+PUVT EVKQPOCP CN
2TGECWVKQPUFWTKPIKPUVCNNCVKQP
6JGOCEJKPGO UVQPN[DGNKHVGF UKPIU KVCDNGGS KROGPVKPCEEQTFCPEGYKVJNQECNUCHGV[
TGI NCVKQPU.QQUGQTRKXQVKPIRCTVUO UVDGUGE TGN[HCUVGPGFDGHQTGNKHVKPI+VKUUVTKEVN[HQTDKFFGP
VQFYGNNQTUVC[KPVJGTKUM\QPG PFGTCNKHVGFNQCF.KHVKPICEEGNGTCVKQPCPFFGEGNGTCVKQPO UVDG
MGRVYKVJKPUCHGNKOKVU9GCTCUCHGV[JGNOGVYJGPYQTMKPIKPVJGCTGCQHQXGTJGCFQTNKHVKPI
GS KROGPV
2NCEGVJGOCEJKPGYJGTGVJGCODKGPVCKTKUCUEQQNCPFENGCPCURQUUKDNG+HPGEGUUCT[KPUVCNNC
U EVKQPF EV0GXGTQDUVT EVVJGCKTKPNGV%CTGO UVDGVCMGPVQOKPKOKUGVJGGPVT[QHOQKUV TGCV
VJGKPNGVCKT
#P[DNCPMKPIHNCPIGURN IUECRUCPFFGUKEECPVDCIUO UVDGTGOQXGFDGHQTGEQPPGEVKPIVJG
RKRGU
#KTJQUGUO UVDGQHEQTTGEVUK\GCPFU KVCDNGHQTVJGYQTMKPIRTGUU TG0GXGT UGHTC[GFFCOCIGF
QTYQTPJQUGU&KUVTKD VKQPRKRGUCPFEQPPGEVKQPUO UVDGQHVJGEQTTGEVUK\GCPFU KVCDNGHQTVJG
YQTMKPIRTGUU TG
6JGCURKTCVGFCKTO UVDGHTGGQHHNCOOCDNGH OGUXCRQ TUCPFRCTVKENGUGIRCKPVUQNXGPVUVJCV
ECPNGCFVQKPVGTPCNHKTGQTGZRNQUKQP
#TTCPIGVJGCKTKPVCMGUQVJCVNQQUGENQVJKPIYQTPD[RGQRNGECPPQVDGU EMGFKP
'PU TGVJCVVJGFKUEJCTIGRKRGHTQOVJGEQORTGUUQTVQVJGCHVGTEQQNGTQTCKTPGVKUHTGGVQGZRCPF
PFGTJGCVCPFVJCVKVKUPQVKPEQPVCEVYKVJQTENQUGVQHNCOOCDNGOCVGTKCNU
0QGZVGTPCNHQTEGOC[DGGZGTVGFQPVJGCKTQ VNGVXCNXGVJGEQPPGEVGFRKRGO UVDGHTGGQHUVTCKP
+HTGOQVGEQPVTQNKUKPUVCNNGFVJGOCEJKPGO UVDGCTCENGCTUKIPUVCVKPI�)'46JKUOCEJKPGKU
TGOQVGN[EQPVTQNNGFCPFOC[UVCTVYKVJQ VYCTPKPI
6JGQRGTCVQTJCUVQOCMGU TGVJCVVJGOCEJKPGKUUVQRRGFCPFVJCVVJGKUQNCVKPIUYKVEJKUQRGP
CPFNQEMGFDGHQTGCP[OCKPVGPCPEGQTTGRCKT#UCH TVJGTUCHGI CTFRGTUQPUUYKVEJKPIQP
TGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGS CVGRTGEC VKQPUVQGPU TGVJCVVJGTGKUPQQPG
EJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCU KVCDNGPQVKEGUJCNNDGCHHKZGFVQVJGUVCTV
GS KROGPV
#KTEQQNGFOCEJKPGUO UVDGKPUVCNNGFKPU EJCYC[VJCVCPCFGS CVGHNQYQHEQQNKPICKTKU
CXCKNCDNGCPFVJCVVJGGZJC UVGFCKTFQGUPQVTGEKTE NCVGVQVJGEQORTGUUQTCKTKPNGVQTEQQNKPICKT
KPNGV
6JGGNGEVTKECNEQPPGEVKQPUO UVEQTTGURQPFVQVJGNQECNEQFGU6JGOCEJKPGUO UVDGGCTVJGFCPF
RTQVGEVGFCICKPUVUJQTVEKTE KVUD[H UGUKPCNNRJCUGU#NQEMCDNGRQYGTKUQNCVKPIUYKVEJO UVDG
KPUVCNNGFPGCTVJGEQORTGUUQT
1POCEJKPGUYKVJC VQOCVKEUVCTVUVQRU[UVGOQTKHVJGC VQOCVKETGUVCTVH PEVKQPCHVGTXQNVCIG
HCKN TGKUCEVKXCVGFCUKIPUVCVKPI6JKUOCEJKPGOC[UVCTVYKVJQ VYCTPKPIO UVDGCHHKZGFPGCT
VJGKPUVT OGPVRCPGN
+PO NVKRNGEQORTGUUQTU[UVGOUOCP CNXCNXGUO UVDGKPUVCNNGFVQKUQNCVGGCEJEQORTGUUQT0QP
TGV TPXCNXGUEJGEMXCNXGUO UVPQVDGTGNKGF RQPHQTKUQNCVKPIRTGUU TGU[UVGOU
0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUI CTFUQTKPU NCVKQPHKVVGFQPVJGOCEJKPG'XGT[
RTGUU TGXGUUGNQTC ZKNKCT[KPUVCNNGFQ VUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUU TG
O UVDGRTQVGEVGFD[CRTGUU TGTGNKGXKPIFGXKEGQTFGXKEGUCUTGS KTGF
2KRGYQTMQTQVJGTRCTVUYKVJCVGORGTCV TGKPGZEGUUQHu%u(CPFYJKEJOC[DG
CEEKFGPVCNN[VQ EJGFD[RGTUQPPGNKPPQTOCNQRGTCVKQPO UVDGI CTFGFQTKPU NCVGF1VJGTJKIJ
VGORGTCV TGRKRGYQTMO UVDGENGCTN[OCTMGF
(QTYCVGTEQQNGFOCEJKPGUVJGEQQNKPIYCVGTU[UVGOKPUVCNNGFQ VUKFGVJGOCEJKPGJCUVQDG
RTQVGEVGFD[CUCHGV[FGXKEGYKVJUGVRTGUU TGCEEQTFKPIVQVJGOCZKO OEQQNKPIYCVGTKPNGV
RTGUU TG