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VoL.

uestions réponses
et
exercises
Vol. 2

uestions réponses
et
exercises

U. Ruth Charrondiere
Barbara Burlingame
Sally Berman
Ibrahim Elmadfa

THE INTERNATIONAL NETWORK OF FOOD DATA SYSTEMS

ORGANISATION DES NATIONS UNIES POUR L'ALIMENTATION ET L'AGRICULTURE


Rome, 2011
Les appellations employées dans ce produit d’information et la présentation
des données qui y figurent n’impliquent de la part de l’Organisation des
Nations Unies pour l’alimentation et l’agriculture (FAO) aucune prise de
position quant au statut juridique ou au stade de développement des pays,
territoires, villes ou zones ou de leurs autorités, ni quant au tracé de leurs
frontières ou limites. La mention de sociétés déterminées ou de produits de
fabricants, qu’ils soient ou non brevetés, n’entraîne, de la part de la FAO,
aucune approbation ou recommandation desdits produits de préférence à
d’autres de nature analogue qui ne sont pas cités.

Les opinions exprimées dans ce produit d’information sont celles du/des auteur(s)
et ne reflètent pas nécessairement celles de la FAO.

E-ISBN 978-92-5-206917-1 (PDF)

Tous droits réservés. La FAO encourage la reproduction et la diffusion des


informations figurant dans ce produit d’information. Les utilisations à des fins
non commerciales seront autorisées à titre gracieux sur demande.
La reproduction pour la revente ou à d’autres fins commerciales, y compris
à des fins didactiques, pourra être soumise à des frais. Les demandes d’autorisation
de reproduction ou de diffusion de matériel dont les droits d’auteur sont détenus
par la FAO et toute autre requête concernant les droits et les licences sont
à adresser par courriel à l’adresse copyright@fao.org ou au Chef de la
Sous-Division des politiques et de l’appui en matière de publications,
Bureau de l’échange des connaissances, de la recherche et de la vulgarisation,
FAO, Viale delle Terme di Caracalla, 00153 Rome, Italie.

© FAO 2011
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-D.@MTDKC{`STCDRTQK@BNLONRHSHNMCDR@KHLDMSR@`S`C`UDKNOO`ONTQ@SSDHMCQDTMOTAKHBK@QFD
DSQDMCQDKDRBNMM@HRR@MBDRRTQK@BNLONRHSHNMCDR@KHLDMSROKTR@BBDRRHAKDRDSLNHMRBNiSDTRDR 
DMO@QSHBTKHDQONTQBDKKDRDSBDTWPTHMDODTUDMSO@QSHBHODQ\BDRBNTQRDMBK@RRDR%DOKTR KDATS
`S@HS CD F@Q@MSHQ PTD K@ PT@KHS` CT BNMSDMT O@Q Q@OONQS \ BDKTH C{TM BNTQR BK@RRHPTD RDQ@HS
L@HMSDMTD *K ODTS bSQD TSHKHR` DM @TSN@OOQDMSHRR@FD  \ K{TMHUDQRHS` NT DM BNMINMBSHNM @UDB TM
BNTQRBK@RRHPTD O@QDWDLOKD \K@EHMC{TMDRDRRHNMNTC{TMBNTQRONTQ`U@KTDQKDRBNMM@HRR@MBDR 
BNLLDQ`UHRHNM@OQaRK@RDRRHNM NTDMS@MSPT{HMRSQTLDMSCDENQL@SHNM\CHRS@MBD
-D.@MTDK
C{`STCD@C`I\`S`LHRDMOK@BD@UDBRTBBaRC@MRBDRCHEE`QDMSRBNMSDWSDR

-D.@MTDKC{`STCDDRSRTQSNTSCDRSHM`@TWBNLOHK@SDTQRDSTSHKHR@SDTQRCDCNMM`DRRTQK@BNLONRHSHNMCDR
@KHLDMSR@HMRHPT{@TW@M@KXRSDR*KDRS@TRRHBNM_TONTQRDQUHQ@TWBNTQRCDMHUD@T.@RSDQNT%NBSNQ@S NT
BNLLD OQNFQ@LLD TMHUDQRHS@HQD CD ENQL@SHNM \ CHRS@MBD 1KTRHDTQR TMHUDQRHS`R NMS C`I\ L@MHEDRS` KDTQ
HMS`QbSDMK{HMSQNCTHR@MSC@MRKDTQRBTQRTR%@MRK@LDRTQDNhKD.@MTDKC{`STCDBNTUQDSNTRKDR@RODBSRCD
K@BNLONRHSHNMCDR@KHLDMSR HKODQLDS@TW`STCH@MSRC{@RRHLHKDQSNTRKDROQHMBHODRONTQOQNCTHQD BNLOHKDQ
DSTSHKHRDQKDRCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSRDSCDKDR@OOKHPTDQBNQQDBSDLDMSC@MRKDTQSQ@U@HK\
UDMHQ -D .@MTDK C{`STCD MD BNTUQD O@R DM C`S@HK KDR L`SGNCDR C{@M@KXRD DS KDR RXRSaLDR CD FDRSHNM CDR
A@MPTDR CD CNMM`DR RTQ K@ BNLONRHSHNM CDR @KHLDMSR  L@HR KDR @M@KXRSDR R@TQNMS BNLLDMS OQNCTHQD DS
OQ`RDMSDQKDTQRCNMM`DR@EHMPT{DKKDRRNHDMSKDOKTRTSHKDR@TWBNLOHK@SDTQR

-D.@MTDKC{`STCDDRSTMNTSHK MNMRDTKDLDMSONTQ@OOQDMCQDCDMNTUD@TWBNMBDOSRL@HR@TRRHONTQDM
`U@KTDQKDTQRBNLOQ`GDMRHNMR*KRDQ`EaQDOQHMBHO@KDLDMS@TKHUQDCD(QDDMEHDKCDS4NTSGF@SD 
L@HR
C{@TSQDR RNTQBDR RNMS O@QENHR TSHKHR`DR @EHM C{HMCHPTDQ K@ RHST@SHNM @BSTDKKD C@MR BDQS@HMR CNL@HMDR -DR
`STCH@MSRRNMSHMUHS`R\KDRBNLO@QDQL@HRMDRNMSO@RHMEKTDMB`RONTQOQHUHK`FHDQTMD`BNKDCDODMR`DO@Q
Q@OONQS\TMD@TSQD


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-DS@AKD@TRTHU@MSHMCHPTDPTDKRRNMSKDRLNCTKDRKDROKTR@OOQNOQH`R@TWCHEE`QDMSRFQNTODRC{`STCH@MSR

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?KILKOEPEKJ@AO=HEIAJPO
 !KJOPEPQ=JPO@=JOHAO>=JMQAO@A@KJJ^AO   
OQNH=?KILKOEPEKJ@AO=HEIAJPO
 = 1^HA?PEKJ@AO?KJOPEPQ=JPO   
 > ,KIAJ?H=PQNA@AO?KJOPEPQ=JPO   
 ? !KJRAJPEKJOAPQJEP^O@AO?KJOPEPQ=JPO   
 @ +^PDK@AO@u=J=HUOA@AO?KJOPEPQ=JPO   
 Z?D=JPEHHKJJ=CA   
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@AO=HEIAJPO
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=HEIAJPO
 0A?APPAOAP=QPNAO?=H?QHO   

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%EKIF;L:K@FE

*LDWIF 0@KI<;LDF;LC< %EKWIYKGFLI %EKWIYKGFLIC<J %EKWIYK
;L C<J LK@C@J8K<LIJ GFLIC<J
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 1UOP_IAO@ACAOPEKJ@AO>=JMQAO@A   
@KJJ^AOOQNH=?KILKOEPEKJ@AO=HEIAJPOAP
@u^?D=JCA@A@KJJ^AO
 !KILEH=PEKJAP@K?QIAJP=PEKJ   
 = !KIL=N=EOKJ@A>=JMQAO@A@KJJ^AOOQNH=   
?KILKOEPEKJ@AO=HEIAJPO
 > ZPQ@A@A?=O 2N=JO?NELPEKJ@AO=LLKNPO   
=HEIAJP=ENAOAJ=LLKNPOJQPNEPEKJJAHO
 /Q=HEP^@AH=?KILEH=PEKJ@AO@KJJ^AO   
 EK@ERANOEP^=HEIAJP=ENA   
 6MTSHKHR@SDTQOQNEDRRHNMMDKRDRDQSCDRCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR O@QDWDLOKD ONTQDRSHLDQTM@OONQSDMMTSQHLDMS OQ`O@QDQ
CDR `SHPTDSSDR NT `S@AKHQ CDR Q`FHLDR
 DS ODTS @TRRH BNLOHKDQ CDR A@MPTDR CD CNMM`DR RTQ K@ BNLONRHSHNM CDR @KHLDMSR ONTQ CDR NAIDBSHER
RO`BHEHPTDR*KDRSODTOQNA@AKDPT{HK`BG@MSHKKNMMDCDR@KHLDMSRNTBNNQCNMMDCDR@M@KXRDRC{@KHLDMSR

/0.101.!
-D .@MTDK C{`STCD DRS OTAKH` DM CDTW UNKTLDR 7B?H@8  )H8FG<BAF 8G 8K8E6<68F DS 7B?H@8 *OCBAF8F 4HK
DH8FG<BAF8G8K8E6<68F
-DRCDTWUNKTLDRBNLOQDMMDMSBG@BTMLNCTKDR QDOQ`RDMS@MSSGaLDROQHMBHO@TW
UNHQKDS@AKD@TBHCDRRTR
$G@PTDLNCTKDDRSCHUHR`DMCHEE`QDMSDRRDBSHNMR-@OQDLHaQDONRDKDRNAIDBSHER
O`C@FNFHPTDR  KD L@S`QHDK \ `STCHDQ DS KD SDLOR DRSHL` ONTQ BNLOK`SDQ KD LNCTKD 6MD KHRSD CD SDWSDR \
`STCHDQ DRS CNMM`D  DS RNTUDMS TMD KHRSD CD KDBSTQDR BNLOK`LDMS@HQDR -@ CDTWHaLD RDBSHNM BNMSHDMS KDR
PTDRSHNMR  DS K@ SQNHRHaLD KDR DWDQBHBDR -D UNKTLD   BNMSDM@MS KDR Q`ONMRDR  BNLOQDMCR  DM OKTR  TMD
RDBSHNMODQLDSS@MSTMD@TSN`U@KT@SHNM

-DR PTDRSHNMR RNMS RSQTBSTQ`DR CD E@_NM \ ODQLDSSQD @TW `STCH@MSR CD RD E@LHKH@QHRDQ C{@ANQC @UDB KD
UNB@ATK@HQDDSKDRBNMBDOSRCDA@RDOTHRC{@L`KHNQDQOQNFQDRRHUDLDMSKDTQRBNMM@HRR@MBDRRTQKDRTIDSSQ@HS`
-DR DWDQBHBDRODQLDSSDMS \K{`STCH@MS C{@OOKHPTDQ KDR BNMM@HRR@MBDRMNTUDKKDLDMS @BPTHRDR -DR`STCH@MSR
NASHDMMDMS TM BDQS@HM MNLAQD CD ONHMSR DM Q`ONMC@MS @TW PTDRSHNMR DS DM BNLOK`S@MS KDR DWDQBHBDR
BNQQDBSDLDMS

-@ RDBSHNM rQ`ONMRDRs ENTQMHS KDR Q`ONMRDR @TW PTDRSHNMR DS DWDQBHBDR DS BNMSHDMS C{@TSQDR HMENQL@SHNMR
HMS`QDRR@MSDR$NLLDKDRQ`ONMRDROQNUHDMMDMSRNTUDMSCTKHUQDCD(QDDMEHDKCDS4NTSGF@SD 
R@TE
HMCHB@SHNMBNMSQ@HQD KDRMTL`QNRCDO@FDR@MMNS`RC@MRK@RDBSHNMrQ`ONMRDRsRNMSBDTWCDBDKHUQD DSMNM
O@RBDTWCTEHBGHDQ1%'
tK@EHMCDBG@PTDLNCTKDKDUNKDSr"TSN`U@KT@SHNM\O@QSHQCDRONHMSRNASDMTRs
CNMMDCDRHMENQL@SHNMRRTQK@E@_NMCNMSKDR`STCH@MSRNMS@RRHLHK`KDTQRMNTUDKKDRBNMM@HRR@MBDRDSC@MR
PTDKKDLDRTQDHKRODTUDMSKDR@OOKHPTDQ

+))!*0,.+T !.
*K DRS QDBNLL@MC` PTD KDR `STCH@MSR BNLLDMBDMS O@Q `STCHDQ KDR SDWSDR OQNONR`R C@MR KDR r5DWSDR \
`STCHDQsDSDMRTHSDQ`ONMCDMS@TWPTDRSHNMR OTHRE@RRDMSKDRDWDQBHBDR-DR`STCH@MSRM{@L`KHNQDQNMSKDTQR
BNMM@HRR@MBDR PTD R{HKR DRR@HDMS CD Q`ONMCQD @TW PTDRSHNMR DS DWDQBHBDR O@Q DTWLbLDR  R@MR BGDQBGDQ \
QDF@QCDQKDRRNKTSHNMR6MDENHRPT{HKR@TQNMSSDQLHM`BDSSDS]BGD HKRONTQQNMSU`QHEHDQRHKDTQRQ`ONMRDRRNMS
BNQQDBSDR#HDMRNTUDMS TMDHMENQL@SHNM@CCHSHNMMDKKDDRS@OONQS`D RNHSONTQDWOKHPTDQDMPTNHBDQS@HMDR
Q`ONMRDRRNMSITRSDRNTE@TRRDR RNHSONTQCNMMDQOKTRCDC`S@HKRRTQBDSGaLD$G@PTDQ`ONMRDDRSMNS`D 
@EHMCDONTUNHQB@KBTKDQTMDMNSDEHM@KDtO@QSHQCDBDSSDMNSDEHM@KD KDRO@QSHBHO@MSRODTUDMSR{@SSQHATDQ
DTWLbLDRTMD@OOQ`BH@SHNMFKNA@KDO@QLNCTKD-DATSQDBGDQBG`M{DRSO@RPTDKDR`STCH@MSRNASHDMMDMS
CT OQDLHDQ BNTO  CDR ONHMSR  L@HR PT{HKR Q`EK`BGHRRDMS RTQ KDR RTIDSR SQ@HS`R DS @OOQDMMDMS O@Q K@
OQ@SHPTD -DR `STCH@MSR PTH M{NMS O@R BNLOKaSDLDMS @RRHLHK` KD BNMSDMT C{TM LNCTKD  RNMS HMUHS`R \
QDOQDMCQDKDRO@QSHDRCDBDLNCTKDDS RHADRNHM QDKHQDTMDO@QSHDCTL@S`QHDKCDKDBSTQD

-DR `STCH@MSR ONRR`C@MS C`I\ CDR BNMM@HRR@MBDR @U@MB`DR ODTUDMS RNTUDMS Q`ONMCQD @TW PTDRSHNMR DS
DWDQBHBDR R@MR KDBSTQD OQ`@K@AKD $DODMC@MS  ONTQ PTDKPTDR PTDRSHNMR  HKR ODTUDMS @UNHQ \ BNMRTKSDQ KDR
r5DWSDR \ `STCHDQs @EHM CD SQNTUDQ KDR Q`ONMRDR $DQS@HMR OQNAKaLDR DWHFDMS TM MHUD@T CD Q`EKDWHNM OKTR
`K@ANQ` RTQ KD RTIDS @ANQC` 1NTQ KDR `STCH@MSR PTH RNMS C`RHQDTW C{@OOQNENMCHQ TM SGaLD  TM BDQS@HM
MNLAQDCDCNBTLDMSRODTUDMSbSQDRTFF`Q`RONTQTMD`STCDOKTRONTRR`D


HW

%EKIF;L:K@FE

6MDENHRKDNTKDRLNCTKDRBNLOK`S`R KDR`STCH@MSRRNMSBNQCH@KDLDMSHMUHS`R\SQ@MRLDSSQDKDTQRQ`RTKS@SR
DS BNLLDMS@HQDR \ K@ '"0 O@Q DL@HK QTSG$G@QQNMCHDQD!E@NNQF NT MTSQHSHNM!E@NNQF
 C@MR KD ATS
C{@HCDQK@'"0\@L`KHNQDQKDRLNCTKDR

+))!*0 10%(%/!. (! )*1!( fT01 ! ,+1. T2!(+,,!. !/ ,.+#.))!/ !


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-DRLNCTKDRCT.@MTDKC{`STCDODTUDMSbSQDQ`NQF@MHR`RONTQRDQUHQCDSQ@LD\CDROQNFQ@LLDR`CTB@SHER
CD ENQL@SHNM ENQLDKKD NT HMENQLDKKD RTQ CDR SGaLDR RO`BHEHPTDR  NT ONTQ CDR OTAKHBR O@QSHBTKHDQR 1@Q
DWDLOKD  KDR TMHUDQRHS`R CD MTSQHSHNM DS CD CH`S`SHPTD ODTUDMS bSQD HMS`QDRR`DR O@Q CDR CNMM`DR RTQ K@
BNLONRHSHNMCDR@KHLDMSR @KNQRPTDCDRTMHUDQRHS`RDMSDBGMNKNFHDCDR@KHLDMSR BGHLHDCDR@KHLDMSRNT
R`BTQHS` R@MHS@HQD RNMS OQHMBHO@KDLDMS HMS`QDRR`DR O@Q KDR @RODBSR PT@KHS` CDR U@KDTQR @M@KXSHPTDR CDR
CHEE`QDMSRBNMRSHST@MSRSQNTU`RC@MRKDR@KHLDMSR

-D RTBBaR CD K@ LHRD DM OQ@SHPTD CDR BNMM@HRR@MBDR @BPTHRDR O@Q KDR HMCHUHCTR C@MR KD CNL@HMD CD K@
BNLONRHSHNM CDR @KHLDMSR C`ODMCQ@ CD K{NQF@MHRLD Nh HKDKKD SQ@U@HKKD DS C{TM DMUHQNMMDLDMS ONKHSHPTD 
EHM@MBHDQDSC`BHRHNMMDKE@UNQ@AKD&MOQDLHDQKHDT TMRNTSHDM@TOKTRG@TSMHUD@TDRSHLONQS@MS@HMRHPTD
K{HMS`FQ@SHNM CDR MNTUDKKDR S]BGDR C@MR KD OK@M CD SQ@U@HK CD K{NQF@MHRLD 1NTQ BDK@  CDR R`LHM@HQDR NT
Q`TMHNMR ODTUDMS bSQD TSHKDR @UDB CDR QDRONMR@AKDR C`BHRHNMMDKR  CDR FDRSHNMM@HQDR DS CHQHFD@MSR
C{NQF@MHRLDR CDRONKHSHBHDMR

$H@OQaR SQNHRDWDLOKDRCDBNTQRNTR`LHM@HQDR

&WDLOKD$NTQRRTQTMANMTR@FDCDRCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR
-DR NAIDBSHER O`C@FNFHPTDR RNMS CD ODQLDSSQD @TW `STCH@MSR CD BNLOQDMCQD KDR OQHMBHODR CD
C`UDKNOODLDMS  FDRSHNM DS TSHKHR@SHNM CDR A@MPTDR CD CNMM`DR RTQ K@ BNLONRHSHNM CDR @KHLDMSR @EHM CD
ONTUNHQKDR@OOKHPTDQ
 BNLLDMS KDR A@MPTDR CD CNMM`DR RNMSDKKDR LHRDR DM OK@BD  C`UDKNOO`DR DS F`Q`DR X BNLOQHR K@
CNBTLDMS@SHNMDSKDRBNMRHC`Q@SHNMRATCF`S@HQDR

 BNLLDMS HLOKHPTDQ KDR TSHKHR@SDTQR  KDR BNLOHK@SDTQR DS KDR @M@KXRSDR C@MR KDR OQNFQ@LLDR RTQ K@
BNLONRHSHNMCDR@KHLDMSR
 NhODTSNMSQNTUDQCDRCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSRDSBNLLDMS`U@KTDQKDTQPT@KHS`
 BNLLDMSKDRCNMM`DRCDUQ@HDMSDKKDRbSQDDWOQHL`DR
 BNLLDMSKDRCNMM`DRRNMSDKKDRNASDMTDR XBNLOQHRKDB@KBTKCDRU@KDTQRMTSQHSHNMMDKKDRCDRQDBDSSDR

DSBNLOHK`DRDMSDM@MSBNLOSDCDRBNMSQ@HMSDRCDPT@KHS`
 K{HLONQS@MBDCDCNMM`DRCDANMMDPT@KHS`RTQK@BNLONRHSHNMCDR@KHLDMSR KDTQHLO@BSRTQKDR@OONQSR
MTSQHSHNMMDKRDSRTQKDTQ@C`PT@SHNMMTSQHSHNMMDKKD

1NTQ BDR NAIDBSHER O`C@FNFHPTDR  HK DRS QDBNLL@MC` C{TSHKHRDQ KDR LNCTKDR RTHU@MSR  DM O@QSHD NT
HMS`FQ@KDLDMS

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?KILKOEPEKJ@AO=HEIAJPO
 = 1^HA?PEKJ@AO?KJOPEPQ=JPO  D
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 /Q=HEP^@AH=?KILEH=PEKJ@AO@KJJ^AO  D


W

%EKIF;L:K@FE

&WDLOKD$NTQRRTQK@OQNCTBSHNMCDCNMM`DRCDANMMDPT@KHS`RTQK@BNLONRHSHNMCDR@KHLDMSR
-DRNAIDBSHERO`C@FNFHPTDRRNMSCDODQLDSSQD@TW`STCH@MSRCDBNLOQDMCQD @EHMCDONTUNHQKDR@OOKHPTDQ 
KDROQHMBHODRCDPT@KHS`@M@KXSHPTDCDRCNMM`DROQNCTHSDRRTQK@BNLONRHSHNMCDR@KHLDMSR
 `BG@MSHKKNMM@FD
 R`KDBSHNMCDRL`SGNCDRC{@M@KXRD@OOQNOQH`DR
 @RODBSRPT@KHS`CDRCNMM`DR@M@KXSHPTDR
 DWOQDRRHNMCDRCNMM`DR BNMRSHST@MSRDS@KHLDMSR

 HLONQS@MBDCDRCNMM`DRCDANMMDPT@KHS`RTQK@BNLONRHSHNMCDR@KHLDMSR KDTQHLO@BSRTQKDR@OONQSR
MTSQHSHNMMDKRDSKDTQ@C`PT@SHNMMTSQHSHNMMDKKD

1NTQ BDR NAIDBSHER O`C@FNFHPTDR  HK DRS QDBNLL@MC` C{TSHKHRDQ KDR LNCTKDR RTHU@MSR  DM O@QSHD NT
HMS`FQ@KDLDMS

*LDWIF *FD;LDF;LC< LIW<
;L ;k<OW:LK@FE
DF;LC< <JK@DW<
 3PEHEO=PEKJ@AO@KJJ^AOOQNH=?KILKOEPEKJ@AO=HEIAJPO ATAN?E?AOQJEMQAIAJP D
 1^HA?PEKJAPJKIAJ?H=PQNA@AO=HEIAJPO@=JOHAO>=JMQAO@A@KJJ^AOOQNH=  D
?KILKOEPEKJ@AO=HEIAJPO
 > ,KIAJ?H=PQNA@AO?KJOPEPQ=JPO  D
 ? !KJRAJPEKJOAPQJEP^O@AO?KJOPEPQ=JPO  D
 @ +^PDK@AO@u=J=HUOA@AO?KJOPEPQ=JPO  D
 Z?D=JPEHHKJJ=CA  D
 /Q=HEP^@AO@KJJ^AO=J=HUPEMQAO  D
 /Q=HEP^@AH=?KILEH=PEKJ@AO@KJJ^AO  D

&WDLOKD 4`LHM@HQD ONTQ KDR C`BHRHNMM@HQDR RTQ K{HLONQS@MBD CDR CNMM`DR RTQ K@ BNLONRHSHNM CDR
@KHLDMSR
-DRNAIDBSHERO`C@FNFHPTDRRNMSCDODQLDSSQD@TWO@QSHBHO@MSRCD
 bSQDB@O@AKDRCDBNLOQDMCQDKDRADRNHMRDMCNMM`DRCDANMMDPT@KHS`RTQK@BNLONRHSHNMCDR@KHLDMSR
DMUTDCDRCHEE`QDMSDR@OOKHB@SHNMR
 bSQD LNSHU`RONTQ EHM@MBDQ TM OQNFQ@LLD M@SHNM@K RTQ K@ BNLONRHSHNM CDR @KHLDMSR DSNT K@ LHRD \
INTQCDRS@AKDRDWHRS@MSDRCDBNLONRHSHNMCDR@KHLDMSR
 @UNHQ @BPTHR CDR BNMM@HRR@MBDR RTQ KDR OQHMBHODR CD K@ AHNCHUDQRHS` @KHLDMS@HQD DS KDTQ HLO@BS RTQ K@
R`BTQHS`@KHLDMS@HQD KDR@OONQSRMTSQHSHNMMDKRDSKDTQ@C`PT@SHNMMTSQHSHNMMDKKD

1NTQ BDR NAIDBSHER O`C@FNFHPTDR  HK DRS QDBNLL@MC` C{TSHKHRDQ KDR LNCTKDR RTHU@MSR  DM O@QSHD NT
HMS`FQ@KDLDMS

*LDWIF *FD;LDF;LC< LIW<
;L ;k<OW:LK@FE
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 .NEJ?ELAOC^J^N=QT@AOLNKCN=IIAOOQNH=?KILKOEPEKJ@AO=HEIAJPO D
 3PEHEO=PEKJ@AO@KJJ^AOOQNH=?KILKOEPEKJ@AO=HEIAJPO D
 1^HA?PEKJAPJKIAJ?H=PQNA@AO=HEIAJPO@=JOHAO>=JMQAO@A@KJJ^AOOQNH=  D
?KILKOEPEKJ@AO=HEIAJPO
 = 1^HA?PEKJ@AO?KJOPEPQ=JPO  D
 > ,KIAJ?H=PQNA@AO?KJOPEPQ=JPO  D
 /Q=HEP^@AH=?KILEH=PEKJ@AO@KJJ^AO  D
 EK@ERANOEP^=HEIAJP=ENA  D

4DKNM KD SDLOR CHRONMHAKD ONTQ KD R`LHM@HQD  TMD R`KDBSHNM CD PTDRSHNMR DWSQ@HSDR CDR LNCTKDR ODTS bSQD
M`BDRR@HQDONTQQ@BBNTQBHQR@CTQ`D O@QDWDLOKD \TMDINTQM`D


WH

%EKIF;L:K@FE

+10%(/!0,1(%0%+*/+),(!)!*0%.!/1)*1!( fT01 !
-DR LNCTKDR RNMS @BBNLO@FM`R CD OQ`RDMS@SHNMR 1NVDQ1NHMS  CHRONMHAKDR \ K{@CQDRRD
GSSOVVVE@NNQFHMENNCROQDRDMS@SHNMR>EQRSL  -@ OKTO@QS NMS `S` `K@ANQ`DR RO`BHEHPTDLDMS ONTQ
Q`RTLDQKDR@RODBSRHLONQS@MSRBNTUDQSRO@QKD.@MTDKC{`STCD


 1QHMBHODRONTQ@RRDLAKDQ F`QDQDSLDSSQD\INTQCDRA@RDRCDCNMM`DRRTQK@BNLONRHSHNM
CDR@KHLDMSR #%$"
O@Q6SD3TSG$G@QQNMCHaQD
 #HNCHUDQRHS`@KHLDMS@HQDDSBNLONRHSHNM@KHLDMS@HQDO@Q6SD3TSG$G@QQNMCHaQD
 $NMUDMSHNMRDSLNCDRCDWOQDRRHNMCDRBNLONR@MSRO@Q6SD3TSG$G@QQNMCHaQD
 /NLDMBK@STQDCDRBNLONR@MSR@KHLDMS@HQDRO@Q6SD3TSG$G@QQNMCHaQD
 4XRSaLDCDFDRSHNMCDRA@RDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR 4(#%$"
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%%% - (<J >IFLG<J ;k8C@D<EKJ JFEK ;W=@E@J ;@==WI<DD<EK ;8EJ ;@==WI<EKJ G8PJ <K IW>@FEJ 
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3`ONMRD UNHQ(QDDMEHDKCDS4NTSGF@SD  O


7NTRCDUQHDY@UNHQ`MTL`Q`RHWCDRFQNTODRC{@KHLDMSRRTHU@MSR
 $`Q`@KDRDSOQNCTHSRB`Q`@KHDQR
 5TADQBTKDRDSQ@BHMDR@LXK@B`RDSC`QHU`R
 -`FTLHMDTRDRDSC`QHU`R
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 'QTHSRDSC`QHU`R
 /NHWDSC`QHU`R
 4TBQD BNMEHRDQHDRDSRHQNOR
 7H@MCDRDSUNK@HKKDRDSC`QHU`R
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 1NHRRNMRDSC`QHU`R

 
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 -@HSRDSOQNCTHSRK@HSHDQR
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 #NHRRNMR
 "TSQDR@KHLDMSR
 *MRDBSDRDS@MHL@TWR@TU@FDRDSC`QHU`R

1NTQUNSQDHMENQL@SHNM
%DMNLAQDTRDRA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSRTSHKHRDMS@TRRHCDRRNTRFQNTODR O@Q
DWDLOKDONTQKDRB`Q`@KDRDSOQNCTHSRB`Q`@KHDQR
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 1@HMR
 1]SDR@KHLDMS@HQDR
 1K@SROQ`O@Q`R
 5NQSHKK@R
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CT E@HS CD G@TSR MHUD@TW CD BNMRNLL@SHNM NT CD K{HLONQS@MBD C{@KHLDMSR RO`BHEHPTDR C@MR KDTQ Q`FHLD 
BNLLDKDROQNCTHSR\A@RDCDMNHWCDBNBNC@MRKDR}KDRCT1@BHEHPTD


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3`ONMRD UNHQ@TRRH(QDDMEHDKCDS4NTSGF@SD  O


1K@C@KW;<J>IFLG<J;k8C@D<EKJ;8EJC<JK89C<J<K98EHL<J;<;FEEW<J 2I8@ "8LO
JLIC8:FDGFJ@K@FE;<J8C@D<EKJ
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P=>HAKQH=>=JMQA@A@KJJ^AOOQNH=?KILKOEPEKJ@AO=HEIAJPO
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JQPNEPEKJJAHO
.KQN OANREN @A >=OA [ Hu^H=>KN=PEKJ @uQJ LH=J @u^?D=JPEHHKJJ=CA AP @u=J=HUOA T 
?KIIQJ@QB=EPMQu[HuEJP^NEAQN@uQJCNKQLA@u=HEIAJPOHAOI=PNE?AO=HEIAJP=ENAO
APHAOPAJAQNOAJJQPNEIAJPOOKJPOEIEH=ENAO
.KQNOEILHEBEAN [HuEJP^NEAQN@uQJCNKQLA@u=HEIAJPO H=?KILEH=PEKJAPHu^R=HQ=PEKJ T 
@A@KJJ^AO EJ?HQ=JPH=R^NEBE?=PEKJ@AH=?KD^NAJ?A@AOPAJAQNOAJJQPNEIAJPO
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=HEIAJPO
.KQN B=?EHEPAN Hu=LLHE?=PEKJ @A B=?PAQNO @A ?KJRANOEKJ MQE L=NBKEO OuABBA?PQA =Q T 
JERA=Q@QCNKQLA@u=HEIAJPO

1NTQUNSQDHMENQL@SHNM
*KM{X@O@RCDMNQLDTMHUDQRDKKDLDMSQDBNMMTDONTQKDQDFQNTODLDMSCDR@KHLDMSRONTQK@BNLONRHSHNM
CDR@KHLDMSR



 
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6BAA4<FF4A68F4I4A6O8F
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GFLI:?8HL<IWGFEJ<:FII<:K< .W=CW:?@JJ<QF^MFLJC<JD<KKI@<Q;8EJMFKI<G8PJG8J;<GF@EK 

3`ONMRD

-DRQ`ONMRDRONRRHAKDRRNMSKDRRTHU@MSDR L@HRHKDWHRSDAHDMC{@TSQDRONRRHAHKHS`R
 -{@UNB@S  KDR NKHUDR DS K@ QGTA@QAD RNMS O@QENHR BNMRHC`Q`R BNLLD CDR EQTHSR  O@QENHR BNLLD CDR
K`FTLDR
 -DR K`FTLHMDTRDR  O@Q DWDLOKD KDR EaUDR  PTH RNMS BNMRNLL`DR EQ@dBGDR NT R`BG`DR  ODTUDMS
@OO@Q@dSQD \ K@ ENHR O@QLH KDR K`FTLDR DS O@QLH KDR K`FTLHMDTRDR .@HR  O@QENHR  DKKDR RD SQNTUDMS
RDTKDLDMSC@MRKDFQNTODCDRK`FTLDR
 -DRITRCDEQTHSR CDK`FTLDR
RNMSO@QENHRQDFQNTO`R@UDBKDREQTHSR KDRK`FTLDR
DSO@QENHR@UDBKDR
ANHRRNMR
 -DRL@LLHEaQDRL@QHMRRNMS\K@ENHRBNMRHC`Q`RBNLLDCDRONHRRNMRDSBNLLDCDRUH@MCDR
 -DADTQQDDRSO@QENHRBNMRHC`Q`BNLLDTMOQNCTHSK@HSHDQ O@QENHRBNLLDTMBNQORFQ@R
 -DR@RR@HRNMMDLDMSRONTQR@K@CDRDSK@L@XNMM@HRDRNMSO@QENHRBNMRHC`Q`RBNLLDCDRR@TBDR O@QENHR
BNLLDCDRFQ@HRRDR
 -DR OQNCTHSR \ A@RD CD RNI@ O@Q DWDLOKD  KDR RTARSHSTSR CD UH@MCD @T RNI@  ODTUDMS EHFTQDQ C@MR KD
FQNTODCDRUH@MCDRDSCDRK`FTLHMDTRDR DSKDK@HSDSKDEQNL@FDCDRNI@ C@MRKDFQNTODCDROQNCTHSR
K@HSHDQRNTCDRK`FTLHMDTRDR DSB
 -DR EQTHSR RDBR  O@Q DWDLOKD MNHRDSSDR  EHFTQDMS O@QENHR O@QLH KDR EQTHSR  KDR K`FTLDR  KDR FQ@HRRDR DS
GTHKDR O@QENHRC@MRKDTQOQNOQDFQNTOD
 -DRBG@LOHFMNMRRNMSO@QENHRQDFQNTO`R@UDBKDRK`FTLDR O@QENHRC@MRKDTQOQNOQDFQNTOD
 -DRF]SD@TWRNMSQDFQNTO`R@UDBKDRB`Q`@KDRNT@UDBKDRRTBQDQHDRDSBNMEHRDQHDR NTC@MRKDTQOQNOQD
FQNTOD


%%% - /WC<:K@FEE<Q G8ID@ C<J 8I>LD<EKJ JL@M8EKJ :<LO HL@ JFEK <E =8M<LI ;kLE<
JK8E;8I;@J8K@FE ;<J >IFLG<J ;k8C@D<EKJ GFLI C8 GIWJ<EK8K@FE ;<J ;FEEW<J ;< :FEJFDD8K@FE <K
;<J98EHL<J;<;FEEW<JJLIC8:FDGFJ@K@FE;<J8C@D<EKJ CB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

3`ONMRD UNHQ@TRRH(QDDMEHDKCDS4NTSGF@SD  O


I>LD<EKJ GFLI JK8E;8I;@J<I C<J >IFLG<J ;k8C@D<EKJ GFLI C<J 2I8@ "8LO
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HuEJ@AT 
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LNKLNAO OUOP_IAO @A ?H=OOEBE?=PEKJ @AO =HEIAJPO CNKQLAO AP OKQO CNKQLAO
@u=HEIAJPO OL^?EBEMQAO [ QJ L=UO @Q B=EP @A HAQN IK@_HA OL^?EBEMQA @A
?KJOKII=PEKJ@AO=HEIAJPO 
*AOAOPEI=PEKJO@AO=LLKNPO=HEIAJP=ENAOL=NCNKQLA@u=HEIAJPOJALAQRAJP T 
`PNA?KIL=N^OMQAOEHAO=HEIAJPOOKJP?H=OO^O@=JOHAOI`IAOCNKQLAO 
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Ou=LLHEMQAJP=QJERA=Q@QCNKQLA@u=HEIAJP 



 
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1NTQUNSQDHMENQL@SHNM
-@ RS@MC@QCHR@SHNM CDR FQNTODR C{@KHLDMSR DRS OKTR HLONQS@MSD ONTQ K@ OQ`RDMS@SHNM CDR CNMM`DR CD
BNMRNLL@SHNMPTDONTQKDRA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR1NTQK@OQ`RDMS@SHNMCDR
Q`RTKS@SR C{DMPTbSDR CD BNMRNLL@SHNM  HK DRS @TRRH HLONQS@MS CD RS@MC@QCHRDQ K{`S@S NT K@ ENQLD RNTR
K@PTDKKDKDR@KHLDMSRRNMSOQ`RDMS`R O@QDWDLOKDR{HKRRNMSBNMRNLL`RBTHSRNTBQTR O@QDWDLOKD KDQHY
ANTHKKH OaRD SQNHR ENHR KD ONHCR CT QHY BQT
 @UDB NT R@MR K@ O@QSHD MNM BNLDRSHAKD  DSB 4@MR BDSSD
RS@MC@QCHR@SHNM K@BNLLTMHB@SHNMQDK@SHUD\K@BNMRNLL@SHNMCDR@KHLDMSRO@QFQNTODC{@KHLDMSRODTSbSQD
SQNLODTRDNTL@KHMSDQOQ`S`D


%%% - %E;@HL<Q ;<LO JPJKXD<J ;< ;<J:I@GK@FE ;<J 8C@D<EKJ LK@C@JWJ @EK<IE8K@FE8C<D<EK MF@I
8LJJ@?KKG NNN =8F FI> @E=FF;J EFD<E:C8KLI<6<E JKD  CB<AG`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

3`ONMRD

 */'00%4
 -@MFT@-


%%% - W=@E@JJ<Q9I@XM<D<EKLE<=8:<KK<;k8C@D<EK<KLE;<J:I@GK<LI;k8C@D<EK CB<AGF CB<AG
CBHE6;4DH8EOCBAF86BEE86G8

3`ONMRD UNHQ(QDDMEHDKCDS4NTSGF@SD  O


"8:<KK<;k8C@D<EKKDRE@BDSSDRRNMSCDRB@S`FNQHDRCDCDRBQHOSDTQRC{@KHLDMSR O@QDWDLOKD KDRL`SGNCDR
CDBTHRRNM

<J:I@GK<LI ;k8C@D<EK TM CDRBQHOSDTQ C{@KHLDMS DRS TM @SSQHATS TSHKHR` ONTQ HCDMSHEHDQ BK@HQDLDMS TM
@KHLDMS DS RNM LNCD CD OQ`O@Q@SHNM  O@Q DWDLOKD  ANTHKKH DRS TM CDRBQHOSDTQ CD K@ E@BDSSD L`SGNCDR CD
BTHRRNM${DRSBNLLDTMRNTRFQNTODC{TMDE@BDSSD

1NTQUNSQDHMENQL@SHNM
-DR E@BDSSDRDS CDRBQHOSDTQRC{@KHLDMSR RNMS TSHKHR`R ONTQ C`BQHQDOKTROQ`BHR`LDMS KDR@KHLDMSRRDKNMTMD
L`SGNCDRS@MC@QCHR`D-DRE@BDSSDRDSCDRBQHOSDTQRODTUDMSbSQDBNC`RDS CDBDE@HS CDUDMHQHMC`ODMC@MSR
CDK@K@MFTD/NQL@KDLDMS KDRCDRBQHOSDTQRRNMS@BBNLO@FM`RC{TMSGDR@TQTR KDWHPTD
C@MRKDPTDKHKRRNMS
C`EHMHR  E@BHKHS@MS @HMRH KDTQ HCDMSHEHB@SHNM DS K{`BG@MFD HMSDQM@SHNM@K CD CNMM`DR -DR RXRSaLDR CD
CDRBQHOSDTQRCDR@KHLDMSRRNMS*/'00%4 KDRE@BDSSDRDSCDRBQHOSDTQRC{@KHLDMSRRNMS`MTL`Q`RDSC`BQHSR
AQHaUDLDMS
DS-@MFT@- @UDBTMSGDR@TQTRCDC`EHMHSHNMR



%%% - W:I@M<Q C<J DWK?F;<J ;< :L@JJFE JL@M8EK<J <K C<LIJ <==<KJ JLI Ck<8L
 C<J C@G@;<J
 C<J
D@EWI8LO<KC<JM@K8D@E<J CB<AGF CB<AGCBHE6;4DH8EOCBAF86BEE86G8

3`ONMRD UNHQ(QDDMEHDKCDS4NTSGF@SD  O


@
 FL@CC@$THSO@QHLLDQRHNMC@MRK{D@TANTHKK@MSDDSR`O@Q`O@Q`FNTSS@FD1DQSDNTF@HMDMD@T1DQSD
DMKHOHCDR DMLHBQNMTSQHLDMSRGXCQNRNKTAKDRDSSGDQLNK@AHKDR"ARNQOSHNMCDRDK
A
 L@K 8L =FLI $THS C@MR TM ENTQ O@Q CD K@ BG@KDTQ RaBGD 1DQSD DM D@T  DM KHOHCDR DS DM
LHBQNMTSQHLDMSRSGDQLNK@AHKDR$NMBDMSQ@SHNMCDRBNMRSHST@MSRCTE@HSCDK@ODQSDDMD@T
B
 .\K@ $THS O@Q CD K@ BG@KDTQ RaBGD  @UDB NT R@MR @INTS CD BNQOR FQ@R 1DQSD DM D@T DS DM
LHBQNMTSQHLDMSR DS ODQSD NT F@HM DM KHOHCDR $NMBDMSQ@SHNM CDR BNMRSHST@MSR CT E@HS CD K@ ODQSD DM
D@T
C
 L@K ;8EJ C8 =I@KLI< *LLDQF` C@MR CD K@ FQ@HRRD BG@TCD 1DQSD DM D@T  DM LHBQNMTSQHLDMSR DS DM
L@SHaQDRFQ@RRDRHMSQHMRaPTDR DSF@HMDMKHOHCDRCi\K@EQHSTQD$NMBDMSQ@SHNMCDRBNMRSHST@MSRCTE@HS
CDK@ODQSDDMD@T

 
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D
 L@K 1DTS bSQD M{HLONQSD PTDKKD L`SGNCD CD BTHRRNM @UDB TM DEEDS RTQ K{D@T  KDR KHOHCDR DS KDR
LHBQNMTSQHLDMSR$DM{DRSO@RTMCDRBQHOSDTQQDBNLL@MC`

1NTQUNSDHMENQL@SHNM
-DR@KHLDMSRFQ@RODTUDMS@TRRHODQCQDCDRKHOHCDRPT@MCHKRRNMSANTHKKHRNTFQHKK`R


%%% - !OGC@HL<Q GFLIHLF@ C<J EFDJ JL@M8EKJ ;<MI8@<EK YKI< @E:CLJ ;8EJ LE< 98EHL< ;<
;FEEW<J;<IW=WI<E:<JLIC8:FDGFJ@K@FE;<J8C@D<EKJ CB<AGF CB<AGCBHE6;4DH8EOCBAF86BEE86G8

3`ONMRD

 -DRMNLRBNTQSRRNMSF`M`Q@KDLDMSCDR@AQ`UH@SHNMRTSHKHR`DRC@MRTMDA@MPTDCDCNMM`DRRTQK@
BNLONRHSHNMCDR@KHLDMSR%{G@AHSTCD HKRNMSLNHMRCDB@Q@BSaQDR-DMNLBNTQSDRSTSHKDC@MRKDR
A@MPTDRCDCNMM`DR KNQRPTDK{DRO@BDO@QBG@LOONRDOQNAKaLD
 -DRMNLRKNMFR DMUHQNMB@Q@BSaQDR
BNLOQDMMDMSSNTSDRKDRHMENQL@SHNMRPTHRNMSHLONQS@MSDR
ONTQTMDBNQQDBSDHCDMSHEHB@SHNMCDK{@KHLDMS/NQL@KDLDMS KDMNLKNMF@OO@Q@dSC@MRKDRS@AKDRRTQ
K@BNLONRHSHNMCDR@KHLDMSR HLOQHL`DR
 -DRMNLRRBHDMSHEHPTDRRNMSKDRMNLRS@WNMNLHPTDRNTK@SHMR*KRRNMSTSHKDRONTQHCDMSHEHDQK{DROaBD
DSO@QENHRK@RNTRDROaBD K@U@QH`S` KDBTKSHU@QNTK@Q@BDCDK{@MHL@K*KRRNMSO@QSHBTKHaQDLDMS
@OOQNOQH`RONTQKDR`BG@MFDRDSKDRTSHKHR@SHNMRHMSDQM@SHNM@KDR
 -DRMNLRC{@KHLDMSRDM@MFK@HRRNMSRNTUDMSHMBKTRC@MRKDRA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNM
CDR@KHLDMSRONTQKDR`BG@MFDRDSKDRTSHKHR@SHNMRHMSDQM@SHNM@KDR

1NTQUNSQDHMENQL@SHNM
5NTR BDR MNLR CDUQ@HDMS @OO@Q@dSQD C@MR TMD A@MPTD CD CNMM`DR RTQ K@ BNLONRHSHNM CDR @KHLDMSR DS K@
OKTO@QS C{DMSQD DTW C@MR TMD S@AKD RTQ K@ BNLONRHSHNM CDR @KHLDMSR  HLOQHL`D 1NTQ K@ BNMUDM@MBD CD
K{TSHKHR@SDTQ  KDR MNLR BNTQSR DS KNMFR CDUQ@HDMS bSQD @TRRH Q@OONQS`R C@MR KDR OQHMBHO@KDR K@MFTDR KNB@KDR
%@MR KDR O@XR @UDB OKTRHDTQR K@MFTDR  HK DRS M`BDRR@HQD C{@UNHQ CHEE`QDMSR BG@LOR CD MNLR ONTQ KDR
OQHMBHO@KDRK@MFTDR*KRRNMSRNTUDMS`MTL`Q`RC@MRCDRHMCDW

$DQS@HMR O@XR LDSSDMS SNTSD K{HMENQL@SHNM RTQ KD MNL CD K{@KHLDMS C@MR TM BG@LO rMNL CD K{@KHLDMSs
%{@TSQDRTSHKHRDMSCDRMNLRC{@KHLDMSDSCDRBQHOSDTQR\E@BDSSDR6MRXRSaLD\E@BDSSDRE@BHKHSDK@U`QHEHB@SHNM
C{TMD A@MPTD CD CNMM`DR O@Q DWDLOKD  ONTQBDMS@FD C{@KHLDMSR BTHSR DS BQTR
 -DR CDTW RXRSaLDR RNMS
BNQQDBSR


%%% - <EFD9I<LJ<JK89C<J<K98EHL<J;<;FEEW<JJLIC8:FDGFJ@K@FE;<J8C@D<EKJ@E:CL<EK
GI@E:@G8C<D<EKC<J8C@D<EKJ:ILJ8CFIJHL<;k8LKI<J@E:CL<EKC<J8C@D<EKJ:ILJ<KC<J8C@D<EKJK<CJ
HLk8:?<KWJ<K FLK<CJHL<:FEJFDDWJ ,FLI C<J8==@ID8K@FEJJL@M8EK<J
JWC<:K@FEE<QefFLef 
CB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8
UQ@HONTQKDRS@AKDRRTQK@BNLONRHSHNMCDR@KHLDMSR@UDBOQHMBHO@KDLDMSCDR@KHLDMSRBQTR
  UQ@H ONTQ KDR S@AKDR RTQ K@ BNLONRHSHNM CDR @KHLDMSR @UDB CDR @KHLDMSR BQTR DS CDR @KHLDMSR SDKR
PT{@BGDS`RDSNTSDKRPTDBNMRNLL`R

3`ONMRD

 
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FL
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@u=QPNAOL=UOs?AMQE?KJ@QEP[QJNEOMQA@uAOPEI=PEKJO@AO=LLKNPOJQPNEPEKJJAHOIKEJOLN^?EOAO 
 *AOQPEHEO=PAQNO=LLHEMQAJPOKQRAJPHAOPAJAQNOAJJQPNEIAJPO@AO=HEIAJPO?NQO=QT=HEIAJPOLN^L=N^O 
?AMQE?KJ@QEP[@AOANNAQNOEILKNP=JPAOLKQNHAOAOPEI=PEKJO@AO=LLKNPOJQPNEPEKJJAHO 
 *AO ?KILEH=PAQNO KJP LHQO @A ?KJJ=EOO=J?A OQN HAO =HEIAJPO  H= LN^L=N=PEKJ @AO =HEIAJPO AP H=
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 *AO ?KILEH=PAQNO EJ?HQAJP OAQHAIAJP HAO =HEIAJPO ?NQO ?=N EHO OKJP LHQO OP=>HAO AJ ?KILKOEPEKJ 
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4EP=IEJA! 
4EP=IEJA B=?PAQNO@A?KJRANOEKJAP?KJOPEPQ=JPO?KJPNE>Q=JPO
ZMQER=HAJP>AP= ?=NKP_JA B=?PAQNO@A?KJRANOEKJAP?KJOPEPQ=JPO?KJPNE>Q=JPO
4EP=IEJA" B=?PAQNO@A?KJRANOEKJAP?KJOPEPQ=JPO?KJPNE>Q=JPO
4EP=IEJA# B=?PAQNO@A?KJRANOEKJAP?KJOPEPQ=JPO?KJPNE>Q=JPO
4EP=IEJA) 


%29 - /@ GCLJ@<LIJ K8>E8D<J FL DFKJ :CWJ :k<JK T ;@I< ;@==WI<EK<J ;W=@E@K@FEJ JFEK KIFLMWJ
GFLI C< DYD< ELKI@D<EK
 HLk<JK :< HL< CkLK@C@J8K<LI ;F@K MWI@=@<I 8M8EK ;< GFLMF@I LK@C@J<I C<J
M8C<LIJ;kLE:FEJK@KL8EK CB<AG

3`ONMRD UNHQ,KDMRHM8G4? O


-DRBNMRSHST@MSRHCDMSHEH`RO@QCHEE`QDMSRS@FM@LDRMDODTUDMSO@RbSQDBNLO@Q`RNTBNLAHM`RCHQDBSDLDMS
O@QBD PTD KDR CHEE`QDMSDR L`SGNCDR C{@M@KXRD ONTQ BDR BNMRSHST@MSR ENTQMHRRDMS CDR Q`RTKS@SR
RHFMHEHB@SHUDLDMS CHEE`QDMSR  NT TSHKHR@MS CHEE`QDMSDR DWOQDRRHNMR 1@Q BNMR`PTDMS  K{TSHKHR@SDTQ CDUQ@

 
)F;LC< 9i.WGFEJ<J

SNTINTQR U`QHEHDQ K@ C`EHMHSHNM DS KDR L`SGNCDR CD B@KBTK ONTQ BDR BNMRSHST@MSR PTH NMS CDR S@FM@LDR DS
LNSRBK`RCHEE`QDMSR BDK@@EHMPTDMDRNHDMSBNLAHM`DRPTDKDRSDMDTQRPTHNMSK@LbLDC`EHMHSHNMDSKDR
LbLDRLNSRBK`R


%29 - FDGCWK<QC<JK89C<JJL@M8EK<JG8IELKI@D<EK
 '@HSDRBNQQDRONMCQDKDRC`EHMHSHNMR@UDBKD R
S@FM@LD R
BNQQDRONMC@MS R

 '@HSDR BNQQDRONMCQD KDR @EEHQL@SHNMR RTQ KDR TR@FDR QDBNLL@MC`R C@MR KDR S@AKDR DS A@MPTDR CD
CNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR@UDBKDRS@FM@LDR
 $K@RRDYKDRSDMDTQRDMMTSQHLDMSRONTQKDRCHEE`QDMSRS@FM@LDR

3`ONMRD UNHQ ,KDMRHM 8G 4?   O DS KDR S@FM@LDR */'00%4 RTQ
GSSOVVVE@NNQFHM@KHLDMSRS@FM@LDR>DMRSL


8(@G@;<JCB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

%`EHMHSHNMR
 -HOHCDR  SNS@TW 0ASDMTR O@Q @M@KXRD DS DWSQ@BSHNM BNMSHMTD L`SGNCD 4NWGKDS
 -DR SDMDTQR DM
MTSQHLDMSRRNMSOKTRA@RRDRONTQKDRB`Q`@KDRL@HRBNLO@Q@AKDRONTQKDR@TSQDRB@S`FNQHDRC{@KHLDMSR
 -HOHCDR SNS@TW4NLLDCDRSQHFKXB`QHCDR OGNROGNKHOHCDR RS`QNKRDSCDRBNLONR`RHMR@ONMHEH@AKDRSDKR
PTDKDRRS`QNKR-@L`SGNCDC{@M@KXRDDRSTMDDWSQ@BSHNMO@QTML`K@MFDCDRNKU@MSR
 -HOHCDR SNS@TW RDKNM K@ C`EHMHSHNM /-&" @BHCDR FQ@R DM `PTHU@KDMSR SQHFKXB`QHCDR
 &KKD DRS DLOKNX`D
ONTQK{`SHPTDS@FD@TW[S@SR6MHR

6R@FDRQDBNLL@MC`RC@MRKDRS@AKDRDSA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR
 /NMQDBNLL@MC`D
 3DBNLL@MC`D
 "BBDOS@AKDR@TEONTQKDRB`Q`@KDRDSOQNCTHSRB`Q`@KHDQR

$K@RRDLDMSCDRSDMDTQRONTQKDRB`Q`@KDR
 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@CDTWHaLDOKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR

08>E8D< FII<JGFE;8E:< 1J8><I<:FDD8E;W;8EJC<J C8JJ<D<EK;<JK<E<LIJ
8M<:C8 K89C<J<K98EHL<J;<;FEEW<JJLI
;W=@E@K@FE C8:FDGFJ@K@FE;<J8C@D<EKJ
$2   
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1NTQUNSQDHMENQL@SHNM
-@L`SGNCD4NWGKDSDRSDLOKNX`DC@MRCDMNLAQDTWO@XR*KE@TSUDHKKDQ\`UHSDQCDC`SDQLHMDQKDRSDMDTQR
DMKHOHCDRC@MRKDRB`Q`@KDR@UDBBDSSDL`SGNCD\LNHMRPTDC{@TSQDRDWSQ@BSHNMRRNHDMS`F@KDLDMSQ`@KHR`DR 
O@Q DWDLOKD  TMD GXCQNKXRD @BHCD 1NTQ KDR @TSQDR B@S`FNQHDR C{@KHLDMSR KDR SDMDTQR DM KHOHCDR RNMS
BNLO@Q@AKDR

9#CL:@;<JCB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

%`EHMHSHNMR
 (KTBHCDR SNS@TW $DSSD SDMDTQ DRS K@ RNLLD CDR U@KDTQR @M@KXSHPTDR CDR RTBQDR  CD K{@LHCNM  CDR
NKHFNR@BBG@QHCDR DS CDR EHAQDR @KHLDMS@HQDR -@ U@KDTQ MTSQHSHNMMDKKD CNHS bSQD RHLHK@HQD \ BDKKD CDR
rFKTBHCDR SNS@TW O@Q CHEE`QDMBDs $DODMC@MS  @TINTQC{GTH  KD BNMBDOS CD FKTBHCDR CHRONMHAKDR DRS
BNMRHC`Q` BNLLD LHDTW @C@OS` DS  O@Q BNMR`PTDMS  KDR FKTBHCDR SNS@TW CDUQ@HDMS bSQD @A@MCNMM`R
FQ@CTDKKDLDMS

 
)F;LC< 9i.WGFEJ<J

 (KTBHCDR CHRONMHAKDR zDM ONHCR{ $DSSD SDMDTQ DRS K@ RNLLD CDR U@KDTQR @M@KXSHPTDR CDR RTBQDR  CD
K{@LHCNMDSCTFKXBNFaMD
 (KTBHCDR CHRONMHAKDR DM `PTHU@KDMSR LNMNR@BBG@QHCDR $DSSD SDMDTQ DRS K@ RNLLD CDR U@KDTQR
@M@KXSHPTDRCDRRTBQDR CDK{@LHCNMDSCTFKXBNFaMD-@U@KDTQMTSQHSHNMMDKKDDRSOKTR`KDU`DPTDBDKKD
CDRrFKTBHCDRCHRONMHAKDRDMONHCRsO@QBDPT{DKKDBNLOQDMC RTHSD\K{GXCQNKXRD K{D@TQ`RHCTDKKD@TSNTQ
CD BG@PTD LNMNR@BBG@QHCD $D LNCD C{DWOQDRRHNM M{DRS O@R BNTQ@LLDMS TSHKHR` C@MR KDR S@AKDR DS
A@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR RDTKDLDMSC@MRK@S@AKDAQHS@MMHPTD

 (KTBHCDRSNS@TWO@QCHEE`QDMBD$DSSDSDMDTQDRSB@KBTK`DBNLLDRTHSFLNHMRKDSNS@KDMFQ@LLDR
CDK{D@T CDROQNS`HMDR CDRKHOHCDR CDK{@KBNNKDSCDRBDMCQDR-@U@KDTQMTSQHSHNMMDKKDDRSOKTR`KDU`D
PTDKDRrFKTBHCDRCHRONMHAKDRO@QCHEE`QDMBDsCDK@U@KDTQDMEHAQDRDSBNMSHDMSKDRDQQDTQR@M@KXSHPTDRCD
SNTRKDRMTSQHLDMSRBNMSQHAT@MS@TB@KBTK${DRSONTQPTNH HKM{DRSO@RQDBNLL@MC`CDK{TSHKHRDQBNLLD
RDTK LNCD C{DWOQDRRHNM CDR FKTBHCDR C@MR KDR S@AKDR DS A@MPTDR CD CNMM`DR RTQ K@ BNLONRHSHNM CDR
@KHLDMSR
 (KTBHCDR CHRONMHAKDR O@Q CHEE`QDMBD $DSSD SDMDTQ DRS B@KBTK`D BNLLD RTHS F LNHMR KD SNS@K DM
FQ@LLDR CD K{D@T  CDR OQNS`HMDR  CDR KHOHCDR  CD K{@KBNNK  CDR BDMCQDR DS CDR EHAQDR @KHLDMS@HQDR NT
DMBNQDKDRFKTBHCDRSNS@TWLNHMRKDREHAQDR@KHLDMS@HQDR-@U@KDTQMTSQHSHNMMDKKDDRSRHLHK@HQD\BDKKDCDR
rFKTBHCDR CHRONMHAKDR DM ONHCRs  L@HR BNMSHDMS KDR DQQDTQR @M@KXSHPTDR CD SNTR KDR MTSQHLDMSR
BNMSQHAT@MS@TB@KBTK*KRCDUQ@HDMSCNMBCHRO@Q@dSQDFQ@CTDKKDLDMS$DODMC@MS BDLNCDC{DWOQDRRHNM
DRS@BBDOS@AKDONTQKDRO@XRPTHMDODTUDMSO@ROQNCTHQDCDRU@KDTQR@M@KXSHPTDRONTQKDRFKTBHCDR

6R@FDRQDBNLL@MC`RC@MRKDRS@AKDRDSA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR
 &WOQDRRHNMK@OKTRQDBNLL@MC`D R`KDBSHNMMDYTMRDTKS@FM@LD

 -@LNHMRQDBNLL@MC`D R`KDBSHNMMDYTMRDTKS@FM@LD


$K@RRDLDMSCDRSDMDTQR
 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD

 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD


08>E8D< FII<JGFE;8E:< 1J8><I<:FDD8E;W;8EJC<J C8JJ<D<EK;<JK<E<LIJ
8M<:C8;W=@E@K@FE K89C<J<K98EHL<J;<;FEEW<JJLI
C8:FDGFJ@K@FE;<J8C@D<EKJ
!&-4*   
!&-4*+   
!&-4*"$   
!&-!"$   
!&-2
!&-!1+   

1NTQUNSQDHMENQL@SHNM
1NTQKDRFKTBHCDR KDROQHMBHO@KDRCHEE`QDMBDRRNMSCTDR\
 4HKDREHAQDRRNMSOQHRDRDMBNLOSDNTMNMONTQKDRFKTBHCDRSNS@TWKDREHAQDRRNMSHMBKTRDR@KNQRPTD
KDRFKTBHCDRCHRONMHAKDRDWBKTDMSKDREHAQDR
 4{HKR RNMS DWOQHL`R RNTR ENQLD @MGXCQD R@MR K{D@T Q`RHCTDKKD
 NT DM `PTHU@KDMSR LNMNR@BBG@QHCDR
@UDBK{D@TQ`RHCTDKKD
KDRFKTBHCDRCHRONMHAKDRDM`PTHU@KDMSRLNMNR@BBG@QHCDRENTQMHRRDMSCDRSDMDTQR
OKTR`KDU`DRPTDKDRFKTBHCDRCHRONMHAKDRzDMONHCR{ CTE@HSCDK@OQ`RDMBDC{D@TQ`RHCTDKKDOQNUDM@MS
CDK{GXCQNKXRDBNLAHM`D\BG@PTDLNMNR@BBG@QHCD0MQDBNLL@MCDC{TSHKHRDQKDRFKTBHCDRCHRONMHAKDR
DMONHCR $)0"7-
O@QBDPT{HKRQDOQ`RDMSDMSKDRFKTBHCDRCHRONMHAKDRONTQKDBNQORGTL@HMDSRNMS
MNQL@KDLDMSF`M`Q`RO@Q@M@KXRDR
 4{HKRRNMS@M@KXR`RNTB@KBTK`RO@QCHEE`QDMBDKDRDWOQDRRHNMRCDRFKTBHCDRO@QCHEE`QDMBDMDRNMSO@R
QDBNLL@MC`DR O@QBD PTD KDR DQQDTQR @M@KXSHPTDR CDR MTSQHLDMSR BNMSQHAT@MS @T B@KBTK NMS TMD
HMEKTDMBD RTQ K@ SDMDTQ DM FKTBHCDR -DR FKTBHCDR CHRONMHAKDR O@Q CHEE`QDMBD RNMS  BDODMC@MS  OKTR
@BBDOS@AKDR PTD KDR FKTBHCDR SNS@TW O@Q CHEE`QDMBD O@QBD PTD KDR FKTBHCDR CHRONMHAKDR O@Q CHEE`QDMBD
QDOQ`RDMSDMS @T LNHMR KDR FKTBHCDR CHRONMHAKDR ONTQ KD BNQOR GTL@HM -DR rFKTBHCDR SNS@TW O@Q
CHEE`QDMBDsMDRNMSO@RQDBNLL@MC`RDSCDUQ@HDMSbSQDQDSHQ`RFQ@CTDKKDLDMSO@QBDPT{HKRHMBKTDMSKDR
EHAQDRDSKDRDQQDTQR@M@KXSHPTDRCDRMTSQHLDMSRBNMSQHAT@MS@TB@KBTK6MDDWOQDRRHNMBNLLDrFKTBHCDR
SNS@TW O@Q RNLL@SHNMs $)0$4.
 DRS OKTR @BBDOS@AKD O@QBD PTD B{DRS @TRRH TMD U@KDTQ @M@KXSHPTD

 
)F;LC< 9i.WGFEJ<J

$DODMC@MS FKTBHCDRCHRONMHAKDRDRSKDLNCDC{DWOQDRRHNMOQ`E`Q`-DREHAQDR@KHLDMS@HQDRMDRNMSO@R
CHF`Q`DR C@MR K{HMSDRSHM FQbKD CD K{GNLLD DS ENTQMHRRDMS LNHMR C{`MDQFHD @T BNQOR GTL@HM DM
BNLO@Q@HRNMCDRFKTBHCDRCHRONMHAKDR O@QQ@OONQS\J+NTO@QQ@OONQS\JB@KO@QF


2TDKPTDRA@MPTDRCDCNMM`DRBNMSHDMMDMSOKTRHDTQRDWOQDRRHNMRONTQKDRFKTBHCDRCTE@HSCDRCHEE`QDMSDR
DWHFDMBDRCDRTSHKHR@SDTQRNTCDK@Q`FKDLDMS@SHNM

-DRCDTWDWOQDRRHNMRCDRFKTBHCDRSNS@TWCNHUDMSENTQMHQCDRSDMDTQRRHLHK@HQDR$DSSDQDL@QPTDR{@OOKHPTD
@TRRH@TWCDTWDWOQDRRHNMRCDRFKTBHCDRCHRONMHAKDRwO@QCHEE`QDMBDDSDMONHCR-DRONHMSRRNMSNASDMTR
ONTQKDBK@RRDLDMSRHK{DWOQDRRHNMCDRFKTBHCDRSNS@TWO@QCHEE`QDMBDNTFKTBHCDRCHRONMHAKDRO@QCHEE`QDMBD
RNMSHMCHPT`R

:"@9I<J8C@D<EK8@I<JCB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8
*FK< *K ODTS bSQD TSHKD CD BNMRTKSDQ K@ EHFTQD CT EHBGHDQ 1%' O  C@MR '"0 

ESOESOE@NNQFCNBQDOE@NXDXDOCE

%`EHMHSHNMR
 -DREHAQDR@KHLDMS@HQDRSNS@KDRRDKNMK@L`SGNCD"0"$CD1QNRJXDRSK@L`SGNCDQDBNLL@MC`D&KKD
QDOQ`RDMSD TM L`K@MFD CD ONKXR@BBG@QHCDR MNM @LXK@B`R  CD KHFMHMDR  C{@LHCNM Q`RHRS@MS DS
C{NKHFNR@BBG@QHCDRQ`RHRS@MSR
 -DR ONKXR@BBG@QHCDR MNM @LXK@B`R  @TRRH @OODK`R EHAQDR RDKNM &MFKXRS *KR BNLOQDMMDMS KDR
ONKXR@BBG@QHCDR MNM @LXK@B`R L@HR DWBKTDMS KDR KHFMHMDR  K{@LHCNM Q`RHRS@MS DS KDR NKHFNR@BBG@QHCDR
Q`RHRS@MSR
 -DR EHAQDR RDKNM 4NTSGF@SD L`K@MFD CD ONKXR@BBG@QHCDR MNM @LXK@B`R  CD KHFMHMDR DS C{@LHCNM
Q`RHRS@MS ${DRS TMD @OOQNWHL@SHNM CD '*#5( DS KDTQ SDMDTQ CDUQ@HS bSQD RHLHK@HQD \ BDKKD CD '*#5(
ONTQ KDR @KHLDMSR R@MR @LHCNM Q`RHRS@MS -@ L`SGNCD 4NTSGF@SD MD C`SDQLHMD O@R BNQQDBSDLDMS
K{@LHCNMQ`RHRS@MS DMF`M`Q@KKDTQRU@KDTQRRNMSOKTRG@TSDRPTDBDKKDRC`SDQLHM`DRO@Q'*#5(
 -DREHAQDRRDKNMK@L`SGNCD@TC`SDQFDMS@BHCD LNCHEH`DO@Q$K@MBX&KKDRBNLOQDMMDMSKDRKHFMHMDR K@
BDKKTKNRD PTDKPTDRG`LHBDKKTKNRDRDSODBSHMDR
 -DR EHAQDR RDKNM K@ L`SGNCD @T C`SDQFDMS MDTSQD &KKDR BNLOQDMMDMS KDR KHFMHMDR  K@ BDKKTKNRD DS
K{G`LHBDKKTKNRDHMRNKTAKD
 -@EHAQDAQTSD-DTQTSHKHR@SHNMDRSC`BNMRDHKK`DDMMTSQHSHNMGTL@HMDO@QBDPT{DKKDRMDQDBNTUQDMSPTD
CDREQ@BSHNMRCDRKHFMHMDR CDK@BDKKTKNRDDSCDK{G`LHBDKKTKNRD
 -DREHAQDRRDKNMCDRL`SGNCDRHMBNMMTDRNTLHWSDR

6R@FDRQDBNLL@MC`RC@MRKDRS@AKDRDSA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR
 -D OKTR QDBNLL@MC` O@QBD PT{HK QDBNTUQD @T LHDTW KDR BNMRSHST@MSR @X@MS CDR QfKDR CD EHAQDR
@KHLDMS@HQDR R`KDBSHNMMDYTMRDTKS@FM@LD

 -D LNHMR QDBNLL@MC` O@QBD PT{HK DRS NARNKaSD ONTQ K@ MTSQHSHNM GTL@HMD R`KDBSHNMMDY TM RDTK
S@FM@LD


$K@RRDLDMSCDRSDMDTQR
 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD

 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD



08>E8D< FII<JGFE;8E:< 1J8><I<:FDD8E;W;8EJC<J C8JJ<D<EK;<J
8M<:C8 K89C<J<K98EHL<J;<;FEEW<JJLI K<E<LIJ
;W=@E@K@FE C8:FDGFJ@K@FE;<J8C@D<EKJ
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.1!,1,1.   

 
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1NTQUNSQDHMENQL@SHNM
*KM{DWHRSDO@RCDBNMRDMRTRHMSDQM@SHNM@KRTQTMDC`EHMHSHNMOQ`E`Q@AKDCDREHAQDR@KHLDMS@HQDR L@HR'*#5(
QDOQ`RDMSD K@ L`SGNCD PTH QDBNTUQD CD K@ E@_NM K@ OKTR BNLOKaSD KDR EQ@BSHNMR CDR EHAQDR %{@TSQDR
L`SGNCDRC{@M@KXRDRNMSDMBNTQRCDC`UDKNOODLDMSONTQ@M@KXRDQK{@LHCNMQ`RHRS@MSCDE@_NMDMBNQDOKTR
DWG@TRSHUD

;2@K8D@E<CB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

%`EHMHSHNMR
 7HS@LHMD$RNLLDCDK{@BHCD-@RBNQAHPTDDSCDK{@BHCD-C`GXCQN@RBNQAHPTD*KRRNMSMNQL@KDLDMS
@M@KXR`RO@Q)1-$
 "BHCD -@RBNQAHPTD KDR SDMDTQR RNMS BNLO@Q@AKDR \ BDKKDR CD K@ UHS@LHMD $ C@MR KDR @KHLDMSR MNM
SQ@MRENQL`R-@SHSQHL`SQHDDRSTSHKHR`DDSODTS@M@KXRDQTMHPTDLDMSK{@BHCD-@RBNQAHPTD

6R@FDRQDBNLL@MC`RC@MRKDRS@AKDRDSA@MPTDRCDCNMM`DRRTQK@BNLONRHSHNMCDR@KHLDMSR
 3DBNLL@MC`
 "BBDOS@AKDONTQKDREQTHSRDSK`FTLDREQ@HR

$K@RRDLDMSCDRSDMDTQR
 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD

 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR R`KDBSHNMMDYTMRDTKS@FM@LD


08>E8D< FII<JGFE;8E:< 1J8><I<:FDD8E;W;8EJC<J C8JJ<D<EK;<J
8M<:C8;W=@E@K@FE K89C<J<K98EHL<J;<;FEEW<JJLI K<E<LIJ
C8:FDGFJ@K@FE;<J8C@D<EKJ
4'2!   
1!*   

<"FC8K<JCB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

%`EHMHSHNMR
 "BHCDENKHPTD@BHCDENKHPTDRXMSG`SHPTDTSHKHR`ONTQK{DMQHBGHRRDLDMS
 'NK@SDRSNS@TWENK@SDR@KHLDMS@HQDR @BHCDENKHPTD*KRHMBKTDMS\K@ENHRKDRENK@SDRBNMITFT`RDSKHAQDR
DSRNMSC`SDQLHM`RO@QTMDL`SGNCDLHBQNAHNKNFHPTD
 'NK@SDR @KHLDMS@HQDR ENK@SDR M@STQDKKDLDMS OQ`RDMSR C@MR KDR @KHLDMSR  @M@KXR`R O@Q TMD L`SGNCD
LHBQNAHNKNFHPTD
 -{`PTHU@KDMS ENK@SD @KHLDMS@HQD %'&
 ENK@SDR @KHLDMS@HQDR OS`QNXKONKXFKTS@L@SDR
    W @BHCD
ENKHPTDRXMSG`SHPTD @BHCDOS`QNXKLNMNFKTS@LHPTD

 4NLLD CDR UHS@LaQDR CDR ENK@SDR C`SDQLHM`R O@Q )$-1$)1- &KKD BNLOQDMC OQHMBHO@KDLDMS KD
S`SQ@GXCQNENK@SD KDL`SGXKDS`SQ@GXCQNENK@SD KDENQLXKDS`SQ@GXCQNENK@SD K{@BHCDENQLXKDENKHPTD KD
ENQLXKDCHGXCQNENK@SDDSK{@BHCDENKHPTD

$K@RRDLDMSCDRSDMDTQR
 5@FM@LD PTH ENTQMHS K@ OKTR G@TSD SDMDTQ O@QLH SNTSDR KDR C`EHMHSHNMR *K X @ SQNHR S@FM@LDR PTH
CNMMDMSKDRLbLDRPT@MSHS`RHMCHPTDYONTQBG@BTMCDRSQNHR

 5@FM@LDPTHENTQMHSK@CDTWHaLDOKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR

08>E8D< FII<JGFE;8E:<8M<:C8 C8JJ<D<EK ;<J K<E<LIJ ;8EJ
;W=@E@K@FE C<J8C@D<EKJEFE<EI@:?@J
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$K@RRDLDMSCDRSDMDTQR
 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@CDTWHaLDOKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@SQNHRHaLDOKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@PT@SQHaLDOKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR

08>E8D< C8JJ<D<EK;<JK<E<LIJ;8EJC<J8C@D<EKJ<EI@:?@JHL8E;C<E@M<8L
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SNQSKDSDQLDr@BHCDENKHPTDs@KNQRPT{DKKDRO@QKDMSCDrENK@SDRs$DSSDOQ@SHPTDCNHSbSQD`UHS`D B@QDKKDODTS
DMSQ@dMDQ TMD BNMETRHNM -{@BHCD ENKHPTD M{DRS O@R OQ`RDMS M@STQDKKDLDMS C@MR KDR @KHLDMSR L@HR DRS
DLOKNX`ONTQK{DMQHBGHRRDLDMS

%@MR K@ OKTO@QS CDR B@R  K@ L`SGNCD LHBQNAHNKNFHPTD ENTQMHS CDR Q`RTKS@SR RHFMHEHB@SHUDLDMS OKTR `KDU`R
BNLO@Q`R\BDTWCDK@$-)1$DSSDCDTWHaLDL`SGNCDDRSDMBNTQRCDC`UDKNOODLDMS L@HR\BDINTQK@
L`SGNCDLHBQNAHNKNFHPTDDRSK@L`SGNCDOQ`E`Q`D$DODMC@MS TMMNLAQDBQNHRR@MSCDS@AKDRDSA@MPTDR
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RNMSOKTRA@RRDR ITRSHEH@MSCDRDMQHBGHRRDLDMSROKTRMNLAQDTWDSOKTR`KDU`R

%@MRKDR@KHLDMSRMNMDMQHBGHR  '0-  '0-%'& DS'0-'%NMSSNTRK@LbLDPT@MSHS` CDENK@SDR O@QBD
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DRSOKTRA@RB@QSNTRKDRENK@SDRM@STQDKKDLDMSOQ`RDMSRMDRNMSO@RDWSQ@HSR DS'0-"$DRSKDOKTRA@RB@QR@
SDMDTQDRS\Y`QN

%@MR KDR @KHLDMSR DMQHBGHR  PT@MC K@ PT@MSHS` C{@BHCD ENKHPTD DRS OKTR FQ@MCD PTD BDKKD CDR ENK@SDR
M@STQDKKDLDMS OQ`RDMSR  '0-%'& QDOQ`RDMSD K@ SDMDTQ K@ OKTR `KDU`D B@Q K@ PT@MSHS` C{@BHCD ENKHPTD DRS
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=2@K8D@E<CB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

%`EHMHSHNMR
 "BSHUHS` SNS@KD DM UHS@LHMD" DWOQHL`D DM LBF `PTHU@KDMS Q`SHMNK 3&
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 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR
 5@FM@LDPTHENTQMHSK@OKTRA@RRDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR

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CDUQ@HDMS bSQD @OOKHPT`R @TW B@QNSaMDR  DM ENMBSHNM CD K@ L@SQHBD @KHLDMS@HQD *K RDQ@HS RNTG@HS@AKD CD
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>2@K8D@E<!CB<AGF`CB<AGCBHE6;4DH8EOCBAF86BEE86G8

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5&

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 7HS@LHMD% % %
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 7HS@LHMD% % WGXCQNWXBGNK`B@KBHE`QNK &PTHU@KDMSUHS@LHMD%DRSTSHKHR`@T3NX@TLD6MH
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 5@FM@LDPTHENTQMHSK@OKTRG@TSDSDMDTQO@QLHSNTSDRKDRC`EHMHSHNMR

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 K@ ENQLTKD CDR U@KDTQR MTSQHSHNMMDKKDR CD K@ QDBDSSD ONTQ  F DRS BNMRSQTHSD CD BDSSD
L@MHaQD DWBDOS` ONTQ K{D@T DS 9/
 ${DRS K@ RNLLD CD K@ U@KDTQ MTSQHSHNMMDKKD CD SNTR KDR
HMFQ`CHDMSR CHUHR`D 
O@QKDONHCRCDK@QDBDSSDBTHSDDSLTKSHOKH`D
O@QONTQ@QQHUDQ\
FCDQDBDSSD1@QDWDLOKDz3& {RHFMHEHDPTDK@U@KDTQMTSQHSHNMMDKKDCDR
HMFQ`CHDMSRC{`MDQFHD 3
DRSCHUHR`D 
O@QKDONHCRCDK@QDBDSSDBTHSD &
DSLTKSHOKH`D

 O@Q  ONTQ @QQHUDQ \  F CD QDBDSSD -D RHFMD  @U@MS KD & DS @U@MS  HMCHPTD \

 
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K{NQCHM@SDTQ CD SNTINTQR OQDMCQD DM BNLOSD BDSSD B@RD RO`BHEHPTD ONHCR CD K@ QDBDSSD BTHSD

C@MRKDB@KBTKCDRSDMDTQR PT@MCUNTRBNOHDYBDSSDENQLTKD\C{@TSQDRB@RDRONTQB@KBTKDQK@
U@KDTQMTSQHSHNMMDKKDC{@TSQDRMTSQHLDMSR
K@ENQLTKDONTQK@U@KDTQCDK{D@TDRSK@U@KDTQCDK{D@TCDK{@KHLDMSBQTLNHMRK@CHEE`QDMBD
DMSQDKDONHCRCDK{@KHLDMSBQTDSBTHS$DSSDRNLLDDRSCHUHR`DO@QKDONHCRBTHSDSKDQ`RTKS@S
DRSLTKSHOKH` O@QONTQ NASDMHQ KD ONHCRONTQ FC{@KHLDMS BTHS6MD@C@OS@SHNM CDK@
ENQLTKDM{DRSO@RM`BDRR@HQD
 K@ENQLTKDCDK@B@RDCD 9/ E@BSDTQCDBNMUDQRHNMC{@YNSDDMOQNS`HMDR
 BNQQDRONMC\K@
U@KDTQCDROQNS`HMDRCHUHR`DO@QK@U@KDTQC{@YNSD1@QDWDLOKDz:9{HMCHPTDPTDK@
U@KDTQCDROQNS`HMDR :
DRSCHUHR`D 
O@QK@U@KDTQC{@YNSD 9
6MD@C@OS@SHNMCDK@
ENQLTKDM{DRSO@RM`BDRR@HQD
 $NOHDY KDR ENQLTKDR CD B@KBTK CDR SDMDTQR DM MTSQHLDMSR \ O@QSHQ CD BDKKDR CD K{DWDLOKD ONTQ
BNOHDQKDRENQLTKDRTSHKHRDYrBNKK@FDsDSMNMrBNKK@FDRO`BH@Ks

 &MSQDYKDE@BSDTQCDQDMCDLDMSBNQQDBSONTQK@QDBDSSDC@MRK@B@RDzE@BSDTQCDQDMCDLDMS{ C@MR
BDSDWDLOKD&
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DW@BSDRCDRE@BSDTQRCDQDMCDLDMSDSCDQ`SDMSHNMCDRMTSQHLDMSRDSKDRANMMDRB@RDRBNMSDM@MSKDR
SDMDTQRDMMTSQHLDMSRCDR@KHLDMSRBQTROTHRBNOHDYKDRENQLTKDRONTQSNTSDRKDRU@KDTQRR@TEONTQ
8"5&3 K{D@T
DS9/
6MD@C@OS@SHNMCDRENQLTKDRM{DRSO@RM`BDRR@HQDONTQKDRB@RDRCDONHCRBTHSCDK@QDBDSSD 
K{D@TDS9/
1@QDWDLOKD@C@OSDYK@ENQLTKDCDK{`MDQFHDz3 &
3{ONTQFCDQHY
AK@MBANTHKKH&KKD@EEHBGDK@B@RDCDK{`MDQFHDCTQHYAK@MBBQTONTQF 3
LTKSHOKH`D

O@QKDONHCRCDQHYC@MRK@QDBDSSD &
CHUHR`DO@QONTQ@QQHUDQ\R@OQNONQSHNMCDONHCR
CDK{HMFQ`CHDMSC@MRK@QDBDSSD OTHRLTKSHOKH`DO@QKDE@BSDTQCDQ`SDMSHNMCTFQNTODz$`Q`@KDR
DSOQNCTHSRC`QHU`R{zE@BSDTQCDQ`SDMSHNMANTHKKH{ 3
-DRHFMD@U@MSKD&DS@U@MS
HMCHPTD\K{NQCHM@SDTQCDSNTINTQROQDMCQDDMBNLOSDBDSSDB@RDRO`BHEHPTD ONHCRCDQHYC@MR
K@QDBDSSD
C@MRKDB@KBTKCDRSDMDTQR PT@MCUNTRBNOHDYBDSSDENQLTKD\C{@TSQDRB@RDRONTQ
B@KBTKDQK@U@KDTQMTSQHSHNMMDKKDC{@TSQDRMTSQHLDMSR'@HSDRK@LbLDBGNRDONTQK{`MDQFHDCDK@
SNL@SD DS CD K@ L@QF@QHMD PTH CNHUDMS HMCHPTDQ QDRODBSHUDLDMS KD E@BSDTQ CD Q`SDMSHNM CT
FQNTODCDRK`FTLDREQHSRDSL@SHaQDRFQ@RRDREQHSDR
 1@Q DWDLOKD@C@OSDY z46. 33
{ PTH RHFMHEHD PTD K@ RNLLD CDR U@KDTQR C{`MDQFHD
CDR SQNHR HMFQ`CHDMSR CD K@ QDBDSSD CD 3 \ 3
 DRS B@KBTK`D %@MR BD B@R RO`BHEHPTD 
@TBTMD @C@OS@SHNM M{DRS M`BDRR@HQD 1@Q BNMSQD  TMD @C@OS@SHNM CNHS bSQD E@HSD RH KD MNLAQD
C{HMFQ`CHDMSRBG@MFD4{HKX@HMFQ`CHDMSR K@RNLLDCNHSHMBKTQDKDRHMFQ`CHDMSR/{NTAKHDY
O@RC{@C@OSDQ@TRRHK@RNLLDCDRONHCRCDRHMFQ`CHDMSRC@MRK@QDBDSSD &
RHM`BDRR@HQD
 1@Q DWDLOKD@C@OSDY z3& { PTH RHFMHEHD PTD K@ U@KDTQ MTSQHSHNMMDKKD CDR
HMFQ`CHDMSRC{`MDQFHD 3
DRSCHUHR`D 
O@QKDONHCRCDK@QDBDSSDBTHSD &
DSLTKSHOKH`D

 O@Q  ONTQ @QQHUDQ \  F CD QDBDSSD -D RHFMD  @U@MS KD & DS @U@MS  HMCHPTD \
K{NQCHM@SDTQ CD SNTINTQR OQDMCQD DM BNLOSD BDSSD B@RD RO`BHEHPTD ONHCR CD K@ QDBDSSD BTHSD

C@MRKDB@KBTKCDRSDMDTQR PT@MCUNTRBNOHDQHDYBDSSDENQLTKD\C{@TSQDRB@RDRONTQB@KBTKDQK@
U@KDTQMTSQHSHNMMDKKDC{@TSQDRMTSQHLDMSR
 %@MR BDS DWDLOKD  BNOHDY KDR B@RDR CD K{`MDQFHD PTD UNTR @UDY @C@OS`DR 3 \ 3
 DS
BNKKDYKDR@TWB@RDRBNQQDRONMC@MSDRCDR@TSQDRMTSQHLDMSR DWBDOS`ONTQK{D@TDS9/

 7`QHEHDY PTDUNRB@KBTKRRNMSBNQQDBSRDSPT{@TBTMDU@KDTQY`QNM{@`S`F`M`Q`DO@Q@BBHCDMS R{HK
M{DWHRSD O@R CD U@KDTQ ONTQ SNTR KDR HMFQ`CHDMSR DS PTD K@ ENQLTKD DRS R@HRHD  &WBDK F`M`QDQ@ TMD
U@KDTQONTQK@QDBDSSD

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C@MR
K@KHFMDHMR`Q`D UNHQ`S@OD
DSBNOHDYDMRTHSDK@KHFMDCDK@EDTHKKDCDB@KBTKrB@KBTKCDQDBDSSDRs
C@MRK@EDTHKKDCDB@KBTKrA@MPTDCDCNMM`DRCDQ`E`QDMBDsNhUNTRCDUQDY@TRRHCNBTLDMSDQKDR
MNTUDKKDRSDMDTQR

*MRSQTBSHNMRRO`BH@KDRONTQK{DWDQBHBDRTQKDEHBGHDQ&WBDK
*4CC8?8M IBHF5<8ADH8?ZHG<?<F4G<BA7ZK68?8K<:8HAGE4I4<?GEPF4GG8AG<9
-G<?<F8MW6B??4:8FCO6<4?XCBHE6BC<8E?8FG8A8HEF8G
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8A7EB<GF<A6BEE86GF6BA7H<GN78FEOFH?G4GF<A6BEE86GF
Z8FGCBHEDHB<<?94HGGBH=BHEFIOE<9<8EDH8?8F9BE@H?8FF8EO9PE8AG4HK
5BAA8F64F8F8G<?94HGGBH=BHEFEO9?O6;<E4I4AG7ZHG<?<F8EW6B??4:8XW6B??4:8FCO6<4?XBHW<AFOE8EXF<6Z8FG?45BAA89BA6G<BA

 %@MRK@EDTHKKDCDB@KBTKrA@MPTDCDCNMM`DRCDQ`E`QDMBDs BQ`DYTMMNTUDKDMQDFHRSQDLDMS\K@
KHFMD R@HRHRRDY KD MNL CD K@ QDBDSSD  KD BNCD CD K{@KHLDMS   3 ONTQ QDBDSSD C@MR K@
B@RD%
KDMTL`QNCDMSQ`DCDK@KHLDMSDSK@RNTQBD rB@KBTK`D@UDBK@L`SGNCDLHWSDs
1THR
BNOHDYK@KHFMD\K@KHFMDCDK@EDTHKKDCDB@KBTKrB@KBTKCDRQDBDSSDRs
 tO@QSHQCDK@EDTHKKDCDB@KBTKrA@MPTDCDCNMM`DRCDQ`E`QDMBDs BNOHDYKDRKHFMDR 3HY AK@MB 
FQ@HM QNMC  ANTHKKH
 5NL@SD  LiQD  BQTD w DMQDFHRSQDLDMS EHM@K
 DS .@QF@QHMD   CD
L@SHaQDRFQ@RRDR FQ@HRRDU`F`S@KD
DSBNKKDYKDRQDRODBSHUDLDMSC@MRKDRKHFMDR DSC@MR
K@EDTHKKDCDB@KBTKrB@KBTKCDRQDBDSSDRs6SHKHRDYK@ENMBSHNMr6B??4:8FCO6<4?srU@KDTQRs4@HRHRRDY
C@MRKDRB@RDR&&DS&ONTQHMCHPTDQPT{HKR{@FHSCDSDMDTQRDMMTSQHLDMSRQ@OONQS`DR\
FC{@KHLDMSBNLDRSHAKD

&EEDBSTDY@KNQRKDRNO`Q@SHNMRRTHU@MSDRC@MRK@EDTHKKDCDB@KBTKrB@KBTKCDQDBDSSDRs
 $NOHDYQDRODBSHUDLDMSKDRKHFMDRC@MRKDRKHFMDR
 4@HRHRRDY KDR ONHCR CDR HMFQ`CHDMSR LDMSHNMM`R BHCDRRTR C@MR KDR B@RDR &&    DS
QDRODBSHUDLDMS

 4@TE ONTQ 9/  @C@OSDY SNTSDR KDR SDMDTQR DM MTSQHLDMSR CDR HMFQ`CHDMSR KHFMDR 
 DM
ENMBSHNM CDR ONHCR CDR HMFQ`CHDMSR C@MR K@ QDBDSSD DS CDR E@BSDTQR CD Q`SDMSHNM CDR MTSQHLDMSR
BNQQDRONMC@MSR 1@Q DWDLOKD  C@MR K@ B@RD3 S@ODY K@ ENQLTKD 3 &
3
@C@OS@SHNM CD K@ U@KDTQ MTSQHSHNMMDKKD @T ONHCR CD K{HMFQ`CHDMS C@MR K@ QDBDSSD DS CT E@BSDTQ CD
Q`SDMSHNM CDR MTSQHLDMSR ONTQ KDR B`Q`@KDR BTHSDR DS KDR OQNCTHSR B`Q`@KHDQR
 %@MR K@ B@RD3
S@ODY K@ ENQLTKD 3 &
3 E@HR@MS Q`E`QDMBD @T ONHCR CD K@ SNL@SD DS @TW
E@BSDTQRCDQ`SDMSHNMCDRMTSQHLDMSRONTQKDRK`FTLDREQHSR
%@MRK@B@RD3S@ODYK@ENQLTKD
3 &
3 E@HR@MSQ`E`QDMBD@TONHCRCDK@L@QF@QHMDDS@TWE@BSDTQRCDQ`SDMSHNM
CDR MTSQHLDMSR CDR FQ@HRRDR DS GTHKDR EQHSDR
 NTAKHDY O@R CD R@HRHQ  DM C`ATS CD ENQLTKD DS KDR
RHFMDR@U@MS&DSwRHMNMKDRENQLTKDRMDL@QBGDMSO@R$NOHDY@KNQRK@ENQLTKDC@MRKDR
B@RDRNhHKDWHRSDCDRSDMDTQRDMMTSQHLDMSRDWOQHL`DRONTQFC@MRK{@KHLDMSBNQQDRONMC@MS
%DBDSSDE@_NM KDRE@BSDTQRCDQ`SDMSHNMCDRMTSQHLDMSRRNMS@OOKHPT`R@TMHUD@TCDK{HMFQ`CHDMS
 $NOHDY KDR KHFMDR  C@MR KDR KHFMDR  B{DRS\CHQD BNOHDY KDR ENQLTKDR CD K@ L`SGNCD
zLHWSD{C@MRUNSQDQDBDSSD

 4@HRHRRDY KD E@BSDTQ CD QDMCDLDMS BNQQDBS  
 C@MR K@ B@RD & DS KD RXRSaLD B@KBTKDQ@
@TSNL@SHPTDLDMSKDONHCR@OQaRBTHRRNM RHBDM{DRSO@RE@HS@TSNL@SHPTDLDMSUNTRCDUDYBNOHDQ\
MNTUD@TKDRKHFMDRDSKDRBNKKDQC@MRKDRKHFMDRUDHKKDQ\MDO@RTSHKHRDQr6B??4:8FCO6<4?s
rU@KDTQRs

 7`QHEHDYPTDONTQKDOQDLHDQMTSQHLDMS K@RNLLDCDRSDMDTQRDMMTSQHLDMSRONQSDAHDMRTQSNTR
KDR HMFQ`CHDMSR CD K@ QDBDSSD 1@Q DWDLOKD  C@MR K@ B@RD3  K@ ENQLTKD CNHS bSQD 46.
33
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L@HR<E<O:CL8EK4*

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CDR U@KDTQR MTSQHSHNMMDKKDR CD K@ QDBDSSDONTQ F DRS K@ RNLLD CD K@ U@KDTQ MTSQHSHNMMDKKD CDR
HMFQ`CHDMSRCHUHR`D 
O@QKDONHCRCDK@QDBDSSDBTHSDDSLTKSHOKH`D
O@QONTQ@QQHUDQ\F
CDQDBDSSD1@QDWDLOKD C@MRK@B@RD3K@ENQLTKDCNHSbSQDz3& {PTHRHFMHEHD
PTD K@ U@KDTQ MTSQHSHNMMDKKD CDR HMFQ`CHDMSR C{`MDQFHD 3
 DRS CHUHR`D 
 O@Q KD ONHCR CD K@
QDBDSSD BTHSD &
 DS LTKSHOKH`D
 O@Q  ONTQ @QQHUDQ \  F CD QDBDSSD %@MR BD B@R  KD
E@BSDTQ CD QDMCDLDMS DRS @OOKHPT` @T MHUD@T CD K@ QDBDSSD -D RHFMD  @U@MS KD & DS @U@MS 
HMCHPTD \ K{NQCHM@SDTQ CD SNTINTQR OQDMCQD DM BNLOSD BDSSD B@RD RO`BHEHPTD ONHCR CD K@ QDBDSSD
BTHSD
C@MRKDB@KBTKCDRSDMDTQR PT@MCUNTRBNOHDQHDYBDSSDENQLTKD\C{@TSQDRB@RDRONTQB@KBTKDQ
K@U@KDTQMTSQHSHNMMDKKDC{@TSQDRMTSQHLDMSR"OQaR BNOHDYBDSSDENQLTKDONTQSNTRKDRMTSQHLDMSR
J8L=30!.<K4*

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SDMDTQDM@YNSD9/1305$/5/5
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M{DWHRSD O@R CD U@KDTQ ONTQ @TBTM CDR HMFQ`CHDMSR BQTR  RHMNM  UNTR @KKDY OQNCTHQD CDR Y`QNR ONTQ
SNTSDRKDRCNMM`DRL@MPT@MSDR BDPTHQDOQ`RDMSDTMDFQ@UDDQQDTQ

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C@MRK@Q`ONMRDBNQQDRONMC@MSDKDRMNLAQDRDSENQLTKDRNASDMTRC@MRK{r0TSHKONTQK@BNLOHK@SHNMs

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