Hvwdzvwduwrz/ Godplnurnrqwurohuðz $95t$7PHJD

;-"73q[FTUBXTUBSUPXZEMBNJLSPLPOUSPMFSX"73q"5NFHB
=/$95
=HVWDZVWDUWRZ\
GODPLNURNRQWUROHUZ
$95t$7PHJD
;FTUBXTUBSUPXZ;-"73PQSBDPXBOP
[NZvMP$[ZUFMOJLBDILTJLJa.JLSP
LPOUSPMFSZ"73"5NFHBXQSBLUZDFo+FTU
POTQS[UPXCB[EMBXT[ZTULJDIXJD[F
PQJTBOZDIXUFKLTJDF BMFE[JLJVOJXFS
TBMOFKCVEPXJFNPFCZTUPTPXBOZUBLF
QPED[BTEPXPMOZDIJOOZDIQSBDFXBMVBDZKOZDI
4DIFNBUFMFLUSZD[OZ[FTUBXV;-"73QS[FETUBXJPOPOBSZT1POJFKPNXJPOPQPT[D[FHMOFKFHPCMPLJ
=DVLODF]]XNDGHPSURVWXMF\PILOWUHPSRMHPQRFLRZ\PLVFDORQ\P
VWDELOL]DWRUHPQDSLFLD
;FTUBX NPF CZ [BTJMBOZ [ EPXPMOFHP ySEB EPTUBSD[BKDFHP OBQJDJF TUBF MVC QS[FNJFOOF P XBSUPvDJ
TLVUFD[OFKPLPP78ZEBKOPvQSEPXB[BTJMBD[BQPXJOOBCZOJFNOJFKT[BOJN"/BQZUDFESV
LPXBOFK[BTUPTPXBOPTUBOEBSEPXF[D[F%$PSB[XZQSPXBE[FOJB [LUSZDIQPCJFSBOFNPFCZOBQJDJF
TUBCJMJ[PXBOFPXBSUPvDJ7

;D[FQSPHSBNBUPSB*41GJSNZ,BOEB [D[FLPNQBUZCJMOF[QSPHSBNBUPSFN;-13(

1S[FE EPD[FOJFN QSPHSBNBUPSB OBMFZ VQFXOJ TJ F EP QPSUV 1# OJF T EPD[POF BEOF
PCDJFOJBPNBFKJNQFEBODKJ
;D[B EMB QSPHSBNBUPSX *41 UZQV ,BOEB "UNFM PSB[ EMB QSPHSBNBUPSX ;-13(
13(.qSZT
PSB[OBS[E[JVSVDIPNJFOJPXZDI[JOUFSGFKTFN+5"( +5"(*$&MVC
+5"(*$&NL**

1S[FE EPD[FOJFN QSPHSBNBUPSBJOUFSGFKTV +5"( OBMFZ VQFXOJ TJ F EP QPSUV 1$ OJF T
EPD[POF BEOF PCDJFOJB P NBFK JNQFEBODKJ 6BLUZXOJFOJF JOUFSGFKTV +5"( QPQS[F[ [B
QSPHSBNPXBOJFCJUVTUFSVKDFHP+5"(&/
VOJFNPMJXJBLPS[ZTUBOJF[QPSUXXFKvDJBXZKvDJB
QS[ZQPS[ELPXBOZDIMJOJPN5$, 5%* 5%0J5.4 1$1$

8NDGWDNWXMF\
8[FTUBXJF;-"73[BTUPTPXBOPSF[POBUPSLXBSDPXZPD[TUPUMJXPvDJOPNJOBMOFK.)[%PVNJFT[D[P
OFHP OB QZUDF [D[B NPOB SXOJF EPD[Z [FXOUS[OZ TZHOB [FHBSPXZ +FvMJ XZLPS[ZTUZXBOZ NB CZ
SF[POBUPSVNJFT[D[POZOBQZUDF[FTUBXV TUZLJ[D[B+1QPXJOOZCZ[XBSUFKBLPQPLB[BOPOBSZT
.ODZLDWXUD
4LBEBTJPOB[LMBXJT[ZQPD[POZDIXNBUSZD8DJvOJDJFQS[ZDJTLVQPXPEVKF[XBSDJFPEQP
XJFEOJFKMJOJJLPMVNOPXFK ,,
[MJOJXJFST[PX 88
.BUSZDBOJFKFTUXZQPTBPOBXSF[ZTUPSZ
QPEDJHBKDF EMBUFHPLPOJFD[OFKFTU BCZEPD[POFEPMJOJJXJFST[PXZDIXZQSPXBE[FOJBQPSUXNJLSPLPO
USPMFSB NJBZ XD[POF XFXOUS[OF SF[ZTUPSZ QPEDJHBKDF ,MBXJBUVS XZQPTBPOP X MJOJ TZHOBMJ[VKD
GBLUXDJvOJDJBLMBXJT[B +1
DPNPOBXZLPS[ZTUBEPXZ[XBMBOJBQS[FSXB8ZQSPXBE[FOJBNBUSZDZ
EPD[POPEP[D[B+1 SZT

ZZZEWFSO
5\V6FKHPDWHOHNWU\F]Q\]HVWDZX=/$95
ZZZEWFSO
*TUOJFKFSXOJFNPMJXPv[NOJFKT[FOJBXZNJBSXLMBXJBUVSZEPQPQS[F[[XBSDJFXZQSPXBE[F[D[B+1
0QDKBUBFMJNJOVKFLPOJFD[OPvTUPTPXBOJBQSPDFEVSZTLBOVKDFK BMF[NOJFKT[BMJD[CEPTUQOZDILMBXJT[Z
5\V5R]PLHV]F]HQLHV\JQDZQD]F]DFK,63
5\V3RGF]HQLHV\
JQDZGR]F]D-3
5\V8PLHV]F]HQLH]ZRUNL-37SRGF]DVSUDF\
]UH]RQDWRUHP]DVWRVRZDQ\FKQDS\WFH=/$95
7DE)XQNFMH]ZRUHNL]F]\]ZL]DQ\FK]NRQILJXUDFMNODZLDWXU\
2]QDF]HQLH
1D]ZD
2SLV
=F]HNODZLDWXU\
::uOLQLHZLHUV]\
.:uOLQLHNROXPQ
:FLQLFLHGDQHJRNODZLV]DSRZRGXMH]ZDUFLHRGSRZLHGQLHMOLQLLNROXPQRZHM]ZLHUV]RZ'RREVXJLNODZLDWXU\NRQLHF]QH
MHVWSURJUDPRZHZF]HQLHUH]\VWRUZSRGFLJDMF\FKQDOLQLDFKZLHUV]RZ\FK
-3
.ODZLDWXUD[
-3
.ODZLV]ZFLQLW\
=F]HOLQLLV\JQDOL]XMFHMZFLQLFLHNODZLV]D/LQLDWDSRZLQQDE\SURJUDPRZRSRGFLJDQDGRQDSLFLD]DVLODQLDuMHVWRQD
DNW\ZQDVWDQHPQLVNLP
-3
0DDNODZLDWXUD
=ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHIXQNFMRQDOQH]PQLHMV]HQLHNODZLDWXU\uOLQLHZLHUV]RZH::SU]\SRU]G

NRZDQH]RVWDMNODZLV]RP666L61LVNLVWDQORJLF]Q\GDQHMOLQLLLQIRUPXMHRZFLQLFLXRGSRZLDGDMFHJRMHMSU]\FL
VNXOLQLHWHPXV]DE\SURJUDPRZRSRGFLJDQHGRQDSLFLD]DVLODMFHJR
/LQLMNDGLRG/('
+FTU UP OBKQSPTUT[Z XTLByOJL XJ[VBMJ[VKDZ TUBO QPSUX NJLSPLPOUSPMFSB q XZTPLJFNV TUBOPXJ MPHJD[OFNV
PEQPXJBEBvXJFDFOJFEJPEZ,BEBEJPEBXZQPTBPOBKFTUXSF[ZTUPSPHSBOJD[BKDZKFKQSE"OPEZEJPEEP
D[POPEP[D[B+1 SZT

5\V'RF]HQLHGLRG/('GR]F]D-3
ZZZEWFSO
:\ZLHWODF]/('
4LBEBTJPO[XZvXJFUMBD[ZTFHNFOUPXZDI PXTQMOFKBOPE[JF
QPD[POZDIXLPOGJHVSBDKNVMUJ
QMFLTPX XSB[ [ QSPTUZN VLBEFN TUFSVKDZN
8 EBOFK DIXJMJ NPF vXJFDJ TJ UZMLP KFEOB DZGSB 1S[Z
PEQPXJFEOJPT[ZCLJNTUFSPXBOJVTFLXFODZKOZN )[
NPMJXFKFTUV[ZTLBOJFFGFLUVXZvXJFUMBOJBOB
DZGSBDIKFEOPD[FvOJF
4ZHOBZTUFSVKDFQSBDXZvXJFUMBD[BEPD[POPEP[D[+1J+1 SZT

5\V'RF]HQLHZ\ZLHWODF]\/('GR]F]-3L-3
7DE2SLVV\JQDZGRVWSQ\FKQD]F]DFK-3L-3
2]QDF]HQLH
-3
-3
1D]ZD
2SLV
=F]HOLQLLVWHUXMF\FKZVSOQ\PLDQRGDPLZ\ZLHWODF]\&&1LVNLHPXVWDQRZLGDQHMOLQLLRGSRZLDGDZ\EUGDQHMF]FLZ\

.ROXPQD
ZLHWODF]D:GDQHMFKZLOLW\ONRMHGQDOLQLDZ\ERUXNROXPQ\PRH]QDMGRZDVLZVWDQLHQLVNLP
&\IUD
=F]HOLQLLVWHUXMF\FKVHJPHQWDPLZ\EUDQHJRZ\ZLHWODF]DDJuVHJPHQW\F\IU\GSuNURSND1LVNLHPXVWDQRZLGDQHMOLQLL

RGSRZLDGDZLHFHQLHRGSRZLHGQLHJRVHJPHQWXQDZ\EUDQHMSRSU]H]OLQLNROXPQRZF]FLZ\ZLHWODF]D
$OIDQXPHU\F]Q\Z\ZLHWODF]/&'
%P [FTUBXV NPOB EPD[Z XZvXJFUMBD[ P PSHBOJ[BDKJ [OBLX [F [JOUFHSPXBOZN TUFSPXOJLJFN
LPNQBUZCJMOZN[)%%P[D[B+1EPQSPXBE[POPQPETUBXPXFMJOJFKFHPJOUFSGFKTV LPNVOJLBDKB
CJUPXB OJFNBNPMJXPvDJPED[ZUVQBNJDJTUFSPXOJLBXZvXJFUMBD[B

6ZULPXOJLNPFEPD[ZXZvXJFUMBD[EPXZCSBOFHPQPSUV[BQPvSFEOJDUXFN[D[B+1 SZT

5\V'RF]HQLHV\JQDZVWHUXMF\FKZ\ZLHWODF]HP/&'GR]F]D-3
/LQLHLQWHUIHMVX,&
8ZQSPXBE[FOJF MJOJJ NJLSPLPOUSPMFSB P EPEBULPXZDI GVOLDKBDI 4$- J 4%" EP LUSZDI NPOB EPD[B
VS[E[FOJB[FXOUS[OFMVCVLBEZTDBMPOF XTQQSBDVKDF[NBHJTUSBM*$+FvMJJOUFSGFKTUFOKFTUXZLPS[Z
TUZXBOZ XZNJFOJPOFMJOJFQPXJOOZCZQPEDJHBOFEPOBQJDJB[BTJMBKDFHP OJF[CEOFSF[ZTUPSZVNJFT[
D[POPOBQZUDF[FTUBXV

7DE2SLVIXQNFML]F]]ZL]DQ\FK],&
2]QDF]HQLH
1D]ZD
-3
,&
-3
-3
6&/3XOOXS
6'$3XOOXS
2SLV
=F]HLQWHUIHMVX,&uZ\SURZDG]HQLHOLQLL6&/L6'$PLNURNRQWUROHUDDWDNH*1'L9&&S\W\
=ZDUFLHZ\SURZDG]HNDGHJR]H]F]\SRZRGXMHGRF]HQLHGROLQLL6&/L6'$UH]\VWRUZSRGFLJDMF\FKRRSRUQRFLN
ZZZEWFSO
,QWHUIHMV56
;FTUBX XZQPTBPOP X VLBE EPQBTPXVKDZ QP[JPNZ OBQJ [HPEOF J [D[F UZQV %#' ;B KFHP QPvSFE
OJDUXFN NPOB QPD[Z NJLSPLPOUSPMFS [ LPNQVUFSFN 1$ QPQS[F[ [D[F UZQV $0.
-JOJB XZKvDJPXB
JOUFSGFKTV34KFTUQPD[POB[XZKvDJFN5%NJLSPLPOUSPMFSBaOBTUBFo OBUPNJBTUMJOJBXFKvDJPXB3%
KFTUEPD[BOBEPVLBEVEPQJFSPQP[XBSDJVTUZLX[D[B+1
,BCFMD[DZQZU[LPNQVUFSFN1$QPXJOJFONJFQPTUBQS[FEVBD[B QPD[FOJF

,PS[ZTUBOJF[JOUFSGFKTV34XZNBHB[XBSDJBTUZLX[D[B+1
7DE2SLVIXQNFML]F]]ZL]DQ\FK]NRQILJXUDFMLQWHUIHMVX56
2]QDF]HQLH
-
-3
1D]ZD
56
2SLV
=F]HLQWHUIHMVX56ZW\N'%uMHJRRUJDQL]DFMDMHVW]JRGQD]HVWDQGDUGHP,%03&
3LQu5['NRPSXWHUD
3LQu7['NRPSXWHUD
3LQu*1'NRPSXWHUD
.DEHOF]F\S\W]NRPSXWHUHPSRZLQLHQPLHSRVWDSU]HGXDF]DSRF]HQLH
5['(QDEOH =ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHGRF]HQLHOLQLLZHMFLRZHMLQWHUIHMVX56GRZHMFLD5['PLNURNRQWUROHUD
,QWHUIHMV36
;FTUBXXZQPTBPOPXUZQPXFTUZLPXF[D[FUZQV14 LPNQBUZCJMOF[FTUBOEBSEPXZNJLMBXJBUVSBNJ
"5PSB[NZT[BNJ141S[FEEPD[FOJFNLMBXJBUVSZOBMFZVQFXOJTJ FKFKQPCSNPDZOJFQS[FXZ
T[BNPMJXPvDJVLBEV[BTJMBKDFHP OBMFZEPCSBXZEBKOPvQSEPX[BTJMBD[BJFXFOUVBMOJFXZQPTBZ
TUBCJMJ[BUPS6XXJLT[ZSBEJBUPS

7DE2SLVIXQNFML]F]]ZL]DQ\FK]NRQILJXUDFMLQWHUIHMVX36
2]QDF]HQLH
-
-3
1D]ZD
2SLV
36
=F]HW\SX36GRNWUHJRGRF]\PRQDNODZLDWXU$7OXEP\V]36'RRGSRZLHGQLFKZ\SURZDG]HWHJR]F]DGRSURZD
G]RQRQDSLFLH]DVLODMFHLOLQLHV\JQDRZH'$7$L&/2&.7HRVWDWQLHVSRGFLJDQHGRQDSLFLD]DVLODMFHJRSRSU]H]UH]\VWRU\
RRSRUQRFLN
.ODZLDWXUD =F]HOLQLLV\JQDRZ\FK'$7$L&/2&.LQWHUIHMVX36uZ\SURZDG]HQLDWHJR]F]DPRJE\EH]SRUHGQLRGRF]DQHGR

P\V]
SRUWZPLNURNRQWUROHUD
1DGDMQLNLRGELRUQLNSRGF]HUZLHQL
&MFNFOUZUFVNPMJXJBKXTQQSBDNJLSPLPOUSPMFSB[VS[E[FOJBNJQS[FTZBKDZNJEBOFX[BLSFTJFQPE
D[FSXJFOJ/BQZUDFESVLPXBOFKVNJFT[D[POPQPKFEZOD[F[D[B TUBOPXJDFXZQSPXBE[FOJBMJOJJPECJPS
D[FKJOBEBXD[FKqNPHCZPOFCF[QPvSFEOJPD[POF[NJLSPLPOUSPMFSFN
7DE2SLVIXQNFML]F]LHOHPHQWZ]ZL]DQ\FK]NRQILJXUDFMLQWHUIHMVXSRGF]HUZLHQL
2]QDF]HQLH
1D]ZD
-3
,5287
=F]HOLQLLVWHUXMFHMQDGDMQLNLHP,5uZ\PXV]HQLHVWDQXZ\VRNLHJRQDWHMOLQLLSRZRGXMHSU]HS\ZSUGXSU]H]GLRG'
'
,5/('
1DGDMQLN,5uGLRGD/('ZLHFFDZSDPLHSRGF]HUZLHQL
8
-3
2SLV
7)06 2GELRUQLN,5uXNDGVFDORQ\7)06OXERGSRZLHGQLNZ\SRVDRQ\ZHZ]PDFQLDF]LGHPRGXODWRUF]VWRWOLZRFLN+]

,5,1
=F]HOLQLLZ\MFLRZHMRGELRUQLND,5uRZLHWOHQLHRGELRUQLNDZL]NSRGF]HUZLHQLPRGXORZDQHMF]VWRWOLZRFLN+]SRZRGXMH
HOLQLDWDSU]\MPXMHQLVNLVWDQORJLF]Q\3RUWSRF]RQ\],5,1PXVLSUDFRZDZWU\ELHZHMFLRZ\P
:HMFLRZ\WRUDQDORJRZ\QDSL]PLHQQ\FK$&
;FTUBXXZQPTBPOPX[D[FUZQV+BDLNPOP VLBEQPMBSZ[VKDZJX[NBDOJBD[OBQJDJB[NJFOOFHPPSFHV
MPXBOZNX[NPDOJFOJV8ZKvDJFUFHPUPSVNPOBD[ZCF[QPvSFEOJP[KFEOZN[XFKv"%$ONJLSPLPO
USPMFSB"NQMJUVEBOBQJDJBXFKvDJPXFHPOJFQPXJOOBCZXJLT[BPE 7/BMFZQBNJUB FOBKXZT[B
IBSNPOJD[OBTZHOBVXFKvDJPXFHPQPXJOOBNJFD[TUPUMJXPvNOJFKT[PEQPPXZTUPTPXBOFKD[TUPUMJXP
vDJQSCLPXBOJBqXQFXOZDIQS[ZQBELBDILPOJFD[OFNPFCZTUPTPXBOJFGJMUSX[FXOUS[OZDI
ZZZEWFSO
7DE2SLVIXQNFML]F]LHOHPHQWZ]ZL]DQ\FK]NRQILJXUDFMWRUXDQDORJRZ\FKQDSL]PLHQQ\FK
2]QDF]HQLH
1D]ZD
2SLV
-3
9UHI
=F]HQDSLFLDRGQLHVLHQLDGODSU]HWZRUQLND$&ZDUWRQDSLFLDPLHU]RQDZ]JOGHPSRWHQFMDXPDV\6WDQGDUGRZRZ\NRU]\

VWXMHVLUGRZEXGRZDQHZXNDG$7PHJDRZDUWRFLQRPLQDOQHM9OXEQDSLFLH]DVLODMFH$9&&uRN9:W\P
SU]\SDGNXZHZQWU]QHQDSLFLHRGQLHVLHQLDGRSURZDG]DQHMHVWGR9UHILQLHPRQDGRF]DGRWHJR]F]DDGQ\FKUGH]H
ZQWU]Q\FK-HOLZ\PDJDQHVLQQHZDUWRFLWHJRQDSLFLDZSU]HG]LDOH9NRQLHF]QHMHVWSURJUDPRZHZ\F]HQLHUGD
ZHZQWU]QHJRuGRSLHURZZF]DV]HZQWU]QHQDSLFLHRGQLHVLHQLDPRH]RVWDSU]\RRQHGR]F]D9UHI
-
/LQH,Q$&
=F]HZHMFLRZHW\SX-DFNPRQR$PSOLWXGDV\JQDXZHMFLRZHJRQLHSRZLQQDE\ZLNV]DRG9,PSHGDQFMDZHMFLRZD
Z\QRVLRNRRN
35
:]PRFQLH
3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuPLQLPDOQHZ]PRFQLHQLHZ\QRVL
QLH$&
-3
$'&$&
=F]HOLQLLZ\MFLRZHMWRUX$&uOLQLWPRQDSRF]\EH]SRUHGQLR]MHGQ\P]ZHM$'&QPLNURNRQWUROHUD6NDGRZDVWDD
V\JQDXZ\QRVLRNRR9
:HMFLRZ\WRUDQDORJRZ\QDSLVWD\FK'&
;FTUBXXZQPTBPOPX[D[FUZQV+BDLNPOP VLBEUVNJDZ E[JFMOJLSF[ZTUBODZKOZ
PSB[SFHVMPXBOZX[NBD
OJBD[ 8ZKvDJF UFHP UPSV UVNJPOF MVC X[NPDOJPOF
NPOB CF[QPvSFEOJP QPD[Z [ KFEOZN [ XFKv "%$O
NJLSPLPOUSPMFSB/BMFZ[XSDJVXBH BCZOBQJDJFXFKvDJPXFHPCZPEPEBUOJFJOJFXJLT[FOJ7
7DE2SLVIXQNFML]F]LHOHPHQWZ]ZL]DQ\FK]NRQILJXUDFMWRUXDQDORJRZ\FKQDSLVWD\FK
2]QDF]HQLH
1D]ZD
-3
9UHI
-
/LQH,Q'&
35
2SLV
3DWU]RSLVWRUXQDSLSU]HPLHQQ\FK$&
=F]HZHMFLRZHW\SX-DFNPRQR:DUWRGRF]DQHJRQDSLFLDSRZLQQD]DZLHUDVLZSU]HG]LDOH95H]\VWDQFMD
ZHMFLRZDZ\QRVLRNRRN
:]PRFQLHQLH'& 3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuPLQLPDOQHZ]PRFQLHQLHZ\QRVL
35
7XPLHQLH'&
-3
$'&'&
3RWHQFMRPHWUUHJXODFMLWXPLHQLD
=F]HOLQLLZ\MFLRZ\FKWRUX'&uZ\MFLHG]LHOQLNDUH]\VWDQF\MQHJRNDQDWXPLRQ\LZ\MFLHZ]PDFQLDF]DNDQD
Z]PDFQLDQ\/LQLHWHPRQDF]\EH]SRUHGQLR]MHGQ\P]ZHM$'&QPLNURNRQWUROHUD
:\MFLRZ\WRUDQDORJRZ\$&'&
;FTUBXXZQPTBPOPXGJMUSEPMOPQS[FQVTUPXZ3$ PD[TUPUMJXPvDJHSBOJD[OFKVTUBMPOFKOBPLPPL)[
E[JFM
OJL SF[ZTUBODZKOZ XUSOJL OBQJDJPXZ J PQDKPOBMOZ TFQBSBUPS TLBEPXFK TUBFK ;FTUBX UFO QP[XBMB OB HFOFSB
DK TZHOBV BOBMPHPXFHP P NBLTZNBMOFK D[TUPUMJXPvDJ LJMLV L)[
[ XZLPS[ZTUBOJFN MJD[OJLB QSBDVKDFHP
XUSZCJF18.+FvMJD[TUPUMJXPvQPETUBXPXBTZHOBVOBMJOJJ0$QS[FXZT[BLJMLVLSPUOJFL)[ UPOBQJDJF
XZKvDJPXFUPSVKFTUXQS[ZCMJFOJVMJOJPXGVOLDKXZQFOJFOJBQS[FCJFHV18.8SB[[NPEVFNMJD[OJLPXZN
NJLSPLPOUSPMFSBPNBXJBOZUPSBOBMPHPXZTUBOPXJ[BUFNQSPTUZQS[FUXPSOJLDZGSPXPBOBMPHPXZ
3P[NJFT[D[FOJFOBKXBOJFKT[ZDIFMFNFOUXOBQZUDFESVLPXBOFKQS[FETUBXJPOPOBSZT
7DE2SLVIXQNFML]F]LHOHPHQWZ]ZL]DQ\FK]NRQILJXUDFMDQDORJRZHJRWRUXZ\MFLRZHJR
2]QDF]HQLH
-3
35
1D]ZD
'$&(QDEOH
2SLV
=ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHGRF]HQLHOLQLL2&PLNURNRQWUROHUDGRZHMFLDWRUXDQDORJRZHJR
:]PRFQLHQLH
3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuMHJRQDVWDZDRNUHODPDNV\PDOQDPSOLWXGJHQHURZDQHJRQDSLFLD
287
-3
'&$&
-HOLZ\SURZDG]HQLDWHJR]F]DVUR]ZDUWHJHQHURZDQ\V\JQDSU]HFKRG]LSU]H]VHSDUDWRUVNDGRZHMVWDHMILOWUGROQRSU]HSX
VWRZ\5&=ZDUFLH]F]DSRZRGXMHQDWRPLDVWHQDZ\MFLHSU]HGRVWDMHVLUZQLHVNDGRZDVWDDV\JQDX
-
/LQH2XW
=F]HZ\MFLRZHW\SX-DFNPRQR0DNV\PDOQ\]DNUHVJHQHURZDQ\FKQDSLSU]\]HURZ\PWXPLHQLXZ\QRVL9RJUD

QLF]HQLH9Z\QLND]ZDVQRFL]DVWRVRZDQHJRZ]PDFQLDF]DRSHUDF\MQHJR5H]\VWDQFMDZ\MFLRZDMHVWQLHZLHONDMHGQDN
Z\MFLDWHJRQLHSRZLQQRVLREFLDVXFKDZNDPLuQDOH\VWRVRZDZ]PDFQLDF]SRUHGQL
6OJXFSTBMOPv[FTUBXV;-"73KFTUPLVQJPOBLPOJFD[OPvDJXZLPOZXBOJBQPD[FESVUPXZDI8T[ZTULJFXBOFMJOJF
TZHOBPXF[PTUBZEPQSPXBE[POFEPVNJFT[D[POZDIOBQZDJF[D[ZT[QJMLPXZDIPP[OBD[FOJBDI+1.POBKFD[Z
NJE[ZTPCHSVQPXP[[BTUPTPXBOJFNQS[FXPEXUBvNPXZDI [BLPD[POZDIHOJB[EBNJ[BDJTLBOZNJ TQPTC[BMFDBOZ
QS[ZD[FOJVQPSUXNJLSPLPOUSPMFSB[XZvXJFUMBD[BNJPSB[LMBXJBUVS
8QS[ZQBELVQPD[FQVOLUPXZDI OQOBEBK
OJL*3qNJLSPLPOUSPMFS
LPOJFD[OFKFTUTUPTPXBOJFQS[FXPEXQPKFEZOD[ZDI [BLPD[POZDIPEQPXJFEOJNJ[D[BNJ
ZZZEWFSO
5\V5R]PLHV]F]HQLHQDMZDQLHMV]\FKHOHPHQWH]HVWDZX=/$95
:VNDG]HVWDZX=/$95ZFKRG]L
]PRQWRZDQDS\WDED]RZD
%7&.RUSRUDFMD
/HJLRQRZR
XO/ZRZVND
WHO
IDNV
HPDLOELXUR#NDPDPLSO
KWWSZZZNDPDPLSO
;-"73W
;BTUS[FHBNZQSBXPEPXQSPXBE[BOJB[NJBOCF[VQS[FE[FOJB
0GFSPXBOFQS[F[OBTQZULJESVLPXBOF[FTUBXV;-"73NPHTJSOJPEQSF[FOUPXBOFKXEPLVNFOUBDKJ QS[ZD[ZN[NJBOPNOJFVMFHBKKFKXBvDJXPvDJVZULPXF
#5$,PSQPSBDKBHXBSBOUVKF[HPEOPvQSPEVLUV[FTQFDZGJLBDK
#5$,PSQPSBDKBOJFQPOPTJPEQPXJFE[JBMOPvDJ[BKBLJFLPMXJFLT[LPEZQPXTUBFCF[QPvSFEOJPMVCQPvSFEOJPXXZOJLVVZDJBMVCOJFQSBXJEPXFHPE[JBBOJBQSPEVLUV
#5$,PSQPSBDKB[BTUS[FHBTPCJFQSBXPEPNPEZGJLBDKJOJOJFKT[FKEPLVNFOUBDKJCF[VQS[FE[FOJB
ZZZEWFSO

Hvwdzvwduwrz/ Godplnurnrqwurohuðz $95t$7PHJD

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Hvwdzvwduwrz/ Godplnurnrqwurohuðz $95t$7PHJD

Uploaded by

Copyright:

Available Formats

;-"73q[FTUBXTUBSUPXZEMBNJLSPLPOUSPMFSX"73q"5NFHB

=ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHIXQNFMRQDOQH]PQLHMV]HQLHNODZLDWXU\uOLQLHZLHUV]RZH::SU]\SRU]G

=F]HOLQLLVWHUXMF\FKZVSOQ\PLDQRGDPLZ\ZLHWODF]\&&1LVNLHPXVWDQRZLGDQHMOLQLLRGSRZLDGDZ\EUGDQHMF]FLZ\

=F]HOLQLLVWHUXMF\FKVHJPHQWDPLZ\EUDQHJRZ\ZLHWODF]DDJuVHJPHQW\F\IU\GSuNURSND1LVNLHPXVWDQRZLGDQHMOLQLL

.ODZLDWXUD =F]HOLQLLV\JQDRZ\FK'$7$L&/2&.LQWHUIHMVX36uZ\SURZDG]HQLDWHJR]F]DPRJE\EH]SRUHGQLRGRF]DQHGR

7)06 2GELRUQLN,5uXNDGVFDORQ\7)06OXERGSRZLHGQLNZ\SRVDRQ\ZHZ]PDFQLDF]LGHPRGXODWRUF]VWRWOLZRFLN+]

=F]HQDSLFLDRGQLHVLHQLDGODSU]HWZRUQLND$&ZDUWRQDSLFLDPLHU]RQDZ]JOGHPSRWHQFMDXPDV\6WDQGDUGRZRZ\NRU]\

:]PRFQLHQLH'& 3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuPLQLPDOQHZ]PRFQLHQLHZ\QRVL

=F]HZ\MFLRZHW\SX-DFNPRQR0DNV\PDOQ\]DNUHVJHQHURZDQ\FKQDSLSU]\]HURZ\PWXPLHQLXZ\QRVL9RJUD

You might also like

Hvwdzvwduwrz/ Godplnurnrqwurohuðz $95t$7PHJD

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Hvwdzvwduwrz/ Godplnurnrqwurohuðz $95t$7PHJD

Uploaded by

Copyright:

Available Formats

;-"73q[FTUBXTUBSUPXZEMBNJLSPLPOUSPMFSX"73q"5NFHB

=ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHIXQNFMRQDOQH]PQLHMV]HQLHNODZLDWXU\uOLQLHZLHUV]RZH :: SU]\SRU]G

=F]HOLQLLVWHUXMF\FKZVSOQ\PLDQRGDPLZ\ZLHWODF]\ && 1LVNLHPXVWDQRZLGDQHMOLQLLRGSRZLDGDZ\EUGDQHMF]FLZ\

=F]HOLQLLVWHUXMF\FKVHJPHQWDPLZ\EUDQHJRZ\ZLHWODF]D DJuVHJPHQW\F\IU\GSuNURSND 1LVNLHPXVWDQRZLGDQHMOLQLL

.ODZLDWXUD =F]HOLQLLV\JQDRZ\FK '$7$L&/2&. LQWHUIHMVX36uZ\SURZDG]HQLDWHJR]F]DPRJE\EH]SRUHGQLRGRF]DQHGR

7)06 2GELRUQLN,5uXNDGVFDORQ\7)06 OXERGSRZLHGQLN Z\SRVDRQ\ZHZ]PDFQLDF]LGHPRGXODWRUF]VWRWOLZRFLN+]

=F]HQDSLFLDRGQLHVLHQLDGODSU]HWZRUQLND$& ZDUWRQDSLFLDPLHU]RQDZ]JOGHPSRWHQFMDXPDV\ 6WDQGDUGRZRZ\NRU]\

:]PRFQLHQLH '& 3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuPLQLPDOQHZ]PRFQLHQLHZ\QRVL

=F]HZ\MFLRZHW\SX-DFNPRQR0DNV\PDOQ\]DNUHVJHQHURZDQ\FKQDSL SU]\]HURZ\PWXPLHQLX Z\QRVL9 RJUD

You might also like

;-"73q[FTUBXTUBSUPXZEMBNJLSPLPOUSPMFSX"73q"5NFHB

=ZDUFLHZ\SURZDG]HWHJR]F]DSRZRGXMHIXQNFMRQDOQH]PQLHMV]HQLHNODZLDWXU\uOLQLHZLHUV]RZH::SU]\SRU]G

=F]HOLQLLVWHUXMF\FKZVSOQ\PLDQRGDPLZ\ZLHWODF]\&&1LVNLHPXVWDQRZLGDQHMOLQLLRGSRZLDGDZ\EUGDQHMF]FLZ\

=F]HOLQLLVWHUXMF\FKVHJPHQWDPLZ\EUDQHJRZ\ZLHWODF]DDJuVHJPHQW\F\IU\GSuNURSND1LVNLHPXVWDQRZLGDQHMOLQLL

.ODZLDWXUD =F]HOLQLLV\JQDRZ\FK'$7$L&/2&.LQWHUIHMVX36uZ\SURZDG]HQLDWHJR]F]DPRJE\EH]SRUHGQLRGRF]DQHGR

7)06 2GELRUQLN,5uXNDGVFDORQ\7)06OXERGSRZLHGQLNZ\SRVDRQ\ZHZ]PDFQLDF]LGHPRGXODWRUF]VWRWOLZRFLN+]

=F]HQDSLFLDRGQLHVLHQLDGODSU]HWZRUQLND$&ZDUWRQDSLFLDPLHU]RQDZ]JOGHPSRWHQFMDXPDV\6WDQGDUGRZRZ\NRU]\

:]PRFQLHQLH'& 3RWHQFMRPHWUUHJXODFMLZ]PRFQLHQLDuPLQLPDOQHZ]PRFQLHQLHZ\QRVL

=F]HZ\MFLRZHW\SX-DFNPRQR0DNV\PDOQ\]DNUHVJHQHURZDQ\FKQDSLSU]\]HURZ\PWXPLHQLXZ\QRVL9RJUD