VAG-Navisystems Navegador Multimedia NaviTOUCH Installation And Configuration Manual

!
!
!"#$%&&%$'(")%"*)+(",'-./%$'(")0%".%&)
)
!
)
1(02%$'3'&'$4)5'$6)7.*')7897:9;:)5'$6)1("+</$=>4026("4))
/%*'(
!56'+6)'"+&.*<#)%)?9:@)+(&(./)*'#2&%4!
!
!
)
!!!!!!!!"*<A)
BC 1(02("<"$)'*<"$','+%$'(")#!$%&'()) BCBC *+,-./'0.%!.1-'23%4'!45/651' 1 -7 #!$%&'()! BCDC 8$9!:5;!45/651'1-7!#!$%&'(<! BCEC =5.4'!/50+,'!45 /651'1-7!#!$%&'(<!
)
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
!
!
EC
HI>)J(A)1(",'-./%$'(")K)>4#$<0)1(",'-./%$'("!#!$%&'(K")
ECBC M%,.@2%-.1&!-5+4?!%10!%0N+7-.1&!-?'!./ %&' !#!$%&'(K"! ECDC FE9EO!#!$%&'(K<! ECEC *%67!9P!4%20!%10!8$9!7.&1%,!#!$%&'(K<! EC8C M?'4H.1&!-?'!8$9!7.&1%,!#!$%&'(K>!
!
! 8C L7;M>=>(&N'"-)2/(3&<0#!#!$%&'(KA!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
)
J%#'+)O"(5&<*-<)3<,(/<)'"#$%&&%$'("P)
I&<%#<9)/<%*),.&&4)%"*)+%/<,.&&4)$6'#)'"#$%&&%$'(")6%"*3((O)3<,(/<)4(.)% $$<02$)$()'"# $%&&)$6<)O'$)'")
4(./)N<6'+&<C) )
9-%2-!-?'!.17-%,,%-.51!514'!Q5+!?%R'!-?'!+%/)#$(22<*)%"*)$6<)O<4)(.$)(,)$6<)'-"'$'(")#&($ S!7+6 6,Q! 65T'2!/+7-!@'!-?'!,%7-!7-'6!.1!.17-%,,%-.51()
)
D?'1!Q5+!4511'4-!-?'!6250+4-!%10!?.7!%44'7752.'7!4%@,'7!52!4511'4-.517!-5!-?'!R'?.4,'!45/651'1-7S!
$6<!2(5</)+%3&<#)(,)$6<)2/(*.+$#)0.#$)3<)."2&.--<*C) ))
*%H'!7+2'!-?%-!-?'2'!%2'!15!','4-2.4!52!/%&1'-.4!0'R.4'7!1'%2!53!-?'!.17-%,,%-.51!6,%4'(!)
)
!"#$%&&%$'(")0.#$)3<)2 < / ,( / 0<*)34)%)Q.%&','<*)#2<+'%&'#$C)
)
$250+4-!&(##<#)6'#)5%//%"$4)',)4( . )* '# 0%"$&<)'$)(/)',)4(.)$/4)$( ),'A )'$)5'$6(.$)$6<)0%"., % +$ . /< / ) 2</0'##'("C!U3!Q5+!3/<%O).2)2/(*.+$)#<+./'$4)#$'+O</#9)5%//%"$4)5'&&)3<)&(#$)$((C)
)
M?'4H!-?%-!Q5+!?%R'!2'4'.R'0!%,,!-?'!6250+4-!45/651'1-7!@'352'!-?'!.17-%,,%-.51(!U3!Q5+!7''! %1Q!6%2-!0%/%&'0!52!3%+,-QS!451-%4-!+7!.//'0.%-',Q()
)
$25@,'/7!/%0'!@Q!%!+7'2!/.7-%H'!.1!-?'!.17-%,,%-.51!52!/%1.6+,%-.51!53!-?'!6250+4-!#.22(#<)$6<) 5%//%"$4)'"N%&'*%$'("C)
)
R%-ST%N'#4#$<0#)>CUC)VWTMX)/%H'!2'76517.@,'!.3!-?')6250+4-!0%/%&'7!-?'!4%2!52!+7'2S!4%+7'0!@Q!%! T251&!.17-%,,%-.51!52!%1!./6256'2!+7'!53!-?'!6250+4-()
!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
!
!
!
!
!
!
!
!
!
Y(.)0.#$)"($<)$6<)0%".,%+$./</)/<-.&%$'("#),(/)$6<)0%"'2.&%$'(")(,)<&<+$/'+)+(02("<"$#9)%"*)$6<) *'#+(""<+$'(")(,)$6<)%'/3%-#)%"*)$6<)*'#0%"$&'"-)2/(+<*./<#)(,)'"$</'(/#)(/)2'<+<#)"<<*<*)$() 2</,(/0)$6<)'"#$%&&%$'("C!!
!
!
BC 1(02("<"$)'*<"$','+%$'("P) BCBC Z.&$'0<*'%)'"$</,%+<)+(02("<"$#P)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
) )
) )
)
)
)
)
) ) )
)
)
[\B<%])B)."'$4^)
)
)
)
)
)
)
!
Z.&$'0<*'%)'"$</,%+<!!
!
)
7**'$'("%&)0(*.&<!V!9W:!:CGFP
!
!
)
!!_)+%3&<!XX<$YZ"'%Y
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
ZW`a)+%3&<!XZ"'%Y!
!
!
IWVa_)+%3&<!XXK<$Y!Z"'%Y!!!!!!!!!!!!!!!!!!!!!!!!!
!
!
7R)+%3&<!XZ"'%Y!
!
!
XWb1c)WbX)+%3&<!XZ"'%Y!
!
!
_a7_)17Za_7)IWVa_)+%3&<!XZ"'%Y!
!
!
UR`>)+%3&<!XZ"'%Y!
!
!
XWb1c)+%3&<!XZ"'%Y!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
_<0($<)1("$/(&!XZ"'%Y!
!
U1`)+%3&<!XZ"'%Y!
!
!
!
BCDC HI>)J(A)+(02("<"$#P))
)
)
)
) )
)
)
)
)
) )
) )
)
)
)
) )
)
)
)
BCEC R('+<)0(*.&<)+(02("<"$#P)
)
)
)
) )
) )
)
)
)
)
!
HI>)J(A)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!
!
X(.+6)#+/<<"!
!
HI>)J(A)IWVa_)+%3&<!
!
HI>)%"$<""%!
!
c'**<")0'+/(26("<)
X96'4.3.4!352!5R'2?'%0!45+2-'7Q!,.&?-7!6%1',Y!
!
>2<%O</)
XC6-.51%,!.17-%,,%-.51Y)
!
b>J)<A$<"#'(")+%3&<!
!
R('+<)0(*.&<!
)
R('+<)0(*.&<);.%*&(+O)+%3&<
!
)
R('+<)0(*.&<)%.*'()+%3&<)
!
!
!
DC !"#$%&&%$'("P) DCBC Z.&$'0<*'%)'"$</,%+<)'"#$%&&%$'(")*'%-/%0P)
)
! )ZbUX!Za`!7)R!`aW)!TXa_L71a)! ! )>bJ)JW7_`)! ! !T%N'-%$'(")S!HI>)J(A!) ! !X(.+6)+%3&<)) ! !UR`>)+%3&<)) ! !U1`)+%3&<)! ! !X(.+6)+%3&<)! ! !Z("'$(/)) ! !X(.+6)>+/<<")! ! )1("$/(&)J(A!! ! )W/'-'"%&)U1`)+%3&<!! ! !17Z! ! !_17! ! !IWVa_)
)
TWXaP)X6<)"($)'*<"$','<*)+(""<+$'("#)'")$6'#)*'%-/%0)(/)$6<).#<&<##)("<#9)0.#$)3<)'#(&%$<*='-"(/%$<*C!!
!
!
!
!
!
!
DCDC ><$$'"-).2)$6<)0.&$'0<*'%)'"$</,%+<)3<,(/<)'"#$% &&'"-)'$P)
`!I)>5'$+6<#P)
W7.1&!-?'!`!I!>5'$+6<#)53!-?')0.&$'0<*'%!'"$</,%+<!Q5+!T.,,!@'!%@,'!-5!<"%3&<=*'#%3&<!-?'!';-'21%,!/+,-./'0.%!
0'R.4'7S![%R.&%-.51S!P=PS!2'%2!4%/'2%7S!'-4\!%1Q-?.1&!-?%-!Q5+!45 11 '4-(! ]5 2!';%/6,'S!.3!Q5+!%2'!&5.1&!-5!4511'4-!%! /+,-./'0.%!0'R.4'!.1!-?'!G="S!%10!%15-?'2!.1!-?'!G=)S!5<)5'&&)d.#$)<"%3&<)$6<)+(//<#2("*'"-)`!I)>5'$+6<#!XPU$K! %10!PU$!<Y!%10!5<)5'&&)*'#%3&<)%&&)$6<)/<0%'"'"-)`!I)>5'$+6<#S!.3!T'!05!,.H'!-?.7S!T'!T.,,!51,Q!?% R' !-? % -!K !'1%@,'0!
75+24'7!.1!-?'!.1-'23%4'!XG="!%10!G=)YS!%10!T?'1!Q5+!4?%1&'!325/!51'!75+24'!-5!-?'!5-?'2S!-?'!.1-'23%4'!T.,,!7H.6!
-?'!51'7!-?%-!%2'!0.7%@,'0(!P5.1&!-?.7S!T'!&'-!%!3%7-'2!4?%1&'!@'-T''1!75+24'7(!`'2)B!.7!+7'0!352!1%R.&%-.51!7 5 +2 4' ! XF8:!4511'4-.51Y(!
9''!-?'!1';-!#%02&<)'0%-<^!
!
!
Ra_Y)!ZIW_X7TXP!`!I)>5'$+6)bI!V!a"%3&<!_!`!I)>5'$+6)`WVT!V!`'#%3&<)
[!-"(/<)eWTf)'"#+ /'2 $ '( " ^ )
J.H'!-?.7!.1!-?'!7%/6,'!./%&'^!
PU$!"!V!X+6Y!E1%@,'0!
PU$!K!V!X05T1Y!P.7%@,'0!
PU$!)!V!X05T1Y!P.7%@,'0!
PU$!<!V!X+6Y!E1%@,'0!
PU$!>!V!X+6Y!E1%@,'0!
PU$!A!V!X+6Y!E1%@,'0!
PU$!B!V!X05T1Y!P.7%@,'0!
PU$!`!V!X+6Y!E1%@,'0!
`!I)>5'$+6<#),."+$'("P)))
PU$!"!V!a"%3&<=*'#%3&<)_HJ)[HI>)J(A^)
PU$!K!V!E1%@,'!_0.7%@,'!G="!
PU$!)!V!E1%@,'!_0.7%@,'!G=K!
PU$!<!V!E1%@,'_!0.7%@,'!G=)!
PU$!>!V![5!3+14-.51!
PU$!A!V![5!3+14-.51!
PU$!B!V!a"%3&<=*'#%3&<)%,$</0%/O<$)/<%/)+%0</%)(/)WaZ))
`!I)>5'$+6)F).2!V!'1%@,'!CE*!4%/'2%_!T.-?5+-!2'%2!4%/'2% ! `!I)>5'$+6)F)*(5"!V!'1%@,'!%3-'2/%2H'-!4%/'2%)
PU$!`!V![5!3+14-.51!
)
)))))))T%N'XWb1c)1(",'-./%$'("P)
PU$!"!V!b2!
PU$!K!V!P5T1!
PU$!)!V!P5T1!
PU$!<!V!P5T1!
PU$!>!V!P5T1!
PU$!A!V!P5T1!
`!I)F)b2!V!'1%@,'!CE*!4%/'2%_!T.-?5+-!2'%2!4%/'2%!
`!I)F)b2!V!'1%@,'!%3-'2/%2H'-!4%/'2%)
PU$!`!V!P5T1!
!
!
)
)
)
DCEC Z.&$'0<*'%)'"$</,%+<)'"#$%&&%$'(")%"*)+(""<+$'("#P)
P.7%77'/@,'!-?'!452'!%'2%-52!+7.1&!%!?55H!-55,S!%10!0.7%77'/@,'!-?'!4,./%-'!451-25,!+7.1&!%!?55H!-55,S!K!?5,'7(!
!! !
W1742'T!-?'!<!742'T7!-?%-!?5,0!-?'!2%0.5S!15T!2'/5R'!-?'!32%/'!+7.1&!%!2'/5R%,!-55,(!
!! !
F'/5R'!-?'!2%0.5S!%10!0.74511'4-!%,,!.-7!4511'4-527(!
!! !
!
7$$<"$'("P)R<6'+&<#)5'$6)7.*')>(."*)>4#$<0)0%".,%+$./<*)%,$</)DgBEhhh) !$)+(.&*)3<)$6%$)56< " )* '#+ ( " " <+ $ '"- )$ 6< )/ % * '(9)$ 6 < )%. * '( )WaZ)#4#$<0)3<+( 0<#)eZbXaf)56< " )< A +< < * '" - )
$6<):O0=6)N<&(+'$4C)I&<%#<9).2-/%*<)N<6'+&<M#)/%*'()#(,$5%/<)['##.<)/<+(-"'i<*)34)7.*'^C)
!
!
!
W1742'T!-?'!<!742'T7!-?%-!?5,0!-?'!R'?.4,'a7!742''1!%10!0.74511'4-!-?'!742''1!4511'4-52(!
!!! !
[5TS!2'/5R'!-?'!%+-5!&,5R'!45/6%2-/'1-!-5!@'!%@,'!-5!6,%4'!-?'!/+,-./'0.%!.1-'23%4'!%10!-?'!8$9!:5;S!+1742'T!
-?'!)!742'T7!325/!.17.0'(!
! !!! !
W1742'T!-?'!<!742'T7!53!-?'!@5--5/S!51'!51!-?'!7.0'!%10!2'/5R'!-?'!45R'2(!!
!!! !
!
!
!
!
!
!
P.74511'4-!-?'!','4-2.4!4511'4-52!53!-?'!%+-5!&,5R'!45/6%2-/'1-S!%10!2'/5R'!-?'!%+-5!&,5R'!45/6%2-/'1-(!C14'!
Q5+!?%R'!2'/5R'0!.-S!Q5+!T.,,!?%R'!'15+&?!76%4'!-5!6'2352/!-?'!4511'4-.517!@'-T''1 !-?' !/+ ,-./' 0.% !.1-'23%4 'S!-?' ! %00.-.51%,!/50+,'!%10!-?'!R'?.4,'a7!742''1!%10!Q5+!T.,,!?%R'!-55S!76%4'!-5!6,%4'!-?'!/+,-./'0.%!.1-'23%4'(!!
!!! !
[5TS!4511'4-!-?'!4511'4-52!-?%-!Q5+!?%R'!0.74511'4-'0!@'352'!325/!-?'!R'?.4,'a7!742''1!-5!-?'!%00.-.51%,!/50+,'! X9W:!:CGFPY!53!-?'!.1-'23%4'S!'1-2Q!6 52-! eU1` S!TfC)
!!!!!!!! !
[5TS!4511'4-!-?'!7/%,,!4511'4-52!325/!eU1`)+%3&<f!XJMP!4%@,'!Z"'%Y(!
!
!
!
!
!
"L!
!
O5!-?'!%00.-.51%,!/50+,'!.16+-!eXW)U1`fC!
!!!!!!!!!!! !!!!
!
O?'1S!4511'4-!%1Q!53!-?'!K!4511'4-527!53!UR`>)+%3&<!-5!-?'!eL_WZ)!=Lf)4511'4-52!652-!53!-?'!%00.-.51%,!/50+,'! X9W:!:CGFPY(!
!!!!! !!!
!
O?'1!4511'4-!-?'!<!6.1!4511'4-52!53!-?'!XWb1c)+%3&<)S)XOCWMb!4%@,'!Z"'%Y!-5!-?'!eXWb1cf!4511'4-52!652-!53!-?'!
%00.-.51%,!/50+,'!X9W:!:CGFPY(!
!!!!!!!!!!!!! !!!
!
!
!
!
!
!
""!
!
9''!-?'!%00.-.51%,!/50+,'!./%&'!X9W:!:CGFPY!T.-?!%,,!-?'!4511'4-.517!051'^!
!
O?'!%00.-.51%,!/50+,'!?%7!-5!@'!6,%4'0!@'?.10!-?'!R'?.4,'!52.&.1%,!742''1(![5T!4511'4-!-5!-?'!/+,-./'0.%!.1-'23%4'! 4511'4-.51!652-!eU1`)WbXf!-?'!eUR`>)+%3&<f!XJ=P9!4%@,'!Z"' %Y!-?%-!T'!?%0!4511'4-'0!@'352'!-5!-?' !eL_WZ )!=Lf) 4511'4-.51!652-!53!-?'!%00.-.51%,!/50+,'!X9W:!:CGFPY(!
!! !
!
[5T!T'!%2'!&5.1&!-5!62'6%2'!-?'!eXWb1c)>1_aaTf!-5!-?'!52.&.1%,!R'?.4,'!742''1(!!
W1742'T!-?'!<!742'T7!53!-?'!742''1a7!/'-%,!32%/'(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
) ) ) ) )
!
"K!
!
1&<%")$6<)#+/<<")5'$6)%)"("S%3/%#'N<)+&<%"</)%"*)%)0'+/(,'3</)+&($69)$6<"9)'00<*'%$<&4)2&%+<)$6<)$(. +6 )#+/<<")
2%"<&C)
!!
$,%4'!-?'!-5+4?!742''1!%@5R'S!%10!742'T!%&%.1!-?'!742'T7!-?%-!Q5+!?%R'!2'/5R'0!%!@'352'(!`WTMX!!-.&?-'1!-55!/+4?!
-?'!742'T7!@'4%+7'!4(.)+(.&*)3/<%O)$6<)$(.+6)#+/<<"!52!0%/%&'!.-!%10!/%H'!.-!T52H!T251&!@'4%+7'!53!-?'!4'1-2%,! 62'77+2'(!M'1-'2!.-S!%10!/%H'!-?'!4511' 4 -.5 1!4 %@ ,' !53 !-?' !-5 + 4? !74 2' '1 !6 %7 7!+ 10 ' 2!-? ' !32%/'(!
!
TWXa^!95/'!53!-?'!-5+4?!742''1!.1452652%-'!%!625-'4-.51!3.,/S!2'/5R'!.-!@'352'(!
[5TS!N5.1!-?'!-5+4?!742''1!<VT.2'!4%@,'!-5!-?'!'10!53!-?'!X(.+6)+%3&<!T.-?!%!@25T1!-%@!.1!-?'!'10!-?%-!T'!?%0! 4511'4-'0!-5!-?'!eXWb1cf!4511'4-.51!652-!53!-?'!%00.-.51%,!/50+,'!X9W:!:CGFPY(!J.H'!.7!7?5T1!.1!-?'!./%&'(!
!
TWXaP)*%H'!7+2'!-?%-!-?'!<VT.2'!X&5,0'1!/'-%,,.4!6%2-Y!.7!2.&?-!4511'4-'0!-5!-?'!<!/'-%,,.4!6.1!53!-?'!@25T1 !-%6! 4511'4-52!@'352'!Q5+!4,57'!.-(!
!
")!
!
[5TS!4511'4-!-?'!eU1`)+%3&<f!XJMP!4%@,'!Z"'%Y!@.&!4511'4-52!-5!-?'!4511'4-.51!652-!-?%-!Q5+!4%1!3.1 0!@' ? .10 !-?'!
52.&.1%,!R'?.4,'!742''1(!!
!!!!!!!!!!! !
[5T!6,%4'!-?'!%00.-.51%,!/50+,'!X9W:!:CGFPY!@'?.10!-?'!742''1a7!?5,'!%10!3.;!-?'!742''1!-5!-?'!0%7?@5%20(!
!
[5TS!T'!%2'!&5.1&!-5!4511'4-!-?'!eUR`>)+%3&<f!XJ=P9!4%@,'!Z"'%Y!-?%-!T'!?%R' !451 1 '4-' 0!-5 !-?'!%0 0 .-.51 %,!/ 50 + ,'! X9W:!:CGFPY!652-!eL_WZ)!=Lf)-5!-?'!/+,-./'0.%!.1-'23%4'!652-))eU1`)WbXfC!! ! !
! ! !
! !
! ! !
! ! !
! ! !
! !
!
"<!
!
DC8C IWVa_)+(""<+$(/)+%3&<#)%"*)+(""<+$'("#P)
)
TWXaP)X6<)#.22&4)+(""<+$'(")0.#$)%&5%4#)3<)$6<)&%#$)#$<2)'")$6<)'"#$%&&%$'(")2/(+<##C))
)
711!#!M511'4-!-5!jBDR)!-"'$'("!
HT`!#!M511'4-!-5!-?'!R'?.4,'a7!H/(."*!65.1-!
HI!WSkWP)ZZ!!#![5!3+14-.51!
!_!#!!M511'4-!-?'!c!_)+%3&<f!V!XUF!4%@,'!X<$YZ"'% Y!
IJBD)[TC1^)#![5!3+14-.51!
ZW`aP)X(--&<)>=V!#!M511'4-!eZW`a)+%3&<f)V!X*CPE!4%@,'!Z"'%Y!
WIXD)[TC1^)#![5!3+14-.51!
_a7_!#!M511'4-!-5!%!7.&1%,!325/!2'%2!,.&?-!@+,@!.3!Q5+!T%1-!-5!.17-%,,!%!2'%2!R.'T!4%/ '2% !
I7_l!TH)[>7La^)#!M511'4-.51!4%@,'!e(2$'("%&f!-5!-?'!R'?.4,'a7!?%10!@2'%H!XM511'4-.1&!-?.7!4%@,'S!T?'1!Q5+!
2'/5R'!-?'!R'?.4,'!?%10!@2'%HS!Q5+ !T .,,!7-56!7' '.1& !-?'!.1-' 23%4 '!./ %& '7!Xc9 '4+ 2.-Q!/ 5 0' dY!O=!]FEE!C]]!
!_ST7R!)#![5!3+14-.51)
!_S7RB)[`R`^)#!M511'4-.51!4%@,'!-5!-?'!cUF!451-25,d!4%@,'!325/!-?'!/+,-./'0.%!0'R.4'!4511 '4-' 0!-5 !-?'!_17)
7RB!'1-2Q!53!-?'!/+,-./'0.%!.1-'23%4'S!-5!'1%@,'!?.7!5T1!451-25,7!+7.1&!-?'!-5+4?!742''1![(2$'("%&^)
!_S7RD)[`ZJ^)#!M511'4-.51!4%@,'!-5!-?'!cUF!451-25,d!4%@,'!53!-?'!/+,-./'0.%!0'R.4'!4511'4-'0!-5!-?'!_17) 7RD!'1-2Q!53!-?'!/+,-./'0.%!.1-'23%4'S!-5!'1%@,'!?.7!5T1!451-25,7!+7.1&!-?'!-5+4?!742''1![(2$'("%&^!!
17T)c)#)M%@,'!352!-?'!MG[!b!U135-%.1/'1-!4511'4-.51!X52%1&'VR.5,'-S!F%0.5!52!4,./%-'!6%1',Y!
17T)U)#)M%@,'!352!-?'!MG[!J!U135-%.1/'1-!4511'4-.51!X52%1&'V@25T1S!F%0.5!5!4,./%-'!6%1',Y!
_HJ)#!M511'4-!-?'!_HJ)WbX!4511'4-52!53!-?'!8$9!:5;!4%@,'7!
7bmSWT)[TC1^)K![5!3+14-.51!
TWXaP)O?'!/%1+3%4-+2'2!/%Q!4?%1&'!-?'!6.17!%10!45,527!?'2'!7?5T1S!6,'%7'!4?'4H!'R'2Q!4511'4-.51!%10!4%@,'! @'352'!6254''0!-5!.17-%,,(!!"#.&%$<)$6<)+%3&<#)$6% $)5("M$)3<).#<*C)
)
)
)
!
">!
!
DC:C 7,$</0%/O<$)/<%/)+%0</%)+(""<+$'("P))
O5!4511'4-!%1!%3-'2/%2H'-!4%/'2%!X15-!52.&.1%,YS!Q5+!?%R'!-5!4511'4-!-5 !-? ' !.1-'23%4'!/+,-./'0.%!e_S17Zf!652-S!-?'! e17Zf!4511'4-52!-?%-!?%7!K!4%@,'7S!%!2'0!51'!%10!%!@,%4H!51'(!O?'!2'0!51'!T.,,!7+66,Q!-?'!4%/!e"K=S!%10!-?'!@,%4H! 51'!-5!%!&25+10(!U3!Q5+!05!-?.7!T%QS!-?'!/+,-./'0.%!.1- '23 %4 '!T .,,!7 +6 6 ,Q !!65T'2!-5!%1Q!4%/'2%!-?%-!Q5+!4511'4-(!!$)'#) N</4)'02(/$%"$!-5!05!-?.7!4511'4-.51S!@'4%+7'!.3!Q5+!051a-!6254''0!-?.7!T%QS!4%/'2%!T51a-!T52H(!f5+!%,75!7?5+,0!
4511'4-!-?'!_17)N'*<()(,)$6<)+%0</%!-5!-?'!FMG!4511'4-52!e_a7_)1f!%10!%,75!-?'!e_a7_f!4%@,'!-5!%!7.&1%,!325/! 2'%2!,.&?-!@+,@!.3!Q5+!T%1-!-5!.17-%,,!%!2'%2!R.'T!4%/ '2% (!!!!!!
Ra_Y)!ZIW_X7TXP)U3!Q5+!051a-!4511'4-!-?')f_a7_f)+%3&<)-5!-?'!7.&1%,!325/!-?'!2'%2!,.&?-S!-?'!cMG*d!4 5 1 1 ' 4 -52! T51a-!7+66,Q!65T'2!-5!-?'!4%/'2%S!75!-?'!4%/'2%!T51a-!T52H(!
)
P51a-!352&'-!-5!%0N+7-!-?'!`!I)>5'$+6)F!53!-?'!/+,-./'0.%!.1-'23%4'!514'!%,,!4511'4-.517!?%R'!@''1!051'^!
`!I)>5'$+6)F)K)a"%3&<=*'#%3&<)%,$</0%/O<$)/<%/)+%0</%)(/)WaZ)
PU$!>5'$+6!B)b2!#!'1%@,'!CE*!4%/'2%!_!T.-?5+-!%3-'2/%2H'-!2'%2!4%/'2%!
PU$!>5'$+6!B)`(5"!#!'1%@,'!-?'!%3-'2/%2H'-!4%/'2%!
!
)
O?')/<%/)-<%/)#'-"%&)0.#$"M$)2%##)$6/(.-6)%"4)3(A)[L'&$</)Lb>a)JWm^)75S!Q5+)0.#$)+.$)$6<)+%3&<#)+(""<+$<*)$()$6<) ,'&$</),.#<)3(A)'"+(0'"-),/(0)$6<)/<%/)-<%/)#'-"% &)%10!-?'!5+-6+-!325/!-?.7() )
]5,,5T!-?'!.10.4%-.517!@',5T^!
) S)_<%/)-<%/)3.&3)#'-"%&)Sn)!"2.$)"()@G:@)_<&%4) S)BDj)'-"'$'(")Sn)!"2.$)@Eg@)_<&%4) S)H/(."*)Sn)!"2.$)@G?@)_<&%4) S)_<&%4M#)(.$2.$)[X()$6<)Z.&$'0<*'%)'"$</,%+<)-/<4)+%3&<^)Sn)!"2.$)@GF@)_<&%4) )
)
7$$<"$'("o)"<5)7.*')+%/#)0(*<&)4<%/),/(0)DgBB)$()"(5%*%4#9)/<%/)&'-6$)#'-"%&)"<<*#)$()'"#$%&&)%) /<&%4)$(),'&$</)#'-"%&)2.&#<#C)I&<%#<)2%4)%$$<"$'(")$()$6<)'",(/0%$'(")3<&(5C)!!
!
"A!
!
DC?C HI>)J(A)'"#$%&&%$'(")%"*)+(""<+$'("#P)
) )
)
HI>P))7"$<""%)HI>!4511'4-.51!652-)
b>JP))b>J)*<N'+<#)4511'4-.51!652-)
IWVa_)p)`7X7P)1(""<+$'(")%"*)#.22&4)+%3&<#)4511'4-.51!652-))
_a>aXP)$2'77!-?.7!@+--51!-5!2'7'-!8$9!:5;!-5!0'3%+,-!3%4-52Q!7'--.1&7)
_HJ)K)7R^!9T.-4?'2!-5!7T.-4?!@'-T''1!R.0'5!/50'7S!F8:!52!45/657.-'!R. 0 ' 5 )
IV_P!JEP!,.&?-!-?%-!.10.4%-'7!.3!8$9!:5;!.7!T52H.1&)
17P)[5!3+14-.51)
>`P)>`)+%/*)4511'4-.51!652-)[Z%2#9)Z.&$'0<*'%q^)
)
! HI>)%"$<""%P)
)
M511'4-!-5!-?'!8$9!%1-'11%!652-!53!-?'!.1-'23%4'!8$9!:5;!
! c'**<")0'+/(26("<)#2<+','+),(/)&(+%$<)%$)(N</6<%*)+(./$<#4)&'-6$#)2%"<&P)
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
M511'4-!-5!-?'!)(>!g%4H!4511'4-52!X&2''1Y!53!-?'!+(""<+$'(")+%3&<#)%"*)2(5</)#.22&4'"-!53!-?'!8$9!:5;![',)5<)%/<)
-('"-)$().#<)'$^C)
)
!
"B!
!
! b>J)<A$<"#'(")+%3&<P)!
!
M511'4-!-5!-?'!W9:!652-!.1-'23%4'!8$9!:5;!53!-?'!!
! HI>)J(A)IWVa_)+%3&<P)
)
M511'4-!-5!-?'!.1-'23%4'!8$9!:5;!IWVa_)p)`7X7)652-!.1-'23%4'!8$9!:5;!
! _17)%"*)r%+O)+(""<+$(/#P)
! !
V6'$<!M51'4-52^!7b`!W)U)WbX9)4511'4-)-5!-?'!,'3-!7.0'!%+0.5!U[!53)$6<)N('+<)0(*.&<))
_<*!M51'4-52^!7b`!W)_)WbX9)4511'4-)-5!-?'!2.&?-!7.0'!%+0.5!U[!53)$6<)N('+<)0(*.&<)
H/<<"!M51'4-52^!H/<<"!Z!19)N%4H))(>//!4511'4-.51!352!/.4256?51'![',)'$M#)-('"-)$()3<).#<*^)
Y<&&(5)M51'4-52^)R!`aW)WbX9!8$9!:5;!R.0'5!5+-!4511'4-.51![',)_HJ)WbX)'#)"($)3<'"-).#<*^)
J&%+O!M51'4-52^!!_9![5!3+14-.51!
!
8$9!:5;!/+7-!@'!%44'77.@,'!-5!@'!%@,'!-5!4511'4-!-?'!9P!4%20S!-?'!6,%4'/'1-!51!-?'!%+-5!&,5R'! 45/6%2-/'1-!.-a7!5HS!?5,0'0!@Q!05+@,'!3%4'!-%6'!52!T.-?!6,%7-.4!3,%1&'7S!T.,,!@'!'15+&?S!Q5+!%,75!?%R'!-5! /%H'!%!?5,'!X0.%/'-'2!53!%@5+-!KL//Y!51!-?'!@%4H!53!-?'!&,5R'!45/6%2-/'1-!-5!6%77!-?'!8$9!:5;!4%@,'7!
-?25+&?!.-(!
!
! !
!
!
"`!
!
! _HJ)WbX)%"*)XWb1c)>1_aaT)+(""<+$(/#P)
)
)
_HJ)WbXP)M511'4-!-5!-?'!e_HJf!652-!53!-?'!/+,-./'0.%!.1-'23%4'!IWVa_!4511'4-52!
XWb1c)>1_aaTP)M511'4-!-5!-?'!/+,-./'0.%!.1-'23%4'!eX(.+6)+%3&<f)K)X<!T.2'Y)XOCWMb!CWO!4%@,'!Z"'% Y!
*%H'!7+2'!-?%-!Q5+!%2'!05.1&!4522'4-,Q!-?'!4511'4-.51!325/!-?'!8$9!:5;!cOCWMb!9MFEE[d!4%@,'!-5!-?'!/+,-./'0.%! .1-'23%4'!cO5+4?!4%@,'d!XOCWMb!C WO !4% @,'!Z "' %Y(!
! IWVa_)+%3&<#9)#2<%O</)%"*)0.$<P)
)
)
TWXaP)X6<)IWVa_)+(""<+$'(")%&5%4#)0.#$)3<)$6<)&%#$)#$<2)'")'"#$%&&%$'("C)
:,%4H!4%@,'^)HT`9)4511'4-!-5!-?'!R'?.4,'a7!/%77!XQ5+!/+7-!5<&*S!051h-!@2%.0Y)
F'0!4%@,'^)7119)4511'4-!51)e"K=!GMM)'-"'$'("!
f',,5T!4%@,'^)J7XXj9)4511'4-!51)e"K=!GMM)'-"'$'("!
D?.-'_@,+'!4%@,'^)>Ia7la_9)X96'%H'2!4511'4-.51S!56-.51%,Y!
82''1!4%@,'P)7b`!W)1WTX9!X*+-'S!56-.51%,Y!
! !
! ! !
! ! !
! !
!
!
"I!
!
DCFC R('+<)0(*.&<)'"#$%&&%$'(")%"*)+(""<+$'("#P)
)
! R('+<)0(*.&<P)
,'-CB)))))))))))) ,'-CD)))))))))) ,'-CE)
=5.4'!*50+,'!T.-?!%!Ua`)U'-6$)$6%$)'"*'+%$<#)$6%$)'#)5(/O'"-!X3.&(!"YS!;.%*&(+O)+%3&<)+(""<+$'("!652-!X3.&(KYS!g%4H! 4511'4-.51!652-!352!-?'!7.*'()+%3&<)+(""<+$'("!%10!R5,+/'!2'&+,%-52!X3.&()Y!
TWXaP!=5.4'!/50+,'!352!-?'!%+0.5!7.&1%,!-5!-?'!N<6'+&<M#),/("$)#2<%O</#)
! 7.*'()+(""<+$'(")+%3&<),/(0)$6<)N('+<)0(*.&<P)
)
U17'2-!-5!-?'!R5.4'!/50+,'!-?'!3&%+O)d%+O)EC:!$42<!4511'4-52S!4511'4-!-?'!56'$<)%"*)$6<)/<*!FMG!4511'4-527!-5!-?'! _17)7b`!W)U)WbX!%10!7b`!W)_)WbX!4511'4-527!325/!-?'!cHI>)J(A)IWVa_)5'/'"-)6%/"<##f)X2'0!-5!2'0S!T?.-'!-5!
T?.-'Y(!
! R('+<)0(*.&<);.%*&(+O)I&.-)%"*)I&%4)6%/"<##P)
!
M511'4-!-?'!3'/%,'!i+%0,54H!4511'4-52!53!-?'!R('+<)0(*.&<);.%*&(+O)I&.-)%"*)I&%4)6%/"<##9)-5!-?'!/%,'! i+%0,54H!4511'4-52!53!-?'!R'?.4,'!X514'!Q5+!?%R'!2'/5R'0!R'?.4,'a7!2%0.5YS!4511'4-!-?')R('+<)0(*.&<);.%*&(+O)
I&.-)%"*)I&%4)6%/"<##)/%,'!4511'4-52!-5!-?'!N<6'+&<M#)I(5</!U[!4511'4-.51()!!
1(""<+$)$6<)BD)2'")V6'$<)+(""<+$(/!-5!-?'!=5.4'!/50+,'!i+%0,54H!4%@,'!4511'4-.51!652-!%10!4511'4-!-?'!Q',,5T! ,557'!4%@,'!-5)%)jBDR)711)'-"'$'(")#(./+<C!
)
TWXaP)X6<)IWVa_)+(""<+$'(")%&5%4#)0.#$)3<)$6<)&%#$)#$<2)'")'"#$%&&%$'("C)
!
KL!
!
DCGC U'"O'"-).2)$6<)'"$</,%+<)HI>)J(A)%"*)$6<)0.&$'0<*'%)'"$</,%+<P)
O5!4511'4-!-?'!.1-'23%4'!HI>)J(A!-5!-?'!/+,-./'0.%!.1-'23%4'S!Q5+!/+7-!45 11 '4 -!-?'!eX(.+6 )+%3&<f)[8S5'/<^) +(""<+$(/!V!XOCWMb!CWO!4% @,' !Z"' %YS!-5!-?'!eXWb1cf!4511'4-.51!652-!53!-?'!/+,-./'0.%!.1-'23%4'S!15T!T'!%2'!
&5.1&!-5!4511'4-!-?'!2'/%.1.1&!4511'4-52!-5!-?'!8$9!:5;!4511'4-52!XXWb1c)>1_aaT!4%@,'Y(!!
!
C14'!Q5+!?%R'!051'!%,,!4511'4-.517!4522'4-,QS!Q5+!4%1!4511'4-!%,,!-?'!65T'2!4%@,'7!53!-?'!0.33'2'1-!45/651'1-!%10! 0'R.4'7!-?%-!T.,,!@'!+7'0![%&5%4#)5'$6)$6<)N<6'+&<)#$(22< * 9)%" *)5'$6)$6<)'-"'$'(")O<4)(.$)(,)'$#)2(/$^S!-?'1 S!451 1' 4-! %&%.1!-?'!4511'4-527!-?%-!Q5+!?%0!2'/5R'0!325/!-?'!2%0.5S!%10!6,%4'!-?'!2%0.5!51!.-7!52.&.1%,!657.-.51S!7-%2-!-?'! R'?.4,'!-5!4?'4H!.3!2%0.5!T52H7!6256'2,Q(!O?'1!T'!%2'!&5.1&!-5!6254''0!-5!4513.&+2'!-?'!7Q7-'/!352!.-7!-+1'!+6(!!!
X<+6"'+%&)#2<+','+%$'("#)HI>)J(AP!
T%N'-%$'(")Z%2#))
9P!M%20!X.-!7+6652-7!9PbMS!/%;("A8:Y!
W>))
DU[ME!A(L!MCFE!
7.*'()L(/0%$#))
*$)_$M*_D*G!
R'*<()L(/0%$#)
/6</6'&/6&%73T/R/5R%R.)&6)&KT/0.R;/HR5&/TR;/6R!
b>J)
"A8:!
!
!
!
!
!
!
!
!
!
!
K"!
!
EC HI>)J(A)1(",'-./%$'(")K)>4#$<0)1(",'-./%$'("P)) ECBC 1%&'3/%$'"-)$(.+6)%"*)#<$$'"-)$6<)'0%-<P)
D?'1!7-%2-.1&!-?'!R'?.4,'S!.-!T.,,!%66'%2!51!.-7!742''1S!-?'!CE*!52.&.1%,!/'1+!./%&'^!!
!
`("M$)'"#</$)$6<)>`)1%/*)0%2)4<$9)$+7?!@2.'3,Q!-?'!-5+4?!742''1!52!6+7?!ZW`a!@+--51!53!-?'!7-''2.1&!T?'',!,(/)D)
#<+C!-5!'1-'2!T7R!!/50'S!942''1a7!./%&'!T.,,!4?%1&'!%10!.-a7!&5.1&!-5!7?5T!T7R!)0(*<)[HI>)J(A^!./%&'S!T%.-!75/'!
7'45107S!+1-.,!%66'%27!4%,.@2%-.51!./%&'^)
!
$+7?!-?.7!4+2752!ced!51!-?'!-5+4?!742''1S!514'!6+7?'0!-?'!e!4+2752S!.-!T.,,!4?%1&'!.-7!657.-.51S!6+7?!.-!.1!'R'2Q!j51'!53!
-?'!742''1!T?'2'!.-!%66'%27!+1-.,!Q5+!2'4'.R'!cCkd!/'77%&'S!%-!-?.7!T%Q!Q5+ !T.,,!?%R '!4%,.@2% -'0 !7+44 '773+ ,,Q!-?'!
-5+4?!742''1!&67!3+14-.51S!.3!.-!05'71a-!%66' % 27!c Ckd!/'77%&'S!Q5+!/ + 7-!2 '6 ' % -!-?.7!625 4' 77!%&% .1(!C14'!Q5+!?%R'! 051'!-?'!4%,.@2%-.51!6254'77!.-!T.,,!%66'%2!-?.7!/'77%&'!cW1%@,'!-5!3.10!1%R.&%-.51!753-T%2'dS!6+7?!51!-?.7!/'77%&'!
-5!5/.-!.-(!
!
X6<")4(.)0.#$)+(",'-C)$6<)0.&$'0<*'%)'"$</,%+<9)6+7?!-?'!Z<".)@+--51!53!-?'!/+,-./'0.%!.1-'23%4'a7!2'/5-'! 451-25,!-5!'1-'2!-5!-?'!3%#'+)#<$$'"-#)0<".9)+7')52!53!-?'!2'/5-'!451-25,!-5!/5R'!-5!W>`!%10!6+7?!Wl9)15T! 6+7?!Wl!51!U7THb7Ha9)+7')52!@+--517!53!-?'!2'/5-'!451-25,!-5!7','4-!-?'!E1&,.7?!,%1&+%&'S!%10!6+7?!Wl -5!
4513.2/!Q5+2!7','4-.51S!-?'1!6+7?!-?'!Z<".!@+--51!53!-?'!2'/5-'!451-25,!+1-.,!-?'!@%7.4!7'--.1&7!/'1+!0.7%66'%27(!
!
[5TS!6+7?!-?'!
◀@+--51!352!>!7'45107!-5!'1-'2!-5!-?'!.1-'23%4'!%0R%14' 0!7 ' --.1 & 7!/'1+!52!6+7?!-?'!35,,5T.1&!
@+--51!45/@.1%-.51^!ZaTbC)!
!
!
!
KK!
!
*5R'!-?'!7','4-52!-5!bX!U9!+7.1&!52!@+--517!53!-?'!2'/5-'!451-25,)%10!6+7?)Wl9)6+7?)Wl)%&%.1!51!XWb1c)
17U!J_7X!WTS!7','4-!!Ya>!56-.51!@Q!-?'!52!2'/5-'!451-25,!@+--517!%10!6+7?!WlC!)
)
C14'!-?'!Wl!@+--51!.7!6+7?'0S!.-!T.,,!%66'%2!-?'!/'77%&'!e17U!J_7X!WTf!.1!-?'!4'1-'2!53!-?'!742''1 S!-? ' 1S!7 42' ' 1 ! T.,,!7?5T!%!T?.-'!T%,,6%6'2!T.-?!%!42577!7?%6'!4+2752!.1!-?'!4'1-'2(!
$+7?!-?.7!4+2752!352!%2/(A'0%$$<&4)D)#<+C!.1!-?'!-5+4?!742''1S!5 1 4' !-? ' !4+ 27 5 2!l el !.7 !6+ 7 ? '0 !.- !T .,,!4 ?% 1 & '!.- 7!6 5 7 .-.5 1 S! 6+7?!.-!.1!%,,!-?'!742''1!j51'7!T?'2'!.-!%66'%27!+1-.,!Q5+!2'4'.R'!-?'!/'77%&'!e>b11a>fS!-?.7!T%Q!Q5+!T.,,!?%R' ! 4%,.@2%-'0!7+44'773+,,Q!-?'!-5+4?!742''1S!.3!T?.,'!Q5+!%2'!05.1&!-?'!4%,.@2%-.51!6254'77!%66'%27!-?'!/'77%&'!eL7!UfS! Q5+!/+7-!2'6'%-!-?'!6254'77!%&%.1(!
!!!! !
G-!-?.7!T%QS!Q5+!?%R'!4513.&+2'0!-?'!.1-'23%4'!/+,-./'0.%!-5!@'!%@,'!$()+6%"-<)$6<)0(*<)34)$(. +6'" -S!.1![G=U! /50'S!6(&*)(")2.#6'"-)$6<)$(.+6)#+/<<")+1-.,!%66'%27!-?'!$(.+6)0(*<)0<".P!)
!
$+7?!51!-?'!WaZ)$(.+6)#+/<<")3.$$("!-5!'1-'2!-5!-?'!52.&.1%,!R'?.4,'!CE*h7!R.0'5!/50'S!!-5!&5!@%4H!-5!T7R!!/50'! 325/!-?'!WaZ!/50'!6+7?!@2.'3,Q!-?'!-5+4?!742''1(! !
[5T!Q5+!T.,,!?%R'!-5!%0N+7-!-?'!742''1a7!./%&'!657.-.51S!6+7?!51!-?'!e><$$'"-#f!@+--51S!-?'1!6+7?!51!-?'!e>+/<<"f) @+--51S!%10!3.1%,,Q!51!-?'!e7d.#$)2(#'$'("f!@+--51S!-?.7!T%Q!T'!T.,,!'1-'2!-5 !-?'!742' '1 a7!7'--.1&!/'1+S!%0N+7-!.-!+7.1&!
-?'!/'1+!@+--517(!f5+!4%1!%,75!+7' !-?' !e7*d.#$)>'i<f!@+--51!-5!%0N+7-!'R'1!/52'!-?'!742''1h7!./%&'(!!
!
!
!
!
!
K)!
!
O?'!0'3%+,-!7'--.1&7!53!-?'!e7d.#$)>'i<f!/'1+!.7!-?'!1';-!51'^!c(/'i("$%&):)p)R</$'+%&)F!
!
C14'!Q5+!?%R'!%0N+7-'0!./%&'S!Q5+!?%R'!-5!4%,m@2%-'!-?'!-5+4?!742''1!%&%.1S!6+7?!51!e><$$'"-#fS!-?'1!6+7?!51! eX(.+6)>+/<<"fS!%10!2'6'%-!-?' !7- ' 6 7!35 2!4%,.@ 2%-.5 1!6254'77!/'1-.51'0!@'352'(!
!
TWXaP!F'/'/@'2!-5!*()%-%'")%)+%&'3/%$'(")(,)$6<)$(.+6)#+/<<"!%3-'2!%0N+7-.1&!-?'!./%&'!51!-?'!742''1(!!
ER'1!.3!Q5+!05!-?.7!4?%1&'7!%10!Q5+!4%1a-!%0N+7-!-?'!./%&'!%7!/+4?!%7!Q5+!T%1-S!Q5+!4%1!+7'!-?'!0.&$'0<*'%) '"$</,%+<!./%&'!7'--.1&! /'1+(!
[5T!6+7?!-?'!◀@+--51!53!-?'!0.&$'0<*'%)'"$</,%+<!/<0($<)+("$/(&!352!:)#<+( "*#!-5!'1-'2!-5!-?'!%*N%"+<*)
#<$$'"-#)0<".S!-?.7!./%&'!T.,,!@ ' !7? 5 T 1 ^!)
!
W7'!52!@+--517 53!-?'!2'/5-'!451-25,!-5!7','4-)!Z7Ha!.1!-?'!/' 1 + S!% 1 0 !6 + 7 ? !Ck!-5!'1-'2(![5T!+7'!52! @+--517 53!-?'!2'/5-'!451-25,!-5!7','4-!@'-T''1!-?'!cSIW>!X!WT)Xb52.j51-%,!657.-.51Y!%10!RSIW>!X!WT!X='2-.4%,!
657.-.51YS!514'!Q5+!?%R'!'1-'2'0!-5!51'!53!-?'!56-.517S!%0N+7-!.-!@Q!+7.1&!-?'! 52! @+--517 53!-?'!2'/5-'!451-25,S! 6+7?!Wl!-5!4513.2/(!
!
$+7?!ZaTb!@+--51!53!-?'!2'/5-'!451-25,!+1-.,!-?'!%0R%14'0!/'1+!7'--.1&7!53!-?'!/+,-./'0.%!.1-'23%4'!0.7%66'%27! 325/!-?'!742''1(!!
F'/'/@'2!-5!05!%&%.1!%!-5+4?!4%,.@2%-.51!%3-'2!%0N+7-.1&!-?'!742''1a7!./%&'(!
[5T!Q5+!4%1!.17'2-!-?'!0%2#)>`)1%/*!-5!-?'!89$!:5;(!
!
!
K<!
!
!!
ECDC _a>aXP)
U3!Q5+!_a>aX!-?'!8$9!:5;!52!-?'!/+,-./'0 .%!.1-' 23%4' S!2'6'% -!%&% .1!-?' !7-'6 7!325/ ! -? '!+6%2$</)ECBS!/%Q@'S!T?'1!Q5+! 6'2352/!%!_a>aX!51!.-S!-?'!,%1&+%&'!53!-?'!8$9!:5;!45+,0!@'!4?%1&'0S!35,,5T!-?'!1';-!7-'67!-5!4513.&(!.-!%&%.1!-5!Q5+2!
0'7.2'0!,%1&+%&'^!!
*%H'!%!-5+4?!4%,.@2%-.51!53!-?'!8$9!:5;!35,,5T.1&!-?'!7-'67!0'742.@'0!@'352'S!15T!6+7?!-?'!e><$$'"-#f!@+--51S!-?'1! 6+7?!-?'!eb#.%&)><$.2f!@+--51!%10!7','4-!-?'!,%1&+%&'!-?%-!Q5+!62'3'2(!
!
TWXaP)U3!Q5+!4?%1&'!-?'!657.-.51!53!-?'!_HJ)$()7R)>5'$+6),/(0)$6<)HI>)J(A)['")_HJ)*<,%.&$)2(#'$'("^).-!T.,,)_a>aX9)
-?'1!35,,5T!-?'!7-'67!0'742.@'0!@'352'!-5 !%0N+ 7-!-?'!7Q 7-'/ !%& %.1(!
ECEC Z%2#)>`)+%/*)%"*)HI>)#'-"%&P)
C14'!Q5+!?%R'!.17'2-!-?'!Z%2#)>`)+%/*S!T'!?%R'!-5!7'-+6!-?'!25+-'!53!-?'!<A<+.$%3&<),'&<)[C<A<^S!35,,5T!-?'!1';-! 7-'67^!
$+7?!51!><$$'"-#S!-?'1!.1!T%N'-%$<)><$.29!+14?'4H!-?'!%+-5!.1.-.%,.-j%-.51!753-T%2'!56-.51S!%10!6+7?!51!-?'!35,0'2!
.451(!
!
C14'!Q5+!?%R'!62'77'0!-?'!35,0'2!.451S!Q5+!/+7-!7'%24?!352!-?'!C<A<),'&<)(,)$6<)>`)+%/*S!+7'!-?'!/'1+!%225T7!-5! /5R'!-?25+&?!.-S!%10!6+7?!Wl!@+--51!-5!4513.2/!Q5+!7','4-.51S!514'!Q5+!?%R'!051'!-?.7!%4-.51S!.-!T.,,!%66'%2!-?'! 7','4-'0!25+-'S!-?'1!6+7?!-?'!m!.1!-?'!2.&?-!-56!4 52 1' 2!5 3!- ? '!7 42 '' 1 !-5 !& 5 !@ %4 H!- 5 !-? '!Z%'"!Z<".!53!-?'!8$9!:5;!
!! !!!
C14'!Q5+!%2'!.1!-?'!Z%'"!Z<".!6+7?!51!-?'!T%N'-%$'("!.451!-5!%44'77!-5!-?'!9P!4%20!/%67 !
!
!
K>!
!
!
EC8C 16<+O'"-)$6<)HI>P)
I</,(/0)$6<#<)#$<2#)(")%)#2%+<)5'$6)-((*)HI>)/<+<2$'("))
`("s$)$/4)$()2</,(/0)$6<)#$<2#)5'$6)$6<)N<6'+&<)'"#'*<)(,)%)3.'&*'"-)(/)%)-%/%-<)
`'#+(""<+$)$6<)HI>)J(A)%"$<""%)
U1!-?'!/%.1!/'1n !6 + 7 ? !5 1 !><$$'"-#!)
$+7?!51!`7XW>)HI>)
$+7?!51!$6<)$6'/*)'0%-<)#$%/$'"-)%$)$6<)$(2![-/%26)3 %/^!)
T(5)+(""<+$)$6<)HI>)%"$<""%)
J55H!?5T!/%1Q!@%27!2.7'!T?'1!Q5+!?%R'!4511'4-'0!-?'!%1-'11%!XT%.-!352!75/'!-./'Y!325/!)!-5!>!@%27!.7!%!
152/%,!2'4'6-.51S!325/!B!-5!`!.-a7!%1!';4',,'1-!2'4'6-.51!
U3!@%27!051a-!2.7'S!-2Q!451 1 ' 4 -.1&!!%15-?'2!8$9!%1-'11%S!.-!/%Q!@'!-?%-!-?'!4511'4-'0!51'!.71a-!T52H.1&! 6256'2,Q(!
U3!Q5+!?%R'!-2.'0!0.33'2' 1 - !%1 - '1 1%7S!%10!-?'!7Q7-'/!.7!7 -.,,!1 5-!T52H.1&S!.-!/%Q!@'!-?%-!-?'!625@,'/!.7!-?'! .1-'23%4'!8$9!:5;! !
U3!Q5+!2'4'.R'!8$9!7.&1%,!T.-?!-?'!%1-'11%!4511'4-'0!%,$</)*('"-)$6<)2/<N'(.#)#$<2#9!35,,5T!-?'!1';-!7-'67^!
85!@%4H!-5!-?'!8$9!:5;!Z%'")Z<".!
E1-'2!-5!T%N'-%$'("S!514'!Q5+!%2'!.1!-?'!T%N'-%$'(")Z<".S!6+7?!51!-?'!><$$'"-#!@+--51!
$+7?!-?'!@+--51!T.-?!%1!%225T!51!.-S!-?%-!.7!.1!-?'!2.&?-!@5--5/!53!-?'!742''1!!
$+7?!51!HI>!
W14?'4H!-?'!eHI>)7+$'N<f!@5;!
$+7?!51!7.$(C)`<$<+C)%"*)5%'$),(/)$6<),'"%&)(,)$6<)2/(+<##!
O?'!152/%,!4?%11',7!-?%-!/%Q!%66'%2!%2'^!2(/$)D)=)1%.*)J%.*)EG8gg)%"*=)(/)2(/$)g=)1%.)J%.*)t?gg!
[5TS!&5!@%4H!-5!-?'!1%R.&%-.51!/'1+!%10!6+7?!51!Z%2!
$+7?!51!%1!%"$<""%!./%&'!X%1-'11%!%10!R' ? .4 ,'Y!.1 !- ?' !@ 5 -- 5 / !,' 3- !6% 2- !53 !-? ' !/ % 6 a7!7 42 '' 1 !!
$+7?!51!8$9S!%10!5%'$),(/)$6<)"<+<##%/4)$'0<)."$'&)$6<)#4#$<0)/<+<'N<#)$6<)#%$<&&'$<)#'-"%&)C!
U3!.1!-?'!eI/<+'#'u"f!@5;S!-?'!62'4.7.51!.7!/.0V?.&?S!-?'1!-?'2'!.7!%!&550!8$9!2'4'6-.51!%10!-?'!7Q7-'/!T52H7!
6256'2,Q!
!
!
!
!
!
!
!
!
!
!
KA!
!
!
8C L7;M>=>(&N'"-)2/(3&<0#P)
)
BC vV64)*()!)+%"M$)+6%"-<)$6<)'"$</,%+<)0(*<w)
)
M?'4H!.3!-?'!UF!4%@,'!.7!4511'4-'0!52!15-(!! !
M?'4H!.3!-?'!.1-'23%4'!/<*!Ua`)&'-6$!.7!7?.1.1&!52!15-(!U3!.-!.71a-!7?.1.1 & S!4?'4H!.3!-?'!eIWVa_f!4511'4-52!.7!
2.&?-!4511'4-'0(!
!
M?'4H!.3!17T!4511'4-.517!?%R'!@''1!051'!4522'4-,Q(! ! !
DC vV64)*(<#)04)#+/<<")#6(5).2)%&&)3&%+Ow)
)
M?'4H!.3!-?'!.1-'23%4'!-/<<")Ua`)&'-6$!.7!7?.1.1&!52!15-(!U3!.-!.71a-!7?.1.1&S!4? ' 4H !-? '!F 8:!4511'4-.517!53!-?' ! 0'R.4'7!4511'4-'0!-5!-?'!/+,-./'0.%!.1-'23%4'S!%10!4?'4H!-?%-!-?'7'!0'R.4'7!%2'!T52H.1&!6256'2,Q(! !!
M?'4H!-?%-!-?'!8$9!:5;!_HJ!4%@,'7!%2'!4522'4-,Q!4511'4-'0(!!
!
EC vV64)*()!)+%"M$)#<<)$6<)/<%/M#)+%0</%)'0%-<w)
)
M?'4H!-?'!657.-.51!53!-?'!`!I)>5'$+6)F9)4?'4H!%,,!-?'!4511'4-.517!325/!-?'!4%/'2%!-5!-?'!.1-'23%4'^!e_a7_) 1f9)e_S17Zf9)e17Zf)4)e_a7_f!
)
8C vV64)*()!)6%N<)$()2%##)$6/(.-6)%&&)$6<)'"$</,%+<M#)0(*<#)."$'&)!)-<$)$6<)("<)!)5%"$w!
!
M?'4H!-?%-!Q5+!?%R'!0.7%@,'0!-?'!'1-2.'7!53!-?'!/+,-./'0.%!0'R.4'7!-?%-!Q5+!%2'!15-!&5.1&!-5!+7'S!657.-.51.1&! 4522'4-,Q!-?'!4522'76510.1&!PU$!$U[9!53!-?'!.1-'23%4' (!!
!
:C vV64)*()!)+%"M$)#<<)04)N<6'+&<)#+/<<"s#)(/'-'"%&)'0%-<w) ))
M?'4H!.3!-?'!4%@,'7!53!-?'!52.&.1%,!742''1!53!-?'!R'?.4,'!%2'!4522'4-,Q!4511'4-'0(!
Loading...