/%,%4*'%:
5.73<6-1% (4%)%
(%<-1% 3*4%! (24)%1- )*"%17
56 )25-6*"*'% 32 3/%17 LMK
(IADH=
&KIP
3BM=E
7 2'20 &42"7
LMK
)21%:-"%
'*/-.2 54:* "2< '*$*( %5%
:BH=
ADH
*
4*.215647.:-"% -16*41-56-;.* &2/1-:*
8%&4-.% /%.-9 %'-21%
7,/*6 1% *'4235.2 64+-<6*
LBJMBG>=K
LMK
12'2 4792 ,% 3*6 0*5*:-
LMK
! ! # ! "
& !# %#) '
" $# % " % (#"
LMK 54*&41- .%,%1
!
)'2)1*'12 )47+*#* .2) 0-/76-1% LMK
5?D ?=OD I@F=LD H= 4=ADPN 6BFB?DCDPD D HI?DH=G=
5%02
ADH=K= 3)'
,"*-"'
) ! *" - % ! ) *" - %
%) *+ $ . + ( . (" ( * !
. "% ," ( 2" +"#"+ ($ $ + 1 # ) + 1.(
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
1TP TCLCE SHOCTPR \H PGMUYKP GC U PGDRCOU ZHVC SEP\H GRICEH OKNCMP QRKSTP\OKN RHYKNC PXROK :UTKOC K ;USK\K QPRUYK LCLP JCSMUIU\H DP]HF QRHGSHG OKLC 4NC ERHNHZOK 7HLH\O OC RCEOP QRCEP GC P SECLPN NKSMK LCLP IHMK CMK U PEPN SMUYC\U \H OHUPDKYC\HOP FGH \H QRPOCZCP 4JGCECY
QMCXGCRN JC IHSTPL OCQCG 8K\H MCLP OCKNH GC SH U 7PSLEK OHLC OPEKOC QPRHGK SC (*U\PRL TC\NSPN' QC SU LPOFRHSNHOPEK SCRCGOKXK (UMPEKMK' U FMCEOPN FRCGU ;? MKST SC JEUYOKN KNH OPN (:RCEGC' , U TPN FRNU K MHIK JHX ULPMKLP OH UMCJKNP U SCGRIKOU YMCOLC LP\K \H QRHQUO LPOSTCTCXK\C QPQUT POKW P GKLTC TURK JMPYKOXKNC CGEPLCTU UDKXC SPQSTEHOPF OCRPGC K SMKY OKN PQTUIDCNC KJ CRSHOCMC .C ZKOFTPOC U EHJK SC <KRK\PN K QRHGSHGOKLPN ,SCGPN 7HLH\O SH RUSLP\ \CEOPSTK PD RCTKP QUTHN (:RCEGH' LP\C PYKTP OK\H GOHEOKL P LPNH SU GPDKMK SCJOC^H =P OK\H OCKNH MKST LP\K \H U GPDC <<<; C LCP PRFCO SEHULUQOH EMCSTK EHGRKP K PDMC YKP ,NHRKLCOCX \H OCZCP QRP STPR U QRHRCSMPN QPRTCMU ZTP IHMK GC DCZTKOK STCRU SMCEU K QRCEP OC TP KNH OCSTP\K EH_ GUIH GC PSTECRK SUGSLKN QUTHN .MCS OKL \H KJEHSOK QPNHZCOK 5CJCW STCOCX K >JDHL FPGKZ^K RCOK\K OPEKOCR STHLCP LCQKTCM U QRHQPJOCT]KEP\ QRKECTKJCXK\K PGMUYCO GC PDKNOKN UMCFC^KNC K CNDKXK\PN SC VKRNPN QPJOCTP\ U SPE\HTSLP RUSLP\ K SEHTSLP\ IUROCMKSTKXK PQSTCOH OC TRIKZTU 8HNC SUN^H GC _H U TPNH K USQHTK CMK (:RCEGC' OC LP\U SU ,NHRKLCOXK RCYUOCMK \H PNCZLC 8K\H QPSTKFOUT HVHLCT RCECO YMCOLU :UTKOC U DHJ SUN^H QP ZTPEOPN (*U\PRL TC\NSU' 9TUQ ]HOC \H PZTRKXC OCQCGC \PZ \HGOC CLXK\C EHJCOC JC RCTOH QP LMKYH U SEHTU \H QRPQCMC TKNH SH QPQUT DCMPOC PG SCQUOKXH RCS QRZKMC DCR TRHOUTOP GUFP FC\HOC KMUJK\C P DHSQPFPEPROP\ SOCJK CNHRKYLH QRPQCFCOGOH NC ZKOHRK\H
<EUFGH SH U SEHTU SEH THIH IKEK QC \H JCSKFUROP K JDPF TPFC OCRPG U RCJOKN GHMPEKNC QMCOHTH SEH EKZH QRPTKE RCTC 8C\OPEK\C KSTRCIKEC^C U ,NHRKXK RHXKNP GPLCJU\U GC EKZH PG QPMPEKOH STCOPEOKZTEC
OK OC LP\K OCYKO OH QRKWECTC QMC OPEH 9DCNH K ^HFPEKW SCEHTOKLC JC DHJDHGOPST LCG SU U QKTC^U QMCOPEK JC PTECRC^H OPEKW RCT OKW VRPOTPEC , \HGEC PGSTP SH KJ\CZC^CEC JC EP\OU PQXK\U K QPRHG TPFC ZTP JECOKYOKXK UQPROP UEHRHEC\U GC SU CNHRKYLC DHJDHGOPST K OCXKPOCMOK KOTH RHSK UFRPIHOK ACL K U JHN]CNC LCP ZTP SU ?RCOXUSLC =URSLC KMK 4JRCHM YK\H SU SH EMCGH JECOKYOP KJ\CS OKMH GC DPNDCRGPEC^HN SNHOH ,SCGC K QPNCIU_K QPDU^HOKLH PRUI\HN K OPEXHN GPEHGU OC SKMOP EMCST QP SEP\P\ EP]K U <K RK\K \CEOP NOH^H OH SLRKEC DUOT QRPTKE TCLEH QPMKTKLH > YMC OKXC 1> OCRPG \H SC KNQPJCOT OKW QRPXHOTC HOHRFKYOP JC NKROP QPMKTKYLP K GKQMPNCTSLP RHZH^H SULPDC <KRK\SLC EMCST \H EH_ QRH GCMC LCLP SU U 2HOHEK GPFPEP RKMK ZHVPEK GKQMPNCTK\H ;USK\H K <,0 SQKSLPEH FGH SH OCMCJH SLMCGKZTC WHNK\SLPF PRUI\C >SMHGK_H QPSTUQCL CMK OK\H KS L]UYHOP GC (SCEHJOKXK' OH PGU STCOU PG DPNDCRGPEC^C RULPEP[HOK K SCJOC^HN GC SU QP DU^HOKXK U FPTPEP DHJKJMCJOP\ SKTUCXK\K K QPRHG TPFC ZTP SU SOCDGHEHOK K PFRPNOKN JCMKWCNC DCZ SQPROPF OCPRUIC^C , 9DCNC GC DK SCYUECP PDRCJ U KJ DPROP\ DCJK OH QRPQUZTC GCO GC QPRUYK (>EHL KNCN NPFU_OPST GC OCRHGKN KOTHREHOXK\U ' 3ECOKYOPN 0CNCSLU KGH OC RULU PGUFPEMCYH^H \HR SECLK OH UTRCMOK QPSNCTRCY TERGK GC ,SCG OH NPIH GC KJFUDK RCT DHJ PDJKRC OC TP ZTP OC SEP\P\ THRKTPRK\K KNC OC\NC^H WK]CGC THRPRK STC RCYUOC\U_K K PGRHGH ,M LCKGH LP\C \H SQRHNOC GC EP\U\H K ZKRPN 1ERPQH K QPSHDOP U ,NH RKXK <KRK\C \H NH[UTKN JC NKRP EOU LPOVHRHOXK\U K RCSQKSKEC^H SEHPQZTKW KJDPRC QPG TPMHRCOT OKN USMPEKNC TKN QRH ZTP \H QRKERHGC JC QRPTHLMH GEH K QP FP GKOH KJFUDKMC OHGPLOCGKEKW NKMK\CRGK GPMCRC BTHTC _H SH GPL SULPDK OH DUGU JCUSTCE]HOK UEH_CECTK JCWEC]U\U_K K UQPR
&& 0KRHLTPR K FMCEOK K PGFPEPROK URHGOKL !&# ) &/&"' ,GRHSC RHGCLXK\H 5RC]HEP 5POCRHEP >RH[U\H "+!.("! "&# !.*$ 6HLTPR /!0 0KJC\O & , !0 9FMCSK
+
OKN HLPOPNSLKN SCOLXK\CNC K QRHT^CNC LP\H QPG CNHRKYLKN K HERPQSLKN QRKTKSLPN SEH EKZH STKIU KJ SUSHGOKW CRCQSLKW K NUSMKNCOSLKW GRICEC
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
"+%"&)
SH LCP QRH EKZH FPGKOC U -CFGCGU 8HNCYLC LCP OC\\CYC HLPOPN SLC SKMC U 1ERPQK JCQMHMC SH U SEP\KN KJDPRKNC 7HRLHMPEC \H GPDKMC \PZ \HGCO LCXHMCRSLK NCOGCT K SCG _H DHJ FUDKTOKLC .HSTHREHMHC SC OPEKN SCRCGOK XKNC LP\K OH_H SNCTRCN DMCFP OCLMPOK\H FMHGCTK QRHNC <RDK\K QUOKN \HGRKNC GC U\HGK^U\H SEH EKZH OHSCFMCZHOU >OK\U SC SH GKZTHN U -RKSHMU )HGCO PG JCGC TCLC DK_H K >LRC\KOC WP_H \H QPG SEP\ LRPE CMK QPG USMPEPN GC SH PGRHLOH XCRKOSLPF SCEHJC K QRK EKMHFK\C LP\H GC\U SOCIOC ;USK\C K \PZ OHLH OH NC^H ECIOH GRICEH OHFGCZ^HF <<<; C 8PEC YMCOKXC 1> @RECTSLC NULU NUYK DCZ JDPF POPF SEP\HERHNHOPF KJ GPDC =U[NCOC QHECOPF (0COLH 0P\YMCOG' QC SCG 8HNXK TRCIH UQPROP SECLP GOHEOP KJRUYH^H QRHXECMKW UG DCZC JDPF UDKSTCEC QRHDHFMKW OCXKPOCMKSTC ZTC MK U 7KO WHOU K PLPMKZU QRH EKZH GHXH OK\C <COLXK\H SCNP ZTP OKSU UEHGHOH @03 SH QRHQUXCEC SC EMCZ_U TRCIK KJDPRH SECLP SEC LPF PLRKE]U\H LPRKSTH K .ULPECR K (GPNP]UDH' FRGH _KRKMKXU C OH JCDPRCE]C\U GC SH PQHT PYHZU K P <RDH OC\CE]U\U QPOPEOK QPQKS STCOPEOKZTEC OH DK MK \PZ \HGOPN (OCXKPOCMOU NC^KOU' SEHMK OC OKIK QRPXHOCT 4 U 7CLHGPOK\K SH JCMCU VCMK 4NC EHJH SC LPCMKXKPOKN QCRTOHRKNC LP\K SU QP CMDCO SLPN L]UYU JCFPSQPGCRKMK JCQC GPN GRICEH DCZ QP QRPFRCNKNC KJ =KRCOH CMK EKZH \H RHY P FMP NCJOP\ ZQK\UOSLP\ CVHRK K WCQ ZH^HN GHSHTKOC UYHSOKLC KJ RCJOKW JOCYC\OKW STRULTURC > -K@ U <CRC\HEU STCRC\U SH GC GP OHSU OPEK USTCE LCLP DK EMCGCMK OC XHMP\ THRKTPRK\K 4NC IH]C GC SH DCR POC\ GHP WRECTSLPF IKE]C UGRUIK SC 3CFRHDPN CMK \H SEKNC K GC]H TRO U PLU ;HQUD MKLC <RQSLC SEH YKOH LCLP DK PDHSNKSMKMK KMK DCR GPOHLMH UNC^KMK POC\ KSTPRK\SLK GPLU NHOT KJ CNHRKYLPF 0H\TPOC <EH PEP \H EC]GC GUF TRCOJK XKPOPN QHRKPGU PDCEHJC NCMKW GC SH QRKMCFPGH GPL KN SH EHMKLK OH SNKMU\U *- %
BTCNQC ,7: :;48= 8PEK -HPFRCG =RH_K DUMHECR /HOHRCMOK GKSTRKDUTHR ( ' 2KYLC 6KST KJMCJK QHTLPN ;ULPQKSK SH OH ERC_C\U 1 QPZTC " #$% # %" "!
3(14(.$#2
#2#40/3,# 3('/+8# ,51:4+/( &2#'#
!3%0;(/ 12('-0& '# 53-5&( 0'0%0'# 103,51( *# 42(>+/5 120;(,4# !2$#/# 2(&(/(2#8+;# 5 03+4(;(%0; 5-+8+ +0'2#& 4+1(/'+;( *# /#;$0<( 345'(/4( !-62;5,0$ '3$($ 1(1%3,.$ =) 214-62>)?) 64.6'$ $&01' -1/6 0$.01' 23)(6+)@$ 1(1&1( 3$ >)&:$0, @) 6%6(6@) 2.$@$5, &1(6 +$ 53)@,06 &,;) 0)'1 (1 4$($ 3)(&,<)01 =) ($ (1/$@,045&$ 6/)451 2.$@$=6 (,0$3$ 21 -6%,-6 (1- @) 23,&3)(0,9, +$ ,456 -1.,:,06 6/)451 2.$@$5, (,0$3$ (&1<)?) 152$(0,8 &1($ 21 -6%,-6 +$ (1/$ @,045&$ =) (1 4$($ ,+014,.1 $ 4$($ @) %,5, (,0$3$ ,45$ 45$&-$ +$ 23,&3)(6 =) 4$ 21 4-62).$ 0$ (,0$3$ 3):,; @$&$?) 152$(0,8 &1($ +$ (1/$@,045&$ 45$=$.1 =) $ 4$($ ,+014, (,0$3$ 21 -6 %,-6 (1- =) +$ 23,&3)(6 4$ 214-62).1 0$ (,0$3$ 1 4-62).1 =) , 1(3*$&$?) 23, ->6:-$ #/)451 4$($ -1;5$ (,0$3$ 0$ /)4):01/ 0,&16 (%130,9, 46 64&1=,., , +$ &3;0, 3$:60 %6A)5$ '3$($ +$ 23) 581(06 '1(,06 $ 64&1=)0 =) , 23)(.1*)0, 3)%$.$04 %6A)5$ &,/ 3)%$.$041/ 46 2.$0,3$0,
23,81(, 6 ,+0146 1( (,0$3$ $ 3$481(, (,0$3$
1(
231=)-5$ #3%$0$ 3)')0)3$9,=$ 0$ 4)>$ 6 14,5)=)&1= 6.,9, 45&1 3)0, 46 64.1&, +$ ?)'1&6 23,/)06
('/+8# 42#;#-# 9(4+2+ 2#'/# '#/#
"$-1<) 64&1=)0 =) , 31'3$/ 63)<,&$?$ '3$<)&,04-1' +)/ >,;5$ +$ 1&6 '1(,06 +'.$4$&$?)/ 23)(.1'$ 1( .6-) 1 23,4562$?6 3)$.,+$9,=,
#34#/#, ,25)/0& 0'$02#
21 1(1%3$&$?6 -3)(,5$ 1( 453$0) $+&1=0) %$0-) !$&)5$ &312) (%130,9, 46 23,8&$5,., 23)(. *)0) 2.$01&) ')0)3$.0) 3) '6.$9,=) $5,0$ , )3$01&$9
!
*&-#3#/# 0'-5,# 0 12+3451#=5 2(#-+*#8+;( +/5-0%+> '+2(,402 2#<(%#9,0& 10*02+:4# 1&$0.60,9,=$5,&6 +$ ,+ /)06 1&,8 2.$01&$ 21-3)06.) 46 /)40) +$=)(0,9) $5,0$ , 1&$0 .6- 3)(45$&0,9, 1&,8 21(36:=$ 4/$53$=6 ($ =) 45&13)0 1401& ($ 1&$ 0)4)>$ %6(6 ,05)3)4$050$ +$ ,0&)45,513) :,/) %, 4) 21%1> ;$., 64.1&, *,&15$ /);5$0$ "$-1<) 1(%130,9, 46 &)@,01/ '.$41&$ 215&3(,., 3)(.1' 1( .6-) 1 1%3$+1&$?6 , 1(3)<,&$?6 21(36:=$ /)40,8 +$=)(0,9$ 0$ 5) 3,513,=, 3$>)&$ !-62;5,0$ =) 64&1=,.$ 2)3$ 5,&0, 2.$0 1(%3$0) 1( 212.$&$ +$ &1(151-) (36'1' 3)($ $-10 1&) 4)(0,9) 0$=%1>, 456()05, ,/$=6 3$+.1'$ +$ +$(1 &1>45&1 =)3 =) 6 !-62;5,0, 64 &1=)0 3)(.1' 1(.6-) 1 45,2)0(,3$?6 456()0$5$ !-62;5,0$ =) 64&1=,.$ + &);5$= 1 ,+'3$(?, /145$ 0$ %36 ,+ !-12>$04-) 6.,9) $ %, 0$-10 %.1-$() 3$:60$ ,+&1<$:$ 3$(1&$ /145 %,1 +$&3;)0 6 23)(&,<)01/ 31-6 %,.1 =) 0)1281(01 ($ 3$(1&) 0$45$&, 21(,+&1<$: 21 9)0, -1=$
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
#
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
13)( 6065$3453$0$:-,8 ,+ %13$ 5)/$ +$=)(0,:-1' 4$45$0-$ %,.1 =) 760-9,10,4$?) .1-$.0,8 4$/1623$&$ 3$>)&$ 3?$:-) $?) $;-) "65,0$ , 1&1' $ +$3$ 3);$&$?) '136@,8 231%.)/$
46/,3$?) 3)+6.5$5$ -$1 , 2.$ 01&, +$ 0$3)(0, 2)3,1( 1(01401 %13%$ +$ %1>, 45$0($3( '3$<$0$ , 1*,&>$&$?) 23,&3)() 0$ 5)3,51 3,=, $;-1' 1-36'$
#/'+'#4+ *# 12+*/#=# ,0;# 3( '0'(<5;5 10%0'0. 2#<(%'#/#
" #*.#42#/0 + 65/,8+0/+3#=( -0,#-/+7 3#.0512#%#
6 ,05)3)46 '3$<$0$ 3?$:-) $?) ,45$-$1 =) 23)(4)(0,! ! $ 6 3?$:-1= $?, !$45$0-6 23)(4)(0,-$ 12 ;5,04-,8 1(%13$ !324-) 0$ 23)(0) 453$0-) 4$ 5)3,513,=) $;-1' 1-36'$ 6 3?$:-1= $?, 23,4645&1&$1 =) , :.$0 +&3;01' 1(%13$ ! ! $ 1=$0 .,@ + &3;0, 1(%13 ! ! $ ,/$ +$($5$-
($ 4231&1(, 6 ().1 1(.6-) -1=) (1 0)46 23)(4)(0,- , 23)(4)(0,;5&1 453$0-) $ 4$ (36') 453$0) 14 01&0, 9,> =) 21%1>;$?) 3$($ 6 4&$-1/ '3$(4-1/ , 12;5,04-1/ 1(%136 &1/ 23,.,-1/ '1421(,0 .,@ 218&$.,1 =) 2;5,04-, 1(%13 3?$:-) $?) 2$ @) 606 5$3453$0$:-, ,+%13, 23&1 %,5, 4231&)()0, 0$ 5)3,513,=, 3?$:-) $?)
1/,4,=$ +$ 0$'3$() , 23, +0$?$ '3$($ 3$>)&$ 65&3(,.$ =) 23)(.1' -1=, @) 4) 0$ 0$3)(01/ 4-62;5,04-1/ +$4)($?6 0$@, 23)( 1(%130,9,/$ 3)/$ 51/ 23)(.1'6 (,2.1/6 +$4.6*01' '3$<$0,0$ +$ 53)%$.1 %, ($ 210)46 0)6318,363' (1-513 .$ (,/,3 1&$01&,@ , (1-513 23$& 0,8 0$6-$ , -1;$3-$;-$ .)')0($ 6%1(3$' 69, !,/101&,@ ,2.1/6 +$4.6*0) 13'$0,+$9,=) 53)%$.1 %, ($ (1%,=) $31(0$ %,%.,15)-$ !5)7$0 3&1&)0 :$0, $ -51%$34-6 0$'3$(6 (6
'1'1(,;?, (12,40,- (0)&01' .,45$ 1.,5,-$ 01&,0$3 , 31>6% 6'$.,@ 3$(10$:).0,-6 3$>)&$ 3$'$06 1&$01&,@6 1/,4,=$ =) 6265,.$ 23)(.1' ($ (,2 .1/6 21:$401' '3$<$0,0$ (1 ()., ,.1/,36 .$&:,@6 -1=, =) +$ ,+'$3(?6 /145$ ,+ !-12>$04-) 6.,9) 3$>)&6 (10,3$1 /,.,10 )&3$ 1/, 4,=$ =) 5$-1<) 23)(.1*,.$ ($ 4) 214586/01 +$8&$.0,9$ (1 ()., 2317)4136 ,56 /,5 31&,@6
3(14(.$#2
'2)#/ "(4%24+ .(;5/#20'/+ !
(/(2&(43,+ 6025.
!(/42#-/0(%2013,+ 6025. *# 2#*%0< ! %0'(?# (,31(243,# 02&#/+*#8+<# /# 10=5 (/(2&(43,( (6+,#3/034+ + *(-(/( (/(2&+<( 5 2$+<+ 02&#/+*0%#0 <( 5 2>#9,0< #>+ "(4%24+ .(;5/#20'/+ (/(2&(43,+ 6025. 12(' 0,0 59(3/+,# (.# 6025.# <( $+-# 0'# (/(2&+<# (6+,#3/034 + 0'2)+%034 025. 35 04%02+-+ 1206(302 '0,402 02#/# + 7#<-0%+? .+/+34#2,# 2#*%0<# (/(2&(4+,( + *#:4+4( )+%04/( 32('+/( + '0,402 (=,0 0%#9(%+? .+/+34#2 (/(2&(4+,( +/'5342+<( + 25'#234%# (15$-+,( 213,(
*29><-79:2/<:;=65 @:<?8 4<-4/:F * ( /:12I- 924-/5=926=;2<>=6- :<0-954-B5F- 6:F- =2 47-32 4- -6>5/9? ;<5829? 292<02> =62 2@56-=9:=>5 5 :.9:/G295A 54/:<- 292<05F2 ? <205:9? :<0-95 4:/-: F2 ? <H-C6:F -H5 +2>/<>5 82E?9-<:195 292<02>=65 @:<?8 * ( ?>5C2 9- ;:75>56? ? :.7=>5 292<02>562 - ?C2DI2 9- @:<? 858- F2 :175C9- ;<5756- 159/2=>5>:<5 =-0721-F? ;2<=;26 >5/2 <-4/:F- ? :.7-=>5 292<02>562 ? ?0:5=>:C9:F /<:;5 (:<?8? ? <H-C6:F -H5 ;<5=?=>/:/-75 =? ;<21=>-/95B5 12/2> 428-G- 54 $?=62 (212<-B5F2 -E-<=62 #:G =62 %7:/295F2 -621:95F2 *<92 :<2 2705F2 - 428G- ;-<>92< .57- F2 >-75F/-75>2>95 6:9>-6>5 5 <-40: /:<5 :=>/-<295 9-6:9 &<2I20 82 E?9-<:19:0 * ( @:<?8- .575 =? :175C-9 ;:45/ 1- 595=>-<=>/: 292<02>562 ;:1<35 5 :/-F =6?; 54F-/57- F2 8595=>-<6- :<-95A-F7:/5I ;:41<-/G-F?I5 ;<5 =?>92 9- :/:0:15DH28 * ( @:<?8? 595=>-<6- F2 5=>-67- 1%<.5F- 58- 926:756: ;<5:<5>2>- ? 1:829? /:1- ><2>8-9 :>;-195A /:1- 9-<:C5>: 6-9-754-B5:95A F2< :92 ?07-/9:8 :17-42 ? <262 5 540<-1H- 9:/5A 8595 A51<:2726 ><-9- ;<5 C28? F2 9-F-/57- 1- I2 %<.5F- ? 9-<2192 1/2 1/2 5 ;: 0: 1592 58->5 9-F8-H2 9:/5A 8595 A51<:2726><-9-
#<:=2C9- 0:15DH- =>:;- <-=>><-3H2 4- 292<05F:8 ? <205:9? ?0:5=>:C92 /<:;2 =2 ;<:B2H?F2 9:1=>: D>: F2 1?;7: /5D2 ? :19:=? 9- ;<2>A:19? 12B295F? >2 F2 ;:><2.- 4- 5=6:<5DI-/-H28 /:19:0 ;:>29B5F-7- 4- ;<:54/:1H? 292<05F2 /2I- 920: 56-1 ->: F2 54 0<-1H- 8595 A51<:2726><-9- :1 /27562 /-39:=>5 4- :.24.2E5/-H2 292<02>=62 =>-.579:=>5 ? <205:9? 595=>-<=>/: 292<02>562 <-4/:F5 4-D>5>2 35/:>92 =<219592 /2<5 @56:/-7: F2 6:9-C9? 75=>? ;:>29 B5F-795A 59/2=>5>:<- 4- 540<-1H? 8595 A51<:2726><-9- 9- ?6?;9: 7:6-B5F- - ? ;<5;<285 F2 5 >2912< 4- :6: 9:/5A 7:6-B5F: 0:1592 %<.5F- I2 58->5 9:/5A 6-;-B5>2>:.9:/G5/2 292<05F2 : 6<-F- 0: 1592 .5 ><2.-7: 1- 49-8: 6: I2
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
<:292<05F- F2 F21-9 :1 49-C-F95F5A :.9:/G5/5A 54/:<- 292<05F2 5 F21595 6:F5 F2 26:9:8=65 6:96? <29>-9 @:=57958 0:<5/58- 5 9?6 ';:><2.72-<9:F 292<05F5 :.9:/G5/5A 54/:<- 292<05F2 ;: =2.9: 292<05F2 /:12 5 %?9B- ? %<.5F5 58- /27565 ;:>29B5F-7 #:<21 :.9:/G5/5A 54/:<- ? %<.5F5 8:<-8: <-15>5 5 9- :;>5 854-B5F5 ;:=>:F2I5A ;:=><:F2H@-.<56- /:1- 5 :>;-195A /:1- ' =5>?-B5F5 6-1- =2 B29- 292<029->;:/2I-/- .<32 920: B29- /:12 92 :;A:19: F2 <-15>5 9- ?D>21-8- ? =-8:8 ;:=><:F2H? 5 =5=>28? 4=9-.12/-H2 ,9-F12< 2726><56 ;:<21 <2D2H- 4- 8595 A51<:2726 ><-92 9- ><35D>? %<.5F2 58- 5 6:8;72>9: <2D2H2 4- :;>5854B5F? ;<:B2=- =9-.12/-H- /:1:8 5 ;<2<-12 :>;-195A /:1-
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
15>5 ;2> =21-8 ;2>9-2=> ;- 5 1/12=2> 8595 A51<:2726><-9-672 :;D>595 I2 =>5I5 9:/-B ? .?J2> -75 8:31- F2 F:D /-395F2 D>: I2 ? :;D>59? =>5I5 59/2=>5 >:<5 5 D>: I2 >- :;D>59- 1:.5>5 8:0?I9:=> 1- 1-G2 <-4/5F- 8-7- 5 =<21H- ;<21?42I- 9-07-=57- F2 8595=>-<6% :.45<:8 9- >: 1- F2 ;-<>92< :/:0:15DH20 * ( @:<?8>-75F- - 5=>5C?I5 49-C-F 5>75F-9=65A 59/2=>5>:<- 5 =-<-1H? 1/2 428G2 9-<:C5>: ? :6/5<? 6: <5DI2H- ;:>29B5F-7- /:1- %<.5F2 -<6: 2:92 26:9:8=65 =26<2>-< 8.-=-12 >-75F2 ? %<.5F5 F2 ;: 41<-/5: =6?; ? 582 5>-75F-9=6:0 -8.-=-1:<- 4-A/-75: =2 * ( ? D>: F2 :<0-954:/-: @:<?8 5 54 <-45: 9-1? 1- I2 :/-6/5 =6?;:/5 1:1->9: 1:;<592>5 F:D C/<DI:F =-<-1H5 >-75F2 5 %<.5F2 %><->205F:8 <-4/:F- 292<02>562 $2;?.7562 %<;=62 1: =8: ;<21/51275 59/2=>5B5F2 ? 2726 ><:292<02>=65 =26>:< ? 549:=? :1 ;<26: D2=> 8575F-<15 2/<- <26-: F2 8595=>-< # ) . :>/-<-F?I5 =6?; 5 1:1-: 1- ? 9-<219:8 ;2 <5:1? :C26?F2 59>2945/5<-H2 =<-1H2 =- %<.5F:8 5 4-F2195C658 ;-<>92<:8 >-75F:8 9- <2-754B5F5 ;<:F26>- 540<-1H2 A51:292< 02>=6:0 =5=>28- =<21H- <59(:<?8 F2 .5: ;<5756- 5 1* ( ;:>;5=5/-H28 28:<-1 9?8- : =-<-1H5 =- 26=;2<>=6:8 6?I:8 & # 54 -621:95F2 9=>-/5 =- =/:F:8 -6>5/9:8 ?7:0:8 4-=>?;-H- ;:75>562 5 B5G2/- ' ? :.7-=>5 :1<35/2 292<05F2 ;?>28 .75=62 =-<-1H2 =- /275658 .<:F28 <272/-9>95A ;-<>92<- 54 428G2 5 <205:9- %6?; F2 :1<3-9 ;:1 59 =>5>?B5:9-7958 ;:6<:/5>2G =>/:8 595=>-<=>/- 292<02>562 <-4/:F- 5 4-D>5>2 35/:>92 =<2 1592 $2;?.7562 %<.5F2 5 #: 6<-F59=6:0 =26<2>-<5F->- 4292<02>56? 5 8592<-792 =5<:/592 # 292<-795 ;:6<:/5>2G =6?;- F2 # 726><:;<5/<21%<.5F2 - :<0-954:/-9 F2 ? =-<-1H5 =- # %<.5F-/:12 9=>5>?>:8 4- /:1:;<5/<21? -<:=7-/ +2<95 5 ";D>59:8 <H-C6- -H(:<?8? F2 ;<2>A:157- 5 547:3.@:>:0<-@5F-72 A51<:2726 ><-92 #% - ? %<.5F5 -?>:<$-F6- $ -<5D5I# & #-# $
7,58,2('6
%'(6/0' 1'0/; 7546870/; ')/43' 9 6'A,)9
$
#
!
"
#!
&#
,1,*'</@' 6/)6,+3, 04246, "6(/@, )/740/ 56,+78')3/</ /3/78'678)' 4+(6'3, 3+43,./@, '2('7'+460' 3+/@, 56,+78')3/</ 2('7'+, !970, %,+,6'</@, / 140'13, 7'24956'), 547,8/1/ 79 %'(6/09 1'0/; 7546870/; ')/43' ,64 78 9645 )' :'(6/0' +4 7'+' @, /.),.1' 784 ')/43' 3' ,)645704 86-/>8, ' 5486,(, 84* 86-/>8' 79 86,39834 404 +,7,8 ;/A'+' 4)'0)/; 1,8/1/<' $-1 %, 4) 6&)3,., 6 ,+&1+0) /1 '6@0145, "$%3,-) .$-,8 421354-,8 $&,10$ 6 3$>)&6 ().)'$9,=$ 3, &3)(0) -1/13) 3%,=) 0$ :).6 4$ 23)(4)(0,-1/ )>-1/ )35,@)/ , 23)(45$&0,9, 0)-1.,-1 $/%$4$($ 6 3%,=, 214)5,., 46 1&6 -3$>)&$:-6 7$%3,-6 ,/) =) =1; =)(01/ 21-$+$01 ($ 3,&3)(0$ -1/13$ 3%,=) 21(3*$&$ 4&) (1%3) 23,&3)(0) ,0,9,=$5,&) , ,()=) $-1 =) ,45$-0651 51/ 23,., -1/ 1/13$ @) 23)-1 .$() 3%,=) , 710(1&$ -1=, 4) %$&) ,+&1+1/ 6&)- 21/1@, -$-1 1&1= 5$-1 , 4&,/ (36',/ -1/2$0,=$/$ -1=) 4) %$&) ,01&$5,&0,/ 231'3$/,/$ ! 1&,/ -3,+0,/ &3)/)0,/$ 6 -1=,/$ 4) 0$.$+,/1 , 6 4&,/ 21 -6;$=,/$ ($ $-5)3, -1=, 6:) 45&6=6 6 3)$.,+$9,=, )-101/4-) 21.,5,-) 6 3%,=) ($=6 4&1= /$4,/6/ 3,&3)(0$ -1/13$ 3%,=) ,/$ +$($5$- ($ 21(3*, 4&) (1%3) ,()=) , ,0,9,=$5,&) $8&$>6@, &.$40,-6 7$%3,-) $&,10$ -1=, =) 2601 51'$ 6:,0,1 (1;., 4/1 6 3$>)&1 ($ /6 ($/1 21(3;-6 -$-1 %,4/1 (1&)., 215)09,=$.0) ,0&)45,513) , /1'6@) -629) 1&,8 $&,10$ , -$-1 %,4/1 0$23$&,., &
"
%
:,=, 46 45$0($3(, ,0$:) 0$=3) 453,-5,&0,=, 0$ 4&)56 ,3)-513 7$%3,-) ,.13$( $5,@ 3)-$1 =) ($ =) ?,81&1
' /34786'3' 86-/>8' 4+1'./ =1; =)($0 $&,1 9)05$3 6 3$>)&6 3)-$1 =) 23)(4)(0,! 4,/ 23)(45$&0,-$ 1/13) 23,.,-6 ($ 4) 621+0$=6 4$ 231 ,+&1(?1/ 1&,8 .)5,.,9$ $., , ,+&1+0,/ /1'6@0145,/$ -3$>) &$:-) 7,3/) ,/$., 46 $/%$4$ (13-$ 0(,=) &,41-,
4+784 564/.)4+B,
23)(45$&0,9, ,0,45$345&$ 1( %3$0) 0(10)+,=) , 23)(45$& 0,9, $/%$4$() 64-) ")()3$9,=) "$%3,-$ .$-,8 421354-,8 $&,10$ =) 1401&$0$ '1(,0) 3&, 265 6 ,4513,=, 4324-1' &$+ (6812.1&45&$ $&,10, (1/$@) 231 ,+&1(?) 46 23,+0$5, 1( 453$0) 0)/$:-,8 &$+(6812.1&0,8 &.$45,
)645704@ 93/@/ 86,(' +,7,8 ;/A'+' 1'0/; ')/43' 53*,;5) 9).$ &312$ $., ($ 4) 23)'1&$3$ , 4$ 215)09,=$.0,/ -629,/$ ,+ 6453$.,=) /)3,-) , $73,:-,8 +)/$>$ $ 4$/ +$(1&1>$0 -$1 23,
$ # # !
$"#!
$ "!
$ $
"#
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
/$;,045&$ 3%,=) )/$ 1-36'.1' 451.$ %,@) $ ., ,0(6453,=$ 6 3%,=, ,/$ %6(6@ 0145 451&3)/)01 6 +,/4-1/ 2.$0,04-1/ 9)0536 %,@) 1(3*$0 , 3)@, /)<60$31(0, 4,/21+,=6/ 3$(1&$ /.$(,8 $-$()/$9$
6/1/0' +' :/62, 56,+78'), 7)4@' +478/*39C' ()>6=) 4) , 23,+0$?) , 21&)>$ 317)413 (1-513 $&.) 5$0-1 &,@ 6 :$45 65)/)>,&$:$ 231 ,+&1(01' /$;,045&$ 0$ 1&,/ 2314513,/$ 1&)>$ , 2.$-)5$ 317) 413 (1-513 $&.) 5$0-1&,@ =)(,045&)01 =) 23,+0$?) , 23)( 45$&>$ 0$=&)@6 &3)(0145 , 1(.,:=) -1=) /, /$;,09, (1()>6=)/1 , 6 0$;1= 1%.$45, &)@) 23,+0$?) 0) 21451=, !=)(01 =) , 0$=45$3,=)
&3)(0,- ;51 =) (3*$&$ -10$:01 48&$5,.$ ($ 1( 23,:) /$.1 ;5$ ,/$ , ($ 45&$3$?) 01&,8 &3)(01 45, =) 4$/1 ,+ 231,+&1(?)
3)%$.1 %, ($ =) 23)-1 (1%,5 0,-$ 51' 23,+0$?$ (1 4$($ 4$ 231 4513$ 9).) 45$3) 6'14.$&,=) 0$ ;5$ 46 , ($>) 4,'63$0 4$/ &)1/$ 210140, , -1=, 4) %$&,/1 /$ ;,045&1/ 6 3%,=, 210140, 4/1 ;51 23,2$($/1 2151/9,/$ :1&)-$ -1=, =) 2145$&,1 ,+&$03)(0) 5) /)>) 6 1&1= 1%.$45, ,45$-$1 =) ! ! 23)(4)($ &$=6@, $=)(0,9) 0$6:01 ,453$*, &$:-,8 ,045,569,=$ 231,+&1(01'
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
7,58,2('6
"6,(63/ 0'.'3
!$
$#
#96/78/=0' 46*'3/.'</@' 54+ 54064)/8,A78)42 6'+' 6'A,)' 54 598 46*'3/.9@, 2'3/:,78'</@9 "6,(63/ 0'.'3 3' #6*9 76570/; 6'83/0' 04@' C, 4), *4+/3, 86'@'8/ +)' +'3' $ 5,8'0 3' *1')342 *6'+7042 86*9 C, 7, 4+6-'8/ 8'02/=,B, 9 56/56,2'B9 6/(A, =46(, ' 9 79(489 8'=34 9 54+3, C, 54=,8/ 86'+/</43'13' '79A/@'+' 6*'3/.'846/ 3'@')A9@9 / (4*'8 09189634 92,83/=0/ 564*6'2 $)241?.D. ; 78178.41 81*C. ?68*. 1 7)9;C) 1 *6,): 2;3:;856 ;4.:51?21 786,8)4 6*.3./1E. 6+6,6-1@D1 #8.*851 2)0)5 +) :8)-1>165)35) 4)51 <.9:)>1B) 76?1D. -)5)9 7.:)2 ; ?)96+) 5) $8,; 987921= 8): 512) !67;3)856B !)9;C1B)-1 76 78+1 7;: 6+. ,6-15. 78.:=6-1E. 4)51<.9:)>1B) "1*C1 26:31E !6 8.?14) 68,)510):68) ;0 +. 312; 76-8@2; %-8;/.D) 81*636 +)>) 626 .217) :)241?1E. 9. ; 78178.41 81*C. ?68*. !693. 786,3)@.D) 76*.-512) 8)8)C.+6 769.:16>14) 7623)D) 265>.8: 13)5) $67)36+1E) $6 7)32) $)241?.D. ; 78178.41 7)9;C) *1E. 6-8/)56 9;:8) 9;*6:) ; ?)96+) 1 946 9. 76:8;-131 -) 6+6 ,6-1@D1 #8.*851 2)0)5 *;-. 5.@:6 @:6 :8.*) -) ;:8. 7;: B.56B 4)51<.9:)>1B1 26B) E. :8)B):1 +1@. -)5) 1 26B) E. 5)-)46 9. 46E1 -) ;*.8. +1@. 1 *6C1= 736
#!
"! " !
! #
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
1@. 6- .217) 781B)+136 B. ;?.@E. 5) :8)-1>165)356B !) 9;C1B)-1 % 2;+)D; 7)9;C) :)2
*68)+C.51 5)?15 78178.4. -64) E1= B.3) 9+. 9; :6 9:)+2. 26B. ; 0*18; 46,; -) 671@; 1 6+6,6
!81B)+) :)241?)8) ; 7869:681B)4) $;819:1?2. 68,)510)>1B. 8)C.+ 1 ;8.A1+)D. @:)5-6+) #+.?)51 -.<13. 1 6:+)8)D. 4)51<.9:)>1B. 241?.D. ; 78178.4)D; 81*C. ?68*. #:8;?51 /181 6>.D;B. 8)- ;?.9512) !86,3)@.D. 76*.-512 )B.-51?2) +.?.8) 0) 9+. :)241?)8. ; 8.9:68)5; !)810
! ! $ 09)'B9 5'79A' 9=,73/</ C, 7 8'02/=/8/ 9 86/ 0'8,*46/@, -6+) 9) :;819:1?26, :8/1@:) .-5; 4)51<.9:)>1B; 26B) B. :8)B)3) 2)6 B.-56 6946?)96+56 8)-56 +8.4. 17)2 946 ;97.31 -) 9) 19:14 56+?)514 98.-9:+14) 786@18146 5) -+) -)5) 19:1?. -%'%+ %1)/)3 -18.2:68 $;81
!
9:1?2. 68,)510)>1B. 8)C.+) $;819:1?2) 68,)510)>1B) 4)51 <.9:)>1B; #8.*851 2)0)5 68,)510;B. 76- 76286+1:.C9:+64 8)-) 8)C.+) 28.5;:69: :8)-1>1B1 2;31 5)892. :)B5. 9:)81= 4)B9:68) 0)
$ "# !
#
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
-1@D; 4)51<.9:)>1B; #8.*851 2)0)5 26B; ; 8)C.+; 6+. B.9.51 68,)510;B.46 7;: #+6B64 76-8@264 8)- 8)C.+6 /.31 -) -67815.9. 6?;+)D; 78. +1@. 6- -+. -.>.51B. ; 8)C.+; 0)76?.:. 4)51<.9:)>1B. ; 93)+; 7)9;C) 641C.56, B.3) 456,1= 5)86-) ) *1= 8.2)6 #8*) 78. 9+.,) 2)/. -%'%+ ,&%+,&)3 ,8)-65)?.3512 8)C.+)
/14> 9-B'3/3 / 46'3 &)464)/C
*6-) 78)+693)+51 7;*31>19:) 1 263;4519:) 48 3)-1418 141: 81B.+1E 1 78)+51 19:681?)8 1 26 3;4519:) 48 68)5 (+686+1E !69:)+1:. 71:)D) ,6976A1 &1314656+6B 1 3.29)5-8; !) +1E; B.-564 *81C)5:564 7.8; 26B1 71@. 1 :.=51?21 41931 )5, 369)2965921 )31 B. 0)19:) 987926, -;=) -,6+68. 2)2+.
E.:. 6- D1= -6*1:1 ,8)A)51 #8*1B. 8.:26 14)B; 781312. -) ?;B; ; 6+64 :8.5;:2; 76B)9516 B. 4),19:)8 ,-%+ #&,-,&)3 78)+51 19:681?)8 1 263;4519:) 0*6, ?.,) *1 :8.*)36 7819;9:+6 +):1 :81*151 $81*15) 76?1D. +.?.8)9 7.:)2 ; ?)96+) .-)0)3
!$
!
!
!
"
!
# !
!
! !
$ # !
8-69-3)(7
%
! !
&
!
#
! %
%#
'
!
# 51*07: 675@-19( -2015 87<- 5840*(=0 $54,(<0@- 4( 0 2(,- 0*(< 67-,89(*40<0 $ :75)(41 0 /,(*(=11:C- (+:4( 658-9020 8: 5)45*A-45 ,*570>9- ! ! -=@-+ 8-2( 4( -7(45*<: /( =0@: 8(4(<0@: @- :25.-45 ;0A(,( -*7( 0 953 67020153 ,5407(20 1B0+( /( 4(@32(?(34)A,34 +)46/>8, ! ! ,=@,* 7,1' 3' ,6'34)<9 04@, @, +4 (/14 3'@24+,63/@, /*6'1/>8, / 2'19 8,6,8'39 3' 48)46,342 547,8/1/ 79 43/ 04@/ 79 4(,.(,+/1/ 76,+78)' .' 7'3'</@9 6471')A,3/ 04>'60'> ' 7'+' 56,+7,+3/0 1'+, /)'< 7' 79569*42 !3,-'342 4(4@, 9 /2, #43+'</@, 3' / 1'+, /)'< 04@' @, /3/</@'846 4)4* 564@,08' 0'4 / 5'683,6/ # 964('30 / .+' )'=0' 09C' '*93' +69-/1/ 79 7, 7' >8/C,3/</2' ! ! ,=@,* 7,1' / 3' 1/<9 2,78' 7, 9),6/1/ 041/04 79 2'1/>'3/2' 9548593/1/ (46')'0 9 4)42 04251,079 6'*4 2/ @, +' 7'2 9 ,=@,2 7,19 9 6'A,)9 47,(34 7, 6'+9@,2 >84 724 4)/2 2'1/>'3/2' 424 *9C/1/ +' 4(4*'8, 7)4@, '08/)3478/ 3' 5485934 34)42 / 24+,6342 /*6' 1/>89 9 701459 7,1' )4 @, /3'=, +)'+,7,8 / 3,0' +43'</@' 04@9 724 9 7'6'+B/ 7' # 964('3042 4(,. (,+/1/ .' 4(+'3/>8' ! ! +,=@' 7,1' / >041, ' 434 9 >8' )'7 9),6' )'2 @, +' 3' 842, 3,C,24 78'8/ ),C C,24 7, 869+/8/ +' 4)'@ 86,3+ 3'78' )/24 / 4(6'+9@,24 >84 )/>, +,<, 9 !6(/@/ 5434734 /78/=, 56471') A,3/ 04>'60'>0/ '7 ' 7'+' 56,+7,+ 3/0 1/25/@704* 042/8,8' !6(/@, 473/)'= #43+'</@, 3' / 1'+, /)'<
78)4 / .';)'13478 .(4* 540143' 04@/ 79 +4(/1/ 4+ 9*1,+3/; +43'846' %'78 3'2 @, / .'+4)4A78)4 >84 724 9*478/1/ !3,-'39 / 1'+' /)<' 56,+78')3/0, # 964 ('30, 0'4 / '*93, 4='78)4 )'3/ 724 >84 79 3'7 7, 7,8/1/ '
+43'</@' )6,+3' 404 ;/A'+' ,)6' 0'-, +/6,08460' ! ! ,=@,* 7,1' 3' , 6'34)<9 " ! ! ,=@,2 7,19 3' ,6' 34)<9 86,39834 @, 9 86/3',78 ;6' 3/8,A70/; 5464+/<' 72,>8,34
5)(7 675+45/-7
2(,- 0*(< 8( 3(20>(403( : ! ! -=@-3 8-2:
46/73/</ '78,6 0'6+ 06, +/83, 0'68/<, ,1/04 76<, 4(') A'@9C/ 7)4@, 6,+4)3, (,.*484)/370, 86'37'0</@, (,. /0'0)/; +4+'83/; 864>04)' 424*9C')'@9 964('3</ +' 7, 4+6,03, 7)4@, .'6'+, 9 046/78 #43+'</@, 3' / 1'+, /)'< / 4(34), +,=/@/; /*6'1/>8' %,8)68' @, *4+/3' 0'04 /2'24 +4(69 7'6'+B9 7' #43+'</@42 3' / 1'+, /)'< / 54='78)4)'3/ 724 >84 @, 8'04 ' /.9.,834 3'2 @, +6'*4 >84 24-,24 +' 5424*3,24 +,</ 7
1<0@( ,5)75*5A45+ ,(*(B( 17*0
"
!# !
06,34 0'-,2 3,2' ),C, 76,C, 9 -/ )489 3,*4 0'+' 9=/3/8, 3,>84 5471, =,*' 7, +,<' 72,@9 7)/2 76<,2 5' 7'2 .'+4)4A'3 0'4 / 24@, 041,*, !/*9634 @, +' C,24 4)9 ;92'39 2/ 7/@9 3'78')/8/ 9 *4+/3'2' 04@, 71,+, / 976,C/8/ @4> )/>, 21'+,-/ >/642 4), 1,5, .,2A, 04@9 72'86'2 7)4@42 6,=/ 79 +/6,0846' 06,+/834* 7,0846' # 964('30 ,<' / .'5471,3/ 9 ! ! ,=@,2 7,19 3/79 06/1/ .'+4)4A
&
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
"
>,.+,7,8 5,8464 +,<, +40 @, 5,8 3',78464 76,+B4>041'<' / >,78 789+,3'8' 9 '@,+3/</ 21'+/; 9 04@4@ 7, 56/56,2'@9 .' 7'2478'1'3 -/)48
#
# 57+(40/(<0@0 7:>9*( ,5)75*5A40; ,(*(2(<( 17*0 (*45+ 153:4(245+ 67-,:/-C( :9-*0 5,7.(4( @- @5> @-,4( (1<0@( ,(*(B( 17*0 /( 6597-)- % !9:,-40<( 7(,54(=-2401 7(A-*( 7(+(4 5*(45*0C 57+(40/5*(5 @- 670@-3 /( 67-,89(*401- 5*5+ ,7:>9*( 0 B0;5*- +589- 0/ -6:)201- !7681- %74- 57- 0 345+0; +7(,5*( : !7)0@0 !'.3'B, +' 7, +')'B,2 06)/ 24-, 75'7/8/ 3,=/@/ -/)48 47 34)3/ @, 248/) 7)'04* +4(64)4A 34* +')'4<' ;6'(69@, =/B,3/<' +' 7, / 7), )/>, 21'+/; A9+/ 56/0A9=9@, +69>8)9 / 5464+/</ 3'@;92'3/@/; 69>8)4 +4(64)4A3/; +')'
+/>B,* 56,+7,+3/0' +69>8)' /1' /+4@,)/C' 04@/ @, 3,+')34 56,2/394 6/@'8,A/ +69>8)' / +')'4</ /. $63, 46, ,59(1/0, !6570, / 234*/; *6'+4)' 9 !6(/@/ @4> @,+342 79 540'.'1/ +' 0/142,86/ 3/79 3/0'0)' 56, 56,0' 0'+' @, ;92'3478 9 5/8'B9
5.(7-*A(40 >(360540
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
' 7)'04* 5641,C' / @,7,3/ +41'./2 9 6'A,)4 ' +9-3478 56,+7,+3/0' +69>8)' 9 /@,142
(*(B- 17*0 897(9->10 *(.45 /( /,7(*89*-40 8089-3
4A9 +4>'4 7'2 56, *4+/3' / +4 7'+' 7'2 598' +'4 06) /7 8/=, 4@04 &,784)/C 56,+7,+3/0 /@,14 4A, 6'+43'=,13/0 6'A,)' 6'
*'3 4)'34)/C 956/1/=/4 @, 56/@,2 .' 56,+78')3/0, 98,)/ / B/;4), *478, 04@/2' 7, .';)'1/4 >84 79 54+ 6-'1/ @4> @,+39 ),1/09 '0</@9
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
5+36+0'&4
&;-15.& 6+81-:.& ;.2/&
2.62'&4 7 4&>+(7
%
#
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
BHOTCR JC EP[H^H LCRK\HRH K SCEHTPEC^H 1HPFRCGSLH PTEPRHOH ZLPMH GPQRKOPSK USQPSTCE]C^U K RCJEP\U LCRK\HROPF EP[H^C K SCEHTPEC^C U PDMCSTK PDRCJP EC^C PSQPSPD]CEC^C K JCQPZ]C EC^C LCLP DK SH GPQRKOHMP RCJEP\U XHMPIKEPTOPF UYH^C K
"
KOVPRNCXK\C OC SC\TU ((% & & $' &' 1HPFRCGSLC PTEPRHOC Z LP M C \ H O H Q R P V K T O C P D R C JP E O C P R F C O K J C X K \ C F R C [ C O S LP F GRUZTEC PSOPECOC FP GKOH >EP\KN RCGPN GPQRKOP SK U LU Q O PN R C J E P \ U G RU Z T EC L R P J
#2624+3246+4 /&*-0-4 +642(-@ 2'=&;?&(& 34-42*7 5(2) 325/&
OKLC ZLPMH SU QRPEHMC GCO SC VP TPFRCVPN 2MCGKNKRPN <HTRPEK _HN APTPFRCV \H UYHOKLH U TPLU GCOC UQPJOCP SC QRKRPGPN SEPF JCOKNC^C C U EHYHR^KN SCTKNC SU QRKSUSTEPECMK SCSTCOLU U VPTP LMUDU =CGKPOKXH K SHOLH OC QPSMU SU GHP CLTKEOPSTK QRP\HLTC -5C OKNC\U NH JCOKNC^C, YK\K \H PQZTK XK] QPEH_C^H JCQPZ]KEP STK NMCGKW LRPJ UOCQRH[H^H SK STHNC LCRK\HROPF KOVPRNKSC^C SRHG^PZLPMCXC P JCOKNC^KNC
<RP\HLCT -5COKNC\U NH JCOK NC^C, SH RHCMKJU\H U QHRKPGU PG \UOC GP OPEHNDRC FP GKOH C RHCMKJCXK\U CLTKEOPSTK \H QPGRICMC >80 $! & ) '' * '' $)& '' '( # + 7COXHMCRK\C U >RDK\K 0LTKEOPSTK QRP\HLTC -5COK NC\U NH JCOKNC^C, PRFCOKJU\U SH U SCRCG^K SC SRHG^KN ZLPMCNC KJ 1CYLH <CMCOLH 1HPFRCGC 1U\COPEXC 2MCGKNKRXC 7RC ]HEC 8HSLPEXC 8PJOKXH <PIC RHEXC >UDPTKXH K @IKXC
+*&1 4&*1- *&1 5& *-,&=1+4.20 !&?20 7=&1&9 UOCQRHGKMC JCQPZ]KEPST K HLP OPNSLK RCJEP\ BHOTCR QPNCIH RCJEP\ LCRK\HRH NMCGKW LRPJ CL TKEOPSTK TPLPN LP\KW KW PSOC IU\H JC CGHLECTOU QRPXHOU SEP\KW EHZTKOC K KOTHRHSPEC^C KOVPR NKSC^H P NPFU_OPSTKNC GPGCTOPF PDRCJPEC^C K JCQPZ]CEC^C LCP K CLTKEOP TRCIH^H QPSMC 2KZH
G PG CT O P P D R C J P E C ^ H K P DU L U OPSKMCXC GRUZTEHOKW QRP N H O C S T RU Y O U Q PG R Z LU K O S T K TUXK\CNC KSTRCIKEC^H K R C J EP \ \ C E O K W Q PM K T K LC U X K ] U K J F R C G ^ H N PG H R O H J C \ H G O K X H J C S O P E C O H O C G H N P L R CT S L K W ERHGOPSTKNC 2KZH KOVPRNC X K \ H O C S C \ TU * * * $ ' & '
&42*1- 07,+= 4&>+(2
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
FPGKOH YMCOPEK BRLEHOPF PG DPRC KJ 1C]HEXC 9KMKOLP ?P LCMK_ 9KMPRCG 4CRLPEK_
! XRLEH =CSLRYKMK SU RCSTK^H PLP XRLEH K UOUTRCZ^PSTK PD\HLTC K DUMGPIHRPN QRPDKMK
!
"
OKLC LUMTURH KJ 7RC]HEC LP\C QPGRCJUNHEC CRWHPMPZLC KSTRC IKEC^C LCP QRHGUSMPE PDOPEH ?PLPN KSLPQCEC^C QRPOC[HO \H KJUJHTOP MHQ CNEPO YK\K \H XHOTRCMOK GHP PDMKLPECO LCP RPJHTC SC -MCTKXC, HMHNHOTC PLP SHDH PG DHMPF STUGHOKYLPF NHRNHRC OC\EHRPECTOK\H RCG STUGHOKYLKW NC\STPRC 0NEPO \H U QRCEPSMCEOKN WRCNPEKNC UJ
7,-:.& ;.2/&
% ! $ %4.(& =+ )4&<+1& .4&=+0 :HNC^C 3KJGCRHEK_ 0MHLSCO GRC 1CMC_ 0MHLSCOGCR 9KWC\MP EK_ K SEHZTHOKL QRPTP\HRH\ =CGPECO =CGPSCE]HEK_ SU QP LRHOUMK KOKXK\CTKEU JC PDOPEU
- 32:+6.20
(+.&
QUT GP XRLEH 5CMCFC^HN 0MHL SCOGRH 1CMC_ RUGCRSLPF KOIK ^HRC KJ 1C]HEXC SQRPEHGHOC \H JCLPOPN QRPQKSCOC QRPXHGURC SC 5CEPGPN JC JCZTKTU SQPNH
@ QPOHGH]CL \H U >EHYCOP\ SCMK 9UJKYLH ZLPMH ->THECO 9PLRC^CX, QRPVHSPR SC A9@ /UDPNKR 9K WC\MPEK_ PGRICP LPOXHRT OC SPMP EKPMKOK :C RHQHRTPRCRU SU SH OCZMC 1CWPEC GHMC >POCTC "$! JC SPMP EKPMKOU <CRTKTC "$! K <CR TKTC "$! /UDPNKR 9KWC\MPEK_ \H RP[HO FPGKOH C GKQMPNKPRCP \H U
" GKFOUTK QPGK\UN PDKYOP JC EK SKOU \HGOH STHQHOKXH LP\K KNC DKTOU UMPFU U MKTURFK\K @ SRHG^HN EHLU U OCZKN XRLECNC CNEPO \H DKP U OKEPU QPGC 6SLPQCEC^H SU QPNPFMK ;Q ZTKOC =CZLC 9PTHM =UGCR KJ 1C]HEXC C YMCOPEK XRLEHOPF PGDPRC SU GCMK SEP\ QRKMPF DHS QMCTOKN RCGPN OC KSLPQCEC ^KNC
6+(&1
2.4&?&9
" LMCSK QRPVHSPRC =C\LC 3P\YKOPEK_C OC A9@ U 1HPFRCGU 9CFKSTRKRCP \H U :PEPN SCGU U LMCSK QRPVHSPRC 3H\COC 9KWCKMPEK_C C USCERZCECP SH U LMCSK QRPVHSPRC 6FPRC ;JKNC U 7HMOU :CSTUQCP \H U NOPFKN JHN ]CNC SEHTC K RCGK LCP ECORHGOK QRPVHSPR OC ACLUMTHTU NUJKYLH UNHTOPSTK U 1HPFRCGU
0%.1%+! /
21-.(0
&>4
($( *( 0% /!(5 (' (!(/
$4F@< F@< H4 3/948< 797 0976A ;7H4 7?@< 8<3 ;/? 7 A 'A?7H7 >A2/ E7H7: />F7;<: ?4 @< :4>7 %3 (/;8@ &4@4>0A>2/ 3< #A>:/;?8/ ;/ ?414>A 76/ =<9/>;<2 8>A2/ 7:/ 8: ;/ HA2A 3< !7H41/ 8: <3 !7H41/ 3< 4<2>/3/ <8< 8: -A3/; H4 <?4K/H 8/3 =<:7?97F 8<H/ @4 3/I7;/ 3497 <3 (>07H4 8<H7 H4 @< =><?@<> ;40< H4 ;48/8< 3>A2/E7H4 4?8>/H;7 =9/17 8>A2 F@< 07 >48/< ,>J/;?87 / =< J4:A ;487 ?7@;7 <09/E7K7 0497 7 :/97 8<H7 ;4 :<2A 3/ ?4 <8A=4 ;42< @/8< ?1/87 3/; 76 ;<1/ ?4 >/?=<>434 =< E7?@<: ;40A $/ =A@A 76 (/;8@ &4@4>0A>2/ 6/ !7H41 ;/9/67 ?4 ;/H?@/>7H7 >A?87 2>/3 $<12<><3 &A@ H4 3<0/> =>/1 !>4K4:< A >/;< HA@>< 7/8< H4 @< 0976A $487C 314?@/ 879<:4@/>/ 78@<> H4 A;714>67@4@?87 =><B4?<> ?9/17?@/ 4<:/ <0>/6<1/; ;/ 7 ?>=?87 H4678 <67 89/?7E;A 9/3A <3 =4@;/4?@/8 2<37;/ 7=<14 1<64 ;487 3>A27 IA37 !/< 7 8<3 ;/? A<?@/9<: $/>AE7< H4 7097HA 76 .143?84 #<54@4 6/:7?97@7 8/81/ H4 8/3 8<F@/ C7I/3A 41>/ $7H4 :A 5/< /14F@/K4 H4 *;714>67@4@?8<H 07097<@4D7 &<?@<H4 @>7 $<12<><3/ (414>;7 $75J7 7 <1/H =>4:/ 8<:4 ?:< ?4 :7 A=A@797 %1<2 6<1A 49787 $<12< ><3 7/8< H4 ;/H:/J7 49787 H4 60<2 ?1<H4 7?@<>7H4 7 ?9/14 8<HA H4 ?@48/< A ?>43J4: 148A &>17 =A@ ?4 =<:7J4 2<37;4 (@< 31/34?4@ 2<37;/ =>4 A1<G4J/ C>7FK/;?@1/ A 'A?7H7 * $<12<><3A H4 148<17:/ D14@/9/ @>2<17;/ 7 8A9@A>/ * 1>4:4 948 ?/;3>/ $41?8<2 148 07< D4;@/> 'A?7H4 7 =>4?@<;7D/ 4978<2 8;46/ !;46/ ?17C >A?87C 8;46<1/ )< H4 079< <;< 1>4:4 8/3/ ?A 29/1;7 76 1<6;7 />@7897 0797 8>6;< 3>1< :43 1<?/8 7 =71< * 2>/3A ?A 57 1497 EA14;7 78<;<=7?D7 )4<B/; >8 7 ;3>4H 'A0I<1 148 %?;71/ J4: (/;8@ &4@4>0A>2/ 2<37;4 ;/F/< ?4 A ?4;D7 &<?@/< H4 2>/3 :A64H %?@/>497 ?143<8 ;48/3/FJ4 1497E7;4 7 6;/E/H/ "4=/ H4 <8<97;/ $<12<><3/ $/ >4D7 <9C<1 ?A 371;4 =9/54 (/ ?17: 0976A H4 H464>< I:4J %?4K/ ?4 3AC ?@/>7;4 !/< ;487 A0><1;78 <3 D7294 8<1/;<2 21<5G/ 7 3>14@/ >41;7 3AC <;<2 1>4:4;/ 7 :7>7? :43<17;4 )/3/ ?A 2/ ? =<;<?<: 61/97 <?=<37; 49787 $<12<><3 )/:< ?:< 173497 ;/H0<I4 =>7:4>84 ?@/><2 >A?8<2 2>/G417;/>?@1/ >A?84 3>14;4 D>814 7 =>/1A 760A &>17 =A@ ?/: ?C1/@7< F@/ H4 @< 760/ *148 ?/: :7?97< 3/ H4 @< :/9/ 3>14;/ 8AK7D/ 76 0/H87 / A?@1/>7 @< H4 14978/ 3>14;/ 2>/G417;/ * H43 ;<: 349A 5714 IA37 3>A27 H4 =>43 17G4; 6/ /:0/> 7 <?@/14 A @>4K4: H4 ?@<8/ (14 =<3 H43;7: 149787: 8>< 1<: (14 F@< ?4I/8A @>40/ 6/ ?72A
.(4%
2<37;4 07>/97 97E;<?@ :794 ;7HA:/ =>1< :4?@< A @<: 29/ ?/JA ;/><3/ 6/ A64< H4 948?/;3/> $4 1?87 (@4B/; &>1<14;E/;7 14K @>7 2<37;4 ;<?7< 8>/I41 ?87 14;/D 8/3 ?4 ><37< $41?87 * 7E7 H4 (14@7 (/1/ 14K =><29/ ?7< ;46/17?;<?@ ?>=?84 D>814 !/< (/1/ 7 $4 1?87 H4 E4?@< :7>7< 6/1/G4;4 7< H4 17F4 =A@/ 37=9<:/@/ ?1<H4 3>5/14 *E1> ?@7< H4 =<67D7HA .-+%,() (05 7(6%1(5% -00(5( (6 $2 =>/1<?9/1I/ A #-$(, -$ ) )- 5% 20(5 ./(+(* <;3/FJ<H 'A 3/(47 ,01"- -!%*%&%,- 5% #-$(,% ?7H7 $41?87 H4 A17G/< 3/ *6 !<;?@/;@7;<=<I $<12<><3 H4 >/6H437J4;<?@ >A?87C 8;45417;/ ;4 07< H437;7 2>/3 A ?>43J<148<1;<H 1><=7 A 8<H4: =7?:4;7 IA37 ;7?A 1<37 3<0>A 8/< 7 @< 3/ ?4 =>42<1< =<@7D/97 ?/:< 76 ?9<H41/ =94:?@1/ >7:/ :<54 :;<2< =<?@7K7 !/< 7 7 ?14F@4;?@1/ 14K H4 7 <07E/; ;/><3 (/1/ 7 $41?87 H4 A:>< ;/ =<1>/@8A 76 H43;4 37=9<:/@?84 :7?7H4 3/948< A:4< 3/ E7@/ 7 =7F4 !/54 =><B4 <3 ><3;<2 2>/3/ ?<> 3/ ?A 2<37;4 8<=/97 @4 948?/;3/> $41?87 H4 19/3/< 8/3/ :4I4 6/ ;484 2>/G417;4 A $<12<><3A 7 *><F $4:/J7K )< H4 079< 7 ;/ 3A07;7 =>48< 31/ :4@>/ ;/GA /3<1<I?@1< H4 ?9AF/@7 78@<>/ =7?:/ ;/ 0>46<1<H 8<>7 >A27 ?A 8< :>/E;< 7 @4F8< 1>4:4 *<?@/9<: ?>=?8<: 7 >A?8<: ;/><3A ;78/3/ 8<H7 ;/: =>7E/ 0460><H 6/;7:I717C >7?@797 =4>2/:4;@ / <;7 A;A@ 34@/I/ < <1<: 2>/3A 8<H7 H4 ?/1 ;4 >/FJA ?@>/;A 0>46<14 8<>4 )/817C ;7H4 079< 9/8< *148 ?A 7:/97 :<K;4 8/8< H<F A ?>43J4: 148A /;7:I7 ?17@/8/ ?A ;/F97 ?142/ 3414@ ;4=>7H/@4I4 '/@<1/J4 H4 ?A307;/ 7 7?@<>7H/ ?8<>< ?17C 41><=?87C ;/ 1<?@7 < 8<H7:/ =<H:/ ;7?/: 7:/< ><3/ 79< H4 :;<2< ?=<>;7C @4>7@< >7H/ >4897 07 3/;/? $4:/ 19/3/>/ A ?>43J4: 148A 8<H7 ;7H4 >/@<1/< 079< 3/ ?/EA1/ ?1<H4 079< 3/ <?1<H7 ;4F@< F@< H4 ;48/3 =>7=/3/9< J42< 1<: ;/><3A 079< 3/ H4 =><D4;7< 3/ H4 :<:4;@/ 3/ :/9< 797 :/9< 17F4 =><F7>7 ?1<HA 3>5/1A 3/ <?@/;4 A=/:K4; 8/< 6;/E/H/; 7 :<K/; 19/ 3/> )/817 8/< $41?87 ?A ?9/1/ 7 =<;<? ;/><3/ % J7:/ ?4 8/?;7H4 =>7E/ 7 =41/HA 7: =4?:4 %;7 ?A 8/< 6146434 ;/ ;40A 8<H4 =<8/6AHA 3/I7 0A3AK7 =A@ ;/><3A * (414>;<: 94@<=7?A 57@7H4 :A H4 ;/=7?/< J42<1 ?/1>4:4 ;78 &7?/D 2/ <871/ A 614634 7 =< >437 ?/ 948?/;3><: #/843<;?87: 7 C79<: 7< H4 :9/3 ?@/?7@ 7 94= ($-"( ,-"#-/-$0)-# /%+6 E<148 %0/17< H4 149784 3>5/1;4 =< )/8< ?@72<?:< 7 3< ;3>4H/ 'A0 %?@/9< H4 ;4?@/9< 797 ?/2<>49< ?9<14 +>/0>< 7 ;4?407E;< 8/< !/ I<1/ 76 148/ $/H=<6;/@7H42 78< $<12<><3?84 2>/:<@4 ;/ 0>467 &/ >/G<>G4 :A3>< 7 ?@>=I71< 8/< ;<=7?D/ A =>/1<?9/1;<: ?14@A * 5I717: =><AE/1/J4: ?A A@1>3797 (1/@7 (/1/ 7 #79<F (14 @< A 8>/@ 8<: 571<@A <3 2<37;4 <37< H4 J42<1<: 1>4:4;A ;/F7 :<;/?7 ?A 3/ ?A =7?/;4 A >/?=<;A <3 3< 3<9/6797 3< $<12<><3/ 7 3/I4 ;/ 148/ 7< H4 @< 3<2/G/H A ?9/17?@7D7 >/@<14 =><@71 $4:/D/ 7 .14G/;/ ?414> AE1>FKAHAK7 14>A 7 1464 <>@< 4978< <@8>7K4 7 =>79<2 ?9<14;?8<H &><D4;7< H4 3/ ?/ J7:/ :<54 3/ ?4 ;<?7 $7H43;A 07@8A ;7H4 762A07< * 3<8?;7C % J4:A H4 )/>8<1?87 =7?:4;<?@7 ?;7:< B79: 8<H42 ?A ;43/1;< A1> $46/<079/6;< H4 A @7: =>7E/:/ 1>4:4;A 8/3/ ?A #<;2<97 7 )/@/>7 ?@797 :4GA 34?4@ ;/H0<I7C B79:<1/ 57@7H4 948?/;3>/ $41?8<2 >A?8<2 :;<24 8;45417;4 6/@7>/97 3< @4 :4I/ 7 3< 34@4@/ A 8<941D7 ?C1/@7< ?14@/ 19/3/>/ 7 ?14D/ !/3/ ?A 'A?7 >/; 7 @<=/< 571<@ &>79/2<G/1/J4 =>7><37 )/8< 7: H4 @<=97H4 %8A =79/ 7C C9/3;<K/ * $<12<><3A =<E4?:< <3 />< ?9/1I41<2 31<>7FK/ * @<: 31< >7FKA H4 :;<2< D>8/1/ 8<H4 ?A 17F4 =A@/ <0;/1I/97 $484 ?A 76 2>/3797 =<6;/@7 @>2<1D7 &<146/97 ?A 076;7? 7 14>A * =<3>A:7:/ ?A ;/=>/1797 :/2/D7;4 / 76;/3 H4 D>81/ A 8<H<H 734 0<2<?9A54J4 >/3?8< A@1>G4J4 4@7J4D H4 76 148/ $48/3/ H4 079< 8A9/ %EA1/;< H4 3414@ 73 @1>G/14 H4 3A2 879<:4@>/ $/H6;/E/H;7H7 H4 A>H41 :/;/?@7> 76 2<37;4 ;/ <0/97 H464>/ I:4J -7@/1 /;?/:09 2>/G417;/ #A8 7 @/H;/ 76/ :4:I7 17C 673<1/ (@/>7H7 <3 (@A34;7D4 2<37;/ &<>43 J42/ ?4 ;/9/67 :A64H ;/ <@1<>4;<: >14;/ />C7@48@A>/ -7@/1 ?@/>7 2>/3 6/H43;< ?/ !>4: I<: 7 D>81/:/ =<3 6/F@7@<: H4 *;4?8/ <3 2<37;4 'A?7 ?A <39AE797 3/ <134 =<372;A ?=<:4;78 )7?H/K7I4@7H/ '<??7H7 2<37;4 %2><:;< 61<;< 1<;/ ?A :A678/ =>/1<?9/1I/ $/ 61<;A ?A ;/H=<6;/@7H7 IA37 :794;7HA:/ #;<2< H4 61<;/ A $<12<><3A 497 87C :/97C >/6;<1>?;7C $48/ ?A ;4=><D4J71/ A:4@;7E8/ 349/ ?>43 J4148<1;7C :/H?@<>/ (1A3/ A>4G4;7 @>/1J/D7 7 <8<97;/ !/< 3/ ?:< A >4634;A
* "-62!
0-5%"(7
H4 3/ =><@71 J7C ;4 :<54 (/ J7:/ ?4 19/3/< 8/< #79<F ?/ )A>D7:/ 14 @>7 2<37;4 =><14< H4 A 2< ?@7:/ =<3 @/@/>?87: F/@<><: ;/ <927 7 A #<;2<97H7 ?/ =A;7: 07?/ 2/:/ 69/@/ !/< :9/37K H4 <3;4< =>1A 14978A =<043A ;/3 :<K;7: .14G/;7:/ ;/ $417 2<37;4 %3 @/3/ ?A 2/ =><61/97 948?/;3/> $41?87 .14 G/;7 @1>34 3/ H4 @< 07< ?/:< <3>43 'A?7 8/5A 1<H?8/ %31/H8/3/ H4 =< ?@<H/9< >/697E7@< @A:/E4J4 7?@< >7H4 $78< <3 >A?87C 19/3/>/ ;7H4 7:/< @/8< ;4?>4K;A 19/3/17;A 8/< $4 1?87 6 :9/3/ ;4 07 =<8<H/ %; H4 :AE4;78 6/ 3<0>< ?1<2/ ><3/ :/< H4 ?142/ 2<37;4 8/3 H4 ?/E48/< 6/=/3;4 1<H?84 ;/ -A3?8<: H464>A * $<12<><3A ?4 ? 1<H?8<: =>7E4?@7< 8/< 8<3 ;/? "/6/> =>43 !<?<1< $4:D7 ?A =>78A=797 ?14 ?;/24 7 8>4;A97 3/ ?4 8<;/E;< <0>/EA;/HA ?/ @7: ;<12<><3?87: 8;46<: 3/ 2/ ;/AE4 =/:4@7 $/ C7 I/34 @4F87C <89<=;78/ @41@<;?87C 17@46<1/ 79< H4 67:?8< 1>4:4 &< 943A H4 =/< ?;42 $/=/3/E7 ;7?A 6;/97 3/ H4 ;/ ?>437;7 H464>/ @/;/8 943 948?/;3><14 9/8/ 8<J7D/ ?4 ?A3/>79/ ? $4:D7:/ 7 =<E49/ 3/ 0457 941< 7 34?;< =< 943A -A3?8<2 H464>/ &<?@><H4;7 @4F87 >A?87 <89<=;7D7 ?A E48/97 76/ @/;8<2 943/ 8/< 3/ K4 3/ =>7C1/@4 07@8A &<3 @457;<: <89<=/ 7 8<J/ @41@<; ?87C 17@46<1/ =><9<:7< ?4 @/;/8 943 ;/ ?>437;7 H464>/ )/8< H4 07@8/ <3 9AE4;/ )/8@78/ 7 9A8/1?@1< &<043/ H4 7:/9/ 3/948<?45;4 148<1;4 =<?9437D4 (@/1I4;< H4 $4:D7:/ 3< 6;/J/ 3/ ?4 17F4 ;4 6/94KA 3/ ?A @< >A?84 64:I4 !< 6;/ 234 07 079/ 6/ =/3;/ >A?8/ 2>/;7D/ 3/ ?A $4:D7 =<043797 ;/ -A3?8<: H464>A $41?87 H4 >/?E7?@7< =><?@<> 7 A3/>7< H/84 @4:4I4 'A?7H4 (@1<>7< H4 :<2AK;<?@ 3/ ?4 8/?;7H4 =<H/14 :<K;7 ;/?943;7D7 7 3/ <3 0460><H 8;45417;/ ?@1<>4 >A?8A 7:=4>7HA <3 &<I?84 3< )7C<2 <84/;/ /@< 2/ 'A?7 3/;/? ?@/1I/HA ;/ ;4=>78<?;< 14;< =>1< :4?@< A :794;7HA:A 3>5/1;<2 7 =>/1<?9/1;<2 =< ?@<H/J/ <G4 1>4:4 3/ ?4 >/?@/H4:< <3 78@<>/ 7 (/;8@ &4@>0A>2/ $/F7 3<:/K7;7 ?4 ?=>4:/HA 6/ 94@ =>4:/ (707>A ;/ <0/9A >484 %0 A 2>/3 />;/A9 $/ <3:<> 8<3 =>7H/@4I/ )< H4 14K ;4F@< F@< H4 3/948< $487C 879<:/@/>/ &<63>/17?:< ?4 8>/H4: HA9/ 79< ;/: H4 5/< F@< ?4 >/?@/H4:< J7:/ 79< H4 7 ?A6/ (9434K42 94@/ @>40/ 3/ ?4 ;/G4:< A (>07H7 /8< ;48< <=>/13/;< ;4 76< ?@/;4
6,47,1('5
!" # %
"
!" &
%
#$
"
! %
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
"
536735 A, (.7. 85,=,2 43 2'>).<.1 67'2+'5+.1'
4.7&A8 6&2&;.?& . *& 6+ 37(&5&?8 2+/& 23(& 43@& . 7+/ 6&*& 13 ,+13 *& (.*.13 2+=73 =73 13,*& 5&2.?+ 2.613 13)0. *3/ 6+ 2+=73 2+ 658=. .0. 2+ (.*. &0. 6(+ ?+ 73 3'8:(&B+23 453?+/731 . 645+12. 613 *& &*+/(&723 5+&
)8?+13 /&/3 '. 6(+ .=03 6(3?.1 5.7131 5+<. 68 *5 *.5+/735& *5&( 67(+23) ;+275& 78*+2.;& ")3(35+2& ;+2& .-(3>+A& 5& *3(& ?+ *.2&5& 6& 31 & 6758<2. 2&*-35 43(+
5+2 ?+ 5.(5+*231 *58=7(8 2 ,+A+5.2) 4086 453?+/7 * 3 3 +3)5&* 2& 3623(8 45+7:3*23 6453(+*+2+ ?&(2+ 2&'&(/+ (&? 453?+/&7 9.2&26.5& 6+ 23(;+1 .*5,&(2+ /&6+ . 5&*& 5&@+(& +3 27+52.67.</+ '302.;+ /3?. ?+ 45.28*23 '.3 /35.=B+2 /&3 &5:.(& &*&47.5&B+13 8 1+ *.;.26/. 4536735 + 3<+/8?+1 43(+B&A+ '53?& /5+(+7& 43*6+ 7.B8 *& .: ?+ 45+ -+1@375+6& '.03 3/3 &0. B+13 -&73 5& *.7. 2& /319358 -& 4&;.?+27+ (+ *58)3 ?+ 6&*& 67(&5 2&=+ 35 )&2.-&;.?+ . 1. .27+2-.(23 5& *.13 2& 731+ *& 2+/+ 6.72+ 4531+2+ 2&45&(.13 2& 3623(8 -&/@8<&/& /3?+ 613 .6/867(+23 *3'.0. ,.(+B. 8 3(3? -)5&*. *3 6&*& 3'?&62.3 ?+ 45(. <3(+/ /5&@+(&</+ /8B+ -*5&(@& 32&/3 7+=/8 6.78&;.?8 /&*& ?+ /3182./&;.?& (3-&<& . 4+=&/& 8 5+?328 '302.;+ 8 4.7&A8 *3 *&723 B+ -&/3140./3(&7. 5+/32 6758/;.?& 27+52.67.</+ '302.;+ 4& .- $ 78*+2.;&
!
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
!
"
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
!340&2& /&3 . 123)& ?&(2& 45+*8-+B& .1& 453'0+1& 6& 2&40&731 *8)3(&A& 3 6&*& ?+ 43 5+<.1& *.5+/735& /5&@+(&</+ !340&2+ 2&45&(@+23 3/3 3*673 6435&-81& 3 5+453)5&18 =73 2.?+ *3(3@23 & &4+08?+1 2& 6(+ *8,2./+ *& .6/35.67+ 43)3*2367. 6435& -81& 3 5+453)5&18 /&/3 '. .'+)0. *3*&72+ 753=/3(+ . 878,+A& !3 68 2+43480&52+ 1+5+ &0. B+13 8/30./3 )5&>&2. 2+ 40&7+ 6(3?& *8)3(&A& -& )5+?&A+ '.7. 45.28>+2. *& .: 45.1+2.13 .67.<+ 5'*'2 56,2.>,).A +.5,/735
3 &/328 3 +2+5)+76/3? +9. /&62367. 6(+ 7340&2+ *3 )3*.2+ 3'&(+-2+ 68 *& 45+>8 2& 2&40&78 )5+?&A& 43 8753=/8 5+?&A+ 43 8753=/8 -2&<. )&-*3 (&A+ 734037231 +2+5).?31 3 1&B.267(& 3*08<8?8 =7& B+ . /30./3 )5+?&7. . 6&1. 43*+=&
"340'2'
(&?8 7+14+5&7858 !&/3 /32753 0.=8 . 6(3?+ 5&<82+ /30./3 43 753=+ 730./3 B+ . *& 40&7+ !3/31 ;+0+ )3*.2+ 40&B&B+ 6+ 9./62& ;+2& /3?& '. 75+'&03 *& .-236. *.2&5& 43 /(&*5&78 4086 7-( (&5.?&'.02& ;+2& /3?& 6+ 3*236. 2& 43753=A8 7340372+ +2+5).?+
'3) 436/84@+A& )&6& . 6758?+ ;+2& )5+?&A& 8 5&@+(8 75+'&03 '. *& '8*+ 43(+B&2& -& 3/3 75. *.2&5& 43 /(&*5&78 3* 23623 3/3 <+7.5. 3*673 +>8 7.1 43 5+<.1& 56+2.?+(.B& 8 *3)3(358 6& 03/&0231 6&13845& (31 43/8=&B+ *& 6+ 4532&>+ 2&?43(3@2.?+ 5+=+A+ . -& )5& >&2+ &0. . -& !340&28
5*36*0&%4
!421-.%
$
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
%)2-9% 2:2'-? 1%:*/1-. )*=*>% ,% '%14*)1* 5-67%9-<*
$-1957 A- /( 5*: +5,04: 5)-/ )-,05 :40;573- /( 8*- 6706(, 401- =0*024- /(?909- "57-, 86-=0A(20/5*(40< 84(+( 15A- 8)(*- /(?90953 5, 65.(7( 65 ;57 3(=0A0 4( 40*5: 517:+( 9- 86=0A(20/5*(4- 84(+- D- )090
42'*4-/- 1-'2 2&7:*1256- 7 4*%/1-0 75/2'-0%
65A(>(C- : 82:>(A-*03( 1(,( 865.(70 7(/):19- 1(5 ?95 8- ,-?( *(25 +5,04(3( :4(/(, : 5152040 7(B-*(
:97-407(4- 0 /( 86(8(*(C- 4( *5,0 0 65, *5,53 5,45845 86-=0A(20/5 *(4- 84(+- /( /(?909: 0 86(8(*(C0/ 7:?-*04( % 67-,895A-D-3 6-
705,: 6705709-9 D- 4(3 )090 ,( 15362-907(35 *5, /( /(?909: 5, 65.(7( 03(A:D0 : *0,: 8:?40 6705, 15A0 A- :*-2015 97(A- 0 *2010 )75A 65.(7( 4( 59*57-453 6758957: (7-,4- +5,04- 62(40 7(35 ,( 5):>035 0 84(+- : ,7:+( ,*( 8-+3-49( /(?909- 0 86(8(*(C( 0 4( 9(A 4(>04 D- =0*024( /(?909( 6545*5 ,5)090 4( /4(>(A: 65A(8 405 A- # ) -2010 3590* 6706(,40=03( 5*5+ *5,( A- 0 8(3( >0C-40=( ,( :152015 8- :1(.- 6597-)( /( 825 )5,403 7(,403 3-8903( : (975 +(845 86(802(>103 A-,040=(3( ( : $-1957: /( *(47-,4- 809:(=0A675=-4- ,( 8: 86585)40 ,( 5,+5 *57- /(,(=03( 35+: ,5)090 0 89(245 /(6582-C$*(15 :1(/(45 7(,45 3-895 /( 675;-8054(245+ *(975+(8=( :152015 4-15 5, 5*0< 353(1( ):,/( 08903 0/7(/05 .-B: 656: 40D-35 0/ 7-,5*( 5*5+ *5,( A-7 8: 90 B:,0 *-D 5):>-40 0 86585)40 ,( 5,+5*57- /(,(=03( 15A0 8- 67-, C0< 6589(*- /(1B:>05 A- 4(>-2 401 !,-B-C( /( *(47-,4- 809:( =0A( 7(B-*( $ )
*)0-9%
! !, ,5 8-69-3)7( 4( 65,7:>A: +7(,( /()-2-.-4 67-17?(A( A(*45+ 7-,( 0 307( 5, >-+( >(1 9:>( (*,-4 170*0>40< ,-2( 56
?9-+ 170304(2( 0 A-,45 0/ 5)2(890 670*7-,45+ 17030 4(2( 5+5,025 8- 8(5)7(D(A40< 4-/+5,( : 15A03( 8: >-9070 20=( 2(1?- 65*7-@-4( *0,-4
" 907(45 A- 0 67-17?(A( 0/ )-/)-,45890 8(5)7(D(A( ()-2-.-4( 8: 0 ,*( 65.(7( : 15A03( A- 670>0C-4( 3(970A(24( ?9-9( 5, 515 ,04(7(
)5+ 5845*( 8:3C- ,( 8: 0/ *7?020 170*0>45 ,-25 ( ) & ( : 4(89(*1: (1=0A- 4( 8:/)0A(C: ;04(480A815+ 17030 4(2( 6520=0A810 82:.)-40=0 "520=0A81- :67(*- : 7(B-*: 8: 20?020 825)5,- 0 /(,7.(20 ,5 8(90 *2(8401( 0 ,07-1957( 67-,:/-D( 8( 65,7:>A( " 585*( 0 -95<0A- 0 *2(8401( 0 ,07-1957( 67-,:/-D( 15+25)(2 !! #(?1( 0 0804( :40*-7 /(2 !! #(?1( "706(,40=0 170304(20 890>1- 6520=0A- 8: : 8(7(,C0 8( "57-8153 :67(*53 #-+05 4(2403 =-49753 7(+:A-*(= 4(154 *0?-3-8->45+ 56-7( 90*45+ 7(,( ,5?20 ,5 5845*( 8:3C- ,( 8: 0 5? 9-9020 ):E-9 #-6:)201$7)0A- /( 0/458 5, !8:3 C0>-40 8: 5, +5,04*7?020 4-/(15409 65*7(D(A #
%67(* 8(5)7(D(A4- 6520=0A04089(789*( :4:97(?C0< 65 825*( #-6:)201- $7)0A- 675 9-125+ *01-4,( 8675*-2( '-497(24: (1=0A: 65A(>(41549752- 8(5)7(D(A( :83-7-4: 4( 1549752: 680<5;0/0>15+ 89(C( *5/(>( 59170*(C- 8(5) 7(D(A40< 67-17?(A( :67(*B(C( 35957403 *5/0253 65, ,-A89*53 (215<52( 680<5(190*40< 8:6 89(4=0 0 ,7:+0< 9-.0< 6717?(A( ( 65,7:>A: "520=0A81:67(*- 7(B-*5 : (1=0A0 A- :>89*5*(25 6706(,401( 8(5)7( D(A4- 6520=0A- 8( 89(7-?04(3( !*53 67020153 A- 154975208(45 :1:645 *5/02( 0 *5/(>( $675*5,-D0 (1=0A: 6706(, 40=0 8(5)7(D(A4- 6520=0A- 8: 8(41=05408(20 67-17?(A( $(41=05408(45 A*5.C0 67-153-7453 )7/0453 0 :67(*B(C( *5/0253 65, ,-A89*53 (215<52( "706(,40=0 8(5)7(D(A4- 65 20=0A- 8: 0/ 8(5)7(D(A( 08 1B:>020 8*0< *5/(>( 15A0 8: *5/020 65, :90=(A-3 (215<52( 1(5 0 ,*( *5/(>( 15A( 8: :67(*
" ( 812(6(A:D0 ;0190*465825*- 5 675,(A0 4(;9- 0 4( ;940< ,-70*(9( 8( 67-, :/-D03( 15A( 8: 7-+08975*(4( 4( 9-709570A0 " 585*( 0 -95<0A$:3C( 8- ,( 8: 5, 897(4- ,5 )(*B(>( 67-,:/-D( 15+25)(2 0 0804( %40*-7/(2 *7?020 ;(19:708(C- 0 4(*5 ,020 4( -*0,-4=05403 20895 *03( ,( 8: 1:6=0 4(;9- 0 4(;940< ,-70*(9( 67-,:/-D( : *2(840?9*: # 0(15 89*(745 408: /(6703020 4(*-,-4- ,-70 *(9- 4090 -*0,-4907(20 675 3-4- : 65825*453 1C0+5*5,89*: : 67-,:/-D03( 15A0 8: 4(*-,-40 1(5 1:6=0 4090 8: 670A(*B0 *(20 6753-9 4(,2-.45A "57-815A :67(*0 *-D 8: 4(;9: 0 4(;94,-70*(9- 675,(*(20 4( =745 ;0/0>103 20=03( 4( 9-709570A0 " 0 !8:3C0>-40 8: : /(154 8153 751: 670*-,-40 0897(. 453 8:,0A0 0?-+ 8:,( : 7(B-*:
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
>3<?39
5.E8. 65 E?.9<3 7I61. &6806G3 =3G.7;06J
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
%' &'% ( # '# %
.5.=30.C
" *
<32<1<>;<?@7 8<H4 H4 >/@ =>4@1<>7< A <0H48@4 734<9<27H/ @<@/97@/>;7C ?7 ?@4:/ =<97@7E87 72 ><8/67 A 0><HE/;4 <0467:4J4;4 =< 3/@84 / 7?@<>7<2>/ B7H/ A =>/@4K4 ?4814;D4 149787C 1<H;7C =<3AC1/@/ 6/ >/K4;7C ?@>/;/ ?14?;< H4 7;?7?@7 >/J4 /A@<>/ <14 8J724 "<@71/D7H7 6/ 0/1I4J4 >A27: ?14@?87: >/@<: <3 2<1<> :<54 07@7 97E;7 7 7?@<>7E/> ?87 &/69<2 @<:4 H4 F@< =>43 ?<0<: 7:/ $@: 623:?6?3? <;>?=.2.86B 7 <0/146AHAK7 6/3/ 2>/3A ?/ =>4=<>A8<: /8/34:78/ @/8 3/ =>43?@/1I/J4: 7:4;/ 7 A0<3>/2/ 7:7K/ 7 =<3 =<8>< 97E;7C =<3/@/8/ < 5>@1/:/ =< 17@4I?@1<: "7;7?@/>?@1/ 6/ 8AF/ 3/ =><3>4 A J7C<14 571<@4 8A9@A>A 7 7;B<>:7?/J/ &4=A0 J7C<1A IA3?8A 37:4;67HA 8/< 7 9784 '>07H4 3/ =>43?@/17 3AC 4=<C4 8<H/ :4 /3>5/1/J4 ;/ ;4=<;<1I7 :<>7H/976AH4 7?@<>7H?87 3<2/G/H 17: 97E;7: =<3/D7:/ < <07E =7F4 ! * $ * # , A ;7: IA37:/ 046 <>A57H/ 7 1<H;4 A1<3A 8J724
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
#%
"
"(
;=2.:. '69;?6G306J 6 3G.: 837>6J 3>A27 =A@ 3<07@;78 / F7;<2 =4>/ / ;/2>/G4; H4 7 2<37;4 6/ 607>8A =>7E/ "A678/ @>/57 AF7 $ J42<1<: 34EH4: ?@1/>/9/F@1A 2<1<>797 =><B 3> <1/; AF@/;< 17K 7 ;3>4/ 718<17K =>43?43;7D/ 57>7H/ /C1/IAHAK7 <>3/;7 (7:<@7H417K 7 4H/;A 948?7K/ EA9< ?4 =>797 8<: 3<349/ ;/2>/3/ 3< :/K/ 8J7541;<?@ 6/ 34DA 0<2/@7H/ H4 6/ 34?4@7;4
8J72/ 8<H4 =<3H43;/8< >/3< E7@/HA 7 34D/ 7 <3 >/?97 7 8<H4 07 E7;794 E/?@ 8J7541;<?@7:/ ;4 A=<>4371< 14K7C 7 >/6 17H4;7H7C 41><=?87C 3>5/1/ ;42< F@< H4 ;/F/ <8 ?:< <1/H @48?@ =>7=>4:/97 6/ ;<17;4 76 /J/9A84 ?@729/ H4 14?@ 3/ H4 7 ;/ @/:<FJ4: '/H:A 8J72/ =><6;/ 8J72/ <> 3/;4 (7:<@7H417K '1>/ 87; ?/@ ;/2>/G4;/
%32;0:. &7@<E?6:. (&$%& . @ =.H30@
"#
$%
&
"
&'
$
+
6C #2=4.:. 5/;=:. >7@<E?6:. (:6G3 >6:267.?. <=;>03?:6B =.2:67. @ =.H30@ ";06 <=32>32:67 G3 <=; ?378;1 A3>;= 9.?39.?673 =.D@:.=>?0. 6 6:A;=9.?673 @ 7=.H30.D7;G 69:.56G6 ;=2.: !.=7;06J . <;D.>:;1 0;568; <=32>32:67. 65./=.: G3 2@1;1;26EI6 <=32>32:67 (:6G3 >6:267.?. 60.: $3E6J 93?.=. %><B4?<> :/@4:/@784 >/EA ;/>?@1/ 7 7;B<>:/@784 A 8>/I41/E 8<H 7:;/67H7 <>3/; "/>8<17K ;<17 H4 =>43?43;78 );7H4 ?7;37 8/@/ =><?14@;7C >/3;78/ A >/ I41A ' <067><: 3/ H4 <3 2<37;4 E9/; 9/1;<2 <30<>/ );7H4 7:/ 7?8A?@1/ A >/3A 8/3/ H4 >4E < 6/3/D7:/ 7 D7I417:/ )'%&' / /3/@/8 H4 @45/8 =>4 ?142/ H4> >46A9@/@7 ;7?A <3:/C 173I717 <978< 2<3 ?4 @>A3797 :<54@4 3/ ;/7G4@4 ;/ 673 ?/ 3>A24 ?@>/;4 7 3/ ;4 A?=4@4 3/ >4/976AH4@4 <;< F@< ?@4 ;/:4>/1/97 /< 7 3< ?/3/ :7 ;4 <04K/1/:< ;7F@/ <?7: 3/ K4:< 3/ 3/:< ?14 <3 ?404 ;/29/?7< H4 <>3/; "/>8<17K ;<17 =>43?43;78 )'%&' / A >/I41A );7H/ ?7;378/@/ =><?14@;7C >/3;78/ A >/I41A 7:/ E9/ ;<1/ / =>7:/>;7 D7I H4 3/ 6/?@A=/ 7;@4>4?4 =><?14@;7C >/3;78/ #<17 =>43?43;78 H4 7?@/8/< 3/ K4 ;/?@/17@7 0<>0A ?1<2 =>4@C<3;78/ 7 3A2<2<37FJ42 =>43?43;78/ );7H4 ?7;378/@/ " ) , 6/ F@< 0<I4 A?9<14 >/3/ 6/ >/3;784 A =><?14@7
?/3/ #/=>/1797 ?:< H43;A ?/?17: ?<973;A <>2/;76/D7HA 8<H/ 6;/ F@/ C<K4 6;/ F@/ ?A J4;/ =>/1/ 7 <0/ 1464 8/54 " ) , =< E/?;7 =>43?43;78 )'%&' /
H4 ;4=>4?@/;/ H4> A148 =<?@<H4 <;7 8<H7 C<K4 3/ ;/? =<1>434 7 3/ ;/: A?8>/@4 ;48/ =>/1/ / 3/ ;/: ? 3>A24 ?@>/;4 ;/@<1/>4 F@< 17F4 <0/146/ ;/ 1>/@ 7?@7E4 ) ,
;=2.: !.=7;06J :;06 <=32>32:67 (&$%& ' <067><: 3/ H4 ;43/1;< =< E49/ ;<1/ F8<9?8/ 2<37;/ ?/3/ H4 =>7978/ 3/ ?4 A8>A=;7 ;<>:/ IA 37:/ 8<H7 ;4:/HA =A;< >/3;< 1>4:4 7 @< H4 @>4;A@;< ;/F =>17 6/3/@/8 "7 ?:< 3<0/> 34< @4C;<9<F87C 17F8<1/ >4F797 A ?/>/3J7 ?/ .8<9?8<: A=>/1<: :/:< =>< 094:/ <8< 0><H/ G/8/ 8<H7 H4 A =<H437;7: <34I4J7:/ ;487C =<=A 9/>;7C F8<9/ 14<:/ 149787 F@< ;78/8< ;7H4 3<0>< ;7 6/ G/84 / 7 ;7
6/ <;4 F8<94 8<H4 <;3/ 7:/HA :/J7 0><H AE4;78/ 7?@/8/< H4 $ # , / =<E/?;<2 =>43?43;78/ );7H4 ?7;378/@/ =><?14@;7C >/3;78/ A >/I41A 76/0>/; H4 71/; %4F7K 8<H7 H4 <@7F/< A 6/?9A54;A =4;67HA 7 8<H7 H4 ?8<>< 2<37;/ 07< =>43 ?43;78 )'%&' / '9<54; H4 =<?/< 8<H7 ?:< >/ 3797 :4GA@7: H/ ?/: 14<:/ 6/3< 1<I/; ?@/J4: A 8<H4: ?4 ;/9/67:<
&;862:. ;=1.:65.C6G. 7;G. 5:. E?. B;J3 %<E/?;<2 =>43?43;78/ =7@/97 ?:< 7 8/8/1 H4 ?/14@ 3/< ?1<: ;/ ?943;78A $; 6;/ F@/ @>40/ 3/I4 3/ >/37 "<>/ 3/ ?4 ;/?@/17 0<>0/ 8<H/
#/ '8A=F@7;7 )'%&' / A? 1<H4;4 ?A 76:4;4 7 3<=A;4 '@/@A@/ / 76/0>/;7 ?A 7 E9/;<17 #/36<>;<2 7 '@/@A@/>;<2 <30<>/
/8< 07 ?/97 =9/;7 07D7897?@7 3<F/< H4 ;/ 1784;3 ;/ < 9<2 1784;3/ <8A=79< <8< ;7;?8<2 07 '>07H4 /97 2<17;4 '17 @/8 / @< H4 A 1<5J7 7 3>A ?A <E =<?4@ %>17 = 07D7897?@7 -784> ?/>/ ?:< 6/H43;< 978<: :/>/@ %71?8<2 H464 3>A54J4 #/ 8/< 3<?@/ => ?/: <134 #$ " $#& 3<F/< E/8 7 +@49/ IA0/1 =>4: D78976:A H =>4:/ =>7> <134 7 H/8< H4
9/.=
"#
'%
% &'#
&(
! %
'
&%
"
(
( #98.26:>7;G @86C6 ;?0;=3: G3 9.8;<=;2.G:6 ;/G37.? =6>?;8 9.=73? ?=3J6 @ >78;<@ ;03 @><3E:3 A6=93 7;G. >3 /.06 <=;650;2I;9 A8.E6=.:3 0;23 6 <6J. .86 6 <37.=>7;9 6 @1;>?6?3H>7;9 238.?:;EJ@ ) $:9/37;?8<H A97D7 0><H A =<;434I/8 H4 <@1<>4; >7?@<9 :/> 84@ @>4K7 @/814 1>?@4 A >/I41A >A2/ 31/ ?4 ;/9/64 ;/ 9<8/D7H7 A <;/>41A 7 ;/ 769/6A 76 >/I41/ =>4:/ -/E8A =<>43 >4?@<>/;/ >7 ?@<9 $39AE797 ?:< 3/ <@1<>7:< 7 @>4K7 :/9<=><3/H;7 <0H48/@ A >/ I41A / ?14?;< ?:< 6/ 9<8/D7HA <3/0 >/97 ;/H=><:4@;7HA A97DA A 2>/3A 8/3/ ?A =4F/D7 A =7@/JA $:9/37; ?8A A97DA 43/; <3 >/69<2/ 9457 A @<:4 F@< ;/: H4 ;/:4>/ 3/ >7?@<9 1<3/ 7 >7?@<9 C940 0A3A H<F 17F4 3<?@A=;7 2>/G/;7:/ >/I41/ $;< F@< @/8<G4 ;A37:< H4?@4 7 :< 2AK;<?@ 3/ >/I41E/;7 ?1<H4 2/9<;4 6/ 1<3A 8<H4 8<>7?@4 ;/ 1<3<:/@7:/ 8<3 8AK4 797 A B7>:7 =><:4;4 A ;/F<H =><3/1;7D7 #/H/17KA 7 H<F H43;A A?9A2A 8<H/ K4 A?8<>< 07@7 3< ?@A=;/ A >/I41A / @< H4 3<?@/1/ 1<34 ;/ 8AK;A /3>4?A %<>43 >7 ?@<9 1<34 8<HA ;A37:< A >7?@<9 :/>84@A <?1>;A< 07C ?4 7 ;/ >7 ?@<9 ?<8<14 <?145/1/HAK/ =7K/ /97 7 2/67>/;A 1<3A 8<H/ ;4 :4J/ ?/?@/1
$;0;H:3 C3:3 ;28;43:; <8.J.I3 /;1.? .>;=?69.: A @<8A 2/67>/J/ #/F/ 1<3/ =<6;/@/ H4 =< @<:4 F@< 7:/ 17?<8 ;71< :/2 ;467HA:/ A ?407 7 149787 0><H 8<: =<;4;/@/ 8<H4 07 @>40/9< 3/ ?/3>57 1<3/ 1>CA;?8<2 81/97@4@/ =/ ?4 >/; 27>/ @78 A6 B>/;DA?87 17H/; 8<H7 H4 046 =>4:D/ /3/ H4 C940 A =7 @/JA 76 ;/F4 =48/>4 769/64 ?14 1>?@4 C940/ =<9A0497 0497 >/ 5/;7 D>;7 7 C940 ?/ 57@/>7D/:/ 7
673:2 :. ;D@ @ ;=1.:65.C6G6 !
" "&
+
?4:4;8/:/ <0H/FJ/1/ ! " ' !# , :4;/L4>/ 6/ <3;<?4 ?/ H/1 ;<FKA B7>:4 %/=7>=><3A8@ A E7H4: ?89<=A =<?9AH4 >7?@<9 :/> 84@ %<>43 C940/ A =<;A37 ?A 7 >/6;4 1>?@4 =4D71/ 8<H4 3<9/64 76 >7?@<9 =48/>4 ) <1<: :/9<=>< 3/H;<: <0H48@A >/I41E/;7 :<2A 3/ =/6/>4 149787 0><H =>4C>/:04;7C 7
,673=
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
! &
%#
'
)#"
")% /@><2/?D7 +7@;/ =<:<K (494B<;?84 ?:4@J4 (4942>/:7 7 :4G >/62<1<>7 ;B<>:/D7H4 '9A50/ 0AG4J/ <H;/ C7@;/ =<:<K '$' @494B<; "' ")% >/I41< '/<0>/K/H;/ =<97D7H/ $=F@7;/ >/I41< %>/1;/ =<:<K 4946;7E8/ ?@/;7D/ A@<0A?8/ ?@/;7D/ 948@><37?@>70AD7H/ 37?=4E/> <3<1<3 37?=4E/> (<=9/;/ 37?=4E/> -7?@<K/ 37?=4E/> <9;7D/ <: 63>/1I/ &70;7D <: 63>/1I/ 4;41/ 4EH/ =<97897;78/ "A64H #/><3;/ 07097<@48/ >/I41/E8< =<6<>7F@4 (A>7?@7E8/ <>2/;76/D7H/ >/I41/ 7<?8<= 1/>@ ,>14;7 8>?@ 4@4>7;/>?8/ ?@/;7D/
"' % & "'"
C6786>?6D76 78@/ ,673= @ >.=.2I6 >. '@=6>?6D7;9 ;=1.:65.C6G;9 =.H30. 6 3DG69 ;29.=.86E?39 ;D <=; 0673:2. ;=1.:65;0.; G3 9.@:?6: /.G7 0673:2 :. ;D@ #7; H@/6?3H. <8.:6:>7;1 /6C678659. 65 C383 &=/6G3 G3 ;/38343:69 /6C6786>?6D769 >?.5.9. :. ;D@ . ;/6E86 >@ 6 :.G06E6 0=B &?@23:3 <8.:6:3 .01.86G@ :.29;=>73 06>6:3
F@< 17F4 =><:<17 7;?87 07D78976/: 7E87 89A0 -784> 734HA 3/ <>2/;76AH4 <EA (/8< ?4 =><@48 / ;/ <1<H =9/;7;7 < IA07@4I/ =9/ 7D78976:/ 76 D494 7 76 <?;4 7 +4>D4 ?A 7:/97 7?@7 6/3/ A571/J4 A =>7><37 A54JA #487 <3 J7C @797 =>17 =A@ =A@ ?/: ;/ <EA '/ 7E87: 89A0<: /GAH4: <3 HA;/ 8/3/ AE4?@1<1/97 ;/ 14 @<;A <3 >/I41/ 3< 4>/ (/8< H4 =<E49< / :/>/@<;A ?/: ?@4 >7H/@4I/ 7 60<2 J7C 8/54 07D7897?@/ & , 8<H7 H4 ;/ <E 76 <0<H/ 07C 3/ 7?@/8;4: 3/ :/ =9/;7;?8<: 07 H4 6/=>/1< IA0/1 ><37 %>17 =A@ ?/: 4 94=< =>4;49/ ;/:
?@7E8<: <>2/;76/D7H<: >/I41/ 7 4EH7: <3:/>/97F@4: <E <39AE797 3/ <>2/;76AH4:< 17 84;3 ;/ <1<H =9/;7;7 <0H/F J/1/ #!' # ,
%.23 ;8@/;06J <=32>32:67 ! H4 ?1<H4 A@7?84 $ %& " + , 07D7897?@87J/ 76 4< 2>/3/ 34H/ 3/ 07D7897?@7 =>< 143A 1784;3 ;/ <EA ><379/ ?4 ;/ 14978<: 07D7897?@7E8<: :/ >/@<;A ) <817>A %><H48@/ =>4 8<2>/;7E;4 ?/>/3J4 '>07H4 7 ,>;4 <>4 8<H7 H4 =><F94 2< 37;4 B7;/;?7>/9/ 1><=?8/ );7H/ <3>5/; H4 149787 07D78 97?@7E87 :/>/@<; >/I41<
@/814 :/;7B4?@/D7H4 /97 7 3>A 54J4 07D7897?@/ ;/ <EA 7:/HA 149787 6;/E/H 6/ >/61<H @A>76:/ >/3 / 7 :7 A (A>7?@7E8<H <>2/;76/D7H7 :<>/:< 3/ >/6
,673=
%I41I/ $14 2<37;4 8>/H4: HA;/ :/>/@<; H4 <3>5/; ;/ >49/ D7H7 <3 >/I41/ 3< %71?8<2 H464>/ 7 @< 6/C1/IAHAK7 14978<: 6/9/2/JA 07D7897?@7E8<2 89A0/ -784> 7 (A>7?@7E84 <>2/;76/ D7H4 >/I41/ "7 ?:< :/>/@<;D7:/ =< :7J/97 ;/F <E 7 ;/F4 =>494=4 ?@/64 8/< 7 <8<97;A >/I41/ $;7 ?A 76>/6797 54IA 3/ =<?4@4 <E /@< ?:< 6/H43;< ?/ (A>7
!3F@ /6C6786>?69. 6 /=.D:6 <.= 65 "39.D73 =>43?43;78 " -784> 76 >/I41/ ) (A>7?@7E8<H <>2/;76/D7H7 >/I41/ 76A64@;< ?A 6/3<1<I;7 8/8< ?A =><@489/ <0/ 07D7897 ?@7E8/ :/>/@<;/ 7?@7EAK7 3/
:7FI/:< 3/ <14 ?7@;4 @A>7 ?@7E84 =<@464 8/< F@< ?A :/A;@7; 0/H8 /8@71;7 <3:<>7 146/;7 6/ >/B@7;2 =9/;7;/ >4J4 (>40/ =><F7>7@7 @A>7 ?@7E8A =<;A3A "7 =<8AF/1/:<
3/ ;/=>/17:< H43;A @A>7?@7E8A =>7EA 8<H/ K4 7:/@7 48<;<:?84 4B48@4 7?@/8/< H4 $ " * ( , 37>48@<> (A>7?@7E84 <>2/;76/D7H4 >/I41/ %9/;7;?87 07D78976/: A 1><=7 H4 14<:/ =<=A9/>/; /97 H4 7 7;@4>4?<1/J4 A '>07H7 76 2<37;4 A 2<37;A ?14 14K4 8<978< H4 =9/;7;?87 07 D78976/: =<=A9/>/; 1/; '>07H4 79A?@><1/KA =<3/@8<: 3/ H4 =>< @4894 ;434I4 ;/:/ A 2<?@7:/ 07< 0>/E;7 =/> 76 #4:/E84 $;7 >/34 A 4<2>/3A / ;/ ;/F4: ?/H@A =><;/F97 ?14 =<@>40;4 7;B<>:/D7H4 /H43;< ?:< ?4 1< 6797 31/ 3/;/ 0797 ?A 7 ;/ <EA <079/6797 ?@/64 &4897 ?A ;/: 3/ K4 <;7 /97 7 3<?@/ J7C<17C =>7H/@4I/ ?9434K4 2<37;4 3<K7 ;/ :/>/@<; 8/54 #!' # , 7D7897?@7 ?A @<8<: 17 84;3/ 1<6797 <049454;7: 07 D7897?@7E87: ?@/6/:/ ;/ <EA / <07F97 ?A 7 1>C '@A34;4 =9/ ;7;4 /12/97HA ;/ ;/3:<>?8<H 17?7;7 <3 :4@/>/
0+.1+-*)/ "
" '00 0$:#%;5:(
2#;(%0
' #$
! # 120'#:5 2#370'0%#/+7 %0*+-#
! ' # !# $ " # ( # !$ $ ! $ !$(# % ! & 1+,
# 03/0%5 '-5,( '+2(,402# -(,420.0/4#)( ' 0 0 2#;(%0 $20: 0' &0'+/( %29+ 3( 120'#:# 2#370'0%#/+7 03/0%/+7 32('34#%# %0*+-# 12+,51;#<(. 1+3#/+7 10/5'# 5 *#4%02(/0: ,0%(24+ 2('.(4 120'#:( 35 D`_ZVdW[ P[UVX[ YN]WS 4@NRN BVPN3 \][VUP[RiS UN\]SYVZN Y[_[]N % D[dS_ZN cSZN RVZN]N
Q[RVZN
D`_ZVdWV N`_[Y[OVX 4H7=3 Y[RSX Q[RVZN \][VUP[RiS UN\]SYVZN Y[_[]N % D[dS_ZN cSZN
RVZN]N
D`_ZVdW[ P[UVX[ YN]WS 4 `Q[ ?[]NX3 Q[RVZN \][ VUP[RiS ^ZNQN Y[_[]N #. UN\]SYVZN Y[_[]N % D[dS_ZN cSZN RVZN]N D`_ZVdW[ P[UVX[ YN]WS 4=N^_NPN 5`Q[ RVZN \][VUP[RiS UN\]SYVZN Y[_[]N D[dS_ZN cSZN RVZN]N
?[]NX3 Q[ %
D`_ZVdW[ P[UVX[ YN]WS 4@NRN BVPN3 eW[hWN D[dS_ZN cSZN RVZN]N E[P[W[\Nd 2 `_[PN]VPNd 4DEC:E<F3 _V\ \][VUP[RiS ^ZNQN Y[_[]N #. D[dS_ZN cSZN RVZN]N 5NPZ[ [_PN]NiS \[Z`RN jS ^S [R]TN_V RNZN
Q[RVZN
RVZS ` \][^_[]VgNYN 4<XSW_][Y[Z_NTS3 R [ [ ?]NhSP[ ` `XVcV 7S][R][Y^WN O][g ^N \[dS_W[Y ` dN^[PN E[W UN R[^_NPhNiS \[Z`RN gS Q[RVZS R[ dN ^[PN D]NP[ `dSejN VYNg` ^PN \]NPZN V aVUVdWN XVcN W[gN ZNgWN^ZVgS R[ \[dS_WN XVcV_NcVgS `\XN_S VUZ[^ [R \[ dS_ZS cSZS P[UVXN UN W[gS R[^_NPhNg` \[Z`R` V \[RZS^` \[ Z`R` ` UN_P[]SZ[g W[PS]_V D[_]SOZ[ gS RN UNVZ_S]S^[PNZV `dS^ZVcV \[Z`fSZ` cSZ` UN P[UVX[ R[^_NPS ` UN_P[]SZ[g W[PS]_V ^N ZNUZNW[Y ZN W[ PS]_V 4D[Z`RN UN P[UVX[ \[R ]SRZVY O][gSY3 V ZNPSR` ]SRZV O][g P[UVXN UN W[gS R[^_NPhNg` \[Z`R` 9[UVXN ^S Y[Q` ]NUQXSRN_V ^PNW[Q ]NRZ[Q RNZN [R R[ Q[RVZS ` \S]V[R` [R R[ dN^[PN ZN \XNc` 4<XSW_][Y[Z_NTS3 R [ [ ?]NhSP[ D[Z`fNd W[gV gS \[Z`RV[ ZNgPVeV VUZ[^ UN P[UVX[ R`TNZ gS RN `\XN_V W`\[\][RNgZ` cSZ` V \]S`UYS P[UVX[ ` ][W` [R ^SRNY RNZN [R RNZN gNPZ[Q [_PN]NiN \[Z`RS VXV ` ^`\][_Z[Y Q`OV \]NP[ ZN \[P]NjNg `\XNjSZ[Q VUZ[^N \[dS_ZS cSZS 9[UVXN ^S \][RNg` \[ \]VZcV\` 4PVfSZ[ W`\hSZ[3 V ZSjS ^S \]VYN_V ZVWNWPS ]SWXNYNcVgS W[gS ^S [RZ[^S ZN V^\]NP Z[^_ W[Y\XS_Z[^_ R[W`YSZ_NcVgS V _SbZVdWS WN]NW_S]V ^_VWS C^_NXS VZa[]YNcVgS ^S Y[Q` R[OV_V ZN _SXSa[Z X[WNX V
Q[
"
$ ! & ( $
" !
$
#
!
$
! $#
+2(,402 2594%# 2#9,0 (-+8,0%+= '+1- 12#%/+,
" 1 D][RNgSY \N]cSX` N]V ZN `XNU` ` AN _N]`eW` 8Ni` UN ^PS ZNYSZS D[P[hZ[ A[Q`j ^PNWV R[Q[P[] KSZN SP]N N] 1 D][RNgSY W`j` Y ` EN_VZV cSZ_N] N]V [W`jZVcS ?[Y\XS_Z[ [\]SYhSZN XSQNXVU[PNZN N^SVUYVdWN Q]NRiN 1 D][RNgSY VXV VURNgSY X[WNX Y ZN ?Sg` ` \][XNU` W[R WNaVjN 4F[_[ F[\]N3 1 D][RNgSY VXV VURNgSY ZNYSe_SZ _][^[ ONZ ^_NZ ` ^_][Q[Y cSZ_]` Q]NRN R]`QV ^\]N_ K: WNOX[P^WN _SXSa[Z VZ_S]a[Z A[TS V UNYSZN UN 8S[Q]NR `U [RQ[P[N ]Ng`j` ZNR[WZNR` KSZN \[ R[Q[P[]` 1 D][RNgSY _]NW_[] Q[RVe_S ]NRZVb ^N_V ` [RXVdZ[Y ^_Ni` 1 D][RNgSY \N]cSX` [R bSW_N]N 4G[g[_` FSVW[3 :G> 4MW[R`3 1 D][RNgSY _][^[ONZ ^_NZ Y V X[WNX Y ZN JVQVgSZ^W[Y UNP[R` 1 D][RNgSY _][^[ONZ ^_NZ Y \[R]`Y ?`XN KSZN SP]N 9XN^ZVW A[Q`jN UNYSZN UN YNiV ^_NZ
1 D][RNgSY RPS ^_S[ZS g`ZVcS PV^[W[ YXSdZS ]N^S =PN_V [R R[ V [R dN ^[PN 1 D][RNgSY e_SZNR \SWVZSUS]N V PSe YN eVZS 1 D][RNgSY ^`PN [Q]SPZN R]PN [R R[ dN^
Y =PN_V
1 >URNgSY PSjV gSRZ[^[ONZ ZNYSe_SZ ^_NZ ^N UN^SOZVY `XNU[Y ZN R`TV P]SYSZ ^WV \S]V[R 1 >URNgSY ZNYSe_SZ` QN]^[iS]` ` 8S[ Q]NR` HXVcN 9[gP[RS 9XNb[PVjN 1 B`RVY `^X`QS \[Y[j ` W`jV d`PNiS RScS VXV ^_N]VgVb [^[ON
1 D][RNgSY WNRS V _`e WNOVZS V \[X[PZS D9K \][U[]S
1 C_W`\h`gSY W]`eWS V gNO`WS \NRNXVc`
1 D][RNgSY aV_ZS^ _]NW` UN _]dNiS
1 D[_]SOZN QN]NTN ` ?]NhSP`
1 ?HDH5<A [PcS V gNQiNR
1 C_W`\h`gSY ^SW`ZRN]ZS ^V][PVZS UN Y]UVPNdS a]VTVRS]S ]N^bXNRZS PV_]VZS e\[]S_S _SXSPVU[]S V R]`QV SXSW_[]Z^WV [_\NR XVY QP[TfS ;[XNUNW ZN W`jZ` NR ]S^` >^\N_N [RYNb
1 >URNgSY ZNYSe_SZ RP[^[ONZ ^_NZ ` 8S[ Q]NR` 9[TR[PNc K: _[\XN P[RN _SXS a[Z WNOX[P^WN XVa_ KSZN SP]N 1 >URNgSY ZSZNYSe_SZ RP[^[ONZ W[Ya[ ]NZ ^_NZ ` @S^ZVZV CRYNb `^ShVP ZN R`TV \S]V[R K: WNOX[P^WN VZ_S]ZS_ 1 >URNgSY ZSZNYSe_SZ RP[^[ONZ ^_NZ Y ^N K: ` ?]NhSP` cSZ_N] 1 >URNgSY W`j` ` :[]i[g EN_VZV \`_ UN ;]NQ[^VicS
1 D[e_SZ[Y ZNXNUNd` \[WXNiNY Z[PNc W[gV gS OV[ ` _[]OVcV N R[W`YSZ_N W[gN ^` ZNfSZN ^]\^WV V ZSYNdWV \N^[e P[UNdWN R[UP[XN RN \[eNhS ZN NR]S^` VU ^]\^W[Q \N^[eN 8S[Q]NR :[^\[RN] 5SP]SY[PN 1 H: 47W_S[X3 ` ^N]NRiV ^N ?K 4<PS]Q ]VZ3 []QNZVU`gS eW[X` a]NZc`^W[Q gSUVWN UN ^PS `U]N^_S V ZVP[S UZNiN ^N \[dS_W[Y [R ^S\_SYO]N 1 ?NaS \[^XN^_VdN]ZVcV 4 !)
/+) % 3
\[_]SOZS RSP[gWS V Y`eWN]cV UN ]NR ` W` bViV ZN \][RNgV \ScVPN ;[jV XVdZ[ HXVcN AVX[eN 9SXVW[Q 1 G<JB>L?> DE<:@<; 4A>@>?>63 FPS ZN gSRZ[Y YS^_` W[Y\XS_ZN ]SQV^_]N cVgN Y[_[]ZVb P[UVXN OSU [RXN^WN ` AHD CRX[TSZ[ \XNjNiS dSW[PVYN Q]NfNZN OS^ WNYN_Z[ "(-(60/+
1 ;CC 49V]kVZVgN3 ?]NhSP[ \]VYN ` ]NRZV [RZ[^ RP[gVc` W[YS]cVgNXV^_N HX[P 2 ^]SRiS [O]NU[PNiS D]SRZ[^_ SW[Z[Y^WN V _]Q[ PNdWN eW[XN V R[ Q[RVZN ^_N][^_V RP[gVc` P[UNdN H^X[P 2 \[X[TSZN K V < WN_SQ[]VgN YVZVY`Y Q[RVZ` RNZN ]NRZ[Q V^W`^_PN V R[ Q[RVZN ^_N][^_V =NVZ_S ]S^[PNZV ^P[g Y[Q` R[^_NPV_V XVdZ[ ZN ZNe` NR]S^` VXV ZN YSgX NR]S^` ' ! -!) 0!&!" )* ?[ZW`]^ ^S UNP]eNPN ` `_[]NW BN\[YSZN WNZRVRN_S W[gV ZS V^\`iNPNg` ZNPSRSZS `^X[PS ZSjSY[ `UVYN_V ` ]NUYN_ ]NiS 1 IV]YV 4 /! 2 ,/3 DN]NjVZ \[_]SONZ W[YS]cVgNXV^_N ZN _S]SZ` UN \[R]`dgS Q]N R[PN G]^_SZVW ?]NhSP[ ?]NQ`gSPNc LNdNW :[]iV AVXNZ[PNc D][RNgN ][OS eV][WS \[_][eiS D[_]SOZ[ V^W`^_P[ ` ]NR` ZN V^_VY \[^X[PVYN YVZVY`Y Q[ RVZN RNZN \[^XN_V ZN YSgX NR]S^` % /! $,/ (& % !$ '% ;[RN_ZS VZa[]YNcVgS V \V_NiN \[^_NPV_V ZN W[Z_NW_ YSgX
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
"
"E>B> /C O; O;:B6 C: B6O?E868>O>J 7>G6?6 ?COH O; 8C:>@6 FEDF?6 8COF?6 H ,E8CA F8;GF?CA E6GH 'H@A>B6K>O6 7>G?; B6 "E>B> 7>C O; )6L?C8 '6A;B B6 D@6B>B> 69C:Q> >=B6: 'EHDQ6 0 8COBCO >FGCE>O> 7CE7; B6 )6L?C8CA '6A;BH =67;@; <;B; FH ?6C B6OC9CEL;B>O; B6O?E868>O; > B6O:>B6A>LB>O; 7CE7; 0 CL6OB>L?CA E86QH )6L?C8 '6A;B O; ?6C A69B;G DE>8@6L>C C7; FGE6B; > DE;@6 =>C H EH?; L6F O;:BCO L6F :EH
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
#
DC@C<6O>A6 DC9>BH@C O; FEDF?>J CI>K>E6 6 E6Q;BC CI>K>E6 A;NH ?CO>A6 > DE>BK CEN; '6E6NCEN;8>R 0?HDB> 9H7>K> B6 FEDF?CO FGE6B> O; C?C 7CE6K6 >=76L;B>J >= FGECO6 .6AC & B;DE>O6G;P O; GC96 :6B6 DE;7ECO6C AEG8>J C: GC96 F8CO>J > FEDF?>J 8COB>?6 + C8CO 7>K> :C F6:6 B>O; ABC9C C7O68P>86BC O;E GC B>O; 7>@6 DC7;:6 FEDF?; 8COF?; +FG6@6 O; H F;BK> 8;@>?>J DC
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
A>EH > :6 96 C7;@;<> E6=B>A F?HDC8>A6 A6B>I;FG6K>O6A6 A6EM;8>A6 A>E6 > ?CBK;E G>A6 *;?6 A>E DE;8@6:6 B6 %;AP> 76E O;:6B :6B A>E6 >
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
+FBC86B6 %;AHBF?6
+FBC86B /;JBC @CM?C A;G6@HEM?> I6?H@G;G H ;C9E6:H 0 ;C9E6:H O; FG68 P;B6 H DC9CB DE86 O68B6 ;@;? GE>LB6 K;BGE6@6 H .E7>O> .EDF?> 8CO8C:6 .GCO6B 6B?C8>R 8CN6 HF?C?6 H -68B>A 'CG6E>A6 H F;8;EBCO "6@A6K>O> DC9>BHC O; H B6 D6:H B6 /HE?; H "H8BH %6EC7 P;B O; H 7CE7> F /HEK>A6 > C:8;:;B H 36E>9E6: C:6?@; F; DCF@; A;F;K> >= 768>C 7;?FG8CA MGC O; CD; 86BC H FEDF?CO B6EC:BCO D;FA> -CDFG8C 6B?C8>R .GCO6B6 6 CG;C O; .>Q C: /HE6?6 %6 DC:8>9; H 7CE76A6 DECG>8 /HE6?6 A@;G6L?; 8@6FG> C:@> ?C86@; FH 96 G>GH@CA ?686 @>O;E6 > :6@; AH 8;@>?C >A6Q; H 'CG6E>A6 *6 :6B6MQ> :6B 9C:>B; HAEC O; FEDF?> ?E6P .G;I6B ,E8C8;BL6B>
:EH9> F>B 8;@>?C9 <HD6B6 .G;I6B6 *;A6Q; CFB>86L6 :>B6FG>O; *;A6Q6 O; DE; B;9C MGC F; =6ACB6M>C 9C:>B; DE;FGC HFGHD>C Q;AH 6 B; B6OFG6E>O;A F>BH H?6BH B6O8;EC86GB>O; =7C9 GC96 MGC O; .G;I6B 7>C =;G 8>=6B G>OF?C9 K6E6 @;?F>O6 &&& BN;@6 /C?CA 8@6:68>B; .G; I6B6 ,E8C8;BL6BC9 .E7>O6 O; :C7>@6 > :E<68BH > KE?8;BH F6ACFG6@BCFG E6R6 FH F; DCGCA CMGEC FH?C7>@6 6@> >J O; >=A>E>C B6OA@6N> *;A6Q>B F>B ACB6J .686 D6 O; H?6B G6:6 DCFG6C B6A;FB>? H %;G>
!
#
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
*"(+"%
'! "+ $
"!"-
, '+ ,JC@JFG 0,7,; J 7CMFWNGF LMKAM>I M 8/5,;3
,JC@JFG 0,7,; J ,KGPICJO>MJF LMKAM>I ;MO>JF QFHI ,CTWF LMKAM>I :FHI M /J@CNOFSFWC M -JCMAFW> J> L> ICO>J J>TFJ M ,JC@JFG 0,7,; 7CMFWNGF LMK AM>I ,JC@JFG 0,7,; :FHI ,JC@JFG 0,7,; ;FGHPN MPNGKA QFHI> >356;43 6,:,<87
9 J>UCI >O>MP
A=6,03);4, 4:,*3@, J :,0827,5@3 J ;FGHPN MPNGKA QFHI> M :FHI 9,;=* ; 9:8)86 J :FHI ,JC@JFG 0,7,; /J@CNOFSFWC -JCMAFW> J> L>IC O>J J>TFJ ;1536, = 98?801 J ,JC@JFG 0,7,; >356;43 6,:,<87
,JC@JFG 0,7,; J ;MO>JF QFH IK@F M ;, 78.3? 32.8:, J (HF )M>JGK )PHC@>M M :FHI ;848-,+, 21517, 8,2, J :FHI :FHI ,JC@JFG
0,7,; :FHI M ,JC@JFG 0,7,; *FJK F @FJKAM> B>MNO@K M :FHI M
'&"!"- $ ,JC@JFG 0,7,; J ,KGPICJO>MJF LMKAM>I 7CMFWNGF LMK AM>I M ;MO>JF QFHI ,CTWF LMKAM>I :FHI ;1536, =
98?801 J 4?M>EK@JF LMK AM>I (IQFOC>O>M ,JC@JFG 0,7,; 7CMFWNGF LMK AM>I ,JC@JFG 0,7,; :FHI ,JC@JFG 0,7,; :FHI
*"(+"% ) !'
,JC@JFG 0,7,; J ,KGPICJO>MJF LMKAM>I :,0827,5@3 J ;MO>JF QFHI ,CTWF LMKAM>I :FHI 9 J>UCI >O>MP M ,JC@JFG 0,7,; 7CMFWNGF LMK AM>I ,JC@JFG 0,7,; )PHC@>M *FJK F @FJKAM> B>MNO@K ,JC@JFG 0,7,; :FHI
'$+' )
)"!
+') $
)
,JC@JFG 0,7,; J ,KGPICJO>MJF LMKAM>I ;1536, = 98?801 J ;MO>JF QFHI ,CTWF LMKAM>I :FHI ;, 78.3? 32.8:, J ,JC@JFG ,(3(7 7CMFWNGF LMK AM>I
"+ )+ $ ,JC@JFG 0,7,; J 4?M>EK@JF LMK AM>I
(IQFOC>O>M M ;MO>JF QFHI ,CTWF LMKAM>I :FHI 2PEFTGF LMK AM>I M ,JC@JFG 0,7,; 7CMFWNGF LMK AM>I ,JC@JFG 0,7,;
,JC@JFG 0,7,; :FHI M ,JC@JFG 0,7,; :FHI M :FHI M ,JC@JFG 0,7,; >356;43 6,:,<87
)'# ) !
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
PEM>NOC KB JPHOKA BK TCO@MOKA F KB LCOKA BK KNIKA M>EMCB> 3>AM>VCJF M>BK@F ZC ?FOF BCLKJK@>JF P HCA>O 0PHOPMJKA SCJOM> 9 +>HCMFWF 0; #6F?JFS>" KO@KMCJ> WC FEHKD?> QKOKAM>QFW> 2FIC 4MHK@FZ PICOJFSC GKW> @CZ BPDC @MCIC DF@F F NO@>M> P (PNOM>HFWF 5KNO>@GP IKDCOC LKNCOFOF F K@C NCBIFSC 5KB LKGMK@FOCXNO@KI >I?>N>BC 7(, P 7M?FWF J> 8MAP NMLNGFR M>OJFG> KO@K MCJ> WC QKOK FEHKD?> #=-8'( 064.
(2-6/09 9 06(&-*9" 3> OMAP ZC BK KGOK?M> ?FOF FEHKDCJ> WC QKOKAM> QFW> LCWE>D> FE BMD>@> GKWC TFJC 7(, F ,FNOMFGO 0KHPI?FW> :84 45=- (-,=7<3' <>NO B> KO@KMC JK@P NCEKJP P MKG GHP?P #)>PJOF" FI>WP AKNOF FE +MTGC # " F # " GKWF P KG@FMP N@KWC WCNCYC ?>HG>J NGC OPMJCWC BKH>EC B> LKNCOC F J>U AM>B 0KJSCMO ZC KBMD>OF P LCO>G KB T>N 9E>E WC NHK?KB>J > KMA>JFE>OKMF J>LK IFYP B> NP BKJ>SFWC BK?MKBKUHC
7>B> J>N IKDCOC LM>OFOF F J> E@>JFTJKW :CWN?PG NOM>JFSF $$$ "# # F%POWP?G>J>HP " #% # ! # !" =>XFOC J>I LMCBHKAC NPACNOFWC IFU XCY> GMFOFGC F LKR@>HC
(:<. 4JBMEDI F 3CBJKGE HIDIKLF' & ;.=0, ;, .,6,
) '* $
!
" &" $ "
" ! $, % + &$ % & ! ! . % ! ! , "/ !
%' "&'
(
" ! ' + %" ! $" /' ' / ! * 1 " + &$ % &" ! ! #" ! ! , $ "
+ !%"+ !# *!1+ ! "
(/ " $"-
#$ . & /
#$ %'%& '.' #" !'
(*( #/
! " $ %& !
(
% # ")!1 !
"
!
(/
( # #, * -'-$ (1#' # -'-$
'$ +#'
% #&
%
# !/ %
! ' + %" ! & $" $" /' ' $ / ' #"% & 1 " 0 " ' +!' '1'
+-)*-
$
! $, % % ! , "/ ! #$ / !
$
'
*'
!# %"& !1
) )*( !
.%
"#&' -
& . &' ! ) " ! " "! % % ! /" ". " 1 , & ' .+ !" %$*' & -! + +,* ' ! ' # , ,$ #'
$
#$"
% (,
" &' % 1 "& #"%& . &
(1# & &
.!1
&$!(" "!1 &' #& !1
! "%& . ,
)
(1# ' 1&#%#1#
% "
&
"/ ! !
# % 1 0 ,&" % "%& 1 ' +!"%&
" ! ' % & ! " " $" /' ' $ / ' . " &$" " ,0 #" ! ! ,". $ ".
# #1 (, / * '$( # * , #%#)
" * + +,*
! '
$'
)(0,( 3 & # 2- 24 *$ ' ! ' +#' %( ( ' -'-$ % ' # % ' # +' .
4 3
&.& !1
# ") % (! 0! %!1!. !1
(1# & 1$
" % $&
+ &- )$ "& !1
(1# ' 1&#%#1#
'+ % " " #$ & ! ". ! . " %. ! & ". "% )" " % $ & %' '& )' ! 1 ' '%#" ! '+ % " ! "+ '. " & ". "! & ("! ' %&" & #"/' " % ' ' !"1 % " ! '+ .", ' & + " ! % $& ,
"!
1 0
+ %" ! & $" $" /' ' $ / ' . " " ,0 #" ! ! ,". $ ".
!" " !
!
&" " #"%& .'
- #/ , , (* '
'
%!
" !
%
&$!( & !% 0# ' 1&#%#1#
$!# )
$ & !%
)(0,( 3 & # 2- 2#% ' #% ' #* # (* ' + )(*( #/ &
*
"
!
#
7,58,2('6
!6)' 1/*' #6(/?, 9 :9+('19
"$&
"$& #
!"
#
$ 7976,89 041' #14*' 3>/?' ' 86478690/ 786,1'; 21'+/ :9+('1,6 #14*, 46'3 '69=/A #14*' 769=/1' 3,9*4+39 86'+/;/?9 / 043'<34 54(,+/1' #6,2;, 9 56)41/*'=04? 043096,3;/?/ ,1/ 478'1/ 3' +,4(/ 56)4* 2,78' 3' 8'(,1/ 7' 042=/?'2' /. 9<'3' / %'<0' )4* )/0,3+' 3,+,@' < ,-'3/?' #14*' &8 <0I?54=2<8I8 >?0A8=E8 718 20K0 B 9?0J520F9=; >?2=:830GB 8 BA09;8E0 <0 ?04@9=; @A048=<B @5 <5 @5L0IB 9040 I5 <0 I54<=I >?2=:8 30G9=I BA09;8E8 9=4 *>=;5< >0?90 28H5<= G5@A 3=:=20 %=640 *:=30 8 "<H8I0 <8@B =483?0:8 ;5F 70 @:04= 9B@E5 0:8 09= @5 CB410: 83?0 8 3:540 71=3 3=:=20 =<40 =<8D D8J04B CB410:=C8:0 <8I5 7060:8:= GA= I5 @B1=AB >=>=4<5 >?=25:= <0 @A0 48=<B *:=30 I5 <0@A028:0 1:8@A02B @5?8IB B>8@0:0 F5A2?AB >?25< @A25<B >=154B A?5LB B70@A=><B 8 =@A0:0 I5 <0 45=18 A?=<0 @0 9=; G8I0;0 87 $BF0<0 8 .0F90 "<H8IE8 9=I8 A?048E8=<0:<= <5 :565 #?0J52F0<8;0 25=;0 4=1?= @B >=F5:8 ;5F 83?0:8 1?7= A5F<= @0 I098; >?5@8<3=; 8 *:=38<8 CB4 10:5?8 @5 <8@B @<0G:8 ">09 3=@A8 AB A5?5<@9B <04;=L <8@B 7<0:8 40 9?B<8GB B <598; >?8:890;0 0 *:=30 I5 87 >?25 4=G:0 B 2=H@A2= "3?0= @5 ;8<BA 872545< I5 @:= 1=40< B40?0E 8@9=@0 @0 45@<5 @A?0<5 %0?BG8L I5 @9=F8= <0I28G5 9?5@<B= :=>AB 3:02=; 0 =<0 >?5 20?8:0 <5@83B?<= 8 40<0@ 25=;0 @:01=3 *A0<82B9=28L0 8 8@>=4 >?5 F95 702?G8:0 B ;?568 75:5<= 15:8D *:545L5 B71BH5K5 2845:8 @;= B ;8<BAB 9040 I5 $590<8L 87 873:54<5 >=78E8I5 GBA8?0= >?59= 3=:0 B7 B740D5 4=;0L8D <028I0F0 , ;8<BAB <525?=20A<0 3?5G90 =4 1?0<5 3=@A8IB ?0A0? *A0<82B9=28L <8I5 <0 2?5;5 9?5<B= <0 I54<B 4B 18<@9B :=>AB @25 I5 >?0A8= @B>5? 1?78 <A=<8I528L 8 3:02=; 4B>:8 ?0= >?54<=@A 15:8D '4BG52J5K5
2?G8:0 B ;0:=I ;?5 68E8 +040 @B ;<=38 >=;8@:8:8 40 I5 >?8F8 9?0I 0:8 <8I5 18:= A09= &0I038: <8I8 CB410:5? B ?5 4=28;0 3=@A8IB %8:BA8<=28L >=15 30= I5 B ;8<BAB >= 45@<=I @A?0<8 0 %8:=20<=28L <5 @>?5A<= 8 <5>= A?51<= @A?0A=20= @9?828= I540<05@A5 ?0E 9=I8 I5 )5@0<= 28L ?BA8<@98 >?5A2=?8= B 3=: !0 83?0:8 @B 3=@A8 <0 @25 8:8 <8GA0 , 46'3 '69=/A 3,.'978')@/) 83?B I5 BG0= 8 28 <028I0F0 *:=35 @5 I=G <8I5 <8 @A8 @=98 $5;0I8L 0:8 /5I8L 8 =41?0<0 G0:= 0 =15J8L I5 @25 @0; B?048= 4=;0L8D @B 18:8 2?:= @83B?<8 " @0 <598D ;5A0?0 @A?0D=28A= GB =<40 <0I:5>G8 45A0J ;5F0 "3?0= @5 A8?0= 2?0A0? 3=@A8IB I5 25L 18= @0 ;8<BAB <0B;=?<8 8 <5BD20A 2:040< 0:8 I5 >?5F90 @>?5F8:0 3=: J828 %0?BG8L >?8D20A8= I5 I54<B , 4?B3=; >=:B2?5;5<B @A?0A53 :=>AB 9?5<B= @0; >?5;0 3=:B 3=@A8IB !=?0< =2540?8E0 I5 =4;0D "<H8I5 8 @0 <598D A?845@5A09 ;5 872?G8= 425 87;5<5 8 A= I5 ;0:= >= A0?0 ?0@>0:8= 90= 87 A=>0 0 1B10 9?5<B:= "<H8IE5 (=@:5 @9?0L5<=3 ;0?0 @5 70?8:0 B ?0GJ0;0 3=:0 9=?<5?0 @0 45@<5 @A?0<5 8 =4:8F<=3 <5;=L<=3 2?0A0?0 3=@A8IB 9=I8 I5 E5<A0?GBA0 90>8A5< *:=35 =15 >0?04=; @0;= B:5>G0= A?5<BA09 J8L <5@>?5A<= ?503BI5 3:02=; 8 2?=3=: 71=3 9=I53 >B1:890 8 4=:078 :=>AB G0J5 870 :5H0 @2=3 3=:;0<0 <0 @A048=<5 = 9?0I0 ;5F0 28G5 /5I8L0 .8<8:= @5 40 A59 @:545 <8I5 18:= B71BH5K0 0 <028I0F8 A5G98 ;8<BA8 70 4=;0L5 0:8 C0<A0 *:=35 @B 7<0:8 40 >?=@:025 A?8IB;C @A8F<8 !=?0< %0?BG8L B ;8 9=I8 8D =@A02J0 <0 45=18 A?=<0 <BAB 2?0L0 @A20?8 <0 @2=I5 (?25 :835 *?18I5 "@9=?8@A8= I5 I54<B >=9:=< :=>AB 98>0 I5 9=;>:5A<= =483 BG0= B G5@<05@A5?0E @:01= GBA8 ?0:0 =4:8F0< ;5F 0 @0; >=<=2= 8@ ?0= 0:8 :=>A0 I5 =4@9=F8:0 8@>?54 9=F8= B >?28 >:0< GA= <5 7<0F8 40 ?B9B 2?0A0?0 *A0<82B9=28L0 8 70 B <59=; <0?54<=; ;5FB A= <5L5 18A8
<59= 4?B38 =18= @0; =3?=;<= @0 ;=>=B740K5 !0D20:<=@A 4B3BI5; A?5<5?B =2540<B 9=I8 ;8 I5 >?B68= G0<@B 157?575?2<B >=4?G9B D?01 ?8= ;5 8 ?57B:A0A @2530 @5 2848 ";0= @0; 8 ?0<8I5 =20925 >5?8=45 A040 <8@0; 7<0= @0 A8; 40 @5 <=@8; @040 @0; ;0:= @A0?8I8 7?5:8I8 8 25 ?BI5; 40 LB B7 >=4?G9B @083?0F0 /&)256 #/2(& 24&8 #/2(& ! *6&/&8 *)-156'2 376*'$-02. 2/-1& !42/*6*4 *+&1-<& #0*)*4*'2 $*/*236-. 1;-<& # #-1;*/-= "&)1-. >?5 @2530 <0I8@9B@<8I8D =@A0A8 <0 >?02=; >BAB 709JBFBI5 42=@A?B98 B70@A=><8 83?0F 9=:0 8 <0I1=J8 @A?5:0E :835 24&1 &47:-= #?0J520F98 15:8 B ?54=2<=; 9=:B <545J0 F 3=@ABIB <0 &=2=; 5=3?04B 598>8 560<8I5 9= <0@A025 @0 =20928; 83?0;0 :5>5 25@A8 L5 @A8L8 8 @0 @A048=<0 9=4 560<8I@95 E?925 #
4&)5.- 56&)-21 :540:0E0 #7)-<& =20< ?B8I8L &8G !202=1* 57)-<* 5<8@ -5?F59 :59@8<0E 8 ':825? (5A ?=28L &8G #64*/8- %0?BG8L B 8 ;8<BAB 8 <A= <8I528L B ;8<BAB 70 *:=3B =15 J8L 0BA=3=: B 8 )5@0<=28L 87 I540<05@A5?E0 B ;8<BAB 70 "<H8IB 76.&4621- $590 <8L 8 %0?BG8L *:=30 =28L +=;0<=28L #= @A8L "<H8I0 # /5I8L =15 J8L %8:= 20<=28L %8:5A8L )0 4=@02J528L =4 ;8<BA0 B:8L ?0G 9=28L $590<8L =4 ;8<BA0 %:045<=28L <A=<8I528L %0?BG8L )0 4=28L *A0<9=28L =4 ;8<BA0 )=2F0<8< *A0<82B9=28L %8:BA8<=28L *A0<9=28L =4 ;8<BA0 B:8L =28L 5@0?5 28L +=;0<=28L #=@A8L 0?30 =4 ;8<BA0 $5;0I8L )5@0<= 28L (5I8L %8:09=28L =4 ;8<BA0 %0?I0<=28L "3?0F BA09;8E5 !=?0< %0?B G8L *:=30 &-:*'-=
&,73',78/3' :/3'1' 95' #6(/?, 9 :9+('19
#
4&)5.- 56&)-21 :540:0E0 #7)-<& &8<=@:02 *>0@8L *B?4B:8E0 !202=1-8- 0:81=? B?H528L 0?9= )0@8<0E =10 #?BG520E #64*/8#0:BH5?= 28L B =15J8L B ;8<BAB #64*/8- -, 3*1&/& =15J8L #=@=28L B:8L 09B:0 1?0<8 ?0K5G %8:5A8L +B;10@528L >=?54 3=:0 %0?BG8L 09B:0 1?0<8 /9B:5A8L *A0<9=28L 09B:0 1?0<8 76- .&4621- /5I8L )04=@02 J528L )=2F0<8< *A0<9=28L *:=30 ?0K5G B:8L528L /9B:5A8L =I2=48<0 # /5I8L =15J8L %8 :=20<=28L %8:5A8L )04=@02J5 28L ?0G9=28L $590<8L =4 ;8<BA0 )=2F0<8< <A=<8I528L %0?BG8L <H5:9=28L =4 ;8<BA0 *A0<9=28L )04=28L =4 ;8<BA0 B:8L 5:0F =4 09B:0 )04=I0 =4 ;8<BA0 +B; 10@528L $59=28L :82=48L #=@=28L ?0K5G (=:5A0<=28L B9=28L B:8L528L B?8L #0:BH5?=28L =4 ;8<BA0 /9B:5 A8L (4&9 76&.0-8* %0?9= =15J8L *:=30 , >?5482<=I 0A;=@C5?8 @9=?= >B<8D A?818<0 ?04@9=3 @A048=<0
=I2=48<0 ;8?<=; =?30<87=20<=; 8 @A?>J82=; 83?=; FB20:0 @A5F5<B >?54<=@A .8<8:= @5 40 L5 3=@A8 87 &=2=3 *040 ?BA8< @98 4=18A8 BA09 ;8EB 0:8 B 4?B3=; >=:B2?5;5<B 28 45:8 @;= @0@28; 4?B30F8IB @:89B <0 A5?5<B *:=38<8 83?0F8 @B 7083?0:8 <0 <0I28G5; ;=3B L5; <82=B =<09= $5'28/1/ *' 4)47'>'3/ '604 4(,@/A 909= A= F8<5 B >= @:54K8; >?25< 0'5/8,3 #14*, @ A 2 5 < 8 ; *:=30 8 =I2=48<0 @B =483?0:8 >?028 A09;8F0?@98 ;5F >=483:8 >B1:89B <0 BA09;8E0;0 >0 I5 25L B ;8<BAB = 15J8L <0A5?0= 5:0F0 40 87 420 >BA0 <=35 9=I0 I5 >=@:5 4?0;0A8F<8D >5 B9?=A8 K53=2 GBA B I5 %0?BG8L <0:0 09A5?5 BA09;8E5 8@>?0A8:0 4B 3=A?0I<8; 0>:0B7=; &=2=@0H0<8 @B 8;0= 78E5? 0:8 I5 K53=2 GBA =A8G0= A89 >=?54 45@<5 @A0A825 3=:0 &=2=@0 18:8 0>@=:BA<= 1=J8 B >?2=; >=:B 2?5;5<B , ;8<BAB I5 ?0K5G 8;0= H0<0 '20 420 45A0J0 90= 8 F8K5<8E0 40 3=@A8 <8@B ;=3:8 40 >?5HB E5<A0? 4=1?B >?8:89B 0:8 I5 K53=2 GBA 87 1:=98?0< 0 420 ;8<BA0 90@<8I5 >=@:5 A5?5<0 >=A>B<= @B B9JBF8:8 >B1:89B 1?7= 872545<=3 9=?<5?0 8 =4:8F<=3 9=I0 I5 =4 A=3 A?5<BA90 >=@A0:0 *:=38< 83?0F &0>048 4=;0L8<0 @B @5 ?5 E5<A0?GBA0 #=@=28L0 #0:BH5?=28L @5 H0:8 B A0:0@8;0 8 18:= I5 @0;= >8A0K5 >=9:=<8= <0 4?B3=I @A0A828 8 4=<5= $0:0;0 2=H@A2= = 9?0I0 >?2=3 45:0 9040 L5 @A8L8 87I54<0F5K5 0 =<= I5 ;8<BAB (=@:5 =4:8F 83?5 4=;0L8< <8I5 B@>5= 40 <0H5 B@:548:= B <0F8< 40 >?8>?5A8 5:0FB 4=9 I5 <=3 >?=4=?0 )04=28L0 :=>A0 I5 >?=G5 A0:0 9?=7 G5@<05@A5?0E 3=@A8IB 4= K5
I5 @A830= <5B;=?<8 90>8A5< %0?9= = 15J8L 8 @;5@A8= I5 870 :5H0 <5;=L<=3 2?0A0?0 =I2=48<5 +092B 5?B>E8IB =4BG52J5K0 ?04@98 @A048=< F590 I=G =4 402<8D @540;45@5A8D 3=48<0 >?=G:=3 2590 *:=30 I5 @0;= 420 ;8 <BA0 90@<8I5 8;0:0 >?8:89B 40 >=2545 <H5:9=28L @5 <0G0= B @I0I<=I @8AB0 E8I8 =4:8F<= GBA8?0= 0:8 I5 5:0F 8720<?54<=; >0?04=; 70@:B68= 0>:0B75 <0 =A2=?5<=I @E5<8 = 9?0I0 ;5F0 &=2=@0H0<8 @B 8;0:8 @0;= I54<B >?02B >?8:89B B 9=I=I @5 <0G0= /9B :5A8L 0:8 I5 K53=2 GBA =A8G0= >=?54 " $ "% % # % (?5 >=F5A90 4B5:0 *:=35 8 =I2=48<5 B>?8:8F5<0 I5 ;0:0 @25F0<=@A B 9=I=I I5 <03?0H5< 4B3= 3=48GK8 4=9A=? <=2=@04@9=3 @B >5?:830G0 =?9= B9=@02 70 >:=4=<=@<B @0?04KB 8 >=;=L 9=IB I5 >?B68= 9?0J520F98; @>=?A8@A8;0 5;B I5 >=9:=<5 >?540= 182G8 1=9 @5?@98 0@ 9?0J520F9=3 %5A0:E0 *:029= G0<8< 3=:0 25L @02:040<=3 /5I8L0 *:=30 I5 <0 4?B3=I @A?0<8 >=9BG020:0 B40? E8;0 87 40J8<5 0:8 I5 5:0F 18= 2?:= @83B?0< <0 @2=I8; 2?0A8;0 , <04= 9<048 2?5;5<0 ?53B:0?<=3 A=90 ;5F0 A?5<5? 3=@A8IB %0?9= &89=:8L 70;5 <8= I5 3=:;0<0 5:0F0 8 B 83?B B25= 8@9B@<=3 09B:B 0 A= I5 18= 45A0J
9=I8 I5 =4:BF8= 9= <0@A02J0 >BA B =@ ;8<B C8<0:0 $02 9B>0 *?18I5 "09= <5703?5I0< 09B:0 I5 :09= B9?=A8= B40?E5 B:8L0 %0?BG8L0 8 *A0<9= 28L0 8 A09= =;=3BL8= @2=; A8;B 40 <0 @A028 A09;8F5K5 B #B>B B 9=;5 @B >?=G:5 3=48<5 83?0:8 B C8<0:B -B4 10:5?8 *:=35 B>?9=@ 5:8;8<0E8I8 @0 A5?5<0 @B 8@>?0L5<8 >?028; =20 E8I0;0 'A2=?8:8 @;= @I0I<= BA09;8EB 4=;8<8?0:8 B >?28D ;8<BA0 8 <5 7<0; GA0 I5 ?07:=3 GA= I5 598>0 >= A>B<= >=@B@A0:0 B <0@A029B 8:= I5 AB 8 <548@E8>:8<5 B 83?8 4=G:= 8 4= >=2?540 >=I548<8D 83?0F0 *:=30 I5 >=A>B<= 4=;8<8?0:0 B 4?B3=; >=:B 2?5;5<B A09= 40 @B <0 9?0IB >5<0:8 =4:BF8:8 0 <0;0 I5 09B:0 =;=3BL8= >:0@;0< B <0?54<B ?B<4B ?590= I5 >=@:5 BA09;8E5 &4.2 -.2/-= A?5 <5? =I2=48<5 .5@A8A0; ;=I8; 83?0F8;0 70 D20JBI5; @5 >B1:8E8 9=I0 I5 18:0 C0< A0@A8F<0 8 B =2092=; 0;18I5<AB *:=30 L5 B259 83?0A8 <0 >=154B 157 =178?0 9= I=I I5 ?820: '@A0I5 60: GA= <8@;= >?=G:8 40J5 I5? @;= B 4?B3=; >=:B 2?5;5<B 8;0:8 @25 B @2=I8; <=30;0 0:8 <0 9?0IB 3=@A8 @B 18:8 8@9B@<8I8 @?5L<8I8 8 70@:B65<= 84B 40J5 <0 3:0@8= I5 >=@:5 ;5F0 5J9= =2540< A?5<5? *:=35 &-:*'-=
4*25*/&%3 #
#
$
!
!
$
3%=*'1 1) :*5'35-% )1 46&15* )1/%?,0 21<*),0%:01( 4*0,134-1( 3'*045'% 3&,<* 6 &1-46 -1<* ?* 1-62,5, 1-1 451 5%-/,:%3% , &,?* <*)01 1) 0%</%41'0,<,8 6 214.*)>,8 )*4*5%- (1),0% ,.1; %.5,? , 5*7%0 %3%@,? 6+)%0,9* -3%=*'%:-1( *5%.9% %<,05*3*4%050,<, /*:*', %.5,? %:,? , 3%0,4.%' 5%0-1',? 121',?
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
7+<= 7+;<=9+ ;+ ;90@3D+5786 50 4+:;486 /82-8586 32=20<78 4-+ 53<0<+7 ,8:+@ 48D3 G0 <8 ;3.=:+7 ;+6 98<-:/3<3 3 7+ 8-86 9:-07 ;<-= 2+4E=A=D0 $&$6 %<0>+7 +:+H3G D0 D0/+7 32 950D+/0 65+/3? 4:+E0-+A43? ,84 ;0:+ 48D3 D0 <04 2+.+238 = 9=7850< ;<-8 8 ;+/+ D0 4+8 D=738: 8/:+/38 60A+ 3 8;<-+:38 98,0/0 7+/+ ;0 /+ G0 732 7+;<+ -3<3 3 = ;0738:;48D 4874=:07 @3D3 +4;36+578 82,3E78 ;68 :+ /353 @058 50<8 :35 <:070:+ 353G+ D0 9827+< ;-0 ;0 :+/3 /8 <+7A37+ 3 ;-+43 /0<+E = :37.= 3
,.1; %.5,? , ,1)3%( ,.,? 423*/0, +% 01'6 5,56.6
7+D,8E0 ,84;0:0 D0: 8-+4-3? <+4 ;0 -853 ,84; + /=.8 73D0 ,358 63A0F+ /=.8 73D0 ,358 = /-8:+73 8-+48 27+A+D73? /8.+C+D+ <+48 /+ 7+ ,+:;486 40D= !+D-3B0 9+1F0 8A04=D06 3 /8,:= 98;0<= 7+.5+ $&$6 <:070: 9:3-5+A0 /=053 :+E0-A+737+ B+-+ $)!* 358B+ +5<3G+ 3 +F0 +A3G+ 7+B0 ,84;0:;40 :09:0207<+@3D0 3 /84 G0 = 4+<0.8:3D3 /8 4358 <:070: ,84;0:+ 4:+E0-+A48. 0 .:+6+ /3:04<+7 /=05 -+7+ #898 <+5@+ -3G+ 3 :+7363:+ %<+748-3G+ ' 32=20<78D 4874=:07@3D3 -0 /+<3 8/.8-8: 7+ 93<+F0 48 G0 7+; 5340 +6,3@3D0 36+D= 3 <+463A+:3 = 8-8D 4+<0.8:3D3 9:0/;<+-E+<3 7+ 4:+E0-+A48. 0<+5@+ ;-0<;486 9:-07;<-= &+48C0 358B +5<3G -0G ;9+/+ = :0/ 9:-07;<-8 = :+E0-= D0 9:-8 7+D,8E3? 3 7+D<+507<8-+73D3? 98;50 "53693D+/0 = %0=5= ,84;0:+ = %:,3D3 /-8;<:=43 D0 7+ 4860 G0 ,84;0:3 7+;<=93<3 ,02 B+6387 3 -0:=D06 /+ G0 9878-8 2+B<3<73? 4+@3.+ 8;-8D3<3 <3<=5= 3 <8 9:0/ ;-8D36 "A04=D06 D+48 /8,:8 <+4 7+-3D+A36+ +48 = ;-8D8D 4+<0.8 63A0F0 3G0 -05343 ,:8D <+4 :3D3 706+ 9:+-8. <+46+@+ 8/ 63A+:+ B<8 :+/=D0 + 98;0,+7 5=A353 ;68 /+ ,84;=D0 = +4@07+< D0 7+ :09:0207<+<3-@36+ 4358.:+6+ 3 /=05 ;+ +F86 +A3 48D3 -:58 7+98:78 <:073:+D= -0G G06 ,3G0 9:+-3 B5+.0: %<0>+7 70485348 /+7+ = :+E0-= :+.8 +:+H3G D0 /-8;<:=43 D=738:;43 63 D0 /+ G0 ;0 /:1+-73 B+69387+< 9:-+4 /:1+-0 7+ 8-86 B+6938 8/:1+<3 = 686 .:+/= ' :+E0-= $%8,45, -3%=*'%:-* .1(* 0,46 642*., )% ,+&13* 21'3%5%- 6 *.,56
*+?8-;4+ #:-+ 53.+ @07< :+570 %:,3D0 2+-:B07+ D0 9:0<?8/ 78. -3407/+ = :+.=D0-@= <:3D=6>86 04390 053@+ 32 8 :+A3G+ &36 2+ 48.+ =;90B78 7+ ;<=9+ 3 :+E0-A+737 8-+7 &8/8:8-3G 73D0 36+8 434;+ 7+ 8-86 9:-07;<-= 3 2+ ,8/ D0 8;-8D38 <:87 3;9:0/ B+?3;<+ 4:+E0-+A40 %58.0 #8:+2 :+E0-A+7+ = 485= 8/ #+:+G37+ D0/373 7+ 9:-07;<-= ,38 D0 48,+7 3 87068.=G38 D0 /+ ;0 %58.+ 98;50 <:3 .8/370 -:+<3 = 053<= !+ 4:+D= 053@+ 32 8:+A3G+ D0 8;-8D35+ 9:-8 60;<8 ;+ ,8/8-+ 3 9807+ /84 D0 %58.+ ,35+ /:=.+ ;+ ,8/8-+ 3 9807+ /84 D0 #810.+ ,35+ <:0G+ ;+ ,8/+ 3 9807+ + %58.= ;= 8-0 ;02870 7+;<=9+53 <=:;43 -050
"
*5%= 4% /*:% 214.*)>*( -1.% ;%8,45% .1(*
6+D;<8: %=+< <+534 7+ 9:-8D <+,53 2+<36 ,:+G+ !3485+ 3 +2+: !0;<8:8-3G -+7 +:3748-3G
504;+7/+: %36878-3G 3 %<+748-3G
358B
-+7 F0.+ D0 ,3<+7 !+;<=9+6 = ;-86 .:+/= 9:0/ ;-8D36 7+ -3D+A36+ 3 =-0:07 ;+6 /+ 68.= /8 <3<=50 + <360 ,3? ;4:07=8 9+1F= 7+ ;0,0 3 2+ /:0; ;+ /:1+-736 .:,86 ;+68=-0:78 .8-8:3 ," . ( * 7$6 ,84;0: 4:+E0-+A 48. 0<+5@+ #8D0/37+A78 ;0738:;48 9:-07 ;<-8 %:,3D0 98A 58 D0 = A0<-:<+4 A0<-:<>37+5736 ,8:,+6+ = 90<+4 ;= 7+ 9:8.:+6= 985=>37+5+ 8/ A+;8-+ /84 ;= >37+570 ,8:,0 9:0/-3C070 8/ A+;8-+ 86 950<78 <+463A0F0 G0 ;0 8/-3D+<3 = (+53 ;98:<8-+ + =5+2 D0 ,0;95+ <+7 $1" $6
1;%3-% 068:3D+573 48B+:4+B43 <=:73: &863;5+- 3.3 7/:3G 8/:1+7 D0 9:0<?8/78. -3407/+ = 4:+E0-+A48D (+53 ;98:<8-+ + 2+-:B07 D0 <:3D=6>86 %58.0 :+E0-+A43 9:-853.+B D0 9:-8. /+7+ 98,0/38 0439= 'BG+ :0 2=5<+<86 + = >37+5= ,38 ,8E3 8/ ,:+ 32 $81+D+ :02=5 <+<86 ,+: D0 /8 >37+5+
;<3.+8 98,0/86 7+/ #850<86 32 $+<370 :02=5<+<86 + = ,8:,3 2+ <:0G0 60 ;<8 7+ <=: 73:= 'BG0 D0 <+48C0 ,358 ,8E0 8/ #850<+ :02=5<+<86 &=:73: D0 3 8-0 .8/370 =; 90B78 8:.+7328-+8 $+B48 48 ;8-;48 60<8?3D;43 48B+:4+B3 ;+-02 ;+ ;0/3B<06 = :+E0-=
5.*5,-%
# :+.=D0-+@ D0 9:0<?8/78. -3 407/+ ,38 /86+G37 9:-07;<-+ %:,3D0 2+ 65+C0 93873:0 = +<50 <3@3 ' D+48D 4874=:07@3D3 7+ ;<=9358 D0 3 A0<-8:8 <+463A+:+ :+E0-8 + 60/+E= D0 8 ; -8D35+ :37+ 3?+D58-3G 48D+
#
D0 = ;484= = -3; ,35+ /:=.+ "-8. -3407/+ = %:06;48D 3<:8-3@3 D0 >37+50 =9+ 2+ 65+C0 D=738:0 + :+E0-8 G0 9:0/;<+-E+<3 <:3 <+463A+:+ 3 D0/7+ B<+>0<+
6(.%>*
#:0<?8/78. -3407/+ 8/3. :+78 D0 :0/8-78 4858 #:-0 53.0 %:,3D0 .:=9+ )07<+: 2+ 4=.5+B0 ' /0:,3D= 485+ ,+: D0 = :+E0-= 98,0/38 <36 +4:+ 32 8:+ :02=5<+<86 8,8:07 A=F ' <:0G8D -02+78D 98 ,0/3 ,:+ ,53;<+8 D0 *%) )0) $6 + 8,8:0736 A=F06 + = 8-86 ;=;:0<= ;= D8B 7+;<=9353 )* )1,$($6 + *"!* $%)&$6 + &"%+ (! * #$6 + $ %)& )0) $6 + )* ( *+,$6 + $ "( ! -1$6 + ) )*"($/ 0-5" 439+ :+E0-+ D0 = 08 .:+/= 32.=,35+ 8/ %60/0:0-+ :02=5<+<86 8,8:07+ A=F+ ' 98:+10786 ;+;<+-= 7+D-3B0 D0 984+2+8 $*)+&
!
$'"-() $6 + ) )*"($/ 0-5" + 7+ 4=.5+73 7+ /3 )3.+753D3 D8B ;= 7+;<=9353 *3 ( "(,$ (+%$ + $&) ( $&) () $6 + )*2" ",*) $6 + "4%) )*) $6 + $!) + $'"-() $6 + $ *"! * )1,$($6 + ) )*"($/ 0-5" #8,0/86 = /0:,3D= 485+ ,+: 32 :+E0-+ ;0 =;+638 7+ A05= <+,050 ;+ 6+4;36+573? B0;< ,8/8-+ /84 D0 :+E0-8 8;68 7+ <+,053 ;+ /-+ ,8/+ ' 7+:0/786 485= :+E0-8 /8A0 4=D0 %848 *<+:4 -+5+ /= ;=,8<+ A+;8-+ /84 ,+: .8 ;<=D0 04393 %60/0:0-+ 70/0E+ A+;8-+ 08.:+/ 4=.5+7+ 7+ /3 )3.+753D3
3)14).%$2
!
"
&2;?> C7I;?5 5?BC?42M2 : @? 3767 D $2BGD D ?;4:AD ;?<2 ';AD8>7 <:57 ?6>?B>? 926A82 >?5 ?A7?<2 >7@?376:4?BC: ED632 <7A: ):3>:G7 :9 ?4G2 6?H7;2<: BD D AD>6: >2K3<:875 @A2C:?G2 7;:@D A2N7 D;?4:N :9 $2J742G2 :>2H7 @A4?5 E24?A:C2 @A47>BC42 92 @<2B=2> D !?>D %?A242 "@2; ?4H2>: BD @?>?4? >26=2 I:<: B737 ?6:5A2<: K76>D I2 F?4B;D @2AC:KD >2 ED632<B;?= C7A7>D 6?B<76>? @A2C:<: :> BCAD;G:K7 BCA2C752 ?A2>2 *247 L:N2 : 92B<D87>? B24<262<: 47<:;?5 A:42<2 B2 .:C I2= @:?>2C2 : K76:>: C:= B2 B4:= @? 3762=2 ?6 B2=?5 BC2AC2 >:92? K7 >2@267 ;2 5?<D ;?K: 3A2>: <25?K7
0%)(/+8,+ 10*(2$& +'2$8+ + /$&+9$8+ +%/+7) C?5 HD42A2 =A787 $2J74H2>2 ;?KD K7 :B;?A:BC:? D<?4:N DBCA7=:?
!
% ! # *4'0.:6, $2 ?=3?M7A2 D ?4GD 0,+'0'8' "7+.;' ?K2> *24:N 2A HDK2; "64,0'8 ):BC:N D =:>DCD K762>27BC7A2G ):BC:N D =: >DCD DC: ;2AC?>: *247L:N (24<?4:N D<?4:N *C2>H:N ):3>:G2 /A47>: ;2AC?> 24A:<?4:N A2N2 D;?4:N ! % A3?4:N $D;?4:N # ?>H:N 12<:>:N *C2>H:N (24 <?4:N D;?=2>?4:N ):BC:N ?8?4:N 0D;2A:N +7A9:N (A?6?4:N D<?4:N *247L:N ! # 24A:<?4:N (7CA?4:N )2C;?4:N D3:B24L74:N )26?42>?4:N 29:;2<?4:N %2C?4:N 4?967>?4:N %:<?K74:N ADK:H:N 2AK2;C2A74:N *C742>?4:N 2B:L74:N DA?4:N *4'9 76'/1.8, %:<?A26 ):BC:N ):3>:G2
24A:<?4:N 2 ?>62 ;2? 5A?= :9 476A2 >732 47<:;2 5A7I;2 @?=7>D
B7 @A7=2 5?<D 2<: 52 K7 5?<=2> 5? BC:KD BADI:? B;A:4:? K762>27BC7
A2G : 92A26:? GA47>: ;2AC?> &2 5?< K7 BC2? A797A4>: :5A2H A2N7 D;?4:N )2C;?4:N 2 B:5DA2> A72 <:92C?A >2KBCA?87 ;29>7 92 ):3 >:GD 3:? K7 ):BC:N >2 :BC7;D =:>DC2 &:BD B7 5?BC: ?@?A24:<: ?6 @?H7C>?5 I?;2 :2;? @? :=7 >:=2 9>2C>? :B;DB>:K: @?6<75<: BD ;2A>742<B;?K 2C=?BE7A: ;?KD BD >2@A24:<: 6?=2N: >24:K2H: 2 :5A2H: ):3>:G7 BD C? ?B7C:<: : :9 K76>7 3A97 2;G:K7 @? <74?K BCA2>: D =:>DCD DB@7<: 62 6D@<:A2KD @A76>?BC >2;?> IC? K7 +7A9:N <7@? ;?=3:>?42? B2 D<? 4:N7= <?@C2 6?I<2 6? ):BC:N2 2
?42K ;2? :9 C?@2 IDC:A2? B2 ?;? =7C2A2 : @?5?6:? 6?M: <74: D52? 5?<2 B2BC242 :9 $2J742G2 'B<23 L7>: 5?BC: @?;DI2<: BD D 6AD5?= @?<D4A7=7>D 62 DH:>7 DC2;=:GD 92>:=L:4?= 2<: BD D62AG: *C7 42>?4:N2 DA?4:N2 : 2AK2;C2A7 4:N2 3:<: :BD4:I7 <2; @<7> 92 5?<=2>2 ):3>:G7 A3?4:N2 ;?K: K7 D B762= DC2;=:G2 @A:=:? B2=? K762> 5?< )79D<C2C: ;?<2 ';AD8>7 <:57 D6DN>?BC # A2>:C ?H #A2L74? .2K6D; )26>:H;: %2C2AD57 "32A )26>:; A6:G2 (?<7C ) (292A D>:?AB ?A2G $292G ):3>:G2 A2N2 D;?
4:N %?A242 % )79D<C2C: ;?<2 ';AD8>7 <:57 %?A242 % D6DN>?BC # ):3>:G2 A2N2 D;?4:N (?<7C ) (292A D>:?AB )26>:; A6:G2 %2C2AD57 "32A A2>:C ?H DH7 BD :5A2<: ?A2G $292G #A2 L74? .2K6D; )26>:H;: (2A?4: ;?<2 ';AD8>7 <:57 *D3?C2 D H2B?42 A6:G2 %2C2AD57 &767L2 D H2B?42 )26>:H;: A2>:C "32A #A2L74? .2K6D; (292A D>:?AB )26 >:; $292G (?<7C ) A2N2 D;? 4:N ?A2G %?A242 % ):3>:G2 74.:.=
!.(2.8' 4'=' 7/3).= 39 '-'4 72.345 4'<,)3 $';+7/ 4+.8' ('4 7+7=2356 !'+2./ 4'2.6 34')' '6'47*, '-'8 30,6 !'+2.9/. 34'8
"
! %:<?I ?A:B24L74:N A7@A7 97>C2C:42G //& %7C2<G2 :9 #A2L742 92D97? K7 ?6<:H>? @7C? =7BC? >2 3:G:;<:BC:H;?K CAG: &25A262 (A252 >2 ;AD8>?K BC29: 6D8:>7 ;:<?=7C2A2 , ;?>;DA7>G:K: 3:G:;<:BC2 :9 07I;7 *<?42H;7 %2J2AB;7
?42> !7;24:G2 (?=7>DC: ;42A C7C D =2K:G:=2 A7@A797>C2G:K7 *A3:K7 >2BCD@2 D -:A7>G: >2 *47CB;?= @A47>BC4D D 3:G:; <:9=D ;?K7 K7 @?H7<? B7@C7= 3A2 : CA2K7 6? >767L7 ?4?5 =7B7G2 &2 @<2>7C2A>?= I2= @:?>2CD >2K3?L:F 3:G:;<:BC2
$ 10%)(/+8,0. 10340:5 ,$()4+ )4$-7$
*<?47>:K7 DBCA:K7 >2K3?L: ;A2L742H;: 3:G:;<:BC2 K7 3:? >2K3?L7 @<2B:A2>: BA@B;: C2; =:H2A 2 >2BCD@:<: BD K?I "42> *C74:N %2A;? 2>:<?4:N :
@?K24:N7 B7 : #A2L74H2>;2 7<7>2 A:N ;?K2 N7 >2BCD@:C: D KD>:?AB;?K ;?>;DA7>G:K: (A7=2 B47=D 6? B262 @A:;292>?= D@A24? BD C2;=:H2A: //& %7
7<:C2 &73?KI2 ?42>? 4:N ?6DBC2? &2 CA26:G:?>2<>?K =7JD>2A?6>?K KD>:?AB;?K 3:G:;<:BC:H ;?K CAG: '<:=@:KB;7 >267 ;?K2 B7 @A?C7;<?5 4:;7>62 4?9:<2 D 647 7C2@7 ?6 7?5A262 6? )2KG2 : ?6 :52 6? #?B =2K2 C2;=:H2A ;A2L7 42H;?5 //& %7C2<G2 >6A:K2 0D;:N 92D97? K7 CA7N7 =7BC? D 6AD5?K 7C2@: , 57>7A2<>?= @<2B=2>D ;A2L742H;: 3:G:;<:BC2 DI2> )2K?4:N 92D97? K7 CA7N7 =7BC? 6?; K7 D ;?>;DA7> G:K: ;267C2 3:? @A4: &2 CAG: K7 >2BCD@:<2 : 7<7>2 A:N ;?K?K K7 C? +60&$ 9) %5(5;/034 .-$(+ %+7+,-+34+ 3:<2 @?B<76M2 @A?47A2 )4$-7$ /$ 10%)(/+8,0. 10340:5 @A76 B47CB;: I2=@:?>2C 2 C2;=:H7M7 K7 924AI:<2 C2<G2 %:<?I ?A:B24L74:N : >2 =7BCD ;2? K76:>2 62=2 D 7<7>2 A:N D >2K3?L?K E?A=: : ;?=@<7C>? =DI;?K CAG: =?87 B7 ?H7;:42C: 62 N7 D BAGD (A7 >7;?<:;? 5?6:>2 ;262 +?B;2>7 ?BC42A:C: A79D<C2C B2= B7 4A2C:? :9 * : @A7D97? 3?L: ?6 @A?I<?5?6:IM75 +262 3A:5D ?;? # %7C2<2G 92C7;2? K7 >2 *( D .?<2>6:K: ?A:B24 B2= 642 4?92H2 , =7JD4A7=7>D L74:N D KD>:?AB;?K ;?>;DA7> 47<:;: A26 : ?6A:G2M7 6?>7<: G:K: 3:? 2 &:;?<2 #?9?=?A2 BD >2= BK2K>D 57>7A2G:KD C2; D ;?>;DA7>G:K: 4?92H2 6? 5? =:H2A2 >2 H7<D B2 ?A:B24L74: 6:>7 +262 K7 D ;2C75?A:K:
" N7= (?<D=:AG7= *C2>;?4:N7= *C?K2>?4:N7= : ?BC2<:=2 ;?K: BD 47N @?;292<: 62 BD =7JD 4? 67N:=2 D 97=L: : >2 2<;2>D *262 @?>?B>? =?5D 62 ;287= 62 D ;<D3D BC2B242 K?I K76>2 >?42 57>7A2G:K2 3:G:;<:BC2 >2 H7<D B2 )2K?4:N7= 0D;:N7= 7<7>?= # &2 *47CB;?= @A47>BC4D D 3: G:;<:9=D 7<7>2 A:N >2 BCD@2 D CAG: KD>:?A;: >2 ;:<?=7CA2 B7@C7=3A2 "BC?5 62>2 K7 >2 @A?5A2=D CA;2 ;= 4?92H2 6? 5? 6:>7 >2 ;?K?K N7 B4?K7 D=7N7 @?;292C: %:<?I ?A:B24L7 4:N
A:N ;?K2 K7 67E:>:C4>? 379 @A7=G2 D 97=L: : ;?K2 N7 @A?B<2 4:C: #A2L74? : >2ID 97=LD >2 3A?K>:= =7JD>2A?6>:= CA;2=2 &2I ;A2KM: G:L ?BC2K7 #A2L74 H2>:> >2 +DA 6 -A2>BD : B262 B2= B:5DA2> 62 B=? K2;? 3<:9D ?BC42A7MD C7 87L7 4:I7 >75? 926?4?L2> K7 !'+.:' .0, &7( 4.= B7<7;C?A A7@A797>C2G:K7 *A3:K7 : 6:A7;C?A ;A2L742H;?5 //& %7C2<G2 '.:,).=
/&-0&*#".
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
%13>6=,=4 596, ;,0<51 64/1 7C=0 &0):15*(= (67,(1 #(*401 ':3(,0A( ' 752-9-7 (790/(4 % !(8 57(*( " -,0489*5 7:.( "9:)(2 5+:95*(>1( (C( (+45<753 *-/,( 2(,( 702( $,;9.4 596, ;,0<51 64/1 A1=.;=,5 2(,( 702( 7C=0 (+45<753 *-/,( "9:)(2 5+:95*(>1( (C( -,0489*5 7:.( % !(8 57(*( " 752-9-7 (790/(4 #(*401 ':3(,0A( ' &0):15*(= (67-,(1
.&/1%', 1 2'+'41 $,)$&0&. "."5,.5" ."(
+>7,04D, !95;, 9;, ,;,C9;C1 $961= #76,048,@ &6,.4D, '>=48 ',59.9 !1=,6,@ 909D,2, %>0,; #;69.,@ ';1:A, ;,/,A1.9 ;<18,6 &69-90,
>;4B4F
$,;9.4 *(>1( (C( >(85*( #(*401
596, ;,0<51 64/1 &>-9=, > A,<9., 5+:95 -,0489*5 2(,( 702( (+45<753 -,-B( : 7C=0 (67-,(1 ':3(,0A( ' &0):15*(= (790/(4 57(*( " 752-9-7 7:.( % !(8 *-/,( "9:)(2 " >;4B4F
#( %,< !,/89?;97 &=>-,6 ;>2, $,;=43,8 $;961=1; !6,0, 5;46, 1048<=.9 +>7,04D, 9/>=9.,A5, ,E, *4->59.,@ ;E@4 .130, ",:;10,5 ',.845 !9;,., &
%13>6=,=4 596, ;>/1 /;,0<51 64/1 /;>:, -,; 75+57-20=( "9:,-4 09-/ 0>( :,:D45 89 " 32(,04(= :804( 7-1( "25)5,(4 903 "9(7( &(7?0A( $,;9.4 596, ;>/1 /;,0<51 64/1 /;>:, -,; ":)59( : >(85*( "9(7( &(7?0A( 75+57-20=( -,-B( : >(85*( : ,:D45 89 " 32(,04(= "9:,-4 09-/ 0>( "25)5 ,(4 903 :804( 7-1( %13>6=,=4 596, ;>/1 /;,0<51 64/1 /;>:, !9 ;,., !-(2 57(= 565*0D0 -,0489*5 +5,(>0=( 025>(A(= 2(,5 89 5*5 :78:2( $,;9.4 596, ;>/1 /;,0<51 64/1 /;>:, !9 ;,., ":)59( : >( 85*( 5*5 :78:2( !-(2 -,-B( : >(85*( 0 30 4:9( 025>(A(= 2(,5 89 -,0489*5 +5 ,(>0=( 57(= 565*0D0 " >;4B4F
" 6&%+& ,% 10"(*'3" .1$& $."%/(& )'$&
>0>F89<= !><48, %15, $;9/9;164@, 4A, #76,048,@ &=>018 4=13 &=,;, *,;B4D,
%1,6 !6,09<= 1048<=.9 9.9 >;<>6, /90,A4@, !469A,D,@ $9:9.4F4 9;,@
32(,0481( 8-2-1=0A( "25+67-976-2( A- 45*0 657(/ 4( +5895 *(C: 7(B-*>(40 8: : 152: 3 2(,0481- 20+- "7)0A- 67-976-20 :)-,B0* 657(/ ( 5*5+ 6:9( )5B0 8: )020 *7?C(=0 " ( 0/ 57>8( $ >-9070 :9(130=- *(4 #( 19/;,0 & 9;A, );.18, 3.130, %,0 ,/9048, %,084A54 $ *& $4.,;, "9.4 $,3,; 9D.9048, 9;,@ %,084A54 ;90,;,@ &69-90, $498= $,;=43,8 &69/, ",:;10,5
7(B-*( "25+04- )-)- 8: /(7@(2- 0895 952015 657(/( :/ +52 7(/201: $ 152: 4( 7(, 8153 89(,054: : 7(B-*: )-20 ,5>-1:A: 57(= 0/ &(>1( : 4,-B: : >(85*( "
>;4B4F
#! " $ "%
$ !"
#"
)
*A7CF?6>?5 4:;7>62 @?H7<? K7 >?4? AD;?=7C>? @A47>BC4? 2 AD;?=7C2I: ;A2L742H;?5 '7 C2<G2 >2BCD@2KD D *A4?K <:5: ,A3:K7 5AD@2 #2@26 (2 BC2ACD >?47 B79?>7 %A2L74H2>: BD 5? BC?42<: 7;:@: 12=?C :9 A2>2J7<?4G2 ;?K2 K7 ?BC42 A:<2 D376L:4D @?376D A79D<C2 C?= ,79?>2 K7 @?H7<2 ?H2K>? @? >2B $5A2<: B=? 6? BC2 ;?> ED9>? D@<2I7>? >:B=? @? ;29<: >:IC2 ?6 ;42<:C7C2 ;?K: ?42K C:= :=2 12=?C K7 ;<D3 B2 CA26:G:K?= >7;262 BD :5A2<: >2 7<:C>?K BG7>: : B262 :=2KD 6?32A C:= 2<: ?BC2K7 DC:B2; 62 B=? := =>?5? @?=?5<: 62 ? BC42A7 BC2AC>D 4:I7 >75? D376L:4D @?376D ;287 '2A;? *A:32;?4:N CA7>7A AD;?=7 C2I2 '7C2<G2 . ?6>? BD >2 @A?I<D B79?>D ;262 K7 '7C2<2G =7JD 6AD5?<: 52I:=2 D376L:4? ?B4?K:? @A4? =7 BC? C:= K7 >79>2C>? @A?=7 M7> BC:5<2 BD 642 >?42 :5A2H2 2 G:L K7 :93?A:C: ?@BC2>2; D "
"%!
"
& "
%
!
$$ "
$
'
" ! #,# 1D=26:K2 D A2>J7<?4GD ,('#,#6# 4'*9( 7;:N : ,2>6? 2+:47(;# 12=?C =:>DC2 '7C2<2G =:>DC2 ,76=7AG: 12=?C '7C2<2G " <:I:N :A:N ,:=?>?4:N +:BC:4?K74:N ':CA?4:N ,@2B?K74:N +2>;?4:N ":4?K:>?4:N +26?B24L74:N 2I:N *A2I H74:N 7<7>:N *2@?4:N ':CA?4:N *24:N74:N *7I:N ! -?;2<:N :=:CA:K74:N *?@26:N 2CA:N74:N ,C?K2>?4:N ,C742>?4:N +26:H74:N ':<:4?K74:N 7L;?4:N (7 (:;?<:N :=:CA:K74:N (: (:;?<:N /:<:@?4:N (7> (:;?<:N :;:N -?=:N '2A:N
"%
" 328* "
'
%
$ ) ' #$ "$% %
'
"
/;*4*> 37B* B/ :;2-4* .7 !9,/ 42-/
<:5: ,4:=2 K7 @?9>2C2 >2I2 B: CD2G:K2 :5A2=? B42;: =7H D 5? BC:=2 >7=2=? E:>2>B:K2 92 >7;2 47<:;2 @?K2H2M2 @A: @A7=7 C2;? 62 B7 B>2<29:=? .H:>:N7=? IC? K7 6? >2B 62 :9 3?A:=? ?@BC2>2; 2<: N7 C2K 92 62C2; 3:C: 4:I7 >75? C782; )BC2K7 82< 62 : ?47 B79?>7 >7 =?87=? 62 :5A2=? D B4?= 5A26D K7A %A2L74? K?I D47; %"
>7=2 64?A2>D 92 ?6:5A242M7 AD;?=7C>:F DC2;=:G B2 6?9?= ?5?AH7M2 : A29?H2A7M2 92;LDHDK7 #1+/ 1*$#+/%*< '7C2<2G D >2A76>?= ;?<D 6?H7;DK7 7;:@D "D@7 :9 <7;B2>6A?4G2 ;?K2 K7 >2 BC2ACD @A47>BC42 =:>:=2<>? ;2? 6?=2N:> @?376:<2 *A:3?K %A2L742H;: AD;?=7C2I: N7 : ?47 B79?>7 ;2? 6?=2N:>: :5 A2C: D -ABC7>:;D )
"
(
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
:/8;/5+*9
+D;?=7C2I:G7 '7C2<G2 C2;?J7 ?47 B79?>7 :5A2KD D *A4?K <:5: ,A3:K7 5AD@2 #2@26 %?=@<7C>? %?<? ;?K7 K7 >2 @A?5A2=D CA7 32<? 62 3D67 @A7CF?6>?5 4:;7>62 K7 ?6<?87>? @2 N7 A2L74H2>;7 @A7=:K7AD :=2C: D ;?<D D AM2H;?K 2M: 567 ;2? 6?=2N:>: :5A2KD B2 7;:@?= ?H2 >767L2 H #2 A29<:;D ?6 @A7CF?6>7 B7 9?>7 ?47 :=2=? 47<:;7 2=3: G:K7 -:= K7 =2M7 4:I7 >7@A?=7M7> A26:<: B=? 47?=2 6?3A? 7;:@2 K7 B@A7=>2 ?6:5
"
' %
A2<: B=? B762= ;?>CA?<>:F DC2;=:G2 : B47 B=? A7I:<: D B4?KD ;?A:BC '>?5? K7 A29<?52 92 ?@C:=:92= 2<: @<2>?47 >2= ;42A: H:M7>:G2 62 >7 =?87=? 62 :5A2=? D B4?= 5A26D 2<: 62 @A?3<7= 3D67 47N: >7 =?87=? >: 62 CA7>:A2=? $=2=? C:= 92 4:B?;7 6?=7C7 2 B47 3: =?5<? 62 @26>7 D 4?6D 93?5 >7DB<?42 D ;?K:=2 ;<D3 759:BC:A2 ;287 ,(+2#.'#1 (23/1/%*< CA7 >7A AD;?=7C2I:G2 ;A2L742H;?5 '7C2<G2 #*8(%*<
'
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
#$(,# !;?>?=2G :=>29:K2<2G -7F>:H2A ?=2N:> >2A76>?5 CDA>:A2 K7 )% !;?>?=2G 2 DC2;=:G7 B7 :5A2KD D B2<: !,-1 (:;?<2 -7B<2 !;?>?=2G -7F>:H2A !,-1 (:;?<2 -7B<2 %A2L74? D H -7F>:H2A :=>29:K2<2G D H :=>29:K2<2G !;?>?=2G D H %?6 KD>:?A2 D =7H74:=2 ;?<2 >:K7 3:<? :9>7>2J7M2 -DC:> K7 ;2? 6? =2N:> @?376:? 4AIM2;7 (?4?5 *292A2 A79D<C2C?= D>:?A: +:3>:G7 CA7N7@<2B:A2>: >2 @?B<76M7= 6A824>?= I2= @:?>2CD D376L:4? BD @?376:<: D 5?BC:=2 A2H2G A79D<C2C?= . ;?<D KD>:?A: (?4?5 *292A2 6?H7;DKD A2H2G 6?; -DC:> @?>?4? ;2? 6?=2N:> :5A2 @A?C:4 +:3>:G7