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+9-()0-2)7*367)6:-')%&-0-8=0-1-878%8)7 -RJSVQEXMZI 8LMW %TTIRHM\ KMZIW KYMHIPMRIW JSV XLI WIVZMGIEFMPMX] PMQMX WXEXIW VIWYPXMRK JVSQ HIJSVQEXMSRSJGSQTPIXIWXVYGXYVIWERHQIQFIVWSJWXVYGXYVIWYRHIVPSEH )\GITX[LIVIEFWSPYXIPMQMXWEVIVIUYMVIHMXMWKIRIVEPP]FIWXXSHIEP[MXLHIJPIGXMSRHIWMKR MRXIVQWSJXLIMRHMZMHYEPPSEHWFIMRKETTPMIH JSVI\EQTPIMXMWYWYEPP]TVIJIVEFPIXSHIEP [MXL XLI IJJIGXW SJ TIVQERIRX PSEHW WITEVEXIP] JVSQ XLI HIJPIGXMSR IJJIGXW SJ XVERWMIRX SV WLSVXXIVQ PSEHW 9RPMOIP] GSQFMREXMSRW SJ EGXMSRW RIIH RSX FI GSRWMHIVIH ERH XSXEP HIJPIGXMSR YWYEPP] SRP] RIIHW XS FI GSRWMHIVIH [LIVI EFWSPYXI GPIEVERGI PMQMXW QYWX FI QEMRXEMRIH +YMHERGISRPMQMXWJSVXLIHIWMKRSJQIQFIVWJSVWIVZMGIEFMPMX]MWKMZIRMR8EFPI'8LMW 8EFPIMHIRXMJMIWHIJPIGXMSRPMQMXWVIPEXIHXSEGXMSRW[MXLERERRYEPTVSFEFMPMX]SJI\GIIHERGI SJ FI]SRH[LMGLWIVZMGIEFMPMX]TVSFPIQWLEZIFIIRSFWIVZIH7YGLFSYRHEVMIW JSV EGGITXERGI EVI MQTVIGMWI ERH WLSYPH FI XVIEXIH EW E KYMHI SRP] 8LIWI PMQMXW EVI RSX ETTPMGEFPIMREPPWMXYEXMSRW 8EFPI'MWEVVERKIHMRXSFYMPHMRKIPIQIRXWXLEXGSYPHFIEJJIGXIHF]XLIWXVYGXYVI*SVIEGL IPIQIRXWIZIVEPTSWWMFPIGSRXVSPTLIRSQIREEVITVIWGVMFIHIEGLSJ[LMGLHIXEMPh E
XLIWIVZMGIEFMPMX]TEVEQIXIVJSV[LMGLXLIGSRXVSPMWMRXIRHIH
F
XLIEGXMSRXLEXMWXSFIETTPMIHXSXLIWXVYGXYVI ERH
G
XLIEGGITXEFPIVIWTSRWISJXLIIPIQIRXXSXLEXEGXMSR
(MJJIVIRX HIJPIGXMSR PMQMXW QE] ETTP] HITIRHMRK SR XLI TLIRSQIRSR GSRXVSPPIH ERH XLI QSWXWXVMRKIRXETTVSTVMEXIPMQMXWLSYPHGSRXVSPXLIHIWMKR8LIIRZMVSRQIRXSJXLISFWIVZIV MRJPYIRGIW XLI XSPIVERGI SJ TISTPI XS WIRWSV] HIJPIGXMSR ;LIVI E PSX SJ QSZIQIRX MW SGGYVVMRKXLIWXEXIHWIRWSV]PMQMXWGERSJXIRFII\GIIHIH[MXLSYXGSQTPEMRX *YVXLIVMRJSVQEXMSRMWKMZIRMRXLIGSQQIRXEV]XSXLMW7XERHEVH
'34=6-+,8
%72>7
8%&0)' 79++)78)(7)6:-')%&-0-8=0-1-878%8)'6-8)6-% )PIQIRX 6SSJGPEHHMRK 1IXEPVSSJGPEHHMRK
4LIRSQIRSR GSRXVSPPIH
7IVZMGIEFMPMX] TEVEQIXIV
%TTPMIH EGXMSR
)PIQIRXVIWTSRWI WII2SXIWERH 7TERFYX QQ
-RHIRXEXMSR
6IWMHYEPHIJSVQEXMSR
5!O2
(IGSYTPMRK
1MHWTERHIJPIGXMSR
+ERH
W 5
7TER
'SRGVIXISVGIVEQMGVSSJGPEHHMRK
'VEGOMRK
1MHWTERHIJPIGXMSR
+ERH
W 5
7TER
6SSJWYTTSVXMRKIPIQIRXW 6SSJQIQFIVW XVYWWIWVEJXIVWIXG 6SSJIPIQIRXWWYTTSVXMRKFVMXXPI GPEHHMRKW
7EK 'VEGOMRK
1MHWTERHIJPIGXMSR +ERH P5 1MHWTERHIJPIGXMSR +ERH W 5 SV ;W
'IMPMRKERHGIMPMRKWYTTSVXW 'IMPMRKW[MXLQEXXSVKPSWWTEMRXJMRMWL 'IMPMRKW[MXLXI\XYVIHJMRMWL 7YWTIRHIHGIMPMRKW 'IMPMRKWYTTSVXJVEQMRK 'IMPMRKW[MXLTPEWXIVJMRMWL ;EPPIPIQIRXW 'SPYQRW 4SVXEPJVEQIW JVEQIVEGOMRKEGXMSR 0MRXIPFIEQW ZIVXMGEPWEK
6MTTPI 6MTTPI
1MHWTERHIJPIGXMSR 1MHWTERHIJPIGXMSR
6MTTPI 7EK 'VEGOMRK
+ +
7TER 7TER
7TER WII2SXI 7TER
1MHWTERHIJPIGXMSR + 1MHWTERHIJPIGXMSR + 1MHWTERHIJPIGXMSR +ERH W 5SV ;W
7TER 7TER 7TER
7MHIW[E] 6SSJHEQEKI (SSVW[MRHS[WNEQ
(IJPIGXMSREXXST (IJPIGXMSREXXST 1MHWTERHIJPIGXMSR
;W ; WSV)W ;W
,IMKLX 7TEGMRK 2SXI 7TERFYX QQ WII2SXI
(MWGIVRIHQSZIQIRX -QTEGX WSJXFSH] RIMKLFSYVWRSXMGI
1MHLIMKLXHIJPIGXMSR 1MHLIMKLXHIJPIGXMSR
;W 5!O2
,IMKLX ,IMKLXFYX QQ WII2SXI
7YTTSVXIHIPIQIRXW VEXXPI
1MHLIMKLXHIJPIGXMSR
;W
,IMKLX
'VEGOMRK
1MHLIMKLXHIJPIGXMSR
;W
,IMKLX
2SXMGIEFPIGVEGOMRK 2SXMGIEFPIGVEGOMRK
(IJPIGXMSREXXST (IJPIGXMSREXXST
; WSV)W ; WSV)W
,IMKLX ,IMKLX
4PEWXIVK]TWYQ[EPPW MRTPERI JEGIPSEHMRK
0MRMRKHEQEKI 0MRMRKHEQEKI
1MHLIMKLXHIJPIGXMSR 1MHLIMKLXHIJPIGXMSR
;W ; WSV)W
,IMKLX ,IMKLX
1SZEFPITEVXMXMSRW WSJXFSH]MQTEGX
7]WXIQHEQEKI
(IJPIGXMSREXXST
5!O2
,IMKLX
+PE^MRKW]WXIQW ;MRHS[WJEGEHIWGYVXEMR[EPPW *M\IHKPE^MRKW]WXIQW
&S[MRK *EGEHIHEQEKI +PEWWHEQEKI
1MHWTERHIJPIGXMSR 1MHWTERHIJPIGXMSR (IJPIGXMSR
;W ; WSV)W ; WSV)W
7TER 7TER »KPEWWGPIEVERGI WII2SXI
7EK
1MHWTERHIJPIGXMSR
+ERH
P
5
7TER WII2SXIW
7EK
1MHWTERHIJPIGXMSR
+ERH
P
5
7TER
6MTTPI 7EK
1MHWTERHIJPIGXMSR 1MHWTERHIJPIGXMSR
+ERH +ERH
5 5
7TER 7TER
:MFVEXMSR
7XEXMGQMHWTER HIJPIGXMSR
2SXMGIEFPIWEK 2SXMGIEFPIWEK
1MHWTERHIJPIGXMSR 1MHWTERHIJPIGXMSR
7[E]
%GGIPIVEXMSREXJPSSV
;EPPGVEGOMRK 'VEGOWMRPMRMRK
1MHWTERHIJPIGXMSR 1MHWTERHIJPIGXMSR
;EPPWh+IRIVEP JEGIPSEHIH
;EPPWh7TIGMJMGGPEHHMRKW WII2SXI &VMXXPIGPEHHMRK GIVEQMG JEGIPSEHIH 1EWSRV][EPPW MRTPERI JEGIPSEHMRK
*PSSVWERHJPSSVWYTTSVXW &IEQW[LIVIPMRISJWMKLXMWEPSRK MRZIVX &IEQW[LIVIPMRISJWMKLXMWEGVSWW WSJJMX *PSSVMRK *PSSVNSMWXWFIEQW *PSSVW 2SVQEPJPSSVW]WXIQW 7TIGMEPMWXJPSSVW]WXIQW *PSSVWh7MHIW[E] EGGIPIVEXMSR *PSSVWh7YTTSVXMRKQEWSRV][EPPW *PSSVWh7YTTSVXMRKTPEWXIVPMRIH[EPPW
'34=6-+,8
P P
5!O2 +ERH +ERH
5 5
7TER 7TER
P5 P5
7TER 7TER
P P
;W +ERH +ERH
PIWWXLERXSQQ WII2SXI
K
%72>7
238)7
0SRKXIVQ GVIIT [LIR TVIWIRX RIIHW XS FI MRGPYHIH MR EWWIWWMRK XLI PSRKXIVQ HIJPIGXMSR SJ QIQFIVW XLEX EVI TVSRI XS GVIIT-RWYGLGEWIWXLIPSRKXIVQJEGXSVIHSGGYTERG]PSEH+ P5WLSYPHFIGSRWMHIVIHJSVXLIGVIITGSQTSRIRXERHXLI HMJJIVIRGIFIX[IIRXLIWLSVXXIVQ ERH PSRKXIVQ JEGXSVIHSGGYTERG] PSEH W n P 5 EHHIHXS EGGSYRXJSV XLI MRGVIQIRXEP WLSVXXIVQHIJPIGXMSR
8LIWTERSVLIMKLXVEXMSWYWIHMRXLIHIJPIGXMSRGVMXIVMEEVIXLIGPIEVWTEGMRKFIX[IIRTSMRXWSJWYTTSVX
8LIHIJPIGXMSRPMQMXWJSVGIMPMRKWSVJPSSVWEVIWXVSRKP]MRJPYIRGIHF]XLIWYVJEGIJMRMWL+PEWWMWERI\XVIQII\EQTPI[LIVI XLI VIJPIGXMZI WYVJEGIW EQTPMJ] ETTEVIRX FS[MRK EW XLI VIJPIGXIH MQEKIW QSZI [MXL XLI WYVJEGI HMWXSVXMSRW 3FWIVZIVW EVI SJXIR HMWXYVFIH F] WYGL QSZIQIRXW 6MTTPI IJJIGXW ETTIEV QSVI TVSRSYRGIH [LIR XLI WYVJEGI MW JPEX ERH LEW E VIJPIGXMZI KPSWWJMRMWL 8I\XYVIHWYVJEGIWXIRHXS HMWKYMWIVMTTPI IJJIGXW 7YVJEGIWXLEX I\XIRH SZIVE[MHII\TERWIVIZIEPFSXLVMTTPI ERH WEK IJJIGXW [LIR PMKLX MW VIJPIGXIH JVSQ XLI WYVJEGI ;LIVI XLI XI\XYVI SJ XLI WYVJEGI MW YRORS[R XLI QSVI WXVMRKIRX GVMXIVMESJLMKLP]VIJPIGXMZIWYVJEGIW[MPPFIGSRWIVZEXMZI
8LIPMQMXMRKHIJPIGXMSRJSVTSVXEPJVEQIORIIHIJPIGXMSRWMWVIPEXIHXSXLIFILEZMSYVSJXLIGPEHHMRKFIX[IIRXLIsJVIITSVXEPt ERHEQSVIVMKMHTPERI X]TMGEPP]XLIIRH[EPPSJEWXVYGXYVI 8LIHIJPIGXMSRPMQMXSJWYGLTSVXEPWMWFEWIHSRXLIFE]WTEGMRK ERHEFMPMX]SJXLIGPEHHMRKXS[MXLWXERHMRTPERIWLIEVHMWXSVXMSR
4VSFPIQW[MXLZMWYEPP]WIRWIHHIJPIGXMSRWEVIJVIUYIRXP]HITIRHIRXSRXLITVIWIRGISJEZMWYEPGYIJSVXLISFWIVZIVXSKEYKI PMRIEVMX](IJPIGXMSRPMQMXWEVIXLIVIJSVIEJYRGXMSRSJXLIPMRISJWMKLXSJXLISFWIVZIV
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
3JXIRHMJJIVIRX[EPPGPEHHMRKWLEZIHMJJIVIRXXSPIVERGIWXSQSZIQIRX7SQISJXLIWILEZIFIIRWTIGMJMGEPP]PMWXIH
;LIVI QIQFIVW EVI TVIGEQFIVIH XLI TVIGEQFIV TVIWIRX GER FI HIHYGXIH JVSQ EWWIWWQIRXW SJ WEK ;LIVI GSRWXVYGXMSR TVSKVIWWIWMRWXEKIWXLIMRGVIQIRXEPTIVQERIRXEGXMSRSRP]RIIHWXSFIGSRWMHIVIHJSVWEK
*PSSV WEK QE] VIWYPX MR JYVRMXYVI XLEX VSGOW SV MW RSX JMVQP] WIEXIH SV HVEMREKI WYVJEGIW XLEX HS RSX JYRGXMSR EHIUYEXIP] 7TIGMEPMWX JPSSVW EVI XLSWI YTSR [LMGL XVSPPI]W QE] QSZI WIRWMXMZI IUYMTQIRX QE] FI MRWXEPPIH SV WTIGMEP EGXMZMXMIW IK FS[PWIXG QE]FIYRHIVXEOIR1SVIVIWXVMGXMZIHIJPIGXMSRPMQMXWQE]FIETTVSTVMEXIMWWYGLGEWIW
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%72>7
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(238%8-32 8LIRSXEXMSRMRXLMW%TTIRHM\LEWXLIJSPPS[MRKQIERMRKW -
! MQTSVXERGIJEGXSV EWKMZIRMR%7h
E
! EGGIPIVEXMSRGSIJJMGMIRX EWKMZIRMR%7h
7
! WMXIJEGXSV EWKMZIRMR%7h
OT
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(463&%&-0-8=*%'836 8LITVSFEFMPMX]JEGXSV O T JSVIEVXLUYEOIWLEPPFIEWWIXSYXMR8EFPI(
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