QIXVMG
6IWMHIRXMEP'SHI6IUYMVIQIRXW
JSV7XVYGXYVEP'SRGVIXI%'-1
ERH'SQQIRXEV]
%R%'-7XERHEVH
6ITSVXIHF]%'-'SQQMXXII
*MVWX4VMRXMRK
%YKYWX
%QIVMGER'SRGVIXI-RWXMXYXI
%HZERGMRKGSRGVIXIORS[PIHKI
6IWMHIRXMEP'SHI6IUYMVIQIRXWJSV7XVYGXYVEP'SRGVIXIERH'SQQIRXEV]
'ST]VMKLX F] XLI %QIVMGER 'SRGVIXI -RWXMXYXI *EVQMRKXSR ,MPPW 1- %PP VMKLXW VIWIVZIH 8LMW QEXIVMEP
QE]RSXFIVITVSHYGIHSVGSTMIHMR[LSPISVTEVXMRER]TVMRXIHQIGLERMGEPIPIGXVSRMGJMPQSVSXLIV
HMWXVMFYXMSRERHWXSVEKIQIHME[MXLSYXXLI[VMXXIRGSRWIRXSJ%'-
8LIXIGLRMGEPGSQQMXXIIWVIWTSRWMFPIJSV%'-GSQQMXXIIVITSVXWERHWXERHEVHWWXVMZIXSEZSMHEQFMKYMXMIW
SQMWWMSRWERHIVVSVWMRXLIWIHSGYQIRXW-RWTMXISJXLIWIIJJSVXWXLIYWIVWSJ%'-HSGYQIRXWSGGEWMSREPP]
JMRH MRJSVQEXMSR SV VIUYMVIQIRXW XLEX QE] FI WYFNIGX XS QSVI XLER SRI MRXIVTVIXEXMSR SV QE] FI
MRGSQTPIXI SV MRGSVVIGX 9WIVW [LS LEZI WYKKIWXMSRW JSV XLI MQTVSZIQIRX SJ %'- HSGYQIRXW EVI
VIUYIWXIH XS GSRXEGX %'- 4VSTIV YWI SJ XLMW HSGYQIRX MRGPYHIW TIVMSHMGEPP] GLIGOMRK JSV IVVEXE EX
[[[GSRGVIXISVKGSQQMXXIIWIVVEXEEWTJSVXLIQSWXYTXSHEXIVIZMWMSRW
%'-GSQQMXXIIHSGYQIRXWEVIMRXIRHIHJSVXLIYWISJMRHMZMHYEPW[LSEVIGSQTIXIRXXSIZEPYEXIXLI
WMKRMJMGERGIERHPMQMXEXMSRWSJMXWGSRXIRXERHVIGSQQIRHEXMSRWERH[LS[MPPEGGITXVIWTSRWMFMPMX]JSVXLI
ETTPMGEXMSRSJXLIQEXIVMEPMXGSRXEMRW-RHMZMHYEPW[LSYWIXLMWTYFPMGEXMSRMRER][E]EWWYQIEPPVMWOERH
EGGITXXSXEPVIWTSRWMFMPMX]JSVXLIETTPMGEXMSRERHYWISJXLMWMRJSVQEXMSR
%PPMRJSVQEXMSRMRXLMWTYFPMGEXMSRMWTVSZMHIHwEWMWx[MXLSYX[EVVERX]SJER]OMRHIMXLIVI\TVIWWSVMQTPMIH
MRGPYHMRKFYXRSXPMQMXIHXSXLIMQTPMIH[EVVERXMIWSJQIVGLERXEFMPMX]JMXRIWWJSVETEVXMGYPEVTYVTSWISV
RSRMRJVMRKIQIRX
%'-ERHMXWQIQFIVWHMWGPEMQPMEFMPMX]JSVHEQEKIWSJER]OMRHMRGPYHMRKER]WTIGMEPMRHMVIGXMRGMHIRXEP
SV GSRWIUYIRXMEP HEQEKIW MRGPYHMRK [MXLSYX PMQMXEXMSR PSWX VIZIRYIW SV PSWX TVSJMXW [LMGL QE] VIWYPX
JVSQXLIYWISJXLMWTYFPMGEXMSR
-XMWXLIVIWTSRWMFMPMX]SJXLIYWIVSJXLMWHSGYQIRXXSIWXEFPMWLLIEPXLERHWEJIX]TVEGXMGIWETTVSTVMEXIXS
XLIWTIGMJMGGMVGYQWXERGIWMRZSPZIH[MXLMXWYWI%'-HSIWRSXQEOIER]VITVIWIRXEXMSRW[MXLVIKEVHXS
LIEPXLERHWEJIX]MWWYIWERHXLIYWISJXLMWHSGYQIRX8LIYWIVQYWXHIXIVQMRIXLIETTPMGEFMPMX]SJEPP
VIKYPEXSV]PMQMXEXMSRWFIJSVIETTP]MRKXLIHSGYQIRXERHQYWXGSQTP][MXLEPPETTPMGEFPIPE[WERHVIKYPEXMSRW
MRGPYHMRKFYXRSXPMQMXIHXS9RMXIH7XEXIW3GGYTEXMSREP7EJIX]ERH,IEPXL%HQMRMWXVEXMSR37,%
LIEPXL
ERHWEJIX]WXERHEVHW
3VHIVMRJSVQEXMSR%'-HSGYQIRXWEVIEZEMPEFPIMRTVMRXF]HS[RPSEHSR'(631XLVSYKLIPIGXVSRMG
WYFWGVMTXMSRSVVITVMRXERHQE]FISFXEMRIHF]GSRXEGXMRK%'-
1SWX%'-WXERHEVHWERHGSQQMXXIIVITSVXWEVIKEXLIVIHXSKIXLIVMRXLIERRYEPP]VIZMWIH%'-1ERYEPSJ
'SRGVIXI4VEGXMGI1'4
%QIVMGER'SRGVIXI-RWXMXYXI
'SYRXV]'PYF(VMZI
*EVQMRKXSR,MPPW1-
97%
4LSRI
*E\
[[[GSRGVIXISVK
-7&2
%'-1
6IWMHIRXMEP'SHI6IUYMVIQIRXWJSV7XVYGXYVEP
'SRGVIXI%'-1
ERH'SQQIRXEV]
%R%'-7XERHEVH
6ITSVXIHF]%'-'SQQMXXII
1SVVMW,YJJQER .EQIW6&EX]--
'LEMV 7IGVIXEV]
8LI w6IWMHIRXMEP 'SHI 6IUYMVIQIRXW JSV 7XVYGXYVEP 'SRGVIXIx GSZIV XLI '328)287
HIWMKRERHGSRWXVYGXMSRSJGEWXMRTPEGIGSRGVIXIJSVSRIERHX[SJEQMP] -RXVSHYGXMSRT
H[IPPMRKW ERH QYPXMTPI WMRKPIJEQMP] H[IPPMRKW XS[RLSYWIW
ERH XLIMV
EGGIWWSV]WXVYGXYVIW 'LETXIV{+IRIVEPT
%QSRK XLI WYFNIGXW GSZIVIH EVI XLI HIWMKR ERH GSRWXVYGXMSR VIUYMVI {7GSTI
QIRXW JSV TPEMR ERH VIMRJSVGIH GSRGVIXI JSSXMRKW JSYRHEXMSR [EPPW ERH
{%PXIVREXMZIW]WXIQW
WPEFWSRKVSYRHERHVIUYMVIQIRXWJSVGSRGVIXIVIMRJSVGIQIRXJSVQWERH
SXLIVVIPEXIHQEXIVMEPW {*SSXMRKWERHJSYRHEXMSR[EPPW
8LI UYEPMX] ERH XIWXMRK SJ QEXIVMEPW HMWGYWWIH MR XLMW HSGYQIRX EVI {(VE[MRKWERHWTIGMJMGEXMSRW
GSZIVIHF]VIJIVIRGIXSXLIETTVSTVMEXI%781WXERHEVHW {-RWTIGXMSR
8LI 'SHI MW [VMXXIR XS EPPS[ JSV VIJIVIRGI F] EHSTXMSR MR E KIRIVEP
FYMPHMRK GSHI [MXLSYX GLERKMRK MXW PERKYEKI &EGOKVSYRH HIXEMPW SV 'LETXIV{2SXEXMSRERHHIJMRMXMSRWT
WYKKIWXMSRW JSV GEVV]MRK SYX XLI VIUYMVIQIRXW SV MRXIRX SJ XLI 'SHI EVI {2SXEXMSR
TVSZMHIH MR XLI GSQQIRXEV] 8LI GSQQIRXEV] HMWGYWWIW WSQI SJ XLI
GSRWMHIVEXMSRW SJ XLI GSQQMXXII MR HIZIPSTMRK XLI 'SHI [MXL IQTLEWMW
{(IJMRMXMSRW
KMZIRXSXLII\TPEREXMSRSJTVSZMWMSRWXLEXQE]FIYRJEQMPMEVXSGSHIYWIVW
SV[LIVIWMKRMJMGERXHITEVXYVII\MWXWJVSQSXLIVGSRGVIXIGSHIW'SQQIRXEV] 'LETXIV{6IJIVIRGIHWXERHEVHWT
TVSZMWMSRWFIKMR[MXLERw6x WYGLEW w6xERHGSQQIRXEV]XI\XMW
WLS[RMRMXEPMGW 'LETXIV{1EXIVMEPWT
6IPIZERX VIWSYVGI HSGYQIRXW EVI GMXIH JSV XLI YWIV HIWMVMRK QSVI {'SRGVIXI
HIXEMPIHWXYH]SJMRHMZMHYEPMWWYIW {6IMRJSVGIQIRX
{*SVQ[SVO
/I][SVHW EHQM\XYVIW EKKVIKEXIW EMV IRXVEMRQIRX ERGLSVEKI WXVYGXYVEP
FEGOJMPPFYMPHMRKGSHIWGEPGMYQGLPSVMHIGIQIRXWGSPH[IEXLIVGSRWXVYGXMSR
GSQTVIWWMZI WXVIRKXL GSRGVIXIGSRWXVYGXMSRGSRGVIXI GSRWXVYGXMSR NSMRXW
GSRGVIXIW GSRXVEGXMSR NSMRXW GSZIV GYVMRK JPI\YVEP WXVIRKXL JPSSVW
JSSXMRKW JSVQ[SVO GSRWXVYGXMSR
JSYRHEXMSR [EPPW JSYRHEXMSRW LSX %'-1WYTIVWIHIWFIGEQIIJJIGXMZI1E]ERH[EWTYFPMWLIH
[IEXLIVGSRWXVYGXMSRMRWTIGXMSRPSEHWJSVGIW
QEXIVMEPWQM\MRKQM\XYVI %YKYWX
TVSTSVXMSRMRK TPEGMRK TPEMR GSRGVIXI VIMRJSVGIH GSRGVIXI VIMRJSVGMRK 'ST]VMKLX%QIVMGER'SRGVIXI-RWXMXYXI
%PPVMKLXWVIWIVZIHMRGPYHMRKVMKLXWSJVITVSHYGXMSRERHYWIMRER]JSVQSVF]ER]
WXIIPW VIWMHIRXMEP WIVZMGIEFMPMX] WTIGMJMGEXMSRW WPEFSRKVSYRH WPEFW QIERW MRGPYHMRK XLI QEOMRK SJ GSTMIW F] ER] TLSXS TVSGIWW SV F] IPIGXVSRMG SV
WYPJEXIWI\TSWYVIWXVIRKXLWXVYGXYVEPEREP]WMWWXVYGXYVEPGSRGVIXIWXVYGXYVEP QIGLERMGEPHIZMGITVMRXIH[VMXXIRSVSVEPSVVIGSVHMRKJSVWSYRHSVZMWYEPVITVSHYGXMSR
SVJSVYWIMRER]ORS[PIHKISVVIXVMIZEPW]WXIQSVHIZMGIYRPIWWTIVQMWWMSRMR[VMXMRK
HIWMKR[EPPW[EXIV[IPHIH[MVIVIMRJSVGIQIRX MWSFXEMRIHJVSQXLIGST]VMKLXTVSTVMIXSVW
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
'LETXIV{'SRGVIXIVIUYMVIQIRXWT EHSTXIHFYMPHMRKGSHIERHEWWYGLQYWXHMJJIVMRJSVQ
{+IRIVEPVIUYMVIQIRXW ERH WYFWXERGI JVSQ HSGYQIRXW XLEX TVSZMHI HIXEMPIH
{'SRGVIXITVSTIVXMIW WTIGMJMGEXMSRW VIGSQQIRHIH TVEGXMGI SV GSQTPIXI
{'SRGVIXIGSZIV HIWMKRTVSGIHYVIW
{'EPGMYQGLPSVMHI 8LI'SHIMWMRXIRHIHXSGSZIVEPPVIWMHIRXMEPWXVYGXYVIWXLEX
JEPP [MXLMR XLI WGSTI SJ XLI -RXIVREXMSREP6IWMHIRXMEP 'SHI
'LETXIV{'SRGVIXITVSHYGXMSRERHTPEGIQIRX -6'
6IUYMVIQIRXWQSVIWXVMRKIRXXLERXLI'SHITVSZMWMSRW
T QE]FIHIWMVEFPIJSVPEVKIGSQTPI\SVMVVIKYPEVWXVYGXYVIW
{'SRGVIXI
LMKLLE^EVHEVIEWERHSXLIVYRYWYEPGSRWXVYGXMSR8LI'SHI
{4PEGIQIRX
ERHGSQQIRXEV]GERRSXVITPEGIWSYRHIRKMRIIVMRKORS[PIHKI
{*SVQVIQSZEP
I\TIVMIRGIERHNYHKQIRX
{*MRMWLMRK
% FYMPHMRK GSHI WXEXIW SRP] XLI QMRMQYQ VIUYMVIQIRXW
{'YVMRK
RIGIWWEV]XSTVSZMHIJSVTYFPMGLIEPXLERHWEJIX]8LI'SHI
{'SPH[IEXLIV
MWFEWIHSRXLMWTVMRGMTPI*SVER]WXVYGXYVIXLIS[RIVSVXLI
{,SX[IEXLIV
HIWMKRIVQE]VIUYMVIXLIUYEPMX]SJQEXIVMEPWERHGSRWXVYGXMSR
XS FI LMKLIV XLER XLI QMRMQYQ VIUYMVIQIRXW RIGIWWEV] XS
'LETXIV{*SSXMRKWT
{+IRIVEP TVSXIGX XLI TYFPMG EW WXEXIHMR XLI 'SHI ,S[IZIV PS[IV
{(IWMKR WXERHEVHWEVIRSXTIVQMXXIH8LIGSQQIRXEV]HMVIGXWEXXIRXMSR
{'SRWXVYGXMSR XSSXLIVHSGYQIRXWXLEXTVSZMHIWYKKIWXMSRWJSVGEVV]MRKSYX
XLI VIUYMVIQIRXW ERH MRXIRX SJ XLI 'SHI ,S[IZIV XLSWI
'LETXIV{*SYRHEXMSR[EPPWT HSGYQIRXWERHXLIGSQQIRXEV]EVIRSXETEVXSJXLI'SHI
{+IRIVEP 8LI'SHILEWRSPIKEPWXEXYWYRPIWWEHSTXIHF]KSZIVRQIRX
{(IWMKR FSHMIW LEZMRK EYXLSVMX] XS VIKYPEXI FYMPHMRK HIWMKR ERH
{'SRWXVYGXMSR GSRWXVYGXMSR;LIVIXLI'SHILEWRSXFIIREHSTXIHMXQE]
WIVZIEWEVIJIVIRGIXSKSSHTVEGXMGIIZIRXLSYKLMXLEWRS
'LETXIV{(IWMKRJSVI\TERWMZIWSMPWT PIKEPWXEXYW
{+IRIVEP 8LI 'SHI TVSZMHIW E QIERW SJ IWXEFPMWLMRK QMRMQYQ
{)\TERWMZIWSMPGPEWWMJMGEXMSR WXERHEVHW JSV EGGITXERGI SJ HIWMKRW ERH GSRWXVYGXMSR F]
{(IWMKR PIKEPP] ETTSMRXIH FYMPHMRK SJJMGMEPW SV XLIMV HIWMKREXIH
VITVIWIRXEXMZIW8LI'SHIERHGSQQIRXEV]EVIRSXMRXIRHIH
'LETXIV{7PEFWSRKVSYRHT JSV YWI MR WIXXPMRK HMWTYXIW FIX[IIR XLI S[RIV IRKMRIIV
{(IWMKR EVGLMXIGXGSRXVEGXSVSVXLIMVEKIRXWWYFGSRXVEGXSVWQEXIVMEP
{7YTTSVX WYTTPMIVW SV XIWXMRK EKIRGMIW 8LIVIJSVI XLI 'SHI GERRSX
{*SVQW HIJMRI XLI GSRXVEGX VIWTSRWMFMPMX] SJ IEGL SJ XLI TEVXMIW MR
{8LMGORIWW GSRWXVYGXMSR+IRIVEPVIJIVIRGIWVIUYMVMRKGSQTPMERGI[MXL
{.SMRXW XLI 'SHI MR XLI TVSNIGX WTIGMJMGEXMSRW WLSYPH FI EZSMHIH
{6IMRJSVGIQIRX FIGEYWI XLI GSRXVEGXSV MW VEVIP] MR E TSWMXMSR XS EGGITX
VIWTSRWMFMPMX]JSVHIWMKRHIXEMPWSVGSRWXVYGXMSRVIUYMVIQIRXW
%TTIRHM\%{4VIWGVMTXMZIXEFPIWJSVJSYRHEXMSR XLEX HITIRH SR HIXEMPIH ORS[PIHKI SJ XLI HIWMKR (IWMKR
[EPPWT
FYMPHGSRWXVYGXMSRGSRXVEGXSVWLS[IZIVX]TMGEPP]GSQFMRI
'SQQIRXEV]VIJIVIRGIWT XLI HIWMKR ERH GSRWXVYGXMSR VIWTSRWMFMPMX] +IRIVEPP] XLI
HVE[MRKW WTIGMJMGEXMSRW ERH GSRXVEGX HSGYQIRXW WLSYPH
-2863(9'8-32 GSRXEMREPPXLIRIGIWWEV]VIUYMVIQIRXWXSIRWYVIGSQTPMERGI
8LIGSQQIRXEV]SJ%'-1HMWGYWWIWWSQISJXLI [MXLXLI'SHI-RTEVXXLMWGERFIEGGSQTPMWLIHF]VIJIVIRGI
GSRWMHIVEXMSRWSJ'SQQMXXIIMRHIZIPSTMRKXLITVSZMWMSRW XSWTIGMJMG'SHIWIGXMSRWMRXLITVSNIGXWTIGMJMGEXMSRW3XLIV%'-
GSRXEMRIHMRw6IWMHIRXMEP'SHI6IUYMVIQIRXWJSV7XVYGXYVEP TYFPMGEXMSRWWYGLEW%'-1EVI[VMXXIRWTIGMJMGEPP]JSVYWIEW
'SRGVIXI %'- 1
x LIVIMREJXIV GEPPIH XLI w'SHIx GSRXVEGXHSGYQIRXWJSVGSRWXVYGXMSR8IWXMRKERHGIVXMJMGEXMSR
)\TPEREXMSRSJXLIHITEVXYVISJXLMW'SHIJVSQ%'-1MW TVSKVEQW WLSYPH FI TVSZMHIH JSV XLI MRHMZMHYEP TEVXMIW
IQTLEWM^IH'SQQIRXWSRWTIGMJMGTVSZMWMSRWEVIQEHIYRHIV MRZSPZIH [MXL XLI I\IGYXMSRSJ [SVO TIVJSVQIH MR EGGSVHERGI
XLIGSVVIWTSRHMRKGLETXIVERHWIGXMSRRYQFIVWSJXLI'SHI [MXLXLMW'SHI
8LI GSQQIRXEV] MW RSX MRXIRHIH XS TVSZMHI E GSQTPIXI %'- 6 MW E GSQTERMSR HSGYQIRX XS XLI 'SHI XLEX
LMWXSVMGEP FEGOKVSYRH GSRGIVRMRK XLI HIZIPSTQIRX SJ XLI TVSZMHIWTVEGXMGEPMRJSVQEXMSREFSYXXLIUYEPMX]GSRWXVYGXMSR
'SHIRSVMWMXMRXIRHIHXSTVSZMHIEHIXEMPIHVWYQSJXLI SJ VIWMHIRXMEP GSRGVIXI IPIQIRXW GSRJSVQMRK XS XLMW 'SHI
WXYHMIW ERH VIWIEVGL HEXE VIZMI[IH F] XLI GSQQMXXII MR %'- 6 TVSZMHIW HIXEMPIH MRJSVQEXMSR SR W]WXIQW JSV
JSVQYPEXMRKXLI'SHI TVSHYGXMSR TPEGIQIRX JMRMWLMRK ERH XIWXMRK VIWMHIRXMEP
,S[IZIVVIJIVIRGIWXSWSQIVIWIEVGLHEXEEVITVSZMHIH GSRGVIXIEPSRK[MXLGSRWMHIVEXMSRWJSVWYGLMWWYIWEWMRWYPEXMSR
JSV XLSWI [LS [MWL XS WXYH] XLI FEGOKVSYRH QEXIVMEP MR LSXERHGSPH[IEXLIVTVIGEYXMSRWGYVMRKERHJSVQMRK%'-
HITXL 8LI 'SHI MW QIERX XS FI YWIH EW TEVX SJ E PIKEPP] 6HSIWRSXTVSZMHIER]JYVXLIVQERHEXSV]VIUYMVIQIRXW
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
FYXWYKKIWXW[E]WSJ[SVOMRK[MXLMRXLIWGSTISJXLI'SHI 6+YMHERGISRXLIX]TIERHETTPMGEXMSRSJW]WXIQW
XSHIPMZIVXLILMKLIWXUYEPMX]VIWMHIRXMEPGSRGVIXI JSVHVEMREKI[EXIVTVSSJMRKHEQTTVSSJMRKERHVEHSRKEW
ZIRXMPEXMSREVIGSQQSRP]JSYRHMRXLIKIRIVEPFYMPHMRKGSHI
',%48)6{+)2)6%0 ;LIREFYMPHMRKSVWXVYGXYVIGSRXEMRWIPIQIRXWXLEX
{7GSTI I\GIIHXLIPMQMXWSJXLMW'SHISVSXLIV[MWIHSRSXGSRJSVQ
8LMW'SHI[LIRPIKEPP]EHSTXIHEWTEVXSJEKIRIVEP XSXLMW'SHIXLIWIIPIQIRXWWLEPPFIHIWMKRIHMREGGSVHERGI
FYMPHMRK GSHI TVSZMHIW QMRMQYQ VIUYMVIQIRXWJSV HIWMKR [MXL%'-1
ERH GSRWXVYGXMSR SJ VIWMHIRXMEP GSRGVIXI IPIQIRXW -R EVIEW ;LIVITIVQMXXIHF]XLIWXEXYXIWSJXLINYVMWHMGXMSR
[MXLSYXEPIKEPP]EHSTXIHFYMPHMRKGSHIXLMW'SHIHIJMRIW [LIVIXLITVSNIGXMWXSFIGSRWXVYGXIHGSRWXVYGXMSRHSGYQIRXW
QMRMQYQ EGGITXEFPI WXERHEVHW SJ HIWMKR ERH GSRWXVYGXMSR JSVVIWMHIRGIWHIWMKRIHF]XLITVSZMWMSRWSJXLMW'SHIRIIH
TVEGXMGI RSXFITVITEVIHF]E0MGIRWIH(IWMKR4VSJIWWMSREP;LIVI
68LIYWIVSJXLMW'SHIWLSYPHGSRWYPXXLIETTPMGEFPI VIUYMVIHF]XLIWXEXYXIWSJXLINYVMWHMGXMSR[LIVIXLITVSNIGX
KIRIVEPFYMPHMRKGSHIJSVEPPETTPMIHPSEHWXSHIXIVQMRIXLI MW XS FI GSRWXVYGXIH E 0MGIRWIH (IWMKR 4VSJIWWMSREP WLEPP
ETTPMGEFPIZEPYIWJSVHIWMKRVIUYMVIQIRXW-RXLIEFWIRGISJ TVITEVIXLIGSRWXVYGXMSRHSGYQIRXWJSVVIWMHIRGIW
EKSZIVRMRKGSHIXLIYWIVWLSYPHGSRWMHIVXLIYWISJ%7') 8LI 'SHI MW MRXIRHIH XS WXEXI SRP] QMRMQYQ
7)-XSHIXIVQMRIETTPMGEFPIPSEHW VIUYMVIQIRXW RIGIWWEV] XS TVSZMHI JSV TYFPMG LIEPXL ERH
8LMW 'SHI WYTTPIQIRXW XLI KIRIVEP FYMPHMRK GSHI WEJIX]JSVXLIHIWMKRSJVIWMHIRGIWXLEXJEPP[MXLMRXLIWGSTI
ERHKSZIVRWQEXXIVWTIVXEMRMRKXSHIWMKRERHGSRWXVYGXMSRSJ SJXLI-RXIVREXMSREP6IWMHIRXMEP'SHI-6'
8LIS[RIVSV
GEWXMRTPEGIGSRGVIXIGSRWXVYGXMSRJSVSRIERHX[SJEQMP] XLI0MGIRWIH(IWMKR4VSJIWWMSREPQE]VIUYMVIXLIUYEPMX]SJ
H[IPPMRKW ERH QYPXMTPI WMRKPIJEQMP] H[IPPMRKW XS[R QEXIVMEPW ERH GSRWXVYGXMSRXS FILMKLIV XLER XLIQMRMQYQ
LSYWIW
ERHXLIMVEGGIWWSV]WXVYGXYVIWI\GITX[LIVIZIVXLMW VIUYMVIQIRXWWXEXIHMRXLI'SHI
'SHI GSRJPMGXW [MXL VIUYMVIQIRXW MR XLI PIKEPP] EHSTXIH 8LI 'SHI MW RSX MRXIRHIH XS HIJMRI GSRXVEGXYEP
KIRIVEPFYMPHMRKGSHI VIWTSRWMFMPMXMIWFIX[IIREPPXLITEVXMIWMRZSPZIHMRETVSNIGX
;LIVI XLMW 'SHI GSRJPMGXW [MXL VIUYMVIQIRXW RSVMWXLI'SHIMRXIRHIHXSWIXXPIHMWTYXIWVIKEVHMRKGSRXVEGXYEP
GSRXEMRIH MR SXLIV WXERHEVHW VIJIVIRGIH MR XLMW 'SHI XLMW VIWTSRWMFMPMXMIW
'SHIWLEPPKSZIVR 8LIGSQQIRXEV]XI\XXEFPIWJMKYVIWSVMPPYWXVEXMSRW
68LI-6'VIJIVIRGIWXLMW'SHI;LIVIXLIHIWMKRSJ WLEPPRSXFIYWIHXSMRXIVTVIXXLI'SHIMRE[E]XLEXGSRJPMGXW
ERIPIQIRXMWMRMXMEXIH[MXLXLMW'SHIJVSQVIJIVIRGIF]XLI [MXLXLITPEMRQIERMRKSJXLI'SHIXI\XSVXSGVIEXIEQFMKYMX]
-6' XLI IRXMVI HIWMKR SJ XLI IPIQIRX QYWX FI GSQTPIXIH [MXLMRXLI'SHIXLEX[SYPHRSXSXLIV[MWII\MWX
YWMRKXLITVSZMWMSRWSJXLMW'SHI 8LI)RKPMWLZIVWMSRMR97GYWXSQEV]YRMXWMWXLI
8LMW'SHIMWPMQMXIHXSHIWMKRERHGSRWXVYGXMSRSJ SJJMGMEPZIVWMSRSJXLI'SHI-RGEWISJGSRJPMGXFIX[IIRXLI
GSRGVIXI JSSXMRKW MRGPYHMRK XLMGOIRIH WPEF JSSXMRKW [EPP SJJMGMEP ZIVWMSR ERH ZIVWMSRW [MXL 7- YRMXW SV MR HMJJIVIRX
JSSXMRKWERHMWSPEXIHJSSXMRKWGSRGVIXIFEWIQIRXSVJSYR PERKYEKIWXLISJJMGMEPZIVWMSRKSZIVRW
HEXMSR[EPPWGSRWXVYGXIH[MXLVIQSZEFPIJSVQWSV[MXLJPEX
MRWYPEXMRKGSRGVIXIJSVQWERHGSRGVIXIWPEFWSRKVSYRH {%PXIVREXMZIW]WXIQW
6 8LI HIWMKR ERH GSRWXVYGXMSR VIUYMVIQIRXW JSV 7TSRWSVW SJ ER] W]WXIQ SJ HIWMKR SV GSRWXVYGXMSR SV ER
JSSXMRKW JSYRHEXMSR [EPPW ERH WPEFWSRKVSYRH EVI EPXIVREXMZI QEXIVMEP XS FI ETTPMIH [MXLMR XLI WGSTI SJ XLMW
MRGPYHIH MR XLMW 'SHI XSKIXLIV [MXL VIUYMVIQIRXW JSV 'SHIXLIEHIUYEG]SJ[LMGLLEWFIIRWLS[RF]WYGGIWWJYP
GSRGVIXIVIMRJSVGIQIRXJSVQWERHSXLIVVIPEXIHQEXIVMEPW YWISVF]EREP]WMWSVXIWXFYX[LMGLHSIWRSXGSRJSVQXSSV
MWRSXGSZIVIHF]XLMW'SHIWLEPPLEZIXLIVMKLXXSTVIWIRXXLI
;LIVIXLIWGSTISJXLMW'SHIERHXLIWGSTISJ%'-
HEXESR[LMGLXLIMVHIWMKRMWFEWIHXSXLIFYMPHMRKSJJMGMEPSV
1GSMRGMHIHIWMKRMREGGSVHERGI[MXL%'-1WLEPP
XSEFSEVHSJI\EQMRIVWETTSMRXIHF]XLIFYMPHMRKSJJMGMEP
FI TIVQMXXIH JSV EPP FYMPHMRKW ERH WXVYGXYVIW ERH EPP TEVXW
8LMW FSEVH WLEPP LEZI EYXLSVMX] XS MRZIWXMKEXI XLI HEXE WS
XLIVISJ[MXLMRXLIWGSTISJXLMW'SHI
WYFQMXXIHXSVIUYMVIXIWXWERHXSJSVQYPEXIVYPIWKSZIVRMRK
8LMW'SHIHSIWRSXKSZIVRHIWMKRERHGSRWXVYGXMSR HIWMKRERHGSRWXVYGXMSRSJWYGLW]WXIQWXSQIIXXLIMRXIRXSJ
SJ MRWYPEXMRK GSRGVIXI JSVQ [EPPW [MXL E [EJJPI SV WGVIIR XLMW'SHI8LIWIVYPIWMJETTVSZIHF]XLIFYMPHMRKSJJMGMEP
GSRJMKYVEXMSRTVIGEWX[EPPIPIQIRXWEFSZIKVEHIGSRGVIXI ERHTVSQYPKEXIHWLEPPFISJXLIWEQIJSVGIERHIJJIGXEWXLI
[EPPWHIITJSYRHEXMSRW]WXIQWWYGLEWTMPIWHVMPPIHTMIVW TVSZMWMSRWSJXLMW'SHI
SVGEMWWSRWERHIPIZEXIHGSRGVIXIWPEFW 62I[QIXLSHWSJHIWMKRRI[QEXIVMEPWERHRI[YWIW
64VSZMWMSRWJSVETTPMGEXMSRSJTVIGEWX[EPPIPIQIRXW SJQEXIVMEPWWLSYPHYRHIVKSETIVMSHSJHIZIPSTQIRXFIJSVI
EVI JSYRH MR XLI -RXIVREXMSREP 6IWMHIRXMEP 'SHI -6'
ERH FIMRKWTIGMJMGEPP]GSZIVIHMREGSHI,IRGIKSSHW]WXIQWSV
SXLIVTYFPMGEXMSRW8LITVSZMWMSRWJSVEFSZIKVEHIGSRGVIXI GSQTSRIRXW QMKLX FI I\GPYHIH JVSQ YWI F] MQTPMGEXMSR MJ
[EPPWEVIGYVVIRXP]EZEMPEFPIMRXLI-6' FEWIHSRXLI QIERW[IVIRSXEZEMPEFPIXSSFXEMREGGITXERGI*SVW]WXIQW
4'%7XERHEVHSVHMVIGXP]JSYRHMRXLI4'%7XERHEVH GSRWMHIVIH YRHIV XLMW WIGXMSR WTIGMJMG XIWXW PSEH JEGXSVW
8LMW'SHIHSIWRSXKSZIVRXLIHIWMKRERHETTPMGEXMSRSJ HIJPIGXMSRPMQMXWERHSXLIVTIVXMRIRXVIUYMVIQIRXWWLSYPHFI
W]WXIQWJSVWYVJEGIHVEMREKI[EXIVTVSSJMRKHEQTTVSSJMRK WIXF]XLIFSEVHSJI\EQMRIVWERHWLSYPHFIGSRWMWXIRX[MXL
ERHXLIZIRXMPEXMSRSJVEHSRKEWIW XLIMRXIRXSJXLMWHSGYQIRX
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
MRWYPEXMRK GSRGVIXI JSVQW -'*W
{E GSRGVIXI JSVQMRK WXSV]{XLEX TSVXMSR SJ E FYMPHMRK FIX[IIR XLI YTTIV
W]WXIQ YWMRK WXE]MRTPEGI JSVQW SJ VMKMH JSEQ TPEWXMG WYVJEGISJXLIJPSSVERHXLIYTTIVWYVJEGISJXLIJPSSVSVXLI
MRWYPEXMSREL]FVMHSJGIQIRXERHJSEQMRWYPEXMSREL]FVMH VSSJEFSZI
SJGIQIRXERH[SSHGLMTWSVSXLIVMRWYPEXMRKQEXIVMEPJSV WXVIRKXL{EKIRIVMGXIVQJSVXLIEFMPMX]SJEQEXIVMEPXS
GSRWXVYGXMRKGEWXMRTPEGIGSRGVIXI[EPPW VIWMWXWXVEMRSVVYTXYVIMRHYGIHF]I\XIVREPJSVGIW
MRWYPEXMRK GSRGVIXI JSVQW JPEX{ER MRWYPEXMRK GSRGVIXI WXVIRKXL GSRGVIXI GSQTVIWWMZI{XLI QIEWYVIH
JSVQMRK W]WXIQ XLEX TVSHYGIW E WSPMH GSRGVIXI [EPP SJ QE\MQYQ VIWMWXERGI SJ E GSRGVIXI WTIGMQIR XS E\MEP
YRMJSVQXLMGORIWW GSQTVIWWMZI PSEHMRK I\TVIWWIH EW JSVGI TIV YRMX GVSWW
NSMRX{ WIGXMSREPEVIE
E TL]WMGEP WITEVEXMSR MR E GSRGVIXI W]WXIQ [LIXLIV WXVIRKXLWTIGMJMIHGSRGVIXIGSQTVIWWMZI{XLIWTIGMJMIH
TVIGEWX SV GEWXMRTPEGI MRGPYHMRK GVEGOW MJ MRXIRXMSREPP] VIWMWXERGI SJ E GSRGVIXI WTIGMQIR XS E\MEP GSQTVIWWMZI
QEHIXSSGGYVEXWTIGMJMIHPSGEXMSRWSV PSEHMRK YWIH MR HIWMKR GEPGYPEXMSRW ERH EW E GVMXIVMSR JSV
XLIVIKMSR[LIVIWXVYGXYVEPQIQFIVWMRXIVWIGX QEXIVMEPTVSTSVXMSRMRKERHEGGITXERGI
NSMRXGSRXVEGXMSR{JSVQIHWE[IHSVXSSPIHKVSSZIMRE WXVIRKXL]MIPH{XLIIRKMRIIVMRKWXVIWWEX[LMGLEQEXIVMEP
GSRGVIXIWXVYGXYVIXSGVIEXIE[IEOIRIHTPERIXSVIKYPEXIXLI I\LMFMXWEWTIGMJMGPMQMXMRKHIZMEXMSRJVSQXLITVSTSVXMSREPMX]SJ
PSGEXMSRSJGVEGOMRKVIWYPXMRKJVSQXLIHMQIRWMSREPGLERKI WXVIWWXSWXVEMR
SJHMJJIVIRXTEVXWSJXLIWXVYGXYVI WYFKVEHI{XLIWSMPTVITEVIHERHGSQTEGXIHXSWYTTSVXE
NSMRXMWSPEXMSR{EWITEVEXMSRFIX[IIREHNSMRMRKTEVXWSJ WXVYGXYVISVTEZIQIRXW]WXIQ
EWXVYGXYVIXLEXEPPS[WVIPEXMZIQSZIQIRXMRXLVIIHMVIGXMSRW XMI JSVQ{E QIGLERMGEP GSRRIGXMSR MR XIRWMSR YWIH XS
YWYEPP]ZIVXMGEPTPERIWPSGEXIHXSEZSMHJSVQEXMSRSJGVEGOW TVIZIRX GSRGVIXI JSVQW JVSQ WTVIEHMRK HYI XS XLI JPYMH
MRXLIWXVYGXYVI7IIEPWSNSMRXGSRXVEGXMSR
TVIWWYVISJJVIWLGSRGVIXI
OI][E]{EVIGIWW SV KVSSZI MR SRI PMJX SV TPEGIQIRXSJ XS[RLSYWI{EWMRKPIJEQMP]H[IPPMRKYRMXGSRWXVYGXIHMR
GSRGVIXIXLEXMWJMPPIH[MXLGSRGVIXISJXLIRI\XPMJXKMZMRK EKVSYTSJXLVIISVQSVIEXXEGLIHYRMXWMR[LMGLIEGLYRMX
WLIEVWXVIRKXLXSXLINSMRX I\XIRHWJVSQJSYRHEXMSRXSVSSJERH[MXLSTIRWTEGISREX
0MGIRWIH (IWMKR 4VSJIWWMSREP{ER MRHMZMHYEP [LS MW PIEWXX[SWMHIW
PMGIRWIHXSTVEGXMGIWXVYGXYVEPHIWMKREWHIJMRIHF]XLIWXEXYXSV] [EPP PSEHFIEVMRK{E [EPP HIWMKRIH ERH FYMPX XS GEVV]
VIUYMVIQIRXWSJXLITVSJIWWMSREPPMGIRWMRKPE[WSJXLIWXEXI WYTIVMQTSWIHZIVXMGEPSVMRTPERIWLIEVPSEHWSVFSXL
SVNYVMWHMGXMSRMR[LMGLXLITVSNIGXMWXSFIGSRWXVYGXIHERH [EPP LIMKLX{XLI HMWXERGI JVSQ XLI XST SJ XLI PS[IV JPSSV
[LSMWMRVIWTSRWMFPIGLEVKISJXLIWXVYGXYVEPHIWMKRMRSXLIV JVEQMRKSVWPEFXSXLIFSXXSQSJXLIYTTIVJPSSVJVEQMRKSVWPEF
HSGYQIRXWEPWSVIJIVVIHXSEWVIKMWXIVIHHIWMKRTVSJIWWMSREP
[EXIVGIQIRXMXMSYWQEXIVMEPVEXMS{XLIVEXMSSJXLIQEWWSJ
PSEHHIEH{HIEH[IMKLX[MXLSYXPSEHJEGXSVW
WYTTSVXIH [EXIVI\GPYHMRKXLEXEFWSVFIHF]XLIEKKVIKEXIXSXLIQEWWSJ
F]EQIQFIVEWHIJMRIHF]KIRIVEPFYMPHMRKGSHISJ[LMGL GIQIRXMXMSYWQEXIVMEPMREQM\XYVIWXEXIHEWEHIGMQEP
XLMW'SHIJSVQWETEVX
[EXIVGIQIRXMXMSYWQEXIVMEPVEXMS{EFFVIZMEXIHEW[GQ
PSEH PMZI{PMZI PSEH [MXLSYX PSEHJEGXSVW
WTIGMJMIH F]
KIRIVEPFYMPHMRKGSHISJ[LMGLXLMW'SHIJSVQWETEVX
',%48)6{6)*)6)2')(78%2(%6(7
PSEHVSSJ{VSSJPMZIPSEH[MXLSYXPSEHJEGXSVW
WTIGMJMIH %QIVMGER'SRGVIXI-RWXMXYXI
F]KIRIVEPFYMPHMRKGSHISJ[LMGLXLMW'SHIJSVQWETEVXXLI
1 7TIGMJMGEXMSRWJSV7XVYGXYVEP'SRGVIXI
WTIGMJMGPMZIPSEHETTPMIHXSXLIWXVYGXYVI
1 &YMPHMRK 'SHI 6IUYMVIQIRXW JSV 7XVYGXYVEP
QEXIVMEP GIQIRXMXMSYW{TS^^SPERW ERH L]HVEYPMG
'SRGVIXIERH'SQQIRXEV]
GIQIRXW7IIEPWSJP]EWL WMPMGEJYQI GIQIRXWPEK
VIMRJSVGIQIRX{FEVW [MVIW WXVERHW SV SXLIV WPIRHIV
%781-RXIVREXMSREP
QIQFIVW XLEX EVI IQFIHHIH MR GSRGVIXI MR WYGL EQERRIV
XLEXXLI]ERHXLIGSRGVIXIEGXXSKIXLIVMRVIWMWXMRKJSVGIW %1 7XERHEVH7TIGMJMGEXMSRJSV7XIIP;MVI4PEMR
WIMWQMG HIWMKR GEXIKSV] 7('
{E GPEWWMJMGEXMSR JSV'SRGVIXI6IMRJSVGIQIRX
EWWMKRIHXSEWXVYGXYVIFEWIHSRMXWSGGYTERG]GEXIKSV]ERH %1 7XERHEVH 7TIGMJMGEXMSR JSV 7XIIP ;IPHIH
XLIWIZIVMX]SJXLIHIWMKRIEVXLUYEOIKVSYRHQSXMSREXXLI ;MVI6IMRJSVGIQIRX4PEMRJSV'SRGVIXI
WMXIEWHIJMRIHF]XLIPIKEPP]EHSTXIHKIRIVEPFYMPHMRKGSHI %1 7XERHEVH 7TIGMJMGEXMSR JSV 7XIIP 7XVERH
WMPMGEJYQI{ZIV] JMRIRSRGV]WXEPPMRI WMPMGE TVSHYGIH MR 9RGSEXIH7IZIR;MVIJSV4VIWXVIWWIH'SRGVIXI
IPIGXVMG EVG JYVREGIW EW E F]TVSHYGX SJ XLI TVSHYGXMSR SJ %1 7XERHEVH 7TIGMJMGEXMSR JSV 7XIIP ;MVI
IPIQIRXEPWMPMGSRSVEPPS]WGSRXEMRMRKWMPMGSR (IJSVQIHJSV'SRGVIXI6IMRJSVGIQIRX
WPEFSRKVSYRH{E WPEF WYTTSVXIH F] KVSYRH [LSWI %1 7XERHEVH7TIGMJMGEXMSRJSV7XIIP;IPHIH;MVI
QEMRTYVTSWIMWXSWYTTSVXXLIETTPMIHPSEHWF]FIEVMRKSR 6IMRJSVGIQIRX(IJSVQIHJSV'SRGVIXI
XLIKVSYRH %1F 7XERHEVH7TIGMJMGEXMSRJSV(IJSVQIHERH4PEMR
WPYQT{EQIEWYVISJGSRWMWXIRG]SJJVIWLP]QM\IHGSRGVIXI 'EVFSR7XIIP&EVWJSV'SRGVIXI6IMRJSVGIQIRX
QSVXEV SV WXYGGS IUYEP XS XLI WYFWMHIRGI QIEWYVIH XS XLI %1F 7XERHEVH 7TIGMJMGEXMSR JSV 0S[%PPS]
RIEVIWX QQ SJ XLI QSPHIH WTIGMQIR MQQIHMEXIP] EJXIV 7XIIP(IJSVQIHERH4PEMR&EVWJSV'SRGVIXI
VIQSZEPSJXLIWPYQTGSRI 6IMRJSVGIQIRX
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI6{7XIIPVIMRJSVGIQIRXFEVMRJSVQEXMSR 8EFPI{1MRMQYQWTIGMJMIHGSQTVIWWMZI
2SQMREP
WXVIRKXLJG 14E
EXHE]WERHQE\MQYQ
2SQMREP 2SQMREP
&EVWM^IRS HMEQIXIVQQ EVIEQQ QEWWOKQ HFQQ WTIGMJMIHWPYQTSJGSRGVIXI
)\TSWYVIXSJVII^MRKERH 1E\MQYQ
8]TISVPSGEXMSRSJ XLE[MRK WPYQT
GSRGVIXIGSRWXVYGXMSR 2IKPMKMFPI 1SHIVEXI 7IZIVI QQ
8]TI*SSXMRKWERHMRXIVMSV
WPEFWSRKVSYRHRSXMRGPYHMRK
KEVEKIJPSSVWPEFW
8]TI*SYRHEXMSR[EPPWERH
6 'SQQSR WYVJEGI GSRXEQMRERXW WYGL EW GSRGVIXI SXLIVGSRGVIXI[SVOI\GITXEW
WTPEXXIV VYWX JSVQ SMP SV SXLIV VIPIEWI EKIRXW LEZI FIIR RSXIHMR8]TI
JSYRH RSX XS FI HIPIXIVMSYW XS FSRH 8EFIV IX EP 8]TI(VMZI[E]WGYVFW[EPO
[E]WVEQTWTEXMSWTSVGLIW
7YTVIRERXERH1EPMWGL
WXITWERHWXEMVWI\TSWIHXS
[IEXLIVERHKEVEKIJPSSVWPEFW
{*SVQ[SVO 7TIGMJMIHQE\MQYQWPYQTWWLEPPFITIVQMXXIHXSFIMRGVIEWIHF]QQF]YWMRK
QMHVERKI [EXIVVIHYGMRK EHQM\XYVIW 16;6%W
SV LMKLVERKI [EXIVVIHYGMRK
*SVQW WLEPP VIWYPX MR E JMREP WXVYGXYVI XLEX GSRJSVQW XS EHQM\XYVIW,6;6%W
;LIRWIPJGSRWSPMHEXMRKGSRGVIXI7''
MWYWIHRSQE\MQYQ
WLETIWPMRIWERHHMQIRWMSRWSJXLIQIQFIVWEWVIUYMVIHF] WPYQTMWWTIGMJMIHLS[IZIVWPYQTJPS[WLEPPFIFIX[IIRERHQQ
XLIHIWMKRHVE[MRKWERHWTIGMJMGEXMSRW
6 6IJIV XS %'- ERH %'- 74 JSV KYMHERGI SR
HIWMKRERHGSRWXVYGXMSRSJJSVQ[SVO 8EFPI{%MVGSRXIRXJSV8]TIGSRGVIXI
YRHIVQSHIVEXISVWIZIVII\TSWYVIXSJVII^MRK
*SVQWWLEPPTVSZMHIEGSRWMWXIRXWYVJEGIERHWYJJMGMIRXP] ERHXLE[MRK
XMKLX NSMRXW XS TVIZIRX XLI PIEOEKI SJ GSRGVIXI SV QSVXEV
2SQMREPWTIGMJMIHQE\MQYQ %MVGSRXIRX XSPIVERGI
FI]SRHXLIWTIGMJMIHHIZMERGIJSVWYVJEGIJMRMWLSVXLEXGER
EKKVIKEXIWM^IQQ 1SHIVEXI 7IZIVI
FIGPIERIHJVSQXLII\TSWIHGSRGVIXIWYVJEGI
*SVQW WLEPPFIFVEGIHSVXMIHXSKIXLIV XS QEMRXEMR
TSWMXMSRERHWLETI
*SVQWERHXLIMVWYTTSVXWWLEPPFIHIWMKRIHWSEWRSX
XSHEQEKITVIZMSYWP]TPEGIHWXVYGXYVI
(IWMKRSJJSVQ[SVOWLEPPMRGPYHIGSRWMHIVEXMSRSJ
XLIJSPPS[MRKJEGXSVW
E
6EXIERHQIXLSHSJTPEGMRKGSRGVIXI F] XLI MRXVSHYGXMSR SJ EMV IRXVEMRQIRX JSV VIWMWXERGI XS
F
'SRWXVYGXMSRPSEHWMRGPYHMRKZIVXMGEPLSVM^SRXEPERH JVII^MRK ERH XLE[MRK XLI YWI SJ E [GQ PIWW XLER XS
MQTEGXPSEHWERH MQTVSZIXLITIVQIEFMPMX]SJGSRGVIXIXS[EXIVERHHIPIXIVMSYW
G
*SVQVIUYMVIQIRXWJSVGSRWXVYGXMSRSJEVGLIWFPSGO GLIQMGEPW ERH TVSTIV GYVMRK VIJIV XS 7IGXMSR 8LI
SYXWPIHKIWJPSSVHIGOWSVWMQMPEVIPIQIRXW VIUYMVIQIRXWMR8EFPIHSRSXMRGPYHIEPMQMXSR[GQFYX
WTIGMJMIH GSQTVIWWMZI WXVIRKXL PIZIPW EVI MRHMGEXIH XLEX
',%48)6{'32'6)8)6)59-6)1)287 TVSZMHIVIEWSREFPIEWWYVERGISJEGLMIZMRKEPS[[GQ8IWXW
{+IRIVEPVIUYMVIQIRXW GERZIVMJ]GSQTVIWWMZIWXVIRKXLSJGSRGVIXIFYXMXMWHMJJMGYPX
'SRGVIXIWLEPPQIIXXLIVIUYMVIQIRXWSJ7IGXMSRW XSEGGYVEXIP]HIXIVQMRIXLI[GQSJGSRGVIXIHIPMZIVIHXSE
ERH TVSNIGX 7IGXMSR IQTLEWM^IW XLI MQTSVXERGI SJ GYVMRK
GSRGVIXIJSVXLIGSRHMXMSRWHIWGVMFIHMR8EFPI'SRGVIXI
{'SRGVIXITVSTIVXMIW [SVOGSRWMHIVIHEW8]TIMREHHMXMSRXSJSYRHEXMSR[EPPW
'SRGVIXI WXVIRKXL WPYQT ERH EMV IRXVEMRQIRX WLEPP
MRGPYHIW ]EVH [EPPW VIXEMRMRK [EPPW ERH SXLIV ZIVXMGEP
GSRJSVQXS8EFPIWERHFEWIHSRRIKPMKMFPIQSHIVEXI
GSRGVIXIIPIQIRXWRSXI\TSWIHXSWEXYVEXMSRSVHIMGMRKWEPXW
SVWIZIVII\TSWYVIWXSJVII^MRKERHXLE[MRKEWHIJMRIHMRE
XLVSYKLG
SVEWHIXIVQMRIHF]XLIPSGEPFYMPHMRKSJJMGMEP 7XVIRKXL{8LIWTIGMJMIHQMRMQYQHE]GSQTVIWWMZI
E
% wWIZIVIx GPEWWMJMGEXMSR MW [LIVI [IEXLIV GSRHMXMSRW WXVIRKXL JG WLEPPFIWIPIGXIHJVSQ8EFPI
IRGSYVEKISVVIUYMVIXLIYWISJHIMGMRKGLIQMGEPWSV[LIVI 6 8LI GSRGVIXI WYTTPMIV LEW XLI VIWTSRWMFMPMX] JSV
XLIVIMWTSXIRXMEPJSVEGSRXMRYSYWTVIWIRGISJQSMWXYVIHYVMRK TVSZMHMRKGSRGVIXI[MXLXLIGSQTVIWWMZIWXVIRKXLWTIGMJMIH
JVIUYIRXG]GPIWSJJVII^MRKERHXLE[MRK F]XLITYVGLEWIV8LITYVGLEWIVQE]VIUYIWXHSGYQIRXEXMSR
F
% wQSHIVEXIx GPEWWMJMGEXMSR MW [LIVI XLI [IEXLIV HIQSRWXVEXMRKXLEXXLIGSRGVIXIFIMRKWYTTPMIH[MPPLEZIE
GSRHMXMSRW SGGEWMSREPP] I\TSWI GSRGVIXI MR XLI TVIWIRGI SJ LMKL TVSFEFMPMX] SJ QIIXMRK XLI WXVIRKXL WTIGMJMIH %'-
QSMWXYVI XS JVII^MRK ERH XLE[MRK FYX [LIVI HIMGMRK 1 7IGXMSR TVSZMHIW KYMHERGI JSV TVSTSVXMSRMRK
GLIQMGEPWEVIRSXKIRIVEPP]YWIH QM\XYVIW XS QIIX WTIGMJMIH GSQTVIWWMZI WXVIRKXL ERH
G
% wRIKPMKMFPIx GPEWWMJMGEXMSR MW [LIVI [IEXLIV HSGYQIRXEXMSRXSHIQSRWXVEXIXLEXXLIGSRGVIXI[MPPLEZIELMKL
GSRHMXMSRWVEVIP]I\TSWIGSRGVIXIMRXLITVIWIRGISJQSMWXYVI TVSFEFMPMX] SJ QIIXMRK XLI WXVIRKXL WTIGMJMIH 8LI GSRGVIXI
XSJVII^MRKERHXLE[MRK WYTTPMIVWLSYPHTVSZMHIHIPMZIV]XMGOIXMRJSVQEXMSRMREGGSVHERGI
6-RWSQIGEWIWXLIPSGEPFYMPHMRKSJJMGMEP[MPPHIWMKREXI [MXL %781 '1 7IGXMSR -J WXVIRKXL ZIVMJMGEXMSR MW
XLII\TSWYVIGSRHMXMSRXSYWI'SRGVIXIHYVEFMPMX]MWMQTVSZIH VIUYMVIHG]PMRHIVWXEOIRF]ER%'-'IVXMJMIH*MIPH8IGLRMGMER
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
HYVMRK XMQI SJ TPEGIQIRX WLSYPH FI XIWXIH MR EGGSVHERGI 68LIWIPMQMXEXMSRWHSRSXETTP]MJ[SVOEFMPMX]ERH
[MXL %781 '1 1EXYVMX] WSJX[EVI GER TVSZMHI ER GSRWSPMHEXMSRQIXLSHWJEGMPMXEXIXLITPEGIQIRXSJ GSRGVIXI
EGGYVEXI TVIHMGXMSR SJ XLI GSQTVIWWMZI WXVIRKXL EXXEMRIH [MXLSYXLSRI]GSQFWSVZSMHW
FEWIHSRXLIMRJSVQEXMSRTVSZMHIHF]XLIGSRGVIXITVSHYGIV 'SRGVIXIWYPJEXII\TSWYVI
ERH XLI XIQTIVEXYVI TVSJMPI SJ XLI GSRGVIXI HYVMRK XLI 'SRGVIXIXLEXMWMRHMVIGXGSRXEGX[MXLREXMZIWSMPW
L]HVEXMSRTVSGIWW0EXIVMJXLIGSRGVIXIGSQTVIWWMZIWXVIRKXL GSRXEMRMRK[EXIVWSPYFPIWYPJEXIWEWHIXIVQMRIHEGGSVHMRKXS
MWMRUYIWXMSRRSRHIWXVYGXMZIJMIPHXIWXWERHGSVIWEQTPIWMR 7IGXMSRWLEPPGSRJSVQXS7IGXMSRWXLVSYKL
EGGSVHERGI [MXL %781 '1 GER ZIVMJ] XLI MRTPEGI
WXVIRKXL8LIGSRGVIXIWXVIRKXLMWGSRWMHIVIHWEXMWJEGXSV]EW *SV WYPJEXI GSRGIRXVEXMSRW KVIEXIV XLER SV
PSRK EW EZIVEKIW SJ ER] XLVII GSRWIGYXMZI WXVIRKXL XIWXW IUYEPXS FYXPIWWXLER F][IMKLXGSRGVIXIWLEPPFI
VIQEMREFSZIXLIWTIGMJMIHJG ERHRSMRHMZMHYEPWXVIRKXLXIWX QEHI [MXL %781 '1 8]TI -- GIQIRX SV ER %781
JEPPWFIPS[XLIWTIGMJMIHJG F]QSVIXLER14E '1SV '1 L]HVEYPMG GIQIRX QIIXMRK QSHIVEXI
7PYQT{8LI WTIGMJMIH QE\MQYQ HIWMKR WPYQT SJ WYPJEXIVIWMWXERXL]HVEYPMGGIQIRX17
HIWMKREXMSR
GSRGVIXIWLEPPFIWIPIGXIHJVSQ8EFPI *SVWYPJEXIGSRGIRXVEXMSRWIUYEPXSSVKVIEXIV
6 8LI X]TI ERH TIVJSVQERGI SJ [EXIVVIHYGMRK XLER F] [IMKLX GSRGVIXI WLEPP FI QEHI [MXL %781
EHQM\XYVIW EVIWIPIGXIH FEWIHSRXLIMRXIRHIHETTPMGEXMSR '18]TI :GIQIRX SV ER %781 '1 SV'1
ERH MRGPYHI FSXL ,6;6% ERH 16;6% ;EXIVVIHYGMRK L]HVEYPMG GIQIRX QIIXMRK LMKL WYPJEXIVIWMWXERX L]HVEYPMG
EHQM\XYVIWVIWYPXMRPEVKIXSQSHIVEXI[EXIVVIHYGXMSRWMR GIQIRX ,7
HIWMKREXMSR ERH WLEPP LEZI E WTIGMJMIH
QM\XYVIW [LMPI QEMRXEMRMRK KVIEXIV JPS[EFMPMX] [MXLSYX QMRMQYQ GSQTVIWWMZI WXVIRKXL SJ 14E EX HE]W SV
GEYWMRK YRHYI WIX VIXEVHEXMSR SV EMV IRXVEMRQIRX ;LIR KVIEXIVEWVIUYMVIHMR8EFPI
YWMRK,6;6%W GSRJSVQMRKXS%781 '1 SV '1 %PXIVREXMZI GSQFMREXMSRW SJ GIQIRXW ERH
XLI WTIGMJMIH QE\MQYQ WPYQT QE] FI MRGVIEWIH JVSQ XLEX WYTTPIQIRXEV] GIQIRXMXMSYW QEXIVMEPW WLEPP FI TIVQMXXIH
PMWXIHMR8EFPITVSZMHIHXLIEKKVIKEXIWMRXLIGSRGVIXIHS [MXLEGGITXEFPIWIVZMGIVIGSVHSVXIWXVIWYPXW8LIQEXIVMEPW
RSXWIKVIKEXIJVSQXLITEWXIMRXLIVIWYPXMRKQM\XYVI7TIGMJ] WLEPPGSQTP][MXL7IGXMSRSJXLMW'SHI
EQE\MQYQSJQQMJRIGIWWEV]-JWPYQTZIVMJMGEXMSRMW 6 *SV MRJSVQEXMSR VIKEVHMRK TVSTSVXMSRMRK
VIUYMVIHWPYQTXIWXMRKWLSYPHFIMREGGSVHERGI[MXL%781 SJGSRGVIXII\TSWIHXSIPIZEXIHWYPJEXIPIZIPWVIJIVXS%'-
'1%XVEHMXMSREPWPYQTPMQMXMWRSXETTVSTVMEXIJSV7'' 6
GSRGVIXI[LIVIXLIGSRWMWXIRG]SJXLIGSRGVIXIMWQIEWYVIH 'SRGIRXVEXMSRW SJ [EXIVWSPYFPI WSMP WYPJEXIW
MRXIVQWSJWPYQTJPS[MREGGSVHERGI[MXL%781'1 WLEPP FI HIXIVQMRIH F] E XIWX QIXLSH SV LMWXSVMGEP HEXE
+IRIVEPP]WPYQTJPS[MRXLIVERKISJXSQQMWYWIH EGGITXIHF]XLIPSGEPFYMPHMRKSJJMGMEP
JSVVIWMHIRXMEPGSRGVIXI6IJIVXS%'-6 68IWXWJSVWSMPWYPJEXIWGER]MIPHHMJJIVIRXVIWYPXW
%MV IRXVEMRQIRX{'SRGVIXIMR VIKMSRWSJQSHIVEXI JSVXLIWEQIWSMPWEQTPIHITIRHMRKTVMQEVMP]SRXLIWTIGMJMIH
SV WIZIVI [IEXLIVMRK TVSFEFMPMX] ERH I\TSWIH XS [IEXLIV XIWXI\XVEGXMSRVEXMS[LMGLMWXLI[IMKLXSJ[EXIVHMZMHIHF]
WLEPPFIEMVIRXVEMRIHMREGGSVHERGI[MXL8EFPI XLI [IMKLX SJ WSMP 8LMW MW TEVXMGYPEVP] XVYI [LIVI XLI
6 %R MQTSVXERX EWTIGX SJ EMV IRXVEMRQIRX MW XLI TVIHSQMRERXWSMPWYPJEXIWEVIMRXLIJSVQSJK]TWYQ8LYWMX
YRMJSVQHMWXVMFYXMSRSJEMVFYFFPIWXSTVSZMHIVIWMWXERGIXS MWTVIJIVEFPIXLEXXLIXIWXLEWELMWXSV]SJWYGGIWWJYPYWIMR
HEQEKIHYIXSJVII^MRKERHXLE[MRK;LIRXLIGSRWXVYGXMSR XLIKISKVETLMGEVIESJXLITVSNIGXERHFIVIGSKRM^IHERH
HSGYQIRXW VIUYMVI ZIVMJMGEXMSR SJ EMV IRXVEMRQIRX XLI ETTVSZIH F] XLI PSGEP FYMPHMRK SJJMGMEP 8IWX QIXLSHW QE]
GSRXVEGXSVWLSYPHTVSZMHIXIWXMRKMREGGSVHERGI[MXL%781 MRGPYHIXLI97&6QIXLSH'EPMJSVRME(388IWX
'1SV%781'1EWETTVSTVMEXISRXLIJMVWXFEXGLSJ ERH%781'
GSRGVIXIHIPMZIVIH XSXLI WMXI -JGSRGVIXI JEMPW XS QIIX XLI
EMVIRXVEMRQIRX VIUYMVIQIRXW WXITW WLSYPH FI XEOIR XS {'SRGVIXIGSZIV
'PIEV GSZIV JSV VIMRJSVGIQIRX MR EPP GSRGVIXI IPIQIRXW
GSVVIGX XLI EMV GSRXIRX SR XLI JMVWX FEXGL ERH SR JYXYVI
WLEPPRSXFIPIWWXLERVIUYMVIHF]7IGXMSRWERH
FEXGLIW%HHMXMSREPXIWXWWLSYPHXLIRFIXEOIRXSZIVMJ]XLEX
8LIVIUYMVIQIRXWWLEPPRSXETTP]XSWPEFWSRKVSYRH
XLIEMVGSRXIRXMW[MXLMRXSPIVERGIW
I\GITXJSVXLMGOIRIHWPEFJSSXMRKW'SRGVIXIGSZIVJSVWPEFW
-R TVIZMSYW ZIVWMSRW SJ XLMW 'SHI 8EFPI MRGPYHIH SRKVSYRH WLEPP FI MR EGGSVHERGI [MXL 7IGXMSR
VIJIVIRGIXSE8]TIGSRGVIXI8EFPIRS[PMQMXWVIJIVIRGI 'SRGVIXIGSZIVWLEPPLEZIEXSPIVERGISJzQQ
XSZIVXMGEP[EPPWMR8]TIERHIPMQMREXIWI\TSWYVIXSHIMGMRK
'SRGVIXIGEWXEKEMRWXIEVXLQQ
WEPXW 8LIVIJSVI 8]TI VIUYMVIQIRXW JSV EMVIRXVEMRQIRX
6-RWSQIMRWXERGIWMXMWEHZERXEKISYWSVRIGIWWEV]
LEZIFIIRIPMQMREXIH
JSVSRISVQSVIWMHIWSJXLIJSVQIHGSRGVIXITPEGIQIRXXS
'SEVWIEKKVIKEXIWM^I{8LIRSQMREPQE\MQYQWM^I GSRWMWXSJERI\GEZEXIHIEVXLWYVJEGI8LMWWIGXMSRVIJIVWXS
SJ GSEVWI EKKVIKEXI WLEPP RSX I\GIIH XLI WQEPPIV SJ XLI XLIWI MRWXERGIW [LIVI XLI TPEGMRK STIVEXMSR VIWYPXW MR XLI
JSPPS[MRK GSRGVIXIHMVIGXP]GSRXEGXMRKXLIIEVXL
E
SJXLIQMRMQYQ[EPPXLMGORIWW 'SRGVIXII\TSWIHXSIEVXLSV[IEXLIV
F
SJXLIGVSWWWIGXMSREPHMQIRWMSRSJEQIQFIVSV E
2SFEV;SV([MVIERHWQEPPIVQQERH
G
SJXLI WTIGMJMIH QMRMQYQGPIEVWTEGMRK FIX[IIR F
2SERHPEVKIVQQ
VIMRJSVGMRKFEVWSVGPIEVGSZIV 'SRGVIXIRSXI\TSWIHXSIEVXLSV[IEXLIVQQ
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
{'EPGMYQGLPSVMHI )\TIVMIRGILEWWLS[RXLEXXLIQMRYXIHMWGLEVKIXMQIGER
;LIVIVIMRJSVGIHGSRGVIXIMWHV]SVTVSXIGXIHJVSQ FI I\GIIHIH [LMPI QEMRXEMRMRK XLI WTIGMJMIH GSRGVIXI
QSMWXYVI MR WIVZMGI SV JSV TPEMR GSRGVIXI MR EPP WIVZMGI TVSTIVXMIWHYVMRKTPEGMRKSTIVEXMSRW
GSRHMXMSRWGEPGMYQGLPSVMHIEHHIHXSXLIQM\XYVIWLEPPRSX %781'1EPPS[WJSVXLISRIXMQIEHHMXMSRSJ[EXIVEX
I\GIIH F] [IMKLX SJ GIQIRXMXMSYW QEXIVMEPW *SV XLINSFWMXIYTXSXLIEPPS[EFPIQE\MQYQ[GQ%PXIVREXMZIP]
VIMRJSVGIH GSRGVIXI WYFNIGX XS SXLIV WIVZMGI GSRHMXMSRW XLIEHHMXMSRSJER,6;6%SVE16;6%EXXLINSFWMXIQE]
GEPGMYQ GLPSVMHI EHHIH XS XLI QM\XYVI WLEPP RSX I\GIIH FIYWIH XSMRGVIEWIXLI WPYQTSJ JPS[MRK GSRGVIXI[LIR MX
F][IMKLXSJGIQIRXMXMSYWQEXIVMEPW JEPPWFIPS[XLIHIWMVIHWPYQT%JXIVER,6;6%SV16;6%
6 8LIWI ZEPYIW EVI FEWIH SR XLI GLPSVMHI MSR MW EHHIH XS XLI GSRGVIXI EX XLI WMXI XS EGLMIZI JPS[EFPI
EQSYRXW TVIWIRX MR GEPGMYQ GLPSVMHI EW ER EHQM\XYVI RSX GSRGVIXIHSRSXEHH[EXIVXSXLIGSRGVIXI
GLPSVMHIMSRGSRXIRXF][IMKLX*SVEHHMXMSREPMRJSVQEXMSR 'SRGVIXI WLEPP FI TPEGIH MRXS TSWMXMSR F]QIXLSHW
SR XLI IJJIGXW SJ GLPSVMHIW SR XLI GSVVSWMSR SJ VIMRJSVGMRK XLEXQEMRXEMRXLITVSTIVXMIWWTIGMJMIHMR7IGXMSRWERH
WXIIPVIJIVXS%'-6ERH6+E]RSV
KMZIW
KYMHERGISRGEPGYPEXMRKXLITIVGIRXEKISJGEPGMYQGLPSVMHI
'SRGVIXIXLEXMWTEVXMEPP]LEVHIRIHSVGSRXEQMREXIH
GSRXIRX8LIQSPIGYPEVVEXMSSJ'E'PYWIHMR%'-1XS
F]JSVIMKRQEXIVMEPWWLEPPRSXFITPEGIH
'PzYWIHMR%'-1MWETTVS\MQEXIP]0MQMXWMR%'-
1I\TVIWWIHSRXLIFEWMWSJ'E'P[SYPHFIETTVS\MQEXIP] %VIEWTVITEVIHJSVXLITPEGIQIRXSJGSRGVIXIWLEPPFI
X[MGIXLIIUYMZEPIRXZEPYIWMR%'-1I\TVIWWIHSRXLI JVIISJHIFVMWERHGSRXEQMRERXW7YGLEVIEWWLEPPEPWSFIJVII
FEWMWSJ'Pz%RSXLIVHMJJIVIRGIMWXLEX%'-1I\TVIWWIW SJ[EXIVMRI\GIWWSJEREQSYRXTVIWIRXMRXLIFSXXSQSJJSSXMRKW
PMQMXWEWETIVGIRXEKISJXLI[IMKLXSJGIQIRX[LIVIEW%'- XLEX[MPPFIHMWTPEGIHF]XLIGSRGVIXIHYVMRKTPEGIQIRX
1 I\TVIWWIW MX FEWIH SR GIQIRXMXMSYW QEXIVMEPW %'- 66IJIVXS7IGXMSRJSVXLITPEGIQIRXSJGSRGVIXI
1 MW QSVI VIWXVMGXMZI XLER %'- 1 [LIR MRZSOMRK SRJVS^IRQEXIVMEP
PMQMXWJSVTPEMRGSRGVIXIERHIWXEFPMWLIWPMQMXWIUYMZEPIRXXS 'SRGVIXI WLEPP FI GSRWSPMHEXIH F] WYMXEFPI QIERW
'PzSRTPEMRGSRGVIXIXLEXMWRSXHV]MRWIVZMGIERHJSV HYVMRK TPEGIQIRX ERH WLEPP FI [SVOIH EVSYRH IQFIHHIH
EPPVIMRJSVGIHGSRGVIXIVIKEVHPIWWSJWIVZMGIGSRHMXMSRFYX MXIQWERHVIMRJSVGIQIRXERHMRXSGSVRIVWSJXLIJSVQW
XLIEGXYEPVIWXVMGXMSRMWFEWIHSRGSQQSRTVSHYGXEZEMPEFMPMX]MR 66IGSQQIRHEXMSRWJSVGSRWSPMHEXMSRSJVIWMHIRXMEP
XLIVIWMHIRXMEPMRHYWXV] GSRGVIXIEVIKMZIRMRHIXEMPMR%'-6ERHJSVEPPJSVQW
8LIYWISJGEPGMYQGLPSVMHIJSVXLIWIETTPMGEXMSRWMRGSPH SJ GSRGVIXI MR %'- 6 9WYEPP] WIPJGSRWSPMHEXMRK
[IEXLIVGSRWXVYGXMSRMWGSQQSRERHLEWRSXFIIREGSRGIVR GSRGVIXIERHGSRGVIXI[MXLWPYQTKVIEXIVXLERQQHYI
JSVPMJIWEJIX]SVGSVVSWMSRVIPEXIHJEMPYVIWSJXLIWIX]TIWSJ XS,6;6%MWRSXZMFVEXIHLS[IZIVQMRMQEPZMFVEXMSRQE]
GSRGVIXIQIQFIVW FIVIUYMVIHXSQMRMQM^IWYVJEGIHIJIGXW
'EPGMYQ GLPSVMHI EW ER EHQM\XYVI SV EHQM\XYVIW
GSRXEMRMRK MRXIRXMSREPP] EHHIH GLPSVMHI MSRW WLEPP RSX FI {*SVQVIQSZEP
YWIHMRGSRGVIXIGSRXEMRMRKTVIWXVIWWMRKWXIIPEPYQMRYQSV *SVQWWLEPPFIVIQSZIHMREQERRIVXLEXHSIWRSXMQTEMV
HMWWMQMPEVQIXEPW WEJIX]ERHWIVZMGIEFMPMX]SJXLIWXVYGXYVI'SRGVIXII\TSWIH
68LMWVIUYMVIQIRXEPWSETTPMIWXSGSRGVIXIKVSYXW F] JSVQ VIQSZEP WLEPP LEZI WYJJMGMIRX WXVIRKXL RSX XS FI
SVFSXLMRHMVIGXGSRXEGX[MXLTSWXXIRWMSRMRKWXIIP HEQEKIHF]VIQSZEPSTIVEXMSR
',%48)6{'32'6)8)463(9'8-32 {*MRMWLMRK
%2(40%')1)28 7YVJEGI HIJIGXW XLEX I\TSWI VIMRJSVGIQIRX WLEPP FI
{'SRGVIXI VITEMVIH 7YVJEGI HIJIGXW KVIEXIV XLER Q [MXL HITXLW
6IEH] QM\IH GSRGVIXI WLEPP FI SVHIVIH FEXGLIH
KVIEXIVXLERQQWLEPPFIVITEMVIH
QM\IHERHXVERWTSVXIHMREGGSVHERGI[MXL%781'1
68LIYWIVWLSYPHVIJIVXS%'-6JSVEHHMXMSREP 66IJIVXS%'-6JSVVITEMVKYMHIPMRIW
VIGSQQIRHEXMSRW JSV XLIQIEWYVMRK QM\MRK XVERWTSVXMRK
ERHTPEGMRKSJGSRGVIXI {'YVMRK
'SRGVIXI TVSHYGIH F] ZSPYQIXVMG FEXGLMRK ERH %JXIV TPEGIQIRX GSRGVIXI WLEPP FI TVSXIGXIH XS QEMRXEMR
GSRXMRYSYWQM\MRKWLEPPFIFEXGLIHERHQM\IHMREGGSVHERGI TVSTIVQSMWXYVIERHXIQTIVEXYVI4VSXIGXMSRWLEPPIRWYVIXLEX
[MXL%781'1 I\GIWWMZI[EXIVIZETSVEXMSRHSIWRSXMQTEMVVIUYMVIHWXVIRKXL
68LIYWIVWLSYPHVIJIVXS%'-6JSVEHHMXMSREP SVWIVZMGIEFMPMX]SJXLIIPIQIRX 7IGXMSRWERHWLEPPFI
VIGSQQIRHEXMSRW JSV ZSPYQIXVMG FEXGLMRK ERH XLI GSRXMRYSYW JSPPS[IHMRGSPHERHLSX[IEXLIVGSRHMXMSRWVIWTIGXMZIP]
QM\MRKSJGSRGVIXI 6 8LI SFNIGXMZIW SJ GYVMRK EVI XS VIHYGI XLI PSWW SJ
QSMWXYVIJVSQGSRGVIXIERH[LIRRIIHIHXSWYTTP]EHHMXMSREP
{4PEGIQIRX QSMWXYVIERHQEMRXEMREJEZSVEFPIGSRGVIXIXIQTIVEXYVIJSV
7TIGMJMIH GSRGVIXI TVSTIVXMIW MR EGGSVHERGI [MXL E WYJJMGMIRX TIVMSH SJ XMQI XS EPPS[ XLI GSRGVIXI XS VIEGL
7IGXMSRW ERH WLEPP FI TVSZMHIH EX TSMRX SJ MRMXMEP GVMXMGEP WXVIRKXLW 'SQQSR QIXLSHW MRGPYHI [IX
HIPMZIV] FYVPET TSP]IXL]PIRI WLIIXW FPEROIXW JSKKIVW ERH GYVMRK
62SVQEPP]GSRGVIXIHMWGLEVKIMWGSQTPIXIH[MXLMR GSQTSYRHW6IJIVIRGIWXSXLIWIQIXLSHWERHSXLIV GYVMRK
QMRYXIW EJXIV XLI MRXVSHYGXMSR SJ [EXIV XS GIQIRX XIGLRMUYIWGERFIJSYRHMR%'-6ERH6
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
{'SPH[IEXLIV 8EFPI{7TIGMJMIHQE\MQYQZEPYIWJSV
(YVMRKERXMGMTEXIHEQFMIRXXIQTIVEXYVIGSRHMXMSRW TVIWGVMTXMZIXEFPIWMR'LETXIV
SJ ' SV PIWW GSRGVIXI XIQTIVEXYVI WLEPP FI QEMRXEMRIH %XXVMFYXI 1E\MQYQPMQMXEXMSR
EFSZIEJVS^IRWXEXIYRXMPEGSRGVIXIGSQTVIWWMZIWXVIRKXLSJ 4PERHMQIRWMSR Q
14ELEWFIIRVIEGLIH +IRIVEP
+VSYRHWRS[PSEH O2Q
6 'SRGVIXI XLEX MW JVS^IR FIJSVI EGLMIZMRK E
)UYMZEPIRXJPYMHHIRWMX]SJWSMP OKQ6IJIVXS
GSQTVIWWMZI WXVIRKXL SJ 14E [MPP RSX EGLMIZI XLI %TTIRHM\%
*SYRHEXMSRW
GSQTVIWWMZIWXVIRKXLXLEXMX[SYPHLEZISXLIV[MWI%QEXYVMX] XSO2Q
4VIWYQTXMZIWSMPFIEVMRKZEPYI
GYVZIJSVETEVXMGYPEVQM\XYVIEZEMPEFPIJVSQXLIGSRGVIXI 6IJIVXS8EFPIWERH
WYTTPMIV GER FI YWIH XS HIXIVQMRI [LIR XLI GSQTVIWWMZI 9RWYTTSVXIH[EPPLIMKLX
Q
;EPPW TIVWXSV]
WXVIRKXLSJXLIGSRGVIXIQM\XYVIGERFII\TIGXIHXSVIEGL
9RFEPERGIHFEGOJMPPLIMKLX Q
14E*YVXLIVMRJSVQEXMSRHIQSRWXVEXMRKXLIIJJIGXMZIRIWW
SJ QEXYVMX] XIWXMRK EW ER EGGYVEXI TVIHMGXMSR QIXLSH JSV *PSSVHIEHPSEH O2Q
IEVP]EKIMRTPEGIWXVIRKXLERHQM\XYVITIVJSVQERGIGER *PSSVPSEHW *MVWXJPSSVPMZIPSEH O2Q
FI SFXEMRIH JVSQ XLI 'SRGVIXI *SYRHEXMSRW %WWSGMEXMSR 7IGSRHERHXLMVHJPSSVPMZI
O2Q
PSEHW
'*%
MRXLI'SPH;IEXLIV6IWIEVGL6ITSVX6IJIVXS%'-
6 JSV JYVXLIV MRJSVQEXMSR VIKEVHMRK GSPH[IEXLIV 6SSJERHGIMPMRKHIEHPSEH O2Q
GSRGVIXITVEGXMGIW 6SSJPSEHW 6SSJWRS[PSEH O2Q
'SRGVIXI QEXIVMEPW VIMRJSVGIQIRX JSVQW ERH ER] %XXMGPMZIPSEH O2Q
IEVXL[MXL[LMGLGSRGVIXIMWXSGSQIMRGSRXEGXWLEPPFIJVII 1E\MQYQ *PSSVGPIEVWTERYRWYTTSVXIH
Q
JVSQMGIWRS[ERHJVSWX GPIEVWTER 6SSJGPIEVWTERYRWYTTSVXIH
Q
*VS^IRQEXIVMEPWSVQEXIVMEPWGSRXEMRMRKMGIWLEPPRSX
FIYWIH
JSSXMRK [MHXL TVSNIGXMSR MW QIEWYVIH JVSQ XLI JEGI SJ XLI
{,SX[IEXLIV GSRGVIXIXSXLIIHKISJXLIJSSXMRK
(YVMRKLSX[IEXLIVEXXIRXMSRWLEPPFIKMZIRXSMRKVIHMIRXW ;EPPJSSXMRKXLMGORIWWWLEPPRSXFIPIWWXLERXLI
TVSHYGXMSRQIXLSHWLERHPMRKHIPMZIVMRKTPEGMRKTVSXIGXMSR KVIEXIV SJ QQ SV LEPJ XLI JSSXMRK [MHXL QMRYW XLI
ERH GYVMRK SJ GSRGVIXI XS TVIZIRX I\GIWWMZI GSRGVIXI WYTTSVXIH[EPPXLMGORIWW
XIQTIVEXYVIWSV[EXIVIZETSVEXMSRXLEXGSYPHMQTEMVVIUYMVIH -WSPEXIH JSSXMRKW{-WSPEXIH JSSXMRK HMQIRWMSRW
WXVIRKXLSVWIVZMGIEFMPMX]SJXLIQIQFIVSVWXVYGXYVI WLEPPRSXFIPIWWXLERXLIETTPMGEFPIHMQIRWMSRWWTIGMJMIHMR
6 ,SX [IEXLIV GSRHMXMSRW GER MQTEMV XLI YPXMQEXI 8EFPI
GSRGVIXI GSQTVIWWMZI WXVIRKXL SV WIVZMGIEFMPMX] SJ XLI 6 8LI XVMFYXEV] EVIE WYTTSVXIH F] ER MWSPEXIH
GSRGVIXI IPIQIRX MJ ETTVSTVMEXI LSX[IEXLIV GSRGVIXMRK JSSXMRK MW WLS[R MR *MK 6 -WSPEXIH JSSXMRKW EVI EPWS
TVEGXMGIWEVIRSXJSPPS[IH6IJIVXS%'-6JSVMRJSVQEXMSRSR GEPPIHTMIVSVGSPYQRJSSXMRKW
LSX[IEXLIVGSRGVIXMRKTVEGXMGIW *SSXMRKWYVJEGIW{8LIFSXXSQWYVJEGISJJSSXMRKWWLEPP
RSXI\GIIHEWPSTISJZIVXMGEPMRLSVM^SRXEP8LIXSTWYVJEGI
',%48)6{*338-2+7 SJJSSXMRKWWLEPPFIPIZIP[MXLMRXLIXSPIVERGIWWTIGMJMIH
{+IRIVEP 6'SQQSRXSPIVERGIWJSVVIWMHIRXMEPGSRGVIXIGERFI
8LIHIWMKRERHGSRWXVYGXMSRSJMWSPEXIHJSSXMRKWERH[EPP JSYRHMR%'-6
JSSXMRKWWLEPPFIMREGGSVHERGI[MXL7IGXMSRWERH *SSXMRKWRSXGSRXMRYSYWP]WYTTSVXIH{*SSXMRKWXLEX
6 *SSXMRKW EVI TVSZMHIH YRHIV GSPYQRW EPWS GEPPIH EVI RSX GSRXMRYSYWP] WYTTSVXIH WLEPP FI GSRWXVYGXIH MR
TMIVW ERH [EPPW [LIR GEPGYPEXMSRW WLS[ XLEX SQMXXMRK XLI EGGSVHERGI[MXL7IGXMSRSV
JSSXMRK[MPPVIWYPXMRWSMPTVIWWYVIWXLEXI\GIIHXLIEPPS[EFPI 6'SRHMXMSRW[LIVI[EPPJSSXMRKWEVIRSXGSRXMRYSYWP]
WSMPFIEVMRKTVIWWYVIW*SSXMRKWEVIEPWSTVSZMHIHXSJEGMPMXEXI WYTTSVXIH EVI GSQQSRP] JSYRH EVSYRH WERMXEV] SV [EXIV
XLI TPEGIQIRX SJ JSVQW 7SMPFIEVMRK TVIWWYVIW GER FI TMTIW[LIVITSSVP]GSQTEGXIHWSMPWIXXPIWFIPS[XLIFSXXSQ
VIJIVIRGIH MR XLI KIRIVEP FYMPHMRK GSHI SV SFXEMRIH F] WYVJEGISJXLIJSSXMRK8LIFEGOJMPPWLSYPHFIGSQTEGXIHF]
GSRHYGXMRKEKISXIGLRMGEPMRZIWXMKEXMSR[LIVIJMPPSVSXLIV XEQTMRKXSXLIPIZIPSJXLIFSXXSQWYVJEGISJXLIJSSXMRKWXS
[MWIYRYWYEPWSMPGSRHMXMSRWEVIIRGSYRXIVIH SFXEMR EHIUYEXI FIEVMRK ERH QMRMQM^I XLI PMOIPMLSSH SJ
HIXVMQIRXEPWIXXPIQIRX
{(IWMKR ;LIVIERYRWYTTSVXIH[EPPJSSXMRKWIGXMSRHSIW
*SVJSSXMRKWHIWMKRIHF]XLMW'SHIXLIEXXVMFYXIWPMWXIHMR RSXI\GIIHEQQWTEREQMRMQYQSJX[S2SVIMRJSVGMRK
8EFPIWLEPPRSXFII\GIIHIH FEVWWLEPPFITPEGIHMRXLIFSXXSQSJXLIJSSXMRKERHI\XIRH
;EPPJSSXMRKW EXPIEWXQQMRXSXLIWYTTSVXIHWIGXMSRWSRFSXLWMHIW
;EPP JSSXMRK [MHXL WLEPP RSX FI PIWW XLER XLI 6IMRJSVGMRKFEVWWLEPPLEZIEWTIGMJMIHQMRMQYQGSZIVSJQQ
ETTPMGEFPI HMQIRWMSRW WTIGMJMIH MR 8EFPI SV XLI JVSQXLIWMHIWERHFSXXSQSJXLIJSSXMRK
WYTTSVXIH[EPPXLMGORIWWTPYWQQ[LMGLIZIVMWKVIEXIV 8VIRGLIW YRHIV JSSXMRKW WLEPP FI FEGOJMPPIH XS
6*SSXMRK[MHXLWRIIHXSTVSNIGXEQMRMQYQSJQQ TVIZIRX QSZIQIRX SJ XLI EHNEGIRX WSMP ERH GSQTEGXIH XS
SRIEGLWMHISJXLI[EPPXSWYTTSVXXLIJSVQMRKW]WXIQ8LI QEXGLXLIEHNEGIRXWSMPGSRHMXMSRW
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI{1MRMQYQWTIGMJMIH[MHXLSJ[EPPJSSXMRKWQQj
2SSJWXSVMIW %PPS[EFPIWSMPFIEVMRKGETEGMX]PFJX
EFSZIKVEHIk
3RIWXSV]
'SRZIRXMSREP[SSHJVEQI
GSRWXVYGXMSREFSZIKVEHI
8[SWXSV]
8LVIIWXSV]
QQFVMGOZIRIIVSZIV 3RIWXSV]
[SSHJVEQI
QQLSPPS[GSRGVIXIQEWSRV] 8[SWXSV]
YRMXEFSZIKVEHI
8LVIIWXSV]
3RIWXSV]
QQKVSYXIHGSRGVIXI
8[SWXSV]
QEWSRV]YRMX
8LVIIWXSV]
7TIGMJMIHQMRMQYQGSRGVIXIWXVIRKXLJG WLEPPFI14E
j*SSXMRK[MHXLWPIWWXLERQQEVIVIWXVMGXIHXS[EPPWXLEXQIIXEPPSJXLIJSPPS[MRKGVMXIVMEE
QSVPIWWMRLIMKLXF
7IMWQMG(IWMKR'EXIKSV]'SVPIWWERHG
[EPPJSSXMRKW
XLEXWYTTSVXKEVEKIWTSVGLIWSVWMRKPIWXSV]VSSJPSEHW
k
8EFPIMRGPYHIWJSYRHEXMSRJSVI\EQTPIESRIWXSV]MRGPYHIWXLIWXSV]EFSZIKVEHIERHEJSYRHEXMSR
8EFPI{1MRMQYQWTIGMJMIHWM^IERHVIMRJSVGIQIRXJSVMWSPEXIHJSSXMRKWQQ jk
%PPS[EFPIWSMPFIEVMRKGETEGMX]JXO2Q
8VMFYXEV]EVIE
*SSXMRKWYTTSVXMRK \\QQ \\QQ \\QQ \\QQ \\QQ \\QQ
VSSJPSEHk [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E]
*SSXMRKWYTTSVXMRK \\QQ \\QQ \\QQ \\QQ \\QQ \\QQ
VSSJERHSRIJPSSVk [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E]
*SSXMRKWYTTSVXMRK
VSSJERHX[S \\QQ \\QQ \\QQ \\QQ \\QQ \\QQ
[MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E] [MXL2SIEGL[E]
JPSSVWk
7TIGMJMIHQMRMQYQGSRGVIXIWXVIRKXLJ WLEPPFI14E
G
j7TIGMJMIHQMRMQYQ]MIPHWXVIRKXLJ WLEPPFI14E
]
k1E\MQYQXVMFYXEV]EVIEMW\QFEWIHSRPSEHWTVIWGVMFIHMR8EFPI
9RWYTTSVXIH[EPPJSSXMRKWTERWI\GIIHMRKQQ
EVIFI]SRHXLIWGSTISJXLMW'SHI
(MWGSRXMRYSYW [EPP JSSXMRKW{% [EPP JSSXMRK WLEPP
FI TIVQMXXIH XS FI HMWGSRXMRYSYW EX ER EFVYTX IPIZEXMSR
GLERKIEGGSVHMRKXS7IGXMSRSV
6%FVYTXIPIZEXMSRGLERKIWGSQQSRP]GEPPIHWXITW
SGGYV MR PSGEXMSRW WYGL EW [EPOSYX FEWIQIRXW KVEHI
GLERKIW ERH XVERWMXMSRW XS KEVEKI JSYRHEXMSRW %X WYGL
PSGEXMSRWXLI[EPPWTERWXLILSVM^SRXEPHMWGSRXMRYMX]SJXLI
JSSXMRK6IJIVXS*MK6
% QE\MQYQ LSVM^SRXEP HMWGSRXMRYMX] SJ Q
WLEPPFITIVQMXXIHF]XLMW'SHIERHGSRJSVQXSXLIVIMRJSVGIQIRX
VIUYMVIQIRXWSJ7IGXMSR
,SVM^SRXEPJSSXMRKHMWGSRXMRYMXMIWKVIEXIVXLERQ *MK6{8VMFYXEV]EVIEJSVMWSPEXIHJSSXMRK
EVIFI]SRHXLIWGSTISJXLMW'SHI
QQSJXLIIRHWSJIEGLTPEXIWIGXMSR[LIRWYTTSVXIH
*SYRHEXMSRERGLSVEKI MR7IMWQMG(IWMKR'EXIKSVMIW
SREGSRXMRYSYWJSYRHEXMSR
7('W
' ( ( ERH ({8LI JSPPS[MRK VIUYMVIQIRXW
G
-RXIVMSVFIEVMRK[EPPWSPITPEXIWWLEPPLEZIERGLSVFSPXW
WLEPPETTP]XS[SSHPMKLXJVEQIWXVYGXYVIWMR7('( (
WTEGIH EX RSX QSVI XLER Q SR GIRXIV ERH PSGEXIH
ERH ( ERH [SSH PMKLXJVEQI XS[RLSYWIW MR 7(' ' EW
[MXLMR QQ SJ XLI IRHW SJ IEGL TPEXI WIGXMSR [LIR
HIJMRIHF]7IGXMSRSJXLMW'SHI
WYTTSVXIHSREGSRXMRYSYWJSYRHEXMSRERH
E
4PEXI[EWLIVWXLEXEVIEQMRMQYQSJ\\QQ H
8LIWTIGMJMIHQE\MQYQERGLSVFSPXWTEGMRKWLEPP
WLEPPFITVSZMHIHJSVEPPERGLSVFSPXWFIX[IIRXLIWMPPTPEXI FIQJSVFYMPHMRKWSZIVX[SWXSVMIWMRLIMKLX
ERHXLIRYX4VSTIVP]WM^IHGYX[EWLIVWWLEPPFITIVQMXXIHJSV 0SRKMXYHMREPVIMRJSVGIQIRXMRGSRXMRYSYWJSSXMRKWMR
ERGLSVFSPXWMR[EPPPMRIWRSXGSRXEMRMRKFVEGIH[EPPTERIPW 7('( (ERH(
F
-RXIVMSV FVEGIH [EPP TPEXIW WLEPP LEZI ERGLSV FSPXW 'SRXMRYSYWJSSXMRKW[MXLWXIQ[EPPW{*SSXMRKW
WTEGIHEXRSXQSVIXLERQSRGIRXIVERHPSGEXIH[MXLMR [MXL WXIQ [EPPW WLEPP GSRXEMR SRI PSRKMXYHMREP 2S FEV
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
*MK6{)\XIVMSVYRJSVQIHXLMGOIRIHWPEFJSSXMRK
*MK6{(MWGSRXMRYSYW[EPPJSSXMRKERHEHHMXMSREP[EPP
VIMRJSVGIQIRX
*MK6{-RXIVMSVYRJSVQIHXLMGOIRIHWPEFJSSXMRK
8EFPI{6IUYMVIH[EPPXSJSSXMRKNSMRXHIWMKRW
7(' ,IMKLXSJYRFEPERGIHFEGOJMPP %GGITXEFPINSMRX
Q 'PIERGSRWXVYGXMSRNSMRX
%&'
"Q SV
((() %PP
'PIERGSRWXVYGXMSRNSMRXVIJIVWXSXLIMRXIVJEGIFIX[IIRJSSXMRKERHJSYRHEXMSR[EPP
[MXLRSHIFVMWERH[MXLRSXSSPIHWYVJEGIGLEVEGXIVMWXMGWVIJIVXS*MK6
OI][E]WLEPPFIEWTIGMJMIHQMRMQYQSJQQHIITERH
QQ[MHIEXXLIXST
66IJIVXS*MK6
',%48)6{*392(%8-32;%007
{+IRIVEP
4VSZMWMSRWSJXLMWGLETXIVWLEPPETTP]XSJSYRHEXMSR
[EPPWSJFYMPHMRKW[MXLMRXLIWGSTISJXLMW'SHI
0EXIVEPWYTTSVXMWVIUYMVIHEXXLIXSTERHFSXXSQSJ
XLI [EPP ;EPPXSJSSXMRK NSMRXW XLEX GSQTP] [MXL 7IGXMSR
*MK6{;EPPXSJSSXMRKNSMRX[MXLHS[IP LEZIWEXMWJMIHXLIFSXXSQPEXIVEPWYTTSVXVIUYMVIQIRX
8LIGSRRIGXMSRSJXLIPEXIVEPWYTTSVXW]WXIQXSXLIXSTSJXLI
[EPP WLEPP GSQTP] [MXL 7IGXMSR 8LI HIWMKR SJ XST
PEXIVEPWYTTSVXMWFI]SRHXLIWGSTISJXLMW'SHI
66IJIVXS7IGXMSRJSVXLIHIWMKRSJJSYRHEXMSR[EPPW
;EPPW[MXLEVIUYMVIHXLMGORIWWKVIEXIVXLERQQ
EVIFI]SRHXLIWGSTISJXLMW'SHI
6 8LI 'SHI EPPS[W [EPP WIGXMSRW [MXL XLMGORIWW
KVIEXIV XLER QQ JSV RSRWXVYGXYVEP TYVTSWIW WYGL EW
IEWISJJSVQMRK
;EPP XLMGORIWW WLEPP RSX FI PIWW XLER XLI WTIGMJMIH
QMRMQYQVIUYMVIHF]7IGXMSR I\GITXEWTIVQMXXIHF]
7IGXMSR
;EPPW[MXLERYRWYTTSVXIH[EPPLIMKLXKVIEXIVXLER
QEVIFI]SRHXLIWGSTISJXLMW'SHI
6 9RWYTTSVXIH [EPP LIMKLXW KVIEXIV XLER Q
VIUYMVI HIWMKR GSRWMHIVEXMSRW XLEX EVI RSX GSZIVIH F] XLI
XEFPIWERHIUYEXMSRWSJXLMW'SHI
8LIHIXIVQMREXMSRSJIUYMZEPIRXJPYMHTVIWWYVISJXLI
FEGOJMPPEKEMRWXXLIJSYRHEXMSR[EPPMWFI]SRHXLIWGSTISJ
XLMW'SHI
*MK6{;EPPXSJSSXMRKNSMRX[MXLOI][E] 68LIYWIVQE]GSRWYPX%7')7)-EKISXIGLRMGEP
IRKMRIIVSVXLI&YMPHMRK'SHIXSSFXEMRXLIIUYMZEPIRXJPYMH
TVIWWYVISJFEGOJMPP
*SVQIH JSSXMRKW{7MHI JSVQW WLEPP FI WIGYVIH XS
QEMRXEMR HMQIRWMSRW ERH EPMKRQIRX FIJSVI ERH HYVMRK {(IWMKR
GSRGVIXITPEGIQIRX *SYRHEXMSR[EPPWWLEPPFIHIWMKRIHF]YWMRKXLITVIWGVMTXMZI
*MRMWLMRK{8ST WYVJEGIW SJ XLI JSSXMRK WLEPP FI XEFPIW MR %TTIRHM\ % SV F] [EPP TVSZMWMSRW SJ XLMW GLETXIV
WXVYGOSJJPIZIPSVTVITEVIHJSVOI][E]SVHS[IPGSRRIGXMSR *SYRHEXMSR[EPPHIWMKRWLEPPFIFEWIHSREREP]^MRKXLI[EPPEW
EWVIUYMVIHMR7IGXMSR EWMQTP]WYTTSVXIHZIVXMGEPJPI\YVEPQIQFIV[MXLXLIXSTERH
;EPPXSJSSXMRKNSMRX{%PP[EPPXSJSSXMRKGSRRIGXMSRW FSXXSQ PEXIVEPP] WYTTSVXIH ;EPPW WLEPP FI HIWMKRIH EW TPEMR
WLEPPFIMREGGSVHERGI[MXL8EFPI GSRGVIXI GSRJSVQMRK XS 7IGXMSR VIMRJSVGIH GSRGVIXI
%2SHS[IPWLEPPI\XIRHEXPIEWXHFMRXSXLI GSRJSVQMRKXS7IGXMSRSVGSRJSVQMRKXS7IGXMSR%PP
[EPPERHQQMRXSXLIJSSXMRKEXEQE\MQYQSJQQ [EPP TVSZMWMSRW SJ %'- 1 RSX WTIGMJMGEPP] QSHMJMIH SV
SRGIRXIVEPSRKXLIJSSXMRK8SJEGMPMXEXITSWMXMSRMRKFIJSVI I\GPYHIH F] XLMW GLETXIV WLEPP ETTP] XS XLI HIWMKR ERH
GSRGVIXI TPEGIQIRX ZIVXMGEP HS[IPW EVI TIVQMXXIH XS FI EREP]WMWSJJSYRHEXMSR[EPPW
HVMZIRMRXSXLIKVEHIMRXLIFSXXSQSJXLIJSSXMRK 6%'-17IGXMSR)U
ERH7IGXMSR
66IJIVXS*MK6 EVIQSHMJMIHSVI\GPYHIHMR'LETXIVSJXLMW'SHI%'-1
% GSRXMRYSYW OI][E] WLEPP FI JSVQIH MR XLI 7IGXMSR VIUYMVIW QMRMQYQ [EPP VIMRJSVGIQIRX )U
JSSXMRK PSGEXIH [MXLMR XLI QMHHPI XLMVH SJ XLI [EPP 8LI PMQMXW XLI XIRWMPI WXVIRKXL SJ TPEMR GSRGVIXI [EPPW WYFNIGX XS
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
*MK6{6IHYGXMSRSJ[EPPXLMGORIWW
*MK6{6IMRJSVGIHGSRGVIXIJSYRHEXMSR[EPP
{'SRWXVYGXMSR
*SVQW{*SYRHEXMSR [EPP JSVQW WLEPP FI WXEFPI
HYVMRKTPEGIQIRXSJGSRGVIXIERHWLEPPVIWYPXMREWXVYGXYVI
XLEXGSRJSVQWXSXLIWLETIWPMRIWERHHMQIRWMSRWVIUYMVIH
F] XLI HIWMKR HVE[MRKW ERH WTIGMJMGEXMSRW &PSGOSYXW
MRWIVXWFYPOLIEHWIQFIHHIHMXIQWERHVIMRJSVGIQIRXWLEPP
FI MRWXEPPIH MR XLI JSVQW MR WYGL E QERRIV XLEX XLIMV JMREP
HMQIRWMSRW EPMKRQIRXW ERH IPIZEXMSRW EVI QEMRXEMRIH
[MXLMRXLIXSPIVERGIWWTIGMJMIH
6 &YPOLIEHW JSVQ XLI IHKI SJ E GSRWXVYGXMSR NSMRX
ERHEVIYWIHEXXLIIRHSJETPEGIQIRX[LIRERMRXIVVYTXMSR
MWTPERRIHSVERXMGMTEXIH'SQQSRXSPIVERGIWJSVVIWMHIRXMEP
GSRGVIXIGERFIJSYRHMR%'-6
'SRWXVYGXMSRNSMRXW{8LINSMRXWYVJEGIWLEPPFIGPIER
ERH [IXXIH ERH WXERHMRK [EXIV VIQSZIH JVSQ XLI JSVQW
*MK{6IIRXVERXGSVRIVVIMRJSVGIQIRX
MQQIHMEXIP]FIJSVIGSRGVIXIMWTPEGIH
6'SRWXVYGXMSRNSMRXWQE]FIVIUYMVIH[LIVIXLIVIMW
SRIMRXLIFSXXSQQQ8LIVIQEMRMRKVIUYMVIHFEVWWLEPP ERMRXIVVYTXMSRMRXLITPEGIQIRXSJGSRGVIXI
FIWTEGIHSZIVXLILIMKLXSJXLI[EPPEWIUYEPP]EWTVEGXMGEP
'SRWXVYGXMSRNSMRXWWLEPPFISVMIRXIHZIVXMGEPP]MR
H
8LILSVM^SRXEPVIMRJSVGIQIRXWLEPPFIWIGYVIHEWGPSWI
TPEMR GSRGVIXI [EPPW ,SVM^SRXEP SV ZIVXMGEP GSRWXVYGXMSR
EWTVEGXMGEPXSXLIXIRWMSRJEGISJXLI[EPPFYXFILMRHZIVXMGEP
NSMRXWEVITIVQMXXIHMRVIMRJSVGIHGSRGVIXI[EPPW
VIMRJSVGIQIRX[LIVITVIWIRX
*SV ZIVXMGEP GSRWXVYGXMSR NSMRXW E QMRMQYQ SJ
I
6IMRJSVGIQIRX PET PIRKXL WLEPP RSX FI PIWW XLER
QQERH XLVII LSVM^SRXEP VIMRJSVGMRK FEVW IUYEPP] WTEGIH WLEPP
I\XIRH XLVSYKL GSRWXVYGXMSR NSMRXW [MXL E WTIGMJMIH
J
%XGSVRIVWLSVM^SRXEPVIMRJSVGIQIRXWLEPPI\XIRHEVSYRH
QMRMQYQPIRKXLSJQQSRIEGLWMHISJXLINSMRX
GSVRIVWERHPETVIMRJSVGIQIRXEWTIGMJMIHQMRMQYQSJHF
K
8[S2SLSVM^SRXEPFEVWWLEPPFIPSGEXIHMRXLIYTTIV 'SRWXVYGXMSRNSMRXWWLEPPFIWIEPIHMREQERRIVXS
QSJXLI[EPP TVIZIRXWIITEKISJ[EXIVTEWXISVQSVXEVXLVSYKLXLINSMRX
6,SVM^SRXEP[EPPVIMRJSVGIQIRXMWTPEGIHXSVIHYGI 6 )\XIVREP [EXIVTVSSJMRK ERH MRXIVREP [EXIV
GVEGOMRK XLEX GER VIWYPX JVSQ VIWXVEMRX EKEMRWX ZSPYQI WXSTW EVI QIXLSHW GSQQSRP] YWIH XS TVSZMHI [EXIVXMKLX
GLERKIW HYI XS WLVMROEKI ERH XIQTIVEXYVI GLERKI 8LI GSRWXVYGXMSRNSMRXW
WIVZMGIEFMPMX]VIUYMVIQIRXWSJVIWMHIRXMEPGSRGVIXIEPPS[JSV 7YVJEGI MVVIKYPEVMXMIW{*MRW SV TVSNIGXMSRW SJ
GVEGO HIZIPSTQIRX 8LI XIRWMSR JEGI MW XLI MRWMHI JEGI SJ E GSRGVIXIKVIEXIVXLERQQWLEPPFIVIQSZIHEJXIVWXVMTTMRK
[EPPEWWYQMRKFEGOJMPPMWETTPMIHXSXLISYXWMHIJEGI6IJIVXS JSVQW7YVJEGIEVIEW[LIVIZSMHWMRXLIGSRGVIXITPEGIQIRX
8EFPI6JSVGSQQSRVIMRJSVGMRKFEVZEPYIWMRGPYHMRKHF I\TSWIXLIVIMRJSVGIQIRXWLEPPFIVITEMVIH
%HHMXMSREP [EPP VIMRJSVGIQIRX{%X HMWGSRXMRYSYW 6-XMWMQTSVXERXXSVIQSZIJMRWSVSXLIVTVSNIGXMSRW
[EPPJSSXMRKW[LIVI[EPPJSSXMRKIPIZEXMSRGLERKIMWKVIEXIV JVSQXLII\XIVMSV[EPPWYVJEGIXSTVIZIRXMRXIVJIVIRGI[MXL
XLER X[MGI XLI JSSXMRK XLMGORIWW TPEGIEQMRMQYQ SJ X[S HEQTTVSSJMRKERH[EXIVTVSSJMRKW]WXIQW-XMWEPWSMQTSV
2S LSVM^SRXEP VIMRJSVGMRK FEVW SRI EX XLI XST ERH XLI XERXXSVIQSZIJMRWSVSXLIVTVSNIGXMSRWJVSQXLIMRXIVMSV[EPP
SXLIVEXXLIFSXXSQSJXLI[EPPMREHHMXMSRXSSXLIVVIUYMVIH WYVJEGIXSTVIZIRXMRXIVJIVIRGI[MXLMRXIVMSVJMRMWLW]WXIQW
[EPPVIMRJSVGIQIRX8LIWIFEVWWLEPPI\XIRHEXIEGLIRHEXPIEWX
[LIVIXLI[EPPWYVJEGIIRGPSWIWSGGYTMIHWTEGI
QQMRXSXLI[EPPTSVXMSRWYTTSVXIHHMVIGXP]F]XLIXST
ERH FSXXSQ [EPP JSSXMRKW 8LI FEVW WLEPP FI TPEGIH MR XLI
QMHHPI XLMVH SJ XLI [EPP XLMGORIWW 'SRGVIXI GSZIV WLEPP FI ',%48)6{()7-+2*36)<4%27-:)73-07
QEMRXEMRIHMREGGSVHERGI[MXL7IGXMSR {+IRIVEP
8LIHIWMKRSJJSSXMRKWERHJSYRHEXMSRWJSVFYMPHMRKW
68LMWVIMRJSVGIQIRXMWTPEGIHXSVIWXVEMRGVEGOMRK
ERH WXVYGXYVIW JSYRHIH SR I\TERWMZI WSMP WLEPP GSRJSVQ XS
8LI 'SHI VIUYMVIW VIMRJSVGIQIRX XS FI TVSZMHIH MR FSXL
TPEMRERHVIMRJSVGIHJSYRHEXMSR[EPPW6IJIVXS*MK6 7IGXMSRSV
6IIRXVERXGSVRIVW{;LIVI E [EPP STIRMRK SV ER ;LIVI I\TERWMZI WSMP MW VIQSZIH XS E HITXL XLEX
EFVYTX IPIZEXMSR GLERKI KVIEXIV XLER QQ MR XST SV IRWYVIWGSRWXERXQSMWXYVIGSRXIRXMRXLIVIQEMRMRKWSMPSV
FSXXSQSJ[EPPGVIEXIWEVIIRXVERXGSVRIVEXPIEWXSRI2S [LIR XLI WSMP MW WXEFMPM^IH MR EGGSVHERGI [MXL XLI KIRIVEP
VIMRJSVGMRK FEV QQPSRKWLEPPFI TPEGIH HMEKSREPP] EW FYMPHMRK GSHI XLI HIWMKR SJ JSSXMRKW ERH JSYRHEXMSRW JSV
GPSWIEWTVEGXMGEPXSXLIVIIRXVERXGSVRIV FYMPHMRKWERHWXVYGXYVIWRIIHRSXGSRJSVQXS7IGXMSRW
68LMWVIMRJSVGIQIRXMWTPEGIHXSPMQMXXLI[MHXLSJ ERH
[EPPGVEGOWGEYWIHF]EVIIRXVERXGSVRIVWYGLEWMWJSVQIH *MPPQEXIVMEPWLEPPGSQTP][MXLXLIKIRIVEPFYMPHMRK
F]E[MRHS[SVEHSSV6IJIVXS*MK6 GSHIERHWLEPPRSXGSRXEMRI\TERWMZIWSMPW
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
{)\TERWMZIWSMPGPEWWMJMGEXMSR 8EFPI{7TIGMJMIHQE\MQYQGSRXVEGXMSR
7SMPWWLEPPFIGSRWMHIVIHI\TERWMZI[LIRXIWXWJSVMXIQE
NSMRXWTEGMRKJSVWPEFSRKVSYRH[MXLSYX
EVIJSYRHTSWMXMZISV[LIRWSMPWXIWXIHGSQTP] [MXLMXIQW WXIIPVIMRJSVGIQIRX
F
G
ERHH
7PEFXLMGORIWWL 7TIGMJMIHQE\MQYQWM^I 7TIGMJMIHQE\MQYQWM^I
QQ EKKVIKEXIPIWWXLERQQ EKKVIKEXIQQERHPEVKIV
E
)\TERWMSR -RHI\ )-
KVIEXIV XLER HIXIVQMRIH MR
Q Q
EGGSVHERGI[MXL%781(
Q Q
F
4PEWXMGMX] -RHI\ 4-
SJ SV KVIEXIV HIXIVQMRIH MR Q Q
EGGSVHERGI[MXL%781(
G
1SVI XLER SJ XLI WSMP TEVXMGPIW TEWW E 2S
WMIZIHIXIVQMRIHMREGGSVHERGI[MXL%781(ERH GSRGIVRMRKZETSVVIXEVHIVKVERYPEVFEWIHVEMREKI[EXIV
H
1SVIXLER SJXLIWSMPTEVXMGPIWEVIPIWWXLER TVSSJMRKERHHEQTTVSSJMRKVIUYMVIQIRXW
QMGVSQIXIVWMRWM^IHIXIVQMRIHMREGGSVHERGI[MXL%781
( {7YTTSVX
7PEFWSRKVSYRH WLEPP FI GSRXMRYSYWP] WYTTSVXIH SR
{(IWMKR YRHMWXYVFIHWSMPSV[MXLJMPPERHFEWIEWHIWGVMFIHMR7IGXMSRW
*SSXMRKWERHJSYRHEXMSRW{*SSXMRKWSVJSYRHEXMSRW ERH
TPEGIH SR SV [MXLMR XLIQSMWXYVIEGXMZI ^SRISJI\TERWMZI *MPP{8LI JMPP WLEPP FI GSQTEGXIH XS TVSZMHI
WSMPWWLEPPFIHIWMKRIHXSVIWMWXHMJJIVIRXMEPZSPYQIGLERKIW YRMJSVQWYTTSVXSJXLIWPEFERHWLEPPRSXGSRXEMRHIPIXIVMSYW
ERHXSTVIZIRXHEQEKIXSXLIWYTTSVXIHWXVYGXYVI UYERXMXMIWSJSVKERMGSVJSVIMKRQEXIVMEP*MPPHITXLWWLEPPRSX
*SYRHEXMSRWI\XIRHMRKMRXSSVTIRIXVEXMRKI\TERWMZIWSMPW I\GIIHQQJSVGPIERWERHSVKVEZIPERHQQJSVWYMXEFPI
WLEPPFIHIWMKRIHXSTVIZIRXYTPMJXSJXLIWYTTSVXIHWXVYGXYVI WSMPWYRPIWWETTVSZIHF]XLIPSGEPFYMPHMRKSJJMGMEP
ERH XS VIWMWX JSVGIW I\IVXIH SR XLI JSYRHEXMSR HYI XS WSMP &EWI{%QQXLMGOFEWIGSYVWIGSRWMWXMRKSJ
ZSPYQIGLERKIWSVWLEPPFIMWSPEXIHJVSQXLII\TERWMZIWSMP GPIERKVEHIHWERHKVEZIPGVYWLIHWXSRIGVYWLIHWPEKSV
6 *SV PMQMXW SR HIJPIGXMSR ERH GVEGOMRK SJ XLI VIG]GPIHGVYWLIHGSRGVIXITEWWMRKEQQWMIZIWLEPPFITPEGIH
WYTTSVXIHWXVYGXYVIVIJIVXSXLIKIRIVEPFYMPHMRKGSHI SRXLITVITEVIHWYFKVEHI[LIRXLIWPEFMWFIPS[KVEHI
7PEFSRKVSYRHJSYRHEXMSRW{7PEFSRKVSYRHQEX
SV VEJX JSYRHEXMSRW SR I\TERWMZI WSMPW WLEPP FI HIWMKRIH {*SVQW
YWMRK QSQIRXW WLIEVW ERH HIJPIGXMSRW HIVMZIH JVSQ ER *SVQW JSV WPEFWSRKVSYRH WLEPP FI FVEGIH XS QEMRXEMR
EREP]WMW XLEX EGGSYRXW JSV XLI GSQFMRIH EGXMSR SJ XLI LSVM^SRXEPERHZIVXMGEPEPMKRQIRX[MXLWYJJMGMIRXWXVIRKXLXS
HIJSVQIH WLETI SJ XLI WSMP WYTTSVX XLI TPEXI SV WXMJJIRIH VIWMWXGSRGVIXITVIWWYVIERHETTPMIHPSEHWJVSQQIGLERMGEP
TPEXIEGXMSRSJXLIWPEFEW[IPPEWFSXLIHKIPMJXERHIHKI TPEGMRKERHJMRMWLMRKIUYMTQIRX
HVSTGSRHMXMSRW
6 +YMHERGI SR XLI VIUYMVIQIRXW JSV TSWXXIRWMSRIH {8LMGORIWW
WPEFWSRKVSYRHGERFIJSYRHMRXLI4SWX8IRWMSRMRK-RWXMXYXIvW 8LI WTIGMJMIH QMRMQYQ XLMGORIWW SJ WPEFWSRKVSYRH
48-
('8LITVSZMWMSRWJSVWPEFWSRKVSYRHXLEXEVI WLEPPFIQQ
RSXSRI\TERWMZIWSMPWEVIMR'LETXIVSJXLMW'SHI 6 -RXIVMSV FIEVMRK [EPPW SR WPEFWSRKVSYRH QE]
VIUYMVIXLMGOIRIHWPEFJSSXMRKWJSVPSEHHMWXVMFYXMSR6IJIVXS
',%48)6{70%&732+6392( *MK6JSVYRJSVQIHXLMGOIRIHWPEFJSSXMRKW
{(IWMKR
7PEFWSRKVSYRHWLEPPFIHIWMKRIHGSRWMHIVMRKXLIERXMGM {.SMRXW
TEXIHPSEHWERHXLIWSMPSVJMPPFIEVMRKGETEGMX]WYTTSVXMRK 'SRWXVYGXMSR NSMRXW{*SVQIH GSRWXVYGXMSR NSMRXW
XLIWPEF'LETXIVWLEPPETTP]XSWPEFWSRKVSYRHXLEXEVI WLEPP FI TVSZMHIH [LIR GSRGVIXI TPEGMRK STIVEXMSRW EVI
E
7YFNIGXIHXSPSEHWVIWYPXMRKJVSQTIHIWXVMERWSVZILMGPIW MRXIVVYTXIHPSRKIRSYKLJSVTVIZMSYWP]TPEGIHGSRGVIXIXSWIX
[MXLETEWWIRKIVGETEGMX]SJRMRISVPIWWERHGSRJSVQMRKXS 'SRXVEGXMSRNSMRXW{'SRXVEGXMSRNSMRXWWLEPPGSRJSVQ
XLIZEPYIWPMWXIHMR8EFPIWERHERH XSE
XLVSYKLI
%PXIVREXMZIP]ERMWSPEXMSRNSMRXGSRJSVQMRK
F
'SRWXVYGXIHSRWSMPWRSXGPEWWMJMIHEWI\TERWMZIF]XLI XS 7IGXMSRMWEREGGITXEFPIGSRXVEGXMSRNSMRX
KIRIVEPFYMPHMRKGSHI E
.SMRXWWLEPPFIJSVQIHWE[IHSVXSSPIH
7PEFWSRKVSYRH RSX GSRJSVQMRK XS E
EVI FI]SRH XLI F
.SMRXWTEGMRKWLEPPRSXI\GIIHXLIPMQMXWSJ8EFPI
WGSTISJXLMW'SHIERHXLSWIRSXGSRJSVQMRKXSF
WLEPPFI YRPIWW XLI WPEF MW VIMRJSVGIH MR EGGSVHERGI [MXL 7IGXMSR
HIWMKRIHEGGSVHMRKXS7IGXMSR
68LIWITVSZMWMSRWETTP]XSWPEFWTPEGIHSRKVSYRH G
7PEFWIGXMSRWHIJMRIHF]GSRXVEGXMSRNSMRXWWLEPPLEZI
[LIVI XLI PSEHW HS RSX I\GIIH XLSWI I\TIGXIH FIGEYWI SJ EREWTIGXVEXMSRSKVIEXIVXLER
TIHIWXVMERXVEJJMGERHTEWWIRKIVZILMGPIW%R]WPEFTPEGIH H
.SMRX HITXL WLEPP FI E WTIGMJMIH QMRMQYQ SJ XLI
SR WSMP RSX WYMXEFPI XS WYTTSVX XLI MQTSWIH PSEHW PSGEXIH WPEFXLMGORIWWJSVJSVQIHSVXSSPIHNSMRXWSVHV]GYXWE[IH
SZIVZSMHWSVSXLIV[MWIRSXGSRXMRYSYWP]WYTTSVXIHWLSYPH NSMRXWMRLEVHIRIHGSRGVIXIERH
FIHIWMKRIHERHGSRWXVYGXIHEWEWXVYGXYVEPWPEF-REHHMXMSR I
.SMRXHITXLWLEPPFIEWTIGMJMIHQMRMQYQSJQQJSV
VIJIVXSXLIKIRIVEPFYMPHMRKGSHIJSVETTPMGEFPIVIUYMVIQIRXW WPEFHITXLWYTXSQQJSVIEVP]IRXV]WE[IHNSMRXW
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
[EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
9RWYTTSVXIH 9RFEPERGIH
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
8EFPI%{:IVXMGEPVIMRJSVGMRKFEVWTEGMRKJSVGSRGVIXIFEWIQIRX[EPPW
JG !14E 7TIGMJMIHQE\MQYQIUYMZEPIRXJPYMHTVIWWYVISJWSMPO2QQ
J]!14E
7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ 7TIGMJMIHQMRMQYQ
9RWYTTSVXIH 9RFEPERGIH [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ [EPPXLMGORIWWQQ
[EPPLIMKLXQ FEGOJMPPQ 6IMRJSVGMRKFEV
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2S$QQ 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR 4PEMR
2SXIW
8LIXIVQwTPEMRxVIJIVWXSGSRGVIXI[LIVIRSZIVXMGEPVIMRJSVGIQIRXMWVIUYMVIHSXLIVXLERVIMRJSVGIQIRXGSRWMWXIRX[MXL7IGXMSRERH[LIVILSVM^SRXEPVIMRJSVGIQIRXMW
VIUYMVIHMREGGSVHERGI[MXL 7IGXMSRWERH SJXLMW'SHI
8LMWXEFPIMWETTPMGEFPIXS[EPPWSJWTIGMJMIHLIMKLXYRFEPERGIHFEGOJMPPLIMKLXIUYMZEPIRXJPYMHTVIWWYVISJWSMPGSRGVIXIWXVIRKXLERHXLI]MIPHWXVIRKXLSJVIMRJSVGIQIRX
8LMWXEFPIMWETTPMGEFPISRP][LIRXLIWXVYGXYVIMWRSXEWWMKRIHXS7IMWQMG(IWMKR'EXIKSV]()SV*
:EPYIWMRXLMWXEFPIEVIHIVMZIHMREGGSVHERGI[MXL%'-1ERH7IGXMSRSJXLMW'SHI
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
'311)28%6=6)*)6)2')7 'EPMJSVRME(ITEVXQIRXSJ8VERWTSVXEXMSR
6IJIVIRGIHWXERHEVHWERHVITSVXW 'EPMJSVRME8IWX 1IXLSHSJ 8IWXMRK7SMPW ERH;EXIVW
8LI WXERHEVHW ERH VITSVXW PMWXIH FIPS[ [IVI XLI PEXIWX JSV7YPJEXI'SRXIRX
IHMXMSRW EX XLI XMQI XLMW HSGYQIRX [EW TVITEVIH &IGEYWI
XLIWIHSGYQIRXWEVIVIZMWIHJVIUYIRXP]XLIVIEHIVMWEHZMWIH 'SRGVIXI*SYRHEXMSRW%WWSGMEXMSR
XSGSRXEGXXLITVSTIVWTSRWSVMRKKVSYTMJMXMWHIWMVIHXSVIJIV 'SPH;IEXLIV6IWIEVGL6ITSVXJSV6IWMHIRXMEP*SYRHEXMSR
XSXLIPEXIWXZIVWMSR ;EPPW
%QIVMGER'SRGVIXI-RWXMXYXI 4SVXPERH'IQIRX%WWSGMEXMSR
6 +YMHIXS(YVEFPI'SRGVIXI 4'% 4VIWGVMTXMZI (IWMKR SJ )\XIVMSV 'SRGVIXI
6 4VSXIGXMSRSJ1IXEPWMR'SRGVIXI%KEMRWX'SVVSWMSR ;EPPWJSV3RIERH8[S*EQMP]([IPPMRKW
6 7IPJ'SRWSPMHEXMRK'SRGVIXI
1 7TIGMJMGEXMSRWJSV7XVYGXYVEP'SRGVIXI 4SWX8IRWMSRMRK-RWXMXYXI
6 +YMHIJSV'SRGVIXI*PSSVERH7PEF'SRWXVYGXMSR (' (IWMKRSJ4SWX8IRWMSRIH7PEFWSR+VSYRH
6 +YMHIJSV1IEWYVMRK1M\MRK8VERWTSVXMRKERH
4PEGMRK'SRGVIXI 97&YVIEYSJ6IGPEQEXMSR
6 +YMHI JSV 9WI SJ :SPYQIXVMG1IEWYVMRK ERH 1IXLSH SJ 8IWX JSV (IXIVQMRMRK XLI 5YERXMX] SJ 7SPYFPI
'SRXMRYSYW1M\MRK'SRGVIXI)UYMTQIRX 7YPJEXIMR7SPMH7SMPSV6SGO
ERH;EXIV7EQTPIW
6 ,SX;IEXLIV'SRGVIXMRK
6 'SPH;IEXLIV'SRGVIXMRK 8LIEFSZITYFPMGEXMSRWQE]FISFXEMRIHJVSQXLIJSPPS[MRK
6 +YMHIXS'YVMRK'SRGVIXI SVKERM^EXMSRW
6 +YMHIJSV'SRWSPMHEXMSRSJ'SRGVIXI
1 &YMPHMRK 'SHI 6IUYMVIQIRXW JSV 7XVYGXYVEP %QIVMGER'SRGVIXI-RWXMXYXI
'SRGVIXIERH'SQQIRXEV] 'SYRXV]'PYF(VMZI
6 +YMHIXS6IWMHIRXMEP'SRGVIXI'SRWXVYGXMSR *EVQMRKXSR,MPPW1-
+YMHIXS*SVQ[SVOJSV'SRGVIXI [[[GSRGVIXISVK
74 *SVQ[SVOJSV'SRGVIXI
%QIVMGER7SGMIX]SJ'MZMP)RKMRIIVW
%QIVMGER7SGMIX]SJ'MZMP)RKMRIIVW %PI\ERHIV&IPP(VMZI
%7')7)- 1MRMQYQ(IWMKR0SEHWJSV&YMPHMRKWERH 6IWXSR:%
3XLIV7XVYGXYVIW [[[EWGISVK
%781-RXIVREXMSREP %781-RXIVREXMSREP
%1 7XERHEVH 7TIGMJMGEXMSR JSV 7XIIP 7XVERH &EVV,EVFSV(VMZI
9RGSEXIH7IZIR;MVIJSV4VIWXVIWWIH'SRGVIXI ;IWX'SRWLSLSGOIR4%
'1 7XERHEVH 8IWX 1IXLSH JSV 'SQTVIWWMZI [[[EWXQSVK
7XVIRKXLSJ']PMRHVMGEP'SRGVIXI7TIGMQIRW
'1 7XERHEVH 8IWX 1IXLSH JSV 3FXEMRMRK ERH 'SRGVIXI*SYRHEXMSRW%WWSGMEXMSR
8IWXMRK (VMPPIH 'SVIW ERH 7E[IH &IEQW SJ 43&S\
'SRGVIXI 1SYRX:IVRSR-%
'1 7XERHEVH 7TIGMJMGEXMSR JSV 6IEH]1M\IH [[[GJE[EPPWSVK
'SRGVIXI
'1 7XERHEVH8IWX1IXLSHJSV7PYQTSJ,]HVEYPMG 'EPMJSVRME(ITEVXQIRXSJ8VERWTSVXEXMSR
'IQIRX'SRGVIXI )RKMRIIVMRK7IVZMGI'IRXIV
'1 7XERHEVH 8IWX 1IXLSH JSV %MV 'SRXIRX SJ 8VERWTSVXEXMSR0EFSVEXSV]
*VIWLP] 1M\IH 'SRGVIXI F] XLI :SPYQIXVMG *SPWSQ&SYPIZEVH
1IXLSH 7EGVEQIRXS'%
'1 7XERHEVH 8IWX 1IXLSH JSV %MV 'SRXIRX SJ LXXT[[[HSXGEKSZLUIWG
*VIWLP] 1M\IH 'SRGVIXI F] XLI 4VIWWYVI
1IXLSH 4SVXPERH'IQIRX%WWSGMEXMSR
' 7XERHEVH 7TIGMJMGEXMSR JSV 'LIQMGEP %HQM\ 3PH3VGLEVH6SEH
XYVIWJSV'SRGVIXI 7OSOMI-0
'1 7XERHEVH 7TIGMJMGEXMSR JSV 'LIQMGEP %HQM\ [[[GIQIRXSVK
XYVIWJSV9WIMR4VSHYGMRK*PS[MRK'SRGVIXI
' 7XERHEVH 8IWX 1IXLSH JSV ;EXIV7SPYFPI 4SWX8IRWMSRMRK-RWXMXYXI
7YPJEXIMR7SMP 'SYRXV]'PYF(VMZI
'1 7XERHEVH8IWX1IXLSHJSV7PYQT*PS[SJ7IPJ *EVQMRKXSR,MPPW1-
'SRWSPMHEXMRK'SRGVIXI [[[TSWXXIRWMSRMRKSVK
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
'3()6)59-6)1)287*366)7-()28-%0'32'6)8)%'-1
;MVI6IMRJSVGIQIRX-RWXMXYXI 7YTVIRERX & % ERH 1EPMWGL ; 6 w,S[
1EMR7XVIIX7YMXI 'PIER 1YWX 6IFEV &I#x 'SRGVIXI 'SRWXVYGXMSR .YRI
,EVXJSVH'8 TT
[[[[MVIVIMRJSVGIQIRXMRWXMXYXISVK 8EFIV0,&IPEVFM%ERH6MGLEVHWSR(2w)JJIGX
SJ 6IMRJSVGMRK &EV 'SRXEQMREXMSR SR 7XIIP'SRGVIXI &SRH
(YVMRK 'SRGVIXI 'SRWXVYGXMSRx -RRSZEXMSRW MR (IWMKR [MXL
)QTLEWMWSR7IMWQMG;MRHERH)RZMVSRQIRXEP0SEHMRK5YEPMX]
'MXIHVIJIVIRGIW 'SRXVSP4VSGIIHMRKWSJXLI%'-*MJXL-RXIVREXMSREP'SRJIVIRGI
+E]RSV6(w'EPGYPEXMRK'LPSVMHI4IVGIRXEKIWx 74:11EPLSXVEIH%QIVMGER'SRGVIXI-RWXMXYXI
'SRGVIXI4VSHYGXW:2S*IFTT *EVQMRKXSR,MPPW1-7ITXTT
%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK
%QIVMGER'SRGVIXI-RWXMXYXI
%HZERGMRKGSRGVIXIORS[PIHKI
%W %'- FIKMRW MXW WIGSRH GIRXYV] SJ EHZERGMRK GSRGVIXI ORS[PIHKI MXW SVMKMREP GLEVXIVIH TYVTSWI
VIQEMRW wXS TVSZMHI E GSQVEHIWLMT MR JMRHMRK XLI FIWX [E]W XS HS GSRGVIXI [SVO SJ EPP OMRHW ERH MR
WTVIEHMRKORS[PIHKIx-ROIITMRK[MXLXLMWTYVTSWI%'-WYTTSVXWXLIJSPPS[MRKEGXMZMXMIW
8IGLRMGEPGSQQMXXIIWXLEXTVSHYGIGSRWIRWYWVITSVXWKYMHIWWTIGMJMGEXMSRWERHGSHIW
7TVMRKERHJEPPGSRZIRXMSRWXSJEGMPMXEXIXLI[SVOSJMXWGSQQMXXIIW
)HYGEXMSREPWIQMREVWXLEXHMWWIQMREXIVIPMEFPIMRJSVQEXMSRSRGSRGVIXI
'IVXMJMGEXMSRTVSKVEQWJSVTIVWSRRIPIQTPS]IH[MXLMRXLIGSRGVIXIMRHYWXV]
7XYHIRXTVSKVEQWWYGLEWWGLSPEVWLMTWMRXIVRWLMTWERHGSQTIXMXMSRW
7TSRWSVMRKERHGSWTSRWSVMRKMRXIVREXMSREPGSRJIVIRGIWERHW]QTSWME
*SVQEPGSSVHMREXMSR[MXLWIZIVEPMRXIVREXMSREPGSRGVIXIVIPEXIHWSGMIXMIW
4IVMSHMGEPWXLI%'-7XVYGXYVEP.SYVREPERHXLI%'-1EXIVMEPW.SYVREPERH'SRGVIXI-RXIVREXMSREP
&IRIJMXW SJ QIQFIVWLMT MRGPYHI E WYFWGVMTXMSR XS 'SRGVIXI -RXIVREXMSREP ERH XS ER %'- .SYVREP %'-
QIQFIVWVIGIMZIHMWGSYRXWSJYTXS SREPP%'-TVSHYGXWERHWIVZMGIWMRGPYHMRKHSGYQIRXWWIQMREVW
ERHGSRZIRXMSRVIKMWXVEXMSRJIIW
%W E QIQFIV SJ %'- ]SY NSMR XLSYWERHW SJ TVEGXMXMSRIVW ERH TVSJIWWMSREPW [SVPH[MHI [LS WLEVI E
GSQQMXQIRX XS QEMRXEMR XLI LMKLIWX MRHYWXV] WXERHEVHW JSV GSRGVIXI XIGLRSPSK] GSRWXVYGXMSR ERH
TVEGXMGIW-REHHMXMSR%'-GLETXIVWTVSZMHISTTSVXYRMXMIWJSVMRXIVEGXMSRSJTVSJIWWMSREPWERHTVEGXMXMSRIVW
EXEPSGEPPIZIP
%QIVMGER'SRGVIXI-RWXMXYXI
'SYRXV]'PYF(VMZI
*EVQMRKXSR,MPPW1-
97%
4LSRI
*E\
[[[GSRGVIXISVK
6IWMHIRXMEP'SHI6IUYMVIQIRXWJSV7XVYGXYVEP'SRGVIXI
ERH'SQQIRXEV]
8LI%1)6-'%2'32'6)8)-278-898)
[EWJSYRHIHMREWERSRTVSJMXQIQFIVWLMTSVKERM^EXMSRHIHMGEXIHXSTYFPMG
WIVZMGIERHVITVIWIRXMRKXLIYWIVMRXIVIWXMRXLIJMIPHSJGSRGVIXI%'-KEXLIVWERH
HMWXVMFYXIW MRJSVQEXMSR SR XLI MQTVSZIQIRX SJ HIWMKR GSRWXVYGXMSR ERH
QEMRXIRERGISJGSRGVIXITVSHYGXWERHWXVYGXYVIW8LI[SVOSJ%'-MWGSRHYGXIHF]
MRHMZMHYEP %'- QIQFIVW ERH XLVSYKL ZSPYRXIIV GSQQMXXIIW GSQTSWIH SJ FSXL
QIQFIVWERHRSRQIQFIVW
8LIGSQQMXXIIWEW[IPPEW%'-EWE[LSPISTIVEXIYRHIVEGSRWIRWYWJSVQEX
[LMGLEWWYVIWEPPTEVXMGMTERXWXLIVMKLXXSLEZIXLIMVZMI[WGSRWMHIVIH'SQQMXXII
EGXMZMXMIWMRGPYHIXLIHIZIPSTQIRXSJFYMPHMRKGSHIWERHWTIGMJMGEXMSRWEREP]WMWSJ
VIWIEVGL ERH HIZIPSTQIRX VIWYPXW TVIWIRXEXMSR SJ GSRWXVYGXMSR ERH VITEMV
XIGLRMUYIWERHIHYGEXMSR
-RHMZMHYEPWMRXIVIWXIHMRXLIEGXMZMXMIWSJ%'-EVIIRGSYVEKIHXSFIGSQIEQIQFIV
8LIVI EVI RS IHYGEXMSREP SV IQTPS]QIRX VIUYMVIQIRXW %'-vW QIQFIVWLMT MW
GSQTSWIH SJ IRKMRIIVW EVGLMXIGXW WGMIRXMWXW GSRXVEGXSVW IHYGEXSVW ERH
VITVIWIRXEXMZIWJVSQEZEVMIX]SJGSQTERMIWERHSVKERM^EXMSRW
1IQFIVWEVIIRGSYVEKIHXSTEVXMGMTEXIMRGSQQMXXIIEGXMZMXMIWXLEXVIPEXIXSXLIMV
WTIGMJMGEVIEWSJMRXIVIWX*SVQSVIMRJSVQEXMSRGSRXEGX%'-
[[[GSRGVIXISVK
%QIVMGER'SRGVIXI-RWXMXYXI
%HZERGMRKGSRGVIXIORS[PIHKI