SlideShare a Scribd company logo
1 of 20
Download to read offline
!




        !
        !
        !
        !
        !
        !
        !
!
        !
!
!
!
!
!           !
        !
!   !
        !
        !
        !
        !
        !
        !
        !
        !
        !
        !
        !
                "#$#%&#'!()!*+(+!
!     !   !   !   !   "#$#%&#'!()!*+(+!
,#!-./'#!/!01-123!42'!#56$/7123!13!8%#'1$/9!!!
!
:6'! 01-123! 1-! /3! #56$/7123! 7./7! %/;1%1<#-! #0#'=! $.1>5?-! @27#371/>! 42'! >#/'313A)! @'#@/'#-!
#0#'=!$.1>5!B17.!7.#!C32B>#5A#!/35!-C1>>-!72!-6$$##5!13!$2>>#A#!/35!$/'##'-)!/35!>/63$.#-!
#0#'=!$.1>5!1372!7.#!B2'>5!B17.!7.#!/&1>17=!72!@6'-6#!.1-!2'!.#'!5'#/%-9!!!
!
D=! 63>#/-.13A! 7.#! @2B#'! 24! 51A17/>! >#/'313A)! 8%#'1$/! ./-! 7.#! /&1>17=! 72! '#/>1<#! 7./7! 01-123!
725/=9!!!!
!
"1A17/>!>#/'313A!$/3!$6-72%1<#!/35!@#'-23/>1<#!#56$/7123!-2!/>>!-765#37-!>#/'3!13!7.#1'!2B3!
-7=>#!/7!7.#1'!2B3!@/$#)!B.1$.!%/;1%1<#-!7.#1'!$./3$#-!42'!-6$$#--!13!-$.22>!/35!&#=2359!!
,17.! 51A17/>! >#/'313A)! #0#'=! -765#37! E! 4'2%! '6'/>! $2%%63171#-! 72! 133#'! $171#-! F! $/3! /$$#--!
.1A.!G6/>17=!/35!'1A2'26-!$26'-#-!13!#0#'=!-6&H#$7)!13$>6513A!42'#1A3!>/3A6/A#-)!%/7.!/35!
-$1#3$#9!!!
!
"1A17/>! >#/'313A! $/3! />-2! &#! 7.#! $/7/>=-7! 42'! 7'/3-42'%/7123/>! $./3A#! 13! #56$/71239! ! I7! 1-! /!
722>! 7./7! $/3! /55'#--! /! %='1/5! 24! $./>>#3A#-! 4/$#5! &=! -$.22>-)! $2%%6317=! >#/5#'-)! /35!
@2>1$=%/C#'-9! "1A17/>! >#/'313A! $/3! $233#$7! -765#37-! 13! 7.#! %2-7! '#%27#! /'#/-! B17.! .1A.!
G6/>17=!$2>>#A#E!/35!$/'##'E@'#@!$26'-#-!7/6A.7!&=!/!.1A.>=!G6/>141#5!7#/$.#'!B.2!52#-!327!
B2'C!13-15#!7.#1'!-$.22>!&61>513A9!I7!$/3!&#!/!@2B#'46>!722>!42'!7#/$.#'-!B.2!/'#!-7'6AA>13A!
72! %##7! /! 0/'1#7=! 24! -765#37! 3##5-9! 835! 17! $/3! $233#$7! $2%%63171#-! 72! /! 0/-7! 3#7B2'C! 24!
'#-26'$#-!7./7!B1>>!.#>@!7.#1'!-765#37-!$2%@#7#!/35!-6$$##5!13!7.#!A>2&/>!#$232%=9!!
!
8-!J20#'32'-)!B#!>#/'3#5!7./7!/!$2%@'#.#3-10#!'2/5%/@!72!'#42'%!=1#>5-!-6$$#--9!!K./7?-!
B.=! B#! $230#3#5! 7.#! "1A17/>! L#/'313A! M263$1>! B17.! >#/5#'-! 13! #56$/7123)! A20#'3%#37)!
@.1>/37.'2@=)! &6-13#--)! 7#$.32>2A=! /35! 7.13C! 7/3C-! 72! 5#413#! 7.#! /$7123-! 7./7! >/B%/C#'-!
/35!@2>1$=%/C#'-!%6-7!7/C#!72!-@/'C!/!'#02>67123!13!51A17/>!>#/'313A9!!N2'#!7./3!(++!@#2@>#!
4'2%! /$'2--! 7.#! 3/7123! 130#-7#5! $2637>#--! .26'-! /35! #3#'A=! 13! 7.1-! '/@15! 01'76/>! @2>1$=!
5#0#>2@%#379! ! ,#! /'#! A'/7#46>! 72! 7.#! $263$1>! %#%&#'-! 42'! 42'A13A! /! @/7.! 42'! #56$/7123?-!
.1-72'1$! -.147! 4'2%! @'137! 72! 51A17/>)! 4'2%! /A#! A'26@-! 72! 13510156/>-! /35! 4'2%! -#/7! 71%#! 72!
$2%@#7#3$=9!!!
!
K.#! (+! O>#%#37-! 24! P1A.! Q6/>17=! "1A17/>! L#/'313A! 1-! H6-7! 7.#! &#A13313A9! ! "6'13A! 7.#! 3#;7!
=#/')! B#! B1>>! B2'C! 72! 76'3! @'2@2-/>-! 1372! @2>1$=! /35! /'A6%#37-! 1372! /$7123! 72! 7'/3-42'%!
#56$/7123!42'!725/=?-!-765#37-9!!,#!.2@#!=26!H213!6-9!
!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
"#$!%&'(!                  !            !             !              %)$!*+'#!



!                                                                                                           *!
!


       ,-$.#!)/!0)12#12'!
!
!
I37'256$7123!! !    !      !       !      !     !   !   S!
!
(+!O>#%#37-!24!P1A.!Q6/>17=!"1A17/>!L#/'313A!   !   !   T!
!
U#;7!V7#@-!W!I%@>#%#37/7123!I--6#-!!      !     !   !   (S!
!
X#-26'$#-! !        !      !       !      !     !   !   (Y!
!
J>2--/'=!24!K#'%-!! !      !       !      !     !   !   (Z!
!
8$C32B>#5A#%#37-! !        !       !      !     !   !   (T!
!
V@23-2'-!      !    !      !       !      !     !   !   ([!
!
O35327#-!      !    !      !       !      !     !   !   *+




!                                                             R!
3124)5&62+)1!
!
,(#!0(-..#17#!
'#@/'13A!%2'#!7./3!Y+!%1>>123!-765#37-!B17.!7.#!C32B>#5A#!/35!-C1>>-!72!-6$$##5!13!
$2>>#A#!/35!$/'##'-!1-!7.#!A'#/7#-7!%2'/>!/35!#$232%1$!$./>>#3A#!24!26'!#'/9!
!
K.#!-7/C#-!/'#!.1A.9!!8!.1A.!G6/>17=!#56$/7123!B1>>!3/''2B!7.#!/$.1#0#%#37!A/@!/35!
-6&-#G6#37!13$2%#!51015#!B17.13!26'!$2637'=9!!'256$13A!%2'#!A'/56/7#-!B17.!/!%/-7#'=!
24!%/7.!/35!-$1#3$#!B1>>!#3-6'#!8%#'1$/!%/137/13-!17-!>#/5!13!7.#!A>2&/>!13320/7123!
#$232%=9!!!
!
,(#!82-2&'!9&)!
K#$.32>2A=!./-!7'/3-42'%#5!7.#!B/=!B#!>10#)!B2'C!/35!@>/=9!!,#!$/3!$2%%631$/7#!/$'2--!
2$#/3-!/35!$23713#37-!B17.13!-#$235-9!!,#!$/3!&/3C)!-.2@)!/35!523/7#!-#$6'#>=!4'2%!7.#!
$230#31#3$#!24!26'!.2%#-!2'!2441$#-9!!,#!$/3!B2'C!'#%27#>=)!#0#3!13!@>/3#-)!B17.267!>2-13A!
@'256$71017=!/35!247#3!13$'#/-13A!179!!,#!$/3!#37#'7/13!26'-#>0#-!B17.!/!@>#7.2'/!24!&22C-)!
015#2-!/35!A/%#-!F!/$$#--1&>#!/7!/!%2%#37?-!3271$#!7.'26A.!7.#!I37#'3#79!!!
!
]#7)!26'!-$.22>!-=-7#%!'#%/13-)!&=!/35!>/'A#)!7.#!-/%#!/-!17!B/-!4147=!=#/'-!/A29!!K.#!
20#'B.#>%13A!%/H2'17=!24!-765#37-!/77#35!/!&'1$C!/35!%2'7/'!-$.22>!42'!/!-#7!36%&#'!24!
.26'-!23!/!-#7!36%&#'!24!5/=-!&/-#5!@'1%/'1>=!23!/3!/A'/'1/3!$/>#35/'9!!V765#37-!-17!/7!
5#-C-!/35!$23-6%#!$237#37!13!7#;7&22C-!7./7!%/=!/>'#/5=!&#!2675/7#59!
!
,(#!:#'&.2'!
K.#!'#-6>7-!24!7.#!-7/76-!G62!/'#!51-%/>9!!!
!
:3#E7.1'5!24!426'7.!A'/5#'-!/35!23#EG6/'7#'!24!#1A.7.!A'/5#'-!/'#!463$7123/>>=!1>>17#'/7#)!
/$$2'513A!72!7.#!U/7123/>!8--#--%#37!24!O56$/7123/>!'2A'#--91!!!
!
U#/'>=!23#E7.1'5!24!-765#37-!523?7!#/'3!/!.1A.!-$.22>!51@>2%/9!!L/-7!=#/')!(9R!%1>>123!^9V9!
-765#37-!4/1>#5!72!A'/56/7#!4'2%!.1A.!-$.22>9!!K.1-!=#/')!/3!/0#'/A#!24!T)*++!-765#37-!E!
#0#'=!5/=!E!B1>>!5'2@!267!24!-$.22>911!!!
!
83!#-71%/7#5!_(!&1>>123!1-!-@#37!#/$.!=#/'!23!$2>>#A#!'#%#51/7123!F!C32B>#5A#!-765#37-!
B#'#!-6@@2-#5!72!2&7/13!13!.1A.!-$.22>9111!
!
8%23A!7.#!72@!R+!1356-7'1/>1<#5!$2637'1#-)!^9V9!.1A.!-$.22>!-765#37-!'/3C!*(-7!13!-$1#3$#!
/35!*Y7.!13!%/7.910!
!
,(#!0-2-.;'2!/)4!,4-1'/)4<+17!=5&6-2+)1!!
"1A17/>!>#/'313A!$/3!7'/3-42'%!#56$/71239!!!
!
K#$.32>2A=!./-!7.#!@2B#'!/35!-$/>/&1>17=!72!$6-72%1<#!#56$/7123!-2!#/$.!/35!#0#'=!
-765#37!>#/'3-!13!.1-!2'!.#'!2B3!-7=>#!/7!.1-!2'!.#'!2B3!@/$#)!B.1$.!%/;1%1<#-!7.#!$./3$#-!


!                                                                                          S!
42'!-6$$#--!13!-$.22>9!!!I7!244#'-!7#/$.#'-!/3!#44#$710#!B/=!72!20#'$2%#!$./>>#3A#-!/35!&#77#'!
#56$/7#!-765#37-!24!/>>!>#/'313A!3##5-9!!!
!
"1A17/>!>#/'313A!1-!7.#!A'#/7!#G6/>1<#'9!!I7!.2>5-!7.#!@'2%1-#!24!#;7#3513A!/$$#--!72!'1A2'26-!
.1A.!G6/>17=!13-7'6$7123!72!#0#'=!-765#37!/$'2--!8%#'1$/)!'#A/'5>#--!24!>/3A6/A#)!<1@!$25#)!
13$2%#!>#0#>-)!2'!-@#$1/>!3##5-9!!U#B!722>-!/35!1%@'20#5!-#'01$#-!B1>>!.#>@!-$.22>-!
51/A32-1-!/35!/55'#--!-@#$1/>!>#/'313A!3##5-!%2'#!#44#$710#>=!/35!#441$1#37>=9!!!!
!
"1A17/>!>#/'313A!1-!/!@'20#3!%#7.259!!`2'!%2'#!7./3!/!5#$/5#)!$2'@2'/7123-0)!7.#!%1>17/'=!
/35!.1A.#'!#56$/712301!./0#!6-#5!%6>71@>#!%25#-!24!13-7'6$7123!72!$'#/7#!/!'/@15!/35!
#441$1#37!@/7.!72!%/-7#'=9!!I3!-2%#!$2637'1#-)!51A17/>!>#/'313A!1-!/>'#/5=!/3!137#A'/>!@/'7!24!
7.#!#56$/7123!-=-7#%9!!I3!7.#!^317#5!V7/7#-)!/3!13$'#/-13A!36%&#'!24!aE(*!-$.22>!%25#>-!
/'#!671>1<13A!7.#!&#-7!24!23>13#!/35!&>#35#5!>#/'313A9!!K.#!4/$7!1-!51A17/>!137#'/$7123!/35!
>#/'313A!7.'26A.!-2$1/>!%#51/)!7.#!I37#'3#7)!/35!%2&1>#!5#01$#-!/'#!/!B/=!24!>14#!42'!%2-7!
7##3-!#0#'=B.#'#!#;$#@7!13!#56$/71239!!!
!
,17.!51A17/>!>#/'313A)!-765#37-!B1>>!>#/'3!%2'#)!7#/$.#'-!B1>>!&#!@'2015#5!3#B!722>-!/35!
-C1>>-)!/35!-$.22>-!B1>>!&#!%2'#!@'256$710#9!!!
!
,&41+17!>$'2-6.#'!+12)!>??)42&1+2+#'!
J'2B13A!&65A#7!5#41$17-!/35!-.'13C13A!7/;!'#0#36#!@'#-#37!/!7'#%#3526-!$./>>#3A#!42'!7.#!
3/7123?-!J20#'32'-!/35!>/B%/C#'-)!#-@#$1/>>=!B.#3!#56$/7123!-2%#71%#-!$23-6%#-!6@!72!
./>4!24!/!-7/7#?-!&65A#79!!P2B#0#')!B./7!%1A.7!/@@#/'!72!&#!/3!2&-7/$>#!72!'#42'%!$/3!/>-2!
@'#-#37!/!A'#/7!2@@2'76317=!42'!13320/71239!
!
D61>513A!/!.1A.!G6/>17=!#56$/7123!-=-7#%!1-!/3!130#-7%#37!13!7.#!4676'#!#$232%=9!!
'256$13A!/!C32B>#5A#/&>#!/35!-C1>>#5!B2'C42'$#!B1>>!A10#!-7/7#-!/!$2%@#71710#!#5A#!13!7.#!
A>2&/>!'/$#!42'!$/@17/>!/35!7.#!.1A.EB/A#!H2&-!7./7!130#-7%#37!$'#/7#-9!!I7!1-!/!>23AE7#'%!
-7'/7#A=!B17.!.6A#!'#76'3-)!B.1$.!247#3!%/7#'1/>1<#!/47#'!7.#!J20#'32'-!/35!>/B%/C#'-!
B.2!$./%@123#5!'#42'%!./0#!>#47!@2>171$/>!2441$#9!!!
!
P2B#0#')!-@#3513A!%2'#!%23#=!B17.267!$./3A13A!7.#!-=-7#%!2'!/5513A!/!>/=#'!24!51A17/>!
>#/'313A!20#'!7.#!$6''#37!-=-7#%!1-!327!7.#!/3-B#'9!!I3-7#/5)!#56$/7123!3##5-!72!7'/3-17123!
1372!7.#!51A17/>!/A#)!B.1$.!%#/3-!/52@713A!/!3#B!B/=!24!2@#'/713A9!
!
`2'!#;/%@>#)!&>#35#5!>#/'313A!13$2'@2'/7#-!/3!137#37123/>!-.147!24!13-7'6$7123!72!/3!23>13#!
2'!7#$.32>2A=E&/-#5!#301'23%#379!!V765#37-!-@#35!/!@2'7123!24!7.#!5/=!>#/'313A!23!/!
$2%@67#'!/35!/!@2'7123!13!/!%2'#!7'/517123/>!$>/--'22%!-#7713A9!!!K.1-!13320/710#!/@@'2/$.!
#44#$710#>=!13$2'@2'/7#-!#3A/A13A!>#--23-)!/5/@710#!$6''1$6>6%)!01'76/>!#301'23%#37-)!/35!
>#/'313A!A/%#-!23!,#&!*9+!@>/742'%-)!B.1$.!&22-7!>#/'313A9!!87!7.#!-/%#!71%#)!7.1-!%25#>!
/>>2B-!5144#'#371/7#5!/35!51-7'1&67#5!-7/4413A!b19#9!5144#'#37!>#0#>-!/35!>2$/7123-c)!B.1$.!
-/0#-!%23#=!/35!#;7#35-!7.#!'#/$.!24!#44#$710#!7#/$.#'-!&=!/>>2B13A!7.#%!72!7#/$.!%2'#!
-765#37-!13!-%/>>#')!%2'#!@#'-23/>1<#5!-#7713A-9!
!
!
!


!                                                                                            Y!
@##2+17!2(#!0(-..#17#!
d#&!D6-.)!J20#'32'!24!`>2'15/!([[e!F!*++T)!/35!D2&!,1-#)!J20#'32'!24!,#-7!f1'A131/!*++(!
F!*++Y)!>/63$.#5!7.#!"1A17/>!L#/'313A!M263$1>!72!15#3714=!@2>1$1#-!7./7!B1>>!137#A'/7#!$6''#37!
/35!4676'#!7#$.32>2A1$/>!13320/7123-!1372!@6&>1$!#56$/71239!K.#!"1A17/>!L#/'313A!M263$1>!
6317#5!/!510#'-#!A'26@!24!%2'#!7./3!(++!>#/5#'-!4'2%!#56$/7123)!A20#'3%#37)!
@.1>/37.'2@=)!&6-13#--)!7#$.32>2A=)!/35!7.13C!7/3C-!72!5#0#>2@!7.#!'2/5%/@!24!'#42'%!42'!
-7/7#!>/B%/C#'-!/35!@2>1$=%/C#'-9!
!
K.#!"1A17/>!L#/'313A!M263$1>!B/-!$2%%1--123#5!B17.!/!-#7!24!A61513A!@'13$1@>#-g!
    • 8-@1'/7123/>g!!K.#!#>#%#37-!/'#!&2>59!!,.#3!/$.1#0#5)!7.#!#>#%#37-!B1>>!7'/3-42'%!
        #56$/7123!42'!7.#!51A17/>!/A#9!
    • M2%@'#.#3-10#g!K.#!#>#%#37-!#3$2%@/--!7#$.32>2A=E#3./3$#5!>#/'313A!13!
        7'/517123/>!-$.22>-)!23>13#!/35!01'76/>!>#/'313A)!/35!&>#35#5!>#/'313A!%25#>-!7./7!
        $2%&13#!23>13#!/35!23-17#!>#/'313A9!
    • V7/7#E42$6-#5g!K.#!#>#%#37-!/'#!51'#$7#5!72B/'5!-7/7#!>/B-!/35!@2>1$1#-!B17.!7.#!
        '#$2A317123!7./7!4#5#'/>!/35!>2$/>!A20#'3%#37-!/>-2!@>/=!/!'2>#!13!@'201513A!/!.1A.!
        G6/>17=!#56$/71239!!
    • N#/-6'/&>#g!K.#!#>#%#37-!$/3!&#!%#/-6'#59!
    • L23AE7#'%g!K.#!#>#%#37-!$'#/7#!/!'2/5%/@!42'!-7/7#-!72!/$.1#0#!/!.1A.!@#'42'%13A!
        #56$/7123!-=-7#%!42'!7.#!>23AE7#'%9!!V7/7#-!-.26>5!&#!%#/-6'#5!&/-#5!23!7.#1'!
        @'2A'#--!72B/'5!/$.1#013A!7.#!#>#%#37-9!
!
K.#!"1A17/>!L#/'313A!M263$1>!5#413#5!7.#!#>#%#37-!/35!15#37141#5!7.#!/$7123-!7./7!3##5!72!&#!
7/C#3!&=!>/B%/C#'-!/35!@2>1$=%/C#'-!72!42-7#'!/!.1A.!G6/>17=)!$6-72%1<#5!#56$/7123!42'!/>>!
-765#37-9!!K.1-!13$>65#-!7#$.32>2A=E#3./3$#5!>#/'313A!13!7'/517123/>!-$.22>-)!23>13#!/35!
01'76/>!>#/'313A)!/35!&>#35#5!>#/'313A!7./7!$2%&13#-!23>13#!/35!23-17#!>#/'313A9!!K.#!
#>#%#37-)!@2>1$1#-)!/35!'#$2%%#35/7123-!B#'#!&/-#5!23!13@67!/35!4##5&/$C!4'2%!%#%&#'-!
#;@'#--#5!56'13A!13510156/>!137#'01#B-)!%2'#!7./3!S+!B#&!$234#'#3$#-!/35!01/!#%/1>9!!!
!
AB!=.#<#12'!)/!C+7(!9&-.+2;!D+7+2-.!E#-41+17!
    (9 82&5#12!=.+7+$+.+2;F!!8>>!-765#37-!/'#!51A17/>!>#/'3#'-9!
    *9 82&5#12!G66#''F!!8>>!-765#37-!./0#!/$$#--!72!.1A.!G6/>17=!51A17/>!$237#37!/35!23>13#!
        $26'-#-9!
    R9 H#4')1-.+I#5!E#-41+17F!!8>>!-765#37-!$/3!$6-72%1<#!7.#1'!#56$/7123!6-13A!51A17/>!
        $237#37!7.'26A.!/3!/@@'20#5!@'2015#'9!
    S9 G5J-16#<#12F!!V765#37-!@'2A'#--!&/-#5!23!5#%23-7'/7#5!$2%@#7#3$=9!
    Y9 0)12#12F!!"1A17/>!$237#37)!13-7'6$7123/>!%/7#'1/>-)!/35!23>13#!/35!&>#35#5!>#/'313A!
        $26'-#-!/'#!.1A.!G6/>17=9!
    Z9 31'24&62+)1F!"1A17/>!13-7'6$7123!/35!7#/$.#'-!/'#!.1A.!G6/>17=9!
    T9 H4)J+5#4'F!!8>>!-765#37-!./0#!/$$#--!72!%6>71@>#!.1A.!G6/>17=!@'2015#'-9!
    e9 G''#''<#12!-15!G66)&12-$+.+2;F!!V765#37!>#/'313A!1-!7.#!%#7'1$!42'!#0/>6/713A!7.#!
        G6/>17=!24!$237#37!/35!13-7'6$71239!
    [9 K&15+17F!!!`63513A!$'#/7#-!13$#3710#-!42'!@#'42'%/3$#)!2@7123-!/35!13320/71239!
    (+9 D#.+J#4;F!!I34'/-7'6$76'#!-6@@2'7-!51A17/>!>#/'313A9!




!                                                                                            Z!
AB!=.#<#12'!)/!C+7(!9&-.+2;!D+7+2-.!E#-41+17!
!
!" #$%&'($)*+,-,.,+,$/0)1++)2$%&'($2)34')&,-,$3+)+'34('42"))
    )
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!#3-6'#-!/$$#--!72!.1A.!G6/>17=!51A17/>!$237#37!/35!23>13#!$26'-#-!72!/>>!
        -765#37-9!
    • V7/7#!#3-6'#-!/$$#--!72!.1A.!G6/>17=!51A17/>!$237#37!/35!23>13#!$26'-#-!72!-765#37-!13!
        aE(*!/7!/3=!71%#!13!7.#1'!/$/5#%1$!$/'##'9!
!
8>>!-765#37-!./0#!/!'1A.7!72!/!.1A.!G6/>17=!#56$/71239!!I3!7.#!*(-7!$#376'=)!/!.1A.!G6/>17=!
#56$/7123!%6-7!13$>65#!51A17/>!>#/'313A9!!!
!
V765#37-!B.2!/'#!#>1A1&>#!42'!@6&>1$!-$.22>!-.26>5!&#!#>1A1&>#!42'!@6&>1$>=!4635#5!51A17/>!
>#/'313A9!!O-7/&>1-.13A!$'17#'1/!42'!#>1A1&1>17=)!-6$.!/-!@'#0126-!/77#35/3$#!13!/!@6&>1$!-$.22>)!
23>=!>1%17-)!5#>/=-!/35!51%131-.#-!2@@2'763171#-!42'!>#/'313A9!!!
!
V%/>>!13$'#/-#-!13!@6&>1$!-$.22>!#3'2>>%#37!%/=!&#!244-#7!&=!>2B#'!$2-7!01'76/>!$26'-#-!/35!
-/013A-!A/13#5!&=!#/'>=!A'/56/71239!!
!
<" #$%&'($)155'220)1++)2$%&'($2)=3>')355'22)$6)=,-=)?%3+,$/)&,-,$3+)56($'($)3(&)6(+,(')
    56%42'2")
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!52#-!327!'#-7'1$7!/$$#--!72!.1A.!G6/>17=!51A17/>!$237#37!/35!23>13#!$26'-#-!B17.!
        @2>1$1#-!-6$.!/-!$>/--!-1<#!'/712-!/35!$/@-!23!#3'2>>%#37!2'!&65A#79!
    • V7/7#!52#-!327!'#-7'1$7!/$$#--!72!.1A.!G6/>17=!51A17/>!$237#37!/35!23>13#!$26'-#-!
        &/-#5!23!A#2A'/@.=)!-6$.!/-!-$.22>!51-7'1$7)!$2637=)!2'!-7/7#9!
    • V7/7#!'#G61'#-!-765#37-!7/C#!.1A.!G6/>17=!23>13#!$2>>#A#E2'!$/'##'E@'#@!$26'-#-!72!
        #/'3!/!.1A.!-$.22>!51@>2%/9!
!
"1A17/>!>#/'313A!2@#3-!7.#!01'76/>!522'!72!/!.1A.!G6/>17=!#56$/71239!!,.#'#!7#$.32>2A=!./-!
$'#/7#5!63@'#$#5#37#5!/$$#--!72!/!.1A.!G6/>17=!#56$/7123)!@2>1$1#-!7./7!>1%17!2'!$237'2>!
/$$#--!7.'#/7#3!72!&61>5!01'76/>!&/''1#'-!B.#'#!7.#!B/>>-!./0#!/>'#/5=!$2%#!52B39!!
N2'#20#')!'#-7'1$713A!/$$#--!&/-#5!23!A#2A'/@.=)!-6$.!/-!B.#'#!/!-765#37!>10#-)!1-!1>>2A1$/>!
13!7.#!51A17/>!B2'>5!B.#'#!>#/'313A!$/3!2$$6'!/3=B.#'#!/35!#0#'=B.#'#9!!!
!
M/@/$17=!F!327!/'&17'/'=!$/@-!23!#3'2>>%#37!2'!&65A#7!F!-.26>5!&#!7.#!23>=!4/$72'!13!
>1%1713A!/$$#--!72!51A17/>!>#/'313A9!!8!36%&#'!13!-7/7#!-7/767#!-.26>5!327!5#3=!/!-765#37!
/$$#--!72!51A17/>!>#/'313A!B.#'#!-@/$#!1-!/0/1>/&>#9!!!
!
,17.!51A17/>!>#/'313A)!7#/$.#'-!$/3!@'2015#!23#E23E23#!13-7'6$7123!/35!%#372'13A!72!%/3=!
-765#37-!/$'2--!7.#!3/71239!8'7141$1/>>=!>1%1713A!$>/--!-1<#)!@'#-$'1&13A!7#/$.#'E-765#37!'/712-!



!                                                                                               T!
2'!'#-7'1$713A!/!7#/$.#'?-!/&1>17=!72!-#'0#!-765#37-!/7!%6>71@>#!-$.22>-!1A32'#-!7.#!4'##52%!
/35!4>#;1&1>17=!7./7!$2%#-!B17.!51A17/>!>#/'313A9!!!
!
X#G61'13A!-765#37-!72!7/C#!/!.1A.!G6/>17=!$2>>#A#!@'#@!23>13#!$26'-#!#3-6'#-!-765#37-!/'#!
&#77#'!@'#@/'#5!72!-6$$##5!13!>14#!/47#'!A'/56/7123!13!7.#!51A17/>!/A#9!!8!'2&6-7!244#'13A!24!
51A17/>!$237#37!/35!23>13#!$26'-#-!#;@/35-!2@7123-!/35!#3-6'#-!-765#37-!/$G61'#!
C32B>#5A#!/35!A/13!-C1>>-!4'2%!7.#!#;@#'1#3$#!24!51A17/>!>#/'313A9!
!
@" A'426(3+,B'&)C'34(,(-0)1++)2$%&'($2)53()5%2$69,B')$=',4)'&%53$,6()%2,(-)&,-,$3+)
    56($'($)$=46%-=)3()3;;46>'&);46>,&'4")
!
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!/>>2B-!-765#37-!72!7/C#!23>13#!$>/--#-!46>>E71%#)!@/'7E71%#!2'!&=!13510156/>!
        $26'-#9!
    • V7/7#!/>>2B-!-765#37-!72!#3'2>>!B17.!%6>71@>#!@'2015#'-!/35!&>#35!23>13#!$26'-#-!
        B17.!23-17#!>#/'313A9!
    • V7/7#!/>>2B-!'2>>13A!#3'2>>%#37!=#/'!'26359!
    • V7/7#!52#-!327!>1%17!7.#!36%&#'!$'#517-!#/'3#5!23>13#9!
    • V7/7#!52#-!327!>1%17!@'2015#'!2@7123-!42'!5#>10#'13A!13-7'6$71239!!
!
"1A17/>!>#/'313A!/>>2B-!/3!13510156/>1<#5!#56$/7123/>!#;@#'1#3$#9!!!
!
I3!725/=?-!B2'>5)!>#/'313A!52#-3?7!./0#!72!-7/'7!B.#3!/!-765#37!#37#'-!7.#!$>/--'22%!/35!
#35!B.#3!7.#!-$.22>!&#>>!'13A-9!!V765#37-!$/3!/$$#--!51A17/>!>#/'313A!01'76/>>=!B.#3#0#'!/35!
B.#'#0#'!7.#=!/'#!F!&27.!@.=-1$/>>=!/35!41A6'/710#>=9!!!
!
8$$#--!72!/!$2%@'#.#3-10#!$/7/>2A!24!23>13#!$26'-#-!%#/3-!/!-765#37!13!'6'/>!I351/3/!2'!
133#'!$17=!"#7'217!$/3!>#/'3!N/35/'13!M.13#-#)!42'#3-1$!-$1#3$#!2'!$2>>#A#E>#0#>!$/>$6>6-!F!
'#A/'5>#--!24!B.#7.#'!7.#1'!-$.22>!244#'-!7.#-#!$26'-#-!13!/!$>/--'22%9!!!
!
,17.!@#'-23/>1<#5!>#/'313A)!-765#37-!$/3!-@#35!/-!>177>#!2'!/-!%6$.!71%#!/-!7.#=!3##5!72!
%/-7#'!7.#!%/7#'1/>9!!V#>4E@/$#5!@'2A'/%-!%#/3!.1A.!/$.1#013A!-765#37-!B23?7!A#7!&2'#5!
/35!$/3!/$$#>#'/7#!/$/5#%1$/>>=)!B.1>#!-7'6AA>13A!-765#37-!$/3!A#7!/5517123/>!71%#!/35!
7672'13A!72!A/13!$2%@#7#3$=!/35!7.#!$23415#3$#!7./7!$2%#-!B17.!179!
!
"1A17/>!>#/'313A!$/3!#;7#35!7.#!-$.22>!5/=!2'!-$.22>!=#/'!/35!$233#$7!-765#37-!B17.!
$2%%6317=!'#-26'$#-!B17.!>177>#!2'!32!/5517123/>!$2-79!!`>#;1&>#!-$.#56>13A!/>>2B-!-765#37-!
72!7/C#!46>>!/50/37/A#!24!7.#1'!@#/C!>#/'313A!71%#-!72!$2%@>#7#!>#--23-9!!K2!%171A/7#!7.#!$2-7!
24!#;7#3513A!7.#!-$.22>!=#/')!-7/7#-!$26>5!@'2015#!51A17/>!$237#37!RZY!5/=-!/!=#/'!&67!>1%17!
13-7'6$7123/>!-6@@2'7!72!-.2'7#'!71%#4'/%#-9!!!
!
D#-7!24!/>>)!-765#37-!$/3!#;@#'1#3$#!&>#35#5!>#/'313A9!!V765#37-!$/3!>#/'3!13!/3!23>13#!2'!
$2%@67#'E&/-#5!#301'23%#37!@/'7!24!7.#!5/=!/35!13!7'/517123/>!$>/--'22%)!#0#3!23#E23E
23#!7672'13A)!42'!@/'7!24!7.#!5/=!F!#--#371/>>=!7.#!&#-7!24!&27.!B2'>5-!$2%&13#5!1372!23#!
#56$/71239!!!
!


!                                                                                            e!
D" 1&>3(5'9'($0)#$%&'($2);46-4'22).32'&)6()&'96(2$43$'&)569;'$'(5/")
    )
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!'#G61'#-!%/7'1$6>/7123!&/-#5!23!5#%23-7'/7#5!$2%@#7#3$=9!
    • V7/7#!52#-!327!./0#!/!-#/7E71%#!'#G61'#%#37!42'!%/7'1$6>/71239!
    • V7/7#!@'2015#-!/--#--%#37-!B.#3!-765#37-!/'#!'#/5=!72!$2%@>#7#!7.#!$26'-#!2'!63179!
!
J'/5#!>#0#>!@'2%27123!./-!.1-72'1$/>>=!&##3!51$7/7#5!&=!&1'7.5/=-)!/77#35/3$#!/35!
%131%6%!/$.1#0#%#379!!I3-7'6$7123/>!@/$13A)!/1%#5!/7!7.#!%155>#!24!7.#!$>/--)!%/=!&#!722!
4/-7!2'!722!->2B!42'!-2%#!-765#37-!B.2!&#$2%#!4'6-7'/7#5)!51-#3A/A#5!/35!63%2710/7#59!!
!
"1A17/>!>#/'313A!244#'-!7.#!@27#371/>!42'!-765#37-!72!-765=!/7!7.#1'!2B3!@/$#!/35!/50/3$#!
&/-#5!6@23!$2%@#7#3$=!/35!%/-7#'=!24!7.#!%/7#'1/>!h!17!1-!-765#37E$#37#'#5)!327!-$.22>E
$#37#'#59!!I3!7.1-!#301'23%#37)!-#/7!71%#!'#G61'#%#37-!/35!7.#!/>>E722E$2%%23!@'/$71$#!24!
-2$1/>!@'2%27123!&#$2%#!2&-2>#7#9!!8!-765#37!B1>>!-@#35!/-!%6$.!71%#!/-!3#$#--/'=!72!A/13!
$2%@#7#3$=9!!85517123/>>=)!51A17/>!>#/'313A!/5/@7-!72!-176/7123-!B.#'#!/!-765#37!1-!/.#/5!13!
23#!-6&H#$7!/35!&#.135!13!/327.#'9!!!
!
N/C13A!.1A.!-7/C#-!/--#--%#37-)!B.1$.!/'#!6-#5!72!7'1AA#'!@'2A'#--123)!/0/1>/&>#!B.#3!
-765#37-!/'#!'#/5=!B1>>!/$$#>#'/7#!-765#37!>#/'313A9!
    )
E" F6($'($0))G,-,$3+)56($'($H),(2$4%5$,6(3+)93$'4,3+2H)3(&)6(+,(')3(&).+'(&'&)+'34(,(-)
    56%42'2)34')=,-=)?%3+,$/")
    )
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!'#G61'#-!51A17/>!$237#37!/35!23>13#!/35!&>#35#5!>#/'313A!$26'-#-!72!&#!/>1A3#5!
        B17.!-7/7#!-7/35/'5-!2'!$2%%23!$2'#!-7/35/'5-!B.#'#!/@@>1$/&>#9!
!
K.#!5=3/%1$!3/76'#!24!51A17/>!$237#37!/35!17-!0/'1#5!6-#-!'#G61'#-!/!4'#-.!/35!13320/710#!
/@@'2/$.!72!#3-6'13A!.1A.!G6/>17=!$237#379!!L1C#!@'137!$237#37)!51A17/>!$237#37!-.26>5!&#!
/>1A3#5!72!-7/7#!/$/5#%1$!-7/35/'5-!2'!$2%%23!$2'#!-7/35/'5-!42'!B./7!-765#37-!/'#!
#;@#$7#5!72!>#/'39!!P2B#0#')!51A17/>!$237#37!-.26>5!327!&#!.#>5!72!.1A.#'!-7/35/'5!7./3!
@'137!$237#379!!`'##52%!42'!137#'/$710#!#3A/A#%#37!7./7!'#-6>7-!13!.1A.#'!-765#37!'#7#37123!
/35!/$.1#0#%#37!-.26>5!&#!#3$26'/A#59!
!
V7/7#-!-.26>5!/&/3523!7.#!>#3A7.=!7#;7&22C!/52@7123!@'2$#--!/35!#%&'/$#!7.#!4>#;1&1>17=!
244#'#5!&=!51A17/>!$237#379!"1A17/>!$237#37!$/3!&#!6@5/7#5!13!'#/>!71%#!B17.267!/!$2-7>=!
'#@'1379!!K.#!23A213A!-.147!4'2%!23>13#!7#;7&22C-!72!#3A/A13A!/35!@#'-23/>1<#5!$237#37)!
13$>6513A!>#/'313A!A/%#-)!-1%6>/7123-)!/35!01'76/>!#301'23%#37-)!%/C#-!7.#!7'/517123/>!
'#01#B!@'2$#--!#0#3!>#--!'#>#0/379!
!
K'/3-1712313A!72!51A17/>!$237#37!B1>>!1%@'20#!7.#!G6/>17=!24!$237#37)!B.1>#!>1C#>=!-/013A!
%23#=!13!@'256$7123!7./7!$/3!&#!5#51$/7#5!72!@'201513A!7.#!134'/-7'6$76'#!42'!51A17/>!
>#/'313A9!
    )
I" J(2$4%5$,6(0)G,-,$3+),(2$4%5$,6()3(&)$'35='42)34')=,-=)?%3+,$/")


!                                                                                           [!
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!@'2015#-!/>7#'3/710#!$#'7141$/7123!'267#-)!13$>6513A!23>13#!13-7'6$7123!/35!
        @#'42'%/3$#E&/-#5!$#'7141$/71239!
    • V7/7#!@'2015#-!$#'7141$/7123!'#$1@'2$17=!42'!23>13#!13-7'6$72'-!$#'7141#5!&=!/327.#'!
        -7/7#9!!
    • V7/7#!$'#/7#-!7.#!2@@2'76317=!42'!%6>71E>2$/7123!13-7'6$71239!!
    • V7/7#!#3$26'/A#-!@2-7E-#$235/'=!13-71767123-!B17.!7#/$.#'!@'#@/'/7123!@'2A'/%-!72!
        244#'!7/'A#7#5!51A17/>!13-7'6$7123!7'/1313A9!!!
    • V7/7#!#3-6'#-!7./7!7#/$.#'-!./0#!@'24#--123/>!5#0#>2@%#37!2'!7'/1313A!72!&#77#'!
        671>1<#!7#$.32>2A=!/35!&#42'#!7#/$.13A!/3!23>13#!2'!&>#35#5!>#/'313A!$26'-#9!
    !
J'#/7!7#/$.#'-!@'256$#!A'#/7!-765#37-!F!B.#'#0#'!7.#=!>10#!2'!>#/'39!!"1A17/>!>#/'313A!
#'/-#-!@.=-1$/>!&/''1#'-!7./7!./0#!@'#0#37#5!7.#!B15#-@'#/5!$233#$7123!&#7B##3!#44#$710#!
7#/$.#'-!/35!#/A#'!-765#37-9!!V7/7672'=!/35!/5%131-7'/710#!@'/$71$#-!7./7!-72@!13-7'6$7123!F!!
/7!7.#!$>/--'22%!522')!-$.22>!$/%@6-)!-7/7#!&2'5#'!2'!#0#3!7.#!3/7123?-!&2'5#'!F!>1%17!
/$$#--!72!G6/>17=!#56$/72'-9!!!
!
8!'#71'#5!U8V8!-$1#371-7!13!M/@#!M/3/0#'/>!B.2!1-!G6/>141#5!72!7#/$.!@.=-1$-!13!7.#!V63-.13#!
V7/7#!-.26>5!&#!/&>#!72!7#/$.!-765#37-!13!/3=!-7/7#!13!7.#!$2637'=9!!8!51A17/>!#56$/72'!13!23#!
-$.22>!-.26>5!&#!/&>#!72!7#/$.!-765#37-!13!%6>71@>#!-$.22>-!13E-7/7#!2'!267E24E-7/7#9!
!
'#@/'/7123!/35!@'24#--123/>!5#0#>2@%#37!@'2A'/%-!-.26>5!#56$/7#!7#/$.#'-!/35!
/5%131-7'/72'-!23!.2B!72!#3A/A#!-765#37-)!@#'-23/>1<#!>#/'313A)!7#/$.!23>13#!/35!%/3/A#!
>#/'313A!#301'23%#37-9!!O56$/72'-!-.26>5!&#!@'#@/'#5!42'!-@#$141$!'2>#-!F!7'/517123/>)!
&>#35#5!2'!23>13#!F!/35!7.#3!$#'7141#5!&/-#5!23!5#%23-7'/7#5!@#'42'%/3$#9!!#'42'%/3$#E
&/-#5!$#'7141$/7123!B1>>!&#$2%#!13$'#/-13A>=!1%@2'7/37!/-!7.#!36%&#'!/35!7=@#!24!'2>#-!42'!
>#/'313A!@'24#--123/>-!#;@/35-9!!
!
D'#/C13A!52B3!7.#!&/''1#'-!72!51A17/>!13-7'6$7123!$/3!1%@'20#!7.#!G6/>17=!24!#56$/7123)!
B.1>#!/7!7.#!-/%#!71%#!'#56$#!$2-7-9!!K#/$.#'-!$/3!-#'0#!-765#37-!/$'2--!7.#!-7/7#!2'!3/7123!
4'2%!23#!>2$/71239!!"1A17/>!>#/'313A!>#35-!17-#>4!72!13320/710#!-7/4413A!@>/3-!/35!42'%/7123!24!
/3!2@@2'76317=!$6>76'#!7./7!1-!/@@#/>13A!#326A.!72!/77'/$7!/35!'#7/13!72@!7#/$.13A!7/>#37)!
/35!72!%/;1%1<#!1%@/$7!/35!%131%1<#!$2-79!!!
    )
K" A46>,&'420)1++)2$%&'($2)=3>')355'22)$6)9%+$,;+')=,-=)?%3+,$/);46>,&'42")
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!./-!/3!2@#3)!7'/3-@/'#37)!#;@#517126-!/@@'20/>!@'2$#--!42'!51A17/>!>#/'313A!
        @'2015#'-9!
    • V7/7#!@'2015#-!-765#37-!B17.!/$$#--!72!%6>71@>#!/@@'20#5!@'2015#'-!13$>6513A!
        @6&>1$)!@'10/7#!/35!323@'24179!
    • V7/7#!7'#/7-!/>>!/@@'20#5!#56$/7123!@'2015#'-E!@6&>1$)!$./'7#'#5)!327E42'E@'2417)!/35!
        @'10/7#!F!#G6/>>=9!
    • V7/7#!@'2015#-!/>>!-765#37-!B17.!/$$#--!72!/>>!/@@'20#5!@'2015#'-9!
    • V7/7#!./-!32!/5%131-7'/710#!'#G61'#%#37-!7./7!B26>5!633#$#--/'1>=!>1%17!


!                                                                                            (+!
@/'71$1@/7123!24!.1A.!G6/>17=!@'2015#'-!b#9A9!2441$#!>2$/7123c9!!
    •   V7/7#!@'2015#-!#/-=E72E635#'-7/35!1342'%/7123!/&267!51A17/>!>#/'313A)!13$>6513A!
        @'2A'/%-)!$237#37)!$26'-#-)!7672'-)!/35!27.#'!51A17/>!'#-26'$#-)!72!-765#37-9!!
    !
I3!7.#!51A17/>!/A#)!13320/710#!>#/'313A!@'2A'/%-!/'#!'/@15>=!#02>013A!/35!@'2015#'-!$/3!&#!
>2$/7#5!/3=B.#'#9!!X#A6>/7123-!-.26>5!'#4>#$7!7.1-!3#B!@/'/51A%9!
!
K2!%/;1%1<#!7.#!@27#371/>!24!51A17/>!>#/'313A)!-7/7#-!%6-7!@'2015#!/!'1$.!244#'13A!24!
@'2015#'-!7./7!$/3!$/7#'!72!7.#!510#'-#!/35!51-713$7>=!631G6#!3##5-!24!5144#'#37!-765#37-9!!
V7/7#-!-.26>5!-#7!$2%%23E-#3-#!-7/35/'5-!42'!#37'=)!./0#!/!-7'23A!-=-7#%!24!20#'-1A.7!/35!
G6/>17=!$237'2>)!/35!42-7#'!/!'2&6-7!$2%@#71710#!#301'23%#37!B.#'#!-765#37-!$/3!$.22-#!
7.#!@'2015#'!B.2!&#-7!%##7-!7.#1'!>#/'313A!3##5-9!!^33#$#--/'=!/5%131-7'/710#!
'#G61'#%#37-)!-6$.!/-!./013A!/!&'1$C!/35!%2'7/'!2441$#!13!7.#!51-7'1$7!2'!-7/7#)!$'#/7#!
2&-7/$>#-!7./7!@'#0#37!.1A.!G6/>17=!@'2015#'-!4'2%!@/'71$1@/713A9!
!
6&>1$)!327E42'E@'2417!/35!@'10/7#!42'E@'2417!2'A/31</7123-!@'2015#!5144#'#37!&#3#417-!72!7.#!
#56$/7123!$23-6%#'-!F!&27.!7.#!-765#37-!/35!7.#!7/;@/=#'-9!!6&>1$!@'2015#'-!B#'#!
@123##'-!13!51A17/>!>#/'313A!/35!@'2015#!/!'#$2'5!24!@'20#3!-6$$#--!13!@'201513A!
-6@@>#%#37/>!#56$/7123!13!@/'73#'-.1@!B17.!-$.22>!51-7'1$7-9!!U27E42'E@'2417-!#;7#35!/$$#--!
/35!247#3!%/C#!$237'1&67123-!72!2@#3!#56$/7123!'#-26'$#-9!!'10/7#!@'2015#'-!./0#!7.#!
$/@17/>!72!130#-7!13!5#0#>2@%#37!24!.1A.!G6/>17=!$237#37)!$/3!/5%131-7#'!$2%@'#.#3-10#!
-$.22>!%/3/A#%#37!-#'01$#-!/35!244#'!$2>>/&2'/7123!2@@2'763171#-!B17.!7.#1'!3/7123/>!
3#7B2'C!24!-765#37-9!!!
!
M23-6%#'-!24!#56$/7123!F!&27.!-765#37-!/35!@/'#37-!F247#3!@'2015#!7.#!&#-7!4##5&/$C!23!
7.#!G6/>17=!24!@'2015#'-9!!8!@6&>1$>=!/0/1>/&>#!5/7/&/-#!7./7!42-7#'-!/!4##5&/$C!>22@)!-1%1>/'!
72!722>-!6-#5!&=!8%/<23!2'!#D/=)!B26>5!.#>@!@/'#37-!/35!-765#37-!%/C#!1342'%#5!
5#$1-123-!/&267!51A17/>!>#/'313A9!!!
!
L" 122'229'($)3(&)1556%($3.,+,$/0)#$%&'($)+'34(,(-),2)$=')9'$4,5)764)'>3+%3$,(-)$=')
    ?%3+,$/)67)56($'($)3(&),(2$4%5$,6(")
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!/5%131-7#'-!/--#--%#37-!51A17/>>=9!
    • V7/7#!#3-6'#-!/!51A17/>!42'%/710#!/--#--%#37!-=-7#%9!
    • V7/7#!#0/>6/7#-!7.#!G6/>17=!24!$237#37!/35!$26'-#-!@'#52%13/7#>=!&/-#5!23!-765#37!
        >#/'313A!5/7/9!
    • V7/7#!#0/>6/7#-!7.#!#44#$710#3#--!24!7#/$.#'-!&/-#5)!13!@/'7)!23!-765#37!>#/'313A!5/7/9!
    • V7/7#!.2>5-!-$.22>-!/35!@'2015#'-!/$$2637/&>#!42'!/$.1#0#%#37!/35!A'2B7.9!
!
85%131-7#'13A!7#-7-!51A17/>>=!./-!%6>71@>#!&#3#417-9!!K#-7-!$/3!&#!/5%131-7#'#5!/35!-$2'#5!
G61$C>=!/35!#441$1#37>=9!!M2%@67#'1<#5!-$2'13A!@'2015#-!7.#!2@@2'76317=!42'!/!$2-7!#44#$710#!
%#7.25!72!$'#/7#!&#77#'!7#-7-!&#=235!%6>71@>#!$.21$#)!13$>6513A!-1%6>/7123-!/35!
$23-7'6$7#5!'#-@23-#-9!J#7713A!7.#!'#-6>7!24!7#-7-!4/-7#'!$/3!1%@'20#!13-7'6$7123!/-!B#>>!/-!
#;@#517#!'#B/'5-!/35!$23-#G6#3$#-)!B.1$.!$/3!-7'#3A7.#3!/$$2637/&1>17=!42'!>#/'313A9!!!
!


!                                                                                           ((!
L#/'313A!%/3/A#%#37!-=-7#%-)!51A17/>!$6''1$6>6%)!/35!23>13#!-6%%/710#!/35!42'%/710#!
/--#--%#37-!./0#!7.#!51-713$710#!$/@/&1>17=!24!$2>>#$713A!'#/>E71%#!5/7/!23!7.#!@'2A'#--!24!
#/$.!-765#37!/A/13-7!>#/'313A!2&H#$710#-9!!I3-7/37!4##5&/$C!42'!-765#37-!/35!@#'-23/>1<#5!
/3/>=71$-!42'!7#/$.#'-!@'2015#!7.#!-6@@2'7!42'!$23713626-!1%@'20#%#37!/35!$2%@#7#3$=E
&/-#5!@'2A'#--9!!!
!
:67$2%#-!%/77#'9!!V7/7#-!-.26>5!.2>5!-$.22>-!/35!23>13#!@'2015#'-!/$$2637/&>#!6-13A!
-765#37!>#/'313A!72!#0/>6/7#!7.#!G6/>17=!24!$237#37!2'!13-7'6$71239!!'2015#'-!/35!@'2A'/%-!
7./7!/'#!@22'!@#'42'%13A!-.26>5!./0#!7.#1'!$237'/$7-!7#'%13/7#59!!!
!
P1-72'=!./-!@'20#3!7./7!13@67-)!-6$.!/-!7#/$.#'!$#'7141$/7123)!@'2A'/%%/71$!&65A#7-!/35!
7#;7&22C!'#01#B-)!52!327!A6/'/37##!/!G6/>17=!#56$/71239!!I3!4/$7)!7.#-#!'#A6>/72'=!@'2$#--#-!
247#3!-714>#!13320/7123!/35!51%131-.!G6/>17=9!!!2>1$=%/C#'-!-.26>5!'#-1-7!/77#%@7-!72!$'#/7#!
/!$.#$C>1-7!24!13@67-!/35)!13-7#/5)!42$6-!23!5#0#>2@13A!/3!/$$2637/&1>17=!4'/%#B2'C!7./7!1-!
&/-#5!23!267$2%#-9!
!
,.1>#!$230#'-123!72!51A17/>!/--#--%#37-!'#G61'#-!/3!13171/>!130#-7%#37)!7'/3-1712313A!72!/!
51A17/>!-=-7#%!$/3!-/0#!%23#=!13!7.#!>23A!'639!!!
!
M" N%(&,(-0)N%(&,(-)54'3$'2),(5'($,>'2)764);'476493(5'H)6;$,6(2)3(&),((6>3$,6(")
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!463513A!%25#>!@/=-!@'2015#'-!13!13-7/>>%#37-!7./7!13$#37101<#!$2%@>#7123!/35!
        /$.1#0#%#379!
    • V7/7#!/>>2B-!42'!51A17/>!$237#37!72!&#!/$G61'#5!7.'26A.!13-7'6$7123/>!%/7#'1/>!
        &65A#7-!/35!52#-!327!51-$26'/A#!51A17/>!$237#37!B17.!@'137!/52@7123!@'/$71$#-9!
    • V7/7#!463513A!/>>2B-!$6-72%1</7123!24!#56$/7123!13$>6513A!$.21$#!24!@'2015#'-9!
!
"#$!%23#=!1-!-@#37!1-!/-!1%@2'7/37!/-!%#$!&'(%!%23#=!1-!-@#37!23!#56$/71239!!`63513A!
-.26>5!46#>!/$.1#0#%#37!/35!13320/7123)!327!'#B/'5!$2%@>/$#3$=!/35!&6'#/6$'/$=9!!!
!
/=13A!42'!-6$$#--!B1>>!=1#>5!-6$$#--9!!X1A.7!32B)!7.#!%/H2'17=!24!#56$/7123!463513A!'#B/'5-!
/77#35/3$#9!!V$.22>-!A#7!@/15!B.#3!-765#37-!-.2B!6@)!'#A/'5>#--!24!B./7!2'!.2B!%6$.!
-765#37-!>#/'3!2'!/$.1#0#9!!^35#'!7./7!4'/%#B2'C)!17-!32!B235#'!/$.1#0#%#37!1-!-7/A3/379!!!
N2'#20#')!51A17/>!>#/'313A!$/3!/$76/>>=!-/0#!%23#=!13!7.#!>23A!'639!!`6>>E71%#!01'76/>!
-$.22>-!$/3!-/0#!%23#=!23!4/$1>171#-!2'!7'/3-@2'7/7123!$2%@/'#5!72!7'/517123/>!-$.22>-9!!
V6@@>#%#37/>!@'2A'/%-!244#'13A!13510156/>!$26'-#!#3'2>>%#37-!$/3!244#'!#0#3!&1AA#'!
-/013A-!72!-7/7#-!/35!51-7'1$7-9!!8-!51A17/>!>#/'313A!A'2B-)!#$232%1#-!24!-$/>#!B1>>!5'10#!$2-7-!
52B39!!/'73#'-!B17.13!-7/7#-!2'!/$'2--!-7/7#!>13#-!$/3!46'7.#'!13$'#/-#!7.#!@6'$./-13A!
@2B#'9!!!
!
J10#3!41-$/>!$./>>#3A#-!4/$#5!&=!A20#'3%#37-!/$'2--!7.#!$2637'=)!-7/7#-!3##5!72!&#!
13320/710#!72!%##7!7.#!$./>>#3A#!24!@'201513A!/$$#--!72!51A17/>!$237#379!!K2!&61>5!/!G6/>17=!
51A17/>!>#/'313A!#301'23%#37)!-7/7#-!B1>>!./0#!72!-@#35!-%/'7#'!F!327!3#$#--/'1>=!%2'#9!
J#2A'/@.1$/>>=!63&2635#5!51A17/>!>#/'313A!@'2015#-!13$#3710#!42'!-7/7#-!72!5#0#>2@!/3!
#G6/>1<#5!/35!B#1A.7#5!463513A!42'%6>/!7./7!&#77#'!%/7$.#-!'#-26'$#-!B17.!13510156/>!


!                                                                                             (*!
-765#37!3##5-!'#A/'5>#--!24!<1@!$25#9!!
!
!O" G'+,>'4/0)J(7432$4%5$%4')2%;;64$2)&,-,$3+)+'34(,(-")
)
    15$,6(2)764)+3893:'42)3(&);6+,5/93:'420)
    • V7/7#!1-!'#@>/$13A!7#;7&22C-!B17.!51A17/>!$237#37)!13$>6513A!137#'/$710#!/35!/5/@710#!
        %6>71%#51/9!
    • V7/7#!#3-6'#-!.1A.E-@##5!&'2/5&/35!I37#'3#7!/$$#--!42'!@6&>1$!-$.22>!7#/$.#'-!/35!
        -765#37-9!
    • V7/7#!#3-6'#-!/>>!@6&>1$!-$.22>!-765#37-!/35!7#/$.#'-!./0#!I37#'3#7!/$$#--!5#01$#-9!
    • V7/7#!6-#-!@6'$./-13A!@2B#'!72!3#A271/7#!>2B#'!$2-7!>1$#3-#-!/35!$237'/$7-!42'!
        51A17/>!$237#37!/35!23>13#!$26'-#-9!
    • V7/7#!#3-6'#-!>2$/>!/35!-7/7#!5/7/!-=-7#%-!/35!'#>/7#5!/@@>1$/7123-!/'#!6@5/7#5!/35!
        '2&6-7!72!1342'%!>23A176513/>!%/3/A#%#37!5#$1-123-)!/$$2637/&1>17=!/35!13-7'6$71239!!!
!
K.#!@'2>14#'/7123!24!%2&1>#!@.23#-!/35!/$$#--!5#01$#-!-6AA#-7-!7.#!@27#371/>!24!%2&1>#!
>#/'313A9!!!V765#37-!/'#!/>'#/5=!6-13A!%2&1>#!5#01$#-!72!$2%%631$/7#)!/$$#--!/35!-./'#!
1342'%/7123)!$2356$7!'#-#/'$.)!/35!/3/>=<#!5/7/9!!K.#-#!5#01$#-!/'#!7.#!A/7#B/=!72!51A17/>!
>#/'313A9!
!
"1A17/>!>#/'313A!B1>>!/>-2!-6@@2'7!#56$/72'-!13!&#77#'!15#3714=13A!/35!%##713A!-765#37!3##5-!
&=!@'201513A!7.#%!'#/>E71%#!5/7/!23!-765#37!@#'42'%/3$#)!#;@/35#5!/$$#--!72!'#-26'$#-!72!
13510156/>1<#!13-7'6$7123)!/35!23>13#!>#/'313A!$2%%63171#-!72!A/13!@'24#--123/>!
5#0#>2@%#37!-6@@2'79!!!
!
V7/7#-!$/3!/52@7!/!0/'1#7=!24!/@@'2/$.#-!72!/$$#>#'/7#!7.#!-.147!72!51A17/>!$237#37)!23>13#!
/--#--%#37)!/35!.1A.!/$$#--!#301'23%#37-!13$>6513A!>#/'313A!#301'23%#37-!7./7!7/C#!
/50/37/A#!24!-765#37!2B3#5!5#01$#-9!!,.1>#!>2$/>!$.21$#!/35!2@7123-!-.26>5!&#!#%@2B#'#5)!
-7/7#-!$/3!6-#!@6'$./-13A!@2B#'!72!3#A271/7#!>2B#'!$2-7!>1$#3-#-!/35!$237'/$7-!42'!
#0#'=7.13A!4'2%!51A17/>!$237#37!72!/$$#--!5#01$#-!72!%2&1>#!I37#'3#7!-#'01$#-9!!OG61@%#37!
/35!-#'01$#-!$/3!&#!@'2015#5!&/-#5!23!413/3$1/>!3##59!!6&>1$E@'10/7#!@/'73#'-.1@-!$/3!/>-2!
&#$2%#!/!722>!72!&61>5!/35!-6-7/13!7.#!134'/-7'6$76'#!42'!51A17/>!>#/'313A9!!!




!                                                                                         (R!
,-.
	

'*	
/
%
!-!5	
 

!!

(		/8 .!-!	!
%%
 !

	




	/,A00	00	
,)

B%
-!C5.-D	)
!)
	6
0,!


C60,D	6))



C6))D	G#J8  
!
%

$	/
    8


!B !=

   	 ? 




!
    1!!
C#G!D
   3 1!




       

   9 )

8A=
!


   
 8

! 
!!
,
       
  !


   4 $%!




!


       !!
    6 

 !
 0
1!2!
       -!
   ;  
 

 0
1!2
       !-!
    0 !  





                                                                                           3
0(
1!/,
 



!
%

*'
%		
	/
,
 00 
!!



!*!
HCD
!

##
	C
D

!**

	CD!
!0!%
! 




!
 '

	 *	


!



(	2$/6
   ! 

!

, 


!!




!


!

 
C
'!	

 !D

	*
	
34$	(	
)%
/,
 
67))


C6))D6.
..66*
C..66D 
 !!

%!	

%
*	 	
 )
  
	

*

!!!



)
	 	
00
-!A
.
65#!C.65D
A00
)
!)

)

B%
-!C5.-D
)6,!0C)6,0D
)B 6.
60,!


C60,D
6))


C6))D




                                                                                             9
U.)''-4;!)/!,#4')!
!
G5-?2+J#!6)12#12!F!51A17/!13-7'6$7123/!%/7#'1/-!7./7!/5H6-7!51441$67=!/-#5!23!6-#'!'#-@23-#-9!
!
G';16(4)1)'!E!$2%%631$/7123!7./7!1-!-#@/'/7#5!=!71%#!-6$.!/-!#%/1!2'!2313#!51-$6--123!42'6%-j!17!%/=!
#!/$$#--#5!4'2%!%671@#!-#7713A-!b13!-$.22!/35i2'!267!24!-$.22!61513A-c9!
!
%.#15#5!.#-41+17!E!$2%13#-!2313#!#/'313A!B17.!27.#'!%25#-!24!13-7'6$7123/!5#10#'=!13$6513A!23-17#!
13-7'6$7123j!17!13020#-!/!-.147!13!5#10#'=!72!/3!2313#!2'!$2%@67#'E/-#5!#301'23%#37!42'!/7!#/-7!/!@2'7123!24!
7.#!5/=!B17.!7.#!A2/!24!1%@'2013A!#/'313A)!-7/4413A)!/35i2'!4/$1171#-!@'256$71017=9!!!
!
D+7+2-.!.#-41+17!F!/3=!7=@#!24!#/'313A!7./7!1-!4/$117/7#5!=!7#$.322A=9!
!
K..V2+#!)1.+1#!'6()).'!E!/-2!$/#5!$=#'!2'!01'76/!-$.22-)!B2'C!B17.!-765#37-!B.2!/'#!#3'2#5!
@'1%/'1=!b247#3!23=c!13!7.#!2313#!-$.229!!:313#!-$.22-!7=@1$/=!/'#!'#-@23-1#!42'!7.#1'!-765#37-?!-$2'#-!
23!-7/7#!/--#--%#37-9!I3!-2%#!-7/7#-!%2-7!46E71%#!2313#!-$.22-!/'#!$./'7#'!-$.22-9!
!
C;$4+5!E#-41+17!E!247#3!6-#5!-=323=%26-=!B17.!#35#5!#/'313Aj!7=@1$/=!'#4#'-!72!#3513A!%671@#!
%25#-!24!#/'313A!F!$2%1313A!2313#!/35!23E-17#!@#5/A2A1#-!/35!%/7#'1/-!B17.13!7.#!-/%#!$/--'22%9!
!
E#-41+17!@-1-7##12!8;'2#!WE@8X!E!13$65#-!$237#37!%/3/A#%#37)!$2%%631$/7123!722-)!13-7'6$7123/!
722-)!A'/5#22C!/35!/--#--%#37!4#/76'#-9!
!
1.+1#!.#-41+17!E!13-7'6$7123!01/!/!B#E/-#5!#56$/7123/!5#10#'=!-=-7#%!7./7!13$65#-!-247B/'#!72!@'2015#!
/!-7'6$76'#5!#/'313A!#301'23%#379!I7!$/3!#!/!7#/$.#'E#5!#56$/7123!7./7!7/C#-!@/$#!20#'!7.#!I37#'3#7)!B17.!
7.#!7#/$.#'!/35!-765#37!-#@/'/7#5!A#2A'/@.1$/=!b/-2!$=#'!#/'313A)!#E#/'313A)!51-7/3$#!#/'313Ac9!
!
?#1!#56-2+)1!4#')46#'!W=:X!F!4'##=!/0/1/#!13-7'6$7123/!%/7#'1/-!7./7!$/3!#!'#51-7'167#59!!!
!
8)6+-.!.#-41+17!Y!1C#!`/$#22C!42'!-$.22-)!-2$1/!#/'313A!@/742'%-!@'2015#!/!%#--/A13A!/35!$237#37!
-./'13A!/%23A!A'26@-9!!L#/513A!@/742'%-!%/3/A#!@'10/$=!1--6#-9!!!
!
82-2#V.#5!)1.+1#!+1+2+-2+J#'!V!/'#!5144#'#37!4'2%!-7/7#!01'76/!-$.22-!13!7./7!7.#-#!13171/710#-!7=@1$/=!244#'!
2313#!722-!/35!'#-26'$#-!42'!-$.22-!/$'2--!7.#!-7/7#!67!52!327!./0#!/!$#37'/1#5!-765#37!#3'2%#37!2'!
'#A1-7'/7123!-=-7#%!42'!-765#37-!13!2313#!$26'-#-9!
!
82-2#!J+42-.!'6()).'!!E!/'#!$'#/7#5!=!#A1-/7123!2'!=!/!-7/7#E#0#!/A#3$=)!/35i2'!/5%131-7#'#5!=!/!-7/7#!
#56$/7123!/A#3$=)!/35i2'!4635#5!=!/!-7/7#!/@@'2@'1/7123!2'!A'/37!42'!7.#!@6'@2-#!24!@'201513A!2313#!
#/'313A!2@@2'763171#-!/$'2--!7.#!-7/7#9!
!
8??.##12-.!)1.+1#!?4)74-'!E!@'2015#!/!-%/!36%#'!24!$26'-#-!72!-765#37-!B.2!/'#!#3'2#5!13!/!
-$.22!-#@/'/7#!4'2%!7.#!2313#!@'2A'/%9!
!
8;16(4)1)'!E!$2%%631$/7123!13!B.1$.!@/'71$1@/37-!137#'/$7!13!'#/!71%#!-6$.!/-!015#2$234#'#3$13A9!
!
Z+42-.!0.-''4))!F!@/$#!42'!13-7'6$72'-!/35!-765#37-!72!137#'/$7!/35!$2/2'/7#!13!'#/!71%#!
b-=3$.'2326-=c9!!^-13A!B#$/%-)!$./7!2;#-!/35!$/--!51-$6--123!4#/76'#-)!17!'#-#%#-!7.#!7'/517123/!
$/--'22%)!#;$#@7!/!@/'71$1@/37-!/'#!/$$#--13A!17!'#%27#=!20#'!7.#!I37#'3#79!
!
b/5/@7#5!4'2%!a##@13A!/$#!*+(+c!
!



!                                                                                                              (Z!

More Related Content

What's hot

Bdemauge.free.fr marchedeconnaissances marche1
Bdemauge.free.fr marchedeconnaissances marche1Bdemauge.free.fr marchedeconnaissances marche1
Bdemauge.free.fr marchedeconnaissances marche1emmsantboi
 
Building community and network for professional development
Building community and network for professional developmentBuilding community and network for professional development
Building community and network for professional developmentTuti Hidayati
 
Diagnostic pcaet novembre 2017
Diagnostic pcaet   novembre 2017Diagnostic pcaet   novembre 2017
Diagnostic pcaet novembre 2017rennesmetropole
 
Genetic owe taichi
Genetic owe taichiGenetic owe taichi
Genetic owe taichiTaichi6201
 
Mondeo 12-2002-ava-avto.ru
Mondeo 12-2002-ava-avto.ruMondeo 12-2002-ava-avto.ru
Mondeo 12-2002-ava-avto.rurukford1
 
Triple alianza
Triple alianzaTriple alianza
Triple alianzaoso_viejo
 
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENAL
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENALCONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENAL
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENALowaj
 
Ihecrim - Laurent Montet - acc etude de cas
Ihecrim - Laurent Montet - acc etude de cas Ihecrim - Laurent Montet - acc etude de cas
Ihecrim - Laurent Montet - acc etude de cas LaurentMontet
 
Biblionet info documentation_vol_22
Biblionet info documentation_vol_22Biblionet info documentation_vol_22
Biblionet info documentation_vol_22Serge Gauvin
 
Circuit_Cellar_FHSS_Article
Circuit_Cellar_FHSS_ArticleCircuit_Cellar_FHSS_Article
Circuit_Cellar_FHSS_ArticleYehonatan Kali
 

What's hot (20)

Bdemauge.free.fr marchedeconnaissances marche1
Bdemauge.free.fr marchedeconnaissances marche1Bdemauge.free.fr marchedeconnaissances marche1
Bdemauge.free.fr marchedeconnaissances marche1
 
Building community and network for professional development
Building community and network for professional developmentBuilding community and network for professional development
Building community and network for professional development
 
2011 näkökulmia opiskelijoiden työssäkäyntiin
2011 näkökulmia opiskelijoiden työssäkäyntiin2011 näkökulmia opiskelijoiden työssäkäyntiin
2011 näkökulmia opiskelijoiden työssäkäyntiin
 
Diagnostic pcaet novembre 2017
Diagnostic pcaet   novembre 2017Diagnostic pcaet   novembre 2017
Diagnostic pcaet novembre 2017
 
Act 3._descripcion
 Act 3._descripcion Act 3._descripcion
Act 3._descripcion
 
Genetic owe taichi
Genetic owe taichiGenetic owe taichi
Genetic owe taichi
 
Decolonizing our Schools: Aboriginal Education in the Toronto District School...
Decolonizing our Schools: Aboriginal Education in the Toronto District School...Decolonizing our Schools: Aboriginal Education in the Toronto District School...
Decolonizing our Schools: Aboriginal Education in the Toronto District School...
 
Magerit
MageritMagerit
Magerit
 
Kaizen çalışmaları
Kaizen çalışmaları Kaizen çalışmaları
Kaizen çalışmaları
 
Exercicio
ExercicioExercicio
Exercicio
 
Tema 1 001
Tema 1 001Tema 1 001
Tema 1 001
 
Mondeo 12-2002-ava-avto.ru
Mondeo 12-2002-ava-avto.ruMondeo 12-2002-ava-avto.ru
Mondeo 12-2002-ava-avto.ru
 
Metodologia iv edicion
Metodologia iv edicionMetodologia iv edicion
Metodologia iv edicion
 
Triple alianza
Triple alianzaTriple alianza
Triple alianza
 
Master3
Master3Master3
Master3
 
Clase 8 Electiva Profesional 3 AWS RDS Mysql
Clase 8 Electiva Profesional 3 AWS RDS MysqlClase 8 Electiva Profesional 3 AWS RDS Mysql
Clase 8 Electiva Profesional 3 AWS RDS Mysql
 
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENAL
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENALCONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENAL
CONSIDERACIÓN SOBRE RÉGIMEN DE SUSPENSIONES EN EL NUEVO CODIGO PENAL
 
Ihecrim - Laurent Montet - acc etude de cas
Ihecrim - Laurent Montet - acc etude de cas Ihecrim - Laurent Montet - acc etude de cas
Ihecrim - Laurent Montet - acc etude de cas
 
Biblionet info documentation_vol_22
Biblionet info documentation_vol_22Biblionet info documentation_vol_22
Biblionet info documentation_vol_22
 
Circuit_Cellar_FHSS_Article
Circuit_Cellar_FHSS_ArticleCircuit_Cellar_FHSS_Article
Circuit_Cellar_FHSS_Article
 

Viewers also liked

Learning stations southern colonies
Learning stations southern coloniesLearning stations southern colonies
Learning stations southern colonieslhmiles2
 
Tech Carousel PD
Tech Carousel PDTech Carousel PD
Tech Carousel PDlhmiles2
 
Welcome Back
Welcome BackWelcome Back
Welcome Backlhmiles2
 
What is blended learning? (portion)
What is blended learning? (portion)What is blended learning? (portion)
What is blended learning? (portion)lhmiles2
 
Overview (Meet the The Teacher)
Overview (Meet the The Teacher)Overview (Meet the The Teacher)
Overview (Meet the The Teacher)lhmiles2
 
Hinduism and buddhism comics
Hinduism and buddhism comicsHinduism and buddhism comics
Hinduism and buddhism comicslhmiles2
 
The Mongols
The MongolsThe Mongols
The Mongolslhmiles2
 
Student Athlete Participation
Student Athlete ParticipationStudent Athlete Participation
Student Athlete Participationlhmiles2
 

Viewers also liked (8)

Learning stations southern colonies
Learning stations southern coloniesLearning stations southern colonies
Learning stations southern colonies
 
Tech Carousel PD
Tech Carousel PDTech Carousel PD
Tech Carousel PD
 
Welcome Back
Welcome BackWelcome Back
Welcome Back
 
What is blended learning? (portion)
What is blended learning? (portion)What is blended learning? (portion)
What is blended learning? (portion)
 
Overview (Meet the The Teacher)
Overview (Meet the The Teacher)Overview (Meet the The Teacher)
Overview (Meet the The Teacher)
 
Hinduism and buddhism comics
Hinduism and buddhism comicsHinduism and buddhism comics
Hinduism and buddhism comics
 
The Mongols
The MongolsThe Mongols
The Mongols
 
Student Athlete Participation
Student Athlete ParticipationStudent Athlete Participation
Student Athlete Participation
 

More from lhmiles2

DWM Fall Upate and Information (10.18.14)
DWM Fall Upate and Information (10.18.14)DWM Fall Upate and Information (10.18.14)
DWM Fall Upate and Information (10.18.14)lhmiles2
 
Jeopardy questions only
Jeopardy questions onlyJeopardy questions only
Jeopardy questions onlylhmiles2
 
We the people lyric guide answers
We the people lyric guide answersWe the people lyric guide answers
We the people lyric guide answerslhmiles2
 
Loyalists vs. Patriots
Loyalists vs. PatriotsLoyalists vs. Patriots
Loyalists vs. Patriotslhmiles2
 
Why Come to North America
Why Come to North AmericaWhy Come to North America
Why Come to North Americalhmiles2
 
Reading comprehension packet 3.27
Reading comprehension packet 3.27Reading comprehension packet 3.27
Reading comprehension packet 3.27lhmiles2
 
Literary elements review ppt
Literary elements review pptLiterary elements review ppt
Literary elements review pptlhmiles2
 
Student Concussion Form
Student Concussion FormStudent Concussion Form
Student Concussion Formlhmiles2
 
Parent Concussion Form
Parent Concussion FormParent Concussion Form
Parent Concussion Formlhmiles2
 
Booster Club Flyer
Booster Club FlyerBooster Club Flyer
Booster Club Flyerlhmiles2
 
Ancient egypt
Ancient egyptAncient egypt
Ancient egyptlhmiles2
 
Islam (ppt)
Islam (ppt)Islam (ppt)
Islam (ppt)lhmiles2
 
People move lyric explanation(ppt)
People move lyric explanation(ppt)People move lyric explanation(ppt)
People move lyric explanation(ppt)lhmiles2
 
Geography(ppt)
Geography(ppt)Geography(ppt)
Geography(ppt)lhmiles2
 
Keeping Pace K12 2010 Report
Keeping Pace K12 2010 ReportKeeping Pace K12 2010 Report
Keeping Pace K12 2010 Reportlhmiles2
 
11msss vietnamwarpowerpoint[1](1)
11msss vietnamwarpowerpoint[1](1)11msss vietnamwarpowerpoint[1](1)
11msss vietnamwarpowerpoint[1](1)lhmiles2
 
Vietnam war
Vietnam warVietnam war
Vietnam warlhmiles2
 

More from lhmiles2 (20)

DWM Fall Upate and Information (10.18.14)
DWM Fall Upate and Information (10.18.14)DWM Fall Upate and Information (10.18.14)
DWM Fall Upate and Information (10.18.14)
 
Jeopardy questions only
Jeopardy questions onlyJeopardy questions only
Jeopardy questions only
 
We the people lyric guide answers
We the people lyric guide answersWe the people lyric guide answers
We the people lyric guide answers
 
Loyalists vs. Patriots
Loyalists vs. PatriotsLoyalists vs. Patriots
Loyalists vs. Patriots
 
Why Come to North America
Why Come to North AmericaWhy Come to North America
Why Come to North America
 
Reading comprehension packet 3.27
Reading comprehension packet 3.27Reading comprehension packet 3.27
Reading comprehension packet 3.27
 
Hw 3.7.11
Hw 3.7.11Hw 3.7.11
Hw 3.7.11
 
Literary elements review ppt
Literary elements review pptLiterary elements review ppt
Literary elements review ppt
 
Student Concussion Form
Student Concussion FormStudent Concussion Form
Student Concussion Form
 
Parent Concussion Form
Parent Concussion FormParent Concussion Form
Parent Concussion Form
 
Booster Club Flyer
Booster Club FlyerBooster Club Flyer
Booster Club Flyer
 
Ancient egypt
Ancient egyptAncient egypt
Ancient egypt
 
Hinduism
HinduismHinduism
Hinduism
 
Islam (ppt)
Islam (ppt)Islam (ppt)
Islam (ppt)
 
Judaism
JudaismJudaism
Judaism
 
People move lyric explanation(ppt)
People move lyric explanation(ppt)People move lyric explanation(ppt)
People move lyric explanation(ppt)
 
Geography(ppt)
Geography(ppt)Geography(ppt)
Geography(ppt)
 
Keeping Pace K12 2010 Report
Keeping Pace K12 2010 ReportKeeping Pace K12 2010 Report
Keeping Pace K12 2010 Report
 
11msss vietnamwarpowerpoint[1](1)
11msss vietnamwarpowerpoint[1](1)11msss vietnamwarpowerpoint[1](1)
11msss vietnamwarpowerpoint[1](1)
 
Vietnam war
Vietnam warVietnam war
Vietnam war
 

Digital Learning Now Report