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EZEMPEFPIEPPEZEMPEFPIWXVIRKXLXIWXWWLSYPHFIEREP]^IHXS
SFXEMR XLIQSWX VIPMEFPIIWXMQEXI SJ XLI WXERHEVH HIZMEXMSR
JSVXLIGSRGVIXIFIMRKYWIHSRXLEXTVSNIGX%VIZMWIHZEPYI
SJ JGV [LMGLMWX]TMGEPP]PS[IVXLERXLISVMKMREPSRIGSYPH
XLIRFIGSQTYXIHERHYWIH
{'VMXIVMEJSVWXVIRKXLVIUYMVIQIRXW
8LIVIEVIWIZIVEPGVMXIVMEXLEXGERFIYWIHXSIRWYVIXLEXE
GSRGVIXIvW TIVJSVQERGI QIIXW XLI WTIGMJMG VIUYMVIQIRXW
1SWXWMQTP]XLMWMWHSRIF]VIUYMVMRKXLIEZIVEKIVIUYMVIH

%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK

+9-()83):%09%8-323*786)2+8,8)786)790873*'32'6)8)%'-6

WXVIRKXL JGV XSIUYEPSVI\GIIHXLIWTIGMJMIHWXVIRKXLJG F]E

QYPXMTPIGLSWIRXSVITVIWIRXXLITIVGIRXEKISJXIWXWEPPS[IH
XSFIHIJIGXMZISJXLIWXVIRKXLZEVMEXMSRXLEXJMRHWETPEGIMR
8EFPI[LMGLMW
JGV !JG  ^W

VIJIVXS)UF

%HIXEMPIHHMWGYWWMSRSJXLIGVMXIVMERIIHIHXSJYPP]YXMPM^IXLMW
XEFPI[MXLI\EQTPIWYWMRKXLIIUYEXMSRWMWTVIWIRXIHMR
%WXLIQYPXMTPIETTPMIHXSXLIWXVIRKXLZEVMEXMSRMRGVIEWIW
XLIPIWWPMOIP]MX[MPPFIXLEXERMRHMZMHYEPWXVIRKXLXIWX[MPP
I\GIIH JG 8LMWMWWIIRMR*MK[LMGLWLS[WXLEXJSVE
KMZIR WTIGMJMIH WXVIRKXL XLI EZIVEKI VIUYMVIH WXVIRKXL
SZIVHIWMKR MRGVIEWIW EW XLI ZEVMEXMSR I\TVIWWIH EW XLI
GSIJJMGMIRXSJZEVMEXMSRVMWIW
8LIWI IUYEXMSRW EPP VIUYMVI E VIPMEFMPMX] JEGXSV ZEPYI ^
[LMGLMWWIPIGXIHXSTVSZMHIEWYJJMGMIRXP]LMKLTVSFEFMPMX]
XLEX JG [MPPFIIUYEPIHSVI\GIIHIH*SVGSRGVIXIWLEZMRKE
RSVQEPHMWXVMFYXMSRSJWXVIRKXLXIWXVIWYPXWXLI^ZEPYI GERFI
XEOIRJVSQ 8EFPI8LIGSQTYXIHZEPYISJJGV [MPPFIXLI
WEQI JSV E KMZIR WIX SJ WXVIRKXL XIWX VIWYPXW VIKEVHPIWW SJ
[LIXLIV XLI GSIJJMGMIRX SJ ZEVMEXMSR SV WXERHEVH HIZMEXMSR
IUYEXMSRMWYWIH
8EFPI{1SHMJMGEXMSRJEGXSVWJSVWXERHEVH
HIZMEXMSR
2YQFIVSJXIWXW
*I[IVXLER



SVQSVI

8LI QMRMQYQ JGV  GER FI GSQTYXIH YWMRK 8EFPI  SV

ETTP]MRK )U   XLVSYKL   EW ETTVSTVMEXI [MXL XLI
GVMXIVMEPMWXIHMR8EFPI
;LIR E WTIGMJMGEXMSR VIUYMVIW E GSQFMREXMSR SJ XLI
EZIVEKIRYQFIVSJXIWXWWYGLEWXLIEZIVEKISJXLVIIGSRWIG
YXMZIXIWXWXLIWXERHEVHHIZMEXMSRSVGSIJJMGMIRXSJZEVMEXMSR
SJWYGLEREZIVEKI[MPPFIPS[IVXLERXLEXGSQTYXIHYWMRKEPP
MRHMZMHYEPXIWXVIWYPXW7IGXMSR 7XERHEVHHIZMEXMSR
SJEREZIVEKIMWGEPGYPEXIHF]HMZMHMRKXLIWXERHEVHHIZMEXMSR
7IGXMSR SJMRHMZMHYEPXIWXVIWYPXWF]XLIWUYEVIVSSX
SJXLIRYQFIVSJXIWXWR MRIEGLEZIVEKIMRXLIJSVQSJ
)U MR8EFPI
8LIZEPYISJRX]TMGEPP]WTIGMJMIHMW8LMWZEPYIWLSYPH
RSXFIGSRJYWIH[MXLXLIRYQFIVSJWXVIRKXLXIWXVIWYPXWYWIH
XS IWXMQEXI XLI QIER SV WXERHEVH HIZMEXMSR SJ XLI VIGSVH
8EFPI  TVSZMHIW ZEPYIW SJ ^ JSV ZEVMSYW TIVGIRXEKIW SJ
XIWXWJEPPMRKFIX[IIRXLIQIER^ ERHXLITVSFEFMPMX]EXIWX
[MPPJEPPFIPS[XLIQIERQMRYW^ )\EQTPIWEVIWLS[RMR
7IGXMSR
8LI EQSYRX F] [LMGL JGV  I\GIIHW JG  HITIRHW SR XLI
EGGITXERGIGVMXIVMEWTIGMJMIHJSVXLITEVXMGYPEVTVSNIGX8LI
I\EQTPIW XLEX JSPPS[ WLS[ LS[ HMJJIVIRX GVMXIVME QE] FI
YWIHXSHIXIVQMRIJGV JSVZEVMSYWWTIGMJMGEXMSRWSVIPIQIRXW
SJWTIGMJMGEXMSRW2YQIVMGEPI\EQTPIWEVITVIWIRXIHMRFSXL
MRGLTSYRH ERH 7-YRMXW MRE TEVEPPIP JSVQEX XLEXLEWFIIR

1SHMJMGEXMSRJEGXSVW
6IJIVXS8EFPI





8EFPISJ%'-

8EFPI{1MRMQYQVIUYMVIHEZIVEKIWXVIRKXL
[MXLSYXWYJJMGMIRXLMWXSVMGEPHEXE
6IUYMVIHEZIVEKI
GSQTVIWWMZIWXVIRKXL
JGV !JG TWM
JGV !JG 14E

7TIGMJMIHGSQTVIWWMZIWXVIRKXL
[LIR JG  TWMJG  14E

JGV !JG TWM

JGV !JG 14E

[LIR JG TWMERHJG TWM

JG 14EERHJG 14E

JGV !JG TWM

JGV !JG 14E

[LIR JG "TWMJG "14E

*MK {2SVQEP JVIUYIRG] GYVZIW JSV GSIJJMGMIRXW SJ

ZEVMEXMSRSJERH 

8EFPISJ%'-

8EFPI{)UYEXMSRWXSHIXIVQMRIQMRMQYQVIUYMVIHEZIVEKIWXVIRKXL
'VMXIVMSR
'VMXIVMSR
'VMXIVMSR
'VMXIVMSRj
1E\MQYQTIVGIRXSJ
1E\MQYQTIVGIRXSJ
1E\MQYQTIVGIRXSJQSZMRK 1E\MQYQTIVGIRXSJMRHMZMHYEP
MRHMZMHYEPXIWXW O SJJG
MRHMZMHYEPXIWXW JG EZIVEKISJRGSRWIGYXMZIXIWXW JG
XIWXW JG z O
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JGV !JG z^:

JGV !JG z^: R

JGV !JG z O z^:

JGV !OJG z^:

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7XERHEVHHIZMEXMSRJSVQYPE

JGV !JG ^W

JGV ! JG ^W R

JGV !JG z O ^W

JGV ! OJG  ^W

)UYEXMSRRYQFIV

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F

F

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'VMXIVMSRMWJSVJG TWM14E 

j'VMXIVMSRMWJSVJ "TWM14E 
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8EFPI{4VSFEFMPMXMIWEWWSGMEXIH[MXLZEPYIWSJ^

4IVGIRXEKIWSJXIWXW
[MXLMR^






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'SQQSRP]YWIHZEPYIW

LEVHGSRZIVXIHXLYWXLI]VIJPIGXXLIZEPYIWGSQQSRP]YWIH
MRXLIVIWTIGXMZIYRMXW]WXIQ%'-GSRXEMRWZEVMEXMSRWSJ
XLIWIIUYEXMSRW
 'VMXIVMSR 2S {8LI IRKMRIIV QE] WTIGMJ] E
QE\MQYQ TIVGIRXEKI SJ MRHMZMHYEP VERHSQ WXVIRKXL XIWX
VIWYPXWTIVQMXXIHXSJEPPFIPS[XLIJG 8LMWMWXLIJSVQSJQER]
MRXIVREXMSREP WTIGMJMGEXMSRW [LMGL XIRH XS YWI E VIPMEFMPMX]
JEGXSVSJMQTP]MRKEGGITXERGISJSRP]E JEMPYVIVEXI
8LMWGVMXIVMSRMWRSPSRKIVYWIHMR%'-FYXQE]SGGYVMR
WMXYEXMSRW[LIVIXLIEZIVEKIWXVIRKXLMWEJYRHEQIRXEPTEVXSJ
XLIHIWMKRQIXLSHSPSK]WYGLEWMRWSQITEZIQIRXWTIGMJMGE
XMSRW % X]TMGEP VIUYMVIQIRX TIVQMXW RS QSVI XLER 
WXVIRKXLXIWXWXSJEPPFIPS[JG 7TIGMJMIHWXVIRKXLMRXLIWIWMXY
EXMSRWKIRIVEPP]VERKIWJVSQXSTWMXS14E 
 'SIJJMGMIRXSJZEVMEXMSRQIXLSH{%WWYQIWYJJMGMIRX
HEXEI\MWXJSV[LMGLEGSIJJMGMIRXSJZEVMEXMSRSJ LEW
FIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM
14E *VSQ 8EFPI SJXLIRSVQEPTVSFEFMPMX]
HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI
QIER9WMRK)UE JVSQ8EFPI
JGV !JG z^:
JGV !z  !TWM
?JGV !z  !14EA
8LIVIJSVIJSVERJG SJTWM14E TVSTSVXMSRXLI
GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM
 14E  WS XLEX SR EZIVEKIRS QSVI XLER   SJ XLI
VIWYPXWJEPPFIPS[JG 
 7XERHEVHHIZMEXMSR QIXLSH{%WWYQI WYJJMGMIRX
HEXEI\MWXJSV[LMGLEWXERHEVHHIZMEXMSRSJTWM14E
LEWFIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJ
 TWM  14E  %GGSVHMRK XS 8EFPI    SJ XLI
RSVQEP TVSFEFMPMX] HMWXVMFYXMSR MW QSVI XLER  WXERHEVH
HIZMEXMSRWFIPS[XLIQIER9WMRK )UF JVSQ8EFPI
JGV

JG ^W

JGV !TWMTWM!TWM
?JGV !14E 14E!14EA

8STVSHYGIEGSRGVIXIQM\XYVI[MXLJG SJTWM14E

XLEXMWI\TIGXIHSREZIVEKIXSLEZIRSQSVIXLER SJXLI
XIWX VIWYPXW JEPP FIPS[ JG  XLI GSRGVIXI QM\XYVI WLSYPH FI
TVSTSVXMSRIHXSTVSHYGIEREZIVEKIWXVIRKXLSJRSPIWWXLER
TWM14E 
 'VMXIVMSR2S{8LIIRKMRIIVGERWTIGMJ]ETVSFEFMPMX]
XLEXEREZIVEKISJRGSRWIGYXMZIWXVIRKXLXIWXW[MPPJEPPFIPS[JG 
*SV I\EQTPI %'-  7IGXMSR  WXMTYPEXIW XLEX XLI
EZIVEKISJER]XLVIIGSRWIGYXMZIWXVIRKXLXIWXVIWYPXWWLSYPH
IUYEPSVI\GIIHJG 8LIJGV WLSYPHFIIWXEFPMWLIH[LIVI
JEMPYVIXSQIIXJG MWERXMGMTEXIHEXRSQSVIXLERMR
XMQIW 
 'SIJJMGMIRXSJZEVMEXMSRQIXLSH{%WWYQIWYJJMGMIRX
HEXEI\MWXJSV[LMGLE GSIJJMGMIRXSJZEVMEXMSRLEWFIIR
GEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM
 14E  *VSQ 8EFPI    SJ XLI RSVQEP TVSFEFMPMX]
HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI
QIER9WMRK)UE JVSQ8EFPI
JGV !JG ?z^: R A
JGV !TWM?z  A!TWM
?JGV !14E?z  A!14EA
8LIVIJSVIJSVETWM14E QM\XYVITVSTSVXMSRJSV
EREZIVEKIWXVIRKXLRSPIWWXLERTWM14E WSXLEX
SREZIVEKIRSQSVIXLER SJXLIQSZMRKEZIVEKISJXLVII
GSRWIGYXMZIWXVIRKXLXIWXVIWYPXWJEPPFIPS[JG 
 7XERHEVH HIZMEXMSR QIXLSH{%WWYQI WYJJMGMIRX
HEXEI\MWXJSV[LMGLEWXERHEVHHIZMEXMSRSJTWM14E
LEWFIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJ
 TWM  14E  *VSQ 8EFPI    SJ XLI RSVQEP
TVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRW
FIPS[XLIQIER9WMRK)UF JVSQ8EFPI
JGV !JG ^W R
JGV !TWM?TWM   A!TWM
JGV !14E?14E   A!14E
8LIVIJSVIJSVERJG SJTWM14E TVSTSVXMSRXLI
GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM
 14E  WS XLEX SR EZIVEKI RS QSVI XLER   SJ XLI
QSZMRKEZIVEKISJXLVIIWXVIRKXLXIWXVIWYPXWJEPPWFIPS[JG 
)UYEXMSRF JVSQ 8EFPI MWTVIWIRXIH MR HMJJIVIRX
JSVQ XLER )U   8EFPI  MR %'-  8LI ZEPYI
 MR %'-  MW IUYMZEPIRX XS ^ R  !    ! 
FIGEYWIFSXL^ERHREVIEPVIEH]WTIGMJMIH
 'VMXIVME2SERH{8LIIRKMRIIVQE]WTIGMJ]E
GIVXEMR TVSFEFMPMX] XLEX E VERHSQ MRHMZMHYEP WXVIRKXL XIWX
VIWYPX[MPPFIRSQSVIXLEREGIVXEMREQSYRXFIPS[JG *SV
I\EQTPI'VMXIVMSR2SMWYWIHMR%'-F]WXMTYPEXMRK
XLEXRSMRHMZMHYEPWXVIRKXLXIWXVIWYPXJEPPWFIPS[JG F]QSVI
XLER  TWM  14E  %R EPXIVREXMZI 'VMXIVMSR 2S  MW
ETTVSTVMEXI JSV GSRGVIXI [MXL JG  "  TWM  14E 

%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK

+9-()83):%09%8-323*786)2+8,8)786)790873*'32'6)8)%'-6

VIUYMVIW XLEX RS MRHMZMHYEP WXVIRKXL XIWX VIWYPX JEPPW FIPS[

 SJJG 8LIWIX[SGVMXIVMEEVIIUYMZEPIRXEXTWM
14E 8LIQMRMQYQZEPYISJJGV MWIWXEFPMWLIHWSXLEX
RSRGSRJSVQERGISJERMRHMZMHYEPVERHSQXIWXMWERXMGMTEXIH
RSQSVISJXIRXLERMRXMQIWMRIMXLIVGEWI
 'SIJJMGMIRXSJZEVMEXMSRQIXLSHJ G TWM
14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEGSIJJMGMIRX
SJ ZEVMEXMSR SJ   LEW FIIR GEPGYPEXIH JSV E GSRGVIXI
QM\XYVI[MXLERJG SJTWM14E *VSQ8EFPI
 SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLER
WXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)UE [MXL
OWIXXSTWM14E JVSQ8EFPI
JGV !JG zO z^:
JGV !TWMzTWM ?z A!TWM
?JGV !14Ez14E ?z A!14EA
8LIVIJSVIJSVERJG SJTWM14E TVSTSVXMSRXLI
GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM
 14E  WS XLEX SR EZIVEKI RS QSVI XLER   SJ XLI
MRHMZMHYEP WXVIRKXL XIWX VIWYPXW JEPP FIPS[ JG F] QSVIXLER
TWM14E 
 7XERHEVH HIZMEXMSR QIXLSH JG   TWM
14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEWXERHEVH
HIZMEXMSR SJ TWM  14E  LEW FIIR GEPGYPEXIH JSVE
GSRGVIXI QM\XYVI [MXL ER JG  SJ  TWM  14E  *VSQ
8EFPI SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVI
XLERWXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)UF
JVSQ8EFPI[MXLOWIXIUYEPXSTWM14E
JGV !JG zO ^W
JGV !TWMzTWM TWM !TWM
?JGV !14Ez14E 14E !14EA
8LIVIJSVIJSVEWTIGMJMIHGSQTVIWWMZIWXVIRKXLSJTWM
 14E  TVSTSVXMSR XLI GSRGVIXI QM\XYVI JSV ER EZIVEKI
WXVIRKXLRSPIWWXLERTWM14E WSXLEXSREZIVEKI
RSQSVIXLER SJXLIMRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPP
FIPS[ JG F]QSVIXLERTWM14E 
 'SIJJMGMIRXSJZEVMEXMSRQIXLSH JG "TWM
14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEGSIJJMGMIRX
SJ ZEVMEXMSR SJ   LEW FIIR GEPGYPEXIH JSV E GSRGVIXI
QM\XYVI[MXLERJG SJTWM14E *VSQ8EFPI
 SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLER
WXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)UE [MXLO
WIXIUYEPXSJVSQ8EFPI
JGV !JG z^:
JGV !TWM ?z A!TWM
?JGV !14E ?z A!14EA
8LIVIJSVIJSVERJG WXVIRKXLSJTWM14E TVSTSVXMSR
XLI GSRGVIXI QM\XYVI JSV ER EZIVEKI WXVIRKXL RS PIWW XLER



TWM14E WSXLEXSREZIVEKIRSQSVIXLER SJ

XLIMRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPPFIPS[JGV 
 7XERHEVH HIZMEXMSR QIXLSH JG "  TWM 
14E {%WWYQIEWXERHEVHHIZMEXMSRSJTWM14E LEW
FIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM
 14E  *VSQ 8EFPI    SJ XLI RSVQEP TVSFEFMPMX]
HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI
QIER9WMRK)UF [MXLOWIXIUYEPXSJVSQ8EFPI
JGV ! JG ^W
JGV !TWMTWM!TWM
?JGV !14E 14E !14EA
8LIVIJSVIJSVERJG SJTWM14E TVSTSVXMSRXLI
GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM
 14E  WS XLEX SR EZIVEKI RS QSVI XLER   SJ XLI
MRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPPFIPS[JG 
 1YPXMTPI GVMXIVME{-R QER] MRWXERGIW QYPXMTPI
GVMXIVME EVI WTIGMJMIH %'-  VIUYMVIW XLEX GSRGVIXI
WXVIRKXLW GSRJSVQ XS FSXL MRHMZMHYEP XIWX GVMXIVME ERH XLI
QSZMRKEZIVEKISJXLVIIXIWXGVMXIVME&IGEYWIFSXLGVMXIVME
EVI MR IJJIGX XLI VIUYMVIH JGV  WLSYPH QIIX SV I\GIIH EPP
VIUYMVIQIRXW XLEX MW JGV  WLSYPH FI XLI LMKLIWX WXVIRKXL
GEPGYPEXIH YWMRK EPP VIPIZERX GVMXIVME *SV I\EQTPI EWWYQI
WYJJMGMIRXHEXEI\MWXJSV[LMGLER GSIJJMGMIRXSJZEVMEXMSR
LEW FIIR GEPGYPEXIH JSV E GSRGVIXI QM\XYVI [MXL ER JG  SJ
 TWM14E 8LIVIUYMVIHEZIVEKIWXVIRKXLJSV XLMW
GSRGVIXIQM\XYVIWLSYPHQIIXFSXLSJXLIWIGVMXIVME
 -RHMZMHYEP WXVIRKXL GVMXIVMSR   JGV  ! 
JG z: !TWM14E ERH
 1SZMRK EZIVEKI SJ XLVII WXVIRKXL XIWXW GVMXIVMSR
  JGV !JG z:  !TWM14E 
1SZMRKEZIVEKIGVMXIVMSRKSZIVRWFIGEYWIMXTVSHYGIWXLI
PEVKIWX JGV XLEXMWTWM"TWM14E"14E 
ERH JGV WLSYPHFIXLIPEVKIVWXVIRKXLGEPGYPEXIHJSVXLIX[SGVMXIVME
',%48)6{):%09%8-323*(%8%
{+IRIVEP
8LIIZEPYEXMSRSJWXVIRKXLHEXEMWVIUYMVIHMRQER]WMXYE
XMSRW8LVIIGSQQSRP]VIUYMVIHETTPMGEXMSRWEVI
)ZEPYEXMSRJSVQM\XYVIWYFQMXXEPTYVTSWIW
)ZEPYEXMSRSJPIZIPSJGSRXVSPERH
)ZEPYEXMSRXSHIXIVQMRIGSQTPMERGI[MXLWTIGMJMGEXMSRW
8LIWIIZEPYEXMSRWEVIMQTSVXERXJSVMHIRXMJ]MRKHITEVXYVIW
JVSQ HIWMVIH XEVKIX ZEPYIW ERH [LIVI TSWWMFPI EWWMWXMRK
[MXL JSVQYPEXMRK ER ETTVSTVMEXI VIWTSRWI -R EPP GEWIW
YWIJYPRIWWSJXLIIZEPYEXMSRMWEJYRGXMSRSJXLIEQSYRXSJ
XIWXHEXEERHXLIWXEXMWXMGEPVMKSVSJXLIEREP]WMW%TTPMGEXMSRWJSV
VSYXMRIUYEPMX]GSRXVSPERHGSQTPMERGISZIVPETGSRWMHIVEFP]
1ER]IZEPYEXMSRXSSPWSVXIGLRMUYIWYWIHMRSRIETTPMGEXMSR
EVIETTVSTVMEXIJSVYWIMRERSXLIV
'LETXIV  [LMGL VIZMI[W XIGLRMUYIW ETTVSTVMEXI JSV
GSRGVIXIQM\XYVIWYFQMXXEPIZEPYEXMSRHMWGYWWIWXIGLRMUYIW
JSV VSYXMRI UYEPMX] GSRXVSP ERH GSQTPMERGI ETTPMGEXMSRW
'VMXIVME JSV VINIGXMRK HSYFXJYP VIWYPXW HIXIVQMRMRK XIWXMRK
JVIUYIRG]ERHKYMHIPMRIWJSVEHHMXMSREPXIWXTVSGIHYVIWEVI
EPWSHMWGYWWIH

%QIVMGER'SRGVIXI-RWXMXYXI'ST]VMKLXIH1EXIVMEP{[[[GSRGVIXISVK



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-XMWYWIJYPXSHIXIVQMRIXLIPMOIPMLSSHSJZEVMSYWSYXGSQIW
[LIRXLIVIMWEXQSWXE TVSFEFMPMX]SJEXIWXPIWWXLERJG
F]QSVIXLERTWM14E ERHEXQSWXE TVSFEFMPMX]
XLEX XLI QSZMRK EZIVEKI SJ XLVII GSRWIGYXMZI XIWXW [MPP FI
PIWWXLERJG 8LIQE\MQYQTVSFEFMPMX]XLEXEXPIEWXSRIIZIRX
[MPPSGGYV MR RMRHITIRHIRXXIWXWQE] FIIWXMQEXIHYWMRK
)U 0IQMRK
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