B97 B5G=CB5@ 9@97GE=75@ 7C89
8\ [\a N]]Ye \VY \_ ]Ra_\YRbZ ]_\QbPa` a\ aUV` ]_\QbPa0
75HG=CB
=[cV`VOYR YN`R_ _NQVNaV\[ VYY OR RZVaaRQ UR[ aUR ]_\QbPa V`
\]R[ N[Q V[aR_Y\PX` N_R QRSRNaRQ0 8\ [\a QRSRNa aUR `NSRae
V[aR_Y\PX`0
;E5D<=7 FLA6C@F J=G< FHDD@9A9BG5EL A5E?=B;F
5E9 @C75G98 CB G<9 6CGGCA C: G<9 HB=G0
HF9 C: 7CBGEC@F. 58>HFGA9BGF. CE D9E:CEA5B79
DEC798HE9 <9E9=B A5L E9FH@G =B <5M5E8CHF
E58=5G=CB 9KDCFHE90
D\ R_ Fb]]Ye
C]R_NaV[T aUR ]YNeR_ \[ 57 ]\ R_
0OTFSU POF FOE BU UIF TVQQMJFE QPXFS DPSE UP UIF }* 05 1BDL MPDBUFE
BU UIF SFBSo
6G UIF SFBS PG UIF VOJU BOE UIF PUIFS FOE JOUP UIF >BMM PVUMFUo
BCG94
>/,5 ;/, -09:; ;04, :,+ ;/, *69+ /}:;6~, -0943@
7 :/,+ 05;6 ;/, :6*2,; 0- 0; +6,: 56; >692 65 }*m
;6 ;9@ }.}05 ;6 ~, : 9, -69 }76:0;0=, *655,*;065o
CD9E5G=CB aUR ]YNeR_ \[ ONaaR_VR`
ro ;P QMBZ ZPVS VOJU PO CBUUFSJFTmUIF }* QPXFS DPSE NVTU CF
EJTDPOOFDUFE GSPN UIF QMBZFSo
so OQMVH UIF }* QPXFS DPSE GSPN UIF VOJU BOE JOTFSU FJHIU TJ[F
*p4ns ~BUUFSJFT kOPU QSPWJEFElJO UIF DPNQBSUNFOUo
to *MPTF UIF CBUUFSZ DPNQBSUNFOU EPPSo
B\aR4
*IFDL ZPVS CBUUFSJFT SFHVMBSMZo6ME PS EJTDIBSHFE CBUUFSJFT TIPVME CF
SFQMBDFEo0G UIF VOJU JT OPU UP CF VTFE GPS TPNFUJNF PS JT CFJOH SVO
FYDMVTJWFMZ PO }* FMFDUSJDBM DVSSFOUmSFNPWF CBUUFSJFT GSPN UIF
CBUUFSZ DPNQBSUNFOU UP BWPJE MFBLBHFo
J5EB=B;4
2FFQ CBUUFSJFT BXBZ GSPN DIJMESFO BOE QFUTo+JTQPTF PG CBUUFSJFT QFS
CBUUFSZ NBOVGBDUVSFSjT JOTUSVDUJPOTo+P OPU EJTDBSE CBUUFSJFT JO GJSFm
BT FYQMPTJPO NBZ PDDVSo
}5;,55}
3,}+ 05 >09,
}5;,55}+0:*/}9., 50;
k5,* :,*;065 ~rqnsql
.96 5+05. *65+ *;69
k5,* :,*;065 ~rqnsrl
.96 5+ *3}47:
76>,9 :,9=0*, .96 5+05.
,3,*;96+, :@:;,4
k5,* }9; svq 7}9;/l
.96 5+
*3}47
,3,*;90*
:,9=0*,
,8 074,5;
9K5AD@9 C: 5BG9BB5;ECHB8=B; 5F D9E
B5G=CB5@ 9@97GE=75@ 7C89
F5:9GL =BFGEH7G=CBF
;/,:, 04769;}5; :}-,;@ 05:;9 *;065: }9,
05*3 +,+m}:}7730*}~3, ;6 ;/, }7730}5*,m
*65=,@05. ;6 ;/, :,9 ;/, 05-694};065
0;,40A,+ ~,36>
75HG=CB 4 ;6 79,=,5; ,3,*;90* :/6*2m
4};*/ >0+, ~3}+, 6- 73 .
;6 >0+, :36;m- 33@ 05:,9;o
;6 9,+ *, ;/, 90:2 6- -09,
69 ,3,*;90* :/6*2m+6 56;
,?76:, ;/, }7730}5*, ;6 9}05
69 460:; 9,o
J5EB=B;4
qrmbghjbn+z~|0{ _li` fk l-/ gefe dp
rqo ;_\b[QV[T D\YN_VfNaV\[n;IJT QSPEVDU NBZ CF FRVJQQFE XJUI B
QPMBSJ[FE BMUFSOBUJOH DVSSFOU MJOF QMVH kB QMVH IBWJOH POF CMBEF
XJEFS UIBO UIF PUIFS lo ;IJT QMVH XJMM GJU JOUP UIF QPXFS PVUMFU
POMZ POF XBZ QFSJPEo;IJT JT B TBGFUZ GFBUVSFo0G ZPV BSF VOBCMF UP
JOTFSU UIF QMVH GVMMZ JOUP UIF PVUMFUmUSZ SFWFSTJOH UIF QMVHo0G UIF
QMVH TIPVME TUJMM GBJM UP GJUmDPOUBDU BO FMFDUSJDJBO UP SFQMBDF UIF
PVUMFUo+P OPU EFGFBU UIF TBGFUZ QVSQPTF PG UIF QPMBSJ[FE QMVHo
rro D\ R_/7\_Q D_\aRPaV\[n7PXFS TVQQMZ DPSET TIPVME CF SPVUFE TP
UIBU UIFZ BSF OPU MJLFMZ UP CF XBMLFE PO PS QJODIFE CZ JUFNT
QMBDFE VQPO PS BHBJOTU UIFNmQBZJOH QBSUJDVMBS BUUFOUJPO UP DPSET
BU QMVHTmDPOWFOJFODF SFDFQUBDMFTmBOE UIF QPJOU XIFSF UIFZ FYJU
GSPN UIF BQQMJBODFo
rso 7YRN[V[T n ;IF BQQMJBODF TIPVME CF DMFBOFE XJUI B TPGUm
ESZ DMPUIo
rto B\[/b`R ]R_V\Q`n;IF QPXFS DPSE PG UIF BQQMJBODF TIPVME CF
VOQMVHHFE GSPN UIF PVUMFU XIFO MFGU VOVTFE GPS B MPOH QFSJPE PG
UJNFo
ruo COWRPa N[Q @V^bVQ 9[a_en*BSF TIPVME CF UBLFO TP UIBU PCKFDUT EP
OPU GBMMmBOE MJRVJET BSF OPU TQJMMFEmJOUP UIF QSPEVDU DBTF UISPVHI
QSPEVDU PQFOJOHTo
rvo 8NZNTR ER^bV_V[T FR_cVPRn OQMVH UIJT QSPEVDU GSPN UIF XBMM
PVUMFU BOE UBLF JU UP RVBMJGJFE TFSWJDF QFSTPOOFM VOEFS UIF
GPMMPXJOH DPOEJUJPOTo
Bl>IFO UIF QPXFSnTVQQMZ DPSE PS QMVH JT EBNBHFEo
Cl0G MJRVJE IBT CFFO TQJMMFE JOUPmPS PCKFDUT IBWF GBMMFO JOUPmUIF
QSPEVDUo
Dl0G UIF QSPEVDU IBT CFFO FYQPTFE UP SBJO PS XBUFSo
El0G UIF QSPEVDU EPFT OPU PQFSBUF XIFO VTFE BDDPSEJOH UP UIF
PQFSBUJOH JOTUSVDUJPOTo
}EKVTU POMZ UIPTF DPOUSPMT UIBU BSF DPWFSFE CZ UIF PQFSBUJOH
JOTUSVDUJPOT CFDBVTF JNQSPQFS BEKVTUNFOU PG PUIFS DPOUSPMT
NBZ JOUFSGFSF XJUI UIF QSPEVDUjT OPSNBM PQFSBUJPOo
Fl0G UIF QSPEVDU IBT CFFO ESPQQFE PS EBNBHFE JO BOZ XBZo
Gl>IFO UIF QSPEVDU FYIJCJUT B EJTUJODU DIBOHF JO QFSGPSNBODFo
rwo FR_cVPV[T n ;IF VTFS TIPVME OPU BUUFNQU UP TFSWJDF UIF QSPEVDU
CFZPOE UIBU EFTDSJCFE JO UIF PQFSBUJOH JOTUSVDUJPOTo}MM TFSWJDJOH
TIPVME CF SFGFSSFE UP RVBMJGJFE TFSWJDF QFSTPOOFMo
rxo D\ R_ @V[R`n}O PVUTJEF BOUFOOB TZTUFN TIPVME OPU CF MPDBUFE JO
UIF WJDJOUZ PG PWFSIFBE QPXFS MJOFTmPS PUIFS FMFDUSJD MJHIU PS
QPXFS DJSDVJUTmPS XIFSF JU DBO GBMM JOUP TVDI QPXFS MJOFT PS
DJSDVJUTo>IFO JOTUBMMJOH BO PVUTJEF BOUFOOB TZTUFNmFYUSFNF DBSF
TIPVME CF UBLFO UP LFFQ GSPN UPVDIJOH QPXFS MJOFT PS DJSDVJUT BT
DPOUSBDU XJUI UIFN NJHIU CF GBUBMo
ryo CbaQ\\_ 5[aR[[N ;_\b[QV[T n0G BO PVUTJEF BOUFOOB JT
DPOOFDUFE UP UIF SFDFJWFSmCF TVSF UIF BOUFOOB TZTUFN JT HSPVOEFE
TP BT UP QSPWJEF TPNF QSPUFDUJPO BHBJOTU WPMUBHF TVSHFT BOE CVJMU
VQ TUBUJDo:FDUJPO yrq PG UIF 5BUJPOBM ,MFDUSJDBM *PEF }5:0p
5,-}xqQSPWJEFT JOGPSNBUJPO XJUI SFTQFDU UP QSPQFS UP
HSPVOEJOH PG UIF NBTU BOE TVQQPSUJOH TUSVDUVSFmHSPVOEJOH
DPOEVDUFSTmMPDBUJPO PG BOUFOOBnEJTDIBSHF VOJUmTJ[F PG HSPVOEJOH
FMFDUSPEFTmBOE SFRVJSFNFOUT GPS UIF HSPVOEJOH FMFDUSPEF
kTFF GJHVSF lo
rzo 7@95B=B; n OQMVH UIJT QSPEVDU GSPN UIF XBMM PVUMFU CFGPSF
DMFBOJOHo+P OPU VTF MJRVJE DMFBOFST PS BFSPTPM DMFBOFSToTF B
EBNQ DMPUI GPS DMFBOJOHo
sqo @=;<GB=B; n -PS BEEFE QSPUFDUJPO GPS UIJT QSPEVDU EVSJOH B
MJHIUOJOH TUPSNmPS XIFO JU JT MFGU VOBUUFOEFE BOE VOVTFE GPS MPOH
QFSJPET PG UJNFmVOQMVH JU GSPN UIF XBMM PVUMFU BOE EJTDPOOFDU UIF
BOUFOOB PS DBCMF TZTUFNo;IJT XJMM QSFWFOU EBNBHF UP UIF QSPEVDU
EVF UP MJHIUOJOH BOE QPXFSnMJOF TVSHFTo
sro F5:9GL 7<97?n QPO DPNQMFUJPO PG BOZ TFSWJDF PS SFQBJST
UP UIJT QSPEVDUmBTL UIF TFSWJDF UFDIOJDJBO UP QFSGPSN TBGFUZ
DIFDLT UP EFUFSNJOF UIBU UIF QSPEVDU JT JO QSPQFS PQFSBUJOH
DPOEJUJPOo
sso CI9E@C58=B;n +P OPU PWFSMPBE XBMM PVUMFUTmFYUFOTJPO DPSET
PS JOUFHSBM DPOWFOJFODF SFDFQUBDMFT BT UIJT DBO SFTVMU JO B SJTL PG
GJSF PS FMFDUSJD TIPDLo
ro ERNQ V[`a_bPaV\[`n}MM UIF TBGFUZ BOE PQFSBUJOH JOTUSVDUJPOT
TIPVME CF SFBE CFGPSF UIF BQQMJBODF JT PQFSBUFEo
so ERaNV[ V[`a_bPaV\[`n;IF TBGFUZ BOE PQFSBUJOH JOTUSVDUJPOT
TIPVME CF SFUBJOFE GPS GVUVSF SFGFSFODFo
to <RRQ JN_[V[T`n}MM XBSOJOHT BOE DBVUJPOT PO UIF BQQMJBODF
BOE JO UIF PQFSBUJOH JOTUSVDUJPOT TIPVME CF BEIFSFE UPo
uo :\YY\ V[`a_bPaV\[`n}MM PQFSBUJOH BOE VTF JOTUSVDUJPOT TIPVME
CF GPMMPXFEo
vo JNaR_ N[Q A\V`ab_Rn;IF BQQMJBODF TIPVME OPU CF VTFE OFBS
XBUFSmkFoHoB CBUIUVCmXBTICPXMmLJUDIFO TJOLmMBVOESZ UVCm
XFU CBTFNFOUmB TXJNNJOH QPPM PS MBLFol
wo JNYY \_ 7RVYV[T A\b[aV[Tn;IF BQQMJBODF TIPVME OPU CF
NPVOUFE PO B XBMM PS DFJMJOHo
xo IR[aVYNaV\[n;IF BQQMJBODF TIPVME CF TJUVBUFE TP UIBU JUT
MPDBUJPO PS QPTJUJPO EPFT OPU JOUFSGFSF XJUI JUT QSPQFS
WFOUJMBUJPOo-PS FYBNQMFmUIF BQQMJBODF TIPVME OPU CF TJUVBUFE
PO B CFEmTPGBmSVH PS TJNJMBS TVSGBDF UIBU NBZ CMPDL UIF
WFOUJMBUJPO PQFOJOHTmPS QMBDFE JO B CVJMUnJO JOTUBMMBUJPOmTVDI
BT B CPPLDBTF PS DBCJOFUmUIBU NBZ JNQFEF UIF GMPX PG BJS
UISPVHI UIF WFOUJMBUJPO PQFOJOHTo
yo <RNan;IF BQQMJBODF TIPVME CF TJUVBUFE BXBZ GSPN IFBU
TPVSDFT TVDI BT SBEJBUPSTmIFBU SFHJTUFSTmTUPWFTmBOE PUIFS
BQQMJBODFT kJODMVEJOH BNQMJGJFSTlUIBU QSPEVDF IFBUo
zo D\ R_ F\b_PR`n;IF QSPEVDU TIPVME CF PQFSBUFE POMZ XJUI UIF
UZQF PG QPXFS TVQQMZ JOEJDBUFE PO UIF NBSLJOH MBCFMo0G ZPV
BSF OPU TVSF PG UIF UZQF PG QPXFS TVQQMZ UP ZPVS IPNFm
DPOTVMU UIF QSPEVDU EFBMFS PS MPDBM QPXFS DPNQBOZo-PS
QSPEVDUT JOUFOEFE UP PQFSBUF GSPN CBUUFSZ QPXFSmPS PUIFS
TPVSDFTmSFGFS UP UIF PQFSBUJOH JOTUSVDUJPOTo
=BFGEH7G=CB A5BH5@
C]R_NaV[T =[`a_bPaV\[`
69:CE9 CD9E5G=B; G<=F DEC8H7G.
E958. HB89EFG5B8. 5B8 :C@@CJ
G<9F9 =BFGEH7G=CBF0
6R `b_R a\ `NcR aUV` O\\XYRa S\_ Sbab_R
_RSR_R[PR0
*};065{;6 9,+ *, ;/,
90:2 6- ,3,*;90* :/6*2m+6
56; 9,46=, *6=,9 k69
~}*2lo 56 :,9 :,9=0*,}~3,
7}9;: 05:0+,o9,-,9
:,9=0*05. ;6 8 }30-0,+
:,9=0*, 7,9:655,3o
s{x ~|z{1|+z y~t0{4|1{
t//,4{xtw 06*u,~a 4|1{
t+x.2|~t1x/t~ 1/|t+z~x
|0|+1x+1xw1, t~x/1 1{x
20x/,y1{x -/x0x+vx ,y
2+|+02~t1xw wt+zx/,20
3,~1tzx 4|1{|+1{x
-/,w2v1^0x+v~,02/x1{t1
*t6ux ,y02yy|v|x+1
*tz+|12wx 1, v,+01|121x
t/|0},y x~xv1/|v 0{,v}
1, -x/0,+0c
s{x x5v~t*t1|,+ -,|+1
4|1{|+t+x.2|~t1x/t~
1/|t+z~x 1, |+1x+wxw 1,
t~x/1 1{x 20x/,y
-/x0x+vx ,y|*-,/1t+1
,-x/t1|+zt+w
*t|+1x+t+vx
_0x/3|v|+z` |+01/2v1|,+c
o+1{x ~|1x/t12/x
tvv,*-t+6|+z1{x
t--~|t+vxc
@?NMEIH
KELF IC BGB@MKE@ LDI@F
AI HIM IJBH
Y eg\]c` UV Yc\i`e hbga
TXSWX [g`e` Z\_b U\ff`gg`
Yc\i`eSZ`^ e_`e
AC89@ BD6/123