Scribd Logo
Upload

Welcome to Scribd!

  • Herbs & Gastrointestinal Pathogens Sarcomastigophora Study With Non Sided Sponsor

    Uploaded by

    Stefano Vecchi
    3 views8 pages

    Original Title

    Herbs & gastrointestinal pathogens Sarcomastigophora study with non sided sponsor

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views8 pages

    Herbs & Gastrointestinal Pathogens Sarcomastigophora Study With Non Sided Sponsor

    Uploaded by

    Stefano Vecchi

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    4 "TJBO1BD+5SPQ.

    FE 4VQQM
    44

    $POUFOUTMJTUTBWBJMBCMFBU4DJFODF%JSFDU

    "TJBO1BDJGJD+PVSOBMPG5SPQJDBM.FEJDJOF
    KPVSOBMIPNFQBHFXXXFMTFWJFSDPNMPDBUFBQKUN

    %PDVNFOUIFBEJOHEPJ4 
    9

    5 IF NPTU DPNNPO IFSCBM NFEJDJOFT BGGFDUJOH 4 BSDPNBTUJHPQIPSB


    CSBODIFTBSFWJFXTUVEZ
    
    .BINPVE #BINBOJ  ,PVSPTI 4BLJ  .BINPVE3BGJFJBO,PQBFJ  4FZFE "INBE ,BSBNBUJ ;PISF &GUFLIBSJ   .BIZBS
     
    +FMPEBSJ
    
    3B[J)FSCBM.FEJDJOFT3FTFBSDI$FOUFS -PSFTUBO6OJWFSTJUZPG.FEJDBM4DJFODFT ,IPSSBNBCBE *SBO
    
    4IBIJE#FIFTIUJ6OJWFSTJUZPG.FEJDBM4DJFODFT 5FISBO *SBO
    
    .FEJDBM1MBOUT3FTFBSDI$FOUFS 4IBISFLPSE6OJWFSTJUZPG.FEJDBM4DJFODFT 4IBISFLPSE *SBO
    
    %FQBSUNFOUPG.FEJDBM1BSBTJUPMPHZBOE.ZDPMPHZ 'BDVMUZPG.FEJDJOF 4IBIJE#FIFTIUJ6OJWFSTJUZPG.FEJDBM4DJFODFT 5FISBO *SBO
    
    *OTUJUVUFPG#JPNFEJDBM3FTFBSDI 1PTUEPDPG7FUFSJOBSZ.FEJDJOF 5FISBO6OJWFSTJUZ 5FISBO *SBO
    
    7FU(SBEVBUFE 5FISBO *SBO
    
    'BDVMUZPG7FUFSJOBSZ.FEJDJOF 6SNJB6OJWFSTJUZ 6SNJB *SBO
    
    'BDVMUZPG7FUFSJOBSZ.FEJDJOF 6OJWFSTJUZPG5FISBO 5FISBO *SBO

    " 3 5 * $ - &  * / ' 0 " # 4 5 3 " $ 5

    "SUJDMFIJTUPSZ 1BSBTJUJDEJTFBTFTDBVTFBOOVBMNPSUBMJUZPGNPSFUIBOUIPVTBOEQFPQMF$VSSFOUMZNBOZESVHT
    3FDFJWFE.BZ
    BSFVTFEUPUSFBUQBSBTJUJDEJTFBTFTIPXFWFS UIFZBSFNPTUMZFYQFOTJWF UPYJD XJUITJEFFGGFDUT
    3FDFJWFEJOSFWJTFEGPSN.BZ OESFWJTFE
    GPSN+VO SESFWJTFEGPSN+VO
    BOEESVHSFTJTUBODF.FEJDJOBMQMBOUTIBWFCFFOTIPXOUPSFQSFTFOUOBUVSBMTPVSDFPGDIFBQESVHT
    "DDFQUFE+VM XJUIMPXUPYJDJUZ *OUIJTSFWJFXBSUJDMF UIFNPTUDPNNPOBOENPTUFGGFDUJWFIFSCBMNFEJDJOFTPO
    "WBJMBCMFPOMJOF4FQ QBUIPHFOJDQSPUP[PBO 4BSDPNBTUJHPQIPSBCSBODIFTTVDIBT5SZQBOPTPNB -FJTINBOJB "NPFCB 
    5SJDIPNPOBTBOE(JBSEJBXFSFSFWJFXFE 5IFSFDFOUMZQVCMJTIFEQBQFSTBCPVUEJGGFSFOUESVHT
    ,FZXPSET BTXFMMBTIFSCBMNFEJDJOFTBTBMUFSOBUJWFGPSTZOUIFUJDESVHTXFSFTFBSDIFEVTJOHTDJFOUJGJD
    .FEJDJOBMQMBOUT
    TJUFTTVDIBT .FEMJOF  1VC.FEBOE (PPHMF 4DIPMBS 5IFVTFEUFSNTJODMVEFE .FEJDJOBMQMBOUT 
    )FSCBMNFEJDJOF
    IFSCBMNFEJDJOF QSPUP[PB 5SZQBOPTPNB  4BSDPNBTUJHPQIPSBCSBODIFT -FJTINBOJB "NPFCB 
    1SPUP[PB
    5SJDIPNPOBTPS(JBSEJB
    5SZQBOPTPNB
    4BSDPNBTUJHPQIPSBCSBODIFT
    -FJTINBOJB
    "NPFCB
    5SJDIPNPOBT (JBSEJB

    *OUSPEVDUJPO UIBO UIPVTBOEQFPQMF $VSSFOUMZNBOZESVHTVTFEUP


    USFBU QBSBTJUJD EJTFBTFT BSF FYQFOTJWF  UPYJD  XJUI TJEF
       0WFS  NJMMJPO QFPQMF BSF JOGFDUFE FBDI ZFBS EVF FGGFDUT BOE ESVH SFTJTUBODF )PXFWFS  NFEJDJOBM QMBOUT
    UP DPNQMJDBUJPOT PG QBSBTJUJD EJTFBTFT *OEJDBUPST TIPX BOE IFSCT IBWJOH FGGFDUJWF CJPBDUJWF NFUBCPMJUFT XJUI
    UIBU QBSBTJUJD EJTFBTFT DBVTF BOOVBM NPSUBMJUZ PG NPSF QIBSNBDPMPHJDBMFGGFDUTDBOXFMMSFQSFTFOUOBUVSBMTPVSDF
    PGDIFBQESVHTBOEBSFMFTTIBSNGVM*OUIJTSFWJFXBSUJDMF 
     $PSSFTQPOEJOHBVUIPS 1SPG . 3BGJFJBO,PQBFJ  )FBEPG .FEJDBM 1MBOUT 3FTFBSDI UIFNPTUDPNNPOBOENPTUFGGFDUJWFIFSCBMNFEJDJOFTPO
    $FOUFS 4IBISFLPSE6OJWFSTJUZPG.FEJDBM4DJFODFT 4IBISFLPSE *SBO QBUIPHFOJD QSPUP[PB 4BSDPNBTUJHPQIPSB CSBODIFT TVDI
    5FM 
    'BY BT 5SZQBOPTPNB  -FJTINBOJB  "NPFCB  5SJDIPNPOBT
    &NBJMSBGJFJBO!:BIPP$PN BOE(JBSEJBXFSFSFWJFXFE 1SPUP[PB 4BSDPNBTUJHPQIPSB
     'PVOEBUJPO 1SPKFDU 4VQQPSUFECZSFTFBSDIHSBOUGSPN %FQVUZGPS 3FTFBSDIBOE
    5FDIOPMPHZPG-PSFTUBO6OJWFSTJUZPG.FEJDBM4DJFODFT (SBOU/P
     CSBODIJTEJWJEFEJOUPUXPTVCDBUFHPSJFT 4BSDPEJOBBOE
    .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44
    4

    .BTUJHPQIPSB 4BSDPEJOB BNPFCB


    DPNQSJTFBMBSHFHSPVQ #BOHMBEFTI #SB[JM *OEJB /FQBM 4VEBOBOENPSFUIBO
    PGQSPUP[PB NPTUPGUIFJSMJWFTBSFGSFFMJWJOHTPNFBSF PGDVUBOFPVTMFJTINBOJBTJTBSFJO *SBO  /FQBM  4ZSJB  4BVEJ
    QBSBTJUJD BOE TPNF BSF CPUI QBSBTJUJD BOE GSFFMJWJOH "SBCJB  "GHIBOJTUBOBOE 1FSV<> $VUBOFPVTMFJTINBOJBTJT
    4PNF BNPFCB DBO CF QBUIPHFOJD UP NBO  BOE TPNF MJWF JTPOFPGUIFNPTUDPNNPOEJTFBTFTBNPOHIVNBOTBOE
    BTBDPNNFOTBMJOIVNBOTBOEBSFIBSNMFTTUPIVNBOT BOJNBMT JO NBOZ QBSUT PG UIF XPSME UIBU JT DBVTFE CZ
    4FWFSBMTQFDJFTPGBNPFCBIBWFCFFOJEFOUJGJFEBTIVNBO TFWFSBM TQFDJFT PG -FJTINBOJB BOE JT DPOTJEFSFE BT B
    QBSBTJUFTTVDIBT&OUBNPFCBIJTUPMZUJDB &IJTUPMZUJDB
     QVCMJDIFBMUIQSPCMFNJONPSFUIBODPVOUSJFT<>
    &OUBNPFCB EJTQBS  &OUBNPFCB NPTILPWTLJJ  &OUBNPFCB    7 JTDFSBM MFJTINBOJBTJT  BMTP LOPXO BT LBMBB[BS 
    IBSUNBOZ  &OUBNPFCB DPMJ  &OUBNPFCB HJOHJWBMJT  CMBDL GFWFS BOE EVNEVN GFWFS  JT UIF NPTU TFWFSF GPSN
    &OEPMJNBY OBOB BOE *PEBNPFCB CVUTDIMJ ' MBHFMMBUFT PG MFJTINBOJBTJT - FJTINBOJBTJT JT UIF TFDPOEMBSHFTU
    BSF QSPUP[PB XIJDI BSF DMBTTJGJFE VOEFS UIF DBUFHPSZ PG QBSBTJUJD LJMMFS JO UIF XPSME BGUFS NBMBSJB
     SFTQPOTJCMF
    .BTUJHPQIPSB 4PNFGMBHFMMBUFTBSFGSFFMJWJOHBOETPNF GPSBOFTUJNBUFE JOGFDUJPOTFBDIZFBSXPSMEXJEF
    BSF QBSBTJUJD JO WFSUFCSBUFT BOE JOWFSUFCSBUFT BOE NBZ 5IFQBSBTJUFNJHSBUFTUPUIFJOUFSOBMPSHBOTTVDIBTMJWFS 
    JNQPTFTFWFSFDPNQMJDBUJPOT "MNPTUBMMWFSUFCSBUFTTFSWF TQMFFO IFODF ‘WJTDFSBM’
     BOE CPOF NBSSPX  BOE  JG MFGU
    BTIPTUTPGJOUFTUJOBMGMBHFMMBUFT 5IFQBSBTJUJDGMBHFMMBUFT VOUSFBUFE XJMMBMXBZTSFTVMUJOUIFEFBUIPGUIFIPTU 4JHOT
    JO CMPPE BOE UJTTVF PG IVNBOT BOE PUIFS NBNNBMT DBO BOETZNQUPNTJODMVEFGFWFS XFJHIUMPTT NVDPTBMVMDFST 
    CFMPOH UP 5 SZQBOPTPNBUJEB BOE HFOVT PG -FJTINBOJB GBUJHVF BOFNJB BOETVCTUBOUJBMTXFMMJOHPGUIFMJWFSBOE
    BOE 5SZQBOPTPNB <>  " DDPSEJOH UP UIF 8 PSME ) FBMUI TQMFFO 0G QBSUJDVMBS DPODFSO  BDDPSEJOH UP UIF 8)0  JT
    0SHBOJ[BUJPO 8)0
     CJMMJPOQFPQMFBSFBOVBMMZJOGFDUFE UIFFNFSHJOHQSPCMFNPG )*7WJTDFSBMMFJTINBOJBTJTDP
    XJUI QBSBTJUFT  GSPN UIFN   NJMMJPO POFT HFU TFWFSF JOGFDUJPO<>
    NPCJEJUZ<> .PSFUIBO UIPVTBOEEFBUITBOOVBMMZEVF
    UPQBSBTJUJDJOGFDUJPOIBWFCFFOSFQPSUFE<> *OUIJTSFWJFX  $IFNJDBMBOEIFSCBMBOUJMFJTINBOJBTJTESVHT
    XFUSJFEUPJOUSPEVDFUIFDPNNPOIFSCBMNFEJDJOFTBOE
    DIFNJDBMTBGGFDUJOHQBUIPHFOJDQSPUP[PBDBUFHPSZJODMVEJOH    5 IF USBEJUJPOBM USFBUNFOU PG MFJTINBOJBTJT JT XJUI
    4BSDPNBTUJHPQIPSB  5SZQBOPTPNB  -FJTINBOJB  "NPFCB  QFOUBWBMFOU BOUJNPOJBMT TVDI BT TPEJVN TUJCPHMVDPOBUF
    5SJDIPNPOBTBOE(JBSEJB BOENFHMVNJOFBOUJNPOJBUF 3FTJTUBODFJTOPXDPNNPO
    JO * OEJB  BOE SBUFT PG SFTJTUBODF IBWF CFFO TIPXO
    UP CF BT IJHI BT    JO QBSUT PG # JIBS  * OEJB 5 IFTF
    "OUJTBSDPNBTUJHPQIPSBCSBODIFT 5SZQBOPTPNB  NFEJDBUJPOT BSF BOUJNPOBUFT CVU  MPOHUFSN JOKFDUJPOT
    -FJTINBOJB "NPFCB 5SJDIPNPOBTBOE(JBSEJB
    UP    E GPS UIF WBSJBCMF FGGJDBDZ BHBJOTU WJTDFSBM
    MFJTINBOJBTJT  TLJO BQQFBSBODF  BOE SFTJTUBODF BHBJOTU
    -FJTINBOJBBOEMFJTINBOJBTJT JU  MJNJU UIFJS DPOTVNQUJPO 0 UIFS NFEJDBUJPOT VTFE UP
    USFBU MFJTINBOJBTJT JODMVEF QFOUBNJEJOF  NJMUFGPTJOF 
    -FJTINBOJBJTBHFOVTPGUSZQBOPTPNBUJEQSPUP[PBBOEJT BNQIPUFSJDJO #  BOE TP PO " NQIPUFSJDJO #  JT B QPMMJO
    UIFQBSBTJUFSFTQPOTJCMFGPSUIFEJTFBTFMFJTINBOJBTJT *UJT BOUJCJPUJD GPS UIF USFBUNFOU PG BOUJCJPUJD SFTJTUBODF
    TQSFBEUISPVHITBOEGMJFTPGUIFHFOVT1IMFCPUPNVTJOUIF 5IJT ESVH IBT B HPPE FGGFDU PO -FJTINBOJB EPOPWBOJ -
    PMEXPSME BOEPGUIFHFOVT-VU[PNZJBJOUIFOFXXPSME"U EPOPWBOJ
     WJTDFSBM MFJTINBOJBTJT
     CVU UIF MJNJUBUJPOT
    MFBTUTBOEGMZTQFDJFTBSFQSPWFOPSQSPCBCMF-FJTINBOJB BSF JUT UPYJDJUZ BOE PUIFS SFTUSJDUJPOT UIBU SFRVJSF TMPX
    WFDUPST XPSMEXJEF 5IFJS QSJNBSZ IPTUT BSF WFSUFCSBUFT JOUSBWFOPVTJOGVTJPOPWFSGPVSIPVST 6TFPGQFOUBNJEJOF
    -FJTINBOJB DPNNPOMZ JOGFDUT IZSBYFT  DBOJET  SPEFOUT  JTDPNNPOCFDBVTFJUTUPYJDJUZJTMPX 5IFNPTUJNQPSUBOU
    BOEIVNBOT -FJTINBOJBTJTPSMFJTINBOJPTJTJTBEJTFBTF BDIJFWFNFOU PG FGGFDUJWF PSBM USFBUNFOU GPS WJTDFSBM
    DBVTFE CZ QSPUP[PBO QBSBTJUFT PG UIF HFOVT -FJTINBOJB MFJTINBOJBTJT JT USFBUNFOU XJUI NJMUFGPTJOF XIJDI JT
    BOETQSFBECZUIFCJUFPGDFSUBJOUZQFTPGTBOEGMJFT 5IF DIFNJDBMMZBEFSJWBUJWFPGBMLZMQIPTQIPDIPMJOFDPNQPVOET
    EJTFBTF DBO QSFTFOU JO UISFF NBJO XBZT BT DVUBOFPVT UIBUPSJHJOBMMZEFWFMPQFEBTBOBOUJDBODFSESVHJOUIFMBUF
    MFJTINBOJBTJT NVDPDVUBOFPVTMFJTINBOJBTJTBOEWJTDFSBM T<> "GUFS SFWFBM PG JUT BOUJMFJTINBOJBTJT FGGFDU  UIF
    MFJTINBOJBTJT<> 8)0IBTMJTUFEMFJTINBOJBTJTJOSPXTPG ESVHCFDBNFUIFGJSTU BOETUJMMUIFPOMZQSFTDSJCFE
    PSBM
    TJYNBKPSQBSBTJUJDEJTFBTFTJOUSPQJDBMBSFBTPGUIFXPSME ESVHJOUIFUSFBUNFOUPGMFJTINBOJBTJT<> 5IFNFDIBOJTN
    5IFTF EJTFBTFT  JODMVEJOH [PPOPUJD EJTFBTF BSF FOEFNJD PGUSFBUNFOUPGMFJTINBOJBTJTXJUINJMUFGPTJOFJTUIBUUIF
    JO DPVOUSJFTBOEFYJTUJOGPVSDPOUJOFOUT "GUFSNBMBSJB ESVH JNQBJST NFUBCPMJTN PG BMLZMMJOLFE QIPTQIPMJQJE
    MFJTINBOJBTJTJTDPOTJEFSFEBTUIFNPTUJNQPSUBOUUSPQJDBM BOE HMZDPMJQJE BOE HMZDPQSPUFJO CJPTZOUIFTJT<> 4UVEJFT
    EJTFBTF "CPVU NJMMJPOQFPQMFBSFDVSSFOUMZJOGFDUFEJO IBWFTIPXOUIBUNJMUFGPTJOFDBVTFDFMMEFBUIJOBMMGPSNT
    TPNF DPVOUSJFT *UJTFTUJNBUFEUIBU NJMMJPOQFPQMF PG MFJTINBOJBTJT #BSBEBSBO FU BM TVHHFTUFE BHBJOTU -
    MJWFJOBSFBTXJUIUIFSJTLPGEJTFBTF*UIBTCFFOTIPXOUIBU EPOPWBOJ CZ USFBUNFOU XJUI B DPNCJOBUJPO PG TFWFSBM
    QBUJFOUTEJFGSPN DBTFTPGWJTDFSBMMFJTINBOJBTJT UFDIOJRVFT UIBU JODMVEF QSPQJEJVN JPEJEF TUBJOJOH BOE
    . PSF UIBO    DBTFT PG WJTDFSBM MFJTINBOJBTJT BSF JO %/"GSBHNFOUBUJPOBTTBZ<> *OBOPUIFSTUVEZ  "NJOJFUBM
    4 .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44

    TUVEJFEUIFFGGFDUPGNJMUFGPTJOFPO-EPOPWBOJ -%"T
     XIJDIDBOTIPXTJHOTPGTFWFSFBOEGBUBMDPOEJUJPO< >
    XIJDICFDBNFBSTFOBUFSFTJTUBOUQSPNBTUJHPUFT<> 5IFJS
    TUVEJFTIBWFTIPXOUIBUNJMUFGPTJOFJOEVDFTQSPHSBNNFE $IFNJDBMBOEIFSCBMBOUJBNPFCJBTJTESVHT
    DFMMEFBUIJO-%"TJOBUJNFEFQFOEFOUNBOOFSCZDFMM
    TISJOLBHFTFSJOFBOEQIPTQIBUJEZMDIPMJOFEBUBUSBOTGFSJT  %FWFMPQNFOUPGBOUJBNPFCJBTJTOFXESVHTBOEWBDDJOFT
    EFUFSNJOFECZ %/"GSBHNFOUBUJPO .JMUFGPTJOFUSFBUNFOU JTTUJMMJOJUTFBSMZTUBHFTBOEUIFESFBNTFFNTGBSBXBZ
    MFBET UP MPTT PG NJUPDIPOESJBM NFNCSBOF QPUFOUJBM BOE 'VUVSFEFWFMPQNFOUPGSFTJTUBODFUPESVHTNBZTFSJPVTMZ
    SFMFBTF PG DZUPDISPNF $ XJUI TVCTFRVFOU BDUJWBUJPO PG BGGFDUUIFBNPFCJBTJTDPOUSPM< > .FUSPOJEB[PMFUIFESVH
    DFMMVMBS QSPUFBTFT 4P UIJT TUVEZ TIPXFE UIF EFBUI PG- PGDIPJDFBOEPUIFSDPNQPVOETEFSJWFEGSPNOJUSPJNJEB[PMF
    EPOPWBOJ  SFTJTUBOU UP BSTFOBUF  CZ NJMUFGPTJOF #FDBVTF MJLF UJOJEB[PMF  TFDOJEB[PMF BOE PSOJEB[PMF BSF FRVBMMZ
    JO SFDFOU ZFBST NJMUFGPTJOF JT VTFE JO DMJOJDBM USJBMT BT FGGFDUJWF % JMPYBOJEF GVSPBUF  EJJPEPIZESPYZRVJOPMJOF 
    BO BOUJ-FJTINBOJB UIFSBQZ  UP CFUUFS VOEFSTUBOE UIF QBSPNPNZDJO  FNFUJOF BOE DIMPSPRVJOF BT XFMM BT
    NFDIBOJTNT SFHVMBUJOH DFMM EFBUI GPS UIF EFTJHO PGOFX BMUFSOBUJWFNFEJDJOFTBSFVTFE .FUSPOJEB[PMF UJOJEB[PMF
    UIFSBQFVUJDTUSBUFHJFTBHBJOTU-FJTINBOJB 5PEBZ TFWFSBM BOE PUIFS   / JUSPNJEB[PMF UIBU LJMM UIF USPQIP[PJUF
    GBDUPST TVDI BT ESVH UPYJDJUZ  NFUIPE PG BENJOJTUSBUJPO  XJUI DIBOHFT JO PSHBOFMMFT PG BNPFCB QSPUPQMBTN  BSF
    DPTUPGESVHBOEESVHSFTJTUBODFJO-FJTINBOJBTQQIBWF JOFGGFDUJWF JO USFBUJOH UIF DZTU 1 MBOUBOUJQBSBTJUJD
    DBVTFETPNFMJNJUBUJPOTUPUSFBUMFJTINBOJBTJT )FODF UIF QPTTFTTJOHDIMPSPBMLZMNBZBDUCZJOIJCJUJOH%/"TZOUIFTJT
    QSFQBSBUJPOPGOFXFGGFDUJWFESVHTXJUIMPXTJEFFGGFDUTBOE % FIZESPFNFUJOF  FNFUJOF BOE NFUSPOJEB[PMF BGGFDU PO
    UPYJDJUZ  BOE BGGPSEBCMF QSJDF JT OFFEFE 5IF USBEJUJPOBM BNPFCBJOJOUFTUJOBMMVNFOXBMMCVUOPUJOUIFJOUFTUJOBM
    NFEJDJOBM QMBOUT IBWF CFFO TIPXO UP CF FGGFDUJWF BOE MVNFO
    JOFYQFOTJWF BOEBSFDVSSFOUMZVTFEGPSUIFUSFBUNFOUPG  %JMPYBOJEFGVSPBUF JPEPRVJOPMBOEQBSPNPNZDJOBGGFDU
    WBSJPVTJOGFDUJPVTEJTFBTFTTVDIBTWJSBM<> CBDUFSJBMBOE POBNPFCBJOUIFJOUFTUJOBMMVNFO 5FUSBDZDMJOFJOIJCJUT
    QBSBTJUJDJOGFDUJPOTDPNQMJDBUJPOT<> BTXFMMBTOPO CBDUFSJBMHSPXUIJOUIFJOUFTUJOBMXBMMBOEMVNFO &GGFDU
    JOGFDUJPVT EJTFBTFT TVDI BT DBODFS < >  EJBCFUFT < >  PGNFUSPOJEB[PMFPOUIFJOUFTUJOBMXBMMBOEUIFMVNFOPG
    BUIFSPTDMFSPTJT < >  DBSEJPWBTDVMBS BOE " M[IFJNFS UIFBGGFDUFEJOEJWJEVBMIBTB GBJMVSFSBUFCFDBVTFJU
    EFTFBTFT BOE DPNQMJDBUJPOT <>  * O DPNQBSJTPO UP OFFETUPTUSFOHUIFOJUTBDUJPOUPBMVNJOBMBNFCJBTJT< >
    TZOUIFUJDESVHT UIFIFSCBMNFEJDJOFTVTVBMMZIBWFMFTT 1SFWFOUJPOJTFTTFOUJBMBOEJODMVEFTIBOEXBTIJOH QSPQFS
    UPYJDPSTJEFFGGFDUT< > GPPEIBOEMJOHBOECPJMJOHXBUFSXIJDIBSFRVFTUJPOBCMF
     /BTSJBOEIJTDPMMFBHVFTGPDVTFEPOOBUVSBMQSPEVDUT UP  °$ *OWFTUJHBUJPOTPOUIFFGGFDUTPGWBSJPVTQMBOUTJO
    XJUIBDUJWJUZBHBJOTU-FJTINBOJB<> $PNQPVOETJTPMBUFE "GSJDBIBWFTIPXOUIBUJOHFTUJPOPGGSFTIQBQBZBTFFETDBO
    GSPNQMBOUTBOENJDSPPSHBOJTNTIBWFTVJUBCMFDIFNJDBM IFMQQSFWFOUBNPFCJBTJT 5XPUBCMFTQPPOTPGGSFTIQBQBZB
    HSPVQTTVDIBTBMLBMPJET GMBWPOPJET UFSQFOFT TUFSPJET  TFFETUXJDFBXFFLNBZIFMQSFEVDFUIFJODJEFODF<>
    MBDUPOFT RVJOJOFBOEMJHOBOTXIJDIIBWFQPTJUJWFFGGFDUT 3FWJFXPGQMBOUTQFDJFTBTTFTTFEJOWJUSPGPSBOUJCBDUFSJBM
    POUIFQBSBTJUFT .PSFSFDFOUTUVEJFTIBWFFNQIBTJ[FEPO BDUJWJUZBHBJOTU1MBTNPEJVNPSBNPFCJBTJTIBTBMTPCFFO
    UIFFWBMVBUJPOPGNFEJDJOBMQMBOUTVTFEGPSUIFEJTDPWFSZPG QVCMJTIFE<> $IFNJDBMMZDPOUSPMPGXPSNTXJUIBEWBODFE
    TBGFBOEFGGFDUJWFESVHT<> NBOBHFNFOU JT BO JNQPSUBOU DPOUSPM TUSBUFHZ BSPVOE
    UIF XPSME *ODSFBTFE SFTJTUBODF UP UIF ESVH JT B TFSJPVT
    "NPFCBBOEBNPFCJBTJT QSPCMFNMFBEJOHUPUIFTFBSDIGPSNFEJDJOBMQMBOUTXJUI
    BOUJNJDSPCJBM BDUJWJUZ<> 4FWFSBM IFSCT GSPN USBEJUJPOBM
       " NPFCJBTJT PS BNFCJBTJT  SFGFS UP JOGFDUJPO DBVTFE NFEJDJOFTBSFVTFEBTBMUFSOBUJWFGPSDPOUSPMPGJOUFTUJOBM
    CZ UIF BNPFCB & IJTUPMZUJDB *OWBTJPO PG UIF JOUFTUJOBM XPSNT 4PNFDPNNPOQMBOUTBSFVTFECZEJGGFSFOUDVMUVSFT
    MJOJOH DBVTFT BNPFCJD EZTFOUFSZ PS BNPFCJD DPMJUJT<> GPSUIFDPOUSPMBOEFMJNJOBUJPOPGJOUFTUJOBMXPSNTJODMVEF
    * U JT FTUJNBUFE UIBU BCPVU   NJMMJPO JOGFDUFE XJUI & DBTUPS CMBDLXBMOVU XPSNXPPE "SUFNJTJBWVMHBSJT DMPWFT 
    IJTUPMZUJDB BOE BSPVOE    UP    EFBUIT PDDVS DIBNPNJMFBOEIFSCBMCMBDLTFFE BOE%SZPQUFSJTGJMJY
    BOOVBMMZXPSMEXJEF TPJUJTDPOTJEFSFEBTPOFPGUIFNPTU NBT - "MUIPVHIUIFTFQMBOUTIBWFBOUIFMNJOUJDFGGFDUT 
    JNQPSUBOU IVNBO QBUIPHFOJD QSPUP[PB<> "NPFCJBTJT UIFZTIPVMEOPUCFVTFEXJUIPVUDPSSFDUEPTBHFGPSIVNBOT 
    DBODBVTFNPSFUIBO UIPVTBOEEFBUITQFSZFBS XIJDI CFDBVTFUIFZBSFUPYJDBOEEBOHFSPVT<>
    JTSFHBSEFEBTBGBUBMQBSBTJUJDEJTFBTFBGUFSNBMBSJBBOE
    TDIJTUPTPNBTJT<> 5IFBNPFCBJOGFDUJPOJTBTZNQUPNBUJD 5SZQBOPTPNBBOEUSZQBOPTPNJBTJT
    JOPGDBTFT<>*OGBOUTXIPBSFOPUCSFBTUGFFE QSFHOBOU
    XPNFO DIJMESFOXJUIQPPSOVUSJUJPO OVSTJOHBOENFOUBM    5SZQBOPTPNB JT B HFOVT PG LJOFUPQMBTUJET BOE DMBTT
    SFUBSEBUJPO BT XFMM BT QFPQMF XJUI JNNVOPEFGJDJFODZ ,JOFUPQMBTUJEBXIJDIJTBNPOPQIZMFUJDHSPVQPGVOJDFMMVMBS
    DPOEJUJPOTBSFIJHISJTLHSPVQTPGBNPFCB&IJTUPMZUJDB QBSBTJUJD GMBHFMMBUF QSPUP[PB 5IF OBNF JT EFSJWFE GSPN
    JOGFDUJPO<>&IJTUPMZUJDBJOWBEFTUIFDPMPO CVUJOTPNF UIF ( SFFL USZQBOP CPSFS
     BOE TPNB CPEZ
     CFDBVTF PG
    DBTFTCFZPOEUIFJOUFTUJOFBOEUIFMJWFS MVOHBOECSBJO UIFJS DPSLTDSFXMJLF NPUJPO " MM USZQBOPTPNFT BSF
    .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44
    4

    IFUFSPYFOPVT SFRVJSJOH NPSF UIBO POF PCMJHBUPSZ IPTU USZQBOPUIJPOFSFEVDUBTFBOEJOIJCJUUSZQBOPUIJPOFMFWFM<>


    UP DPNQMFUF MJGF DZDMF BOE NPTU BSF USBOTNJUUFE WJB B &GMPSOJUIJOFJTESVHPGDIPJDFGPSUIFUSFBUNFOUPGMBUFTUBHFPG
    WFDUPS 5IFNBKPSJUZPGTQFDJFTBSFUSBOTNJUUFECZCMPPE TMFFQJOHTJDLOFTTDBVTFECZ5SZQBOPTPNBCSVDFJHBNCJFOTF
    GFFEJOHJOWFSUFCSBUFT CVUUIFSFBSFEJGGFSFOUNFDIBOJTNT CVU JU JT OPU SFDPNNFOEFE BHBJOTU 5SZQBOPTPNB CSVDFJ
    BNPOHUIFWBSZJOHTQFDJFT *OBOJOWFSUFCSBUFIPTUUIFZ SIPEFTJFOTF *UJOIJCJUTUIFCJPTZOUIFTJTPGQPMZBNJOFTCZ
    BSFHFOFSBMMZGPVOEJOUIFJOUFTUJOF CVUOPSNBMMZPDDVQZ FGMPSOJUIJOFSBOHFPGEPXOTUSFBNCJPDIFNJDBMFGGFDUTUIBU
    UIF CMPPETUSFBN PS BO JOUSBDFMMVMBS FOWJSPONFOU JO UIF XPVMEDBVTFUSZQBOPDJEBMBDUJWJUZXBTBGGFDUFE<>
    NBNNBMJBOIPTU 5SZQBOPTPNFTJOGFDUBWBSJFUZPGIPTUT  /JGVSUJNPYIBTCFFOSFDPSEFEBTBOPUIFSESVHUPUSFBU
    BOE DBVTF WBSJPVT EJTFBTFT  JODMVEJOH UIF GBUBM IVNBO TMFFQJOHTJDLOFTT /JGVSUJNPYPGUFOIBTTJEFFGGFDUT BOE
    EJTFBTFT TMFFQJOHTJDLOFTT DBVTFECZ5SZQBOPTPNBCSVDFJ  POMZ PGQBUJFOUTBSFBCMFUPDPNQMFUFBGVMMDPVSTFPG
    BOE $IBHBT EJTFBTF  DBVTFE CZ 5SZQBOPTPNB DSV[J 5IF UIFJSUSFBUNFOU CVUUIFUSFBUNFOUPGMBUFTUBHFPGTMFFQJOH
    NJUPDIPOESJBMHFOPNFPGUIF5SZQBOPTPNB BTXFMMBTPG TJDLOFTTJOXIJDIFGMPSOJUIJOFBOENFMBSTPQSPMBSFVTFE
    PUIFSLJOFUPQMBTUJETLOPXOBTUIFLJOFUPQMBTU JTNBEFVQPG JT VTVBMMZ JOFGGFDUJWF<> %SVHT VTFE UP USFBU "NFSJDBOT
    BIJHIMZDPNQMFYTFSJFTPGDBUFOBUFEDJSDMFTBOENJOJDJSDMFT TMFFQ EJTPSEFST BSF OJGVSUJNPY BOE CFO[JNJEB[PMF <>
    BOESFRVJSFTBDPIPSUPGQSPUFJOTGPSPSHBOJTBUJPOEVSJOH #FDBVTFNBOZESVHTOPXBWBJMBCMFUPUSFBU"GSJDBOTMFFQJOH
    DFMMEJWJTJPO< > TJDLOFTT BSF UPYJD  SFTFBSDIFST BSPVOE UIF XPSME USZ UP
    EJTDPWFSOFXNPMFDVMFTXIJDIBSFTBGFBOEDPTUFGGFDUJWF
    $IFNJDBMBOEIFSCBMBOUJUSZQBOPTPNJBTJTESVHT GSPNUIFNFEJDJOBMIFSCT 6OUJMNJE   4QPMPEB#PV[B
    BOE $BTTFMT FYBNJOFE QMBOU NFUBCPMJUFT BDUJWF BHBJOTU
     5IFESVHTDVSSFOUMZVTFEUPUSFBUTMFFQTJDLOFTT JODMVEF 5SZQBOPTPNB DSV[J <> 'PVSOFU FU BM JO   DPMMFDUFE
    TVSBNJO  QFOUBNJEJOF  NFMBSTPQSPM  FGMPSOJUIJOF  BOE QMBOUTGSPN #PMJWJBXJUIUSZQBOPDJEBMBDUJWJUJFT <> *O
    OJGVSUJNPY<> 4VSBNJOXBTJOUSPEVDFEJOUIFFBSMZ T BOPUIFS TUVEZ  3PKBT EF "SJBT FU BM TUVEJFE UIF QMBOUT
    BTUIFESVHPGDIPJDFGPSUSFBUJOHFBSMZQIBTFPGJOGFDUJPO XJUINPEFSBUFUPIJHIBDUJWJUZJOWJUSPBOEJOWJWPBHBJOTU
    XJUI5SZQBOPTPNBCSVDFJSIPEFTJFOTF<> "ESVHGSPN #BZFS 5SZQBOPTPNZBTQFDJFT TMFFQJOHTJDLOFTT
    <>
    JO  CZ 0TDBS %STM BOE 3JDIBSE $PUF XBT DSFBUFE<> 
    XIJDIXBTVOEFSJOWFTUJHBUJPOGPSUIFUSFBUNFOUPGQSPTUBUF (JBSEJBBOEHJBSEJBTJT
    DBODFS4VSBNJOJTVTFEGPSUIFUSFBUNFOUPGIVNBO"GSJDBO
    USZQBOPTPNBTJTJOGJSTUTUBHFPGJOGFDUJPOXIFOQBSBTJUFT (JBSEJBTJT QPQVMBSMZLOPXOBTCFBWFSGFWFS
    JTB[PPOPUJD
    BSF MBSHFMZ GPVOE JO UIF CMPPE  CVU XIFO UIF QBSBTJUFT QBSBTJUJDEJTFBTFDBVTFECZUIFGMBHFMMBUFQSPUP[PBO(JBSEJB
    JOWBEFUIFDFOUSBMOFSWPVTTZTUFNJUJTJOFGGFDUJWFEVFUP MBNCMJB BMTP TPNFUJNFT DBMMFE (JBSEJB JOUFTUJOBMJT BOE
    UIFJOBCJMJUZPGTVSBNJOJODSPTTJOHUIFCMPPECSBJOCBSSJFS (JBSEJB EVPEFOBMJT
     5IF (JBSEJB PSHBOJTN JOIBCJUT UIF
    BOECMPPEDFSFCSPTQJOBMGMVJECBSSJFSUPBDIJFWFBEFRVBUF EJHFTUJWFUSBDUPGBXJEFWBSJFUZPGEPNFTUJDBOEXJMEBOJNBM
    MFWFMT PG DPODFOUSBUJPO JO UIF UJTTVF UBSHFU<> )PXFWFS  TQFDJFT BTXFMMBTIVNBOTBOEBOEDPNQFUFXJUIUIFIPTU
    UIFSFJTFWJEFODFUIBUTVSBNJODBOSFBDIDFSUBJOQBSUTPG JOGPPEBCTPSCUJPO<> *OGFDUJPOXJUIUIJTQBSBTJUFIBT
    UIFDFOUSBMOFSWPVTTZTUFN 4PUIBUUIFDFSFCSBMDPSUFYPG CFFOSFQPSUFEJOBMMQBSUTPGUIFXPSMEBOEUIFJOGFDUJPOSBUF
    NJDF JOGFDUFE XJUI 5SZQBOPTPNB CSVDFJ SIPEFTJFOTF XBT JT UP <> *UJTUIFNPTUDPNNPOQBUIPHFOJDQBSBTJUJD
    TVDDFTTGVMMZUSFBUFE<> JOGFDUJPOJOIVNBOTXPSMEXJEF *O  UIFSFXFSFBCPVU
     #ZSFDFQUPSNFEJBUFEFOEPDZUPTJT TVSBNJOJTUIPVHIU NJMMJPOQFPQMFXPSMEXJEFXJUITZNQUPNBUJDHJBSEJBTJT
    UP CF BO BOUJQBSBTJUF ESVH XIJDI BDUT TMPXMZ  QPTTJCMZ
    CFDBVTF MPX EFOTJUZ MJQPQSPUFJO FOEPDZUPTJT PG IPTU JT $IFNJDBMBOEIFSCBMBOUJHJBSEJBTJTESVHT
    DPOOFDUFE *OBEEJUJPO  &M "M %JSFDFQUPSTBSFFYQSFTTFE
    BUUIFCMPPECSBJOCBSSJFSBOEJUJTCFMJFWFEUPCFJOWPMWFE 5SFBUNFOUJTOPUBMXBZTOFDFTTBSZBTUIFJOGFDUJPOVTVBMMZ
    JO UIF USBOTJU PG MPX EFOTJUZ MJQPQSPUFJO UP UIF CSBJO<> SFTPMWFT PO JUT PXO )PXFWFS  JG UIF JMMOFTT JT BDVUF PS
    4 VSBNJO DPBENJOJTUSBUJPO XJUI ESVHT UIBU BSF BDUJWF TZNQUPNTQFSTJTUBOENFEJDBUJPOTBSFOFFEFEUPUSFBUJU 
    BHBJOTUUIFQBSBTJUFJOUIFDFOUSBMOFSWPVTTZTUFN TVDI NFEJDBUJPOTTVDIBTNFUSPOJEB[PMF UJOJEB[PMF TFDOJEB[PMF
    BTNFMBSTPQSPM FGMPSOJUIJOFBOEOJGVSUJNPYTIPXTJHOTPG PS PSOJEB[PMF BSF VTFE<> 5IF NFDIBOJTN PG LJMMJOH PG
    JNQSPWFNFOUJOUIFSBUFPGUSFBUNFOU<> (JBSEJB CZ NFUSPOJEB[PMF IBT CFFO TUVEJFE NPSF GVMMZ
    1FOUBNJEJOFXBTGJSTUJOUSPEVDFEJO5IJTNFEJDBUJPO .FUSPOJEB[PMF IBT BO BOBFSPCJD NFUBCPMJD QBUIXBZT JO
    JT POMZ VTFE BT B TFDPOEEFHSFF ESVH BOE JUT VTBHF JT (JBSEJB<> 5IFESVHFOUFSTUIFUSPQIP[PJUFBOEEFTUSVDU
    DPOUSBJOEJDBUFE EVSJOH UIF USFBUNFOU XJUI TVSBNJO<> JUTHSPXUI<> 5IFESVHJTBDUJWBUFECZSFEVDJOHUIFOJUSP
    . FMBSTPQSPM XBT JOUSPEVDFE JO   GPS UIF USFBUNFOU HSPVQ<> 4MPQFBHSFFTXJUIUIFJOUSBDFMMVMBSUSBOTQPSUPG
    PG TMFFQ EJTPSEFST JO JUT MBTU TUBHFT  CVU DBVTFE TFSJPVT NFUSPOJEB[PMF BOE JT TQSFBE CZ UIF SFEVDUJPO SFBDUJPO
    TJEF FGGFDUT TVDI BT SFBDUJWF FODFQIBMPQBUIZ JO    UP .FUSPOJEB[PMFSFEVDUJPOBTBUFSNJOBMFMFDUSPOBDDFQUPS
       PG DBTFT * U BMTP DBVTFT WPNJUJOH  BCEPNJOBM QBJO CJOETDPWBMFOUMZUP %/"NBDSPNPMFDVMFT<> 5IJTMFBETUP
    BOE QFSJQIFSBM OFVSPQBUIZ . FMBSTPQSPM DBO SFEVDF %/"EBNBHF UIFMPTTPGIFMJDBMTUSVDUVSF JNQBJSFEUFNQMBUF
    4 .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44

    GVODUJPO BOE TUSBOE CSFBLBHF BOE TVCTFRVFOU EFBUI PG DBODBVTFQSPTUBUJUJTJONFOBTXFMM 5IFJODVCBUJPOQFSJPE
    USPQIP[PJUFBQQFBST *OBEEJUJPOUPUIJTXPSL NFUSPOJEB[PMF PGUIFEJTFBTFJTUPE7VMWBBOEWBHJOBJUDIZBOEWBHJOBM
    JOIJCJUTUIFSFTQJSBUJPOPGUSPQIP[PJUF<> EJTDIBSHFBSFVTVBMMZBDVUFBOEIBQQFOEVSJOHNFOTUSVBUJPO
     .FUSPOJEB[PMFSFEVDUJPOBDUJWJUJFTNBZBMTPMFBEUPUPYJD PSTIPSUMZBGUFSJU<> "TTUBUFE JO PGXFNFOJOGFDUFE
    SBEJDBMTUIBUSFBDUXJUIDFMMVMBSDPNQPOFOUT<> 8JUIJOUIF XJUIUIFQSPUP[PBJOUIFDFSWJDBMSFHJPO EBNBHFJTDBVTFECZ
    DZTUBOEUSPQIP[PJUF OJUSPJNJEB[PMFNBZCFMFTTBGGFDUFE  JOGFDUJPOXJUIBWJSVTUIBUDBODBVTFDBODFS<>
    QSPCBCMZEVFUPQPPSQFOFUSBUJPOPGUIFESVHUISPVHIUIF
    DZTUXBMM<> 3FTJTUBODFUPNFUSPOJEB[PMFXBTUFTUFEJOWJUSP $IFNJDBMBOEIFSCBMBOUJUSJDIPNPOJBTJT
    5IF BDUJWJUZ PG QBSBTJUF QZSVWBUF SFEVDUJPO JT SFMBUFE UP
    UIFSFEVDUJPOPGOJUSPJNJEB[PMFGFSSFEPYJOPYJEPSFEVDUBTF    5 IF FGGFDU PG TUBOEBSE DIFNPUIFSBQZ DPOTJTUJOH PG
    JT SFRVJSFE GPS BDUJWJUZ<> .FUSPOJEB[PMF JT SBQJEMZ BOE OJUSPJNJEB[PMFMJLFUIBUPGNFUSPOJEB[PMFBOEUJOJEB[PMF
    DPNQMFUFMZBCTPSCFEBGUFSPSBMBENJOJTUSBUJPOBOEQFOFUSBUFT #FDBVTFTPNFTUSBJOTBSFSFTJTUBOUUPESVHTPG5SJDIPNPOBT 
    UIF CPEZ’T UJTTVFT BOE TBMJWB  CSFBTU NJML  TFNFO BOE OFXESVHTBSFOFFEFE /BUVSBMQSPEVDUTMJLFBMUFSOBUJWF
    WBHJOBMTFDSFUJPOTTFFQ 5IFESVHJTNFUBCPMJ[FEQSJNBSJMZ BMLBMPJET CFSCFSJOF
    EJCFO[PGVSBO BOUISBRVJOPOFTBOE
    JOUIFMJWFSBOEJTFYDSFUFEUISPVHIUIFVSJOF<> *O  B QPMZBDFUZMFOFT  TBQPOJOT BOE EJUFSQFOPJE IBWF CFFO
    MBCPSBUPSZFYQFSJNFOUXBTDPOEVDUFEUPEFUFSNJOFUIFESVH UFTUFE<> /PXBEBZT FYQFSJNFOUBMSFTFBSDIFTPOQBSBTJUJD
    TFOTJUJWJUZPGUIFOJUSPJNJEB[PMF *O CZNJDSPTDPQJD EJTFBTFT IBWF JODSFBTFE  XIJDI BSF OFDFTTBSZ CFDBVTF
    FWBMVBUJPOPGNPSQIPMPHZBOENPUJMJUZPG(JBSEJBMBNCMJB JU QBSBTJUJDEJTFBTFTBOEUSFBUNFOUXJUIOBUVSBMSFNFEJFTBSF
    XBTTIPXOUIBUNFUSPOJEB[PMFBOEUJOJEB[PMFBSFFGGFDUJWF<> WFSZJNQPSUBOU<>
    4VCTFRVFOUMZ UIFNPSQIPMPHZ HSPXUIJOIJCJUJPO UIZNJEJOF    * O UIJT TUVEZ  XF USJFE UP DPMMFDU JOGPSNBUJPO BCPVU
    JODPSQPSBUJPO  MFUIBM DPODFOUSBUJPO  WJUBM EZF FYDMVTJPO  IFSCBMSFNFEJFTBGGFDUJOHOPSNBMBOEQBUIPHFOJDQSPUP[PB
    JOIJCJUJPO PG BEIFSFODF  ESVH NFUBCPMJTN BOE SFTQPOTF DBUFHPSZ 4BSDPNBTUJHPQIPSBBOEUIFTFJOGPSNBUJPODBOCF
    BTTFTTNFOU UP NFBTVSF UIF FGGFDU PG NBOZ UIFSBQFVUJD SFDPNNFOEFECFDBVTFPGUIFJEFBMOBUVSBMSFTPVSDFTGPSUIF
    BHFOUTJOWJUSPXFSFFWBMVBUFE<> )PXFWFS BTNBOZTUVEJFT DMJOJDBMSFTFBSDIXPSLPOPUIFSQBSBTJUJDEJTFBTFT
    IBWFTIPXO UIFSFJTOPTUBOEBSEMBCPSBUPSZDPOEJUJPOTUP
    DPNQBSFUIFSFTVMUTBOEMBCPSBUPSZGJOEJOHTXJUIDMJOJDBM
    TJUVBUJPOT 5IFOJUSPNJEB[PMF UJOJEB[PMFBOENFUSPOJEB[PMF %JTDVTTJPOBOEDPODMVTJPO
    DPOTJTUFOUMZIBWFCFFOTIPXOUPQPTTFTTUIFCFTUBDUJWJUZ
    JOWJUSP<> 5IJTEJTFBTFJTUSFBUFEXFMMXJUIOVUSJUJPOBM    * O UIJT SFWJFX TUVEZ  XF JEFOUJGJFE BOE QSFTFOUFE
    BOEIFSCBMUIFSBQZJOUFSWFOUJPO 5IFJOUFSWFOUJPOJTEPOF WBMVBCMF TPVSDF PG NFEJDJOBM IFSCT XIJDI BSF VTFE BT
    CZ BEEJOH B QSPCJPUJD DPUBJOJOH -BDUPCBDJMMVT TVDI BT OBUVSBMNFEJDJOBMQSPEVDUTGPSQSFWFOUJPOBOEUSFBUNFOU
    GSVDUPPMJHPTBDDIBSJEFT  EJFUBSZ GJCFS  XIFBU HFSN  FUD PG QBUIPHFOJD QSPUP[PBO 4 BSDPNBTUJHPQIPSB CSBODIFT
    3FEVDFE EBJSZ QSPEVDUT DPOUBJOJOH MBDUPTF NBZ IFMQ UP 5SZQBOPTPNB  -FJTINBOJB  "NPFCB  5SJDIPNPOBT BOE
    DPOUSPMHJBSEJBTJT )FSCTUIBUDBOIFMQUPDPOUSPMHJBSEJBTJT (JBSEJB
     5IFTF IFSCT VTVBMMZ IBWF WBSJPVT FGGFDUT BOE
    JODMVEFHBSMJDBOEQFQQFS<> 1JQQBMJSBTBZBOB "ZVSWFEB BSF VTFE GPS EJGGFSFOU EJTFBTFT JO BEEJUJPO UP QBSBTJUJD
    QSPEVDU  NBZ BMTP IFMQ JO DPOUSPMMJOH HJBSEJBTJT 4PNF JOGFDUJPOT 5IFNFDIBOJTNBDUJPOTPGUIFTFQMBOUTBHBJOTU
    GMBWPOPJET BOE UBOOJOT GPVOE JO QMBOUT MJLF NBSKPSBN  UIF DPNQMJDBUJPOT PG UIFTF EFTFBTFT BSF OPU DMFBS BOE
    QTJEJVNHVBKBWB NBOHJGFSBJOEJDBBOEQMBOUBJOBSFVTFEUP TIPVMECFFTUBCMJTIFE .PTUPGQMBOUTQSPQFSUJFTIBWFCFFO
    DPOUSPMEJBSSIFB BUUSJCVUFEUPUIFJSBOUJPYJEBOUBDUJWJUJFT<     > XIJDIJT
    NPTUMZEVFUPUIFQSFTFODFPGQIFOPMJDDPNQPOFOUT<  >
    5SJDIPNPOBTPSUSJDIPNPOJBTJT 5 IFTF QIFOPMJD DPNQPVOET VTVBMMZ IBWF BOUJNJDSPCJBM
    BDUJWJUZ< >IPXFWFS PUIFSDPNQPOFOUTPGUIFQMBOUTTIPVME
       5SJDIPNPOBT WBHJOBMJT 5 WBHJOBMJT
     JT B QSPUP[PBO CFJOWPMWFEJOUIFBDUJWJUJFTPGUIFTFQMBOUT UPP
    GMBHFMMBGPVOEJOUIFIVNBOHFOJUPVSJOBSZTZTUFNUIBUXJMM
    CFSFQMBDFECZUIFQSPUP[PBOUSPQIP[PJUFGPSNTBOEKVTU
    NVMUJQMZCZMPOHJUVEJOBMCJOBSZEJWJTJPO<> 5IFQSPUP[PBO $POGMJDUPGJOUFSFTUTUBUFNFOU
    JTUSBOTNJUUFEUISPVHITFYVBMDPOUBDU TPUIBUJOBMMDBTFT 
    JUJTUIFNPTUDPNNPOTFYVBMMZUSBOTNJUUFEEJTFBTFJOUIF 8FEFDMBSFUIBUXFIBWFOPDPOGMJDUPGJOUFSFTU
    XPSME5WBHJOBMJTDBVTFOFBSMZ NJMMJPOOFXJOGFDUJPOT
    FBDIZFBS 5IJTQBSBTJUFJTPOFPGUIFNPTUDPNNPODBVTFT
    PGOPOWJSBMTFYVBMMZUSBOTNJUUFEEJTFBTF<> "UMFBTUTJY "DLOPXMFEHFNFOU
    NJMMJPOXPNFOBOEUIFJSQBSUOFSTFBDIZFBSJOUIF 6OJUFE 
    4UBUFTBSFJOGFDUFEXJUI5WBHJOBMJTGPSTFYVBMMZUSBOTNJUUFE  5IJTSFTFBSDIXBTTVQQPSUFECZSFTFBSDIHSBOU /P 
    
    EJTFBTFT7BHJOJUJTBOEDFSWJDJUJTJOXPNFOBOEVSFUISJUJTJO GSPN % FQVUZ GPS 3 FTFBSDI BOE 5 FDIOPMPHZ PG - PSFTUBO
    CPUITFYFTNBZCFDBVTFECZUIJTQBSBTJUF 5IFTFQBSBTJUFT 6OJWFSTJUZPG.FEJDBM4DJFODFT
    .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44
    4

    3FGFSFODFT PGBMMPYBOJOEVDFEEJBCFUJDSBUT*SBO+&OEPDSJOPM.FUBC 


     
    
    <>4FSWJDF .8.FEJDBMFOUPNPMPHZGPSTUVEFOUT TUFE $BNCSJEHF <>"THBSZ 4  ,FMJTIBEJ 3  3BGJFJBO ,PQBFJ .  /BKBGJ 4  /BKBGJ
    $IBQNBO)BMM Q .  4 BIFCLBS "  * OWFTUJHBUJPO PG UIF MJQJENPEJGZJOH BOE
    <>8PSME )FBMUI 0SHBOJ[BUJPO 8)05FDI3FQ4FS/P&YQFSU BOUJJOGMBNNBUPSZFGGFDUTPG$PSOVTNBT -TVQQMFNFOUBUJPOPO
    DPNNJUUFFUIFMFJTINBOJBTJT (FOFWB 8PSME )FBMUI 0SHBOJ[BUJPO EZTMJQJEFNJDDIJMESFOBOEBEPMFTDFOUT1FEJBUS$BSEJPM 
    
     Q 
    <>8PSME )FBMUI 0SHBOJ[BUJPO 8)05FDI3FQ4FS/P&YQFSU <>) FJEBSJBO &  3 BGJFJBO , PQBFJ .  " TISBGJ ,  5 IF FGGFDU PG
    DPNNJUUFFFQJEFNJPMPHJDBMBTQFDUT$POUSPMPGUIFMFJTINBOJBTJT IZESPBMDPIPMJD FYUSBDU PG "MMJVN MBUJGPMJVN PO UIF MJWFS
    (FOFWB8PSME)FBMUI0SHBOJ[BUJPO Q QIPTQIBUJEBUF QIPTQIBUBTF BOE TFSVN MJQJE QSPGJMF JO
    <>4JOHI3, 1BOEFZ)1 4VOEBS47JTDFSBMMFJTINBOJBTJT LBMBB[BS
     IZQFSMJQJEFNJDSBUT+#BCPM6OJW.FE4DJ 
    
    DIBMMFOHFTBIFBE*OEJBO+.FE3FT <>,IPTSBWJ#PSPVKFOJ )  .PIBNNBEJGBSE /  4BSSBG[BEFHBO / 
    <>0VFMMFUUF .  %SVNNFMTNJUI +  1BQBEPQPVMPV # -FJTINBOJBTJT 4BKKBEJ '  .BHISPVO .  ,IPTSBWJ " FUBM 1PUBUPDPOTVNQUJPOBOE
    ESVHTJOUIFDMJOJD SFTJTUBODFBOEOFXEFWFMPQNFOUT%SVH3FTJTU DBSEJPWBTDVMBSEJTFBTFSJTLGBDUPSTBNPOH*SBOJBOQPQVMBUJPO*OU+
    6QEBUF 'PPE4DJ/VUS 
    
    <>/
     BTSJ )  3 BGJFJBO , PQBFJ .  1 SPUFDUJWF FGGFDUT PG IFSCBM <>,IPTSBWJ#PSPVKFOJ )  4BSSBG[BEFHBO /  .PIBNNBEJGBSE / 
    BOUJPYJEBOUTPOEJBCFUJDLJEOFZEJTFBTF+3FT.FE4DJ 
     4BKKBEJ' .BHISPVO. "THBSJ4 FUBM8IJUFSJDFDPOTVNQUJPOBOE
     $7%SJTLGBDUPSTBNPOH *SBOJBOQPQVMBUJPO+)FBMUI1PQVM/VUS
    <>/BTSJ )  3BGJFJBO,PQBFJ . 5VCVMBS LJEOFZ QSPUFDUJPO CZ  
    
    BOUJPYJEBOUT*SBO+1VCMJD)FBMUI 
     <>3BCJFJ ;  3BGJFJBO,PQBFJ .  )FJEBSJBO &  4BHIBFJ &  .PLIUBSJ
    <># BSBEBSBO "  . BEJIJ :  . FSSJLIJ "  3 BGJFJBO , PQBFJ .  4 &GGFDUTPG;J[ZQIVTKVKVCFFYUSBDUPONFNPSZBOEMFBSOJOH
    /FNBUCBLITI .  "THBSJ " FUBM /FQISPUPYJDJUZPGIZESPBMDPIPMJD JNQBJSNFOUJOEVDFECZCJMBUFSBMFMFDUSJDMFTJPOTPGUIFOVDMFVT
    FYUSBDUPG5FVDSJVNQPMJVNJO8JTUBSSBUT1BL+.FE4DJ CBTBMJTPGNFZOFSUJOSBU/FVSPDIFN3FT 
    
     <>3BCJFJ ;  3BGJFJBO,PQBFJ .  .PLIUBSJ 4  "MJCBCBFJ ;  4IBISBOJ
    <>"NJOJ '(  3BGJFJBO,PQBFJ .  /FNBUCBLITI .  #BSBEBSBO "  . 5IFFGGFDUPGQSFUSFBUNFOUXJUIEJGGFSFOUEPTFTPG-BWBOEVMB
    /BTSJ)"NFMJPSBUJWFFGGFDUTPGNFUGPSNJOPOSFOBMIJTUPMPHJDBOE PGGJDJOBMJTFUIBOPMJDFYUSBDUPONFNPSZ MFBSOJOHBOEOPDJDFQUJPO
    CJPDIFNJDBMBMUFSBUJPOTPGHFOUBNJDJOJOEVDFESFOBMUPYJDJUZJO #JPNFE"HJOH1BUIPM 
    
    8JTUBSSBUT+3FT.FE4DJ 
     <>/BTSJ )  4IJS[BE ) 5PYJDJUZBOETBGFUZPGNFEJDJOBMQMBOUT+
    <>,BSJNJ "  .PSBEJ .5  4BFFEJ .  "THIBSJ 4  3BGJFJBO,PQBFJ . )FSC.FE1MBSNBDPM 
    
    "OUJWJSBMBDUJWJUZPG2VFSDVTQFSTJDB -IJHIFGGJDBDZBOEMPX <>3BGJFJBO,PQBFJ . .FEJDJOBMQMBOUTBOEUIFIVNBOOFFET+
    UPYJDJUZ"EW#JPNFE3FT )FSC.FE1MBSNBDPM 
    
    <>#BINBOJ .  7BLJMJ4BBUMPP /  (IPMBNJ"IBOHBSBO .  ,BSBNBUJ <>/ BTSJ )  # BSBEBSBO "  " SEBMBO .3  . BSEBOJ 4  . PNFOJ " 
    4"  #BOJIBCJC &  )BKJHIPMJ[BEFI ( FUBM "DPNQBSJTPOTUVEZPO 3BGJFJBO,PQBFJ.#SJHIUSFOPQSPUFDUJWFQSPQFSUJFTPGNFUGPSNJO
    UIFBOUJMFFDIFGGFDUTPGPOJPO "MMJVNDFQB-
    BOEHJOHFS ;JOHJCFS CFZPOECMPPEHMVDPTFSFHVMBUPSZFGGFDUT*SBO+,JEOFZ%JT 
    PGGJDJOBMF
     XJUI MFWBNJTPMF BOE USJDMBCFOEB[PMF + )FSC.FE  
    
    1IBSNBDPM 
     <>)BNBOP 4  1FUSJ +S 8" "NFCJBTJT *O 'FJHJO 3%  $IFSBZ + 
    <>4IBSBGBUJ$IBMFTIUPSJ3 4IBSBGBUJ$IBMFTIUPSJ' 3BGJFJBO,PQBFJ %FNNMFS)BSSJTPO (+  ,BQMBO 4- FEJUPST'FJHJOBOE$IFSSZ’T
    . #JPMPHJDBMDIBSBDUFSJ[BUJPOPG *SBOJBOXBMOVU +VHMBOTSFHJB
     UFYUCPPLPGQFEJBUSJDJOGFDUJPVTEJTFBTFT UIFE 1IJMBEFMQIJB
    MFBWFT5VSL+#JPM 
    – 4BVOEFST Q
    <>#BINBOJ .  7BLJMJ4BBUMPP /  .BHITPVEJ 3  .PNUB[ )  4BLJ ,  <>8)01")06/&4$0 SFQPSU " DPOTVMUBUJPO XJUI FYQFSUT PO
    ,B[FNJ(IPTIDIJ # FUBM "DPNQBSBUJWFTUVEZPOUIFFGGFDUPG BNPFCJBTJT .FYJDP $JUZ  .FYJDP  +BOVBSZ  &QJEFNJPM
    FUIBOPMFYUSBDUPGXJME4DSPQIVMBSJBEFTFSUJBOETUSFQUPNZDJOPO #VMM 
    
    #SVDFMMMBNFMJUFOTJT+)FSC.FE1IBSNBDPM 
     <>/B[FNBMIPTTFJOJ.PKBSBE& 3PTUBNJ/FKBE. )BHIJHIJ"6QEBUF
    <># BINBOJ .  3 BGJFJBO , PQBFJ .  & GUFLIBSJ ;  # BOJIBCJC &  PG LOPXMFEHF GPS CFTU BNFCJBTJT NBOBHFNFOU (BTUSPFOUFSPM
    )BKJHIPMJ[BEFI (  #BINBOJ ' FUBM &WBMVBUJOHUIFBOUJMFFDI )FQBUPM#FE#FODI 
    
    FGGFDUTPGNFUIBOPMJDFYUSBDUTPG1FHBOVNIBSNBMB -BOE0MFB <>&OUBNPFCBUBYPOPNZ#VMM8PSME)FBMUI0SHBO
    FVSPQBFB -POJNNBUVSFXPSN-JNOBUJTOJMPUJDB8PSE’T7FU+ <>+PIO $  4BMBUB 3" "NFCJBTJT *O ,MJFHNBO 3.  #FISNBO 3& 
     
     +FOTPO )#  4UBOUPO #.% FEJUPST/FMTPOUFYUCPPLPGQFEJBUSJDT
    <>4 IJS[BE )  5BKJ '  3 BGJFJBO, PQBFJ . $PSSFMBUJPO CFUXFFO UIFE1IJMBEFMQIJB4BVOEFST Q
    BOUJPYJEBOUBDUJWJUZPGHBSMJDFYUSBDUTBOE 8&)*GJCSPTBSDPNB <>)BRVF 3  .POEBM %  %VHHBM 1  ,BCJS .  3PZ 4  'BSS #. FUBM
    UVNPSHSPXUIJO#"-#DNJDF+.FE'PPE 
     &OUBNPFCBIJTUPMZUJDBJOGFDUJPOJODIJMESFOBOEQSPUFDUJPOGSPN
    <>4IJS[BE )  ,JBOJ .  4IJS[BE . *NQBDUTPGUPNBUPFYUSBDUPOUIF TVCTFRVFOUBNFCJBTJT*OGFDU*NNVO 
    
    NJDFGJCSPTBSDPNBDFMMT+)FSC.FE1IBSNBDPM 
     <>,BSJNJ ;BSFIJ ""  .BINPPE[BEFI "  7BUBOJ )  4IJSCB[P 4 "O
    <>"LCBSJ '  "OTBSJ4BNBOJ 3  ,BSJNJ "  .PSUB[BFJ 4  4IBIJOGBSE /  FQJEFNJPMPHJDTUVEZPGJOUFTUJOBMBNPFCJBTJTJOCPSEFSTWJMMBHFTPG
    3BGJFJBO,PQBFJ . &GGFDUPGUVSOJQPOHMVDPTFBOEMJQJEQSPGJMFT 4BSBLIT+.JM.FE 
    
    4 .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44

    <>4BZZBSJ ""  *NBO[BEFI '  #BHIFSJ :B[EJ 4"  ,BSBNJ )  :BHIPPCJ BOEIJTUPQBUIPMPHJDBMIFBMJOHQSPDFTTPGCVSOXPVOEJOSBU.JEEMF
    . 1SFWBMFODFPGJOUFTUJOBMQBSBTJUJDJOGFDUJPOTJOUIF *TMBNJD &BTU+4DJ3FT 
    
    3FQVCMJDPG*SBO&BTU.FEJUFSS)FBMUI+ 
     <>1BSTBFJ 1  ,BSJNJ .  "TBEJ 4:  3BGJFJBO,PQBFJ . #JPBDUJWF
    <>"SEBMBO.3 /BTSJ) 3BGJFJBO,PQBFJ.$PNNFOUPOQSPUFDUJWF DPNQPOFOUTBOEQSFWFOUJWFFGGFDUPGHSFFOUFB $BNFMMJBTJOFOTJT
    
    SPMFPGSFDPNCJOBOUIVNBOFSZUISPQPJFUJOJOLJEOFZBOEMVOH FYUSBDUPOQPTUMBQBSPUPNZJOUSBBCEPNJOBMBEIFTJPOJOSBUT*OU+
    JOKVSZGPMMPXJOHSFOBMCJMBUFSBMJTDIFNJBSFQFSGVTJPOJOSBUNPEFM 4VSHEPJKJKTV
    *OU+1SFW.FE <>3BGJFJBO,PQBJF .  /BTSJ )  "MJ[BEFI '  "UBFCJ #  #BSBEBSBO "
    <>/BTSJ )  3BGJFJBO,PQBFJ . .FEJDJOBMQMBOUTBOEOFXDPODFSOT *NNVOPHMPCVMJO"OFQISPQBUIZBOENBMBSJB'BMDJQBSVNJOGFDUJPO
    JOTUBUJODPOTVNQUJPO*SBOJBO+1VCMJD)FBMUI   
      BSBSFBTTPDJBUJPO*SBO+1VCMJD)FBMUI 
    
     <>4FXFMM3%& 3BGJFJBO,PQBFJ.5IFIJTUPSZBOEVQTBOEEPXOTPG
    <>5JFSOFZ-. .D1IFF4+ 1BQBEBLJT."$VSSFOUNFEJDBMEJBHOPTJT IFSCBMNFEJDJOFVTBHF+)FSC.FE1IBSNBDPM 
    
    BOEUSFBUNFOUUIFE4UBNGPSE"QQMFUPO-BOHF Q <>/BTSJ) 4BIJOGBSE/ 3BGJFJBO. 3BGJFJBO4 4IJS[BE. 3BGJFJBO
     ,PQBFJ . 5VSNFSJD B TQJDF XJUI NVMUJGVODUJPOBM NFEJDJOBM
    <># FISNBO 3&  , MJFHNBO 3.  + FOTPO )#  /FMTPO UFYUCPPL PG QSPQFSUJFT+)FSC.FE1IBSNBDPM 
    
    QFEJBUSJDTUIFE1IJMBEFMQIJB4BVOEFST Q <>3BGJFJBO,PQBFJ .  "OTBSJ 3  4IBIJOGBSE /  /BNKPV "  3BGJFJBO
    <>3 BIJNJBO (  4 BOFJ .)  4 IJS[BE )  " [BEFHBO % FILPSEJ . 4IJS[BE)"NFMJPSBUJWFQSPQFSUZPG5FVDSJVNQPMJVNPOTFDPOE
    '  5 BHIJLIBOJ "  4 BMJN[BEFI -  FU BM 7 JSVMFODF GBDUPST PG EFHSFFCVSO+)FSC.FE1IBSNBDPM 
    
    )FMJDPCBDUFSQZMPSJWBD"JODSFBTFNBSLFEMZHBTUSJDNVDPTBM 5(' <>4FQVMWFEB#P[B 4  $BTTFMT #, 1MBOUNFUBCPMJUFTBDUJWFBHBJOTU
    βN3/"FYQSFTTJPOJOHBTUSJUJTQBUJFOUT.JDSPC1BUIPH 5SZQBOPTPNBDSV[J1MBOUB.FE
     <>'PVSOFU" #BSSJPT"" .VOP[7-FJTINBOJDJEBMBOEUSZQBOPDJEBM
    <>4BEFHIJ .  ,IPTSBWJ#PSPVKFOJ )  4BSSBG[BEFHBO /  "THBSZ 4  BDUJWJUJFTPG#PMJWJBONFEJDJOBMQMBOUT+&UIOPQIBSNBDPM
    3PPIBG[B )  (IBSJQPVS . FUBM $IFFTFDPOTVNQUJPOJOSFMBUJPO 
    UPDBSEJPWBTDVMBSSJTLGBDUPSTBNPOH *SBOJBOBEVMUT *))1TUVEZ <>3PKBTEF "SJBT "  'FSSP &  *ODIBVTUJ "  "TDVSSB .  "DPTUB / 
    /VUS3FT1SBDU 
     3PESJHVF[ & FUBM .VUBHFOJDJUZ JOTFDUJDJEBMBOEUSZQBOPDJEBM
    <>4 IBSBGBUJ $ IBMFTIUPSJ 3  3 BGJFJBO , PQBFJ .  4 DSFFOJOH PG BDUJWJUZPGTPNF 1BSBHVBZBO "TUFSBDFBF+&UIOPQIBSNBDPM 
    BOUJCBDUFSJBMFGGFDUPGUIF4DSPQIVMBSJBTUSJBUBBHBJOTU&DPMJJO 
    WJUSP+)FSC.FE1IBSNBDPM 
     <>.BSLFM &,  7PHF .  +PIO %5 .FEJDBM QBSBTJUPMPHZ UI FE
    <>"THBSZ 4  3BGJFJBO,PQBFJ .  4IBNTJ '  /BKBGJ 4  4BIFCLBS " 1IJMBEFMQIJB8#4BVOEFST Q
    #JPDIFNJDBMBOEIJTUPQBUIPMPHJDBMTUVEZPGUIFBOUJIZQFSHMZDFNJD <>5PQMFZ 88$5PQMFZBOE8JMMTPO’TNJDSPCJPMPHZBOENJDSPCJBM
    BOEBOUJIZQFSMJQJEFNJDFGGFDUTPGDPSOFMJBODIFSSZ $PSOVTNBT JOGFDUJPOT7PMUIFE/FX:PSL4QSJOHFS Q
    -
    JOBMMPYBOJOEVDFEEJBCFUJDSBUT+$PNQMFNFOU*OUFHS.FE <>"EEJTT %(  +VSBOFL %%  4QFODFS )$ 5SFBUNFOUPGDIJMESFOXJUI
     
     BTZNQUPNBUJDBOEOPOEJBSSIFBM(JBSEJBJOGFDUJPO1FEJBUS*OGFDU
    <>. BEJIJ :  . FSSJLIJ "  4 FUPSLJ .  # BSBEBSBO "  ( IPCBEJ 4  %JT+
    4IBIJOGBSE /  FU BM #JPBDUJWF DPNQPOFOUT BOE UIF FGGFDU PG <>"EBN % #JPMPHZPG(JBSEJBMBNCMJB$MJO.JDSPCJPM3FW  
    IZESPBMDPIPMJDFYUSBDUPG7BDDJOJVNNZSUJMMVTPOQPTUQSBOEJBM 
    BUIFSPTDMFSPTJTSJTLGBDUPSTJOSBCCJUT1BL+.FE4DJ <>.BSRVBSEU 8$  %FNBSFF 34  (SJFWF 3#1BSBTJUPMPHZBOEWFDUPS
     CJPMPHZOEFE-POEPO"DBEFNJD1SFTT Q
    <>)BNJMUPO 1#  4UFWFOT +3  (BVOU .8  (JEMFZ +  (JCTPO 8$ <>4BFCJ &5FYUCPPLPGDMJOJDBMQBSBTJUPMPHZ QPSPUP[BMEJTFBTFJO
    5 SZQBOPTPNFT BSF NPOPQIZMFUJD FWJEFODF GSPN HFOFT GPS *SBO5FISBO"FFJ[I Q
    HMZDFSBMEFIZEF QIPTQIBUF EFIZESPHFOBTF BOE TNBMM TVCVOJU <>.JS[BFJ .(3  "[JNJBO .  .PF[[J .  7BNFHIJ 3  3BGJFJBO
    SJCPTPNBM3/"*OU+1BSBTJUPM 
    – ,PQBFJ.&GGFDUPGMBNPUSJHJOFPOQSPQIZMBYJTPGQFEJBUSJDDMBTTJD
    <>1JPOULJWTLB )  )VHIFT "- &OWJSPONFOUBMLJOFUPQMBTUJEMJLF NJHSBJOF*SBO+$IJME/FVSPM
     4  S 3/"  TFRVFODFT BOE QIZMPHFOFUJD SFMBUJPOTIJQT BNPOH <>"LIMBHIJ .  4IBCBOJBO (  3BGJFJBO,PVQBFJ .  1BSWJO /  4BBEBU
    5SZQBOPTPNBUJEBFQBSBQIZMZPGUIFHFOVT5SZQBOPTPNB.PM .  "LIMBHIJ . $JUSVT BVSBOUJVN CMPTTPN BOE QSFPQFSBUJWF
    #JPDIFN1BSBTJUPM 
    – BOYJFUZ3FW#SBT"OFTUFTJPM 
    
    <>" T B E J  4 :  1 B S T B F J  1  , B S J N J  .  & [ [ B U J  4  ; B N J S J  "  <>4 IJS[BE )  4 IBISBOJ .  3 BGJFJBO , PQBFJ .  $ PNQBSJTPO PG
    .PIBNNBEJ[BEFI ' FUBM &GGFDUPGHSFFOUFB $BNFMMJBTJOFOTJT
     NPSQIJOFBOEUSBNBEPMFGGFDUTPOQIBHPDZUJDBDUJWJUZPGNJDF
    FYUSBDUPOIFBMJOHQSPDFTTPGTVSHJDBMXPVOETJOSBU*OU+4VSH QFSJUPOFBMQIBHPDZUFTJOWJWP*OU*NNVOPQIBSNBDPM   
    
     
     
    <>/BTSJ) .BEJIJ: .FSSJLIJ" (IFJTTBSJ" #BSBEBSBO" ,IFJSJ4  <>5BHIJLIBOJ. /BTSJ) "THBSJ" "GSPVHI) /BNKPP"3 "OTBSJ
    FUBM "TTPDJBUJPOPGQSPUFJOVSJBXJUIWBSJPVTDMJOJDBMGJOEJOHTBOE 4BNBOJ 3 FUBM 5IFSFOBMUPYJDJUZPGIZESPBMDPIPMJDFYUSBDUPG
    NPSQIPMPHJDWBSJBCMFTPGPYGPSEDMBTTJGJDBUJPOJOJNNVOPHMPCVMJO 4UBDIZTMBWBOEVMJGPMJB 7BIMJO 8JTUBSSBUT-JGF4DJ+   
    
    "OFQISPQBUIZQBUJFOUT*OU+1SFW.FE 
     
    <>,BSJNJ .  1BSTBFJ 1  "TBEJ :  &[[BUJ 4  #PSPVKFOJ 3,  ;BNJSJ "  <>5 BHIJLIBOJ "  " GSPVHI )  " OTBSJ 4 BNBOJ 3  4 IBIJOGBSE / 
    FUBM &GGFDUTPG$BNFMMJBTJOFOTJTFUIBOPMJDFYUSBDUPOIJTUPNFUSJD 3BGJFJBO,PQBFJ . "TTFTTJOHUIFUPYJDFGGFDUTPGIZESPBMDPIPMJD
    .BINPVE#BINBOJFUBM"TJBO1BD+5SPQ.FE 4VQQM
    44
    4
    FYUSBDUPG4UBDIZTMBWBOEVMJGPMJB 7BIMPOSBU’TMJWFS#SBUJTM-FL :PSL4QSJOHFS–7FSMBH Q
    -JTUZ 
     <>#BSBEBSBO "  /BTSJ )  /FNBUCBLITI .  3BGJFJBO,PQBFJ .
    <>-BV ")  -BN /1  1JTDJUFMMJ 4$  8JMLFT -  %BO[JOHFS -) $MJOJDBM "OUJPYJEBOUBDUJWJUZBOEQSFWFOUJWFFGGFDUPGBRVFPVTMFBGFYUSBDU
    QIBSNBDPLJOFUJDTPGNFUSPOJEB[PMFBOEPUIFSOJUSPJNJEB[PMFBOUJ PG"MPFWFSBPOHFOUBNJDJOJOEVDFEOFQISPUPYJDJUZJONBMF8JTUBS
    JOGFDUJWFT$MJO1IBSNBDPLJOFU SBUT$MJO5FS 
    
    <>+PLJQJJ -  +PLJQJJ ".*OWJUSPTVTDFQUJCJMJUZPG(JBSEJBMBNCMJB <>#BINBOJ .  &GUFLIBSJ ; "OFUIOPWFUFSJOBSZTUVEZPGNFEJDJOBM
    USPQIP[PJUFTUPNFUSPOJEB[PMFBOEUJOJEB[PMF+*OGFDU%JT QMBOUTJOUSFBUNFOUPGEJTFBTFTBOETZOESPNFTPGIFSEEPHJO
     TPVUIFSOSFHJPOTPG*MBN1SPWJODF *SBO$PNQ$MJO1BUIPM
    <>"[BENFIS "  )BKJBHIBFF 3  "GTIBSJ "  "NJSHIPGSBO ;  3FGJFJBO 
    ,PQBFJ .  :PVTPGJ%BSBOJ ) FUBM &WBMVBUJPOPGJOWJWPJNNVOF <># BINBOJ .  # BOJIBCJC &  3 BGJFJBO , PQBFJ .  ( IPMBNJ
    SFTQPOTFBDUJWJUZBOEJOWJUSPBOUJDBODFSFGGFDUCZ4DSPQIVMBSJB "IBOHBSBO . $PNQBSJTPOPGEJTJOGFDUJPOBDUJWJUJFTPGOJDPUJOF
    NFHBMBOUIB+.FE1MBOUT3FT– XJUIDPQQFSTVMQIBUFJOXBUFSDPOUBJOJOH-JNOBUJTOJMPUJDB,BGLBT
    <>( PSEUT #  ) FNFMIPG 8  " TTFMNBO $  # VU[MFS +1  *O WJUSP 6OJW7FU'BL%FSHEPJLWGE
    TVTDFQUJCJMJUJFTPG (JBSEJBMBNCMJBJTPMBUFTPGIVNBOPSJHJO <>#BINBOJ .  3BGJFJBO,PQBFJ .  "WJKHBO .  )PTTFJOJ 4  (PMTIBIJ
    UPTJYDPNNPOMZVTFEBOUJQSPUP[PBMBHFOUT"OUJNJDSPC"HFOUT ) &GUFLIBSJ;&UIOPCPUBOJDBMTUVEJFTPGNFEJDJOBMQMBOUTVTFECZ
    $IFNPUIFS ,VSEJTIPXOFS’TJOTPVUISBOHFPG*MBNQSPWJODF XFTUPG *SBO"N
    <>#BHIFSJ /  5BHIJLIBOJ "  3BIJNJBO (  4BMJN[BEFI -  "[BEFHBO &VSBTJBO+"HSJD&OWJSPO4DJ 
    
    %FILPSEJ '  ;BOEJ ' FUBM "TTPDJBUJPOCFUXFFOWJSVMFODFGBDUPST <>(IBTFNJ 1JSCBMPVUJ "  .PNFOJ .  #BINBOJ . &UIOPCPUBOJDBM
    PGIFMJDPCBDUFSQZMPSJBOEHBTUSJDNVDPTBMJOUFSMFVLJON3/" TUVEZPGNFEJDJOBMQMBOUTVTFECZLVSEUSJCFJOEFIMPSBOBOE
    FYQSFTTJPOJOEZTQFQUJDQBUJFOUT.JDSPC1BUIPH BCEBOBOEJTUSJDUT  *MBNQSPWJODF  *SBO"GS+5SBEJU$PNQMFNFOU
    <>#BHIFSJ /  3BIJNJBO (  4BMJN[BEFI -  "[BEFHBO '  3BGJFJBO "MUFSO.FE 
    
    ,PQBFJ. 5BHIJLIBOJ" FUBM"TTPDJBUJPOPGUIFWJSVMFODFGBDUPST <>#BINBOJ .  3BGJFJBO,PQBFJ . .FEJDJOBMQMBOUTBOETFDPOEBSZ
    PGIFMJDPCBDUFSQZMPSJBOEHBTUSJDNVDPTBMJOUFSMFVLJON3/" NFUBCPMJUFTGPSMFFDIDPOUSPM"TJBO1BD+5SPQ%JT 
    
    FYQSFTTJPOJOEZTQFQUJDQBUJFOUT&9$-*+ 
    <>/BTSJ )  5BWBLPMJ .  "INBEJ "  #BSBEBSBO "  /FNBUCBLITI .  <>#BINBOJ. 'BSLIPOEFI5 4BEJHIBSB15IFBOUJQBSBTJUJDFGGFDUT
    3BGJFJBO,PQBFJ . "NFMJPSBUJWF FGGFDU PG NFMBUPOJO BHBJOTU PG/JDPUJOBUBCBDVNPOMFFDIFT$PNQ$MJO1BUIPM 
    
    DPOUSBTUNFEJBJOEVDFESFOBMUVCVMBSDFMMJOKVSZ1BL+.FE4DJ 
     
     <>#BINBOJ .  ,BSBNBUJ 4"  #BOJIBCJC &  4BLJ , $PNQBSJTPOPG
    <>8BSSFO ,4  .BINPPE ""'5SPQJDBMBOEHFPHSBQIJDBMNFEJDJOF FGGFDUPGOJDPUJOFBOEMFWBNJTPMFBOEJWFSNFDUJOPONPSUBMJUZPG
    /FX:PSL.D(SBXI)JMM*OD Q MFFDI"TJBO1BD+5SPQ%JT 4VQQM
    44
    <>, FOHOF 1  7 FBT '  7 JEBM /  3 FZ +-  $ VOZ (  5SJDIPNPOBT <>"NJSNPIBNNBEJ. ,IBKPFOJB4 #BINBOJ. 3BGJFJBO,PQBFJ. 
    WBHJOBMJTSFQFBUFE %/"UBSHFUGPSIJHIMZTFOTJUJWFBOETQFDJGJD &GUFLIBSJ ;  2PSCBOJ .*OWJWPFWBMVBUJPOPGBOUJQBSBTJUJDFGGFDUT
    QPMZNFSBTFDIBJOSFBDUJPOEJBHOPTJT$FMM.PM#JPM /PJTZMF PG"SUFNJTJBBCSPUBOVNBOE4BMWJBPGGJDJOBMJTFYUSBDUTPO4ZQIBDJB
    HSBOE
     PCWFMBUB "TQJDVMPSJTUFUSBQFUSBBOE)ZNFOPMFQJTOBOBQBSBTJUFT
    <>.BEJDP (  2VJOO 5$  3PNQBMP "  .D,FF ,5 +S  (BZEPT $" "TJBO1BD+5SPQ%JT 4VQQM
    44
    %JBHOPTJTPG5SJDIPNPOBTWBHJOBMJTJOGFDUJPOCZ1$3VTJOHWBHJOBM <>#
     BINBOJ .  "CCBTJ +  .PITFO[BEFHBO "  4BEFHIJBO 4  (IPMBNJ
    TXBCTBNQMFT+$MJO.JDSPCJPM " IBOHBSBO .  "MMJVN TBUJWVN -  UIF BOUJBNNBUVSF MFFDI
    <>1
     FUSJO %  % FMHBUZ ,  # IBUU 3  ( BSCFS (  $ MJOJDBM BOE -JNOBUJTOJMPUJDB
    BDUJWJUZDPNQBSFEUP /JDMPTPNJEF$PNQ$MJO
    NJDSPCJPMPHJDBMBTQFDUTPG5SJDIPNPOBTWBHJOBMJT$MJO.JDSPCJPM 1BUIPM–
    3FW <>#
     BINBOJ .  4 BLJ ,  ( IPMBNJ " IBOHBSBO .  1 BSTBFJ 1 
    <>3JMFZ %&  3PCFSUT .$  5BLBZBNB 5  ,SJFHFS +/ %FWFMPQNFOUPG . PITFO[BEFHBO "  ; JB + BISPNJ /  & WBMVBUJOH UIF BOUJ
    BQPMZNFSBTFDIBJOSFBDUJPOCBTFEEJBHOPTJTPG5SJDIPNPOBT MFFDIBDUJWJUZPGNFUIBOPMJDFYUSBDUPG .BUSJDBSJBDIBNPNJMMB
    WBHJOBMJT+$MJO.JDSPCJPM -  DPNQBSJOH XJUI JWFSNFDUJO  NFCFOEBTPMF  QSB[JRVBOUFM 
    <>2VJOO ,SJFHFS + 5SJDIPNPOJBTJT *O 8BSSFO ,4  .BINPVE ""'  SBGPYBOJEF GFCBOUFMBOEBMCFOEBTPMF.JEEMF&BTU+4DJ3FT 
    FEJUPST5SPQJDBMBOEHFPHSBQIJDBMNFEJDJOF OEFE /FX :PSL  
    
    .D(SBXI)JMM*OD Q <>#
     BINBOJ. 3BGJFJBO. #BSBEBSBO" 3BGJFJBO4 3BGJFJBO,PQBFJ
    <>.BOTPO–#BIS 1&$  #FMM %3.BOTPO’TUSPQJDBMEJTFBTFT -POEPO . /FQISPUPYJDJUZBOEIFQBUPUPYJDJUZFWBMVBUJPOPG$SPDVTTBUJWVT
    #BJMMJFSF5JOEBMM Q TUJHNBTJOOFPOBUFTPGOVSTJOHNJDF+/FQISPQBUIPM 
    
    <>8PSME )FBMUI 0SHBOJ[BUJPO "O PWFSWJFX PG TFMFDUFE DVSBCMF 
    TFYVBMMZUSBOTNJUUFEEJTFBTF*O(MPCBMQSPHSBNPO"*%4(FOFWB <>3
     BGJFJBO,PQBFJ. (IBFE"NJOJ' /BTSJ)(JOHFSBOEEJBCFUJD
    8PSME)FBMUI0SHBOJ[BUJPO Q OFQISPQBUIZBMFUUFSUPUIFFEJUPS+*TGBIBO.FE4DIPPM 
    <>4DIXFCLF+3 #VSHFTT%5SJDIPNPOJBTJT$MJO.JDSPCJPM3FW  
    
     
     <>/
     BTSJ )  3BGJFJBO,PQBFJ . .FEJDJOBMQMBOUTBOEBOUJPYJEBOUT
    <>"DLFST +1 *NNVOPMPHJDBTQFDUTPGIVNBOUSJDIPNPOJBTJT *O XIZUIFZBSFOPUBMXBZTCFOFGJDJBM *SBO+1VCMJD)FBMUI 
    )POJHCFSH #. FEJUPS5SJDIPNPOBETQBSBTJUJDJOIVNBOT /FX  
    

    You might also like