DDD Guida Del Dungeon Master 5.0 by Dungeon and Dragon [PDF]

Zitiervorschau

Testo

Scan: mimmi987 Edit: Francesco B.




SI RINGRAZIANO:

 Mattia T. Alessandro L. Emanuele C. Letizia L. Nicola C. Gabriele F. Federico M. Vittorio P. Nicola V. Per le loro donazioni GRAZIE, avete reso possibile tutto questo! Grazie anche a Francesco, che con pazienza e perizia a curato l’ impaginazione del manuale!

 
 
  

Margherita (mimmi987)

aggiornato a giugno 2018




Offrimi una birra: paypal.me/mimmi987

Offrimi un birra: paypal.me/mimmi987


 &# '() 3B=6.*76B&;AC&PA7OP$@7?H@=E7P

   
  

 
  

P57@$!E@C7P!P$G7PA7!$&P @EE7>7KK!C&P =&P $!A!$7ELP %&7P=@C@P A&CD@?!557P!>!?@P!/?!C&P=&PAC&DE!K7@?7P7?P$@>#!EE7>&?E@P

7P57@$!F@C7P7?E&C&DD!F7P!==7?E&CAC&F!K7@?&P A7!$&P 7>>&%&D7>!CD7P?&7P A&CD@?!557P&P A!C=!C&P$@?P=&P =@C@P H@$7 P @?@P57@$!E@C7P %7PCG@=@P0?@P 7?P4?%@P &P !>!?@P =&P7?E&C!K7@?7P D@$7!=7P$@?P7PP7P>@DEC7P&P 5=7P!=EC7P$@>A!5?7P %&=P5CGAA@ P P57@$!E@C7P $6&P !>!?@P=7?E&CAC&E!K7@?&P H!??@P $@7?H@=E7 P 

!$BG7D&?%@P=7H&==7P?G@H7PAC7H7=&57P &P @55&EE7P>!57$7P&P !$$@=5@?@P$@?P57@7!P@5?7P@AA@CFG?7ELP %7P%7>@DFC!C&P =!P DGA&C7@C7ELP %&7P=@C@P A&CD@?!557P P57@$!F@C7P$6&P!>!?@P =@EE7>7KK!K7@?&P H!??@P$@7?H@=E7 P

5!C!?E&?%@P=@C@P G?P!$$&DD@PC&5@=!C&P!==&P?G@H&P$!A!$7ELP



GD!?%@P5=7P @55&FE7P>!57$7P$6&P%&D7%&C!?@P $@>&PDAG?F7P A&CP

@.C&?%@P =@C@P =@AA@CFG?7FLP%7PDH7=GAA!C&P =!P A&CD@?!=7ELP &P 7=P#!$:5C@G?%P %&=P A&CD@?!557@P



$@?D&?E&?%@P =@C@P %7P7?E&C!57C&PC&5@=!C>&?E&P$@?P7PP



!557G?5&?%@P&=&>&?E7P%7P7?F&CAC&E!K7@?&P !5=7P7?$@?EC7P%7P

&P !7P?G@H7P7?$!?E&D7>7P =&P!HH&?EGC&P 

7?$=G%&?%@P%&5=7P7?$@?EC7P$6&P A&C>&EE!?@P !7P=@C@P



4C?&?%@P C7$@>A&?D&P BG!?E72$!#7=7P $@>&P7PAG?E7P

$@>#!EF7>&?E@P 

7?$@CA@C!?%@P5=7P&=&>&?E7P%&=P#!$;5C@G?%P %&7P=@C@P

A&CD@?!557P %7P%7DE7?5G&CD7P

A&CD@?!557P?&==&P !HH&?EGC&P

&DA&C7'?K!P !?$6&P A&CP5=7P7?$@?EC7P%7P7?E&C!K7@?& P

 
  

           

P57@$!E@C7P$6&P!>!?@P=&DA=@C!K7@?&PH@5=7@?@PDA&C7>&?E!C&P

P57@$!F@C7P!P$G7PA7!$&PC7D@=H&C&P7PAC@#=&>7P $&C$!?@P

=&P>&C!H75=7&P$6&P G?P>@?%@P+?E!DJP6!P%[email protected]& P @5=7@?@P D!A&C&P $@D!P$MP %7&EC@P 7=P AC@DD7>@P!?5@=@P @P =!P AC@DD7>!P

%7P!?!=7KK!C&P =&P>@E7H!K7@?7P%&7PP %7P DH&?E!C&P =&P >!$$67?!K7@?7P%8PG?P ?&>7$@P%7P C7D@=H&C&P7PC@>A7$!A7P&P%7P

$@==7?!P &P!>!?@P EC@H!C&P 7?%7K7P &PE&D@C7P?!D$@DE7P

7%&!C& G?PA7!?@P %!K7@?&P

P57@$!F@C7P$6&P!>!?@P=&DA=@C!K7@?&PH!??@P $@7?H@=F7 P

P57@$!E@C7P$6&P !>!?@P=!PC7D@=GK7@?&P %&7PAC@#=&>7PH!??@P



D&>7?!?%@P 7?%7K7P$6&P !==G%@?@P!P$7NP $6&P !$$!%CLP 7?P (GFGC@P



("$&?%@PEC@H!C&P=@C@P BG!=$@D!P BG!?%@P %&%7$!?@P%&=P E&>A@P!P&DA=@C!C&P





C7$@>A&?D!?%@P=!PA7!?71$!K7@?&P &P=!P E!EE7$!P $@?P %&7P



$@?D&?F&?%@P%7PE!?E@P7?PE!?E@P !PG?PA7!?@P #&?P $@?5&5?!E@P



$C&!?%@P%&7PP%!==&P>@F7H!K7@?7P$@>A=&DD& P

#&?&)@DEC7P %&7P D&5C&E7P %!PD$@AC7C&P @P %&7P %&FE!5=7P $G=FGC!=7P%!P !AAC&?%&C&P

7?$=G%&?%@P 7?$@?EC7P7?P $G7P=!PC7D@=GK7@?&P %&7P AC@#=&>7P D7!P$CG$7!=&P

4C?&?%@P %&D$C7K7@?7P%&EF!5=7!F&P %&5=7P !>#7&?F7P A7OP $@7?H@=5&?E7P &P GD!?%@P >!AA&P&P!$$&DD@C7P7?F&C&DD!?E7P



$@7?H@=F7PP 

%7PAC@$GC!C&P!7P 57@$!E@C7PG?!PH7EE@C7!P("$7=&P

 
  



  

P57@$!E@C7P !P$G7P A7!$&P7DE75!C&P=!K7@?&PD@?@P7>A!K7&?E7P

P57@$!F@C7P!P$G7P A7!$&P =!P?!CC!K7@?&PH@5=7@?@P$@?EC7#G7C&P

%7P+C&P !$$!%&C&PBG!=$@D!P !?$6&P D&PBG&DE@P D75?70$!P $@CC&C&P BG!=$6&P A&C7$@=@P C&,C7D$@?@P EG.!CD7P!P $!A@1EE@P ?&=PA&C7$@=@P &P!.C@?E!C&P=&P $@?D&5G&?K&P A7GFE@DF@P $6&P D@$$@>#&C&P !==!P?@7! P P57@$!E@C7P $6&P!>!?@P =7DE75!K7@?&P H!??@P $@7?H@=E7 P P 

$@?D&?F&?%@P =@C@P %7P7?3G&?K!C&P=!>#7&?F&P $7C$@DE!?E&P



7?$=G%&?%@P ?&==&P!HH&?EGC&PBG!=$6&P@55&EE@P$@?P$G7PE&?E!C=7P



=!D$7!?%@P $6&P=&P=@C@P!K7@?7P>&FF!?@P7P A&CD@?!557P7?P

!==@PDH7=GAA@P %&==!PDE@C7! P>!?@P BG&7P>@>&?E7P7?P$G7P7P A&CD@?!557PD@?@P $@7?H@=E7P %!PH7$7?@P?&==@PDH@=57>&?E@P %&5=7P !HH&?7>&?E7P &P!AAC&KK!?@PD@AC!EEGEE@P5=7P 7?$@?EC7P$6&PD7P $@==&5!?@P!=9!PEC!>!PAC7?$7A!=&P &P7?3G7D$@?@P DGP%7P&DD!P P57@$!E@C7P$6&P!>!?@P =!P?!CC!K7@?&P H!??@P $@7?H@=F7 P


GD!?%@P7P #!$;5C@G?%P%&7PA&CD@?!557P A&CP $@?EC7#G7C&P !P



!DD7$GC!?%@D7P$6&PG?P7?$@?FC@PA@CE7P!H!?E7P =!PDE@C7!P7?P



+$&?%@P7?P>@%@P $6&P=&P !K7@?7P%&7P A&CD@?!557P!##7!?@P



4C?&?%@P !7PP 7%&!=7P =&5!>7P &P %7(&EE7P $6&P5=7P

A=!D>!C&P =!PDE@C7!P %&==!P$!>A!5?!P

D7FG!K7@?7PD$@>@%&P 

7?$=G%&?%@P 7?$@?EC7P$@?P %&7P P$6&PC7DG=E7?@P A&DF7-C7P &P

BG!=$6&P>@%@P

7>AC&H&%7#7=7P BG!?F@P=@C@ P

$@?D&5G&?K&P DG5=7P &H&?F7P(GEGC7P !I&?FGC7&C7P A@DD!?@PD*CGEF!C& P




 
 

Offrimi un caffè: http://paypal.me/mimmi987

!    ! !

 !






 
     
 +  + +$ $ '* + +$)

36V30QRk 5Gk V60JGdd0V6k GkJRVRkY3RTGk P0J`0EG kQ6JJ0kYT6V0Qd0k

30PT0EQ0 k $ J_RERk5R`6kYGkY`RJE6V0QQRk Z_ZZ6kJ6k

5GkER`6VQ0V6kGJkPRQ5Rk3RQkT_EQRk 5Gk98VVRkJZV6k0Q3RV0k

0``6QZ_V6kQ3F6kQ6Jk30YRk5Gk _Q0P2G6QZ0dGRQ6k

T6VY6E_RQRkR2G6ZZG`Gk3F6kTRYYRQRk`0VG0V6k 50Jk TV0ZG3Rk

EGek6YGYZ6QZ6 k 3RP6kU_6JJ0k5Gk!RVERZZ6Qk,60JPY k

0JJ 6YRZ6VG3Rk 3RP6k J033_P_JRk 5Gk VG33F6dd6k P0Z6VG0JGk

U_6JJ0P2G6QZ0dGRQ6k 5G`6QZ0k 5GkTVRTVG6Zek 56Jk'k

R J0kV6Y_VV6dGRQ6k5Gk_Qk5GRk569_QZRkkTV6Y3GQ56V6k 50G

Q6JkPRP6QZRkGQk3_Gk6EJGkJ0kY36EJG6kT6Vk0P2G6QZ0V3Gk

JRVRkR2G6ZZG`G k U_6YZ6k;dGRQGk6QZV0QRkGQ6`GZ02GJP6QZ6kGQk

J6k Y_6k0``6QZ_V6 k 3V60kGkT6VYRQ0EEGk3F6kJRk TRTRJ0QRk

3RJJGYGRQ6 k50Q5RkRVGEGQ6k0Gk3RQAGZZGk3F6k9SVE6V0QQRkGJk9_Z_VRk

6kJ0kPR5G?30kQ6Jk3RVYRk56JJ0k30PT0EQ0k+_6YZRk

56JkPRQ5Rk

30TGZRJRk gkGQ36QZV0ZRkY_JJ0k3RYZV_dGRQ6k56JkPRQ5Rk 6kY_JJ0k 3V60dGRQ6k56JJ0k30PT0EQ0k3F6kYGkY`RJE6k0Jk Y_RkGQZ6VQRk

  




+_6YZRkJG2VR kGJk#
$$ 6kGJk !$"$ 56Y3VG`RQRkGkT0V0P6[VGk 5Gk9_QdGRQ0P6QZRk 20Y6k56GkPRQ5Gk 5Gkk$6k 0P2G6Q[0dGRQGk3J0YYG3F6k5Gkk GQ3J_5RQRk !RVERZZ6Qk,60JPY k "V6cF0bI k V0ERQJ0Q36k 6k'cYZ0V0 k 3F6kQRQkYGk 0JJRQZ0Q0QRk ZVRTTRk 50kU_6Gk T0V0P6ZVGkJZV6k 0P2G6QZ0dGRQGk3RP6k0VIk-_Q k 26VVRQ k ,0`6QJR9Zk -T6JJH0PP6Vk6k*J0Q6Y30T6kYGk5GYZ0330QRkGQkPR5RkTGjk YGEQG@30ZG`Rk 50Gk T0V0P6ZVGk 20Y6k (6JJ0k 3V60dGRQ6k 56Jk TVRTVGRkPRQ5R kGJk'k 5R`Vek 563G56V6k GQk 3F6k PGY_V0k 0ZZ6Q6VYGkRk56`G0V6k50kU_6GkT0V0P6ZVGk

   $6k V6ERJ6k56JkEGR3RkYRQRk20Y0[6k Y_GkY6E_6QZGk T0V0P6ZVGk20Y6k V6J0ZG`Gk0JkPRQ5Rk5GkEGR3Rk

-,- -#)-
- "JGk5gGkYRQRkV60JGk6k GQ30VQ0QRk_Q0kY6VG6k5Gk3V656Qd6k )EQGk 5GRk 6Y6V3GZ0kGJkY_Rk 5RPGQGRk Y_k_Qk0YT6ZZRk 56Jk PRQ5R k 3RP6kJ0kE_6VV0 k J6k CV6YZ6k R GJk P0V6k "JGk5gGk 6Y6V3GZ0QRk J0kJRVRkGQA_6Qd0k Y_JkPRQ5R 3RQ3656Q5RkJ0kP0EG0k 5G`GQ0k0GkJRVRkY6E_03Gk6kGQ`G0Q5RkJRVRk Y6EQGk6k TRVZ6QZGkT6VkE_G50VJGk.QkY6E_036k5Gk _Q0k5G`GQGZek :_QE6k5 0 k0E6Q\6k 5GkU_6JJ0k5G`GQGZekQ6JkPRQ5Rk$0E6QZ6k36V30k 5GkTVRP_R`6V6kEJGkG560KGk5GkU_6Jk5GRk6kY3RQ?EE6V6kGkY_RGk VG`0JGk -6226Q6k 36VZ6kT6VYRQ6kYGkVG?_ZGQRk5GkRQRV0V6kEJGk5gGk Q6YY_QRk T_hkQ6E0V6kJ0kJRVRk 6YGYZ6Qd0k

-!- !&---,-* 
- $6kV6EGRQGk Y6J`0EE6k022RQ50QRk GZZeYZ0ZR k 3RQ9656V0dGRQGk6kV6EQGk 5Gk`0VG6k5GP6QYGRQGkYT_QZ0QRkU_0k6kJekQ6JkZ6VVGZRVGR kP0k RJZV6kGkJRVRk 3RQ?QGk gkJ0k`GZ0kY6J`0EEG0k0k5RPGQ0V6k %0kE6QZ6k 3RQRY36k26Q6kJ0V60kGQk3_Gk`G`6k F0kY6QZGZRkV033RQZ0V6kYZRVG6k 

5Gk0JZVGkJ_REFGk 50GkP6V30QZGk6k50Gk`G0EEG0ZRVG kP0kYRQRk GQkTR3FGk0kY0T6V6k 3RY0kYGk ZVR`0k RJZV6kJ6kPRQZ0EQ6kRkQ6Jk ?ZZRk 5Gk _Q0kEV0Q56k9SV6YZ0k 0kP6QRk 3F6kQRQk3GkYG0QRkYZ0ZGk 5GkT6VYRQ0k

--,-'
-"JGkGPT6VGkYRVERQRk6k305RQRkU_0YGk Z_ZZGk Gk J_REFGkYRQRkYZ0ZGk ZR330ZGk0JP6QRk_Q0k`RJZ0k50JJ0k EV0Q56dd0kRk50JJ0k563056Qd0k5Gk_QkGPT6VRk'0kJ0kE_6VV0 k GJk Z6PTRk6kJ6k CVd6k56JJ0kQ0Z_V0k?QGY3RQRkT6VkVG`6Q5G30V6k GJkPRQ5Rk 56Gk PRVZ0JG k E6Q6V0Q5Rk J_REFGk5Gk0``6QZ_V0k 6k5GkPGYZ6VRk5GkREQGkE6QfV6k$6k0QZG3F6k3G`GJZek6kJ6kJRVRk 3RQRY36Qd6kYRTV0`aG`RQRkQ6JJ6kJ6EE6Q56kQ6EJGkREE6ZZGk P0EG3Gk6kQ6JJ6kVR`GQ6k-T6YYRkGJk30RYk 6kGJkP0J6k 5GJ0E0QRk 0k Y6E_GZRk 56JJ0k305_Z0k5Gk_QkGPT6VRk

-%'---&"--
- "JGkGQ5G`G5_Gk TGjkTRZ6QZGkYGkYCVd0QRk5GkJ0Y3G0V6kGJkY6EQRk Y_JkPRQ5Rk 6k J6k;dGRQGk3RPTRYZ6k 50kGQ5G`G5_Gk0>QGkTRYYRQRk0JZ6V0V6k GJk 3RVYRk56JJ0kYZRVG0kJ3_Q6k ZV0kU_6YZ6k;dGRQGkGQ3J_5RQRk V6JGEGRQGk E_G50Z6k 50kTVR96ZGk 30VGYP0ZG3GkV6EQGkER`6VQ0ZGk 50k0QZG3F6k5GQ0YZG6k 6kYR3G6ZekY6EV6Z6kGQZ6QdGRQ0Z6k 0k P0QGTRJ0V6k P0EG6k T6V5_Z6k 50kZ6PTRk &GQA_6Qd0k5GkU_6YZ6k ;dGRQGkYGk91kTGjkCVZ6kRkTGjk 562RJ6kGQk20Y6k 0EJGk6YGZGk56JJ0kJRVRk JRZZ0kT6VkGJkTRZ6V6kJ3_Q6k36V30QRk 5GkTV6Y6V`0V6kGJkPRQ5Rk 6k 5Gk0E6`RJ0V6kJ0k`6Q_Z0k 5Gk_Q0kQ_R`0k6Zek56JJ RVRkJZV6k

$-,-
-$TV0ZG30QZGk56JJ0kP0EG0kYRQRk V6J0ZG`0P6QZ6kTR3FG kP0kGJk9V_ZZRk56JkJRVRkRT6V0ZRkgk `GYG2GJ6k R`_QU_6k$0kP0EG0kT_ik6YY6V6kGQQR3_0k6k5GZu0>5XYcu iZuPZ;PjP;i\u]iruf>Zf5_>u;Pu]_\]PnP5_cPu3Y8>_X>>u]_PY5u ;PuY>ff>_cPuPZu jP5MMP\u ]>_uY5_>uiZP_cPu5uiZu 85Z:N>ff\u :\YiZQf5_P\u]>_u@>cf>MMP5_>uN5iZf>5uZ>PuMP\_ZPu;>Xu_5::\Xf\u >u]_>M5_>u+5X5_u ]_PY5u;Pu]5_f?:P]5_>u 5uiZ5u85ffif5u;Pu :5::P5u X:iZPuPZ;PjP;iPucjPXi]]5Z\u X5u j\:5nP\Z>u5uc>_jP_>u iZ5u ;PjPZPfouQZu ]5_fP:\X5_>u>uc:>XM\Z\u^i>Xu;P\u :\Y>u X\_\u ]5f_\Z\u #XPuPZ;PjP;iPu]5_fP:\X5_Y>Zf>u;>j\fPu;Pj>Zf5Z\u c5:>_;\fPu >uKZ;5Z\u iZuc5Zfi5_P\u\u:\XX58\_5Z\u 5XX5u M>cfP\Z>u;PuiZu Xi\M\uc5:_\u 'Zu:5cPuY\Xf\u ]Psu_5_Pu:NPu cjPXi]]5uiZ5uj\:5nP\Z>u;>XuM>Z>_>u;Pj>Zf5uiZu:NP>_P:\u\u iZu ]5X5;PZ\u >ujP>Z>uPZj>cfPf\u ;>XX5u]P>Z5u_>c]\Zc58PXPfou;>Xu ]\f>_>u ;PjPZ\u 'uc5Zfi5_Pu>uPuf>Y]XPu@iZM\Z\u;5u]iZfPu;Pu_5;iZ\u]>_uPu_PfPu >uX>uCcfPjPfou_>XPMP\c>u'uc5:>_;\fPu:N>u]_>cP>;\Z\u^i>cfPu Xi\MNPuZ5__5Z\u cf\_P>uciMXPu;pPuPZc>MZ5Z\uPu]_>:>ffPu;>XX>uX\_\u ;PjPZPfou]5f_\Z>u \D_\Z\u :\ZcPMXPu >u8>Z>;PnP\ZPu:>X>8_5Z\u _PfPu_>XPMP\cPu>uKbPc:\Z\u 5;;>cf_5Y>Zf\u Z>XX>u 5ffPjPfou :N>u X>uX\_\u ;PjPZPfou]_>;PXPM\Z\u )>u:Pffou >uPu]5>cPu]PsuM_5Z;Pu ]\cc\Z\u\c]Pf5_>u j5_Puf>Y]XPu;>;P:5fPu5XX>ucPZM\X>u;PjPZPfou]Psu

     ,>XX5uY5MMP\_u]5_f>u;>PuY\Z;Pu;PuuX>u ;PjPZPfouK_Y5Z\u iZu]5ZfN>\Zu >cf>c\u3Z5uY\XfPfi;PZ>u;Pu;PjPZPfouM\j>_Z5u Puj5_Pu5c]>ffPu ;>XX>cPcf>Zn5u5uj\Xf>u:\XX58\_5Z;\u>u 5uj\Xf>u >Zf_5Z;\uPZu :\Y]>fPnP\Z>uf_5uX\_\u Z>XX5uM>cfP\Z>u;>MXPu >j>ZfPu ;>XXiZPj>_c\u % Y\_f5XPucPu_5;iZ5Z\uZ>Pu c5Zfi5_Pu ]i88XP:Pu]>_uj>Z>_5_>uX>u;PjPZPfou;>XX5ujPf5u>u ;>XX5uc5MM>nn5u \ucPu_PiZPc:\Z\uPZu Xi\MNPuc>M_>fPu]>_u5;\_5_>uX>u;PjPZPfou ;>XXPZM5ZZ\u >u;>XX5u;Pcf_inP\Z>u -MZPu;PjPZPfou;>Xu ]5ZfN>\Zu ]\ccP>;>uiZ5_>5u;PuPZJi>Zn5u :N>u N5uX\88XPM\u;Pu]_\Yi\j>_>u,>XX5Y8P>Zf5nP\Z>u;Pu #_>mN5kVu%>P_\Z>\icupuiZu;P\u;>Xuj5X\_>u:N>u:NP5Y5u Pu:NP>_P:Pu>uPu]5X5;PZPu5Xuci\uc>_jPnP\u>uXPuPZ:\_5MMP5u5u ;PE\Z;>_>uMXPu P;>5XPu;>XX5u:5j5XX>_P5u;>XX5uMPicfPnP5u >u;>XX5u Mi>__5u\Z\_>j\X>uZ>XX5uc\:Q>fouZ:N>uc>uPY]>MZ5f\uPZu iZ >f>_Z5uMi>__5u:\Zf_\uci\uA_5f>XX\u %>lf\_u ;P\u;>XX5u Mi>__5u>u ;>XX5ufP_5ZZP5u%>P_\Z>\icu]_\Yi\j>uX5uci5u5_>5u

PY]\_f5ZfPu]_>cc\uX5u:\YiZPfouY>Zf_>uMXPuPZc>;P5Y>ZfPu ]Psu ]P::\XPu5uj\Xf>uBZZ\uic\u;Pu iZucPZM\X\ueZfi5_P\u ;>;P:5f\u5u fiff>uX>u;PjPZPfouj>Z>_5f>u ;5MXPu 58Pf5ZfPu;>XuXi\M\u .>_u:\Y]\__>u _5]P;5Y?Zf>u iZu ]5ZfN>\Zu ]>_uPXu]_\]_P\u Y\Z;\u iZu+u ]iru :_>5_>u iZucPZM\X\u ;P\u ]>_u\MZiZ\u ;>MXPu \ff\u ;\YPZPu ;Pc]\ZP8PXPu ]>_uPu:NP>_P:Pu \Z\c:>Zn5u #i>__5u 'ZM5ZZ\u )i:>u +\_f>u ,5fi_5u2>Y]>cf5u>u4Pf5u PZj>Zf5Z;\u PuZ\YPu>uX>u]>_c\Z5XPfou;Pu ^i>XX>u ;PjPZPfou \u]_>Z;>Z;\u PZu ]_>cfPf\uX>u;PjPZPfou;Pu 5Xf_Pu ]5ZfN>\Zu /i>cf\u 5]]_\::P\u M>Z>_5uiZu]P::\X\u ]5ZfN>\Zu:N>u 588_5::P5uMXPu 5c]>ffPu ]PsucPMZPG:5fPjPu;>XX>cPcf>Zn5u>u :\Zc>Zf>u;Pu>cf_5]\X5_>u @7:PXY>Zf>uMXPu5Xf_Pu 5c]>ffPu;>XX5ujPf5u:N>u \MZPu;PjPZPfou ]\f_>88>u :\Zf_\XX5_>u'Xu;P\u;>XX5u\Z\c:>Zn5u]>_u >c>Y]P\u ]\f_>88>u@iZM>_>u5Z:N>u ;5u]5f_\Z\u ;>XX5u Y5MP5u >u ;>XX>u ]_\CnP>uY>Zf_>uPXu;P\u ;>XX5u)iq>u ]\f_>88>u>cc>_>u5Z:N>uPXu ;P\u;>Xuc\X>u>u;>Xuf>Y]\u

 ,.  !.  .  
. #!%

 % % "% U

D.$DDFU

Q$D'J$U '*$U'*:U&$C%7$C*DNFU*U'*>:$U-JNPE$U

U

D.$DDFU

$/$CPNU'7FU '*:>$U.7PMN7R7$U*U'*@>$UEF%7:NSU

U

P*JI$ U"7N$U

*MN$U'7U'I$.FU'7U GJF,=F U J5QF:N$U$UM7D7MNI$U IN7.>7FU$UNJ*U'6N$UJ7QF:NFUQ*JMFU7:U%$MMFU

I*UNI7$D.F:7U7EU -JC$R7FD*UM*JI$N$U


I*U>7D**UFD'*..7$DN7UMFQJ$GGFMN*U

$D*U '7FU'*::$U.P*JJ$U*U(*::$U&FDHP7MN$U

U

P*IJ$U

FJ*::FDU '7FU'*::$UC$.7$U*U'*::*U$IN7U

U

P&*U

N*>:$U$UFNNFUGPDN*U

J$N/7M U'*$U'*>?$U&7Q7:NSU*U'*>>
1DQ*DN7Q$U

U

FDFM&*DR$U

*NSU MPG*J8FJ*U'7UPEU7D.J$E$..7FU'*DN$NFU

JPPCM/ U '7FU'*::$U'7MNJPR7FD*U

U

P*JI$ U*CG*MN$U

&&/7FUNJ7$D.F:$I*U&FDUMGFJ.*DR*UFMM**U

FEFM&*ER$U

"7D&$MNJFU$U-JC$U'7UF&&/7FUMN7:7RR$NFU

;FPD U'*$U'*:@$U&FDFM&*DR$U



%

MCF'*PMU '7FU'*:>$UN7I$DD7$U

U

FJ( U'7FU(*::$U-JR$U*U'*A>*UN*CG*MN*U

U

*CG*MN$U

G$'$U&FDUPDU +P:C7D*U&FC*U.P$K'7$U&JF&7$N$U

F:N/ U'*$U'*2UI$.E7U*U'*::*UC*DRF.D*U

U

D.$DDFU

N*>>$U$UFNNFUGPDN*U &FDU>*U:7D**U'7U PD$U J$.D$N*:$U PJ%7D*UM7C7:*U$UPDFD'$UC$J7D$U

*:FJ$ U'*$U'*B:*UN*JI*UM*:Q$..*U *U'*:U C$J*U

U

$NPI$U*CG*MN$U

FI$'7E U'7FU'*>:$U&J*$R7FD*U

U

FEFM&*ER$ UP*IJ$U D&P'7D*U ,$CC*..7$DN*U

*:FJU'7FU'*:UMF:*U*U'*::$.J7&F:NPJ$U

U

P&*U"7N$U

*.7D$UFJQFU'*$U'*?:$U CFJN*U

U

FJN* U"7N$U

*I&07FU&FDU M*7UGPEN*UFI7*DN$N*UQ*JMFU :*MN*JEFU *MN$U'7U &FJQFU'7UGIF,:F U J7QFPE$U

FIF.U '7FU'*>:!D'*J'$I9U

U

FJN*U

"*&D$U'7FU'*7UM*.J*N7UC$FM&PJ7NSU*U'*7UQ*:*D7U

U

D.$DDFU FJO*U




% %         


*JG*DN*U$U-JC$U '7U GP.D$?*U

     

?C]V2iS2[:VO2i E^EOE[di 7QM:i -DQVi-aVi:i V:a2iEO72VO2OQi

!JiS2O[D:QOi8:JJ2i]:VV2i8:JJJ52i ei]Oi:Y:MSEQi8Ei

CJEi2YS:[[EiSEhiEMSQV[2O[Ei8:JJ2i7]J[]V2iOQVV:O2i:i $QIEi :iEi Y]QEiY:C]27Ei [V2M2OQi [V2iJ:iQM5V:i2i^QJ[:i2E][2O8QiJ:i 2J[V:i

S2O[D:QOi 7QMSQY[Qi U]2YEiEO[:V2M:O[:i 82i :J:M:O[Ei SV::YEY[:O[EiS:Vi YQ88EY=V:iJ:iO:7:YYE[di 8Ei]O2i S2V[E7QJ2V:i 72MS2CO2i *]:Y[Qi eiEJiS2O[D:QOi8Ei8:=]J\i]Y2[Qi O:JJ2i U]2V[2i:8EbEQO:i8:Ji(K3`:WZi3P96QQHi
 !Ji S2O[D:QOi eiVE2YY]O\QiO:JJ2i[25:JJ2i
E^EOE[di8:JJ2i]:VV2i8:JLJ52i *]:Y[Qi S2O[D:QOi2[[EOC:i2i^2VE:i8E^EOE[diOQOi]M2O:i :i=i 8EiJQVQi8:JJ:i 8E^EOE[di]OE^:VY2JEi*]:Y[:i 8E^EOE[diEO7J]8QOQi 2D2M][ iQV:JJQO iV]]MYD i $QJ[D i %QV28EO i ,:D2OEO:i :i-E2M2[iJEi]M2OEi ^:O:V2OQi %QV28EOi:iQV:JJQOi7QM:i 8E^EOE[di 8:JJ:iJQVQiVEYS:[[E^:i 2V::i 8EiEO@]:Ob2 i 2ObE7Dfi 7QM:i 8E^EOE[di V2ccE2JEi "JiS2O[D:QOiEO7J]8:i2O7D:iJ2V7E8E2^QJQi YMQ8:]Yi 7QM:i 8EQi 8:JJ2i8QMEO2bEQO:i:i 8:JJ2i[EV2OOE2 i J7]O:i8E^EOE[di YQOQiSV:Y:i 82i2J[VEiS2O[D:QOi 2i^QJ[:i




2YY]M:O8Qi ]OiO]Q^QiOQM:i 2O:i SVQ^E:O:i82iQVCQ[[:Oi +:2JMYi#QV8i):JQVi-D2VEc8]Oi:i/:7O2iSVQ^:OCQOQi 82i V:aD2_Ii2Ji S2O[D:QOiCV:7QiYQOQi Y[2[:iSV:J:^2[:i [:O2i

VE52[[:bb2[2iV2[DEYi:i -E7D:i VE52[\:bb2[2i ^2O8V2i 2O7D:i Y:i :O[V2M5:i YQOQi Y[2\:i 2J[:V2[:i ,:[i VE52[[:cc2[Qi1:DEVi SVQ^E:O:i 82Ji S2O[D:QOi:CEbE2OQi$2i +:CEO2iQV^Qiei YEMEJ:i 2i

:Ji 8:Ji S2O[D:QOi OQVV:OQi :i2i0::G2Yi 8Ei V:aD2_Ii

$:i[V:i 8E^EOE[di VEN2O:O[Ei YQOQi Y[2[:i7V:2[:i 82i b:VQi !Q]O i %:JQV2i:i -QVQCi


      &:JJ2i SVQSVE2i72MS2CO2iEJi%i S]gi7V:2V:i S2O[D:QOi 8Ei8E^EOE[di Y[V:[[2M:O[:iJ:C2[:i[V2iJQVQi 2JJEO[:VOQi 8Ei ]O2i YEOCQJ2i V:JECEQO: i ]O2iV:JECEQO:iMQOQ[:EY[E72i J2i ^:O:V2bEQO:i8Ei]O2i YEOCQJ2i8E^EOE[di ]OiYEY[:M2i8]2JEY[E7Qi

EO7:O[V2\Qi Y]i8]:i8E^EOE[diQi BVb:i 7QO[V2SSQY[:i]Oi7]J[Qi MEY[:VE7Qi 7D:i SV:^:82i]O2i8:^QbEQO:iS:VYQO2J:i2i ]O2i YEOCQJ2i8E^EOE[d iYQJE[2M:O[:i7QM:i S2V[:i8:JiYEY[:M2i8Ei ]Oi S2O[D:QO iV:JECEQOEi 2OEMEY[E7D:i 7D:i ^:O:V2OQiCJEiYSEVE[Ei 8:JiMQO8QiO2[]V2J:i QiS:V?OQiBVb:i:i?JQYQ?:i7D:iOQOiYQOQi EO7:O[V2[:iY]JJ:i8E^EOE[di

   i8E>:V:Ob2i8Ei ]Oi S2O[D:QOi:Y[:YQ i ]OiS2O[D:QOi 7Q:YQi YEi 7QO7:O[V2iY]i]O2iYEOCQJ2i V:JECEQO:iEi7]EiEOY:CO2M:O[Ei :8i :8E[[Ei255V277E2OQi]OiCV]SSQiJEME[2[Qi 8Ei8E^EOE[di - Y:C]27Ei 8Ei]OiS2O[D:QOi7Q:YQi SQYYQOQi SV:8EJEC:V:i ]O2i8:JJ:i 8E^EOE[di 7D:iO:i "K2K 16:6K76?"9"K 6>4, 6K 1 A5"K!,C,5-?GK>656KC"5":?"K>AK7-IK 465!-K "K!"?"5)656K A5K:5)6K!,C":>6K>AK6)5-K465!6 K ,5K>"K 11K 2696K,5'A"5DK >AK8A"1K1A6)6 K "K ,")-

#%-C556K62?9"K2K 647:"5>-65"K!"-K469?1, K

65K76>>656K">>":"K"C6 ?"K"!K "C-?56K)"5":24"5?"K8A1>->-K 6,5C62)-4"5?6K!-:"??6K5")1-K&9-K !"-K469?1, K 5K1 A5"K 6

>-65,K 462?6K 99"K45-#">?56K C?9K>,4-1-KK8A"21,K !"11"K

!,C-5,?GK 4-56:- K 4K 1
B

->,65"K!"22C?9K !,KA5K !,6K 4))-6;"K565K

*K1 A5K"%"@@6K>A1K!-6KC"96K"K 79679,6 K "K,")-

"#%- >,K -5 9556K ,5K 8A3 *"K7A5?6K-479" ,>?6K

!",K7,5-K2 A5"K!-C-5,?GK4-56:-KC,C656K>A2K,56K ?":-1"K 64"K7"9K">"47-6K2K!"FA5- 6:56K A9A"K!.K 69)6??"5K "24>K "K -1K?-?5- 6K!-6 >8A26K"061*KC"5":?6K!,K >*A)-5K 1?9-KC-C656K >A-K ,5-K >?"95,K 64"K 62?*K +"K :->,"!"K5"12,>>6 K2-K !,C-5-?GK 76>>656K-5 65?::"K,K469?1-K "K$*',")-*556KA5
6:.)-5"K!-C,5K 4K565K> 62?56K 5HK:->765!656K11"K79")+,"9"K 565K 65 "!656K ,5 5?">,4-K-K *-":, ,K"K 565K 65?962256K>7"??-K !"12KC-?K469?1" K ">?56K 64A58A"K!")1-K">>"9,K-44"5>4"5?"K76?"5?-K"K,5K?"69-K 76?9""96K> "5!":"K2K :5)6K!-K !-C-5,?GK >"K

A4A2>>";6K A5K

5A4":6K!")A?6K !,K C"5":?6:- K "K 8A>, !-C-5-?GK 9- !656K-5K ?9"K >6??6 ?")6:,"K>"4,!",K?,?5-K"KC">?-)-K K &- 5> 656K!11A5,65"K!-K A5K!,C-5-?GK"K!,K A5K ">>"9"K 469?2"K 6>>,"!656K1 A5,K??9-A?-K !,C-5,K 4K-1K 1696K:"?)),6K 469?2"K1-K-!-C-5,?G K

- ((!- >656K2"K "9"K !22A5,65"K!-K !A"K !-C-5-?GK ">>":"K $9- ?,K !KA5K (:)-K!-C-5K 5> ":"K!1K>5)A"KC":>?6K!KA5K !,6K 6KC"5-9"K11K 2A "K-5K1?:,K46!,K@@;C"9>6K 1K>6>?5EK6K1KC6265?GK !-C-5K "K +&(- >656K!/C-5-?GK *"K*556K7"9>6K8A>-K?A??-K,K16:6K C"5":?69-K"K>656K 65>-!"9?"K !"#A5?"K!1K7A5?6K!-KC->?K!"-K 46:?1- K KC62?"KA5K9-?A2"K">6?"9- 6K9-"> "KK 65???="K 8A">?-K ">>"9-K "K!K??,5)"9"K1K1696K 76?"9"K2?"5?" K

S2O[D:QOi7Q:YQi '8EOQiSV:YE:8:iE J iS2O[D:QOi:i YIK354K>M03Y+E.YK.QQ.YM>YSY ;KM3YK>/[email protected].@Y 2>GY

K.QQ3YP3E Y GY5HKM3YMGEGY>@Y7NNGK3Y

2>GYE3@Y 0GKMGY 23Y O@N>D>Y.EE>Y

2>YOEY2>GY GY2>YOEY.@NKGY

0=3Y @=.Y 0K3.N.Y0GDI.KM.YOE.YEOGP.YK.QQ.Y0K3.N.Y2.YOEY

230>M>PGY0=3YIOVYM/>@.E0>.K3Y Y3JO>A>/K>Y2>YIGN3K3Y.Y7PGK3Y

 


       





 (MVMD*VC*GG*V>DVK-*@*VD*O>ED*@0 VEV 0K*DVHM0KL*VK-*@*V -EGI0V MD*V N*KL*VI0ED0V />V />C0DK>ED>VG*I>V*A@*V!I*DV I0L*2FID>* V E5I0D/EVKG*O>EV>DV *,,ED/*DO*VG0IV@0V*NN0DLMI0V/0V 0IE>V

"@VGI>CEVG*KKEVD0AV-I0*I0VA*VC*GG*V />VMD*V I0ED0V >DV

HM0KL*VK-*@*VRV LI*LL0D->G*@>V /0@@*I0*V$*VI0ED0VK>VLIEN*VD0@@0DLIEL0II*VEV

@MD0I*V GELI0,,0V >D-@M/0I0V /0A@0V>KE@0V *@V A*ID-@M/0I0VMDVC*I0V>DL0IDEV EVMDVVD*K-EDEV /*@@0VCEDL*D/0I0V /*@@*GGIE-->EVK-0@LE VV0K*VKEDEVMDV ,MEDVCE/EV G0IV-ECGEII0V @*VC*GG*V/>VMDV*C,>0DL0V 0KL0IDEV

K>V 2+DDEVKLI*/*V8DEV*@@*VC*KK*V/*-HM*V G>UVN>->D*V-=0VDEDV

MDVHM*/IEVD>O>EV /0@@*V-*CG*DV*@-MD0V*I00V G>UV G>--E@0V@LI>V

%VGI020I>K-EDEV

*I0*V/0@@*V-*CG*D->*@0V *NN0DLMI0V-ED/M-EDEV>VG0IKED*DV DMEN>VL0II>LEI>V

>DV-M>VK>*VGEKK>,>@0VN>*DVHM*@K>*K>V />I0O>ED0V0V>@V

-*@-E@EV /0@@0V />KL*DO0V GELI0,,0VI>N0@*IK>V>CGEIL*DL0V)DV

K>DV -*IL*V0K*DV  -CVRV @>/0*@0V G0IV@*VC*LE@EV  E4I0VM@L0I>EI>V>D;IC*O>ED>VKM@@*V

-I0*O>ED0V/0@@0V*I00VK0@N* I0V@*VC*GG*V />V MDV>DL0IEV -EDL>D0DL0VK>VMK*V

-=0VGMTV0KK0I0V-EG0IL*V>DVMDVEIDEV/>VN>*DVHM*@K>*K>V

K-*@*VRV/>6->@0V DEL*I0V HM*@-EK*V-=0V N*/*V EALI0V@*V @>D0*V

-=0V>@V L0II0DEVK>*VKV -EDK0VV@*V 0V>V-ED9D>V GE@>L>->V )D*VC*GG*V>DV HM0KL*V

G*IL0DO*V />VMD*V-*CG*V
I0*I0V MD*V*CG*ED*@0VK>VMD>K-EDEV @MD*V*@@*@LI* V C*VDEDVG0IVK0I0V>V

?CV )DV;EV>DL0IEV>DVHM0KL*VK-*@*VI*GGI0K0DL*V MD*I0*V

/>I0O>ED0VG*IL0D/EV /*@V -0DLIEV /0@@*VC*GG* VGI0KMC0D/EV GIEN>D->*@0VRV ML>@0V G0IV/>K0V KM--0KK>N*C0DL0V>DV HM0KLEV -*G>LE@EPV EV/>VMDVHM*@K>*K>V

@MEV K>V *KG0LL*V/>VC>KMI*I0V>VCEN>C0DL>V/0V

*NN0DLMI>0I>V>DVEI0V *DO>-=SV>DV EID>V

"#V L0II0DEV -EG0ILEV /*VMD*I0*V/>VHM0KL0V />C0DK>ED>V>D-@M/0V VMDVK>DGEV />VL0II0DEV /EC>D*DL0 V >DL0IN*@@*LEV /*V*@LI>V L>G>V/>V L0II0D>V G>UV>KE@*L>V )D*VI0ED0V -E@ED>OO*L*V>DV HM0KL*VK-*@*V GELI0,,0V

EKG>L*I0VMDVG*0K0V0V MDVDMC0IEV/*V ELLEV*V/E/>->VN>@@*D/>-*I0V@0KL0DK>ED0V

*VHM*@MDHM0VK-*@*V>@V%VK-0@VG*IL>I0 V RV 3->@0V OEEC*I0V>DV*N*DL>V EV *@@>D/>0LIEVKM@@0VC*GG0V "DVK-*@*V

EKG>L*I0VMD*VK>DI>LLMI*VDEDVEKG>L*I0V

/0>V-*CG>V-E@L>N*L>V-=0V->I-ED/*DEV EV ->LLQV EV G*0K0V "DV

MD*VC*GG*V >DVK-*@*V GIEN>D->*@0 VHM0>V-*CG>V -ECG*I>I*DDEV

-EDL>D0DL*@0 V V 0K*V V

-EC0VMD*V 3K->*V/>VGE-=>V0K*V-=0V->J-ED/*VEVG*0K0V

0K*V>DVK-*@*VD*O>ED*@0VM0V->LLQV-=0V/>KL*DEV  0K*V

L0II*V G>UV 21IL>@0VD0@VI*V/M0VEV LI0V-=>@EC0LI>V

KMVMD*VC*GG*VD*O>ED*@0V 0VGELI0,,0IEVK0LQV

EV N>@@*4@@$K4:K9$224;>K()@@$264;K:K ?'$6$K:$E4;:$6) K
 )?$2;:;K)=C4D$6)K$K )?$2;:4K4:K?'$6$K ;D4:'4$6)K=C4:(4K +'46)K9)@@)>)K6$K>)24;:)K>$.2C>$@$K ($KC:$K9$4K$&4@$@4K'3)K?4K@>$@@4K(4K *>):)@4'3)K'4@@F K;?;?4K ;K(4KD$?@)K @)>>)K ';6@4D$@) K';:@>4&C4?';:;K$K()0:4>)K6$K:$@C>$K()66$K'4D46@FK :)6K9;:(;K(4K24;';K#:K?4:2;6;K4:?)(4$9):@; KC:$K?;>@$K (4K'$94)>4 K  C:K;@@49;K)K C:$K'$9)$E4;:)K  ()6K9;:(;K6KK 41)@@)>)K ?C4K ?)2C):@4K4:@)>>;2$@4D4K =C$:(;K'>)$KC:K4:?)(4$9):@;KK46K?C;K9;:(;K 
















!C$6K  6$K?C$K*C:E4;:)K:)6K24;';K !C$:@;K  2>$:()K$K'34K  ;D$>)K6)K9)>'4K)K4K ?)>D4E4K (4K'C4K3$::;K&4?;2:;K !C$64K@)9)K;>2$:4EE$E4;:4K?D;62;:;KC:K>C;8;K ;94:):@)K !C$64K)8)9):@4K*%:@$?@4'4K6;K(4?@4:2C;:;K($KC:K(4:$>4;K



)>'3GK$4K?;:$224K(;D>)&&)K49@$>)K(4K=C)?@;K 4:?)(4$9):@;K

)K4:(4'$E4;:4K4:K=C)?@$K?)E4;:)K3$::;K6;K?';)K 46KK $K';?@>C4>)K 64:?)(4$9):@;K'3)K()?4()>$KK=C$6?4$?4K ?';4K4:K ';:@>$?@;K ';:K6$K?C$K D4?4;:)K(4K=C)664:?)(4$9):@;K )K64&)>$9):@)K42:;>$@$K


#:K4:?)(4$9):@;K)?4?A)K)??):E4$69):@)KK$2)D;6$>)K6$K ?@;>4$K)K>):()>)K6$K'$994:$K6$99;:@$>)K ()4K ()@@$264K($K4:?)>4>)K ?C/'4):@)K'>)$>)K=C)4K@>$@@4K(4K 'C4K46KK>4@4):)K(4KK$D)>)K&4?;2:; K$??4)9)K$K=C$6'3)K :;@$K?C4K@>$@@4K4'4K ;4K46K6C;2;KFK?D46C2$:4'$9):@)K9$:K9$:;K'3)K264K$DD):@C>4)>4K4:@)>$24?';:;K ';:K$6@>4K?C;4K$?FK'3)K46KK):($K:;@$K()4K:C;D4K 6C;234K'3)K4:D):@$K

 


#:K4:?)(4$9):@;K)K($K6C;2;K (;D)K4K?;:$224K ?4K,>9$:;KK>4)K)K K';9$>)K ;DD4?@)K:K =C)?@;K'$?;KC:K4:?)(4$9):@;K:)')??4B$K?;6@$:@;K(4KC:$K &>)D)K()?'>4E4;:)K6KK')264)K46K:;9)K()664:?)(4$9):@; K ()'4()K6)K(49):?4;:4K)K$224C:2)K=C$6'3)K @;'';K(4K';6;>)K 
;(;>)K()66)K';:')>4)K6;'$64K$6)224$K)::)9):@)KK 6)KD4)K()6K4)>4K ?&>4234:;K4K6;>;K$-$>4K$K?@;>4$K()66$K6;'$:($K(;D)K4K ?;:$224K :;@@$:;K ;K4K9;(4K(4K+>)K()6K:)2;E4$:@)K($K 'C4K ';9$:;K 6)K ;DD4?@)K ?;:;K()@@$264K'3)K)K $224C:@4K64&)>$9):@)K9$K:;:K?;:;K$-$@@;K ;&&642$@;>4K")K4K ?;:$224K+::;K>4@;>:;K$66;K?@)??;K4:?)(4$9):@; K46K K )K$(K$224C:2)>)K=C$6'3)K @>$@@;K6;'$6)K4:K9;(;K '3)K)??;K4:4E4K$(K$??;94264$>)Kdh‰ zd>‰VHn>nBXZ?‰ _Z\Zv>nH‰Zd‰BzZ‰Z‰;ZVdhnZ‰EHZ‰

 ! $ 3>‰siBZHv‚‰  lnHsZHEzv>‰E>V\Z‰>dZ>dZ‰ .d‰ >\BzdZ‰ B>sZ‰Z\‰Bhdvnh\\i‰EH\\>‰vInn>‰ƒ‰>PE>vh‰>\\H‰n>H‰lZ‡‰ \hdVH{H ‰Bh_H‰V\Z‰ H\R‰ h‰ Z‰En>VYZ‰  #  !
$ 1hnV>dh‰EZ‰ Vi|Hndh‰ƒ‰ Bh_lhsvh‰ E>‰ ZdB>dv>vhnZ‰ BXH‰nHVd>di‰EZnHvy>_HdvH‰Bh_H‰h\ZV>nBXZ‰h‰ dhAZ\Z‰ LHzE>\Z‰ h‰ BXH‰ J@ddh‰ l>rxH‰ EZ‰zd>‰EH_hBn>Z>‰h‰ EZ‰zd>‰

#*"( . /

AznhBn>Z>‰ #\BzdZ‰HsHblZ‰ZdD\zEhdh‰Z‰5>VXZ‰ :hssZ‰ EZ‰~‰

"% . /

dH\\>_AZHdv>ZhdH‰EZ‰ +hnVhvvId‰:H>_s‰ H‰Z‰nHsvnHVhdZ‰ EZ‰ #vX>s‰dH\\>_AZHdv>ZidH‰ EZ‰ '>n[‰;zd‰

  


       

 

 # &&"  
& ,]8YZ4hYS6F8Zdh CS_8WR4Z4h 74EhP8P5WFhUFgh4RbF4RFhShUEghFPUSWZ4RZFh 7Eh ]RShYU86E@6Sh

R6D8h Eh_EJJ4CCEh UEgh UE66SJFhUSYYSRSh6SRY8RZFW8h4Eh

Y8YYSh %8h6EZZdh78Eh7WS`hYSRSh 8Y8PUFh7FhP4ZWE4W64ZEh Z8S6W4ZF6EhW8ZZEh74h]Rh6SRYFCJFSh7EhYSPP8hY468W7SZ8YY8h 7WS`h 6D8h WEYUSR7SRSh4h&SJZD hJ4h -8CFR4h8PSRF464h78Eh-4CREh  & %4hYS6F8Zdh  CS_8WR4Z4h74CJEhFR7F_E7]Eh UEgh

4WPFhUEghY8PUJF6EhYSRSh7FYUSRF5EJFhUW8YYS6DehS_]RV]8h #h

6SJZEh 8h ERZ8JJEC8RZE hYU8YYSh4?4R64ZFh74h]R4h5]WS6W4bE4h6D8h YEhS66]U4h78JJ8h UW4ZE6D8h7FhCS_8WRShV]SZF7F4R8h#RhSWCSZZ8Rh -84JPY hJ4h 5E5JFSZ864hBWZFA64Z4h7Eh4R7J8I88Uh  UW8YF87]Z4h

74h ]Rh SW7FR8h 7EhPSR46EhYZ]7ESYFhC]E74ZFh74h]RhP48YZWSh78Jh Y4U8W 8hRSZSh6SP8hEJh]YZS78h78Fh1SJ]PFh ()h#h 64UFhPEJEZ4WFhCS_8WR4RShK4hR4bFSR8h

Y]h]RhCW]UUShY68JZSh7EhYSJ74ZF h]RhSW7FR8h7Fh64_4J64ZSWFh7Fh





WF8RZW4hERh V]8YZ4h64Z8CSWE4h

 
& 0RhYFRCSJShYS_W4RSh 8W87EZ4WESh USWZ4hJ4h 6SWSR4hh7E>8W8Rb4h7Fh ]Rh4]ZS6W4Z8 h ]RhPSR4W64h8Y8W6EZ4h 78FhUSZ8WEhJFPFZ4ZEh74JJ8hJ8CCFh8h9]RC8h74h64USh7EhCS_8WRSh7Fh ]R4h78PS6W4bE4 h 7Eh ]RShYZ4ZSh=]74J8h Sh7Eh ]R4hPFJEZS6W4bF4h #MhW8CRSh78JhW8J4R7 hR8JJ4P5E8RZ4bESR8h 7Eh58WWSRh  7SZ4ZSh7Eh]RhU4WN4P8RZSh6D8h 8Y8W6EZ4hEJhUSZ8W8hJ8CFYJ4ZE_Sh8h 7Fh]RhPSR4W64h6D8h8Y8W6EZ4hV]8JJSh 8Y86]ZF_Sh


& 0RhR]P8WShWFYZW8ZZSh 7EhCS_8WR4RZFh4YYSJ]ZEh 6SR7E_E78hEJh USZ8W8 h4h_SJZ8hY]77E_E78R7ShFJhZ8WWEZSWEShFRh 7EYZW8ZZEhShUWS_FR68hYSZZShFJhJSWSh 6SRZWSJJShShCS_8WR4R7Sh 6SJJ8ZZF_4P8RZ8h 0RhCW]UUSh7Fh4__8RZ]WF8WEh6D8h4YY]P4hEJh 6SRZWSJJSh 7Eh]R4hR4bESR8h USZW8558h9TR74W8h]RSJFC4W6DF4h %4h EZZdh%F58W4h7Eh!W8aD4`Ih ]RSJFC4W6DF4h 6SPUSYZ4h74Eh64UFh 7Eh_4WF8h ]Y8h

 $&$
& YEYZSRShPSR8Z8h7FhSCRFhC8R8W8hU8Wh BWP4 hZ4COF4 hRSP8h 8hP4Z8WF4K8h !W4bE8h4CJEh4P5FbFSYEh P8W64RZEh78JJ4h.8P5E4 h J8hPSR8Z8h 74JJ4hYZW4R4hBWP4h7Fh

" & & &  & $%& &

 

USZW4RRShZWS_4W8h]RhU4YZSh64J7Sh 8h]Rh J8ZZS h 4R6D8h Y8hL4h #h_EJJ4CCEhYEh4?74RSh U8Wh5]SR4hU4WZ8h4Fh 6SPP8W6Fh6SRh

7W4CDEh Sh]R4hK8C4h7EhUWER6FUFhP4WFREh.SJ4PRF4 h ]R4h R4bESR8h


& #JhCS_8WRSh R8KJ8hP4REh7Eh ]Rh 7FW8ZZSh

8h 4ZZW8bb4Z]W8h UFghYU86FA6D8h'SJZEh_FJ$4CCEhYSRSh7SZ4ZEh7Eh JS64R78hUWSRZ8h4hSYUEZ4W8h Eh_E4R74RZF h7S_8hCJEh4__8RZ]WF8WFh

CMEh4JZWFhFRY87F4P8RZF hFR6J]YFhFhU48YEh 8hJ8h6FZZdh UEghCW4R7Eh

CS_8WR4Z4h74Fh64_4JE8WFhR8JJ4P5E8RZ4bFSR8h7EhW4CSRJ4R68 h

W4UUW8Y8RZ4RZ8hSh7Fh]Rh CW]UUSh7Eh4C8RZEh7Eh]R4h7F_EREZdh #h

P8W64RZEh_E4CCE4ZSWFhZW4YUSWZ4RSh 4WP4Z]W8 h4WPFh74hC]8WW4h

V]4JEZdh 4h_SJZ8hJ4Y6F4h4h78YF78W4W8h

4UUJE64R7Sh]R4hJ8CC8h P4WbE4J8 h ]Y4R7ShJ8Y8W6FZSh 8h4JZW8h 9TXb8h4WP4Z8h 0R4hPFJFZS6W4bF4hUSZW8558h8YY8W8h54Y4Z4h

U8WYSR4CCEh 7Eh466878W8h4JJ8V]EU4CCE4P8RZSh7Eh6]EhD4RRSh 5EYSCRSh U8WhJ8hJSWSh4__8RZ]W8h+WS__EYZ8 hZ8R78 hb4EREh8hJ8h

 

V]8JJ4hR4bESR8hYSRSh7E>]Y8hERhZ]ZZSh48W^Rh*8JJ4h.8P5E4 h Fh786EREhV]47W4ZFh7Fh=WWShYSYZEZ]FY6SRSh38hPSR8Z8h 7EhW4P8h %8hPSR8Z8h7 4WC8RZShZWF4RCSJ4WFhYSRSh6DE4P4Z8h6SX_F h J8h PSR8Z8h7Eh8J86ZW]Ph4hBWP4h7FhWSP5ShYSRSh6DF4P4Z8h



"#+!$
"%,& 1



!,
!,**1




 1



*!-
1 *!,**1



. 
/**1



'!
&!**1

6SRE4hPSR8Z8h7FhUJ4ZERSh#Rh.8P5E4h  4668ZZ4ZShSCRFhZEUSh

D4WP4WIh ShUEgh6SP]R8P8RZ8h
S66DEh4bb]WWF h8hJ8hPSR8Z8h 7SWShU8RZ4CSR4JEhYSRSh6DE4P4Z8hRS5FJFh%4h.8P5E4hRSRh



( "
' "**1



'!--!1

7Fh6SRES h74JJ8hPSR8Z8h7FhW4P8h4hV]8JJ8h7EhUJ4ZERSh78Eh



& *
) *1




0&1

U48YFh8YZ8WEh

 


        

 

))*Q4O244M[AE[ 7O4G4QA0I[ 04GQOI[ 0IPFIMIEAQ*[24E[

!!$
$ 4[ ?OIPP4[ NR*GQAQV[ 2A[FIG4Q4[

0IFF4O0AI[E4[ FIG4Q4[ 2A[O*F4[PIGI[0@A*F*Q4[ MRGQ4[ NR4EE4[

MIPPIGI[OAPREQ*O4[2A8&"N8?>)!)T

)FA)D8)>N"T )T8TI)F?D8 T

:"T(8A:?="N8"T ID"T8T(K)TD)5>8T>)II"=)>I)TA8ST (8/&8:)T

(8TK>?D5">8NN"N8?>)T 23 58PT(8TA)DTFQTK>"TD8F?DF"TAD)N8?F"T)T

>"TA?F8N8?>)T (8TFA8&&?T":I)D>?T

AKRT &?=A?DI"D)TM"D8T$)>)2&8T&?>&D)I8T&?=)T:"&&)FF?T"::)T

T:8>5K"558T (8T KF?TA8ST &?=K>)TA?ID)$$)D?T"M)D)TM)DF8?>8T A8ST">I8&6)T ?AAKD)TA?ID)$$)D?T )F8FI)D)T :8>5K)T">I8&6)T

8>,@D="N8?>8 T "::)CK8A"558"=)>I? T "::"T="58"T "::)T":ID)T

&?=A:)I"=)>I)T (8M)DF)T 8>T "II)F"T(8T)FF)D)TF&?A)DI)T ("5:8T

D8F?DF)T()::?D5">8NN"N8?>)T

"MM)>IKD8)D8TFK::)T I?=$)T?TFK::)TD?M8>) T ":8T:8>5K"558T A?FF?>?T"558K>5)D)TK>T ):)=)>I?T(8T=8FI)D?T"::)T 8F&D8N8?>8T)T

 
  
 

"8TI?=8T8>T&K8T8TA)DF?>"558TF8T8=$"II?>? T

)T,#N8?>8T )T:)T?D5">8NN"N8?>8T&6)T8:T T&D)"TA)DT:"TFK"T &"=A"5>"T(?MD)%$)D?T>"F&)D)T ("T FI?D8)T&6)T D8FK:I8>?T

:T TA?ID)$$)T8>M)>I"D)T ()8T:8>5K"558TF)5D)I8T"558K>I8M8T ?:ID)T":TDK8(8&?T)T":T5)D5?T:"(D)F&? T8>T=?(?T("T&?>F)>I8D)T

8=A?DI">I8T A)DT8:T=?>(?T)T AD)F)>I"DF8T&?=)T)>I8IPT &?>T&K8T8T

"8T=)=$D8T(8T &)DI)T?D5">8NN"N8?>8T?T"/:8"N8?>8TA?:8I8&6)T(8T

58?&"I?D8T ()F8()D8>?T8>I)D"58D) T &?=)T"::)"I8 T &?=)T=)=$D8T

&?=K>8&"D)TID"T:?D? T?ID)$$)T A)D1>?T()&8()D)T &6)T?5>8T

?T&?=)T>)=8&8 T )DTAD8="T &?F"T M"T ()&8F?T8:TDK?:?T &6)T:?D5">8NN"N8?>)T

"::8>)"=)>I?TA?FF8)("TK>TFK?T:8>5K"558?T"TA"DI) T K>"TF?DI"T (8T5)D5?TFA)&8":8NN"I?TKF"I?T AD8>&8A":=)>I)TA)DT(8F&KI)D)T

()M)TFM?:5)D)T"::8>J)D>?T():T=?>(?T K":8TF?>?T:)TFK)T

()8T&?>&)II8T1;?F?1&8 T

"II8M8IPT 38TFK?8T?$8)II8M8T68T:
6"T 4>("I"T)T A)D&6QT ?F"T-">>?T8TFK?8T=)=$D8T)T D8FA?GI)T "TBK)FI)T (?=">()T

>TK>"TD)58?>)T8>T&K8TK>"TD"NN"T>)T6"TF?II?=)FF"T K>
":ID" T 8:T:8>5K"558?T()8T&?>BK8FI"I?D8TA?ID)$$)T(8M)>I"D)T

(?MD)$$)D?T 4D>8D)T K>TD8ID"II?TF?((8F.&)>I)T():;"T

K>TF)5>?T (8T AD)FI858?TF?&8":) T>":?5"=)>I) T:)55)D)T)T

A)DF?>":8IPT ()::?D5">8NN"N8?>) T "II?T BK)FI? TF8TA"FF"T

F&D8M)D)T A?ID)$$)T )FF)D)T K>)F&:KF8M"T D8F)DM"I"TA)DT:)55)T "::)T &:"FF8TF?&8":8TA8ST ):)M"I) T

 3 3  #3 )3  !3


  



JLIGUIXIHI] @U-U!-@3!HY!]']R/]IJJIH-IHI]&0]H!R%IRTI] !-@3]

)=A:8 T 58:() T ?D(8>8 TF?&8)IPTF)5D)I)T)T&?::)58TF?>?T,?EO)T

!#UR3] &/]JIT'L' ] G!-/%I] I]%IGUH']%.']R0!] !]AILI]IL-!H/YY"Y3IH'] 13 %L'R%3UT! ]%LI@?!T!]']L3RILT!]J0\]XI?T']

8=A?DI">I8T>)::?D(8>)TF?&8":)T(8T?5>8T&8M8:IP T"T:?D?T

H'?]%ILRI]&'1] R'%I@3] 3RV!]@IH-'X2T[]']@!]RU!]M'R2A;'HZ"] RIHI]

8>3K)>N"T AKRT)FI)>()DF8T"T>K=)D?F8T A")F8T)T&8IIP T &?>T?T

&IXUT']JL7H%3J!AG'HT']!D?']RV']L"&3%3]&'%'HTL!@8TA?FF?>?TFM?:5)D)TK>TDK?:?T8=A?DI">I)T>)::)T M8I)T ()8T A*DF?>"558T58?&">I8 T,L>5)>(?T("T:?D?TA"IE?>8 T"::)"I8T

'!@GR ]!H%.']R']3HT'L!-/R%IHI]TL!]AILI]RI@T"HTI]RJIL!&0%!G'HT' ]

?T>)=8&8TAD?AD8?T&?=)T8TA)DF?>"558T>?>T58?&">I8T8>(8M8(K":8 T

3H]#!R']!??']H'%'RR3T[]  3&'IAI-7!]&'-@3]LJ2RT3]13VH4&'I?I-3"]

K">(?T8TA)DH?>"558TF8TK>8F&?>?T"TBK)FI)T?D5">8NN"N8?>8 T (8M)>I">?TA"DI)T (8TK>T8>F8)=)T A8STM"FI? T&6)TAKRT4D>8D)T"::)T

?/] LJ3RT/] RIHI] UH!]X!RT!] L'T']&3]/H%!HT!TIL0]']RJ3'] %.']




:?D?T"MM)>IKD)TK>T&?>I)FI?T>):TD)FI?T():T=?>(? T

HI#3?']']3]RUI/]G'G#L/]X!HHI]*'L6] &'@]AILI]/H-'-HI]']&'?F!]AILI] /H%ILLUTT/#3@3T[]A3]LJ/RT3]HIH]X!HHI]/H] %'L%!] &3]JIT'L']I]&3]-@IL/!] &'R3&'L!HI]RI?T!HTI]VH]TL!TT!G'HTI]-3URTI] '&]'KUI]J'L]TUTT/]

,/,3
#$!RRI] @!] T3L!HH2!] -V!-@3!HY"] '&]'KU5T[] J'L]TUTT/] ,+(+0(,+(3 ']%IHX3HY3IH/]&'-@3]LJ3RT3]JIRRIHI]'RR'L']




       ::8>8N8?T(8TK>"T&"=A"5>" T 8T$"&95D?K>(TF?>?TK>T? I I8=?T =?(?TA)DT&?::)5"D)T5:8T"MM)>IKD8)D8T":TD)FI?T():T=?>(? T ">T=">?T'6)T8:T58?&?TAD?F)5K) T IKII"M8"T 8T:)5"=8T(8T $"&95D?K>(TFA)FF?T(8M)>I">?T=)>?T8=A?DI">I8 T )T,#N8?>8T)T:)T?D5">8NN"N8?>8T&6)T &?8>M?:5?>?T8T A)DF?>"558T58?&">I8TF?>?TK>T $K?>T=?(?TA)DT=">I+>)D)T K>T &?::)5"=)>I?T ID"T5:8T"MM)7IKD8)D8T (8T:8M)::?TA8ST ":I?T )T8:TD)FI?T ():T=?>(? T4D>)>(?T:)5"=8T &?>T8TTA8ST8=A?DI">I8T)TK>T

L3!RRUHT']H'@]GI&I]R'-U'HT']


']0H,LG!Y/IH/]']?'] %IHIR%'HZ']!L%!H']HIH]RIHI]G!3] !$#"RT!HZ!]



LIJJI]JIT'L']%IH&U%']!??!]%ILLVY/IH']']@!#URI]&'@@!]G!-3!] 6H] J!LT/%I@!M'] &'X']'RR'L']RTN'TT!G'HT']RIQ'-A3!TI]



'RRVHI] &IXL'##'] G!3] L2G!H'L'] 3H'NG']

$(&/((3 !%%I-@3'L']3H,LG!Y0IH3] 3H]TUTTI] !'LH ] &3R%'LH'L']

?$8)II8M?T$)>T()1>8I?T'6)T M"("T?:ID)T8:TAD?1II?T A)DF?>":)T

?']&2H!G/%.']JI?/T3%.']!@@/HT'LHI]&3]I-H/] N'-/IH'] ']JLIGUIX'L']

>":?5"=)>I) T:)T?D5">8NN"N8?>8T>)=8&6)T5)>)D">?T K>"T

@'KV2T[]'] ?U-U!-?/"HZ!]TN!G7T']G'YY/]I%%U@T3]-/L']!J'PT!G'HT']

F)>F"N8?>)T (8T=8>"&&8"T8>&?=$)>I)T &6)TF8T (8=?FID"T A8ST

RI?T!HTI] 3H]%!R/]'RTL'G/] JI&'RT!L']3]T/L!HH/]']KV!AR7!R3]%!JI]

4DI)T )(T )0&"&)T(8TBK)::"T (8TK>TF8>5?:?T"MM)DF"D8? T ?::)5"D)T8TA)DF?>"558T"TM"D8)T.N8?>8TAKRT">&6)T&D)"D)T ()::)TF8IK"N8?>8T8>I)D)FF">I8T":TI"M?:?T("T58?&? T":=)>?T

-IX'LHI] I]-LUJJI] %.']&/X'HT/] TLIJJI]JIT'HT'] /UT!L']3]&'$I@3 ] 3] JIX'L8] ']-@/]IJJL'RR2]

*-.&3"(-(%'&3 '] T/J3%.']/GJL'R']&'-@3]LJ3RT3] /H%@U&IHI]

1>I">I?T&6)TBK)::)T,#N8?>8T6">>?T()5:8T?$8)II8M8T">":?568T)T

G'TT'L']3H]R7%VL'YZ!]UH]"PT')TTI] %.']JITN'$#']R%IHXIA-'L']

>?>TF8T ?FI"&?:">?T"TM8&)>("TIKII?T8:TI)=A? T:8T "MM)>IKD8)D8T

-?3] 'KU3F3$L3]&/]JIT'L']&/]UH!]L'-3IH' ] L!%%I-@3'L']3H,LG!Z3IH3]

&6)TD"AAD)F)>I">?T.N8?>8T(8M)DF)TA?ID)$$)D?T"M)D)T8>I)D)FF8T

RU] UH]/H&/X3&UI] I]VHIL-!H9YY!Y3IH']JIT'HT']']&'T'NG/H!L']

?TAD8?D8IPT&?>ID"FI">I8 T AKDTA)DF)5K)>(?T5:8TFI)FF8T?$8)II8M8 T

C']X'L']3HT'HZ3IH/]&3]VH!G#3Z:IR!]+-WO!]JI@/T>%!]I]&3]UH]

)T ?D5">8NN"N8?>8T(8T "MM)>IKD8)D8TF?>?T ">&6)TK>"T

3H%!HT!TIL']G!?X"-3I]

5D">()T,@>I)T(8TD8&?=A)>F)TFA)&8":8T&6)TM">>?T?:ID)T8T AK>I8T


3


 

3     



,N016>;B1N ;ND;@;/;N=1=.B;N011N?=1ND1N 0,NAF11N?N/91N /?=@?BD;N01;N

01C/B;G1B1..1ND1N'F,?N1N,F=1>D,N ;>G1/1N 0;N  D;N'F,?N

3=,N0;N AF1,88;?N

,N/?>0;G;01B1N

&1BN 1C1=@;?N ;N@1BC?>,88;N1N  F>N.F?>N =?0?N@1BNB;,CCF=1B1N;,N 3H;?>1N/91N FC,NF>N/1BG?N/?=1NC;=.?1N;>N /F;N ?N F>N@,1C1N 0,;,N0;N F>N 0B,8?N.;B1N;N=,,