'b-+&,b(b$'(0% Ib,$"%%,Ib'b--"-.,b
O 
,PHb b,(Ib#.,-b+&&+b-!-b,$"%%,b-2)"%%2b+*."+b+-b(+b(b(#-"/,Hb
'(0% b+*."+,Ib2(.b .,,b"-Ib '(0b(#-"/,Hb
--"-.,b(,"('b"b
(#-"/,b.,b--"-.,b+/%b-!&,%/,b"'b","(',b)()%b&$Hb.,b--"-.,b

!/b-!"+b+((-,b"'b)()%V,b%",b'b&(-"(',Ib-!2b&2b+*."+b%"/b'b%b

(!$!$
"'$!$

(#-"/,Hb

&93;
?2:53D9F5C
6?B
DI@5C
?6
9>6?B=1D9?>

(&b/%()&'-b&-!((%( ",b0(+$b"'b-+&,b(b"'(+&-"('b-2),b(+b,.#-b+,Ib
,.!b,b)+"'")%,Ib)+(.+,Ib)+(,,,Ib'b-,Hb b2(.b!/b%,,""b2(.+b%+'"' b
"'-(b-!,b"'(+&-"('b-2),Ib2(.b+b!%02b-(b(#-"/,Hbb
!b(%%(0"' b-%b%",-,b(#-"/,b(&&('b(+b!b"'(+&-"('b-2)Hb

( )H.3*H )'')(H)$.#0H

-b )Jb (($b.)b""'-%2Hb

()1Jb%%bb0b+"-"%b-,Hb
()1Jb(+&-b(b(,Ib'&,Ib-Hb-(b"b"'b+%%"' b'b/+"2"' Hb
#Jb
))%2b-!b(')-b-(b&$bb","('Hb

(')-b ()1Jb
b-!b(')-b-(bb&'-%b&(%Hb

+(,,b #Jb(0b-(b"&)+(/bb)+(,,Hb
#Jb
,," 'b)()%b'b(#-,b-(b+(%,b"'b-!b)+(,,Hb
#Jb'Y,b+(%b"'bb)+(,,Hb
#Jb!(b-(b('--b(+b)+(,,_+%-b)+(%&,b(+b*.,-"(',Hb
&Jb
b/%.b)+-b(bb%+ b'/(+Hb
#Jb" '(,b)+(%&,Hb
#Jb+"-b+,.%-,Hb

+(.+b
%-+'-b-0'Jb
#Jb!-b-(b(b'1-Hb
)Jb+(+&b-!b'1-b,-)Hb

2,-&b ()1Jb(+&b'b+"'bb&'-%b&(%Hb
#Jb+"-b(.-(&,b(b!' ,b-(b-!b,2,-&Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

( )H.3*H )'')(H)$.#0H

+"'")%b ()1Jb%%b-!b)+"'")%Hb
()1Jb
b"-b-(b-!b&'-%b&(%Hb
#Jb!-!+b"-b))%",Hb
)Jb
))%2b-!b)+"'")%Hb
#Jb
))%2b-!b)+"'")%b-(b&$bb","('Hb

.%b ()1Jb%%b-!b+.%Hb
#Jb( '"3b-!-b"-b))%",Hb
#Jb
))%2b-!b+.%b-(b&$bb","('Hb

--"-.b #Jb!-b-!b--"-.b%,b-(Hb
()1Jb '(+'b",b-!b.,b(b-!b)+(%&Hb
&#0Jbb+.-!b(b%"&Ib"&)(+-'b(b","('Ib'b-"/',,b(b
-"('Hb
&Jb+ '2b-(b-Ib&)(0+b-(b-Ib(.+ (.,b'(. !b-(b-Hb

,2!(&(-(+b )Jb1.-b&(/,b%.'-%2Hb
,$"%%b ()1Jb,,+2b&(/,b-(b(&)%",!b-!b (%Hb
#Jb(0b-(b+,)('b-(b!' Hb
&Jb%&b'b.'",-+-Hb
b

<5C8
?ED
?2:53D9F5C

V/b&bb ((b,-+-b('b"'"' b(#-"/,Ib.-b0b!/bb"-b&(+b0(+$b-(b(Hb(b
%,!b(.-b(.+b(#-"/,Ib0b'b-(bb+"-+"b0b'b.,b-(b-+&"'b0!-!+b%+'+,b
!/b&-b-!b(#-"/,Hb

)@5<<
?ED
D85
C9DE1D9?>

b-!b,(b-!-b%+'+,b'b))%2b0!-b-!2b%+'Ib'(-b&+%2b.&.%-b$'(0% Hb
()%b))%2b%+'"' b"'b+%_0(+%b,"-.-"(',Hb
,b)+-b(b-!b(#-"/Ib0b'b-(b,)"2b
0!-b-!(,b,"-.-"(',b+Hb!-b02Ib," '+,b'b-"%(+b-!b," 'b-(b(&)%",!b+,.%-,b
"'b-!(,b,"-.-"(',Hbb
)*)$#b",bb)+--2b+(b-+&Hb -b'b"'%.b-!+b&"'b-(+,Jb/'-,b-!-b)''b
))%"-"('b(b%+'"' Ib$#)$#(b.'+b0!"!b-!b%+'+b&.,-b-Ib'b'($*'(b-!b
%+'+b0"%%b'b"'b(++b-(b))%2b%+'"' Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
,#!!,Hb!-b/'-,b0"%%b-+" +b))%"-"('b(b-!b%+'"' Mb!-b&.,-b-!b%+'+b
+( '"3b,bb.b-(b-Mb"%%b-!b%+'+b+"/b1)%""-b)+(&)-,b-(b))%2b%+'"' Mb+b
0"%%b-!b%+'+b'b-(b"'+b-!b'b(+b-"('b+(&b,.-%b.,b"'b-!b'/"+('&'-Mb ,b
-!",b'b-"('b-!-b",b))%"b)+"("%%2b(+b('bb,!.%Mb
)(#.#)(-Hb'+b0!-b('"-"(',b(,b-!b%+'+b)+(+&b-!b-"('Mb 'b0!-b


'/"+('&'-b(,b-!b%+'+b-Mb!+b(,b-!b-"('b-$b)%Mb(0b'(",2b",b-!b

(!$!$
"'$!$

'/"+('&'-Mb ,b"-b,)"%%2b!(-b(+b(%Mb(0b&.!b+((&b(,b-!b%+'+b!/Mb ,b
%" !-"' b*.-Mb ,b-!b%+'+b,.#-b-(b+*.'-b"'-++.)-"(',MbOb)Hb9;b(+bb%",-b(b
"".%-b('"-"(',HPb
-)/,-;H!-b+,(.+,b'b-!b%+'+b+0b('Jb(($,Ib%.%-(+,Ib(+b,,b-(b-!b
Mb!-b,,",-'b0"%%b-!b%+'+b!/Jbb,.)+/",(+b-(b ."b-!b%+'+b(+b)+,b0"-!b
0!(&b-(b",.,,b)+(%&,MH

)5D
3B9D5B91
6?B
CE335CC

!-b +b(b,.,,b0"%%b%+'+,b(&)%",!Mbb%"$b-(b-!"'$b-!-b%%b%+'+,b0"%%bb
)+-%2b,.,,.%b"'b(&)%",!"' b-!b"'-'b+,.%-,Hb +('"%%2Ib-!(. !Ib," '"' b
(+bb (%b(b)+-b)+(+&'b(-'b%,b-(b0(+,Ib'(-b--+Ib+,.%-,Hb!.,Ib(+b!b
(#-"/Ib0b,!(.%b+%",-"%%2b,--b!(0b,.,,.%b%+'+,b,!(.%bb"'b))%2"' b0!-b
-!2b%+'Hb

.'-"2"' b-!b +b(b,.,,b",b'(-b,2Ib.-b0b'b)-b&-+",b,.!b,b-!,Jb


+'-b(b%+'+,b0!(b0"%%b(&)%",!b-!b(#-"/b)+-%2Hb


/+ b++(+b+-Hb

"&b+*."+b)+(+&"' b-!b-,$Hb

,.%-,b)+(.b"'bb,)""b)+"(b(b-"&Hb

.-"('b"'b+*.'2b(b)+(%&,b(+b"'+,b"'b+-b(b/(+%b"'"'-,Hb

H1=@<5C
?6
3?=@<5D5
<51B>9>7
?2:53D9F5C

+b+b,(&b1&)%,b(b%+'"' b(#-"/,b+(&b"+'-b(.+,,Jb

,(,-H #./.#)(H
.#)(H ,#.,#H

.%%_-"&b(+,-+,b !'b,$b-(b #-"/%2b (/"b(+,-+,b

0"-!b%,,b-!'b"/b +(&&'bb (',"+b 0"%%b+(&&'b
2+,Vb1)+"'Hb )(%"2Hbb ('-+(%%b.+',b,b ('-+(%%b.+'"' b
!2b0"%%b!/b b&',b(b(+,-b 0"-!b-!b,&b
,,b-(b_ &' &'-Hb +*.'2b,b&(+b
,b+,(.+,Hb 1)+"'b
(+,-+,Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

,(,-H #./.#)(H
.#)(H ,#.,#H

.,-(&+b,.))(+-b !'b',0+"' b (++-%2b"'-"2b .b-!b

-!'""',Hb .,-(&+b -!b.,b(b .++'-b+-b(b
(&)%"'-,b(/+b --+2b"%.+,Hb &"," '(,",b2b
-!b)!('Hb A8BHb
,"' bb" '(,-"b
)+(.+b+%%b
+(&b&&(+2Hb
'"/".%b ,"' b_,b /%()bb /+bA8Bb0"%%b
"'/,-(+,Hb +,(.+,b.+"' b %'b"''"%b (&)%-b-!"+b
-!b(.+,Hb )%'b-(b(&)%",!b )%',Hb
-!"+b"'"/".%b
(#-"/,Hb
b

45>D96I
@B5B5AE9C9D5C

(b)+(#-b(b'2b(&)%1"-2b0"%%b!/b#.,-bb,"' %Ib,"&)%b%+'"' b(#-"/Hb!-/+b
-!b-()_%/%b%+'"' b(#-"/Ib"-b!,b)++*.","-,b-!-b2(.b&.,-b"'-"2Hb.!b
)++*.","-,b,)"2b-!b"%"-",Ib$'(0% Ib%",Ib'b%"' ,b%+'+,b&.,-b)(,,,,b
(+b-!2b'b "'b-(b(&)%",!b-!b&"'b(#-"/Hb!,b)++*.","-,b&2b!/b
)++*.","-,b(b-!"+b(0'Hb

)@?D
B5<1D54
?2:53D9F5C

-+-"' b0"-!b-!b-()b(#-"/Ib0b "'b"'-"2"' b)++*.","-b(#-"/,Hbb


 

 
 

 
 
 

 
  
 


 


 
  

  

   


 



 


 




 

 


  


   

   

  


  


  b

(+b1&)%Ib%-V,b%(($b-b-!b-()b(#-"/b(+b-!b(.+,b(#8#))8')(Hb -b",b-(b-!b
!(0b-(b,!(+-'b)+(#-,b-(b&"_%/%b&' +,b0!(b'b"'-+)+-b-!b+"-"%b)-!Hb"'Ib
.-b'(-b%%b&"_%/%b&' +,b0"%%b%+2b$'(0b!(0b-(b"'-+)+-b-!b+"-"%b)-!Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
!-b&',b0b'b'(-!+b%(0+_%/%b(#-"/b-(b&-b-!-b)++*.","-Hb!",b(#-"/b
0(.%b+*."+b-!"' b!(0b-(b"'-+)+-b-!b+"-"%b)-!Hb -b0(.%bb"&b-b-!b,&b
&"_%/%b&' +,b,b(+Hb!",b'0b(#-"/b!,b"-,b(0'b)++*.","-Ib'&%2Ib-!b
"%"-2b-(b"'-+)+-b'--b!+-,b"'b '+%Hbb
'-+)+-"' b'--b!+-,b"'b-.+'b+*."+,b(#-"/,b('b!(0b-(b"'-+)+-b-,$b+,b'b!(0b


-(b"'-+)+-b-,$b)''",Hb(-!b(b-!,b-0(b'0b(#-"/,b+b)++*.","-,b(b-!b

(!$!$
"'$!$

)+"(+b(#-"/Hbb
!.,Ib(#-"/,b/%()b"'bb,b(0'0+b+(&b-!b-()_%/%b%+'"' b(#-"/b,b
0b+)-%2b,$b0!-b-!b%+'+b&.,-b$'(0b(+b "''"' b'b(#-"/Hbb

)D1D5
?2:53D9F5C
9>
C8?BD81>4

2b(+&.%b(+b0+"-"' b(#-"/,b",b,"&)%Kb/'b,(Ib0+"-"' b(3',b(b(#-"/,b'b
(&b-"(.,Hb+!),b-!-b",b0!2b&'2b," '+,b,$")b%%b-!-b0(+$b'b#.,-b "'b
/%()"' b('-'-Hb,",-b-!-b.+ Hb b2(.b0'-b-(Ib2(.b'b,-+&%"'b-!b)+(,,b2b
0+"-"' b(#-"/,b"'bb,!(+-!'b,!"('Hbb

(b,-+&%"'b-!b,--&'-b(b'b(#-"/Ib,--b#.,-b0!-b-!b%+'+b0"%%bb%b-(b(b
-+b(&)%",!"' b-!b(#-"/HbW!b!(0b-(b,!(+-'b)+(#-,b-(b&"_%/%b&' +,b
0!(b'b"'-+)+-b-!b+"-"%b)-!Xb(&,b#.,-bW,!(+-'b)+(#-,HXb.+b'1-b(#-"/b
(&,b#.,-bW"'-+)+-b-!b+"-"%b)-!HXb
'b(.+b"'%b-0(b(#-"/,b(&b#.,-b
W"'-+)+-b-,$b+,Xb'bW"'-+)+-b-,$b)''",HXb
 
 

 




 


 
  


b
b'b,-+&%"'b-!b,--&'-b(b(#-"/,b.,b-!b%+'+,b+b-2)"%%2b,"&"%+b
-!+(. !(.-b'b'-"+b(.+,b'b.,b-!b)++*.","-b(+bb!" !+_%/%b(#-"/b
(&,b-!b,.#-b(+b-!b'1-b(#-"/b(0'b-!b,Hbb

!",b,!(+-!'b0(+$,b,-b0!'b-!b(#-"/b",b,--b"'b-!b +&&-"%b(+&b-!-b
1)+,,,b"-b,bb-,$b-!b%+'+b0"%%bb%b-(b(&)%",!Hb!b"+,-b)+-b(b-!",b
+&&-"%b(+&b",b'b-"/b/+Ib,.!b,bW"'-+)+-Xb(+bW,!(+-'HXb!b,('b)+-b",bb
)!+,b+)+,'-"' b-!b"+-b(#-b(b-!b/+Ib-!-b",Ib0!-b-!b/+b-,b('Hb!",b(+&-b
$),b-!b(.,b('b)+(+&'Hb

  

  
 

 

  
  b

b




(!$!$
"'$!$



'$!$
-
(!$


b
+Y,bb,-b)+-"b(+b2(.Jb!b-()b-((%,b(+b-%( "' b2(.+b,-+&%"'b%+'"' b
(#-"/,b+bb0!"-(+b(+b(,-_"-]b'(-,b.,b-!2b&$b"-b,2b(+b2(.b-(b!' b
2(.+b&"'Hb

95B1B38I
?6
<51B>9>7
?2:53D9F5C

.+b,b(b%+'"' b(#-"/,b'b-!"+b)++*.","-,b'-.+%%2b(+&,bb-+_,-+.-.+b
(+b!"++!2Hb(+b1&)%Ib%-V,b%(($b-b-!b'%2,",b-!-b0,b('.-b(+b-!b(#8#))8
')(b(.+,Hb -b,-+-b0"-!b-!b-()_%/%b(#-"/Ib-(b-!b!(0b-(b,!(+-'b)+(#-,b-(b
&"_%/%b&' +,b0!(b'b"'-+)+-b-!b+"-"%b)-!Hbb

b
(+b-!-b(#-"/Ib b"'-""b-0(b)++*.","-,Ib'&%2b-!b"%"-2b-(b"'-+)+-b-!b+"-"%b
)-!bO0!"!b b&'-"('b+%"+Pb'b-(b&' b)+(#-,b '+%%2Hb '-+)+-"' b-!b
+"-"%b)-!b!b-!+b)++*.","-,Hb -b+*."+b-!b"%"-2b-(b+( '"3b-!b+"-"%b)-!Ib
"'-+)+-b-,$b+,Ib'b"'-+)+-b-,$b)''",Hb( '"3"' b-!b+"-"%b)-!b+*."+b
-!b"%"-2b-(b"'b-!b+"-"%b)-!b'b",-"' .",!b'('_+"-"%b)-!,b+(&b+"-"%b)-!,Hb
'-+)+-"' b-,$b+,b+*."+b-!b"%"-2b-(b+( '"3b-,$b+,Ib-(b+b-!b!+-b +"Ib
'b-(b+( '"3b%(-b%"',Hb '-+)+-"' b-,$b)''",b+*."+b-!b"%"-2b-(b
+( '"3b)''2b&+$+,b'b-(b",-"' .",!b&"%,-(',b+(&b)''2b&+$+,Hb
( '"3"' b&+$+,b+*."+b-!b"%"-2b-(b+( '"3b-!+b-2),b(b&+$+,Jb,-+-_"'",!Ib
)+-"%b(&)%-"('Ib'b% "' b,-+-,Hb!b-.%b'%2,",b0,bb"-b&(+b(&)%1b-!'b
-!",Ib.-b,,'-"%%2b(b-!b,&b,-+.-.+Hbb
(($"' b-b-!",b-"2b!"++!2Ib"-b",b-&)-"' b-(b)+(b-(b-!b'1-b,-)Hbb,!(.%b'(-b(b
,(b0"-!(.-b%"' b0"-!b,(&b(b-!b-+),b-!-b(-'b%.+$b-b-!",b,- Hb(+b('b-!"' Ib,(&b
(b-!b(#-"/,b&2bb-((b,"b(+b-((b/,-b-(b"-b0"-!"'b-!b,()b(b-!b)+(#-Hb(+b
1&)%Ib-!b(#-"/b(b"' b%b-(b&' b)+(#-,b",b-((b%&'-%b-(b"-b"'bb(.+,b
('b.,"' b'--b!+-,Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

'(-!+b-+)b"'b,.!bb'-b!"++!2b",b-!-b0b&2b,,.&b"-b+)+,'-,b%%b-!b
)++*.","-b+%-"(',!"),Hb
b%(,+b%(($b+/%,b-!-b",-"' .",!"' b'('_+"-"%b+(&b
+"-"%b)-!,b+*."+,b-!b"%"-2b-(b+( '"3b%(-b%"',b'b-(b+b-!b!+-b +"Ib0!"!b
0+b+%"+b"'-""b,b)++*.","-,b(+b"'-+)+-"' b-,$b+,Hb!b+%-"(',!"),b&(' b
(#-"/,b+b%+%2b'(-bb,"&)%b!"++!2Hbb

''"' b-!b%(0+_%/%b(#-"/,b&2b%,(b.,b.,b-(b*.,-"('b0!-!+b,(&b

(!$!$
"'$!$

(#-"/,b+b-((b-"%b(+b,(-+"b-(bb"'%.b"+-%2Hbb&" !-b(',"+b(&"--"' b
-!,b(#-"/,b(+b).--"' b-!&b"'b++'b&-+"%,Hb'b,.,)-b+b(/+,b-!b-"%,b
(.-b-!b"+'-b-2),b(b)''2b&+$+,Hbb
'b"'%b-+)b",b-(b.-(&-"%%2b()-b-!",b!"++!2b,b-!b,-+.-.+b(+b-!b(.+,b
&'.Hb(&-"&,b-!-b",bb ((b"Ib.-b(-'b"-b",b'(-Ib,)"%%2b"b0b%b-!-b
)++*.","-,b,!(.%bb-. !-b"+,-Hb

45>D96I
G81D
5138
?2:53D9F5
B5AE9B5C

(+b!b(#-"/Ib"'-"2b-!b+*."+&'-,b(+b%+'"' b-(b-$b)%Ib-!-b",Ib"-,b
)++*.","-,Hb

(b"'-"2b)++*.","-,b(+b'b(#-"/Ib,$b0!2b%+'+,b&2b"%b-(b(&)%",!b-!b
(#-"/Hb(b-!2b'(-b+( '"3b-!b'b(+b&",)+"/b-!b,"-.-"('Mb(b-!2b%$bb
+."%b-Mb
+b-!2b,-.&)b('b!(0b-(b)+(Ib(+b+b-!2b+"b-(b-$b-!b'1-b,-)Mb
+Ib+b-!2b#.,-b.'&(-"/-b(+b.'"'-+,-Mb
(b,--b-!b)+(%&b,b'b(#-"/Ib,$b0!-b-!b%+'+b&.,-bb%b-(b+-Ib"Ib(+b
(b'b0!-b-!b%+'+b&.,-b$'(0Ib%"/Ib'b%Hb

(+b1&)%Ib"'bb(.+,b('b+."' b0(+$)%b/"(%'Ib('b(#-"/b0,b-!-b'0b
,.)+/",(+,bb%b-(b+.b",).-,b-0'b,.(+"'-,Hb

b
(b&-b-!b(#-"/b(b+,(%/"' b",).-,b-0'b,.(+"'-,b0"%%b+*."+b"+,-b
&-"' b-!b,"1b)++*.","-,b%",-Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
"9CD
@B5B5AE9C9D5C

(0b(b0b*."$%2b'b,2,-&-"%%2b"'-"2b-!b)++*.","-,b(+bb,)""b(#-"/Mb
!+b",b'(b& "b(+&.%Ib.-b+.%b'%2,",b(b(#-"/,b0"%%b!%)Hb(+b1&)%Ib0b
&" !-b"'-"2b(&)(''-b,$"%%,b,b)++*.","-,Hb(&)(''-b,$"%%,b+b%(0+_%/%b)+-,b
(bb!" !+_%/%b,$"%%Hb(+b1&)%Ib"bb)+(.+b!,b"/b,-),Ib!b,-)b&" !-bbb
(&)(''-b,$"%%b(b-!-b)+(.+Hbb

'(-!+b- (+2b(b)++*.","-,b",b"'"-"(',Hb'%,,b%+'+,b!/b-!b,"b/(.%+2b
(bb"%Ib-!2b''(-b%+'b-!b&(+b/'b,)-,b(b-!-b"%Hb(')-,b&2bb
'b0!'b0b0'-b-(b (b2('b+(-b%+'"' b'b'%b+-"/b)+(%&b,(%/"' Hb
.%,b'b+ .%-"(',b&2bb+*."+b-(b"'(+&b%+'+,b(b-!b(',-+"'-,b('b!(0b-!2b
'b))%2b-!"+b%+'"' Hb+b+b,(&b(&&('b)++*.","-,b(+b"+'-b-2),b(b
(#-"/,Jb

3*H)$.#0H )'')(H*,,+/#-#.-H

,.b'bb-!-b )b)+(.+b(+b)%''"' b(+b."%"' Hb

(,bHb ()1b+*."+&'-,b(+bb'b+.%,b (/+'"' b-!b)+(,,Hb
#b))+(!,b-(b-$Hb
&b()'b-(b'0b",Hb
#bHb ()1b+.%,b-!-b (/+'b-!b","('Hb
()1b0!-b!(",b+b/"%%Hb
()1b-!b(',*.',b(b!b!("Hb
()1b)+"'")%,b'b(')-,b-!-b'b ."b-!b","('Hb
&#0b-!-b-!b","('b",b',,+2Hb
&b)(,"-"/%2b-(0+b-!b(++-b!("Hb
)b)+(.+bb b%b-(b)b-!b"'"/".%b,-),b(b-!b)+(.+Hb
-(b(&)%",!bHH &b('"'-b-(b)+(+&b-!b)+(.+Hb
#b-(b)+(+&b-!b)+(.+Hb
()1bb(.-bHb ()1b-+&,b',,+2b-(b.'+,-'bHb
()1b,.))(+-"' b-,Ib)+(,,,Ib'b(')-,Hb
&#0bHb ()1b-,Ib(')-,Ib'b)+"'")%,b-!-b,.))(+-bHb
&b-!-bb",b"&)(+-'-Hb
&bb(.-bHb &#0b,(&-!"' b(.-bHb
()1b,(&-!"' b(.-bHb
b

b
 '$!$
-
(!$



(!$!$
"'$!$





b
*5138
5CC5>D91<
?2:53D9F5C

',-+.-"('b",b('%2b-"/b"b"-b-!,b-!b+" !-b-!"' ,Hb(+b1&)%Ib)+(%&,b(-'b
(.+b0!'b0b-!b%(0_%/%Ib1)%""-b$'(0% b-!-b%+'+,b%+2b$'(0Ib(.%b
" .+b(.-b('b-!"+b(0'Ib(+b0"%%b'/+b))%2Hb(+b"',-'Ib&'2b(.+,,b('b(&).-+b
()+-"(',b-!b-2)"' b+-!+b-!'b-!b,$"%%,b+%%2b'b-(b.,b-!b(&).-+b


,.,,.%%2Hbb

(!$!$
"'$!$

(+b1&)%Ib-!",b)(+-"('b(bb,"&.%-"('b
+*."+,b%+'+,b-(b-2)b'.&+,b"'-(b-!b
%%,b(bb +"Hb

!b)+(%&b0"-!b-!",b))+(!b",b-!-b"-b
(.,,b--'-"('b('b-!b-,$b(b-2)"' b"'b
'.&+,Hb -b'(.+ ,b-.''%b/","('b-!-b
",-+-,b+(&b-!b&(+b"&)(+-'-b-,$b(b
-!"' b,)b (,b"'-(b-!b +"Hbb

b
2)"' b,$"%%,b+b'(-b-!b+"-"%b
,$"%%Hb!b+"-"%b,$"%%b",b'-+"' b
-!b+" !-b)--+'b(b-Hb!",b
+/","('b(b-!b-"/"-2b(.,,b
--'-"('b('b-!b+%-"(',!"),b
&(' b/%.,b+-!+b-!'b&+%2b
-2)"' b'.&+%,Hb

+-b0"-!b
(b)-"/-Hb

b
(0b-!'b(b0b"'-"2b0!"!b(#-"/,b+b,,'-"%b(+b-"/b%+'"' Mb

b




(!$!$
"'$!$



'$!$
-
(!$


b
45>D96I
8978F1<E5
?2:53D9F5C

(-b%%b(#-"/,b+b*.%%2b/%.%Hb(&b('-+".-b&(+b-(b.%-"&-b,.,,b(+b (b
.+-!+b"'b)+/'-"' b"%.+b-!'b(-!+,Hb(+b1&)%Jb


b,"' %b%(0_%/%b(#-"/b&2bbb)++*.","-b(+b&'2b!" !+_%/%b(#-"/,Hbb

(&b)++*.","-b(#-"/,Ib('b(&)%",!Ib+'+b)''-b(#-"/,b,2b-(b
(&)%",!Hbb

(&b)+"'")%,b'b(')-,b'%b%+'+,b-(b"'+bb0"b+' b(b))%"-"(',Ib(+b
1&)%bb,"b(+&.%b+(&b0!"!b&(+b(&)%1b(+&.%,b'bb+"/Hbb

(&b(#-"/,b+-b,!&,b(+b&'-%b&(%,b',,+2b(+b%+'+,b-(b(+ '"3b
'0b%+'"' Hbb

+'_-(_%+'b(#-"/,b'b(/"-b-!b'b-(b-!b/,-b&(.'-,b(b+(.-"'b
&-+"%Hb

<9=9>1D5
E>>535CC1BI
?2:53D9F5C

.,-b,b,(&b(#-"/,b+b,)"%%2b/%.%Ib(-!+b(#-"/,b+b(b,(b%"--%b/%.b-!-b
-!2b(b'(-b#.,-"2b-!b(,-b(b(&)%",!"' b-!&Hb.,-"('b%%bZ'"b-(b$'(0Zb(#-"/,Hb

))%2b-!bZ(b0!-MZb-,-Hb
,$b0!+b1-%2b%+'+,b0"%%b))%2b-!b)+()(,b%+'"' Ib
,)"%%2b"b-!b(#-"/b",b).+%2b-!b)(,,,,"('b(b$'(0% Hb

(',"+b(&"--"' b-"%,b-!b%+'+b'b"'+b+(&b)+"'")%,Ib%(($b.)b"'b++'b
&-+"%,Ib(+b#.,-b,$b(-!+,Hb
.,-"('b (%,b-!-b-+2b-(b-.+'b-(-%b'(/",b"'-(b,.#-_&--+b1)+-,Hb +'+,b+b
,%(&b(&)%-b'(/",b'b++%2b'b-(b(&b.%%b1)+-,Hb +'+,b+b.,.%%2b
&(-"/-bO(+b.'Pb-(b%+'b#.,-b'(. !b-(b&-b"&&"-b',Hbb

*9@
)1I
M>?N
D?
 
?2:53D9F5C

(+b--+b_%+'"' Ib+.b-!b'.&+b(b '(0b(#-"/,Hb"-!b"'(+&-"('b+"%2b
/"%%b('%"'b'b('(+b&("%b/",Ib)()%b,%(&b"%b(+bb%$b(b$'(0% Hb
-b",b&(+b%"$%2b-!-b-!2b+b.'%b-(b))%2b-!"+b$'(0% Hb(.,b&(+b('b+-b'b
"b(#-"/,b-(b&)!,"3b))%"-"('b(b%+'"' Hb
'b(',"+b0!-!+bb%$b(b
)+(+&'b",b.b-(b-!b-b-!b%+'+b(,b'(-b%"/b0!-b2(.b+b-!"' b(+b(,b
'(-b%b"-b",b"&)(+-'-Hb b,(Ib"'+,b-!b'.&+b(b%"/b'b%b(#-"/,Hbb

1-b-"&b2(.b+b-&)-b-(b0+"-b'b(#-"/b.,"' b-!b0(+b #$,b(+b*#'()#Ib,-()b

'b(',"+b0!-!+b'(-!+b(#-"/b&" !-b'(-b0(+$b--+Hb

?>D
97>?B5

?2:53D9F5C

&(-"('b",b',,+2b(+b!/"(+%b!' Hbb(b'(-b!bb0+'"' b.'%,,b"-b"',)"+,b
-b%,-bb%"--%b+b"'b.,Hb
%b(#-"/,b+b"".%-Hb!2b+b!+b-(b"'Hb%$"' b(.-b-!&b&$,b2(.b,(.'b
%"$bb,('_+-Ib'0_ Ib,%_!%)b .+.Hb.-b%b(#-"/,b'bb+."%Ib,)"%%2b"'b

b
 '$!$
-
(!$



(!$!$
"'$!$





b
)+/'-"' b"%.+,Ib/'b"'b!" !%2b-!'"%b-+"'"' Hb-'b,.#-_&--+b1)+-,b'b
-+"'+,b%.'-b"'bb,.#-b!/b'(b+b-!&,%/,Ib'b!'b"%b-(b'(-"b-!b +b-(b
0!"!b%+'+,b+b-!2b0"%%b"%b'bb&++,,Hb
' . Ib/'b)(-+2Ib''(-b)+",%2b"'b&(-"(',Ib.-b0b'b.,.%%2b -b%(,b
'(. !b-(b,--bb0(+$%b(#-"/Hb-+-b0"-!b-!,b&"'b&"%",b(b&(-"(',Ib


+&&+"' b-!-b,(&b+b,"&)%2b"+',b(b +b(+b)(%+"-2Hb

(!$!$
"'$!$

'#&3H ').#)(-H

-"('b (+-"('Ib%(/Ib%"$"' Ib"'"+'Ib)-!2Ib",%"$Ib('-&)-Ib

%(-!"' Ib!-Ib!(++'b
))"',,b ,-,2Ib.)!(+"Ib!))"',,Ib"'"+'Ib",,-",-"('Ib
,',,Ib)+,,Ib#-"('Ib&",+2b
+"b )+"Ib&++,,&'-Ib ."%-Ib,!&b
'-+,-b .+"(,"-2Ib"'-+,-Ib","'-+,-Ib+).%,"('b
&)(0+&'-b &)(0+&'-Ib+.,-+-"('Ib",(.+ &'-b
('"'b +-"'-2Ib(&(+-Ib('+'Ib.',Ib'1"-2Ib0(++2Ib+b
%-"(',!"),b &)-!2Ib,2&)-!2Ib +-"-.Ib"'-"-2Ib'/2Ib#%(.,2Ib!(,-"%"-2b
)-"&",&b ()-"&",&Ib!()Ib+Ib!(++(+Ib)+,,"('b
.+)+",b 0Ib0('+Ib,.+)+",Ib,!($b
'+ 2b '+ 2Ib +',,Ib%-!+ 2b
,)(',""%"-2b "'-"-2Ib+,)(',""%"-2Ib ."%-b
b

?>C945B
4569>54
3EBB93E<1

!'b,--"' b(#-"/,b(+bb(.+,b(+b.++".%Ib(',"+b0!-!+b,(&('b!,b%+2b
"'b-!b+*."+b(2b(b$'(0% b(+b,$"%%,b-(bb-. !-Hb(+b-!b+b(b2(.+b(.+,b
(+b.++".%.&Ib+*."+&'-,b&2bb"'b2Jbb

(/+'&'-b+ .%-"(',Hb

+-""-"('b(+b%"',"' b)+(.+,Hb

-'+b++'b0(+$,Hb

+(,,"('%b,,("-"(',Hb

-'+"3b&"b.++".%Hb
.!b"'"-"(',b'b,/b2(.b&('-!,b(b+,+!b'b-b"'b"'"' b%+'"' b
(#-"/,b(+b2(.+b)+(#-Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
)D?@
256?B5
I?E
7?
D??
61B

'-"2"' b)++*.","-,b'b,"%2b -b(.-b(b!'Hb
-b,(&b)("'-b2(.b!/b-(b,-()b
"' b(#-"/,Hb(',"+b,-())"' b0!'Jb

(.b'Y-b-!"'$b(b'2b+*."+&'-,b-!-b%+'+,b(b'(-b%+2b)(,,,,Hb

+Ib/"%%b+,(.+,b*.-%2b!'%b+*."+&'-,Hb

*."+&'-,b+b!'%b2b,--b)++*.","-,b(+b-!b(.+,Hb

ED
>?D
256?B5
D85
=9B13<5
?33EBC

"+%,b(b(.+Hb+b-b%,-b0!-b,&,b%"$bb&"+%b(.+,Ib"'b&2b1)+"'Ib(.-b
A8Bb(b-!b-"&b0!'b(&)(,"' b(#-"/,Hb
-b"+,-Ib(&)(,"' b(#-"/,b2b
)++*.","-,b%,b-(b'b1)%(,"('b(b(#-"/,Hb!b'.&+b(b(#-"/,b +(0,b
1)(''-"%%2Hb(+b1&)%Ib"b!b(#-"/b!,b-!+b)++*.","-,Ib-!b'.&+,b(b
(#-"/,bb-b,.,,"/b%/%,b(b(&)(,"-"('b+Jb9Ib;IbAIb:?Ib@9Ib:<;IbLb'b,(b('Hbb

-b-!",b)("'-b",&2b,-,b"'Hb '2Ib"'b,)"+Ib"-!+b*."-b+%2b(+b'('b(#-"/,b
%-( -!+Hb(++2b-(b,2Ib&(,-b)()%b "/b.)b+" !-b-b-!b)("'-b0!+b-!"' ,b -b--+Hb b
2(.Ib!(0/+Ib)+,",-bb"-b.+-!+Ib-!b&"+%b(.+,Hb.)%"-b(#-"/,b,-+-b
(.++"' Hb!-b",Ib2(.b",(/+b-!-b,/+%b(#-,b!/b-!b,&b)++*.","-Hb
'b-!-b
&-"' b-!,b)++*.","-,b0"%%b&$b!"/"' b!" !+_%/%b)++*.","-,b&.!b,"+Hb

!b'0%2b",(/+b)++*.","-,b&2b&$b&-"' b!" !+_%/%b(#-"/,b-+"/"%b

.,Ib('b%+'+,b!/b&,-+b-!,b)++*.","-,Ib-!2b'b" .+b(.-b!" !_%/%b
(#-"/,b('b-!"+b(0'b(+b#.,-b%(($b.)b&",,"' b-"%,b('%"'Hb

!",b&"+%b",b,(b(.'-+_"'-."-"/b-!-b0b%"/b"-b0"-!(.-b)+((b'b0+b,-"%%b (b
)b'(. !b-(b)+(/b"-b-(b-!&,%/,Hb.-b"-b&$,b,',Hb!b&(+b2(.b(&)(,b
(#-"/,Ib-!b&(+b2(.b%+'b(.-b-!b,.#-b'b-!b"'-+(''-"(',b&(' b"-,b
"'"/".%b-,Ib(+&.%,Ib'b()+-"(',Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
+!),b-!b&"+%b",b"'!+'-b"'b-!b,-+.-.+b(b$'(0% Hb (,-b,"'-""b"%,b
('-"'bb0bW%0,Xb-!-b1)%"'b/,-b+%&,b(b,"'-""b-b'b "/b+",b-(b&'2b
,)+-b)+(.+,Ib(+&.%,Ib'b)+(,,,Hb

+Ib-!b&"+%b&2b#.,-bb'b1)+,,"('b(b-!b'-.+b(b'-.+Hb.+b'-"+b '-"b(b
+,.%-,b+(&b(&"'-"(',b(b#.,-b(.+b,)+-b&(%.%,Hb
%%b&--+b",b-!b+,.%-b(b


(&"'-"(',b(bb0b,.-(&"b)+-"%,Hb(&"'-"(',b(b#.,-bb0b)+"&+2b(%(+,b'b

(!$!$
"'$!$

+)%"-b-!b0"b &.-b(b(%(+,b0b)+"/Hb
(&)%1"-2b&+ "' b+(&b.'+%2"' b,"&)%""-2b&2bbb'-.+%b%0b"-,%Hb
(.%'V-b"-bb'"b"b-!+b0+bb02b-(b/("b%%b-!",b0(+$b'b#.,-b"'-"2b-!b
,,'-"%b)++*.","-b(#-"/,b"+-%2Mb!+b",Hb -b",b%%b((#)!("b'b",b,+"b
+"%2b('b) b9<b'b"'b&(+b-"%b"'b-!b
))'"1Ib%(-b"'b-!b$b(b-!",b(($Hb

&93;
D85
1@@B?138
D?
=55D
5138
?2:53D9F5

'b2(.b!/b"'-""bb)+%"&"'+2b,-b(b(#-"/,Ib2(.b&.,-b'(0b!' b"+-"('bb
"-Hb)b-(b-!",b)("'-Ib2(.b!/b(',"+b('%2b,)b2(.b0'-b-(b(&)%",!Ib'(-b$,b2(.b
0"%%b(&)%",!b"-Hb(.b!/b'(-b/'b"b0!-!+b_%+'"' b",b)+-b(b-!b,(%.-"('a
(+b/'b"b%+'"' b",b',,+2Hbb

53945
G81D
I?E
=ECD
13DE1<<I
D5138

!-b&.,-bb%+'Ib"'b-!b%,,"b,',b(b-!b0(+Mb'b(b-!b"+,-b","(',b2(.b'b
-(b&$b(.-b'b(#-"/b",b0!-!+b"-b+*."+,b%+'"' b(+b0!-!+b"-b'bb&-b2b
,(&b(-!+b&',Hb

+-"'b(#-"/,b'bb&-b('%2b0"-!b%+'"' Hb +'"' b",b.,.%%2b-!b,-b))+(!b(+b

(#-"/,b'b('-'-b-!-b",Jb

b"',-'-%2b'b(-'Ib,b(+b%.'2b(b0(+$Hb

b.'+b,-+,,Hb

,b(+bb%"-"&Hb

(',-'-b'b.'!' "' Hb

b0!'b-!+b",b'(b,,b-(b++'b,(.+,Hb

b-(b'%b-"/b,+!Ib,("%b'-0(+$"' Ib'b(-!+b&',b(b&-"' b
(#-"/,Hb

b-(b&$b,',b(b0!-b0b"'b2b,+!b(+b"'-+-"('b0"-!b,("%b'-0(+$,Hb
0+b-!b2_!&&+b,2'+(&Jb(bb2b0"-!bb!&&+Ib/+2-!"' b",bb'"%Hb
+"'"' b)+-&'-,b'b.'"/+,"-",b!/bb-''2b-(b)+,+"b.-"('b-(b
(&)%",!b/+2b(#-"/Hb .,-bb,.+b-(b,$b0!-!+b%+'"' b",b-!b,-b02b-(b
(&)%",!b-!b(#-"/Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
8??C5
8?G
D?
=55D
?2:53D9F5C


,bb," '+Ib()'%2b(',"+b%%b-!b)(,,"%b02,b-(b&-b(#-"/,b'b)"$b-!b,-b
,(%.-"(',b(+b2(.+b%+'+,Ib2(.+b&",,"('Ib'b2(.+b,"-.-"('Hb(,,"%b,(%.-"(',b"'%.b
,-'%('b_%+'"' Ib &,b'b,"&.%-"(',Ib/"+-.%_%,,+((&b_%+'"' Ib)!2,"%_
%,,+((&b%+'"' Ib(!"' Ib+++"' b%+'+,b-(b1",-"' b%+'"' b&-+"%,Ib"'-+-"' b
0"-!bb,("%b'-0(+$Ib,+!"' b('%"'b+,(.+,Ib%--"' b%+'+,b"'b,(%.-"(',b('b-!"+b
(0'Ib'b!' "' b1-+'%b-(+,b-(b&$b%+'"' b.'',,+2Hb!",b",bb%(' b%",-Kb,(b
%-V,b(',"+b!b"'b-"%Hb

)D1>41<?>5
5<51B>9>7

('/'-"('%b,-'%('b_%+'"' b%,b%+'+,b"'"/".%%2b-!+(. !b,-+.-.+b
,*.',b(b%+'"' b1)+"',b!(,'b-(b(&)%",!b,)""b%+'"' b(#-"/,Hb 'b
-!",b(+&b(b%+'"' Ib)()%b"'-+-b0"-!b_%+'"' b-!+(. !bb(&).-+b(+b&("%b
/"Hb!",b",bb)+(/'Ib%1"%b))+(!Hb -V,b(',"+b0!+b"-b"-,b"'b2(.+b&"1b(b
,(%.-"(',Hb

,(,-Hb-'%('b_%+'"' b'bb," 'b-(b0(+$b(+bb0"b+' b(b%+'+,Hb -b",b

(-'b-!b,-b,(%.-"('b(+b'5/Ib'(/"b%+'+,b0!(b)++b-(b%+'b2b-!&,%/,b'b
+b0"%%"' b-(b-+.,-b-!b.-!(+"-2b(b-!b_%+'"' Hb -b(,b+*."+bb&(+-b%/%b(b,%_
&(-"/-"('b'b-!'"%b,$"%%,b-!(. !Hb
/$.-Hb-'%('b_%+'"' b!,b'b)-b-(bb0"b+' b(b,.#-,Hb -b1%,b"'b
-!"' b+(Ib.'&'-%b,.#-,b(b '+%b))%""%"-2Hb -b0(+$,b,-b(+b
,-%",!Ib1)%""-b$'(0% Ib+-!+b-!'b+)"%2b/(%/"' b-"-b$'(0% Hb-'%('b
_%+'"' b!,b)+(/'b('(&"%b'b-"/b"'b-!"' b(&&('b0(+$b,$"%%,Hb!(. !b
-"/b(+b%%b%+'"' b"'-'-,Ib,-'%('b_%+'"' b0(+$,b,)"%%2b0%%b(+b"Ib
(Ib'b '(0b(#-"/,Hb

#./.#)(-Hb-'%('b_%+'"' b0(+$,b0%%b(+b)+(/""' b('(&"%b%(' _-+&b

,(%.-"(',b-(b-!b'b-(b.-b&'2b)()%b"'bb0"b+' b(b,.#-,b-(bb.'"(+&%2b
!" !b,-'+b(b)+(+&'Hb -b'b%,(bb," 'b-(b.,-(&"3b%+'"' b-(b-!b
"'"/".%b%+'+Hb!b"'/,-&'-b+*."+b(+b,-'%('b_%+'"' b",b#.,-""b0!'b-!b
+",$,b(b"%"' b-(b%+'b+b!" !Hb

+/#,'(.-Hb-'%('b_%+'"' b+*."+,b*.-b. -b'b-"&b-(b+,+!Ib

," 'Ib/%()Ib-,-Ib+"'Ib'b)%(2b-!b%+'"' Hb

1=5C
1>4
C9=E<1D9?>C

&,b'b,"&.%-"(',bOb!)-+b?Pb%-b%+'+,b",(/+b$'(0% Ib)(%",!b,$"%%,Ib'b
1)+"'b-!b(',*.',b(bb/+"-2b(b!/"(+,Hb&,b'b,"&.%-"(',b+*."+b
(+-Ib-"&Ib'b&('2b-(b/%()Ib,(b0b0'-b-(b.,b-!&b0",%2Ib-!-b",Ib0!+b-!2b+b
-!b,-b,(%.-"('Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
,(,-Hb&,b(&b"'bb/,-b/+"-2b-(b"-bb0"b+' b(b%+'+,b+(&b)''-b-(b
"')''-Ib'(/"b-(b1)+-Ib,%_b-(b1-+'%%2_",")%"'Hb&,b(b+*."+b%+'+,b
!/b'(. !b-!'"%b,$"%%,b'b,.#-_&--+b$'(0% b-(b "'b-!b &Hb
'b &,b
0(+$b--+b(+b,(%"-+2b%+'+,Ib-!(. !b-&b &,b+bb)(,,""%"-2b(+b,("%b%+'+,Hb
&,b+b,)"%%2b ((b(+b%+'+,b0!(b'b1-+b)+-"b-(b&,-+bb,.#-Hb

/$.-Hb&,b'b,"&.%-"(',b'b!'%bb0"b+' b(b,.#-,Hb!2b1%b-b

(!$!$
"'$!$

&$"' b,-+-Ib '+%b,.#-,b,,"%b-(b%+'+,b0!(b%b,-b0"-!b('+-Ib
,)""b,"-.-"(',Hb&,b0(+$b,)"%%2b0%%b"'b-!"' b-!b.'&'-%b)+"'")%,b
'b+.%,b(bb"%Hb!2b+Ib!(0/+Ib-((b1)',"/b-(b-!b/,-b,.#-,b-!(+(. !%2b(+b
(',b-!-b+*."+b+*.'-b+/","(',Hb!2b0(+$b&.!b--+b(+b1)%""-b-!'b-"-b
$'(0% Hb&,b0(+$b0%%b(+b"Ib '(0Ib(Ib'b%"/b(#-"/,Hb
#./.#)(-Hb&,b+b ((b%(' _-+&b,(%.-"(',b-(b.-"' b&'2b%+'+,b0!(b'b-(b
.%%2b&,-+bb,)""b+b(bb,.#-Hb!"+b(,-b",b#.,-""b0!+b-!b(,-,b(b"%.+b+b
/'b!" !+Hb
+/#,'(.-Hb%'b-(b. -b*.-b-"&b'b&('2b-(b/%()b &,Hb
%,(b-$b
,-),b-(b"'-+(.b'('_ &+,b-(b-!b &b"'b02,b-!-b',.+b-!"+b+%2b,.,,Hb

,9BDE1<3<1CCB??=
5<51B>9>7

"+-.%_%,,+((&b(.+,,bO!)-+b98Pb,-+.-.+b%+'"' b('b-!b&(%b(bb)!2,"%b
%,,+((&Hb--+b%+'+,b(''-b-!+(. !b'b('%"'b&-"' b-((%Hb
'b"'/(%/b
-!+b&2b%-.+Ib&$b,," '&'-,Ib'b"'"-"-b",.,,"(',b&(' b%+'+,b"+-,b
-"/"-",Hb

,(,-Hb!b/"+-.%b%,,+((&b",b ((b(+b%+'+,b0!(b+b&"%"+b0"-!b'b%"$b-!b
%,,+((&b&(%Hb -b",bb ((b,(%.-"('b"b2(.b&.,-b.-b'(/"Ib)''-b%+'+,b
0!(b'b-!b1-+'%b&(-"/-"('b)+(/"b2b-!b-!+Hb!b-!'"%b,$"%%,b+*."+b
+b'(-b&'2Ib'b-!b'%( 2b0"-!bb)!2,"%b%,,+((&b!%),b(/+(&b'1"-2b(.-bb
'0b(+&b(b%+'"' Hb

/$.-Hb!b/"+-.%b%,,+((&b0(+$,b0%%b-(b-!b-!b,&b,.#-,b,b"'b-!b)!2,"%b
%,,+((&Ib'&%2b+(b(.+,,b(/+"' b.'&'-%Ib '+%Ib,-+-b,.#-,Hb!b
/"+-.%b%,,+((&b",b,b%1"%b,b-!b-!+b('.-"' b-"/"-",Hb!(. !b-!b/"+-.%b
%,,+((&b",b--+b(+b,-%",!Ib1)%""-b$'(0% Ibb,',"-"/b-!+b'b)-b
"'-+-"(',b-(b-!b-"-b,$"%%,b'b&+ "' b$'(0% Hb"+-.%b%,,+((&,b+b'-.+%b
(+b-!"' b '(0Ib%"/Ib'b(b(#-"/,Hb
#./.#)(-Hb!b/"+-.%_%,,+((&b0(+$,b"'b,"-.-"(',b0!+b-!+b",b'(-b-"&b(+b. -b
'(. !b-(b"&)%&'-b,-'%('b_%+'"' Ib.-b1)+"'b-!+,b+b/"%%Hb
+/#,'(.-Hb"+-.%_%,,+((&b_%+'"' b+*."+,bb/"+-.%_%,,+((&b,2,-&b(+b-b
%,-b'b('%"'b&-"' b-((%Hb
'b"-b+*."+,bb-!+b&"%"+b0"-!b-!b,.#-Ib-!b
,2,-&Ib'b-!b-2)b(b%+'+,b'+(%%Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
&8IC931<3<1CCB??=
<51B>9>7

(&b%+'+,Ib,.#-,Ib'b,"-.-"(',b+b'(-b,."-b(+b_%+'"' Ib.-b'b,-"%%bb
!'%b2b'b(%_,!"('b)!2,"%b%,,+((&Hb!2,"%b%,,+((&b-"/"-",b"'%.b
%-.+,Ib*.,-"('_'_',0+b,,,"(',Ib,&"'+,Ib,2&)(,"Ib'b(-!+b_-(_b
-"/"-",Hb

,(,-Hb!b)!2,"%b%,,+((&b&2bb-!b,-b!("b(+b%+'+,b0!(b%$b-!'"%b
,$"%%,Ib$'(0b%"--%b(.-b-!b,.#-b-b!'Ib)'b('b1-+'%b&(-"/-"('Ib+%2b('b-!b
.-!(+"-2b(b1)+-,b-(b/%"-b"'(+&-"('Ib'b+*."+b"+-b,("%b"'-+-"('Hb
/$.-Hb!b)!2,"%b%,,+((&b0(+$,b0%%b-(b-!b.'&'-%Ib '+%Ib,-+-b
,.#-,Hb!b)!2,"%b%,,+((&b",b,b%1"%b,b-!b-!+b"'b!+ Hb!(. !b--+b(+b
,-%",!Ib1)%""-b$'(0% Ibb,$"%%.%b-!+b'b-!b-"-b,$"%%,b'b&+ "' b
$'(0% Hb!2,"%b%,,+((&,b+b'-.+%b(+b-!"' b '(0Ib%"/Ib(Ib'b
,(&-"&,b%b(#-"/,Hb!b)!2,"%b%,,+((&b",b',,+2b0!'b%(,b(,+/-"('b(b
-!b)!2,"%b!/"(+Ib(2b%' . Ib"%b1)+,,"(',Ib'b ,-.+,b(b-!b%+'+b",b
+*."+Hb
#./.#)(-Hb!b)!2,"%b%,,+((&b&2bb-!b,-b%-+'-"/b0!'b-!+b",b'(-b-"&b-(b
/%()b_%+'"' Ib'b1)+"'b-!+,b+b/"%%Hb
'b%+'+,b'b(+b-!b
-"&b'b&('2b+*."+b-(b-+/%b-(b-!b,"-b(b-!b%,,+((&Hb!+bb*."$b,(%.-"('b",b
'b'b-+/%b(,-,b'bb/("Ib-!b)!2,"%b%,,+((&b",bb ((b,(%.-"('Hbb

+/#,'(.-Hb!b)!2,"%b%,,+((&b+*."+,bb%,,+((&Ibb-!+Ib'b-!b"%"-2b-(b
-b%+'+,b"'-(b-!b%,,+((&Hb -b+*."+,bb. -b-(b)2b-!+,b'b-(b(&)',-b(+b
-"&b(b-!b#(b0!"%b--'"' b%,,+((&b%+'"' Ib)%.,b-!b-+/%b(,-,b(b%+'+,b0!(b
&.,-b-+/%b-(b-!b%,,+((&Hb

?1389>7

',-b(bb(+&%b%+'"' b)+( +&Ib-!b,-b,(%.-"('b&2bb-(b,," 'bb(!Ib&'-(+Ib
(+b/",(+b-(b!b%+'+Hb
))+'-",!")b",b('b(b-!b(%,-b'b&(,-b-"/b02,b(b
%+'"' Hb

,(,-Hb(!"' b'b!%)b#.,-b(.-b'2b-2)b(b%+'+Ib-!(. !b'(-b%%b%+'+,b)-b

(!"' b0%%Hb(!"' b0(+$,b,-b(+b'5/Ib)''-b%+'+,b0!(b+,)('b-(b-!b
.-!(+"-2b'b1-+'%b",")%"'b)+(/"b2b-!b(!Hb +'+,b0"-!b&"'"&%b-!'"%b
,$"%%,b'b+"/b(!"' b2b)!('b(+b_&"%Hb +'+,b0"-!b)+b-!'"%b,$"%%,b'b
'  b"'bb/"+-.%b))+'-",!")b)+( +&bObW",-'b))+'-",!")b)+( +&Xb"'b
!)-+bAHPHb
/$.-Hb!b+' b(b,.#-,b,,"%b-!+(. !b(!"' b)',b&"'%2b('b-!b
1)+-",b'b(&&.'"-"(',b,$"%%,b(b-!b(!Hb +('"%%2Ib(!"' b0(+$,b,)"%%2b
0%%b0"-!b/+2b.'&'-%b,.#-,b'b/+2b/'b(',Hb!b(!b'b" '(,b-!b
)+(%&,b"' b-!b"'"-"%b%+'+b'b*."$%2b+&(/b&",(')-"(',Hb"' b'b1)+-Ib
-!b(!b",b%"$0",b)-b-b+"'"' b-!b%+'+V,b$'(0% b'b!/"(+Hb(!"' b

b
 '$!$
-
(!$



(!$!$
"'$!$





b
0(+$,b0%%b(+b."%"' b-"-b,$"%%,b0"-!(.-b0+"--'b+.%,b'b)+"'")%,Hb(0/+Ib('_('_
('b(!"' b",b'(-b""'-b'(. !b-(b.,b(+b+(b,.#-,b(+b%+ b'.&+,b(b%+'+,Hb
,b(!"' b(+b+-Ib(Ib'b%"/b(#-"/,b-!-b-$b/'- b(b-!b(!V,b
"%"-2b-(b,).+b"''(/-"('Ib&(%b!/"(+Ib'b "/b.-!(+"-2b'b+""%"-2b-(b",Hb

#./.#)(-Hb,b(!"' b(+b,)"%b,,b0!+bb0b%+'+,b!b'b-(b%+'bb


"+'-b,)-b(bb,.#-b(+b%+'b"-b-(bb"+'-b +b'b,-'+b(b)+(+&'Hb

(!$!$
"'$!$

,b"-b0!+b-!b(,-b(b"'"/".%b"%.+b",b!" !b'b-!b(!b'b-!(+(. !%2b/%.-b
-!b%+'+V,b"%"-",b(+b-!b%+'+b",b).-b"'b!+&V,b02Hb

+/#,'(.-Hb(!"' b+*."+,b(!,b0!(b)(,,,,b-!b',,+2b1)+-",b'b
"'-+)+,('%b(&&.'"-"(',b,$"%%,Hbb

(565BB9>7
D?
<51B>9>7
B5C?EB35C

',-b(b-!"' b'b(#-"/b"+-%2Ib2(.b&2b!((,b-(b,'b%+'+,b-(b1",-"' b
+,(.+,b-!-b'b-!b"-b(+b.,Hb.!b+,(.+,b"'%.b(-!+b(.+,,Ib)(,-,Ib_(($,Ib
))+b(($,Ib%( ,Ib'b(-!+b,(.+,b(b0%%_+,+!b'b,-+.-.+b%+'"' b
&-+"%,Hbb
,(,-Hb++"' b%+'+,b-(b1-+'%b+,(.+,b'bb+",$2b(+b'5/Ib)''-b
%+'+,b0!(b%$b-!b,%_",")%"'b',,+2b-(b%+'b('b-!"+b(0'Ib0!(b!/b2-b-(b
*."+b-!b.'&'-%b$'(0% b',,+2b-(b.'+,-'b-!b1-+'%b&-+"%,Ib(+b
0!(b!/b'(b"%"-2b-(b,,b-!&b%-+('"%%2Hb-"%%Ib1-+'%b+,(.+,b'bb.,.%b(+b
!%)"' b'(/",b0!(b'b"'-+(.-(+2b(+b$ +(.'b$'(0% b'b(+b/'b
%+'+,b0!(b0'-b-(b (b.+-!+b"'-(b-!b,.#-Hb

/$.-Hb,b1-+'%b+,(.+,b(+b,)-,b(b-!b&"'b,.#-b-!-b%"b(.-,"b-!b',b
(b&"',-+&b%+'+,Hb,b1-+'%b+,(.+,b-(b',.+b%%b%+'+,b!/b',,+2b
)++*.","-,Ib'b).+,.b,"b"'-+,-,Ib'b+b'(-b%"&"-b2b-!b'++(0b,()b(b-!b
(.+,Hb1-+'%b+,(.+,b+b&(,-b+%"%b(+b,-%",!Ib1)%""-b$'(0% Hb(',"+b
1-+'%b+,(.+,b(+b"Ib(Ib'b '(0b(#-"/,Hb

#./.#)(-Hb,b1-+'%b+,(.+,b-(b*."$%2b'b"'1)',"/%2b)+(/"b,(%.-"(',b(+b
(#-"/,b+%/'-b-(b('%2bb&"'(+"-2b(b%+'+,Hb,b-!&b0!+b2(.bb%+ b
/+"-"(',b"'b-!b',b(b%+'+,b'b"'b-!"+b,-+-"' b"%"-",Hb(b'(-b.,b-!",b))+(!Ib
!(0/+Ib"b-!b(,-b(b"%"' b-(b%+'b-!b(#-"/b",b!" !b(+b2(.b%$b"-!b"'b-!b1-+'%b
&-+"%,b-(b(&)%",!b-!b(#-"/Hb

+/#,'(.-Hb!",b))+(!b+*."+,b-"/b&-+"%,b-!-b0"%%b(&)%",!b-!b
(#-"/b(+b2(.+b%+'+,Hb(.b&.,-b+.%%2b%(-Ib'%23Ib'b/'b-,-b-!,b
&-+"%,Hb(.b&2b%,(b'b-(b)+)+b'b"'-+(.-"('b(+b+" b+(&b2(.+b(.+,b-(b-!b
1-+'%b&-+"%,bObW '- +-b(+" 'b&(.%,Xb"'b!)-+b>HPHb

b




(!$!$
"'$!$



'$!$
-
(!$


b
)51B389>7
?><9>5
B5C?EB35C

',-b(b)+(/""' b-!b',0+b(+b)+(/""' b,)""b+,(.+,Ib2(.b'b-!b%+'+,b-(b
"'b-!b',0+b(+b-!&,%/,Hb()!",-"-b,+!b' "',b'b/,-b('%"'b+,(.+,b
&'b-!-b&.!b(b0!-b%+'+,b'b-(b$'(0b",b('%2bb0b,(',b02Hb!"' b
-,Ib" .+,Ib'b,"&)%b)+(.+,b&$,b%,,b'b%,,b,',b/+2b2Hb

,(,-Hb!b,+!b,(%.-"('b0(+$,b,-b(+b&(+-%2b$'(0% %Ib"')''-b
%+'+,b0!(b!/b-!b,%_",")%"'b'b0+"',,b-(b+"%%b-!+(. !b%2+,b(b-!"+_!'b
+)(+-,Ib)+-",'b()"'"(',Ib (,,")Ib'b(.-+" !-b)-"('b-(b -b-(b,.,-'-"%Ib.+-b
"'(+&-"('Hb-"/b,+!b+*."+,b '+"b,+!b,$"%%,b,b0%%b,b,$"%%,b,+!"' b
0"-!"'bb)+-".%+b(.&'-Ib-,Ib(+b%"++2Hb -b%,(b+*."+,b(+b$'(0% b(b-!b
/(.%+2Ib)+"'")%,Ib'b,-+.-.+b(b-!b"%Hbb

/$.-Hb+!b0(+$,b,-b(+b/'b%+'"' b"'b'++(0b+,b(b-"-b$'(0% Hb -b

",bb02b-(b%b0"-!b(',-'-%2b!' "' b-"%,Ib,.!b,b+,+!b-Ib%0,b'b
+ .%-"(',Ib'b+,b(b+)"b-!'"%b/'&'-Hb,b,+!b-(b(&)%",!b"Ib
(Ib '(0Ib'b%"/b(#-"/,Hb

#./.#)(-Hb,b,+!b"'b+,b0!+b%+'+,b'b"'(+&-"('b-!-b",b+"%2b/"%%b
('%"'Hb,b"-b-(b/("b-!b(,-,b(b-!"' b)()%b"'(+&-"('b-!2b(.%b&(+b,"%2b
%(($b.)b(+b-!-b0"%%b*."$%2b(&b(,(%-Hb,b"-b-(b!%)b%+'+,b(&b&(+b,%_
+%"'-Hbb

+/#,'(.-Hb
b,+!b))+(!b+*."+,b-!-b-!b"'(+&-"('bb('%"'b'b+"%2b
,,"%b2b%+'+,Hb -b&2b%,(b+*."+b-!"' b%+'+,b '+"b,+!b,$"%%,b'b
'(. !b(b-!b,.#-b,(b-!2b'b('.-b-"/b,+!,b('b-!"+b(0'Hb

>D5B13D9>7
G9D8
1
C?391<
>5DG?B;


/',b"'b(%%(+-"('b,(-0+b'b-!b&+ 'b(b,("%b'-0(+$"' b!/b
)+(/"b'0b02,b(+b)()%b-(b%+'Hb'b(b-!b&(,-b"&)(+-'-b.,,b(b,("%b
'-0(+$"' b",b-(b,+/b,bb,(.+b(b.-"('Ib ."'Ib'b"'(+&-"('b(+b%+'+,Hb
,b
,.!Ib"-b,+/,b,bb!.&'b)+(+&'_,.))(+-b&!'",&Hb +'+,Ib-b'2b-"&Ib'b
,$b-!"+b'-0(+$,b(b+"',Ib1)+-,Ib'b%%(0b%+'+,Hb
',0+,b+b'(-b%"&"-b-(b
,!(+-b-1-b',0+,Kb-!2b'b"'%.b'2b))+()+"-b&"b'b'b"'%.b(' ("' b
('/+,-"(',Hb(+b&(+Ib,b!)-+b@Hb
,(,-Hb,"' bb,("%b'-0(+$b(+b%+'"' b",b'(-b(+b/+2('Hb -b0(+$,b0%%b(+b
%+'+,b0!(b+b&(+b,("%b-!'b,(%"-+2Ib0!(b.'+,-'b-!b)+"'")%,b'b/(.%+2b
',,+2b-(b"'-+-b)+(.-"/%2Ib0!(b!/b-!b,%_",")%"'b-(b$)b('/+,-"(',b
(.,Ib'b0!(b*.,-"('b+-!+b-!'b%"'%2b)-b'0b"'(+&-"('Hb

/$.-Hb("%b'-0(+$"' b",b,)"%%2b-"/b(+b+"'"' b1",-"' b,$"%%,Hb -b'b!%)b

%+'+,b"'b,)""b))%"-"(',b(+b '+%b)+"'")%,Ib,b('+-b1&)%,b(b,-+-b
",Ib*."+b-"-b$'(0% b%$"' b%+b+.%,b'b(+&.%,Hb("%b'-0(+$"' b",b
,)"%%2b-"/b(+b+)"%2b&+ "' b,.#-,b0!+b$'(0% b",b)+(/","('%b-b,-Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

%,(b(',"+b"-b,b'b%&'-b"'b'2b,.#-b-!-b",b))%"b2bb-&b+-!+b-!'b2b
"'"/".%,Hb "$0",Ib.,b"-b-(b+"'b,$"%%,b(b('/+,-"('Ib' (-"-"('Ib'b(%%(+-"('Hb
(',"+b"-b(+b+-Ib"Ib%"/Ib'b%b(#-"/,Hb
#./.#)(-Hb,b,("%b'-0(+$"' b-(b+(.'b(.-b%+'"' b(+-,Hb,b"-b-(b!'%b('+',b
'b',b(b"'"/".%b%+'+,Ib-(b)+(/"b%+'"' b'b2b('%2bb0Ib'b-(b


"%%.,-+-b,-'+,b(b)+(+&'Hb("%b'-0(+$"' b'bbb,(%.-"('b0!'b2(.b%$b

(!$!$
"'$!$

-"&b'b. -b-(b/%()b(+&%b%+'"' b(+b#.,-bb0b%+'+,b(+b-()",Hb("%b
'-0(+$"' b0(+$,b,-b0!'b"-b('-"'.,b(/+b%(' b)+"(,b(b-"&Hb

+/#,'(.-Hb
b,("%_'-0(+$"' b,(%.-"('b+*."+,bb,("%b'-0(+$b-!-b,)',b-!b
'b1)+-",b'b"'%.,b"'"/".%,b0"%%"' b-(b,!+b"-Hb(.b&2b'b-(b).-b"'b
)%b-((%,b-(b&$b(%%(+-"('b'-.+%b'b,2Hb(.b&2b%,(b'b-(b).-b"'b)%b
)(%"",b-!-b'(.+ b,!+"' b"'(+&-"('b+(,,b-+"-"('%b(.'+",Hb-"/b,("%b
%+'"' b0"%%b%,(b+*."+b-"&b(+b%+'+,b-(b#("'b +(.),Ib"'-"2b1)+-,Ib."%b-+.,-Ib'b
++2b('b('/+,-"(',Hbb

"5DD9>7
<51B>5BC
69>4
D85
C?<ED9?>
?>
D859B
?G>

(&-"&,b-!b,-b02b-(b-!b%+'+,b",b-(b(b'(-!"' a0%%Ib'(-b1-%2b#$)#Hb
',-b(b"+-%2b-+2"' b-(b(&)%",!b'b(#-"/Ib0b!%%' b%+'+,b-(b(&)%",!b
-!b(#-"/b('b-!"+b(0'Hb 'b-!",b,Ib0b(b'(-b,)""%%2b-%%b%+'+,b-(b('.-bb
,+!Ib++b-(bb,("%b'-0(+$Ib(+b(',.%-b,)""b&-+"%,Hb
,(,-Hb -b",b'(b,.+)+",b-!-b-!",b))+(!b(,b'(-b0(+$b(+b%%b%+'+,Hb,+/b"-b(+b
&(+-%2b1)+"'Ib"')''-b%+'+,b0!(b!/b-!b,%_",")%"'b'b
"'*.","-"/b&"'b'b-(b).+,.b%+'"' b('b-!"+b(0'Hb,b"-b(+b%+'+,b0!(b+%",!b
-!b!%%' b(b,(%/"' bb&2,-+2Hb

/$.-Hb'"' b%+'+,b-(b"'b-!b,(%.-"('b('b-!"+b(0'b0(+$,b(+b'++(0b+,b(b
1)%""-b,.#-,Hb!%%' b%+'+,b-(b"'b('+-b1&)%,b(b,-+-b)+"'")%,b(+b
,)""b))%"-"(',b(b '+%b$'(0% Hbb,b"-b,)"%%2b(+b(b'b"b(#-"/,Hb

#./.#)(-Hb('V-b.,b-!",b))+(!b&+%2b-(b.-b2(.+b. -b(+b-(b/("b-!b!+b0(+$b
(b/%()"' b%+'"' Hb,b"-b('%2b0!'b"-b",b"'b-!b,-b"'-+,-b(b%+'+,Ib(+b1&)%Ib
-(b"'"-"-bb.%-.+b(b"')''-b%+'"' Hb
+/#,'(.-Hb('V-b,'b%+'+,b-(b(&)%",!b(#-"/,b('b-!"+b(0'b0"-!(.-bb ((b
!'b(b,.,,Hb $b,.+b-!b+,(.+,b%+'+,b'b1",-b'b+b,,"%b-(b-!&Hb
(.b&2b%,(b'b-(b)+(/"bb-,-b%+'+,b'b.,b-(b/+"2b-!-b-!2b!/b&-b-!b
(#-"/Hb

81>79>7
5HD5B>1<
613D?BC

+'"' b'b"'(+&-"('b+b'(-b-!b,(%.-"('b-(b%%b)+(%&,Hb-'b-!b,-b02b-(b&-b
'b(#-"/b",b-(b!' b-(+,b(.-,"b-!b+%&b(b%+'"' Hb!,b&2bb
(+ '"3-"('%b(+b.,"',,b-(+,Hb!2b&2b"'/(%/b!' ,b-(b('(&",b(+b-!'(%( 2Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
(+b1&)%Ib"b-!b (%b",b-(b"'+,b,%,Ib'b(+ '"3-"('b&" !-b-+"'b"-,b,%,b(+b"'b
'0b-!'"*.,a(+b"-b&" !-b#.,-b"'+,b-!b,%,b(&&",,"('Hbb
('V-b-+2b-(b-!b2(.+b02b+(.'bb)+(%&b0!'bb&(+b"+-b,(%.-"('b1",-,Hb(+b
1&)%Ib(',"+b!' ,b,.!b,b-!,Jb

0+"-bb('-+-Hb

!' b('(&"b"''-"/,Hb

-+&%"'b0(+$%(0b)+(.+,Hb

!' b)+,(''%Jb!"+Ib"+Ib-+',+Ib(+b+%,,"2b&)%(2,Hb

," 'b-!b)+(.-b(+b"-,b.,+_"'-+Hb

<5>49>7
96
>535CC1BI

b%%b(#-"/,b'bb)+-%2b&-b2b('b))+(!Ib +-Nb(.+b," 'b'b
/%()&'-b-,$b#.,-b (-b,"&)%+Hb b'(-Ib2(.b&.,-b"-!+b)-b('b))+(!b-(b!'%b
(#-"/,b(+b0!"!b"-b",b'(-b"%a(+b2(.b&.,-b&"1b(+b%'b))+(!,b0"-!"'bb,"' %b
(.+,Ib%,,('Ib(+b-()"Hb
-+"$bb%'Hb
b%'b(b&(+b-!'bb!%_(3'b))+(!,b&2b,&b!(-"b-(b
%+'+,b'b+" !-'"' b-(b2(.+b. -b(&&"--Hb&&+b-!-b%%b(#-"/,b+b'(-b
*.%%2b"&)(+-'-Hb(&b&.,-bb-. !-b)+-%2a(-!+,Ib('%2b(&)-'-%2Hb/'b
-!(. !b'b))+(!b",b'(-b-!b,-b)(,,"%b02b-(b(&)%",!b'b(#-"/Ib2(.b'b(-'b
))%2b2(.+b+-"/"-2b'b!+b0(+$b-(b&$b"-b0(+$b*.-%2Hb

53945
D85
D51389>7
C5AE5>35
?6
I?EB
?2:53D9F5C

'b2(.b!/b"'-""b0!-b(#-"/,b2(.b&.,-b-!Ib2(.b'b-(b"b-!b(++b"'b
0!"!b%+'+,b0"%%b(&)%",!b-!,b(#-"/,Hb(.b'b+b-!",b","('b.'-"%b2(.b
!/b+-b%+'"' b(#-,Ib.-b('%2b"b2(.+b(#-,b+b," 'b0"-!b'(b,,.&)-"(',b
(.-b0!"!b(#-,b%+'+,b0"%%b!/b-$'b+%"+Hb0+b-!b,_,!(0'_(/_
,2'+(&bO)Hb;9<PHb
'b02b-(b&' b-!",b","('b",b-(b&$bb)+%"&"'+2b,-+- "b","('b+%2b"'b-!b
," 'b)+(,,b'b-!'b-(b+"'b-!b","('b('b%-+b," 'b+/","(',Hb(b-!-b'Ib2(.b
'b.,b-!b",b!+b-(b"bb,*.'"' b,-+- 2b'b-!'b-!(,b(b('%"'b!)-+b9:b
-(b+-b).+)(,_,)""b%+'"' b,*.',Hbb
'b0!-b(++b,!(.%b2(.b-!Mb(b"Ib%-Y,b+-.+'b-(b-!b!"++!2b(b%+'"' b
(#-"/,Hb!+b&"'b,*.',b+b)(,,"%Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

(!$!$
"'$!$

b

!b&(,-b(&&('b,*.'b",b$))$"8*%Hb 'bb(--(&_.)b,*.'Ib0b-!b)++*.","-b
(#-"/,b(+b(#-"/,b-!-b+*."+b-!,b)++*.","-,Hb -b&$,b,',Hb'%,,b0b
-!b-!b)++*.","-b"+,-Ib%+'+,b(.%b(&b('.,b(+b+.,-+-Hbb

b,('b,*.'"' b,-+- 2b",b)$%8$,#Hb 'bb-()_(0'b,*.'Ib0b,-+-b%+'+,b-b-!b
-()b(#-"/Ib,b"b-!2b!/b%%b-!b)++*.","-,Hb +'+,b0!(b%$b)++*.","-,b'b
('-"'.b(0'b-!b!"++!2b-(b,,b-!b(#-,b-!-b-!b)++*.","-,b-!2b%$Hbb

!b-!"+b,*.'"' b,-+- 2b",b(,.(Hb+b0b%-b%+'+,b-+/+,b-!b,.#-b+%2Ib

",(/+"' b'b,-",2"' b)++*.","-,b,b'(.'-+Hb
!,b,-+- ",Ib0!"!b+b(/+b.+-!+b"'b-!",b,-"('Ib+b ((b '+%b))+(!,Hb
(+b&(+b,)""b,*.'"' b()-"(',Ib,b('%"'b!)-+b9:Hb

H1=@<5
?DD?=E@
C5AE5>39>7

!b(.+,b$$8!#!8')b!bb(--(&_.)b,-+.-.+Hb!",b(.+,b%-b0"-!bb
+"-"%b,.#-b0"-!b%"_(+_-!b(',*.',Hb -,b (%b0,b-(b-!b1)+"'b&"%b
+,+!+,b-(b(%%(0b+ .%-"(',b'b-!"%b)+-",b"'b('.-"' b-,-,b('b!.&'b
,.#-,Ib,(&b(b0!(&b!b"b.b-(b%),,b2b+,+!+,Hb
!b% %b('+',b0+b,+"(.,Hb!b(.+,b0,b&'-(+2Hb/+2b%+'+b0,b+*."+b
-(b(&)%-b/+2b) b(b-!b(.+,Hb
b,*.'-"%Ib(--(&_.)b,-+.-.+b"b-!-b (%Hb
-Y,b%(($b-b-!b,*.'b(b-()",b0"-!"'bb%,,('b('b(-"'"' b-!b"'(+&b(','-b(b
-,-b,.#-,b(+b('.-"' b1)+"&'-,b('b-!&Hbbb
!b%,,('b,-+-,b0"-!bb"'"-"('b(b"'(+&b(','-Ib,b-!",b",b-!b,",b(b-!b0!(%b
%,,('Hbb1-Ib-!b%,,('b"'-+(.,b-!b '+%b)+"'")%,b(b"'(+&b(','-b-!-b0"%%b
."b-!b+,+!+Hbb1-b+b,)%%b(.-b-!b,)""b%&'-,b(b-!b(.&'-b.,b-(b

b




(!$!$
"'$!$



'$!$
-
(!$


b
+(+b"'(+&b(','-Hbb
-+b-!-b(&b-"%,b(b-!b)+(,,b-!+(. !b0!"!b-!b
(.&'-b (,b-(b.%%2b,.+b'b(.&'-b"'(+&b(','-Hbb

!b,-+.-.+b(b
-!b(.+,b",b
&b/"'-b
2b-!b2.b
.--('b"'b-!b
%(0+b+" !-Ib
,. ,-"' bb
,-+(' %2b
+(&&'b
)-!b-!+(. !b
-!b(.+,Hbb
b
b
b
."%-b.,"' b
(b
+&0/+Hb

b
"-!b%%b-!b$ +(.'b,-%",!Ib-!b%,,('b'(0b)+(/",b,)""b-"%,b(.-b
(-"'"' b(','-b+(&b-!b-,-b,.#-Hbb"'%%2Ib"-b,)"",b-!b+*."+&'-,b-!b
+,+!+b&.,-b(%%(0b-(b(.&'-b"'(+&b(','-Hb!b(%%(0"' b) ,b)+(/"bb
)+-"b-"/"-2b'bb,.&&+2Hbb
"b2(.b'(-"b!(0b-!b%,,('b+.%%2b "',b0"-!b"'"-"(',Ib.'&'-%b(')-,Ib
'b('-1-.%b$ +(.'b(+b)+,'-"' b-!b1-b)+(.+b-!b+,+!+b&.,-b
(%%(0Mb!-b(++b",bb%,,"b1&)%b(b-!b(--(&_.)b,*.'Hb

H1=@<5
*?@4?G>
C5AE5>39>7

-Y,b%(($b-b'b1&)%b(bb-()_(0'b,*.'Hb!",b1&)%b-!,b()+-"('b(b-!b


b%()b-"%"-2b
'%2,",8(&).-+b)+( +&Ib0!"!b",b.,b-(b'%23b-!b
,-"%"-2b(b+-!'b&,Ib+(b.-,Ib,.+b&"',Ib'b(-!+b,%(),Hbb

-+b'b"'-+(.-"('Ib-!b(.+,b,-+-,b0"-!bb)+/"0b(b-!b'-"+b)+(,,b(b.,"' b-!b
)+( +&Hbb
,b)+-b(b-!",b)+/"0Ib-!b%+'+b'b,%-bb,!(0_&b&(',-+-"('bO)Hb?<PHbb
!b&(',-+-"('b)+(/",bb'++-Ib(/+_-!_,!(.%+b%(($b-b-!b.,b(b-!b)+( +&b
-(b'%23b'b+-!'b&Hb!b&(',-+-"('b",b(&)%-Hb b-!-b",b%%b-!b%+'+b',Ib
-!b%+'+b'b*."-b-!b-+"'"' b'b "'b.,"' b-!b)+( +&Hb b'(-Ib-!b%+'+b'b
('-"'.b(+b&(+b-"%b"',-+.-"('b('b!(0b-(b)+(+&b!b(b-!b,-),b,!(0'b"'b-!b
(/+/"0Hbbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

(!$!$
"'$!$

b
b"'-+b."%-b.,"' b
(b+&0/+b'b.,-(&b /+")-Hb+',b)-.+b0"-!b!&"-!b
' -Hb %%.,-+-"(',b+-b"'b "+(,(-b(0+("'-Hb"&.%-"(',b."%-b0"-!b
(b)-"/-Hb

(+b1&)%Ib"b-!b%+'+b,%-,b-!b -+"%b)+("%,b,-)Ib-!b%,,('b('b!(0b-(b"'b
-!b+(,,b,-"('b(bb,%()b&(%b))+,Hb(-b-!-b-!",b%,,('b%,(b!,bb-()b(0'b
,-+.-.+Hb!b"+,-b-b)+,'-,b'b(/+/"0b(+b,.&&+2b(b-!b+*."+b,-),Hb b-!-b",b
%%b-!b%+'+b',Ib-!b%+'+b'b('-"'.b0"-!b'(-!+b%,,('b(+b "'b.,"' b-!b
)+( +&Hb

"-!"'b-!b%,,('b",bb")1H'b-b('-"'"' bb&(',-+-"('b%(+-"' b('b-!b,-),b

,.&&+"3b"'b-!b(/+/"0Hbb
(+b/'b&(+b-"%b"',-+.-"('Ib-!b%+'+b'b%"$b-!b)"H'b-b'b%.'!bb
(!b,"&.%-"('bO)Hb;;=Pb('b!(0b-(b)+(+&b-!b-,$b(b"'"' b&-+"%b)+("%,Hbb

/'b0"-!"'b-!",b,"&.%-"('Ib-!b,-+.-.+b",b,-"%%b-()_(0'HbOb) b;@?b-(b/"0b-!b
'/" -"('b0"-!"'b-!b,"&.%-"('HPb!b%+'+b)+(,b-!+(. !b-!b,"&.%-"('b+"/"' b
'(b1)%""-b"',-+.-"(',b.'-"%b'Hbb b-!b%+'+b&$,bb&",-$Ib-!b,2,-&b",)%2,b
'b++(+b&,, b-(b(++-b-!b&",-$Hbb
'(-!+b02b-!b%+'+b'b+"/b"',-+.-"('b
",b-(b)+,,b-!b#(.b.--('Hb!b#(.b.--('b",)',,bb,. ,-"('b-(b ."b-!b%+'+Y,b
-!"'$"' b-(0+b",(/+2b(b-!b'1-b,-)Hbb +'+,b0!(b+b-+.%2b,-.&)b'b%"$b-!b
")1H")1b.--('b-(b -b1)%""-b"',-+.-"(',b('b!(0b-(b)+(Hbb

-b-!b(.+,Ib%,,('Ib'b,"&.%-"('b%/%,Ib%+'+,b+b)+,'-b0"-!b)++*.","-b
"'(+&-"('b('%2b0!'b-!2b+*.,-b"-b(+b&(',-+-b-!2b'b"-Hb!-b",b-!b,,'b(b
-!b-()_(0'b,*.'Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
H1=@<5
)945G1IC
C5AE5>39>7

!b,"02,b,*.'b",b&(,-b(&&('b"'b%+'"' b &,b'b,"&.%-"(',Hb+b",b'b
1&)%Hb -b",b%%b8'"(#8"2bOb) b;:<b(+b&(+HPb -b-!,b"'-+/"0"' b
,$"%%,b2b!/"' b-!b%+'+b,"&.%-b"'-+/"0"' b-!b0"-',,b-(bb+"&Hb!b%+'+b
('.-,b-!b"'-+/"0b2b,%-"' b+(&b)(,,"%b*.,-"(',b(+b+,)(',,Hbb

'b-!b%+'+b(&)%-,b-!b
"'-+(.-"('b-(b-!b &Ibb
&'.b(b)(,,"%b)-!,b
))+,Hb+b-!b%+'+b'b
!((,b+(&bb+' b(b
*.,-"(',b-(b,$b-!b0"-',,Hb
!b%+'+b'b)"$b-!&b"'b
'2b(++Hbb
b
b
b
b
+-b.,"' b&"-! "+(b(,+b'b
"+(,(-b(0+("'-Hb('/+-b(+bb
%"/+2b.,"' b
+-".%-b+,'-+Hb"0b
b 1&)%b-b!(+-('H(&^%^Hb

!b&'.b'b-!b)-!,b-!-b",,.b+(&b"-b-$b-!b%+'+b-!+(. !b-!b%+'"' b(#-V,b

,',Hb"-!"'b!b,'Ib-!b%+'+b'b!((,b0!-b(%%(0_.)b*.,-"(',b-(b,$b'b
!(0b-(b+,)('b-(b(&&'-,b2b-!b0"-',,Hb

-Y,b,2b-!b%+'+b,$,IbW(0b0,b-!b+(+b+,,MXb!b%+'+b0(.%b+"/b
,(&b"'(+&-"('b'b!/bb!("b(b0!-!+b-(b)+(b)+b(+b,$bb"+'-b
*.,-"('Hb b-!b%+'+b)+(,b&(+b)%2Ib&(+b"'(+&-"('b",b+/%Hbbb

-b-!",b)("'-b-!b%+'+b&" !-b"b-(b,$bb"+'-b*.,-"('Hbb!-b!("b-$,b-!b
%+'+b$b-(b-!b&'.Ib0!+b-!b%+'+b!((,,b'(-!+b*.,-"('b-(b,$Hb!.,b-!b
%+'+b",b!(0b-(b)+(b-!+(. !b-!b"'-+/"0Hbb

!b%+'+b0"%%b-$bb"+'-b)-!b-!+(. !b-!b"'-+/"0Hb!b$b!b%+'+b
+"/,b",b-!.,b.'"*.Ib)'"' b('b-!b*.,-"(',b,$Hb2b+)-%2b)%2"' b-!b
&Ib-!b%+'+b/'-.%%2b+"/,b$b-(b(++-b%%b-!b&",(')-"(',b!b(+b,!b
",b)+('b-(Hb!",b"'-+&"'-b)-!b",b0!-b0b&'b2bb,"02,b,*.'Hb

-85B5
G?E<4
I?E
EC5
5138
C5AE5>39>7
CDB1D57I

!+b0(.%b2(.b.,b!b(b-!,b,*.'"' b,-+- ",b"'b2(.+b_%+'"' Mb(+b0!-b
+(.),b(b%+'+,Ib(+b0!-b,.#-,Ib'b(+b0!-b(#-"/,b",b!b,-+- 2b))+()+"-Mbb
-Y,b,-+-b0"-!b-!b$))$"7*%b,*.'Hb!b)++*.","-,_"+,-b,*.'b",b(-'b',,+2b
0!+b,-2b",bb('+'Hb b&",,"' b"'(+&-"('b(+b&",(')-"(',b(.%b'' +b
b
 '$!$
-
(!$



(!$!$
"'$!$





b
%+'+,Ib0b&.,-b&$b,.+b-!2b+"/b,.!b)++*.","-b"'(+&-"('b(+b
'(.'-+"' b-!b'b(+b"-Hb(/",b%,(b'"-b+(&bb(--(&_.)b,-+.-.+b.,b
'(/",Ib2b"'"-"('Ib%$b1-',"/b$'(0% b"'bb"%Hb!b(--(&_.)b,*.'b",b,(b
(&&('b"'b,!((%b%+'"' b-!-b0b(-'b.,b"-b(+b,-.'-,b0!(,b&(%b(b%+'"' b",b
,b('b-+"-"('%b,!((%"' Hbb

(0Ib!(0b(.-b-!b)$%7$,#b,*.'Mb!b-()_(0'b,*.'b",b(-'b.,b(+b

(!$!$
"'$!$

""'2b(b%+'"' Hb +'+,b'(.'-+b('%2b-!b('-'-b-!2b1)%""-%2b+*.,-b(+b
%+%2b'Hb((2b0,-,b-"&b(/+"' b&-+"%b%+2b&,-+b(+b'(-b+%/'-Hbb

!b-()_(0'b,*.'b",b%,(b ((b(+b1)+-,b0!(b%+2b$'(0b&.!b(bb,.#-b'b
'b*."$%2b"'-"2b ),b"'b-!"+b(0'b$'(0% b'b,$"%%,Hb()_(0'b,*.'"' b",b
0%%b,."-b(+b#.,-_"'_-"&b%+'"' b0!+b%+'+,b,$b(.-b#.,-b-!b'. -,b(b%+'"' b
-!2b'b-b-!b&(&'-b(b'Hbb
(b0!+b(b0b.,b-!b(,.(b(++Mb!b,"02,b(++Ib.,b"-b",b%,,b)+"-%Ib
'bb1"-&'-b-(b-!b%+'"' b)+(,,Hb -b",bb ((b!("b(+b",(/+2b%+'"' b
0!+b%+'+,b&.,-b",(/+b'b"'- +-b,)+-b"-,b(b$'(0% Hb
'b"-b",b ((b
0!+b2(.b+b-!"' b%+'+,b-(b%+'b('b-!"+b(0'b,b-!2b()b0"-!bb(&)%1Ib
2'&"b,"-.-"('a%"$b&'2b0(+$b'/"+('&'-,b-(2Hb

B51D5
?2:53DC
D?
133?=@<9C8
?2:53D9F5C

(0b-!-b0b!/b"'-""b(.+b)++*.","-,b'b'++(0b-!&b-(b-!b(',b-!b(.+,b
0"%%b"+-%2b(&)%",!Ib"-b",b-"&b-(b)%'b!(0b0b0"%%b(&)%",!b-!(,b(#-"/,Hb -b",b
-"&b-(b,-+-b,)"2"' b%+'"' b-"/"-",b(+b!b(#-"/Hb
'b-!-b%,b.,b-(b%+'"' b
(#-,Hb

-81D
9C
1
<51B>9>7
?2:53D

!-b(b0b&'b2b-!b-+&b!'##8$)Mb -V,b,-+-b0"-!bb,"&)%b"'"-"('Jb

H&,(#(!H)$.H#-HH"/(%H) H&.,)(#H)(.(.H.".H(HH--H
#(#0#/&&3H(H.".H)'*&.&3H)'*&#-"-HH-#(!&H&,(#(!H)$.#0H(H
(H*,)0H#.;H
!-V,bb&(.-!.%Ib,(b%-V,b%(($b-b"-bb"-b-bb-"&Jb

*# 8$8!)'$#8
b%+'"' b(#-b",b'(-b'b)!&+%b(')-b.-bb('+-b

$#)#)8 (%%-"('b(b%-+('"b&"Hb -b('-"',b-1-b'b +)!",b'b
)+!),b'"&-"('Ib/"(Ib/("Ib&.,"Ib'b(-!+b&"Hb -b&2b
%,(b"'%.b)("'-+,b-(b(-!+b%+'"' b+,(.+,Ib,.!b,b
(.&'-,b'b-,,Hb+b"-b&2b+(&&'b"'-+-"' b0"-!b
b(!Ib&'-(+Ib(+b,("%b'-0(+$Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

#88((8 !+(. !bb&'.Ib,+!b' "'Ib(+b#.,-bb1-b.--('Ib-!b%+'+b

#+*!!.8 'b -b-(b#.,-b-!",b)"b(b('-'-b)+-b+(&b(-!+b)",Hb!-b
",Ib-!",b)"b))+,b-(b-!b%+'+b-(bb,)+-b+(&b(-!+b
(#-,Hb

$"%!)!.8 !b$2b!+-+",-"b(bb%+'"' b(#-b",b-!-b"-b(&)%",!,bb

$"%!((88(#!8 %+'"' b(#-"/Hb!b(#-"/b&2bb'++(0b(+b+(Ib
!'##8$)+8 ,-+-b(+b('+-Ib%(-2b(+b&.''Hb

#8%'$+8)8 !b(#-b('-"',b-!b&',b-(b/+"2b-!-b-!b(#-"/b0,b
&-Hb!",b&2bbb,"&)%b-,-b(+bb,()!",-"-b,"&.%-"('Hb
b
,(+b&2bb+(+b(+b'(-Hb 'b-!b'Ib-!(. !Ib-!b%+'+b(+b
-!b(+ '"3-"('b(+"' b-!b(#-b'b-%%b0!-!+b-!b(#-"/b
0,b&-Hb

b,"&)%+Ib%-!(. !b%,,b)+",b"'"-"('Ib",b-!",Jb

H&,(#(!H)$.H#-HH'#,)G)/,-H-#!(H.)HH)'#(H1#."H).",H
'#,)G)/,--;H

bb(.+,b",bb.'"-b(b.-"('b-!-b'bb(&)%-b"'b,(&b'.&+b(b2,b(+b!(.+,Ib
-!'b'b(#-b",bb,"&"%+b.'"-b-!-b'bb(&)%-b"'b,(&b'.&+b(b&"'.-,Hb
'b
(#-b",b,&%%+Ib.-b,-"%%b(&)%-Hb
'b(#-b&2b-!b%,,b-!'bb(.+,Ib.-b"-b-!,b"-b
*.%%2b0%%Hb

-81D
1
<51B>9>7
?2:53D
9C
>?D

!b-+&b%+'"' b(#-b",b.,b*."-b%((,%2Hb!b-+&b",b))%"b-(b&'2b-!"' ,b-!-b+b
'(-b-+.b%+'"' b(#-,Hb(b.'+,-'b0!-b0b&'b2b-!b-+&Ib%-V,b(.,b('b,(&b(b
-!b-!"' ,bb%+'"' b(#-b",b#$)Hb

b%+'"' b(#-b",b'(-bb,!+"'$_0+))b)+(.-b2(.b'b.2Hb
%-!(. !b&'2b/'(+,b

.,b-!b-+&b"'b+++"' b-(b-!"+b('-'-b'b-((%,Ibb%+'"' b(#-b",b&.!b&(+b-!'bb
,"' %Ib,"&)%b)+(.-Hb -b",b&(+b%"$bb)!"%(,()!2b(+b/%()"' b'b)$ "' b
+.,%b('-'-Hb
"$0",Ib%+'"' b(#-,b+b'(-bb)+()+"-+2b-((%b(+b-!'(%( 2Hb!2b)'b('b-((%,b
'b-!'(%( 2b.-b+b'(-b-!b)+(/"'b(b'2b)+-".%+b/'(+Hb
(&b%+'"' b(#-,b'b('-"'b(-!+b%+'"' b(#-,Ib0!"!b('-"'b,-"%%b(-!+b%+'"' b
(#-,Hb!",b!"++!2b&',b-!-b%+'"' b(#-,b'bb'-"+b(.+,,Ib%,,(',Ib(+b#.,-b
"'"/".%b-()",Hbb
.,b%+'"' b(#-,b'b('-"'bb!"++!2b(b(-!+b%+'"' b(#-,Ibb%+'"' b(#-b
",b'(-b%02,bb,"' %b"%Hb
-b-!b(--(&b(b-!",b!"++!2b!b(#-b&2bbb"%b(+b
) Ib.-b%+%2b!" !+_%/%b(#-,b''(-bb%"&"-b-(b,"' %b"%,Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
!b(')-b(bb%+'"' b(#-b",b'(-b%02,b))+'-b-(b-!b%+'+Hb(+b,!(.%b"-bHb
+'+,b#.,-b0'-b-(b*."+b'0b"%"-",b(+b$'(0% Hbb!2b(b'(-b+b0!+b('b
%+'"' b(#-b%/,b(b'b'(-!+b "',Hb
,b%(' b,b-!2b'b'/" -b'b,,b-!b
%+'"' b-!2b'Ib-!2b+b!))2Hb'%2b," '+,b'b."%+,b'b('+'b-!&,%/,b
0"-!b-!b)+",b"'"-"('b(b%+'"' b(#-,Hb

+'"' b(#-,b'b,+/b&.%-")%b).+)(,,Hb
'b'b(#-_,b/%()&'-b&-!(b

(!$!$
"'$!$

'b0(+$b(+b&'2b"+'-b).+)(,,Hb +'"' b(#-,b'bb.,b(+b-+"'"' Ib(+b
++'b"'(+&-"('Ib(+b*."$_++'b-(b-,Ib(+b#(b",Ib'b/'b(+b &,b'b
(-!+b(+&,b(b'-+-"'&'-Hb

*EB>
?2:53D9F5C
9>D?
<51B>9>7
?2:53DC

!b(#-"/b%,b.,b-(b+-bb%+'"' b(#-b-!-b(&)%-%2b(&)%",!,b-!b
%+'"' b(#-"/b'b'b)+(/b"-Hbb
!b,-+-"' b)("'-b(+b," '"' b-!b(#-b",b-!b(#-"/b"-b",b-(b(&)%",!Hb!b(#-"/b
,--&'-b&$,bb"'b!+-+b(+b-!b%+'"' b(#-Hb!b(#-"/b",b%,(b-!b'"' b
)("'-b'bb(',-'-b++'b0!'b," '"' b-!b(#-Hb
'2-!"' b-!-b(,b'(-b
('-+".-b-(b(&)%",!"' b-!",b(#-"/b,!(.%bb(&"--b(+-!0"-!Hb
%-!(. !b-!b
%+'+b&2b'(-b,b-!b(#-"/b,--&'-Ib/+2b," '+b'b/%()+b,!(.%b,b"-b
'b0(+$b-(b(&)%",!b"-Hb

b
'b0b!/b"'b-!b(#-"/Ib0b'b "'b-(b,)"2b-!b('-'-b',,+2b-(b&-b
-!-b(#-"/Hb!+b+b-0(b02,b0b'b,)"2b('-'-Hb(+bb!" !_%/%b%+'"' b(#-Ib
0b&2b,)"2b,._(#-,Ib-!-b",Ibb,-+.-.+b,*.'b(b%+'"' b(#-,b(+b&(+b
,)""b(#-"/,Hbb
(+b%(0_%/%b%+'"' b(#-,Ib0b&2b,)"2b%+'"' b-"/"-",b-!-b0"%%b"+-%2b
(&)%",!b-!b(#-"/b(b-!b%+'"' b(#-Hb!,b%+'"' b-"/"-",b&2b(,"('bb
/+"-2b(b%+'"' b1)+"',Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
,-,b+b'(-!+b)+-b(b-!b(#-Hb,-,b/+"2b-!-b-!b%+'"' b(#-"/b0,b&-Hb!b
-,-b&" !-bbb,"&)%b,%_!$b-(b%-b-!b%+'+b"b0!-!+b-(b&(/b('Hb+Ib-!b-,-b
&" !-bbb(+&%b1&b0"-!bb+(+b,(+Hb.+b" +&b,!(0,b-,-,b,b*.,-"(',b
.,b-!-b",b-!b&(,-b(&&('b(+&b(bb-,-Ib,)"%%2b(+bb( '"-"/b,.#-Hb .,-b
$)b"'b&"'b-!-b(-!+b-2),b(b-,-,b+b)(,,"%Ib,.!b,b,"&.%-"(',Ib &,Ib'b0(+$b
,," '&'-,Hb

'b"-"('b-(b('-'-Ib-!b%+'"' b(#-b&2b+*."+b(-!+b(&)(''-,b,.!b,b
$20(+,b-(b!%)b%+'+,b,+!b(+b-!b(#-b'bb,+")-"('b-(b))+b"'bb(.+,b
-%( Hb
%-!(. !b'(-b"+-%2b)+-b(b-!b('-'-Ib-!,b(&)(''-,Ib%%b"))Ib
,,",-b"'b&-"' b-!b (%b2b&$"' b-!b%+'"' b(#-b,"+b-(b"'Ib.'+,-'Ib'b
+&&+Hbb

B51D5
D5CDC

,-,b . b(&)%",!&'-b(b-!b(#-"/Hb!2b'b+' b+(&b,&%%b-,$,b-!-b "/b
-!b%+'+b('"'b-(b&(/b-(b-!b'1-b(#-b%%b-!b02b-(b(+&%b-,-,b.,b-(b% %%2b
+-"2b-!b%+'+V,b,$"%%,Hb!)-+b=b0"%%b!%)b2(.b," 'b-"/b-,-,Hb

b%+'"' b(#-b+*."+,b(-!b%+'"' b-"/"-",b'b-,-,Hb (,-b)()%b+-b-!b
%+'"' b-"/"-",b"+,-b'b-!'Ib"b-"&b)+&"-,Ib-$b('bb0b&.%-")%_!("b-,-b
*.,-"(',Hb
b--+b))+(!b",b-(b+-b-!b-,-,b,b,(('b,b2(.b!/b"'b-!b%+'"' b
(#-"/Hb -b&2b,&b"%%( "%b-(b+-b-!b-,-b(+b+-"' b-!b%+'"' b-!-b-!b-,-b
&,.+,Ib.-b-!b-,-b",b-!b,-b ."b-(b," '"' b%+'"' b-"/"-",Hb2b/%()"' b
-,-,b"+,-Ib2(.b,/b-"&b'b&('2b0!"%b&$"' b2(.+b-,-"' b'b-!"' b&(+b
-"/Hb

-.-H&,# 3H."H)$.#0Hb!+b",b'(b%++b'b&(+b)+",b,--&'-b(bb%+'"' b
(#-"/b-!'bb-,-b*.,-"('b-!-b&,.+,b0!-!+b-!-b(#-"/b!,b'b
(&)%",!Hb b-!b-,-b",b/%"Ib),,"' b-!b-,-b"'"-,b(&)%",!"' b-!b(#-"/Hb
-!+b-!'b,-+. %b-!+(. !bb(&)%1b&-!((%( 2b(+b1)+,,"' b(#-"/,Ib(.,b
2(.+b(+-,b('b,)"2"' b-"/b-,-,Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
)/H(H/-H."H.-.-H.)H*,G.-.H&,(,-Hb.!b)+_-,-,b0"%%b"'-"2b(#-,b-!-b%+'+,b
'b,$")Hb (+b"&)(+-'-%2Ib)+_-,-,b.,b+%2b"'b-!b/%()&'-b)+(,,b'b"'-"2b
(#-,b2(.b'b(&"-b.,b-!b-,-,b,!(0b%+'+,b%+2b'b&-b-!b(#-"/,Hb

-.-H(H) .(H-,0H-H."H&,(#(!H.#0#.#-H ),H."H)$.Hb,-,b'bb," 'b,b

)+-",Ib%+'"' b &,Ib,"&.%-"(',Ib(+b0(+$b,," '&'-,Hbb

(!$!$
"'$!$

-.-H(H!/#H3)/H#(H."H0&)*'(.H) H)(.(.Hb,-,b'b/+"2b)+(-(-2),b(+b
%+'"' b-"/"-",Hb b%+'+,b-$b-!b)+(-(-2)b'b),,b-!b-,-Ib-!b)+(-(-2)b",b
0(+$"' Hb,-,b'b!%)b+"'b%+'"' b-"/"-",b2b(&)+"' b-!b%+'"' b+,.%-,b+(&b
"+'-b," ',b(+b/+"-"(',Hb/"' b-,-,b/"%%b+%2b "/,b-"&b-(b+"'b-!b-,-,b
2b,!+)'"' b-!b(.,b'b+&(/"' b&" ."-2Hb
(Ib/%()b-,-,b"+,-b'b-!'b-!b%+'"' b-"/"-",b',,+2b-(b)+)+b(+b-!b-,-,Hb

)5<53D
<51B>9>7
13D9F9D95C


-"/"-",b+b',,+2b-(b)+(/($b%+'"' b1)+"',Hb,b"'b(&"'-"('Ib,"&)%b
%+'"' b-"/"-",b'b(&)%",!b"".%-b%+'"' b(#-"/,Hb
+'"' b-"/"-",b1+",b,"b,$"%%,Ib-!(. !-b)+(,,,Ib--"-.,Ib'b!/"(+,Hb.-b
&+b-"('b",b'(-bb%+'"' b-"/"-2Hb()%b%+'b%"--%b2b#.,-b%"$"' b-!b&(.,b(+b
!--"' b(.-b/-"('b)%',Hb()%b%+'b2b(',"+"' Ib+,+!"' Ib'%23"' Ib
/%.-"' Ib(+ '"3"' Ib,2'-!,"3"' Ib",.,,"' Ib-,-"' Ib""' Ib'b))%2"' b",Hb

-"/"-",b&2b.,b&(.,b%"$,b'b-%-b-),Ib.-b-!"+b (%b",b-(b)+(/($b-!b1-b
&'-%b1)+"',b-!-b%b-(b%+'"' Hb

(b(&)%",!b%+'"' b(#-"/,Ib0b
-2)"%%2b+*."+b-!+b-2),b(b%+'"' b
-"/"-",Jb
($'Ib$Ib'b$##)Hb!-b+b
-!2b'b0!2b(b0b'b-!&Mb
+'+,b($'b$'(0% Ib-2)"%%2b2b
+"' b-1-Ib0-!"' b'b'"&-"('Ib(+b
%",-'"' b-(b'++-"('Hb 'b'b
,(+b-"/"-2Ib
-!b%+'+b",b)!2,"%%2b),,"/Ib.-b&'-%%2b
b -"/Hb

'(-!+b-2)b(b%+'"' b-"/"-2b!,b%+'+,b$b,(&-!"' b0"-!b0!-b-!2b+b%+'"' Ib

(+b"',-'Ib)+-"bb)+(.+Ib)%2bb &Ib(+b',0+b*.,-"(',Hb!b%+'+b)+-",Ib
1)%(+,Ib'b",(/+,Hb

!b-!"+b-2)b(b%+'"' b-"/"-2b!,b%+'+,b$##)b0!-b-!2b+b%+'"' b-(b-!"+b

0(+$Ib-!"+b%"/,Ib(+b-!"+b)+"(+b%+'"' Hb(''-b-"/"-",bW,%b-!b%IXb&$"' b"-b
,"+b-(b))%2b%+'"' b0!'b"-b",b'b%-+Hbb

b




(!$!$
"'$!$



'$!$
-
(!$


b
!,b-!+b-"/"-",b+b,!(0'b,bb2%b,-+-"' b0"-!b-!b
,(+b-"/"-2Hb!",b",b-!b
&(,-b(&&('b,*.'b(+b( '"-"/b,.#-,Ib.-b"-b",b'(-bb+*."+&'-b'b'(-b%02,b
-!b,-b,*.'Hb"+'-b-2),b(b,.#-,b'b"+'-b"',-+.-"('%b,-+- ",b0"%%b
&'bb"+'-b,*.'Hbb

&B?F?;5
@B?F5>
<51B>9>7
5H@5B95>35C

(',"+b%+'"' b1)+"',b"'b2(.+b%"Hb'b2(.b%,,"2b-!&b,b
,(+Ib(Ib(+b
(''-b-"/"-",Mb&&+b-!-b
,(+b-"/"-",b-2)"%%2b!/b-!b%+'+b+Ib
0-!Ib'b%",-'Hb(b-"/"-",b!/b-!b%+'+b(b,(&-!"' b0"-!b$'(0% Ib,.!b,b
)+-"Ib1)%(+Ib'b",(/+Hb
'b(''-b-"/"-",b%b-!b%+'+b-(b(''-b.++'-b
%+'"' b-(b%"Ib0(+$Ib'b)+"(+b%+'"' Hbb
(&&('b-2),b(b%+'"' b1)+"',b"'%.b,$"' b*.,-"(',Ib",(/+2b-"/"-",Ib"%b
-+"),Ib#(b",Ib(+" "'%b0(+$b,," '&'-,Ib)('+b-"/"-",Ib)+-"b,,,"(',Ib+"' ,Ib
+,+!Ib,-(+",b-(%b2b-!b-!+Ib'b,-(+",b-(%b2b-!b%+'+Hb!"!b+b
,(+Ib
0!"!b+b(Ib'b0!"!b+b(''-b-"/"-",Mb

+V,b!(0b b%,,"2b-!&a0!"!b",b"&)(+-'-b('%2b"'b-!-b-!",b",b!(0b-!2b))+b"'b-!b
+,-b(b-!",b(($Hb

b
2C?B2
13D9F9D95C

'b-!b
,(+b(%.&'b+b-"/"-",b"'b0!"!b-!b%+'+b+,Ib%",-',Ib'b0-!,Hbb
,-(..#)(-H%.+$H-b-!b%-b b(b-!b
,(+b(%.&'Ib.,b%%b-!b%+'+b'b(b",b
%(($b'b%",-'Hbb!()b-!b%+'+b,(+,b-!b"'(+&-"('b"'b-!b)+,'--"('b-"/%2Hb

#(!-b"'%.b-"/"-",b(+b0!"!b-!b%+'+b+,b+(&b('%"'b(+b))+b(.&'-,Ib
,.!b,b-1-(($,Ib+,+!b))+,Ib(+b-!'"%b&'.%,Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
.),#-H3H."H.",H(+b'b1)+-b+Ib%"$0",Ib,(+b2b-!b%+'+Hbb
#&H.,#*-b+b-b-!b+" !-b b(b-!b
,(+b(%.&'Hb
%-!(. !b-!b%+'+b&2bb
)!2,"%%2b-"/b('bb"%b-+")Ib-!b%+'+b%+',b2b,(+"' b"'(+&-"('Hb 'bb"%b-+")b
-(b'b+-b&.,.&Ib(+b1&)%Ib-!b%+'+b&2b%+'b2b%(($"' b-b)"'-"' ,Ib+"' b
-!"+b,+")-"(',Ib'b%",-'"' b-(bb&.,.&b('-b%-.+b(.-b-!&Hb
b"%b-+")b-(bb


!',_('b&.,.&Ib,.!b,b-!b1)%(+-(+".&b"'b'b+'",(Ib!(0/+Ib0(.%bb&(+b

(!$!$
"'$!$

(bb(b-"/"-2Ib,b%+'"' b(.+,b-!+(. !b1)+"&'-,b'b",(/+2Hbb

?
13D9F9D95C

'b-!b(b(%.&'b0b)%b-"/"-",b0!+b-!b%+'+b-"/%2b1+",,Ib1)%(+,Ib'b
",(/+,Hb
,.#b-"/"-",b%%b,*.+%2b"'b-!",b(%.&'Hb!2b%%(0b%+'+,b-(b))%2b,$"%%,Ib
$'(0% Ib'b--"-.,b'b+"/b$b('b-!"+b(+-,Hb!2b!%)b%+'+,b+"'b
'b)(%",!b%+'"' Hb+-"b-"/"-",b'b+' b+(&b,"&)%b+"%%_'_)+-"b1+",,b
-(b,()!",-"-b ."_'%2,",b-"/"-",Hbb

#-)0,3H-"/"-",b+b-"&,b(+b1)+"&'-"' b'b1)%(+"' Hb!"+b (%b",b-(b%b

%+'+,b-(b",(/+b(')-,Ib)+"'")%,Ib'b)+(.+,b(+b-!&,%/,Hb

'-H'b,"&.%-"(',H%-b%+'+,b",(/+b'b)+-"b'0b,$"%%,b'b,-+- ",b"'bb
,b'/"+('&'-Hb +'+,b'b "'b"'," !-,b'b('"'b,b-!2b,(%/b+%",-"b
)+(%&,b"'b'b'-+-"'"' b('-1-Hb

?>>53D
13D9F9D95C

(''-b-"/"-",b%b%+'+,b-(b%"'$b0!-b-!2b+b%+'"' b-(b)+"(+b%+'"' b'b-(b
,"-.-"(',b"'b0!"!b-!2b0"%%b))%2b-!b.++'-b%+'"' b"'b,.,*.'-b(.+,,b(+b('b-!b
#(Hb

)(,b-"/"-",b,$b%+'+,b-(b,-()b'b-!"'$b(.-b-!b,.#-b&(+b+(%2b'b
)%2Hb!2b'(.+ b%+'+,b-(b/"0b-!b,.#-b+(&bb'0b)+,)-"/Hb!2b+b
-2)"%%2b.,b(+b(''-"' b-(b0!-b%+'+,b%+2b$'(0Hbb

/-.#)(#(!b-"/"-",b%-b%+'+,b(-"'b',0+,b-(b-!"+b"'"/".%b*.,-"(',Hb!2b
+*."+b%+'+,b-(b('"/b'b1)+,,b*.,-"(',Ib-(b(',"+b',0+,Ib'b-(b,$b(%%(0_
.)b*.,-"(',Hb!2b%-b%+'+,b"%%b ),b"'b-!"+b.++'-b%+'"' Hb
.),#-H.)&H3H&,(,-b+*."+b%+'+,b-(b+0b('b-!"+b(0'b1)+"',Hb!2b!%)b
%+'+,b(''-b-!b,.#-b(b%+'"' b-(b)+,('%b1)+"',Hb
)H#-b+b.,b('b-!b#(b-b-!b-"&b0!'b%+'"' b&.,-bb))%"Hb
,b,.!Ib-!2b!%)b
(''-b%+'"' b-(b0(+$Hbb

b




(!$!$
"'$!$



'$!$
-
(!$


b
-,"b-"/"-",Ib0!+b%+'+,b&.,-b"'-"2b%+'"' b+,(.+,b('b-!"+b(0'Ib+b
(''-b-"/"-",Ib,b-!2b+*."+b,,"' b'b"'-+)+-"' b(.-,"b+,(.+,Hbb

+(+&"' H),#!#(&H1),%b",b-!b.%-"&-b"'%b1&Hb -b.%%2b(''-,b%+'"' b-(b-!b%"b

(b-!b%+'+Hb

'V-b0"-b-(b%+'b&(+b(.-b-!,b-"/"-",Mb+b+b,(&b,-"'-"(',b(+b2(.Jb

-),H.#0#.#-H )H.#0#.#-H )((.H.#0#.#-H

O!)-+b:PH O!)-+b;PH O!)-+b<PH

Ib0-!Ib'b%",-'HH 1+",Ib1)+"&'-Ib'b "'$b-(b)+"(+b%+'"' Ib-(b

",(/+Hb 0(+$Ib'b-(b%"Hb

 +,'--"(',b'b  +-"bO)Hb9;8PHb  ('+b-"/"-",b

&(,bO)Hb>APHb  ",(/+2b-"/"-",b O)Hb9>>PHb
 "' ,bO)HbA;PHb


O)Hb9<>PHb  .,-"('"' b-"/"-",b



 -(+",b2b-!b-!+b  &,bO)Hb9=?PHb O)Hb9?>PHb



O)Hb98=PHb  -(+",b2b-!b%+'+b


 "%b-+"),bO)Hb99:PHH O)Hb9@<PHb

 (b",bO)Hb9@?PHb


 ,+!bO)Hb9A>PHb


 +" "'%b0(+$bO)Hb:8?Pb
b

-85B5
494
D89C
<9CD
3?=5
6B?=

!b-"/"-",b0b"'-""b!/b'b,,'-"%b(+b%+'"' b"'b"+'-b+,Ib+(&b
"+'-b.%-.+,Ib(+b"+'-b%+'+,Ib('b"+'-b,.#-,Ib'b"'b"+'-b&"Hb b-!b
,&b-!'"*.b0,b.,b-!+b-!(.,'b2+,b (b"'b
,"b(+b_-(_b+%" "(.,b
"',-+.-"('b'b",b.,b-(2b"'b'b(+b,("%b%+'"' b"'b.,"',,b&' &'-Ib-!'b
"-b",bb/+2b)(0+.%b'b/+,-"%b-!'"*.b"'Hb

b!/b!(,'b-!,b-"/"-",b(+b-!",b(($b.,b-!2b+b)+(/'b'b%1"%b
-"/"-",Hb!'b0%%b," 'b'b))+()+"-%2b)%(2Ib-!2b0(+$b0%%Hb!2b'bb
)-b-(b0(+$b0"-!b'2b,.#-b&--+Hb '2b'bb.,b0"-!b-!b%,,b,bb0!(%Ib2b
,&%%b-&,Ib2b"'"/".%,b&('"-(+b2b-!b-!+Ib'b2b%+'+,b0(+$"' b%('Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
+C5
D85C5
13D9F9D95C
1C
1
CD1BD

(.b&2bb0('+"' b0!-!+b-!,b$"',b(b-"/"-",b+b%%b2(.b0"%%b/+b.,Hb(Hb!b
+' b(b-"/"-",b%",-b!+b+b*.-b-(b-!b&(,-b,.#-,Ib.-b-!2b,!(.%b'(-b
%"&"-b2(.+b+-"/"-2b"'b("'"' b'0b$"',b(b-"/"-",b(+b"'b)-"' b-!,b-"/"-",b-(b
'0b&"Ib'0b,"-.-"(',Ib'b"+'-b(#-"/,Hb,b-!b-"/"-",b!+b,bb,-+-"' b


)("'-b('%2Hb

(!$!$
"'$!$

8??C5
<51B>9>7
13D9F9D95C
D?
133?=@<9C8
D85
?2:53D9F5

-b",b('b-!"' b-(b$'(0b0!-b-2),b(b%+'"' b1)+"',b0b'Hb -b",b'(-!+b-(b%",-b-!b
1-b%+'"' b-"/"-",b0b'b-(b(&)%",!bb,)""b%+'"' b(#-"/Hbb

+V,b!(0b0b (b(.-b"-Hbb,-+-b0"-!b-!b(#-"/b(b(.+b%+'"' b(#-Hbb(',"+b

-!b-!+b-2),b(b,,'-"%b-"/"-",b0b0"%%b'Jb
,(+Ib(Ib'b(''-Hb(+b!b(b
-!,b-2),Ib0b'b-(b,+"b-!b-.%b1)+"'Hb
'b0b'b-(b,)"2b-!b(++b
"'b0!"!b!b-"/"-2b(.+,Hb(+b1&)%Ib%-V,b,)"2b%+'"' b-"/"-",b(+b'b(#-"/b
+(&b-!b(#8#))8')(b(.+,Hb

,(#(!H)$.#0H

!b!(0b-(b"'-+)+-bb'--b!+-b-(b&"_%/%b&' +,b0!(b+( '"3b-!b

"'"/".%b,2&(%,b

.#0#.3H 3*H

-!bb'++-b'"&-"('b(bb-2)"%b'--b!+-b"' b
,(+b
(',-+.-Hb
1&"'b'--b!+-,b-b0(+$b-(b,b!(0b-!2b0+b(',-+.-Hb (''-b
(',-+.-bb,"&"%+b'--b!+-b2b+ "' b'b+())"' b)",b (b'b-,-b
"'-(b)%Hb
b

b,-+-b0"-!b'b
,(+b-"/"-2b-!-b!,b-!b%+'+,b0-!bb'++-b'"&-"('b(bb
-2)"%b'--b!+-b"' b(',-+.-Hb1-Ib0b"'%.bb(''-b-"/"-2b-!-b .",b
%+'+,b-(b1&"'b'--b!+-,b"'b-!"+b'/"+('&'-b-(b,b!(0b-!2b0+b(',-+.-Hb
b%(,b0"-!bb(b-"/"-2b-!-b+*."+,b-!b%+'+,b-(b(',-+.-bb,"&"%+b'--b!+-b2b
+ "' b)",b"'-(b)%Hb!",b(b-"/"-2b,+/,b,bb-,-b,b0%%Hb
(-"b-!-b-!b(++bO
,(+Ib(''-Ib'b(Pb/+",b+(&b-!b%,,"b(++Hb!",b",b'(-b
.'.,.%b0!+b"-b,+/,b-(b"'+,b&(-"/-"('b(+b,-+&%"'b-!b%(0b(b%+'"' b
1)+"',Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b
+b2(.b,b-!b+,.%-"' b%+'"' b(#-Hbb

b
"0b1&)%b-b!(+-('H(&^%^Hb

-b-!b-()b(b-!b) b",b'b'"&-b)+,'--"('b0"-!b/("_(/+b'++-"('Hb!b
'"&-"('b,!(0,b-!b(',-+.-"('b(bb,"&)%b'--b!+-Hb-!"' b-!b'"&-"('b",b-!b

,(+b-"/"-2Hb
%(0b-!b)+,'--"('b",bb)('+b-"/"-2Hb -b"'/"-,b%+'+,b-(b"'bb'--b!+-b"'b-!"+b
0(+$Hb -b-!'b,$,b0!-!+b-!2b'b" .+b(.-b!(0b"-b0,b(',-+.-b'b0!-!+b-!2b
%b-!2b(.%b!/b(',-+.-b"-Hb
',0+"' b-!",b+!-(+"%b*.,-"('b&$,b.)b-!b
(''-b-"/"-2Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b

-b-!b(--(&b",bb)+-"b-"/"-2b-!-b%-,b-!b%+'+b(',-+.-bb'--b!+-b2b"+,-b
)())"' b.)bb,+")-"('b(b-!b-,$,b(bb)+(#-b'b-!'b+ "' b,2&(%,b"'-(b)%b
+)+,'-"' b-!b)+(#-Hb!",b)+-"b"&)%&'-,b-!b(b-"/"-2Hbb

#?B5
5H1=@<5C
?6
<51B>9>7
13D9F9D95C
D?
=55D
?2:53D9F5C


+b+b,/+%b,&)%b(#-"/,b'b)(-'-"%b%+'"' b-"/"-",b-(b(&)%",!b-!&Jb

(!$!$
"'$!$

$.#0H ,(#(!H.#0#.#-H

'-"2b+-"/b
-),Jb+,'--"('b('b!&"%b)+()+-",Hb
.,,b(b-!b )Jb+-"b""' b0!-!+b-(b.,b'"(".&b(+b,)""b (%,Hb
!&"%b%&'-b )((.Jb '-"2b,(&b.,,b(+b'"(".&b"'b2(.+b0(+$Hb
'"(".&Hb
%"/b-!-b
-),Jb+,'--"('b(b-!+b,,b0!+b&)%(2,b" '(+b
&)%(2,b&.,-b .%%2"' Ib-!"'$"' b"-b0,b,(%%2b&' &'-V,b+(%b-(b)+/'-b
-b-(b)+/'-b ,.!b!/"(+Hb
.%%2"' b"'b-!b )Jb '-"2b)%,b0!+b&)%(2,b(.%b!/b"'-+/'b-(b
0(+$)%Hb ,-()b,%-"' b/"(%'Hb
)((.Jb",.,,b0"-!b(-!+b&)%(2,b"',-',b(b0(+$)%b
.%%2"' b-!-b%+'+,b!/b(,+/Hb
"b0!-!+bb
-),Jb-!b'b%",-'b-(bb)+,'--"('b(b% %b)+(%&,b
&"'b'$b'b -!-b+,.%-b.b-(b"&)+()+b% -"('Hb
% -b-(b'b )Jb"'b+.%,b('+'"' b% -"('b"'b('%"'b)(%"2b&'.%,Hb
,,("-"('b'$b )Jb"b"'b,/+%b,'+"(,b0!-!+b-!b&"'b'$b
-!b.-!(+"-2b-(b )+()+%2b% -b.-!(+"-2Hb
&$b%(',Hb )((.Jb,+!b)(%"",b-b2(.+b(0'b'$Hb
H

(-"b-!-b-!b%,-b1&)%b!,b-0(b(b-"/"-",Hb!",b",bb(&&('b/+"-"('b0!+b'b
(#-"/b",b+(b(+b0!+b)+b%+'"' b",b+*."+Hb('V-bb+"b-(b/+2b-!b,"b
)--+'b(+b,)"%b,,Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

#1D38
13D9F9D95C
D?
D85
DI@5
?6
?2:53D9F5

!b(%%(0"' b#(b"b-",b-!b,"1b-2),b(b(#-"/,b-(b(&&('b-2),b(b%+'"' b
-"/"-",Hb
%(' b-!b%-b+b-!b&"'b-2),b(b-"/"-",b +(.)b"'-(b
,(+Ib(Ib'b
(''-b- (+",Hb 'b(%.&',b+b-!b,"1b-2),b(b(#-"/,Hb
b"+%b-b-!b"'-+,-"('b
(bb-2)V,b(%.&'b'b'b-"/"-2V,b+(0b&',b-!-b-!b-"/"-2b",b+(&&'b(+b-!-b
-2)b(b%+'"' b(#-"/Hb
b%$b(-b"'"-,bb,-+(' +b+(&&'-"('Hb

.#0#.#-H 3*-H) H)$.#0-H

,.H #H )H ()1H &#0H &H
+,'--"('b b b b
b
b
b

-),H

"' ,b b b b
b b b
-(+2b2b-!+b b b b b b b
"%b-+")b b b b b b b
+-"b
b
b
b b b b
)H

",(/+2b b b b
b
b
b
&b b
b b b b b
('+b b b b b b b
.,-"('"' b b b
b b b b
)((.H

-(+2b2b%+'+b b b b b b b

,+!b b
b b
b
b b

(b"b b b
b b b b

+" "'%b0(+$b
b b b b b b
b

?G
=E38
?6
5138

b&b(-'b,$b0!-b)+()(+-"('b(b-"&b%+'+,b,!(.%b,)'b('b!b-2)b(b-"/"-2Hb
(&&('b)+()(+-"(',b(b
,(+Ib(Ib'b(''-b-"/"-",b+bA8_A_9Hb!-b",Ib%+'+,b
,)'bA8Bb(b-!"+b-"&b,(+"' IbABb("' Ib'b('%2b9Bb(''-"' Hb!+b",b'(b
.'"/+,%%2b,-b&"1Ib.-bA8_A_9b",b#$)b/'bb ((b&"1Ib1)-b)+!),b(+b'(/",b0!(b
'b1-',"/b
,(+b(+b-!2b'b(b'2-!"' b&'"' .%Hb
b--+b (%b&2bb<8_
=8_98Hb!-b",b%+'+,b,)'b<8Bb(b-!"+b-"&b,(+"' Ib=8Bb("' Ib'b98Bb(''-"' Hbb

&93;
G9>>9>7
3?=29>1D9?>C
?6
<51B>9>7
13D9F9D95C

+'"' b-"/"-",b+b,%(&b)%(2b"'"/".%%2Hb(+b-"/b_%+'"' Ib0b&.,-b
(&"'b%+'"' b-"/"-",Hb(b(&)%",!bb%+'"' b(#-"/Ib0b-2)"%%2b(&"'b

,(+Ib(Ib'b(''-b-"/"-",Hb.-b0!-b-"/"-",b,!(.%b0b(&"'Mb
+b,(&b
(&"'-"(',b--+b-!'b(-!+,Mb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
,Ib,(&b +(.),b(b-"/"-",b'-.+%%2b+"'(+b('b'(-!+Hb(+b"',-'Ib,(&b-!-b.,b
+%-b+,(.+,b'bb(&"'b,(b-!-b%+'+,b%b-!2b+b"'bb,"' %b"'- +-b
-"/"-2Ib+-!+b-!'bb,*.'b(b,)+-b-"/"-",Hb -V,b%(($b-b,(&b)+(.-"/b
(&"'-"(',Hb

'b-+"-"('%b(&"'-"('b,-+-,b0"-!bb)+,'--"('b,.))%2"' b"'(+&-"('Ibb

)+-"b,,,"('b))%2"' b-!b"'(+&-"('b-(b,"&)%b)+(%&,Ib'b"'%%2b'b(+" "'%_

(!$!$
"'$!$

0(+$b-"/"-2b-!-b+*."+,b))%2"' b-!b"'(+&-"('b"'b+%",-"b,"-.-"(',Hb(')-.%b
$'(0% b/+",b-!",b)--+'Hb -b "',b0"-!bb)+,'--"('b(+b+"' ,b('b-!b(')-Ib
(%%(0b2bb*.,-"('_'_',0+b,,,"('b'b-!'b'b())(+-.'"-2b-(b)+-"b
))%2"' b-!b(')-Hb

-(+",b-(%b2b-!b-!+b+b+*.'-%2b(%%(0b2b(&)+%b,-(+",b-(%b2b
%+'+,Hb!b,-(+2b-(%b2b-!b-!+b!%%' ,b%+'+,b-(b-%%bb(++,)('"' b,-(+2b
'b&(%,b-!b$"'b(b,-(+2b-!2b,!(.%b-%%Hb


'(-!+b%( "%b(&"'-"('b",bb+,+!b-"/"-2b"'b0!"!b%+'+,b"'b(.&'-,b
('-"'"' b.,.%b"'(+&-"('b(%%(0b2bb+"' b-"/"-2b0!+b%+'+,b+b-!b
(.&'-,b-(b1-+-b"'(+&-"('b'b(+bb,)""b).+)(,Hb

+" "'%_0(+$b-"/"-",b'b-$b)%b0"-!b-!b,,",-'b(bb#(b"b-(b"&)+(/bb
%+'+V,b"%"-2b-(b)+(+&b0(+$b"'b-!b+%b0(+%Hb

+'"' b &,b'b+"' ,b(&)%&'-b('b'(-!+Hb!b &b&(-"/-,b%+'+,b
'b,-%",!,b)+"'")%,Hb"' b&-+"%,b,.))%2b-"%b"'(+&-"('b'b-(b
0"'b-!b &Hb

+" "'%b0(+$b'bb," 'b,(b-!-b%+'+,b&.,-b)+(+&b+,+!b-(b -!+b
'b"'(+&-"('Hb!",b(&"'-"('b)+)+,b%+'+,b-(bb0(+$b,"-.-"(',b0!+b
-!2b(b'(-b2-b!/b-!b',,+2b"'(+&-"('Hb
!,b(&"'-"(',b+b.-bb0b(b-!b&'2b)+(.-"/b&"1,b(b%+'"' b-"/"-",Hb,b
2(.+b+-"/"-2b-(b-!"'$b(b/'b&(+b(&"'-"(',b'b,*.',b(b%+'"' b-"/"-",b
-!-b0"%%b(&)%",!b2(.+b%+'"' b(#-"/,Hb

)9=@<96I
13D9F9D95C

(+b,(&b(#-"/,Ib-!b
,(+Ib(Ib(+b(''-b)+-b&2bb,&%%b'b,"&)%Hb(+b,(&b
-"/"-",Ib-!b('%2b
,(+b'b",b+"' b-!b"',-+.-"(',Hb "$0",b(+bb#(b"Ib-!b
('%2b
,(+b",b+"' b+(&b-!b#(b"Hb
-+b%+'+,b0-!bb&(',-+-"('bO
,(+PIb
2(.b&2b"'/"-b-!&b-(b-+2b-!b,&b)+(.+bO(Pb0"-!b,&)%b&-+"%,b2(.b)+(/"Ib
(+b0"-!b&-+"%,b-!2b)+(/"bO(''-PHb!'b,+!"' b('b-!"+b(0'Ib-!b%+'+Y,b
+,('b(+b,+!"' b",b%%b-!b(''-"('b-!2b'Hb'b(b-!b&(,-b-"/b(''-b
-"/"-",b",b,"&)%2b,$"' bb+!-(+"%b*.,-"('Ib,.!b,IbZ(0b0(.%b2(.b.,b-!",HZb
(''-b-"/"-",b'b(.+b,)('-'(.,%2b0!'b%+'+,b+b"'/"-b-(b.,b/"%%b
,("%b&"b-((%,b-(b",.,,b0"-!b-!"+b)+,b02,b-(b))%2b%+'"' Hb
/'b%+'+,b
&2bb!%%' b-(b)+(/"b-!"+b(0'b(b'b(''-b-"/"-",Hb

b
 



(!$!$
"'$!$



'$!$
-
(!$


b
1C3145
B5<1D54
13D9F9D95C

!+b%+'+,b(%%(0bb"'b)-!b%(' bb!"'b(b)++*.","-,Ib-"/"-",b'b,b
+(&b-()"b-(b-()"Hb(+b1&)%Ib-!b(b-"/"-2b(b('b(#-b&2b+*."+b))%2"' b
O(''-"' Pb%+'"' b+(&b-!b)+"' b(#-Hbb

b
#-,b+%2b"'b-!b!"'b(b'(-b+*."+b1)%""-b(''-b-"/"-",b.,b-!-b(''-"('b
",b)+(/"b2b-!b'1-b(#-b"'b,*.'Hb

41@D
D85
2C?B2??>>53D
C385=5
6<5H92<I

/"' bb",-"'-b,-b(b
,(+Ib(Ib'b(''-b-"/"-",b)+b-()"bO(#-"/Pb",bb,Ib
,'b02b-(b)+(a.-b'(-b-!b('%2b02Ib,)"%%2b0!+b"'(+&-"('b",b!" !%2b
"'-+(''-b'b-,$,b!/b&'2b)++*.","-,Hb+b+b,(&b(&&('b/+"-"(',Jb

'b%(' b+"' b(+b/"0"' b1)+"'b,+/,b,b-!b
,(+b-"/"-2b(+bb'.&+b(b
-()",Hb

'b+(b(b-"/"-2b'b(',(%"-b,$"%%,b*."+b"'b&.%-")%b)++*.","-,Hb

(+b,+!b-"/"-",Ib(''-b(.+,b"+,-b,b-!b'b-(b(&)%-bb-,$Ib
,(+b(.+,b
+"%2b-b-!b'b(b-!b,+!Ib'b(b(.+,b,b-!b"'(+&-"('b",b))%"Hb

'b &,Ib
,(+Ib(Ib'b(''-b(.+b,&%,,%2b,b%+'+,b+)-%2b('+('-bb
,"-.-"('Ib%(($b+(.'b-(b" .+b(.-b0!-b-(b(Ib'b1)+"'b-!b(',*.',b(b
-!"+b-"(',Hb

'b,("%b%+'"' Ib
,(+b '+%%2b(&,b+(&b"')''-b+,+!b'b+"' Ib(b
(',",-,b(b,!+"' b'b,!%%(0b",.,,"('Ib'b(''-b(&,b+(&b)+b
",.,,"(',b('b!(0b-(b))%2b",Hb

(+b0(+$b,"&.%-"(',Ib-!b
,(+b-"/"-2b(&,b"'b0-!"' bb&(',-+-"('b(b!(0b
-(b)+(+&b'b-"/"-2Ib-!b(b-"/"-2b(.+,b,b%+'+,b+b(!b-!+(. !bb
,"&.%-b--&)-b-bb-,$Ib'b-!b(''-b-"/"-2b(.+,b,b%+'+,b--&)-b-!b
-,$b0"-!(.-b,,",-'Hb
(',"+b02,b-!-b-"/"-",b'bb-" !-%2b"'- +-b'b%'b,&%,,%2b-(b)+(.b
b(!+'-b%+'"' b1)+"'Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
>12<5
49C3?F5BI

!+b",b('b&(+b1)+"'b-!-b",b,,'-"%b-(b%+'"' Hb -b",b-!b!_!b&(&'-b(b
",(/+2Hb!b ((b'0,b",b-!-b"-b(,b'(-b+*."+b"' b'2-!"' b-(b-!b," 'Ib#.,-b
!$"' b-(b',.+b-!-b"-b(.+,Hb


!+b
,(+Ib(Ib'b(''-b+b-"/"-",Ib",(/+2b",b'b/'-Hb -b",b-!b$2b&(&'-b

(!$!$
"'$!$

"'b%+'"' Hb -b&+$,b-!b+%"3-"('b(b%+'"' Ib+,.%-"' b+(&b
,(+Ib(Ib(+b(''-b
-"/"-",Hbb

",(/+2b!,b)!2,"%b'b&(-"('%b&'",--"(',Hb!b%+'+b&2b1%"&b(+b
0!",)+IbZ!Ib b,Ib b -b"-NXbZ b'b(b-!",NZb(+b,(&b(-!+b*."/%'-b(bZ.+$NZb
",(/+2b",b(&)'"b2b'b&(-"('%b!' b,.!b,bb.+,-b(b('"'b(+b-!b
,.'b+%"b(b-',"('Hb -b&2b(,"('b0b-b-!b)(0+b(bb(')-b(+b-!b,"&)%""-2b(b
b(+&.%Hb -b&2b&'",-b,b+b-b-!b' +b+/%b2bb0+'"' Hb-'b"-b",b/"'-b
2bb,&"%b(+bb,%" !-b%. !Hb
!'b(,b",(/+2b(.+Mb 'bb%,,"b
,(+_(_(''-b,*.'Ib",(/+2b
-2)"%%2b(.+,b-b-!b'b(b-!b(''-b-"/"-2Hb.-b-!-b",b'(-b-!b('%2b)%b",(/+2b
'b(.+Hb
'b,)"%%2b-"/b
,(+b-"/"-2b'b)+(/($b",(/+2Hb",(/+",b
(.+b+)"%2b'b('-"'.%%2b-!+(. !(.-bb &Hb
'Ib,b-!"+b'&b,. ,-,Ib",(/+2b
-"/"-",b+b," 'b-(b)+(/($b",(/+2Hb
'b," '"' b%+'"' b1)+"',Ib(',"+b0!+b2(.b0'-b",(/+2b-(b(.+Hb!'b
-,-"' b2(.+b_%+'"' Ib0-!b%+'+,b-(b',.+b-!-b",(/+2b"'b(,b(.+Hb

8??C5
=5491

'b2(.b!/b)+,+"b-!b-"/"-",b',,+2b-(b(&)%",!b-!b(#-"/b'b-!b-,-,b
',,+2b-(b/+"2b-!-b(&)%",!&'-Ib2(.b'b-.+'b-(b,%-"' b'b,)"2"' b-!b
&"b',,+2b-(b"&)%&'-b-!b-"/"-",b'b-,-,Hb!b(#-b&2b+*."+bb"+'-b
&"1b(b-1-Ib +)!",Ib,(.'Ib/("Ib&.,"Ib'"&-"('Ib'b/"(Hb

)@51;
D85
>1DEB1<
<1>7E175

(0b-!-b%%b&"b+b-!'"%%2b)(,,"%Ib'b&(,-b+b('(&"%%2b)+-"%Ib0b'b
-(b1+",b#. &'-b-(b)"$b-!b&"b-!-b&(,-b"+-%2b'b-"/%2b1)+,,b-!b",b
0b0'-b-(b -b+(,,Hb!-b",Ib0b&.,-b%(($b(+b-!b'-.+%b%' . b(+b-!b%+'"' b
1)+"'b0b0'-b-(b+-Hbb
(b"'-"2b-!b'-.+%b%' . Ib,$b2(.+,%IbW!-b&".&b",b,,'-"%b-(b(&)%",!b
&2b(#-"/MXb!-b",Ib0!-b&".&b(.%b2(.b#$)b(b0"-!(.-b(+b,0)b(+b'(-!+b
&".&Mb(+b1&)%Ib"'b,(&b,,b0b(.%b+)%b/("b0"-!b-1-b'b"'b(-!+b,,b
('%2b/("b0(.%b(Hb(&-"&,b0b(.%b.,bb,+",b(b,--"b +)!",b+-!+b-!'b
,&((-!_%(0"' b'"&-"('Ib'b,(&-"&,b'(-Hbb

b
 



(!$!$
"'$!$



'$!$
-
(!$


b
-V,b%(($b-b,(&b).+)(,,b'b"'-"2b-!b('b&".&b-!-b2(.b''(-b(b0"-!(.-Hb

$.#0H #H )1H'*&)3H

(b-!b"+%"'b)"%(-,b-(b+( '"3b (.'b -!b,(.',b-(b&'"' ,b

."%b%+&,b
(b('/"'b,"%(+,b-(b,$b-+-&'-b "(b b +'-!+%2b&"+%V,b
(+b+. b)+(%&,b )%b
(b1)%"'b-(b'b' "'+b!(0bb +)!",b "&)%""b"+."-b" +&b
"+."-b0(+$,b
(b-!b,)($'b' %",!b"'b!"'b/"b ","('b (-b&.!b!("b
&("%b)!(',b
(b1)%"'b--%"%b--",b-(b
'"&-"('b
'"&-b-+(()b
!",-(+2b,-.'-,b &(/&'-,b('b&),b
b

!-b&".&b0(.%b2(.b+*."+b-(b-!b"+%"'b)"%(-,b-(b+( '"3b."%b%+&,Mb"'b
0b+b-%$"' b(.-b."%b%+&,Ib,(.'b",b',,+2Hbb&" !-b!/b%+'+,b)+-"b
&-!"' b-!b,(.'b0"-!b"-,b&'"' Hbb&" !-b. &'-b-!b,(.'b0"-!b'"&-"('b(+b
/"(b(b-!b('"-"('b"'"-b2b!b%+&Hb(0/+Ib0"-!(.-b,(.'Ib0b0(.%b!/b
%"--%b!'b(b,.,,Hb!-V,b0!2b0b,2b,(.'b",b-!b'-.+%b%' . b"'b-!",b,Hb
!-b"b-!bHHb/2b+*."+b-(b('/"'b,"%(+,b-(b,$b+. b-+-&'-Mb 'b-!",b
,"-.-"('Ib-!b-!"' b-!-b0(+$b0,bb/"(b(bb +'-!+%2b&"+%b,"'+%2b,$"' b
,"%(+,b-(b-!"'$b(b-!&,%/,b'b-!"+b,!")&-,Hb

.))(,b2(.+b(#-"/b0,b-(b1)%"'b-(b'b%-+"%b' "'+b!(0bb"+."-b0(+$,Hb/b
2(.b/+b,'b-0(b' "'+,b++2b('bb('/+,-"('b0"-!(.-b+0"' b)"-.+,Mb 'b-!",b
,Ibb,"&)%""b"+."-b" +&b0(.%b,&b-(bbb+*."+&'-Hb
'"&-"' b-!b
" +&b&" !-b!%)Ib.-b +)!",b+b,,'-"%Hb
!-b(.-b(+b-!"' b,)($'b' %",!b"'b!"'b/"b&("%b)!(',Mb!b('%2b"".%-2b
0"-!b-!",b('b&2bb-!"'$"' b"-b",bb-+"$b*.,-"('Hb -b",b'(-Hb!b,.#-b&--+b'b-!b
,," 'b-!'(%( 2b(-!b&$b/("b-!b,,'-"%b&".&Hb(&-"&,b"-b",b#.,-b-!-b,2Nb

!-b&".&b0(.%b2(.b+*."+b-(b1)%"'b-!b--",b(bb&(.,b--%b-(b!",-(+2b
,-.'-,Mb!b,-b02b-(b!'%b-!",b&2bb-(b.,b'"&-b&),b('b0!"!b%+'+,b,b
%"',b'b,2&(%,b+)+,'-"' b-+(()b&(/&'-,Hb
(.b&2b0'-b-(b('-"'.b-!",b'%2,",b(+b,(&b&,, ,b2(.b&.,-b(&&.'"-b,b)+-b
(b2(.+b_%+'"' Hb(.b'b&$b"-b/'b&(+b&'"' .%b2b,%-"' b)+"&+2b'b
,('+2b&"b(+b-!b/+"(.,b&,, ,Hb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
*B145
?66
@?G5B
1>4
496693E<DI
?6
=5491

'b)"$"' b&"Ib0b&.,-b&$b-+(,b&(' b&"b"'b-+&,b(b-!b)(0+b'b
"".%-2Hb(0+b+)+,'-,b-!b"%"-2b(b&"b-(b(&&.'"-b-,Ib1)%"'b(')-,Ib
'b-+" +b&(-"(',Hb"".%-2b++,b-(b-!b+*."+&'-,b(b.,"' b-!b&".&Ib-!-b",Ib
-!b'-0(+$b,)Ib,-(+ b,)Ib-((%,Ib'b,$"%%,b',,+2b-(b+-b'b)%(2b-!b


&".&Hb -V,b,b!(0b&"b,-$b.)Hbbb

(!$!$
"'$!$

b
1-b",b",)%2b0(+,Hb1-b",b,2Hb(+b&'2Ib!(0/+Ib-1-b",b'(-b(&)%%"' Ib.'%,,b
-!b.-!(+b!,b-!b"%"-",b(bb!$,)+Hb
(+b)(0+.%b'b&(+b"".%-b+b +)!",Hb"-.+,b'b1)+,,b:_b'b;_"&',"('%b
(')-,b'b(-'b"'%.b-1-Hb/'b0"-!b+0"' b)+( +&,b'b%")b+-b%"++",Ib
+)!",b+b,-"%%b&(+b"".%-b-(b.,b-!'b-1-Hb

(.'b"'%.,b,.#-b,(.'Ib$ +(.'b,(.'Ib'b,(.'b-,Hb.,b(b"-,b-b
('b-!b"& "'-"('Ib,(.'b'bb1-+&%2b)(0+.%Ib.-b"-b+*."+,b,.,-'-"%%2b&(+b
,-(+ b,)b'b'-0(+$b,)b-!'b +)!",Hb0b)()%b!/b,(.'_"-"' b,$"%%,Hbb

0(b-2),b(b,(.'b,+/b,)"%b(',"+-"('Ib,)"%%2b,b-!2b(.+b"'b_%+'"' Hb
'b",b/("Hb)($'b0(+,b!/b!" !b)(0+b-(b1)+,,b(-!b%( "%b(')-,b'b
&(-"('%b'.',Hb
'Ib&.,"b!,b-+&'(.,b)(0+b-(b-b&(-"(',Ib.-b%"--%b"%"-2b
-(b('/2b( '"-"/b(')-,Hb

'"&-"('Ib-!-b",Ib&(/"' b+0"' ,Ib,b&(-"('b-(b +)!",Hb -b",b)(0+.%b.,b"-b

'b,!(0b!' Ib/'b-(b(')-.%b,.#-,Hb.,b"-b+*."+,b+-"' b'b,!(0"' b
&.%-")%b)"-.+,Ib"-b",b&(+b"".%-b-(b+-b-!'b,--"b +)!",Hb 'b-!b%,-b0b2+,Ib
'"&-"('b!,b (--'b,"+b-(b+-Hb((%,b%"$b
(b%,!b'b&"-! "+(b(,+b!/b
&b,()!",-"-b'"&-"('b)+-"%Hb
'Ib/'b("b-((%,b%"$b(0+("'-b"'%.b
,"&)%b&-!(,b-(b'"&-b('-'-Hb

b
 



(!$!$
"'$!$



'$!$
-
(!$


b
"(Ib-!-b",Ib&(/"' b)!(-( +)!,Ib",b-b-!b.))+b+" !-b(b(.+b,%Hb.,b/"(b'b
"'%.b%%b-!b(-!+b&"Ib"-b!,b +-b)(0+Hb.-b.,b"-b+*."+,b(3',b(b
)!(-( +)!,b)+b,('Ib"-,b)+(.-"('b'b%"/+2b(,-,b+b!" !Hb"(b",b --"' b&.!b
,"+Hb(2Ib/'b&("%b)!(',b+(+b/"(Hb
'b/"(b"-"' b-((%,b(&b,b)+-b(b
&(,-b()+-"' b,2,-&,Hbb
!(. !b%%b&"b+b)(,,"%Ib0b,-"%%b&.,-b(',"+b+-"/b'b)+-"%b+,(',b(+b
(.+b!(",Hb

*$
()$
$
$
$

," 'b(b_%+'"' b'/+b(%%(0,bb,&((-!b'b,-+" !-b)-!Hb"+,-b2(.b'%23b2(.+b
+*."+&'-,b'b," 'b2(.+b_%+'"' Hb!'b2(.b."%b"-b'b-,-b"-Hb(),Nb--+b
'%23b-!b+,.%-,b'b+," 'bb"-Hb!'b2(.b'b-(b."%b"'bb0b!' ,b'b-,-b
 "'Hb
'b,(b"-b (,Hb

b
-"/b/%()&'-b",b&(+b(bb2%b-!'bb,-+" !-b)-!Hb -b",b"-+-"/Ib&)"+"%Ib'b
.&.%-"/Hb!-b",b"-b)+( +,,,b-!+(. !b+)-b2%,b(b",(/+2b'b.&.%-b
"&)+(/&'-,Hb((b/%()&'-b",b2%"%Ib.-b-!-b(,b'(-b&'b-!-b," '+,b+.'b
+(.'b"'b"+%,Hb!2b(%%(0bb",")%"'b/%()&'-b)+(,,b+)-%2Hb

!",b)+(,,b(',",-,b(b(.+b&"'b-"/"-",Hb"+,-b," '+,b'%23b-!b,"-.-"('Ib)+()(,b
b,(%.-"('Ib."%b"-Ib'b-!'b/%.-b-!b+,.%-,Hb!b+,.%-,b+b,%(&b)+-Ib,(b-!2b
'%23b "'Ib," 'b,(&b&(+Ib."%b,(&b&(+Ib'b,(b('b'b('Hb
-V,b%(($b-b0!-b!))',b"'b!b(b-!b)!,,Hb 'b-!b'%23b)!,Ib0!-b(b," '+,b
'%23Mb!2b'%23b',b(b-!b(+ '"3-"('Hb!2b'%23b%+'+,b0!(b0"%%b-$b-!b
(.+,Hb!2b%,(b'%23b)+"(+b--&)-,b-(b"'-"2b02,b-(b(b-!"' ,b--+b-!",b-"&Hb!b
+,.%-b(b-!b'%2,",b",bb (%b(+b-!",b2%b(b/%()&'-Hbb

b
 '$!$
-
(!$



(!$!$
"'$!$





b
'b-!b," 'b)!,Ib0b,)"2b(&)(''-,b(b-!b,(%.-"('Ib(+ '"3b-!,b(&)(''-,b
"'-(bb(!+'-b0!(%Ib'b!((,b'b-"/b,-+- 2Hb!b+,.%-b(b-!b," 'b",bb%+b
)%'b(b!(0b-(b&-b-!b (%Hb

'b-!b."%b)!,Ib0b/%()b&"b'b"'- +-b-!&b"'-(bb)+(-(-2)b-!-b0b'b
-,-Hbb

(!$!$
"'$!$

'b-!b/%.-"('b)!,Ib0b-,-b-!b)+(-(-2)b-(b"'-"2b02,b-(b"&)+(/b(.+b," 'Hb

(545C97>
2ED
4?
>?D
B5@51D

!b," 'b)+(,,b)+(,b"'bb2%b(b'%23Ib," 'Ib."%Ib'b/%.-Hb!b
/%.-"('b"'b('b2%b(&,b+,+!b(+b-!b'%2,",b"'b-!b'1-b2%Hb!.,Ib," 'b",b
b,+",a,(&-"&,bb,&"' %2b'%,,b,+",a(b","(',Hb!",b,,'-"%%2b2%"%b
," 'b)+(,,b(+$,+0,b%(' b+(&b!" !b%/%b-(b-"%b",,.,b0!"%b('-"'.%%2b
+/","-"' b-!b,&b+*."+&'-,b(/+b'b(/+b "'Hb

$?D
I?EB
C5AE5>D91<

@B?35CC

b2(.b+b&"%"+b0"-!b-!b
 bO
'%23Ib," 'Ib/%()Ib &)%&'-Ib'b/%.-Pb
)+(,,Ib2(.b&2b-!"'$b0b%-b(.-b('b(b-!b)!,,Hb(-b-+.Hbb#.,-b(',(%"-b
/%()b'b &)%&'-b"'-(b."%Hb0(b+,(',Jb'Ib,"'b_%+'"' b",b%"/+b(/+b
'-0(+$,Ib-!b"&)%&'--"('b",bb'-.+%b)+-b(b/%()&'-Hb
'b-0(Ib,"'b-!b
)+(,,b",b"-+-"/a,b())(,b-(b,*.'-"%a"&)%&'--"('b(,b'(-b% b/%()&'-b
.-b (,b('b-b-!b,&b-"&Hb

#1;5
CD514I
@B?7B5CC

!b," 'b)+(,,b"'/(%/,b-()_(0'b," 'b -b2b-,-"' b-b/+2b%/%b'b
-&)+b2bb0"%%"' ',,b-(b$b.)b'b,-+-b(/+b0!+b%%b(+Hb
-b-!b "''"' Ib
2(.b%b0"-!b!" !_%/%b",,.,b'b0(+$b0"-!bb+.b)+(-(-2)Ib)+!),b'(-!"' b&(+b
-!'bb,-$b(b,$-!,b('b"'1b+,Hb
-b-!b'b(b-!b)+(,,Ib2(.b+b"'_-.'"' b
"'"/".%b)"1%,b(b-!b"'%b_%+'"' Hb

b




(!$!$
"'$!$



'$!$
-
(!$


b

$
"%)$
K

)E==1BI

_%+'"' b.,,b(&).-+b'b'-0(+$b-!'(%( ",b-(b+-b%+'"' b1)+"',Hb
+"-",b(b_%+'"' b"'%.b,-'%('b(.+,,Ib%+'"' b &,b'b,"&.%-"(',Ib
&("%b%+'"' Ib,("%b%+'"' Ib'b/"+-.%_%,,+((&b(.+,,Hbb

!b/'- ,b(b_%+'"' b+b'(-b.-(&-"b'(+b+b-!b",/'- ,b"'/"-%Hb

((b," 'b&$,b%%b-!b"+'Hb," '"' b_%+'"' b+*."+,b&(+b-!'b-+"-"('%b
"',-+.-"('%b," 'Hbb
-+-b0"-!b%+b (%,b'b(#-"/,b,(b2(.b(b'(-b0,-b-"&b'b(+-b(+b#.,-b(+b(+b
",-+-b%+'+,Hb2,-&-"%%2b"'-"2b-!b)++*.","-,b(+b!b%+'"' b(#-"/b2(.b
&.,-b(&)%",!b'b"b!(0b%+'+,b0"%%b!"/b!b)++*.","-Hb)"2b-!b
%+'"' b-"/"-",b-(b(&)%",!b!b(#-"/Hb-+&"'b0!-b$'(0% b-!b%+'+b
&.,-b,(+Ib0!-b-!b%+'+b&.,-b(b0"-!b-!b$'(0% Ib'b!(0b-!b%+'+b0"%%b
(''-b-!b$'(0% b-(b0(+$b'b%"Hb '/,-b"'b ((b-,-,Hb,-,b0"%%bO9Pb-%%b2(.b!(0b
0%%b2(.+b," 'b",b0(+$"' IbO:Pb!%)b%+'+,b&('"-(+b-!"+b(0'b)+( +,,IbO;Pb,!(0b0!-b
('-'-b%+'+,b'b,$")b'b0!-b('-'-b2(.b'b(&"-Ib'bO<Pb&$b2(.+b(#-"/,b
+2,-%b%+Hbb
."%b2(.+b_%+'"' b.,"' b"-+-"/b2%,b(b'%2,",Ib," 'Ib."%"' Ib'b/%.-"' Hb
-+-b0"-!b" _)"-.+b",,.,b'b)+(b-(b%(0_%/%b-"%,Hb

?B
=?B5
K

!b+,-b(b-!",b(($b0"%%b ."b2(.b"'b++2"' b(.-b-!b,-),b,!(0'b"'b-!b(/+/"0b
)+(/"b"'b-!",b!)-+Hb(+b&(+b('b," '"' b%+'"' b-"/"-",Ib%")b-(b!)-+,b:Ib;Ib
'b<Hb(+b!%)b+-"' b-,-,Ib (b-(b!)-+b=Hb b2(.b0'-b-(b,-+-b," '"' b%+'"' b
(#-,Ib-.+'b-(b!)-+b>Hb
'Ib(',.%-b('%"'b!)-+b9:b-(b%+'b!(0b-(b," 'b%,,(',b
O!(+-('H(&^%^PHb(+b!" !+_%/%b," 'b",,.,b-"' b-!b(.+,b,bb0!(%Ib/"0b
('%"'b!)-+b9;b('b,-+- "b","(',bO!(+-('H(&^%^PHb

,b+b,b"',-+.-"('%b," 'b",b('+'Ib-!",b!)-+b0,b#.,-bb+"b,!-Hb(+b-!b
(&)%-b(($Ib)"$b.)b *!)"7(8 #()'*)$#!8(#82b"%%"&b b'b"'b
0',b(+b'#%!(8$8 #()'*)$#!8(#b2b(+-b '4Hb+Ib,+!b-!bb(+b
7!'##8#HW#()'*)$#!8(#62

b

H
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

2C?B2DI@5

13D9F9D95C

b

+,'--"(',Ib&(',-+-"(',Ib
,-(+",Ib'b"%b-+"),b
b

,(+b-"/"-",b"'(+&b'b"',)"+Hb
,(+b-"/"-",b'%b&(-"/-b%+'+,b-(b(-"'b
+."%Ib.)_-(_-b"'(+&-"('b-!2b'b-(b(b-!"+b#(,b(+b-(b.+-!+b-!"+b%+'"' Hb 'b

,(+b-"/"-",b%+'+,b+Ib%",-'Ib'b0-!Hb!,b-"/"-",b&2b,(.'b),,"/Ib.-b
-!2b'bb'b-"/b(&)(''-b(b%+'"' Hb

%+*
)%(
*,*)

b-!b-!+b-2),b(b-"/"-",bO
,(+Ib(Ib'b(''-PIb
,(+b-"/"-",b+b-!b(',b
%(,,-b-(b).+b"'(+&-"('Hb
,(+b-"/"-",b.,.%%2b(',",-b(b"'(+&-"('b'b-!b
-"(',b%+'+,b-$b-(b1-+-b'b(&)+!'b$'(0% b+(&b-!-b"'(+&-"('Hb 'b

,(+b-"/"-",Ib-!b%+'+b&2bb)!2,"%%2b),,"/b2-b&'-%%2b-"/a-"/%2b
)+"/"' Ib)+(,,"' Ib(',(%"-"' Ib(',"+"' Ib'b#. "' b-!b"'(+&-"('Hb

'b
,(+b-"/"-",Ib"-b",b-!b('-'-bO+%%2b-!b," '+b(+b-!+b(+b0+"-+b(b"-Pb-!-b",b"'b
('-+(%Hb!b%+'+b,(+,b,(&b(b-!b$'(0% b(+b2b-!b('-'-Hb

H
H




(%')-&
)!+!)!(



'$!$
-
(!$


b
?==?>
DI@5C
?6
2C?B2
13D9F9D95C

/+%b-2),b(b
,(+b-"/"-",b!/b,-%",!b-!&,%/,b"'b('/'-"('%b.-"('b
'b!/b&b-!b%)b-(b('%"'b%+'"' Hb!2b+Jb

,-(..#)(-b.+"' b0!"!b%+'+,b0-!b(+b%",-'b-(bb,%"b,!(0Ib&(',-+-"('Ib
)(,-Ib(+b,(&b(-!+b(+ '"3b1)%'-"('bO)Hb>APHb

#(!-b(+b0!"!b%+'+,b+b('%"'b(+b))+b(.&'-,bO)HbA;PHb

.),#-H3HH.",b"'b0!"!b%+'+,b%",-'b-(bb,-(+2b-(%b2b-!b-!+b(+b,(&b
(-!+b1)+-b(+b.-!(+"-2Hb!b,-(+2b",b+%/'-b-(b-!b,.#-b(b%+'"' bO)Hb98=PHbb

#&H.,#*-b(+b0!"!b%+'+,b/","-b&.,.&,Ib!",-(+"b,"-,Ib'b(-!+b)%,b-(b1&"'b
&'2b+%/'-b1&)%,bO)Hb99:PHb

-85>
D?
651DEB5
2C?B2
13D9F9D95C

!+b0(.%b0b+%2b!/"%2b('b
,(+b-"/"-",a'(-b-(b-!b1%.,"('b(b%%b(-!+,a.-b
(+b0!-b-!2b'b(+b,b)+-b(bb(&)%-b," 'Mb

.,b
,(+b-"/"-",b)+(/"b"'(+&-"('b""'-%2Ib-!2b+b"%b0!'b%+'+,b
'bb%"--%b"'(+&-"('Hb!2b+b,)"%%2b!%).%b0!'b#.,-b.)-"' b.++'-b
$'(0% Hb(+b1&)%Ib-!b%+'+b!,b.,b+,"('b>H8H:b(bb,(-0+b)$ b(+b
&('-!,b'b#.,-b',b-(b%+'b!(0b-(b)-b-(b+,"('b>H8H;Hb+Ibb%(' _,-'"' b
+ .%-"('b!,b.'+ ('bb,%" !-b+/","('Hb

,(+b-"/"-",b+b%,(b'b""'-b02b-(b1-'b.++'-b$'(0% b'b,$"%%,Hb
+'+,b0!(b.'+,-'b-!b.'&'-%,b(bb"%b'b"'+,b-!"+b$'(0% b2b
,(+"' b'0b-"%,b-!-b%(+-bb-!(+2Ib(')-Ib(+b)+"'")%Hb b%+'+,b!/b-!b
-+.'$b'b%"&,b(bb"%Ib-!2b'b,(+b+'!,b'b%/,Hb

"-"('%%2Ib
,(+b-"/"-",b+b ((b)+-'+,b-(b(-!+b$"',b(b-"/"-",Hb-'b-!2b
+b.,b-(b)+)+b%+'+,b(+bb(b-"/"-2Hb!b,(+b)+-b(b-!b)+-'+,!")b(+"'-,b
-!b%+'+Ib,-,b-!b('-1-Ib,-%",!,b/(.%+2Ib"'-+(.,b)+"'")%,Ib'b,.))%",b
"',-+.-"(',b'b(+b-!b%+'+b'b'  b"'bb!" !%2b"'-+-"/b(b-"/"-2Hb
"$0",Ib
,(+b-"/"-",b+bb ((b(%%(0_.)b-(b(b-"/"-",Hb(+b"',-'Ibb(b
-"/"-2Ib,.!b,bb%+'"' b &Ib&2b%b%+'+,b-(b",(/+b-!b&"'b)+"'")%,b(bb
,.#-b'b/($b.+"(,"-2b-(b%+'b&(+Hb
-+b-!b &Ib%+'+,b&2bb+2b-(b,(+b
-!b)+"'")%,b'b-!(+",b-!-b0"%%b!%)b"&)+(/b-!"+b &b,(+,Hb

,(+b-"/"-",b+b,-b(+b!" !%2b&(-"/-b%+'+,Hb!2b+b'(-b"'!+'-%2b
"'-+,-"' Hb(0/+Ib-!2b+b!" !%2b""'-b(+b"'"/".%,b0!(b'b(.,b-!"+b
--'-"('b'b+b&(-"/-b'(. !b-(b1)'b-!b(+-b-(b%+'b+(&bW&+b
"'(+&-"('HXb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

&()$**%$)

+,'--"(',b,.))%2b'b"'(+&-"('b"'bb%+Ib0%%_
(+ '"3Ib%( "%b,*.'Hb!2b+b'%( (.,b-(bb%,,+((&b


%-.+b(+b'b1)%'-"('b2b'b1)+-Hb

(%')-&
)!+!)!(

-.'-,b%+'b2b0-!"' b'b%",-'"' b-(b-!b)+,'--"('Hb
+,'--"(',b&2bb1)+"'b%"/b"'b'b('%"'b&-"' b(+b
&2bb)%2b$b+(&bb+(+"' Hb

2?ED
@B5C5>D1D9?>C

+,'--"(',b('/2b"'(+&-"('b'b&(',-+-b)+(.+,b'b!/"(+b"'bb
,-+" !-(+0+bO%"-+%%2Pb%(0b(b1)+"',Hb

-85>
D?
EC5
@B5C5>D1D9?>C

+,'--"(',b1)%"'b'b&(',-+-b-!"' ,b-(b%+'+,Hb!2b+b(&&('%2b.,b-(b
('/2b,"b"'(+&-"('Ib-(b&(',-+-b0%%_"'b)+(.+,Ib'b-(b&(%b!.&'b
!/"(+,Hbb
+,'--"(',b%%(0b-!b," '+b-(b('-+(%b-!b,*.'b(b%+'"' b1)+"',Hb,b
-!&b0!+b," '+,b+%%2b$b$'(0b-!b,-b02b-(b-!b+-"'b&-+"%Hb(&('b0!(b
!,b-. !-bb(.+,b(+b-'b2+,b&2b$'(0b-!-b+-"'b1)%'-"(',b0(+$b--+b-!'b
(-!+,b'b-!-b",b&.,-bb"'-+(.b"'bb)+-".%+b(++b-(b/("b('.,"('Hb

?G
@B5C5>D1D9?>C
G?B;

+,'--"(',b!/bb,*.'-"%b,-+.-.+Hb (,-b(-'b-!2b(',",-b(b'b"'-+(.-"('Ib-!b
(2b,-"('Ib'bb,.&&+2Hb!b,*.'b",b!(,'b-(b%+"2b-!b,.#-Hb%-"/%2b
.'"(+&b,"3b, &'-,b(.+b-bb+ .%+b)Hb
!+(. !(.-b-!",b(($b b.,b%"--%b" +&,bO,.!b,b-!b('b-!-b(%%(0,Pb-(b/",.%%2b
)-.+b-!b%(0b(b/+"(.,b-"/"-",Hb!b%"--%b,-"$b" .+,b,!(0b0!-b-!b%+'+b(+b
-!+b",b("' Ib'b-!b+-' %,b&(+b.%%2b,+"b-!b-2)b(b-"/"-2b"'b0!"!b-!2b
+b'  Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b

b

%-!(. !b)+,'--"(',b&2b%%(0b,(&b()-"('%b-()",Ib-!b)+"&+2b)-!02b",b%"'+a
0"-!b-!b," '+b('-+(%%"' b-!b(++b(b%+'"' b1)+"',Hb 'b+(+b)+,'--"(',Ib
%+'+,b'b('-+(%b-!b)b(b-!b)+,'--"('Hb
'b"'b%"/b)+,'--"(',Ib-!b%+'+b
&2b,$b,(&b*.,-"(',Ib.-b-!b)+,'-+b-+&"',b-!b(++Hb

*I@5C
?6
@B5C5>D1D9?>C

!b-2),b(b)+,'--"(',b-!-b+b)().%+b'b-"/b"'b-!b%,,+((&b+b)().%+b'b
-"/b('%"'Hb(.b&2b%,(b0'-b-(b&(%b2(.+b)+,'--"('b('b('b(b-!,b&"%"+b
(+&,Jb

&#H-")1-b+b,b('b'b-"/b.,"',,b(+b%,,+((&b,%"b,!(0Hb+.Ib&(,-b
,.!b)+,'--"(',b+b'(-b-"/Ib.-b-!2b(.%bHb
'b2(.+,b'bb-((Hb
b ((b
,%"b,!(0b&$,b!b)("'-b('bb,"' %b,%"Hb%",b"'%.b"'(+&-"/b +)!",b'b
#.,-b'(. !b-1-b-(b('/2b-!b&"'b)("'-Hb '2b.,b+(+b/("b-(b'++-b-!b
,%",bO)Hb?9PHb

"3-#&H')(-.,.#)(-b,!(0bb)+,('b)+(+&"' bb)!2,"%b)+(.+b,.!b,b
+)"+"' bb%$2b.-b(+b%("' bb-''",b%%Hb!2,"%b&(',-+-"(',b&2bb%"/b
(+b+(+b,b/"(bO)Hb?:PHb

) .1,H')(-.,.#)(-b+b'b(/+_-!_,!(.%+,b/"0b(b'b1)+-b)+(+&"' bb
(&)%1b)+(.+b0"-!bb(&).-+b)+( +&Hbb!+b-!b1)+-V,b0(+,b'b0-!b
,b-!b&(.,b%"$,b'b-2)"' b))+,bO)Hb?<PHb

( ),'.#)(&H #&'-Ib,.!b,b(.&'-+2b"%&,Ib!/b'b.,b-(b.-Ib"'(+&Ib
'b&(-"/-b)()%b,"'b-!b/%()&'-b(b"%&Hb
%-!(. !b'(0b-!bW"%&Xb",b" "-%b
/"(Ib-!b"'(+&-"('b('/2b.,,b&'2b(b-!b,&b"'&-"b-!'"*.,bO)Hb@8PHb

,'-b,!(0b)()%b"'bb"-"('%b,'Hb(.b&" !-b.,b+&,b-(b"%%.,-+-bb
,.,,.%b"'-+/"0b(+b+/%b-&b2'&",bO)Hb@9PHbb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

#-/--#)(-Ib,.!b,b"'-+/"0,Ib-,Ib'b)'%b)+,'--"(',Ib+b.,.%b(+b
+/%"' b"&)(+-'-b"'(+&-"('b'b()"'"(',bO)Hb@:PHb
b)()%b'b%+'b2b0-!"' b'b%",-'"' b-(b,(&-!"' Ib"-b'bb'b-"/b('%"'b
)+,'--"('Hb(+b)+,'--"(',b+Ib-!.,Ib,b/+"b,b," '+,b+b%/+Hb(.b'b
%-+b-!&b2b2(.+b!("b'b,*.'"' b(b-()",Ib2b.,b(b"+'-b&"Ib'b2b


02,b2(.b,!+b('-+(%b(/+b)"' b'b+'!"' b0"-!b-!b%+'+Hbb

(%')-&
)!+!)!(

)<945
C8?GC

%,,+((&b,%"b,!(0,b'bb('/+-b-(b('%"'Ib+(+b)+,'--"(',Hb!,b+b
.,.%%2bb,+",b(b%"'$b,%",b(+bb) ,b-!+(. !b0!"!b-!b%+'+b/',Ib
-2)"%%2b2b#$_!&&+"' bb2.b.--('b(+b!2)+%"'$Hb

!",b,%"b+(&b-!b&"%b(bb,%"b
)+,'--"('b(.-b0!2b%/,b
!' b(%(+b"'b-!b%%Ib1)%"',b-!b
)+(,,b(b)!(-(,2'-!,",Hb

'"&-"('b,!(0,b-!b,"b)!,,b
(b)!(-(,2'-!,",b'b",b
,2'!+('"3b0"-!b-!b-1-b'b
/("_(/+b'++-"('Hb
b
b
b
+-b"'b "+(,(-b(0+("'-b'b('/+-b(+b
b%"/+2b.,"' b")+"' b+,'-+Hb"0b
1&)%b-b!(+-('H(&^%^Hb

'%"'b,%"b,!(0,b&2bb+-b2b'++-"' bb%,,+((&b,%"b)+,'--"('b'b
('/+-"' b"-b-(bb&"Hb((%,b(+b("' b-!",b"'%.b
+-".%-b+,'-+b
O000H+-".%-H(&PIb
(b+,'-+bO000H(H(&PIb")+"' b+,'-+b
O000H",)+"' ,(%.-"(',H(&PIb'b &)-"b(+b(0+("'-bO000H"&)-"H(&PHb+Ib2(.b
'b+(+b'b('%"'b&-"' b.+"' b0!"!b2(.b)+,'-b,%",Hbb

.!b,*.',b'bb*."-b('",b'b +)!"%Ib,)"%%2b0!'b(&&'-+2b",b
)+(/"b2b/("_(/+b'++-"('Hb b,(.'b",b'(-bb)+-"%b()-"('Ib-!b(&&'-+2b'b
b)+(/"b"'b-1-a-+b"-"' b-(b+.b-!b&(.'-b(b-1-Ib(b(.+,Hb

%"b,!(0,b+%2b)+"&+"%2b('b-1-b'b +)!",b-(b-%%b-!"+b,-(+",Hb!2b&2b%,(b
"'(+)(+-b)(,-,Ib"'(+&-"('%b"%&,Ib+&,Ib&(',-+-"(',Ib'b(-!+b(+&,b(b
)+,'--"('Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
-85B5
D?
EC5
C<945
C8?GC

"'b+(+b)+,'--"(',b+b&.!b%"$bb('/'-"('%b,%"b,!(0Ib-!2b0(+$b0%%b
0!'b)+,'-"' b%( "%%2b(''-b",Ib,)"%%2b"b1)+,,b/",.%%2Hbb

!2b&2bb-!b,-b!("b('(&"%%2b'b-!'"%%2b0!'b2(.b!/b)+(/'b,%"b
)+,'--"(',b'b-!b-((%,b-(b*."$%2b('/+-b-!&b(+bb%"/+2Hb

5CD
@B13D935C
6?B
C<945
C8?GC


)''/(#.H0#-/&&3Hb $b +)!",b++2b-!b%(Hb('/+-b)+ +)!,b-(b)"-.+,Ib
-%,Ib'b%",-,Hb!+b2(.b'Ib+)%b0(+2b.%%-b%",-,b0"-!b"%%.,-+-"(',b(+b
" +&,Hb

,,.H&,&3Hb (/b1,,b-1-b-(b/("_(/+b'++-"('Hb $bb-+',+")-b/"%%b
2bb.--('b%"$b,(b'('b(b-!b-1-b",b%(,-Hb


(#'.H!,*"#-Hb,b&(-"('b'b-+',"-"(',b-(b-%%b-!b,-(+2Hb!(0b!(0b-!"' ,b&(/b
'b/(%/Hbb

/#&H/*H."H#-*&3b('b(#-b-bb-"&b-(b/("b(/+%("' b%+'+,b(+b+-"' bb
%.--+b",)%2Hb
b!b"-&b-b-!b-"&b0!'b"-b",b",.,,Hb!",b0"%%b(.,b
--'-"('b('b-!b"-&b'b('-+(%b!(0b%+'+,b)+"/b-!b"-&Hb

&8IC931<
45=?>CDB1D9?>C

'bb)!2,"%b&(',-+-"('Ib%+'+,b,bb)+,('b)+(+&"' bb)+(.+Ib,.!b,b
+)"+"' bb/"Ib$"$"' bb,(+b%%Ib(+b)+(+&"' bb'b&(/Hb!b&(',-+-"('b
,!(0,b-!b+" !-b(+b0+(' b02b-(b"'-+-b0"-!bb-!+_"&',"('%b(#-Hb.!b
&(',-+-"(',b+b%&(,-b%02,b('/2b,b/"(Hb

+b",bb)!2,"%b&(',-+-"('b
+(&bb(.+,b(.-b.,"' b
!",-( +&,Hb -b,!(0,b!(0b-(b/"0b
-!b!",-( +&b(bb)!(-( +)!b#.,-b
-$'Ib/%.-b-!b!",-( +&Ib&$b
#.,-&'-,b-(b"&)+(/b-!b
)!(-( +)!Ib'b-!'b+_-$b-!b
)!(-( +)!Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
-85B5
D?
EC5
@8IC931<
45=?>CDB1D9?>C

,bb)!2,"%b&(',-+-"('b-(b"'-+(.bb)!2,"%b-,$b2(.b+b-!"' b%+'+,b-(b
)+(+&Hb!",b(.%bbb-,$b-!2b)+(+&b,b)+-b(b-!"+b0(+$Ib,.!b,b%"-"' b!/2b
)$ ,Hb+Ib"-b(.%bbb&(/&'-b-!2b&$b"'b'Ib-!%-",Ib(+b)+(+&"' b+-,Hb
!2,"%b&(',-+-"(',b'b%,(bb.,b-(b&(%b!.&'b!/"(+Ib,.!b,b!(0b-(b +-b

(%')-&
)!+!)!(

.,"',,b,,("-,b(b"+'-b.%-.+,Hb.!b&(',-+-"(',b&2b"'/(%/b ,-.+,Ib(2b
%' . Ib"%b1)+,,"(',Ib'b-('b(b/("Hbb

5CD
@B13D935C
6?B
@8IC931<
45=?>CDB1D9?>C


,0#1H."H.#)(Hb-+-b0"-!b'b,-%",!"' b,!(-b,!(0"' b-!b%(-"('b(b-!b-"('Hb
'-+(.b-!b-(+Hb--b-!b).+)(,b(b-!b&(',-+-"('Hb

-H&)-G/*-H.)H-")1H#(#0#/&H.#)(-Hb.,b-!b/"(b&2b!/b-(b))+b"'bb
,&%%b0"'(0Ib(b'(-b0,-b)"1%,Hb

)0H-'))."&3H(H-&)1&3Hb!b/"(b&2bb)%2b-bb%(0+b+&b+-b-!'b
('/'-"('%b-%/","('Ib,(b-"(',b&2b))+b#+$2Hb
'b,-b&(-"(',b&2bb&",,b
%-( -!+Hb(+b,-),b-!-b&.,-bb)+(+&b*."$%2Ib,!(0b-!b"'"/".%b,-),b,%(0%2b
'b-!'b(&"'b-!&b-b'(+&%b,)Hb

*H."H')(-.,.#)(H-"),.Hb!(0bb,"' %b-"('b(+b)!,b(bb-,$Hb b2(.b!/b-(b
-!bb(&)%1b-,$Ib"/"b"-b"'-(b"-,b(&)(''-b-"(',Hb!b-!&Ib'b-!'b-!b
!(0b-(b(&"'b-!b-"(',Hb

.H&,(,-H)(.,)&H."H')(-.,.#)(Hb(+b+(+b&(',-+-"(',Ib "/b%+'+,b
)%2$b.--(',b-(b%-b-!&b+_,-+-b-!b&(Ib,-b(+0+b"-Ib)%2b"-b$0+,Ib'b
)%2b"-b"'b,%(0b&(-"('Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
)?6DG1B5
45=?>CDB1D9?>C

(-0+b&(',-+-"(',b(b%-b!/b(&bb- (+2b"'b-!"+b(0'b+" !-Hb
b,(-0+b
&(',-+-"('Ib(+b($,7"b-"/"-2Ib%-,b%+'+,b0-!bb%+b,*.'b(b-"(',Hb!,b
-"(',b+b1)%"'b2b(&&'-+2b)+(/"b,b",)%2b-1-Ib,)($'b'++-"('Ib(+b
(-!Hb(-0+b&(',-+-"(',b'bb)+(+&b%"/b"'b'b('%"'b&-"' b(+b+(+b(+b
)%2$b2b%+'+,Hb

&(',-+-"(',b+b ((b(+b!(0_-(b
)+(.+,b%"$b-!b('b,!(0'b"'b-!",b
1&)%a+-"' bb,2,-&b-b,(.+b
'&Hbb
b
b
b
b
b
b
b
b
b
."%-b"'b
(b)-"/-Hb"0b1&)%b-b
b !(+-('H(&^%^Hb

(-0+b&(',-+-"(',b+b'(-b-!b,&b,b,(-0+b,"&.%-"(',bO)Hb;;=PHb 'b
"$#()')$#(Ib-!b%+'+b0-!,b'b%",-',b,b,(&('b%,b()+-,b-!b,(-0+Hb 'b
,(-0+b("*!)$#(Ib-!b%+'+b)+(+&,b-!b()+-"(',Hb

(.b'b+-bb,(-0+b&(',-+-"('b2b,-+-"' bb+(+"' b)+( +&Ib)+(+&"' b-!b

&(',-+-"('Ib'b"-"' b-!b+(+"' Hb.!b+(+"' ,b)-.+b-!b&(-"(',b'b%"$,b
(b-!b%+'+V,b&(.,Ib-1-b'-+b+(&b-!b$2(+Ib'b(-!+b-"(',b/","%b('b-!b
,+'Hb!2b+(+b-!",b-"('b-(bb(+&-b-!-b'bb"-b'b-!'b('/+-b(+bb
%"/+2Hb&-,"bO000H-!,&"-!H(&Pb'b)-"/-bO000H(H(&Pb+bb(.)%b
(b)().%+b-((%,b(+b+-"' b,(-0+b&(',-+-"(',Hb

(-0+b&(',-+-"(',b+b+*.'-%2b.,b"'b,-'%('b_%+'"' Hb(0/+Ib(b'(-b
(+ -b-(b&$b.,b(b%"/b&(',-+-"(',b"'b('%"'b%,,b&-"' ,Ib,b,!(0'b"'b-!b'1-b
1&)%Jb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

+Ib-!b-!+b",.,,,b!(0b-(b
%.%-b%(,-b())(+-.'"-2b(,-,Hb-!+b
-!'b,"&)%2b,!(0bb,--"b,)+,!-b
'b-%%b%+'+,b!(0b-(b++"/b-b-!b
/%.,b,!(0'Ib-!b-!+b&(',-+-,b


!(0b-!b,)+,!-b0(+$,b2b,!+"' b

(%')-&
)!+!)!(

-!b1%b))%"-"('Hb!b%+'+b,,b
-!b,)+,!-b#.,-b,b"-b))+,b('b-!b
-!+V,b(&).-+Hb
b
b
b
b
b
"+(,(-b1%b0"'(0b,!+b.,"' bb
%%.&"'-Hb

,b%+'+,b0-!b-!b-!+b('.-b-!b&(Ib-!2b1)+"'b'b
,(+b-"/"-2Hb!b
-!+b&2b-!'b%%b('bb,-.'-b-(b)+(+&bb,"&"%+b)+(.+Hb(+b-!-b,-.'-Ib"-b",b
'(0bb(b-"/"-2Hb(+b-!b(-!+b,-.'-,b0-!"' Ib!(0/+Ib"-b",b,-"%%b'b
,(+b-"/"-2Hb

-85B5
D?
EC5
C?6DG1B5
45=?>CDB1D9?>C

,b,(-0+b&(',-+-"(',b-(b"'-+(.b(&).-+b)+(.+,Hb!2b+b-"/b"'b
"'-+(."' b-!b'/" -"('b,!&b(bbb,"-Ib%+'"' b)(+-%Ib(+b(-!+b%-+('"b
(.&'-b-(b'0b%+'+,Hb(-0+b&(',-+-"(',b+bb ((b"+,-b,-)b"'b-!"' b
)()%b-(b.,b'b.'&"%"+b-.+b"'bb(&).-+b)+( +&Hbb

(-0+b&(',-+-"(',b+b,%(&b,.""'-b2b-!&,%/,b-(b-!b,(%.-b'(/",b-(b
.,b-!b,(-0+Ib.-b-!2b'b)+)+b-!b'(/"b(+bb,(-0+b,"&.%-"('bO)Hb;;=Pb.+"' b
0!"!b-!b'(/"b--&)-,b-(b)+(+&b-!b)+(.+b&(',-+-Hb(+b1)+"'b
%+'+,Ib-!b&(b&2bb*.-b-(b-!bb'0b)+(.+Ib,)"%%2b"b-!b%+'+,b
(%%(0b%(' b"'b-!b-.%b)+( +&Hb

!",b%$b(b"'-+-"/"-2b",b-!b,-+' -!b'b0$',,b(bb&(',-+-"('a"-b+*."+,b
%"--%b,$"%%b(+b&(-"/-"('b('b-!b)+-b(b-!b%+'+Hb +'+,b0!(b'b)%2bb(..b
/"(b'b0-!bb&(',-+-"('Hbb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
)35>1B9?
45=?>CDB1D9?>C

/+%b-2),b(+b '+,b(b,(-0+b&(',-+-"(',b+b)(,,"%Hb'b)().%+b-2)b,!(0,b
b,'+"(b"'/(%/"' b.,b(bb)+( +&b-(b(&)%",!bb)+-".%+b)"b(b0(+$Hbb

!",b1&)%b,-+-,b0"-!b
-!b (%b(b"' bb
!2)+%"'$b-(b'b(#-b('bb
(0+("'-b,%"b,(b-!-b
-!b)+,'-+b'b%"$b-!b
!(-,)(-b-(b",)%2b'b
"-"('%b +)!"Hb

b
b
b
b
b
."%-b"'b
(b)-"/-Hb"0b
1&)%b-b!(+-('H(&^%^Hb
b

,bb,'+"(b&(',-+-"('b-(b,!(0bb)+-"%b+,.%-b-!b%+'+b'b!"/b0"-!b-!b
,(-0+Hb"$b'b1&)%b-!-b",b+%",-"b'b&'"' .%Hb
b,'+"(b'b%,(bb.,b-(b
&(-"/-b.+-!+b%+'"' Hb -b)+)+,b-!b%+'+b-(b'  b"'bb(!_&b,"&.%-"('b
O)Hb;@>PHbb

++-b-!b,'+"(b&(',-+-"('b"'b-!b"+,-b(+b-!"+b)+,('b-(b&$b%+b-!-b-!b
%+'+b",b0-!"' b,(&('b%,b)+(+&b-!b-,$Hb!b"+,-_)+,('b'++-"('b&" !-b,2Jb
W+V,b!(0b b)+(+&b-!b-,$HXb!b-!"+_)+,('b'++-"('b0(.%b,2b,(&-!"' b%"$Jb
W+V,b!(0b'b1)+"'b.,+b&" !-b)+(+&b-!b-,$HXb 'bb,'+"(b&(',-+-"('Ib
-%%b%+'+,b0!-b-!2b+b,"' b+-!+b-!'b!(0b-!2b+b-(b(b"-Hbb

+C5B9>D5B6135
D?EBC


!b.,+_"'-+b-(.+b",bb&(',-+-"('b-!-b"'-+(.,b.,+,b-(b)+-,b(b-!b,+'b-!2b
0"%%b'b-(b"'-+-b0"-!b-(b()+-bb(&).-+b)+( +&Hbb!b.,+_"'-+b-(.+b!%),b
(+"'-b'b'-"b%+'+,Hb -b',0+V,b*.,-"(',b,.!b,Jbbb

!-V,b-!+Mb

!-b'b-!b)+( +&b(Mb

!-b(b-!,b"(',b&'Mb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
!",b1&)%b)("'-,b(.-b-!b&"'b+,b(b
b-"&+b))%"-"('b'b)+(/",b
'+(.,b(&&'-+2b(.-b-!&Hb
b
b

(%')-&
)!+!)!(

b

b
b
b
b
."%-b"'b
(b)-"/-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

!b.,+_"'-+b-(.+b(/+,b-!b&"'b+,b(b-!b"'-+b'b,!(0,b-.+,b+."%b-(b
"-,b.,Hb -b)+(/",bb%+b(/+/"0b(b-!b"'-+b0"-!(.-b1,,"/b)+-".%+,Hb!b
,.,,.%b.,+_"'-+b-(.+b/(",b)+(/""' b-((b&.!b-"%b-((b,(('Hb -b&2Ib!(0/+Ib
(+b%"'$,b-(b&(',-+-"(',b(b,)""b-.+,Hb!-b02Ib%+'+,b'b!((,b!(0b
&.!b-"%b-(b,Hb

51DEB5
45=?>CDB1D9?>C



'(-!+b/+2b(&&('b-2)b(b,(-0+b&(',-+-"('b",b-!b-.+b&(',-+-"('Hb -b
,!(0,b'b"&)(+-'-b)+-b(bb(&).-+b)+( +&Ib,.!b,bb(&)%1b(&&'b(+bb
/%.%b)"%"-2Hb
!",b1&)%b&(',-+-,b-!b
)"%"-2b0"-!"'b-!b(.'-(0'b-"&+b-(b
b'&,b(b)()%b-(bb%",-Ib'b!/bb
+'(&b'&b",)%2b-b-!b'b(b-!b
(.'-(0'Hb
b
b
b
b
b
b
b
."%-b"'b
(b)-"/-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
,b-.+b&(',-+-"(',b-(b,!(0bb,"&)%b02b-(b.,b'b"'"/".%b)"%"-2b(bb
(&).-+b)+( +&Ib-(b)+(+&bb-,$b-!-b&'2b.,+,b)+(+&b+*.'-%2Ib-(b(''-+-b
('bb,"' %b(&&'b(+b-((%Ib(+b-(b1)%"'b'b"'"/".%b"%( b(1b0!+b-!b%+'+b
&2b'b-(b-$b,/+%b-"(',Hb

.,b-!b-.+b&(',-+-"('b)+(/",b-"%,b('b,)""b)+-,b(bb)+( +&Ib"-b",bb
((b(&)%&'-b-(b-!b.,+_"'-+b-(.+Ib0!"!b)+(/",b'b(/+/"0Hb

#1;5
C?6DG1B5
45=?>CDB1D9?>C
6<?G
C=??D8<I

!-b+b-!b!.&'b1)+"',b"'b-"/b,!(0_&b&(',-+-"(',Mb(&b)--+',b
'b,*.',b!/b)+(/'b-!&,%/,Hb

'b)--+'b,-+-,b0"-!b-!b%+'+b+"' bb,+")-"('b(b0!-b0"%%bb,!(0'Hb1-b-!b
%+'+b0-!,b-!b,+"b-"('b"' b)+(+&b'b-b-!b,&b-"&b%",-',b-(bb
'++-"('b,+""' b-!b-"('Hb!'b-!b&(',-+-"('b0"-,b(+b-!b%+'+b-(b%"$b1-b
-(b (b-(b-!b'1-b,-)b"'b-!b)+(.+Ib%"$b)%2b-(b0-!b'b%",-'b "'Ib(+b%"$b
+/"(.,b-(b/"0b-!b'-"+b,-)b0"-!b,+")-"('b "'Hb!",b)--+'b0(+$,b.,b"-b
+$,b-!b-,$b"'-(bb,*.'b(b,-),b-!-b%-+'-b-0'b+"' b'b%",-'"' b'b
0-!"' Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
(&b/+"-"(',b+b(&&('b(+b-!",b)--+'Hb(+b,"&)%b-,$,Ib0!+b-!+b",b%"--%b+",$b
-!b%+'+b0"%%b&",.'+,-'bb,-)Ib0b(-'b/'b-(b-!b'1-b,-)b0"-!(.-b+*."+"' b
-!b%+'+b-(b%"$bb.--('Hb 'b-!",b,Ib&$b,.+b-!b%+'+b'b%"$bb.,b.--('b-(b
,-()b-!b)%2$Hb

-b",b%,(b(&&('b-(b(&"-b-!b,-)b(b+"' b-!b,+")-"('Hb b2(.b(b,(Ib&$b,.+b

-!(,b0!(b''(-b!+b-!b/("b'b,-"%%b -b-!b"'(+&-"('b)+(/"b2b-!b-1-Ib

(%')-&
)!+!)!(

)+!),b2b",)%2"' b'b()-"('%b-+',+")-b(b-!b/("Hb

'(-!+b,.,,.%b/+"-"('b(+b,!(0_&b&(',-+-"(',b "',b0"-!b-!b%+'+b+"' b
O'b)+!),b%",-'"' b-(Pb-!b,+")-"('Hb!'Ib-!b%+'+b0-!,b-!b-"('b"' b
)+(+&bO0"-!(.-b'2b'++-"('Pb(+b%"$"' bb1-b.--('b-(b "'b-!b2%b(+b-!b
'1-b,-)b"'b-!b-,$Hb!",b)--+'b)+/"0,b-!b-"('b"'b-1-b'b/("b'b-!'b%-,b-!b
%+'+b(''-+-b('b0-!"' b-!b-"('Hb -b0(+$,b,-b"b-!b-1-b,+")-"('b'b+&"'b
",)%2b.+"' b'b-+b-!b&(',-+-"('b,!(0,b-!b-"('Hb!-b02b-!b%+'+b'b
++b$b-(b-!b,+")-"('b-+b0-!"' b"-b"' b)+(+&Hb

5CD
@B13D935C
6?B
C?6DG1B5
45=?>CDB1D9?>C


(.,)/H."H')(-.,.#)(Hb
-b-!b "''"' b-%%b%+'+,b0!-b-!2b0"%%b "'Ib0!-b
,(-0+b",b"'/(%/Ib'b0!-b-!b&(',-+-"('b0"%%b(/+Hb
b0b0(+,b(b-1-b'b
b,'-'b(+b-0(b(b'++-"('b+b.,.%%2b,.""'-Hb

*H')(-.,.#)(-H-#'*&H(H.)H."H*)#(.Hb 'b!b&(',-+-"('Ib"%%.,-+-b#.,-b
('b02b-(b)+(+&b('b-,$Hb(b'(-b%.--+b-!b&(',-+-"('b0"-!b-((b&'2b
%-+'-"/,Ib,!(+-.-,Ib'b1)-"(',Hbb

%H&,H."#-H#-HH')(-.,.#)(<HHH-#'/&.#)(Hb b2(.b,2IbW%"$b-!b b
.--('IXb,(&b(b2(.+b%+'+,b0"%%b-+2b-(b(b,(Hb%%b%+'+,b#.,-b-(b0-!Hbb

)&&)1H."H')(-.,.#)(H1#."HH-#'/&.#)(Hb
-+b,!(0"' b%+'+,b!(0b-(b)+(+&b
-!b)+(.+Ib%-b-!&b)+-"b"-b"'bb,"&.%-"('bO)Hb;;=PHb

(0#.H&,(,-H.)H )&&)1H&)(!Hb b-!b)+(.+b",b'(-b' +(.,Ib"'/"-b%+'+,b-(b
,-+-b.)b-!b,(-0+b'b-+2b-(b(%%(0b%(' Hb&"'b%+'+,b-(b).,b-!b
)+,'--"('b0!'b"-b",b-"&b(+b-!&b-(b--&)-bb,-)b(+b-0(Hb

,)0#HH&)1G(1#."H&.,(.#0Hb b-!b/"(_0"-!_/("b(+&-b(b2(.+b&(b",b
-((b%+ b(+b%%b%+'+,Ib)+(/"b'b%-+'-"/b/+,"('b0"-!b,--"b)"-.+,b'bb
-+',+")-b(b-!b'++-"('Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
>6?B=1D9?>1<
69<=C

"'b-!b"'/'-"('b(b&(-"('b)"-.+,Ib-!b(.&'-+2b"%&b!,b)+,'-b-.%b
"'(+&-"('b"'bb/",.%b'++-"/Hb 'b-!b('-1-b(b_%+'"' Ib-!b-!'(%( 2b(b"%&b!,b
'b+)%b0"-!b" "-%b/"(Hb

!",b1&)%b(bb(.&'-+2b
"%&b,!(0,b-!b-+&-!b(b-!b
9A8>b'b+'",(b+-!*.$Hb
!b"%&b2b-!b!(&,b",('b
(&)'2b,!(0,bb)'(+&b
+(&b-!b,-b,"b(b<-!b-+-b
'+b-(&Ib#.,-b,(.-!b(b
+$-Hb!",b",b#.,-b('b1&)%b
(b&'2b,.!b!",-(+"%b"%&,b
/"%%b+(&b-!bHHb "++2b
(b(' +,,bO&&(+2H%(H (/PHb

-b",b+b2('b-!b,()b(b-!",b(($b-(b-%%b2(.b!(0b-(b," 'Ib.-!(+Ib"+-Ib'b
)+(.b,.!b"%&,Hb(+bb,-+-"' b)("'-Ib)"$b.)b$""*#)#8 (8,)8!"38$38#8
*!)"48
8')!8*8)$8 #$'")$#8 $)$#7 b2b +-2b!%-('Hb

-85B5
D?
EC5
9>6?B=1D9?>1<
69<=C

,b-!b"'(+&-"('%b"%&b-(b1)%"'bb,.#-b"'bb"'"-b%( "%b(++Ib,)"%%2b0!+b
-!b,.#-b",b/",.%b.-b&2bb"".%-b(+b-!b%+'+b-(b"& "'Hb

,b"-b-(b)+,'-bb%( "%b'++-"/b(+b0!"!b-!b(++b(b"& ,b'b1)+"',b",b

"&)(+-'-Ib(+b1&)%b-(b('/2b.,_'_-b+%-"(',!"),b(+b-(b(%%(0bb
!+('(%( "%b,*.'Hb(.b&" !-b.,b"-b-(b,!(0b-!b!"'b(b",(/+",b-!-b%b-(bb
)+-".%+b"'/'-"('b(+b-(b0%$bb!&"%b' "'+b-!+(. !b-!b)+(,,,b'b)")%"',b(b
b+"'+2Hb,b"-b0!'b-!b&(-"('b(b-!+_"&',"('%b(#-,b",b,)"%%2b"&)(+-'-Ib
,.!b,b0!'b1)%"'"' b!(0b"+,b%2b(+b",!b,0"&Hb
+-"' b'b"'(+&-"('%b"%&b+(&b,+-!b",b(&)%1b'b1)',"/Ib,(b2(.b&2b0'-b
-(b+,+/b-!",b(+&b(+b+"-"%Ib!" !_. -b)+(#-,Hb+Ib2(.b&2b0'-b-(b+.,b'b
1",-"' b(.&'-+2b"%&Hbb

5CD
@B13D935C
6?B
9>6?B=1D9?>1<
69<=C


),,)1H# H3)/H(Hb," '"' Ib.-!(+"' Ib,!((-"' Ib"-"' Ib'b).%",!"' bb
(.&'-+2b"%&b",b1)',"/b'bb%(-b(b0(+$HbO b$'(0b"+,-_!'Hb b0+(-b'b
"-bb,!(+-b(.&'-+2b%%b!)(8$8#)(.b(.-b.%-+_%" !-b"+)%',b'b-!b

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
"'-+,-"' b)()%b0!(b%2b-!&HPb b)(,,"%Ib+_.,b'b1",-"' b(.&'-+2b"%&Hb
.))%&'-b"-b0"-!b&-+"%,b-(b)-b"-b-(b2(.+b).+)(,,Hb(.b&2b'b-(b)+(/"bb
($"' b&(.%bO)Hb;9=Pb-(b"'-+(.b-!b"%&b-(b2(.+b%+'+,Hb

.H*,'#--#)(;b(+b2(.b).%",!b_%+'"' b0"-!b,(&('b%,V,b/"(b"'b"-Ib&$b
,.+b2(.b!/b)+&",,"('b"'b0+"-"' Hb



-#!(H ),H."H-'&&H-,(;b(b+.b(0'%(b-"&,b'b-(b&$b-!b/"(b)%2b

(%')-&
)!+!)!(

,&((-!%2Ib$)b-!b/"(b0"'(0b,&%%Hb(b&$b-!"' ,b%+b"'b,.!bb,&%%b0"'(0Ib
%02,b,-+-b0"-!b'b,-%",!"' b,!(-b-(b "/b'b(/+/"0b'b-!'b)+(b-!+(. !bb
,+",b(b%(,_.),b-!-b+/%b-"%,Hb+"("%%2b3((&b$b-(b+_,-%",!b-!b
%(-"('Hb

1,H."H(1#."H')(-.,;b((b"'(+&-"('%b"%&,b-.+b&(-"('b'b)+,'-b
"'-+,-"' b-"%,a#.,-b-!b$"'b(b/"(b-!-b",b!+b-(b(&)+,,Hb(b-+2b,/+%b
(&)+,,"('b,!&,b-(b"'b-!b,-b(+b2(.+b&-+"%Hb+b,/+%b/+,"(',b,(b
%+'+,b'b)"$b('b))+()+"-b(+b-!"+b(''-"('b,)Hb(+b-!(,b0"-!b,%(0b
(''-"(',Ib)+(/"bb,*.'b(b,-"%%b)"-.+,b(&)'"b2b-!b-1-b(b-!b
'++-"('b(+b"%( Hb

B1=1C

'bb+&Ib%+'+,b0-!bb"-"('%b,'b&(' b)()%Ib(+b1&)%b-(b"%%.,-+-bb
,.,,.%b"'-+/"0b(+b+/%b-&b2'&",Hb+&,b'bb('/2b"'b/"(Ibb
(&"'-"('b(b,-"%%b)"-.+,b'b/("Ib(+b2b#.,-b/("b%('Hb
b+&b",b-!b"-"('%b
(.'-+)+-b-(b-!b"'(+&-"('%b"%&Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
!",b1&)%b2b%(%b(&)%"'bO000H %(%(&)%"'H(&Pb+(&bb(.+,b('b
)+/'-"' b0(+$)%b/"(%'b,!(0,bb)!2,"%b('+('--"('b-0'b-0(b&)%(2,b,b
0"-',,b2bb),,"/b-!"+b&)%(2Hb -b&(',-+-,b!(0b.%%2"' b'b"'-"&"-"('b
-$b)%b"'b-!b0(+$)%Hb

-85B5
D?
EC5
4B1=1C

+&,b+b ((b-(b"%%.,-+-b,"+%b'b.',"+%b!.&'b!/"(+,b'b,-2%,b(b
"'-+-"('Hb b!/b.,b-!&b(+b-!"' b%0.%b!"+"' Ib-!"%b!/"(+Ib'b
"'-+/"0"' b,$"%%,Hb+&,b'b%,(bb.,b-(b+_'-b!",-(+"b/'-,Ib,.!b,b,"'-""b
",(/+",b(+b)(%"-"%b",.,,"(',Hb+&,b&2bb.,.%b-(b)+)+b%+'+,b(+b&.%-"_
)+,('b+(%_)%2"' b-"/"-",b'b,"&.%-"(',Hb

5CD
@B13D935C
6?B
4B1=1C


,#.H,#&H#&)!Hb!b02b)()%b,)$b"'b,.,,.%b&(/",b'b-%/","('b,+",b
",b*."-b"+'-b+(&b-!b02b)()%b-%$b"'b-!b+%b0(+%b'b/'b&(+b"+'-b
+(&b-!b02b)()%b0+"-Hb
"&b(+b"%( b-!-b",b+"%b'b%+Hb"+bb ((b
"-"('b0+"-+Hb
-b%,-b+b2(.+b"%( b%(.b'b+/",Ib+/",Ib+/",b.'-"%b"-b,(.',b
+" !-Hb

#,H!))H.),-Hb+."-b)%2+,b0!(b'b).-b&(-"('b"'-(b-!"+b/(",b'b0!(,b
(2b%' . b'b ,-.+,b+"'(+b0!-b-!2b+b,2"' Hb b2(.b''(-b(+b
)+(,,"('%b-(+,Ib.,b,-"%%b)!(-(,Hb(,b2(.+b)%2+,b+.%%2b(+b2(.b,')b-!b
,!.--+Hb

)(B.H ),!.H."H,'Hb b-!b,*.'b",b-(-%%2b)+"-%Ib-!+b",b'(b+&a'b
!'b'(b.+"(,"-2Hb )b-!b%+'+b0('+"' b!(0b-!"' ,b0"%%b0(+$b(.-Hb
/("b
,-+(-2)"%b!+-+,b'b,"-.-"(',Hb

&&HH-.),3Hb!'b0b,b)()%b"'-+-"' Ib0b1)-bb,-(+2b0"-!b'b"'-+(.-"('b(b
!+-+,Ibb+",",Ib'bb+,(%.-"('b(+b ((b(+b"%%Hb!b,-(+2b'bb-!-b,"&)%Hbb

9C3ECC9?>
@B5C5>D1D9?>C

b0-!b/'-,b0!+"'b)()%b"'-+-Ib'b0b%+'b+(&b0!-b-!2b,2b'b(Hb!b
"'-+)%2b&(' b!.&'b"' ,b",b"'!+'-%2b"'-+,-"' b'b)+(/",bb'-.+%b
('-+"/'b(+b+/%"' b"&)(+-'-b"'(+&-"('b'b()"'"(',Hb()%b'bb,!(0'b
"'-+-"' b,b)+-b(bb%"/b('%"'b&-"' b(+b-!2b'bb+(+b"'-+-"' b,(b%+'+,b
'b)%2b$b-!b+(+"' Hb (,-b,.!b/'-,b+b,!(0'b"'b/"(Ib.-b."(b+(+"' ,b(b
",.,,"(',b+b,(&-"&,b.,.%b,b0%%Hbb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

!",b1&)%Ib+(&b-!bHHb
"++2b(b(' +,,Ib,!(0,b'b
"'-+/"0b(bb+-"+b-(+2b
0(+$+b(.-b0(+$"' b('"-"(',b
'b)+(.+,Hb

(%')-&
)!+!)!(

(b,b&(+b1&)%,b(b",.,,"('_-2)b)+,'--"(',Ib,+!b-!bb(+b-!,b0(+,Jb
%#!8(*(($#8+$Hbb

-85B5
D?
EC5
49C3ECC9?>
@B5C5>D1D9?>C

,b",.,,"(',b0!'bb,)!b0(.%bb-((b(+"' b(+b&" !-b!%%' b-!b%+'+V,b
()"'"(',b-((b"+-%2Hb '2b0(.%b+-!+b0-!bb-b'b&$b.)b-!"+b(0'b&"',b
-!'b-(b%",-'b-(b'b1)+-b,--b'b()"'"('Hb

'b(b-!b,-b+,(',b-(b.,b-!",b(+&b",b-!-b"-b!%),b%""-b/%.%b"'(+&-"('b'b
()"'"(',b+(&b1)+-,b"'bb(+&b-!-b%+'+,b"'b"'-+,-"' Hb 'bb,)!Ib-!b1)+-b
+(',b('b"'bb'+/(.,b&('(-('Kb"'b'b"'-+/"0Ib-!b1)+-b'-!.,",-"%%2b+,)(',b-(b
+"'%2b)+(/(-"('b+(&b-!b"'-+/"0+Hb

?B=C
?6
49C3ECC9?>
@B5C5>D1D9?>C

+b+b#.,-bb0b(+&,b0!+b)()%b"'-+-b"'b02,b-!-b+/%b",Ib()"'"(',Ib'b
"'(+&-"('Jb

0,b"'-+/"0,Hb

%$_,!(0b"'-+/"0,Hb

-,Hb

'%b",.,,"(',Hb

($b-+"%,Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
5CD
@B13D935C
6?B
49C3ECC9?>
@B5C5>D1D9?>C


),H."H#(.,.#)(H1#."H'/&.#*&H',-;H!'b2(.b'b.-b+(&b)+,('b-(b
)+,('b0"-!(.-b!/"' b-(b,0",!b$b'b(+-!b+(,,b-!b,'Ib&$"' b/"0+,b
,,"$Hb

#!".H."H-(H1&&Hb,b*.-b%" !-"' b'b$)b-!b%" !-"' b/'b-!+(. !(.-b-!b
,'bO%-b%" !-"' Pb,b",b('b(+b&(,-bb"'-+/"0b,!(0,Hb

-H&)-G/*-H) H*)*&Hb-b"'b%(,b'(. !b,(b-!-b-!b%+'+b'b,b-!b&(-"(',b
(b-!b,)$+b,b"%%.,-+-b"'b ,-.+,b'b"%b1)+,,"(',Hb

)(B.H/-H#.H# H#.H)-H().H1),%Hb(&-"&,b",.,,"(',b (b%-Hb'%",-,b'b#.,-b,2Ib
W b +HXb-,b'b1)(,b-((b&.!b+'(+b'b'(-b'(. !b"'(+&-"('Hb b2(.+b
/'-b%(),Ib-!+(0b02b-!b+(+"' b'b)+-'b"-b'/+b!))'Hb

%H,H1#."H),,)1H*,-(..#)(-Hb(b,!(0bb",.,,"('Ib2(.b&2b'b% %b
)+&",,"('b+(&b%%b-!b"'"/".%b)+-"")'-,Hb
'b,.!b)+,'--"(',b!/bb
+%-"/%2b,!(+-b%"b('b-!bHb(Ib2(.b0"%%b'b-(b(-"'bb()2b'b&$b"-b
/"%%b-(b2(.+b%+'+,Hb

5CD
@B13D935C
6?B
@B5C5>D1D9?>C

(0b!+b+b,(&b,. ,-"(',b(+b--+b)+,'--"(',Ib+ +%,,b(b-!b(+&Hb

9F5
<51B>5BC
3?>DB?<

"/b%+'+,b('-+(%b(/+b!(0b-!2b1)+"'b-!b)+,'--"('Hb

$,8)8')!8%)8
)(8%'$)8$"%!)$#8
)"b,!(0,b%+'+,b
!(0b-(b+( '"3b'b
,!(+-'b-!b+"-"%b
)-!Hb!b.--(',b-b
-!b(--(&b(b-!b
0"'(0b%-b%+'+,b
('-+(%b-!b)b(b-!b
)+,'--"('Hbb
b
."%-b.,"' b "+(,(-b
(0+("'-b'b")+"' b
+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
-b%+'+,b+b-!b'++-"('b,b0%%b,b%",-'b-(b"-Hb(&b%+'+,b&2bbIb2,%1"Ib
(+b%",-'"' b"'bb%' . b(-!+b-!'b-!"+b"+,-Hb"' b%(' b0!"%b%",-'"' b0"%%b!%)b
(&)+!',"('Hb
%,(Ib,(&b%+'+,b&2b0(+$b"'b()'b."%,Ib&$"' b"-b"".%-b-(b-.+'b
.)b-!b/(%.&b(b-!b(&).-+b."(Hb(&-"&,b%+'+,b#.,-b'b-(b!$bb-Ib,(b%-b
-!&b)+"'-bb-+',+")-b(b-!b'++-"('Ib-((Hb"' b%b-(b)+"'-b-!b'++-"('b&$,b


+/"0"' b-!b&-+"%b&.!b,"+Hb

(%')-&
)!+!)!(

'b$,8)8')!8%)8)(8%'$)8
$"%!)$#8)"b-!b%+'+b'b!((,b-(b
/"0b-!b(-,bO-+',+")-Pb)'%b"',-b(b
-!b('-'-,b)'%Hbb

!+b",b%,(bb%"'$b-(bb)+"'-_+2b
(b
b!'(.-b,!(0"' b!b,%"b0"-!b-!b
-+',+")-b%(' ,"Hbbb
b
b

+,'--"('b."%-b.,"' b "+(,(-b(0+("'-b'b")+"' b
+,'-+Hb'(.-b+-b.,"' b "+(,(-b(+b'b
(b

+(-Hb"0b1&)%b-b!(+-('H(&^%^Hb
b

)E@@<I
5H1=@<5C
5H1=@<5C
5H1=@<5C

'2b%-.+,b!/b-((b&.!b-!(+2b'b'(-b'(. !b('+-Ib,)""Ib+%",-"b1&)%,Hb
&&+Ib'(-b/+2('b'b+,('b+(&b '+%b(')-,b-(b)+-".%+b))%"-"(',Ib(+b
-b%,-b'(-b0"-!(.-b-!b!%)b(b1&)%,b-!-b-!2b'b.'+,-'b'b))%2Hbb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b

!b-()"b,!(0'b!+b",b
+(&bb(.+,b('b,"' b
-2%b!-,bOPHb(+b,.!b
)+-"%Ib.-b,-+-b
,.#-,Ib"'%.b-b%,-b
-!+b1&)%,b(b$2b
)("'-,Hbb
!b-()"b,-+-,b0"-!bb
"'"-"('Hb!b2'-1b-b
('-"',b-!b,-+-b(+&-b
(b-!b,-2%b%&'-b'b
&"'b--+".-,Hb
b
b

!b"+,-b1&)%b,!(0,b-!b
&(,-b,"&)%b'b.,.%b
--+".-,b-(bb-(b-!b(2b
,-2%Hb -b "/,b%+'+,b
,(&-!"' b-!2b'b,"%2b
.'+,-'b'b))%2b
"&&"-%2Hbb

!b")1H2'*&H.--('b
%.'!,bb+(0,+b0"'(0b
-!-b,!(0,b!(0b-!",b
+ &'-b(b(b",)%2,Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

!b,('b1&)%b",b-!b
&(,-b(&&('b,Hb -b,!(0,b
-.+,b&(,-b%+'+,b0"%%b
.,b+*.'-%2Hb



"$b-!b,"&)%b1&)%Ib"-b

(%')-&
)!+!)!(

('-"',bb.--('b-(b%.'!bb
) b,(b%+'+,b'b,b-!b
+,.%-,b(b!' ,b&b-(b
-!b(Hb

!b"'%b1&)%b",b*."-bb
"-b&(+b(&)%1Hb -b,!(0,b
"-"('%b--+".-,b-!-b-!b
/'b%+'+b&2b"'b
.,.%Hb

b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b")+"' b
+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
&B?F945
9==5491D5
@B13D935

(&"'b)+,'--"('b0"-!b)+-"Hb
-b-!b'b(bb)+,'--"('Ib"'%.bb!'b(+b
%+'+,b-(b&(',-+-b0!-b-!2b!/b%+'Hbb

!",b-()"b+(&b(#8#))8')(8
-!,b!(0b-(b"'-"2b-!b+"-"%b
)-!b"'bb'--b!+-Hb!b%+'+b
0-!,b'b'"&-b!+-b,b
/("_(/+b'++-"('b)("'-,b(.-b-!b
+"-"%b)-!b'b!(0b"-b!' ,b
.'+b"+'-b('"-"(',Hbb
!",b'"&-"('b",b-!b)+,'--"('Hb
-b",b'b
,(+b-"/"-2Hb
b
b
b

%,(b"'b-!b-()"Ib%+'+,b'b
"&&"-%2b('"+&b-!"+b
.'+,-'"' b(b-!b(')-,b
)+,'-Hb+(%%"' b(0'b-!2b
'(.'-+bb)+-"b-"/"-2b"'b
0!"!b-!2b',0+b,/+%b
&.%-")%_!("b*.,-"(',b-!-b
/+"2b.'+,-'"' b(b-!b&(,-b
"&)(+-'-b'b-!b&(,-b(-'b
&",.'+,-((b(')-,Hb
!",b)+-"b",bb(b-"/"-2Hb -b",b
,%(&b0+(' b-(b(%%(0bb
,.,-'-"%b
,(+b-"/"-2b0"-!bb
(b-"/"-2b-(b/+"2b
.'+,-'"' Hb
."%-b.,"' b
(b+&0/+Ib /+")-Ib'b
%,!Hb"0b1&)%b-b!(+-('H(&^%^Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
'b-!b_%+'"' b b!/b-$'Ib+b-((b&'2b(b-!b)+,'--"(',b0'-b('b-((b%(' b'b
(/+b-((b&'2b(')-,Hb2b-!b-"&b b!b'b())(+-.'"-2b-(b)+-"b0!-b b!b
%+'Ib b!b(+ (--'b0!-b b!b%+'Hb

E7=5>D
@B5C5>D1D9?>C




'b,)"%%2b-"/b)+,'--"('b'b,+/b,b-!b(+b(bb-()"b(+b%,,('Hb(b-.+'bb

(%')-&
)!+!)!(

)+,'--"('b"'-(bb&(+b(&)+!',"/b%+'"' b1)+"'Ib(',"+b. &'-"' b"-b0"-!b
'/" -"('b('-+(%,b-(b%%(0b%+'+,b-(b&(/b$b'b(+-!b"'b-!b)+,'--"('Hb

b
(.b&2b%,(b'b-(bb'b"'-+(.-"('b0"-!b"',-+.-"(',b(+b)%2"' b-!b)+,'--"('Ib
,,b-(b&(+b-"%b++'b"'(+&-"('Ibb,.&&+2Ib'bb)+-"b-"/"-2b(+b-,-Hbb

+b",b'b1&)%b(bb,"&)%b
,%"b)+,'--"('b-!-b0,b
. &'-b-(b+-bb(&)%-b
_%+'"' b-()"Hb -b",bb,b
,-.2b-!-b&(',-+-,b!(0b
/"+-.%b&'.-.+"' b
)+(,,,Ib,.!b,b,"&.%-"('Ib
'b,!(+-'b-!b-"&b"-b-$,b-(b
+)%b&'.-.+"' b+((-,Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b

b+"b"'-+(.-"('b*."'-,b
%+'+,b0"-!b-!b'/" -"('b
('-+(%,b'b/"0"' b",Hb

b
+b0b,bb,"' %b,%"b+(&b
-!b)+,'--"('Hb!b",)%2b
-1-b,.&&+"3,b-!b/("b
'++-"('Hb

!b,.&&+2b+),b-!b&"'b
)("'-,b0b0'-b-!b%+'+b-(b
+-"'b+(&b-!b)+,'--"('Hb
.,b-!",b,.&&+2b0,b
+-b,)+-%2b+(&b-!b
)+,'--"('Ib"-b'b&)!,"3b
-!"' ,b,)"%%2b"&)(+-'-b(+b
-!",b)+-".%+b.,b(b-!b
)+,'--"('Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

!b. &'-b)+,'--"('b
"'%.,bb,"&)%b-,-b-(b!%)b
%+'+,b . b-!"+b
$'(0% Hbb

(%')-&
)!+!)!(

.,b-!b)+,'--"('b
)+(/",b('%2b'b(/+/"0b(b
-!b,.#-Ib"-b"'%.,b%"'$,b-(b
&(+b-"%b"'.,-+2b
"'(+&-"('Hb
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b
(b
+,'-+Hb

>4
1
65G
=?B5
25CD
@B13D935C

+b+b,(&b,. ,-"(',b-!-b(&b+(&b&2b(0'b1)+"',b," '"' b)+,'--"(',Jb
#%H."H-.H'#2H) H'#b-(b1)+,,b2(.+b",b-(b2(.+b%+'+,Hb b2(.b+b1)%"'"' b-(b
+'-b(%% b +.-,b!(0b-!"' ,b&(/Ib'"&-"('b'b/"(b+b%( "%b!(",Hb b2(.b
+b",.,,"' b,-+-b(')-,b0"-!b1)+"'b)+-"-"('+,b"'bb"%Ib/("b&2bb
*.-Hb

*H&,(,-H.#0Hb(&"'b)+,'--"(',b0"-!b(b-"/"-",b,(b%+'+,b+b'(-b
)!2,"%%2b(+b&'-%%2b),,"/b(+b-((b%(' Hb(+b1&)%Ib%-+'-bb)+,'--"('b-!-b
-!,bb(')-b0"-!b'b-"/"-2b-!-b%-,b-!b%+'+b))%2b-!b(')-Hb
),,)1Hb1%%'-b)+,'--"(',b('b&'2b,.#-,b%+2b1",-b('b-!bHb(',"+b
%"'$"' b-(b('b(b-!,b/"%%b+(+b)+,'--"(',Hb $b%+b-!-b,(&('b%,b
)+(/",b-!b&-+"%Kb(-!+0",Ib%+'+,b&2bb('.,b2b"+',b"'b-!b
))+'b(b-!b&-+"%,Hb
%,(b&$b,.+b-!b)+(/"+b(b-!b&-+"%,b!,b'(b

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
(#-"(',b-(b2(.+b.,b(b-!b&-+"%,Hb+(/"bb($"' b&(.%bO)Hb;9=Pb-(b-!b(++(0b
&-+"%Hb

HD5>4
@B5C5>D1D9?>
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b)+,'--"('b-"/"-",b2b(&"'"' b-!&b0"-!b
(-!+b-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
@B5C5>D1D9?>C
G9D8
?D85B
13D9F9D95C

"$b%%b-"/"-",Ib)+,'--"(',b "'b)(0+b0!'b(&"'b0"-!b(&)%&'-+2b
-"/"-",Hb+b+b,(&b-,-b(&"'-"(',Jb

(%%(0b!+0+b'b,(-0+b&(',-+-"(',b0"-!b)+-"b-"/"-",bO)Hb9;8Pb-(b%-b
%+'+,b))%2b0!-b2(.b&(',-+-Hb/b%+'+,b+)-b-!b&(',-+-"('b('b
-!"+b(0'b(+b(&)%-bb(!b,"&.%-"('Hb

,b",(/+2b-"/"-",bO)Hb9<>Pb-(b!%)b%+'+,b'(-"b)+"'")%,b'b,%"b,!(0,b'b
"'(+&-"('%b"%&,b-(b1)'b('b-!,b)+"'")%,Hb

 "'b &,bO)Hb9=?Pb0"-!bb,!(+-b,%"b,!(0b-(b-!b-!b+.%,b'b.,+_"'-+b(b-!b
&Hb $b/"%%b'b"'(+&-"('%b"%&b(+b,%"b,!(0b-(b-!b(')-,b'b-(b
0"'b-!b &Hb

.))%&'-b)+,'--"(',b0"-!b+"' ,bO)HbA;Pb-(b+/%b-"%,b('%2b!"'-b-b"'b-!b
)+,'--"('b'b-(b,-",2b.+"(,"-2b(.-bb,.#-b+(.,b2b-!b)+,'--"('Hb

&&"-%2b(%%(0b-!b)+,'--"('b0"-!bbG
b,,,"('bO)Hb=>:Pb(+b +(.)b",.,,"('b
,(b%+'+,b'b"%%b"'b ),b'b,-",2b+(.,b.+"(,"-2Hb

+b-!b&"'b)+,'--"('b0"-!bb,)+-b)+,'--"('b(+b+"' b"'-+(."' b-!b
(')-,Ib)+"'")%,Ib(#-,Ib(+b)()%b,'b"'b-!b)+,'--"('Hb,b-!b)+_
)+,'--"('b-(b,.))%2b)++*.","-,b(+b-!b&"'b)+,'--"('Hb

(%%(0b-!b)+,'--"('b0"-!bb*."3_,!(0b &bO)Hb;;9Pb,$"' b*.,-"(',b(.-b-!b
)+,'--"('Hb*."+b(-!b+%%b'b"'+'Hb

+-"b))%2"' b)+"'")%,Ib+.%,Ib'b(')-,b(b-!b)+,'--"('b"'b &,bO)Hb;:;PIb
+(%_)%2"' b-"/"-",bO)Hb<?>PIb'b(+" "'%b0(+$bO)Hb:8?PHb+b!/b%+'+,b,.&&+"3b
-!b)+,'--"('b,bb#(_"bO)Hb9@?PHb

5C97>
@B5C5>D1D9?>
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

,-(.H.",)/!"H-)#&H'#Hb(+b"',-'Ib&b-!b+(+b)+,'--"('b"'bb%( Ib
)(,-Ib(+b(+.&b,(b",.,,"('b'-.+%%2b(%%(0,Hb

,)0#H %b.+"' b-!b)+,'--"('b-!+(. !bb$b!''%Hb

)(.,)&H."H*,-(..#)(H-HH!,)/*Hb -b-!b +(.)b).,b(+b",.,,"('b'b"b
0!+b-(b (b'1-b"'b'('_%"'+b)+,'--"(',b'b-(.+,Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

,.H*,-(..#)(-Hb(+b1&)%Ib!/b!b%+'+b)+(/"b('b,%"b(+bb,%"b
,!(0Hb",.,,b'b+/",b"'"/".%b('-+".-"(',Hb

)''(.H(H#-/--H."H*,-(..#)(Hb/b%+'+,b+,--b$2b)("'-,Ib,.&&+"3b
(+b(.-%"'b-!b)+,'--"('Ib).%",!b'(-,b-$'b.+"' b-!b)+,'--"('Ib+-b-!b/%.b
(b-!b)+,'--"('Ib)("'-b(.-b%0,b'b ),Ib,. ,-b))%"-"(',Ib(+b(++-"(',Ib


,,,,b/%""-2b'b+""%"-2Ib+0b('%.,"(',Ib'b,. ,-b--+b",b'b

(%')-&
)!+!)!(

%-+'-"/b"'-+)+--"(',Hb

#(%H."H*,-(..#)(H.)H,&.H,-)/,-b-!-b (b)+Ib(+b('-++2b/"0,Ib--+b
1)+,,b-!b,&b",Ib+/%b-!b+,+!b(+b(-!+b,",b(+b",Ib1-'b0"-!b/",.%,b
'b(-!+b&"Ib%(-b"-&,b('b&),b'b,-%%"-b/"0,Ib'b,.))%2b1-+'%b
(&&'-+2Hb

#.H(H(()..H."H*,-(..#)(Hb&b(&&'-,b)("'-"' b(.-b++(+,Ib.)-"' b
('-'-Ib'b%"'$"' b-(b,.))(+-"' b/"'b'b+%-b+,(.+,Hb" !%" !-b$2b
)("'-,Hb
b'0b)-!02,b'b.-b(0'b-(b-!b,,'-"%,Hb

5C97>
@B5C5>D1D9?>
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

,#!#(.H(H,),H."H)(.(.b(+b)+,'--"(',b+(&b+&(-b%(-"(',Ib,b(b'0,b
)+( +&,Hb

2*,#(H*,-(..#)(-H#(H."H&)&H1",H."3H1#&&H**&3H&,(#(!Ib,.!b,bb
(',-+.-"('b,"-Ib+!(%( "%b" Ib(+b,)$+V,b)(".&Hb

*./,H,&G1),&H)(.(.H ),H).",-H.)H-),Hb)-.+b,)!,b'b%-.+,Ib
)+,'--"(',Ib)!2,"%b'b,(-0+b&(',-+-"(',Ib0(+$%(0b)+(.+,Ib+&-"b
,"-.-"(',Ib-,b'b",.,,"(',Ib'b0%$-!+(. !,b(b."%"' ,b'b).%"b,),Hb

($)

(&-"&,b-!b,-b_%+'"' b",bb ((b(($bLb(+bb ((b_(($Hb
"' b",b'(-bHb+b+(&b"-Hb_%+'"' b'b-"/%2b
"'(+)(+-b+"' b,," '&'-,Hbb'b"+-b%+'+,b-(b
"'"/".%b(.&'-,b(+b&$b'-"+b%"++",b/"%%b-(b-!&Hb

2?ED
B5149>7
13D9F9D95C

"' b-"/"-",b"+-b%+'+,b-(b%-+('"b(+b))+b(.&'-,b-!-b+b0%%b
+,+!Ib(+ '"3Ib'b0+"--'Hb2b+"' b-!,b(.&'-,Ib%+'+,b "'b"&)(+-'-b
"'(+&-"('b'b"',)"+-"('Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b
+"'-b(.&'-,b&2b,&b,(b/+2b:8-!b'-.+2Hb!"+b",)%2,b#.,-b,"-b-!+Hb!2b%$b
)%2b.--(',b'b(+b%"&"-b"'-+-"/"-2Hb-Ib"-b",b-!",b,-"%"-2b-!-b "/,b-!&b-!"+b
/%.b"'b-!",b"'+,"' %2b.%-+_2'&"Ib!2)+_"'-+-"/b0(+%Hb+"--'b(.&'-,b(b
'(-b,*."+&Ib,!"-Ib-0"-!Ib%"$+Ib(+b&","'-+)+-b-!b++V,b,.-%b"'-'-"(',Hb!2b
)+,'-b"'(+&-"('b"'bb)+",b/",.%b(+ '"3-"('b'bb)+"-%b,*.'Hbb
+('"%%2Ib+"' b&2bbb&(+b-"/b%+'"' b1)+"'b-!'b,(&b%+'"' b &,Ib
,)"%%2b,b-!b%+'+b,$"&,Ib)+.,,Ib+,Ib"& "',Ib(&)+,Ib+_+,Ib#(-,b'(-,Ib
&$,b(($&+$,Ib'b+%-,Hbb

-85>
D?
EC5
B5149>7
13D9F9D95C

,b+"' b-"/"-",b-(b)+,'-b(&)%1b'b"".%-b"'(+&-"('b"'bb,-%b(+&b(+b
+.%b,-.2b2b-!b%+'+Hb,b+"' b-"/"-",b0!'Jb

+'+,b'b)+b$'(0% b('bb,.#-Hb

(.b(b'(-b!/b-"&b-(b/%()b&(+b"'-+-"/b&-+"%,b'b0%%_0+"--'b
(.&'-,b+b+"%2b/"%%Hb

+'+,b+b,$"%%.%b++,b'b&(-"/-b'(. !b-(b+b('b-!"+b(0'Hb
"' b-"/"-",b+b'b"&)(+-'-b)+-b(bb'0b"'"-"('b(b%+'"' Hb ',-b(b
-!"' b)()%b-(b&&(+"3b'b-!'b+%%b"'(+&-"('Ib-(2b0b-!b-!&b!(0b-(b
"'Ib+Ib'b.'+,-'b"'(+&-"('b0!'b-!2b'b"-Hb!-b2(.bW$'(0Xb"'%.,b%%b
-!b-!"' ,b2(.b'b+%%a%(' b0"-!b%%b-!b-!"' ,b2(.b'b"'b"'b('%"'b%"++",Ib('b-!b
'-+'-Ib'b-!+(. !b,("%b'-0(+$,Hb(+b&(+b('b"&)%&'-"' b-!",b'0b,-2%b(b
%+'"' Ib%(($b-b+,+!bO)Hb9A>Pb'b#(_"bO)Hb9@?Pb-"/"-",b'b,$"&b!)-+b@b('b
,("%b%+'"' Hb

*I@5C
?6
B5149>7C

"' b-"/"-",b(+b_%+'"' b-2)"%%2b)+(/"b,,b-(b+"' ,b"'b-!+b02,Jb

'"/".%b(.&'-,Hb

"++",b(b(.&'-,b-(b,%-b+(&Hb

+"'b,+!,b-(b"'b '-+'-b+,(.+,Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
?G
B5149>7
13D9F9D95C
G?B;

!b)+(.+b(+b+"' b-"/"-",b",b*."-b,"&)%Hb"+,-b-!b%+'+b(-"',b-!b(.&'-b
'b-!'b+,b"-Hb

(%')-&
)!+!)!(

b
-"'"' b-!b(.&'-b,!(.%bb,"&)%Ib,0"-Ib'b+%"%a.'%,,b-!",b,-)b",b)+-b(bb
+,+!b-"/"-2bO)Hb9A>PHb

CC97>
9>49F94E1<
4?3E=5>DC

!b,"&)%,-b(+&b(b+"' b-"/"-2b,," ',bb,"' %Ib,)""b(.&'-Hb!b%+'+b
-2)"%%2b%"$,bb%"'$b-(b(-"'b-!b(.&'-b'b-!'b+,b"-b"-!+b('%"'b(+b-+b
)+"'-"' b"-b(.-Hb

?>C945B
=1>I
DI@5C
?6
4?3E=5>DC

'2b"+'-b-2),b(b(.&'-,b'bb.,.%b"'b_%+'"' Hb+b",bb,!(+-b%",-b-(b,-+-b
2(.b-!"'$"' Hb

1-(($,Hb 
 .%-"(',Hb 
!(%+%2b))+,Hb

().%+b(($,Hb 
+(!.+,Hb 
+b#(.+'%,Hb

'.%,Hb 
-b,!-,Hb 
 3"',Hb

'(($,Hb 
)""-"(',Hb 
0,))+,Hb

)(+-,Hb 
"+",b'b#(.+'%,HH 
%( ,Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
>3<E45
CD1>41B4
B565B5>35C

'2b"%,b(b,-.2b!/b,-'+b++'b0(+$,b-!-b&$bb/%.%b"-"('b-(b
2(.+b_%+'"' Hbb

b)+(#-b(+b!.+!b(' + -"(',b
)+(/"b,,b-(b('b++'b0(+$b
)+-".%+%2b"&)(+-'-b-(b-!&Hb
+'+,b(.%b"'b"%"%b),, ,b
2b-2)"' b"'b-!b"--"('b"'b
('/'-"('%b(+&Ib"'%."' b+' ,Hb
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
-"/b+/+b
 ,Hb
b
-'+b++'b0(+$,b"'%.Jb

1-(($,b(+b('/'-"('%b(.+,,b"'b-!b"%Hb

+(,,"('%b!'(($,b.,b2b)+-"-"('+,Hb

0,b'b+ .%-"(',b (/+'"' b-!b"%Hb

%,,"%b%"-+-.+b-!-b&2bb-!b,.#-b(b,-.2Hb

+")-.+b-!-b",b-!b,",b(+b/%.,b'b)(%"",Hb

"( +)!",b(b$2b" .+,b"'bb"%Hb

",-(+"%b+/"0,b(bb"%Hb

(%%-b0(+$,b(b"&)(+-'-b+,+!+,b(+b+-",-,Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
&93;
69<5
6?B=1DC
6?B
4?3E=5>DC

b2(.b+b&$"' b(.&'-,b/"%%b(+b%+'+,Ib(',"+b!(0b2(.b0"%%b('/+-b
('/'-"('%b(.&'-,b-(b_,,"%b&"Hb/+%b(+&-,b+b*."-b(&&('b"'b
_%+'"' Hb



),'.H
0(.!-H #-0(.!-H

(%')-&
)!+!)!(

 b 'bb",)%2b"'b '%2b(+b,"&)%b(+&-,Hb
+(0,+b0"-!b'(b)%. _"',Hb -!+0",b-!b('/+,"('b
(+-,b+b(&)%1Hb

(b
+(-b "-!.%b-(b(+" "'%b(+&-Ib *."+,b%+'+,b-(b!/b-!b
(+-%b(.&'-b /'b"b(&)%1Hb(+$,b(+b
+(-b+b,(-0+Hb
(+&-bOPb '2b(.&'-b2(.b'b
)+"'-Hb
"+(,(-b(+b(+b 'bb()'b2b(+b *."+,b%+'+,b-(b!/bb
"!b1-b(+&-b 'b(-!+b0(+b)+(,,(+,b 0(+b)+(,,(+b(+b(0'%(bb
OPb (+b"-"' Hb /"0+Hb(.b''(-b('-+(%b
0!-b%+'+,b(b0"-!b2(.+b
(.&'-Hb
b

b"'b
(V,b
+(-b
(+-%b(.&'-b(+&-b
OPb'b--+-"/b(+&-b(+b
(.&'-,b'b!'(.-,b-!b
%+'+b&2b'b-(b+Hbb
)+(/",bb!" !_"%"-2b"& b
(b-!b(+" "'%b(.&'-a,b"-b
0(.%b))+b)+"'-Hb 'b-Ib
-!",b",b-!b,-+' -!b(bJb -b
'bb.,b(+b'2b(&).-+b
(.&'-b-!-b'bb)+"'-Hb

'b+-"' bbb"%b",b%"--%b
&(+b"".%-b-!'b)+"'-"' bb
(.&'-Hb
bbb."%-b.,"' b
(b+&0/+b'b
(b
+(-b+(,,"('%Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
b(,Ib!(0/+Ib+*."+b%+'+,b-(b(0'%(b'b"',-%%b-!b+b
+(-b+Hb(+b
-!'"%%2b,()!",-"-b%+'+,Ib-!",b-,$b",b'(-bb,+"(.,b++"+Hb.-b'(-b%%b%+'+,b+b
-!'"%%2b,()!",-"-bLb(+b%,,b0"-!b'b--'-"/b"'(+&-"('b-!'(%( 2b
)+-&'-b-(b"',-%%b-!b++b(+b-!&Hb

!b/'- b(bb",b-!-b(.&'-,b+bAABb"-!.%b-(b-!"+b(+" "'%b(+&-Ib

"'%."' b +)!",Hbb"%,b+b'(-b,b(&)-b,b Ib.-b,-"%%b+%-"/%2b(&)-Ib
,)"%%2b(&)+b-(b,-+" !-Ib +)!"%b(+&-,Hb

!+b",b'b,2b-,-b-(b-+&"'b0!-!+b2(.b,!(.%b.,bHb b-!b(.&'-b",b%(' Ib
"'-+"-%2b(+&--Ib'b0"%%bb+b+(&bb)+"'-(.-Ib.,bb,(b-!-b-!b%+'+b -,bb
% "%b'b)+",%2b(+&--b()2Hbb

B51D5
1>
?><9>5
<92B1BI

'"' b%+'+,b(b-(b-!b%"++2b(+bb"-b(b+"' b",bb-+"-"('b"'b.-"('a('b-!-b
_%+'"' b," '+,b'b0%%b)"-%"3b('b2b"'- +-"' b%"++",b"'-(b_%+'"' b(.+,,Hbb

b'b&$b+"' b,," '&'-,b&.!b*."$+Ib&(+b+%"%Ib'b%,,b+.,-+-"' b2b

)+(/""' b%+'+,b0"-!bb0%%_(+ '"3b'b-%( b%"++2b(b%+'"' b+,(.+,Hb
-!+b-!'b,," 'b,)""b0(+$,b-(b+Ib0b'b)+(/"bb%"++2b(b+%/'-b&-+"%b(+b
%+'+,b-(b,%-b+(&Hbb

'b/'- b(b-!",b))+(!b",b-!-b-!b+"' b-"/"-2b(,b'(-b"%b"bb,"' %b,(.+b

(b"'(+&-"('b",b+&(/b+(&b-!bb(+b'b"'"/".%b,+/+b (,b(0'Hb
'(-!+b
/'- b",b-!b,b(b(&"'"' b+,+!b'b+"' b-"/"-",Hb

!b,"b"b(b%"++",b!,b'(-b!' b&.!b,"'b'"'-b
%1'+"Hb -b!,b'(-b

'b-(Hb "++",b&$b$'(0% b,,"%b2b(%%-"' b-!b,-b'b&(,-b'b
0(+$,Ib%%"' b-!&Ib(+ '"3"' b-!&Ib-%( "' b-!&Ib'b'%"' b)()%b-(b"'b
-!&b('b-!"+b(0'Hb
'b_,b%"++",b$)b%(' +b!(.+,Hbb
," 'b2(.+b%"++2b'(-b,bb&('.&'-%b,!+"'b-(b.,-2b(($,Ib.-b,b'b"'/"-"' b)(+-%b
-(b,%_.-"('Hb $b-!b%"++2b)+-"%Ib!%).%Ib'b.'Hb"%(+b"-b-(b-!b',b'b
-,-,b(b%+'+,Hb

.!bb%"++2b'bb,b,"&)%b,bb) b(b!2)+%"'$,b-(b/%.%b+,(.+,b(+b,b+"!b,bb
/,-b-,b(b-!(.,',b(+b&"%%"(',b(b+,(.+,Hb!b$2b-(bb,.,,.%b/"+-.%b%"++2Ib
-!(. !Ib",b'(-b-!b+-!b(b('-'-Ib.-b-!-b-!b('-'-b",b0%%b(+ '"3b'b,"%2b
,,"%Hbb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
!-b0"%%b2(.+b%"++2b(+b-!-b).%"b,+!b' "',b(b'(-b%+2b(+Mb!b('b-!"' b
2(.b'b)+(%2b(+b",b-!b))%"-"('b(b2(.+b$'(0% b"'bb"%Ib,(b-!-b%+'+,b
.,"' b2(.+b%"++2b -b--+b',0+,b-(b-!"+b*.,-"(',b"'b%,,b-"&b-!'b-!2b'b0"-!b'2b
,+!b' "'Hb

+b",b'b1&)%b(b



-!b%+'+_"'-+b

(%')-&
)!+!)!(

(+b'b('%"'b%"++2Hb
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b
+&0/+b'b
-"/b+/+b
 ,Hb

b,.+b-(b/+"2b-!b*.%"-2b(b2(.+b+,(.+,Hb '%.b-!b()b+,(.+,b('bb,.#-Ib'(-b
!!b-!b+,(.+,b('bb,.#-Hb&&+Ib('b(b-!b (%,b(b-!b%"++"'b",b-(b+.b
"'(+&-"('b(/+%(Hb

," 'b2(.+b%"++2b-(b,+/b&.%-")%b).+)(,,Hb -b'bb-!b,",b(+bb/+"-2b(b+,+!b

-"/"-",bO)Hb9A>PHb'b%"++2b'b,+/b-!b',b(b&.%-")%b(.+,,Hb
'Ibb%"++2b'b
bb/%.%b"'(+&-"('b,(.+b"'b"-,b(0'b+" !-Hb

(5<I
?>
>D5B>5D
B5C?EB35C

'bb,',Ib-!b0!(%bb",b%"$bb%"++2bLb-+b'b+-!*.$Hb!bb('-"',b-!b
*."/%'-b(b-+"%%"(',b(b) ,b(b"'(+&-"('Ib.-b"'"' b-!b('b2(.b0'-b+*."+,bb%(-b
(b+((-"' b+(.'b"'b",(+ '"3b)"%,Hb(.b0'-b-(b,)+b2(.+b%+'+,b-!-b(+-Hb(bb
-!"+b02b-(b"+-b%+'+,b-(b,)""b '-+'-b+"' ,b",b-(b%"'$b-(b-!&b"+-%2b(+b
-+" +b,)""b '-+'-b,+!,Hb

"9>;
D?
>D5B>5D
B5C?EB35C

'b(b-!b,"&)%,-b02,b-(b.,b-!bb",b-(b%"'$b"+-%2b-(b(.&'-,b.,.%b-(b2(.+b
%+'+,Hb(b,b-!b(.&'-Ib%+'+,b#.,-b%"$b('b-!b%"'$Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b

!",b(.+,b('b
&"%b-!",b'b
)+(.+,b%"'$,b-(b
+ .%-"(',b'b
."%"',b"'"' b
(++-b!/"(+b(+b
%+'+,b(b-!",b
(.+,Hbb
b
b
b
b
b
b
," 'b2b"%%"&b(+-('b
(',.%-"' Hb."%-b2b"%%"&b
(+-('b(',.%-"' b'b
b
,+!b'b/%()&'-Hb
b

*B9775B
1
C51B38

+(/"b,)""b,+!b-+&,b%+'+,b'b'-+b"'-(bb,+!b' "'Hb+Ib)+(/"bb%"'$b
-!-b-+" +,bbb,+!b('bb,+!b' "'b'b",)%2b-!b+,.%-,b-(b2(.+b%+'+,Hb!",b
+&(/,b-!b-+(.%b(b-2)"' b"'b-!b,+!b-+&,b'b-!b+",$b(b-2)"' b-!&b0+(' Hb

!",b1&)%b,!(0,bb
(( %b,+!b) b
-+" +b+(&bb
W"' ,Xb'-+2b"'b
-!b(.+,b-%b(b
('-'-,Hb
b
b
b
b
b
b
b
b
(.+,b."%-b0"-!b
(b
+&0/+Hb+!,b+b
)+(+&b2b(( %b.'+b
%"',Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
!b/'- b(b-!",b)+(.+b",b%+Hb(.b(b'(-b!/b-(b&"'-"'b-!b%",-b(b+"' b
&-+"%,Hb!b"'"/".%b)+(/"+,b(b-!-Ib'b-!b,+!b' "'b"',b-!&b(+b2(.Hb!b
%",-b'/+b (,b,-%Hb
(+b2(.b(b-!",Ib!(0/+Ib&$b,.+b2(.b!/b)+&",,"('b+(&b-!b,+!b' "'b-(b
",)%2b-!"+b+,.%-,b"'b2(.+b(.+,Hb

(%')-&
)!+!)!(

)?EB35C
?6
EC56E<
4?3E=5>DC

/'b"bAAHAAABb(b-!b('-'-b('b-!bb0+b-+,!Ib-!+b0(.%b,-"%%bb'(. !b
/%.%b+"' b&-+"%b-(b,.))%2b&"%%"(',b(b_%+'"' b(.+,,Hb+b+b,(&b)%,b
-(b%(($b(+b+"' ,b(+b2(.+b-"/"-",b'b(.+,,Jb
-")&,;!))!&;)'H +!,b,!(%+%2b%"-+-.+b,.!b,b))+,Ib+-"%,Ib(($,Ib
,-+-,Ib'b#(.+'%,Hb
*,#(.;!))!&;)'H (( %b(($b+!b,+!,b-!b.%%b-1-b(b(($,b-(b"'b"-&,b
(b"'-+,-Hb -b'b",)%2b"& ,b(b.%%b) ,b'b%"'$,b-(b)%,b
0!+b2(.b'b.2b(+b(++(0b-!b(($Hb
111;!/.(,!;),!H +(#-b.-'+ b&$,b/"%%b(/+b9?I888b+b%-+('"b
(($,b2(.b'b(0'%(Hbb
))%-7829;)'H (+bbIb$"%%(-b)+(/",b,,b-(b-!b(&)%-b('%"'b
/+,"(',b(b)().%+b,"'-""Ib-!'(%( 2Ib'b.,"',,b(($,Hb

5CD
@B13D935C
6?B
B5149>7
13D9F9D95C

"' b-"/"-",b'bb(+"' b'b)("'-%,,b(+b'  "' b'b'%" !-'"' Hb)-b(+b-!b
%--+Hb

B?G
I?EB
<92B1BI
7B14E1<<I

+(0b2(.+b%"++2b,&((-!%2b'b,.+%2Hb-+-b0"-!bb(.+,b,(.+b) Hb
,b"-b +(0,b-(b
,/+%b,+(%%"' b3(',Ib).-bb&'.b"'b+('-b(b"-Hb
,b"-b"'+,,b2('bb0b!.'+b
+,(.+,Ib"'(+)(+-bb-,b-(b!(%b-!b"'"/".%b+(+,Hb
,b2(.b "'b(+"' b
&(+b'b&(+b$"',b(b+,(.+,b'b,+/",Ib(',"+b&" +-"' b-(bb-+.b$'(0% _
&' &'-b,2,-&Hb-+-b,"&)%b'b()-b-!'(%( 2b('%2b,b2(.b'b"-Hb

&E2<9C8
1
EC175
@?<93I

$b%+b0!-b%+'+,b'b(b0"-!b-!b(.&'-,b2(.b)+(/"b-!&Hb)"2b0!-b
+" !-,b%+'+,b!/b-(b+Ib,!+Ib()2Ib+.,Ib'b&("2b-!b(.&'-,Hb(&b"-&,b
&2bb(',b2(.b(0'Ib0!"%b(-!+,b+b(',b2(.b!/b+" !-,b-(b",)%2b('%2Hb-"%%b(-!+,b
&2bb+,(.+,b2(.b(b'(-b)(,,,,b.-b)+(/"b%"'$,b-(Hbb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
'b)+-"%b,(%.-"('b",b-(b"'%.bb%'$-b+.%b-!-b",b*."-b+,-+"-"/b'b-(b% b"-&,b
(+b0!"!b%+'+,b!/b"-"('%b+" !-,Hb

)9=@<96I
?2D19>9>7
4?3E=5>DC

(+b+%2b/"%%b%-+('"b(.&'-,Ib2(.b'b#.,-b%"'$b-(b-!b(.&'-Hb.-b!(0b
,!(.%b2(.b!'%b(.&'-,b'(-b/"%%b('%"'Kb(+Ib(.&'-,b-!-b!+ bbMb

"'$b-(b-!b).%",!+V,b,%,b,"-b0!+b%+'+,b'b(++bb()2b(+b).+!,b,,Hb

"'$b-(b
&3('bO000H&3('H(&PIb+',bGb(%bO'H(&PIb(+b,(&b(-!+b('%"'b
(($,-(+b0!+b%+'+,b'b(++bb()2Hb

-b.)b2(.+b(0'b(($,-(+b'b,%%b-!b"-&b2(.+,%Hb!",b",b,"+b-!'b"-b,(.',Hb

&3('b(+b'(-!+b,%%+b0"%%b!'%b-!b-!'(%( 2b'b"%%"' b(+b2(.Hb

.2b%"&"-b%-+('"b+" !-,b'b&$b-!&b/"%%b-(b#.,-b2(.+b%+'+,Hb

+(/"b-!b(.&'-b"'b,/+%b(+&-,b,(b%+'+,b'b)"$b-!b('b-!-b0(+$,b,-b
(+b-!&Hb

51DEB5
13D9F5
5H1=@<5C

'b(b-!b&(,-b/%.%b(+&,b(b('%"'b+,(.+,b",bb%"++2b(b1&)%,b-!-b%+'+,b
'b-.%%2b&'").%-b'b.,Hbb

!b(%%-"('b,!(0'b
!+b(+,b b
"' +"'-,b-!-b'b
b.,b"'bb) ,b
-(b+-b-%,Ib
!"' ,Ib.%%-b%",-,Ib
'b,(b(+-!Hb
b
b
b
b
b
b
."%-b.,"' b
(b
+&0/+b'b /+")-Hb
"0b1&)%b-b
!(+-('H(&^%^Hb

+V,b!(0b"-b0(+$,Hb!b%+'+b%"$,bb%--+b.--('b-(b,+(%%b-!+(. !b-!b%",-b(b
1&)%,b-(b-!b(',b0"-!b'&,b "''"' b0"-!b-!-b%--+Hb!b%+'+b-!'b)"$,b'b
1&)%b"'b-!b%",-Hb!b1&)%b))+,b(+&--b-b-!b.))+b+" !-b'b,b b-b-!b
%(0+b+" !-Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
!b%+'+b'b-!'b()2b-!b b-(b'b.-!(+"' b)+( +&Hb&b(&&'-,b
."b%+'+,b"'b&("2"' b-!b1&)%b-(b,."-b-!"+b).+)(,,Hb.,b,.!b1&)%,b
'bb&(""b'b.,b2b%+'+,Ib0b%%b-!&b-"/b1&)%,Hb

,b-"/b1&)%,b(+Jb

+( +&&"' b(Hb

(%')-&
)!+!)!(


 Ib Ib'b(-!+b- "' b%' . ,Hb

&)%-,b.,b-(b+-b,%",Ib(.&'-,Ib-Hb

(+&,b-(b)+"'-b(.-b'b"%%b"'Hb

HD5>4
B5149>7
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b+"' b-"/"-",b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
B5149>7C
G9D8
?D85B
13D9F9D95C

#5B75
I?EB
<92B1BI
1>4
=EC5E=

."%b'b&' bb%"++2b'bb&.,.&bO)Hb99APb,b('b()+-"('Hb!2b+b,)+-b
"',-"-.-"(',b"'b-!b)!2,"%b0(+%b('%2b.,b-!2b0+!(.,b"+'-b$"',b(b(#-,Jb
)"'-"' ,b'b,.%)-.+b"'b+-b&.,.&,Ib(($,b"'b%"++",Hb'%"'Ib%%b(#-,b+b#.,-b"-,Hb
!b&",,"(',b(b%"++",b'b&.,.&,b+b(&)%&'-+2Hb .,.&,b('-"'b.'"*.b
(+" "'%b-0(_b'b-!+_"&',"('%b(#-,b'b)+(/"b-"'2b)%*.,b(b(&&'-+2b('b
-!&Hb "++",b)+(/"b1-',"/b(&&'-+2b('b/+2-!"' b"& "'%b.-b('%2b%(0_
"%"-2b+)+(.-"(',b(b(#-,b(b"'-+,-Hb(.',b%"$b'b"%b&+ +Hb

(.b&2b,-"%%b0'-b-(b&"'-"'b,)+-b%+'+b"'-+,b(+b-!b%"++2b'b&.,.&a-b
%,-b.'-"%b)-+(',b,&b+2b-(b)-bb&+ +Hb!"'b-!b"'-+Ib-!b-0(b
"',-"-.-"(',b'b,!+bb(&&('bb,+/+Ib-,Ib'b,,b&!'",&,Hb

*5138
<51B>5BC
D?
EC5
I?EB
<92B1BI


+-bb ."b-(.+bO)Hb99;Pb(b-!b%"++2b-(b,!(0b%+'+,b+(.'Hb(.,b('b"-&,b
+%-b-(b2(.+b(.+,Hb

('.-b,/' +b!.'-,bO)Hb9A@Pb-(b&"%"+"3b%+'+,b0"-!b-!b(+ '"3-"('b'b
,+!b&!'",&,b(b-!b%"++2Hb


,," 'b ."b+,+!b-"/"-",bO)Hb:88Pb-!-b -b%+'+,b"'b-!b!"-b(b.,"' b%"++2b
+,(.+,Hb

>D57B1D5
B5149>7C
9>D?
?D85B
13D9F9D95C


.))%&'-b)+,'--"(',bO)Hb>APb0"-!b+"' ,b-!-b)+(/"b&(+b)-!b'b-"%Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b


--!b+"' ,b-(b &,bO)Hb9=?Pb-(b)+(/"b-!b)+"'")%,b'b-(b0"'b-!b &b
'b-(b!%)b%+'+,b0!(b"'b-!b!" !b +b(b"'-+-"/"-2b+*."+b"'b(&).-+b
&,bb"-b"'-"&"-"' Hb

,b%"++2_,b&-+"%,b-!+(. !(.-b_%+'"' Hb-b"'b-!b!"-b(b "''"' b!b
%,,('b0"-!b%"'$,b-(b%-+'-"/b02,b(b%+'"' b-!b,.#-b'b'"' b"-b0"-!b%"'$,b-(b
02,b(b%+'"' b&(+b('b-!b,.#-Hb

+C5
?D85B
13D9F9D95C
D?
=?D9F1D5
B5149>7

.#0#.3H )1H#.H').#0.-H,#(!H

&b ,-,b+%%b(b-,Ib)+"'")%,Ib'b(')-,b+(&b-!b+"' Hb
(-0+b *."+b%+'+,b-(b%(($b.)b-"%,b"'b-!b&'.%b(+b('%"'b!%)Hb
,"&.%-"('b
/' +b +!"' b-!b(.&'-b+/%,b('-'-b(b"'-+,-b-(b%+'+,Hb
!.'-b
b

+C5
?D85B
13D9F9D95C
D?
CE@@<5=5>D
B5149>7C


,bb)+,'--"('b-(b)+(/"b'b(/+/"0b'b)++*.","-,b'b-(b+b
)+(.-"/%2Hb

,b ."b+,+!b-(b'%b%+'+,b-(b (b)+b"'-(b-!b,.#-b(b-!b+"' ,Hb

/b%+'+,b('.-b+,+!b-(b"'-"2b"-"('%b+"' b&-+"%,Hb

5C97>
B5149>7
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

,.H(H-",H,#(!-b-(b.-b(-!+b%+'+,Hb '"/".%b%+'+,b'Ib(+b
1&)%Ib0+"-bb,!(+-b,,2b(+b,-"('b(bb%+ +b0(+$Ib(.&'-bb,-)b(+b)!,b"'bb
)+(.+Ib(+b)+("%b('b!+-+b"'bb'(/%b(+b)%2Hb

)''(.H)(H(H#-/--H,#(!-Hb '/"-b%+'+,b-(b+-Ib+/"0Ib,.&&+"3Ib+,--Ib
'+%"3Ib,. ,-b%-+'-"/,Ib'b)+()(,b))%"-"(',b(b",b(b-!b+"' ,Hb

#(%H,#(!-H.)H,&.H,-)/,-b-!-b (b)+Ib(+b('-++2b/"0,Ib--+b1)+,,b
-!b,&b",Ib(+b).-b-!b+"' ,b"'b('-1-Hb

#.H(H(()..H."H)/'(.b-(b!" !%" !-b$2b)("'-,Ib&b(&&'-,Ib.)-b
-,b'b" .+,Ib% b++(+,Ib'b,)%%b(.-b#+ ('Hb

(!!H#(H'#,)G&,(#(!b"'b0!"!b-!H.!+Ib'b1)+-Ib(+b%+'+,b"'b+(--"('b)(,-bb
"%2b'. -b(b%+'"' b"'b-!b"%b(b"'*."+2Ib(+b"',-'bb,.+)+","' b-b(+b" .+Ib
)+,('b(b"'-+,-b"'b-!b"%Ib&"+%b)"b(b0(+$Ib(+b-((%Hb!b)(,-"' b"'%.,bb
%"'$b-(bb) Ib/"(Ib(+b)(,-b-!-b%(+-,b('b-!b,.#-b(b-!b"'"-"%b)(,-Hb
+'+,b+b"'/"-b-(b(&&'-b('b-!b)(,-Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
5C97>
B5149>7
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

%2b'b."(b/+,"('b(b-!b+"' ,Ib"-!+b2b,,"' b'bW."((($Xb/+,"('b(+b
2b.,"' b-1-_-(_,)!b,2'-!,",b-(b '+-bb,)($'b/+,"('Hb



(+b+"' ,b(+b(-!+,Hb,b-!b/"V,b,+'b,bb-%)+(&)-+Hb

(%')-&
)!+!)!(



,,b+"' ,b-(b('"+&b'b%+'b(.-b+%_0(+%b",(/+",Hb

)*%()
/

*(

'b2(.b+&&+bb%,,+((&b(.+,b.+"' b0!"!b-!b
-!+b.,b,-(+",b-(b!%)b&$b-!b)("'-Mb'b2(.b
+&&+b,.!b(.+,,b"'b0!"!b-!b&(,-b&&(+%b)+-,b
0+b-!b,-(+",Mbb

(0Ib'b2(.b-!"'$b(b'b('%"'b(.+,b-!-b"'%.,b,.!b
,-(+",Mb'b(b-!b"+('",b",b-!-b,-(+",b+b(-'b0!-b b
%+'+,b+&&+b,-b.-b0!-b," '+,b%/b(.-b0!'b
('/+-"' b%,,+((&b(.+,,b-(b_%+'"' Hb

2?ED
C81B9>7
CD?B95C

-(+2-%%"' b-"/"-",b+%-b"'"/".%b!.&'b1)+"',Hb!2b&$b"'(+&-"('b+%b
'b)+,('%Hb

*I@5C
?6
CD?BID5<<9>7
13D9F9D95C

!+b+b-0(b-2),b(b,-(+2-%%"' b-"/"-",Hb'b"'/(%/,b,-(+",b-(%b2b-!b-!+b'b
-!b(-!+b"'/(%/,b,-(+",b-(%b2b-!b%+'+Hb(-!b-2),b(b,-(+",b'bb-(%b%"/b(+b
)%2b$b+(&bb+(+"' Hbb(-'b(&"'b,-(+",b2b-!b-!+b0"-!b'b"'/"--"('b
(+b%+'+,b-(b,!+b,"&"%+b,-(+",Hb!",b(&"'b-"/"-2b",b%%b()$'.7('#Hbb

!'b-!b-!+b(+b," '+b-%%,bb,-(+2Ib"-b",b'b
,(+b-"/"-2Hb!'b-!b%+'+b-%%,bb
,-(+2Ib"-b",bb(''-b-"/"-2Hb-(+",b-(%b2b-!b-!+b+b(/+b!+Kb,-(+",b2b
%+'+,b+b"'b!)-+b<Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
(+b,-(+",b2b-!b-!+Ib-!bW-!+Xb0!(b-%%,b-!b,-(+2b'bb'2b1)+-Ib.-!(+"-2Ib
.+.Ib(+b).'"-b0"-!bb/%.%b,-(+2b-(b,!+Hb!b,-(+2-%%+b(,b'(-b!/b-(bb-!b
," '-b-!+Ib)+(,,(+Ib(+b"',-+.-(+Hb!b,-(+2-%%+b'b/'bb'(-!+b%+'+Hb
!b"&)(+-'-b-!"' b",b'(-b0!(b-%%,b-!b,-(+2b.-b-!-b-!b%+'+,b%",-'b'b-!b,-(+2b
-!,Hb

?G
CD?BIC81B9>7
G?B;C


-+bb+"b"'-+(.-"('Ib-!b%+'+b%",-',b-(bb,-(+2b-(%b2b-!b-!+b(+b'(-!+b
.-!(+"-2Hb!'b-!b%+'+b&2bb "/'b-!b())(+-.'"-2b-(b-%%bb(&)+%b,-(+2Hb!b
0!(%b-"/"-2b-!'b',b0"-!bb+"b+)b(b-!b)("'-,b&b"'b-!b,-(+2Hb

-85>
D?
D5<<
CD?B95C
D?
<51B>5BC

,b,-(+",b2bb-!+b-(b"+-%2b+%-b0!-b2(.b+b-!"' b-(b-!b1)+"',b(b
%+'+,Hb%%b,-(+",b-(Jb

&(',-+-b-!b))%""%"-2b(+b"&)(+-'b(b0!-b",b"' b-. !-Hb

"/b('+-b"',-',b(b-!b,.#-b&--+Hb

.&'"3bb,.#-b2b,!(0"' b"-,b-,b('b)()%b-!b%+'+b+,b(.-Hb

'(.+ b'b&(-"/-b%+'+,b-(b(/+(&b"".%-",Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
*5<<
CD?B95C
D81D
1@@<I
D?
<51B>5BC

%%b,-(+",b-(b%+'+,b"'bb02b-!-b'(.+ ,b-!&b-(b-!"'$b!(0b-!b,-(+",b))%2b-(b
-!"+b%"/,Hbb

H1=@<5
?6
1
CD?BI
2I
1
D51385B

(%')-&
)!+!)!(

!b1&)%b,!(0'b!+b
(&,b+(&bb(.+,b('b
%+,!")Hbb,bb)"-.+b(b
'",b0!(b-%%,bb,-(+2b(.-b
%"' b2b1&)%Hb

+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b

+-".%-b+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

+b",b0!-b,!b,2,Jb
)6<;

@,(9:
(.6

>(:
30=05.
05
6:;65
(5+

;662
;/,
:<)>(@
;6
>692
,=,9@
+(@


5,
65+(@
>/,5

>,5;
05;6
(92
!;9,,;
:;(;065
0;
>(:
30;;,9,+
>0;/
5,>:7(7,9B
5,>:7(7,9:
,=,9@>/,9,

:;,77,+
6=,9
(96<5+
(5+
;/96<./
;/,
7(7,9
)<;

*,9;(053@

+0+5;
3662
(;
0;

!;(5+05.
56;
;66
-(9
-964
4,
>(0;05.
-69
/0:
;9(05
>(:
(
40++3,(.,+
4(5
,
>(:

366205.
(96<5+
(;
;/,
4,::
(5+
;/,5
3662,+
+6>5
(;
/0:
-,,;
,
),5;
+6>5
70*2,+
<7

:64,
6-
;/,
5,>:7(7,9
(5+
;662
0;
;6
;/,
;9(:/
,
+0+
;/0:
(
-,>
;04,:
<5;03
/0:
;9(05

(990=,+

-;,9
/0:
;9(05
>(:
.65,
(5+
;/,
:;(;065
/(+
8<0,;,+
+6>5
(
)0;
(
@6<5.
>64(5
65
;/,

73(;-694
),5;
+6>5
(5+
70*2,+
<7
:64,
5,>:7(7,9
(;
/,9
-,,;
(5+
;662
0;
;6
;/,
;9(:/

"/,5
(
@6<5.
4(5
+0+
;/,
:(4,
;/05.
05(33@
>,
>,9,
(33
05
;/,
(*;
@
;/,
;04,
4@
;9(05

(990=,+
;/,
:;(;065
3662,+
79,;;@
.66+B(5+
;/,
;9(:/*(5:
>,9,
-<33

%6<
256>

>65+,9
0-
;/(;
4(5
/(+
(5@
0+,(

>6<3+
),
;,3305.
;/0:
:;69@

@,(9:
3(;,9
69

;/(;
/,
/(+
/(+
:<*/
(5
,--,*;
65
4@
30-,
<;

;/052
0;
033<:;9(;,:
:64,;/05.
()6<;

3,(+,9:/07
;/(;
>,
;,5+
;6
-69.,;
"/(;
0:
3,(+,9:/07
0:
56;
1<:;
>/(;
7904,
4050:;,9:
(5+

:
+6
)<;
3,(+,9:/07
0:
/6>
>,
3,(+
6<9
30=,:
,=,9@
+(@
(5+
/6>
>,
(--,*;
6;/,9

7,673,

/+2b-"&b b)%2b-!",b,-(+2b"'bb%,,+((&Ib,-.'-,b,b" -"' b'b0!",)+"' b'b

"/b"-b-!"+b+)-b--'-"('Hb.!b",b-!b)(0+b(b,-(+",Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
*I@5C
?6
CD?B95C

.,-b(.-b'2b$"'b(b!.&'b,-(+2b'bb.,b-"/%2b"'b_%+'"' a)+(/"b"-b",b
+%/'-b-(b-!b,.#-b'b))+()+"-b(+b-!b%+'+,Hb+b+b,(&b-!-b!/b)+(/'b
-!&,%/,b(/+b-!b),-b0b&"%%''"Jb

5B?
CD?B95C

+(b,-(+",Ib,(&-"&,b%%bW0+b,-(+",IXb-%%b!(0b'b(+"'+2b)+,('b0"-!b0!(&b-!b
%+'+b'b"'-"2b(/+&b(,-%,b%"$b-!(,b"' b-!b%+'+Hb!b!+(b-+".&)!b
2b))%2"' b$'(0% b'b!/"' b(++-%2Hb,.%%2b-!b!+(b",b-!b,-(+2-%%+Hb!b
,-(+2b-(%b2b'",b",bb!+(b,-(+2Hb
!b!+(b,-(+2b",b,b(%b,b,-(+2-%%"' Hb+(&b)+!",-(+"b&)"+,b-(b-!b%-,-b,"'-""b
('+',Ib!+(b,-(+",b!/b'b-(%Hb.!b!+(b,-(+",b(%%(0bb&"%"+b)--+'Jb"+,-b
0b&-b-!b!+(b'b%+'b(.-b-!b,--"' Hb!'b-!b!+(b'(.'-+,bb!%%' b'b",b
,-2&"b2b"-,b"".%-2Hb!b!+(b-!'b"',b(+b/%(),b,-+' -!b-!-b'%,b-!b!+(b-(b
(/+(&b-!b"".%-2Hb!b!+(b)+("-,b+(&b-!b1)+"'Hb

!b!+(b,-(+2b",b ((b(+b "/"' b%+'+,b(.+ b-(b-$b('b"".%-b-,$,b'b(+b

,. ,-"' b!(0b-!b,.#-b-!2b+b,-.2"' b0"%%b!%)b-!&b(/+(&b"".%-",Hb.!b
,-(+",b+b)().%+b"'b.,"',,Ib)(%"-",Ib+%" "('Ib0++Ib'b(-!+b(&)%1b!.&'b
'/(+,b(+b0!"!b%+'+,b'b'(.+ &'-b-(b))%2b0!-b-!2b+b%+'"' Hb
!b!+(b,-(+",b+b%,(b ((b(+b&(-"/-"' b%+'"' b(b"".%-b&-+"%Hb,b-!&b-(b
"%%.,-+-b!(0b))%2"' b-!b,.#-b(b%+'"' b,/b-!b2Hbb

"?F5
CD?B95C

(/b,-(+",b('+'b-!b0(("' b'b0"''"' b'b-!b!))2b/+b-+b(b-0(b)()%Hb
(/b,-(+",b&" !-b,&b'b(b-!"' b-(b"'%.b"'b_%+'"' Hb(0/+Ib%(/b,-(+",b+b
'(-b#.,-b-!b)+(/"'b(b!$,)+b'b 'b
.,-"'Hb!2b+b'(-b%"&"-b-(b(%%20((b
+(&'-"b(&",Hb (/b,-(+",b'b-%%b!(0bb,%,b+)+,'--"/b0('b-!b-"(',b'b
).+!,b(++,b(bb+%.-'-b.,-(&+Hb -b'b-%%b!(0bb,"'-""b-!(+2b0('Ib%(,-Ib'b
-!'b+ "'b/(+b&(' b-!b,"'-""b(&&.'"-2Hb

!b,-+.-.+b(b-!b%(/b,-(+2b",b&3"' %2b(',",-'-Jb
b&-,bHb
b).+,.,bIb.-bb
+,",-,Hb
b0"',bHb
b'bb+$b.)b.,b(bb,"%%2b&",-$b2b
b(+b-!b-+!+2b(bb
+"/%Hb
b'bb -b$b-( -!+b'b%"/b!))"%2b/+b-+Hbb

,b%(/b,-(+",b-(b"%%.,-+-b-!b"&)(+-'b'b"".%-2b(b0"''"' b%(2%-2Ib-+.,-Ib
+,)-Ib'b(&&"-&'-Hb,b-!&b-(b)("'-b(.-b-!b+ "%"-2b(b!.&'b+%-"(',!"),Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
9C1CD5B
CD?B95C

",,-+b,-(+",b/"/"%2b('/2b-!b' -"/b(',*.',b(b"%.+b-(b))%2b$'(0% b
(+b-(b!/b(++-%2Hbb

(.-b"/b-"&,bb2+Ibb/"0+,b"'b-!b'"-b--,b+b-+-b-(bb",,-+b
&"'",+",Hb
%-!(. !b-!b",,-+,b!' b+(&b+-!*.$,b-(b-"%b0/,b-(b&-(+,b-(b

(%')-&
)!+!)!(

!.++"',Ib-!b)%(-b",b1-%2b-!b,&Jb!b!+(b)+"-,b",,-+Hb
++( '-b,.)+"(+,b
" '(+b-!b!+(Hb",,-+b(.+,Hb!b!+(b,/,b&,,,b(b)()%Hb
++( '-b,.)+"(+,b
)+",!Hb!b!+(b-!'b,/,b!",b(+b!+b&"%2Hbb

%-!(. !b-!",b)--+'b",b-((b&%(+&-"b(+b(.+b).+)(,,Ib"-b(,b,. ,-b,(&b
%&'-,b-(b"'%.Ib,.!b,b" '(+b0+'"' ,b(+bb!/"(+b%"' b-(bb",,-+Hb(+b
_%+'"' Ib0b&$b%+b-!-b))%"-"('b(b-!b$'(0% b'b,$"%%,b0b+b-!"' b
(.%b!/b)+/'-b-!b",,-+Hb

8!$)5(8*8)$8'$*#8 #3bb(.+,b(+b)+(,,"('%b)"%(-,Ib "',b0"-!bb,-(+2b(.-b

!(0bb)%'b+,!b.)('b-$(Ib$"%%"' b"/b('b(+a%%b.,b-!b+0b" '(+b-!b
)(-'-"%b/+,b-,b(b +(.'b""' bO"++-""' H +H',H (/^(.+,,H!-&%PHb!b


8!$%8)!).8
#!.((b(.+,b "',b0"-!b,-(+",b'b,--",-",b(b-!b& b
.,b2b,%()b"%.+,Hb

*B175495C

"$b-!b",,-+b,-(+2Ib-!b-+ 2b",bb)+.-"('+2b-%Hb -b(.,,b('b-!b-"(',b(b'b
"'"/".%Ib+-!+b-!'b('b).%"b(',*.',Hb

!b)--+'b(b-!b-+ 2b",b0%%b,-%",!Hb+(&b").,b-(b +b-(b-!b!.+",b(b%%b

-+-b (,Ib0b!+b-!b,&b,-(+2Hb!b)--+'b",b-!",Jb!b!+(b(,b ((b0(+$,Ib.-bb
%0b%,b-(b",,-+Hb!b!+(b+ +-,b-!b%0Hb(&-"&,b-!b!+(b+(/+,b'b
,(&-"&,b'(-Hb(+b_%+'"' Ib-!b%0b-!-b%"-,b-!b!+(b",b.,.%%2b" '(+'b(b-!b
$'(0% b0b0"%%b('/2b(+b-!b%$b(b-!b,$"%%b0b0"%%b-!Hb

+ ",b+b(&&('b"'b,%,b-+"'"' Hb!"+b ",-b",bW b"'V-b%+'b'b,,'-"%b

$'(0% b(+b,$"%%b'b%(,-bb" b,%b,bb+,.%-HXb.!b,-(+",b+b/+2b-"/b.,b
-!b)+,('%b(',,"('b(b'b.-!(+"-2b" .+b-!b%+'+b+,)-,b+.,b+,",-'b+(&b
-!b%+'+V,b (HbW b"-b(.%b!))'b-(b2(.Ib b .,,b"-b(.%b!))'b-(b&HXb
,b-+ ",b"'b&.!b-!b,&b02b2(.b0(.%b.,bb",,-+b,-(+2Ib.-b.,b-!&b(+b
,.#-,b-!-b+b))%"b2b-!b"'"/".%b%+'+Hbb

9C3?F5BI
CD?B95C

!b",(/+2b,-(+2b+%-,b!(0b-!b,-(+2-%%+b "'b/%.%b"'," !-,Hb -b",b,"&"%+b-(b-!b
!+(b,-(+2b1)-b-!-b-!b)("'-b",b"'b-!b,-(+2-%%+V,b1)+"',b'b0!-b-!2b-. !-Hb
.!b,-(+",b&)!,"3b-!b,"'-""b+$-!+(. !,Ib)+,('%b"'," !-,Ib'0b)+,)-"/,Ib
(+b%-+b--"-.,b-!-b+,.%-b+(&b.'1)-b1)+"',Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
!b)--+'b",b-!",Jb!b!+(b,-+-,b(.-b-(b(&)%",!bb-,$Hb!b!+(b'(.'-+,b
"".%-",b'b",b,-2&"Hb!b!+(b(&,b+.,-+-b(+b'(.+ Hb!b!+(b&$,bb
",(/+2b&(+b"&)(+-'-b-!'b-!b(+" "'%b-,$Hb
,b",(/+2b,-(+",b-(b-!b-!b"&)(+-'b(b%+'"' b2b",(/+2b'b-!b'b-(bb
()'b-(b'0b1)+"',Hb!2b+bb ((b02b-(b"'-+(.bb)+"'")%b(+b(')-b-!-b-!b
%+'+b&" !-b'(-b"&&"-%2b)-Hb!b",(/+2b,-(+2b).-,b-!b"b"'-(b('-1-b'b
"&&"-%2b&(',-+-,b"-,b/%.Hb -b&$,b-!b"b+%b'b+(.,,b.+"(,"-2b(.-b"-Hb

>4
=1>I
=1>I
=?B5


,b2(.b+b'(/%,b'b,!(+-b,-(+",Ib,b2(.b0-!b&(/",b'bIb-$b'(-b(b-!b,-(+",b
2(.b1)+"'Hb(-b-!"+b)%(-,b'b(',"+b0!-!+b2(.b'b.,b-!&b,bb,",b(+bb
,-(+2b"'b2(.+b_%+'"' Hb

!Ib2b-!b02Ib-!,b,&b-2),b(b,-(+",b0(+$b(+b,-(+",b-(%b2b%+'+,Hb

5CD
@B13D935C
6?B
CD?B95C
2I
1
D51385B

!b-"/',,b(bb,-(+2_,!+"' b-"/"-2b)',b('b-!b,-(+2b'b!(0b"-b",b-(%Hb+b
+b,(&b ."%"',b-(b"&)+(/b,-(+",b-(%b2b-!+,b'b-!(,b2b%+'+,b-((Hb

*5<<
56653D9F5
CD?B95C

!-b&$,bb ((b,-(+2b(+b_%+'"' Mb!+b",b'(b& "b(+&.%Ib.-b-"/b,-(+",b
(b,&b-(b,!+b,(&b!+-+",-",Hb

"H-.),3H#-H,#&Hb -b&2bbb(&)(,"-b(b,/+%b1)+"',b(+b/'bb)+%Ib
.-b"-b,(.',b'b%,b-+.b-(b%+'+,Hb

"H-.),3H#-H#'*),.(.Hb -b&$,bb/%.%b)("'-b'b",b)-b-(b-!b,.#-b-b!'Hb -b
"+-%2b!%),b(&)%",!b-!b%+'"' b(#-"/Hb

"H-.),3H#-H-"),.H(H )/-Hb/+2-!"' b"'b-!b,-(+2b('-+".-,b-(b"-,b(#-"/Hb 'b
_%+'"' Ib,-(+",b,!(.%bb(.-b('_-!"+b(+b('_!%b-!b%' -!b(bb,-(+2b-(%b"'b-!b
%,,+((&Hb

"H-.),3H#-H,'.#Hb!b+,.%-b",b'(-b%+b.'-"%b-!b'Hb
'b%+'+,b0'-b-(b$'(0b
!(0b-!b,-(+2b',Hb

H,H)/.H."H",.,-Hbb!/bb!+(b0b'b"'-"2b0"-!Ibb/"-"&b0b'b
,2&)-!"3b0"-!Ibb/"%%"'b0b'b,)",Ib'b(-!+,b0!(b&$b.,b%b#(2Ib+Ib(+b
' +Hb!b0(+,-b+-"('b-(bb,-(+2b",bW!(b+,MXb

"H-.),3.&&,H,-Hb!b,-(+2b",b-(%b0"-!b&(-"('Hb!b,-(+2-%%+V,b%"' ,b(+b
/'-,b'b!+-+,b+b'(-b!"'Hb!b/("b",b0%%b&(.%-b'b+!2-!&"%Hb

"H'),&H#-H&,Hb!b%+'+b(,b'(-b!/b-(b,$IbW!-b0,b-!b)("'-MXb!b)("'-b
(b-!b,-(+2b",b.''-%2b%+Hb+b-!b,-(+2-%%+b,--,b"-b1)%""-%2Hb(&-"&,b(-!Hb
(.b'b+(+b&.%-")%b&(+%,b'b-!'b+.,b-!b,&b,-(+2b(+b"+'-b).+)(,,Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
&?<9C8
D85
D5<<9>7

%%b-!b,-(+2b0%%Hb+-"('b",b'(-b-!b (%Ib.-b+""%"-2b'b%+"-2b+Hb

)"H-.),3.&&,-b-(b).-b'-!.,",&b'b&(-"('b"'-(b-!"+b/(",Hb!+,b-!b
-%%"' Hb&&+Ib-!b (%b",b-(b,(.'b+"%Ib'(-b)+(,,"('%Hb





#'H ),H-#(,#.3Hb
b)+(,,"('%b'++-(+b'b,(.'b-((b)+-Hb--+bb0b*(b'b

(%')-&
)!+!)!(

(b"'bb+"%b/("b-!'bb)+-%2b)(%",!b'.'"-"('Hb

+/#,H!))H0)#H+/&#.3Hb(+b'b"-b-!b/("b+.%%2Hb b&(-"('b",b'b
"&)(+-'-b(&)(''-b(b-!b,-(+2Ib2(.b0"%%b+*."+b!" !+b."(b*.%"-2b-!'b"b2(.b
0+b#.,-b+%-"' b-,Hb

)H().H-..&H ),H."H #,-.H.%Hb(b -bb ((b+(+"' b+(&bb!,"-'-b,-(+2-%%+Ib
!/b-!b,-(+2-%%+b+)-%2b-%%b-!b,-(+2Hb,b0!-/+b+.,b0(+$,Ib,.!b,bW(++2Ib
b(+ (-b-(b).,!b-!b(+b.--('HXb"-!b!b-%%"' b-!b,-(+2b -,b,!(+-+b'b&(+b
-(b-!b)("'-Hb,.%%2b-!b-!"+b/+,"('b",b-!b,-b('Hb

5F5<?@
D85
CD?BI

(b2('bb+_(',b-%%"' b(bb,"&)%b,-(+2Hb

")1H."H H) H."H-.),3.&&,Hb"(b",b'(-b',,+2Ib.-bb ((b*.%"-2b)!(-(b
0"%%b!%)b-!b%",-'+b"& "'b-!b)+,('Hb(.b&" !-b/'b,!(0bb,+",b(b-!+b
+)-"' b)!(-( +)!,Ib!b",,(%/"' b"'-(b-!b'1-Hb '2b/"0+,b0"%%b
+&&+b"-b,b/"(Hb

&&/-.,.H."H-.),3Hb
b'0,))+b%"))"' ,b'b(-!+b&-+"%,b-(b%,!b(.-b-!b
,-(+2Hb!b,-(+2b'b-!.,b(&b)+-b(bb%+ +b,b,-.2Hb

*,HH-#(!&H)'*&2H-.),3H.",)/!")/.HH&--)(Hb%%b-!b,-(+2b"'b)",(,Ib
+(.,"' b.+"(,"-2b'b."%"' b,.,)',Hb

HD5>4
CD?B95C
2I
1
D51385B

b'b"'+,b-!b+!b'b)(0+b(b,-(+",b2b(&"'"' b-!&b0"-!b(-!+b-2),b(b
-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
CD?B95C
2I
1
D51385B
G9D8
?D85B
13D9F9D95C

-(+2-%%"' b2b"-,%b",b,%(&b,.""'-b-(b(&)%",!b'b&"-"(.,b%+'"' b(#-"/Hb
(',"+b,(&b(&"'-"(',b-!-b%%2b-!b,-(+2b0"-!b(-!+b-"/"-",Hb

(%%(0b-!b1)+"'b(b%",-'"' b-(bb,-(+2b0"-!b'b"'/"--"('b-(b-%%bb(&)+%b
,-(+2bO)Hb9@<PHb

'-+%/b,-(+",b0"-!b)+,'--"(',bO)Hb>APb'b+"' ,bO)HbA;Pb('b'b,-+-b,.#-Hb
!b,-(+",b+&"'b%+'+,b(b-!b)+-"%b))%"-"('b'b/%.b(b-!b,-+-b
"'(+&-"('Hb

b
 



(%')-&
)!+!)!(



'$!$
-
(!$


b

+b'2b"".%-b-"/"-2b0"-!bb,-(+2b-!-b"%%.,-+-,b-!b/%.b(b(/+(&"' b
(,-%,b'b-!b/%.b(b0!-b0"%%bb%+'Hb

,bb,-(+2b-(b%.'!bb+,+!b-"/"-2bO)Hb9A>PIb0!+"'b-!b%+'+b -!+,b
$ +(.'b"'(+&-"('b(.-b-!b-%%+b(b-!b,-(+2b(+b-!b+%-b/'-Hb

"/b%+'+,b())(+-.'"-",b-(b))%2b-!b&(+%b(b-!b,-(+2b"'bb &b(+b,"&.%-"('Hbb

'(+)(+-b,-(+",bO)Hb98=Pb"'-(b,b,-.",bO)Hb9=:Pb'b+(%_)%2"' b-"/"-",bO)Hb<?>PHb
!b,-(+2-%%+b'bbb$2b" .+b"'b-!b,b.'+b,-.2b(+b'b"& "'+2b!+-+b"'b
-!b+(%_)%2"' b,'+"(Hb-(+2_-%%"' b-"/"-",b'b%,!b(.-bb+(%_)%2"' b-"/"-2b
0!'b2(.b(b'(-b!/b'(. !b%+'+,b-(b"%%b%%b-!b+(%,Hb

5C97>
CD?B95C2I1D51385B
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

)-.+b'b,!+b,-(+",b2b1)+-,b'b.-!(+"-",b0"-!"'b-!"+b)+(,,"('%b
'-0(+$,Hb

(&&'-b('b,-(+",b,b-!2b+b"' b-(%b/"bb$b!''%bO)Hb<>APHb

",.,,b-!b,-(+2Jb!-b"b-!b&"'b!+-+b(b+" !-b(+b0+(' Mb!-b0,b-!b
&(+%Mb(0b'b0b))%2b-!b&(+%Mbb

('-+".-b+%-b,-(+",JbW&"',b&b(b-!b-"&bLHXb

5C97>
CD?B95C2I1D51385B
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

",-'b-(b,-(+",b-(%b2b1)+-,b"'b-!b"%Hb!b1)+-b'b-%%b-!b,-(+2b"'bb('-1-b
+%/'-b-(b-!b,-(+2Ib)+!),b/'b-!b('b0!+b-!b,-(+2b(.++Hb

)-.+b'b,!+b,-(+",b2b1)+-,b"'b-!b"%Hb

"
*(&)

'%"'b"%b-+"),b-$b%+'+,b('b.-"('%b1.+,"(',b-(b)%,b
0!+b-!2b'b(,+/b('+-b1&)%,b(b0!-b-!2b+b
%+'"' Hb 'b('/'-"('%b.-"('Ibb (%( 2b,-.'-b&" !-b-$b
b!"$b-!+(. !bb'2('b-(b1&"'b/+"(.,b+($b%2+,Ib(+b'b+-b
,-.'-b&" !-b/","-bb&.,.&b-(b,b-!b)"'-"' ,Hb 'b_%+'"' Ib
-!b,&b,-.'-,b&" !-b-(.+b'b('%"'b+)+,'--"('b(b-!b
'2('b(+b,+!b1!""-,b"'bb/"+-.%b&.,.&Hbb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
2?ED
695<4
DB9@C

"%b-+"),b-$b.,b-(b.-"('%b1&)%,b'b"'-+" ."' b",)%2,Hb!b,,'-"%b,)-b(b
-!b"%b-+")b",b'(-b0%$"' b+(&b1&)%b-(b1&)%Ib.-b"'b1&"'"' b-!b1&)%,b'b
,"' b+%-"(',!"),b&(' b-!&Hb"%b-+"),b%-b.,b/","-b&.,.&,Ib)+$,Ib--%"%,Ib


!",-(+"b'" !(+!((,Ib3((,b'b +'!(.,,Ib+!(%( "%b" ,Ib&'.-.+"' b)%'-,Ib

(%')-&
)!+!)!(

'b'"'-b+."',Hb

-85>
D?
EC5
695<4
DB9@C

-b%+'+,b(.-b(b-!b/"+-.%b%,,+((&Hb'b-!&b('bb/"+-.%b"%b-+")Hb,b-!&b
0!'/+b2(.b0(.%b+(&&'bb+%b"%b-+")Ib.-b,!.%b'b. -b,2b'(Hb,b
"%b-+"),b-(Jb

!(0b!(0b(')-,b-. !-b"'b-!b(.+,b+b))%"bO(+b&",))%"Pb"'b-!b+%b0(+%Hb

+(/"b,,b-(b&'2b('+-b1&)%,Hb

/%b1&)%,b"'b('-1-Hb

+"'-b%+'+,b"'bb'0b'/"+('&'-b(+b,2,-&Hb

'(.+ b",(/+2b(b-+',b'b)--+',Hb

*I@5C
?6
695<4
DB9@C

!+b+b-0(b&"'b-2),b(b('%"'b"%b-+"),Jb

/#H.)/,-Ib0!"!b+b)+.,b"'bb)+-+&"'b(++Hb."b-(.+,b-$b.,b-(b
)!2,"%%2b,)+-b1&)%,Hb."b-(.+,b'bb,%_"+-b(+b"',-+.-(+_%b'b
'bb('.-b%"/b(+b)%2b$b+(&bb+(+"' Hb

/-/'-bO)Hb99APIb"'b0!"!b-!b%+'+b",b0!+b-(b (b'1-Hb .,.&,b(%%-b
1&)%,b"'b('b)%Hb 'b&.,.&,Ib%+'+,b'b(&)+b1&)%,b'b",(/+b
+%-"(',!"),Hb

E9454
D?EBC

!b ."b-(.+b(+"'-,b-!b%+'+b"'bb/"+-.%b(+b+%b'/"+('&'-Hb!b ."b-(.+b'b
b.,b-(b%b%+'+,b-!+(. !b'b('%"'b+)+,'--"('b(bb+%b'/"+('&'-Ib,.!b,b
-!"' b-!b%2(.-b(b*.")&'-b"'b-!b2b(b'b&.%'Ib-!b-0",-,b'b-.+',b(bb
+"/+b!''%Ib(+b-!b,*.'b(b+($b,-+-b"'bb&(.'-"'b+' Hbb

'(-!+b)().%+b ."b-(.+b"'-+(.,b'b"'-+-"/b(&).-+b,2,-&Ib,.!b,bb
(&).-+b))%"-"('Ibbb,"-Ib(+b'b_%+'"' b(.+,Hb -b(,b'(-b-!b!(0b-(b()+-b
-!b,(-0+Ib.-b(,b "/b'b(/+/"0b(b"-,b,-+.-.+b'bb)+/"0b(b"-,b)"%"-",Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
H1=@<5
?6
1
7E9454
D?EB

!b(%%(0"' b ."b-(.+b"'-+(.,bb+)(,"-(+2b(b%+'"' b+,(.+,Hb!b%+'+b'b
&+$b('b-!b-(.+b+(&b'2b) b2b%"$"' bb)/,b.--('bO-b-!b(--(&b(b-!b&"'b
0"'(0PHb%"$"' b-!b)/,b.--('b",)%2,b-!b"+,-b,-()b('b-!b-(.+b'b()',bb
,)+-b-(.+b0"'(0b-!-b .",b-!b%+'+b-!+(. !b-!b-(.+Hb!b%+'+b%"$,b('b-!b
2.b.--('b-(b/'b-(b-!b'1-b,-()Hb+b+b-!b,('Ib-!"+Ib'b(+-!b,-(),Jb

b b

b b

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

(%')-&
)!+!)!(

b
."%-b.,"' b
(b+&0/+b'b
-"/b+/+b ,Hb+)!",b
+-b0"-!b
(b!(-(,!()Hb

(-"b-!-b-!b-(.+b,+",b-!b,-()b'b,. ,-,b1)%(+"' b"-a%"$b ("' b,!(+b+(&bb

+.",b,!")Hb!b%+'+b'b%02,b+#("'b-!b-(.+b2b%"$"' b('b-!b*&3b.--('Ib0!"!b
+,-,b-!b.'+%2"' b0"'(0b-(b-!b.++'-b,-()b"'b-!b-(.+Hb-!+b.--(',b%,(b "/b-!b
%+'+b!(",Hb,0#)/-b%-,b-!b%+'+b+-.+'b-(b-!b)+/"(.,b,-()Ib'b#,-.b+,-+-,b-!b
0!(%b-(.+b+(&b-!b "''"' Hb

-b-!b'b(b-!b-(.+Ib%+'+,b+b+-.+'b-(b-!b)("'-b0!+b-!b-(.+b,-+-b'b+b
"/'bb+"b,.&&+2b(b0!-b-!2b,0Hb

?G
7E9454
D?EBC
G?B;

2)"%%2Ib-!b%+'+b,-+-,b-!b-(.+b2b%"$"' b('bb.--('b(+b%"'$b"'bbb,"-Ib
(&).-+b)+( +&Ib(+b_%+'"' b(.+,Hb!",b-"('b)(),b.)b-!b-(.+b0"'(0Hbb

!b%+'+b "',b-!b-(.+b"'b+',-b-+bb+"b"'-+(.-"('Ib0!"!b,--,b-!b).+)(,b
'b,.#-b(b-!b-(.+Hbb

-b!b,-()b('b-!b-(.+Ib)+-"''-b-.+,b(b'b1!""-Ib(#-Ib(+b%(-"('b+b)("'-b
(.-Hb 'b,(&b-(.+,Ib/'"' b-(b-!b'1-b,-()b.-(&-"%%2b",)%2,b-!b"-&b",.,,b
-b-!-b,-()b(b-!b-(.+Hb 'b(-!+,Ib-!b%+'+b+"/,b"',-+.-"(',b('b!(0b-(b'/" -b-(b
"'b-!b'1-b,-()Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b

b

-b-!b'b(b-!b-(.+Ib-!b%+'+b,,bb,.&&+2b(b-!b!" !%" !-,b(b-!b-(.+Hb

-85>
D?
EC5
1
7E9454
D?EB

,b ."b-(.+,b-(b(+"'-b%+'+,b"'b'b'/"+('&'-Ib."%"' Ibb,"-Ib(&).-+b
)+( +&Ib(+b_%+'"' b(.+,Hb+(/"bb*."$b ."b-(.+b(+b-!(,b0!(Jb

H.)H-H."H#!H*#./,H ),H!..#(!H&)-.H#(H."H.#&-Hb,b-!b ."b-(.+b-(b
0%$b%+'+,b-!+(. !bb(&)%1b)+(.+b(+b,$"' b-!&b-(b)+(+&b"-b('b-!"+b
(0'Hb

/-.H1(.H(H)0,0#1Hb(+b1&)%Ib,%,b+)+,'--"/,b'b-(b$'(0b'(. !b-(b
&(',-+-bb)+(.-b'b"-,b/'- ,Ib.-b(b'(-b!/b-"&b-(b%+'b-(b()+-b"-Hb

#&&HH#(0)&0H1#."HH*,)/.H/.H1#&&H().HH)*,.#(!H#.Hb!,b&" !-b"'%.b
&' +,b(b-!b()+-(+,Ib)+(,)-"/b.2+,b(bb)+(.-Ib'b)+(.-b+/"0+,b-((b
%32b-(b-.%%2b.,b-!b)+(.-Hb

,b ."b-(.+,b-(b!%)b)()%b1)%(+bb)%b-!2b''(-b/","-b"'b)+,('Hb!b)%b
/","-b'bbb+%b%(%b(+b'b"& "'+2b('Hb,b ."b-(.+,b0!'b-!b%(%b",Jb

))H ,H13Hb(b-+/%b-(b-!b+%b%(%b0(.%bb1)',"/b'b-"&b(',.&"' Hb

))H-*,H)/.Hb
b"%b-+")b'b"'%.b,-(),b"'b ("%Ib (,(0Ib ('-+%Ib .&"Ib
('-b+%(Ib'b -+()(%",Hb!b('%2b"++b",bb&(.,b%"$Hb

))H(!,)/-Hb.%+b+"-"('Ib+ &'--"('b +',Ib'b(,&"b+2,b''(-b
)'-+-b-!b(&).-+b,+'Hb

'!#(,3Hb(0b(.-b-$"' b%+'+,b-(bb)%b0!+b"&)(,,"%b-!(+",b+b+%b
'b%-+'-b+%"-",b)+(&"'-Mb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
,1B91D9?>C
?6
7E9454
D?EBC


)-b ."b-(.+,b-(b2(.+b,-2%b(b_%+'"' b'b2(.+b-!'(%( 2Hb

&5BC?>1<
DB1F5<
491B95C


b,"&)%+b(+&b(bb ."b-(.+b+,&%,bb)+,('%b-+/%b"+2b"%%.,-+-b0"-!b



,'),!(-,Hb.!b-(.+,b'b)+,'-b'b"'"/".%V,b1)+"'b(bb,.#-b"'bb"+-b'b

(%')-&
)!+!)!(

"'-+,-"' b02Hb

!",b1&)%b"'-+(.,b
%+'+,b-(b-!b (%( 2b(b-!b
($2b (.'-"'b+ "('Hb -b
+(.'-,b'b.-(&("%b-+")b
'(+-!0+b%(' b-!b$_-(_
$b!" !02b"'b(%(+(Hb
!b,-()b(',",-,b(b'b
''(--b)!(-( +)!b(bb
/",-b(+b+(b.-Hb

b
bb-(.+b"'/(%/,b&(/&'-b-!+(. !b)!2,"%b
%(-"(',Ib2(.b&2b0'-b-(b," 'b-!b ."b-(.+b,(b
%+'+,b'b-$b"-b%(' Hb!-b02Ib%+'+,b'b
++-b-!b-(.+b'b1)+"'b"-b(+b-!&,%/,Hbb

!",b/+,"('b(b-!b$_-(_$b-(.+b0,b," 'b-(b
)%2b('bb&("%b/"Hb
'b%+'+,b(.%b!((,b-(b
%",-'b-(bb+(+"' b(b-!b",)%2b-1-Hbb
b
b
b
b
b
b
b
b
(-!b1&)%,b."%-b0"-!b
(b+&0/+Hbb
"0b1&)%,b-b!(+-('H(&^%^Hb
b

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
-52
D?EBC
9>
1>
?><9>5
=55D9>7

'b('%"'b&-"' ,Ib2(.b'b('.-b ."b-(.+,b(bb,"-,b'b(-!+b%-+('"b&"b
.,"' bb-(.+,b(+b))%"-"('b,!+"' bO)Hb<;@PHb'b,.!b-(.+,Ib%+'+,b0-!b-!b
%(-"(',b/","-b2b-!b-!+Hb 'b(-!+,Ib-!b-!+b-$,b%+'+,b-(bb%(-"('b0!+b
-!2b'b1)%(+b('b-!"+b(0'Hb

*?EBC
?6
9=179>1BI
G?B<4C

-b%+'+,b1)%(+b/"+-.%b%(%,Hb+(/"b-(.+,b(b"& "'+2b0(+%,b'b(b)!2,"%b
(#-,b-!2b(.%b'(-b-(.+b"'b+%"-2Hb+b+b,(&b1&)%,b(b"& "'+2b-(.+,Hb

"H"/'(H)3Hb0"&b-!+(. !b+-+",Hb,b-!b")!+ &b(+bb-+&)(%"'Hb"$%b
-!b.''2b('Hb


(H#'!#(,3H.)1(b0"-!b1-%2b('b1&)%b(b/+2b+!"--.+%b,-2%Ib$"'b(b%"$b
+'"%b"%% bO000H!& /H(+ ^/"%% PIb.-b&(+b,(Hb


H0b-!+(. !b%%b-!b&#(+b$"',b(b+($,b(.'b('b+-!Hb

"H.)'Hb.b"/b-!(+(. !b%-+('b%(.,b'b-(.!b(0'b('b-!b'.%.,Hb
(+bb&'.Ib+-bb,!&-"b&)b(+b,'b('-"'"' b%%b-!b-.+,b2(.b'b-(b
",)%2Hbb

5CD
@B13D935C
6?B
7E9454
D?EBC


b ((b-(.+b%/,b%+'+,b1"-Ib,-","Ib'b('"'-b-(b'/" -b('b-!"+b(0'Hb

.H&,(,-H2*&),H)$.-H) H#(.,-.Hb -b%+'+,b%"$b('b'b(#-b-(b'%+ b"-b(+b-(b

",)%2b(&&'-+2b(.-b"-Hb -b%+'+,b,%-b&(' b/+"(.,b/"0)("'-,b-bb,-()HH
%+%2b% b-"/"-",Ib-!-b",Ib)%,b0!+b-!b-(.+",-b'b(b&(+b-!'b#.,-b%(($b'b
+Hb
,,.H-.)*-H1&&Hb%%b%+'+,b0!-b-!2b,!(.%b'(-"b('b-!b-(.+Hb-!+0",Ib-!2b
&2b%"%b(+b(&b",-+-b2b%%b-!b)+--2b)"-.+,Hb(+b!b,-()Ib1)%"'b0!-b-!b
,'b,!(0,Hb!-b+b-!b'&,b(b-!b(#-,b,!(0'Mb+(&b0!-b"+-"('b",b-!b,'b
/"0Mb!-b"'b)+-".%+b",b," '""'-b(.-b-!b(#-,b,!(0'b"'b-!",b,-()Mb b-!'"%b
('"-"(',b)+&"-Ib(',"+b)+(/""' b-!b'++-"('b2b'b.-!(+"--"/b/("b,b0%%b,b"'b
-1-Hb

")1H-*.#&H,&.#)(-"#*-Hb b-!b,)-"%b+%-"(',!"),b&(' b(#-,b('b-!b-(.+b+b

"&)(+-'-Ib!%)b%+'+,b,b-!b+%-"(',!"),Hb/+%)b-!b,-(),b,(b-!-b-!b'1-b,-()b",b
/","%b-b-!b b(b-!b.++'-b,-()Hb!(0b(-!b,-(),b('bb2(._+_!+b&)Hb
'bb
,.+b-(b"'%.b'b(/+/"0b&)b,!(0"' b%%b-!b,-(),b"'b-!b ."b-(.+Hb
()/,!H&,(,-H.)H2*&),H)(H."#,H)1(Hb/b%+'+,b1)%(+b-!b," !-,b-b!b
,-()Hb. ,-b-!"' ,b-(b%"$b('Hb )b(.-bb,"b-+")b(+b-0(Hb -b%+'+,b)"$b(+b," 'b
-!"+b(0'b-(.+,Hb+(/"b'b(/+/"0b&)b'b %%+2b+(&b0!"!b%+'+,b'b)"$b
,-"'-"(',b"'b'2b(++b-!2b!((,Hbb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
%H-#H2/,-#)(-H- Hb b-!+b",b'2b' +b-!-b%+'+,b0"%%b0'+b-((b+b"%Ib
"'%.bb$)#(H.)/,b.--('b-(b+,.b-!&Hb+Ib,-+-b" +,,"(',b02b+(&b-!b-(.+b"'bb
,)+-b0"'(0b,(b-!-b-!b&"'b-(.+b0"'(0b+&"',b('b-!b,+'Hb

("),H"H-.)*H1#."HH0#-/&Hb(+b!b,-()Ib",)%2bb(&)%%"' b/",.%b"& Hb -b

,!(.%bb--+-"/Ib.-b"-b",b&(+b"&)(+-'-b-!-b"-b%+%2b(&&.'"-b-!b&"'b"b(b


-!b,-()Hb

(%')-&
)!+!)!(

*H."H.)/,H )/-Hb
b-(.+b",b'(-bb-.-(+"%Ibb%)b"%"-2Ib(+b'b"',-+.-"('b&'.%Hb
b
-(.+b)+(/",bb+(b(/+/"0b(b!(0b-!b)",b"-b-( -!+Hb

,9BDE1<
=EC5E=C


b&.,.&b",b'b(+ '"3b(%%-"('b(b1!""-,b -!+b"'b('b)%Hb1!""-,b(',",-b(b
"'(+&-"/b(#-,Ib,.!b,b)"'-"' ,b2b/'b( !b(+b-!b,$%-('b(bb_1Ib''(--b
0"-!b+%/'-b-,Hb
b/"+-.%b&.,.&b",b&.!b-!b,&Ib1)-b-!-b-!b)%b0!+b
(#-,b+b -!+b",b'(-bb."%"' b&b(b +'"-b'b&+%b.-b'b('%"'b,)b
/"0b-!+(. !bb+(0,+Hb

b/"+-.%b&.,.&b",b&.!b%"$bb ."b-(.+b1)-b-!-b-!b%+'+b",b!(0b-(b
'/" -b-!b&.,.&Hb"+-.%b&.,.&,b+b%,(b%%b7(8"*(*"(I87"*(*"(Ib
+')*!8!!'(Ib$#!#8"*(*"(Ib'b$#!#8!!'(Hb"+-.%b&.,.&,b!/b'b.,b-(b
,!(0,b(#-,b,b"/+,b,b!.&'b(+ ',Ib)"'-"' ,b2bb,('_ +b%,,Ib'b
"+,"$',,b ,Hbb

H1=@<5
?6
1
=EC5E=

+b2(.b,bb,&%%b&.,.&b(b
&"'+%,Hb -b('-"',b)"-.+,b(b
&"'+%,b'b"'(+&-"('b(.-b
-!&Hb
b%+'+b'b)"$bb&"'+%b
2b))+'b(+b2b'&b-(b#.&)b
-(b-!b1!""-b(b-!-b&"'+%Hb
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
-"/b
+/+b ,Hb
b

b




(%')-&
)!+!)!(



'$!$
-
(!$


b

!b"'"/".%b1!""-b,!(0,bb
,"' %b&"'+%Hb -b%,(b)+(/",b
-!'"%b-"%,b(.-b-!b
&"'+%Ib%(' b0"-!bb+"b
,+")-"('b(b"-Hb

!b2.b'b,0#)/-b.--(',b-$b-!b/","-(+b(+0+b'b$0+b-!+(. !b%%b-!b
&"'+%,b"'b-!b&.,.&Hb!b-.H),1,b.--('b,-+-,b/'"' b-!+(. !b-!b1!""-,b
-bb+-b(b(.-b,"1b,(',b)+b1!""-Hb!",b",b%%b*)$(###bOb('%"'b!)-+b9=b
(+b&(+b(.-b'/" -"('HPHb!b.)*b.--('b,-(),b('b-!b.++'-b1!""-Hb "' b-!+(. !b
-!b1!""-,b",b.,.%b"b-!b/","-(+b'b+( '"3bb&"'+%Ib.-b(,b'(-b$'(0b0!-b"-b",b
%%Hb

%"$"' b('b-!b,"b.--('b%-,b
-!b/","-(+b,+!b(+b&"'+%,b
-!-b&-b,)""b!+-+",-",Hb

b
b

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
?G
F9BDE1<
=EC5E=C
G?B;

"+-.%b&.,.&,b%-b%+'+,b+-b-!"+b(0'b-(.+,b'b",)%2,Hb!b%+'+b,)"",b
0!-b$"',b(b1!""-,b+b,"+Ib'b-!b&.,.&b&$,b-!&b/"%%Hb

(%')-&
)!+!)!(

b

-+b1&"'"' b-!b -!+b1&)%,Ib-!b%+'+b&2b*."-b(+b('-"'.b0"-!b'(-!+b
,+!Hb

-85>
D?
3B51D5
1
F9BDE1<
=EC5E=

.,.&,b(+ '"3b%+ b'.&+,b(b,)+-b(#-,b"'-(b&'"' .%b(%%-"(',Hb
.,.&,b+b.,.%b-(Jb

,)0#b,,b-(b&'2b('+-b"',-',b(b(#-,b+(&bb"%b"' b,-."Hb

(&b%+'+,b-(b",(/+b)--+',b'b-+',b&(' b,)+-b(#-,b'b"',-',Hb

%H0#&&b-!b+-"-,b(bb"%b(b'/(+a(+b(b'b(+ '"3-"('b'  b"'b
-!-b'/(+Hb
'b.'"/+,"-2b&).,,Ib%+'b)+(,,(+,b%-.+b(.-b,.#-,b-!-b-!"+b%",-'+,b
''(-b/",.%"3Hb
,-+-"(',b+&"'b%(.,Ib '-%2b%(0"' b02Hb
b&.,.&b(b
('+-b"',-',b(b0!-b-!b)+(,,(+b",b-%$"' b(.-b0(.%b+"' b-!b,-+-"(',b
$b-(b+-!Hb

/+2b2b.,2b(&)'",b0"-!b+(0b(",b'b+&)b",$b+"/,b+!"/b-!"+b
!",-(+2b0"-!b-!b%-b$2Hb+,b%-+Ib-!"+b%+,b0('+b0!2b&)%(2,b!/b'(b
,',b(b-!b-+"-"('b(+b!+"- b(b-!b +-b(&)'2b-!2b0(+$b(+Hb
b&.,.&b",bb +-b
02b-(b)+,+/b'b(+ '"3b-!b+-"-,b(b'b(+ '"3-"('V,b(+&-"/b2+,b'b)"b
,-+. %,Hb b&b'(-b,. ,-"' b2(.b1!""-b-!b!"+(,b0(+'b"'b9A@;b2b-!b.++'-bb(+b
/"(b%"),b(b&++,,"' b"'"'-,b-b%,-b2+V,b!+",-&,b)+-2Hb(Ib-!b,-b.,b(b-!b
/"+-.%b&.,.&b0"%%bb-(b",)%2b!(0b-!b(+ '"3-"('b (-b0!+b"-b",b-(2b'b0!2b
+-"'b-+"-"(',b1",-Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
5CD
@B13D935C
6?B
F9BDE1<
=EC5E=C

!"'$b(.-b2(.+b%,-b/","-b-(b'b+-b&.,.&Hb%(,b2(.+b2,b'b"& "'b2(.+,%b
0%$"' b-!+(. !b('b(b-!b %%+",Hb!-b(b2(.b,Mb"'b+-Ib(+b,.+Ib.-b0!-b(.-b
-!b)()%b2(.b,Mb(b2(.b,bb,!.,!"' b-!+b!+"' bb  %b(b " %"' b-!"+_
++,Mb(b+-b,-.'-,b+(&b-!b%(%b.'"/+,"-2b%' ."%2b,$-!b-!b1!""-,b-0'b
-+"),b-(b-!b,)+,,(b+Mb(b)+'-,b0"-!b!"%+'b"'b-(0b,",-)b+(.'b-!b)+"&-+b
(b-!b+((&Ib.-".%%2b+"' b-!b)%*.,b(b/+2b)"'-"' Mb .,.&,b+b)%,b0!+b
&'2b"+'-b$"',b(b)()%b'b%+'b&'2b"+'-b-!"' ,b"'b&'2b"+'-b02,Hb
+b+bb0b,. ,-"(',b-(b'%b#.,-b,b&'2b$"',b(b%+'"' b"'b2(.+b/"+-.%b
&.,.&,Hb

/.H&,(,-H#(H)(.,)&Hb -b%+'+,b!((,b-!b1!""-,b-!2b0'-b-(b,Hb."b-!&b
-!+(. !b-!b(%%-"('Ib.-b%-b-!&b"b0!"!b1!""-,b-(b/"0b'b0!"!b(#-,b-(b
,-.2b"'b-"%Hb
#0H*,#0.H.)/,-Hb
b/"+-.%b&.,.&b!,b'(b"1b%((+b)%'Ib'(b)+&''-b++' &'-b
(b1!""-,Ib'(b%"&"--"(',b('b/"%%b,)Hb!b.,b(b,+!b' "',b'b-,,b
&$,b"-b)(,,"%b(+b%+'+,b-(b!/b'b1)+"'b.,-(&_-"%(+b-(b-!"+b"'"/".%b
',Hb+b+b,(&b02,b-(b.,-(&_-"%(+b-!b",)%2Hb

",)%2b#.,-b-!b,.,-b(b"'-+,-b-(b-!b"'"/".%b%+'+Hb


++' b-!b1!""-,b-(b+/%b-+',b'b)--+',b(b"'-+,-b-(b-!b%+'+Hb

'+-b.,-(&b&),b'b&'.,b-!-b+/%b0!-b-!b%+'+b",b"'-+,-b"'b
%+'"' Hb
.H&,(,-H'%H."#,H)1(H.)/,-Hb -b%+'+,b,+!b-!b&.,.&b(+b1-%2b0!-b-!2b
0'-b-(b,b+" !-b'(0Hb(b'(-b(+b-!&b-(b)%(b-!+(. !b-!b0!(%b (./+b"b%%b-!2b
0'-b-(b,b",b-!b ('b ",Hb+b+b,(&b02,b-(b&$b"-b,"+b(+b/","-(+,b-(b"'b-!b
1!""-,b-!2b0'-b-(b,Jb

.&)!HH '1H-!b0!(%b&.,.&Hb+(/"bb('/'-"('%b%)!-"%b"'1b%",-"' b
!b(#-b"'b-!b&.,.&b2b"-,b'&b'b2b0!-b"-b"%%.,-+-,Hb

(/-Hb+(/"b,/+%b&'.,b-!-b%-b%+'+,b,+!b2b0!-/+b!+-+",-",b+b
"&)(+-'-b-(b-!&Hb(+b1&)%Ibb(+)(+-b!",-(+2b&.,.&b&" !-b('-"'b&'.,b
(+ '"3b2b-"&b)+"(Ib2b.++'-b)+(.-b%"'Ib2b.'+%2"' b-!'(%( 2b(+b
&+$-Ib'b2b-!b)+,('b"'b!+ Hb

#-/&H!&&,3Hb -b%+'+,b)"$b(#-,b2b,''"' b-!.&'"%b"& ,b(b%%b(#-,b('b
1!""-Hb
%,(b%-b-!&b +3b-!b",)%2b2b!/"' b"-b.-(&-"%%2b/'b+(&b"-&b
-(b"-&b-bb+-b(b(.-b('b)+b,('b.'-"%b-!b%+'+b,2,IbW-()Ib-!-V,b-!b('b b
0'-HXb

#(%H%31),-Hb
,," 'b$20(+,b-(b!b1!""-b"-&b-(b,+"b"-Hb -b%+'+,b
,+!b(+b"-&,b"'1b0"-!bb)+-".%+b$20(+Hb
%,(b",)%2b-!b$20(+,b('b

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b
!b1!""-Hb $b-!&b%"'$,b,(b-!-b%"$"' b('b('b",)%2,bb%",-b(b(-!+b"-&,b
"'1b0"-!b-!-b,&b$20(+Hb

,"H3H",.,#-.#-Hb '%.bb,+!b' "'b-!-b%-,b%+'+,b"'b1!""-,b2b
,)"2"' b-"%b!+-+",-",b(b-!b"-&b,(. !-Hbb
b&'2b)-!,b-!+(. !b-!b&.,.&b+b)(,,"%Ib,. ,-bb,"&)%b('Hb+Ib)+(/"bb-(.+b



O)Hb99;Pb('.-b2bb('-Hb

(%')-&
)!+!)!(

>D57B1D5
=EC5E=C
9>D?
5<51B>9>7

'+"' bb/"+-.%b&.,.&b('b2(.+b(0'b&2bbb)%,'-b02b-(b0!"%b02b'b
-+'(('Ib.-b"-b",b'(-b.-(&-"%%2bb%+'"' b1)+"'Hb+b+b,(&b-"),b-(b"'+,b
-!b%+'"' b-!-b-$,b)%b"'b-!b %%+",b(b2(.+b&.,.&b'b-(b&$b-!b&.,.&bb
)+-b(b2(.+b(/+%%b_%+'"' b(+-,Hb

,.HH&,(,B-H.)/,H) H."H'/-/'Ib)("'-"' b(.-b-!b %%+",b'b1!""-,b(b
"'-+,-b-(b%+'+,b"'b2(.+b(.+,Hb!b ."b-(.+b'b-!b%+'+,b-(b,+!b'b
'/" -b-!b&.,.&b('b-!"+b(0'Hb

,.H,-,"H.#0#.#-b-!-b+*."+b%+'+,b-(b"'b"'(+&-"('b'b1&)%,b"'bb
&.,.&Hb"/b%+'+,b-,$,b-!-Ib(+b1&)%Ib+*."+b-!&b-(b,+!bb/"+-.%b
&.,.&b(+b1!""-,b(bb)+-".%+b-2)b'b",(/+b!(0b-!2b+b+%-Hb/' +b
!.'-b-"/"-",bO)Hb9A@Pb+b,)"%%2b ((b02,b-(b&(-"/-b,+!"' b"'bb&.,.&Hb

, .H!/#G,-,"H.#0#.#-bO)Hb:88Pb-!-b.,b-!b&.,.&V,b,,-,b,b+,(.+,Hb

,!(#4H-*#&#4H.)/,-b-!+(. !b1!""-,b-(b+/%b)--+',b'b-+',b2(.b+b
-!"' Hb


--#!(H&,(,-H.-%-b-(b"'b+%/'-b(#-,b(b)+,('%b"'-+,-Hb

)'#(HH'/-/'H1#."HH*,-(..#)(HO)Hb>APH),H,#(!HO)HbA;Pb,(b-!b&.,.&b
)+(/",b('+-b"',-',b(b-!b-!(+2b)+,'-b"'b-!b+"' b(+b)+,'--"('Hb+b
-!b)+,'--"('b(+b+"' b)+(/",b&(+b$ +(.'b'b-"%,b(.-b"'"/".%b
&.,.&b1!""-,Hb

5CD
@B13D935C
6?B
695<4
DB9@C

!-!+b2(.b+b.,"' b ."b-(.+,Ib&.,.&,Ib(+b,(&b(-!+b(+&b(b"%b-+")Ib2(.b'b
-(b&$b,.+b"-b/',b%+'"' Hb+b+bb0b,. ,-"(',Hb

(5AE9B5
<51B>9>7

*."+b,)""b%+'"' b(.-(&,Hb $b-!b"%b-+")b&(+b-!'bb/-"('b02b+(&b
-!b+,)(',""%"-",b(b%+'"' Hb"/b%+'+,b,)""b,," '&'-,b-!2b&.,-b(&)%",!b
('b-!b"%b-+")a(#-,b-!2b&.,-b"'Ib)--+',b-!2b&.,-b'(-"Ib(+b)+"'")%,b-!2b
&.,-b"'+Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
>3<E45
1
F1B95DI
?6
=5491

'+"!b2(.+b&.,.&b0"-!b(-!+b&"b,b0%%Hb+b+b,(&b'"-,Hb

((H)/'(.-Hb+"'-b/+-",&'-,Ib(/+,b(b''.%b+)(+-,Ib+-"%,b(b
"'(+)(+-"('Ib-!b"+,-b,-($b+-""-Ib'b+"-"%b)-'-,Hb

#)H&#*-b) H#'*),.(.H0(.-Hb)!,Ib-!'"%b)+,'--"(',Ib)+(.-b
&(',-+-"(',Ib1)+"&'-,Ib)+(.-b-,-,Ib0+b)+,'--"(',Ib'bb(&&+"%,Hb


/#)H,),#(!-Hb)!,Ib)+,'--"(',Ib'b#"' %,b+(&b(&&+"%,Hb

#,./&H,&#.3;b (%,b(b)+(&"''-b(+b)+()(,b."%"' ,Ib0%$+(.',b(b
"&)(+-'-b(#-,Ib'b(')-.%b&(%,b(bb"%b(b+,+!Hb

*5<<
G81D
9C
9=@?BD1>D

" !%" !-b-!b,)-b(b-!b1!""-b-!-b",b"&)(+-'-b(+b-!b%+'+b-(b'(-"Hb +'+,b&2b
",(/+b-!b"&)(+-'-b)("'-b('b-!"+b(0'Hb+b-!2b&2b'(-Hb!2b-$b!',Mb 'b(.+b
('%"'b(%%-"('b(b ((b1&)%,b(b_%+'"' Ib0b"'%.bb%",-b(b"&)(+-'-b-.+,b-(b
'(-"Hb

>>?D1D5
5H8929DC
D8?B?E78<I

%b"-&,b2(.b1!""-Hb+(/"b('",b.-b-!(+(. !b-"%,b(+b!b"-&b('b1!""-Hb
+b",bb!$%",-b(b-!b$"',b(b-"%,b)()%b&2b0'-b-(b$'(0Hb(b"'"/".%b"-&b
0"%%b'b%%b-!,b-"%,Ib.-b-!",b!$%",-b0"%%b&$b,.+b2(.b(',"+b%%b)(,,""%"-",Hb

'Hb '%.b(-!b(""%b'b.'(""%b'&,Hb '%.b-!b(+&%Ib% %Ib,"'-""b
'&b(b'b(#-b%(' b0"-!b"-,b"'(+&%b(&&('b'&Hb

-,#*.#)(Hb!-b",b-!b(#-Mb!-b(,b"-b1&)%"2Mb!2b",b-!b(#-b('b1!""-b
!+Mb!-b",b"&)(+-'-b(.-b"-Mb

H(/',Hb!-b",b-!b)+(.-b'.&+Ib&(%b'.&+Ib(+b,+"%b'.&+b(b-!b"-&Mb

#'(-#)(-Hb!-b+b-!b(#-V,b!" !-Ib0"-!Ib)-!Ib0" !-Ib+Ib'b/(%.&Mb

,.),Hb!(b",b+,)(',"%b(+b+-"' b-!",b(#-Mb ",-b-!b%b," '+Ib+-",-Ib'b
)+(#-b&' +Hb "'$b-(b-!"+b"( +)!",Ib"b/"%%Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

.Hb!'b0,b-!b(#-b&'.-.+Ib(&)%-Ib(+b",(/+Mb b2(.b''(-b
"/bb,)""b-Ib(',"+b,)"2"' bb-"&b,)'Ib!",-(+"b+Ib(+b (%( "%b)+"(Hb

#/'Hbb0!-b&-+"%,b",b-!b(#-b(',-+.-Mb!-b+b"-,b"&)(+-'-b
(&)(''-,Mb

1(,Hb!(b(0',b-!b-.%b(#-Mb!(b!(%,b()2+" !-b('b"-,b," 'Mb



#-.),3Hb(0b'b0!'b0,b-!b(#-b('"/Ib+-Ib'b&(""Mb!-b",b"-,b

(%')-&
)!+!)!(

)+(/''Mb

&--# #.#)(Hb(,b-!b(#-b"-b"'-(bb"'b-1('(&"b,!&Mb(,b"-b"-bb
,-'+b"'.,-+2b- (+2Mb(,b"-b"%%.,-+-b'b+-",-"b(+b," 'b&(/&'-Mb

.#(!Hb(0b(,b-!",b(#-b(&)+b-(b(&)+%b(#-,Ib,b+-b2b-!b.+-(+b(b
-!b&.,.&Ib2b'b"'.,-+"%b+-"' b '2Ib(+b2b&.,.&b)-+(',Mb

&-Hb b-!b(#-b",bb)+(.-Ib!(0b&'2b0+b,(%b'b(+b!(0b&.!b&('2Mb

,#Hb b-!b(#-b",b(+b,%Ib0!-b",b"-,b)+"Mb

31),-Hb(0b",b-!b(#-b"'1Mb "'$b!b$20(+b-(b(-!+b(#-,b"'1b
0"-!b-!b,&b$20(+Hb

#(%-H.)H.#&-Hb "'$b-!b''(--"('b(b-!b(#-b-(b&(+b(&)%-b&-+"%,b(.-b"-Hb

"5D
<51B>5BC
38??C5
G81D
D?
4?G><?14

."b-(.+,b'b&.,.&,b'b('-"'bb%(-b(b%+ b +)!",b'b&.%-"&"Hb!",b",b
))+()+"-b-(b-!"+b&",,"('Hb!-b",b'(-b))+()+"-b",b-(b"%b-(b0+'b%+'+,b(+b
,-+-"' bb%' -!2b(0'%(Hb+b+b,(&b(&&('_,',b(.+-,",b-(b)+-"Hb

,0#1H."H)$.Hb,+"b-!b(#-b"'b0(+,b(+b",)%2bb,&%%b-!.&'"%b"& Hb
!'b%-b-!b%+'+b"b-(b(0'%(b"-Hb

*# 3H."H-#4b(b-!b(0'%(Hbb

)(-#,H*,)0##(!H)."H"#!"GH(H&)1G(1#."H0,-#)(-Hb(+b1&)%Ib(+bb
)!(-( +)!Ib2(.b&" !-b)+(/"bb%+ b b"& b()-"&"3b(+b*.%"-2Ib%(' b0"-!bb
,&%%+b/+,"('b()-"&"3b(+b&1"&.&b(&)+,,"('Hb

"5D
<51B>5BC
9>C@53D
9D5=C
9>
45D19<

-b%+'+,b'%+ b)!(-( +)!,b-(b"',)-b"-&,b(b"'-+,-Hb $b-!b"& b(b'b1!""-b
"'-(b'b"& _&)b0"-!b!b(#-b%"'$b-(b"-,b'%+ &'-Hb+Ib(/+%2b-!b"%%.,-+-"('b
0"-!bb +"b(b+-' .%+b+,Ib!b-+" +"' b-!b",)%2b(b'b'%+ &'-b(b-!-b
+Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
HD5>4
695<4DB9@
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b"%_-+")b-"/"-",b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
695<4
DB9@C
G9D8
?D85B
13D9F9D95C


+(/"bb,!(+-b)+,'--"('bO)Hb>APb-(b)+/"0b-!b"%b-+")b2b-%%"' b%+'+,b0!-b
-!2b0"%%b1)+"'b('b-!b"%b-+")Hb

+bb)+,'--"('b('b-!b,.#-b+b(b-!b-+")Hb!b)+"'")%,b'b-+&"'(%( 2b
',,+2b-(b+( '"3b'b.'+,-'b"-&,b'(.'-+b('b-!b"%b-+")Hb

/b%+'+,b-+2b-(b"'b-!b'1-b%(-"('b('b-!"+b(0'Hb!",b&$,b-!b"%b-+")b&(+b
%"$bb &b'b'(.+ ,b"')''-b%+'"' Hb

/b%+'+,b.,b,+!b-(b"'b)%,b('b-!b"%b-+")Hb


bb,/' +b!.'-bO)Hb9A@Pb-(b'(.+ b%+'+,b-(b"'b"&)(+-'-b"'(+&-"('b
.+"' b-!b"%b-+")Hb

5C97>
695<4DB9@
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

$bb"%b-+")b,bb +(.)Hb
-b!b,-()Ib-!b +(.)b",.,,,b",(/+",b'b0!+b-(b
(b'1-Hb

+-b-(.+,b2b"' b)-!02,b-(b1",-"' b('%"'b"%b-+"),Hb+b+-b'0b"%b-+"),b
&(' b('%"'b&-+"%,Hb

+-b"%b-+"),b(b)!2,"%b%(-"(',Hbb +'+,b'b)-.+b)!(-(,b(+b/"(b(b,"-,b
0"-!"'b-!b%(-"('b'b+(+b/("b'++-"('b(b-!b-(.+Hb!2b&2b%,(b)-.+bb
-+$,b-(b",)%2b('b&),b(+b-(b'%b(-!+,b-(b-$b-!b)!2,"%b-(.+Hbb


,$b*.,-"(',Ib&$b(&&'-,Ib -b/"Ib+)(+-b)+(%&,Ib+)(+-b",(/+",Ib'b
)('+b-!"+b",(/+",b0!"%b('b-!b"%b-+")Hb

'!'b-(.+,b0"-!b)+,('%b(&&'-+2Ib,. ,-b)-!,Ib'b%"'$,b-(b+%-b
+,(.+,Hb

5C97>
695<4DB9@
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

","-bb)!2,"%b,"-Ib,.!b,b'b+-b&.,.&Ib+($b*.++2Ib+!(%( "%b" Ib!",-(+"b
'" !(+!((Ib--%"%Ib(+b(-!+b%(-"('b0!+b-!2b'b,b+%/'-b1&)%,Hb

b(&&'-+2b(+bb)!2,"%b"%b-+")b-+" +b2bIb+b(Ib(+b bO)Hb=98PHb


,,b(&&'-+2b'b$ +(.'b"'(+&-"('Ib/'b"b('%2b+(&b"$")"Hb

b
 '$!$
-
(!$



(%')-&
)!+!)!(





b

$
"%)$
K

)E==1BI


,(+b-"/"-",b)+(/"b"'(+&-"('b-(b%+'+,Hb 'b
,(+b-"/"-",Ib%+'+,b+Ib



%",-'Ib'b0-!Hb 'b0%%_," 'b
,(+b-"/"-",Ib%+'+,b%,(b(',"+Ib,%-Ib

(%')-&
)!+!)!(

(&"'Ib#. Ib'b)+(,,b"'(+&-"('Hb
,(+b-"/"-",b(&b"'b,/+%b(+&,Hb+b",b
0!+b2(.b&" !-b.,b!Jb

,-(..#)(-H (b)+(/"b"'(+&-"('b(+b-(b"'-+(.bb,.#-Hb+,'--"(',b+b
,)"%%2b.,.%b0!+b2(.b'b(+ '"3b"'(+&-"('b"'bb%+b
'b%( "%b,*.'Hb

#(!-H (b'%b%+'+,b-(b).+,.b,.#-,b"'b +-+b-"%Hb"' ,b

&$b ((b.,b(b1",-"' b(.&'-,b-(b+('b-!b,()b(b
_%+'"' b'b-(b%-b%+'+,b.,-(&"3b%+'"' b-(b-!"+b"'"/".%b
"'-+,-,Hb

.),#-H3HH (b,!(0b-!b!.&'b"&',"('b(bb,.#-b2b,!(0"' b!(0b"-b

.",H -b-!b%"b(b-!b-!+Ib'b1)+-Ib(+b,(&('b%,b
+,)-b2b-!b%+'+Hb-(+",b-(%b2b-!b-!+b+b
,(+b
-"/"-",Kb,-(+",b2b-!b%+'+b+b(''-b-"/"-",Hb

#&H.,#*-H (b%-b%+'+,b1)+"'bb/+"-2b(b+%_0(+%b1&)%,b-!b02b
-!2b&" !-b('bb)!2,"%b"%b-+")b(+b/","-b-(bb0%%_,-($b
&.,.&Hb

&93;
2C?B2
13D9F9D95C
D?
133?=@<9C8
?2:53D9F5C

!b(%%(0"' b#(b"b-",b-!b,"1b-2),b(b%+'"' b(#-"/,b-(b(&&('b-2),b(b
,(+b
-"/"-",Hb
%(' b-!b%-b+b-!b&"'b-2),b(b
,(+b-"/"-",b +(.)b"'-(b- (+",Hb 'b
(%.&',b+b-!b-2),b(b%+'"' b(#-"/,Hb
b"+%b-b-!b"'-+,-"('b(bb-2)V,b(%.&'b
'b'b-"/"-2V,b+(0b&',b-!-b-!b-"/"-2b",b+(&&'b(+b-!-b-2)b(b(#-"/Hb
b
%$b(-b"'"-,bb,-+(' +b+(&&'-"('Hb

b




(%')-&
)!+!)!(



'$!$
-
(!$


b
b

-),HH 3*-H) H)$.#0-H

.#0#.#-H ,.H #H )H ()1H &#0H &H
%"b,!(0b b b b
b
b
b
,-(..#)(H

!2,"%b&(b
b b
b b b b

(-0+b&(b
b b
b b b b

'(+&-"('%b b b b
b
b
b
"%&b

",.,,"('b b
b b b b
b
H -(+2b2b-!+b b b b
b
b
b

,," 'b(,Hb b
b
b b b b
#(!H

+(&b%"++2b b b b b b b
+(&b '-+'-b
b b b b b b
."b-(.+b b b b b b b
#&H.,#*H

"+-.%b-(.+b b b b b b b
'%"'b&.,.&b
b b b b b b
b

(+b!b%+'"' b(#-"/Ib"+,-b"'-"2b"-,b-2)Hb!'b"'b-!b(%.&'b-!-b&-!,b-!b
-2)Hb'b(0'b-!b(%.&'b%(($"' b(+b%$b(-,Hb(+b!b%$b(-Ib(',"+b.,"' b-!b

,(+b-"/"-2b%",-b-b-!b%-b(b-!-b+(0Hb b'('b(b-!b%$b(-,b0(+$b(+b2(.Ib-+2b-!b
()'b"+%,Hb b'('b(b-!b()'b"+%,b0(+$Ib -b+-"/Hb"-!b'(. !b+-"/"-2Ib2(.b'b
.,b'2b-!'"*.b-(b-!b'2b,.#-Hb

?B
=?B5
K

(b%+'b&(+b(.-b'2b(b-!b
,(+b-"/"-",b,+"b!+Kb,+!b-!bb(+b-!b
'&b(b-!b-"/"-2Hb b',,+2Ib"'%.b0(+,b%"$b$#!#Ib+')*!Ib'b7!'##b-(b",b
-!b+,.%-,b-(0+b%-+('"b/+,"(',b(b-!b-"/"-",Hb
!b'1-b-0(b!)-+,b,. ,-b/'b&(+b-"/"-",b-(b"'%.b"'b2(.+b_%+'"' Hb!b'1-b
!)-+b('b(b-"/"-",b0"%%b!%)b2(.b"'b&(+b-"/b)+-'+,b(+b2(.+b
,(+b-"/"-",Hb
'b!(+-('H(&Ib0b!/b&b/"%%bb0"b/+"-2b(b&-+"%,b('b)+(."' b('%"'b
(.&'-,b'b"'(+&-"('Hb%)b2(.+,%H

b

H
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

?DI@5

13D9F9D95C

b

+-"Ib",(/+2Ib'b
)%2"' b &,b
b
b
,(+b-"/"-",b+b-!b'(.',Ib-!'b(b-"/"-",b+b-!b/+,b(b%+'"' Hb!2b).-b
)()%b"'b-"('Hb!2b%/-b%+'"' b+(&b),,"/b+"' b'b0-!"' b-(b-"/b
,$"' Ib,%-"' Ib'b+-"' b$'(0% Hb("' b -,b%+'"' Hbb

%+*
%
*,*)

!"%b
,(+b-"/"-",b)+(/"b"'(+&-"('Ib(b-"/"-",b-+',(+&b-!-b"'(+&-"('b"'-(b
$'(0% b'b,$"%%,Hb 'b(b-"/"-",Ib%+'+,b",(/+Ib)+,Ib(Ib'%23Ib/+"2Ib
(&"'Ib(+ '"3Ib",.,,Ib-Ib/%.-Ib('',Ib+"'Ib%(+-Ib'Ib&(,-b
"&)(+-'-%2Ib))%2b$'(0% Hb

?==?>
DI@5C
?6
?
13D9F9D95C

(b-"/"-",b"'%.bb/+"-2b(b(+&,b-!-b1+",b%+'"' Jb

,.#H.#0#.#-bO)Hb9;8Pb "/b%+'+,b1)+"'b))%2"' b"'(+&-"('Ib$'(0% Ib
'b,$"%%,Hb!2b"'%.b+"%%_'_)+-"Ib!',_('Ib ."_'%2,",Ib'b-&0(+$b
-"/"-",Hb

#-)0,3H.#0#.#-bO)Hb9<>Pb%b%+'+,b-(b&$b",(/+",Hb!2b"'%.b/"+-.%b
%(+-(+",Ib,b,-.",Ib'b+(%_)%2"' b-"/"-",Hb

'-H(H-#'/&.#)(-HO)Hb9=?Pb!/b%+'+,b--&)-b-,$,b"'b,b'/"+('&'-,b'b
%+'b+(&b-!b$b-!2b+"/Hb!,b-"/"-",b"'%.b*."3b,!(0b &,Ib0(+b
&,Ib#" ,0b).33%,Ib/'-.+b &,Ib,(-0+b,"&.%-"(',Ib/"b,"&.%-"(',Ib

H
H
 



%)-&
)!+!)!(



'$!$
-
(!$


b
)+,('%_+,)(',b,"&.%-"(',Ib&-!&-"%b,"&.%-"(',Ib'b'/"+('&'-%b
,"&.%-"(',Hb
b

-85>
D?
651DEB5
?
13D9F9D95C

!+b,!(.%b0b+%2b&(,-b('b(b-"/"-",Mb(b-"/"-",b+*."+b-"/b"& "'-"('b-(b
('(-b'b1-',"/b-,-"' b-(b)+-Hb!'b",b-!",b(,-b'b(+-b#.,-""Mb-.+b(b
-"/"-",b-(Jb

+(/"b,Ib'(.+ "' b)+-"b-(b)+)+b%+'+,b-(b))%2b%+'"' b"'b-!b+%b
0(+%Hb

(-"/-b%+'+,b2b-"/-"' b.+"(,"-2b(+b&-+"%b%+'+,b&" !-b(-!+0",b
(',"+b(+"' Hb

+)+b(+b
,(+b-"/"-",b2b,!(0"' b%+'+,b!(0b%"--%b-!2b$'(0b(.-b-!b
,.#-b'b&$"' b%+b-!b/%.b(b"'(+&-"('b-!2b+b-(b,(+Hb

'%b%+'"' b2b1)%(+-"('b'b",(/+2Hb

,bb+.%Ib%+'+,b,!(.%b,)'b=8Bb(b-!"+b-"&b"'b(b-"/"-",bOA8Bb0(.%bb--+Kb
.-b=8Bb0"%%b(b#.,-b"'PHb

&(*
*,*)

+-"b!%),b%+'+,b,-+' -!'b'b+"'b,$"%%,Ib$'(0% Ib
'b--"-.,b2b))%2"' b-!&b'b+"/"' b$Hb+-"b
-,$,b(b'(-b-!b'0b"'(+&-"('Hb!2b "/b%+'+,b'b
())(+-.'"-2b-(b1+",b'0%2b*."+b"%"-",Hb

2?ED
@B13D935
13D9F9D95C

+-"b-"/"-",b+b%"$b%,,+((&b,,,"(',b"'b0!"!b,-.'-,b+b'(.+ b-(b))%2b
0!-b-!2b!/b#.,-b!+b-!b-!+b-%$b(.-b(+b0!-b-!2b!/b#.,-b+b"'bb(($Hb

-85>
D?
EC5
@B13D935
13D9F9D95C

(.b!/b)+(%2b!+b-!-b)+-"b&$,b)+-Hb+-"b+-"'%2b(,b+"'b,$"%%,b
'b,-+&%"'b)+(+&'Hb,b)+-"b-"/"-",b"'b_%+'"' b-(Jb

+)+b%+'+,b-(b))%2b,$"%%,Ib$'(0% Ib'b--"-.,b"'b+%b,"-.-"(',Hb

!b%+'+,b-(b)-b '+%Ib,-+-b$'(0% b-(b,)""Ib('+-b,"-.-"(',Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b


.-(&-b,$"%%,b'b(',(%"-b,)+-b"-,b(b%+'"' b,(b-!-b))%"-"('b",b,-+b
'b&(+b%.'-Hb

."%b('"'b"'b-!b"%"-2b-(b))%2b%+'"' Hb

+"2b-!b"%"-2b-(b))%2b%(0_%/%b,$"%%,b(+b$'(0% b(+b&(/"' b('b-(b&(+b
(&)%1b"-&,Hb 

%)-&
)!+!)!(



*I@5C
?6
@B13D935
13D9F9D95C

+-"b-"/"-",b+' b+(&b,"&)%Ib&!'"%b-"/"-",b-(b(&)%1Ib'%2-"%b
-"/"-",Hb

,#&&G(G*,.#H.#0#.#-bO)Hb9;:Pb+b-!b+)-b))%"-"('b(bb,+",b(b,"&"%+Ib
,"&)%b-,$,Hb!2b!%)b%+'+,b.-(&-b,$"%%,b'b"&)+(/b%.""-2b(b))%"-"('Hb

(-G)(H.#0#.#-bO)Hb9;;Pb%%(0b%+'+,b-(b)+(+&b-,$,b0"-!b+%b-((%,b.-b0"-!b
."'Hb!2b-!b+%b-,$,b'b!%)b%+'+,b))%2b-!(+2Hb

/#G(&3-#-H.#0#.#-bO)Hb9;?Pb%b%+'+,b-!+(. !b'b'%2,",b-,$b0"-!b,-)_2_
,-)b"',-+.-"(',Hb!2b,-+' -!'bb%+'+V,b"%"-2b-(b)+(+&bb(&)%1b( '"-"/b
-,$Hb

+-"b-"/"-",b)+(+&b2bb-&b+b(/+b"'b!)-+b@b('b,("%b%+'"' Hb

?G
@B13D935
13D9F9D95C
G?B;

+-"b-"/"-",b!/bb+.++"' b;_,-)b,*.'Hb"+,-b-!b-!+b(+b-!b(&).-+b
,," ',b-!b)+-"b-,$b-(b-!b%+'+Ib1)%"'"' b"-b"'b*.-b-"%b(+b-!b%+'+b-(b
 "'b-!b-,$b"&&"-%2Hb!b%+'+b)+(+&,b-!b-,$b'b+"/,b$b+(&b-!b
-!+b(+b-!b(&).-+Hb

b
!b2%b&2b+.+b(+b'(-!+b,-)b"'bb)+(.+b(+b(+bb,%" !-%2b&(+b/'b
(#-"/Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
B9<<1>4@B13D935
13D9F9D95C

+"%%_'_)+-"b-"/"-",b+)-%2b1+",bb,"&)%b(+b,&%%b+b(b$'(0% Hb!2b
+b%"$b-!b%,!b+,b.,b-(b-!b&.%-")%"-"('b(+bb(+" 'b%' . b/(.%+2Hbb

b+"%%_'_)+-"b-"/"-2b,-+-,b0"-!b'b"'-+(.-"('b-!-b0%(&,b%+'+,b'b
1)%"',b!(0b-!b-"/"-2b0(+$,Hb!'b%+'+,b+)-%2b,(%/b)+(%&,b'b+"/b
$b('b-!"+b,(%.-"(',Hb
-b-!b'Ib%+'+,b&2b+/"0b0!-b-!2b!/b%+'b'b
-+2b))%2"' b"-b"'bb&(+b+%",-"b,"-.-"('Hb

!",b+"%%b'b)+-"b-!,b
%+'+,b-(b+( '"3b'.-"%b
% ,b'b,,("-b-!&b0"-!b
%--+,b(b-!b%)!-Hb +'+,b
/"0bb +(.)"' b(b% ,b'b-!'b
'-+b-!b*."/%'-b%--+,Hbb
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b /+")-Hb
"0b1&)%b-b!(+-('H(&^%^Hb
b

-85>
D?
EC5
4B9<<
1>4
@B13D935

.-"('%b-!(+",-,b(b%-b!/b,(b-!(+(. !%2b('&'b+"%%b'b)+-"b-!-b"-b",b
,2b-(b%"/b-!-b-!",b&-!(b!,b'(b.,b0!-,(/+Hb(0/+Ib+"%%b'b)+-"b",b
/+2b.,.%b"'b!%)"' b)()%b&&(+"3b-,b-!-b-!2b&.,-bb%b-(b+%%b+%"%2b
0"-!(.-b!,"--"('Hb(&b1&)%,b"'%.Jb

(+" 'b%' . b/(.%+2Hb

" 'b%' . Hb

2&(%,Ib&%&,Ib'b," ',b.,b"'bb)+(,,"('Hb

)%%"' Ib +&&+Ib'b).'-.-"('b+.%,Hb

2'-1b(bb)+( +&&"' b%' . Hb
+"%%_'_)+-"b-"/"-",b+b%,(b.,.%b-(b.-(&-b)+(.+,b%+'+,b&.,-b)+(+&b
%."%2b0"-!(.-b&.!b(',"(.,b-!(. !-Hb,"b&(/&'-,b"'b,)(+-,b'b'b%%b"'-(b
-!",b- (+2Ib,b(b%%b&+ '2b)+(.+,b-!-b&.,-bb)+(+&b.'+b'(",2Ib
('.,"' b,"-.-"(',Hb
,b+"%%b'b)+-"b-(b!%)b)()%b%+'b-!b,"&)%b+.%,b'b)+(.+,b-!-b-!2b&.,-b
))%2b.'(',"(.,%2b,b)+-b(b!" !+_%/%b-"/"-",Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
,1B95D95C
?6
4B9<<1>4@B13D935
13D9F9D95C

'%"'b+"%%_'_)+-"b-"/"-",b(&b"'b,/+%b/+"-",Hb


/.)G!(,.H*,)&'-;b,b-!b(&).-+b-(b '+-b.'"*.b)+(%&,b(+b-!b
%+'+b-(b,(%/Hbb) b:?:b(+b'b1&)%b(b!(0b-!",b&" !-bb('Hb 



(,-#(!H"&&(!Hb-+-b0"-!bb,"&)%b)+(%&b-(b,-%",!bb,%"'b(b)-%b

%)-&
)!+!)!(



)+(+&'Hb!'b+-!-b.)b-!b"".%-2b(b)+-",Hb+b&(+b(&)%1b'b
"".%-b)+(%&,Hb"/b%+'+,b%,,b-"&b-(b,(%/b)+(%&,Hb
b",-+-+,b(+b'(",Hb

.-H) H*,)&'-Hb+0b"'"/".%b)+(%&,b+(&bb.%%2b/%()b+)(,"-(+2b
(b)+(%&,Hb+(%&,b'bb!(,'b-b+'(&b(+b,*.'b2b)++*.","-,b'b
)b2b-!b%+'+V,b&(',-+-b"%"-",Hb.!b'b))+(!b0(+$,b0%%b(+b
,.#-,b0"-!b,"&)%b+.++"' b-,$,Ib,.!b,b%+'"' b-!b +&&+b'b,2'-1b(bb
%' . Hb

5CD
@B13D935C
6?B
4B9<<
1>4
@B13D935

!'b," '"' bb+"%%_'_)+-"b-"/"-2Jb

)'#(H,#&&H(H*,.#H1#."H).",H&,(#(!H.#0#.#-b-(b-!b!(0b-!b+(-b
$'(0% b1+",b"'b-!b+"%%b'b)+-"b'bb))%"Hb+"%%b'b)+-"b",b
,%(&b,.""'-b"'b"-,%Hb

(,-H."H# #/&.3H&0&H-H."H&,(,H*,)!,---Hb"/b&(+b(&)%1b)+(%&,b
(+b+*."+b,-+b+,)(',,Hbb

#0H&,(,-H&).-H) H*,)&'-H.)H-)&0Hb -b%+'+,b"b0!'b-(b*."-Hb b)(,,"%Ib
," 'b-!b-"/"-2b,(b-!-b"-b'b '+-b'b"'"'"-b'.&+b(b'0b)+(%&,Hb!-b
02b-!b&-+"%b",b%02,b+,!Hb

1>4C?>
13D9F9D95C

',_('b-"/"-",b "/b%+'+,bb,&%%b)"b(b+%b0(+$b-(b)+(+&Hb 'bb!',_('b
-"/"-2Ib-!b%+'+b(&)%-,bb-,$b(.-,"b-!b%,,('Ib,.!b,b)+(+&"' bb%.%-"('b
0"-!b'b('_,+'b%.%-(+Ib"%%"' b"'bb(+&Ib(+b()+-"' bb)"b(b&!"'+2Hbb

!b!',_('b-"/"-2b .",b%+'+,b-!+(. !b-!b+%_%"b-,$b'b)+(/",b$b('b

-!"+b,.,,Hb!b-!+b(+b(&).-+b,," ',bb-,$b'b "/,b-"%b"',-+.-"(',Hb
+'+,b)+(+&b-!b)+(.+Ib!$"' b!b,-)b,b)+(+&Hb
-+bb+/"0b(b-!b
)+(.+Ib%+'+,b+)-%2b)+(+&b-!b-,$b('b-!"+b(0'Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b

!",b1&)%b-!,b-!b.,b(b-!b"'(0,b
,2,-&b%.%-(+b-(b('/+-b"&%b'.&+,b
-(b-!"+b!1"&%b'b(-%b*."/%'-,Hb

!b-"/"-2b "',b0"-!b'b"'-+(.-"('b
1)%"'"' b0!-b-!b%+'+b0"%%b(&)%",!Hb
!b0"'(0b",b,&%%b,(b-!-b-!b+,-b(b-!b
,+'b",b/"%%b(+b)+(+&"' b-!b!',_('b
-"/"-2Hb
b
+'+,b&.,-b)+(+&bb,-)b'b',0+bb
*.,-"('Hb(b',0+b-!b*.,-"('Ib-!2b&.,-b
,.,,.%%2b(&)%-b-!b,-)Hb!b',0+b
+*."+,b(,+/"' b,(&-!"' b'(-b/","%b.'-"%b
-!b,-)b",b(&)%-Hb

*."+"' b'b"'"-(+b(b,.,,b&$,b-!",bb
) %'b-,$Ib-!-b",Ib('b-!-b+*."+,b
)+(+&'b(bb)++*.","-b-,$b(+b-!b
%+'+b'b/'Hb
b(++-b',0+b+/%,b
-!b'1-b,-)b"'b-!b)+(.+Hb

+'+,b0!(b''(-b)+(+&b-!b,-)b
,.,,.%%2b'b%"$bW b'b!%)b()'"' b-!b
%.%-(+Xb-(b -b&(+b-"%b"',-+.-"(',a,b
,!(0'b!+Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

b%+'+,b&$bb&",-$Ib-!2b+"/b!%)b
--"' b$b('b-+$Hb(+b1&)%Ib%+'+,b
0!(b%"$b('bIb+-!+b-!'b-!b(++-b
',0+b2Ib,b-!b'1-b) Hb


%)-&
)!+!)!(



b
+Ib%+'+,b!/b-!+b!(",Jb-(b-+2b "'Ib
-(b (b$bb,-)Ib(+b-(b,-+-b+(&b-!b "''"' Hbb
(+b,"&)%b,-),Ib0!+b++(+,b(.+b%&(,-b
1%.,"/%2b+(&b"'--'-"('b'b+%,,',,Ib
%-b%+'+,b (b$b'b-+2b "'Hb

-+b(&)%-"' b-!b-"/"-2Ib%+'+,b,bb
,.&&+2Hb -b,+/,b,bb+/"0b,b0%%b,bb#(b
"Hb +'+,b&2b(($&+$b(+b)+"'-b-!b
,.&&+2Hbb

$b,.+b-!b,.&&+2b",b(&)-b'(. !b-(b
)+"'-b-(bb,"' %b) b(b))+Hb+b)+(/"bb
.--('b-(b#.&)b-(bb,)"%b)+"'-%b/+,"('Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b

"'%%2Ib%+'+,b-,-b-!"+b"%"-2b-(b)+(+&b-!b
)+(.+b('b-!"+b(0'Hb

!",b-,-b+*."+,b+)-b))%"-"('b(b-!b
)+(.+b-(b('"+&b'b%($b"'b-!b'0%2b
*."+b,$"%%Hb
b
b
b
b
."%-b.,"' b
(b+&0/+b'b /+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

-85>
D?
EC5
81>4C?>
13D9F9D95C

,b!',_('b-"/"-",b-(b-!b!',_('b-,$,Hb
%-!(. !b'(-b,)"%%2b-"/b"'b
-!"' b,-+-b$'(0% Ib!',_('b-"/"-",b'b)+(/"bb)%,'-b,'-b+(&b-!b
,-+-(,)!+"b!" !-,b(b(')-.%b-!(. !-b(&&('b"'b&'2b(.+,,Hb!2b+b)(0+.%b
,-"&.%"b(+b%+'"' b)+-"%b,$"%%,Hb

,1B91D9?>C
?6
81>4C?>
13D9F9D95C

b)+(+&"' b-!b-,$b(+b+%b",b-((b' +(.,b(+b.'-"' b-(b-!b%+'+Ib)+(/"bb
,"&.%-"('b-!-b&"&",b-!b%(($b'b%b(b-!b+%b,2,-&bO)Hb;;>PHb
))%"-"('b,!+"' b
O)Hb<;@Pb'b%,(bb.,b(+b!',_('b-"/"-",Hb!b-!+b&" !-b,-+-b'b))%"-"('b
'b-!'b%%b('bb%+'+b-(b&(',-+-bb-,$b(+b-!b+,-b(b-!b%,,Hb(+b-!b%+'+b
)+(+&"' b-!b-,$Ib-!",b",bb!',_('b-"/"-2Hb

5CD
@B13D935C
6?B
81>4C?>
13D9F9D95C

-H!.%*,H.-%-Hb(b('-+(%b/'&'-b-(b-!b'1-b,-)Ib,$b*.,-"(',b(.-b
-!"' ,b%+'+,b'b('%2b(,+/b2b,.,,.%%2b)+(+&"' b-!b.++'-b,-)Hb.!b
*.,-"(',b'b(.,b--'-"('b('b"&)(+-'-b)+-,b(b-!b-,$b'b('b-!(,b)+-,b(b-!b
,'b-!-b0"%%bb"&)(+-'-b"'b,.,*.'-b,-),Hb
,#(.H)/.H#(-.,/.#)(-Hb b%+'+,b&.,-b)+(+&b-!b-"/"-2b02b+(&b-!b(&).-+Ib%-b
-!&b)+"'-b(.-b-!b"',-+.-"(',b'b'2b(-!+b&-+"%,b-!2b&2b'Hb b-!2b&.,-b
+(+b-Ib "/b-!&bb))+b(+&b('b0!"!b-(b0+"-b-!b-Hb

+/#,H0#(Hb/b%+'+,b,.&"-b" "-%b)!(-( +)!,b(b-!b+,.%-,b(b'2b!',_

('b-"/"-2b-!-b)+(.,b/","%b+,.%-,Hb'b02b-(b&('"-(+b%+'"' b(b(&).-+b,$"%%,b",b
-(b+*."+b%+'+,b-(b_&"%b,+'b,'),!(-,b(b-!b+,.%-,Hbb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
E94541>1<IC9C
13D9F9D95C

'2b," '+,b%"&"-b)+-"b-"/"-",b-(b+(-b)+(.+,b'b%&(,-b&'.%b-,$,Hb
+-"b",b/'b&(+b"&)(+-'-b(+b"'-%%-.%b-,$,b-!-b+*."+b,',"-"/b))%"-"('b(b
)-"/b)+(.+,Hbb 


."_'%2,",b-"/"-",b,-)b%+'+,b-!+(. !b-!b)+(,,b(b'%23"' bb(&)%1b

%)-&
)!+!)!(



,"-.-"('Hb."b'%2,",b',0+,b('b(b-!b&(,-b"&)(+-'-b*.,-"(',b/+b,$JbW(b
0!-MXb."b'%2,",b!%),b%+'+,b-(b,)+-b.,.%b+(&b.,%,,b"'(+&-"('b'b-(b
"'+b '+%b)+"'")%,b'b('%.,"(',b+(&b,)+-Ib('.,"' Ib('+-b"',-',Hb -b
-!,b%+'+,b!(0b-(b-.+'b-b"'-(b"'(+&-"('a'b/'b$'(0% Hb

!",b1&)%b .",b
(+,-+2b)+(,,"('%,b"'b
%,,"2"' b,("%b-1-.+,b
,b('b-!b)+()(+-"(',b(b
,'Ib%(&Ib'b,"%-b"'b-!b
,("%Hb +'+,b'b'%+ b
-!b" +&b'b.,b"-b-(b
',0+b-!b*.,-"(',Hb
b

."%-b0"-!b")+"' b+,'-+Hb"0b
1&)%b-b!(+-('H(&^%^Hb

'b ."b'%2,",Ib-!b%+'+b(%%(0,bb)+(.+b-(b -!+b'b'%23b-Hb
-+b

,/+%b2%,b(b -!+"' b'b'%23"' Ib-!b%+'+b&2b,-+-bb)+"'")%b+/%b2b
-!b'%2,",b'b-,-b"-b2b'%23"' b'0b-Hb!b%+'+b&2b!/b-(b+/",b-!b
)+"'")%b.'-"%b"-b+%"%2b)+"-,b+,.%-,Hbb

-85>
D?
EC5
7E9454
1>1<IC9C

!b)+"&+2b.,b(b ."b'%2,",b",b"'b-!"' b(+&%b'%2,",b-!'"*.,Hb!b
-!'"*.b&2b"'/(%/b%.%-"' b(+b,-"&-"' b&-!&-"%b/%.,Hb+b"-b&2b"'/(%/b
,(+-"' Ib%,,"2"' Ib(+b+'$"' b"-&,b(+"' b-(b"'b)+(.+,Hb

b,('+2b.,b",b-!"' b)+"'")%,b'+!b2b-!b'%2,",b(b-Hb 'b-!",b,Ib ."b
'%2,",b1)(,,bb-+'b(+b)--+'b-!-b%+'+,b&" !-b'(-b(-!+0",b'(-"b(+b%"/Hb b
1)(,"' bb-+'b(+b)+"'")%b",b)+"&+2Ib.,bb",(/+2b-"/"-2b"',-Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
-1IC
D?
7E945
1>1<IC9C

'b02b-(b ."b'%2,",b",b-(b!/b-!b%+'+b))%2bb,)""b(+&.%b(+b)+(.+Hb
+b+bb0b&(+b&-!(,b(b'%2,",Hb!b(.,,b-!b%+'+V,b--'-"('b'b-!(. !-b
('bb"+'-b,)-b(b-!b-Hb

?=@1B5
1>4
3?>DB1CD

/%.-"' b(&)%1b-b",bLb0%%Ib(&)%1Hb'b02b(b,"&)%"2"' b"-b",b-(b ."b
%+'+,b"'b(&)+"' b%-+'-"/,Hb!b,",-b02b-(b(b-!",b"'b_%+'"' b",b-(b!/b
%+'+,b+-bb,"_2_,"b(&)+",('Hbb

'b-!",b1&)%Ib%+'+,b(&)+b-0(b
&#(+b"'1,b(b-!b,-($b&+$-,b"'b
-!b'"-b--,Hb
!b(+&b+0,b--'-"('b-(b+"-"%b
"+',b-0'b-!b-0(b"'1,Hb
-b+*."+,b%+'+,b-(b#.1-)(,b
('-+,-"' b-,b,(b"+',b+b
"',)%Hb
(b'(.+ b"')''-b-!(. !-Ib
-!b(+&b"'%.,b%'$b+(0,b0!+b
%+'+,b'b(&)+b-!b-0(b"'1,b
(+"' b-(b!+-+",-",b%+'+,b
,%-Hbb
b
."%-b.,"' b
(b)-"/-Hb"0b1&)%b-b!(+-('H(&^%^Hb b

<1CC96I
9D5=C

.!b%+'"' b"'b,"'b'b.,"',,b"'/(%/,b%,,"2"' b"-&,b"'-(b,-%",!b
- (+",Hb(b%,,"2b"-&,Ib%+'+,b,," 'b+%_0(+%b(+b'-_/"%%b(#-,b-(b
,-%",!b- (+",Hbb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

'b-!",b1&)%Ib%+'+,b%,,"2b
" '(.,b+($,b2b-!"+b-1-.+b'b
& &b-2)Hb(b%,,"2b-!b+($,b
%",-b-(b-!b+" !-Ib-!b%+'+b
+ ,b!b+($b"'-(bb(1b"'b-!b



))+()+"-b+(0b'b(%.&'Hb

%)-&
)!+!)!(



b
b
b
b
b
b
b
."%-b.,"' b
(b%,!Hb"0b1&)%b-b
!(+-('H(&^%^Hbb

!+b+b,/+%b02,b-(b!/b%+'+,b,," 'b"-&,b-(b- (+",Hb(.b'b!/b%+'+,Jb


"$b- (+",b+(&bb+()_(0'b%",-b,"b!b"-&b-(bb%,,""Hb

%-b+(&bb)"$_('b%",-b(b- (+",b-!b"-&b(.%b%(' b-(Hb

%-b+(&bb)"$_&.%-")%b%",-b-(b"'-"2b&&+,b(bb- (+2Hb

-!b"-&,b"'b('b%",-b0"-!b- (+",b"'b'(-!+Hb

+ b"-&,b-(b-!"+b- (+",b(+b- (+",b-(b-!"+b&&+,Hb

%ED<9>5
9D5=C

(,-b-!'"%b'b.,"',,b"%,b+%2b('b!"++!"%b(+ '"3-"('Hb/"' b%+'+,b
(.-%"'b"-&,b+*."+,b-!&b-(b).-b"'"/".%b"-&,b"'-(bb!"++!"%b,!&Hb!",b$"'b
(b ."b'%2,",b-!,b '+%b(+ '"3"' b,$"%%,b,b0%%b,b)+-".%+b(+ '"3-"('%b
,!&,Hbb

b




%)-&
)!+!)!(



'$!$
-
(!$


b

!",b1&)%b(b ."b'%2,",b
,$,b%+'+,b-(b(+ '"3b-!b
(%( "b)+"(,b'b)(!,b(b
-!b'(3("b+b"'-(b'b
"''-b%",-a-!b(++-b)(!b
"''-b'-!b-!b(++-b
)+"(Hb(b(b,(Ib%+'+,b+ bb
'&b+(&b-!b%-_,"b+b'b
+()b"-b"'-(b"-,b(++-b)%b"'b
-!b!"++!2b-(b-!b+" !-Hb
b
b
."%-b.,"' b
(b)-"/-Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b
'bb"%b0"-!(.-b%+Ib0%%_"'b- (+",Ib-!",b-"/"-2b&2b,-"%%bb/%.%Ib
%-!(. !b*."-b(&)%1Hb
%%(0b'(. !b-"&b(+b%+'+,b-(b!' b-!"+b&"',b,/+%b
-"&,Hb+b&$b"-bb-&b-"/"-2Hb!b",.,,"(',b(b-!b-&b'b)+(/($bb%(-b(b
-!"'$"' b(.-b- (+",b'b%,,""-"('b,!&,Hb

(53B51D5
61=?EC
5H1=@<5C

/b%+'+,b+_+-bb&(.,b1&)%b+(&b-!b+b(b,-.2Hb1&)%,b%+'+,b'b
+_+-b"'%.Jb



"'-"' ,b'b)!(-( +)!,Hb
',b+(&b&(.,b"%&,b'b)%2,Hb





+"-"' ,Hb
.,"b(&)(,"-"(',Hb





+!"--.+%b+0"' ,Hb
 "'-""b1)+"&'-,Hb


/b%+'+,b,-+-b2b+)+(."' b-!b1&)%b1-%2b,b('b(+" "'%%2Hb!'b!/b
-!&b-+2b,%" !-b/+"-"(',Hb1-b-!2b'b+)+(.b-!b1&)%Ib.-b"'b-!b,-2%b(b
'(-!+b1&)%Hb"'%%2Ib-!2b'b-+2b-(b+-b1&)%,b'-"+%2b"'b-!"+b(0'b,-2%,Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

+b%+'+,b+b!%%' b-(b+_+-bb
&(.,b)(,-+b-!2b!/b,-."Hb!2b
!/b%%b-!b)",b'b&.,-b+++' b
-!&b2b+ "' b)",b+(.'Ib+,"3"' b
-!&Ib'b%"))"' b-!&b/+-"%%2b'b



!(+"3('-%%2Hbb

%)-&
)!+!)!(



(b,b'(-!+b1&)%Ib/","-b
000H0"%%"+-H(+ ^.' ".,^b
!(&H!-&%Hb
b
b
b
b
b
b
b
."%-b.,"' b
(b%,!b'b
(b+&0/+Hb"0b
1&)%b-b!(+-('H(&^%^Hb

5CD
@B13D935C
6?B
7E9454
1>1<IC9C

?3EC
?>
D538>9AE5C
?B
@B9>39@<5C

(b'(-b(+ -b0!-b2(.b+b-!"' Hb b2(.b+b-!"' b-!b'%2,",b-!'"*.Ib
&)!,"3b-!b-!'"*.Hb /",!b--'-"('b('b!b,-)Hb Ib!(0/+Ib2(.b+b.,"' b-!b
'%2,",b-(b+/%b)+"'")%,b-!-b+b-!b+%b,.#-Ib-!'b(.,b--'-"('b('b-!b)+"'")%,b
'b$)b-!b'%2,",b,"&)%Hb b-!b)+"'")%,b+b)+"&+2Ib(',"+bb",(/+2b-"/"-2b
O)Hb9<>Pb"',-Hb

)@5>4
D9=5
1>1<IJ9>7
>?D
3?<<53D9>7
41D1

%"&"'-b.'',,+2b,-),b-!-b&2b",-+-b+(&b0!-b2(.b+b-!"' Hb b"'"' b-!b
-b",b'(-b)+-b(b-!b-"/"-2Ib)+(/"b"-b(+b%"'$b"+-%2b-(b"-Hb b%.%-"(',b+b(&)%1Ib
)+(/"bb%.%-(+bO)Hb9A:PHbb

b -!+"' b-b",b)+-b(b0!-b2(.b+b-!"' Ib(&"'b-!b ."_'%2,",b-"/"-2b

0"-!bb+,+!b-"/"-2bO)Hb9A>PHb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
)@5396I
1
6?B=1D
6?B
1>CG5BC

(.b(.%b%-b%+'+,b,.&"-b',0+,b"'b'2b(+&-b-!2b!(,Hb(0/+Ib,-+.-.+"' b-!b
+,)(',b'b(.,b--'-"('b('b-!b"b"' b-. !-b'b02b+(&b"++%/'-b-"%,Hb -b
'b%,(b,"&)%"2b/%.-"('b2b-!b-!+b'b)+!),b)+&"-b.-(&-"b/%.-"('b'b
,(+"' b2b-!b(&).-+Hb

!b&(,-b"+-b02b-(b,-+.-.+b'b',0+b",b-(b+*."+b-!b%+'+b-(b"%%b"'bb(+&Hb!b
(+&b%(0b+*."+,b-!b%+'+b-(b1)+,,b'b'b()"'"(',Hb

-b,"&)%"",b'b
(.,,b-!b)+(,,b2b
"'"' b!b",,.b,b
b,%b-0'b-0(b
1-+&b)(,"-"(',Hbb

b
-b,"&)%"",b',0+"' b2b%--"' b-!b%+'+b)"$bb)("'-b%(' b-!b,%Hb -b"'%.,b"/b
)("'-,b,(b%+'+,b+%"3b-!2b!/bb+' b(b+,)(',,Hb!b-1-b+b+*."+,b%+'+,b-(b
'b-!"+b)(,"-"(',Hb -,b,"3b,-+(' %2b'(.+ ,b-!&b-(bb+"Hb

"125<
D?
7E945
1>1<IC9C

 .b)+(&)-,b%b-(b/ .b',0+,Hb1-_"').-b+,b+b,)"%%2b"".%-b.,b
-!2b)+(/"b0b(',-+"'-,b(+b!"'-,b,b-(b-!b(+&b(b-!b',0+Hb(b!%)b%+'+,b,-2b
('b-+$Ib%%b'b,"3b-!b"%b"'bb02b-!-b"&)%",b-!b(+&b(b-!b',0+Hbb

%bb-1-b"').-b+b0"-!b"-!+bb,"&)%b*.,-"('b(+b'b"'(&)%-b,--&'-b-!-b-!b
%+'+b",b-(b(&)%-Hb!+,b-!b%%b,(b-!-b"-b+*."+,b'%2,",b-(b0+"-bb+,)(',Hb
'b-!b,,b,-."Ib.2_$b&+$-"' b)%',b"%b0!'bLHb
+,,&'-b(&)%"'-,b+b&(,-b%"$%2b0!'bLHb
!b-!+b&"'b.,,b(b+$_+(-(+b"%.+b+bLHb
"-(+,b,!(.%b.,b&+-b%.+b+-!+b-!'b.,,"'b%.+b0!'bLHb

,bb+.%Ib&$b-1-_+,)(',b+,b(.-b:=b-(b=8Bb%+ +b-!'b-!b,"3b(b-!b+,)(',b
2(.b0'-Hb (,-b)()%b0"%%b"%%b('_!%b-(b-!+_(.+-!,b(b-!b/"%%b+Hb(b'(-b
+*."+b%+'+,b-(b'-+b&(+b-!'b('b',0+b"'bb"%Hb b'b-"/"-2b!,b-!+b*.,-"(',Ib
)+(/"b-!+b-1-b(1,Ib('b(+b!b*.,-"('Hb

&B?=@D
89785B<5F5<
D89>;9>7

b%+'+,b&.,-b&$b#. &'-,b(.-b(#-,Ib)+(.-,Ib(+b",Ib-!2b0"%%b'b)+-"Hb
-'b-"/"-",b-!-b,$b%+'+,b-(b+"-"*.b'b"-&b+0b/.(.,b+,)(',,b%"$bW .,-b
+-Xb(+bW -b,.$,HXbb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
(b)+(/($b)+b+,)(',,Ib,$b*.,-"(',b%"$b-!,Jb

!-b+b-!b/'- ,b(b-!",b"-&Mb

!-b",b0+(' b0"-!b-!",b"-&Mbb

(0b'b-!",b"-&bb"&)+(/Mb

(0b'b-!",b++(+bb(++-Mb




!-b0(.%bb-!b+,.%-,b(b)+(+&"' b-!",b-"('Mb

%)-&
)!+!)!(




!-b+b-!b- (+",b(b-!,b"-&,Mb

!-b+b-!b+"-"%b!+-+",-",b(b-!",b"-&Mb

!-b('%.,"(',b'b2(.b+0Mb

!-b/"'b'b2(.b(+Mb

!-b(%%(0,b+(&bb)+"'")%Mb

!-b",b-!b)--+'b"'b-!,b"'"'-,Mb

(0b(,b2(.+b()"'"('b"+b+(&b-!(,b(b(-!+,Mb

(0b(.%b2(.b))%2b-!",b)+"'")%Mb

5CD
@B13D935C
6?B
@B13D935
13D9F9D95C

(0b!+b+bb0b,-b)+-",b(+b--+b)+-"b-"/"-",Ib+ +%,,b(b-2)Hb

"5D
<51B>5BC
453945
8?G
=E38
D?
@B13D935

'b '+%Ib.%-,b%+'b&(+b-"/%2b'b""'-%2b0!'b-!2b"b!(0b&.!b-(b
)+-"Hb(/",b&2b'b&(+b)+-"b-(b/%()b,"b,$"%%,Hb
/'b%+'+,b&2b
'b('%2b-(b++,!b(+b+"'b-!"+b,$"%%,Hb(&b0"-!b%+'"' b","%"-",b&2b'"-b+(&b
1-',"/b)+-"Hb

!",b&',b2(.b&2b'b-(b+-b&'2b)+-"b-"/"-",b'b-(b,. ,-bb&"'"&.&b
'.&+b(+b%+'+,b-(b(&)%-b(+bb-+ -b,(+b-(b!"/Ib,.!b,bW+-"b-"%%b2(.b
!"/b@=Bb(++-Xb(+bW+2b-(b+'b9I:88b)("'-,HXb

(5AE9B5
D85
B978D
C;9<<C

',.+b-!-b%+'+,b))%2b-!b,$"%%,Ib$'(0% Ib'b--"-.,b-!-b2(.b+b-!"' Hb
"'"&"3b"++%/'-b+*."+&'-,b-(b(&)%-b-!b)+-"Ib,.!b,Jb

.+%2b&!'"%b-,$,b-!-b+b'(-b)+-b(b-!b+%b-,$Ib,.!b,b-2)"' b-!"' ,b-!-b
(.%bb%"$Hbb

-!+"' b&-+"%,b'b(0'%("' b&'2b,&)%b"%,Hb-!+b%%b-!b&-+"%,b"'-(b
('bb) b(+b('b(0'%(%b"%Hb

'',,+2b&-!&-"%b%.%-"(',Hb+(/"bb%.%-(+bO)Hb9A:Pb(+b)"$b'.&+,b
-!-b,"&)%"2b-!b&-!Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
&B?F945
1ED85>D93
381<<5>75

(b'(-b(/+,"&)%"2b)+-"Hb(.b&2b0'-b-(b,-+-b0"-!b,"&)%b-"/"-",b-(b"'-+(.b
(')-,b'b."%b('"'Ib.-b(b'(-b,-()b.'-"%b%+'+,b('+('-b+%",-"%%2b"".%-b
-,$,Hb

(+b1&)%Ib"'b-!b(#8#))8')(b(.+,Ib%+'+,b0+b+*."+b-(b"'-+)+-b'--b
!+-,Hb+-"b-"/"-",b+*."+b-!&b-(b%b0"-!b!+-,b"'bb/+"-2b(b(+&-,b'b-bb
+%",-"b%/%b(b-"%Ib,.!b,b-!b(',b,!(0'b!+Jb

HD5>4
@B13D935
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b)+-"b-"/"-",b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hbb

?=29>5
@B13D935
G9D8
?D85B
13D9F9D95C

+-"b-"/"-",b'b. &'-b%&(,-b/+2b(-!+b$"'b(b-"/"-2Ib,)"%%2b
,(+b
-"/"-",Hb+b+b,(&b,)"%%2b.,.%b(&"'-"(',Hb

(&"'b)+,'--"(',bO)Hb>APb'b+"' ,bO)HbA;Pb0"-!b)+-"b,,,"(',b-(b%-b%+'+,b
+"'b-!"+b"%"-2b-(b))%2b0!-b0,b)+,'-Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

+b &,bO)Hb9=?Pb0"-!b)+-"b,,,"(',b-(b!%)b%+'+,b/%()b-!b,"&)%b,$"%%,b
-!-b-!b &b+*."+,b-!&b-(b"'- +-b'b))%2b-bb!" !+b%/%Hb

(&"'b+,+!bO)Hb9A>Pb'b+"' ,bO)HbA;Pb0"-!b ."b'%2,",bO)Hb9;?PHb/b
%+'+,b('.-b+,+!b-(b"'-"2b(.&'-,b-(b+Hb,b ."b'%2,",b-(b!%)b
-!&b&$b.,b(b0!-b-!2b+Hb 



+b'b(%%(0b)+-"b0"-!bbG
b,,,"('Hb(+b-!b)+-"Ib%+'+,b!/b

%)-&
)!+!)!(



*.,-"(',b(.-b-!b"',-+.-"(',b(+b-!b)+-"Hb
-+0+,Ib-!2b0'-b-(b$'(0b!(0b
0%%b-!2b"b'b!(0b-(b"&)+(/b-!"+b-!'"*.Hb

5C97>
@B13D935
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

-b/"b'b$b+(&b1)+-,Ib%%(0b%+'+,Ib(+b-!"+b1-'b,("%b
'-0(+$Hb
/"b'b"'%.b'0b-!'"*.,b(+b%-+'-"/b,-+- ",b-(b-+2Hb$b
'b+' b+(&b,"&)%b+-"' ,b-(b,-+.-.+b+"-"*.,Hb

+-"b,bb-&Hb +'+,b'b,."/"b0(+$b'b(&"'b+,.%-,b(+b-!b-&b'b
(%%(+-"/%2b&$b!b","('b2b+"',-(+&"' Ib",.,,"' Ib'b-!'b/(-"' HbOb
) b<>@b(+b,(&b,. ,-"(',HPb

!+b"'," !-,Ib",(/+",Ib,.,,.%b,-+- ",Ib'b))%"-"(',Hb


'%23b)+-"Hb/b%+'+,b(&)+b1)+"',Kb",.,,b+,.%-,Kb+0b
('%.,"(',Kb'b '+%"3b-(b/",bb-!(+2Ib)+"'")%Ib(+&.%b(+b+.%Hb

(&)-b('b+"-+"b(b,)Ib.+2Ib*.%"-2Ib(+b,-2%b(b0(+$Hb(&)-"-"('b'b
&$b)+-"b&(+b%"$bb &Hb

5C97>
@B13D935
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

+-"b0"-!b+%_0(+%b(#-,Ib)()%Ib'b,"-.-"(',Hb"0b'(-%b1&)%,b-(b
'%23b(+b"&"--Hb

.&"-bb)!(-(Ib/"(b%")Ib(+b."(b+(+"' b(b)!2,"%b)+(+&'b(+b/%.-"('b
(+b-(b)+(/b(&)%",!&'-b(b'b,," 'b-,$Hb

"/b$b+(&bb+&(-b(!Ib&'-(+Ib(+b#. Hb

+-"b,$"%%,b"'b+%_0(+%b,"-.-"(',Ib(+b1&)%Ib,)$"' bb(+" 'b%' . b0!"%b
('b/-"('Hb"%%b"'b$'(0% b ),b-!-b)+/'-b%.'-b)+(+&'Ib(+b1&)%Ib2b
,,"' bb(+" '_%' . b"-"('+2Hb

b
 



%)-&
)!+!)!(



'$!$
-
(!$


b

)%,(/
*,*)

.!b(b0!-b0b%+'b",b2b",(/+2Hbb('.-b1)+"&'-,b
(+b#.,-b-+2b-!"' ,b(.-Hbb1)%(+Hbb%/b"'-(b-!"' ,b-!-b
+(.,b(.+b.+"(,"-2Hbb,2,-&-"%%2b"'/,-" -b,.#-,Ib'b
,(&-"&,b0b#.,-b)($b(.-Hbb)+(b'b)+(b'b)+(/($Ib
#.,-b-(b,b0!-b0"%%b!))'Hbb,+.-"'"3b'b1&"'Hbb
"',)-b'b,-.2b,"-.-"(',b-(b,b0!-b-!2b'b-!b.,Hb(+b
b &'2b)()%Ib-!",b",b!(0b&(,-b)+-"%b$'(0% b",b*."+Hb

2?ED
49C3?F5BI
13D9F9D95C

",(/+2b-"/"-",b(b'(-b)+,'-b",Ib.-b%b%+'+,b-(b",(/+b",b('b-!"+b(0'Hb
!2b-+',(+&b-+"%_'_++(+b"'-(b-+"%_'_!b%+'"' Hb

-85>
D?
EC5
49C3?F5BI
13D9F9D95C

",(/+2b%+'"' b",b'b%-+'-"/b-(b)+,'--"('_,b-!"' Hb,b",(/+2b
%+'"' Jb

),H2*&),.),3H&,(#(!Hb(&b)()%b%+'b2b"' b-(%b(+b,!(0'Ib.-b&'2b&.,-b
",(/+b,$"%%,b'b$'(0% b(+b-!&,%/,a,)"%%2b-!(,b0!(b+b,$)-"%Ib
('+-b-!"'$+,Ib(+b+-"/Hb

)H,0&H*,#(#*&-Hb1)+"&'-,b ."b%+'+,b-(b",(/+b)+"'")%,Ib-+',Ib'b
+%-"(',!"),b(+b-!&,%/,Hb '2b%+'+,b "/b&(+b+""%"-2b-(b(')-,b-!2b
",(/+b(+b-!&,%/,b'b-'b-(b+&&+b-!&b%(' +Hb

)H-.#'/&.H/,#)-#.3H)/.HH-/$.Hb",(/+",b'b(.,b--'-"('b('bb,.#-b
'b&(-"/-b%+'+,b-(b,$b1)%'-"(',b(+b0!-b-!2b",(/+Hb

*I@5C
?6
49C3?F5BI
13D9F9D95C

0(b&"'b$"',b(b",(/+2b-"/"-",b+b,)"%%2b.,.%b"'b_%+'"' Hb

#,./&H&),.),#-HO)Hb9<?P<b0!+b%+'+,b"'-+-b0"-!bb,2,-&b-(b",(/+b
)+"'")%,b'b+"'b-!"'$"' Hb"+-.%b%(+-(+",b+b.,.%b(+b!+b$'(0% Hb

-H-./#-HO)Hb9=:P<H0!+b%+'+,b'%23bb(&)%1Ib+%b/'-b(+b,"-.-"('b-(b
.'+,-'b"-,b.'+%2"' b.,,b'b(')-,Hb!2b-!'b+0b('%.,"(',Ib,-+-b
)+"'")%,Ib(+b&$b+(&&'-"(',Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

"-"('%b",(/+2b-"/"-",Ib,.!b,b+(%_)%2"' b,'+"(,Ib+b",.,,b"'b!)-+b@b
('b,("%b%+'"' b,-+-"' b('b) b<?>Hbb

?G
49C3?F5BI
13D9F9D95C
G?B;

",(/+2b-"/"-",b ."b%+'+,b"'b('.-"' b1)+"&'-,b'b'%23"' b,"-.-"(',b,(b



-!-b%+'+,b'b(,+/b'b+(+b-!"+b"'"' ,Hbb

%)-&
)!+!)!(



!b-!+b(+b-!b(&).-+b)+)+,b%+'+,b2b "/"' b"',-+.-"(',b('b!(0b-(b)+(+&b
'b'%2,",b(+b1)+"&'-b'b2b,," '"' b,)""b*.,-"(',b-(b',0+Hb +'+,b
)+(+&b-!b,," 'b-"/"-2b'b+(+b+,.%-,b(+b(,+/-"(',Hbb

b
!",b,"b2%b(b)+(+&"' b-"/"-",b-(b',0+b*.,-"(',b&2bb+)-b,/+%b
-"&,b(+b-!b%+'+b '+%"3,b+,.%-,b-(b'b(/++!"' b)+"'")%b(+b,.&&+"3,b
-!&b,bb)+(.+b(+b(+&.%Hb

,9BDE1<<12?B1D?BI
13D9F9D95C


b/"+-.%b%(+-(+2b)+(/",b'b('_,+'b,"&.%-(+b(+b%.%-(+b-!-b%+'+,b'b.,b-(b
-,-b",b'b(,+/b+,.%-,Hb
!b%+'+b -,b-!b,," '&'-Ib%+',b-(b()+-b-!b%(+-(+2b*.")&'-Ib'b-!'b
&+$,b('bb,+",b(b1)+"&'-,Ib+.%%2b+(+"' b-!b+,.%-,b(b!Hb
-+b-!b%,-b
1)+"&'-Ib-!b%+'+b '+%"3,b0!-b!,b'b%+'Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
b
+Ib&!'"%b," '+,b
('.-b1)+"&'-,b-(b%+'b
!(0b!-b%(0b)',b('b
-(+,b,.!b,b-&)+-.+Ib
+Ib-!"$',,Ib'b-!+&%b
('.-"/"-2Hbb
b
b
b
b."%-b.,"' b "+(,(-b1%b'b
b
+2,-%b,!(+b," 'Hb&b"'b
(0+("'-b'b('/+-b(+bb
%"/+2b.,"' b
(b+,'-+Hb"0b
1&)%b-b!(+-('H(&^%^Hb
b

!",b/"+-.%b%(+-(+2b-!,b
 Hb +'+,b'b.,b-!b++(0b
.--(',b-(b/'b-!+(. !bb,+",b
(b)+( +,,"/%2b&(+b!%%' "' b
(%,b,!(0'b-b-!b%-Hb +'+,b
'-+b b"'b-!b-1-_'-+2b+b"'b
-!b&"%Hb%"$"' b-!b.--('b"'b
-!b,.%-b)'%b)+(,,,b-!b
%+'+V,b b'b,!(0,b0!-b"-b
)+(.,Hb
b
."%-b.,"' b
(b+&0/+b'b.,-(&b
/+")-Hb"0b1&)%b-b!(+-('H(&^%^Hb
b

!b%+'+b'b(&)+b-!b+,.%-b-(b-!b (%b'b#.,-b(+"' %2Hb +'+,b0!(b+b

,-.&)b'b%"$b-!b!$b&+$b(/b-!b b+b-(b,b-!b,(%.-"('b(+b-!b
.++'-%2b",)%2b (%Hb

/+b-!b,Ib%+'+,b!/b(',.&b(+,-,b(b +"b))+b+0"' b!+-,b'b

+)!,b-(b--b-+',b'b)--+',b"'b'.&+"%b-Hb +'+,b'b'(0b)%(-b-b+" !-b
"'b-!"+bb+(0,+,b2b%"$"' b'b+ "' Hbb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b

!",b1&)%b)+(/",b
&,.+&'-b-b'b
%%(0,b-!b%+'+b-(b)%(-b
"-b2b+ "' b(-,b"'-(b
)%b('b-!b/"+-.%b +)!b



))+Hb("' b,(b+/%,bb

%)-&
)!+!)!(



,"&)%b+%-"(',!")b
-0'b+b'b!-b
%(0Ib0!"!b&$,b/'b
-!b&(,-b.%%_0"--b
%+'+b,!(.-bW.+$NXb
b
b
."%-b.,"' b
(b%,!Hb"0b
1&)%b-b!(+-('H(&^%^Hb
b
%(--"' b-b)("'-,b",b-"(.,b'b-!,b'(-!"' b2b"-,%Hb(b0!2b'(-b#.,-b,!(0b-!b
+)!b0"-!b-!b)("'-,b%+2b)%(--Mb!b-b(b)%(--"' b-!b-b(+,b%+'+,b-(b&(+b
-"/%2b)+(,,b"-Ib'b&(+b-"/b)+(,,"' b%,b-(b)+b%+'"' Hb .,-b&$b,.+b
-!-b%+'+,b",(/+b-!b+%-"(',!")b!"'b"'b-!b-Hb+(/"bb!"'-b(+b+0b-!b-+'b
%"'b('b-!b +)!Ib"b',,+2Hb

-85>
D?
EC5
F9BDE1<
<12?B1D?B95C

'bb/"+-.%b%(+-(+2Ib%+'+,b'b-+2b%%b$"',b(b1)+"&'-,b0"-!(.-b+",$b(b& "' b
*.")&'-b(+b"'#.+"' b-!&,%/,Ib%%(0b%+'+,Ib(+b%b-!'""',Hb!2b'b%,(b
('.-b1)+"&'-,b'(-b)(,,"%b"'b/'b-!b&(,-b '+(.,%2b.'b+%b%(+-(+2Hb,b
/"+-.%b%(+-(+",Jb

(-.H) H,&H&),.),#-Hb(.b'b.,b/"+-.%b%(+-(+",b-(b+)%b+%b
%(+-(+",Hb'b."%-Ib/"+-.%b%(+-(+",b!/b'(b"-"('%b(,-,b(+b,.))%",Ib
&"'-''b(b*.")&'-Ib(+b+)%&'-b(b+($'b)+-,Hb +'+,b(b'(-b!/b-(b
+"/bO(+b%2MPb-(b-!b%(+-(+2Hb"+-.%b%(+-(+",b+b'/+b+(0Ib'/+b%(,Ib
'b'/+b+($'Hb!2b'/+b%(0b.)Hbb

b




%)-&
)!+!)!(



'$!$
-
(!$


b

)H*,*,H&,(,-H.)H/-H,&H&),.),#-Hb"+-.%b%(+-(+",b)+)+b%+'+,b(+b
""'-b0(+$b"'b+%b%,Hb"+-.%b%,b'b,-+-b,b,"&)%Ib%"&"-b+)+,'--"(',b(b
-!b+%b%Hb
,b%+'+,b&,-+b,"&)%b1)+"&'-,Ib-!b%b'b+/%b&(+b('-+(%,b
'b/+"%,b,(b-!-Ib"'b-!b'Ib-!b/"+-.%b%b!,b-!b,&b+"!',,b'b+' b(b
1)+"&'--"('b,b-!b+%b%(+-(+2Hb

),H-.,.H2*,#'(.-Hb"+-.%b%(+-(+",b+b'(-b%"&"-b-(b,"&.%-"' b+%b
%(+-(+",Hb"-!bb/"+-.%b%(+-(+2Ib%+'+,b'b,0)b-!b(+"-,b(b)%'-,Ib-"'$+b
0"-!b-!b %(%b('(&2Ib(+b+(,,+bb)"+'!b'bb)'Hb,b/"+-.%b%(+-(+",b
-(b%-b%+'+,b1)+"&'-b0"-!b(')-,b(b'2b,%b'b'2b%/%b(b,-+-"('Hb

5CD
@B13D935C
6?B
F9BDE1<
<12?B1D?B95C

?3EC
?>
G81D
I?E
1B5
D51389>7

(.,b2(.+b(+-,b('b0!-b2(.b+b-!"' Hb b-!b).+)(,b(b-!b-"/"-2b",b-(b-!b
,(&('b-(b.,b+%b%(+-(+2b*.")&'-Ib-!'b&$b-!b,"&.%-"('b+"!%2b-"%Hbb
b-!b).+)(,b(b-!b%(+-(+2b1)+"&'-b",b-(b-!b)+"'")%,Ib," 'b-!b-"/"-2b-(b
&$b",(/+"' b-!b)+"'")%,b""'-b'b+%"%Hb(b'(-b%-b()+-"' b%(+-(+2b
*.")&'-b -b"'b-!b02b(b%+'"' Hb $b,.+b-!-b/+2b%"$b'b!b)"1%b('-+".-b
-(b-!b (%Ib+-!+b-!'b#.,-b"' b.,2b0(+$Hb .,-b.,b-!b+%_0(+%b%b*.")&'-b
+*."+,bb%' -!2b%"+-"('b)+(,,b(,b'(-b&'b-!-b2(.+b/"+-.%b%(+-(+2b'b
"'%.b-!b,&b"'('/'"'Hb

81<<5>75
<51B>5BCO
1CCE=@D9?>C

," 'b1)+"&'-,b-(b!%%' b0!-b%+'+,b%"/b-(bb-+.Hb.!bb,-+- 2b'b
(++-b&",(')-"(',b'b%b-(b1"-"' b",(/+",Hb/b%+'+,b,--b-!"+b
)+)-"(',b(+b%",Hb!'b!/b-!&b('.-b'b1)+"&'-b-(b%+'b!(0b-!"+b",b
(&)+b-(b+%"-2Hb

&B5C3B925
5H@5B9=5>DC

(b'(-b#.,-b "/b%+'+,bb%(+-(+2b'b,,.&b-!2b0"%%b&$b.)b-!"+b(0'b
1)+"&'-,Hb
,," 'b1)+"&'-,b-(b)+(+&Hb!b,-b(+&-b(+b,.!b'b,," '&'-b",bb
,-b(b*.,-"(',b-!-b%(+-(+2b1)+"&'-,b'b',0+Hb(+b+"/"' b-!b*.,-"(',Ib
-!b%+'+,b&2b'(-b+b(.-b-!b,.#-Ib.-b-!b*.,-"(',b!%%' b-!&b-(b)+(/b-!-b
-!"+b"'"-"%b .,,,b+b+" !-Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
<<?G
9>45@5>45>D
5H@5B9=5>DC
D??

-b%+'+,b('.-b-!"+b(0'b1)+"&'-,Hb 'b," '"' b/"+-.%b%,Ib%%(0b"&"--"('Ib
-!'b"''(/-"('Hb+b",b'b1&)%b(b0!-b b&'Hbb

!'b b+-b-!b b 

(+-(+2Ib b,-($b"-b0"-!b (%,b

%)-&
)!+!)!(



(+b-!b%+'+b-(b!"/Hb!",b0,b
"&"--"('Hbb

!-b b"'V-b(+,b0,b-!-b
&'2b%+'+,b0(.%b-+2b(.-b
/+"-"(',b(b-!b (%,b b,-Hb

(+b"',-'Ibb%+'+b&" !-b0'-b
-(b"-%""3b-!b0(+b
**&Hb(b-!b
%+'+b-2)b"'b-!b"-"('%b(b
'b%"$b-!b,.%-b++(0Hb("%Ib
-!b0(+b
b",b'(0b(-!b(%b
'b"-%""3Hb!-V,b"''(/-"('Hb
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b.,-(&b
/+")-Hb"0b1&)%b-b!(+-('H(&^%^Hb

2b%--"' b%+'+,b('.-b-!"+b(0'b1)+"&'-,Ib bb/%.b-(b-!",b%(+-(+2b'b

&b"-b&(+b-"/Hbb

(5EC5
I?EB
F9BDE1<
<12?B1D?B95C

/%()"' bb,"&.%-b%(+-(+2b",bb%(-b(b0(+$Hb(',"+b0!-!+b2(.b'b.,b-!b
,&b%(+-(+2b"'b&.%-")%b-"/"-",b(+b/'b"'b&.%-")%b(.+,,Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
1C5
CDE495C

!((%,b!/b.,b,b,-.",b,"'a0%%Ib,"'b-!+b0+b,!((%,Hb,b,-.",b)+(/"b
+%/'-Ib&'"' .%b1)+"',b"'b0!"!b%+'+,b'b",(/+b'b,-+-b.,.%b
(')-,b'b)+"'")%,Hb
,b,-.",b'bb-!b,",b(+bb+"' b-"/"-2Ib"b0b#.,-b0'-b%+'+,b-(b,(+b
"'(+&-"('b+(&b-!b,-.2Hb(0/+Ib,b,-.",b&$b"'b",(/+2b-"/"-",b0!'b
%+'+,b&.,-b-"/%2b))%2b'%2-"%b'b)+(%&_,(%/"' b,$"%%,b-(b-!b/'-,b"-b"'b
-!b,b,-.2Hb

'b-!",b1&)%Ib%+'+,b+b
,$b-(b'%23bb"%b
--&)-b-(b)+(/"b-!'"%b
,.))(+-b(+b.,-(&+,b(bb
,(-0+b)+(.-Hb+b2(.b
,b-!b"'-+(.-"('Hb

+b",b-!b,2'(),",b(b-!b
,b,-.2Hb -b",b'++-b2b
-!bHb
b-+',+")-b",b
/"%%b(+b%+'+,b-(b
(%%(0b%(' Hb(-"b-!b
(-!+b-,b-!-b('-"'bb
!+('"%b(b/'-,Ib
++'b(.&'-,Ib'b
-!b,," '&'-Hb
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b
")+"' b+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
'bb,b,-.2Ib%+'+,b+b "/'bb(&)+!',"/b1&)%b-(b,-.2Hb!b,b'bbb
+%_0(+%b/'-Ib)+(,,Ib(+b,2,-&Hb +'+,b+b%,(b "/'b&-+"%,b-!-b,+"b(+b
)+!),b/'b,"&.%-b-!b,Hb
-+b0(+$"' b0"-!b-!,b&-+"%,Ib%+'+,b--&)-b-(b
',0+b*.,-"(',b(.-b-!b,b(+b-(b '+%"3b-!b)+"'")%,b+/%b2b-!b,Hb

'b_%+'"' Ib,b,-.",b"+b+(&b%,,+((&b,b,-.",b"'b-!b/+"-2b(b&-+"%b



/"%%b-!+(. !b-!b '-+'-Ib"'b-!b.,b(b"'-+-"/b&.%-"&"b)+,'--"(',Ib'b"'b

%)-&
)!+!)!(



-!b&.%-")%b)+,)-"/,b)(,,"%b-!+(. !b(%%(+-"('Hb_%+'"' b,b,-.",b'b
"'%.bb+"!+b&"1b(b&-+"%,b(+b%+'+,b-(b1&"'b'b'b&(+b+%",-"%%2b&"&"b
+%_0(+%b,,Hb

-85>
D?
EC5
31C5
CDE495C

,b,-.",b-!b,-+-Ib '+%b)+"'")%,b+(&b,)""Ib('+-b)+-".%+,Hb
,b,.!Ib
-!2b&"&"b-!b02b&(,-b)()%b%+'b&(,-b(b0!-b-!2b$'(0Jb2b(,+/"' b'b
'%23"' b-!"+b(0'b1)+"',Hb,b,-.",b+b ((b(+b-!"' b(&)%1b$'(0% b
-!-b''(-bb+.b-(bb,"&)%b(+&.%Hb!2b+b,)"%%2b ((b(+b-!"' b-!b
#. &'-b,$"%%,b',,+2b-(b%b0"-!b(&)%1Ib('-+"-(+2b,"-.-"(',b(&&('b"'b+%b
%"Hb

,1B91D9?>C
?6
31C5
CDE495C

,b,-.",b'b-$b&'2b(+&,Hb+b+b,(&b(b&2b/(+"-,Jb

>CDBE3D?B<54
31C5
CDE495C

!b-!+b0%(&,b)+-"")'-,b'b"'-+(.,b-!b,b-(b,-.2Hb!b-!+b-!'b
,," ',bb%",-b(b*.,-"(',b-(b',0+b'b)+(/",b,,b-(b&-+"%b,+""' b-!b,Hb
+'+,b"'"/".%%2b,-.2b-!b,b&-+"%,b'b)(,-b-!"+b',0+,b-(bb",.,,"('b
(+.&b0!+b-!2b+/"0b'b+"-"*.b!b(-!+V,b',0+,Hb +'+,b('-"'.b-(b+"'b
-!"+b',0+,b.'-"%b-"&b+.',b(.-Hb!'b%+'+,b)(,-b%",-,b(b-!b)+"'")%,Ib-+',Ib
!.+",-",Ib'b ."%"',b-!2b"'++b+(&b-!b,Hb"'%%2Ib%+'+,b '+%"3b-!"+b
"'"' ,b'b,)"2b!(0b-!",b$'(0% b'bb))%"b-(b.-.+b,,b"'b-!b+%b0(+%Hb
!b-!+b +,b)+-"")'-,b,b('b0!-!+b-!2b"'-""b-!b(++-b)+"'")%,b
0"-!(.-b(/+,"&)%"2"' b-!b,"-.-"('Hb

,9BDE1<
695<4
DB9@C

!b,b,-.2b'bb)+,'-b,bb/"+-.%b"%b-+")bO)Hb99:Pb-!-b%%(0,b%+'+,b-(b
(,+/b(#-,b'b/'-,b,b-!2b-.%%2b(.++Hb +'+,b'b'/" -bb%(%b2b
%"$"' b%"'$,b-!-b#.&)b+(&b) b-(b) Hb!2b'b-+/+,bb,+",b(b/'-,b2b&(/"' b
%(' bb-"&%"'Hb
%(' b-!b02Ib%+'+,b+b,$b*.,-"(',b'b&$b(,+/-"(',Hb
,b
b+)Ib%+'+,b '+%"3b-!"+b"'"' ,b'b,)"2b!(0b-!",b$'(0% b'bb))%"b
-(b,"-.-"(',b-!2b&2b'(.'-+b"'b-!b.-.+Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
%2C5BF51>43?==5>D
13D9F9D95C

+'+,b&2b(,+/bb/"(b(+b'"&-"('b,*.'bO(+b#.,-b+bb'++-"/Pb(b)()%b
"'-+-"' Hb.!bb,'b&2bb(+ '"3b,bb+&b)+,'--"('bO)Hb@9PHb +'+,b'b
/"0b-!b,*.'b,b&'2b-"&,b,b-!2b0",!Hb!'b-!2b(&&'-b(.-b0!-b-!2b!/b
,'Ib',0+"' b,.!b*.,-"(',b,Jb

".H"**(?b!-b"b-!b)()%b(Mb!-b"b-!2b-!"'$Mb(0b"b-!2b%Mb
!-b"b-!b)()%b "'b(+b%(,Mb!-b"b-!2b%+'Mb

".H)-H#.H'(?b!-b(,b-!b1)+"'b&'b-(b2(.Mb(0b(,b"-b))%2b-(b
2(.+b+%_0(+%b1)+"',Mb

".H1#&&H3)/H)?b!-b!/b2(.b%+'Mb(0b0"%%b2(.b-!"'$b(+b-b"+'-%2b"'b
-!b.-.+Mb(0b0"%%b2(.b))%2b0!-b2(.b!/b%+'Mb

#9>931C5
CDE495C

(.b'b)+(/"b+%",-"Ib+%_0(+%b1)+"'b2b)+,'-"' bb,+",b(b('",b.-b
(&)%-b1&)%,Hb!b(+&.%b",b,"&)%Jb-+-b0"-!bb,--&'-b(b-!b,"-.-"('Hb
'-+(.b'2b!+-+,Ib(#-,Ib(+b(+ '"3-"(',b(b"&)(+-'Hb)%%b(.-b+."%b
+%-"(',!"),b&(' b-!&Hb!'b%-+'-b*.,-"(',b'b',0+,b(.-b-!b,"-.-"('Hb
.,-"(',b,!(.%b+*."+b-!b%+'+b-(b+.%%2b1&"'b-!b,"-.-"('Ib"'+b-,b'(-b
,--Ib))%2b)+"'")%,Ib'b.b('%.,"(',Hb

,bb(%%(0_.)Ib)(,b"-"('%b*.,-"(',b-(b%+'+,Hb/b-!&b,.&"-b-!"+b',0+,b-(b
b",.,,"('b(+.&bO)Hb<:=PHb+b!%%' b%+'+,b-(b&$b.)b-!"+b(0'b,b,-.",b'b
,.&"-b-!&b-(bb",.,,"('b(+.&b(+b.,b'b+"-"*.b2b(-!+b%+'+,Hb

(513D9?>
@1@5BC

/b%+'+,b1)+,,b-!"+b+-"(',b-+b+.%%2b1&"'"' bb0(+$b"'b-!b"%b(b
,-.2Hb!b0(+$b'bbb,"&)%b1&)%Ibb+)(+-Ib(+bb)!2,"%b+-"-Hb(b,-+.-.+b-!b
-"/"-2Ib "/b%+'+,bb(+&b-(b"%%b"'Hb '%.b+,b(+b-!&b-(b'-+Jb

,-)(&H!)&-Hb!-b(b2(.b!()b-(b "'b2b1&"'"' b-!b0(+$Mb

/'',3Hb!-b(,b-!b0(+$b,2Mb!-b(,b"-b&'b-(b%%b-!(,b0!(b(&b"'b
('--b0"-!b"-Mb

.#)(Hb!-b",b," '""'-b(.-b-!b0(+$b(+b2(.Mb!-b(,b2(.+b(0'b
$ +(.'b'b1)+"'b-%%b2(.b(.-b"-Mb

.#&#.3Hb(0b'b2(.b))%2b0!-b2(.b%+'b"'b-!",b-"/"-2b-(b2(.+b(0'b0(+$Mb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
5CD
@B13D935C
6?B
31C5
CDE495C

&B?F945
1
B938
=9HDEB5
?6
31C5
=1D5B91<C

+"-"('%%2Ib,b,-.",b!/b.,b#.,-b))+b&&(,Ib-+',+")-,b(b"'-+/"0,Ib'b
,(&-"&,b/"(-),Hb(2b,b,-.",b'b"'%.bb&.!b0"+b/+"-2b(b&-+"%,Hb 


(&b(b-!b&-+"%,b2(.b'b.,b"'%.b-!,Jb

%)-&
)!+!)!(




('/'-"('%b.,"',,b(.&'-,Ib,.!b,b+)(+-,Ib('-+-,Ib"',-+.-"('b&'.%,Ib
_&"%b&,, ,Ib&&(,Ib'b%--+,Hb

%.)+"'-,Ib+0"' ,Ib'b,)""-"(',b(b)+(.-,b'b,2,-&,Hb

-'-,Ib)(,"-"(',Ib+.%"' ,Ib'b(-!+b% %b(.&'-,Hb

)+,!-,b(b'.&+"%b-Hb

!+-,Ib +)!,Ib" +&,Ib'b(-!+b-!'"%b'b.,"',,b +)!",Hb

"(b(+b."(b"'-+/"0,Hb

"&.%-"(',b(b'b-.%b,2,-&Hb
!+b)(,,"%Ib"'%.b%"/b(.&'-,Ib,.!b,b0(+b)+(,,"' b'b,)+,!-b"%,Ib
-!-b-!b%+'+b'b1)+"&'-b0"-!Hb

E945
CDE4I
?6
D85
31C5

+(&)-b",(/+2b(b-!b"&)(+-'-b)+"'")%,b"%%.,-+-b2b-!b,b,-.2Hb"/b,)""b
."'b-!-b0"%%b&$b ((b.,b(b%+'+,Vb-"&Hb%%b%+'+,Jb

".H."H-H-./3H-")1-Hb(b'(-bb-((b,)""Hb .,-b1)%"'b!(0b-!b,b+%-,b-(b
-!b,.#-b.'+b",.,,"('Hb

".H.)H().#Hb!-b+b-!b"&)(+-'-b-.+,Mb!+b,!(.%b%+'+,b(.,b
--'-"('Mb
"'Ib(b'(-bb-((b,)""Hb .,-b "/b,(&b%.,b,b-(b0!+b-(b,-+-b-!"+b
1&"'-"('b(b-!b,Hb

/-.#)(-H.)H(-1,;b!b',0+,b(+&b-!b%"/+%b(+b-!b-"/"-2Hb!2b"+-b
%+'+,Vb,+!,b'b('-+(%b0!-b",(/+",b-!2b+b%"$%2b-(b&$b('b-!"+b(0'Hb

".H.)H."#(%H)/.Hb
,$b*.,-"(',b-!-b ."b%+'+,b-(b-!"'$b(.-b!(0b-!",b,b
+%-,b-(b(-!+,b(+b-(b-!b,.#-b(b-!b%,,('b(+b(.+,Hb

5CD
@B13D935C
6?B
49C3?F5BI
13D9F9D95C

(5C9CD
D85
EB75
D?
<53DEB5

(-b-!-b2(.b0(.%Ib.-b&'2b," '+,b"'b"-b"".%-b-(b%-b (b(b('-+(%Hb 'b",(/+2b
-"/"-",Ib0b!/b-(b-+.,-b-!-b%+'+,b0"%%b",(/+b-!b-+',Ib)+"'")%,Ib'b(')-,b
0b+b-!"' Hb
'Ib0b!/b-(b," 'b-!b-"/"-",b,(b-!-b%+'+,b-.%%2b$b&$b
-!b"'-'b",(/+",Hb%.,Ib0b!/b-(b-,-b'b+"'b'b-,-b'b+"'b/'b&(+Hb
," '"' b",(/+2b-"/"-",b",b%"$b-!"' b2b+&(-b('-+(%Hbb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
&B?F?;5
5H@5B9=5>DC
1>4
9>D5B13D9?>

'b-&b-"/"-",Ib"-b",b'(-b.'.,.%b-(b0"-b(+b&"'.-,b(+b!(.+,b(+b-"('b-(b "'b.,b
/+2('b",b0"-"' b(+b,(&('b%,b-(b-$b-!b%Hb 'bb'0b'/"+('&'-b%"$bb
(&).-+_&"-b,'+"(Ib)()%b&2b!,"--b-(b-$b-"('Hb(b(/+(&b-!",b
+%.-'Ib,-+-b0"-!bb,)""b-+" +b/'-b-!-b+*."+,bb+,)(',b+(&b%%b%+'+,Hb

>3<E45
1
CI>D85C9J9>7
13D9F9DI

.,-b)+(+&"' b1)+"&'-,b(+b+"' b,b,-.",b'b%/b%+'+,b0"-!bb%(-b(b
"'(+&-"('b.-b%"--%b$'(0% Hb '%.bb,2'-!,"3"' b-"/"-2b-!-b+*."+,b%+'+,b-(b
(',(%"-b(,+/-"(',b"'-(bb(!+'-b-!(+2Hb'b,"&)%b02b",b-(b,$b%+'+,b-(b
,.&&+"3b0!-b-!2b%+'b"'-(bb(+&.%b(+bb('",b,-b(b,-b)+-",Hb

1<1>35
B51<9C=
1>4
3?=@<5H9DI

$b-!b-"/"-2b+%",-"b'(. !b-!-b%+'+,b+( '"3b"-b'b'b,b,"&"%+"-",b-(b
-!"+b(0'b,"-.-"(',Hb.-b(b'(-b(&b,(b(,,,b0"-!b+%",&b-!-b2(.b%/b(.-b-!b
%+'"' b1)+"',b(+b&$b-!b,"-.-"('b,(b,)""b-!-b%+'+,b''(-b&)b"-b-(b-!"+b
,"-.-"(',Hb

HD5>4
49C3?F5BI
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b",(/+2b-"/"-",b2b(&"'"' b-!&b0"-!b
(-!+b-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
49C3?F5BI
G9D8
?D85B
13D9F9D95C

",(/+2b-"/"-",b(&"'b)+(.-"/%2b0"-!b(-!+b-2),b(b_%+'"' b-"/"-",Hb

-+-b0"-!bb+"b)+,'--"('bO)Hb>APb"'-+(."' b'b+b(b,-.2Ib+","' b",,.,b-(b
1)%(+Ib(+b)+(/""' b1)%""-b"',-+.-"(',Hb/b%+'+,b('.-b1)+"&'-,bO)Hb9<?Pb
-(b",(/+b$2b)+"'")%,b'b+(.,b.+"(,"-2Hb(%%(0b.)b0"-!bb",.,,"('b-"/"-2b
O)Hb<@<Pb-(b1-'b-!b)+"'")%,Ib,-",2b.+"(,"-2Ib'b(',(%"-b,)+-b",(/+",b
"'-(bb(!+'-b-!(+2Hb

'%.b()-"('%b/"+-.%_%(+-(+2b-"/"-",bO)Hb9<?Pb0!'b-!"' b'2b,.#-b0!+b
%+'+,b&2b(.-b0!-b2(.b+b-!"' b.'%,,b-!2b",(/+b"-b(+b-!&,%/,Hb

'(+)(+-b,-(+",bO)Hb98=Pb"'-(b,b,-.",bO)Hb9=:PHb!b,-(+2-%%+b'bbb$2b" .+b
"'b-!b,b.'+b,-.2Hbb

/b%+'+,b))%2b",(/+",b"'b)+-"b-"/"-",bO)Hb9;8Pb(+b,"&.%-"(',bO)Hb;:;PHb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
5C97>
49C3?F5BI
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

(%%(+-"/%2b(+&b!2)(-!,,Ib)%'b'b1)+"&'-Ib"'-+)+-b+,.%-,Ib'b+0b
('%.,"(',Hb 



'"/".%%2b).+,.b"+'-b1)+"&'-,b'b-!'b(',(%"-b+,.%-,Hb

%)-&
)!+!)!(




!+b'b",.,,b"'"/".%b",(/+",Hb

5C97>
49C3?F5BI
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

",(/+b2b('.-"' b)!2,"%b1)+"&'-,Ib -!+"' b+%_0(+%b-Ib(+b1)%(+"' b
)!2,"%b'/"+('&'-,Hb

,b&("%b/",b-(b+(+b-Ib(+b1&)%Ib,',(+b+"' ,Ib%-"-._%(' "-.b
((+"'-,Ib"%b'(-,Ib)!(-(,Ib."(b%"),Ib'b/"(b,*.',Hb


,,b('%"'b+,(.+,b-(b"'-"2b(#-,b'b!+-+",-",Ib,.!b,b+($,b'b
&"'+%,Ib'"&%b'b)%'-b,)",Ib+!"--.+%b,-2%,Ib,.%)-.+,Ib)"'-"' ,Ib'b
)()%Hbb

,bb((+"'-,b-(b%(-b/%.%b+%_0(+%b1&)%,Ib-(b/%()b'/" -"('b
,$"%%,Ib'b-(b'%b%+'+,b-(b('/+ b('b(-!+,Vb",(/+",Hb

#)
$
)#+"*%$)

&,b'b,"&.%-"(',b-.+'b%+'"' b"'-(b)%2a&'"' .%Ib
)+(.-"/b)%2Hb

&,b'b,"&.%-"(',b'bb,.)+b(b-"/"-",Hb!2b'b%,(b
b-,-,Ib%,,(',Ib'b'-"+b(.+,,Hb!b," 'b(b%+'"' b &,b
'b,"&.%-"(',b",b-!b,.#-b(b!)-+b?Hb

!",b!)-+b",.,,,b!(0b-(b.,b &,b,)""%%2b(+b"'"/".%b
(b-"/"-",Hb

+C5
71=5C
1C
C9>7<5
13D9F9D95C

&,b(+b"'"/".%b%+'"' b-"/"-",b"+b+(&b-!(,b.,b(+b'-+-"'&'-b'b
+(&b-!(,b.,b(+b%+ +b.'"-,b(b%+'"' Hb!,b"+',b,-&b+(&b"+',b(b
(%Ib,%Ib'b('(&",Hb

b




%)-&
)!+!)!(



'$!$
-
(!$


b
1C5
D85
71=5
?>
1
C9>7<5
?2:53D9F5

!b-()"b(&)%",!,bb,"' %b(#-"/Ib'b!b-"/"-2b('-+".-,b-(b
(&)%",!&'-b(b-!-b(#-"/Hb," 'b-!b &b-"/"-2b-(b('-+".-b"+-%2b-(b-!b
,"' %b(#-"/b(b"-,b-()"Hb,b-!b-2)b(b(#-"/b,bb ."b"'b,%-"' b-!b-2)b(b
&Hb(+b1&)%Jb

3*H)$.#0HH 3*H!'H ),HH)H.#0#.3H

,.H "&.%-"('b-!-b+*."+,b+-"' bb,"&)%b"',-'Ib(+b1&)%Ib2b

,,&%"' b(&)(''-b)",Hb
#H "&.%-"('b0!+b%+'+,b&$bb","('b'b"&&"-%2b
1)+"'b-!b(',*.',b(b-!-b","('Hb
)H "&.%-"('b0!+b%+'+,b)+-"bb+%",-"b-,$Ib)+!),b0"-!b
(!"' Hb
()1H ."3_,!(0b(+b(-!+b*.,-"('_,b &Hb
&#0H &b)+(/""' bW/"'b"'b1)+"'Xb,(b-!-b%+'+,b",(/+b
+.%,Ib)+"'")%,Ib'b(')-,b(+b-!&,%/,Hb
&H &b(+b,"&.%-"('b0"-!b&(-"('_)+(/($"' b,"-.-"(',Hb
b

<1B96I
D85
@EB@?C5

&,b,+/b-0(b).+)(,,Jb-(b)+(/"b)+-"b(bb,$"%%b(+b-(b)+(/($b",(/+2b(b
$'(0% Hb(+b/%()"' b-!b &Ib"b0!"!b).+)(,b",b)+"&+2b'b
(&&.'"-b-!-b).+)(,b%+%2b-(b/+2('b"'/(%/b"'b/%()&'-b(b-!b &Hb

#1;5
<51B>9>7
D?
@<1I
D85
71=5
51CI
1>4
AE93;

(b%+'b+(&bb &Ib%+'+,b&.,-b"+,-b%+'b-(b)%2b-!b &Hb"&b,)'-b%+'"' b-(b
)%2b-!b &b",b-"&b'(-b,)'-b%+'"' b+(&b-!b &Hb b%+'"' b-(b)%2b-!b &b-$,b
-((b%(' Ib%+'"' b",b"'""'-b'b+.,-+-"' Hb(b&"'"&"3b-"&b0,-b"'b%+'"' b-(b
)%2b-!b &Jb

-H."H!'H)(H$/-.HH 1<H-#'*&H,/&-Hb)%%b(.-b-!b+.%,b%+%2Hb $b-!&b
,,"%b,(b%+'+,b'b "'b)%2b(+b&&(+"3"' b-!b+.%,Hb

-HH '#&#,H')&Hb,b-!b%+'"' b-"/"-2b('bb &b%+'+,b%+2b$'(0b!(0b
-(b)%2b(+b('bb,"-.-"('b%+'+,b!/b1)+"'b+)-%2Hb

-H."H-'H.3*H!'H.",)/!")/.H."H(.#,H)/,-Hb+b(+b!b(b-"/"-2Ib.,b
"+'-b, &'-,b(b'b(' ("' b &Hb*."+b%+'+,b-(b*."+b &_)%2"' b,$"%%,b
('%2b('Hbbb

b
 '$!$
-
(!$



%)-&
)!+!)!(





b
)31<5
D85
71=5
D?
G?B;
1C
1>
13D9F9DI

'2b%+'"' b &,b+b#.,-b-((b(&)%1b'b1-',"/b-(b0(+$b,bb,"' %b-"/"-2Hb"$b
b,"&)%b &b'b%"&"-b-!b,()b(b-!b &b,(b"-b1+",,b(+b-,-,b(&)%",!&'-b(bb
,"' %b(#-"/Hb+b+b,(&b,. ,-b,"3b%"&"-,Jb




+'!"' b,"&.%-"('b(b.)b-(b"/b#.&),Hb

%)-&
)!+!)!(




."3_,!(0b &b0"-!b.)b-(b:=b*.,-"(',Hb

(+b).33%b0"-!b;8_<8b%.,Hb

" ,0b).33%b0"-!b:=_=8b)",Hb

+,('%_+,)(',b,"&.%-"('b(+b-!+b-(b"/b","(',Hb

-!b(+b"''"%b,"&.%-"('b(+bb,"' %b%.%-"('b"'/(%/"' b"/b-(b-'b/+"%,Hb

%B
EC5
C57=5>DC
?6
1
<1B75B
71=5


'(-!+b,(%.-"('b(+b,%"' b &,b-(b0(+$b,b-"/"-",b",b-(b.,b"'"/".%b, &'-,b(b
'b(' ("' b &Hb(+b1&)%Ibb0!(%b(.+,b(.%b.,bb0(+$b,"&.%-"('b(/+"' b-!b
0!(%b#(Hb!b%,,('b(.%b(',",-b(b-!b,"&.%-"('b(bb,"' %b(&)%1b-,$b(+b#(b.-2Hb
!b,"&.%-"('b(b!b,-)b(b-!b)+(.+b(+b)!,b(b-!b-,$b(.%bbb,)+-b
-"/"-2Hb

"$0",Ibb0!(%_)+(.-b,"&.%-"('b(.%bb"/"b"'-(b,"&.%-"(',b!" !%" !-"' b!b

)"%"-2b(+b",-"'-b.,b(b-!b)+(.-Hb

(+b'(-!+b1&)%Ib(',"+b'b1-',"/b"'-+)+,('%b,"&.%-"('Hb!b +(.)b(b
+%-b","(',b+)+,'-,bb,)+-b(b-"/"-2b-!-b('-+".-,b-(b%+'"' bb)+-b(b-!b
,.#-b'Ib-b-!b,&b-"&Ib -,b)+( +,,b-!+(. !b-!b(/+%%b,"&.%-"('Hb!b)",(b
(+b&",,"('b0"-!"'b-!b &b,+/,b,bb,)+-b-"/"-2Hb

!55@
71=5
13D9F9D95C
3?>C9CD5>D

b2(.b.,b &,b-!+(. !(.-b'b'-"+b(.+,Ib$)b-!b &,b(',",-'-b+(&b-"/"-2b-(b
-"/"-2Hb(.b(b'(-b!/b-(b%"&"-bb(.+,b-(b#.,-b('b-2)b(b &Ib.-b.,"' b-((b&'2b
-2),b(b &,b'b('.,b%+'+,b'b)%-b2(.+b. -Hb&,b+b(-'b-((b
(&)%1b'b1)',"/b-(b/%()b(+b#.,-b('b-"/"-2Hb
(',"+b.,"' b-2),b(b &,b-!-b'bb)%2b(/+b'b(/+b "'b0"-!(.-b --"' b
,-%Ib(+b1&)%b*."3_,!(0b &,Ib0(+b &,Ib'b-,$b,"&.%-"(',b0!+b"+'-b
*.,-"(',Ib%.,Ib'b#(b (%,b&$b!b &b(+b,"&.%-"('bb+,!b!%%' Hb

!+b)(,,"%Ib."%b"'"/".%b &b-"/"-",b+(&bb(&&('b-&)%-b-!-b',.+,b
(',",-'2b"'b-!b",)%2Ib+.%,Ib'b()+-"('b(b-!b"'"/".%b &,Hb&)%-,b(+b
(&&('b-2),b(b &,b+b+%-"/%2b"'1)',"/Hb
'Ib/'b"b2(.b+b/%()"' b2(.+b
(0'b &,Ib+-"' b-&)%-,b"+,-b'b,-"%%b,/b-"&b'b&('2Hb

b
 



%)-&
)!+!)!(



'$!$
-
(!$


b
+C5
D85
C1=5
DI@5
71=5
6?B
D5CD9>7

.,b &,b'b,+/b,b(b-"/"-",b'b,b-,-,Ib"-b&$,b,',b-(b.,b-!b,&b,"b
&b(+b-!b-,-a0"-!b,(&b"+',Hbb

H 'H ),H."H)H.#0#.3H 'H ),H."H.-.H

/,*)-H (b)+(/"b)+-"b(+b-(b)+(/($b (b&,.+b(&)%",!&'-b(b

",(/+2Hb -!b(#-"/Hb

-%H (+b"'"-"%b%+'"' Ib-!b)+(%&b(+b
,b"".%-b,b-!(,bb"'b+%b

-,$b,," 'b-!b%+'+b&2bb %"Hb
,"&)%+b'b,"+b-!'b(',bb
"'b+%b%"Hb(+b&(+b/'b
%+'"' Ib-!b)+(%&,b+b
.-!'-"%%2b"".%-Hb

)"#(!?H ,Hb (Hb

-)/,-H
'2b-!-b0"%%b!%)b-(b%+'b"'b-!b '%2b-!(,b/"%%b"'b+%b%"Hb

&Hb

#'H (Hb ,Ib"b,)b(b)+(+&'b",b

&#'#.H +"-"%b"'b+%b,"-.-"(',Hb

.,#-H '%"&"-Hb "&"-Ib)'"' b('b-!b(,-,b

(b+%_0(+%b"%.+Hb

),?H (Hb ,Ib"b(-!+b-,-b-"/"-",b+b

,(+Hb
b

HD5>4
71=5
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b &,b'b,"&.%-"(',b2b(&"'"' b-!&b0"-!b
(-!+b-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
71=5C
G9D8
?D85B
13D9F9D95C


/b%+'+,b/"0bb)+,'--"('b('b(')-,b(+b)%2"' b-!b &b'b+b
&-+"%,b-+0+,b-(b1)%(+b",,.,b&(+b)%2Hb

+(/"bb)+,'--"('Ib+"' ,Ib(+b#(_",b,bb,(.+b(b',0+,b"'b*."3_,!(0b
&,b'b0(+b &,Hb

'%.b)+-"b-"/"-",b-!-b+*."+b-!b%+'+,b-(b(b(+b+%b0!-b0,b,"&.%-b"'b
b &Hb

/b%+'+,b!2)(-!,"3b.'+%2"' b(+&.%,Ib+.%,Ib)+"'")%,Ib(+b)+(,,,Hb!'b
+*."+b%+'+,b-(b)%'b.-.+b-"(',b,b('b"'"' ,Hb

b
 '$!$
-
(!$



%)-&
)!+!)!(



 

b
5C97>
71=5
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

'  b"'b&.%-"_)%2+b &,b-!-b+*."+b(&&.'"-"('Ib((+"'-"('Ib'b
-&0(+$Hb(+b1&)%Ib('.-bb+(%_)%2"' b-"/"-2b,bb &Hb 



+"',-(+&Ib",.,,Ib'b/(-b('b&(/,Hb

%)-&
)!+!)!(




+-b'b,!+b,"&)%b &,b'b).33%,Hb+(/"b-&)%-,b-(b,"&)%"2b+-"' b-!b
&Hb

!+b,.,,.%b'b.',.,,.%b,-+- ",Ib",(/+",Ib'b"'," !-,Hb

('-+".-b*.,-"(',b-(bb)((%b.,b"'b*."3_,!(0b &,Hb

%2b-!b &b,b'b"'"/".%b.-b -b/"b+(&b%%(0b%+'+,Ib1)+-,Ib(+b'b
1-'b,("%b'-0(+$Hb

5C97>
71=5
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

%2b)!2,"%b &,b'b(+b &,a.-"('%b(',Ib-!-b",Hb

(%/b).33%,b-!-b+*."+b -!+"' b"'(+&-"('b-b"+'-b%(-"(',Hb

","-b+%b%(-"(',b-(b,b0!-b-!b"'",!b).33%b,!(.%b%(($b%"$Ib(+b1&)%Ibb
#" ,0b).33%b('b+!"--.+Hb

+(+&b"',-+.-b-"(',b('b'b-.%b/"b0"-!b$b)+(/"b2b-!b&("%b
/"Hb

",.,,b &b)%2b-(b-+2b-(b"'-"2b.'+%2"' b+.%,Ib)+(,,,Ib(+b)+"'")%,Hb

$
"%)$
K

)E==1BI

(b-"/"-",b+b-!b)-!b-0'b"'(+&-"('b'b$'(0% Ib-0'b1)%'-"(',b'b
,$"%%,Hb!2b).-b+"',b"'-(b-"('Ib1)%(+"' Ib",(/+"' Ib)+-""' Ib+"'"' Ib'b
)+-"' b$'(0% b'b,$"%%,Hb +'+,b,!(.%b,)'b-b%,-b!%b-!"+b-"&b"'b
&'"' .%b(b-"/"-",Hb(b-"/"-",b"'%.Jb

,.#H.#0#.#-b-!-b1+",b'b+"'bb0"b+' b(b,$"%%,b+(&b,"&)%b
&!'"%b,$"%%,b-(b(&)%1b'%2-"%b(+b"'-+)+,('%b,$"%%,Hb

#-)0,3H.#0#.#-b-!-b.,b1)%(+-"('b'b1)+"&'--"('b-(b%b%+'+,b-(b
",(/+b'0b(')-,Ib)+"'")%,Ib'b-,b(+b-!&,%/,Hb

'-H(H-#'/&.#)(-b-!-b%-b%+'+,b",(/+b'0b$'(0% Ib-+2b(.-b-!"+b
+(0"' b,$"%%,Ib'b&('"-(+b-!"+b)+( +,,a%%b0!"%b!/"' b.'Hb

b
 



%)-&
)!+!)!(



'$!$
-
(!$


b
&93;
?
13D9F9D95C
D?
133?=@<9C8
<51B>9>7
?2:53D9F5C

!b(%%(0"' b#(b"b-",b-!b,"1b-2),b(b(#-"/,b-(b(&&('b-2),b(b(b-"/"-",Hb

%(' b-!b%-b+b-!b&"'b-2),b(b-"/"-",b +(.)b"'-(b+-"Ib",(/+2Ib'b
&,b'b,"&.%-"(',Hb 'b(%.&',b+b-!b,"1b-2),b(b(#-"/,Hb
b"+%b-b-!b
"'-+,-"('b(bb-2)V,b(%.&'b'b'b-"/"-2V,b+(0b&',b-!-b-!b-"/"-2b",b
+(&&'b(+b-!-b-2)b(#-"/Hb
b%$b(-b"'"-,bb,-+(' +b+(&&'-"('Hb

)HH 3*-H) H)$.#0-H

.#0#.#-H ,.H #H )H ()1H &#0H &H
+"%%_'_)+-"b b b
b b b b
,.#H

',_('b b b
b b b b

."b'%2,",b b
b b b b b

"+-.%b%b b b b b b b
)0,3H
#-GH

,b,-.2b b b b
b
b b
."3b,!(0b
b b b
b b b

(+b).33%b b b b
b b b
'-H(H-#'/&.#)(-H

" ,0b).33%b
b b
b
b b b

+'!"' b,'+"(b b
b b b
b b
,$b,"&.%-"('b b
b
b b b b

+,('%b+,)(',b,"&b b
b b b
b
b
'/"+('&'-%b,"&b b
b b b
b
b
(%_)%2"' b,"&b b b b b
b
b
b

?B
=?B5
K

(b-"/"-",b+b(-'b,(+Hb!-b-.+',b-!&b"'-(b-,-,Hb!$b(.-b!)-+b=b(+b&(+b
",b('b-,-,Hb(&b(''-b-"/"-",b+*."+b("' b-!"' ,Hb+!),b,(&b(b-!&b(.%b
,+/b,b(b-"/"-",b,b0%%Hb (($b-b!)-+b<b(+b,(&b",Hb
(b"'b&(+b('b(b-"/"-",Ib,+!b-!bb(+b(&"'-"(',b(b-!,b-+&,Jb7!'##Ib
#)')+).Ib"Ib("*!)$#Ib%')38(8()*.Hb

b

H
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

?>>53D
DI@5

13D9F9D95C

b

"'$"' b%+'"' b-(b%"Ib0(+$Ib

'b.-.+b%+'"' b
b
(''-b-"/"-",b!%)b%+'+,b%(,b-!b )b-0'b%+'"' b'b-!b+,-b(b-!"+b%"/,Hb
!2b)+)+b%+'+,b-(b))%2b%+'"' b"'b,"-.-"(',b-!2b'(.'-+b-b0(+$Ib"'b%-+b
%+'"' b(+-,Ib'b"'b-!"+b)+,('%b%"/,Hb b
,(+b-"/"-",b+b-!b'(.',b'b(b
-"/"-",b-!b/+,Ib-!'b(''-b-"/"-",b+b-!b('#.'-"(',b(b%+'"' Hb

%+*
%$$*
*,*)

(''-b-"/"-",b"'- +-b0!-b0b+b%+'"' b0"-!b0!-b0b$'(0Hb-'b,"&)%b'b
,.-%Ib(''-b-"/"-",b+b+ .%+%2b' %-b2b," '+,b0!(b%/b%+'+,b-(b&$b
(''-"(',b('b-!"+b(0'Hbb
(''-b-"/"-",b+" b ),Hb!2b(b'(-b,(b&.!bb'0b$'(0% b'b,$"%%,b,b-"b
-( -!+b)+/"(.,%2b%+'b,$"%%,b'b$'(0% Hb 'b("' b,(Ib-!2bb!" !+_%/%b
$'(0% b'b,$"%%,Hb(b$'(0b0!-!+b'b-"/"-2b",bb(''-b-"/"-2Kb0b!/b-(b,$b
-!b).+)(,b(b-!b-"/"-2Hb b-!b).+)(,b",b)+"&+"%2b-(b-!b,(&-!"' b'0Ib"-b",bb(b
(+b'b
,(+b-"/"-2Hb b-!b).+)(,b",b-(b%"'$b-(b,(&-!"' b%+2b$'(0'b(+b)+(&)-b
))%"-"('b(b%+'"' Ib"-b",bb(''-b-"/"-2Hb

H
H
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
?==?>
DI@5C
?6
?>>53D
13D9F9D95C

(''-b-"/"-",b+' b+(&b,"&)%b,-()_'_-!"'$b*.,-"(',b-(b(&)%1b+%_0(+%b
0(+$b,," '&'-,Hb+b+b-2),b(b(''-b-"/"-",b-!-b!/b)+(/'b-!&,%/,b"'b
%,,+((&b'b('%"'b%+'"' Jb

)(,H.#0#.#-HO)Hb9>>Pb+*."+b%+'+,b-(b-!"'$b)%2b'b+(%2b(.-bb,.#-Hb
!2b+*."+b%+'+,b-(b',0+b+!-(+"%b*.,-"(',Ib&"--b(.-b-!b,.#-Ib
"'-"2b1&)%,Ib/%.-b1&)%,Ib,.&&+"3b%+'"' Ib'b+"',-(+&b",Hb

/-.#)(#(!H.#0#.#-bO)Hb9?>Pb%-b%+'+,b"%%b"'b ),b'b+,(%/b('.,"('b2b
,$"' b*.,-"(',b(b-!+,Ib1)+-,Ib'b%%(0b%+'+,Hb

.),#-H3H&,(,-bO)Hb9@<PH+*."+b%+'+,b-(b+%%b/'-,b+(&b-!"+b(0'b%"/,Hbb

)H#-HO)Hb9@?Pb+b-((%,b-!-b!%)b%+'+,b))%2b%+'"' b-(b+%_0(+%b-,$,Hb!2b
"'%.b %(,,+",Ib%.%-(+,Ib'b_(',.%-'-,Hb

-,"H.#0#.#-HO)Hb9A>Pb+*."+b%+'+,b-(b",(/+b'b.,b-!"+b(0'b,(.+,b(b
"'(+&-"('Hb!,b"'%.b,/' +b!.'-,b'b ."b+,+!Hb

,#!#(&H1),%HO)Hb:8?Pb+*."+,b%+'+,b-(b)+(+&b '."'b0(+$b'b,.&"-b"-b(+b
+"-"*.Hb

-85>
D?
651DEB5
?>>53D
13D9F9D95C

+'+,b(-'b"%b-(b))%2b0!-b-!2b%+'Hb(+b1&)%Ibb&' +b),,,bb(.+,b('b
!(0b-(b"'-+/"0b)()%b(b"+'-b.%-.+,Hb"1b&('-!,b%-+b,!b(-!,b'b
&)%(2&'-b"'-+/"0b(bb,!2b +'"'b0(&'b0+"' bb-+"-"('%b!b,+Hb
b&-!b
,-.'-b&2b -b'b
b"'b"'-+(.-(+2b%.%.,b.-b%-+bbb"'b/'b%.%.,Hb!2Mb
b"b'(-b))%2b-!b(')-,b+(&b-!b"'-+(.-(+2b(.+,b-(b-!b/'b(.+,Ib
0!"!b,,.&,b-!b"'-+(.-(+2b&-+"%b,bb)++*.","-Hbb

b2(.b+b&"%"+b0"-!b('%b "+$)-+"$V,b(.+_%/%b/%.-"('b&(%Ib2(.b$'(0b-!b
"&)(+-'b(b))%"-"('Hb
))%"-"('b",b+" !-b-!+b('b%/%b;Ib%%b+$'Hb -b,$,b
0!-!+b%+'+,b))%2b0!-b-!2b-.%%2b%+'bO%/%b:Pb-(b-!"+b,.,*.'-b!/"(+Hb
'%,,b))%"-"('b(.+,Ib"'-'b(+ '"3-"('%b+,.%-,bO%/%b<Pb'/+b(.+Hbb

2b-!b02Ib"b2(.b+b'(-b&"%"+b0"-!b('%V,b&(%Ib2(.b,!(.%bHb
b+!*)#8
'##8'$'"(b2b('%b'b!",b,('b-(b2(.+b
&3('b,!())"' b+-Hb
'bb,.+b-(b
+b!)-+b99bO0"'$Ib0"'$PHb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
(''-b-"/"-",b"&b,*.+%2b-b"'+,"' b))%"-"('b(b%+'"' Hb(b.,b(''-b
-"/"-",b0!'Jb


**&#.#)(H#-H,/#&Hb!b,.,,b(b"'"/".%,Ib(+ '"3-"(',Ib(+b,("-",b)',b
('b%+'+,b))%2"' b,$"%%,b'b$'(0% Hb/+2b2b)()%b"b.,b,-2b
"',-+.-"(',b+b" '(+Hb('(&",b, b.,b-!"+b0(+$+,b+b'(-b(&)-"-"/b"'bb 


%(%b('(&2Hb

%$$))-&
)!+!)!(





**&#.#)(H#-H().H+/.Hb+!),b%+'"' b",b))%"b.-b'(-b"'b'(. !b)-!b(+b
2b'(. !b)()%Hb(+b1&)%Ib&'2b(&)'",b!"+b1)',"/b&' &'-b
(',.%-'-,b-(b-!b-!"+b&)%(2,b,.#-,b%"$b"1b" &b(+b Hb"1b&('-!,b%-+b
-!b)(,-+,b+b)%"' b(b-!b0%%,b'b-!b,%( '_&(,,b)'"%,b!/b'b
+(.'b(0'b-(b-!b'",Ib'b-!b('%2b%,-"' b+,.%-b",bb0b"-"('%b(b&. ,b"'b
-!b+$b+((&Hb!b-!"' b&2b!/b'b +-Ib.-b-!+b0,b,'-b))%"-"('Hb

)/H."HH!(,&H-/$.Hb+(b)+"'")%,b'b(')-,b'bb))%"b"'b/+"b
,"-.-"(',Hb(.b''(-b"'%.b'(. !b1&)%,b'b.,-(&b-"/"-",b-(b)+)+b
%+'+,b-(b))%2b-!b%+'"' b"'b/+2b)(,,"%b,"-.-"('b-!2b&2b'(.'-+Hb(+b
1&)%Ibb(.+,b('b.,"',,b0+"-"' b&" !-bb))%"b2b'b' "'+b-(b0+"-bb
-!'"%b,)""-"('b(+b2bb&+$-"' b&' +b-(b0+"-bb,%,b)+()(,%Hb

,(,-H)/.H**&##&#.3H) H'.,#&Hb(%% b,-.'-,b))%2b"' b%+'"' b-(b
),,b(.+,,b-!2b+b+*."+b-(b-$b.-b(+b0!"!b-!2b,b'(b)+-"%b/%.Hb0(b
0$,b-+b-!b'b(b-!b-+&Ib-!2b!/b(+ (--'b&(,-b(b0!-b-!2b%+'Hb .!b
(&)%"'b-+"'"' b"'b"'.,-+2b+,b'(b--+Hb +'+,b -b-!"+b-"$-,b).'!b'b
(b('b#.,-b,b"b'(-!"' b!))'Hb!2Mb!2b'/+b,0b!(0b0!-b-!2b0+b%+'"' b
))%"b-(b-!"+b%"/,Hb

,(,-H(().H'%H)((.#)(-H3H."'-&0-Hb(&-"&,b"-b-$,b1-+(+"'+2b
(+-,b-(b,b-!b(''-"('b-0'b,-+-b,.#-,b'b"%2b%"Hb!",bW"'b-!b
%(.,Xb,-" &b)% .,b&-!&-",Ib,"'Ib)!"%(,()!2Ib'b(3',b(b(-!+b
,.#-,Hb '2b%+'+,b%$b-!b1)+"'Ib&(-"/-"('Ib(+b+-"/"-2b-(b&$b
(''-"(',b('b-!"+b(0'Hb

(''-b-"/"-",b'b,(%/b-!,b)+(%&,b0"-!(.-bb%(-b(b1-+b(+-Hb
,bb+.%Ib-!2b
+*."+b('%2b(.-b98Bb(b%+'+,Vb-"&Hb(&-"&,bb+!-(+"%b*.,-"('b&2bb%%b2(.b
'Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b

&%$(
*,*)

('+b-"/"-",b+*."+b%+'+,b-(b-!"'$b)%2b'b+(%2b(.-b
0!-b-!2b+b%+'"' Hb!2b(.,b--'-"('b('b-!b,.#-b'b"'/"-b
%+'+,b-(b()-bb'0b)+,)-"/b+ +"' b-!b,.#-Hb

2?ED
@?>45B
13D9F9D95C

('+b-"/"-",b+b,"&)%b%+'"' b1)+"',b-!-b)+(&)-b-!b%+'+b-(b1&"'b",b
+(&bb'0b)+,)-"/Hb!2b,2Jbb
!;67
(5+
;/052
()6<;
0;

&664
)(*2
(5+
:,,
;/,
)0.
70*;<9,

662
(;
0;
-964
(
+0--,9,5;
(5.3,

('+b-"/"-",b+b%"$b%,,+((&b-"/"-",b.+"' b0!"!b-!b-!+b)+(+&,b'b(.-_
(_-!_(+"'+2b-"/"-2b-(b+$b-!b+(.-"'b'b-(b -b%+'+,b-(b%(($b-b-!b,.#-b
+,!Hbb

-85>
D?
EC5
@?>45B
13D9F9D95C

,b)('+b-"/"-",b0!'b2(.b'b%+'+,b-(b-!"'$b(.-bb,.#-b"'bb'0b02Hb,b
-!&b-(Jb

'(.+ b+(+b'b)+b-!(. !-b(.-bb,.#-Hb

$b%+'+,b0+b(b!(0b",b'b/%.,b))%2b"'b-!"+b%"/,Hb

.b-.''%b/","('b+,.%-"' b+(&b,-+,,b(+b'1"-2Hb

+" +b(')-.%b+$-!+(. !,b2b --"' b%+'+,b-(b"'- +-b,)+-b",b"'b
'0b02,Hb

*I@5C
?6
@?>45B
13D9F9D95C

('+b-"/"-",b(&b"'b,/+%b%/(+,Hb+V,bb%",-b(b-2),b'b0!-b-!2b(Hb

".),#&H+/-.#)(-bO)Hb9>?Pb,$b-!(. !-_)+(/($"' b*.,-"(',b-(b"+-b--'-"('b-(b'b
,)-b(b-!b,.#-Hb

#..#)(-bO)Hb9>@Pb)+(&(-bb+%1Ib()'b(',"+-"('b(b-!b,.#-Hb

#.G2'*&H.#0#.#-bO)Hb9?9Pb+*."+b%+'+,b-(b"'-"2b+%_0(+%b"',-',b(bb
(')-b(+b- (+2Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

0&/.#)(-bO)Hb9?:Pb,$b%+'+,b-(b#. b-!b"&)(+-'b(+b/%.b(b'b"-&b.'+b
,-.2Hb

/'',3H.#0#.#-bO)Hb9?<Pb+*."+b%+'+,b-(b"'-"2b'b+)b"&)(+-'-b
)+"'")%,Ib(')-,Ib-,Ib-"),Ib'b(-!+b"-&,b(b%+'"' Hb
'b,("%b%+'"' Ib+"',-(+&"' bO)Hb<?:Pb%,(b)+(/",bb(''-b-"/"-2b0!+b%+'+,b



(%%-b,. ,-"(',b+(&bb +(.)b(b%+'+,Hb

%$$))-&
)!+!)!(



?G
@?>45B
13D9F9D95C
G?B;

('+b-"/"-",b+b.,.%%2b,"&)%b('_,!(-b1)+"',b0"-!(.-b'2b,*.'Hb b-!2b
"'/(%/b&(+b-!'bb(.)%b(b,-),Ib-!2b+b)+(%2b)+-b(b'(-!+b-2)b(b-"/"-2Hb!b
.--+b,"&)%""-2b(b)('+b-"/"-",b&$,b"-b,2b-(b"'- +-b-!&b"'-(b(-!+b&(+b
(&)%1b-"/"-",Hbb(-'b"'-+%/b)('+b-"/"-",b0"-!b(b'b
,(+b-"/"-",b
0"-!(.-b-!b%+'+b'(-""' b-!b(''-b-"/"-2b,bb,)+-b/'-a,)"%%2b"b"-b",bb
,"&)%b(+&b,.!b,bb+!-(+"%b*.,-"('Hb

(85D?B931<
AE5CD9?>C

!-(+"%b*.,-"(',b)+(/($b-!(. !-Hb!2b&2b'(-b+*."+bb/","%b+,)(',b+(&b
%+'+,Ib.-b-!2b(b+*."+b%+'+,b-(b-!"'$b)%2b"'b(++b-(b',0+b-!b*.,-"('b(+b
-!&,%/,Hbb,(&-"&,b%%b-!&b()$%7#7)# b*.,-"(',Hb
'b-!b(#8#))8')(b(.+,Ib b"'%.b-!,b*.,-"(',b"'b('b-()"Jb

b
!+b0+b'(b!$(1,b(+b%+'+,b-(b%"$b'b'(b-1-b(1,b(+b%+'+,b-(b-2)b"'b
-!"+b',0+,Hb!"'$"' b(.-b-!b',0+,b0,b'(. !Hb

-85>
D?
EC5
B85D?B931<
AE5CD9?>C

,bb+!-(+"%b*.,-"('b,bb,"&)%b02b-(b -b%+'+,b-(b-!"'$b(.-bb,.#-Hb(+b
1&)%Ib0!'Jb

%_0(+%b1&)%,b(.'b'b2(.b('%2b'b-(b"+-b%+'+,Vb--'-"('b-(b-!&Hb


%%b2(.b'b-(b(b",b-(b -b-!b%+'+,b-(b-!"'$b(.-b'b,)-b(b-!b,.#-Hb

(.b%$b-"&Ib,)Ib(+b'+ 2b-(b(b&(+Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
5CD
@B13D935C
6?B
B85D?B931<
AE5CD9?>C

(.b'b,$b+!-(+"%b*.,-"(',b(.-b'2b-()"b2(.b-!Ib,.!b,bb)(%"2Ib)+(.+Ib
)+"'")%Ib(')-Ib--"-.Ib(+b/%.Hb(b!(0b(b2(.b,$b ((b+!-(+"%b*.,-"(',Mb

-%H-.)*G(G."#(%H+/-.#)(-Hb!+,b,"'b(+-,b!/b)))+b,-.'-,b0"-!b
+!-(+"%b*.,-"(',b," 'b-(b"+-b-!"+b-!(. !-,b-(b,)-,b(bb,.#-Hb+b+b
,(&b)+(/'b-!(. !-_,-+-+,Jb

!2b(b2(.b-!"'$b-!",b",b,(Mb!2b"b-!",b!))'Mb

!-b(-!+b+,.%-,b(.%b2(.b1)-Mb

!+b0"%%b-!",b"b))%2Mb!+b0"%%b"-b'(-b))%2Mb

(0b'b2(.b))%2b-!",b"Mb

(0b"&)(+-'-b",b-!",b"b-(b2(.Mb

(0b(',",-'-b",b-!",b"b0"-!b(-!+b-!"' ,b2(.b$'(0Mb
%H+/-.#)(-H*,-)(&;b-.+b-!b,('b)+,('b,"' .%+JbW(0b0"%%b3)/bLMXbW!2b
(b3)/bLMXb-b%+'+,b-(b-!"'$b(.-b-!"+b(0'b1)+"',Ib$'(0% Ib--"-.,Ib'b
/%.,Hb
+/#,H.")/!".H)/.H."H-/$.H(H."H&,(,B-H1),&;b .,-b,$"' b*.,-"(',b(.-b
-!b,.#-b&$,b-!b*.,-"('b,&b%"$bb-,-Hb(b).-b-!b*.,-"('b"'b-!b%+'+V,b
('-1-HbW 'b-!b0(+$b-!-b2(.b(Ib0!-b",b-!b,-b02b-(bLMXbb

+/#,H-)'H.#)(H# H(--,3;bW"'b'b1&)%b(b-!",b"b'b-!'b',0+b-!,b
*.,-"(',b(.-b"-bLHHXbb
,#!!,H.")/!".H)/.H1"(<H1",<H")1<H(H1"3H.)H**&3H&,(#(!;b
,$b*.,-"(',b
%+'+,b0(.%b!/b-(b',0+b(+b))%2"' b%+'"' b(+b+%HbW(0b(-'b0"%%b2(.b
))%2b-!",b"MXb

#549D1D9?>
13D9F9D95C

!b0(+b&"--"('b&2b('#.+b-!b"& b(b,(&('b,"--"' b+(,,_% Ib+)-%2b
!'-"' bW(&HXb
%-!(. !b,.!b(+&,b(b&"--"('b&" !-b)+(/($bb+%1b,--b
))+()+"-b(+b%+'"' b(+b%b-(b&2,-"%b"'," !-,a-!-b",b'(-b0!-b b!/b"'b&"'b2bb
&"--"('b-"/"-2Hb "--"('b"'/(%/,bb+%1b(',"+-"('b(bb,.#-b0"-!bb&"'b
()'b-(b"'," !-,b-!-b&2b(.+Hbb

"--"('b-"/"-",b+b'(-b-" !-%2b(.,Hb!b" b)"-.+b'b('-'-b+b&(+b

"&)(+-'-b-!'b"'-+"(+b-"%,Hb "--"('b-"/"-",b&2b"'/(%/b&(+b-!'b( '"-"/b
,)-,b(bb,.#-Hb!2b&2b%/b"'-(b&(-"('%b&'"' ,b'b"&)%"-"(',b(+b-!b
%+'+V,b/%.,b'b--"-.,Hb "--"(',b&2b.,b'('_/+%b'b'('_1)%""-b&"b
,.!b,b&.,"b'b,-+-b +)!",Hbb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
H1=@<5
?6
1
=549D1D9?>
13D9F9DI

'b('b)+(#-Ib b'b-(b+('b-!b(')-b(b/","('b+(&b#.,-bbW/","('b,--&'-Xb-(b
,(&-!"' b"'/(%/"' b-!b%"' ,b(b-!b +(.)b'b!(0b-!(,b%"' ,b ."b-!b +(.)V,b
-"(',Hb




b,('+2b).+)(,b0,b-(b!%)b-!b%+'+,a-!b/","('b(&&"--b(+bb!+",-"'b

%$$))-&
)!+!)!(



!.+!b(' + -"('Ib0!(b!/b(-!+b#(,Ib&'"' b&"%",Ib'b.,2b%"/,a-(b%-b (b
(b-!"+b"%2b('+',b%(' b'(. !b-(b0(+$b-( -!+b"'b-!",b(.+,Hb

(b(&)%",!b-!,b
(#-"/,Ib b 'b!b%,,('b
0"-!b&"--"('b-"/"-",Hb!b
%,,('b,-+-b0"-!bb) b
-.+"' bb,-"'_ %,,b
0"'(0Hb'b!b0"'(0b
0,bb"+'-b%(0+b+(&b
-!b!+",-"'b"%Hb!b
).+)(,b0,b-(b+0b%+'+,b
(.-b(b-!"+b'(",2b0(+%b2b
%--"' b-!&b%(($b-bb.-".%b
b "& Hb

!b!("b(bb0"'(0b0,b'(-b"'-%Hb!b0"'(0b+"'(+b-!b&,, b-!-b
/","('b%(($,b(.-0+b'b(%(+,b!(0b-!b(+ '"3-"('b,,b-!b%+ +b(&&.'"-2b(b
0!"!b"-b",bb)+-Hb

(b.+-!+b!%)b%+'+,b",'  b+(&b"%2b('+',Ib-!b) b"'%.bb.--('b-(b

)%2b&.,"b,,("-b0"-!b,)"+"-.%b/%.,Hb

!b,('b) b(b-!b%,,('b
"'%.b&"--"/b-"/"-",b
," 'b-(b.+-!+b-!b
('-&)%-"/b&((b
',,+2b-(b0(+$b,bb-&b-(b
",(/+bb(&&('b/","('Hb
!b&"'b-"/"-2b('b-!",b) b
)+,'-b"+'-b,-2%,b(b
&.,"b'b!%%' b
)+-"")'-,b-(b)"$b('b-!-b
+%-b-!"+b/","('Hbb
b
."%-b.,"' b
(b+&0/+b'b
-"/b+/+b ,b

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
!",b-"/"-2b)+(/($b%"/%2b",.,,"('b,b%+'+,b,$b!b(-!+IbW!2b(b2(.b%b
-!-b02MXb

(.'"' b(.-b-!b&"--"('b0+b*.(--"(',b+(&b,(.+,b,+b'b(&&('a "'b

+"'(+"' b-!b)("'-b-!-b'b(+ '"3-"('V,b/","('b(''-,b"-b-(b-!b,.++(.'"' b0(+%b
+-!+b-!'b",(%-"' b"-Hb

-85>
D?
EC5
=549D1D9?>
13D9F9D95C

"--"('b-"/"-",b+b,)"%%2b/%.%b(+b,.#-,b-!-b&2b-+" +b&(-"('%b
+,",-'Ib(+b1&)%Ib%+,!")b,-2%Ib' (-"-"('Ib-!"%b!/"(+Ib)(%"-",Ib'b
%"' b0"-!b' +2b)()%Hb!2b+b%,(b ((b0!'b",.,,"' b,"b!.&'b/%.,b(+b
-!"' b,)-,b(b,)"+"-.%"-2Hb

,b&"--"('b-"/"-",b-(Jb

&2H.(-H&,(,-Hb%)b-!&b",'  b+(&b(.-,"b('+',b-!-b(.%b"'-++b
0"-!b-!"+b%+'"' Hb

,)(H."H )/-H(H'*"-#4H)(.2.Hb-b%+'+,b-(b,-)b$b'b,b!(0bb
,.#-b"-,b"'-(bb+(+b,!&Hb

(0)&0H).",H-(-),3H')&#.#-H(HC#(.&&#!(-Da(+b/+"-2Ib,.+Ib.-b"'bb
).+)(,.%b02b-!-b%+'+,b0"%%b"'b'-.+%b'b,)(',(+,b0"%%b)2b(+Hb

,*,H ),H1),%H,+/#,#(!H)*((--H(H,.#0#.3Hb "--"/b-"/"-",b'b
",'  b+"-"%b'b'%2-"%b&(,b(b-!"'$"' b0!'b-!2b&" !-b"'-++Hb

()/,!H")&#-.#H."#(%#(!Hb%)b%+'+,b+,(%/b('%"-,b'b"'(',",-'",b
-0'b0!-b-!2b+b%+'"' b'b0!-b-!2b%"/Hb
b!/b%,(b.,b&"--"('b-"/"-",b-(b+.b-',"('b"'bW!+Xb,.#-,b,.!b,b%0b'b
(&).-+b)+( +&&"' b2b+&"'"' b%+'+,b!(0b-!,b,.#-,b"-b"'-(b-!b%+ +b
.'"/+,b(b!.&'b'/(+,Hb

#?B5
;9>4C
?6
=549D1D9?>
13D9F9D95C

+b+b,(&b&(+b,"&)%b&"--"('b-"/"-",Jb

)&),#(!Hb +'+,b&.,-b)"$b(%(+,b(+bb,2&(%b'b#.,-"2b-!b"&)%"-"(',b(b-!"+b
!(",Hb

3')&#4#(!Hb+!bb%")_+-b%"++2b(+b%%b-!b"+'-b02,b-(b+)+,'-bb +(.)Ib
(')-Ib/%.Ib(+b)+"'")%Hb .,-"2b-!b!("Hb

"(.#(!Hb)-%2b,2b-!b'&b(bb(')-b(+b(+ '"3-"('b-(b,',b"-,b!"'b
,,("-"(',Hb

*H1."#(!Hb1)+"'bb/"(b, &'-b'(+&%%2Ib-!'b0"-!b-!b,(.'b-.+'b(Ib
-!'b0"-!b('%2b-!b,(.'Ib-!'b"'b,%(0b&(-"('Ib'b"'%%2b,)b.)Hb

(#(!H+/-.Hb+!b-!bb-(b(%%-b(+b(&)+b*.(--"(',b('bb,.#-b(+b
"'"-"(',b(bb-+&Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b

$H0#1#(!Hb '-"2b'"'-b'%( ",b-(b&(+'b-!'(%( ",b'b+'-b!",-(+"%b
/'-,Hb

5CD
@B13D935C
6?B
=549D1D9?>
13D9F9D95C

"--"('b-"/"-",b+b,.-%b'b'"-b+(&b,',"-"/b," 'Hb


%$$))-&
)!+!)!(




0HH!))H,-)(H ),H."H.#0#.3Hb '2b," '+,b-!+(0b"'b(%(+.%b+-0(+$b(+b
&.,"b(+b'(b ((b+,('Hb(.+b+,('b(+bb&"--"('b-"/"-2b&2bb"'-%%-.%Ib
&(-"('%Ib(+b,)"+"-.%a.-b'(-b#.,-b(+-"/Hb

&,# 3H3)/,H*/,*)-Hb!-b(b2(.b0'-b-!b-"/"-2b-(b!"/Mb1"-&'-b(+bb%&Ib
+)-"/b&"'Mb
+b2(.b-+2"' b-(b&$bb,.-%b)("'-Mb+b",b2(.+b (%b-(b -b%+'+,b
-(b).-b,"bb",b(+b)+#."Mb

2*&#(H."H,-)(b ),H."H.#0#.3b%,-b%+'+,b-!"'$b2(.b+b"' bW0"+b(+b0"+V,b
,$HXb

,3H."H.3*b) H'#..#)(H.#0#.3Hb"+'-b%+'+,b0"%%b+,)('b-(b"+'-b-2),b
(b-"/"-",Hb,b"+'-b&"Hb(',"+b&.,"Ib,2&(%"b +)!",Ib'"&-"('Ib'b
/"(Hb

9D55H1=@<5
13D9F9D95C

!%%' b%+'+,b-(b"'-"2b"',-',b(bb(')-b(+b- (+2b2(.b!/b,+"b'b
"%%.,-+-Hb.!b'b-"/"-2b(''-,b-!b(')-b(+b- (+2b0"-!b-!"' ,b-!b%+'+b",b
%+2b&"%"+b0"-!b(+b'b,"%2b"'b"'b-!b0(+%Hbb

!",b-"/"-2b+*."+,b%+'+,b-(b
"'-"2b1",-"' b1&)%,Ib'(-b-(b
+-b(+" "'%b1&)%,Hb+-"' b
(+" "'%b1&)%,b",b)+-b(b-!b
+" "'%b0(+$b-"/"-2bO)Hb:8?PHb

b(.+,b('b"'(+&-"('b
+!"--.+b!%%' b%+'+,b-(b
"'b1&)%,b(bb,"-,b
(+ '"3b(+"' b-(b"+'-b
)+"'")%,Hbb
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
-"/b+/+b
 ,Hb
b

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
'b-!b(#8#))8')(b(.+,Ib b"'-+(.b)''2b&+$+,b'b-!'b!%%' b
%+'+,b-(b"-b1&)%,Hb

b
!-V,b+" !-Hb(&-"&,bb+!-(+"%b*.,-"('b",b%%b2(.b'Hb

-85>
D?
81F5
<51B>5BC
945>D96I
5H1=@<5C

*."+"' b%+'+,b-(b"'-"2b1&)%,b!"/,b,/+%b.-"('%b (%,Ib,.!b,Jb

(.'"' b(.-b-!b"'"-"('b(bb-+&b(+b- (+2Hb

$"' bb(')-b&(+b('+-b'b,)""Hb

+"2"' b-!-b,-.'-,b'b(++-%2b))%2b-+&,b'b- (+",Hb

+(/"' b-!b))%""%"-2b(b%+'"' Hb

!b+,)(',b(b('b,-.'-b-(b,.!b'b-"/"-2b,!(0,b"-,b/%.JbW(0Hb!",b,-.b+%%2b
1",-,Hb b'/+b$'0HXb

5CD
@B13D935C
6?B
39D55H1=@<5
13D9F9D95C


+/#,H-,"#(!H.)H #(H2'*&-Hb*."+b%+'+,b-(b(b&(+b-!'b)"$b+(&b%",-,b
2(.b)+(/"Hb(b,"&)%"2b-!b,+!Ib "/b%+'+,bb,-+-"' b)("'-Hb b1-',"/b
,+!"' b",b+*."+Ib(&"'b-!b"-_1&)%b-"/"-2b0"-!bb+,+!b-"/"-2b
O)Hb9A>PHb

#'*&# 3H-/'#..#(!H2'*&-Hb -b%+'+,b,.&"-b2b'-+"' bb+,,,b(b-!b
1&)%,Kb2b.)%("' b(+b_&"%"' bb)!(-( +)!Ib,(.'b+(+"' Ib(+b/"(b%")Kb(+b
2b "/"' b"+-"(',b('b!(0b-(b"'b-!b1&)%Ib,.!b,b)+(/""' b"-,bb
((+"'-,Hb 'b'b('%"'b&-"' Ib!/b%+'+,b"'-"2b1&)%,b2b'-+"' b-!&b"'b
!-bO)Hb<9@Pb(+b,+""' b-!&b(+%%2b2b."(_('+'"' bO)Hb<:8PHb

*# 3H."H.3*H) H2'*&-H-)/!".Hb%+%2b"'b-!b- (+2b(+b(')-b(+b0!"!b
1&)%,b+b,(. !-Hb!(0bb0b1&)%,b,b&(%,b(b-!b-2)b1&)%,b%+'+,b
,!(.%b"'-"2Hb
%,(b,)"2b'2b*.%"-2b,-'+,bOW% "%2b(+&--XPIb+*."+b
!+-+",-",bOW-b%,-b-!+b%/%,b)XPIb(+b-!'"%b%"&"--"(',bOW9b b&1XPHb

()/,!H*,-)(&H2'*&-Hb
,$b%+'+,b-(b%(($b(+b1&)%,b"'b-!"+b(0'b
1)+"',Ib0(+$Ib)+,('%b%"Ib'b)+"(+b.-"('Hb

F1<E1D9?>
13D9F9D95C

*."+b%+'+,b-(b+-b-!b"&)(+-'b(b"-&,b(b%+'"' Hb +'+,b&.,-b#. b+(&b
-!"+b)+,('%b)+,)-"/Ib,.!b,b"'b-!b('-1-b(bb)+(#-b"'b0!"!b-!b"-&,b(b
%+'"' b&" !-bb))%"Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b

!",b1&)%b+*."+b%+'+,b
-(b+-b-!b.-"%"-2b(b/+"(.,b
,,b&-!(,b(+b'b('%"'b
(.&'-b(+bb,"-b-!2b
0+b+-"' Hb



b

%$$))-&
)!+!)!(



b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
-"/b
+/+b ,Hb
b

'b/%.-"('b-"/"-2b'bb.,b,bb0!(%_%,,b-"/"-2b,b0%%Hb 'b'b('%"'b&-"' b
2(.b'b!/b-!b%,,b/(-b('b-!b/%.b(+b!b"-&Hb -b-!&b+_/(-b-+b(',"+"' b
-!b()"'"(',b(b(-!+,Hb

-85>
D?
EC5
5F1<E1D9?>
13D9F9D95C


,$"' b%+'+,b-(b+-b-!b"&)(+-'b(b",b-!2b!/b'b-. !-b!%%' ,b-!&b-(b
+"-"%%2b1&"'b-!(,b",b+(&bb)+,('%b)+,)-"/Hb.!b+_1&"'-"('b",b
/%.%b-(Jb

-b%+'+,b-(b,-+-b0"''(0"' b-!b",b-!2b0"%%b-.%%2b))%2Hb

(+b+(',"+-"('b(b"'"/".%b"-&,b'b-!"+b)+-"%b/'- ,b'b
",/'- ,Hb

)%b+(-b+.%_(%%(0"' b0"-!b,',"-"/b#. &'-,Hb

5CD
@B13D935C
6?B
5F1<E1D9?>
13D9F9D95C


,-)(&#4H,.#(!-Hb&"'b%+'+,b-(b/%.-b"-&,b+(&b-!"+b.'"*.b"'"/".%b
)+,)-"/Hb
,$b-!&bW(0b"&)(+-'-b(+b/%.%b",b-!",b"b)$8.$*MXb

.HH)(.2.H ),H0&/.#)(Hb--b-!b+b(+b0!"!b"&)(+-'b",b+-Hb,b)!+,,b
%"$bW"'b-!b0(+$b2(.b(Xb'bW"'b2(.+b&-!b(.+,,HXbb

+/#,H,#.,#;H/b%+'+,b,--b-!b+"-+"b-!2b.,b-(b#. b-!b"HbW-b-!b
"&)(+-'b+(&b9b-(b98b'b1)%"'b!(0b2(.b++"/b-b-!-b'.&+HXb

+/#,H*,#-#)(Hb
/("b/ .b+-"' ,b%"$bW ((b'bHXb*."+bb'.&+"b+-"' b
%(' bb,%b(+b+*."+b%+'+,b-(b+-b-!b+%-"/b"&)(+-'b(bb +(.)b(b",Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
)E==1BI
13D9F9D95C

.&&+2b-"/"-",b,$b%+'+,b-(b+)b0!-b-!2b!/b%+'Hb +'+,b&.,-b+/"0bb
,.#-b+Ib,%-b0!-b",b"&)(+-'-Ib(+ '"3b-!b,%-"('b%( "%%2Ib'b1)+,,b"-b
%+%2b"'b-!"+b(0'b0(+,Hb

!",b1&)%b!%%' ,b%+'+,b
-(b,.&&+"3bb(.&'-b'b
!(0b-!b",b(b-!b(.&'-b
))%2b-(b-!"+b0(+$Hb
b
b
b
b
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b ((%Hb
b

-85>
D?
EC5
CE==1BI
13D9F9D95C

.&&+"3"' b)+"(+b%+'"' b!,b,/+%b-,b('b%+'"' Hb -Jb

+)+,b%+'+,b-(b))%2b%+'"' b2b!/"' b-!&b+!+,b+%%"' b'b
"'(+&-"('Hb

+)+,b%+'+,b-(b-!b(+b"'(+&b(-!+,Ib,.!b,b&&+,b(b-!"+b-&b(+b,-.2b
+(.)Hb

+" +,bb,2,-&-"Ib)+,('%b+/"0b(b'b+b(b%+'"' Hb
!,b-"/"-",b%-b2(.b&('"-(+b%+'+,Vb%/%b(b.'+,-'"' Hb(b%+'+,b+%%b-!b
&"'b)("'-,Mb
+b-!b)("'-,b%( "%%2b"'- +-b'b)+"(+"-"3Mb/b%+'+,b-+',%-b
%+'"' b"'-(b-!"+b(0'b/(.%+2Mb

5CD
@B13D935C
6?B
CE==1BI
13D9F9D95C

#'*&# 3H,.#(!H."H-/'',3Hb
b%'$b-1-b+b",b'(-b%02,b-!b,-b02b(+b%+'+,b
-(b1)+,,bb,.&&+2Hb(+b,(&b,.#-,Ib2(.b&2b0'-b-(b!/b%+'+,b+0bb)"-.+b
'b,.&"-b"-b2b_&"%b(+b)(,-b"-b-(bb",.,,"('b(+.&Hb(+b(-!+b,.#-,Ib2(.b&2b0'-b

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
-(b,-+.-.+b-!b(+&b(b-!b,.&&+2Hb(.b(.%Ib(+b1&)%Ib%-b%+'+,b(',-+.-bb
,.&&+2b2b,%-"' b'b,*.'"' b,--&'-,b+(&bb%",-Hb
&,# 3H1".H.)H-/'',#4Hb/b%+'+,b,.&&+"3bb,)""b%,,('Ib-()"Ib(+b-"/"-2Hb
/b%+'+,b,.&&+"3b,)""b%+'"' b1)+"',a(($,Ib+-"%,Ib)+,'--"(',Ib
+ .%-"(',Ib(+b(-!+b(.&'-,Hb


%$$))-&
)!+!)!(




--#!(H-/'',3H.#0#.#-H.)HH!,)/*Hb/b%+'+,b(&)+b,)+-b,.&&+",b'b
-!'b(',(%"-b-!&Hb"+,-Ib!b%+'+b"'"/".%%2b+-,bb,.&&+2b'b)(,-,b"-b-(bb
",.,,"('b(+.&bO)Hb<:=PHb!'Ib,bb +(.)Ib-!b%,,b",.,,,b-!b,.&&+",b"-!+b"'b'b
('%"'b&-"' b(+b('b-!b(+.&Hb( -!+b-!2b"'-"2b)("'-,b-(b"'%.b"'b-!b&,-+b
,.&&+2b'b!(0b-!,b)("'-,b,!(.%bb(+ '"3Hbb
.HH)(.2.H ),H."H-/'',3Hb-!+b-!'b!/b%+'+,b0+"-bb('/'-"('%b&"b
,.&&+2Ib(',"+b+*."+"' bb(+&-b-!-b-!2b&" !-b'b-(b)+(.b"'b-!b+%b0(+%b
(+b"'b'b(' ("' b,'+"(Ib,.!b,b('b(b-!,Jb

+,,b+%,Hb


/+-",&'-Hb

(,-+Hb

%($b" +&b(+b(+ '"3-"('b!+-Hb

(($b#$-b'b%.+Hb

%"'b'b"+,-b0b)+ +)!,b(bb'0,))+b,-(+2Hb

-(+2(+b(+bb>8_,('bb'0,b,)(-Hb

:8_,('b,(.'b"-Hb

/"0b(+b,2'(),",Hb

HD5>4
@?>45B
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b)('+b-"/"-",b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
@?>45B
13D9F9D95C
G9D8
?D85B
13D9F9D95C

('+b-"/"-",b+b,"&)%b(''-b-"/"-",b-!-b('b0%%b0"-!b(-!+b-"/"-",Hb

(&"'b)('+b-"/"-",b0"-!b+,+!b-"/"-",bO)Hb9A>Pb,(b%+'+,b'b1)%(+b-!b
," '""'b(b0!-b-!"+b+,+!b+/%Hb


-+bb)+,'--"('bO)Hb>APIb!/b%+'+,b,.&&+"3b-!b)+,'--"('Ib/%.-b"-,b
"&)(+-'Ib'b"-b1&)%,b-(b"%%.,-+-b"-,b)+"'")%,Hb

)+"'$%b+!-(+"%b*.,-"(',b-!+(. !(.-b(-!+b-"/"-",Ib,)"%%2b
,(+b-"/"-",Hb

(%%(0b
,(+b'b(b-"/"-",b0"-!bb)('+b-"/"-2b-!-b+*."+,b%+'+,b-(b
"'-"2b'b+%-b.)('b0!-b-!2b%+'Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
5C97>
@?>45B
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

+(/($b(-!+,b-(b)('+Ib2b,$"' b,-()_'_-!"'$b*.,-"(',Ib--&)-"' b-(b,-.&)b
-!b +(.)Ib'b2b('-"'.%%2b,$"' bW!2MXb

!+b"-b1&)%,Ib,.&&+",Ib#(_",Ib))%"-"('b-!'"*.,Ib'b(-!+b+,.%-,b(b
)('+b-"/"-",Hb +'+,b'b.,b%( ,Ib)(,-,Ib-0-,Ib(+b,("%b(($&+$"' b-(b
,!+b+,.%-,b(b)('+"' Hb

('+b,bb +(.)Ib(+b1&)%Ib2b+"',-(+&"' b02,b-(b))%2b%+'"' Hb

(&)+Ib/%.-Ib'b(',(%"-b-!b0(+$b(b(-!+b%+'+,Hb

5C97>
@?>45B
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

/" -b-(b(#-,b'b'/"+('&'-,b-!-b.,b%+'+,b-(b)('+Hb%-b(',b-!-b
/($b%"' ,b(b0b(+b +'.+Ib(+b1&)%Ib&('.&'-,Ib).%"b,),Ib0(+$,b(b
+-Ib'b(',-+.-"('b)+(#-,Hbb

+/%b-(bb).%b'/"+('&'-b"'b0!"!b-(b&"--Hb

,b-!b%'+b.'-"('b-(b-+" +b+!-(+"%b*.,-"(',b(+b(-!+b)('+b-"/"-",Hb

,b."(b-(b%b&"--"('Ib+b,,("-"('Ib'b"& "'-"('Hb

"'b1&)%,b'b))%"-"(',b(b%+'"' b"'b-!b+%b0(+%Hb

/%.-b+%_0(+%b0(+$Ib,.!b,b-!b*.%"-2b(bb(',-+.-"('b#(Hb

'+)*%$$
*,*)


,$"' b'b',0+"' b*.,-"(',b",b.'&'-%b-(b.-"('b'b
-+"'"' a'b-(b'2b'/(+b"'/(%/"' b&(+b-!'b('b)+,('Hb
,$"' b
'b',0+"' b*.,-"(',b",b"'!+'-%2bb(''-b-"/"-2Hb -b&+ ,b
+(&b-!b"'"/".%V,b+'-b%+'"' b'b$ +(.'b1)+"',Hb
+,('%b.+"(,"-2b",b-!b,)+$b-!-b"'"-"-,b-!b*.,-"('Hb
,$"' b'b
',0+"' b*.,-"(',b",b%&(,-b%02,b,("%b,b"-b(-'b"'/(%/,b
b
"'-+-"' b0"-!b%%(0b%+'+,Ib-!+,Ib1)+-,Ib(_0(+$+,Ib'b
+"',Hb

!(. !bb,"&)%b-"/"-2Ib*.,-"('"' b-+" +,b)(0+.%b%+'"' b)+(,,,Hb.,-"('"' b

+*."+,b%+'+,b-(b('"/b'b1)+,,bb*.,-"('b'b-!'b--'b-(b'b+%-b('b-!b
',0+Hb.,-"('"' b-"/"-",b&2b%,(b)+,'-b%+'+,b-!b!'b-(b',0+b*.,-"(',Ib
-!.,b1+","' b-!"+b"%"-2b-(b"'- +-b'b))%2b%+'"' Hbb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

,bb(+&%b-"/"-2Ib,$"' b'b',0+"' b*.,-"(',b",b'0b-(b-!",b"-"('Hb 'b-!b"+,-b
"-"('Ib b(',"+b"-bb'-.+%b,"+b1)+"'b"'b-"/"-",b%"$b)+,'--"(',Ib
+"' ,Ib'b+,+!Hb
-+b%%Ib b+,('Ib*.,-"('"' b",bb!.&'b1)+"'Ib'(-b'b
1)%""-b-"/"-2Hb!-b0,bb&",-$Hbb_%+'"' b," '+,b+bb%"-+%_&"'b%(-Hb
(&b++,Ib,,.&"' b"-b0,b'(-b"&)(+-'-Ib(&"--b-!b*.,-"('"' b)+-b(b(-!+b 


-"/"-",Hb!",b,-"('b,!(.%b(++-b&2b&",-$Hb

%$$))-&
)!+!)!(



.,-"('"' b-"/"-",b'b+' b+(&b,"&)%Ib,)('-'(.,b-"(',b2b%+'+,b-(b+.%%2b
!(+( +)!b('%"'b&-"' ,Hb
,bb," '+Ib2(.b&.,-b"b0!"!b(+&b,-b
(&)%",!,b2(.+b%+'"' b(#-"/,Hb

-8I
EC5
AE5CD9?>9>7
13D9F9D95C

.,-"('"' b-"/"-",b!%)b"'"/".%,b"'- +-b'0b%+'"' Hb '%.b,.!b-"/"-",b
0!+b%+'+,b'b-(Jb

#&&H#(H!*-Ib"-!+b"'b-!b(/+%%b)"-.+b(+b-0'b-!(+2b'b))%"-"('Hb

.H/(-./%Hb2b,$"' b*.,-"(',Ib%+'+,b'b -b,. ,-"(',b(b'0b-!'"*.,b-(b
-+2b(+b/'b*."+bb'0b/"0)("'-b(+b"'-+)+-"' b-,Hb

)((.H&,(#(!H.)HH*,-)(&H-#./.#)(Hb +'+,b'b',0+b-!b%%_"&)(+-'-b
*.,-"('JbW!-V,b"'b"-b(+b&MXb

,(H.)H&,(b2b,$"' b*.,-"(',Hb$"%%.%b*.,-"('"' b",b'(-b#.,-bb%+'"' b,$"%%Kb"-b",b
b,.+/"/%b,$"%%Hb+-"b,$"' b'b',0+"' b*.,-"(',b'b-!b0!-Ib0!'Ib0!(&Ib
'b!(0b-(b,$Hb

,# 3H.,/."Hb
b*."$b*.,-"('b'b+%"/b(.-b(+b+&(/bb&",(')-"('Hb -b'b
*."$%2b/%"-bO(+b'(-Pbb%"Ib,.,)""('Ib(+b%"&Hb
)b"'b&"'b-!-b*.,-"('"' b-"/"-",b%b)+"&+"%2b0"-!b$'(0% Hb.!b-"/"-",b
&2Ib-!+(+Ibbb(+b)+-b(b #$,b'b!+b(#-"/,b'bb,('+2b)+-b(b(-!+,Hb

,b," '+,Ib0b'b%,(b&)%(2b*.,-"('"' b-"/"-",b-(b,,,,b%+'+,b'b%+'"' Hb
!b%/%b(b%+'"' b",b(-'b+/%b2b-!b,()!",-"-"('b(b*.,-"(',b,$b2b%+'+,Hb

>3?EB175
<51B>5BC
D?
1C;
D85
B978D
@5?@<5

!b*.%"-2b(b'b',0+b.,.%%2b)',b.)('b-!b1)+-",b(b-!b',0++Hb," 'b
*.,-"('"' b-"/"-",b'b)+(,,,b,(b-!-b*.,-"(',b'-.+%%2b (b-(b-!(,b0!(b'b,-b
',0+b-!&Hb -V,b(',"+b-!b'"-,Jb

&&)1H&,(,-Hb(!(+-,b(b-!b%+'+b+b,-b-b',0+"' b,"&)%Ib+(.-"'b*.,-"(',Ib
.-b'(-b/'b*.,-"(',Hb.,-"(',b"+-b-(b%%(0b%+'+,b,!(.%b%%b0"-!"'b
-!b(#-"/,b(b-!b(.+,b'b0"-!"'b-!b1)+-",b(b%%(0b%+'+,Hb 'bb '+%b
.-"('b(.+,Ib.%-b%+'+,b'b+0b('bb%"b(b1)+"'b,bb%+'+b'b
)+!),b,(&b1)+"'b,bb-!+b-(b',0+b*.,-"(',Hb(0/+Ib"'bb(.+,b('b
(&)%1b'0b"''"%b+ .%-"(',Ib*.,-"(',b&" !-b--+bb',0+b2b'b1)+-Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
%%(0b%+'+,b'b',0+b*.,-"(',b-!-b-!b-!+b',0+b(+b(+b*.,-"(',b('b
&-+"%b%+2b(/+b"'b%,,Hb(+b/+22b*.,-"(',Ib,$"' b%%(0b%+'+,b",bb
%( "%b"+,-b,-)Hb

",-Hb!+,b'b"',-+.-(+,b,!(.%bb)+)+b-(b!'%b(+"'+2b,.#-_
&--+b*.,-"(',b0"-!"'b-!b,()b(b(.+,b(#-"/,Hb!2b,!(.%b%,(b!'%b
&"'",-+-"/b*.,-"(',Hb(0/+Ib(b'(-b%-b+2b,,b-(b-!b-!+b'(.+ b
%+'+,b-(b(+ (b-!b!+b0(+$b(b('.-"' b+,+!b'b",.,,"' b",,.,b0"-!b
%%(0b%+'+,Hb.-b"'b)%b)(%"",b-!-b+0+b,%_+%"'b'b)+(--b-!b-!+b
+(&b'b(/+0!%&"' b0(+$%(Hb

/$.G'..,H2*,.-Hb,b ,b-(b',0+b/'b,.#-_,)""b*.,-"(',Ib
,)"%%2b(',b-!-b (b2('b-!b(+&%b(#-"/,b(b-!b(.+,Hb,b ,b(+b
*.,-"(',b2('b-!b1)+-",b(+b)+(,,"('%b+""%"-2b(b-!b-!+Hb$b+b'(-b
-(b(/+0!%&b ,b0"-!b-+"/"%b*.,-"(',b-!-b(.%bb',0+b2b-!b-!+Ib2b
%%(0b%+'+,Ib(+b2bb0%%_)!+,b '-+'-b,+!Hb

(&H) H2*,.-Hb!.%bb)'%b(+b,2&)(,".&bO)Hb<9;Pb-(b",.,,b/+2b/'b
*.,-"(',Ib,)"%%2b('-+(/+,"%b'b(&)%1b(',b-!-b'b",.,,"('b+-!+b-!'bb
('_,!(-b',0+Hb,)-b-!b-"&b'b1)+-",b(b-!b1)+-,Hb/b%+'+,b)+)+b
'b+"'b*.,-"(',b"'b/'Hb

&*H-%Hb+b-!'"%b*.,-"(',b-(bb,&%%b +(.)b(b(.-,"b1)+-,b('b%%b-(b
',0+b,.!b*.,-"(',Hb b-!",b-2)b,+/"b1",-,b(+b2(.+b"%Ib "'b,,b(+b2(.+b
%+'+,Hb-!+0",Ib+-bb,+/"Ib&(%"' b"-b('bb.,-(&+_,.))(+-b!(-%"'b(+bb
%"++2V,b++'b,$Hb

(-<H ,#(-<H(H )&&)1,-Hb(+b '+%b*.,-"(',Ib(+b#.,-b-(b -b'(-!+b()"'"('Ib
%+'+,b&2b-.+'b-(b-!"+b)+(,,"('%b(+b)+,('%b,("%b'-0(+$,Hb
/("b-!",b()-"('b
(+b/'b*.,-"(',b(+b",,.,b(b,-2Hb'(.+ b%+'+,Ib"b.,"' b).%"b,("%b
'-0(+$,Ib-(b-+ -b,)""b +(.),b0"-!b-!b'b1)+-",b+-!+b-!'b+(,-"' b
*.,-"(',b-(b'2('b'b/+2('Hb

,"H-,0#Hb(( %b'b(-!+b,+!b' "',b+Ib"'_-Ib*.,-"('_',0+"' b
&!"',Hb!2b-+2b-(b&-!bb,+!b*.+2b-(b('-'-b-!-b&-!,b-!-b*.+2Hb!2b
+bb ((b02b-(b',0+b*.,-"(',b(.-b,)""b)+(.-,Ib)()%Ib)%,Ib'b
(+ '"3-"(',Hb
b,+!b,+/"b",b,)"%%2b ((b-(b/+"2b-,b'b" .+,b'b-(b
-!+b()"'"(',Hb

(b('-+(%b0!(b',0+,b0!"!b*.,-"(',Ib).-b"'b)%b&!'",&,b-!-b'-.+%%2b+(.-b
*.,-"(',b-(b-!b+" !-b)+,('Hb"/b%+b"',-+.-"(',b-(b%+'+,b('b!(0b-(b -b',0+,b-(b
-!"+b*.,-"(',Hb," 'b,)""b-"/"-",Ib,.!b,b*.,-"('_'_',0+b,,,"(',b(+b('%"'b
)'%,Ib0!+b-!+,b'b1)+-,b+b/"%%b-(b',0+b'b",.,,b*.,-"(',Hb-b.)b
('%"'b("b!(.+,b(+b-!+,Hb+(/"b"+-(+",b(b_&"%b+,,,b'b(-!+b('--b
)("'-,b(+b," '-b1)+-,Hb."%b"''-"/,b"'-(b +"' b+"-+"Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
>3?EB175
7??4
AE5CD9?>C

'(.+ b%+'+,b-(b,$b ((b*.,-"(',b2b.,"' b)(%"",Ib)+(.+,Ib)+(&)-,Ib'b
+"' b+"-+"Hb.-b0!-b",bb ((b*.,-"('Mb -V,b(',"+b,(&b(&&('_,',b+"-+"Hb

b ((b*.,-"('b",Jb 



,#!#(&H(H()(G.,#0#&Hb!b',0+b''(-bb(.'b"'b-!b(.+,b&-+"%,b(+bb

%$$))-&
)!+!)!(




b"%Hb!b*.,-"('b!,b'(-b%+2b'b,$Hb
'b-!b',0+b",b'(-b,"%2b(.'b
0"-!bb,"&)%b '-+'-b,+!Hb

#'*&3H-.,/./,Hb '2b*.,-"('+,b+b,(b +b-(b,$b*.,-"(',b-!-b-!2b#&b
,/+%b*.,-"(',b-( -!+Ib&$"' b-!b*.,-"('b!+b-(b.'+,-'b'b+*."+"' b-!b
',0++b-(b.'-' %b-!&Hb 'b&2b1)+"'Ib0!'b%+'+,b#&b&.%-")%b*.,-"(',b
-( -!+Ib('%2b-!b%,-b*.,-"('b"'b-!b.'%b -,b',0+Hb

&,&3H2*,--Hb((b*.,-"(',b+b,2b-(b.'+,-'Hb!2b-$b-!b +&&-"%b
(+&b(bb*.,-"('Ib.,b)+()+b-+&"'(%( 2b+(&b-!b"%Ib'b(%%(0b('/'-"(',b(b
,-'+b.,"',,b%' . Hb b-!b*.,-"('b",b,)($'Ib-!b0(+,b+b.'+,-'%Hb b
)((+b."(b*.%"-2b(+bb,)$+V,b-!"$b'-b+'+,b*.,-"(',bO(+b',0+,Pb
"'(&)+!',"%Ib)+(/"bb-1-b!''%b(+b,$"' b*.,-"(',Hb

#(,Hb-!+b-!'b,$"' bb '."'b*.,-"('Ib,(&b%+'+,b&2b.,b-!b(,"('b-(b
&$bb,--&'-Hb-!b(.-b(+b-!,b'('_*.,-"(',Jb

*'H+/-.#)(-Hb!b%+'+b)+,b-!b*.,-"('b0"-!bb+"-%b(b+'-"%,b'b
(&)%",!&'-,Hb!b).+)(,b",b(-'b,%_)+(&(-"('Hb+Ib)+!),b-!b%+'+b%,b
-!b1)+-b",b)-+('"3"' b-!b%,,b'b'(-b-$"' b*.,-"(',b,+"(.,%2Hbb


,(B.G G-',.H+/-.#)(-Hb!,b+b*.,-"(',b,$b-(b"&)+,,b-!b-!+Ib1)+-Ib
(+b%%(0b%+'+,Hb!2b.,.%%2b"'/(%/b,(-+"b&--+,b1)+,,b"'b#+ ('b(b-!b
"%Hb

/..#(!H1),-H#(H."H')/."H) H."H2*,.Hb(&-"&,b%+'+,b0"%%b,$b*.,-"(',b"'b
b02b," 'b-(b%""-bb,)""b',0+HbW('V-b2(.b%"/b-!-bLMXb-'b-!",b",b
b," 'b-!-b-!b%+'+b",b-+2"' b-(b.,b-!b1)+-b-(b('/"'b,(&('b%,Hb

/-.H)(.2./&H()/!"Hb
b ((b*.,-"('b)+(/",b#.,-b'(. !b-"%,b-(b'%bb
,)""Ib))%"%b',0+Hb +'+,b&.,-b,-+"$bb%'b-0'b,.))%2"' b/+2b
)(,,"%b-"%b'b+*."+"' b-!b',0++b-(b"'-++( -b-!b*.,-"('+b(+b
',0+"' Hb!",b",bb"".%-b+"-+"('b.,b-!b%+'+b&2b'(-b$'(0b0!-b",b
+%/'-Hb"/b'(/",b&(+b%02b-!'b1)+"'b)+-"-"('+,Hb

&* /&H.)H."H&,(#(!H ),.Hb((b*.,-"(',b."%b('b.++'-b%+'"' Hb!2b!%)b
(-!+b%+'+,b2b,.))%2"' b"&)(+-'-b$'(0% b'b2b-+" +"' b/'b&(+b
/'b*.,-"(',Hb

*(G(Hb1)-b(+b*."$b*.,-"(',b-(b/+"2b.'+,-'"' Ib*.,-"(',b,!(.%b'(-b
!/b,"&)%b2,^'(b',0+,Hb!2b,!(.%b%""-b&(+b-!'bb,"&)%b-b(+b" .+Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b


(-1,&H3H."H.,!.Hb
b ((b*.,-"('b%%,b,*.+%2b"'b-!b+b(b1)+-",b(b-!b
)+,('b%%b('b-(b',0+b"-Hb ",-$,b"'%.b,$"' bb%(0_%/%b.'-"('+2b(.-b
(+ '"3-"('%b)(%"2b(+b,$"' bb!" !%2b-!'"%b*.,-"('b(bb,%,b+)+,'--"/Hb
.%",!b+'-"%,b(b1)+-,b/"%%b-(b',0+b*.,-"(',Hb'(.+ b%+'+,b-(b
&-!b-!"+b*.,-"('b-(b-!b)+,('b,-b%b-(b',0+b"-Hb&&+Ib2(.b(b'(-b0'-b
-(b&++,,b1)+-,b2b+*."+"' b-!&b-(b,2IbW b('V-b$'(0HXb

>C9CD
?>
7??4
1>CG5BC


%&(,-b,b"&)(+-'-b,b ((b*.,-"(',b+b ((b',0+,Hb'(.+ b-!b$"'b(b
*.,-"('_',0+"' b!/"(+,b-!-b.%%2b',0+b*.,-"(',b'b-!-b,-bb&(%b(+b
%+'+,b0!'b-!2b',0+b*.,-"(',Hb
b ((b',0+Jb

-)&0-H/(,.#(.3Hb -b"+-%2b',0+,b-!b*.,-"('Ib(+b"-b)+(/",bb02b-!b%+'+b
'b(b,(Hb'%"' b%+'+,b-(b',0+b-!"+b(0'b*.,-"(',b&2bbb--+b (%b-!'bb
*."$b+)%2Hb


0)#-H'#!/#.3Hb(+b',0+"' bb*.,-"('Ib'b1)+-b,!(.%b+,(%/b'2b
&" ."-2Ib(+b1&)%b2b,$"' IbW(b2(.b&'b[[[[b(+b[[[[MXb'b ((b))+(!b",b
-(b)+)!+,b-!b*.,-"('b'b+*."+b('"+&-"('Ib(+b1&)%IbW Hb
,b b
.'+,-'b"-Ib2(.b0'-b-(b$'(0b[[[[[Ib+" !-MXb!",b-!'"*.b",b',,+2b"b-!b
*.,-"('b",b'(-b1)+,,b"'b(++-Ib,-'+b-+&"'(%( 2b(+b"b-!b*.,-"('+b,)$,b
0"-!bb-!"$b'-Hb!b',0++b&" !-b%,(b,$b,(&b(-!+b%+'+b-(b+)!+,b-!b
*.,-"('Hb

-H/(,-.(&Hb!b',0+b,!(.%b.,b-+&"'(%( 2b%+2b.'+,-((b2b
%+'+,Hb -b,!(.%b(%%(0b+.%,b(b +&&+b'b,2'-1Hb b,)($'Ib-!b',0+b,!(.%b
b)+('(.'b%+%2Hb

-H*)&#.Hb
b,"%%2b*.,-"('b",b'(b1.,b-(b&++,,b(+b!.&"%"-b-!b*.,-"('+Hb!b
',0++b,!(.%b'/+b+,)('b2b "/"' bb,+,-"b(+b,'"b+)%2Ib2b+"-""3"' b-!b
*.,-"('b,b.'0(+-!2Ib(+b2b" '(+"' b-!b*.,-"('bOW1-b*.,-"('NXPHb!-b,&,b-(b
bb,"%%2b*.,-"('b'b+/%b/%.%b"'(+&-"('b(.-b-!b.++'-b,--b(b%+'"' Ib
,.!b,b,"&)%b.-b)+((.'b&",.'+,-'"' ,Ib%+'+,b0!(b%$b)++*.","-,Ib(+b
+-"/b"'-+)+--"(',b(b-,b-!-b-!b1)+-b"b'(-b'-"")-Hb

,# #-H/(,-.(#(!Hb
b ((b',0+b0"%%b)+(/"bb02b(+b%+'+,b-(b('"+&b
,-",-"('JbW(,b-!-b',0+b2(.+b*.,-"('MXbW
'2-!"' b%,MXb+b-!b1)+-b&2b
)(,bb*.,-"('b(+b-,-b-(b/+"2b)b.'+,-'"' JbW(Ib0!-b0(.%b!))'b"b
[[[[[MXbb

()/,!-H /,.",H&,(#(!Hb
b ((b',0+b&2b&'-"('b+,(.+,b(+b"-"('%b
%+'"' JbW b2(.b0'-b-(b (b)+b"'-(b-!",b",,.Ib,+!b-!+(. !b-!b%( b)(,-"' ,b2b
[[[[[HXb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
5CD
@B13D935C
9>
AE5CD9?>9>7
13D9F9D95C

'b"-"('b-(b ((b*.,-"(',b'b ((b',0+,Ib*.,-"('"' b-"/"-",b'b'"-b+(&b
)+(.+,b!('b2b)+-"%b1)+"'Hb

&(H(H2*&#(H."H.#0#.3H1&&Hb(+bb(+&%b*.,-"('_'_',0+b,,,"('Ib,-bb 


%+b (%b'b(&&.'"-b-!b (%b'b)+(.+,b-(b%+'+,Hb--b-!b).+)(,b'b

%$$))-&
)!+!)!(



-!b-2)b*.,-"(',b))+()+"-Hb(+b'2b1)+-,b"'/(%/Ib%",-b-!"+b+'-"%,b'b
+,b(b1)+-",Hb/%b'2b%"&"-,Ib,.!b,b-"&b)+"(Ib+,-+"-"(',b('b*.(--"(',Ib
'b-((b-()",Hb

0H&,(,-H.,3H.)H #(H(-1,-H)(H."#,H)1(Hb'(.+ b%+'+,b-(b('.-b
+,+!b(+b,$"' b*.,-"(',Hb $b,.+b-!2b%+'b(&&('b-+&"'(%( 2b(b-!b
"%b'b0!-b",b(&&('%2b$'(0'b"'b-!b"%Hb(+b,$"' b1-+'%b1)+-,Ib+*."+b
%+'+,b-(b,$b%%(0b%+'+,Hb

),'/&.H+/-.#)(-H&#,.&3Hb'(.+ b%+'+,b-(b('"/b'b1)+,,b
*.,-"(',b+.%%2Hb
%%(0b-"&b-(b-!"'$Ib1)+,,Ib'b+/",b*.,-"(',Hbb'(.+ b
%+'+,b-(b0+"-b'b"-b-!"+b*.,-"(',b"+,-Hb/b%+'+,b,.&"-b*.,-"(',b2b
_&"%b(+bb&-"' Hb"-!"'bb&-"' Ib).,b%(' b'(. !b(+b--',b-(b"-b
*.,-"(',b(+b),-"' b-!&b"'-(b-!b!-b0"'(0Hb

),.H+/-.#)(-H#(H(H)(&#(H'.#(!Hb/b-!b&-"' b&(+-(+b(',(%"-b
.)%"-b*.,-"(',Ib '+%"3b,"&"%+b*.,-"(',Ib'b"%-+b(.-b"&)+()+b*.,-"(',b
(+b,.&"--"' b-!&b-(b-!b1)+-b(+b-!+Hb


(-1,H*,#0.H+/-.#)(-H*,#0.&3Hb*."+b%+'+,b-(b,$b)+"/-b*.,-"(',b(.-,"b
-!b '+%b",.,,"('Hb'"-,b(+b)+"/-b*.,-"(',b+b(',b-!-b"'/(%/b
+,-+"-b"'(+&-"('Ib-!-b+b(b"'-+,-b-(b'(b('b%,Ib(+b-!-b)(-'-"%%2b(.%b
&++,,b-!b*.,-"('+b(+b'2('b%,Hb

/'',#4H#(HH
H #&Hb+"("%%2Ib,0)b(&&('b'b"&)(+-'-b*.,-"(',b'b
-!"+b',0+,b-(bb+*.'-%2_,$b*.,-"(',b"%b'b&$b"-b/"%%b-(b%%b%+'+,Hb

#5381>9C=
6?B
1C;9>7
AE5CD9?>C

_%+'"' b-((%,b'b-!'(%( ",b(+b+"!b)(,,""%"-",b(+b,$"' b'b',0+"' b
*.,-"(',Hb+b",bb%",-b(b(&&('b&!'",&,Jb

G'#&b&,, ,b-(b-!b-!+b(+b'b1)+-Hb

")(b%%,b-(b-!b-!+Ibb," '-b1)+-Ib(+b%%(0b%+'+,a.+"' b +b
.)('b!(.+,Hb

2.H'--!-b-(b-!b)!(',b(b-!b-!+Ib1)+-,Ib(+b%%(0b%+'+,Hb

".H---#)(b.+"' b'b('%"'b&-"' Hb!b('%"'b&-"' b-((%b-!-b!(,-,b-!b&-"' b
&2b)+(/"b-!b!-b)"%"-2Hb


/#)GH),H0#)G)( ,(-b,b)+-b(b'b('%"'b&-"' Hb!b('%"'b&-"' b-((%b-!-b
!(,-,b-!b&-"' b&2b)+(/"b-!,b)"%"-",Hb!,b)"%"-",b+b/%.%b0!+b

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
*.,-"(',b'b',0+,b+%2b('b-('b(b/("Ib ,-.+Ib(2b%' . Ib(+b"%b
1)+,,"(',Hb

)''(.-b-(bb",.,,"('b(+.&Ib%( Ib(+b&"+(_%( Hb!,b'bb.,.%b(+b
('--"' b1)+-,b'b)+(,,"('%b +(.),Hb
bW("%b)"%"-",b(b,(-0+Xb"'b!)-+b@b(+b-"%,b('b-!,b-!'"%b)"%"-",Hbbb

>12<5
AE5CD9?>9>7
1D
D85
B978D
D9=5

-b%+'+,b,$b*.,-"(',b-b-!b,-b-"&b-(b)+(&(-b%+'"' Hb-'b-!b,-b-"&b",b+" !-b
0!'b-!b*.,-"('b(.+,Hb(&b*.,-"(',Ib!(0/+Ib&2b,-bb,$b,b)+-b(bb
,!.%b/'-b(+b-b,)""b-"&,b0!'b'b1)+-b0"%%bb/"%%Hb

)@?>D1>5?EC
AE5CD9?>9>7

+'+,b'b,$b,)('-'(.,b*.,-"(',b-b'2b-"&Ib,.!b,b0!'b-!b*.,-"('b(.+,Ib
0!"%b)+(+&"' bb)+-"b-"/"-2Ib(+b0!"%b%",-'"' b-(bb)+,'--"('Hb!b/%.b(b'b
"&&"-b',0+b",b(/"(.,Hb.-Ib-!b(,-b&2bb!" !b"b-!+,b+b1)-b-(b!$b
_&"%b'b-1-b&,, ,b/+2b"-'b&"'.-,b-!+(. !(.-b-!b'" !-Hbb

.%%2b,.))(+-"' b,)('-'(.,b*.,-"('"' b&2b+*."+b+(.-"' b*.,-"(',b-(bb",.,,"('b

(+.&b'b,--"' b+%",-"b1)--"(',b(.-b-!b-"&"' b(b+)%",Hb

C
1
6?B=1<
@1BD
?6
1>
5F5>D

/+%b$"',b(b%+'"' b/'-,b"'%.bb(+&%b*.,-"('_'_',0+b,,,"('Hb
))(+-.'"-",b-(b,$b*.,-"(',b&2b(.+b"&&"-%2b-+bb)+,'--"('b(+b,b)+-b(bb
,2&)(,".&b(+b%,,b&-"' Hb(',"+b!(0b2(.b'b.,b!-b(+b-!b('+'"' b
)"%"-",b"'b'b('%"'b&-"' b-((%b-(bbG
b,,,"(',b-(b2(.+b.++".%.&Hb

EB9>7
C@539693
D9=5C

.,-"('"' b&2b(.+b-b"1b-"&,Ib,.!b,b.+"' bW("b!(.+,Xb$)-b2bb-!+Hb
,-+"-"' b*.,-"('"' b-(b,)""b-"&b)+"(,b",b%,(b(&&('b0!+b(.-,"b1)+-,b
 +b-(b-$b*.,-"(',Hb.!b,,,"(',b-2)"%%2b.,b)!('Ib!-Ib(+b-!b('+'"' b
)"%"-",b"'b'b('%"'b&-"' b-((%Hb

CC5CC
<51B>5BC
1>4
<51B>9>7

"$b%%b(-!+b-2),b(b-"/"-",Ib*.,-"('"' b-"/"-",b)+(/"b/"'b(b%+'"' b-!-b
'bb.,b-(b,,,,b%+'+,b'b-(b/%.-b%+'"' b(+-,Hb(+b"',-'Ib2(.b'b,,,,b
%+'+,b2b!(0b0%%b-!2b"'b-!"+b(0'b',0+,Ib!%)b',0+b(-!+,Vb*.,-"(',Ib'b
1!""-b ((b*.,-"('"' b-!'"*.Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
'b,,,,"' b%+'+,Ibb+.%b'(-b-(b",(.+ b,$"' b ((b*.,-"(',Hb b%+'+,b%b
-!2b(.%b%(,b +b)("'-,b2b,$"' bb*.,-"(',Ib-!2b0"%%b++"'b+(&b("' b,(Hb'b
-!b(-!+b!'Ib"b-!2b$'(0b-!2b'b "'b)("'-,Ib%+'+,b0"%%b,$b*.,-"(',Hb .,-bb('b
-!b%(($(.-b(+b*.,-"(',b('-+"/b-(b0"'b)("'-,a,!%%(0b*.,-"(',b(+b*.,-"(',b-!-b+b
'(-b('b-()"Hbb 


'b,.,,.%b))+(!b",b-(b(+b('.,b)("'-,b(+b*.,-"(',b'b',0+,b&b

%$$))-&
)!+!)!(



,)"%%2b/%.%Hb!b('.,b)("'-,b&2bb "/'b,b('b+-"' ,b2b%%(0b%+'+,Ib
1)+-,Ib'b-!+,b('b,.!b+"-+"b,b"'," !-.%',,Ib1)+,,"('Ib'b(&)%-',,Hb

HD5>4
AE5CD9?>9>7
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b*.,-"('_'_',0+b-"/"-",b2b(&"'"' b
-!&b0"-!b(-!+b-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b
&("%b%+'"' Hb

?=29>5
AE5CD9?>9>7
13D9F9D95C
G9D8
?D85B
13D9F9D95C


&&"-%2b(%%(0b)+,'--"(',bO)Hb>APb(+b+"' ,bO)HbA;Pb0"-!bbG
bO)Hb=>:Pb
,,,"('b,(b%+'+,b'b"%%b"'b ),b'b/("b&",.'+,-'"' ,Hb

'%b*.,-"('"' b-+bb(b-"/"-2b-(b,-",2b.+"(,"-2b+(.,b2b-!b-"/"-2b'b-(b
+,(%/b",,.,b"-b&2b+",Hb

.%",!bb-+',+")-b(b-!bG
b,,,"('b,bb
b"%b(+b(-!+b+"' Hb

'%b%+'+,b-(b,$b*.,-"(',b-b","('b)("'-,b0"-!"'b(-!+b-"/"-",Ib,)"%%2b
0"-!"'b+,+!b-"/"-",bO)Hb9A>PIb &,b'b,"&.%-"(',bO!)-+b?PIb'b)+-"b
-"/"-",bO)Hb9;8PHb

5C97>
AE5CD9?>9>7
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

(&"'-Ib",.,,Ib+"'Ib'b-!'b,$b*.,-"(',Hb


,bb +(.)Ib,$b*.,-"(',b(b'b1)+-b(+b-!b-!+Hb"+,-Ib-!b +(.)b+,+!,b-!b
1)+-b'b-!b1)+-V,b+b(b1)+-",Hb!b +(.)b%,(b'(&"'-,Ib",.,,,Ib
(',(%"-,Ib'b+"',bb%",-b(b*.,-"(',Hb!b +(.)b1-',b-!b%",-b2b"' b
)(-'-"%b(%%(0_.)b*.,-"(',Hbb


',0+b*.,-"(',b)(,b2b%%(0b%+'+,b(+b1)+-,Hb

(,b*.,-"(',b"'b-!"+b%( Ib)(,-Ib(+b&"+(_%( bb0!"!b(-!+,b'b',0+b2b
(&&'-,b(+b+)%",Hb "$0",Ib',0+b*.,-"(',b)(,b2b(-!+,Hb

b
  



%$$))-&
)!+!)!(



'$!$
-
(!$


b
5C97>
AE5CD9?>9>7
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb


,$b*.,-"(',b0!'b'b0!+b-!2b(.+Hb!",b0"%%b+*."+b&$"' b',0+,b/"%%b
:<1?b-!+(. !b,,b-(bb!%)b,$Ib%,,&-,b('bb,("%b'-0(+$Ib(+b",.,,"('b
(+.&,Hb


,$b*.,-"(',b-+" +b2b+%_0(+%b1)+"',Hb

,b)!('Ib-1-"' Ib/"(_!-b'b(-!+b/"b)"%"-",b-(b,$b'b',0+b
*.,-"(',Hb

)*%()
/
"($()

+'+,b'b%",-'b-(b,-(+",b,b'b
,(+b-"/"-2a(+b-!2b'b-%%b
-!"+b(0'b,-(+",b,bb(''-b-"/"-2Hb.,b,-(+2-%%"' b&'-,b
+(&b-!b)+,('%b1)+"',b(b-!b,-(+2-%%+Ib"-b",b,.)+b(+b
b (''-"' b%+'"' b-(b-!(,b1)+"',Hb

'b,-(+2-%%"' b-"/"-",Ib%+'+,b-%%b,-(+",b+%/'-b-(b-!b,.#-b-!2b+b,-.2"' Hb!",b

-"/"-2b",b-!b&"++(+b"& b(b%",-'"' b-(b,-(+",Hb.,b-!b)+(,,b(b-%%"' b,-(+",b",b
,"&"%+Ib+ +%,,b(b0!(b-%%,b-!b,-(+2Ib-!b/"b(+b,-(+",b2b-!+,bO)Hb98=Pb0"%%b
))%2b-(b,-(+",b2b%+'+,Ib-((Hb

1F5
<51B>5BC
D5<<
CD?B95C

'(.+ b%+'+,b-(b,!+b-!"+b(0'b,-(+",b-!-b(''-b-!b,.#-b-!2b+b%+'"' b
0"-!b-!"+b(0'b1)+"',Hbb

'b-!",b-"/"-2b+(&bb(.+,b('b%+,!")Ib%+'+,b
+b"'/"-b-(b,!+bb,-(+2b(.-b'b/'-b-!-b
-. !-b-!&b-!b"&)(+-'b(b%+,!")b"'b"%2b
%"Hb

(-b('%2b+b%+'+,b%b-(b('-+".-b-1-b,-(+",Ib
-!2b'b%,(b"'%.b)"-.+,b'b/"(Hb!2b'b
/'b%"'$b-(b'b."(b+(+"' Hb
b
b
b
b
b
b
b
b
!",b1&)%b0,b!(,-b('b.&%+H(&b
b

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
'b'b('%"'b&-"' b0!+b%+'+,b'b,)$Ib"'/"-b-!&b-(b-%%b-!"+b(0'b,-(+",Hb!b
"'/"--"('b-(b-%%bb,-(+2b,b-!b%&'-b(b+%-"('b'b'(.+ ,b%+'+,b-(b-!"'$b
(.-b0!-b!,b'b,"b'b!(0b"-b))%",b-(b-!"+b(0'b,"-.-"(',Hb!b)+(,,b(b
(&)(,"' b'b'%( (.,b,-(+2b(''-,b-!b/'-,b-(b-!b%+'+,Vb%"/,Hb -b%,(b/+"",b
%+'"' Hb b%+'+,b-%%b))+()+"-b,-(+",Ib2(.b$'(0b-!2b (-b-!b)("'-b(b-!b,-(+2b2(.b 


-(%Hb
'b%--"' b%+'+,b-%%b,-(+",b",bb +-b02b-(b -!+b'0b,-(+",Hb

%$$))-&
)!+!)!(



??4
CD?B95C
1B5
81B4
D?
D5<<

+'+,b&2b"'b"-b!+b-(b(&b.)b0"-!b+%/'-b,-(+",b"b-!2b+b2(.' Ib!/b%bb
,!%-+b%"Ib(+b!/b%"&"-b)+(,,"('%b1)+"'Hb(&('b0!(b!,b%"/b('b-!+b
('-"''-,b'b",b'+"' b+-"+&'-b+(&b-!"+b,/'-!b++b0"%%b!/b&(+b,-(+",b-(b
-%%b-!'b,(&('b#.,-b'-+"' b(%% b"'b-!b-(0'b"'b0!"!b-!2b0+b+",Hb 'b"-"('Ib
%+'+,b+(&bb"+'-b,("-2Ib,-.2"' b"'bb,('b%' . Ib&2b"'b-!2b'b-(b
-+',%-b-!"+b,-(+2b(-!b.%-.+%%2b#b%"' .",-"%%2Hbb

(+b&'2b%+'+,Ib-!"+b,-b,-(+",b&2bb.'(&(+-%b-(b-%%Hb!b,-(+",b&2b+(.'-b
/'-,b-!-b.,b-!&b,!&Ib' +Ib,',,Ib(+b(-!+b)"'.%b&(-"(',Hb((b,-(+",b
(-'b+/%b-!b,-(+2-%%+b,b/.%'+%b(+b((%",!Hb!(. !b%+'+,b&2b"'b"-b!+b-(b
-%%b-"/b,-(+",Ib0"-!b'(. !b-"&b'b'(.+ &'-Ib#.,-b(.-b/+2(2b'b-%%b
&'"' .%b,-(+",Hb

F1<E1D5
CD?BID5<<9>7
619B<I

-(+",b2b%+'+,b+b)+,('%b'b.'"*.Hb(0b-!'b'b0b-%%b"b-!b,-(+2-%%"' b
-"/"-2b('-+".-,b-(b%+'"' Mb -V,b%(($b-b,(&b,"&)%b+"-+"b(+b,-(+",b2b%+'+,Hb

-H."H-.),3H,&0(.H.)H."H.)*#?b(,b-!b,-(+2b&$bb)("'-b-!-b('-+".-,b-(b(' ("' b
%+'"' Mb!-b",Ib(,b-!b,-(+2b(+b'b1&)%b(bb)+"'")%b(+b(')-b"' b-. !-Mb
+b(,b"-b)+,'-bb(.'-+b1&)%b-(b,!+)'b",-"'-"(',Mb ",-'+,b,!(.%b
"&&"-%2b'b%+%2b,b!(0b-!b,-(+2b))%",b-(b0!-b-!2b+b%+'"' Hb
-H."H-.),3H)'*&.?b(,b-!b%+'+V,b,-(+2b)+,'-b/+2-!"' b'b-(b -b-!b)("'-b
(b-!b,-(+2Hb-"/b,-(+",b)+(/"b(&)%-b"'(+&-"('Ib'&%2b-!b,--"' Ib
!+-+,Ib('%"-Ib+,(%.-"('Ib'b&(+%Hb

)-H."H'),&H )&&)1H ,)'H."H0(.-?b(,b-!b)("'-b(b-!b,-(+2b&+ b'-.+%%2b'b

%( "%%2b+(&b-!b,*.'b(b/'-,b+%-b"'b-!b,-(+2Mb(,b-!b,-(+2b&$b+(. !%2b
-!b,&b)("'-b-(b%%b%",-'+,Mb
)H().H*(&#4H1%1,(--;b(b'(-b)'%"3b%+'+,b(+b&(+-b0$0+',,b"'b
-%%"' b-!b,-(+2Hb'%,,b2(.b+b-!"' b-!b,.#-b(b,-(+2-%%"' b(+b-"' Ib-!b,-2%b(b
%"/+2b",b,('+2b-(b-!b('-'-b'b)("'-b(b-!b,-(+2Hb(b'(-b+"-""3b%+'+,b(+bb
-!"$b'-Ib&"'(+b +&&-"%b,%"),Ib&",)+('.'"-"(',Ib,%" !-b,-.--+,Ib(+b'b(,"('%b
W.!Xb(+bW!XHbb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
5CD
@B13D935C
6?B
CD?BID5<<9>7
13D9F9D95C

.,b-%%"' b,-(+",b",b!+Ib&(,-b(b-!b(%%(0"' b,-b)+-",b"&b-(b!%)b'b
'(.+ b%+'+,b-(b-%%b&'"' .%b,-(+",Hb
%H-.),3.&&#(!H)*.#)(&Hb%""-b'b'(.+ Ib.-b(b'(-b&'Ib,-(+",Hb
%H.&&#(!H-.),#-H-#,H ),H&,(,-Hb"/b%+'+,b-"&b-(b-!"'$b(bb,-(+2Hb
''(.'b
,-(+2-%%"' b-"/"-",b0%%b"'b/'Hb -b%+'+,b,.&"-b,-(+",b0!'b-!2b+b+2Ib(+b
1&)%b2b)(,-"' bb-1-b&,, b(+b/("_+(+"' b-(b-!b(.+,b",.,,"('b(+.&Hb -b
%+'+,b0+"-b-!"+b,-(+",b+-!+b-!'b,)$b-!&b%(.Hb(&b%+'+,b&2bb,%_
(',"(.,b(.-b-!"+b,)$"' b/("b.-b(&(+-%b0+"-"' b'b"-"' b-1-Hb -b%+'+,b
-%%b,(&('b%,V,b,-(+2b"b-!2b''(-b-!"'$b(b('b(b-!"+b(0'b,-(+",Hb*."+b-!&b-(b
"'-"2b-!b,(.+b(b'2b(++(0b,-(+2Hb

/!!-.HH-#'*&H-.,/./,b(+b-!"+b,-(+",Hb(+b1&)%Ib,. ,-b-!-b,-(+",b!/b-!,b
"/b%&'-,Jb

--"' Jb!'b'b0!+b(,b-!b,-(+2b(.+Mb

!+-+,Jb!(b",b"'/(%/Mb

('%"-Jb!-b"".%-2b!b-(bb(/+(&Mb

,(%.-"('Jb(0b"b-!"' ,b0(+$b(.-Mb

(+%Jb!-b",b-!b)("'-b(b-!b,-(+2Mb
)&H!))H-.),3.&&#(!Hb -b-!b,-b,-(+2-%%+,b (b"+,-b,(b(-!+,b!/b'b1&)%b-(b
&.%-b'b-"&b-(b+%%bb,-(+2Hb

#'*&# 3H-/'#..#(!H-.),#-Hb b%+'+,b''(-b(&&.'"-b2b."(b"'bb&-"' Ib(b

'(-b,$b-!&b-(b-2)b-!"+b,-(+",b"'-(b!-Hb'%,,b-!2b+b,.)+b-2)",-,Ib-!b)+(,,b",b,(b
)"'.%b"-b0"%%b(&b"-,b(0'b",,-+b,-(+2Hb ',-Ib"'/"-b-!&b-(b('-+".-b-!"+b
,-(+",b-(bb",.,,"('b(+.&bO)Hb<:=PHb

HD5>4
CD?BID5<<9>7
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b,-(+",b2b%+'+,b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
CD?BID5<<9>7
G9D8
?D85B
13D9F9D95C

/b%+'+,Jb

%%b,-(+",b-!-b!(b-!b)("'-b&b"'b,b,-.",bO)Hb9=:PIb+&,bO)Hb@9PIb &,b
O)Hb;:;PIb+(%_)%2"' b-"/"-",bO)Hb<?>PIb(+b,-(+",b-(%b2b-!b-!+b(+b'b1)+-b
O)Hb98=PHb

%%b,-(+",b-!-b('-+"-b-!b)("'-b&b2b(-!+b-"/"-",Hb

,+!bO)Hb9A>Pb-(b"'bb,-(+2b-!-b&$,bb,)""b)("'-Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
5C97>
CD?BID5<<9>7
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

+,'-bb,-(+2b-(b-!b +(.)Ib",.,,b"-b0"-!b-!b +(.)Ib'b+"'b"-Hb

.%",!b,-(+",b,b%( b(+b)(,-b'-+",Hb 



-+"' b-( -!+b-0-,b(+b(-!+b,!(+-b&,, ,b-(b-%%bb(!+'-b,-(+2Hb

%$$))-&
)!+!)!(




"$b-!b,-b%+'+_-(%b,-(+2b-(b(&b)+-b(b-!b(""%b(.+,Hb

+(.)b(-!+,Vb,-(+",b2b-!b)("'-b-!2b&$Ib2b,"&"%+"-2b(b!+-+,Ib(+b2b,-2%b(b
%' . Hb

/b%+'+,b,. ,-b%-+'-"/b&(+%,b(+bb,-(+2Hb

5C97>
CD?BID5<<9>7
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

(+b-!"+b,-(+2b"'b'b'/"+('&'-b0!+b-!2b%b(&(+-%b(+b-!b'/"+('&'-b
-!-b,-b"%%.,-+-,b-!b,-(+2Hbb

!(0b0!+b-!b,-(+2b-(($b)%b'b"'-+(.b,(&b(b-!b!+-+,Hb

'-b-!b,-(+2b,bb+&Hb

%
)

(b",b!%)b%+'+,b))%2b$'(0% b'b,$"%%,b-(b+%_0(+%b-,$,b
-!2b'(.'-+b('b-!b#(a(+b'20!+b%,b"'b%"Hb (b",b+b'(-b
(+&%b.-"('Ib.-b-!2b'b,!)b-!b'b(+b%+'"' b'b"'b,(&b
,,b'b,.,-"-.-b(+b(+&%b%+'"' Hbb%.&)b-!&b0"-!b(''-b
-"/"-",b.,b-!2b)+)+b'b'(.+ b%+'+,b-(b))%2b%+'"' b
('b-!b#(Hb

2?ED
:?2
194C

(b",b+b,b&.!bb- (+2b(b-((%b,bb,)""b%+'"' b-"/"-2Hb!b-+&b$8b
(/+,bb%(-b(b +(.'Ib+(&bb+")b('b'b"'1b+b-(b'b%(+-b%-+('"b
)+(+&'b,.))(+-b,2,-&Hb!b"b(bb#(b"b",b-(b)+(/"b!%)b-(b,(&('b
)+(+&"' bb-,$b+" !-b0!'b'b0!+b-!2b'b"-Hb

-85>
D?
EC5
:?2
194C

,b#(b",b,b)+-b(b2(.+b_%+'"' b(+-,b0!'Jb

!b,.#-b",b-((b(&)%1b(+b%+'+,b-(b+%%b%%b-!b"&)(+-'-b-"%,Hb

,$,b+b+"-"%b(+b!/b' -"/b,"b-,b"b'(-b)+(+&b1-%2b,b,)""Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b

(-b&&(+"3-"('b0(.%b",-+-b+(&b%+'"' b&(+b"&)(+-'-b)+"'")%,b'b
(')-,Hb


b#(b"b'b+)%b.'',,+2b-+"'"' b'b.-"('Hb
(+bb%(-b(b)+(+&'b)+(%&,Ibb#(b"b",b-!b)+-b,(%.-"('Hb-b&'2b-+"'"' b
)+-&'-,b!/b/%()b0!(%b(.+,,b0!'bb#(b"b0(.%b!/b,(%/b-!b
)+(%&b(+b9Bb(b-!b(,-Hb!2Mb!2b+b-+"'"' b)+-&'-,Ib'(-b#(_"b)+-&'-,Hb
(+b2(.b/%()bb(.+,Ib(',"+b0!-!+bb#(b"b",bb--+b"Hb

*I@5C
?6
:?2
194C

(b",b+b,b/+"b,b-!b#(,b-!2b"Hb+b+b,(&b#(b",b-!-b!/b&b-!b
-+',"-"('b-(b_%+'"' Hb.,b-!b%,-b-!+b&$b,)"%b.,b(b%-+('"b&"Ib-!2b
+b,+"b"'b&(+b-"%b%-+Hb

"%&#-.-b+(+b-!b,,'-"%b,-),b"'bb)+(.+b(+b(&)(''-,b(bb,2,-&Hb(+&-b
-!b!$%",-b(+b)+"'-"' Hb(+b('%"'b!$%",-,Ib.,b!$(1,b,(b%+'+,b'b$)b
-+$b(b"-&,b(&)%-HH

 ,(H-/'',#-b+)b+."%b"'(+&-"('b"'bb"%Hb!2b+b,(&-"&,b%%bb
'8()b(+b)8()Hb'b(&&('b(+&b",b-!b)($-_,"3b+b%",-"' b(&&',b"'b
b(&).-+b)+( +&b(+b-!"+b$2(+b,!(+-.-,HH

&)--,#-bO)Hb9@@Pb"'b-!b$2b-+&,Ib+/"-"(',Ib'b,2&(%,b(bb"%HH

&/&.),-bO)Hb9A:Pb)+(+&b&-!&-"%b%.%-"(',b(+b%+'+,Ib-!.,b%"&"'-"' b
-!b'b-(b&&(+"3b(+&.%,b(+b(',.%-b(&)%1b-%,HH

G)(-/&.(.-bO)Hb9A;Pb",)',b/"b('b(&)%1b,"-.-"(',Hb!2b'b+' b+(&b
,"&)%b"_-!'b-%,b-(b.%%b1)+-b,2,-&,HH

?G
:?2
194C
G?B;

!+b",b'(b+%b%(0Ib,b#(b",b+b.,b2b-!&,%/,b(+b,bb)+-b(bb(b-"/"-2Hb
!'b-!b'b+",,Ib-!b%+'+b(-"',b-!b#(b"b'b(%%(0,b"-,b/"Hb-"'"' b-!b
#(b"b&2b"'/(%/b(0'%("' b"-b+(&bbb,"-b(+b#.,-b+!"' b"'bb)($-b(+bb
+,b'b,-"'b) b)+"'-b(.-b,"1b&('-!,b (Hb

<?CC1B95C

+'"' bb'0b,.#-b(-'b+*."+,b*."+"' bb'0b/(.%+2Hb
b %(,,+2b%-,b.,b%(($b
.)b-!b&'"' b(b-+&,b,b0b'(.'-+b-!&Hb
b ((b %(,,+2b'b"'b-+&,Ib,)%%b
(.-b+/"-"(',Ib'b,/b.,b-!b&++,,&'-b(b&",)+('(.'"' b-!b,!"(%-!,b(b
(.+b!(,'b)+(,,"(',Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

'b-!",b1&)%b+(&bb(.+,b('b
,.+b(+&-"('b"'b&"'"' Ib-!b
"'"-"('b(+b)'*)'.8'8$#%)b
"'%.,b'(-b('%2b-1-Ib.-b%,(bb
+)!"bO-!-b'bb'%+ PIb0!"!b



"%%.,-+-,b-!b(')-Hbb

%$$))-&
)!+!)!(



b
b
b
b
b
."%-b.,"' b
+-".%-b'  Hb

'b"-"('b-(b-!b"'"-"(',Ibb %(,,+2b'b"'%.Jb

%%.,-+-"(',b(+b%"'$,b-(b)()_.)b"%%.,-+-"(',Hb

2'('2&,b'b(-!+b+%-b0(+,Ib!b%"'$b-(b"-,b"'"-"('Hbb

+('.'"-"('Ib(-!b,)%%b(.-b"'b-1-b'b%"'$b-(b'b."(b"%Hb

+-b(b,)!b(b-!",b0(+Ib(+b1&)%Ib'(.'b(+b#-"/Hb

, b'(-,b-(b!%)b%+'+,b.,b-!b-+&b))+()+"-%2Hb

-85>
D?
3B51D5
1
7<?CC1BI

%(,,+",b+b%&(,-b&'-(+2b"'b_%+'"' b-!-b('-"',b-+&"'(%( 2b.'&"%"+b-(b
%+'+,b(+b-!-b"&,b-(b-!b(++-b.,b(b-+&"'(%( 2Hb
b %(,,+2b&$,b,-+' b0(+,b
&"%"+b'b .",b%+'+,b"'b-!"+b.,Hb(',"+b+-"' bb %(,,+2b(+b,.#-,b0!'Jb

+-"-"('+,b.,b&'2b,)"%"3b-+&,b'b+/"-"(',Hb/+2b(&)%1b'/(+b
",b,.#-b-(b-!b(0+_(_%b-Hb

(++-b.,b(b-+&"'(%( 2b",b+."%b-(b,.,,Hb ",.,"' b-+&,b'b.,b% %b
)'%-",b(+b#.,-b,/+b&++,,&'-Hb

()%b(b"+'-b,)"%-",bO'b!'b"+'-b/(.%+",Pb&.,-b(%%(+-Hb
'b
+!"--b&2b.,bb-!'"%b-+&b(+b,(&-!"' b-!-bb '+%b('-+-(+b++,b-(b2b
"-,b(&&('b'&b'b-!b(',-+.-"('b0(+$+b%%,b2b2-b'(-!+b-+&Hb

)"%",-,b'b'('_,)"%",-,b&.,-b0(+$b-( -!+Hb-'b+)(+-,b0+"--'b2bb
,)"%",-b&.,-bb-2)b'b"-b2b-!(,b'(-b/+,b"'b-!b,(-+"b-+&"'(%( 2b(b
-!b,)"%",-V,b"%Hb

(+b2(.b+-b_%+'"' b('b-!b(')-,b'b)+"'")%,b(bb"%Ib(',"+b0!-!+bb
%(,,+2b0(.%b&-b2(.+b+*."+&'-,Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
5CD
@B13D935C
6?B
7<?CC1B95C

%(,,+",b+b+%-"/%2b,2b-(b+-Hb-"/b %(,,+",Ib-!(. !Ib+*."+b%(,b--'-"('b
-(b%"' .",-"b'b-!'"%b",,.,Hb

+C5
D85
3<1CC93
6?B=E<1
6?B
4569>9D9?>C

!b%,,"b(+&b(+bb"'"-"('b!,b-0(b)+-,Hb!b"+,-b)+-bO%%b-!b#*(Pb-%%,b-!b
'+%b- (+2b-(b0!"!b-!b-+&b%(' ,Ib'b-!b,('b)+-bO%%b-!b'#)Pb-%%,b
!(0b"-b"+,b+(&b(-!+b"-&,b"'b-!b- (+2Hb(+b1&)%Ib"'b-!",b"'"-"('Jb
",)')-.,)*-#-b`b"%%.,"('b(b)-!b.,b2b-!b-b-!-b(#-,b(b"+'-b
(%(+,b(&b"'-(b(.,b-b"+'-b",-',Hb

!b '.,b",bW"%%.,"('b(b)-!IXb'b-!b"+'-"b",b-!b+,-b(b-!b"'"-"('Hb Ib"-V,b'b

(%_,!"('b02b(b0+"-"' b"'"-"(',b'b-!b-+&,b+b+(&bbb%' . Ib.-b-!b
(+&.%b",b,2b-(b(%%(0b'b%,b-(b"'"-"(',b-!-b+b,2b(+b%+'+,b-(b.'+,-'Hb

<1B96I
G85>
D85
D5B=
1@@<95C

+(/"b '+%b"'"-"(',b(+b,)""b(',Hb(+b!b,)""b"'"-"('Ib "'b0"-!b
-!b+b"'b0!"!b-!",b"'"-"('b))%",Hb
#&.,b`bb/"b(+b)+(,,b-(b%"&"-b0!-b",b"'%.Hb 'b&+_0(+$Ibb,!-b(b
&-+"%b"'b+('-b(b-!b%',b-!-b+,-+"-,b0!"!b(%(+,b(b%" !-b+!b-!b"%&b(+b,',(+Hb
'b)!(-(_"-"' Ib'2b)+(,,b-!-b,2,-&-"%%2b%-+,b-!b+(+b"& Ib,.!b,b
%.++"' Ib,!+)'"' Ib(+b-"'-"' Hb
(-"b!(0b-!",b %(,,+2b'-+2b"'%.,bb '+%b"'"-"('b'b-0(b,)"%"3b
"'"-"(',b"+'-"-b2b-!b('-1-b"'b0!"!b-!2b))%2Hb

&8B1C5
4569>9D9?>C
6?B
3<1B9DI

b-!b"'"-"('b++,b-(b,(&-!"' b,",b-!b-+&Ib&$b-!b"'"-"('bb(&)%-b
,'-'Hb(+b1&)%Jb
&#(%H&#-.b`bb-b,-+.-.+b"'b0!"!b!b&&+b,-(+,b'b"-&b(b-b'bb
)("'-+b-(b-!b'1-b&&+b"'b-!b%",-Hb 'b(.%_%"'$b%",-,Ib!b&&+b('-"',b
)("'-+,b-(b(-!b-!b)+/"(.,b'b'1-b&&+b"'b-!b%",-Hb
(b'(-b.,b-!b-+&b0"-!"'b"-,b(0'b"'"-"('Hb

 H)H
#-*&3H)(.,)&H*(&b`bb('-+(%b)'%b
0!+b2(.b'b('-+(%b-!b",)%2b(b
2(.+b(&).-+V,b&('"-(+Hb

H-H
#-*&3H)(.,)&H*(&b`bb.-"%"-2b(+b
!' "' b-!b,"3Ib'.&+b(b(%(+,Ib'b
(-!+b!+-+",-",b(b-!b"& b,!(0'b
('b2(.+b(&).-+V,b&('"-(+Hbb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
)5@1B1D5
D85
D5B=
1>4
9DC
4569>9D9?>

(+&-b-!b-+&b'b"'"-"('b,(b-!2b+b%+%2b,)+-Hb!",b",b+."%b(+b&.%-"_0(+b
-+&,Hb

 H)H
H-H 

))_!(%b-b&","'-+)+--"(',b **G")&H .bb

%$$))-&
)!+!)!(



.,b2b+"/"' b"'(+&-"('b0"-!(.-b &","'-+)+--"(',b.,b2b+"/"' b
"' b0+b(b-!b('-1-b"'b0!"!b"-b "'(+&-"('b0"-!(.-b"' b0+b(b-!b
))%",Hbb ('-1-b"'b0!"!b"-b))%",Hb

?F5B
1
@1BD93E<1B
695<4

," 'b2(.+b %(,,+2b,(b"-b(/+,b'b'-"+b"%b(b,-.2Ib'(-b#.,-b-!b-+&,b'b(+bb
,"' %b(.+,Hb!-b02b2(.b'b(+b2(.+b %(,,+2b,bb,)+-b)+(.-b'b2(.+b
%(,,+2b'b,.))(+-b&.%-")%b(.+,,Hb(b(.,b('bb,)""b+b(b$'(0% Hb
b
%(,,+2b",b'(-bb+)%&'-b(+bb '+%_).+)(,b"-"('+2Hb!+b+b%+2b)%'-2b(b
'+%_).+)(,b"-"('+",b('b-!bHb
'b('V-b(+ -b-(b%+%2b%%b-!b"%b2(.+b
%(,,+2b(/+,Hb

F?<F5
I?EB
7<?CC1BI

-+-b,"&)%2b'b&$b2(.+b %(,,+2b&(+b,()!",-"-b,b2(.b"'+,b"-,b,"3b'b
.'-"(',Hb
9H
-+-b0"-!bb,"&)%Ib,"' %_) b%",-b(b-+&,b'b"'"-"(',Hb+b#.,-b%"'$b-+&,b"'b2(.+b
-1-b-(b-!"+b"'"-"(',b"'bb,)+-b0"'(0Hb
:H
b-!b%",-b(b-+&,b -,b%(' +b-!'b=b(+b>b,+(%%"' b3(',Ibb%--+b.--(',b-b-!b-()b
(b-!b) b-(b,+(%%b"+-%2b-(b-!b"+,-b-+&b "''"' b0"-!b!b%--+Hb
;H

,b-!b%",-b +(0,b2('bb,"3b-!-b0"%%b%(b*."$%2Ib+$b"-b"'-(b,)+-b) ,Ib('b
(+b!b%--+b(+b +(.)b(b%--+,Hb
<H
b2(.+b %(,,+2b +(0,b2('bb(.)%b(b!.'+b-+&,Ib(+b"b"-b',b+*.'-b
+/","('Ib(',"+b,-(+"' b-!b-+&,Ib"'"-"(',Ib'b(-!+b-b"'bb-,b'b
'+-"' b!b"'"-"('b"'b+,)(',b-(bb+*.,-b+(&b-!b%+'+Hb
=H

b/'b,+!b-.+,Hb(+b1&)%Ib%-b%+'+,b,+!b(+b-+&,b0!(,b
"'"-"(',b('-"'b,)""b0(+,Hb+b%-b%+'+,b%(($b.)b-+&,b2b!(0b-!2b+b
)+('(.'Hb

?BB?G
1
7<?CC1BI

(+b2(.b,-+-b2(.+b %(,,+2b)+(#-Ib!$b-(b,b0!-!+b,(&('b%,b%+2b
).%",!,bb %(,,+2b(+b2(.+b"%Hb%(,,+",b1",-b(+b&(,-b-!'"%b'b.,"',,b
,.#-,Ib'b&(,-b+b+Hb bb %(,,+2b",b('b-!bIb%"'$b-(b"-Hb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
"9>;
B5<1D54
4569>9D9?>C

b-!b"'"-"('b(b('b-+&b"'%.,b0(+,b"'b%,0!+b"'b-!b %(,,+2Ib(',"+b
%"'$"' b!b(b-!,b-+&,b-(b"-,b"'"-"('Hb!",b",b,)"%%2b"&)(+-'-b"'bb"%b"'b0!"!b
'(/",b0(.%b!/b-+(.%b.'+,-'"' b"'"-"(',b(-!+0",Hb

1<3E<1D?BC

'b)().%+b#(b"b",bb#(_,)""b'.&+"%b%.%-(+Hb.!bb#(b"b%-,b0(+$+,b
(&).-b'.&+,b"+-%2Ib+-!+b-!'b!/"' b-(b+%%b(+&.%,Ib)+(+&b%.%-"(',Ib(+b
%(($b.)b',0+,b"'b(&)%1b-%,Hb'_,+'b%.%-(+,b&2b%,(b%"&"'-b-!b'b-(b
-!b(&)%1b(+&.%,Hb

1C5
CDE4I
?6
1>
?><9>5
31<3E<1D?B

-V,b(',"+bb,b,-.2b(b#.,-b,.!bb%.%-(+Hb!(-( +)!+,b+*.'-%2b'b-(b
%.%-b&+b,--"' ,b(+bb)+-".%+b,!(-Hb.!b%.%-"(',b"'/(%/b+%-"(',!"),b
&(' b)+-.+b(+b_,-()Ib,!.--+b,)Ib"%&b,)b(+b Ib'b1)(,.+b/%.Hbb

!(-( +)!+,b(.%b%.%-b-!b,"+b
/%.,b+(&b(+&.%,b-!2b!/b&&(+"3Hb
b

b
b
b

b

b--+b))+(!b&" !-bb-(b&$b-!b
%.%-(+b+.'b('bb&("%b/"b,(b
)!(-( +)!+,b(.%b,%")b"-b"'-(bb)($-b(+b
&+b Hb
b
."%b"'b
(b+&0/+Hb"0b1&)%b-b
!(+-('H(&^%^H
b

'_,+'b%.%-(+,b+&(/b.'',,+2b++"+,b-(b,.,,.%%2b))%2"' b0!-b-!b
%+'+,b$'(0b(.-bb,.#-Hbb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
5CD
@B13D935C
6?B
31<3E<1D?BC

'(+)(+-b,.!b%.%-(+,b"'-(b2(.+b_%+'"' b-(b+%"/b%+'+,b(b-!b-".&b(b
&'.%b%.%-"(',Hb

#(%H.)H*/&#&3H0#&&H&/&.),-Hb(b'(-b0,-b-"&b+)%"-"' b1",-"' b 


%.%-(+,Hb b%.%-"(',b"'b2(.+b,.#-b+b,"&)%Ib#.,-b-%%b%+'+,b!(0b-(b.,bb

%$$))-&
)!+!)!(



,-'+b%.%-(+Hb

%H(.,#(!H(/',-H-3Hb -b%+'+,b"').-b'.&+,b2b&(.,b(+b$2(+Hb

-H&/&.),-H.)H*,)').H3)/,HG&,(#(!Hb.-b-!b(.+,b&%&b(+b)+-&'-b
%( (b('b-!b%.%-(+Hb '%.bb%"'$b-(b%.'!b'b_%+'"' b(.+,b('b-!b(')-,b
'b)+"'")%,b,.))(+-b2b-!b%.%-(+Hb"/b02b%.%-(+,b+%2Hb&(',-+-b
-!&b"'b%,,+((&b(.+,,Hb

-.H(H, #(H3)/,H&/&.),-Hb $b,.+b-!2b(/+b-!b+%_0(+%b,"-.-"(',b2(.+b
%+'+,b'(.'-+Hb.+/2b)+-"-"('+,b-(b%+'b-!b+' b(b/%.,b-!b%.%-(+b
,!(.%b!'%Hb

3?>CE<D1>DC

_(',.%-'-,b "/b/"Hb
'b_(',.%-'-b",bb(+&b-!-b-!b%+'+b"%%,b"'b-(b,+"bb
)+(%&ab/"+-.%b"'-+/"0Hb!'b-!b%+'+b%"$,b-!b b(+b/'#.b.--('Ib-!b(+&b
'%23,b-!b%+'+V,b',0+,b'b+(&&',b-"(',b-(b-$Hb

!",b_(',.%-'-b!%),b&)%(2,b
-+&"'b0!-!+b-!2b'b-!"%%2b
)-b "-,Ib/(+,Ib'b'-+-"'&'-Hbb

"+,-Ib-!b&)%(2b",b,$b0!-b$"'b
(b "-b",b"' b(',"+Hb 'b-!",b
"',-'Ib-!b&)%(2b-!"'$,b"-b&2b
b%,,""b,b,!b(+b'b*."/%'-Hb
(-b,.+Ib-!b&)%(2b+,b'b
1)%'-"('b'b-+&"',b"-b",b,!Hb
(Ib-!b&)%(2b!((,,bW,XHb!b
_(',.%-'-b/",,b-!b&)%(2b-!-b
)-"' b,!b",b.'-!"%b'b0!-b
,-),b-!b&)%(2b,!(.%b-$Hb
."%-b"'b(0+("'-b'b('/+-b-(b%,!b0"-!b
")+"' b+,'-+Hb
b

!b_(',.%-'-b",b.,b-b-!b-"&bb)+(%&b+",,Hb -b,$,bb,+",b(b*.,-"(',Ib,b"b
('.-"' b'b"'-+/"0Hb!'b"-b",)',,b/"b,b('b'b(+ '"3-"('V,b)(%"",b'b
)+(.+,Hbb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
_(',.%-'-,b+b,(&-"&,b%%b,(-_,$"%%,b%.%-(+,b.,b-!2b%b0"-!b,"-.-"(',b
-((b(&)%1b-(bb+.b-(bb,"' %Ib,"&)%b&-!&-"%b(+&.%Hb,b-!&b0!'bb
,"-.-"('b!,bb%(-b(b('"-"(',b&"1b0"-!b"++ .%+"-",b'b1)-"(',Hbb

-85>
D?
EC5
53?>CE<D1>DC

_(',.%-'-,b0(+$b0%%b(+b'2b(&)%1b","('b-!-b'bb"/"b"'-(b,)+-b
","(',b'b (/+'b2bb&(+-%2b(&)%1b,-b(b+.%,Hb!,b"'%.b&' &'-b
","(',Ib,.!b,b (^'(_ (b","(',b('bb)+(#-b(+b,%-"' b&(' b%-+'-"/b
,.))%"+,Kb-!'"%b","(',Ib,.!b,b,%-"' b&(' b," 'b,-+- ",Kb(+Ib'2b$"'b(b
)+(%&_,(%/"' b-"/"-2Ib,.!b,b" '(,"' b)+(%&,b(+b+(&&'"' b.+-!+b-,-,Hb

5CD
@B13D935C
6?B
53?>CE<D1>DC


)H().H.,3H.)H"(&H0,3H-#./.#)(Hb(/+b-!b&(,-b(&&('b'b&(,-b+"-"%b(',Hb
-b",b--+b-(b+-bb#(b"b-!-b%-,bA8Bb(b)()%b,(%/bA8Bb(b-!b)+(%&,b-!'b-(b
+-b('b-!-b,(%/,bA=Bb(b-!b)+(%&,b.-b('%2b=8Bb'b.,Hb

 ,H&,(,-H.)H"/'(H0#-),-b'b(-!+b,(.+,b(b"'(+&-"('Hb "'$b-(b_&"%b
+,,,b'b "/b)!('b'.&+,b(b)()%b0!(b'b!%)b'%23b-!b)+(%&b'b
+(&&'b,(%.-"(',Hb

",-H+/-.#)(-H-#'*&3H,(b,(&('b.'+b-!b,-+,,b(b&$"' bb+"-"%b","('b'b
.'+,-'b-!&Hb!b)()%b&(,-b"'b'b(b/"b&2bb-!b(',b%,-b%b-(b
.'+,-'b(&)%1b*.,-"(',Hb

5CD
@B13D935C
6?B
:?2
194C

," '"' b#(b",b",b'(-b"".%-b,(b%(' b,b2(.b$)b"'b&"'b-!-b-!2b+b"+,-b'b
(+&(,-b-((%,b(+b.,b"'b-!b0(+$b'/"+('&'-Hb

-#!(H ),H")1H."H$)H#H1#&&HH/-Hb bb#(b"b0"%%bb.,b-(b ."bb%+'+b"'b

)+(+&"' bb)+(.+b('b-!b(&).-+b,+'Ib$)b"-b(&)-b,(b"-b(,b'(-b(/+b.)b
-((b&.!b(b-!b%+'+V,b0(+$b+Hb b-!b#(b"b .",bb)+(.+b('b02b+(&b-!b
(&).-+Ib," 'b"-b(+b)+"'-"' b(.-Hbb

*H$)H#-H)'*.H(H)(#-Hb
,bb+.%Ib," 'b-!b#(b"b,(b"-b"-,b"'bb,"' %b

,+(%%"' b3('b(b-!b+(0,+b-b"-,b.%-b,"3Ib(+b('bb,"' %b)"b(b))+Ib"b"-b0"%%bb
)+"'-b(.-Hbb

H*,#(.#(!H)/.<H ),'.H ),H**,Hb bb#(b"b0"%%bb)+"'-b(.-Ib&$b,.+b"-b)+"'-,b('bb

,"' %b,!-b(b))+Hb(',"+b(+&--"' b-!b)+"'-%b/+,"('b"'b
(b
+(-bb
(+&-b,(b-!-b2(.b'b('-+(%b-!b%2(.-b&(+b)+",%2b-!'b0"-!b Hb
'b+&&+b
-(b%%(0b(+b"+',b-0'b
<b'bHHb))+b,"3,Hb
%H$)H#-H-.(H&)(Hb
b#(b"b,!(.%b0(+$b(.-,"b-!b('-1-b(b2(.+b_%+'"' b
'b,!(.%b'(-b+*."+b1-',"/b-+"'"' b-(b.,Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(



 

b
)H().H'%H$)H#-H#(.)H./.),#&-Hb
b#(b"b",b'(-bb-+"'"' b-((%Hb $"' b"-b"'-(b('b
,-+(2,b-!b.'"*.b/%.b"-b!,b,bb#(b"Hb,b#(b",b-(b,.))%&'-b'b(&)%&'-b
-+"'"' Ib.-b'(-b,b-+"'"' Hb

-H$)H#-H.)H-#'*&# 3HG&,(#(!Hb .,-b,b#(b",b,"&)%"2b0(+$Ib,(b-((b'b-!2b

,"&)%"2b-$"' b_%+'"' Hb,b%.%-(+,b-(b+%"/b%+'+,b(b!/"' b-(b&$b-"(.,b



%.%-"(',Hb,b++'b,.&&+",b'b-,$_,)""b"',-+.-"(',b-(b ."b-!&b"'b

%$$))-&
)!+!)!(



.,"' b-((%,b0"-!"'b2(.+b_%+'"' Hb
*&H)/,--H1#."H$)H#-Hb(b'(-b/%()bb(.+,b"b%%b)()%b'b",bb#(b"Hb(b
'(-b-!b(+&.%,b"bb%.%-(+b%"&"'-,b-!b'b-(b%+'b-!b(+&.%,Hb(b'(-b-!b
(')-,b'b-+&,b"bb %(,,+2b",b0!-b)()%b+%%2b'Hb ',-Ib-!b!(0b-(b.,b-!b
#(b"b'b2(.b&2b'(-b'b-(b-!b-!b-!(+2Ib(')-,Ib)+(.+,Ib)+"'")%,Ib'b
(-!+b-"%,b'),.%-b2b-!b#(b"Hb

)H().H-"),.G#,/#.H&,(#(!Hb b2(.b+%%2b'b-(b-!bb(')-b(+b)+(.+Ib(b'(-b
"/b%+'+,bb#(b"b-!-b(/"-,b%+'"' b-!b(')-b(+b)+(.+Hb
-b%,-b-!b-!b
(')-b(+b)+(.+b"+,-Ib'b-!'b%-b%+'+,b!/b-!b#(b"Hb

-H$)H#-H-H''(.)-Hb"/b%+'+,b#(b",b-!-b-!2b'b('-"'.b.,"' b-+b2(.+b
_%+'"' Hb!,b&&'-(,b0"%%b+&"'b-!&b(b0!-b-!2b%+'b'b0!+b-!2b
%+'b"-Hb.-b2(.+b%( (b('-(b-!b#(b"Hb "'$b"-b-(b2(.+bb,"-Hb

HD5>4
:?2
194C

b'b"'+,b-!b+!b'b)(0+b(b#(b",b2b(&"'"' b-!&b0"-!b(-!+b-2),b(b
-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
:?2
194C
G9D8
?D85B
13D9F9D95C


'%.b#(b",b0!+b-!2b0"%%b,"&)%"2b(-!+b-"/"-",Hb," 'b-"/"-",b-(b
'(.+ b%+'+,b-(b "'b.,"' b#(b",Hb,b++'b,.&&+",b-(b,.&&+"3b$2b
)("'-,b+(&bb)+,'--"('bO)Hb>APb(+b+"' b-"/"-2bO)HbA;PHb '%.b%.%-(+,b"'b
)+-"bO)Hb9;8Pb'b ."_'%2,",b-"/"-",bO)Hb9;?Pb-!-b+*."+b)+(+&"' b
%.%-"(',b,b)+-b(b-!b-"/"-2Hb(&"'b)+-"b-"/"-",b0"-!b++'b
,.&&+",b'b!$%",-,Hb

-",2b-!b.+"(,"-2b+(.,b2bb#(b"Hb "'$b-!b#(b"b-(b"',-+.-"('b&'.%,b-!-b
(/+b&(+b,"-.-"(',b'b-(b)+,'--"(',bO)Hb>APb(+b+"' ,bO)HbA;Pb-!-b,)%%b(.-b
.'+%2"' b(')-,b'b%b0"-!b1)-"(',b-(b-!b+.%Hb

(($b(+b&(+b())(+-.'"-",b-(b.,b#(b",b"'b)+-"b-"/"-",bO)Hb9;8PIb(+" "'%_0(+$b
-"/"-",bO)Hb:8?PIb &,bO)Hb;:;PIb(+b ."b'%2,",bO)Hb9;?PHb

b
 



%$$))-&
)!+!)!(



'$!$
-
(!$


b
5C97>
:?2194
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

(%%-"/%2b+"',-(+&Ib)+(-(-2)Ib'b+"'bb'0b#(b"Hb

+)+bb %(,,+2Ib++'b,.&&+2Ib(+b(-!+b#(b"b,bb0"$"Ib"'b0!"!b-!b +(.)b
+/"0,Ib",.,,,Ib'b+"',b'-+",Hb


,bb +(.)Ib.,bb#(b"b-(b)+(+&bb(&)%1b-,$Hb
-b!b","('b)("'-Ib-!b +(.)b
",.,,,b)+()+b))%"-"('b(b-!b#(b"Hb


,,bb!.&'b#(b"Jb(!Ib&'-(+Ib+"'Ib(+b'b'-"+b,("%b'-0(+$Hb

5C97>
:?2194
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb


,,b#(b",b+(&bb&("%b/"Hb',.+b-!-b-!b#(b"b",)%2,b*."$%2b'b
% "%2Hb

(-b'b%(b#(_"b)),b('-(b-!b&("%b/"Hb
/"%%b#(b",b"'%.b
,.#-_,)""b!'(($,Ib&'.%,Ib%.%-(+,Ib-b+(++,Ib'b. &'-_
+%"-2b",)%2,Hb

,b).%"%%2b/"%%b"'(+&-"('b,(.+,Ib,.!b,b(( %b'b"$")"Ib,b#(b
",Hb

)-.+b0%%b)(,-+,Ib(,-_"-]b'(-,Ib0+'"' b%%,Ib'b(-!+b#(_",b."%-b"'-(b
&!"',b'b'/"+('&'-,Hb

()(
*,*)

,+!b(''-,b%+'+,b-(b-!b0!(%b0(+%b(b$'(0% b2b
-!"' b-!&b-(b%+'b('b-!"+b(0'Hb 'b(.+b(&)%1b0(+%Ib+,+!b",bb
,"b,$"%%Hb(-b&&(+"3-"('b(b-,b0"%%b'(-b(Hb!+b",b-((b&.!b-(b
%+'Ib'b0!-b",b.+-b'b))%"%b-(2b",b++('(.,b'b
"'))+()+"-b-(&(++(0Hbb

2?ED
B5C51B38
13D9F9D95C

,+!b-"/"-",b-!b%+'+,b-(b -!+Ib'%23Ib'b+)(+-b('b"'(+&-"('Hb.,b
-!2b"'/(%/b"'(+&-"('Ib+,+!b(.%b*.%"2b,b'b
,(+b-"/"-2Hb.,b-!2b
+*."+b)+(+&"' b-"(',b-(b -!+b"'(+&-"('Ib-!2b(.%bb(',"+b(b-"/"-",Hb b
!/b%,,""b-!&b,b(''-b-"/"-",b.,b-!b&(,-b/%.%b-b(b+,+!b",b-(b
(''-b%+'+,b0"-!b-!b.'"/+,b(b$'(0% b('b0!"!b-!2b&.,-b+0b-(b%b
,.,,.%b%"/,Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
!'(%( ",b-!-b%-b.,b"',-'-%2b,,b%+ b(",b(b"'(+&-"('b!/b%%b"'-(b
*.,-"('b-!b/+2b"'"-"('b(b0!-b"-b&',b-(b$'(0b,(&-!"' Hbb
!b/+b-(b$'(0b.,b-(b&'Ib!/"' b"'(+&-"('b,-(+b"'b('Y,b&&(+2Hb -b'(0b
&',b-!b)+(,,b(b!/"' b,,b-(b"'(+&-"('b'b$'(0"' b!(0b-(b.,b"-Hb`b
++-b"&('Ib(%b .+-b 

%$$))-&
)!+!)!(



!",b/"0b,!"-,b-!b&",,"('b(b.-"('b+(&b).--"' b-,b"'b)()%V,b!,b-(b "/"' b
)()%b-!b-((%,b-!2b'b-(b%+'b0!-b-!2b'b0!'b-!2b'b"-Ib-!-b",Ib('.-b
+,+!Hb!b"-(+b(b-!b'+'8*(#((8+,b).-b"-b/'b&(+b%.'-%2Jb
-Y,b'(-b0!-b2(.b$'(0Ib"-Y,b!(0b,-b2(.b'b,,b%%b-!b-!"' ,b2(.b('Y-b$'(0Hb

'b"b2(.b -b-!-b-"&b(0'b-(bb0b,(',Ib-!'b2(.b-"/%2b$'(0b
/+2-!"' Hb`b!(&,b-0+-Ib8!)8$8 #$,!8

!b"%"-2b-(b"'b"'(+&-"('b0!'b'b",b'(0b,"b.-"('Hbb

*I@5C
?6
B5C51B38
13D9F9D95C

,+!b",b(-'bb'-.+%b)+-b(b(-!+b-2),b(b-"/"-",Ib,.!b,b+"' ,b(+b",(/+2b
-"/"-",Hb0(b&"'b-2),b(b+,+!b+b%+'"' b-"/"-",b"'b-!"+b(0'b+" !-Hb

0(!,H"/(.-bO)Hb9A@Pb!%%' b%+'+,b-(b"'-"2b+%"%b,(.+,b(b"'(+&-"('b
-(b',0+b*.,-"(',b'b'%b-,$,Hbb

/#H,-,"HO)Hb:88Pb+*."+,b%+'+,b-(b(',.%-b/+"(.,b,(.+,b(b"'(+&-"('b
'b()"'"(',b('bb-()"b'b-!'b,.&&+"3b-!"+b"'"' ,Hb

%-!(. !b,"&"%+Ib-!,b-0(b(+&,b"+b"'b-!"+b).+)(,,Hb/' +b!.'-,b-!b%+'+,b
-(b"'b+%"%b,(.+,b(b"'(+&-"('Ib0!+,b ."b+,+!b-!,b%+'+,b-(b+0b
('%.,"(',b+(&b"'(+&-"('Hb

?G
B5C51B38
13D9F9D95C
G?B;

'b+,+!b-"/"-",Ib-!b%+'+b(',"+,bb*.,-"('b(+b,," '&'-Ib -!+,b-Ib'b
-!'b.,,b-!b-b-(b',0+b*.,-"(',b(+b,(%/bb)+(%&Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
)31F5>75B
8E>DC

/' +b!.'-,b,'b%+'+,b(.-b('bb*.,-b(+b',0+,b'b,(.+,b(b+%"%b
"'(+&-"('b('b-!bb(+b(+)(+-b'b&).,b"'-+'-,Hb
!b,/' +_!.'-b-"/"-2b,)"",b-!b*.,-"(',b-(bb',0+Hb -b&2b,)"2b
"-"('%b"'(+&-"('b-!b%+'+b&.,-b,.&"-Ib,.!b,b-!b%(-"('b0!+b-!b',0+b
0,b(.'Ib-!b&-!(b.,b-(b"'b"-Ib-!b+,('b0!2b"-b",b-!b(++-b',0+Ib('%.,"(',b
+0'b+(&b-!b',0+Ib'b-!b- (+2b"'-(b0!"!b"-b"-,Hbb

!b-"/"-2b&2b+(&&'b,(.+,b(b"'(+&-"('Ib(+b%+'+,b&2bb('b-!"+b(0'b-(b
%(-b,(.+,Hb,"' b-!,b,(.+,Ib%+'+,b',0+b-!b,)""b*.,-"(',b)(,b2b-!b
-"/"-2Hb%2"' b('b-!b',0+b-(b-!b,)""b*.,-"(',b'b('b,(.+,b"'-""b+%"+Ib
%+'+,b&2b',0+bb&(+b '+%b(+b,-+-b*.,-"('Hb.&",,"(',b&2bb
.-(&-"%%2b,(+b(+b +b2bb-!+Hb

!",b1&)%Ib," 'b-(b+.'b('bb&("%b/"Ib
,$,b%+'+,b0!'b-!b%,-b+(+b+-!*.$b
(.++b"'b(%(+(b'b"-,b& '"-.Hb +'+,b
+b%,(b)+(&)-b-(b'-+b-!b b(b-!b) b
0!+b-!b',0+b'bb(.'Hbb
b
b
b
b
b
b

(b,"&)%"2b,+!Ib-!b-"/"-2b"'%.,bb%"'$b-(b-!bHHb
(%( "%b.+/2bb,"-Ib-!b(""%b,(.+b(+b,.!b
"'(+&-"('Hbb

-+b%(-"' b-!b',0+b('b-!bb,"-Ib%+'+,b
+-.+'b-(b-!b/-.#)(-b) b-(b'-+b-!b',0+b'b
0!+b"-b0,b(.'Hb
b
b
b
b
b
."%-b.,"' b
(b+&0/+Hbb
"0b1&)%b-b!(+-('H(&^%^Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

+Ibb%+'+b)+-",b+,(%/"' b
-!"%b('+',b2b',0+"' bb
*.,-"('b('b!(0b-(b!/b-!"%%2b
"'bb(&&('b,"-.-"('Hb!b%+'+b
(',.%-,b('%"'b"'(+&-"('Ib"'b-!",b



,Ibb(b(b('.-Ib'b-!'b

%$$))-&
)!+!)!(



,%-,b-!b',0+b+(&bb+()_(0'b
%",-Hb 'b"-"('Ib-!b%+'+b&.,-b
,)"2b0!+b"'b-!b++'b
(.&'-b-!b',0+b0,b(.'Hb
$b .",b-!b%+'+b"'b&(+b
-"/b,+!,Hbb
."%-b.,"' b
(b%,!Hb"0b1&)%b-b!(+-('H(&^%^Hb b

+'"' bb+)"%2b/'"' b(2b(b$'(0% b+*."+,b%+'"' b!(0b-(b$)b.++'-b

0"-!b!' ,b"'b-!b"%Hb(+b"',-'Ib)+( +&&+,b&.,-b!/b,,b-(b-!b%-,-b
"'(+&-"('b('bb)+( +&&"' b%' . Ib-,b-!'(%( ",Ib'b-!b/+"(.,b(b
%"++",b-!2b.,b"%2b"'b-!"+b)+(#-,Hb.!b"'(+&-"('b",b*."-b/(%-"%b.,b
)+(.+,b+b+*.'-%2b+%,"' b'0b/+,"(',b(b-!"+b-((%,b,b0%%b,b-!b"'/"-%b
)-!,Ib. b"1,Ib'b0(+$_+(.',Hb"-!b,.!b/(%-"%"-2Ib)+"'-b(.&'--"('b'b
%,,+((&b-+"'"' b''(-b$)b.)Hb!b)+( +&&+b0!(b+%",b('b-!b-((%,b'b
(.&'--"('b-!-b&b"'b-!b(1b",b%-b!"'Hb

-85>
D?
EC5
C31F5>75B
8E>DC

,b,/' +b!.'-,b-(b-!b%+'+,b-(b"'b-!"+b(0'b,(.+,b(b+%"%b"'(+&-"('Hb
!",b",b,)"%%2b/%.%b"'b"%,b"'b0!"!b-!b,-Ib&(,-b.)_-(_-Ib&(,-b.+-b
"'(+&-"('b",b(.'b('%2b('%"'Hb 'b,.!b"%,Ib$'(0"' b0!+b-(b"'b"'(+&-"('b",b'b
,,'-"%b,$"%%b"'b"-,b(0'b+" !-Hb,b,/' +b!.'-,b-(b-!b%+'+,b-(Jb

"'b"'(+&-"('b('b-!b '-+'-b(+b"'-+'-Hb

/" -bb%+ b++'b(.&'-Ib,.!b,bb,)""-"('b(+b-!'"%b&'.%Hb

-+"/b"'(+&-"('b+(&bb-,Hb

5CD
@B13D935C
6?B
C31F5>75B
8E>DC

*H."H.#0#.3H-#'*&Hb/' +b!.'-,b(b'(-b!/b-(bb(&)%1Hb!2b'bb,b
,"&)%b,bb%",-b(b"/b-(b-'b,!(+-b*.,-"(',b-!-b%+'+,b'b',0+b2b(',.%-"' bb
+,(.+,Hb

")1H."H0&/H) H#( ),'.#)(Hb(b&)!,"3b-!b"&)(+-'b(b-b -!+b"'b-!b

,/' +b!.'-Ib!/b%+'+,b.,b-!-b-b"'b%.%-"(',b(+b"'b&$"' b","(',Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
)/-H)(H."H!)&H) H."H.#0#.3;H&)!,"3b-!-b&+%2b',0+"' b-!b*.,-"('b",b'(-b
'(. !Hb!b (%b(b-!b,/' +b!.'-b",b-(b"'-"2b+%"%b,(.+,b(b"'(+&-"('b(+b
.,b"'b-!b.-.+Hb*."+b%+'+,b-(b"'-"2b-!b,(.+,b(b-!"+b',0+,b'b-(b#. b-!b
.+2b(b"'(+&-"('b)+(/"b2b-!(,b,(.+,Hb

#'*&# 3H-),#(!Hb(b.-(&-b,(+"' Ib%-b%+'+,b)"$b+(&b%",-,b(b)+_"'-""b

%(-"(',Hb b%+'+,b&.,-b-2)b"'b%(-"(',Ib&-!b-!&b-(bb%",-b(b)-%b%(-"(',Hb
.&",,"(',b0"-!b.'&-!b%(-"(',b+b+(.-b-(bb!.&'b/%.-(+Hb b-!b%(-"('b",b
 Ib"-b",bb-(b-!b%",-Hb
"&&(!H&,(,-Hb(b "/b-!b,/' +b!.'-b&(+b(bb &b%/(+Ibbb(.'-(0'b
-"&+b-!-b"&)(,,bb/","%b-"&b%"&"-b('b,+!,Hb

E9454
B5C51B38


,b"-,b'&b,. ,-,Ib ."_+,+!b-"/"-",b(!b%+'+,b('b!(0b-(b)+(+&b
+,+!b"'b-!"+b,.#-_+Hb +'+,b+b,," 'bb+,+!b-()"Hb!b-()"b&2bbb
(&)%1b*.,-"('b(+bb,+",b(b,"&)%b*.,-"(',Hb +'+,Ib"'"/".%%2b(+b"'b-&,Ib
-!+b-!b"'(+&-"('b',,+2b-(b',0+b-!b*.,-"(',Hb +'+,b/%.-b-!b
"'(+&-"('b-!2b!/b -!+Ib,%-b+%/'-b-,Ib'b(+ '"3b-!&Hb
b-!+b(+b
"%"--(+b&2b-!'b +b+)(+-,b)+)+b2b%+'+,b,b('b-!b1-',"/',,b(b-!b
+,+!Ib.+2b(b-!b-,Ib'b%( "b(b-!b(+ '"3-"('Hb

'b-!",b(.+,b(+b0"%+',,b
&' +,Ib%+'+,b,-+-b0"-!b
-!b","('b-!-b',b-(bb
&Hb b-!2b.'+,-'b-!b
"&)%"-"(',Ib-!2b'b&$b-!b
","('b+" !-b02Hb b'(-Ib
%+'+,b'b!((,b-(b+/"0b
'b1)%(+b,.))(+-"' b
&-+"%,b-(b!%)b-!&b&$b
-!"+b","('Hb
b

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

'b(b-!b-,b%+'+,b'b
!((,b",b-!b-)/,-b-Hb -b
)+(/",b%"'$,b-(b.,.%b
(.&'-,Ib#(b",Ib'b
'+%b"'(+&-"('Hb


%$$))-&
)!+!)!(



b

b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b
(b
+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

-85>
D?
EC5
7E9454
B5C51B38

.,b ."b+,+!b0(+$,b0%%b0"-!b"'"/".%,Ib-&,Ib'b'-"+b%,,,Ib&$b"-bb
,-)%b(b"',-+.-(+_%b_%+'"' Hb,b"-b-(b-!b%+'+,b!(0b-(b('.-b"'(+&%b
+,+!b('bb,.#-Ib,)"%%2b"b%+'+,b0"%%b+*.'-%2b'b-(b)+)+b+)(+-,b
,.&&+"3"' b-!"+b+,+!b(+-,Hb

%-!(. !b%(-"' b"'(+&-"('b'b'%23"' b"-b+bb)+-b(b ."b+,+!Ib-!,b-,$,b

+b'(-b-!b)+"&+2b(.,Hb,b ."b+,+!b0!'b2(.b0'-b-(b-!b%+'+,b-(b
/%.-Ib,%-Ib'b(+ '"3b"'(+&-"('Hb(b-!b#.,-b"'(+&-"('_ -!+"' Ib.,bb
,/' +b!.'-bO)Hb9A@PHb(b-!b'%2,",Ib.,bb ."_'%2,",b-"/"-2bO)Hb9;?PHb

,1B91D9?>C
?6
7E9454
B5C51B38

(.b'b)-b ."_+,+!b-"/"-",b(+b&'2b"+'-b$"',b(b_%+'"' b'b(+b
"+'-b%,,b,"3,a/'b%,,,b(b('Hb+b+b,(&b",b('b!(0b-(b)-b ."b
+,+!b-(b2(.+b',Jb

&5BC?>1<
@5BC@53D9F5C

-!+b-!'b!/b!b%+'+b)+(+&b-!b,&b+,+!b-,$Ib)"$bb(&)%1b,.#-b'b
,," 'b!b%+'+bb"+'-b)+,)-"/b-(b+,+!Hb(+b1&)%Ibb(.+,b('b)+(#-b
&' &'-b(.%b+,+!b-!b,b(b-!b0",!b,!")Ib(Ib0!"!b,'$b('b"-,b02b(.-b
(b-($!(%&b+(+b('b"-,b&"'b/(2 b"'b9>:@Hb+,)-"/,b-(b+,+!b0(.%bJb

(!#(,#(!Hb!-b," 'b%0,b.,b-!b,!")b-(b),"3b'b,"'$Mb,b'/%b
' "'+"' b/'b'(. !b-b-!b-"&b-(b!/b)+/'-b-!b"%.+Mb

(!,#&Hb(0b"b-!b&' &'-b)+(,,b(b," '"' b'b."%"' b-!b,!")b
('-+".-b-(b"-,b"%.+Mb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b

)#&Hb!-b,("%b)+,,.+,b('-+".-b-(b-!bb," 'Mb

!&Hb!-b0+b-!b"/"%b'b+"&"'%b)+("' ,b-!-b(%%(0Mb

#-.),#&Hb(0b"b0",!b!",-(+2b"'%.'b-!b," 'b(b-!b,!")Mb(0b"b-!b
"%.+b-b/'-,b-+0+Mb


-.".#Hb!-b-.+,b(b-!b,!")b0+b,2&(%"b(+b(+-"/Mb!-b0,b-!b+(%b(b
,-!-",b"'b," 'b-b-!-b-"&Mb"b,-!-",b('-+".-b-(b-!b"%.+Mb

#(.# #Hb!2b0+b-!b+&"',b(.'b/"+-.%%2b"'--Mb(0b0,b-!b,!")b+(/+b
'b)+,+/Mb!-b"b,"'-",-,b%+'b2b+,-(+"' b"-Mb
+'+,b'b(',"+b-!b+,+!b(b%%b-!b"+'-b)+,)-"/,b-(b. &'-b-!"+b(0'Hb

)3B1@2??;

'b)().%+b(+&b(b ."b+,+!b",b-!b,+)(($Hb+b%+'+,b -!+b'b(+ '"3b
$'(0% b('bb,.#-Hb!2b+-bb,+)(($b2b.--"' b'b),-"' bO'(-b%"'$"' Pb
+,(.+,Hb +'+,b'b%-+b)(,-b-!"+b,+)(($,b-(bb(+.&b(+b(-!+,b-(b(&&'-b('Hb
"/b%+'+,b"',-+.-"(',b,.!b,b-!,Jb
#0:0;
;/,
9,:6<9*,:
30:;,+
),36>
633,*;
;,?;
70*;<9,:
:;(;0:;0*:
)0;:
6-
4<3;04,+0(
(5+

8<6;(;065:
04769;(5;
;6
@6<9
963,
(5+
(::0.54,5;
::,4)3,
;/,
70,*,:
05;6
(
:*9(7)662

(556;(;,+
>0;/
)90,-
,?73(5(;065:
6-
>/(;
;/,@
4,(5
(5+
>/@
@6<
:,3,*;,+
;/,4

9,7(9,
(
;()3,
6-
*65;,5;:
:/6>05.
;/,
36.0*(3
69.(50A(;065
6-
;/,
4(;,90(3:
@6<
/(=,

*633,*;,+

1I
9>
D85
<965

/b%+'+,b+,+!bb.++'-Ib!",-(+"%Ib(+b"-"('%b!+-+b'b-!'b0+"-b(.-b
0!-b-!",b)+,('b1)+"',b('bb-2)"%b2Hb"$bb)+,('b0!(b!,b('-+".-b-(b-!b
,.#-b&--+b(b-!b(.+,b(+b0!(b",b'b1&)%+2b)+-"-"('+b"'b-!b"%Hb+b)"$b'b
(+"'+2b)+,('b-2)"%b(bb,("%b%,,b(+b)+(,,"('Hb

)5<645B9F54
25CD
@B13D935C

'b(+&b(b+,+!b(+b)+-"%b,.#-,b",b-(b+*.,-b%+'+,b-(b,)(-Ib'%23Ib'b
1)+,,b,-b)+-",b"'b1&)%,b(b1%%'-b0(+$b"'b-!b"%b(b,-.2Hb+b",b!(0b-!",b
-"/"-2b&" !-b0(+$Jb

-+-b2b)+,'-"' b,(.+,b(b(3',Ib(+b/'b!.'+,Ib(b1&)%,b(b1%%'-b0(+$b
(+b%+'+,b-(b)+.,Hb(.b'b)"$b-!&b2(.+,%b(+b,%-b&.,.&b1!""-,Ib0+b
0"''+,Ib(+b"-&,b+*.'-%2b"-b2b1)+-,Hbb

1-Ib"+-b%+'+,b-(b,)""b,)-,b(b-!b1&)%,Hb(.b&2b%",-b!+-+",-",b-(b
'(-"b(+b,$b,)""b*.,-"(',b(.-b-!b1&)%,Hb+b2(.b&" !-b "/b%+'+,b,)""b
- (+",b"'b0!"!b-(b(&)+b-!b1&)%,Hbb

!'Ib,$b%+'+,b-(b)"$b-!b,-b1&)%b"'b-!b- (+2b'b,--b0!2b"-b",b-!b,-Hb
',-+.-b%+'+,b-(b+)-b-!b)+(,,b"'b'(-!+b- (+2Hbb

"'%%2Ib,$b%+'+,b-(b '+%"3b0!-b-!b,-b1&)%,b!/b"'b(&&('Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
+"-+"b(+b(&)+",('b,!(.%b,$b*.,-"(',b'b1)+-b0(.%b,$b.-b'(-bb0" !-b-(b
,. ,-b'b',0+Hb(.b&2b0'-b-(b"'%.bb0(+$,!-b-(b ."b'%2,",b'b,-+.-.+b
-!b-"/"-2Hb

%>7?9>7
B5C51B38



(+bb+,+!b)+(#-Ib+*."+b%+'+,b-(b$)b'b)+"("%%2b,.&"-b%( ,b(b-!"+b

%$$))-&
)!+!)!(



+,+!b-"/"-",Hb!b-!+b'b"'-"2b"-"('%b,(.+,Ib,. ,-b&(+b""'-b
-!'"*.,Ib'b!%%' b*.,-"('%b+,(.+,Hb'bb0$Ib+*."+b%+'+,b0(+$"' b
,bb-&b-(b,.&"-bb+"b,.&&+2b(b-!"+b"'"' ,Hb

5CD
@B13D935C
6?B
7E9454
B5C51B38


--#-.H&,(,-H#(H&).#(!H,&#&H-)/,-H) H#( ),'.#)(Hb+(/"b%"'$,b(+b,+!b-+&,b
-!-b0"%%b+/%b',0+,b-(b,(&b*.,-"(',Ib.-b'(-b%%Hb*."+b%+'+,b-(b"'b'%( (.,b
+,(.+,Hb."b-!b+,+!Hb

'*"-#4H."H#'*),.(H) H0&/.#(!<H-&.#(!<H(H),!(#4#(!H .-Hb $b ."b

+,+!b&(+b-!'b,"&)%2b+(+"' b"'(+&-"('b(.'b-b-!b'b(bbb,+!Hb
*."+b%+'+,b-(b#. b-!b.+2b(b0!-b-!2b"'Ib,%-b-!b,-b/"'Ib'b
(&"'b"-b"'-(bb(!+'-b+ .&'-b(+b1)%'-"('Hb
-H*,)#(!H+/-.#)(-H.)H!/#H,-,"Hb
,$b*.,-"(',b-!-b+*."+b(&"'"' b
"'(+&-"('b+(&b&.%-")%b,(.+,Hb*."+b%+'+,b-(b,(+-b(.-b('-+"-(+2b"'(+&-"('b
(+b-(b,)+-b-b+(&b()"'"('Hb
,$b0!2b'b!(0Ib'(-b#.,-b0!'b'b0!-Hb

5CD
@B13D935C
6?B
B5C51B38
13D9F9D95C

5C97>
D?
3?>>53D

',.+b-!-b+,+!b-"/"-",b(''-b%+'+,b-(b%"b'b)+"(+b%+'"' Hb

&)!,"3b%(-"' b,(.+,b(b"'(+&-"('b'b-!b)+(,,b(b'%23"' b-Ib'(-b#.,-b
-!b+,.%-,b-!-b',0+b"'"/".%b*.,-"(',Hb

+b%+'+,bb,%-"('b(b"'(+&-"('b,(.+,b-(b!((,b+(&b'b+*."+b-!&b-(b
(',.%-b&.%-")%b,(.+,Hb

*."+b'%2,",b'b,2'-!,",b-(b-!b%+'+,b-(b))%2b0!-b-!2b -!+b-!+(. !b
+,+!Hb

+C5
D85
-52
1C
1
C?EB35
?6
=1D5B91<

(-!b$"',b(b+,+!b-"/"-",b'"-b+(&b-!b/,-b%"++2b(b+,(.+,b/"%%b('b-!b
Hb
&",-b-!b,1b,!(),Ib" (-_%( ,Ib'b0-!_&b&,b+bb-+,.+b(b,b
,-.",Ib+)(+-,Ib(($,Ib&'.%,Ib!",-(+"%b(.&'-,Ib-,,Ib"-"('+",Ib'0,Ib
&.,"Ib"& ,Ib'b-%( b-b('b/+2b,.#-b"& "'%Hb .!b(b"-b",b+Hb(+b

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
2(.b,-+-b,!(/"' b&-+"%b('%"'b(+b.,b"'b+,+!b-"/"-",Ib(',"+b0!-!+b2(.+b
-"&b&" !-bb--+b,)'-b," '"' b'b-"/"-2b-!-b+%",b('b/"%%bb+,(.+,Hb
.,.#(!H*)#(.-H ),H,-,"Hb!+b+b-!(.,',b(bb,"-,b-!-b'b"+-b2(.b-(b
.,.%b,(.+,b(b"'(+&-"('Hb(&b(b-!,bb,"-,b+b&"'-"'b2b,+!b' "',Ib
,(&b2b (/+'&'-b '",Ib,(&b2b.'"/+,"-",Ib'b,(&b2b(&&.'"-",b(b
),,"('-b&-.+,Hb+b+b,(&b(b-!,b,(.+,b-(b(',"+b,bb,-+-"' b)("'-Hb('V-b
+( '"3b-!b ,Mb%%Ib!$b-!&b(.-Hb

1#%#*#;)'b(+b+-"%,b('bb/,-b/+"-2b(b,.#-,Hb

#.#)(,3;, ,(;)'b(+b"'"-"(',b(b0(+,Hb

/,(#.#)(,3;)'b(+b-!b&'"' b(b-!b%-,-b,%' b'b#+ ('Hb

.3')(&#(;)'b(+b-!b!",-(+2b(b0(+,b'b)!+,,b0b.,Hb

,.";!))!&;)'b(+b;b/"0,b(b/+20!+b"'b-!b0(+%bO'(b$""' PHb

-")&,;!))!&;)'b(+b,!(%+%2b))+,b'b(($,Hb

#'!-;!))!&;)'b(+b)"-.+,b(b#.,-b(.-b'2-!"' b2(.b'b"& "'Hb

))%-;!))!&;)'b(+b,,b-(b-!b-1-b(b&"%%"(',b(b(($,Hb

/-*.);!)0b(+b-!(.,',b(b)-'-,b,+""' bb&2+"b(b/",b'b&-!(,Hb

-;!)0H(+b"'(+&-"('b('b(&)'",b).%"%2b-+b"'b-!b
Hb

,)/.H&#.,./,H(H)/'(..#)(Hb(2b-!bb,"-,b(+b&(,-b(&)'",b)+(/"b
-"%b()+-"' b"',-+.-"(',Ib&+$-"' b%"-+-.+Ib+)"+b)+(.+,Ib++'b
&'.%,Ib-!'"%b,)""-"(',Ib'b(.&'--"('b(+b-!"+b)+(.-,b'b,+/",Hb,b
-!,b&-+"%,b"'b_%+'"' b-!-b"'/(%/,b,%-"' Ib()+-"' Ib," '"' Ib/%.-"' Ib
&'.-.+"' Ib(+b+2%"' b,.!b)+(.-,Hb(b-(b-!b(&)'2V,bb,"-b'b%"$b('b
,)/.-b(+b/**),.b-(b,-+-b"'"' b,.!b+,(.+,Hbb
!4#(-H(H$)/,(&-Hb/'b))+_,b& 3"',Ib-+b#(.+'%,Ib'b,!(%+%2b
#(.+'%,b'(0b&$b+-"%,Ib,-+-,Ib'b$b",,.,b/"%%b(/+b-!bHb(&b
!+ b(+b,,b-(b(&)%-b+-"%,b(+b$b",,.,Ib.-b&(,-b)+(/"b+b,,b-(b
,.&&+",b(b.++'-b+-"%,Hbb
,) --#)(&H--)#.#)(-Hb b&(+b-!'bb0b)()%b)+(+&bb#(b-"/"-2Ib-!+b",b
)+(%2bb)+(,,"('%b(+ '"3-"('b0"-!bbb,"-b+(&b0!"!b%+'+,b'b -b.,.%b
"'(+&-"('b+ +"' b-!b)+"'")%,Ib-!",Ib,-'+,Ib#(b- (+",Ib,$"%%b+*."+&'-,Ib
'b(-!+b,)-,b(b-!b#(Hbb,)"%b"'-+,-b-(b.,b," '+,b(b%+'"' b0"%%bbb
,"-,b(b.,+_ +(.),b(+b-!b)+(.-,b0b+(.-"'%2b.,Hb'b,-+%"' b1&)%b(b-!b
/%.%b+,(.+,b/"%%b('b,.!b,"-,b",b-!b-"('%b
,,("-"('b(b!(-(,!()b
+(,,"('%,bO000H)!(-(,!().,+H(&PHbb

(,-b)+(,,"('%b,,("-"('b,"-,b+/%b-!"+b.%%b+"!,b('%2b-(b&&+,b(b-!b
,,("-"('Hb(.b&2b0'-b-(b'(.+ b%+'+,b-(b#("'Hb+Ib2(.b&2b'b-(b+,-+"-b
2(.+,%b-(b-!b+%2b/"%%b+,(.+,Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
)0,('(.H!(#-Hb '+,"' %2Ib (/+'&'-b '",b+b&$"' b-!"+b(%%-"(',b(b
+ .%-"(',Ib+-0(+$Ib'b,"'-""b-b/"%%b(/+b-!b '-+'-Hb(+b1&)%Ib

b
&$,b/"%%b;b ',-b'b!.--%b+b"& +2b(+b-!b0!(%b)%'-b
O0(+%0"'H+H',H (/PHb!bHHb "++2b(b(' +,,bO000H%(H (/Pb(+,b+b,,b
-(b&),Ib)!(-( +)!,Ib/"(b%"),Ib'b%"++"',Hb!b.+()'b'"('b'_ "'b 


O.+()H.Pb)+(/",b"'(+&-"('b('b (/+''b(b-!b.+()'b'"('Hb!b'"-b

%$$))-&
)!+!)!(



-"(',b)+(/",b,"&"%+b"'(+&-"('bO000H.'H(+ PHb
1-H(.1),%-H(H(1-**,-Hb
%&(,-b%%b&#(+b'0,_+)(+-"' b(+ '"3-"(',b!/b
b,"-,b-!-b)+(/"b.)_-(_-!_&(&'-b'b+!"/b+-"%,b'b/"(b%"),b('b)(%"-",Ib
-!'(%( 2Ib.,"',,Ib,"'Ib'-.+Ib'-+-"'&'-Ib.-"('Ib,)(+-,Ib&""'Ib-+/%Ib
'b%0Hb+b+b#.,-bb0b-(b -b2(.b,-+-Jb

'0,HH(H.$b

000H''H(&b

000H0,#H(&b

000H&,'H(&b

'2-"&,H(&b

-H(&b
)b"'b&"'b-!-b!b(b-!,b(+ '"3-"(',b!,b"-,b(0'b)+,)-"/Hb/+%b!/b
&.%-")%b"/","(',Hb(+b1&)%Ib-!b##!8"(b!,b,)+-bb,"-,b(+b-!b Ib-!b
HHIb.+()Ib'b
,"Hb

#-/--#)(H ),/'-H(H(1-!,)/*-Hb b&(+b-!'bb-!(.,'b)()%b0(+%0"b+b

"'-+,-b"'bb,.#-Ib2(.b'b-b-!+b",bb",.,,"('b(+.&b(+b'0, +(.)b('b-!b
,.#-Hb.!b('%"'b",.,,"(',b)+(/"bb +-b+,(.+b-(b"'-+(.b%+'+,b-(b,.#-,b
,b-!2b+b)+-"b"'b-!"+b"%b(b,-.2Hb!2b'b%,(bbb02b-(b"'-+(.b%+'+,b-(b
-!b)--2b"$+"' Ib'+",,",-"b,%_)+(&(-"('Ib(&,-"b)('-""-"' Ib'b)+,('%b
"'/-"/b(&&('b(.-b"'b-!b+%b0(+%Hbb
/b%+'+,b,,bb(+.&b(+b'0, +(.)Ib%.+$b(+bb0!"%Ib-!'b#("'b"'b-!b
('/+,-"('Ib'b"'%%2b+)(+-b('b0!-b-!2b!/b%+'Hb. ,-b-!-b%+'+,b+)(+-b
('b0!-b-!b+%b.'-"('b(b-!b +(.)b))+,b-(bHb(+b0!-b$"',b(b*.,-"(',b",b"-bb
((b,(.+Mb(+b0!"!b$"',b",b"-b'(-b'b-"/b,(.+Mb ,b"-,b.'-"('b)+"&+"%2b
,!(%+%2Ib#(_+%-Ib(+b,("%Mb
#,.H)-,0.#)(H-#.-Hb "/b"'+,b!/b,!(0'b",b"' b(+'Ib!+-,b"' b
2),,Ib'b,1b"' b!Hb.-b'(-b%%b," !-,b('b-!bb+b,(b,)-.%+Hb(&b!/b
,(%"b.-"('%b/%.Hb

b!,bbb,"-b%%b$2"0Ib0!+b)+(,,"('%,b'b
&-.+,b%"$b'b/"0b'2b,-+('(&"%b(2b(+b)!'(&'('bO,$2/"0H ,H',H (/PHb
&,b%-b.,b/"0b%"/b"& ,b(b-!b'b'$b-b-!b0b' %'b
*.+".&b
O000H'*H(+ PIb/+"(.,b/"0,b(b-!bb '-+)"b .,.&bO000H+-!&H(&PIb(+bb
/(%'(b,&(%+"' bO000H,HH.,^ )'^/(%'(&,^&,!^PHb b2(.b0'-b%+'+,b-(b,b

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
"-Ib#.,-b-2)b-!b,.#-b'b-!b0(+b"b"'-(bb,+!b' "'b'b,b0!-V,b(.-b
-!+Hb

HD5>4
B5C51B38
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b+,+!b-"/"-",b2b(&"'"' b-!&b0"-!b(-!+b
-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
B5C51B38
G9D8
?D85B
13D9F9D95C


(&"'b ."b'%2,",bO)Hb9;?Pb'b ."b+,+!b-(b-!b%+'+,b-(b"'-"2b
,(.+,b(b"'(+&-"('Ib-(b1-+-b-,b+(&b-!&Ib'b-(b'%23b-!b-,b"'b-"%Hbb

(%%(0b)+,'--"(',bO)Hb>APb(+b+"' ,bO)HbA;Pb0"-!b+,+!b-"/"-",b-(b-!b%+'+,b
!(0b-(b%+'b&(+b('b-!"+b(0'Hbb

/b%+'+,b('.-b+,+!b-(b%(-b&-+"%,b(+b+"' b-"/"-",bO)HbA;PHb

(&&'b)+,'--"(',b(+b+"' ,b-(b/+"2b+,+!b"'"' ,b(+b-(b+(.'b(.-b
",(/+",Hb

5C97>
B5C51B38
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

('.-b+,+!b,bb +(.)Hb!b +(.)b)%',b-!b(+-Ib,."/",b-!b-,$Ib('.-,b
+,+!b,)+-%2Ib",.,,,b"'"' ,Ib'b+0,b('%.,"(',Hb

!+b-"),b('b+,+!b-!'"*.Ib,(.+,b(b"'(+&-"('Ib'b+,.%-,Ib,)"%%2b"b
.'1)-b(+b!+b-(b1)%"'Hb

(',-+.-bb,+)(($b(+b0"$"b,.&&+"3"' bb+(b+,+!b(+-Hb!b%+'+b
(+" "'-,b('b(+b&(+b'-+",Ib'b-!b +(.)b",.,,,b'b+"',b-!b'-+",Hb

'/,-" -b&2-!,Ib.+'b% ',Ib'b(',)"+2b-!(+",b"'b-!"+b"%b(b,-.2Hb
,bb
+(.)Ib"'-"2bb*.,-"('%b%"&Ib"b!(0b-(b)+(/b(+b",)+(/b"-Ib('.-b-!b
-,-Ib",.,,b+,.%-,Ib'b).%",!b('%.,"(',b'b/"'Hb

5C97>
B5C51B38
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

,b&("%_/",b-(b ."b%+'+,b"'b,,"' b)!2,"%b+,+!b,(.+,Ib,.!b,bb
++'b%"++2Ib&.,.&Ib(+b'0,))+b&(+ .Hb

'%b%+'+,b-(b('.-b('%"'b+,+!b-b-!b-"&b'b)%b-b0!"!b-!2b0"%%b
))%2b$'(0% Hb

-!+b"'(+&-"('b"'bb)!2,"%b'/"+('&'-b0"-!b(&&'-+2b'b%.,b%(-b2b
Ib+_(,Ib(+b b!"),bO)Hb=98PHb

,b)!(-( +)!2Ib."(_+(+"' Ib'b/"(_+(+"' b-(b)-.+b+%_0(+%b
/"'Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

%($"-%(!
*,*)

+" "'%_0(+$b-"/"-",b+b-!b.%-"&-b"'%b1&a-!2b
+*."+b%+'+,b-(b))%2b%+'"' b-(b-!"+b(0'b0(+$Hb 


+'+,b&.,-b,(%/bb+%_0(+%b)+(%&b'b,.&"-b-!"+b

%$$))-&
)!+!)!(



,(%.-"(',b(+b+"-"*.b2bb-!+b(+b2b%%(0b%+'+,Hb

2?ED
?B979>1<G?B;
13D9F9D95C

+" "'%_0(+$b-"/"-",b'(.+ b%+'+,b-(b "'b))%2"' b%+'"' b-(b.++'-b)+(#-,Hbb

-85>
D?
EC5
?B979>1<G?B;
13D9F9D95C

+" "'%_0(+$b-"/"-",b%-b2(.b'b2(.+b%+'+,b/+"2b-!-b-!2b'b))%2b%+'"' b-(b
+%b0(+$b(+b.-.+b,-.",Hb,b(+" "'%_0(+$b-"/"-",b-(Jb

+"2b-!-b%+'+,b'b))%2b0!-b2(.b+b-!"' Hb

',.+b"'- +-"('b'b,2'-!,",b(b,)+-b+,b(b%+'"' Hb

(b,+/b,bb"'%b1&b(+b)+-".&Hb

*I@5C
?6
?B979>1<G?B;
13D9F9D95C

!+b+b,/+%b02,b%+'+,b'b)+(+&b(+" "'%_0(+$b-"/"-",Hb!b(',b%",-b!+b
+)+,'-b"+'-b))+(!,b2(.b'b-$b-(b('.-b'b(+" "'%_0(+$b-"/"-2Hb(.b'b
(&"'b,(&b(b-!,b))+(!,b*."-b)+(.-"/%2Hbb

#-#)(H.#0#.#-HO)Hb:8@Pb+*."+b%+'+,b-(b,.&"-b","(',b&b-b+"-"%b
#.'-.+,b"'bb+%b)+(#-Hb

),%G)/'(.H.#0#.#-bO)Hb:8@Pb+*."+b%+'+,b-(b+-bb(.&'-b-!-b0(.%bb
b)+-b(b-.%b0(+$Ib,.!b,b"%%"' b"'bb(+&Ib+-"' bb,%"b)+,'--"('Ib(+b0+"-"' b
b,)""-"('Hbb

)/,(&H.#0#.#-bO)Hb:98Pb)+(/"bb02b(+b%+'+,b-(b(%%-b","(',b"'-(b'b
(' ("' b(.&'-b-!-b-!2b'b+/"0b'b-$b02b-b-!b'b(b-!b_%+'"' Hb
'b,("%b%+'"' Ib(&)+",('b-"/"-",bO)Hb<@8Pb'b +(.)_+"-"*.b-"/"-",bO)Hb<@9Pb
)+(/"b"-"('%b(+" "'%_0(+$b-"/"-",Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
?G
?B979>1<G?B;
13D9F9D95C
G?B;

+" "'%_0(+$b-"/"-",b+bb-0(_,-)b)+(,,Jb"+,-b-!b%+'+b+-,b(+" "'%b0(+$b'b
-!'b-!b-!+b(+b%%(0b%+'+,b+"-"*.b"-Hb

539C9?>
13D9F9D95C

'/"-b%+'+,b-(b&$b","(',b(+b+%b)+(#-,b'b-(b,.&"-b-!"+b","(',b(+b
+"-"*.Hb!b","('b&2b-$b-!b(+&b(bb,&%%b(&)(''-b(b0(+$Hbb

!",b1&)%b,$,b%+'+,b-(b&$b
","(',b('b%2+"' b"'(+&-"('b(+bb
)+(#-Hb +'+,b'b!((,bb,.#-b+(&b
-!"+b(0'b0(+$b(+b,-.",Hb
'b-!-V,b0!-b
&$,b"-b(+" "'%b0(+$Hb
.!bb","('b-"/"-2b",b,"&)%b'b
,"+b-(b/%.-b(+bb-!+b0!(b&2b
'(-b$'(0b%%b-!b)+-".%+,b(b-!b%+'+V,b
"%b(b0(+$Hb
b
b
b
b
."%-b.,"' b
(b+&0/+Hb
b

-?B;4?3E=5>D
13D9F9D95C

.!b0(+$b'b,-.2b+*."+,b)+(."' b(""%b(.&'-,b(+b "/"' b)+,'--"(',Hb'b
(+&b(b(+" "'%_0(+$b-"/"-2b+*."+,b%+'+,b-(b,.&"-bb+%b(.&'-b+(&b-!"+b
0(+$Hbb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

!",b1&)%b+*."+,b
%+'+,b-(b,)"2b(%(+,b(+bb
b,"-b-!2b+b," '"' Hb
!2b+-b-!"+b,)""-"('b
.,"' bb(+&b(0'%(b,b



)+-b(b-!b-"/"-2Hb

%$$))-&
)!+!)!(



b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
"+(,(-b(+Hb

!"'$b(.-b-!b0(+$b-"/"-",b-!b%+'+b'  ,b"'Hb!-b+b-!b)+(.-,b(b-!(,b
-"/"-",Mb
'2b(b-!,b0(+$b)+(.-,b(.%bb-!b,",b(b'b(+" "'%_0(+$b-"/"-2Hb(+b
1&)%Ib(',"+b-!b0(+$b(bb,("%b0(+$+b'b+,.%-"' b(.&'-,Hb
(.,0#1#(!H*)*&H (+"' Ib-+',+")-Ib(+b+)(+-b(b-!b"'-+/"0Hb
),#(!H.H (+&b"%%b"'b-(b+(+b-!b-Hb
)''(#(!H.#)(-H )(+-b0"-!b,.))(+-"' b(.&'-,Hb

(',"+b-!b0"b/+"-2b(b0(+$b)+(.-,b2(.b'b!/b%+'+,b,.&"-Jb

+"-"' ,Hb 
)(+-,Hb 

/+-",&'-,Hb

%',Hb 
," ',Hb 
.,"%b(&)(,"-"(',Hb

+(.+,Hb 
$-!,Hb 
"(b%"),Hb

(%"",Hb 
%"b)+,'--"(',Hb 

'"&-"('b,*.',Hb

)+,!-,Hb 
;b&(%,Hb 

."-"('b-),Hb

!(-( +)!,Hb 
-(+2(+Hb 
.,"',,b%--+Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
?EB>1<
13D9F9D95C

+" "'%b0(+$b",b(' ("' Hb
b#(.+'%b-"/"-2b'b(%%-b-!b)",b(b0(+$b"'bb0(+$(($Ib
-,Ib(+b",.,,"('b(+.&Ib0!+b"-b'bb+/"0b'b.)-Hbb

!",b1&)%b,!(0,bb
#(.+'%b-"/"-2Hb!b
"'"/".%b-"/"-2b%"$b
-!",b",b0+"--'b-(bb
-,Hb'b'-+Ib
-!b%+'+b'b+/",b"-b
2b&$"' b!' ,b'b
%"$"' b-!b*.H
.--('Hbb
%"$"' b-!bH&&b
.--('b+/%,b-!b'-"+b
#(.+'%Hb

+b",b-!b'-"+b#(.+'%Ib
",)%2"' b%%b-!b
%+'+V,b'-+",b,(b+Hb
!b'-+2b!,b'b#.b
.--('b-!b%+'+b'b
%"$b-(b&$b!' ,b-(b
-!b'-+2Hbb

b
b
b
."%-b.,"' b
(b+&0/+b
'b
-"/b+/+b ,b
b

(.+'%b-"/"-",b+b ((b-+bb%+'+b!,b(&)%-bb," '""'-b)"b(b0(+$Hb!b

(.+'%b-!'b('-"',b-!b(&)%-b0(+$Ib%(' b0"-!bb%+b-+"%b(b"-,b+-"('b'b
+"'&'-Hb!b#(.+'%b-"/"-2b",b%"$b-!b","('b-"/"-2b+)-b(/+b'b(/+b "'b
(+b%%b-!b$2b","(',b(b'b'-"+b)+(#-Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b
5CD
@B13D935C
6?B
?B979>1<G?B;
13D9F9D95C

)@5396I
3B9D5B91
6?B
3B9D9AE5C

+(/"b(#-"/b+"-+"b(+b+"-",b-(b.,Hb(.,b-!b+"-"*.b('b-!b0(+$Ib'(-b-!b)+,('b
0!(b+-b"-Hb $b%+b-!-b)+,('%b+"-"",&,b+b'(-b!%).%Hb/b%+'+,b,. ,-b



+"-+"b(+b/%.-"('b(b-!"+b0(+$Hb(.b&2b0'-b-(b (b,(b+b,b-(b)+(/"bb(+&b-(b

%$$))-&
)!+!)!(



,-+.-.+b-!b+"-"*.Hbb

+b",bb(+&b%""-"' bb
+"-"*.b(bb.,"',,b)%'Hb
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+Hb
b

%665B
85<@6E<
3?==5>DC

!b-!+b'b)+(&(-b!%).%b(&&'-,b2b(+"' b,(&b,b'b1&)%Hb b%+'+,b
,&b+%.-'-b-(b+"-""3b-!b0(+$b(b(-!+,Ib-!b-!+b'b,-+-b-!b)+(,,b'b
,-%",!bb)--+'b(b!%).%b(&&'-,Hb0(b$"',b(b!%).%b(&&'-,b"'%.b
*.,-"(',b-!-b+*."+b-!b%+'+,b-(b+-!"'$b-!"+b0(+$b'b,. ,-"(',b(+b
"&)+(/&'-Hb"-!+b"+-%2b+"-""3,b-!b0(+$b(+b-!b%+'+b0!(b,.&"--b"-Hb

+C5
B5F9C9?>
651DEB5C
?6
G?B4
@B?35CC?BC

b-!b0!(%b%,,b.,,b-!b,&b0(+b)+(,,"' b)+( +&Ib2(.b'b!/b%+'+,b)+)+b
b-"%Ib)+",%2b(+&--b(.&'-b"'b-!b0(+b)+(,,(+Hb +'+,b'b.,b-!b
+/","('b-.+,b(b-!b0(+b)+(,,(+b-(b"',+-b-!"+b(&&'-,b"'-(b-!b(2b(b-!b
(.&'-Hb

<1B96I
G81D
<51B>5BC
=ECD
CE2=9D


"/b%+'+,bb(+&b-(b"%%b"'b(+bb-&)%-Hb(+b1&)%Ib"b%+'+,b&.,-b)+)+b
)+,'--"(',Ib "/b-!&bb,%"b"%b0"-!b',,+2b,%",b('-"'"' b)%!(%+,b(+b
-!b$"'b(b"'(+&-"('b2(.b+*."+Hb

&"'b%+'+,b-(b+&(/b)+,('%Ib)+()+"-+2Ib(+b,+-b"'(+&-"('b(+b
,.&"--"' b-!"+b0(+$Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b

*."+b%+'+,b-(b)+(/"b-!b('-1-b "',-b0!"!b-!"+b0(+$b",b-(bb/%.-Ib(+b
1&)%Ib-!b (%,b"-b",b-(b(&)%",!Hb

HD5>4
?B979>1<G?B;
13D9F9D95C

b'b"'+,b-!b+!b'b)(0+b(b(+" "'%_0(+$b-"/"-",b2b(&"'"' b-!&b0"-!b
(-!+b-2),b(b-"/"-",b'b2b)-"' b-!&b(+b,("%b%+'"' b'b(+b&("%b%+'"' Hb

?=29>5
?B979>1<
G?B;
G9D8
?D85B
13D9F9D95C


/b%+'+,b('.-b+,+!bO)Hb9A>Pb,(b-!2b'b)+(+&b(+" "'%b0(+$b.)b-(b
)+(,,"('%b,-'+,Ib,(b-!2b'b(&)+b-!"+b0(+$b-(b-!-b(b1)+-,Ib'b,(b-!2b
$'(0b+"-+"b-(b.,b"'b+"-"*."' b-!b0(+$b(b(-!+,Hb


,," 'b(+" "'%_0(+$b-"/"-",b-!-b+*."+b%+'+,b-(b,,&%b-!"+b(0'b%"++",b(b
++'b&-+"%,bO)HbA@Pb'b+-b-!"+b(0'b#(b",bO)Hb9@?PHb

/b%+'+,b"'- +-b)+,'--"(',bO)Hb>APb(+b+"' ,bO)HbA;Pb"'-(b-!b(+" "'%b0(+$Hb

+)+b%+'+,b(+b(+" "'%b0(+$b2b!/"' b-!&b)+(+&b'b'%( (.,b-,$b"'bb
,"&.%-"('bO)Hb;:;PHb

.))%2bb#(b"b(+b.,b"'b(+" "'%b0(+$Hb

5C97>
?B979>1<G?B;
13D9F9D95C
6?B
C?391<
<51B>9>7

/b,("%b%+'+,Jb

+(.bb,"' %b)"b(b(+" "'%b0(+$b,bb +(.)Hb!b +(.)b0"%%b'b-(b",.,,b-!b
0(+$Ib'%23b-,$,b+*."+Ib,."/"b-!b-,$,Ib0(+$b,)+-%2b('b-!"+b,," 'b
-,$,Ib'b-!'b"'- +-b-!"+b"'"/".%b+,.%-,b"'-(b('b0(+$b)+(.-Hb

(+$b('b"'"/".%b(+" "'%_0(+$b-"/"-",Kb.-Ib)+"("%%2b",.,,b-!"+b0(+$b0"-!b
(-!+,b"'b-!"+b +(.)Ib+"/b/"b+(&b +(.)b&&+,Ib'b(&)+b-!"+b0(+$b-(b
-!-b(b(-!+,b"'b-!b +(.)Hb

%%b('b-!b +(.)b(+b/"Ib+"-"*.Ib'b"',)"+-"('b-!+(. !(.-b-!b0(+$b)+(,,Hb

5C97>
?B979>1<G?B;
13D9F9D95C
6?B
=?29<5
<51B>9>7

/b&("%b%+'+,Jb

+-b+%_0(+%b+-"-,b-!-b+b-!'b/%.-b2b('_,"-b1)+-,Hb

(+b'b(&&.'"-b-!"+b","(',b.,"' b&"b('bb&("%b/"Hb

.&"-bb)!(-(Ib/"(b%")Ib(+b."(b+(+"' b(b+,.%-,Hb

,b-!b&("%b/"b-(b,,b"',-+.-"(',Ib)%',Ib,-'+,Ib#(b",Ib(+b(-!+b
(.&'-,b'b"'b(+" "'%b0(+$Hb

b
 '$!$
-
(!$



%$$))-&
)!+!)!(





b

$
"%)$
K

)E==1BI

(''-b-"/"-",b',.+b-!-b)()%b'b))%2b0!-b-!2b%+'Hb!2b(b'(-b.,.%%2b



-!b$'(0% b'b,$"%%,Ib.-b&$b1",-"' b$'(0% b'b,$"%%,b&(+b.,.%Hb(''-b

%$$))-&
)!+!)!(



-"/"-",b+' b+(&bb,"&)%b,-()_'_-!"'$b*.,-"('b-(bb.%%_,%b0(+$b)+(#-Hb(b
," 'b-"/b(''-b-"/"-",Kb,-+-b0"-!bb%+b"b(b0!-b2(.b0'-b-(b(''-Hbb

)H)((.H."#-H )H."#-H -H."#-H.3*H)((.H

.#0#.3H

'"/".%b)+"'")%,Ib !b%+'+V,b0(+$b(+b ('+b-"/"-",Ib,.!b,b

(')-,Ib'b(-!+b"-,b ,-.",Hb "'-"2"' b1&)%,Hb
(b%+'"' Hb

+"-"%b"-,b(b ),b"'b-!b%+'+V,b .,-"('"' b-"/"-",Hb

"'(+&-"('Hb .++'-b.'+,-'"' Hb

#(+b-!&,b"'b2(.+b !b%+'+V,b%"Hb -(+",b-(%b2b-!b%+'+Hb

_%+'"' Hb

+(.+,b'b)(%"",Hb !b%+'+V,b)+(,,"('%b (b",b'b(+" "'%_

0(+$Hb 0(+$b-"/"-",Hb

"&"-b"'(+&-"('b"'b !b%+ +b(2b(b ,+!b-"/"-",Hb

2(.+b(.+,Hb $'(0% b"'bb"%Hb

.++'-b"'(+&-"('Hb 0b"'(+&-"('b-!-b-!b ,+!b-"/"-",Hb

%+'+b0"%%b'(.'-+Hb
b

&93;
?>>53D
13D9F9D95C
D?
133?=@<9C8
<51B>9>7
?2:53D9F5C

!",b#(b"b-",b-!b,"1b-2),b(b%+'"' b(#-"/,b-(b(&&('b-2),b(b(''-b-"/"-",Hb

%(' b-!b%-b+b-!b&"'b-2),b(b-"/"-",Hb 'b(%.&',b+b-!b,"1b-2),b(b(#-"/,Hb
b
"+%b-b-!b"'-+,-"('b(bb-2)V,b(%.&'b'b'b-"/"-2V,b+(0b&',b-!-b-!b-"/"-2b",b
+(&&'b(+b-!-b-2)b(#-"/Hb
b%$b(-b"'"-,bb,-+(' +b+(&&'-"('Hb

b




%$$))-&
)!+!)!(



'$!$
-
(!$


b
b

)((.HH 3*-H) H)$.#0-H

.#0#.#-H ,.H #H )H ()1H &#0H &H
!-(+"%b*.,-"('b b b b b b b
"--"('b b b b b b
b
)(,H

"-_1&)%b b b b b
b b

/%.-"('b b b b b b b

.&&+2b b b b b b b

.,-"('"' b b b b
b b b
H

b -(+",b2b%+'+,b b b b b
b
b
%(,,+",b b b b b b b
)H#-H

%.%-(+,b b b b b b b

_(',.%-'-b b
b b b b b
-,"H

/' +b!.'-b
b b b
b
b b
GH

."b+,+!b b
b b b
b b

","('b b
b b b b b
,#!#(&H
1),%b

(+$b(.&'-b
b b
b b b b

(.+'%b b
b b b b b
b

?B
=?B5
K

.,b-!b)+"&+2b).+)(,b(b(''-b-"/"-",b",b-(b',.+b-!-b%+'+,b))%2b0!-b
-!2b%+'Ib,+!b-!bb(+b(&"'-"(',b(b-!,b0(+,Jb*)$#Ib)'##Ib!'##Ib
)'#('Ib%'$'"#Ib'b%%!)$#Hb

(''-b-"/"-",b,%(&b0(+$b%('Hbb,.+b-(b(',"+b(b-"/"-",bO!)-+b;Pb'b

,(+b-"/"-",bO!)-+b:Pb,b)+-'+,Hb
("%b%+'"' b-"/"-",b,"%2b,+/b-(b(''-b%+'+,b-(b(_0(+$+,Ib-(b0(+$Ib'b-(b
1)+-,Hbb!)-+b@b(+b",b('b!(0b-(b.,b,("%b%+'"' b(+b(''-b-"/"-",Hb

b

H
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

*5CDC

b

,,,,"' b%+'"' b
b
.-"('%b1)+-,b.'++-b-!&Hb ',-+.-"('%b," '+,b",+ +b-!&Hb(.+,b
.-!(+,b(/+%(($b-!&Hb +'+,b+b-!&Hbb&2b%($b-!&b,b &,b(+b).33%,Hbb
&2b).-b(b0+"-"' b-!&b.'-"%b-!+b",b'(-b-"&b'(. !b-(b(b-!&b0%%Hb!-!+b0b%%b
-!&b)()(Ib(((("#)(I8&*//(Ib'!!(Ib-"#)$#(Ib$"%)#8"$#)$'(Ib(+b"$#()')$#(8$8
"()'.Ib-!2Ib'('-!%,,Ib+&"'b,,'-"%b(+b . "' bb%+'+V,b)+( +,,Hb
'b-!2b
+)+,'-b'b())(+-.'"-2b(+b%/+b," '+,b-(b'  b%+'+,b'b)+(/"b(#-"/b
$Hb

'b&2b'(-_,(_!.&%b()"'"('Ib+-"' b-"/b-,-,b(,b&(+b-(b"&)+(/b-"/',,b
(b_%+'"' b-!'b'2-!"' b(-!+b-!'b"'"' b%+b(#-"/,a0!"!b+-"' b-,-,b%,(b
(,Hb
!-b1-%2b",bb-,-Mb
'2b-"/"-2b-!-b"'"-,b!(0b0%%b%+'+,b&-b%+'"' b
(#-"/,b",bb-,-Hb
'2b-"/"-2b-!-b)+(/",b$b('b)+(+&'b(b'b(#-"/b'b
,+/b,bb-,-Hbb


-/
/%+
(
*)*$

(+b2(.b "'b0+"-"' b-,-b*.,-"(',Ib&$b,.+bb-,-b",b0++'-Hb'%,,b2(.+b
+,(',b(+b-,-"' b+b%+Ib2(.+b-,-,b0"%%b"%Hb

H
H




()(



'$!$
-
(!$


b
-85>
1B5
6?B=1<
D5CDC
>55454

,-,b+b"".%-b-(b+-b'b&"'",-+Hb-'b"'(+&%b)+-"b-"/"-",b&2bb
,.""'-b-(b-!bb,.#-Hb 'b()(8)8$' Ib"'b,- +b%",-,b-!+b('"-"(',b(+b
.,"' b(+&%b-,-,b0"-!b+(+b,(+,Jb

+'+,b+*."+b,)""b,$"%%,Ib$'(0% Ib'b--"-.,Hb

(.b(b'(-b$'(0b0!-!+b%+'+,b)(,,,,b-!(,b,$"%%,Ib$'(0% Ib(+b--"-.,Hb


b-,-b",b-!b,-b02b-(b)+(/"b-!-b,,,,&'-Hb
-!+0",Ib.,b,(&b(-!+b$"'b(b-"/"-2Ib,.!b,b'b.',(+b)+-"b-"/"-2b(+bb
,.+/2Hb

-8I
1B5
I?E
D5CD9>7

(+b""' b-(b-,-Ib%",-b2(.+b (%,Hb+b+b,(&b+,(',b(+b-,-"' Hb(&b+b ((Ib
'b,(&b+b'(-Hb
b

H))H,-)(-b  HH,-)(-b
 -b%+'+,b . b)+( +,,b-(0+b b  .%"%%b-!b,-+(-2)b-!-b%%b



-!"+b (%,Hb _%+'"' b(.+,,b!/b-,-,b'b
 &)!,"3b0!-b",b"&)(+-'-b'b %%b-,-,b+b.')%,'-Hb

 "'(+b-!b-!+V,b)(0+b(/+b
-!+2b&(-"/-b%+'+,b-(b(.,b

('b"-Hb %+'+,Hb2b--'-"('b(+b%,Hb
 -b%+'+,b))%2b0!-b-!2b!/b  (+-.+b%+'+,Hb+"'"' b",b



'b%+'"' a'b-!+2b%+'b"-b ,.))(,b-(bb)"'.%Hb,-,b'b
&(+b)%2Hb ',.+b-!-b"-b",Hb
 ('"-(+b,.,,b(b)+-,b(b-!b 
+-"""%%2b(%,-+b%+'+,Vb,%_



_%+'"' b,(b-!-b-!b-!+b'b ,-&b2b "/"' b-!&b,2b-,-,b
," '+,b'b"&)+(/b"-Hb 0"-!b .,!"' %2b)(,"-"/b$Hb
 +-"2b-!-b%+'+,b!/b&,-+b  ,bb-,-"' b-((%b2(.b)"bb%(-b(b



+-"'b$'(0% b(+b,$"%%,b,b)+-b &('2b(+Hb
(bb% %b(+b%"',"' b+*."+&'-Hb  (.b'V-b-!"'$b(b'2b(-!+b02b-(b
 " '(,b%+'+,Vb,$"%%,b'b


b"'-+-"/"-2Hb


$'(0% b,(b-!2b'b,$")b b
.'',,+2b%+'"' Hb
b

b
 '$!$
-
(!$



()(





b
(',"+b-,-"' b+.%%2Hb('-+"-"(',b%.+$b0"-!"'b-!,b%",-,Hb!-b%+'+,b0'-b-(b
%+'b&2b'(-b,*.+b0"-!b0!-b-!+,b0'-b-(b-!Hb '(0% b+*."+b(+b
+-""-"('b&2b'(-bb,.""'-b-(b-.%%2b(bb#(Hb
b,(+-"' b-!+(. !b-!",b%(' b%",-b",b-((b(&)%1Ib%-b&b,"&)%"2b"-Hb!b+,(',b(+b-,-"' b
.,.%%2b("%b(0'b-(bb!("b-0'b-!"' b'b&,.+"' b)+(+&'Hb
,$b



2(.+,%IbW
&b b&(+b"'-+,-b"'b.,"' b-,-,b-(b'!'b%+'"' b(+b-(b.+-%2b

()(

&,.+b%+'+,Vb"%"-",MXb
%-!(. !b-!,b-0(b (%,b+b'(-b())(,"-,Ib!"/"' b!b
+*."+,b(&)+(&",,b"'b-!b(-!+Hb

!+b",b%,(bb/%.%b,"b-b(b+-"' b-,-,Hb
b-,-b*.,-"('b",bb('+-Ib,)""b
,--&'-b(b0!-b-!b%+'+b&.,-b(b-(b&-b-!b%+'"' b(#-"/Hb+-"' b-,-b
*.,-"(',b)+",%2b"',b'b%+"",b%+'"' b(#-"/,Hbb

-81D
4?
I?E
8?@5
D?
133?=@<9C8

(',"+b2(.+b).+)(,b(+b-,-"' b0!'b2(.b"b!(0b-(b-,-Ib0!-!+b-(b+(+b,(+,Ib
'b0!-b$b-(b "/b%+'+,Hb

/,*)-H ),H )1H.)H.-.H ),H %H

.-.#(!H -),-?H

,.+b-!b
-b-!b'b(b!b-()"Ib ,Hb .&+"Ib-b'b(b-,-Hb

)+( +,,b(b %,,('Ib'b(.+,Hb
%+'+,Hb
%)b%+'+,b +*.'-b,!(+-b-,-,Hb (Hb ,+")-"/b'b'.&+"Hb
&,.+b-!"+b
(0'b)+( +,,Hb
+-"2b%+'+,Vb +(-(+Ib% %%2b ,Hb ,,_"%b(+b(/+%%b,(+Hb
$'(0% Hb ',"%b-,-,Hb 2b%,(b)+(/"b,(+,b(+b
,._(&)(''-,b,(b
%+'+,b'b,-.2b'b-+2b
 "'Hb
+-"2b%+'+,Vb ,+/b ,Hb ,,_"%b(+b(/+%%b,(+Hb
,$"%%,Hb (&)%",!&'-b(b 2b%,(b)+(/"b,(+,b(+b
)+,+"b-,$,Hb ,._(&)(''-,b,(b
%+'+,b'b,-.2b'b-+2b
 "'Hb
(-"/-b '(+&%b)+_-,-,Hb (Hb (&&'b+,b(b
%+'"' Hb ,-.2Hb

b




()(



'$!$
-
(!$


b

/,*)-H ),H )1H.)H.-.H ),H %H

.-.#(!H -),-?H

1+",b W)'_(($Xb-,-b (Hb (&&'b,+!b

"')''-_ 0!+b%+'+,b'b"'b -+ -,b'b,-+- ",Hb
%+'"' b,$"%%,b ',0+,b"'b/"%%b
+,(.+,Hb
!b'0b '(+&%Ib+*.'-Ib (Hb +,'--"('b(b#.,-b-!b
$'(0% b'b (+b)+,'--"('b(b ('-'-b-!-b-,-"' b
,$"%%,Hb ('-'-Hb "'"-,b-!b%+'+b',Hb
" '(,b (&)+!',"/b-,-Hb ,Hb (&)%-b)+("%b(b0!-b
%+'+,Vb,$"%%,b %+'+,b%+2b$'(0b'b
'b$'(0% Hb 'b-(b%+'Hb
,.+b-!b (&)+",('b(b-,-b ,Hb __b
-"/',,b(b ,(+,b-0'b
%+'"' b "+'-b&(.%,b'b
&(.%,Hb -0'b&(.%,b
(+b'b-+b
+/","(',b(b)+_b'b
)(,-_-,-,Hb
b

-81D
4?
I?E
G1>D
D?
=51CEB5

(b," 'bb-,-Ib2(.b&.,-b$'(0b1-%2b0!-b2(.b0'-b-(b&,.+Hb!",b",b'(-bb)+(%&b
"b2(.b(%%(0b-!b)+(.+b"'b!)-+b9Ib.,b2(.b%+2b$'(0b-!b,)""b
%+'"' b(#-"/,b(+b2(.+b(.+,Ib%,,(',Ib'b-()",Hb/"0b-!b%+'"' b(#-"/b(+b
-!b.'"-b(b('-'-b(/+b2b-!b-,-Hb!)-+b>b('b-()",b('-"',b,(&b/"b('b-,-,b
))+()+"-b(+b,)""b-2),b(b%+'"' b(#-"/,bO)Hb:AAPHb
-!b(.-b(+b-!bW,_,!(0'_(/b,2'+(&bO)Hb;9<PHXb +'+,b(b'(-b%02,b,-+-b-b
-!b "''"' b(b-!b_%+'"' b'b)+(b,-+" !-b-!+(. !b-(b-!b'Hb +'+,b&2b
#.&)b"'-(b-!b&"%b(bb-()"b"'b-!b&"%b(bb%,,('b"'b-!b&"%b(b-!b_%+'"' Hb
'2b(',"+b-!",b-!"+b+" !-Hb!2b0"%%b(',"+b2(.b.'"+b"b2(.b-,-b-!&b('b&-+"%b
'(-b(.'b"'b-!b,-"('b,.))(,%2b(/+b2b-!b-,-a(+b"'bb%+%2b"'-""b
)++*.","-b,-"('Hb
'b2(.b!/b"b0!2b2(.b+b-,-"' b'b0!-b2(.b!()b-(b&,.+Ib2(.b'b
&$b--"%b","(',b('b0!-b$"'b(b-,-b-(b.,Hb -V,b%(($b%(,+b-b-!b","(',b2(.b
&.,-b&$Hb

b
 '$!$
-
(!$



()(





b

#)+(
%#&")#$*
%
% *,)

(b," 'bb-,-Ib0b&.,-b"b!(0b-(b-,-b(+bb,)""b%+'"' b(#-"/Hbb,-+-b0"-!b
-!b%+'"' b(#-"/Hb 'b-!",b1&)%b-!b(#-"/b0,Jb)H#(.,*,.H*((3H
',%,-H#(HH(..H",.;bb


()(

$.#0=H )H#(.,*,.H*((3H',%,-H#(HH(..H",.;H

#-,#'#(.#(!H.-%H '-"2b)''2b+%-"(',!"),b&(' b-!b-,$,b(bb

O!-b'b-!(,b0!(b )+(#-b,!(0'b"'bb'--b!+-b'b"'-+)+-b
&-b-!b(#-"/b(b-!-b )''2b&+$+,b-(b-+&"'b0!"!b-,$,b-b(+b
-!(,b0!(b(b'(-b&-b )'b('b'(-!+b-,$Hb
-!b(#-"/b''(-b(MPb

-.H.#0#.3H
O(0b%+'+,b)+(/b-!2b
&-b-!b(#-"/HPb
-)/,-H
O "b'b-!'(%( 2HPb
b
1&"'bb+%_0(+%b'--b!+-b'b',0+b"/b)"$_
('b*.,-"(',Ib,.!b,b0!-b-,$b)',b('bb
)+-".%+b-,$b(+b0!-b-,$,b&.,-bb(&)%-b(+b
b-,$b'b "'Hb
 +)!"b,!(0"' bb+%b'--b!+-Hb


 "$_('b-,-Hb

!b"+,-b,-)b",b-(b)"$b0!-b",b%%bbW",+"&"'-"' b-,$HXb(b(b,(Ib0b,$IbW!-b'b
-!(,b0!(b&-b-!b(#-"/b(b-!-b-!(,b0!(b(b'(-b&-b-!b(#-"/b''(-b(MXb 'b
(.+b,Ib-!b",+"&"'-"' b-,$b0,Jbb

(.# 3H*((3H,&.#)(-"#*-H')(!H."H.-%-H) HH*,)$.H-")1(H#(HH

(..H",.H(H#(.,*,.H*((3H',%,-H.)H.,'#(H1"#"H.-%-H .H
),H*(H)(H().",H.-%;b
!b'1-b,-)b",b-(b-+',%-b-!",b",+"&"'-"' b-,$b"'-(bb-,-b-"/"-2Hb!b-,-b-"/"-2b",b
!(0b%+'+,b)+(/b-!-b-!2b&-b-!b(#-"/Hb!b-,-b-"/"-2b,)"",b!(0b"'b
_%+'"' b0b+b ("' b-(b,"&.%-b-!b+%_0(+%b",+"&"'-"' b-,$Hb(+b(.+b,Ib-!b
-,-b-"/"-2b0,Jb
2'#(HH,&G1),&H(..H",.H(H(-1,H #0H*#%G)(H+/-.#)(-<H-/"H-H
1".H.-%H*(-H)(HH*,.#/&,H.-%H),H1".H.-%-H'/-.HH)'*&.H ),H
H.-%H(H!#(;HHHb

"'%%2Ib0b%",-b-!b+,(.+,b0b0"%%b'b-(b+-b-!b-,-b-"/"-2Hb!,b+*."+&'-,b
+b-!b&"b0b&.,-b+-b'b-!b-!'(%( 2b0b&.,-b)%(2Hb 'b-!",b,b-!b%",-b0,b
,!(+-b'b,"&)%Hbb'bb +)!"b,!(0"' bb+%b'--b!+-b'bb-,-"' b-((%b-(b
+-bb)"$_('b-,-Hb

b
 



()(



'$!$
-
(!$


b
2b""' b!(0b-(b-,-Ib0b1-'b'b%+"2b-!b%+'"' b(#-"/Hb.+b,)""b-,-b
-"/"-2b'(0b,+/,b,b(.+b,-'+b(b)+(+&'b-(b/%.-b-!b%+'"' b(#-"/Hbb

)"*
*
(*
*/&
%
M'+)*%$N


'2b-"/"-2b-!-b'bb,(+b2bb(&).-+b(+b!.&'b'bbb-,-b*.,-"('Hb(+b-!-b
+,('Ib-!+b+b'b.'%"&"-b'.&+b(b-,-b*.,-"(',b)(,,"%Hb 'b-!",b,-"('Ib0b
+,-+"-b(.+,%/,b-(b-!b-2),b-!-b+b,)"%%2b(&&('b"'b_%+'"' Hb

!+(. !(.-b-!",b!)-+Ib b.,b-!b-+&b)()b&*()$#b+-!+b-!'b)()8)"3b/'b-!(. !b

,(&b-,-b"-&,b+b'(-b%"-+%%2b*.,-"(',Hb((b-,-b"-&,b-b%,-b"&)%2bb*.,-"('Hb

'202Ib"-b!%),b-(b-!"'$b(b-,-b"-&,b,b*.,-"(',b).-b-(b-!b%+'+Hb

?>C945B
D85
DI@5
AE5CD9?>
I?E
>554

(+b2(.b"b-(b.,bb&.%-")%_!("b(+b&-!"' _%",-b*.,-"('Ib-$bb&(&'-b-(b
(',"+b0!-b$"'b(b"'(+&-"('b2(.b+b-+2"' b-(b -!+b'b0!-b2(.b+b0"%%"' b-(b(b
"'b(++b-(b -b-!",b"'(+&-"('Hb

)E2:53D9F5
?B
?2:53D9F5

.,-"(',b'bb,.#-"/b(+b(#-"/Hb*)+b-,-b*.,-"(',b+*."+b!.&'b#. &'-b
-(b/%.-Hb!2b+b,(&-"&,b%%b$%#7'(%$#(b*.,-"(',b.,b-!b1-b(+&b(b
-!b+,)(',b",b.)b-(b-!b%+'+Hb
b(&)(,"-"('b*.,-"('b",b'b1&)%b(bb,.#-"/b-,-b
*.,-"('Hb.#-"/b*.,-"(',b+b ((b(+b,.#-,b0"-!(.-b%+b- (+",b'b(',b-!-b
+*."+b"',,b'b#. &'-Hb.#-"/b*.,-"(',b.,.%%2b+*."+bb!.&'b"' b-(b
/%.-b-!b',0+b'b)+(/"b$Hbb
)+b*.,-"(',b+b(',b0"-!b%+b,-'+,b(+b(++-',,Hb!2b+b,(&-"&,b
%%b!$(7'(%$#(b*.,-"(',b.,b-!b%+'+b&.,-b,%-b'b',0+b+(&b!(",b
)+(/"b2b-!b," '+Hb(+b"',-'Ib&.%-")%_!("b*.,-"(',b+b(#-"/Hb#-"/b
*.,-"(',b+b ((b(+b&-.+b,.#-,b0"-!b,-%",!b- (+",b'b0%%_)-b
)+-",b'b)+"'")%,Hb#-"/b*.,-"(',b'b+*."+b,.-%b'b,()!",-"-b
#. &'-Ib.-b-!2b0(+$b,-b(+b*.,-"(',b0"-!b+" !-_0+(' b',0+,Hb
b(&).-+b,"%2b
,(+,b(#-"/b*.,-"(',Hb

)3?B54
2I
3?=@ED5B
?B
8E=1>

(&b-2),b(b-,-b*.,-"(',b+b,"%2b,(+b2b-!b(&).-+Hb(+b1&)%Ib&.%-")%_
!("Ib,*.'Ib'b&-!"' b"-&b*.,-"(',b'bb(&)%-%2b,(+b2b-!b
(&).-+a,b'b,"&)%b"%%_"'_-!_%'$b*.,-"(',Hb(&).-+_,(+b*.,-"(',b&$b.)b
"'b"&&"2b(b$b0!-b-!2b&2b%$b"'b,.-%-2b(b/%.-"('Hb

b
 '$!$
-
(!$



()(





b
(+b(&)%1b*.,-"(',Ib,.!b,b-1-_'-+2b*.,-"(',b-!-b-$b&(+b-!'bb0(+b(+b-0(Ib
&2b+*."+b!.&'b/%.-"('Hb.&'b/%.-"('b'b--+b!'%b*.,-"(',b,$"' b(+b
,.-%b#. &'-,Ib(&)%1b+,('"' Ib'b1)+,,"(',b(b--"-.Hb!2b(Ib!(0/+Ib
+*."+bb!.&'b/%.-(+b0"-!b-!b-"&Ib,$"%%,Ib'b,',"-"/"-2b-(b/%.-b',0+,Hb
$b(&,b('%2b-+bb%2b(+b,(+"' Hb 

()(

?==?>
DI@5C
?6
D5CD
AE5CD9?>C

(.b'b.,bb/+"-2b(b-,-b*.,-"(',Hb!",b,-"('b"'-+(.,b-!b&(,-b)().%+b-2),Hb -b
",b0" !-b!/"%2b-(0+b,"&)%b(',b-!-b'bb+-b2bb/+"-2b(b,"&)%b-((%,b
'b-!-b'bb,(+b2b-!b(&).-+Hbb
b

3*H+/-.#)(H 2'*&H -H.)H'-/,H."H&,(,B-H#&#.3H

.)=H

+.^%,b $b- (+"%Ib"-!+_(+b#. &'-,Hb

O)Hb:::Pb b
"$_('b ( '"3b-!b('b(++-b',0+b"'bb
O)Hb::=Pb %",-Hb(b"'-"2bb&&+b(bb
- (+2b(+b,," 'b'b"-&b-(bb
b
- (+2Hb

"$_&.%-")%b ( '"3b&.%-")%b(++-b',0+,b"'b

O)Hb::@Pb b%",-Hb(b+( '"3b!+-+",-",b-!-b
))%2b-(b'b(#-b(+b(')-Hbb
b
"%%_"'_-!_ %%b'&,Ib'.&+,Ib'b(-!+b
%'$,bO)Hb:;9Pb ,)""b-,Hb
b
-!"' _%",-b '-"2"' b,,("-"(',b-0'b"-&,b
O)Hb:;<Pb "'b-0(b%",-,Ib,b-0'b/'-,b'b
-!"+b.,,b(+b-+&,b'b-!"+b
"'"-"(',Hb
b
*.'b '-"2b-!b(++b(b"-&,b"'bb
O)Hb:;=Pb ,*.'Ib,.!b,b!+('(%( "%b(++b
(+bb+'$"' b,!&Hb

b




()(



'$!$
-
(!$


b

3*H+/-.#)(H 2'*&H -H.)H'-/,H."H&,(,B-H#&#.3H

.)=H

(&)(,"-"('b +-b'b(+" "'%b1)%'-"('Ib,-(+2Ib

O)Hb:;?Pb ,$-!Ib(+b(-!+b)"b(b0(+$Hb

b
+(+&'b +(+&bb,-)b(bb)+(.+Ib
O)Hb:<8Pb -2)"%%2b"'bb,"&.%-"('Hb

b
b

*BE5 61<C5
AE5CD9?>C

+.^%,b*.,-"(',b+*."+b%+'+,b-(b"b-0'b-0(b%-+'-"/,Ib-2)"%%2b,2"' b
0!-!+bb,--&'-b",b-+.b(+b%,Hb

+b+b1&)%,b(b
-+.^%,b*.,-"(',b+(&b
b(.+,b('b"'(+&-"('b
+!"--.+Hb

-85>
D?
EC5
DBE5 61<C5
AE5CD9?>C

,b-+.^%,b*.,-"(',b-(b-,-b%+'+,Vb"%"-",b-(b&$b"'"-b#. &'-,Hb+.^%,b
*.,-"(',b+*."+b%+'+,b-(b&$bb"'+2b","('Jb

,bb,--&'-b+" !-b(+b0+(' Mb

"%%bb)+(.+b0(+$b(+b'(-Mb

,bb)+(.+b,b(+b.',Mb

(,b'b1&)%b(&)%2b0"-!b,-'+,Mb

b
 '$!$
-
(!$



()(





b


!(.%b2(.b))+(/b(+b+#-bb)+()(,%Mb

!"!b(b-0(b%-+'-"/,b,!(.%b b)"$Mb
(+b.,"' bb-+.^%,b*.,-"('Ib(',"+b(-!+b-2),b(b*.,-"(',b,b0%%Hb+.^%,b 


*.,-"(',b+b+,-+"-b-(b,"&)%b,,b'b&2b'(.+ b .,,"' Hb(0/+Ibb0%%_

()(

," 'b-+.^%,b*.,-"('b-!-b+*."+,b-!b,&b-!(. !-b)+(,,,b,b-!b+%_0(+%b
-"/"-2b",b&(+b.+-b'b/%.%b-!'bb-!+_"&',"('%Ib"&&+,"/b,"&.%-"('b
-!-b"'/($,b('%2b-!b","('_&$"' b,$"%%,b(bb-0"-!_'_,)%-b/"( &Hb
'b
-+.^%,b*.,-"(',b+b,"&)%b'(. !b-!-b%+'+,b'b',0+b-!&b*."$%2Hb

.,-"(',b'b'(-b!/b2,^'(b(+b-+.^%,b',0+,Hb
'2b&.-.%%2b1%.,"/b
%-+'-"/,b0"%%b(Hb!+,b-!b',0+b,bb"'+2b!("b"b-!-b",b&(+b'-.+%Hb

b
-!b(.-b(+b,,b"'b0!"!b-!b!(",b+b'(-b&.-.%%2b1%.,"/b(+b-!+b+%%2b+b
&(+b-!'b-0(b!(",b)(,,"%Hb+b",b,.!bb,Jb

b
!b-&(,)!+b(b+-!b('-"',b&(+b ,,b-!'b-!b-0(b%",-b!+Hb
%-!(. !b-!b
)+'- b(b'"-+( 'b",b&(+b-!'b-!-b(b(-!+b ,,Ib-!b-&(,)!+b(,b('-"'b-+b
&(.'-,b(b+('b"(1"Hb

).Jb b2(.+b-,-"' b-((%b(,b'(-b)+(/"b'b1)%""-b-+.^%,b-,-b(+b"b"-b(,b'(-b%-b

2(.b!' b-!b%%,b(+b',0+,Ib.,bb)"$_('b*.,-"('b0"-!b#.,-b-0(b',0+,Hb+b.,b
b)"$_&.%-")%b*.,-"('b-!-b+*."+,bb,+",b(b+%-b-+.^%,b#. &'-,b2b,$"' Ib
W!"!b(b-!b(%%(0"' b,--&'-,b+b-+.MXb'b-!'b&$"' b!b,--&'-bb!("Hb

(5AE9B5
D8?E78D

(b&$b-+.^%,b-,-,b-"/Ib," 'b-!&b,(b-!2b+*."+b-!(. !-b+-!+b-!'b
.,,"' Hb


,$b&(+b-!'b('b-+.^%,b*.,-"('b('bb,.#-Hb!b(,b(b --"' b-!&b%%b+" !-b
2b .,,"' b"&"'",!b0"-!b!b"-"('%b*.,-"('Hb

(+b!b,.#-Ib)!+,b-+.^%,b*.,-"(',b"'b"+'-b02,b,(b-!-b,(&-"&,b-!b
+" !-b',0+b",b%,b'b(-!+b-"&,b"-b",b-+.Hbb


'%23b2(.+b-+.^%,b*.,-"(',b-(b',.+b(.-b-!b,&b'.&+b+b-+.b,b%,Hb

!+,b-!b*.,-"('b"'b'.-+%b-+&,b,(b2(.b(b'(-b"&)%2b'b',0+Hbb

b




()(



'$!$
-
(!$


b
&8B1C5
D85
AE5CD9?>
D?
69D
D85
1>CG5BC

$b-!b*.,-"('b,"&)%b'b,-+" !-(+0+Hb(b'(-b,$b0!-b-!b%+'+b)# (b(+b
!+(b.'%,,b-!-b",b0!-b2(.b+b-,-"' Hb
b

 H)b
H-b

b

-'bb,--&'-b(%%(0b2b-+.^%,b+"(b.--(',b)+(/",b,.""'-b"',-+.-"(',Hb

b
'b-+.^%,b*.,-"(',Ib)!+,b-!b*.,-"('b'b',0+,b,(b-!-b-!b',0+,b&-!b-!b
(+&b(b-!b*.,-"('Hb(b'(-b,$bb2,^'(b*.,-"('b'b-!'b%%b-!b',0+,b-+.^%,Hb
b

 H)b
H-b

b b

b
b b

9C3?EB175
7E5CC9>7

'2b%+'+,b .,,b('bb-+.^%,b*.,-"('Ib" .+"' b-!2b!/bb=8_=8b!'b(b"' b
+" !-Hb'%,,b2(.b+b-!"' bb(.+,b"'b)+("%"-2b(+b &%"' Ib2(.b,!(.%b",(.+ b
,.!b!/"(+Hb(.b'b",(.+ b .,,"' b"'b,/+%b02,Jb

(&#4H!/--#(!Hb 'b,(+"' b-+.^%,b*.,-"(',Ib "/b9b)("'-b(+b+" !-b',0+,Ib8b
)("'-,b(+b.'',0+b*.,-"(',Ib'b`9b)("'-b(+b0+(' b',0+,Hb!.,b .,,"' b",b'(b
--+b(+b0(+,b-!'b'(-b',0+"' Hb

+/#,H"#!",H-),-Hb--",-",b-(b-!b+,.Nb!b(,b(b --"' b=b(b98b-+.^%,b
*.,-"(',b+" !-b2b .,,"' b+b=8BHb.-b-!b(,b(b --"' b@8Bb(++-b+b('%2b(.-b
=BHbb


-%H'),H+/-.#)(-Hb '+,b-!b'.&+b(b-+.^%,b*.,-"(',b-(b:8b'b-!b(,b(b
--"' b@8Bb+" !-b2b .,,"' b+()b-(b%,,b-!'b9BHb

b
 '$!$
-
(!$



()(





b
?>C945B
1<D5B>1D9F5
6?B=C
6?B
DBE5 61<C5
AE5CD9?>C

(,-b-+.^%,b*.,-"(',b+b(+&--b,bb)"+b(b+"(b.--(',Ib.-b'2b(+&b-!-b
%+%2b"&)%",bb!("b-0'b())(,"-,b(+b-0'b#.,-b-0(b%-+'-"/,b0"%%b(Hbb

B1@8931<
1<D5B>1D9F5C



+b+b,(&b +)!"%b%-+'-"/,b-!-b!/b'b.,Ib0"-!b))+()+"-b%%,Ib"'b

()(

-+.^%,b*.,-"(',Jb

bb b b b b b

&93;=E<D9@<5
D5CD

b,+",b(b+%-b-+.^%,b
*.,-"(',b'bb('/+-b-(bb
,"' %b)"$_&.%-")%b*.,-"('Ib,.!b
,b"'b-!",b1&)%Hb

&93;?>5
AE5CD9?>C

.%-")%_!("b*.,-"(',b",)%2bb%",-b(b',0+,b(+b%+'+,b-(b!((,b+(&Hb!+b+b
-0(b&"'b-2),b(b&.%-")%_!("b*.,-"(',Jb% 7$#b'b% 7"*!)%!Hb"$_('b*.,-"(',b
,$b-!b%+'+b-(b)"$b#.,-b('b',0+b+(&b-!b%",-Hb'%2b('b',0+b",b(++-Hb

'b-!",b1&)%b+(&bb(.+,b('b
0"%+',,b&' &'-Ib%+'+,b+b
)+,'-bb,'+"(b'b,$b-!b
(++-b-"('b-(b-$b"'b(++b-(b
+&2b-!b)+(%&b0!"%b(&)%2"' b
0"-!b,)""b+ .%-"(',Hb

b
b
b
b
+-b"'b "+(,(-b(0+("'-Hb,-bb.,"' b

(b+,'-+Hb()"b('/+-b(+bb%"/+2b
.,"' b
(b+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




()(



'$!$
-
(!$


b
-85>
D?
EC5
@93;?>5
AE5CD9?>C

,b-!b)"$_('b(+&-b(+b*.,-"(',b-!-b!/b('b+" !-b',0+Hb!2b0(+$b0%%b(+b
-"/"-",b-!-b+*."+b)()%b-(b,," 'b"-&,b-(b0%%_"'b- (+",Ib(+b"',-'Jb

.#(!H&)(!HH-&Hb'$"' b%('b))%"-"(',b2b +b(b+",$Hb

)!(#4#(!HH'',H) HH-*# #H.!),3Hb"$"' b-!b)%'-b-!-b",bb&&+b(bb
)+-".%+b,)",Hb

)!(#4#(!H."H'#(H/-H) HH*,)&'Hb" '(,"' b-!b&(,-b(&&('b.,b(bb
%-b-"+Hb

#%#(!H-/*,&.#0-=H"$"' b-!b,-Ib0(+,-Ib +-,-Ib%,-Ib!" !,-Ib(+b%(0,-b&&+b
(bb +(.)Hb

&.#(!H."H-.H)/,-H) H.#)(;b +'+,b&.,-b0" !b-+(,b-(b!((,b&(' b
)%.,"%b-"(',Hb

?>C945B
1<D5B>1D9F5
6?B=C
6?B
@93;?>5
AE5CD9?>C

+"-"('%%2Ib)"$_('b*.,-"(',b)+,'-b-!"+b',0+,b,b+"(b.--(',b'b)"$_&.%-")%b
*.,-"(',b,b!$(1,Hb/'b"b2(.b'b/+"-2Ib(b'(-b+/+,b-!,b(+&,Hb!-b0(.%b
('.,b%+'+,Hb ',-Ib(',"+b'b%-+'-"/b(+&Hb

)5<53D9?>
<9CDC
6?B
=E<D9@<5
@93;?>5
AE5CD9?>C

b2(.b0'-b-(b,$b,/+%b)"$_('b*.,-"(',b(.-bb,.#-b(+b"b,)b",b-" !-b('b-!b
) Ib(',"+b.,"' bb,+",b(b,%-"('b%",-,Hbb

'b-!",b1&)%Ib-!b
,%-"('_%",-b(+&-b0(+$,b
,)"%%2b0%%b,"'b%%b-!b
*.,-"(',b!/b-!b,&b
,-b(b)(,,"%b',0+,Hbb
b
b
H
b
b
b
b
b
."%-b.,"' b b'b.,-(&b
/+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b
-b(,Ib!(0/+Ib&'b-!-b%+'+,b&.,-b$'(0b!(0b-(b&$bb!("b"'bb,%-"('b%",-Hb
(,-b)()%b" .+b(.-b!$(1,b'b+"(b.--(',b('b-!"+b(0'Hb)+-"' bb,%-"('b
%",-b,!(.%bbb)+(%&b('%2b(+b-!b'(/",b-b"%%"' b"'bb(+&,Hb

b
 '$!$
-
(!$



()(





b
<93;9>@93DEB5
AE5CD9?>C
6?B
F9CE1<
38?935C

b2(.b0'-b-(b%-b%+'+,b,%-b&(' b/",.%b%-+'-"/,Ib2(.b'b)+,'-b-!b!(",b,b
)"-.+,b'b!/b%+'+,b"'"-b-!"+b!(",b2b)("'-"' b'b%"$"' Hb.,b,.!b
*.,-"(',b+b.,b)+"&+"%2b(+b/",.%b,.#-,Ib-!2b+b-+-b,bb,)+-b-2)b(b
*.,-"('b%%bbW%"$_"'_)"-.+Xb*.,-"('Hb 

()(

%"$_"'_)"-.+b*.,-"(',b,$b-!b%+'+b-(b,%-b'b(#-b(+b+b"'bb)"-.+b2b
)("'-"' b-(b"-b0"-!b-!b&(.,b'b%"$"' b-!b&(.,b.--('Hb!2b+bb/",.%b*."/%'-b
(b-!b)"$_('b*.,-"('Hb

+Ib%+'+,b+b,$b-(b
"'-"2bb%,,b(b!&"%b
%&'-,b2b%"$"' b'b+b
"'b-!b)+"("b-%Hb

b
b
b
b
b
b
."%-b.,"' b b'b.,-(&b
/+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

,b%"$_"'_)"-.+b-,-,b-(b&,.+b/",.%b+( '"-"('b(b(#-,b(+b+,Hb,b-!&b-(b,$b
*.,-"(',b,.!b,b-!,Jb
$/(;
)<;;65
>6<3+
@6<
79,::
;6
;90..,9
(5
,4,9.,5*@
:/<;+6>5

$/6
05
;/0:
70*;<9,
0:
56;
>,(905.
9,8<09,+
:(-,;@
.,(9

$/(;
*6<5;9@
0:
/64,
;6
6<9
*647(5@C:
3(9.,:;
-(*;69@

30*2
65
;/,
-3(.
6-
;/,
796=05*,
>/,9,
(5+(905
/05,:,
0:
;/,
6--0*0(3
3(5.<(.,

,b%"$_"'_)"-.+b*.,-"(',b"',-b(b-1-b)"$_('b*.,-"(',b0!'b"-b",b&(+b
"&)(+-'-b-!-b%+'+,b$'(0b0!+b,(&-!"' b",b(+b0!-b"-b%(($,b%"$b-!'b0!-b"-b",b
%%Hb
(+b%"$_"'_)"-.+b*.,-"(',Ib.,b%+b"& ,b'b0+"-b%+b"',-+.-"(',Hb

2*&#(H1".H&,(,-H,H.)H-&.Hb
'b+Mb
'b(#-Mb
b)("'-b('bb,%Mb

%H.,!.-H0#-/&&3H#-.#(.Hb $b-!&b/",.%%2b,)+-b(#-,b(+b+,b0"-!b
",-"'-b(++,Hb

%H.,!.-H&,!H()/!"b,(b-!-b%+'+,b0"-!b('%2b/+ b2_!'b((+"'-"('b
'b*."$%2b,%-b-!&Hb!b1-b,"3b)',b('b-!b/"b'b-!b&-!(b(b
,%-"('Hb
b:8_2_:8_)"1%b-+ -b&2bb"'b0!'b,%-"' b0"-!bb&(.,b('bb

b




()(



'$!$
-
(!$


b
,$-()b(&).-+b0"-!bb%(0_(,-b&('"-(+Hb.-Ib,.!bb-+ -b",b02b-((b,&%%b0!'b
/"0b('b'b.%-+_!" !_+,(%.-"('b,+'b(bb,&+-b)!('b0!+b-!b%+'+b,%-,b
2b-))"' b-!"' ,b0"-!bb,-.2b"' +Hb(%%(0b-!b.,+_"'-+b ."%"',b(+b-!b
/"b%+'+,b0"%%b.,b-(b-$b-,-,Hb

")1H."H-(H."H13H#.H1)/&H**,H#(H."H,&H1),&Ib"b,"&.%-"' b+%_0(+%b
-"/"-",Ib,.!b,b).,!"' b.--(',b('bb('-+(%b)'%Hb

)5<53D
1<?>7
1
C31<5
6?B
F1<E5
:E47=5>DC

(b,$b%+'+,b-(b1)+,,bb+%-"/b/%.Ib2(.b'b+*.,-b-!-b%+'+,b,%-b%(' bb
0%%_.'+,-((b,%Hb(+b1&)%Ib"'bb!&",-+2b%,,('b2(.b&" !-b,$Jb

b
!b%+'+b'b,%-bb)(,"-"('b%(' b-!b,%b2Jb

%"$"' b('b-!b,%Hb

(/"' bb,%""' b"('b-(bb)(,"-"('b%(' b-!b,%Hb

'-+"' bb'.&+b(++,)('"' b-(bb)(,"-"('b%(' b-!b,%Hbb

%-"' b+(&b"'b)(,"-"(',b%(' b-!b,%bO,b"'b-!",b1&)%PHb

(+b,%,b0!+b-!b%+'+b&.,-b)"$bb)(,"-"('Ib"'%.b'b(_'.&+b(b!(",Hb!",b
)+(/",bb'.-+%b)(,"-"('b,(b%+'+,b+b'(-b(+b"'-(bb)(,"-"('Hb!b'.-+%b)(,"-"('b
+&(/,b-!b"&)%"-"('b-!-b-!b%+'+b&.,-b&$b'b"-!+_(+b!("Hb
'b-!b'.-+%b
!("b&$,b-!b*.,-"('b))+b&(+b(#-"/Hb

)b,%b"'-+/%,b*.%b'b&'"' .%Hb -b",b.,.%%2b b-(b+(.'b'.&+,b"b-!-b",b

!(0b%+'+,b+b.,-(&b-(b,"' b-!b,%Hb

&93;=E<D9@<5
AE5CD9?>C

"$_&.%-")%b*.,-"(',b%-b-!b%+'+b)"$b('b(+b&(+b',0+,b+(&bb%",-b(b)(,,"%b
',0+,Hb

'b-!",b1&)%Ib-!b%+'+b'b
)"$b%%b',0+,b-!-b+b(++-Hb

b
 '$!$
-
(!$



()(





b
-85>
D?
EC5
@93;=E<D9@<5
AE5CD9?>C

"$_&.%-")%b*.,-"(',b'bb&(+b,()!",-"-b-!'b)"$_('b(+b-+.^%,b*.,-"(',Hb
,b)"$_&.%-")%b*.,-"(',b(+b,$"' b*.,-"(',b0"-!b&(+b-!'b('b+" !-b',0+Hb
%,(b
.,b-!&b(+b*.,-"(',b-!-b+*."+b&$"' bb,+",b(b+%-b#. &'-,Hb(+b"',-'Jb




"$"' b"-&,b-!-b&-bb+"-+"('Hb

()(


""' b0!'bb+.%b))%",Hb

$"' bb*."$b,+",b(b2,_'(b","(',Hb

"$"' b1&)%,b(+b'('_1&)%,b(bb)+"'")%Hb
,bb)"$_&.%-")%b*.,-"('b-(b",(.+ b .,,"' Hb!b(,b(b .,,"' b(++-%2b+b
&.!b%,,b0!'b-!b%+'+b&.,-b,%-bb,)""b(&"'-"('b(b"-&,Hb
b

3*H+/-.#)(H -H) H!/--#(!H),,.&3H

+.^%,b 9J:b
"$b9b(b<b 9J<b
"$b9b(b=b 9J=b
"$b&.%-")%b(b<b 9J9>b
"$b&.%-")%b(b=b 9J;:b

!b"-"('%b',0+b"'b-!b)"$_&.%-")%b%",-b+.,b-!b(,b(b .,,"' b-!b(++-b

(&"'-"('b2b!%Hb

"$_&.%-")%b*.,-"(',b+bb(&)-b02b-(b,$b,/+%b+%-b-+.^%,b*.,-"(',Hbb

!",b1&)%b,$,b"/b-+.^%,b
*.,-"(',Hb!b)("'-b/%.b(b-!",b
*.,-"('b0(.%b(b(.+,bb!" !+b
-!'b"/b"'"/".%b-+.^%,b
*.,-"(',b-(b+%-b-!b"".%-2b(b
--"' b%%b(b-!&b+" !-Hb

b




()(



'$!$
-
(!$


b
?>C945B
1<D5B>1D9F5
6?B=C
6?B
@93;=E<D9@<5
AE5CD9?>C

+b+b,(&b%-+'-"/,b-!-b2(.b&2b0'-b-(b-+2Jb

B1@8931<
@93;=E<D9@<5
AE5CD9?>C

-b%+'+,b,%-b"-&,b2b%"$"' b('b-!&b"'bb)"-.+Hbb

!",b1&)%b!,b%+'+,b
,%-b&.%-")%b+,b('bb!+-b
-(b',0+b-!b*.,-"('Hb
%-b+,b+b!" !%" !-Hb
b
b
b
b
b
b
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b")+"' b
+,'-+Hb"0b1&)%b-b!(+-('H(&^%^Hb

,b%"$_"'_)"-.+b-,-,b-(b&,.+b/",.%b+( '"-"('b(b(#-,b(+b+,Hb,b-!&b-(b,$b
*.,-"(',b,.!b,b-!,Jb
5
>/(;
*6<5;90,:
65
;/0:
4(7
+6,:
6<9
*647(5@
/(=,
:(3,:
6--0*,:

$/(;
0;,4:
(9,
(336>,+
05
*(99@65
3<..(.,

$/(;
,3,4,5;:
05
;/,
7,906+0*
;()3,
>,9,
+0:*6=,9,+
)@
(90,
<90,

,b +)!"%b)"$_&.%-")%b*.,-"(',b0!'b"-b",b&(+b"&)(+-'-b-!-b%+'+,b$'(0b
0!+b(#-,b'b+,b+b(+b0!-b-!2b%(($b%"$Hbb
,b%+b"& ,b'b0+"-b%+b"',-+.-"(',Hb

2*&#(H2.&3H1".H&,(,-H,H.)H-&.Hb
+,Ib(#-,Ibb+' b%(' bb,%Mb+b
-(b-!b +)!"bOW('b-!b&)XPHb

%H.,!.-H0#-/&&3H#-.#(.Hb $b-!&b/",.%%2b,)+-b(#-,b(+b+,b0"-!b
",-"'-b(++,Hb

%H.,!.-H&,!H()/!"b,(b-!-b%+'+,b0"-!b('%2b/+ b2_!'b((+"'-"('b
'b*."$%2b,%-b-!&Hb $b-+ -,b-b%,-b:8_2_:8b)"1%,b,bb&"'"&.&b,"3Hb

6
I?EB
D??<
4?5C
>?D
?665B
1
@93;=E<D9@<5
AE5CD9?>

b2(.+b-,-"' b-((%b(,b'(-b"'%.bb)"$_&.%-")%b-,-b*.,-"('Ib2(.b&2bb%b-(b,$b
-!b,&b-2)b*.,-"('b,bb,+",b(b-+.^%,b*.,-"(',Hb!b!("b(b-!b)"$_&.%-")%b
*.,-"('b(&,bb-+.^%,b*.,-"('Hb

b
 '$!$
-
(!$



()(





b
9<<9>D852<1>;C
AE5CD9?>C

"%%_"'_-!_%'$,b*.,-"(',b+*."+b%+'+,b-(b-2)b"'b-!b',0+b-(bb*.,-"('Hb2)"%%2Ib
-!,b+b,!(+-b',0+,b-(b/+2b,)""b*.,-"(',Hb

'b-!",b1&)%Ib%+'+,b-2)b



"'b-!b'.&+b(b2,Hb

()(

"%%_"'_-!_%'$,b*.,-"(',b+*."+b%+'+,b-(b,.))%2b&",,"' b0(+,b(+b'.&+,Hb!b
%'$b'b(.+b0"-!"'bb,'-'b(+b-b-!b'b(bb*.,-"('Hb .%-")%b%'$,b'bb
,)+"'$%b-!+(. !bb)+ +)!b(b-1-b(+b+(,,bb-%Hbb

-85>
D?
EC5
69<<9>D852<1>;C
AE5CD9?>C

,b"%%_"'_-!_%'$,b*.,-"(',b-(b/+"2b-!-b%+'+,b!/b-+.%2b%+'b-!b'&,b(b
-!"' ,Hb,b-!&b-(b-,-b+%%b(Jb

!'"%b(+b.,"',,b-+&,Hb

+-b'.&+,Hb


+/"-"(',Hb

(&&',b'b,--&'-,b"'bb)+( +&&"' b%' . Hb

(.%+2b"'bb(+" 'b%' . Hb

?G
D?
45C97>
1
69<<9>D852<1>;C
AE5CD9?>

!b&(,-b"".%-b,)-b(b," '"' b"%%_"'_-!_%'$,b*.,-"(',b",b)!+,"' b-!b*.,-"('b
,(b-!-b-!b(&).-+b'b/%.-b-!b',0+Hb

$b,.+b-!b('-1-b)+(/",b'(. !b%.,b,(b-!-b-!b%+'+b'b"%%b"'b-!b%'$Hb
',.+b-!-b-!b"'-+(.-"('b'b('-1-b&$b%+b1-%2b0!-b",b+*.,-Hb'b
02b-(b(b-!",b",b-(b).-b-!b%'$b-+bb%+%2b)!+,b*.,-"('b+-!+b-!'b0"-!"'bb
/ .b,--&'-Hb,-b2(.+b*.,-"(',Hb

!+,b-!b*.,-"('b-(b%"&"-b-!b'.&+b(b(++-b',0+,Hb b)(,,"%Ib0+"-b-!b
*.,-"('b,(b('%2b('b',0+b",b(++-Hb

!+,b-!b*.,-"('b,(b-!-b-!b',0+b'bb/%.-b,b('b-!b)+,'b(+b
,'b(b,)""b0(+,b(+b)!+,,Ib.-b'(-b('b-!b1-b(++b(+b,2'-1b(b-!b
',0+Hb


)-b,2'('2&,bO(-!+b0(+,b0"-!b-!b,&b&'"' PIb +&&-"%b/+"'-,Ib'b
(&&('b&",,)%%"' ,Hb-!b(.-b(+b"+',b-0'b+"-",!b'b
&+"'b'b
'"'b'b
.,-+%"'b' %",!Hb

b




()(



'$!$
-
(!$


b

%%b%+'+,b!(0b-(b)!+,b-!"+b',0+,Hb"/b'b1&)%b(bb)+()+%2b)!+,b
',0+Hb $b%+b0!-!+b-!b',0+b",b-(bb-1-b(+b'.&+,b(+b&"1Hb

b-!b*.,-"('b",b(&)%1Ib+$b"-b"'-(b,)+-b*.,-"(',Ib!b0"-!bb,"&)%b',0+Hb
(b'(-b,$b-0(b*.,-"(',b-(bb',0+b"'b('b"').-b(1Hb

%%b-!b%+'+b-!b%' -!Ib(+&-Ib+*."+b)+-,Ib'b(-!+b(',-+"'-,b('bb+_(+&b
"').-Hb b2(.b(b'(-b,--bb%' -!Ib&(,-b%+'+,b0"%%b,,.&b-!2b'b"%%b-!b"').-b(1Hb

%-!(. !b.-(&-"b,(+"' b(b+_(+&b-1-b",b'(-b)+-"%b"'b&(,-b,,Ib2(.b'b0+"-b

2(.+b*.,-"('b,(b-!-b-!b(&)%-',,b'bb/%.-Hb(+b1&)%Ib"b2(.b,$b%+'+,b
-(b(&)+b/+"(.,b &,-(',Ib-!b,2,-&b(.%b,'b-!b%+'+V,b',0+b(+b-!b'&,b
(b &,-(',bOW+.2IXbW"&('IXbW()%IXb'b,(b(+-!Pb'b(+b!+-+",-",bOW(%(+IXb
W!+',,IXb'b,(b(+-!PHb

!+b)(,,"%Ib/%"-b-!b(+&b(b-!b"').-b+" !-b('b-!b) b(+b/%.-"' b

0!-!+b"-b",b-!b(++-b',0+b(+b'(-Hb2bW/%"-Xb b&'b!$b(+b,&%%b&",-$,b-!-b
(b'(-b"'"-b,.#-_&--+b$'(0% Hb(+b1&)%Ib,.))(,b2(.b,$b(+bb'.&+Hb

'b' "'+b0(.%b)+(%2b'(-b'-+bW'b!.'+b-'IXb.-b2(.b''(-bb,.+Hb
b
/%"-"('b!$b1&"',b-!b"').-b-(b-+&"'b0!-!+b"-b",bb'.&+b(+b-1-Hb b-!b
"').-b",b'(-bb'.&+Ib-!b/%"-"('b!$b-!+(0,b.)bb.-"('b'b"'/"-,b-!b%+'+b-(b
(++-b-!b(+&b(b-!b"').-Hb

<?J5
AE5CD9?>C

.,-"(',b0"-!b&.%-")%b%'$,b+b,(&-"&,b%%b!$/b*.,-"(',Hb.!b*.,-"(',b!/b
'b.,b(+b!.'+,b(b2+,b'b+bb,-)%b(b.-"('Hb

+b",bb%,,"b1&)%b.,b-(b
-,-b$'(0% b(b+'!b
+&&+Ib,2'-1Ib'b,)%%"' Hb

b
%(3b*.,-"(',b0(+$b#.,-b%"$b-!b))+b0(+$(($,b"'b0!"!b,-.'-,b!/b-(b0+"-b-!"+b
',0+,Hb"-!b-!b_%+'"' b/+,"('Ib%+'+,b"%%b"'b-!"+b',0+,b2b-2)"' b(+b2b)"$"' b
+(&b,%-"('b%",-,Hbb

,b2(.b'b,Ibb%(3b*.,-"('b",b+%%2b#.,-bb-" !-%2b"'- +-b,+",b(b"%%_"'_-!_%'$,b
(+b&.%-")%_!("b*.,-"(',Hb

b
 '$!$
-
(!$



()(





b

!",b1&)%b.,,b,%-"('b%",-,b
+(&b0!"!b%+'+,b)"$b0(+,b
"'bb)+( +&&"' b%' . b-(b
(&)%-bb.'-"('Hb
b



b

()(

b
b
b
b
b
b
b
b
b
b
b
b
b
b
b
."%-b"'b b'b.,-(&b /+")-Hb"0b
1&)%b-b!(+-('H(&^%^Hb
b

-85>
D?
EC5
3<?J5
AE5CD9?>C

,b%(3b*.,-"(',b-(b&,.+b%+'+,Vb"%"-2b-(b))%2b$'(0% b0"-!"'b-!b('-1-b(b
b,)""b)+(%&Hb +'+,b.,bb)+-"%b',0+b-(b" .+b(.-b-!b(&)%-b',0+Hb,b
%(3b*.,-"(',Jb

)H.-.H#(,'(.&H%()1&!Hb +'+,b$'(0b)+-b(bb,.#-b'b))%2b0!-b-!2b
$'(0b-(b"'+b',0+,Hb

",H)(.2.H'..,-Hb +'+,b"'+b-!b(++-b',0+b+(&b,.++(.'"' b-1-b(+b
(Hb

)H'-/,H#&#.3H.)H**&3H0,&H%()1&!H#(H)(.2.;H +'+,b .,,b-!b+" !-b
0(+,b+(&b-!b0(+,b-!-b(&b(+b"-b'b-!b0(+,b-!-b(%%(0b"-Hb

)H-%H)'*&2H+/-.#)(-;H +'+,b',0+b*.,-"(',b0"-!b&.%-")%b"'-++%-b)+-,Hb

)H*,)0#H- )&#(!Hb!b('-1-b)+(/",b-!b,.))(+-b%+'+,b'b+%2b"'b
%+'"' bb,.#-Hb +'+,b'b'(-b!/b&,-+b-!b$'(0% b,.))%"b2b-!b
('-1-Hb

?G
D?
45C97>
3<?J5
AE5CD9?>C

$b"%%"' b"'b-!b%'$,b,"&)%b'b)+"-%b,(b%+'+,b(.,b('b',0+"' b-!b
*.,-"('Hb

(.,)/H."H)(.2.Hb1)%"'b0!+b-!b"'(&)%-b,&)%b(&,b+(&b'b0!-b"-b
--&)-,b-(b(&)%",!Hb(+b1&)%IbW+b",bb)+ +)!b+(&bb.,,"'b-(.+b ."b
,. ,-"' b," !-,b-(b,b('b2(.+b"+,-b2b"'b-Hb-+,.+ HXb

b




()(



'$!$
-
(!$


b

2*&#(H."H!)&Hb%%b%+'+,b0!-b+"-+"b-!2b,!(.%b.,b-(b"%%b"'b-!b%'$,Hb(+b
1&)%IbW"$b0(+,b-!-b-.+'b-!b)+ +)!b"'-(bb('",b,.&&+2b(bLHXb

-HH-&.#)(H&#-.b-(b%-b%+'+,b)"$b&(' b,/+%b)%.,"%b%-+'-"/,b"b-!+b+b
-((b&'2b)(,,"%b+" !-b',0+,Hb

#1D389>7<9CD
AE5CD9?>C

-!"' _%",-b*.,-"(',b+*."+b%+'+,b-(b,)"2b0!"!b"-&,b"'b('b%",-b(++,)('b-(b
"-&,b"'b'(-!+Hb

'b-!",b1&)%Ib-!b%+'+b!((,,b!&"%,b
+,)(',"%b(+b-!b+,)-"/b(%(+,b(b.-.&'b
%/,Hbb
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b('/+-b(+bb%"/+2b0"-!b
")+"' b+,'-+Hb"0b1&)%b-b!(+-('H(&^%^Hb
b

!b%",-,b'b'(-bb(+&--b,b,-$b%",-,b(b0(+,Hb(.b'b+*."+b%+'+,b-(b&(/b
"(',b(+b"& ,b-(b(++,)('"' b%(-"(',b('b-!b,+'Hbb

'b-!",b1&)%Ib%+'+,b&.,-b+ b
%&'-,b(bb'--b!+-b"'-(b)%b
-(b+)+,'-b+%-"(',!"),b&(' b
-,$,b(bb)+(#-Hb.!b+ _'_
+()b*.,-"(',b-,-b-!b"%"-2b-(b
,," 'b"-&,b-(b-!b(++-b- (+2b
(+b-(b++' b-!b)+-,b(bb,2,-&b
"'-(bb0!(%Hb

b
b
."%-b.,"' b
(b+&0/+Hb"0b1&)%b-b
b !(+-('H(&^%^Hb

b
 '$!$
-
(!$



()(





b

-85>
D?
EC5
=1D389>7<9CD
AE5CD9?>C

,b&-!"' _%",-b*.,-"(',b-(b&,.+b$'(0% b(b-!b+%-"(',!"),b&(' b(')-,Ib
(#-,Ib'b(&)(''-,Hb



-H."'H.)H'."=H #."=H

()(

.,-"(',b
',0+,b
+&,b "'"-"(',b
"-.+,b )-"(',b
()%b "-%,b(+b(&)%",!&'-,b
((%,b !"+b.,,b
",,,b 2&)-(&,b(+b.+,b
+-,b(b('b0!(%b (-"(',b0"-!"'b-!b0!(%b
-&,b !"+b- (+",Ib-!"+b+'$"' ,b%(' bb,%Ib(+b
-!"+b())(,"-,b

?G
D?
45C97>
=1D389>7<9CD
AE5CD9?>C

$b&-!"' b,2b,(b-!-b%+'+,b'b(.,b-!"+b--'-"('b('b-!b+%-"(',!"),b
-0'b"-&,b"'b-!b-0(b%",-,Hb

,#.H&#-.H#.'-H&,&3Hb,b&"%"+b-+&,b(+b)+(/"bb %(,,+2b(+b-!b%+'+b-(b%(($b
.)b-+&,Hb

*H."H&#-.-H-"),.H-)H.".H."3H)."H #.H#(H."H-'H#-*&3;b b-!2b(b'(-b"-Ib "/b
-!b%+'+bb.--('b-(b#.&)b$b'b(+-!Hb'+%%2b,/'b"-&,b+b)%'-2Hb

)H().H'#2H.!),#-H1#."#(HH&#-.;b '%.b('%2b(&)+%b"-&,b"'b!b%",-Hb

.H&,(,-H#(#.H'."-H-#'*&3;b-!+b-!'b!/"' b-!&b-2)b-!b%--+b(+b
'.&+b(b-!b&-!"' b"-&Ib%-b-!&b,%-b"-b+(&bb%",-b(b!(",Ib+ b"-b+(&b('b
%",-b-(b'(-!+Ib(+b+0b%"',b-0'b"-&,Hb

&#'#(.H."HC*,)--G) G&#'#(.#)(DH .H2b"'%."' b&(+b"-&,b"'b('b%",-b-!'b
-!b(-!+Ib2b%--"' b('b"-&b&-!b&(+b-!'b('b"-&b"'b-!b(-!+b%",-Ib(+b2b%--"' b
%+'+,b!((,bW('Xb"b'b"-&b!,b'(b&-!b"'b-!b())(,"-b%",-Hb 'b"',-+.-"(',Ib-%%b
%+'+,b(b-!,b)(,,""%"-",Hb

)5AE5>35DI@5
AE5CD9?>C

*.'_-2)b*.,-"(',b,$b%+'+,b-(b).-b"-&,b"'-(bb,*.'b+(&b "''"' b-(b'b
2b,(&b+.%b(+b(+"' b-(b,(&b)+"'")%Hb +'+,b+b)+,'-b0"-!bb%",-b(b"-&,b"'b
'b"'(++-b(++Hb!2b&.,-b&(/b-!b"-&,b-(b).-b-!b"-&,b"'-(b-!b+" !-b+%-"/b
)(,"-"(',b0"-!"'b-!b%",-Hb

b




()(



'$!$
-
(!$


b

!",b1&)%b,$,b%+'+,b(.-b-!b
+%-"/b!+',,b(b"/b&"'+%,Hb
+'+,b+ b)"-.+,b(b-!b&"'+%,b
"'-(b-!b))+()+"-b,%(-b(+b%"$"' b
-!b/'#.b.--('b-(b,b0!"!b"-&,b+b
"'b-!"+b(++-b)(,"-"(',Hb
b
b
b
b
b
."%-b.,"' b
(b)-"/-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

-85>
D?
EC5
C5AE5>35DI@5
AE5CD9?>C

,b,*.'_-2)b*.,-"(',b-(b&,.+b%+'+,Vb"%"-2b-(b).-b"-&,b"'-(bb&'"' .%b
(++Hb!2b,$b%+'+,b-(b&$b#. &'-,b(.-b-!b+%-"(',!"),b&(' b"-&,b"'b-!b
%",-Hb,b,*.'_-2)b*.,-"(',b-(b-,-bb%+'+,Vb"%"-2b-(b,*.'Jb

",-(+"%b/'-,b2b-Hb

-),b(bb)+(.+b2b(++b)+(+&Hb

!,,b(bb)+(,,b2b-!b(++b"'b0!"!b-!2b(.+Hb

( "%b+ .&'-,b"'b"'.-"/b(+b.-"/b(++Hb

''(/-"(',b2bb!"'b(b)''",Hb

'$"' ,b(b/%.Hb

+()+-",b(b(#-,Ib,.!b,b,"3Ib0" !-Ib(+b"&)(+-'Hb

&",b2b)+("%"-2b(b,.,,Hb

" '(,,b(b,2&)-(&,b2b)+("%"-2Hb
*.'_-2)b*.,-"(',b+b%,(b/%.%b"'b)(%%"' Ib,)"%%2b(+b,.#-"/b*.,-"(',Ib
,.!b,b/%.Hbb

?==E>931D5
D85
45C9B54
C5AE5>35
3<51B<I

$b-!b,*.'b-"/"-2b%+Ib,"&)%Ib'b"+Hb

)H().H/-H-+/(G.3*H+/-.#)(-H# H.",H#-H'),H."(H)(H,#!".H-+/(Hb/'b"b
2(.+b,(+"' b)+(.+b0(.%b)-b%%b(++-b',0+,Ib%+'+,b&2b,-"%%b%b-!b
*.,-"('b",b.'"+Hb 'b '+%Ib/("b,*.'_-2)b*.,-"(',b0!'b-!b,*.'b",b
,.#-"/Hb

-H)(&3H#-.#(.H#.'-H '#&#,H.)H&,(,-Hb(b'(-b+*."+b%+'+,b-(b .,,b0!-b
"-&,b&'b(+b('.-b+,+!b.+"' b-!b-,-Hb

b
 '$!$
-
(!$



()(





b

*# 3H."H,#.,#)(H ),H."H-+/(Hb(+b"',-'Ib,)"2bOW"'b!+('(%( "%b(++XPHb

%,(b,)"2b-!b"+-"('b(b-!b,*.'bOW+(&b+%",-b-(b%-,-b-,XPHb

*# 3H)(&3H)(H,#.,#)(H ),H."H-+/(Hb
/("b(&)%1b+"-+"Ib,.!b,bW2b
)+"&+2b'b,('+2b(',-"-.'-,Xb(+bW2b-!'(%( 2b'b-!'b2b2+b/%()HXb



)3?B5
619B<I

()(

',.+b"+b,(+"' b(b,*.'_-2)b*.,-"(',Hb"&)%b,(+"' b'bbb)+(%&Hb!b
'-.+b(b-!b,*.'"' b-,$b&',b-!-b('b"-&b(.-b(b)%b'b+'+b-!b',0+b
"'(++-Ib/'b-!(. !b-!b%+'+b$'0b-!b+%-"/b)(,"-"(',b(b%%b(-!+b"-&,Hbb

.!b,-+"-b,(+"' b&2bb))+()+"-b"b-!b*.,-"('b",b(.-b,-),b"'b'b&+ '2b

)+(.+Hb 'b(-!+b,,Ib"-b&2b.'"+%2b)'%"3b-!b%&(,-_+" !-b',0+Hb(&b
,(%.-"(',Jb

"/b)+-"%b,(+,b(+b"-&,b'+b-!"+b(++-b%(-"('Hb

(+b!b"-&b"'"/".%%2b,(b-!b(',b"'b(++-b"'%b)(,"-"('b0"'b,(&b)("'-,Hb

,b,*.'_-2)b-,-b*.,-"(',b(+b)+-"b0!'b,(+,b+b'(-b+(+Hb

?>C945B
1<D5B>1D9F5
6?B=C
6?B
C5AE5>35DI@5
AE5CD9?>C

b2(.+b-,-"' b-((%b(,b'(-b)+(/"bb,*.'_-2)b*.,-"('bO'b&'2b('V-PIb(',"+b
,$"' b-!b*.,-"('b"'b,(&b(-!+b(+&Jb

,bb&-!"' _%",-b*.,-"('b-(b&-!b"-&,b0"-!b-!"+b)(,"-"(',b"'b-!b,*.'Hb

.&+b-!b"-&,b"'bb%",-b'b!/b%+'+,b'-+b-!b'.&+,b(b-!b"-&,b"'-(bb"%%_
"'_-!_%'$,b*.,-"('Hb

?=@?C9D9?>
AE5CD9?>C

(&)(,"-"('b*.,-"(',b,$b%+'+,b-(b0+"-b'b,,2Ib+0bb)"-.+Ib(+b0+"-bb,(' Hb
!2b,$b(+b'b(+" "'%b'%2,",Ib()"'"('Ib(+b(-!+b)"b(b0(+$Hb(&)(,"-"('b*.,-"(',b
+b#.,-b,(+b(+" "'%_0(+$b-"/"-",bO)Hb:8?PHb2b+Ib-!b&(,-b(&&('b(+&b",b-!b,,2b
*.,-"('Ib.-b(-!+b&"b'bb,.&"--b,b0%%Hbb

!",b1&)%b,$,b(+bb+_(+&b',0+b-!-b
%+'+,b'b)+)+b"'bb-1-_"-(+b'b-!'b),-b
"'-(b-!b-1-b(1Hb
b
b
b
b
b
b
b
."%-b.,"' b)%"'b(%b Hbb

b




()(



'$!$
-
(!$


b
(&)(,"-"('b*.,-"(',b+b&(,-b(&&('%2b.,b"'b"',-+.-(+_%b_%+'"' Hb!2b,$b
,.#-"/b(+b()'_+,)(',b*.,-"(',Hb!2b+*."+b!.&'b/%.-"('Hbb

-85>
D?
EC5
3?=@?C9D9?>
AE5CD9?>C

,b(&)(,"-"('b*.,-"(',b-(b/%.-b(&)%1b$'(0% Ib!" !+_(++b,$"%%,Ib'b
+-"/"-2Hb2)"%b.,,b"'%.b*.,-"(',b-!-b+*."+b%+'+,b-(Jb

2'-!,"3b'b(+" "'%b,(%.-"('b-(bb)+(%&Hb

( '"3b'b1)+,,b(&)%1b(+b,.-%b+%-"(',!"),Hb


'%23bb(&)%1b(#-b(+b,"-.-"('Hb

(+&b'b#.,-"2b'b()"'"('b2b0" !"' b/"'Hb

,(%/b('%"-"' b()"'"(',b'b('-++2b/"'Hb

(b'(-b.,b(&)(,"-"('b*.,-"(',b0!'b',0+"' b-!&b0(.%b)%b-((b&.!b(bb
)!2,"%b.+'b('b%+'+,Hb(+b1&)%Ib'-+"' b%(' b&(.'-,b(b-1-b('bb&("%b
/"b0"-!(.-bb$2(+b0(.%b)+(&)-b%+'+,b-(bb.''-.+%%2b+"Ib-(b.,b1-+&b
+/"-"(',Ib(+b#.,-b-(b,$")b-!b*.,-"('b%-( -!+Hb--+b-(b,.,-"-.-b'(-!+b-2)b(b
*.,-"('b-!-b'bb',0+b&(+b,"%2Hb

 H)b
H-b

H H
."%-b.,"' b
(b+&0/+Hb

5C97>9>7
3?=@?C9D9?>
AE5CD9?>C


+/#,H,."H(H*."H#(H(-1,-;b
,$b*.,-"(',b-!-b+*."+b(',"+"' b&(+b
-!'b('b,)-b(b-!b,.#-b'b ("' b2('b,.+b-"%,Hb

+/#,H),#!#(&H."#(%#(!;b(b'(-b+0+bW)++(-"' Xb&-+"%b+(&b-!b(.+,Ib
-!+Ib-1-(($Ib(+b(-!+b,(.+,Hb

#-&&)1H)*3G(G*-.H,-*)(--;b(b'(-b%-b%+'+,b"'%.b-!b0(+,b(+b0(+$,b(b
(-!+,b,b',0+,Ib1)-b,b%+%2b"'-""b*.(--"(',b(+b1&)%,Hb
'b+*."+b'b

b
 '$!$
-
(!$



()(





b
(+" "'%b1)%'-"('b(b0!2b-!b"-&b0,b"'%.b'b!(0b"-b,.))(+-,b-!b%+'+V,b
(+" "'%b',0+Hb

.H&,(,-H,-*)(H#(H."H'#/'H) H."#,H")#;b b-!b,.#-b",b0+"-"' Ib"-b&$,b
,',b-(b+*."+bb0+"--'b+,)(',Hb(0/+Ib"b-!b,.#-b",b.,"',,Ib%-b%+'+,b
,.&"-b-!"+b',0+,b,bb/("b+(+"' Ibb(0+("'-b,%"Ib(+bb/"(b%")Hb 



H-*# #;b(b'(-b,2bW ",-bb,(%.-"('Xb0!'b2(.b&'bbW1)%"'b-!b%,-_1)',"/b

()(

,(%.-"('HXb+",b*.,-"(',b"%-+b(.-b-+"/"%b(+b(,.+b',0+,Hb '-"('b'2b
(',-+"'-,b('b-!b',0+Hb%%b%+'+,b-!b+*."+&'-,b(+bb ((b',0+Hb

/#H,-*)(--;b"/b%+'+,bb&(%b(+b-&)%-b(+b,-+.-.+"' b-!"+b+,)(',Hb!b
)+(%&b0"-!b&'2b()'_+,)(',b*.,-"(',b",b-!-b-!2b+b-((b()'Hb

#'#.H."H(/',H) H)'*)-#.#)(H+/-.#)(-;b!2b+b-"+"' Hb
-+b(.-bb!%_(3'b
,.!b*.,-"(',Ib%%b2(.b+b&,.+"' b",b,-&"'Hb

)3?B9>7
3?=@?C9D9?>
AE5CD9?>C

+"-b,)""b,(+"' b ."%"',bO(&&('%2b%%b'*'(Pb-(b ."b-!+,b"'b,(+"' b
',0+,b'b)+(/""' b$Hb 'b,.!b,(+"' b ."%"',Ib,)"2b(#-"/b
+*."+&'-,b(+b'b)-%b',0+Jb

!+-+",-",b(b-!b',0+Hb ' -!Hb(+&-Hbb

-&,b"-b&.,-b"'%.Hb-,b"-b&.,-b&'-"('Hb "b"-b&.,-b.,Hb

%-"(',!"),b&(' b"-&,Hb

('%.,"(',b-!b%+'+b,!(.%b+0Hb

(&&'-"(',b-!b%+'+b,!(.%b&$Hb
+b",b)+-b(bb+.+"b(+b'b,," '&'-b"'bb&' &'-b(.+,Hb -b!%),b-!b"%"--(+b
/%.-b%+'+,Vb+,)(',,Hbb

b




()(



'$!$
-
(!$


b
",-b1&)%,b(b02,b-!b%+'+b&2b',0+b-!b*.,-"('Hb '%.b(-!b+" !-b'b0+(' b
',0+,Ib%(' b0"-!b-!b$b!b,!(.%b-+" +Hb ",-b," ',b(b(&&('b&",-$,Ib
,.!b,b"'(++-b,--&'-,b(+b"-&,b(-'b(&"--Hb
+"-"' b,.!b+.+",b",b,"b"',-+.-"('%b," 'a'b"-b",b!+b0(+$Hb -b",b,,'-"%b"b
,(&('b(-!+b-!'b-!b.-!(+b(b-!b(.+,b0"%%b,(+b-!b(&)(,"-"('Hb!",b",b-+.b
0!-!+b-!b(.+,b",b(+b"'bb%,,+((&Ib('%"'Ib(+b2b,(&b(-!+b&-!(Hb.!b
(#-"/b ."%"',b+b,)"%%2b"&)(+-'-b"'b_%+'"' b.,b'1"(.,b%+'+,b&2b
b!2)+,',"-"/b-(b-,-b,(+,b'b-!2b&2b1)-b(&).-+_%"$b(#-"/"-2b"'b/+2b
,)-b(b-!b(.+,Hb

<D5B>1D9F5
6?B=C
6?B
3?=@?C9D9?>
AE5CD9?>C

,,2b*.,-"(',b+b'(-b-!b('%2b)(,,"%b(+&b(bb(&)(,"-"('b*.,-"('Hb(',"+b
"'%."' bb.--('b-(b%-b%+'+,b+(+bb/("b',0+b(+b.)%(bb+(+b."(b"%Hb
+Ib"'%.bb,"&"%+b.--('b-(b.)%(b'b',0+b+(&bb/"(b&+Hb
'(-!+b()-"('b",b
-(b+*."+b%+'+,b-(b+-b-!"+b(&)(,"-"(',b.,"' bb-&)%-b2(.b,.))%2Hb(.b&" !-b
!/b-!&b(0'%(Ib"%%b"'Ib'b,.&"-bb(0+("'-b(+b(+b-&)%-b0"-!b
)%!(%+,b(+b+*."+b%&'-,b(b-!b(&)(,"-"('Hb

'b-!",b1&)%Ib-!b%+'+b&.,-b+ b'b+()b'b
%")b'b%()b,!),b-(b+-b'b,-+-b/",.%b
(&)(,"-"('b-!-b&-,bb," 'b (%Hb
(b,b'(-!+b1&)%Ib/","-b
000H0"%%"+-H(+ ^.' ".,^b
!(&H!-&%Hb
b
b
b
b
b
b
."%-b.,"' b
(b%,!b'b+&0/+Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

&5B6?B=1>35
AE5CD9?>C

+(+&'b*.,-"(',b+*."+b-!b%+'+b-(b)+(+&b-.%b0(+$Hb!b,-)b(b-!b0(+$b
-!-b'bb,(+b"'"/".%%2b,+/,b,bb,)+-b-,-b*.,-"('Hb

b
 '$!$
-
(!$



()(





b

'b-!",b-,-Ib-!b%+'+b)+(+&,b-!b,-),b-(b
+-bb,2,-&b-b,(.+b'&b"'bb,"&.%-"('Hb
!b,-)b(b-!b,"&.%-"('b",b,(+Hb.,b-!b
%+'+b"b'(-b)+(+&b-!",b,-)b(++-%2Ibb
&,, b",b",)%2b-%%"' b-!b%+'+b-!-b'(b



)("'-,b0+b,(+b(+b-!-b,-)b'b-%%"' b-!b

()(

%+'+b!(0b-(b)+(b-(b-!b'1-b,-)Hb
b

."%-b.,"' b
(b)-"/-Hb"0b1&)%b-b!(+-('H(&^%^Hb
b

+(+&'b*.,-"(',b&,.+b%+'+,Vb"%"-",b-(b)+(+&b(&)%1b-"/"-",Hb b
%+'+,b(&)%",!b-!b,," 'b-,$b"'b-!b)+(+&'b-,-Ib-!2b),,b'b'b
)+,.&%2b)+(+&b-!b+%b-"/"-2Hbb

-85>
D?
EC5
@5B6?B=1>35
AE5CD9?>C

+(+&'b*.,-"(',b!%)b.,b-,-b0!-!+b,(&('b'b)+(+&bb-,$Hb!'b,!(.%b
2(.b.,b-!&Mb

(.b+b-,-"' b-!b"%"-2b-(b)+(+&bb)+(.+b+-!+b-!'b,-+-b$'(0% b
(.-bb,.#-Hb

!b)+(.+b",b(&)%1Kb+*."+"' b%+'+,b-(b&$b","(',Ib'(-b&+%2b(%%(0bb
,*.'b(b,-),Hb

!b,)b(b)+(+&"' b-!b-,$b",b"&)(+-'-b-(b"-,b,.,,Hb

(.b+b*.%"2"' b)()%b-(b)+(+&bb-,$b"'b-!b+%b0(+%Hb
+(+&'b*.,-"(',b+b'(-b%"&"-b-(b-,$,b-!-b+b)+(+&b('b-!b(&).-+Hb(.b
'b.,bW -$)+b-,$,XbO)Hb9;>Pb,b)+(+&'b*.,-"(',b-(b/+"2b-!-b%+'+,b!/b
,.,,.%%2b)+(+&bb,-)b"'bb'('_(&).-+b-,$Hbb
+(+&'b-,-b*.,-"(',b-!-b+*."+b,"&.%-"('b'bb1)',"/b'b-"&_(',.&"' b
-(b/%()a-2)"%%2b988b-"&,b-!b(,-b(bb,"&)%b&.%-")%_!("b-,-b*.,-"('Hb-'b
-!2b+b0(+-!b-!b1)',Ib.-b'(-b%02,Hb,b,"&.%-"(',b(+b)+(+&'b*.,-"(',b
0!'Jb

-!+b-2),b(b-,-b*.,-"(',b''(-b*.-%2b&,.+b)+(+&'Hb

/"' b%+'+,b)+(+&b-!b-,$b('bb+%b,2,-&b(.%bb' +(.,Hb

,"' bb,"&.%-"('b,"&)%"",b,(+"' b-!b-"/"-2b'b"'- +-"' b"-b0"-!b(-!+b-2),b(b
-,-b*.,-"(',Hb

b




()(



'$!$
-
(!$


b
?G
D?
45C97>
@5B6?B=1>35
AE5CD9?>C

#'*&# 3H."H.-.;H
b)+(+&'b-,-b,!(.%b&,.+b"%"-2b-(b)+(+&bb-,$Ib.-b'(-b
-!b-!-b-,$Hb(b'(-b1)(,b-!b%+'+,b-(b&(+b!(",b'b()-"(',b-!'b',,+2b-(b
-,-b(+b-!b-+ -b(#-"/Hb

..H."H!)&H&,&3Hb%%b%+'+,b1-%2b0!-b-!2b&.,-b(&)%",!b-(b),,b-!b-,-Hb
)%%b(.-b'2b+,-+"-"(',Hb .,-b-!2b(&)%",!b-!b (%b.,"' bb)+-".%+b&-!(b(+b
-.+Mb(0b%(' b'b-!2b-$Mb

2*&#(H."H+/-.#)(Hb $b,.+b%+'+,b$'(0b!(0b-(b',0+b)+(+&'b*.,-"(',Hb b
-!2b&.,-b()+-bb,"&.%-"('Ib-%%b-!&b0!-b.--(',b-!2b'b)+,,Ib0!-b$'(,b-!2b
'b-.+'Ib'b0!-b,0"-!,b-!2b'b%")Hbb

0&H."H&#'#.-Hb(b)+(+&'b*.,-"('b(+b-,-b",bb)+-b()2b(b-!b+%_0(+%b-,$Hb
(0b(,b-!b-,-b"+b+(&b-!b+%b0(+%Mb!-b+b-!b%"&"-,b('b-"(',b%+'+,b'b
-$Mb b.,"' bb,"&.%-(+Ib-%%b%+'+,b0!-b' +(.,b,)-,b(b-!b+%b,2,-&b+b
!+&%,,b"'b-!b,"&.%-(+b'b0!-b-.+,b'b)"%"-",b+b-.+'b(Hb
*&&H)/.H-),#(!H,/&-Hb b-!b-,-b",b'(-b +b),,^"%Ib,)%%b(.-b-!b+"-+"b(+b
0+"' b)("'-,Hb
+b%+'+,b+0+b(+b-!b*.'-"-2b(b0(+$b(&)%",!Mb
+b-!2b
)'%"3b(+b-!b&(.'-b(b-"&b-!2b-(($Ib-!b'.&+b(b-"(',b.,Ib(+b&"'(+b
&",-$,b&b%(' b-!b02Mb

&93;
DI@5
AE5CD9?>
2I
DI@5
?2:53D9F5

!b(%%(0"' b#(b"b0"%%b!%)b2(.b)"$b-!b-2)b(b*.,-"('b-(b.,b"'b-,-"' b(+b!b-2)b
(b%+'"' b(#-"/Hb
%(' b-!b%-b+b%",-b-!b-2),b(b%+'"' b(#-"/,Hb
+(,,b-!b
-()b+b-!b-2),b(b-,-b*.,-"(',Hb"+%,b"'"-b+(&&'b-2),b(b*.,-"(',b-(b.,b
(+b!b-2)b(b%+'"' b(#-"/Hb%$b(-,b+)+,'-b,-+(' +b+(&&'-"(',Hbb

3*-H) H 3*-H) H+/-.#)(-H

&,(#(!H
,/F &-H

#%H)(H

'/&.#*&H
#%H

&(%-H
#&&H#(H."H

&#-.H

+/(H

-#.#)(H
)'*)G

(H
, ),'G

)$.#0-H
."#(!H

,.b'bb-!-b(,bHb b b b b b b
b b
#bHb b
b b b b b b
b
)b)+(.+bb-(b b b b b b b b
b
(&)%",!bHb

()1bb(.-bHb b b
b b b b b b

&#0bHb b b b b b b b
b
&bb(.-bHb b b b b b b b b
b

b
 '$!$
-
(!$



()(





b

-(*
*,
'+)*%$)

(b-,-b%+'"' Ib2(.b&.,-b-+',%-b2(.+b%+'"' b(#-"/,b"'-(b-,-b*.,-"(',Hb(0!+b
",b)+",Ib%+b%' . b&(+b',,+2Hb.,-"(',b+b-"/b('%2b"b%%b%+'+,b
.'+,-'b-!&b'b'b',0+b-!&b-!b02b2(.b"'-'Hb


()(

?<<?G
D85
CD1>41B4
AE5CD9?>
6?B=1D


%-!(. !b&'2b"+'-b-2),b(b-,-b*.,-"(',b+b)(,,"%Ib-!2b,!+bb(&&('b
'-(&2Hb+b",bb-2)"%b-,-b*.,-"('b0"-!b"-,b)+-,b%%Hb

b
-V,b%(($b-b-!b)+-,b(bb-2)"%b*.,-"('b'b!(0b-(b," 'b-!&Hb

,.H -,#*.#)(H

.'H '"-,b-!b)%b(b-!",b*.,-"('b"'b,*.'Hb(+b%(' b-,-,b'b

(/',H -"&b-,-,Ib-!b'.&+b!%),b%+'+,b. -b-!"+b-"&Hb -b "/,b-!&b
b,',b(b)+( +,,b,b-!2b&(/b-!+(. !b-!b-,-Hb
G#(H +(/",b$ +(.'b"'(+&-"('b(+b('-1-b(+b-!b-.%b*.,-"('Hb
,bb%_"'b-(b$)b-!b-.%b*.,-"('b,"&)%Hb
b%_"'b'bb
',,+2b"b*.,-"(',b))+b"'b+'(&b(++b(+b+b!(,'b+(&bb
)((%Hb!b%_"'b&$,b-!b*.,-"('b&(+b"')''-b(b(-!+b
*.,-"(',Hb

b




()(



'$!$
-
(!$


b

,.H -,#*.#)(H

/-.#)(H !b*.,-"('b",b-!b,)""b,'-'b-!b%+'+b&.,-b+,)('b-(Hb
,.%%2b"-b",b)!+,b,"&)%2b,bb*.,-"('Hb(+b&(+b('b*.,-"(',Ib%(($b
-!+(. !b-!b+,-b(b-!",b!)-+Ib,)"%%2b-!b, &'-b,-+-"' b('b
) b:<<Hb
(-.,/.#)(-H ',-+.-"(',b-%%b-!b%+'+b-!b)+(.+b(+b',0+"' b-!b*.,-"('b
'b'2b%"&"-,b('b!(0b-!b*.,-"('b&2bb',0+Ib(+b1&)%Ib
!(0b&'2b"-&,b,!(.%bb,%-b(+b!(0b&'2b0(+,b'bb
'-+Hb +'b&(+b(.-b"',-+.-"(',b,-+-"' b('b) b:<>Hb
")#-H +.^%,Ib)"$_('Ib'b)"$_&.%-")%b*.,-"(',b!/b%+'+,b,%-b
-!"+b',0+b+(&bb%",-b(b!(",Hbb-!b, &'-b,-+-"' b('b
) b:==b(+b/"b('b," '"' b!(",b(+b-,-b*.,-"(',Hb

.#)(H +'+,b&.,-b," '%b-!-b-!2b+b+2b(+b-!"+b',0+,b-(bb
/..)(-H /%.-Hb (,-b(-'b%"$"' bb.--('b,.!b,b/'#.Ib0&/.Ib(+b
2.H+/-.#)(b(,b-!",Hb!b%+'+b&2b!/b(-!+b.--(',b-(b+,b
-!b.++'-b',0+Ib+-.+'b-(b-!b)+/"(.,b*.,-"('Ib(+b1"-b-!b-,-Hb
!b1-b%%,b+b'(-b,b"&)(+-'-b,b)"$"' b0(+,b-!-b
(&&.'"-b%+%2b-(b-!b%+'+,b0!-b0"%%b!))'b0!'b-!2b%"$b
-!b.--('Hb
)(-.,#(.-H "&b+&"'"' b(+b'2b(-!+b%"&"--"(',b('b!(0b-!b%+'+b'b
',0+b-!b*.,-"('Hb
%H $b&2bb)+,'-b-+b!b*.,-"('b(+b-b-!b'b(b-!b
-,-Hb b$b",b)+,'-b0"-!b!b*.,-"('Ib"-b&2b))+b"'b'b
+b%(0b-!b*.,-"('b(+b"'bb)()_.)b0"'(0Hb!b$b'b
+' b+(&bW(++-Xb(+bW '(++-Xb-(b(&)%-b1)%'-"(',b(b-!b
',0+b'b%"'$,b$b-(b+%-b('-'-Hb(+b""' b%+'"' Ib
&'"' .%b$b",b+."%Hbb-!b,-"('b,-+-"' b('b) b:>;b(+b
/"b('b "/"' b$Hb
b

C;
AE5CD9?>C
C9=@<I
1>4
49B53D<I

"&)%b*.,-"(',b+b,"+b-(b.'+,-'Ib-(b',0+Ib'b-(b,(+Hb"+-b*.,-"(',b,&b
&(+b(#-"/b'b"+b-(b%+'+,Hbb

&8B1C5
AE5CD9?>C
@B539C5<I
1>4
3<51B<I

'%,,b%+'+,b'b.'+,-'b-!b*.,-"('Ib-!2b''(-b',0+b"-Hb!b"+'b
-0'bb%+b'b'b.'%+b*.,-"('b&2bb#.,-bb,"' %b0(+b(+b).'-.-"('b&+$Hb

b
 '$!$
-
(!$



()(





b
$bb%"--%b1-+b-"&b-(b&$b,.+b2(.+b*.,-"(',b,$b0!-b2(.b0'-b-!&b-(Hb
,b-!b,"&)%,-b%' . b)(,,"%Hb,-,b).-b%+'+,b.'+b,-+,,Hb!(,b%+'+,b&2b
!/b/+2"' b%' . b,$"%%,Hb(&b&2bb-$"' b-!b-,-b"'bb,('b%' . b(+b&2b
,.+b+(&b+"' b"".%-",b,.!b,b2,%1"Hb,b(b%' . b'(-b.'+,-((b2b%%b
'b/'b)(,bb% %b)+(%&b"b"-b)'%"3,b+-"'b +(.),b+%-"/b-(b(-!+,Hb


()(

&8B1C5
AE5CD9?>C
1C
AE5CD9?>C

b)(,,"%Ib)!+,b-!b-,-b*.,-"('b,bb,"&)%Ib,-'+b*.,-"('Hb,b-!b'('"%b
*.,-"('b(+&-Jb


  
 


 
 
 

       
b
!",b",b-!b(+&b&"%"+b-(b2(.' b!"%+'b'b'0b,)$+,b(b' %",!HbO b2(.b+b
0+"-"' b*.,-"(',b"'b'(-!+b%' . Ib#.,-b.,b-!b,-'+b(+&-b(+b*.,-"(',b"'b-!-b
%' . HPbb

!b)+(&)-b0(+b%+-,b-!b%+'+b"&&"-%2b-!-b-!",b",bb*.,-"('Ib'b-!b*.,-"('b
&+$b('"+&,b"-Hb(b*.,-"('b(.-b"-Jb-!",b",bb*.,-"('Hb

!b)+(&)-b0(+b''(.',b-!-b-!",b",bb*.,-"('b'b,)"",b-!b-2)b(b',0+b
+*.,-Hbb+b%%b&"%"+b0"-!b.2+b ")%"' V,b,"1b!(',-b,+/"' b&'Jb0!-Ib0!(Ib
0!'Ib0!+Ib0!2Ib'b!(0Hb,b-!&b%"$b-!",Jb

-H )H-%H ),H

!-b
'b(#-Ib)+(,,Ib(+b/'-Hb
!(b
b)+,('b(+bb +(.)Hb
!'b
b-"&Ib-Ib(+b)%b"'b,*.'Hb
!+b
b%(-"('Hb
!2b
b+,('Ib.,Ib(+b#.,-""-"('Hb
(0b
b)+(.+b(+b)+(,,Hb

!,b+b,.""'-b(+bA8Bb(b-!b*.,-"(',b0b,$Hb
'b'(Ib b"'V-b(+ -b,bLHb

b",b.,.%%2b"'+"(+b-(b,)b"'b,$"' b-,-b*.,-"(',Hb(b'(-b,$bW!"!b(b-!b
(%%(0"' b",bLMXb0!'b2(.b(.%b,$bW!-b",bLMXb

&ED
213;7B?E>4
9>6?B=1D9?>
256?B5
D85
AE5CD9?>

(b'(-b,.))%2b'0b"'(+&-"('b"'bb*.,-"('Hb(+b(&)%1b*.,-"(',Ib,.))%2b$ +(.'b
"'(+&-"('b"'bb%_"'b-(b-!b*.,-"('Hb!+,b-!b%_"'b,b,"&)%b%+-"/b
,'-',Hb

b




()(



'$!$
-
(!$


b

 H)b
H-b

(&-"&,b-+b&(/"' b-!b$ +(.'b"'(+&-"('b-(b-!b%_"'Ib2(.b",(/+b"-b",b'(-b

',,+2Hb!'b%-b"-Hb '2b-"&,Ib!(0/+Ib$ +(.'b"'(+&-"('b",b',,+2b-(b
%+"2b-!b('-1-b(b-!b*.,-"('b(+b.%%2b"'-"2bb-+&b"'b-!b*.,-"('Hb

>3<E45
9>CDBE3D9?>C
?>
8?G
D?
1>CG5B

b%+'+,b&" !-b'(-b$'(0b!(0b-(b"'"-b-!"+b',0+,Ib).-b"',-+.-"(',b"&&"-%2b
-+b-!b*.,-"('b)+()+Hb(+b1&)%Jb
$/(;
*/,40*(3:
(9,
9,:765:0)3,
-69
3,(-
*6369:
9(.
,(*/
*/,40*(3
6=,9
;/,
*6369
0;

796+<*,:

!+b&" !-b,.!b"',-+.-"(',bb',,+2Mb

'b)"$_&.%-")%b*.,-"(',b-(b-%%b%+'+,b-!2b'b)"$b&(+b-!'b('b',0+Hb

b'(-b)"$"' b'2b',0+b",b'b()-"('Hb

'bb+ _'_+()b-"/"-2b0!+"'b%+'+,b&" !-b'(-b$'(0b-!-b(#-,b+b&(/%Hb

'b"%%_"'_-!_%'$,b(+b,,2b*.,-"(',b0!'b,)%%"' Ib).'-.-"('Ib'b)"-%"3-"('b
&--+Hb

,$b2(.+,%b0!-!+bA=Bb(b2(.+b%+'+,b0"%%b" .+b(.-b!(0b-(b',0+b-!b*.,-"('b
0"-!(.-b'2b"',-+.-"(',Hb b'(-Ibb"',-+.-"(',Hb
',-+.-"(',b+b+."%b(+b)+(+&'b*.,-"(',b.,b-!2b-%%b%+'+,b)+",%2b
0!-b-!2b&.,-b(b-(bW',0+Xb-!b*.,-"('Hb

&8B1C5
AE5CD9?>C
1>4
1>CG5BC
C9=@<I

(b,$b*.,-"(',b-!-b%%b%+'+,b0"%%b"'-+)+-b1-%2b,b2(.b"'-'Ib#.,-b.,b%' . b
,b,"&)%2b'b"+-%2b,b)(,,"%Hb

!))L!55@
D
)9=@<5
6?B
)DE45>DC

!b!%%' b"'bb-,-b,!(.%bb',0+"' b-!b*.,-"(',Ib'(-b"'-+)+-"' b-!&Hb+"$2b
0(+"' b",bb,)"%b)+(%&b(+b'1"(.,b'b"&)-"'-b++,a,)"%%2b(',b+"' b
"'bb,('b%' . Hb
b

b
 '$!$
-
(!$



()(





b
+b+b,(&b+(&&'-"(',b(+b$)"' b"-b,"&)%Jb

-"$b-(b,"&)%b,'-',Hb
/("b(&)%1b,'-',b0"-!b&b%.,,Hb

,b,-'+b,)%%"' b'b).'-.-"('Hb "'b!b!("b0"-!bb)"-%b%--+b'b'b
"-b0"-!bb)+"(Hb

,b(&&('b-+&,b&"%"+b-(b-!b%+'+Hb+(/"bb %(,,+2b(+b'2b-!'"%b-+&,b



2(.b&.,-b.,Hb

()(


,b%'$b,)b-(b",-"' .",!b*.,-"(',Ib"',-+.-"(',Ib!(",Ib'b-"('b.--(',Hb

)b*.,-"(',b,!(+-Kb,2b'(b&(+b-!'b98b(+b9:b0(+,Hb '%.b('%2b',,+2b0(+,Hb

!+,b!(",b,(b-!2b&-!b',0+,b-!b%+'+b&2b+%%b0!'b+"' b-!b
*.,-"('Hb

)b!(",b,!(+-ab,"' %b%"'b"b)(,,"%Hb

'b' -"/b-,-b*.,-"(',Ib&)!,"3b-!b0(+bb(+b"-,b*."/%'-Hb

(5=?F5
1=297E9DI

$b,)"%b+b-(b/("b&" .(.,b%' . b"'b*.,-"(',b'b',0+,Hb(&b(&&('b
)+(%&,b"'%.b-!,Jb


'#!/)/-H.,'-Ib,.!b,bW'b'(-IXb0!"!b(.%b&'bW)(,,"%2b'(-Xb(+bW'(-b
)(,,"%HXb

(3H1),-H-!-b'(-b%%b%+'+,b0"%%b+( '"3Hb bb,"&)%+b0(+b0(+$,Ib.,b"-Hb(b
'(-b-+2b-(b,!(0b(b2(.+b/(.%+2Hb

)/&H(!.#0-Ib,.!b,bW!'b,!(.%b2(.b'(-b+#-bLMXb b)(,,"%Ib,$b-!b
*.,-"('b"'b-!b)(,"-"/b,',Ib,.!b,bW!'b,!(.%b2(.b)-bLMXb
-b%,-b.'-' %b
-!b%( "Hb b2(.b'b,$bb*.,-"('b"'bb)(,"-"/b(+&Ib(b,(Hb b2(.b''(-Ib$)b-!b
(+&b,"&)%b'b&)!,"3b-!b' -"/b0(+Hb

( #(#.H+/-.#)(-Ib,.!b,bW(b2(.b-!"'$b-!-b;bCb=b",b?MXb ,b-!b*.,-"('b(.-b
&-!&-",b(+b()"'"('Mb$b,)"%b+b0"-!b)!+,,b%"$bW(,b"-b,&b-!-bLMXb(+b
W(,b"-b))+b-!-bLMXb

(,)!(#4H"/'),;H +'+,b&2b-$bb!.&(+(.,b(&&'-b%"-+%%2b(+bb''(2b
2b2(.+b,.%b--"-.b-(b0!-b-(b-!&b",bb'+/_0+$"' b1)+"'Hb

.*"),-<H#,)(3<H),H).",H #!/,-H) H-*"H-!-b+b.'&"%"+b-(b%+'+,Hb '2b
,.!b1)+,,"(',b+b,)""b-(bb)+-".%+b.%-.+b(+b%' . Hb(',"+b-!",b
*.,-"('JbW!-b&"%"-+2b(&&'+b).%%bb!"%b +2b('b-!b2b-+b!+",-&,b
9??>MXb
',0+"' b)',b('b$'(0% b(bb,)(+-,b&-)!(+b,b('b-!b'&b(bb
)+2+Hb

b




()(



'$!$
-
(!$


b
C;
:ECD
?>5
AE5CD9?>
1D
1
D9=5

!+,b*.,-"(',b,(b-!-b('%2b('b',0+b",b+*."+Hb(b'(-b,$b(+b"&)%2bb,('b
*.,-"('Ib,b(,b-!",b,!&.%b1&)%Jb

!",b1&)%b,$,b-0(b*.,-"(',Hb!b
"+,-b,$,b!(0b-(b.-b!-"' b(,-,b'b
-!b,('b,$,b0!-b(&)(''-b
0,-,b'+ 2Hb

)!+,b-!b*.,-"('b-(b,(&-!"' b%"$b-!",Jb

(0b-!b1&)%b,$,bb,"' %b
*.,-"('Hb

'b(+&b(b(&)(.'b*.,-"('b",b.,.%Ib.-b"-b&.,-bb," 'b0"-!b+Hb!",b",b-!b
0!-_'_0!2b*.,-"('Hb -b,$,b%+'+,b-(b)"$b'b',0+b'b-!b+,('b0!2b"-b",b-!b
,-b',0+Hbb

!",b1&)%b,$,b'(-b('%2b(+b
-!b(++-b!("b.-b(+b-!b
(++-b+,('b,b0%%Hb

,b-!",b(+&b(+b,.#-,b0!+b-!b+%_0(+%b',0+b-(b*.,-"(',b(-'b",bW -b)',HXb
!+,b-!b*.,-"('b%+%2Ib'b&$b,.+b/+2b!("b!,b(-!b-!b0!-b'b0!2b)+-,Hb
-b.)bb)--+'b&(' b!(",b'b,-"$b-(b-!b)--+'Hb

b
 '$!$
-
(!$



()(





b
=@81C9J5
9=@?BD1>D
G?B4C

'b)!+,"' b*.,-"(',Ib&)!,"3b,&%%b+."%b0(+,b('b0!"!b-!b&'"' b(b-!b
*.,-"('b)',a0(+,b-!-b(.%b.,b-!b%+'+b-(b&","'-+)+-b-!b*.,-"('b"b'(-b
+b(++-%2Hb+b",b'b1&)%Jb
$/(;
0;,4
0:
56;
(5
,?(473,
6-
964+0)<3(;065



()(

,.%%2b-!b&(,-b+"-"%b0(+,b+b+/+,"' b(+b(',-+"'"' b0(+,Jb#$)Ib$#!.Ib*()Ib$#Ib
'()Ib!()Ib'b,(b(+-!Hb&)!,"3b-!b0(+Ib.-b'(-b2b.'+%"'"' b"-Ib,b%+'+,b+b
%"$%2b-(b"'-+)+-b.'+%"'b0(+,b,b!2)+-1-b%"'$,Hb

C;
1@@<931D9?>B5<1D54
AE5CD9?>C

!+,b2(.+b*.,-"(',b,(b-!-b-!2b+,&%b-!b$"',b(b","(',b%+'+,b0"%%b!/b-(b
&$b0!'b))%2"' b-!b$'(0% b'b,$"%%,b2(.b+b-!"' Hb!+,b*.,-"(',b,(b-!2b
+_+-b0!-b0(.%b-.%%2b(.+b('bb#(Hb+b+b,(&b,. ,-"(',Jbb

)5D
D85
C35>5

-b-!b,'b.,"' b*.,-"(',b-!-b&" !-b(&b+(&bb.,-(&+Ib-!b(,,Ibb,.(+"'-Ib
'b' +2b(_0(+$+Ib(+bb+"'Hb

 H)b
H-b

b
b

b2(.b''(-b"& "'b-!b*.,-"('b"' b,$b"'b-!b+%b0(+%Ib-!'b0!2b+b2(.b,$"' b

"-b"'bb-,-Mb

(b',.+b2(.b+b,$"' b&(+b))%"-"('_+%-b*.,-"(',Jb

,b2(.+b*.,-"(',b('b)+(+&'b(#-"/,b+-!+b-!'b'%"' b(#-"/,bO)Hb9APHb

.-b-!b%+'+b"'-(b-!b*.,-"('Hb+,'-bb,"-.-"('b'b,$IbW!-b0(.%b2(.b(MXb


,$b*.,-"(',b-!-b+b&(+b%"_%"$b"'b0!-b-!2b+*."+b-!b%+'+b-(b"b(+b(Ib
/'b"b-!",b&',b,$"' b0+b*.,-"(',Hbb

,-%",!bb+%",-"b,'+"(Ib"'-+(.bb)+(%&Ib'b-!'b,$b,/+%b*.,-"(',b
(.-b-!-b)+(%&Hb

b




()(



'$!$
-
(!$


b
C;
9>
D85
=?45
?6
1@@<931D9?>

,-_0+"-+,b-'b-(b,$b*.,-"(',b/+%%2Hb!",b&2bb b(+b%+'+,b0!(b+b/+%Ib
.-b"-b",b'(-b"+b(+b-!(,b0"-!b%"&"-b%' . b,$"%%,Hb(+b",b"-b.+-b(+b-,$,b
)+(+&b/",.%%2b(+b)!2,"%%2Hb

 H)H

H-b

b
!b)"$_('b*.,-"('b(/b.,,b0(+,b-(b,$b(+b$'(0% b(.-bb-,$b)+(+&b
/",.%%2b'b$"'-"%%2Hb!b,"&.%-"('b&"&",b-!b+%b,"-.-"('b'b+*."+,b1-%2b-!b
,&b"%"-",Ib,b(,b-!b+%b-,$Hb

b
 '$!$
-
(!$



()(





b
-!b-!b-2)b(b-,-b*.,-"('b-(b-!b02b$'(0% b'b,$"%%,b0"%%bb))%"b-+b
%+'"' Jb

)1H**&#H 3*H.-.H+/-.#)(H

+%%2b 1-b*.,-"(',Ib,.!b,b)"$_&.%-")%Ib)"$_('Ib(+b"%%_"'_ 

-!_%'$HbO)Hb::=b-(b:;<Pb

()(

2b%(-"' b,(&-!"' b %"$_"'_)"-.+b*.,-"('bO)Hb::?PHb
(-0+b-,$b "&.%-"('b(b)+(+&"' b-!b-,$HbO)Hb;;=Pb
!2,"%b-,$b +(+&"' b-!b-,$b'b-!'b',0+"' bb) %'b
*.,-"('b(.-b-!b+,.%-,bO)Hb9;>PHb
$"' b2,_'(b +.^%,b*.,-"('b,b('b"'(+&-"('b.,b-(b&$b-!b
","(',b ","('HbO)Hb:::Pb
b

1C5
AE5CD9?>C
?>
1
C35>1B9?

(b&$b-,-"' b&(+b'  "' b'b&(+b)+"-"/b(b+%_0(+%b)+(+&'Ib,b
*.,-"(',b('bb,'+"(Hb $b-!b,'+"(bb,"-.-"('b-!-b%+'+,b1)-b-(bb'b-!-b
+*."+,b0!-b2(.b+b-!"' Hb!",b1&)%Ib+(&bb((_,-2b(.+,Ib+*."+,b-!b
%+'+b-(b"b0!-b-(b(b0"-!bb(($b-.+$2b-!-b0,b%-b((%"' b('bb$"-!'b-%Hbb

b
!b%+'+b'b -b"'(+&-"('b+(&b-!b,'Ib(+b1&)%Ib2b%"$"' b('b-!b!Hb(-b
%%b"'(+&-"('b0"%%bb!%).%a#.,-b%"$b"'b-!b+%b0(+%Hb!b%+'+b'b1&"'bb'(-b
%-b2bb)+/"(.,b!Hb.!bb'(-b&2b+/%b+"-"%b-"%,b'(-b"&&"-%2b(/"(.,Hb
!b%+'+b'b%,(b1&"'b0%%b)(,-+,Hb!,b+)+,'-b#(_",b(&&('%2b/"%%b

b




()(



'$!$
-
(!$


b
"'b(&&+"%b$"-!',Hb!b%+'+b'b%,(b1&"'b-!b%($b-(b -b-!b-"&b(+b-!b
-!+&(&-+b-(b -b-!b.++'-b-&)+-.+b(b-!b-.+$2Hbb
2b1&"'"' b-!b,'Ib-!b%+'+b -,b'(. !b"'(+&-"('b-(b&$bb!("Hb+(' b
!(",b "/b(++-"/b$Hb(++-b!(",b('"+&b-!b%+'+V,b","('Hb

!-b(,b"-b-$b-(b&$bb,'+"(_,b*.,-"('Mb"+,-Ib-!b,'+"(b&.,-b+*."+b
%+'+,b,(%/bb)+-"%b)+(%&Hb!b)+(%&b",b,b('bb,)""b,"-.-"('b+-!+b-!'b
b '+%b(+b,-+-b('"-"('Hb!b,'+"(b&2b"'%.b!.&'b!+-+,b0!(b&2b
/",b-!b%+'+Hb!,b!+-+,b&2b%,(bb!%%' b2b&",%"' b(+b",-+-"' b
-!b%+'+Hb!b%+'+b&2b!/b,,b-(b '+%b++'b&-+"%,b-!-b0(.%bb
/"%%b"'b-!b+%b,'+"(Hbb
!b)("'-b",b-!-b-!b%+'+b&.,-b"'/,-" -b,'+"(_,)""b-"%,b.,b-!b(++-b
!("b)',b('b-!,b-"%,Hb
,bb+,.%-Ib-!b%+'+b''(-b,"&)%2b',0+b,b('b
'+%b)+"'")%,b.-b&.,-b))%2b-!b)+"'")%,b-(b-!b,)""b-"%,b(b-!b,'+"(Hb

+-"' bb,'+"(_,b*.,-"('b",b&(+b0(+$Ib.-b%+'+,b))+"-b-!b.-!'-"b
!%%' b'b,)(',(+,b))+"-b-!b.+-b)+"-"('b(b.-.+b#(b)+(+&'Hbb

F?94
3?==?>
=9CD1;5C

'1)+"'b-,-_0+"-+,b(-'b0+"-b*.,-"(',b-!2b%-+b+ +-Hb -V,b+/"0b,(&b
(&&('b&",-$,b'b,b!(0b-(b/("b-!&Hb

&B5F5>D
?2C?<5C35>35


/("b*.,-"(',b0!(,b',0+,b&2b!' b(/+b-"&Hb 'b+)"%2b!' "' b"%,Ib'0b
/%()&'-,b(+bb'0b/+,"('b(b,(-0+b'b!' b-!b',0+b-(b,.!b*.,-"(',Hb

 H)H
H-H

b b

5
31B56E<
G85>
1C;9>7
12C?<ED5
AE5CD9?>C


,(%.-b*.,-"(',b,,.&b+" "b- (+",b0"-!b+3(+_,!+)b(.'+",Hb0+b
*.,-"(',b%"$b-!,Jb
9,
'''''''''''
,=,9
'''''''''

:
''''''''''
(3>(@:
''''''''''

9,
(33
''''''
''''''

b
 '$!$
-
(!$



()(





b

b,"' %b1)-"('b!' ,b-!b',0+Hb +'+,b'bb*."-b%/+b"'b-+$"' b(0'b-!-b
('b(,.+Ib&"'(+Ib'+%2b.'$'(0'b1)-"('b2(.b(+ (-b(.-Hb

/("b,(%.-b0(+,b"'b*.,-"(',b'b',0+,Hb
,(%.-b0(+,b"'%.b!!Ib+'.Ib
#)'!.Ib+'.$.Ib$"%!)!.Ib!)$)'Ib!,.(Ib-)!.Ib#$Ib#$#Ib#+'Ib'b#$$.Hb
%,(b
-$b+b0"-!b1-+&b0(+,b,.!b,b"$()Ib!"$()Ib#'!.Ib'!.Ib'b'!.Hb


()(

F?94
M1<<
?6
D85
12?F5N
1>4
M>?>5
?6
D85
12?F5N

$b,)"%b+b0"-!b',0+,b(b-!b(+&bW%%b(b-!b(/Xb(+bW'('b(b-!b(/HXb

b
(b2(.b,b-!b,!+,*.b%( "b"'b-!",b*.,-"('Mb" !-Hb(+bW
%%b(b-!b(/Xb-(bb-+.Ib
W('b(b-!b(/Xb&.,-b%,(bb-+.Hb.-b"bW('b(b-!b(/Xb",b-+.Ib-!'bW
%%b(b-!b
(/Xb''(-bb-+.Hb(b(&"'-"('b(b',0+,b",b%( "%%2b)(,,"%Hb

'b)"$_('b*.,-"(',Ib'bW%%b(b-!b(/Xb!("b/"(%-,b-!b(+&b(b-!b*.,-"('Ib
,.'%2b,!"-"' b+(&b)"$_('b-(b)"$_&.%-")%HbW
%%b(b-!b(/Xb",b%,(b +&&-"%%2b
"'(',",-'-b0"-!b-!b(+&b(b-!b*.,-"('Hb ',-b(b"'%."' b'bW%%b(b-!b(/Xb
!("Ib,"&)%2b!' b-!b,-2%b(b-!b*.,-"('b-(bb)"$_&.%-")%Hb

'b '+%Ib(+ (bW'('b(b-!b(/Xb'bW%%b(b-!b(/Xb,b!(",Hb.-b"b2(.b(b.,b

W'('b(b-!b(/Xb'bW%%b(b-!b(/Xb',0+,Jb


%02,b&$bW('b(b-!b(/Xb-!b%,-b!("Hb

(b'(-b.,b-!,b!(",b#.,-b-(b"%%b(.-bb%",-b(b!(",Hb+2b-(b-!"'$b(b&(+b)%.,"%b
',0+,Hb

&&+b-(b-.+'b(b-!b+'(&"3_',0+,b-.+b(b2(.+b-,-b-((%b,b"-b(.%b).-b
-!,b!(",b'20!+b"'b-!b%",-Hb

?
>?D
B5@51D
@8B1C5C
6B?=
D85
D5HD

'b)!+,"' b*.,-"(',Ib)+)!+,b+-!+b-!'b+)-b1-b)!+,,b+(&b-!b(.+,b
&-+"%,Ib-1-(($Ib(+b++'b&-+"%,Hb//2b%+'+,Ib-$"' b'b('%"'b-,-Ib'b#.,-b
-2)b",-"'-b)!+,,b+(&b-!b*.,-"('b"'-(bb,+!b' "'b'b0"-b(+b-!b+,.%-,b-(b)()b
.)Hb!+b+b-0(b1)-"(',Ib.-b-!2b+b++Jb(.b+b-!"' b.,b(bb,+!b,+/"b(+b
2(.b0'-b-(b,+!b+-!+b-!'b&&(+"3Hb

b




()(



'$!$
-
(!$


b
?G
D?
3851D
?>
1>
?><9>5
D5CD
?B
8?G
D?
@B5F5>D
3851D9>7

'2b('%"'b-,-,b+*."+b'(b,.#-_&--+b$'(0% Ib('%2bb(%%()b(b-!'"%b,//2b
'bbb(b.+"(,"-2Hb+b",b(.+b ."b('b!(0b-(b!-b('b'b('%"'b-,-a(+b-!"' ,b-(b
)+/'-b"'b('%"'b-,-,b2(.b+-Hb

#%H."H")#H.".H# ,-H ,)'H).",-b"'b%' -!Ib-('Ib,)"""-2Ib(+b +&&+Hb
',$"%%b-,-b0+"-+,b!/b-+(.%b," '"' b"'(++-b!(",b-!-b+,&%b-!b
(++-b!("Hbb

)/-H,)/(b-(b,b0!-b))+,b"'b,--.,b&,, ,b'b-((%_-"),Hbb/%()+,b"'b
-!,b-.+,b!%).%b"'b. "' b-,-,Ib.-b-!2b,(&-"&,b(+ -b-(b",%b-!b
-.+,b"'b-!b"'%b/+,"('b(b-!b-,-Hbb

(H."H1")&H#-*&3Ib"'%."' b0"'(0b-"-%,b'b%%b,&%%b)+"'-Hb b-!b-1-b(,b
'(-b "/b02b-!b',0+Ib"-b&2b&$b-!b*.,-"('b&" .(.,Ib0!"!b%+'+,b'b
.,b-(b)+(-,-b-!"+b +Hb

-H."H,)1-,H)''(HC#1H)/,Db-(b1&"'b-!b.'+%2"' b b(Hb
-'b-!b(b&2b('-"'b(&&'-,b-!-b"'"-b0!"!b!("b",b(++-b(+b0!-b
',0+b",b1)-Hbb

))%H ),H-)&/.H1),-b%"$b!!Ib!,.(Ib+'.Ib#.Ib'b#+'Hb(&)%1b,"-.-"(',b+b
,%(&b,b,(%.-b,b-,-b," '+,b-!"'$Hbb

b*.,-"(',b+b,(+b*.%%2Ib(-1,H-3H+/-.#)(-H #,-.Ib(+b1&)%Ib-+._%,b
'b)"$_('b*.,-"(',Hb(+"' b,!(.%b+%-b-!b"".%-2b(b',0+"' Ib.-b
"'1)+"'b," '+,b(-'b%$b-!b('"'b(+b$'(0% b-(b,," 'b))+()+"-b
0" !-,b-(b-,-b*.,-"(',Hbb

H#(H)/.<H*#%HC
&&H) H."H)0;Db',$"%%b," '+,b-'b-(b"'%.b-!",b!("b
0!+b"-b))%",b'b(&"-b"-b0!+b"-b(,b'(-Hbb

"-!b
___b!(",b*#%bHb"-!b
____b!(",Ib*#%HH),HHbb!2Mb.,b
-!-V,b0!+b&-.+b-,-_," '+,b).-b-!b',0+,Hb
!"'$b$b('b-,-,b2(.b!/b-$'Hb'b2(.b%",-b,(&b&(+b02,b-(b -bb--+b +b('b
b-,-b0"-!(.-b,-.2"' Mbb .,-b&$b,.+b-!,b-!'"*.,b(b'(-b0(+$b(+b-!b-,-,b2(.b
," 'Hbb

*?
3B51D5
=1>I
AE5CD9?>C
C@5396I
@1DD5B>C
69BCD

b2(.b&.,-b+-b&'2b-,-b*.,-"(',Ib(',"+b,)"2"' b)--+',b-(b ."b0+"-"' b
"'"/".%b*.,-"(',Hb+b",b'b1&)%b(b)--+',b(+b-,-b*.,-"(',b"'bb,."-b(b(.+,,b
('b,%,b,$"%%,Hb!b)+ +)!b,)"",b-!b)--+'b(+bb&"%2b(b*.,-"(',Hbbb

b
 '$!$
-
(!$



()(





b



!



 

 


 



 
   

 
   

  

 
  
  



 





46:; 3,(:;
 







  

()(

 

(**,7;()3, <5(**,7;()3,
!

  






 


 

 


 

 
  



 


 







b
!b(%Ib%$b-1-b))+,bW,b",Xb"'b-!b*.,-"('Hb!b(-!+b)",b(b-1-b+b
)%!(%+,b(+b-1-b-!-b/+",b+(&b*.,-"('b-(b*.,-"('Hbb

!b"-%"b0(+,b"'b.+%2b+,b+b!(",Hb'b0"%%bb.,b(+b!b*.,-"('Hbb
!b%" !-b +2b"-&,b,)+-b2b(+0+b,%,!,b+b%-+'-"/,Hb'b*.,-"('b.,,b-!b
"+,-b%-+'-"/b'b'(-!+b*.,-"('b.,,b-!b,('b('Hbb

!b(%b +2b0(+,b"'b,*.+b+$-,b+b"',-+.-"(',b('b!(0b-(b)"$b0(+,b(+b-!b
-.%b*.,-"('Hb2)"%%2b0(+,b"'b,*.+b+$-,b'&bb- (+2Ib,.!b,b)+(.-,Ib
+(&b0!"!b"'"/".%b"-&,b'bb)"$b(+b!b/+"-"('b('b-!b*.,-"('Hb

b,"&)%b,)""-"('b%"$b-!",b('b'b)+,+"b!.'+,b(b(',",-'-%2b)!+,b.-b
.'"*.b*.,-"(',Hb,b,.!b)--+',b0!'b2(.b!/b-(b+-b&'2b"+'-b*.,-"(',b(+b
0!'b-,-b*.,-"(',b+b0+"--'b2b,.#-_&--+b1)+-,b(+b(-!+,b0"-!(.-b,)""b
-+"'"' b"'b0+"-"' b-,-b*.,-"(',Hbb

#1;5
1>CG5B9>7
=51>9>76E<

(&b-,-,b'(.+ b%+'+,b-(b .,,b+-!+b-!'b-!"'$b(.-b-!b',0+Hb2b%",-"' b
"'(++-b',0+,Ib&.%-")%_!("b-,-,b&2b.,b%+'+,b-(b+&&+b-!b0+(' b
',0+,b+-!+b-!'b-!b+" !-b(',Hb(b/("b-!,b)+(%&,Ib'(.+ b%+'+,b-(b-!"'$b
+.%%2b(.-b-!"+b',0+,Hb $b,.+b%+'+,b.'+,-'b%%b-!"+b!(",b"'b)"$_
&.%-")%Ib)"$_('Ib'b-+.^%,b*.,-"(',Hb

b




()(



'$!$
-
(!$


b
#1;5
1<<
38?935C
@<1EC92<5

$b%%b',0+,b*.%%2b)%.,"%b-(b,(&('b0!(b!,b'(-b2-b%+'b-!b,.#-Hb $b
!b!("bb'-.+%b+,)(',b-(b-!b*.,-"('Hb(b-,-b-!b)%.,""%"-2b(b!b!("Ib+b
%(.b-!b*.,-"('Ib"&&"-%2b(%%(0b2b-!b',0+Hb(bb)%.,"%Ib%%b!(",b
,!(.%bb*."/%'-b"'b%' -!Ib +&&+b'b,2'-1Ib(&)%1"-2Ib,)"""-2Ib'b,()Hbb

!55@
1<<
1>CG5BC
12?ED
D85
C1=5
<5>7D8

$b%%b',0+,b))+(1"&-%2b-!b,&b%' -!Hb+b-b%,-b&$b,.+b-!-b-!b%(' ,-b
',0+b",b'(-b%02,b-!b+" !-b('Hb.,,b0!"!b(b-!,b',0+,b",b+" !-Jb

#1;5
1<<
38?935C
7B1==1D931<<I
5AE9F1<5>D

$b%%b!(",b +&&-"%%2b,"&"%+Hb(.%_!$b-!-b!b',0+b",b(&)-"%b
0"-!b-!b*.,-"('Ib,)"%%2b"b-!b',0+,b+b(+b,b)(-'-"%b(&)%-"(',b(bb%_
"'b)!+,Hbb

'b2(.b,)(-b-!b'(-_-((_,.-%b!"'-b"'b-!",b1&)%Mbb

,Ib
+&"%%(b",b-!b('%2b +&&-"%%2b(++-b',0+Hb(b
(++-b-!",b)+(%&Ib,"&)%2b+)!+,b-!b*.,-"('b,(&-!"' b
%"$b-!",Jb!-b",bb,,(.Mb

#1;5
38?935C
@1B1<<5<

!+,b%%b',0+,b-b-!b,&b%/%b(b,-+-"('Ib '+%"-2Ib'b +b(b(&&('b
., Hbb

b
 '$!$
-
(!$



()(





b

'b2(.b .,,b-!b+" !-b',0+b-(b

-!",b*.,-"('Mbb

%%b-!b(%(+,b+b(&&('b(',a
1)-b-!(,b"'b-!b(++-b',0+Hb 

()(

)9=@<96I
C5<53D9>7
1>CG5BC

.b-!b(+-b+*."+b-(b"'"-b-!b(++-b',0+Hb "'"&"3b-!b&(.'-b(b-2)"' b
'b-!b +b(b2_!'b((+"'-"('b+*."+Hb

-b%+'+,b!((,b-!b',0+,b"'b&.%-")%_!("b-,-,b2b%"$"' b('b-!b"-&,Hb
%"$"' b('b-!b-1-b,!(.%b!/b-!b,&b-b,b%"$"' b('b-!b,,("-b+"(b
.--('b(+b!$(1Hbb

b&.%-")%_!("b',0+,b+b)+,'-b/",.%%2Ib%-b%+'+,b',0+b2b%"$"' b('b
-!b)"-.+,Hb

(b'(-b'.&+b!(",b-!-b%+'+,b,%-b2b%"$"' b('b-!&Hb.&+,b(+b%--+,b
(+bb!("b"&)%2b-!-b-!b%+'+b,%-,b2b-2)"' b-!b'.&+b(+b%--+Hb

b
'(+-.'-%2Ib,(&b-,-_+-"('b-((%,b"',",-b('b'.&+"' b%%b',0+,Hb

!55@
38?935C
3?>39C5

(b'(-b+)-b0(+,b"'b!b',0+b-!-b(.%bb).-b"'b-!b*.,-"('Hbb

'b-!",b1&)%Ib'(-"b
!(0b&.!b-1-b",b
+)-b"'b!b
*.,-"('Hb

b




()(



'$!$
-
(!$


b

(0b'(-"b!(0b&.!b
,"+b"-b",b-(b(&)+b
-!b',0+,b0!'b-!b
+)-b"'(+&-"('b",b
+&(/Hb

&ED
38?935C
9>
1
=51>9>76E<
?B45B

",-b!(",b"'b'b(++b-!-b!%),b%+'+,b"'b-!b(++-b',0+Hb(+b1&)%Jb
H")#-=H #-.H")#-H#(H."#-H),,=H

+b'.&+,Hb +(&b%,-b-(b +-,-Hb

+b/'-,Hb !+('(%( "%b(++Hb
+2b2bb(&&('b!+-+",-"Hb '+,,b(+b+,b"'b-!-b!+-+",-"Hb
/b'(b"'!+'-b(++Hb
%)!-"%b(+b+'(&b(++Hb

H@B5CC
38?935C
C9=@<I

)b-!b'(",b(.-b(b2(.+b*.,-"(',b2b1)+,,"' b!(",b,"&)%2b'b"+-%2Hb(b'(-b
+*."+b&'-%b(+-,b#.,-b-(b.'-' %b-!b*.,-"('b(+b!(",Hb

 H)H
b-H

b b

0+b(b(&)(.'b!(",Ib(b"++%/'-b-"%,b"'b*.,-"(',b'b',0+,Ib'b(b0(+,b
(+b,2&(%,b.'&"%"+b-(b%+'+,Hb

81<<5>75
D5CDD1;5BC

((b-,-b*.,-"(',b+*."+b%+'+,b-(b-!"'$b)%2b(.-b-!b,.#-b&--+b"'b(++b-(b
++"/b-b'b',0+Hb(0/+Ib&'2b*.,-"(',b(b'(-b))+()+"-%2b!%%' b%+'+,Hb
(&b," '+,b+b,+"' b(+b('"' b/(%.'-+2b%+'+,Hb-!+,b+b& "' b-!b

b
 '$!$
-
(!$



()(





b
&2-!"%%2b+ "%b,%_,-&b(b%+'+,Hb '2b)+(%&,b(.+b0!'b ((b," '+,b
+%,,%2b "/b02b-!b',0+b-(b-!b*.,-"('Hbb

(5AE9B5
<51B>9>7

'bb-((_,2b-,-Ib%"--%b,.#-b$'(0% b",b+*."+b-(b),,b-!b-,-Ib#.,-bb$'b2Ibb



%( "%b&"'Ib'bb"-b(b%.$Hb -V,b-$bb%(($b-bb-((_,2b-,-Hb

()(

(-"b-!-b-!b"+,-b'b(.+-!b
*.,-"(',b'bb',0+b2b
%(($"' b-b-!b)"-.+Hb!b,('b
(&)+,b-!b&"'+%b-(b-!b('b
(-!+b&"'+%b0!(,b!+',,b
&(,-b)()%b+b&"%"+b0"-!Hb
(,-b)()%b(.%b',0+b-!b
-!"+b*.,-"('b2b+%%"' b-!-b
.'b",b-!b&('-!b0!'b&'2b
)()%b -b&++"b'b"&(',b
+b.,b(+b'  &'-b+"' ,Hb
!b%,-b*.,-"('b'bb
',0+b2b(''-"' b!*$')b
-(b-!b,"&"%+b0(+b!*$'(#)28b

.,b('%2b-!+b(++-b',0+,b0+b+*."+Ib%+'+,b'b%"--%b&(+b-!'b%.$b'b
%/+',,b-(b),,b-!b-,-Hb

!",b1&)%b,!(0,bb-,-b-!-b
-.%%2b+*."+,b$'(0% b(b
-!b,.#-b&--+Hb

+b-!b*.,-"(',b+b!++Hb
!+b+b&(+b!(",b)+b
*.,-"('Hb
'b-!b),,"' b,(+b
%"&"'-,b .,,"' b,bb
+,('%b,-+- 2Hb
b
b
b
(-!bb'b ((b-,-,b0+b."%-b.,"' b
(b
+&0/+b'b.,-(&b /+")-Hb"0b
1&)%,b-b!(+-('H(&^%^Hb

b
  



()(



'$!$
-
(!$


b
.))%2b'(. !b)%.,"%b!(",b,(b-!-b-!b',0+,b+b'(-b-((b,2b-(b)"$b(.-Hb+(/"b
-b%,-b-!+b)%.,"%b%-+'-"/,b,"&"%+b'(. !b-!-b-!b%+'+b!,b-(b+b-!&b
+.%%2b'b-!"'$b)%2Hb

?
>?D
79F5
1G1I
D85
1>CG5B

(b'(-b+/%b-!b',0+b"'bb0"'(0b-"-%Ib"%b'&Ib&,, Ib(+b Hb b-,-,b"'/(%/b
,+")-,b(+b1-+'%b"%,Ib&$b,.+b-!-b-!b b(+b"%b'&Ib0!"!b&2bb",)%2b"'b
-!b+(0,+V,b,--.,b+Ib(,b'(-b "/b02b-!b',0+Hb.))(,b-!b%+'+b)("'-,b-(bb
)(-'-"%b',0+b'b-!b,--.,b+b,!(0,b('b(b-!,b&,, ,Jb

(+b b
b-!b*.,-"('b,$,b0!"!b)"-.+b,!(0,bb(-!"b/"/%b,-2%b!(.,Ib&$b,.+b-!-b-!b
-"-%b(b-!b)()_.)b0"'(0b",b'(-Jb

"$0",Ibb+.%b"b-!b',0+,b+b/%.-b2b,+")-,b"'b-!b,&bb) b"'b
0!"!b%+'+,b'-+b-!"+b',0+,Hb!'"%%2b,-.-b%+'+,b(.%b/"0b-!b,(.+b(b
-!b"%b'b+b-!b,+")-,b-(b,b0!"!b',0+b",b+" !-Hbb

,1BI
I?EB
@1DD5B>

+2b-!b)(,"-"('b(b-!b(++-b',0+b"'bb%",-b(b!(",Hb
&-.+b-,-b," '+,b+b%,,b
%"$%2b-(b&$b-!b"+,-b(+b%,-b',0+b-!b(++-b('Hb$"%%.%b-,-_-$+,b0!(b'b-(b
.,,b0"%%b)"$b-!b-!"+b(b(.+b!(",Hb(+b"/b!(",Ib-!2b()-b(+b-!b-!"+b(+b(.+-!Hb
(-bb,.+b-!"' Ib.-b"-b(,b).-b-!b(,b"'b-!"+b/(+Hb(b'%23b2(.+b',0+,b-(b&$b
,.+b-!b(++-b',0+b(.+,b-!+(. !(.-b-!b+' b(b',0+,Hb+Ib.,bb-((%b-!-b'b
,!.%b',0+,b,(b-!-b!b-"&b-!b*.,-"('b))+,Ib-!b',0+,b+b"'bb"+'-b
(++Hb

%#$
'+)*%$)
*,"/

(b+-b'b-"/b-,-Ib2(.b&2b(&"'b-,-b*.,-"(',b0+"--'b,)+-%2b-b"+'-b
-"&,Ib)+!),b2b"+'-b-,-_0+"-+,Hb(.+b-,-b&2b'b-(b"'%.b*.,-"(',b-(b-,-b
&.%-")%b%+'"' b(#-"/,b(+bb!" !_%/%b(#-"/Hb!-b&.,-b2(.Ib,bb," '+Ib-!"'$b
(.-b,b2(.b(&)(,bb&.%-"_*.,-"('b-,-Mb

b
 '$!$
-
(!$



()(



 

b
C;
5>?E78
AE5CD9?>C

'%.b'(. !b-,-b*.,-"(',b-(b.+-%2b . b%+'+,Vb.'+,-'"' b"'b-!b,.#-Hb
(',"+b-!b'.&+b(b%+'"' b(#-"/,b-!b-,-b&.,-b(/+Hb(+bb,"' %Ib,"&)%b
(#-"/Ib-!+b0%%_," 'b)"$_('b*.,-"(',b&2bb*.-Hb (+b(&)%1b 


(#-"/,b0"%%b+*."+b&(+b-,-b*.,-"(',b'b&(+b,()!",-"-b-,-b*.,-"(',Hb

()(


%,(b(',"+b-!b).+)(,b(b2(.+b-,-"' Hb(b "/b%+'+,bb '+%b"'"-"('b(b!(0b
0%%b-!2b+b("' Ib2(.b'b0+b*.,-"(',b-!'b2(.b0(.%b-(b% %%2b+-"2b-!-b
%+'+,b'b)+(+&bb' +(.,b-,$Hb

('V-b(+ -b-(b(',"+b!(0b0!-b2(.b+b-!"' b0"%%bb))%"Hb b2(.+b,.#-b0"%%bb

))%"b"'b0"%2b/+2"' b,"-.-"(',Ib2(.b&2b'bb0"+b/+"-2b(b-,-b*.,-"(',b-(b
.+-%2b)+"-b%+'+,Vb"%"-2b-(b))%2b%+'"' Hb(.b''(-b(/+b/+2b,"-.-"('Ib
.-b2(.b'b,$b*.,-"(',b-!-b,)'b-!b+' b(b))%"-"('Hb

#1;5
CEB5
?>5
AE5CD9?>
4?5C
>?D
1>CG5B
1>?D85B

'bb,+",b(b-,-b*.,-"(',Ib('b*.,-"('b&2b,$b(.-bb,.#-b&'-"('b"'b'(-!+Hb
-'b('b(b-!b*.,-"(',b)+(/",b.'"'-'b"'(+&-"('b-!-b"'"-,b-!b',0+b-(b
-!b(-!+Hbb

'b2(.b .,,b-!b',0+,b-(b-!,b-0(b
*.,-"(',Mb
(-"b!(0b-!b"+,-b*.,-"('b)+(/",bb
%.b(+b-!b,('b*.,-"('Ib0!"!b
)+(/",bb%.b(+b-!b"+,-b*.,-"('Hb

$b*.,-"(',b"')''-Hb
',0+"' b('b*.,-"('b,!(.%b'(-b-bb%+'+V,b"%"-2b
-(b',0+b,.,*.'-b*.,-"(',Hb $b,.+b-!-b-!b0(+"' b(b('b*.,-"('b'b"-,b
',0+,b(b'(-b"&)%2b-!b',0+,b-(b,.,*.'-b*.,-"(',Hbb

b
 



()(



'$!$
-
(!$


b
)5AE5>35
D5CD
AE5CD9?>C
56653D9F5<I

(,-b-,-,b(',",-b(bb,*.'b(b*.,-"(',Hb(',"+b!(0b,)+-b*.,-"(',b+b,-b
(&"'b(+bb(&)+!',"/b-,-Hb

-%H'/&.#*&H+/-.#)(-H)/.H)(H-(,#);b(+b(&)%1b,.#-,Ib+-bb,+",b(b-,-b
*.,-"(',b,b('b-!b,&b,"-.-"('Ib,'+"(Ib(+b,+")-"('Hb $b"-b,2b(+b-!b
%+'+b-(b++b-(b-!b(+" "'%b1)%'-"('Hb"-!+b",)%2b-!b,'+"(b"'bb,)+-b+&b
(+b0"'(0b+(&b-!b*.,-"(',b(+b%"'$b$b-(b-!b(+" "'%b1)%'-"('b+(&b!b*.,-"('Hb
)-b,%"'-b-,b"'b!b*.,-"('Hb

'*H/*H."H# #/&.3;b -b%+'+,b0+&b.)b('b,"&)%b*.,-"(',Hb +'+,b0!(b''(-b

',0+b'2b(b-!b"+,-b-!+b*.,-"(',b+b%"$%2b-(b,)"+b'b'(-b,"'+%2b-+2b%-+b
(',Hb+Ib-!2b&2b,)'b,(b&.!b(b-!"+b-"&b('b-!b"'"-"%b"".%-b*.,-"(',b-!-b-!2b
(b'(-b -b-(b-!b,2b(',b0"-!"'b-!b-"&b%"&"-b(b-!b-,-Hb+2b-!b"".%-2b(b-,-b
*.,-"(',b,(b-!-b'(b('b(&)%-%2b"%,b'b2-b0b -bb)+-b,(+Hb-+-b0"-!b-!b
,"&)%+b*.,-"(',Hb 'b-!-b02Ib%+'+,b-,-b,.,,b'b+b&(-"/-b-(b('-"'.b
-+2"' Hbb

*H."H-+/(H-"),.Hb0b)()%b%"$b%(' b-,-,Hb(.+b(+b"/b*.,-"(',b&$bb'"b
)()b*."3Hb
b(3'b+b'(. !b(+b%&(,-b'2b,*.'Hb
b-,-b('-"'"' b&(+b-!'b9=b
*.,-"(',b",bb)(%"b"'-++( -"('Hb b2(.b%b-!,b%"&"-,b+b-((b+,-+"-"/Ib+$b2(.+b
-,-b"'-(b&.%-")%b,!(+-b-,-,b'b,)+"'$%b-!&b&(' b-!b)+,'--"('b(b&-+"%Hb

(&H(0#!.#)(Hb b)+-"%Ib%-b%+'+,b,$")b$b'b(+-!b&(' b-!b*.,-"(',Ib

',0+"' b-!b(',b-!2b'b'b,$"))"' b(/+b-!b(',b-!2b''(-Hb"-!+b).-b%%b-!b
*.,-"(',b('-(b-!b,&bb) b(+b"'%.b'/" -"('b.--(',b-(b,$")b&(' b-!b) ,b
(bb-,-Hb $b,.+b-!-b,$"))"' b(/+bb*.,-"('b(,b'(-b%($b"'b'b',0+b.'-"%b-!b
-"&b%"&"-b1)"+,Hb

,1BI
D85
6?B=
?6
AE5CD9?>C
1>4
1>CG5BC

(b$)bb,+",b(b*.,-"(',b+(&b(&"' b&('(-('(.,Ib/+2b-!b,-2%b'b)!+,(%( 2b
(b-!b*.,-"(',b'b',0+,Hbb

#2H# ,(.H ),'-H) H+/-.#)(-Jb)"$_&.%-")%Ib"%%_"'_-!_%'$,Ib&-!"' b%",-Ib
)+(+&'Hb "1b"+'-b&"Hb
,$b*.,-"(',b/",.%%2b'b/+%%2Hb

-#!(H"H+/-.#)(H.)H.-.H ),HH# ,(.H)'')(H'#-)(*.#)(Hb
,$b"+'-b
$"',b(b*.,-"(',Ib,.!b,b0!-Ib0!'Ib0!2Ib0!+Ib'b!(0Hb

,3H."H ),'H) H+/-.#)(-Hb
,$b%+'+,b-(b)"$b-!b+" !-b',0+Hb!'b-!b('b0+(' b
',0+Hb!'b-!b,-b',0+Hb
,$b0!"!b(bb%",-b(b,--&'-,b(b))%2Ib-!'b0!"!b
(b'(-b))%2Hb

,3H."H*)-#.#)(H) H."H),,.H(-1,b"'b&.%-")%_!("b%",-,Hb(0/+Ib"b,/+%b
*.,-"(',b!/b-!b,&b%",-b(b',0+,Ib(b'(-b/+2b-!b(++b(b-!b',0+,Hb

b
 '$!$
-
(!$



()(



 

b


,,(!H.-.H+/-.#)(-H#(HH*,#.&H*..,(;H(+b1&)%Jb)"$_('Ib)"$_('Ib)"$_
('Ib)"$_&.%-")%Ib)"$_('Ib)"$_('Ib)"$_('Ib)"$_&.%-")%Ib'b,(b('Hb +'+,b
,!(.%b(''-+-b('b-!b*.,-"(',Ib'(-b-!"+b(+&-Hb
.!b).+)(,.%b/+"-2b&$,b-,-"' b&(+b+(.,-Hb!b+,.%-,b(b'(-b)'b('b
%+'+,Vb/+%b,$"%%,b(+b"%"-2b-(b',0+b('b$"'b(b*.,-"('Hb


()(

,
)$$*
!


-+b%+'+,b',0+bb*.,-"('Ib-!2b+/b$Hb"b b -b-!b+" !-b',0+Mb(Mb
!2b'(-Mb!-V,b0+(' b0"-!b&2b',0+Mb!-b"b b&",.'+,-'Mb(0b'b b(++-b
&2b&",.'+,-'"' Mb+(/"b,.!b$Hbb

(5@?BD
D5CD
C3?B5C
C9=@<I


,b,(('b,b)(,,"%Ib-%%b%+'+,b!(0b0%%b-!2b"b('b-!b-,-Hb(+b1&)%Jb
65.9(;<3(;065:
%6<
7(::,+

69
!699@
%6<
-(03,+


%6<9
:*69,
 
(::05.
:*69,
 

%6<9
:*69,

(::05.
:*69,
 


65;05<,
>0;/
;/,
5,?;
3,::65
,=0,>
;/,
:<44(9@
(5+
9,;(2,
;/,
;,:;

%"/b-!b'1"-2b'b%-b-!b%+-"('b(+b+&"-"('b "'Hb)(+-b,(+,b,"&)%2b'b
"+-%2Hb%%b%+'+,b-!+b-!"' ,Jb-!"+b,(+,Ib-!b),,"' b,(+Ib'b-!b-b(b-!"+b
,(+,Hb +'+,b-!'b$'(0b!(0b0%%b-!2b"b'b0!-b-!2b,!(.%b(b'1-Hb

&B?F945
3?=@<5D5
9>6?B=1D9?>

,-,b'b-!b-((Hb$b('b-,-b*.,-"(',b'b(++-b&",.'+,-'"' ,b'b
. &'-b$'(0% Hb(+b!b',0+Ib(',"+b"'%."' Jb

"H+/-.#)(Hb)-b(+b+_",)%2b-!b*.,-"('Hb b*.,-"(',b+b'.&+Ib"'%.b
-!b*.,-"('b'.&+Hb

#!".F1,)(!H &!Hb
/("b/ .',,Hb(b'(-b,2bW
%&(,-Xb(+bW(-b*."-Xb.-b,"&)%2b
W+(' Xb(+bW '(++-HXb

"H),,.H(-1,Hb(b'(-b&$b%+'+,b+)-%2b',0+bb*.,-"('b!()"' b-!2b
.,,b-!b+" !-b',0+Hb
b"/_!("b)"$_&.%-")%b*.,-"('b'bb',0+b;:b02,Hb
!-V,bb%(-b(b .,,"' Hb

"H&,(,B-H(-1,Hb +'+,b&2b'(-b!/b'-+b0!-b-!2b-!(. !-b-!2b"Hb

"3H."H),,.H(-1,H#-H,#!".bO'Ib"b',,+2Ib0!2b-!b%+'+V,b',0+b",b0+(' PHb

#(%H.)H."H),#!#(&H*,-(..#)(b(+bb+&"%b('b('b-!",b,.#-Hb
%,(b"'%.b
"',-+.-"(',b('b!(0b-(b+,.&b-+b+/"0"' b-!b&-+"%Hb

b
 



()(



'$!$
-
(!$


b

+b",bb,"&)%b1&)%b(b!%).%b
$Hb -b''(--,b-!b%+'+V,b
',0+b-(b)+(/"b-!b',,+2b
$Hb

+"%2b$'(0% b+" !-b',0+,Hb%%b%+'+,b-!2b0+b+" !-Hbb'-!.,",-"Ib.-b(b

'(-bb.,"/Hb(+b)(,"-"/b$Ib%%b2(.b'b-(b,2b",bW(++-IXbW" !-IXb(+bW,HXb

'2-!"' b&(+b0(.%b"'-++.)-b-!b%+'+V,b&(&'-.&Hb

b2(.+b)+"&+2b (%b",b-!"' b+-!+b-!'b&,.+&'-Ib2(.b&2b0'-b-(b" '(+b-!",b

/"b'b,.))%&'-b-!b$b(+b+" !-b',0+,Hb(.b&2b0'-b-(b-%%b-!b%+'+b
0!2b-!b+" !-b',0+b0,b+" !-bO-!b%+'+b&2b!/b .,,PHb
(+b+" !-b',0+,Ib2(.b'b!%%' b%+'+,b-(b-!"'$b(.-b!(0b-!2b (-b-!b+" !-b
',0+b'b-(b(',"+b(-!+b&-!(,Hb
0./;
6>
+0+
@6<
.,;
@6<9
(5:>,9
0+
@6<
*(3*<3(;,
0;
05
@6<9
/,(+
"/,
4(;/
>(:

79,;;@
:0473,
$/(;
>6<3+
@6<
+6
-69
(
469,
*6473,?
*(:,

!b$b(+bb(++-b',0+b'b-!b"-"('%b"'(+&-"('Hb(.b%+2b!/b-!b
--'-"('b(bb!))2Ib+)-"/b%+'+Hb,b"-Hbb

(-"b!(0b-!",b1&)%b,b
+%-b"'(+&-"('Mb

)b-!b$b+"Ib(+b-!b%+'+b0"%%b'(-b+b"-Hb (,-b(b-!b-"&b%+'+,b+b
,-","b-(b$'(0b-!2b (-b-!b*.,-"('b+" !-Hb

b
 '$!$
-
(!$



()(



 

b
5>D<I
3?BB53D
GB?>7
1>CG5BC

(+b'b"'(++-b',0+Ib '-%2b.-b%+%2b)("'-b(.-b-!b)+(%&Hb%)b%+'+,b(/+(&b
-!"+b&",(')-"(',Hb



+C5
1
>5EDB1<
D5B=

()(

(+b' -"/b$Ib.,bb'.-+%b-+&Ib,.!b,bW"'(++-Xb0"-!(.-b'2b1%&-"('b
)("'-,Ib)%,Hb(.b'b%,(b.,bW,(++2Xb(+bW'(-b*."-IXb%-!(. !b-!,b&2b,&bb"-b
)-+('"3"' Hb(b'(-b,2IbWNNNXb(+bW(-!Xb(+bW b('V-b-!"'$b,(HXb

*5<<
G8I
1>CG5BC
1B5
GB?>7

%%b%+'+,b0!2b-!"+b',0+,b0+b0+(' Hb(+b)"$_&.%-")%b*.,-"(',Ib&$b%+b0!2b
!b!("b0,b+" !-b(+b0+(' Hb

?
>?D
5=21BB1CC
?B
9>CE<D
D85
<51B>5B

(b'(-b,!(.-b-b)()%b"b-!2b -b,(&-!"' b0+(' a'(b%,!"' b!%"',b(+b
&++,,"' b'(",,Hb

(0b0(.%b2(.b%"$b-(b+"/b-!",b
$Mb!b0(+b!b))+,b"'b
b%((b+b(%(+b'b#" %,b('b-!b
,+'Ib(&)'"b2bb!(+.,b(b
((,Hb
%,(b'(-"b-!b(','"' b
-('Hb
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




()(



'$!$
-
(!$


b
3;>?G<5475
@1BD91<
CE335CC

"/b%+'+,b+"-b(+b-!b*.,-"(',b-!2b (-b+" !-Hb'(.+ b%+'+,b-(b-+2b "'Hb"/b
-!&b!(",b,(b-!2b%b"'b('-+(%Hb(-"b!(0b-!",b$b$'(0% ,b'b%&(,-_
),,"' b,(+b'b,. ,-,b%-+'-"/,b(+b!(0b-!b%+'+b,!(.%b)+(Hb

F?94
G9=@I
6554213;

(&)+b-(b-!b(&).-+b &,b-!-b)%2+,b%(/Ib&.!b_%+'"' b "/,b-"&"b
$Hb 'bb &Ib2(.b%02,b$'(0b1-%2b!(0b0%%b2(.b+b("' Hb b2(.b"%b-(b
)+(+&Ib-!b &b&($,b2(.b(+b2(.+b!+-+b",Hb b&b'(-b,. ,-"' b0b.,b(+b
"&-b(.+b%+'+,Kb#.,-b(',"+bb"-b&(+b"+-b))+(!Hb
/("b0$b'b/ .b
$b&,, ,b%"$b-!,Jb
66+
;9@
)<;
@6<
*6<3+
/(=,
+65,
),;;,9

$,C9,
:699@
)<;
;/(;
0:
56;
;/,
),:;
(5:>,9

346:;
$6<3+
@6<
302,
;6
;9@
(56;/,9
.<,::

36:,
6/
:6
=,9@
=,9@
*36:,

/
;66
)(+

<44,9

"&)%2b,2bW" !-Xb(+bW+(' Xb'b1)%"'b0!2b-!b',0+b0,b+" !-b(+b0+(' Hb

9F5
6554213;
1D
D85
B978D
D9=5

!'b0"%%b2(.b-%%b%+'+,b!(0b-!2b,(+b('b-!b-,-Mb(('+b",b--+Ib.-b,(&-"&,b
%2,b+b',,+2b/'b0"-!b.-(&-"b,(+"' Hb(.b'b%"/+b$b.-(&-"%%2b
-+b!b*.,-"('b(+b-+b-!b0!(%b-,-Hb+Ib2(.b'b%"/+b$b-+b/%.-"('b
2bb!.&'b"' Hb!",b,-"('b",.,,,b-!b&+"-,b(b!b))+(!Hb

b
 '$!$
-
(!$



()(





b
6D5B
5138
AE5CD9?>

(+"' b!b*.,-"('b,b-!b%+'+b',0+,b"-b)+(/",b"&&"-b$b.-b'b
"'-++.)-b-!b%(0b(b-!b-,-Hb 'b '+%Ib b)++b-!",b))+(!Hb -b&$,b-,-,b&(+b.'b
'b)+/'-,b&",(')-"(',Hb -b&$,b-,-,b,&bb"-b&(+b%"$b &,Hbb



&&"-b$b(++-,b&",(')-"(',b(+b-!2b-$b.)b+,"'b"'b-!b%+'+V,b

()(

+"'Hb b$b(&,b('%2b-+b',0+"' bb0!(%b,+",b(b*.,-"(',Ib%+'+,b0"%%b
!/b-+',++b-!"+b',0+,b-(b%(' _-+&b&&(+2b(+b-!2b+%"3b0!"!b0+b
0+(' Hb &&"-b$b%,(b$),b-!b%+'+b+(&b&",,"' b,/+%b+%-b*.,-"(',b
.,b(bb,"' %Ib,"&)%b&",.'+,-'"' Hb

--"' b$b)"&%Ib!(0/+Ib'b&$b-!b-,-b-$b%(' +b'b)+(/b+.,-+-"' b

-(b"&)-"'-b%+'+,Ib,)"%%2b(',b0"-!bb!" !b%/%b(b$'(0% b0!(b -b0b
*.,-"(',b0+(' Hb &&"-b$b'b%,(b&$b"-b!++b(+b%+'+,b-(b',0+bb
,+",b(b%(,%2b+%-b*.,-"(',Hb '-++.)-"(',b(+b$b+$b-!b('-"'."-2b(b-!b
-,-Hb b2(.b(b!((,b-(b)+(/"b$b-+b!b',0+Jb

$b!b*.,-"('b(&)%-b"'b"-,%Hb
-+b+"' b-!b$Ib%+'+,b+b.'%"$%2b
-(b+&&+b-"%,b(b-!b)+"' b*.,-"('Hb

-b%+'+,b,$")b(/+b%' -!2b$b(+b(++-b',0+,Hb $b-!b$b+"b
'b%-b%+'+,b%"$bb.--('b-(b/'b-(b-!b'1-b*.,-"('Hb

(b'(-b+/%b-((b&.!Hb 'b-!b$b-(b('b*.,-"('Ib(b'(-b "/b02b-!b',0+b
-(b'(-!+b*.,-"('Hb

(b'(-b+*."+b"&&"-b+&"-"('Hb-!+0",b%+'+,b0(.%b"%b(.-b(b-!b-,-b
-+b-!"+b"+,-b0+(' b',0+Hb
-b-!b'b(b-!b-,-Ib)+(/"bb+)b0"-!b%"'$,b-(b%-b
%+'+,b+/"0b&-+"%b(+b*.,-"(',b-!2b (-b0+(' Hb

b-!b-,-b",b-"&Ib,-()b-!b-"&+b0!"%b-!b%+'+b",b --"' b$b'b+,-+-b"-b
('%2b0!'b-!b%+'+b/',b-(b-!b'1-b*.,-"('Hb $b,.+b%+'+,b.'+,-'b
-!-b-!2b'b-$b%%b-!b-"&b-!2b0'-b-(b+b$Hb

6D5B
D5CD
9C
3?=@<5D5

(,-)('"' b/%.-"('b.'-"%b%+'+,b!/b',0+b%%b*.,-"(',b",b&(+b""'-b'b
&(+b('(&"%Ib.-b%,,b.'Hb2b/%.-"' b',0+,b('%2b-b-!b'b(b-!b-,-Ib2(.b
+.b-!b'.&+b(b,+',b-!b%+'+b&.,-b/"0b'b-!b-"&b+*."+b-(b-$b-!b-,-Hb
+'+,b'b*."$%2b'/" -b$b'b(+-!b&(' b-!b*.,-"(',Ib',0+"' b-!&b-b
0"%%Hb
$b-b-!b'b'b(&&'-b('b.'+,-'"' b(b-!b0!(%b,.#-b(b-!b-,-Hb2b
/%.-"' b-b-!b'Ib2(.+b$b'bb&(+b-+ -Hb b,/+%b*.,-"(',b-,-b-!b
,&b(')-Ib%+'+,b,b-!b$b#.,-b('Ib'(-b(/+b'b(/+b "'Hbb

b




()(



'$!$
-
(!$


b
(0/+Ib)(,-)('"' b/%.-"('b'b)+(/b+.,-+-"' b-(b,(&b%+'+,Hb
",.'+,-'"' b('b*.,-"('b'b.,b-!&b-(b&",,b(-!+b*.,-"(',Hb.,,b0!(&b
-!2b%&Nb
b2(.b(b," 'b-,-,b0"-!b/%.-"('b('%2b-b-!b'b(b-!b-,-Ib(%%(0b-!,b(&&('_
,',b ."%"',Jb

$b*.,-"(',b"')''-b'b,%_('-"'Hb ",.'+,-'"' b('b*.,-"('b
,!(.%b'(-b%,,'b!',b(b --"' b(-!+b*.,-"(',b+" !-Hb

)b-,-,b,!(+-Hb +'+,b,!(.%bb%b-(b(&)%-b-!b0!(%b-,-b"'b98b-(b9=b
&"'.-,Hb


-b-!b'Ib)+(/"b%+b$b('b*.,-"(',b-!b%+'+b (-b0+(' b0"-!b%"'$,b-(b-!b
(+" "'%b&-+"%b(+b-(b'0b&-+"%b('b-!b,.#-Hb

6D5B
1
45<1I
6?B
8E=1>
5F1<E1D9?>

bb-,-b*.,-"('b",b(&)%1b'b-!b-!+b(+b%%(0b%+'+,b&.,-b+.%%2b(',"+b"-,b
',0+Ib"&&"-b$b",b'(-b)(,,"%Hb(+b1&)%Ib-!b',0+b&.,-bb-+',&"--b
-(b'b/%.-(+b0!(b,(+,b"-b'b,',b$bb+)%2Hb!+(0b"'b-"&b3(',Ib0$',Ib
!(%"2,Ib'b0(+$b)+"(+"-",Ib'b-!b%2b'bb,/+%b2,Hb

(+b-,-,b0"-!b%2b/%.-"('Ib.,b-!b,-+' -!,b(b!.&'b/%.-"('b-(b(,-b-!b
)+(%&,b.,b2b-!b%2Hb

"/b)+"(+"-2b-(b,(+"' b-,-,Hb.+'-b<@_!(.+b-.+'+(.'b"b2(.b'b(b,(b0"-!(.-b
(&)+(&","' b-!b*.%"-2b(b/%.-"(',Hb"'b,-'_"',b"b-!+,b+b.'/"%%Hb
(',"+b!/"' b%+'+,b)+(+&b'('_+"-"%b/%.-"(',Hb,b)+-b(b-!b"'%b +b
('b-!b)+(&)-',,b'b*.%"-2b(b,.!b/%.-"(',Hb

-b%+'+,b)+(b0"-!b-!b_%+'"' Ib/'b"bb),,"' b +b",b'(+&%%2b+*."+b
(+b "''"' b-!b'1-b%,,('Hb

!.%b-,-,b('b2,b0!'b-!b/%.-(+b0"%%bb%b-(b+,)('b"&&"-%2Hb(&b
-!+,b%"$b-(b,!.%b-,-,b('b+"2b,(b-!-b-!2b'b +b-!&b.+"' b-!b*."-b
-"&b(/+b-!b0$'Hb

+'b%+'+,b(.-b)(-'-"%b%2,Hb b%+'+,b"b0!'b-(b-$b-,-,Ib).%",!bb
%'+b"'"-"' b0!'b-!b-!+b0"%%bb/"%%b-(b +b-,-,Hb'b(.+,b!b
-!",b)(%"2JbW(.b0"%%b+"/b2(.+b +b0"-!"'b-0(b.,"',,b2,b-b-!b("b(b-!b
-!+HXb

b
 '$!$
-
(!$



()(





b

,$
/%+(
*)*$

(&"'b/'b-.+,b(b('%"'_-,-"' b-((%,b'b,()!",-"-b-,-"' b-!'"*.,b-(b
&(+b.+-%2b&,.+b)+(+&'b'b-(b)+(/"b%+'+,b0"-!b--+b$Hb



9>D
69BCD

()(

',-b(b "/"' b-!b(++-b',0+b,b$b-(b'b"'(++-b .,,Ib(',"+b",)%2"' b
b!"'-b'b!%%' "' b-!b%+'+b-(b-+2b "'Hb+b"'%.bb#(.b.--('b-(b%-b%+'+,b
+*.,-bb%"--%b!%)b',0+"' b-!b*.,-"('Hb

(-"b!(0b%"$"' b('b-!b
#(.b.--('b+/%,bb-b-!-b
&$,b',0+"' b-!b*.,-"('b
,"+Hb
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b
.,-(&b /+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

+C5
14F1>354
D5CD9>7
31@129<9D95C

b'b.,b(&).-+b)"%"-",b-(b&$b-,-"' b"++b'b&(+b,()!",-"-Hbb'b
)"$b*.,-"(',b+(&bb)((%b(b/"%%b*.,-"(',b'b'b+'(&"3b-!b(++b(b
*.,-"(',b'b!(",b0"-!"'b*.,-"(',Hb!,b)"%"-",b+*."+bb-,-"' b-((%b-!-b
)+(/",b-!,b-.+,b(+b('b-!-b"'%.,bb,+")-"' b(+b)+( +&&"' b%' . b2(.b'b
.,b-(b"&)%&'-b-!,b-.+,b2(.+,%Hb

b
 



()(



'$!$
-
(!$


b
&??<
D5CD
AE5CD9?>C

'b&*()$#7%$$!#Ib-,-b*.,-"(',b+b).%%b+(&bb)((%b(b/"%%b-,-b*.,-"(',Hb!-b
",Ib-!b-,-b," '+b+-,b&(+b-,-b*.,-"(',b-!'b',,+2b(+bb,"' %b-,-Hb!b-,-b
%"/+2b,2,-&b-!'b,%-,b*.,-"(',b+(&b-!b)((%b-b-!b-"&b-!b-,-b",b%"/+Hb(+b
1&)%Ib,.))(,b0b!/b+-b.,-"(',b
b-!+(. !bb('bb,.#-Hb,-,b('b-!",b
,.#-b(.%b).%%b*.,-"(',b+(&b-!-b)((%b,b(%%(0,Jb




 


 


 




  


 
  


 
  


 
  




  


 
  


 
  


 
  




  


 
  


 
  


 
  




  


 
  


 
  


 
  



b b b b

!'b,!(.%b2(.b.,b*.,-"('_)((%"' Mb.,-"('_)((%"' b",b +-b0!'b-,-,b+b-$'b

&(+b-!'b('Hb2b+0"' b*.,-"(',b+(&bb)((%Ib0b&$b,.+b-!-b-!b%+'+b(,b
'(-b,b1-%2b-!b,&b*.,-"(',b-"&b'b-"&b "'Hb!",b",b,)"%%2b"&)(+-'-b0!'b
0b+b.,"' b)+_b'b)(,-_%+'"' b-,-,b-(b&,.+b%+'"' Hb b-!b)(,-_-,-b&+%2b
+)-b-!b*.,-"(',b+(&b-!b)+_-,-Ib0b0(.%b'(-b$'(0b0!-!+b+,.%-,b"'"-b
%+'"' b(+b#.,-b&"%"+"-2b0"-!b-!b-,-b*.,-"(',Hb.,-"('_)((%"' b",b%,(b.,.%b0!'b
%+'+,b&2b'b-(b+-$bb-,-Ib(+b"',-'Ib-+b"%"' bb"+,-b--&)-Hb

'(-!+b.,b(+b*.,-"('_)((%"' b",b-(b&$b!-"' b!++Hb'b,-.'-b''(-b-%%b

'(-!+b,-.'-b0!-b*.,-"(',b+b('b-!b-,-Hb

.,-"('_)((%"' b'b)(,b,(&b)+(%&,b(+b-,-b," '+,Hb -b-!0+-,b," '+,b0!(b

0'-b*.,-"(',b-(b))+b"'bb,)""b(++Hb '2b," '+,b0'-b-(b,-+-b0"-!b,"&)%+b
*.,-"(',b(+b&(+b"".%-b*.,-"(',b(+b-(b).-b*.,-"(',b"'bb%( "%b(+b!+('(%( "%b
(++Hb"-!b*.,-"('_)((%"' Ib('b*.,-"('b''(-b."%b('b(+b++b-(bb)+/"(.,b
*.,-"('Hb b-,-b,(+,b+b-(bb(&)+%b-0'b,-.'-,b'b(+"' ,b(b-!b-,-Ib%%b
*.,-"(',b"'b-!b)((%b&.,-bb(b-!b,&b"".%-2Hb"-!b*.,-"('_)((%"' b-!+b",bb
,--",-"%b)(,,""%"-2b-!-b-!b*.,-"(',b('b'b"'"/".%b-,-b0"%%b'(-b(/+b-!b,.#-b
/'%2Hb
('V-b(+ -b-!-b*.,-"('_)((%"' b+*."+,b-,-b," '+,b-(b+-b&(+b*.,-"(',Hb!",b
+*."+,b&(+b+,+!Ib'%2,",Ib'b-,-"' Hb. -b'b,!.%b(+"' %2Hb

b+"-"%b*.,-"('b-(b,$b",b!(0b*.,-"(',b+b,%-b+(&b-!b)((%Hb'b02b",b
+'(&%2Hb
'(-!+b02b))%",bb,!&Ib,.!b,b)"$"' b*.,-"(',b+(&b,)+-b)((%,Ib
',.+"' b-!-b*.,-"(',b+b'(-b+)-b('b,.,*.'-b-,-,b-$'b2b-!b,&b%+'+Ib(+b
)"$"' b+(&b +(.),b(b+%-b*.,-"(',Hbb
.,-b+&&+b-!-b*.,-"('_)((%"' b+*."+,b,()!",-"-b-!'(%( 2b'b&(+b0(+$b('b
2(.+b)+-Hb

b
 '$!$
-
(!$



()(



 

b
(1>4?=9J5
AE5CD9?>C

!'b2(.b+'(&"3b*.,-"(',Ib-!2b))+b"'bb"+'-b(++b!b-"&bb-,-b",b
&"'",-+Hb(+b1&)%Ib(+bb,"&)%b-,-Jb




 


 


 







  


 
  


 
  


 
  




()(


  


 
  


 
  


 
  




  


 
  


 
  


 
  




  


 
  


 
  


 
  



b b b b

!(.%b2(.b+'(&"3b-!b(++b(b*.,-"(',Mb'(&"3"' b-!b(++b(b*.,-"(',b'b
&$b-!b-,-b,&b+,!b-!b,('b-"&b-$'Ib'b"-b0"%%b&$b!-"' b!++Hb
(0/+Ib"-b(,b+*."+b2(.b-(b," 'b2(.+b*.,-"(',b"')''-%2Hb!-b&',b
*.,-"(',b''(-b++b-(b(-!+b*.,-"(',Hb(.b''(-b,*.'b*.,-"(',b"'b!+('(%( "%b
(+b%( "%b(++Hb(.b''(-b)+( +,,b+(&b,"&)%b-(b!+b*.,-"(',Hb
!b+'(&"3"' b-.+b",b&(,-b(-'b(&"'b0"-!b-!b*.,-"('_)((%"' b-.+b,(b-!-b
*.,-"(',b+b,%-b-b+'(&b+(&bb%+ b)((%b(b*.,-"(',Hb

)8E66<5
1>CG5BC

"-!b+'(&"3b(+b,!.%b',0+,Ib-!b!(",b(+bb)"$_('b(+b)"$_&.%-")%b
*.,-"('b))+b"'bb"+'-b(++b!b-"&b-!b-,-b",b-$'Hb(+b1&)%Ib-!b',0+,b
-(bb)"$_('b*.,-"('b"'b!&",-+2b&" !-b))+b"+'-b('b,.,*.'-b-,-,Jb






















 


 

 


 

 


 

 


 



  




 
  




 
  




 
  








     
  


      

 


 


  
 
   
     
 

b b b b

!(.%b2(.b,!.%b-!b(++b(b',0+,b"'b2(.+b-,-b*.,-"(',Mb!.%"' b-!b(++b(b
!(",b0"%%b&$b-!b-,-b,&b+,!b-!b,('b-"&b-$'b'b0"%%b&$b!-"' bb%"--%b
!++Hb(0/+Ib"-b(,b+*."+b2(.b-(b0+"-b*.,-"(',b,(b-!b(++b(b!(",b(,b'(-b
&--+Hb!-b&',b',0+,b''(-b++b-(b+%"+b',0+,bOb+.%b0"-!b)+('(.',b%"$b
)Ib)(Ib'b).b-!-b++b-(b0(+,b"'b+%"+b',0+,HPb -b%,(b&',b',0+,b0"%%b'(-b
))+b"'b%)!-"%Ib'.&+"Ib!+('(%( "%Ib(+b%( "%b(++Hb!",b'b&$b,''"' b
-!b!(",b!++Ib,)"%%2b(+b-,-_,-+,,b%+'+,Hb

b
 



()(



'$!$
-
(!$


b
ED?=1D931<<I
75>5B1D5
AE5CD9?>C

(&b/'b-,-"' b-((%,b!/b-!b"%"-2b-(b.-(&-"%%2b+-b+,!b-,-b*.,-"(',b
+(&bb(+&.%b(+b)--+'Hb(+b1&)%Ib0"-!b-!b%+'"' b&' &'-b,2,-&b%%b!b
+'"' b ' +bO000H0_0"'H(&PIb b'b"'bb*.,-"('b"'b (&-+2b0"-!b
)%!(%+,b+-!+b-!'b"1b'.&+,Hb

b

'b b'b-!'b"'bb)+(.+b-(b '+-b,)""b'.&+,b-(b+)%b-!(,b
)%!(%+,b"'b-.%b*.,-"(',Hb

!b"+,-b%"'b)"$,b-0(b0!(%b'.&+,b-0'b9b
'b98b-b+'(&Hb!b-!"+b%"'b"',b-!b
(++-b',0+b",b-!b)+(.-b(b-!,b-0(b
'.&+,Hb!b"'%b-!+b%"',b(+&-b-!b'.&+,b
,b0!(%b'.&+,Hb
b
!b"+,-b-"&b-!b*.,-"('b))+,Ibb,-b(b'.&+,b",b '+-b'bb(++-b',0+b
%.%-Hb

b
!b'1-b-"&b-!b*.,-"('b))+,Ib"+'-b'.&+,b"%%b-!b)%!(%+,b'b-!b(++-b
',0+b",b"+'-Hb

b
!b-"&b-!b*.,-"('b))+,Ib"+'-b'.&+,b"%%b-!b,%(-,Hb

b
((b.,,b(+b.-(&-"%%2b '+-b*.,-"(',b"'%.Jb

"&)%b&-!&-",Ib,.!b,b+"-!&-"b'b.'"-b('/+,"(',Hb

.#-,b+*."+"' b%.%-"(',Ib,.!b,b(.'-"' b'b' "'+"' Hb

+"%%b'b)+-"b('b,-"&-"' b*.'-"-",Hb

b
 '$!$
-
(!$



()(



 

b
#?>9D?B
B5CE<DC

'b(b-!b,-b02,b-(b"&)+(/b-,-,b",b-(b1&"'b-!b%( b"%,b-+bb+,('%b'.&+b
(b%+'+,b!/b-$'b-!b-,-,Hb (($b(+b-!b,2&)-(&,b(b,"%2b(++-b)+(%&,Ib,.!b
,b-!,Jb 


3'*.)'H /-H

()(

.,-"(',b0"-!b%(0+b-!'b !,b*.,-"(',b+b-((b!+b(+b+b.'%+%2b
'(+&%b,.,,b+-,Hb )!+,Hb

.,-"(',b0"-!b!" !+b-!'b !,b*.,-"(',b&2bb-((b,2b(+b,(&-!"' b",b

'(+&%b,.,,b+-,Hb "/"' b%+'+,bb%.b-(b-!b(++-b',0+Hb

.,-"(',b-!-b&'2b%+'+,b !,b*.,-"(',b&2bb!+b-(b.'+,-'Ib-$b
,$")Hb -((b%(' b-(b+Ib(+bb-((b"".%-b-(b',0+Hb

+ b'.&+b(b*.,-"(',b%-b (.b&2b'b-(b"'+,b-!b-"&b(+b+,b-!b
.'',0+b('b-"&b-,-,Hb '.&+b(b*.,-"(',Hb
b

,$b2(.+,%b-!",b*.,-"('Jb(b)()%b0!(b!/b-!b+*."+b,$"%%,b'b$'(0% b),,b
-!b-,-Ib0!"%b-!(,b0"-!(.-b-!b,$"%%,b'b$'(0% b"%Mb

#1;5
D5CDC
619B
D?
1<<
<51B>5BC

(&-"&,b%+'+,b&2b%b-,-,b+b.'"+Hb!2b%"/b-!-b-,-,b,$b"&)+()+b
*.,-"(',b(+b(b'(-b "/b%%b%+'+,b'b*.%b!'b-(b',0+b*.,-"(',b(++-%2Hbb

*5CD
I?EB
D5CDC


,bb!$b('b_%+'"' b," 'Ib&$b!b-,-b*.,-"('b),,bb-,-b"-,%Hb!",b-,-b!,b
-!+b*.,-"(',Jbb

!"!b(#-"/b(,b-!",b*.,-"('b-,-Mb

!+b0,b-!b%+'+b-. !-b-!",b(#-"/Mb

'b,(&('b0"-!b,.#-_&--+b$'(0% b.-b&"'"&%b+"' b,$"%%,b',0+b-!b
*.,-"('Mb
'%,,b2(.b'b,"%2b',0+b!b"-&Ib+0+"-b2(.+b-,-b*.,-"('Hb

)?<939D
6554213;
6B?=
<51B>5BC

'/"-b%+'+,b-(b(&&'-b('b-,-,Hb(0/+Ib+*.,-b-!b$b('%2b-+b-!b-,-b!,b
'b +Hb!",b%2b "/,b%+'+,b-"&b-(b%&b(0'b,(b-!-b-!"+b+,)(',,b+b&(+b
+,('b'b%,,b&(-"('%Hb
'b%+'+,b'b+,)('b,b('b-!b-.%b +b+-!+b
-!'b-!b'-"")-b('Hbb

b
 



()(



'$!$
-
(!$


b
-b%+'+,b+)(+-b*.,-"(',b-!2b(',"+b.'"+Hb*."+b-!&b-(b,--b0!2b-!2b%b-!b
*.,-"('b0,b.'"+Hb
'b,$b-!&b0!-b!' b0(.%b&$b-!b*.,-"('b"+Hb

&B5F5>D
3?==?>
3?=@<19>DC

(&&('b(&)%"'-,b(.-b.'"+b-,-,b'b-,-b*.,-"(',b"'%.Jb

.,-"(',b(.-,"b-!b,()b(b,--b(#-"/,b(+b.'"-b(b%+'"' Hb

.,-"(',b-!-b)'b('b"++%/'-b,$"%%,b(+b('b$'(0% b'(-b&'-"('b"'b
)++*.","-,Hb

.%-.+%%2b",b*.,-"(',b-!-b+%2b('b$'(0% b-!-b('b.%-.+b&" !-b)(,,,,b.-b
'(-!+b&" !-b'(-Hb+b(&)%1Ib-+"$2b%' . b-!-b",b,)"%%2b"".%-b(+b,('_
%' . b++,Hb

'&"%"+b-+&"'(%( 2Ib,.!b,b.'',,+2b#+ ('Ib&-)!(+,Ib'b,%' Hb

'+,('%b-"&b%"&"-,b-!-b.'"+%2b)'%"3b,('_%' . b%+'+,b'b-!(,b
0"-!b/","('b(+b+"' b)+(%&,Hb

F?94
DB93;
AE5CD9?>C

+"$b*.,-"(',b+b(',b," 'b-(b-+"$b%+'+,b"'-(b&$"' b'b"'(++-b',0+Hb
+"-+,b(b,.!b*.,-"(',b(-'b%"&b-!-b-!2b+b#.,-b-+2"' b-(b-!b%+'+,b-(b)2b%(,b
--'-"('Hb+"$b*.,-"(',b-!b%+'+,b-(b+b-,-,b'b",-+.,-b-!b-,-_0+"-+Hb+"$b
*.,-"(',b)'%"3b/'b,.,,.%b%+'+,Hb+"-"' b-+"$b*.,-"(',b",b.'-!"%b'b
)+(%2b"&&(+%Hb b2(.b(b"-Ib2(.b,!(.%bb,'-'b-(b-$b'b'%,,b-,-b&b.)b
'-"+%2b(b-+"$b*.,-"(',b0!+b!b"'(++-b',0+b-+" +,bb,-"' b2bb" b',-2b
0,)Hb
!+b",b'(b%"&"-b-(b-!b'.&+b(b-+"$,b/"%b," '+,b'b)%2b('b%+'+,Hb+b+bb
0b(b-!b&(,-b(&&('b.,,Jb

H",,#(!-b-!-b&b.,b-(b)+(&)-b"'(++-b+,)(',,Hb(+b1&)%Ib,$"' Ib
W!"!b(',.&,b&(+b(12 'Ib'b@8b$ b!.&'b#( "' b.)!"%%b(+bb;b$ b+"-b%&%2b
+(0,"' b%--.MXbb

,#0#H+/-.#)(-b-!-b,$b(+b,$"%%,b'b$'(0% b-!-b-!b%+'+b0"%%b'/+b'b-(b
))%2HbW!-b(%(+b2,b"b)(%('b!/MXb

.H,+/#,'(.<b0!"!b,$,b(+b,(&-!"' b-!-b0,b'(-b-. !-b"'b-!b(.+,b(+b"'bb
+*."+b)++*.","-Hb

)(.2.G&--H+/,#-<b0!"!b(b'(-b)+(/"bb,)""b'(. !b('-1-b-(b'%b'b
',0+Hb(+b1&)%IbW(0b+*.'-b+b-(+'(,MXb '2b,.!b*.,-"(',b+*."+bb
(&)+",('b.-b "/b'(b,-'+b(+b-!b(&)+",('Hbb

+/#,H)( --#)(-<b0!"!b+*."+bb+,)(',b-!-b&"-,b-(b0+(' ("' Hb(+b
1&)%IbW(0b(b2(.b%b0!'b2(.b+"/b,-+b-!'b-!b,)b%"&"-MXb

b
 '$!$
-
(!$



()(



 

b

0,&**#(!H.!),#-<b0!+b-!b,()b(+b+' b(b!(",b(/+%)b,(b-!-b&(+b-!'b
('b)"$_('b',0+b(.%bb(++-HbW!-b",b-!b!+',,b(b&%!"-b('b-!b (!,b
!+',,b,%MbO"$b('PbOPb9b-(b:IbOPb:b-(b;IbOPb;b-(b<IbOPb<b-(b=HXb!b!+',,b(b
&%!"-b'b+' b+(&b;H=b-(b<Ib,(b(-!b-!b-!"+b'b(.+-!b',0+,b(.%bb
(++-Hb 



'),&#4.#)(<b0!+b-!b," '+b).-,b-!b!+,-b*.,-"(',b"+,-b-(b",!+-'b'b

()(

%.,-+b%+'+,Hbb

/*&#.H#-.,.,-<b0!+b-!b,&b0+(' b',0+b",b+,--b"'b"+'-b0(+,b"'b
,.,*.'-b!(",HbW!2b0,b+"'b"+MbOPbb0,b+.HbOPbb0,b",(.+-(.,Hb
OPbb/"(%-b)(%"2HbOPbb0,b(',"/HbOPbb+($b-!b%0HXb

#(!/#-.#H&) .#(!<b0!+b-!b," '+b%"+-%2b.,,b0(+,b-!-b('%2b,(&b(b-!b
%+'+,b0"%%b+( '"3Ib/'b-!(. !b.'+,-'"' b-!b-+&,b",b'(-bb)++*.","-b(+b
(#-"/b(b-!b(.+,Hb

,%-.*H-+/(#(!<b0!+b'.&+"b!(",b+b'(-b"'b'.&+"b(++Hb(+b1&)%Ib
W!-b",b-!b%-"-.b(b-!b(3('b%2+MbOPb98b$&bOPb:8b$&bOPb<8b$&bOPb@8b$&bOPb;8b
$&HXb


**&-G(G),(!-H)'*,#-)(-<b0!+b(&)%-%2b"+'-b- (+",b&.,-bb
(&)+Hb(+b1&)%IbW!"!b",b--+Ib-!b%"&"' b)"-2b(b-!b98b' "'b"'b
-!bb(.+ b(+b-!b!"%%_,'-b%-+('",b(b-!b 'b(/+b",(/+2MXb

(0b(b2(.b$'(0b0!-!+bb*.,-"('b",b.'"+Mb
,$b%+'+,Hb '%.b('%2b*.,-"(',b
2(.+b%+'+,b0"%%b +b+b))+()+"-Hb

*5CD
51B<I
1>4
?6D5>


,b,(('b,b2(.b-!b,(&-!"' Ib-,-b('b"-Hb%)b%+'+,b%($b"'b%+'"' b'b "/b-!&b
'b())(+-.'"-2b-(b('"+&b-!"+b)+( +,,Hb
,$"' b*.,-"(',b(.-b$'(0% b%+'+,b
!/b#.,-b*."+b!%),b-!&b(',(%"-b'b"'- +-b-!b$'(0% Hb/"' b%+'+,b
)+(+&b)+(.+,b"&&"-%2b-+b%+'"' b-!&b&$,b)+(+&'b%."b'b,.+Hb
'%.b&(+b,!(+-b-,-,Ib+-!+b-!'b#.,-bb0b%(' b(',Hb 'bb%+ b(.+,Ib"'%.b
,/+%b-,-,b/'%2b,)b-!+(. !(.-b-!b(.+,a'(-b#.,-b('b" b1&b-b-!b'Hb

b
'2b(.+,,b)+,'-bb,+",b(b",b'b-!'b-,-b('b-!&b%%Hb2b-!b-"&b%+'+,b
+!b-!b-,-Ib-!2b!/b(+ (--'b0!-b-!2b%+'b(.-b-!b+%"+b(')-,b'b+b
"'-"&"-b2b-!b" b-,-Hb

bb

b




()(



'$!$
-
(!$


b

',-b(b('b" b-,-b-b-!b'Ib,)+"'$%b,&%%b-,-,b-!+(. !(.-b%+'"' Hb!.,b%+'+,b

(b'(-b)+(b0"-!(.-b%+'"' Hb.,b-!,b-,-,b+b,&%%Ib-!2b+b%,,b"'-"&"-"' Hb

-+b-!"' b'b-,-"' b-!b"'%b"Ib)+,'-bb+"b+/"0b'bb,!(+-b-,-b('b%%b-!b
",Hb

," 'b-!b,&%%+b-,-,b,(b-!-b-!2b.+-%2b)+"-b)+(+&'b('b-!b%+ +b-,-,Hb

"/b%+'+,b%(-,b(b)+-"b-"/"-",b'b#.,-bb0b+(+b-,-,Hb+$"' b-!b%+'+V,b
/+2b--&)-b'b+(+"' b/+2b,(+b",(.+ ,b*."$Ib,)('-'(.,b-"('Hb!b
+)"b2%b(b,,,,"' bb,"-.-"('Ib(+&"' bb!2)(-!,",Ib-,-"' b"-Ib --"' b$Ib'b
+/","' b-!b!2)(-!,",b",bb/%.%b%+'"' b/'-b"'b"-,b(0'b+" !-Hb"/b%+'+,b%(-,b(b
())(+-.'"-",b-(b)+-"b0"-!(.-b-!b+b-!-b-!"+b/+2b&",-$b",b"' b+(+b"'b"'$Hb

)5D
D85
B978D
@1CC9>7
C3?B5

b2(.+b-,-b",b.,b-(b&$b","(',b(.-b%+'+,a'b'(-b#.,-b-(b)+(/"b '+%b
$b-(b-!&a2(.b0"%%b'b-(b,-bb),,"' b,(+Hb!",b),,"' b,(+bO(+b.-b,(+Pb",b
-!b'.&+b(b)("'-,b-!b%+'+b&.,-b+'b"'b(++b-(b*.-%2b&,-+b-!b.'"-b(b
%+'"' b(/+b2b-!b-,-Hbb
(+b2(.b,-bb),,"' b,(+Ib(',"+b1-%2b!(0b2(.b0"%%b.,b-!",b,(+Hb"%%b2(.b.,b
"-b#.,-b,bb (%b(+b%+'+,b-(b,!((-b(+Mb"%%b2(.b+*."+b%+'+,b-(b+)-b-!b&(.%b
.'-"%b-!2b!/b!"/b-!b),,"' b,(+Mb"%%b-!b,(+bb+(+b,b)+-b(b-!"+b#(b
+(+,Mb"%%b-!b,(+b*.%"2b-!b%+'+b(+bb#(_+%/'-b+-""-"('Mb/"(.,%2Ib-!b
&(+b-b-!b-,-b,(+b!,b('b-!b%+'+V,b.-.+Ib-!b&(+b(#-"/b'b,2,-&-"b
2(.b&.,-bb"'b,--"' b-!b-,-b,(+a'b"'b(-!+b,)-,b(b-,-"' Hb

'b02b-(b-!"'$b(b-!b),,"' b,(+b",b,bb-+ -b%/%b(b(&)-'b-0'b&"'"&%b

(&)-'b'b(&)%-b&,-+2Hb

b
.-b0!-b,!(.%b-!-b-+ -b-!+,!(%bMb!+b+b,/+%b02,b-(b,-b-!b,(+Hb+b0b
%",-b-!+b"'b(++b(b"'+,"' b+" (+Hb

b
 '$!$
-
(!$



()(





b
&B?65CC9?>1<
:E47=5>D

b2(.b+b1)+"'b-!"' b-!b,.#-b(b-!b-,-b'b$'(0b0!+b'b!(0b%+'+,b
0"%%b))%2b-!b$'(0% b(+b,$"%%,b"' b-. !-Ib2(.b'b#.,-b.,b2(.+b)+(,,"('%b
#. &'-b-(b,-b-!b),,"' b,(+Hb(.b$'(0b-!b,.#-b'b!(0b0%%b%+'+,b&.,-b
%+'Hb+',%-b2(.+b)+(,,"('%b#. &'-b"'-(bb-,-b,(+Hb


()(

'b,--"' bb),,"' b,(+Ib(',"+Jb

(0b+."%b",b-!b,$"%%b(+b$'(0% b-(b.-.+b%+'"' Hb
b(.'-"('b,$"%%b&.,-bb
&,-+b-(bb!" !b%/%Hb

!-b",b-!b' +b"b-!b,.#-b",b'(-b&,-+Mb"%%b,(&('V,b%"bb).-b-b+",$Mb
"%%b0(+$b*.%"-2b,.+Mb

(0b"".%-b",b-!b,.#-b-(b'(/",Mb ,bb!" !b,(+b.'+%",-"Mb

?>C5>CEC
?6
5H@5BDC


,$b-!b!%)b(b,.#-_&--+b1)+-,Hb,b-!b),,"' b,(+b('b-!b#. &'-b(bb!%_
(3'b1)+-,b"'b-!b,.#-b(b2(.+b-,-Hb
'b1)+-b0(.%bb1)-b-(b,(+b0%%b(/b
-!b),,"' b,(+Ibb,-'+b/"-"('b(+b&(+Hbb
'b02b-(b&$b&(+b)+",b.,b(b2(.+b1)+-,b",b-(b!/b-!&b1&"'b!b*.,-"('b
'b-!'b,)"2b-!b(,b-!-bb&"'"&%%2b)+(""'-b%+'+bO,(&('b0!(b,!(.%b#.,-b
+%2b),,b-!b-,-Pb0(.%b -b-!",b"'"/".%b*.,-"('b(++-Hb(.b'b-!'bb.)b-!b
)+("%"-",b-(b -b-!b'.&+b(b*.,-"(',b',,+2b-(b),,Hb

(+b1&)%Ib,2bb-,-b!,b"/b*.,-"(',b'b2(.+b1)+-,b,-"&-b-!b)+("%"-",b(b
--"' b-!b*.,-"(',b+" !-b+b8H@Ib8H?Ib8H@Ib8H<Ib'b8H>Ib+,)-"/%2Hb
"' b.)b-!,b
'.&+,b-%%,b.,b-!b'.&+b(b(++-b',0+,b'b(+bb),,"' b,(+Jb
8H@bCb8H?bCb8H@bCb8H<bCb8H>bDb;H;b*.,-"(',b+*."+b-(b),,Hb
b*.,-"(',b!/b"+'-b)("'-b/%.,Ib2(.b0(.%b'b-(b&.%-")%2b!b)+("%"-2b(b
),,"' b2b-!b'.&+b(b)("'-,b0+b(+b!b*.,-"('Hb.))(,b-!b*.,-"(',b"'b-!b
)+"' b1&)%b!/b)("'-b/%.,b(b98Ib98Ib:8Ib:8Ib'b98Ib+,)-"/%2Hb(0b(.+b
+*."+b,(+b(&,Jb
8H@b1b98bCb8H?b1b98bCb8H@b1b:8bCb8H<b1b:8bCb8H>b1b98Hb
@bCb?bCb9>bCb@bCb>bDb;=b)("'-,b+*."+b-(b),,b

'b0!"%b2(.b+b-b"-Ib!/b2(.+b1)+-,b-$b-!b-,-Hb--+b,-"%%Kb!/b-!&b-$b-!b-,-b
(+b&$"' b-!"+b,-"&-,Hb

b




()(



'$!$
-
(!$


b
?>DB1CD9>7
7B?E@C

!b('-+,-"' _ +(.)b&-!(b,--",-"%%2b(&)+,b-!b,(+,b(b1)+-,b'b'(/",b
'b,-,b-!b),,"' b,(+b-0'b-!,b-0(Hb
9H
+."-b-0(b +(.),b(b-,-_-$+,Hb!bW1)+-Xb +(.)b(',",-,b(b)()%b0!(b!/b
&,-+b-!b,.#-b(b-!b-,-b'b,!(.%b),,b!'"%2Hb!bW'(/"Xb +(.)b(',",-,b
(b)()%b0!(b$'(0b%"--%b(+b'(-!"' b(.-b-!b,.#-b'b0!(b,!(.%b"%b-!b-,-Hb

(.-b-0(b(3'b-,-_-$+,b,!(.%bb,.""'-Hb
:H

&"'",-+b-!b-,-b-(b-!b-0(b +(.),b.'+b"'-"%b('"-"(',Hb b)(,,"%Ib!/b
-!&b%%b-$b-!b-,-b-b-!b,&b-"&Hb
;H
(&)"%b-,-b,(+,b'b"'-"2b-!b&'b'b,-'+b/"-"('b(b-!b,(+,b(+b
!b +(.)Hb
<H
-b-!b),,"' b,(+b-0'b('b,-'+b/"-"('b%(0b-!b&'b(+b-!b1)+-,b
'b('b,-'+b/"-"('b(/b-!b&'b(+b'(/",Hbb
=H
. b-!b),,"' b,(+b.)b(+b(0'b0"-!"'b-!",b+' b-(b&$b-,-"' b&(+b(+b%,,b
,-+"' '-Hb

569>5
1
C31<5
?6
7B145C

-!+b-!'bb),,_"%b-!+,!(%Ib "/b%+'+,b+' ,b(b,(+,b%(' b0"-!b
+(&&'-"(',b(b!(0b-(b)+(Hb(+b1&)%Jb

&B5D5CD
D?
@B?@5<
<51B>5BC


b)+_-,-b",bb-,-b-$'b(+b "''"' bb%,,('b(+b(.+,Hb -b(/+,b-!b,&b +(.'b,b
-!b,,("-b.'"-b(b%+'"' Ib#.,-b%"$b-!b)(,-_-,-b(+b"'%b1&b-!-b(&,b-b-!b'b(b
-!b.'"-Hb+_-,-,b&2b-,-b(+b)++*.","-,b(b-!b(%%(0"' b.'"-Ib(+b-!b('-'-b(b-!b
.'"-b"-,%Ib(+b(+b(-!Hb

b
 '$!$
-
(!$



()(





b
-8I
@B5D5CD

+_-,-"' b(+,b,/+%b'"-,b-(b%+'+,b'b-(b," '+,Hb+_-,-,Jb

(-"/-b%+'+,b2b!%%' "' b-!&b-(b"%%b"'b-!b ),b+/%b2b-!b)+_-,-Hb

$b%+b0!-b-!b.'"-b(b%+'"' b0"%%b(/+Hb 



',.+b-!-b%+'+,b-$b)++*.","-,b(+b "''"' b-!b.'"-b(b%+'"' Hb

()(


-+&%"'b%+'"' b2b%--"' b%+'+,b,$")b&-+"%b-!2b%+2b$'(0Hb

%)b," '+,b"'-"2b&(.%,b-!2b'b(&"-bO.,b/+2(2b),,,b-!b)+_-,-Pb
(+b"-"('%b&(.%,b-(b/%()bO.,b/+2(2b"%,b-!b)+_-,-Hb

+C5
@B5D5CD
B5CE<DC

)'"' b('b2(.+b).+)(,,b(+b)+_-,-"' b'b-!b,()!",-"-"('b(b2(.+b%+'"' b
&' &'-b,2,-&Ib2(.b'b.,b-!b+,.%-,b(b)+_-,-"' b-(b+(.-b%+'+,b-(b"+'-b
%(-"(',b0"-!"'bb(.+,b(+b%,,('Hb

b
b

H&,(,-H>H )/.H."'H.)H>H

(&)%-%2b),,b-!b)+_-,-Hb
+-"%%2b),,b-!b)+_-,-Hb
!(0b-!-b-!2b%$b)++*.","-b
$'(0% Hb
,,b-!b)++*.","-,b)(+-"('b(b-!b
)+_-,-Hb
,,b)(+-"(',b(b-!b)+_-,-b(+b-!b
.++'-b.'"-Hb
b
!b'1-b.'"-b"'b,*.'Hb

b,-+-"' b)("'-b0"-!"'b-!b.++'-b.'"-Hbb

b)++*.","-b(.+,b(+b%,,('Hb
!b "''"' b(b-!b.++'-b.'"-b(b
%+'"' Hb

b.,-(&b)-!b-!+(. !b#.,-b-!b
(&)(''-,b-!b%+'+b"b'(-b),,b"'b-!b
)+_-,-Hb

b
  



()(



'$!$
-
(!$


b

.&"$
*
*)*

'b(b-!b&(,-b(&&('b(&)%"'-,b(.-b-,-,b",b-!-b-!b+.%,b+b.'%+b(+b-!-b-!b
)+(.+,b+b'(-b1)%"'b.%%2Hb b%+'+,b(b'(-b.'+,-'b-!bW+.%,Xb(bb-,-Ib-!2b
&2b'(-b,(+b0%%b'b0"%%b%&b-!b+-(+b(b-!b-,-Hb$b-!b-"&b-(b-%%b%+'+,b
!(0b-(b-$b-!b-,-Hb

&B5@1B5
<51B>5BC
D?
D1;5
D85
D5CD

+'+,b+b.+"(.,b"' ,Ib,)"%%2b0!'b"-b(&,b-(b-,-,Hb!2b0'-b-(b$'(0b%%b-!b
+.%,b'b+ .%-"(',b'b+,-+"-"(',a(+b-!2b "'b-!b-,-Hb.-b'(b('b0'-,b-(b
+bb.'!b(b(+"' b+.%,Hb(b$)b-!b+.%,b,b,"&)%b,b)(,,"%Ib1)+,,b-!&b
('",%2Ib'b'(.+ b%+'+,b-(b$'(0b-!b+.%,b(+b-!2b "'b-!b-,-Hb+b",bb
(&)+!',"/b%",-b(b-!b$"',b(b*.,-"(',b%+'+,b,$Hb

"3H'H H#(!H.-.?H +'+,b0!(b,b-!b/%.b(bb-,-b-(b-!&b-+2b!++b'b
,(+b!" !+Hb%%b%+'+,b-!-b-!b-,-b0"%%b "/b-!&b('"'Ib!%)b-!&b*."$%2b
(++-b&",.'+,-'"' Ib'b)+( +,,b&(+b*."$%2Hb

-H."H.-.H!,?b!-b-b0"%%b-!",b-,-b!/b('b-!b(/+%%b +Mb!-b",bb
),,"' b +Mb!-b +b,!(.%b-!b%+'+b!"/b(+b ("' b('b-(b-!b'1-b
%,,('Mb

".H)-H."H.-.H)0,?b .,-b-!b.++'-b%,,('Mb
%%b%,,(',b.)b-(b-!",b)("'-Mb

-H."H.-.H.#'?b(0b&.!b-"&b",b/"%%Mb!-b",b-!b)'%-2b(+b-$"' b-((b
&.!b-"&Mb

"(H'/-.H."H.-.HH.%(?b(+bb%"'Mb.+"' bb,)""b)+"(Mb
-bb+-"'b
!(.+b'b2Mb(+b/'"' b-(b-!b'1-b%,,('Mb

)1H&)(!H#-H."H.-.?b(0b&'2b*.,-"(',b+b('b-!b-,-MbO,)"%%2b"&)(+-'-b"b-!b
*.,-"(',b,+(%%b(b-!b(--(&b(b-!b,+'b(+b+b('b,.,*.'-b) ,PHb

)1H,H(-1,-H-),?b(0b&'2b)("'-,b+b0+b(+b!b*.,-"('Mb!-b+b
-!b)'%-",b(+b"'(++-b',0+,Ib"'(&)%-b',0+,Ib'b.'',0+b*.,-"(',Mb

)1H/,.H'/-.H'3H(-1,-H?b(b,)%%"' Ib)"-%"3-"('Ib'b +&&+b(.'-Mb
(0b)+",b&.,-b%.%-"(',bMb(,b-!b(++b(b'-+",b&--+Mb

".H ),'H)-H."H.-.H.%?b!-b$"',b(b*.,-"(',b+b.,Jb&.%-")%_!("Ib
-+.^%,Ib"%%_"'_-!_%'$,Ib(+b(-!+,Mb(,b/+2('b -b-!b,&b*.,-"(',b(+b+b
*.,-"(',b)"$b-b+'(&Mb

(H H.%H."H.-.H&.,?b b,(Ib!(0b(b b,$")b-!b-,-Mb(0b(b b-$b-!b-,-b%-+Mb

")/&H H!/--?b%%b%+'+,b!(0b.'',0+b*.,-"(',b+b,(+b,(b-!2b'b"b
0!-!+b-(b .,,b-b',0+,Hb-"('%b-,-"' b,+/",b-2)"%%2b.-b('b)("'-b(+b
&",,"' b',0+,b'b-!+b)("'-,b(+b"'(++-b',0+,bS,- +Ib9AAAbE9A=9THb

b
 '$!$
-
(!$



()(



 

b

(H H,.%H."H.-.H ),HH..,H!,H&.,?b(0b&'2b-"&,Mb!"!b,(+b",b
+(+Jb-!b"+,-b('Ib-!b%,-b('Ib-!b,-b('Ib(+b'b/+ b(b%%b--&)-,Mb

".H,-)/,-H'3H H/-H.)H.%H."H.-.?b)"2b0!-b%.%-(+,Ib(&).-+b
)+( +&,Ib(($,Ibb,"-,Ib,+!b' "',Ib(+b(-!+b,(.+,b(b"'(+&-"('b%+'+,b
'b.,Hb '%.b%"'$,b-(b-!,b"-&,b,(b%%b%+'+,b!/b*.%b,,Hb 




,H+/-.#)(-H1#!".H+/&&3?b(b,(&b*.,-"(',b,(+b&(+b)("'-,b-!'b(-!+,Mb b

()(

0" !-"' ,b/+2Ib,--b-!b)("'-b/%.b(b!b*.,-"('b,b"-b))+,Hb

)1H,&#-.#H,H."H+/-.#)(-?b
+b+0"' ,b-(b,%Mb
+b'.&+,b+%",-"Mb

/-.H+/-.#)(-HH(-1,H#(H-+/(?b(,b/'"' b-(b-!b'1-b*.,-"('b
.-(&-"%%2b-+" +b,(+"' b-!b.++'-b*.,-"('Mb

".H# H H2*,#(HH)'*/.,H #&/,?b!-b"b-!b(&).-+Ib'-0(+$Ib(+b-!b-,-"' b
)+( +&b+,!,b.+"' b-!b-,-Mb!-b-b0"%%b-!",b!/b('b&2b,(+Mb(0b(b b
+,-+-b(+b+,.&b-!b-,-Mb

!55@
<51B>5BC
9>
3?>DB?<

b0'-b%+'+,b-(b%b"'b('-+(%b,b-!2b-$b-,-,Hb!-b02b-!2b(.,b('b-!b('-'-b
(b-!b-,-Hb!b$2b-(b('-+(%b",b"'(+&-"('b'b!/"' b))+()+"-b!(",Hb

2*&#(H ),H-.,.#(!H."H.#',;H"/b%%b-!b"',-+.-"(',b%+'+,b0"%%b'b(+bb-,-b
(+b,-+-"' b-!b-"&+Hb
-+b)+,'-"' b-!b"',-+.-"(',Ib+*."+b%+'+,b-(b,%-bb
W.,.H.-.Xb.--('b-(b-.%%2b "'bb-"&b-,-Hb

.H&,(,-H-%#*H)*.#)(&H.-.-;H b-,-,b+b()-"('%Ib%-b%+'+,b,$")b-!&Hb $b-!",b
,2b0"-!b1)%""-b.--(',Hb

b b

%H-../-H&,;H -b%+'+,b$'(0b!(0b&.!b-!2b!/b('b'b!(0b&.!b-!2b
!/b%-b-(b(Hb(&b,2,-&,b",)%2bb(',(%b,!(0"' b-!b-"&b'b'.&+b(b
*.,-"(',Jb

%$)(
"*($*,)
*%
%(#"
*)*)

,-"' b"'b_%+'"' b(/"(.,%2b!,b%"&"--"(',b'b",b'(-b%02,b-!b,-b02b-(b/%.-b
-!b)+( +,,b(b%+'+,Hb(+b2(.b,-+-b," '"' b-,-,Ib-$bb0b&"'.-,b-(b(',"+b
%-+'-"/,b-(b-,-,Hb

b
 



()(



'$!$
-
(!$


b
+C5
=?B5
D81>
6?B=1<
7B1454
D5CDC

(-b%%b,,,,&'-,b'b-(bb(+&%Ib +b-,-,Hb,bb&"1-.+b(b"+'-b(+&,b(b
,,,,&'-Jb

(+&%b +b-,-,Hb

W)'_(($Xb-,-,b.+"' b0!"!b%+'+,b'b(',.%-b++'b&-+"%,Hb

+(+&'b-,-,b+*."+"' b(&)%-"('b(b-.%b0(+$Hb

%_ +b-,-,b2b0!"!b%+'+,b/%.-b-!"+b(0'b)+(+&'Hb

%_/%.-"(',b(b)+-"b-"/"-",b(+b(+" "'%b0(+$Hb

/%.-"(',b2b(,,Ib)+,Ib,.(+"'-,Ib(+b.,-(&+,Hb

+'"' b &,b'b).33%,b-!-b+*."+b%+'"' b-(b0"'b(+b,(%/Hb

,+!b)+(#-,b-!-b+*."+b "'"' b(+" "'%b$'(0% Hb

,-,b-$'b2b-&,b"',-b(b"'"/".%,Hb

5<@
<51B>5BC
2E9<4
@?BD6?<9?C

',-b(b-,-"' b('b$'(0% Ib!/b%+'+,b+-b-' "%b/"'b(b-!"+b%+'"' Hb
,b +"' b('bb0(+$_+2b)(+-(%"(b-!b%+'+b,,&%,b.+"' b-!b(.+,Hb!b
)(+-(%"(b'b(',",-b(b,&)%,b(bb/+"-2b(b0(+$b)+(.-,b(+b-!b(&)%-"('b(bb
,"' %Ib(&)%1b)%'b(+b+)(+-Hb

(+b-!(,b%+2b0(+$"' b"'b-!b"%b(b-!b(.+,Ib-!b)(+-(%"(b'b(',",-b(b&-+"%,b
"&&"-%2b.,.%b('b-!b#(Hb(+b-!(,b)+)+"' b(+bb'0b"%Ib-!b)(+-(%"(b'b
(',",-b(b,&)%,b-!-b&(',-+-b(&)-'b-(b)+-"b"'b-!b"%Hb

1F5
<51B>5BC
3?<<53D
D?;5>C

-!+b-!'b+*."+"' b%+'+,b-(b),,bb,+",b(b-,-,Ib!%%' b-!&b-(b(%%-b-($',b
-!-b+)+,'-b(&)%-"('b(b-"/"-",Hb!b-,-b(+b-"/"-2b",b0(+-!bb+-"'b'.&+b(b
-($',b"'b)+()(+-"('b-(b-!b,()b'b/%.b(b-!b$'(0% b"-b+*."+,Hbb

41@D
D5CD9>7
D?
C?391<
<51B>9>7

("%b%+'"' b0"%%b+*."+bb"+'-b,-2%b(b-,-"' b-!'b('/'-"('%b_%+'"' Hb+b
+bb0b,. ,-"(',Jb

/!H*, ),'(H#(H&#0H)(&#(H'.#(!-Hb 'b('%"'b&-"' ,Ib"'%.b-"/"-",b-!-b

+/%b-!b%/%b(b%+'"' b2b,-.'-,Hb+b+b,(&b-"/"-",b2(.b'b.,Jb

)&&#(!Hb
,$b*.,-"(',b-(b,b0!(bW (-b"-HXb


**&#.#)(H-",#(!Hb/b%+'+,b&(',-+-b-,$,b0"-!b,(-0+Hb

,&H2'-Hb
,$b,)""b%+'+,Hb

./(.H.",-Hb/b%+'+,b-!b,!(+-b, &'-,Hb

b
 '$!$
-
(!$



()(



 

b

*(G(H+/-.#)(-b-!-b&.,-bb',0+b-!+(. !b!-Hb
0&/.H*)-.#(!-H#(H#-/--#)(H.#0#.#-;H(+b"',-'Jb

%G")'H.-.-b-!-b%+'+,b,.&"-b-!b'1-b2Hb

)'1),%b-!-b%+'+,b)+)+b'b,.&"-b(+b +"' Hb 



),. )&#)-b(b(+" "'%b0(+$b2b%+'+,Hb

()(

-#!(H!,)/*G.-.-Hb+-b-,-,b-(bb-$'b2b +(.),Hb
%%(0b-"&b(+b-!b +(.)b-(b
",.,,b-!b*.,-"(',b'b(&b-(bb(',',.,Hb

#-/--H."H.-.-Hb/b%+'+,b-$b-,-,b"'"/".%%2Hb
-+b%+'+,b -b-!"+b+,.%-,Ib
!/b-!&b",.,,b-!b+,.%-,b0"-!"'b,&%%b +(.),Hb
%%(0b +(.),b-(b))%b*.,-"(',b-!2b
%b0+b.'"+Hb
0H&,(,-HH.-.H+/-.#)(-b-(bb)((%Hb
0+b1-+b)("'-,b-(b-!b,.&"--+b"b-!b
*.,-"('b",b+%/'-b'b))+()+"-%2b!%%' "' Hb!%%' b'bb&,.+b2b
0!-!+b-!b,"+b)+'- b(b%+'+,b',0+b(++-%2Hb

b!)-+b@b(+b&(+b",b('b/%.-"' b,("%b%+'+,Hb

41@D
D5CD9>7
D?
=?29<5
<51B>9>7

$b,.+b2(.+b-,-b0(+$,b('b-!b&("%b/"b%+'+,b0"%%b.,b-(b-$b-!b-,-bO)Hb=9APb
'b"'b-!b'/"+('&'-b0!+b-!2b0"%%b-$b-!b-,-bO)Hb=9?PHb

'%.b)+(+&'b*.,-"(',b('b0"-!b+%_0(+%b(#-,Ib/",Ib'b'/"+('&'-,Hb
/b&("%b%+'+,b'%",-bb!.&'b0"-',,b(+b)+(-(+b-(b/+"2b-!"+b)+(+&'b(b
,," 'b-,$,Hb+Ib!/b-!&b+(+b'b,.&"-b/"(b(.&'-"' b-!"+b)+(+&'b
('bb-,-Hb
b!)-+bAb(+b&(+b('b,,,,"' b)+(+&'b(b&("%b%+'+,Hb

$
"%)$
K

)E==1BI


/%()b'b)+-b-,-,b2b-!b,&b2%"%b)+(,,b.,b(+b(-!+b)+-,b(b
_%+'"' Hb

,b-,-,b-(b%-b%+'+,b . b-!"+b)+( +,,b'b&"'",-+-(+,b&,.+b-!b
-"/',,b(b2(.+b_%+'"' Hb

+"-b-,-b*.,-"(',b,(b-!2b&,.+b(&)%",!&'-b(b(#-"/,Ib'(-b-!b"%"-2b-(b
")!+b-+"$2b)!+,,b(+b-(b&$b%.$2b .,,,Hb

(+b,"&)%b*.,-"(',Ib)+(/"b$b"&&"-%2b,(b-!-b&",(')-"(',b+b
"'-""b'b(++-b(+b-!2b-$b+((-Hb

b
 



()(



'$!$
-
(!$


b

,-b+%2b'b(-'Hb,b.'+(+b-,-,b(+b+*.'-b)+-"Hb $b-,-,b&(+b%"$b
!%%' "' b &,b'b%,,b%"$b,!((%b1&"'-"(',Hbb

,-b2(.+b-,-,Hb
-bb&"'"&.&Ib&$b,.+b-!-b1)+-,b),,b-!b-,-b'b'(/",b(b'(-Hb


,b%02,Ib," 'b"+,-b'b-!'b)"$b2(.+b-((%Hb b2(.b!/b%+2b,%-bb-((%b-(b
+-b'b&"'",-+b-,-,Ib(b'(-b&('Ib +('Ib(+b0!"'Hb .,-b(b-!b,-b2(.b'Hbb

?B
=?B5
K

(+b&(+b,()!",-"-b-,-,Ib(',"+b.,"' b%+'"' b-"/"-",bO!)-+,b:Ib;Ib'b<PHb (,-b
-"/"-",b0"%%Ib!(0/+Ib+*."+b +"' b2b-!b-!+Hb

(+b.2"' bb-((%b(+b.-!(+"' b-,-,Ib-+2b(.-b-!b-2),b(b-,-,b"-b)+(/",b'b

"'/,-" -b!(0b2(.b'bb-,-,b(b2(.+b(0'b," 'Hb(',"+b-!,b-((%,Jb

(-b(--(,bO!(-)(-H./"H^"'1H)!)PHb

+)-"('b.,-"('&+$bO000H*.,-"('&+$H(&PHbb

."3("'-bO000H%+'"' 0+H(&PHb


+-".%-b."3&$+bO000H+-".%-H(&PHb

")+"' b."3 $+bO000H",)+"' ,(%.-"(',H(&PHb

)-"/-bO000H(H(&PHb

%,!bO000H(H(&PHb
b2(.b!/bb%+'"' _&' &'-b(+b('-'-_&' &'-b,2,-&Ibb,.+b-(b"'/,-" -b
-!b-2),b(b-,-b*.,-"(',b/"%%b'b0!-b"-"('%b-.+,b-!b,2,-&b&2b)+(/"Hb
(+b"',-'Ib(,b-!b,2,-&b%%(0b(+b*.,-"('_)((%"' Ib+'(&"3-"('b(b*.,-"(',b'b
',0+,Ib'b-!b"%"-2b-(b," 'b*.,-"(',b.,"' bb(+&.%Mb
b!)-+b@b('b,("%b%+'"' b(+b!)-+bAb('b&("%b%+'"' b(+b&(+b('b!(0b-(b
/%.-b%+'"' b'b)+(/"b$b(+b-!,b-2),b(b_%+'"' Hb

&,b'b,"&.%-"(',bO!)-+b?Pb"'- +-b-!"' b'b-,-"' Hb(',"+bb%+'"' b

&bO)Hb;:<Pb(+b0!(%b,"&.%-"('b(.+,bO)Hb;A>PH

b
 E-Learning by Design, 2nd Edition
b by William Horton

H
Copyright © 2012 John Wiley and Sons, Inc.
b
b

*?@93C

b

(&)%",!"' b,)""b
%+'"' b(#-"/,b
b
()",b(&)%",!b"'"/".%b%+'"' b(#-"/,Hb!2b&2b(',",-b(bb,"' %b) b(+b
&'2Hb!2b&2b'-+b('bb,"' %b-"/"-2b(+b&2b,)'b&.%-")%b(&)%1b-"/"-",Hb!2b
&2b&"1b-1-Ib +)!",Ib/("Ib&.,"Ib'"&-"('Ib'b/"(Hb!2b&2b-$b&"'.-,b(+b
!(.+,b-(b(&)%-Hb.-b!b-()"b(&)%",!,b$#b%+'"' b(#-"/b'b(&)%",!,b"-b
.%%2Hb!-V,b0!-b&$,b-!&b-()",Hb!",b!)-+b0"%%b,!(0b2(.b!(0b-(b," 'b
_%+'"' b-()",b-(b(&)%",!b2(.+b%+'"' b(#-"/,Hb

-*
(
*%&)


b-()"b",b-!b%(0,-_%/%b%+'"' b(#-b"'bb(.+,b(+b(-!+b$'(0% b)+(.-Hb -b",b-!b
."%"' b%($b(b"',-+.-"('b-!-b(&)%",!,bb,"' %b%+'"' b(#-"/Hb2)"%%2Ibb
-()"b+*."+,bb(&"'-"('b(b
,(+Ib(Ib'b(''-b-"/"-",b'b"'%.,bb-,-b-(b
. b(&)%",!&'-b(b-!b(#-"/Hb

*?@93C
1B5
<51B>9>7
?2:53DC

V/b,"b-!-b-()",b+b%+'"' b(#-,Hb.-b0!-b1-%2b",bb%+'"' b(#-Mb 'b
_%+'"' Ibb%+'"' b(#-b",bb"/(%H) H&.,)(#H)(.(.H.".H(HH--H
#(#0#/&&3H(H)'*&.&3H)'*&#-"-HH-#(!&H&,(#(!H)$.#0b'b'b)+(/b"-Hb
!b&(,-b"&)(+-'-b)+-b(b-!",b"'"-"('b",bW(&)%-%2b(&)%",!,bb,"' %b%+'"' b
(#-"/HXb
b%+'"' b(#-b('-"',b/+2-!"' b',,+2b-(b',.+b-!-b-!b%+'+b
&-,b-!b%+'"' b(#-"/Hb

H
H




%&!(



'$!$
-
(!$


b
(-b%%b%+'"' b(#-,Ib!(0/+Ib+b-()",Hb(&b+b0!(%b(.+,,b(+b%,,(',Hbb
b(.+,b
(+b%,,('b&2b!/b+(b%+'"' b(#-"/,b-!-b'(&),,b%(0+_%/%Ib&(+_-"%b
%+'"' b(#-"/,Hb
b-()"b!,b('%2b('b&"'b%+'"' b(#-"/b'b'(b,._(#-"/,Hbb

'(-!+Ib)+!),b&(+b)+ &-"b"'"-"('b",b-!-bb.)*#H#-HH'#,)G)/,-H-#!(H.)H
H)'#(H1#."H).",H'#,)G)/,--Hb!",b"'"-"('b&)!,"3,b-!b"b-!-b-()",b
+b,%_('-"'b'(. !b-!-b-!2b'bb+.,b"'b/+"(.,b/+,"(',b(bb(.+,b(+b"'b
&.%-")%b(.+,,Hbb

H1=@<5C
?6
D?@93C

!b-+&b)$%b&2b,-"%%b,&b,-+-b'b+&(-Hb -V,b"1b-!-b2b%(($"' b-b,(&b
('+-b1&)%,b(b-()",Hb'b",b/+2b,"&)%Ib'(-!+bb"-b&(+b&"-"(.,Ib'b('b
(&)%1b"'Hb
,b0b%(($b-b!Ib0b0"%%b)("'-b(.-b"-,b"',-+.-"('%b," 'b'b"-,b
/","%b(&)(''-,Hb


C9=@<5
D?@93

+b",b'b1&)%b(bb,"&)%b-()"HbO(.b&" !-b+&&+b"-b+(&b!)-+b9Ib0!+b b
.,b"-b-(b"%%.,-+-bb%(0_%/%b%+'"' b(#-Ib('-"'"' b-!b-!+b,,'-"%b%+'"' b
-"/"-",HPb -b(',",-,b(bb,"' %bb) b'b",b(.-b,b,"&)%b,bb-()"b'bHb

b
 '$!$
-
(!$



%&!(





b
!",b,"&)%b-()"b(&)%",!,bb,"&)%b(#-"/Ib'&%2b-!"' b!(0b-(b"'-+)+-b
)''2b&+$+,b"'bb'--b!+-Hb!(. !b('%2bb,"' %b) Ib-!",b-()"b!,b-!b&"'b
(&)(''-,b(bb%+'"' b(#-Hb

-b!,bb-"-%b-!-b''(.',b'b%%,b-!b-()"Hb
b,!(+-b)+ +)!b"'-+(.,b-!b-()"b
'b,.&&+"3,b"-,b('-'-Hb1-b(%%(0,bb'++-b'"&-"('b-!-b1)%"',b0!-b



)''2b&+$+,b+b'b!(0b-(b+( '"3b-!&Hb
-+b-!b'"&-"('b",bb,!(+-b

%&!(



)+ +)!b-!-b&)!,"3,b-!b$2b)("'-b'b-!'b%"'$,b-(b'(-!+b-()"b(+b&(+b
"'(+&-"('b('b)''2b&+$+,Hb1-Ib-!b%+'+b",b"'/"-b-(b"'b'(-!+b'--b
!+-b'b"'-+)+-b-!b&'"' b(b)''2b&+$+,b(.'b-!+Hb

%-!(. !b,"&)%Ib-!",b-()"b('-"',b-!b',,+2b%+'"' b1)+"',Hb +'+,b,(+b
-!b(')-b2b+"' bb"'"-"('b'b1)+"'"' b-!b'"&-"('Hb!b)+-"b)+(/",b
(-!bb(b-"/"-2b'bb-,-Hb +'+,b(''-b0"-!b.-.+b%+'"' b-!+(. !b-!b%"'$b-(b
'(-!+b-()"Hbb


DI@931<
D?@93

.+b'1-b1&)%b",bb"-b&(+b(&)%1Hb -b-!,b-!b%+'+b-(b&$bb"".%-b","('b
+*."+"' b+,+!Ib'%2,",Ib'b#. &'-Hb

!",b-()"b",b+(&bb)+(-(-2)b(.+,b(+b&' +,b(b0"%+',,b+,Hb -b",b%%bb"'$7

(#'$b.,b"-b)+,'-,bb,"-.-"('b,b('b+%b/'-,b-!-b+*."+,b%+'+,b-(b&$b
b","('b#.,-b,b-!2b0(.%b"'b-!b+%b0(+%Hb

!b (-.,/.#)(-b-b
0%(&,b%+'+,b-(b-!b
&"'b-"/"-2b(b-!b(#-b
'b)+(/",b"+-"(',b('b
!(0b-(b(&)%-b-!b
,," '&'-Hb
b
b
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b
(b
+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




%&!(



'$!$
-
(!$


b

!b%!,)/(b-b,.))%",b
-"%,b(.-b-!b,"-.-"('b
%+'+,b&.,-b"'/,-" -b'b
"'bb,(%.-"('b(+Hb +'+,b
&.,-b,(+b-!,b-"%,b
(+b,+!"' b(+bb
,(%.-"('Hb

b
!b)&#3b-b+/%,b-!b
&(,-b"&)(+-'-b(',-+"'-,b
('bb,(%.-"('Ib'&%2b
+ .%-"(',b-!-b (/+'b-!b
,"-.-"('b,+"b"'b-!b
$ +(.'Hb +'+,b&.,-b
,(+b-!",b"'(+&-"('b
(+b--&)-"' b-(b))%2b"-Hb

b
 '$!$
-
(!$



%&!(





b

!b-)/,-b-b)+,'-,bb
%",-b(b%"'$,b-(b(.&'-,Hb
+'+,b&.,-b+,+!b(-!b
-!b,"-.-"('b(b-!b,)""b
0"%+',,b+b,b0%%b,b-!b



'+"b"'(+&-"('b('b

%&!(



+ .%-"(',Hb!",b+,+!b
(''-,b%+'+,b-(b+,(.+,b
-!2b0"%%b.,b"'b-!b.-.+Hb

!b"'%b-Ib#Ib%-,b
%+'+,b!((,bb,(%.-"('Hb
!,b!(",b+b%%b
)%.,"%Ib,(b%+'+,b&.,-b
('.-b+,+!b'b
+.%%2b'%23b-!b
,"-.-"('b-(b)"$b-!b+" !-b
',0+Hb +'+,Vb","(',b
)+(/"b'b,,,,&'-b('b
!(0b0%%b-!b(#-"/b0,b
&-Hb!",b",bb(b-"/"-2Hb
b
b
b
,-b0,b."%-b.,"' b
(b+,'-+Hb

b
 



%&!(



'$!$
-
(!$


b

3?=@<5H
D?@93


,b'b1&)%b(bb(&)%1b-()"Ib0b%(($b-b-!b%+'"' b(#-b-!-b-!,b!(0b-(b,-b
-!b&-+"%b)+()+-",b"'bb(&).-+b)+( +&b%%b

Hb!b&-+"%b)+()+-",b
+b',,+2b(+b

b-(b'%23b-!b,-2b(bb&b(+b(-!+b,%()Hb(b'-+b&-+"%b
)+()+-",Ib-!b.,+b(b

b&.,-b&$b,/+%b,)+-b'-+",b('bb"%( b(1b"'b-!b
)+( +&Hb
b!b-()"b!,b,/+%b-,Ib!b(b0!"!b+/%,bb"+'-b)+-b(b-!b-()"Hb

!b0,0#1b-b)+,'-,bb
('",b)+/"0b(b0!-b%+'+,b
0"%%b%+'b(.-b!(0b-(b"'b
&-+"%b)+()+-",Hb!",b(/+/"0b
,+/,b,bb,.&&+2b,b0%%Hb

+'+,b&2b,(+b-!b
"',-+.-"(',b)+(/"b!+Hb+b
%+'+,b&2b)+"'-b-!b) b'b
.,b"-b,bb#(b"Ib0!"!b!%),b
-!&b(''-b-(b+%b0(+$Hbb
b
b

!b ),b-b,.))%",b
$ +(.'b"'(+&-"('b%+'+,b
'b(+b "''"' b-!b(-!+b
-"/"-",Hb -b1)%"',b-!b)+-,b(b
-!b&(%b-!-b0"%%bb."%-b"'b-!",b
-()"Hb

+'+,b,(+b-!",b"'(+&-"('Hb
b
b
b
b
b
b"'-+b."%-b.,"' b
(b+&0/+b
'b.,-(&b /+")-Hb+',b)-.+b0"-!b
!&"-!b' -Hb %%.,-+-"(',b+-b"'b
"+(,(-b(0+("'-Hb
b

b
 '$!$
-
(!$



%&!(



 

b

!b")1H'b-b%-,b%+'+,b
0-!bb&(',-+-"('b(b!(0b-(b
)+(+&b-!",b,-)Hb!",b-b('-"',b
%"'$,b-(b%.'!b-!b&(',-+-"('b
'b-(b",)%2bb-+',+")-b(b"-,b



/("b'++-"('Hbb

%&!(



!b&(',-+-"('b))+,b"'bb
,)+-b0"'(0b.,b-!b
-.%b)+( +&b+*."+,bb0"'(0b
%+ +b-!'b-!-b(b-!b(.+,Hb
1)+"'"' b-!",b&(',-+-"('b",b
'b
,(+b-"/"-2Hb
b
b
&(',-+-"('b."%-b0"-!b
(b)-"/-Hb
b

!b)"H'b-b%-,b%+'+,b
)+-"b)+(+&"' b-!b)+(.+Hb
+(&b-!",b) Ib-!2b%.'!bb
,"&.%-"('b"'b0!"!b-!2b-+2b-(b
)+(+&b-!b)+(.+b#.,-b
&(',-+-Hb +'+,b -b
$b'b'b+*.,-b!"'-,b(+b
"',-+.-"(',Hb

+(+&"' b-!",b,"&.%-"('b",bb(b
-"/"-2Hb
b
b
b
b
b
"&.%-"('b."%-b0"-!b
(b)-"/-Hb
b

b
 



%&!(



'$!$
-
(!$


b

!b .H'b-b "/,b%+'+,b

"',-+.-"(',b(+b'b-"/"-2b-(bb
)+(+&b0"-!b-!b+%b,(-0+Hb -b
)+(/",bb,-+-"' b&(%b'b
"',-+.-"(',b(b0!-b%+'+,b+b-(b
(b0"-!b-!b&(%Hb +'+,b&.,-b
))%2b$'(0% b "'b+(&b-!b
)+/"(.,b-0(b-,Hb

+(+&"' b'b-"/"-2b0"-!(.-b
,,",-'b.,"' b-!b+%b,(-0+b",b
b(''-b-"/"-2Hb

!b
.,b-b!%),b%+'+,b/+"2b
-!-b-!b%-_&b-"/"-2b0,b
)+(+&b(++-%2Hb -b%,(b
)+(/",b!"'-,b(+b!(0b%+'+,b'b
/+"2b-!"+b(0'b,.,,b0!'b
.,"' b-!b,(-0+b(+b-!"+b(0'b
&(%,Hb
'b"-b,. ,-,b"-"('%b
-()",b-(b).+,.Hbb

,bb0+)_.)Ib-!",b-b!%),b
%+'+,b(''-b-(b.-.+b%+'"' Hb

b
 '$!$
-
(!$



%&!(



 

b
>1D?=I
?6
1
D?@93

-Y,b%(($b-b-!b(&)(''-,b2(.b&" !-b"'b"'bb,"&)%Ib-()"_%/%b%+'"' b(#-Hb!",b
%",-b",b(&)+!',"/Kb,(b('V-b-+2b-(b"'%.b%%b-!,b"-&,b"'b/+2b-()"b2(.b+-Hb


%&!(



b

!b"+,-b-!"' b-!b%+'+b&" !-b'(-"b0(.%bb-!b-"-%b(b-!b-()"b",)%2b,bb

''+b(+b!%"'b-b-!b-()b(b-!b) Hb
(%%(0"' b-!b-"-%b&" !-bbb+"b"'-+(.-"('b-(b!%)b).-b-!b('-'-b"'b('-1-b(+b
&(-"/-b-!b%+'+b-(b(',"+b"-b+.%%2Hb.+-!+b('-1-.%b"'(+&-"('b&" !-bb
)+(/"b2b,(&b$"'b(b2(._+_!+b"'"-(+Hb

!b)+"&+2b(.,b(b-!b) b0"%%bb-!b-"/"-",Hb!",b)+-b(b-!b-()"b&2b"'%.b-1-Ib
+)!",Ib'b(-!+b&"Hb!,b(&)(''-,b0"%%b)+(/($b-!b',,+2b%+'"' b
1)+"',Hb
b-,-b0"%%b)+(/"b)+-"b'b$b-(b%-b%+'+,b&('"-(+b!(0b0%%b
-!2b(&)%",!b-!b(#-"/b(b-!b-()"Hb
'bb,.&&+2b&2bb"'%.b-(b!%)b
%+'+,b+-"'b$2b",b+(&b-!b-()"b'b-(b&$b,.+b-!-b-!(,b&+%2b,$"&&"' b+b
1)(,b-(b%%b+"-"%b",Hb
(bb(&)%-%2b,%_('-"'Ib-!b-()"b0(.%b'b-(b"'%.bb%(-b(b&-+"%b(b
"'-+,-b-(b('%2bb0b%+'+,Hb
,bb(&)+(&",Ib-!b-()"b&2b%"'$b-(b+%-b+,(.+,b
(+b-!(,b0!(b0'-b-(b(%%(0b.)b('b)+,('%b"'-+,-,b(+b-(b" b)+b"'-(b-!b&"'b
,.#-Hb
'b"-"('b-(b-!,b/","%b(&)(''-,Ib-!b-()"b&2b!/b"'/","%b"-&,Ib-2)"%%2b-(b
&$b"-b,"+b(+b%+'+,b-(b"'b-!b-()"Hb!b-()"b&2b('-"'b"'1"' b$20(+,b-!-b
'bb(&)"%b-(b)+,'-b'b%)!-"%b"'1b(+b-!-b&2bb,+!b(+b2b,+!b
' "',Hb!b-()"b&2b%,(b!/bb,+")-"('b-!-b'Ib(+b1&)%Ibb,(()b.)b'b
",)%2b,b'b'-+2b"'bb-%( b(b/"%%b-()",Hb '/","%b"-&,b%"$b$20(+,b'b
,+")-"('b+b)+-b(b0!-b+b%%b&--Ib-!-b",Ib"'(+&-"('b(.-b-!b-()"Hbb

b
  



%&!(



'$!$
-
(!$


b

'(-!+b)+-b(b-!b-()"b",b-!b&'.b'-+2b-!-b-!b%+'+b%"$b-(b#.&)b-(b-!",b-()"Hb

%-!(. !b-!b'-+2b",b",)%2b,)+-%2Ib"-b",b)+()+%2b-!(. !-b(b,b)+-b(bb,%_
('-"'b-()"Hb

)$
*
%#&%$$*)
%
*
*%&


%-!(. !b-()",b&2b"+b0"%2Ib&(,-b('-"'b,(&b,-'+b(&)(''-,Ib,.!b,bb
-"-%Ib"'-+(.-"('Ib%+'"' b-"/"-",Ib'b,,,,&'-Ib'b&--Hb!b(#-"/b "/,b
+",b-(b%%b-!b(&)(''-,b(b-!b-()"Ib'b"-b",b-!b(#-"/b "',-b0!"!b-!b+,.%-,b(b
-!,b(&)(''-,b+b#. Hb -V,b,b!(0b-(b-+',%-b-!b%+'"' b(#-"/b(bb-()"b
"'-(b-!,b(&)(''-,Hb

*9D<5
D85
D?@93


b,&%%b.-b,,'-"%b)+-b(b-!b-()"b",b"-,b-"-%Hb!b-"-%b''(.',b-!b-()"b-(b-!b0(+%b
'b&$,b)+(&",,b('b"-,b!%Hb

*9D<5C
1B5
3BE391<

"-%,b+b+."%b(+b,.,,b(b-!b-()"Hb!b-"-%b",b(-'b-!b"+,-b)+-b(b-!b-()"b-!b
%+'+b,,Ib(+b"',-'Ib"'bb&'.b,!(0"' b/"%%b-()",b(+b-b-!b,-+-b(bb%,,('b-!-b
%",-,b-!b-()",b(b-!b%,,('Hb!b-"-%b",b",)%2b"'b,+!b+,.%-,Hb!b-"-%b",b%&(,-b
.'"/+,%%2b-%( b2b,+!b' "',b'b",b-!b!" !,-b)+"(+"-2b-1-b(+bb,+!b&-!Hb

!b-()"b-"-%b",b%,(b"&)(+-'-b.,b"-b",bb)+(&",b-(b-!b%+'+Hb!b-"-%b,-+"$,bb
+ "'b0"-!b-!b%+'+Jb$b-!",b-()"b'b2(.b0"%%b "'b0!-b-!b-"-%b"&)%",Hbb

1C5
D85
D9D<5
?>
D85
?2:53D9F5

$b-!b-"-%b))+()+"-b(+b!b-2)b(b(#-"/Hb

3*H)$.#0H ),'.H ),H.#.&H 2'*&-H

,.b'bb-!-b ."%"' bb ."%"' b-+.,-b&(' b-&b

(,bHb [[[[[[[[[[[[[[[[[b
#bHb %-"' b[[[[[[[[[[[[[[[b
!((,"' b[[[[[[[[[[[[[[b
&&+,Hbb
+"-"' b2(.+b"+,-bb)+( +&Hb
"$"' b2(.+b)+,+")-"('b)%'Hb
%-"' b2(.+b-&b&&+,Hb
2"' b'(b-(b+.Hb

b
 '$!$
-
(!$



%&!(



 

b

3*H)$.#0H ),'.H ),H.#.&H 2'*&-H

)b)+(.+bb [[[[[[[[[b"' b '-+)+-"' b)''2b%"'$,Hb

-(b(&)%",!bHb [[[[[[[[[[[[[[[[b )%"' bb-+"%b+" Hbb
"'"' b&-+"%b)+("%,Hb 


()1bb(.-bHb Q&b(bRb )''2b%"'$,Hb

Q--&'-b,.&&+"3"' bRb
&#0bHb !2b[[[[[[[[[[[[[[Mb
Q(+b#.,-bb,--&'-b(bRb
&bb(.-bHb Q--&'-b-!-b"&)%",bb
(.-bRb
b
%&!(




b"+,b2b)+(/"'Hb
!2b,%()b,-"%"-2b&--+,Hb
/+ b"'/,-&'-,b+b+",$2Hb
/+2('b+"' ,b,(&-!"' b-(b-!b
-&Hb
%()b"%.+,b$"%%b)()%Hb

?=@?C5
1
=51>9>76E<
D9D<5

!b-"-%b",b-!b"+,-b)+-b(bb-()"b-!-b%+'+,b+Hb
b ((b-"-%b""'-%2b-%%,b-!b
%+'+b0!-b*.,-"('b-!b-()"b',0+,Hb
b ((b-"-%b",Jb

#-.#(.Hb,"%2b",-"' .",!b+(&b'&,b(b(-!+b-()",Ib%,,(',Ib-"/"-",Ib'b(-!+b
(&)(''-,Hb

)(.2.G ,Hb(b'(-b)'b('b-!b('-1-b(+b(-!+b,.++(.'"' b"'(+&-"('b-(b&$b
,',b(b-!b'&Hb(+b-!",b+,('Ib/("b)+('(.',b"'b-"-%,HbW!2b-!",b",b,(Xb",b
&'"' %,,b(.-b(b('-1-Hb

(,-.(&Hb,b,-'+b +&&+b'b-+&,b&'"' .%b-(b-!b++Hbb
+.%b(.-b.,"' b(""%b-+&"'(%( 2b-!-b%+'+,b0"%%b.'+,-'b('%2b-+b
(&)%-"' b-!b-()"Hb

((&Hb $b-!b&'"' b(/"(.,b"'bb %'b0"-!(.-b.+-!+b+"' Hb.-b-!b
&(,-b"&)(+-'-b0(+,b-b-!b "''"' b(b-!b-"-%b,(b-!2b+b'(-"b'b'(-b.-b(b"b
-!b%",-b(b-"-%,b",b'++(0Hb!' bW(0b2(.b'b&$b+"',Xb-(bW $"' b+"',HXb

"'.#Hb!b%+'+b'b)+"-b-!b('-'-,b(b-!b-()"b+(&b-!b-"-%Hbb0!-!+b
%+'+,b'b&-!b-"-%,b-(b-!b(#-"/,b(b-!b-()",Hb

).#0.#)(&Hb!b%+'+b+( '"3,bW0!-V,b"'b"-b(+b&HXb(&)+bW"%%"' b"'b-!b
;<8?^ b(+&Xb-(bW."' b'$b+.HXb
/+2b-()"b,!(.%b!/bb.'"*.b-"-%b-!-b%+'+,b0"%%b.'+,-'Ib/'b0!'b-!2b,b
-!b-"-%b)+-b+(&b-!b-()"Hb-'b%+'+,b&.,-b)"$bb-()"b+(&bb%",-b(b-()"b-"-%,Hb
b
$'(0% %b%+'+b,!(.%bb%b-(b .,,b-!b('-'-b(b-!b-()"b+(&b"-,b-"-%Hbb

b




%&!(



'$!$
-
(!$


b
>4
1
C8?BD
D9D<5
D??

!'b2(.b-"-%b2(.+b(#-Ib-$bb0b,(',b-(b("'bb,!(+-+b(+&b(b-!b-"-%Hb!",b
,!(+-+b(+&b&2b--+b"-b('-(b'++(0b&'.,Hb!",b&2bb&(+b-"/b-!'b!/"' b
-!b",)%2b!()b(b%%b.-b-!b"+,-b0b0(+,b(b-!b-"-%b(+b%,b0+)b-!b-"-%b-(b,/+%b
%"',Hb
)(!H.#.&H   
  
  
 
b

)(!H.#.&H")**H    
   
 bb

)(!H.#.&H1,**H   
  


    b
"),.,H ),'H   
 
b

(b,!(+-'bb-"-%Ib)"$b(.-b-!b&(,-b"&)(+-'-b/+,b'b'(.',b+(&b-!b%(' b-"-%Hb

+/"-b"b',,+2Ib.-b&$b,.+b%+'+,b0"%%b+( '"3b-!b+/"-"('Hb b
)(,,"%Ib)+(/"bb-((%b-")b(+b!(/+b-1-b-!-b",)%2,b-!b.%%b-"-%b0!'b-!b%+'+b&(/,b
-!b.+,(+b(/+b-!b,!(+-b-"-%Hb
+b+b,(&b1&)%,b(b%(' b'b,!(+-b-"-%,Jb
,#!#(&H.#.&H "),.H ),'H) H."H.#.&H
'-+)+-"' b)''2b%"'$,b )''2b%"'$,b
)%"' bb-+"%b+" b )%b+" b
"'"' b&-+"%b)+("%,b +("%,b

>DB?4E35
D85
D?@93

(b2(.b#.,-b"/b"'-(b-!b!+-b(b-!b-()"Ib(+b(b2(.b)+(/"b'b"'-+(.-"('b-(b '-%2b
,b-!b%+'+b"'-(b-!b,.#-Mb
'b!(0b,!(.%b2(.b"'-+(.b-!b,.#-b(bb-()"Mb

?
I?E
>554
1>
9>DB?4E3D9?>

!'b%+'+,b&2b#.&)b+(&b-()"b-(b-()"Ib"'-+(.-"(',b+b,)"%%2b"&)(+-'-Hb(0b
&.!b(b'b"'-+(.-"('b,!(.%b2(.b"'%.Mb!-b)',b('b!(0b-!b%+'+b -,b-(b-!b
-()"Hb

b
 '$!$
-
(!$



%&!(





b

  

   





 

 !
!
! 
  
  


%&!(



  

     



 

 
b

+'+,b&2b -b-(b-!b-()"b%(' bb-+"%b(b-()",b2b+)-%2b)+,,"' b-!b2.b$2Hb

.,b!b-()"b"'-+(.,b-!b'1-Ib/+2b%"--%b"'-+(.-"('b",b'Hb(&-"&,b-!b
%+'+b&2b -b-(b-!b-()"b2b,2,-&-"%%2b'/" -"' bb!"++!2b(b&'.,Hb.,b
-!b)-!b",b,2,-&-"Ib-!b'b(+b'b"'-+(.-"('b",b&(+-Hb-!+b-"&,b-!b%+'+b
&2b#.&)b-(b-!b-()"b+(&bb",-'-b-()"b(+b"'b-!b-()"b.,"' bb,+!b)+(,,Hb 'b-!",b
,Ib-!b'b(+b'b"'-+(.-"('b",b!" !Hbb

H1=@<5C
?6
9>DB?4E3D9?>C

+b+b,(&b1&)%,b(b"'-+(.-"(',b,b('b-!b(#-"/b(b-!b-()"b'b!(0b-!b
-()"b0"%%bb,,Hb

H1=@<5
>D5B@B5D9>7
45@5>45>3I
<9>;C

$.#0H !b!(0b-(b+( '"3b'b(++-%2b"'-+)+-b)''2b%"'$,b-(bb&"_
%/%b&' +b(+b,.)+/",(+b0!(b'b"'-+)+-b-,$b+,b('bb'--b!+-Hb
(.,)/.#)(H ,--&'-b(b)++*.","-b$'(0% b-(b,-b-!b('-1-JbW)''2b
%"'$,b,!(0b-!b+%-"(',!")b-0'b-!b,-+-b'b"'",!b(b-0(b-,$,Hb(+b
1&)%Ib-!b+*."+&'-b-!-b,$b
b&.,-bb(&)%-b(+b,$bb
'b,-+-HXb

H1=@<5
(5@<139>7
1
DB19<
2B9475

$.#0H !b!(0b-(b"b-!bW&"'"&.&b-"('Xb',,+2b-(b&"'-"'bb-+"%b
"'bb0"%+',,b+b-(bb0"%+',,b&' +b0!(b.'+,-',b-!b
)+"'")%,b(bW&"'"&.&b-"('Xb'b!,b,,b-(b.'+%2"' b+ .%-"(',b
'b_,b+,(.+,Hb
(.,)/.#)(H &&"-b)+,'--"('b(b-!b,'+"(b)+(%&b-!b%+'+b",b-(b,(%/Hb!b
)+(%&b",b,--b"'bb,)!b%%(('b(/+b-!b"& b(bb-+"%b&' +b
,-'"' b,"bb,-+&Hb

b




%&!(



'$!$
-
(!$


b
H1=@<5
569>9>7
=1D5B91<
@B?69<5C

$.#0H !b!(0b-(b.,b-!b -+"%b+("%b"%( b(1b"'b

b-(b"'b-!b
+(,,b,-"('b(+bb%2+b(b&-+"%b"'bb,%()_,-"%"-2b&(%b-(b'b
' "'+b+,)(',"%b(+b,-2b(b,%(),b"'b()'_)"-b&"',b0!(b'b.,b


b-(b+-bb&(%b(bb,%()b.)b-(b-!b)("'-b(b"'"' b+(,,b
,-"(',Hb
(.,)/.#)(H ('-1-b(b-!b-()"b"'b-!b(/+%%b)+(,,b'bb+,--&'-b(b
)++*.","-b$'(0% JbW!b'1-b,-)b"'b"'"' b(.+b&(%b",b-(b"'b
-!b)+("%,b(+b!b(b-!b&-+"%,b"'b2(.+b&(%Hb -+"%b)+("%,b+b
"'b,bb,+",b(b%"',Ib"'b-.+'b&b.)b(bb,+",b(b1_2b(_(+"'-b
)"+,HXb

1C5
D85
9>DB?4E3D9?>
?>
D85
DI@5
?6
?2:53D9F5


,b0"-!b%%b(-!+b(&)(''-,b(b-!b-()"Ib0b%(($b-(b-!b(#-"/b(+b ."'Hb $b-!b
"'-+(.-"('b))+()+"-b(+b!b-2)b(b(#-"/Hb

3*H)$.#0H 3*H#(.,)/.#)(H

,.b'bb-!-b !2b+-bHbb
(,bHb '-"('bb'b"-,b/%.b-(b-!b%+'+Hb
#bHb --&'-b(b-!b*.,-"('b(+b",,.b-(bb"Hb
!'b-!b","('b",b',,+2Hb
--&'-b-!-b-!b","('b",b(-'b&b"'(++-%2Hb
)b)+(.+bb-(b !2b)+(+&b-!b)+(.+Hb!-b"-b(&)%",!,Hb
(&)%",!bHb !'b-(b)+(+&b-!b)+(.+Hb
'_,'-'b(/+/"0b(b-!b)+(.+Hb
()1bb(.-bHb ('-1-b(bb"'-(b0!"!bb"-,Hbb
,--&'-b(b)++*.","-b$'(0% Hb
.,-"('b-!-bb',0+,Hb
&#0bHb .++'-b%"bO-!-b(,b'(-b"'%.bPHb
-+-%"' b+,('b-(b%"/bHb
&bb(.-bHb ('-1-b(bHb!-b",bMb
--&'-b(b!(0b-!b%+'+b)+(%2b%,b(.-bb'(0Hb
b

(+b&(+b1&)%,b(b"'-+(.-"(',Ib,b')(8$8('7*)+8$*"#)(8/"%%b-b
!(+-('H(&Hbb

b
 '$!$
-
(!$



%&!(





b
5C97>
1
7??4
9>DB?4E3D9?>


b ((b"'-+(.-"('b0%(&,b'b(+"'-,b-!b%+'+Hb -b!%),b-!b%+'+b,b!(0b-!b
-()"b+%-,b-(b(-!+b-()",b'b-(b-!b(.+,b,bb0!(%Hb
b ((b"'-+(.-"('b,!(.%Jb

)( #,'H.".H&,(,-H,H#(H."H,#!".H&).#)(Hb -b%-,b%+'+,b/+"2b-!-b-!2b#.&)b 


-(b-!b+" !-b-()"Hb -b)+(/",b'(. !b"'(+&-"('b-(b%-b-!&b"b0!-!+b-(b

%&!(



('-"'.b0"-!b-!b-()"b(+b+,.&b,+!"' b%,0!+Hb

,#(.H&,(,-b0!(b#.&)b"+-%2b-(b-!",b-()"b+(&b+b02Hb -b)+(/",b'(. !b(b
b)+/"0b-!-b%+'+,b.'+,-'b0!-b-!b-()"b0"%%b(b(+b-!&Hb

.H."H)(.2.b(+b-!b+,-b(b-!b('-'-b(b-!b-()"Hb+)+,b%+'+,b-(b"'-+)+-b
0!-b-!2b+Ib,Ib'b!+Hb

).#0.H*,H-./3Hb!b"'-+(.-"('b "/,b%+'+,b+,(',b-(b,-.2b!+Hb
(+b&(,-b-()",Ib('%2bb,!(+-b"'-+(.-"('b",b',,+2Hb
b(.)%b(b,'-',b'bb,"' %b
+)!"b.,.%%2b,."Hb

*5CD
<51B>9>7
9>
D85
D?@93

!b-()"b,!(.%b/+"2b-!-b"-b(&)%",!b"-,b(#-"/Hb
b,"&)%b-,-b0"%%b(b-!",Hb -b0"%%b
/+"2b%+'"' b-(b+,,.+b-!b%+'+b'b-(b,,",-b-!b/%()+b"'b"&)+(/"' b-!b-()"Hb
!)-+b=b,!(0,b,/+%b-2),b(b(+&%b-,-,b2(.b'b."%b"'-(b2(.+b-()",Hb 'b"-"('Ib
&'2b(b-!b-"/"-",b,. ,-b"'b!)-+,b:Ib;Ib'b<b'b!%)b%+'+,b'b," '+,b
. b!(0b&.!b%+'"' b(.++Hb

H1=@<5C
?6
D5CDC
21C54
?>
?2:53D9F5C

!b-,-b.,b-(b&,.+b,.,,b(b-!b-()"b&.,-b/+"2b-!-b"-,b(#-"/b0,b
(&)%",!Hb+b+b,(&b1&)%,Jb

H1=@<5
>D5B@B5D9>7
45@5>45>3I
<9>;C

$.#0H !b!(0b-(b+( '"3b'b(++-%2b"'-+)+-b)''2b%"'$,b-(bb&"_
%/%b&' +b(+b,.)+/",(+b0!(b'b"'-+)+-b-,$b+,b('bb'--b!+-Hb
-.H ++"' b-(bb'--b!+-Ib',0+b"/b*.,-"(',b,.!b,b0!"!b-,$b)',b
('bb)+-".%+b-,$b(+b0!"!b-,$,b&.,-bb(&)%-b(+b'(-!+b-,$b'b
 "'Hbb

H1=@<5
(5@<139>7
1
DB19<
2B9475

$.#0H !b!(0b-(b"b-!bW&"'"&.&b-"('Xb',,+2b-(b&"'-"'bb-+"%b"'bb
0"%+',,b+b-(bb0"%+',,b&' +b0!(b.'+,-',b-!b)+"'")%,b(b
W&"'"&.&b-"('Xb'b!,b,,b-(b.'+%2"' b+ .%-"(',b'b_,b
+,(.+,Hb

b




%&!(



'$!$
-
(!$


b
-.H *."+b%+'+,b-(b"b&(' b"/b(.+,,b(b-"('Hb%-"('b0"%%b+*."+b
#. &'-b'b(&)+(&",Hb!(",b+)+,'-b-+(,b&(' b"'/,"/',,Ib
('(&2Ib'b%(' /"-2Hb(+b1&)%Ib('b!("b",b&(+b",+.)-"/b(b-!b
'/"+('&'-b.-b0"%%b'(-b!/b-(bb+)-b/+2b0b2+,Hbb

H1=@<5
569>9>7
=1D5B91<
@B?69<5C

$.#0H !b!(0b-(b.,b-!b .,#&H,) #&b"%( b(1b"'b

b-(b"'b-!b
+(,,b,-"('b(+bb%2+b(b&-+"%b"'bb,%()_,-"%"-2b&(%b-(b'b' "'+b
+,)(',"%b(+b,-2b(b,%(),b"'b()'_)"-b&"',b0!(b'b.,b

b-(b
+-bb&(%b(bb,%()b.)b-(b-!b)("'-b(b"'"' b+(,,b,-"(',Hb
-.H
,,,,&'-b",b)+(/"b"'b-0(b02,Jb
!b,-),b(b-!b(!_&b-"/"-2b'bb"'"/".%%2b,(+b'b'b(/+%%b
,(+b+)(+-bOb%b Pb-(bb Hb
!b"'%b%-_&b-"/"-2b-,-,b%+'+,Vb"%"-2b-(b)+(+&b-!b)+(.+b
.'"Hb

&93;
D5CD
6?B
DI@5
?6
?2:53D9F5

!b-2)b(b-,-b2(.b.,b)',b('b-!b-2)b(b%+'"' b(#-"/Hb+b+b,(&b
,. ,-"(',b-(b -b2(.b-!"'$"' b%(' b-!,b%"',Jb

3*H)$.#0H )1H----H

,.b'bb-!-b "/b-!b%+'+b-!b,," '&'-b-(b+-bb'b-!b+,(.+,b

(,bHb ',,+2b-(b(b,(Hb,+/b0!-!+b-!b%+'+b(,b,(b
,.,,.%%2Hb
#bHb "/b-!b%+'+b,"-.-"(',b-!-b%%b(+b-!b","('b'b-!b
',,+2b"'(+&-"('b'b(-!+b+,(.+,b'b(,+/b0!-!+b
-!b%+'+b&$,b-!b(++-b","('Hb
)b)+(.+bb-(b *."+b-!b%+'+b-(b+( '"3b,"-.-"(',b"'b0!"!b-!b
(&)%",!bHb )+(.+b,!(.%bb))%"b'b-(b)+(+&b-!b)+(.+Hb
()1bb(.-bHb ,-b0!-!+b-!b%+'+b'b+%%b'b"'-+)+-b-,Ib)+"'")%,Ib
'b(')-,Hb
&#0bHb +"2b-!-b-!b%+'+V,b,--&'-,b'b-"(',b+b ."b2b
-!b%"Hb
&bb(.-bHb +"2b-!-b-!b%+'+V,b,--&'-,b'b!(",b+/%b-!b
,"+b&(-"('Hb
b

b
 '$!$
-
(!$



%&!(





b
)@5396I
<51B>9>7
13D9F9D95C
6?B
D85
D?@93

+'"' b-"/"-",b+b-!b!+-b(b-!b-()"Hb!2b)(0+b-!b%+'"' Hb!)-+,b:Ib;Ib'b<b
'b,. ,-b,)""b-"/"-",b(+b2(.b-(b(',"+Hb



H1=@<5C
?6
<51B>9>7
13D9F9D95C
9>
D?@93C

%&!(



'b "'Ib!+b+b(.+b-"-%,b'b(#-"/,Hb(+b!b(#-"/Ib-!+b",bb,%-"('b(b

,(+Ib(Ib'b(''-b-"/"-",b%",-Hb

H1=@<5
>D5B@B5D9>7
45@5>45>3I
<9>;C

$.#0H !b!(0b-(b+( '"3b'b(++-%2b"'-+)+-b)''2b%"'$,b-(bb&"_
%/%b&' +b(+b,.)+/",(+b0!(b'b"'-+)+-b-,$b+,b('bb'--b!+-Hb

.#0#.#-H H'H"'-+(.-"('b('-"'"' bb"'"-"('b(b)''2b%"'$,b'bb
,--&'-b(b0!2b-!2b+b"&)(+-'-Hb
#1H'b'"&-"('b-!-b)("'-,b(.-b)''2b&+$+,b'b!(0b-!2b
(''-b-,$,Hb
Hb,.&&+2b(b0!-b)''2b&+$+,b+Hb
"#(%b&(+b(.-b'--b!+-,b2b"'"' b-!&b"'b2(.+b(0'b0(+$Hb

H1=@<5
(5@<139>7
1
DB19<
2B9475

$.#0H !b!(0b-(b"b-!bW&"'"&.&b-"('Xb',,+2b-(b&"'-"'bb-+"%b"'bb
0"%+',,b+b-(bb0"%+',,b&' +b0!(b.'+,-',b-!b)+"'")%,b(b
W&"'"&.&b-"('Xb'b!,b,,b-(b.'+%2"' b+ .%-"(',b'b_,b
+,(.+,Hb

.#0#.#-H Hb,+")-"('b(b-!b,"-.-"('b'b,.&&+2b(b-!b+ .%-"(',Hb"-.-"('b
",b-!-bb-+"%b+" b!,b(%%),b.b-(b+(-Hb .%-"(',b)+&"-b-"(',b-(b
+()'b-!b-+"%Ib)+(/"b-!2b+b-!bW&"'"&.&b-"('Xb,b"'b"'b
% ",%-"('Hb
-,"b-!b,"-.-"('Hbb(.-b-!b0"%+',,b+b'b-!b-+"%b-(b%+'b
!(0b"-b",b.,Hb1&"'b&),b-(b,(.-b(.-b%-+'-"/b+(.-,b'b-(b"'-"2b
+,(.+,b-!-b(.%bb.,b-(b+."%b-!b+" Hb
-,"b+ .%-"(',Hb1&"'b%0,Ib+ .%-"(',Ib+-"%,Ib'b,b,-.",b-(b
"'-"2b",,.,b-!-b&.,-bb(',"+b"'b&$"' bb","('Hbb
#b2b!((,"' b&(' b"/b)%.,"%b%-+'-"/b(.+,,b(b-"('Hb

H1=@<5
569>9>7
=1D5B91<
@B?69<5C

$.#0H !b!(0b-(b.,b-!b .,#&H,) #&b"%( b(1b"'b

b-(b"'b-!b
+(,,b,-"('b(+bb%2+b(b&-+"%b"'bb,%()_,-"%"-2b&(%b-(b'b' "'+b
+,)(',"%b(+b,-2b(b,%(),b"'b()'_)"-b&"',b0!(b'b.,b

b-(b
+-bb&(%b(bb,%()b.)b-(b-!b)("'-b(b"'"' b+(,,b,-"(',Hb

b




%&!(



'$!$
-
(!$


b

.#0#.#-H b'b(/+/"0b(b-!b,-),b(b-!b)+(.+Hb
H)/.H(H0#1b,)-,b(b-!b(' ("' b1&)%b-!-b0"%%bb"%%b"'b
.+"' b-!",b)!,Hb
."H(H&#-.(b-(bb&(',-+-"('b(b,--"' b&-+"%b)+("%,b"'b

Hb
, ),'bb,"&.%-b)+(.+b,b('b-!b)+(.+b&(',-+-Hb
"/b$b'b!"'-,b,b',,+2Hb
, ),'b-!b)+(.+b(+b+%Hb +'+,b"'bb,)""b&-+"%b)+("%b
.,"' b

Hb +'+,b-!'b(&)+b+,.%-,b-(b-+ -b+,.%-,Hb

&93;
13D9F9D95C
6?B
D85
DI@5
?2:53D9F5

-V,b%(($b-b-!b$"',b(b%+'"' b1)+"',b-!-b2(.b&" !-b'b(+b!b(b-!b
"+'-b-2),b(b%+'"' b(#-"/,Hb!",b",b('%2bb,-+-+b,-Hb(%.&,b!/b'b0+"--'b
(.-b!(0b-(b)"$b-"/"-",b-(b-!b/+"(.,b(#-"/,Hb-"%%Ib-!",b,!(.%b -b2(.b,-+-Hbb

3*-H) H ,(#(!H.#0#.#-H.)H)(-#,H
)$.#0-H

-),H )H )((.H

,.b'bb +,'--"('b(b-!b +-"b+-"' b'b +-b'bb(+b-!b

-!-b(,bHb +*."+&'-,b(bHb b-!-b(,bHb %+'+V,bHb
&(',-+-"('b(b
!(0b-(b.,b-((%,Hb
#bHb b(+b0-!b +-"b""' b b(',*.',b(b
)+,'--"(',b('Jb .,"' b/+"(.,b ","(',Hb
 .%,b(+b ,,.&)-"(',Hb "b(+b,"-.-"(',b

"'b-!b%+'+V,b%"Hb
""' Hb
 (0b-(b -!+b


"'(+&-"('Hb
 ,(',b(+b


!b()-"('Hb
)b)+(.+b -!bb +-"b)+(+&"' b '-"2b)+,('%b
b-(b &(',-+-"('b(b -!b,-),Hb ,"-.-"(',b"'b0!"!b
(&)%",!bHb -!b,-),Hbb -!b)+(.+b0"%%b
b1&)%,b(b ))%2Hb
('"-"(',b-!-b '-"2b!(0b"-b&.,-b
-+" +b-!b b&(""b-(b
)+(.+Hb ))%2Hb

b
 '$!$
-
(!$



%&!(





b

3*-H) H ,(#(!H.#0#.#-H.)H)(-#,H
)$.#0-H

-),H )H )((.H

()1bb(.-b Ib%",-'Ib0-!b +-"b"'-"2"' b '-"2b,"-.-"(',b"'b 

Hb b)+,'--"('b('b b"'b/+"(.,b 0!"!b-!",b

%&!(



Hb ,"-.-"(',Hb $'(0% b))%",Hb

))%2b$'(0% b-(b
b)+,('%b,"-.-"('Hb
&#0bHb +,'--"('b(+b '+bb+(&b-,b
$'(0% b
+"' ,b('Jb 'b+,(',Hb !' b(b%",Hb
 ,(',b(+bHb
))%2b'0b%",b-(b

)+,('%b,"-.-"('Hb
 -,b,. ,-"' b


Hb
&bb(.-bHb +,'--"('b'b ,)('b-(b --b-!b)+,('%b
+"' ,b('b ,"-.-"(',b"'b0!"!b -b(b%"' bHbb
+,(',b-(b%bHb b-+" +,bHb
& b,,("-"' b
b'bHb
b

(+b&(+b('b!((,"' b-"/"-",b(+b,)""b%+'"' b(#-"/,Ib (b-(b) b==b"'b!)-+b9Hb

)E==1B9J5
D85
D?@93

bb-()"b(',",-,b(b&(+b-!'bb,"' %b,+(%%"' b3('b(b"'(+&-"('Ib2(.b&2b0'-b-(b
"'%.bb,.&&+2Hbb

-85>
D?
9>3<E45
1
CE==1BI

!b,.&&+2b "/,b-!b%+'+b'(-!+b!'b-(b%+'Hb -b%,(b!%),b%+'+,b/+"2b-!-b
-!2b*."+b-!b',,+2b$'(0% Hb
b ((b,.&&+2b&2bb%%b-!-b",b'b2b
%+'+,b+-.+'"' b(+bb++,!+b(+b(+b%+'+,b0!(b%+2b$'(0b&.!b(.-b-!b
,.#-b'b('%2b'b-(b1-'b-!"+b$'(0% bb%"--%b"-Hb

>3<E45
1
B51<
CE==1BI

'2b-()",b!/bb) b(+b,-"('b-"-%bW.&&+2IXb.-b%$b'2b-+.b,.&&+2Hb
b+%b
,.&&+2b,--,b-!b$2b)("'-,b-!b%+'+b,!(.%b$'(0b(+b'"' b-!b-()"Hb '2b,(_
%%b,.&&+",b&+%2b+,--b-!b(#-"/,Hb b-!"'$b%32b," '+,b+b-(b%&Hb

b




%&!(



'$!$
-
(!$


b
+b",bb(&)+",('b(b-0(b,.&&+",Hb!b"+,-b,.&&+2b",b#.,-bb+,--&'-b(b-!b
-()"b(#-"/,Hb!b,('b,.&&+2b",bb-+.b,.&&+2b-!-b,b"-"('%b/%.b(+b
-!b%+'+Hbb

 H)b
H-b
!",b&(.%b-. !-b!(0b-(Jb (b-.HH-.,.#(!H.#'Ib,%-b-!b-"&b
'b-!'b-2)b"'b&"'.-,b'b
 -bb,-+-"' b-"&b.,"' b-!b

,(',Hb
$2(+Hb
(b$/-.H."H.#'<b.,b-!b/*b'b
 ,b.--(',b-(b#.,-b-!b-"&Hb

)1(b.--(',Hb
 "$bb)+,('b-b3+(b-"&Hb (b-*# 3H1".H.)H*#%Ib,%-b-!b


 "$bb-&b-b3+(b-"&Hb 'b(+b,-)(b!$(1Hb

(b-*# 3H*)*&b-(b)"$b+(&Ib%"$b
 )"2b-!b)()%b-(b)"$b+(&Hb

-!b*# 3H*)*&b.--('Hb(+b-&,Ib
 )"2b-!b-&,b-(b)"$b+(&Hb %"$b-!b*# 3H.'-b.--('Hb

?=29>5
?F5BF95G
1>4
CE==1BI

'b02b-(b,"&)%"2b2(.+b-()"b",b-(b," 'b-!b,.&&+2b,b'b(/+/"0b'b).-b"-b+%2b
"'b-!b-()"Hbb

!b

8!$%8)!).8

#!.((b(.+,b(,b#.,-b-!",Hb!b
-()",b(+b!b)+(.+b "'b
0"-!b'b0,0#1b-b-!-b,+/,b
,b(-!bb)+/"0b(b-!b,-),b-(bb
%+'b'bb,.&&+2b(b-!(,b
,-),Hb
b
b
b
b
b
b
b
b"'-+b."%-b.,"' b
(b+&0/+b
'b.,-(&b /+")-Hb+',b)-.+b0"-!b
!&"-!b' -Hb %%.,-+-"(',b+-b"'b
"+(,(-b(0+("'-Hb
b

1C5
D85
CE==1BI
?>
D85
DI@5
?6
<51B>9>7
?2:53D9F5

!b(%%(0"' b#(b"b,. ,-,b!(0b-(b,bb-()"V,b,.&&+2b('b-!b-2)b(b%+'"' b
(#-"/b(+b-!b-()"Hb(+b!b(b-!b,"1b-2),Ib"-b,. ,-,b!(0b-(b,.&&+"3b-!b-()"Hb

b
 '$!$
-
(!$



%&!(





b
.))(,Ib(+b1&)%Ib2(.b+b," '"' bb-()"b-(b-!b!(0b-(b&$bb","('Hb(.b
%(($b"'b-!b2)b(%.&'b-(b"'bW"bXb'b-!'b&(/b+(,,b-(b-!b+" !-b-(b"'b-!+b
,. ,-b02,b-(b,.&&+"3b-!b-()"Hbb

3*-H) H)$.#0-H )1H.)H-/'',#4H 

,.b'bb-!-b '+%"3b+)b(b-!b)+(.+b(+b)+(,,b(+b+-"' bHb

%&!(



(,bHb (+&-b,bb#(b"Hbb b
#bHb +"b+)b(b+.%,b(+b""' Hb
_!'b-%b-(b ."b","('Hb
'&('"b(+b-!b+.%b.,b-(b"Hbb
)b)+(.+bb-(b '+%"3b+)b(b-!b)+(.+Hb
(&)%",!bHb !$%",-Ib&)Ib(+b%(0!+-b(b-!b)+(.+Hbb
()1bb(.-bHb ",-b(b$2b-,b-(b+&&+Hbb
'&('"b-(b"b"'b+&&+"' Hb
(')-.%b" +&Hb
&#0bHb &"'+b(b-!b/"'b(+b%"/"' bHb
'.&+-"('b(b0!-b-!b%+'+b,!(.%b'(0b%"/Hb
&bb(.-bHb (' +-.%-"(',b+(&b,(&('b0!(b%,b-!b,&b02Hbb
b

"9>;
D?
B5<1D54
=1D5B91<

%b%"b",b,%(&b,"&)%Hb+(%&,b2b,"&)%b,(%.-"(',Ib'b0(+$b&',bb0"b&"1b
(b,$"%%,b'b$'(0% Hb()",b&.,-b)+(/"bb/+"-2b(b%+'"' b1)+"',b'b
++'b&-+"%,Hb
$b"-b,2b(+b%+'+,b-(b+b+%-b-()",b'b&-+"%,Hb.-b!2)+%"'$,b-(b(-!+b
-()",b%+'+,b&2b'Hb 'b!b-()"Ib)+,'-b#.,-b('b&"'b"Hb "'$b-(b(-!+b-()",Ib
+-!+b-!'b"'%.b-!"+b"'(+&-"('Hbb

b
b




%&!(



'$!$
-
(!$


b
"'$b-(b++'b&-+"%,b(+b-(b(-!+b-()",b(+b$ +(.'b-!(+2Ib&(+b-"%,b(+bb
)+(.+Ib1)-"(',b-(bb+.%Ib,.,*.'-b-"(',b(+bb)+(.+Ib"'"-"(',b(b-+&,Ib
'b)++*.","-,b(+b+*."+&'-,b(+b "''"' b'b-"/"-2Hb

?>>53D
B5<1D54
;>?G<5475

('-"'.%%2b,$b2(.+,%IbW!-b(-!+b"'(+&-"('b0(.%b!%)b-!b%+'+MXb,b
!2)+%"'$,b-(b%-b%+'+,b*."$%2b"'b%%b-!b"+'-b$"',b(b"'(+&-"('b-!2b'b-(b
',0+b-!"+b*.,-"(',Hb(',"+b%"'$"' b-!,b$"',b(b"'(+&-"('bO(-"b,(&b
!2)+%"'$,b+b-0(_02b'b(-!+,b+b#.,-b('_02PJb

-),b"'bb)+(.+b b (')-b"'/(%/b

b,-)b"'bb)+(.+b b !b'1-b,-)b"'b-!b)+(.+b

'b02b(b("' bb-,$b b
'(-!+b02b

/+/"0b b )""b-"%,b

+&b b "'"-"('b

+"'")%b(+b(')-b b ('+-b1&)%,b-!-b"%%.,-+-b"-b

'+%b+.%b b 1)-"(',b-(b-!b+.%b

+'-b-()"b b !"%b-()"b

'(0% b(+b,$"%%b b ++*.","-b$'(0% b(+b,$"%%b

-V,b%(($b-b!(0b,(&b-()",b'b%,,(',b1)'b-!b)(-'-"%b%+'"' b1)+"',b2b
%"'$"' b-(b+%-b&-+"%,Hb

!b(##8 #$,!8
'$*)(8(.+,b "',b!b
%,,('b0"-!b++',b-(b
)++*.","-,b'b+%-b
"'(+&-"('Hb!,8%"'$,b-$b
-!b%+'+b-(b-()",b"'b(-!+b
%,,(',b(+b-(b(.&'-,b(.'b
%,0!+b('b-!bHb
b b

b
 '$!$
-
(!$



%&!(





b

'b-!b

8!$%8
)!).8
#!.((b(.+,Ib
-!b-()"b('b))%2"' b'b
'%2,",b-!'"*.b
('-"',bb%"'$b-(bb



(.&'-b1)%"'"' b-!b

%&!(



&-!(b(b%.%-"('b
.,b"'b-!b-!'"*.Hb

+'+,b0!(b0+b
"'-+,-b"'b%+'"' b
&(+b(.-b-!b
&-!&-",b"'/(%/b"'b
-!b-!'"*.b(.%b
(0'%(b'b+b-!",b
(.&'-Hb
b

"9=9D
6B556?B=
8I@5B<9>;C

"&"-b+_(+&b!2)+%"'$,Hb!,b+b%"'$,b-!-b#.&)b" ('%%2b+(,,b-!b(+ '"3-"('%b
!"++!2Hb.!b%"'$,b%b-(b-!b)#!8+#8!""Hb b2(.b"'%.bb-()"b"'b2(.+b
_%+'"' Ib2(.b&.,-b"'%.b%%b-!b-()",b"-b%"'$,b-(Hb
'b%%b-!b-()",b-!2b%"'$b-(Hb
'b
%%b-!2b%"'$b-(Hb
'b,(b('b'b('Hb
'b&"%%2b)"'.%b,(%.-"('b&2bb-(b'%b+_(+&b'/" -"('b('%2b-!+(. !b-!b
&'.Ib-!b"'1Ibb,+!b"%"-2Ib(+b.-(&-"%%2b '+-b'1-b'b)+/"(.,b%"'$,Hb!b
,(%.-"('b",b)"'.%b.,b"'"' b+%-b-()",b'(0b+*."+,b(',"(.,%2b,+!"' b(+b
-!&Hb.-b-!b+,.%-b",b-!-b-!b-()",b'b%,,(',b2(.b+-b'bb+.,b+%2Hbb

'b-!'"*.b-(b.,b",b-(b,. ,-b,+!b-+&,b-(b-!b%+'+b0!(b',b-(b"'b+%-b
-()",Ib(+b1&)%IbW(+b&(+b-"%b"',-+.-"(',Ib,+!b(+b)#8(#)#(b#b,$'(HXb

-B9D5
=5D141D1

--b",b#.,-b,+")-"/b%%"' Hb!b-+&b&--b&',bW"'(+&-"('b(.-b
"'(+&-"('HXb -b",b#.,-bb'2b02b-(b++b-(b-!b,+")-"/b%%"' b-!-b'bb.,b2b
%+'+,b-(b"'b-()",b-!2b0'-b-(b-$b'b2b/%()+,b-(b"'b-()",b-!2b0'-b-(b
"'%.b"'b-!"+b(.+,,Hb

b




%&!(



'$!$
-
(!$


b
'.,-+2b,-'+,b"'b,)""b&--b"-&,Ib'b&'2b.-!(+"' b-((%,b%/b,%(-,b
('b-!"+b"%( b(1,b0!+b2(.b'b'-+b&--b(+b2(.+b-()",b'b(-!+b
(&)(''-,Hb

>3<E45
;5IG?B4C
1>4
1
45C3B9@D9?>

0(b&--b"-&,b+b,)"%%2b"&)(+-'-b(+b," '+,b(b-()",Jb-!b,+")-"('b'b
$20(+,Hb
%-!(. !b-!,b"-&,b&2b'(-bb/","%b-(b%+'+,b,b-!2b-$b-!b-()"Ib-!2b
'b!%)b%+'+,b'b/%()+,b"'b-!b-()"b0!'b-!2b'b"-Hb

!b$20(+,b&2bb.,b%"$b"'1b-+&,b"'bb(($Hb!b%+'+b&2b'-+b-!&b"'bb
,+!b"%b-(b"'bb-()"b-!-b&-!,b-!,b-+&,Hb!b,+")-"('b&2b))+b"'bb
-%( b(b(.+,b-()",Hb+b+b,(&b1&)%,Jb

H1=@<5
>D5B@B5D9>7
45@5>45>3I
<9>;C

-,#*.#)(H !(0,b0!-b)''2b%"'$b&+$+,b%(($b%"$b'b1)%"',b0!-b-!2b
&'Hb
31),-H )''2b%"'$,b
)''2b&+$+,b
%"'$,Ib)''2b
&+$+,Ib)''2b

H1=@<5
(5@<139>7
1
DB19<
2B9475

-,#*.#)(H !,b&' +,b-(b('.-b+,+!b',,+2b-(b"b-!b&"'"&.&b
-"('b(+b&"'-"'"' bb0"%+',,b-+"%Hb
31),-H &"'"&.&b-"('b
-+"%b+" b
(+b
+" b(.- b
&"'-"'"' bb-+"%b
-+"%b&"'-''b

H1=@<5
569>9>7
=1D5B91<
@B?69<5C

-,#*.#)(H !,b!(0b-(bbb)+("%b-(b"'"-b-!b+(,,b,-"('b(+bb&-+"%b"'b
-!b,%()Hb
31),-H &-+"%b)+("%b
)+("%Ib&-+"%b
+(,,b,-"('b

b
 '$!$
-
(!$



%&!(





b
CC97>
9>45H9>7
;5IG?B4C

b2(.+b_%+'"' b",b%+ Ib2(.b0"%%b'b-(b"'%.b'b"'1b'b)(,,"%2bb$20(+b
,+!b"%"-2Hb!-b&',b2(.b&.,-b,," 'b"'1"' b-+&,b-(b-()",Hb!b-+&,b2(.b
,," 'b)'b('b-!b('-'-b(b-!b-()"b'b('b-!b(#-"/b"-b(&)%",!,Hb



>D939@1D5
AE5CD9?>C
?6
<51B>5BC

%&!(



!'b(b2(.b.,b-!b"'1b(bb))+b(($Mb!'b(b2(.b(bbb,+!Mb!'b2(.b
+b,$"' b-!b',0+b-(bb*.,-"('a-!-V,b0!'Hb!",b,. ,-,b-!-b0b!((,b
$20(+,b-(b&-!b*.,-"(',b%+'+,b&2b!/b'b-!-b(.+b-()",b&2b',0+Hb
9H
(&)"%bb%",-b(b*.,-"(',b-!-b%+'+,b&2b!/Hb(',"+b%%b-!b02,bb%+'+b
&" !-b,$b-!b*.,-"('Hb&&+Ib-!b%+'+b&2b'(-b$'(0b-!b(""%b-+&"'(%( 2b
2-Hb
:H
'-"2b0!"!b-()",b',0+b-!,b*.,-"(',Hb
;H

,," 'b$20(+,b-(b!b-()"b2b)"$"' b0(+,b)+(&"''-b"'b-!b*.,-"(',b-!-b-!b
-()"b',0+,Hb

44
=?B5
D5B=C

(',"+b"-"('%b-+&,Hb+b+b,(&b'"-,Jb

'"*.b'(.',b'b/+,b+(&b-!b-"-%Ib(2b-1-Ib'b" .+b)-"(',Hb

&,b(b-!"' ,Hb '%.b)+(&"''-b)+()+b'(.',Ib(""%b'(&'%-.+Ib'b)+-,b
%",-,Hb

#-,b'b(')-,b,!(0'b"'b +)!",Ib,)"%%2b(',b'(-b1)%""-%2b'&b"'b-!b
-1-Hb

>3<E45
=?B5
D81>
CD1>41B4
G?B4C

.+-!+b'+"!b2(.+b$20(+,b2b"'%."' b&"%"+Jb


,0#.#)(-Hb(0b&'2b)()%b$'(0b0!-b

b(+bb,-',b(+Mb(0b
&'2b0(.%b-2)b(.-b-!b.%%b(+&b(bb&(+b(&&('b+/"-"('Ib%"$b  b(+b
Mb

,.H(/',-Hb '2b&!'",b$'(0b-!b'.&+,b(b+*.'-%2b+)%b)+-,b--+b
-!'b-!b'&,b(b-!,b(&)(''-,Hb

&(!H(H$,!)(Hb +'+,b&2b!/bb0(+$)%b/(.%+2b-!-b(,b'(-b,*.+b
0"-!b-!b(""%b-+&"'(%( 2b.,b"'b2(.+b-()"Hb

)@51;
D85
<51B>5BOC
<1>7E175

&&+Ib'(-b/+2(2b.,,b-!b,&b0(+,b(+b,)%%,b-!&b-!b,&b02Hb +'+,b
&2b'(-b2-b$'(0b-!b(""%b'&,b(b-!"' ,Hb(Ib"'b2(.+b$20(+,Ib"'%.b,2'('2&,Ib
-!-b",Ib0(+,b0"-!b-!b,&b&'"' Hb(+b1&)%Jb
()2bb.)%"-Ib+)%"-Ib+)+(.b
."%bbb+-Ib&$Ib '+-b

b




%&!(



'$!$
-
(!$


b
+2b-!b +&&-"%b(+&b(b-!b0(+,Hb(&b,+!b' "',b'b(b-!",b.-(&-"%%2Hb
b2(.+,b''(-Ib(',"+b"'%."' b&.%-")%b(+&,b(b!b"&)(+-'-b0(+Hb(+b1&)%Jb
()2bb()2"' Ib()",Ib()"b
."%bb."%"' Ib."%-b

(.'-b(+b,)%%"' b/+"-"(',Hb+"-",!b'b
&+"'b,)%%"' ,b&2b"+Hb
'b,(&b
0(+,b&2b!/b(&)-"' b,)%%"' ,b(+b"+'-b(+&,b(+b-!b)%.+%b(+b(%%-"/Hb(+b
1&)%Jb
(%(+bb(%(.+b
))'"1,bb))'",b

?
>?D
?F5B9>45H

!,b-!'"*.,b+b ((b(+b$20(+b,+!,Ib.-b'b.,bb)+(%&b"'b",)%2b
"'1,Hb b2(.b)%'b-(b"'%.b'b"'1Ib.,bb,.,-b(b2(.+b$20(+b%",-b,(b-!-b-!b
",)%2b%)!-"%b"'1b0"%%b'(-b'b.)b0"-!b-((b&'2b'+%2b"'-"%b'-+",b"'bb
+(0Hb

5C3B925
I?EB
D?@93


'(-!+b"&)(+-'-b)"b(b&--b",b-!b,+")-"('b(b2(.+b-()"Hb!",b,+")-"('b
&2bb",)%2b-(b-!b%+'+b,bb)+/"0b(b-!b-()"b(+b'b"'.&'-b-(b-$b"-Hb
!+b+b'(b!+_'_,-b+.%,b(+b0+"-"' b-!b,+")-"('Ib.-b!+b+b,(&b
(&&(',',b,. ,-"(',Jb

,#.H."H-,#*.#)(H ),H."H*).(.#&H&,(,Hb -b",b,"+b(+b'b"',-+.-"('%b
/%()+b-(b.'+,-'bb,+")-"('b0+"--'b(+b%+'+,b-!'b/"b/+,Hb

&&H&,(,-H1".H."H.)*#H) ,-H."'Hb b(b'(-b+(&&'b-!b.,.%b(+"' b
+"--"('b(b-!b"',-+.-"('%b(#-"/,a"'bb.%%-b%",-Ib'('-!%,,a.-bb,"&)%b
,--&'-b(b0!-b-!b%+'+b0"%%bb%b-(b(b,bb+,.%-b(b-!b-()"Hb

*H."H-,#*.#)(H-"),.Hb
b0b,'-',b+b.,.%%2b'(. !Hb b%+'+,b+b
.+"(.,Ib-!2b'b1&"'b-!b-()"b"-,%Hb

"))-H.,'-H.".H."H&,(,H1#&&H/(,-.(Hb(b'(-b.,b-+&,b-!-b-!b%+'+b
0(.%b.'+,-'b('%2b-+b(&)%-"' b-!b-()"Hb

5C97>
3?=@?>5>DC
<?7931<<I
1>4
53?>?=931<<I

'b," '"' b-!b)+-,b(bb-()"Ib(',"+b!(0b(&)(''-,b"'-+-Ib0!-b-!2b(b(+b
%+'+,Ib'b!(0b-!2b"-b-( -!+Hbb

5C97>
3?=@?>5>DC
9>
<?7931<
?B45B

," 'b-!b(&)(''-,b(b-!b-()"b%( "%%2Hb!-b&',b," '"' b(&)(''-,b"'b(++b
2b%( "%b)''",Hbb

b
 '$!$
-
(!$



%&!(





b



%&!(



b
9H
b,-+-b2b"'"' b-!b(#-"/Hb!b(#-"/b" .+,b"'b/+2b," 'b","('Ib,(b
-!",b",b0!+b0b,-+-Hbb (b'(0!+b-"%%b0b'"%b(0'b-!b%+'"' b(#-"/Hbb
:H
1-Ib b%"$b-(b)"$b-!b-"-%b'b-!b,!(+-b-"-%Hb b(b-!",b.,b'&"' bb-()"b
+*."+,b&b-(b(.,b-" !-%2b('b-!b(#-"/Hb2b-!b-"&b b!/b"b('bb,!(+-b
-"-%Ib b&b&"%"+b0"-!b-!b%+'"' b(#-"/Hb
;H
(0Ib b," 'b-!b-,-Hb b.,b"-b-(b ."b," 'b(b(-!+b('-'-b(&)(''-,Hbb
<H
1-b(&b-!b%+'"' b-"/"-",Hb b," 'b
,(+Ib(Ib'b(''-b-"/"-",b b'b
-(b(&)%",!b-!b(#-"/Hb b$'(0b b!/b-!b+" !-b-"/"-",b0!'b-!2b'%b-!b
%+'+b-(b),,b-!b-,-Hb
=H
(0Ib b3((&b$b'b," 'b-!b"'-+(.-"('b-(b"'.-b%+'+,b"'-(b-!b-()"b'b
-!b,.&&+2b-(b,'b-!&b('b-!"+b02Hbb
>H
(+b,)"%b',Ib b"b0!-b%"'$,b0"%%bb'b-(b)+(/"b,,b-(b+%-b
+,(.+,Hb
?H
"-!b%%b&2b('-'-b,)""Ib b"'",!b.)b2b+-"' b-!b&--b-!-b,+",b-!b
-()"Hb b(.%b(b-!b&--b+%"+Ib.-b b"'b"-b!%),b&b-(b$'(0b-!b('-'-b(b-!b
-()"b(+b b+-bb,+")-"('b(+b,," 'b"'1"' b$20(+,b-(b-!b-()"Hb
(.b&2b"'bb"+'-b(++b0(+$,b(+b2(.Hb .,-b+&&+b-!-b-!b++(0,b,!(0b
)''",Hb(.b'b,-+-b0"-!b-!b(#-"/b'b0(+$b2(.+b02b(0'b'2b)-!b2(.b
!((,Hb )b'b()'b&"'Ib'bb+2b-(b+/","-b'2b," 'b","('Hb

*89>;
F5B2C
>?D
>?E>C

+V,b'b"'," !-b-!-b0"%%b,/b2(.b+(&b)"'.%b1)+"'Jb!"'$b/+,Ib'(-b'(.',Hb
!-b(b b&'b2b-!-Mb(b," 'b-!b(&)(''-,b(bb-()"Ib0b&.,-b+&&+b0!2b
-()",b('-"'b('-'-Hb

 H)H
H-H
64765,5;:
(9,

@6<
64765,5;:
(9,
 
@6<

4<:;
 
4<:;



 

b




%&!(



'$!$
-
(!$


b
(+b2+,b b-!(. !-b-!-b(&)(''-,b+b('-'-b-!-b2(.b&.,-b+-Hb.!b'b))+(!b
,"&)%"",b-!b," 'b)+(,,b-(bb+(-b)+(.+Hb("'bb-"-%Hb+"-b'b"'-+(.-"('Hb
+-bb)+,'--"('b(+b-!b
,(+b-"/"-2Hb
bb)+-"b-"/"-2Hb
bb-,-Hb
'b,(b
(+-!Hb.!bb&!'"%b)+(,,b2"%,b-()",b-!-b+b&"'"&%%2b-"/Ib.-b+b,%(&b
'  "' Ib('",Ib(+b""'-Hb
2b!_!b&(&'-b&b0!'b b+%"3b-!-b&2b(&)(''-,b+b+%%2b-,$,b-!-b b&.,-b
)+(+&b(+b-!b%+'+Hb!-b",Ib(&)(''-,b+bb!$%",-b(b-!"' ,b-!-b'b-(b!))'b
+-!+b-!'bb%",-b(b&"b-(b."%Hb!-b"'," !-b,-,b," '+,b+b-(b+-"/%2b
(&)%",!b-!,b-,$,b+-!+b-!'b-(b&('(-('(.,%2b+-b('-'-Hbb

?>OD
3B51D5
=?B5
D81>
I?E
>554
D?

+V,bb!$%",-b-(b.,b0!'b," '"' b(+b'%23"' b-()",Hb -b%,(b('-"',b,(&b ((b
'0,b-!-b0"%%b,"&)%"2b2(.+b-,$b,bb," '+Hb

b
!b,-'+b(&)(''-,b(bb-()"b"'%.bb-"-%Ibb,!(+-b-"-%Ib'b"'-+(.-"('Ib%+'"' b
-"/"-",bO'&%2b
,(+Ib(Ib'b(''-b-"/"-",PIbb-,-Ibb,.&&+2Ib%"'$,b-(b+%-b
+,(.+,Ib'b&--Hb!0Nb!-V,bb%(-Hb!b ((b'0,b",b-!-b2(.b,%(&b!/b-(b
+-b/+2b('b(b-!,b"-&,Hbb

!b,-+",$,b"'b-!b!$%",-b% b"-&,b-!-b+b'(-b%02,b'Hb(.b'b,(&-"&,b
(&"-b-!b,!(+-b-"-%Ib"'-+(.-"('Ib-,-Ib,.&&+2Ib%"'$,b-(b+%-b+,(.+,Ib(+b-!b
&--Hbb!(. !b '+%%2b.,.%Ib-!,b"-&,b+b'(-b,b+"-"%b,b-!b(-!+,Ib'&%2b
-!b-"-%b'b%+'"' b-"/"-",Hb/'b"b2(.b(b'(-b(&"-b-!,b"-&,Ib2(.b'b(-'b$)b
-!&b+"b(+b"'(+)(+-b-!&b0"-!b(-!+b(&)(''-,Hb

'b-!-b%,b-(b(.+b,('b"-b(b ((b'0,Hb(&b(&)(''-,b'b(b(.%b.-2Hb 'b
-!b!$%",-Ib%"',b(''-b(&)(''-,b-!-b'b(-'bb(&"'b"'-(bb,"' %b
(&)(''-Ib0!"!b)+(+&,b(-!b.'-"(',Hb(+b1&)%Ib"b-!b-"-%b",b('",Ib"-b'b,+/b
,b-!b,!(+-b-"-%Hb," '+,b(-'b).-b-!b,.&&+2b"+,-b,b'b"'-+(.-"('b-(b-!b-()"Hb
b
0%%_," 'b(b-"/"-2b'b%,(b,+/b,bb-,-b(b(&)%",!&'-b(b-!b(#-"/Hb
'Ib
%"'$"' b-(b+%-b+,(.+,b'b)+(/"bb(''-b-"/"-2Hb

b
 '$!$
-
(!$



%&!(





b
1-b-"&b2(.b,-+-b-(b," 'bb-()"Ib.,b-!",b!$%",-b-(b)%'b0!-b2(.b&.,-b," 'b'b
+-Hb

)$
(+)"
*%&)


%&!(



.,-b.&)"' b('-'-b"'-(b-&)%-,b(,b'(-b&$b(+b-"/b%+'"' Hb .,-b,-+.-.+"' b
-()",b,b%+'"' b(#-,b(,b'(-b"'b"-,%b&$b-!b('-'-b.,%b(+b+.,%Hb(bb
.,.%b'b+.,%Ib-()",b&.,-bb," 'b0"-!b+.,b"'b&"'Hb
'b+.,b'b('%2b
(&b"b-!b-()"b",b.,.%b"'b-!b"+,-b)%Hbb

B16D
B53?=29>1>D
2E9<49>7
2<?3;C

.,%b(&)(''-,b+b",+-b!.'$,Ib'(-b%(0"' b),, ,Hb!2b+b%"$b."%"' b
%($,b-!-b'bb,-$b-(b."%bb0%%Ibb!(.,Ib(+bb-!+%Hb

5C97>
49C3B5D5
38E>;C
?6
B5EC12<5
3?>D5>D

-"/b-()",b+b(!+'-Ib,%_('-"'Ib(&)%-Ib'b(',",-'-Hb

/-&H)(.(.H#-H)",(.Hb -b"&,b-(b(&)%",!b('b).+)(,b(+b',0+b('b*.,-"('Hb
-b('"',b"-,%b-(b('b,.#-b'b(,b'(-b&'+b"'-(b'('_,,'-"%b&-+"%Hb

/-&H.)*#-H,H-& G)(.#(Hb!2b&2bb(',.&b"'b'2b(++Hb.+Ib
(',.&"' b-()",b"'bb,)""b(++Ib,.!b,b-!b,-),b(bb)+(.+Ib&2b&$b-!&b
&(+b/%.%b'b.'+,-'%Ib.-b'(b('b,!(.%b(&b!()%,,%2b('.,b0!'b
'(.'-+"' bb-()"b(.-b(b,*.'Hb

/-&H.)*#-H,H)'*&.Hb!2b('-"'b/+2-!"' b',,+2b-(b(&)%",!b-!"+b
(%Hb!2b&2b('-"'b-!b',,+2b)+,'--"(',Ib)+-"b-"/"-",Ib'b(-!+b('-'-b
"+-%2Hb+b-!2b&2b('-"'b(-!+b&(+_,)""b-()",Hb
/-&H.)*#-H,H)(-#-.(.Hbb'b&"1b'b&-!b-!&b0"-!b%"--%b('+'b-!-b
%+'+,b0"%%b(&b('.,b,b-!2b'/" -b-!b(.+,Hbb

+C5
B539@5
31B4C
1C
1
7E949>7
=5D1@8?B

b2(.b'bb+(%b&(%b(+b+.,%b(#-,Ib-!"'$b(b+")b+,Hb!b+")b+b",b,%_
('-"'b'b(&)%-Hb -b('-"',b%%b-!b$'(0% b',,+2b(+bb(($b-(b)+)+b('b
",!Hb -b",b('",b'b(.,Hb -b(,b'(-b&"1b-((b&'2b"+'-b-2),b(b"'(+&-"('b(+b
,-+2b+(&b-!b,.#-Hb")b+,b(%%(0bb(',",-'-b(+&-Hb

b




%&!(



'$!$
-
(!$


b

& "'b-$"' bb,-$b(b+")b+,b

'b-!+(0"' b-!&b"'b-!b"+Hb
-+b-!2b
%.--+b-(b-!b%((+Ib)"$b('b-b+'(&Hb
-b,-"%%b0(+$,Hb(+-"' b-!b+,b(.-b2b
-2)b(b",!b(+b'.-+"-"('%b
!+-+",-",b&2bb/%.Ib.-bb
+")b+b-$'b(.-b(b('-1-b0"%%b
)(",('b'(b('Hb!-b",bb (%b0b,!(.%b
0(+$b(+b"'b," '"' b+.,%b-()",Hb

5C97>
3?>C9CD5>D
D?@93C

+/'-b-!b0!")%,!b1)+"'b-!-b(.+,b0!'b%+'+,Ib&(/"' b-!+(. !bb,*.'b
(b-()",Ib+b.-b2b'b.')+"-%b,*.'b(b) ( "%b," ',Ib(%(+,Ib
'/" -"('b,!&,Ib"(',Ib0+"-"' b,-2%,Ib$ +(.',Ib%2(.-,Ib,(.'b%/%,Ib&"Ib'b
-,-b*.,-"(',Hb 'b/%()"' b2(.+b-()",Ib,-'+"3Jb

",.%b))+'Hb

/" -"('b,!&,Hb

',-+.-"('%b,-+- ",Hb

,-"' b))+(!,Hb

!",b/"b (,b(.%Ib"b&.%-")%b)+-&'-,b+-b-()",Hb
'b-+")%Ib"b&.%-")%b
(&)'",b+b"'/(%/Hb

F?94
D85
M1CC8?G>12?F5N
CI>4B?=5

!-b!))',b"b(.+b-()",b+b'(-b,%_('-"'Mb & "'b-!b"'-+(.-"('b(bb-()"b
0!+b2(.b"'b-!b)!+,bW 'bb)+/"(.,b-()"b2(.b%+'b!(0b-(bLHXb.-b0!-b"b-!b
%+'+b!(,b-(b,$")b-!-b-()"Mb+b#.&)b"+-%2b-(b-!",b-()"b+(&bb,+!b' "'Mb
!b)+,.&)-"('b-!-b%+'+,b%%b(%%(0bb,"' %b)-!b-!+(. !b-!b(.+,b"'"-,b-!-b
-!b-()",b+b'(-b-+.%2b,%_('-"'Hb
!b(7($,#7$+8(.#'$"b",b-!b-''2b(bb," '+b-(b,,.&b-!-b/+2(2b-$,b
-!b(.+,b"'b1-%2b-!b,*.'b-!b," '+b"'-'Hb(.b,b"-b"'b)!+,,b'b
,,.&)-"(',b%"$b-!,Jb

W
,b,!(0'b(/Xb'bW
,b,!(0'b%(0XbO0!+b-!b"-&,b&'-"('b+b'(-b('b-!b
.++'-b,+'b(+b/'b"'b-!b.++'-b-()"PHb

W+%"+b2(.b+b-!-LHXb

W2b'(0b2(.b!/b%+'b!(0b-(LHXb

b
 '$!$
-
(!$



%&!(





b

W)-b-!b)+"' b,-),XbO0!'b-!b)+"' b,-),b+b"'b'(-!+b-()"b(+b!/b
,+(%%b(b-!b,+'PHb

WLb0"%%bb1)%"'b%-+HXbO.-b0"%%b-!b%+'+bb+"' b%-+MPHb


+/"-"(',b,)%%b(.-b('%2b-!b"+,-b-"&b-!2b+b.,b'b-+&,b"'b('%2b-!b
"+,-b-"&b-!2b+b.,Hb 



+'"' ,Ib.-"(',Ib'(-,Ib'b('/'-"(',b"'b-!b "''"' b(b-!b(.+,Hb

%&!(




W!b'1-b,-)b"'b-!b)+(,,b",bLHXbO0!'b-!b%+'+b++"/b-b-!",b-()"b"+-%2b
+(&bb,+!PHb

"'$,b%%b-.+'b-(bbO0!'b0b"b'(-b(&b+(&bPHbb

!b,(%.-"('b",b-(b&$b'(b!+b,,.&)-"(',b(.-b0!"!b)-!b%+'+,b0"%%b(%%(0Hb b
.'+,-'"' b('b"b+*."+,b.'+,-'"' b'(-!+b"Ib,--b-!b(-!+b"Ib(+b%"'$b
-(b"-Ib(+b-b%,-b," '%b-!b+*."+&'-Hb $b"-b,2b(+b%+'+,b-(b"'b'b
"'(+&-"('b(.-b(b,*.'Hb+V,b0!+b'b"'1b)2,b(+b"-,%Hb
,b(bb ((b&'.b
'bb,+!b"%"-2Hbb

$*(*
%($
#%+")

(&-"&,b-!b,-b02b-(b."%b2(.+b_%+'"' b",b-(b"'%.b-()",Ib-"/"-",Ib'b
%,,(',b/%()b2b(-!+,Hb!'"%%2Ib2(.b'b(b,(b#.,-b2b%"'$"' b-(b-!,bW(+" 'Xb
&(.%,Hb(0/+Ib('-'-b/%()b2b,(&('b%,b(%%(0"' b"+'-b,-'+,b
&2b%(($b"+'-Ib-!b"+'-%2Ib'b.+-!+b"+'-b(#-"/,b-!'b2(.+b-()"b(+b
%,,('Hb.!b&(.%,b&2b)+(/b('.,"' b-(b%+'+,b.,-(&b-(b2(.+b_%+'"' V,b
W'-"/Xb-()",b'b-"/"-",Hbb

(b,b-!",b('.,"('Ib2(.b,!(.%b," 'bbW($"' b&(.%Xb-(b"-b-0'b-!b(+" 'b

('-'-b'b2(.+b-()"Hb
 
 

 
 


   b

!b($"' b&(.%b!%),b-!b(+" 'b&(.%b"-b"'-(b2(.+b(.+,b,(b-!-b%+'+,b'b

&$b-!b-+',"-"('b+(&b2(.+b(.+,b-(b-!b(+" 'b&(.%b'b$b "'Hb

b




%&!(



'$!$
-
(!$


b
H1=@<5
?6
1
4?3;9>7
=?4E<5

+b",b'b1&)%b(bb&(.%b," 'b(+b('b(.+,b.-b))+"' b0"-!"'b'(-!+Hb

!b+"b"'-+(.-"('b-(b
-!b(+" 'b&(.%b-%%,b
%+'+,b0!+b-!b&(.%b
(&,b+(&b'b .",b
-!&b"'b'/" -"' b-!b
&(.%Hbb
-b%,(b-%%,b%+'+,b0!-b
"%b(+&-,b+b.,b'b
0!-b)(+-"(',b(b-!b
&(.%b,!(.%bb" '(+Hb

b
+Ib-!b(+" 'b&(.%b
))+,b0"-!"'b-!b
,-'+b(.+,b,-+.-.+Hb
b
b
b
b
b
b
b
b
b
b
b
(.+,b+-b.,"' b
(b
+&0/+b'b
-"/b+/+b
 ,Hb(+" 'b&(.%b."%-b"'b
(0+("'-b'b('/+-b(+bb
%"/+2b0"-!b
(b+,'-+Hb
b

b
 '$!$
-
(!$



%&!(





b
-81D
D?
9>3<E45
9>
1
4?3;9>7
=?4E<5


b($"' b&(.%b(',",-,b(b%%b-!b-!"' ,b2(.b(b-(b&$b-!b(+" 'b&(.%b&-b-!b
',b(b2(.+b%+'+,Hb(&b(b-!b(&)(''-,b(bb($"' b&(.%b+Jb

H-*#&H#-*&3H1#()1Hb b-!b(+" 'b&(.%b",b(bb"+'-b,!)b(+b,"3b-!'b2(.+b 


&(.%,Ib2(.b&2b'b-(b+-bb,)"%b+&,-Hb(.b'b%,(b",)%2b"-b"'bb,)+-b

%&!(



0"'(0b%(' ,"b-!b0"'(0b(+b-!b&"'b)+-b(b2(.+b_%+'"' Hb
(.,)/.#)(Hb(.b&2b'b-(b+-bb)+/"0Ib"'-+(.-"('Ib,-+-Ib(/+/"0Ib(+b
,+")-"('b(b-!b&(.%b-(b-%%b%+'+,b0!-b-(b&$b(b-!b(+" 'b&(.%Hb

/.#)(-Hb -b%+'+,b$'(0b'2b%"&"--"(',b(b-!b&(.%b-!-b+b"+'-b+(&b-!(,b
(+b'-"/b&(.%,Hb!-b('/'-"(',b(,b"-b(%%(0Mb(0b.+-b'b+%/'-b+b"-,b
&-+"%,Mb!(b(0',b"-Ib'b!(0b",b"-,b.,b+,-+"-Mb

--H#-Hb"/b%+'+,b'2b!%)b-!2b&2b'b"'b,,"' b-!b(+" 'b&(.%b'b
",)%2"' b"-,b('-'-Hb+(/"Jb

',-+.-"(',b('b-$"' b-!b&(.%Hb


b,)"%b&'.b'b"'1b%"'$b-(b"-,b('-'-Hb

%)b(-"'"' b'2b)%. _"',b(+b('-,b"-b+*."+,Hb

%(,,+2b-(b"'b"+'-b-+&"'(%( 2b.,b"'b-!b&(.%Hb
,.# #.#)(H.-.Hb!b(+" 'b&(.%b&2b'(-b)+(/"bb-,-Ib(+b"-,b-,-b&2b'(-b&,.+b
0!-b",b"&)(+-'-b-(b2(.Hb
b2(.+b(0'b-,-b-(b&,.+b0!-b%+'+,b (-b+(&b-!b
&(.%Hb

b
 



%&!(



'$!$
-
(!$


b

$
"%)$
K

)E==1BI


b-()"b",bb.'"-b(b_%+'"' b-!-b(&)%",!,b('b%+'"' b(#-"/Hb
b-()"b-!-b
('-"',b-!b-"/"-",b'b,,,,&'-,b',,+2b-(b(&)%",!b-!b(#-"/b&2bb
(',"+bb%+'"' b(#-Hb

b-()"b(',",-,b(b-!,b(&)(''-,Jb
$.#0H
b,--&'-b(b0!-b-!b-()"b0"%%b(&)%",!Hb!",b%+'"' b(#-"/b
&.,-bb)+",b'(. !b-(b ."b," 'b(b%%b-!b(-!+b(&)(''-,Hb
#.&H !b%%b(b-!b-()"Hb .,-bb%+b'(. !b-(b('/2b0!-b-!b-()"b
(+,Hb
(.,)/.#)(H
b-+',"-"('b"'-(b-!b('-'-b(b-!b-()"b-(b0%(&b-!b%+'+b'b,-b
-!b('-1-b(+b0!-b(%%(0,Hb
-.-H
-"/"-",b-(b/+"2b-!-b-!b(#-"/b0,b(&)%",!Hb!,b'bb
(+&%b-,-,b(+b,"&)%b,%_!$b-"/"-",Hb

.#0#.#-H
b(&"'-"('b(b
,(+Ib(Ib'b(''-b-"/"-",b',,+2b-(b
(&)%",!b-!b%+'"' b(#-"/Hb
/'',3H
b+)b(b-!b&"'b)("'-,b-. !-b2b-!b-()"Hb 2b))+b,b'b
(/+/"0b(+b)+/"0b'bb)+"'-b,bb#(b"Hb
#(%-H 2)+%"'$,b-(b+%-b-()",b'b(-!+b&-+"%,Hb
%-!(. !b,.!b%"'$,b'b
'+"!b-!b%+'"' b1)+"'Ib-!2b'b&$b-()",b!++b-(b+.,Hb
..H ,+")-"/b%%"' b"&b-b!%)"' b%+'+,b'b"',-+.-"('%b
/%()+,b"'b-!",b-()"b0!'b',,+2Hb0(b&"'b-2),b(b&--b
+b$20(+,b'b,+")-"('Hb 20(+,b+b%"$b"'1b-+&,b(+bb))+b
(($Hb!b,+")-"('b",b%"$bb-%( b'-+2b(+b-!b-()"Hb

b
 '$!$
-
(!$



%&!(





b
(b," 'b-"/b-()",Ib0b&.,-b,$b'b-"/b(&)+(&",b&(' b(&)-"' b (%,Jb

$b-()",b,%_('-"'b(+b +-+b+.,Hb

'%.b%"'$,b-(b+%-b&-+"%b-b-!b+",$b(b+*."+"' b-!b%"'$b&-+"%b"'b/+2b
(.+,b-!-b"'%.,b-!b(#-Hb

%'b-!b'b(+b,!(+-_,)""b-()",b-!-b)+",%2b-+ -b(#-"/,b0"-!b-!b



' +b(b!/"' b-(b+-b-((b&'2b,)+-b-()",Hb

%&!(




"3b-()",b-(b/("b,)+0%b'b!())"',,Hb

-b'b(%%(0b,-'+,b-(b',.+b-!-b-()",b))+b(',",-'-b-(b%+'+,Hb

*#&"*)
%(
*%&)

!b(%%(0"' b+b-&)%-,b%",-"' b,. ,-b('-'-b(+b-()",b-(b(&)%",!b!b(b-!b

,"1b,"b%+'"' b(#-"/,Hb

B51D5
1>
.
D81D
4?5C
/

#.&H ."%"' bb[[[[[[[[[[[[[[[b

," '"' b[[[[[[[[[[[[[[[b

(.,)/.#)(H !2b+-bHb
'-"('bb'b"-,b/%.b-(b-!b%+'+Hb

,(#(!H
-),H )H )((.H

.#0#.#-H
+,'--"('b(b-!b +-"b+-"' b'b +-b'bb(+b-!b
+*."+&'-,b(bHb b-!-b(,bHb %+'+V,bHb
&(b(b!(0b-(b.,b
-((%,Hb

-.H "/b-!b%+'+b-!b,," '&'-b-(b+-bb'b-!b+,(.+,b

',,+2b-(b(b,(Hb,+/b0!-!+b-!b%+'+b(,b,(b,.,,.%%2Hb

/'',3H '+%"3b+)b(b-!b)+(,,b(+b+-"' bHb(+&-b,bb#(b"Hb

b




%&!(



'$!$
-
(!$


b
53945
.

#.&H %-"' b[[[[[[[[[[[[[[[b

!((,"' b[[[[[[[[[[[[[[[b
(.,)/.#)(H --&'-b(b-!b*.,-"('b(+b",,.b-(bb"Hb!'b-!b","('b",b
',,+2Hb--&'-b-!-b-!b","('b",b(-'b&b"'(++-%2Hb
,(#(!H
-),H )H )((.H
.#0#.#-H
b(+b0-!b +-"b""' b(+b b(',*.',b(b
)+,'--"(',b('Jb /+"(.,b,,.&)-"(',Hb ","(',Hb

.%,b(+b "b(+b
""' Hb ,"-.-"(',b"'b-!b

(0b-(b -!+b %+'+V,b%"Hb
"'(+&-"('Hb

,(',b(+b!b
()-"('Hb
-.H "/b-!b%+'+b,"-.-"(',b-!-b%%b(+b-!b","('b'b-!b',,+2b
"'(+&-"('b'b(-!+b+,(.+,b'b(,+/b0!-!+b-!b%+'+b
&$,b-!b(++-b","('Hb
 +"b+)b(b+.%,b(+b""' Hb
/'',3H

 _!'b-%b-(b ."b","('Hb


 '&('"b(+b-!b+.%b.,b-(b"Hb

?
.
D?
133?=@<9C8
/

#.&H [[[[[[[[[[[[[[[b"' b[[[[[[[[[[[[[[[b

(.,)/.#)(H !2b)+(+&b-!b)+(.+Hb!-b"-b(&)%",!,Hb!'b-(b)+(+&b
-!b)+(.+Hb'_,'-'b(/+/"0b(b-!b)+(.+Hb
,(#(!H
-),H )H )((.H
.#0#.#-H
-!bb&(b(b +-"b '-"2b)+,('%b
,-),Hbb )+(+&"' b-!b ,"-.-"(',b-(b))%2b-!b
b1&)%,b(b ,-),Hb )+(.+Hb
('"-"(',b-!-b '-"2b!(0b"-b&.,-b
-+" +b-!b)+(.+Hb b&(""b-(b))%2Hb
-.H *."+b%+'+,b-(b+( '"3b0!+b-!b)+(.+b,!(.%bb))%"b
'b-(b)+(+&b-!b)+(.+Hb
/'',3H '+%"3b+)b(b-!b)+(.+Hb
!$%",-Ib&)Ib(+b%(0!+-b(b-!b)+(.+Hb

b
 '$!$
-
(!$



%&!(





b
!>?G
.
12?ED
/

#.&H Q&b(bRb
Q--&'-b,.&&+"3"' bRb
(.,)/.#)(H ('-1-b(bb"'-(b0!"!bb"-,Hb,--&'-b(b)++*.","-b$'(0% Hb 


.,-"('b-!-bb',0+,Hb

%&!(



,(#(!H
-),H )H )((.H
.#0#.#-H
Ib%",-'Ib0-!bb +-"b"'-"2"' bb '-"2b,"-.-"(',b
)+,'--"('b('bHb "'b/+"(.,b,"-.-"(',Hb "'b0!"!b-!",b
$'(0% b))%",Hb

))%2b$'(0% b
"'b,"-.-"(',Hb
-.H ,-b0!-!+b-!b%+'+b'b+%%b'b"'-+)+-b-,Ib)+"'")%,Ib'b
(')-,Hb
/'',3H ",-b(b$2b-,b-(b+&&+Hb '&('"Hb
(')-.%b" +&Hb

5<95F5
.

#.&H !2b[[[[[[[[[[[[[[Mb
Q(+b#.,-bb,--&'-b(bRb
(.,)/.#)(H .++'-b%"bO-!-b(,b'(-b"'%.bPHb
-+-%"' b+,('b-(b%"/bHb
,(#(!H
-),H )H )((.H
.#0#.#-H
+,'--"('b(+b '+bb+(&b-,b
$'(0% b
+"' ,b('Jb 'b+,(',Hb !' b(b%",Hb
 ,(',b(+bHb
))%2b'0b%",Hb


 -,b,. ,-"' b


Hb
-.H +"2b-!-b-!b%+'+V,b,--&'-,b'b-"(',b+b ."b2b-!b
%"Hb
/'',3H &"'+b(b-!b/"'b(+b%"/"' bHb
'.&+-"('b(b0!-b-!b%+'+b,!(.%b'(0b%"/Hb

b




%&!(



'$!$
-
(!$


b
55<
.
12?ED
/

#.&H Q--&'-b-!-b,,+-,b(+b"&)%",bb(.-bRb
(.,)/.#)(H ('-1-b(bHb!-b",bMb
--&'-b(b!(0b-!b%+'+b)+(%2b%,b(.-bb'(0Hb
,(#(!H
-),H )H )((.H
.#0#.#-H
+,'--"('b'b ,)('b-(b --b-!b)+,('%b
+"' ,b('b+,(',b ,"-.-"(',b"'b0!"!b -b(b%"' bHb
-(b%bHb b-+" +,bHb
& b,,("-"' bb
'bHb
-.H +"2b-!-b-!b%+'+V,b,--&'-,b'b!(",b+/%b-!b,"+b
&(-"('Hb
/'',3H (' +-.%-"(',b+(&b,(&('b0!(b%,b-!b,&b02Hb

?B
=?B5
K

(b,b,(&b(b-!b$"',b(b-"/"-",b2(.b&2b0'-b-(b"'%.Ib%")b-!+(. !b!)-+,b:Ib;Ib
'b<Hb(b,b-!b-2),b(b-,-,b2(.b'b"'%.Ib-.+'b-(b!)-+b=Hb(+b!%)b"'- +-"' b
-()",b"'-(b%,,(',Ib,b('%"'b!)-+b9:Hb

(+b&(+b('b+-"' b-()",b,b%+'"' b(#-,Ib,+!b-!bb(+b!'##8$)2b

b
 E-Learning by Design, 2nd Edition
by William Horton
Copyright © 2012 John Wiley and Sons, Inc.

H
1=5C
1>4

C9=E<1D9?>C

+'"' b2b)%2"' b'b
)+-'"' b"'b/"+-.%b0(+%,b
&,b'b,"&.%-"(',b%%(0b%+'+,b-(b)+-"b-,$,Ib))%2b
$'(0% Ib'b"'+b)+"'")%,a%%b0!"%b!/"' b.'Hb"-!b
%+'"' b &,Ib)()%b'b%+'b+(&bb)+,('%b-.-(+b0!(b
&(',-+-,b,.#-,Ib .",b-!&b-!+(. !b-!"+b"'"-"%b(+-,Ib
&('"-(+,b-!"+b +(0"' b,$"%%,Ib'b+-"",b-!"+b&,-+2Hbb
&,b'b,"&.%-"(',b&2b)+(/"bb(&)%-b&(%b(bb+%_
0(+%b,2,-&b(+b#.,-bb+)"_"+b,+",b(b*.,-"(',b-(b',0+Hb
&,b'b,"&.%-"(',b'bb"'"/".%b(b-"/"-",Ib-,-,Ib0!(%b
-()",Ib,)+0%"' b%,,(',Ib'b/'b'-"+b(.+,,Hb

#)
$
)#+"*%$)
%(
"($$

&,b'b,"&.%-"(',b(+b%+'"' b'bb.'Ib.-b-!2b+b%02,b).+)(,.%Hb!2b
-!b"+,-b'b'-+-"'b,('Hb +'"' b &,b'b+0b('b-!b,-%",!b('/'-"(',b
(b*."3b,!(0,Ib(+b &,Ib'b/"(b &,b-(b+(.,b.+"(,"-2b'b!+',,b(&)-"-"/b
.+ ,Hb"&.%-"(',b"&&+,b%+'+,b"'bb0(+$_+%-b('-1-b'b%-b-!&b,%2b/+"2b
-!-b-!2b'b)+(+&bb,)""b-,$b(+b)+(.+Hbb
(0b(b2(.b-!"'$b&(,-b%+'+,b0(.%b+,)('b"b2(.b,$b-!&b0!-!+b-!2b0(.%b
+-!+b-$bb-,-b(+b)%2bb &Mb

 H
H




#(
$
(!#*")!%$(



'$!$
-
(!$


b
H1=@<5
?6
1
<51B>9>7
71=5

!",b &b-!,b"'-+/"0"' b
,$"%%,b"'b-!b('-1-b(bb)(%"b
"'/,-" -"('Hb +'+,b+b,," 'b
-!b-,$b(b"'-+/"0"' bb0"-',,b-(b
b'$b+(+2b-(b%""-b%.,b-(b-!b
"'-"-2b(b-!b+(+Hb

!b &b)+(/",b-!b%+'+b0"-!b
!(",b-!-b-b-!b(.+,b(b-!b
&Hb

(,-b$b",b)+(/"b2b/'-,b
"'b-!b &Hb/'-,b+/%b0!-!+b
-!b%+'+V,b)+/"(.,b-"('b0,b
))+()+"-Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

-b'2b)("'-Ib%+'+,b'b-+2b-(b
,(%/b-!b&2,-+2Hb
b
b
b
b



b

#(
$
(!#*")!%$(



b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b('/+-b(+b
b%"/+2b.,"' b
+-".%-b+,'-+Hb;b
!+-+,b+-b"'b&"-! "+(b(,+Hb"0b
1&)%b-b!(+-('H(&^%^Hb

?G
1B5
71=5C
D5CDC
1>4
C9=E<1D9?>C
B5<1D54

!-b1-%2b+b%+'"' b &,b'b,"&.%-"(',Mb(0b+b-!2b+%-b-(b-,-,b'b
&(',-+-"(',Mb!b-+&,b+b.,b+-!+b%((,%2Ib,(b0b,!(.%b"'b-!&b(+b
(',"+"' b!(0b-(b," 'b-!&Hbb

b &b'bb-!(. !-b(b,bb,"&.%-"('b-!-b"'/(%/,bb)+,('%%2b!%%' "' b-,$Hb
b
,"&.%-"('b'bb.,b(+b,/+%b"+'-b).+)(,,Hb"+"' b"-b0"-!b-!b!%%' b-(b
)+(+&bb-,$b&'"' .%b-(b-!b%+'+b-.+',b"-b"'-(bb &Hb

b

'(-!+b02b-(b%(($b-bb &b",b,bb-,-b-!-b)+(/",b"&&"-b$b.-b(,b'(-b
+(+bb,(+Hb!b-,-b",b'2b-,$b-!b%+'+b--&)-,Hb &&"-b$b .",b-!b
%+'+b"'b)+(+&"' b-!b-,$Hb!b,'b(bb+(+b,(+b'(.+ ,b-!b%+'+b-(b
.,,Ib-$b+",$,Ib'b-+2b%-+'-"/b,-+- ",a#.,-b-(b,b0!-b!))',Hb

?
I?E
31<<
9D
1
71=5
?B
1
C9=E<1D9?>

1)+-,b'b%"' .",-,b0"%%b!(0%Ib.-b b%"/b-!b&"'b"+'b-0'b-!b-+&,b
!'##8"b'b!'##8("*!)$#b+b#.,-b(',b(b)(,"-"('"' Hb+.Ib,"&.%-"(',b-'b-(b
%(($b&(+b+%",-"Ib0!"%b &,b-'b-(b-.+b,(+$)"' Hb(0/+Ib)'-"b+,(',b
-(b",-"' .",!b-!b-0(b+b-+.&)b2b)+ &-"b('+',Hb'b-!",b+(&&'-"('Jb
b"b,(.',b+"/(%(.,Ib%%b"-bb("*!)$#Hb
b("*!)$#b,(.',b-((b,-.2b(+b1)',"/Ib%%b"-bb"Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
.,-bb,.+b-(b," 'b"-b,(b"-b-!,Hb(Ib+b-(b)"$b0!"!/+b-+&b))%,b-(b2(.+b
%+'+,b'b,-",",b2(.+b!"'b(b(&&'Hb

5=?C
1B5
>?D
DBE5
C9=E<1D9?>C


%-!(. !b-!b-+&b,"&.%-"('b",b.,b+(%2b-(b(/+bb+' b(b-"/"-",Ib"-b",b"&)(+-'-b
-(b&$bb",-"'-"('b-0'b&(',-+-"(',b'b-+.b,"&.%-"(',Hb!b('-+,-b",b
,)"%%2b"&)(+-'-b"'b.-"('b'b-+"'"' Hb!b$2b",-"'-"('b",b-!-Ib"'b-+.b
,"&.%-"(',Ib-!b%+'+b('-+(%,b-!b,*.'b(b/'-,Hbb

')(-.,.#)(H ,/H-#'/&.#)(H

+'+,b0-!b),,"/%2Hb +'+,b"b'b-Hb

+'"' b+,.%-,b+(&b%+b1)%'-"('Hb +'"' b+,.%-,b+(&b)+-"b'b

.-!'-"b$Hb

,.%b(+b,%%"' b'b"'(+&"' b ,.%b(+b.-"' b'b-+"'"' b

.,-(&+,Hb 0(+$+,Hb
b

'bb&(',-+-"('Ib-!b%+'+b0-!,b),,"/%2b,b-!b-,$b",b)+(+&Hb -b",b%"$b
%(($"' b(/+b-!b-!+V,b,!(.%+Hb!b%+'+b&2b,-+-b'b,-()b-!b&(',-+-"('Ib
.-b(,b'(-b-.%%2b)+(+&b-!b,-),b"' b,!(0'Hb 'bb-+.b,"&.%-"('Ib-!b%+'+b
",b'b-,Hb!b,"&.%-"('b&2b'"&-b-!b,2,-&V,b+,)(',,b-(b-!b%+'+V,b
-"(',Ib.-b"-b",b.)b-(b-!b%+'+b-(b"b0!-b-(b(b'b!(0b-(b++2b(.-b-!(,b-"(',Hb

'bb&(',-+-"('Ib-!b%+'+b%+',b+(&bb%+b1)%'-"('Hb
b%( "%b(&&'-+2b(+b
'++-"('b",b,,'-"%b"'bb&(',-+-"('Hb 'bb,"&.%-"('Ib%+'"' b+%",b)+"&+"%2b('b
.-!'-"b$Ib%"$b-!-b)+(/"b2b-!b-.%b,2,-&b(+b2bb(!b0!(b",b
1)+"'b"'b.,"' b-!b,2,-&Hb"&.%-"(',b%-b%+'+,b)+-"b,b&.!b,b-!2b0'-b-(b
(+b'b-(Hb

&(',-+-"(',b+b!" !%2b-"/b(+b,%%"' b)+(.-,b'b(+b"'(+&"' b%+'+,Hb!2b

'b&$b%+b-!b +-b+,.%-,b)(,,"%b0"-!bb)+(.-Hb
'b-!2b'b-!b%+2b
1)+"'b%+'+,b!(0b-(b1-'b-!"+b1",-"' b,$"%%,Hb+.b,"&.%-"(',b+b"%b(+b
,+"(.,b-+"'"' b'b.-"('b.,b+-'-"('b",b +-+b'b.'+,-'"' b",b)+Hb

!,b",-"'-"(',b-0'b&(',-+-"(',b'b,"&.%-"(',b+b+."%b(+b-0(b+,(',Hb
"+,-Ib2(.b,!(.%b'/+b,'bb&(',-+-"('b-(b(bb,"&.%-"('V,b0(+$Hb+b/"b/+,Hb
!b!,b"-,b.,,b.-b-!2b+b'(-b"'-+!' %Hb!2b+Ib!(0/+Ib(&)%&'-+2Hb
b
((b&(',-+-"('b)+)+,b'b&(-"/-,bb%+'+b-(b'  b"'bb-+.b,"&.%-"('Hb
+'+,b0!(b!/b.,b,"&.%-"(',b-(b%+'b,"b()+-"(',b'b(-'b)"$b.)b"-"('%b
,$"%%,b2b0-!"' b0%%_," 'b&(',-+-"(',HbO(+b'b1)%'-"('b(b-!b+(%b(b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
&(',-+-"(',Ib,bW!2,"%b&(',-+-"(',Xb('b) b?:b'bW(-0+b
&(',-+-"(',Xb('b) b?<HPb

?G
4?
71=5C
1>4
C9=E<1D9?>C
G?B;



#(
$
(!#*")!%$(



b
'bb%+'"' b &Ib-!b&(,-b"&)(+-'-b-(+b",b-!b%+'+Hb+!),b-!",b)+,('b",b
%+'"' b-(b.,bb)"b(b,(-0+b(+b-(b"'-+/"0b#(b'"-,Hb+Ib%+'"' b!(0b-(b
))%2b%.%.,b-(b,(%/"' b)+(%&,b"'b)+-"%b)!2,",Hb
(-Jb 'b,"&.%-"(',Ib-!b%+'+b",b(-'b+++b-(b,b-!b*('a"'b &,Ib,b-!b%!.'Hb
'b-!b &b(+b,"&.%-"('Ib-!b%+'+b!,bb (%Hb,.%%2b-!",b (%b",b)+,'-b-(b-!b
%+'+b2b-!b(&).-+Hb!b (%b",b-2)"%%2bb-,$b-!b%+'+b",b%+'"' b-(b)+(+&Hb(+b
,(-0+b,"&.%-"(',Ib-!b (%b-2)"%%2b+*."+,b-!b%+'+b-(b)+(+&bb(&&('b-,$b
0"-!bb(&).-+b-((%Hb(+b(-!+b-,$,Ib-!b%+'+b&" !-b!/b-(b"'-+/"0bb,"&.%-b#(b
'"-b(+b+'b)("'-,b2b',0+"' b*.,-"(',b('b-!b,.#-b(b,-.2Hb

!b%+'+b()+-,b"',"b'b'/"+('&'-Hb!-b'/"+('&'-b",b,"&.%-Ib(b(.+,Hb(+b
b,(-0+b,"&.%-"('Ib-!b,+'b%(($,b%"$b-!b",)%2b-!b%+'+b0(.%b,b0!'b
()+-"' b-!b(&).-+b)+( +&Hb(+b-!b#(b"'-+/"0Ib-!b,+'b&" !-b,!(0b-!b#(b
'"-b,-b+(,,bb,$b+(&b-!b%+'+Hb
!b'/"+('&'-b)+,'-,b-!b%+'+b0"-!b!(",Hb!-b(b b(b'1-Mb!"!b(&&'b
(b b.,b"'b-!",b(&).-+b)+( +&Mb!-b*.,-"('b(b b,$b-!b#(b'"-Mb!-b
))+(!b0"%%b,(%/b&2b)+(%&Mb!b%+'+b&.,-b"b&(' b!(",b'b-$b-"('Hb
!b%+'+b&2b"'"-bb!("b2b%"$"' bb.--('Ib-2)"' b"'b-1-Ib(+b,(&b(-!+b
-"('Hb
!b%+'+Y,b-"(',b!/b(',*.',b(+b(.-(&,b"'b-!b,"&.%-b'/"+('&'-Hb!b
%+'+b&2b,b-!b",)%2b!' Hb+b-!b,"&.%-"('b&2b&$bb+.b'(",b'b'b
++(+b&,, b&2b))+Hb.!b$b",b"'-+"',"b-(b-!b &b(+b,"&.%-"('Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
!,b(.-(&,b&2b!/b"-"('%b-,b"'b-!b'/"+('&'-Ib,(&b(b0!"!b&2bb
"'/","%b-(b-!b%+'+Hb!,b!' ,b"'b-!b'/"+('&'-b)+,'-b-!b%+'+b0"-!b'0b
!(",Ib'b-!b2%b('-"'.,Hbb
!",b2%b(b&$"' b","(',b'b,"' b+,.%-,b",b-!b,,'b(b-!b &b(+b,"&.%-"('Hb
(+b,(-0+b,"&.%-"(',Ib!b2%b(++,)(',b-(b('b"').-b+(&b-!b%+'+Hb(+b-!b
#(_"'-+/"0Ib!b2%b(',",-,b(b('b*.,-"('b2b-!b%+'+b'b'b',0+b2b-!b#(b
'"-Hb 'b(&-b,"&.%-(+,b.,b-(b-+"'b,(%"+,Ib'b'-"+b2%b&2b-$b('%2bb
,('Hb 'b.,"',,b,"&.%-"(',b"'/(%/"' b+-"' b'b&+$-"' b)+(.-,Ibb2%b&2b
+)+,'-b&('-!,Hb

-81D
4?
G5
=51>
45C97>

&,b'bb(&)%1b'b1)',"/Ib+*."+"' b&('-!,b'b&"%%"(',b(b(%%+,b-(b
/%()Hb+b-!2b'bb,b,"&)%b,bb,)+,!-b0"-!b"',-+.-"(',b-(b#.,-b-!+b/%.,b
.'-"%bb(.+-!b/%.b1,bb%"&"-Hb!b (%b(b," 'b",b-(b"'b-!b,"&)%b,(%.-"('b-!-b
(&)%",!,b2(.+b%+'"' b(#-"/Hb
(+b &,Ib,b(+b(-!+b(+&,b(b_%+'"' Ib," 'b'b/%()&'-b+b(-'b,)+-b
-"/"-",Hb," 'b)%',b'b,)"",b-!b &Ib'b/%()&'-b."%,b"-Hb/%()&'-b
&2b+*."+b!"+"' bb,(-0+b/%()+b(+b#.,-b&)%(2"' b-&)%-,b(+b(&&('b(+&,b
(b &,Ib,.!b,b).33%,b'b*."33,Hb 'b'2b,Ib-!(. !Ib-!b," '+b&.,-b-!(+(. !%2b
,)"2b-!b &Hb

-/
#)

!2b'b0!+b+b &,b-"/b02,b-(b%+'Mb&,b'b,"&.%-"(',b'%b-2),b
(b%+'"' b'(-b)+-"%b"'b%,,+((&,b(+b('/'-"('%b_%+'"' Hbb

-81D
31>
71=5C
4?
6?B
EC

&,b)+(/"b,)""b.-"('%b/'- ,b(/+b%%b(-!+b(+&,b(b%+'"' Hb(+b
1&)%Ib &,Jb

")1H)(-+/(-H().H(),'&&3H0#-#&Hb"-!b &,Ib%+'+,b'b1)+"'b-!b
.&.%-"/b-b(b0",)+b,&%%b!' ,Hb
b(.+,b"'b-!",b'Ib(+b"',-'Ib
,!(0b-!b-,b('b'b(+ '"3-"('b"b/+2(2b'  ,b"'bb*.,-"('%b)+-"b
-!-b,&,b!+&%,,b"b)+(+&b2b('%2b'b"'"/".%Hb,b &,b-(b,!(0b
(',*.',b-!-b+b'(-b'(+&%%2b/","%b.,b-!2b(.+b-((b*."$%2Ib-$b-((b
%(' Ib(.+b+b02b"'b)!2,"%b,)b(+b"'bb",-'-b)+-b(b-!b(+ '"3-"('Ib+b-((b
,&%%b(+b-((b%+ Ib(+b+b-((b,-+-Hb

.H&,(,-H'%H'#-.%-H1#.")/.H-/ ,#(!H*,'((.H)(-+/(-Hb,b &,b
-(b%-b%+'+,b1)%(+b-!b(',*.',b(b+",$2b!/"(+Hb&b)%2+,b'b%+'b+(&b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
&",-$,b-!-Ib"'b-!b+%b0(+%Ib+,.%-b"'b-!Ib"'#.+2Ib"&)+",('&'-Ib"''"%b
(%%),Ib,("%b+#-"('Ib(+b% %b-"('Hb.!b%+'"' b",b,)"%%2b"&)(+-'-b"'b0(+$b
'b,("%b'/"+('&'-,b0!+b"%.+b",b'(-b-(%+-Hb

()/,!H&,(,-H.)H*/-<H, &.<H(H,0#-Hb-'b+%_0(+%b1)+"',b('Y-b
"/b-!b%+'+b())(+-.'"-",b-(b+-!"'$b","(',b'b-+2b%-+'-"/b))+(!,Ib.-b 


&,b'Hb

#(
$
(!#*")!%$(




,)0#HH&),.),3b0!+b%+'+,b'b-,-b"+'-b!2)(-!,,Ib&'-%b&(%,Ib
--",Ib'b,-+- ",b-(b,b0!"!b0(+$b,-b'b0!"!b+b-((b+",$2b-(b-+2b"'b-!b+%b
0(+%Hb

#'*&# 3H)'*&2H-#./.#)(-b"'b02,b-!-b",(%-b-!b(&)(''-,b'b/+"%,b-!-b
%+'+,b,!(.%b--'b-(b'b-!-b&$b+%-"(',!"),b1)%""-Hb

#0H)**),./(#.#-H ),H/((.H*,.#H(H %Hb(+b-,$,b0!+bZ-"&b('b
-,$Zb",b+"-"%b-(b%+'"' Ib &,b'b)+(/"b:<1?b())(+-.'"-",b-(b)+-"b'b+"'b
!/"(+Hb&,b)+(/"b-"&b'b1)+"'b'(. !b(+b%+'+,b-(b",(/+b)--+',Ib
-+',Ib'b+%-"(',!"),b(+b-!&,%/,Hb

1%(H&,(#(!H3H*&3Hb
,b!"%+'Ib0b)%2b0"-!b%($,b-(b%+'b +/"-2b'b
,)-"%b+%-"(',!"),Ib0b)+-"b)+,('%b+%-"(',!"),b0"-!b(%%,b'b-"('b" .+,Ib
'b.,b,%b&(%,b-(b%+'b," 'b'b(',-+.-"('Hb&,b1-'b-!b&(-"/-"' b
-b(b)%2b-(b.%-,Hb&,b'b/'b,.b/(%.'-+2b%+'+,b"'-(b-$"' b-,-,Hb

,b)(0+.%b,b &,b+Ib-!2b+b'(b.-"('%b)'Hb/'b-!b,-b &b''(-b2b
"-,%b-!b%+ b&(.'-,b(b-"%b"'(+&-"('b(+b+)%b(($,Ib%,,+((&,Ib'b(-!+b
(+&,b(b%+'"' Hb

-85>
D?
EC5
71=5C

/%()"' b-"/b &,b",b"".%-Ib-"&_(',.&"' Ib'b1)',"/a-2)"%%2b988b
-"&,b-!b(,-b(bb,"&)%b&.%-")%_!("b-1-b*.,-"('Hb--"' b &,b-(b0(+$b0%%b(/+b
-!bb",b/'b!++Hb!-b'b &,b(b(+b-!b(+ '"3-"('b-!-b&.,-b)2b(+b-!"+b
/%()&'-Mb(',"+b &,b"'b-!,b,"-.-"(',Jb

)-.-H) H #&/,H,H"#!"Hb"%.+,b-!-b'' +b%"Ib).%"b,-2Ib'b"''"%b,.,,b

#.,-"2b1)',"/b+&",Hb+"'b,.+ (',Ib'.%+b)(0+b)%'-b()+-(+,Ib'b,-($b
&+$-b"'/,-(+,b&.,-b(',",-'-%2b)+(+&b-bb!" !b%/%b(b,$"%%Hb

,(#(!H1#."H,&H-3-.'-H#-H().H*,.#&Hb!b+%b-"/"-2b&2b-$b-((b%(' Ib(+b
1&)%Ib-,-"' b '-"b&(""-"(',b-(b)%'-,Hb+"'"' b('b+%b,2,-&,b&2bb-((b
1)',"/Ib(+b1&)%Ib%+'"' b-(b%2b-!b%-,-b)+(.-b+(&b("' b(+b
"+.,Hb"%.+b
&2bb-((b&++,,"' Ib(+b1&)%Ib-+" +"' bb%,b%+&b"'bb,.+"-2b,2,-&b-!-b
,.&&(',b-!b)(%"Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
,(,-H(H#(#0#/&H..(.#)(Hb&,b'bb,%_.,-(&"3"' Hb +'+,b1)+"'b
b.'"*.b,+",b(b/'-,b"'b+,)(',b-(b-!"+b(0'b$'(0% Ib,$"%%,Ib'b"',-"'-,Hb

(3H*)*&H'/-.HH/.Hb"'b-!b&#(+b(,-,b(+bb &b+b"'b/%()"' b'b

)+-"' b"-Ib"-"('%b%+'+,bb%"--%b-(b-!b-(-%b(,-,Hb)+"' b-!b(,-,b(/+bb0b
!.'+b(+bb0b-!(.,'b%+'+,b+(/+,b-!(,b(,-,Hb
-%-H,H)'*&2H(H.#'H#-H-"),.Hb&,b'b-%,()b0$,b(b.-"('b"'-(b2,Hb
&,b%-b%+'+,b,$")b+)"%2b-!+(. !b,.#-,b-!2b!/b%+2b&,-+b'b,)'b
&(+b-"&b('b#.,-b-!b+,b"'b0!"!b-!2b'b"&)+(/&'-Hb&,b+b!" !%2b""'-b
(!,Hb
%#&&-H.)HH./!".H,H-/.&H(H)'*&2Hb&,b0(+$b0%%b(+b,.#-,b0!'b-!b
+-,-b!%%' b",b'(-b*."+"' b-.%b$'(0% b.-b))%2"' b,$"%%,Ib$'(0% Ib'b
--"-.,b"'b(&)%1Ib.'"*.b,"-.-"(',Hbb
)/H"0H.#'H(H/!.H.)H-H."H*,)$.H.",)/!"Hb&,b&2bb-"/Ib.-b-!2b
+b,%(&b,2b(+b"'1)',"/b-(b/%()Hb()!",-"-Ib+%",-"b &,b'b+*."+b=88b
-(b9I888b!(.+,b(b/%()&'-b(+b!b!(.+b(b%+'"' Hb/'b-!(. !b,"&)%+b &,b
+*."+b&.!b%,,b/%()&'-b-"&Ib-!2b(b+*."+b,.,-'-"%b-"&b-(b," 'Ib)%'Ib'b
,)"2Hbb

*/&)
%
"($$
#)

!b"+'-b-2),b(b%+'"' b &,b+b%"&"-b('%2b2b-!b+-"/"-2b(b," '+,Hb+b
+bb0b&(+b1&)%,b-(b "/b2(.b,(&b",b(b-!b/+"-2b(b%+'"' b &,b2(.b'b
.,b"'b_%+'"' Hb

."3_,!(0b &,bO)Hb;;9PHb

(+b &,bO)Hb;;:PHb

" ,0b).33%,bO)Hb;;;PHb

+'!"' b,'+"(,bO)Hb;;<PHbb

,$b,"&.%-"(',bO)Hb;;=PHb

+,('%_+,)(',b,"&.%-"(',bO)Hb;;?PHb

'/"+('&'-%b,"&.%-"(',bO)Hb;<8PHb

&&+,"/b+(%_)%2"' b &,bO)Hb;<9PHb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
'E9JC8?G
71=5C

(b&$b-,-,b%,,b"'-"&"-"' b'b&(+b'  "' Ib+,-2%b-!&b,b &b,!(0,Ib,"&"%+b
-(b(',b(&&('b('bHb

'b-!",b1&)%Ib%+'+,b+b!%%' b-(b,(+b



b'.&+b(b)("'-,b2b(++-%2b',0+"' b

#(
$
(!#*")!%$(



*.,-"(',b(.-b",.%b,"Hb(b+!b-!"+b
(%,Ib%+'+,b'b',0+bb%(-b(b%(0_)("'-b
*.,-"(',b(+b0+b!" !_)("'-b*.,-"(',Hb!2b
'b',0+b*.,-"(',b+(&bb0b- (+",b(+b
+(,,b,/+%b"+'-b- (+",Hb!b(++-b
',0+b,b-(b-!b-(-%b,(+Ib'b!b
"'(++-b',0+b,.-+-,b+(&b-!b-(-%b,(+Hbb
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b.,-(&b /+")-b'b#.+2Hb
"0b1&)%b-b!(+-('H(&^%^Hb

."3_,!(0b &,b+b ((b(+b-,-"' b-.%b$'(0% Ib)+(/"b',0+,b+b%+%2b

+" !-b(+b0+(' Hb.!b &,b'b,+/b,b-,-,Hb
'b-!2b+b""'-Jb 'b#.,-bb0b&"'.-,b
2(.b'b,$b:=b"%%_"'_-!_%'$b-,-b*.,-"(',Hb!2b)+(/"b"''-"/b-(b,-.2b'b%+'Hb

b*."3_,!(0b &b&" !-bbb ((b,',"-"3"' b-"/"-2b(+b)+_-,-b-b-!b "''"' b(bb
&(.%Hb!b,"+b-(b0"'b-!b &b)+(/",b"''-"/b-(b%+'b-!b'b-,Hb

',0+,b"'b*."3_,!(0b &,b+b'(-b%"&"-b-(b/+%b+,)(',,Ib,b-!",b'1-b1&)%b
,!(0,Hbb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b

!",b &b-!,b
)+"'")%,b2b!/"' b
%+'+,b%"$b('bb
&-!(b"'b-!b(++-b
%,,b-!-b'b)-b'b
"'(&"' b&,, Hb

'Ib%"$b&'2bb
*."3b,!(0,Ib-!",b('b
!,bb-"&+b-(b+*."+bb
)+(&)-b+,)(',Hb
b
b
."%-b.,"' b "+(,(-b
(0+("'-b'b('/+-b(+b
-!bb0"-!b")+"' b+,'-+Hb
"0b1&)%b-b
!(+-('H(&^%^Hb

-?B4
71=5C

(+b &,Ib,.!b,b+(,,0(+b).33%,Ib&$b%+'"' b-+&"'(%( 2b.'Hb (,-b+b#.,-b
"%%_"'_-!_%'$,b-,-,b+,,b.)b,bb &Hb

!",b+(,,0(+b).33%b",b+(&bb
(.+,b('b-!'(%( ",b(+b+-"' b
('%"'b&"Hb+V,b!(0b"-b0(+$,Hb
(.b,%-bb%.Ib"'b-!",b,b:b(0'Hb
!'b2(.b-2)b-!b',0+b"'-(b-!b
',0+b"%b'b%"$b)-.Hb!b
',0+b'(0b))+,b"'b-!b).33%Hbb
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+b'b.,-(&b
/+")-Hb"0b1&)%b-b!(+-('H(&^%^Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
(+b &,b+b ((b-(b-,-b$'(0% b(b-+&,Hb!2b+b%,(b ((b-(b&(-"/-b+"' b
(b-1-b-(b"'-"2b'&,b(b)()%Ib)+(.-,Ib(')-,Ib'"&%,Ib%(-"(',Ib'b,(b(+-!Hb
!2b(&"'b0%%b0"-!b,/' +_!.'-b-"/"-",b0!+b%+'+,b%(($b.)b-!b',0+,b-(b
%.,b+-!+b-!'b&+%2b+%%b',0+,bO)Hb9A@PHb



97C1G
@EJJ<5C

#(
$
(!#*")!%$(



(b2(.b-!b,.#-,b-!-b"'/(%/b0!(%_-(_)+-,b+%-"(',!"),Mb(b2(.b,)'b-"&b
-%%"' b%+'+,b!(0bb)+(.-Ib.,"',,Ib(+b(-!+b,.#-b",b(+ '"3Mb b,(Ib#" ,0b
).33%,b'b,+&%_-"%,b &,b(+bb02b-(b%-b%+'+,b",(/+b,.!b+%-"(',!"),b
'b-(b-,-b%+'+,b('b,.!b+%-"(',!"),Hb

b,+&%_-"%b).33%b'b!%)b%+'+,b+%%b"& ,Ib/",.%"3b+%-"(',!"),Ib(+b'(-"b
",+"&"'-"' b-"%,Hbb

!",b-"/"-2b('b
%",-'"' b,$"%%,b,$,b
%+'+,b-(b,,&%b
'b(+ '"3-"('b!+-b
,b('b'b
(/+!+b
('/+,-"('b&(' b
(&)'2b1.-"/,Hb
b
b
."%-b.,"' b
(b
+&0/+b'b.,-(&b
/+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hbb
b

+'+,b%"$b('b-!b-"%b-!2b0'-b-(b&(/b'b-!'b%"$b0!+b-!2b0'-b-(b&(/b"-Hb
!2b('-"'.b-!b)+(,,b.'-"%b-!b)"-.+b!,b'b,,&%Hb!b &b"+-,b
%+'+,Vb--'-"('b-(b,)""b+)(+-"' b+%-"(',!"),Hb

!",b,&b$"'b(b).33%b!,b'b.,b-(b-!b+&(%"' b('-+-(+,b!(0b-!b
(&)(''-,b(bb)+-".%+b+!"--.+%b,-2%b+b(&"'b"'b,)""b!(.,,b'b-(b-!b
/+")-b)+( +&&+,b-!b '-+'-b1)%(++b(.&'-b(#-b&(%Hbb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
(')-.%b'b,-+-b,.#-,b+*."+b)+-"b-((Ib2-b0b(-'b(+ -b-(b)+(/"b
+%",-"b)+-"b-"/"-",b(+b,.!b,.#-,Hb'b02b-(b(b,(b",b-(b+-bb('+-b &b
(+b%+'"' b,-+-b(')-,Hbb

!",b#" ,0b).33%b+*."+,b
%+'+,b-(b+ b'b+()b
-!b).33%b)",b"'-(b)%b
-(b('" .+bb'-0(+$Hb
,b
-!2b+()bb(&)(''-b
"'-(b)%Ib-!2b -b
$b('b!(0b0%%b-!b
(&)(''-b0(+$,b"'b-!b
,%(-b-(b0!"!b"-b",b,," 'b
'b!(0b"-b"'-+-,b0"-!b
,.++(.'"' b(&)(''-,Hb

bb."%-b.,"' b
(b%,!Hb"0b1&)%b-b!(+-('H(&^%^Hb

!b-,$b",b'(-b,b,"&)%b,b"-b%(($,Hb!+b+b&(+b)",b-!'b,%(-,b'b('%2b(&)-"%b
(&)(''-,b'bb.,b-( -!+Hb!+b",b'(b"1b,(%.-"('Jb'2b(&"'-"('b(b
(&)(''-,b-!-b0(.%b0(+$b"'b-!b+%b0(+%b0(+$,b!+Hb

'b-!",b-"/"-2Ib%+'+,b1)%(+b-!b,-+-b0(+%b(b&.%-"_%2+b,-'+,b+ +"' b
-_(&&.'"-"('b)+(-((%,a.-b"'bb.'Ib-' "%b02Hb&,b0"-!b,.!b"'-+"-b
+.%,b+b"".%-b-(b+-b.-b+b/+2b-"/b"'b-!"' b,.#-,b-!-b!/b&(+b-!'b
('b+" !-b',0+Hb

B1>389>7
C35>1B9?C

+'!"' b,'+"(,b%-b%+'+,b)+(b-(0+bb (%b2b&$"' b","(',b-!-b!%)b(+b
!"'+b-!"+b)+( +,,Hb!,b &,b+,&%b-!b+%2b(&).-+b/'-.+b &,b"'b
0!"!b-!b)%2+b,-,b(.-b('bb*.,-b'b&.,-b)"$b.)b(#-,b'b!((,b)-!,b+.%%2Hb
.!b &,b+b(-'b%%b,("%_"'-+-"('b,"&.%-(+,b0!'b-!2b+b.,b-(b,"&.%-b
-!b"'-+-"('b-0'b)()%Hbb
'b) b;A8b0b%(($b&(+b%(,%2b-b," '"' bb+'!"' _,'+"(b &Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

!",b1&)%b%-,b%+'+,b
)+-"b-!"+b&' &'-b,$"%%,b
2b+,)('"' b-(b'b&)%(2V,b
+*.,-b-(b-$bb,-"%b%/Hb

++"/"' b-bb(++-b+,)(',b



+*."+,b!$"' b)+,(''%b"%,Ib

#(
$
(!#*")!%$(



+"' b(&)'2b)(%"2Ib'b
%%"' b(-!+b&' +,Hb
b
b
b
b
."%-b.,"' b "+(,(-b(0+("'-b'b('/+-b
(+b-!bb0"-!b")+"' b+,'-+Hb"0b
1&)%b-b!(+-('H(&^%^Hb

-!+b1&)%,b(b+'!"' b,'+"(,b"'%.b8'"(#8"bO)Hb;:<Pb'b-!b
"'-+/"0b &bO)Hb;?APHb

*1C;
C9=E<1D9?>C

,$b,"&.%-"(',b+*."+b%+'+,b-(b(&)%",!bb+%",-"b"-b(b0(+$Hb!+b+b-0(b&"'b
-2),b(b-,$b,"&.%-"(',Jb,(-0+b,"&.%-"(',b'b/"b,"&.%-"(',Hb!(. !b-!,b-0(b
-2),b&2b%(($b"+'-b'b+*."+b"+'-b-((%,b-(b)+(.Ib-!"+b.'+%2"' b
"',-+.-"('%b," 'Ib%( "Ib'b,*.'b(b1)+"',b+b,"&"%+Hb
(-0+b,"&.%-"(',b+b(&"' bb,-'+b02b-(b%+'b-(b()+-b(&).-+b,(-0+Hbb

!",b,"&.%-(+b%-,b%+'+,b)+-"b
,--"' b.)b(''-"(',b-0'b-!b
()+-"' b,2,-&b'b/+"(.,b
-,,a0"-!(.-b'2b+",$b(b
& "' b-b(+b-!b,2,-&Hb!b
,"&.%-(+b!/,b%"$b-!b+%b('-+(%b
)'%a1)-b-!b,"&.%-(+b+,-+"-,b
%+'+,b-(b-!b-,$b"' b-. !-b'b
)+(/",b"',-+.-"(',b"b'Hb

'b-!",b,-)Ib-!b%+'+b!,b,%-b-!b
(++-b+"/+b(+b-!b-,b'b
&.,-b'(0b%"$b#(#-"b-(b('-"'.Hbbb
b
b
."%-b0"-!b
(b)-"/-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
'b) b;@>b0b%(($b&(+b%(,%2b-b," '"' bb(!b-,$b,"&.%-"('Hb

/"b,"&.%-"(',b-!b!(0b-(b()+-bb)"b(b*.")&'-Hb 'b/"b,"&.%-"(',Ib
%+'+,b,"&.%-b)+,,"' b.--(',b2b%"$"' b('b"& ,b(b-!b/"Hb!2b&2b,"&.%-b
-.+'"' bb$'(b2b+ "' b"-,b b%-b(+b+" !-Hb

!",b1&)%b%-,b%+'+,b)+-"b
!(0b-(b,%-bb+"' b-('b('bb&("%b
)!('Hb
b

b
b
b
."%-b.,"' b
(b)-"/-Ib(0+("'-Ib'b

(b+,'-+Hb"0b1&)%b-b!(+-('H(&^%^Hb
b

'b-!",b('b-!,b
!(0b-(b()+-b'b
',-!,"b%"/+2b
.'"-Hb ",-$,b+bb%(-b
%,,b(,-%2b"'b-!",b
,"&.%-"('b-!'b"'b-!b
+%b()+-"' b+((&Hb
!",b",b('b,b(+b
0!"!b b0(.%b%%b-!",b
b("*!)$#Ib'(-bb"Hb
b%"b",b-b,-$Ib0b(b
'(-b)%2b &,Hb

," 'b2b"%%"&b(+-('b(',.%-"' b'b."%-b"'b
(b%,!b2bb(.+,0(+$,b

O0(.+,0(+$,H(&PHb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
&5BC?>1<B5C@?>C5
C9=E<1D9?>C

+,('%_+,)(',b,"&.%-"(',b)(,bb,+",b(b(&)%1b","(',b(+b%+'+,b-(b&$Hb
","(',b)'b('b&'2b,)+-b-(+,Hb +'+,b"&&"-%2b,b-!b+,.%-,b(b-!b
","('Hb +'+,b'b-!'b-0$b'b-.'b-!"+b',0+,b-(b-+2b-(b"&)+(/b+,.%-,Hb 


'b8)8"Ib%+'+,b

#(
$
(!#*")!%$(



)+-"b(++"' b+,-.+'-b
&%,b-(b&-b(&)%1b
"-+2b+*."+&'-,Hb %,b
(',",-b(b,/+%b"+'-b
((,Ib!b0"-!b"+'-b
'.-+"-"('%b"' +"'-,Hb
-+b
)%"' b-!"+b(++Ib%+'+,b
,b!(0b0%%b-!2b"Hb!2b
'b-!'b-+2b(-!+b
(&"'-"(',b(b((,Hb
b
b
b
."%-b.,"' b
(b+&0/+b'b

-"/b+/+b ,Hb
b

!b 8 $')$'.b",b
'(-!+b1&)%b(bb
)+,('%_+,)(',b,"&.%-"('Hb
'b-!b%-b(%.&'Ib%+'+,b
+b)+,'-b0"-!b(+&--b
-1-b'b!%%' b-(b
+)+(.b"-b2b'-+"' b
 b(b"'b-!b&"%b
(%.&'Hb!'b-!2b%"$b-!b
,.%-b.--('Ib-!2b,b-!"+b
+,.%-,b"'b-!b+" !-b(%.&'Hb
+'+,b-!'b+"'b-!"+b
(b.'-"%b-!2b&-!b-!b
(%Hb
."%-b.,"' b
(b+&0/+b'b /+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
+,('%_+,)(',b,"&.%-"(',b+b*."-b.,.%b-(b!%)b%+'+,b)+(+&b&-!b"'bb.'Ib
/",.%Ib"'-."-"/b,!"('Hbb

(.%b2(.b+-!+b%+'b-(b&' b
-!b"'',b(bb(+)(+-b
)+-&'-b2b"%%"' b"'b'.&+,b('b
b,)+,!-b%"$b-!",Mb
b
b
b
b
b
b
b
b
b
b
b
)+,!-b."%-b.,"' b "+(,(-b1%Hb
b
+b2b+ "' b,%"+,b
"'bb &b%"$b-!",Mb
b
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
b+2,-%b,!(+b
," 'b'b "+(,(-b1%Hb"0b
1&)%b-b!(+-('H(&^%^Hb
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

'(-!+b1&)%b%-,b%+'+,b/%()b--+b"'/,-&'-b!"-,b2b+)-%2b&$"' b
+",$2b"'/,-&'-,b.'-"%b-!2b",(/+b-!b' +,b(b-+-"' b"'/,-"' b,b &%"' Hb

+'+,b"b0!-b)+'- b(b-!"+b
'-b0(+-!b-!2b0'-b-(b"'/,-b'b2b!(0b 


&.!b-!2b0'-b-(b%/+ b"-Hb+bb

#(
$
(!#*")!%$(



%+'+b!,b"b-(b"'/,-bb*.+-+b(b
!",b'-b0(+-!b'b-(b%/+ b"-b2b=Ib
-!-b",Ib-(b(++(0bF=b(+b/+2b(%%+b(b!",b
(0'b&('2b"'/,-Hbb

!b%+'+b-!'b%"$,b (0-.H()1Hb
b
b
b
b
b

!b &b,!(0,b-!b%.-.-"(',b(b-!b
"'/,-&'-V,b/%.b(/+b-"&Hb
-b'2b
)("'-b-!b%+'+b'b%"$b-!b&&b.--('b
-(b,%%b-!b"'/,-&'-b'b+)b-!b "'b(+b
%(,,Hb!b &b-!'b+/+-,b-(b-!b+%"+b
,+'b0!+b-!b%+'+V,b'-b0(+-!b",b
+/",b-(b,!(0b-!b "'b(+b%(,,Hb!b
%+'+b'b-!'b-+2b "'b'b "'Hb
b
b
."%-b.,"' b
(b%,!Hb"0b1&)%b-b!(+-('H(&^%^Hb
b
(,,"%b,.#-,b(+b,.!b&-!_,b,"&.%-"(',b"'%.b"''Ib,"'Ib' "'+"' Ib
'b&""'Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
>F9B?>=5>D1<
C9=E<1D9?>C

'/"+('&'-%b,"&.%-"(',b%-b%+'+,b1)+"&'-b0"-!bb(&)%1%2b"'-++%-b,2,-&Ib
,.!b,bb'-.+%b'/"+('&'-Hbb

!",b &b-!,b)+"/-b%'(0'+,b
"'b-!b,(.-!,-+'b'"-b--,b-(b
&' b-!"+b(+,-,b&(+b-"/%2Ib
+ +%,,b(b-!"+b)+-".%+b (%,Hb 'b"-Ib
%+'+,b&' bb-+b+&Hbb
'b-!b &Ib%+'+,b('+('-b
%.-.-"' b)+",Ib)"'_-%b
"',--"(',Ib,!b%(0b"".%-",Ib'b
-!b-b-!-bb-+b-$,b;8b2+,b-(b
+(0Hb!",b &b%-,b%+'+,b",(/+b
(-!b(%( "%b'b('(&"b)+"'")%,b
'b%+'b-(b))%2b-!&b"'b-!b
,"&.%-b'/"+('&'-Hb
b
b
b
b
."%-b.,"' b "+(,(-b(-)Ib "+(,(-b"'-Ib'bb
0!(%b%(-b(b.,-(&b b'b /+")-Hb"0b
1&)%b-b!(+-('H(&^%^Hb

b
!",b,"&.%-"('b'b+)%"-b-!b!' ,b-!-b(.+b(/+b!.'+,b(b2+,b"b',,+2Hb
(+b!b-"&b)+"(bO('b*.+-+b(bb2+PIb-!b%+'+b+/"0,b-!b+,.%-,b+(&b-!b%,-b
-"&b)+"(b'b",b0!-b-"(',b-(b-$Hb
-"(',b"'%.b-!"' ,b%"$b,%-"/%2b
.--"' b'b+Ib%+_.--"' b"-Ib+)%'-"' b"-Ib(+b!/"' b-!b+b))+",Hb
-"(',b'bb
"'"/".%%2b))%"b-(b!b(b-!b><b)%(-,b('b-!b&)Hbb
!b+,.%-,b(+bb-"&b)+"(b)'b('b-"(',b-$'b2b-!b%+'+Ib'b%,(b('b/+"%,b
,.!b,b+"'%%Ib%.-.-"(',b"'b)+",b(+b,0b-"&+b'b).%)b0((Ib&+ '2b',b(+b
,!bO. !-+b -,b)-b-b+/+PIb(+,-b"+,Ib'b",,-+,b,.!b,b-(+'(,b'b
%" !-'"' Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
.,-b,b"'b-!b+%b,"-.-"('Ib%+'+,b&.,-b%(($b2('b-!b,.)+""%b))+',Hb(b(b
,(Ib-!2b'b%%b.)bb-"%b,--.,b+)(+-Hbb

!b,--.,b+)(+-b,!(0,b-!b%'b.,b'b
('"-"('b(b-+,Hbb 


b

#(
$
(!#*")!%$(



bbbbbbbb b
!b,--.,b+)(+-b%,(b%",-,b-!b-"(',b
(++b2b-!b%+'+b(/+b-!b'1-b-"&b
)+"(Hb!",b%",-b "/,b%+'+,bb!'b-(b
+(',"+b-"(',Ib#.,-b,b"'b-!b+%b
0(+%Hb b

!",b &b",bb"-b.'.,.%b"'b-!-b%+'+,b'b,-b-!b (%,Hb!2b'b&"1b('(&"Ib

,-!-"Ib'b'/"+('&'-%b('+',b-(b&(,-b%(,%2b&-!b-!"+b (%,b(+b-!"+b+%_%"b
-"&+%'Hb2b&$"' b-!b (%,b%1"%Ib0b'(.+ b%+'+,b-(b-+2b(.-b/+"(.,b
))+(!,Hb

==5BC9F5
B?<5@<1I9>7
71=5C

&&+,"/b+(%_)%2"' b &,b&b%+'+,b"'bb)+-'b0(+%b(&)%-b0"-!b(&)%1b
(%,Ib-((%,Ib%%",b'b())(''-,Ib.')+"-%b/'-,Ib'b!"'b&(-"/-"(',Hb

+b0b,b-!b()'"' b
,+'b(+bb &b0!+b-!b
%+'+b)%2,b-!b+(%b(bb
'0%2b!"+b&' +b(bb
(+)(+-b)+-&'-Hb!b
%+'+b&.,-b).+,.bb
,-+- "b (%b0!"%b%"' b
0"-!b(,"('%b+",,Ib
0"''"' b&' &'-b
,.))(+-Ib'b"'-+-"' b
0"-!b)+,b"'b,"&"%+b
)(,"-"(',b-b(-!+b(&)'",Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
'b-!",b,"1_0$b,"&.%-"('Ib-!b%+'+b"'-+-,b0"-!b-!b-!+b'b%%(0b%+'+,b('%2b
"'b-!"+b+(%,b"'b-!b &Hb(+b&(+b('b-!",b &b'b"-,b0(+%Ib,b) b;=9Hb
.!b"&&+,"/b+(%_)%2"' b &,b+b ((b(+b-!"' b%+'+,b-(b)+)+b(+b(&)%1b
0(+$b'/"+('&'-,b'b/(%/"' b,"&.%-"(',Hb

)$
#)
%(
"($$

(&&+"%b(&).-+b'b/"(b &,b'b(,-b&"%%"(',b(b(%%+,b'b-$b2+,b-(b
/%()Hb0b,!((%,b(+b-+"'"' b)+-&'-,b!/b. -,b-!-b%+ Hb'b-!b(-!+b!'Ib
b!/b,'b-"/b%+'"' b &,b+-b2b('b)+,('b"'bb0$Hb
b ((b%+'"' b
&b+*."+,b ((b," 'b&(+b-!'b"-b+*."+,b&,,"/b&(.'-,b(b)+( +&&"' b'b
"'-+"-b +)!",Hb

5C97>
D?
133?=@<9C8
<51B>9>7
?2:53D9F5C

," '"' b-"/b &,b",b,b&.!b+-b,b,"'Hb
b%+ b)+-b(b-!-b+-b(&,b"'b
+-"' b1)+"',b-!-b(-!b-!b'b-,-b(&)%",!&'-b(b(#-"/,Hbb
+(&b-!b "''"' Ib&$b%+b0!-b-!b &b&.,-b(&)%",!Hb ",-b-!b (%b'b
"'"/".%b%+'"' b(#-"/,b-!b &b&.,-b(&)%",!Hb!",b",b-!b,&b,-)b2(.b
)+(+&b(+b'2b(+&b(b%+'"' Hb b&'-"('b"-b!+b.,b&'2b &b," '+,b-'b-(b
(+ -b(.-b(#-"/,b'b(.,b('b#.,-b&$"' b-!b &b.'Hbb)+)+b-(b,--b!(0b
!b%&'-b"'b-!b &b,.))(+-,b-!b(#-"/,Ib"-!+b"+-%2b(+b"'"+-%2Hb
+b+bb0b1&)%,b(b &b-"/"-",b-(b(&)%",!b"+'-b-2),b(b%+'"' b
(#-"/,Hb

3*-H) H 3*H!'H(H")1H.)H/-H#.H#(HG&,(#(!;H
)$.#0-H

,.H #!-1H*/44&b`b*."+b%+'+,b-(b,,&%b(&)(''-,b"'-(bb'('_
(/"(.,b(&"'-"('b-!-b,(%/,bb)+(%&b(+b&-,b+*."+&'-,Hb
(0#,)('(.&H-#'/&.#)(b`b,-b0!-!+b%+'+,b+,)('b%1"%2b-(b
.'1)-b('"-"(',b'b"'+b)+"'")%,b+(&b1)+"',b"'b-!b
&Hbb
'',-#0H,)&G*&3#(!H!'b`b!%%' b%+'+,b-(b!"/b (%,b
,)"-b"'(&)%-b"'(+&-"('Ib!"'b+.%,Ib'b",-+-"' b-"%,Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

3*-H) H 3*H!'H(H")1H.)H/-H#.H#(HG&,(#(!;H
)$.#0-H

#H ,("#(!H-(,#)b`b -b%+'+,b1)+"'b-!b(',*.',b(b

,-+- ",b'b)+"'")%,b.,b-(b ."b","(',Hb 


-%H-#'/&.#)(b`b/b%+'+,b)+-"b&$"' b('_#(b","(',b-(b

#(
$
(!#*")!%$(



++2b(.-b-,$,Hb
,-)(&G,-*)(-H-#'/&.#)(b`b -b%+'+,b1)+"'b(',*.',b(b
","(',b'b+/",b-!"+b!(",b-(b"'(+)(+-b",(/+",Hb
(0#,)('(.&H-#'/&.#)(b`b'(.+ b%+'+,b-(b",(/+b)+"'")%,b
'b(')-,b-!-b ."b--+b","(',b"'b-!b'/"+('&'-b,"&.%-Hb

)H #!-1H*/44&b`b+(/"b)+-"b"'b'b,,&%2b)+(.+Hb
-%H-#'/&.#)(b`b+(/"b)+-"b'b$b"'bb%"'+b-,$Hb

()1H /#4G-")1H!'b`b1+",b'b-,-b+%%b(b"'(+&-"('Hb
),H*/44&-b`b1+",b'b-,-b+%%b(b'&,b'b-+&"'(%( 2Hb
#!-1H*/44&b`b,-b+%%b(b,)-"%b'b%( "%b+%-"(',!"),b&(' b
(&)(''-,b(bb0!(%Hb

&#0H ,("#(!H-#'/&.#)(b`b
%%(0b%+'+,b-(b1)+"'b-!b(',*.',b
(b-!"+b%",b0"-!"'bb+%",-"b,"-.-"('b'b-(b+/",b-!(,b%",b2b
",(/+",b&b"'b-!b,"&.%-"('Hb
,-)(&G,-*)(-H-#'/&.#)(b`b+(/"b"&&"-b$b('b-!b
(++-',,b'b(',*.',b(b%",Hb
(0#,)('(.&H-#'/&.#)(b`b -b%+'+,b-,-b-!"+b.++'-b%",b(.-b
!(0b'b'/"+('&'-b()+-,Hb
'',-#0H,)&G*&3#(!H-#'/&.#)(H`b/b%+'+,b1+",Ib-,-Ib'b
+/",b-!"+b%",b2b,"' b-!b(&)%1b(',*.',b(b","(',b
0"-!"'b-!b,"&.%-"('Hb

&b ,("#(!H-(,#)b`b -b%+'+,b1)+"'b-!b(',*.',b(b

","(',b"'%.'b2b-!"+b&(-"(',Hb
,-)(&G,-*)(-H-#'/&.#)(b`b -b%+'+,b,b-!b-b(b-!"+b
&(-"(',b('b","('_&$"' b'b!(0b-!2b'b"&)+(/b+,.%-,b2b
(',"(.,',,b(b-!"+b&(-"(',Hb
(0#,)('(.&H-#'/&.#)(b`b/b%+'+,b1)+"'b0",)+b
(',*.',b(b","(',b-b2b-!"+b%"' ,Hb
'',-#0H,)&G*&3#(!H-#'/&.#)(H`b/b%+'+,b&$b","(',b'b
+"/b$b"'b(&)%1b,"-.-"(',b%"$%2b-(b-+" +b&(-"('%b
1)+"',Hb
b

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
H@B5CC
D85
7?1<
1C
1
C@539693
D1C;

'b-!b &Ib1-%2b0!-b+b%+'+,b-(b(&)%",!Mb"/b%+'+,bb,"' %Ib
.'+,-'%b (%b "',-b0!"!b-!"+b+,.%-,b'bb&,.+Hb

 H)H
H-H
$b&('2b2b"'/,-"' b"'b,-($,Ib _%'bb)(+-(%"(b(b,-($,Ib(',Ib
(',Ib'b+%b,--Hbb 'b+%b,--b-(b+.b+%b-1,b2b
<8BHb
++bb%'b&%b-b-!b,"&.%-b ++bb&%b0"-!b%,,b-!'b9I888b%(+",b
+,-.+'-Hb -!-b!,b-0"b-!b"%2_+(&&'b
&(.'-,b(b"+('b'b%".&Hb
"$bb"/+,b-&Hb "$b-!b,&%%,-b-&b0"-!b%%b-!b
+*."+b,$"%%,b(+b%.'!"' bb'0b
)+(.-b,"&.%-'(.,%2b"'b )'Ib!"'Ib
'b-!b'"-b--,Hb

&93;
D85
B978D
C9J54
71=5

(&b-2),b(b &,b+b,&%%b'b,"&)%Hb-!+,b+b,)+0%"' b'b(&)%1Hb(&b('%2b
0(+$b(+b'++(0b(#-"/,b0!"%b(-!+,b+b-((b1)',"/b-(b.,b(+b('%2bb,&%%b.'"-b(b
%+'"' Hb!b(%%(0"' b#(b"b+(&&',b0!+b-(b(',"+b"+'-b-2),b(b &,Hb
)'b"+%,b"'"-bb ((b"-Hb%$b(-,b+)+,'-bb--+b"-Hb

3*-H) H!'-H -H ),H>H

)H.#0#.3H -.H ")&H ")&H ")&H
.)*#H &--)(H )/,-H
/#4G-")1H!'H
b
b b b b

),H*/44&H
b
b b b b

#!-1H*/44&H
b
b b b b

,("#(!H-(,#)H b b
b
b b
-%H-#'/&.#)(H b b
b b b

,-)(&G,-*)(-H b b
b
b b
-#'/&.#)(H
'',-#0H,)&G*&3H b b
b
b b
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
=@81C9J5
<51B>9>7
>?D
:ECD
4?9>7

$b,.+b2(.+b &,b+*."+b))%2"' b0!-b2(.b+b-!"' Hb $b0"''"' b-!b &b
+*."+b+-"/"-2b'b+.%b","(',Ib'(-b#.,-b,-b+%1,Hb
#'/&.H."H.")/!".G*,)---Ib'(-b#.,-b-!b)!2,"%b-"(',Hb
/("b &,b-!-b&,.+b 


('%2b!(0b*."$%2b'b.+-%2b-!b%+'+b'b&(/b-!b&(.,Ib.'%,,b-!-b",b-!b,$"%%b

#(
$
(!#*")!%$(



2(.b+b-!"' Hb
+/#,H."H&,(,H.)H'%H."H-'H%#(-H) H#-#)(-b,b"'b-!b+%b-"/"-2Hb 'b&(,-b
%+'"' b &,Ib"-b",b&(+b"&)(+-'-b-!-b-!b%+'+b&$b.-!'-"b","(',b-!'b-!-b
-!b%+'+b1.-b-!(,b","(',b"'bb+%",-"b02Hb

0)#H,#.,,3H&#'#..#)(-H)(H")1H."H&,(,H)'*&#-"-H."H!)&Hb b-!+b+b-!+b
02,b-(b(b-!b-,$b"'b-!b+%b0(+%Ib%%(0b-!+b02,b"'b-!b &Hb

)@5396I
381<<5>75
1>4
=?D9F1D9?>

+%2b('Ib"b!(0b-!b &b0"%%b&(-"/-b%+'+,b-(b).-b(+-!b-!b(+-b+*."+b'b
(/+(&b-!b+.,-+-"(',b'b"".%-",b)(,b2b-!b &Hb(&b(&&('b&(-"/-"('%b
-!'"*.,b"'%.Jb

(&)-"-"('b0"-!b(-!+b)%2+,Ib(-!+b-&,Ib(+bb)%2+Y,bZ)+,('%b,-HZb

.))(+-"' b2(.+b%%",Ib+"',Ib-&Ib(&)'2Ib)+-&'-Ib(+b(-!+b(+ '"3-"('%b
.'"-b"'b-!b &Hb

(%/"' bb)+(%&Ib,.!b,bb).33%Ib&2,-+2Ib(+b+"%Hb

-"' b(+b-"' bb,-b,-'+Hb

.,,b"'b-!b/"+"(.,b &b0(+%Ib,.!b,b/'"' b-(b-!b'1-b%/%Ib0"''"' bb
)+(&(-"('Ib,/"' b%"/,Ib(+b "'"' b)(,,,,"(',b(+b-++"-(+2Hb

#1>175
3?=@5D9D9F5>5CC

1,,"/b(&)-"-"/',,b'b -b"'b-!b02b(b-"/b%+'"' Hb b%+'+,b+b!" !%2b
(&)-"-"/b'202Ib-!b &b&2b'(-b)+(.b-!b,"+b(.-(&Hb%,b
+)+,'--"/,b'b-+"%b--(+'2,b&2b(&)-b&(+b +,,"/%2b-!'b2(.b'-"")-Hb
-!+b +(.),b&2b%b.'(&(+-%b(&)-"' b"+-%2b "',-b-!"+b+"',b(+b(_
0(+$+,Hb
,$b2(.+,%b0!-!+b"-b",b&(+b"&)(+-'-b(+b2(.+b%+'+,b-(b(&)-b(+b-(b
(%%(+-Mb," 'b-!b &b(+"' %2Hb

&B?F945
=E<D9@<5
G1IC
D?
<51B>

.))%&'-b-!b-+"%_'_++(+b%+'"' b(&&('b"'b &,b0"-!b(-!+b&-!(,Hb +'"' b
2b-+"%b'b++(+b'bb+.,-+-"' Ib'b-!+b",b-!b' +b-!-b%+'+,b+&&+b-!"+b
"+,-b--&)-,Ib'(-b-!b(++-b(',Hb(b&$b%+'"' b&(+b+%"%Ib"'(+)(+-b"-"('%b
,(.+,b(b%+'"' b"'-(b-!b0(+%b(b-!b &Ib(+b1&)%Ib.,"',,b+)(+-,Ib&&(,b'b

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
_&"%b&,, ,Ib-!'"%b&'.%,b'b"'.,-+2b,-'+,Ib(&)'2b)(%"",b'b
)+(.+,Ib&-"' b&"'.-,Ib'b(-!+b,(.+,Hbb
!+b)(,,"%Ib#.,-b%"'$b-(b+%b(.&'-,b/"%%b('b-!b'-0(+$Hb.!b1!""-,b
)+(/"bb%(0_'0"-!b%-+'-"/b-(b/"(b'b,(.'Hb+Ib(+b +-+b+%",&Ib&$b
-!,b1!""-,b/"%%b-(b%+'+,b('%2b-+b-!2b!/b-$'b-"(',b-!-b0(.%b&$b
-!&b/"%%b"'b-!b+%b0(+%a,.!b,b,$"' b(+b-!&b(+b#("'"' bb)+(,,"('%b
,,("-"('Hb

(*

#(%-%("

'  b%+'+,b"'b'b"'-+,-"' Ib!%%' "' Ib'b.'b%-+'-"/b+%"-2Hb $b-!",b
&"+(_0(+%b('b-!-b0"%%b)-.+b-!b"& "'-"('b(b%+'+,b'b%-b-!&b)+-'b-!-b
-!b&"+(_0(+%b",b+%Hb

)@5396I
D85
71=5C
G?B<4

!b &b0(+%b'bb,"&)%b(+b(&)%1Hb -b&2b+,&%b+%b%"b"'b/+2b)+-".%+b(+b
&2b+-b'b%-+'-b+%"-2b0"-!b"-,b(0'b+.%,Ib/%.,Ib'b))+',Hb)"2"' bb
(&)%-b0(+%b",bb"%"%b(+-Hb(+b2(.+b &Ib2(.b0"%%b)+(%2b0'-b-(b$)b-!b
0(+%b,"&)%b'b,&%%Hb
-bb&"'"&.&Ib2(.b0"%%b'b-(b,)"2Jb

",.,-H(+b-"/b '-,b"'b-!b &Hb!b&(,-b"&)(+-'-b!+-+b",b-!b%+'+Hb
(+b,(&b &,b-!-b",b-!b('%2b!+-+Hb-!+b &,b&2b!/bb,-b%"$bb
(%%20((b1-+/ '3Hb

$.-Ib,.!b,b-((%,Ib*.")&'-Ib.+'"-.+Ib'b(-!+b-!"' ,b-!b%+'+b'b(-!+b
!+-+,b"'-+-b0"-!b0"-!"'b-!b &Hb

).#)(-Ib,.!b,b+((&,Ib"-",Ib'/"+('&'-,Ib'b(-!+b,),b-!+(. !b0!"!b &b
)%2b'b)+(Hb (-"(',b&2b!/b-!"+b(0'b(#-,b'b+.%,b'b&2bb.,b-(b
,."/"b &b)%2b(+b-(b+)+,'-b)+( +,,b-(0+bb (%Hb

&.#)(-"#*-b&(' b!+-+,Ib(#-,Ib'b%(-"(',b-+&"'b!(0b-!2b&2b
"'-+-b,b-!b &b)+(,Hb

1-H) H'."<H*"3-#-<H(H(./,b-!-b-+&"'b)!2,"%b"'-+-"(',b&(' b(#-,Ib
(',*.',b(b-"(',Ib'b'.&+"%b+,.%-,Hb!b &b0(+%b&2b,%-"/%2b
"&)%&'-b(',-+"'-,b(b-!b+%b0(+%Ib" '(+"' b"++%/'-b%"&"-,b"'b(++b-(b(.,b
--'-"('b-(b-!b(',b"&)(+-'-b-(b-!b%+'"' b-b!'Hbb

.",H3('#-b-!-b,)"2b!(0b-!"' ,b!' b'b"'-+-Hb(+b1&)%Ib-!b-+b
+&b &bO)b;<8Pb,)"",b!(0b-!b +(0-!b"'b('b+b)',b('b-!b.++'-b('-'-b
(b-!b+Ib('b+"'%%Ib('b-!b('-'-b(b,.++(.'"' b+,Ib'b('b!.&'b
"'-+/'-"(',Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
)@5396I
381B13D5BC
1>4
9=@?BD1>D
?2:53DC

'b &,Ib)()%b"'-+-b0"-!b!+-+,b'b"&)(+-'-b(#-,Hb',.+"' b-!-b-!b
"'-+-"('b",b-+.%2b.-"('%b+*."+,b+.%b--'-"('b-(b-!b," 'b(b-!(,b!+-+,b
'b(#-,Hb!,b"-&,b'b"'%.b!.&'Ib'"&%Ib'b+((-b!+-+,b%(' b0"-!b 


-((%,Ib-($',Ib'b(-!+b(#-,b-!-b)%2b+(%,b"'b-!b(.-(&b(b-!b &Hb

#(
$
(!#*")!%$(



(?<5
9>
D85
71=5

/+2-!"' b"'b-!b &b,!(.%bb-!+b(+bb+,('Hb!b+,('b&2bb)+"&+2b(+b
,('+2Hb -b&2bb-(b.+-!+b.-"('b(+b&+%2b-(b,.))(+-b-!b%(0b(b-!b &Hbb .,-b
&$b,.+b-!-b2(.b'b,2b0!2bb!+-+b(+b(#-b))+,b"'b-!b &Ib-!-b",Ib0!-b",b
"-,b+(%b'b!(0b(,b"-b+%-b-(b(-!+b!+-+,b'b(#-,b"'b-!b,-(+2Hb -b-!",b+(%b
."b," 'b(b-!b"-&Hb

$1=5

"/b/+2b," '""'-b!+-+b'b(#-bb&&(+%b'&Hb/'b"b-!b'&b",b'/+b
.,b"'b &b)%2Ib"-b&2bb/%.%b-(b-!b," 'b'b/%()&'-b-&b"'b+++"' b-(b
-!b"-&Hb!b'&b,!(.%bb,"%2b+&&+b.-b'(-b-((b(Hb(+b'&,b%+'+,b0"%%b
'(.'-+b"'b-!b &Ib&$b-!b'&b,2b-(b)+('(.'Hb
/("b'&,b-!-b"&)%2b&(+b
-!'b2(.b"'-'b(.-b-!b'-"('%"-2b(+b$ +(.'b(b-!b!+-+Hb

%2C5BF12<5
381B13D5B9CD93C

+.%%2b,)"2b'2b(,+/%b!+-+",-",b-!-b&2bb+%/'-b-(b","(',b&b2b
-!b%+'+b)%2"' b-!b &Hb
%,(b,)"2b'2b!+-+",-",b-!-b2(.b(b'(-b0'-b-(b
%/b-(b,(&('b%,Y,b"& "'-"('Hb,+/%b!+-+",-",b(b!+-+,b"'%.Jb

(,Hb ,bb!+-+b&%Ib&%Ib(+b"'-+&"'-Mb&&+b-!-b+((-,Ib,(&b
'"&%,Ib'b,-+-b!+-+,b'b'(-b",)%2bb '+b"b"-b",b'(-b',,+2b(+b-!b
,-(+2Hb


!Hb ,b-!b!+-+b'b"''-Ib!"%Ib2(.-!Ib2(.' b.%-Ib&"%_ Ib(+b(%+b
)+,('Mbb b b",b'b"&)(+-'-b)+-b(b-!b!+-+Y,b+(%Ib"'"-b"-b%+%2Kb(-!+0",Ib
", .",b b(+b&$b"-b-2)"%b(+b-!b+(%b-!b!+-+b",b)%2"' Hb

H),H-%#(H)&),Hb b2(.b'b-(b,!(0bb)+-".%+b+Ib(+b1&)%b"'b-!"' b+(,,_
.%-.+%b(&&.'"-"('Ib,)"2b-!b+b1-%2Hb(+b+-(('b!+-+,Ib2(.b'b
,..b%%b"'"-(+,b(b+b'b.,bb,$"'b(%(+Ib,.!b,b +'Ib'(-b(&&('b('b
!.&'b"' ,Hb

&)."#(!Hb!b%(-!,b0(+'b2bb!+-+b'b+"'(+b-!b!+-+Y,b+(%b'b!%)b
%+'+,b$)b!+-+,b,)+-Hb 'b '+%Ib$)b%(-!"' b-2)"%b(+b-!b+(%Jb%b(-b
(+bb+,+!+b(+b.,"',,b,."-b(+b'b1.-"/Hbb

#,Hbb'b"%b!"+b",b'b,2b02b-(b/",.%%2b",-"' .",!b(-!+0",b,"&"%+b
!+-+,Hbb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b

)#Hb!b02bb!+-+b,)$,b'b+"'(+b-!b+(%b(b-!b!+-+b'b!%)b
1)+,,b&(-"('Hb(+b!b!+-+Ib,)"2b-!b-('b'b'-bO/+2(2b!,b'b
'-PHb
%,(b,)"2b'2b"&)+-"(',Ib,.!b,bb,%" !-b+,)"',,Ib-!-b0"%%b "/b-!b
!+-+bb&(+b",-"'-b)+,('Hb $b,.+b-!-b-!b/("b0"%%b&-!b '+Ib Ib'b
(-!+b!+-+",-",Hb

,-)(&#.3b'b&(-"('%b&$.)Hb ,b-!b!+-+b%&b(+b%" !-2Ib!--2b(+b-"-.+'Ib
(.- ("' b(+b,!2Mb ,b-!b!+-+b+($b,-2b(+b)+('b-(b&(-"('%b(.-.+,-,Mb(,b
-!b!+-+b!/b)!(",b(+b)-b)/,Mb

)0'(.Hb(0b(,b-!b!+-+b&(/Mb 'b&(/"' b+(&b('b)+-b(b-!b,+'b-(b
-!b(-!+Ib(,b-!b!+-+b,$")Ib)%(Ib%"&)Ib(.'Ib,- +Ib0/Ib %"Ib(+b
,!"&&2Mb(,b-!b!+-+b!/bb",-"'-b)--+'b(b&(/&'-Ib,.!b,b"%"' b0"-!b
b,-+'b(b!"+b%%"' b+(,,b-!bMb!'b,-'"' b(+b,"--"' Ib(,b-!b!+-+b
()-bb)+-".%+b)(,-.+Mb

," 'b-!b!+-+b-(b)"-(&"3b-!b+(%Hb!b!+-+b,!(.%b%(($Ib,(.'Ib'b-b%"$b
0!-b"-b+)+,'-,Hb 'b '+%Ib-!",b0"%%b+*."+b&$"' b!b!+-+bb-2)"%b'b
&"%"+b/+,"('b(b-!b"-&Hb0(b1)-"(',b))%2Jb"+,-Ib(b'(-b&)%(2b,-+(-2),b-!-b
+"".%bb +(.)b(b)()%Hb('Ib-!b!+(bO(+b-!b!+-+b0!(b+)+,'-,b-!b%+'+Pb
,!(.%bb-2)"%b"'b02,b-!-b"'+,b-!b%+'+Y,b0"%%"' ',,b-(b"'-"2b0"-!b-!b!+(Hb

'b"-"('b-(b-!b!+-+",-",b(b)()%Ib2(.b,!(.%b,)"2b!+-+",-",b(+b-!b
'/"+('&'-Ib,.!b,b-"&b)+"(Ib+!"--.+Ib4(+Ib'b,"&.%-"('b"&)%&'-,Jb

#'H*,#)b"'b0!"!b-!b,"&.%-"('b",b,-Jb),-Ib)+,'-Ib(+b.-.+Hb!-b
!+-+",-",b(b-!b,"&.%-"('b0"%%b,-b-!b,- b"'b-!b%+'+V,b&"'Mb b2(.b+b
," '"' b(+b-!b)+,'-Ib/("b)"-"' b,Hb ',-Ib$)b'/"+('&'-%b(#-,b
'.-+%b-(b',.+b-!-b-!b,"&.%-"('b0"%%b'(-b%(($b-bb0b2+,b(0'b-!b+(Hb


,"#../,Ib,.!b,b."%"' b1-+"(+,b'b,-+-b,',b-!-b-!b%+'+b0"%%b,Hb b
%+'+,b"'-+-b0"-!b+!"--.+%b-.+,Ib!(0b+%",-"b(b-!b-.+,b'b-(bMb

+b-!2b+)+,'--"/b(bb+%b(+b"& "'+2b)%Mb .,-b-!b+!"--.+b('/2bb
)+-".%+b-"&b)+"(Ib.%-.+Ib(+b,("%b%,,Mb b+!"--.+b(,b'(-b)%2bb)+"&+2b
+(%b"'b-!b,"&.%-"('Ib-!'b',.+b-!-b"'-'b%+'+,b0"%%b'(-bb",-+-b2b-!b
+!"--.+b-(b-!b-+"&'-b(b%+'"' Hb

5),Ib,.!b,b.+'"-.+Ib%&),Ib+. ,Ib0%%b(/+"' Ib)"-.+,Ib'b(-!+b,,(+",b
-!-b%+'+,b0"%%b,b'b"'-+-b0"-!Hb!(.%b-!b4(+b/($bb)+-".%+b,-2%Ib
.%-.+Ib(+b,("%b%/%Mb(0b-"%b,!(.%b-!b4(+bMb"%%b%+'+,b&'").%-b
'2b(b-!b"-&,Ib,.!b,b"%b"'-,Ib,$b+0+Ib(+b0%%b)"-.+,Mb

#'/&.#)(H#'*&'(.-Ib,.!b,b"%b(%+,Ib0+"-"' b"&)%&'-,Ib-,-b-.,Ib"%,b'b
%/+,Ib(+b,(&b(-!+b &b)"Hb(0b+%",-"b(b-!2b'b-(bMb(+b"',-'Ib"b)+-b
(bb&"%b)+(.+b"'/(%/,b&'").%-"' b-!b)-"'-Ib",b"-b',,+2b-!-b%+'+,b
-.%%2b1)+"'b-!b,',-"('b(b-(.!Mb+b0"%%bb,"&)%b'"&-"('b,."Mb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
," 'b/+2b,)-b(b2(.+b,"&.%-"('b-(b',.+b-!-b"-b)%2,b"-,b))+()+"-b)+-b'b
('-+".-,b-(b&-"' b-!b,"&.%-"('V,b(#-"/,Hb

B51D5
1
CD?BI<9>5




!bZ,-(+2Zb"'bb &b",b-!b,*.'b(b1)+"',b'(.'-+b2b-!b%+'+Hb(.b&.,-b

#(
$
(!#*")!%$(



,)"2b-!b,-+-"' b'b'"' b)("'-,b"'b-!b &Ib-!b%+'+Y,b+(%b"'b-!b &Ib0!-b
(.+,b-0'b,-+-b'b'Ib'b!(0b-(b -b-!b &b,-+-Hbb

!b-.,.#(!H*)#(.b+)+,'-,b-!b('"-"('b(b-!b%+'+b,b-!b &b()',Hb(+bb*."3_
,!(0b &Ib2(.b&" !-b,)"2JbZ
%%b*.,-"(',b+b/"%%b('b-!b &b(+b'b-!b
%+'+b!,b3+(b)("'-,HZb

!b(#(!H*)#(.b(b-!b &b+)+,'-,b(&)%",!&'-b(b-!b (%b(b-!b &Hb(+b-!b

*."3_,!(0b &Ib-!b'"' b)("'-b&" !-bJbZ!b &b',b0!'b-!b%+'+b!"/,bb
,(+b-!-b"'"-,b1)+-_%/%b$'(0% b(b-!b,.#-b(+b%%b*.,-"(',b('b-!b &b
(+b!/b'b--&)-HZbb
!b&,(,E-H,)&b-+&"',b!(0b-!b%+'+b"'-+-,b0"-!b-!b &b0(+%b'b!(0b-!b
-"(',b(b-!b%+'+b'b(&)%",!b-!b (%b(b-!b &Hb(+b-!b*."3_,!(0b &Ib-!b
%+'+Y,b+(%b&" !-bb"'b,b,"&)%2JbZ!b%+'+b",bb('-,-'-b('b-!b &b,!(0HZb
b!b*."H ,)'H-.,.H.)H(b+)+,'-,b-!b)%(-b(b-!b,-(+2Hb'%"$b'(/%,Ib &,b'b!/b
&.%-")%b)-!,b-!+(. !b-!b,-(+2b+-!+b-!'bb,"' %b)%(-b%"'Hb
'Ib"'b &,Ib"-b",b-!b
%+'+b0!(b-+&"',b-!b)-!Hb
,bb," '+Ib2(.b&.,-b,)"2b0!-b$"',b(b-!"' ,b
!))'b%(' b-!b02Hb!",b,-)b'b+*."+b"'"' b,"&)%b+.%,b(+b+0"' b0%%_,"3b
%(0!+-,Hb 'b-!b*."3_,!(0b &Ib-!b)%(-b",JbZ!b%+'+b+)-%2b--&)-,b*.,-"(',Hb
!b%+'+b)"$,bb,.#-b- (+2bOb+(0Pb'bb)("'-b/%.bOb(%.&'PHb!b*.,-"('b-b
-!-b"'-+,-"('b",b",)%2Hb!b%+'+b-2),b"'b-!b,!(+-b',0+b-(b-!b*.,-"('b'b
%"$,bbZ!$Zb.--('Hb b-!b',0+b",b(++-Ib-!b%+'+Y,b,(+b",b"'+,b2b-!b
)("'-b/%.b(b-!-b*.,-"('Kb"b"'(++-Ib-!b,(+b",b+,b2b-!b)("'-b/%.HZb

!b"'%b%&'-b(b-!b,-(+2%"'b",b,(&b#(#(.H.)H%#%G-.,.H."H.#)(Hb!b%+'+b
&2b'b)+(&)-"' b-(b-$b-!b"+,-b,-)Hb(+b-!b*."3_,!(0b &Ib-!b%+'+b",b "/'b
"',-+.-"(',b(+b)%2"' b-!b &b'b,$b0!-b*.,-"('b-(b,-+-b0"-!Hb

B51D5
1
213;
CD?BI

(&b(&)%1b &,b&2b+*."+bb$b,-(+2Ib0!"!b",bb(2b(b$ +(.'b
"'(+&-"('b(.-b0!-b,.))(,%2b!))'b.)b-(b-!b)("'-b(b-!b,-+-b(b-!b &Hb
!b$_,-(+2b&2b"'b!"'b+%-"(',!"),Ib)+"'")%,Ib'b"'(+&-"('b-!-b&2b
(&b(.-b"'b-!b(.+,b(b)%2Hb -b&2b)+(/"b&(-"/-"('b(+b!+-+,b"'b-!b &Hb -b
&2bb',,+2b-(b1)%"'b0!2b-!"' ,b))+b,b-!2b(b"'b-!b &Hb
'b8'"(#8"bO)b;:<Pb-!b$_,-(+2b",b-!b'$b+(+2b-!-b(.++b(+b-!b
,-+-b(b-!b &Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
)@5396I
D85
71=5
CDBE3DEB5

&b,-+.-.+b-+&"',b!(0b-!b/'-,b'b)(,,"%b)-!02,b-!+(. !b-!b &b+b
(+ '"3Hb((b,-+.-.+b$),b-!b &b,"&)%b'(. !b(+b%+'+,b-(b(&)+!'b'b
('",b'(. !b(+b/%()+,b-(b(&)%-b('b-"&b'b0"-!"'b. -Hbb
(,-b &,b"'/(%/b2%,b(b-"/"-2b"'b0!"!b-!b%+'+b&$,bb","('b'b
1)+"',b-!b"&&"-b(',*.',Hb2('b-!",b-(&"b,-+.-.+Ib &,b&2bb
(+ '"3b"'-(b%"'+b)-!02,Ibb,*.'b(b&",,"(',Ib(+b,b%"&"-b(+b+_(+&b
+'!"' Hb .%-")%b)%2+,b&2b-$b-.+',b-"' b(+b&2b)+(b"')''-%2b-b-!b
,&b-"&Hb

CC97>
D85
<51B>5BOC
B?<5

$b%+b-!b,"-.-"('b"'b0!"!b-!b%+'+b&.,-b-Hb-b-!b,- Hb,b-!b &b('bb
,"-.-"('b&"%"+b-(b-!b%+'+b+(&b.++'-b0(+$Ib!(&b%"Ib(+b)().%+b&"Hb(,b-!b
%+'+bb)+(%&b-(b,(%/b"'b-!-b,"-.-"('Hbb

(+b1&)%Ibb,"&.%-"('b('b.,"' b,(-0+b
-(b,,,,b-!b,-2b(b&"'b,%(),b'b+(b
.-,b "',b0"-!b'b,," '&'-b%"$b-!-b-!b
%+'+b&" !-b+"/b('b-!b#(Hb

b
!b,"&.%-"('b.+-!+b
)+(/",b-!b%+'+b0"-!b-b
"'b-!b(+&b(bb!'_+0'b
" +&b(b-!b,(+-b(&&('b
"'b-!",b,"-.-"('Hb
b

#1;5
D85
71=5
=51>9>76E<<I
B51<9CD93

'2b'(/"b," '+,b*.-b+%",&b0"-!b)!(-(_+%",-"%%2b+'+b;b +)!",b(+b
/"+-.%_+%"-2b0(+%,Hb(+b%+'"' b).+)(,,Ib-!(. !Ib+%",&b!,bb,(&0!-b"+'-b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
&'"' Hb!b &b'b'(-b%(,%2b&"&"b-!b-,$b(+b0!"!b"-b)+)+,b-!b%+'+b,(b
%(' b,b"-b1+",,b-!b"%"-",b'b$'(0% b'b"'b-!b+%b-,$Hb
b &b",b+%",-"b
O!'b-"/Pb"b"-Jb

&)%&'-,b-!b.,%b+%-"(',!"),b'b)+"'")%,b(b-!b+%_0(+%b,2,-&b-!-b
%+'+,b&.,-b&,-+Hb 



('-"',b-"%,b',,+2b(+b-!b%+'+b-(b&)b(&)(''-,b(b-!b &b-(b-!"+b+%_

#(
$
(!#*")!%$(



0(+%b(.'-+)+-,Hb


%%(0,b%+'+,b-(b('-+(%b-!b,)-,b(b-!b &b-!2b0(.%b('-+(%b"'b-!b+%b0(+%Hb

$,b%+'+,b%b-!2b"+-%2b('-+(%b(#-,b-!2b&'").%-b0"-!"'b-!b &Hb
'b(-!+b0(+,Ib"-b",b&(+b"&)(+-'-b-!-b-!b &b0(+$b%"$b-!b+%_0(+%b,2,-&b-!'b
-!-b"-b%(($b%"$b-!b+%_0(+%b,2,-&Hb

)@5396I
BE<5C
?6
D85
71=5

&b+.%,b-+&"'b0!-b-!b)%2+b'b(b"'b-!b &b'b!(0b-!b &b+,)(',Hb
)"2b%+b+.%,b(+Jb

!-b"'(+&-"('b",b)+,'-b-(b-!b%+'+b-b!b,"-.-"('b"'b-!b &Hb

!-b-"(',b-!b%+'+b'b-$Hb

!-b"&&"-b$b+,.%-,b+(&b!b-"('Hb

!-b(-!+Ib)+!),b!"'Ib(',*.',b(.+b(+b!b-"('Hb

(0b)("'-,b+b0+Hb

5C97>
1
B938
B51<9CD93
5>F9B?>=5>D

$b-!b&"+(_0(+%b"/+,b'b(&)%1b"'bb02b-!-b,.+%2b+&"',b%+'+,b(b-!b
+%b0(+%b(+b0!"!b-!b &b)+)+,b-!&Hb

+b",b'b1&)%b(b
-!b()'"' b,+'b+(&b
b,"1_0$b"&&+,"/b
,"&.%-"('b-!-b-. !-b
)+-&'-%b
&' &'-b,$"%%,Hbbb

!b%+'+b!,b#.,-b
%"$b-!b"%b"'-b-(b
,b"-,b('-'-,Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
!",b&"+(_0(+%b0,b+-".%-b-!+(. !b(#-,b'b(&)(''-,b0"-!b0!"!b-!b%+'+b
"'-+-Jb


b,"&.%-b,("%b'/"+('&'-b0"-!bb(,,IbbIb'b%%(0b1.-"/,a('b(b
0!(b0,b-+2"' b-(b,(- b-!b)%2+V,b++Hb

'+"b++'b&-+"%,Ib,.!b,b+,+!b))+,b'bb-1-(($Hb

'+"(_,)""b++'b&-+"%,b"'%."' b+)(+-,b'b)+()(,%,b+%/'-b-(b-!b
%+'+V,b,"&.%-b#(b,," '&'-Hb

(&)'2bb,"-b('-"'"' bb(&)'2b!",-(+2Ib)(%"",Ib(+ '"3-"('b!+-Ib(b(b
('.-Ib'b&",,"('b,--&'-Hb


'b1)+,,b"'b-+&,b(b-(_(b%",-,Hb

' +,b-b(-!+b(&)'",bO)%2b2b%%(0b%+'+,PHb

.!b"'_)-!b&-+"%,b&$b-!b,"&.%-b0(+%b,&b-+.b'b+%Hb!b&"+(_0(+%b
!,b-!b&(,-b"&)(+-'-b)()%b'b(#-,b(b-!b+%b0(+%b'b-!2b!/b"'b
.'&'-%%2b-!b,&b02b-!2b(b"'b-!b+%b0(+%Hb

'-+-"('b"'b-!",b &b+,&%,b"'-+-"('b"'bb+%b(&)'2Hb

-"' ,b+b!%b('%"'Hb

!b%+'+b'b"'-+/"0b%%(0b1.-"/,b-(b-+2b-(b -!+b"'(+&-"('b'b0"'b-!&b
(/+Hb

_&"%b&,, ,b+(&b-!b(,,b&$b'0b,," '&'-,Hb

'-++.)-"(',b'b+",,b(.+b#.,-b,b"'b-!b+%b0(+%Hb

&B?F945
1
455@
E>96I9>7
381<<5>75

'"2b-!b &b+(.'bb)+"&+2b&",,"('b(+b (%Hb!",b,," '&'-b'b$)b%+'+,b
(.,b('b-!b(/+%%b (%b(b%+'"' Ib-+ -b(+-,Ib'b"'- +-b%+'"' Hb

(+bb,"&)%b*."3_,!(0b &b(+b).33%Ib-!b (%b",b-(b0"'b-!b &b(+b,(%/b-!b).33%Hb
b

&(+b(&)%1b &b&2b+*."+b+-"' b'b1)%""-b (%b(+b,," '&'-b(+b%+'+,Hb(+b
1&)%Ib"'bb.,"',,b,"&.%-"('Ib%+'+,b0+b,," 'b-!b-,$b(b+-"' bb.,"',,b
,-+- 2Hb +'+,b0+b "/'b-!b,-+- 2b(.&'-b+(&b'b+%"+Ib"%b--&)-b'b
!%%' b-(bW(b"-b+" !-b-!",b-"&HXb!b%0b1&)%b,. ,-b-!b,()Ib,-+.-.+Ib
'b(+&-b(+b-!b,(%.-"('Hb -b,+/b,bb&(%b(b0!-b'(-b-(b(b'b,bb,-+-"' b)("'-b
(+b",.,,"('b'b"''(/-"('Hb -b%,(b(',-+"'b-!b-,$b,(b%+'+,b"b'(-b0,-b-"&b
('b",,.,b(.'b)-%b"'b-!b)+"(+b--&)-Hb

569>5
9>4931D?BC
?6
71=5
CD1D5
1>4
6554213;

.,,b(b-!b &b)',b('b-!b%+"-2b(b$b "/'b-(b-!b%+'+Hb"b0!-b
$"'b(b$b2(.b0"%%b "/b'b0!+b"-b0"%%b))+b-(b-!b%+'+Hb b2(.b'Ib+,)('b
"+-%2b"'b-!b &b0(+%b-!+(. !b-!b0(+,b'b&(-"('%b,--b(b-!b!+-+,Hb(.b
'b%,(b+,)('b-!+(. !b!' "' b"'"-(+,b('bb(',(%_",)%2Hb$b'b%"$0",b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
(&b"'b"'"-(+,b,.!b,b-!b.++'-b,(+Ib-($',b0('Ib%/%,b!"/Ib-"&b+&"'"' Ib
(+b--&)-,b+&"'"' Hb

)&/
*
*")


#(
$
(!#*")!%$(



!b," 'b)+(,,b/+",b&(' b-!b +-b/+"-2b(b &,b)(,,"%Ib.-b,(&b,-),b+b
(&&('b-(b&(,-b(+&,b(b &,Hb('b(b-!,b,-),b",b,)"%%2b"".%-Ib.-b%%b+*."+b
+.%b-!(. !-Hb

);5D38
?ED
D85
EC5B
9>D5B6135

!b.,+_"'-+b",b!(0b%+'+,b,b'b('-+(%b-!b &b0(+%Hb,.%%2b"-b",bb&"1-.+b
(bb"+-b/"0b(b-!b &b0(+%b'bb(',(%Hb!b"+-b/"0b1)(,,b%+'+,b-(b
0!-b-!2b0(.%b,b'b!+b"b"'b-!b &b0(+%Hb!b(',(%b/"0b,b"-"('%b
"'(+&-"('b'(-b/","%b"'b-!b &b0(+%Ib,.!b,b-!b.++'-b,(+b(+b-!b-"&b+&"'"' b
-(b)%2Hb
!b.,+b"'-+b%,(b-+&"',b!(0b%+'+,b-b-!b &b0(+%Ib-!-b",Ib-!+(. !b
"+-b&'").%-"('b(b &b(#-,b(+b2b(&&',b'-+b-!+(. !b-!b(',(%Hb"+-b
&'").%-"('b&2bb&(+b'-.+%Ib.-b'b+*."+b&.!b&(+b,()!",-"-b
)+( +&&"' Hb

-B9D5
D85
G?B4C

!(. !b," '+,b&2b'(-b+-b%%b-!b&"b(+b-!b &Ib," '+,b(b-2)"%%2b0+"-b
%%b-!b,)($'b'b",)%2b0(+,b-!-b(.+b"'b-!b &Hb!,b"'%.Jb

%,b'b"',-+.-"(',b",)%2b('b-!b,+'Hb

!+-+,Vb,)!,b'b-!(. !-,Hb

.,-"(',b'b)+(&)-,b).-b-(b-!b%+'+Hb

$b-(b-!b%+'+Hb
b-!b &b0"%%b"'(+)(+-b,)($'b0(+,Ib)+(/"bb)+('.'"-"('b ."b(+b-!b
'++-(+Hb '%.b%%b-!'"%b'b,)"%"3b-+&,Hb

)@5396I
D85
7B1@8931<
CDI<5


,bb," '+Ib2(.b&2b'(-bb-!b('b-(b+0b-!b +)!",b(b-!b &Ib.-b2(.b,!(.%b
,)"2b-!b,-2%b-!2b0"%%b-$Hb"%%b-!b &b%(($b%"$bb+-(('Ib"%%.,-+-"('Ib)!(-( +)!Ib
,-+-b)"'-"' Ib&!'"%b/"Ib('-+(%b)'%Ib &b(+Ib(+b,(&b(-!+b-2)b
",)%2Mb
!-b-('b,!(.%b-!b +)!",b,. ,-Mb(b2(.b0'-b-!b",)%2b%" !-b'b"+2b0"-!bb
0!"-b$ +(.'b'b%(-,b(b),-%b(%(+,Mb+b,!(.%b"-b%(($b+$b'b,+"(.,b0"-!b+$Ib

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
+"!b(%(+,b0"-!b&-%%"b,.+,Mb(b2(.b0'-b%+'+,b-(b,+"b-!b))+'b(b
2(.+b &b,b.-Ib0!"&,"%Ib.,"',,%"$Ib(&"'(.,Ib.'$2Ib(+b,(&b(-!+b02Mb
b2(.b'Ib,$-!b(.-b-!b +)!",Hb b'(-Ib.,b,-"$b" .+,b'b%")b+-b-(b!%)b
(&&.'"-b-(b-!b+-",-b0!-b2(.b'b"'b-!b02b(b +)!",Hb

)@5396I
?D85B
=5491

)'"' b('b-!b(&)%1"-2b(b2(.+b &Ib2(.b&2b'b-(b,)"2b(-!+b&"b-(b
"'(+)(+-Hbb

#/'H -H#(H!'-H -#!(H#--/-H

)/(H
b+%",&Hb (%.&b%/%b,(b-!2b+b!+b.-b+b'(-b-((b

 .-H %+"2b/",.%,Hb ",-+-"' Hb

/-#H . ,-b&(-"(',Hb !+b)+,'-b'b0!+b'(-Hb

+" b,',Hb )"2bZ(.',b%"$b[[[[[[[ZIb.-b(b'(-b
)"+-b(-!+b)()%Y,b&.,"Hb

(#'.#)(H (b '+%"3b(+b/("b $b(&)-"%b0"-!b(-!+b +)!",Hb

",-+-"' b(+b,"%2b
-b)+-".%+,Hb

#)H %%.,-+-b!.&'b .,-b,+")-b(.-b/"(b(&)%-%2Jbb!+-+,Ib

"'-+-"(',b(+b-!"' ,b ,--"' Ib&(/&'-bO,- b"+-"(',PIb"%( Ib
'(-b,"%2b'"&-Hb ,(.'Ib&.,"Ib'b-+',"-"(',Hb
b

$
"($()

(b-!Ibb &b&.,-b'  b%+'+,Kb-!-b",Ib"-b&.,-b)-.+b-!"+b"'-+,-Ib"'/(%/b-!&b
"'b &b)%2Ib'b('-"'.%%2b!%%' b-!&Hbb," '+,b(b.-"('%b'b
'-+-"'&'-b &,b!/b/(%/b--",b-(b*."$%2b'b-"/%2b'  b%+'+,Hb

??;
D85
<51B>5B

)-.+b-!b%+'+V,b.+"(,"-2b"&&"-%2Hb(+ (bb%' -!2b"'-+(.-"('b'b,--&'-b
(b(#-"/,Hb-b-!b%+'+b"'-(b-!b &b,b,(('b,b)(,,"%b'b%-b-!b &b"'-+(.b
"-,%Hbb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

(-"b!(0bb'"(#8"b
+0,b%+'+,b"'b2b"&&"-%2b
"&&+,"' b-!&b"'b-!b+&b(b
"'/,-" -"' bb'$b+(+2a'(b
%(' _0"'b.%%-b%",-b(b



(#-"/,b(+b(+"' b+"-%b(b

#(
$
(!#*")!%$(



&b+.%,Hb

(&b(&&('b02,b-(b!(($b-!b+%.-'-b%+'+b"'%.b-!,Jb

 "'b0"-!b'b.'+,(%/b+",",Hb

+"%2b"'-+(.b-!b,'+"(b'b-!b%+'+V,b+(%b"'b-!b,'+"(Hb

"&)%"2b-!b.,+b"'-+b,(b-!b%+'+b(,b'(-b!/b-(b,+!b(+b-!b('-+(%,b
',,+2b-(b "'b)%2Hb

C;
<51B>5BC
D?
CEC@5>4
49C25<956

(b,"&.%-"('b",b,b+"!b'b1)+"'b,b+%b%"Hb +'+,b&.,-b)-b-!b%"&"--"(',b(b
-!b &b(+b,"&.%-"('Hb(b -b-!&b-(b(b,(Ib0b&.,-b,$b-!&b-(b)+-'b-!b &b",b
+%Hb

!",b+'!"' b,'+"(b.,,bb
+-(('b,-2%b(b +)!",b-(b,. ,-b
-(b%+'+,b-!-b-!2b0"%%b,b
,"&)%""b/+,"(',b(b+%b(#-,Ib
/",Ib'b(.&'-,Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
(b.bb0"%%"' b,.,)',"('b(b",%"Jb

"/b%+'+,b+%Ib.-b!" !%2b,"&)%""Ib-"%,Hb +'+,b,!(.%b+( '"3b-!b-"%,b
.-b$'(0b-!-b-!2b+b,"&)%+b-!'b"'b+%b,"-.-"(',Hb

,b+-(('_,-2%b +)!",b+-!+b-!'b)!(-(+%",-"b"& ,Hb

',-+.-b%+'+,b-(b'-+bb'-,2b0(+%b0"-!b)!+,,b,.!b,bW+-'b-!-bLXb(+b
W.))(,b-!-bLHXb

)5D
D85
3?>D5HD

--"' b-!b('-1-b&',b&$"' b%+b-!b,"-.-"('b"'b0!"!b-!b,"&.%-"('b(.+,Hb(+b
-!"' b.,b(bb(&).-+b)+( +&Ib,-+-b0"-!b'b(/+/"0b(b-!b0(+$%(0b
"&)%&'-b2bb)+( +&Hb2b,!(0"' b-!b(/+%%b0(+$%(0Ib-!b,"&.%-"('b)+)+,b
-!b%+'+b-(b.'+,-'b"'"/".%b-,$,b"'b-!-b0(+$%(0b'b0!"!b-,$,b+b(/+b
"'b-!b,"&.%-"('Hb

(+bb,"&.%-"('b-!-b(/+,bb,)""b)"%"-2b(bb)+(.-Ib2(.b&" !-b "'b2b,--"' b

-!b(/+%%b.,b(b-!b)+(.-b'b,!(0"' b!(0b-!b"'"/".%b)"%"-2b('-+".-,b-(b
-!-b.,Hb
(+b'b"'"/".%b(&&'b(+b(-!+b(&)(''-b"'b-!b.,+b"'-+Ib2(.b&" !-b,-+-b2b
,!(0"' b0!+b-!b(&)(''-b"-,b"'-(b-!b,!&b(b&'.,b'b-((%+,Hb

&&+b-(b',0+b-!b*.,-"('IbW!+b&b MXb b2(.b+b,!(0"' bb)+-b(bb0!(%Ib

"'-"2b-!b0!(%b'b,!(0b!(0b-!b)+-b+%-,b-(b-!-b0!(%Hb

&B?F945
B51<G?B<4
@B?=@D9>7
1>4
CE@@?BD

.))%2b-!b,&b"'(+&-"('b%+'+,b0"%%b!/b"'b+%b,"-.-"(',Hb(b'(-Ib(+b1&)%Ib,$b
b&.%-")%_!("b*.,-"('b(.-b0!-b.--('b-(b%"$Hb ',-b,!(0bb)"-.+b(b-!b,+'b
-b-!b)("'-b0!+b-!b%+'+b0(.%b'b-(b)"$bb.--('Hb
,$b%+'+,b-(b"'"-b-!"+b
!("b2b-.%%2b%"$"' b-!b.--('HH

 H)H
H-H

b
b
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
+(/"b,,b-(b+)(+-,Ib&'.%,Ib,%"_)+,'--"(',Ib'b(-!+b&-+"%,b/"%%b"'b
-!b+%b,"-.-"('Hb(.b&2b,"&)%"2b-!,b&-+"%,Ib.-b(b)+(/"b,,b-(b-!b+%/'-b
"'(+&-"('b-!2b('-"'Hb

&B5C5>D
C?<F12<5
@B?2<5=C


#(
$
(!#*")!%$(



(,b!%%' "' Ib.-b,(%/%Ib)+(%&,b-(b%+'+,Hb $b-!,b-!b-2),b(b)+(%&,b
%+'+,b&" !-bb"'b-!"+b0(+$b(+b"%2b%"/,Hb+(%&,b&2b+*."+b&.%-")%b-"(',b-(b
,(%/Hb!2b,!(.%b%02,b+*."+b$'(0% b+-!+b-!'b .,,"' Hb(b&$b"".%-b
)+(%&,b,(%/%b2b%%Ib"'%.b%"'$,b-(b+,(.+,b0!+b%+'+,b'b"'b-!b)+-,b(bb
,(%.-"('Hb

(+b1&)%Ib"'b-!b)8"Ib
%+'+,b'b%"$bb*.,-"('b&+$b
,"bb((b!("b-(b,,b-!b
HHb)+-&'-b(b
+".%-.+b
-,b(+b"'(+&-"('b(.-b
-!b'.-+"-"('%b"' +"'-,b(b-!b
((Hbb

41@D
D?
D85
<51B>5BOC
>554C

!+b)(,,"%Ib)-b-!b &b-(b-!b%+'+V,b',b+-!+b-!'b+*."+"' b-!b%+'+b-(b
('(+&b-(b-!b+" "b,-+.-.+b(bb &Hbb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b

(-"b!(0b-!",b*."3_,!(0b &b)+(/",b
!%%' b-(bb0"b+' b(b%+'+,b0"-!b
"+'-b+,b(b,)"%"3-"('b'b"+'-b
(%,Hb!b &b)+(/",b%1""%"-2b"'b!"/"' b
-!b+*."+b,(+Hb +'+,b'b!"/b-!b
-+ -b,(+b2b',0+"' bb0b!" !_/%.b
"".%-b*.,-"(',b(+b2b',0+"' bb%+ +b
'.&+b(b%(0_/%.b,2b*.,-"(',Hb.,-"(',b
-b"+'-b%/%,b(b"".%-2b)+(/"b!%%' b
(+b(-!b'(/"b'b1)+-Hb"+'-b- (+",b
(b*.,-"(',b%-b%+'+,b-,-b-!"+b,$"%%,b"'b-!b
+b-!2b+b&(,-b"'-+,-Hb

b
-!+b02,b-(b#.,-b &,b-(b%+'+,b"'%.Jb

+"' bb,+",b(b)+( +,,"/%2b&(+b!%%' "' b (%,b,b"'b-!b 8 bO)Hb9<@PHb
+'+,b'b*."-b-+b+!"' b-!"+b,"+b%/%b(b,$"%%Hb

--"' b%+'+,b,-b-!"+b(0'b (%,b(+b)%2"' b-!b &Hb(+b1&)%Ib'8'"#81018
O)Hb;<8Pb%-,b%+'+,b!((,b (%,b(b'/"+('&'-%b+,)(',""%"-2Ib,!(+-_-+&b)+("-Ib
%(' _-+&b +(0-!Ib"(_"/+,"-2Ib(+b&'2b(-!+,Hb

+&"--"' b&.%-")%b,(%.-"(',b,(b%+'+,b'b1)%(+b-!b(',b(b"'-+,-b-(b-!&Ib,b"'b
-!b'-0(+$"' b#" ,0b).33%bO)Hb;;<PHb

81<<5>75
G9D8
D9=5
<9=9DC

"' bb-"&+b-(b2(.+b &b'bbb,',b(b.+ '2b-(b

%+'"' b'b+*."+b)+b%+'"' b(b(&)(''-b,$"%%,Hb
b2(.b(b%"&"-b-!b-"&b(+b+-"'b+,)(',,Ib%%(0b%+'+,b-(b
&$b&.%-")%b--&)-,b-(b(&)%",!bb-,$Hb
%,(b+&&+b-!-b
-"&b-,-,b&2bb"%% %b0!+b-!2b/"(%-b,,""%"-2b
,-'+,b(+b",+"&"'-b "',-b-!(,b0"-!b%"&"-b%' . b
,$"%%,Hb
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
"5D
<51B>5BC
DBI
=E<D9@<5
CDB1D5795C

'(.+ b%+'+,b-(b-+2b"+'-b,-+- ",b'b)%2b&.%-")%b+(%,Hb/b-!&b)%2b
('bW2b-!b(($IXb "'bW('b .-b"',-"'-IXb'b"'%%2bW,bb,b2(.b'bHXb&,b%-b
%+'+,b1)+"'b-!b(',*.',b(b%-+'-"/b!/"(+,Hb(b-!b-!b(',*.',b 


(b' -"/b!/"(+Ib,," 'b%+'+,b-!b)+,('b(b'b/"%b(+b+%,,b)+,('Ib'b%-b

#(
$
(!#*")!%$(



-!&b1)+"'b%"b+(&b-!-b)+,)-"/Hb ',-b(b-%%"' b%+'+,b0!2b-!2b,!(.%b
(%%(0b+.%,Ib%-b%+'+,b+$b-!b+.%,b'b1)+"'b-!b(',*.',Hbb

&B?7B1=
F1B95DI
9>D?
D85
71=5

," 'b &,b,(b-!-b-!b',0+b(+b+,)(',b",b"+'-b!b-"&Hb!-b02Ib%+'+,b'b
+)-%2b)%2b-!b &Hb!2b''(-b!-b2b$'(0"' b-!b',0+,b!b(b-"&Hb
"-!+b+0b+(&bb%+ b)((%b(b*.,-"(',b'b,"-.-"(',Ib," 'b-!b &b-(b '+-bb
'0b)+(%&b!b-"&Ib(+b"'#-b/ +",b+(&b-!b0(+%b"' b,"&.%-Jb0-!+Ib
*.")&'-b"%.+,Ib(.-+$,b(b-!b%.Ib(+b&+$-b,Hb

>F?<F5
D85
<51B>5B

(0b(b2(.b$)b%+'+,b'  Mb '/(%/b-!&b"'b-!b/'-,b'b(.-(&b(b-!b &Hb
1)+"'b'b+,+!b0"-!b &,b,. ,-,b,(&b,"&)%b--",Jb

)b-!b(.-(&b)''-b('b-!b%+'+V,b-"('b.'-"%b-!b'Hb )b/"-(+2b
.'+-"'b.'-"%b-!b%+'+b&-,b%%b(b-!b%+'"' b(#-"/,Hb

+,'-bb,+",b(b.-!'-"%%2b"".%-b!%%' ,b+-!+b-!'bb)+( +,,"('b(b,"&)%b
!%%' ,Hb

$b-!b%+'+bb!+-+b"'b-!b &b+-!+b-!'b#.,-b'b(,+/+Hb

+(/"b+&-"Ib,)""b$b+-!+b-!'b.'"(+&%2b)(,"-"/Ib,.))(+-"/b
$b('%2Hb b%+'+,b&$bb&",-$Ib-%%b-!&b,(b)(%"-%2b'b%+%2Hb

*
*(%+
!

'b &,Ib%+'"' b(.+,b.,b(b$Hb!+(+Ib0b&.,-b,2,-&-"%%2b," 'b
$b-!-b.-,Ib"'(+&,Ib'b&(-"/-,b-!b%+'+Hb

&B?F945
9>DB9>C93
6554213;

!b,&((-!b%(0b(b-!b &b'bb"'-++.)-b2b%"/+2b(b$Hb (,-b ((b
&,b%"/+b$b'-.+%%2b0"-!"'b-!b('-1-b(b-!b &Hbb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
"-!"'b &,Ib$b-$,b-0(b(+&,Jb"'-+"',"b'b1-+"',"Hb #)'#(b$b",b
$b)+(/"b+(&b)()%b'b-!"' ,b0"-!"'b-!b,-(+2b(b-!b &Hb-)'#(b
$b",b)+(/"b+(&b(.-,"b-!b &V,b,-(+2Hbb
(.,#(-#H %H 2.,#(-#H %H

(+,Ib ,-.+,Ib(2b%' . Ib"%b 
'_+*.,-b(!"' b$Hb
1)+,,"(',Ib'b-('b(b/("b(b(-!+b 
. ,Ib"%,Ib'b(-!+b"'"-(+,b'(-b
!+-+,b"'b-!b &Hb "'b-!b,-(+2Hb

,)(',,b2b&!"',Ib(&).-+b 
W" !-Xb(+bW+(' Xb-+b!b,-)Hb
)+( +&,Ib'b(-!+b(#-,b,"&.%-Hb

 "' b2b'b"++%/'-b!+-+b

!' ,b"'b-!b/",.%b",)%2b(b-!b 0"-!"'b-!b &Hb
&V,b,"&.%-b'/"+('&'-Hb

!+b2(.b'Ib.,b"'-+"',"b$Hb -b",b&(+b"+-b'b(,b'(-b"'-++.)-b-!b%(0b(b
-!b &b(+b).%%b-!b%+'+b(.-b(b-!b,-(+2b-b!'Hb"-!b"'-+"',"b$Ib(++-b
-"(',b('-"'.b-!b%(0b(b-!b &b"'b-!b"+-"('b-!b%+'+b"'"-Hb '"-"(',b(b
-!b(++-',,b(b-!b-"('b&2bb,.-%Ib,.!b,b(2b%' . b(+bb"%b1)+,,"('b(b
b!+-+b(+b-!b(&)%",!&'-b(bb&"'(+b (%Hbb

+b-!b0"-',,V,b0(+,b
'b(2b%' . b
)+(/"b%+b$b
-!-b-!b)+/"(.,b*.,-"('b
0,b-((b+.)-Hb

b
"$0",Ib' -"/b$b'bb%"/+b"'b-!b('-1-b(b-!b &Jb!b"'-'b
-"('b"%,Hb
b!+-+b+,)(',b-!+(. !b' -"/b(2b%' . Ib ,-.+,Ib(+b"%b
1)+,,"(',Hb
b((+b+&"',b%($Hb

b2(.b&.,-b"'#-b1)%""-b$Ib$)b"-b,!(+-b'b%+Hb .,-bW(++-Xb(+bW '(++-Xb",b

.,.%%2b,.""'-Hb,",-b-!b-&)--"('b-(b1)%"'b0!2b'b-"('b0,b0+(' Hb/b-!b
&b)%2b+/%b-!b.,b(b-!b"%.+b(+b+(+b-!b+,(',b-(bb%( b-!-b-!b%+'+b'b
+/"0b-+b)%2"' b-!b &Hbb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
>:53D
54E31D9?>1<
6554213;
G85B5
>55454


'(-!+b))+(!b(,b"'-++.)-b)%2b-(b)+(/"b1)%""-b$b"&b-b%"/+"' b
,)""b.-"('%b&,, ,Hb(+b1&)%Jb
699,*;
%6<
*(5
(3:6
<:,
;/,
2,@)6(9+
:/69;*<;

;6
:(=,
@6<9
-03,



6
 


>6<3+
:(=,
@6<9
-03,
<5+,9
(56;/,9
5(4,
%6<
>(5;
;/,
73(05
 

#(
$
(!#*")!%$(



*644(5+

5*699,*;
,;
4,
:/6>
@6<
>/(;
@6<
:/6<3+
/(=,
+65,

.!b$b&2bb#.,-""b-(b(++-bb&",(')-"('b-!-b(.%b.,b)+(%&,b"b'(-b
"&&"-%2b(++-Hb

&B?F945
3?>D9>E1<
6554213;

+(/"b$b+*.'-%2b'(. !b-(b)+/'-b%+'+,b+(&b%"/"' b-!2b+b
,."' b0!'b-!2b+b"%"' Hb"%"' b-(b% b"'(++-b-"(',b'b+"'(+b-!(,b
-"(',b'b&$b-!&b!++b-(b.'%+'Hb

(-"b!(0b-!",b*."3b,!(0b &b)+(/",b
$b-+b!b*.,-"('b'b)(,-,bb
+.''"' b,(+HbO!b,(+b'b$b
+,b+b!" !%" !-HPb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b

!",b#" b,0b).33%b &b

+#-,b--&)-,b-(b"',+-b
)",b-!-b(b'(-b"-b0"-!b
-!(,b%+2b"'b)%Hb
'b"-b
+"%2b1)%"',b0!2b-!b
--&)-b(,b'(-b0(+$HbO!b
"'(++-b).33%b)"b'b
$b+b!" !%" !-HPb

(,b-!",b&'b-!-b2(.b&.,-b)+(/"b$b-(b/+2b-"('b2b-!b%+'+Mb(Ib'(-b-b
%%Hb+b+b,(&b(&&('_,',b1)-"(',Jb

b'b-"('b",b&+%2b"++%/'-Ib2(.b&2b0'-b-(b%-b%+'+,b",(/+b-!b&",-$b('b
-!"+b(0'Hb

(+b-,-,Ib(b'(-b)+(/"b$b-!-b%+'+,b0"%%b'(-b!/b"'b-!b+%b0(+%Hb

&"-b$b-!-b%+'+,b(',"+b",-+-"' b(+b''(2"' Hb

ED
79F5
3BE391<
6554213;
9==5491D5<I

'b &,b'b,"&.%-"(',Ib"&&"-%2b0+'b%+'+,b(b-!b' +(.,b(',*.',b(b
-"(',Hb2b++"' b$Ib%+'+,b&2b%"/b-!-b-!"+b-"(',b0+b!+&%,,Hb
(+b1&)%Ib"'bb,"&.%-"('b(b()+-"' _
+((&b)+(.+,Ib'2b&",-$b-!-b(.%b
!+&b-!b)-"'-b",b"&&"-%2b'b
(+.%%2b+(. !-b-(b-!b%+'+V,b--'-"('Hb

$b-!b$b(/"(.,Ib%+Ib'b'('_#. &'-%Hb('V-b,(%b-!b%+'+Ib.-b)("'-b
(.-b-!b++(+b'b-!b(++-b-"('b"'b-!b,"-.-"('Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
?>6B?>D
214
2581F9?B
1>4
38?935C


%%(0b%+'+,b-(b1)+"'b-!b(',*.',b(b' -"/b!/"(+Ib' +(.,b-"(',Ib
'bb!(",Hb -b",b1"(&-"b-!-b &,b''(-b-!b%+'+,b-(b/("bb!("b"b-!b
%+'+b",b'/+b%%(0b-(b&$b-!-b!("Hb 


'bb'"(#8"Ib-!b

#(
$
(!#*")!%$(



%+'+b'b&$bb%+%2b
+",-b(&&'-Hb
b

!b$b(+b!((,"' bb
+",-b(&&'-b',b-!b
&b0"-!bb,-+'b0+'"' b
-(b-!b%+'+V,b!+-+b"'b
-!b &Hb

"/b1-+&b$b(+b1-+&b"%.+,Hb b-!b%+'+b(,b,(&-!"' b,/+%2b0+(' Ib

(++-b-!b%+'+b"&&"-%2b%,-b-!b%+'+b('-"'.b.'0+b(b-!b,/+"-2b(b-!b
"%.+Hbb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
565B
<5>7D8I
6554213;

!"%b0b0'-b-(b)+(/"b('-"'.%b$b-(b%+'+,Ib0b&.,-bb+.%b'(-b-(b
",-+-b(+b(/+0!%&b%+'+,b0"-!b-!b/(%.&b(b(.+b$Hb'b,(%.-"('b",b-(b
)+(/"b&"'"&%b$b0"-!"'b-!b)%2b(b-!b &b'b-!'b)+(/"b&(+b-"%b
$b-b-!b'b(b-!b &b(+b-b%( "%b+$,b"'b-!b-"('Hb!",b(&)+!',"/b
$b&2b-$b-!b(+&b(b'bW-+_-"('b+/"0Xb-!-b(&&'-,b('b-!b%+'+V,b
-"(',b-!+(. !(.-b-!b &Hbb

'b-!",b%-+'-"/b/+,"('b(b
b'"(#8"3b-!b
&)%2b',b0"-!b#.,-b,.!b
'b-+_-"('b+/"0b-!-b
+),b-!b%+'+V,b-"(',b
'b)+(/",b-"%b
(&&'-,b('b-!&Hbb

b
b
b
b
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b "+(,(-b(-)b'b.,-(&b
/+")-Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

>D939@1D5
6554213;
65546?BG1B4

+)+b+,)(',,b-(b1)-b-"(',b2b%+'+,Hb!"'$b(.-b-!b&",-$,b%+'+,b0"%%b
&$b'b!(0b-!2b'b,-b%+'b+(&b-!,b&",-$,Hbb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b

+b",b'b1&)%b(b$b)+)+b
(+b.,b2b-!b"%"--(+b0!(b)%2,bb+(%b
"'bb&.%-"_)%2+b &Hb



#(
$
(!#*")!%$(



b
!b"-&b(b$b"'"-,b1-%2b0!-b-"('b,!(.%b-+" +b-!b$Ib0!-b-!b
-"('b"'"-,b(.-b-!b%+'+V,b(&)%",!&'-b(b"'-'b(#-"/,Ib'b-!b1-b
+,)(',b-(bb "/'b-(b ."b-!b%+'+Hb

>12<5
<51B>9>7
D8B?E78
1
F1B95DI
?6
5H@5B95>35C

'b &,Ib)%2+,b%+'b2b1)+"'Jb!"+b1)+"',b"'b-!b &b.,b-!&b-(b
",(/+b-!b(')-,Ib)+"'")%,Ib)+(.+,Ib$'(0% Ib'b--"-.,b-!-b%b-(b
,.,,Hb(+b1)+"'b-(b-!b"-b&.,-bb&'"' .%b'b)%'-".%Hb

'b-!",b1&)%
-!b%+'+b",b-!b&' +b
(bb-+b+&Hb(b&$b-!b1)+"'b&(+b
&'"' .%Ib-!b%+'+b'b,-b-!b (%,b(+b
-!b &Jb,!(+-_-+&b)+("-Ib%(' _-+&b
,--b +(0-!Ib'/"+('&'-%b)+(--"('Ib(+b
,(&b(-!+b (%Hb!,b%1"%b (%,b
'(.+ b%+'+,b-(b-+2b"+'-b
))+(!,Ib0!"!b)+(/"bb0"b/+"-2b
(b1)+"',Hb

!b1)+"'b",b'+"!b2b-!b)+(%&,b-!-b-!b%+'+b&.,-b('+('-Jb%.-.-"' b
)+",Ib+(. !-,Ib)"'b-%,Ib'b,!b%(0b"".%-",Hb
&)%b1)+"'b",b',.+b2b

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
-!b-b-!-b-!b,"&.%-"('b'b+.'b(+b%(' b)+"(,b(b-"&b,b%+'+,b-+2b"+'-b
,-+- ",b'b--",Hb 'b'b!(.+b(b &_)%2b-!b%+'+b'b*."+b-!b1)+"',b(b
,/+%b'-.+",Hb&,b%"$b-!",b+b,)"%%2b.,.%b(+b-!"' b,.#-,b(+b0!"!bb
!.&'b%",)'b",b-((b,!(+-b(+b%+'"' b2b)+,('%b1)+"'Hb

&B?F945
3?=@<5D5
45D19<54
6554213;

!"' b(&)%1Ib"".%-b(#-"/,b0"%%b+*."+b(&)%-Ib-"%b$Hbb

(+b"',-'Ib$b(+b'8'"#8
101b",b&.%-"_"&',"('%b,b,!(0'b"'b
-!",b,--.,b+)(+-Hbb

"!b$Ib%"$b-!",Ib'(.+ ,b
%+'+,b-(b('+('-b-!b
"'-+(''-',,b"'b,2,-&,b'b-(b
()-b&(+b,()!",-"-b,-+- ",b-(b
,(%/"' b)+(%&,Hb

!",b1&)%Ib+(&bb &b-!-b
!%%' ,b%+'+,b-(b(++b&%,b-(b
&-b,)""b'.-+"-"('%b (%,Ib+/"0,b
-!b%+'+V,b!(",Hb

(-"b-!-b"-b)+(/",bb(&)%-b
1)%'-"('b(b-!b+,.%-,b(+b!b!("Hb
)""b"+',b-0'b-!b (%b'b
-!b+,.%-,b+b'(-Hb2b%"$"' b('b'b
"'"/".%b((b!("Ib-!b%+'+b'b
%+'b&(+b(.-b-!b'.-+"-"('%b
('-+".-"('b(b-!-b",!Hb!b,3H!#(b
.--('b(+,b-!b())(+-.'"-2b(+b-!b
%+'+b-(b+"'b-!b+,.%-,b.'-"%b-!b (%b
",b&-Hb

b
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
5<@
<51B>5BC
3?BB53D
=9CD1;5C

%)b%+'+,b.'+,-'b'b(++-b-!"+b&",-$,Ib0!-!+b)!2,"%b&",,-),b(+b
(')-.%b&",.'+,-'"' ,Hb

'b-!",b1&)%Ib-!b%+'+b



&bb&",-$b0!'b

#(
$
(!#*")!%$(



"%%"' b"'b,/+%b"+'-b
"%,b('b-!b(+&Hbb
(-b-!-b-!b++(+b&,, b
)("'-,b(.-b1-%2b0!"!b
"%b('-"',b-!b++(+Hb

)""b++(+b&,, ,b,!(.%b"'-"2b-!b"-&b(+b"-&,b"'b++(+Hb -b,!(.%b)("'-b(.-b

0!+b-(b%(-b-!b++(+b('b-!b,+'Hb -b,!(.%b,)%%b(.-b-!b-2)b(b++(+Ib(+b1&)%b
-!-b-!b/%.b'-+b0,b-((b!" !b(+b-((b%(0Hb
'b++(+b&,, b&2b%,(b-%%b%+'+,b
-!b(++-b+,)(',Hb
)b"'b&"'b-!-b-!b(&)%-',,b(b-!b++(+b&,, b,!(.%b,."-b-!b%+'+Y,b%/%b(b
%+'"' b'b2(.+b-!"' b,-+- 2Hb(.b&2b0'-b-(b0"-!!(%b,(&b"'(+&-"('b"'b
(++b-(b!%%' b%+'+,b-(b" '(,b'b(++-b-!"+b(0'b&",-$,Hb(.b&2b/'b
0'-b-(b%2+b++(+b&,, ,Hb
'b"'"-"%b&,, b#.,-b)("'-,b(.-b-!-b-!b%+'+b&bb
&",-$b'b,. ,-,b-!b '+%b'-.+b(b-!b&",-$Hb
b,('b++(+b&,, Ib0!'b
+*.,-b2b-!b%+'+Ib,)%%,b(.-b-!b-"%,b(b-!b&",-$b'b)+,+",b(++-"/b
-"('Hb

%665B
12E>41>D
@B13D935

%'-".%b)+-"b "/,b())(+-.'"-",b(+b",(/+2Ib!%),b%+'+,b+"'b-!"+b,-+- 2b
'b--",Ib,&((-!,b'b.-(&-,b)+(+&'Ib'b."%,b('"'Hb!b$2b-(b
(+"' b.''-b)+-"b",b-(b%%(0b'(. !b--&)-,b(+b)b%+'"' b-(b(.+Hbb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b

'%.bb,3H!#(b(+b*&3b.--('b-(b
%-b%+'+,b--&)-b-!b (%b "'Ib,.!b
,b"'b-!",b1&)%Hb

/'b,.,,.%b%+'+,b&2b-$b2(.b.)b('b-!b(+Ib"-!+b-(b.+-!+b!('b-!"+b,$"%%,b(+b
-(b',.+b-!-b-!"+b,.,,b0,b'(-b#.,-b%.$Hb
(.b'b(+b-0(b$"',b(b"-"('%b)+-"Hb'b&+%2b%-,b%+'+,b-+2b "'b0"-!b-!b
,&b('"-"(',b,b(+Hb!",b",b,)"%%2b/%.%b-+b%+'+,b!/b"%b-(b
(&)%",!bb (%b'b(b'(-b0'-b-(b "/b.)b.'-"%b-!2b,.Hb!b,('b$"'b(b
"-"('%b)+-"b/+",b-!b('"-"(',b-(b)+,'-b-!b%+'+b0"-!bb+,!b!%%' b-(b
(&)%",!b-!b,&b(#-"/Hbb

3;>?G<5475
13895F5=5>D

"( &,b$)b)%2+,b&(-"/-b2b+( '"3"' b"&)+(/b)+(+&'Kb-2)"%%2b2b
%--"' b-!&b/'b-(bb!" !+b%/%b"'b-!b &b(+b2b)+(&(-"' b-!&b-!+(. !bb,+",b
(b+'$,Hbb'b(b-!b,&Hbb

+b0b)+(&(-b-!b%+'+b-(bb
!" !+b+'$b-(b+( '"3b-!-b-!2b
!/b&,-+b,(&b"".%-b
&-+"%Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

&(%()),"/
""$
"($()

," 'b &,b-(b))+()+"-%2b!%%' b%+'+,b(-!b0!'b-!2b,-+-b-!b &b'b,b
-!2b "'b&,-+2Hb



81<<5>75
<51B>5BC

#(
$
(!#*")!%$(



," 'b-!b &b,(b"-b!%%' ,b%+'+,b-b%%b%/%,b(b,$"%%b'b)!,,b(b%+'"' Hb(.b
'b," 'b(&)-"-"('b"'-(b-!b &b,(b)%2+,b(&)-b "',-b('b'(-!+Hb+b
!%%' b%+'+,b-(b-()b-!b,-b,(+,b(b(-!+,b(+b-!"+b+%"+b,-b(+-,Hb
,b%+'+,b
"'b&(+b,$"%%b-b-!b &Ib%"&"-b!(0b%(' b-!2b'b-$b(+b!b-.+'Hb
'(-!+b ((b
-!'"*.b(+b!%%' "' b%%b%+'+,b",b%%b,(%"' b'b"' Hbb
$!#b++,b-(b-!b,.))(+-b0b)+(/"b%+'+,b-(b',.+b-!2b,.Hb
,b%+'+,b
%+'b-!b-,$Ib0b+.b,(%"' b(+b,.))(+-bO#Pb,(b-!2b0(+$b&(+b('b-!"+b(0'Hbb

!,b%%(.-,b"%%.,-+-b-!+b%/%,b(b,(%"' Jb
#!"H- )&#(!H #/'H- )&#(!H )1H- )&#(!H

b b b

!b%(0_,(%"' b1&)%b)+(/",bb '+%b)+(&)-b-!-b+*."+,b%+'+,b-(b-$b

,/+%b+%-b,-),b-bb-"&Hb +'+,b&.,-b"b0!-b"'"/".%b-"(',b+b+*."+Ib
%(-b-!b)%b-(b++2b(.-b!b-"('Ib'b)+(+&b-!&b%%Hb!",b",b+-"'%2b&(+b
!%%' "' b'b+%",-"b-!'b+"/"' b-"%b"',-+.-"(',b(+b!b-"('Ib,b,!(0'b"'b
-!b!" !_,(%"' b1&)%Hb
!-b(b0b%-b%+'+,b" .+b(.-b('b-!"+b(0'Mb 'bb(&).-+b,"&.%-"('Ib0b&" !-b,-+-b
2b+*."+"' b-!&b-(b"b0!+b-(b%"$Hbb%-b-!&b"'b-!b'b.--('Ib"('Ib(+b
(-!+b(#-b('b-!b,+'Hbb&" !-b-%%b-!&b-(b'-+b-Ib.-b%-b-!&b"b"'b0!"!b
"%b-(b'-+b"-Hbb&" !-b%,(b%-b%+'+,b"b!(0b-(b(+&-b-!b-Hbb'b%,(b
)!+,b(.+b)+(&)-,b,(b0b-%%b%+'+,b0!-b-!2b&.,-b(Ib.-b'(-b-!b(++b"'b0!"!b-(b
)+(+&b-"(',Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
-b,!(.%b(&b,b'(b,.+)+",b-!-b-!",b/"b+*."+,b,',"-"/"-2Hb(.b&.,-b%'b-!b
'b-(b0'b-!b%+'+b+(&b1)%""-b)+(&)-,b'b"',-+.-"(',b "',-b-!b' +b(b
%/"' b-!b%+'+b%.%,,Hb " !-b0b,. ,-bb(.)%b(b+(.',b(b-,-"' Mb

(1D385D
E@
D85
381<<5>75

$b-!b &b,2b-(b,-+-b.-b!+b-(b&,-+Hb
+'+,Ib+ +%,,b(b-!"+b,$"%%b%/%,Ib,!(.%b"'b-!b
&b!%%' "' b-!+(. !(.-Hb

b b

(+b1&)%Ib-!",b*."3_,!(0b &b)+(/",b
*.,-"(',b-b/+"(.,b%/%,b(b"".%-2Hb!b
%(0_/%.b*.,-"(',b+b,2b'(. !b(+b
'(/",b'b-!b!" !_/%.b(',b!%%' "' b
'(. !b(+b1)+-,Hbb
+( +,,"/b!%%' b'b%,(b(&b+(&bb
,*.'b(b-,$,Ib!b&(+b"".%-b-!'b b
-!b)+/"(.,Hb b

'b-!b 8 $')$'.Ib
%+'+,b+b!%%' b-(b'-+b
 b(b"'b-!b&"%b
(%.&'b-(b+-b)+( +,,"/%2b
&(+b(&)%1b",)%2,Ib,b
,!(0'b"'b-!b(%b(%.&'Hb!b
.--(',b-b-!b-()b(b-!b(%b
(%.&'b%-b%+'+,b/'b-(b
&(+b!%%' "' b (%,b(+b
+-+-b-(b,"&)%+b(',Hb
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
9F5
3<?CEB5
25DG55>
@81C5C


"/b%(,.+b-0'b)!,,b(bb%(' b%+'"' b,*.'Hb" '%b-!b'b(b)!,,b"'b-!b
(/+%%b,*.'Hb

'b-!",b1&)%b+(&b





8!$%8)!).8

#(
$
(!#*")!%$(




#!.((3b-!b
-+b-b
''(.',b-!b'b(b('b
)!,b(b-!b-"/"-2b(+b
-!b%+'+b "',b-!b'1-b
)!,Hb

(b," '%b-!b'b(bb)!,Ib0b+(&&'b2(.Jb

--b-!b+,.%-,b,(b+Hb

)b-!b,-),b(b-!b)!,b#.,-b(&)%-Hb

+/"0b-!b'1-b)!,Hb

'/"-b-!b%+'+b-(b('-"'.Hb

-b",bb ((b"b-(b!/bb%(,.+b)("'-b/+2b=b-(b?b,-),b"'bb%(' b-,$Hb(0/+Ib-!b

%(,.+b)("'-,b,!(.%b(.+b-b%( "%b+$,b"'b-!b)+(.+Ib'(-b-+b'b+"-++2b
'.&+b(b,-),Hb (($b(+b)%,b0!+bb)"b(b0(+$b!,b'b(&)%-b'b).-b-!b
%(,.+b)("'-b-!+Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
?>DB?<
D85
B8ID8=
?6
496693E<DI


b,&((-!b%+'"' b.+/b",b ((Ib.-bb.&)2b.+/b&2bb--+Hb +'"' b"&)+(/,b"b
0b%-+'-b!+b'b,2b-"/"-",Hb
))H ..,H

b b

"-!"'b!b, &'-b(b%+'"' Ib!%%' b"'+,,Hb 'b-!b &Ib-',"('b+",,b-(bb&"'"_

+",",b-b-!b'b(b!b)",(b(+b&",,"('Hb!",b",b(%%(0b2bb+%1-"('Hb(b"&)%&'-b
-!",b"'bb%+'"' b &Ib0b,"&)%2b(%%(0b"".%-b-"/"-",b0"-!b,"&)%+b(',Hb!b
"".%-b-"/"-",b+"/b%+'+,b-(b&$b+$-!+(. !b",(/+",b(+b)-b"".%-b
-+.-!,Hb!b,"+b-"/"-",b,%(0b-!b)b-(b "/b%+'+,b-"&b-(b+%-b'b-(b" ,-b
0!-b-!2b!/b%+'Hbb
(0_-',"('b/'-,b'b"'%.Jb

(' +-.%-"(',b-(b-!b%+'+b(+b&,-+"' b"".%-b(#-"/,Hb

/"0b(b0!-b0,b%+'Hb

("'-"' b(.-b!(0b+b-!b%+'+b!,b(&Hb

%,'-b," !-,b'b,(.',b&(+b%"$bb/-"('b-!'b(&-Hb

(5AE9B5
3?>C?<941D9>7
C=1<<
CD5@C


*."+b%+'+,b-(b(',(%"-b,&%%b"-,b(b%+'"' Ib,.!b,b-!b,-),b(bb(&)%1b-,$Hb
'b%+'+,b!/b%+'b-!b,&%%b,-),Ib-!b(&"'-"(',b(b,-),Hb '%.b-"/"-",b
-!-b+*."+b%+'+,b-(b(&"'b,&%%b-"(',b-(b)+(+&b%+ +b.'"-,b(b0(+$Hb +%2b
-!"' b,&%%Ib%&'-%b-"(',b&2b'(-bb,.""'-b)+)+-"('b(+b))%2"' b,$"%%,b"'b
-!b+%b0(+%Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
,&3=H*,.H-.*-H .,=H")&H*,)/,H



#(
$
(!#*")!%$(



b b

(&)+b-(b-!b"+,-b1&)%Ib-!b,('b1&)%b+*."+,b%+'+,b-(b"%%b"'b&.%-")%b
"%,b"'bb"%( b(1a,b('b(',(%"-b-"/"-2Hb -b+*."+,b%+'+,b-(b&)b"-&,b(b
-b-(b-!b))+()+"-b"%,b'b'-+b-!&b-!+Hbb
.!b'b))+(!b!%),b2(.b/("b'%,,b+)-"-"('b'b$),b2(.b+(&b-!"' b
&"+(,()"b-"%,b-!-b%+'+,b%+2b$'(0b(+b(.%b" .+b(.-b('b-!"+b(0'Hb
&&+Jb(b&(.'-b(b(+-b0!-,(/+b0"%%b-!b%+'+,b,(&-!"' b-!2b%+2b
$'(0Hb
--&)-"' b0"%%b#.,-b(+b-!&b0"-!b'%,,b+)-"-"('Hb

#$
#
%#&".*/

"b",b(&)%1b'b-!b/+"-2b(b)(-'-"%b1)+"',b.'(.'Hb!.,Ib-!b&(+b
+%",-"b0b&$bb &Kb-!b&(+b(&)%"-b(&,b"-,b/%()&'-Hb%/+b," 'b
",b',,+2b-(b$)b-!b &b,2b-(b(&)+!'Ib'/" -Ib'b."%Hb%/+b," 'b",b
,)"%%2b"&)(+-'-b(+b+'!"' b &,b%"$b-,$b,"&.%-"(',b'b+'!"' b,'+"(,Hb

5G1B5
3?=29>1D?B91<
5H@<?C9?>

&,b+b,.#-b-(b-!b&-!&-"%b)!'(&'('b%%b$"#)$'!8-%!$($#Hb & "'b
-!-b0b!/bb+'!"' b,'+"(b0!+b!b,'b)+,'-,b-!b%+'+b0"-!bb!("b(b
(.+b02,b-(b)+(Hb+(&b-!b,-+-"' b,'Ib-!b%+'+b'b#.&)b-(b('b(b-!b(.+b
+,.%-"' b,',Hb 'b!b(b-!,b(.+b,',Ib-!b%+'+b!,b(.+b!(",Hb(Ib-0(b
","(',b0"-!b(.+b!(",b0(.%b+*."+b9>b,)+-b,-"'-"(',Hb b!b(b-!,b!,b
(.+b!(",Ib><b,-"'-"(',b+b'Hb
"-"('%b","(',b+*."+b:=>Ib98:<Ib'b<8A>b
,-"'-"(',b,',b,.,,"/%2Hb
b,"&)%b &b-!-b%%(0,b-!b%+'+,b('%2b,"1b","(',b
(b(.+b!(",b!b0(.%b+*."+b+-"' b(/+b<888b,-"'-"('b,',Nbb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b

b,"&)%b(.-0+_+'!"' b,-+.-.+b,.!b,b-!",b",b-((b(&)%1b-(b," 'Ib."%Ib

&"'-"'Ib(+b'/" -Hb!",b",b0!+b%/+b," 'b(&,b-(b-!b+,.b

#5>E
5H3EBC9?>C

'b%-+'-"/b-(b)+/'-b-!b(&"'-(+"%b1)%(,"('b",bb&'._,b1.+,"('Hbb

+b-!b%+'+b!((,,bb)-!b(b-!b
&'.Ib&$,bb0b,-),Ib'b-!'b
+-.+',b-(b-!b&'.b(+b'(-!+b!("Hbb

!b+'!b%"' b(b-!b&'.b'b
(&)%",!bb,"' %b(#-"/Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
'b-!",b&)b(b-!b,',b(b8'"(#8"Ib2(.b,b++(0,b+"-"' b+(&bb'-+%b
&'.Hb
-+bb0b,',Ib-!b++(0,b)("'-b-(bb"+%b0"-!b'b
b"'b-!b'-+Hb!",b
+)+,'-,b-!b#.&)b$b-(b-!b'-+%b&'.Hb



#(
$
(!#*")!%$(



b
b

,b2(.b'b,b!+Ib-!b&'.b(+,b
)%.,"%b!(",b(b*.,-"(',b-(b,$b
-!b0"-',,Hb

.!bb'-+%b&'.b",b'(-b"%b.-b",bb)+ &-"b02b-(b!'%b'/" -"('Hb (,-b

%+'+,b+"%2b)-b-!b"-"('b(b-!b+.++"' b&'.a,)"%%2b"b0b&$b-!b,-(+2b
'  "' Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
#9CC9?>C5AE5>D91<
CDBE3DEB5

'b-!b&",,"('_,*.'-"%b,-+.-.+b%+'+,b)+(b-!+(. !bb,+",b(b&",,"(',Hb!b
&",,"('b,-+-,b0"-!bb,"' %b,'b+(&b0!"!b%+'+,b+'!b(.-b.'-"%b-!2b"%b(+b
,.b-b(&)%",!"' b-!b(#-"/b(b-!-b&",,"('Hb!"+b"'"/".%b)-!02,b-!'b
('/+ b('bb,'b-!-b+),b-!b#.,-_(&)%-b&",,"('b'b "',b-!b'1-b('Hb

!",b,-+.-.+b0(+$,b,-b(+b(#-"/,b-!-b'bb-. !-b"'b,*.'Hb!b&",,"('b'b
-!'b(&)%",!b('b%+'"' b(#-"/Hb
b%+'+,b&.,-b(&)%-b('b(#-"/bO&",,"('Pb(+b&(/"' b('b-(b-!b'1-Ib2(.b&2b
+*."+b-!b%+'+b-(b+)-b-!b&",,"('b.'-"%b,.,,.%%2b(&)%-"' b"-Hb(+b+,-+-"' b
-!b&",,"('Ib%+'+,b&2b+"/b"-"('%b$b(+b&2b#.,-bb&('",!b-(b-!"'$b
(.-b0!-b-!2b%+'b"'b-!"+b.',.,,.%b--&)-Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b

+b",b'b1&)%b(b-!b'b(b
'b.',.,,.%b&",,"('Hb
b


#(
$
(!#*")!%$(



)8?BD<51C8
CDB1D57I

'b-!b,!(+-_%,!b,-+- 2Ib%+'+,b+b'(-b%%(0b-(b,-+2b+b+(&b-!b,.,,.%b)-!Hbb

'b-!",b,-+.-.+Ib-!b&"'b)-!b%,b"+-%2b-(b,.,,.%b(&)%-"('b(b-!b (%Hb
+'+,Ib!(0/+Ib'b,-+2b+(&b-!",b&"'b)-!Hb--"' b&(+b-!'bb0b,-),b(b-!b
)-!b-+" +,b(++-"/b ."'b-!-b'. ,b-!&b$b-(0+b-!b,.,,.%b)-!Hbb

!",b,-+.-.+b0(+$,b0%%b(+b-!"' b-,$,b0!+bb,+",b(b&",,-),b'b%b-(b
",,-+Hb 'b-!b',-!,"_%"/+2b,"&.%-"('bO)Hb;;>PIb%+'+,b'b&$b&",-$,b.'-"%b
-!2b-+2b'b-"('b-!-b0(.%b'' +b-!b)-"'-Hb
-b-!-b)("'-Ib$b,-+,b-!&b
$b('b-+$bO)Hb;>:PHb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
)161B9
CDBE3DEB5

!b,+"b,-+.-.+b "/,b-!b%+'+b&(+b%02b-(b++b'b-(b,.b-!'b-!b,!(+-_
%,!b,-+- 2Hb 'b-!b,+"b,-+.-.+b%+'+,b'b,-+2b+(&b-!b&"'b)-!Hb!b'-+%b
)-!b%,b-(b'b*.-b.-b'(-b-+".&)!'-b+,.%-Hb--"' b&(+b-!'bb0b,-),b"'b('b
"+-"('b%,b-(b",,-+Hb--"' bb0b,-),b(b-!b&"'b)-!b"'b'(-!+b"+-"('b%,b
-(b"&&"-b-+".&)!Hbb

!b,+"b,-+.-.+b%"&"-,b(&)%1"-2b0!"%b)+(/""' b)%'-2b(b+((&b(+b%+'"' b-!b

(',*.',b(b)(,"-"/b'b' -"/b-"(',Hb -b%,(b)+(/",bb02b(+b%+'+,b0!(b
%+2b&-b-!b(#-"/,b-(b2),,b &b)%2b-!-b0(.%b-!b-!&b'(-!"' Hb

B51;D8B?E78
CDBE3DEB5

'b-!b+$-!+(. !b,-+.-.+Ib-!b"'-+'%b,--b(b-!b &b-+" +,b(&)%-"('b(b-!b
&Hb!b-+" +b'bb!"/&'-b(bb-+ -b (%b(+b-!b(&&",,"('b(b-((b&'2b
&",-$,Hb

2)"%%2b-!b &b0(+$,b%"$b-!",Hb!b,-(+2b)+(,b%(' bb,"' %b)-!Hb!b","('b

%(' b-!-b)-!b+',b)("'-,b(+b(++-b+,)(',,b'b(,-,b)("'-,b(+b"'(++-b+,)(',,Hb
b-!b.&.%-"/b,(+b1,bb-!+,!(%Ib-!b &b",b(&)%-b'b-!b%+'+b
+"/,b(' +-.%-"(',Hb b-!b,(+b%%,b%(0bb%(0+b-!+,!(%Ib-!b &b",b%(,-b'b
-!b%+'+b",b "/'b))+()+"-b$Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b



#(
$
(!#*")!%$(



b

!",b"'-+/"0b &b
('-"',bb!"'b/+"%b
-!-b+)+,'-,b-!b
"'-+/"0V,b%/%b(b
' +Hb b-!-b/+"%b+",,b
(/bb-!+,!(%Ib-!b
"'-+/"0b+.)-%2b
-+&"'-,b-!b"'-+/"0Hb

!b,-+.-.+b",b,"&)%b-(b(',-+.-b'b,"&)%b-(b'/" -Hb +'+,b'b,)'b'(b&(+b

-"&b('b-!b &b-!'b',,+2b-(b!"/b-!b (%b(+b&(',-+-b-!-b-!2b'b
,.))%&'-%b!%)Hb

b
  



#(
$
(!#*")!%$(



'$!$
-
(!$


b

)#&"/
"($$
*
#

$b &,b,2b-(b,-+-b'b-(b)%2Hb -b%+'+,b(''-+-b('b%+'"' b-!b,.#-b2(.b
+b-!"' b+-!+b-!'b('b%+'"' b-!b &Hb

E945
13D9?>C
G9D8
9>CDBE3D9?>C

"/b%+'+,b,,b-(b"',-+.-"(',b(+b-!b &Hb(b'(-b(+b"',-+.-"(',b('b%+'+,Ib.-b
%-b-!&b+*.,-b,,",-'b0!'b-!2b'b"-Hb(+b1&)%Ib'8'"#8101b!,b-!+b
.--(',b-(b",)',b-!b.%%b+' b(b"'(+&-"('b%+'+,b&2b'Hb

!b (-.,/.#)(-b.--('b
",)%2,b('",b
"+-"(',b(+b"'-+-"' b
0"-!b-!b &Hb!b&*b
.--('b)+(/",b&(+b
1-',"/b"',-+.-"(',Hb
!b))%b.--('b%"'$,b-(b
(')-.%b"'(+&-"('b
'b-(b0"'b-!b &Hb

H@<19>
D85
71=5
3<51B<I

+(/"b"',-+.-"(',b(+b2(.+b &Hb1)%"'b-!b (%b%+%2Hb $b%+b'2b%"&"--"(',Ib
,.!b,b-!b&(.'-b(b-"&b/"%%Hb +'+,b&2b+#-b'2b &b-!-b"&)(,,b+"-++2b
(+b.'"+b+.%,Hb
'b"-b",b%+'+,b0!(b"b0!"!b+.%,b+b.'"+Hb(/+b-!,b)("'-,Jb

".H#-H."H!)&?b!-b",b-!b%+'+b-(b(&)%",!b"'b-!b &Mb(0b",b,.,,b
"'Mb'b%+'+,b,-b (%,b(+b-!&,%/,Mb

".H,)&-H)H&,(,-H*&3?b
+b%+'+,b1)-b-(b)%2b-!b+(%b(bb)+-".%+b
!+-+Mb!-b+b-!b&(-"/-"(',Ib/%.,Ib'b (%,b(b-!-b!+-+Mbb

)1H)H&,(,-H!.H-.,.?b +'+,b(-'b!,"--b-(b-$b-!b"+,-b,-)Hb(b -b-!b
&b.'+b02Ib,. ,-bb,-+-"' b,-+- 2b%"$IbW!2b('V-b2(.b "'b0"-!b,b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
"'/,-&'-,MXb+Ib)+(/"bb!"'-b%"$IbW,,,,-Nb (($b"'b2(.+b"'_,$-HXb+b+*."+b
-"('b0"-!"'bb,!(+-b&(.'-b(b-"&JbWb'b2(.+b","('b"'b:b&"'.-,Xb(+bW
'b
%+&b#.,-b,(.'b('b-!b&,-+b('-+(%b)'%Hb--+b!$b"-b(.-HXb&((-!%2b'b
'-.+%%2b)+()%b%+'+,b"'-(b-!"+b+(%b0"-!"'b-!b &Hb

".H,H."H,/&-?b b-!b &b&"&",bb,"-.-"('Ib,)%%b(.-b-!b+.%,b-!-b)()%b"'b 


-!-b,"-.-"('b0(.%b$'(0Hb b-!b &b!/,b"'b.'+%",-"b02,Ib&$b-!,b

#(
$
(!#*")!%$(



1)-"(',b%+Hb(.b(b'(-b'b-(b-%%b%+'+,b!(0b-(b-b-!b &Ib#.,-b!(0b-(b
)%2b"-b0%%b'(. !b,(b-!-b-!2b+b%+'"' b-!b-!"' ,b-!2b0(.%b%+'b"'b-!b+%b
0(+%Hbb

)1H)H."3H)*,.H."H!'?b%%b%+'+,b!(0b-(b()+-b-!b%+'+b"'-+b(b
-!b &Hb(0b(b-!2b-+',%-b+%_0(+%b-"(',Ib,.!b,b&$"' bb)!('b%%b(+b
,%%"' bb,-($Ib"'-(b%"$"' Ib-2)"' Ib+ "' Ib'b+())"' Mb 'b,(&b," ',Ib-!",b
"'(+&-"('b",b"'bb,)+-b%)b"%"-2Hb

)D1BD
G9D8
DB19>9>7
G855<C


b &b)%2b",b(&)%1b(+b-!b-,$,b,"&.%-b",b"".%-Ib-$b,)"%b+b-(b -b%+'+,b
,-+-b,.,,.%%2Hb'b02b",bb-+"'"' _0!%,b))+(!Hbb

%%b%+'+,b'0b-(b-!b-,$b1-%2b0!-b-(b(Hb(+b%+'+,b0!(b!/b'/+b)+(+&b
-!b)+(.+b(+b'2b,"&"%+b)+(.+Ib&$b,.+b2(.b)+(/"b1)%""-b"+-"(',Hb

!-b(b2(.b'b-(b-%%b'(/",Mb
'2-!"' b-!2b(b'(-b%+2b$'(0b(+b+b'(-b+-"'b
-(b" .+b(.-b('b-!"+b(0'Hb

!",b1&)%b-%%,b-!b%+'+b1-%2b0!"!b&'.b
"-&b-(b)"$Hb(-"b-!-b-!b&'.b",b%+2b1)(,b
,(b-!b%+'+b!,bb" b!"'-b,b-(b0!+b-!2b0"%%b"'b
-!b&'.b"-&Hb

(+bb(&).-+b-,$Ib-!,b0"%%b"'%.b0!+b-(b%"$Ib-!-b",b0!-b.--('Ib&'.Ib(+b"('b
-(b%"$Hbb

%%b'(/"b%+'+,b1-%2b0!-b-(b-2)b'b0!+b-(b
-2)b"-Hb(+b%",-,b(b()-"(',Ib-%%b%+'+,b0!"!b-(b,%-b
'b0!"!b'(-b-(b,%-Hbb
b

b2(.b0'-b%+'+,b-(b'(-"b,(&-!"' b('b-!b,+'Ib-%%b%+'+,b0!+b-(b%(($Hbb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b

b,/+%b-!"' ,b(.+b-b('Ib-%%b%+'+,b
0!-b-!2b,!(.%b'(-"b'b0!-b-!2b
,!(.%b--'b-(Hb

b
!"%b0V+b"' b1)%""-Ib%-V,b1)%""-%2b,--b-!-b-!",b/"b'bb(/+('Ib,)"%%2b
"b2(.+b%+'+,b+b'(-b'(/",b(+b-!b,$"%%,b2(.b+b-!"' b+b/'Hb+(/""' b
%(0_%/%b"',-+.-"(',b'b",-+-b%+'+,b+(&b'(-""' b)--+',Ib-+',Ib'b)+"'")%,Hb
.,-b,$b2(.+,%b-0(b*.,-"(',Jb!-b(b b0'-b%+'+,b-(b%+'Mb
'Ib0!-b(b-!2b
$'(0b%+2Mb1)%""-%2b-%%b%+'+,b-!b-!"' ,b2(.b0'-b-!&b-(b%+'b-!-b-!2b(b'(-b
$'(0b%+2Hb

CC9CD
G85>
>55454

," 'b-!b &b,(b%+'+,b'b "'b0"-!b%"--%b)+)+-"('b'b('-"'.b%+'"' b(.-b
-!b &b2b)%2"' b"-Hb
%(' b-!b02b%+'+,b&2b'b,,",-'b-(b.'+,-'b-!b
&b",)%2b'b!(0b-!2b+b-(b"'-+-b0"-!b"-Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
!b)+/"(.,b1&)%b,!(0,b,(&b(b-!b(&&('b(+&,b(b,,",-'b%+'+,b&2b'Hb

-b'2b)("'-Ib-!2b,!(.%bb%b-(b+",)%2b-!b (%b-!2b+b-(b(&)%",!Ib,)"%%2b"b
"-b",b(&)%1b(+b('-"',b)+",b,)""-"(',Ib,b(,b-!",b('Hbb
(.b&2b%,(b'b-(b1)%"'b-!b,2&(%( 2b(b-!b,"&.%-"('Ib,)"%%2b-!b('-+(%,b-!-b
-!b%+'+b'b&'").%-b,(b-!-b-!b%+'+b'b+0b(++,)('',b-0'b-!b



,"&.%-"('b'b-!b+%b0(+%Hb(+b'(/",Ib2(.b&2b0'-b-(b"'%.bb.--('b-(b)%2bb

#(
$
(!#*")!%$(



&(',-+-"('b,!(0"' b!(0b-!2b+b-(b"'-+-b"'b-!b,"&.%-"('Hb2)"%%2b-!",b
&(',-+-"('b,!(0,b)+(+&'b(b'b'%( (.,b-,$b.-b'(-b-!b1-b('b-!b%+'+b
",b-(b)+(+&Hb

)8?G
C?<ED9?>
16D5B
1
65G
1DD5=@DC


*."+b%+'+,b-(b--&)-b-!b-,$Hb"/b%+'+,b('b(+b-0(b--&)-,b(+b,!(0"' b
-!&b-!b,(%.-"('Hbb

'b-!",b1&)%Ib-!b%+'+b!,b"%b
-0"b-(b++2b(.-b-!b"',-+.-"(',Hb

-+b!b--&)-Ib-!b++(+b0,b
)("'-b(.-b'b-!b"',-+.-"(',b
+",)%2Hbb

+Ib-!b%+'+b!,b"%b-!b-!"+b
--&)-Hb(0b-!b,"&.%-"('b
&(',-+-,b-!b(++-b)+(.+b-(b
--"'b-!b,(%.-"('Hb

(b'(-b%-b%+'+,b,-%%b.,b-!2b(b'(-b.'+,-'b"',-+.-"(',b(+b#.,-b''(-b
)+(+&b('b,-)b"'bb)+(.+Hb(++-b-!b%+'+b'b&(/b('b-+bb+,('%b
'.&+b(b,-),Hb+b"'%.bb!(0b!(0b.--('b-(b&(',-+-b-!b(++-b+,)(',b'bb
1-b.--('b-(b('-"'.b0"-!b-!b'1-b,-)Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
"5D
<51B>5BC
B5AE5CD
1CC9CD1>35


-b%+'+,b -b)+( +,,"/%2b&(+b-"%b"',-+.-"(',Hb
(.b&" !-b,-+-b-!b-"/"-2b0"-!b '+%b"',-+.-"(',b-!-b0(.%bb,.""'-b(+b'b
1)+"'b%+'+b-(b(&)%-b-!b-,$Hb b-!b%+'+b+*.,-,bb!"'-Ib2(.b&" !-b-%%b
-!&b0!-b-(b(b-(b(&)%-b-!b'1-b,-)Hb b-!b%+'+b-!'b+*.,-,b&(+b,,",-'Ib
2(.b(.%b-%%b-!&b1-%2b!(0b-(b(b"-Hbb

!+b%/%,b(b,,",-'b+b.,.%%2b,.""'-Hb $"' b,,",-'b/"%%b('b&'b

%-,b%+'+,b)+(+&b,b&.!b(b-!b-,$b('b-!"+b(0'b,b-!2b'Hb -b/(",b%"/+"' b
"'(+&-"('b-!-b%+'+,b(b'(-b'Hb

>3<E45
@5BD9>5>D
89>DC


(b'(.+ b%+'"' Ib2(.b(-'b'b-(b ."b'b"+-b-!b%+'+Y,b)+)-"('b'b
-!"'$"' Hb

'b-!",b1&)%Ib-!b%+'+b!,b+*.,-b
b!"'-b2b%"$"' b-!b"'-b.--('Hb(-"b
-!-b!"'-b"&)%",Ib.-b(,b'(-b-%%Ib0!-b
-!b%+'+b&.,-b(Hb

!-b+b,(&b(-!+b!"'-,b0b'b"'%.Mb(&&'-,b(.-b!(0b-!b",)%2b",b(+ '"3b
'b!%)b%+'+,b"'b"'"/".%b"-&,b'b&$bb,)+0%"' b",)%2b,&b&(+b%( "%b
'b(!+'-Hb

'(-!+b!"'-b",b!(0b-(b('"+&b,.,,Hb-'Ib'0b%+'+,b0"%%b'(-b$'(0b0!-!+b-!"+b
%,-b-"('b0,b,.,,.%b(+b'(-Hbb'b"'%.b1)%""-b(' +-.%-"(',b-b!b,-)Hb+Ib
-(b&$b-!&b&(+b,%_+%"'-b%+'+,Ib0b'b,"&)%2b-%%b-!&b!(0b-(b&('"-(+b-!"+b
(0'b,.,,b2b'(-""' b!' ,b"'b-!b.,+b"'-+Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
)9=@<96I
D85
49C@<1I
6?B
AE93;
B5C@?>C5

!+b%+'+,b&.,-b+,)('b*."$%2Ib,"&)%"2b-!b",)%2b-(b+&(/b",-+-"(',b'b
"++%/'-b%"$b-+ -,Hbb

(+b1&)%Ib.+"' b-!",b"''"%b



,"&.%-"('b0!"%b-!b/%.b(b-!b

#(
$
(!#*")!%$(



%+'+V,b"'/,-&'-b%.-.-,Ib-!b.,+_
"'-+b('-"',b('%2b('b.--('Ib&&Ib
.,b-!-b",b-!b('%2b+%/'-b-"('b
-!b%+'+b'b)+(+&Hb

"&)%"2b-!b",)%2b0!'b*."$b+,)(',b",b+*."+Hb $b%+b!(0b-(b+,)('b'b
&$b-!-b+,)(',bb,"&)%b('Hb

#9>9=9J5
49CDB13D9?>C

&(/b'2-!"' b"++%/'-b-(b%+'"' b0"-!"'b-!b &Hbb

(-"b-!b,)+,b",)%2b"'b-!",b
-"&b &b-!-b+*."+,b
%+'+,b-(b,%-b-!b(++-b
.%b"'b-!b" +&Hb

+-0(+$b",b%"+-%2b,"&)%b
'b+0'b"'b,((-!"' b),-%b
'b+-!_-('b(%(+,Hb
/" -"('b.--(',b+b!"'b
.+"' b &b)%2b'b'(b
$ +(.'b,(.',b(+b&.,"b
"'-++b0"-!b-!b%+'+V,b
(''-+-"('Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
335@D
1<<
CE335CC6E<
13D9?>C

b0+b(b-!b%-+'-"/b02,b(b)+(+&"' b-"(',Hb(+b1&)%Ib&$b,.+b2(.+b
(&).-+b,"&.%-"(',b)-b,!(+-.-b&'.,Ib+" !-_%"$b&'.,Ib('-+(%_%"$,Ib'b
$2(+b,!(+-.-,Hb
'b-!",b1&)%Ib-!b,"&.%-"('b)-,b&.%-")%b02,b(b)+(+&"' b-!b+*."+b-,$Hb
'b%+'+,b"'b('b02b-(b(&)%-b-!b-,$Ib-!b,"&.%-"('b!%%' ,b-!&b-(b"'b
'b%-+'-"/b02b(+b-0(Hb

b
b)-"' b%%b,.,,.%b-"(',b0(.%b&$b-!b,"&.%-"('b-((b(&)%1Ib(&"-b
%-+'-"/,b.-b1)%"'b-!-b-!2b+b'(-b)+(/"b"'b-!b,"&.%-"('b-!(. !b-!2b0(.%b
b)+,'-b"'b-!b+%b,2,-&Hb 'b2(.+b"',-+.-"(',b(+b-!b-,$b-(b)+(+&Ib2(.b'b
&'-"('b+,-+"-"(',Ib,.!b,IbW,b('%2b-!b&'.,b-b-!b-()b(b-!b,+'HXb

)$
%
*)!
)#+"*%$)

!b(!b-,$b,"&.%-"('bO%,(b$'(0'b,bb$7"b-"/"-2Pb .",b-!b%+'+b"'b
)+(+&"' b-!b,"&.%-b-,$Hb -b)+(/",b%+b)+(&)-,b(+b!b,-)b"'b-!b)+(.+b
'b&'"' .%b$b('b-!b,.,,b(b!b,-)b-$'b2b-!b%+'+Hb
"-!"'b-!b(!_&b-"/"-2Ib2(.b'b)+(/"b/+2"' b%/%,b(b,.))(+-b(+b,(%"' Hb
b
(!_&b-"/"-2b(+b "''+,b&" !-b)+(/"b1)%""-b"',-+.-"(',b(+b!b,-)bOW%"$b
!+Hb2)bU9:;Vb'b)+,,b'-+XPHb+b"-b&" !-b)+(/"b('%2b '+%b"',-+.-"(',bOW'-+b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
-!b)(,-%b(HXPHb!b(!_&b-"/"-2b&" !-b0"-!!(%b"',-+.-"(',b.'-"%b+*.,-b2b
-!b%+'+Hbb
!b$2b," 'b)+"'")%b(b-!b(!_&b-"/"-2b",b-!-b-!b%+'+b,!(.%b'/+b"%b(+b
%$b(b"'(+&-"('b(+b,.b0"-!(.-b-!"'$"' Hb



&<1>
@B?7B5CC9F5
9>D5B13D9F9DI

#(
$
(!#*")!%$(



(b%"-b%+'+,b+(&b"+,-b*."'-'b0"-!b-!b,.#-b-(b/'b,$"%%,b'b$'(0% Ib
2(.b&.,-b%b-!&b-!+(. !bb,+",b(b)+( +,,"/%2b&(+b"".%-b-"/"-",Ib!b
."%"' b('b-!b%,-b'b)+(/""' b))+()+"-b!%%' Hb!"'$b(b"-b,b," '"' bb%+b
0!+b2(.b&.,-b"b-!b(++-b,)"' b(b-!b+.' ,Hbb

-b-!b%(0,-b+.' Ib-!b%+'+b)+(+&,b-!b,"&.%-b)+(.+Ib.-b",b "/'b1)%""-b

)+(&)-,b/+2b,-)b(b-!b02Hb
b&(+b!%%' "' b(!_&b-"/"-2b(+,b)+(&)-,b.-b
+*."+,b-!b%+'+b-(b,)""%%2b+*.,-b-!&Hb-"%%b&(+b,%_+%"'b+,.%-,b0!'b
%+'+,b(%%(0b()'_'b)+(&)-,b-!-b,. ,-b0!-b-(b(b.-b'(-b1-%2b!(0b-(b(b"-Hb
.+-!+b.)b-!b%+Ib(!_&b-"/"-",b)+(/"b'(b)+(&)-,Ib.-b%%(0b%+'+,b-(b
+*.,-b!"'-,b0!'b'Hb
-b-!b.))+b%"&"-b(b-!b(!_&b-"/"-2Ib%+'+,b+"/b
'(b,,",-'b2('b!"'-,b-!-b))+b0!'b-!2b&$b&",-$,Hb

B389D53DEB5
?6
3?138=5
13D9F9D95C

(!_&b-"/"-",b ."b%+'+,b-!+(. !b)+(+&"' bb-,$b2b+*."+"' b-!&b-(b(b
-"(',b+-!+b-!'b#.,-b0-!b-!&b"' b)+(+&Hb(+b-!",b+,('Ib-!2b+*."+bb
"+'-b(&"'-"('b'b,*.'b(b1)+"',b-!'b(b&(',-+-"(',Hb

(,-b(!_&b-"/"-",b "'b0"-!b"',-+.-"(',b-!-b-!b%+'+b+,Hb!'b-!b%+'+b
)+(+&,b-!b',,+2b-"(',b(+b,"' b+,.%-,b'b+"' b",)%2b$Hb!b
%+'+b-!'b%"$,bb1-b(+b('-"'.b.--('b-(b&(/b-(b-!b'1-b,-)b(b-!b-,$Hb
+'+,b0!(b)+(+&b-!b-"('b"'(++-%2b0(.%b+b(++-"/b$b(+b
--&)-"' b-!b-"('b "'Hb

b




#(
$
(!#*")!%$(



'$!$
-
(!$


b
'b(&&('b/+"-"('b",b-(b(&"-b-!b+*."+&'-b-(b%"$bb.--('b-(b/'b-(b-!b'1-b
,-)Ib,)"%%2b(+b,.,,.%b(&)%-"('b(b-!b-"('b0!+b('%2b&"'"&%b$b",b
'Hb

'(-!+b/+"-"('b",b-(b%-b%+'+,b+*.,-b!"'-,b(+b"',-+.-"(',b0!'b'Hb -Y,b%(($b-b
-!b+!"--.+b(+b#.,-b,.!bb(!_&b-"/"-2Hbb

!",b" +&b,!(0,b-!b(&&('b,-+.-.+b(+b!b,-)b"'b-!b,"&.%-b-,$Hb
-b-!b,-+-b
(b-!b,-)Ib-!b%+'+b,,bb,"&.%-b,+'b0"-!(.-b'2b)+(&)-"' Hb b-!b%+'+b
&$,b-!b(++-b+,)(',Ib-!b,"&.%-"('b,!(0,b-!b+,.%-,b'b0"-,b-!b'1-b,-)Hb

+'+,Ib0!(b'bb%"--%b,,",-'Ib'b%"$bb#(.b.--('b-(b+/%bb,. ,-"('b(+b
0!-b-(b(Hb!b,. ,-"('b(,b'(-b-%%b-!b%+'+b1-%2b0!-b-(b(Ib.-b(,b ."b-!b
%+'+b-(b-!"'$b(b-!b,(%.-"('Hb
b(++-b+,)(',b-!'b).-,b-!b%+'+b$b('b-+$Hb
b-!b!"'-b",b'(-b,.""'-Ib-!b%+'+b'b%"$b-!b")1H")1b.--('b-(b+"/b)+",b
"',-+.-"(',b('b0!+b-(b%"$b'b0!-b-(b-2)Hb'b-!b%+'+b(%%(0,b-!b"+-"(',Ib
-!b,"&.%-"('b('-"'.,Hb
'b-!",b+!"--.+Ib-!b%+'+b(,b'(-b!/b-(b+*.,-bb!"'-b(+b+"/"' b1)%""-b
"',-+.-"(',Hb!b%+'+b'b%"$b-!b")1H")1b.--('b-b'2b-"&Hb

!b%+'+b'b%,(b/'b-(b-!b'1-b,-)b2b)+,,"' b-!b2.b.--('Hb
!b" +&b,!(0'b!+b",b#.,-b('b)(,,"%b+!"--.+b(+b(!_&b-"/"-",Hb(.b
&" !-b!((,b-(b!/b-!+b%/%,b(b,,",-'b/"%%a(+b('%2b('Hb(.b&" !-b!((,b
-(b",)%2b)+(&)-,b(+b!"'-,b0"-!(.-b+*."+"' b-!b%+'+b-(b+*.,-b-!&Hb,-b)+-",b
(b'(-b(+"'b'2b)+-".%+b+!"--.+Hb,-b)+-",b,. ,-b2(.b,%-b'b+!"--.+b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b
,b('b-!b"".%-2b(b-!b-,$b2(.b+b-!"' b'b('b%+'+,Vb1)+"'b
)+(+&"' b,"&"%+b-,$,Hb +'+,b,!(.%bb!%%' Ib.-b'(-b+.,-+-Hb

"5D
D85
<51B>5B
3?>DB?<
3?1389>7





'b(!_&b-"/"-",Ib)+(/"b.--(',b-(b'%b)+"-%b'/" -"('Hb(b'(-b.,b-!b

#(
$
(!#*")!%$(



%"'+b)%2$b('-+(%b-!-b",b.,b(+b&(',-+-"(',Hbb
!b)+(%&b0"-!b-!b%"'+b)%2$b+b",b-!-b"-b/',b-!+(. !b-!b,"&.%-"('b+&b
2b+&Hb!-b&',b-!b('-+(%b&2b,-)b"'-(b-!b+&"%bO!"'-b'b"+-"(',Pb+&,Ib
/'b-!(. !b-!b%+'+b(,b'(-b'b-!&b'b!,b'(-b+*.,-b-!&Hb

(+bb(!_&b-"/"-2Ib0b+(&&'bb'/" -"('b('-+(%b,.!b,b-!b('b,!(0'b!+Hb
!b1-b&"1b(b.--(',b&2b/+2Ib.-b2(.+b'/" -"('b,!(.%b)+(/"b-!,b)"%"-",Hb

b
!b'/" -"('b+b,!(.%b"'%.b.--(',b-(b-+" +b,,",-'Hb!",b1&)%b)+(/",bb
#(.b.--('b-(b",)%2bb,. ,-"('b'bb")1H")1b.--('b-(b",)%2b1)%""-b
"',-+.-"(',Hb
!b'/" -"('b+b,!(.%b%,(b"'%.b.--(',b-(b,-)b(+0+b'b$0+b2b
(&)%-b.'"-,b(b-!b-,$Hb,.%%2b-!,b.'"-,b+b"'"/".%b,-),b(+b-"(',Hb!2b
,%(&b(++,)('b-(b,"' %b+&,b(b-!b.'+%2"' b'"&-"('b(+b,"&.%-"('Hb!",b
1&)%b"'%.,b.--(',b-(b+,-+-b-!b,"&.%-"('b+(&b-!b "''"' Ib-(b#.&)b$b-(b-!b
)+/"(.,b,-)Ib-(b#.&)b(+0+b-(b-!b'1-b,-)Ib'b-(b#.&)b-(b-!b'b(b-!b-,$Hb
(.b&2b%,(b0'-b-(b"'%.bb.--('b-(b%-b%+'+,b -b&(+b!%)Hb!",b1&)%b
"'%.,bb.--('b-(b",)%2bb!%)b,+'b-!-b.%%2b1)%"',b-!b.--(',b,!(0'b!+Hb

(.+b!("b(b.--(',b)',b('b-!b," 'b(b2(.+b,"&.%-"('Hb-(+,b-!-b0"%%b-b
2(.+b!("b(b'/" -"('b.--(',b"'%.Jb

 +b(b('-+(%b2(.b0'-b-(b "/b%+'+,Hb

()!",-"-"('b'b1)+"'b(b%+'+,Hb

2)b-"/"-2Jb(!b(+b-,-Hb

+'+,Yb2," !-Hb

)"%b,-"'-"(',Jb"'-Ib!(0_!(0Ib'b%)Hb

'(+&-"('b%+'+,b'Ib(+b1&)%Ib-!b) b'.&+Hb

)b/"%%b(+b.--(',Hb

b
  



#(
$
(!#*")!%$(



'$!$
-
(!$


b

)$
($$)$(%
#)

+'!"' b,'+"(,b%-b%+'+,b1)+"'b-!b+,.%-,b(b-!"+b!(",b,b-!2b'/" -bb
(&)%1b,+",b(b"'-+-"(',Hb 'b+'!"' _,'+"(b &,Ib%+'+,b1)+"'bb,'b
-!-b%%,b(+bb!("Hb
-+b&$"' b-!b!("Ib-!b,'b!' ,b"'b+,)(',b-(b-!-b
!("b'b)+,'-,b-!b%+'+b0"-!b&(+b!(",Hb!",b2%b('-"'.,b.'-"%b-!b%+'+b
!"/,b-!b (%b(b-!b &Hb

1BF5CD
CD?BI<9>5
9451C

(b+-b'  "' b'b&'"' .%b,',b'b,-(+",Ib -!+b",b('b0!"!b-(b,b-!b
,-(+2b(b-!b &Hb%$b-(b-!(,b)+"/2b-(b"'-+,-"' b"'"'-,Ib,.!b,b,.)+/",(+,Ib
.,-(&+_,.))(+-b,-Ib%,,+((&b-!+,Hb
,$bW!-b0,b2(.+b[[[[[,-b1)+"'MXb

))",-b(+b,,-b

.''",-b(+b,+",-b

(,-b+/%"' b

+!b-!bb(+b,b,-.",Ib'0,b,-(+",Ib",,-+,Ib(+b-+".&)!,b+(&b2(.+b"%b(+b'b
'%( (.,b('Hb

&93;
1
C9DE1D9?>

%-bb-,$b(+b-!b%+'+b0"-!"'bb,"&.%-b0(+%Hb+b+b,(&b1&)%,Jb

,(#(!H)$.#0H #./.#)(H

!b"'-+/"0+,b-(b)+(b)(%"-%2b'b (%"b"'-+/"0b(bb0"-',,b-(bb+"&Hb
)+,",-'-%2Hb

!b&"'"' b' "'+,b-(b%.%-b-!b
,," '&'-b+(&b)+-'b,.)+/",(+b-(b

-(+b(b,-2b(+b&"'b,%(),Hb %.%-b-!b-(+b(b,-2b(+bb+%",-"b
&"'b,%()b0"-!b%%b+%/'-b-Hb

!b,.)+/",(+,b-(b"b0!-!+b-(b ,)('b-(b)!('b+*.,-,b(+b%/b2b
))+(/b+*.,-,b(+b-"&b(b-!b#(Hb ,,"' b/"%%b"'(+&-"('b"'b"%,Ib
0"-!"'b&'.%,Ib'b+(&b1)+-,Hb

!b&' +,b(b-+"'"' b)+-&'-,b "+,-b@_0$,b('b-!b#(b,b!"b%+'"' b

-(b&(/b-(b_%+'"' Hb ("+b(+bb(&)'2b(',"+"' bb&(/b
-(b_%+'"' Hb)%b"%b Hb
b

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
#1@
?2:53D9F5C
D?
C35>5C

(+b!b%+'"' b(#-"/Ib,)"2bb,'b-!-b-!,b!b(#-"/Hb(+b'b(#-"/Ib
-!b,'b,+",bb,"-.-"('b%%"' b(+bb","('b2b-!b%+'+Hb!b!(",b/"%%b
-,-b(&)%",!&'-b(b-!b"&&"-b%+'"' b(#-"/Hb b%+'+,b&$b-!b+" !-b!("Ib 


"-b"'"-,b-!2b&-b-!b(#-"/Hb
b0+(' b!("b"'"-,b-!2b!/b'(-b&-b-!b

#(
$
(!#*")!%$(



(#-"/Hb
b(++-b!("b-+" +,b'(-!+b,'b-!-b)+(/",b$b-!-b/+"",b
(&)%",!&'-b(b-!b(#-"/Hb
'b"'(++-b+,)(',b0!",$,b-!b%+'+b-(bb,'b
0!(,b$b!%),b-!b-!b(#-"/Hb

5B9F5
C@539693
?2:53D9F5C
D?
D5138

(+b2(.b "'b+-"' b,',b-(b-!b(#-"/,Ib2(.b&2b!/b-(b+"'b2(.+b
(#-"/,b,(b-!2b+b)+",b'b1)+,,b"'b-+&,b-!-b"-b-!b!(,'b,"-.-"('Hb
(+b1&)%Ib-(b-!b"'-+/"0"' b,$"%%,Ib0b&2b,-+-b0"-!b!" !_%/%b(#-"/,b,b('b
0!-b,.,,.%b"'-+/"0+,b(Hb(b(&)%",!b-!,b"'bb &Ib0b&2b!/b-(b1)+,,b
&(+b,)""b(#-"/,b-!-b'bb-. !-b"'bb,'b(+b-0(Hbb&" !-b,$IbW(0b(b
,.,,.%b"'-+/"0+,b(b0!-b",b',,+2b(+b,.,,MXb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b

(+b1&)%Ib,.,,.%b"'-+/"0+,b -b'b&"'-"'b+))(+-b0"-!b-!b)+,('b-!2b
"'-+/"0Hb!-b (%b&2b+*."+b&-"' b&(+b,)""b(#-"/,b(b"'-+(."' b
-!&,%/,Ib+&"'"' b)(%"-b-!+(. !b-!b"'-+/"0Ib/(""' b(/+-b!%%' ,Ib'b
/(""' b(',"/b(&&'-,Hb

*B1>C<1D5
?2:53D9F5C
D?
1
CD?BI

(+bb%+'"' b &Ib(#-"/,b&.,-b%%b'-.+%%2b"'-(b/'-,b"'b-!b,-(+2b(b-!b &Hb(+b
!b%+'"' b(#-"/Ib0b&.,-b+-b())(+-.'"-",b-(b,!(0b(&)%",!&'-b(b-!b
(#-"/Ib-2)"%%2b2b!/"(+b-!-b"'"-,b-!b(++-b"%"-2Ib$'(0% Ib%"Ib(+b
%"' Hb!b())(+-.'"-2b(&,bb,'b"'b-!b &Hb

!b'1-b,-)b",b-(b(+ '"3b-!,b,',b"'-(b,'+"(,b-!-b%( "%%2b%b-(b-!,b

,"-.-"(',Hbb(+ '"3b-!b,"&.%-"('b2b-!b,'+"(Ib'(-b2b-!b%( "b(b-!b(#-"/,Hb
.+b (%b",b-(b&$b-!b,-(+2b,&b)%.,"%b+-!+b-!'b-(b-!b"'b-!b&(,-b%( "%%2b
""'-b,*.'Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
-V,b%(($b-b'b1&)%Hbb,-+-b2b)"$"' b('b(b-!b%+'"' b(#-"/,JbW
/("b(/+-b
!%%' ,HXb1-b0b-!"'$b(bb,'b"'b-!b,'+"(b(b"'-+/"0"' bb'$b-%%+b0!(b
0"-',,bb+(+2Hb!",b,'b&.,-b-,-b(&)%",!&'-b(b-!b(#-"/Hbb(b,(b2b
!/"' b-!b%+'+b+,)('b-(b-!b-%%+V,b%"&b-!-b,!b"b'(-b+( '"3b-!b'$b+(+Hbb


#(
$
(!#*")!%$(



b

!(",b+' b+(&b"+-%2b('+('--"('%b'b.,-(+2b-(b(&)%-%2b)-"' Hb

1-Ib0b&.,-b+-b,',b-(b)+(/"b$b(+b!b(b-!,b+,)(',,Hb(b(b,(Ib0b
"b!(0b-!b-%%+b,!(.%b+-b-(b!b+,)(',Hb -b",b-!",b+,)(',b2b-!b-%%+b-!-b
)+(/",b-!b)+"&+2b$b-(b-!b%+'+Hb

b0(.%b'b-(b+)-b-!",b)+(,,b(+b!b(#-"/b'b-!'b0/b-!b,',b'b
-!"+b+,)(',,b"'-(bb+'!"' b'-0(+$b-!-b)+(/",bb)%.,"%b,-(+2Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
)@5396I
5138
C35>5


,bb," '+Ib2(.b&.,-b,)"2b!b,'b"'b'(. !b-"%b-!-b-!b',,+2b&"b'b
%"'$ ,b'bb+-Hb+b",bb,"&)%b/+,"('b(b,.!bb,)""-"('Hb

!b+,'--"('b(%.&'b%",-,b0!-b-!b%+'+b,,Ib+,Ib'b!+,b"'b-!b,'Hb!b
!("b(%.&'b%",-,b-!b!(",b-!b%+'+b'b&$Ib'b-!b,.%-b(%.&'b,$-!,b(.-b
-!b$b-!b%+'+b0"%%b+"/b"'b-!b(%%(0"' b,'Hb

(+b-.%%2b)+(."' b-!b&"b'b%"'$"' b-!b,',Ib2(.b&2b0'-b-(b+-bb

&(+b(&)%-b,)""-"('Ib,.!b,b-!",b('Hb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(



 

b
'b"-"('b-(b-!b"'(+&-"('b"'b-!b,"&)%b(+&Ib-!",b('b('-"',b)("'-,b0+b(+b
!(",b'b++',b-(b+%-b,)""-"(',Hb!(",b+b!2)+%"'$b-(b-!b
,)""-"(',b(+b-!b,-"'-"('b,',b,(b2(.b'b)+(-(-2)b-!b &b.,"' b#.,-b-!,b
(+&,Hbb



*8B514
D?75D85B
D85
C35>5C

#(
$
(!#*")!%$(



(''-"' b-!b,',b"'b'b'-+-"'"' b'b)%.,"%b02b'b+*."+bb%(-b(b-+"%b'b
++(+Hb'b02b-(b(b-!",b",b-(b).-b!b,'b'b"-,b+,)(',,b('b"'1b+,b(+b$()7
)]'(-,Hb

b
!'b2(.b'b-!"'$b(.-b!(0b-(b(''-b-!&Ib)+!),b).--"' b)++*.","-b(#-"/,b
+%2b"'b-!b,*.'b0!"%b&"'-"'"' b-!b"'- +"-2b(b-!b,-(+2Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b
44
3?>D5HDC5DD9>7
C35>5C

.!b &,b-2)"%%2b'b-0(b-2),b(b,',Jb,',b-(b-,-b(#-"/,b'b"-"('%b
,',b-(b%,!b(.-b-!b,-(+2Ib%%b$#)-)8(#(Hb',b-(b-,-b(#-"/,b(++,)('b
"+-%2b0"-!b-!b%+'"' b(#-"/,Hb!b('-1-_,--"' b,',b!%)b %.b-!&b-( -!+Hbb

b
'b2(.b!/b2(.+b,"b,-+.-.+b,-Ib(',"+b"' b('-1-_,--"' b,',b-0'b
-!b,',b0!+b%+'+,b&$b!(",Hb!,b('-1-_,--"' b,',b'b,-b.)b-!b
,"-.-"('b-!-b%%,b(+bb!("b,(b-!-b"-b,&,b&(+b'-.+%b'b%,,b+.,!Hb('-1-_
,--"' b,',b'b%,(b)+(/"b&(+b-"%b$b('b-!b)+"' b!("Hb!2b%,(b
)+(/"bb"-b(b-',"('_+%"b-0'b"".%-b!(",Hbb

+)
#)
)
"($$
%+())

&,b'b,+/b,b-!b,",b(+b'b'-"+b(.+,a%-!(. !b&'2b0(.%b%%b"-bb!'##8
#+'$#"#)b+-!+b-!'bb(.+,Hbb

!(. !b,%(&b(&)%-b"'b"-,%Ibb%+'"' b &b'b,+/b,b-!b!+-b(b'b'-"+b

_%+'"' b(+-Hb+V,b!(0b-!-b&" !-b0(+$Jb
b-2)"%b%+'"' b &b,-+-,b0"-!bb+"b
"'-+(.-"('b-!-b+&,b-!b &b2b-%%"' b0!-b",b,"&.%-b'b0!-b0"%%bb%+'b
"'b-!b &Hb
-b-!",b)("'-Ib0b&" !-b "/b-!b%+'+b-!b()-"('b(b%+'"' b2b-!b &b(+b
2bb('/'-"('%b-.-(+"%Hb (,-b0(.%b)"$b-!b &Hb.+)+",Mbb

b
 '$!$
-
(!$



#(
$
(!#*")!%$(





b



#(
$
(!#*")!%$(



b

-b,(&b)("'-Ib-!b%+'+b+%"3,b-!-b-(b0"'b-!b &b"-b0(.%b!%)b-(b$'(0b&(+b(.-b
-!b,.#-b(b-!b &Hb!'b-!b%+'+b#.&),b-(b-!b('/'-"('%b-.-(+"%b(+bb%"--%b
,-.2Hb
-+b%+'"' bb"-b&(+b(.-b-!b,.#-Ib-!b%+'+b+-.+',b-(b-!b &Hb
+'+,b&2b,0"-!b$b'b(+-!b,/+%b-"&,b.+"' b-!b_%+'"' Hbb

'b-!b%+'+b!"/,b-!b (%,b"'b-!b &Ib-!+b(%%(0,bb*."$b+/"0b(b-!b

(')-,Hb!+b",b'(b-,-Ib.,b-!b &b",b-!b-,-Hb b%+'+,b'b)+(+&b-!b-,$b"'b
-!b &Ib-!2b'b(b"-b"'b-!b+%b0(+%Hb

b(.+,Ib-!+b+b&'2b/+"-"(',b)(,,"%b"'b-!",b%(0Hb(&b%+'+,b)++b-(b,-+-b
0"-!b-!b-.-(+"%b'b%+'b(.-b-!b,.#-b(+b-+2"' b-!"+b!'b-b-!b &Hb-!+,b
(+ (b-!b &b%-( -!+Ib'b(-!+,b'/+b-,-b-!b-.-(+"%Hb

b
 



#(
$
(!#*")!%$(



'$!$
-
(!$


b

$
"%)$
K

)E==1BI


&,b'b,"&.%-"(',b'b)+(/"b)+-"Ib)+(/($b",(/+",Ib'b-,-b%+'"' Hb
!2b'b,+/b,b(b-"/"-",Ib-,-,Ib-()",Ib%,,(',Ib'b(.+,,Hb

&,b(+b%+'"' b+' b+(&b,"&)%b).33%,b-(b'/"+('&'-%b,"&.%-"(',b'b
"&&+,"/b+(%_)%2"' b &,Hbb

," 'b-!b &b,(b0"''"' b+*."+,b(&)%",!"' b-!b%+'"' b(#-"/Hb

(+b)b%+'"' Ib+-bb&"+(_0(+%b0"-!b)%.,"%b (%,Ib!+-+,Ib(#-,Ib'b
+.%,Hb

," 'b"'b)+( +,,"/b!%%' b,(b'(/",b'b -b,-+-b+%"%2b'b/'b1)+-,b
&.,-b,-+. %b-(b&,-+b-!b &Hb

!b-!+(. !b$Hb(b'(-b%"&"-b$b-(b0(+,Hb,b!' ,b-(b(#-,b"'b-!b
",)%2b,b0%%b,b(2b%' . b'b"%b1)+,,"(',b(b!+-+,Hb

' b(&)%1"-2b-(b$)b-!b &b,"&)%b-(b%+'b'b"'1)',"/b-(b/%()Hb

?B
=?B5
K

(+b!%)b," '"' b*.,-"(',b'b%.,b(+b*."3_,!(0b &,b'b0(+b).33%,Ib,b
!)-+b=b('b-,-,Hb

(+b,"&)%b &,Ib.,b/"%%b-&)%-,b-(b+.b-!b&(.'-b(b.,-(&b/%()&'-b
+*."+Hb+!b(+b7!'##8"8)"%!)(b(+b#.,-b"8)"%!)(Hb

(+b&(+b('b," '"' b &,Ib,+!b(+b7!'##8"(8(#Hbb

b

b
E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b

)?391<

<51B>9>7

b

+'"' b,b'b+(&bb +(.)b

b

("%b&"b+b!' "' b-!b02b0b -b'0,Ib'-+-"'b(.+,%/,Ib'b/'b"'b&-,Hb

%( ,b!/b,(()b'-"('%b'0,b'-0(+$,b'b.'$b-!"+b%b,-(+",Hb"$")"b
!%%' ,b,-%",!b(&&+"%b'2%()",Hb(($b'b0"--+b+b',,"-",b(+b
&'2b"'b-(2V,b,("-2Hb(b,.+)+",Ib-!'Ib-!-b,("%b&"b'b-!'"*.,b+b
-+',(+&"' b%+'"' b'b%"' b-(b'(-!+b+'!b('b-!b_%+'"' b-+Hb
.-b,("%b%+'"' b",b'(-b'0b'b(,b'(-b+*."+b,("%b&"Hb("%b%+'"' b 'b"'b
'b'"'-b%,,+((&b0!'b('b!"%b-.+'b-(b'(-!+b'b,$IbW!-b"b-!b-!+b
#.,-b,2MXbb!-b",Ib,("%b%+'"' b",b%+'"' b+(&b(-!+b)()%a(_0(+$+,Ib%%(0b
,-.'-,Ib1)+-,Ib(',.%-'-,Ib.,-(&+,Ib'b(',.&+,Hb -b",b%,(b-!b)+(,,b(b%+'"' b
"'b +(.),Ib(-!b(+&%b'b"'(+&%Hb!'(%( 2b#.,-b&$,b-!b%+'"' b&(+b)(0+.%Ib
('/'"'-Ib'b.'Hb

-*
)
)%"
"($$

'b-!b('-1-b(b_%+'"' Ib-!b-+&b($!8!'##b!,b,/+%b(/+%))"' b"'"-"(',Hb
(++2Ib-!b"%b",b-((b'0b(+b)+",b- (+",Hbb


4569>9D9?>
C?BD
?6

("%b%+'"' b"'/(%/,b%+'"' b2b"'-+-"' b0"-!b(-!+b)()%Hb!(,b)()%b&2bb
)+,Ib,.!b,b%,,&-,b(+b(-!+,b"'b-!b,&b)+(,,"('Kb(+b-!2b&2bb1)+-,Ib,.!b,b
b-!+b(+b(.-,"b.-!(+"-2Hb
'b1)+-b",b'2(2b0!(b'b',0+bb"".%-b*.,-"('b
(+b(+b,,",-'Hb(Ib)+,b'bb1)+-,b-((Hbb

H
H




%!"
"'$!$



'$!$
-
(!$


b
'-+-"('b",b-"/Hb(%"-%2b%",-'"' b-(b,(&('b%-.+b",b'(-b,("%Kb'  "' b"'bb%"/%2b
*.,-"('_'_',0+b,,,"('b",b,("%Hbb

!b"'-+-"('b'bb-!+(. !b-!b"+-b1!' b(b&,, ,Ib,.!b,b_&"%b&",,"/,Ib

",.,,"('_(+.&b)(,-"' ,Ib%( b'-+",Ib(+b,"&)%b-0-,Hb '-+-"('b'b(.+b-!+(. !b
('-'-b+-b2b(-!+,Ib,.!b,b,-.'-_)+(.b,%"b,!(0,b(+b"'-+/"0,Hbb
("%b%+'"' b",b%+'+_+"/'Hb"+-.%_%,,+((&b(.+,,b.,.%%2b"'/(%/b,(&b,("%b
%+'"' b.-b+b)+"&+"%2b1)+-_+"/'Ib-!b!"b1)+-b"' b-!b-!+Hb
("%b%+'"' b/',b-!b&'"' b(b-!b0(+b!'##Hb +'"' b",b'(-b#.,-b).--"' b
"'(+&-"('b"'-(b-!b+"'b(+b%-+b+%%Ib.-b"' b)"%"-",b&b)(,,"%b-!+(. !b
,("%b"'-+-"('Hb!b,("%b%+'+V,b&'",-(b",JbW b&b0!-b b'b(b%('a'b0!-b b
'b(b0"-!b-!b!%)b(b(-!+,Hb(.b!"+b&Kb2(.b -b&2b,("%b'-0(+$b(+b+HXb

)?
G81D

!b)(0+b(b'b"'"/".%b%",b"'b-!b"%"-2b-(b(&)%",!b (%,a"-!+b%('b(+b0"-!b-!b
!%)b(b(-!+,Hb!b/%.b(bb0(+$(+b",b"-,b(%%-"/b"%"-2b-(b(&)%",!b-!b
(+ '"3-"('Y,b&",,"('Hb!b,-+' -!b(bb)().%-"('Ib,("-2Ib(+b"/"%"3-"('b",b"-,b(%%-"/b
"%"-2b-(b++2b(.-b-!b (%,b'b"%,b(b-!b +(.)Hb!b-"/',,b(bb%,,b",b"-,b
"%"-2b-(b',.+b-!-b%%b&&+,b&-b-!b(+ '"3-"('V,b(#-"/,b'b-!"+b(0'Hb("%b
%+'"' b%/+ ,b-!b'+ 2b'b"'-%%-b(b-!b +(.)b-(b(&)%",!b-!(,b (%,Hb

?>C945B
D85
F1B95D95C
?6
C?391<
<51B>9>7

("%b%+'"' b+' ,b+(&b,!(+-Ib,"&)%b/'-,b-(b%"%(' b%+'"' b)+(,,,Hb+b+b
,(&b(+&,b'b&'",--"(',b(b,("%b%+'"' b2(.b&2b+( '"3Jb

$b+(&b(-!+b%+'+,Ib,)"%%2b"b"-b-$,b-!b(+&b(b'b()'b",.,,"('Hbb

"%( b0"-!b'b1)+-Ib(!Ib&'-(+b(+b-!+Hb

(',',.,b&(' b +(.)b&&+,b('b!(0b-(b',0+bb*.,-"('b(+b)+(b"'bb-,$Hb

(%%(+-"('b('bb,"' %b)+(#-Ib"'/(%/"' b"'- +-"' b-!b('-+".-"(',b(b-&b
&&+,Hb

",.,,"(',b&b"'b(-!+b(+&,b(b_%+'"' Hb

+(.)b-"/"-",b)+(+&b2bb-&b(+b(-!+b +(.)b+-!+b-!'b,b"'"/".%,Hb

+(+&'b,.))(+-b)+(/"b-(b"'"/".%,b2b'b('%"'b(&&.'"-2b(+b)+(,,"('%b
'-0(+$Hb!b +(.)b',0+,b*.,-"(',b'b(+,b/"Hb

."%"' bb'-0(+$b(b('_%%b/",(+,b(+b!%)b,(%/"' b)+(%&,b2+,b"'-(b-!b.-.+Hb


,,",-'b"'b-!"' b2b +(.)b&&+,b0!(b+"-"*.b0(+$Ib'(+b,-'+,b(b
!/"(+Ib'b(++-b&",(')-"(',Hb

'"/".%,b%+'"' b-(b.'-"('b,b&&+,b(bb-&b2b/%()"' b"%"-",b-(b
(%%(+-Ib,!+b"'(+&-"('Ib'b&(-"/-b(-!+,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

&b%+'"' b0!+bb +(.)b%+',b-(b.'-"('b,bb.'"-Ib))%2"' b-!b.%%b+' b(b
)"%"-",b&(' b&&+,b'b/%()"' b"%"-",b'(-b)(,,"%b2b'2b"'"/".%Hbb
!b"/+,"-2b"'b-!",b%",-b,!(0,b-!-b,("%b%+'"' b",b'(-bb,)""b-!'"*.b(+b-((%Hb -b
&"1,b0%%b0"-!b(-!+b(+&,b(b%+'"' Kb2(.b!/b+-"'%2b'(.'-+b"-b"'b/"+-.%_
%,,+((&b(.+,,b'b"'+,Ib(+b1&)%Hb.'-"('%%2Ib-!b-+&b($!8!'##b",b



&(+b(b'b/+b-!'bb'(.'b.,b"-b('+',b!(0b%+'"' b-"/"-",b(.+b.-b(,b

%!"
"'$!$



'(-b!' b0!"!b!.&'b1)+"',b0b0",!b-(b-+" +Hb

-81D
9C
>?D
C?391<
<51B>9>7

-b",b,2b-(b('.,b,("%b%+'"' b0"-!b,(&b(b"-,b%(,b+%-"/,b'b&"-"(.,b
"&"--(+,Hb
).H$/-.H/-#(!H-)#&H'#Hb("%b",b,b,("%b(,Hb
'b%-+('"b&".&b)+(&(-,b
,("%b%+'"' b0!'bb +(.)b.,,b"-b-(b(&&.'"-Ib(%%(+-Ib'b((+"'-Hb
b
,)+,!-b'bb,("%b0!'b.,b2bb-&b0!(b!b('-+".-,b-(b"-,b," 'b'b
-Hb0"--+b",b'(-b,("%b"b'(b('b(&&'-,b('b-!bb(+b+-0-,b"-Hbb
).H$/-.H-)#&H(.1),%#(!;H("%b%+'"' b",b'(-b#.,-b.,"' b0"--+b'b(($b"'b
%,,Hb("%b%+'"' b",b'(-b(.-b&$"' b+"',b.-b."%"' bb(&&.'"-2b(+b%+'"' b
'b)+(,,"('%b,.))(+-Hb

).H$/-.H'#(#-.,.#0H/--H) H-)#&H'#Hb("%b&"b'bb/+2b!%).%b-(b&$b
''(.'&'-,Ib",-+".-b(.+,b&-+"%,Ib,.&"-b!(&0(+$Ib,!.%b("b!(.+,b'b
))("'-&'-,Ib'b)+(/"b+,(.+,b(+b+"' b'b/"0"' Hb!(. !b"&)(+-'-Ib-!,b
.,,b+b'(-b"'b-!&,%/,b,("%b%+'"' Hb

).H$/-.H ),H(1-Hb,"' b,("%b&"b-(b(&&.'"-b"'(+&-"('b",b'(-b'(. !b-(b

*.%"2b,b%+'"' Hb '(0"' b-!-b+,"('b;H:H9b(b-!b,(-0+b,!"),b('b',2b",b
.,.%b"'(+&-"('Ib.-b"-b",b'(-b-+.b.-"('Hb

-81D
9C
D85
7B?E@

("%b%+'"' b-$,b)%b0"-!"'bb,("%b +(.)Hb!-b +(.)b&" !-b"'%.b#.,-bb&'-(+b
'b)+(-4 4Hb+b"-b&2b"'%.bb0(+$b-&Ibb%,,b(b,-.'-,Ib'b(+ '"3-"('%b
)+-&'-Ibb,!((%b(+b(-!+b(+ '"3-"('Ibb'-"('Ibb)+(,,"('Ib(+b/'b-!b'-"+b
)().%-"('b(b-!",b)%'-Hb
!b,("%b +(.)b0!+b%+'"' b(.+,b&2bb%%bb-&Ib'-0(+$Ib(+b(&&.'"-2Hbb
/+%b,.!b +(.),b+b,)"%%2b"&)(+-'-b0!'b"&)%&'-"' b&"-"(.,b,("%b
%+'"' b(+-,Jb

)''/(#.3H) H*,.#Hb "$_&"'b)+-"-"('+,b'  b"'b-!b,&b'/(+b(+b
0(+$"' b"'b-!b,&b"%Hb!b(.,b",b('b)+(+&"' b0(+$b0"-!"'b-!b)+(,,"('Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

,(#(!H)''/(#.3Hb()%b0(+$"' b-( -!+b-(b%+'b-!b,&b '+%b,.#-Hb
(&-"&,b%%b!'##8$$')(b(+bb!'##8)"Hb!b(.,b",b('b%+'"' b-!b,.#-Ib
+-!+b-!'b))%2"' b-!b,.#-Hb!b(&&.'"-2b'b"'%.b%.&'"b'b,(&-"&,b
-!+,Hb

,) --#)(&H(.1),%Hb'V,b)+,('%b('--,b0"-!"'bb)+(,,"('Hb!,b"'%.b
)()%b0!(b'b',0+b*.,-"(',b'b(+b/"Hbb

,-)(&H(.1),%Hb'Y,b+"',b'b&"%2Hb!",b +(.)b&2b.,b"+'-b-((%,b'b
-"*.--b+(&b-!b(-!+,Hb -,b(.,b",b('b1!' "' b)+,('%Ib+-!+b-!'b)+(,,"('%Ib
"'(+&-"('Hb
!b(b-!,b +(.),b!,b"-,b)%b"'b,("%b%+'"' Hb
,b," '+,b0b&.,-b"'/(%/b-!b
+" !-b +(.)b"'b!b-"/"-2b0b)+,+"Hb

%-
%
-
M)$N
)%"
"($$

("%b%+'"' b+*."+,b-"/b," 'Hb!b%-+('"b%',)b",b.%%b(b!%_(&)%-b
0"$",Ib+%"-b('b "b&-"' b!%%,Ib'b",.,,"('b +(.),b"-!+b%( b0"-!b,)&b
(+b ('b,"%'-Hb((b"'-'-"(',b'b)(0+.%b-!'(%( 2b"%b0"-!(.-b)+()+b," 'Hb

-81D
4?
G5
=51>
2I
45C97>

!-b",b-!b+(%b(b," 'b"'b-!b('-1-b(b,("%b%+'"' Mb
'b0!-b1-%2b",b"-b-!-b0b
," 'Mbb

," '"' b,("%b%+'"' b",bb"-b"+'-b+(&b," '"' b(-!+b(+&,b(b_%+'"' Hb.+b

(%b",b-(b' "'+b,("%b)+(,,,b+-!+b-!'b-(b('" .+b-((%,b(+b+-b('-'-Hb("%b
)+(,,,b"'%.b"'-+-"(',b,.!b,b,$"' b'b',0+"' b*.,-"(',Ib)(,-"' b'b
(&&'-"' b('b&,, ,Ib'b(%%(+-"' b('b)+(#-,Hb
%%b,("%b%+'"' b-"/"-",b
+*."+b-b%,-b-0(b)()%Ib'b&(,-b%+'"' b(.+,b,bb+,.%-b(b$b-!-b(.+,b
'-.+%%2b,bb)+-b(b-!"+b"'-+-"('Hb

," '"' b,("%b%+'"' b",b&(+b%"$b."%"' b-!b-!-+b-!'b-"' b"'b-!b)%2Hb!b

," '+b' "'+,b"+.&,-',b-!-b)+(/($b-!b-2)b(b"'-+-"('b',,+2b(+b
%+'"' Hb (,-b(b-!bW('-'-Xb(b,("%b%+'"' b",b+-b2b%+'+,bO'b-!(,b-!2b
"'-+-b0"-!Pb,b-!2b",.,,Ib,!+Ib+"-"*.Ib'b(%%(+-Hb

*85
B?<5
?6
D85
45C97>5B

("%b%+'"' b",b,(b'0b'b+(%2b"'b-!-b0+"-"' bb)+",b#(b,+")-"('b(+bb
," '+b",b'(-b,2a.-b%-V,b-+2Hb(b-!b.-",b(b-!b," '+b(b('/'-"('%b
_%+'"' Ib0b&.,-bbb&"1-.+b(b'0b+,)(',""%"-",Hb(&b))%2b-(b'2b(+&b(b

b
 '$!$
-
(!$



%!"
"'$!$





b
%+'"' b'b(-!+,b,)""%%2b-(b_%+'"' Hb
,bb," '+b(b,("%b%+'"' Ibb)+)+b
-(Jb

#H1",H(H1"(H.)H/-H-)#&H&,(#(!Hb("%b%+'"' b",b,%(&b,.""'-b2b
"-,%b(+b'b&"-"(.,b (%b(+b(&)%1b)+(#-Hb(.Ib,bb," '+Ib&.,-b"b0!-b
(#-"/,b-(b(&)%",!b2b,("%b%+'"' b'b0!"!b(#-"/,b0"%%b+*."+b(-!+b 


,(%.-"(',HbO)Hb<8<PHb

%!"
"'$!$




 #(H."H.,!.H&,(,-Hb(+b,("%b%+'"' Ib-!b (%b&2bb.-"' b"'"/".%,b
(+b'-"+b +(.),Hb
,bb," '+b2(.b&.,-b)+",%2b"'-"2b-!(,b2(.b0",!b-(b.-b
'b(&&.'"-b-!-b","('b-(b(-!+,b('b-!b)+(#-Hb )b"'b&"'b-!-b-!b
)"%"-2b(bb +(.)b(b%+'+,b",b'(-bb&-!&-"%b,.&b(b-!b)"%"-",b(b"-,b
&&+,Hb

&,# 3H)$.#0-Hb!-b(',-"-.-,b,.,,Mb ,b-!b (%b-(b%+'b,(&-!"' b,)""b(+b
-(b%+'b!(0b-(b%+'b"')''-%2Mb ,b-!b (%b-(b"&)+(/b,("%b,$"%%,Ib'!'b-&b
)"%"-",Ib(+b#.,-b-(b."%b.)bb)+(,,"('%b'-0(+$Mbb

#H1",H2*,.#-H1#&&H)'H ,)'Hb2'",b!/b"'b,("%b%+'"' b,b-!b
.'"'(+&b'b('.,b-!"' b-!b" '(+'-b'b.%Hb(b!b(b-!",b+%b
)(,,""%"-2Ib-!b," '+b&.,-b',.+b-!-b,("%b"'-+-"(',b)+(/"b-!b'b
1)+-",Hb!",b1)+-",b'b(&b+(&b%+'+,b(%%-"/%2Ib+(&b(.-,"b1)+-,Ib
+(&b'b,," 'b(!b(+b-!+Ib(+b+(&b",(/+2b-"/"-",Hb!b," '+b&.,-b
',.+b-!-b-!b1)+-",b",b/"%%b'b -,b-(b-!b-+ -b%+'+,Hb

#H(H( ),H*,,+/#-#.H-%#&&-Hb("%b%+'"' b",b'(-b(+b/+2(2Hb -b
+*."+,b-!b"%"-2b-(b(&&.'"-b%+%2Ib0(+$b(%%(+-"/%2Ib'b%+'b
"')''-%2Hb -b%,(b+*."+,b--"-.,b(b()'',,b'b('"'Hb
,bb," '+Ib
2(.b&.,-b,-b&"'"&.&b+*."+&'-,b'b,-%",!b&!'",&,b-(b',.+b%+'+,b
&-b-!,b)++*.","-,Hb

#H1".H ),'-H) H-)#&H#(.,.#)(H-.H."Hb(.b&.,-b,)"2b-"/"-",b-(b
(&)%",!b,)""b%+'"' b(#-"/,b,b0%%b,b-"/"-",b-(b!"/b '+%b (%,b
,.!b,b-&b(+&-"('Hb-+-b0"-!b-!b)--+'b(b"'-+-"('b2(.b0'-b-(b(.+bO)Hb<98PHb

,#.H."H,/&-Hb/2_!'b)+(.+,b'b((&b,("%b%+'"' Ib.-b,(b-((b'bb
%$b(b,-+.-.+Hb
,bb," '+Ib2(.b&.,-b,-b.)b)(%"",Ib,-'+,Ib)+(.+,b-!-b
."b,("%b"'-+-"('Hb
'b2(.b&.,-b'(.+ b%+'+,b-(b,-b'b'(+b-!"+b(0'b
+.%,Hb

.H(H&,# 3H!,#(!H,#.,#Hbb(0b0"%%b%+'+,bb +Mb!-b",b-!b+(%b(b
"'"/".%b/+,.,b +(.)b)+(+&'b"'b-+&"'"' b +,Mb(0b0"%%b2(.b#.,-"2b
+"-+"b-(b +_(',"(.,b"'"/".%,Mb+,b&.,-b+%-b-!b+-!b'b)-!b(b
%+'"' b'b&.,-b))+b"+b-(b'2b(#-"/b(,+/+Hbb

)(#.),H(H!/#H-)#&H&,(#(!a0"-!(.-b"'-+."' Hb
,bb"%"--(+Ib2(.b0"%%b'b
-(b&(%b,-'+,b(b!/"(+b'b(!b,("%b"'-+-"('Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

*# 3H,+/#,'(.-H ),H."()&)!3H/-Hb-!+,b&2b,%-b'b"&)%&'-b-!b
-!'(%( 2Ib.-b2(.b&.,-b',.+b-!-b-!b-!'(%( 2b'%,b-!b-2),b(b,("%b
"'-+-"('b+*."+b(+b%+'"' Hb

-#!(H.'*&.-H(H*,)/,-H ),H&,(,-H.)H,.H)(.(-Hb(+b%+'+,b-(b+-b
('-'-b-!2b&2b'b,-+&%"'b-!'"*.,b-(b."%b,%",Ib/"(b%"),Ib(.&'-,Ib
,)+,!-,Ib'b&'2b(-!+b-2),b(b%+'"' b&-+"%,Hb

*# 3H-)#&G&,(#(!H)'*)((.-H#(H).",H ),'-H) H&,(#(!Ib,.!b,bb)!2,"%b
%,,+((&b(.+,Ib,-'%('b_%+'"' Ib(+b&("%b%+'"' Hb


-(
$
-$
*%
+)
)%"
"($$

("%b%+'"' b0(+$,b0%%b"'b,(&b"+.&,-',b'b'(-b"'b(-!+,Hb -b'b(&"'b0"-!b
(-!+b(+&,b(b%+'"' b-(b%(,b ),Ib,(%/b.'"*.b)+(%&,Ib'b&$b%+'"' b&(+b
+%"%Hb
,b," '+,b0b&.,-b)%(2b,("%b%+'"' b(+"' b-(b"-,b,-+' -!,b'b
0$',,,Hb+b+b,(&b (%,b(+b0!"!b,("%b%+'"' b",b))+()+"-Hb

#1;5
<51B>9>7
=?B5
B5<912<5

("%b%+'"' b'b&$b%+'"' b&(+b+%"%b2b%+"' b.)b&",(')-"(',Hb -b
)+(/",b'b"',-'-b,(.+b(b$b('b",Ib'b'b-!.,b"%-+b(.-bb",b'b
)+(/"bb,('b()"'"('Hb("%b%+'"' b'b+"'b",b-!+(. !b",.,,"('Hb
'b
%+'+,b'b('-"'.b",.,,"('b.'-"%b-!b"b",b(&)%-%2b%+Hb("%b%+'"' b'b
&("%"3b-!(.,',b(b&"',b-(b,(%/bb"".%-b)+(%&Hb
,bb('.,Ib"-b&$,b%%b
-"/"-",b(''-b-"/"-",b2b%"'$"' b%+'"' b-(b-!b%+ +b0(+%b(.-,"b-!b"'"/".%Hb

#1;5
<51B>9>7
=?B5
5>:?I12<5

("%b%+'"' b&$,b%+'"' b'b0(+$b%,,b%('%2Hb -b)+(/",b,("%b"'-+-"('b-!-b
1-+(/+-,b+/b'b"-b)+(/",b&(-"('%b,.))(+-b-(b%%b%+'+,Hb -b%-,b%+'+,b0(+$b-(b
,-'+,b,-b2b)+,b-!2b$'(0b'b-+.,-Hbb

)b"'b&"'b-!-b,("%b%+'"' b&2b,&b%"'b-(b-!(,b+(&b.%-.+,b0"-!b(-!+b
%+'"' b-+"-"(',Ib,)"%%2b(',b,b('b-!b.-!(+"-2b(b-!b-!+b'b(&)-"-"('b
&(' b%+'+,Hb

'Ib,("%b%+'"' b(,b'(-b .+'-b)().%+"-2b&(' b"-,b(b,("%b'-0(+$"' Hb
+%2b.,"' b0"--+b'b(($b"'b2(.+b(.+,,b0"%%b'(-b&$b2(.+b)+( +&,b&(+b
)().%+Hb'%2b0%%_," 'b)+( +&,b0"%%b(b-!-Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
*5138
496693E<D
CE2:53DC

("%b%+'"' b'b-!b!" !_%/%b-!"'$"' b'b%+'"' b,$"%%,b-!-b+b'(-b,"%2b
+.b-(b,"&)%b+.%,b'b)+(.+,Hb -b'b0(+$b0%%b(+b'!'"' b+-"/"-2Ib
"''(/-"('Ib)+(%&b,(%/"' Ib"')''-b%+'"' Ib#. &'-b'b","('_&$"' Hb
'Ib 


'(b,.+)+",Ib"-b",b"%b(+b-!"' b,("%b,$"%%,Ib,.!b,Ib('/+,-"('Ib"'-+/"0"' Ib

%!"
"'$!$



' (-"-"('Ib'b(&)+(&",Hb
("%b%+'"' b%-,b_%+'"' b-$%b,)"%%2b"".%-b-()",b(+b/,-b'b"%%_"'b
,.#-,Hb("%b%+'"' b'b)+)+b%+'+,b(+Jb

","('_&$"' b"'b,2,-&,b-((b(&)%1b-(bb.%%2b.'+,-((Hb

(',-'-%2b!' "' b#(b.-",b'b.'"*.b)+(%&,Hb

$"%%,b))%"b,("%%2Ib-!-b",Ib2bb-&b+-!+b-!'b'b"'"/".%Hb


,," '&'-,b-!-b+*."+b&(+b-%'-,b-!'b)(,,,,b2bb,"' %b)+,('Hb
("%b%+'"' b''(-b-!b%%b,.#-,Hb -b",b'(-b-"/b0!+b%+'+,b&.,-b%+'b%+ b
&(.'-,b(b"'(+&-"('Hb(+b",b"-b,."-b(+b --"' b,-+-b"'bb"%b0!+b%+'+,b(b'(-b
2-b$'(0b-!b/(.%+2b'b,-+.-.+b(b-!b"%b',,+2b-(b)+(.-"/%2b"'-+-b0"-!b
1)+-,Hb("%b%+'"' b",b'(-b-"/b0!+b%+'+,b&.,-bb(',",-'-%2b.-b-(bb
,)""b,-'+Ib,.!b,b(+b+-""-"('b(+b%"',"' Hb"-!b,("%b%+'"' Ib"-b",b!+b-(b
&,.+b+,.%-,b'b-!b.,,b(+b-!(,b+,.%-,Hb(Ib)'"' b('b,("%b%+'"' b%('b",b
%"$b)%2"' b-!b%(--+2b,b'b"'/,-&'-b,-+- 2Hb("%b%+'"' b&2b,-"%%b!/bb)+-b.-b
'(-b-!b%b+(%Hb

=@<5=5>D
<51B>9>7
AE93;<I
1>4
9>5H@5>C9F5<I

("%b%+'"' b'bb+-b"'b%,,b-"&b'b0"-!b%,,b&('2b-!'b('/'-"('%b
_%+'"' Hb("%b%+'"' b(,b'(-b+*."+b"+,-b+-"' b"'-+-"/b('-'-Ib'b"-,b
(/+ b",b'(-b%"&"-b2b-!b$'(0% b(bb,"' %b-!+Hb!b*."$,-b'b,",-b02b
-(b-!b,(&b,.#-,b",b-(b!/b%+'+,b,$b-!"+b)+(,,"('%b'b,("%b'-0(+$,Hb

("%b%+'"' b'b%,(b%(0+b-!"' b'b&"'",-+-"/b(,-,b'b-"&b2b% -"' b

&.!b(b-!b&' &'-b(b%+'"' b-(b%+'+,Hbb
.,b,("%b%+'"' b'bb"&)%&'-b*."$%2b'b"'1)',"/%2Ib"-b0(+$,b0%%b-(b
-!b2'&"b,.#-,Ib-(b+,)('b-(b!' "' b%+'"' b'/"+('&'-,Ib'b-(b"'(+)(+-b
.++'-b/'-,b'b-"/"-",b"'-(b%+'"' Hb
"-!b,("%b%+'"' Ib-!+,b'b"%"--(+,b'b&' b%+ +b%,,,Ib,)"%%2b(',b
('-"'"' b!,-+(' b%+'+,Hb!b +(.)b(+b-&b(.'-+%',b,-+(' b)+,('%"-",b
'b'b%"/+b,-+(' b$b'b!/b"-b)-Hb
b%+'+b'b%,,b,"%2b,!+. b(b
-!b(',',.,b(b-!b +(.)b-!'b-!b()"'"('b(b('b"'"/".%Hb
'b&'2b%+'+,b "/b
&(+b+""%"-2b-(b)+,b-!'b-(b-!+,Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
("%b%+'"' b",b'(-bb -_(.-_(_0(+$b+b+Hb -b,%(&b,.,b0!'b-!b&"'b
).+)(,b",b-(b/("b-!b!+b0(+$b(b-!"' b2b(%("' b0(+$b'b+,)(',""%"-2b('-(b
%+'+,b'bZ-!b(&&.'"-2HZb

E9<4
1
>5DG?B;
D?
CE@@?BD
D85
<51B>9>7
9>
D85
6EDEB5

+!),b-!b,-b.,b(b,("%b%+'"' b",b(+b%"%(' b%+'"' Hb("%b%+'"' b!%),b
%+'+,b."%bb'-0(+$b(b)+(,,"('%b('--,b0!(b'b,.))(+-b-!&b"'b-!b.-.+Hb
("%b%+'"' b'-.+%%2b,)+$,b)+(,,"('%b+"',!"),b0"-!b)+,b'b1)+-,Hb -b
,-%",!,b(&&.'"-",b(b%+'"' b'b(&&.'"-",b(b)+-"b-!-b&2b'.+b%(' b
-+b-!b'b(b'b"'"/".%b(.+,Hb

-*
)%"
"($$
('+()

!b/'- ,b(b,("%b%+'"' b+b'(-b.-(&-"b(+b+Hb-"/b,("%b%+'"' b
+*."+,b&.!b(b"'"/".%,b'b(b-!b,.++(.'"' b(+ '"3-"('Hb -V,b-$bb%(($b-b
0!-b)+,('%b!+-+",-",b'b"'+,-+.-.+b+b+*."+b(+b,("%b%+'"' Hb

-81D
9C
B5AE9B54
?6
<51B>5BC

(b'  b"'b,("%b%+'"' Ib%+'+,b+*."+b+-"'b"%"-",Ib--"-.,Ib'b-!'(%( 2Hb

1C93
3?==E>931D9?>C
1>4
D8?E78D
C;9<<C

("%b%+'"' b+*."+,b%+'+,b0!(b'b-!"'$b%( "%%2b'b(&&.'"-b%+%2b'b
""'-%2b0"-!b(-!+b"'"/".%,b'b0"-!b0!(%b +(.),Hb!b%+'+b&.,-bb%b-(Jb

H(H1,#.H."H&(!/!H/-H#(H#-/--#)(-<H'--!-<H(H, ,(H'.,#&-Hb
+'+,b&.,-bb%b-(b.,b%' . b-(b--b'b1)+,,b,.-%b&'"' ,b'b
'.',b(b&(-"('Hb 'b(-!+b0(+,Ib-!2b&.,-b+b-0'b-!b%"',Hb

*%H(H&#-.(H .#0&3Hb +'+,b&.,-b&$b-!&,%/,b.'+,-'%b-!+(. !b
."(b'b(-!+b&"Hb
'b-!2b&.,-b!/b-!b,("%b,',"-"/"-2b-(b (b2('b-!b
%"-+%b&'"' b(b0(+,b'b--'b-(b-('b(b/("b,b0%%Hb


-%H(H(-1,H+/-.#)(-Hb",.,,"('b+*."+,b-!b"%"-2b-(b)(,b*.,-"(',Ib%",-'b-(b
',0+,Ib'b,$b(%%(0b.)b*.,-"(',Hb "$0",Ib"-b+*."+,b%",-'"' b+.%%2b-(b
(-!+,Vb*.,-"(',b'b+-"' b(&)%-b'b('",b',0+,Hb

"#(%H*&3H(H ##(.&3Hb +'+,b&.,-b,,,,b-!b+%/'b(b",Ib" '(+b
"++%/'-b-"%,Ib'b+0b%( "%b('%.,"(',Hb!2b&.,-b%,(b+( '"3b%( "%b%0,b
"'b-!"+b(0'b+ .&'-,b'b-!(,b(b(-!+,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
DD9DE45
?6
?@5>>5CC

("%b%+'"' b+*."+,b"' b()'b-(b'0b'b--+b",Hb("%b%+'+,b&.,-b
('-"'.%%2b+/",b-!"+b()"'"(',b'b+"'b-!"+b",Hb!2b&.,-b-$b+"-"",&b'bb
", +&'-b0"-!(.-b(&"' b!(,-"%b(+b',"/Hb
(/b%%Ib-!2b&.,-b+"-"*.b-!"+b
(0'b",b'b-!(. !-b)+(,,,Hb


%!"
"'$!$



!2b&.,-b%"$0",b,!+b"'(+&-"('b'b!%)b(-!+,Hb '(+&-"('b!(++,b&$b)((+b
,("%b%+'+,Hb

b%$b(b()'',,b'b((&b,("%b%+'"' b(+-,Hb"-!(.-b()'',,Ib0b-'b-(b
'-0(+$b0"-!b)()%b%"$b.,a0!(b('V-b!%%' b.,b'b0!(b$'(0b%"--%b&(+b-!'b0b
(Hb.,b-!,b)()%b,!+b-!b,&b",,b'b%"'b,)(-,Ib"'-+-"' b0"-!b-!&b
('%2b+"'(+,b +(.)-!"'$Hb

)@9B9D
?6
3??@5B1D9?>

("%b%+'"' b",bb#("'-b/'-.+b-!-b+*."+,b%+'+,b-(b).-b,"b(&)-"-"/b"',-"'-,b
'b-(b(()+-b-(0+b-!b (%b(b%+'"' Hb
,b&&+,b(bb-&Ib%+'+,b&.,-b%-b (b
(b-!b+'$Ib,--.,Ib(+b)+"/"% b-!2b'#(2b,b"'"/".%,Hb!2b&.,-b%" 'b-!"+b-"(',b-(b
b(&&('b).+)(,Ib (%Ib(+b/","('Hb
'b-!2b&.,-bb0"%%"' b-(b-+.,-b(-!+b-&b&&+,b
"'b(++b-(b%+'b+(&b-!&Hb("%b%+'"' b(-'b+*."+,b%(,"' b,(&b('-+(%b(/+b+,.%-,b
'b +,Hb'%,,b%+'+,b!/bb,)"+"-b(b(()+-"('Ib-!b-"&b+*."+b-(b/%()b
-+.,-b'bb%(' +b-!'b-!b-"&b%%(--b(+b%+'"' Hb

1C93
;>?G<5475
?6
D85
695<4
?6
9>AE9BI

(b%+'b-!+(. !b",.,,"(',b0"-!b(-!+,Ib%+'+,b&.,-b!/b-!b"%"-2b-(b,$b*.,-"(',b
'b.'+,-'b',0+,Hb!-b&',b-!2b&.,-b!/bb +,)b(b-!b,"b/(.%+2Ib
,-+.-.+Ib'b.'+%2"' b)+"'")%,b(b-!b"%Hb
,,b-(b %(,,+",b'b)+"&+,b'b
!%)Ib.-bb,"b.'+,-'"' b",b'b(+b%.'-b"'-+-"('Ib,)"%%2b0"-!b1)+-,b
0!(b&2b!/b%"--%b)-"'b0"-!b-!(,b0!(b!/b'(-bW('b-!"+b!(&0(+$HXb

?=@5D5>35
G9D8
C?391<=5491
D??<C

+'+,b&.,-bb%b-(b.,b(&&('b,("%_&"b-((%,b'b.'+,-'b-!"+b
-+&"'(%( 2b'b('/'-"(',Hb+b-!2b&.,-b!/b-!b"%"-2b-(b%+'b-!&b*."$%2Hb
(+-.'-%2Ib-!b-((%,b+b,"&)%b'b0%%b(.&'-Hb
(&)-'b%,(b"'%.,b(%%(0"' b('/'-"(',b(b)(%"-Ib)+(,,"('%b('%"'b!/"(+b(+b
#)&*))Hbb

b




%!"
"'$!$



'$!$
-
(!$


b
-?B;
5D893

("%b%+'"' b)%,b&(,-b(b-!b+,)(',""%"-2b(+b%+'"' b('b%+'+,Hb!",b"'b-.+'b
+*."+,b-"/b)+-"")-"('Ib'(-b,%$"' b(b(+bW!"-!!"$"' HXb -b%,(b+*."+,b-!b,%_
",")%"'b-(b(+ (b.')+(.-"/b('%"'b,("%b!/"(+,Ib,.!b,b%"+-"' Ib'-+"' Ib
)+(/($"' b(-!+,Ib,)+"' b+.&(+,Ib(+b#.,-b0,-"' b-"&bO)Hb<=?PHb
("%b%+'"' b",b'(-b(+b)''-b%+'+,b0!(b0"%%b,0)b)''b('b-!b-!+b(+b
)''b('b(-!+b%+'+,Hb!",b,0)b",b'(-b)+( +,,Hb
-b%,-b-!b-!+b0,b
"'(+&b'b&(-"/-b-(b!%)Hbb

)?=5D89>7
D?
3?>DB92ED5
D?
D85
7B?E@

!b%+'+b&.,-b(+b,(&-!"' b-(b-!b +(.)Hb(&b%+'+,b&2b)(,,,,b"'_)-!b
$'(0% b0"-!"'b-!b"%b(b"'*."+2Hb-!+,b&2b!/b,)"%b,("%b,$"%%,Ib,.!b,b-!b
"%"-2b-(b+,(%/b",).-,b&(' b-&b&&+,Kb(+b-!'"%b,$"%%,Ib,.!b,b-!b"%"-2b-(b
-!b(-!+,b!(0b-(b.,b/'b,("%b&"Hbb

b%+'+,b''(-b('-+".-b-(b-!b +(.)Ib-!2b&2b%b",(%-b'b"',.+Hb!2b&2b
0"-!+0b(+b#.,-b"%b-(b)+-"")-b.%%2Hb(b)+/'-b-!",b,"-.-"('Ib"+,-b&$b,.+b
/+2('b'b('-+".-b,(&-!"' Hb/b-!b"%"--(+b0(+$b0"-!b-&b&&+,b-(b
"'-"2b,$"%%,b(+b$'(0% b-!2b'b(+b-!b +(.)Hbb

-81D
9C
B5AE9B54
?6
D85
?B71>9J1D9?>

("%b%+'"' b(,b'(-b0(+$b(+b%%b(+ '"3-"(',Hb(-!b-!b(+ '"3-"('b-!-b,)(',(+,b
,("%b%+'"' b'b-!b'/"+('&'-b"'b0!"!b%+'"' b-$,b)%b&.,-b&-b,(&b
+*."+&'-,b(+b,("%b%+'"' b-(b,.Hb

E<DEB5
?6
C81B9>7

(b'%b,("%b%+'"' Ib-!b(+ '"3-"('b&.,-b)(,,,,bb.%-.+b(b,!+"' b"'(+&-"('b
'b!%)"' b(-!+,Hb
b%"&-b(b,+2b'b"+b(&)-"-"('b!+',b%+'+,b "',-b
-!b()'',,b'b(%%(+-"('b+*."+b"'b,("%b%+'"' Hb()%b0!(b+b+"b-(b
()'%2b&"-b&",-$,b('b-!b#(b(+b"'b-!b%,,+((&b+b.'%"$%2b-(b(/+(&b,"&"%+b
+,b"'b,("%b%+'"' Hb

%B71>9J1D9?>1<
C5<63?>6945>35

("%b%+'"' b-"'$+,b0"-!b-!b&' &'-b,-+.-.+Ib(+ '"3-"('%b.%-.+Ib'b
,-%",!b/%.,b(b-!b(+ '"3-"('Hb -b)+(/",b%-+%b(&&.'"-"('b0"-!"'b'b
(+ '"3-"('b'b(%",!,b+'$b'b,--.,b,b .+'-,b(b+,)-b(+b.-!(+"-2Hb!b
0!(%b"&)-.,b"'b,("%b%+'"' b",b-!-b-!b,-b"b0"',bLb.'-"%bb--+b"b(&,b
%(' Hb
.-!(+"-+"'b(+ '"3-"(',b0"-!bb+" "b!"'b(b(&&'b+b'(-b"%b(+b,("%b
%+'"' Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
(&b1.-"/,b(#-b-(b-!b ((2b'&,b(b,("%b'-0(+$"' b-((%,b"'/(%/b"'b,("%b
%+'"' Hb!.,Ib-!2b&2b%b-!-b,("%b%+'"' b-+"/"%"3,b.-"('b(+b",b#.,-b_
!,"' Hb+Ib-!-b%+'+,b0"%%b#.,-b0,-b-"&b,("%"3"' Hb

"571<
C53EB9DI



("%b%+'"' b'b)(,b,+"(.,b% %b+",$,b(+b'b(+ '"3-"('Hb -b'b1)(,b-!b

%!"
"'$!$



(+ '"3-"('b-(b% %b%""%"-2b"b(_!'b(&&'-,b+b.,b,b/"'b(b+.Ib
!+,,&'-Ib(+b",+"&"'-"('Hb+-"")-"('b2b%+'+,b"'b(.-,"b(&&.'"-",b'b+",b
",,.,b+ +"' b-!b(0'+,!")b(b"'-%%-.%b)+()+-2b+-b"'b%+'"' b-"/"-",Ib-!b
&",+)+,'--"('b2b%+'+,b(b-!b(+ '"3-"('V,b)(,"-"('b('b('-+(/+,"%b",,.,Ib(+b-!b
+%,b(b)+"/-b(+b('"'-"%b"'(+&-"('Hbb

>6?B=1D9?>
C53EB9DI

("%b%+'"' b'b)(,b)+(%&,b(b"'(+&-"('b,.+"-2Ib)+"/2Ib'b('-+(%a
,)"%%2b"b)+(+&b.,"' b).%"b-((%,b'b,("%b'-0(+$,Hb+ '"3-"(',b&2b+b
%+'+,b0"%%bb1)(,b-(b,)&b(+b/+-","' Hb+b-(b"'*."+",b2b(.-,"+,Hb
+ '"3-"(',b&2b+b-!-b)+"/-b(+b)+()+"-+2b"'(+&-"('b0"%%bb+/%Hb!2b
&2b%,(b!/b('+',b-!-bb,("%_'-0(+$"' b,"-b0"%%b,b()+-"('Ib!' b"-,b
.,"',,b&(%Ib(+b!' b)+"/2b)(%"2b'b)+(.+,Hbb

F19<129<9DI
?6
>55454
5H@5BD9C5

(+b,("%b%+'"' b-(b,.b%+'+,b&.,-b!/b,,b-(b-!(,b0"-!b-!b'b
1)+-",b-(b ."b-!&Hb!",b1)+-",b'b(&b+(&b-0(b,(.+,Jb

+'+,b(%%-"/%2b!/b-!b$'(0% b'b#.,-b'b-(b,!+b"-b%-+%%2Hb

1)+-,b+b/"%%b'b0"%%"' b-(b,!+Hb
b-!b(+ '"3-"('b(,b'(-b)(,,,,b-!b'b1)+-",b(+b''(-b--+-b"-Ib2(.b&2b
0'-b-(b!(%b(b('b,("%b%+'"' Hb

<5H929<9DI

('b(b-!,b+*."+&'-,b+b"',.+&(.'-%b)+(/"b-!b(+ '"3-"('b",b0"%%"' b-(b
!' Hb &)%&'-"' b,("%b%+'"' b&2b+*."+b(&)+(&",b'b)--"('Hb!b
(+ '"3-"('b'b-$b,&%%b,-),b"'b()'"' b.)b'b'(.+ "' b,!+"' Hb -b'b
(&&.'"-b+.%,b(+b,("%b%+'"' b-!-b)+(--b-!b(+ '"3-"('Hb -b'b "/b1)+-,b
'b%+'+,b"''-"/,b-(b)+-"")-Hb

!(,b"&)%&'-"' b,("%b%+'"' b'b-$b,-),b-(b"'- +-b,("%b%+'"' b"'bb02b

-!-b"-,b-!b(+ '"3-"('V,b.%-.+Hb!2b'b%,(b&('"-(+b+%2b,("%_%+'"' b(+-,b-(b
',.+b-!-b-!2b)+(.b-"/b%+'"' b0!"%b+,)-"' b-!b+*."+&'-,b(b-!b
(+ '"3-"('Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

&**($)
%
$*(*%$

"-!"'b,("%b%+'"' Ib+-"'b02,b(b"'-+-"' b!/b)+(/'b,)"%%2b)+(.-"/Hb
-!+b02,b+b%,(b(&&('b.,b(b-!"+b&"%"+"-2b-!+(. !b-+"-"('%b,!((%"' b
'b(-!+b!.&'b-"/"-",Hb!",b,-"('b-%( ,b,(&b(b-!b&(,-b(&&('b)--+',b(b
"'-+-"('Hb,b-!,b,b."%"' b%($,b-(b+-b+"!b,("%_%+'"' b-"/"-",b'b
%,,(',Hb

*85
5<5=5>DC
?6
C?391<
<51B>9>7

!-b+b-!b)--+',b(b"'-+-"('b-!-b+.+b-!+(. !(.-b,("%b%+'"' Mb+V,bb+"b
%",-b(b-!b&"'b(',Hb%b+b-(bb-(b-!b%",-b'b1)+"&'-b0"-!b!2+"b-2),Hbb

*ED?B9>7
9>D5B13D9?>

'b-!b-.-(+"' b)--+'b(b"'-+-"('Ib-!b1)+-b'b%+'+b"'-+-b('_
('_('Hb!",b)--+'b",b(&&('b"'b(!"' Ib(.',%"' Ib&'-(+"' Ib'b
b ))+'-",!")Hbb

.-(+"' b'b(.+b"'b)+,('Ib/"b_&"%b(+b-1-"' Ib,bb)!('b%%Ib(+b"'bb/"(_

('+'Hb!b-.-(+b'bbb,.#-_&--+b1)+-Ib-!b-!+b(bb%,,Ib(+b'b"'(+&b
'b+"' b%,,&-Hb

!(. !b'(-b'b""'-b02b-(b-!Ib-!b-.-(+"' b)--+'b(b"'-+-"('b",b ((b(+b

%"/+"' b$b)+"/-%2Ib(+b --"' b',0+,b-(b)(-'-"%%2b&++,,"' b*.,-"(',Ib
'b(+b",,.,b(b"'-+,-b-(b('%2b('b)+,('Hb

&B5C5>D1D9?>
@1DD5B>

'b-!b)+,'--"('b)--+'Ib('b)+,('b"+-,b"'(+&-"('b-(b(-!+,Hb
!b"'(+&-"('b&2b-$b-!b(+&b(bb(.+,b''(.'&'-Ibb%"/b
)+,'--"('Ib(+bb%-.+Hb!b)+,'--"('b"'-+-"('b",b%,(b.,b
(+b,)!,Ib%-.+,Ib'b&(',-+-"(',Hb -b",b-!b&(b.,b(+b
)+,'--"('b-"/"-",bO)Hb>APHbb
2b"-,%Ibb)+,'--"('b",b'(-b,("%Ib.-b"-b&2b%b-(b(-!+b(+&,b
(b"'-+-"('Ib,.!b,b*.,-"('_'_',0+Ib-!-b+b,("%Hb -b&2b
%,(bb',,+2b"'b,("%b%+'"' b-(b)+)+b%+'+,b-(b"'-+-b
,("%%2Hb -b(&,b,("%b0!'b%+'+,Ib"'"/".%%2b(+b,bb +(.)Ib
-$b('b-!b+(%b(b)+,'-+Hb
b

b
 '$!$
-
(!$



%!"
"'$!$





b
+,'--"(',b'bb)+,'-b"'bb)!2,"%b&-"' Ib2b%"/b(+b+(+b/"(Ib(+b"'b'b
('%"'b&-"' Hb
,b-!b)+,'--"('b"'-+-"('b-(b%"/+b"'(+&-"('b'b2b%%b%+'+,Ib,)"%%2b
0!+b-!+b",b%"--%b'b(+b"'-+-"('Hb,b"-b-(b,-b-!b,- b(+bb)+(.-"/b",.,,"('b
(+b(-!+b(+&b(b"'-+-"('Hb


%!"
"'$!$



'E5CD9?>1>41>CG5B
@1DD5B>

'b-!b*.,-"('_'_',0+bOG
Pb)--+'b%+'+,b,$b*.,-"(',b(b
'b1)+-Hb -b'b(.+b,b'b(+ '"3b,,,"('b-bb,)""b-"&b(+b,b
,)(+"%%2b,b'Hb -b",b-!b(+b(b*.,-"('"' b-"/"-",b
O)Hb9?>PHbb
G
b'b(.+b2b'2b-0(_02b&"Jb_&"%Ib-1-"' Ib!-Ib
",.,,"('b(+.&Ib)!('Ib."(_b(+b/"(_('+'"' Ib(+b&"+(_
%( "' Hb
bG
b,,,"('b'bb,.&&+"3b,bb+*.'-%2b,$b
*.,-"(',b"%Hb

,bG
b-(b!%)b%+'+,b',0+b*.,-"(',b-!-b(.++b0!"%b
),,"/%2b1)+"'"' bb%-.+b(+b(-!+b)+,'--"('Hbb

%,(b.,b"-b-(b',0+b*.,-"(',b)+(/($b2b,(&b(-!+b"'"/".%b(+b,("%b-"/"-2Hb
G
b'b"%%b ),b.,b2b%+'+,Vb"+'-b%/%,b(b$ +(.'b$'(0% Hb

&?CD1>43?==5>D
@1DD5B>

'b-!b)(,-_'_(&&'-b)--+'Ib'b1)+-Ib-!+Ib(+b",.,,"('b
%+b)(,-,bb&,, b'b%+'+,b(&&'-b('b"-Hb/+2(2b
"'/(%/b+,b'b'%23,b%%b-!b)(,-"' ,Hb
b%+'+b'bb-!b
1)+-b(+b'b+b#.,-b,-."Hbb
(,-_'_(&&'-b"'-+-"(',b'b%,(bb"&)%&'-b,bb
",.,,"('b-!+b(+b%( Hb

(,-_'_(&&'-b"'-+-"(',b0(+$b-(b(++-b&",(')-"(',b'b
-(b+"'b",Hb
b-!+b'b.,b-!b)(,-_'_(&&'-b)--+'b-(b
)+(/($b",.,,"('Ib-(b&$b,," '&'-,b'b(%%-b+,.%-,Ib'b-(b
"+-b--'-"('b-(bb,)""b,)-b(b-!b,.#-Hbb

+'+,b'b.,b-!",b)--+'b-(b -b$b('bb!2)(-!,",Ib)+()(,%Ib(+b"'-+)+--"('Kb
(+b-(b,!+b)+"/-b%+'"' b'b"'," !-,b0"-!bb +(.)Hb

b




%!"
"'$!$



'$!$
-
(!$


b
?<<12?B1D9F54?3E=5>D
@1DD5B>

'b-!b(%%(+-"/_(.&'-b)--+'Ib%+'+,b0(+$b-( -!+b-(b
+-b'b+"'bb(.&'-b(+b(-!+b)"b(b0(+$Hb.!b
(%%(+-"/b(.&'-,b+b(-'b%%b, (Hbb
(%%(+-"/b(.&'-,b'bb"&)%&'-b0"-!b,(-0+b
,)"%%2b," 'b-(b'%b&.%-")%b.-!(+,b-(b+-b'b"-b'b
('%"'b(.&'-Hb(-0+b(+b+-"' b0"$",b"-,b-!b"%%Ib,b(,b
(( %b(,b'b*."/%'-b(%%(+-"/b.-!(+"' b-((%,Hb
(%%(+-"/b(.&'-,b%-b%+'+,b)+()(,b'b+"'b",Hb!2b
+b,)"%%2b.,.%b"'b-!"' b,.#-,b,.!b,b0+"-"' Ib/",.%b
b ," 'Ib'b(-!+,b-!-b'bb,.&&+"3b"'bb" +&b(+b(-!+b
(.&'-Hb

B?E@49C3ECC9?>
@1DD5B>

'b-+.b +(.)b",.,,"('Ib%+'+,b"'-+-b0"-!b('b'(-!+Hb!",b
)--+'b,+",b '+%b",.,,"(',b,b0%%b,b,)"%"3b
(+&,b,.!b,b+(%_)%2"' Hbb

+(.)b",.,,"('b'bb"&)%&'-b-!+(. !b!-Ib."(_b(+b
/"(_('+'"' Ib(+bb",.,,"('b(+.&Hbb
!b +(.)b",.,,"('b",b ((b-(b(++-b&",(')-"(',Ib+"'b
b ",Ib"%%b"'b ),Ib'b -b$Hb -b",b%,(bb)%b-(b)+-"b
,("%b'b"'-+)+,('%b(&&.'"-"(',b,$"%%,Hb

)=1<<7B?E@
@1DD5B>

!b,&%%_ +(.)b)--+'b",bb% 2b+(&b%,,+((&b-+"'"' Hb

'b"-Ib-!b-!+b,," ',b",.,,"('b-()",b(+b-&b-,$,b-(b
+(.),b(b%+'+,b0!(b0(+$b-( -!+b'b-!'b+)(+-b$b-(b
-!b%,,b,bb0!(%Hb!b,._ +(.),b+b(-'b%%b' $*)8
'$*%(b'b-!b/"+-.%b,),b"'b0!"!b-!2b&-b+b%%b
+$(.-b+((&,Hbb

+$(.-b,,,"(',b+bb-.+b"'b,(&b('%"'_&-"' b-((%,Hb
!2b'b%,(bb"&)%&'-b2b.,"' b&.%-")%b!-b+((&,Hb
&%%_ +(.)b"'-+-"(',b+b ((b(+b,!(+-_-+&b-&0(+$b
,," '&'-,Hb!2b"/"b(&)%1b-,$,b"'-(b0(+$%_,"3b
.'"-,Hb!2b'(.+ b-&,b-(b '+-b,(%.-"(',b
"')''-%2b'b-!'b-(b+"'b",b2b(&)+",('Hb!2b
b

b
 '$!$
-
(!$



%!"
"'$!$





b
)+(/"bb,)b0!+b%+'+,b'b)+-"b,("%b'b
"'-+)+,('%b(&&.'"-"('b,$"%%,Hb

&1>5<49C3ECC9?>
@1DD5B>




'b-!b)'%_",.,,"('b)--+'Ib1)+-,b",.,,bb-()"b,b%+'+,b

%!"
"'$!$



0-!b'b%",-'Hb!",b)--+'b",b.,b(+b-+.b)'%b",.,,"(',Ib
-,Ib"'-+/"0,Ib'b+(%_)%2"' Hbb

.,b-!b)'%_",.,,"('b)--+'b(,b'(-b+*."+b"'-+-"' b
"+-%2b0"-!b%+'+,Ib"-b'bb"&)%&'-b0"-!bb%"/b
)+,'--"('b(+b'b."(_(+b/"(b)(,-Hb

!(. !b'(-b,-+"-%2b,("%Ib-!b)'%_",.,,"('b)--+'b",b.,.%b
(+b&(%"' b,("%b!/"(+Ib"%%.,-+-"' b,("%b,"-.-"(',Ib
1)(,"' bb+' b(b()"'"(',b'b/"0)("'-,Ib'b%/"' b)+b

"'-(bb,.#-Hb

)I=@?C9E=
@1DD5B>

'b-!b,2&)(,".&b)--+'Ibb +(.)b(b1)+-,b",.,,bb,.#-b0"-!b
%+'+,Hb!b,2&)(,".&b"+,b+(&b-!b)'%b"'b-!-b-!b1)+-,b
"'-+-b0"-!b%+'+,Hbb

!b,2&)(,".&b)--+'b'bb"&)%&'-b0"-!b."(_b(+b/"(_
('+'"' Ib,.!b,b)(,,"%b-!+(. !b'b('%"'b&-"' b-((%Hb

!b,2&)(,".&b)--+'b",b ((b(+b'b1-'b*.,-"('_'_
',0+b,,,"('Hb -b!%),b%+'+,b+"'b$'(0% b'b&-b
"'"/".%b%+'"' b',Hb

C;5H@5BD3?==E>9DI
@1DD5B>

'b-!b)--+'b(b,$"' bb(&&.'"-2b(b1)+-,Ib-!b%+'+b
(',.%-,bb(&&.'"-2b(b1)+-,bO(b0!"!b-!b%+'+b",b
'(-bb&&+PHb!b(&&.'"-2b&" !-bbb)+(.-b.,+b
+(.)b(+bb",.,,"('b(+.&b(+bb)+(,,"('%b,,("-"('Hbb
(&&.'"-"('b0"-!b-!b(&&.'"-2b",b-2)"%%2b-!+(. !b
"-,b",.,,"('b(+.&Hb

b




%!"
"'$!$



'$!$
-
(!$


b

,$"' bb(&&.'"-2b(b1)+-,b",b.,.%b(+b',0+"' b/'b*.,-"(',b'b --"' b
)+(,,"('%b/"Hb -b",b%,(b!%).%b(+b,. ,-"' b%-+'-"/b))+(!,b-(b%+'+,b
0!(b%b,-.$b(+b(.-b(b-!"+b)-!Hb

C;@55BC
@1DD5B>

'b-!b,$_)+,b)--+'Ibb%+'+b(',.%-,bb +(.)b(b0!"!b-!b
%+'+b",bb&&+Hb!b)+,b&2bb-!b%+'+V,b,("%b
'-0(+$Ib)+(,,"('%b'-0(+$Ib(+b%+'"' b-&Hbb

!",b)--+'b",b-2)"%%2b"&)%&'-b0"-!bb",.,,"('b(+.&b(+b
,("%b'-0(+$"' b,(-0+Hb

!",b)--+'b(b"'-+-"('b",b"%b(+b,$"' b,%" !-%2b/'b

b *.,-"(',b(b"'-+,-b-(b,/+%b&&+,b(b-!b +(.)Hbb
"-!b"-Ib%+'+,b'b -b'b1)%'-"('b"'b.'+,-'%b-+&,b(+b+"/b'b
'(.+ &'-b'b,2&)-!2Hb

?=29>5
@1DD5B>C
6?B
3?=@<5D5
13D9F9D95C

!b)(0+b(b-!,b)--+',b(b"'-+-"('b&+ ,b0!'b)--+',b(&"'b"'bb
(&)+!',"/b%+'"' b-"/"-2Hbb b

b
 '$!$
-
(!$



%!"
"'$!$





b
!",b1&)%b,!(0,b-!b%(0b(b"'-+-"('b)--+',b"'b'b1-'b-"/"-2Hb!+,b'b
%+'+,b0(+$b-( -!+b-(b+,+!b'b"'- +-b"'(+&-"('b('bb,.#-Hbb
9H
!b-"/"-2b,-+-,b0"-!b'b''(.'&'-b'b&"'"_%-.+b2b-!b-!+b-(b%+"2b-!b
,," '&'-Hb
:H
'b-!b'1-b)!,Ib-!+b-2),b(b"'-+-"('b(.+b,"&.%-'(.,%2Hbb


%!"
"'$!$




+'+,b0(+$b-( -!+b-(b0+"-b'b"-bb(.&'-Hbb

(b "'b"'(+&-"('b'b%+"2b",,.,Ib-!2b,$b*.,-"(',b(b)+(,,"('%,b"'b-!b
"%Hbb

(b((+"'-b-!"+b+,+!b'b0+"-"' Ib-!2b",.,,b",b'b))+(!,Hb
;H
'b-!b-!"+b)!,Ib%+'+,b+(.'b(.-b%+'"' Hb!2b&-b)+"/-%2b0"-!b-!b-!+b
'b,$b*.,-"(',b(b(-!+b%+'+,b-(b"%%b"'b'2b ),b%-b"'b-!"+b%+'"' Hb

!b"'-+-"('b)--+',b+b#.,-b."%"' b%($,b'b-!",b0,b#.,-b('b1&)%Hb & "'b

!(0b2(.b'b(&"'b-!,b)--+',b-(b+-b-"/b,("%_%+'"' b-"/"-",Hbb

)%"
&"*)
%
)%*-(

("%b&"b'b-((%,b)+(/"b!''%,b(+b!.&'b"'-+-"('Hb 'b-!",b,-"('Ib0b%(($b-b
-!(,b)"%"-",Hbb(b'(-b(',"+b"'"/".%b-((%,Ib0!"!b+b&"1,b(b)"%"-",b
'b0!"!b!' b+)"%2Hb ',-Ib0b%(($b-b-!b,"b)"%"-",b(b(&&.'"-"('b
'b(%%(+-"('b'b-!b- (+",b(b-((%,b-!-b)+(/"b-!,b)"%"-",Hb
%(' b-!b
02Ib0b0"%%b(+b/"b('b0!+b'b!(0b-(b.,b!b)"%"-2Hb

!",b,-"('b",b+-!+b%(' Ib,(b%-V,b,-+-b0"-!bb)+/"0Hb

*#&#.3H &---H) H.))&-H !H

'b-+ -b&,, ,Hb _&"%b'b-1-"' Hb <9>b

-b+%_-"&Hb
",.,,b,2'!+('(.,%2Hb
+(,-b,)(+"b&,, ,Hb
(,-b&,, b,*.',Hb
(%%(+-"/%2b+-b
(.&'-,Hb
!+b+-"(',Hb
1-_Ib."(_Ib'b/"(_('+'"' Hb <9@b
",.,,"('b(+.&,Hb <:=b
"+(_%( "' b'b_&"%Hb <:>b
%( ,b'b)(,-,Hb <:@b
(%%(+-"/b.-!(+"' b-((%,Ib0"$",Ib <;;b
0!"-(+,Ib'b))%"-"('b,!+"' Hb
"%_b'b&"_,!+"' Ib,("%b <<8b
(($&+$"' Ib- "' b(+b$20(+"' b
"-&,Ib'b&,!.),Hb

b




%!"
"'$!$



'$!$
-
(!$


b

*#&#.3H &---H) H.))&-H !H

(-b'b+-Hb (%%,Hb <<>b

"%-+b&,, ,Hb
,-%",!bb)("'-b(b('--Hb

&"'",-+bb-&b(+b(-!+b
+(.)b(b%+'+,Hb
b
,, "' b-((%,b0"-!b-!b"%"-2b-(b <=8b
,.,+"Ib%($Ib'b + -Hb
("%b&"b-((%,b0"-!bb)+("%b(+b!(&b <=8b
) Hb
"+-.%b%,,+((&b,2,-&,Ib('%"'b <=;b
&-"' b-((%,Ib,("%b&"b-((%,Ib'b
(%%(+-"/b%'+"' Hb

,b-!,b)"%"-",b-(b"&)%&'-b-!b)--+',b(b"'-+-"('bO)Hb<98PIb-(b)-b
('/'-"('%b-"/"-",bO!)-+,b:Ib;Ib'b<Pb-(b,("%b%+'"' Ib'b-(bb,("%b
(&)(''-,b-(b/"+-.%b%,,+((&b(.+,,bO!)-+b98PHb

)5>4
D1B75D54
=5CC175C

'b(b-!b,"b-"(',b"'b,("%b%+'"' b",b,'"' b&,, ,b-(b,)""b"'"/".%,b(+b-(b
-" !-%2b"'b +(.),Hb2)"%%2b_&"%b(+b-1-"' b",b.,b(+b,.!b-+ -b&,, ,Hb
!(. !b-!'"%%2b"+'-Ib_&"%b'b-1-"' b,+/b-!b,&b,("%b.'-"('Hb("b
&,, ,Ib,.!b,b)!('b%%,Ib'b%,(b-+ -b&,, ,Hbb

!b"%"-2b-(b"+-b-1-b&,, ,b-(b,)""b +(.)b&&+,b",b)+-b(b&'2b/"+-.%_

%,,+((&Ib('%"'_&-"' Ib'b,("%_'-0(+$"' b-((%,Hb
'b_&"%b'b-1-"' b+b
,-'+b-.+,b"'b&(,-b(&).-+,b'b&("%b)!(',Hb

=19<

_&"%b",b-!b&(,-b(&&('b&-!(b(b(%%(+-"('b"'b_%+'"' Hb_&"%b"'%.,b)+"/-b
&,, ,b,'-b('_-(_('Ib,2b+(&bb%+'+b-(b,$bb*.,-"('b(b-!b-!+Hb_&"%b'b
%,(b+(,-b&,, ,b+(&b-!b-!+b-(b-!b%,,Hbb

_&"%b",b,"&)%Ib+%"%Ib"'1)',"/Ib(&'")+,'-Ib'b&"%"+Hb
'2('b0!(b'b.,b
(&).-+b-!'(%( 2b'b.,b_&"%Ib'b%&(,-b/+2(2b!,b'b_&"%b+,,Hb '2b
&("%b)!(',b'b -b'b,'b_&"%Hb
+" "'%%2Ib_&"%b0,b%"&"-b-(b,"&)%b-1-b&,, ,Ib.-b-(2b&(,-b_&"%b++,b'b
.,b b(+b(+&--"' b&,, ,Hb!-b&',b_&"%b&,, ,b'b.,b-!b,&b+"!b
&"1-.+b(b&"b,bb) ,Hb (,-b_&"%b++,b%,(b%%(0b,'+,b-(b"'%.b(-!+b
"%b(+&-,b"'b&,, ,b,b--!&'-,Hb_&"%b",b(-'b(/+%(($b,bb(%%(+-"('b
&!'",&b"'b/(+b(b%,!"+Ib&(+b1)',"/Ib'b%,,b+%"%b&!'",&,Hb"-2Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
*5HD9>7

(+b).+)(,,b(b,("%b%+'"' Ib-!"'$b(b-1-"' b,b_&"%b(+b&("%b)!(',Hb -b+,b,("%b
%+'"' b+(&b+%"'b('bb,$-()b(+b%)-()b(&).-+Hbb
'bb).+b,',Ib-1-"' b"'/(%/,b,'"' b,!(+-b-1-b&,, ,b-(bb&("%b)!('b0!+b"-b 


0"-,b)-"'-%2b(+b-!b+")"'-b-(b+b"-Hb "$b_&"%Ib-1-"' b!,b +(0'b"'b,()b'b'b

%!"
"'$!$



"'%.b(-!+b&"b-((Hb

1-"' b",b,)"%%2b.,.%b(+b''(.'&'-,b-(b-!(,b'(-b('-"'.(.,%2b(''-b-(b
(-!+b,("%b&"Hbb

+C5
D1B75D54
=5CC175C
6?B
9==54913I
9>D9=13I
1>4
9=@13D

,b('_-(_('b&,, ,b-(b,$b'b',0+b"'"/".%b*.,-"(',Ib.-b'(-b(+b*.,-"(',b(b
'+%b"'-+,-Hb
(b'(-b.,b_&"%b(+b-1-"' b(+b+(.-"'b&,, ,b-!-b(b'(-b+*."+b,)"%b--'-"('b
+(&b-!b+")"'-Hb bb+,)(',b",b()-"('%b'b-!b,.#-b",b'(-b+"-"%Ib)(,-b-!b&,, b
-(bb",.,,"('b(+.&Hb b'b"&&"-b',0+b",b+."%Ib.,b-!b-%)!('Hb

,b)+"/-b&,, ,b(+b"'-"&2b'b",+-"('Hb,b)+"/-b&,, ,b(+b+,)(',,b-!-b

&" !-b&++,,b-!b+")"'-b"b)(,-b"'bb).%"b",.,,"('Hb

+C5
D5HD
=5CC175C
56653D9F5<I

+b+b#.,-bb0b)("'-,b-!-b(&b"&)(+-'-b0!'b.,"' b-1-"' b'b_&"%b0"-!"'b
_%+'"' Jb

(.,)/H3)/,-& H1"(H-(#(!H/(-)&##.H'--!-Hb "'b2b1)%"'"' b0!(b2(.b
+b'b2(.+b"'-+,-b"'b-!b+")"'-Hb(.b(b'(-b0'-b2(.+b&,, b-+-b,b#.'$b
&"%Hb 'b_&"%Ib&$b,.+b-!b,.#-b%"'b&$,b%+b0!2b-!b+")"'-b,!(.%b+b
-!",b&,, Hb
b&,, b!bW%(&Xb",bb%(-b&(+b%"$%2b-(bb" '(+b-!'b('b
-!-b,2,IbW%(&b-(b(%( 2b'%"'HXb

,0#1H."H'--!H#(H."HG'#&H-/$.H&#(Hb!-b02Ib++,b'b+( '"3b-+.%2b
.+ '-b&,, ,Ib +(.)b,"&"%+b&,, ,Ib'b "'b-!"'$"' b(.-b-!b('-'-b(b-!b
&,, Hb

+/#,H&#0,3H,#*.-H)(&3H#(H-*#&H--Hb*."+b%"/+2b+")-,b(+b_&"%b
('%2b0!+b',,+2Hb(&b(',"+b+")-b+*.,-,bb(+&b(b,'(()"' Hb(b+*."+b
%"/+2b+")-,b"b%"/+"' bb0+'"' b-(bb%+'+Hb(.b&2b'b-(b(.&'-b0!'b
-!b&,, b0,b%"/+Hb

*H'--!-H-"),.H(H.)H."H-/$.Hb'(. !b,"Hb

%H-/,H."H,#*#(.H/(,-.(-H,0#.#)(-Hb',.+b-!-b&,, b,'+,b-$b
"'-(b(.'-b-!b)+(,,"('Ib$ +(.'Ib'b.%-.+b(b-!b+")"'-b(+b,!(+-'"' b
-!b&,, Hb

b




%!"
"'$!$



'$!$
-
(!$


b
#55D
B51<D9=5

+'+,b'b&-b'b++2b('b('/+,-"(',b0"-!(.-b"' b"'b-!b,&b%(-"('Hb!b
('/+,-"('b&2b.,b-1-Ib."(Ib(+b/"(b-(b('/2b&,, ,Hb'%"$b_&"%b'b-1-Ib
0!"!b(b'(-b)+,.))(,b'b"&&"-b+)%2b-(b&,, ,Ib('%"'b&-"' ,b(+b('+',b
'%bb+%_-"&b1!' b&(' b)+-"")'-,Hb
'Ib.'%"$b",.,,"('b(+.&,Ib('%"'b
&-"' ,b+*."+b%%b)+-",b-(b-!b('/+,-"('b-(b)+-"")-b-b-!b,&b-"&Hb!-b",Ib
('%"'b('+',b+b,2'!+('(.,b/'-,Hb

*5HD3?>65B5>39>7
381D

1-_('+'"' b",b(&&('%2b%%b)Hb/+2b2b&"%%"(',b(b '-+'-b.,+,b -b
-( -!+b"'b!-b+((&,b'b"',-'-_&,, "' b,,,"(',b-(b0!"'Ib)('-""-Ib%"+-Ib'b0!(b
$'(0,b0!-Hb!-b'%,b+%_-"&b('/+,-"(',b&(' bb +(.)b(b)()%b(/+bb%(0_
,)b '-+'-b(''-"('Hb!-b%-,b%+'+,b,0)b-2)_"'b&,, ,b(/+bb'-0(+$Hb
!-b,,,"(',b+b%"$b'b"',-'-'(.,Ib+%_-"&b",.,,"('b(+.&Hb(-Jb"(_!-b",bb
(+&b(b/"(_('+'"' bO)Hb<::PHb

'b('%"'b%+'"' Ib!-b'b)+(/"bb$b!''%b(+b*.,-"(',b'b$b.+"' bb

&-"' bO)Hb<>APHb!-b'b%,(bbb,)+-b/'-Ib,.!b,b"'bb,-.2_ +(.)b&-"' Hb

+b0b,b-!b",.,,"('b&(' b%+'+,b
0-!"' bb&(',-+-"('Hb(-"b!(0b-!2b%+"2b
0!-b",b ("' b('Mb
b
b
b
b
b
b
b
!",b!-b(.+,b0"-!"'b'b%%.&"'-b&-"' Hb
b

!-b'bb"&)%&'-b/"b!-_+((&b(+b"',-'-_&,, "' b-((%,Ib'b",bb(&&('b

-.+b"'b&'2b/"+-.%_%,,+((&Ib('%"'_&-"' Ib'b,("%_'-0(+$"' b-((%,Hb -b'b
%,(bb"&)%&'-b"'b&"+(_%( "' b(&&'-,b2b))+()+"-%2b- "' b+)%",b
O)Hb<<;PHb

!-b('/+,-"(',b+b"&&"-b'b,)('-'(.,Hb.-b-!2b+b%"&"-b-(b-2)b'b
),-b-1-Hb/+-!%,,Ib&'2b%+'+,b)++b!-b-(b)!('b('/+,-"(',b.,b!-b
%/,bb0+"--'b+(+b-!2b'b(',.%-b%-+Hb

!b.,b(b!-b,,,"(',b"'b%+'"' b",b"+'-b+(&b-!"+b.,b(+b).+%2b,("%b).+)(,,Hb
+'+,b'b"',-+.-"('%b," '+,b&"%"+b0"-!b-!b,("%b.,,b(b!-b&2b!/b-(b
#.,-b-!"+b-!"'$"' b-(b.,b!-,b-"/%2b"'b%+'"' Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
'bb-2)"%b!-b,,,"('Ib/+2(2b,,b%%b-!b&,, ,Hb(0/+Ib,(&b!-b-((%,b%%(0b
)+"/-b&,, ,a(',b,'-b+(&b('b)+,('b"'b-!b!-b,,,"('b-(b'(-!+b)+,('b"'b-!b
,,,"('Hb.!b&,, ,b+b,'b2b-!b+")"'-b.-b'(-b2b-!b(-!+,b"'b-!b,,,"('Hb(+b
1&)%Ib-!b-!+b'b,$bb%+'+b-(b++"'b+(&b",+.)-"/b!/"(+b(+bb%+'+b'b
)("'-b(.-bb-2)(b('b-!b-!+V,b,%"a0"-!(.-b%+-"' b-!b0!(%b%,,Hb 

%!"
"'$!$



-85>
D?
EC5
381D
9>
C?391<
<51B>9>7

,b!-b-(b%-b)()%b-b"+'-b%(-"(',b('bb'-0(+$b++2b('bb('/+,-"('Hb,b"-b
0!'b_&"%b'b",.,,"('_(+.&b1!' ,b+b-((b,%(0Hbb+b+b,(&b&(+b$,b'b
$#5),b(+b.,"' b!-b"'b,("%b%+'"' Hb

)b.,b!-Jb
),H-#'*&H)(0,-.#)(-Hb(&b(&&('b.,,b(+b!-b"'%.Jb

%_-"&b*.,-"('_'_',0+b,,,"(',Hbb

+"',-(+&"' Ib-+(.%,!((-"' Ib'b)+(%&_,(%/"' b,,,"(',Hbb

W+%Xb1&"'-"(',Hbb

'-+/"0,b(b1)+-,b2b%+'+,b(+b+,+!+,Hbb

W-.2b +(.)b&-"' ,Xb&(' b-&,b(b%+'+,Hbb
)H*,-)(&#4H&,(#(!Hb,b!-b(+b(-!+b-!'b0!(%_%,,b&-"' ,Hb,b"-b(+b,-.2b
+(.),Ib-&b&-"' ,Ib-.-(+"' b,,,"(',Ib'b)+"/-b&-"' ,b0"-!b-!b-!+Hb+(/"b
b)+(.+b(+b+,+/"' b-"&b,%(-,b('b-!b%,,b!-b,+/+b(+b(+b,--"' b.)bb)+"/-b!-b
+((&Hb'(.+ b%+'+,b-(b.,b)+"/-b!-b-(b(&&.'"-b-(b(-!+b%+'+,Ib)+!),b-(b
,. ,-b-(b-&&-,b!(0b-!b"b"' b",.,,b(.%bb"&)%&'-b"'b-!"+b%,,b
)+(#-Hb )b-!b!-b0"'(0b/"%%b-+b-!b(""%b'b(b-!b%,,b&-"' Hb
'b%-b
%+'+,b,!.%b-!"+b(0'b!-b,,,"(',Hb
),HH-'&&H!,)/*Hb!-b'b,&b)"'.%%2b,%(0b"b('%2b-0(b+b!--"' Hb b&(+b-!'b"/b
(+b,/'b+b!--"' Ib!(0/+Ib"-b'bb"".%-b-(b$)b.)Ib,)"%%2b"b2(.b+bb,%(0b
-2)",-Hb!-b(,b'(-b&'b2(.b''(-b.,b!-b,bb$b!''%b"'bb%+ b&-"' b
O)Hb<>APIb)+(/"b('%2bb0b)()%b+b.,"' b!-b-b('Hb b%+'b-!",b%,,('b0!'b b
,$bb(&)%1b*.,-"('b(b>8b)()%b"'bb&-"' Hb(+b(.-bb&"'.-b'(-!"' b
!))'Hb!'b,.'%2b=_b'b>_%"'b-1-b&,, ,b)(.+b"'-(b-!b!-b0"'(0b'b
-!b0"'(0b 'b,+(%%"' b,(b,-b-!-b'(b('b(.%b+b-!b&,, ,b(+b-!2b
",))+b(b-!b-()b(b-!b0"'(0Hb
),H1"#-*,#(!H.)H."H.",Hb. ,-b-!-b%+'+,b.,b)+"/-b!-b-(b,$bb*.,-"('b(+b
&$bb(&&'-b0"-!(.-b"'-++.)-"' b-!b0!(%b%,,b(+b-(b+&"'b'('2&(.,b+(&b-!b
+,-b(b-!b%,,Hb
)(B.b.,b!-Jb
),H&./,-Hb!-b",b(+b,!(+-Ib,)('-'(.,b-!(. !-,Hb b-!b",b+b)+b-!'b-!-Ib(+b
"b2(.b+*."+b-"&b-(b"'b#.,-b-!b+" !-b0(+,Ib,'b-!b",b,b_&"%b(+b",.,,"('_

b




%!"
"'$!$



'$!$
-
(!$


b
(+.&b&,, ,Hb(-!"' b",b0(+,b-!'b!/"' b-(b+bb,)(+"%%2b,+(%%"' b-1-b
'++-"/a0$0+%2b(&)(,Ib"'.+-%2b-2)Ib'b,2"' b'(-!"' bb-1-(($b(,b
'(-b,2b--+Hb,"' b!-b-(b'++-b-"(',b"'b'b))%"-"('b,!+"' b(+b0!"-(+b
,,,"('b'b%,(bb0$0+Hb/"' b-(b,-()b.,"' b-!b/",.%b))%"-"('b-(b (b-(b-!b!-b
0"'(0b'b-2)bb(&&'-b(+b"',-+.-"(',b"'-++.)-,b-!b%(0b(b-!b-,$b"' b
&(',-+-Hb/+b.,b!-b(+b%-.+,Ib Mb
#."H-&)1H.3*#-.-Hb
%%b)+-"")'-,b&.,-bb ((b-2)",-,Hb-!+0",b-!b('/+,-"('b",b
"%%b0"-!b0$0+b).,,Hb2b-!b-"&bb,%(0b-2)",-b'-+,bb+)%2Ib-!b('/+,-"('b!,b
&(/b('b-(bb(&)%-%2b"+'-b,.#-Hb(b'(-b+%2b('b!-b"b%%b%+'+,b&.,-b-2)b
*."$%2b'b.+-%2b(+b"b+,)(',,b&.,-bb(&)%1Hb

5CD
@B13D935C
6?B
EC9>7
381D
56653D9F5<I

$b,.+b-!-b%+'+,b'b-!+,b.,b!-b"'b02,b-!-b/'b%+'"' Hb/'b-!(,b
0!(b!/b.,b!-b(+b"',-'-b&,, "' b,("%%2b(+b2+,b&2b'(-b+0b'%( ",b-(b
.,"' b"-b(+b%+'"' Hb+b+b,(&b02,b-(b.,b!-b(+b%+'"' Jb

*H".H*,) --#)(&Hb!-b(+b%+'"' b",b'(-b)+,('%b,("%b!-Hb!b%" !-b'-+b
'b!/2b%"+-"' b-!-b+b(&&('b%-b-b'" !-b('b0"--+b+b!+%2b-!b$"'b(b
('/+,-"(',b2(.b0'-b-(b(,-+Hb%)b%+'+,b-(b()-b)+(,,"('%b!/"(+,b-!-b
%b-(b%+'"' Hb

,*,HC-*)(.()/-DH)''(.-H"H) H.#'Hb b2(.b$'(0b0!-b*.,-"(',b2(.b
0"%%b,$b(+b0!-b',0+,b2(.b0"%%b "/Ib)+)+b-!&b"'bb,)+-b-1-_"-(+b0"'(0Hb

-b-!b))+()+"-b&(&'-Ib#.,-b.-b'b),-b-!b(&&'-,b"'-(b-!b!-b0"'(0Hbb

)(#.),H".Hb 'b&(,-b('%"'b&-"' b,2,-&,Ib-!b)+,'-+b(+b!(,-b,,b%%b&,, ,Ib
/'b&,, ,b,'-b)+"/-%2b+(&b('b%+'+b-(b'(-!+Hb(.b&" !-b0'-b-(b0+'b
%+'+,b(.-b-!b-!+V,b"%"-2b-(b/,+()Hb+Ib2(.b&" !-b'(-Hb

0HH.,(-,#*.Hb!-b%/,bb0+"--'b-+',+")-Hb(.b&2b0'-b-(b,/b-!b-+',+")-b
'b)(,-b"-b-(b-!b%,,b",.,,"('b(+.&b,(b-!-b%+'+,b'b(''-+-b('b-!b('%"'b
&-"' b0"-!(.-b!/"' b-(b&$b'(-,b(b0!-b",b,"b"'b!-Hb(0/+Ib-!b-+',+")-b
&2b,&b+.b0!'b+b%-+Hb(&b)+-"")'-,b&2b(#-b-(b,"' b-!"+b(_-!_
.b+&+$,b('b",)%2Hb+'b-!&b!b(b-"&b'b',.+b-!-b)+(/""' b
-+',+")-,b(,b'(-b"'!""-b",.,,"('Hb+Ib-.+'b-!b-+',+")-b"'-(bb,!+b(.&'-b
'b.,b(%%(+-"/b.-!(+"' bO)Hb<;;Pb-(b"-b"-Hb

E49?3?>65B5>39>7


."(_('+'"' b%-,b)+-"")'-,b-%$b0"-!b('b'(-!+Hb
."(_('+'"' b'bb
('.-b2bb)!('b('+'b%%b(+b2b.,"' b-!b '-+'-b-(b(&&.'"-b,)!Hbb

."(b('+',b'bb.,b(+b '+%b'b-+ -b",.,,"(',Ib(+b*.,-"('_'_

',0+b,,,"(',Ib'b(+b)+,'--"(',a0!+b0(+,b%('b+b,.""'-Hb!2b'b%,(b

b
 '$!$
-
(!$



%!"
"'$!$





b
b.,b-(b)+(/"bb)+%%%b."(b!''%b(+b('%"'b)+,'--"(',bO)Hb>Ab'b=<=PIb
0!"-(+b-"/"-",bO)Hb<;>PIb'b))%"-"('b,!+"' bO)Hb<;@PHb

."(_('+'"' b",b-2)"%%2b
)+(/"b2b-!b('%"'b&-"' b 


-((%b.,b-(b)+(/"b(-!+b

%!"
"'$!$



(&&.'"-"('b!''%,b.,b
"'b-!b&-"' Hb
+b",b-!b."(b)++',b
"%( b(1b"'b-!b&-"' b-((%b
%%.&"'-Hb

-85>
D?
EC5
1E49?3?>65B5>39>7
9>
C?391<
<51B>9>7

,b."(_('+'"' b0!'b)()%b'b-(b!+b'b,)$Hb!b"+,-b*.,-"('b-(b',0+b
",Jb!'b(,b,(&('b'b-(b!+b,(&('b%,b,)$Mb,b."(_('+'"' b0!'Jb

').#)(-H,H#'*),.(.;b
b-('b(b/("b'b-%%b.,b0!-!+b-!b,)$+b",b' +2Ib
1"-Ib,Ib(+b#.,-b#($"' Hb
b-1-b-+',+")-b''(-Ib(+b1&)%JbW!+Jb(0V,b"-b
("' Mb +'+Jb .,-b +-HXb ,b-!b%+'+b,-","b(+b#.,-b,+,-"Mb

)/(-H,H#'*),.(.;b(.b0'-b-(b!+b(+b&(',-+-b-!b,(.'b-!-b,(&-!"' b
&$,ab(&).-+b",$b+"/b(+bb!%-!2b!.&'b!+-Ib(+b"',-'Hbb

,(,-H&%H1,#.#(!H),H.3*#(!H-%#&&-b',,+2b-(b(%%(+-b%.'-%2b2b0+"--'b
&"Hbb

"H#-/--#)(H#-H)'*&2;b
b!-b,,,"('b0(.%b+*."+b-((b&.!b-2)"' b'b!/b
-((b&'2b%2,b-!-b+$b-!b('-"'."-2b(b-!b('/+,-"('Hbb

5CD
@B13D935C
6?B
1E49?3?>65B5>39>7


."(_('+'"' b).-,b,-+"',b('b2(.+b%",-'+,Ib2(.+b,)$+,Ib'b2(.+b'-0(+$Hb%'b
!(0b-(b.,b."(_('+'"' b0"-!"'b!.&'b'b-!'(%( "%b%"&"--"(',Hb+b+b
,(&b ."%"',b(+b)+,'-+,b'b(-!+b)+-"")'-,Jb

/H%!,)/(H()#-;b.+'b(b-!b+"(Hb%(,b-!b0"'(0,Hb.+'b(b
.'',,+2b&!"'+2Hb!'b'(-b-%$"' Ib&.-b-!b&"+()!('Hb

/.H&,(,-BH'#,)*")(-H/(.#&H."3H(H.)H-*%Hb'-"+b%,,,b!/b!b-(b%",-'b
-(b"'-+_("b (,,")Ib)+'-,b",")%"'"' b!"%+'Ib'b+$"' b( ,b.,b%+'+,b
"b'(-b$'(0b!(0b-(b&.-b-!"+b&"+()!(',HbH

b




%!"
"'$!$



'$!$
-
(!$


b

/.H').#)(H#(.)H3)/,H0)#Hb((+b."(b(''-"(',b&$b/+2(2b,(.'b(+b
'b&('(-('(.,Hb(bb"-b(/+(+Hb1 +-Hb&(-Hb&b"-b.)Hb

*%H-&)1&3H(H#-.#(.&3;b/'b-!b,-b-%)!('b(''-"('b",b%(0b"%"-2Hb
_'.'_"_-Nb)-b.'&"%"+b-+&,Hb)%%b(.-b0(+,b%+'+,b0"%%b'(-b+( '"3Hb

,/#.HH)G*,-(.,Hb(%b/+"-2b'b(.+b'-.+%%2b0!'b2(.b!/b-0(b
)+,'-+,b0!(b%-+'-b,)$"' Hb!b)+,'-+,b+b%,,b,%_(',"(.,b'b'-.+%%2b
,)$b0"-!b&(+b&(-"('Hb+2b-(b)"$b-0(b)()%b0"-!b/(",b-!-b+b"+'-Hb
&"' bb&'b'b0(&'b",b('b02Hbb

/.H."H'#,)*")(H&)1H(H(,H."H')/.";b )b-!b&"+()!('b#.,-b(.-b(b-!b
+-!b,-+&Hb b+(&&'bb ((b!_&(.'-b&"+()!('Hb

#.H ),H3)/H,-*)(;b(.'b-+/%"' b(/+b'-0(+$,b'bb%2bb,('b(+b
&(+Hb 'b."(_('+'"' Ib,"%'b(,b'(-b%02,b&'b-!-b-!b(-!+b)+,('b",b
0"-"' b(+b2(.b-(b-%$Hb

,945?3?>65B5>39>7

'b/"(_('+'"' Ib",-'-b)+-"")'-,b'b,b'b!+b!b(-!+Hb"(_
('+'"' b%-,b%+'+,b,b-b%,-bb,&%%b/"(b"& b(b-!b)+,'-+Hb(&b,2,-&,b
%%(0b%+ +b"& ,b'b-0(_02b/"0,Hbb

!",b1&)%b(b'b('%"'b
&-"' b,!(0,b/"(_
('+'"' b.,b-(b
&(',-+-bb)!2,"%b
)+(.+b0"-!bb" "-%b
&+Hbb

+'+,b'b!((,b-(b/"0b
#.,-b-!b/"(b(+b-!b'-"+b
&-"' b0"'(0b,!(0"' b
-!b+(,-+b'b!-b+Hb
b
b
b
-"' b('.-b"'b%%.&"'-Hb
b

"(_('+',b+b(&&('%2b.,b(+b&(',-+-"(',Ib+(%_)%2"' b-"/"-",Ib'b(+b
)+,'-"' b$b('b)!2,"%b-"(',Hb
!b*.%"-2b(b-!b/"(b"& ,b/+",b0"%2b'b)',b('b-!b,)b'b(',",-'2b
(b-!b'-0(+$b(''-"('Ib-!b*.%"-2b(b-!b/"(b&+Ib'b-!b&&(+2b'b
)+(,,(+b,)b(b-!b(&).-+,b"'/(%/Hbb

b
 '$!$
-
(!$



%!"
"'$!$





b
(',"+b+.%%2b0!-!+b2(.b'b/"(Ib0!-!+b"-b&.,-bb%"/b+-!+b-!'b)+_
+(+Ib'b0!-!+b"-b&.,-b%(0b-0(b02,Hb

-85>
D?
EC5
F945?3?>65B5>39>7
9>
C?391<
<51B>9>7

!-b,"-.-"(',b#.,-"2b-!b.,b(b/"(_('+'"' Mb,b/"(_('+'"' b0!'b 


)()%b'b-(b,b,(&('b-%$"' b(+b,b(#-,b&(/"' Hb,b/"(_('+'"' b-(Jb

%!"
"'$!$




")1H')0#(!H)$.-Hb,b/"(b-(b1)%"'b!(0bb)"b(b&!"'+2b0(+$,b(+b-(b "/b
"',-+.-"(',b('b+)"+"' b(+b&'").%-"' bb)"b(b*.")&'-Hb

%H*)*&H-'H,&Hb,b/"(_('+'"' b-(b"'-+(.b-!b-!+b-(b+&(-b
%+'+,b'b+&(-b%+'+,b-(b-!b-!+Hb

&#0,H*)1, /&H').#)(&H'--!-Hb,b/"(b-(b&(-"/-b'b(.',%b%+'+,Hb
(b'(-b.,b/"(_('+'"' b0!'bb,"&)%+Ib%,,b1)',"/b%-+'-"/b0(+$,b,b0%%Hb
(',"+b(&"'"' b0!"-(+bO-(b,!(0bb,+",b(b,-"%%b)"-.+,Pb'b."(_('+'"' b
O-(b,+"b-!&PHb+Ib",)%2bb,-"%%b)"-.+b(b2(.+,%b,(b)()%b'b/"0b"-b,b-!2b
%",-'b-(b2(.+b/("b2b."(_('+'"' Hb
0+b-!b-%$"' b!Hb,)"%%2b/("b%(' b/"(b, &'-,b-!-b,!(0b'(-!"' b.-b-!b
-!+b-%$"' Ib-%$"' Ib'b-%$"' Hb 'b"-"('b-(b-!b.,.%b)+(%&,b0"-!b/"(Ib-!b
"'&(.,b-%$"' _!b,!(-b&$,b-!b-!+b,&b (-",-"%Hb
'b-!+b",b'(b/"'b
%+'+,b0-!b-!b-!+b(+b&(+b-!'b:8b(+b;8b,(',Hb

5CD
@B13D935C
6?B
F945?3?>65B5>39>7

"(_('+'"' b+*."+,b+.%b)+,'--"('b'b/'b&(+b&-".%(.,b)+)+-"('Hb
"/b%+'+,b'b",-'-b1)+-,b!%)b-(b',.+b-!2b(&&.'"-b-"/%2b"'b/"(Hb

,*,H."HC-./#);DH%'b!(0b)+-"")'-,b0"%%b+(+b/"(Hb/'b"b-!2b+b
+(,-"' b+(&bb,&%%b."%Ib"b0!+b-!b&+b0"%%b (b'b!(0b-(b%" !-b
-!b,'Hb

.#(HH!))H',Hb
b)+(,,"('%b&+b",b--+b-!'bb/-"('b&(++Ib
0!"!b",b--+b-!'b-!b/+ b(&).-+_,-(+bb&Hb $b,.+b2(.+b&+b
'b(''-b-(b2(.+b(&).-+Hb

#!".H."H*,-(.,H0(&3b+(&b-!b+('-b(+b,%" !-%2b-(b-!b,"Hb"-!+b.,b".,b
%" !-"' b(+b+%-b%" !-b(b'b())(,"' b0%%Hb

#(#'#4H%!,)/(H#-.,.#)(-;H(,b-!b)+,'-+b(+bb,"&)%Ib,--"b
$ +(.'Hb%b-!b$ +(.'b+b!"'b-!b)+,'-+b,(b"-b%%,b(.-b(b(.,Hb
+b#.,-b-!b%" !-,b,(b-!-b-!b$ +(.'b",b+$Hb
b'(",2b$ +(.'b(+b.,2b
,'b-$,b&(+b0(+$b-(b-+',&"-b'b",)%2b'b'b+,.%-b"'b,$"),b"'b-!b)"-.+b
(+b,-.--+"' b"'b-!b,(.'Hb
/("b-!b(&&('b)+-"b(b,!(0"' b-!b)+,'-+b"'b
-!b&"%b(bb+((&b0"-!b)()%b0%$"' b+(.'b"'b-!b$ +(.'Hb/+b)(,b
-!b)+,'-+b(.-((+,b(+b "',-b'b(.-,"b0"'(0b0"-!b%/,b%.--+"' b"'b-!b
+3Hb

b




%!"
"'$!$



'$!$
-
(!$


b

,'H."H-(Hb(,"-"('b-!b&+b,(b"-b0"%%b)-.+b0!-b",b"&)(+-'-Hb(',"+b
-!b,"3b/"(b0"'(0b%+'+,b0"%%b/"0Hb(.b&2b0'-b-(b&(/b-!b&+b$b
-(b%%(0b-!b)+,'-+b-(b&(/b$b'b(+-!b,b"'bb%,,+((&Hb+b2(.b&2b0'-b
-!b&+b%(,+b-(b)-.+b ,-.+,b(+b&(-"(',Hb $b,.+b-!b/"(b"& b
,!(0,bb %"'-b"'b-!b2b(b-!b)+,'-+Hb

.3H."H',Hb (.'-b-!b&+b"+&%2Hb,bb-+")(b-(b+.b,!$Hb("'-b
-!b&+b)+",%2Hb b-!b&+b&.,-b&(/b-(b(%%(0b-!b)+,'-+Ib&$b,.+b
-!b-+")(b!,bb%."b!b-!-b %",b,&((-!%2b'b'b()+-(+b0"-!bb ((b"&Hb

,*,H."H*,-(.,;H%)b-!b)+,'-+b(b-!b,-b#(b)(,,"%Hb',.+b-!-b'(/"b
)+,'-+,b/("b(&&('b&",-$,Hb

,--H."H*,-(.,H-#'*&3Hb
/("b%(-!"' b0"-!b)--+',Hb,b%-b&$.)b'b
(+ (b'2b#0%+2b-!-b%"$+,b'b %"'-,Hb

",-H."H*,-(..#)(Hb+-"b-!b)+,'--"('b0"-!b&+,b+.''"' Hb!'b
+/"0b-!b)-.+b/"(b'b-+2b "'Hb+,'-+,b&2b'(-b+%"3b!(0b%"--%b",b
/","%b"'bb,&%%b/"(b0"'(0b(+b!(0b''(2"' b,(&b(b-!"+b ,-.+,b'bHb
"/b-!&b-"&b-(b%+'b-!",b'0b&".&Hb

,*,H&,(,-Hb!b-"/',,b(bb/"(_('+'b)',b('b-!b!/"(+b'b
-"(',b(b%+'+,a,)"%%2b"b-!2b-"/%2b)+-"")-b"'b-!b('+'Hb

2*&#(H0#)H+/&#.3Hb1)%"'b-(b%+'+,b0!2b-!b/"(b*.%"-2b&2bb%(0+b-!'b
-!2b+b.,b-(b(+b+(,-b-%/","('Hb

&&H&,(,-H.)H%*H."#,H0#)H',-H) b.'-"%b+*.,-b-(b-.+'b-!&b('Hb((b
&'2b/"(b,-+&,b'b%( b-!b'-0(+$b'b",-+-b%+'+,Hb!+b+b0b,,b
"'b0!"!b)()%b'b-(b0-!b&(+b-!'b-0(b(+b-!+b(-!+,Hb

'#(H&,(,-H.)H%*H."#,H0#)H#'!-H-#'*&Hb+'b "',-b'(",2b(+b&(/"' b
$ +(.',Hb

)(/.H."H---#)(H-'))."&3Hb.+"' bb/"(_('+'b)+,'--"('Ib-!b)+,'-+b
'b)+(.+b&.,-b.,b-!b&".&b""'-%2b'b-"/%2Hb+b+bb0b
,. ,-"(',Jb

*H*,-(..#)(-H-#'*&Hb.-b-"%,b"'b,)+-bb) ,b-!-b%+'+,b'b+b
-b%",.+Hb

*H*,)*-H.H"(;H-!+b-!b(#-,b2(.b0"%%b,!(0b!b(b-"&Hb.-b-!&b(.-b
(b&+b/"0b.-b0"-!"'b+&V,b+!Hb+-"b +"' b'b&'").%-"' b-!&Hb

,3H',H(!&Hb b('b)+,('b&.,-b-%$b(+b&(+b-!'bb&"'.-b(+b,(Ib
)+"("%%2b,!"-b-!b&+b' %Hb/b-!b)+,('b0%$b+(.'Hb.-b02b(+b)'b
-(b'b(#-b-!b)+,('b",b,+""' Hb ',+-bb+-"('b,!(-b,!(0"' b-!b,-."(b
."'b%",-'"' Hb,b%(,_.),b-(b,!(0b-"%,Hbb

)0H-'))."&3H(H*,#.&3;H (/b"'b%."Ib,-2Ib)+"-%b&(-"(',Hb-+-b
'b"'",!b&(/&'-,b,%(0%2Hb(b'(-b"'1)%"%2b,!"-b-!b&+b)(,"-"('Hb $b

b
 '$!$
-
(!$



%!"
"'$!$





b
%%b&(/&'-,b,&b'-.+%b'b%( "%Hb+'b(b,!"-,b(b%(%HbWV+b'(0b ("' b
-(b-!b0(+$,!()b-(b,!(0b!(0b-(b))%2b-!,b",HXb

9C3ECC
1CI>38B?>?EC<I




",.,,"('b(+.&,b+b'(-!+b '-+'-b(%%(+-"('b&!'",&b-!-b!,b(.'bb+(%b"'b

%!"
"'$!$



,("%b%+'"' Hb,''-,b(b(&).-+b.%%-"'b(+,Ib_&"%b%",-b,+/+,Ib'b '-+'-b
'0, +(.),Ib-(2V,b-!+b",.,,"('b(+.&,b,.))(+-b,()!",-"-b(%%(+-"('Hb
!"+b*."/%'-b",b'b"'- +%b)+-b(b&(,-b/"+-.%_%,,+((&b'b%( "' b-((%,Hbb

'%"'b",.,,"('b,-+-,b0!'b('b)+,('b)(,-,bb*.,-"('b(+b'b()"'"('Hb-!+,b+b"-b
'b--!b+)%",Hb!'b,-"%%b(-!+,bb(&&'-,b-(b-!b+)%",Hb!b,*.'b(b
(&&'-+2b'b (b('b"'"'"-%2Hb

'b-!",b1&)%Ib0b
,bb%+'+V,b)(,-b
"''-b'-!b-!b
(+-(+V,b)(,-Hbb

)%2"' b-(b-!b
%+'+V,b)(,-b+*."+,b
()'"' b-!b)(,-b'b
%"$"' b-!b)%2b
.--('Hb

b
",.,,"('b+-b"'b ((%Hb

!",b)--+'b(b"''-b&,, ,b",b%%bb)'Ib'b +-%2b,"&)%"",b(%%(0"' b

('/+,-"(',Hb!b"b(b-!b-!+b",.,,"('b(+.&b",b,"&)%Hb
b%+'+b,,b'b
"''-b%",-b(b&,, ,Hb(b+)%2b-(bb&,, Ib-!b%+'+b,%-,b"-Ib)+,,,bb+)%2b
.--('Ib'b-!'b(&)(,,b-!b+)%2b"'bb-1-b0"'(0Hb

-85>
D?
EC5
49C3ECC9?>
6?BE=C
9>
C?391<
<51B>9>7

b-!+b",b'b.',.' b!+(b"'b_%+'"' Ib"-b",b-!b!.&%b",.,,"('b(+.&Hb +'+,b
+*.'-%2b"-b",.,,"('b,b-!b,-b)+-b(b-!b(.+,Ib'b"-b",b'(-b.'.,.%b(+b
('/+,-"(',b-(b('-"'.b&('-!,b-+b-!b(+&%b'b(bb(.+,Hb",.,,"('b-"/"-",b
0(+$b0%%b(+b,.#-,b-!-b"'/(%/b(%%(+-"('Ib-&0(+$Ib'b' (-"-"('b&(' b
&.%-")%b%+'+,Hb",.,,"('b(+.&,Jb

.H&,(,-H#(.,.H1#."H"H).",b/'b-!(. !b-!2b&2bb9:b-"&b3(',b)+-Hbb


&&)1H#-/--#)(-H.)H)(.#(/H-H&)(!H-H(--,3Hb('/+,-"(',b(b'(-b!/b-(b
,-()b-b-!b%,,+((&b((+Hb",.,,"('b(+.&,b$)b%+'+,b'b-!b-!+b-%$"' b
-0'b,!.%b%,,b/'-,Hbb

b




%!"
"'$!$



'$!$
-
(!$


b

#0H0,3)(HH"(H.)H$)#(H#(Ib/'b-!(,b0!(b&" !-b'(-b('-+".-b"'b%,,Jb,!2b
)()%b-((b)(%"-b-(b"'-++.)-b(-!+,Ib-!(,b0"-!b%"&"-b%' . b,$"%%,Ib-!(,b0"-!bb
,)!b"&)"&'-b(+b2,%1"Ib-!(,b,"--"' b"'b-!b$b+(0Ib-!(,b0"-!b,(-b/(",Ib
-!(,b).-b(b2b%(.b/(",Ib'b-!(,b0!(,b,!.%,b+.%b(.-b%,,b&-"' ,Hb

,)0#H-)(G&(!/!H&,(,-HH"(H.)H*,.#H&(!/!H-%#&&-Hb.!b%+'+,b
'b-$b-"&b-(b"'-+)+-b&,, ,Ib.,"' bb"-"('+2b"b',,+2Ib'b-(b(&)(,b
'b!$b+)%",Hb

(&H&,(,-H.)H#-/--H0,3H.)*#H) H#(.,-.Hb 'bb%,,+((&Ib-!b%,,b''(-b
0,-b-"&b%"' b0"-!b",,.,b(b"'-+,-b-(b('%2bb0Hb 'bb",.,,"('b(+.&Ib"-b-$,b
('%2b-0(b%+'+,b"'-+,-b"'b-!b,.#-b-(b,-+-bb)+(.-"/b",.,,"('Hb

()/,!H /&&H,-*)(--Hb!+b",.,,"('b(+.&,b%%(0b-"&b-(b(&)(,b
+,)(',,Ib&"'-"'b,)+-b-!+,b(+b(' ("' b,.#-,Ib%-b/+2('b-%$b-b('Ib
'b'b&' b",.,,"(',b&(' b!.'+,b(b)+-"")'-,Hb

5CD
@B13D935C
6?B
49C3ECC9?>
6?BE=C

+b+b,(&b,-b)+-",b-(b!%)b2(.b -b-!b&(,-b(.-b(b",.,,"('b(+.&b-"/"-",Jb

H"H.",b0"-!bb)+(/(-"/b,--&'-b(+b*.,-"('b-(b -bb('/+,-"('b
,-+-Hb(+b"',-'Ib,-+-b0"-!b()'_'b*.,-"(',b-!-b(b'(-b"&)%2bb,"&)%b
',0+Hb

),.H/.H)H().H(-),b&,, ,Hb.+b "',-b' -"/b!/"(+,Ib.-b(b'(-b
&"+(&' b('/+,-"(',Hb!+ b-!b'-"+b +(.)b0"-!b-!b+,)(',""%"-2b(+b
'(+"' b ((b'-"*.--Hb

(!H."H)(0,-.#)(b,b"-b/%(),Hb+(Ib)+(/($Ib'b)+(&)-b)b
",.,,"(',Hb('-"'.%%2b,$IbW!2b(b2(.b,2b-!-MXb'bW!-b%,MXb
(+b&(+b,-b)+-",Ib,b-!b,-"('b('b," '"' b'b&(+-"' b('%"'b",.,,"('b
-"/"-",bO)Hb<@;PHb

B?1431CD
C@?B1493
=5CC175C

("%b%+'"' b"'%.,b&$"' b''(.'&'-,b-(bb%+ b +(.)b(+b-(b-!b0(+%b"'b
'+%Hb 'b-!b),-Ib,.!b''(.'&'-,b0+b!'%b0"-!b-!b*."/%'-b(b'b_&"%b
%,-Ib.-b'(0b+b&(+b%"$%2b-(b(.+b.,"' bb&"+(_%( "' b)"%"-2bO!"'$b0"--+HPb
-!-b$),b-!b''(.'&'-,b0%%b(+ '"3b'b%%(0,b(+b+)%",b+(&b+")"'-,Hb

%-!(. !b-!",b)"%"-2b",b.,b&(,-%2b(+b,!(+-Ib,"&)%b-1-b&,, ,Ib"-b&2b"'%.b
%"'$,b-(b%(' +b&,, ,b'b-(b(-!+b&"Ib,.!b,b +)!",b'b/"(Hb
b

b
 '$!$
-
(!$



%!"
"'$!$





b

+b0b,bb&"+(_
%( "' b,+/"b.,b(+b
-0(b$"',b(b,)(+"b
&,, ,Jbb-")b(b-!b2b
'bb)(%%b*.,-"('Hb


%!"
"'$!$



)(+"b+(,-b&,, ,b'bb.,b(+b(-!b%"+-b'b,)('-'(.,b
(&&.'"-"(',Ib(+b1&)%b-(Jb

$b(.+,b''(.'&'-,Hb,b+(,-b&,, ,b(+b'0,b'b+&"'+,b(b
))+(!"' b-,-,Ib"&&"''-b%"',Ib.)(&"' b/'-,Ib,!.%b!' ,Ib .,-b
,)$+,Ib'b(-!+b'0,0(+-!2b"-&,Hb

+bb"%2b-")Ib/(.%+2b0(+Ib-Ib,--",-"Ib)+(.+Ib(+b)+"'")%Hb

!+b'b"',)"+-"('%b,-(+2Hb

+(/"b%,,_0"b$Hb

(%%b-!b%,,b('b'b",,.Hb

(++-bb,+"(.,b)+(%&b(+b0",)+b&",(')-"('Hb
+'+,b'b.,b+(,-b&,, ,b-(Jb

.%",!b+%_-"&b'(-,Hb


,$b*.,-"(',b-b'2b-"&Hb

'"-"-bb",.,,"('b-b'2b-"&Hb

!+b%"'$,b'b+,(.+,Hb

'(+&b%%(0b-&b&&+,b(b"'"/".%b)+( +,,Ib*.,-"(',Ib(+b('+',Hb

+C5
2B?1431CDC
6?B
C81B9>7
 
9>6?B=1D9?>

+(,-"' b&,, ,b-(b'-"+b +(.),b'b(/+%(0b&,, b0"'(0,b'b(/+0!%&b
'1"(.,b%+'+,Hb,b+(,-b&,, ,b('%2b(+b"'(+&-"('b"&)(+-'-b-(b-!b0!(%b
+(.)b+"/"' b"-Hb

b




%!"
"'$!$



'$!$
-
(!$


b
)(B.H,)-.H-*'Hb+(,-"' b.'0%(&b&,, ,b",b0!-b0b%%b,)&&"' Hb
!+,b'b"%"--(+,b,!(.%b,)%%b(.-b0!'b%+'+,b,!(.%b+(,-b&,, ,b-(b-!b
0!(%b%,,b'b0!'b'(-Hb +'+,b0",!"' b-(b(&&.'"-b0"-!b%%b(-!+,b,!(.%b
(',"+b!(0b-!b&,, b0"%%bb+"/b'b0!-!+b'(-!+b&!'",&Ib,.!b,bb
",.,,"('b(+.&b(+b%( b)(,-Ib&" !-b0(+$b--+Hbb
*H,)-.H'--!-H-"),.;b )b-!&b('",Hb"+-b++,b-(bbb) b(+b
",.,,"('b(+.&b(+b(&)%-b-"%,Hb
)(-#,H&.,(.#0-H ),H)/,-H(()/('(.-Hb!+b+b-0(b(-!+b02,b-(b&$b%,,b
''(.'&'-,b,",b_&"%b(+b&"+(_%( b+(,-,Jb

)/,-H")'H*!Hb b%%b%+'+,b,-()b-b-!b(&b) b('b-!"+b02b"'-(b-!b(.+,Ib
).-b!%"',b(b''(.'&'-,b-!+Hb "'$b-!b!%"',b-(b-"%b1)%'-"(',Hb


(()/('(.H#(H#-/--#)(H ),/'Hb b%+'+,b+ .%+%2b!$b",.,,"('b(+.&,Ib
2(.b'b,-b.)bb,)""b",.,,"('b(+.&b(+b%,,b''(.'&'-,b'b)(,-b
''(.'&'-,b-!+Hb
*H'--!-H),!(#4Hb,-%",!b+.%,b(+b,.#-b!"' ,b'b!,!b- ,b-(b',.+b
-!-b%+'+,b'b"%-+b'b,(+-b&,, ,b-!-b&2b++"/b+(&b"+'-b,(.+,Hb

&?CD
=5CC175
C5AE5>35C

'b,("%b%+'"' Ib)+-"")'-,b&2b'b-(b)(,-bb,*.'b(b-"%b&,, ,b/"%%b
(+b(-!+,b-(b+b'b(&&'-b('Hb!",b)"%"-2b'bb.,b-(b",,.bb,*.'b(b
&,, ,b-!-b+b$)-b/"%%b"'b!+('(%( "%b(++Hb ,, b,*.',b(&)(,b(b
-1-b'b +)!",b+b-2)"%%2b%%b!$(Hb!(,b"'%."' b."(b'b/"(b+b%%b
%$()(Hb!,b&,, ,b+b$)-b/"%%b"'b!+('(%( "%b(++Hb
%( ,b'b)(,-,b+b('/'-"('%%2b.,b(+b)+,'--"(',b"'b
,(+b-"/"-",b,b0%%b
,b,("%%2b(+b%+'+_+-b('-'-Hbb

<?7C



b%( b",b'b('%"'b#(.+'%b('-"'"' b)+"("b(+b,)(+"b'-+",b('bb,)""b,.#-Hb
,, ,b+b)+"&+"%2b-1-b'b +)!",Ib.-b&2b"'%.b/"(b%"),Hb!b-+&b%( b",bb
('-+-"('b(bW0b%( HXbb

b
 '$!$
-
(!$



%!"
"'$!$





b

!",b%( b('b
)!(-( +)!2b
(+,b)+-"%b
-"),b'b
-!'"*.,b-!-b



%+'+,b'b

%!"
"'$!$



.,b-(b"'+,b
-!"+b,$"%%,b,b
&-.+b(+b
)+(,,"('%b
)!(-( +)!+,Hb
b
%( b+-b"'b
.&%+Hb
b

!'"%%2Ibb%( b",b'(-!"' b&(+b-!'bb,-b(b%"'$bb) ,Hbb%( ,b+b&(,-b(-'b

(+ '"3b!+('(%( "%%2b0"-!b&(+b+'-b+-"%,b))+"' b&(+b)+(&"''-%2Ib
-2)"%%2b-b-!b-()b(b-!b!(&b) b(+b-!b%( Hbb

+,b(b%( ,b'bW,.,+"Xb-(bb%( Hb("' b,(b)+(/",b'(-""-"(',b(b'0b+-"%,Hb

(-""-"(',b"'%.b%"'$,b-(b",)%2b-!b+-"%,Hb +'+,b'b.,bbW%( b++Xb-(b
,,b+-"%,b+(&b%%b-!b%( ,b-(b0!"!b-!2b!/b,.,+"Hb
((%,b-(b+-b'b&"'-"'b%( ,b"'%.b(++,,b'b%( +Hb
b,"&"%+b)"%"-2b",b
"'%.b"'b,(&b/"+-.%_%,,+((&b-((%,Hb

'b,("%b%+'"' Ib!/b&,(,-b.,b%( ,b-(Jb


)(+-b)+( +,,b('b(' ("' b)+(#-,Hb

%-b('b%+'"' b1)+"',b2b,!+"' b",(/+",Ib"'," !-,Ib'b*.,-"(',Hb

!+b0(+$b(&)%-b,b)+-b(bb%,,b)+(#-Hb

+-b&"',-+&b(.+,b('-'-b(+b.,b2b(-!+b%+'+,Hb
",-b'b.,b%( ,b-(Jb

b-!b(.+,b2b)(,-"' b(.+,b''(.'&'-,b'b,," '&'-,Hb

(,-b+,(.+,b'b(+b%+'"' b-"/"-",Ib,.!b,b)+,'--"(',Ib+"' ,Ib'b#(_
",Hb

)b%+'+,b('b-+$b2b,!+"' b"'," !-,Ib-"),Ib,(%.-"(',b-(b(&&('b)+(%&,Ib
'b"-,b(b/(.%+2Ib'b)("'-,b,-.'-,b,&b-(b!/b&",,Hb

(,-b,b,-.",b(+b(-!+b-!(. !-b)+(/($"' b"-&,b(+b%+'+,b-(b",.,,Hb

b




%!"
"'$!$



'$!$
-
(!$


b
E49?
@?431CDC


."(b)(,-,b+b%"$b+"(b)+( +&,b(+b%+'"' Hb +'+,b'b%",-'b-(b-!&b'b
%+'+,b'b)+(.b-!&Hbb

+b0b,b'b."(b)(,-b)%2"' b"'b".',Hb!b/",.%b",b
#.,-b-!b&%&b(+b-!b)(,-b,+",Hbb

."(b)(,-,b+b.,b-(b",-+".-b,)($'_0(+b&,, ,b(b
b0b&"'.-,b.)b-(b(/+b'b!(.+Hbb

!b-+&b)(,-b(+" "'%%2b+++b-(b)+( +&,b"'-'b(+b

)%2"' b('b
))%V,b"(Ib-!(. !b-(2b,.!b."(b)+( +&,b
'b)%2b$b('b#.,-b(.-b'2b(&).-+b(+b&("%b/"Hb
b

-85>
D?
EC5
1E49?
@?431CDC
9>
C?391<
<51B>9>7


."(b)(,-,b0(+$b0%%b0!'b2(.b'b(&&.'"-b2(.+b,.#-b.,"' b#.,-b."(Hb
!2b+b,)"%%2b.,.%b(+b%+'+,b0!(b&.,-b"-b-!&b"'-(bb.,2b%"Ib,2b0!'b+""' b
('bb-+"'b(+b('b'b"+)%'Hb V&bb%"--%b('+'b(.-b-!"+b.,b0!"%b+"/"' b'b
.-(&("%Ib.-b-!2b&2bb#.,-b-!b-"$-b(+b" '(+"' b%+"' b,-+' +,b-b-!b 2&Hb

'(-!+b+ .&'-b(+b.,"' bb)(,-b&2bb('(&"Hb -b&2bb,"+b'b*."$+b-(b

)-.+b-!b1)+-",b(b.-!(+"-",b2b!/"' b-!&b-%$b+-!+b-!'b2b+*."+"' b-!&b-(b
0+"-b"-b(0'Hb(&b)()%b+b%.'-b,)$+,b.-b!,"-'-b0+"-+,Hb(b%-b-!&b-%$Hb b
2(.b+b0(++"b-!2b0"%%b+&%Ib+(+b'b"'-+/"0b0!+b2(.b,$b,)""b*.,-"(',b-(b
(.,b-!b+,)(',,Hbb

(,-,b+bb'-.+%b(+b,.#-,b-!-b"'/(%/b,(.'Ib,.!b,b&.,"b(+b%' . Hb!2b
&2b)+(/b&(+b"".%-b"b-!b,.#-b",b!" !%2b/",.%Hbb

.,b."(b)(,-,b+*."+b('%2b,"&)%b."(_+(+"' b'b_"-"' b-((%,b(.'b('b

&(,-b.++'-b(&).-+,Ib-!2b+b"%b(+b%+'+,b-(b)+(.b'b,!+Hb.,b,(&b
%+'+,b&2b"'b,)$"' b,"+b-!'b0+"-"' Ib."(b)(,-,b&2b"%%b-!b,&b+(%b,b
%( ,Hbb

.%"%%2b/"%%b."(b)(,-,b'b%,(b)+(/"b"')''-b,(.+,b(b%+'"' b-(b
-!(,b0!(b'b-(b(-"'b',,+2b)++*.","-b"'(+&-"('Ib1)%(+b,"b,-+&,b(b
"'-+,-Ib(+b (b)+b"'-(b-!b$ +(.'b(+b)!"%(,()!2b(bb"%Hb

(b'(-Ib!(0/+Ib.,bb)(,-b"b2(.+b"b(.%bb,.&&+"3b-(bb) b(b-1-Jb.,bb
%( b"',-Hb
'b,-"$b-(b-.%Ib)+(.+%b"'(+&-"('Hb(.b+b"'b-!b.-"('b
.,"',,Ib'(-b'-+-"'&'-Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
?B=C
?6
@?431CDC

'2b)(,-,b-$b-!b(+&b(b%-.+,b-!-b1)%"'bb,.#-b"+-%2Hb.-b(-!+b(+&,b+b
)(,,"%Hb .,-b%",-'b-(b2(.+b+"(Hb!-b(b2(.b!+Mb

'-+/"0,Hb

"),Hb


%!"
"'$!$




+(.-b+/"0,Hb

+&-"3-"(',b(b+%b(+b"& "'b/'-,Hb

"' b%(.b%"$bW(($,b('b-)HXb

"/b"%b-"/"-",Hb

+")b+)(+-,Hb

.&&+",Ib(/+/"0,Ib'b,2'(),,b(bb"%Hb

0,b,-(+",b'b+,+!b+)(+-,Hb

5CD
@B13D935C
6?B
1E49?
@?431CDC

+b+b,(&b,-b)+-",b(+b--+b.-"('%b)(,-,Jb

*H0,3."#(!H-#'*&<b,)"%%2b"b%+'+,b&2b%",-'b0!"%b+"/"' b-!"+b+,Hb(b
(&)%1b(%%(0_%(' b-"/"-",Ib)%,Hb'b&"'.-,b)+b, &'-Hb(b'(-b+*."+b
0+"-"' b'2-!"' b(0'Hbb

%H1".H3)/H-3H''),&Hb)-Hb"/b&'&('",Hb&)!,"3b$2b)("'-,Hb(,-b
 ,Ib'&,Ib'b(-!+b-"%,b('bbb%(-"('b-!-b%+'+,b'b"'b('b-!"+b(0'Hb

-H)(&3H1),-H.".H&,(,-H&,3H%()1Hb b2(.b"'-+(.bb'0b-+&b(+b(')-Ib
1)%"'b"-Hb

*H."H#(.,)/.#)(H(H&)-H-"),.Ib,)"%%2b"b%+'+,b0"%%b%",-'b-(b,/+%b
)",(,b-b('Hb

)H().H$/-.H'#'#H,#)Hb'-+-"'&'-b)(,-,b+b+"(Hb '(+&-"('%b)(,-,b
&.,-bb&(+Hb(0')%2b-!b&.,"Ib+/++-"' b"'-+(Ib'b(-!+b+"(b-,Hb(b
/+-",&'-,Ib)%,Hb

&.H'/-#H.)H*&-H3)/,H/#(H().H3)/,-& Ib,)"%%2b"b2(.+b."'b,)',b
,/+%b '+-"(',b(+b.%-.+,Hb

%H0)#-H&,H(H*&-(.Hb '/,-b"'bb ((b&"+()!('Hb*.%"3b'b'(+&%"3b
/(",Hb 'bb,(.'_"-"' b)+( +&Ib#.,-b-!b+*.'",b(b-!b/(",b'b#.,-b
/(%.&,b-(bb(',-'-b%/%Hb)$b"'b'b.)-Ib&(-"('%b/("Hb)$b-(bb,"&.%-b
,-."(b."'Hb

'))."H."H &)1Hb!+,b'b+!+,b "'Hb"-b(.-b&",-$,b'b%(' b).,,Hb
'%.b,!(+-b-"),b'b(-!+b)",b-(b,)%"b-( -!+b(+b%(' +b, &'-,Hb

b




%!"
"'$!$



'$!$
-
(!$


b
,945?
@?431CDC

"(b)(,-,b+b,"&)%2b+(+bb)+( +&,bO(+b"%&,Ib"b2(.b)++PHb!2b+*."+b
+(+"' b'b"-"' b/"(Hb"&)%b/"(b)(,-,b'bb)+(.b.,"' bb,"&)%b/"(b
&+b'b-!b/"(b)-.+b'b"-"' b-((%,b."%-b"'-(b&(,-b.++'-b(&).-+b
()+-"' b,2,-&,Hb(b,b ((b'bb1&)%,b(b/"(b)(,-,Ib/","-b".',Ib
(..Ib(+b"&(Hb

!",b/"(b)(,-b
O",)%2b"'b
".',Pb
&(',-+-,bb
)+(.+b0"-!bb
" "-%b)+"'-+Hb

-85>
D?
EC5
F945?
@?431CDC
6?B
C?391<
<51B>9>7

"(b)(,-,b'bb.,b-(b+(+b'b)+,'-b"'(+&-"('b-!-b+*."+,b&(-"('Hb!2b
'bb.,b(+b'2b(b-!b,&b).+)(,,b,b%( ,b'b."(b)(,-,Hb!2b'bb
/"0b2b%+'+,b-(b -b"'(+&-"('b'b+-b2b%+'+,b-(b,!+b"'(+&-"('Hb,b
-!&b0!+b-!b(&"'-"('b(b."(b'b/"(b",b+%%2b'Ib(+b1&)%Jb

&(',-+-"(',b(b)!2,"%b)+(.+,Hb

(%_)%2"' b0!+b(2b%' . Ib)(,-.+Ib ,-.+,Ib'b"%b1)+,,"(',b+b
+."%Hb

+',-,b(b,(-0+b)+(.+,Hb

&(-"('%b&,, ,b'b-(b&(-"/-b(-!+,Hb

5CD
@B13D935C
6?B
F945?
@?431CDC


/#&H)(H/#)H*)-.-Hb"(b)(,-,bb/"(b-(b-!b)"%"-",b(b."(b
)(,-,Hb!b,-b)+-",b(+b."(b)(,-,bO)Hb<;9Pb))%2b-(b/"(b)(,-,b,b0%%Hbb

0HH,-)(H ),H0#);b,b"-b(+b,.#-,b-!-b&.,-bb,'b&(/"' Hb"(b",b,%(&b
-"/b(+b-%$"' _!b+)(+-,b-!-b(.%b0(+$b--+b,bb%( b(+b."(b)(,-Hb

*H-!'(.-H-"),.;b b-!b)+(.+b2(.b+b&(',-+-"' b",b%' -!2Ib(',"+b
+$"' b.)b-!b)+(.+b"'-(b,!(+-+b/"(b, &'-,b(b#.,-bb0b&"'.-,Hbb

b
 '$!$
-
(!$



%!"
"'$!$





b

*H*,)/.#)(H-#'*&Hb(b'(-b-+2b(+bb(%%20((b1-+/ '3Hb,bb,"&)%b,-b
'b%"&"-b&+b&(/&'-,b'b,)"%b-,Hbb

?<<12?B1D9F5<I
3B51D5
4?3E=5>DC




'b(b-!b(+b-"/"-",b"'b,("%b%+'"' b",b(%%(+-"' b('bb)"b(b0(+$Ib,.!b,bb

%!"
"'$!$



.,"',,b(.&'-Hbb
'b&'2b(+&,b(b-&0(+$Ib-!b).+)(,b(b(%%(+-"('b",b-(b+-b'b+-"-b(b/%.b
"'b"-,%Hb 'b,("%b%+'"' Ib0b!/b"-"('%b (%,b(b%+'"' b+(&b-!b)+(,,,b(b
+,+!"' Ib)%''"' Ib+-"' Ib"-"' Ib,,&%"' Ib-,-"' Ib+"-"*."' Ib+"'"' Ib'b
).%",!"' b-!b0(+$Hbb
(%%(+-"' b",b,2b0!'b%%b)+-"")'-,b+b,"--"' b+(.'b-!b,&b-%Hb"-!b",-'-b
%+'+,Ib!(0/+Ib(%%(+-"('b+*."+,b,)"%b&!'",&,b-!-b'%b0"%2b
",-+".-b%+'+,b-(b(%%(+-"/%2b.-!(+b(.&'-,Ib,$-!b" +&,b'b(-!+b
+)!",Ib,!+b(&).-+b))%"-"(',b'b-b"%,Ib'b,!.%b-"/"-",Hb

   
   

("%b%+'"' b(-'b"'/(%/,b(%%(+-"/b0+"-"' b(b(.&'-,Ib)+!),b.,"' b '-+'-_
!(,-b))%"-"(',b%"$b(( %b(,Hb!b(.&'-b'bb-!b)+"&+2b)+(.-b(b-!b
-"/"-2b(+b#.,-bb&',b(b(.,"' b'b,-+.-.+"' b%+'"' b-"/"-",Hb

+bb-&b
&&+b,bb
(&&'-b-(bb
(.&'-b-!b-&b
",b)+)+"' b(+b'b
(' ("' b.,"',,b
,"&.%-"('Hb
b
b
b
b
b
b
(.&'-b!(,-b('b
(( %b(,Hb

(%%(+-"/b.-!(+"' b'bb.,b-(b+-bb/+"-2b(b(.&'-,Ib,.!b,b+)(+-,b'b
0!"-b))+,Ib)+()(,%,Ib,)""-"(',Ib,)+,!-,Ib,%"b)+,'--"(',Ib-,,Ib
)+(#-b)%',Ib%.)+"'-,Ib" +&,Ib."(b'b/"(b)(,-,Ib(.&'-+2b"%&,Ib#(b
",Ib'b&'2b&(+Hb

b




%!"
"'$!$



'$!$
-
(!$


b
-85>
D?
EC5
3?<<12?B1D9F5
1ED8?B9>7
6?B
C?391<
<51B>9>7

(%%(+-"/b.-!(+"' b-"/"-",b+b.,.%b-(b-!Jb

,"b-&0(+$b,$"%%,Ib,.!b,b' (-"-"('Ib(&)+(&",Ib'b/(2Hb

+(,,"('%b",")%"',Ib,.!b,b' "'+"' b'b&' &'-Ib0!"!b+b))%"b,b
)+-b(bb-&Hb

(&)%1Ib&.%-"_,- b-"/"-",b-!-b"'/(%/b"'- +-"' b-!b0(+$b(b,)+-b
"'"/".%,b'b-&,Hb

(&&.'"-"(',b,$"%%,b,.!b,b-!'"%b'b.,"',,b0+"-"' Ib#(.+'%",&Ib/+-","' Hb

,b(bb,!+b-((%Ib%"$b-!b('b.,b-(b.-!(+b-!b(.&'-Hb

5CD
@B13D935C
6?B
3?<<12?B1D9F5
1ED8?B9>7

)b"'b&"'b-!-b(%%(+-"/b.-!(+"' b",b"+'-b+(&b,(%(b.-!(+"' b'b-!-b
_%+'"' b"&)(,,b"-,b(0'b+*."+&'-,Ib-((Hb

b)+-"%Ib.-!(+b.,"' b-((%,b-!-b,-(+b-!b(' ("' b(.&'-b"'bb,!+Ib('%"'b
0(+$,)Hb!-b02b-!b(.&'-b",b'(-b%($b.)b"'b('b)+,('V,b(&).-+a0!"!b
&2bb-.+'b(b(+b (b(%"'Hb

,-%",!b'b'(+bb)+(-((%b(+b0!(b'b0+"-b'b%-+b-!b(.&'-b'b0!'Hb
2)"%%2Ib-!",b+*."+,bb!$(.-b,2,-&b0!+2b('%2b('b)+,('b'b&$b!' ,b
-bb-"&Hb(+bb%(' b(.&'-b(+bb%+ b-&Ib2(.b&2b!/b-(b+$b-!b(.&'-b
"'-(b,)+-%2b"-%b, &'-,Hb

$b,.+b-!-b+-"' b-!b(.&'-b+*."+,b'b1+",,b-!b,$"%%,b2(.b'b-(b
-!a'(-b#.,-b.,20(+$Hb

(%%(0b,-%",!b,-'+,b(+b +&&+Ib).'-.-"('Ib,)%%"' Ib'b., Hb
," '-b,)""b,-2%b .",Hb(.b(b'(-b0'-b-!b-&b0,-"' b-"&b+ ."' b-!b
&+"-,b(b+"-",!b/,Hb
&+"'b,)%%"' ,Hbb

.))%2bb-&)%-b(+b(.-%"'b-(b!'%b",,.,b(b(+ '"3-"('b'b(+&--"' Ib0!"!b
+b'(-b)+-b(b-!b%+'"' b(#-"/Hb

-9;9C


b0"$"b",bb(&&.'%%2b.-!(+b(.&'-Ib-2)"%%2b(&)(,b(b,)+-b'-+",Ib!b
-" !-%2b(.,b('b'b"'"/".%b-()"Hb"-!bb0"$"b,(&('b+-,bb'0b'-+2b(+b
&("",b'b1",-"' b('Hb(&('b%,b-!'b/%.-,b"-,b.+2b'b"&)(+-'Hb
-!+,b&2b+0+"-b-!b'-+2b-(b+"'b(+b1-'b"-Hbb

!b)"-(&b(bb0"$"b",b"$")"Hb Ib2b-!b02Ib",b+(&b-!b0""'b0(+b(+b
W*."$IXb,b"'b*."$b"'(+&-"('Hb
b

b
 '$!$
-
(!$



%!"
"'$!$





b

'b-!",b0"$"b('b)!(-( +)!"b
-!'"*.,Ibb%+'+b"-,b'b
'-+2b+-b2b'(-!+b
%+'+Hb


%!"
"'$!$



-85>
D?
EC5
G9;9C
6?B
C?391<
<51B>9>7

,b0"$",b-(b-!b-&0(+$Ib-(b,!+b/%.%b$'(0% Ib'b-(b."%bb+)(,"-(+2b(b
/+""b"'(+&-"('Hb,b0"$",b-(Jb

-.H(H, #(H#-b2b(&&'-"' b('b-!&b'b+0+"-"' b-!&b-(b"&)+(/b
.+2b'b%+"-2Hb


/'/&.H&,(#(!H)0,H.#'b2b,-%",!"' bb,.#-_,b0"$"b-!-b,.,,"/b
%,,,b'b+"'b'b1-'Hb

)(-)&#.H-*,.H&,(#(!H,-/&.-Ib,.!b,b"'," !-,b+(&b"'"/".%b-&b&&+,b
(+b,._-&,Hb

,*,H'.,#&-H ),H/-H&.,b"'b0(+$b(+b"-"('%b%+'"' Hb(+b1&)%Ib%+'+,b
&" !-b,-%",!Ib&"'-"'Ib'b1-'bb0"$"b-(b,.))(+-b0(+$b"'bb#(b- (+2b(+b
)+(,,"('Hb

,!(#4H)/,-H'.,#&-Ib"'%."' b++'b0(+$,b'b,," '&'-,Hb

"H."H(H.)H#.H-)/,-a'b!(0b-(b(b"-Hb


-HH%()1&!G'(!'(.H ),.b0!'b))%"b-!+(. !(.-b-!b(+ '"3-"('Hb

%H#( ),'.#)(H'),H--#&b-!'b"-b0(.%bb"'bb",.,,"('b(+.&b(+bb%"++2b
(b,)+-b(.&'-,Hb

5CD
@B13D935C
6?B
G9;9C

(b+-b0"$"b'-+",b-!-b(-!+,b0"%%b.,Jb

(&/HH0,#.3H) H(.,#-Hb(b'(-b%"&"-b2(.+b0"$"b-(b'2%()"b+-"%,Hb(',"+b
"'%."' b)+(.+,Ib,)""-"(',Ib-"),b'b,!(+-.-,Ib(/+/"0,b'b,.&&+",Ib
+,+!b+)(+-,Ib,,2,Ib#(b",Ib
,Ib"'," !-,Ib,&)%,b(b-"/b0(+$Ib1+",,b
(&)%-b2b)+/"(.,b%,,,Ib'b%+%2b%%b"-(+"%,Hb

b




%!"
"'$!$



'$!$
-
(!$


b

%H(.,#-H-3H.)H,.,#0Hb"$b-"-%,b'b!"' ,b0"-!b+Hb
b$20(+,b-!-b
,(&('b0!(b',b-!b'-+2b0(.%b.,b-(b,+!b(+b"-Hb

%H(.,#-H-3H.)H/(,-.(Hb+"-b'-+",b,(b-!(,b(.-,"b-!b,)"%",-b"%b0"%%b
.'+,-'Hb
/("b#+ ('b'b.'&"%"+b+/"-"(',Hb

-89D52?1B4C


b0!"-(+b",bb(%%(+-"('b-((%b-!-b,"&.%-,b-!b)+(,,b-!-b(.+,b0!'b-!b
-!+b+0,b('bb0%%_&(.'-b0!"-(+b'b-!'b"'/"-,bb%+'+b-(b('-+".-b-(b
-!b+0"' Hb
%%b)+-"")'-,b"&&"-%2b,b/+2-!"' b+0'b('b-!b0!"-(+Hb 'b
,(&b('%"'b&-"' b-((%,Ib-!b0!"-(+b-.+b'bb.,b,b'b(/+%2b-(b''(--b
,%",Ibb-(.+,Ib/"(b%"),Ib'b/'b,!+b))%"-"(',Hbb

'b-!",b(.+,b('b" "-%b)!(-( +)!2Ib

-!b-!+b)(,,bb*.,-"('b-(bb
%+'+b'b-!'b),,,b('-+(%b-(b-!b
%+'+Hb!b%+'+b-!'b',0+,b2b
+0"' b('b-!b0!"-(+Hb
b
b
b
b
b
b
b
b
b

'b
(b!(-(,!()b"%b",b"' b",)%2b"'b
(b
(''-Hb

+C5
1
G89D52?1B4
6?B
F9CE1<
<51B>9>7

!"-(+,b%-b%+'+,b'b-!+,b,$-!b",b-!2b''(-b1)+,,b"'b0(+,Hb
!"-(+,b+b,)"%%2b"&)(+-'-b(+b(.+,,b"'b,"'Ib' "'+"' Ib&-!&-",Ib
'b(-!+b,.#-,b-!-b&"1b +)!",b'b-1-Hb!"-(+,b+b%,(b"&)(+-'-b(+b-!(,b
0"-!b%"&"-b' %",!b%' . b,$"%%,b'b-!(,b0!(b1)+,,b-!&,%/,b0%%b/",.%%2Hb
(&b(&&('b,.#-,b"'%.Jb

#-/&H**,(Hb!b(%(+Ib%2(.-Ib,!)Ib(+b('-'-,b(b'2b/",.%b",)%2Hbb


,,(!'(.H(H),!(#4.#)(H) H)'*)((.-b(bb,2,-&Hb+-"")'-,b'b+0b'b
"-bb" +&Hbb

",.-H(H!,*"-b,!(0"' b'.&+"%b-+',b'b)--+',Hbb

#-/&H-3')&-b-!-b-!b%+'+b&.,-b%+'b-(b+( '"3Hbb

b
 '$!$
-
(!$



%!"
"'$!$





b
+C5
G89D52?1B4C
3?==E>1<<I

!"-(+,b+b'(-b%"&"-b-(b('_02b)+,'--"(',b-(b),,"/b/"0+,Hb"-!b
0!"-(+,Ib%+'+,b'b-!+,b'b"'-+-Hb +'+,b'b(&)%-bb+0"' b,-+-b
2b-!b-!+Hb!b-!+b(+b%+'+,b'b+"-"*.bb +)!"b2b''(--"' b,)""b)+-,Hb
+-"")'-,b'b&+$b.)bb,%"Ib)!(-( +)!Ib!+-Ib(+b" +&b-(b,. ,-b"&)+(/&'-,Hb 

%!"
"'$!$



(&b,2,-&,b%%(0b%%b&-"' b
)+-"")'-,b-(b+0b-b('Hb b.,b
-!",b(+b/",.%b/(-"' b0!+b%+'+,b
'b)("'-b-(b-!"+b!(",Hb!b
%.++2b(b++(0,b,b1"-&'-b,b
%+'+,b"'"-b'b+/",b-!"+b
!(",Hb

(.',b!(-"Ib.-b"-b'bbb
)+(.-"/b02b(+b"&&"-b
(%%(+-"('Hbb

b

b "+(,(-b(0+("'-b,%"b",b"' b",)%2b"'b
(b(''-Hb

!"-(+,b&$b)(,,"%bb/+"-2b(b(%%(+-"/b-"/"-",Hb+V,bb%",-b(b0!"-(+b
-"/"-",b2(.b'b.,b-(b-"/-bb%,,b'b -b%+'+,b.,-(&b-(b.,"' b-!b
0!"-(+Jbb

(-b/",.%%2b2b%--"' b%+'+,b"'"-b-!"+b!(",b('bb +)!"b2b)("'-"' b0"-!b'b
++(0Ib)%"' bb!$&+$Ib(+b!" !%" !-"' b-!"+b!(",Hbb

",)%2bb&)b'b!/b,-.'-,b0+"-b-!"+b'&,b'b+0b++(0,b-(b-!"+b%(-"(',Hb

+,'-bb +"b0"-!b('b,*.+b(+b!b%+'+b-(b0+"-b',0+,b-(bb*.,-"('Hb


,$b*.,-"(',b/",.%%2Hb/b%+'+,b"'-"2b'b"-&b"'bb)"-.+b2b)("'-"' b-(b"-b
0"-!b'b++(0Hb/b%+'+,b,. ,-b0!+b-(b'/" -b2b)("'-"' b-(bb)%b('bb
&)b(+bb.--('b('bbb) Hb/b%+'+,b"'-"2b++(+,b"'bb",)%2b2b
!" !%" !-"' b+,b(+b"&)+(/&'-Hb

+-bb(%% b2b!/"' b%+'+,b('-+".-b-!"+b(0'b"& ,b-(b%,!b(.-b'b"b(+b
," 'Hb

-b%+'+,b',0+b-,-b*.,-"(',Hb/b-!&b+-b"-&,b('bb,%b2b)("'-"' b-(b-!b
+-"' b-!2b0(.%b "/Hb+b%-b%+'+,b&-!b"-&,b"'b-0(b%",-,b2b+0"' b++(0,b
-0'b-!&Hb -b%+'+,b,%-b+(&b&.%-")%b!(",b2b)("'-"' b-(b-!b!("Hb

+(+&b'bW"',-'-b%)!"Xb,.+/2b2b!/"' b%+'+,b/(-b('bb0!"-(+b,(b-!2b
"&&"-%2b,b!b(-!+Y,b/(-,Hb
,b-!b%,,b",.,,,b-!b",,.Ib%+'+,b'b
!' b-!"+b/(-b,b,(('b,b-!2b0",!Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5CD
@B13D935C
6?B
EC9>7
G89D52?1B4C

!b,+-b-(bb,.,,.%b0!"-(+b,,,"('b",b-!b,&b,b-!-b(+b'2b(-!+b%"/b-"/"-2Jb
+.%b)+)+-"('Hb

,*,H,1#(!-H(H&#*G,.b"'b/'b(b-!b0!"-(+b,,,"('Hb%b-!&b"'-(bb
"%b(+b(%+b2(.b'b,,b.+"' b-!b,,,"('Hb '%.Jbb-1-b(+b*.,-"(',b2(.b$'(0b
2(.b0"%%b,$b(+b(&&'-,b2(.b0"%%b&$Ib(#-,b2(.b0"%%b",.,,Ib,2&(%,b.,b"'b
2(.+b)+(,,"('Ib++(0,Ib(1,Ib'b(-!+b '+"b,!),Hbb

)H().H1,#.H3H"(Hb
/("b!'b0+"-"' b&-+"%,b('b-!b,)(-Hb'%,,b(-!+,b
.''"&(.,%2b +b-!-b2(.b'b0+"-b/+2b% "%2b/+2b*."$%2Ib.,b-!b0!"-(+V,b
-1-b-((%Hb b2(.b&.,-b0+"-b2b!'Ib)+"'-b"'Jb


-.&#-"H)&),H)-b(+b+0"' ,b'b-1-Hb
,," 'b!b%+'+bb",-"'-b(%(+b,(b-!-b

!b('-+".-"('b",b+( '"3Hbb

*H!,*"#-H(H%!,)/(-H-#'*&Hb1-.+b$ +(.',b'b"'-+"-b +)!",b
-$b%(' +b-(b(&)+!'b-!'b,"&)%b(',Hb

 #(H*,)*,H"0#),;b+b+b,(&b+.%,b-(b -b%+'+,b,-+-Hb


-%H&,(,-H.)H.%H./,(-;b%%b-!&b-(b0"-b(+b(-!+,b-(b"'",!b(+b,-+-"' b-(b
+0Hbb

&&H&,(,-H1"(H."3H(H&&H,1H.H)(;b!-b02b'(b('b+,b"'-++.)-"' b
(-!+,Hb

)H().H,#.##4H-)')(H&-B-H,1#(!H-%#&&;b_+0b-!b(#-b(+b-!&b"b2(.b
'b(b--+Hbb

/'',#4H."H---#)(;b
-b-!b'Ib%'b.)b-!b+0"' b-(b+&(/b",+b",b
'b++' b"-b-(b+%-b-!b('%.,"('b(b-!b +(.)Hb!-b02b!b)+-"")'-b+"/,b
b,.&&+2b(b-!b,,,"('Hb

@@<931D9?>
C81B9>7



))%"-"('b,!+"' b%-,b-!b)+,'-+b,!+b)+( +&,Ib0"'(0,Ib(+b-!b'-"+b,+'b0"-!b
(-!+,b"'bb&-"' Hb!b-!+b'b&(',-+-bb)+(.+b(+b)"b(b,(-0+b,"&)%2b
2b+.''"' b"-b('b!",b(+b!+b(&).-+Hb +'+,b,b1-%2b0!-b",b",)%2b"'b-!b,!+b
0"'(0Hb +'+,Ib0"-!b)+&",,"('b(b-!b&(+-(+b(+b-!+Ib'b-$b('-+(%b(b-!b
))%"-"('b'b)+,'-b-(b-!b+,-b(b-!b +(.)Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

+b",b'b1&)%b(bb,!+b
))%"-"('Hb -b,!(0,b-!b/"0b,b
-!b)+,'-+b&("",bb
)!(-( +)!b"'b!(-(,!()Hb!b
%+'+V,b(&).-+b(,b'(-b



+*."+b!(-(,!()b-(b/"0b-!",b

%!"
"'$!$



&(',-+-"('Hb -+b-!b
)+,'-+b&2b!/bb%+'+b
)+(+&bb,"&"%+b)+(.+Hb
b
b
b
b
!b&-"' b-((%b",b
(b(''-Hb
b

-85>
D?
EC5
1@@<931D9?>
C81B9>7

,b))%"-"('b,!+"' b-(b&(',-+-b(&).-+b)+( +&,Ib(&).-+b-Ib)"-.+,Ib'b
(-!+b&-+"%b('bb(&).-+b,+'Hb,b))%"-"('_,!+"' b,,,"(',b-(Jb

&(',-+-b(&).-+b)+( +&,b'b-!b()+-"(',b,$"%%,Ib,)"%%2b(+b)+( +&,b
'(-b+%,b2-b(+b'(-b0"%2b/"%%Hbb

-b%+'+,b/"0b-b"'b))%"-"(',b-!-b+b'(-b('b%+'+,Vb(&).-+,Ib,.!b,bb
-,b'(-b '+%%2b,,"%Hb

-b%+'+,b-+2b(.-b,$"%%,b&(',-+-b2b-!b-!+Hb/b%+'+,b-%$b%(.b,b
-!2b)+(+&b-!b-"/"-2Hb!b-!+b'b-$b(/+b"b%+'+,b"%Hbb

(&)%-b(%%(+-"/b-"/"-",b"'/(%/"' b&.%-")%b%+'+,Hb+"("%%2b%%b('b
%+'+,b-(b('.-b&(',-+-"(',Hb/b!b%+'+b"'b-.+'b)+(+&b('b,-)b"'bb
)+(.+Hb!+bb &b-(b&$bb&.%-"_)%2+b &Hbb

))%"-"('b,!+"' b",b,%(&b,-b'(. !b-(b,!(0b'2b+)"b'"&-"('b(+b%."b&(-"(',Hb

,b"-b(+b&(',-+-"(',b-!-b+*."+b('%2b,"&)%b&(/&'-,Hb

b2(.+b&-"' b,2,-&b(+,b))%"-"('b,!+"' Ib2(.b'b.,b"-b"'b)%b(b(-!+b

)"%"-",b-!-b&2bb&",,"' b(+b"'*.-b"'b2(.+b-((%Hbb
H3)/H&%=H -H**&#.#)(H-",#(!H.)H-",=H
!-b
b0(+b)+(,,(+b(+b-1-b"-(+Hb
!"-(+b
b,%"b(+b+0"' b)+( +&Hb
%"b,!(0b (0+("'-b(+b'(-!+b,%"b)+( +&Hb
b-(.+b b+(0,+Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5CD
@B13D935C
6?B
1@@<931D9?>
C81B9>7


))%"-"('b,!+"' b-$,b+.%b)+)+-"('b'b,&((-!b1.-"('Hb(+b,-b-Jb

",-H."H')(-.,.#)(b.'-"%b"-b%(0,b,&((-!%2Hb +'+,b(b'(-b'#(2b0-!"' b
-!b)+,'-+V,b&",-$,Hb
'b.'+!+,b)+,'--"('b(&&.'"-,b-!-b-!b
)+,'-+b",b.')+(,,"('%b'b(,b'(-b&"'b0,-"' b%+'+,Vb-"&Hbb

",H$/-.H1".H3)/H(H.)H-",Hb!+b'b"'"/".%b))%"-"('b(+b0"'(0b+-!+b
-!'b-!b0!(%b,$-()Hb!+b('%2b('b)+( +&b-bb-"&Hb(b'(-b%-b(-!+b0"'(0,b
(/+b-!b))%"-"('b2(.b+b,!+"' Hb

/#.H/((--,3H*,)!,'-Hb(+b--+b+%""%"-2b'b,)Ib1"-b(-!+b)+( +&,b-!-b
+*."+b(&).-+b(+b'-0(+$b+,(.+,Hb.+'b(b/"(_('+'"' Hbb

-H/#)H.)H(,,.a"b'0"-!b)+&"-,Hb('-"'.(.,%2b1)%"'b0!-b2(.b+b
("' Hb -b%+'+,b!+b,b0%%b,b,b-!b&(',-+-"('Hb)$b,%(0%2b'b%+%2Hb

%%(0b-"&b(+b%+'+,b-(b%",-'b'b.'+,-'Hb

*H-/,#.3H#(H'#(Hb b2(.b +'-b('-+(%b-(b(-!+,Ib-!2b'b()'Ib&("2Ib'b
%-b"%,b('b2(.+b,2,-&Hb(b'(-b!'b(/+b('-+(%b'b%/b-!b+((&Hb

)0H-'))."&3H(H*/-H ,+/(.&3b,(b%+'+,Vb",)%2,b!/b-"&b-(b-!b.)b0"-!b
-!b)+,'-+V,b",)%2Hb
/("b+ "' b0"'(0,b('b-!b,+'Hb b2(.b&.,-b+++' b
-!b,+'Ib,-()b))%"-"('b,!+"' Ib&(/b'b+,"3b0"'(0,Ib'b-!'b+,.&b
))%"-"('b,!+"' Hbb

)81B5
3B51D9?>C

("%b%+'"' b"'/"-,b%+'+,b-(b+-b'b,!+b%+'"' b&-+"%,Ib,.!b,b0+"-"' ,Ib
)!(-( +)!,Ib'b/"(b%"),Hb +'+,b'b%,(b,!+b2b)+(/""' b(-!+,b0"-!b%"'$,b-(b
('%"'b&-+"%,b(+b2b(&"'"' b1",-"' b&-+"%,b"'b(+" "'%b02,Hb +'+,b'b%,(b
,!+b2b&$"' b&-+"%,b'b&,, ,b,"+b-(b"'b2b,," '"' b-!&b- ,b(+b
$20(+,b-!-b(-!+b%+'+,b'b.,b-(b"%-+b&,, ,b'b(-!+b('-'-Hb

9<5
1>4
=5491C81B9>7

"%_,!+"' b'b&"_,!+"' b)"%"-",b%-b," '+,b'b"%"--(+,b,-b.)b('%"'b
%"++",b(b&-+"%,b.,.%b-(b%+'+,Hb(.b&2b!/b.,b-!",b)"%"-2b0!'b2(.b
,!+b2(.+b/-"('b)!(-(,b('b%"$+b(+b#.,-b&.,b2(.+,%b2b0-!"' b!(&b&(/",b
('b(..Hb"%_b'b&"_,!+"' b'b,+/b,bb,"&)%""b0"$"b(+b%,,b,-+.-.+b
(%%-"(',b(b&-+"%,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

+Ib"'b-!b)!(-(_,!+"' b
,"-b%"$+Ib-!b-!+b
,!+,b'"'b)!(-( +)!,b
-!-b0"%%b,+/b,b-!b+0b
&-+"%b(+b'b1+",b"'b



" "-%b)!(-( +)!2Hb

%!"
"'$!$



b
!+"' b'bb('b-!+(. !b).%"b,"-,Ib,.!b,b(..b'b%"$+Hb!+"' b'b%,(bb
('b.,"' b)"%"-",b(bb/"+-.%_%,,+((&b,2,-&Ibb,("%_'-0(+$"' b,"-Ib'b('%"'b
&-"' b-((%Ib(+bb('-'-b&' &'-b,2,-&Hb b-!b'.&+b(b"%,b",b,&%%Ib2(.b'b#.,-b
).-b%%b-!b"%,b"'bb,!+b('%"'b(%+b(+b)(,-b-!&b-(bb",.,,"('b(+.&Hb

(+b,("%b%+'"' Ib-!b (%b",b-(b&$b"-b,2b(+b&&+,b(bb +(.)b-(b,!+b(.&'-,b

'b&"Hb
b,('+2b).+)(,b&2bb-(b)+(/"b&-+"%,b-!-b%+'+,b'b(&"'b
-(b+-b'0b%+'"' b&-+"%,Ib,(&-"&,b%%b"(*%(Hb

)81B5
69<5C
1>4
=5491
D?
1CC9CD
<51B>9>7

'b,("%b%+'"' Ib0b'b-(b,!+b&-+"%,b+(&b-!b-!+b,b0%%b,b&-+"%,b
('-+".-b2b%+'+,Ib,.!b,Jb

+,'--"(',Ib%-.+,Ib,)!,Hb

(+b",.,,"(',b'b-,Hb

(.&'-+2b"%&,Hb

-(+",Hb

(&0(+$b)(,-b(+b+"-"*.Hb

(+$b,&)%,Hb

+',-,b(b(&).-+b)+(.+,Hb

"(,b&(%"' b,"+%b!/"(+Hb

&(',-+-"(',b(b)!2,"%b)+(.+,Hb

&)%-,b(+b0(+$b)+(.-,Hb

)+,!-,b(+b(&)%1b%.%-"(',Hb

(+$b+(&b)+/"(.,b%,,,Hb

(-,b+(&b%,,b&-"' ,Hb


+!"/,b(b(+.&b",.,,"(',Hb

%")_+-b'b(-!+b+0b&-+"%,b(+b-"/"-",Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5CD
@B13D935C
6?B
C81B9>7
69<5C
1>4
=5491

$b"-b,2b(+b%+'+,b-(b"'b'b.,b,!+b"%,b'b&"Jb

$b,.+b2(.b!/b+" !-,b-(b,!+b&-+"%,Hb,)-b-!b"'-%%-.%b)+()+-2b(b
(-!+,Hb $b%+b!(0b%+'+,b'b-!+,b'b.,b-!b,!+b&-+"%,Hb

"&)%"2b"'"' b'b&-+"%,Hb
,," 'b$20(+,b'b(-!+b&--b-(b'%b
%+'+,b-(b,+!b(+b-!b"%,b-!2b'Hb

%b"%,b%+%2Hb $b%+b0!-b-!b"%b('-"',Ib"-,b"%b(+&-Ib'b0!-b
))%"-"('b'b()'b"-Hb

"'-"'b-!b+)(,"-(+2Hb+"("%%2b+&(/b(.--b'b.)%"-b"-&,Hb

)?391<
2??;=1B;9>7

("%b(($&+$"' b",b-!b)+(,,b0!+b"'"/".%,b(+b +(.),b'b+-b'b,!+b%",-,b
(b!2)+%"'$,b-(b.,.%b('%"'b+,(.+,Hb("%b(($&+$"' b'bb('b0"-!b).%"b
-((%,b,.!b,b%""(.,b(+b#.,-b2b+-"' bbb) b('-"'"' b-!b%"'$,Hb("%b
(($&+$"' b,+/,b&'2b(b-!b,&b.'-"(',b,b"%_b'b&"_,!+"' Ib1)-b-!-b
0"-!b,("%b(($&+$"' b('%2b%"'$,b-(b-!b"%,b+b,!+Ib'(-b-.%b"%,Hbb

+Ib-!b,("%b
(($&+$"' b-((%b"" (b
",b.,b-(b).%",!b%"'$,b-(b
/"b('b!(0b-(b
)!(-( +)!b%,,"b
.-(&("%,Hb

-85>
D?
EC5
C?391<
2??;=1B;9>7
9>
C?391<
<51B>9>7

("%b(($&+$"' b2b"-,%b-!,b-0(b/%.%b%,,(',JbO9Pb&.!b(b-!b"'(+&-"('b
'b$'(0% b2(.b'b",b+"%2b,,"%b'bO:Pb'(-b/+2-!"' b('%"'b",b*.%%2b
.,.%Hbb

b
 '$!$
-
(!$



%!"
"'$!$





b
'b,("%b%+'"' Ib2(.b'b"'(+)(+-b,("%b(($&+$"' b"'-(bb+' b(b-"/"-",Ib,.!b
,b-!,Jb

+'+,b('.-b('%"'b+,+!b'b+)(+-b,-b,(.+,b(b"'(+&-"('Hb

+'+,b(%%-b/"'b(+b'b "',-bb%"&Ib)%'Ib(+b)+()(,%Hb


,bb +(.)Ib%+'+,b'(&"'-Ib",.,,Ib'b/(-b-(b,%-b-!b,-b%"'$,Hb


%!"
"'$!$




!+,b'b%+'+,b).%",!b+"' b%",-,b(+b-()",b(b"'-+,-Hb

+'+,b(&)+b-!"+b%",-,b(b%"'$,b-(b-!(,b)+)+b2b-!b-!+b(+b2b1)+-,Hb

+'+,b,'b%"'$,b-(b+"',-(+&b)(,,"%b)+(#-,Hb

+'+,b,-%",!b'b&"'-"'bb%"'$_%"++2b-(b,.))(+-b0(+$b"'bb)+(,,"('b(+b#(b
- (+2Hb

5CD
@B13D935C
6?B
C?391<
2??;=1B;9>7


#-/--H(H*/&#-"H,#.,#H ),H1"#"H&#(%-H.)H#(&/Hb+"-+"b&2b"'%.b
.+2Ib,.))(+-b2b+" (+(.,b+,+!Ib(&)%-',,Ib'b)(%"-"%b'.-+%"-2Hb

/!!-.H.!),#-H) H%()1&!H.)H#(&/Hb!"%b'(-b+,-+"-"' b0!-b%+'+,b'b
(($&+$Ib "/b,(&b,. ,-"(',b(b-2),b(b"'(+&-"('b-!-b)+-"")'-,b&2b"'b
!%).%Ib,.!b,Jb

/+/"0,Ib"'-+(.-"(',Ib'b,.&&+",Hb

,+!b+)(+-,b'b))+,Hb

.-(+"%,b'b-+"'"' b"'b-!b"%Hb

-'+b++'b0(+$,b"'b-!b"%Hb

%,,"b(($,b'b))+,Hb

('-+,-"' b()"'"(',b'b",,'-"' b/"0,Hb

"%"( +)!",b'b+"' b%",-,Hb

)(#.),H&,(,-EH1),%Hb $b,.+b-!-b%+'+,b!/b-.%%2b+b'b.'+,-((b
"-&,b-!2b,. ,-b"'%."' Hbb

/&#-"H&#-.-H) H&#(%-Hb!,b%",-,b'bb.,b2b(-!+b%,,,Ib2b-!b(+ '"3-"('b,bb
0!(%Ib(+b2b-!b).%"Hb

*1779>7
?B
;5IG?B49>7
9D5=C

'b(b-!b,"&)%,-Ib2-b&(,-b-"/Ib02,b-(b(%%(+-b"'b+-"' b('-'-b",b-(b%%b
&,, ,Ib(.&'-,Ib'b&"b%&'-,b"'bb02b-!-b"'-"",b-!b"-&V,b+%/'b-(b
-!b%+'"' b(+-Hbb(b-!",b2b&"' b- ,b"'-(b-!b&,, b(+b,," '"' b$20(+,b
-(b-!b"%Hb.!b%%"' b&$,b"'(+&-"('b,"+b-(b"'b'b-(b(&"'Hb -b'b%,(b
,. ,-b+%-"(',!"),b&(' b,)+-b)",b(b"'(+&-"('Hb

b




%!"
"'$!$



'$!$
-
(!$


b

'b-!",b0"--+b1!' Ib-!b!,!b
(bE!.,:8:b",b.,b"'bb&,, b
'b"-,b+)%2Hb2b"%-+"' b('b-!b!,!b
(Ib-!b%+'+b",b%b-(b,b%%b-!b
&,, ,b-!-b"'%.b-!-b!,!b(Hb
2b"'%."' b-!b(Ib-!b&,, V,b
.-!(+b',.+,b-!-b-!b&,, b",b
,'b2b(-!+b"'-+,-b%+'+,Hb

b
'b(b-!b,"&)%,-b02,b-(b%%b"'(+&-"('b",b-!b!,!_- b-.+b"'b0"--+Hb(b% bb
&,, Ib-!b.-!(+b"'%.,bb%%b"'b-!b&,, b"-,%Hb!b%%b "',b0"-!b-!bWEXb
!+-+Ib0!"!b",b%%bb!,!b!+-+b(+b)(.'b," 'Hb(+b1&)%Ib-(b%%b,(&-!"' b
,b+%/'-b-(b-!b:89:b%2&)",Ib2(.b&" !-b- b"-b0"-!bWE:89:%2&)",Xb(+b-!b%"$Hb
-!+,b0!(b0'-b-(b,b&,, ,b(.-b-!b:89:b%2&)",b0(.%b()-b-(b+"/b'2b
&,, ,b-!-b"'%.b-!-b- Hb!2b0(.%b+"/b2(.+b&,, ,b- b0"-!b
W:89:%2&)",Xb'b&,, ,b(b'2(2b%,b0!(b.,b-!-b- Hb (+b'b&(+b,("%b
'-0(+$"' b-((%,b+b()-"' b-!",b!,!_- b('/'-"('Hb
!b(%+b&-!(b(b- "' b"'(+&-"('b",b2b"'%."' b$20(+,b-!-b,+"b-!b
"'(+&-"('Hb!",b"'(+&-"('b",b.,.%%2b'-+b"'b-!b&--b"%b(+b-!b(.&'-Ib
"%Ib(+b) Hb +'+,b'b-!'b,+!b(+b"-&,b-!-b"'%.b-!(,b$20(+,Hb

#1C8E@C

(*%(b(&"'b'b'!'b%+2b/"%%b&-+"%,b'b,(.+,b"'-(bb'0b
+"/-"/b0(+$Hbbb

(+bb,"&)%b1&)%Ib(',"+b(( %b ),Hb,+,b'b,-+-b0"-!bb,"b&)Ibb)"',b

'b(-!+b,2&(%,b-(b&+$b," '""'-b%(-"(',Ib)+(/"b(&&'-+2b(+b-!,b%(-"(',Ib
'b,)+"'$%b('b (- b)!(-( +)!,b(b,"-,b"'b-!b+b(b-!b&)Hb!b+,.%-"' b
'!'b&)b'bb+/%b-(b(-!+,b('b-!b '-+'-Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

!",b&,!.)b
('-"',b"'(+&-"('b
(%%-b+(&b
/+"(.,b%(-"(',b-(b
)+)+b



)!(-( +)!+,b-(b

%!"
"'$!$



/","-b"'(,.+b
-"('%b ('.&'-b
('b-!b(%(+(_
-!b(++Hb
"&)%b-(b+-Ib-!",b
&,!.)b",bbb
) b-!-b.,,b
"+&b- ,b-(b).%%b
"'b('-'-b+(&b
,/+%bb,"-,Hb

'(-!+b1&)%b",b.,"',,H (/Ib0!"!b)+(/",bb,"' %bb,"-b-(b,,b.,"',,_

+%-b&-+"%,b('b(3',b(b,)+-bHHb(/+'&'-bb,"-,Hb
!'b&-+"%,b(b"+'-b-2),b'b+(&b"+'-b,(.+,b+b(+ '"3b"'-(bb,"' %b
",)%2Ib-!b+,.%-b",b%%bb($'b(+b"-,b+,&%'b-(b-!b,)+-b . ,b'b
+(.-,b"'b+('-b(b-!b+"/+b(bb+Hb

'2b-((%b-!-b'b"'%.b'-0(+$_!(,-b&-+"%,b(+b#.,-b%"'$,b-(b-!&b'bb.,b-(b
+-b-!b$"'b(b&,!.)b.,.%b"'b_%+'"' Hbb
+-"' b&,!.),b",b"'!+'-%2b,("%Hb '"/".%,b'b(',-+.-b(.&'-,b'b",)%2,b
+(&b&-+"%,b+-b2b(-!+b"'"/".%,Hb!b)+(,,b(b"'-"2"' b,(.+b&-+"%,Ib
/%.-"' b-!&Ib%%(-"' b,)b-(b-!&Ib'b'!'"' b-!b+,.%-b&$,bb,.)+b-&b
)+(#-Hb

-85>
D?
EC5
=1C8E@C
6?B
C?391<
<51B>9>7

,b&,!.),b"'b,("%b%+'"' b-(b'!'b'b,!+b/"%%b"'(+&-"('Ib"'%."' b
"'(+&-"('b+-b"'b(-!+b,("%b%+'"' b-"/"-",Hb,b&,!.),b-(Jb

,.HH)/,-H-"),b0!+b%+'+,b'b$)b.)b-(b-b('b.++'-b,," '&'-,Ib
,!.%,Ib'b+"' b&-+"%,a'b0!+b-!2b'b,.&"-b(&)%-b,," '&'-,b
'b+"/b$b('b-!&Hb

b




%!"
"'$!$



'$!$
-
(!$


b

/H."H.#'H&,(,-H1-.H-,"#(!b(+b'b'/" -"' b-(b"'"/".%b,(.+,b(b
"'(+&-"('Hb

"H"#!",H&0&H-%#&&-b2b!/"' b%+'+,b.'+,-'Ib/%.-Ib'b(&"'b
"'(+&-"('b-!2b"'b"'b('%"'b,(.+,Hb

,.H$)H#-b(+b.,b0"-!"'bb)+(,,"('Hb

)'*#&H-/,03H,*),.-b,)''"' bb"%b(b+,+!Ib(&&+Ib(+b+-Hb

5CD
@B13D935C
6?B
=1C8E@C

+-b'b.,b&,!.),b"'b02,b-!-b!%)b&-b%+'"' b(#-"/,Jb

, /&&3H0&/.H'.,#&-b"'%.b"'b&,!.),Hb&&+b-!b b)+"'")%Mb
%%Ib!+b",b'b.)-Jb+ b"'Ib-(1"b,%. b(.-Hb

,1H)(H'.,#&-H*,0#)/-&3H#(.# #b"'b2(.+b"%_,!+"' Ib&"_,!+"' Ib'b
,("%b(($&+$"' b(+-,Hb

-*.H).",-BH#(.&&./&H*,)*,.3b2b+.%%2b,+'"' b()2+" !-b"'(+&-"('Hb(b
'(-b.,b&-+"%,b"'b02,b-!-b0(.%b/"(%-b()2+" !-b(+b+/%b('"'-"%b
"'(+&-"('Hb

(.# 3H."H-)/,-H) H#( ),'.#)(Ib,)"%%2b"b-!2b(&b+(&b(.-,"b2(.+b
(+ '"3-"('Hb

,?D5
1>4
B1D5

+'"' b-"/"-",b(-'b+*."+b%+'+,b-(b&$bb","('Ib1)+,,bb#. &'-Ib(+b+'$b
'b"Hb(%%,b)+(/"bb02b-!-b%+'+,b'b+-b'b/(-b('b"-&,Hb(%%,b+b('_,+'b
",)%2,b-!-b%-b%+'+,b,%-b&(' b%-+'-"/,Hb!b!(",b+b-%%"b'b",)%2b
"'bb(&)(,"-b/"0Hb(%%,b.'-"('b%"$b-!b$2),b.,b2b%+'+,b"'b,(&b"'-+-"/b
/"(b(.+,,b-(b"'"-b-!"+b',0+,b-(b*.,-"(',b)(,b2b-!b-!+Hb'%"'b)(%%,Ib
!(0/+Ib+*."+b'(b,)"%b!+0+Hb

(%%"' b+*."+,b%+'+,b-(b&$b!(",Hb!'"*.,b,.!b,b+')*!8+$)#8$$)(Ib+')*!8
'(%$#(8%(Ib(+b+')*!8($,8$8#(Ib%-b%%b%+'+,b,b + -b-(-%,b(b!(0b-!b +(.)b
/(-Hbb

-85>
D?
EC5
@?<<C
6?B
C?391<
<51B>9>7

(%%,b+b'b-"/b02b-(b'(.+ b%+'+,b-(b+,+!b'b-!"'$b)%2b(.-b",,.,Hb
!2b+b%,(b ((b-(b!%%' b%+'+,b-(b,!)b-!b()"'"(',b(b(-!+,Ib-!+2b+%"3"' b
-!b%"&"--"(',b(b-!"+b(0'b-!"'$"' Hb(%%,b'bbb,)+$b(b"'-+-"/"-2b2b+*."+"' b
-!b%,,b-(b/(-b('b-!b)("'-b.'+b",.,,"('Hb

(%%"' b'bb.,b-(b/%.-b('%"'b%+'"' b&-+"%,b,.!b,bb) ,b'b,"-,Ib

%( b)(,-"' ,Ib)(,-,Ib)+("%,b(b"'"/".%,Ib'b,!+b&"Hb.!b/%.-"(',b'b
)+(/"b$b-(b-!b+-(+b(b-!b"-&Hb(%%,b'b,+/b,b"'(+&%b-,-,Hb(%%"' b'b

b
 '$!$
-
(!$



%!"
"'$!$





b
% b"-&,b0(+-!b%+'"' b'b"'-"2b+,(.+,b(+b.-.+b.,Hb
'Ib)(%%"' b'b,,",-b"'b
+"' Hb
,b)(%%,b-(b(+b!(",Ib&"'",-+b,.+/2,Ib'b-%%2b/(-,Hb+b+b,(&b.,,b(+b
)(%%,b"'b_%+'"' Jb




-H-*)(.()/-H*)&&-H.)H-/,03H&,(,-H#(-.(.&3H)(H(H#--/Hb(+b1&)%Ib%-b

%!"
"'$!$



%+'+,b"b0!-b-!b-!+b,!(.%b",.,,b(+b0!-b-!b%,,b,!(.%b(',"+b"'b
+-+b-"%Hb

-H*)&&-H ),H#(,3H")#-Hb/b%+'+,b/(-b2,b(+b'(b('b"-&,b"'bb!$%",-Hb
('.-bb&($b-+"%b'b!/b%+'+,b/(-b('b-!b ."%-b(+b"''('b(b-!b''-Hb
(%bb-b'b%-b%+'+,b!((,b-!b0"''+Hb

-H*)&&-H.)H-&.H')(!H&.,(.#0H*."-b"'bb,"&.%-"('b(+b &Hb

.H#(-.(.H %b('b!(0b0%%b%+'+,b%b-!2b.'+,-'bb(')-Hb('.-b
(+b'b-+b,.+/2,b-(b&,.+b!' ,b(b()"'"('b(+b$'(0% Hb

).H.)H(,,)1H")#-Hb!'b",.,,b-!b+&"'"' b!(",b'b/(-b "'b-(b,%-b
-!b,-b!("Hb

)(/.H').#)(&H*)&&-Hb
,$b%+'+,b!(0b-!2b%b(.-b'b",,.Hb(+b1&)%Ib.,b
&(-"(',bO,&"%2,Pb-(b+)+,'-b-!b+' ,b(b&(-"('Hb

*I@5C
?6
@?<<C

!+b+b-!+b(+&,b(b)(%%,Jb,)('-'(.,Ib,2'!+('(.,Ib'b,2'!+('(.,Hb

)@?>D1>5?EC
@?<<C

'(+&%b,^(b)(%%,b"'b'b('%"'b&-"' b,$b)+-"")'-,b-(b"'"-b-!"+b!(",b2b
%"$"' bb,#-H"(b.--('Kb(+Ibb-b.--('b-(b"'"-b2,b'bb)b.--('b-(b"'"-bb
'(Hb.!b,)('-'(.,b)(%%,b -b"&&"-b()"'"(',b+(&b%+'+,Hbb

+b",b'b1&)%b(bb,)('-'(.,b
)(%%Hb!b-!+b",)%2,bb,%"b
,$"' b(+b%+'+,b-(b "/bbW-!.&,b
.)Xb"b-!2b0'-b-(b%/b)+b"'-(b
-!b,.#-Hbb

'b"-"('b-(b-!b)(%%b*.,-"('Ib-!b
,%"b('-"',bb +)!"b-!-b+"%2b
+&"',b%+'+,b!(0b-(b"'"-bb
W-!.&,b.)HXb
b
b
b
!b&-"' b-((%b",b
(b(''-Hb
b

b




%!"
"'$!$



'$!$
-
(!$


b
)I>38B?>?EC
@?<<C

2'!+('(.,b)(%%,b!/b%+'+,b)"$b+(&bb%",-b(b%-+'-"/,b'b-!'b,b-!b+,.%-,b(b
-!b + -b/(-"' Hb2'!+('(.,b)(%%,b%-b&&+,b(b-!b%,,b',0+b"'(+&%b-,-b
*.,-"(',Ib&$b+%_-"&b!(",Ib'b/(-b('b",,.,Hb

+b",b'b1&)%b(bb,2'!+('(.,b
)(%%Hb"+,-Ibb,%"b))+,b-(b"'-+(.b
-!b)(%%Hb +'+,b,b-!b*.,-"('b'b
)(,,"%b!(",Hb!'Ib-!b/(-"' b+b
))+,Hb +'+,b-!'b/(-b'b-!b
+,.%-,b+b",)%2b-(b-!b%,,Hb

(b-(b)Hb<;?b-(b,b!(0bb0!"-(+b
'bb.,b(+b,2'!+('(.,b)(%%"' Hb
b
b
b
b
!b&-"' b-((%b",b
(b(''-Hb

CI>38B?>?EC
@?<<C


,2'!+('(.,b)(%%,b+b/"%%b(+b%+'+,b-(b/(-b(/+bb)+"(b(b-"&Ib,2bb0$Ib
(+b-!"+b/(-,b+b-%%"Hb
,2'!+('(.,b)(%%,b%-b%+'+,b+,+!Ib",.,,Ib'b/(-b
('b-!"+b(0'b,!.%Hb(-b-(-%,b&2bb",)%2b-+bb/(-"' b)+"(b(+b('-"'.(.,%2b
,b-!2b!' Hb

'b-!",b1&)%b(b'b
,2'!+('(.,b)(%%Ib0b,$b
%+'+,b-(b,--b!(0b&.!b
-!b(#-"/,b(+bb(.+,b
(/+%)b-!"+b(#-"/,b(+b
,-.2Hb -b",b,2'!+('(.,b,(b
%+'+,b'b!' b-!"+b
()"'"(',b,b-!b(.+,b
)+( +,,,Hb
b
b
b
b
b
b
b
b
."%-b.,"' b
(b+&0/+Hbb
b

b
 '$!$
-
(!$



%!"
"'$!$





b
5CD
@B13D935C
6?B
@?<<C

,b)(%%,b"'b02,b-!-b%-b%+'+,b'-.+%%2b1)+,,b!(",Hb

)&&.H)*#(#)(-H.H."H,#!".H.#'Hb(+b!(",b-b-!b&(,-b+/%"' b-"&,Jb-+b'b
/'-Ib.+"' b'b/'-Ib(+b(-!b(+b'b-+b'b/'-Hb(+b1&)%Ib%-b%+'+,b 


",.,,bb*.,-"('b(+b/(-"' Hb
'b%-b-!&b!' b-!"+b/(-,b"'b+,)(',b-(b

%!"
"'$!$



(&&'-,b"'b",.,,"('Hb

%H-/,H&,(,-H%()1H")1H.)H0).;H '%.b"',-+.-"(',Ib,.!b,JbW%-b2(.+b
!("b'b-!'b%"$b(.,;Dbb,.+b-(b-%%b%+'+,b!(0b-(b++,!b-!"+b/"0b-(b,b-!b
/(-b-(-%,Hb

",-H*,)'*.-H(H")#-H1#."H2.,'H,Hb,-b-(b&$b,.+b%+'+,b.'+,-'b
-!b!(",Hb1)%"'b!(",b-b-!b "''"' b(b-!b-"/"-2Hb,-b2(.+b*.,-"(',b('b
(-!+,b-(b&$b,.+b-!2b%%b"'-+)+-b-!b*.,-"('b-!b02b2(.b"'-'Hb"'b
*.,-"(',b.'-"%b-!2b+b%+Hb

#-*&3H0).H.).&-H)(&3Hb +'+,b&2b!,"--b-(b/(-b"b-!2b%b(-!+,b'b%+'b
!(0b-!2b"'"/".%%2b/(-Hb(0/+Ib-!b-!+b&2b0'-b-(b,b!(0b"'"/".%,b
/(-Hb!-b02b-!b-!+b'b%%b('bb%+'+b-(b,)$b(+bb)+-".%+b)(,"-"('Hb

,%H"(!-H) H)*#(#)(H/,#(!H(H)(!)#(!H0(.Hb.!b%( ,b'b)+(/"bb/%.%b
,(.+b(+b+,+!Hb

#0H&,(,-H.#'H.)H'%H/*H."#,H'#(-Hb(b'(-b(+b-!&b-(b/(-b"&&"-%2b
.)('b+"/"' b-!b*.,-"('Hb -b-!&b-.+'b-!b*.,-"('b(/+b"'b-!"+b&"',Ib-!"'$b(b
'b',0+Ib!' b-!"+b&"',Ib" .+b(.-b!(0b-(b/(-Ib'b(b,(Hbb

+/#,H,-,"H(H(&3-#-H ),H-3(",)()/-H*)&&-Hb,b-!&b-(b)+(/($b+,+!b
'b)+b%+'"' Hb

.H/*H!(,#H*)&&-Hb!-b02b2(.b0"%%b'(-b!/b-(b+-bb%+ b'.&+b(b)(%%,b(+b
+_+-b-!&b!b-"&b2(.b.,bb"+'-b&-"' b,2,-&Hb.-b-!b-.%b*.,-"(',b
('b2(.+b,%",Hb!'b)+)+b)(%%,b0"-!b!(",b,.!b,Jb

,b'b(Hb


IbIb'bbO$2b-(b"-&,b('b-!b,%"PHb


IbIbIb'bHb


IbIbIbIb'bHb

(+Ib!b&Ib'b ,,Hb


-%H)*(G(H+/-.#)(-Hb -b%+'+,b "/b',0+,b'(-b"'%.b"'b-!b)(%%Hb b
+*.'-%2b"'%.bb)(%%b!("b(bW-!+bO'-+b"'b!-PXb-(b'(.+ b%+'+,b-(b
-!"'$b2('b-!b%",-b(b!(",b b)+(/"Hb

b




%!"
"'$!$



'$!$
-
(!$


b
9<D5B
=5CC175C

("%b%+'"' b'b"+_!(,b%+'+,b0"-!bb-(++'-b(b"++%/'-b&,, ,b'b-b-!b,&b
-"&b%/b-!&b'1"(.,b-!-b-!2b+b&",,"' b)+-b(bb/"-%b('/+,-"('b ("' b('b
,(&0!+b('%"'Hb(b!%)b%+'+,b(+ '"3b'b--'b-(b"&)(+-'-b&,, ,Ib',.+b
-!2b+b&"%"+b0"-!b/+"(.,b02,b(b"%-+"' b&,, ,Hb
"%-+"' b%-,b%+'+,b"b0!"!b&,, ,b-(b,b,b('b-!b,'+Ib,.#-Ib(+b,(&b
(-!+b+"-+"Hb"+'-b-((%,b"&)%&'-b"%-+,b"+'-%2Kb!(0/+Ib+-"'b"%-+"' b
)"%"-",b+b(&&('Jb

/-,#H),H )&&)1Hb!b%+'+b&2b%-b-(b+"/b,)(+"b0(+$b).%",!b2b
(-!+,Hb(+b%( ,Ib-!b-+&b",b(*('Kb"'b0"--+Ib"-b",b$!!$,Kb'b"'b(($b"-b",b#Hb
!b).%",!+b(,b'(-b!/b-(b))+(/b-!b+*.,-Hb

 ,#(Hb'b)+,('b'b+*.,-b-(bb(',"+bbW+"'XbO"'b(($b
-+&"'(%( 2PHb'b-!b+*.,-b",b))+(/Ib-!b-0(b+"',b+b&.-.%%2b,.,+"b-(b
!b(-!+V,b)(,-"' ,b'b''(.'&'-,Hbb

b&)%Hb +'+,b&2b0'-b-(b%($b&,, ,b-!2b"'b(',"/Ib",-+-"' Ib(+b#.,-b
.'"'-+,-"' Hb%($"' b",bb,-'+b)+-b(b_&"%b'b,("%_'-0(+$"' b-((%,Hb -b'b
)(,bb)+(%&b"'b,("%b%+'"' b"b%+'+,b"%-+b(.-b-((b&'2b(_%+'+,Hb


!!,!.Hb +'+,b(-'b'b-(b(',(%"-b,-+&,b(b&,, ,b+(&b,)+-b
,(.+,Hb!",b",b0!-b'b_&"%b++b(,Hb -b(+ '"3,b-!b&,, ,b"'-(bb,"' %b
",)%2Ib+ +%,,b(b0!(b,'-b-!&Hb((%,b,.!b,b".',b'b + -b)(,-,b2(.b
,.,+"b-(b"'-(bb,"' %b(+ '"3b%",-Hbb++,b'b%"$0",b%",-b%%b'0b+-"%,b
(+b%%b-!b%( ,b-(b0!"!b2(.b,.,+"Hb(&b(+&b(b + -(+b",b+."%b-(b
(',(%"-b%%b''(.'&'-,b'b(.+,b&-+"%,b"'-(bb,"' %b",)%2a,(&-"&,b
%%bb$#($!b(+b($'Hb

!Hb +'+,b'b"%-+b&,, ,b-(b"'%.b('%2b-!(,b%%b0"-!b,)""b$20(+,b
(+b!,!_- ,bO)Hb<<;PHb

CD12<9C8
1
@?9>D
?6
3?>D13D

'bb&(%b)().%+"3b2b 2)Ib(($Ib'b "'$ 'Ib)()%b'b +(.),b).%",!b
b)+("%b(+b!(&b) b,+""' b-!&b'b,+/"' b,bb)("'-b(b('--Hb!",b)+("%b
,+/,b,b(-!bb,(.+b'bb,-"'-"('b(+b&,, ,b-(b'b+(&b-!b"'"/".%b(+b
+(.)Hb!",b)+("%b(+b!(&b) b+-,b'b('%"'b"'-"-2Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

+b",bb!(&b) b
(+bb(.+,b('b" "-%b
)!(-( +)!2Hb
'b"-"('b-(b-!b 


0%(&b&,, Ib

%!"
"'$!$



-!+b+b%"'$,b-(b
"&)(+-'-b(.+,b
(.&'-,Ib-!b
-!+V,b)+("%Ib
&(.%,Ib'b
+,(.+,Hbb
!+b",b%,(bb'0,b
b'bb%"'$b-(b-!b
%,,b+(,-+Hb
b
b
b
b
b
b
b
."%-b.,"' b ((%Hb

+C5C
6?B
1
@B?69<5
?B
8?=5
@175

'b,("%b%+'"' Ibb)+("%b(+b!(&b) b)+(/",b"'(+&-"('b'b,"&)%"",b
(&&.'"-"('Hb
b,)+-b)+("%b&2bb+-b(+b!b%+'+Ib-!+Ib-&Ib%,,Ib
(.+,Ib'b,!((%Hb

,) #&H ),H /,*)--H (&/H

+'+b %)b(-!+b%+'+,b &Hb

"& "'b-!",b)+,('Hb
%)b(-!+b%+'+,b,,,,b
-!",b)+,('V,b1)+-",b'b
+""%"-2Hb
+(,,"('%b'b&"b
(&)%",!&'-,Hb

+,b(b,)"%b,$"%%b'b$'(0% Hb
'(. !b)+,('%b-"%,b-(b&$b-!b
%+'+b,&b!.&'Hb
!(-( +)!Ib,)"%%2b"b_-(_b
&-"' ,b(+b/"(_('+',b(.+Hb
('--b"'(+&-"('Hb

b




%!"
"'$!$



'$!$
-
(!$


b

,) #&H ),H /,*)--H (&/H

!+b(+b ,-%",!b.-!(+"-2b(+b-!b &Hb

"%"--(+b -!+Hb
%)b%+'+,b"b0!-b
-2)b,,",-'b-(b,$b
+(&b-!b-!+Hb
+(,,"('%b'b&"b+'-"%,b
'b(&)%",!&'-,Hb

+,b(b,)"%b,$"%%b'b$'(0% Hb
!(-( +)!Hb
('--b"'(+&-"('Hb

&b(+b %)b-(b(+&b'b &Hb

(-!+b +(.)b &"'",-+b-!b-&Hb
0"-!"'bb%,,b ((+"'-b-"/"-",b(b
-!b-&Hb
'-"2b-!b-&b-(b-!(,b
(.-,"b-!b-&Hb
&%&b(+b&,(-bO()-"('%PHb
(%Ib&",,"('Ib(+b.'"2"' b)+"'")%Hb
&+,Hb
('--b"'(+&-"('Hb

%,,bO +(.)b +(/"b"'(+&-"('b-(b ," '-"('b(+b'&Hb

(b)()%b -!(,b"'b-!b%,,Hb 2%%.,Hb
-$"' bb b (.+,b&-+"%,Hb
(.+,b

,," '&'-,Hb
-( -!+Pb

(.+,bO-!-b '-"2b-!b(.+,b-(b &b'b'.&+Hb

&2bb-$'b -!(,b0!(b&" !-b0'-b-(b ,+")-"('Hb
2b"+'-b -$b"-Hb #-"/,Hb
%,,,PHb
++*.","-,Hb
(0b-(b'+(%%Hb

!((%b(+b +(/"b"'(+&-"('b-(b &Hb

-+"'"' b %+'+,b-$"' b(.+,,b ",,"('Hb
)+-&'-b +(&b-!b,!((%b'b-!(,b (.+,b-%( Hb
(',"+"' b'+(%%"' b
(%"",b'b)+(.+,Hb
-!+Hb
.%,b'b+ .%-"(',Hb
('--b"'(+&-"('b
b

b
 '$!$
-
(!$



%!"
"'$!$





b
5CD
@B13D935C
6?B
1
@B?69<5
?B
8?=5
@175

,-%",!"' b!%).%b)+("%b) ,b(+b_%+'"' b+*."+,b(.,b('b-!b (%,b(b%+'"' Hb

#0H&,(,-H(H.",-H.'*&.-b0"-!b,%(-,b(+b+(&&'b"'(+&-"('b-(b
"'%.Hb -b%+'+,bb-(b-!b-&)%-b.-b'(.+ b-!&b-(b)+(/"b-!b,. ,-b 


&"'"&.&b"'(+&-"('Hb

%!"
"'$!$




#-)/,!H."H/-H) H*-/)(3'-b(+bW,+'b'&,Xb"',-b(b+%b'&,Hb%,b
'&,b,%(0b-!b/%()&'-b(b-+.,-b'b'b+-b-!b,.,)""('b-!-b,(&b%+'+,b
+b'(-b0!(b-!2b)+-'b-(bHb

*H*,) #&-H*,) --#)(&Hb(&b%+'+,b&2b#.,-b()2b-!"+b(($b)+("%Hb
,",b)+(/""' b02b-((b&.!b)+,('%b"'(+&-"('Ib,.!b)+("%,b(-'b!"b-!b
/+2b-%'-,Ib$'(0% Ib'b,$"%%,b-!-b0"%%b&$b-!b%+'+b/%.%b,b)+-b(bb
-&Hb
'b-!b)!(-(b(b-!b%+'+b!(",-"' bb&+-"'"b %,,b&2b,. ,-b'b
.')+(,,"('%b--"-.Hb

)5D
E@
1>4
14=9>9CD5B
1
D51=
?B
?D85B
7B?E@

("%b%+'"' b-$,b)%b,bb +(.)Hb
,b,.!Ib"-b+*."+,b-!b"%"-2b-(b"'bb,._ +(.)b
(b"'"/".%,b0!(b'b,"%2b,!+b"'(+&-"('b'b1!' b&,, ,Hb)'"' b('b
2(.+b(#-"/,Ib-!b +(.)b&2b(',",-b(bb%,,b0"-!"'bb(.+,Ibb%+'"' b-&Ibb0(+$b
-&Ibb(&&.'"-2b(b)+-"Ib(+bb)+(,,"('%b,,("-"('Hbb

!b)"%"-",b.,b-(b&' b +(.),b/+2b&(' b-((%,Hb $b,.+b-!b-((%,b2(.b.,b

)+(/"b-!b)"%"-",b2(.b'Hb(+b,("%b%+'"' Ib +(.)_&"'",-+-"('b-((%,b,!(.%b
!%)Jb

(+&b +(.),b'b.)-b-!"+b&&+,!")b*."$%2Hb

'%b&,, ,b-(bb"%-+b2b +(.)b&&+,!")Hb

'%bb,"' %b+,,b(+b&,, ,b,'-b-(b-!b0!(%b +(.)Hb

$b&&+b)+("%,b(+b!(&b) ,b/"%%b-(b%%b(-!+b +(.)b&&+,Hb

-b-!b +(.)b('-+(%b,,b-(b&-+"%,b"-b+-,Hb

+(/"b-!b +(.)b0"-!bb +b(b)+"/2b,(b"-b'b%"&"-b0!-b(.-,"+,b,b(b"-,b
)+("' ,Hb

(+&b,._ +(.),b0"-!"'b-!b&"'b +(.)Ib,.!b,bb-,$_-&Ib(&&"--Ib(+b+$(.-b
+(.)Hb

-b%+'+,b%(' b-(b&.%-")%b +(.),Kb-!-b",Ib%%(0b +(.)b&&+,!"),b-(b(/+%)Hb

'%b(%%(+-"/b%'+"' b-(b,!.%b&-"' ,Ib' (-"-b%"',Ib+,+/b
,+b+,(.+,Ib'b(&&(-b"'-++.)-"(',Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

"**
(*(
*$
*

'b,("%b%+'"' Ib%+'+,b-!b!b(-!+Hb 'b).+b,("%b%+'"' b-!+b0(.%bb'(b
'b(+bb-!+Hb b,2bW0(.%bXb.,b).+b,("%b%+'"' b",b'b"%Ib'(-b%"$%2b-(b
(.+b0"-!b.,b%0b!.&'b"' ,Hbb
+Ib'(0Ib"'b-!b&,,2b(%Vb+%b0(+%Ib,("%b%+'"' b&2b'b(.-,"b!%)Hb!",b!%)b
(&,b+(&bb"%"--(+Hb!b"%"--(+b&2b!/bb-"-%b(b"',-+.-(+Ib-!+Ib(+b)+(,,(+Kb
.-b-!b-"(',b(bb"%"--(+b"+b+(&b-!(,b(b-!"' Hb!b"%"--(+V,b+(%b",b-(b!%)b
b +(.)b(b%+'+,b%+'b,("%%2a-!-b",b+(&b!b(-!+Hbb

(&b +(.),Ib"'1)+"'b"'b,("%b%+'"' Ib&2b+*."+b," '""'-b"+-b"'/(%/&'-b

(b-!b"%"--(+Hb-!+,Ib(&(+-%b'b)+(""'-b0"-!b,("%b%+'"' Ib0"%%b+*."+bb
%" !-+b-(.!Hb

,b," '+,Ib0b&.,-b&$b,.+b-!-b"%"--(+,b+b/"%%b'b-!-b-!2b$'(0b-!"+b
+,)(',""%"-",Hbb

569>5
D85
4ED95C
?6
D85
6139<9D1D?B

!b"%"--(+V,b+(%b",b-(b(b0!-/+b",b'b-(b',.+b,("%b%+'"' b(.+,Hb+b+b
,(&b%"$%2b-,$,b(+b-!b"%"--(+Jb

.H/*H!,)/*-Hb '"-"%%2b,," 'b)()%b-(b-&,Hb+(/"b!b-&b0"-!b"-,b"'"-"%b
('%"'b"'-"-2Hb

2*&#(H."H!)&H(H,/&-Hb--b-!b(/+%%b (%b(+b-!b-&Hb)%%b(.-b',,+2b
+.%,Ib+"-+"Ib)+(.+,Ib'b)+(-((%,b-(b -b,-+-Hb("'-b(.-b-!-b-!b +(.)b'b
&$b!' ,b-!-b(b'(-b/"(%-b%0,Ib (/+'&'-b+ .%-"(',Ib(+b(+ '"3-"('%b
)(%"",Hb

H."H!,)/*H.)H)'HH.'Hb"'(+b+,)(',""%"-2b(+b(&)%",!"' b-!b (%b
'b(+b%+'"' b%(' b-!b02Hb. ,-b)(,,"%b-&b+(%,Ib.-b%-b-!b-&b(&b.)b
0"-!b"-,b(0'b+(%,b'b"%%b-!&Hb'(.+ b'b ."b-!b-&b"'b-$"' b('-+(%b(b"-,b
()+-"(',Hb

)(#.),H ),H*,)&'-Hb/"0b&,, ,b'b(&&'-,Hb-!b(+bb!/"(+b2b
"'"/".%,b'b2b-!b-&b,bb0!(%Hb

)&H(H()/,!H-#,H"0#),Hb ",-'b)-"'-%2b'b)%2Hb
&"-b(.-,b
'b%"&"-,Hb",.,,b+-"('%%2Hb+b/"'b(+b()"'"(',Hb

.H."H.'H&,(H ,)'H#.-H'',-Hb/+b)+!b(+b%-.+Hb(b'(-!"' b-(b
&++,,b-&b&&+,Hb(b'(-b-b(+b+ .b0"-!b%+'+,Hb('V-b/,+()b&(+b
-!'b',,+2b-(b&('"-(+b-&b!%-!Hb(b'(-b)+-"")-b"'b,-.'-b-"/"-",b(+b,(%/b
)+-"")'-,Yb)+(%&,b.'-"%b-!2b!/b1!.,-b-!"+b(0'b+,(.+,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

(.,0(H1",H(--,3H.)H(-/,H .#0H&,(#(!Hb"/b-!b-&b-"&b-(b
",(/+Ib",.,,Ib'b+,(%/b)+(%&,b2b-!&,%/,Hb("'-b(.-b-!b)+(%&b)(%"-%2b
'b+*.,-b-!b-&b-(b,(%/b"-Hb b-!b)+(%&b)+,",-,Ib-b","/%2b-(b+,.b
%+'"' Hb

!b&'-+b(+b-!b"%"--(+b,!(.%bbW b&b('b-)Ib'(-b('b-()Hb b&b('b%%Ib'(-b"'b




('-+(%HXb

%!"
"'$!$



CD12<9C8
1
3?45
?6
3?>4E3D

'b,("%b%+'"' Ibb(b(b('.-b,-,b1)--"(',b(+b!/"(+Hb -b'b)+/'-b
&++,,&'-b(+b/'b",,-+,b-!-b'b(.+b0!'b%+'+,b+b'0b-(b,("%b%+'"' Hb

+-b2(.+b(0'b(b(b('.-b-(b+%-b-!b',b(b2(.+b%+'+,b'b-!b"%,b(b2(.+b
(+ '"3-"('Hb b)(,,"%Ib"'/(%/b%+'+,b"'b+-"' b-!b(b(b('.-b-(b',.+b-!-b
-!2b +b'b(&&"-b-(b(%%(0b"-Hb

,b-!b(%%(0"' b,bb,-+-"' b)("'-b(+b2(.+b(b(b('.-Hb(-b-!-b"-b",b+,,b-(b

%+'+,Ib'(-b-(b2(.b-!b," '+Hb V/b0+"--'b"-b-!",b02b-(b&$b"-b,"+b-(b)-b(+b
2(.+b%+'+,Hb

5
8?>5CD
1>4
?@5>
9>
1<<
3?==E>931D9?>C

/+b)+-'b-(bb,(&('b2(.b+b'(-Hb $b'(b"'.+-b(+b)-"/b,--&'-,Hb
",%(,b('%"-,b(b"'-+,-Hb b2(.b&$bb&",-$Ib(++-b"-b"&&"-%2Hb% b
(++-"(',b"'b2(.+b)(,-,b,(b(-!+,b$'(0b(b-!b!' Hb

(5C@53D
9>D5<<53DE1<
@B?@5BDI

(+$"' b0"-!b-!b",b(b(-!+,b+",,b-!"%b'b%( "%b",,.,Hb",%(,b,(.+,b(+b
()"'"(',b'b"'(+&-"('Hbb

(b'(-b/"(%-b-!b()2+" !-b(b(-!+,b(+b)% "+"3b-!"+b0(+$Hb$b+b-(b/("b,%_

)% "+",&Ib0!"!b",b+).%",!"' b,(&-!"' b2(.b).%",!b%,0!+b0"-!(.-b
"'-"2"' b-!b,(.+Hb
(b'(-b+/%b"'(+&-"('b"'))+()+"-%2Hb$b,)"%b+b0!'b%"' b0"-!b)+"/-Ib
('"'-"%Ib,+-Ib(+b)+()+"-+2b"'(+&-"('Hb

5<@
?D85BC
<51B>

('-+".-b-(b-!b%+'"' b(b(-!+,Hb(b2(.+b,!+b(b-!b0(+$Hb('.-b+,+!Ib,$b
*.,-"(',Ib)+(+&b1)+"&'-,Ib'b(b(-!+b-,$,b,(b2(.b!/b,(&-!"' b-(b('-+".-b
-(b-!b +(.)Hb '-+/'b0!'b2(.b'b(+b'b"'," !-Ib(++-bb&",(')-"('Ib(+b%+"2b
'b"Hb )b",.,,"(',b('b-()"Hb
/("b,)&b(+b,%_)+(&(-"('Hb

b




%!"
"'$!$



'$!$
-
(!$


b
9C17B55
@B?65CC9?>1<<I

(b'(-b('%b", +&'-,Ib.-b%02,b", +b+,)-.%%2b'b)(%"-%2Hb ",-'b-(b
0!-b(-!+,b!/b-(b,2Hb(b'(-b--$b(-!+,b(+b(&b&(-"('%Hb ',-Ib#.,-b,--b
-.%b'b%( "%b+,(',b(+b2(.+b", +&'-Hb
'Ib"b2(.b+b0+(' Ib&"-b"-Hb

+C5
C9=@<5
2EC9>5CC<9;5
<1>7E175

+"-b'b,)$b%+%2b'b('",%2Hb "&"-b2(.+b.,b(b,%' Ib#+ ('Ib'b+/"-"(',b
-(b0!-b%%b(-!+,b0"%%b.'+,-'Hb$b+b0"-!b +&&+Ib,)%%"' Ib'b).'-.-"('Hb

+C5
@B9F1D5
=5CC175C
1@@B?@B91D5<I

'b '+%Ib&$b&,, ,b/","%b-(b/+2('b"'b2(.+b%,,b(+b%+'"' b-&Hb!-b02b
-!2b'b#("'b-!b('/+,-"('b'b%+'b+(&b"-Hb(0/+Ib.,b)+"/-b&,, ,b(+b
"'(+&-"('b('%2b-!b+")"'-b',b-(b$'(0b'b-(b/("b&++,,"' b-!b+")"'-Hb

(5AE9B5
7??4
2581F9?B
?6
I?EBC5<6
1>4
?D85BC

(.b+b+,)(',"%b(+b2(.+b(0'b%+'"' b'b-!-b(b(-!+,Hb(.b+b1)-b-(b!/b
)+(,,"('%%2b'b-(b',.+b-!-b(-!+,b(b,(b,b0%%Hb b2(.b'(-"b.')+(.-"/b
!/"(+b"'b(-!+,Ib(b'(-b0"-b(+b-!b"%"--(+b-(b"'-+/'Hb(%"-%2Ib.-b%+%2Ib
('+('-b-!b!/"(+Hb

>D5BF5>5
9>
31C5C
?6
214
2581F9?B

!b"%"--(+b",b'b('_%%b)+(%&b,(%/+Hb'b$"'b(b)+(%&b",bb!/"(+b2b
"'"/".%b%+'+,b'b2b-!b-&b,bb0!(%Hb("%b%+'"' b)(,,b,b&'2b)(,,""%"-",b
(+bb!/"(+b,b"'b'2b(-!+b,("%b'/(+Hb (,-b+b&"'(+b'b+b(++-b2b-!b
+(.)Hb+"(.,b)+(%&,Ib!(0/+Ib+*."+b"'-+/'-"('b2b-!b"%"--(+Hb

14
9>49F94E1<
2581F9?B

()%b+b)()%Hb(&-"&,b-!2b(b,-.)"b-!"' ,Hb!'b-!2b(b,-.)"b-!"' ,b"'b,("%b
%+'"' Ib-!b"%"--(+b,!(.%b-$b'(-b'b)+)+b-(b"'-+/'b"b-!b +(.)b(,b'(-b
,(%/b-!b)+(%&b"-,%Hb

?G
D?
9>D5BF5>5

(+bb!/"(+b2b"'"/".%,Ib"'-+/'b,b,-%-!"%2b'b,b%" !-_!'%2b,b)(,,"%Hb

%02,b"'-+/'b)+"/-%2b'b(b'(-!"' b-(b&++,,b-!b%+'+Hbb
"+,-Ib,$b-!b%+'+b0!-b)+(&)-b-!b!/"(+Hb-+-b0"-!b-!b,,.&)-"('b-!-b-!b
!/"(+b",b+-"('%b'b#.,-""b2b"+.&,-',b2(.b+b'(-b0+b(Hb("'-b(.-b-!b
,2&)-(&,b'b,b"b-!b%+'+b0"%%b"'-"2b-!"+b(0'b!/"(+b,b-!b.,Hb b-!b

b
 '$!$
-
(!$



%!"
"'$!$





b
+,(',b(+b-!b!/"(+b+b'(-b#.,-""Ib -b-!b%+'+b-(b-$b+,)(',""%"-2b(+b-!b
!/"(+b'b -bb%+b(&&"-&'-b-(b&("2b-!b!/"(+Hbb

'%23b-!b%+'+V,b!/"(+Hb b"-b",bb+,.%-b(b"''-"/,Ib,.!b,b +"' b+"-+"Ib
(',"+b!' "' b-!,b"''-"/,b(+b&(+bb!/"(+b+,.%-,Hb



b&.%-")%b%+'+,b1!""-b-!bb!/"(+Ib,$b-!b +(.)b-(bb('b .+b "',-b-!b

%!"
"'$!$



!/"(+b'b-(b-b-(b(++-b"-Hb!'b2(.b)("'-b(.-b-!b!/"(+Ib(b'(-b'&b'&,Hb

?BB53D
C@539693
DI@5C
?6
214
2581F9?B

+)+b-!b"%"--(+b0"-!b ."'b('b!(0b-(b+,)('b-(b,)""b$"',b(bb!/"(+b
2b"'"/".%b%+'+,Hb+b",bb%",-b(b(,+/bb!/"(+,b'b,. ,-b02,b-(b
%b0"-!b-!&Hb

"0#),H 3'*.)'-H '3H),H#(.,0(.#)(H

_-()"b +'+,b+b",-+-b'b ('"-(+b-!b'.&+b(b(_-()"b

(&&'-,b ," '""'-b-"&b",b0,-b2b
#($,Ib (,,")Ib+.&(+,Ib
",.,,"(',b(.-b)+,('%b
"'-+,-,Ib'b(-!+b"++%/'-b
-()",Hbb
(&&'-,Hb
b0b+b Hb b,.!b
(&&'-,b+b!.+-"' b%+'"' Ib
+*.,-b-!b%+'+,b-(b(.,b('b
-!"+b-,$,Hb(.',%b"',-" -(+,b'b
,$b-!-b-!2b,-+b-!b('/+,-"('b
$b('b-()"Hb

("'-%,,b
b%+'+V,b(&&'-,b &"'b-!b +(.)b-(b.,b&,, ,b

(&&'-,b ('-+".-b'(-!"' b-(b-!b 'b)(,-,b-(b('-+".-b-(b-!b
('/+,-"('Ib(+b1&)%Jb %+'"' Hbb
.,!"' Ib/.(.,b)+",Hb +"/-%2b,$b('+,b-(b&'b
W!Ib-!-V,b-!b&(,-b+"%%"'-b -!"+b)(,-,b-(b"'%.b+,(',b(+b
"b/+Hb(.b+b,(b,&+-NXb -!b,--&'-,Hb
!b,&b(&&'-b",b
0(+$b"''-"/,b-(b+0+b-!b
+)-b "'b'b "'b(+b
/%.b(b)(,-,b+-!+b-!'b#.,-b-!b
(-!+b&,, ,Hb
'.&+Hb
(&&'-,b-!-b#.,-b,2bZ b
-((Xb(+bW b +HXb
(&&'-,b-!-b,2bZ b
", +Xb(+bbW b('V-b -b"-Xb
.-b(+b'(b+,(',Hb

b




%!"
"'$!$



'$!$
-
(!$


b
"0#),H 3'*.)'-H
%"+-"' b
b%+'+b&$,b,. ,-"/b(+b
(-!+b"'))+()+"-b
(&&'-,Hb
-b"+,-b-!",b&" !-b
,&b"''('-Ib.-b('b
)+,('V,b%"+-"' b",b'(-!+V,b
,1.%b!+,,&'-a'b"-b",b
!(0b-!b&,, b0,b
)+"/b-!-b&$,b-!b
"+'Ib'(-b!(0b-!b
&,, b0,b"'-'Hb
""' b
b%+'+V,b-"(',b('-+"-b
", +&'-b !",b(+b!+b(&&'-,b"'b
",.,,"('Hb!b%+'+b +,b
0"-!bO(+b"%,b-(b", +b0"-!Pb
(-!b,",b(b'b+ .&'-Hb

,.+b",b,)b+"-"",&Hb
"-!+0%b
b%+'+b0(+$,b,b'b
"'"/".%Ib'(-b,b)+-b(b-!b
-&Hb
!b%+'+b!(+,Ib+-!+b
-!'b,!+,Ib"'(+&-"('Hb
b
'3H),H#(.,0(.#)(H
'-+/'b"&&"-%2Hb&(/b-!b
&,, Hb*."+b-!b)(,-+b-(b
)(%( "3Hb1)%"'b-!b",,.b-(b-!b
+(.)Hb("'-b(.-b-!-b,-'+,b(+b
,("%b%+'"' b+b,-+"-+b-!'b(+b
)+,('%b.,,b(b,("%b'-0(+$"' Hb
"+,-Ib&$b,.+b-!b%+'+b",b'(-b
"' b.%%"b(+b"'-"&"-b2b
(-!+b%+'+,Hb-!b(+b," ',b(b
',"/',,b('b-!b)+-b(b(-!+b
%+'+,Hb
("'-b(.-b-!b!/"(+b'b
'(.+ b-!b%+'+b-(b,)$b(.-Hb
&(',-+-b!(0b-(b", +Hb
"'b(.-b0!2b-!b%+'+b!,b
0"-!+0'Hb(,b-!b%+'+b
)+"/b'(b/%.b"'b,("%b%+'"' b
-"/"-",b(+b%b"'-"&"-b2b-!b
,.#-b&--+b(+b2b(-!+b%+'+,Mb
+Ib",b-!b%+'+b#.,-b"'-+(/+-b
'b,!2Mb(,b-!b%+'+b%b-!b
/%.-"('b)+(,,b",b.'"+Mb
'b2(.b$'(0b-!b+,(',Ib-!b
+&2b0"%%bb%+Hb
 '$!$
-
(!$



%!"
"'$!$





b

"0#),H 3'*.)'-H '3H),H#(.,0(.#)(H

',"/',,b ',-b(b"' b()'b-(b %(0b(0'b-!b('/+,-"('Ib(+b

",Ib-!b%+'+b',b!",b 1&)%Ib2b&(/"' b+(&b'b
(+b!+b.++'-b()"'"('Hb!b ."(_('+'b-(bb",.,,"('b



%+'+V,b!/"(+b"'%.,Jbb (+.&Hbb


&(-"('%b(.-.+,-,b'b
+'-,Hb

(-b-$"' b-"&b(+b
+%-"('Hb

(-b%--"' b(-!+,b"'",!bb
(&&'-b(+b*.,-"('Hb
%!"
"'$!$



," 'b-"/"-",b-(b+*."+b
+%-"('Hbb
("'-b(.-b-!b&(-"('%b'-.+b(b
+,)(',,b'b+*.,-bb+-"('%b
+ .&'-Hb

.%%2"' b
'b"'"/".%b%+'+b
,$b-!b('+b-(bW-!+(--%b$HXb

(&"'-,b(-!+,b"'b
('/+,-"(',b'b-"/"-",Hb
!b%+'+b&2b.,b+"-"",&Ib
,+,&Ib(+b#.,-b0!"'"' b-(b
-b!",b(+b!+b02Hb
*.,-bb!' b(b
(&&.'"-"('b,-2%Jb%",-'"' b
&(+Ib0"-"' b%(' +b(+b(-!+,b-(b
+,)('Ib'b'(.+ "' b.%%+b
+,)(',,b+(&b(-!+,Hb

()(1"' b !b%+'+b+)-%2b ("'-b(.-b-!b!/"(+b'b+*.,-b

'  ,b"'b,%_)+(&(-"('Hbb -!b%+'+b-(b!' Hb
',-',b+' b+(&b%-'-b
-b%+'+,b+-b-!b/%.b(b
,)&b-(b,.-%b+,.&_
&,, ,b'b(b(-!+b%+'+,a
*.,-"(',b"'b0!"!b-!b%+'+b
'('2&(.,%2Hb
)+,b(&&'-,b0"-!bb
,--&'-b(b*.%""-"(',b
'b+'-"%,Hb

("%b%("' b !b%+'+b(,b-!b $b +,b)''-b('b

&"'"&.&b',,+2b'b ('-+".-"(',b-(b-!b-&Hb
O
%,(b$'(0'b
%/,b-!b!+b0(+$b-(b
,b($!8 /b%+'+,b+-b('-+".-"(',b(b
(-!+,Hb!b%+'+b&",,,b
) #Pb (-!+b-&b&&+,Hb
%"',b'b"%,b-(b$)b
(&&"-&'-,b-(b-!b-&Hb
!b%+'+V,b0(+$b",b,%())2Ib
"%%b0"-!b-.%b++(+,Ib'b
"&)%.,"%b)(,-"' ,Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

"0#),H 3'*.)'-H '3H),H#(.,0(.#)(H

+,('%b +'+b
b(',-'-%2b ("'-b(.-b-!b)--+'b(b!/"(+b-(b

('%"-,b ", +,b0"-!b%+'+bIb+-,b
V,b('-+".-"(',b%(0Ib'b
(&)%"',b(.-bHb
-!b%+'+b'b,$b(+b-!b+,(',Hbb
(',"+b+('" .+"' b-!b-&b-(b
+&(/b-!b('%"-Hb

(- b !b%+'+b-,b-(b",+.)-b +'b-!b+,(',b(+b-!b!/"(+Hb

%+'"' Hb(&&('b(+&,b(b
,(- b"'%.Jb

%"+-%2b)(,-"' b
&","'(+&-"('Hb

"-"' b-!b-+(%%,Ib-!-b",Ib
&$"' b(&&'-,b
," 'b-(b)+(/($b'b
&(-"('%b+,)(',b+(&b
(-!+,Hb

",*.(-"' b(-!+,b"'b
+)%",Hb
b
,b-!b%+'+b)+!),b+.,-+-b
0"-!b-!b,%(0b)b(b-!b(.+,Ib
+,'-.%b-b!/"' b-(b-$bb
+*."+b(.+,Ib(+b.'('/"'b(b
-!b/%.b(b,("%b%+'"' Mb+Ib
)+!),b-!b%+'+b",b&'-%%2b"%%Hbb
+2b!' "' b-!b)+,('V,b+(%b
0"-!"'b-!b-&b(+b%-b-!b%+'+b
-+2b%-+'-"/b02,b(b%+'"' Hb

14
D51=
2581F9?B

&,Ib%"$b"'"/".%,Ib'b'  b"'b.')+(.-"/b!/"(+Hb.!b!/"(+b'bb!+b
-(b'(-"b,b"-b+*."+,b-"&b-(b&'",-b'b+*."+,b+.%b--'-"('b-(b)--+',b(b
"'-+-"('Hb
'b '+%Ib-!b,(%.-"('b",b-(b)("'-b(.-b-!b)+(%&b'b,$b-!b-&b-(b(++-b"-Hb(&b
)+(%&,Ib!(0/+Ib&2b+*."+b!' "' b)(%"",b(+b +"' b+"-+"Hb+b+b,(&b
,. ,-b,(%.-"(',b-(b,)""b)+(%&,Jb

"0#),H 3'*.)'-H '3H),H#(.,0(.#)(H

(b"'"-"-"('b 0b-&b&&+,b+"/bb '-+/'b-(b"'- +-b-!b'0b

(b'0b +",$b"'-+(.-"('b'b+b%-b &&+b"'-(b-!b-&Hb
&&+,b -(b-!b.)b('b-!"+b(0'Hbb !+ b-!b-&b-(b+-bb
0b-&b&&+,b+b'(-b )+(,,b(+b"'.-"' b'0b
"/'b,)""b+(%,Hbb &&+,Hb
!2b+b'(-b"'%.b"'b
&,, ,b(+b-!"+b*.,-"(',b+b
" '(+Hb

b
 '$!$
-
(!$



%!"
"'$!$



 

b
"0#),H 3'*.)'-H
(,,b(b-+.,-bb (,-b(b-!b-&b%(,,b"-!b"'bb
0b(b-!b-&b&&+,Hb
!,b&&+,b+b,!.''Hb
!"+b",b (b" '(+b'b
-!"+b*.,-"(',b.'',0+Hb
+ &'--"('b !b-&b"/",b"'-(b%"*.,Ib
-"(',Ib,-,Ib-+",Ib(+b%.,b
-!-b(&&.'"-b'b-b
"')''-%2Hb
-b+-!+b (&&.'"-"(',b+,&%b
-!'b + .&'-,b&(+b-!'b
",.,,"('b ('/+,-"(',Hb0b%+'+,b
!' b-!"+b"'"-"%b()"'"(',b('b
'2b",,.Hb
( _#&,b +'+,b&$b%"--%b)+( +,,b
('b+"-"%b",,.,Hb'+,(%/b
b
",,.,b&2b-+" +b&(-"('%b
(.-.+,-,Hb
+(.)-!"'$b /+2(2b,"'+%2b +,Hb
",.,,"(',b+b,!(+-Hb!'b
)+(&)-Ib%+'+,b'b "/b
('%2b,!%%(0b+,(',b(+b-!"+b
 +&'-Hb
b
'3H),H#(.,0(.#)(H
+"/-%2Ib,$b-&b&&+,b-!b
.,b(b-!b)+(%&Hbb



('" .+b-!b-&b(+b+*.,-bb
%!"
"'$!$



!' b(b+(%,Hbb
'b-+.,-b",b%(,-Ib"-b",b!+b-(b
+ "'Hb(0/+Ib'b)(%( 2b(+b
)+"(+b(',,b'b(-'b!%)Hb
,!.%b-&,Hb
,," 'b-&b.-",Hb
-b!b+ &'-bbb+$(.-b
+(.)Hb
*."+b0!(%_-&b-"/"-",Hb
("'-b(.-b-!b"+',b-0'b
-b'b",.,,"('Hb!(0b
%+'+,b!(0b-(bb()'b-(b'0b
()"'"(',Hbb
0+b",.,,"(',b0!+b
%+'+,b'b,!(0b-!2b!' b
-!"+b&"',b(+b1-'b-!"+b
"'"-"%b",Hb
",-)b-!b",+.)-"/b",,.b2b
,$"' b-!b-&b-(b+"',-(+&b
!(0b-(b+,(%/b"".%-b",,.,b
%"$b-!",b('Hb
*."+b&(+b+,+!b-(b"'-"2b
)+(b'b('b+ .&'-,Hb/b-!b
-&b,- bb-Hb
'+,b)+,)-"/,b&(' b
-&b&&+,b2b!/"' b-!b
+(.)b+"',-(+&b0"-!b)()%b
+(&b"+'-b.%-.+,Ib%"b
!",-(+",Ib(+b)+(,,"('%b.-",Hbb
 



%!"
"'$!$



'$!$
-
(!$


b
"0#),H 3'*.)'-H
%,b !b-&b",b"'bb02b
 +&'-bb ('-++2b-(b-!b.'1)+,,b
/"0b(b&(,-b-&b&&+,Hb
O
%,(b%%b
-!b
!#8
%'$-Pb
!"-_!-b ''2b-(b",.,,b",,.,b('b
0!"!b/+2('b +,b'b
/+2('b",b$'(0% %b
+-!+b-!'b('+('-b"".%-b
+"-"%b",,.,Hb
%'-b ),b !b-&b&$,b(/"(.,b
&",-$,Hb(&b-"/"-",b
,.b.%%2b0!"%b(-!+,b"%b
(&)%-%2Hb",.,,"(',b,!(0b
%"'b,)(-,b'b(/"(.,b
&","'(+&-"('Hb
'%+b !b-&V,b-"/"-",b'b
&",,"('b ",.,,"(',b+b%"--%b('b-!b
"'"-"%b (%b(b-!b)+(#-Hb!b
,()b(b",.,,"('b/+b
0"',Hb!b-&b&$,b%"--%b
)+( +,,b-(0+b-!b (%Hb
(b%+,!")b !b-&b&$,b%"--%b)+( +,,Ib
+)-%2b&",,,b%"',Ib(+b
%.+!,b+(&b%( #&b-(b%( #&Hb
&+,b1!""-b)((+b-"&b
&' &'-Hb
b
'3H),H#(.,0(.#)(H
'#-b-"/"-",b-!-b+*."+b
&&+,b-(b1)+,,b-!"+b
()"'"(',b(+b%+'"' b-!b
()"'"(',b(b(-!+,Hb
)!+,b*.,-"(',b(+b+,--b
",,.,b"'bb02b-!-b)+(/($,b
'."'b",.,,"('Hb
*."+b%+'+,b-(b-b-!b
",,.Hb
'-"2b+"-"%b",,.,b'b"'#-b
-"/"-",b-!-b+*."+b",.,,"' b
-!,b",,.,Hb

%,(b!$b(+b)+(%&,b-!-b
0(.%b$)b)()%b+(&b
,)$"' b(.-Hb

b"-"('%b-%'-b-(b-!b
-&Hb+b!/b-!b-&b('.-b
+,+!b-(b"%%b ),Hb
/b-!b-&b",.,,b'b
+,--b"-,b&",,"('Hb
,$b-!b-&b
-(b/%.-b0!-!+b),-b0(+$b
('-+".-b-(b-!b+,--b (%Hb
("'-b(.-b-!b)+(%&Hb&"'b
-!b-&b-!-b"-b",b+,)(',"%b(+b
"-,b(0'b%+,!")Hb/b-!b
-&b",.,,b-!b)+(%&b'b
-!'b,!.%b+(%,Hbb
 '$!$
-
(!$



%!"
"'$!$



 

b

"0#),H 3'*.)'-H '3H),H#(.,0(.#)(H

$b(b !b-&b(+,b'(b(+" "'%b %(0b(0'b-!b)b(b-"/"-",b

+-"/"-2b ,(%.-"(',Ib&+%2b+)%"-,b -(b%%(0b-"&b(+b+%-"('b'b
+%"+b,(%.-"(',Hbb "',)"+-"('Hb


%!"
"'$!$



",.,,"(',b,%(&b'(.+ b
b+,+!b-"/"-",b-(b
(+b/'b&'-"('b-!b'b(+b *."'-b-!b-&b0"-!bb0"+b
"''(/-"('Hbb /+"-2b(b",b'b,(%.-"(',Hb

&+,b,!(0b%"--%b)+"b"'b *."+b'b+0+b'(/%-2Ib
-!b0(+$Hb "& "'-"('Ib(+b#.,-b.'"*.',,Hb

(b(%%-"/b !b-&b&$,b-!b,&b
b-"/"-",b-(b+*."+b

&&(+2b &",-$,b(/+b'b(/+b "'Hbb
!b-&b(,b'(-b+( '"3b
)--+',Ib '+%"3b+(&b('b
,b-(b'(-!+Ib(+b,--b
('%.,"(',b"'b,-+-b-+&,Hb
b
'+%"3"' b'b,-+-"' b
+,.%-,Jb!+b%,b&" !-b-!",b
))%2Mb!-b!/b0b",(/+b
+%"+b-!-b&" !-b))%2b!+Mb
%(0b(0'b-!b)b'b
'(.+ b%+'+,b-(b+%-b('b
0!-b-!2b+b%+'"' Hb
*."+b-!b-&b-(b)+(.bb
%( Ib+(+"' b0!-b-!2b!/b
%+'Hb

(
("/
$
)%"
"($$


,b," '+,b(b,("%b%+'"' Ib0b&.,-b).-b"'b)%b)+(,,,b-(b,,,,b-&,b'b(-!+b
+(.),Ib,,,,b"'"/".%,b0"-!"'b-!b +(.),Ib'b('/"'b-!(,b"'"/".%,b-!-b-!b
,,,,&'-b)+(,,b",b"+Hb

(b-!-b'Ib(.+b)+(,,,b(b/%.-"' b%+'+,b'b%+'"' b&.,-b(.'-b(+b-!b

"+',b-0'b,("%b'b,(%"-+2b%+'"' Hb(+b"',-'Ib,("%b%+'"' b'(.+ ,b
%+'+,b-(b-$b+",$,Ib,)$b(.-Ib&"-b&",-$,Ib'b!' b)(,"-"(',Hb 'b('/'-"('%b
,,,,&'-b+ "&',Ib-!,b-"(',b'b%(0+b%+'+,Vb +,Hbb
+'+,b&2b0(++2Ib(++-%2b(+b"'(++-%2Ib-!-b-!"+b +,b0"%%b,.+b"'b,("%b
%+'"' Hb 'b,(&b'/"+('&'-,Ib,.!b,b-+"-"('%b,!((%"' b'b#(b))%"-"(',Ib +,b
(b&--+Hb
'b/'b"b +,b(b'(-b&--+b-(b-!+,Ib&"'",-+-(+,Ib(+b&)%(2+,Ib
-!2b&2b,-"%%b&--+bb%(-b-(b%+'+,Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
CC5CC
1719>CD
?2:53D9F5C

('V-b(+ -b-!-b,("%b%+'"' Ib%"$b%%b(-!+b(+&,b(b%+'"' Ib,!(.%b/%.-b "',-b
%+'"' b(#-"/,Hb!-b",Ib"b%+'+,b(&)%",!b-!b," '-b(#-"/,b,-b-b-!b
 "''"' b(b-!b)+(#-Mbb

%,(b+&&+b-!-b,("%b%+'"' b)+(#-,b&2b!/b-0(b"+'-b-2),b(b(#-"/,Jb-(b
%+'bb(+b-(b%+'b!(0b-(b%+'bHb(+b1&)%Ib(#-"/,b&2bb,b('b*."+"' bb
,.#-b,$"%%b(+b*."+"' bb(%%(+-"('b,$"%%a(+b(-!Hb b-!b (%b",b-(b*."+b
(%%(+-"('b,$"%%,Ib(b'(-b,,,,b#.,-b,.#-b,$"%%,b'b/"b/+,Hb

+C5
1F19<12<5
5F945>35

("%b%+'"' b%/,bb-+$b+(+b(b%+'+,Vb-"(',b'b(+-,Ib,.!b,Jb

.&+b'b-"&"' b(b)(,-,b'b,.&",,"(',Hb

1-b'b(-!+b&"b(b)(,-,Hb

(.-"' b(b%%b&,, ,Jb!(b(&&.'"-b0"-!b0!(&Mb

('-+".-"(',Jb(+" "'%b",Ib,.,-'-"/b(&&'-,Ib,. ,-"(',Ib(+b#.,-b-+"/"Hb

--+',b(b"'-+-"('Jb+"',-(+&"' Ib('/+,-"('Ib-Hb

-+"%,b+-b'b%"'$Hb

%%b-!b/"'b',,+2b-(b(+&b'b#.,-"2bb#. &'-b",b+"%2b/"%%Hb

-1IC
D?
1CC5CC
<51B>5BC

("%b%+'"' b!,b/(%/b,/+%b02,b-(b/%.-b-&,b'b"'"/".%,Hb(',"+b
-!&b+.%%2b-(b,b0!"!b0(+$b,-b(+b2(.+b,("%b%+'"' Hb+b.,b-!&b,bb,-+-"' b
)("'-b-(b+"',-(+&b/'b&(+b-"/b02,b-(b . b%+'"' Hb

,)/*H0&/.#)(H) H#(#0#/&-Hb!b&&+b(b-!b +(.)b+-,b(-!+b&&+,Hb!b
"'"/".%V,b +b",b-!b,.&b(+b/+ b(b+-"' ,b2b(-!+,Hb+(.)b/%.-"(',b+b
,"&)%b-(b&"'",-+Ib.-b+*."+b,(&b+Hb '2b%b-!",b-!'"*.b/%.-,b
)().%+"-2b+-!+b-!'b%+'"' b'b-!-b"-b'(.+ ,b-+2"' b-(b&$b+"',b+-!+b
-!'b-(b!%)b(-!+,b%+'Hb%"*.,b&2b(+&b'b +b-(b)(,"-"/%2b/%.-b!b
(-!+Hb(b!b(b-!,b)+(%&,Ib "/b,)""b+"-+"b(+b/%.-"' b(-!+,Ib+*."+b
+,(',b'b/"'b-(b,.))(+-b+-"' ,Ib'b&('"-(+b-!b"+',,b(b-!b)+(,,Hb(.b
)+(%2b,!(.%'V-b.,b +(.)b/%.-"(',b,b-!b('%2b,,,,&'-b(+b"'"/".%,Hb

.#(!H) H*)-.-H(H'--!-Hb!b +(.)b(+bb'.-+%b(.-,"b1)+-b+'$,b&,, ,b
)(,-b2b%+'+,Hb'$"' ,b.,b+"-+"b '+-Ib",.,,Ib'b))+(/b2b-!b
+(.)Hb b-!b +(.)b(,b-!b/%.-"('Ib-$b+b-(b/("b+-"' ,b-!-b+0+b
&,, ,b1)+,,"' b +&'-b.-b'(-b-!(,b)("'-"' b(.-b ),b'b&",-$,Hb

,)/*H.-.Hb(+b,$"%%,b))%"b,bb-&Ib-!b +(.)b-$,bb-,-b,bb +(.)Hb!2b'b
",.,,b',0+,Hb!b!%%' b",b-(b',0+b*.,-"(',b,b*."$%2b,b)(,,"%Hb

b
 '$!$
-
(!$



%!"
"'$!$



 

b

,)/*H.-%Hb!b +(.)b",b "/'bb-,$b-!-b+*."+,b(%%(+-"/b))%"-"('b(b
%+'"' Hb!2b+b/%.-b('b!(0b,.,,.%%2b'b*."$%2b-!2b)+(+&b-!b-,$Hb
!",b,,,,&'-b",b/%"b('%2b"b-!b-,-b.+-%2b&,.+,b(&)%",!&'-b(b-!b
(#-"/Hb

/-.#)(H*))&Hb +'+,b,.&"-b*.,-"(',b-(bb)((%Hb!b"+,-b)+,('b-(b',0+b-!b 


*.,-"('b(++-%2b -,b)("'-,Hb!b*.,-"('+b -,b)("'-,b"bb,)""b+' b(b

%!"
"'$!$



%+'+,b -b-!b',0+b+" !-Hb

0&/.#)(H.)H,#.,#Hb"-!b%+'+,Ib,-%",!b(#-"/b+.+",b-(b/%.-b0(+$b"'b
-&b-"/"-",Hb+"-+"b'b"'%.b-!b'-.+Ib'.&+Ib'b-"&"' b(b)(,-,Hb


**&#.#)(-H) H-%#&&-Hb('%.b0"-!bb,)+-b'('_-&b-"/"-2b-!-b+*."+,b
%+'+,b-(b))%2b0!-b-!2b,!(.%b!/b%+'Hb!b-"/"-2b'bbb)+-"%b)"b
(b0(+$Ibb)+,'--"('Ib(+bb)+(+&'b-,-Hb +'+,b&" !-Ib(+b1&)%Ibb-,$b
0"-!b+-"' b'b%"/+"' bb)+,'--"('b,.&&+"3"' b-!b,.#-Ib,!(0"' bb+%_
0(+%b))%"-"('b(b"-Ib(+b-!"' b"-Hb

)5D
3B9D5B91
6?B
=5CC175C
1>4
@?CDC

b&,, ,b'b)(,-,b+b-(bb.,b-(b,,,,b%+'"' Ib,-b(#-"/b+"-+"b(+b/%.-"('Hb

b"%"--(+b&2b,. ,-b+"-+"Ib'b-!b-&b,!(.%b-!'b",.,,Ib+"'Ib'b).%",!b
-!b+"-+"Hb+b+b,(&b+"-+"b-(b,-+-b0"-!Jb

,#.,#)(H )1H.)H0&/.H'--!-H(H*)-.-H

.,-'b ,b-!b&,, b,.,-'-"%b(+b-+"/"%Mb(,b"-bb/%.b-(b-!b

('/+,-"('Mb+b(,b"-b#.,-b!"&b"'Ib2b,2"' b,(&-!"' b%"$b
W b-((NXb(+bW b", +XMb
"&"' b !'b"b-!b)(,-b(.+Mb,b"-b-!b"+,-b('b-(b('-+".-b'b"b
(+b,.+bb('+'Mb,bb+)%2b,(b*."$b-!-b"-b0,bb+%1b
+,)(',b+-!+b-!'bb+%-"/b'%2,",Mb,b-!+bb%.++2b(b
,.&",,"(',b"&&"-%2b(+bb%"'Mb
+" "'%"-2b (,b-!b)(,-b(+bb'0b"b-(b-!b('/+,-"('Mb ,b"-b-!b"+,-b-(b
('-+".-b,.))(+-"' b/"'Ib'b%-+'-"/b"'-+)+--"('Ib(+b'b
% '-b+,--&'-Mb
('b ,b-!b)(,-b)+(,,"('%b'b!%).%Mbb bb", +&'-Ib",b-!b
,--&'-b)(%"-b'b"+-Mb+b",b-!b)(,-b"%%b0"-!b0!"'"' Ib
,+,&Ib'b(-!+b&(-"('%b%' . Mb
+,.,"/',,b (,b-!b&,, b(+b/"'b'b%( "b-(b,.))(+-bb%"&b(+b
()"'"('Mb ,b-!b/"'b+(&b+%"%b,(.+,Mb
b

b
 



%!"
"'$!$



'$!$
-
(!$


b
%B
6?B57?
9>49F94E1<
1CC5CC=5>D

'b))+(!b&2bb-(b!(',-%2b&"-b-!b"".%-2b(b,,,,"' b"'"/".%,b'  b"'b
(&)%1b,("%b%+'"' b-"/"-",b'b#.,-b&$b-!b(.+,b),,_"%Hb b-!b-&b,bb0!(%b
,.,Ib%%b%+'+,b),,Hb
b"'"/".%b,,,,&'-b",b+*."+Ib&"1b"'"/".%b'b +(.)b-"/"-",Hb
,,,,b,b('b
"'"/".%b'b +(.)b-"/"-",Ib.-b"'%.b-!b,(+,b(b +(.)b-"/"-",b('%2b"b-!2b
"'+,b-!b"'"/".%V,b +Hb/"(.,%2b-!",b(,b'(-b0(+$b0!'b +"' b('bb.+/Hb

&"'b%+'+,b-!-b,,,,&'-b(.+,b'-.+%%2b,b)+-b(b,("%b)+(,,,Hb(+b$b
('b-!"+b"'"/".%b0(+$Ib-!2b'b%(($b-(b+-"' ,b'b+'$"' ,b2b(-!+,Ib(&&'-,b"'b
",.,,"('Ib,.,,b(+b"%.+b"'b-"/"-",Ib'b%%b-!b$b-!2b+"/b+(&b(-!+b
%+'+,Hb

.*$
%$,$*%$"
*,*)
%(
)%"
"($$

,b-!b-!'(%( ",b'b-!'"*.,b(b,("%b%+'"' b-(bb)-!b'b2'&",b-(b
('/'-"('%b_%+'"' b-"/"-",Hb -b%+'+,b)+(+&b-"/"-",b,bb-&Hb%)b
"'"/".%,b-(b+-b'b,!+b('-'-b0"-!b-!b +(.)Hb'  b-!b +(.)b"'b/"+'-b
","(',b'b'  "' b(%%(+-"('Hb,b,("%b&"b-(b)+(/"b/"b'b$b-(b
%+'+,Hb

HD5>4
2C?B2
13D9F9D95C
6?B
C?391<
<51B>9>7


(b&$b('/'-"('%b
,(+b-"/"-",b&(+b,("%Ib'(.+ b'b'%b%+'+,b-(Jb

2*,#(H*,-(..#)(-<H-.),#-<H(H,#(!-H.",)/!"H-)#&H'#b-!-b'(.+ b
(&&'-,Ib",.,,"('Ib'b$Hb+(/"b"&&"-b$b-!+(. !bb$b
!''%Hb

)(.,)&HH*,-(..#)(H),H).",H-),H2*,#(H-HH!,)/*Hb!b +(.)b'b).,b
(+b",.,,"('b'b(%%(+-"/%2b"b0!+b-(b (b'1-b"'b'('_%"'+b)+,'--"(',b
'b-(.+,Hb

,)0#H)(.(.H.)H-),Hb +'+,b'b+-b('-'-b"'"/".%%2b(+b,bb-&Hb+b
-!2b&2b0(+$b,bb-&b-(b(',(%"-b)",b+-b2b"'"/".%,Hb +'+,b'b
)-.+b,(+%b('-'-b+(&b(-!+,b"'b-!"+b)+(,,"('%b'-0(+$,Hb

)''(.H)(H-),H)(.(.Hb '/"-b%+'+,b-(b+,--Ib,.&&+"3Ib(.-%"'Ib+-Ib
+/"0b '+%"3Ib(+b+"-"*.b-!b('-'-Hb/b%+'+,b).%",!b'(-,b-!2b-(($Ib
,. ,-b))%"-"(',Ib,. ,-b--+b%-+'-"/,bO,+Ib,-+Ib&(+b""'-Ib-HPIb+0b
('%.,"(',Ib'b+/%b0!-b-!2b%+'Hb

#(%H)(.(.H.)H,&.H,-)/,-b-!-b (b)+Ib(+b('-++2b",Ib--+b1)+,,b
-!b,&b",Ib+/%b-!b+,+!b(+b(-!+b,",b(+b'b"Ib1-'b-!b('-'-b0"-!b

b
 '$!$
-
(!$



%!"
"'$!$





b
/",.%,b(+b(-!+b&"Ib%(-b"-&,b('b&),b'b,-%%"-b/"0,Ib'b,.))%2b1-+'%b
(&&'-+2bO/'b"b('%2b"$")"PHb

#-/--H1".H."3H-),Hb -b%+'+,b,$b*.,-"(',Ib,,,,b/%""-2b'b+""%"-2Ib
)("'-b(.-b&",-$,b'b&" ."-",Ib(+b(++-"(',Ib-b('%.,"(',Ib'b
+"',-(+&b))%"-"('Hb 



#.H(H(()..H)/'(.-Hb -b%+'+,b"&)+(/b/+%b1)+,,"('Ib2b%-+"' b

%!"
"'$!$



+&&+Ib,)%%"' Ib).'-.-"('Ib-Hb'(.+ b-!&b-(b&b(&&'-,Ib.)-b
-.%b('-'-Ib!" !%" !-b$2b)("'-,Ib%"'$b-(b,.))(+-"' b/"'b'b+%-b
+,(.+,Ibb'0b)-!02,Ib)+(.bb,.&&+2b(+b,-+-Ib'b-+',%-b-(b'(-!+b
%' . bO(+bb,.-"-%,PHb

HD5>4
?
13D9F9D95C
6?B
C?391<
<51B>9>7


(b&$b('/'-"('%b(b-"/"-",b&(+b,("%Ib'(.+ b'b'%b%+'+,b-(Jb

.H0#b('b!(0b-(b(b-!b-"/"-2Hb -b-!&b,$b-!"+b-&b(+b1-'b,("%b
'-0(+$Hb/b-!b +(.)b+"',-(+&Ib",.,,Ib'b/(-b('b-!b(++-b))+(!b-(b
-$Hb

.H %Hb/b(-!+b%+'+,b+-b'b+'$b)+(+&'Ib&(',-+-b--+b
-!'"*.,Ib'b,. ,-b%-+'-"/b,-+- ",Hb

)H.#0#.#-H-HH.'Hb."/"b0(+$b'b(&"'b+,.%-,Hb",.,,b'b +b('b
-"(',b(+b!(",Hb( -!+b)%'b+",$2b(+b(&)%1b-"(',Hb

(!!H#(H'/&.#G*,-)(b-"/"-",Hbb

",H1".H."3H&,(Jb"'," !-,Ib",(/+",Ib"".%-",Ib,-+- ",Ib-!'"*.,Ib'b
))%"-"(',Hb


(&34H,-/&.-Hb/b-!b +(.)b",.,,b+,.%-,b'b+0b('%.,"(',Hb'(.+ b
%+'+,b-(b(&)+b1)+"',b-(b'(-"b"+',b'b(&&('%"-",Hb/b-!b
+(.)b '+%"3b'b,-+-b-(b+"/b.'+%2"' b-!(+",Ib)+"'")%,Ib(+&.%,Ib'b
+.%,Hb

/,(H."H.#0#.3H#(.)HH!'Hb -b%+'+,b(&)-b.,"' b+"-+"b(b-"&Ib,)Ib
*.'-"-2Ib,-2%Ib(+b,(+Hbb

,.H)H.#0#.#-H ),H).",-Hb/b"'"/".%,b'b +(.),b+-b &,Ib).33%,Ib
'b(-!+b!%%' ,b(+b!b(-!+Hb -b-&,b(+b"'"/".%,b('-+".-b*.,-"(',b(+b
!%%' ,b-(bb)((%b.,b"'bb*."3_,!(0b &Hb '/(%/b-!b +(.)b"'b,--"' b'b
+/"0"' b+"-+"b(+b,.,,Hb

HD5>4
?>>53D
13D9F9D95C
6?B
C?391<
<51B>9>7


(b&$b('/'-"('%b(''-b-"/"-",b&(+b,("%Ib'(.+ b'b'%b%+'+,b-(Jb

",H,-/&.-H) H)((.H.#0#.#-Ib,.!b,b"-b1&)%,Ib,-(+",Ib+,+!b"'"' ,Ib
'b(+" "'%b0(+$Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

,.H)(.(.b.,b(+b(''-b-"/"-",Ib(+b1&)%b#(b",Hb

, ),'H."H.#0#.3H-HH!,)/*Ib(+b1&)%Ib++2"' b(.-b(+" "'%b0(+$Ib))%2"' bb
#(b"Ib(+b,$"' b*.,-"(',Hb

)(/.H!,)/*H)((.H.#0#.#-b(b+"',-(+&"' Ib+(%_)%2"' Ib'b(&)+",('Hb

-H."H!,)/*H-H-/**),.b(+b$.)b"'b(''-b-"/"-",Hb b%+'+,b+b,-.&)b(+b
+.,-+-Ib-!2b'b(',.%-b-!b +(.)Hb

#-/--H(H,0#1H1),%b '+-b"'b(''-b-"/"-",Ib,.!b,b(+" "'%b0(+$Ib
+,+!Ib(+b,-(+",Hb

+)
&(%,$
)%"
*,*)

!(. !b('%"'b,("%b%+'"' b",b+%-"/%2b'0Ib+-"'b-2),b(b,("%b%+'"' b-"/"-",b
!/b)+(/'b-"/b'b/+,-"%Hb(&b+b,"&)%b'b(-!+,b+b(&)%1Hb(&b+b
'++(0%2b(.,b)+(.+,b'b(-!+,b+b+(b-!'"*.,Hb

)81B5
G81D
I?E
<51B>

'b(b-!b,"&)%,-b02,b-(b"'-+(.b,("%b%+'"' b",b-(b!/b%+'+,b,!+b0!-b-!2b
!/b%+'Hb

+b",b'b1&)%b(bb
,"&)%bW!-b b +'Xb
",.,,"('b-!+b0!+bb
%+'+b+)(+-,b'b"'," !-b
'b(-!+,b(&&'-b('b"-Hb
b

b
b
b
b
b
b
b
(+.&b+-b"'b ((%Hb

+'+,b'b,!+b2b&$"' b)+"("b)(,-,b-(bb%( Ib&"+(_%( Ib)(,-Ib(+b",.,,"('b

(+.&Hb!b!("b0"%%b)'b('b-!b'-.+b(b%+'"' Ib-!b%+'+V,b-!'"%b"%"-",Ib

b
 '$!$
-
(!$



%!"
"'$!$





b
'b-!b&(.'-b(b-"&b/"%%Hb
b%( b(+b",.,,"('b-!+b",bb ((b!("b.,b
(-!b+b,2b-(b,-b.)b'b.,Hb!b+"-"%b-.+b'b",b-!b)"%"-2b(+b%+'+,b-(b
(&&'-b('b!b(-!+V,b)(,-"' ,Hb
(,-,b,!(.%b+)(+-b0!-b-!b)+,('b!,b#.,-b%+'Hb(,-,b'b"'%.b"'," !-,Ib
",(/+",Ib,.&&+",Ib+,--&'-,Ib!2)(-!,,Ib"'(+&b()"'"(',Ib",b/%"-b'b



"'/%"-Ib(''-"(',b&b'b+($'Ib+/+,%,b(b()"'"('Ib+"'&'-,b(b)+"(+b

%!"
"'$!$



",Ib))%"-"(',b(b%+'"' Ib'b&(-"(',b1)+"'b"'b%+'"' Hb!b('%2b+"-+"('b",b
0!-!+b-!b)(,-b0"%%b!%)b%%(0b%+'+,Hb

(,-,b,!(.%b',0+b*.,-"(',b%%(0b%+'+,b"',-"'-"/%2b,$Jb

!-b"b2(.b%+'Mb

!2b",b"-b/%.%b-(b2(.Mb

(0b&2b"-b'"-b(-!+,Mb

(0b"b2(.b%+'b"-Mb
(+b,("%b%+'"' Ib%+'+,b,!(.%b+Ib" ,-Ib'b(&&'-b('b-!b)(,-,b(b%%(0b
%+'+,Hb(&&'-,b,!(.%b('-+".-b-(b-!b%+'"' b(b-!b +(.)Hb
,b,.!Ib%+'+,b
,!(.%b(+ (b-!b)("'-%,,bW b-((NXb'bW.!MXb(&&'-,b'b"',-b('-+".-b-(b
-!b('/+,-"('b0"-!b(&&'-,b,.!b,Jb

(0b b0(.%b+,--b"-Hb

!-b"-b&',b(+b&Hb

(0b b&b-(b-!b,&b('%.,"('Hb

(0b b&b-(bb"+'-b('%.,"('Hb

13;
381>>5<
6?B
@B5C5>D1D9?>C

("%b&"b'b)+(/"bb$b!''%b(+b%"/b('%"'b(+b_-(_b)+,'--"(',Hb
b
$b!''%b'b-.+'b-!b)+,'--"('b"'-(bb('/+,-"('Hb!b."'b'b.,b-!b$b
!''%b-(b('/2b*.,-"(',Ib(&&'-,Ib,. ,-"(',Ib'b"'," !-,b-(b-!b)+,'-+Hbb

(0b(,bb$b!''%b0(+$Mb
b$b!''%b&" !-b%-b
%+'+,b,$b*.,-"(',b0!"%b,(&('b",b&(',-+-"' b'b
))%"-"('b(+b+0"' b('b-!b0!"-(+Hb!b*.,-"(',b(b
'(-b",+.)-b-!b)+,('b("' b-!b&(',-+-"('b'b(b'(-b
+*."+bb-0(_02b."(b!''%Hb!b)+,('b('.-"' b-!b
&(',-+-"('b)+"("%%2b!$,b(+b&,, ,Hb+b'b
,,",-'-b(,Ib,(b-!b)+,'-+b",b'(-b",-+-Hbb
.!b$b!''%,b(-'b(.+b,)('-'(.,%2b"'b-!b!-b
0"'(0b(b'b('%"'b&-"' b-((%Hb!2b'b%,(bb
"&)%&'-b,"%2b2bb,)+-b!-b-((%b(+b2b!,!_- b
b &,, ,b0"-!"'bb&"+(_%( "' b-((%b,.!b,b0"--+Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
((%,b%"$b(0+("'-b0"--+b((%,b2b
bb:H8b'b(2, -b'b",)%2b$b
!''%b&,, ,b+" !-b('b-!b(0+("'-b,%",b.,b2b-!b)+,'-+Hb

+bb)+,'-+b"'%.,b-!b
$b!''%b+" !-b-b-!b
(--(&b(b-!b,%",b(bb
)+,'--"('Hb
b
b
b
b
b
b
%"b."%-b"'b "+(,(-b(0+("'-Hb!b
0"--+b-"$+b0,b+-b0"-!b
(0+("'-b0"--+b((%,b2b
bb
b :H8Hb

b$b!''%b",b&(+b-!'bb-!'"%b&',b-(b('/2b&,, ,Hb(+b-"/b.,Ib"-b
&.,-b"'%.bb)+(-((%b(%%(0b2b)+,'-+b'b."'b%"$Hb

1F5
1
7??4
B51C?>
6?B
D85
213;
381>>5<

,b-!b$b!''%b-(b&$b%+'"' b--+Ib'(-b#.,-b-(b,!(0b(b-!'"%b%.'2b(+b-(b
-b2b0"-!b'b"'+"(+b)+,'--"('Hb(&b/%.%b.,,b(+b-!b$b!''%b+b-(Jb


-%H+/-.#)(-Hb!b$b!''%b'bb.,b-(b(%%-b*.,-"(',Ib0!"!b-!b)+,'-+b
'b',0+b-b-!b'1-b%( "%b+$b(+b-b-!b'b(b-!b)+,'--"('Hb+Ib%+'+,b'b
#.&)b"'b'b',0+b-!b*.,-"(',b,b-!2b(.+Hb

),,.H),H*,0(.H'#-/(,-.(#(!-Hb
'b,,",-'-b'b.,b-!b$b!''%b-(b
%+"2b-!b,)!b(b'b'-b(+b"'+-".%-b,)$+Hb

*&&H)/.H.#&-Hb
'b,,",-'-b'b"'b-!'"%b-+&,Ib,)%%b(.-b+/"-"(',Ib
)+(/"b,2'('2&,b(+b.'.,.%b0(+,Ib'b)+(/"b ,b(+b,+!b-+&,b(+b
++',Hb

)''/(#.H#(HH-)(H&(!/!Hb
b$b!''%b'bb.,b(+bb-+',%-(+b-(b
)+(/"b,.-"-%,b"'bb,('b%' . b,!+b2bb," '""'-b+-"('b(b-!b."'Hb

,)0#H(H)(!)#(!H-/'',3Hb,"('%b,.&&+",b'b!%)b%+'+,b(',(%"-b
,)+-b)("'-,b&b2b-!b)+,'-+Hb

b$b!''%b'bb",-+-"' b-(b-!b)+,'-+b'b-(b&'2b"'b-!b."'Hb" !b
+.%%2b-!b)(-'-"%b'"-,b'b+0$,b.,"' bb$b!''%Hb

53945
8?G
D?
49C@<1I
D85
213;
381>>5<

!"'$b+.%%2b(.-b!(0b2(.b0'-b-(b",)%2b-!b$b!''%Hb+b+b,(&b
,. ,-"(',Jb

b
 '$!$
-
(!$



%!"
"'$!$



 

b

H>H "(H>H

(&b."'_&&+,b!/bb!",-(+2b ",)%2b-!b$b!''%b-(b'b,,",-'-b
(b&$"' b&++,,"' b(+b+( -(+2b 0!(b"%-+,b&,, ,b(+b),,"' b-!&b
(&&'-,Hb ('b-(b-!b)+,'-+Hb 


!b)+,'-+b",b,"%2b",-+-b2b ",)%2b&,, ,b('bb,)+-b,+'b(+b

"'(&"' b(&&'-,Hb
&+,b(b-!b."'b+b,"%2b
",-+-b2b(&&'-,b'b&2b
'  b"'b-,b(.-b-!&Hb
,, ,b+b%"&"-b-(b#.,-bb0b
0(+,Ibb%b!%"',b('bb'0,b
)+( +&HbO
'b-!b)+,'-+b +,HPb
,, ,b+b(&)%-b,'-',HbO
'b
-!b)+,'-+b +,HPb
b
%!"
"'$!$



!"'b0"'(0b-!-b-!b)+,'-+b'b
(',.%-b)+"("%%2Hb
",)%2b-!b$b!''%b-(b-!b,)$+b
('%2Hb
",)%2b&,, ,b,bb'0,_+0%b%(' b
-!b(--(&b(b-!b,+'Hb
",)%2b-!b&,, ,b"'bb,+(%%"' b0"'(0b
%(' ,"b-!b)+,'--"('a"b,)b
)+&"-,Hb

?
>?D89>7
D?
5=21BB1CC
?B
89>45B
D85
@B5C5>D5B

!b$b!''%b'b)+(/b",-+-"' b'b"'-"&"-"' b-(b,(&b)+,'-+,Hbb


%02,b -b-!b)+,'-+V,b))+(/%b-(b.,bb$b!''%Hb -b-!b)+,'-+b$'(0b(b
2(.+b"'-'-"(',b0%%b"'b/'Hb

!.%b)+-"b,,,"(',b-(b0(+$b(.-b-!b,-b02b-(b,-b.)b-!b$b!''%Hb

+'b-!b)+,'-+b-(b/("b-!"' ,b%"$%2b-(b-+" +b",-+-"' b(&&'-,Ib,.!b,b
.'.,.%b(%(+,b('b,%",Ibb#($,Ib('-+(/+,"%b(&&'-,Ib'b('.,"' b +)!",Hbb

$b+b(b-!b-!'(%( 2b(+b-!b)+,'-+Hb(b'(-b+*."+b)+,'-+,b-(b"',-%%b'b
('" .+b,)"%b,(-0+b(+b-(b&("2b-!"+b)+,'--"(',Hbb

+b,,",-'Ib(+b1&)%Ib,(&('b-(b&('"-(+b-!b$b!''%Ib-(b(',(%"-b
*.,-"(',b'b(&&'-,Ib'b-(b$)b-!b-!'(%( 2b0(+$"' Hb

)@5<<
?ED
@B?@5B
2581F9?B
6?B
3?==5>D9>7


''(.'b'b'(+bb)(%"2b-(b',.+b-!-b(&&'-,b('-+".-b-(b--+b%+'"' b'b
"&)+(/b-!b1)+"'b(+b%+'+,b'b(+b-!b)+,'-+Hb+b+b,(&b '+%b
."%"',Hb

$b('%2b!%).%b(&&'-,Jb
,$b+%/'-b*.,-"(',Ib,. ,-b1&)%,Ib(+b"-b
,(.+,Hb,b)(,-,b-(b!%)b(-!+,b%+'H


(,-b'(-!"' b-(b&++,,b(+b",-+-b-!b)+,'-+Jb(b0!"'"' b(+b'"-)"$"' Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

$b('%2b('b)("'-b)+b)(,-Hb )b-!b)(,-b,!(+-b'b-(b-!b)("'-Hb

(b'(-b-b.+"' b-!b)+,'--"('Hb+b",.,,"('b.'-"%b-+b-!b)+,'--"('Hb
(%b%+'+,b(.'-%b(+b-!"+b(&&'-,Hb -b-!&b/(-b.+"' b+)%2JbZ,b-!",b
(&&'-b!%).%MZb

*1;5
13D9?>
AE93;<I

$b-"('b*."$%2b"b%+'+,b0'+b(b-()"b"'b-!"+b(&&'-,b(+b,-+-b-(b!$%b-!b
)+,'-+Hb b)(,,"%Ib&$b-!b$b!''%bb)+"/-Hb!'Ib"%-+b(&&'-,b(+b-!b
--'-"('b(b-!b)+,'-+Hb+$b(0'b-!b('"' b)(,-+b'b(.',%b)+"/-%2b-+b-!b
/'-Hb ',",-b-!-b-!b)(,-+b)(%( "3b-(b%%b--',b(+b-!b)((+b!/"(+Hb

b2(.b''(-b&$b-!b$b!''%b)+"/-Ib-!'b-.+'b(b-!b$b!''%b(+b-!b
.+-"('b(b-!b)+,'--"('Hb+"("%%2Ib,$b%+'+,b"b-!2b!/b*.,-"(',b2bW+","' b
-!"+b!'Xb(+b-!+(. !b,(&b(-!+b&!'",&b,.))(+-b"'b-!b&-"' b-((%Hb)'b!-b
-(b%%(0b%+'+,b-(b,$b-!"+b*.,-"(',Hb"%-+b-!b*.,-"(',b(+b"&&"-b',0+b(+b(+b
%-+b(',"+-"('b('bb",.,,"('b(+.&b-!+Hb

B19>CD?B=9>7
13D9F9D95C

+"',-(+&"' b",bb(&&('b)+-b(b&(,-b+-"/b-"/"-",Hb+"',-(+&"' b",b-!b)+(,,b(b
'+-"' b%(-,b(b'0b",Hb 'bb+"',-(+&"' b,,,"('Ib-!b%+b)(,,bb)+(%&b(+b
0!"!b)+-"")'-,b,. ,-b,(%.-"(',Hb!b (%b",b-(b)+(.b,b&'2b",b,b)(,,"%Hb 'b
+"',-(+&"' Ib'(b",b+b+#-b(+b+"-""3Hbb

b
-"' b('.-b0"-!b
(b(''-Hb

!",b1&)%b(b+"',-(+&"' b",b+(&bb%,,b(+b+!"--,b'b."%"' b('-+-(+,b('b

!(0b-(b+&(%b!(&,Hb!b).+)(,b(b-!b,,,"('b",b-(b,!(0b%+'+,b!(0b+-"/b

b
 '$!$
-
(!$



%!"
"'$!$



 

b
-!"'$"' b'b!%)b-!&b0(+$b0"-!"'bb-" !-b. -Hb!b,,,"('b,-+-,b,b'b('%"'b
&-"' b.,"' bb0!"-(+bO)Hb<;>Pb'bb!-b0"'(0bO)Hb<9@Pb0!+b%+'+,b+)"%2b
,. ,-b",Hb
!b+"',-(+&"' b,,,"('b,!"-,b-(bb",.,,"('b(+.&bO)Hb<:=PHb+b0b,b-!b
+"',-(+&"' b-"/"-2b-!+b'b-!b+,)(',,b)(,-b-(b"-Hb


%!"
"'$!$



b
",.,,"('b(+.&b)+(/"b2b!b +'"' b ' +Hb

-85>
D?
EC5
2B19>CD?B=9>7

+"',-(+&"' b'bb-. !-b,bb/%.%b,$"%%b"'b"-,b(0'b+" !-Hb -b",b'b"&)(+-'-b,)-b
(b-&0(+$Ib)+(%&b,(%/"' Ib'b+-"/b-!"'$"' Hb+"',-(+&"' b'b%,(bb.,.%b
'20!+b%+'+,b'b-(b,(%/b)+(%&,b"'b'b(+" "'%b02Hb

?G
2B19>CD?B=9>7
G?B;C

+"',-(+&"' b,,,"(',b'b-$b,/+%b(+&,Hb'b(&&('b(+&b"'/(%/,b(-!b
,2'!+('(.,b'b,2'!+('(.,b/'-,Hb 'b'b('%"'b&-"' Ib-!b-!+b)+,'-,b-!b
*.,-"('b-(b',0+b(+b)+(%&b-(b,(%/Hb '"/".%b%+'+,Ib.,"' b!-b(+b."(_
('+'"' Ib('-+".-b',0+,b,b,-b,b-!2b'b-!"'$b(b-!&b.'-"%b"-!+b-!b%(0b(b
",b,%(0,b(+b-!b-"&b%%(-b-(b-!b%"/b)!,b(b-!b-"/"-2b1)"+,Hbb
!b-!+b-!'b-+',+,b-!b+"',-(+&"' b+(&b!-b-(bb",.,,"('b(+.&b"'b0!"!b
%+'+,b('-"'.b"' b",b-b-!"+b(0'b)Hb
-b-!b'b(b-!b%%(--b-"&Ib-!b
-!+b +,b)+-"")'-,b,b('b-!b*.'-"-2Ib'(-b-!b*.%"-2Ib(b-!b",b-!2b
('-+".-Hb

5CD
@B13D935C
6?B
2B19>CD?B=9>7

+"',-(+&"' b",bb,"&)%b-"/"-2b0"-!b +-b)(-'-"%b-(b&(-"/-b%+'+,b'b/%()b
+-"/"-2Hb(b!"/b-!",b)(-'-"%Ib(',"+b,(&b(b-!,b",Jb
-H'),H'#Hb b2(.b!/b-!b)"%"-2Ib.,b(-!+b&"Hb
."(_('+'"' bO)Hb<:8Pb
,),b-!b)+(,,Ib,b&'2b)()%b"'b-2)"' b,%(0,b-!"+b)+(.-"('b(b",Hb b2(.b.,b
."(Ib+&&+b-(b+(+b-!b,,,"('b'b)(,-bb-2)b-+',+")-b(+b,.&&+2b-(b-!b
",.,,"('b(+.&Hb
b,!+b0!"-(+bO)Hb<;?Pb%-,b%+'+,b('-+".-b",b2b,$-!"' b

b
 



%!"
"'$!$



'$!$
-
(!$


b
(+b),-"' b"'b-!"+b+0"' ,b(+b%")b+-Hb(+b/",.%b,.#-,Ibb0!"-(+b",b,)"%%2b
/%.%Hb
%#*H."H)(&#(H'.#(!Hb b%+'+,b+b&"%"+b0"-!b+"',-(+&"' Ib2(.b&2b0'-b-(b
('.-b-!b0!(%b+"',-(+&"' b,,,"('b"'bb",.,,"('b(+.&Hb!",b",bb ((b%-+'-"/b
"b"-b",b"".%-b-(b -b%%b%+'+,b-( -!+b-b-!b,&b-"&Hb(&b+"',-(+&"' b
)+-"")'-,b"'b"-b!+b-(bb+-"/b0!'b"-b",b(.+b!(.+,b),-b-!"+b-"&Hb

.HH)(.2.Hb(.b'b "/b-!b+"',-(+&"' bb&(+b+%",-"b%/(+b2b,"-.-"' b"-b"'bb

%"_%"$b,'+"(Hb%%bb,-(+2b(bb+%b)+(%&Hb
,$b%+'+,b-(b)+-'b-!2b+b!+-+,b
"'b-!b,-(+2Hb/b-!&b(+b,(%.-"(',b+(&b-!b)+,)-"/b(b-!"+b!+-+,Hbb
( ),H."H*,#'H,/&H) H,#(-.),'#(!Hb $b,.+b%%b)+-"")'-,b.'+,-'b-!b('b
'b('%2b+.%b(b+"',-(+&"' Jb",H,H()HH#-Hb&)!,"3b-!-b)+-"")'-,b
''(-b+"-""3b",Ib.-b'bb--+b",Hb&"'b)+-"")'-,b-!-b-!2b,(+b)("'-,b
(+b-!b'.&+bO'(-b*.%"-2NPb(b",Hb

-%H.")/!".G*,)0)%#(!H+/-.#)(-Hb
,$b()'_'b*.,-"(',b-!-b'b!/b&'2b
',0+,Hb(+b1&)%Jb!-b"bMb(0b(b0b&$bb--+Mb!2b,!(.%b0b(bMb
*H#-H &)1#(!Hb+"&b-!b).&)b0"-!bb0b",b(b2(.+b(0'Hb+"("%%2b+,--b
-!b*.,-"('b"'bb'0b02Hb/+,b-!b*.,-"('Hb(+b1&)%Ib-+b,$"' b!(0b-(b&$b
,(&-!"' b--+Ib,$b!(0b-(b&$b"-b0(+,Hb

*51=D1C;
13D9F9D95C

&_-,$b-"/"-",b+b ((b-(b-!b-&0(+$a(+b'2b,$"%%b-!-b",b)+-"b2bb +(.)b
+-!+b-!'b#.,-b'b"'"/".%Hb.!b-&0(+$b-"/"-",b+*."+b%+'+,b-(b0(+$b,bb
((+"'-b-&b-(b,(%/bb,"' %Ib(&)%1b)+(%&Hb&b&&+,b(&&.'"-b.,"' b
('%"'b&-"' ,b'b",.,,"('b(+.&,b"'b(++b-(b(&)%-b-!"+b,," 'b-,$,Hb

'b-!",b1&)%Ib)+-"")'-,b
+b "/'b-!b-,$b(b)+)+"' b
b.,"',,b)%'b(+bb'0b
/'-.+Hb
b
b
b
b
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b
('/+-b(+bb%"/+2b.,"' b
(b
+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

b
 '$!$
-
(!$



%!"
"'$!$



 

b
'b-&_-,$b-"/"-",Ib-!b-!+b,," ',bb-,$b'b!%),b%+'+,b(+ '"3b-!&,%/,b
"'-(b,)+-b-&,Hb&,b0(+$b"')''-%2Ib)+(."' b,.,,"/%2b&(+b+"'b
/+,"(',b(b-!"+b0(+$Ib0!"!b-!2b,.&"-b-(b'b"'- +-"('b-&Hb!b"'- +-"('b-&b
&+ ,b-!b0(+$b(b-!b(-!+b-&,b'b,.&"-,b-!b"'%b)+(#-b-(b-!b-!+b(+b
+"' Hb 

%!"
"'$!$



-85>
D?
EC5
D51=D1C;
13D9F9D95C

&_-,$b-"/"-",b+b/%.%b-(b-!b,$"%%,b-!-b%+'+,b))%2b,b)+-b(bb-&Ib
+-!+b-!'b,b"'"/".%,Hb&_-,$b-"/"-",b+b%,(b/%.%b"'b-!"' b-&0(+$b
,$"%%,b"'b-!"+b(0'b+" !-Hb
,b&(+b'b&(+b0(+$b+*."+,b((+"'-"' b0"-!b",-'-b
(%% .,Ib-&_-,$b-"/"-",b0"%%b(&bb&(+b(&&('b)+-b(b.-"('Hb

(&b(&&('b-&_-,$b)+(#-,b+*."+b%+'+,b-(b+-Jb


b"''"%b)%'b(+bb'0b-2)b(b.,"',,Hb


b+)(+-b('b-!b,""%"-2b(bb'0b)+(.-Hb

(&&'-"(',b('b-!b.,b(bb'0b&"%b)+(.+Hb

+()(,b%0,b-(b(/+b'0b-!'(%( 2Hb

,1B91D9?>C
?6
D51=D1C;
13D9F9D95C

&_-,$b-"/"-",b+bb+(b- (+2b-!-b2(.b'b)-b(+b%,,,b(b/+"(.,b,"3,b
'b(+b-!"' b/+"(.,b,.#-,Hb+b+bb0b,. ,-"(',Jb

,&&&H.'-Hb 'bb%+ b%,,Ib!/b-&,b0(+$b"'b)+%%%Hb"/"b-!b%,,b"'-(b%+ b

-&,b'b,," 'b-!b,&b)+(%&b-(b!b%+ b-&Hb!b%+ b-&b&.,-b(&b.)b
0"-!b"-,b(0'b,(%.-"('b'b)(,-b"-b('b-!b,+/+b(+b(-!+b-&,b-(b,Hb
-+b,"' b-!b
,(%.-"(',b(b(-!+b-&,Ibb-&b&2b+/",b"-,b(0'b,(%.-"('Hb
-b-!b'b(b-!b-"/"-2Ib
!b-&b&.,-b)"$b-!b,-b,(%.-"('b,.&"--b2b'(-!+b-&b'b#.,-"2b"-,b!("Hb

#2G&(!/!H.'-Hb(+b%' . b%+'"' Ib+-b-&,b(b'-"/b'b'('_'-"/b

,)$+,b-(b,(%/bb)+(%&b-( -!+Hb&,b&.,-b0(+$b"'b-!b%' . b"' b%+'Hb
)-#H.'-Hb$bb%+ b(($Ibb,"-Ib(+b(-!+b(&)%1b0(+$b&b.)b(b,(&0!-b
"')''-b)",Hb"/"b-!b%,,b"'-(b-&,Hb
,," 'b!b-&bb)+-b(b-!b0!(%b-(b
+/"0Hb!b-&b'b.+-!+b,."/"b-!b0(+$b2b,," '"' b)+-,b-(b"'"/".%,Ib(+b%%b
-!b&&+,b(b-!b-&b'b0(+$b('b-!b-&V,b,," '&'-Hb!'Jb

!b-&b)+)+,bb,.&&+2b(b"-,b)+-b'bb+"-"%b+/"0b(b"-Hb


'b7+_-&b,,&%,b-!b)",b'b0+"-,bb+/"0b(b-!b0!(%Hb

'"/".%b&&+,b(&&'-b('b-!b(',(%"-b+/"0Ib'b-!b7+_-&b
+/",,b"-Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5CD
@B13D935C
6?B
D51=D1C;
13D9F9D95C

%H&,H."H!,#(!H,#.,#Hb"%%b +,bb0+b-(b-!b%,,b,bb0!(%Ib-(b
,)+-b-&,Ib(+b-(b"'"/".%,Mb(&b%+'+,b&2b%b.'(&(+-%b-!-b%+ %2b
.','b(%% .,b-+&"'b-!"+b +,Hb

,)0#HH-/!!-.H.#'&#(b(+b)+( +,,b('b-!b)+(#-Hb $"' b_-(_b('--Ib

%+'+,b&2b'(-b%b.%%2b(%" -b-(b(&)%-b-!"+b,!+b(b0(+$b('b-"&Hb
"&&(!<H/.H)H().H)0,1"&'Hb!b (%b(bb-&0(+$b-"/"-2b&.,-bb))+()+"-%2b
!%%' "' a'(-b-((b"".%-b'b'(-b-((b,2Hb b%+'+,b!/b'(-b0(+$b"'b/"+-.%b
-&,b(+Ib-!2b0"%%b+*."+b(.-b-0"b,b&.!b-"&b-(b(&)%-b'b,," '&'-b,b
-!2b0(.%b0(+$"' b-( -!+b"'bb%,,+((&Hb

(+b&(+b/"b('b-&b%+'"' Ib,bW+(&(-b-&b%+'"' Xb('b) b<A8Hb

(?<5@<1I9>7
C35>1B9?C

!"%+'b%+'b&.!b.%-b!/"(+b2b)%2"' b-b"' b'b.%-Hb "$0",Ib.%-,b'b
%+'b&.!b2b)%2"' b-!b+(%b(b,(&('b%,Hbb

'bb+(%_)%2"' b,'+"(Ib-!b-!+b,--,bb (%b'b,," ',b%+'+,b+(%,b"'b!"/"' b

-!-b (%Hb +'+,b+,+!b-!"+b+(%,Hb!2b-!'b(%%(+-b/"b('%"'b&-"' ,b'b
",.,,"('b(+.&,b-(b)%2b(.-b-!"+b+(%,b-(b!"/b-!b (%Hb

'b-!",b1&)%Ib)+-"")'-,b,"&.%-b
-!b&-"' b(b-!b-(0'b
+!"--.+%b
/"0b(&&"--b-(b(',"+b
)+()(,b+'(/-"(',b-(bb!(&b"'b'b
!",-(+"b",-+"-Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

!b%+'+b",b,," 'bb,)""b+(%b
-(b)%2Hb!b+(%b!,b,)""b.-",b
'b&(-"/-"(',Hb



%!"
"'$!$



b
+'+,b!/b,,b-(b-"%b
++'b&-+"%,Ib#.,-b,b-!"+b+%b
(.'-+)+-,b0(.%Hb

+'+,b&.,-b(&)%-bb,+",b(b
-"/"-",b"'b-!"+b+(%,b'b,.&"-b
&-+"%,b(+b(-!+,b-(b1&"'Hb
b
b
b
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b('/+-b(+bb
%"/+2b.,"' b
+-".%-b+,'-+Hb"0b1&)%b-b
!(+-('H(&^%^Hb
b

b




%!"
"'$!$



'$!$
-
(!$


b
-85>
D?
EC5
B?<5@<1I9>7
C35>1B9?C

(%_)%2"' b",bb/%.%b02b-(b-!b,.-%Ib"'-+)+,('%b,$"%%,b'b-(b+/%b-!b
!"'b(&)%1"-2b(b&'2b!.&'b'/(+,Hb+b+b,(&b(&&('b.,,b(b+(%_
)%2"' b-"/"-",Jb

(+b,(&('b-(b/"0b/'-,b+(&bb"+'-b)+,)-"/Hb"/b'b'/"+('&'-%b
-"/",-b-!b+(%b(bb+%_,--b/%()+Hb
'b/"b/+,Hb


%%(0b,(&('b-(b1)+"'b/'-,b('%"'b-!-b-!2b0(.%b'(-b1)+"'b"'b+%b%"Hb
(+b1&)%Ib%-bb&'b1)+"'b,1.%b!+,,&'-b,bb0(&'Hb

&(',-+-b-!b&'2b)+,)-"/,b',,+2b(+bb(&)%1b.'+-$"' Hb/bb
&' &'-b-&b ."bb)+(#-b+(&b"'"-"%b"b-(b,.,,.%b)+(.-Hb

!b"'-+)+,('%b,$"%%,Hb(%bb(&&"--b&-"' b-(b"'b'b-"/b(&)+(&",b
&(' b(&)-"' b",Ib +(.),Ib'b"'"/".%,Hb

,1B91D9?>C
?6
B?<5@<1I9>7
C35>1B9?C

(%_)%2"' b,'+"(,b'bb.,b-(b&"&"b%%b-!b"+'-b,"-.-"(',b-!-b+"' b
"'"/".%,b"'-(b('--b'b)(,,"%2b('%"-Hb+b+b,(&b(+&,b-!-b&$b ((b
%+'"' b-"/"-",Jb
"0#),H,#.#+/Hb!b%+'+,b-!b(++-b!/"(+b(+bb)+-".%+b,"-.-"('Hb!'b
&(%b'b+"-"*.bb!/"(+Hb
,," 'b,(&('b-!b+(%b(b&(',-+-"' b
"'))+()+"-b!/"(+Hb
,," 'b-!b+,-b(b-!b%,,b-!b+(%b(b+-"' b-(b-!bb
!/"(+Hb
)/,.H.,#&Hb.-bb(')-Ib!",-(+"%b" .+Ib(+b(+ '"3-"('b('b-+"%Hb
,," 'b+(%,b(b#. Ib
.,Ib)+(,.-(+Ib',b--(+'2Ib0"-',,,Ib'b#.+2Hb

),H'.#(!Hb"&.%-bb&-"' b(b-!b(+b(b"+-(+,b(bb(+)(+-"('Ib.'"/+,"-2Ib
!(,)"-%Ib(+b(-!+b(+ '"3-"('Hb
,," 'b!b)+-"")'-b,)""b (%,Ib--"-.,Ib'b
)+,('%"-2Hb)%%b(.-b$'(0'b'b,+-b+%-"(',!"),b&(' b-!(,b-b-!b&-"' Hb"/b
-!b&-"' b'b 'b'bb-"&b%"&"-Hb
/,,H'3-.,3Hb!b"'/,-" -"/b,$"%%,b2b!/"' b%+'+,b)%2b+(%,b"'bb&.++b
"'/,-" -"('Hb!b&&+b+"/,bb+(%Hb(+b!b+(%b-!+b+b).%"%2b$'(0'b-,b
-!-b/+2('b!,b,,b-(b'b)+"/-%2b$'(0'b-,b-!-b('%2b-!b+(%_)%2+b$'(0,Hb
(%_)%2+,b'bb,$b(+b-+"$b"'-(b+/%"' b-!,b!"'b-,Hb!b+(%_)%2+b
%,(b!,b,+-b&(-"/-"(',Hb(%_)%2+,b+b"-!+b,.,)-,b(+b"'/,-" -(+,Hb '/,-" -(+,b
&.,-b,(%/b-!b&2,-+2b2b"'-+/"0"' b-!b,.,)-,Ib1&"'"' b+-"-,Ib'b1!' "' b
'(-,Hb bb&.++b&2,-+2b(,b'(-b"-b2(.+b,"-.-"('Ib,.,-"-.-b('b(b-!,b
"'/,-" -"(',Jb

"'"' b!"'b-+,.+Hb

+'"' b-!b.,b(b'b"+)%'b+,!Hb

",(/+"' b-!b.+b(+bb",,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

(-"' bb&",,"' b)+,('Hb
")H'H ?b!b%+'+b)"$,b'b+,+!,bb"+'-b0%%_$'(0'b)+,('b+(&b-!b
"%b(b,-.2Hb!b%+'+b-!'b0+"-,bb,)!b+(&b-!",b)+,('V,b/"0)("'-b'b"'b-!",b
)+,('V,b,-2%Hb +'+,b)(,-b-!"+b,)!,b-(bb",.,,"('b(+.&Hb +'+,b(&&'-b('b
!b(-!+V,b,)!,b+(&b-!b)+,)-"/b(b-!b)+,('b"' b"&)+,('-Hb +'+,b



'b-!b)(,"-"(',b-$'b2b-!"+b!+-+,Hb
-b-!b'Ib!b%+'+b&.,-b .,,b-!b

%!"
"'$!$



"'-"-2b(b-!b(-!+b"&)+,('-b!+-+,Hb

5CD
@B13D935C
6?B
B?<5@<1I9>7
C35>1B9?C

(%_)%2"' b,'+"(,b'bb'-+-"'"' Ib'+ "3"' Ib'b!. %2b.-"('%a(+Ib-"&_
(',.&"' b'b+.,-+-"' Hb!b"+'b",b+.%b," 'b(b-!b,"-.-"('b'b
,," '&'-b(b-!b+(%,Hb

>DB?4E35
D85
C35>1B9?
6E<<I


)%%b(.-b-!b-"%,b(b-!b,'+"(Hb!-b",b-!b '+%b,"-.-"('b'b0!-b)+(%&b(,b
"-b)(,b(+b%+'+,Mb!-b+(%,b&.,-b%+'+,b)%2Mb(+b!b+(%Ib0!-b+b-!b
&(-"/-"(',b'b!/"(+,Mb(0b",b,.,,b"'b'b!(0b0"%%b-!b-"/"-2bb,(+Mb
+(/"b%%b-!b(.&'-,b'b(-!+b,(.+,b(b"'(+&-"('b-!-b0(.%bb/"%%b"'b-!b
+%b,"-.-"('Hb!,b'bb+/"-Ib.-b,!(.%b('-"'b'(. !b-"%b-(b%-b%+'+,b
++2b(.-b-!"+b+(%,Hb

CC97>
B?<5C
B5<1D54
D?
D85
CE2:53D

'b-&b,," '&'-,Ib "/b%+'+,b+(%,b-!-b+%-b-(b-!b,.#-b(+b&-)!(+b(b-!b
,," '&'-Hb"$b+(%,b+"!b0"-!b"'-++%-"(',!"),b'b())(+-.'"-",b(+b('%"-b'b
(()+-"('Hbb

(+b1&)%Ib-!b-"/"-2b"'/(%/"' b-!b
+!"--.+%b/"0b(&&"--b!b-!b
(%%(0"' b+(%,Jb
)')1(,-H .,-b0'-b-(b."%b'b"-"('b-(b-!"+b!(&Hb+"(+"-2b",b --"' b&(+b
,)b(+b-!b%,-b1)',Hb/bb'0b2b('b-!b02Ib,(b-"&b",b
(b-!b,,'Hb

,"#..H '-,b-(b -b-!b(&&"--b-(b))+(/b)%',b%+2b+0'Hb b)%',b
+b+#-Ib-!b+!"--b0"%%b%(,b-!b(&&",,"('Hb%%2b',b-!b
#(Hb
/#&#(!H '-,b-(b(&)%-b-!b#(b,b*."$%2b'b"'1)',"/%2b,b)(,,"%Hb
)(.,.),H (,b'(-b0(++2b&.!b(.-b+!"--.+%b).+"-2Hb(,b0(++2b(.-b
,!b%(0b'b(&)%-"' b-!b#(b(+b0"'-+b0-!+b,-,b"'Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
#.3H"#-.),#(H ('+'b0"-!b&"'-"'"' b-!b+!"--.+%b).+"-2b(b-!b!",-(+"b
'" !(+!((Hb%,,"b.+.+-b0"-!bb+ "%b (Hb,'-,b-!b
)(0+b(b-!b"-2b--(+'2Hb
H) H
%,(b('+'b0"-!b+!"--.+%b).+"-2Hb,b'(b(+&%b+!"--.+%b
)''#..H -+"'"' Hb .,-bb.,2(2b0"-!b%(-,b(b-"&b('b!",b!',Hb
#.3H..),(3H ',",-,b-!-b."%"' b(,bb(%%(0b,+.).%(.,%2b'b(,b'(-b
+b-!-b(,b+b,(&0!-b/ .b'b-!-b-!2b('%"-b0"-!b-!b
."%"',b(b-!b
+!"--.+%b/"0b(&&"--Hb(',"+,b-!b"-2b
!",-(+"'b.'",")%"'b'b'(-b-((b"'-%%" '-Hb
#!"),-H ('+'b-!-b-!b'0b"-"('b0"%%b%($b-!"+b/"0b(b-!b
&(.'-"',b(+b,!b-!"+b$b2+,Hb'+%%2b -b%(' b0"-!b-!b
!(&(0'+,b.-b+b#%(.,b-!-b-!b!(&(0'+,b'b1)'b'b
-!2b''(-Hb

b2(.b''(-b.,b+(%,b,,("-b0"-!b-!b,.#-b(b-!b-"/"-2Ib2(.b'b%02,b.,b
'+"b+(%,b-!-b%+'+,b,!(.%b"'b&"%"+bO)Hb<A=PHbb

#1D38
B?<5
D?
@5BC?>1<9DI
1>4
C;9<<C


,," 'b+(%,b+.%%2Hb&)!,"3b)(,"-"/Ib+-"/b+(%,b+-!+b-!'b' -"/Ib+"-"%b
+(%,Hbb,)"%%2b+.%b0!(&b2(.b,," 'b-(b)(0+b)(,"-"(',Ib,.!b,b ' +Ib . Ib
'b+"-"Hb(',"+b-!b)+,('%"-2b(b%+'+,Hb(b-!2b!/b-!b+" !-b&"1b(b!.&"%"-2b
'b,,+-"/',,Mb'b-!2b!'%b-!b)(0+Mb
+b-!"+b,("%b,$"%%,b*.-Mb

%,(b(',"+b-!b,"b,$"%%,b(b%+'+,Hb bb+(%b+*."+,b1-',"/b0+"-"' Ib)"$b,(&('b

0!(b'b0+"-b%+%2b'b*."$%2Hb bb+(%b+*."+,b).%"b,)$"' Ib)"$b,(&('b0"-!b
,)$"' b1)+"'b'b,$"%%,Hb

1F5
<51B>5BC
EC5
D859B
B?<5
>1=5C
9>
=5CC175C

(+b%,,b-"/"-",Ib!/b%+'+,b"'b_&"%Ib!-b,,,"(',Ib'b",.,,"('b(+.&,b)(,-b-!"+b
&,, ,b.,"' b-!b'&,b(b-!"+b+(%,bO!+Ib!b.))(+-Ib(+b .+(+b<PIb+-!+b-!'b
-!"+b)+,('%b'&Hb

?=@1B9C?>
13D9F9D95C

!b(&)+",('b-"/"-2b",bb/+"'-b('b-!b","('b-"/"-2bO)Hb:8@PHb -b%-,b%+'+,b
(&)+b-!"+b","(',b-(b-!(,b(b(-!+b%+'+,b(+b,b!(0b(-!+b%+'+,b"b'b
'%( (.,b)"b(b0(+$Hbb

b
 '$!$
-
(!$



%!"
"'$!$



 

b

+b",bb(&)+",('b
-"/"-2b0!+b-!b
%+'+b'b,b!(0b
(-!+b%+'+,b
)+(+&b-!b,&b



-"/"-2Hb

%!"
"'$!$



b
b
b
b
b
b
b
b
b
b
b
b
b
b
."%-b.,"' b
(b
+&0/+b'b
-"/b
+/+b ,Hb

-'b-!b(&)+",('b",bb +-b,(.+b(b"',)"+-"('Hb -b%-,b%+'+,b+"'-+)+-b-!b

-"/"-2b"'bb&(+b.,.%b&''+Hb -b",b%,(b'b"&)(+-'-b,(.+b(b$b"'b%+'+_%b
_%+'"' Ib0!+b-!+b",b'(b-!+b-(b+"-"*.b-!b0(+$Ib'b"'b,2'!+('(.,b_%+'"' b
0!+b-!+b+b'(-b'(. !b%+'+,b-b-!b,&b)("'-b"'b-!b(.+,b(+bb +(.)b+"-"*.Hb

B?E@3B9D9AE5
13D9F9D95C

!b +(.)_+"-"*.b",b-!b,("%b(+&b(b-!b(+" "'%_0(+$b-"/"-2bO)Hb:8?PHb+(.)b+"-"*.,b
!/b%+'+,b!%)b(-!+b%+'+,b-(b+"'b-!"+b0(+$Hb+(.)_+"-"*.b-"/"-",b-$b
/'- b(b",.,,"('b(+.&,b(+b(-!+b,("%b&"b-(b!%)b%+'+,b%+'b+(&b(-!+b
%+'+,Hb 'b-!b,"&)%,-b(+&b(b +(.)b+"-"*.Ibb%+'+b)+)+,b'b"'"/".%b',0+b
-(bb*.,-"('Ib)(,-,b"-b(+b(-!+,b-(b+"-"*.Ib'b-!'b+/",,b"-b(+b,.&"--"' b-!b"'%b
/+,"('Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

!",b1&)%b,!(0,b-!b,," '&'-b(+bb
+(.)_+"-"*.b-"/"-2Hbb

b
+'+,b+b,$b-(b,%-b-!"+b,-b
)"-.+,Ib,.&"-b-!&b-(b-!b",.,,"('b
(+.&Ib/"0b-!b)!(-( +)!,b(b(-!+b
%+'+,Ib+"-"*.b-!,b)!(-( +)!,Ib'b
"'%%2b-(b,.&"-bb--+b/+,"('b(b-!"+b
(+" "'%b)!(-( +)!,Hb
b
b
b
b
b
+-b"'b "+(,(-b(0+("'-b'b('/+-b(+bb
%"/+2b.,"' b
(b+,'-+Hb"0b1&)%b-b
b !(+-('H(&^%^Hb

b-2)"%b +(.)_+"-"*.b-"/"-2b0(+$,b%"$b-!",Jb"+,-Ib-!b-!+b,," ',b'b(+" "'%_

0(+$b-"/"-2b(+b%+'+,b-(b)+(+&Hb '"/".%b%+'+,b-!'b)(,-b-!"+b)+%"&"'+2b
0(+$b-(bb",.,,"('b(+.&Ib0!+b%%(0b%+'+,b'b,$b*.,-"(',Ib+"-"*.Ib'b,. ,-b
!' ,Hb +'+,b'b-!'b+/",b-!"+b0(+$b'b+,.&"-b"-b(+b'(-!+b+(.'b(b+"-"*.Hb
'b-!b'Ib-!b-!+b/%.-,b%+'+,b,b('b-!b"'%b*.%"-2b(b-!"+b0(+$b'b('b
-!b!%).%',,b(b-!"+b(&&'-,b-(b(-!+,Hb
(.b'b/+2b-!b,"b +(.)b+"-"*.b2b!' "' b!(0b-!b+"-"*.b",b)+(+&Ib0!-b",b
+"-"*.Ib'b0!-b$"',b(b(&&'-,b+b,(%""-Hb

+(.)b+"-"*.,b-!b%+'+,b-(b "/b'b)-b+"-"",&Hb,b-!&b-(Jb

!b%+'+,b-(b+"'b-!"+b0(+$b2b"'(+)(+-"' b-!b",b(b(-!+,Hb

('"-"('b%+'+,b-(b)-b'b"%-+b-!b+"-"",&b(b-!"+b)+,Hb

!b%+'+,b-(b(+b!%).%b+"-"",&Hb

%(b+(&b-!b-!+b&.!b(b-!b0(+$b(b/%.-"' b'b+"-"*."' b%+'+,Hb

b
 '$!$
-
(!$



%!"
"'$!$



 

b
!b/%.b(b +(.)b+"-"*.,b)',b('b-!b*.%"-2b(b-!b(&&'-,b(+b2b-!b
+(.)Hb(+b,-b+,.%-,Ib ."b)+-"")'-,b"'b(+"' b)+-"%Ib'(.+ "' b(&&'-,Hb
('"-(+b'b&(+-b+"-"*.,Hb
'bb)+)+b-(b#.&)b"'b"b-!b(&&'-,b '+-b
"'-(b)+,('%b--$,Hb&"'b+/"0+,b-!-b)+-b(b-!"+b +b)',b('b-!b
!%).%',,b(b-!"+b(&&'-,Hb 

%!"
"'$!$



$%+(
#$$+"
)+))%$)

'%"'b",.,,"(',b+bb,-)%b(b,("%b%+'"' Ib/"+-.%b%,,+((&b(.+,,Ib'b(-!+b
(+&,b(b_%+'"' Hb'%"'b",.,,"(',b+b('b(b-!b&(,-b/(%/b(+&,b(b,("%b
%+'"' Hb

",.,,"('b(+.&,b/%()b+(&b-!b,("%b'b)+(,,"('%b1!' ,b-!-b-(($b)%b
"'b '-+'-b%",-_,+/+,b'b'0, +(.),Hb!,b"'-%%-.%b0-+"' b!(%,b--+-b
"'"/".%,b0"-!b%"$b"'-+,-,b.-b",-'-b%(-"(',b-(bb+b1!' b(b",Hb
'b
%+'"' b-(($b)%Hb

!b.,b(b",.,,"('b-"/"-",b"'b_%+'"' b."%,b('b-!",b"'(+&%b1!' Ib.-b,b'b

""'-b,-+.-.+Hb+V,b!(0b'b('%"'b",.,,"('b&" !-bb.,b"'b(+&%b.-"('Jb

+'"' b,-+-,b,b-!b-!+b)(,-,b'b,," '&'-b-(b-!b +(.)Hb!b,," '&'-b&2b

"'%.b ,b(+b!2)+%"'$,b-(b,," 'b+"' ,Ib*.,-"(',b-(b',0+b"'"/".%%2Ib'b
+(.)b-"/"-",Hb
,," '&'-,b&2b%,(b"'%.b--!b+"' b'b(-!+b',,+2b
&-+"%,Hb
+'+,b+b-!b,," '&'-Hb!2b&2b0(+$b('b"-b"'"/".%%2b(+b"'b-&,b(+b
)(,-"' b-!"+b(&)%-b,(%.-"(',b$b-(b-!b",.,,"('b(+.&b0!+b-!b-!+b'b
(-!+b%+'+,b'b,b"-Ib",.,,b"-Ib'b/%.-b"-Hb
b-2)"%b(.+,b&" !-b(',",-b(b>b-(b
9:b,.!b,," '&'-,Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
5C97>
49C3ECC9?>
13D9F9D95C

'%"'b",.,,"(',b+b'b,,'-"%b)+-b(b&'2b"+'-b$"',b(b%+'"' b-"/"-",Hb!b
-"/"-2b&2b-$b-!b(+&b(bb-b(+b+"',-(+&"' Hb -b&2b"'/(%/b0b(+b&'2b
)+-"")'-,Hb -b&2b(/+b-.%b(+b&(-"('%b,.#-,Hb!b,.,,b(b-!,b-"/"-",b
)',b('b0%%_," 'b('%"'b",.,,"(',Hb.-b ((b",.,,"(',b(b'(-b#.,-b!))'Hb
!2b+b," 'b'b+-b-(b)+(/($b)b-!(. !-b'b('-"'.%b"&)+(/&'-b(b
",b'b()"'"(',Hbb

)D1BD
D85
49C3ECC9?>

(,-b"&)(+-'-b",b-!b02b-!b," '+b%.'!,b-!b('/+,-"('Hb!b",.,,"('b&.,-b
,-+-b0"-!bb,"&)%b"'/"--"('b-(b)+-"")-Hb!b,-b"'/"--"('b",bb,)""b,," '&'-Hb
!-b&$,bb ((b,," '&'-Mb+b+b,(&b-!'"*.,b-(b.,b-(b+-b'b,," '&'-b
-!-b'-",b%+'+,b-(b)+-"")-Jb

&B5@1B5
<51B>5BC
D?
49C3ECC

",.,,"('b-"/"-",b'bb(&)%1b'b-"&_(',.&"' b(+b%+'+,Hb(b',.+b2(.b(b
'(-b('.,b%+'+,b(+b0,-b-!"+b-"&Ib)+(/"b(&)%-b"',-+.-"(',b(+b!b",.,,"('b
-"/"-2Hb!",b1&)%b)+)+,b%+'+,b-(b)+-"")-b"'bb",.,,"('b"'b0!"!b-!2b0"%%b
+"-"*.b-!b0(+$b(b-!"+b%,,&-,Hb(-"b-!b"+'-b)+-,b(b-!",b-"/"-2Hbb







 

 



 

b
 '$!$
-
(!$



%!"
"'$!$



 

b

 



 

 
 



 
 

   
 


  






%!"
"'$!$



b

 
 

   

b





 

 

  
 
 

<<?G
5>?E78
D9=5

'%"'b",.,,"(',b+b'(-b,b,-b,b_-(_b('/+,-"(',Hb
,bb '+%b+.%bb98_
&"'.-b_-(_b('/+,-"('b"'b-!b%,,+((&b0(.%b+*."+Jb

:8b&"'.-,b0"-!b."(_('+'"' Hb

;8b&"'.-,b0"-!b!-Hb

'b-(b-0(b2,b"'bb",.,,"('b(+.&Hb
!b,&b('/+,-"('b"'bb('_!(.+b%,,b&-"' b&2b+*."+bb0$b(+b-'b2,b"'bb
",.,,"('b(+.&Hb

b




%!"
"'$!$



'$!$
-
(!$


b
)5D
E@
>55454
D8B514C

!'b%+'+,b"+,-b++"/b-bb",.,,"('b(+.&Ib-!2b,!(.%b'(-b"'b'b&)-2b
0+!(.,Hb.-b"'b,(&b0%%,b'bb0b+((&,Hb-+-bb0b('/'-"('%b-()_%/%b
-!+,Ib,.!b,Jb

(.,)/.#)(Hb%%b%+'+,b0!-b-!b0!(%b",.,,"('b(+.&b",b(.-b"'b&(+b-"%b
-!'b('b-!b0%(&b-()"Hb.-b'2b'b"',-+.-"(',b!+Hb


'#(#-.,.#0H-/**),.Hb+(/"bb)%b0!+b%+'+,b'b+*.,-b!%)b0"-!b'2b
,)-b(b-!b(.+,b(-!+b-!'b('-'-b(+b-!'(%( 2Hb

"(#&H-/**),.Hb '%.bb-!+b(+b*.,-"(',b(.-b-((%,b'b-!'(%( ",b.,b"'b
-!b(.+,Hb-+-b2b)(,-"' b-!b-!'"%b+*."+&'-,Ib"',-+.-"(',b(+b(-"'"' b
',,+2b-((%,Ib'bb '+%b-+(.%,!((-"' b ."Hb

(,&H)''(.-Hb%'-bb '+%b(&&'-b-!+b-(b(%%-b(&&'-,b-!-b(b'(-b"-b
'2b1",-"' b-!+Hb!b&(+-(+b'b&(/b-!,b(&&'-,b-(b-!b(++-b-!+b(+b
.,b-!&b-(b,-+-bb'0b-!+Hb

./(.H&)/(!Hb-b,"bb",.,,"('b+b0!+b,-.'-,b'b-%$b-(b('b'(-!+b('b
'2b,.#-a0!-!+b+%-b-(b-!b(.+,b(+b'(-Hb

>CEB5
<51B>5BC
81F5
>535CC1BI
C;9<<C

%)b%+'+,b'0b-(b2(.+b",.,,"('b(+.&b%+'b-(b"'-+-b'b-(b(/+(&b-!"+b+b(b
("' b,(&-!"' b-!-b&$,b-!&b%(($b,-.)"Hb!b%+'+,b-!b,,'-"%b,$"%%,b(+b
('%"'b",.,,"('Hb+b",bb,.+/"/%b$"-b(b",.,,"('b,$"%%,Jb

*&3#(!H.)H'--!-Hb&"'b%+'+,b-!-b-!2b&.,-b%"$b-!b*&3b.--('b(+b-!b
,)""b&,, b-!2b0'-b-(b+)%2b-(Hbb

)-.#(!H(1H'--!-H(H-.,.#(!H(1H.",-;H +'+,b&.,-b.'+,-'b-!b
"+'b-0'b1H --!b'b*&3Hb1H'--!b,bb&,, b-b-!b
,&b%/%b,b-!b.++'-b&,, Hb*&3H+-,bb'0b&,, b'-!b-!b.++'-b
&,, Hb(-b!"' b-!",b",-"'-"('b+,.%-,b"'b-' %b-!+,b(b&,, ,b0"-!b'(b
%+b('-1-b"'b0!"!b-(b"'-+)+-b&,, ,Hb

,#.#(!HH&,H-/$.b(+b-!b&,, Hb(+b+)%",Ib-!b.%-b",b#.,-b-(bbWJXb"'b
+('-b(b-!b(+" "'%b,.#-b%"'Hb*."+b%+'+,b-(b+)%b-!",b0"-!bb&'"' .%b
,.#-Hb-!+0",b2(.b!/b&,, ,b-!-b "'bWJbJbJbLHXb

#.#(!H*)-.-Hb!b%+'+,b-(b(++-b,&%%b++(+,b"'b-!"+b&,, ,Hb!2b&2b'(-b
$'(0b-!2b'b%"$b'b#.b.--('b-(b+/",b-!b&,, Hb+'b%+'+,b-!-b"-b",b'(-b
)(%"-b-(b&$b!' ,b-+bb+)%2b"'bb02b-!-b&$,b-!b+)%2b%(($b%,b(+b,"%%2Hb
!b)(%"-b02b",b-(bbb&,, b)("'-"' b(.-b-!-b-!b(+" "'%b,.&",,"('b!,b'b
+/",b'b)+!),b-!'$"' b-!(,b0!(b,. ,-b"&)+(/&'-,Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
#?45B1D5
49C3ECC9?>
13D9F9D95C

'bb"$')b",.,,"('b(+.&b-!b-!+a(+b,(&('b%,a0-!,b(/+b-!b
1!' b(b&,, ,Hb!b)+"&+2b.-2b(b-!b&(+-(+b",b-(b',.+b-!-b%+'+,b!/b
)+(.-"/b",.,,"(',b0"-!b(-!+b%+'+,Hb (+-(+,b)+(+&b-0(b&"'b-,$,Hb"+,-Ib 


-!2b&.,-b,-b.)b-!b",.,,"('b(+.&,b'b-!+,Hb('Ib-!2b&.,-b(/+,b-!b

%!"
"'$!$



('/+,-"(',b-!-b-$b)%b-!+Hb

&93;
D85
B978D
=?45B1D?B

(+&%%2Ib-!b-!+b(+b"%"--(+b(+b-!b(.+,b",b%,(b-!b&(+-(+b(b-!b(.+,V,b
",.,,"('b(+.&,Hb(0/+Ib-!b+*."+&'-,b(+bb&(+-(+b+b"+'-b+(&b-!(,b
(+bb-!+b(+b"%"--(+Hb!b-!+b&2bb-((b.,2b-(b-$b('b(-!b#(,Hb
'Ib"'b,("%b
%+'"' Ib-!b +(.)b&2bb"')''-b'(. !b-(b%-b-!"+b(0'b",.,,"('b&(+-(+Hb

b ((b&(+-(+b",b$'(0% %Ib,.))(+-"/Ib'b+-".%-Hb

"H'),.),H-")/&HH1&&G#( ),'H(H)(H."H&&Hb!b&(+-(+b&.,-b
.'+,-'b-!b,.#-b&--+Ib-!b(&).-+b,2,-&Ib'b'2b,(-0+b.,b2b-!b
",.,,"('b(+.&b(+b(-!+b)+-,b(b-!b%,,Hb+b!/b+2b,,b-(b-!(,b0!(b(Hb

"H'),.),H'/-.H"0HH,#(!H(./,Hb!b&(+-(+b&.,-b--.%%2b'.+b
"',.%-,b'b+.b!/"(+Ib)-"'-%2b"',-+.-b.&%_"' +b-!'()!(,Ib
('-"'.%%2b"'#-b'-!.,",&b"'-(b",!+-'b,(.%,Ib'b+)-%2b%&b.,b'b
.,"/b+,)(''-,Hb

"H'),.),H'/-.HHH-/*,H)''/(#.),Hb!b&(+-(+b&.,-bb%b-(b%",-'b
)%2b'b.+-%2b . b-!b$'(0% b'b&(-"(',b(b(-!+,Hb(-b/+2('b'b
(b-!",Hb!b&(+-(+b&.,-bb,(&('b0!(&b(-!+,b,+"b,b--.%b(+b
")%(&-"Hb
'b-!b&(+-(+b&.,-bb%b-(b1)+,,b(&)%1b",b'b,.-%b
&(-"(',b"'b,"&)%Ib.'(+'b)+(,Hbb
(b0!(b+b-!b#(b'"-,Mb
(+-(+,b'b(&b+(&b,/+%b"+'-b$ +(.',Hb(b)"$bb&(+-(+Ib(',"+b
-!b(%%(0"' b'"-,Jb

",Hb
(.-bA8Bb(b-!b-"&b-!b-!+b",b-!b&(+-(+Hb $b-!",b2(.+b.%-b
!("Hb

"#(!H--#-.(.Hb-'b-!b-!+b0"%%b% -b&(+-(+b.-",b-(b'b,,",-'-b(+b
-!+_"'_-+"'"' Hb (+-"' bb",.,,"('b(+.&b",bb +-b02b(+bb#.'"(+b,-b
&&+b-(b%+'b(.-b%+'+,Hb

(.H!,/.Hb +'+,b0!(b!/b(&)%-b-!b(.+,b&2bb ((b'"-,Ib
,)"%%2b"b-!2b+b('-"'."' b"'b-!b"%b(b-!b(.+,b'b0'-b-(b,-2b"'b-(.!Hb
b

b




%!"
"'$!$



'$!$
-
(!$


b

/.-#H2*,.Hb
b)+-"-"('+b&2b'(-b!/b-"&b-(b-!bb(.+,Ib.-b&2bb0"%%"' b
-(b('-+".-b2b&(+-"' bb",.,,"('b(+.&Hb

'H'',Hb!b%+'"' b-&b&2b-$b+,)(',""%"-2b(+b"-,b(0'b",.,,"('b2b
'(&"'-"' bb&&+b-(b(/+,b",.,,"('b-"/"-",Hb
b2(.b''(-b"'b'b"%b'"-Ib)+!),b2(.b,!(.%b,)%"-b.)b-!b&(+-(+b.-",Hb

b-!'"%%2b)-b,,",-'-b&' ,b-!b-!'(%( 2Ib0!"%b-!b-!+b,)(-_!$,b
&,, ,Ib'bb%+'+b!%),b(.-b(+b1-+b+"-Hb

-5<3?=5
<51B>5BC

(+b!b&#(+b+b(b-!b",.,,"('b(+.&Ib0%(&b%+'+,b-(b-!b",.,,"('b+b'b
1)%"'b0!-b'b0!(&b"-b",b(+Hb $b-!b0%(&b-!b"+,-b&,, b"'b-!-b+Hb+b",b
-!b()'"' b&,, b(+bb",.,,"('b-()"b('b+"-"*."' b)!(-( +)!,Jb

$b%+'+,b%b0%(&Hb '/"-b-!&b-(b)+-"")-Hb%)b%+'+,b"b0!-!+b-!2b
+b"'b-!b+" !-b",.,,"('b(+.&b'b-!b+" !-b-!+Ib,)"%%2b"bb(.+,b!,b&(+b-!'b
('b(+.&b(+b-!+Hb+(/"b%"'$,b-(b(-!+b",.,,"('b(+.&,b('b-!b,.#-b(b-!b%,,Hb

#?45B1D5
13D9F5<I
2ED
4?
>?D
4?=9>1D5


-"/%2b&(+-b-!b",.,,"('b"'b(++b-(b-"/-b%+'"' Hb
'b-"/b&(+-(+b
,!(.%b'(-b%b-(b),,"/b%+'+,Hb!b&(+b-"/%2b-!b(+.&b&(+-(+b+"-"*.,b
)(,-"' ,Ib,b(&&'-,Ib'(.+ ,b)+-"")-"('Ib+_0(+,b&,, ,Ib,)+$,b+-"/"-2Ib
+,(%/,b"&),,,Ib,((-!,b-&)+,Ib!%%' ,b,,.&)-"(',Ib'b)%2,b/"%V,b/(-a
-!b&(+b-"/b%+'+,b(&Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
'-+/'b0!'b',,+2Ib.-b('%2b,b&.!b,b',,+2Hb(b'(-b'"-_)"$Hb -b),,b&"'(+Ib
"+,-_-"&b%),,Hb '2b-"&,b,("%b)+,,.+b0"%%b-$b+b(b-!b)+(%&Hb b&"'(+b
)+(%&,b+()b.)b+)-%2Ib)(,-bb '-%b '+%b+&"'+Hb
'b "/b"-b-"&b-(b,"'$b"'Hb
%"/+b)(%"-b+*.,-,b,$"' b('+,b-(b&("2b-!"+b!/"(+Hb
,,.&b-!2b+b#.,-b
+%,,b(+b-((b.,2b-(b+b-!b+.%,Hb/b!" !_)(0+b"'-+/'-"(',b(+b&.%-")%_ 


+)-+,b'b(+b,+"(.,b)+(%&,Hb!'b)(.'Hb

%!"
"'$!$



!55@
D85
3?>F5BC1D9?>
<9F5<I

!b+(%b(b-!b&(+-(+b&2b'(-bb!" !%2b/","%Ib.-b"-b",b'/+b),,"/Hb!b
&(+-(+b",b%"$b-!b&!'"b(+bb(&)%1b)"b(b&!"'+2Ib +,"' bb,*.$2b)+-b
!+Ib%+"' bb#&b-!+Ib%"))"' bb%(0'b"+."-b+$+b0!'b%%b&(-"('b,-(),Hb!b
&(+-(+b(,b0!-/+b"-b-$,b-(b$)b-!b",.,,"('b(+.&b+.''"' b-b)$b""'2Hb

b!/b%%b$'(0'b)()%b0!(b+b%02,b-b-!b'-+b(b"'-+,-"' b('/+,-"(',Hb
-'b-!2b+b'(-b-!b(',b0!(b(b-!b&(,-b-%$"' Ib2-b-!2b(b,(&-!"' b-(b$)b(-!+,b
-%$"' b-"/%2Hb!b",.,,"('_(+.&b&(+-(+b'b$)b('/+,-"(',b%"/%2b2b
.,"' bb0b)+(/'b-!'"*.,Jb

-+-b'0b-!+,b2b)(,-"' b"'-+,-"' Ib)b*.,-"(',Hb

+."-bW .,-,Xb-(bbb+,!b)+,)-"/b(+b,$b(+" "'%b*.,-"(',Hb

,)('b-(b%%b"'*."+",b-!-b (b.'',0+b(+bb0b2,Hb

(++-b%%b&",(')-"(',b(+b-!2b)+() -Hb

&"'b)+-"")'-,b(b-!b+.%,b,b',,+2Hb

+-b'0b-!+,b(+b"'-+,-"' b",b-!-b,)+"' b.)b)b0"-!"'b1",-"' b-!+,Hb

+)b.)b-"+b",.,,"(',b2b,.&&+"3"' b-!&bO(+b,," '"' b-!(,b.-",b-(b
%+'+,PHb

81<<5>75
C81<<?G
D8?E78D

(b'(-b)-b&+b()"'"(',Hb+(&)-b%+'+,b-(b)+(/"b-!b/"'b'b%( "%b-!(. !-b
!"'b-!"+b()"'"(',Hb!%%' b()"'"(',b2b+,)('"' b%"$b-!",Jb
b0,b"'-+" .b2b2(.+b',0+bQ.(-b"-HRb'b2(.b1)%"'b0!2b2(.b%b,(Mb
"b)+-".%+b1)+"',Ib+,+!Ib(+b(-!+b/"'b%b2(.b-(b-!",b()"'"('Mb
b/+2('b%,b +,b0"-!b'b()"'"('Ib-$b-!b())(,"-b()"'"('Hb%2b/"%V,b/(-Hb
+'"' b-&,b(-'b," '-b('b(b-!"+b&&+,b-(b"%%b-!",b+(%Hb+b+b,(&b
+,)(',,b-(b,-"+b.)b-!(. !-Jb

 Ib-!'b',0+b&b-!",bLb

b%"&b-!b())(,"-Hb'b2(.b)+(/b&b0+(' Mb

.-b0!-b"bLMb

.))(,b#.,-b-!b())(,"-b0+b-+.Hb!-b-!'Mb

b
  



%!"
"'$!$



'$!$
-
(!$


b
&5B6?B=
=5CC175
=19>D5>1>35

,, ,b,!b(b"'b!,-b'b,(&-"&,b (b,-+2Hb
b,%" !-b&",0(+"' b'b+/+,b
-!b"'-'b&'"' Hb(b&"'-"'b&,, b*.%"-2Ib-!b&(+-(+b,!(.%Jb

+(.-b&","+-b&,, ,b-(b-!b(++-b-!+Hb
'b"'(+&b-!b)(,-+b(b-!b
!' b'b-!b+,('b(+b"-Hb

0(+b.'%+b(+b"'.+-b,.#-b!+,Hb

"1bO(+b!/b-!b,'+b"1Pb-+ "b-2)(,b(+b"'-%b&",,--&'-,Hb

(5:53D
9>1@@B?@B91D5
@?CD9>7C

!b&(+-(+b,!(.%b+#-b)(,-"' ,b-!-b%+%2b/"(%-b(.+,b)(%"",Hb"2b(+b1)%b
' +2b%&+,Hb&(/b&,, ,b-!-b(-!+b%+'+,b(&)%"'b(.-b"b2(.b +b-!2b+b
'(-b))+()+"-Hb b2(.b&.,-b+#-bb)(,-"' Jb

1)%"'b1-%2b0!2b2(.b+#-b-!b)(,-"' Hb&"'b-!b,.&"--+b(b2(.+b,-'+,b
(+b)(,-"' ,Hb

+b-!b,.&"--+bb!'b-(b+_,.&"-b-+b,)""b!' ,b+b&Hb

*."+b'b)(%( 2b"b-!b)(,-"' b.'.%2b"',.%-b(+b('b(-!+,Hb

("'-b(.-b'2b/"(%-"(',b(bb+(+b)(%"2b'b-!b(',*.',b(b/"(%-"' b"-Hb

6
=5CC175C
1B5
@?CD54
9==5491D5<I
K

'b,(&b",.,,"('b(+.&,Ib&,, ,b+b)(,-b"&&"-%2b0"-!(.-b-!b&(+-(+b
,"' b-!&Hb 'b-!",b,Jb


%+-b)+-"")'-,b-(b-!",b,"-.-"('b'b0+'b-!&b-!-b,(&b"'))+()+"-b&,, ,b
&2b,%")b2Hb

b%%b'0b&,, ,b+*.'-%2Ib'b"&&"-%2b%b0"-!b"'))+()+"-b(',Hb

b'b(',"/b&,, b,%"),b2Ib+&(/b"-b'b)(,-b'b)(%( 2b-(b-!b +(.)Hb
%,(b
+*."+b-!-b-!b.-!(+b(b-!b&,, b)(,-b'b)(%( 2Ib-((Hb

$b%+'+,b+,)(',"%b(+b)(%""' b",.,,"('Hb -b-!&b$'(0b-!-b2(.b0"%%b,,",-b
-!&Ib.-b+&"'b-!&b-!-b"-b",b-!2b0!(b"b0!-b",b'b",b'(-b))+()+"-Hb

&(%#%*
*#
"($$

!b-&b",bb.'&'-%b,("%b.'"-b"'b(&)%1b(+ '"3-"(',Hb 'b&'2b'-+)+",,Ib-!b
-&b",b0!+b&(,-b(b-!b0(+$b -,b('Hb(b,.+)+",Ib-!'Ib-!-b-&b%+'"' b",bb
)+(&"''-b)+-b(b,("%b%+'"' Hb

b-&b",bb,)"%b$"'b(b,("%b +(.)Hb -b",b'(-b'b+"-++2b +(.)b(b)()%b,%b
0"-!bb,"' %b0(+$b,," '&'-Hb
b-&b"'%.,b"'"/".%,b0(+$"' b-( -!+b-(b).+,.bb

b
 '$!$
-
(!$



%!"
"'$!$



 

b
(&&('b (%b(+b-(b+%"3bb,!+b/","('Hb
b-&b",b&(+b-" !-%2b.'"-b-!'bb,!((%b
%,,b(+bb.,"',,b(&&"--Hbb
(+b,("%b%+'"' Ib-0(b-2),b(b-&,b+b"&)(+-'-Jb

(+$b-&,b0!(,b)+"&+2b).+)(,b",b-(b(b0(+$b.-b0!(b%,(b!/b-(b%+'b"'b(++b 


-(b(b-!-b0(+$Hb

%!"
"'$!$




+'"' b-&,b0!(,b)+"&+2b (%b",b-(b%+'b.-b0!(b(b+%",-"b0(+$b"'b(++b-(b
%+'Hb
&b%+'"' b",b,)"%%2b-"/b0!'b%+'"' b(.+,b"'b-!b,&b-&b-!-b0"%%b
))%2b%+'"' Hb!b&(,-b/%.%b-!"' bb-&b%+',b",b!(0b-(b%%(-b0(+$b'b
","('_&$"' b&(' b-&b&&+,Hb&b%+'"' b%,(b0(+$,b(+b-!"' bb,$"%%b-!-b
0"%%bb))%"b,bb-&Ib'(-b"'"/".%%2Hbb
(+b ("' b.+-!+Ib0b,!(.%b$'(0% b-!-b-!b-+&b)"8!'##b",b#.,-bb
&-)!(+Hb%-"&-%2b-&,b%+'b,b"'"/".%,Ib'b-!"+b(%%-"/b!/"(+,b(&b
-!b!/"(+b(b-!b-&Hbb&.,-b'(-b(+ -b(.+b+,)(',""%"-2b-(b.-b!b(b-!,b
"'"/".%,Hb

#55D
D85
B5AE9B5=5>DC
?6
1
CE335CC6E<
D51=

'b%+'"' b-&,Ib,b"'b0(+$b-&,Ib,.,,b)',b('b-!b&&+,!")b'b)+(,,,b(b
-!b-&Hb!-Ib-!'Ib+b-!b!+-+",-",b(bb,.,,.%b-&Mb

",H!)&Hb
%%b&&+,b0(+$b-( -!+b-(b(&)%",!bb)"b(b0(+$b(+b-(b&-bb
%+'"' b(#-"/Hb!b (%b'bb%+ b'b(&)%1Ib.-b&.,-bb,!+b2b%%b
&&+,b(b-!b-&Hb

#!".H-#4Hb!b-&b&.,-b!/b'(. !b&&+,b-(b)+(/"b%%b-!b'b)"%"-",b
'b-(b,!+b-!b0(+$%(Hb -b&.,-bb,&%%b'(. !b-(b((+"'-b"-,b(0'b-"/"-",Hb(+b
,("%b%+'"' Ib-&,b(b<b-(b?b+b)+-"%Hb + +b-&,b+b"".%-b(+b",-'-b
&&+,Hb

2*,.#-H),H--H.)H#.Hb(%%-"/%2b-!b&&+,!")b&.,-b!/b-!b'b,$"%%,b'b
$'(0% Hb+b"-b&.,-b!/b,,b-(b+,(.+,b-!-b"%%b'2b ),Hb


/."),#.3H.)H+/-.#)(H(H#(()0.Hb"-!"'b-!b-&Ib%+'+,b&.,-b%b+b-(b
*.,-"('Ib,).%-Ib+"-"*.Ib&"-b&",-$,b(+b.'+-"'-2Ib'b,)$b-!"+b&"',Hbb

#'H.)H ),'H(H)*,.Hb&,b+*."+b," '""'-b-"&b-(b(+&Ib&-.+Ib'b
()+-Hb+.b-&,b+b++b"'b,!(+-b(.+,,Hb


#&#.3H.)H,"H)(-(-/-Hb(',',.,b",b'(-b+," '-"('Hb -b",b'(-b('b()"'"('b
*.",b-(b2b%%Hb -b",b'(-b+.-"('b-(b%(0,-b(&&('b'(&"'-(+Hb -b",bb%)b-(bb
'0b"b--+b-!'b'2b"'"-"%b",Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
?B=
1
D51=
6B?=
9>49F94E1<C

&b(+&-"('b",b-!b%"'!)"'b(b-&b%+'"' Hb(+b-"/b%+'"' b'b-$b)%Ib
-!b +(.)b(b,%-b"'"/".%,b&.,-b-+',(+&b-!&,%/,b"'-(bb-+.b-&Hbb

96693E<D95C
9>
D51=
6?B=1D9?>

&b(+&-"('b,b-!+b&"'b!.+%,Jb

#'Hb!b-+',(+&-"('b+(&b +(.)b-(b-&b-$,b," '""'-b-"&Hb"&b,)'-b
(+&"' b-!b-&b",b-"&b'(-b,)'-b%+'"' Hb

#-.(Hb $"' b_-(_b('--Ib-&b&&+,b!/b%"&"-b02,b-(b -b-(b
$'(0b!b(-!+Hb

#0,-#.3Hb(bb-"/Ib-&b&&+,b&.,-b)(,,,,bb0"b+' b(b-%'-,Ib
$'(0% Ib'b)+,)-"/,Hb(0/+Ib-!",b,&b"/+,"-2b'b%b-(b('%"-Hb

(5AE9B54
CD5@C
?6
D51=
6?B=1D9?>

(b(&bb-&Ibb +(.)b(b)()%b&.,-Jb

-b-(b$'(0b!b(-!+b0%%b'(. !b-(b"b0!(b,!(.%b)+(+&b"+'-b0(+$b
,," '&'-,b'b-(b/%()b-+.,-b"'b0(+$b('b2b-&&-,Hb


+b('bb(&&('b (%Ib&",,"('Ib(+b/","('Hbb


,," 'b"'"-"%b+(%,b-(b-&b&&+,Hb

/",b'b,.,+"b-(b,-'+,b(b)+(,,"('%b!/"(+b'b0(+$b+,.%-,Hb

'-"2b ),b(b-%'-b(+b$'(0% b'b"b!(0b-(b"%%b-!&Ib(+b1&)%Ib2b
('.-"' b+,+!b(+b2b++."-"' b'0b&&+,Hb


+b('b"'"-"%b-&b)+(,,,b'b)+(.+,Hb

<97>
7?1<C
?6
D51=
=5=25BC

&b&&+,b&.,-b,!+bb(&&('b (%Hb(+bb%+'"' b-&Ib-!b (%b",b-2)"%%2b
,," 'b2b-!b"%"--(+Hb(+bb0(+$b-&Ib-!b (%b&2bb,," 'b2bb!" !+b%/%b
&' +Hb 'b,(&b,,Ib-!b-&b&2bb "/'bb '+%b(+b/ .b"+-"('b'b,$b-(b
"'b"-,b(0'b (%Hb
'b'2b,Ib-&b&&+,b&.,-b,.,+"b-(b-!-b (%b2b%" '"' b-!"+b"'"/".%b (%,b
-(b-!b (%b(b-!b-&Hb!2b&2b%,(b'b-(b+,--b-!b (%b"'b-+&,b&'"' .%b-(b-!b
0!(%b-&Hb
'b,--"' b'b%" '"' b (%,Ibb0b-&b-"/"-",b&2b!%)Jb

)(-)&#.H#(.,*,..#)(-Hb&b&&+,b"'"/".%%2b%",-b0!-b-!2b0'-b-(b
(&)%",!b,b)+-b(b-!b-&Hb-!+b&&+,b-+2b-(b,2b!(0b-!(,b"-&,b%" 'b0"-!b
-!b,," 'b(/+%%b (%Hb!b-&b(&,b-(bb(',',.,b,b-(b0!-b-!b-&V,b (%b
0"%%bHb

b
 '$!$
-
(!$



%!"
"'$!$



 

b

 #(H."H!)&Hb 'bb +(.)b",.,,"('Ib!/b!b-&b&&+b,--b!(0b!",b(+b!+b
(%b+,&%,b-!b,," 'b (%b'b!(0b"-b"+,Hb&b&&+,b-!'b+"'b-!b
(%b,--&'-b,(b-!-b"-b'b--+b))%2b-(b-!b +(.)b,bb0!(%Hbb

H."H#!H*#./,Hb 'b-&b%+'"' Ib%+'+,b&2b(.,b('b"&&"-b',b(+bb
%((&"' b%"'Hb(b!%)b-!&b(.,b('b-!b" b)"-.+Ib!/b%+'+,b,.&"-b 


1&)%,b(b-!"' ,b-!-b,&b"&)(+-'-bb0b2+,b (b.-b+b'(-b"&)(+-'-b'(0Hb

%!"
"'$!$



!,b&2b"'%.b"'"'-,b(+b,b"'b)().%+b.%-.+Ib,.!b,b,%' b1)+,,"(',Ib
%+"-",Ib(+b%(-!"' Hb!'b,$b(+b,"&"%+b"-&,b"'b-!b"%b(b"'*."+2Ib,.!b,b
-!(+",Ib)+,('%"-",Ib(+b-((%,Hb
,$b-!b-&b-(b+0b.)b ."%"',b-(b)+"-b0!-b
0"%%b%,-b'b0!-b0"%%b'(-Hb

"51B>
G8?
31>
4?
G81D

(b0(+$b,bb-&Ib%+'+,b&.,-b(+&b.+-b()"'"(',b(b-!b-%'-,Ib,$"%%,Ib$'(0% Ib
'b!+-+b(b%%(0b-&b&&+,Hb!",b'bb!+Hb (,-b'b,!2b"'"/".%,b&2b
(0')%2b-!"+b)"%"-",Hb-!+,Ib+"' b(&)+",('Ib&2b1 +-b-!"+b
)"%"-",Hb '2b+b.'0+b(b-!"+b(0'b,-+' -!,Hb

?B57?
DB149D9?>1<
9352B51;5B
13D9F9D95C


/("b-"/"-",b0!+b-&b&&+,b%+'b"++%/'-b-"%,b(.-b%%(0b%+'+,Ib,.!b
,b-!"+b/(+"-b(%(+Ib-!"+b&"%b'&Ib(+b-!"+b/(+"-b&(/"b,-+Hb

.!b-"/"-",b('V-b+/%b'2-!"' b)b(.-b-!b)+,('Hb!2b0,-b-"&b"'b-&b
(+&-"('b-!-b(.%bb,)'-b%+'"' b(.-b-!b1)+-",b(b-&b&&+,Hb
'Ib,-+-"' b
0"-!b'b(/"(.,%2b-+"/"%b-"/"-2b," '%,b-!b.'"&)(+-'b(b-!b-"/"-2b'b)+!),b-!b
0(+$b-!b-&b0"%%b(Hb

H@<939D<I
B5F51<
9>49F94E1<
5H@5BD9C5

+(/"b02,b%+'+,b'b%+'b(.-b!b(-!+Hb/b-!&b)(,-b+%/'-b"'(+&-"('b
(.-b-!&,%/,Ib(+b1&)%Jb

+'-"%,Ib,.!b,b +,Ib%"',,Ib'b+-""-"(',Hb

(+$b,&)%,Ib"'%."' b-!(,b+(&b!(",Hb

"( +)!2Ib+4,.&4Ib(+b.++".%.&b/"-Hb

.,-"(''"+b-(b%""-b+%/'-b"'(+&-"('Ib,.!b,Jb+"(+b#(,Ib,"b#(,Ib!(",Ib
/(%.'-+b0(+$Ib+-",-"b+-"(',Ib"'-+,-,Ib-+/%Ib0+,Ib.-"('Ib%' . ,b
,)($'Ib,)(+-,b'b)!2,"%b-"/"-",Ib'b(+ '"3-"('%b&&+,!"),Hb

%_%,,""-"('b-"/"-2Hb,"' b-,$_+%/'-b+"-+"Ib,.!b,b1)+-",b+"-"%b(+bb
,)""b+(%b('b-!b-&Ib!/b-!b&&+,b%,,"2b-!&,%/,b%(' bb,%b(+b"'-(b
"'b,. +(.),Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

%_,,,,&'-Hb(+b!b+"-"%b+b(b1)+-",Ib,$b!b-&b&&+b-(b"'-"2b
-!b%"' b1)+-b"'b-!b0(+%b'b-(b,2b!(0b!b(+b,!b",b%"$b-!-b)+,('Hb

"+',b+(&b-!b,-+(-2)Hb/b&&+,b"'-"2bb02b-!2b!/b'b
,-+(-2)b"'b-!b),-b'b-(b%",-b02,b-!2b"+b+(&b-!-b,-+(-2)Hb&"'b
)+-"")'-,b-!-b,-+(-2),b))%2b-(b)+(,,"(',bO' "'+Ib(.'-'-Ib'b,%,&'Pb
-((Hb

/(+"-,Hb
,$b%+'+,b-(b"'-"2b"-&,b-!2b&"+Hb!,b,!(.%bb"'b- (+",b
+%/'-b-(b-!b,.#-b(b%+'"' Hb(+b1&)%Ib,$b-&b&&+,b-(b"'-"2b-!"+b
/(+"-b'('_"-"('b(($Ib(.&'-+2b"%&Ib.,"',,)+,('Ib(+b,"'-",-Hb

'+.-"%"3b"%"-",Hb/b%+'+,b"'-"2b-%'-,Ib,$"%%,Ib+,b(b$'(0% b-!-b
-!2b)(,,,,b.-b,%(&b -b-(b))%2Hb

ED
>?D
D??
=E38
9>6?B=1D9?>

(b'(-b+*."+b%+'+,b-(b+/%b"'(+&-"('b-!-b(.%b&++,,b-!&Ib",-+-b(-!+,Ib
(+b%b-(b)("'-%,,b('%"-Hb b," '"' bb(.+,b(+b)()%b+(&b.%-.+,b0"-!b0!"!b2(.b
+b'(-b&"%"+Ib(b,(&b+,+!b('b('%"-,b0"-!"'b-!-b.%-.+Hb$b+b(+b
+*."+"' b%+'+,b-(b+/%b-!"+Jb

%" "('Ib'(&"'-"('Ib(+b,-Hb

(%"-"%b"%"-"('b(+b/"0,Hb

&+,!")b"'b('-+(/+,"%b(+ '"3-"(',Hb

Ib-!'"b +(.)Ib(+b-+"%b"%"-"('Hb

1.%b)++'Hb

,b-!b-&b&-.+,Ib%+'+,b0"%%b "'b-(b-+.,-b!b(-!+b'b0"%%b'-.+%%2b+/%b&(+b
"'-"&-b-"%,Hb

1F5
D51=
=5=25BC
<51B>
12?ED
5138
?D85B

'b-&b&&+,b!/b+/%b-!"+b1)+-",Ib(',"+b,," '"' b-!b-&b-!b-,$b(b
,,,,"' b-!b1)+-",b(b%%(0b-&b&&+,Hb+b+b,(&b-"/"-",b-(b!%)b-!&b(b
-!-Jb

.,#2H,.#(!Hb/b!b-&b&&+b+-b!",b(+b!+b,-+' -!,b'b0$',,,b"'b
+"-"%b-&b,$"%%,Hb!'b!/b-&b&&+,b+-b!b(-!+Hb(',(%"-b'b
,.&&+"3b+-"' ,b,(b!b)+,('b,,b!(0b-!2b+-b-!&,%/,b'b!(0b(-!+,b
+-b-!&Hb

%H&#-.H) H!)G.)H*)*&Hb/b!b)+,('b%",-b-!b$"',b(b","(',b-!b-&b0"%%b
!/b-(b&$b'b0!"!b-&b&&+V,b/"b0(.%b!%)b&(,-b"'b&$"' b-!-b
","('Hb

)'*#&H(H2*,.#-H.&)!Hb
+b('b-&b&&+,b-(b,+/b,b1)+-,b'b
!$+,b"'b!b(&"'Hb

b
 '$!$
-
(!$



%!"
"'$!$



 

b

."H2*,.#-H(H'',Hb/b&&+,b)+"/-%2bb-!"+b1)+-",b-(bb%",-Hb
!'b%-b&&+,b,$b*.,-"(',b(b!b(-!+b-(b-+2b-(b&-!b-!b1)+-",b-(b-!b
(++-b-&b&&+bO(+b&&+,PHb

'G'',H#(!)Hb/b-!b-&b"%%b"'bb"' (b+b-(b"'-"2b('b(&&('b"-&b
-0'b!b-0(b&&+,Ib,.!b,bb,$"%%Ib"'-+,-Ib(+b$ +(.'b1)+"'Hb 

%!"
"'$!$



4?@D
D51=
B?<5C

-b-!b-&b"'b'b"%%b+(%,Hb
b+(%b('bb-&b"'%.,bb%.,-+b(b.-",Hb(b$)b-!b
-&b,&%%Ib!b&&+b&2b!/b-(b"%%b&.%-")%b+(%,Hb
+b+b,(&b.,-(&+2b-&b+(%,Jb

)&H -,#*.#)(H

)),#(.),H '-"",b',,+2b-,$,b'b)''",b&(' b-!&Hb!.%,b

'b-+$,b-"/"-",Hb. ,-,b,," '&'-,Hb

)'*,)'#-H . ,-,b02,b-(b+,(%/b('%"-,Hb'b"-!+b,. ,-bb'0b"b(+b

#(,H b)+(,,b(b-+&"'"' b0!"!b(b-0(b(&)-"' b",b",b--+Hbb

0#&B-H .+,b "',-b +(.)-!"'$Hb
+ .,b.')().%+b'b.'(.'b

0).H )(,"-"(',Hb!%%' ,b'2b!,-2b(',',.,Hb '-"",b)(,,"%b%(' _
-+&b(+b.'"'-'b(',*.',b(b'2b)+()(,%,Hb

,)/*G ,+/,b"'-+)+,('%b(&&.'"-"('Ib","('_&$"' Ib('%"-b

*,)--H +,(%.-"('Ib'b(-!+b,)-,b(b-&b()+-"('Hb("'-,b(.-b0!+b
')(#.),H -!b-&b'b()+-b--+b(+b0!+b"-b",b/"(%-"' b"-,b(0'b
,-'+,b(b('.-Hb

),&H ('"-(+,b-&b&(+%b'b"'-+/',b0!+b%(0b&(+%b%"&"-,b-&b
))-.,H )+(+&'Hb(+$,b-(b+'  b-!(,b0!(b&2b!/b0"-!+0'b(+b
-(b(.',%b-!(,b0!(b+b-((b +,,"/Hb

#-/--#)(H ('"-(+,b",.,,"('b-"/"-",Hb$,b,-),b0!'b",.,,"(',b,-%%Ib
'),.),H ,-+2b(b-()"Ib(+b(&b(&-"/Hb

)/,(&#-.H (.&'-,b-!b-&V,b()+-"(',Hb+"-,bb%( b,.&&+"3"' b

",(/+",Ib(,-%,Ib'b+(.-"'b()+-"(',b(b-!b-&Hb

/'',#4,H +-,b('",b,.&&+",Ib,-+-,Ib(.-%"',Ib'b('%.,"(',b-!-b
('',b1-',"/b-b'b(&)%1b&-+"%Hbb

b




%!"
"'$!$



'$!$
-
(!$


b

/!H .%,b('b-!b+%/'b'b))+()+"-',,b(b&-+"%Hb
,bb%,-b
+,(+-Ib,--%,b",).-,b(+b0!"!b'(b(&)+(&",b(+b(-!+b+,(%.-"('b
'bb(.'Hb

13,H '-"",b'b(&&'-,b('b% %b",,.,b+",b2b-"/"-",b(+b

)+()(,%,Hb

##-)(H1#."H ((+"'-,b",.,,"(',Ib"'-+/"0,Ib,2&)(,"Ib'b(-!+b
)/.-#H (&&.'"-"(',b0"-!b(.-,"b1)+-,Hb',.+,b-!-b%%b('--,b+b
2*,.-H )+(,,"('%b'b(.+-(.,Hb

),G +"-,b-!b-1-b(+b(+&%b+)(+-,Hb 2b%,(b('-+".-b-1-b-(b

1,(!&,H )+,'--"(',Hb

#./,G +)+,b)!(-( +)!,Ib+0"' ,Ib" +&,Ib'b!+-,b'b(+b

'%,H +)(+-,b'b)+,'--"(',Hb

,-(..#)(G +-,b'b%"/+,b(+&%b)+,'--"(',b-(b(.-,"+,Hb 2b"'%.b

'%,H -1-Ib +)!",Ib'b(-!+b&"b+(&b%%(0b-&b&&+,Hb

#.),H "-,Ib'!',Ib'b)(%",!,b-!b0(+$b(b(-!+,Hb(,b'(-b+"-""3Ib
.-b(,b(+b--+b%-+'-"/,Hb

/(.#..#0H +(+&,b(+b/+"",b&-!&-"%b%.%-"(',Hb(&).-,b,--",-",Hb
(&3-.H +-,b,)+,!-,b'b2b-!b-&Hb

-,",H +$,b(0'b,(.+,b(b+%/'-b"'(+&-"('Hb,(%/,b-.%b
",).-,Hb

"()&)!#-.H (&&',Ib*."+,Ib'b('" .+,b(&).-+,Ib'-0(+$,Ib

&("%b/",Ib'b(-!+b-((%,b'b2b-!b-&Hb!,b-&b
&&+,b-(b.,b-!,b-!'(%( ",Hb

"),3G .,b)+"'")%,Ib-+',Ib(')-,Ib'b-!(+",b+(&b('+-b
),',H -Hb'+%"3,b",b,(b-!2b'b))%2b&(+b0"%2Hb%),b(-!+,b
,b-!b" b)"-.+Hb

"),3G.-.,H /",,b02,b-(b%( "%%2b'b('/"'"' %2b/+"2b)+()(,b-!(+",b

'b!2)(-!,,Hb
b

&93;
1
<5145B
1D
<51CD
D?
CD1BD


b%+%,,b-&b",b%"$bb+.+%,,b,!")Kb"-b'b('%2b+"-b'b,)"'Hb bb%+b(,b'(-b
&+ b-!+(. !b-!b)+(,,b(b-&b(+&-"('Ibb-&)(++2b%+b&.,-bb!(,'Hb!b

b
 '$!$
-
(!$



%!"
"'$!$





b
-&b&2b!((,bb-&b%+b-b+'(&b(+b&2b"b-(b+(--b%+,!")b-!+(. !b
&&+,Hb 'b'2b,Ibb-&)(++2b%+b,!(.%bb!(,'b-(b -b-!b-&b&(/"' Hb

*51=
@B?35CC5C




'b-!b-&b",b(+&b'b",b+2b-(b "'b%+'"' b(+b+%b0(+$Ib"-b0"%%b'b)+(,,,b

%!"
"'$!$



-(b ."b"-,b()+-"(',Hb(b+!b"-,b (%Ib-!b-&b&.,-b/",b)+(.+,Ib)(%"",Ib'b
)+(,,,b-(Jb

+."-b'0b&&+,Hb

'"-"-b-!&b"'-(b-!b +(.)Ib-!-b",Ib-(b"'-+(.b-!&b-(b!b-&b&&+Ib-(b+"' b
-!&b.)b-(b-b('b-!b-&V,b)+( +,,Ib'b-(b,," 'b-!&bb&'"' .%b+(%Hb

/"0b'b"'- +-b0(+$b('b2b,)+-b-&b&&+,Hb

%'b-!b'1-b)!,b(b0(+$b'b%%(-b"-b&(' b-&b&&+,Hb

%b0"-!b.'1)-b/'-,Hb

'b"-"('Ib-!b-&b&2b'b-(b+/","-b'2b(b-!b","(',b"-b&b.+"' b-&_
(+&-"('Hb

)5D
>?B=C
?6
2581F9?B

!b-&b,!(.%b,-b'b'(+b"-,b(0'b,-'+,b(b('.-Hb'b02b",b-(b!+-bb
&-+"1b(b+-"(',Hb/b-!b-&b+"',-(+&b-(b(',-+.-bb%",-b(b(&&('b-&b
!/"(+,a)(,"-"/b'b' -"/Hb!'b,.+/2b"-,b&&+,b'('2&(.,%2b-(b,b!(0b
!b&&+b%,b(.-b!b!/"(+Jb(,b-!b!/"(+b!%)b(+b!"'+b)+( +,,Mb(0b
,-+(' %2b(b-!2b%Ib)+(b(+b('Ib(.-b-!b!/"(+Mb",)%2b+,.%-,b'('2&(.,%2Hb/b
%+'+,b",.,,b-!b"&)%"-"(',b'b-!'b+"/b,)""b'(+&,b(b!/"(+Hb

*51=
G1B=E@
13D9F9D95C

+&_.)b-"/"-",b+b,"&)%b-,$,b-!-b!%)b-&b&&+,b -b-(b$'(0b!b(-!+b
--+Ib."%b-+.,-b&(' b&&+,Ib-,-b-&b)+(,,,b'b'(+&,b(b!/"(+Ib'b
/%()b%+,!")b'b(&&.'"-"(',b)+(,,,Hb

+&_.)b-"/"-",b+*."+b%+'+,b-(b0(+$b-( -!+b('b&'"' .%b-,$,Hb+b+b,(&b

-2)"%b0+&_.)b)+(#-,Jb

,.HH.'H-3')&Hb
,bb-&Ib/",bb,2&(%b-!-b+)+,'-,b,.#-_+%/'-b
1)+-",b)(,,,,b2b-!b-&Hb!b,2&(%b'bb'b+('2&Ibb)(+-&'-.b0(+Ib
(+bb%( (Hb

&(HH*,)$.Hb"b!(0b-(b++2b(.-bb(&)%1Ib.-b0%%_.'+,-((b)+(#-b"'b-!b
"%b(b"'*."+2Ib(+b1&)%Ib-(b)%'bb!%_!(.+bb(.&'-+2b('b,(&b",,.b(+b
,)-b(b-!b,.#-Hb%''"' b-!b)+(#-b0"%%b+*."+b0(+$"' b-( -!+b-(b"'-"2b-!b
(%b'b,-+-"' b)("'-Ib"'"' b',,+2b-,$,Ib+,+!"' b)''",b'b(-!+b
+*."+&'-,Ib,*.'"' b-,$,Ib'b+/","' b-!b)%'Hbb

b




%!"
"'$!$



'$!$
-
(!$


b

/,0#0H .,H."H &&Hb/b-!b-&b"& "'b-!-bb %(%b-,-+()!b!,b%-b('%2b
-!b&&+,b(b-!b-&b%"/Hb!-b%+,!")b,!&b'b+(%,b0(.%bb'Mb
!-b%0,Mbb

,.HH*)-#.#)(H**&#.#)(Hb
,bb-&b(&b.)b0"-!b*.,-"(',b-(b*.%"2b,(&('b
-(b#("'b-!b-&b(+b-(b"%%bb+(%Hb

&3HH!'H.)!.",Hb%2bb &b(+b,(%/bb).33%b,bb-&Hb(+b1&)%Ib-!b-&b
(.%b('.-bb,"&.%-"('b(bb.,"',,b)+(,,Ib,,&%bb#" ,0b).33%b(bb
,.#-_+%/'-b" +&Ib(+b(&)%-bb+(,,0(+b).33%b"'/(%/"' b/(.%+2b"'b-!b
"%Hb &+,b,!(.%b",.,,b!b&(/b(+b&$"' b"-Hb
'2b &b0"%%b(b,(b%(' b
,b"-b+*."+,b-!(. !-b(+b'%2,",Hbb

)'*)-HH*)'Hb
,bb-&Ib0+"-bb)(&b-!-b,.&&+"3,bO(+b%&)((',Pb'b"-&b(b
"'-+,-b"'b2(.+b"%b(b"'*."+2Hb!b(+&b'bbb,!(+-b)(&Ib%"&+"$bO+!2&b
,!&JbPIb!"$.bO;b%"',Ib9?b,2%%%,PIb.&)+b,-"$+Ib(+b/+-","' b#"' %Hb

145
?ED
CE@@?BD

'b.'&"%"+b,"-.-"(',Ib/'b-!b&(,-b"')''-b%+'+,b,"+b,-+.-.+b'b
."'Hb+(/"b%+,!")b-b-!b "''"' Ib.-bb(.-b,-+.-.+b'b-+',+b
%+,!")b-(b-!b +(.)b,b,(('b,b-!b +(.)b "',b-(b.'-"('b,bb-&Hb

5C97>
13D9F9D95C
6?B
D51=C


b-&b-"/"-2b",b&(+b-!'bb&.%-"_)+,('b-"/"-2b(+bb,"' %_)+,('b-"/"-2b)+(+&b
2bb +(.)Hb 'b," '"' b-&b-"/"-",b(+b)-"' b,(%(b-"/"-",Ib',.+b-!-b%+'+,b
(&)%",!b-!b"'-'b%+'"' b(#-"/,Hb

&,# 3H."H)$.#0-bO2,Ib)%.+%NPHb&b-"/"-",b'bb(&)%1b'b-"&_
(',.&"' b,(b.,b-!&b-(b(&)%",!b&.%-")%b+%-b(#-"/,Hb#-"/,b'b
"'%.b,)""b,.#-_+%-b,$"%%,b,b0%%b,b '+%b(%%(+-"('b,$"%%,Hb

/**&3H1,#..(H#(-.,/.#)(-b ),H&&H.#0#.#-Hb+b+(+b-!&b,(b%+'+,b'b)%2b
-!&b$b%-+Hb+(/"b'(. !b"'(+&-"('b(+b%+'+,b-(b -b,-+-Hb)"2b-!b
+,.%-,b+*."+Hb%+%2b,--b-"&b%"&"-,b'b(-!+b+*."+&'-,Hb

(-/,H.".H.'H'',-H)&&.#0&3H"0H."H2*,.#-H(--,3b.)H)'*&#-"H
."H)$.#0-Hb+Ib)+(/"b,,b-(b-!b1)+-",Hb

%H."H.#0#.#-H"&&(!#(!H(H /(Hb!b,-b02b",b-(b&$b-!&b+,&%b
)+(%&,b"'b-!b)+(,,"('b-(b0!"!b-!b%+'+b,)"+,Hb


&&).H()/!"H.#'H ),H.'H*,)---H.)H1),%Hb2)"%%2b-&b-"/"-",b-$b-!+b-(b
-'b-"&,b,b%(' b,b'b'%( (.,b,(%(b-"/"-2Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

+/#,H)&&),.#)(b.)H)'*&#-"H."H!)&Hb +'+,b,!(.%b,)'b-!b&#(+"-2b(b
-"&b0(+$"' b-( -!+Hb," 'b-!b-"/"-2b-(b)+(/($b-!b$"',b(b&",-$,b+(&b
0!"!b-!b-&b'b%+'a(',b-!-b,-2&"b"'"/".%,b.-b0!"!b-!b-&b,bb0!(%b
'b(/+(&Hb

+/#,H(H)-,0&H,-/&.H.".H(HH)$.#0&3H0&/.Hb!-b02Ib%+'+,b 


$'(0b0!-!+b-!b-&b&-b-!b (%Hb

%!"
"'$!$




%H#(.,(&H.'1),%H0#-#&b ),H(&3-#-;b
+!"/b",.,,"(',b'b!-,Hb(+b
."(_b'b/"(_('+',Hb

#,&3H0&/.H#(#0#/&-Hb"b!(0b-(b-+&"'b0!-!+b-!b-&b(&)%",!b
"-,b(#-"/b'b!(0b&.!b!b&&+b('-+".-Hb

>7175
9>
?@5>
9>AE9BI

&b%+'"' b",b)(-'-"%%2b,"&)%Ib%1"%Ib'b.-"('%%2b-"/Hb -b",b%1"%b
'(. !b-(b0(+$b(+bb/+"-2b(b,.#-,Hb

'b'b/'b(+&b(b-&b%+'"' Ib%%b-)#&H#(+/#,3Ib%+'+,b)+(b&(+b)%2b
"'-(b"".%-b,.#-,b-!'b'2('b!,b(+Hb
,bb-&Ib%+'+,b (b2('b1",-"' b
."%"',b'b,-%",!b$'(0% Hb!2b/'b"'-(b+,b0!+b-!+b+b'(b
,-'+,b-(b-%%b-!&b"b-!2b+b('b-!b+" !-b-+$Hb!b (%b",b+-"' b'0b$'(0% Ib
)+(.+,Ib'b)+(,,,Hb

!",b-2)b(b()'_'b"'*."+2b+*."+,b/'b-&0(+$b,$"%%,b0!+b%+'+,b&.,-b
+"%2b%-b (b(b1",-"' b",b"'b(++b-(b",(/+b'b)+(/b--+b",Hb!",b(,b'(-b
+*."+b'0b)+(.+,b.-b/'b(&&.'"-"(',b,$"%%,b'b&(-"('%b('-+(%Hb&b
&&+,b&.,-Jb

#-.(H)$.#0&3Ib,)"%%2b-(b+"-"*.b(b-!"+b",Hb!2b&.,-b'(-b+%1"/%2b
'b(+b/(-b-!"+b(0'b",Hb


(&34H."H /&.-b(b-!"+b(0'b)(,"-"('Hb!2b&.,-b&"-b0!'b-!2b(b'(-b$'(0Hb

.,#0H.)H-3(."-#4b--+b",b(+b-b%,-b&(+b",Hb

,(H ,)'H #&/,b+-!+b-!'b%&b(-!+,Hb!b-&b,bb0!(%b&.,-b(+ -b(.-b
%&b'b,"&)%2b&(/b(+0+b-(b--+b",Hb

#-H0&#H)(,(-b(.-b",b(b(-!+,b'b,--b%+%2b-!"+b+,(',b(+b('+'Hb
!2b&.,-b*.,-"('b(-!+,b"'bb02b-!-b'(.+ ,b-!&b-(b'%23b-!"+b()"'"(',Hb


'#.H.)H').#)(-b-+" +b2b(-!+,Vb",b'b'%23b-!b+,('b(+b-!b+-"('Hb

%-!(. !b-!,b-"(',b+b!%).%b(+b'2b(+&b(b-&0(+$Ib-!2b(&b',,+2b(+b
"'*."+",b0!+b-!+b+b'(b-!+,Ib1)+-,Ib(+b,-b)+-",b-(b ."b-!&Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

$
"%)$
K

)E==1BI


("%b%+'"' b"'/(%/,b%+'"' b2b"'-+-"' b0"-!b%%(0b%+'+,Ib-!b-!+Ib
1)+-,Ib'b(-!+b)+(,,"('%,Hb

("%b%+'"' b(.+,b"'bb0"b/+"-2b(b(+&,Ib.-b,(&b)+(,,,b+b(&&('Ib
'&%2Ib",.,,"(',Ib$Ib(%%(+-"('Ib'b%+'+_+-b&-+"%,Hb

,b,("%b%+'"' b-(b-!b(%%(+-"('b'b-(b-$%b"".%-b,.#-,b-!-b%$b
,-%",!b+"-+"Hb

' "'+b%+'"' b2b,*.'"' b)--+',b(b"'-+-"('b-!-b+-b,"-.-"(',b0!+b
%+'+,b%+'b+(&b!b(-!+b'b+(&b1)+-,Hb

(+b)"$"' b,(-0+b(+b,("%b%+'"' Ib%",-b-!b,("%b)"%"-",b2(.b'Ib,.!b,b
-+ -"' Ib"%-+"' Ib'b+(,-"' b&,, ,Ib!(%"' b,2'!+('(.,b'b
,2'!+('(.,b",.,,"(',Ib,!+"' b+-b&-+"%,Ib/(-"' Ib'b&' "' b
(%%(+-"/b-&,Hb

"%"--b,("%b-"/"-",b-(b'(.+ b-&,b-(b-$b+,)(',""%"-2b(+b-!"+b(0'b
%+'"' Hb ('"-(+b'b"'-+/'b-(b(++-bb!/"(+Hb

",.,,"(',b+b-!b%"%((b(b,("%b%+'"' Hb+(/"b-!'(%( 2Ib)+(.+,Ib'b
."'b-(b)+(.b)+(.-"/b('/+,-"(',Hb

?B
=?B5
K

"+-.%b%,,+((&b%+'"' b",b'b))%"-"('b(b,("%b%+'"' Hbb!)-+b98b(+b!%)b
," '"' b-!",b-2)b(b,("%b%+'"' Hb

(+b,)""b",b('b%+'"' b-"/"-",b(+b,("%b%+'"' Ib,b-!bW," 'bLb(+b,("%b

%+'"' Xb,-"(',b"'b!)-+,b:Ib;Ib'b<bb

b
 E-Learning by Design, 2nd Edition
b by William Horton

b
Copyright © 2012 John Wiley and Sons, Inc.
b
b

#?29<5

<51B>9>7

b
_%+'"' b(+b)()%b('b
-!b (b(.-b"'b-!b0(+%b
("%b%+'"' b+,b)()%b-(b%+'b-b-!b)%b'b-"&b-!2b!((,b'b-(b%+'b+(&bb
0(+%b(b-!+,Hb!",b%+'"' b&2bb)+-b(bb'('_&("%b(+&b(b%+'"' Ib,.!b,bb
"%b-+")b.+"' bb%,,+((&b(.+,Hb+b-!b(.+,b(b%+'"' b&2bb'-"+%2b&("%Hb

-*
)
#%"
"($$

$!8!'##b!,b-0(b&"'b&'"' ,JbO9Pb)+-"")-"('b"'b%+'"' b/'-,b0!"%b&("%b
'bO:Pb%+'"' b+(&b-!b0(+%b"'b0!"!b0b&(/Hb

,.##*.#)(H#(H)(0(.#)(&H&,(#(!H3H')#&H#(#0#/&-;b ("%b%+'"' b
-!'"*.,b'b-!'(%( ",b%%(0b&("%b"'"/".%,b-(b)+-"")-b"'b,-%",!b
(+&,b(b%+'"' b"'%."' b%,,+((&b%+'"' Ib/"+-.%_%,,+((&b%+'"' Ib,-'%('b
_%+'"' Ib,("%b%+'"' Ib'b)+(+&'b,.))(+-Hb

&H')#&H&,(#(!Hb 'b+%b&("%b%+'"' Ib0b%+'b'(-b+(&b-!b&("%b/"b.-b
+(&b-!b0(+%b+(.'b.,Hb%b&("%b%+'"' b+*."+,b%+'"' b+(&b(#-,Ib
'/"+('&'-,Ib1)+-,Ib'b%%(0b%+'+,b-!-b0b'(.'-+b,b0b&(/b(.-b"'b-!b
+%b0(+%Hb

)*(*
-*
-%(*/
%")

+-"' b&("%b%+'"' b'bb1)',"/Ib"".%-Ib'b+",$2Hb(+b2(.b"/b"'-(b
-"%b," 'Ib',.+b-!-b-!b+0+,b#.,-"2b%"$%2b(,-,a(+b2(.b'b2(.+b,)(',(+Hb
!-b+b)(-'-"%b+0+,b(b&("%b%+'"' Mb

 H
H




%!"
"'$!$



'$!$
-
(!$


b
"51B>
6B?=
D85
G8?<5
G?B<4

("%b%+'+,b!/bb0(+%b(b-!+,Ib(!,Ib'b&'-(+,a'(-b#.,-b-!(,b&b
"'bb-+"'"' b(.+,Hb 'b&("%b%+'"' Ib%+'"' b(&,b+(&b"'-+-"' b0"-!Jb

$.-Hb."%"' ,Ib&!"',Ib-((%,Ib.-(&("%,Ib-%,(),Ib&+,Ib"',-+.&'-,Ib
'bb0!(%b%(-b&(+Hb

).#)(-Hb.%"b'b)+"/-b,),Ib&.,.&,Ib-(+",Ib,-(+,Hb

(0#,)('(.-Hb-.+%b'b&'&Hb

2*,.-Hb+(,,"('%,Ib)+-"-"('+,Ib('-,Ib1.-"/,Ib.,-(&+,Ib(',.&+,Ib'b
(+"'+2b)()%Hb

&&)1H&,(,-Hb 'b)+,('b'b('%"'Ib(+&%b'b"'(+&%Hb 'b-!b+%b0(+%Ib
/+2('b",bb%+'+Ib'b/+2('b",bb-!+Hb

"H (.,(.Hb
'b%%b"-,b(''-"(',Hb

*1;5
14F1>D175
?6
D513812<5
=?=5>DC

!%b&(&'-,b(.+b0!'b-!b%+'+b",b&(,-b()'b-(b%+'"' b'b%"b",b+2b-(b
-!b-!b'b%,,('Hb!,b&(&'-,b!))'b0!'b-!b%+'+b0'-,b-(b(b,(&-!"' b
'0b(+b-(b(b,(&-!"' b--+Hb!2b!))'b0!'b,(&-!"' b.'1)%"'%b(.+,Ib
,)"%%2b0!'b)+(.+,b-!-b.,b-(b0(+$b'(0b"%Hb!%b&(&'-,b(.+b'2b
-"&b.+"(,"-2b",b+(.,a+ +%,,b(b0!+b-!b%+'+b",b%(-b-b-!-b-!%b
&(&'-Hb

*5138
9>
D85
3?>D5HD
?6
1@@<931D9?>

("%b%+'"' b'b-!b,.#-,b"'b-!b('-1-b'b,"-.-"('b0!+b%+'"' b0"%%bb
))%"Hbb'b(''-b)!2,"%b1)+"',b0"-!b+%-b+(+b1)+"',b-(b
'!'b,.#-,b,.!b,b,"'Ib&-!Ib&.,"Ib+-Ib!",-(+2Ib'b+!"--.+Hb

*5138
M?ED4??BN
CE2:53DC

("%b%+'"' b",b"%b-(b-!b,$"%%,b)+-"b(.-,"b-!b%,,+((&b(+b("Ib(+b
1&)%Jb

+".%-.+b (($"' b %('-(%( 2b

+!(%( 2b (+,-+2b !(-( +)!2b

+!"--.+b (%( 2b "%(-"' b

+-b ",-(+2b (%"-",b

,-+('(&2b ' . ,b )"+b

-!%-",b '.-.+"' b %,b
"(%( 2b ))"' b .+/2"' b
(',-+.-"('b ""'b (.+",&b

b
 '$!$
-
(!$



%!"
"'$!$





b
#1;5
<51B>9>7
851<D895B

2b.'--!+"' b,'-+2b%+'+,Ib&("%b%+'"' b"&)+(/,b-!b&'-%b'b)!2,"%b
!%-!b(b%+'+,Hb

--H*"3-#&H-.,#(Hb ("%b%+'+,b/+2b-!"+b)(,-.+b +-%2b-!+(. !(.-b-!b2Hb 


"--"' b,-"%%b-bb,+'b",b#.,-b('b(b-!b-!(.,',b(b)(,-.+,b"'b0!"!b)()%b'b

%!"
"'$!$



%+'Hb

))H2,#-Hb
b&("%b%+'+b&2b0%$b-(bb,"-Ib&(/b-!+(. !b"-Ib-$b'(-,Ib
)!2,"%%2b&'").%-b-((%,b'b-!b'/"+('&'-Ib,-+-!b-(b+!Ib,+&%b-(b%"&Ib
'b-(b1&"'Ib,,&%Ib).,!Ib).%%Ib%"-Ib+()Ib+ Ib-.+'Ib()'Ib%(,Ib'b'  b"'b
b-!(.,'b(-!+b/+2b-"/b&(-"(',Hb

'*,)0H&))H &)1H.)H."H,#(Hb (/&'-b'b1+",b"'+,b%((b%(0b-(b-!b
+"'b-!.,b"'+,"' b%+-',,Ib--'-"('Ib+%%Ib'b(-!+b&'-%b)+(,,,b+."%b(+b
%+'"' Hb

"(!H) H-(H(H(0#,)('(.Hb!' ,b(b%(-"('bb&'-%b,-"&.%-"('Hb/'b
b,.-%b!' b(b-&)+-.+Ib,'+2Ib(+b$ +(.'b,(.'b",b'(. !b-(b
+"'/" (+-b%+'+,Hb
('V-b (b(/+(+b"'b)+(&","' b!%-!b'"-,Hb%"3b-!-b&("%b/",b+",b-!"+b
(0'b!%-!b('+',Ib,.!b,b+)-"-"/_,-+,,b"'#.+2b+(&b-!.&_-2)"' Ib2,-+"'b.,b
2b %+b('b-!b,+'Ib'b-!b.'+-"'-2b(.-b-!b%(' _-+&b-,b(b+"(b0/,b
),,"' b-!+(. !b(.+b+"',b'b(",Hb ('"-(+b-!b+,+!b'b&$b'b"'(+&b
","('Hb

"51B>
=?B5
?6
D85
D9=5

("%b%+'"' b%-,b%+'+,b%+'b.+"' b&(+b!(.+,b(b-!b2b'b.+"' b-!(,b
&(&'-,b0!'b%+'"' b",b&(,-b-"/Hb

"#&H.,0&#(!Hb!'b-+/%"' b'b)+(.-"/b0(+$b",b'(-b)(,,"%Ib%+'"' b'b,-"%%b
(.+Hb +'+,b'b(',.%-b&("%b/",b0!'b+""' b"'b'b"+)%'Ib+)((%"' b-(b
0(+$b(+b,!((%Ib0"-"' b"'bb,--"('b(+b-+&"'%Ib+""' b('bb-+"'b(+b.,Ib(+b0"-"' b"'bb
!(-%Hb

"(H1#.#(!H ),H-)'."#(!Hb .!b(b-!b''(2"' b%2,b"'b%"b'bb"%%b0"-!b
'  "' b'b-"/b%+'"' b-"/"-",Hbb'b%+'b0!"%b0"-"' b(+bb&%b-(b
++"/b-bb+,-.+'-Ib0!"%b,-.$b"'b-!b%(2b0"-"' b(+bb%2b))("'-&'-Ib'b
0!"%b)%())b(0'b"'bb('+'b+((&b0"-"' b(+b&-"' b)+-"")'-,b-(b++"/Hb

/,#(!H )/(H.#'Hb(&-"&,b0b1)-b-(bb.,2b.-b+b'(-Hb.!b&(&'-,b'b
b).-b-(b/'- b2b%+'"' Hb(.'b-"&b"'%.,b'%%b&-"' ,Ib++"/"' b
+%2b(+b'b))("'-&'-Ib(+b#.,-b(,"('%b(.-,b(b"',(&'"Hb

b




%!"
"'$!$



'$!$
-
(!$


b
>12<5
F9BDE1<
1DD5>41>35

("%b%+'+,b'b)+-"")-b"'b(' ("' b%+'"' b0!'b-!2b&" !-b'(-b(-!+0",bb
%b-(b(b,(b.,b-!2b+Jb

, ),'#(!H)'*.#(!H/.#-Ib,.!b,b(&)%-"' b&'-(+2b0(+$b.-",Ib$)"' bb
(-(+V,b))("'-&'-Ib(+b--'"' bb!"%V,b,(-%%b &Hb

/.H) H."H) #b0!"%b('b/-"('Ib('.-"' b"%b+,+!Ib('bb"%b-+")b(+b
'(-!+b(.+,Hb

)*#(!H1#."H/( ),-(H#,/'-.(-Ib,.!b,bb0-!+Ib&"%2b&+ '2Ib
+(/+"' b+(&b"%%',,Hb
.!b/"+-.%b--''b&2b'(-bb"%b(+b%+'"' Ib.-b"-b$),bb"-b%+'+b
+(&b%%"' b!"'b'b+())"' b(.-Hb

(54E35
9>6B1CDBE3DEB5
3?CDC

("%b%+'"' b'b+.b-!b(,-,b(b+%b,--Ib%-+('",Ib'b(-!+b)!2,"%b
"'+,-+.-.+b'b(+b%+'"' Hb ("%b%+'"' b+.,b-!b'b(+Jb

!2,"%b&).,Hb

%,,+((&,Hb

.%-2b(",Hb

,$-()b(&).-+,Hb

"+b'-0(+$,Hb

!2,"%b%(+-(+",Hb

"++",b(b)!2,"%b(($,Hb
("%b%+'"' b%,(b+.,b-!b"".%-2b(b'  "' b*.%""b-!+,Hb ("%"-2b%%(0,b
&(+b)()%b-(b,+/b,b-!+,Ib1)+-,Ib&'-(+,Ib/",(+,Ib'b+"-",Hb ("%b
"'"/".%,b(b'(-b'b-(b%-+b-!"+b-+/%b)%',b'b'b&(+b,"%2b"-b-!"' b"'b
&(' b-!"+b(-!+b)+(,,"('%b'b&"%2b.-",Hb

&B5@1B5
6?B
1>
9>3B51C9>7<I
=?29<5
G?B<4

("%b%+'"' b)+)+,b%+'+,b(+b-!b02b-!2b0"%%b%"/b-!b+,-b(b-!"+b%"/,Hb 'b-!",b
.-.+b'2('Ib'20!+Ib-b'2b-"&b'Jb

(&&.'"-b"+-%2b0"-!b'2('b%,b/"b/("Ib-1-Ib(+b/"(Hb

)-.+b'b"-b-1-Ib/("Ib,(.'Ib&.,"Ib'b/"(Hb

(,-b'b+"/b&,, ,b+(&b'2('Hb

(($b.)b'2b"'(+&-"('b'Hb

-+&"'b!",b(+b!+b1-b%(-"('b'b%+'b!(0b-(b'/" -b-(b'2b(-!+b%(-"('Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
(+b"&)(+-'-%2Ib&("%b%+'"' b)+)+,b%+'+,b-(b-$b+,)(',""%"-2b(+b-!"+b(0'b
%+'"' b'b0(+$b,!.%Hb

&*
.)*$
"($$
%(
#%"
"($()


%!"
"'$!$



+(/'b-"/b%+'"' b(+-,b'Ib0"-!b,(&b!' ,Ib(&&(-b&("%b%+'+,Hb
+Ib(+ '"3b2b (%Ib",bb!$%",-b(b!' ,b-(b',.+b-"/b)+-"")-"('b2b
&("%b%+'+,Hb

>12<5
@1BD939@1D9?>
9>
3<1CCB??=
<51B>9>7

(b'%b+&(-b)+-"")-"('b"'b%,,+((&b%+'"' Jb

-H(H)(&#(H'.#(!H.))&b-(b+(,-b'b-(b+(+b%,,b&-"' ,Hb -b+&(-b
%+'+,b)+-"")-b-!-b02Hb(-Jb!",b))+(!b(,b'(-b+*."+bb.%%b/"+-.%_
%,,+((&b,2,-&Ib#.,-bb,"&)%b('%"'_&-"' b-((%Hb
-bb&"'"&.&b,-b.)bb)!('b
('+'b,(b+&(-b%+'+,b'b%",-'b"'Hb

/&#-"H'.,#&-H(H-/'',#-H) H'.#(!-Hb '%.b,)+-b."(b'b/"(b
+(+"' ,b(b%-.+,b'b",.,,"(',Hb
%,(b&$b/"%%b,%",b0"-!b'(-,b(b0!-b
0,b,"b0"-!b!b,%"Hb b-!",b,&,b%"$b-((b&.!b0(+$Ib%-b"'_%,,b%+'+,b-$b('b
-!b-,$a"'b1!' b(+b1-+b+"-Ib(b(.+,Hb

),'.H'.,#&-H ),H-3H,#(!H)(H')#&H0#-Hb'b02b-!",b'bb
(&)%",!b",b-!+(. !b,)+-b,-2%b,!-,b(+b-!b&("%b/+,"(',b(b) ,Hb

,)0#H13-H ),H')#&H&,(,-H.)H-%H+/-.#)(-Ib(+b1&)%Ib2b_&"%Ib-!+(. !b
,("%b'-0(+$"' b-((%,b%"$b0"--+b'b(($Ib(+b/"b-1-b&,, ,Hb(+b%,,b
&-"' ,Ib"'b'b).%",!b)+(.+,b(+b&("%b%+'+,b-(b+*.,-b--'-"('b'b
(&&.'"-b-!"+b*.,-"(',Hb

.H/*H")'1),%G-/'#--#)(H*,)/,-b(+b&("%_%+'+,b-(b!'b"'b!(&0(+$Ib
,.!b,b--!&'-,b-(b'b_&"%b,'-b-(bb+()_(1b+,,Hb


--#!(H(H#(G&--HC-./3G/3Db(+b!b&("%b%+'+Hb!b,-.2_.2b',.+,b
-!-b-!b&("%b%+'+V,b('+',b+b+,,b"'bb-"&%2b&''+Hb"/b1-+b+"-b
(+b,-.2_.",Hb

-#!(H.#0#.#-H-)H')#&H&,(,-H(H*,.##*.Hb(+b1&)%Ib('V-b+*."+b
1-',"/b0+"-"' b(+b,,b-(b%(%b+,(.+,Ib,.!b,b(($,b('b-!b+,+/b,!%b(b-!b
%"++2Hb
%%(0b."(b,.&",,"(',Hbb

)-.H--#!('(.-H1&&H#(H0(b(b-!"+b.b-,b,(b&("%b%+'+,b'b"-b-!&b
"'-(b.,2b,!.%,Hb

%H.-.-HC)*(G))%Db,(b-!+b",b'(b,.,)""('b-!-b&("%b%+'+,b+b!-"' Hb

)(0,.H."H(.#,H)/,-H.)HH0#,./&G&--,))'H ),'.bO!)-+b98Pb"bb," '""'-b
'.&+b(b%+'+,b+b&("%Hb

b




%!"
"'$!$



'$!$
-
(!$


b
33?==?41D5
=?29<5
<51B>5BC
9>
D85
F9BDE1<
3<1CCB??=

(b&$b/"+-.%_%,,+((&b%+'"' b0(+$b(+b&("%b%+'+,Ib(%%(0b-!b,&b,-),b,b(+b
%,,+((&b%+'"' Hb 'b"-"('Jb

$b,.+b-!-bb%"'-b(+b-!b('%"'b&-"' b-((%b(+b/"+-.%_%,,+((&b,2,-&b0(+$,b
('b-!b&("%b/",b(b2(.+b%+'+,Hb

(b'(-b+*."+b--''b"'b('%"'b&-"' ,Hb $b+(+"' ,b(b&-"' ,b/"%%b
(+b&("%b%+'+,b0!(b(.%b'(-b--'Hb

('.-b",.,,"(',b(/+b2,Ib'(-b&"'.-,Hb,b",.,,"('b(+.&,b+-!+b-!'b!-Hb

"5D
=?29<5
<51B>5BC
D1;5
CD1>41<?>5
5<51B>9>7

(b&$b,-'%('b_%+'"' b(.+,,b/"%%b-(b%+'+,Ib&$b,.+b-!-b-!b_%+'"' b
)%2,b('b-!b&("%b/",b%+'+,b++2Hb

"&)%"2b) ,b(+b,2b+"' b('b&("%b/",b"'b-!b-.%b'/"+('&'-b0!+b
%+'"' b0"%%b(.+bO)Hb=:8PHbb

"'"&"3b-2)"' b'b,"&)%"2b'-+"' b-1-bO)Hb=:>PHb -b%+'+,b"'-+-b2b)("'-"' b-(b
"-&,b('b-!b,+'Hb

$b,%-"('b-+ -,bOW-)b+,XPb%+ b'(. !b'b+b'(. !b)+-Hb


%%(0b%+'+,b-(b(0'%(b'-"+b%,,(',b'b(.+,,b'b-$b-!&b0!"%b'(-b
(''-b-(bb'-0(+$bO)Hb=:=PHb

," 'b-!b(.+,b,(b"-b0(+$,b(+b%+'+,b0"-!b"'-+&"--'-b'b,%(0b'-0(+$b
(''-"(',bO)Hb=:=PHb+(/"b-1-b-+',+")-,b'b(-!+b%-+'-"/,b(+b!" !_'0"-!b
&"bO)Hb=:<PHb

#1;5
C?391<
<51B>9>7
=?29<5

("%b%+'"' b'b,("%b%+'"' b+bb'-.+%b(&"'-"('Ib,)"%%2b&(' b2(.' b
%+'+,b0!(b!/b +(0'b.)b0"-!b&("%b)!(',b'b,("%b&"Hb(b&$b,("%b
%+'"' b&("%Jb

$b%"'-,b(+b,("%_&"b-((%,b/"%%b(+b&("%b/",b(+b-b%,-bb+(0,+_
,b"'-+b-(b-!b,("%_&"b-((%Hb

(--b-!b&-"' b-"&b,(b'(b +(.)b(b%+'+,b%02,b!,b-(b -b.)b"'b-!b&"%b(b
-!b'" !-Hb

*."+b-"%b)+("%,b0"-!b)!(-(,b(+b%%b)+-"")'-,Hb
%,(b"'%.bb/("b +-"' b
"b)+-"%Hb%)b%+'+,b -b-(b$'(0b('b'(-!+Hbb

"&"-b%(' b+%_-"&b&-"' ,Hb)%b&-"' ,b0"-!b(' ("' b(+.&b",.,,"(',Hb
b!)-+b@b(+b&(+b('b," '"' b,("%b%+'"' Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
&5B6?B=1>35
CE@@?BD

("%b0(+$+,b'b)+(+&'b,.))(+-b-b-!b)%b0!+b-!2b(b0(+$Hb ("%b
/",b+b0%%b,."-b-(b%"/+b-!-b,.))(+-Hb(b',.+b-!-b&("%b0(+$+,b -b-!b
,.))(+-b-!2b'Jb 



,)0#H--H.)H#( ),'.#)(H(b-(b)+(+&b&'"' .%b0(+$Hb $b"-b,2b-(b

%!"
"'$!$



"'b#(b",Ib"',-+.-"(',Ib)+(.+,Ib!$%",-,Ib'b,-'+,Hb

/&#-"H)/'(.-H.,!.H.H,#.#&H.-%-b'b+*.'-%2b)+(+&b-,$,Hb!,b
'b"'%.b('",b+"),Ib-+(.%,!((-"' b .",Ib,.&&+",Ib'b
b%",-,Hb

,)0#H--H.)H%!,)/(H#( ),'.#)(b'b(+b%.'-b'b""'-b0(+$Hb(+b
1&)%b)+(/"b%"'$,b-(b %(,,+",Ib)+('.'"-"('b .",b(+b-!'"%b-+&,Ib'&,b(b
)()%b-!b0(+$+b&2b'b-(b&-Ib'b"( +)!",b(b+"-"%b)()%Hb

(&H1),%,-H.)H)1(&)H#( ),'.#)(b(+b.,b0!"%b(b-!b'-0(+$bO)b=:=PHb

),'.H#( ),'.#)(H ),H/-Ib'(-b#.,-b+"' Hb(b'(-b+*."+b,+(%%"' b-(b,b%%b(bb
,-)Hb/+b+*."+b!(+"3('-%b,+(%%"' Hb%b0+'"' ,b(+b-!b,-)b-(b0!"!b-!2b
))%2Hb(',"+b."(b"',-+.-"(',b(+b,-),b-!-b&.,-bb)+(+&b0!"%b%(($"' b
02b+(&b-!b/"Hb

(-/,H.".H-,"G(!#(-H1),%H ,)'H."H')#&H0#b"-!+b2b,.))%2"' bb%"'-b
(+b-!b&("%b/"b(+bbb"'-+b-(b-!b,+!b' "'Hb

)(0,.H)(.(.H.)H$)H#-b-(b(-!b+.b-!(+2b'b,!(+-'b%(' b+"' ,Hb+(/"b
%+b+"-+"b'b)+(.+,b(+b&$"' b","(',Hb '%.b%"'$,b-(b-"%,Ib+,(',Ib
'b%-+'-"/,Hb

+)
*
&"*)
%
*
,

("%b/",b(+bb0"b)%--b(b)"%"-",b-!-b0b'b.,b-(b'  b'b.-b
%+'+,Hb!b)"%"-",b/+2b&(' b/",Ib.-b/'b&(+-_(,-b&("%b)!(',b'b
(&&(-b&("%b%+'"' Hb

,b-!b(%%(0"' b-%b-(b(&)"%bb%",-b(b)"%"-",b2(.b0"%%b'b(+b2(.+b&("%b
%+'"' Hb!'b&$b,.+b-!-b%+'+,Vb/",b!/b-!,b)"%"-",Hbb

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

+'b",)%2b ",)%2b-1-Ib +)!",Ib'b (b",)%2b+"' ,Ib)+,'--"(',Ib

/"(Hb ,," '&'-,Ib +)!",Ib-,-,Ibb
) ,Ib#(b",Ib'2b(-!+b/",.%b
('-'-Hbb

b




%!"
"'$!$



'$!$
-
(!$


b
*#&#.3H -,#*.#)(HH
O0!-b-!b.,+b'b(PH

."(b %2b/("Ib&.,"Ib'b
)%2$b ,(.',Hb
"(b %2b/"(b, &'-,Hb
)%2$b
%($b ",)%2b-"&Ib&,.+b-"&Ib
'b,!.%b/'-,Hb
%'+b !.%b-"/"-",b'b
",)%2b+&"'+,Hb
('--,b%",-b -%( b-!b'&Ib+,,Ib
_&"%Ib)!('b'.&+Ib'b
(-!+b('--b"'(+&-"('b
(+b)+-"")'-,Hb
b --b%-"-.b'b
%(' "-.b((+"'-,Hb
(-Jb -b'b-$b98b&"'.-,b
-(b*."+b'b.+-bb
," '%Hb
b
--H#(H')#&H&,(#(!H
-b%+'+,b%",-'b-(b%-.+,Ib
"',-+.-"(',b'b,," '&'-,Ib
$Ib+"-"*.,Ib(!"' Ib/"Ib
(/+/"0,b'b)+/"0,Ib%,,b'b
-&b&-"' ,Hb
"0b%-.+,Ib)+,'--"(',Ib
&(',-+-"(',Ib(.&'-+2b"%&,Ib
,," '&'-,Ib'b+"-"*.,Hb
",)%2b+&"'+,b(b,!.%b
/'-,Ib,-.2b-"&,Ib'b-"&b%"&"-,Hb
+$b%,,b&-"' ,Ib._-,b(+b
,," '&'-,Ib'b)+(#-b&"%,-(',Hb
,"%2b(&&.'"-b0"-!b-!+,Ib
1)+-,Ib/",(+,Ib&'-(+,Ib%%(0b
%+'+,Ib'b(-!+,b"&)(+-'-b-(b-!b
%+'+Hb
 . ,-b'b"-&b(b"'-+,-b'+b


-!b%+'+Hb
 +(/"b"'(+&-"('b'b-"/"-",b


+%-b-(b'b(#-b))+(!b(+b
'b+b'-+bO ('"' PHb
 ."b%+'+,b-(bb%(-"('b(+b


(#-Hb
 +$b%+'+,b(+b,-2Hb


 (+b%(-"('b0!+b-b",b


+(+Hb
 !b'/" -"('b,$"%%,b'b


+-,"'b((+"'-,Hb
 +"2b--''b(+b


(&)%",!&'-b(b%(-"('_
"'"' b(#-"/Hb
 '$!$
-
(!$



%!"
"'$!$





b
*#&#.3H -,#*.#)(HH
O0!-b-!b.,+b'b(PH
)b",)%2b !(0b,-+-,Ib+(,Ib
."%"' ,Ib'b-++"'Hb'b
)"')("'-b-!b%+'+V,b
%(-"('b0"-!bb
)"%"-2Hb
/" -"('b -b"',-+.-"(',b('b!(0b-(b
-b+(&b('b)%b-(b
'(-!+Hb
%.-((-!b (''-b-(b'(-!+b
%.-((-!_'%b/"Hb
_&"%b 'b'b+"/b_&"%b
&,, ,b'b--!&'-,Hb
b+(0,+b
,,bb,+/+,b'b%%b
-!-b-!2b)+(/"Hb
b
--H#(H')#&H&,(#(!H
 %)b%+'+,b"'b%(-"(',b(+b




%+'"' b-(b(.+Hb
%!"
"'$!$



 )b%+'+,b(+"'-b'b


('"'-b0!"%b&(/"' b-!+(. !b
'b.'&"%"+b'/"+('&'-Hb
 (-b%,,&-,b(+b)!2,"%b


&-"' ,Hb
 "+-b%+'+,b-(bb,"-b0!+b


%+'"' b'b(.+Hb
 ',.+b%+'+,b+b('b-"&b(+b


)!2,"%b&-"' ,Hb
.))%&'-bb/"b2b"' b
)"%"-",b'(-b."%-b"'Hb%.-((-!b
'%,b.,b(b,,(+",b,.!b,b
-b)+(,Ib,)+-b&("%b)!(',Ib
'b.%-+_.+-bb.'"-,Hbb

,$b*.,-"(',b(b-!+,Ib1)+-,b


(+b%%(0b%+'+,Hb
 "/b,," '&'-,b'b,.&"-b


0(+$Hb
 "/b'b+"/b$Hb

,,b_,b%,,(',Ib


(.&'-,Ib#(_",Ib'b(-!+b
%+'"' b('-'-Hb
 (&&.'"-b0"-!b,+/+_,b


-((%,b,.!b,b('%"'_&-"' b-((%,Ib
/"+-.%_%,,+((&b,2,-&,Ib'b
%+'"' b&' &'-b,2,-&,Hb
 (&&.'"-b/"b_,b


,("%_'-0(+$"' b-((%,Hb




%!"
"'$!$



'$!$
-
(!$


b
*#&#.3H -,#*.#)(HH
O0!-b-!b.,+b'b(PH
"(_ bb,!(+-b&,, b
+*.'2b '(b"'bb b- Hb ,b
"'-""-"('b +b-"'2bO<b.Hb&&HPb/",b
O Pb++b -!-b-+',&"-b'b"'-"2"' b
&,, b-+" +b0!'bb
 b++b(&,b0"-!"'bb
0b'-"&-+,Hbb
+_(b bb,!(+-b&,, b
++b '(b"'b-!b+b(Hb
b !b&("%b/"V,b&+b
+,b-!b+b(b'b
"'-+)+-,b"-,b,!(+-b&,, Ib
-2)"%%2bb b(+b(-!+b
"'-""+b-(b ."b+-+"/%b
(b"'(+&-"('Hbb
b
O(&&('b+_(b-2),b
"'%.Jb "'+Ibb(Ib
-b -+"1b(Ib'b
3(HPb
b
--H#(H')#&H&,(#(!H
 ,b'bb.,b(+b(#-_b'b
%(-"('_,b-"/"-",Hb!b&("%b
/"b'b.,b-!b"'-"2"' b
&,, b-(b+-+"/Jbb

b%,,('b('b-!b(#-b(+b%(-"('Hb


 $ +(.'b"'(+&-"('Hb


 ',-+.-"(',b(+b'b-"/"-2b


"'/(%/"' b-!b(#-Hb
 ',-+.-"(',b-(b"'b'1-b(#-Hb



b#(_"b(+b)+(+&"' bb-,$Hb



b2(._+_!+b&)b-(b!%)b


'/" -"('Hb
 /' +b!.'-b0"-!b/+""-"('b


'b1-+b"'(+&-"('Hb
+b(,b'bb.,b(+b(#-_b'b
%(-"('_,b-"/"-",Hb!b&("%b
/"b'b.,b-!b+b(b-(b
+-+"/Jbb

b%,,('b('b-!b(#-b(+b%(-"('Hb


 $ +(.'b"'(+&-"('Hb


 ',-+.-"(',b(+b'b-"/"-2b


"'/(%/"' b-!b(#-Hb
 ',-+.-"(',b-(b"'b'1-b(#-Hb



b#(_"b(+b)+(+&"' bb-,$Hb



b2(._+_!+b&)b-(b!%)b


'/" -"('Hb
 /' +b!.'-b0"-!b/+""-"('b


'b1-+b"'(+&-"('Hb
 '$!$
-
(!$



%!"
"'$!$





b

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

1-b 'b,!(+-b-1-b&,, ,b-(b 
,$b*.,-"(',b(b-!+,Ib1)+-,Ib




&,, "' b '(-!+b&("%b/"Hb 'b%%(0b%+'+,Hb

%!"
"'$!$



 (-b(+b-$bb)(%%Hb


 'b'b+"/b+&"'+,Hb


 ('.-bb,"' %_*.,-"('b,!(+-_


',0+b-,-Hb

."(b (+b/("Ib&.,"Ib'b  (+b%+'+,Vb0(+$Ib"'%."' b

+(++b (-!+b,(.',b.,"' b-!b )(-+2Ib&.,"Ib+)(+-,Ib'b
."%-_"'b&"+()!('b(+b'b ,)!,Hb
1-+'%b&"+()!('Hb  (+b'(-,b'b+&"'+,Hb


 (+b)(,-,Hb

-"%%b&+b $b)!(-( +)!,Hb !(-( +)!,b'b)+(/b

(&)%",!&'-b(b'b(#-"/b2b
,!(0"' Jb
 +'+b-b'b,," 'b%(-"('Ib


,.!b,b"'b+('-b(b!(.,b0"-!b
,)""b,-2%b(b+!"--.+Hb
 (&-!"' b+-Hb


 *.'b(b0(+$b-"/"-",b


(&)%-Hb
 -&,b"'bb,/' +b!.'-Hb


 !(-( +)!,b'b%,(b)-.+b-b


'b-$b'(-,Hb

"(b&+b (+b&(-"('b'b."(Hb  +(.b(.&'-+2b"%&,Hb

 +-b/"(b)(,-,Hb


 %%b,-(+",Hb


 (+b&(',-+-"(',b'b


)+,'--"(',Hb
 (+b-b+(&b%b1)+"&'-,Hb


 +(/"b"',-+.-"(',b(+b(-!+,Hb


 +-b+)(+-,b(+b)+((b(b


(&)%-"('b(b,," 'b-"/"-",Hb

b




%!"
"'$!$



'$!$
-
(!$


b

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

"-b'b '-+Ib(+ '"3Ib'b(+&-b +-b+)(+-,Ib,-(+",Ib)(&,Ib,+")-,Ib

(+&-b-1-b -1-Hbb ,,2,Ib'b(-!+b-1-.%b0(+$,Hb

"-b
#.,-b)!(-( +)!,Jb+()Ib  +'b)!(-( +)!2Hb

)!(-( +)!,b ,-+" !-'Ib!' b  &)+(/b"& ,b(+b"'%.,"('b"'b
+" !-',,b'b('-+,-Ib


+)(+-,Ib)+,'--"(',Ib'b%( ,Hb
%-+b(%(+Ib'b))%2b
,)"%b-,Hb

"-b."(b !(+-'Ib(&"'Ib'b
#.,-b/(%.&b'b-('b(b
."(b+(+"' ,Hb


+'b."(b)+(.-"('Hb
 &)+(/b."(b(+b"'%.,"('b"'b


+)(+-,Ib)+,'--"(',Ib'b
)(,-,Hb

"-b/"(b .-Ib,*.'Ib(/+%2Ib'b  +'b/"(b)+(.-"('Hb

#.,-b/"(b%"),Hb  &)+(/b/"(b(+b"'%.,"('b"'b


+)(+-,Ib)+,'--"(',Ib'b/"(b
)(,-,Hb

2(+b '-+b,&%%b&(.'-,b(b-1-Hb  "%%b"'b(+&,Hb

O,+'Pb  '-+b.,+b b'b),,0(+Hb


 +"-b,!(+-b&,, ,Ib,.!b,Ib


+"b_&"%,Ib,--.,b.)-,Ib
-0-,Ib'b-!b%"$Hb
 ,)('b-(b,!(+-_',0+b-,-b


*.,-"(',Hb

2(+b '-+b%+ b&(.'-,b(b-1-Hb +"-b+)(+-,Ib,-(+",Ib,,2,Ib%( b

O1-+'%Pb '-+",Ib'b(-!+b,.,-'-"%b0(+$,Hb

--+2b !+ b-!b/"V,b--+2Hb ,b-!b&("%b/"b(/+b)+"(,b

!+ +b %(' +b-!'b"-,b--+2b%"Hb ("%b
%+'"' b-',b-(b.,b--+2_+"'"' b
)"%"-",Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

1-+b--+",b )%bb)%-b--+2Hb '%,b., b(/+b)+"(,b%(' +b 

-!'b--+2b%"a0!'b'(-b%b-(b

%!"
"'$!$



+!+ Ib,.!b,b0!'b"'b-!b
0"%+',,b(+b&(/"' b-((b+)"%2b(+b
,)(+"%%2b-(b).,b-(b+!+ b-!b
,"' %Ib."%-_"'b--+2Hbb

!('b%%b %$b-(b(-!+b)()%Hb 
,$b*.,-"(',b(b-!+,Ib1)+-,Ib

'b%%(0b%+'+,Hb
 +-"")-b"'b('+'b%%,b'b


('%"'b&-"' ,Hb

("%b (''-b-(b,("%_  +-"")-b"'b,("%b%+'"' b

'-0(+$"' bb '-0(+$"' b,"-,b'b-((%,Ib -"/"-",b-!-b+*."+b-!,b,("%b
,.!b,Ib0"--+b'b '-0(+$"' b-((%,Hb
(($Hb  (&&.'"-b0"-!b-!+,Ib


1)+-,Ib'b%%(0b%+'+,Hb

"+%,,b (''-b-(b-!b '-+'-b'b  (''-b-(b'-0(+$,b0!"%b

'-0(+$"' b %(%_+b'-0(+$,b/"b"_ -+/%"' Hb
"IbIb;b(+b(-!+b  (0'%(b&-+"%,b'b
0"+%,,b)+(-((%,Hb


,," '&'-,Hb
 )%(b(&)%-b0(+$Hb

%.%-(+b +(+&b(&&('b +(+&b&-!&-"%b%.%-"(',b

%.%-"(',Hb +*."+b"'b,.#-,b,.!b,b,"'Ib
' "'+"' Ib+!"--.+Ib,--",-",Ib
"''Ib'b(',-+.-"('Hb

)+,!-b +(+&b&-!b0"-!b+(0,b  +(+&b(&)%1b%.%-"(',b

0"-!b!+-"' b 'b(%.&',b(b'.&+,b +*."+b"'b,.#-,b,.!b,b
'b",)%2b!+-,b(b ,"'Ib' "'+"' Ib+!"--.+Ib
+,.%-,Hb ,--",-",Ib"''Ib'b
(',-+.-"('Hb

'%23b-b(+b-+',Hb


 +)+b!+-,b(+b+)(+-,Hb

b




%!"
"'$!$



'$!$
-
(!$


b

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

("b('-+(%b
-"/-b'b"+-b  (+b'(-,b'b(-!+b-b0!"%b

.'-"(',b(b-!b&("%b
/"b0"-!b/("b
(&&',Hb


!',b+b(.)"Hb
 )+-b0!'b-(.!b",b'(-b


)(,,"%Ib,.!b,b0!'b0+"' b
&"--',b-(b'b(b1-+&b(%Hb

1-_-(_/("b /b-!b/"b,)$b  .))%2b"',-+.-"(',b0!'b-!b

,2'-!,",b %(.b0(+,b,-(+b,b-1-Hb %+'+b''(-b%(($b-b-!b,+'Hb
 %"/b2,-+"'b0!'b+"' b


+(&b-!b,+'b",b"".%-Hb

,,",-b%+'+,b0"-!b)((+b/","('Hb

("_-(_-1-b ('/+-b,)($'b0(+,b-(b  '-+b-1-b*."$+b'b&(+b

-1-Hb ('/'"'-%2b-!'b2b$2(+Hb
 '-+b-1-b0!'b!',b+b'b


(+b(-!+b-,$,Hb
 '-+b-1-b0!'b-2)"' b",b'(-b


)+-"%Ib(+b1&)%Ib0!'b
0+"' b %(/,b(+b(%Hb

1-+'%b (+b,(.'b-!+(. !b-!b  (+b/("b"'bb'(",2b

&"+()!('b &"+()!('b#$b('b-!b '/"+('&'-Hb
/"Hb  ,(%-b('b,)""b,(.'b(.-b(b


&'2Hb
 )-.+b'/"+('&'-%b,(.',Hb

. &'-b "0b+%/'-b-b  .))%2b"'(+&-"('b(.-b

+%"-2b ,.)+"&)(,b('b-!b"& b ."%"' ,Ib&('.&'-,Ib'b(#-,b
+(+b2b-!b/"(b "'b-!b%+'+V,b/""'"-2Hb
&+Hb  /%b)--+'b&(' b(#-,b"'b


/"0Ib(+b"',-'Ib-!b%"',b
(''-"' b,-+,b(bb(',-%%-"('Hb
 +(/"b"',-+.-"(',b('b!(0b-(b


"'-+-b0"-!b(#-,b'+b-!b
%+'+Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

*#&#.3H -,#*.#)(HH --H#(H')#&H&,(#(!H

O0!-b-!b.,+b'b(PH

'-+b(+b %2b."(b'b/"(b('bb  %"/b2,-+"'b'b&.,%b




b -%/","('Hbb +&),b.,b2b!.'!"' b(/+bb

%!"
"'$!$



-"'2b,+'Hb
 !+b&("%_%+'"' b0"-!bb


+(.)Hb

'-+b(+b %2b."(b'b/"(b('bb  !+b_%+'"' b('-'-b0"-!bb

)+(#-(+b ,+'b)+(#-(+Hb +(.)Hb
 'b,("%b%+'"' Ib)+(+&b


-"/"-",b,bb +(.)Hb

-b)+(,b ,.+b)!2,"%b-b,.!b  (%%-b-b(+b.,b"'b'b'%2,",Ib

,Jb-&)+-.+Ib"+b ",(/+2Ib(+b+,+!b-"/"-2Hb
)+,,.+Ib)Ib,%"'"-2Ib:Ib  '%b%,,"%b%(+-(+2b
:Ib%+-"('Ib(+Ib


-"/"-",Hb
%" !-Ib(%(+Ib'b,(.'b
%/%Hb
b

)$
%(
*
"($(
$,(%$#$*
$
,

("%b%+'+,b!/b-!b,&b+-"'Ib++.&,Ib'b+"'b!&",-+2b,b,'-+2b
%+'+,Hb
'b&("%b%+'+,b%+'b2b-!b,&b$"',b(b1)+"',Hb!2b(b"+b"'b
-!"+b,"-.-"('Ib'/"+('&'-Ib'b!("b(b(&&.'"-"('b/"Hb
,b," '+,Ib0b&.,-b
(.'-b(+b-!(,b"+',b,b0b,-+"/b-(b)+(/"b%+'"' b1)+"',Hb!",b,-"('b
)+(/",b ."%"',Hb!+b+bb%(-b(b)(,,"%b",,.,Ib.-b(+-.'-%2Ib('%2bb0b0"%%b
))%2b"'b'2b "/'b,"-.-"('Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5C97>
6?B
D85
=?29<5
<51B>5B

!b%+'+V,b,"-.-"('b'b0(+$b-"/"-",b&2b+*."+b,)"%b," 'b(+-,Hb

",.,#-.#H --/-H /#&#(-H

.,2Ib'  b +'"' b&.,-b"-b  ," 'b,!(+-Ib,%_('-"'b,*.',Hb

"'b-"/"-",b-!2b -0'bW!" !+b  -b%+'+,b*."-b-b'2b-"&b'b+,.&b
(',"+b&(+b )+"(+"-2Xb-"/"-",Hb


0!+b-!2b%-b(Hb
"&)(+-'-b-!'b
%+'"' Hb
+/%"' b !b%+'+b&2bb  '%b%+'+,b-(b(0'%(b'-"+b


(.-b(b('--b(+b %,,(',b'b(.+,,b'b)%2b-!&b
!(.+,b(+b2,Hb (%"'bO)b=:=PHb

''(.'b%"',b0%%b"'b/'Hb


 '%.b
b'b%)b,(b%+'+,b'b


,(%/b-!"+b(0'b)+(%&,Hbb
+'+,b&2b  -b '+(.,b%"',b(+b-"/"-",Hbb


,.+b-" .b'b  (b'(-b,b +,b('b)+-"")-"('b"'b
#-b% Hb


+%_-"&b&-"' ,Hb
",-+-b -!+b-,$,b%"&"-b  $b('-'-b/"%%b,b-1-b'b,b


--'-"('b/"%%b ."(Hb
(+b&("%b  -b%+'+,b"b0!'b-(b/'Hbb
%+'"' Hb2," !-b


 $b-!bW+)%2Xb.'-"('b%+Hb
'b!+"' b&2b


%"$0",bb
(.)"Hb
'b+&(-b %(0b,)b  +(/"b%-+'-"/,b-(b!" !_'0"-!b


%(-"(',Ib (''-"('Hb &"bO)b=:<PHb
)(,,"%2b(b-!b  .%",!bb%(0_'0"-!b/+,"('b(b
+"Hb


!b%,,('b(+b) Hb
'-+&"--'-b  '%b%+'+,b-(b(0'%(b'-"+b


(''-"('Hb+b %,,(',b'b(.+,,b'b)%2b-!&b
'('Hb (%"'bO)b=:=PHb
 (b'(-b'(+b)++*.","-,Hb

--+2b%"b",b  +(/"bb,(%+b!+ +b'b1-+b

%"&"-Hb --+",Hb

%%(0b%+'+,b-(b0(+$b+(&b))+b(+b


,"&)%b+"' b-"/"-",bO)b=:>PHb

b
 '$!$
-
(!$



%!"
"'$!$





b

",.,#-.#H --/-H /#&#(-H

'bb"+'-b .-b(b,2'b0"-!b  "'"&"3b+*."+b&-"' ,Hb

-"&b3('Hb %,,b&-"' ,Hb  -b"'b-!b&"%b(b-!b2b(+b-bb




-"&b-!-b(&&(-,b&(,-b+&(-b
%+'+,Hb

%!"
"'$!$




$'(0% b-!-b+&(-b%+'+,b&2b


b!%b,%)Hb.%",!b'(-,Hb
 (b'(-b,b +,b('b)+-"")-"('b"'b


+%_-"&b&-"' ,Hb
,"' bb !b%+'+b ," 'b(+b-!b&("%b/",b%+'+,b
)+,('%Ib+-!+b -+&"',b-!b %+2b!/bO)b=::PHb
-!'bb /"b'b!(0b"-b
(+)(+-Ib ",b('" .+Hb
/"Hb
b

5C97>
6?B
D85
5>F9B?>=5>D
G85B5
<51B>9>7
?33EBC

'/"+('&'-%b('"-"(',b0"%%b-b!(0b0%%b&("%b%+'+,b0"%%b%+'Hb+b+b,(&b
('"-"(',b%+'+,b&2bIb-!b",,.,b-!b('"-"(',b&2b)(,Ib'b," 'b,-+- ",b-(b
%b0"-!b-!&Jb

H)(#.#)(H --/H -#!(H-)&/.#)(;H

(",bb +b-(b!+b/("b'b  /b%+'+,b.,b+)!(',b0"-!b

(-!+b,(.',Hb +b.,b(+b'%(,"' b+&.,Hb
 +(/"bb-1-b-+',+")-b(+b%%b


/("b, &'-,Hb
+b-(b+(+b,(.'Hb +(/"bb'(",_'%%"' b&"+()!('b
(+b"+-"('%b&"+()!('Hb
"+-"('bb "".%-b-(b+b,&%%b "&)%"2b-!b",)%2b'b," 'b(+b
-1-Hb ,2b+"' bO)b=:8PHb
"".%-b-(b)("'-b  ,b%+ +b,%-"('b-+ -,b(+b


)+",%2b(+b.,bb,&%%b %"$,b(+b-),Hb
$2(+Hb  *."+b%,,b-2)"' Hb

&%%b-"%,b+b *."+b/",b0"-!bb!" !_% ""%"-2b

(,.+Hb ",)%2Hb

b




%!"
"'$!$



'$!$
-
(!$


b

H)(#.#)(H --/H -#!(H-)&/.#)(;H

+" !-b%" !-b 1-+&b+" !-',,b'b *."+bb!" !_('-+,-b",)%2b'b'b

,+'b %+b&$b '-"_+%-"('b(-"' Hb
+"' b!+b'b
(,.+,b-"%,Hb
+$',,bb !b,+'b&2bb!+b *."+bb$%"-b",)%2b'b)+(/"b
-(b+b'b)!2,"%b 1-+b--+",Hb
.--(',b&.,-bb%(-b
2b-(.!Hb
.,-b 'b(,.+b,&%%b  +(/"bb)+(--"/b(-"' Hbb


-"%,b'b,+-!b-!b  "&"-b+ _-2)b"'-+-"(',Hb
,+'Hb


'b%( b)(+-,b'b  +(/"bb)+(--"/b,b'b


+/",Hb ,+'b(-"' Hb
 ,b('%2b-!b('_,+'b$2(+Hbb

(",-.+b'b 'b,!(+-_"+."-b-!b  +(/"bb0-+)+((b('-"'+b(+b

!.&""-2b /"Hb -!b/"Hb
 ,b('%2b'b('_,+'b$2(+Hb

-b /"b'b(/+!-Hbb  . ,-b-!-b%+'+,b+b%+'"' b

+,)"+-"('b'b.,b -"%%bb((%+b-"&b(b2Hb
b&(",-.+b)+(%&Hb  "&"-b-!b-"&b,)',b-!-b-!b/"b


&.,-bb-.+'b('Hb
(%b +'+b0+,b %(/,Hb  '%+ b-+ -,b(+b%"$,b'b-),Hb


 +(/"bb,-2%.,Hb

1-+&b(%b'b.,b  +(/"bb!-b,b(+b-!b


-!b/"b-(b"%b'b /"Hbb
--+",b-(b+.'b%(0Hb  .))%2b1-+b--+",Hb

"'b .,-Ib/"+-"('Ib'b Ob-!b'-+",b(+b.,-Ib/"+-"('Ib'b

'(",Hb '(",HPb
%-+(& '-"b '-++'b  +(/"b,!"%"' b(+b-!b/"Hb


"%,b  ',.+b2(.+b_%+'"' b0(+$,b0"-!b


"'-+&"--'-b(+b,%(0b(''-"(',b
O)b=:=PHb
b

b
 '$!$
-
(!$



%!"
"'$!$





b
5C97>
6?B
D85
=?29<5
45F935


,bb," '+Ib"-b %%,b&b-(b(&)+(&",b-!b," 'b(b%+'"' b-(b"-b%"&"--"(',b(b
-!'(%( 2Hb(0/+Ib-!b'"-,b(b&("%b%+'"' b+b,(b(&)%%"' b-!-b(&)+(&",b
",b#.,-""Hb "&"-b%+'"' b-,b'(b%+'"' b'2b2Hb 


#'#..#)(H -,#*.#)(H /#&#(H

%!"
"'$!$



+'b,"3b !b",)%2b,+'b0"%%b  ," 'b(+b,2b+"' bO)b=:8Pb
b,&%%b(+bb,&+-b


'b"-b('-'-b-(b-!b,&%%b
)!('b'b&(+-b(+b ",)%2bO)b=:;PHbb
b-%-Hb  "'"&"3b'/" -"('b('-+(%,Ib


%( (,Ib'b&%&,Hb
 .-b.',,'-"%b'/" -"('b


('-+(%,b'b('-'-b-b-!b
(--(&b(b,+(%%"' b('-'-Hb
 "'"&"3b.,b(b0"b


)!(-( +)!,Ib" +&,Ib'b
-%,Hb
--+2b%"b +'"' b'b(-!+b.,,b  .%",!b--+2_(',+/-"('b
&2b1!.,-b-!b--+2b


"',-+.-"(',Hb
(+b"-b'bb  +(/"bb,(%+b!+ +Ib+b
+!+ Hb


!+ +Ib(+b1-+b--+",Hb
 "'"&"3b--+2_+"'"' b


-"/"-",Ib,.!b,b/"(Ib."(Ib
Ib(+b0"+%,,b,,Hb
 ',-+.-b%+'+,b-(b-.+'b('b


--+2_+"'"' b-.+,b('%2b
0!'b'Hb
'-+&"--'-b +'+,b&2b'(-b!/b  -b%+'+,b(0'%(b%,,(',b


(''-"('b(+b ('-"'.(.,b'-0(+$b 'b(.+,,b-(b-$b0!"%b-!2b
'('b (''-"('Hb(''-"('b +b(b-!b'-0(+$bO)b=:=PHb
&2bb.'+%"%Hb  ," 'b,!(+-Ib,%_('-"'b
(&b ,b+*."+b


%+'"' b(#-,Hb
('-"'.(.,b('--Hb  .%",!b)+(.+,b(+b


.)%("' b0(+$b0!'b$b"'b
('--Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

#'#..#)(H -,#*.#)(H /#&#(H

%(0b(''-"('b "+%,,b(''-"(',b +(/"b%-+'-"/,b(+b!" !_

,)"%%2b-b+&(-b '0"-!b&"Hb
%(-"(',b&2bb,%(0+b
-!'b0"+b(''-"(',b
-b!(&Hb
("'-"' b/"b
b"' +-")b''(-b)("'-b  '%+ b,%-"('b-+ -,b'b


)+",%2Hb %/b,)b-0'b-!&Hbb
 (',"+b)+(/""' bb,-2%.,Hb

-(+ b%"&"--"(',b "&"-b('_/"b +(/"b%-+'-"/,b-(b!" !_

,-(+ Hb '0"-!b&"bO)b=:<PHb
"%b(+&-,b (-b%%b/",b,.))(+-b -"$b-(b0"%2b,.))(+-b"'.,-+2_
,.))(+-b %,!IbIb /Ib(+b ,-'+b(+&-,Ib,.!b,b Ib
!" !%2_(+&--b Ib /+")-Ib'b Hb
"+(,(-b"b
(.&'-,Hb
+(0,+b,.))(+-b (-b%%b/",b!/b ('Y-b)'b('b)+",b%2(.-b'b
(b,-'+,b +(0,+,b-!-b,.))(+-b (+&-Hb
"'.,-+2_,-'+,Hb
b

)$
+"$)
%(
%,(%#$
"#**%$)

!",b,-"('b(+,b,. ,-"(',b-(b&$b&("%b%+'"' b&(+b'  "' b'b-"/b'b
-(b(/+(&b-!b%"&"--"(',b(b%+'+,Vb,"-.-"(',Ib&("%b/",Ib'b'/"+('&'-,b
0!+b%+'"' b(.+,Hb

5C97>
6?B
51CI
B5149>7

"' b+(&bb,&%%Ib %+_,-+"$'b,+'b'bb++(+_)+('b'b(0'+" !-b)"'.%Hb(b
'(-b+*."+b%' -!2b+"' b2b&("%b%+'+,Hb,b(-!+b02,b-(b)+,'-b/+%b
"'(+&-"('Hb

/H."H')/(.H&,(,-H'/-.H,Hb+(/"b(/+/"0,b'b,.&&+",Hbb

),'.H ),H-((#(!Hb -b%+'+,b*."$%2b"'b-!b,&%%b)"b(b-1-b-!2b+%%2b'Hb
,b%(-,b(b!"' ,Hb('/+-b)+ +)!,b-(b,"%2b,$"&&b-%,b'b%",-,Hb

,-(.H1),-H-H/#)Hb(+b-1-b'b",-+".-b."(b"%,Hb b-!",b",b'(-b)+-"%Ib
%(($b"'-(b-1-_-(_,)!b,2'-!,",Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

-HH'),H&!#&H'#/'H),H0#Hb(',"+b.) +"' b%+'+,b+(&bb,&%%_
,+'b,&+-b)!('b-(b-!b&(+b,)"(.,b",)%2b(bb-%-b(+b%)-()Hb+b#.,-b'%b
%+'+,b-(b)+"'-b(.-b('-'-b-!2b&.,-b+b+.%%2Hb

-.&#-"H(H )&&)1H-.(,-H) H&!##&#.3Hb(+b&(+b('b," '"' b-!b/",.%b
",)%2Ib-$bb%(($b-b('%"'b!)-+b9<Hb 



.H&,(,-H$/-.H."H#-*&3Hb+(/"b"',-+.-"(',b('b!(0b-(b.,-(&"3b-!b",)%2Hb

%!"
"'$!$



++b.-!(+"' b-((%,b-!-b&b('-+(%,b-(b%-b%+'+,b#.,-b-!b",)%2Hbb

-H-#'*&H"#!"G)(.,-.H%!,)/(-Hb
/("b +)!",b!"'b-1-Hb&&+b%$b
'b0!"-b)+(/",b-!b!" !,-b('-+,-Hb

#19>D19>
3?>D13D
G9D8
<51B>5BC

("%b%+'+,b'b%b",(%-b'b%('%2Hb!2b''(-b,0"' b2b(+bb,((-!"' b.)b(b
!+b-b.+"' b("b!(.+,Hb!2b''(-b,$b-!b)+,('b,"--"' b'1-b-(b-!&Hb!2b&2b
b(.-b(b('--b(+b2,b-bb-"&Hb!2b&2bb-'b-"&b3(',b02b'b#-b% Hb
+(/"b02,b-!-b+&(-b%+'+,b'b -b,,",-'b'b,.))(+-b0!'b'Hb

b)H
b-H

b b
(&b,. ,-"(',Jbb


,,(!H78G")/,H."(#&H-/**),.b(+b-!b&("%b/"b'b'2b,(-0+b-!b%+'+b
&2b.,b0"-!b-!b/"Ib"'%."' b-!b%+'"' b&' &'-b,2,-&Ib('%"'b&-"' b
-((%Ib'b,("%_&"b,"-,b'b%"'-,Hb

 #(HC) #H")/,-DH.)H&&)1H&.,)(#H*,.##*.#)(b/"b-1-b&,, "' Ib!-Ib
/("b('+'"' Ib(+b#.,-bb)!('b%%Hb

-*)(H*,)'*.&3H.)H'--!-b+(&b&("%b%+'+,Hb+(&",bb+,)(',b0"-!"'bb
+-"'b&(.'-b(b-"&a'b$)b-!",b)+(&",Hb-b+%",-"b1)--"(',Jb-!+,b
'b,%)b-((Hb

(&#-.H&&H&,(,-H#(H-/**),.#(!H')#&H&,(,-Hb $b%%b%+'+,Ib&("%b'b'('_
&("%Ib+,)(',"%b-(b!%)b-!"+b%%(0b%+'+,Hb b',,+2Ib "/b1-+b+"-b-(b-!b
&(,-b!%).%b%+'+,Hb

.H')#&H&,(,-H)''/(#.H)(H."#,H)1(H.,'-Hb-b.)b&.%-")%b!''%,b(+b
%+'+,b-(b,$b*.,-"(',Ib+*.,-b!%)Ib(+b#.,-b/'-b-!"+b+.,-+-"(',Hb -b%+'+,b
(&&.'"-b/"b/("b&"%Ib-1-b&,, "' Ib_&"%Ib!-Ib0"--+Ib(($Ib'b'2b
(-!+b&',b-!2b&2bb%b-(b.,Hb & "'b2(.+b%+'+b)+!b-b-!b-()b(bb
#.' %b)$b+'-"%%2b-+2"' b-(b*."+b&("%_)!('b," '%b,b-!"+b--+2_%/%b
",)%2b+(),b-(b"-,b%,-b!"%-Hb

b




%!"
"'$!$



'$!$
-
(!$


b
5C97>
6?B
D85
45F935C
<51B>5BC
1<B514I
81F5

("%b/",b+b)+,('%b/",Hb +'+,b0"%%b)++b-!b/"b-!2b%+2b$'(0Ib
%(/Ib'b++2b/+20!+Ib'(-b-!b('b2(.b)+,+"a/'b"b2(.b "/b-!&b-!b'0b
/"b+Ib +-",Ib'b-b'(b!+ Hb

+'b0!-b/",b%+'+,b%+2b!/Hb," '"' b_%+'"' b(+b'b
'+("b/"b
'bbb",,-+b"bA8Bb(b2(.+b%+'+,b!/b"!(',Hb

," 'bb('-'-b-(b",)%2b"'bb/+"-2b(b&("%b'b,$-()b/+,"(',b(b
+(0,+,Ib,.!b,b"+(1Ib+"Ib(+b '-+'-b1)%(++Hb

(+ (b.,b(b-.+,b'(-b0"%2b/"%%b&(' b%+'+,Vb/",Hb+(/"b
%-+'-"/,b(+b-!(,b0!(b%$b,)""b)"%"-",Hbb

,-b%+'"' b('b-!b.%%b+' b(b/",b%+'+,b0"%%b.,Hb
-bb&"'"&.&b-,-b('b-!b
%,-b)%b/"Hb

+C5
<51B>5BCO
D9=5
5669395>D<I

("%b%+'+,b+b.,2b'b(-'b",-+-Hb!2b&2b!/b%"--%b)-"'b(+b-"/"-",b
0"-!b'(b(/"(.,b'"-Hb
b%+'+b0!(b,$,IbW!2b&b b("' b-!",MXb",b%(,-b-(b2(.Hbb

 H)b
,-b%+'+,Vb-"&b&(/"' b+(&b
%(-"('b-(b%(-"('H

.!b-"&b,)'-b#.,-b(%%-"' b-Hb
*."+b1-',"/b-1-b'-+2Hb
*."+b)+",b-1-b'-+2Hb
*."+b(&)%1b(+&--"' b(b-1-Ib
(+&.%,Ib-%,Hb

H-b
1"&"3b%+'"' b-bb%(-"('b'b
0!"%b('b+(.-b-(bb'0b%(-"('H

'+,b-"&b,)'-b'%23"' b-b'b
+0"' b('%.,"(',Hb
-b%+'+,b)"$b+(&bb%",-Hb

)-b-2)(,b'b+/"-"(',Hb

)-b)%"'b-1-Hb

*."+b(&)%1b&"b"-"' Hb
)-b+0b%"),Hb

,," 'b+)-"-"/b-"/"-2b0"-!(.-b .))%2bb,-+-"' b)("'-b(+b,&)%b-b

%+'"' b'"-Hb -!-b%"&"'-,b-!b'b(+b+)-"-"/b
-"/"-2Hb

,," 'b'2b-"/"-2b0!(,b'"-b",b'(-b %%b%+'+,b0!2b-!2b'b-(b(b-!b
(/"(.,Hb -"/"-2Hb
b

b
 '$!$
-
(!$



%!"
"'$!$





b
9D
D5HD
1>4
7B1@893C
D?
D85
49C@<1I

+'_,"3b'b(&bb+"-"%b",,.b"'b&("%b%+'"' Ib,)"%%2b0!'b)+,'-"' b
(&)%1b"'(+&-"('b('bb&("%b)!('b!%b,(b-!b,+'b",b-%%+b-!'b0"Hb



 H)b
H-b

%!"
"'$!$










,-(.H)(&3H),H'.,#&Hb.-b(.-b'2-!"' b'(-b+*."+b-(b(&)%",!b2(.+b%+'"' b
(#-"/Hb(b(&)',-b(+b)(,,"%b ),Ib&$b"-b,2b(+b%+'+,b-(b,$b*.,-"(',Hb

-H-*H ),H'(#(! /&H)(.(.H)(&3;b%"&"'-b.'',,+2b''+,Ib ,Ib.--(',Ib
% %b0+'"' ,Ib()2+" !-b'(-",Ib'b%( (,Hb!",b&2b+*."+b('+('-"' b-!b% %b
)+-&'-b'b/",.%_"'-"-2b(&&"--Hb '%.bb ),H>H.--('b-(b+/%b
+&(/b"-&,Hb

/.H-)(,3H)(.(.H.H."H)..)'H) H."H*!Hb!",b02b"-b(,b'(-b",-+-b%+'+,b
(+b0,-b,)b"'b-!b"+,-b,+(%%"' b3('Hb!b(--(&b",bb ((b)%b(+b()-"('%b
'/" -"('b('-+(%,Ib&%&,Ib ,Ib()2+" !-b'(-",Ib'b(-!+b% %b'(-",Hb

/H)(.(.H.)H#-*&3Hb+()b'b,"&)%"2b +)!",Hb"-b-1-Hb)%bb%+ b
+)!"b0"-!b'b(/+/"0b'b,+",b(b%(,_.),Hb.&&+"3Hb

,-(.HH,# H0,-#)(H&#(%H.)HH)'*&.H0,-#)(;b(+b1&)%Ib%"'$b-!.&'"%b
+)!",b-(b'b'%+ &'-Hb+b%"'$b'b(/+/"0b-(bb(&)%-b+-"%Hb

-.H*!-H.H-'&&H-#4-Hb $b,.+b) ,b",)%2b0%%b('b-!b,&%%,-b'b'++(0,-b
,+',b%"$%2Hbb

-#!(HH &2#&H&3)/.;H',.+b-!-b-!b",)%2b#.,-,b0%%b-(b"+'-b,+'b,"3,Hb
!",b".b+*."+bb,)+-b/+,"('b(+b&("%b/",Ib.-b'b(-'bb(&)%",!b
2bb,)+-b,-2%b,!-b(+b&("%b/",Hb

-#!(HH-#(!&G)&/'(H &)1;H
/("b,"+b+-"%,b(+b-%,b(b('-'-,b-!-b",)%2b
"'bb,)+-b(%.&'b-(b-!b%-b(+b+" !-b(b-!b&"'b('-'-Hb
b




%!"
"'$!$



'$!$
-
(!$


b
&B?F945
<?G21>4G94D8
1<D5B>1D9F5C

"b," 'b(+b'b%02,_('Ib!" !_'0"-!b(''-"('b'b)+(/b.,%,,b(+b&'2b
&("%b%+'+,Ib0!(b&2b!/bb,%(0b(''-"('Hb
$b/"%%b%(0+_'0"-!b/+,"(',b'b%-+'-"/b&"b(+b+."%b('-'-Hb

#!"G(1#."H )1,G(1#."H0,-#)(H
&.,(.#0H'#H

'#/'H

 !(+-'b%"),Hb  -"%%,b'b."(Hb
"(b


 .b0"-!b'b  -"%%b)!(-( +)!,b'bb



!" !-Hb -+',+")-Hb
 (&)+,,b&(+b!" !%2Hb  .,-bb-+',+")-b"b-!b/",.%b



(&)(''-b",b'(-b,,'-"%Hb
 &%%+b0"'(0Hbb 
."(b!-b(+b)!('b
"(b!-b(+b


('+'"' b  '%2b-!b.++'-b ('+'Hb


,)$+b/","%Hb  1-b!-Hb
 !(+-'b, &'-,Hb  1-b-+',+")-b(+b

."(b


 ('/+-b,-+(b-(b&('(Hb ,+")-"('b(b,(.',Hb


 (&)+,,b&(+b!" !%2Hb  1-b,.&&+2b(bb



 !((,bb"%b(+&-b%"$b ",.,,"('Hb


H&);b-!-b",b," 'b
(+b,&%%b,"3Hb
 +()b-!b"& b-(b#.,-b
!(-( +)!,b
'%.bb-!.&'"%b"& b
-!b,,'-"%b)+-Hb %"'$b-(b-!b.%%_,"3b +)!"Hb
 .b-!b0"-!b'b


!" !-Hb
 (&)+,,b-!b +)!"b


&(+b!" !%2Hb

%"b)+,'--"('b,b %",b-b,&%%+b,"3b'b -"%%b)"-.+,b'b-+',+")-Hb

/"(Hb ."(b&(+b(&)+,,Hb
b

!b$2b!+b",b-!"'$"' b(.-b-!,b",,.,b'b%-+'-"/,b(+b2(.b+-b!" !_
'0"-!b&"Hb(+b1&)%Ib"-b",b,"+b-(b"'"-"%%2b+(+b-0(b/+,"(',b(b/"(b+-!+b
-!'b-(b!/b-(b+,- b'b+,!((-bb%(0_'0"-!b/+,"('b%-+Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
5C97>
6?B
9=@5B653D
>5DG?B;
3?>>53D9?>C

+'+,b&(/"' b(.-b"'b-!b0(+%b&2b,$"+-b+,b(b(''-"/"-2b(+b&(/b+(&b!(-,)(-b
-(b!(-,)(-Hb!2b&2b,-+2b(b-!b +"b(+b"'-(b+,b(b(/+%(b.+'b'-0(+$,Hb
,bb
+,.%-Ib-!2b&2b!/b('%2b,)(+"Ib(,"('%Ib'b.'+%"%b'-0(+$b(''-"(',Hb 


+'+,b&2b(''-b(+b('%2b,!(+-b)+"(,Hb!2b&2b1)+"'b+()(.-,b'b'-0(+$b

%!"
"'$!$



"%.+,Hbb
!,b+b-!'"%b)+(%&,b'b.,.%%2b+*."+b-!'"%b,(%.-"(',Hb!b(%%(0"' b
,. ,-"(',b0"%%b+*."+b(+-,b2b2(.+b-!'"%b,.))(+-b,-Hb


&&)1H'/&.#*&H.3*-H) H(.1),%H)((.#)(Hb"$b&("%b/",b-!-b%-b%+'+,b.,b
(-!b-%)!('b'b(&).-+b'-0(+$b)+(-((%,b,.!b,b"_"IbIb<Ib'b;Hb
)b"'b&"'b-!-b-!b'-0(+$b)+(-((%,b'b+*.'",b(&&('b"'b('b)+-b(b-!b
0(+%b&2bb,'-b"'b(-!+b)+-,Hb

,%H)(.(.H#(.)H'(3H-'&&H #&-b+-!+b-!'b('b" b"%Hb'%bb,"' %b-"('b-(b
-+" +b(0'%(b(b-!b'-"+b)$ Hb%+%2b%%b0!"!b"%,b+b+*."+b(+b0!"!b
-"/"-",Hb

'%b%+'+,b-(b+,.&bb(0'%(b()+-"('b-!-b0,b"'-++.)-Hb

,)0#H ),H)(G0#H-.),!H) H&,(#(!H)(.(.Hb!",b",b'(-bb,"&)%b&--+b('b,(&b
&("%_/"b()+-"' b,2,-&,Hb

)H().H( ),H.#'H&#'#.-H ),H.-.-Hb -b%+'+,b+,.&b'b"'-++.)-b-,-Hb
+2b-!",Jb-b%+&,b('b2(.+b&("%b/"b-(b (b(b/+2b0b&"'.-,Hb-+-b-$"' b2(.+b
_%+'"' Hb/+2b-"&b'b%+&b (,b(Ib-.+'b(b-!b'-0(+$b(''-"('Hb"-bb0b
&"'.-,Ib'b-!'b-.+'b-!b'-0(+$b(''-"('b$b('Hb(0b0,b2(.+b_%+'"' b
1)+"'Mb

>12<5
M4?G><?14
1>4
7?N

(' b)+"(,b(b('-"'.(.,b'-0(+$b(''-"('b+b'(-b
)(,,"%b(+b&'2b&("%b%+'+,Hb*."+"' b-!&b-(b%+'b
('%2b0!"%b('-"'.(.,%2b(''-b-(b-!b'-0(+$b",b'(-b
)+-"%Hb(Ib0b&.,-b'%b%+'+,b-(b(0'%(b.'"-,b(b
%+'"' b('-'-b-(b-!"+b/"b'b"'-+-b0"-!b-!&b
0!"%b'(-b(''-b-(b-!b'-0(+$Hb!b(&&('b'&b(+b
-!",b-.+b",bW(0'%(b'b (HXb

$b,.+b-!-b2(.+b%+'"' b&' &'-b,2,-&b'b

.-!(+"' b-((%,b,.))(+-b-!",b-.+Hb(&b _
('(+&'-b,2,-&,b+*."+bb'-0(+$b(''-"('b"'b(++b
(+b(&)%-"(',b(b!b.'"-b(+b+,.%-,b(b!b-,-b*.,-"('b
-(bb+(+Hb

b




%!"
"'$!$



'$!$
-
(!$


b
)9=@<96I
5>D5B9>7
D5HD

&+-b)!(',b'b-%-b/",b%$bb.%%_,"3b$2(+Hb(&b/",b!/b'(b)!2,"%b
$2(+b'b"',-b+%2b('bb$2(+b",)%2b('b-!b,+'Hb2)"' b",b-2)"%%2b
!.'-_'_)$b(+b%"&"-b-(b-!.&,Hb Ib,(&b%+'+,b'b-2)b*."$%2b'b.+-%2b
0"-!b#.,-b())(,%b" "-,Ib.-b&'2b''(-Hb+(%&,b+",b0!'b&("%b%+'+,b&.,-b
-2)b*."$%2Ib'-+b%+ b&(.'-,b(b-1-Ib(+b-2)b.+-%2Hb

&2H."H,/&-H) H1,#.#(!Hb
%%(0b+/"-"(',b'b&"'(+b-2)(,Hb(%+-b"'(&)%-b
,'-',b'b%%")-"%b1)+,,"(',Hb .,-b"',",-b('b%+"-2Hb

#(#'#4H,+/#,H.2.H(.,3Hb)%b,,2b*.,-"(',b0"-!b,!(+-_',0+b'b
&.%-")%_!("b*.,-"(',Hb

#0H&,(,-H()/!"H.#'Hb%"&"'-b-"&b%"&"-,b('b-,-Hb-b '+(.,b%"',b(+b
-"/"-",b-!-b+*."+b1-',"/b-2)"' Hb


&&)1H0)#H-/'#--#)(-Hb -b%+'+,b+(+b'b.)%(b-!"+b+,)(',,Hb
-b%,-b%-b
%+'+,b+(+b',0+,b-(b'b',0+"' b&!"'Hb

-H0)#G.)G.2.H."()&)!3b-(b%-b%+'+,b+-b-1-b2b,)$"' b"'-(b-!b&("%b
/"Hb.!b/("_-+',+")-"('b-((%,b+b'(-b)+-b.-b-!2b(b)+(/"b'(-!+b02b
-(b '+-b-1-b('bb&("%b/"Hb

?<<?G
5CD12<9C854
EC5B9>D5B6135
7E945<9>5C

,+,b(b&("%b/",b1)-b%+'"' b('-'-b-(b%(($b'b!/b%"$b(-!+b('-'-b('b
-!"+b/"Hb!2b+,'-b!/"' b-(b%+'b'0b+.%,b'b('/'-"(',Hb!+b)(,,"%Ib
(%%(0b-!b.,+_"'-+b ."%"',b(+b-!b/"Hb
('(+&'b-(b-!b.,+_"'-+b,-'+,b(b-!b/"b",b%+ %2b'b",,.b(+b2(.+b
.-!(+"' b-((%,Jb'b-!2b('/'"'-%2b)+(.b('-'-b-!-b(&)%",b0"-!b-!b,-'+,Mbb

(b,b0!-b,-'+,b))%2b-(bb/"Ib,+!b(+bW"!('b.,+b"'-+b ."%"',Xb(+b
-!b*."/%'-b(+b2(.+b/"Hb

(5=5=25B
@1@5B
9C
1
=?29<5
45F935

)+b",b'(-b-!b'&2b(b&("%b%+'"' Hb)+b!,bb!" !%2b% "%b",)%2Hb -b-(%+-,b
!-Ib(%Ib.,-Ib'b%-+"%b"'-++'Hb -,b--+2b%"b",b'+b"'"'"-Hb
'b"-b",b
"( +%b'b+2%%Hb-b(/+b2(.+b))+b ."%-b'b#.,-b)+"'-b"-b(.-a"b-!-V,b-!b
,-b02b-(b-b%+'"' Hb

b
 '$!$
-
(!$



%!"
"'$!$





b
+V,b'b1&)%b(bb))+_,b&("%b%+'"' b-"/"-2Hb



%!"
"'$!$



b

)+b",b ((b(+b&("%b%+'"' b0!'Jb


+'+,b%$b&("%b/",Hb

+'"' b&.,-b-$b)%b"'b'/"+('&'-,b0!+b&("%b/",b+b'(-b%%(0Ib(b
'(-b0(+$Ib(+b&" !-bb& Hb

+'"' b0"%%b-$b%(' +b-!'b-!b--+2b%"b(b-!b/"Hb

(5EC5
5H9CD9>7
3?>D5>D

("%b)!(',b'b-%-,b+b(',.&+b/",Hb!"+b"&&',b)().%+"-2b!,b,).++b
-!b/%()&'-b(b/,-b&(.'-,b(b('-'-b-!-b)%2,b('b-!,b/",Hb .!b(b-!",b
('-'-b",b+b(+b"'1)',"/Hb(&b(b"-b",b)(-'-"%%2b.-"('%Hb(b,b1&)%,Ib
)+.,b-!b".',b,-(+Ib,)"%%2b-!b
))b'b".',b,-"(',Hb+b,+!b%*!8$"#8
!'##8$#)#)Hb
(+b2(.b/%()b('-'-Ib(',"+b0!-!+b/"%%b('-'-b'bb)-b-(b2(.+b
).+)(,,Hb(Ib0!-b$"',b(b('-'-b+b/"%%b(+b&("%b/",Mb


'#H)(.(.Hb '2b.'"/+,"-",b'b(%% ,b'(0b&$b/"%%b,.,-'-"%b
0(+$,b2b-!"+b.%-2b'b,-.'-,Hb!,b"'%.b",,+--"(',Ib-!,,Ib))+,Ib'b
,%",Hb

/&#&3H*/&#-"H'.,#&-Hb!b '-+'-b!,b'%bb0(+%b(b).%",!+,b(b
)+,('%b'b(+)(+-b('-'-Hb.!b).%"-"(',b)+(/"b)+,'--"(',b'b,b
,-.",Hb .,-b+&&+b-(b+,)-b-!b()2+" !-b(b-!b).%",!+,b(b,.!b&-+"%,Hb
!,b"'%.b%( ,Ib)(,-,Ib%-.+,Ib,)!,Ib)+(.-b&(',-+-"(',Ib)+(.-b
-.-(+"%,Ib"'-+/"0,Ib)'%b",.,,"(',Ib+)(+-,Ib0!"-b))+,Ib'b1.-"/b+""' ,Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

(.,.#('(.H'#Hb "b)+(.b(+b'-+-"'&'-b&2b!/b,('+2b.,,b(+b
.-"('Hb((b'"-,b"'%.b0(+%b&.,"Ib&(/",Ibb,!(0,Ib(($,Ib'b
."(b(($,Hb .,-b+&&+b-(b+/"0b()2+" !-b+,-+"-"(',Hbb

 ,(H1),%-Hb(',.%-"' bb++'b'b'(-b(,"('bb-+")b-(b-!b%"++2Hb '2b
$"',b(b++'b0(+$,b+b/"%%b('%"'b(+b.,b"'b.-"('b'b,b)+(+&'b
,.))(+-Hb!,b"'%.b"-"('+",Ib++'b(($,Ib-1-(($,Ib#(b",Ib+)(+-,Ibb
,"-,Ib,-($_&+$-b+)(+-,Ib!",-(+"b)!(-(,Ib,)!,Ib%,!b+,Ib)+"("b-%Ib
'-(&2b" +&,Ib%,,"%b&.,"Ib'0,))+,Ib'b'0,b,Hb


**&#.#)(-Ib(+b%%(b(+b,!(+-Ib+b)+( +&,b-!-bb)"%"-",b-(b-!b&("%b/"Hb
(&b+b,)"%%2b.,.%b(+b&("%b%+'"' Ib(+b"',-'Ib,)+,!-,Ib)+,'--"('b
,%"b)%2+,Ib&,.+&'-b-((%,Ib&),Ib%.%-(+,Ib."(_(($b)%2+,Ib(($b
++,Ib &,Ib0(+b)+(,,(+,Ib'b+_(b++,Hb

("
#%"
"($$

'b+%b&("%b%+'"' Ib0b%+'b+(&b-!b0(+%b+-!+b-!'b+(&b&("%b/",Hb%b
&("%b%+'"' b(.+,b0!'b)()%b'  b(#-,Ib%(-"(',Ib'b(-!+b)()%b(.-,"b
-!b%,,+((&b(+b("Hb!b&("%b/"b'b)+(/($b'b,,",-b,.!b%+'"' b-"/"-",Ib
.-b"-b",b'(-b-!b(.,b(+b%(.,b(b-!b-"/"-2Hb%b&("%b%+'"' b-"/"-",b+b,b/+"b
,b-!b-!"' ,b)()%b(b(.-b"'b-!b+%b0(+%Hb+b0b(',"+b#.,-bb0b1&)%,b(b
&("%b%+'"' b-!-b (,b2('b,,b-(b('/'-"('%b%+'"' Hb

#?29<5
49C3?F5BI
<51B>9>7

",(/+2b%+'"' b-"/"-",b%b%+'+,b-(b",(/+b'b/%()b)+"'")%,b'b
(')-,b-!+(. !b(,+/-"('b'b1)+"'Hb

'b-!",b1&)%Ib%+'+,b",(/+b)+"'")%,b2b"'-+-"' b0"-!b
+%_0(+%b(#-,Ib'&%2b-&)+-.+b)+(,b'bb,-+&Hb
"/b%+'+,bO(+b-&,Pb+b,," 'b-!b-,$b(b'%23"' b
-&)+-.+b/+"-"(',b%(' bb,-+&b(.+,Hb!2b+b
)+(/","('b0"-!b&("%b/",b*."))b0"-!b-&)+-.+b
)+(,Hb!b%+'+b",b,," 'b-(b,&)%bb)("'-b%(' b-!b
,-+&Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

-b-!b,&)%b)("'-Ib!b%+'+b"',+-,b-!b)+(b"'-(b-!b
0-+b'b-),b-!b),b.--('Ib0!"!b)-.+,b-!b
-&)+-.+b-b-!-b)("'-b%(' b0"-!b"-,b%-"-.b'b%(' "-.Hb



%!"
"'$!$



'b-!b"/b,&)%b)("'-,b+b)-.+Ib!b/"b",)%2,b
%%b-!b-b -!+Hb

+'+,b-!'b",.,,b-!b -!+b-Ib'(-"b-+',b'b
'(&%",Ib'b!2)(-!,"3b('b-!b.'+%2"' b.,,Hbb

!",b!2)(-!,",b%,b-(b'(-!+b+(.'b(b(,+/-"('b'b
'%2,",Hb

b
!b%(0b(b-"(',b!+b",b&.!b-!b,&b,b(+b-!b/"+-.%_%(+-(+2b-"/"-2bO)b9<?Pb,b
(-!b+b,b('b-!b%,,"b,"'-""b&-!(Hb

b




%!"
"'$!$



'$!$
-
(!$


b

!b&("%b",(/+2b
-"/"-2b "',b0"-!b-!b
('+-b,," '&'-b-(b
-!+b-Hb!b/"b-!'b
+)!,b-!b-b"'bb02b-!-b
)+(/($,b(&)+",('b'b
'%2,",Hb
",.,,"('b%,b-(bb
!2)(-!,",b(+b-0(b-(b1)%"'b
(,+/b+,.%-,Hb-.+%%2b
-!+b(%%(0,b-!b)+()(,%b
(+b&(+b(,+/-"(',b-(b-,-b
-!b!2)(-!,",Hbb

!",b)+()(,%b(&,b-!b
,," '&'-b(+b'(-!+b
+(.'b(b-,-"' Hbb

9CD1>35
1@@B5>D935C89@
@B?7B1=

(+b=8I888b2+,b(+b,(Ib!.&'b"' ,b!/b%+'bb-+Ib'b+-Ib(+bb,.+/"/%b,$"%%b
-!+(. !b))+'-",!")Ib"'b0!"!b'b1)+-b(+b&,-+b(/+,,b-!b0(+$b(b%,,_,$"%%b
))+'-",b,b-!2b)+(+&b,.,,"/%2b&(+b"".%-b)",b(b0(+$Hb
!(. !b0"%2b$'(0% b,b'b-"/b'b'#(2%b02b-(b%+'Ib))+'-",!")b
%%b(.-b(b/(+b.,b"-b0,b(',"+b-((b1)',"/b(+b0",)+b.,Hb ("%b
/",b!/b+/"/b-!",b'"'-b(+&b(b%+'"' Hb"-!b&("%b/",Ibb,"' %b1)+-b
'b ."b-!b0(+$b'b%+'"' b(b&'2Ib0"%2b",-+".-b))+'-",Hb -V,b,b'b
1&)%b(b!(0Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

+'"' b'bb"'"-"-b2bb*.,-"('b+(&b-!b%+'+Hb
!b',0+b&2b"'%.b-1-Ib/("Ib +)!",Ib,--",-",Ib(+b
/"(Hb

b(&)%-b",.,,"('b'b(.+b0"-!(.-b"-!+b1)+-b(+b 


))+'-"b%/"' b-!"+b.++'-b%(-"('b'b0"-!(.-bb)"'.%b

%!"
"'$!$



"'-++.)-"('b(b(-!+b-"/"-",b(b"-!+b1)+-b(+b%+'+Hb

!b-!+b'b'+"!b%+'"' b2b,$"' b*.,-"(',b(b-!b

))+'-"b(+b2b,," '"' b-!b))+'-"bb,)""b)"b(b
0(+$Hb

b
!b))+'-"b(&)%-,b-!b+%_0(+%b,," '&'-b'b
,.&"-,bb)!(-(Ib/"(Ib(+b(-!+b/"'b(b-!b0(+$Hb

!b1)+-b'b)+(/($b'b,,,,b%+'"' b2b,$"' b
))%"-"('_+%-b*.,-"(',b-!-b+*."+b-!(. !-b2b-!b
%+'+Hb

b




%!"
"'$!$



'$!$
-
(!$


b

!b1)+-b'b(+b&(+b-!'b"',-+.-"(',b'b$'(0% Hb
!b1)+-b'b,'b'(.+ &'-b'b,2&)-!2b,b0%%Hb

!b,"b-&)%-b(+b",-'b))+'-",!")b-"/"-",b",b*."-b,"&)%Ib,b-!",b" +&b
,!(0,Jb

B389D53DEB5
D?EB

'b-!",b,%_ ."b+!"--.+%b-(.+Ib-!b%+'+b",b ."b-(b",(/+b1&)%,b(b
(&&('b,-2%,b(b(&,-"b9A-!b'-.+2b+!"--.+Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

!b%,,('b "',b0"-!bb,"&)%b"'-+(.-"('b-(b-!b
(#-"/Hb



%!"
"'$!$



!b%+'+b",b-(%b0!+b-(b (b-(b "'b-!b-(.+Hb(-!b,-+-b
'bb((+"'-,b+b "/'Hbb

!b%,,('b+&"',b-!b%+'+b-(b.,b)"%"-",b(b-!b
&("%b/"Hb

!b%+'+b.,,b('(+b&),b'bb'/" -"('b-(b"'b
-!b,-+-"' b)("'-Hb

b




%!"
"'$!$



'$!$
-
(!$


b

!b%,,('b"+-,b-!b%+'+b-(bb,)""b%(-"('b('b-!b
-(.+Hb

b
!b%+'+b",b+*."+b-(b'%23b-!b(',-+.-"('b-"%,b(b
b!(.,b'b"b"-,b)+(&"''-b+!"--.+%b,-2%Hb

b
!b%+'+b+"/,b$Hb$b(+b-!b"'(++-b
+,)(',b0(.%b"+-b--'-"('b-(b+!"--.+%b-.+,b
-!-b"'b-!b!(.,V,b,-2%Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

!b%+'+b+"/,b"',-+.-"(',b-(bb'0b%(-"('Hb!b
%+'+b'b.,b-!b/"V,b&),IbIb'b(&),,b-(b"'b
-!b%(-"('Hb



%!"
"'$!$



!b%+'+b",b"',-+.-b-(b/+"2b-!-b-!b(++-b!(.,b!,b
'b(.'b2b-$"' bb)!(-(b(b"-a"'%."' b-!b%+'+b"'b
-!b)"-.+Hb

!b%+'+b-$,b-!b+*.,-b)!(-(Ib'b-!'b.,,b-!b
."%-_"'b_&"%b-.+b(b-!b/"V,b&+b-(b,.&"-b-!b
)"-.+Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b
>:53D
=?29<5
13D9F9D95C
9>D?
?D85B
6?B=C
?6
<51B>9>7


("%b-"/"-",b'b(.+b0"-!"'b('/'-"('%b%,,+((&b'b_%+'"' b%,,(',Hb!b
(%%(0"' b" +&b,!(0,b!(0b-!b1.+,"('b(.-b"'-(b-!b0(+%b",b,'0"!b-0'b
-"/"-",b-!-b)+)+b-!b%+'+b(+b-!b&("%b-"/"-2b'b(',b-!-b+(''-b-!b
%+'+b0"-!b-!b%(0b(b('/'-"('%b%+'"' Hb

.*$
%$,$*%$"
*,*)
%(
#%"
"($$

,b-!b)"%"-",b(b&("%b%+'"' b-(b'+"!b'b1)'b('/'-"('%b_%+'"' b
-"/"-",Hb
%%(0b%+'+,b-(b)+(+&b-"/"-",b"'b'2b%(-"('Hb '/(%/b+%_0(+%b(#-,Ib
)()%Ib%(%,Ib'b/'-,b"'b%+'"' b-"/"-",Hb,b-!b&"b(b&("%b/",b-(b
)-.+b'b,!+b+%_0(+%b1)+"',Hb

HD5>4
2C?B2
13D9F9D95C
6?B
=?29<5
<51B>9>7

(+b&("%b%+'"' Ib!/b%+'+,b,(+b-+',&"--b"'(+&-"('b0!"%b&("%Ib)-.+b
+%_0(+%b('-'-b(+b(-!+,b-(b,(+Ib'b,(+b+(&b+%_0(+%b1)+"',Hbb

$b,.+b-!-b%%b+(+b'b%"/b)+,'--"(',Ib&(',-+-"(',Ib+"' ,Ib'b
,-(+",b'bb1)+"'b-!+(. !b-!b&("%b/"b-!-b%+'+,b)(,,,,Hb -b%+'+,b
,(+b('-'-b0!+b-!2b0"%%b))%2b"-Hb

b
 '$!$
-
(!$



%!"
"'$!$





b

/b%+'+,b"'b+&(-b%(-"(',b(+" "'-b'b+(+b('-'-b(+b
,(+b-"/"-",Hb
/b-!&Ib0!+b)+&"--Ib.,b&("%b/",b-(b)-.+b,)!,Ib,-(+",Ib%-.+,Ib
)+,'--"(',Ib&(',-+-"(',Ib0(+$%(0b)+(.+,Ib-,Ib'b0%$-!+(. !,b(b
).%"b,),Hb

"+-b%+'+,b-(b%(-"(',b'b/'-,b0!+b-!2b'b,(+b.,.%b('-'-Hb/b 


-!&b--'b.-"('%b/'-,Ib,.!b,b%-.+,Ib)+,'--"(',Ib&(',-+-"(',Ib)%2,Ib

%!"
"'$!$



'b",.,,"(',b&(' b1)+-,Hb"+-b-!&b('b-(.+,b(b&.,.&,Ib--%"%,Ib
%"++",Ib-(+",Ib+($b*.++",Ib+!(%( "%b" ,Ib!",-(+"b'" !(+!((,Ib'b
(-!+b.-"('%b,),Hb
(+b&(+b,)""b",b(+b
,(+b-"/"-",b"'b&("%b%+'"' Ib,b,-"(',b-"-%bW," 'b
Lb(+b&("%b%+'"' Xb-!+(. !(.-b!)-+b:Hb

HD5>4
?
13D9F9D95C
6?B
=?29<5
<51B>9>7

'b&("%b%+'"' Ib(b-"/"-",b'bb)+(+&b0"-!b+%_0(+%b(#-,Ib)()%Ib'b
,"-.-"(',Hb

,b-!b&("%b/"b-(b)+(/b+&(-b)+(+&'b-(b'b/%.-(+Hb.&"-bb
)!(-( +)!Ib/"(b%")Ib(+b."(b+(+"' b(b)!2,"%b)+(+&'b(+b/%.-"('Hb
+b$b'b'(.+ &'-b-(b&("%b%+'+,b2b/("Ib-1-Ib(+b(-!+b&"Hb

+(/"b"',-+.-"(',Ib#(_",Ib/"Ib'b$ +(.'b"'(+&-"('b(+b+%_0(+%b
&("%b-"/"-",Hb

'(.+ b%+'+,b-(b))%2b,$"%%,b"'b+%_0(+%b,"-.-"(',Ib(+b1&)%Ib-(b,)$bb
(+" 'b%' . b('b/-"('Hb

%)b%+'+,b"%%b"'b$'(0% b ),b-!-b)+/'-b%.'-b)+(+&'Hb(+b1&)%Ib
)+(/"b,,b-(bb(+" '_%' . b"-"('+2Ibb%",-b(b$2(+b,!(+-.-,Ib(+b
%.)+"'-,b(+bb(',-+.-"('b)+(#-Hb
(+b&(+b,)""b",b(+b(b-"/"-",b"'b&("%b%+'"' Ib,b,-"(',b-"-%bW," 'bLb
(+b&("%b%+'"' Xb-!+(. !(.-b!)-+b;Hb

HD5>4
?>>53D
13D9F9D95C
6?B
=?29<5
<51B>9>7

,b&("%_%+'"' b-!'"*.,b-(b(''-b%+'+,b0"-!b+%_0(+%b)()%Ib,"-.-"(',Ib
)+(%&,Ib(#-,Ib'b())(+-.'"-",b-(b))%2b%+'"' Hb+b+bb0b1&)%,b-(b -b
2(.b,-+-Jb

"+-b%+'+,b-(b'/"+('&'-,b'b)%,b0!+b-!2b'b&"--b).%%2Ib
('-&)%-b))%"-"(',b(b0!-b-!2b+b%+'"' Ib"'b+%/'-b1&)%,Ib'b
/%.-b-!b*.%"-2b'b+-"/"-2b(b0(+$Hb,bb'b(-!+b%(-"('_,b
-!'(%( ",b-(b-+" +b",)%2b(b+%-b"'(+&-"('Hb

b
 



%!"
"'$!$



'$!$
-
(!$


b

,b-!b%'+b.'-"('b-(b-+" +b(''-b-"/"-",Hb+"("%%2b!/b-!b%'+b
)+,'-bb+!-(+"%b*.,-"('Ib&3"' b-Ib*.,-"('b-(b',0+b2b+,+!Ib(+b+"%b-(b
',0+Hb

'%b%+'+,b-(b,$b*.,-"(',Ib,,b#(b",Ib'b('.-b+,+!b+(&b-!b
%(-"('b0!+b-!2b--&)-b-(b))%2b%+'"' Hbb

',.+b-!-b%%b(''-b-"/"-",b'bb)+(+&b-b'2b-"&Ib+ +%,,b(b-!b-"&b
3('b(b-!b%+'+Hb
(+b&(+b,)""b",b(+b(''-b-"/"-",b"'b&("%b%+'"' Ib,b,-"(',b-"-%b
W," 'bLb(+b&("%b%+'"' Xb-!+(. !(.-b!)-+b<Hb

$
"%)$
K

)E==1BI

("%b%+'"' b!,b-0(b&'"' ,JbO9Pb%--"' b&("%b%+'+,b)+-"")-b"'b('/'-"('%b
%,,+((&b'b_%+'"' b(.+,,b'bO:Pb!/"' b)()%b%+'b+(&b(#-,Ib)%,Ib'b
)()%b-!2b'(.'-+b(.-b"'b-!b0(+%Hb

("%b%+'"' b!,b(&)%%"' b/'- ,Jb()%b%+'b+(&b-!b0!(%b0(+%Ib-!2b

%+'b0!'b-!%b&(&'-,b(.+Ib-!2b%+'b0!+b-!2b0"%%b))%2b%+'"' Ib-!2b
'"-b+(&b1+",b'b/+"-2Ib'b-!2b!/b&'2b&(+b())(+-.'"-",b-(b%+'Hb

(+b "''"' bb&("%b%+'"' b'/(+Ib(',"+b0!-!+b-!b)(-'-"%b+0+,b

#.,-"2b-!b%"$%2b(,-,b"'/(%/Hb
'b2(.+b," ',Ib-$b"'-(b(.'-b-!b,"-.-"(',bb2b&("%b%+'+,Ib-!b
'/"+('&'-,b0!+b%+'"' b0"%%b(.+Ib'b-!b%"&"--"(',b(b%+'+,Vb/",Hb," 'b
(+b%+'+,b"'b'(",2Ib",-+-"' b'/"+('&'-,b0"-!b,%(0Ib"'-+&"--'-b'-0(+$b
(''-"(',Ib.,"' b/",b0"-!b,&%%b,+',b'b,&%%+b$2(+,Hb

?B
=?B5
K

("%b%+'"' b'b&("%b%+'"' b+bb'-.+%b(&"'-"('Hbb!)-+b@b(+b,(&b
",b('b&$"' b&("%b%+'"' b-"/"-",b&(+b,("%Hb
(+b,)""b",b('b%+'"' b-"/"-",b(+b&("%b%+'+,Ib,b-!bW," 'bLb(+b&("%b
%+'"' Xb,-"(',b-!+(. !(.-b!)-+,b:Ib;Ib'b<Hb

(+b&(+b('b," '"' b&("%b%+'"' Ib,+!b(+Jb"$!8!'##8(#b'b#()'*)$#!8

(#8$8"$!8!'##b(+b,"&"%+b)!+,,Hb(+b"'(+&-"('b('bb)+-".%+b&("%b/"Ib
,+!b"-!+b)*'(b(+b%!)(b'b-!b'&b(b-!b/"bb
b

b
 E-Learning by Design, 2nd Edition
by William Horton

b
Copyright © 2012 John Wiley and Sons, Inc.

5C97>
6?B

D85
F9BDE1<

3<1CCB??=

," '"' b'b%"/+"' b
b

"',-+.-(+_%b0"'+,b
'b(.+,,b

"+-.%b%,,+((&,b+"' b-!b&"/%b%,,+((&b"'-(b-!b:9,-b'-.+2Hb"+-.%b%,,+((&,b
.,b(%%(+-"('b-((%,b-(b+_+-b-!b,-+.-.+b'b%+'"' b1)+"',b(bb)!2,"%b
%,,+((&Hb!'b0%%b," 'Ib-!2b)+,+/b-!b(++%2b,-+.-.+b'b+"!b"'-+-"('b
(b-!b%,,+((&b0!"%b+&(/"' b-!b+*."+&'-b(+b/+2('b-(bb"'b-!b,&b%(-"('Hb

"+-.%_%,,+((&b)+( +&,b'bb,b,"&)%b,b('_,!(-Ibb!(b"'+,b(+b,b(&)%1b
,b(+&%Ib,&,-+_%(' b&"b(.+,,Hb 'b"-!+b,Ibb-!+b%,bb%,,b(b
%+'+,b-!+(. !b'b1)%""-b,2%%.,b(b&-+"%b('bb)+-+&"'b,!.%Hb!"%b
-!,b)+( +&,b&2b"'%.b&'2b(b-!b-"/"-",b"'b!)-+,b:Ib;Ib'b<Ib/"+-.%b
%,,+((&,b%,(b)+(/"b'0b)(,,""%"-",b'b+*."+b"-"('%b," 'b'b&' &'-Hbb
"+-.%b%,,+((&,b+bb,)"%b))%"-"('b(b,("%b%+'"' Hb b2(.b!/b'(-b('b,(b
%+2Ib,'b!)-+b@b(+b"/"' b"'-(b-!",b!)-+Hb(.b0"%%b'b-(b++b-(b-!-b
!)-+b(+b,(&b,)-,b(b,("%b%+'"' b-!-b+b'(-b.'"*.b-(b-!b/"+-.%b%,,+((&Ib
,)"%%2b",.,,"('_(+.&b-"/"-",Hb!",b!)-+b(,b+)-b'b+,--b,(&b(b-!b
"'(+&-"('b+(&b-!-b!)-+b,(b2(.b('V-b!/b-(b('-"'.%%2b%")b$b'b(+-!Hb

H
H
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

(*

,(*+"
"))(%%#

!2b,!(.%b2(.b.,bb/"+-.%b%,,+((&b"'b2(.+b_%+'"' b)%',Mb
'b!(0b(b('%"'b
)+,'--"(',b'b&-"' ,b)%2b"'-(b-!b/"+-.%b%,,+((&b(.+,Mb -V,b,Hb

-8I
3B51D5
1
F9BDE1<
3<1CCB??=

!2b," 'b_%+'"' b,bb/"+-.%b%,,+((&Mb"+-.%_%,,+((&b)+( +&,bO/'-,Ib
-"/"-",Ib'b'-"+b(.+,,Pb+*."+bb-!+b0!(b'b%b%+'+,b-!+(. !b-!b,.#-b
'b%+'+,b0!(b'b--'b('%"'b&-"' ,Hb b2(.b'b&-b-!",b+*."+&'-Ib/"+-.%_
%,,+((&b)+( +&,b(+b,/+%b,-+(' b'"-,b(/+b,-'%('b_%+'"' b(+b%+'+_%b
,("%b%+'"' Hbb
"H.",H(H*.H&,(#(!H.)H&,(,-Hb!b-!+b'b"+-%2b&('"-(+b/+2-!"' b
("' b('b"'b-!b%,,+((&Hb!b-!+b'b',0+b*.,-"(',b'b+,,b('+',b
"&&"-%2Hb!b-!+b'b#.,-b('-'-b'b)+,'--"('b"&&"-%2b"'b+,)(',b-(b
,.-%b$b+(&b%+'+,Hb
"H0#,./&H&--,))'H*,)0#-H."H)''/(#.3H(H#-#*&#(H-)'H&,(,-H(Hb
"' b)+-b(bb/","%b +(.)b&+$b('bb(&&('b'/(+b))%,b-(bb,',b(b
(&&.'"-2b'b-+"%",&Hb!b+*."+&'-b-(b,!(0b.)b-bb,)""b%(-"('b('bb"'"-b
,!.%b'(+,bb",")%"'b('b%+'+,Hb"+-b('--b0"-!b-!b-!+b%(' b0"-!b)+b
)+,,.+b!%)b$)b%+'+,b('b,!.%Hb

&--,))'H&,(#(!H#-H '#&#,H(H*,)0(Hb +'+,b+b&"%"+b0"-!b-!b)+(.+,Ib

+!2-!&,Ib'b)+,'--"('b&-!(,b.,b"'b-!b%,,+((&Hb%,,+((&b(.+,,b!/b'b
-!b,-'+b"'b.-"('b(+b=88b2+,b(+b&(+Hb

,(#(!H#-H &2#&H(H.#0Hb!b%,,b'b(&"'b%-.+Ib*.,-"('b'b',0+Ib
"'"/".%b'b-&b-"/"-",Ib+"' Ib'b-,-"' Hb +'+,b'b0(+$b"+-%2b0"-!b
%%(0b%+'+,b'b "'b+(&b&'"' .%b('/+,-"(',b0"-!b-!&Hb

-81D
1B5
-529>1BC
1>4
F9BDE1<3<1CCB??=
3?EBC5C

"+-.%_%,,+((&b)+( +&,b(&b"'b-0(b&"'b-2),Jb"'+,b'b(.+,,Hb

#(,-b+b"'"/".%b('%"'b&-"' ,Hb!2b-2)"%%2b'-+b('bb)+,'--"('b'b
"'%.b())(+-.'"-",b(+b%+'+,b-(b,$b*.,-"(',Hb!2b&2b%,(b"'/(%/b"'"/".%b'b
+(.)b-"/"-",b.+"' b-!b&-"' Hb"'+,b-'b-(bb"'(+&%b"'b-('b'b%" !-%2b
,-+.-.+Hb+-"")'-,b+b,%(&b +b+" (+(.,%2Hb!"'$b(b-!&b,bW/"+-.%b
('+'b+((&Xb&-"' ,Hbb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
#,./&G&--,))'H)/,--b+b(&)%-b)+( +&,b(b%+'"' Hb!2b(',",-b(b,*.',b
(b,2'!+('(.,b'b,2'!+('(.,b/'-,Hb
&(' b-!b,2'!+('(.,b/'-,b+b('%"'b
&-"' ,Ib0!"!b&2b"'%.b('%"'b)+,'--"(',IbG
b,,,"(',Ib'b(-!b"'"/".%b
'b +(.)b-"/"-",Hb!b,2'!+('(.,b/'-,b&2b"'%.b",.,,"(',b'b"'"/".%b(+b
+(.)b-"/"-",b-0'b&-"' ,Hb"+-.%_%,,+((&b(.+,,b-2)"%%2b!/b-!b(+&%b


,-+.-.+b'b+" (+(.,b +"' b(b-!"+b)!2,"%b(.'-+)+-,Hb

(!$
%'
) 
+!')*"
"(('%%#

b(.+,Ib-!,b-0(b"'"-"(',b+b+%%2b',b(bb,)-+.&b+' "' b+(&bb!,-"%2b
%%b('%"'b&-"' b"'-'b-(b%b0"-!bb&(&'-+2b+",",b-(bb-"%b'b%' -!2b
)+( +&b(b,-.2b-(b(/+bb%+ b,.#-Hb
-V,b+)b-!b"+',b-0'b-!b-0(b&"'b(+&,b(b/"+-.%_%,,+((&b)+( +&,Jb

",.,#-.#H #(,-H )/,--H

-"' ,b 'Hb /+%bO(+b'('PHb

#-"/,b 'b(+b#.,-bb0Hb (&)%-b!"++!2b(b+%-b

(#-"/,Hb

-"' b('-"',b +,'--"('b'bG
Hb +,'--"('IbG
Ib'b

2b"'%.b"'"/".%b "'"/".%b'b +(.)b
'b +(.)b-"/"-",b2b -"/"-",b2b%+'+,Hb
%+'+,Hb

.-,"_-!_&-"' b ('Hb '"/".%Ib +(.)Ib'b

-"/"-",b ",.,,"('b-"/"-",Hbb

('b '(+&%Hb (+&%Hb

,,,,&'-b(b ('Hb " (+(.,Ib,b('b0(+$b

%+'+,b ('Hb

"&b,)'Hb ;8b-(bA8b&"'.-,Hb >b-(b9@b0$,Hb

b

!"'$b(b/"+-.%_%,,+((&b(.+,,b,bb,+",b(b"'+,Ib!b0"-!bW!(&0(+$Xb
(',",-"' b(bb&"1-.+b(b",.,,"(',b'b"'"/".%b'b +(.)b-"/"-",Hb

53945
G85D85B
I?E
>554
1
<9F5
=55D9>7

(.b'bb ((b+,('b-(b+*."+b)()%b-(b0(+$b-( -!+Hb(.b'b'b/'b--+b
+,('b-(b+*."+b-!&b%%b-(b%( b"'b-b-!b,&b-"&Hb!(.%b2(.b('.-b'b('%"'b
&-"' Mb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

 H)b
H-b
!"' b1)%""-b$'(0% Hb !"' b.',-+.-.+Ib"&)%""-b
('-'-b+*."+,b-"%b,-.2Hb $'(0% Hb

+'+,b%$b%' . b,$"%%,Hb +'+,b!/b&'2b*.,-"(',Hb

+'+,b!/b.')+"-%b ,(%-b%+'+,b)++b%+'"' b
,!.%,Hb 0"-!b(-!+,Hb
(b-"&b-(b/%()b,-'%('b
&-+"%,Hb

3"',,b('b-!b)+-b(b-!b," '+b",b'(-bb ((b+,('b(+bb&-"' Hbb-(b,2Ib&'2b

('%"'b&-"' ,b(.+b.,b-!b-!+b%$b-!b,$"%%,b(+b,%_",")%"'b',,+2b-(b
+-b&-+"%,b(+b%+'+,b-(b(',.&b('b-!"+b(0'Hb b"'(+&-"('b",b,"&)%Ib)(,-b"-b"'bb
0%%_," 'bb) Hb b2(.+b&-+"%b',bb%"--%b"'-+-"/"-2Ib-!b(&).-+b'b
)+(/"b-!-b"'-+-"/"-2Hb*."+bb ((b+,('b(+b'b('%"'b&-"' Hbb

)"*
$
+)
%""%(*%$
*%%")

(&).-+b'b'-0(+$b-!'(%( ",b)+(/"bb0"b+' b(b(%%(+-"('b-((%,b(+b
)+,('_-(_)+,('b"'-+-"('Hb!,b+' b+(&b,"&)%b_&"%b-(b(&)%-b('%"'_&-"' b
'/"+('&'-,Hbb

)5<53D
I?EB
3?<<12?B1D9?>
D??<C


(%%(+-"('b-((%,b&$b"-b)(,,"%b(+b",-'-b%+'+,b-(b(&&.'"-b+%2b'b-(b
0(+$b-( -!+b('b-,$,b(&&('b"'b-!b/"+-.%b%,,+((&Hb(.b0"%%b'b-(b(',"+b-!b
/+"(.,b-((%,b'b!(0b-(b.,b-!&b)+(.-"/%2Hb"+,-Ib2(.b&.,-b"b0!-b$"'b(b
)+,('_-(_)+,('b"'-+-"('b,-b.+-!+,b-!b(#-"/,b(b2(.+b)+(#-Hb!'Ib2(.b&.,-b
"&)%&'-b-!",b"'-+-"('b"'b-!b(+&b'b-!'(%( 2b))+()+"-b(+b2(.+b,"-.-"('Hb

?>C945B
1
F1B95DI
?6
D??<C

2b"'(+)(+-"' b+"!b(&&.'"-"('b'b(%%(+-"('b"'-(b(.+b_%+'"' Ib0b'b',.+b
-!-b%+'+,b'/+b%$b(+b-!-b!.&'b-(.!Ib0!"!b",b(-'b"-b,b-!b+,('b0!2b_
-(_b%,,+((&,b+b',,+2b(+b-!"' b/'b,$"%%,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
(%%(+-"('b-((%,b'b%"'$bb-!+b'b'b"'"/".%b%+'+Ib,b0%%b,b%"'$"' b +(.),b
(b%+'+,Hbb

(!$
%'
) 
+!')*"
"(('%%#

b

!b,"&)%,-b&!'",&b",b_&"%b-0'b-!b-!+b'b%+'+Hb-'b_&"%b&,, ,b
+b+(,-Ib-2)"%%2b+(&b-!b-!+b-(b''(.'bb!' b(+b'b/'-b-(b%%b%+'+,b
"'bb%,,Hb +'+,b'b%,(b)(,-b&,, ,b('bb%,,b",.,,"('b(+.&Ib,b'b-!b-!+Hb
-!+b%+'+,b'b-!'b+b'b+)%2b-(b-!,b&,, ,Hb

-"' b&!'",&,b)+(/"b+%_-"&b1!' ,b&(' b-!+,b'b%+'+,Hb!+,b

'b)+,'-b,%",Ib&.!b%"$b-!2b0(.%b"'bb)!2,"%b%,,+((&Hb+-"")'-,b'b.,b
!-bO-1-_('+'"' Pb-(b1!' b-1-b&,, ,a,(&-!"' b%"$b"',-'-b_&"%Hb!2b
'b.,b)(%%,b-(b/(-b('b",,.,b'b&$b!(",Hb!+(. !b0!"-(+b(+b))%"-"('_
,!+"' b-((%,Ib%+'+,b'b",.,,b'b0(+$b-( -!+b('b/",.%b,.#-,Hb +'+,b'b.,b
."(_('+'"' b&.!b,b-!2b0(.%bb-%)!('b('+'b%%Hb!(,b0"-!b,-b
'-0(+$,b'b.,b/"(_('+'"' b-(b,0)b/"(b"& ,b(b('b'(-!+Hb
'Ib0!+b
-!b +(.)b",b%+ Ib,&%%+b +(.),b(b%+'+,b'b&-b"'b/"+-.%b+$(.-b+((&,b-(b
",.,,b'b",,.b(+b0(+$b('b'b-"/"-2b(+b+#("'"' b-!b&"'b&-"' Hb

&93;
D??<C
D?
CE9D
<51B>5BC

(%%(+-"('b-((%,b+b-!'(%( 2Ib.-b!.&'b"' ,b()+-b-!&Hb!b&(,-b"&)(+-'-b
-(+,b"'b2(.+b!("b(b(%%(+-"('b-((%,b+b!.&'b-(+,Hb -b&b%",-bb0Hb

(!/!H &/(3Hb(&b(%%(+-"('b+*."+,b +-+b%' . b,$"%%,b-!'b(-!+,Hb'%,,b

%+'+,b+b%%b%.'-b"'bb%' . Ib+%_-"&b(%%(+-"('b&!'",&,b%"$b!-Ib."(_
('+'"' Ib'b/"(_('+'"' b&2b+.,-+-b-!(,b0!(b0(.%b)++b_&"%b(+b
",.,,"('b(+.&,Ib0!"!b%%(0b&(+b-"&b-(b(&)+!'bb&,, b'b-!'b(&)(,bb
+,)(',Hb

(.-Hb '-+'-b."(b*.%"-2b'b1+-b"".%-",b"'b.'+,-'"' b,)$+,b0"-!b
b",-"'-b'-Hb b-(($b)+-b"'b('b"'-+'-"('%b."(_('+'b('.-b"'b' %",!b"'b

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
0!"!b-!b0,b(.%b'(-b.'+,-'b-!b$",-'",Ib0!(b(.%b'(-b.'+,-'b-!b
1'Ib0!(b(.%b.'+,-'b/+2(2b1)-b-!b+"-",!Ib0!(b-!(. !-b%%b-!b

&+"',b,(.'b%"$bWb(%%20((b&(/"b!+-+,HXb b'-,b+bb('+'Ib)(,-b
)+,'--"('Ib-+',+")-,Ib'bG
b,,,"(',b-(bb",.,,"('b(+.&Hb

3*#(!H-%#&&Hb!-b",bb,)('-'(.,b&".&a(+b,-b-2)",-,Hb'(+-.'-%2Ib&'2b
%+'+,b+b'(-b)+(""'-b-2)",-,Hb(&b'bb&++,,b2b-!"+b%$b(b-2)"' b,$"%%b(+b
%-b!"'b2b,-+b-2)",-,Hb b,)('-'"-2b",b'(-b'b(#-"/Ib&(/b(&&'-,b'b
",.,,"('b-(b_&"%b(+bb",.,,"('b(+.&Hb+b(',"+b.,"' b."(_('+'"' b(+b,-_
&(/"' b",.,,"(',Hb
"(#&H2*,.#-Hb(&b%+'+,b!/b'b!--"' Ib-1-"' Ib'b,("%b'-0(+$"' b(+b
2+,Hb-!+,b+b,-"%%b-+2"' b-(b&,-+b-!b(.%_%"$Hb(.b'b-(b(',"+b!(0b
(&(+-%b%+'+,b+b0"-!b(&).-+b'b'-0(+$b-!'(%( ",Hb(0b&.!b&.,-b
%+'+,b1-'b-!&,%/,b-(b&,-+b(%%(+-"('b-((%,Mb b%+'+,b%+2b$'(0b!(0b-(b
.,bb0!"-(+Ib-!'b))%"-"('b,!+"' b",b'(-b&.!b(bb,-+-!Hb b-!2b!/b#.,-b
%+'b-(b.,b_&"%Ib1)-"' b-!&b-(b&,-+b!-Ib0!"-(+Ib'b/"(_('+'"' b
",b)+(%2b-((b&.!Hb

%,(b(',"+b0!-b-!'"%b,.))(+-b2(.b'b(+Hb b%+'+,b&.,-b&,-+b(%%(+-"('b
-((%,b('b-!"+b(0'Ib-!2b&2b(&b",(.+ Hb b2(.bO(+b-!b-((%V,b/'(+Pb)+(/"b
-.-(+"%,b'b)!('b,.))(+-Ib-!b-,$b",b%,,b.'-"' Hbb

>12<5
9>D5B@5BC?>1<
3?==E>931D9?>

(',"+b-!b'-.+b(b-!b"'-+)+,('%b(&&.'"-"('b'Hb"+'-b +,b(b
(&&.'"-"('b+*."+b"+'-b&"Hb(',"+b0!-b2(.b'b-(b(&&.'"-b2(.+b
&,, Hbb

b
b'b1!' b(b0+"--'b0(+,b",b,.""'-Ib2(.b'b -b2b0"-!b!-Ib",.,,"('b(+.&Ib
(+b#.,-b_&"%Hb'b-!b(-!+b!'Ib"b2(.+b&,, b"'/(%/,b,.-%b&(-"('%b.,b,.!b,b
,-.+,Ib"%b1)+,,"(',Ib'b-('b(b/("Ib2(.b&2b+*."+b/"(_('+'"' Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
)<945
C8?GC

!-Ib)(%%"' Ib0!"-(+b-"/"-",Ib))%"-"('b,!+"' Ib."(_('+'"' Ib'b/"(_
('+'"' b+b(/+b"'b!)-+b@b('b,("%b%+'"' Hbb%"b,!(0,b'b+$(.-b
+((&,b+b(/+b"'b-!",b!)-+b.,b-!2b+b&(,-b(-'b.,b,b)+-,b(b('%"'b


&-"' ,Hb

(!$
%'
) 
+!')*"
"(('%%#

'%"'b,%"b,!(0,b)+,'-b,%",b-(bb",-'-b."'Hb ',-b(b0-!"' b-!b,%"b('bb
,+'b-b-!b+('-b(b-!b+((&Ib%+'+,b0-!b"-b('b-!"+b(&).-+b(+b&("%b/"Hb

+b0b,bb,%"b"' b
"/'b2bb)+,'-+Hb
+'+,b,b-!b,%"b'b
!+b-!b)+,'-+b,)$"' b
(.-b-!b,%"Hb
b
b
b
b
b
b
b
b
b
b
!b(0+("'-b,%"b",b",)%2b"'b

(b(''-Hb
b
!b,%"b,!(0b-.+b",b&(' b-!b,"&)%,-b(%%(+-"('b&!'",&,b-(b.,Hb!b
)+,'-+b+-,b,%",Ib-2)"%%2b"'b "+(,(-b(0+("'-Hb!b)+,'-+b&2bb
+)!",b'b'"&-"(',Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
!b)+,'-+b-!'b.)%(,b-!b,%",b-(b-!b('%"'_&-"' b-((%Hb'b-!b,%",b+b
.)%(Ib-!b)+,'-+b('.-,bb)+,'--"('Ib-!-b%+'+,b,b'b!+b,b"b"'b-!b
,&b+((&b,b-!b)+,'-+Hbb
!b)+,'-+b'bb-!b-!+Ib'b1)+-Ibb .,-b,)$+Ib(+bb%+'+Hb

-85>
D?
EC5
C<945
C8?GC

,b('%"'b,%"b,!(0,b(+Jb

('-'-b-!-b",b!' "' b+" !-b.)b-(b-!b%,-b&"'.-Hb!b-!+b'b.,-(&"3b-!b
)+,'--"('b,b('b%+'+,Vb+,)(',,b-(b)+/"(.,b-"/"-",Hb

""'-%2b)+,'-"' b"'(+&-"('b('b,)-"%Ib%( "%Ib'b&-!&-"%b,.#-,Hb

!(0"' b/",.%b1&)%,Ib,.!b,b)!(-( +)!,Ib,$-!,Ib(+b" +&,Hb

+(/'b)+,'--"(',b0"-!b)%b)+,'-+,b-(b "/b-!&Hb

/+/"0,b(bb,.#-b+b(+b)+/"0,b(bb(%%(+-"/b-"/"-2Hb

+""' b%+'+,b0!(b!/b'(-b2-b%+'b-(b.,b(-!+b(%%(+-"('b-((%,b(+b+b'(-b
+2b-(b(%%(+-Hb
'%,,b2(.b!/b ((b+,(',b-(b.,bb%"/b)+,'--"('Ib+(+b-!b)+,'--"('b'b%-b
%+'+,b-$b"-b-b-!"+b('/'"'Hb

5CD
@B13D935C
6?B
EC9>7
C<945
C8?GC

b.,"' b,%"b,!(0,b,b)+-b(b2(.+b('%"'b&-"' ,Jb

*H-&#-H-#'*&H(H0#-/&Hb b)(,,"%Ib"'%.b&'"' .%b'"&-"('Hb(b'(-b#.,-b
"%%b,%",b0"-!b-1-b'b.%%-b%",-,Hb

*H.2.H&!#&Hb $b,.+bb%+'+b0"-!b%,,b-!'b)+-b/","('b'b+b%%b-1-b
/'b0!'b%'"' b$b0"-!b-b)+())b.)b('b-!b,$Hb

(&/H-)'H#(.,.#0#.3Ib,.!b,bb)(%%b(+b0!"-(+b-"/"-2Ib/+2b;b-(b=b,%",Hb

-H."H1"#.),H ./,b-(b0+"-b'b+0b('b,%",Hb"%%b"'b%'$,Hb!$b(b
',0+,Hb(&)%-b+0"' ,Hb

%H-)'H"(!H.)HH-&#H0,3H76H-)(-H),H-))(,Hb+" +b'b'"&-"('Hb
bb
'0b%&'-b-(bb+0"' Hbb

-.H3)/,H-&#-H ),"(Hb(.+b,%",b&2b%(($b(+b!/b"+'-%2b)'"' b('b
-!b-((%b2(.b+b.,"' Hb

),H."H*,-(..#)(b"-!+b"'b-!b('%"'b&-"' b-((%b(+b'(-!+b-((%Hb $b-!b
+(+"' b/"%%b-(b-!(,b0!(b''(-b--'b-!b%"/b)+,'--"('b(+b0!(b0'-b-(b
,b-!b)+,'--"('b.-b'(-b--'b-!b(.+,Hbb
*#&H.#*Jb b2(.b+)-%2b "/b-!b,&b)+,'--"('Ib0"-b'b+(+b-!b-!"+b
)+,'--"('b(+b&$"' b"-b/"%%b-(b%+'+,Hb!2b-!b-!"+b('Mb -b,!(.%bb
,&((-!b2b-!'Ib.-b,-"%%b+,!Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
B51;?ED
B??=C

+$(.-b+((&,b%-b,&%%b +(.),b(b%+'+,b('.-b-!"+b(0'b&-"' ,b0"-!"'b-!b&"'b
&-"' Hb!2b+bb-.+b(b,(&b('%"'b&-"' b-((%,Hb+$(.-b+((&,b&2bb
"',-" -b2b-!b-!+b(+b2b%+'+,Hb

(!$
%'
) 
+!')*"
"(('%%#

b
'b,-.'-b%,b!b&-"' Hb!b-!+b&2b+()b"'b('b-!b"'"/".%b&-"' ,Hb

-+bb0!"%Ib-!b-!+b',b-!b,&%%+b&-"' ,b'b+,.&,b-!b(+" "'%b&-"' Hb

-85>
D?
EC5
2B51;?ED
B??=C

,b+$(.-b+((&,b(+b,&%%_ +(.)b0(+$Hb+$(.-b+((&,b+b,)"%%2b ((b0!'b-!b
,"3b(b-!b(/+%%b&-"' b",b"'!""-"' b,(&b%+'+,b'b0!'b-"/"-",b'"-b+(&bb
&(+b"'-"&-b,%Hb!2b+b%,(b ((b(+b(&)(.'b-"/"-",b0!'b)+-b(b-!b-"/"-2b
",b('b"'bb%+ b +(.)b'b)+-b"'bb,&%%b +(.)Hbb
,b+$(.-b+((&,b(+Jb

&0(+$b'b,&%%_ +(.)b)+(#-,Hb

(&)-"-"/b)+(%&b,(%/"' Hb!b +(.)b-+",b-(b,(%/bb)+(%&b*."$+b(+b--+b
-!'b(-!+b +(.),Hb

&%%_ +(.)b+"',-(+&"' Hb

&b," 'b(b(&)(''-,b(bb,2,-&Hb


'%23"' b,"-.-"(',b+(&b"+'-b)+,)-"/,Hb

+)+-"('b(+b-,b-0'b)+(b'b('b +(.),Hb


%-+'-"/b,'+"(b+,(%.-"(',b0!+b-!b-!+b)+,'-,bb '+%b,'+"(b%%"' b
(+bb","('Hb!b+$(.-b+((&b",b+b-(b(&b.)b0"-!bb"+'-b,(%.-"('Hb
(b'(-b.,b+$(.-b+((&,b"'b('_-"&b&-"' ,b(+b,!(+-b(.+,,Hb,b-!&b-!+(. !(.-bb
%(' +b(.+,b0!'b%+'+,b!/b-"&b-(b&,-+b-!b()+-"('b'b('/'-"(',b(b
+$(.-b+((&,Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
5CD
@B13D935C
6?B
2B51;?ED
B??=C

+$(.-b+((&,b+b+%-"/%2b'0b"'b('%"'b&-"' ,Hb b2(.b.,b-!&Ib&$b,.+b-!b
1)+"'b",bb)(,"-"/b('b(+b%+'+,Hb

)"2b-!b (%b'b-"&b/"%%b(+b-!b+$(.-b-"/"-2Hb"/b%+'+,bb%+b
,," '&'-Hb(-bW",.,,b-!b",,.,IXb.-bW. ,-b;b"&)+(/&'-,HXb

%'b0!-b%+'+,b0"%%b(b(+Ib.+"' Ib'b-+b-!b+$(.-b-"/"-2Hb(+b1&)%Ib
,-+-b2b"'-+(."' bb)+(%&b-(b-!b%,,b,bb0!(%b'b"/""' b"-b"'-(b,._
)+(%&,Hb!'Ib"'b+$(.-b+((&,b!/b!b-&b"'bb,(%.-"('b-(b('b(b-!b,._
)+(%&,Hb"'%%2Ib+*."+b-!b0!(%b%,,b-(b(',(%"-b"'"/".%b +(.)b0(+$Hb


,," 'b-!+b-(b,/'b%+'+,b-(bb+$(.-b+((&Hb


))("'-bb+((&b%+Hb+"'b-!b+((&b%+b(+!'Hb!b-!b%+b!(0b-(b
,.&&('b!%)Hb

',.+b-!-b-!b-!+b/","-,b+$(.-b+((&,b(-'Ib,)"%%2b.+"' b-!b"+,-b0b
+$(.-b,,,"(',Hb

-+&%"'b-!b)+(,,b(b&(/"' b"'-(b'b(.-b(b-!b+((&Hb+'b%+'+,b(+b
&(/"' b-!&b"'-(b(+b(.-b(b-!b+$(.-b+((&Hb

%$+*
%$"$
#*$)

'%"'b&-"' ,b+b%"/Ib+%_-"&b,,,"(',b-!-b.,b,(&b(&"'-"('b(b!-Ib/"+-.%b
)(%%,Ib0!"-(+,Ib))%"-"('b,!+"' Ib'b."(_b'b/"(_('+'"' Hb'%"'b
&-"' ,b+b(&)%1b'/(+,b-!-b+*."+b)"',-$"' b)+)+-"('Ib&' &'-Ib'b
(%%(0_.)Hb

&<1>
D85
=55D9>7

!-!+b)+-b(b'b(' ("' b/"+-.%_%,,+((&b(.+,b(+bb('_-"&b"'+Ib('%"'b
&-"' ,b+*."+b+.%b)%''"' Hbb

53945
B?<5C

(+b'2b('%"'b&-"' Ib,)%%b(.-b-!b+(%,b(b-!b-!+Ib%+'+,Ib .,-,Ib'b(-!+,Hb
(+b!b)!,b(b-!b-"/"-2Ib"b0!(b0"%%b%Ib0!(b0"%%b,)$Ib'b0!(b0"%%b%",-'Hb

%,(b"b0!(b0"%%b,.&&+"3b'b/%.-b-!b/'-Hbb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
    +b",bb,"&)%b)%'b
    
   
(+bb('_!(.+b .,-b
   

 %-.+Hb!(. !b

!" #"
" #!
"

,"&)%Ib-!",b)%'b
#!"
! 
 !"! !"!
,)%%,b(.-b-!b&"'b



   


+,)(',""%"-",b'b

(!$
%'
) 
+!')*"
"(('%%#


#!"
!
 !"!

 
" 
!"!  !"!   

+(%,b(b)+-"")'-,b
  

 


" !

"

 !
.+"' b!b)!,b(b

!" #"
 "!
!

  !
!

"
#!"

" !
"

!#
-!b/'-Hb -b(+&,b-!b

#!
"

!
!% !
#!"!  "! !! !% ! !" #"
,",b(+b&(+b

"





#!"
!
!

 !"  -"%b)%',Hb
"
 !""

!% !

"
#!"! # &!

  




!" #"
$%!
"

$"
"!
!#!!!


!#!"!
 $"!
$#"!
b

b-!b/'-b",b(&)%1b(+b"'/(%/,b-" !-b"'-+-"('Ib2(.b&2b0'-b-(b)+)+b'b
",-+".-b'b 'b(+b,+")-b-"%"' b-!b1-b,*.'b(b/'-,Hb

)3854E<5
D85
=55D9>7

!b"%b('%"'b&-"' b0(.%bbb>8_b-(bA8_&"'.-b&-"' b!%b,(&-"&b-0'bAb

b'b9b b('b.,2Hb V/b'/+b'b%b-(b,!.%bb&-"' b-!-b0,b"%b(+b
/+2('b"'/(%/Hb(Ib+b('Hb

&93;
D85
25CD
41I
?6
D85
G55;

(,-b1)+"'b)+-"")'-,b(b('%"'b&-"' ,b%b.,2b",b-!b,-b2b-(b,!.%b
'b('%"'b/'-Hb/+2(2b",b,-"%%b+,!Hb ('2b!,b'b.,b-(b-$b+b(b,-+-_(_
0$b&+ '",Hb
/("b0$',b'b+"2b-+'(('a)(-'-"%b--',b+b
",'  b+(&b0(+$_+%-b-"/"-",HbO(-Jb b-!b0(+$0$b(+b2(.+b%+'+,b",b'(-b
('2b-!+(. !b+"2Ib#.,-,b-!,b+(&&'-"(',Ib(+b1&)%b,.,-"-.-"' b-!b
"+,-b0(+$2b(b-!b0$b0!+b b0+(-b ('2HPb

&93;
D85
25CD
D9=5
?6
41I

-+-b-!b&-"' b-bAJ88b
b(+b%-+Hb()%b+b-b0(+$Ib!/b!$b)!('b&,, ,b
'b_&"%,Ib'b(',.&b-!b+*.","-b'.&+b(b"'-b/+ ,Hbb

+2b-(b'b-!b&-"' b(+b9J88b b,(b-!-b/+2(2b,-"%%b!,b-"&b-(b -b%.'!Hb
-+b

%.'!Ib%+'+,b&2bb-((b+(0,2b-(b)+-"")-b.%%2Hbb
2b%%b&',b/("b'(+&%b,%)b-"&bOAb b-(b@b
Pb"b-b%%b)(,,"%Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
)5D
D85
=55D9>7
<5>7D8


!b,!(+-,-b-"&b(+b'b('%"'b&-"' b",b.,.%%2b>8b&"'.-,Hb
'2-!"' b,!(+-+b'b%"--%b
(b/%.b -,b(&)%",!Hb&&+b-!-b"'-+(.-"(',b'b,-_.)b-$b-"&b(.-b(b-!-b
!(.+Hb
+2b-(b('%.b-!b&-"' b0"-!"'bA8b&"'.-,Hb (' +b-!'b-!-Ib)()%b" -b'b%(,b
(''-+-"('Hb (' +b&-"' ,b+b!+b(+b.,2b)()%b-(b"-b"'-(b-!"+b,!.%,Hb b2(.b
&.,-b&$b-!b&-"' b%(' +Ib-+2b-(b$)b"-b-(b'(b&(+b-!'b:b!(.+,b'b%%(0bb(.)%b
(b=_b-(b98_&"'.-b+$,Hb

4:ECD
6?B
D9=5J?>5
3?=@B5CC9?>

(',"+b0!+b2(.+b%+'+,b+Hb -b",b,%(&bb)+(%&b"b%+'+,b+b,)+b(/+bb0b
-"&b3(',Kb,2b+(,,b.+()Ib0"-!"'b
.,-+%"Ib(+b0"-!"'b-!b('-" .(.,b'"-b--,Hb
"-!"'b-!b('-" .(.,b'"-b--,Ib(+b1&)%Ib%+'+,b&2b,)'b(.+b-"&b3(',Hb
!-b&',b2(.b0(.%b'b-(b!(%b2(.+b&-"' b+(&b'(('b-(b9J;8b b,-+'b"&Ib
0!"!b0(.%bbAJ88b-(b98J;8b""b"&Hb
!-/+b2(.b(Ib-+2b-(b!(%b-!b&-"' b0!"%b/+2('b",b'(+&%%2b0$Hb
'b
(',"+b0!-!+b%+'+,b"'b&(+b",-'-b-"&b3(',b'b%( b"'b+(&b!(&Hb

&B5@1B5
<51B>5BC
6?B
D85
=55D9>7

%)b%+'+,b -b+2b(+b-!b&-"' a(+b-!b&-"' Hb(b'(-b0,-b&-"' b-"&b
('b-!"' ,b-!-b(.%bb('b(+b-!b&-"' Hbb

>6?B=
<51B>5BC
?6
D85
=55D9>7

+(/"b%+'+,b-!b"'(+&-"('b-!2b'b-(b)+-"")-b"'b-!b&-"' Hb!",b "/,b-!&b
"+b0+'"' b'b',.+,b-!2b!/b-"&b-(b)+)+b(+b-!b&-"' Hb!-b,!(.%b2(.b(b
(+b-!b&-"' Mb


/",b%+'+,b(b-!b (%,b'b(#-"/,b(b-!b&-"' Hb

('.-b'b."'b,.+/2b-(b"'-"2b0!(b0"%%b--'b'b0!-b-!2b'Hb

.%",!b-!b"( +)!2b(b-!b-!+b'b .,-b,)$+,Hb

%%b%+'+,b!(0b-(b,-b.)b-!"+b(&).-+,Hb

.%",!b,-'+,b(b!/"(+Hb

#1;5
@B5=55D9>7
1CC97>=5>DC

'b02b-(b&$b&-"' ,b&(+b)+(.-"/b",b-(b "/b%+'+,b'b,," '&'-b-(b(&)%-b
(+b-!b%"/b,,,"('Hb "'b-!b%"/b/'-b0"-!bb",.,,"('b(b-!b,," '&'-Hb0+b
%+'+,b0!(b(&)%-b-!b,," '&'-b'b+b0%%b)+)+b(+b-!b()'"' b",.,,"('Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
)5>4
B5<1D54
9>6?B=1D9?>
18514

b%+'+,b&.,-b++b-(b"'(+&-"('b.+"' b'b('%"'b&-"' Ib,'b-!-b"'(+&-"('b
!b(b-"&b,(b-!-b-!2b'b+/"0b-!b&-+"%b'b-!"'$b(b*.,-"(',b-(b,$b-!b
)+,'-+Hb!-b$"',b(b&-+"%,b,!(.%b2(.b,'Mb

'(.-,b,(b%+'+,b!/bb)%b-(b-$b'(-,Hb




)(+-,Ib0!"-b))+,Ib)(,"-"('b,--&'-,Ib'b(-!+b++'b(.&'-,Hb

(!$
%'
) 
+!')*"
"(('%%#


-"%b1&)%,b'b,b,-.",Hb

"( +)!",b(b-!b,)$+,Hb

-bb&"'"&.&Ib)+(/"b%+'+,b0"-!bb()2b(b-!b,%",b"'bb(+&-b-!-b%-,b-!&b
(&(+-%2b(%%(0b%(' b0"-!b-!b)+,'-+Hb!",b02b-!b)+,'-+V,b,%",b'b.,b
,&%%+b-1-b'b&(+b-"%b +)!",Hbb

>DB?4E35
@1BD939@1>DC

(b'(-b0,-b-"&b"'-+(."' b/+2('b.+"' b'b('%"'b&-"' Hb/b)+-"")'-,b
,'b(+b)(,-b"( +)!",b(+b#("'"' b-!b&-"' Hb '%.bb"( +)!2b(b'2b .,-b
,)$+b%(' b0"-!b-!b''(.'&'-b(b-!b%"/b/'-Hb!-b02b-!b-!+V,b
"'-+(.-"('b(b-!b .,-b,)$+b'bb+"Hb

&<1>
6?<<?GE@
13D9F9D95C

(b'(-b0,-b/%.%b&-"' b-"&b)+(+&"' b%(,"' b-"/"-",b-!-b(.%bb('b-+b
-!b&-"' Hb'b-!b&-"' b0"-!bb,-+(' Ib&&(+%b-"/"-2Hb
-+0+,Ib)+(+&b-!b
+(.-"'b(%%(0_.)b0(+$Ib,.!b,Jbb

-!+b%+'+,Vb$b0"-!b'b,2'!+('(.,b)(%%Hb

(,-b++'b&-+"%,b-(bb",.,,"('b(+.&b%(' b0"-!bb-+',+")-b(+b+(+"' b(b
-!b&-"' Hb

.%",!b+/",b!'(.-,Hb

#1;5
3?>D9>75>3I
@<1>C

!b,-b02b-(b)+/'-b)+(%&,b",b-(b'-"")-b-!&Hb+"',-(+&b-(b%",-b-!"' ,b-!-b
(.%b (b0+(' Hb%'b0!-b2(.b0"%%b(b"b'2b(b-!,b/'-,b(.+Hb+b+b,(&b'(-_
-((_+&(-b)(,,""%"-",Jb

 !b,)$+b!,b%+2' "-",Hb/bb$.)b,)$+b+2b-(b-$b(/+Hb


 !b,)$+V,b(&).-+b+,!,Hb0"-!b-(bb$.)b(&).-+Hb!"%b(++-"' b-!b


)+(%&b('.-b'b"&)+(&)-.bG
b,,,"('Hb0"-!b-(bb,('b()2b(b-!b
)+,'--"('b('b-!b&(+-(+V,b(&).-+Hbb
 $%+,b(+b'"-)"$+,b",+.)-b-!b&-"' Hb!b&(+-(+b'b.-_(b'b"'"/".%b


%+'+V,b,,b-(b,)""b&-"' b-((%,b(+b1)%bb",+.)-"/b%+'+b+(&b-!b
&-"' Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

 !('_('+'"' b(+b '-+'-b."(b"%,Hb0"-!b-(bb$.)b."(b!''%Hb'b

--',b('bb+$Hb+(/"b"',-+.-"(',b('b!(0b-(b+_#("'b-!b."(b)(+-"('b(b-!b
&-"' Hb

&13;
1
3?>F5BC1D9?>1<
69BCD194
;9D

(&-"&,b-!b,-b,)('-'(.,b(&&'-,b+b-!b(',b2(.b)+)+b!b(b-"&Hb
+)+b(&&'-,b(+b*.,-"(',b-!-b0"%%b,-+-b.,.%b('/+,-"(',b(+b+/"/b% "' b
(',Hb/b-!&b+2b"'b,b-!b('/+,-"('b,-%%,Hb+b+b,(&b('/+,-"('b
+,.,"--(+,Jb

!2b(b2(.b,2b,(Mb 
(,b-!b"b!/b'2b,"b-,Mb

!+b%,b&" !-b-!-b"b))%2Mb 
!-b%,Mb

(b2(.b!/b'2b(.-,Mb 
(0b&.!b0(.%b-!-b(,-Mb

!-b"bb0+b"+'-Mb 
!-b+b-!b)+-"%b))%"-"(',b(b-!",b"Mb

&B5@1B5
6?B
D85
=55D9>7

%''"' b-!b('%"'b&-"' b",b'(-b'(. !Hb(.b&.,-b,-"%%b)+)+b-(b('.-b-!b&-"' Hb
((b)%''"' b'b)+)+-"('b%&(,-b .+'-bb,.,,.%b%"/b&-"' Hb -b+-"'%2b
%(0+,b-!b'1"-2b'b%((b)+,,.+b(b-!b)+,'-+Hb1)-b-(b,)'b=b-(b98b!(.+,b
)+)+"' b(+b!b!(.+b(b-!b/'-Hbb

(5851BC5
3?=@<5D5<I


(.-b-!+b2,b(+b-!b&-"' Ib+!+,b-!b0!(%b)+,'--"('b'b%%b
(%%(+-"/b-"/"-",b0"-!bb+&(-b,,",-'-b0!(b)%2,b-!b+(%b(bb%+'+Hb(%b-!b
)+-"b,,,"('b-b-!b,&b-"&b(b2b,b-!b+%b&-"' Hb,-b(+b,)b'b+%""%"-2b
(b-!b'-0(+$b,b0%%b,b-!b"%"-2b(b-!b+&(-b,,",-'-b-(b)+-"")-b.%%2Hb $b,.+b
-!b-((%,b0(+$b+%"%2b'b-!-b-!b)+,'-+b",b('"'-b.,"' b-!&Hbb,.+b-(Jb

*&)H'.,#&-H ),H."H*,-(..#)(Hb
-b-!b'b(b-!b+!+,%Ib(b'(-b%-b-!,b
&-+"%,Hb (+b-!'b('Ib b!/b'b.'%b-(b%(b&-+"%,b('b-!b2b(b-!b-.%b
)+,'--"('Hb!b+!+,%b&-+"%,b,/b&Hb

,.#H-")1#(!H&&H'#Hb!-b&',b (b-!+(. !b%%b,%",Ib)(%%,Ibb,"-,Ib'b
))%"-"(',Hb+-"b"'-+-"' b0"-!b2(.+b,,",-'-Hb

%HH&#-.H) H."#(!-H.".H)/&H!)H1,)(!Hb+"-b-!&b(0'b('b"'1b+,b'b
,!.%b-!b$Hb/+2b"/b&"'.-,b.+"' b-!b+!+,%Ib+0bb+b'b)+-'b-!-b
-!b)+(%&b('b-!b+b#.,-b(.++Hb+-"b2(.+b+,)(',Hb

#'H."H,",-&Hb!b-.%b%,,b0"%%b-$b:8b-(b<8Bb%(' +b-!'b-!b+!+,%Hb
+'+,b"'-++.)-b-(b,$b*.,-"(',Hb "'(+b-!'"%b %"-!,b(.+b'b!/b-(bb%-b
0"-!b('b-!b,)(-Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b

H3)/H#-)0,H*,)&'-<H #2H."'H(H,*.H."H,",-&H!#(Hb b%"$b-(b,!.%b
&2b"+,-b+!+,%b-!+b2,b(+b-!b-.%b/'-Hb!-b02b b!/b-"&b-(b"1b
)+(%&,b'b('.-b'(-!+b+!+,%b(+b-0(Hb

><9CD
85<@



-b",b"".%-b(+bb%('b-!+b-(b++2b(.-b%%b-!b.-",b(b('.-"' bb/"+'-b('%"'b

(!$
%'
) 
+!')*"
"(('%%#

&-"' Hb-b!%)Hb

#,HH*,)/,Hb/b'b(_,+'b)+(.+b ."b%%b('_,+'b-"/"-",Hb!b
)+(.+b'b-"&b'b)b-!b/'-Hb,"' b!'b," '%,b(+b+)!(',Ib-!b)+(.+b
'b.b'b(!b-!b-!+Hb bb .,-b,)$+b('.-,b-!b,,,"('Ib-!b-!+b'b
,+/b,b-!b)+(.+Hb

#,HH-#%#%Hb/bb,('b('_"+b)+,('b-(b"'-+-b0"-!b-!b-!+Ib,$b-!b
-!+b*.,-"(',Ib'b-$b(/+b"b-!b)+"&+2b-!+b+.',b"'-(bb)+(%&Hb!"%b('b
)+,('b",b)+,'-"' Ib'(-!+b'bb',0+"' b*.,-"(',b"'b!-b(+b%("' b&-+"%b-(b
+,,b'b",,.b+",b+%"+b2b%+'+,Hb

)5D
E@
D85
G?B;CD1D9?>



++' b-!b)+,'-+V,b0(+$,--"('b-(b'(.+ bb%"/%2Ib)+(,,"('%b)+(+&'Hb+b
",b-!b,-.)b0b.,Jb

b
(3',b'b(3',b(b('%"'b)+,'--"(',b!/b-. !-b.,b,(&b/%.%b%,,(',Jb

,-(.H-.(#(!H/*Hb(.b'b+($b'b,02Hb(.+b!,-b -,bb.%%b(,b(b"+Hb(.+b
/("b,(.',b&(+b+,(''-Hb(.b'b ,-.+b.%%2Hb

,HH"-.H'#,)*")(Hb!-b$),b-!b&"+()!('b-bb(',-'-b)(,"-"('b+%-"/b
-(b2(.+b&(.-!Ib&"'"&"3"' b-!b''(2"' b/+"-"(',b"'b."(b%/%b-!-b$)b%+'+,b
#.,-"' b-!b/(%.&b('b-!"+b(&).-+,Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

/(H3)/,H*,-(..#)(H)(HH*)1, /&H)'*/.,b0"-!b%(-,b(b&&(+2b'bb%+ b
,+'Hb(.b(b'(-b0'-b-(b+",$b(/+%("' b2(.+b(&).-+Ib0!"!b",bb+%b+",$b"b2(.b
.,b))%"-"('b,!+"' b'b '-+'-b."(Hb

)(#.),H3)/,H*,-(..#)(H ,)'HH-)(,3H)'*/.,b,-b.)b-(b&"&"b-!b(&).-+b
'b(''-"('b1)+"'b2b%+'+,Hb"&b-"(',b'b-"%(+b(&&'-,b-(b-!b02b
-!b)+,'--"('b))+,b('b-!",b,('+2b(&).-+Hb

,H)' ),.&H&)."-Hb(+b&Ib(&(+-%b%(-!,b+b 2b,!(+-,b'bb
0""'b,!"+-Hb 2b)+-'+b",b&(,-b(&(+-%b0!'b+,,b-(b-!b'"',Hb!-/+b
&$,b-!b)+,'-+b(&(+-%b&$,b-!b)+,'--"('b--+Hb

-HH.&.H*)#(.,b"b+0"' b(+b0+"-"' b"'b0!"-(+b-"/"-",Hb!b"+'b"'b
% ""%"-2b'b0+"-"' b,)b#.,-"",b-!b1)',Hb

*H',!(3H-/**&#-H(,H.H"(Hb!,b"'%.b-",,.,Ibb %,,b(b0-+Ib'bb
)!('b,-b-(b,"%'-b&(b0"-!b-!b&-"' b-((%V,b-!b,.))(+-b'.&+b('b,)b"%Hb

(.-b!%b'b!(.+b(+b-!b&-"' Ib b,!.-b(0'b'b+,-+-b%%b-!b(&).-+,b'b
'-0(+$b*.")&'-b b0"%%bb.,"' Hb+!),b b&b#.,-b,.)+,-"-"(.,Hb

BB1>75
I?EB
C3B55>


(.-b9=b&"'.-,b(+b2(.b "'b-!b&-"' Ib++' b2(.+b,+'b-(b -b/+2-!"' b
0!+b2(.b'b"'b"-Hb(+b1&)%Jb

b
!-b(b2(.b'b-(b!/b+2b-b!'Mb

.#(!H-) .1,Hb-+-b-!b&-"' b,(-0+b+%2Hb-b%( b"'b'b,-b.)Hb!'b
,!+"'$b-!b0"'(0b(b-!b('+'"' b,(-0+b.'-"%b2(.b -b+2b-(b,-+-Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b

)&,H) H-"),./.-Hb+-b,!(+-.-,b-(b(.&'-,b2(.b0"%%b,!+Ib-(b,%",b2(.b0"%%b
,!(0Ib'b-(b'2-!"' b%,b2(.b&" !-b'b-(b++b-(b.+"' b-!b&-"' Hb(b('b
0'-,b-(b,b-!b-!+b+((-"' b-!+(. !b(%+,b%(($"' b(+bb"%b-(b,!(0Hbb,.+b-(b
"'%.bb,!(+-.-b-(b-!b-1-b"%b('-"'"' b%%b-!b-1-b2(.b&" !-b'b-(b),-Hb

)/(.)1(H.#',Hb b.,b'b('_,+'b-"&+b-(b(.'-b(0'b-!b-"&b+&"'"' b.'-"%b-!b


&-"' b,-+-,Hb!'b b+,-b-!b-"&+b-(b-!b-"&b+&"'"' b"'b-!b&-"' Hb

(!$
%'
) 
+!')*"
"(('%%#



**&#.#)(-H.)H-",Hb-+-b.)b%%b-!b))%"-"(',b'b()'b%%b-!b(.&'-,b2(.b
0"%%b,!+Hb b2(.+b(&).-+b(,b'(-b!/b'(. !b&&(+2b-(b+.'b-!-b&'2b
))%"-"(',b-b-!b,&b-"&Ib(',"+b'(-b.,"' b))%"-"('b,!+"' Hb
-b%,-b!/b
,!(+-.-,b-(b-!b"-&,b2(.b0"%%b,!+Hb

2.H.)H*-.Hb.-b%%b-!b-1-b2(.b&" !-b'b-(b'-+b"'-(bb)%"'b-1-b(.&'-Hb(+b
&(,-b(b.,b0"-!(.-b)+-b-2)"' b,$"%%,Ib"-b",b,"+b-(b()2b'b),-b-1-Hb '%.b-!b
 b(b-!b&-"' Ib(.'-b'b&-"' b ,Ib),,0(+,Ib'b''(.'&'-,b2(.b
0"%%b'b-(b&$b"'b!-Hb b%,(b"'%.b-!b)!('b'.&+,b-(b#("'b-!b)!('b
('+'b'b-(b+)(+-b-!'"%b)+(%&,Hb

)5D
E@
D85
=55D9>7
B??=

)'b-!b/"+-.%b&-"' b+((&b+%2Ib,)"%%2b"b)()%b'b-(b(0'%(b&-+"%,Ib
(-"'b)%2+,Ib(+b)!('b"'b,)+-%2Hb%b'b!(.+b",b'(-b-((b&.!Hb'b&"'.-,b",b'(-b
'+%2b'(. !Hb
b)(,,"%Ib,-b.)bb)+"/-b&-"' b(+b-!b)+,'-+b'b)+(.+b(+b-!b&"'b
&-"' b "',Hb!-b02b-!2b'b-%$b'b+!+,b0"-!(.-b-!b+,-b(b-!b)+-"")'-,b
'(-""' Hb

)@5396I
8?G
D?
@1CC
3?>DB?<

(+b!-Ib."(_('+'"' Ib/"(_('+'"' Ib0!"-(+Ib))%"-"('b,!+"' Ib'b
(-!+b&.%-"_)+-"")'-b-"/"-",Ib&$b,.+b%%b)+-"")'-,b$'(0b0!(b!,b('-+(%b'b
!(0b('-+(%b",b),,Hb-!+0",Ib+.,-+-"('b',b0"-!b!(,b-(bb-.'b)%2b2b
('.,"('Hb
-b&2b!%)b-(b"'b&(,b(b('-+(%Ib!b0"-!b%+b1)--"(',b'b)+(-((%,b(+b
),,"' b('-+(%Hb+b+b,(&b(&&('b&(,Jb

./,H')Hb!b-!+b%('b'b)+,'-Hb/+2('b%,b0-!,b'b%",-',Hb(b
('b'b"'-++.)-b-!b-!+Hb.,-"(',b'bb-2)b"'-(b!-Ib.-b-!b-!+b",b'(-b
1)-b-(b,-()b'b',0+b-!&b.'-"%bbG
b,,,"('Hb

:
H')Hb +'+,b,$b*.,-"(',b-!-bb)+,'-+b',0+,Hb +'+,b&2b-2)b-!"+b
*.,-"(',b"'-(b!-b(+b+",b-!"+b!',b-(b+*.,-b-!b&"+()!('Hbb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

),.H')Hb!b&(+-(+b%,bb",.,,"('Hb
%-!(. !b%%b%+'+,b!/bb
!'b-(b,)$Ib-!2b'b(b,(b('%2b-+b"' b+( '"3b2b-!b&(+-(+Hb +'+,b
'b&$b,--&'-,Ib+,)('b-(b+%"+b,--&'-,Ib,$b*.,-"(',Ib(+b',0+b
*.,-"(',Hb

>>?E>35
D85
=55D9>7


''(.'b-!b%"/b/'-b"'b)%'-2b(b-"&b(+b%+'+,b-(b)+)+b(+b"-b'b-(b"-b"-b"'-(b
-!"+b.,2b,!.%,Hb+(/"b%%b-!b"'(+&-"('b%+'+,b0"%%b'Hb

/,*)-Hb!-b1-%2b0"%%b%+'+,b -b(.-b(b--'"' b-!b/'-Mb

#'Hb!'b(,b-!b/'-b "'b'b!(0b%(' b(,b"-b%,-Mb&&+b-(b,)"2bb
-"&b3('b(+b.,bb(+b b-"&,Hb(0b+%2b,!(.%b%+'+,b%( b"'Mb'b(+b9=b
&"'.-,b,!(.%b -b/+2(2b+2b-(b (Hb

,)/,Hb(0b(b%+'+,b#("'b-!b&-"' Mb!-b",b-!b+,,b(b-!b/'-b'b
!(0b(b)+-"")'-,b'-+b-!b/'-MbO '%.bb!2)+%"'$b"'b-!b''(.'&'-HPb
+b
,)""b.,+b ,b'b),,0(+,b',,+2Mb b-!b&-"' b.,,bb,)+-b)!('b
(''-"('Ib0!-b",b-!b)!('b'.&+Mb $b,.+b2(.b)+(/"bb'.&+b-!-b0(+$,b
"'-+'-"('%%2Hb

+/#,Mb ,b--''b&'-(+2b(+b()-"('%Mb(0b&.!b(,b-!b/'-b(.'-b
-(0+bb"'%b +Mbb

,(#(!H*,*,.#)(Hb!-b&.,-b%+'+,b(b(+b-!b/'-Mb!-b&.,-b-!2b+Mb

+b-!+b(.+,b-()",b(+b)+_-,-,b-!2b,!(.%b(&)%-Mb

)'*/.,H-./*Hb(0b,!(.%b%+'+,b('" .+b-!"+b!+0+b'b,(-0+b(+b,-b
+,.%-,Mb .,-b%+'+,b(0'%(b'b"',-%%b'2b,)"%b,(-0+Mb
+b-!+b,&)%b
"%,b-!2b'b-(b*."+Mb

))&-H.)HH/-Hb"%%b-!b/'-b.,b!-Ib."(Ib/"(Ib))%"-"('b,!+"' Ib
0!"-(+Ib)(%%"' Ib(+b(-!+b-!'(%( ",Mb +'+,b,!(.%b%+'b-(b.,b-!,b
-!'(%( ",b(+b-!b/'-Ib'(-b.+"' b"-Hb


&.,(.#0Hb!-b,!(.%b%+'+,b(b"b-!'"%b"".%-",b)+/'-b-!&b+(&b
'-+"' b-!b&-"' b(+b(+b%,-_&"'.-b'%%-"('Mb!-b,!(.%b-!2b(b"b-!2b+b
'(-b/"%%b-b-!b,)""b-"&Mbb

)(..Hb!(&b,!(.%b%+'+,b('--b(+b&(+b"'(+&-"('Mb

#1>175
D85
<9F5
?><9>5
=55D9>7

-V,b,!(0b-"&Nb(.b!/b)+)+Hb(.b!/b+!+,Hb(.b+b+2b-(b (Hb

&3H)(H3)/,H*,)/,Hb/b,(&('b(-!+b-!'b-!b-!+Ib(+b&"'b)+,'-+Ib&' b
-!b%"/b/'-Hb
b)+(.+b'b&"'b-!b 'Ib%%b-"&b('b%(' _0"'b,)$+,Ib'b
!'%b&"'(+b&+ '",Hb
'b-"/b)+(.+b%%(0,b-!b)+,'-+b'b-!+b-(b
(''-+-b('b-!b',b(b%+'+,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
*H&,(,-H.#0Hb $b)+,'--"(',b2'&"Hb,b/",.%,b'b(-!+b&"b-(b(.,b
--'-"('b('b$2b(')-,Hb/+b(&bb-%$"' b!Hb+b0(+,Ib'b.-(&-"b
-2)0+"-+Hb1)%"'b'2b).,,b(/+b"/b,(',Hb

(.,.H ,+/(.&3Hb/+b)+,'-b(+b&(+b-!'b"/b&"'.-,b0"-!(.-b,(&b(+&b(b
"'-+-"('b0"-!b%+'+,Hb)'b<8b-(b>8Bb(b-!b-"&b"'-+-"' b0"-!b%+'+,Hb
',0+b



*.,-"(',b/+2b9=b(+b:8b&"'.-,Hb+b,--b-!-b2(.b0"%%b(b,(b-b-!b'Hb

(!$
%'
) 
+!')*"
"(('%%#

&&H)(H&,(,-H3H('Hb 'bb)!2,"%b%,,+((&Ib-!b-!+b'b%%b('b)()%b2b#.,-b
)("'-"' b-(b-!&b(+b#.,-b%(($"' b-!"+b02Hb 'b-!b('%"'b/'-Ib-!b-!+b&.,-b%%b('b
)()%b2b'&Hb!-b&',b-!b-!+b&.,-b!/bb%",-b(b-!b'&,b(b%%b)+-"")'-,Ib
'(-b#.,-b-!b,+'b'&,b(+b_&"%b+,,,b",)%2b2b-!b&-"' b-((%Hb

-%H'),H+/-.#)(-H."(H3)/H(-1,Hb b2(.b',0+bb*.,-"('b(+bb%+'+Ib
"&&"-%2b,$b-!b%+'+bb*.,-"('b-(b-,-b0!-!+b!b(+b,!b.'+,-((Hb%+b.)b'2b
&",.'+,-'"' ,b'b)("'-b%+'+,b-(b+,(.+,b-!2b'b.,b-(b',0+b-!"+b(0'b
*.,-"(',Hb
H-*)(.()/-Hb+")-b(.-b/+2b,,,"('Ib.-b%/b;8b-(b<8Bb(b-!b-"&b+b-(b',0+b
.''-"")-b*.,-"(',Ib (b"'-(b&(+b-"%b(.-b",,.,b-!-b)%2b"'-+,-b%+'+,Ib
'b"'-+#-b"'," !-,b-!-b(.+b-(b2(.b-b-!b&(&'-Hb

*HH%H"((&H)*(Hb 'b_-(_b&-"' ,Ib0b,'b-!b2b 3,Ib'("' b

!,Ib'b,&"%,b(b&-"' b)+-"")'-,Hb
'b0b%",-'b(+b/(%b.--+',b%"$bW.!_
!.!Xb'bW HXb 'b('%"'b&-"' ,Ib-!+,b&.,-b"'b,.,-"-.-,b-(b-,-b0!-!+b-!"+b
&,, b",b --"' b-!+(. !Hb )b()'b'b"'-+-"/b(&&.'"-"(',b!''%b,.!b,b
!-b,(b-!-b%+'+,b'b"'-++.)-b"b-!2b(b'(-b.'+,-'b,(&-!"' Hb(',"+b).,"' b
-+b!b,- b(bb)+,'--"('b-(b -b$HbObW$b!''%b(+b)+,'--"(',Xb"'b
!)-+b@b(+b&(+b('b," '"' bb$b!''%HPb

/,(H) H/(/-H'#Hb.+'b(b&"b2(.b+b'(-b.,"' b-b-!b&(&'-Hb b2(.b+b#.,-b

-%$"' Ib-.+'b(b-!b/"(b'b%/b-!b."(b('Hbb

#(.#(H)(.,)&H(H )/-Hb.+"' b('%"'b&-"' ,Ib%+'+,b&.,-b%%bbW('b-!b,&b

) HXb b*.,-"(',b(+b",.,,"('b+"-b-((b+Ib+_,-%",!b-!b,.#-b.'+b",.,,"('Hb
+&"'-b-"/"-",b-!-b('-"'.%%2b+"-b(b,.#-Kb.-Ib "/b%+'+,bb!'b-(b1)%(+b
-!b%"&"-,b'b+"' ,b(b",b(+b#+$"' b-!&b$b('b(.+,Hb

..(H.)H&&H&,(,-Hb"/b--'-"('b-(b%%b%+'+,Ib'(-b#.,-b-!(,b0!(b,-'b(.-Hb+-b
)+-"")'-,b,b-!2b'-+b-!b,,,"('Hb +'+,b0!(b!/b-!"+b&"+()!(',b-.+'b.)b
0"%%b,(.'b%(.+b-!'b(-!+,Hb!(,b0!(b,"-b%(,b-(b-!"+b/"(b&+,b0"%%b,&b%+ +Hb
+'b-(b" '(+b-!,b%,b.,b'b "/b*.%b--'-"('b-(b%%b%+'+,Hb,)('b-(bb
+",b!'b"'b;8b-(b>8b,(',Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
.3H),!(#4Hb.,b(+b,)$"' Hb%+b+",b!',b(+b)+("' Hb&&+b
-(b,/b)(%%,Ib&+$.),Ib'b!-Hb,b/"%%b-"&Ib,.!b,b0!"%b%+'+,b+b"%%"' b"'bb
)(%%b(+b-!"'$"' b(b',0+,b-(bb*.,-"('Ib-(b+%1b'b -!+b2(.+b-!(. !-,Hb.'b-!+(. !b
b&'-%b!$%",-b(b0!-b2(.b&2b0'-b-(b(b'1-Hb

3D9F1D5
=55D9>7C

(,-b('%"'b&-"' ,b+b,b.%%b,b-!b0(+,-b%,,+((&b&-"' ,Hb(b'(-b)-b-!-b,b
-!b'(+&Hb
-"/-b2(.+b_%+'"' b&-"' ,Hb

F?94
?>5G1I
<53DEB5C

(b'(-b('.-b('_02b%-.+,a(+b"b2(.b(Ib)++(+b-!&b'b%-b%+'+,b)%2b-!&b
-b-!"+b(0'b('/'"'Hbb!/b%%b!+b(b%+'+,b,'"' b-!"+b&(++,b-(b%,,Hb
+'+,b+(+b-!b%-.+,b,(b-!2b'b/"0b-!b)+,'--"('b-b-!"+b('/'"'b'b
,-_(+0+b-!+(. !b-!b.,%,,b)+-,Hb!+b",b'(b+,('b-(b+*."+b%+'+,b-(b!+b-(b
b,!.%b&+%2b-(b+"/b"'(+&-"('Hb
(/b%-.+,b'b,%(0b-"/"-",b(.-,"b-!b&-"' Hb -b%+'+,b%",-'b-(b+(+"' ,b(b
+%"+b+(+b&-"' ,Hb(+b)+,'--"(',Ib+(+b-!b)+,'--"('Hb-!+b-!'b)+(+&b
%' -!2b-"/"-",b.+"' b-!b&-"' Ib!/b%+'+,b)+(+&b-!b-"/"-2b(+b%,,b'b
.,b%,,b-"&b-(b",.,,b-!b+,.%-,Hb

*EB>
<53DEB5C
9>D?
G?B;C8?@C

('/+-b),,"/b)+,'--"(',b-(b-"/b%+'"' Hb!b('%2b+%b+*."+&'-b",b+-"/"-2Hb
+b+b#.,-bb0b02,b-(b-+',(+&b(+"' b%-.+,b"'-(b'  "' b0(+$,!(),Jb

"$b%+'+,b+'(&%2b-(b',0+b*.,-"(',Hbb

+"("%%2b%%b('b%+'+,b-(b+)b(+b,.&&+"3b-!b&-"' b,(b+Hb

+(+&b."'_(&)%-"('b-"/"-",b2b!-Hb/b%+'+,b"%%b"'b-!b%'$,b('b
,%",Ib(+b1&)%Hb

*."+b(&&.'%b+,)(',,Hb -b-!b%,,b/(-b('b-!b(.-(&b(bb,'+"(Ib0!-b-(b
-%$b(.-Ib!(0b-(b,(%/bb)+(%&Ib-!b'1-b,-)b-(b-$b"'bb,"&.%-"('Hb -b-!b%,,b
+-b,(%.-"(',b-(b)+(%&,Hb+-b.%%-b"-&,b,b-+.^%,b*.,-"(',Hb/b%+'+,b
+",b!',b-(b," '"2b-+.Hb

/bb%+'+b!" !%" !-b2(.+b,%",b,b2(.b-%$Hb

*."+bb+,)(',JbW",b2(.+b!'b"b2(.b(b().b!/bb*.,-"('HXb

/b%+'+,b&$b,!(+-b)+,'--"(',Hb"/b%+'+,bb-&)%-b-(b ."b-!b('-'-b
'b(+&-Hb

-b%+'+,b,. ,-b%-+'-"/,b-(b,'+"(,b'b1&)%,Hb(+b"',-'Ib%-b%+'+,b
,. ,-b"+'-b" .+,b"'bb%.%-"('Ib"+'-b,,.&)-"(',b'b-!(+",b-(b1)%"'b

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
'b/'-Ib"+'-b0(+"' b(b-1-b"'b'b/+-",&'-b(+b('-+-Ib'b"+'-b02,b
-(b,(%/bb)+(%&Hbb

,b-,b-(b)+(&(-b)+b%+'"' Hb(+b-!b&-"' Ib!/b%+'+,b)+)+b
(-!b)+(b'b('b)(,"-"(',Hb"$b,)$+,b+'(&%2b(+b!b)(,"-"('Hb+b!((,b
%+'+,b-b+'(&b-(b)%2b-!b/"%V,b/(-b2b+ ."' b,," 'b)(,"-"(',Hb



%2b-!b!(_'-,_-(___ +'+b &Hb"$b('b%+'+b-(bb-!b('-,-'-Hb
,$b

(!$
%'
) 
+!')*"
"(('%%#

-!b%+'+b*.,-"(',Hb!b%+'+b'b.,bb%"%"'b-(b,$b'(-!+b%+'+b(+b'b)(%%b
-!b."'Hb

$b%+'+,b,)(-b-+.-!Hb!b-!+b&$,b)%.,"%b,(.'"' b,--&'-,b-!-b
%+'+,b&.,-b%%b,b-+.b(+b%,Hb

#1;5
@1BD939@1>DC
F9C92<5

+-"")'-,b"'b'b('%"'b&-"' b'bb02b-(b$'(0b0!(V,b-!+Hb"'b%,,&-,b+b
'(-b)!2,"%%2b)+,'-Ib%+'+,b&2b'(-bb,.+b0!(b",b%",-'"' b'b0-!"' Hb!2b&2b
%b%('b(+b&2b!,"--b(+b+b(b('"' b.','b0-!+,Hb(b'!'b0+',,Jb

.%",!bb+(,-+Hb

+"("%%2b+*."+b/+2('b-(b,2b,(&-!"' Ib/'b#.,-bW V&b,-"%%b!+HXb

/%b-!b,+'b'&,b(b)+-"")'-,Hbb
*.%%2Ib+,)-b)()%V,b)+"/2Hb(b'(-b+*."+b-!&b-(b+/%b-!"+b"'-"-2b"b-!2b(b
'(-b0'-b-(Hb -b-!&b)"$b-!"+b(0'b,+'b'&,b2b0!"!b-!2b+b$'(0'b"'b-!b
&-"' Hb

+C5
9352B51;5B
71=5C
D?
75D
<51B>5BC
CD1BD54

--"' b,-+-b"'b'b('%"'b&-"' b'bb"".%-b"b%+'+,b+b,-+' +,b(+b+b'1"(.,b
(.-b-!b-!'(%( 2Hb(',"+b,(&b*."$Ib,"&)%b-"/"-",b-(b'  b%+'+,Ib+%"/b
'1"-2Ib'b"'-+(.b%%(0b%+'+,Hbb

.-bb0(+%b&)b"'bb0!"-(+b'b!/b%+'+,b)("'-b-(b0!+b-!2b%"/b'(0Ib
0!+b%,b-!2b!/b%"/Ib'b0!+b-!2b!/b/","-b+'-%2Hb

'b!-Ib!/b%+'+,b'-+b-!"+b#(b-"-%,b'b-!b(+ '"3-"(',b-!2b0(+$b(+Hb

'b0!"-(+b!/b%+'+,b+-bb(&&.'%b)"'-"' b(+b +"-"Hb(',"+b.,"' b'b
"& b+%-b-(b-!b,.#-b(b-!b&-"' Hb

/b)+-"")'-,b)+('(.'b-!"+b'&,b"'b."(b(+b/"(Hb

'/"-b%+'+,b-(b.)%(b)"-.+,b(b,(&-!"' b-!2b!/b+-Hb

/("b-+"/"%b-"/"-",b-!-b(&&.'"-b'(-!"' b,.,-'-"%b(.-b%+'+,Hb&&+Ib
-!b).+)(,b(b,.!b-"/"-",b",b-(b "/b%+'+,bb'('_-!+-'"' b02b-(b.,b-!b
(%%(+-"('b-((%,b0!"%b,!+"' b"'(+&-"('b(.-b-!&,%/,Hb

b
  



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
>3<E45
6?<<?GE@
13D9F9D95C



-+b-!b&-"' Ib"+-b%+'+,b-(b)+(+&b(%%(0_.)b-"/"-",Jb

CC97>
=1;5E@
G?B;


,," 'b&$_.)b0(+$b(+b%+'+,b0!(b(.%b'(-b--'b-!b&-"' Hb
,bb&"'"&.&Ib
!/b-+.'-b%+'+,b)%2bb+(+"' b(b-!b%"/b&-"' b,(b-!2b'b+Ib!+Ib'b,b
0!-b-!2b&",,Hb(.b&" !-b%,(b+*."+b-!-b-!2b0+"-bb,.&&+2b(b-!b&-"' b'b
)(,-b"-b-(b-!b%,,b",.,,"('b(+.&Hb

?>D9>E5
D85
49C3ECC9?>
16D5B
3<1CC

(b'(.+ b%+'+,b-(b('-"'.b('/+,-"(',b,-+-b.+"' bb&-"' Ib,-+-bb!-b
,,,"('b"&&"-%2b-+b-!b%,,Hb!",b "/,b%+'+,bb!'b-(b,$b-!b-!+b
*.,-"(',b-!2b0+b-((b,!2b-(b,$b"'b%,,bO(+b#.,-b-!(. !-b(Pb'b'%,b%+'+,b-(b
",.,,b)("'-,b-!-b,)"%%2b"'-+,-b-!&b.+"' b-!b&-"' Hb.+"' b-!b&-"' Ib
"'/"-b)+-"")'-,b-(b('-+".-b-(bb",.,,"('b-!+b('b-!b,.#-Hb-+-b-!b-!+b0"-!b
-+',+")-,b(b-!b&-"' b'b"-,b(%%(0_.)b!-b,,,"('Hb

F1<E1D5
D85
5F5>D

(b"&)+(/b%"/b/'-,Ib('.-bb(+&%b/%.-"('Ib,(&-!"' b%"$b-!",Jb

!b-!+b+"-"*.,b-!b&-"' Ib'(-"' b0!-b0(+$b0%%b'b0!-b(.%bb('b
--+b'1-b-"&Hb

+'+,b,. ,-b!(0b-!2b(.%b!/b('b--+Hb

!b-!+b)+"/-%2b(&&'-,b('b)+-"")'-,Vb!/"(+Ib,)"%%2b"b'(-b
))+()+"-Hb(&&('b)+(%&,b&" !-b"'%.b/+%%2b.,"' b(-!+,Ib(&"'-"' b
-!b,+b-"&Ib'b,$"' b*.,-"(',b(.-,"b-!b,.#-b(b-!b&-"' Hb

*81>;
?EDC945
85<@5BC

!b-!+bO(+b%+'+,Pb,!(.%b0+"-b-!'$_2(.b'(-,b-(b%%b-!(,b,",b,-b&&+,b
0!(b!%)b-!&b"'b-!b&-"' Hb
b-($'b "-b",b))+()+"-b(+b1)+-,b0!(b&b
)+,'--"(',b(+b(','-b-(b"'-+/"0,Hb

)$
-$()

!b-+&b#'b",bb('-+-"('b(bWb,&"'+HXb
b"'+b",b.,.%%2bb,"' %b('%"'b
&-"' b/(-b-(b(&)%",!"' bb,)""b (%HbO .%-")%b+%-b"'+,b+b%%bb
"'+b,+",HPb"'+,b+b'(-b+,-+"-b-(b%+'"' Hb!2b+b(&&('b"'b,%,b'b
&+$-"' b-((Hb 'b-!",b!)-+Ib0b0"%%b+,-+"-b(.+,%/,b-(b"'+,b0!(,b).+)(,b",b-(b
.-b)+-"")'-,b+-!+b-!'b-(b,%%b-!&b,(&-!"' Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b
-85>
D?
EC5
-529>1BC

"'+,b+b ((b(+b*."$%2b'b"'1)',"/%2b(&)%",!"' b,"&)%b (%,Ib0!+b
'2-!"' b&(+b1-',"/b0(.%bb(/+$"%%Hb(',"+bb"'+b0!'b-!,b('"-"(',b
(.+Hb



)H)'*&#-"Hb-#(!&H&,(#(!H)$.#0b0"-!b('%2bb0b,._(#-"/,Hb b2(.b

(!$
%'
) 
+!')*"
"(('%%#

"'-"2b&(+b-!'bb!'.%b(b(#-"/,Ib(',"+b,(&b(-!+b(+&Hb,bb"'+b-(b
-!bb,"' %b)+(.+Ib-,$Ib)+(.-b-.+Ib)(%"2Ib)+"'")%Ib)+(,,Ib(+b+ .%-"('Hb

),Hb)(G.#'H(Hb b2(.b('%2b'b-(b(&)%",!b-!b%+'"' b(#-"/b-!",b('b
-"&Ibb"'+b&2bb-!b&(,-b('(&"%b'b-"/b02Hb(',"+b/'-,b-!-b
(.+b#.,-b('b.-b(b+*."+b%+'"' Hb(+b1&)%Ib2(.b&" !-b!(%bb"'+b-(b
)+)+b0(+$+,b-(b.) +b+(&b+,"('b9H9H9b-(b9H9H:b(b'b(.'-"' b)+( +&Hb

),Hb&#'#.H/#(Hb b2(.b!/b-(b-!b('%2bb(.)%b(3'b%+'+,Ibb"'+b
,!(.%bb2(.+b"+,-b!("Hb(+b'2b'.&+b.)b-(bb!.'+Ibb"'+b,!(.%b,-"%%bb
(',"+Hb

)H."H H.)H&,(HH-/$.Hb b2(.+b (%b",b'(-b-(b-!b%+'+,b%%b(bb,.#-b.-b
-(b-!b-!&b!(0b-(b%+'b-!-b,.#-b('b-!"+b(0'Ibb"'+b&2bb-!b+" !-b
%'b(b"',-+.-"('b'b',0+"' b*.,-"(',Hb.!b"'+,b-2)"%%2b"'b-!b
,.#-Ib"'-+(.b-!b-+&"'(%( 2b'b,-+.-.+b(b-!b"%Ib'b-%%b%+'+,b0!+b
'b!(0b-(b,+!b(+b%+'"' b&-+"%,Hb

)H)(03H#(,'(.&H#( ),'.#)(Hb(+b(&)%",!"' bb '(0b(#-"/b(+b%+'+,b
%+2b&"%"+b0"-!b-!b,",b(bb"%Ib-!b"'+b&2bb"%Hb,bb"'+b-(b
+)(+-bb'0b",(/+2Ib)("'-b(.-b'0b+,(.+,Ib+"'b"'-+)+--"(',b(bb)(%"2Ib
.)-bb)+(.+Ib(+b''(.'bb'0b+.%Hb +'+,b&.,-bb$'(0% %b'(. !b
-(b))%2b-!b'0b"'(+&-"('Hb

"'+,b+b,!(+-b'b,"&)%Hb!2b0(+$b,-b(+b(&)%",!"' bb,)""b(#-"/b(+bb
,&%%b +(.)b(b)()%b(/+bb+"b)+"(b(b-"&Hb

&93;
13D9F9D95C
D?
D5138

"'+,b-2)"%%2b(',",-b(bb)+,'--"('b(%%(0b2bbG
b,,,"('b'b)(,,"%2b
,(&b(-!+b-"/"-2b2b%+'+,Hb!b(b-!,b-"/"-",b,+/,b-(b(&)%",!b-!b%+'"' b
(#-"/b(b-!b"'+Hb

&B5C5>D1D9?>

!b(+b(b&(,-b"'+,b",bb)+,'--"('Ib,.!b,bb,%"b,!(0b(+b&(',-+-"('Hb 'b-!b
)+,'--"('b)+-b(b-!b"'+Ib-!b)+,'-+b%,b-!b"'+b0!"%b%+'+,b0-!b
'b%",-'Hb!b-0(b"&)(+-'-b%&'-,b(+b,.,,.%b"'+b)+,'--"(',b+b-!b
)+,'-+b'b-!b('-'-b(b-!b)+,'--"('Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
&93;
D85
25CD
@B5C5>D5B

"$b-!b,-b)(,,"%b)+,'-+b(+b2(.+b"'+Hb
,$IbW!(b'b,-b('/2b-!b
+*."+b"'(+&-"('b'b,-b"',)"+b%+'+,b-(b))%2b"-MXb(',"+b-!,b'"-,Jb

",<H#(-.,/.),<H),H.,#(,Hb"$b,(&('b)+(""'-b"'b%"' b('%"'b&-"' ,Ib"'b
)+,'-"' b"'(+&-"('b/",.%%2b'b/+%%2Ib'b"'b'(.+ "' b%+'+,Hb
%%(0b
'(. !b-"&b(+b-!b)+,'-+b-(b)+-b-!b)+,'--"('Hb

/$.G'..,H2*,.Hb(&('b0!(b$'(0,b-!b,.#-b'b(-'bb+2b-(b)+,'-b
('b,!(+-b'(-"Hb!b,.#-_&--+b1)+-b&2Ib!(0/+Ib!/b-+(.%b,"&)%"2"' b-!b
,.#-b-(b"-b-!b%/%b(b%+'+,Hb.#-_&--+b1)+-,b'b"'%.b,)"%",-,b+(&b
(-!+b)+-&'-,b"'b2(.+b(+ '"3-"('b(+b(.-,"b(',.%-'-,Hb

/-#(--H&,Hb(+b.,"',,b,.#-,Ibb)+,'--"('b2b'b1.-"/b(+b,'"(+b
&' +b&2bb+""%"-2b'b1"-&'-Hb!b)+,'b(bb!" !_+'$"' b%+b
,2,b-!-b-!b/'-b",b"&)(+-'-b'b-!-b)+-"")'-,b+b%.$2b-(b)+-"")-Hb

(-*#,.#)(&H-*%,Hb b%+'+,b+b",(.+ b(+b,$)-"%a(+b"b2(.b+b-+2"' b-(b
(&)%",!bb%"/b(+b%b(#-"/Ib(',"+bb)+,'-+b0!(b'b('/"'b'b
&(-"/-b%+'+,Hb

(.,0#1,Hb!b)+,'--"('b&2b(',",-b(b'b1)+-b',0+"' b-!b*.,-"(',b(b'b
"'-+/"0+Hb+"' b"'b'b"'-+/"0+b0!'b-!b1)+-b",b,!2Ib",(+ '"3Ib(+b'(-b
.,-(&b-(b)+,'-"' Hb

(&H) H2*,.-Hb-!+b-!'b('b)+,'-+Ib.,b&.%-")%Hb -b-!&b)+,'-b2b
",.,,"' b-!b,.#-b&(' b-!&,%/,b(+b2b',0+"' b*.,-"(',b)(,b2b-!b
-!+Hb
b)'%b0(+$,b0%%b(+b(&)%1b,.#-,b-!-b+*."+b&.%-")%b)+,)-"/,Hb

,(,Hb 'b,("%b%+'"' Ib%+'+,b-$b('b-!b+(%b(b-!+,Hb(',"+b!/"' bb
%+'+b)+)+bb)+,'--"('b'b "/b"-b,b)+-b(bb"'+Hb
'b)"$"' bb)+,'-+b(',"+b-!b'"-V,b$'(0% b(b-!b,.#-b'b"%"-2b-(b
('/2b-!-b$'(0% b"'bb('/"'"' b'b'  "' b02Hb

&93;
D85
B978D
;9>4
?6
@B5C5>D1D9?>

%-b-!b-2)b)+,'--"('b-(b&-!b-!b(#-"/b(b-!b"'+Hb(',"+b%"/b/+,"(',b
(b-!b$"',b(b)+,'--"(',b,. ,-b"'b!)-+b:Hb!,b"'%.b,%"b,!(0,Ib)!2,"%b
&(',-+-"(',Ib,(-0+b&(',-+-"(',Ib"'-+/"0,Ib)'%b",.,,"(',Ib,)!,Ib'b
,-(+",Hb b-!+b",b'(-b-"&b-(b/%()bb)+,'--"('b+(&b,+-!Ib,b"b2(.b'b&("2b
'b1",-"' b)+,'--"('Hb

'E5CD9?>1>41>CG5B
'
C5CC9?>

!b,('b,,'-"%b(&)(''-b(b-!b"'+b",b'b())(+-.'"-2b(+b%+'+,b-(b,$b
*.,-"(',HbOb) b9?>b(+b!(0b-(b," 'b*.,-"('"' b-"/"-",HPb2)"%%2Ib*.,-"('"' b
(.+,b"&&"-%2b-+b-!b)+,'--"('b.+"' bb," '-b*.,-"('_'_',0+b
,,,"('Hb b-!b,.#-b",b(&)%1Ib-!b,)$+b&2b).,b-b%( "%b+$,b"'b-!b

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b
)+,'--"('b-(b-$b*.,-"(',b+(&b%+'+,Hb
b-!"+b)(,,""%"-2b",b-(b,-b.)bb$b!''%b
O)Hb<>APb,(b%+'+,b'b)(,b*.,-"(',b,b-!b)+,'--"('b",b ("' b('Hbb

b,)"%b(+&b(b*.,-"('"' b'b",.,,"('b(.+,b"'b-!b,2&)(,".&b)--+'b(b
"'-+-"('bO)Hb<9;Pb0!+b-!b."'b,$,b*.,-"(',b'b",.,,,b",,.,b0"-!bb)'%b(b
1)+-,Hb!",b(+&b(b*.,-"('"' b'bb1-'b-(b'(.+ b%+'+,b-(b',0+b



*.,-"(',b)(,b2b(-!+b%+'+,Hb

(!$
%'
) 
+!')*"
"(('%%#

>=55D9>7
13D9F9D95C

"'+,b'b%,(b!/b%+'+,b'  b"'b(-!b +(.)b'b"'"/".%b%+'"' b-"/"-",b
-(b)+-"b0!-b-!2b+b%+'"' Hb +'+,b&" !-bb "/'bb,&%%b)"b(b0(+$b-(b(b
'b,$b-(b+#("'b-!b&-"' b"'b98b&"'.-,b-(b,!(0b-!"+b+,.%-,Hb+b,&%%b +(.),b(b
%+'+,b&" !-b&(/b"'-(b+$(.-b+((&,bO)Hb=<?Pb0!+b-!2b&-b)+"/-%2b-(b)+(+&b
'b,," 'b +(.)b-"/"-2b(+b+#("'"' b-!b&"'b&-"' b'b+)(+-"' b('b-!"+b
+,.%-,Hb
'_&-"' b-"/"-",b+b&(+b(&&('b"'b/"+-.%b%,,+((&b(.+,,b-!'b"'b"'+,Hb
!",b",b'(-b,.+)+","' Hb"'+,b+b-2)"%%2b,!(+-Ib.,.%%2b'b!(.+b"'b%' -!Hb
-+b-!b
)+,'--"('b'b*.,-"('_'_',0+b-"/"-",Ib-!+b&2bb%"--%b-"&b%-b(+b(-!+b
-"/"-",Hb!b%$b(b-"&b",b(&)(.'b2b-!b-b-!-b"'bb('_,!(-b"'+Ib%+'+,b
&2bb,-+' +,b-(b('b'(-!+b'b&2bb.'&"%"+b0"-!b!(0b-(b()+-b-!b('%"'b
&-"' b-((%,Hb 'b"'+,Ib(',"+b,!(+-'"' b-!b)+,'--"('b'b.,"' b-"&b-(b!/b
%+'+,b)+-"b0!-b-!2b+b%+'"' Hb

)$
,(*+""))(%%#
%+())

.,,.%b/"+-.%_%,,+((&b(.+,,b)'b&(+b('b!.&'b"'-+-"('b-!'b('b
-!'(%( "%b"'+,-+.-.+Hb!b,+-b(b,.,,b,&,b-(bbb+.%%2b(+!,-+-b,-b
(b%+'"' b1)+"',b'bb+,)(',"/b-!+b0!(b--',b-(b-!b%+'"' b',b(b%%b
&&+,b(b-!b%,,Hb
b!/b%+2b+/"0b-!'"*.,b(+b-0(b"&)(+-'-b)+-,b(bb/"+-.%b(.+,Ib'&%2b
&-"' ,bO)Hb=<@Pb'b",.,,"(',bO!)-+b@PHb(0b0b0"%%b%(($b-b,-b)+-",b(+b-!b
(.+,b,bb0!(%Hb

)5<53D
1
AE1<96954
D51385B

!b*.%"-2b(b"',-+.-"('b"'b-!b/"+-.%b%,,+((&b)',b('b-!b)+)+-"('b'b-%'-b
(b-!b-!+Hb(b&(.'-b(b"',-+.-"('%b," 'b'b(&)',-b(+b'b.')+)+b(+b
"'(&)-'-b-!+Hb!b,$"%%,b+*."+b"'b-!b/"+-.%b%,,+((&b+b,"&"%+b-(b-!(,b.,b
"'b-!b)!2,"%b%,,+((&a.-b0"-!b,(&b+."%b"+',Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
!,b"+',b"'%.Jb

,(,-H,H().H*"3-#&&3H*,-(.Hb!b-!+b&.,-bW+Xb-!&b'(-b-!+(. !b
)(,-.+b'b"%b1)+,,"(',b.-b-!+(. !b-('b(b/("b(+b/'b-!"+b!,-"%2b
-2)0+"--'b0(+,Hb

"H.",H'/-.H)''/(#.H.",)/!"H."H'#H0#&&Jb",)%2b0(+,Ib
,)($'b0(+,Ib,%",Ib,$-!,Ib&(',-+-"(',Ib'b/"(Hb!b-!+b&.,-bb
-!'"%%2b)+(""'-b"'b)+(."' b-!,b&"b'b-!b-((%,b-!-b-+',&"-b-!&Hb
b
(&&'"' b,- b)+,'b&2bb%,,b-"/b-!'bb0%%_&(.%-b/("Ib,0"-b
-2)"' b,$"%%,Ib'b((+"'-b()+-"('b(b&.%-")%b(&).-+b)+( +&,Hb

,(,-H,&3H&--H)(H."H.",Hb $"' b"+-b_-(_b('--b0"-!b-!b-!+Ib
%+'+,b0"%%b(&&.'"-b&(' b-!&,%/,Hb!b-!+b&.,-b'(.+ b,.!b
W-%$"' b"'b%,,Xb'b&$b"-b)+(.-"/a/'b"b-!",b&$,b%+'+,b%,,b)''-b
('b'b--'-"/b-(b-!b-!+Hb!b-!+b&.,-bb0"%%"' b-(b&(/b+(&b%,,+((&b
(&&'+b-(b/"+-.%b/%-Hb

-81D
1DD9DE45C
4?
D51385BC
>554

.,,b,b'b('%"'b-!+b",b,b&.!bb&--+b(b--"-.b,b$'(0% b'b,$"%%,Hb!-b
+b,(&b',,+2b--"-.,b(+b('%"'b-!+,Mb
!)&--(--JbW b0'-b-(b!%)b)()%Ib'(-b#.,-bbb, b('bb,- HXb
&##.3JbW_%+'"' b",bb/%.%b(+&b(b"',-+.-"('HXb
)( #(JbW b'b(b-!",NXb

 (-",-"%b-!+,b+b&(+b(bb)+(%&b-!'bb,(%.-"('Hbb('b .+b "',-b," ',b(b

-((b&.!b (Ib,.!b,b,--&'-,b%"$b-!,Jb

W .,-b)("'-b-!b&+b-b&HXb

W b('V-b'b-(b+!+,Hb V/b-. !-b-!",b:8b-"&,b"'b-!b%,,+((&HXb

bW-.'-,b0'-b-(b,b'b!+b&Ib'(-b,(&b,-.)"b'"&-"('HXb

-81D
C;9<<C
1B5
B5AE9B54

!b,$"%%,b(b'b('%"'b-!+b+b'(-b-!b,&b,b-!(,b(bb%,,+((&b-!+Hb+b",bb
(&)+",('b(b-!b&"'b,$"%%,b(b!Jb

(HH*"3-#&H&--,))'H

.#-_&--+b$'(0% Hb


.-!(+"--"/b-('b(b/("Hb

,-.+,b'b(2b%' . Hb

 "%b!'0+"-"' Hb

,"b(0+("'-b,$"%%,Hb
(HH0#,./&H&--,))'H

.#-_&--+b$'(0% Hb

%%_&(.%-b-('b(b/("Hb

+"-"' b'b-2)"' Hb


"%"-2b-(b()+-b(%%(+-"('b-((%,b%.'-%2Hb


/'b(0+("'-b,$"%%,Ib,.!b,b'"&-"('Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b
(5AE9B5
5H@5B95>35
69BCD

!"' b"'b-!b/"+-.%b%,,+((&b",bb!%%' b(+b/'b1)+"'b-!+,Hb(+b
%--"' b-!+,b-!b,(%(Ib+*."+b)(-'-"%b('%"'b-!+,b-(Jb

1)+"'bb(3'b('%"'b&-"' ,Hb



!+,b-!+b-"&,b0"-!b'b1)+"'b('%"'b-!+Hb

(!$
%'
) 
+!')*"
"(('%%#



,,",-b"'b-!+b('%"'b&-"' ,b('.-b2bb)+(/'b('%"'b-!+Hb

!b('b0"-!bb$.)b-!+b/"%%Hb

/"0b-!"+b('%"'b)+(+&'b0"-!bb)+(/'b('%"'b-!+Hb
-b'b-$b&('-!,b(+b-!+,b(&b,b)%Ib%.'-Ib'b('"'-b('%"'b,b"'b
-!b)!2,"%b%,,+((&Hb-+-b/%()"' b2(.+b('%"'b-!+,b'(0Hb
'b(b'(-b*."-Hb
!'(%( ",b0"%%b('-"'.b-(b/%()b,b,-b,b-!+,b'b"'(+)(+-b-!&b"'-(b-!"+b
%,,,Hb

*5138
D85
3<1CC
4?>OD
:ECD
<5D
9D
81@@5>

!b-!+b&.,-b-"/%2b%b-!b%,,b2b,--"' b-!b)Ib&$"' b,.+b-!-b%+'+,b+b
)+-"")-"' Ib'b(/+(&"' b)+(%&,Hb

)(..H&,(,-H#(#0#/&&3;b%%b(+b_&"%b%+'+,b"'"/".%%2b-(b%-b-!&b$'(0b2(.b
/"0b-!&b,b"'"/".%,b'b-(b%",-'b-(b'2b('+',b-!2b&2b!/Hb b)(,,"%Ib&-b
-!&b"'b)+,('Hb(+b('b('%"'b%,,Ib b",(/+b-!-b!%b&2b%+'+,b0(.%bb-bb
)+(,,"('%b('+'b b0,b--'"' Hbb,)'-bb0b)+(.-"/b!(.+,b-( -!+Hb
&*H&--'.-H!.H.)H%()1H)(H().",;b/b%+'+,b)(,-b-!"+b"( +)!",Hb!'b
!/b%+'+,b1&"'b-!b"( +)!",b(b-!"+b%,,&-,b-(b"'b('b(&&('b"'-+,-b(+b
(-!+b," '""'-b,"&"%+"-2Hb
.3H)(H."H*/&#-"H-"/&;b b2(.b).%",!bb,!.%Ib,-"$b-(b-!b,!.%Hb&(-b
%+'+,b'b-!(,b0"-!b.,2b,!.%,b)'b('b-!b(.+,b,!.%b-(b++' b-!"+b
0(+$b'b)+,('%b%'+,b-(b"-b-!b(.+,Hb

*H) #H")/,-;b $b2(.+,%b/"%%b+-"'b-"&,b.+"' b-!b0$Hb +'+,b&2b

%b+%.-'-b-(b%%b2(.b.'%,,b2(.b,'-"('b-!b-"/"-2Hb'%,,b2(.b,-b,)""b!(.+,Ib
%%,b&2b(&b0!"%b2(.b+b"'"' b(+b,%)"' Hb
H&,(,-;H)b(.-b,," '&'-,b'b%"',Hb',.+b-!-b-!b&(.'-b(b0(+$b
+*."+b(b%+'+,b",b(',",-'-b+(&b0$b-(b0$Hb&&+b-!-b+%"+b-"/"-",b&2b
,&b&(+b.'-"' b-!'b%-+b(',b-+b%+'+,b!/b(&b&"%"+b0"-!b-!b(.+,b
'b"-,b-!'(%( ",Hb'(+b%"',b,(b-!b0!(%b%,,b",b0(+$"' b('b-!b,&b&-+"%b
'b'b!%)b('b'(-!+Hbb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
.H&,(,-H1),%H"Hb.%",!b-!b'-"+b,2%%.,b-b-!b "''"' b(b-!b%,,Hb
,," 'b
%,,_%(' b+*."+&'-,Ib,.!b,b%+ b)+(#-,b'b '+%b+"' ,Ib-b-!b "''"' b(b
-!b%,,b,(b-!-b-!(,b0!(b0'-b-(b'b,-+-b+%2Hb!(,b0!(b!/b-(b&",,bb0$b'b(b
0(+$b!b(b-"&b,(b"-b",b,"+b(+b-!&b-(b-!b.)Hb

)H().H-*(H.))H'/"H.#'H."#(!H."H)/,-H-) .1,;H +'+,b(&b+.,-+-b

0!'b-((b&.!b(.+,b-"&b",b,)'-b%+'"' b!(0b-(b()+-b-!b(.+,b,(-0+Hb+b
%+'+,b-(b(-!+b,(.+,b(+b-!b,.!b,$"%%,b(.-,"b+*."+b/'-,Hb

&<1>
@B5493D12<5
<51B>9>7
3I3<5C


b(.+,b",b'(-bb('_,!(-b/'-Hb(+b,!(.%b"-bb'b"&%,,b+&%b-!+(. !b-!b,.#-Hb
!b,-b,-+.-.+b(+b'b('%"'b(.+,b&2bbb)+"-%b%+'"' b2%Ib,2'!+('"3b
0"-!b%,,b&-"' ,Hb(+b1&)%Ib!+b",b-!b2%b(b/'-,b(+b!b0$b(bb(.+,Jb

.!bb2%b(b+)-b/'-,b&$,b-!b%+'"' b&(+b)+"-%b'b%-,b%+'+,b
(''-+-b('b-!"+b,-.",b+-!+b-!'b('-"'.%%2b&,-+"' b'0b-2),b(b%+'"' b
1)+"',b(+b+,)('"' b-(b,.+)+","' b'0b+*.,-,Hb+"-2b(&,b"'b-!b-.%b
,," '&'-,Hb

'b," '"' b2(.+b_%+'"' Ib2(.b&.,-b,)"2b-!b%+'"' b1)+"',b-!-b0"%%b-!a

'b2(.b&.,-b"b0!-b&-+"%,a('%"'b'b(-!+0",a0"%%bb',,+2b-(b-b
-!(,b%+'"' b1)+"',Hb
+b2(.b,bb,2'(),",b(b,.!bb)%'b(+bb>_0$b" "-%b)!(-( +)!2b(.+,Hb!b"-&b
,!(0'b!+b+*."+b&(+b-"%b,)""-"('b(+b"-b(.%bb+-b(+b.,b"'b-!b
(.+,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b

(!$
%'
) 
+!')*"
"(('%%#

b
+-b"'b "+(,(-b(+b'b('/+-b-(bb.,"' b
(b
+(-b+(,,"('%Hb"0b(+&b-b!(+-('H(&^%Hb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
(5C@?>4
D?
<51B>5BC

(+b%+'+,Ib-!b&(,-b"&)(+-'-b%&'-b"'b-!b/"+-.%b%,,+((&b",b-!b-!+Hb $b,.+b
-!-b%+'+,b'b,$b*.,-"(',b'b -b!%)b0!'b'Hb

.H,-)(&H2*..#)(-Hb%%b%+'+,b0!-b-!b-.+'_+(.'b-"&b0"%%bb(+b
+,)('"' b-(b_&"%Ib,2b:<b-(b<@b!(.+,Hb(&b%+'+,b-!"'$b-!"+b-!+,b%"/b('%"'Ib
#.,-b0"-"' b(+bb&,, b+(&bb,-.'-Hb'b2(.b,-b1)--"(',Ib&-b-!&Hb

-*)(H*,)'*.&3Hb b2(.b''(-b+,)('b*."$%2Ib,'bb,!(+-b&,, b
$'(0% "' b-!b*.,-"('b'b)+(&","' bb.%%b+)%2b%-+Hbb,.+b-(b,2b0!'Hb b
2(.b0"%%bb(.-b(b2(.+b("b(+b,/+%b2,Ib.,b-!b.-(_+)%2b.'-"('b(b2(.+b
_&"%b,2,-&b-(b'(-"2b,'+,b0!'b2(.b0"%%b+,)('Hb

&B?F945
3?=@<5D5
9>CDBE3D9?>C

(+b,(&b%+'+,Ib()'"' b'b_&"%b&,, b",bb,-+. %Hb-!+,b"%2b-1-_&,, b(_
0(+$+,b+(&b-!"+b&("%b)!(',b(+b"',-'-b&,, b-!"+b+"',b+(&b-!"+b(&).-+,Ib
%",-'b-(b)(,-,b0!"%b.)-"' b-!"+b%( ,Ib--!b/"(b%"),b-(b-!"+b_&"%Ib'b.,b
-!"+b&,b-(b,!(0b(b-!"+b%-,-b" "-%b&+,Hb(-!b +(.),b'b%+b"',-+.-"(',b
('b!(0b-(b.,b(%%(+-"('b-((%,b(+b%+'"' Hb!(,b"'1)+"'b0"-!b(%%(+-"('b
-((%,b'b,"&)%Ib1)%""-b"',-+.-"(',b'b'(.+ &'-b('b --"' b,-+-Hb!(,b
%.'-b"'b-!,b&"b'b"+-"('b('b.,"' b-!,b-((%,b(+b%+'"' b).+)(,,b+-!+b-!'b
,("%b1!' ,Hb
"+-.%b%,,+((&,b-2)"%%2b+*."+b-!+b&"'b(.&'-,b-(b ."b%+'"' Jb-.'-V,b
."Ib!+V,b."Ib'b%,,b2%%.,Hb

)DE45>DOC
7E945

!b,-.'-V,b ."b)+(/",b"',-+.-"(',b(+b%+'+,b'b-&b%+,Hb -b(',(%"-,b
"',-+.-"(',b-!-b&" !-b(-!+0",bb,--+b&(' b
,Ib_&"%,Ib)(%"",Ib",.,,"('b
)(,-,Ib'b+)%",b-(b*.,-"(',b"'b&-"' ,b(+b(+.&,Hb

-85>
4?
I?E
>554
1
CDE45>DOC
7E945


b,-.'-V,b ."b",b,)"%%2b"&)(+-'-b0!'Jb

+'+,b+b'0b-(b-!b&"b'b(%%(+-"('b-((%,b(b2(.+b(.+,Hb

+'+,b(b'(-b$'(0b-!b('/'-"(',b'b'-"*.--b(b_%+'"' Hb

b,-.'-b!/"(+b(.%b1)(,b2(.+b(+ '"3-"('b-(b% %b%""%"-2Ib(+b1&)%Ib
!+ ,b(b",b(+b!+,,&'-Hb

(.b%$b,.))(+-b,-b-(b(!b!b%+'+b"'b-!b+(.-"'b-,$,b(b_%+'"' Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
H@<19>
5CC5>D91<
13D9?>C

',.+b%+'+,b'b)+(+&b%%b+*."+b-"(',Hb $b,.+b%+'+,b$'(0b!(0b-(b
)+)+b'b,'b-!b$"',b(b&,, ,b',,+2b"'b-!b%,,Hb+(/"b,-)_2_,-)b
"',-+.-"(',b(+b!b(b-!,b-"(',Jb

'bb&,, b-(b'b"'"/".%b(+b-(bb0!(%b +(.)Hb




)%2b-(b&,, ,Hb

(!$
%'
) 
+!')*"
"(('%%#


(+&-b-!b&,, Hb

.(-b+(&b'b(+" "'%b&,, Hb

&b%"'$,b"'b&,, ,Hb


--!b"%,b-(b&,, ,Hb

(,-bb&,, b('bb,)""b-!+b(bb",.,,"('b(+.&Hb
+(/"bb(&)%-b('%"'b&'.%b(+b-!b",.,,"('Ib_&"%Ib!-Ib'b('%"'_&-"' b
-((%,b.,b"'b-!b(.+,Hb'%,,b2(.b!/b+-b2(.+b(0'b.,-(&b,2,-&Ib2(.b'b
)+(%2b%"'$b-(b-!b('%"'b&'.%,b'b-.-(+"%,b)+(/"b2b-!b/'(+,b(b2(.+b-((%,Hb b
,2bW)+(%2Xb.,b'(-b%%b/'(+,b!/b ((b"',-+.-"(',b0+"--'b(+b"+,-_-"&b
%+'+,Hb
$b"-b,2b(+b%+'+,b-(b)+"'-b(.-b-!,b"',-+.-"(',Hb"-!+b(&"'b%%b-()",b"'-(b('b
"%b(+b,,&%b-!&b"'-(bb,)"%b)+"'-%b"%Hb--+b,-"%%Kb(',(%"-b%%b-!b&'.%,b
(+b%%b-!b,2,-&,b.,b"'b-!b(.+,b"'-(b('b"%b0"-!bb(&)+!',"/b-%b(b('-'-,Hb

)E@@<I
3?=@ED5B
C5DE@
9>CDBE3D9?>C

"/b/'-,b'b-1b-!b)"%"-",b(b/'b)(0+.%b(&).-+,b'b'-0(+$,Hb!+,b
'b%+'+,b'b-(b-.'b-!"+b(&).-+,b(+b(%%(+-"('Hb!b(%%(0"' b1&)%Ib+(&b
'b''(.'&'-b(b'b.)(&"' b('%"'b,,,"('Ib%+-,b%+'+,b-(b-!b/'-b'b-%%,b
-!&b0!-b-!2b'b-(b(bO-!'"%%2Pb-(b -b+2b(+b"-Jb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
H@<19>
8?G
D?
5<51B>

_%+'"' b&2bb'0b-(b,(&b%+'+,Ib0!(b&2b'(-b+%"3b-!b!" !b +b(b,%_
&(-"/-"('b'b-"&_&' &'-b,$"%%,b"-b+*."+,Hb("'-b(.-b-!b,)""b%+'"' b
!/"(+,b'b--"-.,b'b'b,. ,-b02,b-(b/%()b-!&Hb%%b%+'+,b!(0b-(Jb

+"2b-!-b-!"+b (%,b'bb&-b"'b-!b(.+,Hb

-b-!"+b(0'b(#-"/,b'b-"&-%,b'b&"%,-(',b(+b!"/"' b-!&Hb

(',-+.-"/%2b"'-+-b0"-!b%%(0b%+'+,Hb


-"/%2b,$b'0b$'(0% b'b,$"%%,b+-!+b-!'b0"-"' b-(bb-. !-Hb

,-+b'0b-!'(%( ",b%"$bb!"%Hb1)%(+Ib1)+"&'-Ib'b%(($b-!"' ,b.)b"'b%)Hb

E945
=5CC175
GB9D5BC

(-b%%b%+'+,b$'(0b!(0b-(b+-b-"/b&,, ,b'b!(0b-(b&' b-!"+b&,, _
,'"' b-"/"-",Hb(.b&2b0'-b-(b&('"-(+b!(0b0%%b%+'+,b,'b&,, ,Hb b
)+(%&,b+",Ib+(&&'b,)""b-+"'"' Hb+b)+(/"b"',-+.-"(',b2(.+,%Hb
'%.b,)""b"',-+.-"(',b('b))+()+"-b02,b-(b1!' b&,, ,a(+b++b-(bb
,)+-Ib&(+b '+%b ."Ib,.!b,b*8)$8 ((#H8(b-(b!(+-('H(&^%^b-(b,b'b
1&)%Hb

)@5<<
?ED
3?<<12?B1D9?>
@?<9395C

b,-.'-,b&.,-b0(+$b-( -!+b,b-&,b(+b(&&'-b('b!b(-!+V,b0(+$Ib)+(/"b
."'b('b+(&&'b02,b(b0(+$"' b-( -!+b'b+*."+b!/"(+,Hb(.b&2b
"'%.b-!",b&-+"%b"'b-!b,-.'-b ."b(+b).%",!bb,)+-b ."Hb(b-(b
!(+-('H(&^%^b-(b,b'b1&)%Hb

*51385BOC
7E945

!b-!+V,b ."b)+(/",b"',-+.-"(',b(+b-!b-!+Ib",.,,"('b&(+-(+Ib&-"' b
)+(.+Ib'b .,-b,)$+Hb

!b-!+V,b ."b-%%,b"',-+.-(+,b'b"%"--(+,b!(0b-(b,-b.)b-!b(.+,Ib('.-b
('%"'b&-"' ,Ib&(+-b",.,,"(',Ib'b)+(+&b(-!+b-"/"-",Hb -b,!(.%b%,(b(/+b
-!b.-",b(b(-!+,b"'/(%/b"'b&"'",-+"' b'b%"/+"' b-!b(.+,Ib,.!b,b-!b
)+(.+b(b('%"'b&-"' ,Ib .,-b,)$+,Ib'b-!"' b,,",-'-,Hb

-85>
4?
I?E
>554
1
D51385BOC
7E945

+-bb-!+V,b ."b0!'b-!(,b('.-"' b-!b%,,b+b'0b-(b,(&b,)-b(b-!b
%,,Hb+-bb ."b0!'Jb

!+,b(+b1)+-,b&.,-b-!bb(.+,b-!2b"b'(-b," 'b'b/%()Hb

!+,b+b'0b-(b('%"'b-!"' Ib-(b-!b,.#-b&--+Ib(+b-(b-!b,)""b(.+,Hb

!+,b&" !-b(-!+0",b-+2b-(bW0"' b"-HXb

+'"' b(.+,b&"'%2b"'b$b+(&b-!b-!+Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b
H@<19>
8?G
D?
C5D
E@
D85
3?EBC5

!b-!+V,b ."b,!(.%b)+(/"b"+-"(',b(+b,--"' b.)bb'0b(+"' b(b-!b(.+,Hb
%%b-!+,b!(0b-(Jb

 ",-+b%+'+,b'b(-!+b)+-"")'-,Hb!",b0"%%b"'%.b,--"' b.)b+(%,b'b
,," '"' b,.+"-2b)+"/"% ,Hb

(!$
%'
) 
+!')*"
"(('%%#


''(.'b-!b(.+,b-(b%+'+,b'b-(b(-!+b)+-"")'-,Hb


 )%(b(.+,b+,(.+,Hb


 (,-b"( +)!",b(+b-!b-!+b'b(-!+,b+,)(',"%b(+b-!b(.+,Hb


 %(&b%+'+,b2b_&"%b(+b)!('Hb


 .%",!bb,-.'-V,b ."Ib&,, "' b)(%"2Ib'b(%%(+-"('b ."Hb


!'b)+-"%b"'%.b&(%,Ib1&)%,Ib'b-&)%-,b-!-b-!b-!+b'b.,b,bb
,-+-"' b)("'-b"'b+-"' b+*."+b&-+"%,Hb

H@<19>
8?G
D?
3?>4E3D
D85
3?EBC5

('.-"' bb(.+,b",b&(+b-!'b-!"' Hb -b+*."+,b&'2b-"/"-",Hb(&b+b&.''b
'b(-!+,b(&)%1Hb%%b-!+,b!(0b-(Jb



('"-(+b%+'+,Vb)+(+&'Ib!/"(+Ib'b--"-.,Hb


(+-b",.,,"('b(+.&,Hb
 '-+/'b0"-!b.'&(-"/-b%+'+,b'b-!(,b!/"' b%2Hb


 +b%+'+,Hb!",b&2b+*."+b-"%b+.+",b(+b,(+"' b(&)%1b-"/"-",Hb



"/b$Hb(&b$b'bb'-"")-Ib'b,(&b'b(%%(0b ."%"',b'b
)(%"",Hb

H@<19>
8?G
D?
C5D
E@
=55D9>7C

!b&-"' b+*."+,b+.%b)+)+-"('Hb $b,.+b-!+,b'Jb


#.,-b-!b,2%%.,b'b+&"'b%+'+,b(b&-"' ,Hb


 )-b&-+"%,Hb/",b,," '&'-,Hb+)+b(+b+/",b,%",Hb"'b'0b)(%%,Hb


 )%(b&-+"%,Hb



.%",!bb-"%b&-"' b 'Hb'bb '+%b,!.%b-(b%+'+,b'bb&(+b
-"%b('b-(b)+(.+,Ib .,-b,)$+,Ib'b,(b(+-!Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
H@<19>
8?G
D?
3?>4E3D
=55D9>7C

!b-!+b&.,-b('.-b&-"' ,b,&((-!%2b'b""'-%2b(+b%+'+,b.,-(&b-(b
-!b%0%,,b)+(.-"('b(b'-0(+$b-%$b,!(0,Hbb

!b-!+b&.,-b$'(0b!(0b-(b)+(+&b%%b-!b,"b.'-"(',b(b%%b-!b',,+2b
(%%(+-"('b&!'",&,Ib,.!b,b."(_('+'"' Ib,%"b,!(0,Ib))%"-"('b,!+"' Ib
!-Ib)(%%,Ib'b0!"-(+,Hb!b-!+b&.,-b$'(0b!(0b-(b.,b-!,b-((%,b"'bb02b-!-b
"'/(%/,b%+'+,b'b)+(/($,b-!(. !-Hbb

!b-!+V,b ."b''(-b+)%b-!b)+,'-+V,b ."b).%",!b2b-!b/'(+b(b-!b

&-"' b-((%Ib.-b"-b'b,.&&+"3b-!b&(,-b"&)(+-'-b()+-"(',Hb

H@<19>
8?G
D?
=?45B1D5
49C3ECC9?>C

b",.,,"('b)%2,b'b"&)(+-'-b+(%b"'b-!b(.+,Ib-!b-!+b&.,-b,-%",!b",.,,"('b
-!+,Ib$"$b(b-!b",.,,"('Ib'b$)b"-b ("' Hb $b,.+b-!+,b$'(0b!(0b-(Jb

,-%",!b,-'+b-!+,b,.!b,b '-+(.-"('Ib
&"'",-+-"/b.))(+-Ib!'"%b
.))(+-Ib'+%b(&&'-,Ib'b-.'-b (.' Hb

,-%",!b-!+,b-(b,.))(+-b"'"/".%b&-"' ,b'b%+'"' b-"/"-",Hb


',0+b*.,-"(',b+(&b%+'+,Hb

(,-b+,(.+,Ib,.!b,b++'b&-+"%,b'b-&)%-,Ib'b(+b%+'+,b-(b
(&)%-b-"/"-",Hb

)I<<12EC

(+b/"+-.%b%,,+((&b(.+,,Ib-!b,2%%.,b",b-!b,$%-('b-!-b+-".%-,b-!b(.+,Hb -b",b
-!b&(,-b"&)(+-'-b) b"'b'b('%"'b(.+,Hb -b,+/,b,b(-!b&'.b'b!(&b) Hb -b
%2,b(.-b-!b,!.%Ib+*."+&'-,Ib'b-"/"-",b(b-!b0!(%b(.+,Hb -b",b-!b('b)%b
0!+b%+'+,b'b"'b%%b-!b+*."+&'-,b(b-!b(.+,Hb!b,2%%.,b&2bb%(' Ib.-b
"-b,!(.%bb%+%2b(+ '"3b'b--+-"/%2b(+&--Hb

-85>
4?
I?E
>554
1
CI<<12EC

/"' b-. !-b(3',b(b('%"'b%,,,Ib b''(-b"& "'bb,"-.-"('b"'b0!"!bb,2%%.,b",b
'(-b-!b&(,-b/%.%b(.&'-b"'bb(.+,Hb -b "/,b,-.'-,bb,b!(&b,b+(&b
0!"!b-(b,-+-Hb!2b$'(0b-!-b-!b,2%%.,b0"%%b"+-b-!&b-(b/+2-!"' b',,+2b-(b
),,b-!b(.+,Hb!b,2%%.,b'b%,(b)+(/"b'b(/+/"0b(b-!b(.+,b'b,-b-!b
('-1-b(+b-"/"-",Hb -b,!(0,b!(0b-!b(.+,b",b(+ '"3b'b!(0b!b(&)(''-b"-,b
"'-(b-!-b0!(%Hb -b',0+,b-!b*.,-"('IbW!+b&b MXb!b,2%%.,b,+/,b,bb0%%_
(+ '"3b(.+,b&'.Hb2)+%"'$,b(''-b%+'+,b"+-%2b-(b%%b)+-,b(b-!b(.+,Hb

-81D
D85
CI<<12EC
C8?E<4
3?>D19>

+b",bb,&)%b-!-b('-"',b&(,-b(b-!b%&'-,b'b(+b'b-"/b,2%%.,Hb!b
'(-,b-(b-!b+" !-b%%b-!b('-'-b'b,. ,-b%-+'-"/,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b

#.&H(H#(.# 3#(!H
#( ),'.#)(H
b

#(%-H.)H"H1%B-H0(.-H

(!$
%'
) 
+!')*"
"(('%%#

(H.)H).",H'.,#&-H
.,b-!b,2%%.,b&2bb
*."-b%(' Ib"'%.bb%(%b-%b
(b('-'-,b0"-!b'-+",b%"'$b
-(b,-"(',b(b-!b) Hb

$.#0-H
&"'b%+'+,b0!-b-!b
(.+,b",b%%b(.-Hb

)/.H."H)/,-H
"'$b-(b&-+"%,b(.-b-!b
(.+,b-!-b-!b%+'+b&2b
'b-(b++b-(b(+b(+b0!"%b
-$"' b-!b(.+,Hb

%H#(.# #,H

0(.-<H,#(!-<H(H.#0#.#-H
H
0(.-b+b+%_-"&b&-"' ,Hb
!2b'b"'%.b/"(_
('+',Ib!-b,,,"(',Ib'b
(-!+b%"/b/'-,Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
H
#(!-b+b&-+"%,b%+'+,b
&.,-b+b(+b/"0Hb!2b&2b
"'%.b%(%b(+b '-+'-b
&-+"%,Hb(&b&2bb,"&)%b
b) ,Ib0!"%b(-!+,b+b
%(+-b&.%-"&"b
)+(.-"(',Hb
b
b
.#0#.#-b+b-!"' ,b)()%b(Hb
Q$,b;b'b<b+b,"&"%+Rb
-"/"-",b&2b!/b%"',Ib
.-b%+'+,b'b '+%%2b
(&)%-b-"/"-",b('b-!"+b(0'b
,!.%Hb
-"/"-",b"'%.b
-,-,Hb
b
'b/'-,b(+b
-"/"-",Ib"'%.b
&"%,-(',b(+b"'-+&"-b
)+(.-,b(+bb&.%-"_0$b
)+(#-Hb

b
/,,#(!H0(.-H
",-b/'-,b'b-"/"-",b-!-b
(.+b!b0$Ib,.!b,b%,,b
&-"' ,Ib%-.+,Ib!-,b'b
b (-!+b,!.%b&-"' ,Ib'b
%b,,,"(',Hb
H
-)/,-H
",-b+,(.+,b%+'+,b&2b"'b
.,.%b0!"%b-$"' b-!b(.+,Hb
H
).-H
'%.b'2b'(-,Ib.-"(',Ib
0+'"' ,Ib(+b(-!+b&-+"%b-!-b
2(.b'b-(b+"' b-(b-!b
--'-"('b(b%+'+,Hb
b

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b
5CD
@B13D935C
6?B
1
CI<<12EC

b!/b,'b(.+,,b,/b2bb+/","('b(b-!b,2%%.,a"-b",b-!-b"&)(+-'-Hb"/b-!b
!.&%b,2%%.,b-!b--'-"('b"-b,+/,Hb

%H."H-3&&/-H)'*,"(-#0Hb ",-b%%b-"/"-",Ib+,(.+,Ib,.))(+-b('--,Ib'b


&"'",-+-"/b+*."+&'-,Hb "'$b-(b&'-"('b(.&'-,b'b(+.&b-!+,Hb '%.b

(!$
%'
) 
+!')*"
"(('%%#

)!('b'.&+,b'b_&"%b+,,,b(b.%-2b'b,.))(+-b,-Hb
'b+&&+b-(b-,-b
%%b%"'$,Ib_&"%b+,,,Ib'b)!('b'.&+,Hb

,!(#4H."H)/,-H#(.)H#.G-#4H"/(%-Hb b%+'+,b+b "/'b-!b(&)%-b,-b(b

(.+,b&-+"%,b+(&b-!b,-+-Ib-!b/+2b&,,b(b-!b&-+"%,b&2b",(.+ b(+b
(/+0!%&b-!&Hb,b-!b,2%%.,b-(b"/"b-!b&,,b(b(.+,b&-+"%,b"'-(b
.'+,-'%b)",Ib,(+-b-!b)",b"'-(b%( "%b- (+",Ib++' b-!b)",b"'-(b
&'"' .%b%+'"' b,*.',Ib'b,-b'b))+()+"-b,!.%b(+b&,-+"' b-!&Hb

/'b"b2(.b(b'(-b"'%.bb(+&%b,2%%.,Ib-b%,-b,. ,-bb,*.'b'b,!.%b(+b
(',.&"' b-!b&-+"%,a'b%+%2b",-"' .",!b!" !_)+"(+"-2bW+*."+Xb&-+"%,b+(&b
()-"('%b(',Hb

*# 3H2.H.-Hb!'b(,b-!b0$b'b'b "'Mbb+.%b(.-b"'-+'-"('%b

"+',b'b-"&_3('b,!"-,Hb
$,,2:
),.05
1<:;
7(:;
40+50./;
65+(@
469505.B"

b)+-"%Ib"%%b"'b-.%b-,b+-!+b-!'b#.,-b,2"' b$b9Ib$b:Ib-Hb

#(%H.)H0,3."#(!Hb(b'(-b+*."+b%+'+,b-(b (b,+!"' b(+b&-+"%,b&'-"('b"'b-!b

,2%%.,Hb "'$b-(b-!b&-+"%,b,(b-!-b%+'+,b'b#.&)b-(b-!&Hb(+b%-.+,b'b
('+',Ib%"'$b-(b-!b&-"' b,"-Hb(+b-"/"-",Ib%"'$b-(b-!b(+&b%+'+,b&.,-b"%%b"'b
'b,.&"-b-(b(&)%-b-!b-"/"-2Hb

&!H,+/#,H#.'-Hb,bb",-"'-"/b"('b(+b+*."+b"-&,Hb% b'2b&'-(+2b(+b
-_,)""b-"/"-",b"'b-!b,2%%.,b'b(.+,b''(.'&'-,Hb $b+2,-%b%+b
0!"!b"-&,b-b-!b"'%b +b'b0!"!b(b'(-Hb b'b"-&b",b()-"('%Ib.-b%+'+,b
0!(b)+(+&b-!b-"/"-2b'b0"'b1-+b)("'-,Ib",b-!b-"/"-2b+%%2b()-"('%Mb

)9=@<96I
D1C;C
6?B
<51B>5BC

+'"' b",b!+b.'+b-!b,-b"+.&,-',Hb $b%+'"' b,b,2b,b)(,,"%Hb )b
2(.+b(.+,b,"&)%b,(b%+'"' b",b)+(.-"/b'b""'-Hb

!55@
D85
3<1CC
C=1<<

(,-b-!+,b+(&&'b$)"' b/"+-.%b%,,,b,&%%Ib,2b?b-(b98b,-.'-,Hb(0/+Ib
,&%%b%,,b,"3,b'b-!0+-b('(&"b (%,b-!-b&2b,-bb,+/b2b%+ +b%,,,Hb(.b
&.,-b0" !b-!b"&&"-b+/'.b(bb%+ b%,,b/+,.,b-!b+).--"('b' '+b2b
-!b*.%"-2b(b%+'"' b1)+"',b)(,,"%b"'b"'-"&-b +(.)"' ,Hbb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
b2(.b''(-b(+bb,&%%b%,,Ib-$b,-),b-(b',.+b-!-b%+'+,b+b,-"%%b-+-b,b
"'"/".%,Hb '%.b%(-,b(b,&%%_ +(.)b-"/"-2b,(b-!b,()b(b-!b%,,b(,b'(-b
"'-"&"-b%+'+,Hb

%665B
1
D5HD2??;
?B
5AE9F1<5>D

'b(b-!b&(,-b/%.%b(&)(''-,b(b'b('%"'b(.+,b'bb'b(%b,!"('b
-1-(($Hb

'b-!",b1&)%Ib%+'+,b+b
+++b-(b-1-(($,b-(bb
+b(+b,)""b,," '&'-,Hb

b

b-1-(($b",b&"%"+b-(b%+'+,Hb
'b%-+('"%%2b,,"%b-1-(($b!%),b0"-!b
,,""%"-2b+*."+&'-,Hb+'b++,b(+b-!b%"'b'b,)$b-!b-1-b%(.Hb+"' _
",%b'b+b-!b-1-(($b-(b%+'b0!-b-!2b(.%b'(-b -b+(&b/("b"'b-!b
&-"' ,Hb
'Ib2,Ib,(&b%+'+,b0(.%b+-!+b+bb0%%_(+ '"3b(($b-!'b,-+. %b
0"-!b-!'(%( 2Hbb

(5C@?>4
@B?=@D<I
1>4
B5<912<I

$b'b$)b)+(&",,b-(b).'-.%%2b+,)('b-(b%+'+,Vb_&"%b&,, ,Ib",.,,"('b
(+.&b)(,-"' ,Ib-,-,Ib'b1+",,Hb+b",b,.!bb)+(&",Jb
b0"%%b!$b&2b_&"%b"'b-!b&(+'"' bO")"b-"&Pb'b/'"' b('b0$2,b
('%2Hb b0"%%b,'b(+.&b)(,-"' ,b('b ('2,b'b!.+,2,Hb
%%b1+",,b'b
-,-,b-!-b+b'(-b.-(&-"%%2b,(+b0"%%bb+-.+'b-(b2(.b0"-!"'b-!+b
.,"',,b2,Hb

!",b1&)%b%-,b%+'+,b$'(0b!(0b
,(('b-(b1)-bb+,)(',b-(b-!"+b
_&"%b&,, ,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#





b
-b+%",-"b1)--"(',b(+b+)%",b+(&b-!b-!+Hb
-+b%%Ib,(&b-!+,b&2b0'-b-(b
-$b-!b0$'b(Hb(&b&2bb'"'b-"&b3(',b02b"'bb(.'-+2b0"-!b"+'-b
)(%"-"%Ib.,"',,Ib'b+%" "(.,b!(%"2,Hb
!+,b0!(b0"%%bb.'/"%%b(+bb%(' +b)+"(b,!(.%b++' b(+b,(&('b%,b-(b
!'%b&,, ,b0!"%b-!2b+b02Hb+b-!2b,!(.%b,-b.)b-!"+b_&"%b)+( +&,b-(b



.-(&-"%%2b+,)('b-(b"'(&"' b&,, ,b0"-!bb+)%2b%"$b-!",Jb

(!$
%'
) 
+!')*"
"(('%%#

b0"%%bb(.-b(b-!b("b.'-"%b:?b '.+2Hb b0"%%b',0+b2(.+b&,, b-!'Hb b
2(.b'b'b"&&"-b+,)(',Ib('--b&"'",-+-"/b,.))(+-Hb

%%b%+'+,b0!+b2(.b0"%%b)(,-b+"-"%b''(.'&'-,b'b!(0b(-'b-!2b+b
+,)(',"%b(+b!$"' b-!&Hbb+,('%Hb"/"' b%,,b-!'b<@b!(.+,Vb'(-"b",b,%(&b
,.""'-Hb

51<
G9D8
@B?2<5=
<51B>5BC

(,-b%+'+,b"%" '-%2b).+,.b-!"+b.-"('Hb(&Ib!(0/+Ib1!""-b",+.)-"/b
!/"(+Ib#.,-b,b"'b%,,+((&b(.+,,Hb!b())(+-.'"-",b(+bb!/"(+b+b& '""b
2b-!b)(0+b(b-!'(%( 2Hb$b,-),b-(b',.+b-!-bb0b' +2b(+b('.,b%+'+,b(b
'(-b+."'b-!b1)+"'b(+b(-!+,Hb

9F5
619B
G1B>9>7

$b%+b-(b%+'+,b0!-b!/"(+b",b)-%b'b0!-b!/"(+b",b'(-b)-%Hb

!",b)(+-"('b(bb(%%(+-"('b
)(%"2b--&)-,b-(b!b(bb
!/"(+b2b%2"' b(0'b%+b
+.%,b(+b0!-b$"'b(b
!/"(+b",b1)-Hb

%-!(. !b,.!b+.%,b(b'(-b
)+/'-bb!/"(+Ib-!2b(b
',.+b-!-b-!+b",b'(b
*.,-"('b(.-b0!-!+b,.!b
!/"(+b",b)-%Hbb

b




(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
51<
G9D8
214
2581F9?B

b!/"(+b",b,b++b"'b('%"'b(.+,,b,b"'b-!b%,,+((&a.-b)(-'-"%%2b&(+b
",+.)-"/Hb+b+b,(&b)+(/'b-!'"*.,b(+b%"' b0"-!b&",!/"' b%+'+,Hb

&(H,-*)(--b ),H)'')(HH"0#),,Hb
'-"")-b)+(%&,b'b!/bb
(',",-'-Ib-!(. !-_(.-b+,)(',b+2Hb

/&#-"HH-.(,b ),H"0#),Hb '2b%+'+,b&2b'(-b$'(0b-!b('/'-"(',b'b
1)--"(',b(+b('%"'b%+'"' Hb'(+b)(%"",b(',",-'-%2Hb

))&H) H #,-.Hb/+b+,)('b"'b' +Hb(b'(-b,,.&bb%+'+V,b!/"(+b",b,%,,Hb

,$b0!2Hb+!),b-!b%+'+b0,b" '(+'-b(b-!b+.%,b(+b#.,-b.'%b-(b.,b-!b
-!'(%( 2b,b1)-Hb+!),b-!b%+'+b",b#.,-b-+2"' b-(b -b2(.+b--'-"('Hbb

,)!,--#0&3H,-*)(b.)HH"0#),Hb(%"-%2b+&"'b"+,-_-"&b/"(%-(+,Hb+"/-%2b
(.',%b,+"(.,b(+b+)-b('+,Hb b-!,b%+'+,Vbb!/"(+b('-"'.,Ib(b'(-b
+( '"3b-!&Hb%($b-!"+b!-Hb"'%%2Ib1)%b"'(++" "%,Hb

#-.#(!/#-"H#(.&&./&H#-!,'(.H ,)'H/-#0H"0#),Hb!b%+'+,b-(b
", +b)+(,,"('%%2b'b)(%"-%2Hb
'b-!b-!&b-(b+,)('b-(b% "-"&-b+"-"",&Hb

1>4<5
3?==?>
@B?2<5=C

+b+b,(&b(&&('b)+(%&,b'(.'-+b"'b(%%(+-"/b-"/"-",b'b,(&b
,. ,-"(',b('b!(0b-(b!'%b-!&Hb(+b&(+b,. ,-"(',b(+b!'%"' b)+(%&,b"'b,("%b
%+'"' Ib+bW '-+/'b"'b,,b(bb!/"(+Xb"'b!)-+b@Hb

,)&'H -,#*.#)(HH )&/.#)(H

.)',-H (&b%+'+,b#("'b&-"' ,b'b -+-b&-"' ,b('b-"&Hb(b'(-b

",.,,"(',b%-b'b"',",-b-!-b +_,-+-b(+b%-(&+,Hb("'-b(.-b
-!b'-"+b)+(,,b,-+-b%%b(/+b -!-b-!"+b-+"',,b",b",+.)-"/Hb
 "'Hb b)+)+b(+b,(&b"'-+,-"' b
1.,,Hb

)'#(.#(!H (&b%+'+,b&2b-+2b-(b 'b)+"/-b_&"%b,$b-!b,'+b

(&"'-b-!b('/+,-"('b2b -(b)(,-b*.,-"(',b(+b(-!+,b-(b
"'-"&"-"' b(-!+,b(+b2b-+2"' b ',0+Hb
-b-!b,&b-"&Ib
-(b',0+b/+2b*.,-"('Hb '(.+ b(-!+,b-(b#("'b"'Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#




b
,)&'H -,#*.#)(HH
*''#(!H '"' b,%_,+/"' b&,, ,Ib
,.!b,b/+-",&'-,b'b,%,b
)"-!,Ib-(b-!b0!(%b +(.)Hb
G'#&H)'H (,-"' b&,, ,b," 'b-(b
",+.)-bb +(.)b2b)+(/($"' b
' +2b+,)(',,Hb(&&'-,b('b
(+-"('Ib .'b('-+(%Ib)(%"-"%b
(++-',,Ib,1.%b)++',Ib
(+b'-"('%"-",b+b%%b
.+'-b-(b0+$bb
",.,,"('b(+.&b(+bb0$Hb
#.*#%#(!H +-"")'-,b"'b.%-b0"-!b-!b
0(+$b(b(-!+,b.-b'/+b(+b
,(%.-"(',Hb!2b&2b('-"'.%%2b
)("'-b(.-b-2)(,b'b,&%%b
+&&-"%b++(+,Hb.!b
'"-)"$"' b",-+-,b/+2('b
+(&b-!b,.#-b(b-!b
_%+'"' Hb
&)**#(--H +'+,b+b%32b'b
"'(',"+-b(b(-!+,Hb!2b
(+ -b-(b&.-b-!"+b)!(',b(+b
"/b&'"' .%b,.#-,b-(b-!"+b
&,, ,Hb!2b"%b-(b+b
"',-+.-"(',b'b0+"-b
"'(&)+!',"%b,-+&_(_
(',"(.,',,b'-+",Hb!2b
+)%2b0"-!(.-b+"' b)+/"(.,b
)(,-,Hb
b


)&/.#)(H
'$b-!b&,, b'b+&"'b
-!b,'+b-!-b"-b/"(%-,b(.+,b
)(%"",Hb $b,.+b2(.+b)(%"2b


",b,)""Hb ,b"-b b(+b('b
(!$
%'
) 
+!')*"
"(('%%#

,-.'-b-(b,'bb+,.&b-(b
'(-!+b0!(b",bb)(-'-"%b
&)%(2+Mb'b,-.'-,b++."-b
(-!+b,-.'-,b(+b)+&''-b(+b
)+-_-"&b0(+$Mb
&(/b-!b&,, b'b0+'b
-!b,.&"--+Hb*."+b'b
)(%( 2Hb&"'b(-!+b%+'+,b
!(0b&.!b-"&b-!2b0,-b
(&&'-"' b('b,.!b&,, ,Hb
&"'b'"-)"$+,b-(b(.,b('b
!" !+_%/%b",,.,Hb",(/+b
0!2b-!2b'"-)"$Hb b-!2b%$b
$'(0% b-(b+"-"*.b-bb
!" !+b%/%Ib+(&&'b
)++*.","-b(.+,,Hbb
("'-b(.-b-!-b%+'+,b!/bb
+,)(',""%"-2b-(b%%(0b%+'+,Hb
!(0b!(0b,%())2b%+'+,b+b
0,-"' b-!b-"&b(b(-!+,Hb
',-"-.-bb'-',,_(.'-,b
)(%"2b"'b +"' b-"/"-",Hb
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b

,)&'H -,#*.#)(HH )&/.#)(H

&!#,#-'H +'+,b,.&"-b-!b0(+$b(b ,bb_,b,+/"Ib,.!b

(-!+,b,b-!"+b(0'Hb2)"%%2b
%+'+,b0"%%b#.,-b()2b&-+"%b
+(&b-!bb(+b'b-"/"-2b-!-b
,!(.%b+*."+b(+" "'%b0(+$Hb
,b.+'"-"'bO-.+'"-"'H(&PIb-(b
,)(-b)% "+",&a'b%-b
%+'+,b$'(0b-!-b2(.b(Hb(+b
-!b"+,-b(',Ib1)%"'b-!b
)(%"2Hbb
--+b,-"%%Jb+0(+$b-!b-"/"-2b
,(b"-b''(-bb',0+b2b
,"&)%2b()2"' b"'(+&-"('Hb

)*3,#!".H +'+,b,.&"-b&-+"%b(0'b +'b%+'+,b'b+*."+b

0#)&.#)(-H 2b(-!+,Hb"&"%+b-(b)% "+",&b +)%"' b-!b&-+"%b'b
1)-b-!-b%+'+,b+b/"(%-"' b +("' b-!b-"/"-2Hb
%,(b(%%(0b
%0,Ib'(-b#.,-b-!",Hb -!b,-),b(+b)% "+",&Hb

&'#(!H $"' b.,"/b'b&(-"('%b b-!b--$b",b&"%Ib%-b-!b

--$,b('b,(&('b%,Hb +(.)b%b0"-!b"-b"+,-Hb-)b"'b
,b',,+2Hb*."+b'b
)(%( 2b'b0+'b-!b,'+Hb
b

?<<?G
E@
16D5B
D85
3?EBC5

!b&"+()!(',b+b%%b-.+'b(b'b-!b,+'_,/+,b+b)%2"' Ib.-b%+'"' b'b
('-"'.Hb +'"' b,!(.%b'(-b,-()b-b-!b'b(b-!b(.+,a#.,-b0!'b%+'+,b+b
 "''"' b-(b))%2b0!-b-!2b!/b%+'Hb,b(%%(+-"('b-((%,b-(b%-b-!+,b'b
%+'+,b,-2b"'b-(.!b'b-(b&('"-(+b!(0b,.,,.%%2b$'(0% b "'b"'b-!b(.+,b",b
))%"b('b-!b#(b'b"'b,.,*.'-b(.+,,Hb
"'-"'b(&&.'"-"('b0"-!b%+'+,b-+b-!b%,,b',Hb'(.+ b%.&'"b-(b,!+b
,.,,b,-(+",Ib,$b(+b!%)Ib'b(+b!%)b-(b(-!+,Hb $b"-b,2b'b"'1)',"/b(+b
%+'+,b-(b,-2b"'b-(.!Hb

)b",.,,"('b(+.&,b()'b(+b,-b.)b%.&'"_('%2b(+.&,Hb

"'-"'bb+(,-+b(b%.&'"b0!(b+b0"%%"' b-(b,!+b-!"+b('--b"'(+&-"('Hb $b"-b
/"%%b('%2b-(b(-!+b%.&'"Hb

('.-b%.&'"_('%2b&-"' ,b-(b",.,,b!(0b-!2b+b))%2"' b",b+(&b-!b
(.+,Hb

-b%.&'"b,"-b"'b('b.-.+b(+"' ,b(b-!b(.+,Hb

'/"-b%.&'"b-(b,+/b,b,)"%b-.-(+,Ib&'-(+,Ib(+b-!"' b,,",-'-,Hb

b
 '$!$
-
(!$



(!$
%'
) 
+!')*"
"(('%%#



 

b

$
"%)$
K

"'+,b'b/"+-.%b%,,+((&b(.+,,b.,b(&).-+b'b'-0(+$b-!'(%( ",b-(b
"&)%&'-b-!b,-+.-.+b'b-"/"-2b(b('/'-"('%b%,,+((&b(.+,,Hb



)E==1BI

(!$
%'
) 
+!')*"
"(('%%#


,bb"'+b-(b(&)%",!b('b,"&)%b%+'"' b(#-"/Ib-(b&-bb('_-"&b'Ib(+b
-(b-!bb,"' %b +(.)b(b%+'+,Hb

,bb/"+-.%b%,,+((&b(.+,b0!'bb-!+b",b',,+2b-(b&(-"/-b%+'+,Ib
&('"-(+b-!"+b)+( +,,Ib'b',0+b-!"+b*.,-"(',b"&&"-%2Hb+b0!'b-!b
",")%"'b)+(/"b2bb&"%"+b,-+.-.+b'b)+b)+,,.+b",b',,+2b-(b&(-"/-b
%+'+,Hb

.%",!bb(&)+!',"/b,2%%.,b%",-"' b%%b-!b/'-,Ib-"/"-",Ib'b+"' ,b(b-!b
(.+,Hb "'$b-(bb) ,Ib(+&,Ib'b(-!+b+*."+b+,(.+,Hb "$0",Ib"'%.b
%"'$,b-(b-!b+(,-+Ib)(%"",Ib+*."+&'-,Ib +"' b+"-+"Ib",.,,"('b(+.&Ib'b(-!+b
+,(.+,b(b-!b(.+,Hb


-"/%2b('.-b-!b%,,Hb!b-!+b,!(.%b('--b)+-"")'-,b"+-%2Ib$)b-!&b
('b,!.%b'b(.,b('b-!b(.+,Ib'b&' b(%%(+-"/b-"/"-",Hb

%'b%"/b/'-,b+.%%2Hb
!b(b-"&Ib,," 'b+(%,Ib%%(-b-"&Ib,)%%b(.-bb
)+(-((%b(+b),,"' b('-+(%Ib+!+,b-!b/'-Ib'b,'b&-+"%,b'b.+"' b-!b
/'-Hb

)b%"/b/'-,b%"/%2Hb+2b-!b)+,'--"('Hb*."+b%+'+,b-(b)+-"")-Hb

(%%(0b-!,b()b98b,-b)+-",b(+b/"+-.%b-!+,Jb
9H
+)+b0%%Jb(b'(-b-+2b-(b0"' b"-Hb
:H
!+,Ib+!+,Ib+!+,bLb'b-!'b+%1Hb
;H
,,b)+,'--"('Ib&(+b-"/-"('Hbb
<H
!$b2(.+b (b-b-!b((+Hb
=H
(-"/-Ib&(-"/-Ib&(-"/-Hb
>H
."$%2b%b0"-!b.%%",Ib" (-,Ib'b.--!,Hb
?H
',",-b('b)+(,,"('%Ib.%-b%+'"' b!/"(+,Hb
@H
'(.+ b,-.'-,b-(b%+'b+(&b!b(-!+Hb
AH
!.%b(+b-!b('/'"'b(b2(.+b%+'+,Hb
98H
('"-(+b%+'+,Hb+b!/b,(&('b%,b(b,(Hb

b
 



(!$
%'
) 
+!')*"
"(('%%#



'$!$
-
(!$


b
?B
=?B5
K

(+b&(+b",b('b!(0b-(b-!b-"/%2b"'b-!b/"+-.%b%,,+((&Ib(',"+b.,"' b,(&b(b
-!b-"/"-",b1)%"'b"'b!)-+,b:Ib;Ib'b<Hb/'b-!b,2'!+('(.,b(',b'bb
)-b(+b.,b2bb-!+Hb
(b"'b&(+b('b," '"' b'b%"/+"' b/"+-.%_%,,+((&b(.+,,Ib,+!b-!bb(+b
(&"'-"(',b(b-!,b-+&,Jb+')*!8!(('$$"38$#!#8")#Ib'b(.#'$#$*(H7!'##Hb

%,(b,+!b.'+b-!b'&,b(b"'"/".%b(%%(+-"('b-((%,Ib,.!b(8%%!)$#8('#38
,)$'38+$7$#'##Hbb,.+b-(b-+2b%-+'-"/b,)%%"' ,Ib,)"%%2b(+b(&)(.'b
-+&,Hb

(+b('%"'b&-"' ,Ib2(.b0"%%b'b'b('%"'b&-"' b-((%Hb!+b+b&'2b-(b!((,b

+(&Hb+b+bb0b)().%+b(',b-(b -b2(.b,-+-Hb


(b(''-bO000H(H(&PHb

%%.&"'-bO000H%%.&"'-H(&PHb

(("'+bO000H (-(&-"' H(&PHb

"/b -"' bO("H&"+(,(-H(&PHb

1bO000H1H(&PHb

"+-.%b,!((%b-((%,b)+(/"b'b'-"+b)$ b(+b&-"' ,Ib",.,,"('Ib'b(-!+b

(%%(+-"/b-"/"-",Ib%%b,-+.-.+b,bb&"%"+b,!((%b(+b&).,Hb

((%bO000H&((%H(+ PHb

H bO000H(-%+'H(+ PHb

%$(+bO000H%$(+H(&PHb

,"+: +'bO000H,"+:%+'H(&PHb

(%% bO000H(%% H(&PHb

b
 b
E-Learning by Design, 2nd Edition
by William Horton
Copyright © 2012 John Wiley and Sons, Inc.

?>3<EC9?>

b

!b.-.+b(b_%+'"' b

_%+'"' b",b'(-b#.,-bb!' b(b-!'(%( 2Hb -b",b)+-b(bb+"'"-"('b(b!(0b0b,bb

,)",b-+',&"-b$'(0% Ib,$"%%,Ib'b/%.,b-(b2(.' +b '+-"(',b(b0(+$+,b'b
,-.'-,Hb b0"%%b'b-!",b(($b2b+"' b-(b&$bb0b)+"-"(',b(b!(0b_%+'"' b'b
-!b.'-"(',b"-b,+/,b0"%%b('-"'.b-(b/%()Hb

%-
-
-""
"($

-85B5
G5
1B5
851454

!b'0b&(%,b%b.,b-(b,(&b"'-+,-"' b'0b/","(',b(b!(0b.-"('b0"%%bb
*."+b"'b-!b.-.+Hb'b,'+"(b (,b%"$b-!",Jb

H
H
 



%$"*(!%$



'$!$
-
(!$


b
+'+,b0"%%b!/b,,b-(b&"%%"(',b(+b"%%"(',b(b$'(0% b&(.%,Hb(&b0"%%bbb
) ,b0"-!b,"&)%b-1-b'b +)!",Hb-!+,b&2b"'%.b&.%-"&"b,"&.%-"(',Hb(&b
&2b(',",-b(b(.)(',b(+bb/"(_('+'b0"-!bb!.&'b1)+-Hb
!'b%+'+,b!/bb'b(+b$'(0% Ib-!2b0"%%b'  b"'bb" '(,-"b)+(.+Hb
!",b" '(,",b&2bb)+(+&b"'bb0b''(,(',b2b'b% (+"-!&b"'b-!"+b
(&).-+,Hb+b-!",b" '(,",b&2b"'/(%/b-$"' b'b1&b(+b"%%"' b(.-bb*.,-"(''"+b-(b
,,,,b-!"+b.++'-b$'(0% b%/%b+%-"/b-(b-!"+b'b%/%Hb -b&2b"'/(%/b0(+$"' b
0"-!bb(.',%(+b(+b/",(+b(/+bb)+"(b(b2,Hbb
!b+,.%-b(b-!",b" '(,",b0"%%bbb+*.,-b-(bb-,b('-"'"' b&"%%"(',b(+b"%%"(',b
(b$'(0% b&(.%,Hb!b'b&(.%,b0"%%bb+(.'b.)b'b!+b"'-(bb
,-+.-.+b(&)+","' bb%,,('b(+b(.&'-b.,-(&_-"%(+b-(b-!b',b(b-!b"'"/".%b
0!(b+*.,-b"-Hb

!",b2%b(b+*.,-"' b'b+"/"' b$'(0% b&2b-$b)%b(3',b(b-"&,bb2Hb

!b.,-(&b,-b(b1)+"',b&2b-$b&"'.-,b(+b&('-!,b-(b(',.&Hb!b+,.%-Ib
-!(. !Ib0"%%bbb,!"-b+(&b&,,_&'.-.+b-(b!'+-b.-"('Hbb

?G
G5
G9<<
75D
D85B5


,b"'-+,-"' b,b0!+b0b+b ("' b",b-!b#(.+'2b0b0"%%b-$b-(b -b-!+Hb+b+b
,(&b)+"-"(',b(b,("%b'b-!'(%( "%b!' ,b0b'b1)-Jb

_%+'"' b0"%%bb02Hb_%+'"' b!,b'-+b-!b&"',-+&Hb 'b&'2b"%,Ib
_%+'"' b!,b(&b-!b.%-b02b-(b('.-b-+"'"' b(+b-(b)+(/"b.-"('Hb
0b+,b+b.'0+b(b"-,b'"-,Hb!b*.,-"('b(b0!-!+b-(b.,b_%+'"' b0"%%bb
+)%b2bb","('b(b0!-b-2),b(b%+'"' b1)+"',b,-b(&)%",!b (%,Hb!b
&)!,",b0"%%b+"-b$b-(b%+'"' Hb
'b_%+'"' b0"%%bb%%b-!b,-+(' +Hb


/',b0"%%b(&b&(+b'b&(+b+(&b +,,+((-,b," '+,Ib/%()+,Ib'b
%+'+,Hb!b,.,,b(b)+(#-,b%"$b"$")"b,!(0,b-!b)(,,""%"-2b(+b(',.&+,b(b
"'(+&-"('b-(b+-b-!"+b(0'b(.&'-,Hb '2b,&%%b(+ '"3-"(',b!/b(.'b
,.,,b"'b.,-(&"3"' b()'_,(.+b-((%,b-(b&-b-!"+b(0'b',Hb(&&.'"-",b(b
," '+,b,!+b-!'"*.,Ib-"),Ib'b"',)"+-"('Hb

_%+'"' b0"%%b +(0b2b"'(+)(+-"' b-!'"%b'b,("%b)+( +,,Hb0b)+(.-,Ib
-+',Ib'b"''(/-"(',b+(&b"%,b%"$b'-+-"'&'-b'b&,,b(&&.'"-"('b0"%%b
('-"'.b-(bb)-b(+b.,b"'b.-"('Hb .,-b,b."(b,b%b-(b_ b'b
-!b '-+'-b-(b_,b-+"'"' Kb-(2b&("%b)!(',Ib/"( &,Ib'b,("%b
'-0(+$"' b+b('-+".-"' b'0b)(,,""%"-",b-(b_%+'"' Hb(b-((b0"%%b-!b
-!'(%( "%b/',b'b,("%b,b(b-!b.-.+Hb

b
 '$!$
-
(!$



%$"*(!%$



 

b

-*
)
*%
&&$

(+b_%+'"' b-(b('-"'.b-(b/'Ib'b'(-b,- '-Ib)+-"-"('+,b&.,-b('-"'.b-(b
"''(/-b'b"',-"-.-"(',b&.,-b&+b-!b'"-,b-!-b_%+'"' b(+,Hb




" "-%b'-"/,b(+b-!b" "-%%2b%.'-b&.,-b!"/b)(,"-"(',b(b)(0+b"'b%%b"',-"-.-"(',b

%$"*(!%$



+(&b,!"))"' b%+$b-(b!"+&'b(b-!b(+Ib+(&b%(%b,!((%_(+b&&+b-(b
.'"/+,"-2b!'%%(+Ib'b+(&b"-2b(.'"%b-(bLbO b%&(,-b0+(-bW!"-b(.,IXb.-b
-!'b b+&&+b-!b"'"'-b0!+b+,"'-_%-b&V,b"',",-'b('b
('-"'."' b-(b.,b!",b%$++2b.,bb)'"b&(' b-!b+-b+/"b'b!"-b
(.,b-!'"%b,-HPbb

," '+,b&.,-b"',",-b('b.'&'-%b"',-+.-"('%b," 'b'b'(-b#.,-b+&b('-'-b
"'-(b.-!(+"' b-((%,Hb
-b/+2b,- Ib0b&.,-b,$IbW!2b&b b("' b-!",Mb(0b(,b"-b
!%)b&2b%+'+,b-(b%+'MXb

," '+,b&.,-b)-b,("%b%+'"' Ib&("%b%+'"' Ib'b%+'"' b &,b,b/%"b
(+&,b(b_%+'"' Ib)%(2b-!&b0!+b-!2b0(+$b,-Ib'b,-+"/b-(b," 'b-!&b0%%Hb

'b," '+,b&.,-bb()'b-(b'0b",b0!"%b/(""' b!,"' b,b(+b)().%+"-2V,b
,$Hb

b&.,-b+"'b%+'"' b,b"' b-(b)()%V,b)"%"-",b+-!+b-!'b+&&"' b
"'(+&-"('b"'-(b-!"+b%(' _-+&b&&(+2Hb!b(.,b&.,-b,!"-b+(&b0!-b)()%b
$'(0b-(b0!-b-!2b'b(a%%b-!b-!"' ,b-!2b'b(&)%",!b%('b'b%%b-!b-!"' ,b
-!2b'b(&)%",!b0"-!b/+2-!"' b-!2b'b,,b%-+('"%%2Ib"'%."' b++'b
&-+"%,b'b,("%b'-0(+$,Hb

)(*)
%
"($$
)$

V/b-.$b(.+b,+-,b!+Hb(.b(.'b-!&b.,b2(.b!/b)+,",-b-!+(. !bb/+2b
%(' b(($b(+b%,b0+b,&+-b'(. !b-(b%")b-(b-!b%,-b) Hb!,b,+-,b+b,)"%b
"'," !-,Ib'(-b(&&('%2b$'(0'b(+b0"%2b)+-"Hb!2b)+(/"b%/+ b)("'-,b0!+bb
%"--%b(+-b!,b+_+!"' b+,.%-,Hb!2b'b(+&b-!b,",b(+bb,.,,.%b++b"'b
_%+'"' b," 'Hb!2b+)+,'-b+,b0!+b2(.+b+-"/"-2b'b)+,",-'b+b
+0+b'b0!+b2(.b'b&$b," '""'-b)+( +,,Hb

!b"+,-b,+-b",b-(b-!b0!-b%+'+,b'b-(b%+'b"'b-!b02b-!2b&(,-b'-.+%%2b
%+'Hb(b(b,(Ib0b'b-,-b+%b%+'+,b"'b+%b,"-.-"(',Hb
b-!'"*.b(+b("' b-!",b",b
1)%"'b"'b-!b
))'"1Ib+" !-b-+b-!",b!)-+Hb
!b,('b,+-b",b-(b"'b%+b%+'"' b(#-"/,Hb+b-!b-+&b,+-b",bb"-b"+('"b
,b%%b"',-+.-"('%b," 'b&-!((%( ",b)+!b-!",b.-b0b)+(#-,b)+-"b"-Hb!b$2b
",b'(-b#.,-b-(b"'b(#-"/,b,bb!$_(b"-&b"'bb%",-b(b-,$,Ib.-b%,(b-(b).-b-!b

b
 



%$"*(!%$



'$!$
-
(!$


b
(#-"/,b-(b0(+$b-(b ."b'b"'(+&b/+2b","('b('b-!b)+(#-Hb%+b(#-"/,b+b
%"$bb'/" -"('b(+b2(.+b)+(#-Hb
!b-!"+b,+-b."%,b('b-!b"+,-b-0(Hb -b",b-(b(.,b('b-!b+" !-b(#-"/,Hb((b&'2b
)+(#-,b&+%2b-!b)()%b-(b+"-b-,b'b" .+,b(+b-(b(%%(0b+(-b)+(.+,Hb
(2Ib)()%b'b%(($b.)b"'(+&-"('b'b,"&)%b)+(.+,Hb(2b0b'b-(b-!b
)()%b-(b+-b-!"' ,b'b-(b&$b"".%-b","(',Hb
'b-(b(b,(Ib0b(-'b!/b-(b
--'b-(b0!-b)()%b%"/b'b%Ib'(-b#.,-b0!-b-!2b$'(0Hb

!b"'%b,+-b",b"'b-!b)(0+b(b-,-"' Hb'%2bb,&%%b)+'- b(b_%+'"' b-(2b

"'(+)(+-,b/%"b-,-"' Hb
b&+b+"-%b(b-,b",b,%(&b/%"b-,-"' Hb%"b-,-"' b
+*."+,b)+(+&'b(b-!b-.%b%+'"' b(#-"/bO+&&+b,+-,b:b'b;NPHb%"b
-,-"' b&,.+,b%+'"' Hb -b'b&(+b)+",%2b-+ -b%+'"' b-"/"-",Hb -b)+(/",b
%+'+,b0"-!b/"-%b$b'b," '+,b0"-!b'b,,,,&'-b(b-!b-"/',,b(b-!"+b
_%+'"' Hb!b)(0+b(b-,-"' b",b&)%""b0!'b0b/%()b-,-,b(+b('-'-Hb!-b
02b-,-,b&$b(#-"/,b&(+b('+-b'b,)""b,(b-!2b'b--+b ."b-!b
/%()&'-b(b%+'"' b-"/"-",b'b&"Hb

+)*
*
$$$


b+b#.,-b-b-!b "''"' b(b_%+'"' Hbb+b.,"' b+,"('b9I;><I:@?H<H>b(b%,,+((&b
%+'"' Hb -b",b!" !%2b+"'b'b""'-Hbb+b('%2b('b+,"('b:H8b(b_%+'"' Hb -b",b
+.Ib. 2Ib'b.%%b(b%"&"--"(',Hb.-b/+2b2b"-b -,b--+Hb+-"/b," '+,b+b
#.,-b'(0b0+&"' b.)Hbb

b'V-b0"-b-(b,b0!-b2(.b(Hb

b
 E-Learning by Design, 2nd Edition
by William Horton
Copyright © 2012 John Wiley and Sons, Inc.

@@5>49H

CC5>D91<9C=

!b#.,-b0!-b)()%b'b-(b%+'b
,,'-"%",&b%%,b('b.,b-(b-!b-!b,,'b(b'2b,.#-b+-!+b-!'b.'"&)(+-'-Ib
",-+-"' Ib'b)+")!+%b-"%,Hb2b-!"' b,,'-"%,Ib0b'%b%+'+,b-(b&,-+b-!b
,.#-b*."$%2b'b,.+%2Hb

))$*"
))$*")#


-b%%b,- ,b(b," 'Ib2(.b&.,-b,$b2(.+,%IbW!-b(b%+'+,b'b-(b%+'MXb

'%23"' b%+'+,Vb',a,b0%%b,b-!"+b)(-'-"%b'b%"&"--"(',a+*."+,b+.%b
,-.2Hb!b&(,-b""'-b'b+%"%b&-!(b(b"'-"2"' b#.,-b0!-b2(.b'b-(b-!b",b
-(b-,-b)(-'-"%b%+'+,b"'b-!b'/"+('&'-b"'b0!"!b-!2b&.,-b))%2b%+'"' Hb

b
/+b-!b2+,Ib b!/b+"'b-!",b)+(,,b-(bb,"&)%Ib*."$Ib'b"'1)',"/b)+(.+Hb
(.b -!+bb)"+b(b-,-b,.#-,b-(b,"&.%-b-!(,b0!(b'b-!b,$"%%,Ib$'(0% Ib'b
--"-.,b2(.b+b!+ b0"-!b('/2"' Hb(.b).-b-!&b"'b-!b'/"+('&'-b"'b0!"!b
-!2b&.,-b)+(+&b-,$,b-!-b+*."+b-!(,b,&b,$"%%,Ib$'(0% Ib'b--"-.,Hb(.b
"/b-!b-,-b,.#-,b'(b-+"'"' b(+b(-!+b+,(.+,b-!2b0(.%b'(-b!/b"'b-!b+%b

H
H
 


&&$!,
(($)!"!(#



'$!$
-
(!$


b
'/"+('&'-Hb(0/+Ib2(.b(b+"' b"'bb,.#-_&--+b1)+-b0!(b'b',0+b'2b
*.,-"(',b-!b-,-b,.#-,b&2b!/Hb
(.b "'b-!b-,-b2b,," '"' b-!b)"+bb+%",-"b-,$Hb!b-,-b,.#-,b)+(b.'-"%b
-!2b%b-!b'b(+b!%)Hb
-b-!-b)("'-Ib-!2b&2b,$bb*.,-"('Hb!b1)+-b',0+,b-!b
*.,-"('b.-b(,b'(-b/(%.'-+b"'(+&-"('Hb!b-,-b,.#-,b-!'b)+)!+,b-!b
1)+-V,b',0+b-(b&$b,.+b-!2b.'+,-((Hb!b,.#-,b)+(b.'-"%b-!2b'b!%)b
 "'Hb!+(. !(.-b-!b-,-Ib2(.b-%( b-!b!%)b+*."+b2b-!b-,-b,.#-,Hb

'+,-'"' b!(0b%+'+,b-!"'$b(.-b-!"' ,b'b!(0b-!2b++b-(b-!&bO,b,!(0'b2b

-!b-,-b,.#-,Pb0"%%b)+(/b.,.%b"'b/%()"' b$'(0% b)+(.-,b(+b-!&Hbb
-b+%%2b",b-!-b,"&)%Hbb

)*
+&
*
*)*

(b)+(+&b'b,,'-"%",-b'%2,",Ib2(.b0"%%b'b"/b&"'b"' +"'-,Jb

-.H-/$.-b0!(b+)+,'-b2(.+b%+'+,Hb!,b-,-b,.#-,b,!(.%b!/b-!b,&b
"%"-",b'b&(-"/-"(',b,b2(.+b"'-'b%+'+,Hb

-%-b-!-b+*."+b0!-b2(.b+b!+ b0"-!b-!"' Hb!,b-,$,b,!(.%b+*."+b
(&)%",!"' b-!b-()b%+'"' b(#-"/b(b2(.+b)+(#-Hb

(0#,)('(.b-!-b,"&.%-,b0!+b%+'+,b0"%%b))%2b%+'"' Hb--"' b.)b-!b
'/"+('&'-b&2b+*."+b-!b)!2,"%b,)Ib.+'"-.+Ib'b-((%,b/"%%b"'b-!b+%b
,"-.-"('Hb!b'/"+('&'-b&2b%,(b"'%.b(-!+b)()%b-(b)%2b+(%,b"'b)+(+&"' b
-!b-,$Ib,)"%%2b-,$,b)+(+&b"'bb,("%b,--"' Hb

)/,-H) H#( ),'.#)(b-!-b+b,,"%b"'b-!b+%b,"-.-"('Hb 'b-!b-,-Ib-,-b,.#-,b
&2b'b,,b-(b%%b-!b+,(.+,b-!2b(.%b.,b"'b-!b+%b0(+%b-(b',0+b
*.,-"(',b'b(/+(&b(,-%,Hb!,b,(.+,b&2b"'%.b)+(.-b(.&'--"('Ib
b,"&.%-b!%)b%"'Ib)!('b,,b-(b+"',b'b(_0(+$+,Ib'b,,b-(bb,("%b
'-0(+$b(b)(-'-"%b/",(+,Hb

2*,.b0!(b'b',0+b*.,-"(',Hb!b1)+-b&.,-b$'(0b!(0b-(b)+(+&b-!b-,$b'b
',0+b*.,-"(',b(.-b-!b-,$Hb

)+&(,)
*
*)*

"+-"' b-!b-,-b+*."+,bb%" !-b!'b'bb0-!.%b2Hb,-b,.#-,b&.,-b%b"'b
('-+(%b,(b-!2b-b'-.+%%2Hb+b+b-!b,-),b-(b(%%(0b"'b('.-"' b-!b-,-Jb
9H
,*,H."H.-.H-/$.-Hb $b-!b-,-b,.#-,b(&(+-%b'b('"'-Hb '-+(.b
2(.+,%b'b-!b1)+-Hb/b,.#-,b"'-+(.b-!&,%/,Hb"/b-,-b,.#-,bb%"--%b
-"&b-(b -b-(b$'(0b!b(-!+Hb&"%"+"3b-!&b0"-!b-!b)!2,"%b'/"+('&'-b(b-!b

b
 '$!$
-
(!$


&&$!,
(($)!"!(#





b
-,-b'b-!b+,(.+,b-!2b'b%%b('b.+"' b-!b-,-Hb&&+b-(b -b0+"--'b
)+&",,"('b-(b+(+b-!b-,-Hb
:H
2*&#(H."H,/&-Hb!b+.%,b(b,,'-"%",-b-,-"' b+b,"&)%b'b0Jb
H
-.H-/$.-b'b(b0!-/+b-!2b%b',,+2b-(b(&)%",!b-!b (%Hb



H
2*,.-b'b',0+b*.,-"(',b.-b&.,-b'(-b/(%.'-+b"'(+&-"('Hb

&&$!,
(($)!"!(#



H
"H.-.H)(/.),b,!(.%b'(-b"'-+.Ib1)-b0!'b',,+2b-(b$)b-!b-,-b('b
-+$Hb
;H

--#!(H."H.-%Hb1)%"'b-!b (%b(b-!b-,$b%+%2b-(b-!b-,-b,.#-,Hb
',0+b'2b
*.,-"(',b-!2b!/b(.-b-!b (%b.-b(b'(-b "/b'2b!"'-,b-!2b0(.%b'(-b+"/b
"'b-!b+%b-,$Hb&"'b-!&b(b'2b+,-+"-"(',Ib,.!b,bb-"&b%"&"-Hb",!b-!&b%.$b
'b "'b-!b-,-Hb
<H
)(#.),H."H.-.Hb,+/b,b-!b-,-b,.#-,b)+(b-(0+b-!b (%Hb!'b-!2b
'(.'-+bb)+(%&Ib-!2b0"%%b-+2b-(b"'bb,(%.-"('Hb -b-!&Hb b-!2b,$bb*.,-"('b
(b-!b1)+-Ib&$b,.+b-!b1)+-b',0+,b.%%2Ib.-b(,b'(-b/(%.'-+b"'(+&-"('b
'(-b,$b(+Hb
=H
)(&/H."H.-.Hb!'b-!b-,-b,.#-,b+!b-!b (%a'b+( '"3b-!-b-!2b
!/b&-b-!b (%a%%bb!%-b-(b-!b-,-Ib,-()b+(+"' Ib'b-!'$b/+2(2b
"'/(%/Hb

!b+(%,b(b-!b-,-b,.#-,Ib1)+-Ib'b-,-b('.-(+b+b.+-!+b1)%"'b"'b-!b
(%%(0"' b,-"(',Hb

*85
B?<5
?6
D5CD
CE2:53DC

!b(%%(0"' b",b-!b+""' b "/'b-(b-,-b,.#-,b(+bb-,-Hb

-.H-/$.-H

(.+b+(%b"'b-!",b-,-b",b-(bb2(.+,%Hb2b("' b,(b2(.b0"%%b!%)b.,b," 'b-!b&(,-b

-"/b%+'"' b)(,,"%Hb )b-!,b)("'-,b"'b&"'Jb

)/H,H#(H",!Hb 'b-!b-,-Ib'(-!"' b.$*b(b",b0+(' Hb!+b",b'(b02b.$*b'b"%Hbb


)'*&#-"H."H!)&b2b0!-/+b)-!b2(.b'b2(.+b)+-'+b,b"-Hb b-!+b+b'2b
+,-+"-"(',Ib,.!b,b0!-b-((%b-(b.,b(+b!(0b%(' b2(.b!/b-(b(&)%-b-!b-,$Ib
-!,b0"%%bb,)%%b(.-b-(b2(.b(+b-!b-,-b "',Hb-!+b-!'b-!,b,)""b
%"&"-,Ib2(.b+b+b-(b(&)%",!b-!b-,$b2b0!-/+b&-!(b2(.b)++Hb

.H"&*H1"(H3)/H(H#.;H%b+b-(b,$b"'(+&-"('b2b0!-/+b&',b,&b
&(,-b'-.+%b-(b2(.Hb(.b'b",.,,b-!b",,.b0"-!b2(.+b)+-'+Hb(.b'b#.,-b .,,b
(+b'b))%2bb-+"%_'_++(+b,-+- 2Hb(.b'b%(($b.)b"'(+&-"('b"'b(.&'-,b
)+,'-b"'b-!b-,-b'/"+('&'-b(+b,+!b('%"'Hb(.b'b.,b-!b)+(/"b)!('b-(b
%%b+"',Ib&"%2Ib(+b(_0(+$+,Hb(.b'b,,b'2b,("%b'-0(+$b(+b)+(,,"('%b
'-0(+$b-(b0!"!b2(.b%(' Hb(.b'b%,(b,$b-!b1)+-Hb!+b",b'(b

b
 


&&$!,
(($)!"!(#



'$!$
-
(!$


b
+(&&'bb
&-!(b(b --"' b!%)Hb .,-b(b0!-b0(+$,b(+b2(.Hb


-%H."H2*,.H)(&3H# H3)/H1(.H.)Hb!b1)+-b",b0"%%"' b-(b',0+b'2b*.,-"('b
2(.b)(,a(+b-(b0"-b)-"'-%2b"'b-!b$ +(.'Hb

&%H.",)/!"H."H2*,.B-H(-1,;H b2(.b,$bb*.,-"('b(b-!b1)+-Ib)%,b",.,,b
-!b',0+b0"-!b2(.+b)+-'+b-(b&$b,.+b2(.b(-!b.'+,-'b-!b',0+b-(b&'b
-!b,&b-!"' Hb
H

*85
B?<5
?6
D85
5H@5BD

!b(%%(0"' b",b-!b+""' b "/'b-(b1)+-,b(+bb-,-Hb

/$.G'..,H2*,.H

!'$b2(.b(+b +"' b-(b)+-"")-b"'b-!",b-,-Hb(.+b+(%Ib,bb,.#-_&--+b1)+-Ib

",b-(b+,)('b-(b+*.,-,b(+b!%)b+(&b-!b-,-b,.#-,Hb
,b2(.b)+-"")-Ib)%,b$)b
-!,bW+.%,Xb"'b&"'Jb

)H().H#(.,,/*.H."H.-.H-/$.-;b/'b"b2(.b%b-!b-,-b,.#-,b+b("' b
,(&-!"' b0+(' Ib(b'(-b "/b,,",-'b.'-"%b-!2b1)%""-%2b,$b(+b!%)Hb!b('%2b
1)-"('b",b"b-!2b,&b(.-b-(b"'#.+b-!&,%/,b(+b& b1)',"/b
*.")&'-Hb

)H().H0)&/(.,H#( ),'.#)(;b
',0+b*.,-"(',b.%%2Ib.-b'/+b (b2('b-!b
,()b(b-!b*.,-"('Hb b"'b(.-Ib.-b2(.+b',0+b,!(+-b'b0"-b-(b,b"b-!b-,-b
,.#-,b,$b'(-!+b*.,-"('Hb

#-.(H ),H#'*&#H+/-.#)(-;b(b'(-b+*."+b-!b-,-b,.#-,b-(b)!+,b*.+",b,b
+&&-"%%2b(++-b*.,-"(',Hb
b*.,-"('b",b'2b(/+-b," 'b-!-b-!b-,-b,.#-,b
+b,$"' b(+b,)""b!%)Hb -b'bb'b"'(&)%-b,'-'Ib(+b1&)%IbW
'b-!'b
0bLHXb -b'bbb,"&)%b+*.,-b(+b('"+&-"('Ib(+b1&)%IbW!'b0b)+,,b-!b
#-b.--('Ib+" !-MXbb

)/(.H.)H.",H ),H(-1,#(!H(3H+/-.#)(Hb-'Ib"'b-!-b,!(+-b%2Ib-!b
,.#-,b0"%%b",(/+b-!b',0+b(+b-!&,%/,Hb!b%2b+/%,b0!-b-!2b!"$()b
$'(0Hb


(-1,H#(H."H')-.H(./,&H13H*)--#&;b!b,-b',0+b&2bbb,"&)%b'(b(+b
,-.+Hb!b',0+b(,b'(-b!/b-(bb"'b0(+,Kb2(.b'b+0bb)"-.+b(+b
&(',-+-bb)+(.+Hb
b

b
 '$!$
-
(!$


&&$!,
(($)!"!(#



 

b
(?<5
?6
D85
D5CD
3?>4E3D?B

!b(%%(0"' b",b-!b+""' b "/'b-(b-!b-,-b('.-(+b(+bb-,-Jb

-.H)(/.),H



!'$b2(.b(+b +"' b-(b)+-"")-b"'b-!",b-,-Hb(.+b+(%Ib,bb-,-b('.-(+Ib",b-(b

&&$!,
(($)!"!(#



' "'+bb,.,,.%b-,-Hb
,b2(.b"+-b-!b-,-Ib$)b-!b(%%(0"' b,. ,-"(',b"'b
&"'Jb

%H.-.H-/$.-H)' ),.&Hb '-+(.b2(.+,%b-(b-!b-,-b,.#-,b'b-!'b
"'-+(.b-!&b-(b!b(-!+b'b-(b-!b1)+-Hb&"%"+"3b-!&b0"-!b-!b-,-b
'/"+('&'-Hb1)%"'b-!b).+)(,b(b-!b-,-b'b&)!,"3b-!-b-!b-,-b,.#-,b+b
'(-b"' b/%.-b(+b +Hb"/b-!b-,-b,.#-,b-"&b-(b+%1b'b%b-b!(&Hb

2*&#(H."H.-%H /&&3Hb--b-!b (%b'b%-b-!b-,-b,.#-,b,$b*.,-"(',Hb
',0+b
.%%2b(.-b-!b (%Ib.-b(b'(-b "/b'2b!"'-,b(.-b!(0b-(b!"/b"-Hb

)(#.),H."H.-.H)(H#.H!#(-Hb,+/b-!b)+(%&_,(%/"' b,-+- ",b(b-!b-,-b
,.#-,Hb )b"'b&"'b-!-b-!2b&2bb'+/(.,b-b"+,-Hb,.%-,b0"%%bb/%"b('b
-!b-,-b,.#-,b+%1b-!"+b)(,-.+b'b,-+-b,)$"' b"'b"'(&)%-b,'-',Hb

(.,,/*.H)(&3H1",H(--,3Ib(+b"',-'Jb

,-b,.#-,b+b(.-b-(b(b,(&-!"' b' +(.,Hb

!b1)+-b/(%.'-+,b"'(+&-"('b'(-b+*.,-b2b-!b-,-b,.#-,Hb

!b1)+-b"%,b-(b+,)('b-(bIb)+!),b,.-%Ib+*.,-b(+b!%)Hb

!b1)+-b''(-b',0+bb*.,-"('b.-b2(.b'Hb
b

$"/0
*)*
()+"*)

(+b!b-,-b2(.b)+(+&Ib+.%%2b+/"0b-!b+,.%-,b'b+0b('%.,"(',Hb
'%2,",b
.,.%%2b+*."+,b-!+b,-),Jb9Hb(+b0!-b-!b-,-b,.#-,b'b-(b%+'Hb:Hb '-"2b
!(0b-!2b)+++b-(b%+'Hb;Hb '+b)+"'")%,b-(b ."b2(.+b," 'Hb

(53?B4
>55454
<51B>9>7

!b"+,-b,-)b(b'%23"' b+,.%-,b",b-(b+(+b'b%+'"' Hb!-b",Ib0!-b"%"-",Ib
$'(0% Ib%",Ib'b%"' ,b0+b',,+2b(+b,.,,Mb
'Ib0!-b0+b'(-b
',,+2Mb
-+-b2b%",-"' b-!+b-!"' ,Jb

!-b-,-b,.#-,b(H.)H%()1b,b,!(0'b2b-!b*.,-"(',b-!2b,$b(b-!b1)+-Hb

!-b-,-b,.#-,b #!/,H)/.H)(H."#,H)1(Ib(+b1&)%Ib2b-+"%b'b++(+Ib2b
",.,,"('Ib(+b2b('%"'b,+!,Hb

b
 


&&$!,
(($)!"!(#



'$!$
-
(!$


b

!-b-!b-,-b,.#-,b#H().H(H.)H%()1a/'b-!(. !b1)+-,b'b," '+,b
)+"-b-!2b0(.%Hb

+b+b-!b+,.%-,b(bb,"' %b-,-b0!+b
-,-b,.#-,b0+b!%%' b-(b,-b-!b
-b'b-"&b('bb&.%-"_.'-"('b" "-%b
0-!Hb

b
"+,-Ib0!-b"b-!b-,-b,.#-,b-.%%2b'b-(b$'(0Ib,b&(',-+-b2b-!"+b
*.,-"(',Mb!2b'b-(b$'(0b!(0b-(b'-+b-!b#.,-&'-b&(Hb!2b0+b('.,b
(.-b0!"!b",)%2b0,b-b'b0!"!b0,b-"&Hb!2b0+b.'0+b(b-!b
+*."+&'-b-(b1"-b-!b#.,-&'-b&(b-+b&$"' bb!' Hb!-V,b"-Hbb

!-b"b-!2b" .+b(.-b('b-!"+b(0'Mb!2b).33%b(.-b-!b(+&-b(b-b'b-"&b
0"-!(.-b-((b&.!b(+-Hb
'Ib('b-!2b (-b"'-(b#.,-&'-b&(Ib-!2b" .+b(.-b!(0b
-(b&$b#.,-&'-,b('b-!"+b(0'Hbb
b%,(b0'-b-(b'(-b-!b-!"' ,b-!2b"b'(-b'b-(b$'(0a/'b-!(. !b0b1)+-b
"',-+.-"('%b," '+,b-!(. !-b-!2b0(.%Hb'b",,.b-!-b'/+b+(,b0,b-!b(')-b(b
&(,Hb -b#.,-b'/+b0,b'b",,.Hb+!),b(-!+b/",b!b-. !-b-!b(')-b.%%2Hb!b
,('b,.+)+",b0,b-!-b-!b-,-b,.#-,b"b'(-b'b-(b$'(0b!(0b-(b1"-b#.,-&'-b
&(Ib#.,-b-!-b"-b0,b+*."+b(+b-!&b-(b(b,(Hb!",b",bb,.-%b",-"'-"('Ib.-b('b-!-b
'b,)%%b,.,,b(+b"%.+b(+b-!b.'0+2b," '+Hb

 Ib0!-b(b0b(b0"-!b-!",b'%2,",Mb
,bb+(b,-+- 2Ib0b,!(.%b-!b-!b-!"' ,b
-!-b-!b-,-b,.#-,b+%%2b'b-(b$'(0Hb(+b-!b-!"' ,b-!2b" .+b(.-b('b-!"+b(0'Ib
0b'b)+(/"b('%"'b(.&'-,b"'b,b,(&b%+'+,b+b'(-b,b)+)-"/b(+b
)+,",-'-Hb!b-!"' ,b-!-b-!2b"b'(-b'b-(b$'(0b'bb(&"--Hb

,bb+"'&'-b(b(.+b(,+/-"(',Ib0b
'b+,--b%+'"' b',b"'b-+&,b(b
-2),b(b%+'"' b(#-"/,Hbb
.,*.'-b-,-,b0(.%Ib(b(.+,Ibb
"-"('%b(#-"/,Hb
b

b
 '$!$
-
(!$


&&$!,
(($)!"!(#



 

b
45>D96I
D85
<51B>9>7
1@@B?138

!b'1-b%/%b(b'%2,",b%(($,b-b-!b%+'"' b))+(!b-$'b2b-!b-,-b,.#-,b'b
0!-b"-b"&)%",b(+b!(0b0b-!b,"&"%+b%+'+,Hbb

&&$!,
(($)!"!(#



b
"+,-Ib0b,$b0!-b$"'b(b!%)b"b-!b-,-b,.#-,b'Mb"b-!2b'b(')-,Ib
(&)%-b)+(.+,Ib"'"/".%b-,Ib--"-.,Ib(+b,(&-!"' b%,Mb 'b-!",b,Ib2(.b
&" !-b,2b-!2b'b)+(.+,Ib.-bb+.%b+/"0b(b-!b/"(b,!(0b-!-b-!2b
'/+b,$b(+b0!(%b,-)_2_,-)b)+(.+Ib('%2b,)""b-,b(+b"'"/".%b,-),Hb
!b'1-b*.,-"('b",b"'b0!-b(++b"b-,-b,.#-,b(b-,$,Mb 'b-!",b,b-!2b,-b-!b-"&b
"+,-b'b-!'b0'-b('b-(b,-b-!b-Ib-!(. !b'(-b+*.,-b-(b)+(+&b()+-"(',b"'b-!",b
(++Hb!",b",b," '""'-b,"'b-!b&$+b(b-!b0-!b,,.&b.,+,b0(.%b,-b-!b-b
(+b,--"' b-!b-"&Hb

!'b"b-,-b,.#-,b,$b*.,-"(',Mb,b"-b(+b-+2"' bb,-)Ib0!'b,-.&)Ib-+b
"%"' b-bb,-)Ib(+b-b,(&b(-!+b/'-b(+b,"-.-"('Mb 'b-!",b,b-!2b,$b*.,-"(',b('%2b
0!'b,-.&)b(+b-+b"%"' b-bb*.,-"('Hb!",b,!(0,b-!2b0'-b-(b%+'b2b-+2"' b"-b
(.-b('b-!"+b(0'Hb
(0b"b-!b-,-b,.#-,b)++b-(b%+'Mb!+b(,b-!"+b!/"(+b%%b%(' bb,%b
+(&b,$"' b*.,-"(',b-(b-+"%b'b++(+Mb 'b-!",b,Ib-,-b,.#-,b%'b-(0+b-!b-+"%_
'_++(+b))+(!Hb

'(-!+b"&)(+-'-b*.,-"('b",b!(0b"b-,-b,.#-,b%+'b,b-!2b0'-b%(' Mb"b-!2b
" '(+b0!-b-!2b%+'b+%"+b(+b"b-!2b))%2b"-b.%%2b-(b,.,*.'-b!%%' ,Mb 'b
-!",b,Ib-!2b,.,,.%%2b))%"b-!b-"&_,--"' b)+(.+b-(b,-b-!b-Hb!2b0+b
%+'"' b,b-!2b0'-b%(' Hb

b
 


&&$!,
(($)!"!(#



'$!$
-
(!$


b
"'%%2Ib!(0b"b-!b-,-b,.#-,b"'-+-Mb"b('b)+,('b(&"'-Mb"b-!2b,!+b
",Mb+b"b-!2b%-+'-b%+,!")b(b-!b)+(.+Mb 'b-!",b,b-!2b,!+b",Hb
!2b%,(b%-+'-b('-+(%Ib!'"' b-!b0-!b$b'b(+-!Hb

',0+,b-(b-!,b*.,-"(',b'b (bb%(' b02b-(0+b)"$"' b'b"',-+.-"('%b,-+- 2b
-!-b",b&(,-b-"/b(+b%+'+,b%"$b-!,Hb

>65B
45C97>
@B9>39@<5C

(b).-b(.+b-,-"' b'b'%2,",b-(b0(+$Ib0b'b-(b"'+b," 'b)+"'")%,b-(b ."b
," 'b(b(.+b%+'"' Hb!b"+,-b,-)b",b-(b(&)"%bb%",-b(b,,'-"%b%+'"' b(#-"/,Hb
!-b1-%2b&.,-b0b-!Mb 'b-!",b,Ib-!+b&"'b(#-"/,b&+ b+(&b(.+b'%2,",Jb
b'b-(b-!b%+'+,b!(0b-(b -b,-+-Hbb(b'(-b'b-(b-!b&.!Ib#.,-b-!b"+,-b
0b,-),Hb
-+b-!-b%+'+,b'b" .+b(.-b,.,*.'-b,-),b('b-!"+b(0'Hb!b'1-b
%+'"' b(#-"/b',.+,b%+'+,b'b(++-%2b"'-+)+-b-!b(/+%%b(+&-b(b-!b
",)%2Hb
b"'%b(#-"/b",b-!-b%+'+,bb%b-(b/+"2b,.,,.%b(&)%-"('b(b,-),b,(b
-!2b!/b('"'b"'b-!"+b(+-,b'b,(b-!2b(b'(-b+)-b,-),b.'',,+"%2Hb!,b
(#-"/,b+b0+b'b&(+b(.,b-!'b-!b(',b,. ,-b2b1)+-,b'b," '+,b
(+b-!b-,-Hb

b
1-Ib0b'b.,b(.+b-,-b+,.%-,b-(b ."b.,b"'b!(0b0b%"/+b%+'"' Hb,.%-,b,. ,-b
-!-b(.+b%+'"' b)+( +&b,!(.%bb1)%(+-(+2b'b'(-b"-"a&(+b%"$bb/"(b
&b-!'bb(%% b%-.+Hb
-"/"-",b&" !-b'"-b2b"' b(%%(+-"/Ib"b)+-"%Hb
.+b-,-b,.#-,b0(+$b-!b,," 'b-,$b,bb-&Ib'(-b,b"'"/".%,Hb!',b+b-!2b
0(.%b)++b-(b%+'b-!-b02b-((Hbb,!(.%b)+(/"b&(+b-"%b-b-!b,-+-b(b-,$,b
'b)+(.+,b'b%,,b('b%+'+,b+b.'+02Hb!",b&2b&'b/"(%-"' b-!b
.'0+"--'b+.%b-!-b+*."+,b-!b,&b&(.'-b(bW-+"'"' Xb(+b!b'b/+2b,-)b"'bb
)+(.+Hb"'%%2Ib0b,!(.%b)+(/"b%(-,b(b-+(.%,!((-"' b!%)Hb +'+,b+b%"$%2b-(b
,$b!%)b('%2b-+b-!2b!/b&bb&,,b(b-!"' ,Hbb,!(.%b)+(/"b-((%,b-(b -b-!&b
.',-.$b'b$b('b-+$Hb

b
 '$!$
-
(!$


&&$!,
(($)!"!(#



 

b
b(.+,Ib2(.+b-,-b+,.%-,b&2bb"+'-Ib'b,(b-((b0"%%bb2(.+b'%2,",b'b-!b
)+"'")%,b2(.b"'+b+(&b-!-b'%2,",Hb!b"&)(+-'-b-!"' b",b-(b,b2(.+b.-"('%b
,-+- 2b('b-!b1)+"'b(b+%b%+'+,b"'b+%b,"-.-"(',Hb

#!
*)*$
**(

&&$!,
(($)!"!(#



!(. !b-,-"' b(+b,,'-"%",&b",b,"&)%Ib"-b",b,.#-b-(b-!b.,.%b(',-+"'-,b(b,!.%b
'b. -Hb -b",b%,(b,.#-b-(b!.&'b"%"' ,b'b&","'-+)+--"(',Hb(-b-(b0(++2Hb 'b
-!",b,-"('Ib V%%b ."b2(.b-!+(. !b-!b"".%-",b,(b2(.b'b('.-b-"/b-,-,b('bb
-" !-b,!.%b0"-!bb%"&"-b. -b'b'b.'/%()b,.#-Hb

%F5B3?=5
D85
1GD8?B>5
56653D

(Ib0!-b(.%b (b0+(' Mb'b)+(%&b0"-!b.,"%"-2b-,-"' b0,b(,+/b(+b
.,"%"-2b-,-"' b0,b/'bb-+&Hb!",b)+(%&b (,b2b-!b'&b(b-!b,)$'#8)b
-+bb,+",b(b1)+"&'-,b-!-b0+b('.-b+(&b9A:?b-(b9A;:b2b+/+b.,"',,b
!((%b+(,,(+b%-('b 2(b-b-!b,-+'b%-+"b0-!(+'b-(+2b"'b!" (Hb!b
1)+"&'-,b&,.+b!' ,b"'b-!b+-b(b)+(.-"('b(b-%)!('b+%2b,0"-!,b2bb
-&b(b0(+$+,b,bb+,.%-b(b!' ,b"'b-!b0(+$b&-!(b(+b'/"+('&'-Hb

(+$+,b0+b,!"-b-(b)"0(+$IbLb'b)+(.-"('b+(,Hb(+$+,b0+b "/'b&(+b
+,-b+$,IbLb'b)+(.-"('b+(,Hb!b+,-b+$,b0+b%' -!'IbLb'b)+(.-"('b
+(,Hb
b!(-b&%b0,b,.))%"IbLb'b)+(.-"('b+(,Hb!b0(+$2b0,b,!(+-'IbLb
'b)+(.-"('b+(,Hb!'b%%b-!b!' ,b0+b+/+,b-(b+-.+'b-(b-!b(+" "'%b
('"-"(',IbLb'b)+(.-"('b+(,Hb.!Mb

!-b+Hb 2(b",(/+b!b%"--%b-(b(b0"-!b0(+$+b-" .b'b'.-+"-"('b.-b!bb

0!(%b%(-b-(b(b0"-!b0(+$+b),2!(%( 2Hb,+/"' b!.&'b!/"(+b-',b-(b&("2b-!-b
!/"(+Hb -b",bb),2!(%( "%b'%( b-(b-!b",'+ b'+-"'-2b)+"'")%b(b)+-"%b
)!2,",Ib0!"!b,--,b-!-b2(.b''(-b&,.+b-!b)(,"-"('b'b&(&'-.&b(bb
,.-(&"b)+-"%b.,b(,+/"' b('b&("",b-!b(-!+Hb

"51F5
D85
<123?1D
2589>4


'(-!+b1)+"&'-Ib-!",b-"&b('.-b2b%b'"/+,"-2Ib%,(b.'+.-,b-!b,"b
)+&",b(b-,-"' Hb 'b-!",b-,-b,.#-,b0+b-,-b"'b)"+,Hb'b,.#-b0,b,-+))b"'-(b
b!"+b0"-!b%-+(,b--!b-(b!",b(2Hb!b(-!+b-,-b,.#-b0,b%(-b"'b+('-b(bb
('-+(%b)'%b0"-!bb"%b"'"-"' b%-+"%b/(%- b'bb.--('b-(b%"/+bb,!($b-(b-!b
"+,-b-,-b,.#-b!b-"&b!b&",,b-!b',0+b-(bb-,-b*.,-"('b)(,b2b-!b-,-_
('.-(+b0+"' bb,-+(-2)"%b0!"-b%b(-Hb
-+b!b&",-$Ib-!b,('b-,-b
,.#-Ib-!b('b&"'",-+"' b-!b,!($,Ib0,b"',-+.-b2b-!b-,-_('.-(+b-(b"'+,b
-!b/(%- Hb

b



&&$!,
(($)!"!(#



'$!$
-
(!$


b
!b+%b).+)(,b(b-!b-,-Ib.'$'(0'b-(b-!b,!($_%"/+"' b-,-b,.#-Ib0,b-(b,b!(0b
+b)()%b0(.%b (b"'b.,"' b)"'Hb(.',b+.%Ib.-b-!b"+,-b-,-b,.#-b0,b#.,-b'b
-(+b'b0,b'(-b+"/"' b,!($,Hbb
!b+" !-'"' b+,.%-b0,b-!-b&'2b(b-!b-,-b,.#-,b$)-b+","' b-!b/(%- b'b
%"/+"' b,!($,b,b"',-+.-b2b-!b-,-_('.-(+a/'b-+b-!b"+,-b-,-b,.#-b0,b
,+&"' b"'b)"'b(+b/'b))+b-(bb.'(',"(.,Hb

!-b-!",b1)+"&'-b,!(0b",b-!-b"'b%(+-(+2b-,-,Ib-!b)+,('b('.-"' b-!b-,-b
!,b'(+&(.,b.-!(+"-2b(/+b-!b-,-b,.#-Hb -b.+-!+b,!(0,b-!-b-,-b,.#-,b0"%%b(b
-!"' ,b"'b-!b%(+-(+2b-!-b-!2b0(.%b'/+b(b"'b(+"'+2b%"Hb

,b-,-+,Ib0b0!",$b-,-b,.#-,b.)b-!b%/-(+b-(b'b"'-+"(+b+((&b0"-!b'(b(.-,"b
0"'(0,b.-b0"-!bb&"++(+b%(' b('b'-"+b0%%Hbb)("'-b(.+b/"(b&+,b-b-!b-,-b
,.#-,b'b-%%b-!&b-(bW-b'(+&%HXb!Ib+" !-Hb
'b,.!b-,-,Ib,.#-,b(b'(-b-b'(+&%%2Hb!2b(%%(0b('%2b))+(/b)+(.+,b'b
(%%(0b"',-+.-"(',b%"-+%%2Hb!2b!"b-!"+b(.-,Ib+"' b-!2b&2b))+b" '(+'-b(+b
%(($b((%",!Hb!2b0(+$b&" !-"%2b-(b)%,b-!b-,-+Hb

*5CD
1
DG?C?=5

'b(b-!b,"&)%,-b'b&(,-b-"/b02,b-(b(/+(&b-!b"".%-",b)(,b2b-!b
0-!(+'b'b _(-b-,b",b-(b-,-b0"-!b)"+,b(b-,-b,.#-,Hb

/"' bb.2b%(' b,"b +-%2b+.,b,%_(',"(.,',,Hb"-!"'bb0b,(',b-!b

)"+b!/b(+ (--'b(.-b-!b/"(b&+b'b('_02b&"++(+b'b+b' +(,,b"'b-!b
-,$Hb!'b-!2b+b).33%Ib-!2b(b'(-b +(0b,"%'-Hb!2b,$b*.,-"(',b(b('b'(-!+Hb
!2b(+b!2)(-!,,Hb!2b,. ,-b,(%.-"(',b-(b)+(%&,Hb!2b-%$Ib-%$Ib'b-%$Hb
'b
+(&b-!-b-%$Ib2(.b'b(+&bb%++b.'+,-'"' b(b0!-b-!2b$'(0b'b0!-b-!2b
'b-(b$'(0Hb

&B?F945
1<<
B51<
B5C?EB35C

+(/"b-,-b,.#-,b0"-!b%%b-!b+,(.+,b/"%%b"'b-!b+%b0(+%Ib(+b1&)%Jb(($,b
'b&'.%,Ib(-!b('b))+b'b('%"'Kb"'-+'-b'b '-+'-Ib"'%."' b,("%b
'-0(+$"' b,"-,Kb'b(&&('b#(b",Hb "$0",Ib&$b,.+b-!b-,-b'/"+('&'-b
"'%.,b+%",-"b0(+$b&-+"%,Hb b&)%(2,b+"/b,," '&'-,b2b_&"%Ib-!'b
)+(/"b,.!b'b_&"%b,b)+-b(b-!b-,-Hb b)!('b,.))(+-b",bb)(,,"%b,(.+b(b
"'(+&-"('Ib,"&.%-bb.,-(&+_,.))(+-b)!('b%"'Hb
%,(b,"&.%-b,,b-(b
$'(0% %b(_0(+$+,Ib"-!+b-!+(. !bb,"&.%-b+"'b"'b-!b+((&b(+b-!+(. !bb
)!('b%"'b-(bb0"-"' b(%% .Hb

b
 '$!$
-
(!$


&&$!,
(($)!"!(#





b
(51CCEB5
D5CD
CE2:53DC

(+b-!b&(,-b.+-b+,.%-,Ib-,-b,.#-,b&.,-b!/b'(+&%%2Hb!2b0"%%b'(-b(b-!-b"b
-!2b%b-!2b+b.'+b-!b&"+(,()Hb,,.+b2(.+b-,-b,.#-,Hb&"'b-!&b-!-b
-!2b+b'(-b"' b#. Hbb


(b'(-b,2IbWV+b'(-b-,-"' b2(.HXb!2b&2b'(-b!/b-!(. !-b-!-b-!2b0+b"' b

&&$!,
(($)!"!(#



-,-b(+b-!2b&2b'(-b%"/b2(.Hb ',-Ib,2b,(&-!"' b%"$IbW%)b.,b"'b02,b-(b
"&)+(/b(.+b.-"('%b)+( +&HXb1)%"'b-!-b0!-b2(.b+b("' b",b+,+!Ib'(-b
-,-"' b)+(+&'Hb

(b'(-b,2IbW('V-b0(++2Hb(.+b(,,b0('V-b,b-!b+,.%-,HXb!",b#.,-b"'-+(.,bb'0b
0(++2Hb
b--+b))+(!b",b-(b,2IbWb+%%2b0'-b(.+b)+( +&b-(b0(+$b(+b)()%b%"$b
2(.HXb (,-b)()%b%"$b!/"' b-!"' ,b'-+b('b-!&Hbb

-1D38
D85
F945?
6E<<I

b)+-"%Ib+(+b-!b-,-b('b/"(Hb+2b-(b)-.+b-!b-,-b,.#-,Vb"%b1)+,,"(',Ib
(2b%' . Ib'b ,-.+,Hb!,b+b/'b&(+b"&)(+-'-b-!'b+(+"' b-!"+b
"'-+-"(',b0"-!b*.")&'-b(+b(&).-+b)+( +&,Hbb
(b -b-!b&(,-b+(&b2(.+b-,-"' Ib0-!b-!b/"(b.%%2Hb-!b"-b,/+%b-"&,b'b"'b
"+'-b02,Hb-!b"-b('b,.%%2b#.,-b-(b,b0!-b",b-!+Hb!'b0-!b"-b+"-"%%2b-(b
(,+/b,&%%b"'"'-,Hb'b2(.b-!"'$b2(.b!/b(,+/b%%b-!+b",b-(b(,+/Ib0-!b
-!b/"(b0"-!b-!b,(.'b(b-(b'(-"b&(-"(',Ib,.!b,b ,-.+,b'b"%b1)+,,"(',Hb
-!b "'b0"-!b-!b/",.%,b(b-(b'(-"b-!b-('b(b/("b(b-,-b,.#-,Hb%2b-!b/"(b
"'b,-b(+0+b-(b'(-"b)--+',b(b&(-"('Ib ,-.+,Ib'b,!"-,b"'b(2b%' . Hb%2b"-b
"'b,%(0b&(-"('b-(b'(-"b-!b)+",b,*.'b(b/'-,b'b-!b%2,b-0'b+%-b
/'-,Hb

(($b(+b," ',b(b'1"-2Ib'-!.,",&Ib.'+-"'-2Ib",(/+2Ib' +Ib+%"Ib'b

&++,,&'-Hb!'b-+$b(0'b-!b,(.+,b(b-!,b&(-"('%b+-"(',Hb

?>4E3D
5>?E78
D5CDC

/"(.,%2b2(.b0(.%b'(-b,b'b'-"+b.-"('%b)+( +&b('b('b-,-Ib.-b"b
,.,*.'-b-,-,b+)%"-b"'"-"%b+,.%-,Ib2(.b0(.%b!/bb&(',-+%b+-"('%b(+b-!b
%+'"' b(#-"/,b2(.b'b-(b(&)%",!b'b-!b(',b2(.b'b(+ (Hb
(0b&'2b-,-,b&.,-b2(.b)+(+&Mb!-b)',b +-%2b('b-!b/,-',,b(b2(.+b,.#-b
&--+b'b-!b"/+,"-2b(b2(.+b%+'+,Hb!+b+b,(&b+$b)("'-,b"'b-!b'.&+,b(b
-,-,Hb
'b-,-b",bb%(-b--+b-!'b'(b-,-Hb'b-,-b'b+",b)(-'-"%b)+(%&,b'b0+b(bb
",,-+Hb

b
 


&&$!,
(($)!"!(#



'$!$
-
(!$


b
"1b-,-,b'bb)+-"%%2Ib-!(. !b'(-b,--",-"%%2Ib," '""'-Hb
b!%_(3'b-,-,b'b
"'/%"-bb-!(+",b(+b2(.b"&)%&'-b-!&b'b'b% b+"-"%b",,.,b-!-b+*."+b
,)"%b!'%"' b(+b&(+b+,+!Hb
"-!bb(.)%b(b(3'b-,-,Ib2(.b'b/+"2b-+',b'b -!+b"+&b/"'b-(b,.))(+-b
2(.+b))+(!Hb0(_(3'b-,-,b'bb,--",-"%%2b," '""'-Hb

&93;
F1<94
D5CD
CE2:53DC

(.+b+,.%-,b)'b(&)%-%2b('b2(.+b!("b(b-,-b,.#-,Hb"$b-,-b,.#-,b0!(b
+,&%b2(.+b/'-.%b-+ -b."'Hb+b+b,(&b-"),b(+b)"$"' b-,-b,.#-,Jb

"$b-,-b,.#-,b0"-!b(&)+%b$ +(.'b$'(0% b'b1)+"'Hb b2(.b0+b
/%()"' bb'0b(&).-+b)+( +&&"' b%' . Ib2(.b0(.%b'(-b.,b-,-b,.#-,b
0!(b!b'/+b.,bb(&).-+Hb b2(.b0+b/%()"' bb)+(.-b(+b.,b2b'0%2b
+.-b'.+,,Ib2(.b0(.%b'(-b-,-b"-b0"-!b,'"(+b,.+ (',Hb

+2b-(+,b%"$b-!b Ib '+Ib'b%' . b,$"%%,b(b-!b-,-b,.#-,Hb
%,(b$)b"'b
&"'b-!-b.%-.+%b"+',b&2b-b!(0bb%,,b(b)()%b%+',b&(,-b-"/%2Hb

"+b.)b,"&"%+b)()%b(+bb-,-Hb!'b)"+b.)b/+2b"+'-b)()%b(+b-!b'1-b-,-Hb
(,b-!b)"+"' b&$bb"+'Mb

(b'(-b.,b)+(,,"('%b-,-b,.#-,Hb'b)()%b!/b)+-"")-b"'bb0b-,-,Ib-!2b
+b'(b%(' +b+)+,'--"/b(b2(.+b)(-'-"%b%+'+,Hb
+V,bb-")b(+b-!(,b(b2(.b/%()"' b-+"'"' b'b(.&'--"('b(+bb)+(.-b,(%b-(b
2(.+b1",-"' b.,-(&+b,Hb%$b(/+b-(b2(.+b-+"'"' b'-+b'b"'/"-b.,-(&+,b-(b
)+-"")-b"'b-,-,Hb b2(.b+b0(+$"' b('b+(--(%()b:H8Ib0!(b--+b-!'bb.,+b(b
+(--(%()b9H8b-(b,+/b,b2(.+b-,-b,.#-Hb

(&
#)*(
*
))$*")
%
))$*")#

-V,b+)Hb!-b+b-!b,,'-"%,b(b,,'-"%",&Mb

(b'(-b-+2b-(b-!b/+2-!"' b/+2(2b&" !-b)(,,"%2b,(&2b'b-(b$'(0Hb

!b0!-b)()%b(b'(-b$'(0b'b''(-b" .+b(.-b('b-!"+b(0'Hb

" .+b(.-b0!-b-(b-!b2b-,-"' b0"-!b)(-'-"%b%+'+,Hb

(+b-,-"' b)"$Ibb-,$b-!-b+*."+,b0!-b2(.b'b-(b-!Hb

,-b0"-!bb-0(,(&Hb
)b-!,b"/b)("'-,b"'b&"'b'b2(.b+b0%%b('b2(.+b02b-(b%"/+"' b,,'-"%b
%+'"' Hbb

b
 E-Learning by Design, 2nd Edition
b by William Horton
Copyright © 2012 John Wiley and Sons, Inc.
b
b

>45H




!#8%'$-Ib<>:b #b/"0"' Ib9?9b
,(%.-b-,-b*.,-"(',Ib:=:b ",(/+2Ib=:Ib=;Ib9:AIb9<>Ib=:@Ib=;:b

,(+b-"/"-",IbAIb=9Ib=:Ib==Ib=?Ib>AIb@@Ib ",.,,"('Ib?9Ib@:Ib<@;b
A;Ib98=Ib99:Ib:@>Ib:@@Ib:A8Ib:A9b (IbAIb=9Ib=:Ib=;Ib==Ib=?Ib@@Ib9;8Ib9<>Ib
"'b&("%b%+'"' Ib=;>b 9=?Ib:@>Ib:@AIb:A9b
"'b,("%b%+'"' Ib<>>b +&Ib?8Ib@9b
0!'b-(b.,Ib>@b +"%%_'_)+-"Ib9;9Ib9;:b

+(-Hbb
(b
+(-b /%.-"('Ib9?:b

-"/b+/+b ,Hbb "+(,(-b "%b-+")Ib=:Ib=;Ib99:Ib9=;b

-"/b+/+b ,b (+b-()",Ib;89b
-"/"-",b &,b'b,"&.%-"(',Hbb &,b

,(+IbAIb=9Ib=:Ib==Ib=?Ib>AIb@@IbA;Ib98=Ib +"' Ib<?>b
99:Ib:@>Ib:@@Ib:A8Ib:A9b +(.)_+"-"*.Ib<@9b
,b.'"-,b(b_%+'"' Ib=b ."b-(.+Ib99;b
+"',-(+&"' Ib<?:b ."_'%2,",Ib9;9Ib9;?b
,b,-.2Ib9=:b ."_+,+!Ib:88b
!'-"' Ib9?8b !',_('Ib9;9Ib9;;b
"-_1&)%Ib9?9b "'b&("%b%+'"' Ib=;>b
%,,"2_"-&,Ib9;@b "'b,("%b%+'"' Ib<>>Ib<>@b
(!_&Ib:A9b #(b"Ib=:Ib=;Ib9@?b
(%(+"' _(($Ib9?8b #(.+'%Ib:8?Ib:98b
(&"'Ib=@IbA:Ib98;Ib999Ib9:;Ib9<<Ib %-_&Ib:A:b
9=>Ib9?=Ib9A=Ib:8>Ib:9:b &'"' b*.,-Ib9?8b
(&)+_'_('-+,-Ib9;@b &"--"('Ib9>@b
(&)+",('Ib<@8b &("%b%+'"' Ib=:@b
(''-IbAIb=9Ib=:Ib=;Ib==Ib=?Ib9>;Ib9>>Ib &.,.&Ib99;Ib99Ab
9?>Ib9@<Ib9@?Ib9A>Ib:8?Ib:@>Ib:@AIb:A8Ib (,+/_'_(&&'-Ib9=<b
:A:b (+" "'%_0(+$Ib=:Ib=<Ib:8?b
2_"'_-!_%"Ib:8:b (.-%"'b"-&,Ib9;Ab
","('Ib:8?Ib:8@b )('+Ib=:Ib=;Ib9>>b
)_0-!"' Ib9?8b )+-"Ib=:Ib=;Ib9:AIb9;8b

H
H
b




$,



'$!$
-
(!$


b
)+,'--"('Ib=:Ib>Ab
*.,-"('"' Ib=:Ib=;Ib9?>Ib=>:b
+"' Ib=:IbA;b
++-b&(.,b1&)%,Ib9<8b
+,+!Ib=:Ib=;Ib9A>b
+!-(+"%b*.,-"('Ib9>?b
+(%_)%2"' b,'+"(Ib<?>b
,/' +_!.'-Ib9A@b
,+)(($Ib:8:b
,%-"' Ib=9Ib==Ib=@b
,!(0_&Ib?<Ib:A9b
,"&)%"2"' Ib=Ab
,-(+2-%%"' Ib=:Ib=;Ib98=b
,.&&+2Ib9?<b
-&0(+$Ib<?<b
/"+-.%b%(+-(+2Ib9<?b
0(+$_(.&'-Ib:8?Ib:8@b
-(+,Ib@:b

 b)+(,,Ib>=b

(b
+(-b
,b"%b(+&-IbA?b
1&)%,b+-b0"-!Ib@=IbA?Ib;8?Ib=>?b

(b)-"/-Ib1&)%,b+-b
0"-!Ib;9Ib?<Ib?>Ib??Ib9;@Ib9<8Ib:;>Ib:<9Ib
:A9Ib;;=Ib;;>b

(b(''-Ib1&)%,b+-b0"-!Ib
<;>Ib<;?Ib<;AIb<<?Ib<<@Ib<?:Ib=<=b

(b+&0/+Ib1&)%,b+-b
0"-!Ib<<Ib<=Ib@@IbA>IbA?IbAAIb988Ib98:Ib
99=Ib99?Ib99AIb9;:Ib9;>Ib9<9Ib9<@Ib9=9Ib
9>AIb9?9Ib9?;Ib9@AIb9A:Ib9A@Ib:8@Ib:8AIb
:98Ib:99Ib:;<Ib:;@Ib:<8Ib:<9Ib:=AIb:>=Ib
:>AIb:A8Ib;8<Ib;8?Ib;9>Ib;;9Ib;;:Ib;;;Ib
;;?Ib<<@Ib<@9b

(b%,!Ib1&)%,b+-b0"-!Ib@@Ib
9;AIb9<9Ib9<AIb:<8Ib;;<Ib;;>Ib;;Ab

(b+,'-+Ib1&)%,b+-b0"-!Ib
A9Ib9<@Ib:88Ib::=Ib:@?Ib:@AIb;9>Ib;;>Ib
<?<Ib<@:b
/'-.+b &,Ib;;<Ib;><b
%%_(_-!_(/b!(",Ib:=;b
&3('H(&Ib98:b
b
'"&-"('b
,-b)+-",b(+Ib?:Ib=<=Ib=<>b
1&)%,b(b.,Ib?9Ib:@?Ib=<=b
))%"-"('b(b%+'"' Ib:=Ib9><Ib9@?b
))%"-"('b,!+"' Ib<;@Ib=<;b
,-b)+-",b(+Ib<<8b
1&)%,b.,"' Ib?=Ib<;Ab
(+b&",,"' b)"%"-",Ib<;Ab
))%"-"('_+%-b-,-b*.,-"(',Ib:<AIb
:=8b
))+'-",!")Ib",-'-Ib=;8b
+!"--.+Ib1&)%,b-!"' Ib9<8Ib
<?:Ib<?;Ib<?>Ib=;:b
+-Ib1&)%,b-!"' Ib9<9Ib:<8b

+-".%-b+,'-+Ib1&)%,b+-b
0"-!Ib<>Ib98?Ib;:=Ib<??b
,$_1)+-b"'-+-"('b)--+'Ib<9;b
,$_)+,b"'-+-"('b)--+'Ib<9<b
,,,,&'-,Hbb-,-,b
,_,!(0'_(/b,2'+(&Ib;9<b
."(_('+'"' Ib<:8Ib=<;b
. &'-b)+,'--"(',Ib@Ab
.-(_ '+-b)+(%&,Ib9;;Ib:?:b
.-(,''"' Ib9:8b


$b!''%b
,-b)+-",b(+Ib<?8b
"'b)+,'--"(',Ib<9@Ib<9AIb<>AIb==?b
$b,-(+2Ib"'b &,Ib;<Ab
b!/"(+b
%"' b0"-!Ib<==Ib<=>Ib<>8Ib=??b
,(%.-"('b-%Ib=?@b
'0"-!Hbb'-0(+$b,)b
+b(,b"'b&("%b%+'"' Ib=98b
+',bGb(%Ib98:b
,-b)+-",Ib,%_+"/Ib:8:b
"(%( 2Ib1&)%,b-!"' Ib?9Ib:;<Ib;<8b
%'"' b%+'"' b))+(!,Ib<:b
%( ,Ib<99Ib<:@b

b
(($&+$"' Ib(+b,("%b%+'"' Ib<<:b
(($,:<1?H(&Ib989b
(++(0"' b('-'-Ib@8Ib@<IbA9Ib9A9Ib9A;b
(--(&_.)b,*.'"' Ib<;b
+"',-(+&"' Ib<?:b
)+"&b+.%b(Ib<?<b
+'!"' b,'+"(,Ib;;<Ib;A8b
+$(.-b+((&,Ib=<;Ib=<?b
+$(.-b,,,"(',Ib<9:Ib=<?b
+$-!+(. !b,-+.-.+Ib;?@b
.%%2"' Ib<=Ab


%.%-(+,Ib9@@Ib9A:b
,-b)+-",b(+Ib9A;b
(++(0"' Ib9A;b
,(-_,$"%%,Ib9A;b
)-"/-Hbb
(b)-"/-b
,b,-.",Ib9=:b
,-b)+-",b(+Ib9==b
0!'b-(b.,Ib9=;b
!%%' "' b%+'+,Ib9:;Ib9<<Ib9=8Ib9=>Ib
9>@Ib9?9Ib:88Ib:8;Ib::<Ib:;=Ib:;@Ib:=@Ib
:>9Ib;>AIb<@Ab
!'-"' b-"/"-",Ib9?8b
!+-+,b(+b &,Ib;<?b
!-Ib<9@Ib=<;b
,-b)+-",b(+Ib<:8b
(+b$b!''%b"'b)+,'--"(',Ib<9@Ib
<9AIb==?b
(+b,"&)%b1!' ,Ib<9Ab
!$%",-,Ib9@@b
!&",-+2Ib1&)%,b-!"' Ib::?Ib::@b
!"-_!-Ib<>:b
"+.&,-',Hbb,"-.-"('b
"-_1&)%b-"/"-",Ib9?9b
%,,b,"3Ib<9AIb=?=b
%,,"2_"-&,b-"/"-2Ib9;@b
%"$_"'_)"-.+b-,-b*.,-"(',Ib::?b
%(3b-,-b*.,-"(',Ib:;:b
b
'$!$
-
(!$



$,





(!b-,$b,"&.%-"('Ib;@>b
(!b-,$b,"&.%-"(',Ib:A9b
(!"' Ib;@b
(!"' Ib"'b &,Ib;@>b
(!_&b-"/"-",Hbb(!b-,$b


,"&.%-"(',b
$,

(b(b('.-Ib(+b,("%b%+'"' Ib<==b
(%%(+-"('b&!'",&,Ib=<:Ib=<;b
(%%(+-"/b.-!(+"' Ib<;;b
(%%(+-"/_(.&'-b"'-+-"('b
)--+'Ib<9:b
(%(+"' _(($b-"/"-",Ib9?8b
(&"'"' b-"/"-",Ib=@IbA:Ib98;Ib999Ib9:;Ib
9<<Ib9=>Ib9?=Ib9A=Ib:8>Ib:9:b
(&"'"' b-,-b*.,-"(',Ib:>8b
$""*#)#8 (8,)8!"38$38#8
*!)"Ib@8b
(&)+_'_('-+,-b-"/"-",Ib9;@b
(&)+",('b-"/"-",Ib<@8b
(&)-"-"/',,Ib&' "' Ib;<=b
(&)(,"-"('b-,-b*.,-"(',Ib:::Ib:;?b
(&)(.'b-,-b*.,-"(',Ib:<@b
(&).-+b()+-"(',Ib1&)%,b-!"' Ib
;9Ib<<Ib?<Ib9;<Ib:<9Ib:A8Ib;8<Ib;8?Ib;;=b
(&).-+b)+( +&&"' Ib1&)%,b
-!"' Ib:;;Ib:><Ib;;9b
(&).-+b,$"%%,b+*."+Ib=<<b
('"-"(',Ib,b)+-b(b(#-"/Ib:=b
(''-b-"/"-",IbAIb=9Ib=:Ib=;Ib==Ib=?Ib
9>;Ib9>>Ib9?>Ib9@<Ib9@?Ib9A>Ib:8?Ib:@>Ib
:@AIb:A8Ib:A:b
"'b&("%b%+'"' Ib=;?b
"'b,("%b%+'"' Ib<>?b
0!'b-(b.,Ib9><b
(',",-'2Ib;9<b
('-&)%-"('Hbb&"--"('b
('-'-b(&&"--Ib9>b
('-1-b,',b"'b &,Ib;A>b
('-+(%b2b%+'+,Ib?;Ib@<Ib@AIb99@Ib9::Ib
9:=Ib9<;Ib9=9Ib:@9b
()2+" !-b)+&",,"(',Ib@9Ib@<Ib=@8b
b




$,



'$!$
-
(!$


b
(.+,,b
,b%+'"' b(#-,Ib<@b
,b.'"-,b(b_%+'"' Ib=Ib<@b
,b('b &,Ib;A>b
'(-b('%2b(+&b(b_%+'"' Ib9b
'"(#8"38Ib<>Ib;:<Ib;><b
+"-+"b(+b,.,,Ib,b)+-b(b(#-"/Ib
:=b
')!8)38(#8)Ib,b1&)%Ib@<b
+"-"%_"'"'-b'%2,",Ib9>b
.++".%b
,b,",b(+b(#-"/,Ib;;b
,b.'"-,b(b_%+'"' Ib=b
.,-(&+b,.))(+-Ib1&)%,b-!"' Ib
:>Ib9=:b
.,-(&+,Ib,b (%Ib99b
2%"b," 'Ib><Ib>=b


,!(+Ib<<=b
2_"'_-!_%"b-"/"-2Ib:8:b
-Ib+-!+b-!'b",.,,"('Ib<>9b
","('b-"/"-",Ib:8?Ib:8@b
)_0-!"' b-"/"-",Ib9?8b
',"/',,Ib<=Ab
"'"-"(',b
%,,"b(+&.%b(+Ib9A8b
%"'$"' b-(b+%-b-+&,Ib9A:b
#b/"0"' b-"/"-",Ib9?9b
&(',-+-"(',b
-.+Ib??b
'(-b,"&.%-"(',Ib;:>b
)!2,"%Ib?8Ib?:b
,'+"(Ib?>b
,(-0+Ib?8Ib?<b
.,+_"'-+b-(.+,Ib?>b
,+")-"(',b(+b-()",Ib;8@Ib;98b
," 'Hb8!($b"',-+.-"('%b," 'b
b&(%,Ib<b
2%"Ib><Ib>=b
-+&"',b/+2-!"' b%,Ib;b
#(b"b(+Ib@b
'(b .+'-Ib=b
'(-b,&b,b/%()&'-Ib:b
)+/'-"' b"%.+,Ib;b
)+(,,b(+Ib@b
(##8 #$,!8'$*)(IbA?Ib9?9Ib
9?;Ib:8@Ib:8AIb;8>b
/"b,"&.%-"(',Ib;;>b
"%( Ib0+"-"' Ib@:b
"+",Ib)+,('%b-+/%Ib99?b
)8"38Ib;;?b
"".%-2Ib('-+(%b(+b!%%' Ib;?:b
"+-_(,+/-"('b,"-,Ib:8=b
","%"-",Ib," '"' b(+Ib@=b
",,-+b,-(+",Ib98Ab
",(/+2b-"/"-",Ib=:Ib=;Ib>9Ib9:AIb9<>Ib
=:@Ib=;:b
,-b)+-",b(+Ib9==b
,b,-.2Ib9=:b
"'b&("%b%+'"' Ib9=?b
"'b,("%b%+'"' Ib9=?b
/"+-.%b%(+-(+2Ib9<?b
0!'b-(b.,Ib9<>b
0"-!b(-!+b-"/"-",Ib9=>b
",(/+2b%+'"' Ib>9b
",(/+2b,-(+",Ib98Ab
",.,,"('b-"/"-",Ib?9Ib@:Ib<@;Ibb!($b
",.,,"('b(+.&,b
. "' b)+(+&'Ib:@;b
"'))+()+"-b)(,-"' ,Ib<A8b
$)"' b('/+,-"('b%"/%2Ib<@Ab
&"'-''b0(+$Ib<A8b
&(+-"' Ib<@?Ib<@@b
)"$"' b&(+-(+,Ib<@?b
)+)+"' b%+'+,Ib<@<b
+*."+b,$"%%,Ib<@>b
,--"' b.)b-!+,Ib<@>b
,-+-"' Ib<@<b
0%(&"' b%+'+,Ib<@@b

b
 '$!$
-
(!$



$,





b
",.,,"('b(+.&,Ib<99Ib<:=Ib=<;Ibb!($b '/"+('&'-Ib(b&("%b%+'+,Ib=9?b
",.,,"('b-"/"-",b '/"+('&'-%b&' &'-Ib1&)%,b
,-b)+-",b(+Ib<:=b -!"' Ib9?<Ib:88Ib::=Ib:@?Ib;<8b
",-'b))+'-",!")Ib=;8b '/"+('&'-%b,"&.%-"(',Ib;<8b
(b-"/"-",IbAIb=9Ib=:Ib=;Ib==Ib=?Ib@@Ib9;8Ib ,,2b-,-b*.,-"(',Hbb(&)(,"-"('b-,-b


9<>Ib9=?Ib:@>Ib:@AIb:A9b *.,-"(',b

$,

"'b&("%b%+'"' Ib=;?b ,,'-"%",&Ib9<b
"'b,("%b%+'"' Ib<>?b ,,'-"%",&Ib=@?b
0!'b-(b.,Ib9;8b '%23"' b+,.%-,b(Ib=A9b
($"' b&(.%,Ib@8IbA9Ib;9=b "'-"2"' b%+'"' b))+(!Ib=A;b
(.&'-+2b"%&Hbb"'(+&-"('%b "'++"' b," 'b)+"'")%,Ib=A<b
"%&,b '.&+b(b-,-,b'Ib=A?b
(&"'-"' Ib"'b",.,,"(',Ib=?@b +(%b(b1)+-,Ib=A8b
(0'%(b'b (Ib=:=b +(%b(b,.#-,Ib=@Ab
+&b-"/"-",Ib?8Ib@9b +(%b(b-,-b('.-(+Ib=A9b
+&0/+Hbb
(b+&0/+b ,.)+/","' b-,-,Ib=@@b
+"%%b'b)+-"b -,-b'/"+('&'-Ib=A>b
,-b)+-",b(+Ib9;;b -,-b,.#-,Ib=A>Ib=A@b
0!'b-(b.,Ib9;:b ,,'-"%",-b'%2,",Ib=@?b
+"%%_'_)+-"b-"/"-",Ib9;9Ib9;:b -!",Ib1&)%,b-!"' Ib<<Ib@:Ib988Ib
9@Ab
+!*)#8'##8'$'"(Ib9><b

/%.-"('b-"/"-",Ib9?:b
_(',.%-'-,Ib9@@Ib9A;b 1&)%,Ib.,b"'b_%+'"' b
,-b)+-",b(+Ib9A<b -.+b-"/b1&)%,Ib98:b
0!'b-(b.,Ib9A<b 'b"'b)+,'--"(',Ib@=Ib98:b
_%+'"' b 1%Hbb "+(,(-b1%b
"'Ib9b 1)%"'"' b-"/"-",b'b-,-,Hbb
," 'b(Ib:b "',-+.-"(',b(+b%+'+,b
-2),b(Ib:b
.'"-,b(Ib=b 

%%.&"'-Ib1&)%,b+-b0"-!Ib?=Ib
<::b "%"--"' b
_&"%Ib=<;b .-",b(b"%"--(+Ib<=<b
+(,-b(+b''(.'&'-,Ib<:?b "'b,("%b%+'"' Ib<=<b
"'b,("%b%+'"' Ib<9>b _!,"' Ib=b
)+"/-b(+b"&&"2Ib<9?b -.+b&(',-+-"(',Ib??b
+,)('"' b)+(&)-%2Ib=>@Ib=?>b $b
&(-"(',Ib;:b -+b!b*.,-"('Ib:>?b
' "'+"' Ib1&)%,b-!"' Ib9<@Ib -+b!.&'b/%.-"('Ib:>@b
9<AIb;;<b -+b-,-b",b(&)%-Ib:>?b

b
b




$,



'$!$
-
(!$


b
/(""' b0"&)2b$Ib:>>b
(++-"' b0+(' b',0+,Ib:>=b
%"/+"' b-b-!b+" !-b-"&Ib:>>b
.-"('%Ib;>9b
1-+&Ib;>;b
1-+"',"Ib;>8b
(+b-,-b*.,-"(',Ib:<<Ib:>;Ib:><Ib:>=Ib
:>>b
+(&b%+'+,Ib:?;b
"'b &,Ib;=Ab
"'-+"',"Ib;=Ab
"%b-+"),Ib=:Ib=;Ib99:Ib9=;b
,-b)+-",b(+Ib9:;b
."b-(.+Ib99;b
"'b&("%b%+'"' Ib9:>b
"'b,("%b%+'"' Ib9:>b
&.,.&Ib99Ab
0!'b-(b.,Ib99;b
0"-!b(-!+b-"/"-",Ib9:>b
"%b(+&-,Ib,)"2"' IbA?b
"%_,!+"' Ib<<8b
"%%_"'_-!_%'$,b&(%Ib<b
"%%_"'_-!_%'$,b-,-b*.,-"(',Ib::9Ib:;9b
"%&Hbb"'(+&-"('%b"%&,b
"%-+"' b&,, ,Ib<=8b
"''"%b (%,Ib99b
%&"' Ib=@8b
%,!Hbb
(b%,!b
%"+-"' Ib<=@b
(+" 'b&(.%,Hbb($"' b&(.%,b
(+,-+2Ib1&)%,b-!"' Ib:=Ib9;?Ib9?<Ib
:88Ib;<8b
+ &'--"('Ib<>9b

(%( 2Ib1&)%,b-!"' Ib@8Ib99?Ib99AIb
 '4Ib(+-Ib9?b


b!$%8)!).8
#!.((Ib;9Ib<<Ib
98AIb:A8Ib;8<Ib;8?b
&,Ib:Ib;>Ib=:Ib=;Ib9:AIb9=?Ib;:;b
(&)%",!"' b(#-"/,Ib;<:Ib;A9Ib;A:b
/'-.+Ib<>Ib;:<Ib;;<Ib;><b
,b(.+,,Ib;A>b
,b-,-,Ib9>8b
+'!"' b,'+"(,Ib;;<Ib;A8b
!+-+,Ib;<?b
"'Ib;:=Ib;:?b
," '"' b(+b%+'"' Ib;<:b
/"b,"&.%-"(',Ib;;>b
'/"+('&'-%b,"&.%-"(',Ib;<8b
1&)%,b(Ib<>Ib;:<Ib;;9Ib;;:Ib;;;Ib;;<Ib
;;=Ib;;?b
$b-(b-!Ib;=Ab
"+$+,Ib==Ab
"&&+,"/b+(%_)%2"' Ib;<9b
"'b&("%b%+'"' Ib9>9b
"'b,("%b%+'"' Ib9>9b
"'-+/"0,Ib<>Ib;:<Ib;><b
#" ,0b).33%,Ib;;;b
&-!&-"%b,"&.%-"(',Ib;;Ab
&"+(_0(+%Ib;<>Ib;=9b
)+,('%_+,)(',b,"&.%-"(',Ib;;?b
*."3_,!(0,Ib;;9b
,"&)%"2b%+'"' Ib;@8b
,-(+2%"'Ib;<AIb;A:Ib;A=b
-,$b,"&.%-"(',Ib;;=b
-2),b(Ib;;8b
0!'b-(b.,Ib9>8Ib;:@Ib;:Ab
0"-!b(-!+b-"/"-",Ib9>8b
0(+b).33%,Ib;;:b
#))8')(38(#Ib,b1&)%Ib98Ib99Ib
9?Ib:>Ib:?Ib:@Ib==Ib@=Ib@@Ib988Ib9<<Ib9>?Ib
9?:Ib:@>b
'--b+(.)Ib98Ib99b
)b'%2,",Ib)+(+&'b )Ib9=b
-$)+b-,$,Ib9;>Ib:<9b
9:8Ib9;?Ib9;@Ib9A@Ib:;>Ib:=AIb<?8b
%(%b(&)%"'Ib@:b
%(,,+",Ib9@@b
,-b)+-",b(+Ib9A8b
(++(0"' Ib9A9b
/(%/"' Ib9A9b

b
 '$!$
-
(!$



$,





b
0!'b-(b+-Ib9@Ab
(%,b


"'-"2"' Ib98Ib9:b !',_('b-"/"-",Ib9;9Ib9;;b
(b-"/"-",Ib:88b ,-b)+-",b(+Ib9;>b
(b(.+,,Ib@Ib9:b 0!'b-(b.,Ib9;>b


(b &,Ib;<<b !'0+"-"' b"'b&-"' ,Ib<;@b

(b(+ '"3-"(',Ib98Ib9:b
0!-b-(b-!Ib9<b
(( %b
,b,(.+b(b&-+"%Ib988Ib989Ib:8<b
1&)%,b.,"' Ib988b
(( %b(,Ib<9:Ib<;;b
(/+'&'-b '",Ib,b+,(.+,Ib:8=b
b"'b&("%b%+'"' Ib=8@b
+,Ib,%b(Ib:?@b
+"' b-"/"-",Ib<?>b
+"' Ib"'b,("%b%+'"' Ib<>;b
+)!",b
,-b)+-",b(+Ib?:Ib?;Ib@:Ib99AIb9::Ib
9:=Ib9<8Ib9==Ib::=Ib::?Ib::@Ib:;8Ib:;<Ib
:=8Ib<;?Ib<;@Ib=<=Ib=<>b
1&)%,b(b.,Ib99AIb9;:Ib9<9Ib9<AIb
::=Ib::?Ib::@Ib:;8Ib:;<Ib:;>Ib:<8Ib;8<Ib
;;@Ib;;AIb;<8Ib<<@b
+(.)_+"-"*.b-"/"-",Ib<@9b
+(.)_",.,,"('b"'-+-"('b)--+'Ib<9:b
+(.)-!"'$Ib<>9b
.,,"' Ib",(.+ "' b"'b-,-,Ib::<Ib::AIb
:;=Ib:=Ab
."b'%2,",b
,-b)+-",b(+Ib9<9b
0!'b-(b.,Ib9;?b
."b+,+!Ib:88b
,-b)+-",b(+-Ib:8;b
0!'b-(b.,Ib:89b
."b-(.+,Ib99;b
,-b)+-",b(+Ib99@b
0!'b-(b.,Ib99>b
."_'%2,",b-"/"-",Ib9;9Ib9;?b
$,

!+0+b,"&.%-"(',Hbb/"b
,"&.%-"(',b
,)$'#8)Ib=A=b
!%-!Ib--+b0"-!b&("%b%+'"' Ib=8;b
!+(b,-(+",Ib98@b
!" !+_%/%b%+'"' Ib;9Ib9;?Ib9<9Ib9<:Ib
9<>Ib9=8Ib9=:Ib9=>Ib9>>Ib9?;Ib9?<Ib9A>Ib
:88Ib:8?Ib:;@Ib:<9Ib:<AIb;;8Ib;;<Ib;<8Ib
;<=Ib<<>Ib<?;Ib<?@b
!"'-,b(+b-,-b*.,-"(',Ib:>Ab
!(&b) Ib<=8b
 b
,b"%b(+&-IbA?b
1&)%,b-!"' Ib@>Ib98:Ib9<@Ib9=9b
!.&(+Ib"'b-,-b*.,-"(',Ib:<?b
!2)+%"'$,b
%"&"-b+_(+&b%"'$,Ib;8?b
-(b+%-b&-+"%,Ib9A:Ib;8=Ib;8>b
!2)+-1-b%"'$,Hbb!2)+%"'$,b


"+$+b &,Ib==Ab
!!*()')#8$"%*)'8$*"#))$#IbA?b
"'(+&-"('b+!"--.+Ib1&)%,b
-!"' IbA?Ib9?9Ib9?;Ib:8@Ib:8AIb::>Ib
;8>Ib;9>b
"'(+&-"('b-2),Ib:;b
"'(+&-"('%b"%&,Ib?8Ib@8Ibb!($b
)+,'--"(',b
"',-'-b&,, "' Hbb!-b
"',-+.-"('%b," 'Ib;Ib@Ib

b
"',-+.-"(',b(+b%+'+,Ib9==Ib9?9Ib:99Ib
::?Ib:;;Ib:;AIb:<:Ib:<=Ib:@8Ib;@8b
"',-+.-(+V,b ."Ib=?8b

b
b




$,



'$!$
-
(!$


b
"',-+.-(+_%b_%+'"' Ib9=;Ib=;Ab
"',-+.-(+,b
--"-.,b+*."+Ib=><b
1)+"'b+*."+Ib=>=b
,$"%%,b+*."+Ib=><b
"'-%%-.%b)"-%Ib,b (%Ib99b
"'-+-"('b)--+',Ib<98b
,$_1)+-Ib<9;b
,$_)+,Ib<9<b
(%%(+-"/_(.&'-Ib<9:b
(&"'"' Ib<9<b
+(.)_",.,,"('Ib<9:b
)'%_",.,,"('Ib<9;b
)(,-_'_(&&'-Ib<99b
)+,'--"('Ib<98b
*.,-"('_'_',0+Ib<99b
,&%%_ +(.)Ib<9:b
,2&)(,".&Ib<9;b
-.-(+"' Ib<98b
'-+'-b+,(.+,Hbbb+,(.+,b
"'-+)+,('%b(&&.'"-"('Ib=<<b
"'-+)+,('%b,$"%%,Ib1&)%,b-!"' Ib
<>Ib@:Ib98?Ib9=:Ib9@<Ib;:<Ib;;;Ib;><b
"'-+/"0b &,Ib<>Ib;:<Ib;><b
"'-+/"0Ib/"+-.%Ib9A;b
"'-+(."' b-()",Ib:A>b
"'/,-&'-Ib1&)%,b-!"' Ib:>Ib9;@Ib
;;Ab
")+"' b+,'-+Ib1&)%,b+-b
0"-!Ib?9Ib@<Ib@=Ib@>Ib9;?Ib9=:Ib9A;Ib;;:Ib
;;=b

)-"' b_%+'"' b-(Ib9;Ib:;@Ib:?;Ib
#" ,0b&(%b(+b-"/"-",Ib<?=b
#" ,0b).33%,Ib;;;b
#(b",Ib=:Ib=;Ib9@?b
,-b)+-",b(+Ib9A<b
%.%-(+,Ib9@@Ib9A:b
!$%",-,Ib9@@b
_(',.%-'-,Ib9@@Ib9A;b
b
%(,,+",Ib9@@b
"'b&("%b%+'"' Ib9A>b
"'b,("%b%+'"' Ib9A>b
++'b,.&&+",Ib9@@b
+)%"' b(.+,,b0"-!Ib9A=b
0!'b-(b.,Ib9@?b
0"-!b(-!+b-"/"-",Ib9A=b
#(b'%2,",Ib9=b
#(.+'%b-"/"-",Ib:8?Ib:98b
#(.+'%,b,b+,(.+,Ib:8<b
!

$20(+,b
(+b-()",Ib;8@b
"'b,("%b%+'"' Ib<<;b
$20(+,b(+b-()",Ib;8Ab
"+$)-+"$Ib('%Ib9><b

,Ib:;b
"

%_(-b-Ib=A=b
%',)b+!"--.+Ib1&)%b
-!"' Ib=;9b
%' . b,$"%%,b+*."+Ib=<;b
%' . ,b
1&)%,b-!"' Ib:;:b
-!"' Ib<?=b
%+,!")Ib1&)%,b-!"' Ib98?Ib9@<b
%_"'b(+b-,-b*.,-"(',Ib:<;Ib:<=Ib:<>b
%+'+,b
;8AIb;;8Ib;<=Ib<@8Ib=<8Ib=<;Ib=<AIb=>@Ib
=?>b
'%23"' b',b'b"%"-",Ib9;Ib:=b
!%%' "' Ib9:;Ib9=8Ib9=>Ib9>@Ib9?9Ib
:8;Ib::<Ib:;=Ib:;@Ib:=@Ib:>9Ib;=@Ib;>AIb
<@Ab
"/"' b('-+(%Ib?;Ib@<Ib@AIb99@Ib9::Ib9:=Ib
9<;Ib9=9Ib:@9b

b
&"'-"'"' b('--b0"-!Ib=:9b
&("%b%+'+,Ib=9>b
&(-"/-"' Ib@;IbA9Ib98>Ib99;Ib99@Ib9;8Ib
9<>Ib:;@Ib;=<Ib=?=Ib=??b
)"$"' b-((%,b-(b,."-Ib=<;b
.,"' b-"&b-"/%2Ib=::b
'$!$
-
(!$



$,





% ""%"-2b(b&("%b%+'"' Ib=:8b
%,,(',b
,b%+'"' b(#-,Ib=b
,b.'"-,b(b_%+'"' Ib=b
%-_&b-"/"-",Ib:A:b


"++2b(b(' +,,Ib@8b

$,

%+'"' b&' &'-b,2,-&,Ib;88b %"++2Ib('%"'IbA@Ib98;b
+'"' b ' +Ib!Ib:?:b %"'$,Hbb!2)+%"'$,b
%+'"' b(#-"/,b Ib;88b
(&)%",!"' Ib<?Ib==Ib:@=Ib;<:b %( b#&,Ib<>9b
,",b(+b(#-,Ib<?Ib<Ab %(/b,-(+",Ib98@b
%+"2"' Ib=8Ib=@?b
(''-b-(b(+ '"3-"('%b (%Ib@b
+"-+"b(+b,.,,Ib:=b
#

-+&"'b-"/"-",Ib=9Ib==Ib9:?Ib9=@Ib & 3"',b,b+,(.+,Ib:8<b
9>:Ib:9<Ib;89Ib;8:b  +Ib(+-Ib9?b
-+&"'b &b,-+.-.+Ib;A9Ib;A:b &$_.)b-"/"-",Ib=>8b
-+&"'b%,,('b(+ '"3-"('Ib<:b &' &'-Ib1&)%,b-!"' Ib98Ib99Ib
-+&"'b-,-,Ib=8Ib:<:Ib:AAIb;88b 9?Ib:>Ib:?Ib:@Ib==Ib?=Ib@<Ib@=Ib@@Ib98?Ib
-+&"'b-()"b"'-+(.-"('Ib:A>Ib:A@b 9<<Ib9=:Ib9@<Ib9A;Ib:;<Ib:>AIb:@>Ib;;;Ib
-+&"'b-()"b-"-%Ib:A<b ;;=Ib;;@Ib;<8Ib<?<b
1&)%,b(Ib:=b &,!.),Ib<<<b
!"++!2b(IbAIb:>Ib:@b &-!"' _%",-b-,-b*.,-"(',Ib::9Ib:;<b
)"$"' Ib::Ib;9b 2(Ib+(,,(+b%-('Ib=A=b
)++*.","-,b(+Ib@IbAIb:>Ib:@Ib;8b &'"' _*.,-b-"/"-",Ib9?8b
)+"&+2Ib9?Ib9@Ib9Ab &"b
+*."+&'-,b(+Ib9?b "'b &,Ib;=<b
,('+2Ib9@Ib:9b .,b(Ib>9Ib>;Ib<?;b
,--"' IbAIb9>Ib=@?b &"Ib.,b(IbA9b
,!(+-!'b(+b,--"' Ib:?b &"_,!+"' Ib<<8b
,"-.-"('Ib:=b &"%b-!",Ib1&)%,b-!"' Ib<<Ib
,)"2"' b,"-.-"('b(+Ib:<b 988Ib9@Ab
-2),b(Ib9@b &"--"('b-"/"-",Ib9>@b
0+"-"' Ib9>b &-"' ,b
%+'"' b(#-,b -"/-"' Ib==@b
,b(.+,b('-'-Ib=b ''(.'"' Ib==>b
,b('b(#-"/,IbAIb<?Ib<Ab ++' "' b-!b,+'Ib==<b
"'Ib<?Ib<@b ('-"' '2b)%',Ib==9b
%-.+,b /%.-"' Ib=>8b
/("b"'b",(/+2b-"/"-",Ib9==b %((+b('-+(%Ib===b
/("b"'b&-"' ,Ib==@b (%%(0"' b.)Ib==9b
-.+'b"'-(b0(+$,!(),Ib==@b

b
b




$,



'$!$
-
(!$


b
. "' b)+(+&'b"'Ib:@:b (''-b-"/"-",Ib=;?b
"&)+(/"' Ib=<@b ('/'-"('%b-"/"-",Ib=;>b
"'b,("%b%+'"' Ib<9@b "'Ib:Ib=89Ib=:@b
),,"' b('-+(%Ib===b ," '"' b(+Ib=9=b
)%''"' Ib=<@b ",(/+2b-"/"-",Ib9=?b
)+)+"' b%+'+,Ib==8b (b-"/"-",Ib=;?b
+!+,"' Ib==:b 1&)%,b(Ib99?b
,!.%"' Ib=<AIb==8b "%b-+"),Ib9:>b
,--"' b.)b-!b+((&Ib===b &,Ib9>9b
,--"' b.)b-!b0(+$,--"('Ib==;b "'b(-!+b(+&,Ib=;>b
0!'b'Ib=<9b #(b",Ib9A>b
&,, ,b (+" "'%_0(+$b-"/"-",Ib:9:b
"%-+"' Ib<=8b (/+(&"' b%"&"--"(',Ib=:8b
+"' b+"-+"Ib<>=b )('+b-"/"-",Ib9?>b
,*.',b(Ib<:@b )+-"b-"/"-",Ib9<=b
,)(+"b+(,-,Ib<:>b )+,'--"(',IbA;b
&--Ib(+b-()",Ib=8Ib;8?b *.,-"('"' b-"/"-",Ib9@<b
&-)!(+,Ib"'b-,-b*.,-"(',Ib:<?b *."3_,!(0b &,Ib;;9b
&"+(,'+"(Ib:@?b +"' b-"/"-",Ib98=b
"+(,(-b
-"/b+/+b ,Ib1&)%b +%b&("%b%+'"' Ib=:@b
.,"' IbA>IbAAIb99=Ib99AIb9?9Ib9?;Ib:98Ib +,+!b-"/"-",Ib:8>b
;9>Ib;;?Ib<@9b ,/' +b!.'-,Ib9A@b
"+(,(-b
-"/b+/+b ,Ib1&)%,b ,-(+2-%%"' Ib99:Ib9@?b
.,"' Ib9>Ab -,-,Ib:@;b
"+(,(-b1%Ib1&)%,b.,"' Ib?=Ib9<@Ib 0!'b-(b.,Ib=89b
;;@b ((%Ib1&)%,b+-b0"-!Ib9?<Ib<=9Ib
"+(,(-b(0+("'-Ib1&)%,b+-b <>@b
0"-!Ib<=Ib<>Ib?9Ib@<Ib@=Ib@>IbA9Ib98?Ib9<@Ib &(,"b&(%b(+b-"/"-",Ib<?=b
9=:Ib9A;Ib:88Ib::=Ib:;8Ib:;<Ib:@?Ib:A8Ib &(-"/-"' b%+'+,Ib@;IbA9Ib98>Ib99;Ib99@Ib
;8<Ib;9>Ib;:=Ib;;:Ib;;=Ib;;>Ib<?8Ib<?<Ib 9;8Ib9<>Ib:;@Ib=?=Ib=??b
<??Ib<@:b &(-"/-"('Hbb%+'+,Ib&(-"/-"' b
"+(,(-b(+b &.,.&,Ib99;Ib99Ab
,b"%b(+&-IbA?b ,-b)+-",b(+Ib98;Ib9::b
1&)%,b.,"' Ib@=Ib:8AIb=>?b 1&)%,b(Ib99Ab
&"+(_0(+%b(+b &,Ib;<>Ib;=9b "'- +-"' b"'-(b_%+'"' Ib9:;b
&",,"(',Ib"'b &,Ib;?>b %%"' b1!""-,Ib9:<b
&("%b%+'"' Ib=89b 0!'b-(b+-Ib9:9b

,(+b-"/"-",Ib=;>b &.,"b
)-"' b1",-"' b%+'"' Ib=8=b ,-b)+-",b(+Ib9?9b
)"%"-",b(b/",Ib=8?Ib=9AIb=:8Ib &.,"Ib,-b)+-",b(+Ib9<8Ib9>@Ib<;9b
=::b
(&)(,"-"('b*.,-"(',Ib:;@b

b

b
$

'++-"('Ib?:Ib@:Ib99@b
'/" -"('Ib"'b-,-b*.,-"(',Ib:>:b
'-"*.--Ib<;@b
'-0(+$b+%""%"-2Ib=:=b
'-0(+$b,)Ib?AIb@9Ib<:;Ib=:<b
'0,b'-0(+$,b,b+,(.+,Ib:8=b
'0, +(.),b,b+,(.+,Ib:8=b
'0,))+,b,b+,(.+,Ib:8=b
'"-)"$"' Ib=?Ab
'('_(_-!_(/b!(",Ib:=;b
'.-+"-"('Ib1&)%,b-!"' Ib;;?b
%

(,+/_'_(&&'-b-"/"-",Ib9=<b
(,(%,'b(b-,-b*.,-"(',Ib:=:b
('%"'b&-"' ,Hbb&-"' ,b
()'b"'*."+2Ib<AAb
()+-"('%b"&)+(/&'-,Ib,b (%Ib99b
(+" "'%_0(+$b-"/"-",Ib=:Ib=<Ib:8?b
,-b)+-",b(+Ib:99b
","('Ib:8@b
"'b&("%b%+'"' Ib:9:b
"'b,("%b%+'"' Ib:9:b
#(.+'%Ib:98b
0!'b-(b.,Ib:8?b
0"-!b(-!+b-"/"-",Ib:9:b
0(+$_(.&'-Ib:8@b
(.-((+b,.#-,Ib-!"' Ib=8:b
(.-%"'b"-&,b-"/"-2Ib9;Ab
(/+/"0Ib(&"'b0"-!b,.&&+2Ib;8<b
&

)$bY&b&(%Ib<b
)'%_",.,,"('b"'-+-"('b)--+'Ib<9;b
))+Ib,b&("%b/"Ib=:>b
)--+',b(b"'-+-"('Hbb"'-+-"('b
)--+',b
b
'$!$
-
(!$



$,





)+(+&'b,.))(+-Ib(+b&("%b
%+'+,Ib=8?b
)+(+&'b-,-b*.,-"(',Ib:::b
)+&",,"(',Hbb()2+" !-b)+&",,"(',b
)+,('%_+,)(',b,"&.%-"(',Ib;;?b


)!(-( +)!,b
$,

,-b)+-",b(+Ib?;Ib@:Ib9:=Ib9<8b
1&)%,b(b.,Ib@:Ib98?Ib99?Ib99AIb9=:Ib
:;>Ib;;>Ib<;?Ib<;AIb<<@Ib=<=b
)!(-( +)!2Ib1&)%,b-!"' Ib?:Ib
9A:Ib<::Ib<;?Ib<;AIb<<?Ib<<@Ib<@:Ib<@<Ib
=<=Ib=>?Ib=?;b
)!+,"' b
-,-b*.,-"(',Ib::;Ib:;9Ib:;:Ib:<;Ib:<<Ib
:<=Ib:<>Ib:<AIb:=8Ib:=@b
-"-%,b(b-()",Ib:A<Ib:A=b
)!2,"%b%,,+((&Ib.,b2b&("%b
%+'+,Ib=8=b
)!2,"%b&(',-+-"(',Ib?8Ib?:b
)!2,"%_%,,+((&b%+'"' Ib;@b
)"$_&.%-")%b-,-b*.,-"(',Ib::9Ib::@b
)"$_('b-,-b*.,-"(',Ib::9Ib::=b
!$)5(8*8)$8'$*#8 #Ib98Ab
)% "+",&Ib=@8b
)%.,""%"-2b(b-,-b',0+,Ib:=>b
)(,-,b
."(Ib<;8b
,-b)+-",b(+Ib<;9b
/"(Ib<;:b
)(%%,Ib=<;b
,2'!+('(.,Ib<<@b
,-b)+-",b(+Ib<<Ab
'+"Ib<<Ab
"'b,("%b%+'"' Ib<<>b
,)('-'(.,Ib<<?b
,2'!+('(.,Ib<<@b
-2),b(Ib<<?b
)('+b-"/"-",Ib=:Ib=;Ib9>>b
"-b1&)%Ib9?9b
/%.-"('Ib9?:b
"'b&("%b%+'"' Ib9?>b
"'b,("%b%+'"' Ib9?>b
b




$,



'$!$
-
(!$


b
&"--"('b-"/"-",Ib9>@b
+!-(+"%b*.,-"('Ib9>?b
,.&&+2b-"/"-",Ib9?<b
0"-!b(-!+b-"/"-",Ib9?=b
)((%"' b-,-b*.,-"(',Ib:?8b
)(+-(%"(,Ib,b%-+'-"/,b-(b-,-,Ib:@:b
)(,-_'_(&&'-b"'-+-"('b)--+'Ib
<99b
(0+("'-Hbb "+(,(-b(0+("'-b
(0+("'-b0"--+b((%,b2b
bb
:H8Ib1&)%b.,"' Ib<?8b
)+-"b-"/"-",Ib=:Ib=;Ib9:AIb9;8b
,-b)+-",b(+Ib9<;b
+"%%b'b)+-"Ib9;:b
."_'%2,",Ib9;?b
!',_('Ib9;;b
"'b&("%b%+'"' Ib9<=b
"'b,("%b%+'"' Ib9<=b
)+(/""' b"&&"-%2Ib@@b
0!'b-(b.,Ib9;8b
0"-!b(-!+b-"/"-",Ib9<<b
)+-"Ib(+b.''-Ib;>?b
)++*.","-,b
"'-"2"' Ib:>Ib:AIb;8Ib;<b
(b(#-"/,IbAIb:@b
)+,'--"('b"'-+-"('b)--+'Ib<98b
)+,'--"(',Ib=:Ib>Ab
. &'-"' Ib@Ab
,-b)+-",b(+Ib@<b
",.,,"('Ib?9Ib@:b
+&Ib?8Ib@9b
"'b&("%b%+'"' IbA;b
"'b,("%b%+'"' IbA:b
"'(+&-"('%b"%&,Ib?8Ib@8b
)!2,"%b&(',-+-"(',Ib?8Ib?:b
,%"b,!(0,Ib?8Ib?9Ib=<=b
,(-0+b&(',-+-"(',Ib?8Ib?<b
-2),b(Ib?8b
0!'b-(b.,Ib>Ab
0"-!b(-!+b-"/"-",IbA:b
)+_-,-"' Ib=9Ib:?@b
b
)+"'-"' Ib," '"' b(+IbA?Ib9;=Ib9@@Ib9A<Ib
=>Ab
)+(%&b%+'+,Ib=??b
)+(.+Ib(+b&-"' ,Ib==;Ib==>b
)+(,,"('%b,,("-"(',Ib,b+,(.+,Ib
:8<b
)+("%b) Ib<=8b
)+( +&b()+-"('b
1&)%,b-!"' Ib??b
)+( +&b()+-"('Ib1&)%,b-!"' Ib
?>Ib??b
)+( +&&"' Ib1&)%,b-!"' Ib:;;Ib
:><Ib;;9b
+(#-b.-'+ Ib989b
)+(#-b&' &'-Ib1&)%,b-!"' Ib
98Ib99Ib9?Ib:>Ib:?Ib:@Ib==Ib@<Ib@=Ib@@Ib988Ib
9<<Ib:;<Ib:>AIb:@>b
'

G
Hbb*.,-"('"' b-"/"-",b
*.,-"('_'_',0+b"'-+-"('b
)--+',Ib<99b
*.,-"('"' b-"/"-",Ib=:Ib=;Ib9?>Ib=>:b
,-b)+-",b(+Ib9??Ib9?AIb9@8Ib9@9Ib
9@:b
"'b&("%b%+'"' Ib9@<b
"'b,("%b%+'"' Ib9@;b
&!'",&,Ib9@9b
0!'b-(b.,Ib9??b
0"-!b(-!+b-"/"-",Ib9@;b
*.,-"('"' b"'-+-"('b)--+'Ib<99Ib<9;b
*.,-"(',Hbb-,-b*.,-"(',b
*."3_,!(0b &,Ib;;9b
(

+'(&"3"' b
-,-b!(",Ib:?9b
-,-b*.,-"(',Ib:?9b





b&(%Ib<b

b
+-"' Ib"'b,("%b%+'"' Ib<<>b
+-"('b))+,Ib9=<b
+"' b-"/"-",Ib=:IbA;b
,-b)+-",b(+Ib989b
"'b&("%b%+'"' Ib98=b
"'b,("%b%+'"' Ib98<b
0!'b-(b.,IbA<b
0"-!b(-!+b-"/"-",Ib98;b
+%",&Ib"'b &,Ib;=8b
++-_&(.,_1&)%,b-"/"-",Ib9<8b
+," 'Ib><Ib>=b
++'b&-+"%,Ib,-'+IbA>b
++'b,.&&+",Ib9@@b
+!+,"' b&-"' ,Ib<<8b
+).--"('Ib,b (%Ib99b
+,+!b-"/"-",Ib=:Ib=;b
,-b)+-",b(+Ib:8;b
."b+,+!Ib:88b
"'b&("%b%+'"' Ib:8>b
"'b,("%b%+'"' Ib:8>b
,/' +b!.'-Ib9A@b
0"-!b(-!+b-"/"-",Ib:8>b
+,+!Ib ."Ib9A>b
+,(.+,b
,b%-+'-"/b-(b-!"' Ib;Ab
,b)+-b(b(#-"/Ib:=b
+.,b
(b1",-"' b('-'-Ib=:?b
(b-()",Ib;9;b
(b.'"-,b(b_%+'"' Ib;9;b
)%''"' b(+Ib9=9Ib;9;b
 b"'b&("%b%+'"' Ib=98b
+!-(+"%b*.,-"(',Ib9>?b
"!b1-b(+&-Ib,b"%b(+&-IbA?b
+(%_)%2"' b &,Ib;<9b
+(%_)%2"' b,'+"(,Ib<?>b
,-b)+-",b(+Ib<?Ab
'+"b+(%,Ib<@8b
&-!"' b+(%b-(b%+'+Ib<@8b
,.#-_,)""b+(%,Ib<?Ab
b
'$!$
-
(!$



$,





+(%,b
"'b &,Ib;=8Ib;=AIb;@8b
"'b&-"' ,Ib=<@b
"'b+(%_)%2"' b-"/"-",Ib<?Ab
Hbb"!b1-b(+&-b


$,

)

,(- Ib<>8b
,+"b,-+.-.+Ib;?@b
'b+'",(b+-!*.$Ib,b1&)%Ib
@8b

b+2,-%b,!(+b," 'Ib
1&)%,b+-b0"-!Ib9<@Ib;;@b
($!#Ib;>Ab
,/' +b!.'-,Ib9A@b
,-b)+-",b(+Ib9AAb
0!'b-(b.,Ib9AAb
,'+"(b&(',-+-"(',Ib?>b
,'+"(,b
"'b-,-b*.,-"(',Ib:<Ab
&"+(,'+"(,Ib:@?b
,(+"' b-,-,b
2b(&).-+b(+b!.&'Ib::8b
+(+"' b,(+,Ib:9?b
,+&%_-"%,b).33%,Ib;;;b
,+)(($Ib,b ."b+,+!Ib:8:b
,+!b"%"-2Ib<8Ib988Ib9:8b
,*.'_-2)b*.,-"(',Ib::9Ib:;=b
,*.'"' b
!(",b"'b-,-,Ib:=@Ib:>8Ib:?=b
%+'"' b(#-"/,Ib<:b
-,-b*.,-"(',Ib:>:b
,!+"' b"%,Ib<<8b
!%-('IbHb +-"'Ib@8b
,!(+-_%,!b,-+- 2Ib;??b
,!(0_&b-"/"-",Ib?<Ib:A9b
,!.%"' b-,-b!(",Ib:?9b
,"$"$Ib(+b&-"' ,Ib==;b
,"02,b,*.'"' Ib<;Ib<>b
"&('Ib++-Ib9A?b
b




$,



'$!$
-
(!$


b
,"&.%-"(',Hbb!($Ib &,b ,("%b%("' Ib<=Ab
(!b-,$Ib;@>b ,("%b'-0(+$Ib<8b
"+b+(&b &,Ib;:=b -(b',0+b*.,-"(',Ib9?@b
'/"+('&'-%Ib;<8b ,(-0+b&(',-+-"(',Ib?8Ib?<b
&' &'-Ib;;@b ,(-0+b,"&.%-"(',Ib;;=b
&-!&-"%Ib;;@Ib;;Ab ,(-0+Ib(+b,("%b%+'"' Ib<9=b
,(-0+Ib;;=b ,)&&"' Ib=?Ab
,"-.-"('Ib,b)+-b(b(#-"/Ib:<Ib:=b ,-'%('b_%+'"' Ib:Ib;>b
,%"b,!(0,Ib?8Ib?9Ib=<;Ib=<=b (+b&("%b%+'+,Ib=8>b
,&%%_ +(.)b"'-+-"('b)--+'Ib<9:b -0+-Ib!(&,Ib9A?b
,()(1"' Ib<=Ab ,-()_'_-!"'$b*.,-"(',Ib9>@b
,("%b(($&+$"' Ib<<:b ,-(+2%"'Ib"'b &,Ib;<AIb;A:Ib;A=b
,("%b!"-!!"$"' Ib<=Ab ,-(+2_,!+"' Ib=:Ib=;Ib98=b
,("%b"'*."+2Ib<AAb ,-(+2-%%"' Ib=:Ib=;Ib@:Ib98=b
,("%b%+'"' b ,-b)+-",b(+Ib998Ib9@>b

,(+b-"/"-",Ib<>>b 2b%+'+,Ib=:Ib=;Ib9@<b
(''-b-"/"-",Ib<>?b 2b-!+,Ib=:Ib=;Ib98?b
('/'-"('%b-"/"-",Ib<>>b ",,-+b,-(+",Ib98Ab
"'Ib:Ib;AAIb<89b ",(/+2b,-(+",Ib98Ab
," 'b(Ib<8:b !+(b,-(+",Ib98@b
",(/+2b-"/"-",Ib9=?b "'b&("%b%+'"' Ib99:Ib9@?b
(b-"/"-",Ib<>?b "'b,("%b%+'"' Ib99:Ib9@?b
"%b-+"),Ib9:>b %(/b,-(+",Ib98@b
(+b&("%b%+'+,Ib=8>b -+ 2b,-(+",Ib98Ab
&,Ib9>9b 0!'b-(b.,Ib98>b
+b"+%2Ib<>;b 0"-!b(-!+b-"/"-",Ib999Ib9@>b
#(b",Ib9A>b ,-.'-V,b ."Ib=>@b
(+" "'%_0(+$b-"/"-",Ib:9:b ,.#-b%"'b"'b&,, ,Ib<9?Ib<@>b
)('+b-"/"-",Ib9?>b ,.#-"/b/,Hb(#-"/b-,-b*.,-"(',Ib
)+-"b-"/"-",Ib9<=b ::8b
*.,-"('"' b-"/"-",Ib9@;b ,.&&+"3"' b-()",Ib;8;b
+"' b-"/"-",Ib98<b ,.&&+2b-"/"-",Ib9?<b
+*."+&'-,b(+Ib<8>Ib<8@b ,2%%.,Ib=?:b
+,+!b-"/"-",Ib:8>b ,2&)(,".&b"'-+-"('b)--+'Ib<9;b
,"&.%-"(',IbA:b
,(-0+b(+Ib<9=b
,-(+2-%%"' Ib99:Ib9@?b
*

-&b%+'"' Ib<A8b - "' b(+b+-+"/%Ib<<;b
-,-,Ib:@:b -%'-b ),Ib<>:b
-2),b(Ib<88b -+"',,Ib=?@b
0!'b-(b.,Ib<8<b -,$b,"&.%-"(',Ib;;=b
0!+b-(b.,Ib<8b

b

b
-&,b
-"/"-",b(+Ib<?<Ib<?>Ib<@8Ib<A?Ib<A@b
&"'",-+-"('b(Ib<=;b
%" '"' b (%,Ib<A:b
b!/"(+Ib<>8b
1)+-",b(b&&+,Ib<A;b
"'b,("%b%+'"' Ib<A8b
()'b"'*."+2Ib<AAb
)+(,,,Ib<A?b
+*."+&'-,b(+b,.,,Ib<A9b
+(%,b(b&&+,Ib<A=b
-&_-,$b-"/"-",Ib<?<b
-&0(+$b-"/"-",Ib<?<b
-&)%-,b(+b-()",Ib;9Ab
-,-b*.,-"(',b
,(%.-Ib:=:b
))%"-"('_+%-Ib:<AIb:=8b
.-(&-"%%2b '+-"' Ib:?:b
/(""' b-+"$b*.,-"(',Ib:?<b
%"$_"'_)"-.+Ib::?b
%(3Ib:;:b
(&"'"' Ib:>8b
(&)(,"-"('Ib:::Ib:;?b
(&)(.'Ib:<@b
",(.+ "' b .,,"' Ib::<Ib::AIb:;=Ib
:=Ab
$Ib:<<Ib:>;Ib:><Ib:>=Ib:>>b
"%%_"'_-!_%'$,Ib::9Ib:;9b
%_"'Ib:<;Ib:<=Ib:<>b
&$b"')''-Ib:>9b
&$"' b"')''-Ib:>9b
&-!"' _%",-Ib::9Ib:;<b
(,(%,'b(Ib:=:b
)+(+&'Ib:::b
)!+,"' Ib::;Ib:;9Ib:;:Ib:<;Ib:<<Ib:<=Ib
:<>Ib:<AIb:=8Ib:=@b
)"$_&.%-")%Ib::9Ib::@b
)"$_('Ib::9Ib::=b
)%.,""%"-2b(b!(",Ib:=>b
)((%"' Ib:?8b
+'(&"3"' b!(",Ib:?9b
+'(&"3"' b*.,-"(',Ib:?9b
b
'$!$
-
(!$



$,





+/%"' b',0+,Ib:>8b
+!-(+"%Ib9>?b
,'+"(,Ib:<Ab
,*.'_-2)Ib::9Ib:;=b
,*.'"' Ib:>:b


,*.'"' b(b!(",Ib:=@Ib:>8Ib:?=b
$,

,-'+b(+&-Ib:<;b
,-()_'_-!"'$Ib9>@b
,.#-"/b/,Hb(#-"/Ib::8b
-+.^%,Ib::9Ib:::b
-2),b(Ib::8b
-2),b(Ib::9b
0+"-"' b-"/b*.,-"(',Ib:<;b
-,-,Ib:9=b
%-+'-"/,b-(b(+&%b-,-,Ib:@9b
,b('b(#-"/,IbAIb=8b
+-"' Ib:?;b
"+',,Ib:;?Ib:?;b
(+b-()",IbAIb=8Ib:AAb
&,Ib9>8b
+"' b,%Ib:?@b
"&)+(/"' Ib:?;b
"'b&("%b%+'"' Ib:@;b
"'b,("%b%+'"' Ib:@:b
).+)(,,b(b-,-"' Ib:9=Ib:9>Ib:9?Ib:@8b
+(+"' b,(+,Ib:9?b
+)(+-"' b,(+,Ib:>;b
,(+"' Ib::<Ib:;?Ib:;AIb:<8Ib:?>b
,--"' b),,"' b,(+Ib:?>b
-"&"' b(Ib:?=b
-2),b(b*.,-"(',Ib::8Ib::9b
0!-b&,.+Ib:9@b
-1-(($,Ib=?>b
-1-_('+'"' Hbb!-b
-1-_'-+2Ib,"&)%"2"' Ib=:>b
-1-"' b"'b&("%b%+'"' Ib=99b
-1-_&,, "' Ib"'b,("%b%+'"' Ib<9?b
-"-%b(b-()"Ib:A<b
-($',Ib(%%-"' Ib:@:b
-((%,Ib)"$b-(b,."-b%+'+,Ib=<;b
-()_(0'b,*.'"' Ib<;Ib<<b
b




$,



'$!$
-
(!$


b
-()",Ib:@=b
-"/"-",Ib=9Ib;89b
,

'-(&2b(Ib:A;b /%.b#. &'-,Ib-,-"' Ib::@b
,b%+'"' b(#-,Ib=Ib:@=b /",-,Hbb)(,-,Ib/"(b
,b+")b+,Ib;9;b /"(b
,b.'"-,b(b_%+'"' Ib=b ,-b)+-",b(+Ib?;Ib?AIb@9Ib@:Ib@<Ib9==Ib
(&)(''-,b(Ib:A<b <::Ib<:;Ib=<<b
,+")-"('Ib;8@Ib;98b 1&)%,b(b.,Ib?:Ib@8Ib<::b
," '"' b(+b+.,Ib;9;b /"(_('+'"' Ib<::Ib=<;b
1&)%,b(Ib:@>b /"+-.%b"'-+/"0Ib9A;b
!2)+%"'$,Ib;8=b /"+-.%b%(+-(+",Hbb/"+-.%_
"'-+(.-"('Ib:A>b %(+-(+2b-"/"-",b
$20(+,Ib;8@Ib;8Ab /"+-.%b&'.-.+"' Ib1&)%,b
%( "%b," 'Ib;98b -!"' Ib@Ab
&--Ib;8?b /"+-.%b&.,.&,Hbb&.,.&,b
,.&&+2Ib;8;b /"+-.%b+%"-2Ib9:<b
-&)%-,b(+Ib;9Ab /"+-.%_%,,+((&b(.+,,b
-,-,Ib:AAb "'Ib:b
-"-%Ib:A<b ," '"' b(+Ib=;Ab
-+ 2b,-(+",Ib98Ab (+b&("%b%+'+,Ib=8>b
-+',+")-,b(b'++-"('Ib@=Ib<:8b "',-+.-(+V,b ."Ib=?8b
-+"$b*.,-"(',b"'b-,-,Ib:?<b %+'"' b2%,Ib=>>b
-+" +,b(+b))%"-"('b(b%+'"' Ib:=b ,%-"' b"',-+.-(+,Ib=>;b
-+.^%,b-,-b*.,-"(',Ib::9Ib:::b ,-.'-V,b ."Ib=>@b
-+.,-Ib%(,,b(Ib<>9b ,2%%.,Ib=?:b
.&%+Ib1&)%,b+-b0"-!Ib9@<Ib<:Ab -!"' b-"/%2Ib=>=b
-.-(+"' b"'-+-"('b)--+'Ib<98b 0!+b-(b.,Ib;?b
-2)"' b,$"%%,b+*."+Ib<:8Ib=<<b /"+-.%_%(+-(+2b-"/"-",Ib9<?b
/("b
+
,-b)+-",b(+Ib?:Ib@:Ib999Ib9==Ib:>=Ib
<:9Ib<;9Ib<<8Ib=<<Ib=<>b
HHb(%( "%b.+/2Ib9A@b 1&)%,b(b.,Ib?9Ib@:Ib98?Ib9=:b
HHb "++2b(b(' +,,Ib@8b /("b(/+b Ib<:8b
.'"-,b(b_%+'"' Ib=b /(-"' Ib"'b,("%b%+'"' Ib<<>b
.+ '2Ib)+"/Ib<9?b
.,"%"-2b-,-"' Hbb,,'-"%",&b
., b)(%"2Ib989b
-

.,+_"'-+b ."%"',Ib=:>b 0+'_'_,(+'b&(%Ib<b
.,+_"'-+b-(.+,Ib?>b !)8$8 #$,!38Ib9A?b
b+,(.+,IbAAIb:8;b
b-(.+,Ib99@Ib=<;b

b

b
"'+,Ib=<8Ib=>8b
0!-_ _%+'b",.,,"('Ib<>@b
0!"-(+,Ib<;>Ib=<;b
,-b)+-",b(+Ib<;@b
(+b(&&.'%b%+'"' Ib<;?b
(+b/",.%b%+'"' Ib<;>b
0"$",Ib<9:Ib<;<b
b b
b
'$!$
-
(!$



$,





0(+b &,Ib;;:b
0(+$b-"/"-",Hbb(+" "'%_0(+$b
-"/"-",b
0(+$_(.&'-b-"/"-",Ib:8?Ib:8@b
0(+%Hbb&"+(_0(+%b(+b &,b


0+"-"' Ib1&)%,b-!"' Ib:98Ib<@9b
$,