BMW Motorrad RiderEquipment 2012 PDF

#.8.
PUPSSBE
3JEF
CNXNPUPSSBEDPN &MQMBDFS
SJEF EFDPOEVDJS
#.8.05033"%3*%&
.9*.03&/%*.*&/50
&/$"%"'*#3"
BUFVOBWFOUBKBVUJMJ[BOEP
% :UºRVFDSFBTRVFFSBѶTPMPѷ (6"/5&4 $"3&
VODBTDP#.8 VOUSBKFEFUVSJTNPEFDVFSPѿ 301"'6/$*0/"- $PODFQUPG"EWBODFE3JEFS&RVJQNFOU
$"4$04:$0.6/*$"$*/ $)"26&5"4:1"/5"-0/&4 $POTUBOUFJOOPWBDJ³OQBSB 0.4*.1035"/5&

-
1SFTUBDJPOFTN¡YJNBT 1SPCBEPTIBTUBFMMNJUFQBSB PGSFDFSN¡TQSPUFDDJ³O %&-"""-";
QFSPTJOFMQSFDJPN¡YJNP HBSBOUJ[BSUVTFHVSJEBE &26*1".*&/50 5"#-"4%&5"--"4
53"+&4 #05"4 %&1305&$$*/
53"+&4%&5&-" $"3&ZBUFODJ³O #0-4"4:.0$)*-"4
53"+&4%&$6&30

&/&3(".6:%&$&3$"
&26*1".*&/50%&1035*701"3"6/3&/%*.*&/50.9*.0
4PCSFUVNPUPSFUBTBMBTGBMUP5FBQBTJPOBOMBTDVSWBT %PVCMF3DPNCJEFDVFSPZCPUBTMBQSPGFTJPOBMJEBE
ZWBTTJFNQSFFOCVTDBEFMUSB[BEPQFSGFDUP1VSB TFTJFOUFFODBEBEFUBMMF$POFMFRVJQBNJFOUPEF
BESFOBMJOB&OFMDJSDVJUPZEFDBNJOPBMNJTNP:MB QPSUJWPEF#.8.PUPSSBEDBEBWJBKFTFDPOWJFSUF
SPQBUJFOFRVFBDPNQB±BSZBTFBFMDBTDP4QPSUPFM FOVOBBWFOUVSBEFQPSUJWB

&-1-"$&3%&$0/%6$*34*/-.*5&4
&26*1".*&/50&/%6301"3""7&/563&304
"UJMBTDBMMFTOPUFMJNJUBO4POVOBPQDJ³O1PSRVF 趌FYJCMFZTPCSFUPEPEPUBEPEFUPEPMPRVFOFDFTJUBT
N¡TBMM¡EFMBTGBMUPUBNCJ©OUFFTQFSBMBEJWFSTJ³O QBSBUVBWFOUVSB"TRVF TBMEFMHBSBKFZBE©OUSBUFFO
%FUPEBTGPSNBTUVFRVJQBNJFOUPEF#.8.PUPSSBE MBEJWFSTJ³O/BEBQPES¡EFUFOFSUF
FTU¡BMBBMUVSBEFDVBMRVJFSUJQPEFUFSSFOPMJHFSPZ

7&45*3-*#&35"%
301"63#"/"%&#.8.05033"%
.POUBSFONPUPFTN¡TRVFVOBTJNQMFGPSNBEF MBWJEBDPUJEJBOBTPCSFUVN¡RVJOB$POFMMBUBNCJ©O
EFTQMB[BSTF$VBMRVJFSTBMJEBUFQSPEVDFBMFHSB TFB QVFEFTEFKBSUFWFSEPOEFRVJFSBTTJOUVNPUP-VFHP
VOBS¡QJEBFYDVSTJ³OFODBSSFUFSBPFTQPOU¡OFBNFOUF UFNPOUBTZBEFMBOUFOPIBZOBEBRVFJNQJEBUVBOTJB
BVODBG©FOFMDFOUSP$POUVWFTUJNFOUBEF EFMJCFSUBE
#.8.PUPSSBEFTU¡TQFSGFDUBNFOUFFRVJQBEPQBSB

$0.1"&305305".6/%04
&26*1".*&/505063%&#.8.05033"%
"UVTQJFT DBSSFUFSBTJOUFSNJOBCMFT$BEBNFUSPZDBEB SFMBDJPOBEBTDPOFMNBMUJFNQPGVODJPOBMJEBEZDPO
DVSWBTPOQVSPQMBDFS$VBOUPN¡TMBSHBTMBTFUBQBT GPSUTJOMNJUFT"EPOEFRVJFSBRVFMMFHVFT DVBMRVJFS
NFKPS5VFRVJQBNJFOUP5PVSEF#.8.PUPSSBEUJFOF DPTBRVFUFFODVFOUSFTQPSFMDBNJOP5FTJFOUFTFO
MBSFTQVFTUBQBSBUPEBTMBTDVFTUJPOFTDMJN¡UJDBTZ DBTBTPCSFUVNPUP&ODVBMRVJFSMVHBS

%"5&6/"7&/5"+"65*-*;"/%0 DPEF#.8)BZEPTUBNB±PTEJTUJOUPTEFDBMPUB 4JFOEPFMQBTRVFIBBDVNVMBEPMBNBZPSDBOUJEBE
6/$"4$0#.8
TFIBOSFEVDJEPDPOTJEFSBCMFNFOUFMPTQFTPTZFM EFWJDUPSJBTFODPNQFUJDJPOFTJOUFSOBDJPOBMFTEF
DBTDPJODPSQPSBMBQSFQBSBDJ³OOFDFTBSJBQBSBFM MPTºMUJNPTB±PT FMFRVJQPBMFN¡ODPPQFSBUFDOP
TJTUFNBEFDPNVOJDBDJ³OEFGPSNBRVFOPJOUFS趋FSB M³HJDBNFOUFDPO#.8QBSBFMEFTBSSPMMPDPOUJOVP
DPOMBDPNPEJEBEEFVUJMJ[BDJ³O EFTVTUSJOFPTEFNBUFSJBMDPNQPTJUFDPOMBBFSPEJ
O¡NJDBN¡TBWBO[BEB1PSMPRVFTFSF趋FSFBMPT
4FQSFTFOUBEFTFSJFDPOVOBQBOUBMMBEPCMFVOB DBTDPT4QPSUZ%PVCMF3RVFVUJMJ[BFMFRVJQP OPIB
JOUFSJPSBOUJWBIPZPUSBFYUFSJPSDPOVOSFDVCSJNJFOUP IBCJEPOJOHVOBNPEJ趋DBDJ³O TBMWPVOEJTF±PFTQF
BOUJBSB±B[PT UBOUPQPSEFOUSPDPNPQPSGVFSB&TUP DJBMEFMFYUFSJPSEFMBDBMPUB
DPNCJOBEPDPOVOBWFOUJMBDJ³OJODSFCMFNFOUF
FGFDUJWB MBDPSSJFOUFEFBJSFTFEJSJHFIBDJBMBQBOUB -PTHPMQFTTPOJOFWJUBCMFTFOFTUFEFQPSUFJOWFSOBM
&-.050$*$-*4.0%&"-5"7&-0$*%"% MMB OPIBDJBMBGSFOUF
DPOWJFSUFMBTQBOUBMMBTFNQB DVZPPCKFUJWPFTIBDFSCBKBSFMUSJOFPJNQVMTBEPQPS
&9*(&6/"$0/$&/53"$*/505"-5"/ ±BEBTFODPTBEFMQBTBEP"EFN¡T UPEBTMBTQBO MBHSBWFEBEFOVOBQJTUBEFIJFMPFTUSFDIB SFUPSDJ
50&/$"33&5&3"$0.0&/$*3$6*50 UBMMBT#.8BCTPSCFOFM EFMBTSBEJBDJPOFT EB QFOEJFOUF UBOS¡QJEPDPNPTFQVFEBFOCVTDB
-04.0503*45"4%&#&/13&45"36/" 67"Z67# EFMBHMPSJBEFMPTDBNQFPOFT:DVBOEPTFQSPEV
"5&/$*/.9*."&/50%0.0.&/50: DFVOJNQBDUP BMHVOPEFMPTNJFNCSPTEFMFRVJQP
5*&/&/26&&9*(*3-0.9*.0"46&26* 5PEPTMPTDPNQPOFOUFTEFMJOUFSJPSEFMDBTDP QVFEFTVGSJSEB±PTFOMBDBCF[B QFSPUBNCJ©OVOB
1".*&/50 &41&$*"-.&/5&"-$"4$0 DPNPFMBDPMDIBNJFOUPEFMBDBCF[B MBTBMNPIBEJ MFTJ³ODFSFCSBM&TUPTFGFDUPTQVFEFOUBNCJ©OQSF
MMBTQBSBMBDBSBZQBSBFMDVFMMP FTU¡OIFDIPTEF TFOUBSTFFOVOBDDJEFOUFEFNPUP
NBUFSJBM)ZESPQMVTRVFEFKBQBTBSMBIVNFEBE MP
1PSFMMPFTTPSQSFOEFOUFRVFBMHVOPTTJHBOVUJMJ[BO
RVFUFBZVEBBNBOUFOFSUFGSFTDPZTFDPJODMVTPFO "GPSUVOBEBNFOUF MPTDBTDPT4QPSUZ%PVCMF3TF
EPDBTDPTRVFTFBKVTUBONBMZRVFBEFN¡TTPO
MBTDPOEJDJPOFTN¡TDBMVSPTBT4POBTJNJTNPUPUBM FODVFOUSBOFOUSFMPTN¡TTFHVSPTQBSBNPUP ZFO
SVJEPTPTZQFTBEPTZEJTQPOFOEFTJTUFNBTEF
NFOUFEFTNPOUBCMFTZMBWBCMFT MPRVFBZVEBB MBTQSVFCBTSFBMJ[BEBTQPSFMFRVJQPBMFN¡OQSPQPS
WFOUJMBDJ³OQPDPF趋DBDFT$VBMRVJFSEJTUSBDDJ³O
NBOUFOFSMJNQJPFMDBTDPEVSBOUFUPEBTVWJEBºUJM DJPOBOMPTNFKPSFTSFTVMUBEPTQBSBBNPSUJHVBS
EFTEFVOWJTPSFNQB±BEPBVOSVJEPFYDFTJWPEFM
JNQBDUPT%FTQV©TEFVOBOVFWBBDUVBDJ³O
WJFOUP DPSSJFOUFTEFBJSFJOWBTJWBTZFMFNFOUPTEF
-BDPSSFBJOUFHSBEBFOFMCBSCPRVFKPSFEVDFFMHJSP EPNJOBOUFFOMBºMUJNB$PQB.VOEJBMEF#PCTMFJHI
TVKFDJ³OJOD³NPEPT QVFEFEJTUSBFSMBBUFODJ³OEF
EFMDBTDPZMPNBOUJFOFFOMBNFKPSQPTJDJ³OQPTJCMF ZDPON¡TNFEBMMBTPMNQJDBTFOTVQPEFSRVF
MBDBSSFUFSB RVFFTEPOEFN¡TTFOFDFTJUB
FOMBDBCF[BEFMNPUPSJTUBFODBTPEFBDDJEFOUF OJOHºOPUSPQBT FMFRVJQPBMFN¡OTFQSFTFOUB
QSPQPSDJPOBOEPMBN¡YJNBQSPUFDDJ³OFYBDUBNFOUF DPNPJNCBUJCMFTPCSFFMIJFMP1PSRV©OP
&O#.8.PUPSSBETBCFNPTBMHPTPCSFD³NPIB
EPOEFN¡TTFOFDFTJUB DPODFEFSUFVOBWFOUBKBTJNJMBSTPCSFEPTSVFEBT
DFSDBTDPTEFNPUPSJTUB%FTEFRVFQSFTFOUBNPT
VUJMJ[BOEPVODBTDP4QPSUP%PVCMF3EJTF±BEP
OVFTUSPQSJNFSDBTDP4ZTUFNIBDFN¡TEFUSFT
1PSMPRVFTFSF趋FSFBMPTTJTUFNBTEFDJFSSF FM QPS#.8.PUPSSBEQBSBJSBBMUBWFMPDJEBE
EFDFOJPT IFNPTEFTBSSPMMBEP EJTF±BEP QSPCBEPZ
DBTDP4QPSUVUJMJ[BFMQPQVMBSDJFSSFBQSFTJ³OQBSBFM
WFOEJEPDBTDPTTFHVSPTBEFDVBEPTQBSBUPEPUJQP
CBSCPRVFKP NJFOUSBTRVFFM%PVCMF3VUJMJ[BFMTJT
EFVTPFONPUPT EFTEFFMFOEVSPBMBNPUPBWFO
UFNBEFDJFSSFEFBOJMMPEFEPCMF%RVFQSF趋FSFO
UVSB EFTEFFMUVSJTNPBMBTDBSSFSBTFODJSDVJUPF
NVDIPTQJMPUPTEFDBSSFSBT&M%PVCMF3JODPSQPSB
JODMVTPQBSBEFTQMB[BSTFQPSMBDJVEBE
BTJNJTNPVOFTRVFNBEFDPMPSFTNPUPSTQPSUZVO
TQPJMFSEJTF±BEPFTQFDJBMNFOUFQBSBQJMPUPTEFQPS
/VFTUSBDPMFDDJ³OEFDBTDPT4QPSUZ%PVCMF3FTU¡
UJWPTRVFSFGVFS[BMBFTUBCJMJEBEBWFMPDJEBEFTNVZ
IFDIBQBSBVOBEJWFSTJEBEEFVTPT EFTEFFMEFT
BMUBT
QMB[BNJFOUPFODJVEBEBMWJBKFEFUVSJTNPPBMBBMUB
WFMPDJEBEFODJSDVJUP%JTF±BEPTQBSBPGSFDFSVOB
1FSPOPTPMPMPTNPUPSJTUBTTFCFOF趋DJBOEFMBT
FTUBCJMJEBEJODSFCMFBMBWFMPDJEBEN¡YJNB MBDBMPUB
TVQFSJPSFTQSPQJFEBEFTBFSPEJO¡NJDBTZMBTQSFTUB
EFQM¡TUJDPSFGPS[BEPDPO趋CSBEFWJESJPZMBDPSSFB
DJPOFTPGSFDJEBTQPSFTUPTDBTDPT#.8.PUPSSBE
PGSFDFOVOBTFHVSJEBE³QUJNB NJFOUSBTRVFFM
5BNCJ©OMPTVUJMJ[BOMPTFRVJQPTOBDJPOBMFTEF"MF
F趋DB[TJTUFNBEFWFOUJMBDJ³OBZVEBBMNPUPSJTUBB
NBOJBZ4VJ[BQBSBFMEFQPSUFFYUSFNPEFMCPCT
NBOUFOFSMBDBCF[BGSBDVBOEPTFFOGSFOUBBMB
MFJHI EPOEFMBNJOJNJ[BDJ³OEFMBSFTJTUFODJBBMBJSF
D¡MJEBKVOHMBVSCBOBPBMDBMPSEFMBCBUBMMBFOFM
ZMBNBYJNJ[BDJ³OEFMSFOEJNJFOUPBFSPEJO¡NJDPTPO
DJSDVJUP
DMBWFTQBSBFMUSJVOGPFOMBTQJTUBTEFIJFMPEPOEF
MBTWFMPDJEBEFTQVFEFOTFSTVQFSJPSFTBLNIZ
$VBOEPTFFMJHFVODBTDPQBSBJSFONPUP TPOMBT
MPTUSJQVMBOUFTQVFEFOWFSTFTPNFUJEPTBGVFS[BTEF
DPTBTRVFOPTFWFOMBTRVFTVFMFONBSDBSMBWFS
IBTUBHFOBMHVOBTEFMBTDVSWBTN¡TS¡QJEBTF
EBEFSBEJGFSFODJB1PSFKFNQMP MBFYDFMFOUFBFSP
JODMJOBEBT
BDºTUJDBEFMDBTDP4QPSUMPDPOWJFSUFFOVOPEFMPT
JOUFHSBMFTN¡TTJMFODJPTPTEFMNFSDBEPHSBDJBTBVO
FYIBVTUJWPFTUVEJPSFBMJ[BEPFOFMUºOFMBFSPEJO¡NJ

%&$"5)-0/.0%&3/0
%*&;%*4$*1-*/"426&5*&/&26&%0.*/"36/#6&/$"4$0
4&(63*%"% $0/'035
/VFTUSPTDBTDPTOPTPMPDVNQMFODPOMBWJHFOUF 4PMVDJ³OMJNQJBDBTJUPEPTMPTDBTDPTEF
OPSNBUJWB&$& TJOPRVFMBTVQFSBODPO #.8.PUPSSBEDVFOUBODPOVOFRVJQBNJFOUP
DSFDFTFOWBSJPTBTQFDUPT5PEPTMPTDBTDPTEF JOFSJPSEF%V1POU$PPMNBYP)ZESPQMVTFYUSBCMF
#.8.PUPSSBEEJTQPOFOEFVOBDVCJFSUBJOUFSJPS MBWBCMF USBOTQJSBCMFZBOUJCBDUFSJBOP
EF&14 &14QPMJFTUJSPMFOGPSNBEFFTQVNB
DPO
EJWFSTPTFTQFTPSFT%FFTUBNBOFSBTFHBSBOUJ[B 1&40
VOBBNPSUJHVBDJ³O³QUJNBFOMBT[POBTDPSSFTQPO $BEBHSBNPEFN¡TEJTNJOVZFFMQMBDFSEF
EJFOUFT CBSCJMMB GSFOUF DPSPOJMMB OVDB NFKJMMB DPOEVDJS&MDBTDP4ZTUFNQFTBTPMBNFOUFVOPT
EFSFDIBFJ[RVJFSEB
HSBNPT UBMMB
BQFTBSEFMBTP趋TUJDBEB
NFD¡OJDBEFMBNFOUPOFSB MBDVCJFSUB(', FMQBSBTPM
'03." JOUFHSBEPZMBEPCMFWJTFSBEFTFSJFFMDBTDP4QPSU
/VFTUSPTDBTDPTѭEFTEFMBUBMMBIBTUBMB TPMBNFOUFQFTBH NJFOUSBTRVFFMDBTDP
ѭTFBEBQUBOJOEJWJEVBMNFOUFHSBDJBTBM &OEVSP$BSCPOPFTVOPEFMPTDBTDPT&OEVSPN¡T
BDPMDIBEPEFOVDBZNFKJMMBT EJTQPOJCMFFOWBSJPT MJHFSPTEFMNVOEP DPOTVTQPDPN¡TEFHEF
UBNB±PT&TUPHBSBOUJ[BVOBKVTUFQFSGFDUPFOUPEP QFTP
NPNFOUP
"&30%*/.*$"
7&/5*-"$*/ "&30"$45*$"
-PTDBTDPTEF#.8.PUPSSBETFDBSBDUFSJ[BOQPS #.8.PUPSSBEEJTQPOFEFTVQSPQJPUºOFMEFWJFOUP
VOBF趋DB[WFOUJMBDJ³OQPSEFQSFTJ³O&MDBTDP"JS'MPX BMHPDPOMPRVFPUSPTTPMBNFOUFQVFEFOTP±BS&TUP
GVFFMQSJNFSPEFMNVOEPCBTBEPFOFMQSJODJQJP OPTQFSNJUFQSPCBSUPEPTMPTEJTF±PTCBKPDPOEJDJP
"JS'MPXFMBJSF趌VZFBUSBW©TEFVOFOSFKBEPZ OFTSFBMFTZPQUJNJ[BSMBBFSPEJO¡NJDBZMBBFSPBDºT
QSPQPSDJPOBVOBBHSBEBCMFSFGSJHFSBDJ³O UJDB&TQPSFMMPRVFOVFTUSPTDBTDPTTPOEFMPTN¡T
MJHFSPTEFMNFSDBEPZPGSFDFOVOFYUSBFOTFHVSJEBE
'6/$*0/"-*%"% BDUJWB
#.8.PUPSSBEEJTQPOFEFMDBTDPBEFDVBEPQBSB
DBTJDVBMRVJFSQSPQ³TJUP1PSFKFNQMP QBSBBRVFMMPT %*4&0
RVFCVTDBODPOGPSUBOUFUPEPFMDBTDPBCBUJCMF 6OBQSPUFDDJ³OFYUSBPSEJOBSJBEFCFJSBDPNQB±BEB
4ZTUFN DPOQBSBTPMJOUFHSBEPZNFD¡OJDBEF EFVOBBQBSJFODJBDPSSFTQPOEJFOUF/VFTUSPT
DVBUSPBSUJDVMBDJPOFT QSFQBSBEPQBSBTJTUFNBEF EJTF±BEPSFTEFDBTDPTEFTBSSPMMBOQBSBDBEBUJQPEF
DPNVOJDBDJ³O#MVFUPPUInJODPSQPSBCMF DBTDPVOEJTF±PEJO¡NJDPRVFNBSDBUFOEFODJBT
$*&33& 1"/5"--"
5PEPTMPTDBTDPTEF#.8.PUPSSBEEJTQPOFOEF 5PEBTMBTQBOUBMMBTEF#.8.PUPSSBEEJTQPOFO
VOBCBOEBBEJDJPOBMFOMBOVDBRVFMPTNBOUJFOFO EFVOFYDFMFOUFSFDVCSJNJFOUPBOUJBSB±B[PTZ
FOTVQPTJDJ³OPSJHJOBMFODBTPEFBDDJEFOUF BOUJOJFCMB&MDBTDP4ZTUFN FMDBTDP4QPSUZ
%FQFOEJFOEPEFMBVUJMJ[BDJ³OEFMDBTDPTFEJTQPOF FMDBTDP%PVCMF3FTU¡OFRVJQBEPTEFTFSJFDPO
EFVODJFSSFEF趋KBDJ³OMJHFSPZG¡DJMEFNBOFKBSP QBOUBMMBTEPCMFT RVFPGSFDFOMBTNFKPSFTDBSBDUFST
EFMDJFSSFEPCMF% UJDBTU©DOJDBNFOUFSFBMJ[BCMFTQBSBFWJUBSRVFTF
FNQB±FO

$"4$04:45&.
&M$BTDP4ZTUFNPGSFDFVOBDPNPEJEBEN¡YJNB5SBTTVTT³MP
HSBNPTTFFTDPOEFONVDIBTOPWFEBEFT(SBDJBTBTVNFD¡OJDB
EFDVBUSPBSUJDVMBDJPOFT UBNCJ©OFTNVZDPNQBDUPBºOFTUBOEPBCJFSUP
$POFMQBSBTPMBKVTUBCMFTJOFTDBMPOBNJFOUPTQVFEFBEBQUBSTFBMBT
DPOEJDJPOFTEFMV[BMBWFMPDJEBEEFMSBZP%FNBOUFOFSMBDBCF[BGSBTF
PDVQBVOBFYUSBPSEJOBSJBWFOUJMBDJ³OZEFMBNFKPSWJTJ³O FMDSJTUBMEPCMF
EFTFSJF&ODVBOUPBBFSPEJO¡NJDBZBFSPBDºTUJDB FTEFMPTNFKPSFTEFM
NFSDBEP
$"4$04:45&.
"DDFTTPSJPTDBTDP4ZTUFN Ѽ $VCJFSUBEF(', Ѽ $PSSFBEFCBSCJMMBDPODJOUBQBSBMB
Ѽ 4QPJMFSEFCBSCJMMBBCBUJCMFDPO OVDBJOUFHSBEBQBSBVONFKPSBHBSSF
Ѽ &RVJQBNJFOUPJOUFSJPS BDPMDIBEPQBSB NFDBOJTNPEFDVBUSPBSUJDVMBDJPOFT Ѽ &RVJQBNJFOUPJOUFSJPS "MDBOUBSB
NFKJMMBTZOVDBFOEJGFSFOUFTUBMMBT Ѽ $VCJFSUBJOUFSJPSEF&14EFWBSJPT %V1POU$PPMNBY )ZESPQMVT

Ѽ &RVJQPEFDPNVOJDBDJ³OEF TFHNFOUPTEJTQPOJCMFFOUBNB±PT FYUSBCMFZMBWBCMF
#.8.PUPSSBE Ѽ 1BSBTPMBCBUJCMFJOUFHSBEP G¡DJMEF Ѽ "VUPSJ[BEPTFHºO&$&
Ѽ 1BOUBMMBUJOUBEB BDDJPOBSNFEJBOUFVOQBTBEPS Ѽ 1SFQBSBEPQBSBFMTJTUFNBEF
Ѽ 1B±PQBSBFMDVJEBEPEFMBQBOUBMMB Ѽ "QFSUVSBEFMBNFOUPOFSB DPNVOJDBDJ³OEF#.8.PUPSSBE
Ѽ 'VOEBQSPUFDUPSBEFQBOUBMMB NFEJBOUFUFDMBDFOUSBM Ѽ 4QPJMFSEFCBSCJMMBBKVTUBCMF
Ѽ 1SPEVDUPEFMJNQJF[BQBSBFMDBTDP Ѽ $JFSSFEF趋KBDJ³O JOEJWJEVBMNFOUF
Ѽ 1BOUBMMBEPCMFEFTFSJFDPOSFDVCSJ Ѽ 5BMMBTѭ #BSCPRVFKPBCJFSUP 1BSBTPM
NJFOUPBOUJBSB±B[PTFOMBFYUFSJPS Ѽ 1BSBJOGPSNBSUFTPCSFMPTBDPMDIBEPT
Ѽ (SBODBNQPEFWJTJ³O QBSBOVDBZNFKJMMBTJODPSQPSBCMFT
Ѽ 7FOUJMBDJ³OFGFDUJWBEF BTDPNPPUSPTSFDBNCJPTZQSFDJPT
DBCF[BZQBOUBMMB EJSHFUFBUV$PODFTJPOBSJP0趋DJBM
Ѽ .VZCVFOBBFSPEJO¡NJDB #.8
ZBFSPBDºTUJDB
%JTF±P4IBSQ&EHFE
#PMTBEFDBTDP&YDMVTJW $PMPSCMBODPQMBUBNFUBMJ[BEP $PMPSHSJTPTDVSPNBUF %JTF±P$PTNJD $PMPSOFHSPOPDIFCSJMMBOUF $PMPSQMBUBUJUBOJP $PMPSBNBSJMMP

趌VPSFTDFOUF
Ѽ .BUFSJBMEFSPCVTUP/ZMPO
JNQFSNFBCMF
Ѽ 'PSSPJOUFSJPSBNPSUJHVBEPS
Ѽ $PO趋HVSBDJ³OBDPMDIBEB
Ѽ $SFNBMMFSBFYUSBMBSHB
Ѽ %PTT³MJEBTBTBT
Ѽ $PMPSBOUSBDJUB

$"4$0&/%630
%JTF±P7PMU $PMPSHSJTPTDVSPNBUF $PMPSNBHOFTJPNBUF %JTF±P8BWF
#PMTBEFMDBTDP&YDMVTJW "DDFTPSJPTEFMDBTDP&OEVSP
Ѽ .BUFSJBMEFSPCVTUP/ZMPO Ѽ &RVJQBNJFOUPJOUFSJPSZBDPMDIBEP
JNQFSNFBCMF QBSBNFKJMMBTFOWBSJPTUBNB±PT
Ѽ 'PSSPJOUFSJPSBNPSUJHVBEPS Ѽ 1BOUBMMBUJOUBEB
Ѽ $PO趋HVSBDJ³OBDPMDIBEB Ѽ 1B±PQBSBFMDVJEBEPEFMBQBOUBMMB
Ѽ $SFNBMMFSBFYUSBMBSHB Ѽ 'VOEBQSPUFDUPSBEFQBOUBMMB
Ѽ %PTT³MJEBTBTBT Ѽ 1SPEVDUPEFMJNQJF[BQBSBFMDBTDP
Ѽ $PMPSBOUSBDJUB
&TUFDBTDPDVNQMFDPOUPEBTMPTSFRVJTJUPTRVFTFFYJHFOBVODBTDPEFQPSUJWP
&OEVSPEF#.8.PUPSSBEGPSNB³QUJNB BMUPOJWFMEFBFSPEJO¡NJDBZ QPSTVQVFTUP
TFHVSJEBEQBSBFMDPOEVDUPS
$"4$0&/%630
Ѽ $VCJFSUBFYUFSJPSEF(',SFGPS[BEP Ѽ 4QPJMFSEFCBSCJMMBFYUSBCMF Ѽ 1FTPBQSPYJNBEP
DPOUFKJEPTEFDBSCPOPZ,FWMBS QBSBN¡TWFOUJMBDJ³O DPOQBOUBMMBHSBNPT
Ѽ $VCJFSUBJOUFSJPSEFQJF[BTEF&14 Ѽ 1BOUBMMBJOZFDUBEBFOUSFTEJNFOTJP TJOQBOUBMMBHSBNPT
DPODVBMJEBEFTEFBNPSUJHVBDJ³O OFTDPOSFWFTUJNJFOUPBOUJOJFCMB Ѽ 6UJMJ[BCMFDPOQBOUBMMBZWJTFSB
PQUJNJ[BEBT ZBOUJBSB±B[PT TPMPDPOQBOUBMMBPTPMPDPOWJTFSB %JTF±P#VMMJU
Ѽ %JTQPOJCMFFOUBNB±PT Ѽ )PNPMPHBEPTFHºO&$& Ѽ 5SBOTGPSNBCMFFODVFTUJ³O
Ѽ &RVJQBNJFOUPJOUFSJPSEF Ѽ #BSCPRVFKPDPODJFSSFEPCMF% EFTFHVOEPT
%V1POU$PPMNBYZ"MDBOUBSB Ѽ $PSSFBTQBSBMBOVDBBEJDJPOBMFT Ѽ 5BMMBTѭ
Ѽ "DPMDIBEPQBSBDBCF[BZNFKJMMBT QBSBVOBKVTUFTFHVSP
FYUSBCMFTZMBWBCMFT
DPOWJTFSBTJOQBOUBMMB TJOWJTFSBDPOQBOUBMMB

$"4$0&/%630$"3#0/
&TUFDBTP&OEVSPFOUVTJBTNBDPOGBDJMJEBE DPOVOQFTPUPUBM DBTJEFS©DPSE EF

HSBNPTJODMVJEPTQBOUBMMBZWJTFSB DPOTFHVJEPQSJODJQBMNFOUFHSBDJBTBMVTP
EFNBUFSJBMFTEFDBSCPOPQSPDFEFOUFTEFMBBWJBDJ³O5PEPFOFMDBTDP&OEVSP
$BSCPOPFTDPSSFDUPEFTEFMBDPNPEJEBEIBTUBTVFYUSBPSEJOBSJPEJTF±P QBTBOEP
QPSMBTFHVSJEBE
$"4$0&/%630$"3#0/
#PMTBEFDBTDP&YLMVTJW Ѽ $VCJFSUBFYUFSJPSEFDBSCPOP Ѽ &YUSFNBEBNFOUFMJHFSP
ZMBNJOBEPEF,FWMBS HSBNPTJODMQBOUBMMBZWJTFSB
Ѽ .BUFSJBMEFSPCVTUP/ZMPO Ѽ %JTQPOJCMFFOUBNB±PT UBMMBTZ

JNQFSNFBCMF Ѽ DVCJFSUBJOUFSJPSEFQJF[BTEF&14 HSBNPT UBMMBTZ

Ѽ 'PSSPJOUFSJPSBNPSUJHVBEPS DPODVBMJEBEFTEFBNPSUJHVBDJ³O HSBNPT UBMMBTZ
Ѽ $PO趋HVSBDJ³OBDPMDIBEB BEBQUBEBT³QUJNBNFOUF Ѽ "VUPSJ[BEPTFHºO&$&

Ѽ $SFNBMMFSBFYUSBMBSHB Ѽ &RVJQBNJFOUPJOUFSJPSEF"MDBOUBSB Ѽ 5BMMBTѭ
Ѽ %PTT³MJEBTBTBT Z%V1POU$PPMNBY
Ѽ $PMPSBOUSBDJUB Ѽ "DPMDIBEPEFNFKJMMBZDBCF[B
FYUSBCMFTZMBWBCMFT "DDFTPSJPTDBTDP&OEVSP
Ѽ 4QPJMFSEFCBSCJMMBFYUSBCMF
QBSBN¡TWFOUJMBDJ³O Ѽ &RVJQBNJFOUPJOUFSJPSZBDPMDIBEP
Ѽ $PSSFBEFCBSCJMMBDPOBOJMMBEPCMF% EFNFKJMMBFOEJGFSFOUFTUBMMBT
Ѽ $JOUBTEFOVDBQBSBVOBHBSSFTFHVSP Ѽ 1BOUBMMBUJOUBEB
Ѽ 1BOUBMMBJOZFDUBEBFOUSFTEJNFOTJP Ѽ 1B±PQBSBFMDVJEBEPEFMBQBOUBMMB
OFTDPOSFWFTUJNJFOUPBOUJOJFCMBZ Ѽ 'VOEBEFQSPUFDDJ³OEFMBQBOUBMMB
BOUJBSB±B[PT Ѽ 1SPEVDUPEFMJNQJF[BQBSBFMDBTDP

$"4$041035 $"4$0%PVCMF3
$"4$041035
Ѽ $VCJFSUBEF(', EPTUBMMBT "DDFTPSJPTEFMDBTDP4QPSU
Ѽ 1FTPBQSPYJNBEPHSBNPT
Ѽ *OUFSJPSEF&14NVMUJTFHNFOUBEP Ѽ 4JTUFNBEFDPNVOJDBDJ³OEF
Ѽ 1BOUBMMBEPCMFDPOSFDVCSJNJFOUP #.8.PUPSSBE #MVFUPPUIn
BOUJBSB±B[PTQPSBNCBTDBSBT BVUPSJ[BEPTFHºO&$&
FOMBFYUFSJPS Ѽ 1BOUBMMBUJOUBEBDPOSFWFTUJNJFOUP
Ѽ $BNCJPG¡DJMEFQBOUBMMB BOUJBSB±B[PTZBOUJOJFCMB
Ѽ 7FOUJMBDJ³OEFMBDBCF[BSFHVMBCMF Ѽ 1B±PQBSBFMDVJEBEPEFMBQBOUBMMB
NFEJBOUFDPSSFEFSB Ѽ 'VOEBEFQSPUFDDJ³OQBSBMBQBOUBMMB
Ѽ 7FOUJMBDJ³OEFMBQBOUBMMBBUSBW©T Ѽ 1SPEVDUPEFMJNQJF[BQBSBFMDBTDP
EFVOBUFDMBCBTDVMBOUFDFOUSBM Ѽ 4PCSFBDPMDIBEPEFOVDBZNFKJMMBEF
Ѽ *OUFSJPSEF)ZESPQMVT RVFUSBOTQPSUB SFDBNCJP PUSBTQJF[BTZQSFDJPTMF
MBIVNFEBE DPNQMFUBNFOUFFYUSBCMF JOGPSNBS¡TVWFOEFEPSIBCJUVBMEF
ZMBWBCMF #.8.PUPSSBE
Ѽ $PSSFBEFCBSCJMMBZDJFSSFEF趋KBDJ³O
Ѽ 1SFQBSBEPQBSBFMTJTUFNBEF
DPNVOJDBDJ³OEF#.8.PUPSSBE
%JTF±P4QFFE Ѽ #BOEBTEFOVDBQBSBVOB
TVKFDJ³OTFHVSB
Ѽ "VUPSJ[BEPTFHºO&$& $"4$0%PVCMF3
Ѽ 5BMMBTѭ"DDFTPSJPT
EFMDBTDP4QPSU
Ѽ 3FBMJ[BEPFOQM¡TUJDPSFGPS[BEP "DDFTPSJPTDBTDP%PVCMF3
DPO趋CSBEFWJESJPZEJTQPOJCMF
FOUBNB±PT Ѽ 1JF[BTQBSBNPEJ趋DBDJ³OEF
Ѽ 1BOUBMMBEPCMFSFTJTUFOUFBBSB±B[PT BDPMDIBEPEFNFKJMMBZOVDBZTQPJMFS
Ѽ &TUBCJMJEBEN¡YJNBBWFMPDJEBEFT EFCBSCJMMBFOEJGFSFOUFTUBNB±PT
NVZBMUBT Ѽ 1BOUBMMBUJOUBEBDPOSFWFTUJNJFOUP
Ѽ 4QPJMFSBEBQUBEPBMB433 BOUJBSB±B[PTZBOUJOJFCMB
Ѽ 7FOUJMBDJ³OFGFDUJWBEFDBCF[B Ѽ 1B±PQBSBFMDVJEBEPEFMBQBOUBMMB
ZQBOUBMMB Ѽ 'VOEBQSPUFDUPSBEFMBQBOUBMMB
Ѽ $JFSSFEPCMF% Ѽ 1SPEVDUPEFMJNQJF[BQBSBFMDBTDP
Ѽ #BOEBTEFOVDBQBSBVOB
TVKFDJ³OTFHVSB #PMTBEFDBTDP&YLMVTJW
%JTF±P.BHNB %JTF±P4QBSD $PMPSOFHSPOPDIF $PMPSHSBOJUPHSJTNBUF $PMPSCMBODPNFUBMJ[BEP Ѽ 5BMMBTѭ
Ѽ .BUFSJBMEFSPCVTUP/ZMPO
JNQFSNFBCMF
Ѽ 'PSSPJOUFSJPSBNPSUJHVBEPS
Ѽ $PO趋HVSBDJ³OBDPMDIBEB
Ѽ $SFNBMMFSBFYUSBMBSHB
Ѽ %PTT³MJEBTBTBT
Ѽ $PMPSBOUSBDJUB

$"4$0"JS'MPX
$POFMDBTDP"JS'MPX NBOUFOES¡TTJFNQSFMBDBCF[BGSB
/PWFEBE 5BOUPFOMBDBSSFUFSBDPNPFOFMDBOBMEF趌VKP&OFTUFTFIB
TPNFUJEPBEJGFSFOUFTQSVFCBTEFWFMPDJEBE-BBCTPSDJ³OEF
趌VKPNVFTUSBRVFFMDBTDPPGSFDFVOBBFSPEJO¡NJDB³QUJNB
UBNCJ©ODPOVOBQBOUBMMBDPOUSBFMWJFOUP&MWJFOUP趌VZFTJO
JOUFSGFSFODJBT EFNPEPRVFOPTFQSPEVDFOUVSCVMFODJBTZ FO
DPOTFDVFODJB UBNQPDPWJCSBDJPOFT-BTEPTBNQMJBT[POBTEF
WFOUJMBDJ³OEJTQPOFOEFDJFSSFJNQFSNFBCMFNFEJBOUFQBTBEPS
&M"JS'MPXBMDBO[BBTMPTNFKPSFTWBMPSFTFOBFSPBDºTUJDBZ
DPNPEJEBE
$PMPSQMBUBUJUBOJPNFUBMJ[BEP
$PMPSHSJTNFUBMJ[BEP $PMPSB[VMD³TNJDPNFUBMJ[BEPNBUF
$"4$0"JS'MPX
Ѽ -VKPTPDBTDPKFUDPOF趋DB[ Ѽ .VZCVFOBBFSPEJO¡NJDB Ѽ )PNPMPHBEPTFHºO&$&
WFOUJMBDJ³O ZBFSPBDºTUJDB Ѽ 1SFQBSBEPQBSBMBJODPSQPSBDJ³O
Ѽ %PTBNQMJBT[POBTEFWFOUJMBDJ³O Ѽ $BMPUBFYUFSJPSEF(', EFVOTJTUFNBEFDPNVOJDBDJ³O
DPODJFSSFJNQFSNFBCMFNFEJBOUF Ѽ $BMPUBJOUFSJPSEF&14 Ѽ $PMPSFTOFHSPOPDIFT³MJEP HSJT
QBTBEPS DPOBNPSUJHVBDJ³O NFUBMJ[BEP QMBUBUJUBOJPNFUBMJ[BEP
Ѽ &MFNFOUPTEFBMVNJOJPEFHSBO Ѽ *OUFSJPSFYUSBCMFZMBWBCMF NBHOFTJPNFUBMJ[BEPNBUF
DBMJEBE DPONBSDB#.8FOFMMBUFSBM Ѽ 1BOUBMMBDVSWBEB USJEJNFOTJPOBM B[VMD³TNJDPNFUBMJ[BEPNBUF
Ѽ #BSCPRVFKPDPODJFSSFEF趋KBDJ³O FJODPSQPSBEB Ѽ 5BMMBTѭ
ZEJTUJOUPTOJWFMFTEFBKVTUF DBUFHPSBEFDBMJEBE³QUJDB
Ѽ #BOEBTEFOVDBJOUFHSBEBT Ѽ 1BOUBMMBDPSUBJODPSQPSBEBDPO
Ѽ 1FTPEFBQSPY SFDVCSJNJFOUPBOUJBSB±B[PTEF $PMPSOFHSPOPDIFT³MJEP $PMPSNBHOFTJPNFUBMJ[BEPNBUF
HqH TFSJFQPSBNCPTMBEPT
DBMPUBQFRVF±BNFEJBOBHSBOEF

4*45&."%&$0..6/*$"$*/#.8.05033"%
7*7*3$0/.4*/5&/4*%"% '6/$*0/".*&/50%&"-50/*7&-
6OBNPUPDJDMFUBQFSNJUFFYQFSJNFOUBSTJFNQSFNPNFOUPTºOJDPT RVFTF $POVOBBVUPOPNBEFIBTUBIPSBTFTVOBVU©OUJDPDPSSFEPSEFGPOEP
EFTFBODPNQBSUJSDPOFMBDPNQB±BOUFNJFOUSBTTFEJTGSVUBEFMN¡YJNP MJTUPFOTFHVJEBUSBTVOWJBKFQBSBFMQS³YJNP4FQVFEFDBSHBSMBCBUFSB
DPOGPSU5BNCJ©OTFEFTFBFTDVDIBSMBNºTJDBQSFGFSJEB SFDJCJSMMBNBEBTZ DVBOEPTFEFTFFFOVOBTDVBUSPIPSBTDPOFMDBSHBEPSTVNJOJTUSBEPPDPO
EFKBSTFHVJBSQPSFMFRVJQPEFOBWFHBDJ³O$POFMTJTUFNBEFDPNVOJDBDJ³O MBDPOFYJ³O64#EFVOPSEFOBEPS0USBTWFOUBKBTJNQPSUBOUFTTPOMBTVQSF
#.8.PUPSSBEUPEPFTUPFTQPTJCMF4JOPSFMNPMFTUPSVJEPEFMPTNPUPSFT TJ³OBVUPN¡UJDBEFJOUFSGFSFODJBTZMBBEBQUBDJ³OEFMWPMVNFOFOGVODJ³OEF
PEFMWJFOUPOJBQBSUBSMPTPKPTEFMBDBSSFUFSB MBWFMPDJEBE&TUPQFSNJUFEJTGSVUBSDPODPNPEJEBEEFMFOUSFUFOJNJFOUP
NVMUJNFEJBTJOQ©SEJEBEFDBMJEBEJODMVTPBFMFWBEBWFMPDJEBE
$6"530'03."4%&$0.6/*$"$*/
&OUPUBMFTQPTJCMFDPOFDUBSBMDBTDPVOTJTUFNBEFOBWFHBDJ³O VOUFM©GPOP
ZVOFRVJQPEFNºTJDB ZBMDBTDPVOUFM©GPOPZVOFRVJQPEFNºTJDB
"TMBDPNVOJDBDJ³OTFS¡EFMN¡TBMUPOJWFM
Ѽ &MDPOEVDUPSDPOWFSTBS¡DPOFMBDPNQB±BOUF
Ѽ &MDPOEVDUPSZFMBDPNQB±BOUFFTDVDIBS¡ONºTJDB
DPOEPTEJTQPTJUJWPTEJTUJOUPT
Ѽ $BEBVOPQPES¡DPOFDUBSVOUFM©GPOPN³WJMBMTJTUFNB
ZSFDJCJSMMBNBEBTDPOTVQSPQJPBQBSBUP
."/&+0.6:'$*-1"3"("3"/5*;"3-" Ѽ &MDPOEVDUPSSFDJCJS¡JOEJDBDJPOFTEFMTJTUFNBEFOBWFHBDJ³O
4&(63*%"%:-"'6/$*0/"-*%"% Ѽ &ODPOKVOUPQVFEFOVUJMJ[BSTFDPNPN¡YJNPDBTDPT FRVJQPEF
&MTJTUFNBEFDPNVOJDBDJ³O#.8.PUPSSBETPMPUJFOFUSFTUFDMBT0O0GG Z OBWFHBDJ³O UFM©GPOPTN³WJMFTZEJTQPTJUJWPTEFNºTJDB
$POFMMBTTFBDUJWBOD³NPEBNFOUFUPEBTMBTGVODJPOFTZTFGBDJMJUBBMN¡YJNP
FMNBOFKPQBSBHBSBOUJ[BSVOBTFHVSJEBE³QUJNB"FTUPDPOUSJCVZFUBNCJ©OMB
QSFQBSBDJ³OEFMPTDBTDPT4ZTUFNZ 4QPSUZ%PVCMF3QBSBFMTJTUFNBEF
DPNVOJDBDJ³O#.8.PUPSSBE RVFFTU¡OIPNPMPHBEPTTFHºOMB&$&
&M$PODFTJPOBSJP0趋DJBM#.8.PUPSSBESFBMJ[BFMNPOUBKFEFMTJTUFNB
EJSFDUBNFOUFUSBTMBDPNQSBEFFTUF-BDPOFYJ³OEFEJTQPTJUJWPTDPODSFUPT
ZFMBDPQMBNJFOUPQVFEFSFBMJ[BSMPTVOPNJTNPTJOQSPCMFNBT
%"5045$/*$04
$0.6/*$"$*/*/"-.#3*$"$0/#-6&5005)n 4*45&."%&$0.6/*$"$*/#.8.05033"%
$POFMTJTUFNBEFDPNVOJDBDJ³O#.8.PUPSSBE MPTFTDBTPTDBCMFTTF
JOUFHSBOEFGPSNBJOWJTJCMFFOMPTDBTDPT4ZTUFNZ 4QPSUZ%PVCMF31BSB 1FTP BQSPYH
PGSFDFSMBN¡YJNBMJCFSUBEEFNPWJNJFOUPTZDPNPEJEBE UPEBMBJOGPSNBDJ³O .¡YJNPEFDPOFYJPOFT QPSFRVJQP
TFUSBOTNJUFEFGPSNBJOBM¡NCSJDBWB#MVFUPPUIn&MTJTUFNBEFDPNVOJDBDJ³O "MDBODF BQSPYN
#.8.PUPSSBEFTBEFDVBEPQBSBMPT#.8.PUPSSBE/BWJHBUPS*7 MMM MMMQMVT 3BEJPDPONFOPSDBMJEBEEFTPOJEP BQSPYѭN
Z**MQMVT FM#.8.PUPSSBE;6.0ZMPTQSJODJQBMFTSFQSPEVDUPSFTEF 1PUFODJBEFUSBOTNJTJ³O IBTUB N8
.1ZUFM©GPOPTN³WJMFTDPODPOFYJ³O#MVFUPPUIn "VUPOPNBEFCBUFSB BQSPYѭI
1SPUFDDJ³ODPOUSBBHVB NVZCVFOB*91
&TU¡OEBS#MVFUPPUIn
1SPUPDPMP#MVFUPPUIn "%1 )FBETFU )BOETGSFF 411
5JQPEFDBTDP 4ZTUFNZ 4QPSUZ%PVCMF3

13&45"$*0/&4.9*."4 -BTNºMUJQMFTQSPQJFEBEFTZDBSBDUFSTUJDBTEFFTUF
1&304*/&-13&$*0.9*.0 USBKFEFUVSJTNPEFQPSUJWP EJTF±BEBTQBSBPGSFDFS

WFSTBUJMJEBE MPIBDFOQFSGFDUPQBSBUPEPTMPTNP
UPSJTUBTFOUPEBTMBTDPOEJDJPOFTDMJNBUPM³HJDBT&M
EJTF±PDPOUFNQPS¡OFPZEFQPSUJWPFTU¡EFTUJOBEP
BVOBHSBOWBSJFEBEEFNPUPSJTUBTMBDIBRVFUBTF
QSFTFOUBFODPMPSFT#MBDL1MVN OFHSPDJSVFMB
P
BEBQUBSTFBUPEBTMBTGPSNBTZUBNB±PT NJFOUSBT %FFQ4FB#MBDL B[VMNBSJOPOFHSP
QBSBNVKFSZ
RVFMPTQV±PTEFMBTNBOHBT FMDVFMMPZMBDJOUVSB #MBDL.JOFSBM(SFZ OFHSPHSJTNJOFSBM
P.JOFSBM
EFMQBOUBM³OBTMBOEFMGSPZMBTDPSSJFOUFTEFBJSF (SFZ%FFQ4FB HSJTNJOFSBMB[VMNBSJOP
QBSBIPN
CSF-PTQBOUBMPOFTTPOOFHSPTUBOUPQBSBIPNCSF
$0.046&-&/%&$*3-04.0503*45"4 &MEJTF±PEFQPSUJWPZBDUVBMJODMVZFJOTFSDJPOFT DPNPQBSBNVKFS-BDIBRVFUBTFTVKFUBDPOVOB
/0)":."-5*&.10 4*/0."-"301"%& FM¡TUJDBTFOMPTIPNCSPTQBSBNBOUFOFSMBN¡YJNB DSFNBMMFSBSFDUBFOMBWFSTJ³ONBTDVMJOBZEJTQVFTUB
.050$6"-26*&3"26&)":"5&/*%0 MJCFSUBEEFNPWJNJFOUPTZFOMB[POBEFMBTDBEFSBT FO¡OHVMPFOMBGFNFOJOB6OFNCMFNBEF
26&46'3*36/7*"+&40#3&%0436& QBSBBTFHVSBSVOBKVTUFQFSGFDUP%PTCPMTJMMPT #.8.PUPSSBEBQBSFDFEJTDSFUBNFOUFDPNP
%"4&/5*&.10'30:).&%04"#&.6: FYUFSJPSFTJNQFSNFBCMFTDPODSFNBMMFSBFOMBDIB VOSFNBDIFFOMBDIBRVFUBZFMQBOUBM³O
#*&/26&/"%"16&%&4645*56*3"6/ RVFUBZFMQBOUBM³OTFDPNQMFNFOUBODPOPUSPTEPT
&26*10%&.0503*45"%&"-5"$"-*%"% JOUFSJPSFT UBNCJ©OJNQFSNFBCMFT FOMBDIBRVFUB %FMBNJTNBGPSNBRVFOPQFSNJUJSBTFOUVNPUPMB
1&306/"301"'6/$*0/"-&*//07"%0 RVFUFQFSNJUFOHVBSEBSUVTQFSUFOFODJBTEFGPSNB QSFTFODJBEFVOQJODIB[P VOBGVHBEFBDFJUFPVO
3"5*&/&4613&$*0 103-026&.&3&$& TFHVSBZDFSDBEFUJ6OPTBQMJRVFTSF趌FDUBOUFTFO GSFOPSVJEPTP OPEFCFSBTQFSNJUJSUFJSDPOVOFRVJ
-"1&/"#64$"3"/5&4%&("45"3&/ MBDIBRVFUBZMPTQBOUBMPOFTBTFHVSBOVOBCVFOB QBNJFOUPEFJOGFSJPSDBUFHPSB&MJNJOBMBTDPSSJFOUFT
6/&26*10&26*70$"%06/%*/&3026& WJTJCJMJEBEFOMBTDPOEJDJPOFTN¡TEFTGBWPSBCMFT EFBJSFZFMGSPZUºUBNCJ©OUFWFS¡TѶDBOUBOEPCBKP
$6&45"5"/50("/"3 BMUJFNQPRVFVOBDSFNBMMFSBEFVOJ³OUSBOTGPSNB MBMMVWJBѷDPOVO5PVS4IFMMEF#.8.PUPSSBE
EFGPSNBFGFDUJWBFTUBTEPTQJF[BTEFDIBRVFUBZ
6OBJOOPWBDJ³OEFMNFSDBEPQBSB TFUSBUBEF QBOUBM³OFOVOUSBKFEFVOBTPMBQJF[B
VOUSBKFEFUVSJTNPJNQFSNFBCMFEF#.8.PUPSSBE
EFQSFDJPSB[POBCMFQFSPEFMBTNFKPSFTQSFTUBDJPOFT &M5PVS4IFMMFTNVZD³NPEPEFMMFWBSHSBDJBTB
EJTF±BEPQBSBHFOUFRVFVUJMJ[BMBNPUPUPEPFMB±P TVDPSUFFSHPO³NJDPZBMBOBUVSBMF[BFM¡TUJDBEFM
ZRVFQFSNJUFSFBMJ[BSMBSHPTSFDPSSJEPTD³NPEBNFOUF MBNJOBEPEFDBQBTDPORVFFTU¡IFDIP6OB
QFSPDPOVOQSFDJPRVFOPBSSVJOFTVQSFTVQVFTUP WFOUBKBB±BEJEBEFFTUFUSBKFFTRVFTFQSFTFOUBDPO
&M5PVS4IFMMSFºOFVONPOU³OEFDBSBDUFSTUJDBT VODIBMFDPU©SNJDPBDPMDIBEPEFTNPOUBCMFRVFTF
OVFWBTFOUSFMBTRVFEFTUBDBOMBGBDJMJEBEEFBKVTUF QVFEFVTBSEFGPSNBJOEFQFOEJFOUFJODMVTPDVBOEP
ZMBBEBQUBCJMJEBE OPTFWBFOMBNPUP6OJEPBMJOUFSJPSEFMBDIBRVFUB
NFEJBOUFCSPDIFT FTUFDIBMFDPVMUSBMJHFSPBDPMDIBEP
&TUFUSBKFEFUVSJTNPEFQPSUJWPQBSBUPEPUJFNQP PGSFDFQSPUFDDJ³ODPOUSBFMGSPHSBDJBTBTVF趋DB[
TJUVBEPFOMBIPSRVJMMBEFQSFDJPTNFEJPTEFMBHBNB BJTMBNJFOUPU©SNJDP$VBOEPOPIBDFGBMUBQVFEF
EFQSPEVDUPTEF#.8.PUPSSBE&RVJQBNJFOUP EFTNPOUBSTFZHVBSEBSTFQFSGFDUBNFOUFFOVOHSBO
NPUPSJTUBZEJTQPOJCMFQBSBIPNCSFZNVKFS SFTJTUFFM CPMTJMMPJOUFSJPSEFMBDIBRVFUBFYUFSJPS
WJFOUPZFMBHVBZFTUSBOTQJSBCMF&MBDFSUBEBNFOUF
EFOPNJOBEP5PVS4IFMMDJFSSB QSPUFHFZBTMBJHVBM &OMPTEBTGSPTPDBMVSPTPTTFQVFEFSFHVMBS
RVFVODBQBSB[³OFOFMNVOEPOBUVSBM BTJNJTNPMBUFNQFSBUVSBRVFQFSDJCFFMNPUPSJTUBFO
TVDVFSQPNFEJBOUFDSFNBMMFSBTJNQFSNFBCMFTEF
"QSVFCBEFWJFOUPZBHVB QFSPUSBOTQJSBCMFHSBDJBT WFOUJMBDJ³ORVFQFSNJUFOMBFOUSBEBZTBMJEBEFMBJSF
BTVNFNCSBOB$"3&$MJNBUF TVNBUFSJBMFYUF FOMBQBSUFTVQFSJPSEFMBDIBRVFUB6OBQSPUFDDJ³O
SJPSSFTJTUFOUFBMBBCSBTJ³OUFHBSBOUJ[BRVFFTUBS¡T U©SNJDBEFTNPOUBCMFQBSBFMDVFMMP IFDIBEFVO
CJFOQSPUFHJEPFODBTPEFDBEBFTU¡GBCSJDBEPFO 趋OPMBNJOBEPEFDBQBT BTMBEFMGSPFOJOWJFSOP
DVFSPBSUJ趋DJBMFOMB[POBEFBTJFOUPZDPOSFGVFS[PT QFSPQVFEFSFUJSBSTFQBSBTFOUJSMBCSJTBFOWFSBOP
EF$PSEVSBFOSPEJMMBT DBEFSBT DPEPTZIPNCSPT
-BTQSPUFDDJPOFTEF/1BCTPSCFOUFTEFJNQBDUPT
DPMPDBEBTFOFTQBMEB IPNCSPT DPEPT DBEFSBTZ
SPEJMMBTTPOBKVTUBCMFTFOUSFTBMUVSBTEJGFSFOUFTQBSB

6/"4&(6/%"1*&-1"3"$0/%6$503&4&9*(&/5&4
-04."5&3*"-&4%&-&26*1".*&/501"3".0503*45"4
%&#.8.05033"%
1BSBUPEPTMPTQSPEVDUPTEFMFRVJQBNJFOUPEFNP 'SPJOBDUJWJEBE $BMPSBDUJWJEBEFMFWBEB
UPSJTUBEF#.8.PUPSSBETPMPTFVUJMJ[BONBUFSJBMFT

EFMBN¡TBMUBDBMJEBE"TVWF[TFJOUSPEVDFODPO
UJOVBNFOUFJOOPWBDJPOFTU©DOJDBT"T VOP DPNP

NPUPSJTUB QVFEFFTUBSTFHVSPEFRVFBMVUJMJ[BS
FMFRVJQBNJFOUPEFNPUPSJTUBEF#.8.PUPSSBE
TJFNQSFMMFWBVOQSPEVDUPBMBºMUJNB
4$)0&--&3,&1304)*&-%
&OMBOBUVSBMF[B &OMBOBUVSBMF[B
&TUFUFKJEPEFQSPUFDDJ³OFYUSFNBGVFEJTF±BEP -
BQJ±BTFDJFSSB -BQJ±BTFBCSF
FTQFDJBMNFOUFQBSBFMTFDUPSEFMNPUPDJDMJTNPZ &OMBNFNCSBOB &OMBNFNCSBOB
FTVOMBNJOBEPEFUSFTDBQBTEF,FWMBS "SBNJEB
-
BFTUSVDUVSBQPMJNFSJ[BEBTF -
BFTUSVDUVSBQPMJNFSJ[BEBTF
BMHPE³OZQPMJBNJEB BTDPNPVOBNFNCSBOB DPNQSJNFZQSPQPSDJPOBBT BCSFZTFIBDFTVNBNFOUF
VONFKPSBJTMBNJFOUP QFSNFBCMFBMWBQPSEFBHVB
D@DIBOHF(SBDJBTBMBOVFWBTFMFDDJ³OEFNBUFSJB -
BFMFWBEBSFUFODJ³OEFDBMPS &
MDBMPSDPSQPSBMZMBIVNFEBE
MFT MBTFHVSJEBEGSFOUFBMBBCSBTJ³OZMBTDBEBT MB ZMBUSBOTQJSBCJMJEBEDSFBOVO TPCSBOUFTQVFEFOEFTQMB[BSTF
SFTJTUFODJBBSPUVSBTZEFTHBSSPTZMBSFTJTUFODJBB BHSBEBCMFDMJNBDPSQPSBM IBDJBGVFSB
MBGSJDDJ³OZBMDBMPSIBOQPEJEPBVNFOUBSTFFOVO &
TUBODBBMBHVBZBMWJFOUP &
TUBODBBMBHVBZBMWJFOUP
FODPNQBSBDJ³ODPOTVBOUFDFTPS"EFN¡T
TVQFTPMJHFSPB±BEFDMBSBNFOUFVOTVQMFNFOUPB
MBDPNPEJEBE 301"#.8.05033"%
$0/"$"#"%0$00-
&OUPEPTMPTUSBKFTEFDVFSPEF#.8.PUPSSBETF
VUJMJ[BFMTJTUFNB5'-$PPM"T MBQJFMPTDVSBEFMB
&
TUBODPBMBHVBZBMWJFOUP RVFFTU¡OIFDIPTSF趌FKBMPTSBZPTJODJEFOUFTDPNP
&
YUSFNBEBNFOUFSFTJTUFOUF TJGVFSBVONBUFSJBMEFDPMPSDMBSP%FFTUBGPSNBFM

BBCSBTJPOFTZEFTHBSSPT NBUFSJBMFYUFSJPSOPTFSFDBMJFOUBUBOUP.FEJDJPOFT
"
MUBNFOUFUSBOTQJSBCMF
DPOGVFSUFTJSSBEJBDJPOFTTPMBSFTIBOEFUFSNJOBEP
-
BNFNCSBOBD@DIBOHF

SFBDDJPOBBEJGFSFOUFT RVFMBUFNQFSBUVSBEFMUSBKFEF#.8.PUPSSBEFSB
UFNQFSBUVSBTZBDUJWJEBEFT EFIBTUBHSBEPTN¡TCBKBFODPNQBSBDJ³ODPO
&
MFRVJQBNJFOUPDPMECMBDL MPTUSBKFTEFDVFSPUSBEJDJPOBMFT6UJMJEBEBEJDJPOBM
QFSNJUFRVFMBMV[EFMTPMTF
FMQSPDFTPEFFOWFKFDJNJFOUPEFMBQSFOEBUBNCJ©O
SF趌FKF
EJTNJOVZFNVDIP
$@$)"/(& -BD¡NBSBU©SNJDBEFNVFTUSBRVF
+VOUPDPOFMFTQFDJBMJTUBFOUFYUJMFTTVJ[P4DIPFMMFS MBSPQBEF#.8.PUPSSBEDPO
UFDOPMPHB5'-$PPM
FWJUBFM
#.8.PUPSSBEIBEJTF±BEPVOBOVFWBNFNCSBOB
FYDFTJWPDBMFOUBNJFOUPEFMDVFSQP
ѶJOUFMJHFOUFѷD@DIBOHF&MUBNB±PEFMPTQPSPTEF RVFTFQSPEVDFDPOMPTUSBKFTEF
FTUBNFNCSBOBTFBEBQUBBMBUFNQFSBUVSBFYUFSJPS DVFSPDPOWFODJPOBMFT
EFNBOFSB
ZSFHVMB EFFTUBGPSNBZTFHºOOFDFTJEBE MB RVFFMDPOEVDUPSQFSNBOFDFN¡T
SFMBKBEPZFONFKPSGPSNB
USBOTQJSBCJMEBEEFMBSPQB:FMNPEFMPTFFODPOUS³

FOMBOBUVSBMF[B4JHVJFOEPFMQSJODJQJPEFVOBQJ±B
DVZBTQºBTTFBCSFODPOFMDBMPSZTFDJFSSBODPO
FMGSP D@DIBOHFѶSFTQJSBѷFOWFSBOPZBTMBFOEBT &-&26*1".*&/50$0-%#-"$,
GSPT"EFN¡T MBNFNCSBOBFTEVSBEFSB FTUBODB $POFMFRVJQBNJFOUPDPMECMBDL MPTUSBKFTPTDVSPT
BMWJFOUPFJNQFSNFBCMFZTFDBSBDUFSJ[BQPSVOB SF趌FKBOIBTUBVOEFMBTJSSBEJBDJPOFTTPMBSFTFO
趌FYJCJMJEBERVFQFSNJUFDSFBSVONBUFSJBMUPUBMNFOUF FM¡SFBDFSDBOBBMPTJOGSBSSPKPT-BSPQBTFNBOUJFOF
FM¡TUJDPQBSBBVNFOUBSMBDPNPEJEBE BTN¡TUJFNQPGSFTDBZBVNFOUBOPUBCMFNFOUFMB
DPNPEJEBE

53"+&453&&5(6"3% K
(SBDJBTBMVTPFYDMVTJWPEFMMBNJOBEPEFDBQBT4DIPFMMFS,FQSPTIJFMEEF,FWMBS
"SBNJEB
BMHPE³OZQPMJBNJEB ZFODPNCJOBDJ³ODPOMBNFNCSBOBD@DIBOHF
FMUSBKF4USFFUHVBSETFDPOWJFSUFFOFMQFSGFDUP"MMSPVOEFS"EFN¡TTPCSFQBTB
BTVBOUFDFTPSVOBWF[N¡TFOBQSPYVOFOMBTJNQPSUBOUFTEJTDJQMJOBTEF
TFHVSJEBEGSFOUFBMBBCSBTJ³OZMBTDBEBT SFTJTUFODJBBSPUVSBTZEFTHBSSPT BT
DPNPFOMBSFTJTUFODJBBMBGSJDDJ³OZBMDBMPS&TUFFRVJQBNJFOUPFTFMDPNQB±FSP
QFSGFDUPQBSBDVBMRVJFSTJUVBDJ³O IBHBFMUJFNQPRVFIBHB
53"+&453&&5(6"3%
Ѽ .BUFSJBMFYUFSJPSEF,FQSPTIJFMEZ Ѽ $IBRVFUBDPODSFNBMMFSB4UPSN Ѽ $JOUVSBBMUBGPSSBEBDPO趋FMUSP
%ZOBUFD FOOFHSPDPOFRVJQBNJFOUP JNQFSNFBCMFZSFTJTUFOUFBMWJFOUP Ѽ #PMTJMMPQBSBN³WJMQSPUFHJEPEF
DPMECMBDL ZBMPTSBZPT67 JSSBEJBDJPOFTFJNQFSNFBCMF BT
Ѽ 3FTJTUFOUFBMWJFOUP JNQFSNFBCMFZ Ѽ $SFNBMMFSBT"26"[JQBMUBNFOUF DPNPEPTCPMTJMMPTJOUFSJPSFT
BMUBNFOUFUSBOTQJSBCMFHSBDJBTBMB SFQFMFOUFTBMBHVBFOCPMTJMMPT JNQFSNFBCMFTFOMBDIBRVFUB
NFNCSBOBJOUFMJHFOUFD@DIBOHF FYUFSJPSFT Ѽ $SFNBMMFSBEFVOJ³OFOEPTMPOHJUVEFT
Ѽ .BUFSJBM4PGUTIFMMFOMPTCPMTJMMPTZFO Ѽ 5FKJEPSF趌FDUBOUFFOFMGSPOUBM MB Ѽ $PMPSEFMBDIBRVFUB
FMJOUFSJPSEFMEPCMBEJMMPEFMBTNBOHBT FTQBMEBZMBTQFSOFSBT OFHSP OFHSPHSJTOBSBOKB
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOFTQBMEB Ѽ $VFMMPFYUSBCMF SFTJTUFOUFBMWJFOUP 1BOUBM³OOFHSP
IPNCSPT DPEPT DBEFSBZSPEJMMBT FJNQFSNFBCMF Ѽ 5BMMBTEFTF±PSB
BKVTUBCMFTFOBMUVSBT
Ѽ $SFNBMMFSBTEFWFOUJMBDJ³O ѭѭѭ
Ѽ #PMTJMMPEFMQSPUFDUPSEFFTQBMEB JNQFSNFBCMFT Ѽ 5BMMBTEFDBCBMMFSP
DPODSFNBMMFSB Ѽ 'PSSPU©SNJDP.5IJOTVMBUF ѭѭѭ
Ѽ 1SPUFDUPSEFDPYJTEJTQPOJCMF DPNQFMBUFNFOUFFYUSBCMF
QPSTFQBSBEP
*//07"%03."5&3*"-$0-%#-"$,
&TUFJOOPWBEPSSFDVCSJNJFOUP
EFMBTTVQFS趋DJFTSF趌FKBIBTUB
FMEFMBMV[TPMBSRVFJODJEF
TPCSFQSFOEBTPTDVSBT EFNB
OFSBRVFFMNBUFSJBMFYUFSJPSOP
TFDBMJFOUBUBOUPZFMDPOEVDUPS
TFNBOUJFOFN¡TSFMBKBEPZ
BUFOUPBMBDPOEVDDJ³O
4JODPMECMBDL $PODPMECMBDL

53"+&5PVS4IFMM
/PWFEBE
53"+&5PVS4IFMM
Ѽ 5SBKF5PVSFSEFQPSUJWPFJNQFSNFBCMF Ѽ *NQSFTJ³OSF趌FDUBOUFFOMBDIBRVFUB
QBSBUPEPFMB±P ZFMQBOUBM³O
Ѽ .BUFSJBMSFTJTUFOUFBMSPDFEF Ѽ $SFNBMMFSBEFVOJ³OEFDN $POTVMBNJOBEPEFDBQBTZTVDIBRVFUBU©SNJDBFYUSBCMF FMUSBKF5PVS4IFMMFT
QPMJBNJEB QPMJ©TUFSZFMBTU¡O Ѽ 7FSTJ³OEJTUJOUBQBSBTF±PSB JEFBMDPNPFRVJQBNJFOUPQBSBUPEPFMB±P-BDIBRVFUBJOUFSJPS FTQFDJBMNFOUF
DPOMBNJOBEPEFDBQBTEF ZDBCBMMFSP MJHFSBZBDPMDIBEB PGSFDFFOEBTH©MJEPTVOBQSPUFDDJ³O趋BCMFGSFOUFBMGSPZ
HSBOFMBTUJDJEBE Ѽ $PSUFFTQFDJBMQBSBTF±PSB QVFEFVTBSTFBTJNJTNPQPSTFQBSBEPDPNPDIBRVFUBHVBUFBEB-BTDSFNBMMFSBT
Ѽ .FNCSBOBDMJN¡UJDB$"3& Ѽ 4F±PSB DIBRVFUBDIBRVFUBU©SNJDB
EFWFOUJMBDJ³OQFSNJUFOSFHVMBSMBUFNQFSBUVSBQBSBDPOUSJCVJSBVOBCVFOBUFN
JNQFSNFBCMF FTUBODBBMWJFOUP OFHSPDJSVFMB NBSQSPGVOEPOFHSP QFSBUVSBDPSQPSBM$POFM5PVS4IFMMUBNCJ©OTFHBSBOUJ[BFODVBMRVJFSNPNFOUPMB
ZUSBOTQJSBCMF
Ѽ $BCBMMFSP DIBRVFUBDIBRVFUB TFHVSJEBE³QUJNBNFEJBOUFQSPUFDUPSFT/1SFHVMBCMFTFOUSFTBMUVSBTZFYUSBCMFT
Ѽ %PCMFDBQBFOQVOUPTN¡T U©SNJDB
OFHSPHSJTNJOFSBM FOMBFTQBMEB IPNCSPT DPEPT DBEFSBZSPEJMMBT BTDPNPNFEJBOUF$PSEVSB
WVMOFSBCMFTFODBTPEFDBEBDPO HSJTNJOFSBMNBSQSPGVOEP SFTJTUFOUFBMSPDF
$PSEVSBEFHSBOSFTJTUFODJBBMSPDF Ѽ $PMPSEFQBOUBM³OEFTF±PSBOFHSP
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOIPNCSPT Ѽ $PMPSEFQBOUBM³OEFDBCBMMFSPOFHSP
DPEPT FTQBMEB DBEFSBZSPEJMMBT Ѽ 5BMMBTEFTF±PSBѭ ѭ
BKVTUBCMFTFOUSFTBMUVSBT
NBSQSPGVOEPTPMPѭ
Ѽ $IBRVFUBU©SNJDBBDPMDIBEBFYUSBCMF Ѽ 5BMMBTEFDBCBMMFSPѭ ѭ

Ѽ $BMFOUBEPSEFDVFMMPFYUSBCMF HSJTNJOFSBMTPMPѭ
Ѽ $SFNBMMFSBTEFWFOUJMBDJ³OFTUBODBT
BMBHVBFOMBDIBRVFUB
Ѽ 3FHVMBDJ³OEFBODIVSBFOFMQV±P
EFMBNBOHB FMDVFMMPZMBDJOUVSB
NFEJBOUFDJFSSFEFWFMDSPZCBOEB
FM¡TUJDB
/FHSPHSJTNJOFSBM
(SJTNJOFSBMNBSQSPGVOEP /FHSPDJSVFMB .BSQSPGVOEPOFHSP

53"+&"JS'MPX
53"+&"JS'MPX
Ѽ 5SBKFEFWFSBOP Ѽ -BDIBRVFUBQVFEFMMFWBSTF
Ѽ .BUFSJBMFM¡TUJDP D³NPEBNFOUFDPNPVOBNPDIJMB
Ѽ .BUFSJBMFYUFSJPSEF%ZOBUFD GVFSBEFMBNPUPHSBDJBTBTVEPCMF
NVZSFTJTUFOUFBMSPDF DPSSFBJOUFHSBEB
Ѽ 5SBKFOFHSPDPOFRVJQBNJFOUP Ѽ $JOUVSBBKVTUBCMFQSPHSFTJWBNFOUF
DPMECMBDL Ѽ $IBRVFUBEPTCPMTJMMPTFYUFSJPSFT
Ѽ 5SBKFDPMPSQMBUBDPOFRVJQBNJFOUP CPMTJMMPQBSBN³WJMTFHVSPGSFOUFB
/BOP4QIFSF MBTJSSBEJBDJPOFT CPMTJMMPTJOUFSJPSFT
Ѽ .BUFSJBMSFUJDVMBSEF"JS5FY HSBOCPMTJMMPEFDSFNBMMFSBFOMB
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFO QBSUFCBKBEFMBFTQBMEB
IPNCSPT DPEPT DBEFSBZSPEJMMBT Ѽ 1BOUBM³OCPMTJMMPTDPODSFNBMMFSB
BKVTUBCMFTFOBMUVSBT
Ѽ CPMTBJNQFSNFBCMF
Ѽ 1SPUFDUPSEFFTQBMEB/11SP"JSDPO Ѽ $SFNBMMFSBQFSJNFUSBM
NVDIBTBCFSUVSBTEFWFOUJMBDJ³OQBSB Ѽ $SFNBMMFSBEFVOJ³O DN
VOBFYDFMFOUFDJSDVMBDJ³OEFMBJSF Ѽ $PMPSFTOFHSP JNQSFTJ³OFOQMBUB

Ѽ 5FKJEPJOUFSDBMBEPQBSBVOBCVFOB Ѽ 5BMMBTEFTF±PSBѭ
DJSDVMBDJ³OEFMBJSF Ѽ 5BMMBTEFDBCBMMFSP
Ѽ #PMTJMMPEFQSPUFDDJ³OEFMQSPUFDUPS OFHSPѭѭ
EFFTQBMEBDPODSFNBMMFSB JNQSFTJ³OFOQMBUBѭ
Ѽ 5JSBTSF趌FDUBOUFT.ѭ
FOMBDIBRVFUBZFMQBOUBM³O
*EFBMQBSBUFNQFSBUVSBTFMFWBEBT FMUSBKF"JS'MPXQSPQPSDJPOBVOBBHSBEBCMF
GSFTDVSB&OMBWFSTJ³OFOOFHSP FMºUJMFRVJQBNJFOUPDPMECMBDLFWJUBEFGPSNB
趋BCMFFMSFDBMFOUBNJFOUPEFMNBUFSJBM&OMBWFSTJ³OFOQMBUB FMSFDVCSJNJFOUP
DPO/BOP4QIFSFQSFWJFOFMBTVDJFEBE

53"+&53"*-(6"3% 53"+&$PWFS"MM
&TUFUSBKFEFNPUPBQSPQJBEPQBSBWJBKFTDPNCJOBBMUBNPWJMJEBE WFSTBUJMJEBE
ZGVODJPOBMJEBEDPNPTPMPQVFEFIBDFSMPVOWFSEBEFSPUBMFOUPBMMSPVOE
1BSBFMMPDVFOUBDPOMPTNFKPSFTNBUFSJBMFTZDPONVDIBTQPTJCJMJEBEFTEF
BKVTUF"TTFDPOWJFSUFFOFMNFKPSDPNQB±FSPQBSBUPEBMBUFNQPSBEBEF
NPUPDJDMJTNP 53"+&$PWFS"MM
Ѽ 5SBKFEFVOBTPMBQJF[B
Ѽ -BNJOBEPEFDBQBTDPO
NBUFSJBMFYUFSJPSEF$PSEVSB
Ѽ *NQFSNFBCMF FTUBODPBMWJFOUP
ZUSBOTQJSBCMFHSBDJBTBMBNFNCSBOB
DMJN¡UJDB$"3&
Ѽ #PMTJMMPTJOUFSJPSFTEFGPSSPSFUJDVMBS
Ѽ 1SPUFDUPSFT4$FYUSBCMFTFO
IPNCSPT DPEPT DBEFSBZSPEJMMBT
BKVTUBCMFTFOBMUVSBT
Ѽ 1SPUFDUPSEPSTBM/11SP"JSQBSB
CPMTJMMPEFFTQBMEBEJTQPOJCMF
QPSTFQBSBEP
Ѽ #PMTJMMPTEFQSPUFDDJ³OTPMEBEPT
Ѽ *NQSFTJ³OSF趌FDUBOUF.
FOIPNCSPZFTQBMEB
Ѽ $SFNBMMFSBT4UPSNJNQFSNFBCMFT
ZFTUBODBTBMWJFOUP
Ѽ -BSHBDSFNBMMFSBGSPOUBMZEPT
53"+&53"*-(6"3% DSFNBMMFSBTFOMBTQFSOFSBTQBSB
QFSNJUJSVOG¡DJMBDDFTP
Ѽ 5SBKFEFNPUPVUJMJ[BCMFQBSBWJBKFT Ѽ *OTFSDJ³OD@DIBOHFEJTQPOJCMF Ѽ "ODIPEFDJOUVSBBKVTUBCMF
Ѽ %JTF±PEFQPSUJWPEJO¡NJDP QPSTFQBSBEP Ѽ CPMTJMMPSFQFMFOUFBMBHVBFYUFSJPS
Ѽ .BUFSJBMFYUFSJPSEF4DIPFMMFS%ZOBUFD Ѽ #BOEBTZDJFSSFTEFWFMDSPBKVTUBCMFT FJOUFSJPSFOMBQFDIFSB
Ѽ %ZOBUFDZ$PSEVSB4USFUDI FOMBDBEFSB MPTEPCMBEJMMPTEFM CPMTJMMPFOFMBOUFCSB[PEFSFDIP
QSPQPSDJPOBOVOBNPWJMJEBE³QUJNB QBOUBM³O FMDVFMMPZMPT趋OBMFT CPMTJMMPTFOFMQBOUBM³O
QBSBNPOUBSFONPUP EFNBOHB Ѽ $PMPSOFHSP
Ѽ 3FHVMBDJ³OEFUFNQFSBUVSBHSBDJBT Ѽ 'JOBMFTEFNBOHBBKVTUBCMFT Ѽ 5BMMBTVOJTFY94ѭ999-
BMGPSSPSFUJDVMBSJOUFHSBEP Ѽ (SBOOºNFSPEFCPMTJMMPT
Ѽ (SBOTVQFS趋DJFEFNBUFSJBM FOQBSUFJNQFSNFBCMFT
SF趌FDUBOUF. Ѽ $SFNBMMFSBEFVOJ³O DN
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOFTQBMEB Ѽ $PMPSFTEFMBDIBRVFUBOFHSPQMBUB
IPNCSPT DPEPT DBEFSBZSPEJMMBT Ѽ $PMPSFTEFMQBOUBM³OOFHSP
BKVTUBCMFTFOBMUVSBT
Ѽ 5BMMBTEFTF±PSBѭ
Ѽ $JFSSFEFDSFNBMMFSBFTUBODP Ѽ 5BMMBTEFDBCBMMFSP
ѭ ѭ ѭ

53"+&3"--:&
53"+&3"--:&
Ѽ &TQFDJBMNFOUFEFTBSSPMMBEP Ѽ .VDIPTBKVTUFTJOEJWJEVBMJ[BEPT
QBSBVTP0GGSPBE QPTJCMFT
Ѽ .BUFSJBMFYUFSJPS$PSEVSB Ѽ *OTFSDJ³OEFNFNCSBOB
PQUJNJ[BEPQPS#.8.PUPSSBE DMJN¡UJDB$"3&JNQFSNFBCMF
Ѽ $IBRVFUBDPONBOHBTTFQBSBCMFT FTUBODBBMWJFOUPZUSBOTQJSBCMF
Ѽ 1BOUBMPOFTDPOJOTFSDJPOFT Ѽ .BUFSJBMSF趌FDUBOUF
FM¡TUJDBTZSJCFUFEFDVFSP Ѽ #PMTJMMPUSBTFSPQBSB5SJOL1BL
Ѽ 3FGVFS[PTFOMBT[POBT Ѽ CPMTJMMPTFYUFSJPSFT
TVTDFQUJCMFTFODBTPEFDBEB JNQFSNFBCMFTFOMBDIBRVFUB
Ѽ 1SPUFDUPSFT/1FYUSBCMFT Ѽ $SFNBMMFSBEFVOJ³OEFDN
BKVTUBCMFTFOBMUVSBFOMBTSPEJMMBT
Ѽ $PMPSZUBMMBT
Ѽ 'PSSPSFUJDVMBSFM¡TUJDPZUSBOTQJSBCMF OFHSPHSJT ѭ ѭ

Ѽ .ºMUJQMFTQPTJCJMJEBEFTEFWFOUJMBDJ³O HSJTB[VM ѭ
&MUSBKF3BMMZFOPQBTBEFTBQFSDJCJEPOJFODBNJOPTEFBTGBMUPOJGVFSBEFFMMPT
5PEPHSBDJBTBTVTNºMUJQMFTCPMTJMMPTZBTVFRVJQBNJFOUPEFTFHVSJEBE RVFPGSFDF
MBN¡YJNBQSPUFDDJ³O4VHSBODPNPEJEBEZTVEJTF±PFTQFDJBMMPDPOWJFSUFOFO
VOBPCMJHBDJ³OQBSBMPTBNJHPTEFM&OEVSP RVFQVFEFODPO趋BSFO©MUBNCJ©ODPO
NBMUJFNQP

53"+&"5-"/5*4
-BQ¡UJOBEFUVTBWFOUVSBTFTVO趋FMBDPNQB±BOUF&M"UMBOUJTFTVODM¡TJDP
DPOVOOVFWPEJTF±PEJO¡NJDPZFMFHBOUF&MDVFSPOPCVLEFTFDBEPS¡QJEPFTU¡
JNQFSNFBCJMJ[BEPDPODPTUVSBTSFGPS[BEBTZDSFNBMMFSBTFOHPNBEBTEFNBOFSB
RVFQFSNBOF[DBTFDPEVSBOUFWBSJBTIPSBTTJOSPQBEFMMVWJB-BT[POBTFM¡TUJDBT
BVNFOUBOMBDPNPEJEBEEFFTUFUSBKFUSBOTQJSBCMF-PTQSPUFDUPSFT/1FO
IPNCSPT DPEPT FTQBMEB DBEFSBTZSPEJMMBTTPOFYUSBCMFT
53"+&"5-"/5*4
Ѽ 5SBKF5PVSFSQBSBUPEPUJFNQP Ѽ $SFNBMMFSBQFSJNFUSBMDPOMBRVF
EFDVFSPEFOPCVLIJESPGVHBEP TFQVFEFVOJSFMUSBKFEFQJF[BT
ѭ NN
Ѽ ;POBTFM¡TUJDBTFOMB[POBEFMPT
Ѽ &YUSBPSEJOBSJPDPOGPSUDMJN¡UJDPQPS IPNCSPTZMBFTQBMEB FOFMDVFMMP
MBUSBOTQJSBCJMJEBEOBUVSBMEFMDVFSP MBTNBOHBT MBDJOUVSB MBTSPEJMMBTZ
Ѽ 1SPUFDUPSFTFYUSBCMFT/1FO FOFMEPCMBEJMMPUSBTFSPEFMQBOUBM³O
IPNCSPT DPEPT FTQBMEB DBEFSBT Ѽ $PMPSBOUSBDJUB
ZSPEJMMBT BKVTUBCMFTFOEPTBMUVSBT
QSPUFDUPSEFFTQJOJMMBJODPSQPSBCMF UBMMBTEFDBCBMMFSP
Ѽ #BOEBTSF趌FDUBOUFTFOMPTIPNCSPT ѭѭѭ
Ѽ "KVTUFTEFBODIVSBFOMBDJOUVSBZFO
MPTDJFSSFTEFNBOHBTZQFSOFSBT
*/'03."$*/40#3&&-$6&30
)*%30'6("%0
5SBUBNJFOUPSFQFMFOUFEFBHVBQBSBFMDVFSP4F
MMFWBBDBCPFO#.8.PUPSSBEEFOUSPEFVOUP
OFMDPOVOQSPEVDUPQVOUFSP .4DPUDIHVBSE

6OBIJESPGVHBDJ³O³QUJNBBGFDUBTPMBNFOUF
BMBT趋CSBTEFMDVFSPMPTQPSPTTFNBOUJFOFO
BCJFSUPTZBTTFNBOUJFOFMBUSBOTQJSBCJMJEBE

53"+&%PVCMF3 53"+&41035
/PWFEBE
53"+&%PVCMF3 53"+&41035
Ѽ .POPEFDBSSFSBTEFDPSUFBKVTUBEP Ѽ 5SBKFEFDPNQFUJDJ³OFOEPT
EJTF±P#.8.PUPSSBE.PUPSTQPSU QJF[BTDPOEJTF±P#.8.PUPSSBE
Ѽ $VFSPEFDBOHVSPNVZSFTJTUFOUFBM .PUPSTQPSU
SPDFEFBQSPY NNEFFTQFTPS Ѽ DVFSP/BQQBEFCVFZ NN

Ѽ (SBOEFTJOTFSDJPOFTFM¡TUJDBT ZDVFSPEFDBOHVSPTVNBNFOUF
EF%ZOBUFD SFTJTUFOUFBMSPDF BQSPYNN
Ѽ $VFSPFM¡TUJDP Ѽ 5FDOPMPHB5'-$PPM
Ѽ $VFSPOFHSPDPOUFDOPMPHB Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOMB
5'-$PPM FTQBMEBZMBTDBEFSBT GVFSUFNFOUF
Ѽ 1SPUFDUPSFT/1FOIPNCSPT DPEPT DPTJEPTFOMPTIPNCSPT DPEPTZ
DBEFSB SPEJMMBTZFTQBMEB SPEJMMBT JODPSQPSBCMFFOFMDPYJT
Ѽ 1SPUFDDJ³OEFFTQBMEB )VNQ
Ѽ .BUFSJBMBDPMDIBEPJOUFHSBEP
ZDSFNBMMFSBQBSBJOUFHSBSFMTJTUFNB FOMBDMBWDVMBZFMQFDIP
#.8.PUPSSBE/FDL#SBDF Ѽ %FTMJ[BEPSFTEFBDFSPJOPYJEBCMF
Ѽ ;POBTQFSGPSBEBTFOQFDIP FTQBMEB DPOSFDVCSJNJFOUPEFQM¡TUJDPFO
Ѽ $PMPSFTOFHSPCMBODPSPKP
ZCSB[PTQBSBMPHSBSVOBUFNQFSBUVSB IPNCSPTZDPEPT
Ѽ 5BMMBTEFDBCBMMFSPѭ OPSNBM

DPSQPSBMJEFBM Ѽ $SFNBMMFSBGSPOUBMVUJMJ[BCMF
ѭ DF±JEP
ѭ DPSUP
Ѽ *ODMVZFDIBMFDPJOUFSJPSDPOGVODJ³O UBNCJ©OQBSBWFOUJMBDJ³O
/PWFEBE EFCMPRVFPEFMWJFOUPZGVOEBEFBMUB Ѽ *OTFSDJPOFTFM¡TUJDBTEFDVFSP
DBMJEBE QBSBBTFHVSBSMBN¡YJNBDPNPEJEBE
Ѽ %FTMJ[BEPSFTEFBDFSPJOPYJEBCMF FO[POBTEFIPNCSPT NBOHBT
DPOSFDVCSJNJFOUPTEFQM¡TUJDPFO SJ±POFTZSPEJMMBT
IPNCSPTZDPEPTZEFQM¡TUJDPEVSP Ѽ 1FRVF±BQSPUFDDJ³OEFFTQBMEB
FOMBTSPEJMMBT IVNQ
DPODSFNBMMFSBQBSB
Ѽ $PMPS%PVCMF3B[VMB[VMCMBODPSPKP JOUFHSBSFMTJTUFNB/FDL#SBDF
Ѽ $PMPS%PVCMF3OFHSP
OFHSPCMBODPSPKP
Ѽ 5BMMBTѭѭ
1BRVFUFBUSBDUJWPDPODIBMFDPJOUFSJPS
QBSBUFNQFSBUVSBTN¡TGSBTZVOB
QS¡DUJDBGVOEBDPOWFOUBOJMMBQBSBWFSFM
JOUFSJPSZBTBTQBSBHVBSEBSMB
$IBMFDPJOUFSJPS UBMMBT4ѭ99-
DPO
&MUSBKFEFEPTQJF[BT3BDJOHDPOEJTF±P#.8.PUPSSBE.PUPSTQPSUQFSNJUFEJTGSVUBSEFMB
NBUFSJBMEFCMPRVFPEFWJFOUPFOFM
N¡YJNBDPNPEJEBEHSBDJBTBMDVFSP/BQQBEFDBOHVSPZCVFZFYUSFNBEBNFOUFSFTJTUFOUF
GSPOUBMQBSBUFNQFSBUVSBTFYUFSJPSFT
-PTQSPUFDUPSFT/1QSPUFHFODPOMBEFNPTUSBEBDBMJEBEEF#.8.PUPSSBETPOFYUSBCMFT
N¡TGSBT
FOMBFTQBMEBZMBTDBEFSBT FTU¡O趋SNFNFOUFDPTJEPTFOMPTIPNCSPT DPEPTZSPEJMMBTZ
QVFEFOJODPSQPSBSTFEFTQV©TFOMB[POBEFMDPYJT-PTEFTMJ[BEPSFTEFBDFSPJOPYJEBCMFDPO
SFDVCSJNJFOUPEFQM¡TUJDPDPNQMFUBOMBPQUJNJ[BDJ³OEFMBTFHVSJEBE-BDSFNBMMFSBGSPOUBM
RVFTFQVFEFVTBSDPNPWFOUJMBDJ³O ZFMFRVJQBNJFOUP5'-$PPMHBSBOUJ[BOVOBUFNQFSBUVSB
BHSBEBCMFEFOUSPEFMUSBKF JODMVTPBUFNQFSBUVSBTFMFWBEBT
5SBKFJOUFSJPSEFVOBQJF[B

53"+&45"35
&TUFUSBKFEFDPNCJOBDJ³OEFDVFSPFTQFSGFDUPQBSBJOJDJBSTF
FOMBFYQFSJFODJB4VQFSTQPSUQUJNBNFOUFQSFQBSBEPQBSB
DVBMRVJFSEFTBGP"MHPRVFJOTJOºBFMEJTF±P#.8.PUPSSBE
.PUPSTQPSU&MBCPSBEPDPODVFSP/BQQBEFCVFZBMUB
NFOUFSFTJTUFOUFBMSPDFZFRVJQBEPDPOQSPUFDUPSFT/1趋SNF
NFOUFDPTJEPTFOSPEJMMBT IPNCSPTZDPEPT-PTQSPUFDUPSFT /PWFEBE
EFMBTDBEFSBTZMBFTQBMEBTPOFYUSBCMFT6OHSBOOºNFSPEF
JOTFSDJPOFTFM¡TUJDBTEFDVFSPZBSBNJEBHBSBOUJ[BOVOBKVTUF
BFSPEJO¡NJDPZD³NPEP*EFBMUBOUPQBSBFTDBQBEBTS¡QJEBT
DPNPWJBKFTMBSHPT
/PWFEBE
53"+&45"35
Ѽ 5SBKFEFQPSUJWPEFDVFSPEFEPTQJF[BT
Ѽ DVFSP/BQQBEFCVFZ NN
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOMB
FTQBMEBZMBTDBEFSBT GVFSUFNFOUF
DPTJEPTFOMPTIPNCSPT
DPEPTZSPEJMMBT
Ѽ $PSUFFTQFDJBMEFTF±PSB QBOUBM³O
DPOJOTFSDJPOFTFM¡TUJDBTBEJDJPOBMFT
EFDVFSPFOMBDBEFSB
Ѽ .BUFSJBMBDPMDIBEPJOUFHSBEP
FOMBDMBWDVMB
Ѽ %FTMJ[BEPSFTEFSPEJMMBTEFQM¡TUJDP
EVSPJODPSQPSBCMFT
Ѽ *OTFSDJPOFTFM¡TUJDBTEFDVFSPQBSB
BTFHVSBSMBN¡YJNBDPNPEJEBE
Ѽ *OTFSDJPOFTFM¡TUJDBTEFBSBNJEBFO
MB[POBEFMPTCSB[PTZMBTQJFSOBT
Ѽ $SFNBMMFSBEFVOJ³O
Ѽ 5PEBTMBTDPTUVSBTTPO
EPCMFTPQMBOBT
Ѽ $PMPSFTQBSBTF±PSBOFHSPSPKP
DIBRVFUB
OFHSP QBOUBM³O
Ѽ $PMPSFTQBSBDBCBMMFSPOFHSPB[VM
OFHSPHSJT DIBRVFUB
OFHSP QBOUBM³O
Ѽ 5BMMBTEFDBCBMMFSP
ѭ OFHSPB[VM OFHSPHSJT
TPMPFOѭ

&-$6&30&43&$0/0$*%0$0.06/ 1FSP QPSTVQVFTUP MBDPOGFDDJ³OEFMUSBKF"UMBOUJT BTJFOUPFOMBNPUP-BTQSPUFDDJPOFTEFTNPOUBCMFT
."5&3*"-&-&("/5& 3&4*45&/5&:26& OPFTOBEBTFODJMMB&OQSJNFSMVHBS IBZRVF EF/1QBSBIPNCSPT DPEPT FTQBMEB DBEFSBTZ
/01"4"%&.0%" :-04.0503*45"4-0 FODPOUSBSVODVFSPRVFDVNQMBMBTFTQFDJ趋DBDJPOFT SPEJMMBT EFTBSSPMMBEBTFODPMBCPSBDJ³ODPOCJPNFD¡
)"/&4$0(*%0%63"/5&"041034&3 EFBMUBDBMJEBEFYUSFNBEFVOUSBKF#.8.PUPSSBE OJDPT N©EJDPTFTQFDJBMJTUBTZFYQFSUPTFOJOWFTUJHB
$-*%0:1034641301*&%"%&4%&3& 1BSBRVFQVFEBTFMFDDJPOBSTF MBQJFMEFWBDBEFCF DJ³OEFBDDJEFOUFT QSPQPSDJPOBOVOBBCTPSDJ³OEF
4*45&/$*""-""#3"4*/:"-7*&/50 DBSFDFSEFDVBMRVJFSTF±BMEFIFSJEBPDJDBUSJ[-BT JNQBDUPTN¡YJNB
1&30(3"$*"4"-%&4"330--0%&301"4 QJFMFTQSPDFEFOEFHBOBEPDSJBEPFO"VTUSJBZFMTVS
.45$/*$"4 464-*.*5"$*0/&44& EF"MFNBOJB ZBRVFMBTDPOEJDJPOFTDMJN¡UJDBTEF 1PSºMUJNP TFDPMPDBOMPTMPHPTEF#.8ZTF
)"/)&$)0&7*%&/5&4&-)&$)0%&26& FTBSFHJ³OTPOJEFBMFTQBSBBTFHVSBSQJFMFTSFTJTUFO TPNFUFODIBRVFUBTZQBOUBMPOFTBVOBJOTQFDDJ³O
1&4&$6"/%04&.0+":%&26&/04&" UFTZVOJGPSNFTEFFYUSBPSEJOBSJBDBMJEBE 趋OBMEFDBMJEBEa:UºRVFDSFBTRVFFSBѶTPMPѷVO
.6:53"/41*3"#-&$6"/%04&&/(3"4" USBKFEFUVSJTNPEFDVFSP
)"$&26&-&3&46-5&%*'$*-$0.1&5*3 &MDVFSP趌PSQBTBQPSVOQSPDFTPDPNQMFKPBOUFTEF
$0/6/"/6&7"(&/&3"$*/%&301"%& DPOWFSUJSTFFOVOOPCVLEFDBMJEBETVQFSJPS
'*#3"4"35*'*$*"-&4%&"-5"413&45" &OQSJNFSMVHBS MBTQJFMFTTFDMBTJ趋DBOZTFMJNQJBO
$*0/&41"3".0503*45"4&450&3""4 "OUFTEFWPMWFSBDVSUJSMBTQJFMFT TFB趋OBONFD¡OJ
"/5&4%&-""1"3*$*/%&"5-"/5*4 &- DBNFOUFIBTUBRVFBMDBO[BOVOHSPTPSVOJGPSNFEF
13*.&353"+&%&563*4.0%&$6&30 FOUSF Z NN%FTQV©T NFEJBOUFVOSFDVSUJEP
3&1&-&/5&%&-"(6"&/&-.6/%0 ZVOFOHSBTBEPTFPCUJFOFFMDVFSPTVBWFZFOUFSP 趌FYJCMF5SBTQBTBSVOBJOTQFDDJ³O趋OBM MBTQJFMFTTF
'"#3*$"%0103#.8.05033"% RVFFTMBTF±BMEFJEFOUJEBEEFMUSBKF"UMBOUJTEF DPSUBOFOEPTQBSBGBDJMJUBSFMQSPDFTP TFFNCBMBOZ
#.8.PUPSSBE TFFOWBO
:BFOTVDVBSUBHFOFSBDJ³O FMUSBKFEFDVFSP"UMBOUJT -BFMBCPSBDJ³OZMBTQSVFCBTTFSFBMJ[BOFO"MFNBOJB

6OBWF[TFDP FMDVFSPTFTPNFUFBVOBQSVFCB
SFºOFSFBMNFOUFMPNFKPSEFBNCPTNVOEPT&TUF NJFOUSBTRVFMBDPOGFDDJ³OTFFGFDUºBFO#PTOJB
JOJDJBMEFDBMJEBEBOUFTEFQVMJSMBT趋CSBTN¡TCBTUBT
USBKFEFUVSJTNPQBSBUPEPUJFNQP EFBMUBDBMJEBE Z)FS[FHPWJOB EPOEFPQFSBSJPTFYQFSJNFOUBEPT
EFMEPSTP-BBCSBTJ³OEFMBDBSBTVQFSJPSEFMDVFSP
SFQFMFOUFEFMBHVBZUSBOTQJSBCMF FYUSFNBEBNFOUF ZNVZDVBMJ趋DBEPTIBDFODBEBUSBKFEFBDVFSEP
MPRVFTFDPOPDFDPNPHSBOP
QSPQPSDJPOBBMDVFSP
D³NPEPFJODSFCMFNFOUFFMFHBOUF PGSFDFVOB DPOMBTFTUSJDUBTFTQFDJ趋DBDJPOFTEFDBMJEBEEF
OPCVLTVTVQFS趋DJFBUFSDJPQFMBEB-BTQJFMFTNFKP
DPNPEJEBEDPOBJSFBDPOEJDJPOBEPOBUVSBMFOUPEBT #.8.PUPSSBE
SFTFOUSBOBDPOUJOVBDJ³OFOFMQSPDFTPEFUJODJ³O
MBTDPOEJDJPOFTNFUFPSPM³HJDBT
RVFMFTBQPSUBFMDPMPSBOUSBDJUBRVFQPOFEFSFMJFWF
FMDBS¡DUFSZFMPSJHFOOBUVSBMEFFTUFNBUFSJBM $BEBQJFMQSFTFOUBQSPQJFEBEFTFTQFD趋DBTFO
1FSP D³NPGVODJPOB &TNVZTFODJMMPTFMFIBDF TVTEJTUJOUBTQBSUFT ZTFEFEJDBNVDIPFTGVFS[PB
SFQFMFOUFBMBHVB USBU¡OEPMPNFEJBOUFVOQSPDFTP BTFHVSBSRVFDBEBQJF[BTFDPSUFEFMBTQBSUFTN¡T
1BSBBTFHVSBSRVFFMDVFSPTJHVFTJFOEPJNQFSNFB
FTQFDJBM
EFGPSNBRVFTPMBNFOUFBCTPSCFDPNP BEFDVBEBT EFGPSNBRVFDBEBUSBKFPGSF[DBVOB
CMF TFUSBUBOTVT趋CSBTQBSBRVFTFBOIJES³GPCBT
N¡YJNPFMEFTVQSPQJPQFTP"EJGFSFODJBEFM GVODJPOBMJEBE³QUJNB6OUSBKF"UMBOUJTDPNQMFUP
&MSFTVMUBEPEFFTUFUSBUBNJFOUPFTRVFMPTQPSPT
DVFSPDM¡TJDP OPTFFNQBQBDPOFMBHVBOJTFIBDF SFRVJFSFN¡TEFTFJTNFUSPTDVBESBEPTEFDVFSP
QFSNBOFDFOBCJFSUPTTJOQFSKVEJDBSFOGPSNBBMHVOB
N¡TQFTBEP QPSMPRVFTFTFDBFOTFHVJEB4FUSBUB FMFRVJWBMFOUFBVOBQJFMEFWBDBDPNQMFUB6OBWF[
MBUSBOTQJSBCJMJEBEEFMDVFSP6OBWF[UF±JEPFJNQFS
EFVOQSPDFTPRVF#.8.PUPSSBEIBEFTBSSPMMBEP DPSUBEBT MBTQJF[BTRVFDPNQPOFOMBQSFOEBTF
NFBCJMJ[BEP TFTFDBFMDVFSPZEFTQV©TTFUSBCBKB
DPOKVOUBNFOUFDPO.FJOEM VOBFNQSFTBEFUSBUB NBSDBOFOTVMBEPJ[RVJFSEPEFGPSNBRVFºOJDB
SFQFUJEBNFOUFIBTUBRVFWVFMWFBFTUBSTVBWFZ
NJFOUPDM¡TJDPEFMDVFSPEFMTVSEF"MFNBOJB NFOUFTFDPTBOFOUSFTMBTQJF[BTEFVOUBNB±P
QBSBGPSNBSVOBDIBRVFUBPVOQBOUBM³O
4FBQMJDBBMBTDPTUVSBTVOBUJSBEFNBUFSJBMBEIFTJWP
SFQFMFOUFBMBHVB ZMBTDSFNBMMFSBTFYUFSJPSFTTF
SFWJTUFODPOHPNB-BDPTUVSBTFSFBMJ[BDPOIJMP
:526&$3&"426&&3" EFBMUBDBMJEBEDPOVOBSFTJTUFODJBBMBSPUVSBZB
MBBCSBTJ³OQFSGFDUBNFOUFBEFDVBEBQBSBFMDVFSP
4PMPFMDVFSPSFRVJFSFN¡TEFNFUSPTEFDPTUV
Ѷ40-0ѷ6/53"+&%&563*4.0
SBT N¡TPUSPTNFUSPTQBSBFMGPSSP
&OVOQSPDFTPRVFDPNQSFOEFQBTPT TFSFºOFO
%&$6&30ѿ
TFDDJPOFTJOEJWJEVBMFTEFDVFSP UFMBFM¡TUJDB
NBUFSJBMSF趌FDUBOUF GPSSPT DSFNBMMFSBTZDJFSSFT
BVUPN¡UJDPTQBSBGPSNBSVOUSBKFEFDVFSPEFMB
NFKPSDBMJEBE"MNJTNPUJFNQP TFDPMPDBO[POBT
FM¡TUJDBTFOMBT[POBTEFMPTIPNCSPTZMBFTQBMEB
FMDVFMMP MBTNBOHBTZMBDJOUVSBEFMBDIBRVFUBZFO
FMQBOUBM³OQBSBQSPQPSDJPOBSMBNBZPSDPNPEJEBEEF
VTPQPTJCMF-BTNBOHBTZSPEJMMBTQSFDPOGPSNBEBT
BOJNBOBMNPUPSJTUBBBEPQUBSMBQPTJDJ³O³QUJNBEF

$)"26&5"63#"/ $)"26&5"7&/5*/( $)"26&5""JS4IFMM
/PWFEBE
/PWFEBE
Ѽ $IBRVFUBJNQFSNFBCMF Ѽ $VFMMPU©SNJDPBDPMDIBEP Ѽ $IBRVFUBUFYUJMQBSBDPOEVDJS Ѽ 'SBOKBTSF趌FDUBOUFTEFMBOUF Ѽ 5FKJEPEFQPMJBNJEBSFTJTUFOUFBMSPDF

QBSBMBDJVEBE ZFYUSBCMF MBNPUPDPOUFNQFSBUVSBT ZEFUS¡TQBSBBTFHVSBSVOB Ѽ 5FSNJOBEPDPONBUFSJBM"JS5FYFOBNQMJBT[POBT
Ѽ %JTF±PDM¡TJDP Ѽ 1V±PEFMBNBOHBDPO WFSBOJFHBTFYUSFNBT CVFOBWJTJCJMJEBE Ѽ &TUBODPBMWJFOUP JNQFSNFBCMFZUSBOTQJSBCMFHSB
Ѽ -BNJOBEPEFDBQBT DSFNBMMFSB DVFMMPDPOJN¡O Ѽ .BMMB$PSEVSBSFTJTUFOUFBM Ѽ $SFNBMMFSBEFVOJ³O DJBTBMBJOTFSDJ³OEFNFNCSBOBDMJN¡UJDB$"3&
SFTJTUFOUFBMSPDFEF QBSBFMBKVTUFEFMBBODIVSB SPDFZ%ZOBUFDFM¡TUJDP EFDN Ѽ 1SPUFDUPSFT/1FYUSBCMFTFOIPNCSPTZDPEPT
QPMJBNJEBZQPMJ©TUFS Ѽ CPMTJMMPTFYUFSJPSFTFYUSF Ѽ &YUFOTPNBUFSJBMEFNBMMB Ѽ $IBRVFUBEFTF±PSB Ѽ #PMTJMMPQBSBFMQSPUFDUPSEFFTQBMEB/1
Ѽ *NQFSNFBCMF FTUBODBBM NBEBNFOUFIJESPGVHBEPT USBOTQJSBCMFQBSBVOBWFOUJMB FOUBMMBEB DIBRVFUBEF EJTQPOJCMFQPSTFQBSBEP
WJFOUPZUSBOTQJSBCMFHSBDJBT CPMTJMMPJOUFSJPSJNQFSNFBCMF DJ³O³QUJNB DBCBMMFSPDPODPSUFSFDUP Ѽ .BUFSJBMSF趌FDUBOUF

BMBNFNCSBOBDMJN¡UJDB UPEPTDPODSFNBMMFSB Ѽ 1SPUFDUPSFT4$FYUSBCMFTFO Ѽ $PMPSOFHSP Ѽ 'JOBMZEPCMBEJMMPEFMBNBOHBBKVTUBCMFFOBODIVSB
$"3& Ѽ *NQSFTJ³OSF趌FDUBOUFFO MPTIPNCSPTZMPTDPEPT Ѽ 5BMMBTEFTF±PSB94ѭ9- Ѽ $SFNBMMFSBEFVOJ³O DN
Ѽ 1SPUFDUPSFT/1FYUSBCMFT BOUSBDJUBFOMBNBOHB Ѽ 1SPUFDUPSEFFTQBMEB Ѽ 5BMMBTEFDBCBMMFSP4ѭ999- Ѽ $PMPSOFHSPOF³O

FOMPTIPNCSPTZMPTDPEPT Ѽ $SFNBMMFSBEFVOJ³O /1"JSFYUSBCMF Ѽ 5BMMBTVOJTFY4ѭ999-
Ѽ 1SPUFDUPSEFFTQBMEB EFDN Ѽ CPMTJMMPFOFMQFDIP
/1"JSJODPSQPSBCMF Ѽ $PMPSOFHSP CPMTJMMPTMBUFSBMFT UPEPT
Ѽ 5BMMBT4ѭ999- VOJTFY
DPODSFNBMMFSB

$)"26&5"#06-%&3/&0/ $)"26&5"#06-%&3 $)"26&5"$-6# $)"26&5"$-6#
%&$6&30%&4&03" %&$6&30%&$"#"--&30
Ѽ .BUFSJBMEFSFDJFOUF Ѽ "KVTUFEFBODIVSBFODVFMMP
EFTBSSPMMPUFKJEPEFEPCMF QV±PTZDJOUVSB
DBQB EFQPMJ©TUFSFOMB Ѽ CPMTJMMPTDPODSFNBMMFSB
QBSUFTVQFSJPSQBSBPGSFDFS MBUFSBMFTZCPMTJMMPFOFM
SFTJTUFODJBBMBMV[ZBMPT QFDIPZFOMBNBOHB
DBNCJPTEFDPMPSZEFQP CPMTJMMPJNQFSNFBCMF
MJBNJEBDPNPTFHVOEBDBQB JOUFSJPSFOMBJOTFSDJ³O
QBSBHBSBOUJ[BSMBSFTJTUFODJB Ѽ .BUFSJBMSF趌FDUBOUFFO
BMSPDF MB[POBEFMPTIPNCSPT
Ѽ *NQFSNFBCMF FTUBODBBM Ѽ $SFNBMMFSBEFVOJ³O
WJFOUPZUSBOTQJSBCMFHSBDJBT EFDN
BMBJOTFSDJ³OEFNFNCSBOB Ѽ $PMPSBNBSJMMPOF³O
DMJN¡UJDB$"3&FYUSBCMF Ѽ 5BMMBT4ѭ999- 6OJTFY
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFO
IPNCSPT DPEPTZFTQBMEB
Ѽ "MHPE³OZQPMJBNJEB Ѽ CPMTJMMPTMBUFSBMFTZCPMTJMMP
/PWFEBE IJESPGVHBEBHSBDJBTB8BY FOFMQFDIPZFODBEBCSB[P
'JOJTI CPMTJMMPJNQFSNFBCMFJOUFSJPS
Ѽ *NQFSNFBCMF FTUBODBBM Ѽ .BUFSJBMSF趌FDUBOUF
WJFOUPZUSBOTQJSBCMF FOIPNCSPT
NFEJBOUFJOTFSDJ³OEF Ѽ $SFNBMMFSBEFVOJ³O
Ѽ $IBRVFUBDPSUBQBSBVTBSFO Ѽ CPMTJMMPTFYUFSJPSFT Ѽ $IBRVFUBDPSUBQBSBVTBSFO Ѽ CPMTJMMPTFYUFSJPSFT
NFNCSBOBDMJN¡UJDB$"3& Ѽ $PMPSOFHSPPMJWB
MBNPUPPFODVBMRVJFSPUSB CPMTJMMPTJOUFSJPSFT MBNPUPPFODVBMRVJFSPUSB CPMTJMMPTJOUFSJPSFTDPO
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFO Ѽ 5BMMBTVOJTFY4ѭ999-
PDBTJ³O EFDVFSPEFCVFZ DPODSFNBMMFSB PDBTJ³O EFDVFSPEFCVFZ DSFNBMMFSB
IPNCSPT DPEPTZFTQBMEB
ѭ NN
Ѽ $PNQMFUBNFOUFGPSSBEB ѭ NN
Ѽ $PNQMFUBNFOUFGPSSBEB
Ѽ "KVTUFTEFBODIVSBFO
Ѽ 1SPUFDUPSFT4$NVZMJHFSPT Ѽ $SFNBMMFSBEFVOJ³ODN Ѽ 1SPUFDUPSFT4$NVZMJHFSPT Ѽ $SFNBMMFSBEFVOJ³ODN
DVFMMP CSB[PTZDVFSQP
FOIPNCSPTZDPEPT Ѽ $PMPSOFHSPCMBODP FOIPNCSPTZDPEPT Ѽ $PMPSOFHSPCMBODP
QSPUFDUPSEFFTQBMEB/1 Ѽ 5BMMBT94ѭ- QSPUFDUPSEFFTQBMEB/1 Ѽ 5BMMBT4ѭ999-
1SP"JSJODPSQPSBCMF 1SP"JSJODPSQPSBCMF
Ѽ &MDPSUFEFMBDIBRVFUB Ѽ $PSUFNBTDVMJOPFTUJMJ[BEP
BDFOUºBMBTGPSNBT
DPODSFNBMMFSBTQBSB
SFHVMBSMBBODIVSB

1"/5"-/46..&3 1"/5"-/"--306/% 1"/5"-/$*5:%&/*. 1"/5"-/$*5:
Ѽ %ZOBUFDDPOSFWFTUJNJFOUP Ѽ CPMTJMMPTDPODSFNBMMFSB
/PWFEBE USBOTQJSBCMF MBUFSBMFT IJESPGVHBEB
Ѽ &TJNQFSNFBCMF FTUBODPBM Ѽ $SFNBMMFSBEFVOJ³O
WJFOUPZUSBOTQJSBCMFQPSMB EFDN
NFNCSBOBDMJN¡UJDB$"3& Ѽ $PSUFFTQFDJBMQBSBTF±PSB
/PWFEBE Ѽ %PCMFNBUFSJBMFOSPEJMMB ZDBCBMMFSP
ZHMºUFPT Ѽ 1BOUBM³OEFTF±PSBDPO
Ѽ 1SPUFDUPSFT4$FYUSBCMFT FM¡TUJDPFOMBDJOUVSB
FOMBTSPEJMMBT SFHVMBCMFTFO Ѽ $PNCJOBCMFDPOUPEBTMBT
EPTBMUVSBT
ZFOMBDBEFSB DIBRVFUBT#.8.PUPSSBE
Ѽ "KVTUFEFBODIVSBFOMBDJO Ѽ $PMPSOFHSP
UVSBZEPCMBEJMMPEFQFSOFSB Ѽ 5BMMBTEFDBCBMMFSP4ѭ999-
/PWFEBE
Ѽ 1BOUBM³OGVODJPOBMZWFSBOJFHP Ѽ -BQFSOFSBDPODSFNBMMFSB
QBSBNPUPSJTUB TFQVFEFTFQBSBSBMBBMUVSB
Ѽ .BUFSJBMSFTJTUFOUFBMSPDF EFMBSPEJMMB
DPOVOBMUPQPSDFOUBKFEF Ѽ $JOUVS³OUFYUJMDPOMBNBSDB Ѽ 1BOUBM³ODPOBTQFDUP Ѽ *ODMVZFDJOUVS³O
BMHPE³O #.8.PUPSSBEFOMBIFCJMMB WBRVFSP Ѽ $SFNBMMFSBEFVOJ³OEF
Ѽ %PCMFNBUFSJBMFOSPEJMMB Ѽ "KVTUFEFBODIVSBFOFM Ѽ .F[DMBEFBMHPE³OZ$PSEVSB DN DPNCJOBCMFDPOUPEBT
ZHMºUFPT EPCMBEJMMPEFMBQFSOFSB SFTJTUFOUFBMSPDF MBTDIBRVFUBTEF
Ѽ 1SPUFDUPSFT4$FYUSBCMFT Ѽ $SFNBMMFSBEFVOJ³OEFDN Ѽ 0CUJFOFQPDPBQPDPFM #.8.PUPSSBE Ѽ 1BOUBM³OEFWFSBOP Ѽ *ODMVZFDJOUVS³O
FOMBTSPEJMMBT SFHVMBCMFTFO Ѽ $PMPSFTTBIBSB OFHSP BTQFDUPEFWBRVFSPVTBEP Ѽ "KVTUBCMFFOBODIVSB Ѽ .F[DMBEFBMHPE³OZ Ѽ $SFNBMMFSBEFVOJ³O DN

EPTBMUVSBT
ZFOMBDBEFSB Ѽ 5BMMBT94ѭ999- VOJTFY
Ѽ 1SPUFDUPSFT/1FYUSBCMFTFO Ѽ $PMPSJOEJHPDPOMJHFSP $PSEVSB SFTJTUFOUFBMSPDF DPNCJOBCMFDPOUPEBTMBT
MBTSPEJMMBT EPCMFSFHVMBDJ³O BTQFDUPMBWBEP Ѽ 1SPUFDUPSFT/1FYUSBCMFTFO DIBRVFUBTEF#.8.PUPSSBE
FOBMUVSB
Ѽ 5BMMBTVOJTFY94ѭ999- MBTSPEJMMBT Ѽ "KVTUBCMFFOBODIVSB
EPCMFSFHVMBDJ³OFOBMUVSB
Ѽ $PMPSHSJT
Ѽ CPMTJMMPTEFDSFNBMMFSB Ѽ 5BMMBTVOJTFY94ѭ999-

-"139*."7&;26&4"-("4$0/56
.050:5&4*&/5"41305&(*%0%&-
'30 $0/'035"#-&:4&$0$0/56 #.8.PUPSSBESFBMJ[B QPSTVQVFTUP NVDIPN¡T
&26*1".*&/50 %"-"4(3"$*"4"-04 USBCBKPFOEJWFSTPTMBCPSBUPSJPTQBSBBTFHVSBSRVFMB
&.1-&"%04%&#.8.05033"%26& SPQBQBSBNPUPSJTUBRVFDPNQSBTEVSFNVDIPUJFN
)"/1"35*$*1"%0&/-04&/4":04:&- QPZMV[DBUBOJNQFDBCMFDPNPFMEBRVFMBDPN
%&4"330--0%&/6&453"301"1"3" QSBTUF JODMVTPUSBTWBSJPTB±PTEFVTP1SPCBNPTMB
.0503*45"4&4504)0.#3&4:.6+& SFTJTUFODJBEFMDPMPSBMBMV[ FMTPM FMTVEPS FMBDFJUF
3&4 .6$)04%&&--04$*&/5'*$04 ZMBHBTPMJOB"EFN¡T TFQSVFCBOUPEPTMPTUFKJEPT
505"-.&/5&&/53&("%04"4653"#" QPSTFQBSBEPQBSBEFUFSNJOBSTVUSBOTQJSBCJMJEBE
+0 7"/.4"--%&464'6/$*0/&4 SFTJTUFODJBEFMBTDPTUVSBTZSFTJTUFODJBBMBUSBDDJ³O
1"3"26&16&%"4$0/'*"31-&/".&/5& 5BNCJ©ODPNQSPCBNPTFORV©NFEJEBOVFTUSPT
&/50%"/6&453"("."%&301" UFKJEPTSFTJTUFOFMMBWBEPJOUFOTJWPZMPTDJDMPTEFMB
$PNPQBSUFEF#.8(SPVQ UFOFNPTMBTVFSUFEF
&41&$*"-*;"%"1"3".0503*45"4 MBWBEPSB QBSBRVFQVFEBTNFUFSMBSPQBTVDJBFO
DPOUBSDPOBDDFTPBVOPEFMPTUºOFMFTEFWJFOUP
FTUB DPOMBUSBORVJMJEBEEFTBCFSRVFUFTFHVJS¡
N¡TBWBO[BEPTEFMNVOEP RVFOPTQFSNJUFNBOUF
-PTFRVJQBNJFOUPTQBSBNPUPSJTUBTEF#.8TPO RVFEBOEPCJFODVBOEPFTU©MJNQJBZTFDB ZUF
OFSOPTQPSEFMBOUFEFOVFTUSPTDPNQFUJEPSFTFO
EFTBSSPMMBEPTDPOFYRVJTJUPDVJEBEPQBSBHBSBOUJ[BS PGSFDFS¡MBTNJTNBTDVBMJEBEFTEFQSPUFDDJ³OEFM
NBUFSJBEFJOWFTUJHBDJ³OBFSPEJO¡NJDB-BTJNVMB
FMN¡YJNPQMBDFSEFDPOEVDJS DPOJOEFQFOEFODJB GSPZSFTJTUFODJBBMBDMJNBUPMPHBRVFBOUFT
DJ³OEFMBTDPOEJDJPOFTEFDPOEVDDJ³OBEJWFSTBT
EFMDMJNB1FSPOPQJFOTFTOJQPSVONPNFOUPRVF WFMPDJEBEFTZTJUVBDJPOFTFOFMUºOFMEFMWJFOUPOPT
TPMPTFQSVFCBODPOSPCPUTFOMPTMBCPSBUPSJPT &ODVBOUPBMBSFTJTUFODJBBMBBCSBTJ³O PCWJBNFOUF
QFSNJUFEFUFSNJOBSFMDPSUF趋OBMEFMBTQSFOEBT EF
/VFTUSPTFNQMFBEPTBNBOFMNPUPDJDMJTNP ZDPNP OPFNQMFBNPTBOVFTUSPQFSTPOBMDPNPNBOJRVT
NBOFSBRVFUFKJEP DSFNBMMFSBT CPMTJMMPTZDVFMMPTOP
FMMPTTPOUBNCJ©ONPUPSJTUBT TBCFORVFVOFRVJQB FOMBQSVFCBEFJNQBDUPT TJOPRVFDPO趋BNPTFO
TFNVFWBODPOMBCSJTBZEJTUSBJHBOBMNPUPSJTUB"MHP
NJFOUPJOBEFDVBEPZEF趋DJFOUFOPFTºOJDBNFOUF JOTUBMBDJPOFTEFQSVFCBDPOUSPMBEBTQPSPSEFOBEPS
NVZJNQPSUBOUFFTRVFOVFTUSPTDBTDPTTFQSVFCBO
VOBEJTUSBDDJ³O TJOPBTJNJTNPVOQFMJHSPQPUFODJBM RVFOPTQFSNJUFOTJNVMBSFMEFTMJ[BNJFOUPZMBEFDF
ZTFEFTBSSPMMBOFOFMUºOFMEFMWJFOUPQBSBPGSFDFSMB
#BTUBVOBDPSSJFOUFEFBJSF VOQV±PTJOBTFHVSBSP MFSBDJ³OEFVONPUPSJTUBRVFIBTVGSJEPVOJNQBDUP
N¡YJNBF趋DJFODJBBFSPEJO¡NJDB QPSRVFVOBNBZPS
VOBDPTUVSBOPFTUBODBQBSBEFTWJBSMBBUFODJ³OEFMB MMFWBOEPOVFTUSPFRVJQBNJFOUP
SFTJTUFODJBBMWJFOUPFOMB[POBEFMBDBCF[BZMPT
DBSSFUFSBDVBOEPN¡TOFDFTBSJBFT&TQPSFMMPRVF IPNCSPTQVFEFSFQFSDVUJSTJHOJ趋DBUJWBNFOUFFOMB
FOOVFTUSBBNQMJBWBSJFEBEEFQSPHSBNBTEFQSVFCB 4JOJODVSSJSFOFYDFTJWPEFUBMMF MBTNVFTUSBTEF
DPODFOUSBDJ³OZMPTOJWFMFTEFFOFSHBEFMNPUPSJTUB
TFQSFTUBFOPSNFBUFODJ³OBMN¡TNOJNPEFUBMMF NBUFSJBMFTFOEFTBSSPMMPTFDPMPDBOFOVOCBODPEF
QSVFCBTHJSBUPSJPZTFCBKBOBVOBQJTUBEFMBCPSBUP
4PCSFVOBNPUP NBOUFOFSTFTFDPFTUBOJNQPSUBO
SJPEFIPSNJH³OPBTGBMUP TJNJMBSBMBTVQFS趋DJFEF
UFDPNPFTUBSQSPUFHJEPEFMGSP ZFOOVFTUSBD¡NBSB
VOBDBSSFUFSB
EFTEFVOBBMUVSBQSFEFUFSNJOBEB4F
EFMMVWJB QVMWFSJ[BNPTN¡TBHVBFOMBSPQBEFNP
FNQMFBVONOJNPEFNVFTUSBTZTFUPNBOMBT
UPSJTUBEFMBRVFKBN¡TWFSBTFOMBDBSSFUFSB JODMVTP
NFEJDJPOFTBWBSJBTWFMPDJEBEFT-BDPO趋HVSBDJ³O
FOMBQFPSUPSNFOUB1PSFTP DVBOEPEFDJNPTRVF
HFOFSBMEFMBTJOTUBMBDJPOFTEFQSVFCBTJNVMBVO
VOUSBKFEFNPUPSJTUBFTSFTJTUFOUFBMBHVB QVFEFT
NPUPSJTUBEFLJMPHSBNPT1PSPUSBQBSUF MBT
FTUBSTFHVSPEFRVFFTWFSEBE/PTPMPQSPCBNPT
NVFTUSBTTFQSVFCBOMPOHJUVEJOBM USBOTWFSTBMZEJB
NFSBNFOUFFMUFKJEPFOMBD¡NBSBEFMMVWJB TJOP
HPOBMNFOUFDPOSFMBDJ³OBMBEJSFDDJ³OQSJODJQBMEF
UBNCJ©OMBTQSFOEBTBDBCBEBT ZMPIBDFNPTFO
MBUFYUVSB%FTQV©TEFUPEP MBSFBMJEBEFTRVFVO
IVNBOPT OPFONBOJRVTEFQSVFCB
130#"%04)"45"&--.*5&1"3"
NPUPSJTUBQVFEFTVGSJSVOJNQBDUPDVBOEPWJBKBFO
DVBMRVJFSEJSFDDJ³OZWFMPDJEBE
5BNCJ©OPDVSSFMPNJTNPFOMBD¡NBSBEFGSP FOMB
RVFTFQSVFCBOMBTQSPQJFEBEFTU©SNJDBTEFOVFT
&TUFUJQPEFQSPDFEJNJFOUPEFQSVFCBTGBDJMJUBWBMJP
("3"/5*;"3564&(63*%"%
USPTFRVJQBNJFOUPTEFNPUPSJTUBQBSBUPEPFMB±P
TBJOGPSNBDJ³OTPCSFMBTDVBMJEBEFTBCSBTJWBTEF
QBSBHBSBOUJ[BSRVFDVNQMFOFYBDUBNFOUFMPRVF
UPEPTMPTUJQPTEFNBUFSJBMFTZQFSNJUFMBFWBMVBDJ³O
QSPNFUFO ZRVFBZVEBOBNBOUFOFSMBUFNQFSBUVSB
DJFOU趋DBQBSBEFUFSNJOBSTJVOUFKJEPDPODSFUPFT
DPSQPSBMBVOOJWFMDPOGPSUBCMF QFSNJUJFOEPRVFFM
BEFDVBEPQBSBTVVTPQPSNPUPSJTUBT1VFEFTFTUBS
NPUPSJTUBMMFHVFBTVEFTUJOPDPOTFOTBDJ³OEF
USBORVJMPEFRVFDVBOEPMMFWFTVOFRVJQBNJFOUP
CJFOFTUBS
QBSBNPUPSJTUBT#.8.PUPSSBE FTUFTFIBCS¡
QSPCBEP EFTBSSPMMBEP EJTF±BEPZQSPEVDJEPQBSB
DVNQMJSTVPCKFUJWPQFSNJUJSUFEJTGSVUBSEFMQMBDFSEF
DPOEVDJS

#05"4%PVCMF3 #05"44&$63*5:&70(
Ѽ #PUBTEFQPSUJWBTEFBMUBDBMJEBE 4*45&."%&$0/530- Ѽ #PUBTEFDBSSFSBDPOU©DOJDBEFTFHVSJEBEEFBHBSSF

Ѽ .BUFSJBMFYUFSJPSEFDVFSPTJOU©UJDPFTQFDJBM %&5034*/5$4 Ѽ *OUFSJPSEFOFPQSFOPFYUSBCMF
NN QBSDJBMNFOUFQFSGPSBEP &TUFTJTUFNBFTU¡DPNQVFTUPQPSEPTDBQBTQBSB Ѽ &
MJOUFSJPSZFMFYUFSJPSEFOFPQSFOPUBNCJ©O
Ѽ 'PSSPQFSGPSBEP USBOTQJSBCMF FMUBM³OZVOBSNB[³OEFEPTQJF[BTRVFGVODJPOBO TFQVFEFODPOTFHVJSQPSTFQBSBEP
Ѽ 5$44ZTUFNQBSBMBFTUBCJMJ[BDJ³O FOQFSGFDUBBSNPOB-PTQV±PTEFQM¡TUJDPEBO Ѽ %FTMJ[BEPSOPSNBMZSFGPS[BEPDPNPTVTUJUVDJ³O
EFMBQSPUFDDJ³OEFMQJF BQPZPZFTUBCJMJEBEBMQJFZFWJUBOMBTUPSTJPOFTZ Ѽ $PMPSOFHSPCMBODP
Ѽ 1SPUFDDJ³ODPOUSBSPDFTEFTMJ[BEPSFTMBUFSBMFT MPTFTUJSBNJFOUPTEFMUPCJMMPIBDJBVOMBEPZIBDJB Ѽ 5BMMBTѭ
EFQBOUPSSJMMBZEFUBM³OSFDBNCJBCMFT BEFMBOUFQPSFODJNBEFMPRVFTFSBOPSNBM%F
Ѽ 1SPUFDDJ³OEFFTQJOJMMBEFGPSNBBOBU³NJDB FTUBGPSNBFM5$4SFEVDFDPOTJEFSBCMFNFOUFFM *OUFSJPSEFOFPQSFOP
Ѽ 4VFMBFYUFSJPSSFTJTUFOUFBMSPDF SJFTHPEFMFTJPOFTFOFMUPCJMMP&MBSNB[³OFT Ѽ 'VOEBEVSBEFBSBNJEBSFTJTUFOUFBMBEFGPSNBDJ³O
Ѽ $SFNBMMFSBZHSBOTVQFS趋DJFEFWFMDSP N³WJM QPSMPRVFFMQJFUJFOFMBNBZPSNPWJMJEBE Ѽ 1SPUFDDJ³OEFFTQJOJMMBTEFDBQBT
QBSBVOG¡DJMBDDFTP QPTJCMF QSPQPSDJPOBOEPN¡TDPNPEJEBE Ѽ 1
JF[BBCTPSCFOUFEFJNQBDUPTFOMB[POB
Ѽ $PSEPOFTFOFMJOUFSJPSQBSBVOBKVTUFQFSGFDUP EFMBQBOUPSSJMMBZEFMUBM³O
Ѽ $PMPSCMBODPOFHSP 5$4FTVOBQBUFOUFEF/BWJBUJPO.PUPSCJLF4QB Ѽ 6OJ³OEFBSUJDVMBDJPOFTSFTJTUFOUF
Ѽ 5BMMBTѭ Ѽ ;POBFYUFOTJCMFEFBSBNJEBQBSBGBDJMJUBSFMNPWJNJFOUP
Ѽ 5BMPOFSBBOBU³NJDBDPOGPSNBEFFTGFSB
Ѽ 5
FKJEPEFBSBNJEBEFEJTDPTQBSBMB[POB
EFMPTEFEPTEFMPTQJFT
/FPQSFOPFYUFSJPS
&MUBM³OEPCMFFTU¡SFGPS[BEPDPODBSCPOP
Ѽ $VFSPEFDBOHVSPSFTJTUFOUFBMEFTHBTUF
Ѽ 3FGVFS[PEFQPMJVSFUBOPQBSBFMQFEBMEFDBNCJP
Ѽ 4
VFMBSBDJOHFTQFDJBMBOUJEFTMJ[BOUFDPOMOFBT
4*45&."%&$0/530- &45"#*-*%"%&/50%"4
#05"44QPSU%SZ %&-.&5"5"340.$4 -"44*56"$*0/&4
EFMBQFTUB±BEFMUBD³OSFEPOEFBEBT
Ѽ -PHPBEIFTJWP#.8.PUPSSBE
&MTJTUFNB.$4TFEJTF±³QBSBFWJUBSMFTJPOFTQPS (SBDJBTBM5$4ZFM.$4 OPTFCMPRVFBFMQJF
趌FYJPOFTFYUSFNBTEFMIVFTPNFEJPEFMQJF&M BMNPWFSTFIBDJBVOMBEP JNBHFOJ[RVJFSEB
OJ
TJTUFNBTFGVOEBNFOUBFOVOBCBTFSFTJTUFOUFEF MPOHJUVEJOBMNFOUF JNBHFOEFSFDIB
&OTJUVBDJPOFT
QPMJBNJEBDPOVODFOUSPEFSPUBDJ³OBMBBMUVSBEFM FTQFDJBMNFOUFDSUJDBTFTUPTTJTUFNBTDPOUSJCVZFO
Ѽ #PUBTEFQPSUJWBTDPOEFTMJ[BEPSFT NºTDVMP趌FYPS RVFDPOUSPMBFMNPWJNJFOUPEFMQJF BNJOJNJ[BSFMSJFTHPEFMFTJPOFT
FOMBUFSBMZUBM³OSFDBNCJBCMFT IBDJBBSSJCBZIBDJBBCBKPZRVFFOMBNFEJEBEFMP
Ѽ .BUFSJBMFYUFSJPSDVFSPJOUFHSBMEFCVFZ QPTJCMFFWJUBVOBDBSHBFYDFTJWBFOFMIVFTPNFEJP
ѭ NN
DVFSPTJOU©UJDPFOMBQBSUF
USBTFSBEFMBDB±B
EFMQJF&TUBQPTJDJ³OFTQFDJBMEFMBBSUJDVMBDJ³O 5&$/0-0("%&$03";"
HBSBOUJ[BMJCFSUBEEFNPWJNJFOUPTZVOBTFOTBDJ³O
Ѽ *NQFSNFBCMFT FTUBODBTBMWJFOUPZUSBOTQJSBCMFT FTUVQFOEBBMDBNCJBSEFNBSDIB&MBDFSPFTQFDJBM
%63" /$-&0#-"/%0
HSBDJBTBMBNFNCSBOB(03&5&9n EFMEFTMJ[BEPSMBUFSBMFTFTQFDJBMNFOUFSFTJTUFOUF 1PTJDJ³OFTU¡OEBS 1PTJDJ³OFTU¡OEBS &M4FDVSJUZ&WP(OPFTVOTPMPDBM[BEP TJOP
Ѽ 1SPUFDDJ³OEFBSUJDVMBDJPOFTSFTJTUFOUFBMBUPSTJ³O BMSPDF-BTSBOVSBTEFWFOUJMBDJ³OFWJUBOFMTPCSF EPT1BSBPGSFDFSEPCMFTFHVSJEBE&OFMJOUF
HSBDJBTBMTJTUFNBEFDPOUSPMEFUPSTJ³O 5$4
DBMFOUBNJFOUPZQPTJCJMJUBOVOBDPSSJFOUFEFBJSF SJPS MBDVCJFSUBEVSBEFBSBNJEBQSPQPSDJPOBMB
Ѽ 1VOUFSBJODPSQPSBEB DPOTUBOUFQBSBMBWFOUJMBDJ³OEFMBTVFMBNFEJBOUF N¡YJNBFTUBCJMJEBEZQSPUFDDJ³O趋BCMFGSFOUF
Ѽ "NPSUJHVBDJ³OFOFMUBM³O DBOBMFTEFBJSFJOUFSJPSFT BMBGVFS[BEFDIPRVFZEFQSFTJ³O&MFYUFSJPS
Ѽ 4VFMBJOUFSJPSMBWBCMF EFDVFSPEFDBOHVSPPGSFDF DPOFMNJTNP
Ѽ $PMPSOFHSP /PWFEBE FTQFTPS BºONFKPSQSPUFDDJ³OGSFOUFBMSPDF
Ѽ 5BMMBTѭ RVFFMDVFSPEFCVFZ0USBWFOUBKBFTMBTFQB
SBDJ³OFOUSFFMJOUFSJPSZFMFYUFSJPS&M4FDVSJUZ
&WP(QVFEFSFQBSBSTFDPOGBDJMJEBEFODBTP
EFFNFSHFODJB&TUBTCPUBTEFQPSUJWBTFTU¡O
DPODFCJEBTUBNCJ©O TJODPODFTJPOFT QBSBMPT
DJSDVJUPTEFDPNQFUJDJ³O
.POUVSBEFQM¡TUJDP
NPWJCMF

#05"43"--:&(4130 #05"4"JS'MPX #05"4 #05"4$*5:
1305063*/(
/PWFEBE
Ѽ $VFSPEFCVFZTVBWFEFHSBOPHSVF Ѽ $F±JEPDPOGPSSPEFWFMPVST
TP BQSPYJNBEBNFOUF NN
Ѽ 4VFMBJOUFSJPSMBWBCMF EFGPSNB
Ѽ #PUBTEF&OEVSPEFBMUBDBMJEBE Ѽ "ODIVSBEFMBDB±BBEBQUBEB Ѽ .BUFSJBMFYUFSJPSNF[DMB Ѽ .BUFSJBMSF趌FDUBOUFFOFMUBM³O IJESPGVHBEP BOBU³NJDBDPOGVODJ³OBOUJCBDUFSJBOB Ѽ #PUBTMJHFSBTEFDVFSPQBSB Ѽ -JHFSBQSPUFDDJ³OEFMUPCJMMP
Ѽ .BUFSJBMFYUFSJPSDVFSPEFCVFZEF BQS³UFTJTPSUPQ©EJDBT EFUFMBZDVFSP Ѽ 1MBOUJMMBBOBU³NJDBZFYUSBCMF Ѽ 4VNBNFOUFUSBOTQJSBCMFTF Ѽ ;POB趌FYJCMFFOUBMPOFTZFNQFJOF TVVTPFODJVEBE Ѽ -JHFSPSFGVFS[PFOMBDB±B
HSBOPHSVFTPZQM¡TUJDPSHJEP Ѽ $B±BDPONFDBOJTNPEFBSUJDVMBDJ³O Ѽ .BUFSJBMSFUJDVMBEP"JS5FY Ѽ "MUVSBEFMBDB±BBQSPYDN JNQFSNFBCMFTHSBDJBTBMB Ѽ 1SPUFDDJ³OEFUBMPOFTDPOUSBSPDF Ѽ 'PSSPZTVFMBJOUFSJPSEFDVFSP Ѽ $PMPSOFHSP
Ѽ *OUFSJPSFYUSBCMFEFOFPQSFOPFM¡TUJDP Ѽ 4FODJMMPTJTUFNBEFDJFSSFGSPOUBM Ѽ 3FGVFS[PTFOFTQJOJMMBZUPCJMMP Ѽ $PMPSOFHSP NFNCSBOB(03&5&9n Ѽ "KVTUFFYUSB趋OPZNBZPSFTUBCJMJEBE Ѽ 4VFMBFYUFSJPSDPOJOTFSDJ³OEFDVFSP Ѽ 5BMMBTѭ
Ѽ $VFSPHSBCBEPFOMBQBSUFJOUFSJPSEF Ѽ "NQMJBPGFSUBEFSFDBNCJPT Ѽ 3FGVFS[PTFOQVOUFSBZUBM³O Ѽ 5BMMBTѭ Ѽ 1SPUFDDJ³OEFFTQJOJMMBTEFHSBO FOMBCPUBFTQFDJBMEFTF±PSB Ѽ ;POBTFM¡TUJDBTFODB±BZDSFNBMMFSB
MBQBOUPSSJMBQBSBGBWPSFDFSMBTVKFDJ³O Ѽ $PMPSOFHSPWFSEF TVQFS趋DJF FOEVSFDJEBZBDPMDIBEB Ѽ $PMPSOFHSP
BMEFQ³TJUP Ѽ 5BMMBTEFDBCBMMFSPѭ DPOFTQVNB Ѽ 5BMMBTEFDBCBMMFSPѭ
Ѽ 1MBOUJMMBFYUSBCMFZMBWBCMF Ѽ 1SPUFDDJ³OQBSBFMQFEBM Ѽ 5BMMBTEFTF±PSBѭ
EFDBNCJPEFNBSDIB
K #05"44"/5*"(0 #05"4"--306/% ;"1"5*--"4 4OFBLFS9
/PWFEBE
Ѽ ;BQBUJMMBTEFDVFSPEFBMUVSBNFEJB Ѽ 4VFMBFYUFSJPSEFHPNB Ѽ ;BQBUJMMBEFNFEJBBMUVSBQBSBTVVTP Ѽ 1SPUFDDJ³OQBSBFMQFEBM

BEFDVBEBTQBSBMBDJVEBE ZEFQFS趋MMJHFSP FOMBNPUPZFOFMUJFNQPMJCSF EFDBNCJPEFNBSDIB
Ѽ DVFSPEFCVFZTVBWFEFHSBOP Ѽ 4VFMBJOUFSJPSEFDVFSPQFSGPSBEP MJHFSBZUSBOTQJSBCMF Ѽ 3FGVFS[PTMJHFSPTFOUPCJMMPT UBMPOFT
Ѽ 3FTJTUFOUFDVFSPEFCVFZ Ѽ $JFSSFTS¡QJEPTEFBMVNJOJP Ѽ $VFSPZ$PSEVSBEFBQSPY NN Ѽ 5PCJMMPZFTQJOJMMBSFGPS[BEPTDPO HSVFTP MJHFSBNFOUFIJESPGVHBEPZ FYUSBCMFDPOBNPSUJHVBDJ³OFOMB Ѽ .F[DMBEFDVFSPZUFYUJM ZQVOUFSBT MPTUBMPOFTDVFOUBODPO
ѭ NN
IJESPGVHBEP DPOFGFDUPNFNPSJB EFFTQFTPS FTQVNBZNBUFSJBMQM¡TUJDP BHSBEBCMFBMUBDUP [POBEFMUBM³O Ѽ 'PSSPGVODJPOBMUSBOTQJSBCMF VOSFGVFS[PBEJDJPOBM
Ѽ &TUBODBTBMBHVBZBMWJFOUPHSBDJBT Ѽ 1VOUFSBTNFU¡MJDBT Ѽ .FNCSBOB(03&5&9nJNQFSNFB Ѽ 3FGVFS[PFOUBD³OZQVOUFSB Ѽ -JHFSBTZNVZUSBOTQJSBCMFT Ѽ 5BM³OJOUFSJPSSFGPS[BEPDPODVFSP Ѽ 4VFMBJOUFSJPSMBWBCMFZFYUSBCMFDPO Ѽ $PMPSOFHSP
BMBNFNCSBOB(03&5&9n EFBDFSP趋OPDPOMPHPUJQP CMFZNVZUSBOTQJSBCMF Ѽ $PMPSOFHSP Ѽ $F±JEPEFDB±BZUPCJMMPBDPMDIBEP Ѽ 'SBOKBTSF趌FDUBOUFTTPCSFMPTUBMPOFT TVQFS趋DJFBOUJCBDUFSJBOB MBEPJOGFSJPS Ѽ 5BMMBTѭ
Ѽ *OTFSDJPOFTEF,FWMBS Ѽ $PMPSOFHSP Ѽ .BUFSJBMSF趌FDUBOUFFOFMUBM³O Ѽ 5BMMBTѭ DPOFTQVNB Ѽ $PMPSOFHSP EFFTUSVDUVSBMJHFSBQBSBVOBNFKPS
Ѽ 1MBOUJMMBFYUSBCMF Ѽ 5BMMBTѭ Ѽ 5BMMBTѭ DBCBMMFSP
DJSDVMBDJ³OEFMBJSF
EJTQPOJCMFDPNPQJF[BEFSFQVFTUP

/VFTUSPTOVFWPTQSPUFDUPSFT/1TPOUBOTVBWFTRVF
OJUBOTJRVJFSBUFEBS¡TDVFOUBEFRVFMPTMMFWBT&O
SFBMJEBEOPRVJFSFTTFOUJSMPT TPMPEFTFBTTBCFSRVF
&46/)&$)0*//&("#-&26&-04.050 TJBMHVOBWF[MPTOFDFTJUBT MBFTQVNBFTQFDJBM
3*45"440/646"3*0476-/&3"#-&4%& TVBWF 趌FYJCMFZBNPSUJHVBEPSBEFHPMQFTUFQSPUF
-"$"33&5&3" "1&4"3%&4&3$0/4* HFS¡BMN¡YJNP
%&3"%04.4"7&/563&30426&-"
.":03"&/46#426&%"%&-"76&-5" 2VFSFNPTRVFEJTGSVUFTDPOEVDJFOEPUVNPUPDJDMF
.431*%"0-""7&/563"%&.4 -BTFHVSJEBEFT QPSTVQVFTUP MBQSJPSJEBEOºNFSP UB DPOJOEFQFOEFODJBEFMBDMJNBUPMPHB&TQPSFMMP
9*50'6&3"%&-"$"33&5&3" 0"-&9 VOPFOFMEFTBSSPMMPEFMFRVJQBNJFOUPQBSBNPUPSJT RVFIFNPTDFOUSBEPOVFTUSPTFTGVFS[PTFOUPEPTZ
1-03"36//6&701"4 10/&/"136&#" UBT#.8.PUPSSBE EFTEFMBTFMFDDJ³OEFMPTNBUF DBEBVOPEFMPTEFUBMMFT&MFNFOUPTRVFOJUBOTJ
4641301*04-.*5&4 $0/-"53"/26*-* SJBMFTIBTUBMPTN©UPEPTEFFOTBZP-PTOJWFMFTEF RVJFSBBEWFSUJSBT BNFOPTRVFOPMPTUVWJFSBT
TPO
%"%%&4"#&326&46&26*1".*&/50%& TFHVSJEBEEFMTFDUPSTPOFMFWBEPT QFSPMPTOVFTUSPT MBTDSFNBMMFSBTBQSVFCBEFMWJFOUP MBTDPTUVSBT
.0503*45"$6*%"3%&&--04&/$"40 MPTPOBºON¡T&TBFTMBSB[³OQPSMBRVFºOJDBNFO JNQFSNFBCMFTZMPTUFKJEPTUSBOTQJSBCMFTRVFEFUJF
/&$&4"3*0 UFTFMFDDJPOBNPTNBUFSJBMFTEFMBN¡YJNBDBMJEBE OFOMBMMVWJBBMBWF[RVFBMFKBOFMDBMPSZMBIVNFEBE
DPNP,FQSPTIJFMEPDVFSPSFTJTUFOUFBMEFTHBSSP EFMDVFSQP FJODMVTPBMHVOPTQVFEFOSFHVMBSMB
%FTEFRVFDPNFO[³BGBCSJDBSSPQBZBDDFTPSJPTQBSB FTQFDJBMNFOUFUSBUBEP RVFTFTPNFUFOBFOTBZPT UFNQFSBUVSBDPSQPSBM
NPUPSJTUBTIBDFN¡TEFB±PT #.8.PUPSSBEIB EFEFTUSVDDJ³OFOOVFTUSBTQSPQJBTJOTUBMBDJPOFT
BQMJDBEPTJFNQSFMPTN¡YJNPTOJWFMFTEFDBMJEBEFO FTQFDJBMFT&TUPOPTQFSNJUFHBSBOUJ[BSRVFUPEPT &OQPDBTQBMBCSBT OVFTUSPPCKFUJWPFTEFTBSSPMMBS
FMEJTF±PZMBGBCSJDBDJ³OEFTVTQSPEVDUPT DPOMB ZDBEBVOPEFOVFTUSPTQSPEVDUPTDVNQMBOMBT QSFOEBTBWBO[BEBTRVFNBOUFOHBOFMDBMPSZMB
趋MPTPGBEFRVFMBDPNPEJEBEZMBQSPUFDDJ³OTPOMB FTUSJDUBTOPSNBTEFTFHVSJEBEEF#.8.PUPSSBE TFRVFEBEFODPOEJDJPOFTEFGSPZIVNFEBE BT
QSJPSJEBEN¡TJNQPSUBOUF NVDIPN¡TFYJHFOUFTRVFMBTEFMTFDUPS4PMPFOUPO DPNPFMGSFTDPDPOUFNQFSBUVSBTFMFWBEBT1PSRVF
DFTSFDJCJS¡MBQSFOEBFMTFMMPEFBQSPCBDJ³O$"3& DSFFNPTRVFVONPUPSJTUBD³NPEPFTU¡UBNCJ©O
$POOVFTUSPQSPQJPTFMMP$"3& EFKBNPTDPOTUBO N¡TQSPUFHJEP
DJBEFMPTB±PTEFJOWFTUJHBDJ³O EFTBSSPMMPZFOTBZPT &MQFOTBNJFOUPZMBJOOPWBDJ³OUSBTOVFTUSPTQSP
QSFTFOUFTFOUPEPTOVFTUSPTQSPEVDUPT-BTTJHMBT EVDUPTQSPDFEFOEFVOFRVJQPFTQFDJBMJ[BEPFO
$"3&SFTQPOEFOBѶ$PODFQUPG"EWBODFE3JEFS JOWFTUJHBDJ³OZEFTBSSPMMPRVFDPNQSFOEFMBTOFDF
&RVJQNFOUѷ DPODFQUPEFFRVJQBNJFOUPBWBO[BEP TJEBEFTEFMPTNPUPSJTUBT QPSRVFFMMPTNJTNPT
QBSBNPUPSJTUBT
ZSFQSFTFOUBOOVFTUSPWBMPSGVOEB UBNCJ©OMPTPO1PSFKFNQMP FDIBVOWJTUB[PBUVT
NFOUBMQBSBHBSBOUJ[BSRVFDBEBFMFNFOUPRVFQSPEV EFEPT$VBOEPFTU¡OFOQPTJDJ³OEFEFTDBOTP OP -BDPNPEJEBEOPFTVOBQBMBCSBRVFQVFEBVUJMJ[BS
DJNPTTFBTFHVSP EVSBEFSP D³NPEPZSFTJTUFOUFBMB FTU¡OUPUBMNFOUFSFDUPT TJOPBMHPDVSWBEPTIBDJB TFQBSBEFTDSJCJSMBSPQBEFNPUPSJTUBEFMQBTBEP
DMJNBUPMPHB BEFMBOUF ZMPNJTNPPDVSSFDPOOVFTUSPTHVBOUFT QFSPQFOTBNPTRVFFTGVOEBNFOUBMRVFVOFRVJQB
RVFMMFWBOVOBDPTUVSBFTQFDJBMQBSBNJOJNJ[BSMB NJFOUPJOBEFDVBEPOPMFEJTUSBJHB4JFNQSFIBTJEP
QSFTJ³OFOMBTNBOPT OVFTUSBJOUFODJ³ORVFFMFRVJQBNJFOUPQBSBNPUPSJT
UBEF#.8.PUPSSBETFBQBSBFMNPUPSJTUBFYQFSUP
DPNPVOBTFHVOEBQJFM(SBDJBTBMPTNFKPSFTNBUF
SJBMFTZTFMFDUPTEJTF±PT MMFWBS¡TVOFRVJQBNJFOUP
JNQFDBCMF ZUFTFOUJS¡TNBHO趋DBNFOUF DPOVOB
SPQBEFDBMJEBERVFEVSBZEVSB
$"3&:"5&/$*/ "M趋OZBMDBCP PCUJFOFTMPRVFQBHBT&TQPTJCMF

RVFOPTFBIBCJUVBMFOFMTFDUPSGBCSJDBSSPQBRVF
EVSFB±PT QFSPTBCFNPTRVFOPUFDPOGPSNBSBT
DPONFOPT OJUBNQPDPOPTPUSPT5SBCBKBNPTDPOT
UBOUFNFOUFFOFMMBCPSBUPSJPZGVFSBEFMBDBSSFUFSB
1S
PU
QJTUBZDJSDVJUPQBSBEFTBSSPMMBSOVFTUSBUFDOPMPHB
FD
EB
DJ
FYJTUFOUFZDSFBSOVFWPTUFKJEPTRVFTJHBOCFOF趋
JE
wO
S
HV
DM
DJBOEPBOVFTUSPTDMJFOUFTB±PTEFTQV©T&OEF趋OJ
4F
JN
gU
UJWB TFUSBUBEFDVJEBSBMNPUPSJTUBDPO$"3&
JD
B
%V
U
PS
S
BC
OG
JMJ
$P
BEE

(6"/5&4%PVCMF3 (6"/5&41SP4QPSU (6"/5&4"5-"/5*4
/PWFEBE
Ѽ (VBOUFTEFQPSUJWPTSPCVTUPTZ趌FYJCMFT Ѽ %PSTPBOUFOPCVLTVBWF JOUFSJPSEFDVFSPEFCVFZMJTP

Ѽ DVFSPEFDBOHVSP Ѽ *NQFSNFBCMFT FTUBODPTBMWJFOUPZUSBOTQJSBCMFT
Ѽ %PCMFDBQBEFDVFSPEFSBZBSFTJTUFOUFBMSPDF HSBDJBTB(03&5&9n953"'*5Ԃ
DPOCBTFEF,FWMBSFOMBQBMNBEFMBNBOP Ѽ %PCMFQV±PJOUFSJPSEFGPSSPTVBWFDPONFNCSBOB
Ѽ $VCJFSUBEVSB,FWMBSZDBSCPOPFOMPTOVEJMMPT (03&5&9n953"'*5Ԃ FYUFSJPSDPODVFSPIJESPGVHBEP
Ѽ $VCJFSUBEFQM¡TUJDPEVSPFOMBNV±FDB Ѽ 1VOUFSBTEFMPTEFEPTDPSB[³OFOEJDFEFDVFSP
Ѽ %PSTPDPOFTQVNB4VQSPUFDEFEJTUJOUPFTQFTPS EFDBOHVSPQBSBVONFKPSBHBSSF
TFHºOGVODJ³O[POBRVFBCTPSCFMPTHPMQFT Ѽ -FOH¼FUBEFHPNBFOFMEFEPOEJDFJ[RVJFSEP
Ѽ .BZPSDPNPEJEBEHSBDJBTBMBTJOTFSDJPOFTFM¡TUJDBT Ѽ %PCMFDBQBEFDVFSPFO[POBTN¡TFYQVFTUBTBMQFMJHSP
Ѽ $PMPSB[VMCMBODPSPKPZOFHSP Ѽ %PSTPEFMBNBOPBDPMDIBEPDPOFTQVNB4VQSPUFD
Ѽ 5BMMBT}ѭ} Ѽ 4JOQSFTJ³OTPCSFMPTEFEPTHSBDJBTBVOBDPTUVSBFTQFDJBM
Ѽ $PMPSBOUSBDJUB
Ѽ 5BMMBT}ѭ}
Ѽ (VBOUFTEFWJBKFEFQPSUJWPTZNVZUSBOTQJSBCMFT EF
DVFSPJOUFHSBMEFCVFZSFTJTUFOUFBMSPDF BQSPY NN
Ѽ %PCMFDBQBEFDVFSPFOFMDBOUPZMBQBMNB
Ѽ %PCMFDBQBEFDVFSPDPOCBTFEFFTQVNBFO
MBBMNPIBEJMMBEFRVFSBU¡OEFHSBOSFTJTUFODJBBMSPDF
Ѽ 4VBWFSFWFTUJNJFOUPQBSBMPTOVEJMMPTEFUSFTQJF[BT
DPOIBTUBNNEFFTQVNBQBSBBNPSUJHVBDJ³O
Ѽ &TQVNBFOMBQBSUFTVQFSJPSEFMPTEFEPT BQSPYNN

RVFTFJOUFSSVNQFFOMBTNV±FDBTQBSBVOBNBZPS
趌FYJCJMJEBE
Ѽ 1BMNBTJOGPSSPQBSBVOBHBSSFEJSFDUPBMNBOJMMBS
Ѽ 4VQFS趋DJFEFMJNQJF[BEFDVFSPTVBWFEFWFMPVST
FOBNCPTQVMHBSFT
Ѽ $PMPSOFHSP
Ѽ 5BMMBT}ѭ}

(6"/5&43"--:& (6"/5&4
13046..&3
/PWFEBE
(6"/5&4
63#"/
Ѽ (VBOUFTEFDVFSPDPSUPTQBSB Ѽ 1FSGPSBDJ³OFOUSFMPTEFEPT
UFNQFSBUVSBTD¡MJEBT Ѽ "KVTUFEFBODIVSBFOMBNV±FDB
Ѽ %PSTPZQBMNBEFDVFSP Ѽ 1VOUBEFEFEPOEJDFEFDVFSP
TVBWFEFDBCSB EFWFMPVST
Ѽ %PCMFDBQBEFDVFSPEFWFMPVST Ѽ $PMPSOFHSP Ѽ (VBOUFTEFWFSBOPTJOGPSSP Ѽ 4VQFS'BCSJDFOMBT[POBT Ѽ (VBOUFTMJHFSPTEFWJBKF Ѽ "KVTUFTJOBSSVHBT FYDFMFOUFGPSNB
FOFMDBOUPZMBQBMNB Ѽ 5BMMBTѭ}IBTUBѭ} QBSBVUJMJ[BDJ³O0GGSPBE FYQVFTUBTBMBDBEBT Ѽ .F[DMBUFYUJMDVFSP ZCVFOBTFOTBDJ³OEFBHBSSF
Ѽ 1BMNBTJOGPSSPQBSBVOBHBSSF Ѽ ;POBFM¡TUJDBTPCSFMPTEFEPTZ Ѽ 7FOUJMBDJ³OFOUSFMPTEFEPT Ѽ &TUBODPTBMBHVBZBMWJFOUPZNVZ Ѽ 'PSNBFTQFDJBMQBSBNBOPTGFNFOJOBT
EJSFDUPBMNBOJMMBS OVEJMMPTHSBDJBTBMBNF[DMBEFUFKJEPT Ѽ 1V±PDPSUPEFOFPQSFOPDPO USBOTQJSBCMFTHSBDJBTBMBNFNCSBOB Ѽ $PMPSOFHSP
Ѽ $VFSPEFDBOHVSPNVZSFTJTUFOUF DJFSSFEFWFMDSP (03&5&9n953"'*5Ԃ Ѽ 5BMMBTQBSBTF±PSB } }
FOMB[POBEFMBQBMNB Ѽ $PMPSOFHSPWFSEF HSJTB[VM QBSBDBCBMMFSPѭ}IBTUBѭ}
Ѽ 1SPUFDDJPOFTDPOFTQVNBFOMB[POB Ѽ 5BMMBTѭ}IBTUBѭ}
EFMPTEFEPTZOVEJMMPT
K (6"/5&4 (6"/5&4 (6"/5&4 (6"/5&4*/5&3*03&4%&4&%"

"--306/% 1308*/5&3 "JS'MPX
Ѽ (VBOUFTEFWJBKFSFTJTUFOUFTBMBHVB Ѽ 1SPUFDDJ³ODPO,FQSPUFDQPSEFCBKP Ѽ (VBOUFTEFJOWJFSOPNVZBJTMBOUFT Ѽ &TQVNBEFTFHVSJEBEFO Ѽ -JHFSPHVBOUFEFWFSBOPQBSB Ѽ 1VMHBSDPO[POBFM¡TUJDBEF$PSEVSB Ѽ 1BSBFOUSFUJFNQP DPNPDPNQMFNFO Ѽ $PMPSOFHSP

Ѽ .BUFSJBMFYUFSJPSNF[DMBEFUFMB Ѽ $BOUPEFHPNBFOFMEFEPOEJDF Ѽ 1BMNBEFMBNBOPEFDVFSPEFDBCSB MBTQVOUBTEFMPTEFEPT UFNQFSBUVSBTTVQFSJPSFTBp$ ZDVFSP$MBSJOP UPEFMPTHVBOUFTEFNPUPSJTUB Ѽ 5BMMBTѭ
ZDVFSP QBSBMJNQJBS IJESPGVHBEPZQBSDJBMNFOUFEPCMF Ѽ 1V±PMBSHPDPONBOFKPEFVOB Ѽ $VFSP1JUUBSETDPONBMMB"JS5FY Ѽ 1V±PDPSUPEFOFPQSFOPQBSBVO Ѽ %FQVSBTFEB
Ѽ $PONFNCSBOBDMJN¡UJDB$"3& Ѽ -JHFSBNFOUFBDPMDIBEPT Ѽ *NQSFTJ³OEFTJMJDPOBFOMBQBMNB TPMBNBOPQBSBBKVTUBSFMDJFSSF Ѽ 1FSGPSBDJPOFTFOUSFMPTEFEPT NFKPSBHBSSF
JNQFSNFBCMFZFTUBODBBMWJFOUP Ѽ (SBOTVQFS趋DJFSF趌FDUBOUF Ѽ *NQFSNFBCMFT FTUBODPTBMWJFOUP Ѽ (SBOTVQFS趋DJFSF趌FDUBOUF Ѽ $PNPEJEBEHSBDJBTBMB[POBFM¡TUJDB Ѽ "KVTUBCMFFOBODIVSBNFEJBOUF
Ѽ %FEPTEFDVFSP Ѽ .BSDB#.8FOMBMFOH¼FUB ZNVZUSBOTQJSBCMFTHSBDJBTBMB Ѽ %FEPEFMJNQJF[BFOFMQVMHBS EF$PSEVSBTPCSFMPTEFEPTZOVEJMMPT DPSSFBEFDVFSP
Ѽ /VEJMMPT$PSEVSBDPOFTQVNB EFMDJFSSFEFWFMDSP NFNCSBOB(03&5&9n Ѽ $PMPSOFHSP DPOFTQVNBQPSEFCBKP Ѽ $PMPSFTOFHSP QMBUB
4VQSPUFDQPSEFCBKP Ѽ $PMPSOFHSP Ѽ "DPMDIBEPEFTVBWFNJDSP趋CSBDPO Ѽ 5BMMBTѭ}IBTUBѭ} Ѽ 1BMNBGPSSBEBQBSBVOBHBSSFEJSFDUP Ѽ 5BMMBTѭ}IBTUBѭ}
Ѽ $VFSPEPCMFFOMBT[POBTEFMB Ѽ 5BMMBTѭ}IBTUBѭ} DBQBEFBMVNJOJPDPNPBJTMBOUF Ѽ %PCMFNBUFSJBMFOFMEPSTP FMDBOUP
QBMNBFYQVFTUBTBMBTDBEBT EFMHVBOUFZFMEFEPNF±JRVF

301"*/5&3*03'6/$*0/"- 301"*/5&3*03'6/$*0/"-
$035" -"3("
53"+&*/5&3*03
'6/$*0/"-
1$.
$)"26&5"$035"7*&/504
Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ "OUJCBDUFSJBOBJODMVTPEFTQV©T Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ 1BOUBM³OFOMBSHP~

FMBTUBOP EFNVDIPTMBWBEPT FMBTUBOP Ѽ 4FDBEPS¡QJEP
Ѽ $BNJTFUBZQBOUBM³ODPSUP Ѽ 4FDBEPS¡QJEP Ѽ &YUSBPSEJOBSJBDPNPEJEBEHSBDJBT Ѽ 'PSNBBEBQUBEBBMBNPUPDJDMFUB
QBSBFMWFSBOP Ѽ 'PSNBBEBQUBEBBMB BTVTVBWJEBEZGSFTDVSB Ѽ $PMPSB[VMNBSJOP
Ѽ &YUSBPSEJOBSJBDPNPEJEBE NPUPDJDMFUB Ѽ 5SBOTQJSBCMF Ѽ 5BMMBTVOJTFY4ѭ99-
HSBDJBTBTVTVBWJEBEZGSFTDVSB Ѽ $PMPSB[VMNBSJOP Ѽ "OUJCBDUFSJBOBJODMVTPEFTQV©TEF
Ѽ 5SBOTQJSBCMF Ѽ 5BMMBTVOJTFY4ѭ99- NVDIPTMBWBEPT
301"*/5&3*03'6/$*0/"-
5&3.*$"
Ѽ 5SBKFJOUFSJPSEFEPTQJF[BT Ѽ "EFDVBEPQBSBUFNQFSBUVSBT
Ѽ $VFMMPBMUPEFTVBWF EFFOUSFp$Zp$
5IFSNP1PXFSTUSFUDI Ѽ &MNBUFSJBM1IBTF$IBOHFTFWVFMWF
Ѽ .BUFSJBMFYUFSJPSEF1PXFSTUSFUDI TVBWFBMMMFWBSMPQVFTUP
Ѽ .BUFSJBMFT1IBTF$IBOHF Ѽ 5BNCJ©OBEFDVBEPQBSBFTRVJBS
TDIPFMMFS1$.
FOMB[POBEFMQF IBDFSGPPUJOH TFOEFSJTNP FUD
DIP FMBOUFCSB[PZMPTSJ±POFT BT Ѽ $PMPSOFHSPDPODPTUVSBTFOWFSEF
DPNPFOMPTNVTMPTZMBTSPEJMMBT Ѽ 5BMMBT4ѭ99-
Ѽ .BUFSJBMDPSUBWJFOUPTEFBMUB Ѽ $SFNBMMFSBGSPOUBMDPOUJOVB Ѽ 5SBOTQJSBCMF SFHVMBEPSEF
DBMJEBEFOQPMJ©TUFS Ѽ $PTUVSBTPDVMUBTZQPSMPUBOUP UFNQFSBUVSB EFTFDBEPS¡QJEP
Ѽ -BNJOBEPEFDBQBTDPOVOB QMBOBTZSFQFMFOUFTBMBHVB
NFNCSBOBBMUBNFOUFGVODJPOBM Ѽ CPMTJMMPTEFDSFNBMMFSB
EFQPMJVSFUBOP CPMTJMMPTEFUFMBSFUJDVMBS
Ѽ 4FDPNQPOFEFQPMJFTUFS Ѽ "OUJCBDUFSJBOBJODMVTPEFTQV©T Ѽ &TUBODBBMWJFOUP SFTJTUFOUFBMBHVB Ѽ *OEJDBEPUBNCJ©OQBSBPUSBT
CJPBDUJWP QPMJBNJEB4LJOMJGF EFNVDIPTMBWBEPT USBOTQJSBCMF BDUJWJEBEFTEFUJFNQPMJCSF
FMBTUBOP Ѽ -B[PTEFVOJ³ODPOMBNBOHB Ѽ $IBRVFUBEFDPSUFBKVTUBEP Ѽ $PMPSOFHSP
Ѽ .BZPSBJTMBNJFOUPU©SNJDPFO FOFMQVMHBS Ѽ ;POBEFMBFTQBMEBBMBSHBEB Ѽ 5BMMBTEFTF±PSB94ѭ4
[POBTFYQVFTUBT Ѽ 'PSNBBEFDVBEBQBSBMBNPUPDJDMFUB Ѽ $¡MJEP趋FMUSPJOUFSJPS Ѽ 5BMMBTVOJTFY.ѭ999-
Ѽ &YUSBPSEJOBSJBDPNPEJEBE Ѽ $PMPSB[VMNBSJPOOFHSP
Ѽ 5SBOTQJSBCMF Ѽ 5BMMBTVOJTFY4ѭ99-

$)"26&5"'6/$*0/"-1$. $)"26&5"%&'*&-530 $)"26&5"%&'*&-530
%06#-&'"$&1"3"$"#"--&30 %06#-&'"$&1"3"4&03"
Ѽ $
IBRVFUBEF趋FMUSPGVODJPOBMDPO
VOEJTF±P%PVCMFGBDFEFHSBODBMJEBE
Ѽ .
JDSP趋FMUSPTVBWFFYUFSJPSQBSBVOB
SFUFODJ³OEFDBMPS³QUJNB
Ѽ '
JFMUSPEFQPMJ©TUFSNVZGVODJPOBMFO
FMJOUFSJPSUSBOTQJSBCMF SFHVMBEPSEF
UFNQFSBUVSBZTFDBEPS¡QJEP
Ѽ .
BUFSJBMFTUBODPBMWJFOUPDPOVOB
NFNCSBOBFTUBODBFOMB[POBEFMQFDIP
Ѽ $
VCJFSUBEFDSFNBMMFSBTVBWF
FOMB[POBEFMDVFMMP
Ѽ &
TQBMEBBNQMJBEBZBKVTUBEB
QV±PTBKVTUBEPTFOFMEPSTP
Ѽ $
VFMMPBMUPZBKVTUBEP
Ѽ
CPMTJMMPTDPODSFNBMMFSBMBUFSBMFT
DPOGPSSPSFUJDVMBS
Ѽ $
PMPSCMBODPIVFTP
Ѽ 5
BMMBT94ѭ99-
Ѽ (SBODPOGPSUDMJN¡UJDPHSBDJBTBMNB
UFSJBM1IBTF$IBOHF TDIPFMMFS1$.

FRVJMJCSBMPTDBNCJPTEFUFNQFSBUVSB Ѽ $IBRVFUBEF趋FMUSPGVODJPOBMDPO
EFGPSNBBDUJWBZDPOGPSUBCMF VOEJTF±P%PVCMFGBDFEFHSBODBMJEBE
Ѽ $IBRVFUBDPONBOHBTTFQBSBCMFT Ѽ .JDSP趋FMUSPTVBWFFYUFSJPSQBSBVOBSFUFODJ³O
Ѽ CPMTJMMPTDPODSFNBMMFSBMBUFSBMFT EFDBMPS³QUJNB
DPOGPSSPSFUJDVMBS Ѽ 'JFMUSPEFQPMJ©TUFSNVZGVODJPOBMFOFMJOUFSJPS
Ѽ $PMPSOFHSP USBOTQJSBCMF SFHVMBEPSEFUFNQFSBUVSB
Ѽ 5BMMBTVOJTFY94ѭ999- ZTFDBEPS¡QJEP
Ѽ .BUFSJBMFTUBODPBMWJFOUPDPOVOBNFNCSBOB
FTUBODBFOMB[POBEFMQFDIP
Ѽ $VCJFSUBEFDSFNBMMFSBTVBWFFOMB[POBEFMDVFMMP
Ѽ &TQBMEBBNQMJBEBZBKVTUBEB
QV±PTBKVTUBEPTFOFMEPSTP
Ѽ $VFMMPBMUPZBKVTUBEP
Ѽ CPMTJMMPTDPODSFNBMMFSBMBUFSBMFTDPOGPSSPSFUJDVMBS
Ѽ $PMPSOFHSP NBSS³O
Ѽ 5BMMBT4ѭ999-

3*0/&3" 3*0/&3" 1"4".0/5""4 1"4".0/5""4
13&.*6. #"4*$ 4*-, 46..&3
Ѽ $JOUVS³OC¡TJDPRVFQVFEF
DPNQMFUBSTFDPOUSFTFMFNFOUPT
BEJDJPOBMFTEFQFOEJFOEPEFMVTP
Ѽ 4DIPFMMFS1IBTF$IBOHFDPOUSBFMGSP
Ѽ .FNCSBOB8*/%45011&3
DPOUSBFMGSP
Ѽ &MFNFOUPEFQSPUFDDJ³O Ѽ %FNBUFSJBMFM¡TUJDPEFQSJNFSBDBMJEBE Ѽ 1BTBNPOUB±BTMJHFSPQBSBWFSBOP Ѽ *EFBMQBSBWFSBOPZFOUSFUJFNQPDPOMJHFSB
Ѽ $PMPSOFHSP OFPQSFOP QVOUP WFMDSP
Ѽ TFEBEFQSJNFSBDBMJEBE UFSNPSSFHVMBDJ³O QSPUFDDJ³ODPOUSBFMWJFOUP
Ѽ 5BMMBTVOJTFY4ѭ9- Ѽ $PSUFBKVTUBEPBMDVFSQP Ѽ 4JOQSFTJ³OHSBDJBTBVOBDPTUVSBQMBOB Ѽ &RVJQBNJFOUPBOUJCBDUFSJBOPVMUSBGSFTI
Ѽ &NCMFNBѶ#.8.PUPSSBEѷFOFMEPSTP Ѽ $PMPSOFHSP Ѽ "DBCBEPTJODPTUVSBT
Ѽ $PMPSOFHSP Ѽ 5BMMBT.Z- Ѽ 5SBOTQJSBCMFZSFHVMBEPSEFUFNQFSBUVSB
Ѽ 5BMMBTVOJTFY4ѭ9- Ѽ $PMPSOFHSP
Ѽ 5BMMBT.Z-
.&%*"'6/$*0/"-):%3040$, $"-$&5*/&4:.&%*"4 $"-&/5"%03 1"4".0/5""4 &"4:56#&#.8.05033"%

'6/$*0/"-&4 %&$6&--0 8*/%#3&",&3
/PWFEBE
Ѽ "KVTUFQFSGFDUPNFEJBOUFHPNB Ѽ .FEJBMBOB QPMZBDSZM

FM¡TUJDBFOMBQBSUFBOUFSJPSEFMQJF QPMJQSPQJMFOP QPMJBNJEB
Ѽ $BOBMFTEFWFOUJMBDJ³ODPTJEPTFO FMBTU¡O
Ѽ .FEJBGVODJPOBMJNQFSNFBCMF MBQBSUFJOGFSJPSEFMQJF Ѽ $BMDFUOBMHPE³O MBOB Ѽ .JDSPGPSSPEFQSJNFSBDBMJEBEDPONFNCSBOB Ѽ "EFDVBEPQBSBCBKBTUFNQFSBUVSBT Ѽ .BUFSJBMTVBWFZFM¡TUJDPQPMJ©TUFS
Ѽ "EBQUBEPFSHPO³NJDBNFOUFQBSB Ѽ &MBDPMDIBEPBOBU³NJDBNFOUF QPMJQSPQJMFOP QPMJBNJEB FTUBODBBMWJFOUP MBNJOBEPEFDBQBT
Ѽ 'PSSPEFQPMJ©TUFSEFQSJNFSBDBMJEBEDPO Ѽ (SBOWBSJFEBEEFVTPTCVGBOEB
DPOEVDDJ³O&OEVSPZ0GGSPBE BEBQUBEPSFEVDFMBQSFTJ³OFO FMBTU¡O Ѽ &趋DB[QSPUFDDJ³ODPOUSBFMWJFOUPQBSBFMDVFMMP NFNCSBOBFTUBODBBMWJFOUP MBNJOBEPEFDBQBT
QSPUFDDJ³OQBSBDBSB DJOUBQBSBQFMP FUD
Ѽ -BNJOBEPFODBQBTEF趋CSBEF MBFTQJOJMMB UPCJMMPZUBM³O Ѽ $PMPSEFMBTNFEJBTGVODJPOBMFT ZMBQBSUFTVQFSJPSEFMQFDIP Ѽ 1PXFSTUSFUDIFO[POBTVQFSJPSEFMBDBCF[B Ѽ $PMPSFTSPKP B[VM
CBNCºGVODJPOBM QPMJ©TUFS TQBOEFY Ѽ (SBODPOGPSUNFEJBOUF BOUSBDJUBOFHSPB[VM Ѽ $PNCJOBCMFDPOQBTBNPOUB±BT Ѽ &YDFMFOUFQSPUFDDJ³ODPOUSBFMWJFOUPQBSB
ZNFNCSBOBDMJN¡UJDB$"3& BDPMDIBEPEFGFMQB Ѽ $PMPSEFMPTDBMDFUJOFTGVODJPOBMFT Ѽ "EFDVBEPUBNCJ©OQBSBFTRV KPHHJOH FMDVFMMPZMBQBSUFTVQFSJPSEFMQFDIP
JNQFSNFBCMFZFTUBODBBMWJFOUP Ѽ -BHSBOQSPQPSDJ³OEFMBOB FO HSJTDMBSPOFHSPNPTUB[B TFOEFSJTNP FUD Ѽ $PTUVSBQMBOB
Ѽ 5©SNJDP OFVUSBMJ[BMPTPMPSFT DPNCJOBDJ³ODPOMBT趋CSBTEFBMUP Ѽ 5BMMBTѭ ѭ Ѽ $PMPSOFHSPDPOJOUFSJPSFOB[VM Ѽ 5SBOTQJSBCMFZSFHVMBEPSEFUFNQFSBUVSB
ZSFHVMBMBIVNFEBE SFOEJNJFOUP PGSFDFVOFGFDUPUFSNP ѭ ѭ Ѽ 5BMMBT4ѭ- Ѽ $PMPSOFHSPDPOJOUFSJPSFOB[VM
Ѽ 4VFMBSFGPS[BEB SSFHVMBEPSZEFTWBMBIVNFEBEIBDJB Ѽ 5BMMBT4IBTUB-
Ѽ $PMPSHSJTPTDVSP FMFYUFSJPS
Ѽ 5BMMBTѭ

$".*4&5"%&."/("-"3("'6/$5*0/ $".*4&5"'6/$5*0/1"3"
1"3"4&03":$"#"--&30 4&03":$"#"--&30
Ѽ .F[DMBEFNBUFSJBMFTBMUBNFOUFGVODJPOBM Ѽ .F[DMBEFNBUFSJBMFTBMUBNFOUFGVODJPOBM
EFQPMJ©TUFSZ$PDPOB EFQPMJ©TUFSZ$PDPOB
Ѽ 'JCSBEFDBSCPOPBDUJWBEB NVZUSBOTQJSBCMF Ѽ 'JCSBEFDBSCPOPBDUJWBEB NVZUSBOTQJSBCMF
BOUJCBDUFSJBOBZBCTPSCFPMPSFT BOUJCBDUFSJBOBZBCTPSCFPMPSFT
Ѽ 1SPUFDDJ³OSBZPT67 Ѽ 1SPUFDDJ³OSBZPT67
Ѽ 1BSBTF±PSBMJHFSBNFOUFFOUBMMBEB Ѽ 1BSBTF±PSB MJHFSBNFOUFFOUBMMBEB
QBSBDBCBMMFSPDPSUBMJTB QBSBDBCBMMFSP DPSUBMJTB
Ѽ $PMPSOFHSP NBSS³O Ѽ $PMPSQBSBTF±PSBOBSBOKBQPQ
Ѽ 5BMMBTEFTF±PSB94ѭ9- Ѽ $PMPSQBSBDBCBMMFSPOBSBOKB
Ѽ 5BMMBTEFDBCBMMFSP4ѭ999- Ѽ 5BMMBTEFTF±PSB94ѭ99-
Ѽ 5BMMBTEFDBCBMMFSP4ѭ999-

53"+&%&--67*"1SP3BJO 53"+&%&--67*"3"*/-0$, 53"+&$0/'035$-*.5*$0
Ѽ 5SBKFEFMMVWJBEFVOBQJF[B
Ѽ &MBCPSBEPDPNPMBNJOBEP
OZMPOFM¡TUJDP
Ѽ '¡DJMEFQPOFSHSBDJBTBMBMBSHBDSF
NBMMFSBEFMBOUFSBRVFUSBOTDVSSFFO
EJBHPOBM MBSHBTDSFNBMMFSBTFOMPT
MBUFSBMFTEFMBTQJFSOBT
Ѽ #PMTJMMPFYUFSJPSJNQFSNFBCMF /PWFEBE
Ѽ .FEJEBTEFFNCBMBKFDPNQBDUBT
Ѽ .BUFSJBMUFSNPSSFTJTUFOUF/PNFY
FOMBQBSUFJOUFSJPSEFMBQFSOFSB
Ѽ .BUFSJBMBOUJEFTMJ[BOUFFOMB[POB
EFMBTOBMHBT
Ѽ *NQSFTJ³OSF趌FDUBOUFEFHSBOUBNB±P
Ѽ $PMPSBNBSJMMP
Ѽ 5BMMBTVOJTFY4ѭ999-
Ѽ 5SBKFQBSBMMVWJBEFEPTQJF[B
ZDPSUFDM¡TJDP
Ѽ -BNJOBEPEFDBQBTUSBOTQJSBCMF
ZFM¡TUJDP OZMPO
Ѽ *NQFSNFBCMF FTUBODPBMWJFOUPZ
USBOTQJSBCMFHSBDJBTBMBNFNCSBOB
DMJN¡UJDB$"3&
Ѽ 5SBKFEFMMVWJBEFEPTQJF[BT Ѽ $PTUVSBTNPMEFBEBT
Ѽ -BNJOBEPEF DBQBT OZMPO Ѽ .BUFSJBM/PNFYSFTJTUFOUFBMDBMPS
Ѽ $IBRVFUBDPODBQVDIBJOUFHSBEB FOMBQFSOFSBJOUFSJPS Ѽ $PSE³OFOFMEPCMBEJMMPEFMB
Ѽ '¡DJMEFQPOFSHSBDJBTBMBMBSHB Ѽ $SFNBMMFSBGSPOUBMDPODJFSSF DIBRVFUBZMBDJOUVSB
DSFNBMMFSBFOMBQJFSOB -BCZSJOUIFTUBODPBMBHVB Ѽ *NQSFTJ³OSF趌FDUBOUFFOBOUSBDJUB
Ѽ %PTCPMTJMMPTFYUFSJPSFTJNQFSNFBCMFT Ѽ $VFMMPBMUPBKVTUBCMFDPO Ѽ $SFNBMMFSBEFVOJ³O DN
Ѽ .BUFSJBMBOUJEFTMJ[BOUFFOMB[POBEF QBTBNPOUB±BT Ѽ 4FQVFEFHVBSEBSFOMBCPMTB

MBTOBMHBT Ѽ $SFNBMMFSBFOMBQJFSOBIBTUB TVNJOJTUSBEB
Ѽ .FEJEBTEFFNCBMBKFDPNQBDUBT MBDJOUVSBEFMQBOUBM³O Ѽ $PMPSOFHSP
Ѽ .BUFSJBMUFSNPSSFTJTUFOUF/PNFY Ѽ $IBRVFUBCPMTJMMPTFYUFSJPSFT Ѽ 5BMMBT4ѭ999-
FOMBQBSUFJOUFSJPSEFMBQFSOFSB JNQFSNFBCMFT CPMTJMMPJOUFSJPS
Ѽ $PMPSSPKPHSJT FTUBODP
Ѽ 5BMMBTVOJTFY4ѭ999- Ѽ $JFSSFEFWFMDSPFOMPTMBUFSBMFTEF
MBTNBOHBTZMBTQJFSOBT BTDPNP
FOFMDVFMMP

1PSTVQVFTUP BOBEJFMFHVTUBQFOTBSFOVOQPTJCMF
BDDJEFOUFEFNPUP QFSPFTGVOEBNFOUBMNJOJNJ[BS
MBTGVFS[BTRVFTFUSBOTNJUFOBMNPUPSJTUBFOVOB
$0/45"/5&*//07"$*/1"3"
DPMJTJ³O&TUBFTMBSB[³OQPSMBRVFMPTQSPUFDUPSFT
/1FTU¡OQSFTFOUFTQS¡DUJDBNFOUFFOUPEPTMPTUSB
KFTEFNPUPSJTUBEF#.8.PUPSSBE)FNPTUSBCBKB
0'3&$&3.41305&$$*/
EPDPOFTQFDJBMJTUBTFOCJPNFD¡OJDB NFEJDJOBFJO
WFTUJHBDJ³OEFBDDJEFOUFTQBSBEFTBSSPMMBSVOBOVFWB
HFOFSBDJ³OEFQSPUFDUPSFTBºON¡TTFHVSB
"QFTBSEFTFSFYUSFNBEBNFOUFTVBWFTZ趌FYJCMFT
PGSFDFOVOOJWFMEFQSPUFDDJ³OTJOJHVBMBMNPMEFBSTF
BMBTQBSUFTWVMOFSBCMFTEFMDVFSQPQBSBBCTPSCFSMPT
JNQBDUPTZPGSFDFSUBNCJ©OVOBDPCFSUVSBNVDIP
NFKPSEFMBTBSUJDVMBDJPOFTNFEJBOUFMBDPNCJOBDJ³O
EFTFHVSJEBEBDUJWBZFMFWBEPTOJWFMFTEFDPNPEJ
EBE
50%044"#&.0426&-04.0503*45"4
40/646"3*0476-/&3"#-&4%&-"$" $VBOUPNFOPSFTMBGVFS[BSFTJEVBMUSBOTNJUJEBBMDVFS
33&5&3" 1&30$6"-26*&3"%&&--04 QP N¡TFGFDUJWPFTFMQSPUFDUPS%JDIPEFPUSPNPEP
5&%*3"26&%*4'365"3%&461"4*/ VOCVFOQSPUFDUPSBCTPSCFUBOUBFOFSHBEFMJNQBDUP
40#3&%0436&%"4$0.1&/4"$0/ DPNPFTQPTJCMFZMVFHPMBMJCFSBHSBEVBMNFOUFQBSB
$3&$&4-043*&4(04"%&.4 $0.0 SFEVDJSFMOJWFMEFGVFS[BBMRVFTFWFTPNFUJEPFM
.0503*45" 16&%&43&%6$*3$0/4*%& NPUPSJTUB-PTQSPUFDUPSFT/1EF#.8.PUPSSBE
3"#-&.&/5&-043*&4(04"%"15"/%0 TPOFOUSFVOZN¡TF趋DBDFTRVFMPTEFMB
56&45*-0%&$0/%6$$*/"-"4$0/%* DPNQFUFODJB ZTVQFSBOD³NPEBNFOUFMPTSFRVJTJUPT 4VQSPUFDUBCTPSCFOUFEFJNQBDUPT QSPUFDDJ³OEFOV
$*0/&4 65*-*;"/%06/".050&26*1" EFMBOPSNB$& EJMMPT$PSEVSB DVFSPEFEPCMFFTQFTPSFO¡SFBTWVM
%"$0/$"3"$5&345*$"4%&4&(63* OFSBCMFTZMJNQJBEPSEFWJTPSEFHPNBJOUFHSBEPQBSB
%"%"$5*7" $0.0"#4:$0/530-%& 6OFMFNFOUPDPNPMBDIBRVFUBQSPUFDUPSBTJONBO HBSBOUJ[BSVOBWJTJ³ODMBSB-³HJDBNFOUFTFJODMVZFO
53"$$*/
:--&7"/%0&-.&+03&26* HBTEF#.8.PUPSSBEDPOQSPUFDUPSEPSTBM/1趋HV CPUBTBEFDVBEBTQBSBDVBMRVJFSUJQPEFDPOEVDDJ³O
1".*&/5026&16&%&41&3.*5*35& SBFOUSFBMHVOPTEFMPTQSPEVDUPTEFMNFSDBEPRVF RVFQVFEFOJODPSQPSBSEFUPEP EFTEFTJTUFNBTEF
DVNQMFOMPTDSJUFSJPTEFOJWFMEFBMUPSFOEJNJFOUP DPOUSPMEFMBUPSTJ³OZMPTNFUBUBSTJBOPTEJTF±BEPT
$PNPQJPOFSPTFOTFHVSJEBEQBSBNPUPSJTUBT 5BNCJ©OFTFMºOJDPQSPUFDUPSEPSTBMDFSUJ趋DBEP QBSBFWJUBSMFTJPOFTFOMPTWVMOFSBCMFTIVFTPTEFMQJF
#.8.PUPSSBEWJFOFGBCSJDBOEPFRVJQBNJFOUPT BDUVBMNFOUFEJTQPOJCMFRVFQSPUFHFMBDMBWDVMB IBTUBCPUBT&OEVSPPGGSPBEEFMBN¡YJNBDBMJEBEDPO
QBSBNPUPSJTUBTZNPUPTRVFPGSFDFOMPTN¡YJNPT DB±BTMPTV趋DJFOUFNFOUFBODIBTDPNPQBSBBMPKBS
OJWFMFTEFDPNPEJEBEZQSPUFDDJ³OEVSBOUFNVDIPT $PNPDBCFFTQFSBS MPTQSPEVDUPT#.8.PUPSSBE QSPUFDUPSFTQBSBQJFSOBT
B±PT$VBOEPFYQMPSBTMBQPUFODJBEFVOB33FOVO QSPUFHFODVBMRVJFSQBSUFEFMNPUPSJTUB EFMBDBCF[B
EBFOFMDJSDVJUP OPQJFOTBTFOTJFMSFOEJNJFOUPEF BMPTQJFT6OBBNQMJBHBNBEFHVBOUFTPGSFDFVOB -BJEFBFTRVFDPOGFTMBJOWFTUJHBDJ³OZFMEFTBSSPMMP
UVUSBKFEFDVFSPFTUBOFMFWBEPDPNPFMEFUVNPUP WBSJFEBEEFDBSBDUFSTUJDBTEFTFHVSJEBEJODPSQPSB EFUVFRVJQBNJFOUPEFNPUPSJTUBB#.8.PUPSSBE Z
%FJHVBMNPEP DVBOEPDPOEVDFTUV(4 35P(5 EBTDPNPFTUSVDUVSBTEFDBSCPOP,FWMBS FTQVNB RVFUºUFFOUSFHVFTBEJTGSVUBSEFMBDPOEVDDJ³O DPO
CBKPVOBJOUFOTBMMVWJBQPSVOBSFTCBMBEJ[BDBSSFUFSB MBUSBORVJMJEBEEFTBCFSRVFUVCJFOFTUBSFTOVFTUSB
EFNPOUB±B TPMPEFCFTDFOUSBSUFFOMBDBSSFUFSB N¡YJNBQSJPSJEBE-PTQSPEVDUPT#.8.PUPSSBEFT
FOWF[EFQSFHVOUBSUFTJUVFRVJQBNJFOUPFT U¡OEJTF±BEPTQBSBPGSFDFSMPTN¡TFMFWBEPTOJWFMFT
TV趋DJFOUFNFOUFCVFOPDPNPQBSBQSPUFHFSUF EFDPNPEJEBE TFHVSJEBEZEVSBCJMJEBE QPSRVFVO
BEFDVBEBNFOUFFODBTPEFBDDJEFOUF NPUPSJTUBD³NPEPFTU¡NFKPSQSPUFHJEP
$POJOEFQFOEFODJBEFMBNPUPZFMMVHBS IBZVOB
DPNQMFUBPGFSUBEFFRVJQBNJFOUPQBSBNPUPSJTUBTEF
#.8EJTQPOJCMF RVFHBSBOUJ[BRVFDVBMRVJFSBRVF
TFBFMFTUJMPEFSPQB FTUBMMFWBMBTDBSBDUFSTUJDBT
U©DOJDBTZEFTFHVSJEBEJODPSQPSBEBT/BUVSBMNFOUF
TPMPTFVUJMJ[BOMPTNFKPSFTNBUFSJBMFT DPNP
4DIPFMMFS,FQSPTIJFMEFOFMUSBKF4USFFUHVBSEFTUF
DPNQPTJUFQSPUFDUPSFTU¡FTQFDJBMNFOUFEJTF±BEP
QBSBFMNPUPDJDMJTNPZIBNFKPSBEPFOVOMB
SFTJTUFODJBBMBBCSBTJ³O JNQBDUP EFTHBSSPZDBMPS
QPSGSJDDJ³OFODPNQBSBDJ³ODPOMPTQSPEVDUPT
QSFEFDFTPSFT
78 79
%&$*%&5.*4.056;0/"%&'03."#-& $)"-&$0%&1305&$503&4
-041305&$503&4/1%&#.8.05033"%
#.8.PUPSSBE FOFTUSFDIBDPMBCPSBDJ³ODPO &-$)"-&$0%&

CJPNFD¡OJDPT N©EJDPTFJOWFTUJHBEPSFTEF
BDDJEFOUFT IBEJTF±BEPVOBOVFWBHFOFSBDJ³O
1305&$503&4%&
EFQSPUFDUPSFTRVF DPOUPEBTFHVSJEBE TFOUBS¡O #.8.05033"%
OVFWBTCBTFT"QFTBSEFTFSFYUSFNBEBNFOUF -PTQSPUFDUPSFTEPSTBMFTUJFOFORVFUFOFSUBNCJ©O
趌FYJCMFTZTVBWFTQSPQPSDJPOBOMPTNFKPSFTWBMPSFT NBSDBEPFMOJWFMEFSFOEJNJFOUP /JWFMP/JWFM

*OJDJPEFMDIPRVF
EFBNPSUJHVBDJ³O&TUPTQSPUFDUPSFTRVFDBTJOP RVFJOEJDBBRV©DBUFHPSBEFQSPUFDDJ³OQFSUFOFDF
FMQSPUFDUPS&MDIBMFDPEFQSPUFDUPSFTEF
'VFS[BFOL/
TFOPUBOBCTPSCFOMBFOFSHBEFDIPRVFEFGPSNB
JOUFMJHFOUFZFMNBUFSJBMFTQFDJBMTFBKVTUBTVBWF #.8.PUPSSBEZUBNCJ©OFMQSPUFDUPS/1EPSTBMEF #.8.PUPSSBE
1SPUFDUPS/1
NFOUFBMBTQBSUFTEFMDVFSQPRVFUJFOFRVF #.8.PUPSSBETPOEPTEFMPTQPDPTFYJTUFOUFTFO
QSPUFHFS"TMBTFHVSJEBEBDUJWBBVNFOUB DVCSJFOEP FMNFSDBEPRVFDVNQMFODPOMBTFYJHFODJBTEFMOJWFM
WJTJCMFNFOUFNFKPSMBTBSUJDVMBDJPOFT:FTPDPOMB NFKPSDBUFHPSBEFQSPUFDDJ³O
1BSBFMBKVTUF
NBZPSDPNPEJEBE QFSGFDUPEFMQSPUFDUPSEPSTBM FOQSJNFSMVHBSFT
EFUFSNJOBOUFMBEJTUBODJBDBEFSBIPNCSP RVF
UBNCJ©OUJFOFRVFFTUBSJOEJDBEBFOFMQSPUFDUPS&O
26&4-0*.1035"/5& VOQSPUFDUPSEPSTBMEFUBMMB( MBTEJTUBODJBEFCFSB
$VBOUPN¡TCBKPTFBFMWBMPSEFMBFOFSHBSFTJEVBM
TFSEFBMNFOPTDN5BNCJ©OFMBKVTUFZMB
N¡TFGFDUJWBTFS¡MBSFEVDDJ³OEFFOFSHBEFDIPRVF
趋KBDJ³OJOEJWJEVBMTPOJNQPSUBOUFT"EFN¡TUJFOF
EFVOQSPUFDUPS RVFUJFOFRVFBCTPSCFSMBNBZPS
RVFTFSD³NPEP QVFTUPRVFQSFDJTBNFOUFFO
'VFS[BFOL/
FOFSHBEFDIPRVFQPTJCMFZOPUSBOTNJUJSMBBMDVFSQP
TJUVBDJPOFTDSUJDBTFTVOBDPOEJDJ³OJOEJTQFOTBCMF
:UPEPFTPFOFMNBZPSUJFNQPQPTJCMFQBSBRVFOP 1SPUFDUPS&14
QBSBHBSBOUJ[BSMBDPODFOUSBDJ³OEFMNPUPSJTUB
TFGPSNFOQVOUBTEFFOFSHB&OFTBѶEJTDJQMJOBѷMPT
QSPUFDUPSFT/1EF#.8.PUPSSBETPOEFVOB
VONFKPSFTRVFPUSPTQSPUFDUPSFT "13014*50
&MDIBMFDPEFQSPUFDUPSFTEF#.8.PUPSSBEFTFM
ºOJDPQSPUFDUPSEPSTBMDFSUJ趋DBEPFOFMNFSDBEPRVF
6/"#"4&1"3"50%04 UBNCJ©OQSPUFHFMB[POBEFMBDMBWDVMB
-"/03."5*7"$& #.8.PUPSSBE
1BSBMPTQSPUFDUPSFTEFBSUJDVMBDJPOFTZFMQSPUFDUPS
EPSTBMFYJTUFVOBOPSNBUJWBEFMB$&-BTFYJHFODJBT
&-/6&70 $IBMFDPEFQSPUFDUPSFT
EFSFOEJNJFOUPEFFTUBOPSNBFVSPQFBTFDPOTJEF /&$,#3"$&4:45&.
SBOVOCVFOU©SNJOPNFEJPFOUSFQSPUFDDJ³O )BTUBBIPSB FMDVFMMPZMBOVDBDBSFDBOFOHSBO
DPNPEJEBEZMPTSFRVJTJUPTFSHPO³NJDPT-BNBZPS NFEJEBEFQSPUFDDJ³O JODMVTPDPOMBNFKPSSPQB
-PTOVFWPTQSPUFDUPSFT/1BCTPSCFO
QBSUFEFMPTTJTUFNBTEFQSPUFDUPSFTFOFMNFSDBEP EFNPUPSJTUB QFSPBIPSBTFIBDPSSFHJEPFTUFGBMMP MBFOFSHBEFDIPRVFEFGPSNBSFUBSEBEB
TFGBCSJDBOQBSBMBDBSHBN¡YJNBQFSNJUJEBQPSMB #.8.PUPSSBEZ,5.IBOEJTF±BEPFMOVFWP QBSBFWJUBSQVOUBTEFMBGVFS[BSFTJEVBM
OPSNB QFSPFTPTJHOJ趋DBRVFDPOMBTGSFDVFOUFT /FDL#SBDF4ZTUFNDPOBZVEBEFVOFYQFSUPFRVJQP
DBSHBTRVFTFQSPEVDFODPOFOFSHBDJO©UJDB EFCJPNFD¡OJDPT DJSVKBOPTFJOWFTUJHBEPSFTEF
SFEVDJEB FMDIPRVFBDUºBTPCSFFMDVFSQPQS¡DUJDB BDDJEFOUFTQBSBNJOJNJ[BSFMSJFTHPEFMFTJPOFT
NFOUFTJOIBCFSTJEPBNPSUJHVBEP-PTQSPUFDUPSFT FOMBOVDB MBTW©SUFCSBTDFSWJDBMFTZMBDMBWDVMB
EF#.8FTU¡ONVZQPSFODJNBEFMPTOJWFMFT &MDPOKVOUPEFDBSCPOP ,FWMBS QM¡TUJDPSFGPS[BEP
FYJHJEPTQPSMBOPSNBUJWBEFMB$& DPO趋CSBEFWJESJPZBDPMDIBEPEFFTQVNBTFDPMPDB
ZTFDJFSSBBMSFEFEPSEFMDVFMMP/PTFSFEVDFMB
%FFTUBGPSNBUJFOFO QPSFKFNQMP DPOTPMP MJCFSUBEEFNPWJNJFOUPTZFMDPOEVDUPSTFBDPTUVN
Ѽ 1SPUFDUPSEFQPMJVSFUBOP 16
Ѽ .VZCVFOBUSBOTQJSBCJMJEBEZDJSDVMBDJ³O
ѭL/ QSPUFDUPSFTEFBSUJDVMBDJPOFT
PѭL/ CSBFOQPDPTNJOVUPTBMOVFWPTJTUFNBEFTFHVSJEBE
Ѽ 'VOEBEFQPMJBNJEB&MBTU¡O EFMBIVNFEBE
QSPUFDUPSEPSTBM
MPTWBMPSFTEFFOFSHBSFTJEVBM Ѽ &MFNFOUPQSPUFDUPSEPSTBMQSFNPMEFBEP Ѽ $JOUBTEFIPNCSPTBKVTUBCMFTQSPHSFTJWBNFOUF
N¡TCBKPTEFMNFSDBEP-PTQSPUFDUPSFT TFHºOMB BOBU³NJDBNFOUF DJOUVSPOFTEFSJ±POFTZDJFSSFFOFMQFDIP
OPSNBUJWBEFMB$& UJFOFORVFUFOFSNBSDBEBTMB Ѽ $FSUJ趋DBEPTFHºO%*/ /JWFM Ѽ .BSDBѶ#.8.PUPSSBEѷFOFMDJOUVS³OEFSJ±POFT
OPSNBZMBUBMMB Ѽ 3FDVCSJNJFOUPEFW©SUFCSBT PN³QMBUPT Ѽ $PMPSFTOFHSPDPOB[VM
ZMB[POBEFMPTSJ±POFT Ѽ 5BMMBT4ѭ9-
Ѽ 1SPUFDDJ³OEFDMBWDVMBDPONBUFSJBMQSPUFDUPS16
Ѽ 7BMPSFTFYUSFNBEBNFOUFCVFOPT
EFBNPSUJHVBDJ³OEFHPMQFT

/&$,#3"$&4:45&.
6OBSFWPMVDJ³OFOMBSPQBEFQSPUFDDJ³O&MTJTUFNB/FDL#SBDFEF#.8.PUPSSBE 4JTUFNB/FDL#SBDF$BSCPOP
SFEVDFFOHSBONFEJEBMFTJPOFTFOMB[POBEFMBTW©SUFCSBTDFSWJDBMFTBMNPOUBS
FONPUP"EFN¡TFTFTQFDJBMNFOUFMJHFSPZQSPQPSDJPOBBMNPUPSJTUBMBNBZPS
MJCFSUBEEFNPWJNJFOUP4FQPOFNVZG¡DJMNFOUFQPSFODJNBEFVOBDIBRVFUB
EFNPUPSJTUBPEFVOBDBNJTFUB
/&$,#3"$&4:45&.
Ѽ 4JTUFNB/FDL#SBDF$BSCPOPQBSUF Ѽ "EBQUBCMFBUPEPTMPTDBTDPT
TVQFSJPSEFMBNJOBEPEFDBSCPOPZ DPSSJFOUFTZBMBSPQBEFNPUPSJTUB
,FWMBS QBSUFJOGFSJPSEFNBUFSJBMQM¡T Ѽ "KVTUFEFUBMMBTWBSJBCMF
UJDPJOZFDUBEPZSFGPS[BEPDPO趋CSB Ѽ .BOUJFOFMBMJCFSUBEEFNPWJNJFOUPT
EFWJESJP QFTPBQSPYHSBNPT Ѽ 1BSBDPNQFUJDJ³O POSPBEZPGGSPBE
Ѽ 4JTUFNB/FDL#SBDF'VODUJPO BTDPNPQBSBVTPEJBSJP
DPNQMFUBNFOUFEFNBUFSJBMQM¡TUJDP Ѽ '¡DJMNBOFKPHSBDJBTBMPTDJFSSFT
JOZFDUBEPZSFGPS[BEPDPO趋CSBEF S¡QJEPT
WJESJP Ѽ $PMPSBOUSBDJUBDBSCPOP
Ѽ "DPMDIBEPEFFTQVNBDPOGVOEB Ѽ 5BMMBT4 OJ±PT
Z. BEVMUPT
UFYUJMJOUFSDBNCJBCMF
&ODBTPTHSBWFT FM/FDL#SBDF4ZTUFNQVFEF
UBOUPFOTVVTPEFQPSUJWPDPNPFODJVEBE GSFOBS
EFGPSNBDPOUSPMBEBMPTNPWJNJFOUPTEFMBDBCF[BZ
EFMDBTDP-BTGVFS[BTRVFTVSHFOTFUSBOTNJUFOEF
GPSNBFGFDUJWBEFTEFFMDVFMMPBMUPSTP
Ѽ &MTPCSFFTUJSBNJFOUPEFMBDBCF[BFODBEB
EJSFDDJ³O IJQFS趌FYJ³O IJQFSFYUFOTJ³OF
IJQFS趌FYJ³OMBUFSBM
EJTNJOVZFDMBSBNFOUF
Ѽ 1VFEFOSFEVDJSTFMBTMFTJPOFTQSPEVDJEBTDPNP
DPOTFDVFODJBEFMBUPSDFEVSBEFMBDPMVNOB
WFSUFCSBMQPSFMFGFDUPEFMBGVFS[BTPCSFFMDBTDP
DBSHBBYJBM
PEFMSFUSPDFTPEFMBDBCF[BFOMB
QBSUFTVQFSJPSEFMBDPMVNOBWFSUFCSBM
)JQFSFYUFOTJ³O )JQFS趌FYJ³O $BSHBBYJBM )JQFS趌FYJ³OMBUFSBM
TPCSFFTUJSBNJFOUPEFMB TPCSFFTUJSBNJFOUPEFMB 5PSDFEVSBEFMBDPMVNOBWFSUFCSBMFO TPCSFFTUJSBNJFOUPEFMB
DBCF[BIBDJBBUS¡T DBCF[BIBDJBEFMBOUF DBTPEFVONPWJNJFOUPQSPWPDBEPQPS DBCF[BIBDJBMPTMBEPT
FMFGFDUPEFMBGVFS[BTPCSFFMDBTDP
4JTUFNB/FDL#SBDF'VOLUJPO
;POBEFQFMJHSP

.0$)*-"#"4*$4'6/5*0/ #0-4".&44&/(&3 40'5#"(
/PWFEBE
40'5#"(1&26&"
Ѽ $BQBDJEBEBQSPYM
BNQMJBCMFBBQSPYM
Ѽ $PNQBSUJNFOUPQSJODJQBM
JNQFSNFBCMF 40'5#"((3"/%&
Ѽ $PSSFBEFIPNCSP BTBTFTDBNPUFB Ѽ $ BQBDJEBEBQSPYM
CMFT CPMTBTQBSBPCKFUPTQFRVF±PT Ѽ $ PNQBSUJNFOUPQSJODJQBM
Ѽ .BUFSJBMSPCVTUPZEFG¡DJM JNQFSNFBCMF
NBOUFOJNJFOUP Ѽ $ PSSFBEFIPNCSP BTBTFTDBNPUFB
/PWFEBE Ѽ %PTCPMTJMMPTFYUFSJPSFTMBUFSBMFT CMFT CPMTBTQBSBPCKFUPTQFRVF±PT
Ѽ 6ODPNQBSUJNFOUPQBSBPCKFUPT Ѽ *ODMDPSSFBTEF趋KBDJ³O
QFRVF±PTFOMBDVCJFSUB Ѽ . BUFSJBMSPCVTUPZEFG¡DJM
Ѽ *ODMDPSSFBTEF趋KBDJ³O NBOUFOJNJFOUP
Ѽ $PMPSFTOFHSBQMBUB Ѽ % PTCPMTJMMPTFYUFSJPSFTMBUFSBMFT
Ѽ 6 ODPNQBSUJNFOUPQBSBPCKFUPT
QFRVF±PTFOMBDVCJFSUB
Ѽ 6 OCPMTJMMPFYUFSJPSDPO
DPNQBSUJNFOUPWJTJCMFFOMBDVCJFSUB
Ѽ $ PMPSFTOFHSBQMBUB
Ѽ 7PMVNFOBQSPYM
Ѽ .BUFSJBMFYUFSJPSQPMJ©TUFS QPMJVSFUBOP 17$
Ѽ &YUSFNBEBNFOUFJNQFSNFBCMF
Ѽ 7PMVNFOBQSPYM BNQMJBCMFBM Ѽ "TBEFUSBOTQPSUF Ѽ (SBODPNQBSUJNFOUPQSJODJQBMDPODSFNBMMFSB
Ѽ .BUFSJBMFYUFSJPSQPMJ©TUFS QPMJVSFUBOP 17$ Ѽ DPSSFBTFM¡TUJDBTMBUFSBMFTQBSBDPNQSJNJS Ѽ $PNQBSUJNFOUPBDPMDIBEPQBSBEPDVNFOUPTZQPSU¡UJM
Ѽ $PNQBSUJNFOUPQSJODJQBMFTUBODPBMBHVBDPO Ѽ "TBTRVFTFHVBSEBODPOJOHFOJPTF趋KB Ѽ #PMTJMMPFYUFSJPSEFMBOUFZEFUS¡TDPODSFNBMMFSB
BQBSUBEPQBSBQPSU¡UJM IBTUBQVMHBEBT
DPOMBTDPSSFBTTVNJOJTUSBEBTDPNPTBDP Ѽ CPMTJMMPDPODSFNBMMFSBZQFRVF±PT
Ѽ 1PTJCJMJEBEEFBNQMJBDJ³OQBSBDBTDP DJMOESJDPTPCSFMBNPUP DPNQBSUJNFOUPTFOMBDVCJFSUB
Ѽ CPMTJMMPFYUFSJPSFT Ѽ $PMPSFTOFHSPBOUSBDJUB Ѽ 1BSUFQPTUFSJPSBDPMDIBEB
Ѽ 1BSUFQPTUFSJPSFSHPO³NJDB Ѽ $PSSFBEFIPNCSPBDPMDIBEBDPOBKVTUFEFMPOHJUVE
Ѽ $PSSFBTEFIPNCSPFYUSBCMFTZBDPMDIBEBT Ѽ "TBEFUSBOTQPSUF
BKVTUBCMFT DPONBUFSJBMSF趌FDUBOUF Ѽ $PSSFBBKVTUBCMFZFYUSBCMFQBSBDBEFSB
Ѽ $PSSFBTEFQFDIPZDBEFSBBKVTUBCMFT Ѽ $PMPSFTOFHSPBOUSBDJUB
FOMPOHJUVE
Ѽ $PSSFBEFDBEFSBFYUSBCMFEFNBUFSJBMEF
NBMMBUSBOTQJSBCMFDPOCPMTJMMPTQFRVF±PT
DPODSFNBMMFSB

$"3&$0/$&150'"%7"/$&%3*%&3&26*1.&/5
1S
1S
-0445"/%"3%4%&4&(63*%"%&45/#*&/ 7&45*34&4&/5*34&#*&/
PU
PU
FD
FD
BE
BE
DJ³
DJ³
1&30-04/6&4530440/.&+03&4
SJE
SJE
2VJFODPOEVDFVOBNPUPDJDMFUBOPQVFEFEFKBSTFEJTUSBFSQPSVOFRVJQBNJFOUPRVFMF
OD
OD
HV
HV
1PSTVQVFTUP MBTFHVSJEBEFTMBQSJNFSBQSJPSJEBEEFMFRVJQBNJFOUPQBSBNPUPSJTUBTEF
MJN
MJN
4F
4F
TJFOUFNBM1PSFTPFMFRVJQBNJFOUPQBSBNPUPSJTUBTEF#.8.PUPSSBETBUJTGBDFMBT
¡U
¡U
JDB
JDB
#.8.PUPSSBE4VGVOEBNFOUPFTFOQSJNFSMVHBSMBFYUSBPSEJOBSJBDBMJEBEZMBFMBCPSB N¡TFTUSJDUBTFYJHFODJBTFONBUFSJBEFDPNPEJEBE-PTNBUFSJBMFTTPOEFDBMJEBEFTDP
DJ³OEFQSJNFSBDMBTFEFNBUFSJBMFTDPNP QPSFKFNQMP ,FQSPTIJFMEPFMDVFSPFTQFDJBM HJEBZTVNBNFOUFBHSBEBCMFTEFMMFWBSBQFTBSEFTVSFTJTUFODJB"T QPSFKFNQMP NV
%V
%V
NFOUFUSBUBEPZTVNBNFOUFSFTJTUFOUFBMSPDF/BUVSBMNFOUF UBNCJ©OMBDPOTUBOUFJO DIPTHVBOUFTFTU¡OQSFGPSNBEPTZFTQFDJBMNFOUFDPTJEPTQBSBFWJUBSRVFTFQSPEV[DBO
U
U
SB
SB
PS
PS
CJ
CJ
OG
OG
WFTUJHBDJ³OZEFTBSSPMMPEFOVFWPTNBUFSJBMFTEFTFNQF±BVOJNQPSUBOUFQBQFM QPSRVF QVOUPTEFQSFTJ³O5BNCJ©OMPTOVFWPTQSPUFDUPSFT/1PGSFDFOMPTNFKPSFTSFTVMUBEPT
MJE
MJE
$P
$P
BE
BE
T³MPBTBMDBO[BOOVFTUSPTQSPEVDUPTTUBOEBSETRVFNVDIBTWFDFTTVQFSBOMBTOPSNBT FOMPTUFTUTEFTFHVSJEBEZTPOFTQFDJBMNFOUFTVBWFTZ趌FYJCMFT
WJHFOUFT:T³MPQPSFTPQPEFNPTEJTQPOFSEFMTFMMP$"3&
1S
1S
PU
&-5*&.10)"$&-026&26*&3&a26&-0)"(" $"-*%"%1"3"4*&.13&:"-(0.4
PU
BE
FD
FD
BE
DJ
DJ³
JE
SJE
$POMPTQSPEVDUPTRVFMMFWBOFMTFMMP$"3&UFJOEFQFOEJ[BTEFMNBMUJFNQP/PTFIB -PTQSPEVDUPTEFMFRVJQBNJFOUPQBSBNPUPSJTUBTEF#.8.PUPSSBETPOQPSMPHFOFSBM
wO
VS
OD
HV
DM
FH
MJN
4F
PMWJEBEPOJOHºOEFUBMMF ZBTFUSBUFEFDSFNBMMFSBTFTUBODBT BKVTUFTFM¡TUJDPTJNQFSNFB BDPNQB±BOUFTRVFUJFOFORVFEBSMBDBSBEVSBOUFMBSHPUJFNQP"MDPSSFSEFMUJFNQP
JN
4
¡U
gU
JDB
JD
CMFTPDPTUVSBTIFSN©UJDBT BMRVFOPIBZBNPTQSFTUBEPMBNBZPSBUFODJ³O.BUFSJBMFT DBEBQJF[BTFIBDFUBOJOEJWJEVBMDPNPFMQSPQJPDPOEVDUPS-BCBTFEFMBFKFNQMBSEV
B
RVFOPEFKBOFOUSBSFMBHVB QFSPRVFQFSNJUFOMBFWBDVBDJ³OEFMWBQPSEFBHVBQSPEVDJ SBCJMJEBEEFMFRVJQBNJFOUPQBSBNPUPSJTUBTEF#.8.PUPSSBEFTMBFYDFMFOUFDBMJEBEEF
%V
%V
EPQPSFMDVFSQP"MHVOPTEFOVFTUSPTUFKJEPTJODMVTPBDUºBOQPSTNJTNPTZFRVJMJCSBO MPTNBUFSJBMFTZEFTVFMBCPSBDJ³O$BEBUFKJEPZDBEBIJMPTFQSVFCBOFOSJHVSPTPTUFTUT
U
U
SB
PS
PS
SB
CJ
OG
OG
CJ
FTQPOU¡OFBNFOUFMBTWBSJBDJPOFTEFUFNQFSBUVSB5PEPFTUPQFSTJHVFVOºOJDPPCKFUJWP FODPOEJDJPOFTSFBMJTUBT3FBMNFOUFOPIBZOJOHºONBUFSJBMRVFUF³SJDBZQS¡DUJDBNFOUF
MJE
MJE
$P
$P
BE
BE
DSFBSVODMJNB³QUJNPQBSBUJ QPSRVFTPMPTJVOPTFTJFOUFCJFOQVFEFDPOEVDJSNFKPS OPTBDVEBNPT BSSBTUSFNPT [BSBOEFFNPTZHPMQFFNPTIBTUBMBTBDJFEBE

:QPSFTP$"3&QFSTPOJ趋DBUBNCJ©OFM³QUJNPDPOGPSUDMJN¡UJDP

-0.4*.1035"/5&%&-"""-";
"DDFTPSJPTFYFOUPTEFORVFM $PSEVSB (03&5&9n953"'*5ӿ /PNFY 4DIPFMMFS1$.

5PEPTMPTCPUPOFTZDSFNBMMFSBTFTU¡OFYFOUPTEF )JMPEFOZMPODPNQVFTUPFOVOQPSQPMJBNJEB (03&5&9n953"'*5ԂFTVOEJTF±PEFUSFTDBQBT .BUFSJBMJOBMUFSBCMFBMDBMPSEF趋CSBJHOGVHBEFBSBNJEB
.BUFSJBMUPNBEPEFMBJOWFTUJHBDJ³OFTQBDJBMRVF
ORVFMZTPOQPSMPUBOUPSFTQFUVPTPTDPOMBQJFM 1BSBTVGBCSJDBDJ³O MPTIJMPTDPSUBEPTEFQPMJBNJEBTF RVFTFVUJMJ[BQBSBMBGBCSJDBDJ³OEFHVBOUFTEFNPUPSJTUB HSBDJBTBVOBTD¡QTVMBTFTQFDJBMFTEFQBSB趋OB FTU¡
IJMBOEFOVFWPZTFFOUSFUFKFOp$EFQVOUPEF &MHVBOUFFTFTUBODPBMBHVBZBMWJFOUP BTDPNP 1$1$1 FODPOEJDJPOFTEFBMNBDFOBSFMDBMPSZFWBDVBSMP
"JS5FY GVTJ³O&MNBUFSJBM$PSEVSBFTBºON¡TSFTJTUFOUF USBOTQJSBCMF5PEBTMBTDBQBTFTU¡OVOJEBTFOUSFT &MQFOUBDMPSPGFOPM 1$1
FTU¡TPNFUJEPBMSFHMBNFOUP EFTQV©T%VSBOUFMBTGBTFTD¡MJEBT MBTD¡QTVMBT
-BFTUSVDUVSBEF%ZOB趋M SFTJTUFOUFBMSPDF SFUJDVMBS BMEFTHBSSBNJFOUP &MGPSSPFTU¡VOJEPBMBNFNCSBOBZFTUBBTVWF[BM BMFN¡OEFQSPIJCJDJPOFTRVNJDBTEFZTV BCTPSCFOFMDBMPSZEVSBOUFMBTGSBTMPEFWVFMWFO
ZQPSDPOTJHVJFOUFNVZUSBOTQJSBCMF QSPQPSDJPOBVOB DVFSP%FFTUBGPSNBTFDPOTJHVFVOBFYDFMFOUF VUJMJ[BDJ³OEFCFSFTQFUBSFMMNJUFQSFTDSJUPEFNHLH EFNBOFSBRVFMBTPTDJMBDJPOFTEFUFNQFSBUVSBTF
CVFOBDJSDVMBDJ³OEFMBJSF NVZBHSBEBCMFDPO %JTF±P TFOTBDJ³OEFBHBSSFZVOBHSBOGBDJMJEBEQBSBQPO©STFMPT FRVJMJCSBOEFNBOFSB³QUJNBZMBEFMDVFSQPTF
UFNQFSBUVSBTBMUBT&TNVZD³NPEPEFMMFWBSZPGSFDF -BTGPSNBTZDPMPSFTDM¡TJDPTTPOMBTDBSBDUFSTUJDBT ZRVJU¡STFMPT JODMVTPDVBOEPFTU¡ONPKBEPT 1JFM NBOUJFOFBHSBEBCMF'VODJPOBEFNPEPJEFBMDPO
MBTFHVSJEBEEFVOBDIBRVFUBEFNPUPSJTUB*EFBMQBSB EFMEJTF±PEF#.8.PUPSSBE1SJODJQJPC¡TJDPѶ-B /PUPEBTMBTQJFMFTTPOJHVBMFT QPSFTPTPMPVUJMJ[BNPT UFNQFSBUVSBTEFp$Bp$
EBTDBMVSPTPT GPSNBTFEFSJWBEFMBGVODJ³Oѷ )JESPGVHBDJ³O MBTEFDBMJEBETVQFSJPS&MBCPSBNPTDIBRVFUBT CPUBT
5SBUBNJFOUPSFQFMFOUFEFBHVBQBSBFMDVFSP4FMMFWB ZHVBOUFTTPMBNFOUFEFQJFMFTEFWBDVOPQSPDFEFO 4FHVSJEBEBDUJWBZQBTJWB
$BSCPOP %JTUJOUJWP$& BDBCPFO#.8.PUPSSBEEFOUSPEFVOUPOFMDPOVO UFTEFMB6&EFQSJNFSBDBMJEBE&MFTQFTPSNOJNP -BTFHVSJEBEBDUJWBQSFWJFOFVOBDDJEFOUF QPSFKFNQMP
6OB趋CSBEFDBSCPOPCBTUBOUFN¡TMJHFSBRVFMBEF &MEJTUJOUJWP$& $&$PNNVOBVU©&VSPQ©FOOF
QSPEVDUPQVOUFSP .4DPUDIHVBSE
6OBIJESPGVHB FOMPTUSBKFTFTEF NN BNFOVEPNBZPS1PSFTP NFEJBOUFMBWJTJCJMJEBEEFMNBUFSJBMSF趌FDUBOUF-B
WJESJP3FTJTUFODJBZSJHJEF[FMFWBEBT HBSBOUJ[BRVFFMQSPEVDUPDVNQMFMPTSFRVJTJUPTEF DJ³O³QUJNBBGFDUBTPMBNFOUFBMBT趋CSBTEFMDVFSP MPTWBMPSFTEFSP[BNJFOUPTPOºOJDPT QBTJWBBDUºBDVBOEPFMBDDJEFOUFTFQSPEVDF QPS
TFHVSJEBEFTUBCMFDJEPTFOMBTEJSFDUJWBTEFMB6OJ³O MPTQPSPTTFNBOUJFOFOBCJFSUPTZBTTFNBOUJFOFMB FKFNQMP DPOMBVUJMJ[BDJ³OEFNBUFSJBMFTSFTJTUFOUFTB
$"3&.FNCSBOBDMJN¡UJDB &VSPQFB USBOTQJSBCJMJEBE 1JFMEFDBOHVSP MBTDBEBTPEFQSPUFDUPSFTBNPSUJHVBEPSFTEFHPMQFT
.FNCSBOBGVODJPOBMTFMFDDJPOBEBTFHºOMPT .¡TFTUBCMFRVFFMDVFSPEFCVFZ HSBDJBTBMBNBZPS
FTU¡OEBSFT$"3& FTUBODBBMWJFOUP JNQFSNFBCMF %V1POU$PPMNBY ,FQSPTIJFME 趋OVSBEFTVT趋CSBT TVNBZPSFOUSFMB[BNJFOUPZTV 4FSBꖿM
ZUSBOTQJSBCMF %V1POU$PPMNBYTFDPNQPOFEF趋CSBTIVFDBTRVF 5FKJEPEFQSPUFDDJ³OFYUSFNBDPO,FWMBS %ZOBUFDZ FTUSVDUVSBN¡TDPNQBDUB )JMPEFTFHVSJEBE EFBMUBSFTJTUFODJBBMEFTHBSSBNJFOUP
QPSTVFGFDUPDBQJMBSUSBOTQPSUBONVZS¡QJEBNFOUFMB BMHPE³OFODPNCJOBDJ³ODPOMBNFNCSBOBDMJN¡UJDB #.8.PUPSSBEVUJMJ[BFYDMVTJWBNFOUFFTUFIJMPFOFM
$BTDPJOUFHSBM IVNFEBEIBDJBGVFSB"TTFTFDBFMNBUFSJBMVO CJ³OJDBD@DIBOHFFOMBNJOBEPEFDBQBTZFRVJQBEP 1JFMEFOBQB FRVJQBNJFOUPQBSBNPUPSJTUBT
$BTDPEFNPUPSJTUBRVFDVCSFUPEBMBDBCF[B N¡TEFQSJTBRVFFMBMHPE³O BEFN¡TDPOMBUFDOPMPHBSF趌FDUBOUFDPMECMBDL -BDBQBFYUFSJPSRVFDPOUJFOFFMWFMMP-JTBZDPONBZPS
PNFOPSCSJMMP SFTVMUBOEPVODVFSPTVBWFDPOVOB趋OB 4JMWFS'VODUJPO
$BTDP+FU %ZOBꖿM ,FQSPUFD FTUSVDUVSBTVQFS趋DJBM 6OUFKJEPBMRVFTFMFB±BEFQMBUBNFEJBOUFVOQSPDFTP
$BTDPEFNPUPSJTUBTJONFOUPOFSBOJWJTFSB )JMPEFQPMJBNJEBTVNBNFOUFSFTJTUFOUFBMEFTHBSSB 5FKJEPDPNQVFTUPEF,FWMBSZ趋CSBTEF1" RVF EFJPOJ[BDJ³O QBSBRVFSFTVMUFBOUJCBDUFSJBOPZ
NJFOUP BºON¡TSPCVTUPRVF$PSEVSB$PO DPNQMFUBMBTFYUSBPSEJOBSJBTDVBMJEBEFTEF,FWMBSDPO 1JFMEFOPCVL BOUJFTU¡UJDP SFEV[DBMPTPMPSFTZFRVJMJCSFMBT
$BTDP0GG3PBE FMFWBEBFTUBCJMJEBEU©SNJDB VOBHSBOSFTJTUFODJBBMQMFHBEPZBMEFTHBSSBNJFOUP $VFSPNVZUSBOTQJSBCMFDVZBTVQFS趋DJFFTU¡MJHFSBNFOUF UFNQFSBUVSBT&MNBUFSJBMEFTUBDBUBNCJ©OQPSTV
$BTDPEFNPUPDJDMFUBDPONFOUPOFSBZQBOUBMMB 4FVUJMJ[BDPNPSFGVFS[PFOMBT[POBTN¡TFYQVFTUBT QVMJEB3FTVMUBEPUBDUPBUFSDJPQFMBEP HSBODBQBDJEBEEFUSBOTQPSUFEFIVNFEBE
QFSPTJOWJTFSB %ZOBUFD BMBTDBEBT DPEPT IPNCSPT SPEJMMBT U©OBS FUD

5FKJEPEF%ZOB趋M TVNBNFOUFSPCVTUPZSFTJTUFOUF 1MJFHVFTEFFOTBODIF 4JTUFNB5'-$PPM
D@DIBOHF BMEFTHBSSBNJFOUPp$EFQVOUPEFGVTJ³O -BNJOBEP &MNBUFSJBMFYUFSJPSTFDPTFFOGPSNBPOEVMBEBTPCSF -BUFDOPMPHB$PPMFODVFOUSBTV¡NCJUPEFBDUVBDJ³O
4FVUJMJ[BUBNCJ©ODPOMBNFNCSBOBDMJN¡UJDBCJ³OJDB -BVOJ³OEFEJWFSTPTNBUFSJBMFTNFEJBOUFFODPMBEP VONBUFSJBMFM¡TUJDP"TFTQPTJCMFFMQMJFHVF DPOMP FOMBSPQBUFYUJMPEFDVFSPEFDPMPSPTDVSP(SBDJBTB
D@DIBOHFDPNPMBNJOBEPUSJQMF%ZOBUFDFM¡TUJDPZ 'PSNBBEBQUBEBBMBNPUPDJDMFUB U©SNJDP&MQFHBNFOUPTFBQMJDBQPSMPHFOFSBMFO RVFTFNBOUJFOFMBSFTJTUFODJBBMSPDFEFMNBUFSJBM VOQSPDFEJNJFOUPFTQFDJBMEFGBCSJDBDJ³O MPTSBZPT
SFTJTUFOUFBMSPDF QSFTFOUBEPFOGPSNBEFMBNJOBEP *OTQJSBEPFOMBQPTUVSBTPCSFMBNPUPDJDMFUBCPDBNBO GPSNBEFQVOUPTBJOUFSWBMPTEFUFSNJOBEPT&TQFDJBM FYUFSJPS EFMTPMTFSF趌FKBODPOMBNJTNBJOUFOTJEBERVFFOMB
EFDBQBT-BѶJOUFMJHFOUFѷNFNCSBOBD@DIBOHF HBTBEFMBOUBEP DPSUFDVSWBEPEFMBTNBOHBTZEFMBT NFOUFBQSPQJBEPQBSBMBFMBCPSBDJ³OEFNFNCSBOBT SPQBEFDPMPSDMBSP&MNBUFSJBMFYUFSJPSOPTFDBMJFOUB
NPEJ趋DBFMUBNB±PEFTVTQPSPTTFHºOMBUFNQFSBUVSB QJFSOBTBTDPNPJOOVNFSBCMFTEFUBMMFT U©SNJDBT1VFEFTFSMBNJOBEPEFGPSSPPEFUSFTDBQBT 1SP'PBN UBOUPZFMQFMJHSPEFTPCSFDBMFOUBNJFOUPEJTNJOVZF
FYUFSJPS SFHVMBOEPTFHºOMBTOFDFTJEBEFTMBUSBOTQJSB QFSPOPEFCFFTUBSOFDFTBSJBNFOUFQFHBEPBMNBUFSJBM &TQVNBWJTDPFM¡TUJDBRVFTFFOEVSFDFDPOSBQJEF[ TVTUBODJBMNFOUF
CJMJEBEEFMUFKJEP RVFFOEBTDBMVSPTPTѶSFTQJSBѷZFO (03&5&9n FYUFSJPS GVMHVSBOUFFODBTPEFDPMJTJ³OZRVFQSPQPSDJPOBVOB
EBTGSPTBTMB .FNCSBOBEF5F趌PO 1PMJUFUSB趌VPSFUJMFOP
DPO FYUSBPSEJOBSJBBNPSUJHVBDJ³OFODVBMRVJFSDJSDVOTUBODJB 4UPSNDVGG
OVNFSPTPTNJDSPQPSPTJODPSQPSBEPTRVFJNQJEFOMB .BUFSJBMQM¡TUJDPSFGPS[BEPDPOꖿCSBEFWJESJP U©SNJDB $PTJEPBMBNBOHB JNQJEFFMQBTPEFMBHVBZFWJUB
DPMECMBDL FOUSBEBEFHPUBTEFBHVB QFSPQFSNJUFOMBFWBDVBDJ³O (',
.BUFSJBMQM¡TUJDPSFGPS[BEPDPOꖿCSBEF UBNCJ©OMBFOUSBEBEFTBMQJDBEVSBT
3F趌FDDJ³OEFSBZPTEFTPMZQSPUFDDJ³O67DPOFTUF EFMBTNPM©DVMBT NVDIPN¡TQFRVF±BT EFWBQPSEF DBSCPOP $',
1SP4BGF
FRVJQBNJFOUPMPTDPMPSFTPTDVSPTSF趌FKBOMPTSBZPT BHVB(SBDJBTBTVFTUSVDUVSBSBNJ趋DBEB MBNFNCSBOB -BT趋CSBTEFWJESJP EFDBSCPOPPEF"SBNJEBQVFEFO &TQVNBJOUFHSBMEFQPMJVSFUBOPDPOVOBFTUSVDUVSB 5SBOTQJSBCJMJEBE
EFTPMZFMUSBKFTFNBOUJFOFGSFTDPEVSBOUFN¡TUJFNQP FTUBNCJ©OFTUBODBBMWJFOUP NF[DMBSTFFOQSPQPSDJPOFTEJTUJOUBT TFHºOMBT JOUFSJPSEFD©MVMBTBCJFSUBTZFYUFSJPSEFD©MVMBT &YQSFTBEBU©DOJDBNFOUFQPSMBSFTJTUFODJBBMQBTPEFM
OFDFTJEBEFT.PEJ趋DBOEPTVEJSFDDJ³OZTVQPTJDJ³O DFSSBEBT MPRVFMFIBDFSFTJTUFOUFBMPTFGFDUPTEF WBQPSEFBHVB WBMPS3&5
$VBOUPNFOPSTFBFTUB
$PMPSBOUFTOUSJDPT FOFMDPOKVOUPQVFEFOPCUFOFSTFQSPQJFEBEFT MBJOUFNQFSJF6UJMJ[BEBFOMPTQSPUFDUPSFT DJGSB N¡TUSBOTQJSBCMFFTFMNBUFSJBM
&OFMUF±JEPEFMPTNBUFSJBMFTFYUFSJPSFTOPQVFEFO FTQFDJBMFT DPNP QPSFKFNQMP QPDPQFTP SFTJTUFO
VUJMJ[BSTFDPMPSBOUFTOUSJDPTRVFQVFEBOEFTDPNQP DJBZSJHJEF[FMFWBEBT FTDBTBEJMBUBDJ³OZCVFOBT ;-JOFS
OFSTFFOBNJOBTDBODFSHFOBT DBSBDUFSTUJDBTU©SNJDBT $POFTUFQSPDFEJNJFOUPMBNFNCSBOBFTU¡ѶDPMHBEBѷ
TJODPTUVSBTDPNPVOGPSSPFOUSFFMNBUFSJBMFYUFSJPSZ
FMGPSSPQSPQJBNFOUFEJDIP

5"#-"4%&5"--"4
4&03"4 5BNB±P "MUVSB 1FDIP $JOUVSB $BEFSB -BSHP-BUFSBM &VUSFQJFSOB 5BMMBFTU¡OEBS

6/*4&9 5BMMB 1FDIP
4F±PSBT $BCBMMFSPT
/PSNBM ѭ ѭ ѭ
94 ѭ
ѭ ѭ ѭ
4 ѭ
ѭ ѭ ѭ
. ѭ
ѭ ѭ ѭ
- ѭ
ѭ ѭ ѭ
9- ѭ
ѭ ѭ ѭ 99- ѭ
ѭ ѭ ѭ 999- ѭ
&TUSFDIB ѭ ѭ ѭ
1305&$503 5BMMB -BSHPEFMUPSTP &TUBUVSB
ѭ ѭ ѭ %034"-
ѭ ѭ ѭ
4 IBTUB BQSPYѭ
ѭ ѭ ѭ
. ѭ BQSPYѭ
ѭ ѭ ѭ - ѭ BQSPYѭ
"ODIB ѭ ѭ ѭ 9- ѭ BQSPYѭ
ѭ ѭ ѭ
ѭ ѭ ѭ :BRVFFMMBSHPEFMUPSTPZMBFTUBUVSBQVFEFOQSFTFOUBSHSBOEFTEJGFSFODJBTJOEJWJEVBMFTZRVFBEFN¡T
ѭ ѭ ѭ FMBODIPEFMUPSTPBGFDUBBMBGPSNB MBTDJGSBTFYQVFTUBTEFCFODPOTJEFSBSTFPSJFOUBUJWBT
ѭ ѭ ѭ
$"#"--&304 5BNB±P "MUVSB 1FDIP $JOUVSB $BEFSB -BSHP-BUFSBM &VUSFQJFSOB
/PSNBM ѭ ѭ ѭ ѭ

ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ $PON¡TDPSQVMFODJB
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
&TUBUBCMBEFUBMMBTFTU¡CBTBEBFOMBTNFEJEBTDPSQPSBMFT$POTUJUVZFMBCBTFEFMPTDPSUFTEFMBDPMFDDJ³OBDUVBM
EFMFRVJQBNJFOUPQBSBNPUPSJTUBTEF#.8.PUPSSBEZQVFEFTFSWJSEFPSJFOUBDJ³OQBSBFMFHJSMBUBMMBBEFDVBEB
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
&TUSFDIB ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
5BMMBTJOUFSNFEJBT ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ
ѭ ѭ ѭ ѭ

"44&.*%&6/0$033&$5".&/5& 4.#0-04
-BGPSNB³QUJNBEFVOUSBKFEFNPUPSJTUBFTEFDJTJWBFONVDIPTBTQFDUPTDVBOEP
FMUSBKFUJSBPBQSJFUB MBDPODFOUSBDJ³OEVSBOUFMBNBSDIBTFWFBGFDUBEB-PNJTNP D@DIBOHF 4PM
PDVSSFDVBOEPFMUSBKFѶBMFUFBѷ 5FNQFSBUVSBTD¡MJEBT
$VBOEPFTUPTVDFEF MPTOFSWJPTZMBTGVFS[BTTFDPOTVNFOQSPOUPZFTPPDBTJPOB
(03&5&9n 'SP
VOBQ©SEJEBEFTFHVSJEBE0USBDVFTUJ³OFTMBQFSGFDUBDBEBEFDIBRVFUBTZQBOUB
5FNQFSBUVSBTGSBT
MPOFT RVFFTUBOSFMFWBOUFQBSBMBTFHVSJEBEDPNPQBSBMBQSPUFDDJ³OGSFOUFBMNBM
UJFNQP
(03&5&9n"SNBDPS &TUBODPBMWJFOUP
1PSFTPUPEBTMBTQSFOEBTFTU¡OBEBQUBEBTBMBNPUPDJDMFUBZEJTQPOFOEFVOBTFSJF .BUFSJBMTVNBNFOUFSFTJTUFOUFBMSPDF
EFBKVTUFTJOEJWJEVBMFTEFBODIVSB QMJFHVFTEFFOTBODIFZTFOTBUBTTPMVDJPOFTEF DPOBMUBFTUBCJMJEBEU©SNJDBHSBDJBTBMB
EFUBMMF DPNCJOBDJ³OEFMBT趋CSBTEFBMUBUFDOPMPHB
,FWMBSZ$PSEVSB &TUBODPBMBHVB
4JOFNCBSHP FMSFRVJTJUPGVOEBNFOUBMQBSBRVFMBQSFOEBTJFOUFDPNPBNFEJEBFT
FMFHJSMBUBMMBDPSSFDUB.¡TEFUBMMBTEJTUJOUBTTFBDPNPEBOBMBFTUBUVSBEFDBTJ $PSEVSB
DVBMRVJFSQFSTPOB&MJHFMBUVZBUPN¡OEPUFNFEJEBTUºNJTNPEFBDVFSEPDPOFTUBT
JOEJDBDJPOFT #PMTJMMPJNQFSNFBCMF
%ZOBUFD
$PSUFFTQFDJBMQBSBTF±PSBT
A "MUVSB ,FQSPTIJFME
4JUºBUFEFTDBM[PKVOUPBMNBSDPEF K
VOBQVFSUB1POVOMJCSPTPCSFUV 1SPUFDUPSFTFYUSBCMFT
DBCF[BZIB[VOBNBSDB.JEFMB
BMUVSB "JS5FY
1FDIP 1SPUFDUPSFTJODPSQPSBCMFT
&TUBUBMMBTFNJEFMMFWBOEPQVFTUP
VOKFSTFZMJHFSPPVOBDBNJTB-B -BNJOBEPT8*/%45011&3
DJOUBN©USJDBEFCFDF±JSTFBMB 0GSFDFOHSBOMJCFSUBEEFNPWJNJFOUPTZMB
QBSUFN¡TTPCSFTBMJFOUFEFMQFDIP NFKPSQSPUFDDJ³ODPOUSBFMNBMUJFNQP $BSCPOP
B ZDVCSJSMPTEPSTBMFT
.5IJOTVMBUF
$JOUVSB 1SPUFDDJ³OGSFOUFBMDBMPSTJOQFTPZWPMV
.JEFQPSFODJNBEFMBDBNJTB OP NFOJOOFDFTBSJPT 'PSNB
EFMQBOUBM³O1SFTUBBUFODJ³OB $BTDPTEFWBSJPTUBNB±PT
UVQPTUVSB1PSGBWPS OPNFUBTFM DPMECMBDLUFDOPMPHB5'-$PPM
C
FTU³NBHPZNJEFUBOTVFMUPDPNP
7FOUJMBDJ³O
RVJFSBTRVFUFTJFOUFMVFHPFM
D QBOUBM³O
.BUFSJBMSFꗀFDUBOUF
$BEFSBT
$JFSSFEPCMF%
.JEFQPSFODJNBEFMQBOUBM³OFO
MBQBSUFN¡TTPCSFTBMJFOUFEFMBT
/BOPTQIFSF
DBEFSBT BMSFEFEPSEFMDVFSQP
&WJUBVOBTVDJFEBEFYDFTJWBZQSPQPSDJPOB
NFKPSFTSFTVMUBEPTEFMMBWBEP &TQFDJBMNFOUFMJHFSP
E -BSHPMBUFSBM
.JEFEFTEFMBDJOUVSBBMBTVFMB $VFSP
EFM[BQBUPQPSMBQBSUFFYUFSJPSEF
MBQJFSOB 1BOUBMMBEPCMF
-BSHPEFMBFOUSFQJFSOB $VFSPEFDBOHVSP
.JEFEFTEFMBFOUSFQJFSOBIBTUBMB
F TVFMBEFM[BQBUPQPSMBQBSUFJOUFSJPS #BOEBEFOVDB
EFMBQJFSOB
$VFSPEFSBZB
.FNCSBOBDMJN¡UJDB$"3&
)JESPGVHBDJ³O
#.8.PUPSSBE
3JEF
CNXNPUPSSBEDPN &MQMBDFS
SJEF EFDPOEVDJS
CNXNPUPSSBEDPNTIPQ
4BMWPFSSPS PNJTJ³OPNPEJ趋DBDJPOFTi#.8.PUPSSBE 697# .ºOJDI "MFNBOJB1SPIJCJEBMBSFJNQSFTJ³OUPUBMPQBSDJBMTJOQFSNJTPFTDSJUPEF#.8"( .ºOJDI&OMBJNQSFTJ³O
EFFTUFDBU¡MPHPTFIBVUJMJ[BEPQBQFMCMBORVFBEPFYFOUPEFDMPSP1SJOUFEJO(FSNBOZ

BMW Motorrad RiderEquipment 2012 PDF

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

BMW Motorrad RiderEquipment 2012 PDF

Uploaded by

Copyright:

Available Formats

#.8.

 $"4$04:$0.6/*$"$*/  $)"26&5"4:1"/5"-0/&4  $POTUBOUFJOOPWBDJ³OQBSB  0.4*.1035"/5&

#PMTBEFDBTDP&YDMVTJW $PMPSCMBODPQMBUBNFUBMJ[BEP $PMPSHSJTPTDVSPNBUF %JTF±P$PTNJD $PMPSOFHSPOPDIFCSJMMBOUF $PMPSQMBUBUJUBOJP $PMPSBNBSJMMP

%JTF±P7PMU $PMPSHSJTPTDVSPNBUF $PMPSNBHOFTJPNBUF %JTF±P8BWF

&TUFDBTP&OEVSPFOUVTJBTNBDPOGBDJMJEBE DPOVOQFTPUPUBM DBTJEFS©DPSE EF

Ѽ $PO趋HVSBDJ³OBDPMDIBEB BEBQUBEBT³QUJNBNFOUF Ѽ "VUPSJ[BEPTFHºO&$&

1&304*/&-13&$*0.9*.0 USBKFEFUVSJTNPEFQPSUJWP EJTF±BEBTQBSBPGSFDFS

Ѽ $IBRVFUBU©SNJDBBDPMDIBEBFYUSB­CMF Ѽ 5BMMBTEFDBCBMMFSPѭ ѭ

(SJTNJOFSBMNBSQSPGVOEP /FHSPDJSVFMB .BSQSPGVOEPOFHSP

VOBFYDFMFOUFDJSDVMBDJ³OEFMBJSF Ѽ $PMPSFTOFHSP JNQSFTJ³OFOQMBUB

SF趌FDUBOUF. Ѽ $SFNBMMFSBEFVOJ³O DN

:BFOTVDVBSUBHFOFSBDJ³O FMUSBKFEFDVFSP"UMBOUJT -BFMBCPSBDJ³OZMBTQSVFCBTTFSFBMJ[BOFO"MFNBOJB

Ѽ $IBRVFUBJNQFSNFBCMF Ѽ $VFMMPU©SNJDPBDPMDIBEP Ѽ $IBRVFUBUFYUJMQBSBDPOEVDJS Ѽ 'SBOKBTSF趌FDUBOUFTEFMBOUF Ѽ 5FKJEPEFQPMJBNJEBSFTJTUFOUFBMSPDF

WJFOUPZUSBOTQJSBCMFHSBDJBT CPMTJMMPJOUFSJPSJNQFSNFBCMF DJ³O³QUJNB DBCBMMFSPDPODPSUFSFDUP Ѽ .BUFSJBMSF趌FDUBOUF

Ѽ 1SPUFDUPSFT/1FYUSB­CMFT BOUSBDJUBFOMBNBOHB Ѽ 1SPUFDUPSEFFTQBMEB Ѽ 5BMMBTEFDBCBMMFSP4ѭ999- Ѽ $PMPSOFHSPOF³O

Ѽ #PUBTEFQPSUJWBTEFBMUBDBMJEBE 4*45&."%&$0/530- Ѽ #PUBTEFDBSSFSBDPOU©DOJDBEFTFHVSJEBEEFBHBSSF

K #05"44"/5*"(0 #05"4"--306/% ;"1"5*--"4 4OFBLFS9

Ѽ ;BQBUJMMBTEFDVFSPEFBMUVSBNFEJB Ѽ 4VFMBFYUFSJPSEFHPNB Ѽ ;BQBUJMMBEFNFEJBBMUVSBQBSBTVVTP Ѽ 1SPUFDDJ³OQBSBFMQFEBM

$"3&:"5&/$*/ "M趋OZBMDBCP PCUJFOFTMPRVFQBHBT&TQPTJCMF

Ѽ (VBOUFTEFQPSUJWPTSPCVTUPTZ趌FYJCMFT Ѽ %PSTPBOUFOPCVLTVBWF JOUFSJPSEFDVFSPEFCVFZMJTP

K (6"/5&4 (6"/5&4 (6"/5&4 (6"/5&4*/5&3*03&4%&4&%"

Ѽ (VBOUFTEFWJBKFSFTJTUFOUFTBMBHVB Ѽ 1SPUFDDJ³ODPO,FQSPUFDQPSEFCBKP Ѽ (VBOUFTEFJOWJFSOPNVZBJTMBOUFT Ѽ &TQVNBEFTFHVSJEBEFO Ѽ -JHFSPHVBOUFEFWFSBOPQBSB Ѽ 1VMHBSDPO[POBFM¡TUJDBEF$PSEVSB Ѽ 1BSBFOUSFUJFNQP DPNPDPNQMFNFO Ѽ $PMPSOFHSP

Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ "OUJCBDUFSJBOBJODMVTPEFTQV©T Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ 1BOUBM³OFOMBSHP~

.&%*"'6/$*0/"-):%3040$, $"-$&5*/&4:.&%*"4 $"-&/5"%03 1"4".0/5""4 &"4:56#&#.8.05033"%

Ѽ "KVTUFQFSGFDUPNFEJBOUFHPNB Ѽ .FEJBMBOB QPMZBDSZM

Ѽ .BUFSJBMBOUJEFTMJ[BOUFFOMB[POBEF QBTBNPOUB±BT Ѽ 4FQVFEFHVBSEBSFOMBCPMTB

#.8.PUPSSBE FOFTUSFDIBDPMBCPSBDJ³ODPO &-$)"-&$0%&

DSFBSVODMJNB³QUJNPQBSBUJ QPSRVFTPMPTJVOPTFTJFOUFCJFOQVFEFDPOEVDJSNFKPS OPTBDVEBNPT BSSBTUSFNPT [BSBOEFFNPTZHPMQFFNPTIBTUBMBTBDJFEBE

"DDFTPSJPTFYFOUPTEFO­RVFM $PSEVSB (03&5&9n953"'*5ӿ /PNFY 4DIPFMMFS1$.

4&03"4 5BNB±P "MUVSB 1FDIP $JOUVSB $BEFSB -BSHP-BUFSBM &VUSFQJFSOB 5BMMBFTU¡OEBS

$"#"--&304 5BNB±P "MUVSB 1FDIP $JOUVSB $BEFSB -BSHP-BUFSBM &VUSFQJFSOB

/PSNBM  ѭ ѭ ѭ ѭ  

You might also like

$"4$04:$0.6/$"$/ $)"26&5"4:1"/5"-0/&4 $POTUBOUFJOOPWBDJ³OQBSB 0.4*.1035"/5&

#PMTBEFDBTDP&YDMVTJW $PMPSCMBODPQMBUBNFUBMJ[BEP $PMPSHSJTPTDVSPNBUF %JTF±P$PTNJD $PMPSOFHSPOPDIFCSJMMBOUF $PMPSQMBUBUJUBOJP $PMPSBNBSJMMP

%JTF±P7PMU $PMPSHSJTPTDVSPNBUF $PMPSNBHOFTJPNBUF %JTF±P8BWF

Ѽ $PO趋HVSBDJ³OBDPMDIBEB BEBQUBEBT³QUJNBNFOUF Ѽ "VUPSJ[BEPTFHºO&$&

1&304/&-13&$0.9*.0 USBKFEFUVSJTNPEFQPSUJWP EJTF±BEBTQBSBPGSFDFS

Ѽ $IBRVFUBU©SNJDBBDPMDIBEBFYUSBCMF Ѽ 5BMMBTEFDBCBMMFSPѭ ѭ

(SJTNJOFSBMNBSQSPGVOEP /FHSPDJSVFMB .BSQSPGVOEPOFHSP

VOBFYDFMFOUFDJSDVMBDJ³OEFMBJSF Ѽ $PMPSFTOFHSP JNQSFTJ³OFOQMBUB

SF趌FDUBOUF. Ѽ $SFNBMMFSBEFVOJ³O DN

WJFOUPZUSBOTQJSBCMFHSBDJBT CPMTJMMPJOUFSJPSJNQFSNFBCMF DJ³O³QUJNB DBCBMMFSPDPODPSUFSFDUP Ѽ .BUFSJBMSF趌FDUBOUF

Ѽ 1SPUFDUPSFT/1FYUSBCMFT BOUSBDJUBFOMBNBOHB Ѽ 1SPUFDUPSEFFTQBMEB Ѽ 5BMMBTEFDBCBMMFSP4ѭ999- Ѽ $PMPSOFHSPOF³O

K #05"44"/5"(0 #05"4"--306/% ;"1"5--"4 4OFBLFS9

$"3&:"5&/$*/ "M趋OZBMDBCP PCUJFOFTMPRVFQBHBT&TQPTJCMF

Ѽ (VBOUFTEFQPSUJWPTSPCVTUPTZ趌FYJCMFT Ѽ %PSTPBOUFOPCVLTVBWF JOUFSJPSEFDVFSPEFCVFZMJTP

K (6"/5&4 (6"/5&4 (6"/5&4 (6"/5&4/5&303&4%&4&%"

Ѽ (VBOUFTEFWJBKFSFTJTUFOUFTBMBHVB Ѽ 1SPUFDDJ³ODPO,FQSPUFDQPSEFCBKP Ѽ (VBOUFTEFJOWJFSOPNVZBJTMBOUFT Ѽ &TQVNBEFTFHVSJEBEFO Ѽ -JHFSPHVBOUFEFWFSBOPQBSB Ѽ 1VMHBSDPO[POBFM¡TUJDBEF$PSEVSB Ѽ 1BSBFOUSFUJFNQP DPNPDPNQMFNFO Ѽ $PMPSOFHSP

Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ "OUJCBDUFSJBOBJODMVTPEFTQV©T Ѽ .FSZMQPMJBNJEB4LJOMJGF Ѽ 1BOUBM³OFOMBSHP~

.&%"'6/$0/"-):%3040$, $"-$&5/&4:.&%"4 $"-&/5"%03 1"4".0/5""4 &"4:56#&#.8.05033"%

Ѽ "KVTUFQFSGFDUPNFEJBOUFHPNB Ѽ .FEJBMBOB QPMZBDSZM

DSFBSVODMJNB³QUJNPQBSBUJ QPSRVFTPMPTJVOPTFTJFOUFCJFOQVFEFDPOEVDJSNFKPS OPTBDVEBNPT BSSBTUSFNPT [BSBOEFFNPTZHPMQFFNPTIBTUBMBTBDJFEBE

"DDFTPSJPTFYFOUPTEFORVFM $PSEVSB (03&5&9n953"'*5ӿ /PNFY 4DIPFMMFS1$.

4&03"4 5BNB±P "MUVSB 1FDIP $JOUVSB $BEFSB -BSHP-BUFSBM &VUSFQJFSOB 5BMMBFTU¡OEBS

/PSNBM ѭ ѭ ѭ ѭ