docWstęp Sprzedaż „Lasu Kabaty" (Lasu Kabackiego) w 1938 r.
download 
Reklamacja Transkrypt
Wstęp Sprzedaż „Lasu Kabaty" (Lasu Kabackiego) w 1938 r.
!"#$%&'&'%()* "&+)%,%-&%#.$/$ !)%01$&$&'%)'2#'%/$%&"(,
t. 4
2013
!"#$%&'()%*$+,
!"#$%&$'# (!)%*+,-".$'/%#)",0!1 2 (!)%-)"2*3)!1%
&%4"#",$5#/2%406",#$7 ,*7&)"%
#$%+,-/38$.-)"%&)5$# &*3)"9%#)",0!1 2 (!)%-)"2*3)"9
"#$%&
"' ()()*+#,-.' /0$-123*' ,4#$/+*' &45+%$/' &067/' 48*(-' &45#$/9' &0/9(-8:' )' &048*520-'#&0,*5/;-'()*028:4.4<8)',)*.#1)8:'9'=*(*0/3(-.'=27*0(/$40#$9)*'>==?'90/,'
,'/(/3),@'9&)#69'45,9)*08)*53/+@8-8:'$0/(#/18+%'9'1#)%A/8:'9)*8,-#$-8:')')8:'48*(@'&45'
1@$*.' 47*8(*A4' #$/$2#2' &0/9(*A4' ()*028:4.4<8)' 9' 14($*1<8)*' &4547(-8:' $0/(#/18+)'
,'&0,*5'9-728:2'BB'94+(-'<9)/$49*+C'
D4'/(/3),-'&4#$/9)4(*A4',/A/5()*()/'9-140,-#$/3)<.-'+/14'&0,-1E/5'$0/(#/18+*'
#&0,*5/;-' (/3*;@8-8:' 54' 9)3/(49#1)*+' ()*028:4.4<8)' ,)*.#1)*+' FG/#2' H/7/$-I' >G/#2'
H/7/81)*A4?'9'JKLM'0C')'47#,/02'3*<(*A4'F'G/#1)'N40169I'9'JK O'0C'"-760'$-8:'$0/(#/18+)'9-()1/','P/1$2Q');'#@'5470,*'25412.*($49/(*')'./+@'9)*3*'9#&63(-8:'8*8:C'N-E-'$4'
()*028:4.4<8)'4'8:/0/1$*0,*'3*<(-.Q'(/3*;@8*'54'5670'")3/(69C'R/069(4'9'&)*09#,-.Q'
+/1')'502A).'&0,-&/512')8:'#&0,*5/;'7-E/'#12$1)*.',4749)@,/S'T5/./':0C'N0/()81)*A4'
947*8'$*A4'#/.*A4'9)*0,-8)*3/'U'V/S#$949*A4'N/(12'W43(*A4'>'VNW'?C'
X&0,*5/;'FG/#2'H/7/$-I'>G/#2'H/7/81)*A4?'9'JKLM'0C
D()/'YJ'A025()/'JKLM'0C'&0,*5'X$/()#E/9*.'Z:.)*3*9#1).Q',/#$%&8@'(4$/0)2#,/'
Z,*#E/9/' X9)0#1)*A4' &0,-'"-5,)/E/8:' [)&4$*8,(-8:' X@52' \10%A49*A4' 9'"/0#,/9)*'
,4#$/E' #&40,@5,4(-' /1$' 12&(/]#&0,*5/;-' &4.)%5,-'T5/.*.' N0/()81).' /' =.)(@' .)/#$/'#$4E*8,(*A4'"/0#,/9-JC'T5/.'N0/()81)'#&0,*5/E'.)/#$2'"/0#,/9/',/3*#)4(-'47#,/0'
A02($2'&45'(/,9@'FG/#'H/7/$-I'>G/#2'H/7/81)*A4?',*'#1E/52'20*A2349/(-8:'9'$*+'1#)%5,*'5670C'G/#'H/7/81)'4'&49)*0,8:()'KJK':/C'90/,','8/E149)$-.'50,*94#$/(*.Q'725493/.)')'20,@5,*()/.)',4#$/E'#&0,*5/(-',/'8*(%'#,/82(149@'LC Y^'$-#C',EC'N0/()81)',A45()*'
,'/1$*.'(4$/0)/3(-.'9'A4$698*'4$0,-./E' Y^'$-#C',EQ'/'&4,4#$/E*'L'.3(',E'473)A/8+/.)'
^_'&4;-8,1)'473)A/8-+(*+'.)/#$/'#$4E*8,(*A4'"/0#,/9-','JKLM'0C'\73)A/8+*',4#$/E-'&0,-+%$*' +/14' A4$49),(/' 9' )8:' 9/0$4<8)' (4.)(/3(*+C' "' ,9)@,12' ,' $-.' &)*094$(/' 9/0$4<`'
A4$691)'54'9-&E/$-'9-(4#,@8/' Y^'$-#C',E',4#$/E/'&4.()*+#,4(/'4'LLC!^O',EC')'9-()4#E/'
9'A4$698*'LKJCY^O',EC'"#,-#$1)*'473)A/8+*'^_'&4;-8,1)'473)A/8-+(*+'.)/#$/'#$4E*8,(*A4'
"/0#,/9-','JKLM'0C'(/'E@8,(@'#2.%'(4.)(/3(@'L'.3(',E'T5/.'N0/()81)'&0,*1/,/E'9)*0,-J
'
'T1$'(4$/0)/3(-Q'0*&*0$40)2.'(0'LYYYC
!
!"#$%&'()%*$+,(
8)*349)':)&4$*8,(*.2'V/S#$949*.2'N/(149)'W43(*.2'(/'8,%<8)49*'&410-8)*'#94+*A4'
,/5E2;*()/C' \57)60' 473)A/8+)' &419)$49/3)' a/0)/(' b/#$0,%7#1)' 9)8*5-0*1$40' )' X$/()#E/9'
G))'5,)/E/+@8-'9').)*()2')'(/'0,*8,'V/S#$949*A4'N/(12'W43(*A4'(/',/#/5,)*'cL')'c!'
#$/$2$2'$*A4;'7/(12'40/,',A45()*','(4.)(/8+/.)'4AE4#,4(-.)'9'a4()$40,*'V43#1).'(0'
!','JKY!'0C')'(0'YOO','JKL!'0C'V/S#$949-'N/(1'W43(-'473)A/8+*'&0,-+@E'54'04,3)8,*()/'&4'
120#)*'K^',/'JOOC'
T7-'.4AE4'54+<`'54'$0/(#/18+)'#&0,*5/;-'FG/#2'H/7/$-I'47#,/0'$*('.2#)/E',4#$/`',943()4(-'45'478)@;*S')'45&49)*5,)/3(4<8)'40/,'4#$0,*;*S'dA202+@8-8:'9'5,)/3*'9-1/,2':)&4$*8,(*A4'1#)%A)'5670'")3/(69Q'/'T5/.'N0/()81)'.2#)/E'4$0,-./`',A45%'e0,%52'
"4+*965,1)*A4'"/0#,/9#1)*A4'(/'#&0,*5/;'3/#2C'
e0*A2349/(*'9'$*+'1#)%5,*'(/3*;@8*'54'T5/./'N0/()81)*A4'5470/'")3/(69'478)@;/E-'5E2A)'(/'0,*8,'V/S#$949*A4'N/(12'W43(*A4'9'5,)/3*'Bf'9-1/,2':)&4$*8,(*A4'$*+'
1#)%A)',/7*,&)*8,4(*'9'#&4#67'(/#$%&2+@8-g'1/28+/'9'1948)*' COJJCLOO',E'9',E48)*Q',/&)#/(/'&45'(0'hi'1/28+/'9'1948)*'LCJJKCKOO',E'9',E48)*Q',/&)#/(/'&45'(0'Mi'1/28+/'9'1948)*'
MKJC OO',E'9',E48)*'&45'(0'Ki'1/28+/'9'1948)*'L'.3(',E'9',E48)*',/7*,&)*8,4(*'&45'(0'
JhC'a/0)/('b/#$0,%7#1)')'X$/()#E/9'G))'9').)*()2'V/S#$949*A4'N/(12'W43(*A4'8/E-'
#&0,*5/9/(-' 47#,/0' ,943()3)' 45' 478)@;*()/' )' 45&49)*5,)/3(4<8)C' V4547()*' ,943()*()/'
47#,/02'FG/#'H/7/$-I'45'478)@;*S','20*A2349/(-8:'9'$*+'1#)%5,*'5670'5414(/Eg'X1/07'
V/S#$9/Q'N/(1'R/8:45()'X&6E1/'T18-+(/Q'j49/0,-#$94'H0*5-$49*'R)*.#1)*C'
V45'(2.*0*.'Y '5,)/E2'BBB'1#)%A)'5670'")3/(69',/&)#/(*'7-E4'4#$0,*;*()*Q';*'
94+*945/'9/0#,/9#1)'5*8-,+@','5()/'JJ'90,*<()/'JKL '0C'(/'&45#$/9)*'/0$-12E69'JQ'LQ'J^'
)'Jh'04,&40,@5,*()/'V0*,-5*($/'W,*8,-&4#&43)$*+','YM'&/k5,)*0()1/'JKLL'0CY'&4#$/(49)E'
9#,8,@`' &4#$%&49/()*' 9' 8*32' &0,*+%8)/' (/' 9E/#(4<`' V/S#$9/' A02($69' 20*A2349/(-8:'
9'1#)%5,*'()()*+#,*+C'N0/()81)',E4;-E'9'/18)*'(4$/0)/3(-.'9-+/<()*()*Q';*',A45()*',',/E@8,4(-.'&45'(0'LY'54',7)4069',/<9)/58,*()*.'e0,%52'"4+*965,1)*A4'"/0#,/9#1)*A4'
"-5,)/E'W43()8$9/')'W*P40.'W43(-8:','YO'A025()/'JKLM'0C'e0,@5'"4+*965,1)'9-0/,)E'
,A45%'(/',943()*()*'$*0*(69'G/#2'H/7/81)*A4'#&45'9-;*+'9-.)*()4(*A4'4#$0,*;*()/'
&45'9/02(1)*.'9&E/8*()/'194$-'^'$-#C',E'(/3*;(*+'X1/0749)'V/S#$9/C'"',9)@,12','$-.Q'
;*'9/02(*1'e0,%52'"4+*965,1)*A4',4#$/E'#&*E()4(-Q'$*0*('G/#2'H/7/81)*A4',4#$/E',943()4(-'#&45'9-;*+'9-.)*()4(*A4'4#$0,*;*()/C
V4(/5$4Q'54',7)402'5494569'1#)%A)'5670'")3/(69'&45'(0'L^',4#$/E4',/E@8,4(*'
&)#.4'e0,%52'"4+*965,1)*A4'"/0#,/9#1)*A4','J!'90,*<()/'JKLM'0C'V)#.4'$4'7-E4'54945*.Q';*'()*'#$4+@'(/'&0,*#,145,)*'()()*+#,*+'#&0,*5/;-'&0,*&)#-'04,&40,@5,*()/'V0*,-5*($/'W,*8,-&4#&43)$*+','Y!'8,*098/'JKY!'0C'4'48:04()*'3/#69'()*#$/(49)@8-8:'9E/#(4<8)'
V/S#$9/L.
Y
L
'
'
'D,)*(()1'e#$/9'WV'>'D,C'eC'WV'?'JKLLQ'(0'M^Q'&4,C'h^MC
'D,C'eC'WV'JKY!Q'(0'JJJQ'&4,C'KLYC
M
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
W*A23/8+*'&0/9(*'54$-8,@8*'#&0,*5/;-'()*028:4.4<8)',)*.#1)8:'
9'V43#8*'.)%5,-94+*((*+
=E69(*' 0/.-' 4704$2' ()*028:4.4<8)/.)' ,)*.#1).)' 9' V43#8*' .)%5,-94+*((*+'
,4#$/E-' 20*A2349/(*' +2;' (/' &48,@$12' )#$()*()/' 45045,4(*A4' &/S#$9/C' RA45()*' ,' /0$C' J'
04,&40,@5,*()/'$-.8,/#49*A4'W/5-'a)()#$069','J'90,*<()/'JKJK'0C'(40.2+@8-.'&0,*(4#,*()*'9E/#(4<8)'()*028:4.4<8)',)*.#1)8: 'F*-#'.(#(/"0+1!+$!+1!*(/"&'&('%&$1#23!(
1!+"*34#-#23!(0!+-$,!34('.-&5&67(89&($'+6('&:1#23!(/#/"0+81!+5#(0+0'#9+1!&('%&80.(
/&;$<'#'+6IC' R.)/(-' $-$2E2' 9E/#(4<8)' 5414(/(*' ,' &4.)()%8)*.' 327' ()*,A45()*' ,' 5*8-,+@'9E/<8)9*+'9E/5,-'7-E-'()*9/;(*^C'e5,)*3/()*',*,943*S'(/3*;/E4'54'410%A49-8:'
20,%569',)*.#1)8:hC'"'32$-.'JKLY'54#,E4'54'&4E@8,*()/'a)()#$*0#$9/'W*P40.'W43(-8:'
,'a)()#$*0#$9*.'W43()8$9/')'D670'V/S#$949-8:'9'+*5(4'a)()#$*0#$94'W43()8$9/')'W*P40.'W43(-8:C'"-()1)*.'$*A4'7-E4'9*+<8)*'9';-8)*'2#$/9-','Y!'./08/'JKLY'0C'9'#&0/9)*'
5,)/E/()/'a)()#$*0#$9/'W*P40.'W43(-8:')'40A/(),/8+)'20,%569',)*.#1)8:C'RA45()*','()@'
1)*049/()*'410%A49-.'20,%5*.',)*.#1).'&49)*0,4(*',4#$/E4'94+*945,)*!C'l/#$%&()*'
(/'&45#$/9)*'&/k5,)*0()149*A4'>JKLL?'04,&40,@5,*()/'V0*,-5*($/'W,*8,-&4#&43)$*+M od
&48,@$12'JKL '0C'2&0/9()*()/')'4749)@,1)'410%A49-8:'20,%569',)*.#1)8:',4#$/E-'&0,*+%$*'&0,*,'9-5,)/E-'043()8$9/'20,%569'94+*965,1)8:C'l/$4.)/#$'P2(18+*'&49)/$49-8:'
20,%569' ,)*.#1)8:' &49)*0,4(4' 0*P*0/$4.' 043()8$9/' &0,-' #$/04#$9/8:C' H4.&*$*(8+*'
410%A49-8:'14.)#+)',)*.#1)8:'&0,*1/,/(4'(4942$940,4(-.'94+*965,1).'14.)#+4.'
,)*.#1).Q'53/'1$60-8:'9E/5,@'4594E/98,@'7-E/'=E69(/'H4.)#+/'R)*.#1/'9'"/0#,/9)*C'
R'5()*.'9*+<8)/'9';-8)*'04,&40,@5,*()/'U'J'#$-8,()/'JKL '0C'9-.)*()4(*'9'&4#,8,*A63(-8:' 2#$/9/8:' )' 04,&40,@5,*()/8:' 2&0/9()*()/' )' 4749)@,1)' &0,*#,E-g' 410%A49-8:' 14.)#+)' ,)*.#1)8:' U' (/' 94+*965,1)*' 14.)#+*' ,)*.#1)*i' 410%A49-8:' 20,%569' ,)*.#1)8:'
)' &0*,*#69' 410%A49-8:' 20,%569' ,)*.#1)8:' U' (/' 94+*94569i' &49)/$49-8:' 20,%569'
,)*.#1)8:Q'14.)#/0,-',)*.#1)8:Q'&4514.)#/0,-',)*.#1)8:'40/,'5*3*A/$69'410%A49-8:'
20,%569',)*.#1)8:'U'(/'#$/04#$69K.
V4(/5$4','&0,*&)#69'&0/9(-8:'0*A232+@8-8:'4706$'()*028:4.4<8)/.)',)*.#1).)'
9'&0,-&/512'#&0,*5/;-'G/#2'H/7/81)*A4Q'+/1'9-()1/','/1$2'(4$/0)/3(*A4'.)/E-',/#$4#49/()*'545/$149*'04,&40,@5,*()/g'4'48:04()*'3/#69'()*#$/(49)@8-8:'9E/#(4<8)'V/S#$9/'
40/,'4'&0,*+.49/()2'(/'9E/#(4<`'V/S#$9/'A02($69',/'()*1$60*'(/3*;(4<8)'&)*()%;(*C'
' RA45()*' ,' /0$C' LJ' 04,&40,@5,*()/' V0*,-5*($/' W,*8,-&4#&43)$*+' ,' Y!' 8,*098/'
JKY!'0C'4'48:04()*'3/#69'()*#$/(49)@8-8:'9E/#(4<8)'V/S#$9/JO'54',/10*#2'5,)/E/()/'94+*945-'(/3*;/E4g'
/?' $/"&'.(0-!&1.("#80&6*(*:.<,#'&1!&(5"*1<='(9+21.34('(9&$&34(#(#>$0&"0+(
'!?,$0.-(1!:(@A(4&B
'
'
h
'
!
'
M
'
K
'
'D,C'eC'WV'JKJKQ'(0'!LQ'&4,C' YMC
'B7)5CQ'/0$C'MC
'B7)5CQ'/0$C'KC
'D,C'eC'WV'JKLYQ'(0'JKQ'&4,C'JYKC
D,C'eC'WV'JKLLQ'(0'M^Q'&4,C'hL^C'
'D,C'eC'WV'JKLLQ'(0'M^Q'&4,C'hL^Q'/0$C'J C
JO
' 'D,C'eC'WV'JKY!Q'(0'JJJQ'&4,C'KLYC
^
K
!"#$%&'()%*$+,(
7?' 0&<'!+"80&1!+( /9&1='( *"0780+1!&( 5#$/#8&"$<'&( 9+21+5#( 9*>( /"#5"&-='(
5#$/#8&"30.34('(9&$&34(#>3!7:#1.34($%*:+>1#23!&-!C(,<=".34(#>$0&"(/"0+D
,"&30&(@A(4&(#"&0('(9&$&34C(1!+#>3!7:#1.34($%*:+>1#23!&-!C(,<=".34(#>$0&"(
/"0+,"&30&('!+9,#2EC(#,"+29#17(/"0+0( !1!$<"&(F#91!3<'&(!(F+G#"-(F#91.34(
'('.,#1&1!*(/#$<&1#'!+;(&"<H(IIB
8?' *80!+9+1!+( 1&( 0&$&80!+( &"<H( IJ( 0+0'#9+;( 1&( '."7>( '( 9&$&34( #,"+29#1.34(
'(/,<H(>(1!1!+6$0+5#(&"<.,*%*B
5?' *80!+9+1!+(0+0'#9+;(1&(80!+9+1!+(9&$='(!(5"*1<='(9+21.34(K(&"<H(LM(N
*?' *01&'&1!+(9&$='(0&(#34"#11+C(#8+6-#'&1!+(!-(<+5#(34&"&,<+"*(#"&0('.8&D
'&1!+(0&"0780+;(3#(8#($<#$#'&1!&($030+5=91.34(/"0+/!$='(#(0&5#$/#8&"#D
'&1!*(9&$='(K(&"<H(LODLJNB
P?' 1&(#>$0&"0+(80!&%&1!&(*$<&'.(#(#"5&1!0&36!(0!+-$,!+6('%#23!&1(K(P>H(/"H(3+$H(
"#$H(<#-(QR(#$#>H(8#8H(,$H(QR('.8H(ISLM("HN('.8&'&1+('($<#$*1,*(8#(#>3!7:#D
1.34($%*:+>1#23!&-!(9&$='C(,<=".34(/#'!+"0341!&(/"0+,"&30&(@A(4&C(8+3.06!(
'($/"&'&34C('.-!+1!#1.34('(&"<H(MA(/,<H(,(*$<H(LB
A?' 1&( #>$0&"0+( 80!&%&1!&( *$<&'.( 9&$#'+6( $( 81!&( M( 5"*81!&( IT@L( "H( K( 80H( *H( /H(
&*$<"H(1"(L@AN('.8&'&1!+(#"0+30+;C(0&"0780+;C(#/&"<.34(1&(/"0+/!$&34(*$<H(
I(U(S(!(*$<H(L(U(LJ(<+6(*$<&'..
l/$4.)/#$'9-.)*()/(*'9'/18)*'(4$/0)/3(-.'/0$-12E-g'JQ'LQ'J^')'Jh'04,&40,@5,*()/'V0*,-5*($/'W,*8,-&4#&43)$*+','YM'&/k5,)*0()1/'JKLL'0C'4'&0,*+.49/()2'(/'9E/#(4<`'
V/S#$9/'A02($69',/'()*1$60*'(/3*;(4<8)'&)*()%;(*Q'#$/(49)E-Q';*g','()*028:4.4<8)',)*.#1)8:'478)@;4(-8:',/3*AE-.)'(/3*;(4<8)/.)','$-$2E2'&45/$169Q'5/()('&273)8,(-8:Q',/069(4'&/S#$949-8:'+/1')'#/.40,@549-8:Q'7%5@'&0,*+.49/(*'(/'9E/#(4<`'V/S#$9/'A02($-'
,/' 8)@;@8*' (/' $-8:' ()*028:4.4<8)/8:' &45/$1)Q' 5/()(-' &273)8,(*C' D*8-,+*' 4' 9#,8,%8)2'
&4#$%&49/()/'9'8*32'&0,*+%8)/'A02($69'9-5/9/E'94+*945/'(/'9()4#*1'),7-'#1/0749*+C'
D*8-,+*'$*'7-E-'4#$/$*8,(*C'l/'&45#$/9)*'5*8-,+)'94+*945-'4'9#,8,%8)2'&4#$%&49/()/'
9' 1#)%5,*' :)&4$*8,(*+' ()*028:4.4<8)' 9&)#-9/(4' 4#$0,*;*()*' ,' #12$1)*.Q' F'( 8&9$0.-(
/#$<?/#'&1!*(*'059?81!#1.(>?80!+(<&,!($<&1(/"&'1.(1!+"*34#-#23!C(6&,!(!$<1!&%('(34'!9!(
'/!$&1!&(#$<"0+:+1!&IJJ.
l/'14()*8'(/3*;-'9#&4.()*`'4',/0,@5,*()2'a)()#$0/'W43()8$9/')'W*P40.'W43(-8:' JL' 3)&8/' JKLM' 0C' 9' #&0/9)*' #$4#49/()/' &0,*&)#69' 54$-8,@8-8:' &/08*3/8-+(*A4'
)',9-1E*A4'4704$2',)*.)@JYC'a)()#$*0'28:-3)E'4163()1','5()/'JL'90,*<()/'JKLY'0C'9'#&0/9)*'2E/$9)*S'9'47048)*',)*.)@JLC'\163()1'$*('9&049/5,/E'3)7*0/3),/8+%'()*1$60-8:',/#/5'
2#$/9-','5()/'YM'A025()/'JKY^'0C'4'9-14(/()2'0*P40.-'043(*+')'&0,*&)#69'(40.2+@8-8:'
,9-1E-'4706$',)*.)@Q',*'9,A3%52'(/'10-,-#'A4#&45/08,-C'\5'3)&8/'JKLM'0C'4749)@,2+@8*'
9' $-.' 8,/#)*' &0,*&)#-' 54$-8,@8*' &/08*3/8-+(*A4' )' ,9-1E*A4' 4704$2' ,)*.)@' .)/E-' 7-`'
<8)<3*'&0,*#$0,*A/(*C
JJ
' 'D,C'eC'WV'JKLLQ'(0'M^Q'&4,C'h^MC
' 'D,)*(()1'e0,%549-'a)()#$*0#$9/'W43()8$9/')'W*P40.'W43(-8:'>D,C'eC'aC'WC')'WC'WC'?'JKLMQ'(0'KQ'
&4,C'h Q'#C'LLKC
JL
' 'D,C'eC'aC'WC')'WC'WC'JKLYQ'(0'LQ'#C'YhOC'
JY
^O
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
X&0,*5/;'47#,/02'3*<(*A4'FG/#1)'N40169I'9'JK O'0C
D()/'JO'A025()/'JK O'0C'&0,*5'"/3*0-.'W4./(*.Q'(4$/0)2#,*.'&0,-'"-5,)/E/8:'
[)&4$*8,(-8:'X@52'\10%A49*A4'9'"/0#,/9)*',4#$/E'#&40,@5,4(-'/1$'12&(/'U'#&0,*5/;-'&4.)%5,-'T5/.*.'N0/()81).'/'Z,*#E/9*.'H/5*(/8-.Q'5-0*1$40*.'9/0#,/9#1)*A4'
455,)/E2'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(-.'=27*0(/$40#$9)*Q')'a/0)/(*.'b/#$0,%7#1).Q'9)8*5-0*1$40*.'$*A4;'7/(12C'T5/.'N0/()81)'8*3*.'8,%<8)49*+'#&E/$-',/5E2;*()/'9'V/S#$949-.'N/(12'W43(-.Q',/7*,&)*8,4(*A4'1/28+/.)',/&)#/(-.)'(/'5470/8:'
")3/(69'9'5,)/3*'Bf'&45'(2.*0/.)g'hQ'MQ'K')'JhQ'#&0,*5/9/E'V/S#$949*.2'N/(149)'
9'=*(*0/3(-.'=27*0(/$40#$9)*'470%7'3*<(-'410*<3/(-'+/14'FG/#1)IQ'&4E4;4(-'9'A.)(/8:'"/9*0')'m/3*()8/'9'&49C'9/0#,/9#1).'4'&49)*0,8:()'L^h':/C'\7#,/0'$*('#1E/5/E'
#)%','5968:'5,)/E69'A02($69g'5,)/E'A02($2'&45'(/,9@'FG/#'G/#1)'BI'4'&49)*0,8:()'LYM':/'
)'5,)/E2'A02($2'&45'(/,9@'FG/#1)'N40169I'4'&49)*0,8:()'Y!':/C'V49-;#,-'470%7'3*<(-'
FG/#1)I',4#$/E'#&0,*5/(-'90/,',',/72549/()/.)'3*<()8,691)')'A/+691)',/'Y'.3(',EC'Z*(/'
$/',/3)8,4(/'.)/E/',4#$/`'(/'&48,*$'5E2A2'N0/()81)*A4'947*8'VNW'&49#$/E*A4'&0,*5'J'
90,*<()/'JKLK'0CJ C'T7-'.4AE4'54+<`'54'#&0,*5/;-'470%7'3*<(-'.2#)/E'7-`'943(-'45',4749)@,/SC'j0,-'5()'98,*<()*+'&0,*5'"/3*0-.'W4./(*.',4#$/E',/9/0$-'/1$'>!'A025()/'JK O'
0C'(0'0*&*0$40)2.'JK L?Q'9'9-()12'1$60*A4g'N/(1'R/8:45()'./+@8-'#9*'9)*0,-$*3(4<8)'
,/7*,&)*8,4(*'9'5,)/3*'Bf'1#)%A)'5470/'")3/(69'&45'(2.*0/.)g'Y!Q'YMQ'YKQ'LO')'j49/0,-#$94'H0*5-$49*'R)*.#1)*Q'./+@8*',/7*,&)*8,4(*'#94+*'&4;-8,1)'&45'(0'h '9'5,)/3*'
BfQ'#$4#49()*'54'5*8-,+)',/9/0$*+'9'5*13/0/8+)'$*A4;'j49/0,-#$9/','JL'3)#$4&/5/'JK O'0C'
U',943()3)'#&0,*5/(-'47#,/0'45'$-8:'478)@;*S'(/'9/02(1/8:'9-.)*()4(-8:'9'(/5.)*()4(-.'/18)*')'5*13/0/8+)C'T5/.'N0/()81)')'V/S#$949-'N/(1'W43(-',4749)@,/3)'#)%'54'9-14(/()/'$-8:'9/02(169C'V4547()*'&4#$@&)3)'&0,*5#$/9)8)*3*'V/S#$949*A4'N/(12'W43(*A4'9'==Q'1$60,-'9').)*()2'7/(12'8/E-'#&0,*5/9/(-'47#,/0',943()3)'45'478)@;*()/'1/28+/.)Q',/&)#/(-.)'9'5,)/3*'Bf'&45'(2.*0/.)'hQ'MQ'KQ'Jh'9'194$/8:'9',E4$-8:'9',E48)*g'
COJJCLOOQ'LCJJKCKOOQ'MKJC OOQ'LCOOOCOOOC'V4(/5$4'&0,*5#$/9)8)*3*'VNW'4<9)/58,-3)Q');'
12&49/(-'47#,/0'+*#$'(/7-9/(-'53/'m2(52#,2'n.*0-$/3(*A4'V0/849()169'V/S#$949*A4'N/(12'W43(*A4J^C'l)*#&*E(/'59/'$-A45()*'&6k()*+'$0/(#/18+/'$/',4#$/E/',/(4$49/(/'
9'1#)%5,*'AE69(*+'m2(52#,2'n.*0-$/3(*A4'VNW','/5(4$/8+@g'FP&(1!+"*34#-#2E(V&$,!(
1&>.<7(#8(WH(4"H(X"&1!3,!+5#I')'&45/()*.'194$-'YCOOOCOOO',ECJhC'l/7-8)*'()*028:4.4<8)'
3/#2'G/#1)]N40169'&0,*,'m2(52#,'n.*0-$/3(-'9'JK O'0C'&4$9)*05,/'$/1;*'5-0*1$40'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(-.'=27*0(/$40#$9)*'X$/()#E/9'W)*5*3J!.
J
' 'T1$' (4$/0)/3(-Q' (0' 0*&*0$40)2.' JK^OC'T08:)92.'T1$' l49-8:' >TTl?Q' V/S#$949-' N/(1' W43(-'
>VNW?Q' #-A(C' JLoJQ' X&0/94,5/()*' FV/S#$949*A4' N/(12' W43(*A4I' ,/' 410*#' 45' J' 3)&8/' 54' LJ'
A025()/'JK J'0C','$*0*(2'=*(*0/3(*+'=27*0()Q'#C'^MC
J^
' 'T1$'(4$/0)/3(-Q'(0'0*&*0$40)2.'JK^OC
Jh
' 'TTlQ'VNWQ'#-A(C'JJ Q'D,)*(()1'U'H#)%A/'AE69(/'m2(52#,2'n.*0-$/3(*A4'V/S#$949*A4'N/(12'
W43(*A4Q'#C' JC
J!
' 'XC'W)*5*3Q'Y0!&%&91#2E(Z&;$<'#'+5#(X&1,*(F#91+5#('(/!+"'$0.34(9&<&34(#,*/&36!(4!<9+"#'$,!+6
Q'Fl/+(49#,*'D,)*+*'V43#1)C'a/$*0)/E-')'#$25)/','410*#2'BB'94+(-'<9)/$49*+I'JK^KQ'jCBBBQ'#C'K C'
aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(80!&%&;(Z&;$<'#'+5#(X&1,*(F#91+5#('([+1+"&91+6([*>+"1!(1&(
/"0.,%&80!+(<"&1$&,36!($/"0+8&:.(#>$0&"*(9+21+5#(V&$,!(\(X#",='(0(8=>"('!9&1#'$,!34('(ISOA("HQ'
H0/149#1)*'X$25)/'a/E4&43#1)*'YOJJQ'(0'JhQ'#C'JO!]JLLC
^J
!"#$%&'()%*$+,(
V45#$/9-'&0/9(*'4704$2',)*.)@'9'=*(*0/3(-.'=27*0(/$40#$9)*
[/(#'m0/(1'A*(*0/3(-'A27*0(/$40'53/'412&49/(-8:'&43#1)8:'47#,/069'(/'&45#$/9)*'c'^'2#$C'J'D*10*$2'Pp:0*0/')'1/(83*0,/'W,*#,-'l)*.)*81)*+'4'T5.)()#$0/8+)'412&49/(-8:'&43#1)8:'47#,/069','5()/'JY'&/k5,)*0()1/'JKLK'0CJM'9-5/E'Y!'./08/'JK O'0C'
04,&40,@5,*()* 4'47048)*'()*028:4.4<8)/.)'9'=*(*0/3(-.'=27*0(/$40#$9)*'>==?Q'1$60*'
7-E4'(/+9/;()*+#,-.'/1$*.'&0/9(-.'0*A232+@8-.'4706$',)*.)@'9'==C'RA45()*','().Q'
&0,*()*#)*()*' 9E/#(4<8)' 327' 478)@;*()*' ()*028:4.4<8)' 9' 5045,*' 8,-((4<8)' &0/9(-8:'
40/,' &0,*()*#)*()*' 327' 478)@;*()*' &0/9' 54' ()*028:4.4<8)' )' &0/9' (/' ()*028:4.4<8)/8:'
9'5045,*'8,-((4<8)'&0/9(-8:'.4AE4'#)%'457-9/`'9-E@8,()*'(/'&45#$/9)*',*,943*()/'
9E/5,' =*(*0/3(*A4' =27*0(/$40#$9/JKC' e&49/;()4(-.' 54' 25,)*3*()/' ,*,943*()/' ,4#$/E'
#$/04#$/' &49)/$49-' >' .)*+#1)?Q' 9' 1$60*A4' 410%A2' 7-E/' &4E4;4(/' ()*028:4.4<`YOC' D4'
5968:'$-A45()'&4',/9/08)2'8,-((4<8)'&0/9(*+'(/3*;/E4'9()*<`'&45/()*'4',*,943*()*'54'
9E/5,'25,)*3/+@8-8:',*,943*()*C'V45/()*'4',*,943*()*'.6AE'9()*<`'1/;5-Q'1$60-'29)/0-A45()E')($*0*#'&0/9(-YJC'"'&0,-&/512Q'A5-g'45.69)4(4',*,943*()/Q'9()*#)4(4'&45/()*'
4',*,943*()*'()*'(/'8,/#'40/,'9'0/,)*Q'A5-'()*'#&*E()4(4'327'()*'$*0.)(494'#&*E()4(4'
,/3*8*S'(/E4;4(-8:'&0,*,'20,@5',*,9/3/+@8-Q'&0,*()*#)*()*'9E/#(4<8)'327'478)@;*()*'()*028:4.4<8)'9'5045,*'8,-((4<8)'&0/9(-8:'40/,'&0,*()*#)*()*'327'478)@;*()*'&0/9'54'()*028:4.4<8)')'&0/9'(/'()*028:4.4<8)/8:'9'5045,*'8,-((4<8)'&0/9(-8:'7-E4'()*9/;(*YY.
Z,-3)'F]/!$(0-!&1.(/"&'1+6(/#89+5&673+6(#>#'!70,#'!(0+0'#9+1!&(1!+(-#:+(1&$<7/!E(8#(
,$!75(/*>9!301.34C(8#/=,!(1!+(-&(0+0'#9+1!&IYLC'"&)#-'5414(/(*','4.)()%8)*.'()()*+#,*A4'&0,*&)#2'7-E-'/(2349/(*'9'5045,*'20,%549*+Y C'W4,&40,@5,*()*'$4'9*#,E4'9';-8)*'
,'5()*.'J'19)*$()/'JK O'0C'
D,)*S'&4'9-5/()2'04,&40,@5,*()/'4'47048)*'()*028:4.4<8)/.)'9'=*(*0/3(-.'
=27*0(/$40#$9)*'9-#,E4'&)*09#,*'&4#$/(49)*()*'9-14(/98,*'54'()*A4Y^C'RA45()*','().Q'
20,@5',*,9/3/+@8-'(/'5414(/()*'/1$2'12&(/]#&0,*5/;-'()*028:4.4<8)'2;-9/(*+'9-E@8,()*'327'9'&0,*9/;/+@8*+'8,%<8)'54'8*369'043()8,-8:'327'4A045()8,-8:'7-E',.2#,4(-'54'
,/#)%A()%8)/'#$/(49)#1/'9'$*+'#&0/9)*'"-5,)/E2'"-;-9)*()/')'W43()8$9/'&0,-'20,%5,)*'
9E/<8)9*A4'X,*P/'\10%A49*A4C'"-5/()*',*,943*()/'&0,*,'#$/04#$%'&49)/$49*A4'7-E4'
.4;3)9*'$-314'&4'2,-#1/()2'/&047/$-'"-5,)/E2'"-;-9)*()/')'W43()8$9/YhC'"'&0,-&/512'
()*028:4.4<8)'2;-9/(*+'9-E@8,()*'327'9'&0,*9/;/+@8*+'8,%<8)'54'8*369'3*<(4]A4#&45/08,-8:'(/3*;/E4'2,-#1/`'/&047/$%'"-5,)/E2'G/#69Q'/'2;-9/(*+'7@5k'54'8*369'3*<(4]A4#&45/08,-8:'7@5k'54'8*369'043()8,-8:'327'4A045()8,-8:'14()*8,(/'7-E/'/&047/$/'"-JM
' 'D,)*(()1'e#$/9'W,*#,-'l)*.)*81)*+'B'#C'YO!!C
' 'f*0405(2(A#73/$$'5*#'=*(*0/3A42q*0(*2#'Pp0'5)*'7*#*$,$*('&43()#8:*('=*7)*$*'>f*0405(2(A#73/$$'
==V?'BQ'(0'YLQ'c'J'2#$C'J
YO
' 'B7)5CQ'c'YC
YJ
' 'B7)5CQ'c'LC
YY
' 'B7)5CQ'c'^C
YL
' 'B7)5CQ'c'!'2#$C'JC
Y
' 'B7)5CQ'c'!'2#$C'YC
Y^
' 'f*0405(2(A#73/$$'==V'BBQ'(0C'Y C
Yh
' 'B7)5CQ'c'JC
JK
^Y
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
5,)/E2'"-;-9)*()/')'W43()8$9/')'"-5,)/E2'G/#69Y!C'D*8-,+%'84'54'#&4#472'$0/1$49/()/'
()*028:4.4<8)Q' $,(C' 8,-' +*#$' 2;-9/(/' 9-E@8,()*' 327' 9' &0,*9/;/+@8*+' 8,%<8)' 54' 8*369'
3*<(4]A4#&45/08,-8:Q' 043()8,-8:' 8,-' $*;' 4A045()8,-8:' &45*+.49/E' 20,@5' ,*,9/3/+@8-'
>#$/04#$/'&49)/$49-?YM.
D4'#$/04#$-'&49)/$49*A4'4',/$9)*05,*()*'/1$2'#&0,*5/;-',90/8/3)'#)%'12&2+@8-C'
V45/()*',/9)*0/E4g'5/(*'#&0,*5/+@8*A4')'12&2+@8*A4Q'&49)*0,8:()%'5,)/E1)')'8*(%'#&0,*5/;-Q'4<9)/58,*()*Q';*'4#47-'#&0,*5/+@8*')'12&2+@8*'#@'&48:45,*()/'/0-+#1)*A4'40/,')(P40./8+%Q'9'+/1).'8*32'+*#$',/12&)4(/'5,)/E1/C'D4'&45/()/'54E@8,/(4'/1$'(4$/0)/3(-')'+*A4'
$E2./8,*()*'(/'+%,-1'()*.)*81)YK.
X$/04#$/'&0,*5'25,)*3*()*.',A45-'#&0/95,/EQ'8,-'()*'./'&0,*8)99#1/,/S'(/$20-'
&0/9(*+')'&43)$-8,(*+C'D4'96+$/'A.)(-Q'(/'$*0*()*'1$60*+'7-E/'&4E4;4(/'5,)/E1/Q'1)*049/E'
,/&-$/()*'9'19*#$))'&0/9)5E494<8)'14($0/1$2'#&0,*5/;-Q'&0,*945()8,@8*A4'Fq431#*5*2$#8:*('=*.*)(8:/P$I'&-$/E'4'(/#$/9)*()*'12&2+@8*A4'54'l)*.869Q'8,-'/7-'()*'+*#$'4('F'
(4$40)#8:*0'D*2$#8::/##*0IC'l/$4.)/#$'54'H0*)#3/(59)0$/'8,-'8*(/'$0/(#/18+)'()*'+*#$',/'
9-#41/LOQ'JY'19)*$()/'JK O'0C',4#$/E4'9-5/(*'04,&40,@5,*()*'9'#&0/9)*'0*A23/8+)'8*(C'
W4,&40,@5,*()*'$4'()*'.69)E4'9-0/k()*'(/'$*./$'0*A23/8+)'8*('&0,-'$0/(#/18+/8:'12&(/]#&0,*5/;-',)*.)C'"-5,)/E'FV0*)#p7*09/8:2(AI'&0,-'e0,%5,)*'X,*P/'\10%A2'"/0#,/9#1)*A4Q'7-E',5/()/Q';*'19*#$)%'8*(',)*.)'9'$-.'04,&40,@5,*()2'0*A232+*'cYQ'A5-;')#$()*+*'
<8)#E-',9)@,*1'&4.)%5,-'8*(/.)',)*.)'/'5,)*0;/9@',)*.)C'RA45()*','().'&45(4#,*()*'
8*(-'9-5,)*0;/9)/()/',)*.)'&4(/5'#$4#49/(*'LJ'#)*0&()/'JKLK'0C'7-E4',/1/,/(*C'N-E/'$4'
&45#$/9/'54'9()4#149/()/Q');'069()*;')'8*(-'&0,-'#&0,*5/;-',)*.)'()*'.4A@'7-`'9-;#,*'
45'$-8:Q'+/1)*'7-E-'#$4#49/(*'&0,*5'LJ'#)*0&()/'JKLK'0CLJC'"'#,8,*A63(-8:'&0,-&/51/8:'
7-E/'.4;3)94<`'45#$%&#$9/'45'0*A2E-LYC'Z*(/'.4AE/'7-`'&45()*#)4(4'4'LO_'9'#$4#2(12'
54'8*(-'&0,*594+*((*+C'N0/1'&0,*8)99#1/,/S'(/$20-'&0/9(4]&43)$-8,(*+Q'()*'7-E4'+*5(4,(/8,(*' ,' 9-5/()*.' ,A45-' &0,*,' #$/04#$%C' D*8-52+@8*' ,(/8,*()*' .)/E4' #$/(49)#14'
"-5,)/E2'"-;-9)*()/')'W43()8$9/Q'1$60*'9-0/;/E4'/&047/$%'327'45./9)/E4',*,943*()/'
(/'9-5/()*',A45-'&0,*,'#$/04#$%'&49)/$49*A4LL.
Y!
' 'B7)5CQ'c'YQ'LC
' 'B7)5CQ'c' C
YK
' 'T08:)92.'V/S#$949*'.C'#$C'"/0#,/9-'>'TV'"/0#,/9-?Q'X$/04#$94'V49)/$49*'9'=06+82Q'#-A(C'
J !Q'V45/()*'a/0))'V/3)A)'54'#$/04#$-'&49)/$49*A4'9'=06+82','h'./+/'JK O'0CQ'#C'J'U'Yi'"()4#*1'
n.)3))'D474#,'54'#$/04#$-'&49)/$49*A4'9'=06+82','YY'#)*0&()/'JK O'0CQ'#C'JhC
LO
' 'TV'"/0#,/9-Q'X$/04#$94'V49)/$49*'9'=06+82Q'#-A(C'JOLQ'V)#.4'#$/04#$-'A06+*81)*A4','JY'A025()/'
JK O'0CQ'#C'^hi'V)#.4'54'#$/04#$9/'&49)/$49*A4'9'=06+82','YO'A025()/'JK O'0CQ'#C'^!i'V)#.4'G*)$*0/'
5*0'5*2$#8:*('=*.*)(#8:/P$'9'=60,*'H/39/0)/','JY'A025()/'JK O'0CQ'#C'hOC
LJ
' 'TV'"/0#,/9-Q' e0,@5' X,*P/' \10%A2'"/0#,/9#1)*A4Q' #-A(C' JJ!Q' W2(5#8:0*)7*(' 5*#' X8:*P#' 5*#'
D)#$0)81$#'"/0#8:/2'T7$*)32(A'V0*)#p7*09/8:2(A','Y '8,*098/'JK O'0CQ'#C'JC
LY
' 'TV'"/0#,/9-Q' e0,@5' X,*P/' \10%A2'"/0#,/9#1)*A4Q' #-A(C' JJ!Q' W2(5#8:0*)7*(' 5*#' X8:*P#' 5*#'
D)#$0)81$#'"/0#8:/2'T7$*)32(A'V0*)#p7*09/8:2(A','Y '8,*098/'JK O'0CQ'#C'YC
LL
' 'TV'"/0#,/9-Q' X$/04#$94' V49)/$49*' 9' =06+82Q' #-A(C' J !Q' X$/(49)#14'"-5,)/E2'"-;-9)*()/'
)'W43()8$9/'#,*P/'410%A2'9/0#,/9#1)*A4','JK'#)*0&()/'JK O'0CQ'#C'Y!C
YM
^L
!"#$%&'()%*$+,(
X$/$2#'P40./3(4]&0/9(-'V/S#$949*A4'N/(12'W43(*A4'
9'=*(*0/3(-.'=27*0(/$40#$9)*
\'#$/$2#)*'P40./3(4]&0/9(-.'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(-.'=27*0(/$40#$9)*'(/,-9/(-.'&0,*,'l)*.869'U'X$//$3)8:*'TA0/07/(1',/5*8-549/E-'04,&40,@5,*()/'=*(*0/3(*A4'=27*0(/$40/'[/(#/'m0/(1/','5()/'J^'3)#$4&/5/'JKLK'0C'4'14(d#1/8)*'./+@$12'&/S#$9/'&43#1)*A4'(/'47#,/0,*'=*(*0/3(*A4'=27*0(/$40#$9/L '40/,','5()/'Y '
90,*<()/'JK O'0C'9'#&0/9)*'9E/#(4<8)'./+@$12'7-E*A4'&/S#$9/'&43#1)*A4L^C'H4(d#1/8)*'
23*AE'8/E-'028:4.-')'()*028:4.-'./+@$*1'7-E*A4'&/S#$9/'&43#1)*A4'(/'$*0*()*'=='90/,'
,'9#,*31).)'9)*0,-$*3(4<8)/.)Q')'#$/E'#)%'9E/#(4<8)@'=*(*0/3(*A4'=27*0(/$40#$9/C'j/1)*'
/1$-'7-E-'48,-9)<8)*'()*3*A/3(*')'#&0,*8,(*','Bf'14(9*(8+@':/#1@','JKO!'0C'54$-8,@8@'
&0/9')',9-8,/+69'&049/5,*()/'94+(-'3@549*+Q'1$60*+'/0$C'^^'&0,*9)5-9/EQ';*'&/S#$94'
412&2+@8*' +*#$' +*5-()*' F&8-!1!$<"&<#"+-( !( *:.<,#'1!,!+-( 5-&34='( /*>9!301.34C( 1!+D
"*34#-#23!C( 9&$='( !( "#91.34( 5#$/#8&"$<'C( 1&9+:73.34( 8#( /&;$<'&( 1!+/"0.6&3!+9$,!+5#C(
&(01&68*673.34($!?('(,"&6*(#,*/#'&1.-ILh.
V/S#$949-'N/(1'W43(-Q'+/14')(#$-$28+/'F7-E*A4'&/S#$9/'&43#1)*A4I'&45&/5/E/'
&45' 9-;*+' 9-.)*()4(*' 04,&40,@5,*()/Q' 8,-3)' 9' <9)*$3*' 99C' &0,*&)#69' 412&/($/' V/S#$949-'N/(1'W43(-','5()*.'Y '90,*<()/'JK O'0C'&0,*8:45,)E'(/'9E/#(4<`'=*(*0/3(*A4'
=27*0(/$40#$9/L!C'N-E4'$4'()*,A45(*'()*'$-314','14(9*(8+@':/#1@Q'&0/9*.'.)%5,-(/04549-.Q'/3*'069()*;',*'#$/$2$*.'VNWQ'./+@8*A4'.48'2#$/9-C'b*A4'&/0/A0/P'J'+*5(4,(/8,()*'#$/(49)EQ';*'FZ&;$<'#'.(X&1,(F#91.(6+$<(!1$<.<*367(/&;$<'#'7(^/#9$,!+5#(/&;$<'&_C(
,<="+6(/"0.$%*5*6+(#$#>#'#2E(/"&'1&(!(/"&'#(*:.'&1!&(/!+30?3!(0(5#8%+-(/&;$<'#'.40/,';*'X&1,#'!(/"0.$%*5*6+(*/"&'1!+1!+(8#(*:.'&1!&($&-#!$<1+5#(0&$<?/$<'&(/"&'1+D
5#C(0(0&34#'&1!+-(6+81&,('$0+9,!34(*/"&'1!+;(!(/"0.'!9+6='C(0&$<"0+:#1.34(89&(!1$<.D
<*36!( /&;$<'#'.34( '( /#$<?/#'&1!*( $78#'.-( !( &8-!1!$<"&3.61.-ILMC' V4(/5$4Q' 9' .-<3'
&43#1)*A4'&0/9/Q'VNW'7-E'4#47@'&0/9(@'&453*A/+@8@'.)()#$049)'X1/072'WVCLK
V0/94'&43#1)*'&4$9)*05,)E4'()*9/;(4<`'9#,*31)8:'/1$69',5,)/E/(-8:'&0,*,'412&/($/'54$-8,@8-8:'F/"0+1#$0+1!&C(#>3!7:&1!&C(23!+21!+1!&(9*>(#5"&1!30+1!&(/#8(6&,7,#9D
'!+,(!117(1&0'7(/"&'&('%&$1#23!`(a,&">*(Z&;$<'&C(0'!70,='(,#-*1&91.34C(/"0+8$!?D
>!#"$<'(/&;$<'#'.34(!(,#-*1&91.34C(!1$<.<*36!(/*>9!301.34(#"&0(#$=>(b0.301.34(!(/"&'D
1.34(1&("0+30(#>3.34(/&;$<'C(#>3.34(#>.'&<+9!(9*>(#>3.34(#$=>(/"&'1.34(#"&0(#$!+89&D
1!+('(1!+"*34#-#23!&34(#>.'&<+9!(#>3.34(/&;$<'(/#8(6&,!-,#9'!+,(<.<*%+-(/"&'1.-IH
L
' 'f*0405(2(A#73/$$'5*#'=*(*0/3A42q*0(*20#'Pp0'7*#*$,$*('&43()#8:*('=*7)*$*'>fNB'=='V?','5()/'YO'
3)#$4&/5/'JKLKQ'(0'hQ'#C'L!C
L^
' 'fNB'=='V','5()/'K'&/k5,)*0()1/'JK OQ'8,C'BQ'(0'LKQ'#C'LJL]LJ C
Lh
' 'aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(cC'#C'JJ C
L!
' ' V4547(*A4' ,5/()/' +*#$' ()*.)*81)' :)#$40-1' B(A4' G4#*' ,/+.2+@8-' #)%' 7/(1494<8)@' (/' ,)*.)/8:'
&43#1)8:' &45' 412&/8+@' ()*.)*81@C' BC' G4#*Q' Y!+( 8+*<$34+1( )"+8!<!1$<!<*<+( !1( Z#9+1( *18( 8!+(
W*$"&>*15(8+"(/#91!$34+1(*18(6d8!$34+1(X+ef9,+"*15(ISMS(\(ISO@Q'a4(/8:)2.'YOO!Q'#C'LO!C
LM
' 'D,C'eC'WV'JKLY'0CQ'(0'JJ!Q'&4,C'Kh!Q'#C'Y^^!C'
LK
' ' D*10*$' V0*,-5*($/' W,*8,-&4#&43)$*+' ,' YK' 90,*<()/' JKLh' 4' ,.)/()*' 2#$/9-' ,' 5()/' JO' 8,*098/'
JKYJ'0C'9'&0,*5.)48)*'2$940,*()/'VNWC'D,C'eC'WV'JKLh'0CQ'(0'YKQ'&4,C'Y! C'aC'HE2#*1Q'Z"#>9+-(
9+5&91#23!(cC'#C'JJ^C
^
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
"'.-<3'/0$C'Y'5*10*$2'V0*,-5*($/'WV','LO'3)#$4&/5/'JKLK'0C'4'()*9/;(4<8)'/1$69'&0/9(-8:'9E/5,'412&/8-+(-8:'9#,*31)*'$/1)*'/1$-'F#@'()*9/;(*')'()*7-E*I O.
H43*+(-.'/0A2.*($*.'&0,*8)914'2,(/()2'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(-.' =27*0(/$40#$9)*Q' +/14' $4;#/.*A4' ,' V/S#$949-.' N/(1)*.' W43(-.Q' )(#$-$28+@'&/S#$9/'&43#1)*A4Q'5,)/E/+@8@'9'V43#8*'.)%5,-94+*((*+'#@'&48,-()4(*'&0,*,'9E/5,*'
()*.)*81)*',.)/(-'#$021$20-'40A/(69'7/(12Q'&494E-9/()*')8:')'#&0/949/()*'(/5'().)'
14($043)C'T0A2.*($'$*('&4$9)*05,/'/0$C'L'99C'5*10*$2'V0*,-5*($/'WV','LO'3)#$4&/5/'JKLK'
0C'4'()*9/;(4<8)'/1$69'&0/9(-8:'9E/5,'412&/8-+(-8:Q'1$60-'40,*1/EQ';*'Fg!+'&:1+(!(1!+D
>.%+($7('$0+9,!+(&,<.(/"&'1+('%&80C(#,*/*673.34(<+".<#"!*-(Z&;$<'&(Z#9$,!+5#C(8#<.307D
3+('/"#'&80+1!&($+,'+$<"*C(0&"078*(/"0.-*$#'+5#C(9*>('/"#'&80+1!&(/#8(!117(1&0'7(
0-!&1.('($/#$#>!+(0&"0780+1!&(!(*:.<,#'&1!&(-!+1!+-(#$=>(b0.301.34(!(/"&'1.34(/"&'&(
/#9$,!+5#C(6&,("='1!+:('$0+9,!+(&,<.(/"&'1+(<.34:+('%&80C(8#<.3073+(0-!&1.('($,%&80!+(
'%&80($/=%+,(!(/+"$#1+9*(0&"0780&673+5#(!1<+"+$&-!(#$=>(b0.301.34(!(/"&'1.34I J.
"-5,)/E' "-;-9)*()/' )' W43()8$9/' >T7$*)32(A' n0(r:02(A' 2(5' G/(59)0$#8:/P$?'
0,@52' =*(*0/3(*A4' =27*0(/$40#$9/Q' &494E2+@8' #)%' (/' c ' 04,&40,@5,*()/' =*(*0/3(*A4'
=27*0(/$40/'53/'412&49/(-8:'&43#1)8:'47#,/069','YL'3)#$4&/5/'JKLK'0C'4'A4#&45/08*Q'
9-;-9)*()2' )' 043()8$9)*' 9' =*(*0/3(-.' =27*0(/$40#$9)*' 9' &404,2.)*()2' ,' e0,%5*.'
V49)*0()8,-.Q'M'32$*A4'JK O'0C'(/'1)*049()1/'V/S#$949*A4'N/(12'W43(*A4'9-,(/8,-E'
l)*.8/'\$$4'[*)(0)8:/Q'1$60-'9'./082'JK O'0C',4#$/E'14.)#/0,*.'7/(12 YC'\$$4'[*)(0)8:Q'&)/#$2+@8-'20,@5'14.)#/0,/Q',4#$/E'&494E/(-'YM'./+/'JK O'0C'(/'P2(18+%'&49)*0()1/'
X$//$3)8:*'TA0/07/(1'U'&0,*,'1)*049()1/'"-5,)/E2'"-;-9)*()/')'W43()8$9/'9'&404,2.)*()2','1)*049()1)*.'e0,%52'V49)*0()8,*A4C'V0/9/')'4749)@,1)'\$$4'[*)(0)8:/Q'+/14'
&49)*0()1/'&4,4#$/E-'()*,.)*()4(*')'9-()1/E-','c '04,&40,@5,*()/'=*(*0/3(*A4'=27*0(/$40/'53/'412&49/(-8:'&43#1)8:'47#,/069','YL'3)#$4&/5/'JKLK L.
\$$4'[*(0)8:'(/'&48,@$12'#&0/949/()/'P2(18+)'14.)#/0,/'X$//$3)8:*'TA0/07/(1'
5414(/E' #,*0*A2' (4.)(/8+)' (/' (/+9/;()*+#,-8:' 1)*049()8,-8:' #$/(49)#1/8:' 9' 7/(12C'
l/' 5-0*1$40/' R*($0/3/(#$/3$' >B(#$-$28+/' Z*($0/3(/?' .)/(49/E' X$/()#E/9/' W)*53/Q' /' YY'
32$*A4'JK O'0C'.)/(49/E'H/,).)*0,/'")8,-S#1)*A4'5-0*1$40*.'R*($0/3/(#$/3$','&49)*0,*()*.'.2'&0/9/',/#$%&49/()/'X$/()#E/9/'W)*53/C'l/#$%&()*'(/'#$/(49)#12'5-0*1$40/'
[/2&$,9*)A#$*33*' "/0#8:/2' >\55,)/E' =E69(-' "/0#,/9/?' X$//$3)8:*' TA0/07/(1' ,4#$/E'
.)/(49/(-' Z,*#E/9' H/5*(/8-Q' /' +*A4' ,/#$%&8@' ,4#$/E' 9)8*5-0*1$40' a/0)/(' b/#$0,%7#1) C'l)*.)*81)*'9E/5,*'412&/8-+(*'&0,*,'8/E-'410*#'BB'94+(-'<9)/$49*+'5414(-9/E-'
O
' 'aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(cC'#C'JJhC
' 'B7)5C
Y
' 'TTlQ'W,@5'==Q'#-A(C'JL!JQ'n0#/$,'&43()#8:*0'j0*2:r(5*0'7*,9C'14..)#/0)8:*0'f*09/3$*0'5208:'
W*)8:5*2$#8:*','LO'19)*$()/'JK O'0CQ'#C'YOi'N*#$*332(A'q4('H4.)##/0*('7*)'H0*5)$)(#$)$2$*(','Y '
./+/'JK O'0CQ'#C'Y^C
L
' ' TTlQ' W,@5' ==Q' #-A(C' JL!JQ' V)#.4' 1)*049()1/' "-5,)/E2' "-;-9)*()/' )' W43()8$9/' 54'
14.)#/0,/' V/S#$949*A4' N/(12' W43(*A4' 5-0*1$40/' 7/(12' \$$4' [*)(0)8:/' ,' YM' ./+/' JK O' 0CQ'
#C' Y!i' N*1/(($./8:2(A' ,' YM' ./+/' JK O' 0CQ' #C' YhC' V0,*5#$/9)8)*3/.)' \$4' [*)(0)8:/' 9' 455,)/3*'
9'H0/149)*'7-3)'n.)3'ap33*0Q'H)*38/8:'b4:/((*#'X$//81')'9'G273)()*'R*(47)2#'V/3*(#1-C
' 'aC'HE2#*1Q'Y#,*-+1<.(8#(80!+6='(Z&;$<'#'+5#(X&1,*(F#91+5#H(h#-(Q(ISMTDISOOQ's65k'YOOKQ'
#C'JLLC'
J
^^
!"#$%&'()%*$+,(
,.)/('9'/5.)()#$0/8+)'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(-.'=27*0(/$40#$9)* ^.
\$$4'[*)(0)8:',3)19)549/E'#$/(49)#14'&0*,*#/'VNWQ'0/5%'(/5,408,@Q'14.)#+%'0*9),-+(@Q'
/' (/' .)*+#8*' &0,*594+*((*+' 5-0*18+)' 40/,' 1)*049()8$9/' V/S#$949*A4' N/(12' W43(*A4'
2$940,-E' ,/0,@5' 7/(12Q' #1E/5/+@8-' #)%' ,' X$/()#E/9/' W)*53/Q' H/,).)*0,/'")8,-S#1)*A4Q'
X$/()#E/9/'[4E49)S#1)*A4Q'N02(4(/'l)*.-#1)*A4Q'j/5*2#,/'R5,)*8:49#1)*A4')'b6,*P/'
a/0#,/E1/ h.
V49-;*+'(/10*<34(-'#&4#67'&494E-9/()/'9E/5,'V/S#$949*A4'N/(12'W43(*A4'
9'=*(*0/3(-.'=27*0(/$40#$9)*')'#&0/949/()/'(/5'().'14($043)'&0,*,'412&/($/'()*.)*81)*A4'7-E'48,-9)<8)*'8/E149)8)*'#&0,*8,(-','&0/9*.'.)%5,-(/04549-.Q'&43#1).)'&0,*&)#/.)'&0/9/')'#$/$2$*.'7/(12C'V0/94'54'.)/(49/()/'14.)#/0,-'9'V/S#$949-.'N/(12'
W43(-.'&0,-#E2A)9/E4'9-E@8,()*'a)()#$049)'X1/072')'a)()#$049)'W43()8$9/')'W*P40.'
W43(-8:C'"'.4.*(8)*'9-728:2'BB'94+(-'<9)/$49*+'14.)#/0,*.'VNW','0/.)*()/'a)()#$*0#$9/'X1/072'7-E'X$/()#E/9'l49/1Q'/','a)()#$*0#$9/'W43()8$9/')'W*P40.'W43(-8:'
G*4(/05'H0/923#1) !C'a)()#$*0'X1/072'9'8*32'20,*8,-9)#$()*()/',9)*0,8:()*A4'(/5,402'
(/5'VNW'.)/E'&0/94'54'.)/(49/()/'#&4<065'20,%5()169'&/S#$949-8:'#94+*A4'14.)#/0,/' )' +*A4' ,/#$%&869C' \749)@,1)' )' 2&0/9()*()/' 541E/5()*' 410*<3/E' /1$' (4.)(/8-+(-C'
"' &0,-&/512' .)()#$0/' W43()8$9/' )' W*P40.' W43(-8:' .)/(49/()*' 14.)#/0,/' )' +*A4' ,/#$%&869' #E2;-E4' &0,*#$0,*A/()2' ,A45(4<8)' 5,)/E/3(4<8)' V/S#$949*A4' N/(12' W43(*A4Q'
9-()1/+@8*+' ,' 9-14(-9/()*.' (/&0/9-' 2#$04+2' 043(*A4' ,' 45&49)*5().)' &0,*&)#/.)'
&0/9(-.)C'\749)@,1)')'2&0/9()*()/'14.)#/0,')'+*A4',/#$%&8-'4$0,-.-9/3)'9'/18)*'(4.)(/8-+(-. M.
V4547()*'&0,*5#$/9)/E/'#)%'#-$2/8+/','&494E-9/()*.Q'4594E-9/()*.'40/,',',/10*#*.'2&0/9()*S'9E/5,'V/S#$949*A4'N/(12'W43(*A4Q'&0*,*#/'7/(12Q'0/5-'(/5,408,*+Q'
5-0*18+)' 40/,' 1)*049()8$9/' VNW KC' j/1;*' 9' $*+' 19*#$))' 04,&40,@5,*()/' ()*.)*81)8:'
9E/5,'412&/8-+(-8:'7-E-'#&0,*8,(*','&4#$/(49)*()/.)'#$/$2$2'VNW^O.
j/1)*'&4#$%&49/()*'412&/($/Q',3)19)549/()*'#$/0-8:'9E/5,'#$/$2$49-8:'7/(12'
)'&494E/()*'(49-8:Q'+/1',4#$/E4'+2;'(/5.)*()4(*Q'7-E4'8/E149)8)*'()*,A45(*','Bf'14(9*(8+@':/#1@','JKO!'0CQ'0*A23/8+/.)'&0/9(-.)'&0/9/'&43#1)*A4')'&4#$/(49)*()/.)'#$/$2$2'
V/S#$949*A4'N/(12'W43(*A4C'j*+'#-$2/8+)'&0/9(*+'<9)/54.)'7-3)'20,%5()8-'()*.)*81)*A4'e0,%52'l/5,402'N/(149*A4Q'45&49)*5,)/3(*A4',/'7/(1494<`'(/'$*0*()*'=*(*0/3(*+'
=27*0()C "-140,-#$2+@8'#,*041)',/10*#'2&0/9()*S'(/5/(-8:').'&0,*,'A*(*0/3(*A4'A27*0(/$40/Q'04,&40,@5,*()/','J'A025()/'JKLK'0C^JQ'M'19)*$()/'JK O'0C^YQ'/'$/1;*','YY'19)*$-
^
' 'B7)5CQ'#C'YLLQ'Y^O]Y^!C
' 'B7)5C
!
' 'TTlQ'VNWQ'#-A(C'JOOLQ'l4$/$1/'F"E/5,*'V/S#$949*A4'N/(12'W43(*A4'9'JKLK'0C')'9'410*#)*'
412&/8+)'()*.)*81)*+IQ'#C'J] C
M
' 'aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(cC'#C'JYOC
K
' '\&273)149/(-'9g'D,C'eC'WV'JKLY'0CQ'(0'JJ!Q'&4,C'KhhQ'#C'Y^^J]Y^^hQ'&4,C'Kh!Q'#C'Y^^h'U'Y^!Oi'D,C'
eC'WV'JKLh'0CQ'(0'!!Q'&4,C'^LKQ'#C'JY!!]JYMOC'
^O
' 'X,*0,*+'(/'$*('$*./$g'aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(cC'#C'JYJ]JYLC
^J
' 'f*0405(2(A'p7*0'5)*'n00)8:$2(A'*)(*0'N/(1/2P#)8:$#$*33*Q'fNB'=='VQ'JKLKQ'#C'YLhC
^Y
' 'f*0405(2(A'p7*0'5)*'N/(1/2P#)8:$#$*33*'Pp0'5/#'=*(*0/3A42q*0(*.*($Q'fNB'=='VQ'JK OoBQ'#C'!Y C
h
^h
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
()/'JK Y'0C^LQ'&0,-,(/3)'#47)*'&0/9/'#$/$2$49*'VNW')'2#$/(49)3)'&48,@$1494'14.)#/0,/Q'
/' 45' JK O' 0C' &49)*0()1/' 53/' V/S#$949*A4' N/(12' W43(*A4Q' 1$60-' &0,*+@E' 2&0/9()*()/'
)'4749)@,1)'9E/5,'#$/$2$49-8:'N/(12^ .
l/' &45#$/9)*' &49-;*+' &0,*5#$/9)4(-8:' /0A2.*($69' (/3*;-' #$9)*05,)`Q' ;*'
9' <9)*$3*' &0/9/' &43#1)*A4Q' V/S#$949-' N/(1' W43(-' 9' =*(*0/3(*+' =27*0()' 5,)/E/+@8-'
&45' ,/0,@5*.' ()*.)*81).' +/14' X$//$3)8:*'TA0/07/(1Q' ()*' 7-E' $4;#/.-' ,' V/S#$949-.'
N/(1)*.'W43(-.'2$940,4(-.')'P2(18+4(2+@8-.'9'V43#8*'.)%5,-94+*((*+'&45'/2#&)8+/.)' a)()#$*0#$9/' X1/072' )' a)()#$*0#$9/' W43()8$9/' )' W*P40.' W43(-8:C' D45/$149-.'
&0,*+/9*.'$*A4'+*#$'14($-(249/()*'5,)/E/3(4<8)'&0,*,'410*#'412&/8+)'()*.)*81)*+'V/S#$949*A4'N/(12'W43(*A4'9'G4(5-()*Q'1$60-'9'8,/#)*'BB'94+(-'<9)/$49*+'&0,*,'&0/94'
.)%5,-(/04549*Q','9-+@$1)*.'10/+69'&45&40,@5149/(-8:'327'#&0,-+/+@8-8:'l)*.84.Q'
7-E'$0/1$49/(-'+/14'7/(1'$4;#/.-',')(#$-$28+@','410*#2'&0,*594+*((*A4Q'8,*A4'45./9)/(4'VNW'5,)/E/+@8*.2'(/'$*0*()*'=*(*0/3(*A4'=27*0(/$40#$9/^^.
"()4#1)
l/'&45#$/9)*'&0,*&049/5,4(-8:'7/5/S'$0/(#/18+)'#&0,*5/;-'(/3*;@8-8:'54'9)3/(49#1)*+'()*028:4.4<8)',)*.#1)*+'FG/#2'H/7/$-I'>G/#2'H/7/81)*A4?'9'JKLM'0C')'47#,/02'3*<(*A4'FG/#1)'N40169I'9'JK O'0CQ'9'<9)*$3*'&45#$/9'&0/9(-8:')'&048*520-'#&0,*5/;-'
()*028:4.4<8)',)*.#1)8:'90/,','/(/3),@'9&)#69'45,9)*08)*53/+@8-8:'$0/(#/18+%'9'1#)%A/8:'9)*8,-#$-8:')')8:'48*(@'&45'1@$*.'47*8(*A4'#$/$2#2'&0/9(*A4'()*028:4.4<8)'(/3*;-'#$9)*05,)`Q';*'#&0,*5/;'47#,/02'3*<(*A4'FG/#1)'N40169I'9'JK O'0C'5414(/E/'#)%'7*,'
0*#&*1$49/()/'&0/9/'&43#1)*A4')'9',9)@,12','$-.'()*'+*#$'#12$*8,(/C
V4'&)*09#,*Q'9'&0,-&/512'$0/(#/18+)'$*+',)A(4049/(/',4#$/E/',/#/5/'9-./A/(/'
7*,9,A3%5()*'&0,*,'&43#1)*'&0/94'043(*'9'410*#)*'.)%5,-94+*((-.Q'4749)@,2+@8/'P40./3()*'54'JK^!'0CQ');'2.49-'4'&0,*()*#)*()2'9E/#(4<8)'()*028:4.4<8)',)*.#1)8:'9-./A/+@'53/'#9*+'9/;(4<8)',*,943*()/'9E/5,-'&/S#$949*+C'R/#/5%'$%'2#$/(49)4(4'9'/0$C'J'
04,&40,@5,*()/'$-.8,/#49*A4'W/5-'a)()#$069','5()/'J'90,*<()/'JKJK'0C'(40.2+@8*A4'
&0,*(4#,*()*' 9E/#(4<8)' ()*028:4.4<8)' ,)*.#1)8:^hC' b/1' #$/(49)E' /0$C' M' $*A4' 04,&40,@5,*()/Q',.)/(-'$-$2E2'9E/#(4<8)'5414(/(*','&4.)()%8)*.'327'()*,A45(*','5*8-,+@'9E/<8)9*+'9E/5,-'#@'()*9/;(*C'e5,)*3/()*',*,943*S'(/'#&0,*5/;'()*028:4.4<8)',)*.#1)8:'
(/3*;/E4'54'20,%569',)*.#1)8:Q'1$60-8:',/5/()/'&0,*+%E-'9'JKL '0C'20,%5-'94+*965,1)*C'
"'/18)*'(4$/0)/3(-.'12&(/']'#&0,*5/;-'()*028:4.4<8)',)*.#1)*+'FG/#1)'N40169I'#$/(49)@8*+'47#,/0'3*<(-'&49)((4',(/3*k`'#)%'#$9)*05,*()*Q';*'54',7)402'5494569'1#)%A)'5670'
")3/(69',4#$/E4',/E@8,4(*'&)#.4'e0,%52'"4+*965,1)*A4'"/0#,/9#1)*A4Q'#$/(49)@8*'
54965Q');'()*'#$4+@'(/'&0,*#,145,)*'()()*+#,*+'#&0,*5/;-'&0,*&)#-'04,&40,@5,*()/'V0*,--
^L
' ' f*0405(2(A' ,20' n0Ar(,2(A' 5*0' f*0405(2(A' p7*0' 5)*' N/(1/2P#)8:$#$*33*' Pp0' 5/#'
=*(*0/3A42q*0(*.*($Q'fNB'==Q'JK YQ'#C'YYJC
^
' 'aC'HE2#*1Q'Z"#>9+-(9+5&91#23!(cC'#C'JYLC
^^
' 'aC'HE2#*1Q'Z&;$<'#'.(X&1,(F#91.('(9&<&34(ISISDISOSH(a<*8!*-(4!$<#".301#(\(/"&'1+Q'"/0#,/9/'
YOJLQ'#C'JLY'U'JL C
^h
' 'D,C'eC'WV'JKJKQ'(0'!LQ'&4,C' YMC
^!
!"#$%&'()%*$+,(
5*($/'W,*8,-&4#&43)$*+','Y!'8,*098/'JKY!'0C'4'48:04()*'3/#69'()*#$/(49)@8-8:'9E/#(4<8)'
V/S#$9/Q'$/1'+/1'$4'.)/E4'.)*+#8*'&0,-'#&0,*5/;-'FG/#2'H/7/81)*A4I'9'JKLM'0C'
"-5/()*'5*8-,+)'&0,*,'e0,@5'"4+*965,1)'"/0#,/9#1)'9'JK O'0C'7-E4'()*.4;3)9*Q'A5-;'/5.)()#$0/8+/'9'=*(*0/3(-.'=27*0(/$40#$9)*',4#$/E/'(/'(494',40A/(),49/(/'
&0,*,'()*.)*81)*'9E/5,*C'm2(18+4(49/()*'/5.)()#$0/8+)'9'=='0*A2349/E4'04,&40,@5,*()*' &)*09#,*' ,' YM' &/k5,)*0()1/' JKLK' 0C^!' )' 502A)*' ,' J' A025()/' JK O' 0C^M' 4' 4572549)*'
T5.)()#$0/8+)'412&49/(-8:'&43#1)8:'47#,/069C'[/(#'m0/(1'9-5/E'+*'(/'&45#$/9)*'c^'
2#$C'J'5*10*$2'Pp:0*0/')'1/(83*0,/'W,*#,-'l)*.)*81)*+','JY'&/k5,)*0()1/'JKLK'0C'RA45()*'
,'&)*09#,-.'04,&40,@5,*()*.'9'e0,%5,)*'=*(*0/3(*A4'=27*0(/$40/'&49#$/E-'9-5,)/E-Q'
9' $-.' "-5,)/E' "-;-9)*()/' )' W43()8$9/' 40/,' "-5,)/E' G/#69C' =*(*0/3(*' =27*0(/$40#$94',4#$/E4'&45,)*34(*'(/'8,$*0-'410%A)'>5-#$0-1$-?Q'H0/1/2'>H0/169?Q'G273)('>G273)(?Q'
W/54.'>W/54.?')'"/0#8:/2'>"/0#,/9/?C'l/'8,*3*'\10%A2'#$/E'X,*P'\10%A2'>D)#$0)1$#8:*P#?Q'1)*02+@8-'8/E@'/5.)()#$0/8+@'\10%A2'9').)*()2'A*(*0/3(*A4'A27*0(/$40/C'\10%A)'
,4#$/E-'&45,)*34(*'(/'&49)/$-')'(/'.)*+#1)*'&49)/$-C'l/'8,*3*'&49)/$2'#$/E'#$/04#$/Q'1$60-'
1)*049/E'8/E@'/5.)()#$0/8+@C'V4(/5$4'[/(#'m0/(1'L'3)#$4&/5/'JKLK'0C'/5.)()#$0/8+%'8/E149)$*A4'3*<()8$9/')'E49)*8$9/'&0,*1/,/E'1)*049()149)'"-5,)/E2'G/#69'e0,%52'=*(*0/3(*A4'=27*0(/$40/^KQ'/'LO'3)#$4&/5/'JKLK'0C'/5.)()#$0/8+%'8/E149)$*+'A4#&45/01)'9-;-9)*()/')'043()8$9/'9'=*(*0/3(-.'=27*0(/$40#$9)*'&49)*0,-E'1)*049()149)'"-5,)/E49)'
"-;-9)*()/')'W43()8$9/'&0,-'e0,%5,)*'=*(*0/3(*A4'=27*0(/$40/hO.
R' &49-;*+' &0,*5#$/9)4(-8:' /0A2.*($69' +*5(4,(/8,()*' 9-()1/Q' ,*' ,72549/(/' &0,*,' ()*.)*81)*' 9E/5,*' /5.)()#$0/8+/' &/S#$949/' 9' =*(*0/3(-.' =27*0(/$40#$9)*'
8/E149)8)*'&4.)+/E/'94+*965,$94')'84'+*#$'(/+9/;()*+#,*Q'()*'7-E/'$4'+*5(/1'/5.)()#$0/8+/'&43#1/Q'1$60*+'2&0/9()*()*.'7-E4'9-5/9/()*'&4,943*S'(/'4706$'()*028:4.4<8)/.)'
,)*.#1).)C'
V4'502A)*'4&)*0/+@8'#)%'(/'54#$%&(-8:'./$*0)/E/8:'k065E49-8:'()8'()*'9#1/,2+*Q'
;*',/&)#/(*'4#$0,*;*()*'&45'(2.*0*.'Y '5,)/E2'BBB'1#)%A)'5670'")3/(69Q');'94+*945/'
9/0#,/9#1)'5*8-,+@','5()/'JJ'90,*<()/'JKL '0C'(/'&45#$/9)*'/0$-12E69'JQ'LQ'J^')'Jh'04,&40,@5,*()/'V0*,-5*($/'W,*8,-&4#&43)$*+','YM'&/k5,)*0()1/'JKLL'0C'&4#$/(49)E'9#,8,@`'
&4#$%&49/()*'9'8*32'&0,*+%8)/'(/'9E/#(4<`'V/S#$9/'A02($69'20*A2349/(-8:'9'1#)%5,*'
()()*+#,*+Q'()*'7-E4'/1$2/3(*'9'A025()2'JK O'0C'b*;*3)'04#,8,*()*'$4'()*',4#$/E4',3)19)549/(*Q' $4' N0/()81)' 7-E' ,4749)@,/(-' 54' 4$0,-./()/' 45' e0,%52'"4+*965,1)*A4'"/0#,/9#1)*A4'"-5,)/E'W43()8$9/')'W*P40.'W43(-8:',A45-'(/',943()*()*'47#,/02'3*<(*A4'
G/#1)' N40169' #&45' 9-;*+' 9-.)*()4(*A4' 4#$0,*;*()/Q' $/1' +/1' $4' .)/E4' .)*+#8*' 9' /18)*'(4$/0)/3(-.','YJ'A025()/'JKLM'0C'b/1'9-()1/','#$021$20-'/5.)()#$0/8+/'&/S#$949*+'
^!
' 'fNB' ==' V' JKLKQ' V)*09#,*' 04,&40,@5,*()*' 4' 4572549)*'T5.)()#$0/8+)' 412&49/(-8:' &43#1)8:'
47#,/069','YM'&/k5,)*0()1/'JKLK'0CQ'#C'L] C
^M
' ' fNB' ==' V' JK O' BQ' D02A)*' 04,&40,@5,*()*' 4' 4572549)*'T5.)()#$0/8+)' 412&49/(-8:' &43#1)8:'
47#,/069','J'A025()/'JK O'0CQ'#C'L'U' C
^K
' 'fNB'=='V'JKLKQ'(0' Q'W4,&40,@5,*()*'4'3*<()8$9)*')'E49)*8$9)*'9'=*(*0/3(-.'=27*0(/$40#$9)*'
,'LJ'&/k5,)*0()1/'JKLK'0C'
hO
' ' fNB' ==' V' JKLKQ' (0' MQ' W4,&40,@5,*()*' 4' A4#&45/08*' 9-;-9)*()/' )' 043()8$9/' 9' =*(*0/3(-.'
=27*0(/$40#$9)*','YL'3)#$4&/5/'JKLK'0C
^M
!"#$%&$'#()*%+,-."/$'0%#1"-2!3(4()!1%.1"4+51!3%&%6"#"-$7#04%628"-#$9(-+9&1":::%
9'=*(*0/3(-.'=27*0(/$40#$9)*Q'54#$/08,*()*'$/1)*A4',*,943*()/'&0,*,'N0/()81)*A4'7-E4'
()*.4;3)9*Q'A5-;'9'$-.'8,/#)*'()*'P2(18+4(49/E'e0,@5'"4+*965,$9/'"/0#,/9#1)*A4C'
V4'$0,*8)*'V/S#$949-'N/(1'W43(-'7%5@8-')(#$-$28+@'&/S#$9/'&43#1)*A4Q'9'9-()12',/+%8)/'$*0*(69'V43#1)'9*'90,*<()2'JKLK'0C')'9-5/()/'&0,*,'412&/($/'()*.)*81)*A4'
/1$69'&0/9(-8:'./+@8-8:'&049/5,)`'54'&0,*+<8)/'7/(12'(/'9E/#(4<`'=*(*0/3(*+'=27*0()Q'+/1'069()*;'5414(/()/'7*,&0/9(-8:',.)/('9'#1E/5,)*'+*A4'40A/(69Q'()*'.6AE'5,)/E/`'
9'#&4#67'&0/9()*'#12$*8,(-'(/'$*0*(/8:'412&49/(-8:C'"'0,*8,-9)#$4<8)'412&/($'9-140,-#$/E'/&/0/$'7/(12'U'+*A4'd0.%Q'5412.*($/8+%Q'/1$-9/Q'8,%<`'&*0#4(*32'U'54'&049/5,*()/'9E/#(*+')(#$-$28+)'&45'(/,9@'X$//$3)8:*'TA0/07/(1'U'FV/S#$949-'N/(1'W43(-IC'l)*'
7-E/'4(/'+*5(/1'$4;#/./','7/(1)*.Q'1$60-'9'410*#)*'.)%5,-94+*((-.'7-E'9)*0,-8)*3*.'
.C)(C'T5/./'N0/()81)*A4C'
"',9)@,12','$-.'VNW'9'=*(*0/3(-.'=27*0(/$40#$9)*'(/9*$'A5-7-'(/7-E'#12$*8,()*' 9E/#(4<`' 47#,/02' 3*<(*A4' G/#1)]N40169' U' 84' +*5(/1' ()*' .4AE4' .)*`' .)*+#8/Q'
A5-;'9E/<8)8)*3'()*'.6AE'2,-#1/`'7*,9,A3%5()*'9-./A/(*+',A45-'&43#1)*+'/5.)()#$0/8+)'
,)*.#1)*+'(/'$%'$0/(#/18+%']'$4')'$/1'()*'.)/E'&0/9/'54',9/3()/()/'8/E*A4'#&0,*5/9/(*A4'47#,/02'45'478)@;*()/'1/28+/.)Q',/&)#/(-.)'9'5,)/3*'Bf'1#)%A)'5470/'")3/(69'&45'
(2.*0/.)g' hQ' MQ' KQ' Jh' 9' 194$/8:' 9' ,E4$-8:' 9' ,E48)*g' COJJCLOOQ' LCJJKCKOOQ' MKJC OOQ'
LCOOOCOOO'40/,',9/3()/()/'T5/./'N0/()81)*A4','5E2A2'947*8'&43#1)*A4'V/S#$949*A4'
N/(12'W43(*A4C'D45/$1494Q'&0,-'4./9)/(*+'$0/(#/18+)'9').)*()2'V/S#$949*A4'N/(12'
W43(*A4'/1$'(4$/0)/3(-'&45&)#/3)'Z,*#E/9'H/5*(/8-'+/14'5-0*1$40'V/S#$949*A4'N/(12'
W43(*A4'9'"/0#,/9)*')'a/0)/('b/#$0,%7#1)'+/14'9)8*5-0*1$40Q'&48:45,@8-','(4.)(/8+)'
()*.)*81)*A4' ,/0,@58-' 7/(12' \$$4' [*)(0)8:/hJC' b/1' ,4#$/E4' +2;' 9-1/,/(*Q' \$$4' [*)(0)8:' 1)*02+@8' V/S#$949-.' N/(1)*.' W43(-.' &0,*,' 410*#' 412&/8+)' ()*.)*81)*+Q' 8,-()E'
$4'()*,A45()*',*'#$/$2$*.'&43#1)*A4'7/(12Q'8,-3)'/()'()*'.6AE'0*&0*,*($49/`'&43#1)*A4'
9)*0,-8)*3/'T5/./'N0/()81)*A4Q'$+C'V/S#$949*A4'N/(12'W43(*A4Q'/()'()*'.6AE'2#$/(/9)/`'0*&0*,*($/($69'$*+')(#$-$28+)C'\'()*3*A/3(4<8)'$0/(#/18+)'12&(/]#&0,*5/;-'3/#2'G/#1)'
N40169'&0,*#@5,/'$/1;*'()*,A45(4<`'$*+'$0/(#/18+)','#$/$2$*.'m2(52#,2'n.*0-$/3(*A4'
V0/849()169'V/S#$949*A4'N/(12'W43(*A4C'm2(52#,2'n.*0-$/3(-'VNW'()*'.6AE'(/7-`'
3/#2'(/'9E/#(4<`C'RA45()*','&/0/A0/P*.'Jh'#$/$2$2'm2(52#,2'n.*0-$/3(*A4'V0/849()169'V/S#$949*A4'N/(12'W43(*A4'1/&)$/E-'m2(52#,2'.4AE-'7-`'34149/(*'+*5-()*g'/?'
9'&/&)*0/8:'9/0$4<8)49-8:Q'1$60*'5/9/E-'7*,&)*8,*S#$94'&0/9(*'>&2&)3/0(*?i'7?'9'()*028:4.4<8)/8:'.)*+#1)8:Q'9'9-#414<8)'84'(/+.()*+'^O_'./+@$12'm2(52#,2'n.*0-$/3(*A4' >,' 9-E@8,*()*.' ()*028:4.4<8)' P/70-8,(-8:?i' 8?' 9' &4;-8,1/8:' :)&4$*8,(-8:' (/'
()*028:4.4<8)/8:'&0,-(4#,@8-8:'8,-(#,'40/,'9'&4;-8,1/8:':)&4$*8,(-8:'25,)*34(-8:'
27*,&)*8,4(-.'9'm2(52#,2'n.*0-$/3(-.'(/'72549%'9E/#(-8:'.)*#,1/SQ'+*;*3)')8:',/7*,&)*8,*()*'7-E4'9',A45,)*','&0,*&)#/.)'4'7*,&)*8,*S#$9)*'&0/9(-.i'5?'(/'0/8:2(1/8:'
9'7/(1/8:'&/S#$949-8:Q'N/(12'V43#1).')'V48,$49*+'H/#)*C'R'&0,-$48,4(*A4'&0,*&)#2'
9-()1/Q');','1/&)$/E2'm2(52#,2'n.*0-$/3(*A4'()*'.4;(/'7-E4',/12&)`'3/#2'G/#1)]N40169Q'&4()*9/;'7-E/'$4'()*028:4.4<`',)*.#1/hY.
hJ
' 'aC'HE2#*1Q'Y#,*-+1<.cHQ'#C'YLLC
' ' W*A23/.)(' 4' 40A/(),/8+)' )' $0-7)*' 20,%549/()/' ,/0,@52' m2(52#,2' n.*0-$/3(*A4' V0/849()169'
V/S#$949*A4'N/(12'W43(*A4C'aC'HE2#*1Q'V0473*.'3*A/3(4<8)'tQ'#C'JY C
hY
^K
!"#$%&'()%*$+,(
V4$9)*05,*()*.' 53/' &0,*5#$/9)4(-8:' /0A2.*($69' +*#$' #$/(49)#14' 9E/5,' V/S#$949*A4'N/(12'W43(*A4',/+%$*'9106$8*'&4',/14S8,*()2'BB'94+(-'<9)/$49*+C'"'4163()12','5()/'Y '&/k5,)*0()1/'JK ^'0C'&45&)#/(-.'&0,*,'(/8,*3(*A4'5-0*1$40/'2()*9/;()4(4'
9#,-#$1)*'4163()1)'9-5/(*'9'8,/#)*'412&/8+)'()*.)*81)*+'&0,*,'/5.)()#$0/8+%'V/S#$949*A4'N/(12'W43(*A4'9'=*(*0/3(*+'=27*0()Q'1)*02+@8'#)%'4749)@,2+@8@',/#/5@Q');'5,)/E/()/'$-8:'9E/5,'()*'7-E-'5,)/E/()/.)'&43#1)*+')(#$-$28+)hL.
W*/#2.2+@8' #&0,*5/;' 47#,/02' G/#1)]N40169' 7-E/' ()*9/;(/Q' A5-;' T5/.'
N0/()81)' ()*' 4$0,-./E' 7*,9,A3%5()*' 9-./A/(*+' &0,*,' &43#1)*' &0/94' 9' 410*#)*' .)%5,-94+*((-.' ,A45-' e0,%52' "4+*965,1)*A4' "/0#,/9#1)*A4' (/' #&0,*5/;' 47#,/02' 3*<(*A4' 40/,' (/' ,3)19)549/()*' 4#$0,*;*()/' 9' 5,)/3*' BBB' 1#)%A)' 5670' ")3/(69C' V4(/5$4'
9' <9)*$3*' &0/9/' &43#1)*A4Q' V/S#$949-' N/(1' W43(-' 9' =*(*0/3(-.' =27*0(/$40#$9)*'
5,)/E/+@8-' &45' ,/0,@5*.' ()*.)*81).' +/14' X$//$3)8:*' TA0/07/(1Q' ()*' 7%5@8' $4;#/.-' ,' V/S#$949-.' N/(1)*.' W43(-.' 2$940,4(-.' )' P2(18+4(2+@8-.' 9' V43#8*' .)%5,-94+*((*+Q'()*'.6AE'5,)/E/`'9'#&4#67'&0/9()*'#12$*8,(-'&458,/#'412&/8+)C''
7:;%;<=>?@=>AB%AC%D@BE%FGAF;G=H%<;DD>BI%>B%=:;%4;B;G@D%4AJ;GB?;B=%AB%=:;%;K@?FD;%AC%
real estates in Wilanów
B('$:*'/0$)83*'$:*'/$$*.&$'4P'*#$)./$)4('4P'3/9'7/#)#'/(5'#*33)(A'&048*520*'4P'3/(5'&04&*0$)*#'
9/#'*##/-*5C'j:*'/(/3)#)#'4P'*($0-'&0*#*($#'$:*'$0/(#/8$)4(')('.40$A/A*'0*A)#$*0'/(5')$#'*#$)./$)4('/$'
0*u2*#$'/8$2/3'3/9'#$/$2#')('$:*'84($*v'4P'#).)3/0'$0/(#/8$)4(#'7*P40*'$:*'42$70*/1'4P'$:*'#*84(5'94035'
9/0'9/#'*##/-*5Q'$44C'j4'/(/3)#)#'4P'#*$'u2*#$)4('$:*'*v/.&3*'4P'#*33)(A'$0/(#/8$)4('4P'3/(5'&04&*0$-')('
")3/(69w#'xH/7/$-'"445I')('JKLM/'/(5'P40*#$'/0*/'xN401)'m40*#$#I')('JK OC
Key words:'3/(5'&04&*0$-Q'4882&/$)4(Q'3/(5'$20(Q')($*09/0'&*0)45Q'80*5)$
hL
' 'TTlQ'VNWQ'#-A(C' KQ'\163()1'(/8,*3(*A4'5-0*1$40/'V/S#$949*A4'N/(12'W43(*A4'4'/(2349/()*'
4163()169','8,/#2'412&/8+)')'5/3#,*+'(2.*0/8+)'4163()169'7)*;@8-8:','Y '&/k5,)*0()1/'JK ^'0CQ'#C'JC
hO
