Basic Administration Netscaler CNS-203-3I PDF

&EWMG %HQMRMWXVEXMSR JSV 'MXVM\
2IX7GEPIV
'27-
&EWMG %HQMRMWXVEXMSR JSV
'MXVM\ 2IX7GEPIV
'27-
.YP]
:IVWMSR
8EFPI SJ 'SRXIRXW
1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
3ZIVZMI[
7XYHIRX -RXVSHYGXMSRW
*EGMPMXMIW
'SYVWI 1EXIVMEPW
'SYVWI 4VIVIUYMWMXIW
'SYVWI 3YXPMRI (E] 3RI
'SYVWI 3YXPMRI (E] 8[S
'SYVWI 3YXPMRI (E] 8LVII
'SYVWI 3YXPMRI (E] *SYV
'SYVWI 3YXPMRI (E] *MZI
'MXVM\ )HYGEXMSR
'SYVWI )ZEPYEXMSR ERH 'SQTPIXMSR 'IVXMJMGEXI
1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM\ 2IX7GEPIV

3ZIVZMI[
-RXVSHYGXMSR XS XLI 2IX7GEPIV 7]WXIQ
2IX7GEPIV *YRGXMSREPMX]
4PERRMRK E 2IX7GEPIV (ITPS]QIRX
(ITPS]QIRX 7GIREVMSW
4VSHYGX *IEXYVIW
0S[IV 8SXEP 'SWX SJ 3[RIVWLMT
%TTPMGEXMSR %GGIPIVEXMSR
%TTPMGEXMSR 7IGYVMX]
%TTPMGEXMSR %ZEMPEFMPMX]
7MQTPI 1EREKIEFMPMX]
;IF 3TXMQMÊXMSR
,EVH[EVI 4PEXJSVQW
2IX7GEPIV 14<
2IX7GEPIV 14<
2IX7GEPIV 14< *-4714< :4<
R'SVI
2IX7GEPIV :4<
,EVH[EVI 'SQTSRIRXW
2IX[SVO ERH 7IVMEP -RXIVJEGIW
0'(
*MPI 7]WXIQ
2IX7GEPIV %VGLMXIGXYVI 3ZIVZMI[
0SKKMRK MR XS XLI 2IX7GEPIV 7]WXIQ
6IZMI[
'ST]VMKLX 'MXVM\ 7]WXIQW -RG

1SHYPI 2IX[SVOMRK
3ZIVZMI[
'SRRIGXMSR 7ITEVEXMSR
&EWMG 2IX7GEPIV 7]WXIQ 2IX[SVOMRK 6YPIW
1YPXMTPI\MRK
2IX7GEPIV3[RIH -4 %HHVIWWIW
2IX7GEPIV -4 %HHVIWW
7YFRIX -4 %HHVIWW
1ETTIH -4 %HHVIWW
:MVXYEP -4 %HHVIWW
2IX7GEPIV 1SHIW
0E]IV 1SHI
'SRJMKYVMRK 0E]IV 1SHI
0E]IV 1SHI
0E]IV 1SHI 'SRWMHIVEXMSRW
0E]IV 1SHI [MXL 0E]IV 1SHI
1%'&EWIH *SV[EVHMRK 1SHI
7IRHMRK E 'PMIRX -4 %HHVIWW XS 7IVZIVW
'PMIRX-4 ,884 ,IEHIV -RWIVXMSR
9WI 7SYVGI -4 1SHI
'SRJMKYVMRK 97-4 1SHI
2IX[SVO %HHVIWW 8VERWPEXMSR
-RFSYRH 2IX[SVO %HHVIWW 8VERWPEXMSR
6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR 62%8
-4 %HHVIWWIW JSV 62%8
62%8 )\EQTPI
'SRJMKYVMRK 6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR
:MVXYEP 0SGEP %VIE 2IX[SVOW
8EKKIH :0%2W
:0%2W ERH 8EKKMRK [MXL 2IX7GEPIV :4<
'SRJMKYVMRK :0%2W
0MRO %KKVIKEXMSR
'SRJMKYVMRK 0%'4 1ERYEPP]
'SRJMKYVMRK 0MRO %KKVIKEXMSR [MXL 0%'4
-RXIVRIX 'SRXVSP 1IWWEKI 4VSXSGSP
4EXL 189 (MWGSZIV]
(]REQMG 6SYXMRK 7YTTSVX ERH 6SYXI ,IEPXL -RNIGXMSR
6IZMI[
1SHYPI 'SRJMKYVMRK ,MKL %ZEMPEFMPMX]

3ZIVZMI[
-RXVSHYGXMSR XS ,MKL %ZEMPEFMPMX]
,MKL %ZEMPEFMPMX] *YRGXMSREPMX]
,MKL %ZEMPEFMPMX] 2SHI 'SRJMKYVEXMSR

4VI'SRJMKYVEXMSR 'LIGOPMWX
:MVXYEP 1IHME %GGIWW 'SRXVSP %HHVIWW
'SRJMKYVMRK 4VMQEV] ERH 7IGSRHEV] 2SHIW
,MKL%ZEMPEFMPMX] 7XEXYW
4VSTEKEXMSR ERH 7]RGLVSRMÊXMSR
(MWEFPMRK 'SQQERH 4VSTEKEXMSR
%YXSQEXMG 'SRJMKYVEXMSR 7]RGLVSRMÊXMSR
*SVGIH 7]RGLVSRMÊXMSR
4IVJSVQMRK E *SVGIH *EMPSZIV
,MKL %ZEMPEFMPMX] 1EREKIQIRX
9TKVEHMRK E ,MKL %ZEMPEFMPMX] 4EMV
6IZMI[
1SHYPI 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ

3ZIVZMI[
2IX7GEPIV 7]WXIQ 'SQQYRMGEXMSR
2IX7GEPIV 'SQQYRMGEXMSR 8]TIW
7IGYVMX] 4EVEQIXIV 'SQTSRIRXW
%GGIWW 'SRXVSP 0MWXW
7MQTPI %GGIWW 'SRXVSP 0MWXW
1EXGLMRK %GGIWW 'SRXVSP 0MWX )RXVMIW
8VEJJMG -HIRXMJMGEXMSR
%GGIWW'SRXVSP0MWX 7]RXE\ *SVQEX ERH 4VIGIHIRGI
%GGIWW'SRXVSP0MWXW 4VIGIHIRGI
-4Z&EWIH %GGIWW'SRXVSP0MWX 7YTTSVX
%GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR
7MQTPI %GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR 'SQQERH0MRI -RXIVJEGI
'SRJMKYVMRK (IXEMPIH %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI
'VIEXMRK ERH 6IQSZMRK %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI
%TTP]MRK %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI
:MI[MRK %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI
%GGIWW'SRXVSP0MWX 4VMSVMXMIW 'SQQERH0MRI -RXIVJEGI
6IQSZMRK %GGIWW 'SRXVSP 0MWXW JVSQ XLI 7]WXIQ 'SQQERH0MRI -RXIVJEGI
%GGIWW'SRXVSP0MWX 7]RXE\ *SVQEX JSV (MJJIVIRX 2IX7GEPIV :IVWMSRW
%GGIWW'SRXVSP0MWX )\EQTPI
6IZMI[
1SHYPI 'SRJMKYVMRK 0SEH &EPERGMRK

3ZIVZMI[
)RXMX] 1EREKIQIRX
'VIEXMRK 7IVZIVW
'VIEXMRK 7IVZMGIW
'VIEXMRK :MVXYEP 7IVZIVW
1SRMXSVW
0SEH&EPERGMRK 8VEJJMG 8]TIW

7IVZMGI 1SRMXSVMRK
(IJEYPX 1SRMXSVW
1SRMXSV 4EVEQIXIVW
'VIEXMRK 1SRMXSVW
,884 1SRMXSVMRK
)': 1SRMXSVMRK
,884)': ERH 8'4)': 1SRMXSVMRK 4VSGIWW
,884-20-2) 4EVEQIXIVW
6IZIVWI 'SRHMXMSR 1SRMXSVMRK
7IXXMRK 1SRMXSV 8LVIWLSPHW
0SEH&EPERGMRK 8STSPSK]
0SEH&EPERGMRK 1IXLSHW
7IVZMGI ;IMKLXW
7IWWMSR 4IVWMWXIRGI
2SR4IVWMWXIRX 'PMIRXW
4IVWMWXIRGI 1IXLSHW
4IVWMWXIRGI 8EFPIW
%HHMXMSREP 0SEH&EPERGMRK 3TXMSRW
%HZERGIH 0SEH&EPERGMRK 1IXLSHW
8SOIR
8SOIRFEWIH 0SEH&EPERGMRK )\EQTPI
,EWL 0SEH&EPERGMRK
0MRO 0SEH &EPERGMRK
0MRO 0SEH&EPERGMRK 4SPMG]
'YWXSQ 0SEH
0SEH 1SRMXSV 4VSGIWW
0SEH 1SRMXSV 4EVEQIXIVW
&MRHMRK 1IXVMGW
7IVZMGI ERH :MVXYEP 7IVZIV 1EREKIQIRX
7IVZMGI ERH :MVXYEP 7XEXMWXMGW
1SRMXSVMRK 8VEJJMG (MWXVMFYXMSR
0SEH &EPERGMRK :MWYEPMÎV
6IZMI[
1SHYPI 'SRJMKYVMRK 770 3JJPSEH

3ZIVZMI[
770 ERH (MKMXEP 'IVXMJMGEXIW
-QTSVXERX 'SRGITXW
770 3JJPSEH 3ZIVZMI[
3JJPSEH 4IVJSVQERGI
*IEXYVIW ERH &IRIJMXW
770 %HQMRMWXVEXMSR
770 7IWWMSR 4VSGIWW
770 /I]W
+IRIVEXMRK E 'IVXMJMGEXI 7MKRMRK 6IUYIWX

770 'IVXMJMGEXIW
'IVXMJMGEXI /I] 4EMVW
770 3JJPSEH
770 8IVQMREXMSR 4SMRXW
*VSRXIRH 770 [MXL &EGOIRH ,884 6IUYMVIQIRXW
7IGYVMRK 8VEJJMG &IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV 7]WXIQ
*VSRXIRH 770 [MXL &EGOIRH 770 6IUYMVIQIRXW
7IGYVMRK 8VEJJMG &IX[IIR XLI 2IX7GEPIV ERH XLI 7IVZIV
*VSRXIRH 770C8'4 [MXL &EGOIRH 8'4 6IUYMVIQIRXW
7IGYVMRK 8'4 8VEJJMG &IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV 7]WXIQ
770C&VMHKI
770C&VMHKI 6IUYMVIQIRXW
'SRJMKYVMRK 770 3JJPSEH
'VIEXMRK ERH &MRHMRK 770 :MVXYEP 7IVZIV
%HZERGIH 770 7IXXMRKW
770 6IHMVIGX
770Z 4VSXSGSP ERH 6IHMVIGX
'SRJMKYVMRK %HZERGIH 7IXXMRKW
6IZMI[
1SHYPI 'SRJMKYVMRK +PSFEP 7IVZIV 0SEH &EPERGMRK

3ZIVZMI[
+70& 'SRGITXW
+70& 'SRZIVWEXMSR 4VSGIWW
+70& )RXMXMIW
1IXVMG )\GLERKI 4VSXSGSP
1IXVMG -RJSVQEXMSR 8]TIW
+70& 1SRMXSVMRK 'SRJMKYVEXMSR
+70& (27 1IXLSHW
%YXLSVMXEXMZI (27 7IVZMGI
2EQI 7IVZIVW
)\XIVREP (27 7IVZIV )\EQTPI
(27 4VS\] 'SRJMKYVEXMSR
(27 6IUYIWX 7GIREVMSW
6IWSYVGI 6IGSVHW
+70& 4IVWMWXIRGI
'SRJMKYVMRK (27 :MVXYEP 7IVZIVW
+70& 'SRJMKYVEXMSRW
-QTPIQIRXMRK 8VEHMXMSREP +70&
-QTPIQIRXMRK 4VS\MQMX]FEWIH +70&
4VS\MQMX]&EWIH 0SEH&EPERGMRK 1IXLSHW
-QTPIQIRXMRK +70& *EMPSZIV JSV (MWEWXIV 6IGSZIV]
+70& )RXMX] 6IPEXMSRWLMT
'SRJMKYVMRK +70& :MVXYEP 7IVZIVW
'SRJMKYVMRK %(27

7]RGLVSRM^MRK E +70& 'SRJMKYVEXMSR
+70& 7MXI 'SQQYRMGEXMSR )\EQTPI
6IZMI[
1SHYPI 9WMRK %TT)\TIVX 'PEWWMG XS 3TXMQMÎ 8VEJJMG

3ZIVZMI[
4SPMG] 3ZIVZMI[
4SPMG] &EWMGW
&EWMG 4SPMG] 'SQTSRIRXW
%HZERGIH 4SPMG] 9WIW
4SPMG] &MRHMRKW
4SPMG] 4VMSVMXMIW
,]TIVXI\X 8VERWJIV 4VSXSGSP
,884 6IUYIWX ,IEHIVW
,884 6IWTSRWI ,IEHIVW
,884 ,IEHIV 7IXXMRKW
)\TVIWWMSR 7XVYGXYVIW
%ZEMPEFPI 5YEPMJMIVW JSV ,884 8VEJJMG
%ZEMPEFPI 5YEPMJMIVW JSV 2SR,884 8VEJJMG
%ZEMPEFPI 3TIVEXSVW
;MPHGEVHW
'SRXI\X7IRWMXMZI *MIPHW
7MQTPI )\TVIWWMSRW
'SQTSYRH )\TVIWWMSRW
'SRXIRX *MPXIVMRK
'SRXIRX *MPXIVMRK %GXMSRW
'SRXIRX *MPXIVMRK 6YPIW
9WIV(IJMRIH *MPXIV %GXMSRW
-RXVSHYGXMSR XS 'SQTVIWWMSR
'SQTVIWWMSR 4VSGIWW
'SQTVIWWMSR 'SRWMHIVEXMSRW
'SQTVIWWMSR 6IWTSRWIW
'SQTVIWWMSR 4EVEQIXIVW
'SQTVIWWMSR 4SPMGMIW
'SQTVIWWMSR %GXMSRW
6IZMI[ 5YIWXMSRW
1SHYPI 9WMRK %TT)\TIVX JSV 6IWTSRHIV 6I[VMXI ERH 960 8VERWJSVQ
3ZIVZMI[
9RHIVWXERHMRK 4EGOIX 4VSGIWWMRK *PS[
9RHIVWXERHMRK 4SPMGMIW
4SPMG] 4VSGIWW )ZEPYEXMSR *PS[
-HIRXMJ]MRK %HZERGIH 4SPMG] )\TVIWWMSRW
%HZERGIH 4SPMG] )\TVIWWMSR 7]RXE\
%GXMSRW

%GXMSR 7]RXE\
9RHIVWXERHMRK &MRH 4SMRXW
4SPMG] &MRHMRK )ZEPYEXMSR 4VSGIWW
9WMRK XLI 4SPMG] 1EREKIV
4SPMG] 1EREKIV 'SRXMRYIH
9RHIVWXERHMRK 4SPMG] 0EFIPW
'SRJMKYVMRK 4SPMG] 0EFIPW
9WMRK 4EXXIVR 7IXW
8]TIGEWXMRK
6I[VMXI 6IWTSRHIV ERH 960 8VERWJSVQEXMSR
8VERWJSVQIH )PIQIRXW
-HIRXMJ]MRK 4EGOIX 4VSGIWWMRK *PS[
6I[VMXI 4VSGIWW
6IWTSRHIV 4VSGIWW
960 8VERWJSVQEXMSR 4VSGIWW
'SRJMKYVMRK 4SPMGMIW ERH %GXMSRW
'SRJMKYVMRK 6I[VMXI %GXMSRW
-RWIVXMRK ERH 6ITPEGMRK ,884 ,IEHIVW
(IPIXMRK ,884 ,IEHIVW
-RWIVXMRK ,884 ,IEHIVW
(IPIXMRK 6IUYIWX 'SRXIRX
6ITPEGMRK 6IWTSRWI 'SRXIRX
&YMPX-R 6I[VMXI %GXMSRW
6I[VMXI 4SPMGMIW
&MRHMRK 4SPMGMIW
6IWTSRHIV %GXMSRW
6IWTSRH;MXL
&YMPX-R 6IWTSRHIV %GXMSRW
6IWTSRHIV 4SPMGMIW
'SRJMKYVMRK 960 8VERWJSVQEXMSR
960 8VERWJSVQEXMSR 'SRJMKYVEXMSR 4VSGIHYVI
'SRJMKYVMRK 960 8VERWJSVQEXMSR %GXMSRW
6IZMI[ 5YIWXMSRW
1SHYPI 9WMRK %TT)\TIVX JSV 'SRXIRX 7[MXGLMRK

3ZIVZMI[
-RXVSHYGXMSR XS 'SRXIRX 7[MXGLMRK
'SRXIRX 7[MXGLMRK &EWIH SR 0E]IV 'LEVEGXIVMWXMGW
9RHIVWXERHMRK 'SRXIRX 7[MXGLMRK
'SRXIRX7[MXGLMRK :MVXYEP 7IVZIVW ERH 0SEH&EPERGMRK :MVXYEP 7IVZIVW
'SRJMKYVMRK 'SRXIRX7[MXGLMRK :MVXYEP 7IVZIVW
'SRXIRX7[MXGLMRK 4SPMGMIW
&MRHMRK 'SRXIRX7[MXGLMRK 4SPMGMIW
6YPI&EWIH 4SPMG] )\EQTPI
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXLSYX 4VMSVMX] 7TIGMJMIH
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXL 4VMSVMX] 7TIGMJMIH

9RQEXGLIH 8VEJJMG ,ERHPMRK
6IZMI[
1SHYPI 9WMRK %TT)\TIVX %HZERGIH XS 3TXMQMÎ 8VEJJMG

3ZIVZMI[
'SQTVIWWMSR [MXL %HZERGIH 4SPMG] )\TVIWWMSRW
7IXXMRK 'SQTVIWWMSR 4SPMGMIW +PSFEPP]
'SRJMKYVMRK 'SQTVIWWMSR
-RXIKVEXIH 'EGLMRK
6IZIVWI4VS\]'EGLI 'SRJMKYVEXMSR
'SRXIRX +VSYTW
'EGLI 7IPIGXSVW ERH 4SPMGMIW
'EGLMRK 7XEXMG ERH (]REQMG 'SRXIRX
(]REQMG 'SRXIRX
'EGLI %GXMSRW
6IUYIWX ERH 6IWTSRWI 4VSGIWW *PS[
'EGLI 4SPMGMIW ERH 'EGLI )\TVIWWMSRW
'EGLI 4SPMGMIW
&MRHMRK 'EGLI 4SPMGMIW
'EGLI 4SPMG] )ZEPYEXMSR
)ZEPYEXMSR 3VHIV
&YMPX-R 4SPMGMIW
+VEGIJYP 'EGLI 'SRJMKYVEXMSR 'LERKIW
'EGLI 'SRXIRX +VSYTW
6IZIVWIH 'SRXIRX +VSYT 2EQIW
'EGLI 'SRXIRX %KMRK
'SRXIRX +VSYT 7IXXMRKW
,884 ,IEHIVW ERH 'SRXIRX +VSYT 7IXXMRKW
'SSOMI 6IQSZEP
3XLIV 'SRXIRX +VSYT %XXVMFYXIW
*PEWL'EGLI
+PSFEP 'EGLI %XXVMFYXIW
'EGLI %VKYQIRXW
ZIVMJ]9WMRK %VKYQIRX
,3782%1) 7IXXMRK
'EGLMRK 1EREKIQIRX
%TT)\TIVX 8IQTPEXIW
9WMRK %TT)\TIVX 8IQTPEXIW
9WMRK XLI %TTPMGEXMSR -RXIVJEGI
%TTPMGEXMSRW 4ERI
%TTPMGEXMSRW 4ERI %TTPMGEXMSR 9RMXW
%TT)\TIVX 8IQTPEXI 7GEPEFMPMX]
4PERRMRK JSV %TTPMGEXMSRW
8IVQMRSPSK]
1IXLSHSPSK]
%TTPMGEXMSR )\EQTPI 4EVX

%TT)\TIVX 8IQTPEXI (ITPS]QIRX
4SPMG]&EWIH 6SYXMRK
4SPMG]&EWIH 6SYXMRK 4EVEQIXIVW
4SPMG]&EWIH %GXMSR 'SRJMKYVEXMSR
6IZMI[
1SHYPI 1EREKIQIRX

3ZIVZMI[
7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP
1EREKIH (IZMGIW
7214 %KIRXW
1EREKIVW
1EREKIQIRX -RJSVQEXMSR &EWI
'SQQYRMX] 7XVMRKW
8VETW
'SRJMKYVMRK 7214Z ERH 7214Z
'SRJMKYVMRK 7214 1EREKIVW
'SRJMKYVMRK 1-& 7]WXIQ :EVMEFPIW
'SRJMKYVMRK 'SQQYRMX] 7XVMRKW
'SRJMKYVMRK 7214 8VETW
'SRJMKYVMRK %PEVQW
7214Z
7214Z 'SQTSRIRXW
(EWLFSEVH
7]WXIQ ERH *IEXYVI 'SYRXIVW
(EWLFSEVH 'SQTSRIRXW
2EZMKEXMRK XLI (EWLFSEVH
6ITSVXMRK ERH 1SRMXSVMRK 8SSPW
%YHMXMRK ERH 0SKKMRK
'SRJMKYVMRK ER %YHMXMRK 7IVZIV
+PSFEP %YHMXMRK 4EVEQIXIVW
'SRJMKYVMRK %YHMXMRK 4SPMGMIW
&MRHMRK %YHMXMRK 4SPMG]
%YHMX 1IWWEKIW
2IX7GEPIV 0SK 1EREKIQIRX
6ITPEGMRK E ,MKL%ZEMPEFMPMX] 2SHI
4IVJSVQMRK ER 9TKVEHI
4EWW[SVH 6IGSZIV]
2IX[SVO 8VEJJMG 'ETXYVI 9WMRK 278'4(914
2IX[SVO 8VEJJMG 'ETXYVI YWMRK 2786%')7,
2786%') 7]RXE\
2786%') 3TXMSRW
*MPXIV )\TVIWWMSRW
6IZMI[

%TTIRHM\ % 6IZMI[ 5YIWXMSRW ERH %RW[IVW
6IZMI[ %RW[IVW -RXVSHYGMRK ERH (ITPS]MRK 'MXVM\ 2IX7GEPIV
6IZMI[ %RW[IVW 2IX[SVOMRK
6IZMI[ %RW[IVW 'SRJMKYVMRK ,MKL %ZEMPEFMPMX]
6IZMI[ %RW[IVW 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ
6IZMI[ %RW[IVW 'SRJMKYVMRK 0SEH &EPERGMRK
6IZMI[ %RW[IVW 'SRJMKYVMRK 770
6IZMI[ %RW[IVW +70&
6IZMI[ %RW[IVW 9WMRK %TT)\TIVX 'PEWWMG XS 3TXMQMÎ 8VEJJMG
6IZMI[ %RW[IVW 9WMRK %TT)\TIVX JSV 6IWTSRHIV 6I[VMXI ERH 960 8VERWJSVQEXMSR
6IZMI[ %RW[IVW 9WMRK %TT)\TIVX JSV 'SRXIRX 7[MXGLMRK
6IZMI[ %RW[IVW 9WMRK %TT)\TIVX %HZERGI XS 3TXMQMÎ 8VEJJMG
6IZMI[ %RW[IVW 1EREKIQIRX
+PSWWEV]

2SXMGIW
'MXVM\ 7]WXIQW -RG 'MXVM\ QEOIW RS VITVIWIRXEXMSRW SV [EVVERXMIW [MXL VIWTIGX XS XLI GSRXIRX SV
YWI SJ XLMW TYFPMGEXMSR 'MXVM\ WTIGMJMGEPP] HMWGPEMQW ER] I\TVIWWIH SV MQTPMIH [EVVERXMIW
QIVGLERXEFMPMX] SV JMXRIWW JSV ER] TEVXMGYPEV TYVTSWI 'MXVM\ VIWIVZIW XLI VMKLX XS QEOI ER] GLERKIW
MR WTIGMJMGEXMSRW ERH SXLIV MRJSVQEXMSR GSRXEMRIH MR XLMW TYFPMGEXMSR [MXLSYX TVMSV RSXMGI ERH
[MXLSYX SFPMKEXMSR XS RSXMJ] ER] TIVWSR SV IRXMX] SJ WYGL VIZMWMSRW SV GLERKIW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG %PP 6MKLXW 6IWIVZIH
2S TEVX SJ XLMW TYFPMGEXMSR QE] FI VITVSHYGIH SV XVERWQMXXIH MR ER] JSVQ SV F] ER] QIERW
IPIGXVSRMG SV QIGLERMGEP MRGPYHMRK TLSXSGST]MRK VIGSVHMRK SV MRJSVQEXMSR WXSVEKI ERH VIXVMIZEP
W]WXIQW JSV ER] TYVTSWI SXLIV XLER XLI TYVGLEWIVvW TIVWSREP YWI [MXLSYX I\TVIWW [VMXXIR
TIVQMWWMSR SJ
'MXVM\ 7]WXIQW -RG
;IWX ']TVIWW 'VIIO 6SEH
*SVX 0EYHIVHEPI *0
LXXT[[[GMXVM\GSQ
8LI JSPPS[MRK QEVOW EVI WIVZMGI QEVOW XVEHIQEVOW SV VIKMWXIVIH XVEHIQEVOW SJ XLIMV VIWTIGXMZI
S[RIVW MR XLI 9RMXIH 7XEXIW ERH SXLIV GSYRXVMIW
1EVO 3[RIV
%GXMZI (MVIGXSV] 1MGVSWSJX 7LEVI4SMRX 1MGVSWSJX 'SVTSVEXMSR
;MRHS[W
%TEGLI %TEGLI 7SJX[EVI *SYRHEXMSR
%TT'EGLI} %TT'SQTVIWW} 'MXVM\ 'MXVM\ 'MXVM\ 7]WXIQW -RG

%GGIWW +EXI[E]} 'MXVM\ %TTPMGEXMSR *MVI[EPP}
)HKI7MKLX 2IX7GEPIV 6IUYIWX 7[MXGLMRK
&VERGL 6ITIEXIV}
'14} '14 1IHME -RG
*VII&7( *VII&7( *SYRHEXMSR
3TIR:MI[ ,I[PIXX4EGOEVH 'SQTER]
-RXIP -RXIP 'SVTSVEXMSR
0MRY\ 0MRYW 8SVZEPHW
77, 77, 'SQQYRMGEXMSRW 7IGYVMX] 'SVT

1EVO 3[RIV
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8LMW QSHYPI GSZIVW LS[ XS GSRJMKYVI LMKL EZEMPEFMPMX] 9TSR XLI WYGGIWWJYP GSQTPIXMSR SJ XLMW
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1SHYPI 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ
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XLVSYKL %%%
1SHYPI 'SRJMKYVMRK 0SEH &EPERGMRK

8LMW QSHYPI GSZIVW LS[ XS QEREKI [IF XVEJJMG YWMRK XLI 2IX7GEPIV PSEH FEPERGMRK JIEXYVI %X XLI
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PSEH FEPERGMRK ZMVXYEP WIVZIVW IREFPI TIVWMWXIRGI GSRJMKYVI WSQI SJ XLI EHZERGIH STXMSRW SJ PSEH
FEPERGMRK ERH QEREKI WIVZMGIW ERH ZMVXYEP WIVZIVW
1SHYPI 'SRJMKYVMRK 770 3JJPSEH

8LMW QSHYPI EHHVIWWIW LS[ XS STXMQMÎ XVEJJMG YWMRK 770 SJJPSEHMRK %X XLI IRH SJ XLMW QSHYPI ]SY
[MPP FI EFPI XS MHIRXMJ] GSQQSR HITPS]QIRXW GVIEXI ERH YTPSEH GIVXMJMGEXIW WIPIGX E GMTLIV OI]
PIRKXL FMRH GIVXMJMGEXIW ERH GSRJMKYVI EHZERGIH STXMSRW JSV 770 SJJPSEHMRK
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1SHYPI 'SRJMKYVMRK +PSFEP 7IVZIV 0SEH &EPERGMRK
8LMW QSHYPI TVSZMHIW ER SZIVZMI[ SJ XLI KPSFEP WIVZIV PSEH FEPERGMRK +70& JIEXYVI ERH MXW
GSRJMKYVEXMSR %X XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS HIWGVMFI XLI +70& EVGLMXIGXYVI
YRHIVWXERH XLI GSVI (27 GSRGITXW YRHIVWXERH GSVI +70& GSRGITXW HIWGVMFI XVEHMXMSREP PSEH
FEPERGMRK +70& ERH HIWGVMFI TVS\MQMX]FEWIH +70&
1SHYPI 9WMRK %TT)\TIVX 'PEWWMG XS 3TXMQMÎ 8VEJJMG

8LMW QSHYPI TVSZMHIW ER SZIVZMI[ SJ XLI GPEWWMG TSPMG] I\TVIWWMSR IRKMRI ERH W]RXE\ %X XLI IRH SJ
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GSQTVIWWMSR
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8VERWJSVQ
8LMW QSHYPI I\TPEMRW LS[ XS GSRJMKYVI XLI VI[VMXI ERH VIWTSRHIV JIEXYVIW SR E 2IX7GEPIV W]WXIQ
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VI[VMXI ERH VIWTSRHIV JIEXYVIW ERH TIVJSVQ GSRJMKYVEXMSRW SJ TSPMGMIW ERH EGXMSRW JSV VI[VMXI
VIWTSRHIV ERH 960 XVERWJSVQEXMSR
1SHYPI 9WMRK %TT)\TIVX %HZERGIH JSV 'SRXIRX 7[MXGLMRK

8LMW QSHYPI HIWGVMFIW LS[ XS GSRJMKYVI GSRXIRX W[MXGLMRK YWMRK GPEWWMG I\TVIWWMSRW %X XLI IRH SJ
XLMW QSHYPI ]SY [MPP FI EFPI XS GVIEXI ERH FMRH GSRXIRX W[MXGLMRK ZMVXYEP WIVZIVW ERH TSPMGMIW ERH
W[MXGL GSRXIRX FIX[IIR WIVZIVW FEWIH SR XVEJJMG EXXVMFYXIW
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1SHYPI 9WMRK %TT)\TIVX %HZERGIH XS 3TXMQMÎ 8VEJJMG
8LMW QSHYPI HIWGVMFIW LS[ XS GSRJMKYVI STXMQMÊXMSRW SR XLI 2IX7GEPIV W]WXIQ YWMRK EHZERGIH
%TT)\TIVX I\TVIWWMSRW %X XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS GSRJMKYVI XLI 2IX7GEPIV
W]WXIQ XS STXMQMÎ [IF XVEJJMG GSQTVIWWMRK XLVSYKL EHZERGIH TSPMGMIW JMPXIVMRK XVEJJMG FEWIH SR
IPIQIRXW SJ [IF XVEJJMG GEGLMRK JVIUYIRXP] WIVZIH [IF GSRXIRX XS VIPMIZI WIVZIVW ERH VIHYGI
VIWTSRWI XMQI ERH YWMRK ETTPMGEXMSR XIQTPEXIW XS STXMQMÎ [IF XVEJJMG JVSQ WTIGMJMG ETTPMGEXMSRW
1SHYPI 1EREKIQIRX

8LMW QSHYPI HIWGVMFIW QSRMXSVMRK SR XLI 2IX7GEPIV W]WXIQ YWMRK XLI 7MQTPI 2IX[SVO 1EREKIQIRX
4VSXSGSP 7214 XLI (EWLFSEVH 6ITSVXMRK ERH XLI 1SRMXSVMRK XSSP -X EPWS GSZIVW LS[ XS
GSRJMKYVI EYHMXMRK ERH PSKKMRK &] XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS QSRMXSV XLI 2IX7GEPIV
W]WXIQ ERH EGGIWW ERH QEREKI 2IX7GEPIV W]WXIQ PSKW
'MXVM\ )HYGEXMSR
'MXVM\ 8VEMRMRK &IRIJMXW
%ZEMPEFPI EW MRWXVYGXSVPIH XVEMRMRK -08 WIPJTEGIH SRPMRI PIEVRMRK SV E GSQFMREXMSR SJ FSXL
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KSEPW
&IRIJMXW XS SVKERMÊXMSRW MRGPYHI
y 1E\MQMÎH VIXYVR SR MRZIWXQIRX JSV 'MXVM\ TVSHYGXW XLVSYKL TVSTIV MQTPIQIRXEXMSR ERH
WYTTSVX
y -QTVSZIH VIPMEFMPMX] ERH IJJMGMIRG] JSV 'MXVM\ IRZMVSRQIRXW [MXL HIGVIEWIH HS[RXMQI
y 6IHYGIH MQTPIQIRXEXMSR ERH WYTTSVX GSWXW EW QSVI TVSFPIQW GER FI VIWSPZIH JEWXIV F] MRXIVREP
WXEJJ
y -RGVIEWIH IQTPS]II NSF WEXMWJEGXMSR PIEHMRK XS LMKLIV PIZIPW SJ GYWXSQIV WEXMWJEGXMSR
&IRIJMXW XS -8 TVSJIWWMSREPW MRGPYHI
y /RS[PIHKI ERH WOMPPW XLEX GER FI ETTPMIH HMVIGXP] SR XLI NSF XS STXMQMÎ ERH QEMRXEMR 'MXVM\
IRZMVSRQIRXW
y )RLERGIH GVIHMFMPMX] XLVSYKL ORS[PIHKI ERH WOMPPW GYVVIRX [MXL EHZERGIW MR XIGLRSPSK]
y -QTVSZIH [SVO TIVJSVQERGI [LMGL MRGVIEWIW IQTPS]II ZEPYI
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I\TPSVI XLI GYVVIRX 'MXVM\ XVEMRMRK SJJIVMRKW
'MXVM\ 'IVXMJMGEXMSR &IRIJMXW

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ERH ORS[PIHKI [MXL IEGL EHZERGIQIRX
y 8LI %HQMRMWXVEXSV WIVMIW GSRWMWXW SJ XLI 'MXVM\ 'IVXMJMIH %HQMRMWXVEXSV ''% ERH XLI 'MXVM\
'IVXMJMIH %HZERGIH %HQMRMWXVEXSV ''%% GIVXMJMGEXMSRW
y 8LI )RKMRIIV WIVMIW GSRWMWXW SJ XLI 'MXVM\ 'IVXMJMIH )RXIVTVMWI )RKMRIIV '')) GIVXMJMGEXMSRW
y 8LI %VGLMXIGX WIVMIW GSRWMWXW SJ XLI 'MXVM\ 'IVXMJMIH -RXIKVEXMSR %VGLMXIGX ''-% GIVXMJMGEXMSR
6EROIH EQSRK XLI QSWX WSYKLX EJXIV GIVXMJMGEXMSRW MR XLI MRHYWXV] 'MXVM\ GIVXMJMGEXMSRW TVSZMHI
y &IRIJMXW JSV SVKERMÊXMSRW MRGPYHMRK
y 4IEGI SJ QMRH ERH EWWYVERGI XLEX GIVXMJMIH WXEJJ LEZI QEWXIVIH XLI WOMPPW RIGIWWEV] XS HS
XLIMV NSFW
y :EPYEFPI GVIHIRXMEPW XS SJJIV EW MRGIRXMZI XS XST TIVJSVQIVW ERH XS WIIO MR TVSWTIGXMZI
IQTPS]IIW
y 'SQTIXMXMZI EHZERXEKI KEMRIH F] PIZIVEKMRK WXEJJ XLEX MW XVEMRIH ERH GIVXMJMIH SR E VIKYPEV
FEWMW
y &IRIJMXW JSV -8 TVSJIWWMSREPW MRGPYHMRK
y (IQSRWXVEXIH GSQTIXIRG] MR 'MXVM\ TVSHYGXW XS IQTPS]IVW ERH GPMIRXW
y 8LI QSWX GYVVIRX XIGLRMGEP WOMPPW ERH ORS[PIHKI RIGIWWEV] XS HS XLIMV NSFW
y )RLERGIH QEVOIXEFMPMX] XLVSYKL E [IPPVIGSKRMÎH ERH VIWTIGXIH GVIHIRXMEP
-RZIWXMRK MR 'MXVM\ GIVXMJMGEXMSR LIPTW SVKERMÊXMSRW ERH -8 TVSJIWWMSREPW EPMOI VIEPMÎ XLIMV FYWMRIWW
KSEPW 8S KIX WXEVXIH ZMWMX XLI [[[GMXVM\IHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI 'IVXMJMGEXMSR
WIGXMSR
/I] 6IWSYVGIW
8S SFXEMR HIXEMPIH ERH YTHEXIH MRJSVQEXMSR SR 'MXVM\ XVEMRMRK ERH GIVXMJMGEXMSR ZMWMX XLI
[[[GMXVM\IHYGEXMSRGSQ [IF WMXI VIKYPEVP] 8LI [IF WMXI GSRXEMRW XLI PEXIWX MRJSVQEXMSR SR
EZEMPEFPI ERH YTGSQMRK MRWXVYGXSVPIH XVEMRMRK WIPJTEGIH SRPMRI PIEVRMRK I\EQW ERH GIVXMJMGEXMSRW
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-08 GSYVWIW GSYVWIW ERH WGLIHYPIW MR ]SYV EVIE MRGPYHMRK GYWXSQMÎH XVEMRMRK
KS XS XLI [[[GMXVM\IHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI
8VEMRMRK WIGXMSR XS JMRH GSYVWIW MR ]SYV VIKMSR =SY QE] EPWS
GSRXEGX ]SYV 'MXVM\ %YXLSVMÎH 0IEVRMRK 'IRXIV '%0'
VITVIWIRXEXMZI
7IPJTEGIH SRPMRI PIEVRMRK 8S ZMI[ GSYVWI HIWGVMTXMSRW WIEVGL SV VIKMWXIV JSV I0IEVRMRK
GSYVWIW KS XS XLI [[[GMXVM\IHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS
XLI 8VEMRMRK WIGXMSR
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XLI [[[GMXVM\IHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI )\EQ
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y ;IF [[[TIEVWSRZYIGSQ
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RYQFIVW F] VIKMSR ZMWMX XLI LXXTZYIGSQGMXVM\GSRXEGX [IF
WMXI
'IVXMJMGEXMSR 1EREKIV 8S XVEGO ]SYV GIVXMJMGEXMSR TVSKVIWW ERH TYFPMWL ]SYV 'MXVM\
GVIHIRXMEPW ZMWMX XLI [[[GMXVM\GIVXQEREKIVGSQ [IF WMXI
'SYVWI )ZEPYEXMSR ERH 'SQTPIXMSR
'IVXMJMGEXI
'SYVWI )ZEPYEXMSR 7YVZI]
'SYVWI IZEPYEXMSR MW MRXIKVEP XS HIZIPSTMRK ER )HYGEXMSR TVSKVEQ XLEX TVSZMHIW ER IJJIGXMZI
PIEVRMRK IRZMVSRQIRX ERH XLI ORS[PIHKI ERH WOMPPW RIGIWWEV] XS MQTVSZI NSF TIVJSVQERGI [LMPI
IRLERGMRK XLI VIXYVR SR MRZIWXQIRX SJ 'MXVM\ TVSHYGXW =SYV MRWXVYGXSV [MPP GEVIJYPP] KYMHI ]SY
XLVSYKL XLI GSYVWI IZEPYEXMSR TVSGIWW ERH EWO XLEX ]SY WYFQMX ER IPIGXVSRMG WYVZI] EX XLI
GSRGPYWMSR SJ XLI GSYVWI 8LMW ZEPYEFPI JIIHFEGO [MPP EWWMWX 'MXVM\ )HYGEXMSR MR I\TERHMRK SYV
VSFYWX GYVVMGYPYQ SJ MRWXVYGXSVPIH XVEMRMRK WIPJTEGIH SRPMRI PIEVRMRK ERH GLEPPIRKMRK GIVXMJMGEXMSR
XVEGOW
'SYVWI 'SQTPIXMSR 'IVXMJMGEXI

% GSYVWI GSQTPIXMSR GIVXMJMGEXI MW EZEMPEFPI XS XLSWI WXYHIRXW [LS GSQTPIXI XLI GSYVWI IZEPYEXMSR
WYVZI] 1MH[E] XLVSYKL XLI JMREP HE] SJ GPEWW ]SYV MRWXVYGXSV [MPP TVSZMHI ]SY [MXL XLI 960 JSV
XLI [IFFEWIH WYVZI] 7MQTP] KS XS XLI PMRO ERH GSQTPIXI XLI VIUYIWXIH MRJSVQEXMSR 8LI
IZEPYEXMSR [MPP XEOI RS QSVI XLER QMRYXIW XS GSQTPIXI 9TSR WYFQMWWMSR SJ ]SYV GSYVWI
IZEPYEXMSR XLI W]WXIQ [MPP EYXSQEXMGEPP] KIRIVEXI ER IPIGXVSRMG ZIVWMSR SJ ]SYV GSYVWI GSQTPIXMSR
GIVXMJMGEXI )RXIV ]SYV REQI ERH WIPIGX XLI STXMSR XS TVMRX IQEMP SV WEZI XS ,810 TVMSV XS GPSWMRK
XLI TEKI
*SV GPEWWVSSQW [LIVI -RXIVRIX EGGIWW MW RSX EZEMPEFPI ]SY QE] EGGIWW XLI WYVZI] EJXIV
XVEMRMRK F] KSMRK XS XLI [[[QIXVMGWXLEXQEXXIVGSQGMXVM\IZEP [IF WMXI 4PIEWI LEZI ]SYV
GSYVWI RYQFIV EZEMPEFPI MR SVHIV XS PEYRGL XLI WYVZI]
=SY QE] WIPIGX QSVI XLER SRI SJ XLI STXMSRW TVSZMHIH XS VIGIMZI ]SYV GSYVWI GSQTPIXMSR
GIVXMJMGEXI ;LIR TVMRXMRK XLI GIVXMJMGEXI GLSSWI 0ERHWGETI MR SVHIV XS JSVQEX XLI TEKI TVSTIVP] -J
]SY IPIGX XS IQEMP XLI GSYVWI GSQTPIXMSR GIVXMJMGEXI GPMGO XLI &EGO FYXXSR JVSQ XLI IQEMP TEKI XS
VIXYVR XS XLI GIVXMJMGEXI ERH WIPIGX ER EPXIVREXMZI QIXLSH
-J ]SYV GPEWWVSSQ MW RSX IUYMTTIH [MXL E TVMRXIV [I WXVSRKP] VIGSQQIRH XLEX ]SY IQEMP
SV WEZI XS ,810 =SY [MPP RSX FI EFPI XS VIEGGIWW ]SYV GSYVWI GSQTPIXMSR GIVXMJMGEXI
EJXIV ]SY GPSWI XLI TEKI
1SHYPI
-RXVSHYGMRK ERH
(ITPS]MRK 'MXVM\
2IX7GEPIV
3ZIVZMI[
'MXVM\ 2IX7GEPIV MW
y %R EW]QQIXVMGEP WSPYXMSR
y % GSQTPIXI XVEJJMG QEREKIQIRX TPEXJSVQ JSV EPP X]TIW SJ XVEJJMG
y % LMKLP] IJJIGXMZI WSPYXMSR JSV STXMQM^MRK ,884 XVEJJMG
y % WSPYXMSR HIWMKRIH JVSQ XLI KVSYRH YT JSV LMKL WTIIH ERH TIVJSVQERGI
3FNIGXMZIW
&] XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS
y -HIRXMJ] XLI 2IX7GEPIV LEVH[EVI GSQTSRIRXW
y -HIRXMJ] HITPS]QIRX WGIREVMSW
y -HIRXMJ] HITPS]QIRX GSRWMHIVEXMSRW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM\ 2IX7GEPIV
-RXVSHYGXMSR XS XLI 2IX7GEPIV 7]WXIQ
8LI 2IX7GEPIV W]WXIQ MW ER MRXIKVEXIH ;IF ETTPMGEXMSR HIPMZIV] GSRXVSPPIV XLEX WPEWLIW WIVZIV ERH
FERH[MHXL VIUYMVIQIRXW GYXXMRK XLI GSWXW SJ HIPMZIVMRK IRXIVTVMWI ETTPMGEXMSRW MR LEPJ 8LI
2IX7GEPIV W]WXIQ KMZIW -8 QEREKIVW XLI EFMPMX] XS MRWXERXP] XET YRVIEPMÎH IJJMGMIRG] KEMRW EGVSWW EPP
TLEWIW SJ XLI ETTPMGEXMSR PMJIG]GPI [MXLSYX LEZMRK XS FIGSQI ETTPMGEXMSR I\TIVXW
8LI 2IX7GEPIV W]WXIQ JYRGXMSRW EW ER ETTPMGEXMSR EGGIPIVEXSV XLVSYKL GEGLMRK ERH ,884
GSQTVIWWMSR ERH TVSZMHIW EHZERGIH QEREKIQIRX XLVSYKL PE]IV PSEHFEPERGMRK ERH GSRXIRX
W[MXGLMRK JYRGXMSRW 8LI 2IX7GEPIV EPWS MRGPYHIW ETTPMGEXMSR WIGYVMX] YWMRK E ;IF ETTPMGEXMSR
JMVI[EPP MRGPYHMRK 4'-((7 WIGYVMX] QERHEXIH TVSXIGXMSRW ERH 770 :42 8LI 2IX7GEPIV W]WXIQ
SJJPSEHW ETTPMGEXMSR ERH ;IF WIVZIVW XS IRWYVI ETTPMGEXMSR EZEMPEFMPMX] MRGVIEWIH WIGYVMX] XLVSYKL
770 ERH WIVZIV GSRWSPMHEXMSR -X VIHYGIW XLI XSXEP GSWX SJ S[RIVWLMT SJ ;IF ETTPMGEXMSR HIPMZIV]
ERH STXMQM^MRK XLI YWIV I\TIVMIRGI
2IX7GEPIV *YRGXMSREPMX]
2IX7GEPIV GSRXIRX W[MXGLMRK ERH PSEH FEPERGMRK HVEQEXMGEPP] MQTVSZI XLI XLVSYKLTYX ERH WGEPEFMPMX]
SJ ER -RXIVRIX ETTPMGEXMSR MRJVEWXVYGXYVI F] HIGSYTPMRK IEGL ETTPMGEXMSR VIUYIWXVIWTSRWI JPS[ JVSQ
XLI YRHIVP]MRK XVERWTSVX 'SRXIRX W[MXGLMRK ERH PSEH FEPERGMRK IRWYVI XLI QSWX IJJMGMIRX YWI SJ
XVERWTSVX TVSXSGSPW ERH VIWSYVGIW IZIR MR E WGIREVMS MR [LMGL EPP SJ XLI GSRXIRX MW IRGV]TXIH SV
GSQTVIWWIH
8LI 2IX7GEPIV W]WXIQ QEREKIW XLI GSQTPIXI PMJIG]GPI SJ XLI VIUYIWXVIWTSRWI XVERWEGXMSR ;MXL XLMW
QEREKIQIRX XLI 2IX7GEPIV W]WXIQ MW YRMUYIP] IUYMTTIH XS HMVIGX ERH GSRXVSP ETTPMGEXMSR VIUYIWXW
QSWX IJJMGMIRXP] JVSQ XLI GPMIRX XS XLI WIVZIV ERH FEGO EKEMR
'SRRIGXMSR QYPXMTPI\MRK EPWS ORS[R EW GSRRIGXMSR VIYWI EPPS[W XLI WIVZIVW XS LERHPI WMKRMJMGERXP]
JI[IV GSRRIGXMSRW XLER EVI VIGIMZIH F] XLI 2IX7GEPIV W]WXIQ 8LI QSVI IJJMGMIRX YWI SJ XLI ,884
WTIGMJMGEXMSR TVSZMHIW E WMKRMJMGERX FSSWX XS XLI IJJIGXMZI GETEGMX] SJ XLI WIVZIV F] VIHYGMRK WIVZIV
'49 PSEH ;MXL XLMW WITEVEXMSR XLI 2IX7GEPIV W]WXIQ GER YWI XLI 8'4 TVS\] EVGLMXIGXYVI XS
QYPXMTPI\ ERH VIYWI XLI WIVZIVWMHI 8'4 GSRRIGXMSR MRHITIRHIRXP] JVSQ E GPMIRXWMHI GSRRIGXMSR
8LMW VIYWI SJ IWXEFPMWLIH ERH MHPI WIVZIVWMHI 8'4 GSRRIGXMSRW VIHYGIW XLI 8'4 SZIVLIEH SR ;IF
WIVZIVW
1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM\ 2IX7GEPIV 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
4PERRMRK E 2IX7GEPIV (ITPS]QIRX
8LI 2IX7GEPIV W]WXIQ GER FI HITPS]IH MR XLI JSPPS[MRK RIX[SVO GSRJMKYVEXMSRW
3RI%VQ 1SHI
8LI JMKYVI HITMGXW E SRIEVQ QSHI GSRJMKYVEXMSR 8LI GPMIRX QYWX EGGIWW XLI WIVZIV XLVSYKL E
ZMVXYEP -4 :-4 EHHVIWW GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ
% SRIEVQ QSHI GSRJMKYVEXMSR EPPS[W

y % WMQTPI GSRJMKYVEXMSR [MXL SRI TL]WMGEP MRXIVJEGI ERH RS VMWO SJ FVMHKI PSSTW
y 3RI SV QER] :0%2W [MXL U XEKKMRK
y 0MRO EKKVIKEXMSR XS WEXMWJ] FERH[MHXL VIUYMVIQIRXW
3RIEVQ GSRJMKYVEXMSRW EVI RSX VIGSQQIRHIH
y ;LIR E WIVZIV RIIHW XS WII XLI EGXYEP -4 EHHVIWW SJ XLI GPMIRX ERH XLI HIJEYPX KEXI[E] SJ XLI
WIVZIV GERRSX FI GLERKIH XS ER -4 EHHVIWW SR XLI 2IX7GEPIV W]WXIQ
y ;LIR XLI WIVZIVW EVI EGGIWWIH HMVIGXP] ERH XLI HIJEYPX KEXI[E] LEW FIIR GLERKIH XS XLI
2IX7GEPIV W]WXIQ E WMXYEXMSR XLEX MW WSQIXMQIW EHHVIWWIH [MXL XLI YWI SJ REQIFEWIH WIVZMGIW
ERH I\TPMGMX WIVZIV HIJMRMXMSRW
8[S%VQ 1SHI
8LI JMKYVI HITMGXW E X[SEVQ QSHI GSRJMKYVEXMSR 8LI ETTPMERGI MW TPEGIH FIX[IIR X[S PE]IV
W[MXGLIW [MXL SRI RIX[SVO MRXIVJEGI SR XLI ETTPMERGI GSRRIGXIH XS XLI GPMIRX RIX[SVO ERH ERSXLIV
RIX[SVO MRXIVJEGI GSRRIGXIH XS XLI WIVZIV RIX[SVO
8[SEVQ QSHI LEW XLI JSPPS[MRK FIRIJMXW
y -X EPPS[W PE]IV VSYXIH HITPS]QIRXW [MXL WTPMX WYFRIXW
y -X EPPS[W PE]IV FVMHKIH HITPS]QIRXW [MXL SRI WYFRIX SR IEGL WMHI
y -X WYTTSVXW XVERWTEVIRX GSQTVIWWMSR ERH 770 SJJPSEH
y -X WYTTSVXW 9WI 7SYVGI -4 97-4 EHHVIWW TVSGIWWMRK [MXLSYX WIVZIV GLERKIW
8[SEVQ XSTSPSKMIW [SVO MR WSQI WMXYEXMSRW MR [LMGL SRIEVQ HSIW RSX [SVO ;MXL X[SEVQ
QSHI ]SY GER YWI XLI 2IX7GEPIV W]WXIQ XS VSYXI WSQI XVEJJMG EW [IPP EW XS FEPERGI PSEH
-RPMRI 1SHI
-RPMRI QSHI MW E WTIGMEP GEWI SJ X[SEVQ QSHI -R MRPMRI QSHI QYPXMTPI RIX[SVO MRXIVJEGIW EVI
GSRRIGXIH XS HMJJIVIRX )XLIVRIX WIKQIRXW ERH XLI 2IX7GEPIV ETTPMERGI MW TPEGIH FIX[IIR XLI GPMIRXW
ERH XLI WIVZIVW 8LI SRP] VSYXI MW XLVSYKL XLI 2IX7GEPIV ETTPMERGI
8LI 2IX7GEPIV W]WXIQ GER FI MRXIKVEXIH MRXS ER] RIX[SVO IMXLIV EW E GSQTPIQIRX XS I\MWXMRK PSEH
FEPERGIVW WIVZIVW GEGLIW SV JMVI[EPPW SV EW E WXERHEPSRI WSPYXMSR GETEFPI SJ TVSZMHMRK SRI SV QSVI
SJ XLSWI JYRGXMSREPMXMIW % WYGGIWWJYP 2IX7GEPIV HITPS]QIRX VIUYMVIW TPERRMRK JSV XLI GSVVIGX
HITPS]QIRX X]TI EW [IPP EW E JYPP QMKVEXMSR SJ GYVVIRX RIX[SVO JYRGXMSRW
2IX7GEPIV HITPS]QIRX STXMSRW MRGPYHI
y *PI\ XIRERG]
y (MWTPEGIQIRX
y 2I[ XIGLRSPSK]
*PI\ 8IRERG]
8LI JMKYVI MPPYWXVEXIW E JPI\ XIRERG] HITPS]QIRX WGIREVMS 2IX7GEPIV TL]WMGEP ERH ZMVXYEP ETTPMERGIW
GER FI YWIH XSKIXLIV MR E X[SXMIV EVGLMXIGXYVIE JPI\XIRERG] EVGLMXIGXYVI[MXL IEGL XMIV HIHMGEXIH
XS QEREKMRK WTIGMJMG EGXMSRW -R XLI JMKYVI XLI JPI\ XIRERG] EVGLMXIGXYVI WIKQIRXW ;IF ETTPMGEXMSR
HITPS]QIRX HIPMZIV] WIVZMGIW MRXS X[S XMIVW WLEVIRIX[SVOWIVZMGI JPI\ XMIV ERH ETTPMGEXMSRWTIGMJMG
XIRERX XMIV
8LI JPI\ XMIV VYRW EX XLI IHKI SJ XLI HEXEGIRXIV SV ER IRXIVTVMWI RIX[SVO 8LI JPI\ XMIV TIVJSVQW
ETTPMGEXMSR HIPMZIV] WIVZMGIW ERH EWWSGMEXIH TSPMGMIW XLEX EVI GSQQSR ERH ETTPMIH XS EPP
ETTPMGEXMSRW
8LI XIRERX XMIV VYRW PSKMGEPP] GPSWI XS XLI ETTPMGEXMSRW [MXL IEGL XIRERX KIXXMRK MXW S[R 2IX7GEPIV
MRWXERGI 8LI XIRERX XMIV MWSPEXIW XLI ETTPMGEXMSR HIPMZIV] RIIHW XLEX ZEV] [MHIP] F] ETTPMGEXMSR
(MWTPEGIQIRX
8LI JMKYVI MPPYWXVEXIW E HMWTPEGIQIRX WGIREVMS -R XLI JMKYVI E 2IX7GEPIV W]WXIQ MRWIVXIH MRPMRI
VITPEGIW ERSXLIV XVEJJMG QEREKIV 8LI 2IX7GEPIV W]WXIQ SJXIR TVSZMHIW WYTIVMSV TIVJSVQERGI ERH
QSVI GSQTIPPMRK JYRGXMSREPMX] GSQTEVIH XS XLEX SJJIVIH F] SXLIV XVEJJMG QEREKIVW
2IX7GEPIV W]WXIQW EVI HITPS]IH MR QER] WGIREVMSW XS VITPEGI SXLIV TVSHYGXW %W [MXL E RI[
HITPS]QIRX MX MW GVMXMGEP [MXL HMWTPEGIQIRX XS EREP]Î ERH HIGMHI LS[ XS VITPMGEXI XLI GYVVIRX
JYRGXMSRW SJ XLI RIX[SVO FIJSVI HITPS]QIRX (SMRK WS IRWYVIW RIX[SVO JIEXYVIW EVI TVSTIVP]
QMKVEXIH XS XLI RI[ WIXYT 2I[ JYRGXMSREPMX] MW X]TMGEPP] I\TPSVIH SRP] EJXIV XLI I\MWXMRK JYRGXMSRW
EVI VITPMGEXIH
2I[ 8IGLRSPSK]
8LI JMKYVI MPPYWXVEXIW E RI[ XIGLRSPSK] HITPS]QIRX WGIREVMS MR E LMKLEZEMPEFMPMX] WGIREVMS &IJSVI
WXEVXMRK E RI[ XIGLRSPSK] HITPS]QIRX ]SY WLSYPH JMVWX QET SYX XLI RIX[SVO EVGLMXIGXYVI XS
QE\MQMÎ XLI TPEGIQIRX SJ XLI 2IX7GEPIV W]WXIQ 4EVX SJ XLMW QETTMRK WLSYPH MRGPYHI ER EREP]WMW SJ
[LEX XLI GYVVIRX RIX[SVO JYRGXMSRW EVI ERH [LEX EHHMXMSREP 2IX7GEPIV JYRGXMSRW [MPP FI EHHIH
4VSHYGX *IEXYVIW
8LI OI] JIEXYVI WIXW SJ E 2IX7GEPIV W]WXIQ MRGPYHI
y 0S[IV XSXEP GSWX SJ S[RIVWLMT
y %TTPMGEXMSR EGGIPIVEXMSR
y %TTPMGEXMSR WIGYVMX]
y %TTPMGEXMSR EZEMPEFMPMX]
y 7MQTPI QEREKIEFMPMX]
*IEXYVI EGGIWWMFMPMX] HITIRHW SR XLI LEVH[EVI PMGIRWIW ERH WSJX[EVI SJ XLI WTIGMJMG 2IX7GEPIV
W]WXIQ
0S[IV 8SXEP 'SWX SJ 3[RIVWLMT

'MXVM\ 2IX7GEPIV 4E]EW=SY+VS[ MW E WMQTPI SRHIQERH PMGIRWMRK QSHIP XLEX TVSZMHIW
MRZIWXQIRX TVSXIGXMSR EZSMHW GSWXP] LEVH[EVI YTKVEHIW ERH VIHYGIW XSXEP GSWX SJ S[RIVWLMT 1SWX
RIX[SVOMRK W]WXIQW VIUYMVI I\TIRWMZI LEVH[EVI VITPEGIQIRXW XS I\TERH GETEGMX] ERH JYRGXMSREPMX]
[LMGL JSVGIW GSQTERMIW XS SZIVTVSZMWMSR ERH TE] JSV QSVI XLER XLI] RIIH 4E]EW=SY+VS[
PMGIRWMRK IREFPIW GSQTERMIW XS FY] SRP] [LEX XLI] RIIH XSHE] ORS[MRK XLI] GER IEWMP] WGEPI YT
XLIMV RIX[SVO EW HIQERH KVS[W [MXL E WMQTPI WSJX[EVI PMGIRWI YTKVEHI 8LI JPI\MFPI PMGIRWMRK
ETTPMIW XS FSXL LMKLTIVJSVQERGI 2IX7GEPIV 14< LEVH[EVI ETTPMERGIW ERH WSJX[EVIFEWIH
2IX7GEPIV :4< ZMVXYEP ETTPMERGIW
4E]EW=SY+VS[ PMGIRWMRK MW TEVXMGYPEVP] [IPP WYMXIH XS GPSYHGSQTYXMRK IRZMVSRQIRXW -X IREFPIW
GPSYH TVSZMHIVW XS UYMGOP] ERH EJJSVHEFP] I\TERH XLIMV MRJVEWXVYGXYVI EW TIVJSVQERGI ERH GETEGMX]
VIUYMVIQIRXW HMGXEXI [MXLSYX MRGYVVMRK XLI LIEZ] JM\IH GSWXW ERH WIVZMGI MRXIVVYTXMSRW SJ LEVH[EVI
YTKVEHIW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV PS[IV XSXEP GSWX SJ
S[RIVWLMT
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR

8'4 FYJJIVMRK < < <
8'4 QYPXMTPI\MRK < < <
770 SJJPSEH ERH < < <

EGGIPIVEXMSR
'EGLI VIHMVIGXMSR < <
%TTPMGEXMSR %GGIPIVEXMSR
8LI 2IX7GEPIV W]WXIQ MRGVIEWIW IRHYWIV TIVJSVQERGI F] < SV QSVI [LMPI WEZMRK SR RIX[SVO
FERH[MHXL ERH QEOMRK EYHMS ERH ZMHIS XVEJJMG YWEFPI SZIV TSSV RIX[SVOW 8LMW TIVJSVQERGI
MRGVIEWI MW EGLMIZIH XLVSYKL
y %HZERGIH QYPXMPIZIP GSQTVIWWMSR JSV < JEWXIV HIPMZIV] SJ ;IF GSRXIRX
y (]REQMG GSRXIRX GEGLMRK XS MRWXERXP] HIPMZIV JVIUYIRXP] VIUYIWXIH GSRXIRX HMVIGXP]
y )RHYWIV I\TIVMIRGI QSRMXSV TVSZMHMRK XVYI XVERWTEVIRX RSRW]RXLIXMG QSRMXSVMRK SJ
ETTPMGEXMSR YWIV TIVJSVQERGI
y %YXSQEXIH 8'4 STXMQMÊXMSRW XLEX MQTVSZI TIVJSVQERGI SJ EPP 8'4FEWIH ETTPMGEXMSRW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK
ETTPMGEXMSR EGGIPIVEXMSR

'PMIRX ERH WIVZIV 8'4 < < <
STXMQMÊXMSRW
'MXVM\ %TT'SQTVIWW < < 3TXMSR

JSV ,884
'MXVM\ %TT'EGLI < 3TXMSR
'MXVM\ &VERGL 6ITIEXIV <

TPYKMR
%TTPMGEXMSR 7IGYVMX]
8LI 2IX7GEPIV W]WXIQ TVSZMHIW ETTPMGEXMSR WIGYVMX] F] YXMPM^MRK ER EHZERGIH ;IF ETTPMGEXMSR
JMVI[EPP XS FPSGO ETTPMGEXMSR EXXEGOW ERH TVSXIGX WIRWMXMZI MRJSVQEXMSR JVSQ YREYXLSVMÎH EGGIWW
(E]ÎVS EXXEGO TVSXIGXMSR ERH MRXIKVEXIH <10 WIGYVMX] TVIZIRXW XLI PSWW SJ ZEPYEFPI GSVTSVEXI ERH
GYWXSQIV HEXE ERH EMHW MR GSQTPMERGI [MXL VIKYPEXMSRW WYGL EW 4'-(77 'SQTVILIRWMZI %%%
GETEFMPMXMIW EPSRK [MXL E TS[IVJYP HMWXVMFYXIH HIRMEP SJ WIVZMGI ((S7 WLMIPH EPPS[ WIGYVI VIQSXI
EGGIWW ERH ETTPMGEXMSR WIGYVMX] [LMPI TVIZIRXMRK YREYXLSVMÎH EGGIWW XS WIRWMXMZI MRJSVQEXMSR
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK
ETTPMGEXMSR WIGYVMX]

0 (S7 HIJIRWIW < < <
0 GSRXIRX JMPXIVMRK < < <
,884960 6I[VMXI < < <
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770 :42
0 (S7 HIJIRWIW < <
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WIGYVMX]
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8LI 2IX7GEPIV W]WXIQ MW ER EPPMRSRI ;IF ETTPMGEXMSR HIPMZIV] WSPYXMSR XLEX QEOIW ETTPMGEXMSRW <
FIXXIV F] EGGIPIVEXMRK TIVJSVQERGI IRWYVMRK ETTPMGEXMSR EZEMPEFMPMX] XLVSYKL EHZERGIH PE]IV
XVEJJMG QEREKIQIRX MRGVIEWMRK WIGYVMX] [MXL ER MRXIKVEXIH ETTPMGEXMSR JMVI[EPP ERH WYFWXERXMEPP]
PS[IVMRK GSWXW F] SJJPSEHMRK WIVZIVW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI JIEXYVIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV ETTPMGEXMSR
EZEMPEFMPMX]

0 PSEH FEPERGMRK < < <
0 GSRXIRX W[MXGLMRK < < <
%TT)\TIVX 6EXI < < <

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y %TT)\TIVX :MWYEP 4SPMG] &YMPHIV
y %TT)\TIVX 7IVZMGI 'EPPSYXW
y %TT)\TIVX 8IQTPEXIW
y %TT)\TIVX :MWYEPMÎVW
y 6SPIFEWIH %HQMRMWXVEXMSR
y %%% JSV %HQMRMWXVEXMSR
y 'SRJMKYVEXMSR ;MÊVHW
y 'MXVM\ 'SQQERH 'IRXIV
y 'MXVM\ )HKI7MKLX JSV 2IX7GEPIV
%TT)\TIVX :MWYEP 4SPMG] &YMPHIV

8LI %TT)\TIVX :MWYEP 4SPMG] &YMPHIV OIITW TSPMG] HIZIPSTQIRX WMQTPI ERH TSPMGMIW WYTTSVXEFPI F]
IPMQMREXMRK GSQTPI\ WGVMTXW SV TVSKVEQW JVSQ EPP 2IX7GEPIV TSPMGMIW
%TT)\TIVX 7IVZMGI 'EPPSYXW

%TT)\TIVX 7IVZMGI 'EPPSYXW SFXEMR MRJSVQEXMSR JVSQ I\XIVREP ETTPMGEXMSRW 8LI GEPPSYX TSPMG] WIRHW
ER ,884 VIUYIWX XS ER I\XIVREP ETTPMGEXMSR %R EKIRX HITPS]IH MR JVSRX SJ XLI ETTPMGEXMSR JSVQEXW
XLI VIUYIWX JSV XLI ETTPMGEXMSR
;LIR XLI ETTPMGEXMSR VIXYVRW E VIWTSRWI XLI EKIRX JSVQEXW XLI VIWTSRWI JSV XLI 2IX7GEPIV W]WXIQ
ERH XLI GEPPSYX TSPMG] I\XVEGXW HEXE SJ MRXIVIWX JVSQ XLI VIWTSRWI *SV I\EQTPI ]SY GER GSRJMKYVI E
GEPPSYX XS WIRH E GPMIRXvW WSYVGI HSQEMR XS E WIVZIV XLEX PSSOW YT FEH HSQEMRW JVSQ E PMWX ;LIR
XLI WIVZIV WIRHW E VIWTSRWI XLI GEPPSYX I\XVEGXW NYWX XLI wEPPS[IHx SV wHIRMIHx TSVXMSR SJ XLI
VIWTSRWI
%TT)\TIVX 8IQTPEXIW
%TT)\TIVX 8IQTPEXIW IRGETWYPEXI XLI IRXMVI 2IX7GEPIV GSRJMKYVEXMSR JSV E WTIGMJMG ETTPMGEXMSR MRXS E
PSKMGEP ZMI[ 3RKSMRK GLERKIW XS GSRJMKYVEXMSR ERH TSPMGMIW GER EPWS FI QEHI JVSQ XLMW ZMI[
%TT)\TIVX 8IQTPEXIW GER FI MQTSVXIH ERH I\TSVXIH IREFPMRK GSQTPIXI 2IX7GEPIV GSRJMKYVEXMSRW XS
FI PSEHIH JSV XLI STXMQMÊXMSR SJ WTIGMJMG ETTPMGEXMSRW -QTSVXI\TSVX EPWS QEOIW MX IEW] XS WLEVI
ETTPMGEXMSRWTIGMJMG GSRJMKYVEXMSR [MXLMR ERH FIX[IIR SVKERMÊXMSRW ERH XS QSZI ETTPMGEXMSR
WTIGMJMG GSRJMKYVEXMSRW FIX[IIR HMJJIVIRX W]WXIQW
%TT)\TIVX :MWYEPMÎVW
8LI JSPPS[MRK WXEXMWXMGEP MRJSVQEXMSR JSV GSRXIRX W[MXGLMRK PSEH FEPERGMRK ERH ETTPMGEXMSR IRXMXMIW
GER FI ZMI[IH MR XLI :MWYEPMÎV
y 'SRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIVW 8LI RYQFIV SJ VIUYIWXW VIGIMZIH TIV
WIGSRH EX E KMZIR TSMRX MR XMQI EX GSRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIV RSHIW MW
HMWTPE]IH SR XLI ZMVXYEP WIVZIV RSHI MR XLI :MWYEPMÎV
y 6I[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW 8LI RYQFIV SJ LMXW TIV WIGSRH EX E KMZIR TSMRX MR XMQI
JSV VI[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW MW HMWTPE]IH SR XLI VI[VMXI VIWTSRHIV ERH GEGLI
TSPMG] RSHIW MR XLI :MWYEPMÎV
6SPIFEWIH %HQMRMWXVEXMSR
6SPIFEWIH EHQMRMWXVEXMSR KVERYPEVP] WIKQIRXW EHQMRMWXVEXMZI TVMZMPIKI SR E 2IX7GEPIV W]WXIQ
%%% JSV %HQMRMWXVEXMSR

8LI JSPPS[MRK %YXLIRXMGEXMSR %YXLSVMÊXMSR %YHMXMRK %%% JIEXYVIW EVI IRLERGIH MR XLMW VIPIEWI
*SVQW&EWIH 7MRKPI 7MKR 8LI 2IX7GEPIV W]WXIQ RS[ WYTTSVXW JSVQWFEWIH WMRKPI WMKRSR XS
3R 773 EPP WIVZMGIW 8LMW JYRGXMSREPMX] EPPS[W ]SY XS GSRJMKYVI TSPMGMIW JSV
EYXSQEXMG WYFQMWWMSR SJ [IF JSVQW F] YWMRK XLI YWIV GVIHIRXMEPW
YWIH JSV PSKKMRK MR XS 2IX7GEPIV SV :42
7MRKPI 7MKR3R 773 %R 773 HSQEMR LEW FIIR EHHIH MR XLI XMQISYX WIWWMSR TEVEQIXIV
(SQEMR MR 8MQISYX ERH XLI XMQISYX WIWWMSR EGXMSR XS FI YWIH JSV JSVQFEWIH WMRKPI
7IWWMSR 4EVEQIXIV ERH WMKRSR
8MQISYX 7IWWMSR %GXMSR
773 XS 7IVZMGIW 7YTTSVX 8LI 2IX7GEPIV W]WXIQ WYTTSVXW WMRKPI WMKRSR 773 EYXLIRXMGEXMSR
JSV FEWIH FEWMG HMKIWX ERH 2801 EYXLIRXMGEXMSR MR %%%
'SRJMKYVEXMSR ;MÊVHW
'SRJMKYVEXMSR [MÊVHW WMQTPMJ] XLI WIXYT SJ PSEH FEPERGMRK +70& )HKI7MKLX JSV 2IX7GEPIV ERH
WIGYVI VIQSXI EGGIWW ERH EZEMPEFMPMX] JSV 'MXVM\ <IR%TT
'MXVM\ 'SQQERH 'IRXIV

'MXVM\ 'SQQERH 'IRXIV MW E QEREKIQIRX ERH QSRMXSVMRK WSPYXMSR JSV 'MXVM\ ETTPMGEXMSR
RIX[SVOMRK TVSHYGXW XLEX MRGPYHI 'MXVM\ 2IX7GEPIV 'MXVM\ &VERGL 6ITIEXIV ERH 'MXVM\ 6ITIEXIV 8LI
'SQQERH 'IRXIV EPPS[W ]SY XS QEREKI QSRMXSV ERH XVSYFPIWLSSX XLI IRXMVI KPSFEP ETTPMGEXMSR
HIPMZIV] MRJVEWXVYGXYVI JVSQ E WMRKPI YRMJMIH GSRWSPI
'MXVM\ )HKI7MKLX JSV 2IX7GEPIV

)HKI7MKLX JSV 2IX7GEPIV QSRMXSVW ;IF ETTPMGEXMSRW JVSQ XLI TIVWTIGXMZI SJ XLI GPMIRX TVSZMHMRK
VIEPXMQI ERH LMWXSVMG ZMWMFMPMX] MRXS ;IF ETTPMGEXMSR TIVJSVQERGI
)HKI7MKLX JSV 2IX7GEPIV
y -RGVIEWIW ZMWMFMPMX] MRXS XLI YWIV TIVGITXMSR SJ ;IF ETTPMGEXMSR VIWTSRWI XMQI
y 8VEGOW ERH VITSVXW ;IF ETTPMGEXMSR TIVJSVQERGI SZIV XMQI GSQTEVMRK GYVVIRX TIVJSVQERGI XS
LMWXSVMGEP XVIRHW
y 6IUYMVIW RS EKIRX SV GPMIRX WSJX[EVI SR YWIV HIZMGIW
y %WWMWXW MR XVSYFPIWLSSXMRK FSXXPIRIGOW
y 9WIW ,810MRNIGXIH HEXE JSV QIEWYVMRK ETTPMGEXMSR TIVJSVQERGI
;IF 3TXMQMÊXMSR

2IX7GEPIV MRXVSHYGIW FMX WLEVIHQIQSV] GEGLMRK ,MKLIRH 2IX7GEPIV 14< TPEXJSVQW GER
TVSZMHI YT XS +& SJ QIQSV] GEGLI GETEGMX] XS GEGLI PEVKI ZMHIS JMPIW EX XLI WIVZMGI TVSZMHIV
IHKI SV XS SJJPSEH FEGOIRH WIVZIVW (IPMZIV] SJ ;IF ETTPMGEXMSRW EVI STXMQMÎH [MXL RI[ *EWX
<10 <4EXL WYTTSVX [LMGL IREFPIW LMKLTIVJSVQERGI FYWMRIWW PSKMG VSYXMRK YWMRK HIIT <10
TE]PSEH MRWTIGXMSR
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV ;IF
STXMQMÊXMSR

6MGL -RXIVRIX < < <
ETTPMGEXMSR WYTTSVX
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%HZERGIH WIVZIV < <
SJJPSEH
,EVH[EVI 4PEXJSVQW
8LI HMJJIVIRX LEVH[EVI TPEXJSVQW GYVVIRXP] [MXLMR XLI 'MXVM\ 2IX7GEPIV TVSHYGX PMRI MRGPYHI
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV 14< *-47
y 2IX7GEPIV 14<
y 2IX7GEPIV 14<
y 2IX7GEPIV :4<
)EGL 2IX7GEPIV TPEXJSVQ LEW HMJJIVIRX QIEWYVIH GETEGMXMIW JSV W]WXIQ XLVSYKLTYX 770 XLVSYKLTYX
ERH GSQTVIWWMSR XLVSYKLTYX 8LI QIEWYVIH TIEO XLVSYKLTYX JSV IEGL QSHIP MW FEWIH SR ER
STXMQMÎH GSRJMKYVEXMSR
2IX7GEPIV 14<

8LI 2IX7GEPIV 14< TPEXJSVQW WYTTSVX XLI 4PEXMRYQ )RXIVTVMWI ERH
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14< 14< 14< 14<

,IMKLX 9 9 9 9
4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP
4VSGIWWSV (YEP -RXIP <ISR (YEP -RXIP <ISR (YEP -RXIP <ISR (YEP -RXIP <ISR
< GSVIW < GSVIW < GSVIW < GSVIW
XSXEP XSXEP XSXEP XSXEP
1IQSV] +& +& +& +&
14< 14< 14< 14<
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\ +&%7)<
7*4 7*4 7*4
<*4
36
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<*4
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8VERWGIMZIV +) 7*4 76 +) 7*4 76 +) 7*4 76 +) <*4 76 06
WYTTSVX 06 06 06
4E]EW=SY+VS[ 9TKVEHI STXMSR XS 9TKVEHI STXMSR XS

WSJX[EVI YTKVEHI 14< 14< ERH
14<
7]WXIQ +FTW +FTW +FTW +FTW

XLVSYKLTYX
,884 VIUYIWXW WIG WIG WIG WIG
770 XVERWEGXMSRW WIG WIG WIG WIG
770 XLVSYKLTYX +FTW +FTW +FTW +FTW
'SQTVIWWMSR +FTW +FTW +FTW +FTW

XLVSYKLTYX
770 :42

GSRGYVVIRX YWIVW
2IX7GEPIV 14<

8LI 2IX7GEPIV 14< TPEXJSVQW WYTTSVX XLI 4PEXMRYQ ERH )RXIVTVMWI
)HMXMSRW
14< 14< 14< 14<

,IMKLX 9 9 9 9
14< 14< 14< 14<
4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP
4VSGIWWSV (YEP -RXIP <ISR (YEP -RXIP <ISR (YEP -RXIP <ISR (YEP -RXIP <ISR
) GSVIW ) GSVIW ) GSVIW ) GSVIW
XSXEP XSXEP XSXEP XSXEP
1IQSV] +& +& +& +&
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\ \ +&%7)< \ \
&%7)8 <*4 &%7)8 &%7)8
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7*4 JMFIV SV &%7)8 7*4 JMFIV SV 7*4 JMFIV SV
GSTTIV GSTTIV GSTTIV
36 36 36
\ +&%7)< \ +&%7)< \ +&%7)<
7*4 7*4 7*4
%2( %2( %2(
\ &%7)< \ &%7)< \ &%7)<
7*4 JMFIV SV 7*4 JMFIV SV 7*4 JMFIV SV
GSTTIV GSTTIV GSTTIV
8VERWGIMZIV +) 7*4 76 +) 7*4 76 +) 7*4 76 +) 7*4 76
WYTTSVX 06 +) 7*4 7< 06 06 +) 7*4 7< 06 +) 7*4 7<
0< 0< 0<
4E]EW=SY+VS[ 9TKVEHI STXMSR XS 9TKVEHI STXMSR XS

WSJX[EVI YTKVEHI 14< 14< ERH
14<
7]WXIQ +FTW +FTW +FTW +FTW

XLVSYKLTYX
,884 VIUYIWXW WIG WIG WIG WIG
770 XVERWEGXMSRW WIG WIG WIG WIG
770 XLVSYKLTYX +FTW +FTW +FTW +FTW
'SQTVIWWMSR +FTW +FTW +FTW +FTW

XLVSYKLTYX
14< 14< 14< 14<
770 :42
GSRGYVVIRX YWIVW
2IX7GEPIV 14< *-4714< :4<

8LI 2IX7GEPIV 14< *-4714< :4< TPEXJSVQW WYTTSVX XLI
4PEXMRYQ )RXIVTVMWI ERH 7XERHEVH )HMXMSRW
14< *-47 14< 14< :4<

,IMKLX 9 9 9 9 2%
4S[IV 7YTTPMIW 7MRKPI TPYW (YEP 7MRKPI TPYW 7MRKPI SRP] (ITIRHIRX SR
STXMSREP STXMSREP WIVZIV TPEXJSVQ
WIGSRH WYTTP] WIGSRH WYTTP] GLSWIR
4VSGIWWSV -RXIP <ISR -RXIP <ISR -RXIP <ISR -RXIP <ISR 1MRMQYQ
0 GSVIW ) +,^ 0 GSVIW ) GSVIW 7IVZIV
XSXEP GSVI XSXEP XSXEP 6IUYMVIQIRXW
(YEP GSVI
WIVZIV [MXL
-RXIP :8\ SV
%1(:
'MXVM\
<IR7IVZIV
YTHEXI SV
FIXXIV
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SV LMKLIV
+& 6%1
+& LEVH HVMZI
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WYTTSVXIH 2-'
14< *-47 14< 14< :4<

1IQSV] +& +& +& +&
)XLIVRIX TSVXW \

\ \ &%7) \
&%7)8
& 7< 7*4 JMFIV &
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36 36 36
\ \ \
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%7)8 %7)8
%2( %2(
\ &%7) \ &%7)
< 7*4 JMFIV SV 8
GSTTIV
%2(
\ &%7)
< 7*4 JMFIV
ERH GSTTIV
8VERWGIMZIV 7< 0< 7< 0< 7< 0<

WYTTSVX
4E]EW=SY 9TKVEHI
+VS[ WSJX[EVI STXMSR XS 14<
YTKVEHI
7]WXIQ +FTW +FTW +FTW +FTW 9T XS

XLVSYKLTYX +FTW
,884 VIUYIWXW WIG WIG WIG WIG 9T XS

WIG
770 WIG WIG WIG WIG 9T XS WIG

XVERWEGXMSRW
770 +FTW +FTW +FTW +FTW 9T XS

XLVSYKLTYX +FTW
'SQTVIWWMSR +FTW +FTW +FTW +FTW 9T XS

XLVSYKLTYX +FTW
14< *-47 14< 14< :4<

770 :42 9T XS
GSRGYVVIRX
YWIVW
R'SVI
'MXVM\ 2IX7GEPIV R'SVI XIGLRSPSK] HVEQEXMGEPP] MRGVIEWIW XLI TIVJSVQERGI ERH WGEPEFMPMX] SJ
2IX7GEPIV EX RS EHHMXMSREP GSWX R'SVI XIGLRSPSK] FVIEOW XLI WMRKPI '49 TIVJSVQERGI FEVVMIV XLEX
PMQMXW XLI TIVJSVQERGI WGEPEFMPMX] ERH I\XIRWMFMPMX] SJ QSWX ;IF WSPYXMSRW -X MW E XVYI FMX
EVGLMXIGXYVI XLEX MW FYMPX JVSQ XLI KVSYRH YT XS MRXIPPMKIRXP] HMWXVMFYXI TEGOIX JPS[W EGVSWW QYPXMTPI
'49 GSVIW JSV LMKLTIVJSVQERGI TEVEPPIP TVSGIWWMRK
%W ;IF ETTPMGEXMSRW FIGSQI MRGVIEWMRKP] GSQTPI\ ERH HIQERHMRK HYI XS ;IF XVIRHW ERH XLI
TVSPMJIVEXMSR SJ 6MGL -RXIVRIX %TTPMGEXMSRW 6-% ;IF ETTPMGEXMSR HIPMZIV] [MPP FI VIUYMVIH XS
TVSZMHI KVIEXIV PIZIPW SJ ;IF ETTPMGEXMSR HIPMZIV] GSRXVSPPIV WSPYXMSRW [LMGL TVSZMHI
y 0E]IV PSEH FEPERGMRK ERH GSRXIRX W[MXGLMRK JYRGXMSRW
y 'EGLMRK
y 'SQTVIWWMSR
y %TTPMGEXMSR WIGYVMX]
y 770 SJJPSEHMRK
y 1YPXMKMKEFMX WTIIHW
2IX7GEPIV R'SVI ETTPMGEXMSR EGGIPIVEXSV XIGLRSPSK] HIPMZIVW E < MRGVIEWI MR TIVJSVQERGI ERH
WGEPEFMPMX] ERH TVSZMHIW RI[ PIZIPW SJ EHZERGIH ;IF ETTPMGEXMSR HIPMZIV] GSRXVSPPIV TIVJSVQERGI JSV
IZIR XLI QSWX GLEPPIRKMRK ;IF ETTPMGEXMSRW
*SV E PMWX SJ JIEXYVIW WYTTSVXIH F] XLI 2IX7GEPIV R'SVI VIPIEWI ZMWMX XLI
LXXTWYTTSVXGMXVM\GSQTVSHHSGWMRHI\NWT [IF WMXI
2IX7GEPIV :4<
2IX7GEPIV :4< MW E ZMVXYEP ETTPMGEXMSR XLEX TVSZMHIW XLI JYRGXMSREPMX] SJ WTIGMEPMÎH LMKLIRH
RIX[SVO HIZMGIW XLEX GER FI IEWMP] ERH H]REQMGEPP] HITPS]IH SR E WMRKPI WIVZIV SV EGVSWW IRXMVI
GPSYH HEXEGIRXIVW 8LI WMQTPMGMX] ERH JPI\MFMPMX] SJ 2IX7GEPIV :4< QEOI MX IEW] ERH GSWX IJJIGXMZI XS
JYPP] STXMQMÎ IZIV] ;IF ETTPMGEXMSR ERH QSVI IJJIGXMZIP] MRXIKVEXI RIX[SVOMRK WIVZMGIW [MXL
ETTPMGEXMSR HIPMZIV]
-R EHHMXMSR XS WYTTSVXMRK HEXEGIRXIVW VIP]MRK YTSR ZMVXYEPMÎH WIVZIV ERH ETTPMGEXMSR VIWSYVGIW
2IX7GEPIV :4< IREFPIW ;IF ETTPMGEXMSR PSEH FEPERGMRK EGGIPIVEXMSR WIGYVMX] ERH SJJPSEH XS
FIGSQI ZMVXYEPMÎH WIVZMGIW XLEX GER FI IEWMP] HITPS]IH SRHIQERH ER][LIVI MR XLI HEXEGIRXIV SV
GPSYH MRJVEWXVYGXYVI 8LMW IREFPIW GSQFMRMRK 2IX7GEPIV :4< [MXL SXLIV ZMVXYEPMÎH RIX[SVOMRK
WSPYXMSRW XS HIPMZIV ER IRHXSIRH PE]IV ZMVXYEP RIX[SVOMRK WXEGO
,EVH[EVI 'SQTSRIRXW
)EGL 2IX7GEPIV ETTPMERGI MRGPYHIW GIVXEMR LEVH[EVI GSQTSRIRXW 7SQI SJ XLIWI GSQTSRIRXW EVI
IEWMP] EGGIWWMFPI SR XLI I\XIVMSV SJ XLI ETTPMERGI ERH WLSYPH RSX FI VIQSZIH =SY QYWX FI E[EVI SJ
[LEX ERH [LIVI XLIWI GSQTSRIRXW EVI [LIR EHQMRMWXIVMRK E 2IX7GEPIV W]WXIQ 8LI JMPI W]WXIQW EVI
ZMXEP JSV XLI 2IX7GEPIV W]WXIQ STIVEXMSRW
2IX[SVO ERH 7IVMEP -RXIVJEGIW

3R EPP 2IX7GEPIV TPEXJSVQW XLI RIX[SVO MRXIVJEGIW EVI PSGEXIH SR XLI JVSRX SJ XLI ETTPMERGI
8LI 67 WIVMEP GSRWSPI TSVX SR XLI JVSRX SJ IEGL 2IX7GEPIV ETTPMERGI TVSZMHIW E HMVIGX GSRRIGXMSR
FIX[IIR XLI ETTPMERGI ERH E [SVOWXEXMSR SV PETXST EPPS[MRK HMVIGX EGGIWW XS XLI ETTPMERGI JSV MRMXMEP
GSRJMKYVEXMSR SV XVSYFPIWLSSXMRK
0'(
7SQI FEWMG MRJSVQEXMSR GER FI JSYRH HMVIGXP] SR XLI JVSRXQSYRXIH 0'( WGVIIR 8LI 0'( WGVIIR
G]GPIW XLVSYKL XLI WGVIIR STXMSRW ERH HMWTPE]W XLI GYVVIRX W]WXIQ ZEPYIW
6IJIV XS ,EVH[EVI -RWXEPPEXMSR ERH 7IXYT +YMHI SR XLI LXXTWYTTSVXGMXVM\GSQTVSHHSGWMRHI\NWT
;IF WMXI JSV QSVI MRJSVQEXMSR EFSYX XLI ZEPYIW XLEX EVI HMWTPE]IH
*MPI 7]WXIQ
-QTSVXERX HEXE W]WXIQW MRGPYHI
6%1 (VMZI 8LI 6%1 HVMZI MW QSYRXIH SR XLI VSSX SV JMPI W]WXIQ (YVMRK
STIVEXMSR FMREVMIW EVI I\IGYXIH JVSQ XLI 6%1 HVMZI 8LI VYRRMRK
GSRJMKYVEXMSR JMPIW JSV &7( PIZIP XSSPW [MPP FI YWIH JVSQ XLI IXG JMPI
W]WXIQ VIWMHMRK SR XLI 6%1 HVMZI
*PEWL QIQSV] 8LI JPEWL QIQSV] MW QSYRXIH MR XLI 2IX7GEPIV W]WXIQ EW JPEWL
(YVMRK WXEVX YT XLI 6%1 HVMZI MW MRMXMEPP] TSTYPEXIH JVSQ E
GSQTVIWWIH FYMPH JMPI VIWMHMRK SR XLI JPEWL HVMZI ERH XLIR XLI
GSRJMKYVEXMSR JMPIW RIIHIH JSV &7(PIZIP TVSGIWWIW EVI GSTMIH JVSQ
XLI RWGSRJMK HMVIGXSV] SR XLI JPEWL HVMZI MRXS XLI IXG HMVIGXSV] MR
XLI 6%1 HVMZI 8LI RWGSRJMK HMVIGXSV] MW XLIR PMROIH XS XLI
JPEWLRWGSRJMK HMVIGXSV] EW E WLSVXGYX ;LIR E WEZI GSRJMK
GSQQERH MW I\IGYXIH XLI VYRRMRK MRQIQSV] GSRJMKYVEXMSR MW
WEZIH XS XLMW HMVIGXSV]
8LI JPEWL HVMZI MW PSGEXIH SR XLI FEGO SJ XLI ETTPMERGI ERH WLSYPH
RSX FI VIQSZIH
,EVH (MWO 8LI 2IX7GEPIV W]WXIQ LEVH HMWO MW YWIH XS WXSVI PSK HEXE ERH GSVI
JMPIW ERH MW YWIH EW PSRKXIVQ WXSVEKI JSV YRYWIH FYMPHW
8LI ZEV HMVIGXSV] VITVIWIRXW XLI TL]WMGEP LEVH HMWO 8LI LEVH HMWO
MW PSGEXIH SR XLI FEGO SJ XLI ETTPMERGI ERH WLSYPH RSX FI VIQSZIH
8LI 2IX7GEPIV HIWMKR MW FEWIH SR E PE]IVIH QSHYPI FIX[IIR XLI 2IX7GEPIV OIVRIP ERH XLI &7(
STIVEXMRK W]WXIQ EW WLS[R MR XLI JMKYVI &7( ERH XLI 2IX7GEPIV W]WXIQ WLEVI QIQSV]
QEREKIQIRX 8LI 2IX7GEPIV OIVRIP STIVEXIW FIPS[ XLI &7( OIVRIP ERH GSRXVSPW QER] SJ XLI
JIEXYVIW MRGPYHMRK
y 8MQI WPMGMRK JSV &7(
y 2IX[SVO TEGOIX TVSGIWWMRK
y 7214 ERH W]WPSK TVSGIWWMRK
y 770 SJJPSEH
&7( QEREKIW WIZIVEP MRXIKVEP JIEXYVIW SJ XLI 2IX7GEPIV W]WXIQ MRGPYHMRK
y &SSX TVSGIWW
y *MPI W]WXIQ EGGIWW
y 0SRKXIVQ PSKKMRK
y 1EREKIQIRX TVSGIWWIW
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-RFSYRH 2%8 -2%8 8LI 2IX7GEPIV W]WXIQ VITPEGIW XLI HIWXMREXMSR -4 EHHVIWW MR XLI
TEGOIXW KIRIVEXIH F] XLI GPMIRX [MXL XLI TVMZEXI -4 EHHVIWW SJ XLI
WIVZIV
6IZIVWI 2%8 62%8 8LI 2IX7GEPIV W]WXIQ VITPEGIW XLI WSYVGI -4 EHHVIWW MR XLI TEGOIXW
KIRIVEXIH F] XLI WIVZIVW [MXL XLI TYFPMG 2%8 -4 EHHVIWW
8LI 2IX7GEPIV W]WXIQ MW EPWS ER -4 EHHVIWW TVS\] JSV VIZIVWI RIX[SVO EHHVIWW XVERWPEXMSR 62%8
ERH JSV ZMVXYEP WIVZIVW 2IX[SVO %HHVIWW 8VERWPEXMSR GERRSX FI MQTPIQIRXIH [MXLSYX E ZMVXYEP
WIVZIV
-RFSYRH 2IX[SVO %HHVIWW 8VERWPEXMSR

;LIR E GPMIRX WIRHW E TEGOIX XS E 2IX7GEPIV W]WXIQ XLEX MW GSRJMKYVIH JSV MRFSYRH RIX[SVO EHHVIWW
XVERWPEXMSR -2%8 XLI 2IX7GEPIV W]WXIQ XVERWPEXIW XLI TYFPMG HIWXMREXMSR -4 EHHVIWW SJ XLI TEGOIXW
XS E TVMZEXI HIWXMREXMSR -4 EHHVIWW ERH XLIR JSV[EVHW XLI TEGOIXW XS XLI WIVZIV EX XLEX EHHVIWW
;LIR XLI WIVZIV VIXYVRW XLI TEGOIXW XLI 2IX7GEPIV W]WXIQ XVERWPEXIW XLI WSYVGI -4 EHHVIWW SJ XLI
TEGOIXW XS XLI TYFPMG WSYVGI -4 EHHVIWW ERH XLIR WIRHW XLI TEGOIXW FEGO XS XLI GPMIRX
6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR 62%8

6IZIVWI RIX[SVO EHHVIWW XVERWPEXMSR 62%8 EPPS[W WIVZIVWMHI EHHVIWWIW XS FI XVERWPEXIH XS XLI
1-4 EHHVIWW SV E 72-4 EHHVIWW SJ XLI 2IX7GEPIV W]WXIQ [LIR WIVZIVW WIRH HEXE XLVSYKL XLI W]WXIQ

8LMW FILEZMSV ETTPMIW XS GSRRIGXMSRW XLEX EVI MRMXMEXIH JVSQ XLI MRXIVREP WIVZIVW EW STTSWIH XS
GPMIRX GSRRIGXMSRW TEWWIH XLVSYKL XLI 2IX7GEPIV W]WXIQ
62%8 HSIW RSX EPXIV XLI HEXE TSVXMSR SJ XLI GSQQYRMGEXMSR MR ER] [E] %W E VIWYPX MJ XLI
ETTPMGEXMSR TEWWIW XLI LSWX -4 EHHVIWW EW TEVX SJ XLI HEXE XLEX -4 EHHVIWW MW RSX XLI WEQI EW XLI
EHHVIWW EJXIV XLI XVEJJMG LEW YRHIVKSRI 62%8 8LMW MRGSRKVYMX] GEYWIW XLEX ETTPMGEXMSR XS JEMP *SV
I\EQTPI YWMRK XLI JMPI XVERWJIV STXMSR MR 172 1IWWIRKIV MW RSX TSWWMFPI XLVSYKL ER 62%8 WIWWMSR
8LI I\GITXMSR XS XLMW VYPI MW *MPI 8VERWJIV 4VSXSGSP *84 7TIGMJMG I\XIRHIH JYRGXMSREPMX] LEW FIIR
TYX MR TPEGI XS WYTTSVX *84 XLVSYKL ER 62%8 WIWWMSR
62%8 4SVX 6IYWI

8LI 2IX7GEPIV 62%8 MW RSX SRP] FEWIH SR SRI TSVX MX MW EPWS FEWIH SR SXLIV WSGOIX HEXE [LIVI XLI
VIQSXI EHHVIWW ERH TSVX EVI FSXL XEOIR MRXS EGGSYRX 8LI 2IX7GEPIV W]WXIQ GER VIYWI XLI WEQI TSVX
[MXL XLI WEQI -4 EHHVIWW JSV QYPXMTPI SYXKSMRK 62%8 WIWWMSRW
-4 %HHVIWWIW JSV 62%8

=SY GER GSRJMKYVI E RSR[MPHGEVH ZMVXYEP -4 EHHVIWW EW ER 62%8 -4 EHHVIWW
62%8 GER FI GSRJMKYVIH XS YWI E :-4 EHHVIWW JSV EHHVIWW XVERWPEXMSR 62%8 MW GSRJMKYVIH YWMRK
XLI JSPPS[MRK GSQQERH
WIX RW VREX RIX[SVO z2%8-4 -4C%HHVIWW"
8LI EHHVIWW TVSZMHIH EW XLI ZEPYI JSV XLI EVKYQIRX GER FI E 1-4 EHHVIWW 72-4 EHHVIWW SV ZMVXYEP
-4 EHHVIWW % [MPHGEVH ZMVXYEP -4 EHHVIWW MW RSX E ZEPMH WIPIGXMSR JSV XLI z2%8-4 EVKYQIRX
% 72-4 SV 1-4 EHHVIWW GER FI WYTTPMIH EW XLI 2%8 -4 EHHVIWW [LIR 2%8-4 MW GSRJMKYVIH 8LI
2IX7GEPIV W]WXIQ VSYRHVSFMRW FIX[IIR XLI 72-4 EHHVIWWIW -J XLIVI EVI RS 72-4 EHHVIWWIW XLIR
XLI 2IX7GEPIV W]WXIQ VSYRHVSFMRW FIX[IIR 1-4 EHHVIWWIW
-R ER 62%8 GSRJMKYVEXMSR XLI 2IX7GEPIV W]WXIQ VITPEGIW XLI WSYVGI -4 EHHVIWWIW SJ XLI TEGOIXW
KIRIVEXIH F] XLI WIVZIVW [MXL E 2%8 -4 EHHVIWW [LMGL MW E TYFPMG -4 EHHVIWW
8LI HIJEYPX 2%8 -4 EHHVIWW MW E 1-4 EHHVIWW 8LI 2IX7GEPIV W]WXIQ GER FI GSRJMKYVIH XS YWI SXLIV
2IX7GEPIVS[RIH -4 EHHVIWWIW
62%8 )\EQTPI
8LI MQEKI WLS[W ER I\EQTPI SJ XLI 62%8 TVSGIWW ;LIR TIVJSVQMRK 62%8 XLI 2IX7GEPIV W]WXIQ
VITPEGIW XLI WSYVGI -4 EHHVIWWIW SJ TEGOIXW KIRIVEXIH F] XLI WIVZIVW [MXL E 2%8 -4 EHHVIWW

'SRJMKYVMRK 6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR
'SRJMKYVI 62%8 ERH XLI %'0 ERH 2%8 -4 EHHVIWW MRJSVQEXMSR EW RIGIWWEV]
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 2IX[SVO " 6SYXMRK RSHI MR XLI 62%8 XEF SJ XLI
PSGEXMSR 6SYXMRK TERI
'SQQERHPMRI W]RXE\
WIX VREX RIX[SVO RIXQEWO
8LI 2IX7GEPIV W]WXIQ LMHIW XLI -4 EHHVIWW SJ EPP TEGOIXW SVMKMREXMRK MR XLEX RIX[SVO
:MI[ 62%8 WXEXMWXMGW TIVXEMRMRK XS 62%8 ERH XLI 2%8 -4 EHHVIWW F] HIJMRMRK E TEVXMGYPEV 2%8 -4
EHHVIWW 7XEXMWXMGW MRGPYHI
y &]XIW VIGIMZIH
y &]XIW WIRX

y 4EGOIXW VIGIMZIH
2SX WTIGMJ]MRK E TEVXMGYPEV 2%8 -4 EHHVIWW [MPP VIXYVR KPSFEP 62%8 WXEXMWXMGW
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PSGEXMSR +VSYT PMWX
1SRMXSVMRK MR XLI YTTIV VMKLX GSVRIV ERH WIPIGXMRK 62%8 -4 JVSQ
XLI 7IPIGX +VSYT PMWX
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WXEX VREX
WXEX REXMT 2%8-4%HHVIWW

:MVXYEP 0SGEP %VIE 2IX[SVOW
9RPMOI E X]TMGEP RIX[SVO LSWX XLI 2IX7GEPIV W]WXIQ HSIW RSX LEZI E SRIXSSRI QETTMRK SJ 1%'
EHHVIWWIW XS -4 EHHVIWWIW %W E VIWYPX ER] SJ XLI 2IX7GEPIV MRXIVJEGIW GER WIRH ERH VIGIMZI HEXE JSV
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:0%2W
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EPWS VIJIVVIH XS EW XLI REXMZI :0%2 0MOI E W[MXGL XLI 2IX7GEPIV W]WXIQ HSIW RSX REXMZIP] FMRH -4
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WYFRIX [MPP VIWTSRH XS -4 EHHVIWWIW SR XLEX WYFRIX
8LMW WYFRIX WITEVEXMSR GER FI EGGSQTPMWLIH F] GSRJMKYVMRK SRI SV QSVI :0%2W SR XLI 2IX7GEPIV
W]WXIQ %R MRXIVJEGI ERH ER -4 EHHVIWW GER FI EWWSGMEXIH [MXL XLI :0%2 SRGI SRI MW GVIEXIH 8LI
HIWMVIH WITEVEXMSR MR WYFRIXW MW GVIEXIH [LIR E 1%' EHHVIWW MRXIVJEGI ERH ER -4 EHHVIWW EVI
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)EGL :0%2 MW MHIRXMJMIH F] E :0%2 -( [LMGL MW ER MRXIKIV JVSQ XS 8LI :0%2 GVIEXIH MW
IQTX] [MXLSYX QIQFIVW ,S[IZIV XLI :0%2 MW RSX EGXMZI YRXMP MRXIVJEGIW EVI FSYRH XS MX [MXL
ER -4 EHHVIWW :0%2 MW GVIEXIH F] HIJEYPX ERH GERRSX FI HIPIXIH &] HIJEYPX EPP MRXIVJEGIW FIPSRK
XS :0%2 ;LIR ER MRXIVJEGI MW EHHIH XS E RI[ :0%2 MX MW EYXSQEXMGEPP] VIQSZIH JVSQ :0%2
;LIR E :0%2 XS [LMGL ER MRXIVJEGI MW FSYRH MW HIPIXIH XLI MRXIVJEGI MW VIXYVRIH XS :0%2
:0%2W GER FI GVIEXIH SR XLI 2IX7GEPIV W]WXIQ XS GSVVIWTSRH [MXL XLI :0%2W MR YWI [MXLMR XLI
RIX[SVO 8LI 2IX7GEPIV WYTTSVXW PE]IV TSVX ERH -))) U XEKKIH :0%2W
;LIR E :0%2 MW FSYRH XS ER -4 WYFRIX XLI 2IX7GEPIV [MPP TIVJSVQ -4 JSV[EVHMRK FIX[IIR XLI
:0%2W [LIR GSRJMKYVIH EW XLI HIJEYPX VSYXIV JSV XLI LSWXW SR XLI WYFRIXW
8LI :0%2 JIEXYVI SJ XLI 2IX7GEPIV W]WXIQ MW ER MQTPIQIRXEXMSR STXMSR MR XLI JSPPS[MRK
IRZMVSRQIRXW
y 7MRKPI WYFRIX
y 1YPXMTPI WYFRIXW
y 7MRKPI 0%2
y :0%2W [MXL RS XEKKMRK
y :0%2W [MXL 5 XEKKMRK
;LIR GSRJMKYVMRK XEKKIH :0%2W XLI XEKW QYWX QEXGL SR FSXL IRHW SJ XLI PMRO XLI TSVX
XS [LMGL XLI 2IX7GEPIV MW GSRRIGXIH ERH XLI :0%2 SR XLI 2IX7GEPIV MRXIVJEGI QYWX FI SR
XLI WEQI :0%2
8EKKIH :0%2W
8LI JMKYVI WLS[W E XEKKIH :0%2 WXVYGXYVI -))) 5 WTIGMJMGEXMSRW HIJMRI XLI XEKKMRK WXVYGXYVI
SJ :0%2 XVEJJMG :0%2 XEKKMRK MRWIVXW ER EHHMXMSREP LIEHIV FIX[IIR XLI PE]IV ERH PE]IV

LIEHIVW MR XLI TEGOIX 8LI EHHMXMSREP LIEHIV GSRXEMRW E TVSXSGSP -( ERH E :0%2 -( 8LI ZMVXYEP
RIX[SVO [MXL [LMGL XLI TEGOIX MW EWWSGMEXIH MW MHIRXMJMIH F] XLI :0%2 -( 8LMW XEKKMRK MRJSVQEXMSR
GER FI YWIH F] PE]IV :0%2 E[EVI HIZMGIW XS MRXIPPMKIRXP] JSV[EVH XLI HEXE XS TSVXW EWWSGMEXIH
[MXL XLI WEQI RIX[SVO 8LI 2IX7GEPIV W]WXIQ XEKKIH :0%2 JYRGXMSREPMX] MW JYPP] 5 GSQTPMERX
:0%2W ERH 8EKKMRK [MXL 2IX7GEPIV :4<

8EKKIH :0%2W EVI RSX WYTTSVXIH F] 2IX7GEPIV :4< ERH GERRSX FI GSRJMKYVIH [MXLMR XLI 2IX7GEPIV
:4< GSRJMKYVEXMSR -J E 2IX7GEPIV :4< MW HITPS]IH MR E XEKKIH :0%2 IRZMVSRQIRX XLI :0%2
GSRJMKYVEXMSR QYWX FI LERHPIH EX XLI LSWXWIVZIV PIZIP 3R E LSWX WIVZIV WYGL EW <IR7IVZIV XLI
:0%2 GSRJMKYVEXMSR GER FI GSRJMKYVIH F] GVIEXMRK XLI ETTVSTVMEXI 4-* RIX[SVO ERH :-* SFNIGXW
SR XLI LSWX WIVZIV
8LI JMKYVI WLS[W LS[ XLI 2IX7GEPIV :4< MRXIVEGXW [MXL MXW <IR7IVZIV LSWX

'SRJMKYVMRK :0%2W
8LI JMKYVI WLS[W JYVXLIV MRJSVQEXMSR JSV 2IX7GEPIV :4< MR E X[SEVQ HITPS]QIRX
'SRJMKYVI E :0%2 F] HIJMRMRK E :0%2 -( ER MRXIVJEGI ERH E 72-4

'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 2IX[SVO " :0%2 RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
EHH ZPER MH
WLS[ ZPER MH
FMRH ZPER MH?MJRYQ -RXIVJEGI2EQI ?

XEKKIHAA?-4EHHVIWW -4%HHVIWW RIXQEWOA
6IJIV XS 'MXVM\ ,EVH[EVI -RWXEPPEXMSR ERH 7IXYT +YMHI JSV QSVI MRJSVQEXMSR EFSYX GSRJMKYVMRK
:0%2W

0MRO %KKVIKEXMSR
8LI JMKYVI WLS[W LS[ 0MRO %KKVIKEXMSR GSQFMRIW HEXE JVSQ QYPXMTPI TSVXW MRXS E WMRKPI LMKLWTIIH
PMRO 0MRO EKKVIKEXMSR EPPS[W QYPXMTPI MRXIVJEGIW XS FI YWIH MR E GSQFMRIH QERRIV XS TVSZMHI
MRGVIEWIH GETEGMX]XLVSYKLTYX ERH EZEMPEFMPMX] JSV XLI GSQQYRMGEXMSR GLERRIP FIX[IIR XLI
2IX7GEPIV W]WXIQ ERH SXLIV GSRRIGXIH HIZMGIW 0MRO EKKVIKEXMSR MW GSRJMKYVIH XS EHHVIWW FERH[MHXL
PMQMXEXMSRW ERH XS TVSZMHI VIHYRHERG] JSV MRXIVJEGIW QMXMKEXMRK WMRKPI TSMRXW SJ JEMPYVI
-R WSQI IRZMVSRQIRXW XLI WTIIH SJ E WMRKPI MRXIVJEGI MW RSX EHIUYEXI JSV XLI EQSYRX SJ XVEJJMG XLEX
XLI 2IX7GEPIV W]WXIQ QEREKIW 8S EHHVIWW MREHIUYEXI MRXIVJEGI GETEFMPMX] ]SY GER GSQFMRI
QYPXMTPI MRXIVJEGIW SR XLI 2IX7GEPIV W]WXIQ MRXS E WMRKPI PSKMGEP LMKL FERH[MHXL EH MRXIVJEGI
8LI VIWYPXMRK EKKVIKEXIH MRXIVJEGI MW XVIEXIH EW E WMRKPI MRXIVJEGI JSV GSRJMKYVEXMSR TYVTSWIW 8LI
EKKVIKEXI MRXIVJEGI PMRO XLVSYKLTYX MW XLI WYQ SJ XLI FSYRH TL]WMGEP MRXIVJEGIW 8LI W[MXGL
GSRRIGXIH XS XLI EKKVIKEXI MRXIVJEGIW QYWX EPWS WYTTSVX EH SR XLI 2IX7GEPIV W]WXIQ
&IGEYWI SJ XLI HIJEYPX 2IX7GEPIV FILEZMSV X[S MRXIVJEGIW WLSYPH RIZIV FI TPYKKIH MRXS XLI
WEQI :0%2 SV FVSEHGEWX HSQEMR YRPIWW E PMRO EKKVIKEXMSREH MW FIMRK GSRJMKYVIH
8LI EHH GLERRIP GSQQERH GVIEXIW XLI ZMVXYEP MRXIVJEGI 4L]WMGEP MRXIVJEGIW EVI EHHIH XS XLI GLERRIP
EW TEVX SJ XLI EHH GSQQERH SV XLVSYKL XLI YWI SJ XLI FMRH GLERRIP GSQQERH EJXIV XLI MRXIVJEGI MW
GVIEXIH % WMRKPI PMRO EKKVIKEXMSR GLERRIP GER GSRXEMR JVSQ X[S XS JSYV TL]WMGEP MRXIVJEGIW -J XLIWI
TL]WMGEP MRXIVJEGIW EVI SJ HMJJIVMRK WTIIHW XLI TL]WMGEP MRXIVJEGIW EPP JYRGXMSR EX XLI PS[IWX
GSQQSR WTIIH [LIR EKKVIKEXIH
;LIR X[S SV QSVI MRXIVJEGIW EVI EKKVIKEXIH XLI] GVIEXI E GLERRIP 8LI GLERRIP GER FI GSRJMKYVIH
SV FSYRH XS :0%2W NYWX PMOI ER MRHMZMHYEP MRXIVJEGI 0MRO EKKVIKEXMSR SR XLI 2IX7GEPIV W]WXIQ GER
FI GSRJMKYVIH MR X[S [E]W QERYEPP] [MXLSYX 0%'4 SV EYXSQEXMGEPP] [MXL 0%'4
'LERRIPW XLEX EVI GSRJMKYVIH QERYEPP] QYWX FI QEREKIH QERYEPP] EX XLI GLERRIP PIZIP 'LERRIPW
XLEX EVI GSRJMKYVIH EYXSQEXMGEPP] YWMRK 0%'4 QYWX FI QEREKIH EX XLI MRXIVJEGI PIZIP XLVSYKL XLI
0%'4 TVSTIVXMIW
;LIR E RI[ GLERRIP MW GVIEXIH IMXLIV QERYEPP] SV XLVSYKL 0%'4 ER] :0%2 WIXXMRKW GSRJMKYVIH
SR XLI QIQFIV MRXIVJEGIW EVI PSWX ERH XLI GLERRIP NSMRW :0%2 F] HIJEYPX 3RGI E RI[ GLERRIP
LEW FIIR GVIEXIH ]SY QYWX VIGSRJMKYVI ER] :0%2 WIXXMRKW SR XLI GLERRIP MRWXIEH SJ SR XLI
QIQFIV MRXIVJEGIW 8LI WEQI LETTIRW [LIR E GLERRIP MW VIQSZIH QIQFIV MRXIVJEGIW VIXYVR XS
:0%2 ERH ER] VIUYMVIH XEKKIH :0%2 WIXXMRKW QYWX FI VIGSRJMKYVIH

'SRJMKYVMRK 0%'4 1ERYEPP]
;LIR GVIEXMRK E GLERRIP QERYEPP] ]SY JMVWX GVIEXI XLI GLERRIP ERH EWWMKR MX E GLERRIP -( ERH XLIR
FMRH X[S SV QSVI MRXIVJEGIW XS XLI GLERRIP 'LERRIPW EVI VIJIVVIH XS EW 0% 0% 0% ERH
0% 0MOI MRXIVJEGIW GLERRIPW GER FI FSYRH F] VIJIVIRGMRK XLI GLERRIP -( 0% EW STTSWIH XS

8LI GLERRIP [MPP ETTIEV HS[R YRXMP SRI QSVI MRXIVJEGI LEW FIIR FSYRH XS XLI GLERRIP
'LERRIP WIXXMRKW MRGPYHI IREFPMRK SV HMWEFPMRK XLI GLERRIP ERH WIXXMRK E QMRMQYQ VIUYMVIH
XLVSYKLTYX -J SRI SV QSVI MRXIVJEGIW JEMP XLI EZEMPEFPI XLVSYKLTYX JSV XLI VIQEMRMRK MRXIVJEGIW JEPPW
FIPS[ XLI QMRMQYQ ZEPYI ERH XLI GLERRIP ETTIEVW HS[R % GLERRIP KSMRK HS[R GER FI YWIH XS
XVMKKIV E LMKLEZEMPEFMPMX] JEMPSZIV IZIRX 3XLIV WIXXMRKW WYGL EW WTIIH JPS[ GSRXVSP ERH :0%2
XEKKMRK EVI GSRJMKYVIH SR XLI GLERRIP MRWXIEH SJ SR XLI MRHMZMHYEP QIQFIV MRXIVJEGIW
8LI JMKYVI WLS[W XLI 0%'4 FIMRK GSRJMKYVIH MR XLI 'SRJMKYVEXMSR 9XMPMX]
8S HIPIXI E GLERRIP YRFMRH XLI MRXIVJEGIW JVSQ XLI GLERRIP ERH VIQSZI XLI GLERRIP 8LI MRXIVJEGIW
[MPP VIZIVX FEGO XS FIMRK QIQFIV MRXIVJEGIW SJ :0%2
'SRJMKYVEXMSR 9XMPMX] 9RHIV 2IX[SVO " 'LERRIPW

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH GLERRIP -(
FMRH GLERRIP -( MJRYQ -RXIVJEGI2EQI

'SRJMKYVMRK 0MRO %KKVIKEXMSR [MXL 0%'4
;LIR 0%'4 MW GSRJMKYVIH XLI PMRO EKKVIKEXMSR GLERRIP MW GVIEXIH EYXSQEXMGEPP] 1EREKIQIRX SJ
XLI GLERRIP QIQFIVW SGGYVW EX XLI MRXIVJEGI PIZIP F] QSHMJ]MRK XLI 0%'4 TVSTIVXMIW SR IEGL
MRXIVJEGI 8LI 0%'4 WIXXMRKW QYWX FI GSRJMKYVIH XLI WEQI SR XLI MRXIVJEGIW ERH SR XLI W[MXGL TSVXW
XS [LMGL XLI 2IX7GEPIV MRXIVJEGIW EVI GSRRIGXIH
0%'4 GERRSX FI IREFPIH JSV MRXIVJEGIW XLEX EVI QIQFIVW SJ ER I\MWXMRK GLERRIP GVIEXIH QERYEPP]
;LIR 0%'4 MW IREFPIH XLI 2IX7GEPIV W]WXIQ GVIEXIW XLI GLERRIPW H]REQMGEPP] 0% ERH 0%
8S GSRXVSP [LMGL GLERRIP MRXIVJEGIW NSMR WTIGMJ] XLI 0%'4 OI] EW XS NSMR 0% ERH XS NSMR
0%
0%'4 GSRJMKYVEXMSRW RIIH XS FI GSRWMWXIRX EGVSWW EPP MRXIVJEGIW XLEX EVI QIQFIVW SJ XLI WEQI
GLERRIP FSXL SR XLI 2IX7GEPIV W]WXIQ ERH SR XLI HIZMGI XLI 2IX7GEPIV W]WXIQ MW GSRRIGXIH XS
'SRJMKYVEXMSR 9XMPMX] 9RHIV 2IX[SVO " -RXIVJEGIW

PSGEXMSR
'SQQERHPMRI W]RXE\
WIX MRXIVJEGI -( PEGT1SHI PEGT1SHI"
PEGT/I] ZEPYI" PEGT8MQISYX ZEPYI"
PEGT4VMSVMX] ZEPYI"

-RXIVRIX 'SRXVSP 1IWWEKI 4VSXSGSP
-RXIVRIX 'SRXVSP 1IWWEKI 4VSXSGSP -'14 QIWWEKIW EVI LERHPIH MR E YRMUYI QERRIV SR XLI
2IX7GEPIV W]WXIQ %W E VIWYPX SJ XLI WTIGMEPMÎH VSPI XLEX XLI 2IX7GEPIV W]WXIQ TPE]W MR XLI RIX[SVO
MX HSIW RSX VIWTSRH MR XVEHMXMSREP [E]W XS QSWX -'14 QIWWEKIW 8LI 2IX7GEPIV W]WXIQ SJXIR MKRSVIW
SV HVSTW -'14 IVVSV QIWWEKI XVEJJMG ERH JSV[EVHW -'14 TEGOIXW EHHVIWWIH XS MXW 1%' EHHVIWW -R
EHHMXMSR XLI 2IX7GEPIV W]WXIQ MKRSVIW -'14 TEGOIXW FI]SRH XLI TEGOIXW JSV IZIV] WIGSRH
XLVIWLSPH

4EXL 189 (MWGSZIV]
8LI TEXL QE\MQYQ XVERWQMWWMSR YRMX 189 MHIRXMJMIW XLI QE\MQYQ WMÎ SJ E TEGOIX XLEX [MPP FI
EGGITXIH F] E RIX[SVO HIZMGI 8LI JMKYVI WLS[W ER EREPSK] SJ 189 XS QE\MQYQ ZILMGPI [IMKLX
4EXL 189 HMWGSZIV] MW E QIXLSH MR [LMGL RIX[SVO HIZMGIW GER H]REQMGEPP] PIEVR XLI QE\MQYQ
XVERWQMWWMSR YRMX JSV E RIX[SVO TEXL ;MXL TEXL 189 HMWGSZIV] MRJSVQEXMSR VIKEVHMRK XLI
QE\MQYQ WIKQIRX WMÎ 177 XS YWI [MXL TEGOIXW MW GSQQYRMGEXIH JVSQ E VSYXIV YWMRK ER -'14
IVVSV QIWWEKI [LIR E 189 QMWQEXGL SGGYVW 4EXL 189 HMWGSZIV] MW HIJMRIH MR 6*'
;LIR RIX[SVO HIZMGIW VSYXI TEGOIXW FIX[IIR RIX[SVOW XVEJJMG GER QSZI XS E RIX[SVO XLEX LEW E
WQEPPIV 189 WMÎ XLER XLI RIX[SVO MR [LMGL MX SVMKMREXIH ;LIR XVEJJMG MW QSZIH XS E RIX[SVO [MXL
E WQEPPIV 189 WMÎ XLI RIX[SVO HIZMGI XLEX MW FVMHKMRK XLI X[S RIX[SVOW YWYEPP] E VSYXIV
JVEKQIRXW XLI TEGOIX EW RIIHIH WS XLEX XLI TEGOIX GER GSRXMRYI XS MXW HIWXMREXMSR 8LI TVSGIWW SJ
JVEKQIRXMRK TEGOIXW GER FI FIRIJMGMEP MR XLEX MX HIGVIEWIW VIXVERWQMWWMSR SJ HEXE FEWIH SR 189
GSRJPMGXW ,S[IZIV XLI TVSGIWW SJ VIWM^MRK TEGOIXW JVSQ E PEVKIV WMÎ XS E WQEPPIV WMÎ GER EHH
SZIVLIEH XS XLI VSYXIVW TIVJSVQMRK XLI JVEKQIRXEXMSR ERH GER EHH SZIVLIEH SR XLI VIGIMZMRK
WIVZIVW HYI XS XLI RIIH JSV XLI WIVZIVW XS VIEWWIQFPI XLI SVMKMREP TEGOIX JVSQ XLI JVEKQIRXW
-R SVHIV JSV E TEGOIX XS FI HIPMZIVIH MX QYWX FI EFPI XS JMX [MXLMR XLI EPPS[IH TEGOIX WMÎ HIJMRIH F]
XLI 189 SJ E RIX[SVO WIKQIRX ;LIR XLI TEGOIX WMÎ ERH XLI 189 EVI MR GSRJPMGX XLI 189

YWYEPP] GERRSX FI GLERKIH XLIVIJSVI IMXLIV XLI TEGOIX QYWX FI JVEKQIRXIH MR XVERWMX F] ER
MRXIVQIHMEV] RIX[SVO HIZMGI SV XLI SVMKMREXMRK HIZMGI QYWX WIRH XLI HEXE MR WQEPPIV TEGOIXW XS
GSVVIWTSRH XS XLI EPPS[IH 189
*VEKQIRXEXMSR SJ E TEGOIX GER FI TVIZIRXIH XLVSYKL XLI YWI SJ E (S 2SX *VEKQIRX JPEK MR XLI
TEGOIX XLMW JPEK MRHMGEXIW XLEX XLI SVMKMREXMRK ETTPMGEXMSR HSIW RSX [ERX XLI TEGOIX XS FI
JVEKQIRXIH
%W E VIWYPX MR WMXYEXMSRW MR [LMGL XLI TEGOIX GSRXEMRW E (S 2SX *VEKQIRX JPEK ERH MR [LMGL XLI
WMÎ SJ XLI TEGOIX FIMRK WIRX F] XLI SVMKMREXMRK ETTPMGEXMSR I\GIIHW XLI WMÎ SJ XLI 189 SJ YTWXVIEQ
HIZMGIW XLI RIX[SVO HIZMGI HIEPW [MXL XLI GSRJPMGX F] WIRHMRK E RSXMJMGEXMSR XS XLI SVMKMREXMRK
W]WXIQ XLEX MX QYWX WIRH XLI HEXE MR WQEPPIV TEGOIXW XS VIEGL XLI HIWXMREXMSR -R SXLIV [SVHW MJ XLI
TEGOIX GERRSX FI JVEKQIRXIH F] XLI RIX[SVO HIZMGI XLI RIX[SVO HIZMGI LEW XS KIX XLI SVMKMREXMRK
ETTPMGEXMSR XS QEOI XLI TEGOIX WQEPPIV XS FI GSQTEXMFPI [MXL SXLIV RIX[SVO WIKQIRXW XLEX LEZI
WQEPPIV 189W
2IX7GEPIV ERH PEXIV TVSZMHIW JYPP WYTTSVX JSV TEXL 189 QIWWEKIW 2IX7GEPIV TEVXMGMTEXMSR MR
TEXL 189 HMWGSZIV] MW GSRJMKYVEFPI F] IREFPMRK SV HMWEFPMRK XLI KPSFEP QSHI WIXXMRK &] IREFPMRK
TEXL 189 HMWGSZIV] XLI 2IX7GEPIV W]WXIQ [MPP QEREKI XLI WMÎ SJ XLI TEGOIX ERH TIVJSVQ
JVEKQIRXEXMSR MJ RIGIWWEV] ERH EPPS[IH

(]REQMG 6SYXMRK 7YTTSVX ERH 6SYXI ,IEPXL
-RNIGXMSR
8LI 2IX7GEPIV W]WXIQ WYTTSVXW FSXL H]REQMG ERH WXEXMG VSYXMRK &IGEYWI WMQTPI VSYXMRK MW RSX XLI
TVMQEV] VSPI SJ E 2IX7GEPIV W]WXIQ XLI QEMR SFNIGXMZI SJ VYRRMRK H]REQMG VSYXMRK TVSXSGSPW MW XS
IREFPI VSYXI LIEPXL MRNIGXMSR 6,- WS XLEX ER YTWXVIEQ VSYXIV GER GLSSWI XLI FIWX VSYXI EQSRK
QYPXMTPI VSYXIW XS E XSTSKVETLMGEPP] HMWXVMFYXIH ZMVXYEP WIVZIV
8LI 2IX7GEPIV W]WXIQ WYTTSVXW XLI JSPPS[MRK H]REQMG VSYXMRK TVSXSGSPW
y 6SYXMRK -RJSVQEXMSR 4VSXSGSP 6-4
y &SVHIV +EXI[E] 4VSXSGSP &+4
y 3TIR 7LSVXIWX 4EXL *MVWX 374*
6SYXI ,IEPXL -RNIGXMSR 6,-
y 7YTTSVXW H]REQMG VSYXMRK [MXL 6-4 &+4 ERH 374*
y %HZIVXMWIW SRP] EGXMZI IRXMXMIW
y %HZIVXMWIW ZMVXYEP -4 EHHVIWWIW FEWIH SR ZMVXYEP WIVZIV WXEXYW

6IZMI[
;LIR 97-4 QSHI MW IREFPIH JSV WIVZIV GSQQYRMGEXMSR [LMGL EHHVIWW MW YWIH MRWXIEH SJ E
1-4 SV 72-4 EHHVIWW#
E 'PMIRX -4 EHHVIWW
F :MVXYEP -4 EHHVIWW
G 72-4 EHHVIWW
H 7IVZIV -4 EHHVIWW
(IXIVQMRI MJ XLI JSPPS[MRK WXEXIQIRX MW XVYI SV JEPWI &] HIJEYPX XLI 2IX7GEPIV W]WXIQ STIVEXIW
MR PE]IV QSHI [LMGL TVSZMHIW E LMKLIV PIZIP SJ WIGYVMX] XLER PE]IV QSHI
E 8VYI
F *EPWI
;LMGL SJ XLI JSPPS[MRK WXEXIQIRXW VIKEVHMRK 0MRO %KKVIKEXMSR 'SRXVSP 4VSXSGSP 0%'4 MW
XVYI#
E ;LIR XLI WTIIH SJ SRI MRXIVJEGI MW QSVI XLER EHIUYEXI JSV XLI XVEJJMG JPS[ XLEX MW
QEREKIH F] XLI 2IX7GEPIV W]WXIQ 0%'4 MW YWIH
F ;LIR MRXIVJEGIW SR E 2IX7GEPIV W]WXIQ EVI GSQFMRIH XLI EKKVIKEXI PMRO WTIIH MW XLI
XSXEP WTIIH SJ XLI FSYRH TL]WMGEP MRXIVJEGIW
G 9T XS JMZI TL]WMGEP MRXIVJEGIW GER FI FSYRH XS E WMRKPI PMRO EKKVIKEXMSR GLERRIP
H ;LIR XLI TL]WMGEP MRXIVJEGIW EVI EHHIH XS E GLERRIP ERH EVI SJ HMJJIVMRK WTIIHW XLI]
STIVEXI EX XLI LMKLIWX GSQQSR WTIIH [LIR EKKVIKEXIH

1SHYPI
'SRJMKYVMRK ,MKL
%ZEMPEFMPMX]
3ZIVZMI[
;LIR X[S 2IX7GEPIV W]WXIQW EVI HITPS]IH MR ER IRZMVSRQIRX EW E GPYWXIV XLI] EVI VIJIVVIH XS EW E
LMKLEZEMPEFMPMX] TEMV 9WMRK E LMKLEZEMPEFMPMX] TEMV HITPS]QIRX IRWYVIW XLEX 2IX7GEPIVTVSZMHIH
WIVZMGIW EVI EP[E]W EZEMPEFPI IZIR MJ SRI W]WXIQ JEMPW
3FNIGXMZIW
y 'VIEXI E LMKLEZEMPEFMPMX] TEMV
y (MWEFPI MRXIVJEGIW
y )REFPI LMKLEZEMPEFMPMX] QSRMXSVMRK
y %WWMKR RSHI -(W
y :IVMJ] LMKLEZEMPEFMPMX] WXEXYW
y 4IVJSVQ W]RGLVSRMÊXMSR
y 4IVJSVQ E JSVGIH JEMPSZIV
y 9TKVEHI E LMKLEZEMPEFMPMX] TEMV
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 'SRJMKYVMRK ,MKL %ZEMPEFMPMX]

-RXVSHYGXMSR XS ,MKL %ZEMPEFMPMX]
-R E LMKLEZEMPEFMPMX] TEMV GSRJMKYVEXMSR SRP] SRI W]WXIQ MW EGXMZI 8LMW W]WXIQ [LMGL MW ORS[R EW
XLI TVMQEV] EGXMZIP] EGGITXW GSRRIGXMSRW ERH QEREKIW WIVZIVW %PP WLEVIH -4 EHHVIWWIW EVI EGXMZI SR
XLI TVMQEV] W]WXIQ SRP]
8LI WIGSRHEV] W]WXIQ QSRMXSVW XLI LIEPXL SJ XLI TVMQEV] W]WXIQ -J XLI WIGSRHEV] W]WXIQ MW MR E
LIEPXL] WXEXI MX MW VIEH] XS EGXMZIP] EGGITX GSRRIGXMSRW MJ XLI TVMQEV] W]WXIQ MW I\TIVMIRGMRK MWWYIW
8LMW TVSGIWW TVIZIRXW HS[RXMQI ERH IRWYVIW XLEX XLI WIVZMGIW TVSZMHIH F] XLI 2IX7GEPIV W]WXIQ
VIQEMRW EZEMPEFPI IZIR MJ SRI W]WXIQ GIEWIW XS JYRGXMSR
8LI XIVQW TVMQEV] ERH WIGSRHEV] VIJIV XS XLI GYVVIRX WXEXI SJ E RSHI [LMGL GER GLERKI EW RIX[SVO
GSRHMXMSRW GLERKI % [E] XS WTIGMJ] E TVIJIVIRGI JSV TVMQEV] WXEXYW SR IMXLIV RSHI EPWS ORS[R EW
TVIIQTXMSR HSIW RSX I\MWX
,MKLEZEMPEFMPMX] TEGOIXW EVI WIRX YRXEKKIH F] HIJEYPX [LMGL GER FI ER MWWYI [MXL E W[MXGL
XLEX LERHPIW XEKKIH TEGOIXW SRP]
,MKL %ZEMPEFMPMX] *YRGXMSREPMX]
1SHYPI 'SRJMKYVMRK ,MKL %ZEMPEFMPMX] 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
8LI JMKYVI WLS[W E X]TMGEP X[SEVQ LMKLEZEMPEFMPMX] GSRJMKYVEXMSR &SXL W]WXIQW MR E LMKL
EZEMPEFMPMX] TEMV I\GLERKI 9(4 LIEVXFIEX QIWWEKIW XLEX GSQQYRMGEXI XLI WXEXI SJ XLI SXLIV ERH
IRWYVI XLEX SRP] SRI YRMX MW XEOMRK XVEJJMG EX E XMQI 8LMW GSRJMKYVEXMSR MW ORS[R EW EGXMZITEWWMZI
,MKL EZEMPEFMPMX] HSIW RSX VIUYMVI JIEXYVI IREFPIQIRX LS[IZIV LMKL EZEMPEFMPMX] RIIHW XS FI
GSRJMKYVIH
-J E GSQTSRIRX SJ XLI TVMQEV] W]WXIQ JEMPW E QIWWEKI XS XLI WIGSRHEV] W]WXIQ MRWXVYGXW MX XS XEOI
SZIV EW XLI TVMQEV] W]WXIQ -J XLI WIGSRHEV] W]WXIQ HSIW RSX VIGIMZI E LIEVXFIEX QIWWEKI JVSQ XLI
TVMQEV] W]WXIQ EJXIV E WTIGMJMG MRXIVZEP SJ XMQI MX EYXSQEXMGEPP] EWWYQIW XLI TVMQEV] VSPI 8LMW
WGIREVMS MW ORS[R EW JEMPSZIV
8LVII LIEVXFIEX QIWWEKIW QYWX FI QMWWIH JSV E JEMPSZIV XS SGGYV ,MKLEZEMPEFMPMX]

LIEVXFIEX QIWWEKIW EVI WIRX IZIV] QMPPMWIGSRHW SR 9(4 TSVX
%JXIV E JEMPSZIV EPP GPMIRXW QYWX VIIWXEFPMWL XLIMV GSRRIGXMSRW XS XLI QEREKIH WIVZIVW FYX WIWWMSR
TIVWMWXIRGI XEFPIW EVI W]RGLVSRMÎH FIX[IIR XLI TVMQEV] ERH XLI WIGSRHEV] W]WXIQW LSRSVMRK XLI
TVIZMSYW TIVWMWXIRGI HIGMWMSR 6IJIV XS 'MXVM\ 2IX7GEPIV 2IX[SVOMRK +YMHI PSGEXIH EX
WYTTSVXGMXVM\GSQ JSV QSVI MRJSVQEXMSR SR 8'4 GSRRIGXMSR JEMPSZIV
2IMXLIV W]WXIQ MW GSRWMHIVIH TVMQEV] MJ XLI TVMQEV] RSHI I\TIVMIRGIW E JEMPYVI ERH
EXXIQTXW XS JEMPSZIV XS E WIGSRHEV] W]WXIQ XLEX MW RSX LIEPXL] 8LIVIJSVI MX MW TSWWMFPI JSV
FSXL W]WXIQW XS FI WIGSRHEV] EX XLI WEQI XMQI ERH JSV RIMXLIV W]WXIQ XS TVSGIWW XVEJJMG
,MKL %ZEMPEFMPMX] 2SHI 'SRJMKYVEXMSR
% TEMV SJ 2IX7GEPIV W]WXIQW QYWX FI GSRJMKYVIH XS FIGSQI E LMKLEZEMPEFMPMX] TEMV 8LI TVSGIWW JSV
GSRJMKYVMRK E LMKLEZEMPEFMPMX] TEMV MRZSPZIW JMVWX GSRJMKYVMRK XLI RSHI HIWMVIH XS FI TVMQEV] ERH
XLIR GSRJMKYVMRK XLI RSHI HIWMVIH XS FI WIGSRHEV]
% FIWX TVEGXMGI MW XS WIX XLI WXEXYW SJ XLI HIWMVIH WIGSRHEV] RSHI XS WXE] WIGSRHEV] [LIR RSHIW EVI
GSRJMKYVIH 8LMW TVEGXMGI IRWYVIW XLEX ER EGGMHIRXEP JEMPSZIV HSIW RSX SGGYV HYVMRK XLI
GSRJMKYVEXMSR TVSGIWW VIWYPXMRK MR GLERKIW FIMRK QEHI XS XLI WIGSRHEV] VEXLIV XLER XLI TVMQEV]
RSHI %R] GLERKIW XLEX EVI QEHI XS XLI WIGSRHEV] RSHI EVI RSX TVSTEKEXIH XS XLI TVMQEV] RSHI
=SY WLSYPH RSX YWI 2IX7GEPIV :0%2W [LIR GSRJMKYVMRK LMKL EZEMPEFMPMX] FIGEYWI MX PMQMXW
XLI 27-4 EHHVIWW WYFRIX 8LI 27-4 EHHVIWW WYFRIX WLSYPH FI EZEMPEFPI SR EPP MRXIVJEGIW
HYVMRK LMKLEZEMPEFMPMX] GSRJMKYVEXMSR
-R E LMKLEZEMPEFMPMX] GSRJMKYVEXMSR ]SY GER HIWMKREXI [LMGL MRXIVJEGIW XS QSRMXSV JSV JEMPMRK
IZIRXW % JEMPSZIV SGGYVW [LIR ER] LMKLEZEMPEFMPMX] QSRMXSVIH MRXIVJEGI KSIW HS[R -J E TEVXMGYPEV
MRXIVJEGI MW RSX FIMRK YWIH SV MJ E JEMPSZIV MW RSX VIUYMVIH YTSR JEMPYVI XLI LMKLEZEMPEFMPMX] QSRMXSV
WLSYPH FI HMWEFPIH
-J ER MRXIVJEGI MW RSX KSMRK XS FI YWIH EX EPP E FIWX TVEGXMGI MW XS HMWEFPI MX ERH XYVR SJJ XLI
EWWSGMEXIH LMKLEZEMPEFMPMX] QSRMXSV
4VI'SRJMKYVEXMSR 'LIGOPMWX
&IJSVI GSRJMKYVMRK LMKLEZEMPEFMPMX]TEMV RSHIW
y )RWYVI XLEX XLI 27-4 EHHVIWWIW JSV XLI TVMQEV] ERH XLI WIGSRHEV] RSHIW EVI YRMUYI JVSQ ER]
SXLIV HIZMGI SR XLI RIX[SVO
8LI 27-4 EHHVIWW GER FI GLERKIH YWMRK XLI WIX RW GSRJMK GSQQERH [LMGL VIUYMVIW E VIWXEVX
y )RWYVI -4 EHHVIWW GSRJPMGXW GER FI ZMI[IH MR XLI WLIPP [MXL XLI HQIWK GSQQERH
;LMPI XLI 64' RSHI TEWW[SVH QYWX FI MHIRXMGEP MR E LMKLEZEMPEFMPMX] GSRJMKYVEXMSR XLI
RWVSSX TEWW[SVH SR FSXL W]WXIQW HSIW RSX LEZI XS FI XLI WEQI
:MVXYEP 1IHME %GGIWW 'SRXVSP %HHVIWW

8LI TVMQEV] ERH WIGSRHEV] RSHIW MR E LMKLEZEMPEFMPMX] WIXYT WLEVI XLI WEQI ZMVXYEP QIHME EGGIWW
GSRXVSP :1%' EHHVIWW 8LI TVMQEV] RSHI S[RW JPSEXMRK -4 EHHVIWWIW WYGL EW XLI 1-4 72-4 ERH
:-4 EHHVIWWIW ERH VIWTSRHW XS EHHVIWW VIWSPYXMSR TVSXSGSP %64 VIUYIWXW [MXL MXW S[R 1%'
EHHVIWW 8LIVIJSVI XLI %64 XEFPI SJ ER I\XIVREP HIZMGI WYGL EW ER YTWXVIEQ VSYXIV MW YTHEXIH [MXL
XLI JPSEXMRK -4 EHHVIWW ERH XLI 1%' EHHVIWW SJ XLI TVMQEV] RSHI
8LI :1%' QYWX FI GSRJMKYVIH SR FSXL RSHIW SJ E LMKLEZEMPEFMPMX] TEMV [MXL FSXL RSHIW LEZMRK
MHIRXMGEP 1%' EHHVIWWIW ;LIR E JEMPSZIV SGGYVW XLI 1%' EHHVIWW SJ XLI WIGSRHEV] RSHI VIQEMRW
YRGLERKIH ERH XLI %64 XEFPIW SR XLI I\XIVREP HIZMGIW HS RSX RIIH XS FI YTHEXIH
;LIR E JEMPSZIV SGGYVW ERH XLI WIGSRHEV] RSHI XEOIW SZIV EW XLI RI[ TVMQEV] RSHI MX YWIW XLI
KVEXYMXSYW EHHVIWW VIWSPYXMSR TVSXSGSP +%64 XS EHZIVXMWI XLI JPSEXMRK -4 EHHVIWWIW XLEX MX PIEVRW
JVSQ XLI TVMQEV] RSHI 8LI 1%' EHHVIWW XLEX XLI RI[ TVMQEV] RSHI EHZIVXMWIW MW XLI 1%'
EHHVIWW SJ MXW S[R RIX[SVO MRXIVJEGI &IGEYWI WSQI HIZMGIW HS RSX EGGITX +%64 QIWWEKIW XLI
I\XIVREP HIZMGIW VIXEMR XLI -4 EHHVIWWXS1%' EHHVIWW QETTMRK XLEX XLI SPH TVMQEV] RSHI JSVQIVP]
EHZIVXMWIH [LMGL QE] VIWYPX MR E +70& WMXI FIGSQMRK YREZEMPEFPI JSV XLSWI RIX[SVOW
'SRJMKYVMRK 4VMQEV] ERH 7IGSRHEV] 2SHIW

=SY GER YWI XLI JSPPS[MRK TVSGIHYVI XS GSRJMKYVI XLI TVMQEV] ERH WIGSRHEV] RSHIW YWMRK XLI
'SRJMKYVEXMSR 9XMPMX] SV XLI GSQQERHPMRI MRXIVJEGI
(MWEFPI XLI MRXIVJEGIW XLEX EVI RSX GSRRIGXIH SV FIMRK YWIH JSV XVEJJMG
(MWEFPI QSRMXSVMRK JSV XLI MRXIVJEGIW [LSWI JEMPYVI WLSYPH RSX GEYWI E LMKLEZEMPEFMPMX] QSHI
JEMPSZIV
%WWMKR E RSHI -( XS IEGL 2IX7GEPIV W]WXIQ
7EZI XLI GSRJMKYVEXMSR
&IJSVI X[S RSHIW EVI EFPI XS JYRGXMSR MR E LMKLEZEMPEFMPMX] TEMV XLI] QYWX JMVWX FI QEHI E[EVI
SJ IEGL SXLIV
=SY NSMR E RI[ 2IX7GEPIV W]WXIQ [MXL ER I\MWXMRK W]WXIQ XS JSVQ E LMKLEZEMPEFMPMX] TEMV
FIGEYWI MX MW E FIWX TVEGXMGI XS IREFPI WXE] WIGSRHEV] WXEXYW SR XLI RI[ W]WXIQ -J WXE] WIGSRHEV]
WXEXYW MW RSX IREFPIH HYVMRK LMKLEZEMPEFMPMX] GSRJMKYVEXMSR XLI RI[ W]WXIQ QE] FI IPIGXIH XS
FIGSQI XLI TVMQEV] RSHI ERH XLI GSRJMKYVEXMSR WIXXMRKW SR XLI I\MWXMRK W]WXIQ EVI VITPEGIH
[MXL XLI WIXXMRKW X]TMGEPP] E FPERO GSRJMKYVEXMSR SR XLI RI[ W]WXIQ
;LIR WXE] WIGSRHEV] WXEXYW MW IREFPIH SR XLI RI[ W]WXIQ XLI I\MWXMRK W]WXIQ FIGSQIW XLI
TVMQEV] RSHI MJ MX TEWWIW MXW LIEPXL GLIGOW ERH MXW GSRJMKYVEXMSR WIXXMRKW EVI W]RGLVSRMÎH [MXL
XLI RI[ W]WXIQ
,MKL%ZEMPEFMPMX] 7XEXYW
%JXIV X[S 2IX7GEPIV W]WXIQW MR E LMKLEZEMPEFMPMX] TEMV LEZI FIIR GSRJMKYVIH MX MW MQTSVXERX XS
ZIVMJ] XLI WXEXYW SJ IEGL RSHI XS IRWYVI XLEX XLI W]WXIQ MW TVITEVIH MR GEWI SJ JEMPSZIV *SV IEGL
RSHI XLI RSHI WXEXI WLSYPH FI 94 ERH XLI QEWXIV WXEXI WLSYPH FI IMXLIV TVMQEV] SV WIGSRHEV] EW
ETTVSTVMEXI =SY WLSYPH GLIGO XLEX XLI W]RG WXEXI WLS[W WYGGIWW SR XLI WIGSRHEV] RSHI FIGEYWI MX
ZIVMJMIW XLI WYGGIWWJYP GSQTPIXMSR SJ XLI GSRJMKYVEXMSR W]RGLVSRMÊXMSR TVSGIWW
:IVMJ]MRK 7XEXYW SR XLI %TTPMERGI
-R EHHMXMSR XS GLIGOMRK XLI QEWXIV WXEXYW SJ E RSHI VIQSXIP] YWMRK IMXLIV XLI 'SRJMKYVEXMSR 9XMPMX]
SV XLI GSQQERHPMRI MRXIVJEGI ]SY GER VIJIV XS XLI 2IX7GEPIV ETTPMERGI [LMGL HMWTPE]W XLI WXEXYW
SR XLI 'SRJMKYVEXMSR (MWTPE] SR XLI 0'( EW WLS[R MR XLI JMKYVI
4VSTEKEXMSR ERH 7]RGLVSRMÊXMSR
'SQQERH TVSTEKEXMSR IREFPIH F] HIJEYPX GEYWIW ER] GSQQERH MWWYIH SR XLI TVMQEV] RSHI XS
I\IGYXI SR XLI WIGSRHEV] RSHI 'SRWIUYIRXP] ]SY GER XIWX MJ LMKL EZEMPEFMPMX] MW [SVOMRK F] QEOMRK
GSRJMKYVEXMSR GLERKIW XS XLI TVMQEV] RSHI ERH XLIR XIWXMRK XS WII MJ XLI GLERKIW LEZI TVSTEKEXIH
XS XLI WIGSRHEV] RSHI
'SRJMKYVEXMSR W]RGLVSRMÊXMSR SGGYVW [LIR E RSHI GSQIW YT JSV XLI JMVWX XMQI MR E WIGSRHEV] WXEXI
8LI WIGSRHEV] RSHI TYPPW XLI GSRJMKYVEXMSR JVSQ XLI TVMQEV] RSHI ERH SZIV[VMXIW MXW I\MWXMRK
GSRJMKYVEXMSR
-R EHHMXMSR XS EYXSQEXMG GSRJMKYVEXMSR W]RGLVSRMÊXMSR JSVGIH W]RGLVSRMÊXMSR FIX[IIR X[S RSHIW
MW EPWS WYTTSVXIH *SVGIH W]RGLVSRMÊXMSR MW YWIH [LIRIZIV ]SY [ERX XS IRWYVI XLEX GLERKIW QEHI
XS E 2IX7GEPIV GSRJMKYVEXMSR EVI XVERWJIVVIH JVSQ XLI TVMQEV] XS XLI WIGSRHEV] W]WXIQ *SV
I\EQTPI MJ E RIX[SVO MRXIVVYTXMSR SGGYVW ERH XLI W]WXIQW EVI YREFPI XS GSQQYRMGEXI E JSVGIH
W]RGLVSRMÊXMSR IRWYVIW XLEX ER] GLERKIW QEHI HYVMRK XLI MRXIVVYTXMSR EVI TVIWIRX SR FSXL
W]WXIQW
-J XLI RSHIW MR E LMKLEZEMPEFMPMX] TEMV EVI VYRRMRK HMJJIVIRX ZIVWMSRW SJ XLI 2IX7GEPIV STIVEXMRK
W]WXIQ XLI RSHI VYRRMRK XLI RI[IWX WSJX[EVI ZIVWMSR KSIW MRXS PMWXIR QSHI EW SJ VIPIEWI ERH
PEXIV ;LIR E RSHI MW MR PMWXIR QSHI RIMXLIV GSQQERH TVSTEKEXMSR RSV GSRJMKYVEXMSR
W]RGLVSRMÊXMSR SGGYVW
y 'LERKIW QEHI YWMRK XLI GSRJMK RW GSQQERH MR XLI GSQQERHPMRI MRXIVJEGI EVI RSX
TVSTEKEXIH %R] GSRJMKYVEXMSRW QEHI YWMRK XLMW GSQQERH QYWX FI TIVJSVQIH SR IEGL RSHI
WITEVEXIP]
y ,MKLEZEMPEFMPMX] GSRJMKYVEXMSR W]RGLVSRMÊXMSR SGGYVW SR 8'4 TSVX
y 'SQQERH TVSTEKEXMSR FIX[IIR XLI TVMQEV] ERH WIGSRHEV] SGGYVW SR 8'4 TSVX
y 8LI LIEVXFIEX QIWWEKIW EVI 9(4 TEGOIXW WIRX XS TSVX SJ XLI SXLIV RSHI MR E LMKL
EZEMPEFMPMX] TEMV
y 7IGYVI LMKLEZEMPEFMPMX] GSRJMKYVEXMSR W]RGLVSRMÊXMSR SGGYVW SR 8'4 TSVX
(MWEFPMRK 'SQQERH 4VSTEKEXMSR

-R WSQI GEWIW GSQQERH TVSTEKEXMSR QE] RSX FI HIWMVIH
*SV I\EQTPI MJ ]SY QEOI GLERKIW XS XLI W]WXIQ GSRJMKYVEXMSR XLEX GEYWIW TVSFPIQW XLI GLERKIW
EVI EPWS QEHI XS XLI WIGSRHEV] RSHI MJ GSQQERH TVSTEKEXMSR MW IREFPIH ;LIR GSQQERH
TVSTEKEXMSR MW HMWEFPIH ]SY GER JMVWX QEOI GLERKIW SR XLI TVMQEV] RSHI 3RGI XLI GSRJMKYVEXMSR MW
GSQTPIXIH ERH MW ZIVMJMIH XS FI JYRGXMSRMRK TVSTIVP] ]SY GER YWI XLI JSVGI LE W]RG GSQQERH XS
IRWYVI XLEX XLI GLERKIW TVSTEKEXI XS XLI WIGSRHEV] RSHI
%YXSQEXMG 'SRJMKYVEXMSR 7]RGLVSRMÊXMSR
&] HIJEYPX GSRJMKYVEXMSR W]RGLVSRMÊXMSR FIX[IIR XLI W]WXIQW MR E LMKLEZEMPEFMPMX] TEMV SGGYVW
EYXSQEXMGEPP] 'SRJMKYVEXMSR W]RGLVSRMÊXMSR SGGYVW [LIR
y % RSHI JMVWX GSQIW YT MR XLI WIGSRHEV] WXEXI
y % JEMPSZIV IZIRX SGGYVW
y % JSVGIH W]RGLVSRMÊXMSR MW MWWYIH
;LIR E WEZI GSRJMKYVEXMSR MW MWWYIH SR XLI TVMQEV] W]WXIQ XLI VYRRMRK GSRJMKYVEXMSR SR FSXL
W]WXIQW MW WEZIH JVSQ QIQSV] XS XLI RWGSRJ JMPI SR XLI JPEWL HVMZI -R WSQI GEWIW EYXSQEXMG
W]RGLVSRMÊXMSR QE] RSX FI HIWMVIH
*SV I\EQTPI MJ ]SY EVI XIWXMRK X[S HMJJIVIRX GSRJMKYVEXMSRW MR E LMKLEZEMPEFMPMX] TEMV XLI GLERKIW
EVI EPWS QEHI XS XLI WIGSRHEV] RSHI MJ GSRJMKYVEXMSR W]RGLVSRMÊXMSR MW IREFPIH ;LIR
GSRJMKYVEXMSR W]RGLVSRMÊXMSR MW HMWEFPIH ]SY GER JMVWX QEOI GLERKIW SR XLI TVMQEV] RSHI ERH
XLIR QEOI GLERKIW SR XLI WIGSRHEV] RSHI =SY GER WXMPP JEMPSZIV XS XLI WIGSRHEV] RSHI [MXL XLI
SVMKMREP GSRJMKYVEXMSR SR XLI TVMQEV] RSHI
3RGI XLI GSRJMKYVEXMSR MW GSQTPIXIH ERH MW JYRGXMSRMRK TVSTIVP] ]SY GER YWI XLI JSVGI LE W]RG
GSQQERH XS IRWYVI XLEX XLI GLERKIW W]RGLVSRMÎ XS XLI WIGSRHEV] RSHI
*SVGIH 7]RGLVSRMÊXMSR
*SVGIH W]RGLVSRMÊXMSR GER FI TIVJSVQIH SR IMXLIV XLI TVMQEV] SV XLI WIGSRHEV] RSHI LS[IZIV MJ
W]RGLVSRMÊXMSR MW EPVIEH] MR TVSKVIWW XLI GSQQERH JEMPW ERH E [EVRMRK QIWWEKI MW HMWTPE]IH
&IJSVI TIVJSVQMRK E JSVGIH W]RGLVSRMÊXMSR ]SY QYWX WEZI XLI GSRJMKYVEXMSR FIGEYWI XLI
WEZIH GSRJMKYVEXMSR MW GSTMIH SZIV FYX RSX XLI VYRRMRK GSRJMKYVEXMSR
8LI WEZIH GSRJMKYVEXMSR JMPI MW XLI RWGSRJ JMPI 8LI VYRRMRK GSRJMKYVEXMSR MW WXSVIH MR QIQSV] ERH
QE] GSRXEMR YRWEZIH GSRJMKYVEXMSR GLERKIW
*SVGIH W]RGLVSRMÊXMSR [MPP EPWS JEMP [LIR MX MW I\IGYXIH MR XLI JSPPS[MRK GMVGYQWXERGIW
y 3R E WXERHEPSRI 2IX7GEPIV W]WXIQ
y 3R E 2IX7GEPIV W]WXIQ XLEX LEW LMKL EZEMPEFMPMX] HMWEFPIH
y 3R E 2IX7GEPIV W]WXIQ XLEX LEW LMKLEZEMPEFMPMX] W]RGLVSRMÊXMSR HMWEFPIH
8LI (32) QIWWEKI XLEX MW HMWTPE]IH EJXIV XLI JSVGI LE W]RG GSQQERH MW I\IGYXIH HSIW
RSX MRHMGEXI XLEX W]RGLVSRMÊXMSR LEW FIIR WYGGIWWJYP 8S ZIVMJ] XLEX W]RGLVSRMÊXMSR MW
WYGGIWWJYP I\IGYXI XLI WLS[ RSHI GSQQERH XS ZIVMJ] XLEX XLI GSRJMKYVEXMSRW SR FSXL
RSHIW EVI XLI WEQI
4IVJSVQMRK E *SVGIH *EMPSZIV
;LIR E JEMPSZIV SGGYVW FIGEYWI XLI TVMQEV] RSHI JEMPW XLI TVMQEV] RSHI FIGSQIW WIGSRHEV] ERH
XLI WIGSRHEV] RSHI FIGSQIW TVMQEV] % JSVGIH JEMPSZIV MW ER EHQMRMWXVEXMZIP] MRMXMEXIH JEMPSZIV SR E
RSHI XLEX TVSHYGIW XLI WEQI VIWYPXW % JSVGIH JEMPSZIV MW HIWMVIH MJ ]SY [ERX XS XIWX [LIXLIV E LMKL
EZEMPEFMPMX] TEMV GSRJMKYVEXMSR MW TIVJSVQMRK GSVVIGXP] SV XS VITPEGI SV YTKVEHI XLI TVMQEV] RSHI
*SVGIH JEMPSZIV MW TIVJSVQIH MR XLI 'SRJMKYVEXMSR 9XMPMX] SV [MXL XLI JSVGI LE JEMPSZIV GSQQERH MR
XLI GSQQERHPMRI MRXIVJEGI
8LI GSQQERH GER FI MWWYIH SR IMXLIV XLI TVMQEV] SV XLI WIGSRHEV] RSHI % JSVGIH JEMPSZIV [MPP
[SVO SRP] [LIR
y 8LI TVMQEV] RSHI MW EFPI XS HIXIVQMRI XLEX XLI WXEXYW SJ XLI WIGSRHEV] RSHI MW 94
y 8LI LIEPXL SJ XLI WIGSRHEV] RSHI MW KSSH
y 8LI WIGSRHEV] RSHI MW RSX GSRJMKYVIH XS WXE] WIGSRHEV]
4IVJSVQMRK E JSVGIH JEMPSZIV JVSQ XLI 'SRJMKYVEXMSR 9XMPMX] QE] GEYWI XLI GPMIRX XS PSWI
GSRRIGXMZMX] [MXL XLI 2IX7GEPIV W]WXIQ % FIWX TVEGXMGI MW XS TIVJSVQ E JSVGIH JEMPSZIV MR
,MKL %ZEMPEFMPMX] 1EREKIQIRX
;LMPI E LMKLEZEMPEFMPMX] TEMV GER FI QEREKIH YWMRK XLI YRMUYI 27-4 EHHVIWWIW EWWMKRIH XS IEGL
RSHI HYVMRK MRMXMEP GSRJMKYVEXMSR E FIWX TVEGXMGI MW XS QEREKI XLI TEMV YWMRK IMXLIV E 1-4 SV 72-4
EHHVIWW ;LIR E WLEVIH -4 EHHVIWW MW YWIH XS GSRRIGX XS IMXLIV XLI GSQQERHPMRI MRXIVJEGI SV XLI
'SRJMKYVEXMSR 9XMPMX] XLI GSRRIGXMSR MW QEHI XS XLI TVMQEV] RSHI MR XLI TEMV -J E JEMPSZIV SGGYVW
XLI WIGSRHEV] RSHI FIGSQIW TVMQEV] ERH XLI WEQI 1-4 SV 72-4 EHHVIWW XLIR GSRRIGXW XS XLI RI[
TVMQEV] RSHI 9WMRK E 1-4 SV 72-4 EHHVIWW MW EPWS LIPTJYP [LIR ]SY RIIH XS TIVJSVQ
GSRJMKYVEXMSRW JVSQ E WYFRIX HMJJIVIRX JVSQ XLEX SJ XLI LMKLEZEMPEFMPMX] TEMV
)ZIV] 2IX7GEPIV W]WXIQ MW EWWMKRIH E 1-4 EHHVIWW SV E VERKI SJ 1-4 EHHVIWWIW HYVMRK MRMXMEP
GSRJMKYVEXMSR LS[IZIV QEREKIQIRX EGGIWW QYWX FI IREFPIH SR XLI 1-4 SV 72-4 EHHVIWW FIJSVI MX
GER FI YWIH XS QEREKI E LMKLEZEMPEFMPMX] TEMV
% FIWX TVEGXMGI MW XS WIGYVI QEREKIQIRX EGGIWW MR XLI 2IX7GEPIV W]WXIQ
9TKVEHMRK E ,MKL %ZEMPEFMPMX] 4EMV

;LIR XLI RSHIW SJ E LMKLEZEMPEFMPMX] TEMV EVI VYRRMRK HMJJIVIRX ZIVWMSRW SJ XLI W]WXIQ WSJX[EVI XLI
RSHI VYRRMRK XLI RI[IWX ZIVWMSR KSIW MRXS PMWXIR QSHI ;LIR E RSHI MW MR PMWXIR QSHI RIMXLIV
TVSTEKEXMSR RSV W]RGLVSRMÊXMSR SGGYVW
0MWXIR QSHI MW YWIH MJ ]SY [ERX XS XIWX XLI RI[IWX WSJX[EVI ZIVWMSR SR SRI RSHI FIJSVI YTKVEHMRK
XLI WIGSRH RSHI 8S GSRHYGX WYGL E XIWX ]SY TIVJSVQ E JSVGIH JEMPSZIV SR XLI YTKVEHIH W]WXIQ
GEYWMRK MX XS XEOI SZIV EW XLI TVMQEV] RSHI ;LIR E JSVGIH JEMPSZIV SGGYVW RIMXLIV TVSTEKEXMSR RSV
W]RGLVSRMÊXMSR SGGYVW ERH EPP GSRRIGXMSRW RIIH XS FI VIIWXEFPMWLIH
6IZMI[
(IXIVQMRI MJ XLI WXEXIQIRX MW XVYI SV JEPWI -R E LMKLEZEMPEFMPMX] TEMV [LIR XLI TVMQEV] RSHI
I\TIVMIRGIW E JEMPYVI ERH EXXIQTXW XS JEMPSZIV XS E WIGSRHEV] W]WXIQ XLEX MW RSX LIEPXL] XLI
TVMQEV] RSHI WXE]W EW XLI TVMQEV]
E 8VYI
F *EPWI
;LMGL X[S -4 EHHVIWW X]TIW LEZI XLI STXMSR XS IREFPI QEREKIQIRX EGGIWW# 'LSSWI X[S
E 27-4 EHHVIWW
F 1-4 EHHVIWW
G :-4 EHHVIWW
H 97-4 EHHVIWW
I 72-4 EHHVIWW
&IJSVI X[S RSHIW EVI EFPI XS JYRGXMSR MR E LMKLEZEMPEFMPMX] TEMV LS[ EVI XLI] QEHI E[EVI SJ
IEGL SXLIV MR XLI GSQQERHPMRI MRXIVJEGI#
E &] MWWYMRK XLI W]RG GSQQERH JVSQ XLI TVMQEV] W]WXIQ
F &] MWWYMRK XLI W]RG GSQQERH JVSQ XLI WIGSRHEV] W]WXIQ
G &] MWWYMRK XLI EHH RSHI GSQQERH SR IEGL RSHI SJ XLI TEMV
H &] MWWYMRK XLI WIX RSHI GSQQERH SR IEGL RSHI SJ XLI TEMV
;LMGL WXEXIQIRX VIJIVW XS E HIJEYPX LMKLEZEMPEFMPMX] WIXXMRK#
E -R E LMKLEZEMPEFMPMX] TEMV QEREKIQIRX EGGIWW ERH GSQQYRMGEXMSR EVI WIGYVIH
XLVSYKL 770
F 7]RGLVSRMÊXMSR FIX[IIR XLI W]WXIQW MR E LMKLEZEMPEFMPMX] TEMV LEW XS FI IREFPIH EJXIV
XLI RSHIW EVI GSRRIGXIH
G -R E LMKLEZEMPEFMPMX] TEMV FSXL XLI TVMQEV] ERH XLI WIGSRHEV] 2IX7GEPIV W]WXIQW
EGXMZIP] EGGITX GSRRIGXMSRW ERH QEREKI WIVZIVW
H ;LIR XLI RSHIW SJ E LMKLEZEMPEFMPMX] TEMV EVI VYRRMRK HMJJIVIRX ZIVWMSRW SJ XLI W]WXIQ
WSJX[EVI XLI RSHI VYRRMRK XLI RI[IWX ZIVWMSR KSIW MRXS PMWXIR QSHI
1SHYPI
7IGYVMRK XLI 2IX7GEPIV

7]WXIQ
3ZIVZMI[
7IGYVMRK EGGIWW XS XLI 2IX7GEPIV W]WXIQ VIUYMVIW E HIXEMPIH YRHIVWXERHMRK SJ 2IX7GEPIV MRXIVREP ERH
I\XIVREP GSQQYRMGEXMSRW 6IKYPEXMRK XLSWI GSQQYRMGEXMSRW EPSRK [MXL W]WXIQ EGGIWW GER FI HSRI
XLVSYKL XLI YWI SJ EGGIWW GSRXVSP PMWXW
3FNIGXMZIW
y (IWMKR EGGIWW GSRXVSP PMWXW XS WIGYVI 2IX7GEPIV GSQQYRMGEXMSRW
y 7IGYVI MRXIVREP ERH I\XIVREP 2IX7GEPIV GSQQYRMGEXMSRW
y 7IGYVI EGGIWW XS XLI 2IX7GEPIV W]WXIQ XLVSYKL EYXLIRXMGEXMSR EYXLSVMÊXMSR ERH EYHMXMRK
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ
2IX7GEPIV 7]WXIQ 'SQQYRMGEXMSR
8S WIGYVI 2IX7GEPIV W]WXIQ GSQQYRMGEXMSR ]SY QYWX JMVWX YRHIVWXERH XLI I\XIVREP ERH XLI MRXIVREP
GSQQYRMGEXMSR XLEX SGGYVW [LIR XLI 2IX7GEPIV W]WXIQ MW HITPS]IH
-RPMRI 8STSPSK] =SY RIIH XS GSRWMHIV FSXL XLI XSTSPSK] SJ XLI RIX[SVO ERH XLI
GSQQYRMGEXMSR XLEX RIIHW XS XEOI TPEGI SR XLI 2IX7GEPIV W]WXIQ
FIJSVI GSQQYRMGEXMSR GER FI WIGYVIH
-RPMRI XSTSPSK] HITPS]QIRX MW E FIWX TVEGXMGI JSV WIGYVMRK XLI
2IX7GEPIV W]WXIQ -X MW MQTSVXERX XS GSRWMHIV :MVXYEP 0SGEP %VIE
2IX[SVO :0%2 GVIEXMSR [LIR WIGYVMRK E 2IX7GEPIV W]WXIQ
2IX7GEPIV 3TIVEXMSR 0E]IV 2IX7GEPIV GSQQYRMGEXMSR X]TIW ERH PE]IVW QYWX FI WIGYVIH 8LI
2IX7GEPIV W]WXIQ YWIW PE]IV JSV MRXIVREP I\XIVREP ERH
QEREKIQIRX GSQQYRMGEXMSR %GGIWW GSRXVSP PMWXW EPWS GSQQYRMGEXI
SR PE]IV PE]IV ERH PE]IV
2IX7GEPIV 'SQQYRMGEXMSR 8]TIW

8]TMGEP GSQQYRMGEXMSR X]TIW MRGPYHI
7]WXIQXSW]WXIQ ,MKL EZEMPEFMPMX] MW E X]TI SJ W]WXIQXSW]WXIQ GSQQYRMGEXMSR

GSQQYRMGEXMSR ,MKLEZEMPEFMPMX] GSQQYRMGEXMSR SGGYVW F] HIJEYPX SR 8'4 TSVX
ERH ,MKLEZEMPEFMPMX] GSQQYRMGEXMSR MW WIGYVI SR 8'4
TSVX ERH ERH MW YWIH JSV GSQQERH W]RGLVSRMÊXMSR ERH
GSQQERH TVSTEKEXMSR 9(4 TSVX MW YWIH JSV XLI LMKL
EZEMPEFMPMX] LIEVXFIEX ERH MW E LIEPXLGLIGO MRHYWXV] WXERHEVH
+70& MW E X]TI SJ W]WXIQXSW]WXIQ GSQQYRMGEXMSR XLEX SGGYVW F]
HIJEYPX SR 8'4 TSVX +70& GSQQYRMGEXMSR MW WIGYVI SR 8'4
TSVX ERH MW YWIH JSV +70& QIXVMG I\GLERKI TVSXSGSP
GSQQYRMGEXMSR
1SHYPI 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
1EREKIQIRX 8LI GSQQERHPMRI MRXIVJEGI MW E X]TI SJ QEREKIQIRX
GSQQYRMGEXMSR GSQQYRMGEXMSR MRZSPZMRK 77, SR 8'4 TSVX 7IGYVI 8IPRIX 8LI
GSQQERHPMRI MRXIVJEGI MW EGGIWWIH XLVSYKL 8IPRIX SR 8'4 TSVX
[LMGL MW RSX WIGYVI ERH MW HMWEFPIH F] HIJEYPX
8LI 'SRJMKYVEXMSR 9XMPMX] ERH +9- EVI E X]TI SJ QEREKIQIRX
GSQQYRMGEXMSR XLEX MRGPYHIW XLI JVSRXIRH ERH XLI .EZE ETTPIX 8LI
JVSRXIRH MW SR 8'4 TSVX [LMGL MW XLI HIJEYPX TSVX -X MW WIGYVI
SR 8'4 TSVX 8LI .EZE ETTPIX MW SR 8'4 TSVX [LMGL MW XLI
HIJEYPX TSVX -X MW WIGYVI SR 8'4 TSVX
7214 VIUYIWX ERH 7214 VIUYIWX ERH VIWTSRWI XVEJJMG TSPPMRK MW E X]TI SJ
VIWTSRWI XVEJJMG GSQQYRMGEXMSR XLEX SGGYVW SR 9(4 TSVX 73%4 <10 %4-
GSQQYRMGEXMSR SGGYVW SR 8'4 TSVX YWMRK ,884 ERH MX MW WIGYVI SR 8'4 TSVX
YWMRK ,8847
% FIWX TVEGXMGI MW XS PMQMX GSQQYRMGEXMSR XS XLI 27-4
EHHVIWW XS QEREKIQIRX EGGIWW
4SVX 8]TI 9WI 7IGYVI

8'4 ,884 77, 2SRWIGYVI
8'4 ,884 +9- [IF JVSRX IRH 2SRWIGYVI

<10%4-
9(4 ,884 7214 2SRWIGYVI

VIUYIWXVIWTSRWI XVEJJMG
TSPPMRK
9(4 ,884 7214 XVETW 2SRWIGYVI
8'4 ,8847 +9- [IF JVSRX IRH 7IGYVI

<10%4-
9(4 ,884 ,% ,IEVXFIEX 2SRWIGYVI
8'4 ,8847 +9- .EZE ETTPIX ,% 7IGYVI

'SQQYRMGEXMSR
8'4 ,8847 ,% 'SQQYRMGEXMSR 7IGYVI

+70& 1)4
GSQQYRMGEXMSR
4SVX 8]TI 9WI 7IGYVI
8'4 ,884 +9- .EZE ETTPIX ,% 2SRWIGYVI
'SQQYRMGEXMSR
8'4 ,884 ,% 'SQQYRMGEXMSR 2SRWIGYVI

+70& 1)4
GSQQYRMGEXMSR
7IGYVMX] 4EVEQIXIV 'SQTSRIRXW

8LI GSQTSRIRXW XLEX EVI RIGIWWEV] [LIR GSRJMKYVMRK WIGYVMX] TEVEQIXIVW SR E 2IX7GEPIV W]WXIQ EVI
EGGIWW EYXLIRXMGEXMSR EYXLSVMÊXMSR ERH EGGSYRXMRK
%GGIWW 0MQMXW F] RIX[SVO XLI EFMPMX] XS EGGIWW XLI HIZMGIW F] TVSXSGSP
%YXLIRXMGEXMSR :IVMJMIW XLEX E YWIV LEW XLI TVSTIV GVIHIRXMEPW
%YXLSVMÊXMSR :IVMJMIW XLEX IEGL YWIV LEW XLI EYXLSVMX] XS TIVJSVQ ZEVMSYW EGXMSRW
%GGSYRXMRK 0SKW [LEX EGXMSRW [IVI XEOIR ERH F] [LSQ
7SQI SJ XLMW WIGYVMX] FILEZMSV MW GSZIVIH MR VIPEXMSR XS SRI WTIGMJMG GSRJMKYVEXMSR 8LI
MRJSVQEXMSR TVSZMHIH HSIW RSX GSZIV EVIEW XLEX ETTP] XS SXLIV GSRJMKYVEXMSRW -RJSVQEXMSR
JSV XLI WTIGMJMG XSTSPSK] XLEX MW FIMRK WIGYVIH QYWX FI GEVIJYPP] EHNYWXIH
%GGIWW 'SRXVSP 0MWXW
%GGIWW GSRXVSP PMWXW GER FI GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ 8LI 2IX7GEPIV W]WXIQ GSQTEVIW
MRGSQMRK TEGOIXW EKEMRWX XLI EGGIWW GSRXVSP PMWXW -J E TEGOIX QEXGLIW ER EGGIWW GSRXVSP PMWX VYPI XLI
EGXMSR WTIGMJMIH MR XLI VYPI MW ETTPMIH XS XLI TEGOIX
%PP EGGIWW GSRXVSP PMWXW EVI IREFPIH F] HIJEYPX 8LI 2IX7GEPIV W]WXIQ GSQTEVIW MRGSQMRK TEGOIXW
EKEMRWX EPP XLI EGGIWW GSRXVSP PMWXW -J ER EGGIWW GSRXVSP PMWX MW RSX VIUYMVIH EW TEVX SJ XLI PSSOYT XEFPI
FYX MW VIXEMRIH MR XLI GSRJMKYVEXMSR XLIR MX WLSYPH FI HMWEFPIH FIJSVI ETTP]MRK XLI EGGIWW GSRXVSP
PMWXW 3RGI XLI EGGIWW GSRXVSP PMWXW LEZI FIIR ETTPMIH XLI W]WXIQ HSIW RSX GSQTEVI MRGSQMRK
TEGOIXW EKEMRWX HMWEFPIH EGGIWW GSRXVSP PMWXW
7MQTPI %GGIWW 'SRXVSP 0MWXW

=SY GER GSRJMKYVI WMQTPI EGGIWW GSRXVSP PMWX TEGOIX JMPXIVW FEWIH SR SRP] XLI WSYVGI -4 EHHVIWW ERH
XLI TSVX -J FSXL WMQTPI ERH WXERHEVH EGGIWW GSRXVSP PMWXW EVI GSRJMKYVIH WMQTPI EGGIWW GSRXVSP PMWXW
EVI ETTPMIH JMVWX -J XLI WMQTPI EGGIWW GSRXVSP PMWX VIXYVRW E ()2= XLIR XLI GSRJMKYVIH EGXMSR MW
XEOIR -J XLI WMQTPI EGGIWW GSRXVSP PMWX VIXYVRW ER %003; XLIR XLI WXERHEVH EGGIWW GSRXVSP PMWX MW
ETTPMIH ERH XLI VIXYVR ZEPYI HIXIVQMRIW XLI EGXMSR 8LI 2IX7GEPIV W]WXIQ EPPS[W WMQTPI
EGGIWW GSRXVSP PMWXW XS FI GSRJMKYVIH
8LI WXERHEVH EGGIWW GSRXVSP PMWX PMQMX MW FYX WMQTPI EGGIWW GSRXVSP PMWXW GER FI GVIEXIH EW
QIQSV] EPPS[W
1EXGLMRK %GGIWW 'SRXVSP 0MWX )RXVMIW

8LI 2IX7GEPIV W]WXIQ GER MQTPIQIRX -4 EHHVIWWFEWIH XVEJJMG GSRXVSP SR HEXE XLEX MX LERHPIW YWMRK
EGGIWW GSRXVSP PMWXW 8LMW JYRGXMSREPMX] MW MRLIVIRX XS XLI 2IX7GEPIV W]WXIQ ERH MX HSIW RSX RIIH XS
FI IREFPIH
8LI [E]W MR [LMGL XVEJJMG GER FI LERHPIH SRGI MX MW QEXGLIH EVI
%PPS[IH 8VEJJMG MW EPPS[IH ERH MW TVSGIWWIH F] XLI 2IX7GEPIV W]WXIQ
&VMHKIH 8VEJJMG MW JSV[EVHIH XLVSYKL XLI 2IX7GEPIV W]WXIQ FYX MW RSX

TVSGIWWIH
(IRMIH 8VEJJMG MW HVSTTIH
-J RS EGGIWW GSRXVSP PMWX IRXV] MW QEXGLIH XLIR XLI XVEJJMG MW EPPS[IH
8VEJJMG -HIRXMJMGEXMSR
8LI EGGIWW GSRXVSP PMWX GER FI GVIEXIH XS MHIRXMJ] XVEJJMG F] WTIGMJ]MRK IMKLX HMJJIVIRX EXXVMFYXIW SJ XLI
-4 TEGOIX 8LI JSPPS[MRK XEFPI HIWGVMFIW XLIWI EXXVMFYXIW
%XXVMFYXI (IWGVMTXMSR
7SYVGI -4 EHHVIWW 8LI -4 EHHVIWW -4 EHHVIWW VERKI SV WYFRIX SJ
XLI WSYVGI W]WXIQ [LIVI XLI XVEJJMG SVMKMREXIW
7SYVGI TSVX 8LI XVEJJMG TSVX JVSQ XLI WSYVGI W]WXIQ
(IWXMREXMSR -4 EHHVIWW 8LI -4 EHHVIWW -4 EHHVIWW VERKI SV WYFRIX SJ

XLI HIWXMREXMSR W]WXIQ
(IWXMREXMSR TSVX 8LI XVEJJMG TSVX XS XLI HIWXMREXMSR W]WXIQ
7SYVGI 1%' EHHVIWW 8LI 1%' EHHVIWW SJ XLI WSYVGI W]WXIQ
4VSXSGSP SV TVSXSGSP RYQFIV 8LI TVSXSGSP GSVVIWTSRHMRK XS XLI TVSXSGSP JMIPH

MR XLI -4 LIEHIV
:0%2 -( 8LI :0%2 -( SJ XLI :0%2 [LIVI XLI TEGOIX MW

KIRIVEXIH
-RXIVJEGI 8LI MRXIVJEGI SR [LMGL XLI TEGOIX EVVMZIW
-J XLI XVEJJMG QEXGLIW QSVI XLER SRI EGGIWW GSRXVSP PMWX XLI QSWX WTIGMJMG QEXGL MW YWIH -J MX
QEXGLIW HMJJIVIRX EGGIWW GSRXVSP PMWX IRXVMIW JSV XLI WSYVGI ERH XLI HIWXMREXMSR XLI QSWX WTIGMJMG
HIWXMREXMSR EGGIWW GSRXVSP PMWX MW YWIH =SY WLSYPH RSX GVIEXI EGGIWW GSRXVSP PMWXW [MXL XLI WEQI
TEVEQIXIVW
0SSTFEGO XVEJJMG MW RIZIV TVSGIWWIH F] EGGIWW GSRXVSP PMWXW
%GGIWW'SRXVSP0MWX 7]RXE\ *SVQEX ERH 4VIGIHIRGI
8LI EGGIWWGSRXVSPPMWX W]RXE\ JSVQEX SJ XLI EHH RW EGP GSQQERH MW ZMVXYEPP] XLI WEQI JSV 2IX7GEPIV
ERH EFSZI IHMXMSRW &SXL ZIVWMSRW WYTTSVX XLI YWI SJ XLI WEQI IMKLX TEGOIX EXXVMFYXIW JSV
HIJMRMRK EGGIWW GSRXVSP PMWXW 6IJIV XS XLI ETTVSTVMEXI 'SQQERH 6IJIVIRGI +YMHI PSGEXIH EX
WYTTSVXGMXVM\GSQ JSV XLI 2IX7GEPIV ZIVWMSR MR YWI JSV QSVI HIXEMPIH MRJSVQEXMSR SR TEVEQIXIVW
ERH STXMSRW
%GGIWW'SRXVSP0MWXW 4VIGIHIRGI
%GGIWWGSRXVSPPMWX TVIGIHIRGI MW HIXIVQMRIH EGGSVHMRK XS XLI JSPPS[MRK VYPIW
y 8LI QSWX WTIGMJMG EGGIWW GSRXVSP PMWX XEOIW TVMSVMX] YRPIWW XLI TVMSVMX] MW EWWMKRIH
y 8LI HIWXMREXMSR XEOIW TVMSVMX] SZIV XLI WSYVGI [LIR XLIVI MW RS TVMSVMX] EWWMKRIH
y 8LI JMVWX EGGIWW GSRXVSP PMWX XLEX QEXGLIW HIXIVQMRIW LS[ XLI TEGOIX MW TVSGIWWIH 8LI TEGOIX MW
SRP] EJJIGXIH F] E WMRKPI EGGIWW GSRXVSP PMWX SV RS EGGIWW GSRXVSP PMWXW MJ XLIVI MW RS QEXGL
-4Z&EWIH %GGIWW'SRXVSP0MWX 7YTTSVX

%GGIWW GSRXVSP PMWXW FEWIH SR -RXIVRIX 4VSXSGSP ZIVWMSR -4Z EVI GSRJMKYVIH MR XLI 'SRJMKYVEXMSR
9XMPMX] 8S GVIEXI ER -4Z EGGIWW GSRXVSP PMWX GVIEXI ER I\XIRHIH EGGIWW GSRXVSP PMWX ERH WIPIGX XLI
ETTVSTVMEXI -4Z TVSXSGSP
8LI 2IX7GEPIV W]WXIQ I\XIRHW MXW -4Z WYTTSVX XS WIVZIVWMHI MQTPIQIRXEXMSR )RHXSIRH -4Z
WYTTSVX IREFPIW XLI YWI SJ -4Z EHHVIWWIW JSV 72-4 EHHVIWWIW ZMVXYEP WIVZIVW WIVZMGIW ERH WIVZIVW
-4Z QEREKIQIRX YXMPMXMIW GER EPWS FI YWIH WYGL EW 4MRK ERH 8VEGIVSYXI -4Z WYTTSVX EPWS
I\XIRHW XS 374*Z
7XEXMG VSYXIW GER FI
y 'SRJMKYVIH YWMRK -4Z EHHVIWWIW XS ER] HIWXMREXMSR
y %WWMKRIH ZEPYIW JSV HMWXERGI ERH GSWX
y )REFPIH MR XLI EHZIVXMWMRK SJ WXEXMG VSYXIW XS -4Z VSYXMRK TVSXSGSPW
%GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR
=SY GER TIVJSVQ XLI JSPPS[MRK EGGIWWGSRXVSPPMWXVIPEXIH TVSGIWWIW SR XLI 2IX7GEPIV W]WXIQ
y 'VIEXI EGGIWW GSRXVSP PMWXW
y 1SHMJ] EGGIWW GSRXVSP PMWXW
y (IJMRI EGGIWWGSRXVSPPMWX TVSGIWWMRK QSHI
y (IJMRI EGGIWWGSRXVSPPMWX TVMSVMX]
y %GXMZEXI EGGIWW GSRXVSP PMWXW
y (MWEFPI EGGIWW GSRXVSP PMWXW
y 6IQSZI EGGIWW GSRXVSP PMWXW
%GGIWWGSRXVSPPMWX IRXVMIW GER FI ZMI[IH MR XLI 'SRJMKYVEXMSR 9XMPMX] YRHIV XLI 2IX[SVOMRK RSHI
ERH YRHIV XLI EGGIWWGSRXVSPPMWX WYFRSHI 2I[ EGGIWWGSRXVSPPMWX IRXVMIW GER FI EHHIH QSHMJMIH
ERH VIQSZIH
%GGIWW GSRXVSP PMWXW EVI YWIH XS VIWXVMGX EGGIWW XS XLI 'SRJMKYVEXMSR 9XMPMX] JVSQ WTIGMJMG -4 EHHVIWWIW
SV VERKIW %GGIWW GSRXVSP PMWXW GER FI YWIH XS JSVGI 'SRJMKYVEXMSR 9XMPMX] GSRRIGXMSRW XS FI EPPS[IH
SRP] SZIV WIGYVI TSVXW ERH ,8847 MRWXIEH SJ YRWIGYVIH TSVXW WYGL EW ,884
&] HIJEYPX EGGIWW GSRXVSP PMWXW EVI EWWMKRIH TVMSVMXMIW MR XLI SVHIV MR [LMGL XLI] EVI GVIEXIH MJ ER
I\TPMGMX TVMSVMX] MW RSX WTIGMJMIH 8LI W]WXIQ HIJEYPXW XS EWWMKRMRK TVMSVMXMIW F] QYPXMTPIW SJ XS
TVSZMHI WTEGMRK FIX[IIR EGGIWW GSRXVSP PMWXW )\TPMGMX TVMSVMXMIW EVI EWWMKRIH XS EGGIWW GSRXVSP PMWXW
YWMRK XLI EHH GSQQERH [LIR GVIEXMRK ER EGGIWW GSRXVSP PMWX SV [LIR YWMRK E WIX GSQQERH XS
QSHMJ] ER EGGIWW GSRXVSP PMWX 8LIWI GSQQERHW EPPS[ ]SY XS GSRJMKYVI XLI SVHIV MR [LMGL EGGIWW
GSRXVSP PMWXW EVI TVSGIWWIH
7MQTPI %GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR 'SQQERH0MRI

-RXIVJEGI
=SY GER YWI XLI JSPPS[MRK GSQQERH XS GVIEXI E REQIH EGGIWWGSRXVSPPMWX IRXV] YWMRK E WSYVGI -4
EHHVIWW ERH HIWXMREXMSR -4 EHHVIWW EHH EGP SV EHH RW EGP MW EPPS[IH
EHH RW EGP EGP2EQIEGP%GXMSR WVG-4 -4%HHVIWW HIWX-4 -4%HHVIWW
)\EQTPI
EHH RW EGP XIWX %003; WVG-4
HIWX-4
'SRJMKYVMRK (IXEMPIH %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI
-RXIVJEGI
=SY GER YWI XLI JSPPS[MRK GSQQERH XS EHH ER EGGIWW GSRXVSP PMWX XS XLI W]WXIQ GSRJMKYVEXMSR MR XLI
GSQQERHPMRI MRXIVJEGI
EHH RW EGP EGP2EQIEGP%GXMSR

WVG-4 STIVEXSVWVG-4:EP
WVG4SVX STIVEXSVWVG4SVX:EP
HIWX-4 STIVEXSVHIWX-4:EP
HIWX4SVX STIVEXSVHIWX4SVX:EP
880 4SWMXMZI-RXIKIV WVG1EG 1%'%HHVIWW
TVSXSGSP TVSXSGSP IWXEFPMWLIH ZPER 4SWMXMZI-RXIKIV
MRXIVJEGI -RXIVJEGI2EQI MGQT8]TI 4SWMXMZI-RXIKIV
MGQT'SHI 4SWMXMZI-RXIKIV TVMSVMX] 4SWMXMZI-RXIKIV
WXEXI )2%&0)(
)EGL MRFSYRH TEGOIX MW QEXGLIH EKEMRWX GSRJMKYVIH EGGIWW GSRXVSP PMWXW ERH XLI WTIGMJMIH EGXMSR MW
ETTPMIH XS XLI TEGOIX 8LMW GSQQERH EHHW XLI EGGIWW GSRXVSP PMWX XS XLI GSRJMKYVEXMSR WTEGI 8S
GSQQMX XLMW STIVEXMSR XLI EGGIWW GSRXVSP PMWX QYWX FI ETTPMIH 8LMW IRXV] GER FI IREFPIH SV
HMWEFPIH EW RIIHIH 8LI ETTP] RW EGPW GSQQERH XEOIW EPP IREFPIH EGGIWWGSRXVSPPMWX IRXVMIW ERH
QEOIW XLIQ EGXMZI SR XLI 2IX7GEPIV W]WXIQ
'VIEXMRK ERH 6IQSZMRK %GGIWW 'SRXVSP 0MWXW 'SQQERH

0MRI -RXIVJEGI
=SY GER YWI XLI JSPPS[MRK GSQQERH XS IREFPI EGGIWWGSRXVSPPMWX IRXVMIW MR XLI GSQQERHPMRI
MRXIVJEGI
EHH RW EGP EGP2EQI EGP%GXMSR
8LMW GSQQERH GVIEXIW XLI REQIH EGGIWW GSRXVSP PMWX SR XLI W]WXIQ 8LI EGGIWW GSRXVSP PMWX MW
IREFPIH FYX RSX EGXMZEXIH ETTPMIH F] HIJEYPX 8LI ETTP] RW EGPW GSQQERH QYWX FI VYR EJXIV XLI
EHH RW EGP GSQQERH XS EGXMZEXI XLI EGGIWW GSRXVSP PMWX
8LI VIQSZI RW EGP GSQQERH MW YWIH XS VIQSZI MRHMZMHYEP EGGIWW GSRXVSP PMWXW JVSQ XLI W]WXIQ
,S[IZIV XLI ETTP] RW EGPW GSQQERH WLSYPH FI YWIH XS ETTP] XLI GLERKI XS XLI 2IX7GEPIV W]WXIQ
=SY GER YWI XLI JSPPS[MRK GSQQERH XS VIQSZI ER EGGIWW GSRXVSP PMWX MR XLI GSQQERHPMRI
MRXIVJEGI
VIQSZI RW EGP EGP2EQI
8S VIQSZI EPP EGGIWW GSRXVSP PMWXW JVSQ XLI W]WXIQ ]SY GER YWI XLI GPIEV RW EGPW GSQQERH 8LMW
STIVEXMSR HSIW RSX VIUYMVI ER I\TPMGMX ETTPMGEXMSR =SY GER YWI XLI JSPPS[MRK GSQQERH XS GPIEV EPP
EGGIWW GSRXVSP PMWXW MR XLI GSQQERHPMRI MRXIVJEGI
GPIEV RW EGPW
%TTP]MRK %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI

=SY GER YWI XLI JSPPS[MRK GSQQERH XS GSQQMX XLI EGGIWW GSRXVSP PMWX XS XLI GSRJMKYVEXMSR ERH XS
EGXMZEXI XLI EGGIWW GSRXVSP PMWX SR XLI W]WXIQ MR XLI GSQQERHPMRI MRXIVJEGI
ETTP] RW EGPW
8LMW GSQQERH MW VIUYMVIH EJXIV ER] QSHMJMGEXMSR MW QEHI XS XLI EGGIWW GSRXVSP PMWX MX EGXMZEXIW
EGGIWW GSRXVSP PMWXW ERH GSQQMXW GLERKIW XS XLI W]WXIQ %JXIV VYRRMRK XLMW GSQQERH EPP I\MWXMRK
WIWWMSRW EVI VIZEPMHEXIH ERH ER] WIWWMSRW QEXGLMRK E HVST GSQQERH EVI HVSTTIH
)EGL EGGIWW GSRXVSP PMWX LEW ER EGXMZI WXEXYW ERH ER ETTPMIH WXEXYW 8LI EGXMZI WXEXYW MRHMGEXIW
[LIXLIV ER EGGIWW GSRXVSP PMWX MW )2%&0)( SV (-7%&0)( 8LI ETTPMIH WXEXYW MRHMGEXIW [LIXLIV XLI
EGGIWW GSRXVSP PMWX MW %440-)( SV 238%440-)( 238%440-)( MW SRI [SVH %TTPMIH EGGIWW
GSRXVSP PMWXW EVI WEZIH XS XLI GSRJMKYVEXMSR ERH XLI EGXMZI WXEXYW HIXIVQMRIW [LIXLIV XVEJJMG MW
GSQTEVIH EKEMRWX XLI EGGIWW GSRXVSP PMWX
%R] GLERKI XS ER EGGIWW GSRXVSP PMWX VIUYMVIW XLEX XLI ETTP] RW EGPW GSQQERH MW MWWYIH XS TVSTEKEXI
XLI GLERKI XS XLI GSRJMKYVEXMSR 9RETTPMIH EGGIWW GSRXVSP PMWXW EVI RSX WEZIH XS XLI RWGSRJ JMPI 8LI
ETTP] RW EGPW GSQQERH EPPS[W ]SY XS GLERKI XLI EGGIWWGSRXVSPPMWX GSRJMKYVEXMSR [MXLSYX LEZMRK
XLI GLERKIW XEOI IJJIGX YRXMP XLI ETTP] GSQQERH MW MWWYIH %R] EGGIWW GSRXVSP PMWXW XLEX EVI RSX
ETTPMIH EVI RSX VIXEMRIH MR XLI 2IX7GEPIV W]WXIQ -J EGGIWW GSRXVSP PMWXW EVI WIPIGXMZIP] HMWEFPIH SV
IREFPIH XLIR ]SY WLSYPH YWI XLI IREFPI RW EGP GSQQERH ERH HMWEFPI RW EGP GSQQERHW (MWEFPIH
EGGIWW GSRXVSP PMWXW EVI ETTPMIH FYX RSX EGXMZI 8LI] EVI VIXEMRIH F] XLI W]WXIQ JSPPS[MRK E WEZI RW
GSRJMK GSQQERH
=SY GER YWI XLI JSPPS[MRK GSQQERHW XS GSQQMX E GLERKI XS ER EGGIWW GSRXVSP PMWX EJXIV VYRRMRK XLI
ETTP] RW EGPW GSQQERH MR XLI GSQQERHPMRI MRXIVJEGI
EHH RW EGP
WIX RW EGP
VIQSZI RW EGP
IREFPI RW EGP
HMWEFPI RW EGP
:MI[MRK %GGIWW 'SRXVSP 0MWXW 'SQQERH0MRI -RXIVJEGI

=SY GER YWI XLI JSPPS[MRK GSQQERH XS HMWTPE] XLI EGGIWW GSRXVSP PMWXW MR XLI GSQQERHPMRI
MRXIVJEGI
WLS[ RW EGP ?EGP2EQIA
8LMW GSQQERH WLS[W EGGIWW GSRXVSP PMWXW SR XLI 2IX7GEPIV W]WXIQ ERH XLI GSRJMKYVEXMSR HIXEMPW
MRGPYHMRK EGXMZI ERH ETTPMIH WXEXYW MRJSVQEXMSR -J E REQI MW WTIGMJMIH XLIR SRP] XLEX TEVXMGYPEV
EGGIWWGSRXVSPPMWX MRJSVQEXMSR MW HMWTPE]IH -J MX MW RSX WTIGMJMIH EPP GSRJMKYVIH EGGIWW GSRXVSP PMWXW
EVI HMWTPE]IH
=SY GER YWI XLI JSPPS[MRK GSQQERH XS HMWTPE] EGGIWWGSRXVSPPMWX WXEXMWXMGW MR XLI GSQQERHPMRI
MRXIVJEGI
WXEX RW EGP EGP2EQI HIXEMP JYPP:EPYIW RXMQIW 4SWMXMZI-RXIKIV

PSK*MPI -RTYX*MPIREQI
%GGIWW'SRXVSP0MWX 4VMSVMXMIW 'SQQERH0MRI -RXIVJEGI

-J RIGIWWEV] ]SY GER VIEWWMKR EGGIWWGSRXVSPPMWX TVMSVMXMIW YWMRK XLI VIRYQFIV EGGIWWGSRXVSPPMWXW
GSQQERH 8LMW GSQQERH VIRYQFIVW XLI TVMSVMXMIW XS QYPXMTPIW SJ XIR *SV I\EQTPI ERH
MRXVSHYGI KETW FIX[IIR EGGIWWGSRXVSPPMWX TVMSVMXMIW 8LMW GSQQERH HSIW RSX EJJIGX XLI FILEZMSV SJ
EGGIWW GSRXVSP PMWXW =SY GER YWI XLI JSPPS[MRK GSQQERH XS VIRYQFIV XLI EGGIWW GSRXVSP PMWXW MR XLI
VIRYQFIV RW EGPW
6IQSZMRK %GGIWW 'SRXVSP 0MWXW JVSQ XLI 7]WXIQ

'SQQERH0MRI -RXIVJEGI
8LI VIQSZI RW EGP GSQQERH MW YWIH XS VIQSZI MRHMZMHYEP EGGIWW GSRXVSP PMWXW JVSQ XLI W]WXIQ
,S[IZIV XLI ETTP] RW EGPW GSQQERH WLSYPH FI YWIH XS ETTP] XLI GLERKI XS XLI 2IX7GEPIV W]WXIQ
=SY GER YWI XLI JSPPS[MRK GSQQERH XS VIQSZI ER EGGIWW GSRXVSP PMWX MR XLI GSQQERHPMRI
MRXIVJEGI
VIQSZI RW EGP EGP2EQI
8S VIQSZI EPP EGGIWW GSRXVSP PMWXW JVSQ XLI W]WXIQ ]SY GER YWI XLI GPIEV RW EGPW GSQQERH 8LMW
STIVEXMSR HSIW RSX VIUYMVI ER I\TPMGMX ETTPMGEXMSR =SY GER YWI XLI JSPPS[MRK GSQQERH XS GPIEV EPP
EGGIWW GSRXVSP PMWXW MR XLI GSQQERHPMRI MRXIVJEGI
GPIEV RW EGPW
%GGIWW'SRXVSP0MWX 7]RXE\ *SVQEX JSV (MJJIVIRX 2IX7GEPIV

:IVWMSRW
8LI 2IX7GEPIV W]WXIQ WYTTSVXW SXLIV EGGIWWGSRXVSPPMWX GSQQERHW MRGPYHMRK
y )REFPI
y (MWEFPI
y %HH
y 6IQSZI
y 7IX
y 9RWIX
y %TTP]
y 'PIEV
y 6IRYQFIV
y 7LS[
y 7XEX
6IJIV XS XLI 'SQQERH 6IJIVIRGI +YMHI PSGEXIH EX WYTTSVXGMXVM\GSQ JSV JYVXLIV GSQQERHPMRI
MRXIVJEGI W]RXE\ SV EVKYQIRX MRJSVQEXMSR
%GGIWW'SRXVSP0MWX )\EQTPI
8LI JSPPS[MRK I\EQTPI HIQSRWXVEXIW LS[ XS GSRJMKYVI ER 77, EGGIWW GSRXVSP PMWX MR XLI GSQQERH
PMRI MRXIVJEGI 8LI JSPPS[MRK ZEPYIW EVI YWIH MR XLI I\EQTPI
y 27-4 EHHVIWW
y 1-4 EHHVIWW
y 8VYWXIH 2IX[SVO %
y 8VYWXIH 2IX[SVO &
8LI JSPPS[MRK GSQQERH I\EQTPI WLS[W GSRJMKYVMRK 77, EGGIWW GSRXVSP PMWX MR XLI GSQQERHPMRI
MRXIVJEGI
EHH EGP FEWXMSRWWL %003; WVGMT

HIWXMT HWXTSVX
TVSXSGSP 8'4
8LI FEWXMSRWWL EGGIWW GSRXVSP PMWX MW YWIH XS GVIEXI ER EGGIWW GSRXVSP PMWX XS EPPS[ XVEJJMG JVSQ E
XVYWXIH RIX[SVO XS GSRRIGX XS XLI 2IX7GEPIVS[RIH -4 EHHVIWWIW JSV XLI LMKLEZEMPEFMPMX] TEMV SZIV
TSVX 77, 8LMW I\EQTPI WIGYVIW EGGIWW XS XLI GSQQERHPMRI MRXIVJEGI JVSQ ER EPPS[IH VERKI SJ
XVYWXIH FEWXMSR LSWXW
6IZMI[
;LMGL TSVX MW GSQQSRP] YWIH JSV XLI ,% LIEVXFIEX#
E
F
G
H
;LMGL X[S WXEXIQIRXW ETTP] XS %'0 TVIGIHIRGI# 'LSSWI X[S
E 8LI HIWXMREXMSR XEOIW TVMSVMX] SZIV XLI WSYVGI [LIR XLIVI MW RS TVMSVMX] EWWMKRIH
F 8LI QSWX WTIGMJMG %'0 XEOIW TVMSVMX] HIWTMXI XLI EWWMKRIH TVMSVMX]
G 8LI JMVWX %'0 XLEX QEXGLIW HIXIVQMRIW LS[ XLI TEGOIX MW TVSGIWWIH
H 8LI TEGOIX MW EJJIGXIH F] QYPXMTPI %'0W MJ XLIVI MW RS QEXGL
1SHYPI
'SRJMKYVMRK 0SEH
&EPERGMRK
3ZIVZMI[
0SEH FEPERGMRK EPPS[W XLI 2IX7GEPIV W]WXIQ XS HMWXVMFYXI GPMIRX VIUYIWXW EGVSWW QYPXMTPI WIVZIVW XS
STXMQMÎ VIWSYVGI YXMPMÊXMSR 0SEH FEPERGMRK MQTVSZIW WIVZIV JEYPX XSPIVERGI ERH YWIV VIWTSRWI
XMQI
7IVZIV TIVJSVQERGI GER HIKVEHI MR E VIEP[SVPH WGIREVMS MR [LMGL E PMQMXIH RYQFIV SJ WIVZIVW
TVSZMHI WIVZMGI XS E PEVKI RYQFIV SJ GPMIRXW 8LI 2IX7GEPIV W]WXIQ YWIW PSEHFEPERGMRK GVMXIVME XS
TVIZIRX FSXXPIRIGOW F] JSV[EVHMRK XLI GPMIRX VIUYIWXW XS XLI WIVZIV FIWX WYMXIH XS LERHPI XLIQ
3FNIGXMZIW
y 'VIEXI ERH GSRJMKYVI W]WXIQ IRXMXMIW
y 'SRJMKYVI WIVZMGI QSRMXSVMRK
y 'VIEXI PSEHFEPERGMRK ZMVXYEP WIVZIVW
y 'SRJMKYVI EHZERGIH PSEHFEPERGMRK STXMSRW ERH QIXLSHW
y 1EREKI WIVZMGIW ERH ZMVXYEP WIVZIVW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 'SRJMKYVMRK 0SEH &EPERGMRK
)RXMX] 1EREKIQIRX
)RXMXMIW MR XLI 2IX7GEPIV W]WXIQ EVI ER] GSRJMKYVEFPI SFNIGXW XLEX EVI YWIH [MXL 2IX7GEPIV JIEXYVIW
)EGL IRXMX] MW KMZIR E REQI [LIR GVIEXIH 8LI IRXMX] REQI YWIH XS EWWSGMEXI XLI IRXMX] [MXL E
2IX7GEPIV JIEXYVI )RXMX] REQIW SR XLI 2IX7GEPIV W]WXIQ GER LEZI E QE\MQYQ SJ GLEVEGXIVW
8LI QSWX GSQQSRP] YWIH IRXMXMIW EVI PMWXIH FIPS[
7IVZIV % WIVZIV IRXMX] VITVIWIRXW E TL]WMGEP WIVZIV XS [LMGL XLI 2IX7GEPIV

W]WXIQ [MPP QERKI SV HMWXVMFYXI XVEJJMG % WIVZIV MW MHIRXMJMIH F] XLI
-4 EHHVIWW SJ XLI TL]WMGEP WIVZIV % WIVZIV IRXMX] MW EPWS GVIEXIH
EYXSQEXMGEPP] [LIR ]SY GSRJMKYVI E WIVZMGI [LMGL MW EWWSGMEXIH [MXL
E WIVZIV IRXMX]
7IVZMGI % WIVZMGI IRXMX] MW E PSKMGEP VITVIWIRXEXMSR SJ E WIVZIV ERH MHIRXMJMIW

E TEVXMGYPEV WIVZMGI SV ETTPMGEXMSR VYRRMRK SR XLI WIVZIV % WIVZMGI MW
HIJMRIH F] ER -4 EHHVIWW TSVX ERH TVSXSGSP 8LI WIVZMGI MHIRXMJMIW
XLI X]TI SJ XVEJJMG EWWSGMEXIH [MXL E KMZIR WIVZIV 1YPXMTPI WIVZMGIW
QE] FI GSRJMKYVIH JSV XLI WEQI WIVZIV *SV I\EQTPI E WIVZIV GER FI
VYRRMRK ,884 *84 ERH 8'4 WIVZMGIWETTPMGEXMSRW 8LI 2IX7GEPIV
W]WXIQ HMVIGXW XVEJJMG XS XLI WIVZIV YWMRK XLI ETTVSTVMEXI WIVZMGI
;LIR E WIVZMGI MW GVIEXIH MX MW EWWSGMEXIH [MXL E WIVZIV SFNIGX *SV
PSEH FEPERGMRK WIVZMGIW EVI FSYRH XS ZMVXYEP WIVZIVW 8LI ZMVXYEP
WIVZIVW [MPP XLIR PSEHFEPERGI XVEJJMG EGVSWW XLI EZEMPEFPI WIVZIVW
FEWIH SR XLIWI WIVZMGIW
7IVZMGIW EVI XVEGOIH EW FIMRK MR ER 94 SV (3;2 WXEXI YWMRK
QSRMXSVW ;LIR E WIVZMGI MW MR E (3;2 WXEXI XLI ZMVXYEP WIVZIV
HSIW RSX HMVIGX XVEJJMG XS XLI WIVZMGI 8LI WIVZIV MW F]TEWWIH JSV PSEH
FEPERGMRK JSV XLI XVEJJMG X]TI SV ETTPMGEXMSR MHIRXMJMIH F] XLI
WIVZMGI
:MVXYEP 7IVZIV % ZMVXYEP WIVZIV MW ER EKKVIKEXIH W]WXIQ IRXMX] XLEX YWYEPP]

GSQTVMWIW QYPXMTPI WIVZIVW ERH WIVZMGIW 6EXLIV XLER XVEJJMG FIMRK
VSYXIH HMVIGXP] XS XLI WIVZIV MX MW WIRX XS E ZMVXYEP WIVZIV [LMGL XLIR
QEOIW E HIGMWMSR EFSYX [LMGL WIVZIV XS JSV[EVH XLI XVEJJMG XS FEWIH
SR XLI WIVZMGIW FSYRH XS XLI ZMVXYEP WIVZIV 8LI WXEXI SJ XLI ZMVXYEP
WIVZIV HIXIVQMRIW [LIXLIV XLI GPMIRX VIUYIWXW EVI EGGITXIH
1SHYPI 'SRJMKYVMRK 0SEH &EPERGMRK 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
1SRMXSV 7IVZMGI QSRMXSVW EPWS ORS[R EW LIEPXL GLIGOW EVI YWIH F] XLI
2IX7GEPIV W]WXIQ XS TIVMSHMGEPP] GLIGO XLI LIEPXL SJ E WIVZMGI XS
HIXIVQMRI MXW WXEXI 8LI QSRMXSV WIRHW E TVSFI XS E WTIGMJMIH
HIWXMREXMSR EPSRK [MXL E WTIGMJMIH VIUYIWX ERH ER I\TIGXIH WIVZMGI
VIWTSRWI &EWIH SR XLI VIWTSRWI VIGIMZIH F] XLI TVSFI E QSRMXSV
GER QEVO XLI WXEXI SJ E WIVZMGI EW 94 SV (3;2 ERH IMXLIV EPPS[ SV
HIR] XVEJJMG VIUYIWXW JSV E TEVXMGYPEV WIVZMGI
'VIEXMRK 7IVZIVW
&IJSVI E 2IX7GEPIV W]WXIQ GER FIKMR PSEH FEPERGMRK JSV TL]WMGEP WIVZIVW MR XLI IRZMVSRQIRX WIVZIV
ERH WIVZMGI IRXMXMIW XLEX VITVIWIRX XLIWI WIVZIVW QYWX JMVWX FI GVIEXIH YWMRK IMXLIV XLI 'SRJMKYVEXMSR
9XMPMX] SV XLI GSQQERHPMRI MRXIVJEGI
7IVZIVW GER FI GVIEXIH I\TPMGMXP] EW REQIH IRXMXMIW FIJSVI GVIEXMRK WIVZMGIW 8LI WIVZMGI MW XLIR
GVIEXIH ERH VIJIVIRGIW XLI I\MWXMRK WIVZIV SFNIGX ,S[IZIV MJ XLI WIVZMGI MW GVIEXIH JMVWX XLI W]WXIQ
EYXSQEXMGEPP] GVIEXIW E WIVZIV SFNIGX FEWIH SR XLI -4 EHHVIWW YWIH [LIR GSRJMKYVMRK XLI WIVZMGI
'VIEXI E 7IVZIV
'VIEXI E WIVZIV IRXMX] SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK E WIVZIV REQI ERH -4 EHHVIWW
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 0SEH &EPERGMRK " 7IVZIV RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WIVZIV WIVZIV2EQI -4%HHVIWW ` HSQEMR
'VIEXMRK 7IVZMGIW
% WIVZMGI IRXMX] HIJMRIW E TEVXMGYPEV WIVZMGI VYRRMRK SR E WIVZIV SFNIGX MHIRXMJMIH F] XLI -4 EHHVIWW
WIVZMGI X]TI ERH TSVX SR [LMGL MX MW VYRRMRK
% WIVZMGI VITVIWIRXW ER ETTPMGEXMSR VYRRMRK SR E WIVZIV ERH MW MHIRXMJMIH F] E YRMUYI -4
EHHVIWWTSVX GSQFMREXMSR 8LI WIVZMGI HIJMRIW XLI XVEJJMG X]TI FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH E
WIVZIV 7IVZMGIW EVI EWWSGMEXIH [MXL E PSEHFEPERGMRK ZMVXYEP WIVZIV F] FMRHMRK WIVZMGIW XS XLI ZMVXYEP
WIVZIV 7IVZMGIW QYWX FI FSYRH XS ZMVXYEP WIVZIVW FIJSVI XLI 2IX7GEPIV W]WXIQ MW EFPI XS PSEHFEPERGI
MRGSQMRK XVEJJMG FIX[IIR WIVZIVW
;LIR XLI WIVZMGI MW GVIEXIH XLI WIVZMGI X]TI MW WTIGMJMIH MHIRXMJ]MRK XLI TVSXSGSPXVEJJMG X]TI MR YWI
8LI HMJJIVIRX WIVZMGI X]TIW EZEMPEFPI SR XLI 2IX7GEPIV W]WXIQ TVSZMHI XLI EFMPMX] XS LERHPI XLI XVEJJMG
ETTVSTVMEXIP] 7IVZMGI X]TIW SR XLI 2IX7GEPIV W]WXIQ MRGPYHI
y ,884
y 770
y *84
y (27
y 8'4
y 9(4
y %2=
8LI YWI SJ FSXL WIVZIV SFNIGXW ERH WIVZMGI SFNIGXW EPPS[W XLI ETTPMGEXMSR VYRRMRK SR E WIVZIV XS FI
EFWXVEGXIH JVSQ XLI TL]WMGEP IRXMX] 8LMW EFWXVEGXMSR EPPS[W QYPXMTPI WIVZMGIW VYRRMRK SR E WMRKPI
WIVZIV XS FI XVIEXIH MRHITIRHIRXP] SJ IEGL SXLIV
'VIEXI E 7IVZMGI
'VIEXI E WIVZMGI IRXMX] SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI WIVZMGI XLI WIVZMGI X]TI ERH XLI
TSVX XS [LMGL XLI WIVZMGI MW EWWMKRIH
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 0SEH &EPERGMRK " 7IVZMGIW RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WIVZMGI WIVZMGI2EQI -4%HHVIWW WIVZMGI8]TI
TSVX
8LI EHH WIVZMGI GSQQERH VIUYMVIW EW E TEVEQIXIV IMXLIV XLI -4 EHHVIWW SJ XLI TL]WMGEP WIVZIV SV
XLI REQI SJ ER I\MWXMRK WIVZIV IRXMX] GVIEXIH SR XLI 2IX7GEPIV W]WXIQ 8S YWI XLI WIVZIV REQI ]SY
QYWX JMVWX EHH XLI WIVZIV IRXMX] &] YWMRK XLI -4 EHHVIWW MRWXIEH SJ XLI REQI ]SY EYXSQEXMGEPP]
GVIEXI E WIVZIV IRXMX] [LIR EHHMRK XLI GSVVIWTSRHMRK WIVZMGI
'VIEXMRK :MVXYEP 7IVZIVW

% ZMVXYEP WIVZIV TVSZMHIW XLI GPMIRX EGGIWW XS XLI EGXYEP WIVZIVW FILMRH XLI 2IX7GEPIV W]WXIQ 8LI
GPMIRX GSRRIGXW XS E ZMVXYEP WIVZIV [LMGL GSRWMWXW SJ ER -4 EHHVIWW TSVX ERH TVSXSGSP GSQFMREXMSR
XLEX EGGITXW MRGSQMRK XVEJJMG 8LI ZMVXYEP WIVZIV MW FSYRH XS E RYQFIV SJ TL]WMGEP WIVZMGIW VYRRMRK
SR TL]WMGEP WIVZIVW 8LIWI TL]WMGEP WIVZMGIW GSRWMWX SJ XLI -4 EHHVIWW ERH TSVX SJ XLI TL]WMGEP WIVZIV
8LI GPMIRX VIUYIWX MW VSYXIH JVSQ XLI ZMVXYEP WIVZIV XS XLI TL]WMGEP WIVZIV FEWIH SR XLI WIVZMGI XLEX
LERHPIW XLI MRFSYRH VIUYIWX (27 MW RSX VIUYMVIH XS QEOI ER EVFMXVEV] VSYRHVSFMR PSEHFEPERGMRK
HIGMWMSR MRWXIEH (27 VIXYVRW XLI :-4 EHHVIWW SJ XLI PSEHFEPERGMRK ZMVXYEP WIVZIVW XS XLI GPMIRX
1YPXMTPI PSEHFEPERGMRK ZMVXYEP WIVZIVW GER FI GSRJMKYVIH SR XLI WEQI :-4 EHHVIWW EW PSRK EW XLI
GSQFMREXMSR SJ XLI :-4 EHHVIWW TSVX ERH WIVZMGI EVI YRMUYI
'VIEXI E :MVXYEP 7IVZIV
'VIEXI E ZMVXYEP WIVZIV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI WIVZIV REQI XLI :-4 EHHVIWW XLI
TVSXSGSP ERH XLI TSVX RYQFIV
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 0SEH &EPERGMRK " :MVXYEP 7IVZIV RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
EHH PF ZWIVZIV ZWIVZIV2EQI WIVZMGI8]TI
-4%HHVIWW TSVX
TIVWMWXIRGI8]TI TIVWMWXIRGI8]TI
&MRHMRK 7IVZMGIW
1SWX IRXMXMIW MR XLI 2IX7GEPIV W]WXIQ GER FI GVIEXIH MRHITIRHIRXP] FYX [MPP RSX WIVZI E JYRGXMSR
YRXMP XLI] EVI FSYRH XS ERSXLIV VIPEXIH IRXMX]
&MRH E WIVZMGI XS E ZMVXYEP WIVZIV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI ZMVXYEP WIVZIV ERH
EGXMZEXMRK XLI WIVZMGI
PSGEXMSR
'SQQERHPMRI W]RXE\
FMRH PF ZWIVZIV ZWIVZIV2EQI WIVZMGI2EQI
1SRMXSVW
1SRMXSVMRK SJ E WIVZMGI [MPP RSX XEOI TPEGI YRXMP XLI QSRMXSV MW FSYRH XS E WIVZMGI 8LI 2IX7GEPIV
W]WXIQ WYTTSVXW QYPXMTPI QSRMXSVW JSV ER] KMZIR WIVZMGI ;LIR E WIVZMGI MW FSYRH XS QYPXMTPI
QSRMXSVW XLI WXEXYW SJ XLI WIVZMGI MW FEWIH SR XLI VIWYPXW WIRX F] EPP XLI QSRMXSVW *SV I\EQTPI E
WIVZMGI MW QEVOIH EW 94 SRP] MJ EPP QSRMXSVW EWWSGMEXIH [MXL XLEX WIVZMGI VIXYVR ER 94 WXEXYW EJXIV
TVSFMRK -J ER] QSRMXSV VIXYVRW E (3;2 WXEXYW XLI WIVZMGI MW QEVOIH EW (3;2 %HHMXMSREPP]
QSRMXSV [IMKLXW ERH XLVIWLSPHW GER FI GSRJMKYVIH JSV E WIVZMGI [LMGL WTIGMJMIW XLEX WSQI FYX RSX
EPP XLI QSRMXSVW QYWX TEWW E LIEPXLGLIGO TVSFI JSV E WIVZMGI XS FI QEVOIH EW 94
1SRMXSVW EVI EWWSGMEXIH [MXL IZIV] WIVZMGI XS ZIVMJ] XLEX XLI WIVZMGI MW 94 ERH EZEMPEFPI (ITIRHMRK
SR XLI X]TI SJ WIVZMGI HMJJIVIRX OMRHW SJ QSRMXSVMRK QE] FI VIUYMVIH
0SEH&EPERGMRK 8VEJJMG 8]TIW
% PSEHFEPERGMRK ZMVXYEP WIVZIV GER FI GSRJMKYVIH XS WYTTSVX ER] RYQFIV SJ XVEJJMG X]TIW 1YPXMTPI
PSEHFEPERGMRK WIVZIVW GER FI GSRJMKYVIH SR XLI WEQI ZMVXYEP -4 EHHVIWW FYX JSV HMJJIVIRX WIVZMGIW
%TTPMGEXMSR 4VSXSGSPW
,884 *84 (27 2284 ERH ,8847 EVI EPP ETTPMGEXMSRPE]IV TVSXSGSPW JSV [LMGL W[MXGLMRK MW
TIVJSVQIH EX XLI VIUYIWX PIZIP VEXLIV XLER EX XLI GSRRIGXMSR PIZIP 6IUYIWX PIZIP W[MXGLMRK EPPS[W
KVIEXIV KVERYPEVMX] MR XLI PSEHFEPERGMRK TVSGIWW 8LI 770 WIXXMRK VITVIWIRXW ,8847 ERH MRWXVYGXW
XLI ZMVXYEP WIVZIV XS XIVQMREXI ERH HIGV]TX XLI ,8847 GSRRIGXMSR =SY GER GSRJMKYVI E PSEH
FEPERGMRK WIVZIV EW X]TI 770 ERH EWWSGMEXI MX [MXL E WIVZMGI SJ X]TI ,884 8LI XVEJJMG JVSQ XLI YWIV
MW IRGV]TXIH XS XLI 2IX7GEPIV W]WXIQ ERH TPEMR XI\X ,884 XVEJJMG MW JSV[EVHIH JVSQ XLI 2IX7GEPIV
W]WXIQ XS XLI WIVZIV
7IWWMSR 4VSXSGSPW
8LI PSEHFEPERGMRK WIVZIV GER FI EWWSGMEXIH [MXL E WIWWMSR TVSXSGSP IMXLIV 8'4 SV 9(4 8'4
FEWIH TVSXSGSPW SXLIV XLER ,884 GER EPWS FI WIGYVIH YWMRK 770 -J XLI MRGSQMRK XVEJJMG MW 770
IRGV]TXIH FYX RSX ,884 E ZMVXYEP WIVZIV SJ X]TI 770C8'4 MW GVIEXIH 8LMW WIVZIV HIGV]TXW XLI
XVEJJMG SR EVVMZEP ERH JSV[EVHW MX FEWIH SR XLI TVSXSGSPW HIJMRIH SR XLI WIVZMGIW FSYRH XS MX
+IRIVEP 8VEJJMG
8LI %2= XVEJJMG X]TI MW YWIH JSV ER] 8'4 9(4 ERH -RXIVRIX 'SRXVSP 1IWWEKI 4VSXSGSP -'14
WIVZMGI 8LI GSRJMKYVEXMSR SJ %2= MW YWIH [MXL WSQI JMVI[EPP PSEHFEPERGMRK ERH PMRO PSEH
FEPERGMRK GSRJMKYVEXMSRW [LIVI PSEH FEPERGMRK MW XMQIFEWIH
8LI JSPPS[MRK XEFPI TVSZMHIW ER SZIVZMI[ SJ XLI PSEHFEPERGMRK XVEJJMG X]TIW
8VEJJMG 8]TI %TTPMGEXMSR TVSXSGSPW 7IWWMSR TVSXSGSPW +IRIVEP XVEJJMG X]TI
y ,884 y 8'4 %2=

y *84 y 9(4
y (27 y 770C8'4
y 2284
y 770 ,8847
y 6874
y 770C&6-(+)
7IVZMGI 1SRMXSVMRK
8LI TYVTSWI SJ WIVZMGI QSRMXSVMRK MW XS GLIGO XLI WXEXI SJ XLI WIVZMGIW TIVMSHMGEPP] 1SRMXSVW WTIGMJ]
XLI X]TIW SJ VIUYIWXW WIRX XS E WIVZMGI ERH XLI I\TIGXIH VIWTSRWI JVSQ XLI WIVZMGI XLMW TVSFI MW
ORS[R EW E LIEPXL GLIGO -J E WIVZMGI VIWTSRHW ETTVSTVMEXIP] XS XLI LIEPXL GLIGO [MXLMR XLI WTIGMJMIH
TIVMSH SJ XMQI XLI WXEXI MW QEVOIH EW 94 ERH XLEX WIVZMGI GSRXMRYIW XS LEZI VIUYIWXW HMVIGXIH XS MX
-J LS[IZIV E WIVZMGI JEMPW E LIEPXL GLIGO XLI WXEXI MW QEVOIH EW (3;2 ERH MX RS PSRKIV VIGIMZIW
VIUYIWXW
)EGL WIVZMGI HIJMRIH SR XLI 2IX7GEPIV W]WXIQ VIUYMVIW WSQI JSVQ SJ QSRMXSVMRK XS IRWYVI XLEX
VIUYIWXW EVI RSX WIRX XS ER YREZEMPEFPI WIVZMGI (ITIRHMRK SR XLI X]TI SJ WIVZMGI HMJJIVIRX OMRHW SJ
QSRMXSVMRK QE] FI VIUYMVIH )EGL QSRMXSV X]TI VIUYMVIW MXW S[R WIX SJ TEVEQIXIVW
8LI JYRGXMSR SJ E TEVXMGYPEV WIVZMGI QYWX FI GSRWMHIVIH [LIR HIJMRMRK QSRMXSVW -W E GSQTPIXIH
[E] LERHWLEOI IRSYKL XS ZIVMJ] XLEX XLI WIVZMGI MW VYRRMRK# (SIW XLI WIVZMGI VIP] SR SXLIV WIVZMGIW
MR XLI IRXIVTVMWI XS JYRGXMSR# ;LMPI XLI HIJEYPX QSRMXSVW JEGMPMXEXI WMQTPI HITPS]QIRXW QER]
IRZMVSRQIRXW EVI FIXXIV WIVZIH [MXL XLI EHHMXMSREP X]TIW SJ QSRMXSVW EZEMPEFPI MR XLI W]WXIQ
8LI WXEXI SJ E WIVZMGI MW QEMRXEMRIH EGVSWW LMKLEZEMPEFMPMX] TEMVW
&MRHMRK 1SRMXSVW
)ZIV] WIVZMGI VIUYMVIW E QSRMXSV XS HIXIVQMRI MXW WXEXI % QSRMXSV QYWX FI FSYRH XS E WIVZMGI XS
IRWYVI XLI WIVZMGI GER VIGIMZI XVEJJMG
&MRH E QSRMXSV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI WIVZMGI ERH XLI QSRMXSV XS FI FSYRH
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 0SEH &EPERGMRK " 7IVZMGI RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
FMRH PF QSRMXSV QSRMXSVREQI WIVZMGIREQI
(IJEYPX 1SRMXSVW
;LIR E WIVZMGI MW GVIEXIH SRI SJ X[S X]TIW SJ HIJEYPX QSRMXSVW MW EYXSQEXMGEPP] IREFPIH MJ RS SXLIV
QSRMXSV MW WTIGMJMIH (ITIRHMRK SR XLI WIVZMGI X]TI IMXLIV XLI 8'4HIJEYPX SV 4-2+HIJEYPX
QSRMXSV MW IREFPIH (IJEYPX QSRMXSVW GERRSX FI FSYRH YRFSYRH VIQSZIH SV GLERKIH
8LI JSPPS[MRK XEFPI TVSZMHIW E PMWX SJ XLI HIJEYPX TVIGSRJMKYVIH QSRMXSVW
4-2+ ,884)': 8'47 8'4)': 0(278'4
8'4 9(4)': ,8847 *84 0(27(27
,884 (27 0(274-2+ 8'47)':
8'4(IJEYPX
8LI 8'4HIJEYPX QSRMXSV MW EWWSGMEXIH [MXL EPP 8'4 WIVZMGI X]TIW ;LIR E 8'4HIJEYPX QSRMXSV MW
YWIH XLI 2IX7GEPIV W]WXIQ IWXEFPMWLIW E 8'4 GSRRIGXMSR [MXL XLI WIVZMGI WTIGMJMIH F] XLI QSRMXSV
[LIR TIVJSVQMRK E LIEPXLGLIGO TVSFI
-J XLI W]WXIQ SFWIVZIW 8'4 XVEJJMG JPS[ XS XLI WIVZMGI 8'4 QSRMXSVMRK VIUYIWXW EVI RSX WIRX
;LIR E QSRMXSV MW FSYRH XS E WIVZMGI XLI HIJEYPX QSRMXSV MW EYXSQEXMGEPP] HMWEFPIH

;LIR EPP QSRMXSVW EVI YRFSYRH JVSQ E WIVZMGI XLI HIJEYPX QSRMXSV MW EYXSQEXMGEPP] VI
IREFPIH
;LMPI HIJEYPX QSRMXSVW QE] WIVZI WMQTPI HITPS]QIRXW QSWX HITPS]QIRXW WLSYPH YWI SRI SJ XLI
W]WXIQHIJMRIH QSRMXSVW XS IRWYVI XLI QSRMXSV QIIXW XLI RIIHW SJ E TEVXMGYPEV WIVZMGI
4-2+HIJEYPX
8LI 4-2+HIJEYPX QSRMXSV MW EWWSGMEXIH [MXL EPP RSR8'4 WIVZMGI X]TIW 8LI JSPPS[MRK TVSGIWW
TVSZMHIW ER SZIVZMI[ SJ XLI TMRK TVSGIWW
8LI 2IX7GEPIV W]WXIQ WIRHW ER -'14 IGLS VIUYIWX XS XLI WIVZMGI WTIGMJMIH F] XLI QSRMXSV
-J XLI 2IX7GEPIV W]WXIQ VIGIMZIW ER -'14 IGLS VIWTSRWI JVSQ XLI WIVZMGI XLI WIVZMGI MW QEVOIH
EW 94 -J RSX XLI WIVZMGI MW QEVOIH EW (3;2
1SRMXSV 4EVEQIXIVW
8[S X]TIW SJ TEVEQIXIVW GER FI GSRJMKYVIH JSV QSRMXSVW
y 4EVEQIXIVW XLEX EVI WXERHEVH ERH ETTP] XS EPP QSRMXSVW VIKEVHPIWW SJ X]TI
y 4EVEQIXIVW XLEX EVI WTIGMJMG XS XLI X]TI SJ QSRMXSV FIMRK HIJMRIH
7XERHEVH 4EVEQIXIVW
7XERHEVH TEVEQIXIV X]TIW ETTP] XS EPP PSEHFEPERGMRK QSRMXSVW VIKEVHPIWW SJ X]TI )EGL SJ XLI
TEVEQIXIVW GER FI WIX MRHITIRHIRXP] JSV MRHMZMHYEP QSRMXSVW *SV I\EQTPI ER ,884 QSRMXSV GER
FI GSRJMKYVIH [MXL E VIWTSRWI XMQISYX SJ WIGSRHW [LMPI ERSXLIV ,884 QSRMXSV QE] FI
GSRJMKYVIH [MXL E VIWTSRWI XMQISYX SJ WIGSRHW
8LI JSPPS[MRK WXERHEVH TEVEQIXIVW GER FI ETTPMIH XS ER] QSRMXSV VIKEVHPIWW SJ X]TI
-RXIVZEP 8LI MRXIVZEP TEVEQIXIV WTIGMJMIW XLI JVIUYIRG] EX [LMGL XLI LIEPXL
GLIGO TVSFI MW WIRX XS E WIVZMGI
6IWTSRWI 8MQISYX 8LI VIWTSRWIXMQISYX TEVEQIXIV WTIGMJMIW XLI MRXIVZEP SJ XMQI JSV
[LMGL XLI W]WXIQ [EMXW FIJSVI MX QEVOW XLI LIEPXL GLIGO TVSFI EW
*%-0)( %W PSRK EW XLI WIVZIV VIWTSRHW [MXLMR XLI VIWTSRWI
XMQISYX TIVMSH XLI WIVZIV WXEXI [MPP VIQEMR 94 ERH XLI WIVZMGI [MPP
TEVXMGMTEXI MR PSEH FEPERGMRK -J E WIVZMGI JEMPW XLI LIEPXL GLIGO F]
RSX VIWTSRHMRK [MXLMR XLI VIWTSRWI XMQISYX TIVMSH XLI QSRMXSV
JEMPIH GSYRX MW MRGVIQIRXIH %R MRGVIQIRX SJ XLI QSRMXSV JEMPIH
GSYRX GSRWXMXYXIW SRI SJ E RYQFIV SJ VIXVMIW EW WTIGMJMIH MR XLI
VIXVMIW TEVEQIXIV % WYGGIWWJYP VIWTSRWI VIWIXW XLI QSRMXSV JEMPIH
GSYRX XS ÎVS
(S[R 8MQI 8LI HS[R XMQI TEVEQIXIV WTIGMJMIW XLI HYVEXMSR JSV [LMGL XLI
W]WXIQ [EMXW FIJSVI WIRHMRK XLI RI\X LIEPXLGLIGO TVSFI SRGI E
WIVZMGI MW QEVOIH EW (3;2 8LI HIJEYPX HS[RXMQI ZEPYI MW
WIGSRHW I\GITX JSV 0(27 QSRMXSVW [LMGL LEZI E HIJEYPX HS[R
XMQI ZEPYI SJ WIGSRHW
6IXVMIW 8LI VIXVMIW TEVEQIXIV WTIGMJMIW XLI RYQFIV SJ GSRWIGYXMZI LIEPXL

GLIGO TVSFI JEMPYVIW EJXIV [LMGL XLI W]WXIQ QEVOW XLI WIVZMGI EW
(3;2 8LI HIJEYPX VIXVMIW ZEPYI MW
7YGGIWW 6IXVMIW % QSRMXSV TIVMSHMGEPP] IZEPYEXIW XLI WXEXI SJ WIVZMGIW XS MRHMGEXI

[LIXLIV MX MW 94 SV (3;2 -J XLI QSRMXSV HMH RSX VIGIMZI E
VIWTSRWI MR XLI GSRJMKYVIH XMQI ERH MJ XLI RYQFIV SJ VIXVMIW JEMPW
XLI WIVZMGI MW QEVOIH EW (3;2 8LI QSRMXSV TVSFIW QE] JEMP
MRXIVQMXXIRXP] 8LI QSRMXSV IZEPYEXIW XLI WXEXI SJ XLI WIVZMGI EW
(3;2 QEOMRK MX YREZEMPEFPI ;LIR ]SY GSRJMKYVI XLI WYGGIWW
VIXVMIW TEVEQIXIV XLI QSRMXSV QEVOW XLI WXEXI SJ XLI WIVZMGI EW 94
SRP] [LIR XLI QSRMXSV TVSFI WYGGIIHW JSV E GSRWIGYXMZI RYQFIV SJ
VIXVMIW
*EMPYVI 6IXVMIW 8LI JEMPYVI VIXVMIW TEVEQIXIV WTIGMJMIW XLI RYQFIV SJ JEMPIH TVSFIW
XLEX EVI VIUYMVIH XS QEVO XLI WXEXI SJ E WIVZMGI EW (3;2
6IZIVWI 8LI VIZIVWI TEVEQIXIV WTIGMJMIW [LIXLIV E QSRMXSV MW GSRJMKYVIH JSV
VIZIVWI GSRHMXMSRW ;LIR XLI VIZIVWI TEVEQIXIV MW WIX XS =)7 E
LIEPXL GLIGO TVSFI [MPP JEMP MJ XLI GSRHMXMSR SJ XLI QSRMXSV MW
WEXMWJMIH -R RSVQEP GSRHMXMSRW E TVSFI [MPP JEMP [LIR XLI GSRHMXMSRW
SJ E QSRMXSV EVI RSX QIX 8LI VIZIVWI TEVEQIXIV MW HMWEFPIH F]
HIJEYPX
7IGYVI 8LI WIGYVI TEVEQIXIV EPPS[W XLI 2IX7GEPIV W]WXIQ XS QSRMXSV 770
WIVZMGIW ;LIR XLI WXEXI SJ XLI TEVEQIXIV MW WIX XS =)7 XLI
2IX7GEPIV W]WXIQ IWXEFPMWLIW E 8'4 GSRRIGXMSR [MXL XLI HIWXMREXMSR
SJ XLI QSRMXSV ERH XLIR TIVJSVQW EW 770 LERHWLEOI [MXL XLI WIVZIV
8LI WIGYVI TEVEQIXIV MW HMWEFPIH F] HIJEYPX
)\IGYXMRK XLI WLS[ WIVZMGI GSQQERH JSV E WIVZMGI
QSRMXSV HMWTPE]W
y 8LI XSXEP RYQFIV SJ TVSFIW QEHI F] XLI QSRMXSV
y 8LI XSXEP RYQFIV SJ JEMPIH VIWTSRWIW
y 8LI GYVVIRX GSRXMKYSYW JEMPIH VIWTSRWI GSYRX
y 8LI VIWYPX SJ XLI QSWX VIGIRX VIWTSRWI
'VIEXMRK 1SRMXSVW
'VIEXI E QSRMXSV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI QSRMXSV REQI QSRMXSV X]TI ERH ZEPYIW
JSV XLI ETTVSTVMEXI TEVEQIXIVW

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH PF QSRMXSV QSRMXSV2EQI X]TI ?
MRXIVZEP MRXIKIV ?YRMXWAA ?
VIWTXMQISYX MRXIKIV ?YRMXWAA?
6IXVMIW MRXIKIVA ?
WYGGIWW6IXVMIW MRXIKIVA ?
JEMPYVI6IXVMIW MRXIKIVA ?HS[R8MQI MRXIKIV
?YRMXWAA ?VIZIVWI =)7 ` 23 A ?
XVERWTEVIRX =)7 ` 23 A ?
WIGYVI =)7 ` 23 A
8LI HIJEYPX VIWTSRWI XMQISYX YRMX MW WIGSRHW 8S GLERKI XLI YRMX XS QMPPMWIGSRHW WIGSRHW
SV QMRYXIW XLI STXMSREP ZEPYIW SJ QWIG WIG SV QMR GER FI ETTIRHIH JSPPS[MRK XLI MRXIKIV
ZEPYI
,884 1SRMXSVMRK
,884 QSRMXSVW EVI YWIH XS ZIVMJ] XLI LIEPXL SJ ER ,884 WIVZMGI 8LI JSPPS[MRK TVSGIWW HIWGVMFIW
LS[ ,884 QSRMXSVMRK SGGYVW SR XLI 2IX7GEPIV W]WXIQ
8LI 2IX7GEPIV W]WXIQ IWXEFPMWLIW E 8'4 GSRRIGXMSR [MXL XLI WIVZMGI HIWXMREXMSR WTIGMJMIH F] XLI
QSRMXSV
8LI 2IX7GEPIV W]WXIQ WIRHW ER ,884 VIUYIWX XS XLI WIVZMGI
8LI 2IX7GEPIV W]WXIQ GSQTEVIW XLI VIGIMZIH VIWTSRWI XS E WIX SJ EGGITXEFPI VIWTSRWI GSHIW XLEX
[IVI GSRJMKYVIH MR XLI QSRMXSV TEVEQIXIVW
-J XLI VIWTSRWI QEXGLIW ER] GSRJMKYVIH VIWTSRWIW XLI TVSFI MW E WYGGIWW -J XLI VIWTSRWI HSIW
RSX QEXGL ER] GSRJMKYVIH VIWTSRWIW XLI TVSFI JEMPW
-J XLI VIWTSRWI GSHI TEVEQIXIV MW PIJX IQTX] ER] VIWTSRWI JVSQ XLI WIVZMGI MW GSRWMHIVIH E
QEXGL 8LI 2IX7GEPIV W]WXIQ PSSOW JSV QEXGLMRK VIWTSRWI GSHIW MR XLI JMVWX /& SJ HEXE
MR XLI FSH] SJ XLI VIWTSRWI
8LI TEVEQIXIVW JSV XLI ,884 QSRMXSV GER FI GSRJMKYVIH EW JSPPS[W
,884 6IUYIWX 8LI ,884 VIUYIWX TEVEQIXIV WTIGMJMIW XLI ,884 VIUYIWX XS FI WIRX
XS XLI WIVZMGI FSYRH XS XLI QSRMXSV
(IJEYPX ZEPYI ,)%(
6IWTSRWI 'SHIW 8LI VIWTSRWI GSHIW TEVEQIXIV WTIGMJMIW E WIX SJ ,884 VIWTSRWI
GSHIW I\TIGXIH JVSQ XLI WIVZMGI FSYRH XS XLI QSRMXSV
(IJEYPX ZEPYI
)': 1SRMXSVMRK
)\XIRHIH GSRXIRX ZIVMJMGEXMSR )': QSRMXSVW EVI YWIH JSV ZIVMJ]MRK GSRXIRX MR ,884 8'4 ERH
9(4 TE]PSEH )': QSRMXSVW EVI GSRWMHIVIH OIVRIP QSRMXSVW FIGEYWI XLI] EVI FEWMG LMKL
TIVJSVQERGI TVSFIW XLEX SVMKMREXI JVSQ XLI &7( OIVRIP +IRIVEP PMQMXEXMSRW SJ )': QSRMXSVW
MRGPYHI
y ,EZMRK SRI VIUYIWXVIWTSRWI
y ,EZMRK GLEVEGXIVW MR XLI TVSFI VIUYIWX
y ,EZMRK SRP] XLI JMVWX /& SJ XLI TVSFI VIWTSRWI TEVWIH
*SV ,884 ERH 8'4 WIVZMGIW TVIHIJMRIH )\XIRHIH 'SRXIRX :IVMJMGEXMSR )': QSRMXSVW EVI
EZEMPEFPI *SV )': QSRMXSVW MX MW RSX IRSYKL XS WII XLEX E 8'4 GSRRIGXMSR [EW EGGITXIH WSQI
TEVXMGYPEV VITP] MR XLI GSRRIGXMSR MW VIUYMVIH XS QEVO XLI WIVZMGI EW 94 *SV XLIWI QSRMXSVW E
VIUYIWX WXVMRK MW GSRJMKYVIH EPSRK [MXL ER I\TIGXIH VITP] WXVMRK -J XLI VITP] WXVMRK VIGIMZIH F] XLI
QSRMXSV QEXGLIW XLI I\TIGXIH WXVMRK XLIR XLI WIVZMGI MW QEVOIH EW 94
,884)': ERH 8'4)': 1SRMXSVMRK 4VSGIWW

8LI WIGYVI =)7 ` 23 STXMSR EPPS[W XLI 2IX7GEPIV W]WXIQ XS QSRMXSV 770 WIVZMGIW 8'4)': ERH
,884)': TVSFIW MRGPYHI
y 8'4 GSRRIGXMSR
y 770 LERHWLEOI
y )RGV]TXIH WIVZIV HEXE 8'4)': TVSFIW SRP]
y )RGV]TXIH ,884 VIUYIWX ,884)': TVSFIW SRP]
8LI TVSGIWW HIWGVMFIW LS[ ER ,884)': SV 8'4)': QSRMXSV TIVJSVQW E LIEPXLGLIGO TVSFI
8LI 2IX7GEPIV W]WXIQ IWXEFPMWLIW E 8'4 GSRRIGXMSR [MXL XLI WIVZMGI HIWXMREXMSR WTIGMJMIH F] XLI
QSRMXSV
8LI 2IX7GEPIV W]WXIQ WIRHW HEXE WTIGMJMIH MR XLI WIRH WXVMRK TEVEQIXIV XS XLI WIVZMGI
8LI 2IX7GEPIV W]WXIQ GSQTEVIW XLI ,884 VIWTSRWI SV HEXE VIGIMZIH F] XLI WIVZMGI XS XLI
I\TIGXIH VIWTSRWI WTIGMJMIH F] XLI VIGIMZI WXVMRK TEVEQIXIV
8LI TVSFI MW E WYGGIWW MJ XLI VIWTSRWI QEXGLIW XLI HEXE MR XLI VIGIMZI WXVMRK TEVEQIXIV 8LI
TVSFI JEMPW MJ XLI VIWTSRWI HSIW RSX QEXGL
-J XLI VIGIMZI WXVMRK TEVEQIXIV MW PIJX IQTX] ER] VIWTSRWI JVSQ XLI WIVZMGI MW GSRWMHIVIH E
QEXGL 8LI 2IX7GEPIV W]WXIQ PSSOW JSV QEXGLMRK VIWTSRWIW MR XLI JMVWX /& SJ HEXE MR
XLI FSH] SJ XLI VIWTSRWI
,884-20-2) 4EVEQIXIVW
9RPMOI E QSRMXSV X]TI ,884-20-2) QSRMXSVW EREP]Î PMZI GPMIRX XVEJJMG XS E WIVZMGI MRWXIEH SJ
WIRHMRK TVSFIW XS WIVZIVW ;LIR RS VIEP XVEJJMG MW WIRX XS XLI WIVZIV XLI GSRJMKYVIH 960 MW YWIH XS
TVSFI XLI WIVZIV PMOI E VIKYPEV ,884 QSRMXSV 0MOI ER ,884 QSRMXSV ,884-20-2) QSRMXSVW
LEZI XMQISYX ZEPYIW ERH E VIXV] JSV JEMPYVIW 8LIVIJSVI [LIR XLI RYQFIV SJ VIXVMIW I\GIIHW XLI
GSRJMKYVIH ZEPYI XLI WXEXI SJ XLI QSRMXSV ERH WIVZMGI EVI GLERKIH
,884-20-2) QSRMXSVW EVI SRP] GSRJMKYVIH JSV ,884 ERH ,8847 WIVZMGI X]TIW
4EVEQIXIVW XLEX GER FI GSRJMKYVIH JSV ,884 QSRMXSVW MRGPYHI
,884 VIUYIWX 8LI ,884 VIUYIWX TEVEQIXIV WTIGMJMIW XLI ,884 VIUYIWX XS FI WIRX
XS XLI WIVZMGI FSYRH XS XLI QSRMXSV
(IJEYPX ZEPYI ,)%(
6IWTSRWI GSHIW 8LI VIWTSRWI GSHIW TEVEQIXIV WTIGMJMIW E WIX SJ ,884 VIWTSRWI
GSHIW I\TIGXIH JVSQ XLI WIVZMGI FSYRH XS XLI QSRMXSV
(IJEYPX ZEPYI
%GXMSR 8LI EGXMSR TEVEQIXIV WTIGMJMIW XLI EGXMSR XS XEOI YTSR JEMPYVI 8LI
WIVZMGI MW QEVOIH EW (3;2 ERH RS PSRKIV VIGIMZIW XVEJJMG %R]
TIVWMWXIRX GSRRIGXMSRW XS XLI WIVZMGI EVI HMWGEVHIH % PSK IRXV] MW
QEHI MR XLI ZEVPSKRWPSK JMPI
6IZIVWI 'SRHMXMSR 1SRMXSVMRK

8LI VIZIVWI TEVEQIXIV WTIGMJMIW [LIXLIV E QSRMXSV MW GSRJMKYVIH JSV VIZIVWI GSRHMXMSRW ;LIR XLI
VIZIVWI TEVEQIXIV MW WIX XS =)7 E LIEPXLGLIGO TVSFI [MPP JEMP MJ XLI GSRHMXMSR SJ XLI QSRMXSV MW
WEXMWJMIH -R RSVQEP GSRHMXMSRW E TVSFI [MPP JEMP [LIR XLI GSRHMXMSRW SJ E QSRMXSV EVI RSX QIX
*SV I\EQTPI ER ,884)': QSRMXSV MW GSRJMKYVIH [MXL E WIRH WXVMRK SJ +)8 *-0) E VIGIMZI
WXVMRK SJ )6636 ERH XLI VIZIVWI TEVEQIXIV MW WIX XS =)7 -J XLI 2IX7GEPIV W]WXIQ WIRHW E TVSFI
XLEX VIXYVRW E VIWTSRWI [MXL XLI WXVMRK )6636 XLI TVSFI [MPP JEMP -J XLI VIWTSRWI HSIW RSX QEXGL
)6636 XLI TVSFI MW WYGGIWWJYP
8LI VIZIVWI TEVEQIXIV MW HMWEFPIH F] HIJEYPX
7IXXMRK 1SRMXSV 8LVIWLSPHW

8LI 2IX7GEPIV W]WXIQ YWIW QSRMXSV XLVIWLSPHW XS HIXIVQMRI XLI WXEXI SJ WIVZMGIW 8LI XLVIWLSPH
ZEPYI MW YWIH XS QMRMQMÎ XLI MQTEGX SJ WTMOIW MR PSEH JVSQ WLYXXMRK HS[R E WIVZMGI
8LI XLVIWLSPH ZEPYI JVSQ XLI QSRMXSV WTIGMJMIW E ZEPYI XLEX HIXIVQMRIW XLI WXEXI SJ XLI WIVZMGI EW
94 8LI 2IX7GEPIV W]WXIQ HIXIVQMRIW XLI WXEXI SJ XLI WIVZMGI EW 94 SRP] [LIR XLI WYQ SJ XLI
QSRMXSVW XLEX EVI 94 MW IUYEP XS SV KVIEXIV XLER XLI XLVIWLSPH ZEPYI ]SY GSRJMKYVIH SR XLI WIVZMGI
7IX E QSRMXSV XLVIWLSPH JSV E WIVZMGI SR XLI 2IX7GEPIV W]WXIQ
'SRJMKYVEXMSR 9XMPMX] 9RHIV 0SEH &EPERGMRK " 7IVZMGIW

PSGEXMSR
'SQQERHPMRI W]RXE\
WIX WIVZMGI 7IVZMGI2EQI QSR8LVIWLSPH :EPYI
0SEH&EPERGMRK 8STSPSK]
-R E PSEHFEPERGMRK XSTSPSK] E 2IX7GEPIV W]WXIQ MW PSKMGEPP] PSGEXIH FIX[IIR XLI GPMIRX ERH XLI
WIVZIV JEVQ 0SEH FEPERGMRK MW YWIH XS QEREKI XVEJJMG JPS[ XS XLI WIVZIVW MR XLI WIVZIV JEVQ
0SEH&EPERGMRK 4VSGIWW
8LI JMKYVI ERH XLI JSPPS[MRK TVSGIWW HIWGVMFI XLI PSEHFEPERGMRK TVSGIWW
8LI 2IX7GEPIV W]WXIQ VIGIMZIW E YWIV VIUYIWX
% ZMVXYEP WIVZIV TVSGIWWIW XLI VIUYIWX
8LI QSRMXSV GLIGOW XLI WIVZMGI XS HIXIVQMRI [LIXLIV MX MW EZEMPEFPI
8LI PSEHFEPERGMRK WYFW]WXIQ WIRHW XLI VIUYIWX XS XLI WIVZMGI
0SEH&EPERGMRK 1IXLSHW
0SEHFEPERGMRK HIGMWMSRW JSV MRGSQMRK XVEJJMG EVI QEHI FEWIH SR XLI PSEHFEPERGMRK QIXLSH
EWWMKRIH XS XLI WIVZMGI 8LI JSPPS[MRK WIGXMSRW TVSZMHI EZEMPEFPI PSEHFEPERGMRK QIXLSHW
0IEWX 'SRRIGXMSRW
0IEWX GSRRIGXMSRW MW XLI HIJEYPX PSEHFEPERGMRK QIXLSH JSV XLI 2IX7GEPIV W]WXIQ ERH MW XLI QSWX
EGGYVEXI QIXLSH XS HMWXVMFYXI PSEH MRXIPPMKIRXP] 8LI PIEWX GSRRIGXMSR GEPGYPEXMSR YWIH XS HIXIVQMRI
XLI WIVZMGI [MXL XLI JI[IWX RYQFIV SJ GSRRIGXMSRW MW GEPGYPEXIH HMJJIVIRXP] HITIRHMRK SR XLI WIVZMGI
X]TI 8LI JSPPS[MRK XEFPI TVSZMHIW ER SZIVZMI[ SJ XLI WIVZMGIW YWIH F] XLI PIEWX GSRRIGXMSRW PSEH
FEPERGMRK QIXLSH
7IVZMGI (IWGVMTXMSR
8'4 ,884 ,8847 770C8'4 9WIW IWXEFPMWLIH EGXMZI GSRRIGXMSRW XS E WIVZMGI
ERH GSRRIGXMSRW XS E WIVZMGI [EMXMRK MR XLI
7YVKI 5YIYI JSV XLI PIEWX GSRRIGXMSRW
GEPGYPEXMSR
9(4 9WIW EPP WIWWMSRW FIX[IIR XLI GPMIRX ERH XLI

TL]WMGEP WIVZIV JSV XLI PIEWX GSRRIGXMSRW
GEPGYPEXMSR
8LIWI WIWWMSRW EVI PSKMGEP XMQIFEWIH IRXMXMIW
ERH EVI GVIEXIH SR XLI 9(4 TEGOIX XLEX EVVMZIW
JMVWX -J [IMKLXW EVI GSRJMKYVIH XLI] EVI XEOIR
MRXS EGGSYRX [LIR WIVZIV WIPIGXMSR MW GSQTPIXIH
6SYRH 6SFMR
6SYRH VSFMR MW XLI WMQTPIWX PSEHFEPERGMRK QIXLSH HMWXVMFYXMRK XVEJJMG FEWIH SR E WIVZIVVSXEXMSR
W]WXIQ VIKEVHPIWW SJ PSEH
%R MRGSQMRK VIUYIWX MW WIRX XS 7IVZIV XLI RI\X VIUYIWX MW WIRX XS 7IVZIV XLI RI\X VIUYIWX MW WIRX
XS 7IVZIV ERH [LIR EPP WIVZIVW LEZI VIGIMZIH E VIUYIWX XLI G]GPI FIKMRW EKEMR
8LMW QIXLSH MW WYJJMGMIRX MJ EPP VIUYIWXW VIWYPX MR XLI WEQI PSEH SR WIVZIVW FYX MR QSWX GEWIW E QSVI
VSFYWX PSEHFEPERGMRK QIXLSH FEWIH SR QIXVMGW WLSYPH FI YWIH
0IEWX &ERH[MHXL
8LI PIEWXFERH[MHXL PSEHFEPERGMRK QIXLSH HMWXVMFYXIW XVEJJMG FEWIH SR XLI EQSYRX SJ FERH[MHXL
FIMRK HMVIGXIH XS IEGL WIVZMGI ;LIR XLMW PSEHFEPERGMRK QIXLSH MW GSRJMKYVIH XLI 2IX7GEPIV
W]WXIQ VSYXIW XVEJJMG XS XLI WIVZMGI GYVVIRXP] WIVZMRK XLI WQEPPIWX EQSYRX SJ XVEJJMG -J [IMKLXW EVI
GSRJMKYVIH JSV E WIVZMGI XLI] EVI XEOIR MRXS EGGSYRX MR XLI GEPGYPEXMSR XS HIXIVQMRI WIVZIV WIPIGXMSR
0IEWX 4EGOIXW
8LI PIEWXTEGOIXW PSEHFEPERGMRK QIXLSH HMWXVMFYXIW XVEJJMG FEWIH SR XLI VEXI SJ TEGOIX XVEJJMG XS E
WIVZMGI 8LI 2IX7GEPIV W]WXIQ [MPP QEOI E PSEHFEPERGMRK WIWWMSR FEWIH SR XLI WIVZMGI GYVVIRXP]
WIVZMRK XLI JI[IWX TEGOIXW TIV WIGSRH -J [IMKLXW EVI GSRJMKYVIH JSV E WIVZMGI XLIR XLI] EVI XEOIR
MRXS EGGSYRX MR XLI GEPGYPEXMSR XS HIXIVQMRI WIVZIV WIPIGXMSR
0IEWX 6IWTSRWI 8MQI

8LI PIEWXVIWTSRWIXMQI PSEHFEPERGMRK QIXLSH GER FI YWIH [MXL ,884 SV ,8847 ZMVXYEP WIVZIVW
XS HMWXVMFYXI XVEJJMG FEWIH SR XLI EZIVEKI VIWTSRWI XMQI SJ IEGL WIVZMGI 8LI VIWTSRWI XMQI EPWS
VIJIVVIH XS EW 8MQI XS *MVWX &]XI 88*& MW XLI XMQI MRXIVZEP FIX[IIR WIRHMRK E VIUYIWX TEGOIX XS E
WIVZMGI ERH VIGIMZMRK XLI JMVWX VIWTSRWI TEGOIX % ZMVXYEP WIVZIV GSRJMKYVIH JSV PIEWXVIWTSRWIXMQI
PSEH FEPERGMRK [MPP HMVIGX XVEJJMG XS XLI WIVZMGI [MXL XLI WLSVXIWX EZIVEKI VIWTSRWI XMQI -J [IMKLXW
EVI GSRJMKYVIH JSV E WIVZMGI XLI] EVI XEOIR MRXS EGGSYRX MR XLI GEPGYPEXMSR XS HIXIVQMRI WIVZIV
WIPIGXMSR
8LI VIWTSRWIXMQI GEPGYPEXMSR MW EP[E]W LMWXSVMGEP %W E VIWYPX MX QE] RSX FI E KSSH QIXVMG JSV
IRZMVSRQIRXW XLEX LEZI XVEJJMG XLEX JPYGXYEXIW KVIEXP] SZIV WLSVX TIVMSHW SJ XMQI
,EWLMRK
8LI LEWLMRK PSEHFEPERGMRK QIXLSH VIJIVW XS E RYQFIV SJ HMJJIVIRX PSEHFEPERGMRK QIXLSHW XLEX EPP
YWI E LEWL ZEPYI 8LI LEWL ZEPYI MW GEPGYPEXIH FEWIH SR E TEVXMGYPEV EWTIGX SJ XLI GPMIRX VIUYIWX ERH
XLI VIWYPXMRK ZEPYI HIXIVQMRIW [LIVI XS JSV[EVH XVEJJMG ,EWLMRK QIXLSHW EPPS[ XLI ZMVXYEP WIVZIV XS
GEXIKSVMÎ VIUYIWXW ERH HMVIGX XLIWI VIUYIWXW X]TIW XS XLI WEQI TL]WMGEP VIWSYVGI (ITIRHMRK SR XLI
LEWLMRK QIXLSH YWIH XLI X]TI SJ XLI VIUYIWXW GER FI GSRXVSPPIH
8SOIR
8LI XSOIR PSEHFEPERGMRK QIXLSH HMWXVMFYXIW XVEJJMG FEWIH SR XLI ZEPYI SJ E XSOIR I\XVEGXIH JVSQ E
GPMIRX VIUYIWX *SV WYFWIUYIRX VIUYIWXW XLEX GSRXEMR XLI WEQI XSOIR XLI ZMVXYEP WIVZIV GLSSWIW XLI
WEQI TL]WMGEP WIVZIV XLEX LERHPIH XLI MRMXMEP VIUYIWX
8SOIRFEWIH PSEH FEPERGMRK MW GSRXIRXE[EVI ERH STIVEXIH HMJJIVIRXP] HITIRHMRK SR XLI X]TI SJ
WIVZMGI FIMRK YWIH *SV ,884 ERH ,8847 WIVZMGIW XLI XSOIR MW JSYRH MR XLI ,884 LIEHIVW SV
960 ERH MW GSRJMKYVIH XLVSYKL ER I\TVIWWMSR *SV 8'4 WIVZMGIW XSOIRW EVI I\XVEGXIH JVSQ XLI 8'4
TE]PSEH
8LI EHZERXEKI SJ XSOIR PSEH FEPERGMRK MW XLEX MX GER FI YWIH EGVSWW :-4 EHHVIWWIW XS IRWYVI XLEX
VIUYIWXW [MXLMR XLI WEQI XSOIR EVI HMVIGXIH XS XLI WEQI TL]WMGEP WIVZIVW VIKEVHPIWW SJ XLI TVSXSGSP
8LI HMWEHZERXEKI MW XLEX MX [SVOW SRP] SR XLI VIUYIWX 8SOIR PSEH FEPERGMRK GERRSX XMI XLI XSOIR
JVSQ XLI VIUYIWX XS XLI WIVZIV MX [EW WIRX JVSQ WS XSOIR PSEH FEPERGMRK MW KIRIVEPP] RSX YWIJYP JSV
NWIWWMSRMH SV SXLIV WIVZIVWIX XSOIRW
y 8LMW PMWX SJ PSEHFEPERGMRK QIXLSHW GSZIVW SRP] XLI FEWMG QIXLSHW

y 7IVZIV %TTPMGEXMSR 7XEXI 4VSXSGSP 7%74 MW WYTTSVXIH JSV EPP PSEHFEPERGMRK QIXLSHW
XLEX YWI WIVZMGI [IMKLXW 6IJIV XS 'MXVM\ 2IX7GEPIV 8VEJJMG 1EREKIQIRX +YMHI SR XLI
LXXTWYTTSVXGMXVM\GSQ ;IF WMXI JSV E GSQTPIXI PMWX SJ PSEHFEPERGMRK QIXLSHW SV
JSV QSVI MRJSVQEXMSR SR 7%74 PSEH FEPERGMRK
7IVZMGI ;IMKLXW
7IVZMGI [IMKLXW EPPS[ ]SY XS QSVI GPSWIP] QEREKI PSEHFEPERGMRK HIGMWMSRW MR ER IRZMVSRQIRX
&IGEYWI WIVZMGIW GER FI EWWMKRIH HMJJIVIRX [IMKLXW XLI ZEPYIW EVI GSQTEVIH ERH XVEJJMG MW HMZMHIH
FEWIH SR XLI IJJIGXMZI [IMKLX VEXMS 7IVZMGI [IMKLXW EVI YWIJYP [LIR PSEH FEPERGMRK XLI XVEJJMG MR ER
IRZMVSRQIRX [LIVI E RI[ WIVZIV LEW FIIR EHHIH XLEX GER LERHPI QSVI XVEJJMG XLER SXLIV WIVZIVW
7IVZMGI [IMKLXW GER FI GSRJMKYVIH JSV XLI JSPPS[MRK PSEHFEPERGMRK QIXLSHW
y 0IEWX GSRRIGXMSRW
y 6SYRH VSFMR
y 0IEWX FERH[MHXL
y 0IEWX TEGOIXW
y 0IEWX VIWTSRWI XMQI
7IVZMGI ;IMKLXW )\EQTPI

7IVZMGIW % ERH & [MXL VIWTIGXMZI [IMKLXW SJ ERH EVI GSRJMKYVIH XS YWI VSYRHVSFMR PSEH
FEPERGMRK -R XLMW GEWI XVEJJMG [SYPH FI HMWXVMFYXIH EW JSPPS[W %%&&&%%&&& 8LI WEQI RIX
HMWXVMFYXMSR EW 7IVZMGI % VIUYIWXW JSPPS[IH F] 7IVZMGI & VIUYIWXW MW EGGSQTPMWLIH FYX
[MXLSYX MRYRHEXMRK SRI WIVZIV ERH XLIR XLI SXLIV
'VIEXI E WIVZMGI [IMKLX SR XLI 2IX7GEPIV F] WTIGMJ]MRK XLI [IMKLX ZEPYI JSV XLI ETTVSTVMEXI WIVZIVW
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 0SEH &EPERGMRK " :MVXYEP 7IVZIVW RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
EHH PF ZWIVZIV ZWIVZIV2EQI
[IMKLX TSWMXMZI-RXIKIV WIVZMGI2EQI
7IWWMSR 4IVWMWXIRGI
;LMPI PSEHFEPERGMRK HIGMWMSRW EVI RSVQEPP] QEHI FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH
ETTPMGEXMSRW QE] VIUYMVI E GPMIRX XS GSRRIGX XS XLI WEQI WIVZIV JSV EPP WYFWIUYIRX VIUYIWXW WYGL EW
[MXL WLSTTMRK GEVXW YWIH SR IGSQQIVGI ;IF WMXIW 7IWWMSR TIVWMWXIRGI MW GSRJMKYVIH XS IRWYVI XLEX
EPP VIUYIWXW JVSQ E GPMIRX EVI HMVIGXIH XS E TEVXMGYPEV WIVZIV VIKEVHPIWW SJ XLI PSEHFEPERGMRK
QIXLSH 4IVWMWXIRGI GER FI GSRJMKYVIH JSV IEGL PSEHFEPERGMRK ZMVXYEP WIVZIV EW [IPP EW JSV KVSYTW
SJ PSEHFEPERGMRK ZMVXYEP WIVZIVW
y ;LIR TIVWMWXIRGI MW YWIH ERH E WIVZMGI MW WIPIGXIH XLEX MW RSX MR XLI 94 WXEXI E RI[
WIVZIV WIPIGXMSR MW QEHI FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH 8LI RI[
WIVZIV FIGSQIW TIVWMWXIRX JSV WYFWIUYIRX VIUYIWXW JVSQ XLI GPMIRX
y 4IVWMWXIRGI MW RSX GSRJMKYVIH F] HIJEYPX
7IWWMSR TIVWMWXIRGI MW RSX XLI WEQI EW TIVWMWXIRX 8'4 GSRRIGXMSRW 4IVWMWXIRX 8'4 GSRRIGXMSRW EVI
VIUYMVIH JSV GSRRIGXMSR QYPXMTPI\MRK ERH VIYWI SJ PE]IV WIWWMSR TIVWMWXIRGI STIVEXIW EX PE]IV XS
WIRH YWIVW XS XLI WIVZIV XLEX LEW XLIMV WXSVIH WIWWMSR MRJSVQEXMSR
'SRJMKYVI WIWWMSR TIVWMWXIRGI SR XLI 2IX7GEPIV W]WXIQ F] WIPIGXMRK XLI ZMVXYEP WIVZIV ERH WTIGMJ]MRK
XLI ETTVSTVMEXI TIVWMWXIRGI QIXLSH
PSGEXMSR
'SQQERHPMRI W]RXE\
WIX PF ZWIVZIV ZWIVZIV2EQI
TIVWMWXIRGI8]TI WSYVGIMT `GSSOMI-RWIVX`
WWP7IWWMSR ` VYPI ` YVP4EWWMZI `
GYWXSQ7IVZIV-( ` HIWXMT ` WVGMTHIWXMT
`GEPPMH ` RSRI XMQISYX QMRYXIW
2SR4IVWMWXIRX 'PMIRXW
%R 6874 WIWWMSR GER WTVIEH EGVSWW QYPXMTPI 8'4 GSRRIGXMSRW RSRTIVWMWXIRX GEWIW [LMGL GER FI
IEWMP] EHHVIWWIH FIGEYWI XLI WIVZIV -4 EHHVIWW ERH TSVX EVI IRGSHIH MR XLI WIWWMSR -( SV XLVSYKL
WIWWMSR IRXVMIW QEMRXEMRIH SR XLI 2IX7GEPIV W]WXIQ
4IVWMWXIRGI 1IXLSHW
4IVWMWXIRGI QIXLSHW EVI HIXIVQMRIH FEWIH SR XLI QIXLSH EWWMKRIH XS XLI WIVZMGI 8LI JSPPS[MRK
WIGXMSRW TVSZMHI MRJSVQEXMSR EFSYX EZEMPEFPI TIVWMWXIRGI QIXLSHW
'SSOMI-RWIVX 4IVWMWXIRGI
'SSOMIMRWIVX TIVWMWXIRGI MRWIVXW ER ,884 GSSOMI MR XLI GPMIRX VIWTSRWIW 8LI GSSOMI MW XLIR YWIH
XS HMVIGX WYFWIUYIRX VIUYIWXW JVSQ XLI GPMIRX XS XLI WEQI TL]WMGEP WIVZIV XLEX LERHPIH XLI MRMXMEP
VIUYIWX 8LI GSSOMI GSRXEMRW XLI -4 EHHVIWW ERH TSVX RYQFIV SJ XLI WIVZMGI XS [LMGL XLI GPMIRX
VIUYIWX MW HMVIGXIH
-J E GPMIRX MW YREFPI XS WXSVI E GSSOMI WYFWIUYIRX VIUYIWXW JVSQ XLEX GPMIRX [MPP RSX LEZI E
GSSOMI ERH WIWWMSR TIVWMWXIRGI [MPP RSX FI LSRSVIH % PSEHFEPERGMRK HIGMWMSR [MPP FI
QEHI FEWIH SR XLI GSRJMKYVIH QIXLSH
8LI XMQISYX ZEPYI JSV GSSOMIMRWIVX TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E WIWWMSR -J XLI
XMQISYX ZEPYI MW WIX XS XLI WIWWMSR RIZIV I\TMVIW MR XLI 2IX7GEPIV W]WXIQ LS[IZIV XLI I\TMVEXMSR
XMQI MW HITIRHIRX SR XLI GPMIRX WSJX[EVI YWIH ERH GSSOMIW YWYEPP] I\TMVI [LIR XLI GPMIRX WSJX[EVI
MW GPSWIH
-J GSSOMIMRWIVX MW GSRJMKYVIH EW XLI TVMQEV] TIVWMWXIRGI QIXLSH ERH WSYVGI-4EHHVIWW MW

GSRJMKYVIH EW XLI FEGOYT HMJJIVIRX XMQISYX ZEPYIW GER FI WIX JSV IEGL QIXLSH
&EGOYT TIVWMWXIRGI MW XLI QIXLSH YWIH [LIR XLI TVMQEV] TIVWMWXIRGI QIXLSH JEMPW ;LIR GSSOMI
MRWIVX TIVWMWXIRGI MW YWIH WSYVGI-4EHHVIWW TIVWMWXIRGI GER FI GSRJMKYVIH EW XLI FEGOYT TIVWMWXIRGI
QIXLSH MR SVHIV XS QEMRXEMR TIVWMWXIRGI WIWWMSRW *SV I\EQTPI MJ E GPMIRX MW YWMRK E ;IF FVS[WIV
XLEX HSIW RSX WYTTSVX GSSOMIW TIVWMWXIRGI MW FEWIH SR XLI WSYVGI -4 EHHVIWW SJ XLI GPMIRX MRWXIEH
7SYVGI-4%HHVIWW 4IVWMWXIRGI
7SYVGI-4EHHVIWW TIVWMWXIRGI VSYXIW E GPMIRX VIUYIWX FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK
QIXLSH ERH XLIR HMVIGXW EPP WYFWIUYIRX VIUYIWXW JVSQ XLI WEQI -4 EHHVIWW XS XLI TL]WMGEP WIVZIV
XLEX LERHPIH XLI MRMXMEP VIUYIWX
8VEJJMG TEWWMRK XLVSYKL E 2%8 HIZMGI [MPP ETTIEV XS SVMKMREXI JVSQ XLI WEQI -4 EHHVIWW
-J QSWX GPMIRX VIUYIWXW JPS[ XLVSYKL E 2%8 HIZMGI WSYVGI -4 EHHVIWW TIVWMWXIRGI QE] RSX
FI XLI QSWX IJJMGMIRX PSEHFEPERGMRK QIXLSH FIGEYWI IZIV] VIUYIWX [MPP FI HMVIGXIH XS XLI
WEQI TL]WMGEP WIVZIV IZIR XLSYKL XLI VIUYIWXW SVMKMREXI JVSQ QYPXMTPI GPMIRXW
7SYVGI-4EHHVIWW TIVWMWXIRGI WIWWMSRW EVI WXSVIH MR E TIVWMWXIRGI XEFPI [LMGL GSRWYQIW W]WXIQ
VIWSYVGIW % QE\MQYQ SJ IRXVMIW GER FI WXSVIH MR XLI TIVWMWXIRGI XEFPI EX ER] SRI XMQI
8LI XMQISYX ZEPYI JSV WSYVGI-4EHHVIWW TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E WIWWMSR 3RGI
XLI XMQISYX ZEPYI MW VIEGLIH XLI WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW FEWIH SR XLI
GSRJMKYVIH PSEHFEPERGMRK QIXLSH
-J GSSOMI MRWIVX MW GSRJMKYVIH EW XLI TVMQEV] TIVWMWXIRGI QIXLSH ERH WSYVGI-4EHHVIWW MW

GSRJMKYVIH EW XLI FEGOYT TIVWMWXIRGI QIXLSH HMJJIVIRX XMQISYX ZEPYIW GER FI WIX JSV IEGL
QIXLSH
770 7IWWMSR -( 4IVWMWXIRGI
770WIWWMSR-( TIVWMWXIRGI MW FEWIH SR XLI EVVMZMRK 770 WIWWMSR -( MR E VIUYIWX [LMGL MW TEVX SJ XLI
770 LERHWLEOI TVSGIWW 6IUYIWXW GSRXEMRMRK XLI WEQI 770 WIWWMSR -( EVI HMVIGXIH XS XLI TL]WMGEP
WIVZIV XLEX TVSGIWWIH XLI MRMXMEP VIUYIWX
770WIWWMSR-( TIVWMWXIRGI WIWWMSRW EVI WXSVIH MR E TIVWMWXIRGI XEFPI ERH XLIVIJSVI GSRWYQI W]WXIQ
8LI XMQISYX ZEPYI JSV 770WIWWMSR-( TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E WIWWMSR 3RGI XLI
XMQISYX ZEPYI MW VIEGLIH XLI WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW FEWIH SR XLI
770WIWWMSR-( TIVWMWXIRGI MW RSX KIRIVEPP] VIGSQQIRHIH EW QER] ;IF FVS[WIVW

VIRIKSXMEXI XLI 770 WIWWMSR EW SJXIR EW IZIV] X[S QMRYXIW -R WYGL E GEWI XLI TIVWMWXIRGI MW
SJXIR FVSOIR 8LI 770 WIWWMSR MW KIRIVEPP] RSX PSRK IRSYKL XS YWI EW E TIVWMWXIRGI GVMXIVME
JSV X]TMGEP ;IF WIWWMSRW
960 4EWWMZI 4IVWMWXIRGI

960TEWWMZI TIVWMWXIRGI PSSOW JSV ER IQFIHHIH WIVZIV -( MR GPMIRX VIUYIWXW ERH XLIR HMVIGXW XLI
VIUYIWX XS XLI TL]WMGEP WIVZIV XLEX GSVVIWTSRHW XS XLI -( &IGEYWI XLMW TIVWMWXIRGI QIXLSH HSIW RSX
GSRWYQI W]WXIQ VIWSYVGIW MX GER EGGSQQSHEXI ER YRPMQMXIH RYQFIV SJ TIVWMWXIRX GPMIRXW
% WIVZIV -( GSRXEMRMRK XLI -4 EHHVIWW ERH TSVX RYQFIV SJ E TL]WMGEP WIVZIV MW IQFIHHIH MRXS XLI
960 UYIV] SJ ,810 PMROW ;LIR WYFWIUYIRX VIUYIWXW EVI QEHI JVSQ XLI WEQI GPMIRX XLI W]WXIQ
I\XVEGXW XLI WIVZIV -( JVSQ XLI VIUYIWX ERH VSYXIW XLI XVEJJMG XS XLI TL]WMGEP WIVZIV XLEX TVSGIWWIH
XLI MRMXMEP VIUYIWX
960TEWWMZI TIVWMWXIRGI VIUYMVIW ER I\TVIWWMSR XS FI GSRJMKYVIH XLEX WTIGMJMIW XLI PSGEXMSR SJ XLI
WIVZIV -( MR XLI GPMIRX VIUYIWX 960TEWWMZI TIVWMWXIRGI GER EGGSQQSHEXI ER YRPMQMXIH RYQFIV SJ
TIVWMWXIRX GPMIRXW FIGEYWI MX HSIW RSX GSRWYQI W]WXIQ VIWSYVGIW 960TEWWMZI TIVWMWXIRGI HSIW RSX
YWI E XMQISYX ZEPYI 4IVWMWXIRGI WIWWMSRW EVI QEMRXEMRIH EW PSRK EW XLI WIVZIV -( GER FI I\XVEGXIH
JVSQ GPMIRX VIUYIWXW
'YWXSQ 7IVZIV -( 4IVWMWXIRGI

'YWXSQWIVZIV-( TIVWMWXIRGI PSSOW JSV ER IQFIHHIH WIVZIV -( MR GPMIRX VIUYIWXW ERH XLIR HMVIGXW
XLI VIUYIWXW XS XLI TL]WMGEP WIVZIV XLEX GSVVIWTSRHW XS XLI -( 8LI WIVZIV -( MW ER EHQMRMWXVEXMZIP]
GSRJMKYVIH MRXIKIV VERKMRK JVSQ XS [LMGL MW IQFIHHIH MRXS XLI 960 UYIV] SJ ,810
PMROW ;LIR E VIUYIWX MW VIGIMZIH XLEX GSRXEMRW E WIVZIV -( XLI VIUYIWX MW VSYXIH XS XLI
GSVVIWTSRHMRK TL]WMGEP WIVZIV
'YWXSQWIVZIV-( TIVWMWXIRGI VIUYMVIW ER I\TVIWWMSR XS FI GSRJMKYVIH XLEX WTIGMJMIW XLI PSGEXMSR SJ
XLI WIVZIV -( MR XLI GPMIRX VIUYIWX
-J XLI WIVZIV -( GERRSX FI I\XVEGXIH JVSQ E VIUYIWX E PSEHFEPERGMRK HIGMWMSR MW QEHI
FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH
'YWXSQWIVZIV-( TIVWMWXIRGI HSIW RSX YWI E XMQISYX ZEPYI 4IVWMWXIRGI WIWWMSRW EVI QEMRXEMRIH EW
PSRK EW XLI WIVZIV -( GER FI I\XVEGXIH JVSQ GPMIRX VIUYIWXW
6YPIFEWIH 4IVWMWXIRGI
6YPIFEWIH TIVWMWXIRGI IZEPYEXIW E GPMIRX VIUYIWX EKEMRWX E GSRJMKYVIH VYPI ERH GVIEXIW E TIVWMWXIRGI
WIWWMSR MJ XLI VIUYIWX MW E QEXGL -J E VIUYIWX QEXGLIW XLI GSRXIRXW SJ XLI VYPI E TIVWMWXIRGI WIWWMSR
MW GVIEXIH ERH EPP WYFWIUYIRX QEXGLMRK VIUYIWXW EVI HMVIGXIH XS XLI TL]WMGEP WIVZIV YWIH XS TVSGIWW
XLI MRMXMEP VIUYIWX -J XLI VIUYIWX HSIW RSX QEXGL MX MW VSYXIH XS E WIVZIV FEWIH SR XLI GSRJMKYVIH
PSEHFEPERGMRK QIXLSH
6YPIFEWIH TIVWMWXIRGI VIUYMVIW ER I\TVIWWMSR XS FI GSRJMKYVIH XLEX HIJMRIW XLI VYPI XS FI YWIH MR
QEXGLMRK
6YPIFEWIH TIVWMWXIRGI WIWWMSRW EVI WXSVIH MR E TIVWMWXIRGI XEFPI ERH XLIVIJSVI GSRWYQI W]WXIQ
8LI XMQISYX ZEPYI JSV VYPIFEWIH TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E WIWWMSR 3RGI XLI
XMQISYX ZEPYI MW VIEGLIH XLI WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW FEWIH SR XLI
(IWXMREXMSR -4 %HHVIWW 4IVWMWXIRGI

(IWXMREXMSR-4EHHVIWW TIVWMWXIRGI MW YWIH [MXL PMRO PSEH FEPERGMRK ;LIR XLMW TIVWMWXIRGI QIXLSH
MW YWIH XLI W]WXIQ WIPIGXW E WIVZMGI FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH ERH XLIR HMVIGXW
EPP WYFWIUYIRX TEGOIXW XLEX EVI HIWXMRIH XS XLI WEQI -4 EHHVIWW EW XLI JMVWX TEGOIX XS XLI WEQI
WIVZMGI
8LI XMQISYX ZEPYI JSV (IWXMREXMSR-4EHHVIWW TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E WIWWMSR
3RGI XLI XMQISYX ZEPYI MW VIEGLIH XLI WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW FEWIH SR
XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH
7SYVGI(IWXMREXMSR -4 %HHVIWW 4IVWMWXIRGI

7SYVGIHIWXMREXMSR-4EHHVIWW TIVWMWXIRGI MW YWIH [MXL MRXVYWMSRHIXIGXMSRW]WXIQ -(7 PSEH
FEPERGMRK ;LIR XLMW TIVWMWXIRGI QIXLSH MW YWIH XLI W]WXIQ WIPIGXW E WIVZMGI FEWIH SR XLI
GSRJMKYVIH PSEHFEPERGMRK QIXLSH ERH XLIR HMVIGXW EPP WYFWIUYIRX TEGOIXW XVEZIPMRK JVSQ XLI WEQI
WSYVGI XS XLI WEQI HIWXMREXMSR XS XLI WEQI TL]WMGEP WIVZMGI XLEX VIGIMZIH XLI JMVWX TEGOIX
8LI XMQISYX ZEPYI JSV WSYVGIHIWXMREXMSR-4EHHVIWW TIVWMWXIRGI MW XLI TIVMSH SJ MREGXMZMX] JSV E
WIWWMSR 3RGI XLI XMQISYX ZEPYI MW VIEGLIH XLI WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW
FEWIH SR XLI GSRJMKYVIH PSEHFEPERGMRK QIXLSH
4IVWMWXIRGI 8EFPIW
7IWWMSR TIVWMWXIRGI MRJSVQEXMSR JSV IEGL WIWWMSR MW WXSVIH SR XLI 2IX7GEPIV W]WXIQ MR E TIVWMWXIRGI
XEFPI 8LI JSPPS[MRK MRJSVQEXMSR MW HMWTPE]IH MR XLI XEFPI
y 4IVWMWXIRGI X]TI
y 7SYVGI -4 EHHVIWW
y (IWXMREXMSR -4 EHHVIWW
y (IWXMREXMSR TSVX
y :MVXYEP WIVZIV REQI
y 4IVWMWXIRX WIWWMSR XMQISYX
y 6IJIVIRGI GSYRX
y 7-4 '%00-(
:MI[ WIWWMSR TIVWMWXIRGI MRJSVQEXMSR SR XLI 2IX7GEPIV W]WXIQ F] EGGIWWMRK XLI TIVWMWXIRGI XEFPI
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 7]WXIQ " (MEKRSWXMGW " 1SRMXSVMRK RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
WLS[ RW TIVWMWXIRGIWIWWMSR
%HHMXMSREP 0SEH&EPERGMRK 3TXMSRW
-R EHHMXMSR XS XLI FEWMG PSEHFEPERGMRK STXMSRW EPVIEH] HMWGYWWIH XLI JSPPS[MRK EHZERGIH PSEH
FEPERGMRK STXMSRW GER FI GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ
7TMPPSZIV
7TMPPSZIV SGGYVW [LIR E ZMVXYEP WIVZIV I\GIIHW E WIX XLVIWLSPH ZEPYI ERH RI[ GSRRIGXMSR VIUYIWXW
EVI HMZIVXIH XS E FEGOYT ZMVXYEP WIVZIV
8LI JSPPS[MRK XEFPI TVSZMHIW ER SZIVZMI[ SJ XLI XLVII X]TIW SJ WTMPPSZIV
7TMPPSZIV (IWGVMTXMSR
'SRRIGXMSRFEWIH 'SRRIGXMSRFEWIH WTMPPSZIV SGGYVW [LIR XLI
RYQFIV SJ EGXMZI GSRRIGXMSRW SV 770 WIWWMSRW
I\GIIHW XLI GSRJMKYVIH XLVIWLSPH ZEPYI [LMGL MW
ETTPMGEFPI JSV FSXL PSEHFEPERGMRK ERH GSRXIRX
W[MXGLMRK ZMVXYEP WIVZIVW
'SRRIGXMSRFEWIH WTMPPSZIV MW EZEMPEFPI
SRP] SR EHHVIWW ERH GSRXIRXFEWIH
ZMVXYEP WIVZIVW
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FERH[MHXL SJ E ZMVXYEP WIVZIV I\GIIHW XLI
GSRJMKYVIH XLVIWLSPH ZEPYI [LMGL MW ETTPMGEFPI
JSV FSXL PSEH FEPERGMRK ERH GSRXIRX W[MXGLMRK
ZMVXYEP WIVZIVW
(]REQMG (]REQMG WTMPPSZIV SGGYVW [LIR XLI RYQFIV SJ

GPMIRX GSRRIGXMSRW XS E ZMVXYEP WIVZIV I\GIIHW XLI
WYQ SJ XLI 1E\ 'PMIRX ZEPYIW SR EPP SJ XLI
EGXMZI WIVZMGIW XLEX EVI FSYRH XS XLI ZMVXYEP
WIVZIV -X MW SRP] ETTPMGEFPI JSV PSEHFEPERGMRK
ZMVXYEP WIVZIVW
(]REQMG WTMPPSZIV QYWX FI IREFPIH FIJSVI MX GER
FI YWIH ERH MW EZEMPEFPI SRP] SR EHHVIWWFEWIH
ZMVXYEP WIVZIVW
7IVZMGIW FSYRH XS XLI ZMVXYEP WIVZIV WLSYPH FI
GSRJMKYVIH [MXL ETTVSTVMEXI 1E\ 'PMIRX ZEPYIW
*SV I\EQTPI MJ XLI 1E\ 'PMIRX ZEPYI MW WIX XS
XLI WTMPPSZIV PMQMX MW XVIEXIH EW MRJMRMX] ERH
WTMPPSZIV [MPP RIZIV SGGYV
1E\ 'PMIRX ERH 1E\ &ERH[MHXL
8LI 1E\ 'PMIRX WIXXMRK WTIGMJMIW XLI QE\MQYQ RYQFIV SJ STIR GSRRIGXMSRW XLEX GER FI QEHI XS E
WIVZMGI 8LI 1E\ &ERH[MHXL WIXXMRK WTIGMJMIW XLI QE\MQYQ FERH[MHXL MR /FTW XLEX GER FI YWIH F]
E WIVZMGI 8LMW WIXXMRK MW YWIH EW TEVX SJ FERH[MHXLFEWIH WTMPPSZIV
6IHMVIGX 960
%R STXMSR JSV QEREKMRK E HMWEFPIH ZMVXYEP WIVZIV SV SRI [LSWI WXEXI MW WIX XS (3;2 MW XS GSRJMKYVI
E VIHMVIGX 960 XLEX WIRHW GPMIRXW XS E WMXI XLEX GSQQYRMGEXIW XLI WMXI WXEXYW % VIHMVIGX 960 GER FI
YWIH SR ER] ZMVXYEP WIVZIV SJ X]TI ,884 SV ,8847 ERH GER FI IMXLIV E PSGEP SV VIQSXI PMRO
-J E GSQTPIXI 960 MW TVSZMHIH MR XLI VIHMVIGX WIXXMRK XLI ,884 6IHMVIGX WIRHW XLI GPMIRX XS XLI
I\EGX 960 WTIGMJMIH -J XLI 960 MW MRGSQTPIXI XLI TEXL XLEX XLI GPMIRX [EW VIUYIWXMRK MW ETTIRHIH
XS XLI VIHMVIGX 960 ERH XLI GPMIRX MW WIRX XS XLEX GSQTSWMXI VIWSYVGI
&EGOYT :MVXYEP 7IVZIVW

-J E ZMVXYEP WIVZIV KSIW HS[R JSV ER] VIEWSR XLIR XVEJJMG GER EYXSQEXMGEPP] FI VIHMVIGXIH XS E FEGOYT
ZMVXYEP WIVZIV MJ SRI MW GSRJMKYVIH &EGOYT ZMVXYEP WIVZIVW EVI SJXIR YWIH XS MRJSVQ GPMIRXW EFSYX WMXI
SYXEKI SV QEMRXIRERGI
;LIR XLI SVMKMREP ZMVXYEP WIVZIV MW VIWXSVIH XS 94 WXEXYW RI[ GSRRIGXMSRW EVI SRGI EKEMR HMVIGXIH
XS MX 8LI ZMVXYEP WIVZIV HIWMKREXIH EW E FEGOYT QE] LEZI E FEGOYT ZMVXYEP WIVZIV SJ MXW S[R 8LMW
RIWXIH FEGOYT ZMVXYEP WIVZIV GSRJMKYVEXMSR QE] I\MWX YT XS XIR PE]IVW HIIT
%HZERGIH 0SEH&EPERGMRK 1IXLSHW
8LVII EHZERGIH PSEHFEPERGMRK QIXLSHW XLEX EVI EZEMPEFPI SR XLI 2IX7GEPIV W]WXIQ EVI PIEWX
VIWTSRWIXMQI FEWIH SR QSRMXSVMRK XSOIRFEWIH PSEH FEPERGMRK ERH LEWL PSEH FEPERGMRK 8LI
PIEWXVIWTSRWIXMQI QIXLSH GLSSWIW XLI WIVZMGI [MXL XLI QMRMQYQ EZIVEKI VIWTSRWI XMQI 8SOIR
PSEH FEPERGMRK MW FEWIH SR QEXGLMRK E XSOIR [MXL XLI VIUYIWX SV 8'4 TE]PSEH ,EWL PSEH FEPERGMRK
MRGPYHIW WIZIVEP QIXLSHW XLEX YWI E LEWL ZEPYI SJ WSQI EWTIGX SJ XLI GPMIRX VIUYIWX XS HIXIVQMRI
[LIVI XS JSV[EVH XLI VIUYIWX
8LI 2IX7GEPIV LEWLMRK X]TIW MRGPYHI
y 960 LEWLMRK
y (SQEMRREQI LEWLMRK
y 7SYVGI-4EHHVIWW LEWLMRK
y (IWXMREXMSR-4EHHVIWW LEWLMRK
y 7SYVGIHIWXMREXMSR -4 LEWLMRK
8SOIR
% XSOIR MW GVIEXIH FEWIH SR XLI GPMIRX VIUYIWX ERH XLI VIUYIWX MW JSV[EVHIH XS E WIVZMGI FEWIH SR
XLI VIWYPXW SJ XLEX XSOIR 8LI I\EGX GLSMGI SJ ZEVMEFPIW ERH XSOIR GSRJMKYVEXMSR EVI YWIV
GSRJMKYVEFPI %R EHZERXEKI SJ XLMW OMRH SJ PSEHFEPERGMRK QIXLSH MW XLEX MX [SVOW EGVSWW HMJJIVIRX
ZMVXYEP WIVZIVW *SV I\EQTPI MX IRWYVIW XLEX VIUYIWXW JSV ,884 ERH *84 EVI WIVZIH JVSQ XLI WEQI
TL]WMGEP WIVZIV IZIR XLSYKL XLI] EVI EHZIVXMWIH XLVSYKL X[S HMJJIVIRX ZMVXYEP WIVZIVW

=SY GER YWI XLI JSPPS[MRK GSQQERHPMRI I\TVIWWMSR XS PSEH FEPERGI TL]WMGEP WIVZIVW FEWIH SR XLI
XSOIR MRWMHI IEGL VIUYIWX 960 UYIV]
96059)6= GSRXEMRW XSOIR!XSOIR P
8LMW GSQQERH XIPPW XLI 2IX7GEPIV W]WXIQ XS PSSO JSV XLI XSOIR MRWMHI XLI 960 UYIV] EJXIV QEXGLMRK
XLI WXVMRK XSOIR!XSOIR 8LI PIRKXL SJ XLI XSOIR MW X[S F]XIW
*SV ,884 WIVZMGIW XLI 2IX7GEPIV W]WXIQ PSSOW JSV E GSRJMKYVIH XSOIR MR XLI JMVWX /& SJ XLI 8'4
TE]PSEH *SV SXLIV 8'4 WIVZMGIW XLI W]WXIQ PSSOW JSV XLI GSRJMKYVIH XSOIR MR IMXLIV XLI JMVWX
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% VIUYIWX MW WIRX XS :-4C,884 [MXL XLI XSOIR %% ERH XLI :-4C,884 GLSSWIW XLI WIVZMGI
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(ITIRHMRK SR XLI X]TI SJ LEWLMRK XLI WMQMPEVMX] SJ XLI VIUYIWXW GER FI GSRXVSPPIH *SV I\EQTPI
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ER MRGSQMRK ,884 960 &] HIJEYPX XLI 2IX7GEPIV W]WXIQ GEPGYPEXIW
XLI LEWL ZEPYI FEWIH SR XLI JMVWX F]XIW SJ XLI 960 8S YWI E
HMJJIVIRX RYQFIV SJ 960 F]XIW XS GEPGYPEXI XLMW ZEPYI ]SY GER YWI
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QSVI XLER XLI HIJEYPX ZEPYI
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PIRKXL ZEPYI [LMGLIZIV MW WQEPPIV &] HIJEYPX XLI 2IX7GEPIV W]WXIQ
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GSQQERH SV XLI WIX PF ZWIVZIV GSQQERH MR XLI GSQQERHPMRI
MRXIVJEGI
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GSRJMKYVIH PSEHFEPERGMRK QIXLSH ERH XLIR HMVIGXW EPP WYFWIUYIRX
VIUYIWXW JVSQ XLI WEQI -4 EHHVIWW XS XLI TL]WMGEP WIVZIV XLEX
LERHPIH XLI MRMXMEP VIUYIWX
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SVMKMREXI JVSQ XLI WEQI -4 EHHVIWW -J QSWX GPMIRX VIUYIWXW
JPS[ XLVSYKL E 2%8 HIZMGI WSYVGI-4EHHVIWW TIVWMWXIRGI
QE] RSX FI XLI QSWX IJJMGMIRX PSEHFEPERGMRK QIXLSH
FIGEYWI IZIV] VIUYIWX [MPP FI HMVIGXIH XS XLI WEQI TL]WMGEP
WIVZIV IZIR XLSYKL XLI VIUYIWXW SVMKMREXI JVSQ QYPXMTPI
GPMIRXW
7SYVGI-4EHHVIWW TIVWMWXIRGI WIWWMSRW EVI WXSVIH MR E TIVWMWXIRGI

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8LI XMQISYX ZEPYI JSV WSYVGI-4EHHVIWW TIVWMWXIRGI MW XLI TIVMSH SJ
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WIWWMSR MW HMWGEVHIH ERH WIVZIV WIPIGXMSR VIWYQIW FEWIH SR XLI
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QIXLSH ERH WSYVGI -4 EHHVIWW MW GSRJMKYVIH EW XLI FEGOYT
TIVWMWXIRGI QIXLSH HMJJIVIRX XMQISYX ZEPYIW GER FI WIX JSV
IEGL QIXLSH
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,EWLMRK XLI HIWXMREXMSR -4 EHHVIWW MR XLI ,884 LIEHIV =SY GER YWI XLI
RIXQEWO RIXQEWO STXMSREP EVKYQIRX [MXL IMXLIV XLI EHH PF WIVZIV
GSQQERH SV XLI WIX PF ZWIVZIV GSQQERH XS QEWO XLI HIWXMREXMSR -4
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%PP -4 EHHVIWWIW FIPSRKMRK XS E TEVXMGYPEV RIX[SVO EVI HMVIGXIH XS
XLI WEQI WIVZIV
8LMW QIXLSH MW ETTVSTVMEXI [MXL XLI GEGLI VIHMVIGXMSR
JIEXYVI SJ XLI 2IX7GEPIV W]WXIQ
7SYVGI(IWXMREXMSR-4 8LI 2IX7GEPIV W]WXIQ GLSSWIW E WIVZMGI FEWIH SR XLI LEWLIH ZEPYI SJ
%HHVIWW ,EWLMRK XLI WSYVGI ERH HIWXMREXMSR -4 EHHVIWWIW MR XLI ,884 LIEHIV
,EWLMRK MW W]QQIXVMG XLYW ]MIPHMRK XLI WEQI ZEPYI MJ XLI WSYVGI
ERH XLI HIWXMREXMSR -4 EHHVIWWIW EVI VIZIVWIH 8LI W]QQIXVMGEP
IRWYVIW XLEX EPP TEGOIXW JPS[MRK JVSQ E TEVXMGYPEV GPMIRX XS XLI WEQI
HIWXMREXMSR EVI HMVIGXIH XS XLI WEQI WIVZIV 8LMW PSEHFEPERGMRK
QIXLSH MW YWIH MR MRXVYWMSRHIXIGXMSRWW]WXIQW PSEH FEPERGMRK
0IEWX 6IWTSRWI 8MQI &EWIH 8LI 2IX7GEPIV W]WXIQ GLSSWIW XLI WIVZMGI [MXL XLI QMRMQYQ
SR 1SRMXSVMRK EZIVEKI VIWTSRWI XMQI 8LI PIEWX VIWTSRWI XMQI FEWIH SR QSRMXSVMRK
0681 PSEHFEPERGMRK QIXLSH YWIW XLI I\MWXMRK QSRMXSVMRK
MRJVEWXVYGXYVI 8LMW PSEHFEPERGMRK QIXLSH VIUYMVIW ETTPMGEXMSR
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FI IREFPIH SR XLIWI QSRMXSVW 8LI 2IX7GEPIV W]WXIQ XLIR YWIW XLI
VIWTSRWI XMQIW XS QSRMXSV TVSFIW XS QEOI PSEHFEPERGMRK HIGMWMSRW
8LMW QIXLSH GER FI YWIH XS WIPIGX RSR,884 ERH RSR,8847
WIVZMGIW ERH GER EPWS FI YWIH [LIR WIZIVEP QSRMXSVW EVI FSYRH XS E
WIVZMGI 8LI ZMVXYEP WIVZIV YWIW EPP QSRMXSV VIWTSRWI XMQIW XS
GEPGYPEXI ER EZIVEKI VIWTSRWI XMQI JSV IEGL TL]WMGEP WIVZMGI
8LI WEQI WIX SJ QSRMXSVW WLSYPH FI FSYRH XS EPP WIVZMGIW
*EMPYVI XS HS WS QMKLX VIWYPX MR SRI WIVZMGI VIGIMZMRK QSVI
XVEJJMG XLER XLI SXLIV WIVZMGIW
7SQI WYFXPIXMIW I\MWX MR XLI TVSGIWW SJ KIRIVEXMRK E VIWTSRWI XMQI

8LIWI WYFXPIXMIW QYWX FI GSRWMHIVIH [LIR GSRJMKYVMRK 0681 PSEH
FEPERGMRK SR E 2IX7GEPIV W]WXIQ
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XLI VIWTSRWI XMQI JSV XLI 4-2+ QSRMXSV MW XLI XMQI HMJJIVIRGI
FIX[IIR XLI -'14 IGLS VIUYIWX ERH -'14 IGLS VIWTSRWI XLI
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XLI 7=2 VIUYIWX ERH 7=2%'/ VIWTSRWI -J XLI GEPGYPEXMSRW SR
[LMGL XLI VIWTSRWI XMQIW EVI FEWIH EVI YRHIVWXSSH MX MW IEWMIV XS
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0MRO 0SEH &EPERGMRK
0MRO PSEH FEPERGMRK XVERWTEVIRXP] PSEH FEPERGIW MRFSYRH ERH SYXFSYRH XVEJJMG EGVSWW QYPXMTPI
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-RXIVRIX XLVSYKL QYPXMTPI WIVZMGI TVSZMHIVW
8LI PMRO PSEHFEPERGMRK JIEXYVI IREFPIW IRXIVTVMWIW XLEX LEZI QSVI XLER SRI PMRO XS XLI -RXIVRIX SV
E TVMZEXI RIX[SVO XS QSRMXSV ERH GSRXVSP XVEJJMG WS YWIVW EVI VSYXIH SZIV XLI FIWX EZEMPEFPI -RXIVRIX
PMRO 8LMW MW EGGSQTPMWLIH F] QSRMXSVMRK VSYXIVW
0MRO 0SEH&EPERGMRK 4SPMG]

=SY WLSYPH FI E[EVI SJ XLI JSPPS[MRK GSRWMHIVEXMSRW [LIR GSRJMKYVMRK E PMRO PSEHFEPERGMRK TSPMG]
y % PSEHFEPERGMRK HIGMWMSR MW ETTPMIH [LIRIZIV XLI TEGOIX MW VSYXIH XLVSYKL XLI PSEHFEPERGMRK
VSYXI
y 8LI PSEHFEPERGMRK JIEXYVI KIXW MXW MRTYX JVSQ XLI ZMVXYEP -4 EHHVIWW EWWSGMEXIH [MXL XLI PSEH
FEPERGMRK VSYXI
y 8LI TVIJIVVIH -4 EHHVIWW ERH TVIJIVVIH TSVX TEVEQIXIVW EVI ZEPMH SRP] MJ XLI TIVWMWXIRGI JIEXYVI
MW IREFPIH
y 8LI WIVZIV WXEXMWXMGW YTHEXI ERH PMRO PSEH FEPERGMRK SR XLI 2IX7GEPIV W]WXIQ VIXYVRW XLI WIVZIV
WXVYGXYVI JSV XLI WIPIGXIH VSYXIV MJ XLI TVIJIVVIH VSYXIV MW YT
y 8LI MHIEP VSYXIV MW WIPIGXIH FEWIH SR XLI PSEHFEPERGMRK TSPMG] JVSQ XLI WIVZIV PMWX SJ XLI ZMVXYEP
-4 EHHVIWW MJ XLI TVIJIVVIH WIVZIV MW RSX EZEMPEFPI
0MRO PSEH FEPERGMRK WYTTSVXW XLI JSPPS[MRK PSEHFEPERGMRK QIXLSHW
y 6SYRH VSFMR
y 0IEWX FERH[MHXL
y 0IEWX TEGOIX
y (IWXMREXMSR-4EHHVIWW LEWL
0MRO PSEH FEPERGMRK HSIW RSX WYTTSVX XLI HIJEYPX PSEHFEPERGMRK TSPMG] SJ PIEWX
GSRRIGXMSRW
'YWXSQ 0SEH
8LI GYWXSQ PSEHFEPERGMRK QIXLSH GEPGYPEXIW PSEH F] YWMRK QIXVMGW XLEX LEZI FIIR GVIEXIH ERH
FSYRH XS E QIXVMG XEFPI 3RGI E QIXVMG LEW FIIR GVIEXIH ERH FSYRH XLI QIXVMG XEFPI MW XLIR
EWWSGMEXIH [MXL E PSEH QSRMXSV 1IXVMGW GER XLIR FI FSYRH XS XLI QSRMXSV JVSQ XLI TSSP SJ
EZEMPEFPI QIXVMGW XLEX VIWMHI MR XLI QIXVMG XEFPI
8LI GYWXSQ PSEHFEPERGMRK QIXLSH HMWXVMFYXIW XVEJJMG FEWIH SR XLI PSEH GEPGYPEXMSRW QEHI F] PSEH
QSRMXSVW 8LI WIVZMGI [MXL XLI PIEWX PSEH ZEPYI EW GEPGYPEXIH F] XLI QSRMXSVW MW GLSWIR XS LERHPI
XLI GPMIRX VIUYIWXW
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% PSEH QSRMXSV TIVJSVQW PSEH FEPERGMRK FEWIH SR WIVZIV TEVEQIXIVW WYGL EW '49 SV QIQSV]
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% PSEH QSRMXSV MW YWIH WXVMGXP] JSV PSEH FEPERGMRK ERH YRPMOI WIVZMGI QSRMXSVW HSIW RSX
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% PSEH QSRMXSV YWIW XLI JSPPS[MRK TVSGIWW [LIR GEPGYPEXMRK XLI PSEH SR E WIVZMGI
8LI PSEH QSRMXSV WIRHW ER 7214 VIUYIWX JSV PSEH QIXVMGW XS E WTIGMJMIH WIVZIV
8LI WIVZIV VIXYVRW ER 7214 VIWTSRWI [MXL XLI VIUYIWXIH QIXVMGW
8LI PSEH QSRMXSV GEPGYPEXIW XLI PSEH JSV XLI WIVZMGI XS [LMGL MX MW FSYRH FEWIH SR XLI 7214
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XIR 7214 3-(W SFNIGX MHIRXMJMIVW JSV XLI UYIV] )EGL 3-( GER LEZI MXW S[R [IMKLX ERH
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VIWTSRWI MW VIGIMZIH
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FEPERGMRK HIGMWMSR
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y 'SRRIGXMSRW
y 4EGOIXW
y 6IWTSRWI XMQI
y &ERH[MHXL
8LIWI JSYV QIXVMGW EVI W]WXIQWTIGMJMG JSV XLI WIVZMGI
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y (IJEYPX XEFPIW GER FI YWIH JSV XLI PSEH FEPERGMRK SJ XLMVHTEVX]

PSEHFEPERGMRK HIZMGIW 8LI JSPPS[MRK HIJEYPX QIXVMG XEFPIW EVI
MRGPYHIH 2)87'%0)6 '-7'3'77 * *392(6= ERH
%08)32
8LI HIJEYPX XEFPIW MRGPYHI TVIFSYRH QIXVMGW 8LIWI QIXVMGW GER
FI HIPIXIH ERH SXLIVW GER FI EHHIH HITIRHMRK SR XLI RIIHW SJ
XLI IRZMVSRQIRX
y =SY GER HIJMRI GYWXSQ XEFPIW -RHMZMHYEP QIXVMGW ERH
GSVVIWTSRHMRK 7214 3-(W EVI WTIGMJMIH FEWIH SR XLI
QSRMXSVMRK RIIHW SJ IEGL IRZMVSRQIRX
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1IXVMGW 8LI QIXVMGW EVI FSYRH XS E QIXVMG XEFPI ERH EVI MHIRXMJMIH F] ER
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;LIR YWMRK XLI GYWXSQ PSEHFEPERGMRK QIXLSH XLI QIXVMGW XS FI
YWIH JSV GEPGYPEXMRK PSEH QYWX JMVWX FI GVIEXIH ERH FSYRH XS E
QIXVMG XEFPI 3RGI E QIXVMG LEW FIIR GVIEXIH ERH FSYRH XLI QIXVMG
XEFPI MW XLIR EWWSGMEXIH [MXL E PSEH QSRMXSV 1IXVMGW GER XLIR FI
FSYRH XS XLI QSRMXSV JVSQ XLI TSSP SJ EZEMPEFPI QIXVMGW XLEX VIWMHI
MR XLI QIXVMG XEFPI
8LI PSGEP QIXVMG XEFPI MW MQTPMGMXP] FSYRH XS XLI QSRMXSV
ERH RS EHHMXMSREP FMRHMRK STIVEXMSR MW VIUYMVIH
8LVIWLSPH 8LI XLVIWLSPH ZEPYI SJ E QIXVMG MW YWIH F] XLI PSEH QSRMXSV [LIR
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%R 7214 UYIV] WTIGMJ]MRK XLI 3-( JSV E TEVXMGYPEV QIXVMG MW WIRX
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WIVZIV MW XLI QIXVMG ZEPYI
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XLI WIVZMGI MW GSRWMHIVIH JSV PSEH FEPERGMRK
8LI XLVIWLSPH ZEPYI MW EPWS YWIH MR XLI GEPGYPEXMSR SJ XLI PSEH SR E
TEVXMGYPEV WIVZMGI
8LI XLVIWLSPH ZEPYI QYWX FI HIJMRIH SV XLI QSRMXSV MW
IJJIGXMZIP] HMWEFPIH %R 7214 3-( [MXL E XLVIWLSPH SJ
VIXYVRW ER IVVSV
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XLI [IMKLX SJ WIVZMGI % MW ERH XLI [IMKLX SJ WIVZMGI & MW JSV
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JSPPS[W %&&%&&%&& 8LI HIJEYPX ZEPYI MW
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TEVXMGYPEV WIVZMGI
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EHH QIXVMGXEFPI QIXVMG8EFPI
FMRH PF QIXVMGXEFPI QIXVMG8EFPI QIXVMG

WRQT3-(
WIX PF QSRMXSV QSRMXSV2EQI PSEH

QIXVMGXEFPI QIXVMG8EFPI
FMRH PF QSRMXSV QSRMXSV2EQI

QIXVMG QIXVMG2EQI
QIXVMGXLVIWLSPH TSWMXMZI-RXIKIV
7IVZMGI ERH :MVXYEP 7IVZIV 1EREKIQIRX
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XVEJJMG YWMRK ZEVMSYW XSSPW ERH GSQQERHW
7IVZMGI ERH :MVXYEP 7IVZIV 7XEXMWXMGW

=SY GER IEWMP] QSRMXSV WXEXMWXMGW JSV E WIVZMGI SV E ZMVXYEP WIVZIV XS QEREKI XLI LIEPXL SJ E 2IX7GEPIV
HITPS]QIRX
8LI JSPPS[MRK WXEXMWXMGW EVI XVEGOIH JSV WIVZMGIW ERH ZMVXYEP WIVZIVW
7XEXMWXMGW 7IVZMGIW :MVXYEP 7IVZIVW

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7IVZMGI ERH :MVXYEP 7XEXMWXMGW
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SV XLI GSQQERHPMRI MRXIVJEGI
7IVZMGI 7XEXMWXMGW
(MWTPE] WIVZMGI WXEXMWXMGW F] WTIGMJ]MRK XLI WIVZMGI REQI

PSGEXMSR
'SQQERHPMRI W]RXE\
WXEX WIVZMGI WIVZMGI2EQI
:MVXYEP 7IVZIV 7XEXMWXMGW

(MWTPE] ZMVXYEP WIVZIV WXEXMWXMGW F] WTIGMJ]MRK XLI ZMVXYEP WIVZIV REQI SR XLI 2IX7GEPIV W]WXIQ

PSGEXMSR
'SQQERHPMRI W]RXE\
WXEX PF ZWIVZIV ZWIVZIV2EQI
(MWEFPMRK 7IVZMGIW
(MWEFPMRK WIVZMGIW QE] FI RIGIWWEV] XS FVMRK E WIVZIV HS[R JSV QEMRXIRERGI ;LIR HMWEFPMRK E
WIVZMGI WTIGMJ] E HIPE] TIVMSH HYVMRK [LMGL XLI WIVZMGI [MPP GSRXMRYI XS VIGIMZI RI[ GSRRIGXMSRW SV
VIUYIWXW JVSQ GPMIRXW XLEX LEZI TIVWMWXIRX WIWWMSRW %PP SXLIV GSRRIGXMSRW SV VIUYIWXW EVI PSEH
FEPERGIH EQSRK SXLIV EZEMPEFPI WIVZMGIW %JXIV XLI HIPE] TIVMSH LEW IPETWIH RS VIUYIWXW SV
GSRRIGXMSRW EVI WIRX XS XLI WIVZMGI 7IXXMRK E HIPE] SJ MQQIHMEXIP] HMWEFPIW XLI WIVZMGI
(MWEFPI E WIVZMGI F] WIXXMRK XLI WIVZMGI XS E HMWEFPIH WXEXI ERH WTIGMJ]MRK XLI HIPE] XMQI SR XLI
2IX7GEPIV W]WXIQ

PSGEXMSR
'SQQERHPMRI W]RXE\ 'SQQERHPMRI W]RXE\
(MWEFPMRK :MVXYEP 7IVZIVW

(MWEFPMRK E ZMVXYEP WIVZIV QE] FI RIGIWWEV] XS WXST XVEJJMG JVSQ FIMRK EGGITXIH SR XLI ZMVXYEP WIVZIV
(MWEFPMRK XLI :-4 EHHVIWW HMWEFPIW EPP XLI EWWSGMEXIH ZMVXYEP WIVZIVW
(MWEFPI E ZMVXYEP WIVZIV F] WIXXMRK XLI WIVZIV XS E HMWEFPIH WXEXI SR XLI 2IX7GEPIV W]WXIQ
PSGEXMSR
'SQQERHPMRI W]RXE\
HMWEFPI PF ZWIVZIV ZWIVZIV2EQI
6IQSZMRK 7IVZMGIW
6IQSZMRK E WIVZMGI JVSQ XLI 2IX7GEPIV W]WXIQ QE] FI RIGIWWEV] MJ E WIVZMGI MW RS PSRKIV VIUYMVIH XS
EGGITX ER] XVEJJMG ERH [MPP RS PSRKIV FI YWIH MR XLI 2IX7GEPIV GSRJMKYVEXMSR
6IQSZI E WIVZMGI F] WIPIGXMRK XLI ETTVSTVMEXI WIVZMGI SR XLI 2IX7GEPIV W]WXIQ

PSGEXMSR
'SQQERHPMRI W]RXE\
VIQSZI WIVZMGI WIVZMGI2EQI
6IQSZMRK :MVXYEP 7IVZIVW

6IQSZMRK E ZMVXYEP WIVZIV JVSQ XLI 2IX7GEPIV W]WXIQ QE] FI RIGIWWEV] MJ E ZMVXYEP WIVZIV MW RS
PSRKIV VIUYMVIH XS EGGITX ER] XVEJJMG ERH [MPP RS PSRKIV FI YWIH MR XLI 2IX7GEPIV GSRJMKYVEXMSR
6IQSZI E ZMVXYEP WIVZIV F] WIPIGXMRK XLI ETTVSTVMEXI ZMVXYEP WIVZIV SR XLI 2IX7GEPIV W]WXIQ
PSGEXMSR
'SQQERHPMRI W]RXE\
VIQSZI PF ZWIVZIV ZWIVZIV2EQI
1SRMXSVMRK 8VEJJMG (MWXVMFYXMSR

1SRMXSVMRK XVEJJMG HMWXVMFYXMSR MR E 2IX7GEPIV HITPS]QIRX MW MQTSVXERX XS HIXIVQMRI [LIXLIV E
W]WXIQ GSRJMKYVEXMSR MW EGLMIZMRK XLI HIWMVIH VIWYPXW 8LI JSPPS[MRK MRJSVQEXMSR GER FI JSYRH F]
YWMRK XLI 7XEXMWXMGEP 9XMPMX] ERH F] YWMRK XLI WXEX PF ZWIVZIV GSQQERH MR XLI GSQQERHPMRI
MRXIVJEGI
y :MVXYEP WIVZIV MRJSVQEXMSR
y -4 EHHVIWW
y 4SVX SR [LMGL XLI WIVZMGI MW VYRRMRK
y 4VSXSGSP EWWSGMEXIH [MXL XLI ZMVXYEP WIVZIV
y 'YVVIRX WXEXI SJ XLI ZMVXYEP WIVZIV
y 8SXEP ZMVXYEP WIVZIV LMXW
y 8SXEP RYQFIV SJ VIUYIWXW VIGIMZIH SR XLI ZMVXYEP WIVZIV JSV ,884770 WIVZMGI X]TIW
y 8SXEP RYQFIV SJ VIWTSRWIW VIGIMZIH SR XLI ZMVXYEP WIVZMGI JSV ,884770 WIVZMGI X]TIW
y 8SXEP RYQFIV SJ VIUYIWX F]XIW VIGIMZIH SR XLI ZMVXYEP WIVZIV
y 8SXEP RYQFIV SJ VIWTSRWI F]XIW VIGIMZIH SR XLI ZMVXYEP WIVZIV
y 2YQFIV SJ GYVVIRX GPMIRX GSRRIGXMSRW
y 2YQFIV SJ GPMIRX GSRRIGXMSRW MR ER IWXEFPMWLIH WXEXI
y 2YQFIV SJ GYVVIRX GSRRIGXMSRW XS XLI TL]WMGEP WIVZIVW FILMRH XLI ZMVXYEP WIVZIV
y 7TMPPSZIV XLVIWLSPH JSV XLI ZMVXYEP WIVZIV
0SEH &EPERGMRK :MWYEPMÎV
8LI 0SEH &EPERGMRK :MWYEPMÎV GER FI YWIH XS ZMI[ ERH QSHMJ] PSEHFEPERGMRK GSRJMKYVEXMSRW MR
KVETLMGEP JSVQEX
9WMRK XLI 0SEH &EPERGMRK :MWYEPMÎV ]SY GER
y :MI[ E WYQQEV] SJ EPP WIVZMGIW ERH WIVZMGI KVSYTW XLEX EVI FSYRH XS E TEVXMGYPEV ZMVXYEP WIVZIV
ERH EPP SJ XLI QSRMXSVW XLEX EVI FSYRH XS XLI WIVZMGIW
y :MI[ XLI GSRJMKYVEXMSR HIXEMPW SJ ER] HMWTPE]IH IPIQIRX
y :MI[ TSPMGMIW JSV I\EQTPI VI[VMXI TSPMGMIW XLEX EVI FSYRH XS XLI ZMVXYEP WIVZIV
y :MI[ XLI X]TI SJ XVEJJMG XLEX [MPP FI HMVIGXIH XS XLI PSEHFEPERGMRK ZMVXYEP WIVZIV
y (IXIGX E QMWQEXGL MR WIVZMGI GSRJMKYVEXMSR
y 7MQYPXERISYWP] FMRH QYPXMTPI IRXMXMIW XS ERSXLIV IRXMX] YWMRK E HVEKERHHVST STIVEXMSR
y 1SHMJ] ER I\MWXMRK GSRJMKYVEXMSR
&MRH ERH GSRJMKYVI IRXMXMIW MR XLI 'SRJMKYVEXMSR 9XMPMX] YRHIV 0SEH &EPERGMRK " :MVXYEP 7IVZIVW "
:MWYEPMÎV
6IZMI[
=SY LEZI GVIEXIH E WIVZIV IRXMX] [MXL E REQI SJ WIVZIV% ERH ER -4 EHHVIWW SJ ,I
RS[ [ERXW XS GVIEXI ER ,884 WIVZMGI IRXMX] [MXL XLI REQI SJ WIVZMGI% SR TSVX XLEX MW
EWWSGMEXIH [MXL WIVZIV% ;LMGL GSQQERH VIWYPXW MR E WYGGIWWJYP WIVZMGI IRXMX] GVIEXMSR#
E EHH WIVZMGI WIVZMGI% WIVZIV% ,884
F EHH WIVZMGI WIVZMGI%,884
G EHH WIVZMGI WIVZMGI%
H EHH WIVZMGI WIVZMGI% ,884
;LMGL X]TI SJ QSRMXSV MW YWIH XS EREP]Î PMZI GPMIRX XVEJJMG XS ZIVMJ] XLI LIEPXL SJ ER ,884
WIVZMGI#
E ,884
F ,884-20-2)
G ,884)':
H 8'4)':
;LMGL TEVEQIXIVW WTIGMJMIW XLI RYQFIV SJ GSRWIGYXMZI JEMPIH LIEPXL GLIGO TVSFIW EJXIV [LMGL E
WIVZMGI MW QEVOIH EW (3;2#
E 6IZIVWI
F (S[R XMQI
G 6IXVMIW
H 6IWTSRWI XMQI
;LMGL LEWLMRK X]TI MRGPYHIW XLI 2IX7GEPIV W]WXIQ GLSSWMRK E WIVZMGI FEWIH SR XLI LEWLIH
ZEPYI SJ XLI GPMIRX -4 EHHVIWW MR XLI ,884 LIEHIV#
E 7SYVGI -4
F 960
G (IWXMREXMSR -4
H (SQEMR REQI
1SHYPI

3ZIVZMI[
8LI RIIH JSV SVKERMÊXMSRW XS QEMRXEMR TVMZEG] [LMPI XVERWQMXXMRK TVMZEXI HEXE SZIV TYFPMG
RIX[SVOW [EW XLI TVMQEV] MQTIXYW FILMRH XLI HIZIPSTQIRX SJ XLI 770 TVSXSGSP ERH HMKMXEP
GIVXMJMGEXIW 770 SJJPSEHMRK SR XLI 2IX7GEPIV W]WXIQ GER FI YWIH XS STXMQMÎ XVEJJMG [LMPI QEMRXEMR
XLI WIGYVMX] SJ XLI TVMZEXI HEXE
3FIGXMZIW
y -HIRXMJ] 770 GIVXMJMGEXI VIUYMVIQIRXW
y -HIRXMJ] GSQQSR ZMVXYEP 770 WIVZIV HITPS]QIRXW
y 'VIEXI ERH YTPSEH ER 770 GIVXMJMGEXI
y &MRH ER 770 GIVXMJMGEXI OI]
y 'VIEXI ETTVSTVMEXI WIVZIVW WIVZMGIW ERH ZMVXYEP WIVZIVW
y 'SRJMKYVI EHZERGIH 770 STXMSRW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 'SRJMKYVMRK 770 3JJPSEH
770 ERH (MKMXEP 'IVXMJMGEXIW
9RJSVXYREXIP] XLI TVSGIWWMRK SJ 770 XVERWEGXMSRW F] E ;IF WIVZIV MW '49MRXIRWMZI IRSYKL XS
RIKEXMZIP] EJJIGX ;IF ETTPMGEXMSR TIVJSVQERGI 'SRJMKYVMRK 770 SJJPSEH SR XLI 2IX7GEPIV W]WXIQ
GER JVII XLI ;IF WIVZIVW JVSQ LERHPMRK XLI 770 IRGV]TXMSRHIGV]TXMSR XEWOW [LMPI QEMRXEMRMRK
WIGYVMX] [MXLSYX HIKVEHMRK ;IF WIVZIV TIVJSVQERGI
770
770 MW E WIWWMSRPE]IV IRGV]TXMSR ERH EYXLIRXMGEXMSR TVSXSGSP YWIH [MXL ,884 ERH SXLIV TVSXSGSPW
XS WIGYVI GSQQYRMGEXMSR FIX[IIR GPMIRXW ERH WIVZIVW 770 [LMGL MW [MHIP] YWIH XS WYTTSVX I
GSQQIVGI WMXIW WTIGMJMIW E QIXLSH JSV E GPMIRX ERH E WIVZIV XS I\GLERKI GV]TXSKVETLMG MRJSVQEXMSR
ERH XS FYMPH E WIGYVI GLERRIP XLVSYKL [LMGL XS WIRH VIUYIWXW ERH VIWTSRWIW ,S[IZIV 770 GER FI
YWIH XS WIGYVI SXLIV X]TIW SJ XVEJJMG{ RSXLMRK MR 770 VIPMIW SR ,884 FIMRK WIRX XLVSYKL XLI
IRGV]TXIH GLERRIP 8VERWTSVX 0E]IV 7IGYVMX] 807 MW E HIWGIRHERX SJ 770 XLEX EFWXVEGXW XLI WIGYVMX]
TVSXSGSP JVSQ ER] WTIGMJMG YRHIVP]MRK WIVZMGI
/I] )RGV]TXMSR
770 ERH 807 QEOI YWI SJ TYFPMG ERH TVMZEXI OI] GV]TXSKVETL] XS ZIVMJ] XLI MHIRXMXMIW SJ XLI WIVZIV
ERH GPMIRX ERH XS WIX YT XLI MRMXMEP WIGYVI GLERRIP JSV XLI GSQQYRMGEXMSR 4YFPMGTVMZEXI OI]
IRGV]TXMSR MW E JSVQ SJ EW]QQIXVMG IRGV]TXMSR QIERMRK XLEX X[S WITEVEXI FYX VIPEXIH OI]W EVI
VIUYMVIH % QIWWEKI IRGV]TXIH F] SRI OI] GER SRP] FI HIGV]TXIH F] XLI VIPEXIH OI] 4YFPMGTVMZEXI
OI] IRGV]TXMSR MW E VIWSYVGIMRXIRWMZI TVSGIWW
1SHYPI 'SRJMKYVMRK 770 3JJPSEH 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
-QTSVXERX 'SRGITXW
8LI JSPPS[MRK PMWX TVSZMHIW MQTSVXERX 770 GSRGITXW ERH XLIMV HIJMRMXMSRW
770 770 MW E TVSXSGSP YWIH XS WIGYVI ,884 8'4 ERH SXLIV X]TIW SJ
XVEJJMG
/I]W /I]W EVI WXVMRKW SJ FMXW YWIH XS IRGV]TX ERH HIGV]TX QIWWEKIW 8LI
2IX7GEPIV W]WXIQ WYTTSVXW 67% OI]W [LMGL YWI TYFPMG 4+4
IRGV]TXMSR ERH (7% OI]W [LMGL YWI *-47WXERHEVH HMKMXEP
WMKREXYVI EPKSVMXLQW
4YFPMG/I] )RGV]TXMSR 4YFPMGOI] IRGV]TXMSR MW E QIXLSH SJ IRGV]TXMRK QIWWEKIW XLEX TEMVW

E TYFPMG OI] ERH E TVMZEXI OI] 1IWWEKIW IRGV]TXIH [MXL XLI TYFPMG
OI] GER FI HIGV]TXIH SRP] YWMRK XLI TVMZEXI OI] -R XYVR QIWWEKIW
IRGV]TXIH [MXL XLI TVMZEXI OI] GER FI HIGV]TXIH YWMRK SRP] XLI
TYFPMG OI]
(MKMXEP 'IVXMJMGEXIW 'IVXMJMGEXIW EVI WQEPP JMPIW XLEX GSRXEMR TYFPMG OI]W ERH ZIVMJ] XLI
MHIRXMX] SJ XLI LSPHIV 'IVXMJMGEXIW EVI MWWYIH F] E 'IVXMJMGEXI
%YXLSVMX] '%
'IVXMJMGEXI %YXLSVMX] '% % '% MW ER IRXMX] XLEX MWWYIW GIVXMJMGEXIW EJXIV ZIVMJ]MRK XLI MHIRXMX]
SJ E WIVZIV
6SSX 'IVXMJMGEXIW % VSSX GIVXMJMGEXI MW ER YRWMKRIH TYFPMG OI] GIVXMJMGEXI SV E WIPJ

WMKRIH GIVXMJMGEXI XLEX MW TEVX SJ E TYFPMG OI] MRJVEWXVYGXYVI WGLIQI
8LI QSWX GSQQSR GSQQIVGMEP ZEVMIX] MW FEWIH SR XLI -898 <
WXERHEVH 2SVQEPP] ER < GIVXMJMGEXI MRGPYHIW E HMKMXEP WMKREXYVI
JVSQ E '% [LMGL ZSYGLIW JSV XLI GSVVIGXRIWW SJ XLI HEXE GSRXEMRIH
MR E GIVXMJMGEXI
7IVZIV 'IVXMJMGEXIW 7IVZIV GIVXMJMGEXIW EVI YRMUYI XS E TEVXMGYPEV JYPP]UYEPMJMIH HSQEMR

REQI *5(2 SJ E WIVZIV 7IVZIV GIVXMJMGEXIW EVI GSTMIW SJ XLI TYFPMG
OI] SJ E WIVZIV WMKRIH F] XLI TVMZEXI OI] SJ E '% ERH GSRXEMR
MRJSVQEXMSR EFSYX XLI WIVZIV XLEX EPPS[W E GPMIRX XS MHIRXMJ] XLI
WIVZIV FIJSVI WLEVMRK WIRWMXMZI MRJSVQEXMSR
-RXIVQIHMEXI 'IVXMJMGEXI %R MRXIVQIHMEXI GIVXMJMGEXI MW E WYFSVHMREXI GIVXMJMGEXI MWWYIH F] E
XVYWXIH '% -RXIVQIHMEXI GIVXMJMGEXIW EVI YWIH XS GVIEXI WIVZIV
GIVXMJMGEXIW MR E GIVXMJMGEXI GLEMR
'PMIRX 'IVXMJMGEXI % GPMIRX GIVXMJMGEXI MW ER STXMSREP WIGYVMX] GSQTSRIRX XLEX GSRXEMRW

MRJSVQEXMSR EFSYX E YWIV ERH XLI 770 GPMIRX
'IVXMJMGEXI 7MKRMRK 6IUYIWX % '76 MW E JMPI WIRX XS E '% XLEX VIUYIWXW XLEX XLI '% WMKR XLI
'76 TYFPMG OI] SJ XLI VIUYIWXMRK WIVZIV [MXL XLI TVMZEXI OI] ERH TVSZMHI
E RI[ 770 GIVXMJMGEXI
'IVXMJMGEXI 6IZSGEXMSR 0MWX % '60 MW E PMWX SJ XLI WIVMEP RYQFIVW SJ GIVXMJMGEXIW XLEX LEZI FIIR
'60 VIZSOIH ERH EVI RS PSRKIV ZEPMH 9WIVW WLSYPH RIZIV EGGITX XLMW X]TI
SJ GIVXMJMGEXI XS IWXEFPMWL EGGIWW XS E WIGYVIH VIWSYVGI
-J GPMIRX SV WIVZIV 770 GIVXMJMGEXMSR ZEPMHEXMSR MW VIUYMVIH XLI
2IX7GEPIV W]WXIQ GER TIVJSVQ ZEPMHEXMSR EKEMRWX E PSGEP GIVXMJMGEXI
VIZSGEXMSR PMWX MR E PSGEP JMPI
8LMW PMWX GER FI YTHEXIH SR E WTIGMJMIH MRXIVZEP EYXSQEXMGEPP]
7YTTSVXIH YTHEXI QIXLSHW MRGPYHI ,884 ERH 0(%4 :EPMHEXMSR MW
RSX SR F] HIJEYPX ERH QYWX FI IREFPIH
(MJJMI,IPPQER (, 8LI (, OI] EKVIIQIRX TVSXSGSP TIVQMXW X[S YWIVW XS W[ET E

GSRJMHIRXMEP OI] SZIV ER YRTVSXIGXIH QIHMYQ [MXLSYX ER] TVIZMSYW
WIGVIXW
770 3JJPSEH 3ZIVZMI[
8LI 770 SJJPSEH JIEXYVI SJ XLI 2IX7GEPIV W]WXIQ LERHPIW XLI '49MRXIRWMZI 770 IRGV]TXMSR ERH
HIGV]TXMSR TVSGIWWMRK EPPS[MRK XLI ;IF WIVZIVW XS HIHMGEXI QSVI TVSGIWWMRK TS[IV XS GSRXIRX
VIUYIWXW 8LI 770 SJJPSEH JIEXYVI MRGVIEWIW XLI TIVJSVQERGI SJ ;IF WMXIW XLEX GEVV] SYX 770
XVERWEGXMSRW
8LI JMKYVI TVSZMHIW ER SZIVZMI[ SJ E WXVMGX 770 SJJPSEH WGIREVMS MR [LMGL EPP 770 IRGV]TXIH
GSQQYRMGEXMSR FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH XLI GPMIRX MW LERHPIH F] XLI 2IX7GEPIV W]WXIQ
'SQQYRMGEXMSR FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH XLI FEGOIRH WIVZIV MW YRIRGV]TXIH TVSZMHMRK
PSEH VIHYGXMSR SR XLI WIVZIV ERH EPPS[MRK XLI WIVZIV XS JSGYW SR TIVJSVQMRK XLI ETTPMGEXMSR VSPI
MRWXIEH SJ SR QEREKMRK 770 IRGV]TXMSRHIGV]TXMSR TVSGIWWIW
-R SXLIV WGIREVMSW XLI WIGYVMX] SJ XLI HEXE RIIHW XS FI QEMRXEMRIH IRHXSIRH ERH WLSYPH RSX FI
XVERWQMXXIH MR E RSRIRGV]TXIH JSVQEX )RGV]TXMSR [MPP SGGYV FIX[IIR XLI GPMIRX ERH XLI 2IX7GEPIV
W]WXIQ ERH EPWS FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH XLI WIVZIV 8LI WIVZIV WXMPP RIIHW XS TIVJSVQ
[SVO XS IRGV]TX XLI HEXE FYX XLI 2IX7GEPIV W]WXIQ MW EFPI XS STXMQMÎ XLI XVEJJMG ERH MQTVSZI
IJJMGMIRGMIW F] VIYWMRK XLI 770 GSRRIGXMSRW
3JJPSEH 4IVJSVQERGI
8LI 2IX7GEPIV W]WXIQ WYTTSVXW I\XVIQIP] LMKLTIVJSVQERGI 770 IRGV]TXMSR ERH WIWWMSR GVIEXMSR
*SV I\EQTPI XLI 2IX7GEPIV 14< TPEXJSVQW WYTTSVX
y +FTW SJ FYPO IRGV]TXMSR
y RI[ 770 LERHWLEOIW TIV WIGSRH
8LI 2IX7GEPIV W]WXIQ GER SJJPSEH E WMKRMJMGERX TSVXMSR SJ XLI XSXEP ETTPMGEXMSR PSEH JVSQ XLI WIVZIVW
MX WYTTSVXW EW [IPP EW W[MXGL XLI VIWYPXMRK 770 XVEJJMG 8LMW SJJPSEH GERRSX FI HSRI IJJMGMIRXP] F]
XVEJJMG QEREKIQIRX W]WXIQW -J XLI XVEJJMG QEREKIQIRX W]WXIQ MW RSX HIGV]TXMRK XLI HEXE MX MW
YREFPI XS QEOI PSEHFEPERGMRK HIGMWMSRW FEWIH SR ETTPMGEXMSR HEXE WYGL EW ,884 LIEHIV
MRJSVQEXMSR SV GSSOMIW -RWXIEH PIKEG] XVEJJMG QEREKIQIRX W]WXIQW QYWX XVIEX EPP SJ XLI XVEJJMG PMOI
VE[ -4 XVEJJMG ERH QEOI HIGMWMSRW FEWIH SR WSYVGI ERH HIWXMREXMSR -4 EHHVIWWIW &] HIGV]TXMRK XLI
XVEJJMG EW MX IRXIVW XLI 2IX7GEPIV W]WXIQ 770 TVSGIWWMRK GER FI SJJPSEHIH JVSQ ETTPMGEXMSR WIVZIVW
EPPS[MRK XLI VSFYWX XVEJJMG QEREKIQIRX JYRGXMSREPMX] SJ XLI 2IX7GEPIV W]WXIQ XS GSQI MRXS TPE]
8LI 2IX7GEPIV W]WXIQ GER EPWS TVSZMHI TVSXIGXMSR EKEMRWX IRGV]TXIH EXXEGOW F] XIVQMREXMRK ERH
SJJPSEHMRK 770 &] XIVQMREXMRK XLI 770 XLI 2IX7GEPIV W]WXIQ GER MRWTIGX ERH TVSXIGX EPP XVEJJMG
KSMRK XS XLI WIVZIVW MR EHHMXMSR XS W[MXGLMRK MX MRXIPPMKIRXP] ;MXLSYX XLMW FIRIJMX EXXEGOW GER FI
[VETTIH MR 770 ERH HIPMZIVIH WIGYVIP] XS XLI WIVZIV
*IEXYVIW ERH &IRIJMXW

8LI 2IX7GEPIV 770 MQTPIQIRXEXMSR WYTTSVXW E JYPP JIEXYVI WIX ERH MW MRXIVSTIVEFPI [MXL EPP GSQQSR
770 GPMIRXW
*IEXYVI &IRIJMX
-RXIKVEXIH SV EVQ 7GEPEFMPMX]
770 TVSXSGSP WYTTSVX 770Z 770Z 807Z 6MGL TVSXSGSP WYMXI
'MTLIV WYMXI WYTTSVX 6MGL GMTLIV WYMXI

y /I]I\GLERKI 67% (77 (, ?1E\ OI] 8LI PIZIP SJ WIGYVMX] GER FI EHNYWXIH FEWIH SR
FMXWA GPMIRX RIIHW [MXL E JYPP VERKI SJ OI] I\GLERKI
y )RGV]TXMSR 6' ()7 ()7 6' -()% IRGV]TXMSR ERH EYXLIRXMGEXMSR TVSXSGSPW
y 1%' 7,% 7,% 1(
'PMIRX EYXLIRXMGEXMSR y %YXLIRXMGMX] SJ XLI YWIV VIUYIWXMRK XLI ;IF

SFNIGX
y ;IF EGGIWW SR E TIVYWIV FEWMW
*IEXYVI &IRIJMX
'IVXMJMGEXI 6IZSGEXMSR 0MWX '60 +VIEXIV WIGYVMX] [MXL EFMPMX] XS FPSGO GPMIRXW
[MXL VIZSOIH GIVXMJMGEXIW
y 9T XS WIGYVI XVERWEGXMSRW TIV WIG y &IXXIV TIVJSVQERGI

y +FTW FYPO IRGV]TXMSR VEXI y 5YMGOIV VIWTSRWI XMQI
y ,ERHPMRK SJ XVEJJMG WYVKIW WYGL EW JPEWL
GVS[HW
'IRXVEPMÎH GIVXMJMGEXIOI] QEREKIQIRX )EWI SJ QEREKIQIRX
)EW] HVSTMR MRWXEPPEXMSR y 2S GLERKIW EVI RIIHIH XS XLI ;IF WIVZIVW

y 2S EHHMXMSREP LEVH[EVI SV WSJX[EVI MW
RIIHIH
770 %HQMRMWXVEXMSR
%R 770 GIVXMJMGEXI ERH OI] GER FI SFXEMRIH JSV YWI SR XLI 2IX7GEPIV W]WXIQ YWMRK SRI SJ XLI
JSPPS[MRK [E]W
y 6IUYIWX GIVXMJMGEXI ERH OI] JVSQ E GIVXMJMGEXI EYXLSVMX] '%
y 9WI ER I\MWXMRK 770 GIVXMJMGEXI ERH OI]
y +IRIVEXI E RI[ 770 GIVXMJMGEXI ERH OI] YWMRK XLI WIPJWMKRMRK XSSPW SR XLI 2IX7GEPIV W]WXIQ
8LI TVSGIWW XS GVIEXI ER 770 GIVXMJMGEXI MW XLI WEQI JSV XLI GIVXMJMGEXI EYXLSVMX] SV XLI 2IX7GEPIV
GIVXMJMGEXI XSSPW
'VIEXI E TVMZEXI OI] JMPI
'VIEXI E GIVXMJMGEXI WMKRMRK VIUYIWX '76
7YFQMX XLI '76 XS XLI GIVXMJMGEXI EYXLSVMX] XS GVIEXI XLI GIVXMJMGEXI -J ]SY EVI [SVOMRK [MXL ER
I\XIVREP GIVXMJMGEXI EYXLSVMX] WYGL EW :IVMWMKR WYFQMX XLI VIUYIWX XS XLI '% [LMGL MWWYIH XLI
GIVXMJMGEXI JMPI -J ]SY EVI YWMRK XLI 2IX7GEPIV WIPJWMKRMRK XSSPW XLI 2IX7GEPIV W]WXIQ [MPP YWI
XLI '76 XS KIRIVEXI XLI GIVXMJMGEXI
7XITW GER FI WOMTTIH MJ E GIVXMJMGEXI ERH OI] JMPI I\MWX
-RWXEPP XLI GIVXMJMGEXI ERH OI] JMPI SR XLI 2IX7GEPIV W]WXIQ
9WI XLI 2IX7GEPIV XSSPW XS GVIEXI XLI OI] ERH VIUYIWX JMPIW [LIR WYFQMXXMRK E VIUYIWX XS ER
I\XIVREP '%
770 ERH 4SPMGMIW

0MOI SXLIV JIEXYVIW SJ XLI 2IX7GEPIV W]WXIQ 770 SJJPSEH GER FI GSRXVSPPIH XLVSYKL TSPMGMIW
770 7IWWMSR 4VSGIWW

*SV E GPMIRX XS IWXEFPMWL E WIGYVI GSRRIGXMSR FIX[IIR E [IF FVS[WIV ERH E WIVZIV MR QSWX GEWIW E
VSSX GIVXMJMGEXI QYWX FI MRWXEPPIH MR XLI FVS[WIV GIVXMJMGEXI WXSVI ERH SR XLI WIVZIV{[LMGL GSYPH FI
E [IF WIVZIV E WIVZMGI SV E 2IX7GEPIV W]WXIQ 8LI JSPPS[MRK TEKI HIWGVMFIW XLI TVSGIWW MR [LMGL E
GPMIRX ERH WIVZIV MRMXMEXI ER 770 WIWWMSR
8LI JMKYVI ERH XLI JSPPS[MRK TVSGIWW TVSZMHI ER SZIVZMI[ SJ XLI TVSGIWW MR [LMGL E GPMIRX ERH
WIVZIV MRMXMEXI ER 770 WIWWMSR
8LI GPMIRX WIRHW E 'PMIRX,IPPS [MXL E WIX SJ WYTTSVXIH GMTLIV WYMXIW
8LI WIVZIV VIWTSRHW [MXL E 7IVZIV,IPPS
8LI WIVZIV WIRHW MXW TYFPMG OI] MR XLI WIVZIV GIVXMJMGEXI WMKRIH F] XLI '% EPSRK [MXL E WIPIGXIH
GMTLIV
8LI WIVZIV WIRHW 7IVZIV,IPPS(SRI
8LI GPMIRX YWIW MXW VSSX GIVXMJMGEXI XS ZIVMJ] XLI WMKREXYVI SJ XLI WIVZIV GIVXMJMGEXI -X XLIR
GSRJMVQW XLEX XLI GIVXMJMGEXI MW WXMPP ZEPMH ERH XLEX XLI WYFNIGX REQI SR XLI GIVXMJMGEXI QEXGLIW
XLI WIVZIV REQI 8LI GPMIRX KIRIVEXIW E GSQQSR OI] GEPPIH XLI 4VIQEWXIV 7IGVIX
8LI GPMIRX XVERWQMXW IMXLIV XLI 67%IRGV]TXIH 4VIQEWXIV 7IGVIX SV XLI (MJJMI ,IPPQER (,
TEVEQIXIVW &SXL STXMSRW EPPS[ XLI GPMIRX ERH XLI WIVZIV XS EKVII SR XLI WEQI 4VIQEWXIV 7IGVIX
8LI GPMIRX ERH XLI WIVZIV MRHITIRHIRXP] ERH MR TEVEPPIP KIRIVEXI XLI WEQI 1EWXIV 7IGVIX YWMRK
XLI 4VIQEWXIV 7IGVIX
8LI GPMIRX ERH XLI WIVZIV KIRIVEXI WIWWMSR OI]W JSVQ XLI 1EWXIV 7IGVIX
8LI GPMIRX ERH XLI WIVZIV IRGV]TX XLIMV GSQQYRMGEXMSR YWMRK XLI WIWWMSR OI]W JSV XLI VIQEMRHIV
SJ XLI 770 WIWWMSR
770 /I]W
/I]W EVI KIRIVEXIH MR XLI JSPPS[MRK WMXYEXMSRW
y &IJSVI KIRIVEXMRK ERH WYFQMXXMRK E GIVXMJMGEXI WMKRMRK VIUYIWX XS E GIVXMJMGEXI EYXLSVMX]
y &IJSVI KIRIVEXMRK E WIPJWMKRIH GIVXMJMGEXI JSV XIWXMRK TYVTSWIW
8LI GVIEXI OI] GSQQERHW HS RSX GVIEXI SFNIGXW MR XLI 2IX7GEPIV GSRJMKYVEXMSR XLI
GSQQERHW GVIEXI SFNIGXW XLEX EVI WEZIH XS XLI JMPI W]WXIQ 3RGI KIRIVEXIH OI]W EVI WEZIH
F] HIJEYPX XS XLI RWGSRJMKWWP HMVIGXSV] MR XLI 2IX7GEPIV GSRJMKYVEXMSR
;LIR KIRIVEXMRK E OI] ]SY QYWX HIWMKREXI XLI OI] WMÎ SV GMTLIV OI] PIRKXL MR FMXW 8LI X[S QSWX
GSQQSR OI] WMÎW EVI FMXW ERH FMXW EPXLSYKL XLI 2IX7GEPIV W]WXIQ WYTTSVXW E OI] WMÎ YT
XS FMXW JSV 67% ERH (7% GIVXMJMGEXIW ,MKLIV OI] WMÎW VIWYPX MR QSVI WIGYVI IRGV]TXMSR
EPKSVMXLQW
+IRIVEXI E OI] SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI OI] X]TI JSVQEX ERH IRGV]TXMSR
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 770 RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\ 67% /I]

GVIEXI WWP VWEOI] OI]*MPI FMXW ?
I\TSRIRXW ` * A ?
OI]JSVQ ()6 ` 4)1 A ?HIWA ?HIWA ?
TEWW[SVH WXVMRKA
(7% /I]
GVIEXI WWP HWEOI] OI]*MPI FMXW ?
OI]JSVQ ()6 ` 4)1 A ?HIWA ?HIWA ?
TEWW[SVH WXVMRKA
+IRIVEXMRK E 'IVXMJMGEXI 7MKRMRK 6IUYIWX

3FXEMRMRK ER 770 GIVXMJMGEXI JVSQ ER EYXLSVMÎH GIVXMJMGEXI EYXLSVMX] '% VIUYMVIW XLI GVIEXMSR ERH
WYFQMWWMSR SJ E GIVXMJMGEXI WMKRMRK VIUYIWX '76
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PSGEXMSR
'SQQERHPMRI W]RXE\
GVIEXI WWP GIVX6IU VIU*MPI ?
OI]*MPI OI]*MPI2EQIA?
JMTW/I]2EQI WXVMRKA ?OI]JSVQ ()6 ` 4)1
770 'IVXMJMGEXIW
8LI 2IX7GEPIV W]WXIQ WYTTSVXW 770 GIVXMJMGEXIW XLEX EVI IMXLIV WIPJWMKRIH SV WMKRIH F] E XVYWXIH '%
8LI 2IX7GEPIV W]WXIQ GER EGX EW E GIVXMJ]MRK EYXLSVMX] ERH TVSZMHIW STXMSRW JSV KIRIVEXMRK E WIPJ
WMKRIH GIVXMJMGEXI JSV XIWXMRK
8LI 2IX7GEPIV GIVXMJMGEXI XSSPW GER FI YWIH XS KIRIVEXI XLI JSPPS[MRK GIVXMJMGEXI X]TIW
y 6SSX '% GIVXMJMGEXIW
y -RXIVQIHMEXI GIVXMJMGEXIW
y 7IVZIV GIVXMJMGEXIW
y 'PMIRX GIVXMJMGEXIW
6SSX '% 'IVXMJMGEXIW

'PMIRX HIZMGIW YWI GIVXMJMGEXIW XS VIGSKRMÎ [LMGL RIX[SVO IRXMXMIW XS XVYWX 'IVXMJMGEXIW EVI EWWMKRIH
XS GPMIRXW F] E GIVXMJMGEXI EYXLSVMX] '% ERH GEVV] ER IUYMZEPIRX XVYWX XS XLEX SJ XLI '% MXWIPJ *SV E
RIX[SVO IRXMX] XS EGX EW E '% ERH MWWYI MXW S[R GIVXMJMGEXIW XS GPMIRXW MX VIUYMVIW E VSSX'%
GIVXMJMGEXI 8LMW WITEVEXI GIVXMJMGEXI MW YWIH XS MWWYI XLI GPMIRX GIVXMJMGEXIW 8LI VSSX'% GIVXMJMGEXI MW
GVMXMGEP EW MX EGXW EW XLI EYXLSVMX] WXEQT SR EPP GPMIRX GIVXMJMGEXIW XLEX XLI '% [MPP MWWYI
% 2IX7GEPIV W]WXIQ GER EGX EW E '% ERH KIRIVEXI WIPJWMKRIH GIVXMJMGEXIW F] GVIEXMRK XLI VSSX'%
GIVXMJMGEXI MXWIPJ -R XLMW WGIREVMS GPMIRXW QYWX FI GSRJMKYVIH XS EGGITX XLI 2IX7GEPIV GVIEXIH VSSX'%
GIVXMJMGEXI XS XVYWX XLI GPMIRX GIVXMJMGEXIW XLEX XLI 2IX7GEPIV W]WXIQ [MPP MWWYI 8S GVIEXI E VSSX'%
GIVXMJMGEXI ]SY QYWX WYTTP] E OI] JMPI ERH E GIVXMJMGEXI VIUYIWX
-RXIVQIHMEXI '% 'IVXMJMGEXIW

6SSX '%W GER EWWMKR GIVXMJMGEXIW JSV ER MRXIVQIHMEXI '% %R MRXIVQIHMEXI '% GER XLIR MWWYI WIVZIV
GIVXMJMGEXIW TIVWSREP GIVXMJMGEXIW TYFPMWLIV GIVXMJMGEXIW SV GIVXMJMGEXIW JSV SXLIV MRXIVQIHMEXI '%W
8LI MRXIVQIHMEXI '% MW PSGEXIH FIX[IIR ]SYV VSSX '% ERH IRXIVTVMWI '% ERH VIUYMVIW ERSXLIV PIZIP
SJ ZEPMHEXMSR GVIEXMRK E ZIVMJMGEXMSR GLEMR
7IVZIV 'IVXMJMGEXIW
8LI 2IX7GEPIV W]WXIQ QYWX LEZI E WIVZIV GIVXMJMGEXI JSV ER MRMXMEP GPMIRX 770 WIWWMSR 8LI WIVZIV
GIVXMJMGEXI ZIVMJMIW XLI WIVZIV MHIRXMX] XS XLI GPMIRX 8LI GIVXMJMGEXI EYXLSVMX] ZIVMJMIW XLEX XLI
GSQTER] YWMRK XLI WIVZIV GIVXMJMGEXI [EW EYXLSVMÎH XS MWWYI E GIVXMJMGEXI JSV XLI HSQEMR 8S GVIEXI
E WIVZIV GIVXMJMGEXI ]SY QYWX WTIGMJ] XLI GIVXMJMGEXI VIUYIWX XLI VSSX'% SV MRXIVQIHMEXI '%
GIVXMJMGEXI XLEX WLSYPH FI YWIH XS KIRIVEXI XLI WIVZIV GIVXMJMGEXI HIXEMPW VIKEVHMRK XLI OI] JSVQEX
ERH ER SYXTYX JMPI JSV XLI '% WIVMEP RYQFIV
'PMIRX 'IVXMJMGEXIW
'PMIRX GIVXMJMGEXIW EVI MWWYIH XS E YWIV F] E GIVXMJMGEXMSR EYXLSVMX] 8LI GIVXMJMGEXI [LMGL GSRWMWXW SJ
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[EW MWWYIH 8LI HMJJIVIRGI FIX[IIR WIVZIV ERH GPMIRX GIVXMJMGEXIW MW XLEX WIVZIV GIVXMJMGEXIW TVSZMHI
IRGV]TXMSR ERH WIGYVMX] JYRGXMSREPMX] [LIVIEW GPMIRX GIVXMJMGEXIW TVSZMHI YWIV EYXLIRXMGEXMSR
JYRGXMSREPMX]
(MJJIVIRX TEVEQIXIVW EVI VIUYMVIH [LIR GVIEXMRK IEGL SJ XLI EFSZI GIVXMJMGEXIW
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XLI '% GIVXMJMGEXI JMPI JSVQEX XLI '% OI] JMPI REQI XLI '% OI] JMPI JSVQEX [LIXLIV XLI '% OI] MW
IRGV]TXIH ERH XLI '% WIVMEP RYQFIV JMPI

PSGEXMSR
'SQQERHPMRI W]RXE\
GVIEXI WWP GIVX GIVX*MPI VIU*MPI GIVX8]TI ?
OI]*MPI MRTYXCJMPI2EQIA ?
OI]*SVQ ()6 ` 4)1 A ?
HE]W TSWMXMZICMRXIKIVA ?
GIVX*SVQ ()6 ` 4)1 A ?
'%GIVX MRTYXCJMPI2EQIA ?
'%GIVX*SVQ ()6 ` 4)1 A ?
'%OI] MRTYXCJMPI2EQIA ?
'%OI]*SVQ ()6 ` 4)1 A ?
'%WIVMEP SYXTYXCJMPI2EQIA
'IVXMJMGEXI /I] 4EMVW

*SV 770 TVSGIWWMRK XS SGGYV ER 770 OI] JMPI QYWX FI FSYRH XS XLI ZMVXYEP WIVZIV %R 770 OI] JMPI MW
ER MRXIKVEP IPIQIRX SJ XLI 770 IRGV]TXMSR ERH HIGV]TXMSR TVSGIWW [LMGL MW YWIH HYVMRK XLI 770
LERHWLEOI XS HIXIVQMRI XLI GMTLIV XLEX [MPP FI YWIH JSV 770 TVSGIWWMRK ERH EPWS XS IWXEFPMWL XLI
MHIRXMX] SJ XLI 770 WIVZIV
'IVXMJMGEXI /I] 4EMV

&IJSVI E GPMIRX GIVXMJMGEXI GER FI YWIH JSV 770 TVSGIWWMRK MX QYWX FI TEMVIH [MXL MXW GSVVIWTSRHMRK
OI] JMPI [LMGL VIWMHIW SR XLI 2IX7GEPIV W]WXIQ 8LMW GIVXOI] TEMV MW XLIR FSYRH XS XLI GPMIRX
GSRRIGXMSR JSV 770 TVSGIWWMRK
% GIVXMJMGEXI OI] TEMV MW YWIH SR E TIV GSRRIGXMSR FEWMW )EGL GPMIRX GSRRIGXMSR VIUYMVIW E
YRMUYI GIVXMJMGEXI OI] TEMV
%HHMRK E 'IVXMJMGEXI /I] 4EMV

%HH E OI] JMPI SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI GIVXMJMGEXI JMPI REQI XLI TVMZEXI JMPI REQI
XLI TEWW[SVH ERH XLI GIVXMJMGEXI JSVQEX

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WWP GIVXOI] GIVXOI]2EQI
GIVX JMPI2EQI?OI] JMPI2EQI ?
TEWW[SVHA ` JMTWOI] WXVMRKA ?
MRJSVQ ()6 ` 4)1 A?
I\TMV]1SRMXSV )2%&0)( ` (-7%&0)( A?
RSXMJMGEXMSR4IVMSH TSWMXMZICMRXIKIVA
&MRH E /I] *MPI

&MRH E OI] JMPI F] WTIGMJ]MRK XLI ZMVXYEP WIVZIV REQI ERH XLI OI] JMPI REQI SR XLI 2IX7GEPIV W]WXIQ
'SRJMKYVEXMSR 9XMPMX] YRHIV XLI 770 RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
FMRH WWP GIVXOI] GIVXOI]REQI SGWT6IWTSRHIV?
WXVMRK"A TVMSVMX] TSWMXMZICMRXIKIV
770 3JJPSEH
8LI 770 SJJPSEH JIEXYVI IRWYVIW XLI WIGYVI HIPMZIV] SJ ;IF ETTPMGEXMSRW [MXLSYX HIKVEHMRK YWIV
TIVJSVQERGI 8LI 2IX7GEPIV W]WXIQ MRXIVGITXW 770 XVERWEGXMSRW SR FILEPJ SJ FEGOIRH ;IF WIVZIVW
8LI 2IX7GEPIV W]WXIQ XLIR TVSGIWWIW XLIWI XVERWEGXMSRW ETTPMIW W]WXIQ TSPMGMIW ERH VIPE]W XLI
XVERWEGXMSRW XS XLI WIVZIVW MR IMXLIV TPEMR XI\X SV IRGV]TXIH QSHI
8LI JSPPS[MRK GSQTSRIRXW ERH WIXXMRKW EVI VIUYMVIH MR SVHIV XS TVSTIVP] GSRJMKYVI 770 SJJPSEH
y % HIJMRIH 770 XIVQMREXMSR TSMRX
y % WIVZIV GIVXMJMGEXI MRWXEPPIH SR XLI 2IX7GEPIV W]WXIQ
y 6SSX MRXIVQIHMEXI ERH GPMIRX GIVXMJMGEXIW MRWXEPPIH SR XLI GPMIRX HITIRHMRK SR IRZMVSRQIRXEP
RIIHW
y %TTVSTVMEXI WIVZIVW WIVZMGIW ERH ZMVXYEP WIVZIVW GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ
770 8IVQMREXMSR 4SMRXW

8S TVSTIVP] GSRJMKYVI XLI 2IX7GEPIV W]WXIQ ]SY QYWX HIXIVQMRI XLI 770 XIVQMREXMSR TSMRXW 770
XVERWEGXMSRW QE] FI XIVQMREXIH SR SRI SJ XLI JSPPS[MRK HIZMGIW
y 'MXVM\ 2IX7GEPIV %TTPMGEXMSR 7[MXGL
y 'MXVM\ %TTPMGEXMSR *MVI[EPP
y 2IX[SVO JMVI[EPP
y ;IF WIVZIV
8LI JSPPS[MRK XIVQMREXMSR QIXLSHW GER FI YWIH SR XLI 2IX7GEPIV W]WXIQ SV SR XLI WIVZIVW
y 8IVQMREXMRK 770 SR 2IX7GEPIV 7]WXIQ
y 8IVQMREXMRK 770 SR XLI WIVZIVW
8IVQMREXMRK 770 SR XLI 2IX7GEPIV 7]WXIQ

8IVQMREXMRK 770 SR XLI 2IX7GEPIV W]WXIQ LEW WIZIVEP FIRIJMXW
y 8LI WIVZIV MW JVIIH JVSQ XLI I\XIRWMZI '49 G]GPIW VIUYMVIH JSV XLI LERHWLEOI IRGV]TXMSR ERH
HIGV]TXMSR TVSGIWWIW
y 7[MXGLMRK HIGMWMSRW GER FI QEHI FEWIH SR VIUYIWX GSRXIRX
y (IRMEPSJWIVZMGI EXXEGO TVSXIGXMSRW GER FI MQTPIQIRXIH
8IVQMREXMRK 770 SR XLI 7IVZIVW

8LI TVMQEV] FIRIJMX XS XIVQMREXMRK 770 SR XLI WIVZIVW MW XLI EFMPMX] XS HITPS] E 2IX7GEPIV W]WXIQ
[MXLSYX ER] GLERKIW XS XLI WIVZIV GSRJMKYVEXMSR *YVXLIVQSVI MJ XLI 2IX7GEPIV W]WXIQ MW
MRXIVGITXMRK XLI GSRRIGXMSR 7=2 EXXEGO TVIZIRXMSR FIRIJMXW GER FI QEMRXEMRIH ,S[IZIV XLI WIVZIV
[MPP VIUYMVI WMKRMJMGERX TVSGIWWMRK TS[IV XS LERHPI XLI 770 XVERWEGXMSRW
-R QSWX GEWIW 770 WIWWMSRW [MPP FI XIVQMREXIH SR XLI 2IX7GEPIV W]WXIQ -R GVMXMGEP FEROMRK SV
JMRERGMEP XVERWEGXMSRW 770 IRGV]TXMSR QYWX GSRXMRYI XLVSYKL XS XLI WIVZIVW XS IRWYVI XLEX XLI
XVERWEGXMSR GERRSX FI GSQTVSQMWIH YRHIV ER] GSRHMXMSR
8LI 770 VIUYMVIQIRXW JSV E TEVXMGYPEV IRZMVSRQIRX HITIRH SR LS[ 770 [MPP FI HITPS]IH 8LI
JSPPS[MRK WGIREVMSW EVI XLI QSWX GSQQSR
*VSRXIRH 770 [MXL &EGO *VSRXIRH 770 [MXL FEGOIRH ,884 VIJIVW XS E RIX[SVO
IRH ,884 GSRJMKYVEXMSR XLEX EPPS[W XLI 2IX7GEPIV W]WXIQ XS SJJPSEH 770
IRGV]TXMSR ERH HIGV]TXMSR ERH TEWW XVEJJMG XS ;IF WIVZIVW MR TPEMR
XI\X
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IRH 770 XLEX EPPS[W XLI 2IX7GEPIV W]WXIQ XS TEWW XVEJJMG XS ;IF WIVZIVW MR
IRGV]TXIH QSHI %PXLSYKL XLI 2IX7GEPIV W]WXIQ HSIW RSX JYPP]
SJJPSEH 770 TVSGIWWMRK MX GER TVSZMHI E FIRIJMX XLVSYKL 770
GSRRIGXMSR QYPXMTPI\MRK SV XLI YWI SJ E WQEPPIV GMTLIV
*VSRXIRH 8'4 SZIV 770 *VSRXIRH 8'4 SZIV 770 [MXL FEGOIRH 8'4 VIJIVW XS E RIX[SVO
[MXL &EGOIRH 8'4 GSRJMKYVEXMSR XLEX EPPS[W XLI 2IX7GEPIV W]WXIQ XS SJJPSEH 770
IRGV]TXMSR ERH HIGV]TXMSR JSV GPMIRX GSRRIGXMSRW EW [IPP EW TEWW ER]
8'4 XVEJJMG XS WIVZIVW MR TPEMR XI\X %R I\EQTPI SJ XLMW X]TI SJ
HITPS]QIRX WGIREVMS MW TVSZMHMRK WIGYVI EGGIWW JSV 0(%4
HMVIGXSVMIW
*VSRXIRH 770 [MXL &EGOIRH ,884 6IUYMVIQIRXW

8LI JMKYVI ERH XLI JSPPS[MRK PMWX TVSZMHI ER SZIVZMI[ SJ XLI VIUYMVIQIRXW RIGIWWEV] JSV E JVSRXIRH
770 [MXL FEGOIRH ,884 GSRJMKYVEXMSR
y %R MRWXEPPIH GIVXMJMGEXI
y % PSEHFEPERGMRK ZMVXYEP WIVZIV YWMRK XLI 770 TVSXSGSP
y 3RI SV QSVI ,884 WIVZMGIW EWWSGMEXIH [MXL FEGOIRH ;IF WIVZIVW
7IGYVMRK 8VEJJMG &IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV
7]WXIQ
7IGYVI XLI XVEJJMG FIX[IIR E GPMIRX ERH XLI 2IX7GEPIV W]WXIQ YWMRK XLI JSPPS[MRK TVSGIWW
)\TSVX ER I\MWXMRK OI] SV GIVXMJMGEXI SV KIRIVEXI E OI] ERH '76
'SRZIVX XLI GIVXMJMGEXI JMPI XS 4)1 SV ()6 YWMRK 3TIR770 MJ ETTPMGEFPI
9TPSEH XLI GIVXMJMGEXI ERH OI] XS XLI 2IX7GEPIV W]WXIQ YWMRK ER 7'4 SV 7*84 ETTPMGEXMSR
'VIEXI E GIVXOI] IRXMX] XS MRWXEPP XLI GIVXMJMGEXI ERH OI] TEMV SR XLI 2IX7GEPIV W]WXIQ
'VIEXI WIVZIVW XLEX TSMRX XS XLI FEGOIRH ;IF WIVZIVW
-J XLI WIVZIVW LEZI FIIR GVIEXIH TVIZMSYWP] XLMW WXIT MW RSX RIGIWWEV]
'VIEXI ER ,884 WIVZMGI EWWSGMEXIH [MXL XLI ;IF WIVZIVW
-J XLI WIVZMGI LEW FIIR GVIEXIH TVIZMSYWP] XLMW WXIT MW RSX RIGIWWEV]
'VIEXI E PSEHFEPERGMRK 770 ZMVXYEP WIVZIV YWMRK TSVX

&MRH XLI ZMVXYEP WIVZIV XS XLI WIVZMGIW
&MRH XLI GIVXOI] XS XLI ZMVXYEP WIVZIV
*VSRXIRH 770 [MXL &EGOIRH 770 6IUYMVIQIRXW
770 [MXL FEGOIRH 770 GSRJMKYVEXMSR
y %R MRWXEPPIH GIVXOI] JSV XVEJJMG FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH GPMIRX
y % PSEHFEPERGMRK ZMVXYEP WIVZIV WIX XS YWI XLI 770 TVSXSGSP
y %R 770 WIVZMGI SV WIVZMGIW EWWSGMEXIH [MXL FEGOIRH ;IF WIVZIVW
%R STXMSREP QSVI WIGYVI GSRJMKYVEXMSR MW XS MRWXEPP E GIVXOI] JSV XVEJJMG FIX[IIR XLI 2IX7GEPIV
W]WXIQ ERH FEGOIRH ;IF WIVZIVW
7IGYVMRK 8VEJJMG &IX[IIR XLI 2IX7GEPIV ERH XLI 7IVZIV

7IGYVI XLI XVEJJMG FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH ;IF WIVZIVW YWMRK XLI JSPPS[MRK TVSGIWW
-RWXEPP GIVXMJMGEXIW XS WIGYVI XVEJJMG FIX[IIR XLI GPMIRX ERH XLI 2IX7GEPIV W]WXIQ EW [IPP EW
FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH XLI FEGOIRH ;IF WIVZIVW
'VIEXI 770 WIVZMGIW EWWSGMEXIH [MXL XLI ;IF WIVZIVW
-J XLI WIVZMGIW LEZI FIIR GVIEXIH TVIZMSYWP] XLMW WXIT MW RSX RIGIWWEV]
'VIEXI ER 770 ZMVXYEP WIVZIV JSV XLI ;IF WIVZIVW

&MRH XLI ZMVXYEP WIVZIVW XS XLI ETTVSTVMEXI WIVZMGIW
&MRH XLI FEGOIRH GIVXMJMGEXIGIVXOI]
*VSRXIRH 770C8'4 [MXL &EGOIRH 8'4 6IUYMVIQIRXW

770C8'4 [MXL E FEGOIRH 8'4 GSRJMKYVEXMSR
y %R MRWXEPPIH GIVXOI]
y % PSEHFEPERGMRK ZMVXYEP WIVZIV YWMRK XLI 770C8'4 TVSXSGSP
y % 8'4 WIVZMGI SV WIVZMGIW EWWSGMEXIH [MXL FEGOIRH ;IF WIVZIVW
7IGYVMRK 8'4 8VEJJMG &IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV

7]WXIQ
7IGYVI 8'4 XVEJJMG FIX[IIR E GPMIRX ERH XLI 2IX7GEPIV W]WXIQ EW [IPP EW TEWW 8'4 XVEJJMG XS WIVZIV
YWMRK XLI JSPPS[MRK TVSGIWW
-RWXEPP GIVXMJMGEXIW XS WIGYVI XVEJJMG FIX[IIR XLI GPMIRX ERH XLI 2IX7GEPIV W]WXIQ
'VIEXI 8'4 WIVZMGIW EWWSGMEXIH [MXL XLI WIVZIVW
-J XLI WIVZMGIW LEZI FIIR GVIEXIH TVIZMSYWP] XLMW WXIT MW RSX RIGIWWEV]
'VIEXI ER 770C8'4 ZMVXYEP WIVZIV
&MRH XLI ZMVXYEP WIVZIVW XS XLI ETTVSTVMEXI WIVZMGIW
&MRH XLI ETTVSTVMEXI GIVXOI] XS XLI 770C8'4 ZMVXYEP WIVZIV
770C&VMHKI
8LI 770C&6-(+) JYRGXMSREPMX] EPPS[W EPP WIGYVI XVEJJMG XS FI XVERWTEVIRXP] FVMHKIH HMVIGXP] XS XLI
FEGOIRH ;IF WIVZIV 8LI W]WXIQ HSIW RSX XIVQMREXI SV SJJPSEH XLMW XVEJJMG -R XLMW WGIREVMS XLI
;IF WIVZIV QYWX LERHPI EPP 770VIPEXIH TVSGIWWMRK
8LMW GSRJMKYVEXMSR WLSYPH FI YWIH SRP] MJ ER EGGIPIVEXMSR YRMX JSV I\EQTPI E 4'-FEWIH
770 EGGIPIVEXSV GEVH MW MRWXEPPIH MR XLI ;IF WIVZIV XS LERHPI XLI 770 TVSGIWWMRK SZIVLIEH
-R ER 770C&6-(+) WIXYT XLI W]WXIQ MW GSRJMKYVIH XS PSEH FEPERGI ERH QEMRXEMR WIVZIV TIVWMWXIRG]
JSV WIGYVI VIUYIWXW YWMRK XLI 770 7IWWMSR-( 3XLIV JIEXYVIW WYGL EW GSRXIRX W[MXGLMRK 7YVI
'SRRIGX ERH GEGLI VIHMVIGXMSR HS RSX [SVO FIGEYWI XLI XVEJJMG TEWWMRK XLVSYKL XLI 2IX7GEPIV
W]WXIQ MW IRGV]TXIH &IGEYWI XLI W]WXIQ HSIW RSX GEVV] SYX ER] 770 TVSGIWWMRK MR ER 770C&6-(+)
WIXYT XLIVI MW RS RIIH XS FMRH E GIVXOI] XS XLI 770C&6-(+) ZMVXYEP WIVZIV
770C&VMHKI 6IUYMVIQIRXW
8LI JSPPS[MRK VIUYMVIQIRXW EVI RIGIWWEV] JSV ER 770C&VMHKI GSRJMKYVEXMSR
y % PSEH FEPERGMRK ZMVXYEP WIVZIV YWMRK XLI 770C&VMHKI TVSXSGSP
y % 770C&VMHKI WIVZMGI SV WIVZMGIW EWWSGMEXIH [MXL FEGOIRH ;IF WIVZIVW
770 QYWX FI IREFPIH XS GSRJMKYVI XLI 2IX7GEPIV W]WXIQ JSV 770 3JJPSEH
8LI JMKYVI ERH XLI JSPPS[MRK WXITW TVSZMHI ER SZIVZMI[ SJ XLI TVSGIWW YWIH XS GSRJMKYVI 770
3JJPSEH SR XLI 2IX7GEPIV W]WXIQ
)REFPI 770 3JJPSEH SR XLI 2IX7GEPIV W]WXIQ
'VIEXI ,8848'4 WIVZMGIW SR XLI 2IX7GEPIV W]WXIQ
'VIEXI 770 ZMVXYEP WIVZIVW SR XLI 2IX7GEPIV W]WXIQ
9WI ER I\MWXMRK OI] ERH GIVXMJMGEXI SV SFXEMR E OI] ERH GIVXMJMGEXI
9TPSEH XLI OI] ERH GIVXMJMGEXI XS XLI 2IX7GEPIV W]WXIQ
'VIEXI XLI GIVXOI] IRXMX] SR XLI 2IX7GEPIV W]WXIQ JVSQ XLI YTPSEHIH OI] ERH GIVXMJMGEXI
&MRH XLI GIVXOI] XS XLI 770 SV 770C8'4 ZMVXYEP WIVZIV
&MRH XLI WIVZMGIW XS XLI ZMVXYEP WIVZIV
'VIEXMRK ERH &MRHMRK 770 :MVXYEP 7IVZIV
%R 770 ZMVXYEP WIVZIV EGGITXW IRGV]TXIH XVEJJMG HIGV]TXW MX ERH WIRHW XLI GPIEV XI\X QIWWEKIW XS XLI
WIVZMGIW XLEX EVI FSYRH XS XLI ZMVXYEP WIVZIV 8LMW TVSGIWW EPPS[W JSV SJJPSEHMRK 770 TVSGIWWMRK XS
XLI 2IX7GEPIV W]WXIQ ERH XLI FEGOIRH WIVZIVW XS TVSGIWW E KVIEXIV RYQFIV SJ VIUYIWXW
'VIEXMRK ER 770 :MVXYEP 7IVZIV

'VIEXI ER 770 ZMVXYEP WIVZIV MR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI Z7IVZIV REQI WIVZMGI X]TI -4
EHHVIWW ERH TSVX SJ XLI ZMVXYEP WIVZIV
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 770 2SHI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH PF ZWIVZIV REQI" WIVZMGI8]TI"
? -4%HHVIWW" TSVX"A
%X PIEWX SRI WIVZMGI QYWX FI FSYRH XS E ZMVXYEP WIVZIV JSV XLI ZMVXYEP WIVZIV XS EGGITX MRGSQMRK
GPMIRX VIUYIWXW
&MRHMRK ER 770 :MVXYEP 7IVZIV

%X PIEWX SRI WIVZMGI QYWX FI FSYRH XS E ZMVXYEP WIVZIV JSV XLI ZMVXYEP WIVZIV XS EGGITX MRGSQMRK
GPMIRX VIUYIWXW
&MRH E WIVZMGI XS XLI 770 Z7IVZIV F] WTIGMJ]MRK XLI Z7IVZIV REQI ERH XLI WIVZMGI REQI

PSGEXMSR
'SQQERHPMRI W]RXE\
FMRH PF ZWIVZIV REQI" WIVZMGI2EQI"
%HZERGIH 770 7IXXMRKW
8LVII GSQQSRP] YWIH EHZERGIH 770 GSRJMKYVEXMSR STXMSRW EVI
y 770 VIHMVIGX
y 770Z TVSXSGSP
y 770Z VIHMVIGX
770 6IHMVIGX
)REFPMRK 770 6IHMVIGX GEYWIW XLI 2IX7GEPIV W]WXIQ XS GSRZIVX ER] ,884 VIHMVIGX VIWTSRWIW
JVSQ FEGOIRH WIVZIVW XS ,8847 VIHMVIGXW 770 6IHMVIGX MW YWIJYP MJ ,8847 MW FIMRK YWIH FIX[IIR
XLI GPMIRX ERH XLI 2IX7GEPIV W]WXIQ FYX ,884 MW FIMRK YWIH FIX[IIR XLI 2IX7GEPIV W]WXIQ ERH
FEGOIRH WIVZIV
*SV I\EQTPI [MXLSYX 770 6IHMVIGX IREFPIH [LIR E GPMIRX LEW ER 770 WIWWMSR IWXEFPMWLIH ERH
JSPPS[W E 960 XLEX FIKMRW [MXL ,884 XLI 770 WIWWMSR [MPP FI FVSOIR &] IREFPMRK 770 6IHMVIGX
XLI 2IX7GEPIV W]WXIQ [MPP MRXIVGITX XLI VIHMVIGX ERH ETTIRH ER 7 XS XLI 960 TVSXSGSP QEOMRK XLI
960 FIKMR [MXL ,8847 MRWXIEH 8LI 2IX7GEPIV W]WXIQ QEMRXEMRW XLI WIGYVI GLERRIP [MXLSYX
VIUYMVMRK ER] GLERKIW XS XLI FEGOIRH WIVZIV
*SV QSVI MRJSVQEXMSR EFSYX 770 6IHMVIGX VIJIV XS XLI LXXTWYTTSVXGMXVM\GSQTVSHHSGWMRHI\NWT
[IF WMXI
770Z 4VSXSGSP ERH 6IHMVIGX
770 Z
770 TVSXSGSP ZIVWMSR 770Z MW HMWEFPIH F] HIJEYPX FIGEYWI SJ ORS[R ZYPRIVEFMPMXMIW ,S[IZIV MJ
]SY ORS[ XLEX GPMIRXW GSRRIGXMRK XS XLI RIX[SVO WYTTSVX SRP] 770Z MX GER FI IREFPIH XLVSYKL XLI
'SRJMKYVI 770 4EVEQW WGVIIR SJ XLI 'SRJMKYVEXMSR 9XMPMX]
770Z 6IHMVIGX
8LI 770Z 6IHMVIGX JIEXYVI IREFPIW XLI 2IX7GEPIV W]WXIQ XS VIHMVIGX ER] VIUYIWXW JVSQ 770Z GPMIRXW
XS E TVIGMWI IVVSV QIWWEKI IMXLIV YWIV GSRJMKYVIH SV MRXIVREPP] KIRIVEXIH MRWXVYGXMRK XLI GPMIRX
EFSYX E JYVXLIV GSYVWI SJ EGXMSR *SV I\EQTPI XLI VIHMVIGX GSYPH MRWXVYGX YWIVW SR LS[ XS YTKVEHI
XS ER 770Z GPMIRX 8LI 770Z TVSXSGSP QYWX FI HMWEFPIH MR SVHIV JSV 770Z 6IHMVIGX XS [SVO
SXLIV[MWI XLI 2IX7GEPIV W]WXIQ [MPP RIKSXMEXI XLI 770Z LERHWLEOI
'SRJMKYVMRK %HZERGIH 7IXXMRKW
'SRJMKYVI EHZERGIH WIXXMRKW SR XLI 2IX7GEPIV F] GSRJMKYVMRK TEVEQIXIVW SJ XLI ZMVXYEP WIVZIV
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 770 3JJPSEH RSHI

PSGEXMSR
'SQQERH0MRI 7]RXE\
WIX WWP ZWIVZIV ZWIVZIV2EQI$ ?
GPIEV8I\X4SVX TSVXA ?
HL )2%&0)( ` (-7%&0)(
HL*MPI JMPI2EQIA ?
HL'SYRX TSWMXMZICMRXIKIVA ?
I67% )2%&0)( ` (-7%&0)( ?
I67%'SYRX TSWMXMZICMRXIKIVAA ?
WIWW6IYWI )2%&0)( ` (-7%&0)( ?
WIWW8MQISYX TSWMXMZICMRXIKIVAA ?
GMTLIV6IHMVIGX )2%&0)( ` (-7%&0)( ?
GMTLIV960 960AA ?
WWPZ6IHMVIGX )2%&0)( ` (-7%&0)( ?
WWPZ960 960AA ?
GPMIRX%YXL )2%&0)( ` (-7%&0)( ?
GPMIRX'IVX 1ERHEXSV] ` 3TXMSREP AA ?
WWP6IHMVIGX )2%&0)( ` (-7%&0)( A ?
VIHMVIGX4SVX6I[VMXI )2%&0)( ` (-7%&0)( A ?
RSR*MTW'MTLIVW )2%&0)( ` (-7%&0)( A?
WWP )2%&0)( ` (-7%&0)( A ?
WWP )2%&0)( ` (-7%&0)( A ?
XPW )2%&0)( ` (-7%&0)( A
6IZMI[
;LMGL X[S STXMSRW EVI ZEPMH QIERW SJ SFXEMRMRK E WIVZIV GIVXMJMGEXI JSV YWI MR E TVSHYGXMSR
IRZMVSRQIRX# 'LSSWI X[S
E 6IUYIWX E GIVXMJMGEXI JVSQ E XVYWXIH GIVXMJMGEXI EYXLSVMX]
F +IRIVEXI E WIPJWMKRIH GIVXMJMGEXI SR XLI 2IX7GEPIV W]WXIQ
G 9WI ER I\MWXMRK GIVXMJMGEXI JVSQ E FEGOIRH [IF WIVZIV
H -RWXEPP E WXERHEVH WIVZIV GIVXMJMGEXI MWWYIH [MXL QSWX [IF FVS[WIVW
;LMGL X[S 2IX7GEPIV TVSXSGSPW [SYPH ]SY YWI XS XIVQMREXI 770 WIWWMSRW# 'LSSWI X[S
E 770
F 770C8'4
G 770C,884
H 770C&6-(+)
;LMGL FIRIJMX VIWYPXW JVSQ XIVQMREXMRK 770 XVERWEGXMSRW SR XLI 2IX7GEPIV W]WXIQ VEXLIV XLER
SR XLI WIVZIV# 'LSSWI X[S
E 8LI WIVZIV MW JVIIH JVSQ '49MRXIRWMZI 770 TVSGIWWMRK
F 770 IRGV]TXMSR GER FI TEWWIH XS XLI FEGOIRH WIVZIV
G % 2IX7GEPIV W]WXIQ GER FI HITPS]IH [MXLSYX GLERKIW XS XLI WIVZIV GSRJMKYVEXMSR
H 770 XVERWEGXMSRW XIVQMREXIH SR E 2IX7GEPIV EVI PIWW EFPI XS FI GSQTVSQMWIH XLER XLSWI
XIVQMREXIH SR E WIVZIV
1SHYPI
'SRJMKYVMRK +PSFEP
7IVZIV 0SEH &EPERGMRK
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+PSFEP 7IVZIV 0SEH &EPERGMRK +70& IREFPIW XLI 2IX7GEPIV W]WXIQ XS QEOI MRXIPPMKIRX XVEJJMG
HMVIGXMSR HIGMWMSRW *SV I\EQTPI MJ E WMXI JEMPW XLI 2IX7GEPIV W]WXIQ HIXIGXW XLI JEMPYVI ERH HMVIGXW
XVEJJMG XS ERSXLIV EZEMPEFPI WMXI 8LMW JIEXYVI TVIZIRXW GPMIRX VIUYIWXW JVSQ FIMRK WIRX XS E WMXI XLEX MW
YREZEMPEFPI SV SZIVPSEHIH
3FNIGXMZIW
y (IWGVMFI +70& EVGLMXIGXYVI
y -HIRXMJ] GSVI (27 GSRGITXW
y -HIRXMJ] GSVI +70& GSRGITXW
y (IWGVMFI XVEHMXMSREP +70&
y (IWGVMFI TVS\MQMX]FEWIH +70&
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 'SRJMKYVMRK +PSFEP 7IVZIV 0SEH &EPERGMRK
+70& 'SRGITXW
+70& MW E (27FEWIH WSPYXMSR XLEX PSEH FEPERGIW WIVZMGIW FIX[IIR KISKVETLMGEPP] HMWXVMFYXIH
PSGEXMSRW +70& STIVEXIW YRHIV QER] SJ XLI WEQI KIRIVEP TVMRGMTPIW EW PSEH FEPERGMRK FYX MX VIPMIW
SR (27 JSV HMVIGXMRK GPMIRX VIUYIWXW % QENSV FIRIJMX SJ +70& MW XLI VIHYGXMSR SJ ETTPMGEXMSR
PEXIRG]
8]TMGEP YWIW SJ +70& MRGPYHI
y 2IX[SVO XVEJJMG HMWXVMFYXMSR EGVSWW QYPXMTPI WMXIW
y 7IVZIV PSEH HMWXVMFYXMSR EGVSWW QYPXMTPI WMXIW
y (MWEWXIV VIGSZIV]
+70& ,MIVEVGL]
+70& RIX[SVOW LEZI E QE\MQYQ SJ WMXIW 2IX7GEPIV W]WXIQW GER FI HITPS]IH MR ,MIVEVGL] QSHI
JSV WGIREVMSW XLEX VIUYMVI EHHMXMSREP YRMXW
1SHYPI 'SRJMKYVMRK +PSFEP 7IVZIV 0SEH &EPERGMRK 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
+70& 'SRZIVWEXMSR 4VSGIWW
8LI JMKYVI ERH XLI JSPPS[MRK WXITW MPPYWXVEXI KIRIVEP +70& EVGLMXIGXYVI 8LI EWXIVMWOW MR XLI JMKYVI
HIRSXI XLEX XLI FEGOIRH (27 WIVZIV MW RIGIWWEV] MR E TVS\] (27 GSRJMKYVEXMSR SRP] 8LI
2IX7GEPIV W]WXIQ ERW[IVW XLI WMXI (27 VIUYIWXW MR EYXLSVMXEXMZI (27 GSRJMKYVEXMSRW
8LI YWIV IRXIVW [[[I\EQTPIGSQ MR E ;IF FVS[WIV
8LI GPMIRX WIRHW E (27 PSSOYT UYIV] JSV [[[I\EQTPIGSQ XS XLI REQI WIVZIV XLEX MW
GSRJMKYVIH
8LI REQI WIVZIV VIXYVRW XLI -4 EHHVIWW JSV E REQI WIVZIV XLEX MW EYXLSVMXEXMZI JSV
[[[I\EQTPIGSQ EW HIPMZIVIH F] XLI VSSX WIVZIV 8LI VIXYVRIH EHHVIWW MW XLI SRI VIKMWXIVIH
JSV XLI [[[WMXI%I\EQTPIGSQ WMXI 8LI XSTPIZIP WIVZIVW VSSX WIVZIVW GMVGPI XLVSYKL XLI PMWX
VSYRH VSFMR ERH VIXYVR XLI RI\X -4 EHHVIWW MR PMRI
8LI GPMIRX UYIVMIW XLI 2IX7GEPIV W]WXIQ MR XLI +70& GSRJMKYVEXMSR EX XLI -4 EHHVIWW VIXYVRIH MR
XLI TVMSV WXIT 8LI 2IX7GEPIV W]WXIQ FEWIH SR MXW GSRJMKYVIH PSEHFEPERGMRK QIXLSH VIXYVRW
XLI -4 EHHVIWW XLI GPMIRX RIIHW XS UYIV] JSV XLI WIVZMGI JSV [LMGL MX MW PSSOMRK WYGL EW ,884
ERH ,8847
8LI VIWTSRHMRK 2IX7GEPIV W]WXIQ UYIVMIW XLI FEGOIRH (27 WIVZIV JSV XLI EHHVIWW XS WIVZI XLI
PSSOYT VIUYIWX MJ XLI +70& GSRJMKYVEXMSR MW E TVS\] (27 GSRJMKYVEXMSR
8LI WMXI XS [LMGL XLI 2IX7GEPIV W]WXIQ HMVIGXW XLI GPMIRX MW IMXLIV
y % WMXI XLI 2IX7GEPIV W]WXIQ MW LSWXMRK [MXLMR XLI PSEHFEPERGMRK GSRJMKYVEXMSR
y %RSXLIV +70& WMXI [MXLMR XLI QIQFIVWLMT SJ WMXIW
+70& )RXMXMIW
+70& GSRJMKYVEXMSR MW GSQTVMWIH SJ IRXMXMIW SR XLI 2IX7GEPIV W]WXIQ XLEX HMVIGX GPMIRX XVEJJMG XS
ETTPMGEXMSRW ERH VIWSYVGIW 8LI JMKYVI ERH XLI JSPPS[MRK MXIQW MHIRXMJ] XLI IRXMXMIW MR E +70&
IRZMVSRQIRX
+70& 7MXI % +70& WMXI MW X]TMGEPP] E HEXEGIRXIV MR [LMGL E 2IX7GEPIV W]WXIQ MW

PSGEXIH 8LI XIVQW PSGEP WMXI ERH VIQSXI WMXI EVI YWIH XS VIJIV XS XLI
WMXI MR VIPEXMSR XS XLI 2IX7GEPIV W]WXIQW MR XLI +70& HITPS]QIRX %
PSGEP +70& WMXI MW PSGEXIH SR XLI 2IX7GEPIV W]WXIQ [LIVIEW E VIQSXI
WMXI MW PSGEXIH SR E HMJJIVIRX 2IX7GEPIV W]WXIQ
+&07 7IVZMGI % +70& WIVZMGI MW E WIVZMGI [LMGL MW FSYRH XS E PSEHFEPERGMRK SV
GSRXIRXW[MXGLMRK +70& ZMVXYEP WIVZIV [LMGL HIXIVQMRIW LS[
MRGSQMRK XVEJJMG MW VSYXIH
+70& :MVXYEP 7IVZIV % +70& ZMVXYEP WIVZIV IREFPIW GPMIRX VIUYIWXW XS FI JSV[EVHIH XS XLI
ETTVSTVMEXI HEXE +70& WMXI % +70& ZMVXYEP WIVZIV MW EWWMKRIH SRI SV
QSVI +70& WIVZMGIW ERH PSEH FEPERGIW XLI MRGSQMRK XVEJJMG FIX[IIR
XLI WIVZMGIW 8LI +70& ZMVXYEP WIVZIV QSRMXSVW XLI WIVZMGIW FEWIH SR
XLI EWWMKRIH QIXLSH XS HIXIVQMRI XLI ETTVSTVMEXI WIVZMGI
(27 ZMVXYEP WIVZIVW EVI SRP] RIGIWWEV] MR E (27 TVS\]
GSRJMKYVEXMSR 3XLIV[MWI MR ER %(27 GSRJMKYVEXMSR IEGL +70& WMXI
[MPP YWI XLI PSGEPP] GSRJMKYVIH (27 WIVZMGI [MXL QMVVSVIH WXEXMG
(27 VIGSVHW JSV IEGL WMXI MR XLI GSRJMKYVEXMSR
0SEH&EPERGMRK SV 0SEHFEPERGMRK SV GSRXIRXW[MXGLMRK ZMVXYEP WIVZIVW PSEH FEPERGI

'SRXIRX7[MXGLMRK :MVXYEP MRGSQMRK XVEJJMG XS XLI ETTVSTVMEXI WIVZIV
7IVZIV
%(27 7IVZMGI 8LI %(27 WIVZMGI EGGITXW MRGSQMRK GPMIRX VIUYIWXW
1IXVMG )\GLERKI 4VSXSGSP
8LI 2IX7GEPIV W]WXIQ YWIW XLI TVSTVMIXEV] QIXVMG I\GLERKI TVSXSGSP 1)4 XS I\GLERKI WMXI
QIXVMGW RIX[SVO QIXVMGW ERH TIVWMWXIRGI MRJSVQEXMSR FIX[IIR WMXIW % WMRKPI PSRKPMZIH GSRRIGXMSR
FIX[IIR X[S WMXIW MW YWIH XS I\GLERKI EPP QIXVMG MRJSVQEXMSR 8LI WMXI [MXL XLI PS[IV +70& WMXI -4
EHHVIWW MRMXMEXIW XLI GSRRIGXMSR [MXL XLI WMXI [MXL XLI LMKLIV +70& WMXI -4 EHHVIWW &] HIJEYPX XLMW
GSRRIGXMSR MW QEHI JVSQ XLI 27-4 EHHVIWW XS XLI +70& WMXI -4 EHHVIWW ,S[IZIV ]SY GER
GSRJMKYVI XLI 2IX7GEPIV W]WXIQ XS YWI ER -4 EHHVIWW SXLIV XLER XLI 27-4 EHHVIWW
4IVJSVQMRK YWIV EYXLIRXMGEXMSR FIJSVI QIXVMG MRJSVQEXMSR MW I\GLERKIH TVSZMHIW GSRXVSPPIH EGGIWW
%PP WMXIW XEOMRK TEVX MR QIXVMG I\GLERKI WLSYPH LEZI XLI WEQI RWVSSX YWIV -( ERH TEWW[SVH
8LI GSQQYRMGEXMSR TVSGIWW MW EGGSQTPMWLIH FIX[IIR IEGL +70& WMXI SR 8'4 TSVX SV TSVX
MJ WIGYVI =SY QYWX STIR XLI GSVVIGX TSVX SR ER] JMVI[EPPW FIX[IIR XLI 2IX7GEPIV W]WXIQW 8LI
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8LI 2IX7GEPIV W]WXIQ JMRHW E QEXGL ERH XLI TSPMG] IZEPYEXMSR TVSGIWW IRHW 8LI WTIGMJMIH
EGXMSRW EVI TIVJSVQIH
8LI 2IX7GEPIV W]WXIQ MRZSOIW XLI RI\X FERO SJ TSPMGMIW ERH XLI VIUYIWX MW IZEPYEXIH EKEMRWX XLI
RI\X TSPMG] FERO MJ RS QEXGL MW JSYRH
8LI 2IX7GEPIV W]WXIQ TIVJSVQW XLI MHIRXMJMIH EGXMSR MJ E QEXGL MW JSYRH
8LI 2IX7GEPIV W]WXIQ TIVJSVQW XLI VYPIWTIGMJMG SV XLI KPSFEP 9RHIJ%GXMSR MR MRWXERGIW [LIR
RS QEXGL MW JSYRH ERH EPP SJ XLI MHIRXMJMIH TSPMG] FEROW ERH TSPMGMIW LEZI FIIR IZEPYEXIH
9WMRK XLI 4SPMG] 1EREKIV

8LI TSPMG] QEREKIV TVSZMHIW ER IEW] MRXIVJEGI JSV QEREKMRK FMRH TSMRXW TVMSVMXMIW ERH TSPMG] PEFIPW
MR XLI 'SRJMKYVEXMSR 9XMPMX] 8LI TSPMG] QEREKIV QEOIW GSRJMKYVMRK TVMSVMXMIW [MXLMR FMRH TSMRXW
8VERWJSVQ
QYGL IEWMIV FIGEYWI XLI PSKMG MW FYMPXMR ERH [MPP RSX PIX ]SY GSRJMKYVI JEYPX] PSKMG *SV I\EQTPI XLI
+S8S)\T PSKMG MW FYMPX MRXS XLI TSPMG] QEREKIV 8LI 2IX7GEPIV W]WXIQ GERRSX YWI +S8S)\T XS KS XS
ERSXLIV TSPMG] PEFIP 8LI JMVWX XLVII TSPMG] PEFIPW EVI QSWX JVIUYIRXP] YWIH 'SRJMKYVMRK JSV E KPSFEP
FMRH TSMRX VIWYPXW MR EPP XVEJJMG FIMRK IZEPYEXIH
8LI ZMVXYEP WIVZIV FMRH TSMRX ETTPMIW XS E WYFWIX SJ XLI KPSFEP XVEJJMG *SV I\EQTPI GSRXIRX W[MXGLMRK
[MPP LMX E WYFWIX SJ XLI XVEJJMG XLVSYKL XLEX ZMVXYEP WIVZIV ;LIR FMRHMRK WXEVX [MXL XLI QSWX WTIGMJMG
X]TI JMVWX XLIR KS XS GSRXIRX W[MXGLMRK ZMVXYEP WIVZIV ERH XLIR XS XLI KPSFEP HIJEYPX 0EWXP] XLIVI MW
E WTIGMEP TSPMG] PEFIP XLEX GER KPSFEP SZIVVMHI EPP SJ XLI TVMSV XLVII PEFIPW 8LI TVSGIWWMRK MW XLI WEQI
EW MX MW PMWXIH MR XLI TSPMG] QEREKIV HMEPSK FS\ MR XLI 'SRJMKYVEXMSR 9XMPMX]
4SPMG] 1EREKIV 'SRXMRYIH

8LI TSPMG] QEREKIV MR XLI 'SRJMKYVEXMSR 9XMPMX] LEW EPP SJ XLI RIGIWWEV] PSKMG FYMPX MRXS MX *SV
MRWXERGI [LIR E TSPMG] MW QSZIH XLI TVMSVMX] GLERKIW ERH EPP SJ XLI PSKMG MR XLI TSPMG] YWIH XS
IZEPYEXI XLI XVEJJMG MW QSZIH
-R 2IX7GEPIV ZIVWMSRW TVMSV XS ]SY LEH XS GVIEXI HMJJIVIRX TSPMG] PEFIPW XS WLEVI XLI WEQI
TMIGI SJ PSKMG JVSQ ZMVXYEP WIVZIVW ;MXL 2IX7GEPIV ZIVWMSR ERH PEXIV ]SY GER GVIEXI E WMRKPI
TSPMG] ERH VIYWI MX JSV XLI ZMVXYEP WIVZIVW
9RHIVWXERHMRK 4SPMG] 0EFIPW

% TSPMG] PEFIP MW E YWIVHIJMRIH FMRH TSMRX XS [LMGL TSPMGMIW EVI FSYRH 8LI TSPMG] PEFIP GSQQERH
EPPS[W ]SY XS PSKMGEPP] KVSYT TSPMGMIW ERH HIJMRI XLI SVHIV MR [LMGL XLI] EVI IZEPYEXIH 8LI TSPMG]
PEFIPW QYWX FI MRZSOIH XS IZEPYEXI XLI YWIVHIJMRIH TSPMG] FEROW
4SPMG] PEFIPW EVI MRZSOIH JVSQ SXLIV TSPMGMIW ;LIR E TSPMG] PEFIP MW MRZSOIH EPP XLI TSPMGMIW FSYRH
XS MX EVI IZEPYEXIH MR XLI SVHIV SJ TVMSVMX] ;LIR E TSPMG] MW QEXGLIH ERH XLI I\TVIWWMSR MW
IZEPYEXIH XS FI XVYI XLI ETTVSTVMEXI EGXMSR MW PSKKIH ERH XLI GSRXVSP MW VIXYVRIH XS XLI TSPMG] XLEX
MRZSOIH XLI TSPMG] PEFIP
8LI TSPMG] HIJMRIW XLI RI\X TSPMG] XS FI IZEPYEXIH YWMRK +S8S)\T SV XLI EGXMSR IRHW ERH KSIW XS
XLI RI\X TVMSVMX] TSPMG] SV XLI RI\X TSPMG] FERO 4SPMG] PEFIPW EVI WTIGMJMG XS GIVXEMR JIEXYVIW WYGL EW
XLI VI[VMXI ERH VIWTSRHIV JIEXYVIW
'SRJMKYVMRK 4SPMG] 0EFIPW

8LI JMKYVI MPPYWXVEXIW XLI GSQQERHW JSV EHHMRK TSPMG] PEFIPW MR XLI GSQQERHPMRI MRXIVJEGI
MRGPYHMRK XLI GSVVIGX W]RXE\ JSV EHHMRK E VI[VMXI TSPMG] PEFIP ERH VIWTSRHIV TSPMG] PEFIP JSV
VIWTSPPFP
7]WXIQW -RG
8VERWJSVQ
9WMRK 4EXXIVR 7IXW
4EXXIVR WIXW EVI JSYRH MR XLI %TT)\TIVX RSHI MR XLI 'SRJMKYVEXMSR 9XMPMX] 4EXXIVR WIXW EVI WMQMPEV
XS TSPMG] PEFIPW MR XLEX XLI] EPPS[ JSV VIYWI 7TIGMJMGEPP] XLI] EPPS[ ]SY XS KVSYT WMQMPEV
GSQTSRIRXW ERH VIYWI XLIQ JSV QYPXMTPI I\TVIWWMSRW EW SRI VIYWEFPI SFNIGX
4EXXIVR WIXW EPPS[ QYPXMTPI TEXXIVR GLIGOW MR E XVII SV WMQYPXERISYW GLIGOW 8LMW QIXLSH MW QSVI
IJJMGMIRX XLER QYPXMTPI WITEVEXI I\TVIWWMSRW [LMGL [SYPH LEZI XS FI IZEPYEXIH SRI EJXIV XLI SXLIV
6IWTSRHIV VI[VMXI ERH MRXIKVEXIH GEGLMRK EPP YWI TEXXIVR WIXW
%R I\EQTPI SJ E TEXXIVR WIX MR EGXMSR MW
LXXT6)5,)%()6wLSWXx '328%-27C%2=wLSWXCLIEHIVWx
-R XLMW I\EQTPI XLI LSWXCLIEHIVW MW E TEXXIVR WIX ERH GER GSRXEMR E PMWX SJ HSQEMRW
7]WXIQW -RG
8]TIGEWXMRK
8]TIGEWXMRK GSRZIVXW HEXE WXVIEQW XS RYQIVMG ERH SXLIV ZEPYIW ERH MW SRP] EZEMPEFPI [MXL XLI
EHZERGIH TSPMG] IRKMRI
8LI JSPPS[MRK PMWX HIWGVMFIW WSQI SJ XLI ZEPYIW JSV GSRXVSPPMRK X]TIGEWX VIWYPXW
X]TIGEWXCXI\XCX -RGPYHIW WXVYGXYVIH XI\X
X]TIGEWXCRYQCX -RGPYHIW E WXVMRK EW ER MRXIKIV ZEPYI
X]TIGEWXCLXXTCYVPCX 6IGSKRMÎW E WXVMRK EW E 960
X]TIGEWXCPMWXCXu
v 'LIGO XLI u
v HIPMQMXIV MR XLI UYIV] TEVX SJ XLI 960 ERH TYX IEGL
EVKYQIRX MR E PMWX
X]TIGEWXCXMQICX 6IGSKRMÎW XLI WXVMRK TVIWIRXIH EW E XMQI ZEPYI
8VERWJSVQ
6I[VMXI 6IWTSRHIV ERH 960
8VERWJSVQEXMSR
6I[VMXI 8LI VI[VMXI JIEXYVI QSHMJMIW XLI LIEHIV WIGXMSR SJ ER ,884 VIUYIWX
SV VIWTSRWI FYX RSX XLI HEXE WIGXMSR SV GLYROIH HEXE ,884
LIEHIVW GSRXVSP XLI FILEZMSV SJ XLI ;IF WIVZIV ERH FVS[WIV
,IEHIVW GSQQYRMGEXI XS XLI ;IF WIVZIV [LEX X]TI SJ FVS[WIV XLI
GPMIRX MW YWMRK WS XLEX XLI WIVZIV GER WIRH XLI ETTVSTVMEXI X]TI SJ
GSRXIRX ,IEHIVW GSRXVSP FVS[WIV GEGLMRK SJ WIVZIV GSRXIRX EPPS[
XVEGOMRK SJ YWIV WIWWMSRW ERH TIVYWIV GYWXSQMÊXMSR SJ GSRXIRX ERH
GER WYTTSVX PERKYEKI ERH GLEVEGXIVWIX RIKSXMEXMSRW 8LI HEXE
WIGXMSR SJ E VIUYIWX SV VIWTSRWI GSRXEMRW XLI MRJSVQEXMSR XS FI
XVERWQMXXIH 6IUYIWXW SJXIR HS RSX GSRXEMR E HEXE WIGXMSR -J E HEXE
WIGXMSR I\MWXW MR XLI VIUYIWX XLIR XLI VIUYIWX GSRXEMRW MRJSVQEXMSR
IRXIVIH MRXS E ;IF JSVQ -R VIWTSRWI XLI HEXE WIGXMSR GSRXEMRW XLI
XI\X ERH MQEKIW XLEX ETTIEV MR XLI FVS[WIV 8LI SRP] PMQMXEXMSR [MXL
VI[VMXI MW XLI MREFMPMX] XS LERHPI GLYROIH VIWTSRWIW [LMGL MW
LERHPIH [MXL 960 XVERWJSVQEXMSR -R EHHMXMSR XLI VI[VMXI JIEXYVI
GYVVIRXP] FYJJIVW XLI FSH] 8LIVIJSVI [LIR E 2IX7GEPIV W]WXIQ MW
GSRJMKYVIH XS FYJJIV VIWTSRWIW XLIVI MW E TIVJSVQERGI IJJIGX SZIV
QIKEF]XI FYJJIVW
6IWTSRHIV 8LI VIWTSRHIV JIEXYVI JYRGXMSRW PMOI ER EHZERGIH GSRXIRX JMPXIV ERH
KIRIVEXIW VIWTSRWIW JVSQ XLI 2IX7GEPIV W]WXIQ XS XLI GPMIRX 7SQI
GSQQSR YWIW SJ XLMW JIEXYVI EVI XLI KIRIVEXMSR SJ VIHMVIGX VIWTSRWIW
ERH GYWXSQ VIWTSRWIW SV VIWIXW 8LI VIWTSRHIV JIEXYVI HIEPW [MXL
SRP] XLI VIUYIWX WMHI SJ XLI 2IX7GEPIV W]WXIQ YRPMOI XLI GSRXIRX
JMPXIVMRK JIEXYVI [LMGL HIEPW [MXL VIUYIWXW FIJSVI XLI] EVI WIRX XS
XLI FEGOIRH WIVZIVW 8LI VIWTSRHIV MW XLI JMVWX QSHYPI SR XLI
W]WXIQ XS TVSGIWW GPMIRX VIUYIWXW 'YWXSQ VIWTSRWIW EVI WIX YT JSV
HMJJIVIRX X]TIW SJ VIUYIWXW YWMRK XLMW JIEXYVI 6IWTSRHIV TSPMGMIW EVI
GSRJMKYVIH XS PSSO JSV GIVXEMR X]TIW SJ HEXE MR XLI GPMIRX VIUYIWX ERH
XS XEOI ER EGXMSR FEWIH SR XLI HEXE -J E VIUYIWX QEXGLIW E
GSRJMKYVIH VIWTSRHIV TSPMG] XLIR XLI GSVVIWTSRHMRK EGXMSR
KIRIVEXIW XLI VIWTSRWI ERH WIRHW MX XS XLI GPMIRX 8LI VIWTSRWI SJXIR
GSRXEMRW WSQI TMIGIW SJ XLI VIUYIWX *SV I\EQTPI [LIR KIRIVEXMRK E
VIHMVIGX VIWTSRWI XLI MRGSQMRK 960 MW MRGPYHIH MR XLI VIWTSRWI
7]WXIQW -RG
960 8VERWJSVQEXMSR 960 XVERWJSVQEXMSR MHIRXMJMIW 960 TEXXIVRW MR ,810 TEKIW ERH
QSHMJMIW XLIQ XS E HMJJIVIRX JSVQ 8LI JIEXYVI GER XVERWPEXI 960W
JVSQ XLIMV I\XIVREP ETTIEVERGI XS E HMJJIVIRX ETTIEVERGI JSV MRXIVREP
VIWSYVGIW -X EPWS SJJIVW ER EFMPMX] XS LERHPI GLYROIH HEXE 960
XVERWJSVQEXMSR MW EQSRK XLI JMVWX 2IX7GEPIV W]WXIQ STIVEXMSRW -X
FIKMRW SR XLI VIUYIWX WMHI [MXL E TSPMG] IZEPYEXMSR8LI TSPMG] MW
IZEPYEXIH HYVMRK XLI VIUYIWX JSV XLI IRXMVI XVERWEGXMSR 8LI
2IX7GEPIV W]WXIQ GVIEXIW XLI XVERWJSVQIH MRXIVREP 960 JVSQ XLI
SVMKMREP I\XIVREP 960 ERH XLIR GLERKIW XLI VI[VMXMRK VIUYIWX
LIEHIVW EQSRK XLI PEWX 2IX7GEPIV W]WXIQ STIVEXMSRW 8LIR MX
VI[VMXIW XLI VIWTSRWI LIEHIVW ERH 960W MR XLI FSH] 'LYROIH
IRGSHMRK ERH GLEVEGXIV IRGSHMRK EVI FSXL TSWWMFPI [MXL 960
XVERWJSVQEXMSR 8LI JIEXYVI YWIW XLI %TTPMGEXMSR *MVI[EPP XS TEVWI
XLI FSH] WS XLI 2IX7GEPIV W]WXIQ GER VIZMI[ XLI VIUYIWX )ZIR MJ XLI
960 MW IRGSHIH 960 XVERWJSVQEXMSR GER QSHMJ] XLI 960
%TTPMGEXMSR *MVI[EPP HSIW RSX RIIH XS FI IREFPIH MR SVHIV JSV XLMW
JIEXYVI XS FI GSRJMKYVIH ERH [SVO 960 XVERWJSVQEXMSR PSSOW SRP]
JSV WTIGMJMG SFNIGXW SV X]TI SJ SFNIGXW 960 XVERWJSVQEXMSR EHHVIWWIW
WSQI SJ XLI PMQMXEXMSRW SJ VI[VMXI EW MX GER LERHPI GLEVEGXIV
IRGSHMRK 8LMW GLEVEGXIV IRGSHMRK WYGL EW [MXL 'LMRIWI ERH SXLIV
GLEVEGXIV WIXW GEYWIW TVSFPIQW [MXL VI[VMXI
-J 960 XVERWJSVQEXMSR ERH VI[VMXI EVI GSRJMKYVIH XS EGX
SR XLI WEQI TSVXMSR SJ HEXE XLIR XLI 2IX7GEPIV W]WXIQ
HSIW RSX TIVJSVQ ER] EGXMSRW SR XLEX HEXE
8VERWJSVQIH )PIQIRXW
&SXL VIPEXMZI ERH EFWSPYXI 960W EVI XVERWJSVQIH :EVMEFPIW WXEVX EX SRI JSV XLI XVERWJSVQEXMSR
TVSGIWW ERH PSKMG
)PIQIRXW XVERWJSVQIH HYVMRK XLI VIUYIWX MRGPYHI
y 1IXLSH LIEHIV JSV I\EQTPI +)8 ERH 4378
y ,SWX LIEHIV
y 6IJIVVIV LIEHIV
960 XVERWJSVQEXMSR HSIW RSX QSHMJ] XLI VIUYIWX FSH]
)PIQIRXW XVERWJSVQIH HYVMRK XLI VIWTSRWI MRGPYHI

y 0SGEXMSR LIEHIV
y 'SRXIRX0SGEXMSR LIEHIV
y 44 LIEHIV
8VERWJSVQ
y 7IX'SSOMI LIEHIV
y 960 EXXVMFYXIW YRHIV ,810 XEKW MR XLI FSH] WYGL EW LVIJ WVG ERH GSHIFEWI
2SR,810 GSRXIRX PMOI .EZE7GVMTX ERH '77 MW RSX XVERWJSVQIH
7]WXIQW -RG
-HIRXMJ]MRK 4EGOIX 4VSGIWWMRK *PS[
8LI JPS[ TVSGIWW FIKMRW [MXL XLI ,884 VIUYIWX FIMRK WIRX F] XLI GPMIRX 8LI 2IX7GEPIV W]WXIQ
VIGIMZIW XLI ,884 VIUYIWX ERH TIVJSVQW GSRJMKYVIH JYRGXMSRW 8LI TVSGIWW JPS[ ZEVMIW WPMKLXP]
FIX[IIR VI[VMXI VIWTSRHIV ERH 960 XVERWJSVQEXMSR
6I[VMXI 4VSGIWW
8LI JSPPS[MRK WXITW HIWGVMFI XLI VI[VMXI TVSGIWW

8LI GPMIRX FVS[WIV WIRHW E VIUYIWX XS XLI ;IF WIVZIV XLVSYKL XLI 2IX7GEPIV W]WXIQ
8LI 2IX7GEPIV W]WXIQ GLIGOW XLI VIUYIWX XMQI TSPMG] FERO JSV ETTPMGEFPI TSPMGMIW
8LI 2IX7GEPIV W]WXIQ FYMPHW E WIX SJ EGXMSRW XS ETTP] EJXIV IZEPYEXMRK XLI PMWX SJ TVMSVMXMÎH
TSPMGMIW
8LI 2IX7GEPIV W]WXIQ VI[VMXIW XLI VIUYIWX ERH JSV[EVHW MX XS XLI ;IF WIVZIV
8LI ;IF WIVZIV VIGIMZIW XLI VIUYIWX ERH WIRHW E VIWTSRWI
8LI 2IX7GEPIV W]WXIQ GLIGOW XLI VIWTSRWI XMQI TSPMG] FERO JSV ETTPMGEFPI TSPMGMIW
TSPMGMIW
8LI 2IX7GEPIV W]WXIQ VI[VMXIW XLI VIWTSRWI ERH JSV[EVHW MX XS XLI GPMIRX FVS[WIV
8VERWJSVQ
3RGI VI[VMXI VYPIW ERH TSPMGMIW EVI GSRJMKYVIH IREFPIH ERH FSYRH XS XLI TVSTIV TSPMG] FERO XLI
2IX7GEPIV W]WXIQ FIKMRW XS ETTP] XLSWI TSPMGMIW ;LIR XLI FVS[WIV SJ E YWIV WIRHW E VIUYIWX XS XLI
;IF WIVZIV XLI 2IX7GEPIV W]WXIQ GLIGOW XLI VIUYIWX XMQI TSPMG] FERO -J XLI 2IX7GEPIV W]WXIQ JMRHW
VI[VMXI TSPMGMIW XLI W]WXIQ IZEPYEXIW IEGL TSPMG] MR SVHIV SJ TVMSVMX] WXEVXMRK [MXL XLI PS[IWX
RYQFIV ERH TVSGIIHMRK XS XLI LMKLIWX RYQFIV
6IWTSRHIV 4VSGIWW
8LI JSPPS[MRK WXITW MPPYWXVEXI XLI VIWTSRHIV TVSGIWW

8LI 2IX7GEPIV W]WXIQ GLIGOW XLI VIUYIWX XMQI TSPMG] FERO JSV ETTPMGEFPI TSPMGMIW
TSPMGMIW
8LI 2IX7GEPIV W]WXIQ VIWTSRHW XS XLI GPMIRX VIUYIWX [MXL IMXLIV E VIHMVIGX SV E VIWTSRH[MXL
7]WXIQW -RG
960 8VERWJSVQEXMSR 4VSGIWW
8LI JSPPS[MRK WXITW HIWGVMFI XLI 960 XVERWJSVQEXMSR TVSGIWW

8LI TSPMG] MW IZEPYEXIH HYVMRK XLI VIUYIWX JSV XLI IRXMVI XVERWEGXMSR
8LI 2IX7GEPIV GVIEXIW XLI 8VERWJSVQIH-RXIVREP 960 JVSQ XLI SVMKMREPI\XIVREP SRI
8LI 2IX7GEPIV VI[VMXIW VIUYIWX LIEHIVW EQSRK XLI PEWX VIUYIWX STIVEXMSRW
8LI 2IX7GEPIV VIZIVXW VIWTSRWI LIEHIVW FEGO XS XLIMV SVMKMREP WXEXI EQSRK XLI JMVWX VIWTSRWI
STIVEXMSRW
8LI 2IX7GEPIV VIZIVXW 960W MR XLI TEKI FSH]
8VERWJSVQ
'SRJMKYVMRK 4SPMGMIW ERH %GXMSRW
6I[VMXI ERH VIWTSRHIV TSPMGMIW EVI GSRJMKYVIH YWMRK XLI %HZERGIH 4SPMG] )RKMRI 8LIWI TSPMGMIW
QYWX LEZI ER EGXMSR ERH E VYPI ERH QYWX FI FSYRH XS E FMRH TSMRX %JXIV XLI TSPMGMIW EVI FSYRH XS
E FMRH TSMRX XLI 2IX7GEPIV W]WXIQ TIVJSVQW VI[VMXI EGXMSRW
'SRJMKYVMRK 6I[VMXI SV 6IWTSRHIV 4SPMGMIW

9WI XLI JSPPS[MRK TVSGIHYVI XS GSRJMKYVI E VI[VMXI SV VIWTSRHIV EGXMSR ERH TSPMG]
(IJMRI ER EGXMSR XS FI TIVJSVQIH
'VIEXI E TSPMG]
(IJMRI XLI VYPI SV I\TVIWWMSR [LMGL HIXIVQMRIW [LIR XS ETTP] XLI EGXMSR
%XXEGL XLI EGXMSR JSV XLI SYXGSQI SJ XLI IZEPYEXMSR
&MRH XLI TSPMG] VYPI EGXMSR XS E FMRH TSMRX XS TIVJSVQ VI[VMXI
%XXEGL E TVMSVMX] XS IEGL TSPMG] [LMGL HIXIVQMRIW XLI WIUYIRGI SJ TSPMG] I\IGYXMSR
3TXMSREP 6IJIV XS XLI RI\X TSPMG] XS FI IZEPYEXIH YWMRK E KSXS I\TVIWWMSR
3TXMSREP -RZSOI E TSPMG] PEFIP
7]WXIQW -RG
'SRJMKYVMRK 6I[VMXI %GXMSRW
8LI 'SRJMKYVEXMSR 9XMPMX] TVSZMHIW ER MRXIVJEGI XLI %TT)\TIVX :MWYEP 4SPMG] )HMXSV XLEX MW IEW] XS
YWI XS FYMPH %HZERGIH 4SPMG] )RKMRI I\TVIWWMSRW 8LI GSQQERHPMRI MRXIVJEGI MW YWIJYP JSV JEWX
HITPS]QIRX SJ EGXMSRW LS[IZIV MX VIUYMVIW JEQMPMEVMX] [MXL XLI GSVVIGX W]RXE\ SJ XLI EHH
GSQQERHW
:MWMX XLI 'MXVM\ GSQQYRMX] ;IF WMXI EX LXXTGSQQYRMX]GMXVM\GSQETTI\TIVX JSV

MRJSVQEXMSR SR XLI %TT)\TIVX :MWYEP 4SPMG] )HMXSV
%GXMSRW GER FI HIJMRIH YWMRK XLI EHZERGIH I\TVIWWMSR W]RXE\ *SV I\EQTPI XLI JSPPS[MRK X[S
GSQQERHW EHH E VI[VMXI EGXMSR XS VITPEGI XLI 960 TEXL LSQILXQP YWMRK EHZERGIH W]RXE\
EHH VI[VMXI EGXMSR V[CEGXC7IRH8S,SQI

VITPEGI ,8846)59604%8, w@xLSQILXQP@xx
-RWIVXMRK ERH 6ITPEGMRK ,884 ,IEHIVW
8LI JMKYVI MPPYWXVEXIW EHHMRK ER -27)68C,884C,)%()6 VI[VMXI EGXMSR MR FSXL XLI 'SRJMKYVEXMSR
9XMPMX] ERH MR XLI GSQQERHPMRI MRXIVJEGI
,IEHIVW SJXIR RIIH XS FI MRWIVXIH MR XLI VIUYIWX SV VIWTSRWI MR SVHIV XS GSRXVSP XLI GPMIRX SV WIVZIV
FILEZMSV 7SQI SJ XLI FILEZMSVW SJ ,884 MRWIVXMSR EHHVIWWIW MRGPYHI
y 'SRXVSPPMRK GEGLI FILEZMSV
8VERWJSVQ
y %HHMRK GSSOMIW XS E VIUYIWX SV VIWTSRWI JSV XVEGOMRK TYVTSWIW
y -RWIVXMRK E GPMIRX -4 EHHVIWW MR E VIUYIWX JSV PSKKMRK TYVTSWIW
y %HHMRK GEGLIGSRXVSP TVEKQE ERH I\TMVIW LIEHIVW XS XLI VIWTSRWI
y (IPIXMRK GEGLIGSRXVSP TVEKQE ERH I\TMVIW LIEHIVW JVSQ XLI VIWTSRWI
(IPIXMRK ,884 ,IEHIVW
,884 LIEHIVW EVI KIRIVEPP] HIPIXIH JSV WIGYVMX] SV EVI HIPIXIH MR GSRNYRGXMSR [MXL LIEHIV MRWIVXMSR
XS SZIVVMHI E FILEZMSV 7SQI SJ XLI VIEWSRW JSV VIQSZMRK ER ,884 LIEHIV MRGPYHI
y 6IQSZMRK XLI WIVZIV LIEHIV MR XLI VIWTSRWI XS LMHI XLI X]TI SJ ;IF WIVZIV MR YWI
y 6IQSZMRK E GEGLI GSRXVSP LIEHIV MR E VIWTSRWI
y 4VIZIRXMRK ER EGXMSR SR XLI WIVZIV WYGL EW VIQSZMRK XLI EGGITXIRGSHMRK LIEHIV XS TVIZIRX
GSQTVIWWMSR
;LIR ]SY YWI XLI HIPIXICLXXTCLIEHIV EGXMSRW EPP LIEHIVW SJ XLI WEQI REQI EVI HIPIXIH
8LI JMKYVI MPPYWXVEXIW XLI TVSGIWW SJ EHHMRK E ()0)8)C,884C,)%()6 VI[VMXI EGXMSR MR FSXL XLI
'SRJMKYVEXMSR 9XMPMX] ERH MR XLI GSQQERHPMRI MRXIVJEGI
-RWIVXMRK ,884 ,IEHIVW

%HH ER -27)68C,884C,)%()6 VI[VMXI EGXMSR F] YWMRK XLI JSPPS[MRK GSQQERH MR XLI
EHH VI[VMXI EGXMSR EGXCMRWIVX -27)68C,884C,)%()6 'PMIRXCMT

u'0-)28-476'v
%HH E 6)40%') VI[VMXI EGXMSR F] YWMRK XLI JSPPS[MRK GSQQERH MR XLI GSQQERHPMRI MRXIVJEGI
7]WXIQW -RG
EHH VI[VMXI EGXMSR EGXCVITPEGI 6)40%') w,8846)59604%8,+)8 x
w@xGMXVM\@xx
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WTIGMJMIH WXVMRK 8LIWI EGXMSRW VITPEGI SV MRWIVX SR SRP] XLI JMVWX MRWXERGI SJ XLI LIEHIV [LIR XLI]
EVI ETTPMIH XS E LIEHIV ZEPYI
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y 8LI JMVWX I\EQTPI HIPIXIW E VI[VMXI EGXMSR
y 8LI WIGSRH I\EQTPI EHHW E VI[VMXI EGXMSR XS VITPEGI E LIEHIV
y 8LI XLMVH I\EQTPI EHHW E VI[VMXI EGXMSR XS MRWIVX FIJSVI E WTIGMJMIH 960 WXVMRK
y 8LI JSYVXL I\EQTPI EHHW E VI[VMXI EGXMSR XS MRWIVX EJXIV E WTIGMJMIH 960 WXVMRK
(IPIXMRK 6IUYIWX 'SRXIRX

8LI ()0)8) EGXMSR MW YWIH XS HIPIXI E ZEPYI GSRXEMRIH MR E 960 E UYIV] WXVMRK SV E ZEPYI
EWWSGMEXIH [MXL E LIEHIV 8LI ()0)8)C%00 ZEVMERX JMRHW QYPXMTPI QEXGLMRK ZEPYIW ERH HIPIXIW
XLIQ
8VERWJSVQ
8LI JMKYVI MPPYWXVEXIW EHHMRK E ()0)8) VI[VMXI EGXMSR MR FSXL XLI 'SRJMKYVEXMSR 9XMPMX] ERH MR XLI
4IVJSVQ E ()0)8) VI[VMXI EGXMSR YWMRK XLI JSPPS[MRK GSQQERH MR XLI GSQQERHPMRI MRXIVJEGI
EHH VI[VMXI EGXMSR EGXCHIPIXI ()0)8)

w,8846)5,)%()6@LSWX@ :%09)
6ITPEGMRK 6IWTSRWI 'SRXIRX

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IVVSV GLIGOMRK MW TIVJSVQIH SR XLI VIWTSRWI &IGEYWI SJ XLI TVSGIWWMRK JPS[ MRXIKVEXIH GEGLMRK ERH
%TTPMGEXMSR *MVI[EPP TVSGIWWMRK WXMPP SGGYV SR XLMW VIWTSRWI %PP KIRIVEXIH VIWTSRWIW [MPP FI *-2
XIVQMREXIH EYXSQEXMGEPP]
8LI JMKYVI MPPYWXVEXIW EHHMRK E 6)40%')C,884C6)7 VI[VMXI EGXMSR MR FSXL XLI 'SRJMKYVEXMSR
9XMPMX] ERH MR XLI GSQQERHPMRI MRXIVJEGI
4IVJSVQ E 6)40%')C,884C6)7 VI[VMXI EGXMSR YWMRK XLI JSPPS[MRK GSQQERH MR XLI GSQQERH
PMRI MRXIVJEGI
EHH VI[VMXI EGXMSR VIXV]CVIUYIWX

VITPEGICLXXTCVIW w@x,884
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LXXT[[[I\EQTPIGSQ@@V@@R@@V@@R@xx
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236);6-8) (SIW RSX TIVJSVQ VI[VMXI
7]WXIQW -RG
6)7)8 6IWIXW XLI GYVVIRX GPMIRX ERH WIVZIV GSRRIGXMSRW
9RHIJ%GXMSR -W YWIH MJ XLI I\TVIWWMSR IZEPYEXMSR VIWYPXW MR ER YRHIJMRIH WXEXI
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HSIW RSX LEZI E WTIGMJMIH 9RHIJ%GXMSR 236);6-8) ERH 6)7)8 EVI XLI SRP] ZEPMH EGXMSRW JSV
9RHIJ%GXMSRW
8VERWJSVQ
6I[VMXI 4SPMGMIW
6I[VMXI TSPMGMIW EVI GSRJMKYVIH MR XLI 'SRJMKYVEXMSR 9XMPMX] ERH MR XLI GSQQERHPMRI MRXIVJEGI
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y 6I[VMXI EGXMSR REQI
y 236);6-8)
y 6)7)8
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3RP] FSYRH TSPMGMIW VIWTSRH SV VI[VMXI SR XLI 2IX7GEPIV W]WXIQ &MRHMRK SGGYVW MR XLI
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RYQFIV MW MRXIVTVIXIH EW E LMKLIV TVMSVMX] *SV I\EQTPI E TVMSVMX] ZEPYI WIX XS MW E LMKLIV
TVMSVMX] XLER E TVMSVMX] ZEPYI WIX XS (YTPMGEXI TVMSVMXMIW EVI RSX EPPS[IH [MXLMR IEGL FMRH TSMRX
4SWWMFPI +SXS4VMSVMX])\TVIWWMSR ZEPYIW MRGPYHI
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2)<8 4VSGIIHW XS XLI RI\X TSPMG] MR XLI TVMSVMX] VEROMRK
7]WXIQW -RG
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X]TI MRHMGEXMRK XLI X]TI SJ KPSFEP FMRH TSMRX
8VERWJSVQ
6IWTSRHIV %GXMSRW
8LI EGXMSRW GVIEXIH EVI EWWSGMEXIH [MXL VIWTSRHIV TSPMGMIW [MXL XLI EHH VIWTSRHIV TSPMG] GSQQERH
8LI JSPPS[MRK EVKYQIRXW EVI MHIRXMJMIH [LIR EHHMRK E VIWTSRHIV EGXMSR
2EQI -HIRXMJMIW XLI REQI SJ XLI EGXMSR
8]TI -HIRXMJMIW XLI X]TI SJ EGXMSR
8EVKIX -HIRXMJMIW XLI GSRXIRX [MXL [LMGL XS VIWTSRH
6IHMVIGX %GXMSR
8LI VIWTSRHIV VIHMVIGX EGXMSR GVIEXIW E VIHMVIGX SR E TEVXMGYPEV IZIRX %JXIV TVSZMHMRK XLI 960 XS
VIHMVIGX XLI GPMIRX XLMW EGXMSR MW MRGPYHIH MR XLI PSGEXMSR LIEHIV SJ E VIHMVIGX
6IWTSRH;MXL
8LI JMKYVI MPPYWXVEXIW GSRJMKYVMRK E 6IWTSRH;MXL EGXMSR MR XLI 'SRJMKYVEXMSR 9XMPMX] ERH MR XLI
GSQQERHPMRI MRXIVJEGI 6IWTSRH;MXL EPPS[W JSV XLI GVIEXMSR SJ E JYPP] JSVQIH VIWTSRWI XS XLI
GPMIRX 6IWTSRH;MXL HSIW RSX TIVJSVQ IVVSV GLIGOMRK 8LMW QE\MQYQ PIRKXL SJ E VIWTSRWI
I\TVIWWMSR JSV XLI 6IWTSRH;MXL EGXMSR MW F]XIW 8LI 6IWTSRH;MXL EGXMSR VIUYMVIW TVSTIV PMRI
XIVQMREXMSR FIX[IIR XLI LIEHIVW -J TVSTIV PMRI XIVQMREXMSR MW RSX MRGPYHIH XLIR XLI EGXMSR MW RSX
TIVJSVQIH
7]WXIQW -RG
&YMPX-R 6IWTSRHIV %GXMSRW
8LI FYMPXMR VIWTSRHIV EGXMSRW MRGPYHI 2334 6)7)8 ERH 9RHIJ%GXMSR % 2334 EGXMSR HSIW RSX
WIRH E VIWTSRWI % 6)7)8 EGXMSR VIWIXW XLI GYVVIRX GPMIRX ERH WIVZIV GSRRIGXMSRW
%R 9RHIJ%GXMSR MW YWIH [LIR XLI I\TVIWWMSR IZEPYEXMSR VIWYPXW MR ER YRHIJMRIH WXEXI 9RHIJ%GXMSR
MW WTIGMJMIH TIV TSPMG] -J ER EGXMSR JSV 9RHIJ%GXMSR MW RSX WTIGMJMIH XLIR XLI KPSFEP 9RHIJ%GXMSR MW
ETTPMIH %W WLS[R MR XLI JMKYVI 2334 ERH 6)7)8 EVI XLI SRP] ZEPMH %GXMSRW
8VERWJSVQ
6IWTSRHIV 4SPMGMIW
6IWTSRHIV TSPMGMIW EVI GSRJMKYVIH MR XLI 'SRJMKYVEXMSR 9XMPMX] ERH MR XLI GSQQERHPMRI MRXIVJEGI
%W WLS[R MR XLI JMKYVI XLI JSPPS[MRK EVKYQIRXW EVI MHIRXMJMIH [LIR EHHMRK E VIWTSRHIV TSPMG]
6YPI )\TVIWWMSR YWIH F] XLI VIWTSRHIV TSPMG] XLEX VIXYVRW E &SSPIER

VIWYPX
%GXMSR 6IWTSRHIV EGXMSR REQI 2334 SV 6)7)8
9RHIJ%GXMSR 6IWTSRHIV EGXMSR XS FI XEOIR MR XLI GEWI SJ ER YRHIJMRIH IZIRX

HYVMRK TSPMG] IZEPYEXMSR [MXL ZEPYI SJ 236);6-8) SV 6)7)8
7]WXIQW -RG
'SRJMKYVMRK 960 8VERWJSVQEXMSR
8LI 960 8VERWJSVQEXMSR JIEXYVI MHIRXMJMIW 960 TEXXIVRW MR ,810 TEKIW ERH QSHMJMIW XLIQ XS E
HMJJIVIRX JSVQ F] XVERWPEXMRK 960W JVSQ XLIMV I\XIVREP TYFPMG ETTIEVERGI XS ER MRXIVREP LMHHIR
VIWSYVGI 8LMW JIEXYVI WMQTPMJMIW XLI I\XIVREP ETTIEVERGI SJ ;IF WMXIW LMHIW FEGOIRH ETTPMGEXMSRW
ERH EVGLMXIGXYVI ERH EPPS[W MRJVEWXVYGXYVI GLERKIW [MXLSYX MQTEGXMRK XLI YWIV I\TIVMIRGI -X EPWS
VIHMVIGXW PMROW XS XLMVHTEVX] WIVZMGI TVSZMHIVW ERH VIHYGIW XLI RYQFIV SJ FVSOIR PMROW
8S TPER JSV 960 XVERWJSVQEXMSR MHIRXMJ] XLI XVERWJSVQIH IPIQIRXW
y 960 XVERWJSVQEXMSR TSPMG] ;LIR XS TIVJSVQ XVERWJSVQEXMSR
y 960 XVERWJSVQEXMSR TVSJMPI ;LIVI XS JMRH 960W ERH EGXMSRW
y 960 XVERWJSVQEXMSR EGXMSR ,S[ XS XVERWJSVQ ERH [LEX XS HS
960 8VERWJSVQEXMSR 'SRJMKYVEXMSR 4VSGIHYVI

8S GSRJMKYVI 960 XVERWJSVQEXMSR
:IVMJ] XLI 6I[VMXI JIEXYVI MW IREFPIH
'VIEXI E 960 XVERWJSVQEXMSR TVSJMPI
%HH EGXMSRW XS XLI TVSJMPI
'VIEXI E 960 XVERWJSVQEXMSR TSPMG]
&MRH XLI TSPMG]

8LI 960 8VERWJSVQEXMSR EGXMSR JMIPHW ERH XLI ZEVMEFPIW XLEX GER FI YWIH MRGPYHI

8LI VIUYIWX ERH VIWTSRWI JVSQ JMIPHW
y 'SRXEMR 4'6) I\TVIWWMSRW XS QEXGL 960W
y 9T XS JMZI FEGOVIJIVIRGIW [MPHGEVHW
;LIR GSRJMKYVMRK XLI VIUYIWX MRXS ERH VIWTSRWI MRXS JMIPH ]SY GER
y 9WI XLI XI\X JMIPH [MXL HSPPEV WMKR EW WTIGMEP GLEVEGXIV XS EGGIWW [MPHGEVH HEXE F] MXW RYQFIV
y 9WI JSV E PMXIVEP HSPPEV GLEVEGXIV
'SSOMI HSQEMR MRXS JMIPH MW E XI\X JMIPH =SY GER YWI HSPPEV WMKR EW E WTIGMEP GLEVEGXIV XS EGGIWW
[MPHGEVH HEXE MR XLI 6IWTSRWI 960 *VSQ JMIPH
8VERWJSVQ
-X MW TSWWMFPI XS XVERWJSVQ SRP] XLI VIUYIWX SV XLI VIWTSRWI WMHI SJ E XVERWEGXMSR
8VSYFPIWLSSXMRK 960 8VERWJSVQEXMSR

=SY GER IREFPI XLI HIFYK PSKW JSV 960 XVERWJSVQEXMSR XS EWWMWX MR XVSYFPIWLSSXMRK MWWYIW [MXL XLI
JIEXYVI GSRJMKYVEXMSR
=SY GER YWI XLI JSPPS[MRK XSSPW XS XVSYFPIWLSSX 960 XVERWJSVQEXMSR
y (IFYK PSK QIWWEKIW
y 1IQSV] WXEXMWXMGW JSV 960 XVERWJSVQEXMSR YWMRK RWGSRQWK
7]WXIQW -RG
6IZMI[ 5YIWXMSRW
;LEX EVI ZEPMH VIEWSRW JSV VIQSZMRK ER ,884 LIEHIV#
E 6IQSZMRK XLI WIVZIV LIEHIV MR XLI VIWTSRWI XS LMHI XLI X]TI SJ [IF WIVZIV MR YWI
F 6IQSZMRK E GEGLI GSRXVSP LIEHIV MR E VIWTSRWI
G 6IQSZMRK XLI WIVZIV LIEHIV MR XLI VIWTSRWI XS WLS[ XLI GPMIRX XLI X]TI SJ [IF WIVZIV
MR YWI
H 4VIZIRXMRK ER EGXMSR SR XLI WIVZIV WYGL EW VIQSZMRK XLI EGGITXIRGSHMRK LIEHIV XS
TVIZIRX GSQTVIWWMSR
;LMGL HIWGVMTXMSR FIWX HIWGVMFIW XLI KPSFEPP] FSYRH TSPMG] X]TI SJ 6IWTSRWI (IJEYPX#
E 4SPMGMIW FSYRH XS XLMW FMRH TSMRX GSRWXMXYXI XLI HIJEYPX VIUYIWX TVSGIWWMRK FILEZMSV
F 4SPMGMIW FSYRH XS XLMW FMRH TSMRX EVI SRP] IZEPYEXIH JSV VIWTSRWIW
G 4SPMGMIW FSYRH XS XLMW FMRH TSMRX GSRWXMXYXI XLI HIJEYPX VIWTSRWI TVSGIWWMRK FILEZMSV
H 4SPMGMIW FSYRH XS XLMW FMRH TSMRX EVI SRP] IZEPYEXIH JSV VIUYIWXW
;LEX MRJSVQEXMSR GSQTPIXIW XLI JSPPS[MRK WIRXIRGI 8[S QENSV HMJJIVIRGIW FIX[IIR XLI 960
XVERWJSVQEXMSR JIEXYVI ERH XLI VI[VMXI JIEXYVI MW XLEX CCCCCCCCCC ERH CCCCCCCCCC 'LSSWI
X[S
E 6I[VMXI GER LERHPI GLYROIH HEXE
F 6I[VMXI GER LERHPI GLEVEGXIV IRGSHMRK
G 960 XVERWJSVQEXMSR GER LERHPI GLYROIH HEXE
H 960 XVERWJSVQEXMSR GER LERHPI GLEVEGXIV IRGSHMRK
8VERWJSVQ
1SHYPI
9WMRK %TT)\TIVX JSV

'SRXIRX 7[MXGLMRK
3ZIVZMI[
'SRXIRX W[MXGLMRK EPPS[W XLI 2IX7GEPIV W]WXIQ XS HMVIGX XVEJJMG XS WIVZIVW FEWIH SR XLI GSRXIRX XLEX
XLI YWIV MW EXXIQTXMRK XS EGGIWW 'SRXIRX W[MXGLMRK MRZSPZIW GSRJMKYVMRK
y 0SEHFEPERGMRK WIVZIVW
y 7IVZMGIW
y :MVXYEP WIVZIVW
y 'SRXIRXW[MXGLMRK TSPMGMIW
3FNIGXMZIW
y (IWGVMFI GSRXIRX W[MXGLMRK ERH XLI GSRJMKYVEXMSR TVSGIWW
y (IWMKR GSRXIRXW[MXGLMRK TSPMGMIW
y (IWGVMFI VYPI TVIGIHIRGI MR GSRXIRX W[MXGLMRK
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 9WMRK %TT)\TIVX JSV 'SRXIRX 7[MXGLMRK
-RXVSHYGXMSR XS 'SRXIRX 7[MXGLMRK
'SRXIRX W[MXGLMRK EPPS[W ,884 ERH ,8847 XVEJJMG VIUYIWXW XS FI MRXIVGITXIH ERH W[MXGLIH MR E
QIXLSH XLEX MW XVERWTEVIRX XS XLI GPMIRX % 2IX7GEPIV W]WXIQ GER W[MXGL WXEXMG ERH H]REQMG GSRXIRX
'SRXIRX W[MXGLMRK TVSZMHIW XLI EFMPMX] XS HMVIGX XVEJJMG ERH GPMIRX VIUYIWXW XS FEGOIRH WIVZMGIW
FEWIH SR ER EWTIGX SJ XLI VIUYIWX FI]SRH XLI -4TSVX TEMV 'SRXIRX W[MXGLMRK EPPS[W XLI HIWMKR SJ E
GSQTPI\ MRXIVREP W]WXIQ XS ETTIEV XS XLI TYFPMG FILMRH E WMRKPI -4 EHHVIWW %W GPMIRXW GSRRIGX XS
ERH VIUYIWX HEXE JVSQ E WMRKPI EHHVIWW XLI 2IX7GEPIV W]WXIQ I\EQMRIW XLI X]TI SJ GSRRIGXMSR ERH
WIRHW MX XS XLI ETTVSTVMEXI FEGOIRH WIVZMGI
8LI 2IX7GEPIV W]WXIQ HMZIVXW XLI ETTPMGEXMSR VIUYIWXW XVERWTEVIRXP] XS XLI GPMIRX ERH XLI ETTPMGEXMSR
EPPS[MRK XLI ETTPMGEXMSR XS FI QEREKIH WITEVEXIP] JVSQ XLI LSWXMRK WMXI
;LIR W[MXGLMRK FSXL WXEXMG ERH H]REQMG VIUYIWXW ]SY QYWX GSRJMKYVI SRI PSEHFEPERGMRK
ZMVXYEP WIVZIV JSV WXEXMG VIUYIWXW ERH E WITEVEXI PSEHFEPERGMRK ZMVXYEP WIVZIV JSV H]REQMG
VIUYIWXW
'SRXIRX 7[MXGLMRK &EWIH SR 0E]IV 'LEVEGXIVMWXMGW

8LI 2IX7GEPIV W]WXIQ GER EPWS TIVJSVQ 8'4 GSRXIRX W[MXGLMRK FEWIH SR ZEVMSYW GLEVEGXIVMWXMGW
WYGL EW
y 0E]IV GLEVEGXIVMWXMGW MRGPYHMRK
y 7SYVGI -4 EHHVIWW
y 0E]IV GLEVEGXIVMWXMGW MRGPYHMRK
y 8'4 TSVX
y 8'4 QE\MQYQ WIKQIRX WMÎ 177 ZEPYI
y &YJJIVIH 8'4 TE]PSEH
-J XLI GSRXIRXW[MXGLMRK TSPMG] YWIW FYJJIVIH 8'4 TE]PSEH XLI GSRRIGXMSR QE] WXST
VIWTSRHMRK MJ XLI GPMIRX FPSGOW XLI VIWTSRWI SJ XLI WIVZIV ERH XLI 2IX7GEPIV W]WXIQ FYJJIVW
XLI HEXE
8LI GSQQERH W]RXE\ JSV 8'4 GSRXIRX W[MXGLMRK MW XLI WEQI EW ,884 GSRXIRX W[MXGLMRK 0E]IV
FEWIH ERH PE]IV FEWIH GSRXIRX W[MXGLMRK GER FI GSRJMKYVIH YWMRK GPEWWMG TSPMGMIW
9RHIVWXERHMRK 'SRXIRX 7[MXGLMRK

% X]TMGEP GSRXIRXW[MXGLMRK GSRJMKYVEXMSR GSRWMWXW SJ E GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV GSRXIRX
W[MXGLMRK TSPMGMIW ERH PSEHFEPERGMRK ZMVXYEP WIVZIVW 'SRXIRX W[MXGLMRK MW ETTPMGEFPI XS ,884
,8847 ERH 8'4 XVEJJMG
1SHYPI 9WMRK %TT)\TIVX JSV 'SRXIRX 7[MXGLMRK 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
770 SJJPSEHMRK RIIHW XS FI IREFPIH JSV ,8847 XVEJJMG
;LIR VIUYIWXW VIEGL XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV XLI 2IX7GEPIV W]WXIQ ETTPMIW XLI GSRXIRX
W[MXGLMRK TSPMGMIW XS XLIQ 8LI VIUYIWXW EVI XLIR VSYXIH XS XLI ETTVSTVMEXI PSEHFEPERGMRK ZMVXYEP
WIVZIVW FSYRH XS XLI TSPMGMIW 8LI PSEHFEPERGMRK ZMVXYEP WIVZIVW XLIR WIRH XLIQ XS XLI WIVZMGIW
8LI GSRXIRXW[MXGLMRK JIEXYVI EPPS[W XLI 2IX7GEPIV W]WXIQ XS VITPEGI ETTPMGEXMSR PSKMG JSV HMVIGXMRK
XVEJJMG XS WIVZIVW 'SRXIRXW[MXGLMRK ZMVXYEP WIVZIVW GER WIRH GPMIRX VIUYIWXW SRP] XS SXLIV ZMVXYEP
WIVZIVW 8LI JMKYVI WLS[W XLI VIPEXMSRWLMT FIX[IIR PSEHFEPERGMRK ZMVXYEP WIVZIVW ERH GSRXIRX
W[MXGLMRK ZMVXYEP WIVZIVW
'SRXIRX7[MXGLMRK :MVXYEP 7IVZIVW ERH 0SEH&EPERGMRK

:MVXYEP 7IVZIVW
% GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV MW HMJJIVIRX JVSQ E PSEHFEPERGMRK ZMVXYEP WIVZIV MR XLI JSPPS[MRK
[E]W
y 8LI GSRXIRXW[MXGLMRK JIEXYVI GER FI GSRJMKYVIH YWMRK GPEWWMG SV EHZERGIH TSPMGMIW FYX RSX
FSXL
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GERRSX FI FSYRH XS XLI WEQI ZMVXYEP WIVZIV
y 8LI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV HSIW RSX HMVIGXP] EHHVIWW WIVZMGIW MX TSMRXW XS PSEH
FEPERGMRK ZMVXYEP WIVZIVW 8LI PSEHFEPERGMRK ZMVXYEP WIVZIVW EWWSGMEXI XLI XVEJJMG [MXL VIEP
WIVZMGIW ERH WIVZIVW
y 8LI TVSGIWW SJ HMWXVMFYXMRK XVEJJMG EQSRK XLI EWWSGMEXIH PSEHFEPERGMRK ZMVXYEP WIVZIVW MW
HIXIVQMRIH F] XLI GSRXIRXW[MXGLMRK TSPMG] 3R E PSEHFEPERGMRK ZMVXYEP WIVZIV XLMW HIGMWMSR MW
QEHI F] XLI GLSWIR PSEHFEPERGMRK QIXLSH
y -J XLI XVEJJMG HSIW RSX QEXGL ER] GSRXIRXW[MXGLMRK TSPMG] XLIR XLI ZMVXYEP WIVZIV WIRHW XLI
XVEJJMG XS E HIJEYPX PSEHFEPERGMRK ZMVXYEP WIVZIV MJ SRI MW HIJMRIH
y -J RS HIJEYPX WIVZIV MW HIJMRIH SR XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV XLI RSR

QEXGLIH XVEJJMG MW HVSTTIH
y 8LI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV QYWX TIVJSVQ 770 SJJPSEH MJ XLI GPMIRX MW YWMRK
770
'SRJMKYVMRK 'SRXIRX7[MXGLMRK :MVXYEP
7IVZIVW
%R IWWIRXMEP TEVX SJ GSRJMKYVMRK GSRXIRX W[MXGLMRK MW GVIEXMRK GSRXIRXW[MXGLMRK ZMVXYEP WIVZIVW

'SRXIRX W[MXGLMRK MW EZEMPEFPI JSV
y ,884 XVEJJMG
y ,8847 XVEJJMG
y 7SQI 8'4 XVEJJMG
:MVXYEP 7IVZIV 'SRJMKYVEXMSR

8LI JMKYVI MPPYWXVEXIW GSRJMKYVMRK E GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV MW ZIV] WMQMPEV XS GSRJMKYVMRK E
PSEHFEPERGMRK ZMVXYEP WIVZIV
'SRJMKYVI E GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV F] HIJMRMRK E WIVZMGI I\XIVREP -4 EHHVIWW ERH E TSVX
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 'SRXIRX 7[MXGLMRK " :MVXYEP 7IVZIVW RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
EHH GW ZWIVZIV REQI WIVZMGI8]TI -4%HHVIWW TSVX
*SV I\EQTPI
EHH GW ZWIVZIV GWCLXXT LXXT
'SRXIRX7[MXGLMRK 4SPMGMIW
=SY RIIH XS GSRWMHIV WIZIVEP JEGXSVW [LIR GVIEXMRK GSRXIRXW[MXGLMRK TSPMGMIW MRGPYHMRK [LIXLIV E
TSPMG] MW GSRJMKYVIH EW 960FEWIH SV VYPIFEWIH ERH LS[ YRQEXGLIH XVEJJMG MW LERHPIH
*SV 960FEWIH TSPMGMIW WIVZIV WIPIGXMSR MW FEWIH SR QEXGLMRK XLI MRGSQMRK 960 [MXL XLI
GSRJMKYVIH 960W -R XLMW QSHI XLI GSRXIRX W[MXGL VIXYVRW XLI QSWX ETTVSTVMEXI 960FEWIH GSRXIRX
KVSYT YWYEPP] XLI PSRKIWX QEXGLMRK GSRJMKYVIH 960 EQSRK XLI GSRJMKYVIH 960W
6YPIFEWIH TSPMGMIW GER FI GSRJMKYVIH MR XLI W]WXIQ WS XLEX XLI GSRXIRX KVSYT MW WIPIGXIH [MXL XLI
JMVWX QEXGLMRK VYPI MR XLI GSRJMKYVIH SVHIV 2S WTIGMJMG TVIGIHIRGI MW WIX MR GEWI SJ QYPXMTPI
QEXGLMRK VYPIW 4VIGIHIRGI MW FEWIH SRP] SR XLI GSRJMKYVIH SVHIV XLI VYPI XLEX [EW GSRJMKYVIH JMVWX
[MPP FI ETTPMIH JMVWX XLI VYPI XLEX [EW GSRJMKYVIH WIGSRH [MPP FI ETTPMIH RI\X ERH WS SR
960FEWIH TSPMGMIW LEZI TVMSVMX] SZIV VYPIFEWIH TSPMGMIW
&MRHMRK 'SRXIRX7[MXGLMRK 4SPMGMIW

3RGI XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIVW ERH GSRXIRXW[MXGLMRK TSPMGMIW EVI GVIEXIH ]SY QYWX
FMRH XLI GSRXIRXW[MXGLMRK TSPMG] XS XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV (YVMRK XLI FMRHMRK
TVSGIWW ]SY WLSYPH WTIGMJ] XLI TSPMG] XS FI QEXGLIH 8LI GSRXIRXW[MXGLMRK TVSGIWW [MPP RSX [SVO
TVSTIVP] YRXMP XLI TSPMG] XS FI QEXGLIH MW WTIGMJMIH
&MRH E GSRXIRXW[MXGLMRK TSPMG] F] HIJMRMRK E WIVZMGI I\XIVREP -4 EHHVIWW ERH E TSVX
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 'SRXIRX 7[MXGLMRK " :MVXYEP 7IVZIVW RSHI
PSGEXMSR
'SQQERHPMRI W]RXE\
FMRH GW ZWIVZIV REQI XEVKIX:WIVZIV
TSPMG]2EQI WXVMRK
% TSPMG] HSIW RSX RIIH XS FI WTIGMJMIH HYVMRK E FMRH STIVEXMSR -J E TSPMG] MW RSX WTIGMJMIH
E HIJEYPX TSPMG] MW FSYRH XS XLI ZMVXYEP WIVZIV HYVMRK XLI FMRH STIVEXMSR
FMRH GW ZWIVZIV REQI XEVKIX:WIVZIV
6YPI&EWIH 4SPMG] )\EQTPI
8LI JSPPS[MRK GSQQERHPMRI MRXIVJEGI GSQQERHW GVIEXI X[S VYPIFEWIH GSRXIRXW[MXGLMRK TSPMGMIW
EHH GW TSPMG] QEXGLCFMKCFEHCSVCPSRK VYPI FMKCFEHCSVCPSRK
EHH GW TSPMG] LXQPC[CGSSOMI

VYPI wEGGITXWCLXQP
LEWCGSSOMICLIEHIVx
8LI JMVWX GSQQERH HIJMRIW E TSPMG] EW QEXGLMRK E VYPI XLEX MW E GSQTSYRH I\TVIWWMSR 8LI zVYPI
TEVEQIXIV PMROW ER I\TVIWWMSR XS XLI TSPMG] 8LI WIGSRH GSQQERH GVIEXIW E TSPMG] FEWIH SR E
GSQTSYRH I\TVIWWMSR XLEX MW HIJMRIH EW TEVX SJ XLI TSPMG] WXEXIQIRX 8LI IJJIGX SJ XLI X[S TSPMGMIW
MW XS HIJMRI X[S HMJJIVIRX X]TIW SJ XVEJJMG SRI [MXL GLEVEGXIVMWXMGW SJ QEPJSVQIH 960W ERH XLI SXLIV
[MXL E GPEWWMJMGEXMSR SJ FVS[WIVW [MXL E WTIGMJMG GSSOMI TVIWIRX
8LI JSPPS[MRK GSQQERHPMRI MRXIVJEGI GSQQERHW FMRH XLI TSPMGMIW XS XLI GSRXIRXW[MXGLMRK ZMVXYEP
WIVZIV
FMRH GW ZWIVZIV GW[ZMT LSRI]TSXCPFZMT

TSPMG] QEXGLCFMKCFEHCSVCPSRK
FMRH GW ZWIVZIV GW[ZMT RSVQEPCPFZMT TSPMG] LXQPC[CGSSOMI
FMRH GW ZWIVZIV GW[ZMT HIJEYPXCPFZMT
8LI GSRXIRX W[MXGLMRK WIVZIV MW FSYRH XS XLIWI TSPMGMIW WS XLEX XLI TSXIRXMEPP] QEPMGMSYW XVEJJMG MW
HMVIGXIH XS E LSRI]TSX WIVZIV E WIVZIV HIWMKRIH XS EGGITX ERH EREP]Î LSWXMPI XVEJJMG [MXLSYX
I\TSWMRK ZEPYEFPI VIWSYVGIW 8LI GSSOMIIREFPIH FVS[WIVW EVI HMVIGXIH XS XLI I\MWXMRK GYWXSQIV
WMXI ERH EPP SXLIV XVEJJMG MW HMVIGXIH XS E HIJEYPX WIVZIV
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXLSYX 4VMSVMX]

7TIGMJMIH
% VYPI TVIGIHIRGI SJXIR JSPPS[W XLI SVHIV MR [LMGL XLI VYPIW EVI GSRJMKYVIH -J RS TVMSVMX] MW YWIH
[LIR FMRHMRK XLI TSPMG] XLI TSPMG] MW EWWMKRIH E TVMSVMX] SJ QEOMRK MX XLI LMKLIWX TVMSVMX] -J
XLIVI MW QSVI XLER SRI TSPMG] [MXL XLI WEQI TVMSVMX] XLI] EVI IZEPYEXIH MR XLI SVHIV XLEX XLI] EVI
GVIEXIH
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CE
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CF
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CG
)ZEPYEXMSR SVHIV GWCTSPMG]CE " GWCTSPMG]CF " GWCTSPMG]CG
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXL 4VMSVMX] 7TIGMJMIH
8LI zTVMSVMX] TEVEQIXIV GER FI GSRJMKYVIH [LIR XLI VYPI MW FSYRH XS XLI ZMVXYEP WIVZIV YWMRK E
TSPMG] -J E TVMSVMX] MW TVSZMHIH XLI VYPIW EVI TVSGIWWIH JVSQ PS[IWX TVMSVMX] ZEPYI XS LMKLIWX EW
WLS[R MR XLI JSPPS[MRK I\EQTPI
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CE TVMSVMX]
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CF TVMSVMX]
FMRH GW ZWIVZIV GW[ZMT PFZMT TSPMG] GWCTSPMG]CG TVMSVMX]
)ZEPYEXMSR SVHIV GWCTSPMG]CE " GWCTSPMG]CG " GWCTSPMG]CF
9RQEXGLIH 8VEJJMG ,ERHPMRK

-J E HIJEYPX KVSYT MW GSRJMKYVIH JSV XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV XLIR XLI VIUYIWX MW
JSV[EVHIH XS XLI GSRJMKYVIH HIJEYPX KVSYT -J XLI GSRJMKYVIH HIJEYPX KVSYT MW HS[R SV RS HIJEYPX
KVSYT MW GSRJMKYVIH ER ,884 2SX *SYRH IVVSV QIWWEKI MW WIRX XS XLI GPMIRX
6IZMI[
8VYI SV *EPWI ;LIR W[MXGLMRK GSRXIRX XS HMJJIVIRX WIVZIVW ]SY SRP] RIIH XS GSRJMKYVI SRI
PSEHFEPERGMRK ZMVXYEP WIVZIV JSV FSXL X]TIW SJ VIUYIWXW
E 8VYI
F *EPWI
'SRXIRX W[MXGLMRK JSV ,8847 XVERWEGXMSRW VIUYMVIW XLEX CCCCCCCCCCCCCCCC ERH
CCCCCCCCCCCCCCCC 'LSSWI X[S
E 770 SJJPSEHMRK FI IREFPIH
F 770 SJJPSEHMRK FI HMWEFPIH
G 770 XVERWEGXMSRW EVI RSX W[MXGLIH MR E QIXLSH XLEX MW XVERWTEVIRX XS XLI GPMIRX
H XLI XVEJJMG X]TI SJ XLI GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV FI WIX XS 770
;LMGL WXEXIQIRX GSRGIVRMRK LS[ E GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV HMJJIVW JVSQ E PSEH
FEPERGMRK ZMVXYEP WIVZIV MW XVYI#
E % GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV MW EZEMPEFPI SRP] JSV ,884,8847 XVEJJMG ERH MW RSX
MQTPIQIRXIH JSV ER] SXLIV TVSXSGSP
F -J XLI XVEJJMG HSIW RSX QEXGL ER] GSRXIRXW[MXGLMRK TSPMG] XLI ZMVXYEP WIVZIV [MPP WIRH
XLI XVEJJMG XS E HIJEYPX PSEHFEPERGMRK WIVZIV MJ SRI MW HIJMRIH
G % GSRXIRXW[MXGLMRK WIVZIV VIJIVIRGIW EGXYEP WIVZMGIW
H % GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV GER FI GSRJMKYVIH YWMRK FSXL GPEWWMG ERH EHZERGIH
TSPMGMIW
1SHYPI
9WMRK %TT)\TIVX
%HZERGIH XS 3TXMQMÎ
8VEJJMG
3ZIVZMI[
%TT)\TIVX EHZERGIH MW YWIJYP JSV STXMQM^MRK XVEJJMG [MXL JIEXYVIW WYGL EW GSQTVIWWMSR MRXIKVEXIH
GEGLMRK ERH TSPMG]FEWIH VSYXMRK
3FNIGXMZIW
y 'SRJMKYVI XLI 2IX7GEPIV W]WXIQ XS STXMQMÎ ;IF XVEJJMG F]
y -QTPIQIRXMRK GSQTVIWWMSR I\EQTPIW [MXL EHZERGIH TSPMGMIW
y 'EGLMRK JVIUYIRXP] WIVZIH ;IF GSRXIRX XS VIPMIZI WIVZIVW ERH VIHYGI VIWTSRWI XMQI
y 6SYXMRK XVEJJMG FEWIH SR WTIGMJMG TEVEQIXIVW
y 9WI ETTPMGEXMSR XIQTPEXIW XS STXMQMÎ ;IF XVEJJMG JVSQ WTIGMJMG ETTPMGEXMSRW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 9WMRK %TT)\TIVX %HZERGIH XS 3TXMQMÎ 8VEJJMG
'SQTVIWWMSR [MXL %HZERGIH 4SPMG]
)\TVIWWMSRW
%HZERGIH TSPMGMIW
y 7YTTSVX VMGLIV I\TVIWWMSRW
y 'ER FI YWIH XS MRWTIGX XLI ,884 FSH]
y 'ER IMXLIV FI FSYRH KPSFEPP] SV XS ,884,8847 PSEHFEPERGMRK SV GSRXIRXW[MXGLMRK ZMVXYEP
WIVZIVW
7YTTSVX JSV %HZERGIH 4SPMGIW MR ,884 'SQTVIWWMSR

7YTTSVX JSV EHZERGIH TSPMGMIW MR ,884 GSQTVIWWMSR MRGPYHIW
y %PP GSQTVIWWMSR TSPMGMIW FSYRH XS E PSEHFEPERGMRK SV GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV WLSYPH
SRP] FI SJ SRI X]TI GPEWWMG SV EHZERGIH
y 'SQTVIWWMSR TSPMG] EGXMSRW EVI I\IGYXIH EX VIWTSRWI XMQI
y % GSRXIRXW[MXGLMRK ZMVXYEP WIVZIV XLEX YWIW EHZERGIH TSPMGMIW JSV GSRXIRX W[MXGLMRK GER LEZI
GPEWWMG GSQTVIWWMSR TSPMGMIW
-J ER EHZERGIH GSQTVIWWMSR TSPMG] QEXGLIW EX VIUYIWX XMQI
y 6IWTSRWIXMQI EHZERGIH GSQTVIWWMSR TSPMG] IZEPYEXMSR MW WOMTTIH
y 8LI GSQTVIWWMSR EGXMSR GSVVIWTSRHMRK XS XLI TSPMG] XLEX QEXGLIH EX VIUYIWX XMQI MW I\IGYXIH EX
VIWTSRWI XMQI
7IXXMRK 'SQTVIWWMSR 4SPMGMIW +PSFEPP]

)MXLIV XLI GPEWWMG SV EHZERGIH GSQTVIWWMSR KPSFEP TSPMG] WIX GER FI YWIH JSV GSQTVIWWMSR TSPMG]
IZEPYEXMSR JSV IRXMXMIW
y ,884,8847 PSEHFEPERGMRK SV GSRXIRXW[MXGLMRK ZMVXYEP WIVZIVW [MXL RS GSQTVIWWMSR TSPMGMIW
FSYRH
y 8VERWTEVIRX ,884,8847 WIVZMGIW
'SRXVSP XLI WIPIGXMSR YWMRK XLI 2IX7GEPIV GSQQERHPMRI MRXIVJEGI GSQQERH
WIX GQT TEVEQIXIV zTSPMG]8]TI '0%77-' ` %(:%2')(
:MVXYEP WIVZIVW XLEX LEZI RS GSQTVIWWMSR TSPMGMIW FSYRH YWI XLI KPSFEPP] FSYRH GPEWWMG GSQTVIWWMSR
TSPMGMIW F] HIJEYPX 8LMW FILEZMSV MW XLI WEQI FILEZMSV EW 2IX7GEPIV ZIVWMSRW TVMSV XS
1SHYPI 9WMRK %TT)\TIVX %HZERGIH XS 3TXMQMÎ 8VEJJMG 'ST]VMKLX 'MXVM\ 7]WXIQW -RG
'PEWWMG GSQTVIWWMSR TSPMGIW [MPP RSX FI GSRZIVXIH XS XLIMV EHZERGIH IUYMZEPIRXW HYVMRK ER
YTKVEHI 8LI] WLSYPH FI QERYEPP] GSRZIVXIH EJXIV XLI YTKVEHI MJ VIUYMVIH
'SRJMKYVMRK 'SQTVIWWMSR
'SRJMKYVI GSQTVIWWMSR MR XLI 'SRJMKYVEXMSR 9XMPMX] SV MR XLI GSQQERHPMRI MRXIVJEGI 4SPMG] PEFIPW
EVI YWIH XS MRZSOI XLI GSQTVIWWMSR TSPMGMIW 8LI JSPPS[MRK GSHI HIQSRWXVEXIW XLI GSQQERHW ERH
W]RXE\ YWIH XS QEREKI EHZERGIH GSQTVIWWMSR TSPMG] PEFIPW
EHH GQT TSPMG]PEFIP PEFIP2EQI" X]TI 6)5 ` 6)7
VQ GQT TSPMG]PEFIP PEFIP2EQI"
FMRH GQT TSPMG]PEFIP PEFIP2EQI" TSPMG]2EQI WXVMRK"

TVMSVMX] TSWMXMZICMRXIKIV"
?KSXS4VMSVMX])\TVIWWMSR I\TVIWWMSR"A ?
MRZSOI PEFIP8]TI" PEFIP2EQI" A
YRFMRH GQT TSPMG]PEFIP PEFIP2EQI" TSPMG]2EQI" ?

TVMSVMX] TSWMXMZICMRXIKIV"A
WLS[ GQT TSPMG]PEFIP ? PEFIP2EQI"A
=SY GER YWI XLI WEQI GSQQERHW XS QEREKI GPEWWMG GSQTVIWWMSR TSPMGMIW ERH EHZERGIH
GSQTVIWWMSR TSPMGMIW
-RXIKVEXIH 'EGLMRK
-RXIKVEXIH GEGLMRK WXSVIW JVIUYIRXP] VIUYIWXIH GSRXIRX MR XLI QIQSV] GEGLI SJ XLI 2IX7GEPIV
W]WXIQ -X MRXIVGITXW EPP ,884 GPMIRX VIUYIWXW ERH WIRHW XLI VIWTSRWI XS XLI GPMIRX MJ XLI VIWTSRWI MW
WXSVIH MR XLI QIQSV] GEGLI 6IWTSRWIW JSV VIUYIWXW QE] SV QE] RSX FI WXSVIH MR XLI GEGLI
2IX7GEPIV MRXIKVEXIH GEGLMRK SJJIVW
y ,884 GEGLMRK ,884 ERH 770 SJJPSEHIH ,8847 XVEJJMG SRP]
y ,884 ERH ,884 SRP]
y *MRIKVEMRIH GSRJMKYVEXMSR WYTTSVXMRK WXEXMG ERH H]REQMG GSRXIRX
y 7IEQPIWW MRXIKVEXMSR [MXL SXLIV 2IX7GEPIV W]WXIQ JIEXYVIW
y *EWX MRQIQSV] GEGLI
y 9WEKI SJ YT XS SJ XLI TL]WMGEP QIQSV] SR XLI W]WXIQ
y )EW] QEREKIEFMPMX]
6IZIVWI4VS\]'EGLI 'SRJMKYVEXMSR
%W XLI JMKYVI MPPYWXVEXIW E VIZIVWI TVS\] MW E TVS\] WIVZIV XLEX MW MRWXEPPIH [MXLMR XLI RIMKLFSVLSSH
SJ SRI SV QSVI WIVZIVW %PP GSRRIGXMSRW GSQMRK JVSQ XLI -RXIVRIX EHHVIWWIH XS SRI SJ XLI GSRXIRX
WIVZIVW EVI VSYXIH XLVSYKL XLI TVS\] WIVZIV [LMGL QE] IMXLIV HIEP [MXL XLI VIUYIWX MXWIPJ SV TEWW
XLI VIUYIWX [LSPP] SV TEVXMEPP] XS XLI QEMR GSRXIRX WIVZIV -X MW YWIJYP MR ER MRXIKVEXIH GEGLMRK
WSPYXMSR XS LEZI XLI 2IX7GEPIV W]WXIQ WIVZI EW E VIZIVWI TVS\]
'SRXIRX +VSYTW
'SRXIRX KVSYTW EVI IRXMXMIW XLEX WXSVI GEGLIH GSRXIRX IZIV] GEGLIH SFNIGX MW E QIQFIV SJ E GSRXIRX
KVSYT EW MPPYWXVEXIH MR XLI JMKYVI 'SRXIRX KVSYTW GER FI YWIH XS GSRXVSP GSQQSR WIXXMRKW JSV
GSRXIRX GEGLIH [MXLMR XLEX KVSYT WYGL EW GSRXIRXI\TMV] QIXLSH TVIJIXGL GSSOMI VIQSZEP ERH
LIEHIV QSHMJMGEXMSR WIXXMRKW
'EGLI 7IPIGXSVW ERH 4SPMGMIW
'EGLI 7IPIGXSVW
'EGLI WIPIGXSVW EVI TEXXIVRW SV I\TVIWWMSRW XLEX EVI JSVQIH JVSQ E GSQFMREXMSR SJ HMJJIVIRX TEVXW SJ
E VIUYIWX ;LIR E GPMIRX VIUYIWXW H]REQMG GSRXIRX WIPIGXSVW WIEVGL XLVSYKL XLI GEGLI XS PSGEXI XLI
ETTVSTVMEXI VIWTSRWI JSV XLI GPMIRX
4SPMGMIW
4SPMGMIW EVI XLI GSQFMREXMSR SJ ER EGXMSR ERH ER I\TVIWWMSR XS HIXIVQMRI [LMGL VIUYIWXW ERH
VIWTSRWIW WLSYPH FI GEGLIH ERH MR [LMGL GEGLI GSRXIRX KVSYT XLI SFNIGX [MPP FI WXSVIH 4SPMGMIW GER
EPWS FI YWIH XS MRZEPMHEXI GEGLIH SFNIGXW SV GSRXIRX KVSYTW
'EGLMRK 7XEXMG ERH (]REQMG 'SRXIRX

-RXIKVEXIH GEGLMRK MW GETEFPI SJ GEGLMRK H]REQMGEPP] KIRIVEXIH GSRXIRX [LMGL MW X]TMGEPP] QEVOIH
RSRGEGLIEFPI F] ;IF WIVZIVW ERH ETTPMGEXMSR WIVZIVW 7XEXMG GSRXIRX VIQEMRW XLI WEQI JSV QYPXMTPI
YWIVW MRGPYHMRK TEKIFEWIH GEGLMRK WYGL EW WIEVGL IRKMRI TEKIW ERH SFNIGXFEWIH GEGLMRK WYGL EW
;IFFEWIH ETTPMGEXMSR KVETLMGW (]REQMG GSRXIRX TIVMSHMGEPP] GLERKIW [LMGL MRGPYHIW SFNIGX
FEWIH GEGLMRK SRP] WYGL EW WXSGO YTHEXIW WTSVXW WGSVIW ERH RI[W
(]REQMG 'SRXIRX
'EGLMRK H]REQMG ;IF ETTPMGEXMSR GSRXIRX VIUYMVIW GSQTPI\ GSRJMKYVEXMSR 8S GEGLI H]REQMG
VIWTSRWIW ]SY QYWX YRHIVWXERH XLI ETTPMGEXMSR FILEZMSV ERH HIXIVQMRI [LMGL VIWTSRWIW EVI
GEGLIEFPI 1SWX ETTPMGEXMSRW HIGPEVI EPQSWX IZIV] H]REQMG VIWTSRWI EW RSRGEGLIEFPI FYX ER]
VIWTSRWI XLEX HSIW RSX GLERKI [MXL IZIV] VIUYIWX MW TSXIRXMEPP] GEGLIEFPI (]REQMG GSRXIRX VIUYMVIW
E XMQIFEWIH VIJVIWL XS QE\MQMÎ GSRXIRX GEGLMRK
=SY GER WIPIGX SRI SJ XLI JSPPS[MRK TEVEQIXIVW XS GEGLI H]REQMG SFNIGXW
y 8LI HYVEXMSR JSV [LMGL XLI VIWTSRWI GER FI GEGLIH
y 8LI XVMKKIV XLEX GEYWIW XLI VIWTSRWI XS GLERKI
-J GSRJMKYVMRK E XVMKKIV XLEX GEYWIW E VIWTSRWI SV GLERKI XLIR ]SY WLSYPH HIXIVQMRI [LIXLIV XLEX
XVMKKIV MW YWIH XS JPYWL XLI SFNIGX JVSQ XLI GEGLI (]REQMG GSRXIRX GEGLMRK SJXIR VIUYMVIW
TEVEQIXIVMÎH GEGLMRK
'EGLI %GXMSRW
8LI JSPPS[MRK XEFPI PMWXW XLI GEGLI EGXMSRW
%GXMSRW (IWGVMTXMSR
'%',) 8LMW EGXMSR QEOIW XLI XVERWEGXMSR GEGLIEFPI -J

MX MW EWWSGMEXIH [MXL E GSRXIRX KVSYT XLIR XLI
VIWTSRWI MW WXSVIH MR XLEX GSRXIRX KVSYT
3XLIV[MWI MX MW WXSVIH MR XLI ()*%908 GSRXIRX
KVSYT
23 '%',) 8LMW EGXMSR QEOIW XLI XVERWEGXMSR RSR

GEGLIEFPI 8LI VIWTSRWI MW RSX WXSVIH MR XLI
GEGLI
1%=C23'%',) -J RIMXLIV VIUYIWX RSV VIWTSRWI GEGLI TSPMGMIW

QEXGL XLIR XLI HIJEYPX EGXMSR MW XS GEGLI XLI
VIWTSRWI 8LI 1%=C23'%',) EGXMSR VIZIVWIW
XLMW FILEZMSV JSV GLSWIR VIUYIWXW 8LMW EGXMSR
EWWSGMEXIH [MXL E VIUYIWX GEGLI TSPMG] QEOIW
XLI VIWTSRWI RSRGEGLIEFPI MJ RS VIWTSRWI GEGLI
TSPMG] MW QEXGLIH 8LI 1%=C23'%',)
VIUYIWX XMQI HMVIGXMZI GER FI SZIVVMHHIR F] E
'%',) VIWTSRWI XMQI HMVIGXMZI
1%=C'%',) 8LMW EGXMSR EWWSGMEXIH [MXL E VIUYIWX
GEGLIEFMPMX] TSPMG] QEOIW XLI VIWTSRWI
GEGLIEFPI MJ RS VIWTSRWI GEGLIEFMPMX] TSPMG]
QEXGLIW [LMGL MW ZIV] WMQMPEV XS XLI HIJEYPX
FILEZMSV 8LMW EGXMSR GER EPWS XEOI XLI REQI SJ
E GSRXIRX KVSYT 8LI ()*%908 GSRXIRX KVSYT
MW EWWYQIH MJ RS GSRXIRX KVSYT REQI MW
WTIGMJMIH 8LI VIWTSRWI KIXW GEGLIH MJ EX EPP MR
XLI WTIGMJMIH GSRXIRX KVSYT
8LI 1%=C'%',) VIUYIWX XMQI HMVIGXMZI GER
FI SZIVVMHHIR F] E 23'%',) HMVIGXMZI EX
VIWTSRWI XMQI % '%',) VIWTSRWI XMQI
HMVIGXMZI [MXLSYX ER] GSRXIRX KVSYT WTIGMJMIH
VIWYPXW MR XLI VIWTSRWI FIMRK GEGLIH MR XLI
GSRXIRX KVSYT WTIGMJMIH [MXL XLI 1%=C'%',)
EGXMSR % '%',) VIWTSRWI XMQI HMVIGXMZI [MXL
E GSRXIRX KVSYT HMJJIVIRX JVSQ XLI GSRXIRX
KVSYT WTIGMJMIH [MXL XLI 1%=C'%',) EGXMSR
VIWYPXW MR XLI VIWTSRWI RSX KIXXMRK GEGLIH
-2:%0 8LMW EGXMSR MRZEPMHEXIW WSQI GEGLIH SFNIGXW 8LI

-2:%0 EGXMSR EPWS LEW XLI WMHI IJJIGX SJ QEOMRK
E XVERWEGXMSR RSRGEGLIEFPI 8LI EWWYQTXMSR MW
XLEX ER MRZEPMHEXMSR VIUYIWX QSHMJMIW ER SFNIGX
SV XVERWEGXMSR EX XLI SVMKMR ERH MX GERRSX FI
GEGLIH
6IUYIWX ERH 6IWTSRWI 4VSGIWW *PS[

8LI MRXIKVEXIHGEGLMRK TVSGIWW JPS[ ERH VIUYIWX ERH VIWTSRWITSPMG]IZEPYEXMSR JPS[W EVI
MQTSVXERX MR YRHIVWXERHMRK FYMPXMR GEGLIEFMPMX] TSPMGMIW 8[S WIXW SJ FYMPXMR GEGLIEFMPMX] TSPMGMIW
I\MWX 3RI TSPMG] MW JSV VIUYIWXXMQI TVSGIWWMRK ERH XLI SXLIV MW JSV VIWTSRWIXMQI TVSGIWWMRK
8LIWI FYMPXMR TSPMGMIW IRGSHI XLI WXERHEVH ,884 FILEZMSV [LMGL MW TEVX SJ XLI MRXIKVEXIH GEGLI
HIJEYPX FILEZMSV
8LI JMKYVI WLS[W LS[ MRXIKVEXIH GEGLMRK SGGYVW IEVP] SR MR XLI VIUYIWX ERH VIWTSRWI TVSGIWW JPS[
8LI GPMIRX VIUYIWX LMXW SV QMWWIW EW [IPP EW YRHIVKSIW VIUYIWXWMHI TSPMG] GLIGOMRK 8LI WIVZIV
VIWTSRWI YRHIVKSIW VIWTSRWIWMHI TSPMG] GLIGOMRK ERH KSIW XLVSYKL E '%',) SV 23'%',)
EGXMSR
'EGLI 4SPMGMIW ERH 'EGLI )\TVIWWMSRW
=SY GER YWI GEGLI TSPMGMIW ERH GEGLI I\TVIWWMSRW XS GSRJMKYVI MRXIKVEXIH GEGLMRK
'EGLI 4SPMGMIW
'EGLI TSPMGMIW YWI XLI TS[IVJYP 2IX7GEPIV TSPMG] JVEQI[SVO 4SPMGMIW GER FI YWIH XS SZIVVMHI ERH
EHH XS XLI FYMPXMR WXERHEVH ,884 GEGLMRK FILEZMSV 4SPMGMIW HIXIVQMRI [LEX XVERWEGXMSRW EVI
GEGLIEFPI 8LI] HIGMHI MRXS [LMGL GSRXIRX KVSYT E GEGLIEFPI SFNIGX KSIW ERH XLI] HIXIVQMRI [LMGL
WIX SJ SFNIGXW MR XLI GEGLI KIX MRZEPMHEXIH F] E KMZIR ,884 VIUYIWX
-R SVHIV XS GSRJMKYVI XLI 2IX7GEPIV W]WXIQ JSV H]REQMGEPP] KIRIVEXIH GSRXIRX SV E RSRWXERHEVH
WXEXMG SFNIGX ]SY RIIH XS GSRJMKYVI GEGLI TSPMGMIW XS IRGSHI XLI HIWMVIH FILEZMSV
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8LI I\TVIWWMSR WTIGMJMIH [MXL XLI TSPMG] MW IZEPYEXIH SR XLI MRGSQMRK VIUYIWX SV VIWTSRWI 8LI
I\TVIWWMSRW EVI WXERHEVH GPEWWMGTSPMG]IRKMRI I\TVIWWMSRW [MXL SRI I\GITXMSR ;LIVIEW XLI W]RXE\
WIQERXMGW ERH STIVEXSVW EVI XLI WEQI ER I\TVIWWMSR GER GSRXEMR VIUYIWXSRP] I\TVIWWMSRW SV
VIWTSRWISRP] I\TVIWWMSRW FYX RSX FSXL
(ITIRHMRK SR [LIXLIV XLI VYPIW LEZI VIUYIWXSRP] I\TVIWWMSRW SV VIWTSRWISRP] I\TVIWWMSRW GEGLI
TSPMGMIW GER FI GPEWWMJMIH EW VIUYIWX TSPMGMIW SV VIWTSRWI TSPMGMIW 3XLIV XLER GSRXVSPPMRK [LIR E
TSPMG] MW IZEPYEXIH XLMW GPEWWMJMGEXMSR EPWS GSRXVSPW [LEX OMRH SJ EGXMSR GER FI EWWSGMEXIH [MXL E
TSPMG]
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y %VI IMXLIV VIUYIWXWMHI SV VIWTSRWIWMHI
y )UYEP E REQI VYPI EGXMSR
y 2EQI E GSRXIRX KVSYT MR [LMGL GEGLIH SFNIGXW EVI WXSVIH
y %VI FYMPXMR ERH RSRQSHMJMEFPI SV EVI GYWXSQ ERH QSHMJMEFPI
y %VI ,884 ERH ,884 VIUYIWX GEGLIEFPI SRP]
y %VI SRP] +)8 QIXLSH GEGLIEFPI
y %VI RSRGEGLIEFPI [MXL E VIWTSRWI TVEKQE LIEHIV
y %VI RSRGEGLIEFPI [MXL E VIWTSRWI 7IX'SSOMI LIEHIV
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'EGLI TSPMGMIW QYWX FI FSYRH XS FI EGXMZI 8LI TSPMGMIW GER FI FSYRH F] YWMRK XLI %GXMZEXI 4SPMGMIW
FYXXSR MR XLI 'SRJMKYVEXMSR 9XMPMX] SV F] YWMRK XLI FMRH GEGLI KPSFEP GSQQERH MR XLI GSQQERH
PMRI MRXIVJEGI
3TXMSRW JSV FMRHMRK GEGLI TSPMGMIW EVI
4VMSVMX] 8LI TVMSVMX] HIXIVQMRIW XLI IZEPYEXMSR SVHIV SJ TSPMGMIW 8LI PS[IV
XLI ZEPYI WTIGMJMIH JSV XLI TVMSVMX] STXMSR XLI LMKLIV XLI TVMSVMX] SJ
XLI EWWSGMEXIH TSPMG]
4VIGIHI (IJEYPX 6YPIW 8LI 4VIGIHI (IJEYPX 6YPIW STXMSR HIWMKREXIW XLEX XLI TSPMG] [MPP FI
IZEPYEXIH TVMSV XS ERH XLIVIJSVI XEOI TVIGIHIRGI SZIV XLI FYMPXMR
TSPMGMIW
4SPMGMIW [MXL ER -2:%0 EGXMSR QYWX FI FSYRH [MXL E
LMKLIV TVMSVMX] XLER SXLIV TSPMGMIW [MXL XLI 4VIGIHI
(IJEYPX 6YPIW STXMSR WIPIGXIH
'EGLI 4SPMG] )ZEPYEXMSR

4SPMGMIW EVI QEHI YT SJ I\TVIWWMSRW JSV TSPMG] IZEPYEXMSR ERH E GSVVIWTSRHMRK EGXMSR XS FI ETTPMIH
[LIR XLI I\TVIWWMSR MW QEXGLIH 1SVISZIV TSPMGMIW QYWX FI FSYRH [MXL TVMSVMXMIW XS HIJMRI XLIMV
IZEPYEXMSR SVHIV [LIR QYPXMTPI TSPMGMIW EVI TVIWIRX
-J 8LIR
% VIUYIWX QEXGLIW ER MRZEPMHEXMSR TSPMG] 8LEX VIUYIWX F]TEWWIW XLI GEGLI
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&]TEWW MW IREFPIH 8LI LMX IZEPYEXMSR LETTIRW SRP] EJXIV XLI TVI
HIJEYPX HIJEYPX ERH TSWXHIJEYPX VIUYIWX
GEGLIEFMPMX] TSPMGMIW LEZI FIIR IZEPYEXIH
-J F]TEWW MW IREFPIH XLIR XLI VIUYIWX
XMQI GEGLI TSPMGMIW LEZI EPVIEH] FIIR
IZEPYEXIH XS XIWX [LIXLIV XLI VIUYIWX
WLSYPH F]TEWW XLI GEGLI SV RSX -J XLI
QEXGLMRK SFNIGX MW TVIWIRX FYX LEW
I\TMVIH XLIR XLI GEGLI TSPMGMIW EVI RSX
IZEPYEXIH EKEMR YRPIWW XLI
EP[E]W)ZEP4SPMGMIW EVKYQIRX MW WIX XS
=)7 MR XLI GSRXIRX KVSYT SJ XLI
I\TMVIH SFNIGX
&]TEWW MW RSX IREFPIH ,MX IZEPYEXMSR [MPP LETTIR FIJSVI XLI VIUYIWX
GEGLIEFMPMX] TSPMGMIW EVI IZEPYEXIH
2SX IREFPMRK F]TEWW PIEHW XS FIXXIV
TIVJSVQERGI FIGEYWI QSWX LMXW EVI
WIVZIH [MXLSYX ER] GEGLIEFMPMX] TSPMG]
IZEPYEXMSR
2S TSPMGMIW QEXGL FYMPXMR SV YWIV GSRJMKYVIH 8LI VIWTSRWI MW GEGLIH MR XLI ()*%908
GSRXIRX KVSYT
8LI GEGLIEFMPMX] HIGMWMSR LEW EPVIEH] FIIR QEHI 2S JYVXLIV GEGLIEFMPMX] TSPMG] IZEPYEXMSR XEOIW
EX VIUYIWX XMQI TPEGI
% VIUYIWX QEXGLIW E VIUYIWXXMQI GEGLIEFMPMX] 8LI VIUYIWXXMQI GEGLIEFMPMX] TSPMGMIW [MXL

TSPMG] [MXL E 1%=C'%',) SV E PS[IV TVMSVMXMIW EVI RSX IZEPYEXIH 8LI VIWTSRWI
1%=C23'%',) EGXMSR GEGLIEFMPMX] TSPMGMIW EVI WXMPP IZEPYEXIH
8LI JMVWX '%',) SV 23'%',) TSPMG] XLEX QEXGLIW HIXIVQMRIW [LIXLIV XLI VIWTSRWI SFNIGX ERH
XLI KVSYT XLEX XLI SFNIGX FIPSRKW XS EVI GEGLIEFPI 'EGLIEFMPMX] IZEPYEXMSR LETTIRW SRP] JSV
VIUYIWXW XLEX HS RSX JMRH E QEXGLMRK SFNIGX MR XLI GEGLI WYGL EW GEGLI QMWWIW
)ZEPYEXMSR 3VHIV
8LI JSPPS[MRK MRJSVQEXMSR ETTPMIW XS XLI IZEPYEXMSR SVHIV SJ GEGLI TSPMGMIW
y 8LI GEGLI TSPMGMIW EVI PMWXIH MR XLI SVHIV MR [LMGL XLI] EVI IZEPYEXIH HYVMRK XLI PMJIXMQI SJ ER
,884 XVERWEGXMSR
y 8LI VIWTSRWI GEGLIEFMPMX] TSPMGMIW GER LEZI SRP] '%',) SV 23'%',) EGXMSRW 8LI '%',)
EGXMSR GER JYVXLIV WTIGMJ] E RSRTEVEQIXIVMÎH GSRXIRX KVSYT MR [LMGL XS WXSVI XLI VIWTSRWI
SXLIV[MWI ()*%908 MW EWWYQIH
y 8LI TSPMG] IZEPYEXMSR SVHIV MW GSRXVSPPIH F] XLI TVMSVMX] XS [LMGL MX MW FSYRH [MXLMR IEGL
GPEWWMJMGEXMSR 8LI 2IX7GEPIV W]WXIQ IRWYVIW XLEX ]SY GERRSX WTIGMJ] MRGSRWMWXIRX TVMSVMX] *SV
I\EQTPI ]SY GERRSX WTIGMJ] E TVMSVMX] JSV E GEGLIEFMPMX] TSPMG] XLEX MW LMKLIV XLER XLI TVMSVMX]
SJ ER] MRZEPMHEXMSR TSPMG]
y 2S X[S TSPMGMIW GER LEZI XLI WEQI TVMSVMX] ZEPYI
y 8LI EGXMSR XLEX FIGSQIW IJJIGXMZI MW XLI SRI XLEX MW EWWSGMEXIH [MXL XLI JMVWX TSPMG] MR XLI
TVMSVMX] SVHIV XLEX QEXGLIW [MXLMR IEGL GPEWWMJMGEXMSR
&YMPX-R 4SPMGMIW
8LI MRXIKVEXIH GEGLI LEW FYMPXMR VIUYIWX ERH VIWTSRWI HIJEYPX TSPMGMIW 8LI 2IX7GEPIV W]WXIQ
IZEPYEXIW XLI TSPMGMIW MR E TEVXMGYPEV SVHIV 8LIWI TSPMGMIW EVI LEVHGSHIH JSV IJJMGMIRG] 8LI FYMPXMR
TSPMG] REQIW WXEVX [MXL ER YRHIVWGSVI C =SY GER ZMI[ XLI FYMPXMR TSPMGMIW JVSQ XLI
'SRJMKYVEXMSR 9XMPMX] ERH XLI GSQQERHPMRI MRXIVJEGI YWMRK XLI WLS[ GEGLI TSPMG] GSQQERH
=SY GER SZIVVMHI XLIWI FYMPXMR TSPMGMIW [MXL E YWIVHIJMRIH TSPMG] XLEX MW FSYRH XS E VIUYIWXXMQI
SZIVVMHI SV VIWTSRWIXMQI SZIVVMHI TSPMG] FERO
+VEGIJYP 'EGLI 'SRJMKYVEXMSR 'LERKIW
-RXIKVEXIH GEGLMRK MW SR YRPIWW HMWEFPIH ERH VIGSRJMKYVMRK [LMPI MRXIKVEXIH GEGLMRK MW IREFPIH GER
PIEH XS YRI\TIGXIH FILEZMSV 8S EZSMH YRI\TIGXIH FILEZMSV ]SY GER GSRJMKYVI GLERKIW KVEGIJYPP]
8S TIVJSVQ KVEGIJYP GLERKIW XS XLI MRXIKVEXIH GEGLI
(MWEFPI MRXIKVEXIH GEGLMRK
*PYWL XLI GEGLI
1EOI GSRJMKYVEXMSR GLERKIW
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&] HIJEYPX XLI GEGLMRK JIEXYVI GEGLIW EPP GEGLIEFPI GSRXIRX [LIR XLI JIEXYVI MW IREFPIH
=SY RIIH XS GSRJMKYVI XLI GEGLMRK JIEXYVI MJ XLI HIJEYPX GEGLMRK FILEZMSV MW RSX HIWMVIH
'EGLI 'SRXIRX +VSYTW
)ZIV] GEGLIH SFNIGX MW QEHI E QIQFIV SJ E GSRXIRX KVSYT 8LI EWWSGMEXMSR LETTIRW EX XLI XMQI XLI
SFNIGX MW FIMRK HS[RPSEHIH ERH WXSVIH 8LMW EWWSGMEXMSR MW HIGPEVIH MR XLI TSPMG] XLEX VIWYPXIH MR XLI
GEGLMRK SJ XLMW SFNIGX
'EGLI GSRXIRX KVSYTW EVI YWIH XS SVKERMÎ GSRXIRX WS XLEX WIXXMRKW QE] FI QEREKIH EX E KVSYT
PIZIP VEXLIV XLER JSV IEGL TSPMG]
8LI JSPPS[MRK GSRXIRX KVSYT REQIW EVI VIWIVZIH
y ()*%908
y %00
6IZIVWIH 'SRXIRX +VSYT 2EQIW

()*%908 VIJIVW XS E FYMPXMR GSRXIRX KVSYT -J E KVSYT REQI MW RSX WTIGMJMIH MR E GEGLI TSPMG]
XLIR EPP SFNIGXW GEGLIH F] XLEX TSPMG] EVI GEGLIH MR XLI ()*%908 GSRXIRX KVSYT %PXLSYKL XLI
()*%908 GSRXIRX KVSYT GERRSX FI VIQSZIH XLI ()*%908 KVSYT MW RS HMJJIVIRX JVSQ ER] SXLIV
I\TPMGMXP] GSRJMKYVIH KVSYT
9RPIWW MX MW GLERKIH XLI ()*%908 GSRXIRX KVSYT YWIW XLI WXERHEVH ,884 QIGLERMWQ JSV
I\TMVMRK XLI SFNIGXW 8LI ()*%908 GSRXIRX KVSYT MW RSX TEVEQIXIVMÎH ERH LEW TVIJIXGL IREFPIH
*SV QSVI MRJSVQEXMSR EFSYX FYMPXMR WIXXMRKW VIJIV XS XLI 'MXVM\ ,EVH[EVI -RWXEPPEXMSR ERH 7IXYT
+YMHI
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ER] [E]
8LI REQI %00 MW EPWS VIWIVZIH %00 VIJIVW XS EPP GSRXIRX KVSYTW MRGPYHMRK XLI ()*%908 KVSYT
'EGLI 'SRXIRX %KMRK
'SRXVSPPMRK GSRXIRX EKMRK MRZSPZIW GEPGYPEXMSRW VIKEVHMRK XLI I\TMV] XMQI SJ ER SFNIGX ERH MW WIX EW
ER EXXVMFYXI SJ XLI GEGLI GSRXIRX KVSYT )\TMVEXMSR X]TIW MRGPYHI
9WIVGSRJMKYVIH VIGYVVMRK 8LI EFWSPYXI I\TMV] XMQI WTIGMJMIW XLI I\EGX XMQI [LIR XLI SFNIGX
EFWSPYXI I\TMVEXMSR QYWX I\TMVI IZIV]HE] 8LI XMQI MW WTIGMJMIH MR XLI ,,11 JSVQEX
ERH IMXLIV MR PSGEP XMQI SV +18 XMQI
8LI EFWSPYXI I\TMV] GER FI GSRJMKYVIH XS SGGYV YT XS JSYV XMQIW
HEMP]
9WIVGSRJMKYVIH VIGYVVMRK 8LI VIPEXMZI I\TMV] XMQI WTIGMJMIW XLI RYQFIV SJ WIGSRHW SV
VIPEXMZI I\TMVEXMSR QMPPMWIGSRHW JVSQ XLI XMQI XLI VIUYIWX QMWWIH XLI SVMKMR XS XLI
I\TMV] XMQI SJ XLI SFNIGX
,IYVMWXMG I\TMVEXMSR 8LI LIYVMWXMG I\TMV] XMQI HIXIVQMRIW XLI XMQI SJ I\TMV] F]
GSRWMHIVMRK XLI PEWX QSHMJMIH LIEHIV 8LI XMQI SJ I\TMV] MW
I\TVIWWIH EW E TIVGIRXEKI SJ XLI HYVEXMSR WMRGI XLI SFNIGX [EW PEWX
QSHMJMIH 8LI LIYVMWXMG XLEX VIQEMRW YRQSHMJMIH JSV E PSRKIV XMQI MW
PMOIP] XS LEZI E PSRKIV I\TMV] TIVMSH
;IEO TSWMXMZI VIPEXMZI 8LI [IEO TSWMXMZI VIPEXMZI I\TMV] MW WIX MR GSRNYRGXMSR [MXL LIYVMWXMG
I\TMVEXMSR I\TMVEXMSR 8LI WIXXMRK MW YWIH XS WIX VIPEXMZI I\TMVEXMSR JSV
VIWTSRWIW XLEX HS RSX GSRXEMR E PEWX QSHMJMIH LIEHIV
;IEO RIKEXMZI VIPEXMZI 8LI [IEO RIKEXMZI VIPEXMZI I\TMV] MW YWIH XS WIX VIPEXMZI I\TMVEXMSR
I\TMVEXMSR JSV RIKEXMZI VIWTSRWIW WYGL EW 4EKI 2SX *SYRH SV 'SRXIRX
1SZIH
'SRXIRX +VSYT 7IXXMRKW
'SRXIRX KVSYT WIXXMRKW EJJIGX GSRXIRX EKMRK QIQSV] YWEKI ,884 LIEHIVW GSSOMI VIQSZEP ERH
SXLIV EXXVMFYXIW
1IQSV] 0MQMX
'SRXIRX KVSYT WIXXMRKW XLEX EJJIGX QIQSV] MRGPYHI
y 1IQSV] PMQMX
y 1MRMQYQ VIWTSRWI WMÎ
y 1E\MQYQ VIWTSRWI WMÎ
y 4MRRIH
% QIQSV] PMQMX GER FI GSRJMKYVIH JSV IEGL GSRXIRX KVSYT 8LMW GSRJMKYVEXMSR EPPS[W ]SY XS PMQMX
XLI EQSYRX SJ EZEMPEFPI GEGLI WTEGI XLEX E WTIGMJMG GSRXIRX KVSYT GER GSRWYQI
8LIVI MW E QMRMQYQ ERH QE\MQYQ VIWTSRWI WMÎ XS GEGLI MR XLI GEGLI GSRXIRX KVSYT
7IPIGXMRK XLI TMRRIH STXMSR TVIZIRXW SFNIGXW MR XLI GSRXIRX KVSYT JVSQ FIMRK JPYWLIH YRHIV
QIQSV] TVIWWYVI
,884 ,IEHIVW ERH 'SRXIRX +VSYT 7IXXMRKW

)EGL SJ XLI JSPPS[MRK GSRXIRX KVSYT WIXXMRKW EJJIGXW ,884 LIEHIVW
-RWIVX %KI -J XLMW EGXMSR MW GSRJMKYVIH XLI %KI LIEHIV MW MRWIVXIH MRXS VIWTSRWIW
WIVZIH JVSQ GEGLI 8LI %KI VIWTSRWILIEHIV JMIPH GSRZI]W XLI
WIRHIVW IWXMQEXI SJ XLI EQSYRX SJ XMQI WMRGI XLI VIWTSRWI QIWWEKI
SV MXW VIZEPMHEXMSR [EW KIRIVEXIH EX XLI SVMKMR WIVZIV
-RWIVX :ME -J XLMW EGXMSR MW GSRJMKYVIH XLI :ME LIEHIV MW MRWIVXIH MRXS VIWTSRWIW
WIVZIH JVSQ GEGLI 8LI :ME LIEHIV HIRSXIW XLEX XLI SFNIGX [EW
WIVZIH SYX SJ XLI 2IX7GEPIV GEGLI
-RWIVX )XEK -J XLMW EGXMSR MW GSRJMKYVIH XLI )XEK LIEHIV MW MRWIVXIH MRXS
VIWTSRWIW WIVZIH JVSQ GEGLI %R )XEK MW ER ,884 VIWTSRWI LIEHIV
VIXYVRIH F] ER ,884 GSQTPMERX ;IF WIVZIV YWIH XS HIXIVQMRI
GLERKI MR GSRXIRX EX E KMZIR 960 ;LIR E RI[ ,884 VIWTSRWI
GSRXEMRW XLI WEQI )XEK EW ER SPHIV ,884 VIWTSRWI XLI GSRXIRX MW
HIXIVQMRIH XS FI XLI WEQI [MXLSYX JYVXLIV HS[RPSEHMRK
'EGLI'SRXVSP % 'EGLI'SRXVSP LIEHIV GER FI WTIGMJMIH MR XLI VIWTSRWI %R] ZEPMH
IRXV] JSV E 'EGLI'SRXVSP LIEHIV GER FI WTIGMJMIH
'SSOMI 6IQSZEP
'SSOMIW EVI SJXIR TIVWSREPMÎH JSV IEGL YWIV 8LIVIJSVI WLEVMRK XLIQ EGVSWW YWIVW QE] PIEH XS
YRHIWMVIH FILEZMSV =SY QE] [ERX XS GSRJMKYVI GSSOMI VIQSZEP JSV IZIV] GSRXIRX KVSYT XLEX WXSVIW
IQFIHHIH SFNIGXW WYGL EW MQEKIW
-J E GSRXIRX KVSYT LEW GSSOMI VIQSZEP GSRJMKYVIH XLIR XLI 7IX'SSOMI ERH 7IX'SSOMI LIEHIVW EVI
VIQSZIH FIJSVI WXSVMRK ER] VIWTSRWI MR XLEX GSRXIRX KVSYT -J GSSOMI VIQSZEP MW RSX GSRJMKYVIH
ERH MJ XLI VIWTSRWI GSRXEMRW GSSOMIW XLIR GSSOMIW EVI WXSVIH ERH WIVZIH [MXL IZIV] LMX
8LI HIJEYPX FILEZMSV MW RSX XS WXSVI ER] VIWTSRWI [MXL 7IX'SSOMI SV 7IX'SSOMI LIEHIVW
YRPIWW XLI VIWTSRWI MW ER MQEKI ;LIR MQEKIW KIX GEGLIH FIGEYWI SJ XLI HIJEYPX FILEZMSV
XLIR XLI 7IX'SSOMI ERH 7IX'SSOMI LIEHIVW EVI VIQSZIH
'SRJMKYVI GSSOMI VIQSZEP JSV ER I\MWXMRK GSRXIRX KVSYT MR XLI GSQQERHPMRI MRXIVJEGI
WIX GEGLI GSRXIRXKVSYT REQI VIQSZI'SSOMI =)7
3XLIV 'SRXIRX +VSYT %XXVMFYXIW

8LI JSPPS[MRK XEFPI HIWGVMFIW SXLIV GSRXIRX KVSYT EXXVMFYXIW
%XXVMFYXIW (IWGVMTXMSR
4SPP IZIV] XMQI 8LMW WIXXMRK JSVGIW XLI W]WXIQ XS VIZEPMHEXI EPP
SFNIGXW [MXL XLI WIVZIV FIJSVI WIVZMRK E VIWTSRWI
JVSQ XLI GEGLI
4VIJIXGL 8LMW TEVEQIXIV MW YWIH XS HIGMHI [LIXLIV XLI

MRXIKVEXIH GEGLI WLSYPH EXXIQTX XS VIJVIWL ER
SFNIGX MQQIHMEXIP] FIJSVI MX MW I\TMVIH
1MRMQYQ LMXW 8LMW WIXXMRK WTIGMJMIW XLI QMRMQYQ RYQFIV SJ

EGGIWWIW JSV ER SFNIGX XS FI WXSVIH MR GEGLI 8LI
HIJEYPX ZEPYI MW
*PEWL'EGLI
8LI *PEWL'EGLI JIEXYVI VIHYGIW XLI MQTEGX SJ JPEWL GVS[HW ;LIR IREFPIH XLMW JIEXYVI GEYWIW XLI
2IX7GEPIV W]WXIQ XS EPPS[ SRP] SRI VIUYIWX XS VIEGL XLI WIVZIV %PP XLI SXLIV VIUYIWXW EVI UYIYIH
YRXMP XLI WIVZIV VIWTSRHW 8LI VIWTSRWI JVSQ XLI WIVZIV MW XLIR VIXYVRIH XS EPP UYIYIH VIUYIWXW
MQTVSZMRK JPEWLGVS[H LERHPMRK
-J XLI SVMKMREXMRK WIVZIV VIWTSRHW [MXL ER IVVSV QIWWEKI XLI WEQI IVVSV QIWWEKI MW VITIEXIH EGVSWW
EPP XLI VIGMTMIRXW 9TSR VIGIMZMRK E VIUYIWX XLI 2IX7GEPIV W]WXIQ UYIYIW XLI GPMIRXW [MXL XLI
EWWYQTXMSR XLEX XLI VIWTSRWI MW GEGLIEFPI -J XLI VIWTSRWI FIGSQIW RSRGEGLIEFPI [LMPI FIMRK
WXSVIH XLI 2IX7GEPIV W]WXIQ EFSVXW WXSVMRK ERH GSRXMRYIW XS WIRH XLI VIWTSRWI JVSQ XLI WIVZIV XS
EPP XLI UYIYIH GPMIRXW
%W XLI JMKYVI MPPYWXVEXIW XLI *PEWL'EGLI JIEXYVI GER FI IREFPIH SR E TIVGSRXIRX KVSYT FEWMW 4SPP
IZIV] XMQI 4)8 ERH *PEWL'EGLI GERRSX FI IREFPIH SR E WMRKPI GSRXIRX KVSYT *PEWL'EGLI GER FI
YWIH MR GSRNYRGXMSR [MXL XLI )\TMVI EX 0EWX &]XI STXMSR MJ XLI GSRXIRX WLSYPH RSX FI VIXEMRIH MR
GEGLI
+PSFEP 'EGLI %XXVMFYXIW
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[LMGL XLI] FIPSRK 'EGLI KPSFEP WIXXMRKW MRGPYHI
y 32 ` 3**
y :ME
y QIQ0MQMX YT XS SJ QIQSV]
'EGLI %VKYQIRXW
8LI WIX GEGLI TEVEQIXIV GSQQERH QSHMJMIW XLI KPSFEP GSRJMKYVEXMSR SJ MRXIKVEXIH GEGLI =SY GER
YWI XLI JSPPS[MRK GSQQERH XS GEGLI TEVEQIXIVW MR XLI GSQQERHPMRI MRXIVJEGI
WIX GEGLI TEVEQIXIV QIQ0MQMX 1& ZME WXVMRK ZIVMJ]9WMRK ZIVMJ]YWMRK QE\4SWX0IR 4SWMXMZI-RXIKIV
TVIJIXGL1E\4IRHMRK 4SWMXMZI-RXIKIV IREFPI&]TEWW =)7 ` 23
QIQ0MQMX 8LI QIQSV] PMQMX JSV MRXIKVEXIH GEGLI MW GSRJMKYVIH F] QIQ0MQMX

8LI HIJEYPX MW RS ZEPYI :EPYI WIXXMRKW MRGPYHI
y 1MRMQYQ
y 1E\MQYQ
ZME % ZME LIEHIV MW MRWIVXIH MR EPP VIWTSRWIW WIVZIH JVSQ E GSRXIRX

KVSYT MJ MXW MRWIVX:ME JPEK MW WIX
ZIVMJ]9WMRK 8LI GVMXIVMSR JSV HIGMHMRK [LIXLIV E GEGLIH SFNIGX GER FI WIVZIH JSV
ER MRGSQMRK ,884 VIUYIWX MW GSRJMKYVIH [MXL ZIVMJ]MRK9WMRK
TVIJIXGL1E\4IRHMRK 8LI QE\MQYQ RYQFIV SJ SYXWXERHMRK TVIJIXGLIW MR MRXIKVEXIH

GEGLMRK MW GSRJMKYVIH [MXL TVIJIXGL1E\4IRHMRK 8LI HIJEYPX MW RS
ZEPYI ERH XLI QE\MQYQ ZEPYI MW
IREFPI&]TEWW 8LI F]TEWW EVKYQIRX MW GSRJMKYVIH [MXL IREFPI&]TEWW -J WIX XS 23
XLIR ER MRGSQMRK VIUYIWX WIVZIW E LMX MJ E QEXGLMRK SFNIGX GER FI
JSYRH MR XLI GEGLI WXSVEKI VIKEVHPIWW SJ XLI GEGLIEFMPMX] TSPMG]
GSRJMKYVEXMSR -J WIX XS =)7 XLIR XLI FSYRH VIUYIWX GEGLIEFMPMX]
TSPMGMIW EVI IZEPYEXIH FIJSVI ER] LMX WIPIGXMSR MR XLI GEGLI WXSVEKI MW
EXXIQTXIH -J XLI VIUYIWX QEXGLIW E TSPMG] [MXL 23'%',) EGXMSR
XLIR XLI VIUYIWX F]TEWWIW EPP GEGLI TVSGIWWMRK 8LMW JPEK HSIW RSX
EJJIGX XLI TVSGIWWMRK SJ XLSWI VIUYIWXW XLEX QEXGL ER MRZEPMHEXMSR
TSPMG] 8LI HIJEYPX MW RS ZEPYI
ZIVMJ]9WMRK %VKYQIRX
:EPYI WIXXMRKW JSV ZIVMJ]9WMRK EVI
y ,3782%1)
y ,3782%1)C%2(C-4
-J XLI ZEPYI SJ XLMW EXXVMFYXI MW WIX XS ,3782%1) XLIR XLI 960 LSWX REQI ERH LSWX TSVX ZEPYIW
MR XLI MRGSQMRK ,884 VIUYIWX LIEHIV QYWX QEXGL FIJSVI E GEGLIH SFNIGX GER FI WIVZIH 8LI -4
EHHVIWW ERH XLI 8'4 TSVX SJ XLI HIWXMREXMSR LSWX EVI RSX QEXGLIH *SV GIVXEMR HITPS]QIRXW XLI
,3782%1) WIXXMRK GER FI E WIGYVMX] VMWO
% VSKYI GPMIRX GER EGGIWW E VSKYI WIVZIV XLVSYKL XLI MRXIKVEXIH GEGLI YWMRK XLI JSPPS[MRK ,884
VIUYIWX
+)8 ,884
,SWX WIRWMXMZIJSSGSQ
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WYFWIUYIRX GPMIRX XV]MRK XS EGGIWW XLI VSSX TEKI JVSQ WIRWMXMZIJSSGSQ MW WIVZIH XLI VSKYI TEKI
,3782%1) 7IXXMRK
8LI ,3782%1) WIXXMRK WLSYPH FI WIX SRP] MJ MX MW GIVXEMR XLEX RS VSKYI GPMIRX GER EGGIWW E VSKYI
WIVZIV XLVSYKL XLI MRXIKVEXIH GEGLI 8LI =)7 WIXXMRK GER PIEH XS QSVI LMXW MJ (27FEWIH PSEH
FEPERGMRK MW MR YWI ERH XLI WEQI GSRXIRX GER FI WIVZIH F] QYPXMTPI WIVZIVW
-J XLI EXXVMFYXI MW WIX XS ,3782%1)C%2(C-4 XLIR XLI 960 LSWX REQI LSWX TSVX MR XLI
MRGSQMRK ,884 VIUYIWX LIEHIV -4 EHHVIWW ERH 8'4 TSVX SJ XLI HIWXMREXMSR WIVZIV QYWX QEXGL
-J XLI WIX GEGLI EVKYQIRX EXXVMFYXI MW WIX XS (27 XLIR XLI 960 LSWX REQI LSWX TSVX MR XLI
MRGSQMRK ,884 VIUYIWX ERH XLI 8'4 TSVX WLSYPH QEXGL -R VIKEVHW XS XLI -4 EHHVIWW SJ XLI
HIWXMREXMSR WIVZIV XLI LSWXREQI MW YWIH XS TIVJSVQ E (27 PSSOYT ERH MX MW GSQTEVIH [MXL XLI WIX
SJ EHHVIWWIW VIXYVRIH F] XLI (27 PSSOYT 8LI HIJEYPX ZEPYI MW (27 [MXL E (27 HIJEYPX SJ RS
ZEPYI
'EGLMRK 1EREKIQIRX
8LI SFNIGXW MR GEGLI GER FI MRZEPMHEXIH X[S [E]W [MXL XLI GSQQERHPMRI MRXIVJEGI
y )\TMVMRK ER SFNIGX IRWYVIW XLEX XLI SFNIGX MW RSX WIVZIH F] MRXIKVEXIH GEGLMRK [MXLSYX VI
ZEPMHEXMRK MX F] XLI SVMKMR 3FNIGXW XLEX HS RSX GEVV] ZEPMHEXSVW WYGL EW )XEK SV PEWXQSHMJMIH
LIEHIVW GERRSX FI VIZEPMHEXIH *SV XLIWI SFNIGXW JPYWLMRK SV I\TMVMRK LEW XLI WEQI IJJIGX
y *PYWLMRK ER SFNIGX IRWYVIW XLEX XLI SFNIGX MW RIZIV WIVZIH F] MRXIKVEXIH GEGLMRK EKEMR
-RZEPMHEXMSRW EVI GEVVMIH SYX EX HMJJIVIRX PIZIPW SJ KVERYPEVMX] -J XLI SFNIGX MW TEVX SJ E RSR
TEVEQIXIVMÎH GSRXIRX KVSYT XLIR XLI 960 QYWX QEXGL F]XI F] F]XI [MXL XLI WXSVIH 960 -J XLI
SFNIGX MW TEVX SJ E TEVEQIXIVMÎH GSRXIRX KVSYT XLIR XLI KVSYT REQI LEW XS FI WTIGMJMIH ERH XLI
960 QYWX QEXGL XLI WXSVIH 960 8LI LSWXREQI ERH TSVX QYWX FI XLI WEQI WXVMRKW XLEX [IVI
TVIWIRX MR XLI ,SWX ,884 VIUYIWX LIEHIV SJ XLI GEGLIH SFNIGX -J E TSVX MW RSX WTIGMJMIH XLIR TSVX
MW YWIH
%TT)\TIVX 8IQTPEXIW
%TT)\TIVX XIQTPEXIW [LMGL EVI VIYWEFPI FYRHPIW SJ GSRJMKYVEXMSR MRJSVQEXMSR TVSZMHI ER IEW] [E]
XS GSRJMKYVI XLI 2IX7GEPIV W]WXIQ XS STXMQMÎ XLI XVEJJMG SJ WTIGMJMG ETTPMGEXMSRW
%TT)\TIVX XIQTPEXIW VIUYMVI XLI ETTPMGEXMSR I\TIVX XS GEXIKSVMÎ XLI [SVOJPS[ SJ XLI ETTPMGEXMSR
MRXS YRMXW 8LIR VYPIW EVI TPERRIH JSV IEGL SJ XLIWI YRMXW FIJSVI ]SY GER WXEVX HITPS]MRK XLI
ETTPMGEXMSR YWMRK XLI 2IX7GEPIV W]WXIQ
8LI ETTPMGEXMSR ZMI[ EPWS TVSZMHIW E WMRKPI MRXIVJEGI XS QEREKI MR E JI[ GPMGOW EPP SJ XLI ETTPMGEXMSR
WTIGMJMG WIXXMRKW
%R EHHMXMSREP FIRIJMX SJ FIMRK EFPI XS MQTSVX ERH I\TSVX XIQTPEXIW MW XLI EFMPMX] JSV ]SY XS
I\GLERKI XLIWI XIQTPEXIW ;MXLMR SVKERMÊXMSRW ERH FIX[IIR SVKERMÊXMSRW ]SY ERH ETTPMGEXMSR
I\TIVXW GER WLEVI STXMQMÊXMSRW ERH FIWX TVEGXMGIW
8LI XIVQMRSPSK] YWIH [LIR HMWGYWWMRK %TT)\TIVX XIQTPEXIW MW QSVI GSQQSRP] YWIH [MXL
ETTPMGEXMSRW 8LI MRXIVJEGI TVSZMHIW ER I\IGYXMZI ZMI[ SJ GSRJMKYVEXMSR ERH EGXW EW SRIWXST WLST XS
GSRJMKYVI QSWX SJ XLI 2IX7GEPIV JIEXYVIW
9WMRK %TT)\TIVX 8IQTPEXIW

%TT)\TIVX XIQTPEXIW EVI EGGIWWMFPI JVSQ XLI %TTPMGEXMSRW WIGXMSR SJ XLI %TT)\TIVX RSHI [MXLMR XLI
'SRJMKYVEXMSR 9XMPMX]
=SY GER YWI %TT)\TIVX XIQTPEXIW XS
y 'SRJMKYVI XLI ZEVMSYW ETTPMGEXMSR JIEXYVIW XLEX XLI 2IX7GEPIV W]WXIQ MW STXMQM^MRK
y :MI[ [LMGL 2IX7GEPIV JYRGXMSREP QSHYPIW WYGL EW GSQTVIWWMSR GEGLMRK ERH %TTPMGEXMSR
*MVI[EPP EVI STXMQMÎH ERH EGXMZI JSV E KMZIR ETTPMGEXMSR YRMX
%TT)\TIVX XIQTPEXIW GER FI HS[RPSEHIH MQTSVXIH QSHMJMIH ERH I\TSVXIH (S[RPSEH WTIGMJMG
%TT)\TIVX XIQTPEXIW FYMPX SV GIVXMJMIH F] 'MXVM\ JVSQ XLI %TT)\TIVX GSQQYRMX] ;IF WMXI EX
LXXTGSQQYRMX]GMXVM\GSQHMWTPE]RW%TT)\TIVX8IQTPEXIW
8LIWI XIQTPEXIW EVI IEWMP] MQTSVXIH MRXS ER] 2IX7GEPIV W]WXIQ VYRRMRK 2IX7GEPIV SV LMKLIV
NYQT WXEVXMRK XLI GSRJMKYVEXMSR ERH HITPS]QIRX TVSGIWW 8IQTPEXIW HIZIPSTIH MRLSYWI GER FI
IEWMP] I\TSVXIH ERH WLEVIH [MXLMR XLI SVKERMÊXMSR SV TSWXIH FEGO XS XLI %TT)\TIVX GSQQYRMX]
;IF WMXI
8LI TYFPMG IRHTSMRXW ERH FEGOIRH WIVZMGI MRJSVQEXMSR EVI X[S GVYGMEP TMIGIW SJ MRJSVQEXMSR [LIR
GSRJMKYVMRK %TT)\TIVX XIQTPEXIW
9WMRK XLI %TTPMGEXMSR -RXIVJEGI

8LI MRXIVJEGI JSV %TT)\TIVX XIQTPEXIW EPPS[W ]SY XS WII XLI JSPPS[MRK MRJSVQEXMSR F] ETTPMGEXMSR
GSQTSRIRX ERH 2IX7GEPIV QSHYPI
y ;LMGL MRHMZMHYEP 2IX7GEPIV JIEXYVIW EVI GSRJMKYVIH JSV ER ETTPMGEXMSR
y ;LMGL JIEXYVIW EVI MREGXMZI FYX EZEMPEFPI JSV GSRJMKYVEXMSR JSV ER ETTPMGEXMSR
=SY GER YWI XLI 'SRJMKYVEXMSR 9XMPMX] XS GVIEXI ERH EGXMZEXI TSPMGMIW MR IEGL JIEXYVI SV HIEGXMZEXI
MRHMZMHYEP TSPMGMIW JSV ER ETTPMGEXMSR %ZEMPEFPI EGXMZMXMIW VIPEXIH XS %TT)\TIVX XIQTPEXIW MRGPYHI
y (S[RPSEHMRK ER ETTPMGEXMSR XIQTPEXI JVSQ XLI %TT)\TIVX GSQQYRMX] ;IF WMXI
y -QTSVXMRK ER %TT)\TIVX XIQTPEXI
y 'VIEXMRK ER ETTPMGEXMSR
y 'VIEXMRK ETTPMGEXMSR YRMXW
y 'SRJMKYVMRK FEGOIRH WIVZMGIW
y 'SRJMKYVMRK TYFPMG IRHTSMRXW
y 1SHMJ]MRK XLI I\TVIWWMSR SJ ER ETTPMGEXMSR YRMX
y 'LERKMRK XLI SVHIV SJ ETTPMGEXMSR YRMXW
y %TTP]MRK JIEXYVIW
y )\TSVXMRK ER ETTPMGEXMSR EW E XIQTPEXI
y :MI[MRK WXEXMWXMGW
y :MI[MRK XLI ZMWYEPMÎV
%TTPMGEXMSRW 4ERI
%TT)\TIVX XIQTPEXIW RSX XS FI GSRJYWIH [MXL IRXMX] XIQTPEXIW EVI JSYRH YRHIV XLI %TT)\TIVX
RSHI 8LI JMKYVI MPPYWXVEXIW XLI X[S QIRY MXIQW EZEMPEFPI MR XLI %TT)\TIVX %TTPMGEXMSRW TERI
y %TTPMGEXMSR REQIW
y %TTPMGEXMSR YRMXW
=SY GER TIVJSVQ XLI JSPPS[MRK XEWOW MR XLI %TTPMGEXMSRW TERI JSV XLI 2IX7GEPIV W]WXIQ
y 'VIEXI E RI[ ETTPMGEXMSR SR XLI 2IX7GEPIV W]WXIQ
y 6IQSZI ER ETTPMGEXMSR JVSQ XLI 2IX7GEPIV W]WXIQ
y -QTSVX ER %TT)\TIVX XIQTPEXI XS FI YWIH [MXL XLI 2IX7GEPIV W]WXIQ
y )\TSVX ER ETTPMGEXMSR MRXS ER %TT)\TIVX XIQTPEXI GSRJMKYVEXMSR XS YWI SR SXLIV 2IX7GEPIV
W]WXIQW
y :MI[ WXEXMWXMGW JSV XLI ETTPMGEXMSR SV GSVVIWTSRHMRK ETTPMGEXMSR YRMXW
y 9WI XLI ZMWYEPMÎV XS ZMI[ E KVETLMGEP VITVIWIRXEXMSR SJ XLI ETTPMGEXMSR
%TTPMGEXMSRW 4ERI %TTPMGEXMSR 9RMXW
%TTPMGEXMSR YRMXW HIWGVMFI XLI GSRXIRX XLEX ]SY QE] [ERX XS STXMQMÎ %W XLI JMKYVI MPPYWXVEXIW XLI
JSPPS[MRK XEWOW GER FI TIVJSVQIH JSV ETTPMGEXMSR YRMXW
y %HH E RI[ ETTPMGEXMSR YRMX XS XLI ETTPMGEXMSR
y 'SRJMKYVI TSPMGMIW JSV GSQTVIWWMSR GEGLMRK VI[VMXI GSRXIRX JMPXIVMRK VIWTSRHIV ERH
%TTPMGEXMSR *MVI[EPP
%TT)\TIVX 8IQTPEXI 7GEPEFMPMX]
=SY GER HIWMKR E YRMUYI ETTPMGEXMSR GSRJMKYVEXMSR I\TSVX MX XS ER ETTPMGEXMSR XIQTPEXI ERH XLIR
MQTSVX MX SR SXLIV 2IX7GEPIV W]WXIQW 8LI JMKYVI WLS[W XLI I\TSVX ERH MQTSVX JYRGXMSRW JSV ER
ETTPMGEXMSR XIQTPEXI
%R I\TSVXIH XIQTPEXI LEW XLI K^ JMPI I\XIRWMSR
4PERRMRK JSV %TTPMGEXMSRW

&IJSVI GVIEXMRK ERH GSRJMKYVMRK E 2IX7GEPIV W]WXIQ JSV ER ETTPMGEXMSR ]SY RIIH XS MHIRXMJ] XLI
[SVOJPS[W SJ MRXIVIWX /I] XIVQMRSPSK] XS KYMHI XLI TPERRMRK TVSGIWW MRGPYHIW ETTPMGEXMSR
[SVOJPS[W EPWS ORS[R EW ETTPMGEXMSR YRMXW [MXLMR XLI 'SRJMKYVEXMSR 9XMPMX] 8LIWI XIVQW EVI YWIH
XS HIJMRI PSKMGEPP] LS[ XLI 2IX7GEPIV W]WXIQ MRXIVJEGIW [MXL E WTIGMJMG ETTPMGEXMSR
8LI GVIEXMSR ERH YWI SJ %TT)\TIVX XIQTPEXIW GER FI HMZMHIH MRXS X[S QENSV XEWOW &SXL XEWOW GER
FI GEVVMIH SYX F] XLI WEQI TIVWSR SV XIEQ MR ER SVKERMÊXMSR
'VIEXI XLI %TT)\TIVX 8LI JMVWX XEWO MW TIVJSVQIH F] ER ETTPMGEXMSR I\TIVX [LS ORS[W XLI
8IQTPEXI ERH %TTPMGEXMSR MRXVMGEGMIW SJ XLI ETTPMGEXMSR MXW [SVOJPS[W ERH XLI STXMQMÊXMSRW
9RMXW XLEX [SYPH FIRIJMX XLI ETTPMGEXMSR 8LMW ORS[PIHKI MW YWIH XS GVIEXI
XLI %TT)\TIVX XIQTPEXI ERH MXW ETTPMGEXMSR YRMXW [SVOJPS[W ERH XS
GSRJMKYVI STXMQMÊXMSR ERH WIGYVMX] TSPMGMIW JSV XLI ETTPMGEXMSR 8LI
VIWYPXMRK XIQTPEXI MW I\TSVXIH TVSZMHMRK E VIYWEFPI %TT)\TIVX
XIQTPEXI XLEX ]SY GER MQTSVX [LIRIZIV E WMQMPEV ETTPMGEXMSR MW
HITPS]IH MR XLI IRZMVSRQIRX
-QTSVX XLI %TT)\TIVX 8LI WIGSRH XEWO MW TIVJSVQIH F] ER EHQMRMWXVEXSV [LS MW
8IQTPEXI VIWTSRWMFPI JSV HITPS]MRK XLI 2IX7GEPIV GSRJMKYVEXMSR SJ ER
ETTPMGEXMSR 8LI EHQMRMWXVEXSV MQTSVXW XLI I\MWXMRK %TT)\TIVX
XIQTPEXI XS XLI 2IX7GEPIV W]WXIQ ERH TVSZMHIW XLI HITPS]QIRX
YRMUYI XS XLI IRZMVSRQIRX WYGL EW XLI -4 EHHVIWWIW ERH TSVXW SJ
TYFPMG IRHTSMRXW ERH FEGOIRH WIVZMGIW 8LMW MQTSVX VIWYPXW MR E
RI[ GSQTPIXIP] GSRJMKYVIH ETTPMGEXMSR XLEX ETTIEVW SR XLI W]WXIQ
=SY GER MJ VIUYMVIH JYVXLIV X[IEO XLI TSPMGMIW SV ETTPMGEXMSR YRMXW
SJ XLI GVIEXIH ETTPMGEXMSR
8IVQMRSPSK]
%TTPMGEXMSR YRMXW HIJMRI E WYFWIX SJ XVEJJMG JSV ER ETTPMGEXMSR JSV [LMGL ]SY EVI MRXIVIWXIH MR
GVIEXMRK TSPMGMIW )\EQTPIW MRGPYHI
y 6ITSVXW
y (SGYQIRXW
y -QEKIW
y 7X]PIWLIIXW
y ;IF 7IVZMGIW
y 4SVXEP 4EKIW
8LI HIJMRMXMSR SJ ETTPMGEXMSR YRMXW WLSYPH FI VIUYIWX FEWIH FIGEYWI XLI I\TVIWWMSRW EVI FYMPX YTSR
VIUYIWXFEWIH VYPIW
1IXLSHSPSK]
8LI QIXLSHSPSK] FILMRH HITPS]MRK E 2IX7GEPIV GSRJMKYVEXMSR JSV ER ETTPMGEXMSR VIUYMVIW X[S WXITW
-HIRXMJMGEXMSR SJ ETTPMGEXMSR [SVOJPS[W SJ MRXIVIWX EGGSVHMRK XS XLI X]TI SJ GSRXIRX XLI]
KIRIVEXI JVSQ WIVZIV XS GPMIRX
'VIEXMSR SJ ETTPMGEXMSR YRMXW FEWIH SR XLI MHIRXMJMIH [SVOJPS[W HIJMRMRK WTIGMJMG VYPIW XLEX
EPPS[ XLI 2IX7GEPIV W]WXIQ XS VIGSKRMÎ IEGL [SVOJPS[
(YVMRK XLI TVSGIWW SJ GVIEXMRK ER ETTPMGEXMSR MR XLI 2IX7GEPIV W]WXIQ ]SY GER IRXIV XLI I\TVIWWMSR
SJ XLI VYPI XS MHIRXMJ] IEGL ETTPMGEXMSR YRMX [SVOJPS[ =SY GER GSRJMKYVI TSPMGMIW JSV JIEXYVIW
WYGL EW GSQTVIWWMSR GEGLMRK VI[VMXI JMPXIVMRK VIWTSRHIV ERH %TTPMGEXMSR *MVI[EPP XLEX TIVXEMR XS
XLMW ETTPMGEXMSR
;LEX MW GLSWIR EW ER ETTPMGEXMSR YRMX F] XLI ETTPMGEXMSR I\TIVX HITIRHW SR [LEX RIIHW XS FI
STXMQMÎH *SV MRWXERGI MJ XLI ETTPMGEXMSR I\TIVX HIXIVQMRIW XLEX GSQTVIWWMRK EPP ;SVH HSGYQIRXW
[MPP FIRIJMX XLI ETTPMGEXMSR XLIR XLI I\TIVX GER GVIEXI ER ETTPMGEXMSR YRMX GEPPIH ;SVH HSGYQIRXW
[MXL E VYPI XLEX MHIRXMJMIW XLI VIUYIWXW SJ XLMW [SVOJPS[ JSV I\EQTPI 960 GSRXEMRW wHSGx
-X MW FIRIJMGMEP XS MHIRXMJ] ETTPMGEXMSR YRMXW F] [LMGL SRI GER GSRJMKYVI QYPXMTPI JIEXYVIW 8LMW
EGXMSR WXVIEQPMRIW XLI ETTPMGEXMSR HIJMRMXMSR F] VIHYGMRK XLI RYQFIV SJ ETTPMGEXMSR YRMXW RIIHIH MR
ER ETTPMGEXMSR
-HIRXMJ]MRK ERH TPERRMRK XLI [SVOJPS[W SJ ER ETTPMGEXMSR ERH XLI STXMQMÊXMSR TSPMGMIW XLEX GER FI
ETTPMIH XS IEGL MW XLI QEMR XEWO SJ XLI ETTPMGEXMSR I\TIVX ERH VIUYMVIW ORS[PIHKI SJ XLI ETTPMGEXMSR
MR SVHIV XS STXMQMÎ FIRIJMXW SJ XLI JIEXYVI

8LI JSPPS[MRK XEFPI TVSZMHIW ER I\EQTPI SJ XLI 7LEVI4SMRX ETTPMGEXMSR FVSOIR HS[R F] [SVOJPS[
XLI [SVOJPS[ GLEVEGXIVMÊXMSRW ERH XLI GSQTSRIRXW SJ XLI [SVOJPS[
8LI [SVOJPS[W EVI FVSOIR MRXS KIRIVEP GEXIKSVMIW WYGL EW HSGYQIRX QEREKIQIRX ERH TSVXEP
QEREKIQIRX 8LI GSRXIRX MW MHIRXMJMIH F] WTIGMJMG JMPI X]TIW WYGL EW HSG ERH EWT JMPI X]TIW MR XLI
GSQTSRIRXW GSPYQR 8LIWI JMPI X]TIW GER FI YWIH XS FYMPH ETTPMGEXMSR YRMXW
;SVOJPS[ 'LEVEGXIVMÎH &] 'SQTSRIRXW

(SGYQIRX 1EREKIQIRX (SGYQIRX 7LEVMRK
7XSVEKI HSG HSG\ TTX TTX\ HSX
17 3JJMGI (SGYQIRXW 6ITSVXW HSX\ HSGQ HSXQ VXJ X\X
7TVIEHWLIIX *SVQW [TW TSX TSX\ TTXQ TSXQ
XLQ\ TTW\ TTWQ TTW
TTEQ THJ GWZ TVR \WR \PW
\WP\ \PX \PX\ \PWF \PWQ
\PXQ HMJ WPO \PEQ \PE
7X]PIW ERH 7GVMTXW 7X]PIWLIIXW .EZEWGVMTX GWW NW
-QEKI 1EREKIQIRX -QEKIW KMJ NTK NTIK XMJ XMJJ FQT

[QJ IQJ TRK
4SVXEP 1EREKIQIRX %742)8 ;IF 4EKIW EWT EWT\ LXQ LXQP QLX
QLXQP \LXQP \QP NWT NWT\
;IF 7IVZMGIW (IJMRMXMSRW ;7(0W ERH ;7-0W #[WHP [WHP #[WMP [WMP \QP
;IF 7IVZMGIW 7GLIQE <7(W \WH

8LI XEFPI MPPYWXVEXIW XEOMRK XLI TPER JSV XLMW I\EQTPI SRI WXIT JYVXLIV -R XLMW I\EQTPI EJXIV
MHIRXMJ]MRK XLI GSRXIRX [SVOJPS[W SV TIVXMRIRX GSRXIRX E 2IX7GEPIV EHQMRMWXVEXSV HIXIVQMRIW [LEX
TSPMGMIW GER FI ETTPMIH XS STXMQMÎ XLI ETTPMGEXMSR 7SQI SJ XLMW HIXIVQMREXMSR MW FEWIH SR KIRIVEP
2IX7GEPIV FIWX TVEGXMGIW WSQI MW FEWIH SR ETTPMGEXMSRWTIGMJMG FIWX TVEGXMGIW ERH WSQI MW FEWIH SR
MRXIVREP SVKERMÊXMSREP TVIJIVIRGIW
*SV I\EQTPI
y (SGYQIRXW GER FI GSQTVIWWIH ERH GEGLIH
y -QEKIW GER FI GEGLIH FYX RSX GSQTVIWWIH
y 4SVXEP TEKIW WLSYPH RSX FI GSQTVIWWIH SV GEGLIH
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KVSYTW FIJSVI GSRJMKYVMRK ER ETTPMGEXMSR
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SR
(SGYQIRXW < <
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8LI SVHIV SJ XLI XEWOW RIGIWWEV] JSV HITPS]MRK ER ETTPMGEXMSR ZEVMIW HITIRHMRK SR [LIXLIV XLI
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XLI KIRIVMG STXMQMÊXMSRW *VSQ XLIVI ]SY MQTSVX XLI XIQTPEXI GSRJMKYVI XLI TYFPMG IRHTSMRXW ERH
FEGOIRH WIVZMGIW ERH QEOI ER] HIWMVIH GYWXSQMÊXMSRW XS XLI JIEXYVI VYPIW
*SV GYWXSQ ETTPMGEXMSRW E XIQTPEXI QMKLX LEZI FIIR TVITEVIH F] E PSGEP ETTPMGEXMSR I\TIVX -J XLMW
MW XLI GEWI ]SY GER MQTSVX XLEX XIQTPEXI ERH GSRJMKYVI XLI TYFPMG IRHTSMRXW ERH FEGOIRH WIVZMGIW
)ZIR [LIR ]SY GVIEXI ERH GSRJMKYVI ER ETTPMGEXMSR HMVIGXP] SR E 2IX7GEPIV W]WXIQ
[MXLSYX YWMRK ER I\MWXMRK XIQTPEXI E KSSH TVEGXMGI MW XS I\TSVX XLI ETTPMGEXMSR SRGI
GSRJMKYVIH MRXS ER %TT)\TIVX XIQTPEXI 9WI XLEX XIQTPEXI [LIR GSRJMKYVMRK XLI WEQI
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GSRJMKYVEXMSR JVSQ WGVEXGL SR IEGL W]WXIQ
4SPMG]&EWIH 6SYXMRK
9WI GEWIW JSV TSPMG]FEWIH VSYXMRK EVI
y 8VEJJMG SVMKMREXMRK JVSQ HMJJIVIRX RIX[SVO QMKLX RIIH XS FI VSYXIH HMJJIVIRXP] WYGL EW WIPIGXMRK
E HMJJIVIRX RI\X LST
y 7IGYVI SV RSRWIGYVI PMROW JSV HMJJIVIRX X]TIW SJ SVMKMREXMRK XVEJJMG
y 8VEJJMG MWSPEXMSR EGLMIZIH JSV IRZMVSRQIRXW [MXL WLEVIH MRJVEWXVYGXYVI WYGL EW XLSWI YWMRK
HMJJIVIRX VSYXIW JSV HMJJIVIRX ZMVXYEP -4 EHHVIWWIW [SYPH WMQYPEXI WIVZMGI TVSZMHIV QYPXMXIRERX
HITPS]QIRXW
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MRXIVREP MRXVERIX WMXI [LMPI -RXIVRIX XVEJJMG KIXW VSYXIH XS XLI TYFPMG WMXI 8LIWI WMXIW [SYPH I\MWX SR
HMJJIVIRX RIX[SVOW ERH [SYPH RSX FI ZMVXYEP WIVZIVW ERH WIVZMGIW GSRJMKYVIH SR XLI 2IX7GEPIV
W]WXIQ EW XLI 2IX7GEPIV W]WXIQ WYTTPMIW XLI RI\X LST ERH RSX XLI HIWXMREXMSR SJ XLI VIUYIWX
-R QYPXMXIRERG] IRZMVSRQIRXW XLI WEQI -4 EHHVIWWIW QMKLX FI GSRJMKYVIH JSV HMJJIVIRX YWIVW SJ
XLI WEQI ETTPMERGI 8S GSTI [MXL XLIWI GSQTPI\MXMIW YWI TSPMG]FEWIH VSYXMRK XS XVIEX SV VSYXI
XVEJJMG HMJJIVIRXP] FEWIH YTSR XLIMV WSYVGI SV HIWXMREXMSR -4 EHHVIWWIW
4SPMG]&EWIH 6SYXMRK 4EVEQIXIVW

4SPMG]FEWIH VSYXMRK TVSZMHIW E [E] XS WIPIGX XLI RI\X LST FEWIH SR XLI JSPPS[MRK TEVEQIXIVW
y 7SYVGI -4 EHHVIWW
y 7SYVGI TSVX
y (IWXMREXMSR TSVX
y 4VSXSGSP
y :0%2
y -RXIVJEGI
y 1%' EHHVIWW
4SPMG]&EWIH %GXMSR 'SRJMKYVEXMSR

8LI GSRJMKYVEXMSR TVSGIWW JSV TSPMG]FEWIH VSYXMRK MW WMQMPEV XS EGGIWWGSRXVSPPMWX GSRJMKYVEXMSR -J
XLIVI MW ER %003; EGXMSR XLIR XLI RI\X LST MW MRZSOIH -J XLIVI MW E (IR] XLI TEGOIX MW VSYXIH
RSVQEPP]
8LMW JMKYVI WLS[W XLI TVSGIWW JPS[ JSV LS[ TSPMG]FEWIH VSYXMRK MW IZEPYEXIH ERH XLI VIWYPXMRK
EGXMSR 6IWYPXMRK EGXMSRW MRGPYHI GLERKMRK XLI RI\X LST EW GSRJMKYVIH SV VSYXMRK EW RSVQEP
6IZMI[
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E :0%2
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F 8LI 2IX7GEPIV GSQQYRMX] [IF WMXI
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y 7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214
y (EWLFSEVH
y 1SRMXSVMRK XSSP
8LI 2IX7GEPIV W]WXIQ LEW XLI JSPPS[MRK EYHMXMRK ERH PSKKMRK JIEXYVIW
y 7YTTSVX JSV W]WPSK ERH RWPSK EYHMXMRK
y 0SK EGGIWW ERH QEREKIQIRX
3FNIGXMZIW
y 'SRJMKYVI QSRMXSVMRK [MXL 7214Z ERH 7214Z SR XLI 2IX7GEPIV W]WXIQ
y 1SRMXSV XLI 2IX7GEPIV W]WXIQ [MXL XLI (EWLFSEVH
y 1SRMXSV XLI 2IX7GEPIV W]WXIQ [MXL XLI 1SRMXSVMRK XSSP
y 'SRJMKYVI W]WPSK ERH RWPSK PSKKMRK
y %GGIWW ERH QEREKI 2IX7GEPIV PSKW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG 1SHYPI 1EREKIQIRX

7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP
7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214 MW ER ETTPMGEXMSRPE]IV TVSXSGSP XLEX TVSZMHIW E
QIXLSH JSV RIX[SVO HIZMGIW XS GSQQYRMGEXI WXEXYW ERH GSRJMKYVEXMSR MRJSVQEXMSR XS E
QEREKIQIRX WXEXMSR &] HIJEYPX 7214 YWIW 9(4 SR TSVX JSV UYIVMIW ERH TSVX JSV XVETW
=SY GER TIVJSVQ XLI JSPPS[MRK 7214 GSRJMKYVEXMSRW SR XLI 2IX7GEPIV W]WXIQ
y 7TIGMJ] W]WXIQ MRJSVQEXMSR XLEX GER FI HMWTPE]IH YWMRK XLI 2IX7GEPIV 7214 1-&
y 7TIGMJ] 7214 XVETW XLEX XVEGO ZEVMSYW TEVEQIXIVW WYGL EW YWEKI ERH MRXIVJEGI WXEXYW
% 2IX7GEPIV W]WXIQ WYTTSVXW 7214Z 7214Z ERH 7214Z 7214Z ERH 7214 Z YWI E WMQTPI
ERH RSRWIGYVI EYXLIRXMGEXMSR JIEXYVI GEPPIH GSQQYRMX] WXVMRKW 7214Z EHHW WIGYVMX] [MXL
EYXLIRXMGEXMSR TVMZEG] ERH EGGIWW GSRXVSP 7214Z MW RSX E VITPEGIQIRX JSV TVIZMSYW ZIVWMSRW MX
HIJMRIW E WIGYVMX] GETEFMPMX] XS FI YWIH MR GSRNYRGXMSR [MXL 7214Z SV 7214Z
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y 1EREKIH HIZMGIW
y %KIRXW
y 1EREKIVW
y 1EREKIQIRX -RJSVQEXMSR &EWI 1-&
y 'SQQYRMX] 7XVMRKW
y 8VETW
1EREKIH (IZMGIW
1EREKIH HIZMGIW EVI RIX[SVO RSHIW XLEX VIWMHI MR E QEREKIH RIX[SVO 1EREKIH HIZMGIW GSPPIGX ERH
WXSVI QEREKIQIRX MRJSVQEXMSR ERH QEOI XLMW MRJSVQEXMSR EZEMPEFPI XS E RIX[SVO QEREKIQIRX
W]WXIQ 217 YWMRK 7214 1EREKIH HIZMGIW EVI WSQIXMQIW GEPPIH RIX[SVO IPIQIRXW ERH GER FI
VSYXIVW EGGIWW WIVZIVW W[MXGLIW ERH FVMHKIW LYFW GSQTYXIV LSWXW SV TVMRXIVW 8LI 2IX7GEPIV
W]WXIQ MW ER I\EQTPI SJ E QEREKIH HIZMGI
7214 %KIRXW
%KIRXW EVI WSJX[EVI QSHYPIW XLEX VIWMHI SR QEREKIH HIZMGIW %KIRXW PMWXIR SR TSVX JSV VIUYIWX
TEGOIXW JVSQ QEREKIVW ERH VIWTSRH XS VIUYIWXW JSV MRJSVQEXMSR ERH EGXMSRW -R EHHMXMSR XS XLI
TVSXSGSP ERH ETTPMGEXMSR PE]IVW EKIRXW QYWX EPWS GSQQYRMGEXI [MXL XLI STIVEXMRK W]WXIQ OIVRIP
8]TMGEPP] 7214 YWIW 9(4 TSVX JSV XLI EKIRX ERH TSVX JSV XLI QEREKIV GSQQYRMGEXMSRW
8LI QEREKIV QE] WIRH VIUYIWXW JVSQ ER] EZEMPEFPI TSVX WSYVGI TSVX XS TSVX JSV XLI EKIRX
HIWXMREXMSR TSVX 8LI EKIRX VIWTSRWI [MPP FI WIRX FEGO XS XLI WSYVGI TSVX ERH XLI QEREKIV [MPP
VIGIMZI XVETW SR TSVX 8LI EKIRX QE] KIRIVEXI XVETW JVSQ ER] EZEMPEFPI TSVX
1SHYPI 1EREKIQIRX 'ST]VMKLX 'MXVM\ 7]WXIQW -RG

8LI 2IX7GEPIV W]WXIQ EPPS[W XVETW XS FI WIRX XS E HMJJIVIRX TSVX SXLIV XLER MJ RIIHIH
1EREKIVW
1EREKIVW EVI HIZMGIW XLEX TSPP EKIRXW JSV MRJSVQEXMSR 1EREKIVW GER TIVJSVQ E TEWWMZI WXEXMWXMGW
KEXLIVMRK JYRGXMSR SV XLI] GER EXXIQTX XS QEREKI XLI RIX[SVO EGXMZIP] F] WIXXMRK RI[ ZEPYIW MR
VIEH[VMXI ZEVMEFPIW SR WSQI LSWXW
7214Z QEREKIVW TVSKVEQW SR SXLIV WIVZIVW XLEX VIUYIWX 7214 MRJSVQEXMSR JVSQ XLI 2IX7GEPIV
W]WXIQ YWI XLI 271-&WQMZQMF JMPI [LIR TVSGIWWMRK 7214 UYIVMIW 7214Z QEREKIVW YWI XLI
271-&WQMZQMF JMPI
1EREKIQIRX W]WXIQW XIWXIH [MXL XLI 2IX7GEPIV W]WXIQ MRGPYHI

y 3TIR:MI[
y ;LEXW9T +SPH
y 2IX7214 0MRY\
y 1+7SJX ;MRHS[W
1EREKIQIRX -RJSVQEXMSR &EWI

% QEREKIQIRX MRJSVQEXMSR FEWI 1-& MW E GSPPIGXMSR SJ SFNIGXW )EGL SFNIGX MR E 1-& LEW E YRMUYI
SFNIGX MHIRXMJMIV 3-( ERH VITVIWIRXW E TMIGI SJ MRJSVQEXMSR JVSQ ER EKIRX % 1-& MW SVKERMÎH
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GSRXEMRW MXIQW WYGL EW ZMVXYEP WIVZIV GYVVIRX GSRRIGXMSRW ERH XSXEP VIUYIWXWVIWTSRWIW
8LI IRXIVTVMWI VIKMWXIVIH 3-( JSV XLI 2IX7GEPIV W]WXIQ MW
8LI JSPPS[MRK XEFPI TVSZMHIW E PMWX SJ XLI QSWX GSQQSRP] TSPPIH 7214 3-(W
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,% 'YVVIRX 7XEXI
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8LI 2IX7GEPIV W]WXIQ KIRIVEXIW 3-(W JSV REQIFEWIH ZMVXYEP WIVZIVW ERH WIVZMGIW 'YWXSQ -(W EVI
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'SQQYRMX] 7XVMRKW
% GSQQYRMX] WXVMRK MW E X]TI SJ EYXLIRXMGEXMSR XLEX EPPS[W EGGIWW XS QEREKIH HIZMGIW 8LI QEREKIV
ERH EKIRX QYWX FI MR XLI WEQI GSQQYRMX]
-J E QEREKIV WIRHW E VIUYIWX [MXL XLI GSVVIGX GSQQYRMX] WXVMRK XLI HIZMGI VIWTSRHW [MXL XLI
VIUYIWXIH MRJSVQEXMSR MR EGGSVHERGI [MXL XLI EPPS[IH PIZIP SJ EGGIWW JSV XLEX GSQQYRMX] WXVMRK -J
XLI GSQQYRMX] WXVMRK MW MRGSVVIGX XLI HIZMGI WMQTP] HMWGEVHW XLI VIUYIWX ERH HSIW RSX VIWTSRH
'SQQYRMX] WXVMRK X]TIW MRGPYHI
y 6IEHSRP] GSQQYRMX] WXVMRK
y 6IEH[VMXI GSQQYRMX] WXVMRK
y 8VET GSQQYRMX] WXVMRK
8LI HIJEYPX GSQQYRMX] WXVMRK SR XLI 2IX7GEPIV W]WXIQ MW TYFPMG 8LI HIJEYPX GSQQYRMX] WXVMRK
WLSYPH FI GLERKIH XS VIEHSRP] VIEH[VMXI SV XVET
8VETW
8LI SRP] X]TI SJ GSQQYRMGEXMSR MRMXMEXIH JVSQ XLI EKIRX XS XLI QEREKIV MW E XVET % XVET MW ER
EPIVX SV EYXSJMVI IZIRX WIRX [LIR WSQI IZIRX SV XLVIWLSPH MW VIEGLIH % XVET XLEX MW WYTTSVXIH F]
EPQSWX EPP 7214 EKIRXW MW XLI %YXLIRXMGEXMSR XVET 8LMW EPIVX MW VEMWIH [LIRIZIV ER YRORS[R
QEREKIV EXXIQTXW E UYIV] SR XLI EKIRX 8LI 2IX7GEPIV W]WXIQ WYTTSVXW 7214Z ERH 7214Z
XVETW FYX RSX 7214Z XVETW
%PP 7214 XVETW EVI PSKKIH MR W]WPSK

'SRJMKYVMRK 7214Z ERH 7214Z
=SY GER YWI XLI JSPPS[MRK TVSGIHYVI XS GSRJMKYVI 7214Z ERH 7214Z SR XLI 2IX7GEPIV W]WXIQ
7IX EGGIWW TVMZMPIKIW JSV XLI RIX[SVO QEREKIQIRX ETTPMGEXMSR F] GSRJMKYVMRK E QEREKIV
'SRJMKYVI E QEREKIV F] WTIGMJ]MRK XLI -4 EHHVIWW ERH WYFRIX QEWO
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 7]WXIQ " 7214 RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WRQT QEREKIV -4%HHVIWW?RIXQEWO RIXQEWO
7IX EGGIWW TVMZMPIKIW JSV XLI RIX[SVO QEREKIQIRX ETTPMGEXMSR YWIV F] GSRJMKYVMRK XLI
GSQQYRMX] WXVMRK
'SRJMKYVI XLI GSQQYRMX] WXVMRK F] WTIGMJ]MRK XLI 7214 GSQQYRMX] WXVMRK ERH TIVQMWWMSRW

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WRQT GSQQYRMX] GSQQYRMX]2EQI TIVQMWWMSRW
7IX XLI 1-& ZEVMEFPI F] WTIGMJ]MRK XLI GSRXEGX REQI PSGEXMSR ERH GYWXSQ -(

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WRQT QMF ?GSRXEGX WXVMRKA ?
REQI WXVMRKA ?PSGEXMSR WXVMRKA ?
GYWXSQ-( WXVMRKA
'SRJMKYVI E XVET F] WTIGMJ]MRK

y 8VET X]TI
y 8VET ZIVWMSR
y (IWXMREXMSR TSVX

y 7SYVGI -4 EHHVIWW
y 1MRMQYQ WIZIVMX] XLMW MW SRP] ETTPMGEFPI XS 2IX7GEPIVWTIGMJMG XVETW
y 'SQQYRMX] REQI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WRQT XVET 8VET'PEWW 8VET(IWXMREXMSR ?
ZIVWMSR : ` : A HIWX4SVX TSVX
GSQQYRMX]2EQI WXVMRK ?WVG-4 -4%HHVIWWA
WIZIVMX] WIZIVMX]
7IX E XVET XLVIWLSPH

'SRJMKYVI ER EPEVQ F] IREFPMRK XLI EPEVQ ERH WTIGMJ]MRK XLI WIZIVMX] PIZIP ERH GYVVIRX WXEXI SJ
XLI EPEVQ

PSGEXMSR
'SQQERHPMRI W]RXE\
WIX WRQT EPEVQ 8VET2EQI ?
WXEXI )2%&0)( ` (-7%&0)(A
'SRJMKYVMRK 7214 1EREKIVW

=SY GER GSRJMKYVI YT XS QEREKIVW SR E 2IX7GEPIV W]WXIQ -J RS 7214 QEREKIV MW GSRJMKYVIH
XLI 2IX7GEPIV W]WXIQ EGGITXW ERH VIWTSRHW XS 7214 UYIVMIW JVSQ EPP -4 EHHVIWWIW SR XLI RIX[SVO
-J SRI SV QSVI 7214 QEREKIVW EVI GSRJMKYVIH XLIR XLI 2IX7GEPIV W]WXIQ EGGITXW ERH VIWTSRHW XS
SRP] 7214 UYIVMIW JVSQ XLSWI WTIGMJMG -4 EHHVIWWIW
%HH E QEREKIV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI -4 EHHVIWW ERH WYFRIX QEWO
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 7]WXIQ RSHI

PSGEXMSR

'SQQERHPMRI W]RXE\
EHH WRQT QEREKIV -4%HHVIWW ?
RIXQEWO RIXQEWOA
:MI[ HIXEMPW JSV XLI QEREKIV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI -4 EHHVIWW ERH WYFRIX
QEWO

PSGEXMSR
'SQQERHPMRI W]RXE\
WLS[ WRQT QEREKIV -4%HHVIWW ?
RIXQEWO RIXQEWOA
'SRJMKYVMRK 1-& 7]WXIQ :EVMEFPIW

% QEREKIQIRX MRJSVQEXMSR FEWI 1-& VITVIWIRXW XLI WIX SJ ZEPYIW XLEX GER FI VIUYIWXIH JVSQ E
TEVXMGYPEV EKIRX )EGL RIX[SVO HIZMGI QE] LEZI MXW S[R 1-& XLEX MRGPYHIW XLI X]TIW SJ MRJSVQEXMSR
ETTVSTVMEXI XS XLI HIZMGI *SV I\EQTPI E JMVI[EPP LEW HMJJIVIRX ZEPYIW XLER E PE]IV W[MXGL
7LS[ ERH WIX XLI 7214 1-& SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI GSRXEGX TIVWSR W]WXIQ
REQI TL]WMGEP PSGEXMSR SJ XLI W]WXIQ ERH XLI GYWXSQ -( JSV XLI W]WXIQ

PSGEXMSR
'SQQERHPMRI W]RXE\
WIX WRQT QMF ?GSRXEGX WXVMRKA ?
REQI WXVMRKA ?PSGEXMSR WXVMRKA ?
GYWXSQ-( WXVMRKA
'SRJMKYVMRK 'SQQYRMX] 7XVMRKW

% QE\MQYQ SJ 7214 GSQQYRMXMIW GER FI GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ )EGL
GSQQYRMX] WXVMRK GER FI E QE\MQYQ SJ GLEVEGXIVW 8LI TIVQMWWMSRW EVI
y +)8 [LMGL VIGIMZIW E TMIGI SJ QEREKIQIRX MRJSVQEXMSR
y +)8C2)<8 [LMGL VIXVMIZIW WIUYIRGIW SJ QEREKIQIRX MRJSVQEXMSR
y +)8C&90/ [LMGL MW E JEWXIV [E] XS VIGIMZI WIUYIRGIW SJ QEREKIQIRX MRJSVQEXMSR

y %00 [LMGL IREFPIW EPP EGGIWW TIVQMWWMSRW
%HH E GSQQYRMX] WXVMRK SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI GSQQYRMX] REQI ERH WIXXMRK
XLI TIVQMWWMSR ZEPYIW

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH WRQT GSQQYRMX] 'SQQYRMX]2EQI TIVQMWWMSRW
7214Z ERH 7214Z 'SQQYRMGEXMSR 4VSGIWW

8LI JMKYVI ERH XLI JSPPS[MRK TVSGIWW TVSZMHIW ER SZIVZMI[ SJ XLI 7214Z ERH 7214Z
GSQQYRMGEXMSR TVSGIWW SGGYVVMRK FIX[IIR ER 7214 QEREKIV ERH XLI 2IX7GEPIV W]WXIQ [LMGL MW
XLI QEREKIH HIZMGI VYRRMRK XLI 7214 EKIRX ERH LSYWMRK XLI 1-&
8LI QEREKIV QEOIW E +)8 VIUYIWX XS XLI 2IX7GEPIV W]WXIQ XS VIXVMIZI HEXE
8LI 2IX7GEPIV W]WXIQ ZEPMHEXIW XLI VIUYIWX F] IZEPYEXMRK XLI GSQQYRMX] WXVMRK ERH WSYVGI -4
EHHVIWW SJ XLI QEREKIV
=SY GER GSRJMKYVI YT XS QEREKIVW SR E 2IX7GEPIV W]WXIQ -J RS 7214 QEREKIV MW GSRJMKYVIH
XLI 2IX7GEPIV W]WXIQ EGGITXW ERH VIWTSRHW XS 7214 UYIVMIW JVSQ EPP -4 EHHVIWWIW SR XLI RIX[SVO
-J SRI SV QSVI 7214 QEREKIVW EVI GSRJMKYVIH XLIR XLI 2IX7GEPIV W]WXIQ EGGITXW ERH VIWTSRHW XS
SRP] 7214 UYIVMIW JVSQ XLSWI WTIGMJMG -4 EHHVIWWIW

'SRJMKYVMRK 7214 8VETW
=SY GER GSRJMKYVI X[S X]TIW SJ XVETW SR XLI 2IX7GEPIV W]WXIQ
y +IRIVMG 7214 XVETW WXERHEVH XS EPP 7214IREFPIH HIZMGIW
y 2IX7GEPIV WTIGMJMG XVETW
)EGL SJ XLIWI XVET X]TIW GER FI IREFPIH ERH WIRX XS HMJJIVIRX HIWXMREXMSRW SR E GSRJMKYVEFPI TSVX
8LI EZEMPEFPI KIRIVMG 7214 XVETW MW EYXLIRXMGEXMSR*EMPYVI %R 7214 QEREKIQIRX ETTPMGEXMSR
[MXLSYX EGGIWW TVMZMPIKIW EXXIQTXW XS EGGIWW XLI %TTPMGEXMSR 7[MXGL
%HH ER 7214 XVET SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI -4 EHHVIWW

PSGEXMSR

'SQQERHPMRI W]RXE\
EHH WRQT XVET 8VET'PEWW XVET(IWXMREXMSR ?
ZIVWMSR : ` : A ?WVG-4 -4%HHVIWWA
'SRJMKYVMRK %PEVQW
%PEVQW EVI GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ XS KIRIVEXI E XVET QIWWEKI [LIR ER IZIRX
GSVVIWTSRHMRK XS ER EPEVQ SGGYVW 'SRJMKYVMRK ER EPEVQ GSRWMWXW SJ IREFPMRK XLI EPEVQ ERH WIXXMRK
XLI WIZIVMX] PIZIP EX [LMGL E XVET MW KIRIVEXIH 8LI JMZI EPEVQ WIZIVMX] PIZIPW EVI GVMXMGEP QENSV
QMRSV [EVRMRK ERH MRJSVQEXMSREP % XVET MW WIRX SR X[S IZIRXW
y ;LIR ER IRXMX] FVIEGLIW XLI LMKL XLVIWLSPH XS MRHMGEXI XLI IVVSV GSRHMXMSR
y ;LIR XLI IRXMX] WXEFMPMÎW XS MRHMGEXI E RSVQEP PIZIP
%JXIV ER EPIVX XVET MW WIRX MJ XLI GSYRXIV HVSTW XS XLI RSVQEP PIZIP SV FIPS[ E WIGSRH RSVQEP XVET MW
WIRX -J QSVI XLER EYXLIRXMGEXMSR XVETW EVI KIRIVEXIH MR E WTER SJ X[IRX] WIGSRHW XLI 2IX7GEPIV
W]WXIQ HSIW RSX KIRIVEXI EHHMXMSREP EYXLIRXMGEXMSR XVETW JSV XLI RI\X WIGSRHW 8LMW FILEZMSV MW
YWIJYP [LIR XLI W]WXIQ MW YRHIV ER 7214 EXXEGO
'SRJMKYVI ER EPEVQ SR XLI 2IX7GEPIV W]WXIQ F] IREFPMRK XLI EPEVQ ERH WTIGMJ]MRK XLI WIZIVMX] PIZIP

PSGEXMSR
'SQQERHPMRI W]RXE\ y )REFPIHMWEFPI ER EPEVQ

WIX WRQT EPEVQ XVET2EQI ?
WXEXI )2%&0)( ` (-7%&0)( A
y 7TIGMJ] XLI WIZIVMX] PIZIP
WIX WRQT EPEVQ XVET2EQI ?
WIZIVMX] WIZIVMX]A

7214Z
7214Z MW FEWIH SR XLI WXVYGXYVI ERH EVGLMXIGXYVI SJ 7214Z ERH 7214Z ERH YWIW XLI WEQI
TVSXSGSP STIVEXMSRW MQTPIQIRXIH F] 7214Z ERH 7214Z 7214Z LS[IZIV IRLERGIW XLI FEWMG
EVGLMXIGXYVI XS MRGSVTSVEXI EHQMRMWXVEXMSR ERH WIGYVMX] GETEFMPMXMIW WYGL EW EYXLSVMÊXMSR EGGIWW
GSRXVSP HEXE MRXIKVMX] GLIGOMRK HEXE SVMKMR ZIVMJMGEXMSR QIWWEKI XMQIPMRIWW GLIGOMRK ERH HEXE
GSRJMHIRXMEPMX]
7214Z GSRJMKYVEXMSR TEGOIXW ZMI[W KVSYTW YWIVW ERH IRKMRI-( EVI WIRX XS XLI 7214 HEIQSR
SR XLI WEQI 9(4 TSVX [MXL WSYVGI RYQFIV -4 EHHVIWW ERH HIWXMREXMSR RYQFIV -4 EHHVIWW SJ
XLI PSSTFEGO EHHVIWW XS HMWXMRKYMWL XLIQ JVSQ TVSXSGSP HEXE YRMXW
7214Z TVSZMHIW WIGYVMX] JIEXYVIW WYGL EW QIWWEKIPIZIP WIGYVMX] ERH EGGIWW GSRXVSP 8S
MQTPIQIRX XLIWI JIEXYVIW 7214Z MRXVSHYGIW XLI JSPPS[MRK QSHIPW
9WIVFEWIH 7IGYVMX] 1SHIP 971 TVSZMHIW QIWWEKIPIZIP WIGYVMX] -X IREFPIW ]SY XS GSRJMKYVI
971 YWIVW ERH WIGYVMX] TEVEQIXIVW EX XLI EKIRX ERH XLI QEREKIV XS
IRWYVI
y (EXE MRXIKVMX] TVSXIGXMRK QIWWEKIW JVSQ FIMRK QSHMJMIH HYVMRK
XVERWQMWWMSR XLVSYKL XLI RIX[SVO
y (EXE SVMKMR ZIVMJMGEXMSR EYXLIRXMGEXMRK XLI YWIV [LS WIRX XLI
QIWWEKI VIUYIWXW
y 1IWWEKI XMQIPMRIWW TVSXIGXMRK EKEMRWX QIWWEKI HIPE]W SV VITPE]W
y (EXE GSRJMHIRXMEPMX] TVSXIGXMRK XLI GSRXIRX SJ QIWWEKIW JVSQ
FIMRK HMWGPSWIH XS YREYXLSVMÎH IRXMXMIW SV MRHMZMHYEPW
:MI[FEWIH %GGIWW 'SRXVSP :%'1 EPPS[W XLI GSRJMKYVEXMSR SJ EGGIWW VMKLXW XS E WTIGMJMG WYFXVII
1SHIP :%'1 SJ XLI 1-& FEWIH SR ZEVMSYW TEVEQIXIVW WYGL EW WIGYVMX] PIZIP
WIGYVMX] QSHIP YWIV REQI ERH ZMI[ X]TI -X IREFPIW XLI
GSRJMKYVEXMSR SJ EKIRXW XS TVSZMHI HMJJIVIRX PIZIPW SJ EGGIWW XS XLI
1-& XS HMJJIVIRX QEREKIVW
7214Z 'SQTSRIRXW
8LI 2IX7GEPIV W]WXIQ WYTTSVXW XLI JSPPS[MRK GSQTSRIRXW XLEX IREFPI ]SY XS MQTPIQIRX XLI WIGYVMX]
JIEXYVIW SJ 7214Z

7214 )RKMRI %R 7214 IRKMRI VIWMHIW MR ER 7214 EKIRX ERH MQTPIQIRXW XLI
JYRGXMSRW JSV WIRHMRK ERH VIGIMZMRK QIWWEKIW EYXLIRXMGEXMRK ERH
IRGV]TXMRKHIGV]TXMRK QIWWEKIW ERH GSRXVSPPMRK EGGIWW XS QEREKIH
SFNIGXW 7214 IRKMRIW EVI YRMUYIP] MHIRXMJMIH YWMRK IRKMRI -(W
8LI 2IX7GEPIV W]WXIQ LEW E YRMUYI IRKMRI -( FEWIH SR XLI 1%'
EHHVIWW SJ XLI PSSTFEGO MRXIVJEGI 8LI IRKMRI -( MW GSRJMKYVEFPI
7214 :MI[W 8LI 7214 ZMI[W VIWXVMGX YWIV EGGIWW XS WTIGMJMG TSVXMSRW SJ XLI 1-&
7214 ZMI[W EVI YWIH XS MQTPIQIRX EGGIWW GSRXVSP
7214 +VSYTW 8LI 7214 KVSYTW EVI PSKMGEP EKKVIKEXMSRW SJ 7214 YWIVW 8LI] EVI
YWIH XS MQTPIQIRX EGGIWW GSRXVSP ERH XS HIJMRI XLI WIGYVMX] PIZIPW
=SY GER GSRJMKYVI ER 7214 KVSYT XS WIX EGGIWW VMKLXW JSV YWIVW
EWWMKRIH XS XLEX KVSYT XLIVIF] VIWXVMGXMRK XLI YWIVW XS WTIGMJMG
ZMI[W
7214 9WIVW 8LI 7214 YWIVW EVI XLI 7214 QEREKIVW XLEX EVI GSRJMKYVIH SR
XLI EKIRX XS EGGIWW XLI 1-& )EGL 7214 YWIV MW EWWMKRIH XS ER
7214 KVSYT 8LIWI IRXMXMIW JYRGXMSR XSKIXLIV XS MQTPIQIRX XLI
7214Z WIGYVMX] JIEXYVIW :MI[W EVI GVIEXIH XS EPPS[ EGGIWW XS
WYFXVIIW SJ XLI 1-& +VSYTW EVI XLIR GVIEXIH [MXL XLI VIUYMVIH
WIGYVMX] PIZIP ERH WIGYVMX] EGGIWW XS XLI HIJMRIH ZMI[W *MREPP] YWIVW
EVI GVIEXIH ERH EWWMKRIH XS XLI KVSYTW
7214 YWIVW KVSYTW ERH ZMI[W EVI TVSTEKEXIH XS XLI
WIGSRHEV] RSHI MR E LMKL EZEMPEFMPMX] TEMV XLI IRKMRI -( MW
RSX

(EWLFSEVH
8LI (EWLFSEVH EPWS VIJIVVIH XS EW XLI 7XEXMWXMGEP 9XMPMX] MW E ;IF FVS[WIVFEWIH ETTPMGEXMSR XLEX
EPPS[W ]SY XS QSRMXSV ERH TPSX XLI VIEPXMQI TIVJSVQERGI SJ XLI 2IX7GEPIV W]WXIQ
=SY GER SFXEMR WMQMPEV WXEXMWXMGEP MRJSVQEXMSR YWMRK XLI WXEX GSQQERH MR XLI GSQQERH
PMRI MRXIVJEGI 6IJIV XS XLI 'MXVM\ 2IX7GEPIV 'SQQERH 6IJIVIRGI +YMHI JSV QSVI
MRJSVQEXMSR EFSYX XLI WXEX GSQQERH
7]WXIQ 6IUYMVIQIRXW 8LI (EWLFSEVH MW E .EZE ETTPIX 8LMW ETTPIX VIUYMVIW ZIVWMSR
C SJ XLI .EZE ETTPIX TPYKMR 6IJIV XS XLI 'MXVM\ ,EVH[EVI
-RWXEPPEXMSR ERH 7IXYT +YMHI JSV TPEXJSVQWTIGMJMG W]WXIQ
VIUYMVIQIRXW
0EYRGLMRK XLI (EWLFSEVH 'PMGO XLI (EWLFSEVH PMRO MR XLI 'SRJMKYVEXMSR 9XMPMX] XS PEYRGL XLI
(EWLFSEVH
7]WXIQ ERH *IEXYVI 'SYRXIVW

8LI (EWLFSEVH QSRMXSVW FSXL W]WXIQ ERH JIEXYVIW GSYRXIVW
7]WXIQ GSYRXIVW MRGPYHI
y '49 YXMPMÊXMSR
y 1IQSV] YXMPMÊXMSR
y 7]WXIQ XLVSYKLTYX
y 7]WXIQ WXEXMWXMGW
y 4VSXSGSP WXEXMWXMGW
y ,MKL EZEMPEFMPMX]
y &VMHKI
y %GGIWW GSRXVSP PMWX
y 2IX[SVO IRXMXMIW
y 7214
y 7]WXIQ PSKW
*IEXYVI GSYRXIVW MRGPYHI
y %YHMX
y %%%
y :42

y 8'4 GSQTVIWWMSR TSPMG]
y 0SEH FEPERGMRK
y 'SRXIRX W[MXGLMRK
y 7IVZMGIW
y ,884 GSQTVIWWMSR
y (IGSQTVIWWMSR
y -RXIKVEXIH GEGLI
'IVXEMR JIEXYVIW EVI HITIRHIRX SR XLI IREFPIH PMGIRWIW
(EWLFSEVH 'SQTSRIRXW
8LI (EWLFSEVH GSQTSRIRXW TVSZMHI ]SY [MXL MRJSVQEXMSR SR XLI LIEPXL ERH WXEXYW SJ XLI 2IX7GEPIV
W]WXIQ
'49 9XMPMÊXMSR 4ERI 8LI '49 9XMPMÊXMSR TERI HMWTPE]W XLI VIEPXMQI '49 YXMPMÊXMSR SJ
XLI W]WXIQ EW E TIVGIRXEKI SJ XLI XSXEP GETEGMX] 8LI GSPSV GSHIW JSV
XLI TERI EVI
y +VIIR [LMGL MRHMGEXIW XLEX XLI '49 YXMPMÊXMSR MW [MXLMR WEJI
PMQMXW
y =IPPS[ [LMGL MRHMGEXIW XLEX XLI '49 YXMPMÊXMSR MW LMKL
y 6IH [LMGL MRHMGEXIW XLEX XLI '49 YXMPMÊXMSR LEW VIEGLIH E
GVMXMGEP PMQMX
1IQSV] 9XMPMÊXMSR 4ERI 8LI 1IQSV] 9XMPMÊXMSR TERI HMWTPE]W XLI VIEPXMQI QIQSV]
YXMPMÊXMSR SJ XLI W]WXIQ ;LMPI XLI HMEP MRHMGEXIW XLI TIVGIRXEKI SJ
XLI QIQSV] YWIH ]SY GER HVEK XLI QSYWI GYVWSV SZIV XLI TERI JSV
ER EFWSPYXI ZEPYI 8LI GSPSV GSHIW JSV XLI TERI EVI
y +VIIR [LMGL MRHMGEXIW XLEX XLI QIQSV] YXMPMÊXMSR MW [MXLMR
WEJI PMQMXW
y =IPPS[ [LMGL MRHMGEXIW XLEX XLI QIQSV] YXMPMÊXMSR MW LMKL
y 6IH [LMGL MRHMGEXIW XLEX XLI QIQSV] YXMPMÊXMSR LEW VIEGLIH E
GVMXMGEP PMQMX
7]WXIQ 8LVSYKLTYX 4ERI 8LI 7]WXIQ 8LVSYKLTYX TERI HMWTPE]W XLVSYKLTYX MR XIVQW SJ
MRGSQMRK ERH SYXKSMRK XVEJJMG

,884 6IUYIWXW TIV 7IGSRH 8LI ,884 6IUYIWX TIV 7IGSRHW TERI MPPYWXVEXIW XLI ,884 VIUYIWXW
4ERI WIVZIH F] XLI W]WXIQ TIV WIGSRH
7]WXIQ 0SK 4ERI 8LI 7]WXIQ 0SK TERI TVSZMHIW E ZMI[ SJ W]WXIQ IZIRXW ERH EPIVXW
XLEX EVI KIRIVEXIH [LIR XLI (EWLFSEVH MW GSRRIGXIH XS XLI W]WXIQ
8LI HEXE MW VIEPXMQI ERH LEW ER YRPMQMXIH LMWXSV] LS[IZIV EPP HEXE
MW PSWX [LIR XLI (EWLFSEVH MW VIWXEVXIH
&YMPXMR 'SQTEVEXMZI 8LI &YMPXMR 'SQTEVEXMZI 'LEVXW TERI QSRMXSVW E FYMPXMR WIX SJ
'LEVX 4ERI GSYRXIVW YWMRK GLEVXW 8LI GLEVXW HITMGX XLI ZEVMEXMSR SJ X[S SV
QSVI GSYRXIVW SZIV XMQI 3TXMSRW JSV ZMI[MRK XLI GLEVXW MRGPYHI
GLEVX X]TI GLEVX ETTIEVERGI PIKIRHW MRHITIRHIRX [MRHS[ ZMI[W
ERH GYWXSQ GLEVXW
+VSYT 1SRMXSVMRK 4ERI 8LI +VSYT 1SRMXSVMRK TERI TVSZMHIW E ZMI[ SJ EPP GSYRXIVW
TIVXEMRMRK XS E JIEXYVI SV TVSXSGSP ERH XLI EFMPMX] XS TPSX ER]
RYQFIV SJ GSYRXIVW SR GYWXSQ GLEVXW &] HIJEYPX XLMW TERI TVSZMHIW
E WRETWLSX SJ XLI W]WXIQ
2EZMKEXMRK XLI (EWLFSEVH

8LI (EWLFSEVH SJJIVW WIZIVEP GPMGOEFPI STXMSRW XLEX EPPS[ MRJSVQEXMSR XS FI ZMI[IH ERH EREP]ÎH MR
E QIERMRKJYP QERRIV

7MRKPI'PMGO 3TXMSRW 8LI EZEMPEFMPMX] SJ WMRKPIGPMGO STXMSRW SR E TERI MW MRHMGEXIH F] XLI
HIJEYPX QSYWI GYVWSV GLERKMRK XS XLI LERH GYVWSV 7MRKPIGPMGO
STXMSRW SR XLI (EWLFSEVH GER VIWYPX MR XLI JSPPS[MRK EGXMSRW
HITIRHMRK SR XLI GSRXI\X SV EVIE MR [LMGL XLI] EVI MRZSOIH
MRGPYHMRK XLI PEYRGLMRK SJ XLI
y 'YWXSQ GLEVX [MRHS[ MJ XLI TERI WYTTSVXW XLI 'YWXSQ 'LEVXW
STXMSR
y 'LERKI 'SYRXIV HMEPSK FS\ MJ XLI TERI HSIW RSX WYTTSVX XLI
'YWXSQ 'LEVXW STXMSR
y 0IKIRH :MI[ STXMSR MJ RIMXLIV XLI 'YWXSQ 'LEVXW RSV XLI
'LERKI 'SYRXIV STXMSRW EVI WYTTSVXIH
y 4PSX [MRHS[W JSV WTIGMJMG GSYRXIVW WYGL EW '49 9XMPMÊXMSR
1IQSV] 9XMPMÊXMSR ERH 8LVSYKLTYX
y 7]WXIQ PSK [MRHS[ [MXL GSRXIRXW JVSQ XLI W]WXIQ PSK TERI
8LI GSRXIRXW SJ XLMW TERI EVI YTHEXIH [MXL XLI SXLIV [MRHS[W
6MKLX'PMGO 3TXMSRW 8LI VMKLXGPMGO STXMSR MW EZEMPEFPI JSV TERIW XLEX LEZI E QIRYFEV SV
XLEX WYTTSVX XLI WMRKPIGPMGO STXMSR
8LI %TTPMGEXMSR QIRY HSIW RSX WYTTSVX XLI VMKLXGPMGO
STXMSR -X MW EPWS RSX EZEMPEFPI MR WSQI GEWIW WYGL EW XLI
%HH 'SYRXIVW HMEPSK FS\ JSV XLI 'YWXSQ 'LEVX IZIR
XLSYKL MX LEW E QIRY FEV

(SYFPIGPMGO 3TXMSRW 8LI EZEMPEFMPMX] SJ HSYFPIGPMGO STXMSRW MW RSX MRHMGEXIH F] XLI
GLERKI SJ XLI GYVWSV 8LI TERIW EVI
y *IEXYVI(IZMGI +VSYT
8LI HSYFPIGPMGO STXMSR MW EZEMPEFPI JSV JIEXYVIHIZMGI KVSYTW
8LMW EGXMSR EP[E]W VIWYPXW MR E GSQTEVEXMZI XEFYPEV [MRHS[
PMWXMRK XLI MHIRXMJMGEXMSR TEVEQIXIVW ERH GVMXMGEP WXEXMWXMGEP
TEVEQIXIVW SJ EPP XLI MXIQWIRXMXMIW GSRJMKYVIH YRHIV E KMZIR
JIEXYVIHIZMGI KVSYT 8LI KVSYTW JSV XLMW STXMSR EVI
y 0SEH &EPERGMRK :MVXYEP 7IVZIVW
y 0SEH &EPERGMRK 7IVZMGIW FSYRH XS E PSEH FEPERGMRK ZMVXYEP
WIVZIV
y 7IVZMGIW MRHITIRHIRXFSYRH XS ZMVXYEP WIVZIVW
y 'SRXIRX 7[MXGLMRK ZMVXYEP WIVZIVW
y 8'4 'SQTVIWWMSR 4SPMG]
y -RXIVJEGIW
y :0%2W
y 'YWXSQ 'LEVXW
8LI 'YWXSQ 'LEVXW STXMSR MW EPWS EZEMPEFPI MR XLI 'YWXSQ
'LEVX%HH 'SYRXIVW HMEPSK FS\ =SY GER EHH SV HIPIXI GSYRXIVW
F] HSYFPIGPMGOMRK MX

6ITSVXMRK ERH 1SRMXSVMRK 8SSPW
8LI 2IX7GEPIV W]WXIQ TVSZMHIW X[S XSSPW XLEX TEVWI ERH HMWTPE] XLI HEXE GSRXEMRIH MR XLI W]WPSK JMPI
6ITSVXMRK 8SSP 8LI 6ITSVXMRK XSSP E ;IFFEWIH MRXIVJEGI TVSZMHIW FYMPXMR VITSVXW
XLEX HMWTPE] WXEXMWXMGW GSPPIGXIH F] XLI RWGSPPIGX YXMPMX]
6ITSVXW EPPS[ ]SY XS TPSX ERH QSRMXSV WXEXMWXMGW JSV XLI ZEVMSYW
JYRGXMSREP KVSYTW SZIV E WTIGMJMIH XMQI MRXIVZEP [LMGL EPPS[W JSV
XLI XVSYFPIWLSSXMRK ERH EREP]^MRK SJ XLI FILEZMSV SJ XLI 2IX7GEPIV
W]WXIQ
8LI 6ITSVXMRK XSSP MW EGGIWWIH F] WIPIGXMRK 6ITSVXMRK [LIR PSKKMRK
MR XS XLI 2IX7GEPIV 7]WXIQ
1SRMXSVMRK 8SSP 8LI 2IX7GEPIV +9- TVSZMHIW E FYMPXMR QSRMXSVMRK XSSP XLEX TVSZMHIW
LMWXSVMGEP TIVJSVQERGI HEXE JSV EPP JIEXYVIW SR XLI 2IX7GEPIV W]WXIQ
8LI GLEVXW EVI YTHEXIH IZIV] WIZIR WIGSRHW ERH EVI KIRIVEXIH SR
XLI 2IX7GEPIV W]WXIQ 8LI TIVJSVQERGI GLEVXW EVI
y '49 1IQSV] 9XMPMÊXMSR ERH 7]WXIQ 8LVSYKLTYX
y 4MI
y &EV
8LI 1SRMXSVMRK XSSP MW EGGIWWIH F] GPMGOMRK 1SRMXSVMRK MR XLI

%YHMXMRK ERH 0SKKMRK
%YHMXMRK MW E JIEXYVI XLEX MW EZEMPEFPI SR XLI 2IX7GEPIV W]WXIQ XLEX TVSZMHIW E PSK SJ W]WXIQ IZIRXW
8LI 2IX7GEPIV W]WXIQ EPPS[W ]SY XS GYWXSQMÎ XLI PSKKMRK SJ W]WXIQ IZIRXW EGGSVHMRK XS XLI RIIH SJ
E WMXI )ZIRXW GER FI VIGSVHIH IMXLIV XS JMPIW SR XLI 2IX7GEPIV W]WXIQ SV XS I\XIVREP PSK WIVZIVW 8LI
2IX7GEPIV W]WXIQ WYTTSVXW X[S PSKKMRK JSVQEXW
y 7]WPSK
y 2WPSK
&] HIJEYPX XLI 2IX7GEPIV W]WXIQ VIGSVHW W]WXIQ IZIRXW MR W]WPSK JSVQEX XS ZEVPSKRWPSK YWMRK
PSGEP ERH VIGSVHW 770 :42 IZIRXW XS ZEVPSKRWZTRPSK YWMRK PSGEP 0SKKMRK SJ XLIWI IZIRXW MW
IREFPIH F] HIJEYPX 7]WPSK YWIW 9(4 SZIV TSVX ERH W]WPSK XVEJJMG MW WIRX MR GPIEV XI\X 8LI
2IX7GEPIV OIVRIP GSRXVSPW W]WPSK TVSGIWWMRK 2WPSK MW E TVSTVMIXEV] FMREV] JSVQEX [LMGL VIGSVHW
QSVI HIXEMPIH IZIRX MRJSVQEXMSR XLER XLI W]WPSK JSVQEX 7]WPSK ERH RWPSK IZIRXW GER FI PSKKIH XS
IMXLIV E PSGEP JMPI SR XLI 2IX7GEPIV W]WXIQ SV XS E VIQSXI WIVZIV
7]WPSKGSRJ WLSYPH RSX FI QSHMJMIH

'SRJMKYVMRK ER %YHMXMRK 7IVZIV
%R I\XIVREP RWPSK EYHMX WIVZIV GER VYR IMXLIV XLI 0MRY\ *VII&7( SV ;MRHS[W STIVEXMRK W]WXIQ
8LI EYHMX WIVZIV I\IGYXEFPI MRWXEPPEXMSR JMPIW GER FI IMXLIV GSTMIH JVSQ XLI 2IX7GEPIV TVSHYGX '( SV
HS[RPSEHIH JVSQ XLI JXTRIXWGEPIVGSQ ;IF WMXI
0SGEP PSKKMRK WXMPP SGGYVW SR XLI 2IX7GEPIV W]WXIQ [LIR ER I\XIVREP EYHMX WIVZIV MW
GSRJMKYVIH
'SRJMKYVI ER EYHMX WIVZIV SR XLI 2IX7GEPIV W]WXIQ F] WTIGMJ]MRK XLI JSPPS[MRK

y %YHMX WIVZIV REQI
y %YHMXMRK X]TI
y -4 EHHVIWW SJ XLI I\XIVREP WIVZIV YWIH XS WXSVI EYHMXMRK QIWWEKIW
y 4SVX RYQFIV YWIH JSV GSQQYRMGEXMSR FIX[IIR XLI W]WXIQ ERH XLI I\XIVREP PSKKMRK WIVZIV
y 0IZIP SJ PSKKMRK HIXEMP
y (EXI JSVQEX
y 8MQI ^SRI
y 0SK JEGMPMX] ZEPYI
y 8'4 PSKKMRK
'SRJMKYVEXMSR 9XMPMX] 9RHIV XLI 7]WXIQ " %YHMXMRK RSHI

PSGEXMSR
'SQQERHPMRI W]RXE\
EHH EYHMX PSK%GXMSR REQI 7IVZIV-4%HHVIWW ?
WIVZIV4SVX TSVXA PSKPIZIP 0SK0IZIP ?
HEXI*SVQEX 11((==== ` ((11==== A ?
PSK*EGMPMX] PSK*EGMPMX]A ?
XGT 2SRI ` %00 A ?
XMQI>SRI +18C8-1) ` 03'%0C8-1) A
6ITPEGI PSK%GXMSR [MXL XLI X]TI IMXLIV W]WPSK%GXMSR JSV E W]WPSK EYHMXMRK WIVZIV SV
RWPSK%GXMSR JSV ER RWPSK EYHMXMRK WIVZIV

+PSFEP %YHMXMRK 4EVEQIXIVW
+PSFEP EYHMXMRK TEVEQIXIVW LIPT ]SY PSK EPP XLI WXEXIW ERH WXEXYW MRJSVQEXMSR GSPPIGXIH F] HMJJIVIRX
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y %YHMXMRK X]TI
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ER RWPSK EYHMXMRK WIVZIV

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PSGEXMSR
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% 2IX7GEPIV JIEXYVI XLEX IRGETWYPEXIW XLI IRXMVI 2IX7GEPIV GSRJMKYVEXMSR JSV E WTIGMJMG ETTPMGEXMSR
MRXS E PSKMGEP ZMI[ 3RKSMRK GLERKIW XS GSRJMKYVEXMSR ERH TSPMGMIW GER EPWS FI QEHI JVSQ XLMW ZMI[
%TT)\TIVX 8IQTPEXIW GER FI MQTSVXIH ERH I\TSVXIH IREFPMRK GSQTPIXI 2IX7GEPIV GSRJMKYVEXMSRW XS
FI PSEHIH JSV XLI STXMQMÊXMSR SJ WTIGMJMG ETTPMGEXMSRW
%TT)\TIVX :MWYEP 4SPMG] &YMPHIV

/IITW TSPMG] HIZIPSTQIRX WMQTPI ERH TSPMGMIW WYTTSVXEFPI F] IPMQMREXMRK GSQTPI\ WGVMTXW SV
TVSKVEQW JVSQ EPP 2IX7GEPIV TSPMGMIW
'ST]VMKLX 'MXVM\ 7]WXIQW -RG +PSWWEV]

%TT)\TIVX :MWYEPMÎV
% 2IX7GEPIV JIEXYVI XLEX TVSZMHIW E KVETLMGEP XVIIFEWIH LMIVEVGLMGEP ZMI[ SJ XLI IRXMXMIW WYGL EW
PSEHFEPERGMRK ZMVXYEP WIVZIVW GSRXIRXW[MXGLMRK ZMVXYEP WIVZIVW WIVZMGI TSSPW MRHMZMHYEP WIVZMGIW
ERH LIEPXL GLIGOW
%TTPMGEXMSR 7[MXGL
%R ETTPMERGI XLEX TVSZMHIW [IF ETTPMGEXMSR EGGIPIVEXMSR ERH EHZERGIH PE]IV XVEJJMG
QEREKIQIRX
EYXLIRXMGEXMSR
8LI TVSGIWW SJ HIXIVQMRMRK [LIXLIV WSQISRI SV WSQIXLMRK MW [LS SV [LEX MX MW HIGPEVIH XS FI
%YXLIRXMGEXMSR MW GSQQSRP] EGGSQTPMWLIH YWMRK E PSKSR TEWW[SVH
EYXLIRXMGEXMSR X]TI
8LI QIGLERMWQ YWIH XS TIVJSVQ EYXLIRXMGEXMSR WYGL EW 6%(-97 0(%4 ERH 7EJI;SVH
EYXLSVMÊXMSR
8LI TVSGIWW SJ TVSZMHMRK WSQISRI TIVQMWWMSR XS EGGIWW VIWSYVGIW SR E W]WXIQ SV MR E RIX[SVO
&EHWXSVI
% [IFWMXI XLEX IQYPEXIW E ZYPRIVEFPI SRPMRI WXSVI 8LI WMXI MW ER IHYGEXMSREP XSSP XLEX EPPS[W GPMIRXW
XS I\IGYXI LEGOMRK EXXIQTXW XS HIQSRWXVEXI ZYPRIVEFMPMXMIW
FMRHMRK
%R EWWMKRIH VIPEXMSRWLMT FIX[IIR X[S SFNIGXW MR XLI 2IX7GEPIV STIVEXMRK W]WXIQ *SV I\EQTPI E
TSPMG] QYWX FI FSYRH XS E TVSJMPI MR SVHIV XS XEOI IJJIGX ERH E GIVXMJMGEXI QYWX FI FSYRH XS ER 770
ZMVXYEP WIVZIV MR SVHIV XS WIGYVI XVEJJMG
FVMHKI XEFPIW
% QIXLSH JSV WXSVMRK 1%' EHHVIWWIW ERH XLIMV MRXIVJEGIW SR E 2IX7GEPIV ;LIR E RI[ JVEQI
EVVMZIW XLI W]WXIQ VIJIVW XS XLI FVMHKI XEFPI ERH HIXIVQMRIW [LIXLIV MX RIIHW XS JMPXIV SV FVMHKI XLI
JVEQI
FYJJIV SZIVJPS[
%R ERSQEP] [LIVI E TVSGIWW WXSVIW HEXE MR E FYJJIV SYXWMHI XLI QIQSV] XLI TVSKVEQQIV WIX EWMHI
JSV MX &YJJIV SZIVJPS[W GER FI XVMKKIVIH F] MRTYXW XLEX EVI HIWMKRIH XS I\IGYXI GSHI SV EPXIV XLI
[E] XLI TVSKVEQ STIVEXIW 8LI] EVI XLYW XLI FEWMW SJ QER] WSJX[EVI ZYPRIVEFMPMXMIW ERH GER FI
QEPMGMSYWP] I\TPSMXIH
GEGLI VIHMVIGXMSR
8VERWTEVIRXP] VIHMVIGXW MRFSYRH GEGLIEFPI ,884 VIUYIWXW XS E GEGLI [LMPI VIHMVIGXMRK RSR
GEGLIEFPI SV H]REQMG ,884 VIUYIWXW XS XLI SVMKMR WIVZIV
GEGLMRK
+PSWWEV] 'ST]VMKLX 'MXVM\ 7]WXIQW -RG

7II MRXIKVEXIH GEGLMRK
GIVXMJMGEXI EYXLSVMX] '%

%R IRXMX] XLEX MWWYIW GIVXMJMGEXIW EJXIV ZIVMJ]MRK XLI MHIRXMJ] SJ E WIVZIV 7II 7IGYVI 7SGOIXW 0E]IV
770
GIVXMJMGEXI VIZSGEXMSR PMWX '60

% JMPI WIRX XS E GIVXMJMGEXI EYXLSVMX] XLEX VIUYIWXW XLEX XLI GIVXMJMGEXI EYXLSVMX] WMKR XLI TYFPMG OI] SJ
XLI VIUYIWXMRK WIVZIV [MXL XLI TVMZEXI OI] SJ XLI GIVXMJMGEXI EYXLSVMX] ERH TVSZMHI E RI[ 770
GIVXMJMGEXI 7II 7IGYVI 7SGOIXW 0E]IV 770
GIVXMJMGEXI WMKRMRK VIUYIWX '76

% JMPI WIRX XS E GIVXMJMGEXI EYXLSVMX] XLEX VIUYIWXW XLEX XLI GIVXMJMGEXI EYXLSVMX] WMKR XLI TYFPMG OI] SJ
XLI VIUYIWXMRK WIVZIV [MXL XLI TVMZEXI OI] SJ XLI GIVXMJMGEXI EYXLSVMX] ERH TVSZMHI E RI[ 770
GIVXMJMGEXI 7II 7IGYVI 7SGOIXW 0E]IV 770
'MXVM\ )HKI7MKLX JSV 2IX7GEPIV

%PPS[W JSV [IF ETTPMGEXMSR TIVJSVQERGI QSRMXSVMRK )HKI7MKLX JSV 2IX7GEPIV QSRMXSVW [IF
ETTPMGEXMSRW JVSQ XLI TIVWTIGXMZI SJ XLI GPMIRX TVSZMHMRK VIEPXMQI ERH LMWXSVMG ZMWMFMPMX] MRXS [IF
ETTPMGEXMSR TIVJSVQERGI
'MXVM\ ;%27GEPIV ETTPMERGI

% 'MXVM\ HIZMGI XLEX [LIR YWIH [MXL IMXLIV ERSXLIV ;%27GEPIV ETTPMERGI SV E ;%27GEPIV 'PMIRX
GVIEXIW EGGIPIVEXIH GSRRIGXMSRW XLEX GEYWI ;%2W XS FILEZI PMOI 0%2W
'MXVM\ <IR%TT
% ;MRHS[W ETTPMGEXMSR HIPMZIV] W]WXIQ XLEX QEREKIW ETTPMGEXMSRW MR XLI HEXEGIRXIV ERH HIPMZIVW
XLIQ EW ER SRHIQERH WIVZMGI XS YWIVW ER][LIVI YWMRK ER] HIZMGI
GPMIRX GIVXMJMGEXI
%R STXMSREP WIGYVMX] GSQTSRIRX XLEX GSRXEMRW MRJSVQEXMSR EFSYX E YWIV ERH XLI 770 GPMIRX 7II
7IGYVI 7SGOIXW 0E]IV 770
GPMIRX HIZMGI
%R] LEVH[EVI HIZMGI YWIH XS EGGIWW GSVTSVEXI VIWSYVGIW
GSQQERHPMRI MRXIVJEGI '0-

8LI GLEVEGXIVFEWIH MRXIVJEGI XS XLI 2IX7GEPIV W]WXIQ 8LI 2IX7GEPIV STIVEXMRK W]WXIQ MW FYMPX SR
XLI *VII&7( TPEXJSVQ ERH XLI GSQQERHPMRI MRXIVJEGI MW FYMPX YTSR XLI *VII&7(FEWIH WLIPP
GSQQERH TSPMGMIW
6YPIW XLEX GSRXVSP [LMGL 2IX7GEPIV W]WXIQW YWIVW QE] EGGIWW ERH EHQMRMWXIV
GSQQYRMX] WXVMRK

%R EYXLIRXMGEXMSR ERH EYXLSVMÊXMSR QIXLSH MR 7214 ZIVWMSR ;LIR E QEREKIV EXXIQTXW E
GSRRIGXMSR [MXL ER EKIRX MX TEWWIW E GSQQYRMX] WXVMRK [LMGL HIXIVQMRIW MJ XLI EKIRX VITPMIW XS XLI
UYIV] 7II 7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214
GSQTSYRH I\TVIWWMSR
% X]TI SJ I\TVIWWMSR XLEX MW QEHI YT SJ PSKMGEP GSQFMREXMSRW SJ I\MWXMRK WMQTPI ERH GSQTSYRH
I\TVIWWMSRW 'SQTSYRH I\TVIWWMSRW GSQTEVI XLI VIWYPXW SJ XLI WITEVEXI I\TVIWWMSRW [MXL PSKMGEP
STIVEXSVW XS HIXIVQMRI MJ XLI [LSPI GSQTSYRH I\TVIWWMSR MW XVYI SV JEPWI
GSQTVIWWMSR
%PPS[W JSV XLI VIHYGXMSR MR WMÎ SJ ,884 VIWTSRWIW XS GSQTVIWWMSRE[EVI FVS[WIVW 6IHYGMRK XLI
WMÎ SJ ,884 VIWTSRWIW GER MQTVSZI XLI TIVJSVQERGI SJ RIX[SVOFEWIH ETTPMGEXMSRW
8LI [IFFEWIH KVETLMGEP YWIV MRXIVJEGI +9- YWIH XS GSRJMKYVI ERH EHQMRMWXIV XLI 2IX7GEPIV
W]WXIQ
GSRXIRX JMPXIVMRK
3JJIVW TVSXIGXMSR JSV [IF WMXIW JVSQ QEPMGMSYW EXXEGOW EX XLI GSRXIRX PIZIP ;LIR XLMW JIEXYVI MW
IREFPIH XLI 2IX7GEPIV W]WXIQ MRWTIGXW IZIV] MRGSQMRK VIUYIWX [MXL XLI GSRJMKYVIH VYPIW FEWIH SR
XLI ,884 960W SV LIEHIVW
GSRXIRX W[MXGLMRK
(MVIGXW VIUYIWXW XS WTIGMJMG WIVZIVW FEWIH SR XLI X]TI SJ GSRXIRX VIUYIWXIH
GSSOMI
% TMIGI SJ HEXE XLEX E [IF WIVZIV WIRHW XS E [IF FVS[WIV XS FI WXSVIH MR 6%1 QIQSV] SV XLI LEVH
HMWO SJ XLI PSGEP GSQTYXIV ERH WIRX FEGO XS XLI [IF WIVZIV [MXL IZIV] VIUYIWX XS XLEX [IF
ETTPMGEXMSR ;IF WIVZIVW YWI GSSOMIW XS XVEGO YWIV WIWWMSRW XS MHIRXMJ] YWIVW [LS LEZI TVIZMSYWP]
ZMWMXIH XLI WMXI ERH XS WXSVI YWIV MRJSVQEXMSR EFSYX VIKMWXIVIH YWIVW
GSSOMI MRWIVX TIVWMWXIRGI

% X]TI SJ WIWWMSR TIVWMWXIRGI MR [LMGL XLI 2IX7GEPIV W]WXIQ MRWIVXW ER ,884 GSSOMI MR XLI GPMIRX
VIWTSRWI XLEX MW XLIR YWIH XS HMVIGX WYFWIUYIRX VIUYIWXW JVSQ XLI GPMIRX XS XLI WEQI TL]WMGEP WIVZIV
XLEX LERHPIH XLI MRMXMEP VIUYIWX
GVSWWWMXI WGVMTXMRK
% X]TI SJ GSQTYXIV WIGYVMX] ZYPRIVEFMPMX] X]TMGEPP] JSYRH MR [IF ETTPMGEXMSRW [LMGL EPPS[ GSHI
MRNIGXMSR F] QEPMGMSYW [IF YWIVW MRXS XLI [IF TEKIW ZMI[IH F] SXLIV YWIVW
GYWXSQ PSEH
% PSEH FEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR XLI PSEH GEPGYPEXMSRW QEHI F] PSEH
QSRMXSVW

GYWXSQ WIVZIV -( TIVWMWXIRGI
% TIVWMWXIRGI QIXLSH MR [LMGL XLI 2IX7GEPIV W]WXIQ PSSOW JSV ER IQFIHHIH WIVZIV -( MR E GPMIRX
VIUYIWX ERH XLIR VIHMVIGXW XLI VIUYIWX XS XLI TL]WMGEP WIVZIV XLEX GSVVIWTSRHW XS XLI -(
(EWLFSEVH
% .EZEFEWIH FVS[WIVEGGIWWMFPI ETTPMGEXMSR XLEX EPPS[W EHQMRMWXVEXSVW XS QSRMXSV XLI TIVJSVQERGI
SJ XLI 2IX7GEPIV ETTPMERGI FEWIH SR WXEXMWXMGEP GSYRXIVW 8LIWI GSYRXIVW EVI EPWS HMWTPE]IH
KVETLMGEPP] EW GLEVXW ERH XEFPIW
()*0%8)
%R EPKSVMXLQ XS GSQTVIWW HEXE
HIRMEP SJ WIVZMGI (S7

% KIRIVEP XIVQ JSV ER] SRI SJ XLI QER] EXXEGOW XLEX EVI YWIH MR ER EXXIQTX XS TVIZIRX E WIVZIV
JVSQ TIVJSVQMRK TVSTIVP]
()78-4 TIVWMWXIRGI
% TIVWMWXIRGI QIXLSH YWIH [MXL PMRO PSEH FEPERGMRK
HMEPSK FS\
% WQEPP WXERHEPSRI [MRHS[ MR XLI 'SRJMKYVEXMSR 9XMPMX] XLEX EWOW XLI EHQMRMWXVEXSV E UYIWXMSR SV
TVSQTXW XLI EHQMRMWXVEXSV XS JMPP MR GIVXEMR MRJSVQEXMSR 1SWX GSRJMKYVEXMSR XEWOW MR XLI
'SRJMKYVEXMSR 9XMPMX] EVI TIVJSVQIH XLVSYKL ZEVMSYW HMEPSK FS\IW
HMKMXEP GIVXMJMGEXI
% WQEPP JMPI XLEX GSRXEMRW TYFPMG OI]W ERH XLEX ZIVMJMIW XLI MHIRXMJ] SJ XLI LSPHIV 'IVXMJMGEXIW EVI
MWWYIH F] E GIVXMJMGEXI EYXLSVMX] '%
HMVIGX WIVZIV VIXYVR (76 QSHI

% 2IX7GEPIV HITPS]QIRX WGIREVMS MR [LMGL XLI WIVZIV VIWTSRHW XS GPMIRXW HMVIGXP] YWMRK E VIXYVR
TEXL XLEX HSIW RSX JPS[ XLVSYKL XLI 2IX7GEPIV
HMWXMRKYMWLIH IRGSHMRK VYPIW ()6

% QIXLSH XS IRGSHI E HEXE SFNIGX WYGL EW E GIVXMJMGEXI WS XLEX MX MW HMKMXEPP] WMKRIH SV MXW WMKREXYVI
MW ZIVMJMIH
HMWXVMFYXIH HIRMEP SJ WIVZMGI ((S7

% HIRMEP SJ WIVZMGI (S7 EXXEGO XLEX QEOIW YWI SJ QYPXMTPI GSQTYXIVW XS TIVJSVQ E (S7 EXXEGO 7II
HIRMEP SJ WIVZMGI (S7
(27 QSRMXSV
% X]TI SJ QSRMXSV XLEX TIVJSVQW LIEPXL GLIGOW SR WIVZMGIW F] XIWXMRK XLI WYGGIWW SJ (27 UYIVMIW
I\TVIWWMSR

%R STIVEXMSR XLEX IZEPYEXIW E VIUYIWX SV VIWTSRWI MR SVHIV XS HIXIVQMRI [LEX XS HS [MXL XLEX
VIUYIWX SV VIWTSRWI
I\XIRHIH GSRXIRX ZIVMJMGEXMSR )': QSRMXSV

% X]TI SJ QSRMXSV XLEX QEVOW E WIVZMGI EW 94 FEWIH YTSR [LIXLIV XLI 8'4 GSRRIGXMSR MW EGGITXIH
ERH XLI I\TIGXIH VITP] WXVMRK MW VIGIMZIH
JEMPSZIV
%R IZIRX MR [LMGL XLI TVMQEV] RSHI MR E LMKLEZEMPEFMPMX] TEMV FIGSQIW XLI WIGSRHEV] RSHI ERH
XLI WIGSRHEV] RSHI FIGSQIW XLI TVMQEV] RSHI EW E VIWYPX SJ E JEMPYVI SJ XLI TVMQEV] RSHI
*IHIVEP -RJSVQEXMSR 4VSGIWWMRK 7XERHEVHW *-47

% 97 +SZIVRQIRX WXERHEVH JSV LEVH[EVI TVSXIGXMSR SJ 770 GIVXMJMGEXIW ERH OI]W VIUYMVIH JSV QER]
KSZIVRQIRX GYWXSQIVW 7TIGMEP QSHIPW SJ XLI %GGIWW +EXI[E] ERH 2IX7GEPIV WYTTSVX *-47
QEREKIQIRX SJ 770 GIVXMJMGEXIW ERH OI]W
JMPI XVERWJIV TVSXSGSP *84

% TVSXSGSP YWIH XS XVERWJIV HEXE JVSQ SRI GSQTYXIV XS ERSXLIV SZIV E 8'4-4FEWIH RIX[SVO
'SQQSRP] YWIH XS HS[RPSEH TVSKVEQW ERH SXLIV JMPIW XS ]SYV GSQTYXIV JVSQ SXLIV WIVZIVW
JPEWL QIQSV]
1SYRXIH SR XLI 2IX7GEPIV W]WXIQ EW JPEWL ;LIR E WEZI GSRJMK GSQQERH MW I\IGYXIH XLI VYRRMRK
GSRJMKYVEXMSR MW WEZIH XS XLMW HVMZI
JSVGIH JEMPSZIV
%R EHQMRMWXVEXMZIP] MRMXMEXIH JEMPSZIV SR E RSHI [MXLMR E LMKL EZEMPEFMPMX] TEMV % JSVGIH JEMPSZIV MW
HIWMVIH MJ ER EHQMRMWXVEXSV [ERXW XS XIWX XLEX E LMKLEZEMPEFMPMX] TEMV GSRJMKYVEXMSR MW TIVJSVQMRK
GSVVIGXP] SV MJ ER EHQMRMWXVEXSV RIIHW XS VITPEGI SV YTKVEHI XLI TVMQEV] RSHI 7II LMKL EZEMPEFMPMX]
JSVGIJYP FVS[WMRK
%R EXXEGO XLEX EXXIQTXW XS IRYQIVEXI ERH EGGIWW VIWSYVGIW XLEX EVI RSX VIJIVIRGIH F] XLI
ETTPMGEXMSR FYX EVI WXMPP EGGIWWMFPI
*VII&7(
% 92-< STIVEXMRK W]WXIQ SR [LMGL XLI 2IX7GEPIV STIVEXMRK W]WXIQ VYRW
KPSFEP WIVZIV PSEH FEPERGMRK +70&

% (27FEWIH JIEXYVI XLEX IRWYVIW GPMIRX VIUYIWXW EVI HMVIGXIH XS E FIWX TIVJSVQMRK WMXI EZEMPEFPI MR
E KPSFEP IRXIVTVMWI ERH HMWXVMFYXIH -RXIVRIX IRZMVSRQIRX
+70& WMXI -4 EHHVIWW

9WIH F] XLI WMXIW TEVXMGMTEXMRK MR +70& XS GSQQYRMGEXI MRJSVQEXMSR EFSYX XLI LIEPXL SJ XLI WMXI WS
ER ETTVSTVMEXI PSEH FEPERGMRK HIGMWMSR GER FI QEHI 7II KPSFEP WIVZIV PSEH FEPERGMRK +70&

+>-4
%R EPKSVMXLQ XS GSQTVIWW HEXE
LEVH HMWO
9WIH XS WXSVI PSK HEXE GSVI JMPIW ERH YRYWIH FYMPHW SR XLI 2IX7GEPIV W]WXIQ 8LI ZEV HMVIGXSV]
VITVIWIRXW XLI TL]WMGEP LEVH HMWO
LEWLMRK
% PSEH FEPERGMRK QIXLSH XLEX YWIW E LEWL ZEPYI GEPGYPEXIH FEWIH SR E TEVXMGYPEV EWTIGX SJ XLI GPMIRX
VIUYIWX XS HIXIVQMRI [LIVI XS JSV[EVH XVEJJMG 7II PSEH FEPERGMRK
LIEPXL GLIGO
% TVSFI MR [LMGL XLI WXEXI SJ XLI WIVZMGIW SR E 2IX7GEPIV W]WXIQ MW TIVMSHMGEPP] GLIGOIH 7II PSEH
FEPERGMRK
LMKL EZEMPEFMPMX]
% HITPS]QIRX WGIREVMS MR [LMGL X[S 'MXVM\ 2IX7GEPIV W]WXIQW EVI GSRJMKYVIH XS STIVEXI EW E YRMX
[MXL SRI ETTPMERGI EGXMZIP] EGGITXMRK ERH TVSGIWWMRK XVEJJMG [LMPI XLI SXLIV QSRMXSVW XLI JMVWX
ETTPMERGI -J XLI JMVWX ETTPMERGI UYMXW EGGITXMRK ERH TVSGIWWMRK XVEJJMG XLIR XLI WIGSRH ETTPMERGI
XEOIW SZIV
LMKL EZEMPEFMPMX] ,% QSRMXSV

%R IRXMX] XLEX QSRMXSVW ER MRXIVJEGI ;LIR MX MW IREFPIH SR SRI SJ XLI MRXIVJEGIW ERH XLI WXEXYW SJ
XLI MRXIVJEGI MW (3;2 XLI WXEXI SJ XLI RSHI FIGSQIW 238 94
LSWX JMPI
8LI LSWXW JMPI MW E GSQTYXIV JMPI YWIH F] ER STIVEXMRK W]WXIQ XS QET LSWXREQIW XS -4 EHHVIWWIW
,884 GSQTVIWWMSR
-QTPIQIRXW PSWWPIWW GSQTVIWWMSR XLEX GER FI MRXIVTVIXIH F] TSTYPEV FVS[WIVW 8LI GSQTVIWWMSR
JIEXYVI MW MQTPIQIRXIH EX SVMKMR WMXIW XLEX LEZI ,810 SV SXLIV GSQTVIWWMFPI GSRXIRX XLEX MW IMXLIV
WXEXMGEPP] SV H]REQMGEPP] KIRIVEXIH 7II GSQTVIWWMSR ERH ,]TIVXI\X 8VERWJIV 4VSXSGSP ,884
,884 GSRXIRX JMPXIVMRK

-RWTIGXW XLI ,884 LIEHIVW SJ IEGL MRGSQMRK VIUYIWX EGGSVHMRK XS YWIVGSRJMKYVIH TSPMGMIW ERH
TIVJSVQW XLI WTIGMJMIH EGXMSR [LIR E VIUYIWX QEXGLIW E TSPMG] %GXMSRW MRGPYHI VIWIXXMRK XLI
GSRRIGXMSR HVSTTMRK XLI VIUYIWX SV WIRHMRK ER IVVSV QIWWEKI XS XLI YWIV 7II GSRXIRX JMPXIVMRK
,884 HEXE
8LI TEVX SJ ER ,884 VIUYIWX GSRXEMRMRK XLI MRJSVQEXMSR XLEX XLI YWIV X]TIH MRXS E [IF JSVQ SV
XLI TEVX SJ ER ,884 VIWTSRWI XLEX GSRXEMRW XLI [IF GSRXIRX XLI YWIV VIUYIWXIH 7II ,]TIVXI\X
8VERWJIV 4VSXSGSP ,884
,884 LIEHIV

8LI TEVX SJ ER ,884 GSRRIGXMSR XLEX GSRXEMRW MRJSVQEXMSR EFSYX XLI [IF WIVZIV SV YWIVW FVS[WIV
ERH MW MRXIRHIH XS EWWMWX XLI [IF WIVZIV SV FVS[WIV MR LERHPMRK XLI GSRRIGXMSR ,884 LIEHIVW EVI
XLI QIXEHEXE TSVXMSR SJ ER ,884 VIUYIWX SV VIWTSRWI 7II ,]TIVXI\X 8VERWJIV 4VSXSGSP ,884
,884 QSRMXSV
% X]TI SJ QSRMXSV YWIH XS ZIVMJ] XLI LIEPXL SJ ER ,884 WIVZMGI 7II ,]TIVXI\X 8VERWJIV 4VSXSGSP
,884
,884 VIUYIWX
% VIUYIWX JVSQ E YWIV XS E ;IF WIVZIV VIUYIWXMRK GSRXIRX JVSQ XLI ;IF WIVZIV YWMRK XLI ,884
TVSXSGSP 7II ,]TIVXI\X 8VERWJIV 4VSXSGSP ,884
,884 VIWTSRWI
% VIWTSRWI JVSQ E [IF WIVZIV XS E YWIV WIRHMRK VIUYIWXIH MRJSVQEXMSR XS XLEX YWIV 7II ,]TIVXI\X
,884 XVEJJMG
%R] ,884 GSRRIGXMSR IMXLIV JVSQ E YWIV XS E [IF WIVZIV SV JVSQ E [IF WIVZIV XS E YWIV 7II
,]TIVXI\X 8VERWJIV 4VSXSGSP ,884
,]TIVXI\X 8VERWJIV 4VSXSGSP ,884

% TVSXSGSP JSV WIRHMRK VIUYIWXW ERH VIWTSRWIW FIX[IIR E YWIVW FVS[WIV ERH E [IF WIVZIV
,]TIVXI\X 8VERWJIV 4VSXSGSP 7IGYVI ,8847

% TVSXSGSP JSV WIRHMRK ,884 VIUYIWXW ERH VIWTSRWIW WIGYVIP] FIX[IIR E YWIVW [IF FVS[WIV ERH E
[IF WIVZIV WS XLEX TEGOIXW EVI IRGV]TXIH ERH GERRSX FI VIEH MJ MRXIVGITXIH 7II ,]TIVXI\X 8VERWJIV
4VSXSGSP ,884 ERH 7IGYVI 7SGOIXW 0E]IV 770
MRPMRI QSHI
7II X[SEVQ QSHI
MRXIKVEXIH GEGLMRK
6YPIFEWIH GEGLMRK EPPS[MRK GSQTVIWWIH GSRXIRX XS FI GEGLIH ERH WIVZIH XS EPP GSQTVIWWMSRE[EVI
GPMIRXW [MXLSYX VITIVJSVQMRK XLI GSQTVIWWMSR IZIV] XMQI
MRXIVQIHMEXI GIVXMJMGEXI
% WYFSVHMREXI GIVXMJMGEXI MWWYIH F] E XVYWXIH GIVXMJMGEXI EYXLSVMX] ERH YWIH XS GVIEXI WIVZIV
GIVXMJMGEXIW MR E GIVXMJMGEXI GLEMR 7II 7IGYVI 7SGOIXW 0E]IV 770
-4 7IGYVMX] -47)'
% TVSXSGSP YWIH JSV RIKSXMEXMRK IRGV]TXMSR ERH EYXLIRXMGEXMSR EX XLI -4 PIZIP -47)' EPPS[W
EHQMRMWXVEXSVW XS IRWYVI XLEX EPP TEGOIXW FIX[IIR X[S LSWXW EVI IRGV]TXIH VIKEVHPIWW SJ TEGOIX X]TI
SV TVSXSGSP YWIH MR XVERWQMWWMSR

.EZE
%R 3FNIGX 3VMIRXIH 4VSKVEQQMRK 334 PERKYEKI GVIEXIH 7YR 1MGVSW]WXIQW
.EZEWGVMTX
% HMWXERX GSYWMR SJ .EZE GVIEXIH F] 2IXWGETI -X MW EPWS ER 334 PERKYEKI ,S[IZIV .EZE7GVMTX
GSRXEMRW E QYGL WQEPPIV ERH WMQTPIV WIX SJ GSQQERHW XLER HSIW .EZE
OI]
% WXVMRK SJ FMXW YWIH XS IRGV]TX ERH HIGV]TX QIWWEKIW 7II 7IGYVI 7SGOIXW 0E]IV 770
PE]IVW
7II RIX[SVO PE]IVW
0E]IV QSHI
% QSHI XLEX GSRXVSPW XLI 0E]IV JSV[EVHMRK FVMHKMRK JYRGXMSR 8LMW QSHI IREFPIW E 2IX7GEPIV XS
FVMHKI SV TVSGIWW XLI TEGOIXW XLEX EVI RSX HIWXMRIH JSV MXW 1%' EHHVIWW
0E]IV QSHI
% QSHI XLEX GSRXVSPW XLI 0E]IV JSV[EVHMRK JYRGXMSR 8LMW QSHI IREFPIW E 2IX7GEPIV XS TIVJSVQ E
VSYXI XEFPI PSSOYT ERH JSV[EVH XLI TEGOIXW XLEX EVI RSX HIWXMRIH JSV 2IX7GEPIVS[RIH -4 EHHVIWWIW
PIEWX FERH[MHXL
% PSEH FEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR XLI EQSYRX SJ FERH[MHXL FIMRK HMVIGXIH
XS IEGL WIVZMGI 7II PSEH FEPERGMRK
PIEWX GSRRIGXMSRW
% PSEH FEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR XLI RYQFIV SJ GSRRIGXMSRW XS E WIVZMGI
7II PSEH FEPERGMRK
PIEWX TEGOIXW
% PSEH FEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR XLI VEXI SJ TEGOIX XVEJJMG XS E WIVZMGI 7II
PSEH FEPERGMRK
PIEWX VIWTSRWI XMQI

% PSEH FEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR XLI EZIVEKI VIWTSRWI XMQI SJ IEGL WIVZMGI
7II PSEH FEPERGMRK
PMGIRWI
8LI GSRXVEGXYEP EKVIIQIRX FIX[IIR E GSQTER] ERH 'MXVM\ 7]WXIQW XLEX WTIGMJMIW [LMGL JIEXYVIW GER
FI YWIH SR E 'MXVM\ 2IX7GEPIV W]WXIQ
PMGIRWI OI] JMPI

% JMPI TVSZMHIH F] 'MXVM\ 7]WXIQW XLEX ER EHQMRMWXVEXSV QYWX YTPSEH XS XLI 2IX7GEPIV W]WXIQ XS
IREFPI MX ERH EPP PMGIRWIH JIEXYVIW

PMKLX[IMKLX HMVIGXSV] EGGIWW TVSXSGSP 0(%4
%R ETTPMGEXMSR TVSXSGSP XS EGGIWW MRJSVQEXMSR HMVIGXSVMIW ERH XS UYIV] ERH QSHMJ] HMVIGXSV]
WIVZMGIW VYRRMRK SZIV 8'4-4
PMRO EKKVIKEXMSR
'SQFMRIW SV EKKVIKEXIW XLI HEXE GSQMRK JVSQ QYPXMTPI TSVXW MRXS E WMRKPI LMKLWTIIH PMRO 0MRO
EKKVIKEXMSR MRGVIEWIW XLI GETEGMX] ERH EZEMPEFMPMX] SJ XLI GSQQYRMGEXMSRW GLERRIP FIX[IIR XLI
2IX7GEPIV W]WXIQ ERH SXLIV GSRRIGXIH HIZMGIW
PSEH FEPERGMRK
&EPERGIW RIX[SVO XVEJJMG FIX[IIR WITEVEXI QEREKIH WIVZIVW XLEX WIVZI XLI WEQI ETTPMGEXMSRW SV LSWX
XLI WEQI HEXE
PSEH QSRMXSV
% X]TI SJ QSRMXSV YWIH XS TIVJSVQ GYWXSQ PSEH FEPERGMRK FEWIH SR WIVZIV TEVEQIXIVW WYGL EW '49
YWEKI SV QIQSV] 7II PSEH FEPERGMRK
0SGEP %VIE 2IX[SVO 0%2

8LI RIX[SVO FILMRH XLI JMVI[EPP SV VSYXIV SJ E GSQTER] [LIVI [IF WIVZIVW QEMP WIVZIVW ERH SXLIV
TVSXIGXIH VIWSYVGIW FIPSRKMRK XS XLI GSQTER] EVI PSGEXIH
PSK
3RI SJ E GSPPIGXMSR SJ XI\X JMPIW QEMRXEMRIH F] XLI 2IX7GEPIV STIVEXMRK W]WXIQ XLEX GSRWMWXW SJ
MRJSVQEXMSR EFSYX ZEVMSYW EGXMZMXMIW ERH IZIRXW XLEX SGGYV SR XLEX HIZMGI 0SK JMPIW YWYEPP] GSRXEMR E
WMRKPI PMRI SJ XI\X TIV PSKKIH IZIRX SV EGXMZMX]
1%'FEWIH JSV[EVHMRK 1&*

8LMW QSHI IREFPIW XLI W]WXIQ XS TVSGIWW XVEJJMG QSVI IJJMGMIRXP] ERH EZSMH QYPXMTPIVSYXI SV %64
PSSOYTW [LIR JSV[EVHMRK TEGOIXW FIGEYWI XLI 2IX7GEPIV VIQIQFIVW XLI 1%' EHHVIWW SJ XLI
WSYVGI
QEREKIH HIZMGIW
2IX[SVO RSHIW XLEX VIWMHI MR E QEREKIH RIX[SVO 1EREKIH HIZMGIW GSPPIGX ERH WXSVI QEREKIQIRX
MRJSVQEXMSR ERH QEOI XLMW MRJSVQEXMSR EZEMPEFPI XS XLI RIX[SVO QEREKIQIRX W]WXIQ 217 YWMRK
7214 7II 7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214
QEREKIQIRX MRJSVQEXMSR FEWI 1-&

% GSPPIGXMSR SJ SFNIGXW MR E HEXEFEWI YWIH XS QEREKI IRXMXMIW MR E RIX[SVO 8LI 2IX7GEPIV W]WXIQ
TVSZMHIW E PMWX SJ SZIV E XLSYWERH ZEVMEFPIW MR E 1-& JMPI 7II 7MQTPI 2IX[SVO 1EREKIQIRX
4VSXSGSP 7214
QEREKIV
(IZMGIW XLEX TSPP EKIRXW JSV 7214 MRJSVQEXMSR 1EREKIVW GER TIVJSVQ TEWWMZI WXEXMWXMGWKEXLIVMRK
SV XLI] GER EXXIQTX XS QEREKI XLI RIX[SVO EGXMZIP] F] WIXXMRK RI[ ZEPYIW MR VIEH[VMXI ZEVMEFPIW SR
WSQI LSWXW 7II 7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214

QETTIH -4 1-4 EHHVIWW
%R -4 EHHVIWW EWWMKRIH XS E 2IX7GEPIV W]WXIQ WS XLEX MX GER VIJIV XS XLI WIVZIVW MX TVSXIGXW
QSRMXSV
9WIH F] XLI 2IX7GEPIV W]WXIQ XS GLIGO TIVMSHMGEPP] XLI LIEPXL SJ E WIVZMGI MR SVHIV XS HIXIVQMRI MXW
WXEXI ERH XS QEVO MX EW 94 SV (3;2 EGGSVHMRKP]
1]750
% QYPXM XLVIEHIH QYPXM YWIV 750 HEXEFEWI QEREKIQIRX W]WXIQ (&17 8LI FEWMG TVSKVEQ VYRW
EW E WIVZIV TVSZMHMRK QYPXM YWIV EGGIWW XS E RYQFIV SJ HEXEFEWIW
2IX7GEPIV -4 27-4 EHHVIWW

8LI QEREKIQIRX -4 EHHVIWW EWWMKRIH XS E 2IX7GEPIV W]WXIQ ERH YWIH F] EHQMRMWXVEXSVW XS GSRRIGX
XS XLI ETTPMERGI [LIR GSRJMKYVMRK SV QEREKMRK MX
2IX7GEPIV STIVEXMRK W]WXIQ 2IX7GEPIV 37

8LI *VII&7(FEWIH STIVEXMRK W]WXIQ XLEX VYRW SR EPP ETTPMERGIW MR XLI 'MXVM\ 2IX7GEPIV %TTPMGEXMSR
(IPMZIV] TVSHYGX PMRI
RIX[SVO MRXIVJEGI GSRXVSPPIV

% LEVH[EVI HIZMGI XLEX LERHPIW ER MRXIVJEGI XS E GSQTYXIV RIX[SVO ERH EPPS[W E RIX[SVOGETEFPI
HIZMGI XS EGGIWW XLEX RIX[SVO
RIX[SVO PE]IVW
'EXIKSVMIW XLEX HIJMRI XLI TVSXSGSPW ERH X]TIW SJ XVEJJMG XLEX E RIX[SVO HIZMGI LERHPIW *SV I\EQTPI
E PE]IV HIZMGI LERHPIW -4 XVEJJMG WIRX YWMRK IMXLIV 8'4 SV XLI 9(4 % PE]IV HIZMGI LERHPIW 1%'
EHHVIWW XVEJJMG
RIX[SVO RI[W XVERWJIV TVSXSGSP 2284

%R -RXIVRIX ETTPMGEXMSR TVSXSGSP YWIH TVMQEVMP] XS VIEH ERH TSWX RIXRI[W EVXMGPIW ERH XVERWJIV RI[W
EQSRK RI[W WIVZIVW
RIX[SVO XVEGMRK
% HIFYKMRK XIGLRMUYI XLEX TVSZMHIW EGGIWW XS MRJSVQEXMSR EFSYX QIXLSH MRZSGEXMSRW ERH RIX[SVO
XVEJJMG KIRIVEXIH F] E QEREKIH ETTPMGEXMSR
RSHI
% WMRKPI WIVZIV ETTPMERGI SV HIZMGI [MXLMR E RIX[SVO
RSHI TVSTIVX]
%R EXXVMFYXI SJ E RSHI WYGL EW MXW -4 EHHVIWW LSWXREQI SV HSQEMR
RWPSK

% TVSTVMIX] FMREV] JSVQEX XLEX XLI 2IX7GEPIV W]WXIQ YWIW XS VIGSVH W]WXIQ IZIRXW MR QSVI HIXEMP
XLER MR XLI W]WPSK JSVQEX 7II W]WPSK
RWVSSX
8LI VSSX YWIV [MXL JYPP EHQMRMWXVEXMZI TVMZMPIKIW SR XLI 2IX7GEPIV W]WXIQ
3FNIGX -HIRXMJMIV 3-(

8LI REQI SJ ER SFNIGX MR E 1-& HEXEFEWI 7II 7214
SRIEVQ QSHI
% 2IX7GEPIV HITPS]QIRX WGIREVMS MR [LMGL X[S ETTPMERGIW EVI MRWXEPPIH SR E WMRKPI WYFRIX
IRZMVSRQIRX -R XLMW X]TI SJ HITPS]QIRX XLI GPMIRX QYWX EGGIWW XLI WIVZIVW XLVSYKL E :-4 EHHVIWW
GSRJMKYVIH SR XLI ETTPMERGI 7II ZMVXYEP -4 EHHVIWW :-4
STIVEXSV
8LI TSVXMSR SJ ER I\TVIWWMSR XLEX WTIGMJMIW I\EGXP] [LEX TEVX SJ XLI UYEPMJMIV ER I\TVIWWMSR WLSYPH
I\EQMRI ERH [LEX X]TI SJ MRJSVQEXMSR JSV [LMGL MX WLSYPH PSSO 7II I\TVIWWMSR
TEGOIX
8LI FEWMG YRMX SJ HEXE VSYXIH FIX[IIR ER SVMKMR ERH E HIWXMREXMSR SR E 8'4-4 SV SXLIV TEGOIX
W[MXGLMRK RIX[SVO % TEGOIX GSRXEMRW TEVX SJ E PEVKIV QIWWEKI ERH XLI HIWXMREXMSR EHHVIWW 3R
8'4-4 RIX[SVOW TEGOIXW EVI SJXIR GEPPIH HEXEKVEQW
TEGOIX W[MXGLMRK
% TVSGIWW JSV XVERWQMXXMRK E QIWWEKI JVSQ SRI WIVZIV XS ERSXLIV SR E RIX[SVO F] HMZMHMRK XLI
QIWWEKI MRXS WQEPPIV YRMXW SV TEGOIXW FIJSVI WIRHMRK XLIQ
4EVSW
% RIX[SVO XVEGMRK XSSP YWIH XS IZEPYEXI XLI WIGYVMX] SJ [IF ETTPMGEXMSRW
4IVP 'SQTEXMFPI 6IKYPEV )\TVIWWMSRW 4'6)

% WIX SJ JYRGXMSRW XLEX MQTPIQIRX VIKYPEV I\TVIWWMSR TEXXIVR QEXGLMRK YWMRK XLI WEQI W]RXE\ ERH
WIQERXMGW EW 4IVP 8LI 4'6) PMFVEV] MW JVII IZIR JSV FYMPHMRK GSQQIVGMEP WSJX[EVI
TIVWMWXIRGI KVSYTW
%R EKKVIKEXI SJ ZWIVZIVW ;LIR TIVWMWXIRGI MW WIX SR XLI KVSYT SJ ZWIVZIVW GPMIRX VIUYIWXW EVI
HMVIGXIH XS XLI WEQI WIPIGXIH WIVZIV VIKEVHPIWW SJ [LMGL ZWIVZIV MR XLI KVSYT VIGIMZIW XLI GPMIRX
VIUYIWX
TMRK
% RIX[SVO XSSP YWIH XS XIWX [LIXLIV E TEVXMGYPEV LSWX MW VIEGLEFPI YWMRK ER -4 EHHVIWW 8LI WSYVGI
LSWX WIRHW IGLS VIUYIWX TEGOIXW XS XLI XEVKIX LSWX ERH PMWXIRW JSV IGLS VIWTSRWI VITPMIW 4MRK
IWXMQEXIW XLI VSYRHXVMT XMQI YWYEPP] MR QMPPMWIGSRHW VIGSVHW ER] TEGOIX PSWW ERH TVMRXW E
WXEXMWXMGEP WYQQEV] [LIR JMRMWLIH

TSPMG]
% WIX SJ TEVEQIXIVW GVIEXIH F] XLI W]WXIQ EHQMRMWXVEXSV [LIR GSRJMKYVMRK 2IX7GEPIV XVEJJMG
QEREKIQIRX JIEXYVIW
TSVX
-R VIJIVIRGI XS LEVH[EVI ER MRXIVJEGI SR E WIVZIV XLEX GSRRIGXW XS ERSXLIV WIVZIV SV RIX[SVO
HIZMGI -R VIJIVIRGI XS WSJX[EVI E RYQFIV VITVIWIRXMRK E ZMVXYEP MRTYX PSGEXMSR [LIVI E WIVZIV
TVSKVEQ PMWXIRW JSV GSRRIGXMSRW
TSWX SJJMGI TVSXSGSP ZIVWMSR 434

% GPMIRXWIVZIV TVSXSGSP XLEX IREFPIW ER -RXIVRIX WIVZIV XS VIGIMZI IQEMP ERH WXSVI MX 4VSZMHIW JSV
TIVMSHMGEPP] GLIGOMRK QEMP FS\IW SR XLI WIVZIV ERH HS[RPSEHMRK ER] QEMP
TVIHIJMRIH VSPIW
% WIX SJ TVIGSRJMKYVIH GSQQERH TSPMGIW 8LIWI GSQQERH TSPMGMIW GER FI FSYRH [MXLSYX ER] RIIH
JSV EHHMXMSREP GSRJMKYVEXMSR
TVMSVMX] UYIYMRK
9WIW WIX TSPMGMIW XS TVMSVMXMÎ YWIVW ERH XEWOW WS XLEX XLI 2IX7GEPIV W]WXIQ GER KMZI TVMSVMX] EGGIWW XS
XLI QSWX YVKIRX XEWOW
TVSXSGSP
% WTIGMJMG X]TI SJ GSQQYRMGEXMSR FIX[IIR E WIVZIV ERH GPMIRX SV X[S WIVZIVW SR XLI MRXIVRIX
TYFPMGOI] IRGV]TXMSR
% QIXLSH SJ IRGV]TXMRK QIWWEKIW XLEX TEMVW E TYFPMG OI] ERH E TVMZEXI OI] 1IWWEKIW IRGV]TXIH
[MXL XLI TYFPMG OI] GER FI HIGV]TXIH SRP] YWMRK XLI TVMZEXI OI] -R XYVR QIWWEKIW IRGV]TXIH [MXL
XLI TVMZEXI OI] GER FI HIGV]TXIH SRP] YWMRK XLI TYFPMG OI]
TYFPMGTVMZEXI
% 2IX7GEPIV HITPS]QIRX WGIREVMS MR [LMGL XLI -4 EHHVIWWIW SJ XLI WIVZIVW QEREKIH F] XLI
2IX7GEPIV W]WXIQ EVI LMHHIR 8LMW WGIREVMS MW EGGSQTPMWLIH F] TPEGMRK XLI WIVZIVW SR RSRVSYXEFPI
-4 WYFRIXW
TYFPMGTYFPMG
% 2IX7GEPIV HITPS]QIRX WGIREVMS MR [LMGL XLI WIVZIVW QEREKIH F] XLI 2IX7GEPIV W]WXIQ EVI SR E
TYFPMGP] VSYXEFPI -4 WYFRIX
UYEPMJMIV
8LI TSVXMSR SJ ER I\TVIWWMSR XLEX WTIGMJMIW [LEX MW XS FI I\EQMRIH
6%1 HVMZI

0SGEXMSR SR XLI 2IX7GEPIV W]WXIQ JVSQ [LMGL FMREVMIW EVI I\IGYXIH 8LI 6%1 HVMZI MW QSYRXIH SR
XLI VSSX SV JMPI W]WXIQ 8LI VYRRMRK GSRJMKYVEXMSR JMPIW JSV &7(PIZIP XSSPW EVI YWIH JVSQ XLI IXG
JMPIW]WXIQ VIWMHMRK SR XLI 6%1 HVMZI
VIEHSRP]
% HIJEYPX VSPI XLEX EPPS[W VIEHSRP] EGGIWW XS EPP WLS[ GSQQERHW I\GITX JSV XLI W]WXIQ GSQQERH
KVSYT ERH RWGSRJ WLS[ GSQQERHW
VIKYPEV I\TVIWWMSR
%R I\TVIWWMSR XLEX HIWGVMFIW E WIX SJ WXVMRKW 8LI] EVI YWYEPP] YWIH XS KMZI E GSRGMWI HIWGVMTXMSR SJ E
WIX [MXLSYX LEZMRK XS PMWX EPP IPIQIRXW %PWS GEPPIH E TEXXIVR
6IQSXI %YXLIRXMGEXMSR (MEP -R 9WIV 7IVZMGI 6%(-97

% RIX[SVOMRK TVSXSGSP XLEX TVSZMHIW GIRXVEPMÎH %YXLIRXMGEXMSR %YXLSVMÊXMSR ERH %GGSYRXMRK
%%% QEREKIQIRX JSV GSQTYXIVW XS GSRRIGX ERH YWI E RIX[SVO WIVZMGI
VIQSXI TVSGIHYVI GEPP 64'

% XIGLRSPSK] XLEX EPPS[W SRI TVSKVEQ XS GEYWI E WYFVSYXMRI SV TVSGIHYVI XS I\IGYXI MR E HMJJIVIRX
EHHVIWW WTEGI [MXLMR E RIX[SVO [MXLSYX YRHIVWXERHMRK RIX[SVO HIXEMPW
VIUYIWX
%R MRFSYRH GSRRIGXMSR JVSQ E YWIV XS E [IF WIVZIV
VIWTSRWI
%R SYXFSYRH GSRRIGXMSR JVSQ E [IF WIVZIV XS E YWIV MR VIWTSRWI XS E VIUYIWX WIRX F] XLEX YWIV
VIZIVWI 2%8 62%8

% QIXLSH XLEX E 2IX7GEPIV YWIW XS XVERWPEXI RIX[SVO EHHVIWWIW F] VITPEGMRK XLI WSYVGI -4 EHHVIWWIW
SJ TEGOIXW KIRIVEXIH F] XLI WIVZIVW ERH VITPEGMRK XLIQ [MXL 2%8 -4 EHHVIWWIW 8LI 2%8 -4
EHHVIWWIW MW E TYFPMG -4 EHHVIWWIW
VI[VMXI
%PPS[W KIRIVEP TYVTSWI ,884 LIEHIV QSHMJMGEXMSR ;LIR GSRJMKYVIH XLI VI[VMXI JIEXYVI QSHMJMIW
XLI LIEHIV ERH FSH] WIGXMSRW SJ ER ,884 VIUYIWX SV VIWTSRWI
VSSX GIVXMJMGEXI
%R YRWMKRIH TYFPMG OI] GIVXMJMGEXI SV E WIPJWMKRIH GIVXMJMGEXI XLEX MW TEVX SJ E TYFPMG OI]
MRJVEWXVYGXYVI WGLIQI 7II 7IGYVI 7SGOIXW 0E]IV 770
VSYRH VSFMR
% PSEHFEPERGMRK QIXLSH XLEX HMWXVMFYXIW XVEJJMG FEWIH SR E WIVZIV VSXEXMSR W]WXIQ VIKEVHPIWW SJ
PSEH 7II PSEH FEPERGMRK
VYPIFEWIH TIVWMWXIRGI

% TIVWMWXIRGI QIXLSH MR [LMGL XLI 2IX7GEPIV W]WXIQ IZEPYEXIW E GPMIRX VIUYIWX EKEMRWX E GSRJMKYVIH
VYPI ERH GVIEXIW E TIVWMWXIRX WIWWMSR MJ XLI VIUYIWX MW QEXGLIH
7IGYVI 7LIPP 77,

% TVSXSGSP XLEX EPPS[W E YWIV XS IWXEFPMWL ER IRGV]TXIH WIGYVI GSRRIGXMSR XS E WIVZIV XLVSYKL TSVX

7IGYVI 7SGOIXW 0E]IV 770

% WXERHEVHWFEWIH WIGYVMX] TVSXSGSP JSV IRGV]TXMSR EYXLIRXMGEXMSR ERH QIWWEKI MRXIKVMX] -X MW YWIH
XS WIGYVI XLI GSQQYRMGEXMSRW FIX[IIR X[S W]WXIQW EGVSWW E TYFPMG RIX[SVO EYXLIRXMGEXI XLI X[S
W]WXIQW XS IEGL SXLIV FEWIH SR E WITEVEXI XVYWXIH EYXLSVMX] ERH IRWYVI XLEX GSQQYRMGEXMSRW EVI
RSX XEQTIVIH [MXL 770 WYTTSVXW E [MHI VERKI SJ GMTLIVWYMXIW 8LI QSWX VIGIRX ZIVWMSR SJ 770 MW
8VERWTSVX 0E]IV 7IGYVMX] 807
7IGYVI 7SGOIXW 0E]IV :MVXYEP 4VMZEXI 2IX[SVO 770 :42

% ZMVXYEP TVMZEXI RIX[SVO XLEX STIVEXIW XLVSYKL ER 770 [IF PMRO
WIGYVMX] QSHIP
8LI YRHIVP]MRK VIEWSRMRK YWIH XS TVSXIGX XLI WIGYVMX] SJ E WIVZIV SV ER] SXLIV GSQTYXIV SV
ETTPMERGI SR E RIX[SVO
WIVZIV
% ;IF WIVZIV QEREKIH F] E 2IX7GEPIV
WIVZIVETTPMGEXMSR WXEXI TVSXSGSP 7%74

4VSZMHIW E QIGLERMWQ JSV PSEH FEPERGIVW ERH [SVOPSEH QEREKIQIRX W]WXIQW XS GSQQYRMGEXI MR
FIXXIV [E]W SJ HMWXVMFYXMRK XLI I\MWXMRK [SVOPSEH XS XLI KVSYT QIQFIVW 8LMW QIQS TVSZMHIW
MRJSVQEXMSR JSV XLI -RXIVRIX GSQQYRMX]
WIVZIV GIVXMJMGEXI
% GST] SJ XLI WIVZIV TYFPMG OI] WMKRIH F] XLI TVMZEXI OI] SJ XLI GIVXMJMGEXI EYXLSVMX] GSRXEMRMRK
MRJSVQEXMSR EFSYX XLI WIVZIV XLEX EPPS[W E GPMIRX XS MHIRXMJ] XLI WIVZIV FIJSVI WLEVMRK WIRWMXMZI
MRJSVQEXMSR % WIVZIV GIVXMJMGEXI MW YRMUYI XS E TEVXMGYPEV WIVZIV *5(2 7II 7IGYVI 7SGOIXW 0E]IV
770
WIVZMGI
% W]WXIQ IRXMX] VITVIWIRXMRK XLI X]TI SJ XVEJJMG FIMRK VSYXIH XS E WIVZIV
WIVZMGI [IMKLX
%PPS[W EHQMRMWXVEXSVW XS QEREKI QSVI GPSWIP] PSEH FEPERGMRK HIGMWMSRW 7II PSEH FEPERGMRK
WIWWMSR
% WMRKPI WIX SJ GSRRIGXMSRW FIX[IIR E [IF WMXI ERH E WTIGMJMG YWIV MRGPYHMRK FSXL VIUYIWXW JVSQ XLI
YWIV XS XLI [IF WMXI ERH VIWTSRWIW F] XLI [IF WMXI XS XLI YWIV

WIWWMSR MRMXMEXMSR TVSXSGSP 7-4
%R ETTPMGEXMSRPE]IV WMKREPMRK TVSXSGSP XLEX MW YWIH XS IWXEFPMWL QSHMJ] ERH XIVQMREXI WIWWMSRW
[MXL SRI SV QSVI TEVXMGMTERXW MR E RIX[SVO
WIWWMSR XMQISYX
8LI QE\MQYQ TIVMSH SJ MREGXMZMX] FIJSVI XLI %TTPMGEXMSR *MVI[EPP WXSTW XVEGOMRK E YWIVW WIWWMSR
8LI YWIV QYWX XLIR IWXEFPMWL E RI[ WIWWMSR [MXL XLI TVSXIGXIH WMXI F] EGGIWWMRK E WXEVX 960 FIJSVI
GSRXMRYMRK XLI EGXMZMX]
WMQTPI I\TVIWWMSR
% X]TI SJ I\TVIWWMSR XLEX GSRWMWXW SJ E WMRKPI PSKMGEP GSQTEVMWSR
7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP 7214

% WXERHEVH QIERW SJ VIGIMZMRK MQTSVXERX MRJSVQEXMSR JVSQ E RIX[SVO HIZMGI F] IMXLIV TSPPMRK
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&EWMG %HQMRMWXVEXMSR JSV 'MXVM\

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