Embed Size (px)
Citation preview
CXC A10/U2/07
!"#$%%&"' &(")$'"*$+', !+-'!$.
!/01223/4 "56/4735809:171347; &</=14/>194
!"##$%&"'($')$ #$*+,$( ," ,-$ %.**+/0% %-"0*( /$ +((#$%%$( ,"1
2-$ 3#"45$67%,#+#!+#7//$+' 89+:7'+,7"'% !"0')7*
!+$';""( !$',#$<= >#'"*( 5"+(? @7'6%,"' A? B+:+7)+? CDED
2$*$&-"'$ F0:/$#1 GH=IJ KLM4I=NOP+)%7:7*$ F0:/$#1 GH=IJ KI=4OK=L84:+7* +((#$%%1 )9);Q"R)9)D"#6
C$/%7,$1 ;;;D)9)D"#6
!"&.#76-, S LMM=? /. !+#7//$+' 89+:7'+,7"'% !"0')7*2-$ T+##7%"'? U,D V7)-+$* WW NNNAH? W+#/+("%
!"#$#%& '&$$()*+Effective for examinations fromMay/June 2008
CXC A10/U2/07
This document CXC A10/U2/07 replaces CXC A10/U2/01 issued in 2001.
Please note that the syllabus was revised and amendments are indicated by italics and
vertical lines.
First issued 1999
Revised 2001
Revised 2007
Please check the website www.cxc.org for updates on CXC’s syllabuses.
CXC A10/U2/07
5>2EXF>Y8 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD N
>EVU DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD N
U@EYYU >FZ >WEYE2E8U 2X W8 >UU8UU8Z DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD L
358458[\EUE28U XP 2]8 U^YY>W\U DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD A
U25\!2\58 XP 2]8 U^YY>W\UDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD A
!"#$ % & '#()(*+,!*+-. /+0/(1!,$#(" 2"1 1+3+*(0)+"$
VXZ\Y8 N 1 !8YY >FZVXY8!\Y>5 WEXYXT^DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD =VXZ\Y8 L 1 T8F82E!U? _>5E>2EXF >FZ F>2\5>Y U8Y8!2EXFDDDDDDDDDDDDDD NLVXZ\Y8 < 1 5835XZ\!2E_8 WEXYXT^DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD N=
\FE2 L 1 WEX8F85T82E!U? WEXU^U28VU >FZ >33YE!>2EXFU
VXZ\Y8 N 1 WEX8F85T82E!U DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD LN)(1!*+ 4 1 '#(-5-$+)- )2#"$+"2",+6666666666666666666666666666666666666666666666666666 47VXZ\Y8 < 1 >33YE!>2EXFU XP WEXYXT^DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD <L
X\2YEF8 XP >UU8UUV8F2 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD <=
58T\Y>2EXFU PX5 35E_>28 !>FZEZ>28U DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD ON
58T\Y>2EXFU PX5 58UE2 !>FZEZ>28UDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD ON
>UU8UUV8F2 T5EZ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD OL
>338FZE` N 4 58UX\5!8U DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD O<
>338FZE` L 4 TYXUU>5^DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD OA
!"#$%#$&Introduct
CXC A10/U2/07
-$ !+#7//$+' >(a+')$( 3#"b7)7$'). 89+:7'+,7"' G!>38J 7% ($%76'$( ," &#"a7($ )$#,7b7)+,7"' "b,-$ +)+($:7)? a")+,7"'+* +'( ,$)-'7)+* +)-7$a$:$', "b %,0($',% 7' ,-$ !+#7//$+' ;-"? -+a7'6)":&*$,$( + :7'7:0: "b b7a$ .$+#% "b %$)"'(+#. $(0)+,7"'? ;7%- ," b0#,-$# ,-$7# %,0(7$%D 2-$
$9+:7'+,7"' +((#$%%$% ,-$ %c7**% +'( c'";*$(6$ +)d07#$( /. %,0($',% 0'($# + b*$97/*$ +'(+#,7)0*+,$( %.%,$: ;-$#$ %0/e$),% +#$ "#6+'7%$( 7' N4\'7, "# L4\'7, )"0#%$% ;7,- $+)- \'7,)"',+7'7'6 ,-#$$ V"(0*$%D
U0/e$),% $9+:7'$( 0'($# !>38 :+. /$ %,0(7$( )"')0##$',*. "# %7'6*.? "# :+. /$ )":/7'$( ;7,-%0/e$),% $9+:7'$( /. ",-$# $9+:7'+,7"' /"+#(% "# 7'%,7,0,7"'%D
$89 ,:;<==9:> +?:@<>:A<B>C ,BD>E<F BGG9;C A8;99 AHI9C BG E9;A<G<E:A<B>6 $89 G<;CA <C A89 :J:;KBG : E9;A<G<E:A9 C8BJ<>L 9:E8 ,20+ !><A EB@IF9A9K6 $89 C9EB>K <C A89 ,20+ K<IFB@:. :J:;K9KAB E:>K<K:A9C J8B 8:M9 C:A<CG:EAB;<FH EB@IF9A9K :A F9:CA C<? !><AC. <>EFDK<>L ,:;<==9:>-ADK<9C6 $89 A8<;K <C A89 ,20+ 2CCBE<:A9 19L;99. :J:;K9K GB; A89 C:A<CG:EAB;H EB@IF9A<B> BG :I;9CE;<=9K EFDCA9; BG C9M9> ,20+ !><AC <>EFDK<>L ,:;<==9:> -ADK<9C :>K ,B@@D><E:A<B>-ADK<9C6 NB; A89 ,20+ K<IFB@: :>K A89 ,20+ 2CCBE<:A9 19L;99. E:>K<K:A9C @DCA EB@IF9A9 A89EFDCA9; BG ;9OD<;9K !><AC J<A8<> : @:?<@D@ I9;<BK BG G<M9 H9:;C6
2
2
'#$(")*+$,"#
CXC A10/U2/07 1
! -./'01.23
)7$')$ &*+.% + :+e"# #"*$ 7' ,-$ $a"*0,7"' "b c'";*$(6$D E, $:&";$#% 0% ," 0%$ )#$+,7a$ +'(7'($&$'($', +&&#"+)-$% ," &#"/*$: %"*a7'6D E, +#"0%$% "0# '+,0#+* )0#7"%7,. +'( $'+/*$% 0% ,":$$, (7a$#%$ +'( $a$# $9&+'(7'6 )-+**$'6$%D E, $'-+')$% "0# +/7*7,. ," 7'd07#$? %$$c +'%;$#%?
#$%$+#)- +'( 7',$#&#$, (+,+D 2-$%$ %c7**% *$+( ," ,-$ )"'%,#0),7"' "b ,-$"#7$% +'( *+;% ,-+, -$*& 0%," $9&*+7' '+,0#+* &-$'":$'+ +'( $9$#)7%$ )"',#"* "a$# "0# $'a7#"':$',D U)7$')$ 7%? ,-0%? +'7',$6#+* )":&"'$', "b + /+*+')$( $(0)+,7"'D
2-$ :"%, 7:&"#,+', '+,0#+* #$%"0#)$ 7' ,-$ !+#7//$+' 7% 7,% &$"&*$D Eb ,-$ !+#7//$+' 7% ," &*+. +'7:&"#,+', #"*$ 7' ,-$ '$; 6*"/+* a7**+6$ +'( %0#a7a$ $)"'":7)+**.? + %0%,+7'$( ($a$*"&:$', "b ,-$%)7$',7b7) +'( ,$)-'"*"67)+* #$%"0#)$% "b 7,% &$"&*$ 7% $%%$',7+*D
2-$ (7a$#%$ b"#:% "b *7b$? 7'a$%,76+,$( +'( #$)"#($( /. -0:+' %")7$,.? -+a$ *$( ," ,-$ ($a$*"&:$',"b + (7%)7&*7'$ c'";' +% W7"*"6.D 2-$ %,0(. "b ,-7% %0/e$), *$+(% ," +' 0'($#%,+'(7'6 +'(+&&#$)7+,7"' "b ,-$ )"')$&, "b *7b$ +, +** *$a$*% +'(? -$')$? ," + 6#$+,$# #$%&$), +'( #$a$#$')$ b"# *7b$D2-$ 7',$#)"''$),$( ;$/ "b *7b$ +'( ,-$ 0'7d0$ #"*$ "b ,-$ -0:+' %&$)7$% 7% 7',$6#+* ," ,-$ (.'+:7)'+,0#$ "b ,-$ /7"%&-$#$D U,0($',% "b W7"*"6. %-"0*( #$)"6'7%$ ,-$ $'"#:"0% #$%&"'%7/7*7,. ,-$.:0%, 0'($#,+c$ ," $'%0#$ ,-$ )"',7'07,. "b *7b$ 7' +** 7,% b"#:%D E, 7% 7')0:/$', "' ,-$: ," 0%$ ,-7%c'";*$(6$ ," &#",$),? %0%,+7'? )"'%$#a$ +'( 7:&#"a$ ,-$ a+#7$,. "b *7b$ 7' ,-$ $)"%&-$#$D>((7,7"'+**.? ,-$ %,0(. "b W7"*"6. &#$&+#$% %,0($',% b"# )+#$$#% 7' /7"*"67)+*? +6#7)0*,0#+*?$'a7#"':$',+*? :$(7)+*? &+#+:$(7)+* +'( +&&*7$( %)7$')$D
2-7% !>38 %.**+/0% 7%? ,-$#$b"#$? ($%76'$( ," &#"a7($ + )"-$#$', )"0#%$ "b %,0(. ;-7)- +((#$%%$%? 7'+((7,7"' ," + %&$)7b7) c'";*$(6$ /+%$? ,-$ ($a$*"&:$', "b #$*+,$( %c7**% +'( +,,7,0($%D 2-$ %.**+/0%,+c$% 7'," +))"0', ,-$ #$d07#$:$',% b"# ,$#,7+#. $(0)+,7"' +, #$67"'+* +'( 7',$#'+,7"'+*7'%,7,0,7"'%D 2-$ %.**+/0% 7% %,#0),0#$( 7' %0)- + ;+. +% ," $'%0#$ ,-+, %,0($',% /$)":$ +;+#$ "b,-$7# :"#+*? %")7+*? +'( $,-7)+* #$%&"'%7/7*7,7$%? +% ;$** +%? ,-$ /$'$b7,% 7',#7'%7) ," ,-$ &#+),7)+*+&&*7)+,7"' "b %)7$',7b7) c'";*$(6$ ," )+#$$#% 7' ,-$ %)7$',7b7) b7$*(D
! .'45
2-$ %.**+/0% +7:% ," $'+/*$ %,0($',% ,"1
ND +)d07#$ + /"(. "b c'";*$(6$ +'( ($a$*"& +' 0'($#%,+'(7'6 "b /7"*"67)+* )"')$&,% +'(')7&*$%f
LD 0'($#%,+'( -"; '$; 7'b"#:+,7"' #$%0*,% 7' #$b"#:0*+,7"' "# #$e$),7"' "b $+#*7$# :"($*% +'()"')$&,%f
<D #$)"6'7Q$ ,-$ %)"&$ "b W7"*"6. b#": ,-$ :"*$)0*+# *$a$* ," ,-+, "b $',7#$ $)"%.%,$:%f
2
U
6,"7"89 5977:;*&
CXC A10/U2/07 2
OD ($a$*"& +' +/7*7,. ," )"::0'7)+,$ /7"*"67)+* 7'b"#:+,7"' 7' + a+#7$,. "b +))$&,+/*$ ;+.%f
CXC A10/U2/07 3
AD +)d07#$ +' 0'($#%,+'(7'6 "b ,-$ %)7$',7b7) :$,-"( +'( /$ +/*$ ," +&&*. 7, ," %"*a7'6&#"/*$:%? /",- 7' +)+($:7) +'( '"'4+)+($:7) %$,,7'6%f
ID +&&#$)7+,$ ,-$ 7:&+), "b /7"*"67)+* c'";*$(6$ "' %")7$,. +'( 7,% #$*$a+')$ ," $,-7)+*?$)"'":7)? $'a7#"':$',+* +'( ,$)-'"*"67)+* 7%%0$%f
=D +)d07#$ ,#+7'7'6 7' ,-$ &#+),7)+* %c7**% +'( ,-"06-, &#")$%%$% +%%")7+,$( ;7,- ,-$ %,0(. "b%)7$')$f
HD ($a$*"& ,-$ +/7*7,. ," +&&*. /7"*"67)+* c'";*$(6$ +'( %c7**% ," #$*$a+', !+#7//$+' %7,0+,7"'%+'( 7%%0$%D
! 5<'225 .1= .6'2'/'35 /0 63 .553553=
2-$ %c7**% %,0($',% +#$ $9&$),$( ," ($a$*"& "' )":&*$,7"' "b ,-7% %.**+/0%? -+a$ /$$' 6#"0&$(0'($# ,-#$$:+7' -$+(7'6%1
G7J @'";*$(6$ +'( !":&#$-$'%7"'f
G77J \%$ "b @'";*$(6$f
G777J 89&$#7:$',+* Uc7**%D
!"#$%&'(& )"' *#+,-&.&"/0#" 1!*2
@'";*$(6$ 2-$ +/7*7,. ," 7($',7b.? #$:$:/$# +'( 6#+%& ,-$ :$+'7'6 "b /+%7)b+),%? )"')$&,% +'( ')7&*$%D
!":&#$-$'%7"' 2-$ +/7*7,. ,"1
- %$*$), +&&#"+,$ 7($+%? :+,)-? )":&+#$ +'( )7,$ $9+:&*$%"b b+),%? )"')$&,% +'( ')7&*$% 7' b+:7*7+# %7,0+,7"'%f
- $9&*+7' b+:7*7+# &-$'":$'+ 7' ,$#:% "b ,-$"#7$%? :"($*%?*+;% +'( ')7&*$%D
3/& #4 !"#$%&'(& 13!2
>&&*7)+,7"' 2-$ +/7*7,. ,"1
- 0%$ b+),%? )"')$&,%? ')7&*$% +'( &#")$(0#$% 7' 0'b+:7*7+#%7,0+,7"'%f
- ,#+'%b"#: (+,+ +))0#+,$*. +'( +&&#"+,$*.f
- 0%$ )"::"' )-+#+),$#7%,7)% +% + /+%7% b"# )*+%%7b7)+,7"'f
- 0%$ b"#:0*+$ +))0#+,$*. b"# )":&0,+,7"'%D
CXC A10/U2/07 4
3/& #4 !"#$%&'(& 13!2 15#"67'2
>'+*.%7% +'( E',$#&#$,+,7"' 2-$ +/7*7,. ,"1
- 7($',7b. +'( #$)"6'7Q$ ,-$ )":&"'$', &+#,% "b + ;-"*$ +'(7',$#&#$, ,-$ #$*+,7"'%-7&% /$,;$$' ,-"%$ &+#,%f
- 7($',7b. )+0%+* b+),"#% +'( %-"; -"; ,-$. 7',$#+), ;7,- $+)-",-$#f
- 7'b$#? &#$(7), +'( (#+; )"')*0%7"'%f
- :+c$ '$)$%%+#. +'( +))0#+,$ )+*)0*+,7"'% +'( #$)"6'7Q$ ,-$*7:7,+,7"'% +'( +%%0:&,7"'% "b (+,+D
U.',-$%7% 2-$ +/7*7,. ,"1
- )":/7'$ )":&"'$', &+#,% ," b"#: + '$;:$+'7'6b0* ;-"*$f
- :+c$ &#$(7),7"'% +'( %"*a$ &#"/*$:%D
8a+*0+,7"' 2-$ +/7*7,. ," :+c$ #$+%"'$( e0(6$:$',% +'( #$)"::$'(+,7"'%/+%$( "' ,-$ a+*0$ "b 7($+% +'( 7'b"#:+,7"' +'( ,-$7#7:&*7)+,7"'%D
89,&-0+&"6)% :;0%%/ 1<:2
X/%$#a+,7"'? 5$)"#(7'6 +'(5$&"#,7'6
89,&-0+&"6)% :;0%%/ 1<:2
2-$ +/7*7,. ,"1
4 %$*$), "/%$#a+,7"'% #$*$a+', ," ,-$ &+#,7)0*+# +),7a7,.f
- :+c$ +))0#+,$ "/%$#a+,7"'% +'( :7'7:7%$ $9&$#7:$',+*$##"#%f
- #$)"6'7Q$? 7($',7b. +'( 7',$#&#$, /7"*"67)+* :+,$#7+*% /",-:7)#"%)"&7)+**. +'(:+)#"%)"&7)+**.f
- #$)"#( "/%$#a+,7"'%? :$+%0#$:$',%? :$,-"(% +'(,$)-'7d0$% ;7,- (0$ #$6+#( b"# &#$)7%7"'? +))0#+). +'( 0'7,%f
- #$)"#( +'( #$&"#, 0'$9&$),$( #$%0*,%f
- %$*$), +'( 0%$ +&&#"+,$ :"($*% "b #$)"#(7'6 (+,+ "#"/%$#a+,7"'%? b"# $9+:&*$? 6#+&-%? ,+/*$%? (7+6#+:% +'((#+;7'6%f
- &#$%$', (+,+ 7' +' +&&#"+,$ :+''$#? 0%7'6 ,-$ +))$&,$()"'a$',7"' "b #$)"#(7'6 $##"#% +'( 0')$#,+7',7$%f
CXC A10/U2/07 5
15#"67'
- "#6+'7%$ +'( &#$%$', 7'b"#:+,7"'? 7($+%? ($%)#7&,7"'% +'(+#60:$',% )*$+#*. +'( *"67)+**. 7' + )":&*$,$ #$&"#,? 0%7'6%&$**7'6? &0'),0+,7"' +'( 6#+::+# ;7,- +' +))$&,+/*$($6#$$ "b +))0#+).f
- #$&"#, +))0#+,$*. +'( )"')7%$*. 0%7'6 %)7$',7b7) ,$#:7'"*"6.+'( )"'a$',7"'% +% '$)$%%+#.D
V+'7&0*+,7"' +'(V$+%0#$:$',
2-$ +/7*7,. ,"1
- b"**"; + ($,+7*$( %$, "# %$d0$')$ "b 7'%,#0),7"'%f
- :+c$ :$+%0#$:$',% ;7,- (0$ #$6+#( b"# &#$)7%7"' +'(+))0#+).f
- -+'(*$ )-$:7)+*% +'( *7a7'6 "#6+'7%:% ;7,- )+#$f
- )0,? %,+7' +'(:"0', %$),7"'% +'(:+c$ ,$:&"#+#. :"0',%f
- %$, 0& *76-, :7)#"%)"&$ b"# "&,7:0: 0%$ /",- 0'($# *";&";$# +'( -76- &";$#f
- 0%$ ,-$ %,+6$ :7)#":$,$# +'( $.$&7$)$ 6#+,7)0*$ b"# +))0#+,$:$+%0#7'6f
- +%%$:/*$ +'( 0%$ %7:&*$ +&&+#+,0% +'( :$+%0#7'67'%,#0:$',%D
Z#+;7'6 2-$ +/7*7,. ,"1
- :+c$ )*$+#? +))0#+,$ *7'$ #$&#$%$',+,7"'% "b %&$)7:$'%? ;7,-'" %-+(7'6 "# 0''$)$%%+#. ($,+7*%f
- &#"(0)$ (#+;7'6% ;7,- )*$+' )"',7'0"0% *7'$% "b $a$',-7)c'$%%f
- *+/$* (#+;7'6% +))0#+,$*. +'( 0%$ *+/$* *7'$% ;-7)- (" '",)#"%% $+)- ",-$# "# )+##. +##";-$+(% "# (",%f
- +''",+,$ (#+;7'6% +&&#"+,$*. +'( +))0#+,$*.f
- :+c$ (#+;7'6% ;-7)- +#$ *+#6$ $'"06- ," (7%&*+. %&$)7b7)($,+7*%f
- )+*)0*+,$ ,-$:+6'7b7)+,7"' "b ,-$ (#+;7'6%D
CXC A10/U2/07 6
89,&-0+&"6)% :;0%%/ 1<:2 15#"67'2
3*+''7'6 +'( Z$%76'7'6 2-$ +/7*7,. ,"1
- 7($',7b. &#"/*$:%? :+c$ &#$(7),7"'%? ($a$*"& -.&",-$%$%+'( ($a7%$ :$+'% "b )+##.7'6 "0, 7'a$%,76+,7"'% ," ,$%, ,-$-.&",-$%$%f
- &*+' +'( $9$)0,$ $9&$#7:$',+* &#")$(0#$% +'( "&$#+,7"'%7' +' +&&#"+,$ %$d0$')$f
- 0%$ $9&$#7:$',+* )"',#"*% ;-$#$ +&&#"+,$f
- :"(7b. +' "#767'+* &*+' "# %$d0$')$ "b "&$#+,7"'% +% +#$%0*, "b (7bb7)0*,7$% $')"0',$#$( 7' )+##.7'6 "0,$9&$#7:$',% "# "/,+7'7'6 0'$9&$),$( #$%0*,%f
- ,+c$ 7'," +))"0', &"%%7/*$ %"0#)$% "b $##"#% +'( (+'6$# 7',-$ ($%76' "b +' $9&$#7:$',f
- %$*$), +'( 0%$ +&&#"+,$ $d07&:$', +'( ,$)-'7d0$%D
=%)""0"( )"' >&/0("0"( /;0%%/+)? @& )//&//&' @? A/& #4 40&%'$#-;B
! >-3?-3@A'5'/35 0B /C3 5D22.6A5
>'. &$#%"' ;7,- + 6""( 6#+%& "b ,-$ !+#7//$+' U$)"'(+#. 8(0)+,7"' !$#,7b7)+,$ G!U8!J W7"*"6.+'( !-$:7%,#. %.**+/0%$%? "# ,-$ $d07a+*$',? %-"0*( /$ +/*$ ," &0#%0$ ,-$ )"0#%$ "b %,0(. ($b7'$( /.,-7% %.**+/0%D ]";$a$#? %0))$%%b0* &+#,7)7&+,7"' 7' ,-$ )"0#%$ "b %,0(. ;7** +*%" ($&$'( "' ,-$&"%%$%%7"' "b 6""( a$#/+* +'( ;#7,,$' )"::0'7)+,7"' %c7**%D
! 5/-A!/A-3 0B /C3 5D22.6A5
$8<C CHFF:=DC <C :;;:>L9K <>AB $P( !><AC. 9:E8 @:K9 DI BG A8;99 )BKDF9C6 P8<FCA 9:E8)BKDF9 <> 9:E8 !><A <C <>K9I9>K9>A. ABL9A89; A89H GB;@ : EB89;9>A EBD;C9 BG CADKH J8<E8C8BDFK I;9I:;9 E:>K<K:A9C GB; A89 JB;FK BG JB;Q :>K CADK<9C :A A89 A9;A<:;H F9M9FD
!"#$ %& &#'(')*+,)*-. /*01'2,+$#'" 3"2 4*5*)'0(*"$
!><A % <C 9?I9EA9K AB =9 EBM9;9K <> :II;B?<@:A9FH %RS 8BD;C. :>K EB>C<CAC BG A8;99 )BKDF9C6 $8<C!><A <C CA;DEAD;9K :C GBFFBJC1
)BKDF9 % T ,9FF :>K)BF9EDF:; '<BFBLH)BKDF9 4 T U9>9A<EC. 3:;<:A<B> :>K ":AD;:F -9F9EA<B>)BKDF9 V T /9I;BKDEA<M9 '<BFBLH
CXC A10/U2/07 7
!"#$ 6& &#'*"*17*$#+-. &#'-8-$*(- 3"2 900)#+3$#'"-
!><A 4 <C 9?I9EA9K AB =9 EBM9;9K <> :II;B?<@:A9FH %RS 8BD;C. :>K EB>C<CAC BG A8;99 )BKDF9C6$8<C !><A <C CA;DEAD;9K :C GBFFBJC1
)BKDF9 % T '<B9>9;L9A<EC)BKDF9 4 T '<BCHCA9@C):<>A9>:>E9)BKDF9 V T 2IIF<E:A<B>C BG '<BFBLH
+:E8 !><A GB;@C : K<CE;9A9 I:EQ:L9 GB; E9;A<G<E:A<B>6
$89 CHFF:=DC <C :;;:>L9K <>AB AJB W4X !><AC. !><A % J8<E8 J<FF F:H A89 GBD>K:A<B>. :>K !><A 4J8<E8 9?I:>KC B> :>K :IIF<9C A89 EB>E9IAC GB;@DF:A9K <> !><A %6 #A <C. A89;9GB;9. ;9EB@@9>K9KA8:A !><A 4 =9 A:Q9> :GA9; C:A<CG:EAB;H EB@IF9A<B> BG !><A % B; : C<@<F:; EBD;C96 8+)- \'7, ;7**/$ )$#,7b7$( %$&+#+,$*.D
NB; 9:E8 )BKDF9 A89;9 :;9 L9>9;:F :>K CI9E<G<E B=Y9EA<M9C6 $89 L9>9;:F :>K CI9E<G<E B=Y9EA<M9C<>K<E:A9 A89 CEBI9 BG A89 EB>A9>A. <>EFDK<>L I;:EA<E:F JB;Q. B> J8<E8 A89 9?:@<>:A<B> J<FF =9=:C9K6 ZBJ9M9;. D>G:@<F<:; C<AD:A<B>C @:H =9 I;9C9>A9K :C CA<@DFDC @:A9;<:F <> : OD9CA<B>6
+?IF:>:AB;H >BA9C :;9 I;BM<K9K AB A89 ;<L8A BG CB@9 CI9E<G<E B=Y9EA<M9C6 $89C9 >BA9C I;BM<K9GD;A89; LD<K:>E9 AB A9:E89;C :C AB A89 F9M9F BG K9A:<F ;9OD<;9K6
:;* -#"7)* ,"2*1)#"#"7 '< 3 -0*+#<#+ '=>*+$#5* :>K <AC 9?IF:>:AB;H >BA9C. <>K<E:A9 A8BC9:;9:C BG A89 CHFF:=DC A8:A :;9 CD<A:=F9 GB; I;:EA<E:F JB;Q6 ZBJ9M9;. I;:EA<E:F JB;Q C8BDFK >BA>9E9CC:;<FH =9 F<@<A9K AB A89C9 B=Y9EA<M9C6
#A <C ;9EB@@9>K9K A8:A BG A89 :II;B?<@:A9FH RS 8BD;C CDLL9CA9K GB; 9:E8 )BKDF9. : @<><@D@ BG4S 8BD;C =9 CI9>A B> F:=B;:AB;HT;9F:A9K :EA<M<A<9C. CDE8 :C EB>KDEA<>L 9?I9;<@9>AC. @:Q<>L G<9FKA;<IC :>K M<9J<>L :DK<BTM<CD:F @:A9;<:FCD
CXC A10/U2/07 8
! A1'/ EF 6'04023!A235G -3>-0=A!/'01 .1= =3H320>431/!"#$%& '( )&%% *+# !"%&)$%*, -."%"/0
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
ND D>K9;CA:>K ,-$ )-$:7)+* %,#0),0#$ "b ;+,$#? )+#/"-.(#+,$%? *7&7(% +'( &#",$7'% +'( ,-$7##"*$% 7' *7a7'6 "#6+'7%:%f
LD D>K9;CA:>K ,-+, )$**% +#$ ,-$ /+%7) 0'7,% "b *7a7'6 "#6+'7%:%? 6#"0&$( 7'," ,7%%0$% +'("#6+'%f
<D 0'($#%,+'( b*07( :"%+7) :"($* "b :$:/#+'$ %,#0),0#$ +'( ,-$ :"a$:$', "b %0/%,+')$%7'," +'( "0, "b )$**%f
OD D>K9;CA:>K A89 @BK9 BG :EA<B> BG 9>[H@9CD
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
CB D/,&56/ #4 E0#5.&+0/6-?
U,0($',% %-"0*( /$ +/*$ ,"1
NDN K<CEDCC 8BJ ,-$ %,#0),0#$ +'(&#"&$#,7$% "b ;+,$# #$*+,$ ," ,-$ #"*$,-+, ;+,$# &*+.% +% + :$(70: "b*7b$f
P:A9; :C : @BCA CD<A:=F9 CBFM9>A <>;9F:A<B> AB <AC 9CC9>A<:F ;BF9C <> A;:>CIB;A&E9FFDF:; :>K CHCA9@<E F9M9FC6
NDL $9&*+7' ,-$ #$*+,7"'%-7& /$,;$$',-$ %,#0),0#$ +'( b0'),7"' "b6*0)"%$f
+?:EA @BF9EDF:; ;<>L CA;DEAD;9 <> GDFF6
ND< $9&*+7' ,-$ #$*+,7"'%-7& /$,;$$',-$ %,#0),0#$ +'( b0'),7"' "b%0)#"%$f
+?:EA @BF9EDF:; ;<>L CA;DEAD;9 <> GDFF6
NDO K<CEDCC 8BJ ,-$ :"*$)0*+#%,#0),0#$ "b %,+#)-? 6*.)"6$' +'()$**0*"%$ #$*+,$ ," ,-$7# b0'),7"'% 7'*7a7'6 "#6+'7%:%f
)BF9EDF:; CA;DEAD;9& AHI9C BG =B>KC\ E8:<>:>K ;<>L CA;DEAD;9 J89;9 :II;BI;<:A9\ V1>:AD;9\ 8HK;BFHC<C :>K EB>K9>C:A<B>;9:EA<B>C\ ;9F:A9 CA;DEAD;9 AB I;BI9;A<9C6
NDA ($%)#7/$ ,-$ :"*$)0*+# %,#0),0#$ "b+ ,#76*.)$#7($ +'( 7,% #"*$ +% +%"0#)$ "b $'$#6.f
C7,-"0, 6"7'6 7'," ($,+7*? ,-$ %,0($',%-"0*( /$ :+($ +;+#$ "b ,-$ #$*+,7"'%-7&/$,;$$' ,#76*.)$#7($% +'( "/$%7,.D
CXC A10/U2/07 9
$+.2 '
!"#$%& '( )&%% *+# !"%&)$%*, -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
D/,&56/ #4 E0#5.&+0/6-? 15#"67'2
NDI ($%)#7/$ ,-$ %,#0),0#$ "b&-"%&-"*7&7(% +'( ,-$7# #"*$ 7':$:/#+'$ %,#0),0#$ +'( b0'),7"'f
/9F:A9 CA;DEAD;9 AB I;BI9;A<9C :>K 89>E9 ABGD>EA<B>D
ND= ($%)#7/$ ,-$ 6$'$#+*7%$( %,#0),0#$"b +' +:7'" +)7(? +'( ,-$b"#:+,7"' +'( /#$+c+6$ "b +&$&,7($ /"'(f
NDH 9?IF:<> A89 @9:><>L BG A89 A9;@C&I;<@:;H. C9EB>K:;H. A9;A<:;H :>KOD:A9;>:;H CA;DEAD;9C BGI;BA9<>C\
19CE;<=9 A89 AHI9C BG =B>K<>L W8HK;BL9>.<B><E. K<CDFI8<K9X :>K 8HK;BI8B=<E<>A9;:EA<B>C A8:A 8BFK A89@BF9EDF9 <> C8:I9D
NDK BDAF<>9 A89 @BF9EDF:; CA;DEAD;9 BG8:9@BLFB=<>. :C :> 9?:@IF9 BG :LFB=DF:; I;BA9<>. :>K BG EBFF:L9>.:C :> 9?:@IF9 BG : G<=;BDC I;BA9<>\
+>CD;9 A8:A A89 ;9F:A<B>C8<IC =9AJ99> A89<;CA;DEAD;9C :>K GD>EA<B>C :;9 EF9:;FH9CA:=F<C89K6
NDNM E:;;H BDA A9CAC GB; ;9KDE<>L :>K>B>T;9KDE<>L CDL:;C. CA:;E8.F<I<KC :>K I;BA9<>C\
'9>9K<EA]C A9CA. ^#_#4 A9CA. 9@DFC<B> A9CA.'<D;9A A9CA6
NDNN <>M9CA<L:A9 :>K EB@I:;9OD:>A<A:A<M9FH ;9KDE<>L CDL:;C:>K CA:;E86
FB *&%% :6-A56A-&
U,0($',% %-"0*( /$ +/*$ ,"1
LDN :+c$ (#+;7'6% "b ,.&7)+* +'7:+*+'( &*+', )$**% +% %$$' 0'($# ,-$*76-, :7)#"%)"&$f
,F9:; K;:J<>LC ;9OD<;9K W;9G9; AB I:L9 `X6
1<GG9;9>E9C =9AJ99> 9F9EA;B> :>K F<L8A@<E;BCEBI9 :>K =9AJ99> ;9CBFDA<B> :>K@:L><G<E:A<B>6
LDL K9CE;<=9 :>K <>A9;I;9A K;:J<>LC:>K 9F9EA;B> @<E;BL;:I8C BG A89CA;DEAD;9 BG @9@=;:>9 CHCA9@C:>K B;L:>9FF9C BG AHI<E:F :><@:F:>K IF:>A E9FFC\
/BDL8 :>K C@BBA8 9>KBIF:C@<E ;9A<[email protected]< =BKH. @<ABE8B>K;<:. ;<[email protected]@9C. E8FB;BIF:CAC. E9FF @9@=;:>9.>DEF9:; 9>M9FBI9. E9>A;<BF9C. >DEF9DC :>K>DEF9BFDC6
CXC A10/U2/07 10
$+.2 '
!"#$%& '( )&%% *+# !"%&)$%*, -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
*&%% :6-A56A-& 15#"67'2
LD< BDAF<>9 A89 GD>EA<B>C BG @9@=;:>9CHCA9@C :>K B;L:>9FF9C\
2C CI9E<G<9K <> A89 +?IF:>:AB;H "BA9C BG-I9E<G<E (=Y9EA<M9 4646
LDO EB@I:;9 A89 CA;DEAD;9 BG AHI<E:F:><@:F :>K IF:>A E9FFC\
-A;9CC C<@<F:;<A<9C :>K K<GG9;9>E9C6
LDA K9CE;<=9 A89 CA;DEAD;9 BG :I;BQ:;HBA<E E9FF\
LDI EB@I:;9 A89 CA;DEAD;9 BGI;BQ:;HBA<E E9FFC J<A8 A8:A BG9DQ:;HBA<E E9FFC\
(DAF<>9 A89 =:C<C BG A89 9>KBCH@=<BA<EK9M9FBI@9>A BG 9DQ:;HBA<E E9FFC6
LD= 9?IF:<> A89 EB>E9IAC BG A<CCD9 :>KB;L:> DC<>L :C :> 9?:@IF9 A89K<EBAHF9KB>BDC ;BBA\
LDH @:Q9 IF:> K;:J<>LC AB C8BJ A89K<CA;<=DA<B> BG A<CCD9C J<A8<> :>B;L:>. CDE8 :C A89 K<EBAHF9KB>BDC;BBA6
!C9 A;:>CM9;C9 C9EA<B> BG : K<EBAHF9KB>BDC;BBA AB <FFDCA;:A9 A<CCD9C <>EFDK<>LI:;9>E8H@:. ?HF9@ :>K I8FB9@6 $89 ;BBA <CDC9K :C :> B;L:>6
GB H&+@-)"& :6-A56A-& )"' IA"560#"
U,0($',% %-"0*( /$ +/*$ ,"1
<DN 9?IF:<> A89 GFD<K @BC:<E @BK9F BG@9@=;:>9 CA;DEAD;9\
(DAF<>9 A89 ;BF9C BG I8BCI8BF<I<KC.E8BF9CA9;BF. LFHEBF<I<KC. I;BA9<> :>KLFHEBI;BA9<>C6 1<:L;:@C :;9 ;9OD<;9K6
<DL 9?IF:<> A89 I;BE9CC9C BG K<GGDC<B>.G:E<F<A:A9K K<GGDC<B>. BC@BC<C.:EA<M9 A;:>CIB;A. 9>KBEHABC<C :>K9?BEHABC<C\
+@I8:C<C9 A89 K<CA<>EA<B> =9AJ99>K<GGDC<B> :>K BC@BC<C\ :>K :EA<M9 :>KI:CC<M9 I;BE9CC9C6
1<:L;:@C :;9 ;9OD<;9K6
CXC A10/U2/07 11
$+.2 '
!"#$%& '( )&%% *+# !"%&)$%*, -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
H&+@-)"& :6-A56A-& )"' IA"560#"15#"67'2
<D< 7'a$%,76+,$ ,-$ $bb$),% "' &*+',)$**% "b 7::$#%7"' 7'," %"*0,7"'%"b (7bb$#$', ;+,$# &",$',7+*%D
F" )+*)0*+,7"'% ;7** /$ %$, "' ;+,$#&",$',7+*D
JB 8"K?+&/
U,0($',% %-"0*( /$ +/*$ ,"1
ODN $9&*+7' ,-+, $'Q.:$% +#$ 6*"/0*+#&#",$7'% ,-+, )+,+*.%$ :$,+/"*7)#$+),7"'%f
19G<><A<B> BG @9A:=BF<C@. :>:=BF<[email protected]:A:=BF<C@ ;9OD<;9K6
ODL 9?IF:<> A89 @BK9 BG :EA<B> BG9>[H@9C <> A9;@C BG :> :EA<M9 C<A9.9>[H@9 :>K_B; CD=CA;:A9 EB@IF9?.FBJ9;<>L BG :EA<M:A<B> 9>9;LH :>K9>[H@9 CI9E<G<E<AH\
0;BI9;A<9C BG 9>[H@9C6 #>KDE9KTG<A8HIBA89C<C6
OD< 9?IF:<> A89 9GG9EAC BG IZ.A9@I9;:AD;9. 9>[H@9EB>E9>A;:A<B> :>K CD=CA;:A9EB>E9>A;:A<B> B> 9>[H@9 :EA<B>\
,B>CA;DEA<B> :>K <>A9;I;9A:A<B> BGL;:I8C6
ODO $9&*+7' ,-$ $bb$),% "b )":&$,7,7a$+'( '"'4)":&$,7,7a$ 7'-7/7,"#% "'$'Q.:$ +),7a7,.f
!C9 CDEE<><E K98HK;BL9>:C9. ><EBA<>9 :>K<>C9EA<E<K9C WIH;9A8;B<KCX :C 9?:@IF9C BG9>[H@9 <>8<=<AB;C6
ODA <>M9CA<L:A9 A89 9GG9EAC BGA9@I9;:AD;9 :>K CD=CA;:A9EB>E9>A;:A<B> B> 9>[H@9TE:A:FHC9K ;9:EA<B>C. :>K 9?IF:<>A89C9 9GG9EAC6
CXC A10/U2/07 12
$+.2 '
!"#$%& '( )&%% *+# !"%&)$%*, -."%"/0 89:;<=>?
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND ,B>KDEA F:=B;:AB;H 9?9;E<C9C AB ;9<>GB;E9 CD=Y9EA @:AA9; ;:A89; A8:> :C : C9I:;:A9:EA<M<AH6
LD /9:K :>K DC9 ED;;9>A <>GB;@:A<B> <> A8<C I:;A<EDF:; :;9:. C<>E9 <A <C EB>CA:>AFH E8:>L<>L6
<D \%$ :0*,7:$(7+ +'( <4(7:$'%7"'+* :"($*% ," +%%7%, 7' )"')$&,0+*7%7'6 )$** +'(g"#:"*$)0*+# %,#0),0#$D
U)7$',7b7) B"0#'+*% %0)- +%1
F$; U)7$',7%,
U)7$',7b7) >:$#7)+'
W7"*"67)+* U)7$')$% 5$a7$;
F$;%V+6+Q7'$%? %0)- +%1
27:$
F$;%;$$c
Z7%)"a$#
,&4"$,)&4
W#+(b7$*(? 3D? Z"((%? BD $, +* 2- *9M9F '<BFBLH.8%%$91 3$+#%"' 8(0)+,7"' Y7:7,$(? LMMND
!*$66? !D ;7,- V+)c$+'? ZD 2KM:>E9K '<BFBLH& 0;<>E<IF9C :>K 2IIF<E:A<B>C? Y"'("'1B"-'V0##+. 30/*7%-$#%? LMMID
B"'$%? >D? 5$$(? 5D +'(C$.$#%? BD 0;:EA<E:F -Q<FFC <> '<BFBLH? <#( 8(7,7"'? F$; B$#%$.1 3$+#%"'3#$',7)$ ]+**? 3$+#%"' 8(0)+,7"' Y7:7,$(? LMM<D
CXC A10/U2/07 13
$+.2 '
!"#$%& @(!"#"$%&'( )*+%*$%,# *#- #*$.+*/ '"/"&$%,#
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
%6 D>K9;CA:>K A89 CA;DEAD;9 BG >DEF9<E :E<KC :>K A89<; ;BF9C <> I;BA9<> CH>A89C<C :>K >DEF9:;K<M<C<B>\
46 D>K9;CA:>K A89 =98:M<BD; BG E8;B@BCB@9C. >DEF9DC :>K EHABIF:C@ <> @<ABA<E :>K @9<BA<EE9FF K<M<C<B> :>K A89<; <@IB;A:>E9 GB; CA:=<F<AH :>K M:;<:A<B> <> : CI9E<9C\
V6 D>K9;CA:>K A89 <@IB;A:>E9 BG @<ABC<C :>K@9<BC<C GB; CA:=<F<AH :>K M:;<:A<B> <> : CI9E<9C\
`6 D>K9;CA:>K A89 I:AA9;>C BG <>89;<A:>E9\
R6 D>K9;CA:>K C9F9EA9K :CI9EAC BG L9>9A<E 9>L<>99;<>L :>K <AC @9K<E:F. :L;<EDFAD;:F.9>M<;B>@9>A:F. 9A8<E:F :>K CBE<:F <@IF<E:A<B>C\
76 D>K9;CA:>K A89 L9>9A<E =:C<C BG M:;<:A<B> :>K <AC <@IB;A:>E9 <> >:AD;:F C9F9EA<B>6
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
CB ?$1,+$,1* 3"2 /')*- '< @,+)*#+ 9+#2-
U,0($',% %-"0*( /$ +/*$ ,"1
NDN <FFDCA;:A9 A89 CA;DEAD;9 BG /"2 :>K1"2 DC<>L C<@IF9 F:=9FF9KK<:L;:@C\
1;:J : >DEF9BA<K9 DC<>L C8:I9C\;9EBL><[9 W>BA K;:JX A89 CA;DEAD;:FGB;@DF:9 BG >DEF9BA<K9C. ;<=BC9.K9B?H;<=BC9. IH;<@<K<>9C. ID;<>9C\ >:AD;9BG 8HK;BL9> =B>KC6
NDL 9?IF:<> A89 <@IB;A:>E9 BG8HK;BL9> =B>KC :>K =:C9 I:<;<>L<> 1"2 ;9IF<E:A<B>\
/9EBL><[9 W<>EFDK9X A89 C<L><G<E:>E9 BG R]:>K V]\ C9@<EB>C9;M:A<M9 ;9IF<E:A<B>\L9>9A<E EBK9\ <><A<:A<B>. A;:>CE;<IA<B>.A;:>CF:A<B>. A9;@<>:A<B>6
ND< 9?IF:<> A89 ;9F:A<B>C8<I =9AJ99>A89 C9OD9>E9 BG >DEF9BA<K9C :>K A89:@<>B :E<K C9OD9>E9 <> :IBFHI9IA<K9\
NDO K9CE;<=9 A89 ;BF9C BG 1"2 :>K /"2<> I;BA9<> CH>A89C<C\
1<GG9;9>A AHI9C BG /"2 :>K A89<; ;9CI9EA<M9;BF9C6
NDA 9?IF:<> A89 ;9F:A<B>C8<I =9AJ99>A89 CA;DEAD;9 BG 1"2. I;BA9<>CA;DEAD;9 :>K A89 I89>BAHI9 BG :>B;L:><C@f
NDI K9CE;<=9 A89 ;9F:A<B>C8<I =9AJ99>
CXC A10/U2/07 14
1"2 E8;B@:A<> :>KE8;B@BCB@9C6
CXC A10/U2/07 15
$+.2 '
!"#$%& @( !"#"$%&'( )*+%*$%,# *#- #*$.+*/ '"/"&$%,# 0&,#1$-2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
FB H06#605 )"'H&0#605 *&%% >0N0/0#"
U,0($',% %-"0*( /$ +/*$ ,"1
LDN K9CE;<=9 J<A8 A89 :<K BG K<:L;:@C.A89 I;BE9CC9C <>MBFM9K <> @<ABA<EE9FF K<M<C<B>\
#>EFDK9 <>A9;I8:C96
LDL @:Q9 K;:J<>LC G;B@ I;9I:;9KCF<K9C. :>K_B; : G;9C8FH I;9I:;9K;BBA A<I COD:C8 AB C8BJ A89 CA:L9CBG @<ABC<C\
LD< 9?IF:<> A89 <@IB;A:>E9 BG 1"2;9IF<E:A<B> GB; @:<>A:<><>LL9>9A<E CA:=<F<AH\
LDO K<CEDCC A89 ;BF9 :>K <@IB;A:>E9 BG@<ABC<C <> L;BJA8. ;9I:<; :>K:C9?D:F ;9I;BKDEA<B>\
LDA 9?IF:<> J8:A <C @9:>A =H8B@BFBLBDC I:<;C BGE8;B@BCB@9C. :>K A89 A9;@C8:IFB<K :>K K<IFB<Kf
LDI K9CE;<=9 J<A8 A89 :<K BG K<:L;:@C.A89 I;BE9CC9C <>MBFM9K <> @9<BA<EE9FF K<M<C<B>\
#>EFDK9 E;BCC<>L BM9;. :F<L>@9>A BGE8;B@BCB@9C :A @9A:I8:C9. ;:>KB@C9L;9L:A<B> :A :>:I8:C96 ":@9C BG A89<>A9;@9K<:A9 CA:L9C BG @9<BC<C >BA ;9OD<;9K6
LD= EB>CA;DEA @BK9FC AB K9@B>CA;:A9E8;B@BCB@9 =98:M<BD; <> @9<BC<C\
0<I9 EF9:>9;C. IF:CA<E J<;9. 9@=;B<K9;HA8;9:K6 ';<CABF =B:;K @:H =9 DC9K GB;@BK9FF<>L E8;B@BCB@9 =98:M<BD; <>@9<BC<C a =<BK9L;:K:=F9 @:A9;<:FC >BA;9EB@@9>K9K6
LDH K9CE;<=9 8BJ @9<BC<C EB>A;<=DA9CAB 89;<A:=F9 M:;<:A<B>6
CXC A10/U2/07 16
$+.2 '
!"#$%& @( !"#"$%&'( )*+%*$%,# *#- #*$.+*/ '"/"&$%,# 0&,#1$-2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
GB A3$$*1"- '< B";*1#$3"+*
U,0($',% %-"0*( /$ +/*$ ,"1
<DN 9?IF:<> A89 A9;@C& L9>9. :FF9F9.KB@<>:>A. ;9E9CC<M9. EBKB@<>:>A.8B@B[HLBDC :>K 89A9;B[HLBDC\
!C9 9?:@IF9C6
<DL DC9 L9>9A<E K<:L;:@C AB CBFM9I;B=F9@C <>MBFM<>L @B>B8H=;<K:>K K<8H=;<K E;BCC9C\
#>EFDK9 A8BC9 <>MBFM<>L C9? F<>Q:L9C.EBKB@<>:>E9 @DFA<IF9 :FF9F9C :>K KB@<>:>A9I<CA:C<C6 ,:>K<K:A9C C8BDFK D>K9;CA:>K A89;:A<BC6
<D< :>:FHC9 A89 ;9CDFAC BG : L9>9A<EE;BCC =H :IIFH<>L A89 ,8<TCOD:;9A9CA\
NB;@DF:9 J<FF =9 L<M9>D U9A BDA K:A: <>A:=DF:; GB;@6
<DO K9A9;@<>9 J89A89; A89 K<GG9;9>E9=9AJ99> A89 B=C9;M9K :>K 9?I9EA9K;:A<B <C C<L><G<E:>A DC<>L A89 ;9CDFACBG A89 ,8<TCOD:;9 A9CA6
#>EFDK9 A89 EB>E9IA BG I;B=:=<F<AH6 +?IF:<>A89 DC9 BG S6SR EB>G<K9>E9 F<@<AC :>K A89>DFF 8HIBA89C<C6
JB 9-0*+$- '< C*"*$#+ D"7#"**1#"7
U,0($',% %-"0*( /$ +/*$ ,"1
ODN BDAF<>9 A89 I;<>E<IF9C BG ;9CA;<EA<B>9>[H@9 DC9 <> ;9@BM<>L C9EA<B>C BGA89 L9>B@9\
ODL 9?IF:<> A89 CA9IC <>MBFM9K <>;9EB@=<>:>A 1"2 A9E8>BFBLH\
#>EFDK9 <CBF:A<B> BG L9>9C\ EFB><>L BG L9>9C\M9EAB;C6 !C9 9?:@IF9C <>EFDK<>L <>CDF<>I;BKDEA<B>6
OD< K<CEDCC A89 IBCC<=F9 =9>9G<AC :>K8:[:;KC BG L9>9 A89;:IH\
!C9 9?:@IF9C <>EFDK<>L EHCA<E G<=;BC<CD
ODO K<CEDCC A89 <@IF<E:A<B>C BG A89 DC9BG L9>9A<E:FFH @BK<G<9K B;L:><C@CB> 8D@:>C :>K A89 9>M<;B>@9>A6
)9K<E:F. :L;<EDFAD;:F. 9A8<E:F :>K CBE<:F<@IF<E:A<B>C6
CXC A10/U2/07 17
$+.2 '
!"#$%& @( !"#"$%&'( )*+%*$%,# *#- #*$.+*/ '"/"&$%,# 0&,#1$-2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
OB P)-0)60#" )"' Q)6A-)% :&%&560#"
U,0($',% %-"0*( /$ +/*$ ,"1
ADN $9&*+7' ;-. %$90+**. &#"(0)$("#6+'7%:% a+#. 7' )-+#+),$#7%,7)%f
ADL ($%)#7/$ 6$'$ +'( )-#":"%":$:0,+,7"'%f
AD< K<CEDCC A89 <@IF<E:A<B>C BG E8:>L9C<> 1"2 >DEF9BA<K9 C9OD9>E9 GB; E9FFCA;DEAD;9 :>K GD>EA<B> <> C<EQF9 E9FF:>:9@<:\
ADO $9&*+7' -"; :0,+,7"' /#7'6% +/"0,6$'$,7) a+#7+,7"'f
,B>C<K9; C<EQF9TE9FF :>:9@<:. 1BJ>-H>K;B@96
ADA $9&*+7' ;-. -$#7,+/*$ a+#7+,7"' 7%7:&"#,+', ," %$*$),7"'f
ADI 9?IF:<> 8BJ 9>M<;B>@9>A:F G:EAB;C:EA :C GB;E9C BG >:AD;:F C9F9EA<B>f
#>EFDK9 9?:@IF9C. CDE8 :C ;9C<CA:>E9 AB:>A<=<BA<EC. '<CAB> =9ADF:;<: WI9II9;9K@BA8X6
AD= $9&*+7' -"; '+,0#+* %$*$),7"' :+./$ +' +6$', "b )"'%,+'). "# +'+6$', "b )-+'6$f
1<;9EA<B>:F. K<C;DIA<M9 :>K CA:=<F<C<>LC9F9EA<B>\ Q>BJF9KL9 BG :II;BI;<:A9 L;:I8C<C ;9OD<;9K6
ADH K<CEDCC -"; '+,0#+* %$*$),7"'/#7'6% +/"0, $a"*0,7"'\
1:;J<>]C A89B;H. <AC B=C9;M:A<B>C :>KEB>EFDC<B>C6
ADK K<CEDCC A89 =<BFBL<E:F CI9E<9CEB>E9IA\
1<CEDCC A89 F<@<A:A<B>C BG A8<C EB>E9IA. GB;9?:@IF9. <> =;99K<>L6
ADNM $9&*+7' ,-$ &#")$%% "b %&$)7+,7"'6 #>EFDK9 <CBF:A<>L @9E8:><C@C a;9I;BKDEA<M9. L9BL;:I8<E. =98:M<BD;:F:>K A9@IB;:F. :FFBI:A;<E :>K CH@I:A;<ECI9E<:A<B> J<A8 ;9G9;9>E9 AB AJB >:@9K9?:@IF9C6
CXC A10/U2/07 18
$+.2 '
!"#$%& @( !"#"$%&'( )*+%*$%,# *#- #*$.+*/ '"/"&$%,# 0&,#1$-2
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND >,,$:&, %$a$#+* $9$#)7%$% 7' "#($# ," 6+7' b+:7*7+#7,. ;7,- ,-$ :+,-$:+,7)+* +%&$),% "bW7"*"6. +'( ," +&&#$)7+,$ *$a$*% "b %76'7b7)+')$D
46 /9M<9J F<A9;:AD;9 B> =<BK<M9;C<AH :>K EB>C9;M:A<B>6
<D 1<CEDCC 8BJ 8D@:>C DC9 :;A<G<E<:F C9F9EA<B> AB E;9:A9. GB; 9?:@IF9. KB@9CA<E:A9K :><@:FC.K<GG9;9>A =;99KC BG KBLC. E8<EQ9>C A8:A F:H : FBA BG 9LLC. ':;=:KBC 'F:EQ=9FFH C899I.b:@:<E: ZBI9D
,&4"$,)&4
T+%,"'? @D +'( U&7)$#? BD '<BK<M9;C<AH a 2> #>A;BKDEA<B>. L'( 8(7,7"'? \'7,$(@7'6(":1 W*+)c;$** 30/*7%-7'6? LMMOD
F+,7"'+* T$"6#+&-7) V+6+Q7'$
_7($" +'(g"# 2$*$a7%7"':+,$#7+*% %0)- +% ,-"%$ b"0'( "' ,-$ Z7%)"a$#. !-+''$*
1:;J<>c B>F<>96B;L6DQ
!"'%$#a+,7"' E',$#'+,7"'+* C$/%7,$ G-,,&1gg;;;D)"'%$#a+,7"'D"#6J
0'- +MBFDA<B> J9=C<A9 8AAI&__JJJ6I=C6B;L_JL=8_9MBFDA<B>JB;QC B> 1:;J<>
JJJ6@9;FBA6EB@
;;;D'+&D$(0g#$+(7'6#7":g/""c%g$a"*0,7"'KHA9:E8<>L :=BDA 9MBFDA<B> <> A89 >:AD;9 BG CE<9>E96
CXC A10/U2/07 19
$+.2 '
!"#$%& A( ,&5,"#$)2.3& -."%"/0
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
ND D>K9;CA:>K :C9?D:F ;9I;BKDEA<B> :>K M9L9A:A<M9 I;BI:L:A<B>\
46 D>K9;CA:>K C9?D:F ;9I;BKDEA<B> <> A89 GFBJ9;<>L IF:>A\
V6 D>K9;CA:>K C9?D:F ;9I;BKDEA<B> <> 8D@:>CD
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
%E 9-*F,3) /*01'2,+$#'" 3"2 G*7*$3$#5* A1'0373$#'"
U,0($',% %-"0*( /$ +/*$ ,"1
NDN 9?IF:<> A89 A9;@ :C9?D:F;9I;BKDEA<B>\
1<CEDCC =<>:;H G<CC<B>. =DKK<>L. :C9?D:FCIB;9 GB;@:A<B>. G;:L@9>A:A<B>\ B>99?:@IF9 BG :C9?D:F ;9I;BKDEA<B> <> IF:>AC.GB; 9?:@IF9. L<>L9;. @9;<CA9@C. 8B;@B>9CA<@DF:A<B>. K9A:<FC BG A89 I;BE9CC9C<>MBFM9K <> A<CCD9 EDFAD;9 :>K A89I;BKDEA<B> BG EDAA<>LC6
NDL K<CEDCC A89 :KM:>A:L9C :>KK<C:KM:>A:L9C BG :C9?D:F;9I;BKDEA<B>\
ND< 9?IF:<> A89 I;<>E<IF9C :>K A89<@IB;A:>E9 BG M9L9A:A<M9I;BI:L:A<B> :C 9?9@IF<G<9K =H A89DC9 BG EDAA<>LC :>K A<CCD9 EDFAD;9\
NDO K<CEDCC A89 L9>9A<E EB>C9OD9>E9C BG:C9?D:F ;9I;BKDEA<B>6
FB ?*F,3)R&,-#'A560#" 0" 6.& I%#$&-0"( =%)"6
U,0($',% %-"0*( /$ +/*$ ,"1
LDN ($%)#7/$ ,-$ %,#0),0#$ "b ,-$ +',-$#+'( ,-$ b"#:+,7"' "b &"**$' 6#+7'%f
2>>BA:A9K (7+6#+:% #$d07#$(D
LDL ($%)#7/$ ,-$ %,#0),0#$ "b ,-$ "a0*$+'( ,-$ b"#:+,7"' "b ,-$ $:/#."%+)f
2>>BA:A9K (7+6#+:% #$d07#$(D
CXC A10/U2/07 20
$+.2 '
!"#$%& A( ,&5,"#$)2.3& -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
?*F,3)R&,-#'A560#" 0" 6.& I%#$&-0"( =%)"6 15#"67'2
LD< @:Q9 K;:J<>LC BG A89 :>A89; :>K9@=;HB C:E G;B@ I;9I:;9K CF<K9C\
LDO 9?IF:<> 8BJ E;BCCTG9;A<F<C:A<B> <CI;B@BA9K\
F"'4%.')-#"'"0% :+,0#+,7"' "b %,+:$'%G3;BABLH>HX +'( )+#&$*% WI;BA:>K;HX?%$&+#+,$ %$9$% WK<B9EHX? 7'%$), &"**7'+,7"'?%$*b 7')":&+,7/7*7,.:>K CA9;<F<AHD
LDA K<CEDCC A89 L9>9A<E EB>C9OD9>E9C BGC9?D:F ;9I;BKDEA<B>\
#>EFDK9 C9FG G9;A<F<[:A<B> :>K E;BCCG9;A<F<[:A<B>6
LDI 9?IF:<> A89 C9OD9>E9 BG 9M9>AC G;B@IBFF<>:A<B> AB G9;A<F<[:A<B>\
2>>BA:A9K K<:L;:@C ;9OD<;9K6
LD= 9?IF:<> A89 C<L><G<E:>E9 BG KBD=F9G9;A<F<[:A<B> <> A89 9@=;HB C:E\
LDH K<CEDCC A89 K9M9FBI@9>A BG A89 C99K:>K A89 G;D<A G;B@ A89 9@=;HB C:E:>K <AC EB>A9>AC. A89 BMDF9 :>K A89:M:;H6
$HI9C BG G;D<AC >BA ;9OD<;9K6
GB ?*F,3) /*01'2,+$#'" #"H,(3"-
U,0($',% %-"0*( /$ +/*$ ,"1
<DN ($%)#7/$ ,-$ %,#0),0#$ +'( b0'),7"'"b ,-$ :+*$ +'( b$:+*$#$&#"(0),7a$ %.%,$:%\
2>>BA:A9K (7+6#+:% #$d07#$(6
<DL :+c$ (#+;7'6% b#": &#$&+#$(%*7($% "b ,-$ :+::+*7+' "a+#. +'(,$%,7%\
<D< $9&*+7' 6+:$,"6$'$%7%f +?IF:<> A89 K<GG9;9>E9 =9AJ99> A89C9EB>K:;H BBEHA9 :>K BMD@6
<DO EB@I:;9 A89 CA;DEAD;9 BG A89BMD@ :>K A89 CI9;@\
CXC A10/U2/07 21
$+.2 '
!"#$%& A( ,&5,"#$)2.3& -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
?*F,3) /*01'2,+$#'" #" H,(3"-15#"67'2
<DA K<CEDCC 8BJ A89 CA;DEAD;9 BG A89BMD@ :>K A89 CI9;@ CD<A A89<;GD>EA<B>C\
<DI $9&*+7' -"; -"#:"'$% #$60*+,$6+:$,"6$'$%7%\
<D= (7%)0%% ,-$ 7:&"#,+')$ "b-"#:"'$% 7' ,-$ )"',#"* "b ,-$:$'%,#0+* ).)*$f
8:&-+%7%$ ,-$ ')7&*$ "b '$6+,7a$b$$(/+)c :$)-+'7%:%D
<DH ($%)#7/$ -"; +'( ;-$#$b$#,7*7Q+,7"' +'( 7:&*+',+,7"''"#:+**. "))0#f
<DK (7%)0%% -"; c'";*$(6$ "b -0:+'#$&#"(0),7a$ +'+,":. +'(&-.%7"*"6. -+% /$$' +&&*7$( ," ,-$($a$*"&:$', "b )"',#+)$&,7a$:$,-"(%f
<DNM 9?IF:<> A89 CA;DEAD;9 :>K GD>EA<B>CBG A89 IF:E9>A:f
<DNN (7%)0%% ,-$ b0'),7"'% "b ,-$+:'7"'f
<DNL (7%)0%% ,-$ &"%%7/*$ $bb$),% "b:+,$#'+* /$-+a7"0# "' b"$,+*($a$*"&:$',D
E')*0($ ,-$ #"*$ "b '0,#7,7"'? +*)"-"* +/0%$?0%$ "b *$6+* +'( 7**7)7, (#06% +'( )76+#$,,$%:"c7'6D
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND 89+:7'$ + #+'6$ "b b*"#+* %,#0),0#$% 7' "#($# ," )*+#7b. a+#.7'6 &"**7'+,7"':$,-"(%D
LD E'a7,$ #$%"0#)$ &$#%"''$* %c7**$( 7' &*+', /7",$)-'"*"6. +'( -0:+' #$&#"(0),7"'D
<D _7%7,% ," +&&#"+,$ N:@<FH 0F:>><>L ,9>A;9C. 0F:>A 0;BI:L:A<B> -A:A<B>C :>K $<CCD9,DFAD;9 !><ACD
CXC A10/U2/07 22
CXC A10/U2/07 23
$+.2 '
!"#$%& A( ,&5,"#$)2.3& -."%"/0
,&4"$,)&4
!+##7'6,"'? UD P<FK NFBJ9;C BG ':;=:KBC? Y"'("' +'( W+%7'6%,"c$1V+):7**+' 3#$%% Y7:7,$(? NKKKD
]"'$.)-0#)-? 3D ,:;<==9:> P<FK 0F:>AC :>K A89<; !C9C? Y"'("' +'(W+%7'6%,"c$1 V+):7**+' !+#7//$+'? NKHID
5+a$'? 3D? 8a$#,? 5D +'( 87)--"#'?UD
'<BFBLH BG 0F:>AC. F$; ^"#c1 CD]D P#$$:+' +'(!":&+'. 30/*7%-$#%? LMMLD
2+.*"#? ZD U;BJA8 19M9FBI@9>A :>K /9I;BKDEA<B>? !+:/#7(6$1!+:/#7(6$ \'7a$#%7,. 3#$%% >(a+')$( U)7$')$%? LMMND
CXC A10/U2/07 24
! A1'/ IF 6'0313-J3/'!5G 6'05D5/345 .1= .>>2'!./'015!"#$%& '( -."&+&,/&2.)4
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
ND D>K9;CA:>K ,-$ &#")$%% "b &-","%.',-$%7% +'( 7,% #"*$ 7' ,#+'%b"#:7'6 *76-, $'$#6. 7',")-$:7)+* $'$#6. <> A89 GB;@ BG 2K9>BC<>9 $;<I8BCI8:A9 W2$0X\
LD D>K9;CA:>K ,-$ &#")$%% "b )$**0*+# #$%&7#+,7"' +'( 7,% #"*$ 7' &#"(0)7'6 >23\
<D D>K9;CA:>K $'$#6. b*"; +'( '0,#7$', ).)*7'6 7' $)"%.%,$:% +'( ,-$7# #"*$ 7' :+7',+7'7'6,-$ %,+/7*7,. "b ,-$%$ $)"%.%,$:%f
OD :II;9E<:A9 ,-$ $)"%.%,$: +% + (.'+:7) %.%,$: 7'a"*a7'6 7',$#+),7"' "b /7",7) +'( +/7",7))":&"'$',%f
AD =9 :J:;9 BG =<BK<M9;C<AH :>K EB>C9;M:A<B>6
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
CB A;'$'-8"$;*-#- 3"2 9:A ?8"$;*-#-
U,0($',% %-"0*( /$ +/*$ ,"1
NDN ($%)#7/$ ,-$ %,#0),0#$ "b +(7)",.*$("'"0% *$+b? + &+*7%+($ )$**+'( + )-*"#"&*+%, ;9F:A<>L ,-$%$%,#0),0#$% ," ,-$7# #"*$% 7' ,-$&#")$%% "b &-","%.',-$%7%\
2>>BA:A9K (7+6#+:% #$d07#$(6
NDL :+c$ (#+;7'6% b#": &#$&+#$(%*7($% "b + ,#+'%a$#%$ %$),7"' "b +(7)",.*$("'"0% *$+b? +'( + &+*7%+($)$**\
ND< 9?IF:<> A89 I;BE9CC BGI8BABI8BCI8B;HF:A<B>\
#>EFDK9 2$0]C GD>EA<B>C :C A89 D><M9;C:F9>9;LH dED;;9>EHe <> :FF F<M<>L B;L:><C@C6
#>EFDK9 A89 ;BF9 BG I<L@9>AC. :>K 9F9EA;B>E:;;<9;C <> A89 I;BE9CC6 $89 EB>M9;C<B> BGF<L8A 9>9;LH <>AB E89@<E:F 9>9;LH BG 2$0.A89 ;9KDEA<B> BG "210 :>K A89 9MBFDA<B> BGB?HL9> :C : =HTI;BKDEA C8BDFK =9 >BA9K6"B =<BE89@<E:F K9A:<F <C ;9OD<;9K6
CXC A10/U2/07 25
$+.2 @
!"#$%& '( -."&+&,/&2.)4 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
A;'$'-8"$;*-#- 3"2 9:A ?8"$;*-#- 15#"67'2
NDO "0,*7'$ ,-$ $%%$',7+* %,+6$% "b ,-$!+*a7' ).)*$ 7'a"*a7'6 ,-$ *76-,7'($&$'($', b79+,7"' "b )+#/"'(7"97($\
@'";*$(6$ "b !O &*+',% '", #$d07#$(DE')*0($ ,-$ b79+,7"' "b )+#/"' (7"97($ /.#7/0*"%$ /7%&-"%&-+,$ ," .7$*(&-"%&-"6*.)$#7) +)7( G6*.)$#+,$4<43J +'(,-$ %0/%$d0$', )"'a$#%7"' ," ,#7"%$&-"%&-+,$ +'( ",-$# )+#/"-.(#+,$%D8:&-+%7Q$ ,-$ #"*$% "b >23 +'( F>Z3D
NDA (7%)0%% ,-$ )"')$&, "b *7:7,7'6b+),"#% 7' &-","%.',-$%7%\
NDI <>M9CA<L:A9 A89 9GG9EA BG F<@<A<>LG:EAB;C B> A89 ;:A9 BGI8BABCH>A89C<C\
*<L8A <>A9>C<AH :>K E:;=B> K<B?<K9EB>E9>A;:A<B>6
ND= (7%)0%% ,-$ $9,$', ," ;-7)-c'";*$(6$ "b *7:7,7'6 b+),"#% )+'/$ 0%$( ," 7:&#"a$ &*+',&#"(0),7a7,.6
FB I*)),)31 /*-0#13$#'" 3"2 9:A ?8"$;*-#-
U,0($',% %-"0*( /$ +/*$ ,"1
LDN BDAF<>9 ,-$ %,$&;7%$ /#$+c(";' "b6*0)"%$ 7' )$**0*+# #$%&7#+,7"'\
":@9C BG 9>[H@9C >BA ;9OD<;9K6
LDL 9?IF:<> ,-$ %$d0$')$ "b %,$&% 7'6*.)"*.%7%\
#>EFDK9 A89 <><A<:F I8BCI8B;HF:A<B> BGLFDEBC9. FHC<C <>AB AJB VTE:;=B> EB@IBD>KC:>K A89 CD=C9OD9>A I;BKDEA<B> BG IH;DM:A9.: C@:FF H<9FK BG 2$0 :>K ;9KDE9K "216/9EBL><A<B> BG C<@IF<G<9K CA;DEAD;:FGB;@DF:9 <>A9;@9K<:A96
LD< K9CE;<=9 A89 CA;DEAD;9 BG :@<ABE8B>K;<B>. ;9F:A<>L <ACCA;DEAD;9 AB <AC GD>EA<B>\
Z7+6#+: #$d07#$(6
LDO CA:A9 A89 G:A9 BG IH;DM:A9 <> A89EHABCBF J89> B?HL9> <C :M:<F:=F9\
0H;DM:A9 9>A9;C A89 @:A;<? :>K <C EB>M9;A9KAB :E9AHF ,B2 M<: B?<K:A<M9K9E:;=B?HF:A<B>6
CXC A10/U2/07 26
$+.2 @
!"#$%& '( -."&+&,/&2.)4 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
I*)),)31 /*-0#13$#'" 3"2 9:A ?8"$;*-#- 15#"67'2
LDA BDAF<>9 A89 ^;9=C EHEF9\ 19A:<FC BG CA;DEAD;9C BG <>A9;@9K<:A9C>BA ;9OD<;9K6
LDI 9?IF:<> A89 C<L><G<E:>E9 BG A89^;9=C EHEF9 <> 2$0 GB;@:A<B>\
+@I8:C<C9 I;BKDEA<B> BG "21Z :>KN21Z4\ B?<K:A<B> :>KK9E:;=B?HF:A<B>6
LD= 9?IF:<> A89 I;BE9CC BG B?<K:A<M9I8BCI8B;HF:A<B> J<A8 ;9G9;9>E9AB A89 9F9EA;B> A;:>CIB;A E8:<>\
#>EFDK9 A89 ;BF9C BG 8HK;BL9> :>K9F9EA;B> E:;;<9;C\ A89 CH>A89C<C BG 2$0:>K A89 ;BF9 BG B?HL9>6 "B K9A:<FC BG A89E:;;<9;C :;9 ;9OD<;9KE 2 CD@@:;H BG2$0 I;BKDEA<B> C8BDFK =9 Q>BJ>6
LDH <>M9CA<L:A9 A89 ;:A9 BG B?HL9>DIA:Q9 KD;<>L ;9CI<;:A<B> DC<>L: C<@IF9 ;9CI<;B@9A9;\
U9;@<>:A<>L C99KC @:H =9 DC9K6 2EB>A;BF <C >99K9K6
LDK EB@I:;9 A89 G:A9 BG IH;DM:A9 <>A89 :=C9>E9 BG B?HL9> <>:><@:FC :>K H9:CA6
N9;@9>A:A<B> :FFBJC GB; A89;9L9>9;:A<B> BG "21 CB A8:A LFHEBFHC<CE:> EB>A<>D9 <> A89 :=C9>E9 BG B?HL9>6#>EFDK9 A89 EB>E9IA BG B?HL9> K9=A <>@:@@:FC\ :>K >BA9 A8:A F:EA:A9 E:> =9EB>M9;A9K =:EQ WB?<K<[9KX AB IH;DM:A9J89> B?HL9> <C :L:<> :M:<F:=F96 #>EFDK9EB@@9;E<:F DC9C BG H9:CA6
GB 8"&-(? I%#$ )"' QA6-0&"6 *?5%0"(
U,0($',% %-"0*( /$ +/*$ ,"1
<DN K<CA<>LD<C8 :@B>L A89 A9;@C9EBCHCA9@. 8:=<A:A. 9EBFBL<E:F><E89\
!C9 9?:@IF9C6
<DL (7%)0%% ,-$ ;+. 7' ;-7)- $'$#6.b*";% 7' +' $)"%.%,$:f
NBBK E8:<>C :>K GBBK J9=C6 +@I8:C<C9A89 :KM:>A:L9C BG A89 GBBK J9=6
<D< (7%)0%% ,-$ $bb7)7$'). "b $'$#6.,#+'%b$# /$,;$$' ,#"&-7) *$a$*%f
<DO (7%)0%% ,-$ )"')$&, "b /7"*"67)+*&.#+:7(%f
E')*0($ ,-$ *7:7,+,7"'% "b ,-$ &.#+:7(%"b '0:/$#%? /7":+%% +'( $'$#6.D
CXC A10/U2/07 27
$+.2 @
!"#$%& '( -."&+&,/&2.)4 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
8"&-(? I%#$ )"' QA6-0&"6 *?5%0"( 15#"67'2
<DA K9CE;<=9 8BJ ><A;BL9> <C EHEF9KJ<A8<> :> 9EBCHCA9@\
E')*0($ ,-$ #"*$ "b :7)#""#6+'7%:%D
<DI (7%,7'607%- /$,;$$' $'$#6. b*";+'( '0,#7$', ).)*7'6 ;7,-7' +'$)"%.%,$:\
<D= $9&*+7' -"; $'$#6. b*"; +'('0,#7$', ).)*7'6 +#$ 7:&"#,+',b"# $)"%.%,$:% ," #$:+7' %$*b4%0%,+7'7'6 0'7,%6
JB D+')'7#+3) ?8-$*(-. &#'2#5*1-#$8 3"2 I'"-*153$#'"-
U,0($',% %-"0*( /$ +/*$ ,"1
ODN K<CEDCC 8BJ 9EBCHCA9@C GD>EA<B>:C KH>:@<E CHCA9@C\
!C9 : >:@9K 9?:@IF96 #>EFDK9<>A9;:EA<B>C =9AJ99> =<BA<E :>K :=<BA<EG:EAB;C6
ODL 9?IF:<> A89 EB>E9IA BG =<BK<M9;C<AH\ 1<CEDCC L9>9A<E K<M9;C<AH. CI9E<9CK<M9;C<AH :>K 9EBCHCA9@ K<M9;C<AH6
OD< K<CEDCC A89 <@IB;A:>E9 BG A89@:<>A9>:>E9 BG =<BK<M9;C<AH\
#>A;<>C<E. K<;9EA :>K <>K<;9EA M:FD9C.<>EFDK<>L @9K<E<>9. >:AD;:F I;BKDEAC.ABD;<C@6
ODO K<CEDCC 8BJ CI9E<9C K<M9;C<AH <C;9F:A9K AB A89 CA:=<F<AH BG :>9EBCHCA9@\
ODA 9?IF:<> 8BJ <> C<AD :>K 9? C<ADEB>C9;M:A<B> @9A8BKC :;9 DC9K AB@:<>A:<> =<BK<M9;C<AH6
0;BA9EA9K :;9:C :>K B; ;9C9;M9C. C99K=:>QC. =BA:><E L:;K9>C. [BBC. CI9;@=:>QC. 9@=;HB =:>QC6
CXC A10/U2/07 28
$+.2 @
!"#$%& '( -."&+&,/&2.)4 89:;<=>?
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND 5$a7$; ,-$ 6$'$#+* ')7&*$% "b "97(+,7"'? #$(0),7"' +'( $*$),#"' b*";D
LD \%$ "b )-+#,% +'( )#$+,7"' "b )"')$&, :+&% #+,-$# ,-+' $9)$%%7a$ /7")-$:7)+* ($,+7*%D
<D \%$ :0*,7:$(7+ &#$%$',+,7"' +'( )0##$', 7'b"#:+,7"' +a+7*+/*$ 7' %"0#)$%? %0)- +% F+,0#$?F+,7"'+* T$"6#+&-7) +'( Z7%)"a$#. ," b0**. +&&#$)7+,$ $)"%.%,$: (.'+:7)%D
OD /9G9; AB A89 +K9> 0;BY9EA <> A89 !><A9K ^<>LKB@D
R6 (;L:><C9 G<9FKA;<IC B; G<9FKJB;Q AB <>EFDK9 A89 DC9 BG C:@IF<>L A9E8><OD9C :>K@9:CD;9@9>A BG :=<BA<E G:EAB;C6
76 1<CEDCC 8D@:> <@I:EA B> =<BK<M9;C<AH6
,&4"$,)&4
5$7%%? VD +'( !-+&:+'? BD +EBFBLH& 0;<>E<IF9C :>K 2IIF<E:A<B>C. !+:/#7(6$1!+:/#7(6$ \'7a$#%7,. 3#$%%? LMM<D
S&@/06&/
;;;D%+a$,-$:+'+,$$D"#6;;;D#+:%+#D"#6g;D'D'+#7a+;;;D#+:%+#D"#6;;;D;$,*+'(%D"#6
CXC A10/U2/07 29
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&"
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
ND D>K9;CA:>K ,-$ :$)-+'7%: /. ;-7)- &*+',% +/%"#/ :7'$#+*% +'( ;+,$# ,-#"06- ,-$#"",% +'( ,#+'%&"#, ,-$: ,-#"06- ,-$ 9.*$:\
LD D>K9;CA:>K ,#+'%*")+,7"' 7' ,-$ &-*"$:\
<D D>K9;CA:>K ,-$ "#6+'7Q+,7"'? %,#0),0#$ +'( ,#+'%&"#, b0'),7"' "b ,-$ :+::+*7+')7#)0*+,"#. %.%,$:\
OD D>K9;CA:>K ,-$ )"')$&, "b -":$"%,+%7% +'( -"#:"'+* +),7"'\
AD D>K9;CA:>K ,-$ #"*$ "b ,-$ c7('$.% +% $9)#$,"#. +'( #$60*+,"#. "#6+'%\
ID D>K9;CA:>K A89 ;BF9 BG A89 >9;MBDC CHCA9@ <> CHCA9@C @:<>A9>:>E96
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
CB :;*!0$3J* 3"2 :13"-0'1$ '<K3$*1 3"2L#"*13)-
U,0($',% %-"0*( /$ +/*$ ,"1
NDN 9?IF:<> A89 DIA:Q9 BG <B>C =H:EA<M9 A;:>CIB;A <> ;BBAC\
8:&-+%7%$ ,-$ #"*$ "b ,-$ $'("($#:7%6
NDL ($%)#7/$ ,-$ $',#. "b ;+,$# 7',"&*+', #"",% 7' ,$#:% "b ;+,$#&",$',7+*f
ND< ;9F:A9 A89 CA;DEAD;9 BG ?HF9@M9CC9FC AB A89<; GD>EA<B>\
E')*0($ ,#+'%&"#, +'( %0&&"#, #"*$%6
NDO :+c$ (#+;7'6% b#": &#$&+#$(%*7($% "b 9.*$: a$%%$*%f
NDA BDAF<>9 A89 :CE9>A BG J:A9; <>IF:>ACf
/BBA I;9CCD;9. E:I<FF:;<AH. EB89C<B>.:K89C<B> :>K A;:>CI<;:A<B> IDFFD E')*0($,-$ #"*$ "b %,":+,+ 7' ,#+'%&7#+,7"'D
CXC A10/U2/07 30
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&" 067891:2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
L.& 3,6);& )"' L-)"/,#-6 #4S)6&- )"'H0"&-)%/ 15#"67'2
NDI 7'a$%,76+,$ ,-$ 7:&+), "b$'a7#"':$',+* b+),"#% B> A89 ;:A9BG A;:>CI<;:A<B>6
#>EFDK9 F<L8A :>K :<; @BM9@9>AC6
FB L-)"/,#-6 0" 6.& =.%#&+
U,0($',% %-"0*( /$ +/*$ ,"1
LDN ;9F:A9 A89 CA;DEAD;9 BG C<9M9 AD=9C+'( )":&+'7"' )$**% AB A89<;GD>EA<B>f
LDL :+c$ (#+;7'6% "b %7$a$ ,0/$% +'()":&+'7"' )$**% b#": &#$&+#$(:7)#"%)"&$ %*7($%f
LD< *+/$* &$#,7'$', b$+,0#$% 7' +'$*$),#"' :7)#"6#+&- "b + %7$a$,0/$ +'( )":&+'7"' )$**f
LDO 9?IF:<> 8BJ I8FB9@ FB:K<>L <>A89 F9:M9C BEED;C :L:<>CA :EB>E9>A;:A<B> L;:K<9>A\
LDA (7%)0%% :+%% G&#$%%0#$J b*"; +% +&"%%7/*$ :$)-+'7%: "b,#+'%*")+,7"'D
89&$#7:$',+* $a7($')$ b"# +'( +6+7'%, ,-7%-.&",-$%7%D
GB L.& *0-5A%)6#-? :?/6&+ #4 H)++)%/
U,0($',% %-"0*( /$ +/*$ ,"1
<DN ($%)#7/$ ,-$ %,#0),0#$ "b +#,$#7$%?a$7'% +'( )+&7**+#7$%. ;9F:A<>LA89<; CA;DEAD;9C AB A89<; GD>EA<B>C\
<DL :+c$ (#+;7'6% "b +#,$#7$% +'(a$7'% b#": &#$&+#$( :7)#"%)"&$%*7($%f
CXC A10/U2/07 31
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&" 067891:2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
L.& *0-5A%)6#-? :?/6&+ #4 H)++)%/ 15#"67'2
<D< K9CE;<=9 A89 CA;DEAD;9 BG A8989:;A\
2>>BA:A9K K<:L;:@ BG A89 89:;A :>K:CCBE<:A9K @:YB; =FBBK M9CC9FC6
<DO :+c$ (#+;7'6% "b : FB>L<ADK<>:F%$),7"' "b ,-$ -$+#,f
\%$ b#$%- "# &#$%$#a$( %&$)7:$'% ,"$:&-+%7Q$ ,-$ <4Z %,#0),0#$6
<DA $9&*+7' ,-$ )+#(7+) ).)*$ +'( 7,%7'7,7+,7"'f
<DI K<CEDCC A89 <>A9;>:F G:EAB;C A8:AEB>A;BF 89:;A :EA<B>f
<D= ($b7'$ ,-$ ,$#:% /*""( &#$%%0#$+'( &0*%$f
<DH (7%)0%% b+),"#% +bb$),7'6 /*""(&#$%%0#$f
<DK :+c$ (#+;7'6% "b $#.,-#").,$%+'( *$0)").,$% b#": &#$&+#$(%*7($%f
<DNM $9&*+7' ,-$ #"*$ "b -+$:"6*"/7' 7'"9.6$' +'( )+#/"' (7"97($,#+'%&"#,f
P*"; )-+#,% '", #$d07#$(D
<DNN K9CE;<=9 B?HL9> K<CCBE<:A<B>ED;M9C GB; :KDFA 8:9@BLFB=<>f
#>A9;I;9A K:A:6
<DNL $9&*+7' ,-$ %76'7b7)+')$ "b ,-$$bb$), "b )+#/"' (7"97($ "' "9.6$'(7%%")7+,7"' )0#a$% GW"-# 8bb$),JD
CXC A10/U2/07 32
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&" 067891:2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
JB H'(*'-$3-#- 3"2H'1('"3) 9+$#'"
U,0($',% %-"0*( /$ +/*$ ,"1
ODN (7%)0%% ,-$ EB>E9IA 8B@9BCA:C<Cf /9E9IAB;C. 9GG9EAB;C. C9A IB<>A. G99K=:EQ:>K 8B@9BCA:A<E 9OD<F<=;<D@6 +@I8:C<[9A89 KH>:@<EC BG G99K=:EQ @9E8:><C@CD
ODL BDAF<>9 A89 L9>9;:F I;<>E<IF9C BG8B;@B>:F :EA<B> <> :><@:FC\
#>EFDK9 KDEAF9CC LF:>KC <> :><@:FC\ A:;L9AE9FFC :>K ;9E9IAB;C6
OD< 9?IF:<> 8BJ <>CDF<> :>K LFDE:LB>;9LDF:A9 =FBBK LFDEBC9EB>E9>A;:A<B>\
ODO 9?IF:<> A89 9GG9EA BG A89 IF:>A;9LDF:; @BF9EDF9. 9A8HF9>9W9A89>9X. B> G;D<A ;<I9><>L\
)9>A<B> A89 L:C9BDC >:AD;9 BG 9A8HF9>9:>K <AC 9GG9EA B> ;9CI<;:A<B>6 $HI9C BGG;D<AC >BA ;9OD<;9KD
ODA K<CEDCC A89 EB@@9;E<:F DC9 @:K9 BG9A8HF9>9 <> CDIIFH<>L @:;Q9AT;9:KH G;D<A6
OB L.& !0'"&?T 895-&60#" )"' U/+#-&(A%)60#"
U,0($',% %-"0*( /$ +/*$ ,"1
ADN $9&*+7' ,-$ '$$( ," #$:"a$'7,#"6$'"0% +'( ",-$# $9)#$,"#.&#"(0),% b#": ,-$ /"(.f
/9M<9J A89 GB;@:A<B> BG D;9:6
ADL ($%)#7/$ ,-$ 6#"%% %,#0),0#$ "b ,-$c7('$. +'( ,-$ ($,+7*$( %,#0),0#$ "b,-$ '$&-#"' +'( +%%")7+,$( /*""(a$%%$*%f
2>>BA:A9K K<:L;:@C ;9OD<;9K6
AD< :+c$ (#+;7'6% "b %$),7"'% "b ,-$c7('$. b#": &#$&+#$( %7($%f
ADO $9&*+7' ,-$ b0'),7"' "b ,-$ c7('$.7' ,$#:% "b $9)#$,7"' +'("%:"#$60*+,7"'f
E')*0($ ,-$ #"*$ "b >Z]D
ADA (7%)0%% ,-$ )*7'7)+* %76'7b7)+')$ "b,-$ &#$%$')$ "b 6*0)"%$ +'( &#",$7'7' ,-$ 0#7'$D
CXC A10/U2/07 33
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&" 067891:2
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
VB Q&-N#A/ *#W#-'0")60#"
U,0($',% %-"0*( /$ +/*$ ,"1
IDN ($%)#7/$ ,-$ %,#0),0#$ "b :","#+'( %$'%"#. '$0#"'$%f
2>>BA:A9K (7+6#+:% #$d07#$(D
IDL $9&*+7' ,-$ #"*$ "b '$#a$ )$**:$:/#+'$% 7' $%,+/*7%-7'6 +'(:+7',+7'7'6 ,-$ #$%,7'6 &",$',7+*f
ID< ($%)#7/$ ,-$ EB>KDEA<B> "b +'+),7"' &",$',7+* +*"'6 ,-$ '$#a$)$** :$:/#+'$f
8:&-+%7%$ ,-$ a+*0$ "b :.$*7'+,$('$0#"'% 7' 7')#$+%7'6 ,-$ %&$$( "b,#+'%:7%%7"'D
IDO 9?IF:<> CH>:IA<E A;:>C@<CC<B>f -A;DEAD;9 BG E8BF<>9;L<E CH>:IC962>>BA:A9K K<:L;:@C ;9OD<;9K6
IDA "0,*7'$ ,-$ #"*$ "b %.'+&%$%D
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND ):Q9 CF<K9C BG A;:>CM9;C9 :>K FB>L<ADK<>:F C9EA<B>C BG CA9@C. ;BBAC :>K F9:M9C G;B@ F<M<>LA<CCD9. C9F9EA9K =H A89 CADK9>AC AB <>M9CA<L:A9 A89<; @<E;BCEBI<E CA;DEAD;9D
LD \%$ /7'")0*+# :7)#"%)"&$% ," $9+:7'$ #"", -+7#% +'( %,":+,+D
<D U$, 0& $9&$#7:$',% "' ,#+'%&7#+,7"' 7' /",- )0, %,$:% +'( &",,$( &*+',% ," %-"; :$,-"(%+'( #$%0*,%D
OD #G IBCC<=F9. a7%7, ,-$ -"%&7,+*h% )+#(7+) 0'7, ," %$$ -"; + &+)$:+c$# 7% b7,,$(? + /*""()"**$),7"' )$',#$:>K_B; +:$(7)+* *+/"#+,"#. ," "/%$#a$ /*""( ,$%,7'6D
AD 2+c$ /*""( &#$%%0#$ :$+%0#$:$',%? +'( 7'a$%,76+,$ ,-$ $bb$), "b $9$#)7%$? #$%,? $9)7,$:$',+'( ,$:&$#+,0#$ B> =FBBK I;9CCD;9D
CXC A10/U2/07 34
$+.2 @
!"#$%& @( 3%,'4'$"5' 5*%#$"#*#&" 067891:2
ID \%$ :"($*% "b -$+#, +'( c7('$.% ," )"')$&,0+*7Q$ <4(7:$'%7"'+* %,#0),0#$D
=D V+c$ :"($*% "b 9.*$:? &-*"$:? %$),7"'% "b W";:+'h% !+&%0*$%? '$&-#"'%? +*a$"*7? +#,$#7$%?a$7'% +'( /*""( )":&"'$',%? ," %)+*$D
HD \%$ :0*,7:$(7+? Z7%)"a$#. +'( Z7%)"a$#. ]$+*,- ,$*$a7%7"' &#"6#+:%? +))$%% ,-$ *")+*8(0)+,7"' \'7,h% >0(7" _7%0+* 5$%"0#)$ !$',#$? +'( a7%7, C$/%7,$% 0%7'6 c$.;"#(% +'(c$$& + #$)"#( +'( "# /""c:+#c% "b 0%$b0* %7,$%D
KD >**"; "# +%%7%, %,0($',% ," ,+c$ &-","6#+&-% "b :7)#"%)"&$ %*7($% +'( :+c$ &#"e$),"# %*7($%D
,&4"$,)&4
W#+(b7$*(? 3D? Z"((%? BD $, +* 24 *9M9F '<BFBLH.8%%$91 3$+#%"' 8(0)+,7"' Y7:7,$(? LMMLD
B"'$%? >D? 5$$(? 5D +'(C$.$#%? BD 0;:EA<E:F -Q<FFC <> '<BFBLH? <#( 8(7,7"'? F$; B$#%$.1 3$+#%"'3#$',7)$ ]+**? 3$+#%"' 8(0)+,7"' Y,(D? LMM<D
E'(6$? WD 1:A: :>K 1:A: Z:>KF<>L GB; 2- :>K 24 '<BFBLH. Y"'("'1]"(($#
+'(V0##+. 30/*7%-$#%? LMM<D
V"#6+'? UD 0;:EA<E:F PB;Q GB; '<BFBLH. Y"'("'1 ]"(($# +'(U,#"06-,"'?
LMMLD
27:$? F$;%;$$c? F+,0#$? Z7%)"a$#E'%76-, V$(7+ _7($" i !Z5": !+,+*"60$G;;;D7'%76-,4:$(7+D)":JG$:+7*? )%R7'%76-,4:$(7+D)":J
CXC A10/U2/07 35
$+.2 @
!"#$%& A( *55%.)*2."+4 "6 -."%"/0
/&+&,*% "-1&)2.3&4
X' )":&*$,7"' "b ,-7% V"(0*$? %,0($',% %-"0*(1
ND D>K9;CA:>K A89 A9;@C f89:FA8] :>K fK<C9:C9]f
LD D>K9;CA:>K A89 I;<>E<IF9C BG <@@D>BFBLH\
<D =9 :J:;9 BG A89 I;<>E<IF9C D>K9;FH<>L CBE<:F :>K I;9M9>A:A<M9 @9K<E<>9f
OD D>K9;CA:>K K;DL :=DC9 :>K <AC <@IF<E:A<B>C6
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
CB X&)%6. )"' >0/&)/&
U,0($',% %-"0*( /$ +/*$ ,"1
NDN (7%)0%% ,-$ :$+'7'6 "b ,-$ ,$#:j-$+*,-hf
NBEDC B> A89 I8HC<E:F. @9>A:F :>K CBE<:F:CI9EAC BG 89:FA8D
NDL 9?IF:<> A89 E:A9LB;<9C BG K<C9:C9B; <FF>9CCf
E')*0($ &-.%7)+*? :$',+*? %")7+*? )-#"'7)?7'b$),7"0%? ($6$'$#+,$? 7'-$#7,$(? %$*b47'b*7),$(? ($b7)7$').? ;7,- +' $9+:&*$ "b$+)-D 1<C9:C9C J<FF G<A <>AB @B;9 A8:> B>9E:A9LB;H6
ND< K<CEDCC ;9:CB>C GB; A89 ;9L<B>:FK<CA;<=DA<B> BG 2EOD<;9K #@@D>919G<E<9>EH -H>K;B@9 W2#1-X.K<:=9A9C :>K E:>E9;\
2#1-& <>EFDK9 A89 =<BFBLH BG A89 M<;DC\F9>LA8 BG <>ED=:A<B> I9;<BK\ ;BF9C BGF<G9CAHF9. 9:C9 BG A;:M9F. EBCA BG K;DLC :>KF:EQ BG 9KDE:A<B> B> A89 CI;9:K BG A89M<;DC6
1<:=9A9C& <>EFDK9 A89 9GG9EAC BG K<9A.B=9C<AH :>K I;9>:A:F @:F>DA;<A<B>6
,:>E9;& <>EFDK9 ;BF9C BG 9>M<;B>@9>A:F8:[:;KC. GBBK :KK<A<M9C. M<;DC9C. L9>9A<EG:EAB;C\ <@IF<E:A<B>C BG CH@IAB@:J:;9>9CC :>K G:<FD;9 AB C99Q A;9:A@9>A<> @:>:L9@9>A BG A89 K<C9:C96
CXC A10/U2/07 36
$+.2 @
!"#$%& A( *55%.)*2."+4 "6 -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
X&)%6. )"' >0/&)/& 15#"67'2
NDO :>:FH[9 K:A: <>MBFM<>L <>E<K9>E9:>K @B;A:F<AH ;:A9C BG K<C9:C96
+?IF:<> A89 @9:><>LC BG <>E<K9>E9 :>K@B;A:F<AH ;:A9C\ CADK9>AC C8BDFK <>A9;I;9A:>K :>:FHC9 K:A: :>K K;:J EB>EFDC<B>C:>K B; @:Q9 I;9K<EA<B>C6
FB B((,"')'78
U,0($',% %-"0*( /$ +/*$ ,"1
LDN K9CE;<=9 A89 @BK9 BG :EA<B> BGI8:LBEHA9C\
/9M<9J I8:LBEHABC<C\ <>EFDK9 ;BF9 BG @:CAE9FFC :>K 8<CA:@<>9 I;BKDEA<B>\EB@IF9@9>A\ I8:LBEHA9C :C :>A<L9>TI;9C9>A<>L E9FFC6
LDL K9G<>9 A89 A9;@. d<@@D>9;9CIB>C9e\
LD< EB@I:;9 A89 B;<L<> :>K@:AD;:A<B> BG BT :>K $TFH@I8BEHA9C\
#>EFDK9 A89 AHI9C BG $TE9FFC :>K A89<;GD>EA<B> W;9G9; AB Z#3X\ B-E9FFC :>K A89<;GD>EA<B>6
LDO K<CA<>LD<C8 =9AJ99> A89 8D@B;:F:>K A89 E9FFT@9K<:A9K <@@D>9;9CIB>C9C\
19A:<FC ;9OD<;9K6
LDA 9?IF:<> A89 ;BF9 BG @9@B;H E9FFC <>FB>LTA9;@ <@@D><AH\
$T :>K 'T @9@B;H E9FFC6
LDI ;9F:A9 A89 @BF9EDF:; CA;DEAD;9 BG :AHI<E:F :>A<=BKH @BF9EDF9 AB <ACGD>EA<B>\
*:=9FF9K K<:L;:@ BG AHI<E:F :>A<=BKHC8BJ<>L <AC f5TC8:I9K] CA;DEAD;9\ <>EFDK9A89 GD>EA<B> BG A89 M:;<BDC I:;AC\CI9E<G<E<AH BG :>A<=BKH AB :>A<L9>6
LD= K<CA<>LD<C8 =9AJ99> :EA<M9 :>KI:CC<M9 <@@D><AH. >:AD;:F :>K:;A<G<E<:F <@@D><AH\
#>EFDK9 9?:@IF9C6
LDH 9?IF:<> A89 ;BF9 BG M:EE<>:A<B> <>I;BM<K<>L <@@D><AH\
CXC A10/U2/07 37
$+.2 @
!"#$%& A( *55%.)*2."+4 "6 -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
B((,"')'78 15#"67'2
LDK CA:A9 J8:A <C @9:>A =H :@B>BEFB>:F :>A<=BKH\
LDNM K9CE;<=9 A89 DC9 BG @B>BEFB>:F:>A<=BK<9C <> K<:L>BC<C :>KA;9:A@9>A6
$89 :>A<E:>E9; K;DL. ):=$89;:\ K9A:<FC;9OD<;9K BG A89 DC9 BG @B>BEFB>:F:>A<=BK<9C <> I;9L>:>EH A9CA<>L6
GB :#50)% )"' =-&N&"6)60N&H&'050"&
U,0($',% %-"0*( /$ +/*$ ,"1
<DN K<CEDCC A89 E:DC:A<M9 ;9F:A<B>C8<I:@B>L K<9A. B=9C<AH :>K K<:=9A9C\
/9M<9J A89 EB>E9IA BG : =:F:>E9K K<9A\'BKH ):CC #>K9? W')#X\ $HI9 % :>K $HI94 K<:=9A9C6
<DL K9CE;<=9 A89 9GG9EAC BG G:AC B> A89E:;K<BM:CEDF:; CHCA9@\
2A89;BCEF9;BC<C. EB;B>:;H 89:;A K<C9:C9.8HI9;A9>C<B> :>K CA;BQ96 19A:<FC BG IF:OD9GB;@:A<B>6
<D< 7'a$%,76+,$ ,-$ 7::$(7+,$ $bb$),%"b $9$#)7%$ "' ,-$ /"(.f
<DO K<CEDCC A89 EB>C9OD9>E9C BG9?9;E<C9 B> A89 =BKH :>K A89=9>9G<AC BG @:<>A:<><>L :I8HC<E:FFH G<A =BKH\
#>EFDK9 FB>LTA9;@ :>K C8B;ATA9;@EB>C9OD9>E9C\ ;9F:A9 =9>9G<AC AB A89I;9M9>A<B> BG E8;B><E K<C9:C9C\ ;9G9; AB3(4 @:? :>K E:;K<:E 9GG<E<9>EH6
<DA K9CE;<=9 A89 @9E8:><C@C BG<>G9EA<B> GB; 2#1- :>K K9>LD9G9M9; :>K A89<; E:DC<A<M9 :L9>AC\
#>EFDK9 I;BE9CC9C BG <>G9EA<B>\ ;9IF<E:A<B>BG A89 K<C9:C9TE:DC<>L B;L:><C@C6
<DI 9?IF:<> 8BJ 2#1- :>K K9>LD9G9M9; :;9 A;:>C@<AA9K\
2#1-& @9>A<B> F<G9CAHF96
19>LD9 G9M9;& A89 M9EAB; <C 29K9C :9LHIA<6
<D= +%%$%% ,-$ 7:&+),% "b >EZU +'(($'60$ b$a$# #$67"'+**.f
#>EFDK9 CBE<:F :>K 9EB>B@<E <CCD9C6
CXC A10/U2/07 38
$+.2 @
!"#$%& A( *55%.)*2."+4 "6 -."%"/0 89:;<=>?
45&).6.) "-1&)2.3&4 &75%*+*2",0 +"2&4
:#50)% )"' =-&N&"6)60N& H&'050"&15#"67'2
<DH K<CEDCC A89 ;BF9C BG CBE<:F.9EB>B@<E :>K =<BFBL<E:F G:EAB;C <>A89 I;9M9>A<B> :>K EB>A;BF BG2#1- :>K K9>LD9 G9M9;6
JB ?,=-$3"+* 9=,-*
U,0($',% %-"0*( /$ +/*$ ,"1
ODN K<CEDCC A89 @9:><>L BG A89 A9;@.dK;DL :=DC9e\
Y$6+* +'( 7**$6+* (#06%D
ODL K<CA<>LD<C8 =9AJ99> ICHE8BFBL<E:F:>K I8HC<E:F K9I9>K9>E9\
OD< K9CE;<=9 A89 C8B;ATA9;@ :>K FB>LTA9;@ EB>C9OD9>E9C BG :FEB8BFEB>CD@IA<B> B> A89 >9;MBDCCHCA9@ :>K A89 F<M9;\
-8B;ATA9;@ T G:AAH F<M9;. 89I:A<A<C\ FB>LTA9;@ T E<;;8BC<C. E:>E9;. <@I:<;9K >9;MBDCA;:>C@<CC<B>. K9@H9F<>:A<B>. K98HK;:A<B>BG A89 =;:<> E9FFC6
ODO K<CEDCC A89 CBE<:F EB>C9OD9>E9C BG9?E9CC<M9 :FEB8BF DC9\
1;<>Q<>L :>K K;<M<>L. :LL;9CC<M9=98:M<BD;. <>A;:TG:@<FH M<BF9>E9. G:@<FH=;9:QKBJ> :>K I9AAH E;<@9\ #>EFDK9 :K9G<><A<B> BG f: D><A BG :FEB8BF]\ 1:<FH2FEB8BF *<@<AC W12*X a C:G9 F<@<AC WA8:A <C.=FBBK :>K =;9:A8 F<@<ACXGB; K;<M<>L6
ODA K9CE;<=9 A89 9GG9EAC BG A89EB@IB>9>AC BG E<L:;9AA9 C@BQ9 B>A89 ;9CI<;:AB;H :>KE:;K<BM:CEDF:; CHCA9@C6
0:CC<M9 C@BQ<>L\ 9GG9EAC BG ><EBA<>9. A:;:>K E:;=B> @B>B?<K9 B> E<F<:. B?HL9>DIA:Q9. @DEDC C9E;9A<B>\ K9M9FBI@9>A BG8HI9;IF:C<:. 9@I8HC9@:. E8;B><E=;B>E8<A<C. E:>E9;C <>EFDK<>L FD>L E:>E9;\M:CBEB>CA;<EA<B>. <>E;9:C9 <> >D@=9; BG9;HA8;BEHA9C. <>E;9:C9 <> =FBBK M<CEBC<AH.GB;@:A<B> BG =FBBK EFBAC6
CXC A10/U2/07 39
$+.2 @
!"#$%& A( *55%.)*2."+4 "6 -."%"/0 89:;<=>?
:A((&/6&' L&)5.0"( )"' M&)-"0"( D560N060&/
$B G:E<F<A:A9 CADK9>AC] :AA:<>@9>A BG A89 B=Y9EA<M9C BG A8<C )BKDF9. A9:E89;C :;9 :KM<C9K AB 9>L:L9CADK9>AC <> A89 A9:E8<>L :>K F9:;><>L :EA<M<A<9C F<CA9K =9FBJD
ND 8')"0#+6$ %,0($',% ," #$+( +'( 0%$ )0##$', 7'b"#:+,7"' 7' ,-7% &+#,7)0*+# +#$+? %7')$ 7, 7%)"'%,+',*. )-+'67'6D
LD _7%7, )$',#$% "b $9)$**$')$? %0)- +% + b7$*( %,+,7"'? -"%&7,+* "# #$%$+#)- 7'%,7,0,$ b#": ;-7)-%,0($',% )+' 6+7' &#+),7)+* $9&$#7$')$ 7' ,-$%$ +#$+%D
<D _7$; (")0:$',+#7$% ;-7)- ($+* ;7,- ,-$%$ 7%%0$%D
OD E'a7,$ #$%"0#)$ &$#%"''$*D
AD T#"0& &#$%$',+,7"'%D
,&4"$,)&
B"'$%? VD? P"%/$#.? 5D +'(2+.*"#? ZD
'<BFBLH %. !+:/#7(6$1 !+:/#7(6$ \'7a$#%7,. 3#$%%?LMMMD
CXC A10/U2/07 40
! 0A/2'13 0B .55355431/
8<L8RQDM D::8::H8QL1YZ[2
A30*1 M%W% 8BD; VS@<>DA9CX
NB;AHTG<M9 @DFA<IF9TE8B<E9 <A9@C. %R G;B@ 9:E8)BKDF96 +:E8 <A9@ <C JB;A8 % @:;Q6
`Sg
A30*1 M6W4 8BD;C VS@<>DA9CX
-9EA<B> 2 T $8;99 EB@IDFCB;H CA;DEAD;9KOD9CA<B>C. B>9 G;B@ 9:E8 )BKDF96 +:E8 OD9CA<B><C JB;A8 %R @:;QC6
-9EA<B> ' a $8;99 EB@IDFCB;H 9CC:H OD9CA<B>C B>9G;B@ 9:E8 )BKDF96 +:E8 OD9CA<B> <C JB;A8 %R@:;QC6
`Sg
\QL8RQDM D::8::H8QL 1FZ[2
2-$ 7',$#'+* +%%$%%:$', ;7** )"'%7%, "b %$*$),$( &#+),7)+* *+/"#+,"#. $9$#)7%$%D
HU>8RDL\UQUI \QL8RQDM D::8::H8QL
2> #>A9;>:F 2CC9CC@9>A /9EB;K -899A J<FF =9 C9>A 9:E8 H9:; AB CE8BBFC CD=@<AA<>L CADK9>AC GB;A89 9?:@<>:A<B>6
2FF #>A9;>:F 2CC9CC@9>A /9EB;K -899AC :>K C:@IF9 BG :CC<L>@9>AC @DCA =9 CD=@<AA9K AB ;9:E8,h, =H ):H V% BG A89 H9:; BG A89 9?:@<>:A<B>6 2 C:@IF9 BG :CC<L>@9>AC J<FF =9 ;9OD9CA9K =H,h, GB; @BK9;:A<B> ID;IBC9C6
$89C9 :CC<L>@9>AC J<FF =9 ;9T:CC9CC9K =H ,h, +?:@<>9;C J8B @BK9;:A9 A89 #>A9;>:F2CC9CC@9>A6 $9:E89;C] @:;QC @:H =9 :KYDCA9K :C : ;9CDFA BG @BK9;:A<B>6 $89 +?:@<>9;C]EB@@9>AC J<FF =9 C9>A AB CE8BBFC6
,BI<9C BG A89 CADK9>AC] :CC<L>@9>A A8:A :;9 >BA CD=@<AA9K @DCA =9 ;9A:<>9K =H A89 CE8BBF D>A<FA8;99@B>A8C :GA9; ID=F<E:A<B> =H ,h, BG A89 9?:@<>:A<B> ;9CDFAC6
D::8::H8QL>8LD\M:
8+)- \'7, "b ,-$ %.**+/0% 7% +%%$%%$( +% "0,*7'$( /$*";D
896&-")% D//&//+&"6 @?S-066&" =),&-/ 1YZ[ #4 L#6)% D//&//+&"62
ND 2-$#$ ;7** /$ + )":/7'$( d0$%,7"' &+&$# +'( +'%;$# /""c*$, b"# 3+&$# MN? +'( b"# U$),7"' >"b 3+&$# MLD > %$&+#+,$ +'%;$# /""c*$, ;7** /$ &#"a7($( b"# U$),7"' W "b 3+&$# MLD
LD UDED \'7,% ;7** /$ 0%$( "' +** $9+:7'+,7"' &+&$#%D
<D 2-$ 0%$ "b %7*$', '"'4&#"6#+::+/*$ )+*)0*+,"#% ;7** /$ +**";$( 7' ,-$ $9+:7'+,7"'D!+'(7(+,$% +#$ #$%&"'%7/*$ b"# &#"a7(7'6 ,-$7# ";' )+*)0*+,"#%D
CXC A10/U2/07 41
=),&- ZC 1C .#A- GZ+0"A6&/ ] JZ[ #4 L#6)% D//&//+&"62
ND *#+,#/060#" #4 6.& =),&-
$8<C I:I9; J<FF EB>C<CA BG GB;AHTG<M9 @DFA<IF9TE8B<E9 <A9@C. G<GA99> G;B@ 9:E8 )BKDF96 2FFOD9CA<B>C :;9 EB@IDFCB;H :>K Q>BJF9KL9 BG A89 9>A<;9 !><A <C 9?I9EA9K6 $89 I:I9; J<FF:CC9CC A89 E:>K<K:A9]C Q>BJF9KL9 :E;BCC A89 =;9:KA8 BG A89 !><AD
$89 OD9CA<B> J<FF A9CA ^, :>K !^ CQ<FFC6
LD H)-; D%%#5)60#"
$89 I:I9; J<FF =9 JB;A8 `R@:;QC. J<A8 9:E8 OD9CA<B> =9<>L :FFBE:A9K % @:;Q6
<D ^A&/60#" L?,&
iD9CA<B>C @:H =9 I;9C9>A9K DC<>L K<:L;:@C. K:A:. L;:I8C. I;BC9 B; BA89; CA<@DFDC@:A9;<:F6
=),&- ZF 1F .#A-/ GZ+0"A6&/ W JZ[ #4 L#6)% D//&//+&"62
ND *#+,#/060#" #4 =),&-
2-7% &+&$# ;7** )"'%7%, "b ,;" %$),7"'%D
iD9CA<B>C B> A8<C I:I9; A9CA :FF A8;99 CQ<FFC ^,. !^ :>K h-D
U$),7"' > ;7** )"'%7%, "b ,-#$$ )":&0*%"#. %,#0),0#$( d0$%,7"'%? "'$ d0$%,7"' b#": $+)-V"(0*$D
-9EA<B> ' J<FF EB>C<CA BG A8;99 EB@IDFCB;H 9CC:H OD9CA<B>C. B>9 G;B@ 9:E8 )BKDF96^>BJF9KL9 BG A89 9>A<;9 !><A <C 9?I9EA9KD
LD H)-; D%%#5)60#"
2-$ &+&$# ;7** /$ ;"#,- KM:+#c%D
U$),7"' > 4 $+)- d0$%,7"' 4 %R @:;QCU$),7"' W 4 $+)- $%%+. 4 %R @:;QC
2",+* :+#c% "b U$),7"' > 4 `R@:;QC2",+* :+#c% "b U$),7"' W 4 `R@:;QC
<D ^A&/60#" L?,&
[0$%,7"'% 7' U$),7"' > ;7** /$ &#$%$',$( 7' + %,#0),0#$( b"#:D 2-$ d0$%,7"'% ;7** ,$%, @!+'( \@ %c7**%D >'%;$#% +#$ ," /$ ;#7,,$' 7' + %$&+#+,$ +'%;$# /""c*$,D
[0$%,7"'% 7' U$),7"' W ;7** /$ $%%+.%D 2-$ :+#c +**")+,7"' b"# $+)- %$),7"' ;7** /$ 7')*0($(D>'%;$#% b"# ,-7% %$),7"' +#$ ," /$ ;#7,,$' 7' + %$&+#+,$ +'%;$# /""c*$,D 2-$ d0$%,7"'% ;7**,$%, @!? \@ +'( `U %c7**%D
CXC A10/U2/07 42
\"6&-")% D//&//+&"6 1FZ[2
E',$#'+* >%%$%%:$', 7% +' 7',$6#+* &+#, "b %,0($', +%%$%%:$', 7' ,-$ )"0#%$ )"a$#$( /. ,-7%%.**+/0%D E, 7% 7',$'($( ," +%%7%, %,0($',% 7' +)d07#7'6 )$#,+7' c'";*$(6$? %c7**% +'( +,,7,0($%,-+, +#$ +%%")7+,$( ;7,- ,-$ %0/e$),D
Z0#7'6 ,-$ )"0#%$ "b %,0(. b"# ,-$ %0/e$),? %,0($',% "/,+7' :+#c% b"# ,-$ )":&$,$')$ ,-$.($a$*"& +'( ($:"'%,#+,$ 7' 0'($#,+c7'6 ,-$7# E',$#'+* >%%$%%:$', +%%76':$',%D 2-$%$ :+#c%)"',#7/0,$ ," ,-$ b7'+* :+#c% +'( 6#+($% ,-+, +#$ +;+#($( ," %,0($',% b"# ,-$7# &$#b"#:+')$ 7',-$ $9+:7'+,7"'D
E',$#'+* >%%$%%:$', &#"a7($% +' "&&"#,0'7,. ," 7'(7a7(0+*7%$ + &+#, "b ,-$ )0##7)0*0: ," :$$, ,-$'$$(% "b %,0($',%D E, b+)7*7,+,$% b$$(/+)c ," ,-$ %,0($', +, a+#7"0% %,+6$% "b ,-$ $9&$#7$')$D 2-7%-$*&% ," /07*( ,-$ %$*b4)"'b7($')$ "b %,0($',% +% ,-$. &#")$$( ;7,- ,-$7# %,0(7$%D E',$#'+*>%%$%%:$', +*%" b+)7*7,+,$% ,-$ ($a$*"&:$', "b ,-$ )#7,7)+* %c7**% +'( +/7*7,7$% $:&-+%7%$( /. ,-7%!>38 %0/e$), +'( $'-+')$% ,-$ a+*7(7,. "b ,-$ $9+:7'+,7"' "' ;-7)- )+'(7(+,$ &$#b"#:+')$ 7%#$&"#,$(D E',$#'+* >%%$%%:$',? ,-$#$b"#$? :+c$% + %76'7b7)+', +'( 0'7d0$ )"',#7/0,7"' ," /",- ,-$($a$*"&:$', "b #$*$a+', %c7**% +'( ,-$ ,$%,7'6 +'( #$;+#(7'6 "b %,0($',% b"# ,-$ ($a$*"&:$', "b,-"%$ %c7**%D
2-$ !+#7//$+' 89+:7'+,7"'% !"0')7* %$$c% ," $'%0#$ ,-+, ,-$ E',$#'+* >%%$%%:$', %)"#$% ,-+,)"',#7/0,$ ," ,-$ "a$#+** %)"#$% "b )+'(7(+,$% +#$ a+*7( +'( #$*7+/*$ $%,7:+,$% "b +))":&*7%-:$',D2-$ 607($*7'$% &#"a7($( 7' ,-7% %.**+/0% +#$ 7',$'($( ," +%%7%, 7' ("7'6 %"D
D$)-' #4H)-;/
2-$ b"**";7'6 +#$ ,-$ %c7**% ,-+, ;7** /$ +%%$%%$(1
+D >'+*.%7% +'( E',$#&#$,+,7"'/D V+'7&0*+,7"' +'(V$+%0#$:$',)D X/%$#a+,7"'? 5$)"#(7'6 +'( 5$&"#,7'6(D 3*+''7'6 +'( Z$%76'7'6$D Z#+;7'6
E' $+)- \'7,? + ,",+* "b NL:+#c% +#$ ," /$ +**")+,$( b"# $+)- %c7** +% 7'(7)+,$( 7' ,-$ 2+/*$ /$*";D
L)@%&\"6&-")% D//&//+&"6 :;0%%/
:;0%% 3"06 C 3"06 F_X/%$#a+,7"'? 5$)"#(7'6 +'( 5$&"#,7'6 NL :+#c% NL :+#c%V+'7&0*+,7"' +'(V$+%0#$:$', NL :+#c% 4>'+*.%7% +'( E',$#&#$,+,7"' NL :+#c% NL :+#c%3*+''7'6 +'( Z$%76'7'6 4 NL :+#c%Z#+;7'6 NL :+#c% NL :+#c%
LULDM JY +)-;/ JY+)-;/
_I0N& #4 6.& CF +)-;/ 4#- U@/&-N)60#"T R&5#-'0"( )"' R&,#-60"( 1URR2 )-& 6# @& )$)-'&' 4#-5#++A"05)60"( 0"4#-+)60#" 0" ) %#(05)% $)? A/0"( 5#--&56 (-)++)- )/ '&/5-0@&' 0" 6.&'&40"060#" #4 6.& U@/&-N)60#"T R&5#-'0"( )"' R&,#-60"( /;0%% #" ,)(&/ G )"' JB L&)5.&-/ )-&-&`A0-&' 6# ,-#N0'& 5-06&-0) $.05. 5%&)-%? 0"'05)6& .#$ 6.&? )$)-'+)-;/D
CXC A10/U2/07 43
8+)- V"(0*$ ;7** )+##. +:+97:0: "b NI:+#c%D
8+)- )+'(7(+,$h% ,",+* E',$#'+* >%%$%%:$', :+#c b"# +'. \'7, %-"0*( /$ (7a7($( 7' ,-#$$ +'(+**")+,$( ," $+)- V"(0*$ $d0+**.D
P#+),7"'+* :+#c% %-"0*( '", /$ +;+#($(D C-$#$a$# ,-$ \'7, :+#c 7% '", (7a7%7/*$ /. ,-#$$? ,-$'
G+J ;-$' ,-$ #$:+7'($# 7% N :+#c? 7, %-"0*( /$ +**")+,$( ," V"(0*$ NG/J ;-$' ,-$ #$:+7'($# 7% L? "'$ "b ,-$ :+#c% %-"0*( /$ +**")+,$( ," V"(0*$ L +'( ,-$ ",-$#
:+#c ," V"(0*$ <D
>&&#"+,$ &#+),7)+* $9$#)7%$% b"# +%%$%%7'6 +'. %c7** :+. /$ %$*$),$( b#": +'. V"(0*$ 7' ,-$#$*$a+', \'7,D U&$)7b7) X/e$),7a$% 7($',7b7$( /. %7'6*$ 0'($#*7'7'6 +#$ %07,+/*$ b"# &#+),7)+*$9&*"#+,7"'D
:,&50405 aA0'&%0"&/ 4#- L&)5.&-/
ND 8+)- )+'(7(+,$ 7% #$d07#$( ," c$$& + *+/"#+,"#. ;"#c/""c ;-7)- 7% ," /$ :+#c$( /. ,-$,$+)-$#D 2$+)-$#% +#$ +*%" $9&$),$( ," +%%$%% )+'(7(+,$% +% ,-$. &$#b"#: &#+),7)+* $9$#)7%$%7' ;-7)- V+'7&0*+,7"' +'(V$+%0#$:$', %c7**% +#$ #$d07#$(D
LD > :+97:0: "b 2CX %c7**% :+. /$ +%%$%%$( /. +'. "'$ $9&$#7:$',D
<D 2-$ :+#c +;+#($( b"# $+)- %c7** +%%$%%$( /. &#+),7)+* $9$#)7%$% %-"0*( /$ ,-$ +a$#+6$ "b +,Y8>U2 2CX %$&+#+,$ +%%$%%:$',%D 2-$ :+97:0: :+#c b"# +'. %c7** ;7** /$ NLD E' $+)-\'7,? ,",+* :+#c% +;+#($( +, ,-$ $'( "b $+)- V"(0*$ ;7** /$ M ," NID
OD U&$)7b7) X/e$),7a$% *$'(7'6 ,-$:%$*a$% ," &#+),7)+* ;"#c +#$ -76-*76-,$( /. %7'6*$0'($#*7'7'6D ]";$a$# ,$+)-$#% '$$( '", )"'b7'$ ,-$7# &#+),7)+* $9$#)7%$% ," ,-$%$"/e$),7a$%D
\QL8RQDMD::8::H8QL ] a8Q8RDMa3\>8M\Q8: IUR L8D*X8R:
ND P"# $+)- \'7, :+#c% :0%, /$ %0/:7,,$( ," !`! "' ,-$ E',$#'+* >%%$%%:$', b"#:%&#"a7($(D 2-$ b"#:% %-"0*( /$ ($%&+,)-$( ,-#"06- ,-$ Y")+* 5$67%,#+# b"# %0/:7%%7"' ,"!`! /.V+. <N "b ,-$ ^$+# "b ,-$ $9+:7'+,7"'D
LD 2-$ E',$#'+* >%%$%%:$', P"#:% b"# $+)- \'7, %-"0*( /$ )":&*$,$( 7' (0&*7)+,$D 2-$"#767'+* %-"0*( /$ %0/:7,,$( ," !`! +'( ,-$ )"&. #$,+7'$( /. ,-$ %)-""*D
<D !`! ;7** #$d07#$ + %+:&*$ "b ,-$ *+/"#+,"#. /""c% b"# $9,$#'+* :"($#+,7"'D >((7,7"'+**+/"#+,"#. /""c% :+. /$ #$d07#$(D 2-$%$ *+/"#+,"#. /""c% :0%, /$ #$,+7'$( /. ,-$ %)-""*b"# +, *$+%, < :"',-% +b,$# &0/*7)+,7"' "b $9+:7'+,7"' #$%0*,%D
OD !+'(7(+,$% ;-" (" '", b0*b7* ,-$ #$d07#$:$',% b"# ,-$ E',$#'+* >%%$%%:$', ;7** /$)"'%7($#$( +/%$', b#": ,-$ ;-"*$ $9+:7'+,7"'D
CXC A10/U2/07 44
AD 2$+)-$#% +#$ +%c$( ," '",$ ,-$ b"**";7'61
G7J )+'(7(+,$%h *+/"#+,"#. /""c% %-"0*( )"',+7' +** &#+),7)+* ;"#c 0'($#,+c$' (0#7'6,-$ )"0#%$ "b %,0(.D 2-"%$ $9$#)7%$% ;-7)- +#$ %$*$),$( b"# 0%$ b"# ,-$ E',$#'+*>%%$%%:$', %-"0*( /$ )*$+#*. 7($',7b7$(D 2-$ %c7**G%J ,$%,$( 7' ,-$%$ %$*$),$(&#+),7)+* $9$#)7%$%? ,-$:+#c% +%%76'$( +'( ,-$ %)+*$ 0%$(:0%, /$ &*+)$( '$9, ," ,-$#$*$a+', $9$#)7%$%f
G77J ,$+)-$#%h )#7,$#7+ +'( /#$+c(";' "b :+#c% b"# +%%$%%7'6 + %c7** :0%, /$ )*$+#*. %,+,$(+'( %0/:7,,$( ;7,- ,-$ *+/"#+,"#. /""c%f
G777J ,-$ %,+'(+#( "b :+#c7'6 %-"0*( /$ )"'%7%,$',f
G7aJ ,-$ #$*+,7"'%-7& /$,;$$' ,-$ :+#c% 7' ,-$ *+/"#+,"#. /""c% +'( ,-"%$ %0/:7,,$( ,"!`! "' ,-$ E',$#'+* >%%$%%:$', P"#: %-"0*( /$ )*$+#*. %-";'D
! -3JA2./'015 B0- >-'H./3 !.1='=./35
ND !+'(7(+,$% ;-" +#$ #$67%,$#$( a+,$*. ;7** /$ #$d07#$( ," %7, 3+&$#% MN? ML +'( M<WDZ$,+7*$( 7'b"#:+,7"' "' 3+&$#% MN +'( ML 7% 67a$' "' &+6$ <H "b ,-7% %.**+/0%D
LD =),&- ZGE 1D%6&-")6& 6# \"6&-")% D//&//+&"62 W FZ[
2-7% &+&$# ;7** /$ "b L -"0#% (0#+,7"' +'( ;7** )"'%7%, "b 2]588 d0$%,7"'% +% b"**";%1
G7J + &#+),7)+* /+%$( d0$%,7"' ," /$ $9$)0,$( /. ,-$ )+'(7(+,$fG77J + d0$%,7"' /+%$( "' (+,+ +'+*.%7%fG777J + &*+''7'6 +'( ($%76' $9$#)7%$D
2-7% &+&$# ;7** )"'%,7,0,$ LMk "b ,-$ "a$#+** +%%$%%:$', "b ,-$ )+'(7(+,$%h &$#b"#:+')$ "' ,-$\'7,D
! -3JA2./'015 B0- -35'/ !.1='=./35
!+'(7(+,$%? ;-" -+a$ $+#'$( + :"($#+,$( %)"#$ "b +, *$+%, AMk "b ,-$ ,",+* :+#c% b"# ,-$E',$#'+* >%%$%%:$', )":&"'$',? :+. $*$), '", ," #$&$+, ,-7% )":&"'$',? &#"a7($( ,-$. #$4;#7,$,-$ $9+:7'+,7"' '" *+,$# ,-+' 2CX .$+#% b"**";7'6 ,-$7# b7#%, +,,$:&,D 2-$%$ #$%7, )+'(7(+,$%:0%, )":&*$,$ 3+&$#% MN +'( ML "b ,-$ $9+:7'+,7"' b"# ,-$ .$+# 7' ;-7)- ,-$. #$67%,$#D
5$%7, )+'(7(+,$% :0%, /$ $',$#$( ,-#"06- + %)-""* "# ",-$# +&&#"a$( $(0)+,7"'+* 7'%,7,0,7"'D
!+'(7(+,$% ;-" -+a$ "/,+7'$( *$%% ,-+' AMk "b ,-$ :+#c% b"# ,-$ E',$#'+* >%%$%%:$',)":&"'$', :0%, #$&$+, ,-$ )":&"'$', +, +'. %0/%$d0$', %7,,7'6 "# ;#7,$ 3+&$# M<WD
CXC A10/U2/07 45
! .55355431/J-'=
2-$ >%%$%%:$', T#7( b"# $+)- \'7, )"',+7'% :+#c% +%%76'$( ," &+&$#% +'( ," V"(0*$% +'(&$#)$',+6$ )"',#7/0,7"' "b $+)- &+&$# ," ,",+* %)"#$%D
A30*1- L'2,)* % L'2,)* 6 L'2,)* N :'$3) OPQ
DF$*1"3) 9--*--(*"$
A30*1 M%W% 8BD; VS@<>DA9CX)DFA<IF9 ,8B<E9
%RVS
WJ9<L8A9KX
%RVS
WJ9<L8A9KX
%RVS
WJ9<L8A9KX
`RjS
WJ9<L8A9KX
W`SX
A30*1 M6W4 8BD;C VS@<>DA9CX-9EA<B> 2 T -A;DEAD;9KOD9CA<B>C-9EA<B> ' T +CC:H OD9CA<B>C
%R%R
%R%R
%R%R
`R`R
W`SX
B"$*1"3) 9--*--(*"$0:I9;C SV2 B; SV' %7 %7 %7 `k W4SX
:R:9S TU TU TU 66V O%MMQ
CXC A10/U2/07 46
D==8Q>\< C
! -350A-!35
2-$ b"**";7'6 7% + *7%, "b /""c% +'( ",-$# ',$( :+,$#7+* ,-+, :76-, /$ 0%$( b"# !>38 W7"*"6.D2-$ *7%, 7% /. '" :$+'% $9-+0%,7a$D 8+)- %,0($', %-"0*( -+a$ +))$%% ," +, *$+%, "'$ ,$9,D
L&96/
!*$66? !DBD +'( V+)c$+'? ZDBD 2KM:>E9K '<BFBLH a 0;<>E<IF9C :>K 2IIF<E:A<B>C? Y"'("'1B"-' V0##+.? LMMMD
:A,,%&+&"6)-? L&96/ )"' L&)5.&-/b aA0'&
>'"' 0;9F<@<>:;H '<BFBLH -ADKH UD<K9? \'7a$#%7,. "b ,-$ C$%,E'(7$%? W+#/+("%1 Z7%,+')$ 8(0)+,7"' !$',#$? NKK=D
W#+(b7$*(? 3D? Z"((%? BD? Z"((%?$, +*D
2- l 24 *9M9F '<BFBLH. 8%%$91 09:;CB> +KDE:A<B>:F. 4SS46
!+("6+'? >D +'( W$%,? TD +>M<;B>@9>A :>K +EBFBLH& '<BFBLH 2KM:>E9K -ADK<9C?T*+%6"; +'( Y"'("'1 F$*%"' W*+)c7$? NKKLD
!-+&:+'? BD YD +'( 5$7%%? VD +EBFBLH? !+:/#7(6$1 !+:/#7(6$ \'7a$#%7,. 3#$%%? NKKLD
]09*$.? >D U;99> #>89;<A:>E9? Y"'("'1 T+7+ W""c%? NKKLD
P"%/$#.? 5D? B"'$%? VD +'(2+.*"#? ZD
2KM:>E9K '<BFBLH. 3BFD@9 % :>K 4. ,:@=;<KL9&,:@=;<KL9 !><M9;C<AH 0;9CC. 4SS4D
B"'$%? VD? P"%/$#.? 5D $, +* 2- *9M9F :>K 2 *9M9F '<BFBLH. !+:/#7(6$1 !+:/#7(6$\'7a$#%7,. 3#$%%? LMM<D
@$',? VD 2KM:>E9K '<BFBLH. X9b"#(1 X9b"#( 3#$%%? LMMMD
V+#60*7%? YD +'( U)-;+#,Q? @D N<M9 ^<>LKB@C? F$; ^"#c1 CD]D P#$$:+' +'( !"D? NKKHD
X(*0:? 8D3D +EBFBLH1 > ';<KL9 '9AJ99> -E<9>E9 :>K -BE<9AH?U0'($#*+'(? \U>1 U7'+0$# >%%")7+,$%? NKK=D
2""*$? TD +'( 2""*$? UD "9J !>K9;CA:>K<>L BG '<BFBLH GB; 2KM:>E9K *9M9F.!-$*,$'-+:1 U,+'*$. 2-"#'$% 30/D Y,(D? NKK=D
CXC A10/U2/07 47
R&4&-&"5& E##;/ 4#- I0&%' :6A'?
=%)"6 \'&"60405)60#"
W+#*";? _D $89 ":AD;9 BG A89 #CF:>KC? P*"#7(+? Z0'$(7'1 !#07%7'6 T07($30/*7)+,7"'%? NKKHD
P"0#'$,? BD +'( ]+::$#,"'? BD P99KC BG A89 *9CC9; 2>A<FF9C +'( "# V+0a+7%$% -$#/% ($%&$,7,$% +',7**$%? EF5>? 3+#7%g!>5ZE? NKKOD
F$**7%? ZD -9:C8B;9 0F:>AC BG -BDA8 NFB;<K: :>K A89 ,:;<==9:>?U+#+%",+1 37'$+&&*$ 3#$%%? NKKOD
C-7,,+c$#? VD )9K<E<>:F 0F:>AC BG -A6 ^<AAC :>K "9M<C 0:;A %? W+%%$,$##$? U,D@7,,%1 !"**$6$ "b P0#,-$# 8(0)+,7"'? NKKLD
D"0+)% \'&"60405)60#"
5+bb+$*$? ]D $, +* 2 UD<K9 AB '<;KC BG A89 P9CA #>K<9C? F$; B$#%$.1 3#7')$,"'\'7a$#%7,. 3#$%%? LMM<D
U,7#*7'6? 3D 'DAA9;GF<9C :>K (A89; #>C9EAC BG A89 +:CA9;> ,:;<==9:>?Y"'("'1 V+):7**+' !+#7//$+'? NKHID
U,"c$%? PD 1<M9;C :>K ->B;QF9F9;mC UD<K9 AB A89 N<C89C :>K A89 -9:*<G9 BG A89 ,:;<==9:>. NFB;<K:. ':8:@:C :>K '9;@DK:?3-7*+($*&-7+1 >)+($:. "b F+,0#+* U)7$')$% "b3-7*+($*&-7+? NKHOD
U0*,#.? YD -9:C89FF $;9:CD;9C BG A89 ,:;<==9:>? Y"'("'1 V+):7**+'!+#7//$+'? NKHID
U0,,.? YD N:D>: BG A89 ,:;<==9:> T *:CA -D;M<MB;C? Y"'("'1V+):7**+' 3#$%%? NKK<D
CXC A10/U2/07 48
D==8Q>\< F
! J2055.-D
!8c LU DEER8P\DL\UQ:
@! 4 @'";*$(6$ +'( !":&#$-$'%7"'\@ 4 \%$ "b @'";*$(6$`U 4 89&$#7:$',+* Uc7**%
SUR> >8I\Q\L\UQ QUL8:
9"3)8-* +?:@<>9 <> K9A:<F \@
D""#6)6& >(( + /#7$b '",$ ," + *+/$* U7:&*$ &-#+%$ "# + b$; ;"#(% "'*.
D,,%? \%$ c'";*$(6$ +'( "# ')7&*$% ,"%"*a$ &#"/*$:%
V+c$ #$b$#$')$%g)"')*0%7"'%f \@
D//&// 3#$%$', #$+%"'% b"# ,-$ 7:&"#,+')$"b &+#,7)0*+# %,#0),0#$%?#$*+,7"'%-7&% "# &#")$%%$%
!":&+#$ ,-$ +(a+',+6$% +'((7%+(a+',+6$% "# ,-$ :$#7,% +'(($:$#7,% "b + &+#,7)0*+# %,#0),0#$?#$*+,7"'%-7& "# &#")$%%f \@
*)%5A%)6& >##7a$ +, ,-$ %"*0,7"' ," + '0:$#7)+*&#"/*$:
U,$&% %-"0*( /$ %-";'f 0'7,% :0%,/$ 7')*0($(
*06& 3#"a7($ + d0",+,7"' "# + #$b$#$')$ ,",-$ %0/e$),
@!
*%)//04? Z7a7($ 7'," 6#"0&% +))"#(7'6 ,""/%$#a+/*$ )-+#+),$#7%,7)%
\@
*#++&"6 U,+,$ "&7'7"' "# a7$; ;7,-%0&&"#,7'6 #$+%"'%
\@
*#+,)-& U,+,$ %7:7*+#7,7$% +'( (7bb$#$')$% >' $9+:&*$ "b + %76'7b7)+')$ "b $+)-%7:7*+#7,. +'( ,-$ (7bb$#$')$ %,+,$(:+. /$ #$d07#$( b"# )":&+#7%"'%;-7)- +#$ ",-$# ,-+' %,#0),0#+*
*#"/6-A56 \%$ + %&$)7b7) b"#:+, ," :+c$ +'( "#(#+; + 6#+&-? -7%,"6#+:? &7$ )-+#,"# ",-$# #$&#$%$',+,7"'% 0%7'6 (+,+"# :+,$#7+* &#"a7($( "# (#+;' b#":&#+),7)+* 7'a$%,76+,7"'%f /07*( Gb"#$9+:&*$? + :"($*J? (#+; %)+*$(7+6#+:
U0)- #$&#$%$',+,7"'% %-"0*('"#:+**. /$+# + ,7,*$? +&&#"+,$-$+(7'6% +'( *$6$'(f \@
CXC A10/U2/07 49
SUR> >8I\Q\L\UQ QUL8:
>&'A5& V+c$ + *"67)+* )"''$),7"' /$,;$$',;" "# :"#$ &7$)$% "b 7'b"#:+,7"'f0%$ (+,+ ," +##7a$ +, + )"')*0%7"'
\@
>&40"& U,+,$ )"')7%$*. ,-$ :$+'7'6 "b +;"#( "# ,$#:
2-7% %-"0*( 7')*0($ ,-$ ($b7'7'6$d0+,7"' +'( "# b"#:0*+ ;-$#$#$*$a+',f \@
>&+#"/6-)6& U-";f (7#$), +,,$',7"' ," l @!
>&/5-0@& 3#"a7($ ($,+7*$( b+),0+* 7'b"#:+,7"'"b ,-$ +&&$+#+')$ "# +##+'6$:$', "b+ %&$)7b7) %,#0),0#$ "# %$d0$')$ "b +%&$)7b7) &#")$%%
Z$%)#7&,7"' :+. /$ ;"#(%? (#+;7'6%"# (7+6#+:% "# +' +&&#"+,$)":/7'+,7"'D Z#+;7'6% "# (7+6#+:%%-"0*( /$ +''",+,$( ," %-";+&&#"+,$ ($,+7* ;-$#$ '$)$%%+#.f@!
>&/0(" E')*0($ &*+''7'6 +'( &#$%$',+,7"';7,- +&&#"+,$ &#+),7)+* ($,+7*
\@
>&6&-+0"& P7'( ,-$ a+*0$ &#$%$', ;7,-+&&#"+,$ &#+),7)+* ($,+7*
C-$#$ -.&",-$%$% +#$ %,+,$( "#;-$' ,$%,% +#$ ," /$ )"'(0),$(?&"%%7/*$ "0,)":$% %-"0*( /$ )*$+#*.%-";' +'(g"# ,-$ ;+. 7' ;-7)- (+,+;7** /$ +'+*.Q$( +'( &#$%$',$(f `U
>&N&%#, 89&+'( "# $*+/"#+,$ +' 7($+ "#+#60:$', ;7,- %0&&"#,7'6 #$+%"'%
@!g\@
>0)(-)+ U7:&*7b7$( #$&#$%$',+,7"' %-";7'6,-$ #$*+,7"'%-7& /$,;$$')":&"'$',%
@!g\@
>044&-&"60)6&#->0/60"(A0/.
U,+,$ "# $9&*+7' /#7$b*. ,-"%$(7bb$#$')$% /$,;$$' "# +:"'6 7,$:%;-7)- )+' /$ 0%$( ," ($b7'$ ,-$7,$:% "# &*+)$ ,-$: 7'," %$&+#+,$)+,$6"#7$%
@!
>0/5A// 3#$%$', #$+%"'$( +#60:$',f)"'%7($# &"7',% /",- b"# +'(+6+7'%,f $9&*+7' ,-$ #$*+,7a$ :$#7,%"b + )+%$
\@
>-)$ V+c$ + *7'$ #$&#$%$',+,7"' b#":%&$)7:$'% "# +&&+#+,0% ;-7)-%-";% +' +))0#+,$ #$*+,7"' /$,;$$',-$ &+#,%
E' )+%$ "b (#+;7'6% b#": ,-$%&$)7:$'%? ,-$ :+6'7b7)+,7"' :0%,+*;+.% /$ %,+,$(f @!g\@
8/60+)6& V+c$ +' +&&#"97:+,$ d0+',7,+,7a$e0(6$:$',
CXC A10/U2/07 50
SUR> >8I\Q\L\UQ QUL8:
8N)%A)6& C$76- $a7($')$ +'( :+c$e0(6$:$',% /+%$( "' 67a$' )#7,$#7+
2-$ 0%$ "b *"67)+* %0&&"#,7'6#$+%"'% b"# + &+#,7)0*+# &"7', 7%:"#$ 7:&"#,+', ,-+' a7$; -$*(f0%0+**. /",- %7($% "b +' +#60:$',%-"0*( /$ )"'%7($#$( f\@
89,%)0" T7a$ #$+%"'% /+%$( "' #$)+**f+))"0', b"#
@!
I0"' Y")+,$ + b$+,0#$ "# "/,+7' +% b#": +6#+&-
\@
I#-+A%)6& Z$a7%$ -.&",-$%$% \@
\'&"604? F+:$ %&$)7b7) )":&"'$',% "#b$+,0#$%
@!
\%%A/6-)6& Z$:"'%,#+,$ )*$+#*. 0%7'6+&&#"+,$ $9+:&*$% "# (7+6#+:%
@!
\"6&-,-&6 89&*+7' ,-$ :$+'7'6 "b \@
M)@&% >(( '+:$% ," 7($',7b. %,#0),0#$% "#&+#,% 7'(7)+,$( /. &"7',$#%
M0/6 E,$:7Q$ ;7,-"0, ($,+7* @!
H&)/A-& 2+c$ +))0#+,$ d0+',7,+,7a$ #$+(7'6%0%7'6 +&&#"+,$ 7'%,#0:$',%
`U
Q)+& T7a$ "'*. ,-$ '+:$ "b F" +((7,7"'+* 7'b"#:+,7"' 7%#$d07#$(f @!
Q#6& 5$)"#( "/%$#a+,7"' `U
U@/&-N& 3+. +,,$',7"' ," ($,+7*% ;-7)-)-+#+),$#7Q$ + %&$)7:$'? #$+),7"' "#)-+'6$ ,+c7'6 &*+)$f ," $9+:7'$ +'('",$ %)7$',7b7)+**.
X/%$#a+,7"' :+. 7'a"*a$ +** ,-$%$'%$% +'(g"# $9,$'%7"'% "b ,-$:/0, ;"0*( '"#:+**. $9)*0($ ,-$%$'%$ "b ,+%,$f `U
UA6%0"& T7a$ /+%7) %,$&% "'*. `U
=%)" 3#$&+#$ ," )"'(0), +' $9$#)7%$ `U
=-&'056 \%$ 7'b"#:+,7"' &#"a7($( ," +##7a$+, + *7c$*. )"')*0%7"' "# %066$%, +&"%%7/*$ "0,)":$
\@
CXC A10/U2/07 51
SUR> >8I\Q\L\UQ QUL8:
R&5#-' C#7,$ +' +))0#+,$ ($%)#7&,7"' "b ,-$b0** #+'6$ "b "/%$#a+,7"'% :+($(0#7'6 + 67a$' &#")$(0#$
2-7% 7')*0($% ,-$ a+*0$% b"# +'.a+#7+/*$ /$7'6 7'a$%,76+,$(f ;-$#$+&&#"+,$? #$)"#(f (+,+ :+. /$($&7),$( 7' 6#+&-%? -7%,"6#+:% "#,+/*$%f `U
R&%)6& U-"; )"''$),7"'% /$,;$$'f $9&*+7'-"; "'$ %$, "b b+),% "# (+,+ ($&$'(%"' ",-$#% "# +#$ ($,$#:7'$( /. ,-$:
\@
:;&65. V+c$ + %7:&*$ b#$$-+'( (7+6#+:%-";7'6 #$*$a+', &#"&"#,7"'% +'(+'. 7:&"#,+', ($,+7*%
:6)6& 3#"a7($ b+),0+* 7'b"#:+,7"' 7')"')7%$ ,$#:% "0,*7'7'6 $9&*+'+,7"'%
@!
:A((&/6 Xbb$# +' $9&*+'+,7"' ($(0)$( b#":7'b"#:+,7"' &#"a7($( "# &#$a7"0%c'";*$(6$D GDDD + -.&",-$%7%f&#"a7($% + 6$'$#+*7Q+,7"' ;-7)-"bb$#% + *7c$*. $9&*+'+,7"' b"# + %$, "b(+,+ "# "/%$#a+,7"'%DJ
F" )"##$), "# 7')"##$), %"*0,7"' 7%&#$%0:$( /0, %066$%,7"'% :0%, /$+))$&,+/*$ ;7,-7' ,-$ *7:7,% "b%)7$',7b7) c'";*$(6$f \@
L&/6 2" b7'( "0,? b"**";7'6 %$, &#")$(0#$% `U
3/& E:&*7$% ,-$ '$$( ," #$)+** +'( +&&*.7' "#($# ," )":$ ," + )"')*0%7"'
\@
K*-$*1" W'"* R<<#+*6MMTXMUX6Y
