Download Lindy PRO Extender

;8=3H:E<4gcT]STa<P]dP[
8]bcP[[PcX^]P]SDbT
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
0Q^dccWXb\P]dP[
<Y^Ti5hdU^TUb9^cdQ\\QdY_^Q^TEcU
6YbcdUTYdY_^CU`dU]RUb!)))
@Qbd>_144
#%!
1\\bYWXdcbUcUbfUTGXY\cdUfUbi`bUSQedY_^XQcRUU^dQ[U^Y^dXU`bU`QbQdY_^_VdXYc
]Q^eQ\<Y^TiQcce]Uc^_bUc`_^cYRY\YdiV_bUbb_bc_b_]YccY_^c>UYdXUbYcQ^i
\YQRY\YdiQcce]UTV_bTQ]QWUcbUce\dY^WVb_]dXUecU_VdXUY^V_b]QdY_^S_^dQY^UT
XUbUY^GUbUcUbfUdXUbYWXdd_SXQ^WUdXUc`USYVYSQdY_^cVe^SdY_^cQ^TSYbSeYdbi_V
dXU`b_TeSdgYdX_ed^_dYSU
BPUTchX]U^a\PcX^]
6_becUY^Tbi_Y\VbUUY^T__bU^fYb_^]U^dc_^\i
GQb^Y^W\YfU`QbdcS_^dQY^UTgYdXY^`_gUbQTQ`dUb
>_ecUbcUbfYSUQR\U`QbdcgYdXY^`_gUbQTQ`dUbT_^_dTYc]Q^d\U
@\eWdXU`_gUbQTQ`dUbY^d_Qc_S[Ud_ed\UdS\_cUd_dXU<Y^Ti5hdU^TUbe^YddXQdYd
Yc`_gUbY^W
BU`\QSUdXU`_gUbQTQ`dUbgYdXQ]Q^eVQSdebUbQ``b_fUTdi`U_^\i
4_^_decUdXU`_gUbQTQ`dUbYVdXU`_gUbQTQ`dUbSQcURUS_]UcTQ]QWUT
SbQS[UT_bRb_[U^_bYVi_ecec`USddXQdYdYc^_d_`UbQdY^W`b_`Ub\i
9Vi_eecUQ`_gUbUhdU^cY_^S_bTgYdXdXU<Y^Ti5hdU^TUb]Q[UcebUdXUd_dQ\
Q]`UbUbQdY^W_VdXUTUfYSUc`\eWWUTY^d_dXUUhdU^cY_^S_bTT_^_dUhSUUTdXU
S_bTµcQ]`UbUbQdY^W1\c_]Q[UcebUdXQddXUd_dQ\Q]`UbUbQdY^W_VQ\\dXU
TUfYSUc`\eWWUTY^d_dXUgQ\\_ed\UdT_Uc^_dUhSUUTdXUgQ\\_ed\UdµcQ]`UbU
bQdY^W
4_^_dQddU]`dd_cUbfYSUdXU<Y^Ti5hdU^TUbi_ebcU\V
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!
FPaaP]ch
<Y^TigQbbQ^dcdXQddXYc`b_TeSdcXQ\\RUVbUUVb_]TUVUSdcY^g_b[]Q^cXY`Q^T
]QdUbYQ\cV_bQ`UbY_T_V_^UiUQbVb_]dXUTQdU_V_bYWY^Q\`ebSXQcU9VdXU`b_TeSd
cX_e\TVQY\d__`UbQdUS_bbUSd\iY^^_b]Q\ecUTebY^WdXUgQbbQ^di`UbY_T<Y^TigY\\
bU`\QSU_bbU`QYbYdVbUU_VSXQbWU>_\YQRY\YdiSQ^RUQSSU`dUTV_bTQ]QWUTeUd_
]YcecU_bSYbSe]cdQ^SUc_edcYTU<Y^TiµcS_^db_\1\c_<Y^TigY\\^_dRUbUc`_^cYR\U
V_bQ^i\_ccTQ]QWU_bY^ZebiQbYcY^WTYbUSd\i_bY^TYbUSd\iVb_]dXUecU_VdXYc
`b_TeSd<Y^Tiµcd_dQ\\YQRY\Ydie^TUbdXUdUb]c_VdXYcgQbbQ^dicXQ\\Y^Q\\
SYbSe]cdQ^SUcRU\Y]YdUTd_dXUbU`\QSU]U^dfQ\eU_VdXYc`b_TeSd
9VQ^iTYVVYSe\diYcUh`UbYU^SUTY^dXUY^cdQ\\QdY_^_becU_VdXYc`b_TeSddXQdi_eQbU
e^QR\Ud_bUc_\fU`\UQcUS_^dQSd<Y^Ti
CaPST\PaZb
1\\dbQTU]Qb[c]U^dY_^UTY^dXYc]Q^eQ\QbUQS[^_g\UTWUTd_RUdXU`b_`Ubdi_VdXU
bUc`USdYfUdbQTU]Qb[_g^Ubc
3_]`QaYcQbUWYcdUbUTdbQTU]Qb[_V3_]`Qa3_]`edUb3_b`_bQdY_^
8Ug\Udd@QS[QbTYcQbUWYcdUbUTdbQTU]Qb[_V8Ug\Udd@QS[QbT
92=@31D@C"BC&
Q^TDXY^[@QTQbUbUWYcdUbUTdbQTU]Qb[c_V
9^dUb^QdY_^Q\2ecY^Ucc=QSXY^Uc3_b`_bQdY_^
<_WYdUSX=_ecU=Q^Q^T@Y\_d=_ecUQbUdbQTU]Qb[c_V<_WYdUSX9^S
=YSb_c_VdQ^TGY^T_gcQbUbUWYcdUbUTdbQTU]Qb[cQ^T9^dU\\Y=_ecUYcQdbQTU]Qb[
_V=YSb_c_Vd3_b`_bQdY_^
FU\Sb_YcQdbQTU]Qb[_VFU\Sb_EC19^S
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"
APSX^5aT`dT]Rh4]TaVh
13QdUW_bi%_bRUddUbdgYcdUT`QYbSQR\U]ecdRUecUTd_S_^^USddXU<Y^Ti
5hdU^TUbe^YdcY^_bTUbd_]QY^dQY^S_]`\YQ^SUgYdXbQTY_VbUaeU^SiU^UbWiU]YccY_^
bUWe\QdY_^cQ^TU^cebUQceYdQR\iXYWX\UfU\_VY]]e^Ydid_U\USdb_]QW^UdYS
TYcdebRQ^SUc
1\\_dXUbY^dUbVQSUSQR\UcecUTgYdXdXYcUaeY`]U^d]ecdRUcXYU\TUTY^_bTUbd_
]QY^dQY^S_]`\YQ^SUgYdXbQTY_VbUaeU^SiU^UbWiU]YccY_^bUWe\QdY_^cQ^TU^cebUQ
ceYdQR\iXYWX\UfU\_VY]]e^Ydid_U\USdb_]QW^UdYSTYcdebRQ^SUc
4da^_TP]4<2SXaTRcXeT'(""%442
DXYcUaeY`]U^dXQcRUU^dUcdUTQ^TV_e^Td_
5222^\_[XP]RTBcPcT\T]cD]XcTSBcPcTb
S_]`\igYdXdXU\Y]YdcV_bQS\Qcc1S_]`edY^W
DXYcUaeY`]U^dWU^UbQdUcecUcQ^TSQ^bQTYQdU
TUfYSUY^QSS_bTQ^SUgYdXdXUc`USYVYSQdY_^cY^
bQTY_VbUaeU^SiU^UbWiQ^TYV^_dY^cdQ\\UTQ^T
dXU5eb_`UQ^cdQ^TQbT5>%% ""DXUcU\Y]Ydc
ecUT`b_`Ub\idXQdYcY^cdbYSdQSS_bTQ^SUgYdX
QbUTUcYW^UTd_`b_fYTUbUQc_^QR\U`b_dUSdY_^
dXU]Q^eVQSdebUbµcY^cdbeSdY_^c]QiSQecU
QWQY^cdXQb]Ve\Y^dUbVUbU^SUDXYcUaeY`]U^d
Y^dUbVUbU^SUd_bQTY_S_]]e^YSQdY_^9dXQcRUU^
WU^UbQdUcecUcQ^TSQ^bQTYQdUbQTY_VbUaeU^Si
dUcdUTQ^TV_e^Td_S_]`\igYdXdXU\Y]YdcV_bQ
U^UbWiQ^TYV^_dY^cdQ\\UTQ^TecUTY^
S\Qcc1S_]`edY^WTUfYSUY^QSS_bTQ^SUgYdXdXU
QSS_bTQ^SUgYdXdXUY^cdbeSdY_^c]QiSQecU
c`USYVYSQdY_^cY^CeR`Qbd:_V`Qbd!%_V633
XQb]Ve\Y^dUbVUbU^SUd_bQTY__bdU\UfYcY_^
be\UcgXYSXQbUTUcYW^UTd_`b_fYTUbUQc_^QR\U
bUSU`dY_^8_gUfUbdXUbUYc^_WeQbQ^dUUdXQd
`b_dUSdY_^QWQY^cdceSXY^dUbVUbU^SUgXU^dXU
XQb]Ve\Y^dUbVUbU^SUgY\\^_d_SSebY^Q`QbdYSe\Qb
UaeY`]U^dYc_`UbQdUTY^QS_]]UbSYQ\
Y^cdQ\\QdY_^9VdXYcUaeY`]U^dT_UcSQecU
U^fYb_^]U^d?`UbQdY_^_VdXYcUaeY`]U^dY^Q
Y^dUbVUbU^SUd_bQTY__bdU\UfYcY_^bUSU`dY_^
bUcYTU^dYQ\QbUQ]QiSQecUY^dUbVUbU^SUY^
gXYSXSQ^RUTUdUb]Y^UTRideb^Y^WdXU
gXYSXSQcUdXUecUbQdXYc_g^Uh`U^cUgY\\RU
UaeY`]U^d_^Q^T_VVdXUecUbYcU^S_ebQWUTd_
bUaeYbUTd_dQ[UgXQdUfUb]UQcebUc]QiRU
S_bbUSddXUY^dUbVUbU^SUgYdX_^U_b]_bU_VdXU
^USUccQbid_S_bbUSddXUY^dUbVUbU^SU3XQ^WUc
V_\\_gY^W]UQcebUc*QBU_bYU^d_bbU\_SQdUdXU
_b]_TYVYSQdY_^c^_dUh`bUcc\iQ``b_fUTRidXU
bUSUYfY^WQ^dU^^QR9^SbUQcUdXUcU`QbQdY_^
]Q^eVQSdebUbS_e\Tf_YTdXUecUbµcQedX_bYdid_
RUdgUU^dXUUaeY`]U^dQ^TdXUbUSUYfUbS
_`UbQdUdXUUaeY`]U^d
3_^^USddXUUaeY`]U^dd_Q^_ed\Ud_^QSYbSeYd
TYVVUbU^dVb_]dXQdd_gXYSXdXUbUSUYfUbYc
2P]PSXP]3T_Pac\T]c^U2^\\d]XRPcX^]b
S_^^USdUTT3_^ce\ddXUce``\YUb_bQ^
A58bcPcT\T]c
Uh`UbYU^SUTbQTY_DFdUSX^YSYQ^V_bXU\`
DXYcUaeY`]U^dT_Uc^_dUhSUUTdXUS\Qcc1
\Y]YdcV_bbQTY_^_YcUU]YccY_^cVb_]TYWYdQ\
Q``QbQdeccUd_edY^dXUbQTY_Y^dUbVUbU^SU
bUWe\QdY_^c_VdXU3Q^QTYQ^4U`Qbd]U^d_V
3_]]e^YSQdY_^c
<U`b}cU^dQ``QbUY\^e]}bYaeU^µ}]Ud`QcTU
RbeYdcbQTY_}\USdbYaeUcT}`QccQ^d\Uc\Y]YdUc
Q``\YSQR\UcQehQ``QbUY\c^e]}bYaeUcTU\Q
S\QccU1`bUcSbYdUcTQ^c\Ub~W\U]U^dceb\U
Rb_eY\\QWUbQTY_}\USdbYaeUc`eR\Y}`Qb\U
]Y^Ycd~bUTUc3_]]e^YSQdY_^cTe3Q^QTQ
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#
2^]cT]cb
8]ca^SdRcX^] %
!!<Y^Ti5hdU^TUbVUQdebUc &
!"1TTYdY_^Q\<Y^Ti5hdU^TUb@b_VUQdebUc '
!#@b_TeSdY^V_b]QdY_^ (
!$@QS[QWUS_^dU^dc !!
!8]bcP[[PcX^] "
"!GXQdi_egY\\^UUT !#
""=_e^dY^WdXU<Y^Ti5hdU^TUb !%
"#3_^^USdY^Wi_ebTUfYSUc !%
"$3_^VYWebY^Wi_eb@3c !(
"&3_^VYWebY^WdXU<Y^Ti5hdU^TUb !(
"'CUddY^WdXU_`dY_^cgYdSXUc !)
"(CUddY^WdXUfYTU_S_]`U^cQdY_^ ""
")3_^VYWebY^WdXUecUbcU\USdQR\U_`dY_^c "$
"!
"!!?dXUbecUVe\Y^cdQ\\QdY_^Y^V_b]QdY_^ "'
"!"8_d`\eWWY^WdXU<Y^Ti5hdU^TUbY^d_be^^Y^WcicdU]cQ^TbUU^QR\Y^W
TYcS_^^USdUT@C"3@E]_ecUS_^^USdY_^c "'
Ce]]Qbi_V<Y^Ti5hdU^TUbS_^VYWebQdY_^_`dY_^c "%
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$
"DbX]VcWT;X]Sh4gcT]STa !(
#!@_gUb_^cdQdec ")
#"<Y^Ti5hdU^TUbY^TYSQd_b\YWXdc #
##;UiR_QbT>E=31@CQ^TC3B?<<\_S[Y^TYSQd_bc #"
#$;UiR_QbTX_d[UiS_^db_\ ##
#%5^dUbY^WQ^UhYdY^WfYTU_S_]`U^cQdY_^S_^VYWebQdY_^]_TU ""
#&=_ecUS_^db_\ #%
#'CdUbU_QeTY_ce``_bd_^dXU<Y^Ti5hdU^TUb@b_ #%
#(=YSb_`X_^Uce``_bd_^dXU<Y^Ti5hdU^TUb@b_ #%
#)CUddY^WQ^TecY^WdXUcUSebYdi`Qccg_bT #&
#!
AeUbiY^WdXU<Y^Ti5hdU^TUbµcVYb]gQbUfUbcY_^ #(
#;X]Sh4gcT]STaR^]UXVdaPcX^]^_cX^]b "(
$!BC"#"`b_d_S_\_`dY_^c #)
$"=_ecU]_TUQ^T]_ecUcgYdSXY^W_VSXQ^^U\c $
$#BUcUddY^WQ\\S_^VYWebQdY_^_`dY_^cd_dXUYbTUVQe\dcdQdU $!
0__T]SXRTb
13QR\UQ^TS_^^USd_bc`USYVYSQdY_^c $"
2@b_R\U]c_\fY^W $'
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU%
8]ca^SdRcX^]
DXQ^[i_eV_b`ebSXQcY^WdXU<Y^Ti5hdU^TUbI_eb<Y^Ti5hdU^TUbYcTUcYW^UTd_
dbQ^cVUb[UiR_QbTfYTU_]_ecUQ^TBC"#"cYW^Q\ce`d_"
]UdbUc_fUb3QdUW_bi
%dgYcdUT`QYbSQR\UDXU<Y^Ti5hdU^TUbcicdU]S_^cYcdc_VQdbQ^c]YddUbH<Q^TQ
bUSUYfUbHBe^YddXQdQbUS_^^USdUTd_WUdXUbRiQdgYcdUT`QYbSQR\UDXUHBe^Yd
S_^^USdcd_i_eb[UiR_QbT]_^Yd_bQ^T]_ecUQ^TdXUH<e^YdS_^^USdcd_dXU
S_]`edUbcicdU]dXQdYcd_RUS_^db_\\UT
DXU<Y^Ti5hdU^TUbYcce``\YUTY^R_dXcdQ^TQbT<Y^Ti5hdU^TUbQ^TU^XQ^SUT
<Y^Ti5hdU^TUb@b_V_b]Qdc9^QTTYdY_^d_dXUVUQdebUcce``_bdUTRidXU<Y^Ti
5hdU^TUbdXU<Y^Ti5hdU^TUb@b_cicdU]ce``_bdccdUbU_QeTY_Q^T]YSb_`X_^U
cYW^Q\cQ^TUhdbQS_^^USdYfYdi_`dY_^cDXYcQTTYdY_^Q\S_^^USdYfYdiU^QR\UcQcUS_^T
[UiR_QbT]_^Yd_b]_ecUcUdd_RUS_^^USdUTd_dXUH<e^YdQ^TQ^QTTYdY_^Q\
S_]`edUbcicdU]d_RUS_^^USdUTd_dXUHBe^Yd
;X]Sh4gcT]STaUTPcdaTb
5^QR\UcQ[UiR_QbT]_^Yd_b]_ecUQ^TBC"#"TUfYSUd_RU\_SQdUTe`d_"
]UdbUcVb_]QS_]`edUb
EcUcQcY^W\U3QdUW_bi%_bRUddUbe^cXYU\TUTdgYcdUT`QYbSQR\Ud_SQbbiQ\\dXU
[UiR_QbTfYTU_]_ecUQ^TBC"#"cYW^Q\c
6Y^UecUbQTZecdQR\UfYTU_S_]`U^cQdY_^U^QR\UcdXUfYTU_aeQ\Ydid_RU
]QhY]YcUTV_bQ^iWYfU^\U^WdX_VSQR\U
DXUfYTU_S_]`U^cQdY_^_^\i^UUTcd_RUQTZecdUT_^SUTebY^WcUde`DXU
SX_cU^S_]`U^cQdY_^cUddY^WYcbUdQY^UTY^55@B?=]U]_biUfU^gXU^dXU
<Y^Ti5hdU^TUbYc`_gUbUT_VV
=YhUT1D@C"[UiR_QbTcQ^T@C"BC"#"]YSUce``_bdUTQccdQ^TQbT
Ce``_bdc=YSb_c_Vd9^dU\\Y=_ecUQ^T_dXUbS_]]_^gXUU\]YSU
@Qccg_bTcUSebYdi`bUfU^dce^QedX_bYcUTecU
Ce``_bdcXYWXRQ^TgYTdX]_^Yd_bcQdbUc_\edY_^ce`d_!&
h!"(
Ce``_bdc[UiR_QbT]_TUc!"Q^T#Q^T]_ecU`b_]`dQ^TcdbUQ]]_TUcV_b
]QhY]e]S_]`QdYRY\Ydi
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU&
@_gUbQ^TQSdYfYdiY^TYSQdY_^S_^VYb]S_bbUSd_`UbQdY_^
CdQ^TQbTSQR\US_^^USdY_^c]Q[UY^cdQ\\QdY_^UQciQ^TY^Uh`U^cYfU
B_Recd]UdQ\SQcUU^cebUcW__TcXYU\TY^WQ^TfYTU_aeQ\Ydi
!)Y^SXbQS[]_e^d[YdQfQY\QR\U
Ce``_bdc92=@3S_]`QdYR\UcQ^TBC&
S_]`edUbc
!0SSXcX^]P[;X]Sh4gcT]STa?a^UTPcdaTb
Ce``_bdccdUbU_QeTY_Q^T]YSb_`X_^UcYW^Q\c
@b_fYTUcQ^QTTYdY_^Q\ecUb`_bd[UiR_QbT]_^Yd_b]_ecUc`UQ[Ub]YSb_`X_^U
_^dXUH<dbQ^c]YddUbe^YdU^QR\Y^WdXUS_]`edUbd_RUS_^db_\\UTVb_]Q\_SQdY_^
S\_cUd_dXUH<dbQ^c]YddUbQcgU\\QcQ\_SQdY_^S\_cUd_dXUHBbUSUYfUb
@b_fYTUcQ^QTTYdY_^Q\S_]`edUb`_bd[UiR_QbT]_^Yd_b]_ecUc`UQ[Ub]YSb_
`X_^U_^dXUHBbUSUYfUbe^YdU^QR\Y^WdXUecUbd_S_^db_\Q\_SQ\S_]`edUbY^
QTTYdY_^d_dXUbU]_dUS_]`edUbdXQdYcS_^^USdUTfYQdXUdgYcdUT`QYbSQR\U
6b_^d`Q^U\Y^TYSQd_bccX_gdXUSebbU^d\iQSdYfUecUb`_bdQ^TdXUSebbU^d\i
cU\USdUTS_]`edUb
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU'
"?a^SdRcX]U^a\PcX^]
5XVdaT
<Y^Ti5hdU^TUb
¯;X]Sh4gcT]STaG;caP]b\XccTaP]SGAaTRTXeTa
9^cdQ\\QdY_^Q^TEcU
@QWU(
5XVdaT!¯;X]Sh4gcT]STa?a^G;caP]b\XccTaP]SGAaTRTXeTa
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU)
5XVdaT"¯<^d]cX]VcWT;X]Sh4gcT]STaX]cWT
^_cX^]P[
<Y^Ti5hdU^TUb
(X]RWaPRZ\^d]cX]VZXc
9^cdQ\\QdY_^Q^TEcU
@QWU! #?PRZPVTR^]cT]cb
;X]Sh4gcT]STa_PRZPVTR^]cT]cb
Quantity
Description
! <Y^Ti5hdU^TUbH<dbQ^c]YddUbe^Yd
! <Y^Ti5hdU^TUbHBbUSUYfUbe^Yd
! 9^cdbeSdY_^]Q^eQ\
!
@_gUbQTQ`dUbV_bdXUHBbUSUYfUbe^Yd
@\UQcU^_dUdXQddXUH<dbQ^c]YddUbe^YdT_Uc^_d^_b]Q\\ibUaeYbUQ`_gUbQTQ`dUb
RUSQecUYdTbQgcYdc`_gUbVb_]dXUS_]`edUbfYQdXU[UiR_QbTY^dUbVQSUSQR\U1
cUS_^T`_gUbQTQ`dUbYcdXUbUV_bU>?DCE@@<954Red]QiRU`ebSXQcUT
cU`QbQdU\iV_bfYTU__^\iQ``\YSQdY_^c
;X]Sh4gcT]STa?a^_PRZPVTR^]cT]cb
Quantity
Description
!
<Y^Ti5hdU^TUb@b_H<dbQ^c]YddUbe^Yd
! <Y^Ti5hdU^TUb@b_HBbUSUYfUbe^Yd
! 9^cdbeSdY_^]Q^eQ\
!
@_gUbQTQ`dUbV_bdXUHBbUSUYfUbe^Yd
@\UQcU^_dUdXQddXUH<dbQ^c]YddUbe^YdT_Uc^_d^_b]Q\\ibUaeYbUQ`_gUbQTQ`dUb
RUSQecUYdTbQgcYdc`_gUbVb_]dXUS_]`edUbfYQdXU[UiR_QbTY^dUbVQSUSQR\U1
cUS_^T`_gUbQTQ`dUbYcdXUbUV_bU>?DCE@@<954Red]QiRU`ebSXQcUT
cU`QbQdU\iV_bfYTU__^\iQ``\YSQdY_^c
;X]Sh4gcT]STa (X]RWaPRZ\^d]cZXc
Quantity
Description
!
=_e^dY^WQccU]R\iV_b!)Y^SXbQS[c
" 3_e^dUbce^[cSbUgcV_bVYhY^W<Y^Ti5hdU^TUbd_]_e^dY^WQccU]R\i
DXUbQS[]_e^d[YdYcceYdQR\Ud_]_e^ddXUH<_bHBe^YdY^d_Q!)Y^SXbQS[9Vi_e
bUaeYbUTd_]_e^dR_dXdXUHBQ^TdXUH<e^YdcY^!)Y^SXbQS[cdXU^i_egY\\^UUT
dg_bQS[]_e^d[YdcDXU[YdYcceYdQR\UV_bdXU<Y^Ti5hdU^TUbQ^TdXU<Y^Ti
5hdU^TUb@b_
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!!
;X]Sh4gcT]STaRPQ[T_PRZ
DXYcSQR\U`QS[YcceYdQR\UV_bS_^^USdY^Wi_ebS_]`edUbd_dXU<Y^Ti5hdU^TUbH<
e^Yd9dYcQ\c_ceYdQR\UV_bS_^^USdY^Wi_ebS_]`edUbd_dXU<Y^Ti5hdU^TUb@b_H<
e^Yd_bdXU<Y^Ti5hdU^TUb@b_HBe^YdYVi_eT_^_dgYcXd_ecUc`UQ[Ubc_b
]YSb_`X_^UcI_eb@C"[UiR_QbT@C"]_ecUQ^T]_^Yd_b]QiRU`\eWWUTY^d_
dXU<Y^Ti5hdU^TUbTYbUSd\i
Quantity
Description
!
8YWXbUc_\edY_^dbYS_QhfYTU_SQR\U"]UdbUc\_^W
"
@C"[UiR_QbT]_ecUSQR\Uc"]UdbUc\_^W
! ! CUbYQ\]_ecUQTQ`dUb`\eWc_^d_U^T_V@C"SQR\U
1D[UiR_QbTQTQ`dUb`\eWc_^d_U^T_V@C"SQR\U
;X]Sh4gcT]STa?a^RPQ[T_PRZ
DXYcSQR\U`QS[YcceYdQR\UV_bS_^^USdY^Wi_ebS_]`edUbd_dXU<Y^Ti5hdU^TUb@b_
H<e^Yd_bdXU<Y^Ti5hdU^TUb@b_HBe^YdI_eb@C"[UiR_QbT@C"]_ecU
]_^Yd_bcdUbU_c`UQ[UbcQ^T]YSb_`X_^U]QiRU`\eWWUTY^d_dXU<Y^Ti5hdU^TUb
@b_TYbUSd\i
Quantity
Description
!
8YWXbUc_\edY_^dbYS_QhfYTU_SQR\U"]UdbUc\_^W
" @C"[UiR_QbT]_ecUSQR\Uc"]UdbUc\_^W
" CdUbU_c`UQ[Ub]YSb_`X_^UQeTY_SQR\Uc°"]UdbUc\_^W
!
CUbYQ\]_ecUQTQ`dUb`\eWc_^d_U^T_V@C"SQR\U
! 1D[UiR_QbTQTQ`dUb`\eWc_^d_U^T_V@C"SQR\U
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!"
!8]bcP[[PcX^]
! FWPch^dfX[[]TTS
1SQdUW_bi%_bRUddUbdgYcdUT`QYbSQR\U_VdXUbUaeYbUT\U^WdXd_S_^^USddXU
<Y^Ti5hdU^TUbH<Q^THBe^Ydcd_WUdXUbDXUcUSQR\UcS_^dQY^$`QYbc_VdgYcdUT
gYbUcC`USYVYSQdY_^cQ^TbUS_]]U^TUTSQR\Udi`UcQbUWYfU^Y^Q``U^TYh1
<Y^Ti5hdU^TUbce``_bdcSQR\U\U^WdXce`d_"
]UdbUcCdbeSdebUTgYbY^WgYdXY^
ReY\TY^Wc]QiQ\c_RUecUTd_WUdXUbgYdXceYdQR\U`QdSXSQR\UcReddXU^e]RUb_V
SQR\US_^^USdY_^ccX_e\TRU[U`dd_Q]Y^Y]e]d_]QhY]YcUcYW^Q\aeQ\Ydi
3QR\Ucd_S_^^USddXU<Y^Ti5hdU^TUbH<e^Ydd_i_ebS_]`edUb3QR\U
c`USYVYSQdY_^cQbUWYfU^Y^Q``U^TYh13QR\U`QS[cQbUQfQY\QR\UV_bdXU<Y^Ti
5hdU^TUbYVi_eT_^_dgYcXd_`ebSXQcUY^TYfYTeQ\SQR\UcI_eT_^_d^UUTd_
S_^^USdSQR\UcV_bTUfYSUcdXQdi_eT_^_dgYcXd_ecUgYdXdXUUhSU`dY_^_VdXU
[UiR_QbTSQR\UgXYSXdXU<Y^Ti5hdU^TUbH<e^YdecUcd_TbQg`_gUbVb_]dXU
S_]`edUb9Vi_eT_^_dgYcXd_S_^^USdQ[UiR_QbTdXU^i_e]QiQ\dUb^QdYfU\i
`ebSXQcUQ^_`dY_^Q\`_gUbQTQ`dUb`QbdS_TU*@CE953%F43
1]_^Yd_bgYdXQcdQ^TQbTF71CF71!%`Y^S_^^USd_bdXQdgY\\g_b[gXU^
S_^^USdUTTYbUSd\id_i_ebS_]`edUb9Vi_eQbUS_^^USdY^WQ^QTTYdY_^Q\S_]`edUb
d_dXU<Y^Ti5hdU^TUb@b_HBe^YddXU^dXU]_^Yd_b]ecdQ\c_g_b[gXU^
S_^^USdUTTYbUSd\id_dXYcS_]`edUb<Y^Ti5hdU^TUbce``_bdc\_gQ^TXYWX
bUc_\edY_^]_^Yd_bc
1cdQ^TQbT1D_b@C"cdi\U[UiR_QbT9Vi_eQbUecY^WQ^1D[UiR_QbTgYdXQ%
`Y^S_^^USd_bi_e]QiS_^^USddXYcd_dXU<Y^Ti5hdU^TUbecY^WQcdQ^TQbT1Dd_
@C"[UiR_QbTQTQ`dUb
1@C"cdi\Udg__bdXbUURedd_^=YSb_c_Vd _b<_WYdUSX S_]`QdYR\U]_ecU_bQ
=YSb_c_Vd9^dU\\Y=_ecUS_]`QdYR\U]_ecU9Vi_eXQfUQ^<Y^Ti5hdU^TUb@b_Q^T
i_egYcXd_ecUdXU]_ecUd_cgYdSXdXUHBe^YdµcSXQ^^U\dXU^i_egY\\^UUTQ
dXbUURedd_^]_ecU_bQ^9^dU\\Y=_ecU
DXU<Y^Ti5hdU^TUbce``_bdc´9^dUb^Ud=YSUµdXQdQbUS_]`QdYR\UgYdXdXU=YSb_c_Vd
9^dU\\Y=_ecUDXUcUQbUVYddUTgYdXQgXUU\_b_dXUbcSb_\\S_^db_\Q^Tc_]UdY]Uc
XQfUQTTYdY_^Q\Redd_^c5hQ]`\UcQbU*=YSb_c_Vd9^dU\\Y=_ecU<_WYdUSX@Y\_d
=_ecU<_WYdUSX=_ecU=Q^7U^Yec>Ud=_ecUQ^T7U^Yec>Ud=_ecU@b_
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!#
1ceYdQR\U]_ecUTbYfUbV_bi_eb@3cCe``_bdUTdi`UcQbU*
@C"_bBC"#"dg_Redd_^]_ecUTbYfUbQ^i]Q^eVQSdebUb
=YSb_c_Vd]_ecUTbYfUbY^S\eTY^W9^dU\\Y=_ecU
<_WYdUSX]_ecUTbYfUbY^S\eTY^Wdg_Redd_^dXbUURedd_^Q^TgXUU\]_ecU
8Uh^dWPeTcWT;X]Sh4gcT]STa?a^cWT]h^d\PhP[b^aT`dXaT)
1^QTTYdY_^Q\cUd_VS_]`edUbSQR\Ucd_S_^^USdi_ebQTTYdY_^Q\S_]`edUbd_dXU
<Y^Ti5hdU^TUb@b_HBe^Yd
1^QTTYdY_^Q\[UiR_QbT]_ecUQ^T]_^Yd_b_VdXUdi`UTUcSbYRUTQR_fUd_
S_^^USdd_dXU<Y^Ti5hdU^TUbH<e^Yd
?^U_bdg_cUdc_VcdUbU_c`UQ[Ubc
?^U_bdg_]YSb_`X_^Uc
8Uh^daT`dXaTc^R^]]TRcbTaXP[STeXRTbh^d\PhP[b^aT`dXaT)
CeYdQR\US_^fUbcY_^SQR\Ucd_S_^^USdi_eb`QbdYSe\Qbdi`U_VBC"#"TUfYSU
BUVUbd_Q``U^TYh1V_b]_bUTUdQY\c
DbT^U?B!P]SAB!"!bch[T\XRTfXcWcWT;X]Sh4gcT]STaDXU]_ecU
S_^^USdY_^cVb_]<Y^Ti5hdU^TUbd_@3cce``_bdUYdXUbQ@C"_bQ^BC"#"]_ecU
<Y^Ti5hdU^TUbQed_]QdYSQ\\iS_^fUbdcVb_]dXU@C"]_ecUS_]]Q^Tcd_BC"#"
cUbYQ\]_ecUS_]]Q^TcCUbYQ\]YSUdi`UcQbUcU\USdUTRiecY^WQ^QTQ`dUbQc
TUcSbYRUTY^1``U^TYh1DXU)`Y^4di`UcUbYQ\`_bdc_^dXU<Y^Ti5hdU^TUb]Qi
Q\c_RUS_^VYWebUTd_ce``_bdcUbYQ\]YSUReddXYccUde`Yc\UccYTUQ\Q^TYcdXUbUV_bU
^_dWU^UbQ\\ibUS_]]U^TUTDXU<Y^Ti5hdU^TUbgY\\_`UbQdUgYdX_edQ]_ecU
S_^^USdUTYVi_eT_^_dgYcXd_ecU_^U
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!$
!!<^d]cX]VcWT;X]Sh4gcT]STa
DXU<Y^Ti5hdU^TUbXQcRUU^TUcYW^UTd_RUecUTUYdXUb_^QTUc[d_`_b]_e^dUT
Y^Q!)Y^SXbQS[9VdXU<Y^Ti5hdU^TUbYcd_RU]_e^dUTY^Q!)Y^SXbQS[dXU^i_e
gY\\^UUTdXU_`dY_^Q\bQS[]_e^dY^W[Yd`QbdS_TU*B=;1<DXU<Y^Ti5hdU^TUb
]QiQ\c_RU]_e^dUT_^QceYdQR\UfUbdYSQ\cebVQSUceSXQcdXUcYTU_VQTUc[gYdX
dXUecU_Vcdb_^WFU\Sb_cdbY`c
!"2^]]TRcX]Vh^daSTeXRTb
5^cebUdXQddXU`_gUbQTQ`dUbYcTYcS_^^USdUTVb_]dXU<Y^Ti5hdU^TUbQ^TdXQdQ\\
dXUTUfYSUcgXYSXQbUd_RUQddQSXUTQbUcgYdSXUT_VV3_^^USdi_ebTUfYSUcd_dXU
<Y^Ti5hdU^TUb_b<Y^Ti5hdU^TUb@b_QccX_g^Y^VYWebUc$Q^T%5^cebUdXQddXU
SQR\UcQbU^_\_^WUbdXU^dXU]QhY]e]SQR\U\U^WdXcc`USYVYUTY^Q``U^TYh11^i
e^ecUTS_]`edUb_b`UbY`XUbQ\S_^^USdY_^cSQ^RU\UVde^S_^^USdUTD_S_^^USd
S_]`edUbcgYdXcUbYQ\]_ecUS_^^USdY_^cQ^T1Dcdi\U[UiR_QbTS_^^USdY_^cecU
dXUQTQ`dUbcce``\YUTY^dXUSQR\Y^W`QS[QccX_g^RU\_g1\dUb^QdYfU\iYVi_eXQfU
SX_cU^^_dd_`ebSXQcUdXUSQR\U`QS[bUVUbd_Q``U^TYh1V_bSQR\Uc`USYVYSQdY_^c
DXU<Y^Ti5hdU^TUbYc^_gbUQTiV_becUQ^TgY\\cdQbdd__`UbQdUQcc__^dXUH<Q^T
HBe^YdcQbUR_dX`_gUbUT_^DXUbUYc^_bUaeYbU]U^dd_cgYdSXdXU<Y^Ti5hdU^TUb
e^Ydc_^Y^Q^iTUVY^UT_bTUbDXU<Y^Ti5hdU^TUbH<e^Yd^_b]Q\\iTbQgcYdc`_gUb
Vb_]dXUS_^^USdUTS_]`edUbfYQdXU[UiR_QbTSQR\U8_gUfUbYVi_eQbU
S_^^USdY^Wd_QS_]`edUbecY^WSQR\UcdXQdQbU\_^WUbdXQ^#]UdbUc_bQbU
S_^^USdY^Wd_Q\_gUb`_gUbUTTUfYSUceSXQcc_]Udi`Uc_V[UiR_QbTfYTU_
]_ecUcgYdSXdXU_`dY_^Q\`_gUbQTQ`dUb]QiRUbUaeYbUTGXU^ecY^WdXU_`dY_^Q\
`_gUbQTQ`dUbU^cebUdXQdYdYcS_^^USdUTd_dXU]QY^cQ^T`_gUbY^WdXU<Y^Ti
5hdU^TUbRUV_bUi_ecgYdSX_^dXUS_^^USdUTS_]`edUbcE^TUbdXUcU
SYbSe]cdQ^SUcVQY\ebUd_cgYdSXdXU<Y^Ti5hdU^TUbQ^TS_]`edUbc_^Y^dXUS_bbUSd
_bTUbSQ^\UQTd_dXU]_ecUQ^T_b[UiR_QbT^_dRUY^WbUS_W^YcUTRidXU
S_]`edUbcgXU^dXUiQbUcgYdSXUT_^
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!%
5XVdaT#¯0ch_XRP[;X]Sh4gcT]STaX]bcP[[PcX^]
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!&
5XVdaT$¯0ch_XRP[;X]Sh4gcT]STa?a^X]bcP[[PcX^]
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!'
!#2^]UXVdaX]Vh^da?2b
3_^VYWebUi_eb@3Y^dXUcQ]UgQidXQdi_eg_e\TYVi_eb[UiR_QbT]_ecU
c`UQ[Ubc]YSb_`X_^UQ^T]_^Yd_bgUbUQ\\S_^^USdUTTYbUSd\id_i_eb@3Red
RUQbY^WY^]Y^TdXUV_\\_gY^W`_Y^dc*
<Y^Ti5hdU^TUbU]e\QdUc=YSb_c_VdS_]`QdYR\UcUbYQ\9^dU\\Y=_ecUQ^T@C"]YSU
c_U^cebUdXQdi_eb@3c_VdgQbUYcS_^VYWebUTV_bQ=YSb_c_Vd]_ecU_VdXU
S_bbUSddi`UBUVUbd_dXU\Ycd_Vce``_bdUTTbYfUbcY^cUSdY_^"!
<Y^Ti5hdU^TUbce``_bdcF71CF71H71H71"di`U]_^Yd_bcRedT_Uc^_d
ce``_bddXUQed_]QdYSTUdUSdY_^VUQdebUcQfQY\QR\UgYdXc_]U´`\eWQ^T`\Qiµ
]_^Yd_bcQ^TfYTU_SQbTc9Vi_eXQfUdXYcdi`U_VfYTU_SQbTQ^T]_^Yd_bi_e
cX_e\TcU\USddXUfYTU_]_TU]Q^eQ\\iY^cdUQT_VbU\iY^We`_^dXUQed_]QdYS
TUdUSdY_^VUQdebU
DXUc_e^TaeQ\Ydi_VdXU<Y^Ti5hdU^TUb@b_µcQeTY_c`UQ[UbSXQ^^U\cYc
]QhY]YcUTRicUddY^WdXU]QhY]e]`_ccYR\UQeTY__ed`ed\UfU\Vb_]i_eb@3
I_eSQ^dXU^QTZecddXUc`UQ[Ubf_\e]Ud_ceYd
DXUc_e^TaeQ\Ydi_VdXU<Y^Ti5hdU^TUb@b_µcQeTY_]YSb_`X_^USXQ^^U\cYc
]QhY]YcUTRicUddY^WdXU]Y^Y]e]`_ccYR\UQeTY_Y^`ed\UfU\d_i_eb@3
!$2^]UXVdaX]VcWT;X]Sh4gcT]STa
DXU<Y^Ti5hdU^TUbYcce``\YUTY^QTUVQe\dcdQdUdXQdYcceYdQR\UV_b]_cdQ``\YSQdY_^c
UhSU`ddXQddXUfYTU_S_]`U^cQdY_^^UUTcd_RUQTZecdUTd_]QdSXdXU
SXQbQSdUbYcdYSc_VdXUdgYcdUT`QYbSQR\UDXUfYTU__^\i^UUTcd_RUS_]`U^cQdUT
_^SUTebY^WcUde`QcdXUS_]`U^cQdY_^fQ\eUYccd_bUTRidXU<Y^Ti5hdU^TUbQ^T
bUdQY^UTUfU^gXU^dXU`_gUbYc_VV
DXU<Y^Ti5hdU^TUbYcS_^VYWebUTecY^WdXUV_\\_gY^W*
>_cX^]bfXcRWTbbTTbTRcX^]!&
DXU_`dY_^cgYdSXUc_^dXUcYTU_VdXU<Y^Ti5hdU^TUbcU\USddXU[UiR_QbTX_d[Ui
S_]RY^QdY_^dXQdYcecUTd_QSSUccfYTU_S_]`U^cQdY_^S_^VYWebQdY_^]_TUDXUi
Q\c_S_^db_\c_]U_dXUbXQbTgQbUbU\QdUTVe^SdY_^c
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!(
! EXST^R^\_T]bPcX^]R^]UXVdaPcX^]\^STbTTbTRcX^]!'
DXYc]_TUYcU^dUbUTRidi`Y^WdXUX_d[UiS_]RY^QdY_^cU\USdUTecY^WdXU_`dY_^
cgYdSXUc_^dXU[UiR_QbTQddQSXUTd_dXUHBbUSUYfUb?^SUgYdXY^fYTU_
S_]`U^cQdY_^S_^VYWebQdY_^]_TUi_eSQ^QTZecddXUfYTU_S_]`U^cQdY_^Q^T
cU\USd_dXUb_`dY_^cecY^WdXU[UiR_QbTDXUcU\USdUT_`dY_^cQbUcQfUTQ^Tcd_bUT
Y^dXUHBe^YdgXU^i_eUhYdS_]`U^cQdY_^S_^VYWebQdY_^]_TU
!%BTccX]VcWT^_cX^]bfXcRWTb
DXU_`dY_^cgYdSXUc_^dXUcYTU_VdXU<Y^Ti5hdU^TUbHBQ^TH<e^YdcQbUecUTd_
cU\USd_`UbQdY^W_`dY_^cDXUcgYdSXUcQbUS_^dY^e_ec\ibUQTRidXU<Y^Ti5hdU^TUb
Q^T]QiRUSXQ^WUTgXY\cddXU<Y^Ti5hdU^TUbYc`_gUbUT_^DXUTUVQe\dcUddY^W
Q\\cgYdSXUc?66YcceYdQR\UV_b]_cdY^cdQ\\QdY_^cDXUcgYdSXUcQbUcX_g^Y^
VYWebUc&Q^T'Q^TXQfUdXUV_\\_gY^WVe^SdY_^c
GAd]XcBfXcRWTb
c^$
BUcUbfUT°cUdd_?66`_cYdY_^
GAd]XcBfXcRWTb%c^'
DXUcUcgYdSXUccU\USddXUX_d[UiS_]RY^QdY_^cdXQdQbUbUS_W^YcUTRidXU<Y^Ti
5hdU^TUbDXUSX_cU^X_d[UiS_]RY^QdY_^cQbUecUTd_U^dUbS_]`U^cQdY_^
S_^VYWebQdY_^]_TU\_S[dXU<Y^Ti5hdU^TUbTYcQR\UdXU<Y^Ti5hdU^TUbµcfYTU_Q^T
cU\USdRUdgUU^\_SQ\Q^TbU]_dUS_]`edUbc_^dXU<Y^Ti5hdU^TUb@b_
G;d]Xc¯BfXcRW
DXYccgYdSX]QiRUecUTd_bUcUddXUH<e^YdgYdX_edTYcS_^^USdY^WdXU`_gUb9^dXU
?66`_cYdY_^dXU<Y^Ti5hdU^TUbgY\\_`UbQdU^_b]Q\\i9^dXU?>`_cYdY_^dXU<Y^Ti
5hdU^TUbgY\\cec`U^TQ\\_`UbQdY_^Q^TbUcUdYdcU\Vd_dXU`_gUb_VVS_^TYdY_^
3iS\Y^WdXUcgYdSXVb_]dXU?66`_cYdY_^d_dXU?>`_cYdY_^Q^TRQS[d_dXU?66
`_cYdY_^QWQY^gY\\`UbV_b]QbUcUdgYdX_edXQfY^Wd_TYcS_^^USddXU[UiR_QbT\UQT
Q^T`_gUb\UQT
G;d]XcBfXcRWTb!"#P]S%
BUcUbfUT°cUdd_?66`_cYdY_^
G;d]Xc¯BfXcRW$
9VdXYccgYdSXYccUdd_dXU?>`_cYdY_^dXU^dXUbU]_dUe^YdgY\\W_TYbUSd\iY^d_
S_]`U^cQdY_^S_^VYWebQdY_^]_TUQd`_gUb_^DXYcU^QR\UcQ`Qccg_bT\_S[UT
HBe^Ydd_RUbUcUdCUUcUSdY_^#)V_bVebdXUbTUdQY\c
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU!)
G;d]XcBfXcRWTb&P]S'
DXUcUcgYdSXUcXQfU^_Ve^SdY_^_^dXU<Y^Ti5hdU^TUb?^dXU<Y^Ti5hdU^TUb@b_
dXUcgYdSXUccU\USddXUdY]U_ed`UbY_TV_bcgYdSX_fUb_VS_]`edUbS_^db_\RUdgUU^
dXU\_SQ\H<Q^TbU]_dUHBe^YdcDXUdY]U_ed`UbY_TYcdXUTebQdY_^_V[UiR_QbT
Q^T]_ecUY^QSdYfYdidXQd]ecdRUTUdUSdUTRUV_bUdXU<Y^Ti5hdU^TUb@b_gY\\cgYdSX
S_^db_\RUdgUU^dXU\_SQ\H<Q^TbU]_dUHBecUbS_^c_\UDXU<Y^Ti5hdU^TUb
@b_Q\\_SQdUcS_^db_\_VdXUS_]`edUbd_dXUVYbcd[UiR_QbT]_ecUcUd\_SQ\H<_b
bU]_dUHBdXQdcU^Tc[UiR_QbT_b]_ecUTQdQDXU_dXUb[UiR_QbT]_ecUcUdYc
dXU^`bUfU^dUTVb_]QSSUccY^WdXUS_]`edUbe^dY\^_[UiR_QbT_b]_ecUTQdQXQc
RUU^bUSUYfUTV_bdXUdY]U_ed`UbY_T?^SUQdY]U_edXQc_SSebbUTUYdXUb[UiR_QbT
]_ecUcUd]QiQSSUccdXUS_]`edUb_^QVYbcdS_]UVYbcdcUbfUTRQcYc
5XVdaT%¯;X]Sh4gcT]STaGA^_cX^]bfXcRWTb]^a\P[P]S?a^\^ST[b
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU" 5XVdaT&¯;X]Sh4gcT]STaG;^_cX^]bfXcRWTb]^a\P[P]S?a^\^ST[b
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"!
!'BTccX]VcWTeXST^R^\_T]bPcX^]
DXU<Y^Ti5hdU^TUbY^S_b`_bQdUcVY^UfYTU_S_]`U^cQdY_^Q]`\YVYUbcd_]QhY]YcUdXU
`YSdebUaeQ\YdiV_bQ^iWYfU^\U^WdX_VdgYcdUT`QYbSQR\UGXU^i_eVYbcd`\eWY^i_eb
<Y^Ti5hdU^TUbi_egY\\`b_RQR\i^_dYSUdXQddXU`YSdebUQ``UQbcR\ebbUT_bTYcd_bdUT
_bT_Uc^_dQ``UQbQdQ\\DXU`YSdebUaeQ\YdiYc]QhY]YcUTRiQTZecdY^WdXUfYTU_
S_]`U^cQdY_^cUddY^WD_T_dXYcecUdXUV_\\_gY^W`b_SUTebU
BC4? I
5^dUbfYTU_S_]`U^cQdY_^]_TURi`bUccY^WdXU8?D;5ICd_WUdXUbgYdX
_^
dXU[UiR_QbTS_^^USdUTd_dXUHBbUSUYfUbe^YdDXU8?D;5ICQbUdX_cUdXQdgUbU
cUdecY^WdXU_`dY_^cgYdSXUc3DB<1<DRiTUVQe\d
6_bUhQ]`\UQcce]Y^WdXUTUVQe\dX_d[Uic`bUccdXUcU[Uicd_WUdXUb*
EDI
BC4?!
DXU<Y^Ti5hdU^TUbgY\\^_gRUY^S_]`U^cQdY_^QTZecd]U^d]_TUDXYcYcY^TYSQdUT
RidXU>E=31@CQ^TC3B?<<\_S[\YWXdc_^i_eb[UiR_QbTDXUcUgY\\V\QcXY^
cUaeU^SUQdQbQdUdXQdY^TYSQdUcdXU\UfU\_VS_]`U^cQdY_^*Qc\_gbQdU_VV\QcX
Y^TYSQdUcQS_]`U^cQdY_^cUddY^WceYdQR\UV_bcX_bd\U^WdXc_VdgYcdUT`QYbSQR\UQ^T
QVQcdbQdU_VV\QcXY^TYSQdUcQS_]`U^cQdY_^cUddY^WdXQdYcceYdQR\UV_b\_^W\U^WdXc
_VdgYcdUT`QYbSQR\U
J
@bUcc
<Y^Ti5hdU^TUb
d_cU\USd^_fYTU_S_]`U^cQdY_^
9^cdQ\\QdY_^Q^TEcU
@QWU""
I_ecX_e\T^_gcUUQ´VejjiµfYTU_`YSdebU_^i_eb]_^Yd_bS_^^USdUTd_dXUHB
bUSUYfUbe^Yd
BC4?"
I_e]Qi^_gecUdXUV_\\_gY^W[Uicd_cU\USddXUbUaeYbUTfYTU_S_]`U^cQdY_^
J
^
Z
`
\
CU\USdc^_fYTU_S_]`U^cQdY_^
9^SbUQcUcdXUfYTU_S_]`U^cQdY_^S_QbcUQTZecd]U^d
9^SbUQcUcdXUfYTU_S_]`U^cQdY_^VY^UQTZecd]U^d
4USbUQcUcdXUfYTU_S_]`U^cQdY_^S_QbcUQTZecd]U^d
4USbUQcUcdXUfYTU_S_]`U^cQdY_^VY^UQTZecd]U^d
FQbY_ec_dXUb[Uic]QiQ\c_RUecUTd_cU\USd_`UbQdY^W_`dY_^ccUUcUSdY_^"!
1ci_eSXQ^WUdXUfYTU_S_]`U^cQdY_^cUddY^Wi_egY\\cUUdXUcXQb`^Ucc_VdXU
`YSdebUSXQ^WUDXU<Y^Ti5hdU^TUbSQ\Se\QdUcdXUbUaeYbUTRbYWXd^UccQed_]QdYSQ\\i
I_egY\\^UUT]_bUfYTU_S_]`U^cQdY_^V_b\_^WUbdgYcdUT`QYbSQR\UTYcdQ^SUc
1TZecddXUfYTU_S_]`U^cQdY_^e^dY\i_eQSXYUfUdXURUcd`YSdebU9Vi_eQTTd__
]eSXS_]`U^cQdY_^dXU^dXU`YSdebU]QiRU\_cd9VdXYcXQ``U^cbUTeSUdXU
S_]`U^cQdY_^d_bUcd_bUdXU`YSdebU
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"#
DXURUcdS_]`U^cQdY_^cUddY^W]QiRUcUdecY^WdXUV_\\_gY^WdUSX^YaeU
•
@bUcc
^
e^dY\i_e_RcUbfUgXYdUdbQY\Y^WUTWUc_^dXUbYWXdXQ^TcYTU_V
R\QS[dUhd_bWbQ`XYSc
•
\
@bUccQ^TbU\UQcU
cUfUbQ\dY]Uce^dY\dXUgXYdUdbQY\Y^WUTWUcZecdTYcQ``UQb
BC4?#
I
@bUcc
d_UhYdVb_]S_]`U^cQdY_^]_TU
DXU<Y^Ti5hdU^TUbcQfUcdXUcU\USdUTfYTU_S_]`U^cQdY_^cUddY^WgXU^i_eUhYd
Vb_]S_]`U^cQdY_^]_TUDXYccUddY^WYcbUdQY^UTgYdXY^dXU<Y^Ti5hdU^TUbUfU^
gXU^dXU`_gUbYc_VVQ^Tc_e^\Ucci_eSXQ^WUdXUdgYcdUT`QYbSQR\Ui_egY\\^_d
^UUTd_bUQTZecddXUS_]`U^cQdY_^cUddY^WQWQY^
!(2^]UXVdaX]VdbTabT[TRcPQ[T^_cX^]b
DXU<Y^Ti5hdU^TUbce``_bdcQ^e]RUb_VecUbS_^VYWebQR\U_`dY_^cdXQdSXQ^WUdXU
TUdQY\UT_`UbQdY_^_VdXU<Y^Ti5hdU^TUbd_]QdSXdXUbUaeYbUTQ``\YSQdY_^DXUcU
]QiRUcU\USdUTgXY\cddXU<Y^Ti5hdU^TUbYcY^fYTU_S_]`U^cQdY_^S_^VYWebQdY_^
]_TUGXY\cdgYdXY^S_^VYWebQdY_^]_TUdXUfUbcY_^^e]RUb_VdXU<Y^Ti5hdU^TUbµc
VYb]gQbU]QiQ\c_RUaeUbYUT
I
D_U^dUbS_^VYWebQdY_^]_TU`bUccdXU8?D;5ICd_WUdXUbgYdX
_^dXU
[UiR_QbTS_^^USdUTd_dXUHBbUSUYfUbe^YdDXU8?D;5ICQbUdX_cUdXQdgUbUcUd
ecY^WdXU_`dY_^cgYdSXUc3DB<1<DRiTUVQe\d
6_bUhQ]`\UQcce]Y^WdXUTUVQe\dX_d[Uic`bUccdXUcU[Uicd_WUdXUb*
EDI
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"$
?`dY_^cQbUdXU^cUdRi`bUccY^WQ\UddUb[UiV_\\_gUTRiQ^e]RUb[UiV_\\_gUTRi
dXUB5DEB>[Ui6_bUhQ]`\Ud_cU\USdQ^BC"#"RQeTbQdU_V!"
ecUdXU
V_\\_gY^W*
GXY\cdgYdXY^S_^VYWebQdY_^]_TU`bUcc
%
I
DXU^e]SQ`cQ^TcSb_\\\_S[\YWXdcgY\\Y^TYSQdUS_bbUSdQSSU`dQ^SU_VdXUS_]]Q^T
QcV_\\_gc*
•
9^S_]`U^cQdY_^S_^VYWebQdY_^dXU^e]SQ`cQ^TcSb_\\\_S[\YWXdcgY\\V\QcXY^
cUaeU^SU
•
1VdUb`bUccY^WdXUVYbcd[Ui_VQS_]]Q^TcUaeU^SUdXU^e]SQ`cQ^TcSb_\\
\_S[\YWXdcgY\\Q\\RUY\\e]Y^QdUT
•
1VdUb`bUccY^WdXUcUS_^T[Ui_VQS_]]Q^TcUaeU^SUdXU^e]Q^TSQ`c\_S[
\YWXdcgY\\RU_^Q^TdXUcSb_\\\_S[\YWXdgY\\RU_VV
•
1VdUb`bUccY^WB5DEB>dXUS_]]Q^TgY\\XQfURUU^QSSU`dUTQ^TdXU^e]
SQ`cQ^TcSb_\\\_S[\YWXdcgY\\W_RQS[d_V\QcXY^WY^cUaeU^SU
GXU^i_eXQfUVY^YcXUTcU\USdY^W_`dY_^cbUdeb^d_^_b]Q\_`UbQdY_^Ri`bUccY^W
I
! Bd\\Pah^U;X]Sh4gcT]STaR^]UXVdaPcX^]^_cX^]b
6e\\TUdQY\c_VUQSX_VdXUS_^VYWebQdY_^_`dY_^cQ^TdXUYbecUcQbUWYfU^Y^cUSdY_^$
% I
CUdBC"#"RQeTbQdUd_!"
TUVQe\dcUUcUSdY_^$!
CUdBC"#"RQeTbQdUd_)&
% I
) I
AeUbi<Y^Ti5hdU^TUbVYb]gQbUfUbcY_^cUUcUSdY_^#!
) I
BUcUdcQ\\ecUbS_^VYWebQR\U_`dY_^cd_dXUTUVQe\dcdQdUcUU$#
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"%
+ I
=_ecUS_]`QdYR\UBC"#"`b_d_S_\TUVQe\d°_fUbbYTUcQ\\_dXUb
BC"#"cUddY^WccUUcUSdY_^$!
+ I
BC"#"`b_d_S_\ecUcXQbTgQbUXQ^TcXQ[Y^W
+ I
BC"#"`b_d_S_\ecUc^_XQ^TcXQ[Y^W!"
RQeT]Qh
0 I
<Y^Ti5hdU^TUb@b_SXQ^^U\cQbU^_dcgYdSXQR\URiQ#Redd_^
]_ecU_b9^dU\\Y=_ecUTUVQe\dcUUcUSdY_^$"
0 I
<Y^Ti5hdU^TUb@b_SXQ^^U\cQbUcgYdSXQR\URiQ#Redd_^]_ecU
_b9^dU\\Y=_ecUcUUcUSdY_^$"
0 I
BUcUd]_ecUVe^SdY_^cUUcUSdY_^"!"
0 I
BUcUd9^dU\\Y=_ecUVe^SdY_^cUUcUSdY_^"!"
3I
I
j?0BBF>A3l
°CUdcQcUSebYdi`Qccg_bTcUUcUSdY_^#)
3I I
°3\UQbcdXUcUSebYdi`Qccg_bTcUUcUSdY_^#)
6 I
BC"#"`b_d_S_\ecUc!cd_`RYdcUUcUSdY_^$!
6 I
BC"#"`b_d_S_\ecUc"cd_`RYdcTUVQe\d
6 I
BC"#"`b_d_S_\ecUc^_`QbYdiTUVQe\dcUUcUSdY_^$!
6 I
BC"#"`b_d_S_\ecUcUfU^`QbYdi
6 I
BC"#"`b_d_S_\ecUc_TT`QbYdi
6 I
BC"#"`b_d_S_\ecUc'RYdc`UbSXQbQSdUbTUVQe\dcUU$!
6 I
BC"#"`b_d_S_\ecUc(RYdc`UbSXQbQSdUb
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"&
!
>cWTadbTUd[X]bcP[[PcX^]X]U^a\PcX^]
?2Q^^cd_bT`dT]RTGXU^i_eb@3cQbU`_gUbUT_^dXUiS_]]e^YSQdUgYdX
Q^iQddQSXUT[UiR_QbTcQ^T]YSUQ^TcUde``QbQ]UdUbcbUaeYbUTRidXU`QbdYSe\Qb
_`UbQdY^WcicdU]9dYc^USUccQbiV_bdXU<Y^Ti5hdU^TUbd_RUQddQSXUTQ^T`_gUbUT
_^TebY^WdXYccUaeU^SUc_dXQdYdSQ^WYfUdXUbUaeYbUTbUc`_^cUcQ^T[UU`dbQS[_V
Q\\dXU]_TUcQ^TcUddY^WcbUaeUcdUTRiUQSX_VdXUS_^^USdUT@3c
<^dbTRWPaPRcTaXbcXRbT_^_de^`\eWQ@C"]_ecUS_^^USdY_^Vb_]Q@3gXY\cd
dXU@3Yc_^4eUd_dXUTUcYW^_V@C"]YSUS_]]e^YSQdY_^cdXU]_ecUVe^SdY_^_^
dXU@3gY\\RU\_cdQ^Ti_egY\\XQfUd_bUR__ddXU@3d_bUWQY^^_b]Q\_`UbQdY_^
E^`\eWWY^WdXU]_ecUVb_]dXU<Y^Ti5hdU^TUbgY\\Q\c_SQecUYdd_cd_`_`UbQdY^W
gXU^YdYc`\eWWUTRQS[Y^BC"#"]YSUSQ^eceQ\\iRUe^`\eWWUTQ^T`\eWWUTRQS[
Y^`b_fYTUTdXQdQ]_ecUgQcS_^^USdUTgXU^dXU_`UbQdY^WcicdU]Y^YdYQ\\iR__dUT
:ThQ^PaSP]S\^dbT\^STbfXcRWX]VDXU<Y^Ti5hdU^TUb[UU`cQ\_W_VdXU
[UiR_QbTQ^T]_ecU]_TUQ^TbUc_\edY_^cUddY^WcbUaeUcdUTRidXUS_^^USdUT
@3cDXUcUcUddY^WcQbUQed_]QdYSQ\\iS_]]e^YSQdUTd_dXU[UiR_QbTQ^T]_ecU
QcbUaeYbUTd_U^cebU]QhY]e]c_VdgQbUS_]`QdYRY\YdiDXU[UiR_QbT^e]SQ`c
Q^TcSb_\\\_S[cdQdUcQbUQ^_RfY_ecUhQ]`\U_VdXYc`b_SUcc
! !7^c_[dVVX]VcWT;X]Sh4gcT]STaX]c^ad]]X]VbhbcT\bP]SaT
T]PQ[X]VSXbR^]]TRcTS2?D?B!\^dbTR^]]TRcX^]b
9dYcQTfYcUQR\Ud_cgYdSX_VVdXUcicdU]cdXQdQbUW_Y^Wd_RUS_^^USdUTd_dXU<Y^Ti
5hdU^TUbRUV_bUY^cdQ\\QdY_^8_gUfUbYVdXYcYc^_d`_ccYR\UdXU^]_cdcicdU]cSQ^
RUX_d`\eWWUTRiecY^WdXU<Y^Ti5hdU^TUbµc]_ecUbUcd_bQdY_^Ve^SdY_^cDXU
[UiR_QbTS_^^USdY_^gY\\^_b]Q\\ibUcd_bUYdcU\VQed_]QdYSQ\\i
?^]Q^i@3c]_ecU]_fU]U^dgY\\RU\_cdYVdXU@C"]_ecUYce^`\eWWUTQ^T
`\eWWUTRQS[Y^gXY\cddXU@3Ycbe^^Y^W=_ecU]_fU]U^dSQ^dXU^_^\iRU
bUcd_bUTRibUR__dY^WdXU@3DXYcYcRUSQecUdXU]_ecUTbYfUbc_^\icUde`Q^T
U^QR\UdXU]_ecUgXU^dXU@3YcY^YdYQ\\iR__dUT
9Vi_eXQfUcgYdSXUT_VVi_eb<Y^Ti5hdU^TUb_bi_eQbUQddU]`dY^Wd_´X_d`\eWµYdY^d_
QcicdU]dXQdYcQ\bUQTibe^^Y^Wi_e]QiRUQR\Ud_bUcd_bU\_cd]_ecU]_fU]U^d
ecY^WdXU<Y^Ti5hdU^TUbc]_ecUbUcd_bQdY_^Ve^SdY_^c
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"'
<^dbTaTbc^aPcX^]Ud]RcX^]bbW^d[SQTdbTSfXcWRPaTPbd]_aTSXRcPQ[T
aTbd[cb\Ph^RRdaXUcWTfa^]V\^dbTch_TXbbT[TRcTS8UX]S^dQcaTbc^aTcWT
\^dbTQh_^fTaX]VS^f]cWT?2]^a\P[[h
CdQ^TQbT@C"]_ecUTQdQecUcQTYVVUbU^dTQdQV_b]Qdd_9^dU\\Y=_ecUTQdQQ^Tc_
dg_bUcUdVe^SdY_^cQbU`b_fYTUT_^dXU<Y^Ti5hdU^TUbDXUdi`U_VTQdQV_b]Qd
Uh`USdUTRidXU@3TU`U^Tce`_^dXUTbYfUbQ^TdXUdi`U_V]_ecUdXQdgQc
S_^^USdUTgXU^dXUTbYfUbgQcR__dUTDXUV_\\_gY^WdQR\U]QiRUecUTQcQWeYTU
>_dUdXQddXU]_ecUbUcUdVe^SdY_^c`bUTYSddXU\Y[U\i]_ecUbUc_\edY_^cUddY^WcRed
]Qi^_dbUcd_bUdXUc`UUT_bcU^cYdYfYdi_VdXU]_ecUUhQSd\iQcdXUigUbUgXU^dXU
@3_bYWY^Q\\iR__dUT
Ch_T^U\^dbTbhbcT\
3aXeTach_T
;XZT[hTg_TRcTS
BdVVTbcTS
2^]]TRcTSPcQ^^cd_
SPcPU^a\Pc aTbc^aPcX^]
@C"
@C"_^\i
@C"
6%
@C"
9^dU\\Y=_ecU
@C"
6%
9^dU\\Y=_ecU3@ECgYdSX
@C"_^\i
@C"
6%
9^dU\\Y=_ecU3@ECgYdSX
9^dU\\Y=_ecU
9^dU\\Y=_ecU 6&
D_bUcd_bU\_cd]_ecU]_fU]U^d_^Q3@ES_^^USdUTd_dXU<Y^Ti5hdU^TUb*
! 5^cebUdXQddXUfYTU_`YSdebU_VdXU3@EdXQdXQc\_cdYdc]_ecU]_fU]U^dYc
TYc`\QiUT_^dXU]_^Yd_bS_^^USdUTd_dXUHBe^Yd
" 5^dUbdXUS_^VYWebQdY_^]_TURi`bUccY^W´8?D;5ICµQ^TB5DEB>_^dXU
[UiR_QbTS_^^USdUTd_dXUHBe^Yd6_bUhQ]`\U*
ED I
# D_bUcd_bUQ@C"]_ecUS_^^USdY_^`bUcc
0I
?bd_bUcd_bUQ^9^dU\\Y=_ecUS_^^USdY_^`bUcc
0I
$5hYdVb_]S_^VYWebU]_TURidi`Y^W I
% DUcddXU]_ecU]_fU]U^dRi]_fY^WdXU]_ecUQcX_bdTYcdQ^SU
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU"(
"DbX]VcWT;X]Sh4gcT]STa
DXYccUSdY_^Uh`\QY^cdXUWU^UbQ\_`UbQdY_^_VdXU<Y^Ti5hdU^TUbGUbUS_]]U^T
dXQdi_ebUQTdXYccUSdY_^RUV_bUcdQbdY^Wd_ecUdXU`b_TeSd
" ?^fTa^]bcPcdb
DXU<Y^Ti5hdU^TUbYcbUQTiV_becUQcc__^QcdXUHBbUSUYfUbQ^TH<dbQ^c]YddUb
XQfURUU^`_gUbUT_^BU]U]RUbdXQddXUH<dbQ^c]YddUbeceQ\\iTbQgcYdc`_gUb
Vb_]dXUS_]`edUbfYQdXU[UiR_QbTSQR\UQ^TdXUHBe^YdTbQgcYdc`_gUbV_b]dXU
ce``\YUT`_gUbQTQ`dUb
9VQcUSebYdi`Qccg_bTXQc^_dRUU^cUddXU^dXU<Y^Ti5hdU^TUbHBe^YdgY\\`_gUb
_^Q^TY]]UTYQdU\iUcdQR\YcXQ\Y^[d_dXUbU]_dUS_]`edUbQddQSXUTd_dXUH<e^Yd
?^dXU<Y^Ti5hdU^TUbdXYcYcY^TYSQdUTRidXUQSdYfYdi\YWXdY\\e]Y^QdY^WQ^T_^dXU
<Y^Ti5hdU^TUb@b_dXYcYcY^TYSQdUTRidXUbU]_dU!\YWXdY\\e]Y^QdY^W
9VQcUSebYdi`Qccg_bTXQcRUU^cUddXU^dXU<Y^Ti5hdU^TUbHBe^YdgY\\_^\i
Y\\e]Y^QdUdXU`_gUb\YWXd_^dXUHBe^YdQ^TgY\\^_dTYc`\QiQ^ifYTU_DXU<Y^Ti
5hdU^TUbgY\\Y^TYSQdUdXQdYdYcgQYdY^WV_bQ`Qccg_bTd_RUU^dUbUTRiQ\dUb^QdU\i
Y\\e]Y^QdY^WdXU^e]Q^TcSb_\\\_S[\YWXdcQ^TdXU^dXUSQ`c\_S[\YWXd_^dXU
[UiR_QbTQddQSXUTd_dXUHBbUSUYfUbe^Yd
DXU<Y^Ti5hdU^TUbH<e^YdTbQgcYdc`_gUbVb_]dXUQddQSXUT3@EfYQdXU[UiR_QbT
SQR\UDXUWbUU^`_gUb\YWXdS_^VYb]cdXQddXUbUYcceVVYSYU^d`_gUbQfQY\QR\U9VdXU
`_gUb\YWXdV\QcXUc_bYc_VVS_^dY^e_ec\idXU^dXUbUYc^_dceVVYSYU^d`_gUbQfQY\QR\U
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU")
"!;X]Sh4gcT]STaX]SXRPc^a[XVWcb
DXU<Y^Ti5hdU^TUbY^TYSQd_b\YWXdcXQfUdXUV_\\_gY^W]UQ^Y^W
;X]Sh4gcT]STaG;
8]SXRPc^a
2^[^da
BcPcdb
<TP]X]V
@?G5B
7bUU^
?>
<Y^Ti5hdU^TUbYc_^Q^TdXUbUYcceVVYSYU^d
`_gUbQfQY\QR\U
?66
<Y^Ti5hdU^TUbYc_VVQ^TceVVYSYU^d`_gUbYc^_d
QfQY\QR\U
6<1C89>79^ceVVYSYU^d`_gUbYcQfQY\QR\U]QbWY^Q\
13D9F9DI
BUT
?>
;UiR_QbT_b]_ecUTQdQYcRUY^WbUSUYfUT
Vb_]dXUHBe^Yd
?66
>_[UiR_QbT_b]_ecUTQdQYcRUY^W
BUSUYfUTVb_]dXUHBe^Yd
<9>;
?bQ^WU
?>
DXUH<e^YdYcS_^^USdUTd_Q^HBe^Yd
?66
DXUH<e^YdYc^_dS_^^USdUTd_Q^HBe^Yd
`_gUb
;X]Sh4gcT]STaGA
8]SXRPc^a
2^[^da
BcPcdb
<TP]X]V
@?G5B
7bUU^
?>
<Y^Ti5hdU^TUbYc_^
?66
<Y^Ti5hdU^TUbYc_VV
BUT
?>
DXU<Y^Ti5hdU^TUbYc^_d\_S[UTQ^T^_
[UiR_QbT_b]_ecUTQdQYcRUY^WbUSUYfUT
6<1C89>7DXU<Y^Ti5hdU^TUbYc^_d\_S[UTQ^T[UiR_QbT
?66
DXU<Y^Ti5hdU^TUbYc\_S[UT_bTYcQR\UT
<9>;
?bQ^WU
?>
DXUHBe^YdYcS_^^USdUTd_Q^H<e^Yd
?66
DXUHBe^YdYc^_dS_^^USdUTd_Q^H<e^Yd
13D9F9DI
_b]_ecUTQdQYcRUY^WbUSUYfUT
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU# ;X]Sh4gcT]STa6^[SG;
8]SXRPc^a
2^[^da
BcPcdb
<TP]X]V
@?G5B
7bUU^
?>
<Y^Ti5hdU^TUbYc_^Q^TdXUbUYcceVVYSYU^d
`_gUbQfQY\QR\U
?66
<Y^Ti5hdU^TUbYc_VVQ^TceVVYSYU^d`_gUbYc^_d
QfQY\QR\U
6<1C89>79^ceVVYSYU^d`_gUbYcQfQY\QR\U]QbWY^Q\
`_gUb
B5=?D51 BUT
?>
;UiR_QbT_b]_ecUTQdQXQcRUU^bUSUYfUT
Vb_]dXUHBe^YdQ^TdXU[UiR_QbTQ^T]_ecU
QddQSXUTd_dXUHBe^YdXQfUS_^db_\_VdXU@3
?66
DXU[UiR_QbTQ^T]_ecUQddQSXUTd_dXUHB
e^YdT_^_dXQfUS_^db_\_VdXU@3
BUT
?>
;UiR_QbT_b]_ecUTQdQXQcRUU^bUSUYfUT
Vb_]dXU[UiR_QbTQ^T]_ecUQddQSXUTd_dXUH<
e^YdgXYSXSebbU^d\iXQfUS_^db_\_VdXU@3
<?31<2
?66
DXU[UiR_QbTQ^T]_ecUQddQSXUTd_dXUH<
e^YdT_^_dXQfUS_^db_\_VdXU@3
;X]Sh4gcT]STa?a^GA
8]SXRPc^a
2^[^da
BcPcdb
<TP]X]V
@?G5B
7bUU^
?>
<Y^Ti5hdU^TUbYc_^
?66
<Y^Ti5hdU^TUbYc_VV
B5=?D5!
BUT
?>
BU]_dU@3QddQSXUTd_H<e^YdYccU\USdUT
?66
BU]_dU@3QddQSXUTd_H<e^YdYc^_dcU\USdUT
6<1C89>7BU]_dU@3YccU\USdUTQ^T[UiR_QbT]_ecU
<?31<"
BUT
?>
<_SQ\@3QddQSXUTd_HBe^YdYccU\USdUT
?66
<_SQ\@3QddQSXUTd_HBe^YdYc^_dcU\USdUT
6<1C89>7<_SQ\@3YccU\USdUTQ^T[UiR_QbT]_ecU
TQdQYVRUY^WbUSUYfUT
<Y^Ti5hdU^TUb
TQdQYVRUY^WbUSUYfUT
9^cdQ\\QdY_^Q^TEcU
@QWU#!
"":ThQ^PaS=D<20?BP]SB2A>;;[^RZX]SXRPc^ab
DXU<Y^Ti5hdU^TUbecUcdXU[UiR_QbT>E=31@CQ^TC3B?<<\_S[\YWXdcd_
Y^TYSQdUfQbY_ec_`UbQdY^WS_^TYdY_^cQcV_\\_gc*
=D<20?BP]SB2A>;;[^RZ[XVWcbU[PbWX]bT`dT]RT
DXU<Y^Ti5hdU^TUbV\QcXUcdXU>E=31@CQ^TC3B?<<\_S[\YWXdcY^cUaeU^SU
_^dXU[UiR_QbTS_^^USdUTd_dXUHBe^Ydd_Y^TYSQdUdXQddXU<Y^Ti5hdU^TUbYcY^
fYTU_S_]`U^cQdY_^S_^VYWebQdY_^]_TUDXU>E=\_S[\YWXdS_]Uc_^VYbcdgYdX
31@CQ^TC3B?<<_VVDXU^dXU31@C\_S[S_]Uc_^gYdX>E=Q^TC3B?<<_VV
Q^TVY^Q\\idXUC3B?<<\_S[S_]Uc_^gYdX>E=Q^T31@C_VVDXUbQdU_VV\QcXY^W
Y^TYSQdUcdXU\UfU\_VfYTU_S_]`U^cQdY_^Q``\YUTRidXUfYTU_S_]`U^cQdY_^
Q]`\YVYUbc1c\_gV\QcXbQdUY^TYSQdUcQc]Q\\Q]_e^d_VS_]`U^cQdY_^cX_bddgYcdUT
`QYbSQR\UTYcdQ^SU1VQcdV\QcXbQdUY^TYSQdUcQWbUQdUb\UfU\_VfYTU_
S_]`U^cQdY_^V_b\_^WUbSQR\Uc
=D<20?BP]SB2A>;;[^RZ[XVWcbU[PbWc^VTcWTa
DXU<Y^Ti5hdU^TUb@b_V\QcXUcdXU>E=31@CQ^TC3B?<<\_S[\YWXdd_WUdXUb_^
dXU[UiR_QbTQddQSXUTd_dXUH<e^Yd_bdXU[UiR_QbTQddQSXUTd_dXUHBe^Ydd_
Y^TYSQdUdXQddXU_dXUb[UiR_QbTSebbU^d\iXQcS_^db_\_VdXUS_]`edUbS_^^USdUTd_
dXUH<e^YdDXUcU\YWXdcgY\\cd_`V\QcXY^WgXU^QdY]U_edXQc_SSebbUTQ^TdXU
S_]`edUbS_^^USdUTd_dXUH<e^YdYcVbUUV_becURiUYdXUb[UiR_QbT]_ecUcUd
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#"
=D<P]SB2A>;;[^RZU[PbWP[cTa]PcT[hfXcW20?B[^RZ
DXU<Y^Ti5hdU^TUbQ\dUb^QdU\iV\QcXUc>E=Q^TC3B?<<\_S[Q^TdXU^31@C\_S[
_^dXU[UiR_QbTQddQSXUTd_dXUHBe^Ydd_Y^TYSQdUdXQddXU<Y^Ti5hdU^TUbYc
SebbU^d\i\_S[UTQ^TYcQgQYdY^WQ`Qccg_bTd_RUU^dUbUTRidXUecUbd_e^\_S[dXU
<Y^Ti5hdU^TUb
"#:ThQ^PaSW^cZThR^]ca^[
<Y^Ti5hdU^TUbHBe^Yd]QiRUcUdd_bUc`_^Td_fQbY_ec[UiR_QbTX_d[Ui
S_]RY^QdY_^cDXUcU[UiR_QbTX_d[UicQbUcU\USdUTecY^WdXU_`dY_^cgYdSXUc_^
dXUcYTU_VdXU<Y^Ti5hdU^TUbHBe^YdcUUcUSdY_^"';UiR_QbTX_d[Uic]QiRU
ecUTd_cgYdSX_VVdXUfYTU_\_S[dXU<Y^Ti5hdU^TUbQ^TU^dUbfYTU_S_]`U^cQdY_^
S_^VYWebQdY_^]_TU?^dXU<Y^Ti5hdU^TUb@b_dXU[UiR_QbTX_d[UicQbUQ\c_ecUT
d_cU\USdRUdgUU^dXUbU]_dU!Q^T\_SQ\"S_]`edUbc
1\\_VdXUX_d[UiS_^db_\S_]]Q^TcQbUY^f_[UTRiX_\TY^WT_g^dXUdg_X_d[Uic
Q^TdXU^`bUccY^WQS_]]Q^T[Ui2iTUVQe\ddXUdg_X_d[UicQbU´3DB<µQ^T
´1<DµQ\dX_eWX_dXUbS_]RY^QdY_^cSQ^RUcU\USdUTRibUS_^VYWebY^WdXUX_d[Uic
cUUcUSdY_^"'?^SUdXUX_d[UiS_]]Q^TXQcRUU^QSdYfQdUTi_egY\\^UUTd_
bU\UQcUdXUX_d[UicQ^TdXUS_]]Q^T[UiRUV_bUQ^UgX_d[UiS_]]Q^TYc
QSSU`dUTRidXU<Y^Ti5hdU^TUb8?D;5IcD12YcQ^UhSU`dY_^Q^TdXYcQ\\_gc
i_ed_dQRdXb_eWXdXU`_bdcRiX_\TY^WT_g^dXUX_d[UicQ^TbU`UQdUT\i`bUccY^W
D12
DXUX_d[UiS_]]Q^TcQbUce]]QbYcUTRU\_g8<?>AC0=C=>C4)cWT]d\QTab
^]cWT]d\TaXRZTh_PSS^]^cU^a\_Pac^UPeP[XSW^cZTh)
³7>C:4Hb´P]S³´°cgYdSXUc_VVdXUfYTU_cYW^Q\Q^TQ\\dXUQcc_SYQdUTbUTcdQdec
\YWXdc_^dXUHBe^YdQ^TTYcS_^^USdcdXU[UiR_QbTQ^T]_ecUVb_]dXUS_]`edUb
dXQddXUiQbUSebbU^d\iS_^db_\\Y^WDXYcgY\\SQecUc_]U]_^Yd_bcd_W_Y^d_cdQ^TRi
]_TU_bcgYdSX_VVDXUfYTU_cYW^Q\SQ^RUbUU^QR\UTRicU\USdY^WQS_]`edUb
ecY^W´8?D;5IcµQ^T´D12µ_b´8?D;5IcµQ^T´!µ_b´8?D;5IcµQ^T´"µ_^dXU
<Y^Ti5hdU^TUb@b_
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU##
³7>C:4Hb´P]S³;´4YcS_^^USdcdXU<Y^Ti5hdU^TUbHBµc[UiR_QbTQ^T]_ecU
Vb_]dXUS_]`edUbdXQddXUiQbUS_^db_\\Y^WQ^TcgYdSXUc_VVQ\\dXUbUTcdQdec\YWXdc
DXUfYTU_cYW^Q\YccgYdSXUT_VV9VQ`Qccg_bTXQc^_dRUU^cUddXU^dXU<Y^Ti
5hdU^TUbSQ^RUbUU^QR\UTRicU\USdY^WQS_]`edUbecY^W´8?D;5IcµQ^T´D12µ_b
´8?D;5IcµQ^T´!µ_b´8?D;5IcµQ^T´"µ_^dXU<Y^Ti5hdU^TUb@b_9VQ`Qccg_bT
XQcRUU^cUddXU^dXU<Y^Ti5hdU^TUbgY\\Q\dUb^QdU\iV\QcXdXU>E=Q^TC3B?<<
Q^TdXU^dXU31@C\_S[\YWXdc_^dXU[UiR_QbTS_^^USdUTd_dXUHBe^YdDXYc
Y^TYSQdUcdXQdQfQ\YT`Qccg_bT]ecdRUU^dUbUTd_e^\_S[dXU<Y^Ti5hdU^TUb
CY]`\idi`UdXUcQ]U[UiS_]RY^QdY_^QcgQccUdTebY^WS_^VYWebQdY_^cUUcUSdY_^
#)V_\\_gUTRidXUB5DEB>[Ui>_dUYVQ^i_^UXQcdi`UTQddXU[UiR_QbTgXY\cd
Y^cUSebU]_TUYdgY\\RU^USUccQbid_di`UB5DEB>VYbcdd_S\UQbdXUY^fQ\YT
`Qccg_bTdXU^di`UdXUfQ\YT`Qccg_bTV_\\_gUTRiB5DEB>QWQY^
³7>C:4Hb´P]S³
´cU\USdcdXUbU]_dUS_]`edUbQddQSXUTd_dXUH<e^Yd
³7>C:4Hb´P]S³!´cU\USdcdXU\_SQ\S_]`edUbQddQSXUTd_dXUHBe^Yd<Y^Ti
5hdU^TUb@b__^\i
³7>C:4Hb´P]S³C01´°CU\USdcdXU^UhdS_]`edUbbU]_dU_b\_SQ\
³7>C:4Hb´P]SA4CDA=°5^dUbcfYTU_S_]`U^cQdY_^S_^VYWebQdY_^]_TU
5hQ]`\Uc_VS_]]_^X_d[UicUaeU^SUcQcce]Y^W3DB<1<DX_d[Ui_`dY_^*
D_\_S[dXU<Y^Ti5hdU^TUb
`bUcc
ED/
bU\UQcU
/ED
D_dQRdXb_eWXS_]`edUbc<Y^Ti5hdU^TUb@b_*
ED Y
Y Y
Y Y YED
`bUcc
bU\UQcU
bU\UQcU
`bUcc
`bUcc
bU\UQcU
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#$
"$4]cTaX]VP]STgXcX]VeXST^R^\_T]bPcX^]R^]UXVdaPcX^]\^ST
DXU<Y^Ti5hdU^TUbµcfYTU_S_]`U^cQdY_^Q^TecUbcU\USdQR\U_`dY_^cQ^TVe^SdY_^c
QbUQSSUccUTY^S_]`U^cQdY_^S_^VYWebQdY_^]_TUD_U^dUbdXYc]_TU`bUccdXU
cU\USdUTX_d[UiS_]RY^QdY_^d_WUdXUbgYdXdXUB5DEB>[UiQ^Td_UhYddXYc]_TU
`bUccdXUB5DEB>[UiQWQY^6_bUhQ]`\U*
D_U^dUbS_]`U^cQdY_^S_^VYWebQdY_^]_TU*
`bUcc
EDI
bU\UQcU
IED
D_UhYdS_]`U^cQdY_^S_^VYWebQdY_^]_TU*
`bUcc
I
bU\UQcU
I
"%<^dbTR^]ca^[
?^dXU<Y^Ti5hdU^TUb@b_HBe^YddXUS_]`edUbcSQ^S_^fU^YU^d\iRUcU\USdUT
ecY^WQdXbUURedd_^]_ecU_b9^dU\\Y=_ecU9^_bTUbd_cgYdSXd_dXU_dXUbS_]`edUb
cY]`\iX_\TT_g^dXUSU^dbQ\]_ecURedd_^_bgXUU\Redd_^Q^TS\YS[_^dXU\UVdXQ^T
]_ecURedd_^DXU_dXUbS_]`edUbgY\\dXU^RUcU\USdUT9^_bTUbd_ecUdXYcVUQdebU
i_e]ecdU^QR\UYdecY^WdXU="_`dY_^Y^S_^VYWebQdY_^]_TUcUUcUSdY_^$"
"&BcTaT^PdSX^bd__^ac^]cWT;X]Sh4gcT]STa?a^
I_e]QiS_^^USdcdUbU_c`UQ[Ubcd_R_dXdXU<Y^Ti5hdU^TUb@b_H<e^YdQ^TdXU
<Y^Ti5hdU^TUb@b_HBe^Yd1eTY_Vb_]dXUS_]`edUbS_^^USdUTd_dXUH<e^YdYc
Rb_QTSQcdUTd_dXUc`UQ[UbcQddQSXUTd_dXUH<e^YdQ^Td_dXUHBe^YdDXU
c`UQ[Ubc_^dXUHBe^YdgY\\_ed`eddXUQeTY_cYW^Q\Vb_]dXUH<e^YdYVdXUbU]_dU
S_]`edUb!YccU\USdUT_bdXUQeTY_Vb_]dXUS_]`edUbS_^^USdUTd_dXUHBe^YdYV
dXU\_SQ\S_]`edUb"YccU\USdUT
DXU<Y^Ti5hdU^TUbdbQ^cVUbcdXUQeTY_c`UQ[UbcYW^Q\cRUdgUU^dXUH<Q^THB
e^YdcRi]e\dY`\UhY^WdXUQeTY_cYW^Q\c_^d_dXUfYTU_cYW^Q\c1c]Q\\TUWbUU_V
QeTY_^_YcUYcY^db_TeSUTRidXYc`b_SUccDXUUVVUSd_VdXYc^_YcU]QiRUbUTeSUTRi
dXUV_\\_gY^WQSdY_^c*
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#%
•
CUddXUc`UQ[Ub_ed`edf_\e]U_^dXU@3S_^^USdUTd_dXUH<e^Ydd_dXUXYWXUcd
cUddY^WQfQY\QR\U
•
•
1TZecdc`UQ[Ubf_\e]US_^db_\[^_RQgQiVb_]dXU]QhY]e]cUddY^W
4_^_dR__cddXUQeTY_21CCcYW^Q\YVdXYcSQ^RUQf_YTUT
DXU<Y^Ti5hdU^TUbYcTUcYW^UTd_SQbbiQeTY_cYW^Q\cgYdXQ]QhY]e]`UQ[d_`UQ[
f_\dQWU_V%f_\dcDXYcYcceYdQR\UV_b]_cd@3QeTY__ed`edc9Vi_eQbUcU^TY^W
QeTY_gYdXQXYWXUb`UQ[d_`UQ[fQ\eUdXQ^%f_\dcdXYc]QiQVVUSddXUfYTU_`YSdebU
SQecY^WdU]`_bQbi\_cc_VdXU`YSdebUTebY^W`UQ[QeTY__ed`ed9Vi_eQbU
dbQ^cVUbbY^WceSXQ^QeTY_cYW^Q\dXU^bUTeSUdXU@3µc]QhY]e]_ed`edf_\e]U
cUddY^We^dY\dXU`YSdebUbU]QY^cVe\\icdQR\U
"'<XRa^_W^]Tbd__^ac^]cWT;X]Sh4gcT]STa?a^
I_e]QiS_^^USdQ]YSb_`X_^Ud_R_dXdXU<Y^Ti5hdU^TUb@b_H<e^YdQ^TdXU
<Y^Ti5hdU^TUb@b_HBe^YdDXUS_]`edUbQddQSXUTd_dXUH<e^YdgY\\dQ[UYdc
]YSb_`X_^UY^`edVb_]dXU\QcdQSdYfUecUb`_bdC_YVdXU[UiR_QbTQ^T]_ecU_^
dXUHBe^YdgUbU\QcdecUTd_S_^db_\dXUS_]`edUbdXU^dXU]YSb_`X_^UcYW^Q\gY\\
RUdQ[U^Vb_]dXUHBe^Yd1\dUb^QdYfU\iYVdXU[UiR_QbTQ^T]_ecUS_^^USdUTd_dXU
H<e^YdgUbUdXU\Qcdd_S_^db_\dXUS_]`edUbdXU^dXU]YSb_`X_^UcYW^Q\gY\\S_]U
Vb_]dXU]YSb_`X_^UQddQSXUTd_dXUH<e^Yd
9VdXU\_SQ\S_]`edUb"YccU\USdUT_^dXUHBe^YddXU^QcUh`USdUTYdc]YSb_`X_^U
cYW^Q\gY\\RUdQ[U^Vb_]dXU]YSb_`X_^UQddQSXUTd_dXUHBe^Yd
DXU<Y^Ti5hdU^TUbdbQ^cVUbcdXUQeTY_]YSb_`X_^UcYW^Q\cRUdgUU^dXUHBQ^TH<
e^YdcRi]e\dY`\UhY^WdXUQeTY_cYW^Q\c_^d_dXUfYTU_cYW^Q\c1TUWbUU_VQeTY_
^_YcUYcY^db_TeSUTRidXYc`b_SUccDXUUVVUSd_VdXYc^_YcU]QiRUbUTeSUTRi
cUddY^WdXU]YSb_`X_^UQeTY_Y^`edf_\e]U_^dXU@3S_^^USdUTd_dXUH<e^Ydd_dXU
\_gUcd`bQSdYSQ\cUddY^W
"(BTccX]VP]SdbX]VcWTbTRdaXch_Pbbf^aS
DXUbUQbU]Q^icYdeQdY_^cgXUbUe^bUcdbYSdUTQSSUccd_S_]`edUbc_bcU^cYdYfU
Y^V_b]QdY_^^UUTcd_RUS_^db_\\UT9^ceSXSYbSe]cdQ^SUcdXU<Y^Ti5hdU^TUbH<
e^Yd]QiRU\_S[UTQgQiY^Qb__]_bcUSebUSQRY^UdQ^TdXUS_]`edUb]QiRU
S_^db_\\UTbU]_dU\iVb_]dXUHBe^Yd
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#&
DXU<Y^Ti5hdU^TUbY^S_b`_bQdUcQcUSebYdi`Qccg_bTcicdU]dXQdU^QR\UcdXUHB
e^Ydd_RU\_S[UTc_dXQddXUcUSebUS_]`edUbSQ^^_dRUS_^db_\\UT?^SUQ
`Qccg_bTXQcRUU^cUddXU<Y^Ti5hdU^TUbHBe^Yd]QiRUTYcQR\UTRi`bUccY^WdXU
X_d[Uicd_WUdXUbgYdXdXU<\_S[[UiDXUHBe^Yd]Qi_^\idXU^RUe^\_S[UTRi
U^dUbY^WdXU`Qccg_bT6_bUhQ]`\UYVdXUX_d[UicQbUcUdd_3DB<Q^T1<DdXU^
`bUccY^WdXUV_\\_gY^W[UiS_]RY^QdY_^g_e\TSQecUdXU<Y^Ti5hdU^TUbHBe^Ydd_
\_S[
ED/
GXU^dXUHBe^YdYc\_S[UTdXUfYTU_YccgYdSXUT_VVQ^TdXU[UiR_QbTQ^T]_ecU
QbUTYcS_^^USdUTVb_]dXUS_]`edUb<_S[Y^WdXUHBe^YdT_Uc^_dQVVUSddXU
_`UbQdY_^_VdXUH<e^Yd
D_e^\_S[dXU<Y^Ti5hdU^TUbHBe^YdU^dUbdXU`Qccg_bTV_\\_gUTRidXUB5DEB>
[UiUW*
3$66:25'I
>?D5DXU`Qccg_bTS_^cYcdc_VQS_]RY^QdY_^_V[Uicdb_[UcbQdXUb\Y[UdXUS_TU
d_QcQVUDXU[Uicdb_[UcQbU^_dSQcUcU^cYdYfUQ^TSQ^Y^S\eTUQ\\dXU[Uic_^dXU
[UiR_QbTUhSU`dSdb\Q\dcXYVdQ^TU^dUb3_^cUaeU^d\idXUV_\\_gY^W`Qccg_bT
g_e\TRUfQ\YT*
R)5(' J
D_cUddXU`Qccg_bTU^dUbS_^VYWebQdY_^]_TURidi`Y^W´8?D;5ICµQ^TB5DEB>
_^dXU[UiR_QbTQddQSXUTd_dXUHBe^YdcUUcUSdY_^#%GXU^Y^S_^VYWebU]_TU
di`U´@µdXU^B5DEB>>_gU^dUbdXU`Qccg_bTgXYSX]QiRUe`d_$
SXQbQSdUbc
DXU`Qccg_bTYc^_dSQcUcU^cYdYfUQ^TSQ^RUQ^iS_]RY^QdY_^_V[Uicdb_[Uc
Y^S\eTY^WdXUVe^SdY_^[UicRedUhS\eTY^WdXU3DB<1<DC896DQ^TB5DEB>
[UicGXU^i_eXQfUdi`UTY^i_eb`Qccg_bTdi`UB5DEB>d_bUWYcdUbYdY^dXU
cd_bUT]U]_bi4_^_dg_bbiYVi_edi`UdXU`Qccg_bTY^S_bbUSd\ii_eSQ^Q\gQic
bUU^dUbS_^VYWebU]_TUQ^TcUddXU`Qccg_bTQWQY^
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#'
6_bUhQ]`\Ud_U^dUb?@5>E@QcdXU`Qccg_bTdi`UdXUV_\\_gY^WgXY\cdY^
S_^VYWebQdY_^]_TU*
3I23(183I
FWPcc^S^XUh^da;X]Sh4gcT]STaXb[^RZTSP]Sh^dWPeT[^bc^aU^aV^ccT]cWT
_Pbbf^aS
9Vi_eb<Y^Ti5hdU^TUbYc\_S[UTQ^Ti_eXQfU\_cd_bV_bW_ddU^dXU`Qccg_bTdXU^
i_e]QiS\UQbdXU`Qccg_bTYVi_eXQfUQSSUccd_dXUH<e^YdD_S\UQbdXU
`Qccg_bT`_gUbT_g^dXUHBe^YdQ^TcgYdSX_`dY_^cgYdSX%_^dXUH<e^Ydd_dXU
_^`_cYdY_^cUUcUSdY_^"'GXU^i_e^Uhd`_gUb_^dXUHBe^YdYdgY\\W_cdbQYWXd
Y^d_S_^VYWebQdY_^]_TUQ\\_gY^Wi_ed_S\UQb_bSXQ^WUdXU`Qccg_bTI_egY\\dXU^
^UUTd_cUd_`dY_^cgYdSX%_^dXUH<e^YdRQS[d_YdcTUVQe\d_VV`_cYdY_^_bdXUHB
e^YdgY\\W_Y^d_S_^VYWebQdY_^]_TUUfUbidY]UdXQdi_ecgYdSXYd_^
" @dTahX]VcWT;X]Sh4gcT]STa´bUXa\fPaTeTabX^]
6_bdUSX^YSQ\ce``_bd`eb`_cUcYdYcc_]UdY]UcecUVe\d_[^_gdXUVYb]gQbUfUbcY_^
_VdXU<Y^Ti5hdU^TUbDXU<Y^Ti5hdU^TUbSQ^bU`_bdYdcVYb]gQbUfUbcY_^ecY^WQ
S_^VYWebQdY_^]_TUVe^SdY_^
D_VY^TdXUVYb]gQbUfUbcY_^_Vi_eb<Y^Ti5hdU^TUbS_^^USdd_QS_]`edUbdXQdYc
cX_gY^WdXU4?C`b_]`d_bYcbe^^Y^WQdUhdUTYd_b_bg_bT`b_SUcc_b`QS[QWU?^
dXU<Y^Ti5hdU^TUbdXYcgY\\RUdXUS_]`edUbS_^^USdUTd_dXUH<e^Yd?^dXU<Y^Ti
5hdU^TUb@b_dXYc]QiRUdXUS_]`edUbS_^^USdUTd_dXUH<e^Yd_bdXUS_]`edUb
S_^^USdUTd_dXUHBe^Yd
9dT_Uc^µd]QddUbgXQd`QS[QWUdXYcYc`b_fYTUTdXQddXUSXQbQSdUbcdi`UTY^QddXU
[UiR_QbTQbUTYc`\QiUT_^dXUcSbUU^5^dUbS_^VYWebQdY_^]_TURi`bUccY^W
´8?D;5IcµQ^TB5DEB>d_WUdXUbcUUcUSdY_^#%>_gdi`UdXUV_\\_gY^W_^dXU
[UiR_QbTS_^^USdUTd_dXUHBe^Yd*
) I
DXUfUbcY_^^e]RUbgY\\RUbU`_bdUT_^dXUS_]`edUbcSbUU^QcdXU\UddUbFV_\\_gUT
RidXbUU^e]RUbc6_bUhQ]`\UYVdXU<Y^Ti5hdU^TUbbU`_bdcF!!(dXU^dXU
VYb]gQbUfUbcY_^Yc!!(
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#(
#;X]Sh4gcT]STaR^]UXVdaPcX^]^_cX^]b
1\\dXU_`dY_^cTUcSbYRUTY^dXYccUSdY_^QbUU^dUbUTY^<Y^Ti5hdU^TUbµcS_^VYWebQdY_^
]_TUcUUcUSdY_^#%V_bY^cdbeSdY_^c_^U^dUbY^WS_^VYWebQdY_^]_TU
# AB!"!_a^c^R^[^_cX^]b
BC"#"cUbYQ\`_bdcQbUecUTV_bQgYTUfQbYUdi_V`eb`_cUcQ^TQbUdi`YSQ\\i
_`UbQdUTY^Q^e]RUb_VTYVVUbU^d]_TUc1]_TUdXQdYcceYdQR\UV_b_^Udi`U_V
TUfYSU]Qi^_dRUceYdQR\UV_b_dXUbTUfYSUcQ^Tc_dXUBC"#"`b_d_S_\ce``_bdUT
RidXU<Y^Ti5hdU^TUb]QiRUSXQ^WUTd_ceYdTYVVUbU^dQ``\YSQdY_^c
BUVUbd_Q``U^TYh1V_bceYdQR\USQR\Y^WV_bfQbY_ecBC"#"Q``\YSQdY_^c1``U^TYh1
Q\c_cX_gcdXUcYW^Q\`Y^_edcV_bdXUBC"#"`_bdc
9Vi_eQbUecY^WQ^BC"#"cUbYQ\]_ecUS_^^USdY_^d_Q^i_VdXU3@EcdXQdQbU
S_^^USdUTd_dXU<Y^Ti5hdU^TUbdXU^i_egY\\^UUTd_cUddXU<Y^Ti5hdU^TUbY^d_
BC"#"]_ecUS_]`QdYR\U]_TUCUddY^WdXYc]_TU^eTaaXSTbP[[^cWTaAB!"!
_a^c^R^[bTccX]VbQ^TV_bSUc!"
RQeT(RYdc`UbSXQbQSdUb!cd_`RYdQ^T^_
XQ^TcXQ[Y^WDXU<Y^Ti5hdU^TUb`UbV_b]cQ^Qed_]QdYSS_^fUbcY_^d_S_^fUbd@C"
]_ecUcYW^Q\cd_BC"#"]_ecUcYW^Q\cYVi_eecUQceYdQR\UgYbY^WQTQ`dUb9Vi_e
gYcXd_ecUQ^BC"#"]_ecUS_^^USdY_^d_i_eb@3dXU^gUbUS_]]U^TdXQdi_e
ecUQS_^db_\\Y^W@C"]_ecUQ^TdXUBC"#"QTQ`dUbbQdXUbdXQ^QddU]`dY^Wd_
S_^^USddXU]_ecUd_dXUcUbYQ\`_bdc_^dXU<Y^Ti5hdU^TUbDXUbUQc_^V_bdXYcYc
dXQdY^dXUbUS_]]U^TUTcUde`dXUH<e^YdgY\\S_^dY^e_ec\iU]e\QdUdXU`bUcU^SU_V
QcUbYQ\]_ecUbUWQbT\Ucc_VgXUdXUbdXUHBe^YdYcS_^^USdUTQ^TSebbU^d\i
`_gUbUT_^DXYcU^cebUcdXQd@3gY\\bU\YQR\iR__de`bUWQbT\Ucc_VdXU`_gUbQ^T
S_^^USdY_^cdQdU_VdXU<Y^Ti5hdU^TUb
DXUfQbY_ecBC"#"`b_d_S_\]_TUc]QiRUcUdecY^WdXUV_\\_gY^W_`dY_^cgYdXY^
S_^VYWebQdY_^]_TU*
+ I
=_ecUS_]`QdYR\UBC"#"`b_d_S_\TUVQe\d°_fUbbYTUcQ\\_dXUb
BC"#"cUddY^Wc
+ I
BC"#"`b_d_S_\ecUcXQbTgQbUXQ^TcXQ[Y^W
+ I
BC"#"`b_d_S_\ecUc^_XQ^TcXQ[Y^W!"
RQeT]Qh
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU#)
% I
CUdBC"#"RQeTbQdUd_!"
TUVQe\d
CUdBC"#"RQeTbQdUd_)&
% I
6 I
BC"#"`b_d_S_\ecUc!cd_`RYd
6 I
BC"#"`b_d_S_\ecUc"cd_`RYdcTUVQe\d
6 I
BC"#"`b_d_S_\ecUc^_`QbYdiTUVQe\d
6 I
BC"#"`b_d_S_\ecUcUfU^`QbYdi
6 I
BC"#"`b_d_S_\ecUc_TT`QbYdi
6 I
BC"#"`b_d_S_\ecUc'RYdc`UbSXQbQSdUbTUVQe\d
6 I
BC"#"`b_d_S_\ecUc(RYdc`UbSXQbQSdUb
#!<^dbT\^STP]S\^dbTbfXcRWX]V^URWP]]T[b
=_ecUcgYdSXY^WYc_^\ibU\UfQ^d_^dXU<Y^Ti5hdU^TUb@b_`b_TeSdgXUbUdXUecUb
S_^^USdUTd_dXUHBe^YdbUaeYbUcd_cgYdSXRUdgUU^dXUbU]_dUS_]`edUb!
S_^^USdUTd_dXUH<e^YdQ^TdXU\_SQ\S_]`edUb"S_^^USdUTd_dXUHBe^YdDXYc
]QiRUT_^URiQ[UiR_QbTX_d[UiS_]RY^QdY_^_bRiecY^WQdXbUURedd_^@C"
]_ecU_bQ^9^dU\\Y=_ecU
D_cgYdSXRUdgUU^dXUbU]_dU!Q^T\_SQ\"S_]`edUbcdXUecUbcY]`\iX_\Tc
T_g^dXUSU^dbQ\Redd_^_bgXUU\Redd_^Q^T`bUccUcdXU\UVdXQ^TRedd_^d_SXQ^WU
SXQ^^U\D_ecUdXYcVUQdebUYd]ecdVYbcdRUU^QR\UTecY^WdXU="_`dY_^D_TYcQR\U
dXYcVUQdebUecUdXU=!_`dY_^
9VdXUdXYbTRedd_^YcRUY^WecUTd_cgYdSXdXU<Y^Ti5hdU^TUbHBdXU^YdYc^_d
QfQY\QR\UV_becUgYdX@3c_VdgQbUQ\dX_eWXdXUVe^SdY_^_VQ^9^dU\\Y=_ecUgXUU\Yc
^_dQVVUSdUT3_^cUaeU^d\iY^="]_TUdXU<Y^Ti5hdU^TUbbU`_bdcd_dXU@3cdXQdQ
"Redd_^]_ecUYcS_^^USdUT9Vi_egYcXd_ecUdXUVe\\Ve^SdY_^_VQ#Redd_^]_ecU
_b9^dU\\Y=_ecUV_bi_eb@3c_VdgQbUdXU^i_ecX_e\TcU\USddXU=!_`dY_^
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$ DXU<Y^Ti5hdU^TUbce``_bdc´9^dUb^Ud=YSUµdXQdQbUS_]`QdYR\UgYdXdXU=YSb_c_Vd
9^dU\\Y=_ecUDXUcUQbUVYddUTgYdXQgXUU\_b_dXUbcSb_\\S_^db_\Q^Tc_]UdY]Uc
XQfUQTTYdY_^Q\Redd_^c5hQ]`\UcQbU*
=YSb_c_Vd9^dU\\Y=_ecU
<_WYdUSX@Y\_d=_ecU
<_WYdUSX=_ecU=Q^
7U^Yec>Ud=_ecU
7U^Yec>Ud=_ecU@b_
CdQ^TQbT@C"Q^T9^dU\\Y=_ecUS_]`QdYR\U]YSU]QiRUS_^^USdUTd_dXU<Y^Ti
5hdU^TUbI_e]QiS_^VYWebUi_eb3@EcecY^W=YSb_c_Vd@C"_b9^dU\\Y=_ecU
TbYfUbcY^Q^iS_]RY^QdY_^QcbUaeYbUTDXU9^dU\\Y=_ecUVUQdebUcQbUce``_bdUT_^
R_dX@C"Q^TBC"#"3@ES_^^USdY_^cGXU^ecY^W@C"3@ES_^^USdY_^cdXU
<Y^Ti5hdU^TUbgY\\Qed_]QdYSQ\\iS_^VYWebUYdcU\Vd_dXUdi`U_V]_ecUbUaeUcdUTRi
dXUTbYfUb
0 I
<Y^Ti5hdU^TUb@b_HBSXQ^^U\cQbU^_dcgYdSXQR\URiQ#Redd_^
0 I
]_ecU_b9^dU\\Y=_ecUTUVQe\d
<Y^Ti5hdU^TUb@b_HBSXQ^^U\cQbUcgYdSXQR\URiQ#Redd_^
]_ecU_b9^dU\\Y=_ecU
#"ATbTccX]VP[[R^]UXVdaPcX^]^_cX^]bc^cWTXaSTUPd[cbcPcT
D_bUcUdQ\\dXU<Y^Ti5hdU^TUbµcS_^VYWebQdY_^_`dY_^cd_dXUTUVQe\dcdQdUQ^TbUdeb^
Q\\dXU<Y^Ti5hdU^TUbcUddY^Wcd_dXUYbTUVQe\dcdQdU`bUccdXUV_\\_gY^WgXY\cdgYdXY^
S_^VYWebQdY_^]_TU2ibUcUddY^WQ\\dXUS_^VYWebQdY_^_`dY_^cd_dXUYbTUVQe\dcdQdU
i_egY\\Q\c_S\UQbdXU`Qccg_bTRedi_egY\\^_dSXQ^WUdXUfYTU_S_]`U^cQdY_^
cUddY^W
) I
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$!
0__T]SXg02PQ[TP]SR^]]TRc^a
b_TRXUXRPcX^]b
8<?>AC0=C=>C4
CWT\PgX\d\RPQ[T[T]VcWbbd__^acTSePahfXST[hQTcfTT]STeXRTbP]S
RPQ[Tb8c\PhQT_^bbXQ[Tc^dbTRPQ[TbcWPcPaT[^]VTacWP]cW^bTb_TRXUXTS
QT[^ffXcWRTacPX]?2bP]S_TaX_WTaP[bQdccWXbRP]]^cQTVdPaP]cTTS8Uh^d
Tg_TaXT]RT_a^Q[T\bcahdbX]VbW^acTaRPQ[Tb
0 :ThQ^PaS\^]Xc^a\^dbT\XRa^_W^]TP]Sb_TPZTab
R^]]TRcX^]b
1\\_VdXUcUTUfYSUc`\eWTYbUSd\iY^d_dXUbU\UfQ^d`_bdc_VdXU<Y^Ti5hdU^TUb9Vi_e
ecUQ^1Dcdi\U[UiR_QbTi_egY\\^UUTQ^1D%`Y^49>VU]Q\Ud_@C"&`Y^
]Y^Y49>]Q\US_^fUbdUb
2PQ[Tb_TRXUXRPcX^]U^aR^]]TRcX^]bc^G;d]XcfWT]dbTSfXcW^dccWT^_cX^]P[
_^fTaPSP_cTa
;UiR_QbT]_^Yd_b]_ecUc`UQ[UbQ^T]YSb_`X_^USQR\UccX_e\T^_dRU\_^WUb
dXQ^"]UdbUc
2PQ[Tb_TRXUXRPcX^]U^aR^]]TRcX^]bc^GAd]Xc^ac^G;d]XcfWT]dbTSfXcW
cWT^_cX^]P[_^fTaPSP_cTa
;UiR_QbT]_^Yd_b]_ecUc`UQ[UbQ^T]YSb_`X_^UUhdU^cY_^SQR\UcSQ^RUecUT
d_Y^SbUQcUdXUTYcdQ^SUVb_]dXU<Y^Ti5hdU^TUbe`d_!
Q^T]YSUgY\\Q\c__`UbQdUQdTYcdQ^SUc_V"
]UdbUc=_cd[UiR_QbTc
]UdbUc9Vi_eQbUecY^WQ]_^Yd_b
UhdU^cY_^SQR\UdXU^i_ecX_e\TU^cebUdXQddXYcYcQXYWXaeQ\YdidbYS_Qhdi`U
0!2^\_dcTaR^]]TRcX^]b
2PQ[Tb_TRXUXRPcX^]b)
EXST^!%`Y^XYWXTU^cYdi]Q\U4S_^^USd_bd_!%`Y^XYWXTU^cYdi]Q\U4
S_^^USd_bgYbUTQcQcdQ^TQbTF71@3d_]_^Yd_bSQR\UDXUbUQbUdg_di`Uc
S_]]_^\iQfQY\QR\UDXURUcddi`USQR\UcgXYSXgY\\WYfUUhSU\\U^daeQ\YdiQbU
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$"
S_^cdbeSdUTgYdXS_QhYQ\SQR\US_bUc3XUQ`Ub´TQdQµSQR\UcQbUQfQY\QR\URed
WU^UbQ\\iWYfUbQdXUb`__baeQ\Ydi1f_YTecY^WTQdQSQR\Uc\_^WUbdXQ^"]UdbUc
e^\UccdXUfYTU_aeQ\YdiYc^_dY]`_bdQ^d7__TaeQ\YdiS_QhYQ\fYTU_SQR\Uc]QiRU
be^QdTYcdQ^SUce`d_"
]UdbUcgYdX\Ydd\U\_cc_VfYTU_aeQ\Ydi
:ThQ^PaSP]S?B!\XRT&`Y^]Y^Y49>]Q\US_^^USd_bd_&`Y^]Y^Y49>]Q\U
S_^^USd_bgYdXQ\\\Y^UcS_^^USdUTcdbQYWXddXb_eWX!!""UdS9VdXU@3XQcQ%
`Y^49>1Dcdi\U[UiR_QbTS_^^USd_bi_egY\\^UUTQ@C"d_1D[UiR_QbTQTQ`dUb
&`Y^]Y^Y49>VU]Q\Ud_%`Y^49>]Q\UbUQTY\iQfQY\QR\U6_b´cU\V`_gUbUTµ
_`UbQdY_^_VdXUH<e^YdgYdX_eddXU_`dY_^Q\`_gUbQTQ`dUbdXUSQR\UccX_e\TRU^_
\_^WUbdXQ^#]UdbUc6_b_`UbQdY_^gYdXdXU`_gUbQTQ`dUbSQR\UccX_e\TRU^_
\_^WUbdXQ^"
]UdbUc
AB!"!bTaXP[\XRTdXUcUbUaeYbUQc`USYQ\S_^fUbdUbd_S_^^USddXUBC"#"\Y^Uc
`bUcU^d_^dXU<Y^Ti5hdU^TUb]_ecU`_bdcd_dXUBC"#"`_bd_^Q@3
3QR\UccX_e\TRU^_\_^WUbdXQ^"
]UdbUc
B_TPZTaP]S\XRa^_W^]TRPQ[Tb°CSbUU^UTQeTY_SQR\UcgYdXQcdUbU_QeTY_ZQS[
_^R_dXU^TccX_e\TRUecUTGXUbU`_ccYR\U[UU`dXUSQR\U\U^WdXcd_Q]Y^Y]e]
DXU]QhY]e]bUS_]]U^TUT\U^WdXYc%]UdbUc
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$#
0"CfXbcTS_PXaRPQ[T
=Q^idi`Uc_VdgYcdUT`QYbSQR\UcQbUQfQY\QR\UI_e]QiecUe^cXYU\TUTdgYcdUT
`QYbED@_bcXYU\TUTdgYcdUT`QYbCD@SQR\UgYdXdXU<Y^Ti5hdU^TUb5^cebUdXQd
dXUSQR\Ui_eecUYc_V3QdUW_bi%_bRUddUbc`USYVYSQdY_^
DXU<Y^Ti5hdU^TUbecUcdXUV_\\_gY^W`QYbc_^dXUdgYcdUT`QYbB:$%ZQS[S_^^USd_b
9Vi_ebSQR\UYcdUb]Y^QdUTV_b^Udg_b[Y^WecUdXU^YdgY\\`b_RQR\iRUgYbUTS_bbUSd\i
V_bdXU<Y^Ti5hdU^TUb1\\V_ebdgYcdUT`QYbcgYdXY^dXUSQR\UQbUecUTRidXU<Y^Ti
5hdU^TUb
29332bQ^TBUhSQR\UcQbU`QbdYSe\Qb\ibUS_]]U^TUTV_becUgYdXdXU<Y^Ti
5hdU^TUb
DXUecQWU_VdXUfQbY_ecdgYcdUT`QYbcYccX_g^RU\_g*
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$$
<PgX\XbX]VcWTeXST^`dP[XchU^a[^]VRPQ[T[T]VcWb
1\\dgYcdUT`QYbSQR\UcQbUS_^cdbeSdUTc_dXQdUQSX_VdXUdgYcdUT`QYbcXQcQc\YWXd\i
TYVVUbU^ddgYcdbQdUDXYcYcd_bUTeSUdXUU\USdbYSQ\Sb_ccdQ\[RUdgUU^cYW^Q\c
dbQfU\\Y^W_^QTZQSU^d`QYbcDXYcTYVVUbU^SUY^dgYcdVbUaeU^SiUVVUSdYfU\i]UQ^cdXQd
dXUgYbUTYcdQ^SUdXQdQ^U\USdbYSQ\cYW^Q\XQcd_dbQfUbcUYcTYVVUbU^dV_bdXUTYVVUbU^d
`QYbcDXYcT_Uc^_d^_b]Q\\iSQecUQ^_dYSUQR\U`b_R\U]RedV_bXYWXUbcSbUU^
bUc_\edY_^cQd\_^WUbSQR\U\U^WdXcQS_\_ebcU`QbQdY_^UVVUSd]QicdQbdd_RU
_RcUbfUT
9^`bQSdYSU]_cd^Udg_b[Y^WSQR\UcXQfU_^U`QYb_VS_^TeSd_bcdXQdQbUcYW^YVYSQ^d\i
]_bUdYWXd\idgYcdUTdXQ^dXU_dXUbdXbUUE^V_bde^QdU\idXYcfQbYUcRUdgUU^SQR\U
di`UcQ^T]Q^eVQSdebUbc9Vi_eT__RcUbfUQS_\_ebcU`QbQdY_^UVVUSdQdXYWXcSbUU^
bUc_\edY_^cQ^T\_^WUbSQR\U\U^WdXcdXU^dXYc]QiRUY]`b_fUTRicgQ``Y^WdXU
dgYcdUT`QYbcdXQdQbUecUTgYdXY^dXUSQR\UD_WQY^dXURUcdbUce\dcdXUbUTWbUU^
Q^TR\eU<Y^Ti5hdU^TUbS_\_ebcYW^Q\ccX_e\TRUcU^d_fUbdXUdXbUU`QYbcdXQdXQfU
dXUS\_cUcddgYcdVbUaeU^SiDXYc^_b]Q\\i]UQ^cdXQddXU`QYbgYdXdXUdYWXdUcddgYcd
VbUaeU^SicX_e\TRUQf_YTUT
9Vi_eT_^_dQ\bUQTiXQfUQSQR\UQ^Ti_egYcXd_`ebSXQcUQceYdQR\USQR\UdXU^
dXYc]QiRU`ebSXQcUTVb_]<Y^Ti8YWXaeQ\YdiSQR\UcQbUQ\c_QfQY\QR\UdXQd
bU]_fUdXYcS_\_ebcU`QbQdY_^UVVUSdS_]`\UdU\i
0#AB!"!_^ac_X]PbbXV]\T]cb
FYUg_V<Y^Ti5hdU^TUb)gQi4di`UVU]Q\Uc_S[Ud
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$%
AB!"!RPQ[TbU^a\^dbTP__[XRPcX^]b
2^\_dcTac^;X]Sh4gcT]STaAB!"!RPQ[TU^aAB!"!\^dbTP__[XRPcX^]b
3_]`edUbU^T)`Y^VU]Q\US_^^USd_b
<Y^Ti5hdU^TUbU^T)`Y^]Q\U
S_^^USd_b
"
"
#
#
%
%
'
$
<^dbTc^;X]Sh4gcT]STaRPQ[TPSP_cTa
=_ecUU^T)`Y^]Q\US_^^USd_b
<Y^Ti5hdU^TUbU^T)`Y^]Q\U
S_^^USd_b
"
#
#
"
$
&
%
%
'
(
&
$
(
'
AB!"!RPQ[TbU^a_aX]cTaP__[XRPcX^]b
2^\_dcTac^;X]Sh4gcT]STaAB!"!RPQ[TU^aAB!"!_aX]cTaP__[XRPcX^]b
3_]`edUbU^T)`Y^VU]Q\US_^^USd_b
<Y^Ti5hdU^TUbU^T)`Y^]Q\U
S_^^USd_b
1\\\Y^UcS_^^USdUTcdbQYWXddXb_eWX!!""##UdS
;X]Sh4gcT]STac^_aX]cTafXcW!$fPhR^]]TRc^a
<Y^Ti5hdU^TUbU^T)`Y^]Q\U
@bY^dUbU^T"%`Y^]Q\US_^^USd_b
S_^^USd_b
"
#
#
"
$
<Y^Ti5hdU^TUb
"
%
'
&
&
(
%
9^cdQ\\QdY_^Q^TEcU
@QWU$&
0__T]SXg1
?a^Q[T\B^[eX]V
?a^Q[T\)
FYTU_`YSdebUYc\_cdTebY^WfUbiXYWXQeTY__ed`ed
0RcX^])
BUTeSUdXU]QhY]e]QeTY__ed`ed\UfU\
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$'
;X]Sh9d]X^a4gcT]STa4]WP]RTS5TPcdaTb
DXU`UbV_b]Q^SUQ^Tc`USYVYSQdY_^_Vi_eb<Y^Ti5hdU^TUbXQcRUU^U^XQ^SUTgYdX
dXUQTTYdY_^_VQdbQ^c`QbU^dcUbYQ\`_bdDXYccUbYQ\`_bdgY\\Qed_]QdYSQ\\iS_^VYWebU
YdcU\Vd_dXURQeTbQdUecUTRii_ebS_]`edUbQ^TT_Uc^_dbUaeYbUS_^VYWebQdY_^9d
ce``_bdcQ\\RQeTbQdUcQ^T`b_d_S_\ce`d_%'&
RQeT9^QTTYdY_^dXUS_^^USd_b
_^dXUHBe^YdXQcRUU^SXQ^WUTd_U^QR\UTUfYSUcdXQdg_e\T^_b]Q\\iXQfURUU^
`\eWWUTTYbUSd\iY^d_dXUS_]`edUbd_RU`\eWWUTTYbUSd\iY^d_dXUHBe^YdDXYc
U^XQ^SUTcUbYQ\`_bd`b_fYTUcY]`b_fUTS_]`QdYRY\YdigYdXd_eSXcSbUU^c]YSU
@<3cQ^T]_TU]c
Bd\\Pah^U4]WP]RTS5TPcdaTb
•
@\eWTUfYSUcdXQdg_e\T^_b]Q\\iRU`\eWWUTY^d_dXUS_]`edUbc)gQi]Q\U
3?=`_bdS_^^USd_bTYbUSd\iY^d_dXU)gQi]Q\US_^^USd_b_^dXU<Y^Ti:e^Y_b
5hdU^TUbHBe^Yd
•
EcUQcdbQYWXddXb_eWXQ\\\Y^UcS_^^USdUTSQR\U`Y^!d_`Y^!`Y^"d_`Y^"
UdSVb_]dXU)gQiVU]Q\US_^^USd_b_^dXUH<e^Ydd_dXU)gQi]Q\U
S_^^USd_b_^dXUS_]`edUb
•
DXUbUYc^_^UUTd_S_^VYWebUdXURQeTbQdUQ^T`b_d_S_\_VdXUcUbYQ\S_^^USdY_^
RUSQecUYdgY\\Qed_]QdYSQ\\iV_\\_gdXU`b_d_S_\ecUTRidXUS_]`edUbQ^TdXU
`UbY`XUbQ\TUfYSU
•
DXUU^XQ^SUTdbQ^c`QbU^dcUbYQ\`_bdgY\\_`UbQdUQdRQeTbQdUce`d_%'&
RQeT
1\\<Y^Ti:e^Y_b5hdU^TUbcVYddUTgYdXdXUU^XQ^SUTcUbYQ\`_bdXQfUcUbYQ\^e]RUbc
`bUSUTUTRidXU\UddUbc<I:5
<Y^Ti5hdU^TUb
9^cdQ\\QdY_^Q^TEcU
@QWU$(