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9WIVvW+YMHI

1YPXM*SVQEX7[MXGLIV7]WXIQ
:SPYQI
WX)HMXMSR
7SJX[EVI:IVWMSRERH0EXIV
238-')8397)67
7SR]'SVTSVEXMSR%PPVMKLXWVIWIVZIH8LMW
QERYEPSVXLIWSJX[EVIHIWGVMFIHLIVIMRMR[LSPISVMR
TEVXQE]RSXFIVITVSHYGIHXVERWPEXIHSVVIHYGIHXS
ER]QEGLMRIVIEHEFPIJSVQ[MXLSYXTVMSV[VMXXIRETTVSZEP
JVSQ7SR]'SVTSVEXMSR

732='36436%8-32463:-()723;%66%28=
;-8,6)+%6(838,-71%29%08,)73*8;%6)
3638,)6-2*361%8-32'328%-2)(,)6)-2%2(
,)6)&=)<46)770=(-7'0%-17%2=-140-)(
;%66%28-)73*1)6',%28%&-0-8=36*-82)77
*36%2=4%68-'90%6496437);-8,6)+%6(83
8,-71%29%08,)73*8;%6)3679',38,)6
-2*361%8-32-223):)287,%00732=
'36436%8-32&)0-%&0)*36%2=-2'-()28%0
'327)59)28-%03674)'-%0(%1%+)7
;,)8,)6&%7)(328368'3286%'836
38,)6;-7)%6-7-2+3983*36-2'322)'8-32
;-8,8,-71%29%08,)73*8;%6)3638,)6
-2*361%8-32'328%-2)(,)6)-2368,)97)
8,)6)3*

7SR]'SVTSVEXMSRVIWIVZIWXLIVMKLXXSQEOIER]
QSHMJMGEXMSRXSXLMWQERYEPSVXLIMRJSVQEXMSRGSRXEMRIH
LIVIMREXER]XMQI[MXLSYXRSXMGI
8LIWSJX[EVIHIWGVMFIHLIVIMRQE]EPWSFIKSZIVRIHF]
XLIXIVQWSJEWITEVEXIYWIVPMGIRWIEKVIIQIRX
8EFPISJ'SRXIRXW

:SPYQI
'LETXIV 1:7*YRGXMSRW

-RXVSHYGXMSR 
*IEXYVIWSJXLI1:71YPXM*SVQEX7[MXGLIV7]WXIQ
&EWMG:MHIS4VSGIWWMRK
8VERWMXMSRW 
/I]W
;MTIW
(1);MTIW 
*VEQI1IQSV] 
'SPSV&EGOKVSYRHW
'ST]ERH7[ET
:MHIS4VSGIWW 
'SPSV'SVVIGXSV
7MHI*PEKW 
7MQTPI447SJX[EVI
'VIEXMSRSJ7TIGMEP)JJIGXWERH1EREKIQIRXSJ(EXEERH3TIVEXMSRW
(MKMXEP1YPXM)JJIGXW (1) 
)\XIVREP(IZMGIW
/I]JVEQIW 
7RETWLSXW
9XMPMX]
7LSXFS\
1EGVSW 
*MPIW 
7IXYT 

'LETXIV 1IRYWERH'SRXVSP4ERIP

2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP 
)\EQTPI'SRXVSP4ERIP'SRJMKYVEXMSR 
'VSWW4SMRX'SRXVSP&PSGO 
8VERWMXMSR'SRXVSP&PSGO
(IZMGI'SRXVSP&PSGO .S]WXMGO 

8EFPISJ'SRXIRXW 
/I]JVEQI'SRXVSP&PSGO 
2YQIVMG/I]TEH'SRXVSP&PSGO
%Y\MPMEV]&YW'SRXVSP&PSGO
1IRY'SRXVSP&PSGO 
1IQSV]'EVH97&%HETXSV&PSGO 
w1IQSV]7XMGOx97&'SRRIGXMSRW&PSGO 
/I]'SRXVSP&PSGO 1/7/I]'SRXVSP1SHYPI3TXMSR 
(IZMGI'SRXVSP&PSGO 1/78&8VEGOFEPP1SHYPI3TXMSR 
(IZMGI'SRXVSP&PSGO 1/7%7IEVGL(MEP1SHYPI3TXMSR 
9XMPMX]7LSXFS\'SRXVSP&PSGO 1/79XMPMX]7LSXFS\1SHYPI
3TXMSR 
(S[RWXVIEQ/I]'SRXVSP&PSGO 1/7(7/*EHIV1SHYPI
3TXMSR 
&EWMG1IRY3TIVEXMSRW 
1IRY3VKERM^EXMSR
%FSYXXLI8ST1IRY0MWX 
%GGIWWMRK1IRYW
(MWTPE]MRKE1IRY 
-RXIVTVIXMRKXLI1IRY7GVIIR 
1IRY3TIVEXMSRW 
7[MXGLMRK&IX[IIRXLI1EMR1IRY7MXIERH7YFWMHMEV]1IRY7MXI 
7LSVXGYX1IRY 

'LETXIV 7MKREP7IPIGXMSRERH8VERWMXMSRW

:MHIS4VSGIWWMRK*PS[ 
7MKREP7IPIGXMSR 
&EWMGWSJ7MKREP7IPIGXMSR 
&YW7IPIGXMSR 
7MKREP%WWMKRQIRXERH7IPIGXMSR 
7MKREP2EQI(MWTPE]
8VERWMXMSRW
7IPIGXMRKXLI2I\X8VERWMXMSR 
8VERWMXMSR8]TIW 
4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSR
/I]4VMSVMX]7IXXMRK
7IXXMRKXLI/I]4VMSVMX]MRXLI8VERWMXMSR'SRXVSP&PSGO
7IXXMRKXLI/I]4VMSVMX]F]E1IRY3TIVEXMSR
(MWTPE]SJXLI/I]3YXTYX7XEXYWERH/I]4VMSVMX] 
7IPIGXMRKXLI8VERWMXMSR8]TIF]E1IRY3TIVEXMSR 

 8EFPISJ'SRXIRXW
7YTIV1M\7IXXMRKW 
'SPSV1EXXI7IXXMRKW
)\IGYXMRKE8VERWMXMSR 
8VERWMXMSR-RHMGEXSV*YRGXMSR 
7IXXMRKXLI8VERWMXMSR6EXI 
4EXXIVR0MQMX
)\IGYXMRKER%YXS8VERWMXMSR
)\IGYXMRKE8VERWMXMSR;MXLXLI*EHIV0IZIV 1ERYEP8VERWMXMSR 
'SQFMREXMSRWSJ%YXSERH1ERYEP8VERWMXMSRW 
2SR7]RG7XEXI
*EHIV0IZIV3TIVEXMSRMR&YW*M\IH1SHI
8VERWMXMSR4VIZMI[ 
-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG-RHITIRHIRX/I]8VERWMXMSR3TIVEXMSRW
7IXXMRKXLI-RHITIRHIRX/I]8VERWMXMSR8]TIF]E1IRY3TIVEXMSR
7IXXMRKXLI-RHITIRHIRX/I]8VERWMXMSR6EXI

'LETXIV /I]W

3ZIVZMI[
/I]8]TIW
/I]1SHMJMIVW
/I]1IQSV]
/I](IJEYPX 
/I]7IXXMRK3TIVEXMSRW9WMRK1IRYW
/I]7IXXMRK1IRYW 
/I]8]TI7IXXMRK
'LVSQE/I]'SQTSWMXMSR
'LVSQE/I]%HNYWXQIRXW 
7IPIGXMRK/I]*MPPERH/I]7SYVGI 
/I])HKI1SHMJMGEXMSRW
1EWOW
%TTP]MRKE(1))JJIGXXSE/I] 
/I]1SHMJ]'PIEV
&PMRO*YRGXMSR 
:MHIS4VSGIWWMRK 
/I]7IXXMRK3TIVEXMSRW;MXLXLI'VSWW4SMRX'SRXVSP&PSGO
%TTP]MRKE(1))JJIGXXSE/I] 
/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
3TIVEXMSRWMRXLI/I]'SRXVSP&PSGO 

8EFPISJ'SRXIRXW 
/I])HKI1SHMJMGEXMSRW
1EWOW
%TTP]MRKE(1))JJIGXXSE/I] 
3XLIV/I]7IXXMRK3TIVEXMSRW 
6IWM^IV 
8[S(MQIRWMSREP8VERWJSVQEXMSRWSJ/I]W 
6IWM^IV-RXIVTSPEXMSR7IXXMRKW 
6IWM^IV'VST&SVHIV7IXXMRKW 
%TTP]MRK6IWM^IV)JJIGXW
/I]7RETWLSXW
/I]7RETWLSX3TIVEXMSRW 

'LETXIV ;MTIW

3ZIVZMI[
&EWMG4VSGIHYVIJSV;MTI7IXXMRKW 
;MTI7IXXMRKW1IRY 
;MTI4EXXIVR7IPIGXMSR 
7IXXMRK;MTI1SHMJMIVW 
;MTI1SHMJ]'PIEV
;MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG4VSGIHYVIJSV-RHITIRHIRX/I]8VERWMXMSR;MTI7IXXMRKW
7IXXMRK-RHITIRHIRX/I]8VERWMXMSR;MTI1SHMJMIVW 
;MTI7RETWLSXW
;MTI7RETWLSX3TIVEXMSRW;MXLXLI1IRYW 

'LETXIV (1);MTIW

3ZIVZMI[
8]TIWSJ(1);MTI4EXXIVR 
(1);MTI4EXXIVR:EVMEXMSRERH1SHMJMIVW
6IPEXMSR&IX[IIR(1);MTIWERH3XLIV)JJIGXW 
&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
(1);MTI7IXXMRKW1IRY 
(1);MTI4EXXIVR7IPIGXMSR 
7IXXMRK(1);MTI1SHMJMIVW 
(1);MTI1SHMJ]'PIEV
(1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG4VSGIHYVIJSV-RHITIRHIRX/I]8VERWMXMSR(1);MTI7IXXMRKW 

7IXXMRK-RHITIRHIRX/I]8VERWMXMSR(1);MTI1SHMJMIVW

 8EFPISJ'SRXIRXW
6IWM^IV(1);MTI7IXXMRK 
(1);MTI7RETWLSXW 
(1)7RETWLSX3TIVEXMSRW;MXLXLI1IRYW 
'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW 
9WIV4VSKVEQQEFPI(1)8VERWMXMSR1SHI 

'LETXIV *VEQI1IQSV]

3ZIVZMI[
7XMPP-QEKI3TIVEXMSRW 
4VITEVEXMSRW 
-RXIVTVIXMRKXLI*VEQI1IQSV]1IRY 
7IPIGXMRKER-RTYX-QEKI
7IPIGXMRK3YXTYXWERH8EVKIX*VEQI1IQSV] 
'ETXYVMRKERH7EZMRKER-RTYX-QEKI 
6IGEPPMRK7XMPP-QEKIW 
-QEKI4VSGIWWMRK
-QEKI3YXTYX
'SRXMRYSYWP]'ETXYVMRK7XMPP-QEKIW 6IGSVH 
6IGEPPMRKE'SRXMRYSYW7IUYIRGISJ7XMPP-QEKIW %RMQEXMSR 
*VEQI1IQSV]'PMT*YRGXMSR 
*VEQI1IQSV]'PMT3TIVEXMSRW
4VITEVEXMSRWJSV3TIVEXMSR 
6IGEPPMRK'PMTW 
'PMT4PE]FEGO 
'PMT'VIEXMSR 
'VIEXMRKERH,ERHPMRK*VEQI1IQSV]*SPHIVW
'PMT3YXTYX 
6IGSVHMRKERH4PE]FEGOSJ%RGMPPEV](EXE 
'PMT8VERWMXMSR3TIVEXMSRW
-QEKI(EXE1EREKIQIRX
4EMV*MPI4VSGIWWMRK 
1SZMRK*MPIW
(IPIXMRK*MPIW 
6IREQMRK*MPIW
)\XIVREP,EVH(MWO(VMZI%GGIWW 
,EVH(MWO*SVQEXXMRK
7EZMRK*MPIW 
6IGEPPMRK*MPIW 

8EFPISJ'SRXIRXW 
'LETXIV 'SPSV&EGOKVSYRHW'ST]ERH7[ETERH3XLIV7IXXMRKW
'SPSV&EGOKVSYRH 
'SPSV&EGOKVSYRH7IXXMRKW1IRY 
&EWMG'SPSV&EGOKVSYRH7IXXMRK3TIVEXMSRW
'ST]ERH7[ET 
'ST]ERH7[ET3TIVEXMSRW 
'ST]ERH7[ET1IRY3TIVEXMSRW
'ST]F]&YXXSR3TIVEXMSR 
1MWG1IRY3TIVEXMSRW
4SVX7IXXMRKWJSV'SRXVSP*VSQER)\XIVREP(IZMGI 
)HMXMRK/I]FSEVH7IXXMRKW
7EJI8MXPI7IXXMRKW 
(MWTPE]MRKE0MWXSJ8VERWMXMSR6EXIWERH'LERKMRKXLI7IXXMRKW
%9<1IRY3TIVEXMSRW 
%9<&YW7IXXMRKW 
7XEXYW1IRY 
6SYXIV'SRXVSP1IRY3TIVEXMSRW
'LIGOMRKXLI0MWXSJ-RTYXWJSV)EGL(IWXMREXMSR 
7[MXGLMRKXLI7SYVGIJSV)EGL(IWXMREXMSR
:MHIS4VSGIWW 
:MHIS4VSGIWW%HNYWXQIRXWSJE4VMQEV]-RTYX7MKREP 
:MHIS4VSGIWW%HNYWXQIRXWSRE4EVXMGYPEV&YW 
:MHIS4VSGIWW1IQSV] 
:MHIS4VSGIWW7IXXMRKW

'LETXIV 'SPSV'SVVIGXSV

4VITEVEXMSRW 
3ZIVEPP'SPSV'SVVIGXSV3TIVEXMSRW 
)REFPMRK'SPSV'SVVIGXSV 
'ST]ERH7[ET3TIVEXMSRW 
'SPSV'SVVIGXSV*YRGXMSRW 
-RTYX:MHIS4VSGIWWMRK3TIVEXMSRW 
4VMQEV]'SPSV'SVVIGXMSR3TIVEXMSRW 
7IGSRHEV]'SPSV'SVVIGXMSR3TIVEXMSRW 
6+&'PMT3TIVEXMSRW 
0YQMRERGI4VSGIWWMRK3TIVEXMSRW 
7TSX'SPSV%HNYWXQIRX 
3YXTYX:MHIS4VSGIWWMRK3TIVEXMSRW 
=9:'PMT3TIVEXMSRW 

 8EFPISJ'SRXIRXW
'LETXIV 7TIGMEP*YRGXMSRW
7MHI*PEKW
3ZIVZMI[ 
7MHI*PEK7IXXMRKW
;MTI%GXMSRSR-QEKIW;MXL7MHI*PEKW 
(1);MTI%GXMSRJSVER-QEKI;MXL7MHI*PEKW 
7MQTPI447SJX[EVI 
3ZIVZMI[ 
6IWXVMGXMSRWSR9WI
7MQTPI443YXTYX7MKREP7IPIGXMSRSRER1) 

%TTIRHM\ :SPYQI

;MTI4EXXIVR0MWX 
(1);MTI4EXXIVR0MWX 
(1);MTI4EXXIVRW%ZEMPEFPIMR3RI'LERRIP1SHI 
(1);MTI4EXXIVRW%ZEMPEFPIMR8[S'LERRIP1SHI
6IWM^IV(1);MTI4EXXIVR0MWX 
1IRY8VII 
6IGEPPMRK1IRYW
1)XS1)1IRYW 
4+14781IRY 
*VEQI1IQSV]1IRY
'SPSV&OKH1IRY 
%9<1321IRY
''61IRY
'ST]7[ET1IRY 
1MWG1IRY
7XEXYW1IRY 
(1)1IRY
+PSFEP)JJIGX1IRY 
(IZMGI1IRY 
1EGVS1IRY 
/I]*VEQI1IRY
)JJIGX1IRY 
7RETWLSX1IRY 
7LSXFS\1IRY 
*MPI1IRY 
)RKMRIIVMRK7IXYT1IRY 

8EFPISJ'SRXIRXW 
(MEKRSWXMG1IRY 

:SPYQI
'LETXIV (1)3TIVEXMSRW

(1)
8LVII(MQIRWMSREP8VERWJSVQEXMSRW
8VERWJSVQEXMSR3TIVEXMSR1SHIW 
+VETLMGW(MWTPE] 
8LVII(MQIRWMSREP4EVEQIXIV(MWTPE] 
8LVII(MQIRWMSREP8VERWJSVQEXMSR3TIVEXMSRW
&EWMG3TIVEXMSRW
8LVII(MQIRWMSREP4EVEQIXIV(MWTPE] 
)RXIVMRK8LVII(MQIRWMSREP4EVEQIXIV:EPYIW
+VETLMGW(MWTPE]3TIVEXMSR 
'ERGIPMRK:MVXYEP-QEKIW
(1)7TIGMEP)JJIGX3TIVEXMSRW 
7TIGMEP)JJIGXW 
3TIVEXMSRW'SQQSRXS%PP(1)7TIGMEP)JJIGXW 
&SVHIV7IXXMRKW 
'VST7IXXMRKW 
&IZIPIH)HKI7IXXMRKW
/I]&SVHIV7IXXMRKW 
%VX)HKI7IXXMRKW
*PI\7LEHS[7IXXMRKW 
(VST7LEHS[7IXXMRKW 
;MTI'VST7IXXMRKW 
'SPSV1M\7IXXMRKW 
(IJSGYW7IXXMRKW
&PYV7IXXMRKW 
1YPXM1SZI7IXXMRKW
7ITME7IXXMRKW 
1SRS7IXXMRKW
4SWXIVM^EXMSRERH7SPEVM^EXMSR7IXXMRKW 
2IKE7IXXMRKW
'SRXVEWX7IXXMRKW
1SWEMG7IXXMRKW 
7OIXGL7IXXMRKW 

 8EFPISJ'SRXIRXW
1IXEP7IXXMRKW
(MQERH*EHI7IXXMRKW 
+PS[7IXXMRKW 
1EWO7IXXMRKW 
*VII^I7IXXMRKW 
2SRPMRIEV)JJIGX7IXXMRKW 
0MKLXMRK7IXXMRKW 
8VEMP7IXXMRKW 
1SXMSR(IGE]7IXXMRKW 
/I]JVEQI7XVSFI7IXXMRKW
;MRH7IXXMRKW 
7TSXPMKLXMRK7IXXMRKW 
&EGOKVSYRH7IXXMRKW
7ITEVEXI7MHIW7IXXMRKW
7LETIH:MHIS7IXXMRKW
-RZIVX7IXXMRKW
/I](IRWMX]7IXXMRKW 
/I]7SYVGI7IPIGXMSR 
-RXIVTSPEXMSR7IXXMRKW 
+PSFEP)JJIGX3TIVEXMSRW 
'SQFMRIV7IXXMRKW 
7LEHS[7IXXMRKW 

'LETXIV )\XIVREP(IZMGIW

'SRXVSPSJ)\XIVREP(IZMGIW
7LEVIH*YRGXMSRWJSV)\XIVREP(IZMGI'SRXVSP 
'SRXVSPSJ4&YW(IZMGIW 
'VIEXMRKERH)HMXMRKXLI4&YW8MQIPMRI
4&YW8VMKKIV 
'SRXVSPSJ+4-(IZMGIW 
+4-8MQIPMRI'VIEXMSRERH)HMXMRK
'SRXVSPSJ:86W)\XIRHIH:86WERH(MWO6IGSVHIVW 
1ERYEP3TIVEXMSR
'SRXVSPPMRKXLI8ETI(MWO8VERWTSVX 
'LIGOMRK:86(MWO6IGSVHIV)\XIRHIH:86-RJSVQEXMSR 
'YIYT
4PE] 
:86(MWO6IGSVHIV)\XIRHIH:868MQIPMRI 
(MWO6IGSVHIV)\XIRHIH:86*MPI3TIVEXMSRW

8EFPISJ'SRXIRXW 
'LETXIV /I]JVEQI)JJIGXW
6IKMSRW
6IKMWXIVW 
/I]JVEQIW 
)JJIGXW
7EZMRKERH6IGEPPMRK)JJIGXW 
)JJIGX%XXVMFYXIW 
)JJIGX)HMXMRK 
8MQI7IXXMRKW
4EXLW 
)JJIGX)\IGYXMSR 
1EWXIV8MQIPMRIW 
7IUYIRGISJ/I]JVEQI3TIVEXMSRW
(MWTPE]MRKXLI8MQIPMRI1IRY 
-RXIVTVIXMRKXLI8MQIPMRI1IRY 
7IXXMRKWMRXLI8MQIPMRI1IRY 
6IGEPPMRKE6IKMWXIV
7TIGMJ]MRKXLI6IKMSRERH)HMX4SMRXW
7IPIGXMRKXLI6IKMSRMR;LMGL)HMXMRK%TTPMIW
7IXXMRKXLI)HMX4SMRXW 
'VIEXMRKERH)HMXMRK/I]JVEQIW 
'VIEXMSR 
-RWIVXMSR
1SHMJMGEXMSR 
(IPIXMSR 
1SZIQIRX
'ST]MRK 
4EYWI
/I]JVEQI0SST 6ITIEXIH)\IGYXMSRSJE7TIGMJMIH6ERKI 
9RHSMRKER)HMX3TIVEXMSR
(YVEXMSR1SHI7IXXMRK 
8VERWMXMSR1SHI7IXXMRKWJSV9WIV4VSKVEQQEFPI(1)
8MQI7IXXMRKW
7IXXMRKXLI/I]JVEQI(YVEXMSR
7IXXMRKXLI)JJIGX(YVEXMSR
7IXXMRKXLI(IPE] 
4EXL7IXXMRK 
&EWMG4VSGIHYVIJSV4EXL7IXXMRKW 
)\IGYXMRK)JJIGXW 

 8EFPISJ'SRXIRXW
)\IGYXMRK)JJIGXWMRXLI/I]JVEQI'SRXVSP&PSGO
7IXXMRKXLI6YR1SHI
7EZMRK)JJIGXW
'VIEXMRKERH7EZMRKE1EWXIV8MQIPMRI
'VIEXMRKERH7EZMRKE1EWXIV8MQIPMRI9WMRKXLI&YXXSRWMRXLI2YQIVMG
/I]TEH'SRXVSP&PSGO 
'VIEXMRKERH7EZMRKE1EWXIV8MQIPMRI;MXLXLI1IRY
6IKMWXIV3TIVEXMSRWMRXLI1IRYW
)JJIGX%XXVMFYXI7IXXMRKW 
)JJIGX7XEXYW(MWTPE] 
)JJIGX6IKMWXIV)HMXMRK 
(MWTPE]MRKE0MWXSJ)JJIGX6IKMWXIVWJSV)HMXMRK 

'LETXIV 7RETWLSXW

3ZIVZMI[
7RETWLSX8]TIW
7RETWLSX%XXVMFYXIW 
7RETWLSX3TIVEXMSRW*VSQXLI2YQIVMG/I]TEH'SRXVSP&PSGO 
7EZMRKERH6IGEPPMRK7RETWLSXW
7RETWLSX3TIVEXMSRWMRXLI1IRYW 
7IPIGXMRKE6IKMSRSV6IJIVIRGI6IKMSRMRE1IRY
7IXXMRK7RETWLSX%XXVMFYXIW 
7RETWLSX7XEXYW(MWTPE] 
7IXXMRK/I]7RETWLSX%XXVMFYXIW 
'VIEXMRKERH7EZMRKE1EWXIV7RETWLSX
7RETWLSX6IKMWXIV)HMXMRK 
(MWTPE]MRKE0MWXSJ7RETWLSX6IKMWXIVWJSV)HMXMRK 
3TIVEXMSRWMRXLI1MWG"7RETWLSXQIRY

'LETXIV 9XMPMX]7LSXFS\

9XMPMX])\IGYXMSR 
)\IGYXMRKE9XMPMX];MXLXLI9WIV4VIJIVIRGI&YXXSRW 1IRY'SRXVSP
&PSGO 
)\IGYXMRKE9XMPMX]MRXLI9XMPMX]7LSXFS\'SRXVSP&PSGO 1/7
9XMPMX]7LSXFS\1SHYPI3TXMSR 
7LSXFS\ 
7LSXFS\6IKMWXIV'VIEXMSR
'VIEXMRKE7LSXFS\6IKMWXIVMRXLI2YQIVMG/I]TEH'SRXVSP&PSGO
'VIEXMRKE7LSXFS\6IKMWXIV9WMRKXLI1IRYW 

8EFPISJ'SRXIRXW 
7LSXFS\)\IGYXMSR 
7LSXFS\)\IGYXMSR*VSQXLI2YQIVMG/I]TEH'SRXVSP&PSGO
7LSXFS\)\IGYXMSRMRXLI9XMPMX]7LSXFS\'SRXVSP&PSGO 1/7
9XMPMX]7LSXFS\1SHYPI3TXMSR 
7LSXFS\6IKMWXIV)HMXMRK 

'LETXIV 1EGVSW

1EGVSW 
3ZIVZMI[ 
1EGVS'VIEXMSRERH)HMXMRK 
1EGVS)\IGYXMSR 
1EGVS3TIVEXMSRWMRXLI2YQIVMG/I]TEH'SRXVSP&PSGOERHXLI/I]
JVEQI'SRXVSP&PSGO 
6IGEPPMRKE1EGVS6IKMWXIVERH)\IGYXMRKE1EGVS 
'VIEXMRKERH)HMXMRKE1EGVS 
7EZMRKE1EGVS
1EGVS)HMXMRK9WMRK1IRYW
1EGVS6IKMWXIV)HMXMRK 
3RPMRI)HMXMRKSJ1EGVS)ZIRXW
3JJPMRI)HMXMRKSJ1EGVS)ZIRXW 
1EGVS%XXEGLQIRX%WWMKRMRK
7IXXMRKERH'ERGIPMRKE1EGVS%XXEGLQIRX
(MWTPE]MRKXLI1EGVS%XXEGLQIRX0MWX 
)\IGYXMRKE1EGVSF]1EGVS%XXEGLQIRX
1IRY1EGVSW 
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8LMWW]WXIQWYTTSVXWFSXL,(8:ERH7(8:WMKREPJSVQEXW8LIJSVQEX
WIPIGXMSRGERFIW[MXGLIHF]EWMQTPIGSRXVSPTERIPSTIVEXMSR
*SVXLIWMKREPJSVQEXWXLEXGERFIWIPIGXIHWIIw7IXXMRKXLI7MKREP*SVQEXxMR
'LETXIV :SPYQI 

)\XIRWMFPIW]WXIQGSRJMKYVEXMSR
&]WYMXEFPIGSQFMREXMSRSJSTXMSRWXLIW[MXGLIVGERFIGSRJMKYVIH[MXL
ZEVMSYWMRTYXWERHSYXTYXWERHHMJJIVIRXRYQFIVWSJ1)FEROW8LIW]WXIQ
SJJIVWXLIJPI\MFMPMX]XSGLERKIERHI\TERHEWVIUYMVIH
%HHMXMSREPP]F]MRWXEPPMRKXLISTXMSREP1/7(1)&SEVH7IX]SYGER
SFXEMRXLIJYRGXMSREPMX]SJX[S(1)GLERRIPW

4S[IVJYPI\XIVREPHIZMGIMRXIVJEGIW
&]GSRRIGXMRKXSE7SR]VSYXMRKW[MXGLIVSVWMQMPEVEPEVKIW]WXIQGERFI
FYMPX*VSQXLIGSRXVSPTERIPMXMWEPWSTSWWMFPIXSSTIVEXISXLIVIUYMTQIRX
MRGPYHMRK:86WERHHMWOVIGSVHIVW

4S[IVJYPXEPP]W]WXIQ
8LIGSQTPIXIW]WXIQMRGPYHMRKVSYXMRKW[MXGLIVTVSZMHIWEREPPMRGPYWMZIXEPP]
W]WXIQ8LIW]WXIQGERFIEHETXIHXSHMJJIVIRXETTPMGEXMSRWERHWIXXMRKWYWMRK
QYPXMTPIXEPP]SYXTYXWMRGPYHMRKFSXLSREMVERHVIGSVHMRKXEPPMIW

'SQTVILIRWMZIZMHISQERMTYPEXMSR

1)FEROW
)EGLQM\IJJIGXWFERO 1)FERO MWIUYMTTIH[MXLJSYVOI]IVWERHIEGL
OI]IVMWGETEFPIRSXSRP]SJGLVSQEOI]MRKFYXEPWSMRHITIRHIRXOI]
XVERWMXMSRWWITEVEXIJVSQXLIFEGOKVSYRHXVERWMXMSRW8LIJSYVOI]WGERFI
JVIIP]GSQFMRIHXSGEVV]SYXJSYVHMJJIVIRXTVSKVEQSYXTYXW

 *IEXYVIWSJXLI1:71YPXM*SVQEX7[MXGLIV7]WXIQ
4S[IVJYPJVEQIQIQSV]JYRGXMSRW
%R,(8:W]WXIQGERLSPHETTVS\MQEXIP]WXMPPMQEKIJVEQIWSV
JVEQIWMR4JSVQEXERHER7(8:W]WXIQGERLSPHETTVS\MQEXIP]
JVEQIWMRMJSVQEXSVJVEQIWMRMJSVQEXMR
QIQSV]ERHYTXSIMKLXJVEQIWGERFIVIGEPPIHERHYWIHWMQYPXERISYWP]

0MROSTIVEXMSR[MXL(1)
9WMRKXLI1/7(1)&SEVH7IX STXMSR EVERKISJ(1)JYRGXMSRW
MRGPYHMRK(1)[MTIWERHTVSGIWWIHOI]WGERFILERHPIHEWW[MXGLIV
JYRGXMSRW
=SYGERYWIEQE\MQYQSJX[S(1)GLERRIPW

(IWMKRIHJSVYWIMREPMZIFVSEHGEWXMRKIRZMVSRQIRX

,MKLTIVJSVQERGIYWIVMRXIVJEGI
8LIQIRYGSRXVSPFPSGOTVSZMHIWEPEVKIGSPSV0'(TERIP[MXLVETMHXSYGL
TERIPQIRYWIPIGXMSR
8LIWSYVGIREQIHMWTPE]WLEZIGSPSVFEGOPMX0'(HMWTPE]W8LIWMKREPREQIW
ERHKVETLMGEPVITVIWIRXEXMSRWSJXLITEXXIVRWEWWSGMEXIH[MXLFYXXSRWTVSZMHI
MRXYMXMZIJIIHFEGOERHEPPS[XLIMQQIHMEXIHIGMWMSRWXLEXEVIVIUYMVIHMREPMZI
STIVEXMRKIRZMVSRQIRX

*IEXYVIWSJXLI1:71YPXM*SVQEX7[MXGLIV7]WXIQ 
&EWMG:MHIS4VSGIWWMRK

8LMWWIGXMSRMRXVSHYGIWFEWMGJYRGXMSRWYWIHJSVZMHISTVSGIWWMRKSRXLI
W[MXGLIV

8VERWMXMSRW
-RXLI1)FEROWERH4+1478FEROXLIW[MXGLJVSQXLIGYVVIRXZMHISWXVIEQ
ETTIEVMRKSRXLIGSVVIWTSRHMRKTVSKVEQQSRMXSV XSERI[ZMHISWXVIEQMW
VIJIVVIHXSEWEXVERWMXMSR
-RXLI1)FEROWERH4+1478FERO]SYGERGLERKISRISJXLIMQEKIWXLI
FEGOKVSYRHERHOI]WXS HS[RWXVIEQOI]WXSMRXLI4+1478FERO 
ERHEPWSZEV]GSQFMREXMSRWSJXLIWIWMQYPXERISYWP]
8LIJSPPS[MRKEVII\EQTPIWSJXVERWMXMSR

'LERKMRKXLIFEGOKVSYRH
%FEGOKVSYRHXVERWMXMSRW[MXGLIWJVSQXLIZMHISGYVVIRXP]WIPIGXIHSRXLI
FEGOKVSYRH%FYW XLIGYVVIRXZMHIS XSXLIZMHISWIPIGXIHSRXLIFEGOKVSYRH
&FYW XLIRI[ZMHIS 

8VERWMXMSR

&EGOKVSYRH% &EGOKVSYRH&

-RXLIHIJEYPXWIPIGXMSRSJJPMTJPSTQSHI WIITEKI XLIFEGOKVSYRH


EP[E]WW[MXGLIWMRXLIHMVIGXMSRJVSQXLI%FYWXSXLI&FYW;LIRXLI
XVERWMXMSRGSQTPIXIWXLIGVSWWTSMRXWIPIGXMSRWSRXLI%ERH&FYWIWEVI
MRXIVGLERKIH

 &EWMG:MHIS4VSGIWWMRK
-RWIVXMRKERHHIPIXMRKEOI]
=SYGERMRWIVXSRISVQSVISJXLIJSYVOI]W HS[RWXVIEQOI]WSRXLI4+1
478FERO 
-J]SYWIPIGXEOI][LMGLMWEPVIEH]MRWIVXIHXLIXVERWMXMSR[MPPHIPIXIXLIOI]
%WMQYPXERISYWGSQFMREXMSRSJHIPIXMRKERHMRWIVXMRKOI]WMWEPWSTSWWMFPI

/I]

-RWIVX

(IPIXI

/I]

-RWIVXMRKSVHIPIXMRKOI]ERHOI]

/I]

8VERWMXMSR

/I]

(IPIXMRKOI]ERHMRWIVXMRKOI]

&EWMG:MHIS4VSGIWWMRK 
7MQYPXERISYWP]GLERKMRKXLIFEGOKVSYRHERHOI]W
=SYGERGLERKIER]SJXLIJSYVOI]W HS[RWXVIEQOI]WSRXLI4+1478FERO 
ERHXLIFEGOKVSYRHEXXLIWEQIXMQI

/I]

8VERWMXMSR

/I]

'LERKMRKXLIFEGOKVSYRHERHOI]WMQYPXERISYWP]

/I]

8VERWMXMSR

/I] /I] /I]

'LERKMRKXLIFEGOKVSYRHERHOI]WXSWMQYPXERISYWP]

7IPIGXMRKXLIXVERWMXMSRX]TIHIXIVQMRIWXLI[E]MR[LMGLXLIXVERWMXMSRSGGYVW
8LIJSPPS[MRKEVIXLIXVERWMXMSRX]TI
e 1M\
e 2%1 RSREHHMXMZIQM\
e 7YTIVQM\
e 4VIWIXGSPSVQM\ GSPSVQEXXI
e ;MTI
e (1)[MTI
e 'PMTXVERWMXMSR
e 'YX

 &EWMG:MHIS4VSGIWWMRK
8LIVIEVIX[SQSHIWJSVGEVV]MRKSYXEXVERWMXMSREYXSXVERWMXMSRWEVIGEVVMIH
SYXF]EFYXXSRSTIVEXMSRERHQERYEPXVERWMXMSRWEVIGEVVMIHSYXYWMRKXLIJEHIV
PIZIV-XMWEPWSTSWWMFPIXSGSQFMRIXLIWIX[SQSHIW

-RHITIRHIRX/I]8VERWMXMSRW
-REHHMXMSRXSGSQQSRXVERWMXMSRWMXMWTSWWMFPIXSGEVV]SYXMRHITIRHIRX
XVERWMXMSRWSRXLIOI]IVWSJXLI1)FEROWERH4+1478FERO8LIWIEVI
GEPPIHwMRHITIRHIRXOI]XVERWMXMSRWx
&]GEVV]MRKSYXERMRHITIRHIRXOI]XVERWMXMSRMRGSQFMREXMSR[MXLEGSQQSR
XVERWMXMSRHMJJIVIRXXVERWMXMSRX]TIWGERFIYWIHJSVXLIFEGOKVSYRHERHOI]W
8LIJSPPS[MRKHIWGVMTXMSRGSQTEVIWXLIMRHITIRHIRXOI]XVERWMXMSR[MXLE
GSQQSRXVERWMXMSRXEOMRKEWMQYPXERISYWGLERKISJXLIFEGOKVSYRHERHOI]
EWERI\EQTPI

:MHISYWIHMRXLIXVERWMXMSR

&EGOKVSYRH% &EGOKVSYRH& /I]XSMRWIVX

)JJIGXSJEGSQQSRXVERWMXMSR
-RXLIGEWIWLS[RMRXLITVIZMSYWMPPYWXVEXMSRGEVV]MRKSYXEGSQQSRXVERWMXMSR
TVSHYGIWXLIJSPPS[MRKGLERKIMRXLIMQEKI

8VERWMXMSRX]TI[MTI 7EQI[MTIMWETTPMIHXS
FEGOKVSYRHERHOI]

)JJIGXSJEGSQQSRXVERWMXMSR

&EWMG:MHIS4VSGIWWMRK 
)JJIGXSJYWI[MXLERMRHITIRHIRXOI]XVERWMXMSR
8LIOI]MWMRWIVXIH[MXLERMRHITIRHIRXOI]XVERWMXMSREWXLIFEGOKVSYRH
GLERKIW[MXLEGSQQSRXVERWMXMSRTVSZMHMRKXLIJSPPS[MRKVIWYPX

8VERWMXMSRX]TI -RHITIRHIRXOI] (MJJIVIRX[MTITEXXIVRWEVIETTPMIHXS


[MTI XVERWMXMSRX]TI XLIFEGOKVSYRHERHOI]XVERWMXMSRW
[MTI

)JJIGXSJEFEGOKVSYRHXVERWMXMSRERHMRHITIRHIRXOI]XVERWMXMSR

*SVHIXEMPWSJXVERWMXMSRWWII'LETXIVw7MKREP7IPIGXMSRERH8VERWMXMSRWx
TEKI 

/I]W
%OI]MWERIJJIGXMR[LMGLETEVXSJXLIFEGOKVSYRHMQEKIMWVITPEGIHF]ER
MQEKISVWYTIVMQTSWIHXI\X8LIWMKREPHIXIVQMRMRKLS[XLIFEGOKVSYRHMWGYX
SYXMWXIVQIHwOI]WSYVGIxERHXLIWMKREPXLEXVITPEGIWXLIGYXSYXTEVXMW
XIVQIHwOI]JMPPx8LIW]WXIQGSQTSRIRXVIWTSRWMFPIJSVTVSGIWWMRKEOI]MW
VIJIVVIHXSEWEOI]IV
)EGLW[MXGLIVFEROLEWJSYVOI]IVW

3RIEGLW[MXGLIVFERO]SYGERYWIXLIJSPPS[MRKOI]X]TIW QIXLSHWSJ
TVSGIWWMRKXLIOI]WSYVGI 
e 0YQMRERGIOI]
e 0MRIEVOI]
e 'SPSVZIGXSVOI]
e 'LVSQEOI]
e /I][MTITEXXIVROI]

/I]QSHMJMIVW
=SYGERETTP]FSVHIVWERHSXLIVQSHMJMIVWXSXLIIHKISJXLIOI]MQEKI

 &EWMG:MHIS4VSGIWWMRK
1EWOW
%QEWOEPPS[WETEVXSJXLIMQEKIXSFIVITPEGIHF]XLIFEGOKVSYRHSVEOI]
8STVIZIRXYR[ERXIHLSPIWMRXLIFEGOKVSYRHSVMJEOI]MWRSXXLIHIWMVIH
WLETI]SYGERGSVVIGXXLMW[MXLEQEWO

6IWM^IV
8LMWJYRGXMSREPPS[W]SYXSETTP]IJJIGXWWMQMPEVXSE(1)WYGLEW^SSQ
QSZIQIRXSVEWTIGXVEXMSGLERKIXSETEVXSJEGVIEXIHOI]=SYGERYWIXLI
JSPPS[MRKSTIVEXMSRW
e 8[SHMQIRWMSREPXVERWJSVQSJEOI]
e 6IWM^IVMRXIVTSPEXMSRWIXXMRKW
e 6IWM^IVGVSTFSVHIVWIXXMRKW
e 6IWM^IVIJJIGXWIXXMRKW QSWEMGHIJSGYW
*SVHIXEMPWWII'LETXIVw/I]Wx TEKI 

;MTIW
%[MTIMWEXVERWMXMSRJVSQXLIGYVVIRXZMHISWXVIEQXSERI[ZMHISWXVIEQ
YWMRKE[MTITEXXIVR
'LERKMRKXLIFEGOKVSYRHF]QIERWSJE[MTIMWVIJIVVIHXSEWEwFEGOKVSYRH
[MTIxERHMRWIVXMRKSVHIPIXMRKEOI][MXLE[MTIMWXIVQIHEwOI][MTIx
8LIVIEVIX[SX]TIWSJ[MTIXLSWIXLEXGERFIWIPIGXIHMREGSQQSRXVERWMXMSR
ERHXLSWIXLEXGERFIWIPIGXIHMRERMRHITIRHIRXOI]XVERWMXMSR

=SYGEREPWSWTIGMJ]XLI[MTIHMVIGXMSRSVWIXXLITEXXIVRTSWMXMSRETTP]MRK
ZEVMSYWGLERKIWERHQSHMJMIVWXSXLIWIPIGXIH[MTITEXXIVR
*SVHIXEMPWWII'LETXIVw;MTIWx TEKI 

(1);MTIW
%(1)[MTIMWE[MTIXVERWMXMSRXLEXYWIWE(1)IJJIGXXSGLERKIJVSQSRI
ZMHISMQEKIXSXLIRI\X
8LIVIEVIX[SX]TIWSJ(1)[MTIXLSWI[LMGLGERFIWIPIGXIHJSVERSVQEP
XVERWMXMSRERHXLSWI[LMGLGERFIWIPIGXIHJSVERMRHITIRHIRXOI]XVERWMXMSR

8LITEXXIVRWXLEXGERFIYWIHJSVE(1)[MTIEVIEWJSPPS[W
7PMHI7UYII^I(SSV*PMTXYQFPI*VEQIMRSYX4MGXYVIMRTMGXYVI(
XVERW(XVERW1SWEMG(IJSGYW&VMGOERH9WIVTVSKVEQQEFPI(1)

&EWMG:MHIS4VSGIWWMRK 
=SYGEREPWSWTIGMJ]XLI[MTIHMVIGXMSRSVWIXXLITEXXIVRTSWMXMSRETTP]MRK
ZEVMSYWGLERKIWERHQSHMJMIVWXSXLIWIPIGXIH(1)[MTITEXXIVR

6IWM^IV(1)[MTIW
9WMRKXLIVIWM^IV]SYGERGEVV]SYXOI](1)[MTIW
*SVHIXEMPWWII'LETXIVw(1);MTIWx TEKI 

*VEQI1IQSV]
*VEQIQIQSV]MWEJYRGXMSRJSVYWMRKEWXMPPMQEKISVZMHIS JVEQIQIQSV]
GPMT EWQEXIVMEPJSVIHMXMRK
=SYGERGVIEXIEWXMPPMQEKIF]GETXYVMRKEJVEQISJMRTYXZMHISSVEGPMTF]
WTIGMJ]MRKEVERKISJMRTYXZMHIS8LIGVIEXIHMQEKIWERHGPMTWGERFI[VMXXIR
XSQIQSV]JSVTPE]FEGOIHMXMRKERHSYXTYX
*SVHIXEMPWWII'LETXIVw*VEQI1IQSV]x TEKI 

'SPSV&EGOKVSYRHW
8LMWJYRGXMSRGERFIYWIHXSSFXEMRGSPSVFEGOKVSYRHZMHIS
3RIGSPSVWMKREPKIRIVEXIHJVSQXLIHIHMGEXIHKIRIVEXSVWGERFISYXTYX
*SVHIXEMPWWIIw'SPSV&EGOKVSYRHx TEKI 

'ST]ERH7[ET
8LMWJYRGXMSRGERFIYWIHXSGST]ERHW[ETXLIWIXXMRKWEQSRKXLI1)XS
1)ERH4+1478FEROWSVFIX[IIROI]IVW
8LIJSPPS[MRKWIXXMRKWGERFIGSTMIHSVW[ETTIH
e 3ZIVEPPWIXXMRKWJSVXLI1)ERH4+1478FEROW
e /I]IVWIXXMRKW
e ;MTIWIXXMRKWMREXVERWMXMSRGSRXVSPFPSGO
e ;MTIWIXXMRKWMRERMRHITIRHIRXOI]XVERWMXMSRGSRXVSPFPSGO
e (1)[MTIWIXXMRKWMREXVERWMXMSRGSRXVSPFPSGO
e (1)[MTIWIXXMRKWMRERMRHITIRHIRXOI]XVERWMXMSRGSRXVSPFPSGO
e 1EXXIHEXE GSPSVGSPSVERHLS[XSGSQTSWIXLIQ
e 'SPSVWIXXMRKW
e (1)GLERRIPWIXXMRKW
e *SVQEXGSRZIVXIVMRTYXWIXXMRKW GST]SRP]
e *SVQEXGSRZIVXIVSYXTYXWIXXMRKW GST]SRP]

 &EWMG:MHIS4VSGIWWMRK
*SVHIXEMPWWIIw'ST]ERH7[ETx TEKI 

:MHIS4VSGIWW
8LIXIVQwZMHISTVSGIWWxMWETTPMIHXSEHNYWXQIRXWXSXLIKEMRLYIFPEGOPIZIP
SJXLIMRTYXZMHISWMKREP8LIVIEVIX[SX]TIWSJEHNYWXQIRXEHNYWXQIRXSJER
MRHMZMHYEPTVMQEV]MRTYXWMKREPERHEHNYWXQIRXEWMQEKIIJJIGXWSRETEVXMGYPEV
FYW
*SVHIXEMPWWIIw:MHIS4VSGIWWx TEKI 

'SPSV'SVVIGXSV
8LIGSPSVGSVVIGXSVIREFPIWZMHISWMKREPGSPSVGSVVIGXMSR FPEGOFEPERGI[LMXI
FEPERGIEHNYWXQIRXKEQQEGSVVIGXMSRORIIGSVVIGXMSRIXG 
8LIGSPSVGSVVIGXSVMRGPYHIWXLIJSPPS[MRKEHNYWXQIRXW
e -RTYXZMHISTVSGIWWMRK
e 4VMQEV]GSPSVGSVVIGXMSR
e 7IGSRHEV]GSPSVGSVVIGXMSR
e 6+&GPMT
e 0YQMRERGITVSGIWWMRK
e 7TSXGSPSVEHNYWXQIRX
e 3YXTYXZMHISTVSGIWWMRK
e =9:GPMT
*SVHIXEMPWWII'LETXIVw'SPSV'SVVIGXSVx TEKI 

7MHI*PEKW
8LIXIVQwWMHIJPEKWxVIJIVWXSXLIEVIEWXSPIJXERHVMKLXSJERMQEKI[MXLEWTIGX
VEXMSIQFIHHIH[MXLMREJVEQI[LIRXLIWIEVIEWEVIJMPPIH[MXLE
WITEVEXIMQEKIWIPIGXIHJVSQXLIYXMPMX]FYW

&EWMG:MHIS4VSGIWWMRK 
-QEKIXSJMPPXLIWMHIJPEK -RTYXWSYVGI[MXLEWTIGXVEXMS
EVIEW WIPIGXIHJVSQYXMPMX]
FYW
8YVRXLIWMHIJPEK
JYRGXMSRSR

7MHIJPEKEVIE 7MHIJPEKEVIE

*SVHIXEMPWWIIw7MHI*PEKWx TEKI 

7MQTPI447SJX[EVI
&]MRWXEPPMRKXLI&>77MQTPI447SJX[EVIMRXLI1:77[MXGLIV
4VSGIWWSV]SYGERYWIEWITEVEXITVSKVEQTVIWIXJYRGXMSR[MXLSYXYWMRKXLI1
)LEVH[EVI
*SVHIXEMPWWIIw7MQTPI447SJX[EVIx TEKI 

 &EWMG:MHIS4VSGIWWMRK
'VIEXMSRSJ7TIGMEP)JJIGXWERH
1EREKIQIRXSJ(EXEERH3TIVEXMSRW

8LMWWIGXMSRMRXVSHYGIWJYRGXMSRWYWIHJSVGVIEXMSRSJWTIGMEPIJJIGXWGSRXVSPSJ
I\XIVREPHIZMGIWSVW[MXGLIVSTIVEXMSRWERHHEXEQEREKIQIRX

(MKMXEP1YPXM)JJIGXW (1)
;LIRYWIH[MXLXLIW[MXGLIV(1)EPPS[W]SYXSEHHXLVIIHMQIRWMSREP
IJJIGXWWYGLEWMQEKIQSZIQIRXVSXEXMSRQEKRMJMGEXMSRERHWLVMROMRKEW[IPP
EWE[MHIZEVMIX]SJWTIGMEPIJJIGXW
)EGLGLERRIPGERFIYWIHSRMXWS[RSVMRGSQFMREXMSR[MXLSXLIVGLERRIPW
[LMGLEPPS[W]SYXSGVIEXIEHZERGIHIJJIGXW[MXLQSVIGSQTPI\MX]

8LIJSPPS[MRKX]TIWSJ(1)WTIGMEPIJJIGXWEVIEZEMPEFPI
e )HKIIJJIGXW&SVHIV'VST&IZIPIH)HKI/I]&SVHIV%VX)HKI*PI\
7LEHS[(VST7LEHS[
e )JJIGXWJSVIRXMVIMQEKI(IJSGYW&PYV1YPXM1SZI
e )JJIGXWJSVZMHISMQEKI7ITME1SRS4SWXIVM^EXMSR7SPEVM^EXMSR2IKE
'SRXVEWX1SWEMG1EWO7OIXGL1IXEP(MQERH*EHI+PS[
y *VII^IIJJIGXW
e 2SRPMRIEVIJJIGXW;EZI1SWEMG+PEWW*PEK8[MWX6MTTPI6MRKW&VSOIR
+PEWW*P]MRK&EV&PMRH7TPMX7TPMX7PMHI1MVVSV1YPXM1MVVSV
/EPIMHSWGSTI0IRW'MVGPI4ERSVEQE4EKI8YVR6SPP']PMRHIV7TLIVI
)\TPSWMSR7[MVP1IPX'LEVEGXIV8VEMP
e 0MKLXMRKIJJIGXW0MKLXMRK7TSXPMKLXMRK
e 6IGYVWMZIIJJIGXW8VEMP1SXMSR(IGE]/I]JVEQI7XVSFI
e &EGOKVSYRHGSPSV
e 7ITEVEXI7MHIW IJJIGXWJSVJVSRXERHFEGOWMHIW
e 7MKREPMRZIVWMSR -RZIVXIJJIGX
e /I]HIRWMX]EHNYWXQIRX
e /I]WSYVGIWIPIGXMSR

+PSFEPIJJIGXW
+PSFEPIJJIGXWEVIWTIGMEPIJJIGXWGVIEXIHF]GSQFMRMRKXLIMQEKIWSJ
WYGGIWWMZIGLERRIPW8LIJSPPS[MRKX]TIWSJKPSFEPIJJIGXWEVIEZEMPEFPI
e 'SQFMRIV
e &VMGO
e 7LEHS[
*SVHIXEMPWWII'LETXIVw(1)x :SPYQI 

'VIEXMSRSJ7TIGMEP)JJIGXWERH1EREKIQIRXSJ(EXEERH3TIVEXMSRW 
)\XIVREP(IZMGIW
-RXLMWW]WXIQ]SYGERSTIVEXI[LMPIGSRXVSPPMRKXLIJSPPS[MRKX]TIWSJ
I\XIVREPHIZMGI
e (IZMGIWWYTTSVXMRK4&YW 4IVMTLIVEP--TVSXSGSP
e (IZMGIWWYTTSVXMRK+4-
e :86W
e (MWOVIGSVHIV 7SR]HMWOTMRTVSXSGSPERHZMHISHMWOGSQQYRMGEXMSRW
TVSXSGSP
e )\XIRHIH:86 %FIOEW%TVSXSGSP
*SVHIXEMPWSRXLIHIZMGIWXLEXGERFIGSRRIGXIHGSRWYPX]SYV7SR]
VITVIWIRXEXMZI

=SYGERGSRXVSPERI\XIVREPHIZMGIF]TVIZMSYWP]VIKMWXIVMRKXMQIPMRI
OI]JVEQIW
*SVHIXEMPWWII'LETXIVw)\XIVREP(IZMGIWx :SPYQI 

/I]JVEQIW
%OI]JVEQIVITVIWIRXWERMRWXERXERISYWWXEXISJERMQEKIMXGERFIWEZIHMRE
VIKMWXIV WIIw6IKMWXIVxMR'LETXIV :SPYQI ERHVIGEPPIHJSVVIYWI
&]EVVERKMRKERYQFIVSJOI]JVEQIWSRXLIXMQIE\MWERHMRXIVTSPEXMRK
FIX[IIRWYGGIWWMZIOI]JVEQIW]SYGERGVIEXIERIJJIGXMR[LMGLXLIVIMWE
GSRXMRYSYWGLERKIJVSQIEGLOI]JVEQIXSXLIRI\X

 'VIEXMSRSJ7TIGMEP)JJIGXWERH1EREKIQIRXSJ(EXEERH3TIVEXMSRW
8LIJSPPS[MRKJMKYVIWLS[WXLVIIOI]JVEQIWGVIEXIH[MXLE[MTITEXXIVR XLI
GMVGPI MRHMJJIVIRXTSWMXMSRW8LMWMWMRXIVTSPEXIHXSGVIEXIXLIIJJIGXWLS[R

&EGOKVSYRH% -RXIVTSPEXIHMQEKIW
&EGOKVSYRH&

/I]JVEQI /I]JVEQI /I]JVEQI

)JJIGXI\IGYXMSR

)\EQTPISJOI]JVEQIWERHIJJIGXI\IGYXMSR

=SYGERWEZIXLIWIUYIRGISJOI]JVEQIWVITVIWIRXMRKEWMRKPIIJJIGXMRE
VIKMWXIV8LIRF]VIGEPPMRKXLMWVIKMWXIV]SYGERVITPE]XLIWEQIIJJIGX
*SVHIXEMPWWII'LETXIVw/I]JVEQI)JJIGXWx :SPYQI 

7RETWLSXW
8LIXIVQwWRETWLSXxVIJIVWXSEJYRGXMSR[LIVIF]XLIZEVMSYWWIXXMRKWVIUYMVIH
XSETTP]ETEVXMGYPEVIJJIGXXSERMQEKIEVIWEZIHMREVIKMWXIVEWEWIXSJHEXE
JSVVIGEPPEWVIUYMVIHXSVIGSZIVXLISVMKMREPWXEXI

7RETWLSXWEVIHMZMHIHEWJSPPS[W
e 7RETWLSXWETTP]MRKXSETEVXMGYPEVVIKMSR JYRGXMSREPFPSGOSJXLIW[MXGLIVSV
(1)
e 1EWXIVWRETWLSX
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e ;MTIWRETWLSX
e (1)[MTIWRETWLSX

%RMRHMZMHYEPWRETWLSXQE]EPWSLEZIEXXEGLIHWTIGMEPGSRHMXMSRWVIPEXMRKXS
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8LIWIGSRHMXMSRWEVIGEPPIHwEXXVMFYXIWxSJXLIWRETWLSXERHGERFIEHHIH[LIR
XLIWRETWLSXMWWEZIHSVVIGEPPIH
*SVHIXEMPWWII'LETXIVw7RETWLSXWx :SPYQI 

9XMPMX]
8LIYXMPMX]JYRGXMSRVIJIVWXSEJYRGXMSR[LIVIF]]SYGEREWWMKREREVFMXVEV]
EGXMSRSVEWLSVXGYXJSVJVIUYIRXP]YWIHQIRYXSETEVXMGYPEVFYXXSRXLIR
MRWXERXP]VIGEPPXLIEGXMSRSVQIRYF]TVIWWMRKXLIFYXXSR
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7LSXFS\
8LIXIVQwWLSXFS\xVIJIVWXSEJYRGXMSR[LIVIF]JSVIEGLWTIGMJMIHVIKMSR WII
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1EGVSW
8LIXIVQwQEGVSxVIJIVWXSXLIJYRGXMSR[LIVIF]EWIUYIRGISJWMKREP
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WSXLEXMXGERFIVIGEPPIHEWVIUYMVIHXSEYXSQEXMGEPP]I\IGYXIXLIWEQI
WIUYIRGISJSTIVEXMSRW
8LIMRHMZMHYEPGSRXVSPTERIPSTIVEXMSRWGSRWXMXYXMRKEQEGVSEVIXIVQIH
wIZIRXW
1EGVSWEPWSTVSZMHIXLIJSPPS[MRKJYRGXMSRW

1IRYQEGVSW
8LIXIVQwQIRYQEGVSxVIJIVWXSXLIJYRGXMSR[LIVIF]EWIUYIRGISJQIRY
STIVEXMSRWMWWEZIHEWHEXEMRQIQSV]WSXLEXMXGERFIVIGEPPIHEWVIUYMVIHXS
EYXSQEXMGEPP]I\IGYXIXLIWEQIWIUYIRGISJSTIVEXMSRW

1EGVSXMQIPMRI
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 'VIEXMSRSJ7TIGMEP)JJIGXWERH1EREKIQIRXSJ(EXEERH3TIVEXMSRW
1EGVSEXXEGLQIRX
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GSRXVSPTERIPFYXXSRSVETEVXMGYPEVTSWMXMSRSJEJEHIVPIZIVPMROMRKXLI
I\IGYXMSRSJXLIFYXXSRJYRGXMSRSVEJEHIVPIZIVSTIVEXMSR[MXLEQEGVS
I\IGYXMSR
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=SYGERSTIVEXISRMRHMZMHYEPJMPIWSVVIKMWXIVWSVXSKIXLIVMREFEXGL
6IKEVHMRKJVEQIQIQSV]MXMWTSWWMFPIXSGETXYVIMQEKIHEXEWXSVIHMRER
I\XIVREPHIZMGIMRXSJVEQIQIQSV]=SYGEREPWSGSRZIVXXLIJSVQEXSJMQEKI
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8LIJSPPS[MRKJMPIWGERFIWEZIHERHVIGEPPIH
e 3TIVEXMSRQSHIWIXYTHEXEJSVW]WXIQEWE[LSPIERHMRHMZMHYEPHIZMGIW
e (IZMGIWXEXYWHEXEJSVW]WXIQWXEVXYT
e /I]QIQSV]WIXXMRKHEXE
e :MHISTVSGIWWQIQSV]WIXXMRKHEXE
e /I]JVEQIIJJIGXWIXXMRKHEXE
e 7RETWLSXWIXXMRKHEXE
e ;MTIWRETWLSXWIXXMRKHEXE
e (1)[MTIWRETWLSXWIXXMRKHEXE
e /I]WRETWLSXWIXXMRKHEXE
e 7LSXFS\WIXXMRKHEXE
e 1EGVSWIXXMRKHEXE
e 1EGVSEXXEGLQIRXHEXE
e 1IRYQEGVSWIXXMRKHEXE
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XLI)RKMRIIVMRK7IXYTQIRY

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LIEHMRKW

e 7]WXIQWIXYT 7]WXIQ
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e 4ERIPWIXYT 4ERIP
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e 7[MXGLIVWIXYT 7[MXGLIV
*SVHIXEMPWWII'LETXIVw7[MXGLIV7IXYT 7[MXGLIV x :SPYQI 

e (1)WIXYT (1)
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e ('9WIXYT ('9
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e 6SYXIVXEPP]WIXYT 6SYXIV8EPP]
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(IZMGIGSRXVSPFPSGO NS]WXMGO  TEKI


%Y\MPMEV]FYWGSRXVSPFPSGO TEKI

2YQIVMGOI]TEHGSRXVSPFPSGO TEKI

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(IZMGIGSRXVSPFPSGO
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9XMPMX]7LSXFS\GSRXVSP
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1IRYGSRXVSPFPSGO TEKI

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/I]GSRXVSPFPSGO TEKI

(IZMGIGSRXVSPFPSGO
TEKI

9XMPMX]7LSXFS\GSRXVSP
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1)FERO

9TXSXLVIIYRMXW
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8VERWMXMSRGSRXVSPFPSGO TEKI

)\EQTPIGSRXVSPTERIPGSRJMKYVEXMSR [MXL''4%1)TERIP

2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP 
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FEROSV4+1478FERO

7SYVGIREQIHMWTPE]W

/I]VS[

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/I]VS[HIPIKEXMSRFYXXSRW 7,-*8FYXXSR

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32 32 32 32
   

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WIPIGXIH[MXLXLIHIZMGIWIPIGXMSR WLYXXPIQSHI
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?%007834AFYXXSR 4VIWWXSW[MXGLXLIHIZMGIWIPIGXIH[MXLXLI
40%=;LIRTVIWWIHXLMWFYXXSRPMKLXW HIZMGIWIPIGXMSRFYXXSRWXSXMQIPMRIWIXXMRK
EQFIVERHXLIHIZMGIWIPIGXIH[MXLXLI QSHI
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FYXXSRMWTVIWWIHFYXEPWSMJER]SJXLI ;LIRTVIWWIHXLMWPMKLXWEQFIVERH
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?6);A?40%=A?**AERH?%00 HIZMGIWIPIGXMSRFYXXSRWWXSTW
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HIZMGIMWTPE]MRKFEGOXLIHIZMGITPE]W 9WIXLMWJSVWIEVGLERHSXLIVSTIVEXMSRWSR
EXSRIXMQIWRSVQEPWTIIHMRZEVMEFPI XLIQEXIVMEPSJERI\XIVREPHIZMGI
QSHI *SVHIXEMPWSJXLIQIXLSHSJYWIWII
**;LIRTVIWWIHXLMWFYXXSRPMKLXWEQFIV w'SRXVSPPMRK8ETI(MWO8VERWTSVXxMR
ERHXLIQEXIVMEPSJXLIHIZMGIWIPIGXIH 'LETXIV :SPYQI 
[MXLXLIHIZMGIWIPIGXMSRFYXXSRWMWJEWX
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?%007834AFYXXSR
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QEXIVMEPTPE]FEGOERHSXLIVSTIVEXMSRW
WXST(YVMRKGYIMRKYTSJER]SJXLI
HIZMGIWXLMWFYXXSRJPEWLIWEQFIVERH
[LIREPPGYIMRKYTSTIVEXMSRWEVI
GSQTPIXIHMXPMKLXWKVIIR
6)';LIRTVIWWIHWMQYPXERISYWP][MXL
XLI?40%=AFYXXSRXLMWFYXXSRPMKLXW
VIH XLI?40%=AFYXXSRPMKLXWEQFIV 
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8LMWFYXXSRGERRSXFIYWIHJSVJVEQI
QIQSV]GPMTSTIVEXMSRW

 2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP
9XMPMX]7LSXFS\'SRXVSP&PSGO 1/79XMPMX]
7LSXFS\1SHYPI3TXMSR

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1IQSV]VIGEPPFYXXSRW

E &EROWIPIGXMSRFYXXSRW PMKLXWSVERKIERHXLIEWWMKRIHVIKMWXIV
4VIWWER]SJXLI?&%2/AXS?&%2/A REQIETTIEVW -JXLIVIKMWXIVMWIQTX]XLI
FYXXSRWXSWIPIGXEFEROSJQIQSV]VIGEPP FYXXSRKSIWSJJ -RXLIGEWISJEWLSXFS\
FYXXSRW8LIWIPIGXIHFYXXSRPMKLXWEQFIV JYRGXMSRTVIWWMRKXLIFYXXSRI\IGYXIWXLI
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F 1IQSV]VIGEPPFYXXSRW PMKLXW]IPPS[-RXLIGEWISJEQEGVS
=SYGERYWIXLIWIFYXXSRWXSVIGEPP VIKMWXIVTVIWWMRKXLIFYXXSRI\IGYXIWXLI
JVIUYIRXP]YWIHQIRYWYXMPMX]JYRGXMSRW EWWMKRIHQEGVSERHXLIFYXXSRJPEWLIW
WLSXFS\VIKMWXIVWSVQEGVSVIKMWXIVWXLEX ]IPPS[
]SYLEZIEWWMKRIH
;LIREYXMPMX]JYRGXMSRMWEPPSGEXIHXSE
FYXXSRXLIFYXXSRPMKLXWSVERKI SVKVIIR
HITIRHMRKSRXLIWXEXYW ERHXLIEPPSGEXIH
JYRGXMSRREQIETTIEVW4VIWWMRKXLIFYXXSR
I\IGYXIWXLIEPPSGEXIHJYRGXMSR;LIRXLI
JYRGXMSRGSRWXMXYXIWEW[MXGLMRKSRSJJ
STIVEXMSRXLIFYXXSRPMKLXWKVIIR
SXLIV[MWIMXSRP]QSQIRXEVMP]PMKLXWKVIIR
;LIREWLSXFS\VIKMWXIVSVQEGVSVIKMWXIV
VIGEPPMWEWWMKRIHXSEFYXXSRXLIFYXXSR

2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP 
(S[RWXVIEQ/I]'SRXVSP&PSGO 1/7(7/*EHIV
1SHYPI3TXMSR

/I]HIPIKEXMSRFYXXSRW

/I]WSYVGIREQIHMWTPE]OI]WRETWLSX
FYXXSRW
/I]WRETWLSXWIXXMRK
FYXXSRW

(7/ (7/ 92(3 ;-4) (1) /77

/77
(7/ (7/ 7,-*8 1-< '98
7836)

(7/ (7/ (7/ (7/


32 32 32 32

8%/) 8%/) 8%/) 8%/)

 -RHITIRHIRXOI]XVERWMXMSRX]TI
WIPIGXMSRFYXXSRW
-RHITIRHIRXOI]XVERWMXMSRI\IGYXMSRWIGXMSR

E /I]HIPIKEXMSRFYXXSRW 1-<'EVV]SYXEHMWWSPZI[MXLXLIOI]
4VIWWSRISJXLI?(7/AXS?(7/AFYXXSRW WIPIGXIH[MXLXLIOI]HIPIKEXMSR
XSHIPIKEXIXLMWGSRXVSPFPSGOXSXLI FYXXSRW
GSVVIWTSRHMRKOI]IV ;-4)'EVV]SYXE[MTI[MXLXLIOI]
;LIRXLI1/71)'SRXVSP4ERIP WIPIGXIH[MXLXLIOI]HIPIKEXMSR
MWYWIHMXMWTSWWMFPIXSHIPIKEXIXLMWGSRXVSP FYXXSRW
FPSGOXSOI]XSOI]SJXLI1)FERO (1)8LMWW[MXGLIWXLIOI]WIPIGXIH[MXL
YWMRKE7IXYTQIRY XLIOI]HIPIKEXMSRFYXXSRWYWMRKE
(1)[MTI
F -RHITIRHIRXOI]XVERWMXMSRX]TI '98-RWXERXERISYWP]MRWIVXSVHIPIXIXLI
WIPIGXMSRFYXXSRW OI]WIPIGXIH[MXLXLIOI]HIPIKEXMSR
4VIWWSRISJXLIWIFYXXSRWXYVRMRKMXSRXS FYXXSRW
WIPIGXXLIHS[RWXVIEQOI]XVERWMXMSRX]TI 7,-*8;LIRWIXXMRKMWQEHIMRXLI7IXYT
QIRYXSEPPS[EHMJJIVIRXXVERWMXMSR
X]TIJSVMRWIVXMRKSVHIPIXMRKEOI]MXMW

 2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP
TSWWMFPIXSHMWTPE]ERHWIXXLI XLIWIPIGXIHOI]IVERHTVIWWMRKXLIFYXXSR
XVERWMXMSREJXIVXLIRI\XXVERWMXMSR[LMPI WEZIWSVVIGEPPWEOI]WRETWLSX
XLMWFYXXSRMWLIPHHS[R

G -RHITIRHIRXOI]XVERWMXMSR
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(7/ HS[RWXVIEQOI] 32XS(7/
32FYXXSRW4VIWWXLIWIXS
MRWXERXERISYWP]GYXXLIHS[RWXVIEQ
OI]WERHMRSV[LIRXLI
HS[RWXVIEQOI]WEVIEPVIEH]MRWIVXIH
GYXXLIQSYX;LIRXLIOI]
GSVVIWTSRHMRKXSXLIFYXXSRETTIEVWMR
XLIJMREPTVSKVEQSYXTYXXLIFYXXSR
PMKLXWVIHERHSXLIV[MWIPMKLXWEQFIV
8%/)FYXXSRW8LIWIGSVVIWTSRHXS
HS[RWXVIEQOI]WERHJVSQ
PIJXXSVMKLXTVIWWXSI\IGYXIEREYXS
XVERWMXMSR8LIXVERWMXMSRWXEVXW
MQQIHMEXIP]ERHXLIFYXXSRPMKLXW
EQFIV;LIRXLIXVERWMXMSRGSQTPIXIW
XLIFYXXSRKSIWSJJ
*EHIVPIZIV1SZIXLMWXSGEVV]SYXE
QERYEPHS[RWXVIEQOI]XVERWMXMSR
8VERWMXMSRMRHMGEXSV8LMWGSQTVMWIW
QYPXMTPI0)(W[LMGLWLS[XLI
TVSKVIWWSJXLIHS[RWXVIEQOI]
XVERWMXMSR

H /I]WRETWLSXWIXXMRKFYXXSRW
/77 OI]WRETWLSX 8LMWIREFPIWOI]
WRETWLSXQSHI
/777836) OI]WRETWLSXWXSVI 8S
WEZIEOI]WRETWLSXLSPHHS[RXLMW
FYXXSRERHTVIWWXLIOI]WSYVGIREQI
HMWTPE]OI]WRETWLSXFYXXSRJSVXLI
VIKMWXIV]SY[ERXXSWEZI
92(3 OI]WRETWLSXVIGEPPYRHS 8LMW
YRHSIWXLIPEWXOI]WRETWLSXVIGEPP

I /I]WSYVGIREQIHMWTPE]OI]
WRETWLSXFYXXSRW
8LIWIHMWTPE]XLIWIPIGXIHWSYVGIREQIJSV
IEGLGSVVIWTSRHMRKOI]IV-RWRETWLSX
QSHIXLI]GSVVIWTSRHXSVIKMWXIVWXSSJ

2EQIWERH*YRGXMSRWSJ4EVXWSJXLI'SRXVSP4ERIP 
&EWMG1IRY3TIVEXMSRW

1IRY3VKERM^EXMSR
3TIVEXMSRWSRXLI1:7W[MXGLIV
W]WXIQQEOIJVIUYIRXYWISJQIRY
STIVEXMSRW
8LMWWIGXMSRHIWGVMFIWXLIQIRYWERHXLIMV
MRXIVVIPEXMSRWLMTW

3ZIVZMI[
%PPHIXEMPIHWIXXMRKWJSVFEWMGSTIVEXMSRW
WYGLEWXVERWMXMSRWOI]W(1)SV[MTIW
EVIQEHIMRQIRYW8LIVIEVIEPWSQIRYW
JSVGEVV]MRKSYXKIRIVEPW]WXIQGSRXVSP
QEREKMRKWIXXMRKHEXEERHMRMXMEPWIXYT 8SHMWTPE]XLIXSTQIRY
-RXLIWEQI[E]EWJSVXLIXSTQIRY
WIPIGXMSRFYXXSRWMRXLIQIRYGSRXVSPFPSGO
%FSYXXLI8ST1IRY0MWX TVIWWIEGLFYXXSRXSHMWTPE]XLITEVXMGYPEV
XSTQIRYMRXLIQIRYHMWTPE]
8LIXSTQIRYPMWXFYXXSRMWXLIWEQIEWXLI
;LIRXLIGSRXVSPTERIPMWTS[IVIHSRXLI
HIJEYPXPE]SYXSJXLIXSTQIRYWIPIGXMSR
XSTQIRYPMWXETTIEVWEWWLS[RFIPS[
FYXXSRW,S[IZIVIZIRMJXLIEWWMKRQIRXSJ
=SYGEREPWSHMWTPE]XLMWF]WIPIGXMRK:*
XLIXSTQIRYWIPIGXMSRFYXXSRWMWGLERKIH
u8ST1IRY0MWXvEJXIVTVIWWMRKXLI?,31)A
XLMWHSIWRSXEJJIGXXLIXSTQIRYPMWX
FYXXSREXXLIYTTIVPIJXMRXLIXSTQIRY
WIPIGXMSRFYXXSREVIESJXLIQIRYGSRXVSP
8SWLYXHS[RXLIQIRYW
FPSGO
4VIWWXLI?7LYXHS[RAFYXXSREXXLIPS[IV
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STIVEXMSRMRXLIXSTQIRY[MRHS[
*SVHIXEMPWWIIw7LYXXMRKHS[RXLIQIRYWx
TEKI 

QIRYTEKIHITIRHWSRXLIQIXLSHYWIH
%GGIWWMRK1IRYW e 4VIWWMRKEXSTQIRYWIPIGXMSRFYXXSRMR
XLIQIRYGSRXVSPFPSGO
=SYGERYWIER]SJXLIJSPPS[MRKQIXLSHW 8LMWHMWTPE]WXLITEKI]SYPEWXEGGIWWIH
XSEGGIWWEQIRYERHXLIMRMXMEPP]HMWTPE]IH MRXLITEVXMGYPEVQIRY%JXIVMRMXMEPP]

 &EWMG1IRY3TIVEXMSRW
TS[IVMRKSRXLIW]WXIQLS[IZIVXLI
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e 4VIWWMRKEFYXXSRSXLIVXLEREXSTQIRY
FYXXSRX[MGIMRVETMHWYGGIWWMSR WII
TEKI 
(ITIRHMRKSRXLIFYXXSRXLMWQE]
HMWTPE]EJM\IHTEKISVXLITEKIWIPIGXIH
PEWXXMQI]SYEGGIWWIHXLIQIRY
e 4VIWWXLIQIRYTEKIWIPIGXMSRFYXXSREX
XLIXSTPIJXSJXLIQIRYHMWTPE]
8LIXSTQIRY[MRHS[ETTIEVWTVIWWXLI
XSTQIRYWIPIGXMSRFYXXSRJSVXLI
TEVXMGYPEVQIRYSVIRXIVXLIQIRY
RYQFIV[MXLXLIRYQIVMGOI]TEHERH
TVIWWXLI)RXIVFYXXSR
*SVHIXEMPWSJXLI:*FYXXSRWERH,*
FYXXSRWWIIw-RXIVTVIXMRKXLI1IRY
7GVIIRx TEKI 

&EWMG1IRY3TIVEXMSRW 
1IRYWEGGIWWIHJVSQEXSTQIRYWIPIGXMSRFYXXSR

&YXXSRW 1IRYW *YRGXMSR 7II


,31) ,SQI 6IGEPPMRKQIRYWYWMRKXLIXST 8STQIRYPMWXTEKI7LSVXGYX
QIRYPMWXSVWLSVXGYXQIRY QIRYTEKI
1) 1) 8VERWMXMSROI]WERH[MTI TEKI XVERWMXMSRW TEKI
WIXXMRKWJSVXLI1)FERO  OI]W TEKI [MTIW
44 4+1478 8VERWMXMSRHS[RWXVIEQOI]ERH
[MTIWIXXMRKWJSVXLI4+1478
FERO
*6%1) *VEQI1IQSV] *VEQIQIQSV]WIXXMRKW TEKI
1)1
'3036 'SPSV&OKH 'SPSVFEGOKVSYRHWIXXMRKW TEKI
&/+(
%9<132 %Y\1SR %9<FYWWIXXMRKW TEKI
''6 ''6 'SPSVGSVVIGXSVWIXXMRKW TEKI
'34= 'ST]7[ET 'ST]ERHW[ETWIXXMRKW TEKI
7;%4
1-7' 1MWG 7EJIXMXPIWIXXMRKW TEKI
78%87 7XEXYW 7XEXYWHMWTPE] TEKI
(1) (1) (1)WTIGMEPIJJIGXWIXXMRKW 'LETXIV :SPYQI
+0&)** +PSFEP)JJIGX +PSFEPIJJIGXWIXXMRKW 'LETXIV :SPYQI
686 6SYXIV (IWXMREXMSRWSYVGIERHPIZIP TEKI
WIPIGXMSRW
(): (IZMGI 7IXXMRKWJSVI\XIVREPHIZMGI 'LETXIV :SPYQI
STIVEXMSR
1'63 1EGVS 1EGVSVIKMWXIVWIXXMRKW 'LETXIV :SPYQI
/)= /I]*VEQI /I]JVEQIWIXXMRKW 'LETXIV :SPYQI
*6%1)
)** )JJIGX /I]JVEQIIJJIGXVIKMWXIVWIXXMRKW 'LETXIV :SPYQI
72%4 7RETWLSX 7RETWLSXVIKMWXIVWIXXMRKW 'LETXIV :SPYQI
7,38
7,38&3< 7LSXFS\ 7LSXFS\VIKMWXIVWIXXMRKW 'LETXIV :SPYQI
*-0) *MPI *MPIWIXXMRKW 'LETXIV :SPYQI
)2+ )RKMRIIVMRK7IXYT 7IXYTJYRGXMSRW 'LETXIVXS'LETXIV
7)894 :SPYQI
(-%+ (MEKRSWMW 7XEXYWMRJSVQEXMSRHMWTPE] %TTIRHM\ :SPYQI

 &EWMG1IRY3TIVEXMSRW
1IRYWEGGIWWIHF]TVIWWMRKEFYXXSRX[MGI
*SVVIPIZERXFYXXSRWSXLIVXLERXLIXST FYXXSRWSJIEGLGSRXVSPFPSGOXSKIXLIV[MXL
QIRYWIPIGXMSRFYXXSRWTVIWWMRKX[MGIMR XLIQIRYWXLI]VIGEPP <<VITVIWIRXWXLI
VETMHWYGGIWWMSRHMVIGXP]VIGEPPWEVIPEXIH ,*QIRYVIGEPPIHPEWXMRXLI:*QIRY
QIRYTEKI8LIJSPPS[MRKXEFPIPMWXWXLIWI
'VSWWTSMRXGSRXVSPFPSGO

&YXXSRW 1IRYW 7II


*1XSWMKREPWEWWMKRIH *VEQI1IQSV]"7XMPP"6IGEPP TEKI
FYXXSRW
'SPSV&OKHWMKREPEWWMKRIH 'SPSV&OKH"'SPSV&OKH TEKI
FYXXSR
''6WMKREPEWWMKRIHFYXXSR ''6"''6"<< 'LETXIV
:SPYQI
''6WMKREPEWWMKRIHFYXXSR ''6"''6"<<
(1)XS(1) (1)"<< 'LETXIV
:SPYQI
/)=XS/)= (7/XS e 1)"/I]"<< TEKI
(7/ e 4+1478"(7/"<<

8VERWMXMSRGSRXVSPFPSGO

&YXXSRW 1IRYW 7II


/)= (7/ e 1)"/I]"<< TEKI
e 4+1478"(7/"<<
/)= (7/ e 1)"/I]"<<
e 4+1478"(7/"<<
/)= (7/ e 1)"/I]"<<
e 4+1478"(7/"<<
/)= (7/ e 1)"/I]"<<
e 4+1478"(7/"<<
;-4) 1)4+1478";MTI"1EMR4EXXIVR TEKI
(1) 1)4+1478"(1);MTI"<< TEKI
794)61-< 1)4+1478"1MWG"8VERWMXMSR TEKI
478'30361-< 1)4+1478"1MWG"8VERWMXMSR TEKI
*1
'0-4 1)4+1478"1MWG"'PMT8VERWMXMSR TEKI
*1
'0-4
*1
'0-4
*1
'0-4
46-367)8 1)4+1478"1MWG"/I]4VMSVMX] TEKI
/)=46-36 1)4+1478"1MWG"2I\X/I]4VMSVMX] TEKI

&EWMG1IRY3TIVEXMSRW 
/I]GSRXVSPFPSGOE

&YXXSRW 1IRYW 7II


/)= e 1)"/I]"<< TEKI
e 4+1478"(7/"<<
/)= e 1)"/I]"<<
e 4+1478"(7/"<<
/)= e 1)"/I]"<<
e 4+1478"(7/"<<
/)= e 1)"/I]"<<
e 4+1478"(7/"<<
091 e 1)"/I]"8]TI TEKI
e 4+1478"(7/"8]TI
0-2
':/
482
'6/ e 1)"/I]"8]TI"'LVSQE%HNYWX TEKI
e 4+1478"(7/"8]TI"'LVSQE%HNYWX

E 8LIQIRYVIGEPPIHHITIRHWSR[LMGLSJXLI1)HIPIKEXMSRFYXXSRWERHOI]HIPIKEXMSRFYXXSRW
EVIWIPIGXIHMRXLIOI]GSRXVSPFPSGO

2YQIVMGOI]TEHGSRXVSPFPSGO

&YXXSRW 1IRYW 7II


)** e )JJIGX")JJIGX"<<F  'LETXIV
:SPYQI
e )JJIGX"1EWXIV8MQIPMRI"7XSVI G
72%47,38 e 7RETWLSX"7RETWLSX"<<F  'LETXIV
:SPYQI
e 7RETWLSX"1EWXIV7RETWLSX"7XSVIG
7,38&3< 7LSXFS\"6IKMWXIV"7XSVI6IGEPP 'LETXIV
:SPYQI
1'63 1EGVS"6IKMWXIV"<< 'LETXIV
:SPYQI

86%276%8)E 1MWG"8VERWMXMSR TEKI

7836)6'%00 /I]*VEQI"6IKMSR7IPIGXH 'LETXIV


:SPYQI

E 8LIQIRYVIGEPPIHHITIRHWSR[LMGLSJXLI1)FEROERH4+1478FEROXLIRYQIVMG
GSRXVSPFPSGOMWHIPIKEXIHXS
F ;LIRSXLIVXLER?1%786AMWWIPIGXIH[MXLXLIVIKMSRWIPIGXMSRFYXXSRW
G ;LIR?1%786AMWWIPIGXIH[MXLXLIVIKMSRWIPIGXMSRFYXXSRW
H ;LIRXLI?72%47,38AFYXXSRSV?)**AFYXXSRMWWIXXS3RSVPMXKVIIR

 &EWMG1IRY3TIVEXMSRW
(S[RWXVIEQOI]GSRXVSPFPSGOE

&YXXSRW 1IRYW 7II


(7/ e 1)"/I]"<< TEKI
e 4+1478"(7/"<<
(7/ e 1)"/I]"<<
e 4+1478"(7/"<<
(7/ e 1)"/I]"<<
e 4+1478"(7/"<<
(7/ e 1)"/I]"<<
e 4+1478"(7/"<<
;-4) e 1)"/I]"8VERWMXMSR";MTI%HNYWX TEKI
"4EXXIVR7IPIGX
e 4+1478"(7/"8VERWMXMSR";MTI
%HNYWX"4EXXIVR7IPIGX
(1) e 1)"/I]"8VERWMXMSR";MTI%HNYWX TEKI
"4EXXIVR7IPIGX
e 4+1478"(7/"8VERWMXMSR"(1);MTI
%HNYWX"4EXXIVR7IPIGX

/777836)F 7RETWLSX"/I]7RETWLSX"<< 'LETXIV


:SPYQI

E 8LIQIRYVIGEPPIHHITIRHWSR[LMGLSJOI]IVWXSXLIHS[RWXVIEQOI]GSRXVSPFPSGOMW
HIPIKEXIHXS
F 6IGEPPMRKMWTSWWMFPISRP][LIRXLI?/77AFYXXSRMW3R

%Y\MPMEV]FYWGSRXVSPFPSGO

&YXXSRW 1IRYW 7II


*17*17 *VEQI1IQSV]"7XMPP"*VII^I7XSVI TEKI
*1XSWMKREPWEWWMKRIH *VEQI1IQSV]"7XMPP"6IGEPP TEKI
FYXXSRW
'SPSV&OKHWMKREPEWWMKRIH 'SPSV&OKH"'SPSV&OKH TEKI
FYXXSR
''6WMKREPEWWMKRIHFYXXSR ''6"''6"<< TEKI
''6WMKREPEWWMKRIHFYXXSR ''6"''6"<<

(IZMGIGSRXVSPFPSGO XVEGOFEPP

&YXXSRW 1IRYW 7II


(1)(1) (1)"<< 'LETXIV
:SPYQI
():XS():EWWMKRIH e (IZMGI"((6:86"'YIYT
4PE]F 'LETXIV
FYXXSRW :SPYQI
e (IZMGI"((6:86"8MQIPMRIG
*1'0-4XS*1'0-4 *VEQI1IQSV]"'PMT"6IGEPP TEKI
EWWMKRIHFYXXSRW

&EWMG1IRY3TIVEXMSRW 
(IZMGIGSRXVSPFPSGO XVEGOFEPP

&YXXSRW 1IRYW 7II


// e 1)"/I]"4VSGIWWIH/I] TEKI
e 4+1478"(7/"4VSGIWWIH/I]

E ;LIRXLI?1)29AFYXXSRMW3JJ
F ;LIRXLI?1)29AFYXXSRMW3R

(IZMGIGSRXVSPFPSGO WIEVGLHMEP

&YXXSRW 1IRYW 7II


():XS(): e (IZMGI"((6:86"'YIYT
4PE]E  'LETXIV
:SPYQI
e (IZMGI"((6:86"8MQIPMRIF
*1'0-4XS*1'0-4 *VEQI1IQSV]"'PMT"6IGEPP TEKI
EWWMKRIHFYXXSRW

E ;LIRXLI?8-1)0-2)AFYXXSRMW3JJ
F ;LIRXLI?8-1)0-2)AFYXXSRMW3R

(MWTPE]MRKE1IRY
8SHMWTPE]JSVI\EQTPIXLI1)"/I]
"8]TIQIRYYWIIMXLIVSJXLIJSPPS[MRK
STIVEXMSRW
e 4VIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1)
AXLIRTVIWWXLI:*u/I]vFYXXSRERH
XLI,*u8]TIvFYXXSRMRXLEXSVHIV
e 4VIWWXLIQIRYTEKIRYQFIVFYXXSRMRXLI
YTTIVPIJXGSVRIVSJXLIQIRYWGVIIRXS
HMWTPE]XLIXSTQIRY[MRHS[XLIRIRXIV
XLITEKIRYQFIVSJXLI1)"/I]
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2SXI
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XLMWGEWIXLIWLMJXFYXXSRQSZIWSRIXSXLIPIJXXSRYQFIVERHXLIFYXXSR
RYQFIVWEVISJJWIXF]SRI
*SVHIXEMPWSJXLI?7-()*0%+AFYXXSRWIIw'VSWW4SMRX7IXXMRKW <TX%WWMKR
QIRY xMR'LETXIV :SPYQI 

-RLMFMXMRKGVSWWTSMRXFYXXSRSTIVEXMSRW
*SVIEGLGVSWWTSMRXFYXXSR]SYGERXIQTSVEVMP]MRLMFMXSTIVEXMSRW

2SXI
8LMWWIXXMRKMWGPIEVIH[LIR]SYVIWIXXLIGSRXVSPTERIP

%WWMKRMRKEFYXXSRXSXLIJYRGXMSRSJHMWEFPMRKGVSWWTSMRXFYXXSR
STIVEXMSR
=SYGEREWWMKRXLIFYXXSRXSFIYWIHJSVXLISTIVEXMSRXSEYWIVTVIJIVIRGI
FYXXSRMRWIXYT8LI?-RLMFMX%PP'PIEVAJYRGXMSRMWEPWSEWWMKRIHXSXLMWFYXXSR
7IIw7IXXMRK&YXXSR%WWMKRQIRXW 4VIJW9XMPMX]QIRY xMR'LETXIV :SPYQI


&YWIWJSV[LMGLSTIVEXMSRWGERFIMRLMFMXIH
8LMWWIXXMRKETTPMIWXSXLIEY\MPMEV]FYWGSRXVSPFPSGOERHXLIGVSWWTSMRX
FYXXSRWMRIEGLW[MXGLIVFERO

*SVI\EQTPIMJ]SYQEOIXLIWIXXMRKJSVSRIGVSWWTSMRXFYXXSRMREW[MXGLIV
FEROXLMWMRLMFMXWSTIVEXMSRSJEPPGVSWWTSMRXFYXXSRW[MXLXLIWEQIRYQFIVMR
XLIJSPPS[MRKFYWIW
8LIGSVVIWTSRHMRKREQIEPWSHMWETTIEVWJVSQXLIWSYVGIREQIHMWTPE]
e &EGOKVSYRH%FEGOKVSYRH&
e /I]WXS
e 9XMPMX]
e )\XIVREP(1)

8SMRLMFMXSTIVEXMSRSJEGVSWWTSMRXFYXXSR
,SPHHS[RXLIFYXXSR[LMGLw-RLMFMX7IXxMWEWWMKRIHERHTVIWWXLIGVSWWTSMRX
FYXXSR[LSWISTIVEXMSR]SY[ERXXSMRLMFMX
8LIFYXXSR]SYTVIWWIHJPEWLIWEQFIVERHXLMWQEOIWXLISTIVEXMSRMRLMFMXIH

2SXI
)ZIR[LIR]SYMRLMFMXSTIVEXMSRSJEGVSWWTSMRXFYXXSRQEGVSEXXEGLQIRX
WIXXMRKWEVIWXMPPTSWWMFPI WIIw7IXXMRKERH'ERGIPMRKE1EGVS%XXEGLQIRXxMR
'LETXIV :SPYQI 

 7MKREP7IPIGXMSR
8SGPIEVEGVSWWTSMRXFYXXSRSTIVEXMSRMRLMFMXWIXXMRK
,SPHHS[RXLIFYXXSRXS[LMGLw-RLMFMX7IXxMWEWWMKRIHERHTVIWWXLIFYXXSR
[LSWISTIVEXMSRMWMRLMFMXIH JPEWLMRKEQFIV 
8LMWGPIEVWXLISTIVEXMSRMRLMFMXWIXXMRKJSVXLIFYXXSR]SYTVIWWIH

8SGPIEVEPPSTIVEXMSRMRLMFMXWIXXMRKW
4VIWWXLIFYXXSRXS[LMGLw-RLMFMX7IXxMWEWWMKRIHERHXLIFYXXSRXS[LMGL
w-RLMFMX%PP'PIEVxMWEWWMKRIHWMQYPXERISYWP]

7IPIGXMSRSJWMKREPWPMROIH[MXLXLIEYHMSQM\IV

;LIR]SYWIPIGXEWMKREPMREW[MXGLIVFEROFEGOKVSYRH%VS[SV%9<FYW
GSRXVSPFPSGO[LMGLMWWIXXSFIPMROIH[MXLXLIEYHMSQM\IVXLITVSKVEQSYXTYX
SJXLIEYHMSQM\IVJSPPS[WXLIWMKREPWIPIGXMSR
*SVHIXEMPWSJXLIWIXXMRKWIIw'VSWW4SMRX7IXXMRKW <TX%WWMKRQIRY xMR
'LETXIV :SPYQI 

2SXIW
e *SVHIXEMPWSJEYHMSQM\IVWXLEXGERFIGSRRIGXIHGSRXEGX]SYV7SR]WIVZMGI
SVWEPIWVITVIWIRXEXMZI
e ;LIRXLIWMKREPMWW[MXGLIH[MXLEWRETWLSXOI]JVEQIERHWSSRXLIEYHMS
QM\IVMWRSXPMROIH
e ;LIRFYWJM\IHQSHIMWWIPIGXIHMRWIXYT WIITEKI XLIEYHMSQM\IV
TVSKVEQSYXTYXMWPMROIHXSXLIFYWSYXTYXEWXLIFEGOKVSYRH

7MKREP2EQI(MWTPE]
=SYGEREXXEGLEREQI WSYVGIREQI XSIEGLWMKREPEWWMKRIHXSEGVSWWTSMRX
FYXXSR[MXLEQE\MQYQSJGLEVEGXIVW

e 8LIWSYVGIREQIHMWTPE]WMRXLIGVSWWTSMRXGSRXVSPFPSGOERHEY\MPMEV]FYW
GSRXVSPFPSGOWLS[XLIWSYVGIREQIWSJXLIZMHISWMKREPWEWWMKRIHXS
RYQFIVWXS SV 
e 8SHMWTPE]XLIWSYVGIREQIWJSVWLMJXIHRYQFIVW XSSVXS TVIWW
XLI?7,-*8AFYXXSRXSXLIVMKLXSJXLIOI]VS[HIPIKEXMSRFYXXSRW
e 8SHMWTPE]XLIWSYVGIREQIWSJXLIOI]WMKREPWEWWMKRIHXSFYXXSRRYQFIVW
LSPHHS[RSRISJXLIOI]HIPIKEXMSRFYXXSRW?/)=AXS?/)=ASV?(7/A
XS?(7/AFYXXSRWSVJSVXLIEY\MPMEV]FYWGSRXVSPFPSGOLSPHHS[RXLI
?/)=AFYXXSR

7MKREP7IPIGXMSR 
'SPSVWSJPMXGVSWWTSMRXFYXXSRW
-RETEVXMGYPEVVS[SJGVSWWTSMRXFYXXSRWSRP]XLIPEWXTVIWWIHFYXXSRMW
IJJIGXMZIERHPMKLXWEQFIVSVVIH8LIEQFIVMRHMGEXIWXLIwPS[XEPP]xWXEXI
ERHXLIVIHMRHMGEXIWXLIwLMKLXEPP]xWXEXIXSMRHMGEXI[LIXLIVSVRSXXLI
WIPIGXIHWMKREPETTIEVWMRXLIJMREPSYXTYXZMHIS
7MKRMJMGERGISJGSPSVWSJPMXGVSWWTSMRXFYXXSRW

'SPSV 7XEXI 7MKRMJMGERGI


%QFIV 0S[XEPP] (SIWRSXETTIEVMRJMREPSYXTYXZMHIS
6IH ,MKLXEPP] %TTIEVWMRJMREPSYXTYXZMHIS

 7MKREP7IPIGXMSR
8VERWMXMSRW

7IPIGXMRKXLI2I\X8VERWMXMSR
8SI\IGYXIEXVERWMXMSRMXMWJMVWXRIGIWWEV]XSHIGMHILS[XLIMQEKI[MPPFI
GLERKIHEWEVIWYPXSJXLIXVERWMXMSR8LMWWIPIGXMSRMWGEVVMIHSYXYWMRKXLIRI\X
XVERWMXMSRWIPIGXMSRFYXXSRW WII TEKI MRXLIXVERWMXMSRGSRXVSPFPSGOSJIEGL
1)SV4+1478FERO
*SVHIXEMPWSJSTIVEXMSRWWIIw4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSRx
TEKI 

8VERWMXMSR8]TIW
7IPIGXMRKXLIXVERWMXMSRX]TIHIXIVQMRIWXLI[E]MR[LMGLXLIXVERWMXMSRSGGYVW
'EVV]SYXXLIX]TIWIPIGXMSR[MXLXLIXVERWMXMSRX]TIWIPIGXMSRFYXXSRWMRXLI
XVERWMXMSRGSRXVSPFPSGOSJIEGL1)SV4+1478FERO
*SVHIXEMPWSJXLMWSTIVEXMSRWIIw4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSRx
TEKI 

8LIJSPPS[MRKEVIXLIXVERWMXMSRX]TIW

1M\
8LMWMWEHMWWSPZIMR[LMGLXLIRI[ZMHISTVSKVIWWMZIP]JEHIWMRSZIVXLI
GYVVIRXZMHIS[MXLXLIWYQSJXLIX[SZMHISSYXTYXWQEMRXEMRIHGSRWXERX%X
XLIQMHTSMRXSJXLIXVERWMXMSR [LIRXLIJEHIVPIZIVMWMRXLIGIRXIVTSWMXMSR 
XLISYXTYXSJIEGLMW 
8LMWXVERWMXMSRX]TIGEREPWSFIWIPIGXIHJSVERMRHITIRHIRXOI]XVERWMXMSR-R
XLMWGEWIXLIOI]IMXLIVHMWWSPZIWMRSVHMWWSPZIWSYXWMQMPEVP][MXLXLI
TVSKVIWWSJXLIXVERWMXMSR

2%1 RSREHHMXMZIQM\
-RXLMWHMWWSPZIXLIGYVVIRXZMHISERHRI[ZMHISWMKREPWEVIGSQTEVIHERHXLI
WMKREP[MXLXLILMKLIVPYQMRERGIPIZIPMWKMZIRTVMSVMX]MRXLISYXTYX8LI
GYVVIRXZMHISMWQEMRXEMRIHEX SYXTYXJSVXLIJMVWXLEPJSJXLIXVERWMXMSREW
XLIRI[ZMHISMRGVIEWIWTVSKVIWWMZIP]XS XLIRXLIGYVVIRXZMHISMW
TVSKVIWWMZIP]VIHYGIHJVSQ XS^IVSMRXLIWIGSRHLEPJ[MXLXLIRI[ZMHIS
QEMRXEMRIHEX SYXTYX

8VERWMXMSRW 
2SXI
8LMWXVERWMXMSRX]TIMWRSXEZEMPEFPIJSVERMRHITIRHIRXOI]XVERWMXMSR

7YTIVQM\
-RXLMWHMWWSPZIXLIGYVVIRXZMHISMWQEMRXEMRIHEX SYXTYXJSVXLIJMVWXLEPJ
SJXLIXVERWMXMSREWXLIRI[ZMHISMWQM\IH[LMPIMRGVIEWMRKTVSKVIWWMZIP]XS
 XLIRXLIGYVVIRXZMHISMWTVSKVIWWMZIP]VIHYGIHJVSQ XS^IVSMRXLI
WIGSRHLEPJ[MXLXLIRI[ZMHISQEMRXEMRIHEX SYXTYX
*SVHIXEMPWSRWYTIVQM\WIXXMRKWWIITEKI

2SXI
8LMWXVERWMXMSRX]TIMWRSXEZEMPEFPIJSVERMRHITIRHIRXOI]XVERWMXMSR

4VIWIXGSPSVQM\
8LMWMWEX[SWXEKIHMWWSPZIGSQTVMWMRKX[SXVERWMXMSRWXLIJMVWXEHMWWSPZIXS
EGSPSVQEXXIERHXLIWIGSRHJVSQXLIGSPSVQEXXIXSXLIRI[ZMHIS
-RXLIJMVWXXVERWMXMSRXLIGYVVIRXZMHISMWVITPEGIHF]XLIGSPSVQEXXIMREQM\
HMWWSPZI XLIRMRXLIWIGSRHXVERWMXMSRXLIGSPSVQEXXIMWVITPEGIHF]XLIRI[
ZMHISEPWSMREQM\ HMWWSPZI 
*SVHIXEMPWSRGSPSVQEXXIWIXXMRKWWIITEKI

2SXI
8LMWXVERWMXMSRX]TIMWRSXEZEMPEFPIJSVERMRHITIRHIRXOI]XVERWMXMSR

;MTI
%[MTIVITPEGIWXLIGYVVIRXZMHISF]XLIRI[ZMHISEGGSVHMRKXSE
TVIHIXIVQMRIHTEXXIVR8LMWXVERWMXMSRX]TIGEREPWSFIWIPIGXIHJSVER
MRHITIRHIRXOI]XVERWMXMSR
*SVHIXEMPWWIIw;MTIWx TEKI ERH'LETXIVw;MTIWx TEKI 

(1)[MTI
9WMRKE(1)IJJIGXMXMWTSWWMFPIXSSFXEMREXVERWMXMSRXSERI[MQEKIJVSQ
XLIGYVVIRXMQEKIEWMRE[MTI=SYGEREPWSYWIXLMWXVERWMXMSRX]TIEWER
MRHITIRHIRXOI]XVERWMXMSR
*SVHIXEMPWWIIw(1);MTIWx TEKI ERH'LETXIVw(1);MTIWx TEKI
 

 8VERWMXMSRW
'PMTXVERWMXMSRW
0MROIHXSEQM\ HMWWSPZI SV[MTIXVERWMXMSREJVEQIQIQSV]GPMT QSZMI MW
TPE]IHFEGO

'YX
%GYXW[MXGLIWMRWXERXERISYWP]JVSQXLIGYVVIRXZMHISXSXLIRI[ZMHIS;LIR
XLIRI\XXVERWMXMSRMWEOI]XVERWMXMSRXLIOI]GYXWMRSVSYXMRWXERXERISYWP]

8VERWMXMSRW 
4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSR

8LITSWMXMSRWSJXLITVMRGMTEPFYXXSRWYWIHJSVFEWMGXVERWMXMSRSTIVEXMSREVIEW
JSPPS[W

32 32 32 32
   

&/+( /)= /)= /)= /)=

2I\XXVERWMXMSR /)=
46-36
1-< 2%1
794)6
1-<

WIPIGXMSRFYXXSRW
478
%00 '3036 ;-4) (1)
1-<

46-36 2361 86%27


2361 6):
7)8 6): 4:;

8VERWMXMSRX]TI
WIPIGXMSRFYXXSRW %983
86%27
'98

482 0-1-8
/*
0-1-8 7)8

8VERWMXMSRI\IGYXMSR
WIGXMSR

8VERWMXMSRGSRXVSPFPSGO

-RXLIGVSWWTSMRXGSRXVSPFPSGOWIPIGXXLIFEGOKVSYRHZMHIS[MXLXLI
FEGOKVSYRH%VS[SJGVSWWTSMRXFYXXSRW

7IPIGXXLI[E]MR[LMGLXLIXVERWMXMSR[MPPEJJIGXXLIMQEKIYWMRKXLIRI\X
XVERWMXMSRWIPIGXMSRFYXXSRWMRXLIXVERWMXMSRGSRXVSPFPSGO
*SVERSZIVZMI[WIIw7IPIGXMRKXLI2I\X8VERWMXMSRx TEKI 

8SGLERKIXLIFEGOKVSYRH4VIWWXLI?&/+(AFYXXSRXYVRMRKMXSR
8SMRWIVXSVHIPIXIEOI]4VIWWSRISJXLI?/)=AXS?/)=AFYXXSRW SV
?(7/AXS?(7/AFYXXSRWMRXLI4+1478FERO XYVRMRKMXSR
8SIREFPIXLIOI]TVMSVMX]WIXXMRK[LMGLHIXIVQMRIWXLIOI]SZIVPE]
SVHIVEJXIVXLIXVERWMXMSR4VIWWXLI?/)=46-36AFYXXSRXYVRMRKMX
SR
=SYGERTVIWWQSVIXLERSRIFYXXSREXXLIWEQIXMQI
8SGLERKIXLIOI]WERHFEGOKVSYRHTVIWIXWMR7IXYTQIRYW
WMQYPXERISYWP]4VIWWXLI?%00AFYXXSR
8SEPPSGEXIETEVXMGYPEVRI\XXVERWMXMSRFYXXSRXSXLI?%00AFYXXSR
JYRGXMSRWIIw3TIVEXMSR7IXXMRKW 3TIVEXMSR1IRY xMR'LETXIV
:SPYQI 

 4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSR
*SVXLIXVERWMXMSRXSGLERKIXLIOI]TVMSVMX]WIXXLITVMSVMX]JSVEJXIVXLI
XVERWMXMSR
*SVHIXEMPWSJXLIOI]TVMSVMX]WIXXMRKSTIVEXMSRWIIw/I]4VMSVMX]7IXXMRKx
TEKI 

7IPIGXXLIRI[ZMHISYWIHJSVXLIXVERWMXMSR
e -RXLIFEGOKVSYRH&VS[SJGVSWWTSMRXFYXXSRWWIPIGXXLIRI[
FEGOKVSYRHZMHIS
e ;LIRMRWIVXMRKEOI]WIPIGXXLIOI]WMKREPERHQEOIER]VIUYMVIH
WIXXMRKW
*SVHIXEMPWSJOI]WIXXMRKWWII'LETXIVw/I]Wx TEKI 

8SGEVV]SYXEGYXXVERWMXMSRWOMTXSWXITSXLIV[MWIGSRXMRYIXSWXIT

7IPIGXSRISJXLIXVERWMXMSRX]TIWIPIGXMSRFYXXSRWMRXLIXVERWMXMSRGSRXVSP
FPSGO
8SGEVV]SYXEHMWWSPZIXSXLIRI[ZMHIS4VIWWSRISJXLI?1-<A
?2%1A?794)61-<AERH?478'30361-<AFYXXSRWXYVRMRKMX
SR
8SGEVV]SYXE[MTI4VIWWXLI?;-4)ASV?(1)AFYXXSRXYVRMRKMXSR
8SGEVV]SYXEXVERWMXMSR[LMPITPE]MRKFEGOEJVEQIQIQSV]GPMT
4VIWWSRISJXLIFYXXSRWGSVVIWTSRHMRKXSXLIGPMTXSFIYWIH
*1
'0-4*1
'0-4*1
'0-4ERH*1
'0-4 

=SYGEREPWSYWIXLI1MWG"8VERWMXMSRQIRYXSWIPIGXEHIWMVIHXVERWMXMSR
X]TIJSVXLI1)SV4+1478FERO 7IIw7IPIGXMRKXLI8VERWMXMSR8]TI
F]E1IRY3TIVEXMSRx TEKI 
*SVERSZIVZMI[SJXLIXVERWMXMSRX]TIWWIIw8VERWMXMSR8]TIWx TEKI
 

2SXI
8LIXVERWMXMSRX]TIWIPIGXMSRFYXXSRWMRXLIXVERWMXMSRGSRXVSPFPSGOGERFI
MRXIVGLERKIHMRXLIWIXYTQIRY
*SVHIXEMPWWIIw3ZIVEPP'SRXVSP4ERIP7IXXMRKW 'SRJMK1IRY xMR
'LETXIV :SPYQI 

1EOIXLIVIUYMVIHWIXXMRKWEGGSVHMRKXSXLIWIPIGXIHXVERWMXMSRX]TI
*SVHIXEMPWSJXLIWIXXMRKWWIIXLIVIPIZERXWIGXMSR

7YTIVQM\ w7YTIV1M\7IXXMRKWx TEKI


4VIWIXGSPSVQM\ w'SPSV1EXXI7IXXMRKWx TEKI
;MTI w&EWMG4VSGIHYVIJSV;MTI7IXXMRKWx TEKI

4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSR 
(1);MTI w&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKWx TEKI
'PMTXVERWMXMSR w'PMT8VERWMXMSR3TIVEXMSRWx TEKI
9WMRKXLIXVERWMXMSRTVIZMI[JYRGXMSR TEKI ]SYGERGLIGOXLI
XVERWMXMSRSRXLITVIZMI[QSRMXSV

'EVV]SYXXLIXVERWMXMSRMRXLIXVERWMXMSRI\IGYXMSRWIGXMSR
*SVEKVEHYEPXVERWMXMSRWYGLEWEQM\ HMWWSPZI SV[MTI4VIWWXLI
?%98386%27AFYXXSRSVSTIVEXIXLIJEHIVPIZIV
8SI\IGYXIEXVERWMXMSRF]TVIWWMRKXLI?%98386%27AFYXXSRJMVWX
WIXXLIXVERWMXMSRVEXI WTIGMJMIHEWXLIHYVEXMSRSJXLIXVERWMXMSR 
 7IIw7IXXMRKXLI8VERWMXMSR6EXIx TEKI 
;LIR]SYLEZIWIPIGXIHE[MTISV(1)[MTIEWXLIXVERWMXMSRX]TI
]SYGEREPWSWIXXLIXVERWMXMSRVERKI 7IIw4EXXIVR0MQMXx TEKI 
*SVERMRWXERXERISYWXVERWMXMSR4VIWWXLI?'98AFYXXSR
*SVHIXEMPWWIIw)\IGYXMRKE8VERWMXMSRx TEKI 

8VERWMXMSRPMROIHXSXLIEYHMSQM\IV
-JXLIZMHISWMKREPWIPIGXIHMRXLIFEGOKVSYRH&VS[MWPMROIHXSXLIEYHMSQM\IV
MRWIXYTXLIRXLIEYHMSQM\IVWSYRHGLERKIW[MXLXLIXVERWMXMSR8LEXMW
TVIWWMRKXLI?%98386%27AFYXXSRKMZIWEGVSWWJEHIERHTVIWWMRKXLI
?'98AFYXXSRKMZIWERMRWXERXERISYWWSYRHW[MXGL
*SVHIXEMPWSJWIXYTWIIw'VSWW4SMRX7IXXMRKW <TX%WWMKR1IRY xMR'LETXIV
 :SPYQI 

2SXIW
e 8LIEYHMSQM\IVMWRSXPMROIHXSEWRETWLSXSVOI]JVEQIXVERWMXMSR
e 8LIEYHMSQM\IVMWRSXPMROIHXSEXVERWMXMSRYWMRKXLIJEHIVPIZIV
e -JXLIFYWJM\IHQSHI WIITEKI MWWIPIGXIHMRXLIWIXYTQIRYERHXLI
JEHIVPIZIVMWMRXLIPS[IWXTSWMXMSRXLIVIMWEGVSWWJEHIJVSQXLIEYHMS
WIPIGXIHSRXLI&VS[XSXLIEYHMSWIPIGXIHSRXLI%VS[
e 8LIEYHMSQM\IVMWRSXPMROIHXSEOI]XVERWMXMSR
e -RXLIJSPPS[MRKGEWIWXLIEYHMSERHZMHISQE]FISYXSJW]RG
z ;LIRGEVV]MRKSYXEGVSWWJEHIMRWSQI(1)[MTIW JSVI\EQTPIwTMGXYVI
MRTMGXYVIx
z ;LIRI\IGYXMRKETVIWIXGSPSVQM\MRX[SWXVSOIQSHI
e *SVHIXEMPWSJEYHMSQM\IVWXLEXGERFIYWIH7SR]WIVZMGISVWEPIW
VITVIWIRXEXMZI

 4VSGIHYVIJSV&EWMG8VERWMXMSR3TIVEXMSR
/I]4VMSVMX]7IXXMRK

7IPIGXMRKXLIOI]TVMSVMX]
-JERYQFIVSJOI]WEVIEPVIEH]MRWIVXIHMRXLIGYVVIRXZMHIS]SYGERGLIGOSV
GLERKIXLIOI]TVMSVMX]XLEXMWXSWE]XLISVHIVMR[LMGLXLIOI]WEVISZIVPEMH
;LIREOI]TVMSVMX] ?/)=46-36A MWWIPIGXIHEWXLIRI\XXVERWMXMSR]SYGER
EPWSGLERKIXLIOI]TVMSVMX]MRXLIRI[ZMHIS

8LIOI]TVMSVMX]ZEPYIWKSJVSQXS[MXLELMKLIVTVMSVMX]OI]FIMRKwMR
JVSRXxEWWIIRSRXLIWGVIIR






4VMSVMX]WIUYIRGISRXLIWGVIIR

8LIVIEVIX[S[E]WSJWIXXMRKXLITVMSVMX]IMXLIVYWMRKXLI?46-367)8AFYXXSR
MRXLIXVERWMXMSRGSRXVSPFPSGOSVYWMRKXLI1MWGQIRYXSEGGIWWXLI/I]
4VMSVMX]QIRYJSVXLI1)SV4+1478FERO

2SXI
;LIRXLISTIVEXMRKQSHIMWWIXXSQYPXMTVSKVEQXLIOI]TVMSVMX]WIXXMRK
GERRSXFIQEHI

7IXXMRKXLI/I]4VMSVMX]MRXLI8VERWMXMSR'SRXVSP&PSGO
8LITSWMXMSRWSJXLIFYXXSRWYWIHJSVXLISTIVEXMSREVIEWJSPPS[W

/I]4VMSVMX]7IXXMRK 
32 32 32 32
   
2I\XXVERWMXMSR
WIPIGXMSRFYXXSRW &/+( /)= /)= /)= /)=

/)=46-36FYXXSR /)=
46-36
1-< 2%1
794)6
1-<

478
%00 '3036 ;-4) (1)
1-<

46-367)8FYXXSR
46-36 2361 86%27
2361 6):
7)8 6): 4:;

%983
'98
86%27

482 0-1-8
/*
0-1-8 7)8

8VERWMXMSRGSRXVSPFPSGO

'LERKMRKXLIGYVVIRXP]MRWIVXIHOI]TVMSVMX]
-JXLIRI\XXVERWMXMSRWIPIGXMSRFYXXSR?/)=46-36AMWSRTVIWWERSXLIV
RI\XXVERWMXMSRWIPIGXMSRFYXXSRXSXYVRXLI?/)=46-36AFYXXSRSJJ
;LIRXLI?/)=46-36AFYXXSRMWSRXLIXVERWMXMSRGSRXVSPFPSGO
W[MXGLIWXSXLIQSHIJSVGLERKMRKXLIOI]TVMSVMX]JSVEJXIVXLIXVERWMXMSR

,SPHMRKHS[RXLI?46-367)8AFYXXSRTVIWWXLISRISJXLIRI\XXVERWMXMSR
WIPIGXMSRFYXXSRW?/)=AXS?/)=A ?(7/AXS?(7/AFYXXSRWMRXLI
4+1478FERO JSVXLIOI]XSETTIEVSRXST
8LIWIPIGXIHOI]RS[ETTIEVWSRXSTSRXLITVSKVEQQSRMXSV
8LITVMSVMX]SJOI]WSXLIVXLERXLIWIPIGXIHSRIHSIWRSXGLERKI

/I]WIPIGXIH

/I]TVMSVMX] /I]TVMSVMX]

8SGLERKIXLITVMSVMX]SJQSVIXLERSRIOI]VITIEXXLMWSTIVEXMSREW
VIUYMVIH

 /I]4VMSVMX]7IXXMRK
'LERKMRKXLIOI]TVMSVMX]JSVEJXIVXLIXVERWMXMSR
;LIRI\IGYXMRKEXVERWMXMSRXYVRMRKSRXLIRI\XXVERWMXMSRWIPIGXMSRFYXXSR
?/)=46-36AGEYWIWXLIOI]WXSFIVIEVVERKIHFEWIHSRXLIWIXTVMSVMX]
8SWIXXLIOI]TVMSVMX]JSVEJXIVXLIXVERWMXMSRYWIXLIJSPPS[MRKTVSGIHYVI

-RXLIXVERWMXMSRGSRXVSPFPSGOLSPHHS[RXLI?46-367)8AFYXXSRERH
TVIWWXLI?/)=46-36AFYXXSRXSXYVRMXSR(SRSXVIPIEWIXLI?46-36
7)8AFYXXSRFIJSVIEHZERGMRKXSWXIT
8LI?/)=46-36AFYXXSRPMKLXWKVIIRERHMXFIGSQIWTSWWMFPIXSGLERKI
XLIOI]TVMSVMX]WIXXMRKJSVEJXIVXLIXVERWMXMSR

,SPHHS[RXLI?46-367)8AFYXXSRERHTVIWWXLISRISJXLIRI\X
XVERWMXMSRWIPIGXMSRFYXXSRW?/)=AXS?/)=A ?(7/AXS?(7/A
FYXXSRWMRXLI4+1478FERO JSVXLIOI]]SY[ERXXSFVMRKXSXLIJVSRX
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8SWIXXLITVMSVMX]XSFIXLIWEQIEWFIJSVIXLIXVERWMXMSRTVIWWXLI?&/+(A
FYXXSR

2SXI
8LI?&/+(AFYXXSRMWSRP]IJJIGXMZI[LIRMRXLIQSHIJSVGLERKMRKXLI
OI]TVMSVMX]JSVEJXIVXLIXVERWMXMSR

;LIRXLIRI\XXVERWMXMSRWIPIGXMSRFYXXSR?/)=46-36AMWSRXLIWIPIGXIH
OI]ETTIEVWSRXSTSRXLITVIZMI[QSRMXSV8LITVMSVMX]SJOI]WSXLIVXLER
XLIWIPIGXIHSRIHSIWRSXGLERKI

8SGLERKIXLITVMSVMX]SJQSVIXLERSRIOI]VITIEXXLITVIZMSYWSTIVEXMSR
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)\IGYXIXLIXVERWMXMSR
8LIOI]WEVIVIEVVERKIHFEWIHSRXLIWIXTVMSVMX]

7IXXMRKXLI/I]4VMSVMX]F]E1IRY3TIVEXMSR

'LERKMRKXLITVMSVMX]SJXLIGYVVIRXP]MRWIVXIHOI]W
-RXLI1)SV4+1478QIRYWIPIGXJMVWX:*u1MWGvXLIR,*u/I]
4VMSVMX]v
8LI/I]4VMSVMX]QIRYETTIEVW

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8LIOI]WEVIMRWIVXIHMRXLIOI]TVMSVMX]WIUYIRGI[MXLTVMSVMX]EXXLI
JVSRX

4VMSVMX]

4VMSVMX]


4VMSVMX] 


4VMSVMX]

2SXI
-XMWRSXTSWWMFPIXSWIPIGXXLIWEQIOI]JSVX[SSVQSVITVMSVMX]RYQFIVW

8LIOI]WETTIEVMRXLIWIXSVHIVSRXLITVSKVEQQSRMXSV

'LERKMRKXLIOI]TVMSVMX]JSVEJXIVXLIXVERWMXMSR
-RXLI1)SV4+1478QIRYWIPIGXJMVWX:*u1MWGvXLIR,*u2I\X
/I]4VMSVMX]v
8LI2I\X/I]4VMSVMX]QIRYETTIEVW

*SVIEGLSJ 4VMSVMX]" 4VMSVMX]" 4VMSVMX]"ERH 4VMSVMX]"WIPIGX


EOI]XSHIXIVQMRIXLIOI]TVMSVMX]WIUYIRGI
*SVHIXEMPWSJXLIOI]TVMSVMX]WIUYIRGIWIIXLIJMKYVIWLS[RJSVWXITMR
XLITVIZMSYWMXIQ WIITEKI 

8LIOI]WETTIEVMRXLIWIXSVHIVSRXLITVIZMI[QSRMXSV

)\IGYXIXLIXVERWMXMSR
8LIOI]WEVIVIEVVERKIHMRXLIWIXSVHIVSRXLITVSKVEQQSRMXSV

 /I]4VMSVMX]7IXXMRK
(MWTPE]SJXLI/I]3YXTYX7XEXYWERH/I]4VMSVMX]
=SYGERGLIGO[LIXLIVOI]WEVIGYVVIRXP]SYXTYXERHXLIOI]TVMSVMX]WIXXMRK
YWMRKXLIOI]WXEXYWHMWTPE]MRXLIXVERWMXMSRGSRXVSPFPSGOSJXLI1)SV4+1
478FERO
8LIHMWTPE]MWEFSZIXLIRI\XXVERWMXMSRWIPIGXMSRFYXXSRW?/)=AXS?/)=A
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(MWTPE]SJXLIOI]SYXTYXWXEXYW
;LIREOI]MWMRGPYHIHMRXLISYXTYXJVSQXLI1)SV4+1478FEROXLI
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/I]TVMSVMX]HMWTPE]
8LIOI]TVMSVMX]MWMRHMGEXIHF]RYQIVEPWXSPMKLXMRK
8LIXSTQSWXOI]EWWIIRSRXLITVSKVEQQSRMXSVMWTVMSVMX]ERHXLIOI]W
YRHIVRIEXLEVIRYQFIVIHE[E]JVSQXLIZMI[IV WII TEKI 
8SHMWTPE]XLIOI]TVMSVMX]JSVEJXIVXLIXVERWMXMSRTVIWWXLI?/)=46-36A
FYXXSRMRXLIXVERWMXMSRGSRXVSPFPSGOXYVRMRKMXSR*SVOI]WJSV[LMGLXLI
TVMSVMX]EJXIVXLIXVERWMXMSRMWHMJJIVIRXJVSQXLIGYVVIRXTVMSVMX]XLI
GSVVIWTSRHMRKRYQIVEPWXSJPEWL*SVEOI][MXLXLIWEQITVMSVMX]XLI
MRHMGEXMSRVIQEMRWSR
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0MX 0MX 0MX

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32 32 32 32
   

&/+( /)= /)= /)= /)=

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u8VERWMXMSRv
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7IPIGXXLIVIUYMVIHXVERWMXMSRX]TIMRXLI 8VERWMXMSR8]TI"KVSYT
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XLIWIPIGXIHXVERWMXMSRX]TI
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e w7YTIV1M\7IXXMRKWx TEKI
e w'SPSV1EXXI7IXXMRKWx TEKI
e w7IXXMRKXLI8VERWMXMSR6EXIx TEKI

2SXI
;LIRQYPXMTVSKVEQQSHIMWWIPIGXIHMRXLI7IXYTQIRY WIIw7IXXMRKWJSV
7[MXGLIV'SRJMKYVEXMSR 'SRJMK1IRY xMR'LETXIV :SPYQI XLIVI
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 7IPIGXMRKXLI8VERWMXMSR8]TIF]E1IRY3TIVEXMSR
7YTIV1M\7IXXMRKW

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TSMRXSJXLIXVERWMXMSRMRXLIVERKIXS 

2SXI
8LMWXVERWMXMSRX]TIMWRSXEZEMPEFPIJSVERMRHITIRHIRXOI]XVERWMXMSR

-RXLI1)SV4+1478QIRYWIPIGXJMVWX:*u1MWGvXLIR,*
u8VERWMXMSRv
8LI8VERWMXMSRQIRYETTIEVW

7IPIGX?7YTIV1M\AMRXLI 8VERWMXMSR8]TI"KVSYT

8YVRXLIORSFWXSEHNYWXXLISYXTYXPIZIPW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 %+EMR &EGOKVSYRH%SYXTYXPIZIP XS 
 &+EMR &EGOKVSYRH&SYXTYXPIZIP XS 

7YTIV1M\7IXXMRKW 
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%PWSMRTPEGISJEGSPSVQEXXI]SYGERYWIERMQEKIWIPIGXIHSRXLIYXMPMX]FYW

2SXIW
e 8LMWXVERWMXMSRX]TIMWRSXEZEMPEFPIJSVERMRHITIRHIRXOI]XVERWMXMSR
e -RXLIQYPXMTVSKVEQQSHI]SYGERYWIETVIWIXGSPSVQM\SRP][LIR
WIPIGXMRKXLIFEGOKVSYRHJSVXLIRI\XXVERWMXMSR

3RIWXVSOIQSHIERHSRIXMQIQSHI
e =SYGERQEOIEWIXXMRKWYGLXLEXETVIWIXGSPSVQM\MWGEVVMIHSYXMREWMRKPI
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QM\MWEP[E]WGEVVMIHSYXMRXLISRIWXVSOIQSHI

e =SYGEREPWSQEOIEWIXXMRKWYGLXLEX[LIRETVIWIXGSPSVQM\MWGSQTPIXIH
XLIRI\XXVERWMXMSRW[MXGLIWXSXLITVIZMSYWXVERWMXMSRX]TIEYXSQEXMGEPP]
8LMWMWGEPPIHwSRIXMQIQSHIx

;LIRSRP]XLIFEGOKVSYRHMWGLERKIH

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&]QIERWSJE7IXYTQIRYWIXXMRKMXMWTSWWMFPIXSTVIWIVZIXLIOI]WXEXI[LMPI
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;LIR[MXLEOI]MRWIVXIHEOI]MWWIPIGXIHMRXLIRI\XXVERWMXMSR

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/I] VIQSZIH

4VIWIXGSPSVQM\ [LIRWIXXSTVIWIVZIOI]WXEXI

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 0YQMRERGI 0YQMRERGI XS

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 7EXYVEXMSR 7EXYVEXMSR XS
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&]GSQFMRMRKGSQQSRXVERWMXMSRW[MXLMRHITIRHIRXOI]XVERWMXMSRWHMJJIVIRX
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;LIRXLIEYHMSQM\IVMWPMROIHMRWIXYT]SYGERGEVV]SYXEREYXSXVERWMXMSR
ERHEPWSW[MXGLXLIWSYRH[MXLXLIEYHMSQM\IV 7IIw8VERWMXMSRPMROIHXSXLI
EYHMSQM\IVx TEKI 

8VERWMXMSR-RHMGEXSV*YRGXMSR
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0MX

8VERWMXMSRMRHMGEXSV

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7IXXMRKXLI8VERWMXMSR6EXI
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8VERWMXMSRQIRYJSVXLI1)SV4+1478FERO
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IEGLSJXLI1)ERH4+1478FEROWERHGLERKIXLIWIXXMRKW 7II
w(MWTPE]MRKE0MWXSJ8VERWMXMSR6EXIWERH'LERKMRKXLI7IXXMRKWx TEKI
 

2SXI
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XLIXVERWMXMSRVEXI

*VEQIMRTYXQSHIERHXMQIGSHIMRTYXQSHI
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QSHIERHXMQIGSHIMRTYXQSHI8LIJVEQIMRTYXQSHIMWWIPIGXIH
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QSHIMWWIPIGXIHEYXSQEXMGEPP][LIRXLIXMQIGSHIHMWTPE]QSHIMWWIPIGXIH
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8MQIGSHIMRTYXQSHI8LIIRXIVIHZEPYIMWEXMQIGSHIZEPYI
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2SXI
;LIVIEW]SYGERIRXIVEZEPYISJYTXSMRJVEQIMRTYXQSHIEZEPYIRSX
WQEPPIVXLERWIGSRHWGERRSXFIIRXIVIHMRXMQIGSHIMRTYXQSHI

*VEQIHMWTPE]QSHIERHXMQIGSHIHMWTPE]QSHI
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 :SPYQI 

2SXI
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e ;LIRXLIPMQMXZEPYIMWWIXXS XLIIJJIGXEXXLIIRHSJXLIXVERWMXMSRMW
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2SXIW
e %TEXXIVRPMQMXSRP]ETTPMIW[LIRE[MTISV(1)[MTIMWWIPIGXIHEWXLI
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e %TEXXIVRPMQMXGERRSXFIETTPMIHXSERMRHITIRHIRXOI]XVERWMXMSR WIITEKI
 

32 32 32 32
   

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FYXXSRMWTVIWWIHPEXIV

'SQQSRXVERWMXMSR -RHITIRHIRXOI] 8LIXVERWMXMSR


[MTI WXEVX XVERWMXMSR QM\  GSQTPIXIW[MXLXLI
WXEVX OI]HIPIXIH

)\EQTPI;LIRXLIGSQQSRXVERWMXMSR?%98386%27AFYXXSRMW
TVIWWIHPEXIV

-RHITIRHIRX 'SQQSR 8LIXVERWMXMSR


OI]XVERWMXMSR XVERWMXMSR [MTI  GSQTPIXIW[MXLXLI
QM\ WXEVX WXEVX OI]HIPIXIH

8MQISJJWIXI\IGYXMSR[MXLXLIOI]RSXMRWIVXIH

-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG-RHITIRHIRX/I]8VERWMXMSR3TIVEXMSRW

-RHITIRHIRXOI]HS[RWXVIEQOI]XVERWMXMSRI\IGYXMSRWIGXMSR

32 32 32 32
   

(7/
&/+( /)= /)= /)= /)= 86%27

/)= 794)6
1-< 2%1
46-36 1-<
(7/
86%27

478
%00 '3036 ;-4) (1)
1-<

(7/
46-36 2361 86%27 86%27
2361 6):
7)8 6): 4:;

%983
'98 (7/
86%27
86%27
482 0-1-8
/*
0-1-8 7)8

8VERWMXMSRGSRXVSPFPSGO

=SYGERWIXMRHITIRHIRXXVERWMXMSRWJSVXLIOI]IVWSRXLI1)SV4+1478
FERO
8SI\IGYXIERMRHITIRHIRXOI]XVERWMXMSRTVIWWXLIETTVSTVMEXIFYXXSRMRXLI
MRHITIRHIRXOI]HS[RWXVIEQOI]XVERWMXMSRI\IGYXMSRWIGXMSRSJXLIXVERWMXMSR
GSRXVSPFPSGO
8LIGSPSV[MXL[LMGLFYXXSRWEVIPMXWLS[WXLIWXEXYWEWJSPPS[W
0MXKVIIR(YVMRKEXVERWMXMSR
0MXEQFIV/I]MRWIVXIH
0MXVIH/I]MRWIVXIHMRXSJMREPSYXTYXZMHIS
2SXPMX/I]RSXMRWIVXIH
8SWIPIGXXLIXVERWMXMSRX]TIERHWIXXLIXVERWMXMSRVEXIYWIEQIRYSTIVEXMSR

2SXI
-RERMRHITIRHIRXOI]XVERWMXMSRXLITEXXIVRPMQMXJYRGXMSRMWRSXEZEMPEFPI

7IXXMRKXLI-RHITIRHIRX/I]8VERWMXMSR8]TIF]E1IRY
3TIVEXMSR
=SYGEREPWSWIPIGXXLIVIUYMVIHMRHITIRHIRXOI]XVERWMXMSRX]TIF]EQIRY
STIVEXMSR

 -RHITIRHIRX/I]8VERWMXMSRW
-RXLI1)SV4+1478QIRYWIPIGXJMVWXXLIHIWMVIHSRIJVSQ:*
u/I]vXS:*u/I]vXLIR,*u8VERWMXMSRv
8LI8VERWMXMSRQIRYJSVXLIWIPIGXIHETTIEVW

7IPIGXXLIVIUYMVIHXVERWMXMSRX]TIMRXLI 8VERWMXMSR8]TI"KVSYT
-JMRXLI7IXYTQIRYW]SYWIXMRWIVXMSRHIPIXMSREWMRHITIRHIRXQSHIW
QEOIXLIWIXXMRKWJSVMRWIVXMSRMRXLI 3R8VERWMXMSR8]TI"KVSYTERHXLI
WIXXMRKWJSVHIPIXMSRMRXLI 3JJ8VERWMXMSR8]TI"KVSYT

7IXXMRKXLI-RHITIRHIRX/I]8VERWMXMSR6EXI
8LIVIEVIX[S[E]WSJWIXXMRKXLIXVERWMXMSRVEXIYWMRKXLIRYQIVMGOI]TEH
GSRXVSPFPSGOXSIRXIVERYQIVMGZEPYISVYWMRKXLI/I]QIRYXSEGGIWWXLI
8VERWMXMSRQIRYJSVXLI1)SV4+1478FERO
=SYGEREPWSHMWTPE]XLIXVERWMXMSRVEXIERHMRHITIRHIRXOI]XVERWMXMSRVEXIJSV
IEGLSJXLI1)ERH4+1478FEROWERHGLERKIXLIWIXXMRKWw(MWTPE]MRKE
0MWXSJ8VERWMXMSR6EXIWERH'LERKMRKXLI7IXXMRKWx TEKI 
;LIRXLIWIXYTWIPIGXMSRMWJSVWITEVEXIXVERWMXMSRVEXIWJSVMRWIVXMRKSVHIPIXMRK
EOI]]SYGERWIXFSXLVEXIWMRHITIRHIRXP]*SVI\EQTPI[MXLXLIW]WXIQMR
XLIWXEXI[MXLXLIOI]RSXMRWIVXIHXLIXVERWMXMSRVEXIWIXXMRKETTPMIWXSOI]
MRWIVXMSR

7IXXMRKXLIMRHITIRHIRXOI]XVERWMXMSRVEXIMRXLIRYQIVMG
OI]TEHGSRXVSPFPSGO
-RXLIRYQIVMGOI]TEHGSRXVSPFPSGOLSPHHS[RXLI?86%276%8)A
FYXXSRERHMRXLIMRHITIRHIRXOI]XVERWMXMSRGSRXVSPFPSGOTVIWWXLI
HIPIKEXMSRFYXXSR?/)=AXS?/)=A ?(7/AXS?(7/AMRXLI4+1478
FERO JSVXLIOI]JSV[LMGL]SY[ERXXSWIXXLIXVERWMXMSRVEXI
8LIRYQIVMGOI]TEHGSRXVSPFPSGOGLERKIWXSXLIQSHIJSVMRTYXXMRKXLI
MRHITIRHIRXOI]XVERWMXMSRVEXIERHMXWHMWTPE]RS[WLS[WXLI
GSVVIWTSRHMRKVIKMSRREQIERHXLIGYVVIRXXVERWMXMSRVEXIWIXJSVXLI
VIKMSR

;MXLXLIRYQIVMGOI]TEHIRXIVXLIXVERWMXMSRVEXI
e )RXIVEZEPYISJYTXSXLVIIHMKMXW
e 8SGPIEVXLIIRXV]ZEPYITVIWWXLI?'06AFYXXSR
*SVHIXEMPWSJJVEQIMRTYXQSHIERHXMQIGSHIMRTYXQSHIWIITEKI

4VIWWXLI?)28)6AFYXXSR

-RHITIRHIRX/I]8VERWMXMSRW 
8LMWGSRJMVQWXLIIRXV]ERHXLIWIPIGXIHVIKMSRREQIERHXLIWIXXVERWMXMSR
VEXIETTIEVMRXLIRYQIVMGOI]TEHGSRXVSPFPSGOHMWTPE]

8SIRXIVEHMJJIVIRGIJVSQXLIGYVVIRXZEPYI
%JXIVTVIWWMRKXLI?zAFYXXSRIRXIVXLIHMJJIVIRGIERHTVIWWXLI?86-1A
FYXXSR
8SGLERKIXLIWMKR SVz TVIWWXLI?zAFYXXSR

7IXXMRKXLIMRHITIRHIRXOI]XVERWMXMSRVEXIF]EQIRYSTIVEXMSR
-RXLI1)SV4+1478QIRYWIPIGXJMVWXXLIHIWMVIHSRIJVSQ:*
u/I]vXS:*u/I]vXLIR,*u8VERWMXMSRv
8LI8VERWMXMSRQIRYJSVXLIWIPIGXIHOI]ETTIEVW

7IPIGXER]XVERWMXMSRX]TIMRXLI 8VERWMXMSR8]TI"KVSYT
-JMRXLI7IXYTQIRYW]SYWIXMRWIVXMSRHIPIXMSREWMRHITIRHIRXQSHIW
QEOIXLIWIXXMRKWJSVMRWIVXMSRMRXLI 3R8VERWMXMSR8]TI"KVSYTERHXLI
WIXXMRKWJSVHIPIXMSRMRXLI 3JJ8VERWMXMSR8]TI"KVSYT

8YVRXLIORSFXSWIXXLIXVERWMXMSRVEXI

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 8VERWMXMSR6EXI 8VERWMXMSRVEXI XS JVEQIGSYRX

(MWTPE]MRKXLIMRHITIRHIRXOI]XVERWMXMSRVEXIWMREQIRYERH
GLERKMRKXLIWIXXMRKW
*SVIEGLSJXLI1)ERH4+1478FEROW]SYGEREPWSHMWTPE]XLIXVERWMXMSR
VEXIERHMRHITIRHIRXOI]XVERWMXMSRVEXIERHGLERKIXLIWIXXMRKW
*SVQSVIHIXEMPWWIIw(MWTPE]MRKE0MWXSJ8VERWMXMSR6EXIWERH'LERKMRKXLI
7IXXMRKWx TEKI 

 -RHITIRHIRX/I]8VERWMXMSRW
'LETXIV /I]W
3ZIVZMI[
/I]8]TIW
/I]1SHMJMIVW
/I]1IQSV]
/I](IJEYPX 
/I]7IXXMRK3TIVEXMSRW9WMRK1IRYW
/I]7IXXMRK1IRYW 
/I]8]TI7IXXMRK
'LVSQE/I]'SQTSWMXMSR
'LVSQE/I]%HNYWXQIRXW 
7IPIGXMRK/I]*MPPERH/I]7SYVGI 
/I])HKI1SHMJMGEXMSRW
1EWOW
%TTP]MRKE(1))JJIGXXSE/I] 
/I]1SHMJ]'PIEV
&PMRO*YRGXMSR 
:MHIS4VSGIWWMRK
/I]7IXXMRK3TIVEXMSRW;MXLXLI'VSWW4SMRX'SRXVSP&PSGO
%TTP]MRKE(1))JJIGXXSE/I] 
/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
3TIVEXMSRWMRXLI/I]'SRXVSP&PSGO 
/I])HKI1SHMJMGEXMSRW
1EWOW
%TTP]MRKE(1))JJIGXXSE/I] 
3XLIV/I]7IXXMRK3TIVEXMSRW 
6IWM^IV 
8[S(MQIRWMSREP8VERWJSVQEXMSRWSJ/I]W 
6IWM^IV-RXIVTSPEXMSR7IXXMRKW 
6IWM^IV'VST&SVHIV7IXXMRKW
%TTP]MRK6IWM^IV)JJIGXW
/I]7RETWLSXW
/I]7RETWLSX3TIVEXMSRW 
3ZIVZMI[

%OI]MWERIJJIGXMR[LMGLETEVXSJXLIFEGOKVSYRHMQEKIMWVITPEGIHF]ER
MQEKISVWYTIVMQTSWIHXI\X8LIWMKREPHIXIVQMRMRKLS[XLIFEGOKVSYRHMWGYX
SYXMWXIVQIHwOI]WSYVGIxERHXLIWMKREPXLEXVITPEGIWXLIGYXSYXTEVXMW
XIVQIHwOI]JMPPx
8LIW]WXIQGSQTSRIRXVIWTSRWMFPIJSVTVSGIWWMRKEOI]MWVIJIVVIHXSEWE
OI]IV

2SXI
8LIVIEVIWSQIVIWXVMGXMSRWSRXLIJYRGXMSRWXLEXGERFIYWIH[MXLOI]ERH
OI]GSQTEVIHXSOI]ERHOI]

/I]8]TIW
8LIOI]X]TIMRHMGEXIWXLIQERRIVMR[LMGLXLIOI]WSYVGIWMKREPMWYWIHXSGYX
SYXXLIFEGOKVSYRH-RIEGLFERO]SYGERYWIXLIJSPPS[MRKOI]X]TIW=SY
GERWIPIGXXLIOI]X]TIYWMRKXLIOI]X]TIWIPIGXMSRFYXXSRWMRXLIOI]GSRXVSP
FPSGOSVF]EWIXXMRKMRXLI8]TIQIRYJSVXLIOI]IV 7IIw/I]8]TI7IXXMRKx
TEKI 

0YQMRERGIOI]
8LIFEGOKVSYRHMWGYXSYXEGGSVHMRKXSXLIPYQMRERGI = SJXLIOI]WSYVGI
WMKREPERHEXXLIWEQIXMQIXLIOI]JMPPWMKREPMWGYXSYXERHXLIREHHIHXSXLI
FEGOKVSYRHWMKREP

0MRIEVOI]
8LMWMWEX]TISJPYQMRERGIOI]FYXXLIVIMWEVIHYGIHZEVMEFMPMX]MRKEMR
EPPS[MRKQSVITVIGMWIEHNYWXQIRX

'SPSVZIGXSVOI]
8LIOI]WMKREPMWGVIEXIHJVSQEGSQFMREXMSRSJXLIPYQMRERGIERH
GLVSQMRERGIGSQTSRIRXWSJXLIOI]WSYVGIWMKREP;LIRTIVJIGXOI]MRKMWRSX
TSWWMFPI[MXLEPYQMRERGIOI]XLMWEPPS[WEOI]WMKREPXSFIGVIEXIHIZIRMJXLI
PYQMRERGIPIZIPMWPS[TVSZMHIHXLEXXLIGSPSVWLEZILMKLWEXYVEXMSR

3ZIVZMI[ 
'PIERQSHI
-REPYQMRERGIOI]PMRIEVOI]SVGSPSVZIGXSVOI]]SYGERIREFPIXLIGPIER
QSHI;LIRXLIGPIERQSHIMWSRXLIOI]WSYVGIHSIWRSXEJJIGXXLIOI]JMPP
[LMGLMWEHHIHYRGLERKIHXSXLIFEGOKVSYRH8LMWMQTVSZIWXLIOI]IHMQEKI
UYEPMX]FYXQIERWXLEXXLITEVXSJXLIOI]JMPPWMKREP[LMGLMWRSXXSFIMRWIVXIH
QYWXFIGSQTPIXIP]FPEGOSVMX[MPPGSPSVXLIFEGOKVSYRH=SYWIXXLIGPIER
QSHI[MXLXLI8]TIQIRYSJXLIVIWTIGXMZIOI]IV 7IIw7IXXMRKXLIOI]X]TIMR
EQIRYx TEKI 
2SXIXLEXMRXLIJSPPS[MRKWMXYEXMSRWXLIGPIERQSHIKSIWSJJERHGERRSXFI
XYVRIHSR
e ;LIRXLIOI]X]TIMWETEXXIVROI]
e ;LIROI]MRZIVWMSRMWSR
e ;LIRXLIOI]JMPPMWEQEXXI
e ;LIRXLIOI]IHKIMWERSYXPMRI
e ;LIRXLIOI]IHKIMWRSVQEP[MXLWSJXIHKIFIMRKSR
e ;LIRJMRIOI]MWSR
e ;LIRXLIOI]TSWMXMSRIVMWSR

'LVSQEOI]
%OI]WMKREPFEWIHSRETEVXMGYPEVGSPSVMWYWIHXSGYXSYXXLIFEGOKVSYRHERH
XLIOI]JMPPMWXLIRMRWIVXIH8LIMRWIVXIHWMKREPMWEPWSVIJIVVIHXSEWXLI
JSVIKVSYRHERHXLIGSQTSWMXIMQEKIMWGEPPIHEGLVSQEOI]MQEKI

*SVIKVSYRH &EGOKVSYRH

'LVSQEOI]MQEKI

*SVHIXEMPWSJGLVSQEOI]GSQTSWMXMSRWIIw'LVSQE/I]'SQTSWMXMSRx TEKI
 *SVHIXEMPWSJZMHISEHNYWXQIRXSTIVEXMSRWERHXLIEHNYWXQIRXMXIQWWII
w'LVSQE/I]%HNYWXQIRXWx TEKI 

 3ZIVZMI[
/I][MTITEXXIVROI]
8LMWYWIWXLI[MTITEXXIVRWIPIGXIHJSVERMRHITIRHIRXOI]XVERWMXMSREWXLIOI]
WSYVGI

2SXISR[MTITEXXIVRQSHMJMIVW
-REOI][MTITEXXIVROI]]SYGERETTP]ZEVMSYWQSHMJMGEXMSRWHITIRHMRKSR
XLITEXXIVRYWIHERHXLIQSHMJMIVWMRGSQQSR[MXLE[MTI
,S[IZIVQSHMJMIVW[LMGLVIPEXIXSXLI[MTIHMVIGXMSRERHIHKIEVIRSX
VIJPIGXIH

/I]1SHMJMIVW

)HKIQSHMJMIVW

2SXI
*SVOI]ERHOI]MXMWRSXTSWWMFPIXSYWIIHKIQSHMJMIVW

=SYGERETTP]FSVHIVWERHSXLIVIJJIGXWXSXLIIHKISJXLIOI] 7IIw/I])HKI
1SHMJMGEXMSRWx TEKIWERH 

2EQI )JJIGX -QEKI


2SVQEP 8LMWMWXLIWXEXI[MXLRSOI]IHKIQSHMJMIVW
ETTPMIH

&SVHIV 8LMWETTPMIWEYRMJSVQ[MHXLFSVHIVXSXLI
IHKISJXLIOI]=SYGEREHNYWXXLIFSVHIV
[MHXLERHHIRWMX]=SYGEREPWSIREFPIXLI
WITEVEXIIHKIJYRGXMSRERHEHNYWXXLIXST
FSXXSQPIJXERHVMKLXFSVHIV[MHXLW
WITEVEXIP]

3ZIVZMI[ 
2EQI )JJIGX -QEKI
(VST 8LMWETTPMIWEFSVHIVFIPS[ERHXSXLIVMKLX
FSVHIV JSVI\EQTPISJXLIOI]=SYGEREHNYWXXLI
FSVHIV[MHXLTSWMXMSRERHHIRWMX]

7LEHS[ 8LMWETTPMIWEWLEHS[FIPS[ERHXSXLIVMKLX
JSVI\EQTPISJXLIOI]=SYGEREHNYWXXLI
WLEHS[[MHXLTSWMXMSRERHHIRWMX]

3YXPMRI 8LMWYWIWXLISYXPMRISJXLISVMKMREPOI]EW
XLIOI]=SYGEREHNYWXXLI[MHXLERHHIRWMX]
SJXLISYXPMRI=SYGEREPWSIREFPIXLI
WITEVEXIIHKIJYRGXMSRERHEHNYWXXLIXST
FSXXSQPIJXERHVMKLXSYXPMRI[MHXLW
WITEVEXIP]

)QFSWW 8LMWETTPMIWERIQFSWWMRKIJJIGXXSXLI z
SYXPMRISJXLIOI]=SYGEREHNYWXXLI[MHXL
ERHTSWMXMSRSJXLIIQFSWWMRKERHXLI
HIRWMX]=SYGEREHNYWXXLIHIRWMX]
WITEVEXIP]JSVOI]JMPPERHOI]IHKI;LIR
IQFSWWMRKMWSRXLI*MRI/I]ERH^EFXSR
JYRGXMSRWKSSJJ
7SJX 8LMWWSJXIRWXLIIHKISJXLIOI] z
IHKI
>EFXSR 8LMWMRWIVXWEXVERWPYGIRXTEXXIVRFILMRHE z
OI]=SYGEREHNYWXXLITEXXIVRWM^I
WSJXRIWWHIRWMX]ERHGSPSV

)HKIX]TIERHOI]JMPPOI]WSYVGITSWMXMSR

2SXI
*SVOI]ERHOI]MXMWRSXTSWWMFPIXSWIXOI]HVSTXS3R

 3ZIVZMI[
8LIOI]IHKIQSHMJMGEXMSRJYRGXMSRLEWX[SQSHIWEQSHI wOI]HVST32
QSHIx MR[LMGLXLIOI]JMPPOI]WSYVGITSWMXMSRQSZIWHS[R[EVHERHEQSHI
wOI]HVST3**QSHIx MR[LMGLMXHSIWRSXQSZIHS[R[EVH
/I]HVST32QSHI8LIOI]JMPPOI]WSYVGITSWMXMSRQSZIWHS[R[EVHF]
IMKLXWGERPMRIWSVJSYVWGERPMRIW;LIREHVSTFSVHIVSVWLEHS[MW
WIPIGXIHMXMWTSWWMFPIXSETTP]EFSVHIVXSXLIXSTIHKISJXLIOI]
/I]HVST3**QSHI8LIOI]JMPPOI]WSYVGITSWMXMSRHSIWRSXQSZI;LIR
EHVSTFSVHIVSVWLEHS[MWWIPIGXIHMXMWRSXTSWWMFPIXSETTP]EFSVHIVXS
XLIXSTIHKISJXLIOI]
-RXLIOI]HVST32QSHIEQIRYWIXXMRKWIPIGXWFIX[IIRXLIQSHI w,
QSHIx MR[LMGLXLIOI]JMPPOI]WSYVGITSWMXMSRMWPS[IVIHF]JSYVWGERPMRIW
ERHXLIQSHI w,QSHIx MR[LMGLXLIOI]JMPPOI]WSYVGITSWMXMSRMWPS[IVIH
F]IMKLXWGERPMRIW
;LIR*MRI/I]MWSRXLIIHKI[MHXLMWJSVGIHXSXLIVERKIXS

2SXIXLEXMRXLIJSPPS[MRKWMXYEXMSRWXLIOI]HVSTQSHIMWJSVGMFP]XYVRIHSR
e ;LIRXLIIHKIX]TIMWFSVHIVSYXPMRISVIQFSWW
e ;LIRXLIIHKIX]TIMWRSVQEP[MXLWSJXIHKIFIMRKSR
e ;LIR*MRI/I]MWSR

8SJM\OI]JMPPOI]WSYVGIMROI]HVSTSJJQSHI
-RXLI)HKIQIRYW[MXGLJVEQIHIPE]QSHISR WIITEKI 
6IKEVHPIWWSJXLIJMRIOI]ERHIHKIX]TIWIXXMRKWOI]JMPPERHOI]WSYVGIEVI
JM\IHMROI]HVSTSJJQSHI-RXLMWQSHIOI]MQEKILEWESRIJVEQIHIPE]

2SXIW
e 8LMWJYRGXMSRYWIWXLIVIWM^IVERHXLIVIJSVIXLIRSVQEPIJJIGXSJXLIWIXXMRK
MWRSXSFXEMRIH[LMPIYWMRK(1)[MTISVSXLIVIJJIGXXLEXYWIWXLIVIWM^IV
e 8LMWJYRGXMSRGERRSXFIYWIHJSVOI]SVOI]

)HKIJMPP
;LIREFSVHIVHVSTFSVHIVSVWLEHS[QSHMJMIVMWWIPIGXIH]SYGERWIPIGXE
WMKREPXSJMPPXLIWIIHKIIJJIGXW
8LIIHKIJMPPMWXLIWMKREPJVSQXLIHIHMGEXIHGSPSVQEXXIKIRIVEXSV
-RXLIGEWISJERSYXPMRIXLIVIMWRSIHKIJMPPWMKREPWIPIGXMSRFIGEYWIXLIOI]
JMPPWMKREPJMPPWXLISYXPMRIERHXLIVIWXSJXLIMQEKIVIQEMRWEWXLIFEGOKVSYRH
*SVXLIIQFSWWIJJIGXMRTPEGISJXLIIHKIJMPPWMKREPXLIIQFSWWJMPPQEXXI
ERHIQFSWWJMPPQEXXIWMKREPWEVIYWIH

1EWOW
%QEWOMWYWIHXSMRLMFMXXLIIJJIGXSJEOI]SZIVETEVXSJXLIMQEKI8LMW
EPPS[WTEVXWSJXLIFEGOKVSYRH[LMGL[SYPHSXLIV[MWIFIOI]IHXSFI
TVSXIGXIHSVXSGSVVIGXXLIOI]MJMXMWRSXSJXLIHIWMVIHWLETI

3ZIVZMI[ 
*SVHIXEMPWSJQEWOMRKSTIVEXMSRWWIIw1EWOWx TEKIWERH 

/I]QEWOERHFEGOKVSYRHQEWO
8LIVIEVIX[SX]TIWSJQEWOEOI]QEWOERHEFEGOKVSYRHQEWO
/I]QEWO8LMWQEWOWSYXETEVXSJXLIOI][LMGL[MPPVIWYPXMRXLI
FEGOKVSYRHETTIEVMRK
&EGOKVSYRHQEWO8LMWQEWOWSYXETEVXSJXLIFEGOKVSYRH[LMGL[MPPVIWYPX
MRXLIOI]JMPPETTIEVMRK

1EWOIHEVIE FS\

/I]QEWO &EGOKVSYRHQEWO

1EMRQEWO8LMWYWIWXLIWMKREPJVSQXLIHIHMGEXIHFS\KIRIVEXSVTVSZMHIH
SRIEGLOI]IVSVXLIWMKREPJVSQXLIHIHMGEXIHTEXXIVRKIRIVEXSVEWXLI
QEWOWSYVGI
;LIRXLIFS\KIRIVEXSVMWWIPIGXIHEVIGXERKYPEVQEWOMWJSVQIH
;LIRXLITEXXIVRKIRIVEXSVMWWIPIGXIH]SYGERWIPIGXXLITEXXIVRERHETTP]
QSHMJMIVW

/I]1IQSV]
8LIOI]QIQSV]JYRGXMSREPPS[WXLIOI]IVWIXXMRKWSRIEGLGVSWWTSMRXFYXXSR
XSFIEYXSQEXMGEPP]WXSVIHWSXLEXXLIRI\XXMQIXLIWEQIGVSWWTSMRXFYXXSRMW
WIPIGXIHXLIWIWIXXMRKWEVIVIGEPPIHEYXSQEXMGEPP]
8LIVIEVIX[SQSHIWJSVOI]QIQSV]WMQTPIQSHIERHJYPPQSHI
8LITEVEQIXIVWWXSVIHMRIEGLQSHIEVIEWJSPPS[W
7MQTPIQSHIOI]X]TIGPIERQSHI MRGPYHMRKXLITPERIWIXXMRKJSVGLVSQE
OI]MRK OI]TSWMXMSROI]MRZIVWMSRERHEHNYWXQIRXZEPYIWJSVXLI
TEVXMGYPEVOI]X]TI 'PMT+EMR(IRWMX]*MPXIVIXG8LMWMRGPYHIWGSPSV
ZIGXSVOI]OI][MTITEXXIVROI]ERHGLVSQEOI],S[IZIVMRXLIGEWISJ
EGLVSQEOI]MXI\GPYHIWGSPSVGERGIP=FEPERGIJSVIKVSYRH''6
[MRHS[ERHWLEHS[
*YPPQSHI%PPWIXXMRKWI\GITXXVERWMXMSR XLIWEQITEVEQIXIVWEWWMQTPIQSHI
*MRI/I]OI]QSHMJMIVWQEWOWIXXMRKWGLVSQEOI]HIXEMPIHWIXXMRKWERH
WSSR

 3ZIVZMI[
*SVXLIWIXXMRKWJSVXLIWIQSHIWWIIw7IXXMRKW6IPEXMRKXS/I]W;MTIW*VEQI
1IQSV]ERH'SPSV'SVVIGXMSR /I];MTI*1''61IRY xMR'LETXIV
:SPYQI 

/I](IJEYPX
;MXLEWMQTPISTIVEXMSR]SYGERVIXYVRXLIOI]EHNYWXQIRXZEPYIWXSXLIMV
HIJEYPXW
8LIEHNYWXQIRXZEPYIW[LMGLGERFIVIXYVRIHXSXLIMVHIJEYPXZEPYIWEVIEW
JSPPS[W
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8SWIPIGXXLIOI]JMPPWMKREPYWIXLIOI]FYWFYXXSRWMRXLIGVSWWTSMRX
GSRXVSPFPSGO

7IPIGXMRKOI]WSYVGI
e 8SYWIXLIOI]WSYVGITEMVIH[MXLXLIOI]JMPPWMKREPWIPIGXIHSRXLIOI]JMPP
FYWTVIWWXLI?%9837)0AFYXXSRXYVRMRKMXSR8LITEMVMRKSJXLIGVSWW
TSMRXFYXXSRWJSVOI]JMPPERHOI]WSYVGIMWGEVVMIHSYXMRXLI7IXYTQIRY 7II
w'VSWW4SMRX7IXXMRKW <TX%WWMKR1IRY xMR'LETXIV :SPYQI 
e 8SWIPIGXOI]WSYVGIMRHITIRHIRXP]SJXLIOI]JMPPWMKREPWIPIGXIHSRXLIOI]
JMPPFYWERHTEMVIH[MXLOI]WSYVGILSPHHS[RXLIOI]HIPIKEXMSRFYXXSR
?/)=AXLIRTVIWWXLIHIWMVIHOI]VS[FYXXSRMRXLIGVSWWTSMRXGSRXVSP
FPSGO
e 8SYWIEWOI]WSYVGIXLIWEQIWMKREPEWXLIOI]JMPPWMKREPWIPIGXIHSRXLIOI]
JMPPFYWWIPIGXXLI7)0*QSHIF]TVIWWMRKXLI?%9837)0AFYXXSRERH

 /I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO
?740-8AFYXXSRWMQYPXERISYWP]WSXLEXFSXLEVISJJ;LIRGLVSQEOI]MW
WIPIGXIHEWXLIOI]X]TIWIPIGXXLI7)0*QSHI

/I])HKI1SHMJMGEXMSRW

2SXI
*SVOI]ERHOI]MXMWRSXTSWWMFPIXSYWIIHKIQSHMJMIVW-XMWEPWSRSX
TSWWMFPIXSWIX?*MRI/I]AXS3R

8SETTP]EQSHMJMGEXMSRXSXLIOI]IHKITVIWWSRISJXLIIHKIX]TIWIPIGXMSR
FYXXSRWMRXLIOI]GSRXVSPFPSGO

?&(6AFYXXSRFSVHIV
?(634&(6AFYXXSRHVSTFSVHIV
?7,(;AFYXXSRWLEHS[
?3980-2)AFYXXSRSYXPMRI
?)1&37AFYXXSRIQFSWW
*SVERSZIVZMI[SJXLIIHKIQSHMJMGEXMSRWWIIw)HKIQSHMJMIVWx TEKI 

8LITVIWWIHFYXXSRPMKLXWKVIIRERH]SYGERRS[EHNYWXXLITEVEQIXIVW[MXL
XLIORSFW8LIHMWTPE]FIWMHIIEGLORSFWLS[WXLIJMVWXPIXXIVSJXLITEVEQIXIV
REQIERHXLIXLVIIHMKMXWIXXMRKZEPYI

7IXXMRKXLIFSVHIVTEVEQIXIVW
;LIRXLI?&(6AFYXXSRMWPMXKVIIRXLITEVEQIXIVWIXXMRKWHITIRHSRXLIOI]
X]TIERH[LIXLIVXLIWITEVEXIIHKIJYRGXMSRMWEGXMZI8SEGXMZEXIXLIWITEVEXI
IHKIJYRGXMSRTVIWW?7ITEVEXI)HKIAWIXXMRKMXSRMRXLI)HKIQIRYJSVXLI
OI]

e 7ITEVEXIIHKISJJ
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL &SVHIV[MHXL XSE
XS F
 (IRWMX] &SVHIVHIRWMX] XS

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS


F ;LIRE[MTITEXXIVROI]SVOI][MTITEXXIVROI]MWWIPIGXIHEWXLIOI]X]TI

e 7ITEVEXIIHKISR
8LIFSVHIV[MHXLWIXXMRKWGERFIQEHIMRHITIRHIRXP]JSVPIJXVMKLXXSTERH
FSXXSQWMHIW8LIWITEVEXIIHKIJYRGXMSRMWSRP]EZEMPEFPI[LIRPYQMRERGI
OI]PMRIEVOI]SVGLVSQEOI]MWWIPIGXIHEWXLIOI]X]TI

/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 8ST 8STIHKI[MHXL XSE
 0IJX 0IJXIHKI[MHXL XSE
 6MKLX 6MKLXIHKI[MHXL XSE
 &SXXSQ &SXXSQIHKI[MHXL XSE

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS

8SEHNYWXXLIIHKIJMPPGSPSV
;LIR?&(6AMWWIPIGXIHXLI?136)AFYXXSRPMKLXWEQFIV4VIWWMRKXLI
?136)AFYXXSRXSXYVRMXKVIIRXLIREPPS[W]SYXSEHNYWXXLIIHKIJMPPGSPSV
TEVEQIXIVW[MXLXLIORSFW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS
 (IRWMX] (IRWMX] XS

7IXXMRKXLIHVSTFSVHIVSVWLEHS[TEVEQIXIVW
;LIRXLI?(634&(6ASV?7,(;AFYXXSRMWPMXKVIIRXLITEVEQIXIVWIXXMRKW
HMJJIVFIX[IIRXLIwOI]HVST3**xERHwOI]HVST32xQSHIW WIITEKI 
EWWLS[RFIPS[7[MXGLMRKFIX[IIRXLIWIX[SQSHIWMWQEHIF]XYVRMRKXLI
?/)=(634AFYXXSRSRSVSJJ

e w/I]HVST3**xQSHI
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL ;MHXL XSE
 4SWMXMSR 4SWMXMSR XS
 (IRWMX] (IRWMX] XS

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS

e w/I]HVST32xQSHI
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL ;MHXL XSE
 4SWMXMSR 4SWMXMSR XS
 (IRWMX] (IRWMX] XS

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS

 /I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO
8SEHNYWXXLIIHKIJMPPGSPSV
;LIR?(634&(6ASV?7,(;AMWWIPIGXIHXLI?136)AFYXXSRPMKLXWEQFIV
4VIWWMRKXLI?136)AFYXXSRXSXYVRMXKVIIRXLIREPPS[W]SYXSEHNYWXXLIIHKI
JMPPGSPSVTEVEQIXIVW[MXLXLIORSFW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS
 (IRWMX] (IRWMX] XS

7IXXMRKXLISYXPMRITEVEQIXIVW
;LIRXLI?3980-2)AFYXXSRMWPMXKVIIRXLITEVEQIXIVWIXXMRKWHITIRHSRXLI
OI]X]TIERH[LIXLIVXLIWITEVEXIIHKIJYRGXMSRMWEGXMZI8SEGXMZEXIXLI
WITEVEXIIHKIJYRGXMSRTVIWW?7ITEVEXI)HKIAWIXXMRKMXSRMRXLI)HKIQIRY
JSVXLIOI]

e 7ITEVEXIIHKISJJ
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL 3YXPMRI[MHXL XSE
XS F
 (IRWMX] 3YXPMRIHIRWMX] XS

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS


F ;LIRE[MTITEXXIVROI]SVOI][MTITEXXIVROI]MWWIPIGXIHEWXLIOI]X]TI

e 7ITEVEXIIHKISR
8LISYXPMRI[MHXLWIXXMRKWGERFIQEHIMRHITIRHIRXP]JSVPIJXVMKLXXSTERH
FSXXSQWMHIW8LIWITEVEXIIHKIJYRGXMSRMWSRP]EZEMPEFPI[LIRPYQMRERGI
OI]PMRIEVOI]SVGLVSQEOI]MWWIPIGXIHEWXLIOI]X]TI
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 8ST 8STIHKI[MHXL XSE
 0IJX 0IJXIHKI[MHXL XSE
 6MKLX 6MKLXIHKI[MHXL XSE
 &SXXSQ &SXXSQIHKI[MHXL XSE

E -RXLIw,QSHIxERH[LIR?*MRI/I]A TEKI MWSRXLIWIXXMRKZEPYIVERKIMWXS

;LIR?3YXPMRIAMWWIPIGXIH[MXLWITEVEXIIHKISRXLI?136)AFYXXSRPMKLXW
EQFIV4VIWWMRKXLI?136)AFYXXSRXSXYVRMXKVIIRXLIREPPS[W]SYXSEHNYWX
XLIOI]JMPPHIRWMX]TEVEQIXIV[MXLEORSF

/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 (IRWMX] 3YXPMRIHIRWMX] XS

7IXXMRKXLIIQFSWWMRKTEVEQIXIVW
;LIRXLI?)1&37AFYXXSRMWPMXKVIIREHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV 7IXXMRKZEPYIW


 ;MHXL XS
 4SWMXMSR XS
 (IRWMX] XS

7IPIGXMRKERSVQEPIHKI
;LIREPPJMZIIHKIX]TIWIPIGXMSRFYXXSRWEVISJJERSVQEPIHKIMWWIPIGXIH-J
SRISJXLIFYXXSRWMWPMXTVIWWMXXYVRMRKMXSJJ

7SJXIRMRKXLIIHKI
4VIWWXLI?73*8)(+)AFYXXSRXYVRMRKMXSR8LIFYXXSRPMKLXWKVIIRERH]SY
GERRS[EHNYWXXLIWSJXRIWW[MXLXLIORSF

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7SJX )HKIWSJXRIWW XS

e *SVERSVQEPIHKI[LIR?73*8)(+)AMWIREFPIHw/I](VSTxQSHIXYVRW
SR
e ;LIREPYQMRERGIOI]SVPMRIEVOI]MWWIPIGXIHEWXLIOI]X]TIERHGPIER
QSHIMWIREFPIHIREFPMRK?73*8)(+)AIRHWXLIGPIERQSHI

%TTP]MRKXLI^EFXSRIJJIGXW

2SXIW
e *SVOI]ERHOI]XLI^EFXSRIJJIGXMWRSXEZEMPEFPI
e *SVOI]SVOI]MXMWRSXTSWWMFPIXSLEZI^EFXSRERH?*MRI/I]ASR
WMQYPXERISYWP]

;LIRXLI?>%&82AFYXXSRMWPMXKVIIREHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7M^I 4EXXIVRWM^I XS
 7SJX 4EXXIVRIHKIWSJXRIWW XS

 /I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO
4VIWWXLI?136)AFYXXSRPMXEQFIVGLERKMRKMXXSKVIIRXLIREHNYWXXLI
JSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS
 (IRWMX] (IRWMX] XS

1EWOW

9WMRKXLIQEWO
-RXLIOI]GSRXVSPFPSGOTVIWWXLI?1%7/AFYXXSRXYVRMRKMXSR
8LITEVEQIXIVWIXXMRKWHITIRHSRXLIQEWOWSYVGIWIPIGXIHEW?&S\ASV
?4EXXIVRAMRXLI 1EWO7SYVGI"KVSYTSJXLI1EMR1EWOQIRYJSVXLIOI]

e ;LIRFS\MWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 8ST 8STTSWMXMSR z WLS[REWz XS
 0IJX 0IJXTSWMXMSR z WLS[REWz XS
 6MKLX 6MKLXTSWMXMSR z WLS[REWz XS
 &SXXSQ &SXXSQTSWMXMSR z WLS[REWz XS

;LIRFS\MWWIPIGXIHERHXLI?136)AFYXXSRMWPMXEQFIVXLIVIEVIQSVI
WIXXMRKW4VIWWXLI?136)AFYXXSRWSXLEXMXGLERKIWJVSQEQFIVXSKVIIRXS
QEOIXLII\XVEWIXXMRK

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7SJX &S\WSJXRIWW XS

e ;LIRTEXXIVRMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 7M^I 4EXXIVRWM^I XS
 7SJX )HKIWSJXRIWW XS
 4EXXIVR 4EXXIVRRYQFIV XSE

E 8LITEXXIVRMWXLIWEQIEWE[MTI 7IIw;MTI4EXXIVR0MWXx TEKI 

/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
%TTP]MRKE(1))JJIGXXSE/I]

2SXI
*SVSRI1)FERO(1)IJJIGXW MRGPYHMRK(1)[MTIW GERFIYWIHMRX[S
TPEGIW

%WWMKRMRKE(1)XSEOI]
-RXLIOI]GSRXVSPFPSGOTVIWWXLIHIPIKEXMSRFYXXSRW?1)AERH?/)=A

9WMRKXLI(1)GLERRIPWIPIGXMSRFYXXSRWWIPIGXXLI(1)GLERRIP
(1)(1) JSVETTP]MRKXLIIJJIGX
8LIPMXGSPSVWSJXLI?(1)AERH?(1)AFYXXSRWMRHMGEXIXLI(1)
EWWMKRQIRX
0MXKVIIR7LS[WXLI(1)EWWMKRIHXSXLIGYVVIRXP]WIPIGXIHOI]
0MXEQFIV7LS[WXLI(1)EWWMKRIHXSEOI]SXLIVXLERXLIGYVVIRXP]
WIPIGXIHOI]
3JJ(1)MWRSXEWWMKRIH

8SWIPIGXE(1)FIMRKYWIHF]ERSXLIVOI]IV
4VIWW?3ZIVVMHIAXYVRMRKMXSRXLIRWIPIGXXLI(1)GLERRIP
8LIPEXIVWIPIGXMSRMWZEPMHERHXLIFYXXSRPMKLXWKVIIR

=SYGERGLIGOXLI(1)STIVEXMRKWXEXYWMRXLI7XEXYWQIRY WIITEKI 

7IPIGXMRKXLIZMHISWMKREPJSVXLI(1)EWWMKRIHXSEOI]
*SVXLISTIVEXMRKTVSGIHYVIWIIw7IPIGXMRKXLIZMHISWMKREPJSVE(1)
EWWMKRIHXSEOI]x TEKI 

%WWMKRMRKXLI(1)SYXTYXWMKREPXSEQSRMXSVWMKREP
,SPHMRKHS[RXLISYXTYXHIWXMREXMSRWTIGMJMGEXMSRFYXXSR?132AMRXLI
OI]GSRXVSPFPSGOYWIXLI(1)GLERRIPWIPIGXMSRFYXXSRWXSWIPIGXXLI
(1)GLERRIP (1)SV(1) ]SY[ERXXSYWI
8LIWIPIGXIH(1)SYXTYXMWEWWMKRIHXS(1)132:ERH(1)132/

8SGLIGOXLI(1)EWWMKRQIRXWXEXYWLSPHHS[RNYWXXLI?132AFYXXSR
;LMPIMXMWLIPHHS[RXLIPMXGSPSVSJXLI?(1)AERH?(1)AFYXXSRW
WLS[WXLIOI]EWWMKRQIRXWXEXYW
0MXKVIIR7LS[WXLI(1)GYVVIRXP]FIMRKQSRMXSVIH

 /I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO
0MXEQFIV7LS[WE(1)[LMGLGERFIQSRMXSVIH
3JJ(1)MWRSXEWWMKRIH

3XLIV/I]7IXXMRK3TIVEXMSRW

9WMRKXLIWLS[OI]JYRGXMSR
;LMPIXLI?7,3;/)=AFYXXSRMWLIPHHS[RXLIOI]TVSGIWWIHOI]WSYVGI
WMKREPETTIEVWSRXLIWTIGMJMIHSYXTYX 7LS[OI]QSHI
)ZIR[LIRXLI?7,3;/)=AFYXXSRMWVIPIEWIHJSVETVIWIXXMQIXLIWLS[OI]
QSHIMWQEMRXEMRIH=SYGERWTIGMJ]XLISYXTYXXS[LMGLXLIWLS[OI]JYRGXMSR
MWETTPMIHERHWIXXLIXMQIJSV[LMGLXLIWLS[OI]QSHIMWQEMRXEMRIHEJXIV
VIPIEWMRKXLIFYXXSRMRE7IXYTQIRY
*SVHIXEMPWWIIw7IXXMRKW6IPEXMRKXS/I]W;MTIW*VEQI1IQSV]ERH'SPSV
'SVVIGXMSR /I];MTI*1''61IRY xMR'LETXIV :SPYQI 

9WMRKXLIEYXSHIPIKEXMSRJYRGXMSR
8SGSYTPIXLIWIPIGXMSRMRXLIOI]HIPIKEXMSRFYXXSRWSJXLIMRHITIRHIRXOI]
XVERWMXMSRGSRXVSPFPSGOWSXLEXXLIOI]GSRXVSPFPSGOHIPIKEXMSRWIPIGXMSRMW
EYXSQEXMGEPP]W[MXGLIHMRXLIOI]GSRXVSPFPSGOTVIWWXLI?%983()0)+A
FYXXSRXYVRMRKMXSR

6IXYVRMRKXLIOI]EHNYWXQIRXZEPYIWXSXLIMVHIJEYPXW
,SPHMRKHS[REOI]X]TIFYXXSR ?091A?0-2A?'6/A?':/ASV?482A 
VIGEPPWXLIOI]HIJEYPXZEPYIW TEKI 

/I]QSHMJ]GPIEV
;LIRER1)HIPIKEXMSRFYXXSRMWLIPHHS[RLSPHMRKHS[REOI]HIPIKEXMSR
FYXXSRXSKIXLIVVIXYVRWXLIOI]WIXXMRKWXSXLIMRMXMEPWXEXYWWIXXMRKW
*SVHIXEMPWSJXLIMRMXMEPWXEXYWWIIw7IPIGXMRKXLI7XEXI%JXIV4S[IVMRK3R
7XEVX9T1IRY xMR'LETXIV :SPYQI 

/I]7IXXMRK3TIVEXMSRW;MXLXLI/I]'SRXVSP&PSGO 
6IWM^IV

6IWM^IVEPPS[W]SYXSETTP](1)PMOIIJJIGXWWYGLEWMQEKIWLVMROMRK
QEKRMJMGEXMSRERHQSZIQIRXEW[IPPEWGLERKISJXLIEWTIGXVEXMSXSXLI
TVSGIWWIHOI]
8LIJSPPS[MRKJYRGXMSRWEVIEZEMPEFPI
e 8[SHMQIRWMSREPXVERWJSVQEXMSRWSJOI]W
e 6IWM^IVMRXIVTSPEXMSRWIXXMRKW
e 6IWM^IVGVSTFSVHIVWIXXMRKW
e 6IWM^IVIJJIGXWIXXMRKW
QSWEMGHIJSGYW

2SXIW
*SVOI]ERHOI]XLIVIWM^IVGERRSXFIYWIH
e 8LIMQEKISJXLIOI]QERMTYPEXIHF]VIWM^IVLEWESRIJVEQIHIPE]
e 7SQIIJJIGXWSJVIWM^IVEVIHMJJIVIRXJVSQ[LEX]SY[SYPHI\TIGXSJ(1)
IJJIGXW

6IWXVMGXMSRWSRXLIYWISJIJJIGXW
8LIVIEVIVIWXVMGXMSRWSRGSQFMRIHYWISJVIWM^IVIJJIGXWXLIQWIPZIWERHXLEX
[MXL(1)[MTIW

6IPEXMSRFIX[IIRVIWM^IVERHSXLIVIJJIGXW
=SYGERRSXETTP](1)IJJIGXWXSEOI]JSV[LMGLXLIVIWM^IVJYRGXMSRMW
IREFPIH;LIRSRISJXLIXLVIIJYRGXMSRWzVIWM^IV(1)[MTIERH(1)
IJJIGXWzMWIREFPIHXLISXLIVX[SEVIHMWEFPIH

8[S(MQIRWMSREP8VERWJSVQEXMSRWSJ/I]W

2SXI
;LIRXLIWGVIIREWTIGXVEXMSMWMR,(JSVQEX[LIRXLIVIWM^IVMWYWIHXS
WLVMROEZMHISMQEKIXLMWMWETTPMIHXSXLIWGVIIRMRGPYHMRKXLIEHHIH
ZMHISSRXLIPIJXERHVMKLXWMHIW9WIXLIGVSTJYRGXMSREWVIUYMVIHXSI\XVEGXXLI
MQEKI

1IRYSTIVEXMSRWJSVOI]WLVMROMRKQEKRMJMGEXMSRERHQSZIQIRX
*SVI\EQTPIXSWLVMROQEKRMJ]SVQSZIOI]SJXLI1)FEROYWIXLI
JSPPS[MRKTVSGIHYVI

 6IWM^IV
-RXLI1)"/I]"4VSGIWWIH/I]QIRYTVIWW?6IWM^IVAXYVRMRKMXSR

%HNYWXXLIJSPPS[MRKTEVEQIXIVW[MXLXLIORSFW

4EVEQIXIVKVSYT?A

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0SGEXMSR< 1SZIOI] ,( zXS
LSVM^SRXEPP] 
7( zXS

7( zXS

 0SGEXMSR= 1SZIOI]ZIVXMGEPP] ,( zXS

7( zXS

7( zXS

 7M^I 1EKRMJ]SVWLVMRO XS
OI]

4EVEQIXIVKVSYT?A

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 %WTIGX< 'LERKIEWTIGX XS
VEXMSLSVM^SRXEPP]
 %WTIGX= 'LERKIEWTIGX XS
VEXMSZIVXMGEPP]
 %WTIGX6EXMS 'LERKIEWTIGX XS
VEXMSLSVM^SRXEPP]
ERHZIVXMGEPP]EXE
XMQI

6IWM^IV 
/I]GSRXVSPFPSGO 1/7/I]'SRXVSP1SHYPISTXMSR 
STIVEXMSRWJSVOI]WLVMROMRKQEKRMJMGEXMSRERHQSZIQIRX

(IPIKEXMSRFYXXSRW
6)7->)6FYXXSR /RSFW

1) 1) 1) 6)


44
   7->)6

(1) (1)
 

/)= /)= /)= /)= 86%27

091 0-2 '6/ ':/ 482

%983 1%88) /)= 73*8


740-8
7)0 *-00 (634 )(+)

(634 398
&(6 7,(; )1&37 132
&(6 0-2)

7,3; 3:)6 %983


1%7/ >%&82 136) 86%')
/)= 6-() ()0)+

136)FYXXSR

9WIXLIHIPIKEXMSRFYXXSRWXSWIPIGXXLIOI]XS[LMGL]SY[ERXXSETTP]E
VIWM^IVJYRGXMSR

4VIWWXLI?6)7->)6AFYXXSRXYVRMRKMXSR

%HNYWXXLIJSPPS[MRKTEVEQIXIVW[MXLXLIORSFW
8SW[MXGLFIX[IIRHMWTPE]MRKTEVEQIXIVKVSYTERHTVIWWXLI
?136)AFYXXSR

4EVEQIXIVKVSYT?A

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 < 1SZIOI] ,( zXS
LSVM^SRXEPP]
7( zXS
7( zXS
 = 1SZIOI]ZIVXMGEPP] ,( zXS
7( zXS
7( zXS

 6IWM^IV
4EVEQIXIVKVSYT?A

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7 1EKRMJ]SVWLVMRO XS
OI]

4EVEQIXIVKVSYT?A

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 < 'LERKIEWTIGX XS
VEXMSLSVM^SRXEPP]
 = 'LERKIEWTIGX XS
VEXMSZIVXMGEPP]
 6 'LERKIEWTIGX XS
VEXMSLSVM^SRXEPP]
ERHZIVXMGEPP]EXE
XMQI

(IZMGIGSRXVSPFPSGO 1/78&8VEGOFEPP1SHYPISTXMSR 
STIVEXMSRWJSVOI]WLVMROMRKQEKRMJMGEXMSRERHQSZIQIRX

67>6'860FYXXSR

(IPIKEXMSRFYXXSRW 8VEGOFEPP

1) 1) 1) 44 97)6 ():

67>6
(1) (1)
'860

692
(1) (1) (1) (1)
'860

03'%0
+0& 76' 86+8
1)29 /
/ / /
'&

%<-7 03' 03' 638


%74
03' 7->) <=> 437
4)67
;-4) %74 03' 67>6

'06
7,-*8 ;36/ < = > '86
&9*6

67>6FYXXSR >VMRK

03'FYXXSR

%74FYXXSR

4VIWWXLI?67>6'860AFYXXSRXYVRMRKMXSR

6IWM^IV 
4VIWWXLIHIPIKEXMSRFYXXSRXSWIPIGXXLIOI]

4VIWWXLI?67>6AFYXXSRXYVRMRKMXSR

e 8SGLERKIXLIEWTIGXVEXMSXYVRSRXLI?03'7->) %74 A
e 8SWLVMROQEKRMJ]SVQSZIXLIOI]XYVRSRXLI?03'<=> 03' A
,SPHXLIWIFYXXSRWHS[R[LMPIGEVV]MRKSYXXLISTIVEXMSRSJWXITXS
IREFPIJMRIEHNYWXQIRX JMRIQSHI 

9WIXLIXVEGOFEPPJSVXLISTIVEXMSR
*SVHIXEMPWSJTEVEQIXIVWWIIWXITSJw/I]GSRXVSPFPSGO 1/7/I]
'SRXVSP1SHYPISTXMSR STIVEXMSRWJSVOI]WLVMROMRKQEKRMJMGEXMSRERH
QSZIQIRXx TEKI 

)RXIVMRKTEVEQIXIVW
8LMWSTIVEXMSRMWXLIWEQIEW(1)XLVIIHMQIRWMSREPTEVEQIXIVMRTYX
*SVHIXEMPWWIIw)RXIVMRK8LVII(MQIRWMSREP4EVEQIXIV:EPYIWxMR'LETXIV
 :SPYQI 

6IWIXXMRKTEVEQIXIVW
8LMWSTIVEXMSRMWXLIWEQIEW(1)XLVIIHMQIRWMSREPTEVEQIXIVVIWIXXMRK
*SVHIXEMPWWIIw)RXIVMRK8LVII(MQIRWMSREP4EVEQIXIV:EPYIWxMR'LETXIV
 :SPYQI 

'PIEVMRKVIWM^IVIJJIGXW

8SGPIEVXLVIIHMQIRWMSREPXVERWJSVQTEVEQIXIVWSRP]ERHWIXXLI
MRMXMEPWXEXI
-RXLIHIZMGIGSRXVSPFPSGOTVIWWXLI?'06;36/&9*6AFYXXSRMRXLI
STIVEXMSRFYXXSRW

8SGPIEVEPPVIWM^IVTEVEQIXIVWERHWIXXLIMRMXMEPWXEXI
-RXLIHIZMGIGSRXVSPFPSGOTVIWWXLI?'06;36/&9*6AFYXXSRMRXLI
STIVEXMSRFYXXSRWX[MGIMRVETMHWYGGIWWMSR
*SVXLIMRMXMEPWXEXI]SYGERWIPIGXIMXLIVXLIJEGXSV]HIJEYPXWIXXMRKWSVYWIV
WIXXMRKW
*SVHIXEMPWSJLS[XSQEOIXLMWWIPIGXMSRWIIw7IPIGXMRKXLI7XEXI%JXIV
4S[IVMRK3R 7XEVX9T1IRY xMR'LETXIV :SPYQI 

 6IWM^IV
6IWM^IV-RXIVTSPEXMSR7IXXMRKW
*SVI\EQTPIXSQEOIXLIMRXIVTSPEXMSRWIXXMRKWJSVOI]SJXLI1)FERO
YWIXLIJSPPS[MRKTVSGIHYVI

-RXLI1)"/I]"4VSGIWWIH/I]QIRYTVIWW?6IWM^IVAXYVRMRKMXSR
8LMWIREFPIWXLIVIWM^IVJYRGXMSR

4VIWW?6IWM^IV4VSGIWWA
8LI6IWM^IV4VSGIWWQIRYETTIEVW

-RXLI :MHIS*MIPH*VEQI1SHI"ERHSXLIVKVSYTWQEOIXLI
MRXIVTSPEXMSRWIXXMRKW

2SXI

8LIWIWIXXMRKWEVIXLIWEQIEWXLSWIJSVMRTYXZMHISWMKREPW*SVHIXEMPW
WIIw-RXIVTSPEXMSR7IXXMRKWxMR'LETXIV :SPYQI 
,S[IZIVXLIJSPPS[MRKTSMRXWEVIHMJJIVIRX
e 8LIWMKREPJSVQEXWEPPS[MRKMRXIVTSPEXMSRTVSGIWWMRKEVIM
MMMERHM
e -XMWRSXTSWWMFPIXSWIX?-RXIVTSPEXMSR1SHIA

6IWM^IV'VST&SVHIV7IXXMRKW

1EOMRKEGVSTWIXXMRKJSVEOI]JSV[LMGLVIWM^IVMWSR
*SVI\EQTPIXSQEOIXLIGVSTWIXXMRKWJSVOI]SJXLI1)FEROYWIXLI
JSPPS[MRKTVSGIHYVI

-RXLI1)"/I]"4VSGIWWIH/I]QIRYTVIWW?6IWM^IVAXYVRMRKMXSR
8LMWIREFPIWXLIVIWM^IVJYRGXMSR

4VIWW?&SVHIV'VSTA
8LI&SVHIV'VSTQIRYETTIEVW

4VIWW?'VSTAXYVRMRKMXSR
8LMWIREFPIWXLIEHNYWXQIRXSJGVST

6IWM^IV 
7IXXLITEVEQIXIVW
8LIWIWIXXMRKWEVIXLIWEQIEWXLSWIJSVGVSTSJ(1)*SVHIXEMPWWII
w'VST7IXXMRKWxMR'LETXIV :SPYQI 

2SXI
-JHIJSGYWMWIREFPIHERHMRXLI (IJSGYW1SHI"KVSYT]SYWIPIGX:MHIS/I]
XLIRXLIGVSTMWHMWEFPIH-JQSWEMGMWIREFPIHGVSTMWHMWEFPIH

%TTP]MRKEFSVHIVXSEOI]JSV[LMGLVIWM^IVMWSR
*SVI\EQTPIXSEHHXLIFSVHIVJSVOI]SJXLI1)FEROYWIXLIJSPPS[MRK
TVSGIHYVI

-RXLI1)"/I]"4VSGIWWIH/I]QIRYTVIWW?6IWM^IVAXYVRMRKMXSR
8LMWIREFPIWXLIVIWM^IVJYRGXMSR

4VIWW?&SVHIV'VSTA
8LI&SVHIV'VSTQIRYETTIEVW

4VIWW?&SVHIVAXYVRMRKMXSR
8LMWIREFPIWXLIEHNYWXQIRXSJGVST

7IXXLITEVEQIXIVW
8LIZEPMHVERKIWSJXLITEVEQIXIVZEPYIWHITIRHSRXLIGSQFMREXMSRSJ
WMKREPJSVQEX 7(,( ERHEWTIGXVEXMS  WIPIGXIHMRXLIW]WXIQ
EWJSPPS[W

e 7(JSVQEX
/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW
 , 7MQYPXERISYWP]EHNYWX[MHXLSJPIJX XS
ERHVMKLXFSVHIVW
 : 7MQYPXERISYWP]EHNYWX[MHXLSJXST XS  
ERHFSXXSQFSVHIVW XS 
 %PP 7MQYPXERISYWP]EHNYWX[MHXLSJEPP :EPYISJ,WLS[R
JSYVFSVHIVW
 (IRWMX] (IRWMX]SJXLIFSVHIVW XS

e ,(JSVQEX
/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW
 , 7MQYPXERISYWP]EHNYWX[MHXLSJPIJX XS  
ERHVMKLXFSVHIVW XS 

 6IWM^IV
/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW
 : 7MQYPXERISYWP]EHNYWX[MHXLSJXST XS
ERHFSXXSQFSVHIVW
 %PP 7MQYPXERISYWP]EHNYWX[MHXLSJEPP :EPYISJ,WLS[R
JSYVFSVHIVW
 (IRWMX] (IRWMX]SJXLIFSVHIVW XS

8SETTP]GSPSVXSEFSVHIV

-RXLI &SVHIV1SHI"KVSYTSJXLI&SVHIV'VSTQIRYTVIWW?*PEX'SPSVA

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

8SWSJXIRXLIMRRIVIHKISJEFSVHIV

-RXLI&SVHIV'VSTQIRYTVIWW?&SVHIV7SJXA

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW


 -RRIV7SJX &SVHIVMRRIVWSJXRIWW XS

8SETTP]EFIZIPIHPMKLXIHKI

-RXLI &SVHIV1SHI"KVSYTSJXLI&SVHIV'VSTQIRYTVIWW?&IZIPIH
0MKLX)HKIA

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW


 8ST 8STIHKI zXS
 0IJX 0IJXIHKI zXS
 6MKLX 6MKLXIHKI zXS
 &SXXSQ &SXXSQIHKI zXS
 %PP *SYVIHKIW :EPYISJ0IJXWLS[R

4VIWW?&SVHIV7SJXA

6IWM^IV 
%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX7IXXMRK :EPYIW


 -RRIV7SJX &SVHIVMRRIVWSJXRIWW XS
 &SYRH7SJX &SVHIVFSYRHEV]WSJXRIWW XS

8SETTP]EFIZIPIHGSPSVIHKI

-RXLI &SVHIV1SHI"KVSYTSJXLI&SVHIV'VSTQIRYTVIWW?&IZIPIH
'SPSV)HKIA

-RXLI 'SPSV%HNYWX"KVSYTWIPIGXXLIIHKIWJSVEHNYWXQIRXEQSRKXLI
?8STA?0IJXA?6MKLXAERH?&SXXSQAIHKIW8SWIPIGXEPPXLIJSYVIHKIW
TVIWW?%PPA

7IXXLIGSPSVTEVEQIXIVW
*SVHIXEMPWWIIw8SETTP]GSPSVXSEFSVHIVx TEKI

4VIWW?&SVHIV7SJXA

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 -RRIV7SJX &SVHIVMRRIVWSJXRIWW XS
 &SYRH7SJX &SVHIVFSYRHEV]WSJXRIWW XS

%TTP]MRK6IWM^IV)JJIGXW
*SVI\EQTPIXSETTP]IJJIGXWXSOI]SJXLI1)FEROYWIXLIJSPPS[MRK
TVSGIHYVI

-RXLI1)"/I]"4VSGIWWIH/I]QIRYTVIWW?6IWM^IVAXYVRMRKMXSR
8LMWIREFPIWXLIVIWM^IVJYRGXMSR

4VIWW?)RLERGIH)JJIGXA
8LI)RLERGIH)JJIGXQIRYETTIEVW

 6IWM^IV
%TTP]MRKEQSWEMG
-RXLI1)"/I]"4VSGIWWIH/I]")RLERGIH)JJIGXQIRYTVIWW
?1SWEMGAXYVRMRKMXSR

7IXXLITEVEQIXIVW
8LMWSTIVEXMSRMWXLIWEQIEWXLI(1)QSWEMGWIXXMRK*SVQSVIHIXEMPW
WIIw1SWEMG7IXXMRKWxMR'LETXIV :SPYQI 

7IXXLITEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 , ,SVM^SRXEPHIJSGYWMRK XS
 : :IVXMGEPHIJSGYWMRK XS
 %PP ,SVM^SRXEPERHZIVXMGEPHIJSGYWMRK ,ZEPYIWLS[R

(IJSGYWMRK
-RXLI1)"/I]"4VSGIWWIH/I]")RLERGIH)JJIGXQIRYTVIWW
?(IJSGYWAXYVRMRKMXSR

7IXXLITEVEQIXIVW
8LMWSTIVEXMSRMWXLIWEQIEWXLIHIJSGYWMRKWIXXMRK[LIRYWMRKXLI(1)
[MXLXLI(1)HIHMGEXIHMRXIVJEGI

*SVQSVIHIXEMPWWIIw(IJSGYW7IXXMRKWxMR'LETXIV :SPYQI 

6IWM^IV 
/I]7RETWLSXW

/I]WIXXMRKWSXLIVXLERXLIOI]SRSJJWXEXYWERHXLIOI]TVMSVMX]GEREPPFI
MRWXERXERISYWP]WEZIHMREHIHMGEXIHVIKMWXIVJSVVIGEPP[LIRVIUYMVIH%OI]
WRETWLSXGSQTVMWIWXLVIIZEPYIWEGVSWWTSMRXFYXXSRRYQFIVOI]QIQSV]JYPP
QSHIERHMRHITIRHIRXOI]XVERWMXMSRERHGERFIGEPPIHMRER]GSQFMREXMSR
8LIVIEVIJSYVOI]WRETWLSXVIKMWXIVWJSVIEGLOI]IV

/I]7RETWLSX3TIVEXMSRW
/I]WRETWLSXSTIVEXMSRWEVIGEVVMIHSYXMRXLIHS[RWXVIEQOI]GSRXVSPFPSGO
1/7(7/*EHIV1SHYPI )EGLOI]IVMWTVSZMHIH[MXLJSYVHIHMGEXIH
OI]WRETWLSXVIKMWXIVW

/I]HIPIKEXMSRFYXXSRW

/I]WSYVGIREQIHMWTPE]OI]WRETWLSXFYXXSRW

/I]WRETWLSXWIXXMRKFYXXSRW

(7/ (7/ 92(3 ;-4) (1) /77

/77
(7/ (7/ 7,-*8 1-< '98
7836)

(7/ (7/ (7/ (7/


32 32 32 32

8%/) 8%/) 8%/) 8%/)

-RHITIRHIRXOI]XVERWMXMSRX]TI
WIPIGXMSRFYXXSRW

-RHITIRHIRXOI]XVERWMXMSRI\IGYXMSRWIGXMSR

-RHITIRHIRXOI]XVERWMXMSRGSRXVSPFPSGO 1/7

 /I]7RETWLSXW
7EZMRKEOI]WRETWLSX
*SVI\EQTPIXLIJSPPS[MRKTVSGIHYVIWEZIWXLIWXEXISJXLI(7/WIXXMRKW

4VIWWXLIOI]HIPIKEXMSRFYXXSR?(7/AXYVRMRKMXSR

4VIWWXLI?/77AFYXXSRXYVRMRKMXSR
8LIW]WXIQW[MXGLIWXSOI]WRETWLSXQSHIERHXLIOI]WSYVGIREQI
HMWTPE]OI]WRETWLSXFYXXSRWWLS[XLIWXEXYWSJVIKMWXIVWXSJSV(7/
3JJ2SXLMRKMWWEZIHMRXLIVIKMWXIV
0MXSVERKI7IXXMRKWEVIWEZIHMRXLIVIKMWXIV
*SVEVIKMWXIVLSPHMRKEWRETWLSXXLIVIKMWXIVREQIMWWLS[REWYTXSIMKLX
GLEVEGXIVW

,SPHHS[RXLI?/777836)AFYXXSRERHTVIWWXLIOI]WSYVGIREQI
HMWTPE]OI]WRETWLSXFYXXSRGSVVIWTSRHMRKXSXLIVIKMWXIVMR[LMGL]SY
[ERXXSWEZIXLIWRETWLSX
8LIOI]WSYVGIREQIHMWTPE]OI]WRETWLSXFYXXSR[LMGL]SYTVIWWIHPMKLXW
]IPPS[

2SXI
-J]SYWEZIEOI]WRETWLSXMREVIKMWXIVJSV[LMGLXLIFYXXSRMWPMXSVERKISV
]IPPS[XLII\MWXMRKGSRXIRXWSJXLIVIKMWXIVEVISZIV[VMXXIR

6IGEPPMRKEOI]WRETWLSX
*SVI\EQTPIXLIJSPPS[MRKTVSGIHYVIVIGEPPWXLIWXEXISJXLI(7/WIXXMRKW

4VIWWXLIOI]HIPIKEXMSRFYXXSR?(7/AXYVRMRKMXSR

4VIWWXLI?/77AFYXXSRXYVRMRKMXSR

4VIWWXLIOI]WSYVGIREQIHMWTPE]OI]WRETWLSXFYXXSRGSVVIWTSRHMRKXS
XLIVIKMWXIV]SY[ERXXSVIGEPP
8LIFYXXSR]SYTVIWWIHPMKLXW]IPPS[ERHXLMWVIGEPPWXLIOI]WRETWLSX
8SGERGIPXLIVIGEPPTVIWWXLI?92(3AFYXXSR

/I]7RETWLSXW 
 /I]7RETWLSXW
'LETXIV ;MTIW
3ZIVZMI[
&EWMG4VSGIHYVIJSV;MTI7IXXMRKW 
;MTI7IXXMRKW1IRY 
;MTI4EXXIVR7IPIGXMSR 
7IXXMRK;MTI1SHMJMIVW 
;MTI1SHMJ]'PIEV
;MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG4VSGIHYVIJSV-RHITIRHIRX/I]8VERWMXMSR;MTI7IXXMRKW
7IXXMRK-RHITIRHIRX/I]8VERWMXMSR;MTI1SHMJMIVW 
;MTI7RETWLSXW
;MTI7RETWLSX3TIVEXMSRW;MXLXLI1IRYW 
3ZIVZMI[

%[MTIMWEXVERWMXMSRJVSQXLIGYVVIRXZMHISWXVIEQXSERI[ZMHISWXVIEQ
YWMRKE[MTITEXXIVR
'LERKMRKXLIFEGOKVSYRHF]QIERWSJE[MTIMWVIJIVVIHXSEWEwFEGOKVSYRH
[MTIxERHMRWIVXMRKSVHIPIXMRKEOI][MXLE[MTIMWXIVQIHEwOI][MTIx
8LIVIEVIX[SX]TIWSJ[MTIXLSWIXLEXGERFIWIPIGXIHMREGSQQSRXVERWMXMSR
ERHXLSWIXLEXGERFIWIPIGXIHMRERMRHITIRHIRXOI]XVERWMXMSR
*SVHIXEMPWSJMRHITIRHIRXOI]XVERWMXMSRWWIITEKI

 3ZIVZMI[
&EWMG4VSGIHYVIJSV;MTI7IXXMRKW

=SYGEVV]SYX[MTIWIXXMRKSTIVEXMSRWTVMRGMTEPP]YWMRKXLI;MTIQIRYJSVIEGL
SJXLI1)XS1)ERH4+1478FEROW
8LMWWIGXMSRHIWGVMFIWXLIFEWMGTVSGIHYVIWJSV[MTIWIXXMRKWXEOMRKXLI1)
";MTIQIRYEWERI\EQTPI
*SVHIXEMPWSJMRHITIRHIRXOI]XVERWMXMSR[MTIWIXXMRKWWIIw;MTI7IXXMRKWJSV
-RHITIRHIRX/I]8VERWMXMSRWx TEKI 

;MTI7IXXMRKW1IRY

%GGIWWMRKXLI[MTIWIXXMRKWQIRY
8SEGGIWWXLI1)";MTIQIRYYWIIMXLIVSJXLIJSPPS[MRKSTIVEXMSRW
e -RXLIQIRYGSRXVSPFPSGOWIPIGXXLIXSTQIRYWIPIGXMSRFYXXSR?1)AERH
TVIWW:*u;MTIv
e -RXLIXVERWMXMSRGSRXVSPFPSGOSJXLI1)FEROTVIWWXLIXVERWMXMSRX]TI
WIPIGXMSRFYXXSR?;-4)AX[MGIMRVETMHWYGGIWWMSR
%R]SJXLIEFSZISTIVEXMSRWHMWTPE]WXLI1)";MTIQIRY

;MTI4EXXIVR7IPIGXMSR

7IPIGXMRKE[MTITEXXIVRF]EQIRYSTIVEXMSR
-RXLI1)";MTIQIRYWIPIGX,*u1EMR4EXXIVRv
8LI1EMR4EXXIVRQIRYETTIEVW
8LITEXXIVRWETTIEVSRXLIWGVIIR
7IIw;MTI4EXXIVR0MWXx TEKI 

4VIWWXLIFYXXSRXSWIPIGXXLIHIWMVIHTEXXIVR

7IXXMRK;MTI1SHMJMIVW
=SYGERETTP]ZEVMSYWQSHMJMIVWXSXLI[MTITEXXIVRWIXXMRKXLI[MTIHMVIGXMSR
TEXXIVRTSWMXMSRERHWSSR

&EWMG4VSGIHYVIJSV;MTI7IXXMRKW 
7TIGMJ]MRKXLI[MTIHMVIGXMSR (MVIGXMSR
=SYGERWTIGMJ]XLIHMVIGXMSRSJXLI[MTIXLIVIKYPEVHMVIGXMSRMWVIJIVVIHXSEW
wRSVQEPxERHXLISXLIVHMVIGXMSREWwVIZIVWIx=SYGEREPWSWIPIGXEPXIVREXMRK
HMVIGXMSRWIEGLXMQIXLIXVERWMXMSRMWGSQTPIXIH RSVQEPVIZIVWIQSHI 

2SVQEP 6IZIVWI

8SWTIGMJ]XLI[MTIHMVIGXMSRMREQIRY

-RXLI1)";MTIQIRYWIPIGX,*u)HKI(MVIGXMSRv
8LI)HKI(MVIGXMSRQIRYETTIEVW

-RXLI (MVIGXMSR"KVSYTWTIGMJ]XLI[MTIHMVIGXMSR
2SVQEPVIKYPEVHMVIGXMSR
2SVQEP6IZIVWIEPXIVREXIFIX[IIRVIKYPEVERHVIZIVWIJSVIEGLXVERWMXMSR
6IZIVWIVIZIVWIHMVIGXMSRXSRSVQEP

8SWTIGMJ]XLI[MTIHMVIGXMSR[MXLEFYXXSRMRXLIXVERWMXMSRGSRXVSP
FPSGO
-RXLIXVERWMXMSRGSRXVSPFPSGOSJIEGLSJXLI1)XS1)ERH4+1478
FEROWTVIWWXLIJSPPS[MRKHMVIGXMSRWIPIGXMSRFYXXSRW
23612SVQEP
23616):2SVQEPVIZIVWI
6):6IZIVWI

 &EWMG4VSGIHYVIJSV;MTI7IXXMRKW
1SHMJ]MRKXLI[MTITEXXIVRIHKI )HKI
=SYGERETTP]EFSVHIVXSXLITEXXIVRWSJXIRXLIIHKIWSVWSJXIRXLIETTPMIH
FSVHIV

&SVHIV 7SJX 7SJXFSVHIV

&SVHIV=SYGEREHNYWXXLIFSVHIV[MHXL
7SJX=SYGEREHNYWXXLIIHKIWSJXRIWW
7SJXFSVHIV=SYGEREHNYWXXLIFSVHIV[MHXLERHXLIWSJXRIWWSJXLIMRRIVERH
SYXIVIHKIWSJXLIFSVHIV
;LIREFSVHIVSVWSJXFSVHIVMWWIPIGXIHXLIWMKREPJMPPMRKXLIFSVHIVMWGEPPIH
IHKIJMPP*SVXLIIHKIJMPP]SYGERYWIEQEXXIKIRIVEXIHF]XLIHIHMGEXIHGSPSV
QEXXIKIRIVEXSVSVXLIWMKREPWIPIGXIHSRXLIYXMPMX]FYW%QEXXIGERFIGSPSV
SVGSPSVSVEGSQFMREXMSRSJXLIX[SGSPSVW EwGSPSVQM\x 

-RXLI1)";MTIQIRYWIPIGX,*u)HKI(MVIGXMSRv
8LI)HKI(MVIGXMSRQIRYETTIEVW

-RXLI )HKI"KVSYTWIPIGXXLIIHKIX]TI
&SVHIVFSVHIV
7SJXWSJXIHKI
7SJX&SVHIVWSJXFSVHIV

7IXXLITEVEQIXIVWEGGSVHMRKXSXLIWIPIGXMSRMRWXIT
e ;LIRFSVHIVMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL &SVHIV[MHXL XS

e ;LIRWSJXIHKIMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 7SJX )HKIWSJXRIWW XS

e ;LIRWSJXFSVHIVMWWIPIGXIH

&EWMG4VSGIHYVIJSV;MTI7IXXMRKW 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL &SVHIV[MHXL XS
 -RRIV7SJX &SVHIVMRRIVWSJXRIWW XS
 3YXIV7SJX &SVHIVSYXIVWSJXRIWW XS

;LIR]SYWIPIGXIHFSVHIVSVWSJXFSVHIVWIPIGXXLIIHKIJMPPWMKREPMRXLI
)HKI*MPP"KVSYT
9XMPMX]&YWWMKREPWIPIGXIHSRXLIYXMPMX]FYW
1EXXIWMKREPJVSQXLIHIHMGEXIHGSPSVQEXXIKIRIVEXSV

(ITIRHMRKSRXLISTIVEXMSRMRWXITGEVV]SYXXLIJSPPS[MRKSTIVEXMSR
;LIRu9XMPMX]&YWvMWWIPIGXIH4VIWWXLIOI]HIPIKEXMSR?98-0AERH
WIPIGXXLIWMKREPMRXLIOI]VS[
;LIRu1EXXIvMWWIPIGXIH-RXLIWEQI)HKI(MVIGXMSRQIRYTVIWW?1EXXI
%HNYWXAXSHMWTPE]XLI1EXXI%HNYWXQIRYXLIREHNYWXXLIWMRKPIGSPSV
SVX[SGSPSVGSQFMREXMSRGSPSVQEXXI7IPIGX[LIXLIVXSYWIEWMRKPI
GSPSVQEXXISVEX[SGSPSVGSQFMREXMSRMRXLI )HKI1EXXI"KVSYT
*PEX'SPSV%HNYWXGSPSV[MXLXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

;LIR]SYWIPIGX?1M\'SPSVAJSVEX[SGSPSVGSQFMREXMSRWIIXLIRI\X
TEVEKVETL

'EVV]MRKSYXEGSPSVQM\JSVXLIIHKIJMPPQEXXI
;LIR]SYWIPIGXIH?1EXXIAJSVXLIFSVHIVSVWSJXFSVHIVIHKIJMPP]SYGER
GSQFMRIGSPSVERHGSPSV
*SVXLIGSQFMREXMSR]SYGERYWIRSXSRP]ERSVQEP[MTIKIRIVEXSVTEXXIVRFYX
EPWSXLIHIHMGEXIHGSPSVQM\TEXXIVR

-RXLI )HKI*MPP"KVSYTSJXLI)HKI(MVIGXMSRQIRYWIPIGX?1EXXIAERH
TVIWW?1EXXI%HNYWXA
8LI1EXXI%HNYWXQIRYETTIEVW

-RXLI )HKI1EXXI"KVSYTWIPIGX?1M\'SPSVAXYVRMRKMXSR

-RXLI 1M\4EXXIVR"KVSYTQEOISRISJXLIJSPPS[MRKWIPIGXMSRW
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e ;LIR;MTIMWWIPIGXIH
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e ;LIRXYVRMRK?4SWMXMSRASRERHWIXXMRKXLITEXXIVRTSWMXMSR
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
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E 7IITEKI

e ;LIRXYVRMRK?1YPXMASRERHYWMRKVITPMGEXMSRWSJXLIWEQITEXXIVR
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E 7IITEKI

e ;LIRXYVRMRK?%WTIGXASRERHWIXXMRKXLIEWTIGXVEXMSSJXLITEXXIVR
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E 7IITEKI

e ;LIRXYVRMRK?%RKPIASRMRXLI 6SXEXMSR"KVSYTERHWPERXMRKXLI
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 %RKPI %RKPISJTEXXIVRVSXEXMSR zXSE

E 7IITEKI

e ;LIRXYVRMRK?7TIIHASRMRXLI 6SXEXMSR"KVSYTERHVSXEXMRKXLI
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E 7IITEKI

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 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

8SMRXIVGLERKIGSPSVERHGSPSVTVIWWXLI?'SPSV-RZIVXAFYXXSRXYVRMRK
MXSR

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4SWMXMSRIVSJJ 4SWMXMSRIVSR

e 8LITEVEQIXIV,4SWMXMSRGSRXVSPWXLILSVM^SRXEPTSWMXMSRSJXLITEXXIVR
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TEXXIVRXSXLIVMKLX
e 8LITEVEQIXIV:4SWMXMSRGSRXVSPWXLIZIVXMGEPTSWMXMSRSJXLITEXXIVR
%RIKEXMZIZEPYIQSZIWXLITEXXIVRHS[RERHETSWMXMZIZEPYIQSZIWXLI
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8SQSZIXLITEXXIVRJVSQMXWGYVVIRXTSWMXMSRXSXLIGIRXIVXLVSYKL
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8SWIXXLI[MTITSWMXMSRYWMRKXLIXVEGOFEPP
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&EWMG4VSGIHYVIJSV;MTI7IXXMRKW 
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8EFPI&YXXSRWERHEWWMKRIHWIXXMRKW

&YXXSRREQI 7IXXMRK
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8EFPI&YXXSRWEWWMKRIHXSJYRGXMSRW

&YXXSRREQI *YRGXMSR
437 8SKKPI4SWMXMSRSRSVSJJ
<= *M\XLISTIVEXMRKHMVIGXMSR
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1SZIXLIXVEGOFEPPSVNS]WXMGOXSWIXXLI[MTITSWMXMSR&]TVIWWMRKXLI?<A
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XLIZIVXMGEPHMVIGXMSR

6SXEXMRKXLI[MTITEXXIVR 6SXEXMSR
=SYGERVSXEXIXLITEXXIVR8LIVIEVIXLVIIVSXEXMSRQSHIWEWJSPPS[W

%RKPI
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%RKPISJJ %RKPISR

8LITEVEQIXIV%RKPIHIXIVQMRIWXLIERKPISJTEXXIVRVSXEXMSR
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GPSGO[MWI

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;MXLEZEPYISJXLIVIMWRSVSXEXMSR

7TIIH
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8LITEVEQIXIV7TIIHHIXIVQMRIWXLIWTIIHSJTEXXIVRVSXEXMSR
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1EKRMXYHI
8LVSYKLXLIGSYVWISJXLIXVERWMXMSRXLI[MTITEXXIVRVSXEXIWXLVSYKLXLI
WTIGMJMIHERKPI

8LITEVEQIXIV%RKPIHIXIVQMRIWERERKPISJTEXXIVRMRGPMREXMSREXXLI
FIKMRRMRKSJXLIXVERWMXMSR
e %ZEPYISJzGSVVIWTSRHWXSXLIERKPIVSXEXIHSRI[LSPIXYVR
GSYRXIVGPSGO[MWI
e %ZEPYISJGSVVIWTSRHWXSXLIERKPIVSXEXIHSRI[LSPIXYVR
GPSGO[MWI
e ;MXLEZEPYISJXLITEXXIVRMWWXEXMSREV]

8LITEVEQIXIV1EKRMXYHIHIXIVQMRIWERERKPISJTEXXIVRVSXEXMSRXLVSYKLXLI
GSYVWISJXLIXVERWMXMSR
e %ZEPYISJzGSVVIWTSRHWXSEVSXEXMSRSJX[SXYVRWGSYRXIVGPSGO[MWI
e %ZEPYISJGSVVIWTSRHWXSEVSXEXMSRSJX[SXYVRWGPSGO[MWI
e ;MXLEZEPYISJXLITEXXIVRMWWXEXMSREV]

-RXLI1)";MTIQIRYWIPIGX,*u1EMR1SHMJ]v

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1EKRMXYHI6SXEXIXLVSYKLETEVXMGYPEVERKPIHYVMRKXLIGSYVWISJXLI
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%GGSVHMRKXSXLIWIPIGXMSRMRWXITWIXXLIJSPPS[MRKTEVEQIXIVW
e ;LIR%RKPIMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 %RKPI %RKPISJTEXXIVRVSXEXMSR zXS

e ;LIR7TIIHMWWIPIGXIH
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 7TIIH 6SXEXMSRVEXISJTEXXIVR zXS

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8LI4EXXIVR7IPIGXQIRYETTIEVW

;MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
4VIWWXLIFYXXSRJSVXLIHIWMVIHTEXXIVR

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e )HKI
e 4SWMXMSRIV
e 6SXEXMSR
e %WTIGXVEXMS
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XLIZIVXMGEPHMVIGXMSR

8SWIXXLI[MTITSWMXMSRF]EQIRYSTIVEXMSR

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/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


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 4SWMXMSR: :IVXMGEPTSWMXMSR zXSE

E 7IITEKI

8SQSZIXLITEXXIVRJVSQMXWGYVVIRXTSWMXMSRXSXLIGIRXIVXLVSYKL
XLIGSYVWISJEXVERWMXMSR
4VIWW?%YXS'IRXIVAMRXLI 4SWMXMSR"KVSYTXYVRMRKMXSR

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X]TI
%RKPI-RGPMRIXLITEXXIVRXLVSYKLEJM\IHERKPI
7TIIH6SXEXIEXEWTIIHVEXI
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XLIXVERWMXMSR

%GGSVHMRKXSXLIWIPIGXMSRMRWXITWIXXLIJSPPS[MRKTEVEQIXIVW
e ;LIR%RKPIMWWIPIGXIH
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 %RKPI %RKPISJTEXXIVRVSXEXMSR zXSE

E 7IITEKI

e ;LIR7TIIHMWWIPIGXIH
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 7TIIH 6SXEXMSRVEXISJTEXXIVR zXSE

E 7IITEKI

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XVERWMXMSR
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E 7IITEKI

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4VIWW?%WTIGXAMRXLI/I];MTI%HNYWXQIRYXYVRMRKMXSR

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E 7IITEKI

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7IXXLIJSPPS[MRKTEVEQIXIVW

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E 7IITEKI

;MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
;MTI7RETWLSXW

=SYGERWRETWLSXERHWEZIE[MTITEXXIVRXSKIXLIV[MXLXLIGYVVIRXWIXXMRKWSJ
MXWQSHMJMIVWERHTEXXIVRPMQMXMREHIHMGEXIHVIKMWXIVJSVVIGEPP[LIRVIUYMVIH
8LIVIEVI[MTIWRETWLSXVIKMWXIVWSRIEGL1)FEROERHXLI4+1478
FERO
9WIXLIQIRYXSWEZIERHVIGEPP[MTIWRETWLSXW

;MTI7RETWLSX3TIVEXMSRW;MXLXLI1IRYW
1IRYWYWIH
%WERI\EQTPI[LIRSTIVEXMRKSR1)WIPIGX1)";MTI";MTI
7RETWLSX
8LI;MTI7RETWLSXQIRYETTIEVW

1IQSV]VIGEPPFYXXSRW

&YXXSRHMWTPE]W
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RYQFIVSVVIKMWXIVREQI
7IIw3TIVEXMSR7IXXMRKW 3TIVEXMSR1IRY xMR'LETXIV :SPYQI 

 ;MTI7RETWLSXW
7EZMRKE[MTIWRETWLSXJVSQXLIQIRY

7IXYTXLI[MTI]SY[ERXXSWEZI

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4VIWWXLIQIQSV]VIGEPPFYXXSRJSVXLIVIKMWXIVMR[LMGL]SY[ERXXSWEZI

2SXI
-J]SYTVIWWEFYXXSR[LMGLMWEPVIEH]PMXXLMWSZIV[VMXIWXLIGSRXIRXWSJXLI
VIKMWXIV

6IGEPPMRKE[MTIWRETWLSXJVSQXLIQIRY
-RXLI;MTI7RETWLSXQIRYTVIWWXLIQIQSV]VIGEPPFYXXSRJSVXLI[MTI
WRETWLSX]SY[ERXXSVIGEPP
8LMWVIGEPPWXLI[MTIWRETWLSXERHXLIFYXXSR]SYTVIWWIHPMKLXWEQFIV
-RXLIYTTIVPIJXMWWLS[RXLIGYVVIRXP]VIGEPPIHVIKMWXIVREQISVRYQFIV

2SXI
8LI*PI\M4EHERHQIRYWIXXMRKWEVIPMROIH
%WIXXMRKMRWIXYTHIXIVQMRIW[LIXLIVVIKMWXIVREQIWSVTEXXIVRRYQFIVW
ETTIEV

(IPIXMRKE[MTIWRETWLSXJVSQXLIQIRY

-RXLI;MTI7RETWLSXQIRYTVIWW?(IPIXIA

4VIWWXLIQIQSV]VIGEPPFYXXSRJSVXLI[MTIWRETWLSX]SY[ERXXSHIPIXI
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;MTI7RETWLSXW 
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3ZIVZMI[
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&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
(1);MTI7IXXMRKW1IRY 
(1);MTI4EXXIVR7IPIGXMSR 
7IXXMRK(1);MTI1SHMJMIVW 
(1);MTI1SHMJ]'PIEV
(1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
&EWMG4VSGIHYVIJSV-RHITIRHIRX/I]8VERWMXMSR(1);MTI7IXXMRKW

7IXXMRK-RHITIRHIRX/I]8VERWMXMSR(1);MTI1SHMJMIVW
6IWM^IV(1);MTI7IXXMRK 
(1);MTI7RETWLSXW 
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9WIV4VSKVEQQEFPI(1)8VERWMXMSR1SHI 
3ZIVZMI[

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OI]JVEQIIJJIGXW

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8LIVIEVIXLVII(1)[MTII\IGYXMSRQSHIWHITIRHMRKSRXLIRYQFIVSJ
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3RIGLERRIPQSHI WIVMIW XS
8[SGLERRIPQSHI WIVMIW XS

(1)[MTITEXXIVRKVSYTW
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 8LIFPEGOTEVXSJXLITEXXIVRVITVIWIRXWXLISPHZMHISERHXLI[LMXITEVX
XLIRI[ZMHIS[MXLXLI[MTIXEOMRKTPEGIMRXLIHMVIGXMSRSJXLIEVVS[

7PMHI8LIRI[ZMHISWPMHIWMRSZIVXLISPHZMHIS
4EXXIVRRYQFIVWXS SRIGLERRIPQSHI XS X[S
GLERRIPQSHI

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7UYII^I8LIRI[ZMHISETTIEVWWUYII^IHSZIVXLISPHZMHISERH
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GLERRIPQSHI
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FEROETTIEVWEWXLIFEGOKVSYRH
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 SRIGLERRIPQSHI
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SPHZMHISVIXYVRW
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XSXS X[SGLERRIPQSHI
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WM^I
4EXXIVRRYQFIV SRIGLERRIPQSHI
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FEGOKVSYRH
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3ZIVZMI[ 
VIXYVRMRKXSXLISVMKMREPMQEKIEX 
4EXXIVRRYQFIV SRIGLERRIPQSHI
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VIXYVRMRKXSXLISVMKMREPMQEKIEX 
4EXXIVRRYQFIV SRIGLERRIPQSHI
&VMGO%FVMGOWYGLXLEXXLIWMHIWYVJEGIMWZMWMFPIWPMHIWMRSZIVXLISPHZMHIS
XLIRVSXEXIWWSXLEXXLIRI[ZMHISGERFIWIIR
4EXXIVRRYQFIVWXSXS X[SGLERRIPQSHI
9WIVTVSKVEQQEFPI(1)9WMRKE(1)OI]JVEQIIJJIGXGVIEXIH[MXLE
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4EXXIVRRYQFIVWXS SRIGLERRIPQSHI XS X[S
GLERRIPQSHI
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4VSKVEQQEFPI(1)4EXXIVRWx TEKI 

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)\IGYXMSRQSHI (1)[MTITEXXIVRWXLEXGERFIYWIH
3RIGLERRIPQSHI 7PMHIWUYII^IHSSV(XVERW(XVERWJVEQIMRSYXERHYWIV
TVSKVEQQEFPI(1)

9WIVTVSKVEQQEFPI(1)MRXVERWMXMSRQSHI
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TVSKVEQQEFPI(1)TEXXIVRXLIJSPPS[MRKGERFIYWIH
e 7MRKPIWMRKPIXVERWMXMSRQSHI
e *PMTXYQFPI *PMT8YQFPI JPMTXYQFPIXVERWMXMSRQSHI
e (YEPHYEPXVERWMXMSRQSHI
e 4MGXYVIMRTMGXYVI 4MR4 SRIGLERRIPERHX[SGLERRIPTMGXYVIMRTMGXYVI
XVERWMXMSRQSHI
e 'SQTVIWWEX]TISJTMGXYVIMRTMGXYVIMR[LMGLXLIRI[MQEKIMWXLI
FEGOKVSYRHERHXLIGYVVIRXP]ZMWMFPIMQEKIWLVMROWERHXLIRI\TERHWXSMXW
SVMKMREPWM^I 7III\EQTPIMRXLIRI\XMXIQ
e *VEQIMRSYX *VEQI-3 JVEQIMRSYXXVERWMXMSRQSHI;LIRXLIJMVWX
XVERWMXMSRGSQTPIXIWMJ]SYQSZIXLITSWMXMSRSJXLIMQEKI]SYGERQSZIMX
FSXLLSVM^SRXEPP]ERHZIVXMGEPP]
e *VEQIMRSYX, *VEQI-3, EX]TISJJVEQIMRSYXQSHI[LMGLMW
WTIGMJMIH[LIRGVIEXMRKEXVERWMXMSRIJJIGXMRXLILSVM^SRXEPHMVIGXMSR
8LIMQEKIQSZIQIRXMWVIJPIGXIHEXFSXLXLIXVERWMXMSRWXEVXTSMRXERHIRH
TSMRX 7II TEKI
8LISTIVEXMSRMWGEVVMIHSYXEGGSVHMRKXS(1)[MTITEXXIVRWSV


 3ZIVZMI[
e *VEQIMRSYX: *VEQI-3: EX]TISJJVEQIMRSYXQSHI[LMGLMW
WTIGMJMIH[LIRGVIEXMRKEXVERWMXMSRIJJIGXMRXLIZIVXMGEPHMVIGXMSR
8LIMQEKIQSZIQIRXMWVIJPIGXIHEXFSXLXLIXVERWMXMSRWXEVXTSMRXERHIRH
TSMRX 7II TEKI

8VERWMXMSRQSHIw'SQTVIWWx
8LIGLERKIMRXLIMQEKI[LIRXLIXVERWMXMSRQSHIMWWIXXSw'SQTVIWWxMWEW
JSPPS[WMRGSQTEVMWSRXSXLIGEWISJw4MGXYVIMRTMGXYVIx
e )\EQTPISJXLIMQEKIGLERKIMRXLIXVERWMXMSRQSHIw4MGXYVIMR
TMGXYVIx SRIGLERRIPQSHI

*MVWXWXVSOI 7IGSRHWXVSOI

e )\EQTPISJXLIMQEKIGLERKIMRXLIXVERWMXMSRQSHIw'SQTVIWWx

*MVWXWXVSOI 7IGSRHWXVSOI

8VERWMXMSRQSHIwJVEQIMRSYXx
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TSWMXMSREXXLIXVERWMXMSRWXEVXTSMRXERHIRHTSMRXHSIWRSXGLERKI
8LIHIWGVMTXMSRMWSJERI\EQTPISJGVIEXMRKERIJJIGXWYGLEWXLIJSPPS[MRK

3ZIVZMI[ 
*MVWXXVERWMXMSR
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*MVWXXVERWMXMSR
8VERWMXMSRWXEVX GSQTPIXMSRTSMRX 8VERWMXMSRIRH

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8VERWMXMSRQSHIwJVEQIMRSYX,x
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HMVIGXMSR
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 3ZIVZMI[
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7XEXIFIJSVI
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8VERWMXMSRQSHIwJVEQIMRSYX:x
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HMVIGXMSR
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8LIHIWGVMTXMSRMWSJERI\EQTPISJGVIEXMRKERIJJIGXWYGLEWXLIJSPPS[MRK

3ZIVZMI[ 
*MVWXXVERWMXMSR
8VERWMXMSRWXEVX GSQTPIXMSRTSMRX 8VERWMXMSRIRH

-QEKIGVIEXIH
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&EGOKVSYRH&

%XXLIJMVWXXVERWMXMSRGSQTPIXMSRTSMRXMJ]SYQSZIXLIMQEKI[MXLXLI
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8VERWMXMSRWXEVX GSQTPIXMSRTSMRX 8VERWMXMSRIRH

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&EGOKVSYRH&
7XEXIFIJSVI
QSHMJMGEXMSR

 3ZIVZMI[
7MKREPWJSVQMRKTEVXSJXLIFEGOKVSYRHJSVE(1)[MTI
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WLS[RMRKVE] WIITEKI MWJMPPIH[MXLXLIWMKREPWIPIGXIHSRXLI(1)
I\XIVREPZMHISFYW

(1);MTI4EXXIVR:EVMEXMSRERH1SHMJMIVW
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[MTITEXXIVREWJSPPS[W
*SVXLIWIXXMRKSTIVEXMSRWWIIw7IXXMRK(1);MTI1SHMJMIVWx TEKI 

(MVIGXMSR=SYGERWIXXLI(1)[MTIHMVIGXMSRXSRSVQEPVIZIVWISV
EPXIVREXMRKRSVQEPVIZIVWI WIITEKI I\GITXJSVEOI]XVERWMXMSR
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4EXXIVRWXS
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IHKILEWEPVIEH]FIIRETTPMIHXSXLIIJJIGXXLIFILEZMSVMWEWJSPPS[W
e ;LIRXLI(1)[MTIIHKIWIXXMRKMWSRSRP]TEVXSJXLIIHKIETTPMIHMR
XLIIJJIGXMWIREFPIHERHXLEXTSVXMSRGERFIEHNYWXIH TEKI 
e ;LIRXLI(1)[MTIIHKIWIXXMRKMWSJJXLIIHKIETTPMIHMRXLIIJJIGXMW
IREFPIHEWMW
4SWMXMSRIV=SYGERQSZIXLI(1)[MTITEXXIVRSVGIRXIVSJXLIIJJIGXXSER
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MRWXERXERISYWP]QSZIXLITEXXIVR
e 
;LIRXLMWTEXXIVRRYQFIVMWWIPIGXIH[MXLXLITVSKVIWWSJXLIXVERWMXMSR
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w%983')28)6x
e XSXS
;LIRXLIWITEXXIVRRYQFIVWEVIWIPIGXIH]SYGERWIXXLITEXXIVRTSWMXMSR
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e 
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IEGLGLERRIPSV[MXLZEPYIWVIPEXMZIXSXLIGYVVIRXTSWMXMSRXLIX[S
GLERRIPWWMQYPXERISYWP]
e XSXS
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3ZIVZMI[ 
e XSXS
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e XSXS
e XSXS
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TSWWMFMPMXMIW
e 'YX
e 0EWX
e 0MRIEV
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JSPPS[W
e 0EWX
e 0EWX
e 3JJ

2SXI
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6IPEXMSR&IX[IIR(1);MTIWERH3XLIV)JJIGXW
8LIVIPEXMSRWFIX[IIR(1)[MTIWERHSXLIVIJJIGXWEVIEWJSPPS[W

6IPEXMSRXSSVHMREV][MTIW
e (1)[MTIWHSRSXYWIXLI[MTIKIRIVEXSVFYMPXMRXSXLIW[MXGLIV8LIVIJSVI
HYVMRKXLII\IGYXMSRSJE(1)[MTI]SYGERWXMPPYWIETEXXIVRTVSHYGIHF]
XLI[MTIKIRIVEXSVEWXLIWSYVGIJSVETEXXIVROI]SVQEWO
e %(1)[MTITEXXIVRGERRSXFIYWIHEWXLIWSYVGIJSVETEXXIVROI]SVQEWO

 3ZIVZMI[
6IPEXMSRXSTVSGIWWIHOI]W
;LIRYWMRKXLI(1)JSVETVSGIWWIHOI]MJ]SYWIPIGXE(1)[MTIER
EZEMPEFPI(1)MWEYXSQEXMGEPP]EPPSGEXIHXSXLI(1)[MTI-JEPPSJXLI(1)
GLERRIPWEVIMRYWIXLIRMXMWRSXTSWWMFPIXSWIPIGXE(1)[MTI
-JMRE7IXYTQIRYEWIXXMRKLEWFIIRQEHIJSV(1)EPPSGEXMSRXLEX7IXYT
QIRYWIXXMRKXEOIWTVIGIHIRGI WIIw7IXXMRKXLIEWWMKRQIRXWSJ(1)GLERRIPW
XSYWISRXLIMRHMZMHYEP1)FEROWxMR'LETXIV :SPYQI 

6IPEXMSRXSVIWM^IV
-XMWRSXTSWWMFPIXSWIPIGXE(1)[MTIJSVEOI]LEZMRKXLIVIWM^IVIREFPIH

2YQFIVSJ(1)[MTIWXLEXGERFIYWIHWMQYPXERISYWP]SRE
WMRKPI1)FERO
(1)[MTIWGERFIYWIHMRJMZITPEGIWMRGPYHMRKXLIJSYVMRHITIRHIRXOI]
XVERWMXMSRW
-XMWRSXTSWWMFPIXSYWIX[SSVQSVISJXLIWITPEGIWWMQYPXERISYWP]

3ZIVZMI[ 
&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW

=SYGEVV]SYX(1)[MTIWIXXMRKSTIVEXMSRWTVMRGMTEPP]YWMRKXLI(1);MTI
QIRYJSVIEGLFERO
8LMWWIGXMSRHIWGVMFIWXLIFEWMGTVSGIHYVIWJSV(1)[MTIWIXXMRKWXEOMRKXLI
1)"(1);MTIQIRYEWERI\EQTPI
*SVHIXEMPWSJMRHITIRHIRXOI]XVERWMXMSR(1)[MTIWIXXMRKWWIIw(1);MTI
7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRWx TEKI 

(1);MTI7IXXMRKW1IRY

%GGIWWMRKXLI(1);MTIQIRY
8SEGGIWWXLI1)"(1);MTIQIRYYWIIMXLIVSJXLIJSPPS[MRKSTIVEXMSRW
e -RXLIQIRYGSRXVSPFPSGOWIPIGXXLIXSTQIRYWIPIGXMSRFYXXSR?1)AERH
TVIWW:*u(1);MTIv
e -RXLIXVERWMXMSRGSRXVSPFPSGOSJXLI1)FEROTVIWWXLIXVERWMXMSRX]TI
WIPIGXMSRFYXXSR?(1)AX[MGIMRVETMHWYGGIWWMSR
)MXLIVSJXLIEFSZISTIVEXMSRWHMWTPE]WXLI1)"(1);MTIQIRY

(1);MTI4EXXIVR7IPIGXMSR

7IPIGXMRKE(1)[MTITEXXIVRF]EQIRYSTIVEXMSR

-RXLI1)"(1);MTIQIRYWIPIGX,*uGLvJSVSRIGLERRIPQSHI
ERHWIPIGX,*uGLvJSVX[SGLERRIPQSHI

7IPIGXXLI(1)[MTITEXXIVRKVSYT[MXLSRISJXLIJSPPS[MRKFYXXSRW
e 7PMHI7UYII^IWPMHIERHWUYII^I
e (SSVHSSV
e *VEQI-3JVEQIMRSYX
e (8VERW(8VERW(XVERWERH(XVERW
e 1SWEMG(IJSGYWQSWEMGERHHIJSGYW
e &VMGOFVMGO

 &EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW
e 9WIV4VSKVEQYWIVTVSKVEQQEFPI(1)
*SVHIXEMPWSJ(1)[MTITEXXIVRWWIIw8]TIWSJ(1);MTI4EXXIVRx
TEKI ERHw(1);MTI4EXXIVR0MWXx TEKI 

8LITEXXIVRWJVSQXLIWIPIGXIHTEXXIVRKVSYTETTIEVSRXLIWGVIIR

4VIWWXLIFYXXSRXSWIPIGXXLIHIWMVIHTEXXIVR

2SXI
*SVEOI]XVERWMXMSRXLITMGXYVIMRTMGXYVIGERRSXFIYWIH

%HNYWXMRK(1)[MTITEXXIVRTEVEQIXIVW
3JXLI(1)[MTITEXXIVRWXLIJSPPS[MRKLEZITEVEQIXIVWXLEXGERFIEHNYWXIH

;LIR&VMGO JSVX[SGLERRIPW MWWIPIGXIH TEXXIVRRYQFIVW


XSXS

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7MHI:7M^I< ,SVM^SRXEPQEKRMJMGEXMSR XS
 7MHI:7M^I= :IVXMGEPQEKRMJMGEXMSR XS
 ,IMKLX ,IMKLXSJFVMGO XS
 'IRXIV< ,SVM^SRXEPGIRXIVTSWMXMSR zXSE
 'IRXIV= :IVXMGEPGIRXIVTSWMXMSR zXSF

E 8LILSVM^SRXEPGIRXIVTSWMXMSRSJXLIZMHISTEWXIHSR7MHI:%XzXLIGIRXIVMWEXXLIPIJX
IHKISJXLIWGVIIRERHEXXLIGIRXIVMWEXXLIVMKLXIHKISJXLIWGVIIR
F 8LIZIVXMGEPGIRXIVTSWMXMSRSJXLIZMHISTEWXIHSR7MHI:%XzXLIGIRXIVMWEXXLIFSXXSQ
IHKISJXLIWGVIIRERHEXXLIGIRXIVMWEXXLIXSTIHKISJXLIWGVIIR

;LIR*VEQIMRSYX JSVX[SGLERRIPW MWWIPIGXIH


e 4EXXIVRRYQFIVWXS
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 (IPE] 8MQMRKJSVZMHISWIPIGXIHSR zXS
EYXMPMX]FYWXSETTIEVSRXLI
WGVIIR

e 4EXXIVRRYQFIVWXS
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 6SX< 6SXEXMSREFSYXXLI=E\MW zXS
LSVM^SRXEPHMVIGXMSR
 6SX= 6SXEXMSREFSYXXLI<E\MW zXS
ZIVXMGEPHMVIGXMSR
 6SX> 6SXEXMSREFSYXXLI>E\MW zXS

&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 (IPE] 8MQMRKJSVZMHISWIPIGXIHSR zXS
EYXMPMX]FYWXSETTIEVSRXLI
WGVIIR

7IXXMRK(1);MTI1SHMJMIVW
=SYGERETTP]ZEVMSYWQSHMJMIVWXSXLI(1)[MTITEXXIVRWIXXMRKXLI(1)
[MTIHMVIGXMSRTEXXIVRTSWMXMSRERHWSSR
*SVERSZIVZMI[SJXLI(1)[MTIQSHMJMIVWWIIw(1);MTI4EXXIVR
:EVMEXMSRERH1SHMJMIVWx TEKI 

7TIGMJ]MRKXLI(1)[MTIHMVIGXMSR (MVIGXMSR
=SYGERWTIGMJ]XLI(1)[MTIHMVIGXMSR RSVQEPVIZIVWI 

8SWTIGMJ]XLI(1)[MTIHMVIGXMSRMREQIRY

-RXLI1)"(1);MTIQIRYWIPIGX,*u)HKI(MVIGXMSRv
8LI)HKI(MVIGXMSRQIRYETTIEVW

-RXLI (MVIGXMSR"KVSYTWTIGMJ]XLI(1)[MTIHMVIGXMSR
2SVQEPVIKYPEVHMVIGXMSR
2SVQEP6IZIVWIEPXIVREXIFIX[IIRVIKYPEVERHVIZIVWIJSVIEGLXVERWMXMSR
6IZIVWIVIZIVWIHMVIGXMSRXSRSVQEP

8SWTIGMJ]XLI(1)[MTIHMVIGXMSR[MXLEFYXXSRMRXLIXVERWMXMSR
GSRXVSPFPSGO
-RXLIXVERWMXMSRGSRXVSPFPSGOSJIEGLSJXLI1)XS1)ERH4+1478
FEROWTVIWWXLIJSPPS[MRKHMVIGXMSRWIPIGXMSRFYXXSRW
23612SVQEP
23616):2SVQEP6IZIVWI
6):6IZIVWI

1SHMJ]MRKXLI(1)[MTITEXXIVRIHKI
-RXLI1)"(1);MTIQIRYWIPIGX,*u)HKI(MVIGXMSRv
8LI)HKI(MVIGXMSRQIRYETTIEVW

(ITIRHMRKSR[LIXLIVXLIWIPIGXIHTEXXIVRMWMRSRIGLERRIPQSHISVX[S
GLERRIPQSHITVSGIIHEWJSPPS[W

 &EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW
*SVETEXXIVRMRSRIGLERRIPQSHITVIWW?WX'LAXYVRMRKMXSR
*SVETEXXIVRMRX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGX
XLIGSVVIWTSRHMRKGLERRIP=SYGERWIPIGXQSVIXLERSRIGLERRIPEX
XLIWEQIXMQI

-RXLI )HKI"KVSYTWIPIGXXLIIHKIX]TI
&SVHIVFSVHIV
7SJX&SVHIVWSJXFSVHIV

7IXXLITEVEQIXIVWEGGSVHMRKXSXLIWIPIGXMSRMRWXIT
e ;LIRFSVHIVMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL &SVHIV[MHXL XS
 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

e ;LIRWSJXFSVHIVMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ;MHXL &SVHIV[MHXL XS
 -RRIV7SJX &SVHIVMRRIVWSJXRIWW XS
 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

(MWTPE]MRHMGEXMSRW[LIRQYPXMTPIGLERRIPWEVIWIPIGXIHEXXLIWEQI
XMQI
8LIMRHMGEXMSRWSRXLIORSFWWLS[XLIWIXXMRKWSJXLIPS[IWXRYQFIVIH
GLERRIP;LIR]SYXYVRXLIORSFWXSEHNYWXXLIWIXXMRKWXLMWGLERKIWXLI
WIXXMRKWSRXLISXLIVGLERRIPWF]XLIWEQIEQSYRX

7IXXMRKXLI(1)[MTITSWMXMSR 4SWMXMSRIV
-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

(ITIRHMRKSR[LIXLIVXLI(1)[MTITEXXIVRMWMRSRIGLERRIPQSHISV
X[SGLERRIPQSHITVSGIIHEWJSPPS[W
*SVETEXXIVRMRSRIGLERRIPQSHITVIWW?WX'LAXYVRMRKMXSR

&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
*SVETEXXIVRMRX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGX
XLIGSVVIWTSRHMRKGLERRIP=SYGERWIPIGXQSVIXLERSRIGLERRIPEX
XLIWEQIXMQI

-RXLI 4SWMXMSR"KVSYTTVIWW?4SWMXMSRAXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 , ,SVM^SRXEPTSWMXMSR zXS
 : :IVXMGEPTSWMXMSR zXS

(MWTPE]MRHMGEXMSRW[LIRQYPXMTPIGLERRIPWEVIWIPIGXIHEXXLIWEQI
XMQI
8LIMRHMGEXMSRWSRXLIORSFWWLS[XLIWIXXMRKWSJXLIPS[IWXRYQFIVIH
GLERRIP;LIR]SYXYVRXLIORSFWXSEHNYWXXLIWIXXMRKWXLMWGLERKIWXLI
WIXXMRKWSRXLISXLIVGLERRIPWF]XLIWEQIEQSYRX

8SVIXYVRXLI(1)[MTITEXXIVRTSWMXMSRXSXLIGIRXIVSJXLIWGVIIR
-RXLI 4SWMXMSR"KVSYTTVIWW?'IRXIVA

(MWTPE]MRKERHQSZMRKXLITSWMXMSRSJXLI(1)[MTITEXXIVR
TSWMXMSRWIPIGX
-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW
-RXLI 4SWMXMSR7IPIGX"KVSYTXLISRISJXLI?8ST0IJXA?8ST6MKLXA
?&SXXSQ0IJXAERH?&SXXSQ6MKLXAFYXXSRWXLEXMWSRMRHMGEXIWXLIGYVVIRX
HMWTPE]TSWMXMSRSJXLI(1)[MTITEXXIVR

-RXLI 4SWMXMSR"KVSYTTVIWW?4SWMXMSRAXYVRMRKMXSR

(ITIRHMRKSR[LIXLIVXLI(1)[MTITEXXIVRMWMRSRIGLERRIPQSHISV
X[SGLERRIPQSHITVSGIIHEWJSPPS[W
-RSRIGLERRIPQSHITVIWW?WX'LAXYVRMRKMXSR
-RX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGXXLI
GSVVIWTSRHMRKGLERRIP=SYGERWIPIGXQSVIXLERSRIGLERRIPEXXLI
WEQIXMQI

8SQSZIXLITSWMXMSRSJXLI(1)[MTITEXXIVRTVIWWXLIFYXXSR[LIVI]SY
[ERXXSQSZIXSXYVRMRKMXSR

 &EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW
8LI(1)[MTITEXXIVRHMWTPE]IHSRXLIWGVIIRQSZIWXSXLITSWMXMSRSJ
XLIWTIGMJMIHFYXXSR

7IXXMRKVIPEXMZITSWMXMSRWXSQSZIXLI(1)[MTITEXXIVR
-RX[SGLERRIPQSHIYWIXLIJSPPS[MRKTVSGIHYVI

-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

-RXLI 'L7IPIGX"KVSYTWIPIGXXLIXEVKIXGLERRIPW

4VIWW?4SWMXMSRAMRXLI 4SWMXMSR"KVSYTXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 6IPEXMZI, 6IPEXMZIQSZIQIRXMRXLI zXS
LSVM^SRXEPHMVIGXMSR
 6IPEXMZI: 6IPEXMZIQSZIQIRXMRXLIZIVXMGEP zXS
HMVIGXMSR

*SVHIXEMPWSJXLIQIXLSHSJ(1)[MTITEXXIVRWIPIGXMSRWIIw(1);MTI
4EXXIVR7IPIGXMSRx TEKI 

7IXXMRKXLI(1)[MTITEXXIVRWM^I 7M^I
-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

(ITIRHMRKSR[LIXLIVXLIWIPIGXIHTEXXIVRMWMRSRIGLERRIPQSHISVX[S
GLERRIPQSHITVSGIIHEWJSPPS[W
*SVETEXXIVRMRSRIGLERRIPQSHITVIWW?WX'LAXYVRMRKMXSR
*SVETEXXIVRMRX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGX
XLIGSVVIWTSRHMRKGLERRIP=SYGERWIPIGXQSVIXLERSRIGLERRIPEX
XLIWEQIXMQI

4VIWW?7M^IAXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7M^I 7IXWM^ISJIJJIGX XSE

&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
E 8LIIJJIGXWM^I[LIR?7M^IAMWSJJMWXEOIREW 

(MWTPE]MRHMGEXMSRW[LIRQYPXMTPIGLERRIPWEVIWIPIGXIHEXXLIWEQI
XMQI
8LIMRHMGEXMSRWSRXLIORSFWWLS[XLIWIXXMRKWSJXLIPS[IWXRYQFIVIH
GLERRIP;LIR]SYXYVRXLIORSFWXSEHNYWXXLIWIXXMRKWXLMWGLERKIWXLI
WIXXMRKWSRXLISXLIVGLERRIPWF]XLIWEQIEQSYRX

%HNYWXMRKXLI(1)[MTITEXXIVRGVSTTMRK

2SXI
;LIRTEXXIVRRYQFIVWERHEVIWIPIGXIHGVSTGERRSXFIYWIH

-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

(ITIRHMRKSR[LIXLIVXLIWIPIGXIHTEXXIVRMWMRSRIGLERRIPQSHISVX[S
GLERRIPQSHITVSGIIHEWJSPPS[W
*SVETEXXIVRMRSRIGLERRIPQSHITVIWW?WX'LAXYVRMRKMXSR
*SVETEXXIVRMRX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGX
XLIGSVVIWTSRHMRKGLERRIP=SYGERWIPIGXQSVIXLERSRIGLERRIPEX
XLIWEQIXMQI7SQITEXXIVRWRIIHRSWIPIGXMSR[LMGLMWJM\IHMRXLI
'L7IPIGX"KVSYT

-RXLI 'VST1SHI"KVSYTTVIWW?'VSTAXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 8ST 'VSTXLIXSTSJXLIMQEKI zXS
 0IJX 'VSTXLIPIJXSJXLIMQEKI zXS
 6MKLX 'VSTXLIVMKLXSJXLIMQEKI zXS
 &SXXSQ 'VSTXLIFSXXSQSJXLIMQEKI zXS

(MWTPE]MRHMGEXMSRW[LIRQYPXMTPIGLERRIPWEVIWIPIGXIHEXXLIWEQI
XMQI
8LIMRHMGEXMSRWSRXLIORSFWWLS[XLIWIXXMRKWSJXLIPS[IWXRYQFIVIH
GLERRIP;LIR]SYXYVRXLIORSFWXSEHNYWXXLIWIXXMRKWXLMWGLERKIWXLI
WIXXMRKWSRXLISXLIVGLERRIPWF]XLIWEQIEQSYRX

-RQSHIXSGVSTXSEWTIGXVEXMS
-RXLI 'VST1SHI"KVSYTTVIWW?AXYVRMRKMXSR

 &EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW
8SWIXXLIEGXMSR[LIRE(1)[MTIGVSTXVERWMXMSRMWI\IGYXIH

-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

(ITIRHMRKSR[LIXLIVXLIWIPIGXIHTEXXIVRMWMRSRIGLERRIPQSHISVX[S
GLERRIPQSHITVSGIIHEWJSPPS[W
*SVETEXXIVRMRSRIGLERRIPQSHIMRXLI 'L7IPIGX"KVSYTTVIWW?WX
'LAXYVRMRKMXSR
*SVETEXXIVRMRX[SGLERRIPQSHIJVSQXLI 'L7IPIGX"KVSYTWIPIGX
XLIGSVVIWTSRHMRKGLERRIPW=SYGERWIPIGXQSVIXLERSRIGLERRIPEX
XLIWEQIXMQI

-RXLI 'VST1SHI"KVSYTTVIWW?'VSTASV?'VSTA XSGVSTJVSQ


XSEWTIGXVEXMS XYVRMRKMXSR

-RXLI 'VST1SHI"KVSYTTVIWW?6IQSZI*VSQ&IKMRA
8LI6IQSZI*VSQ&IKMRQIRYETTIEVW

-RXLI 'VST8VERWMXMSR"KVSYTWIPIGXXLII\IGYXMSRQSHIJSVXLI(1)
[MTIGVSTXVERWMXMSR
'YX'YXQSHI8LIGVSTTMRKHSIWRSXGLERKIHYVMRKXLIXVERWMXMSRFYXEX
XLIIRHTSMRXSJXLIXVERWMXMSRXLIGVSTTMRKMWVIQSZIH IRPEVKIW 
0EWX 8LIGVSTTMRKMWQEMRXEMRIHJSVXLIJMVWX SJXLIXVERWMXMSR
ERHMWTVSKVIWWMZIP]VIQSZIHHYVMRKXLIPEWX SJXLIXVERWMXMSR
IRPEVKIW 
0MRIEV8LIGVSTTMRKMWVIQSZIHPMRIEVP]XLVSYKLXLI[LSPIGSYVWISJXLI
XVERWMXMSR IRPEVKIW 

&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
8VERWMXMSR 8VERWMXMSR 8VERWMXMSR
'VSTTMRK 'VSTTMRK 'VSTTMRK
] ] ]

  



 X  X  X
   
?'YXA ?0EWX A ?0MRIEVA

XXVERWMXMSRI\IGYXMSRXMQI
]GLERKIMRXVERWMXMSRERHGVSTTMRKEQSYRX

7IXXMRKXLIXMQMRKSJXVERWMXMSRGSQTPIXMSR
;LIRXLII\IGYXMSRQSHIJSVE(1)[MTIGVSTXVERWMXMSRMWWIXXS?0EWX A
]SYGERWIPIGXXLIXMQMRKSJXVERWMXMSRGSQTPIXMSRJVSQ  ?0EWX A  
?0EWX A ERH  ?3JJA 

-RXLI1)"(1);MTIQIRYWIPIGX,*u1SHMJ]v
8LI1SHMJ]QIRYETTIEVW

-RXLI 'VST1SHI"KVSYTWIPIGX?6IQSZI*VSQ&IKMRA
8LI6IQSZI*VSQ&IKMRQIRYETTIEVW

-RXLI 6IPIEWI8VERWMXMSR"KVSYTWIPIGXXLIXMQMRKSJXVERWMXMSR
GSQTPIXMSR
0EWX 8LIXVERWMXMSRGSQTPIXIWEXXLIIRHSJ SJXLIXVERWMXMSR
I\IGYXMSRXMQI8LIXVERWMXMSRLEWEHIEH^SRIJVSQ XS SJXLI
XVERWMXMSRXMQI
0EWX 8LIXVERWMXMSRGSQTPIXIWEXXLIIRHSJ SJXLIXVERWMXMSR
I\IGYXMSRXMQI;LIRXLIXVERWMXMSRGSQTPIXIWXLIGVSTTMRKMW
VIQSZIHHYVMRKXLIPEWX 
3JJ8LIXVERWMXMSRGSQTPIXIWEXXLIIRHSJXLIXVERWMXMSRI\IGYXMSRXMQI
(YVMRKXLIPEWX SJXLIXVERWMXMSRXLIXVERWMXMSRERHGVSTTMRK
VIQSZEPTVSGIIHXSKIXLIV

 &EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW
8VERWMXMSR 8VERWMXMSR 8VERWMXMSR
'VSTTMRK 'VSTTMRK 'VSTTMRK
] ] ]
w(IEH>SRIx
  



 X  X  X
       
?0EWX A ?0EWX A ?3JJA

XXVERWMXMSRI\IGYXMSRXMQI
]GLERKIMRXVERWMXMSRERHGVSTTMRKEQSYRX

(1);MTI1SHMJ]'PIEV
4VIWW?(IJEYPX6IGEPPAEXXLIPS[IVPIJXSJXLIQIRYHMWTPE]XYVRMRKMXSRXLIR
TVIWW:*u(1);MTIvXSVIXYVRXLI(1)[MTIWIXXMRKWXSXLIMVMRMXMEPWXEXYW
*SVHIXEMPWSJXLIQIRYSTIVEXMSRXSVIXYVRXLI(1)[MTIWXEXIXSXLEXWIXMR
MRMXMEPWXEXYWWIIw6IXYVRMRKXSHIJEYPXWXEXIMRJYRGXMSRKVSYTMRKWx TEKI 

&EWMG4VSGIHYVIJSV(1);MTI7IXXMRKW 
(1);MTI7IXXMRKWJSV-RHITIRHIRX/I]
8VERWMXMSRW

=SYGEVV]SYXMRHITIRHIRXOI]HS[RWXVIEQOI]XVERWMXMSR(1)[MTIWIXXMRK
STIVEXMSRWYWMRKXLI(1);MTI%HNYWXQIRYJSVIEGLOI]IV
*SVERSZIVZMI[SJMRHITIRHIRXOI]XVERWMXMSRWWIITEKI

8LMWWIGXMSRHIWGVMFIWXLIMRHITIRHIRXOI]XVERWMXMSR(1)[MTIWIXXMRKW
XEOMRKXLI1)"/I]"8VERWMXMSR"(1);MTI%HNYWXQIRYEWERI\EQTPI

&EWMG4VSGIHYVIJSV-RHITIRHIRX/I]8VERWMXMSR(1)
;MTI7IXXMRKW

%GGIWWMRKXLIMRHITIRHIRXOI]XVERWMXMSR(1)[MTIWIXXMRKW
QIRY
%WERI\EQTPIXSEGGIWWXLI1)"/I]"8VERWMXMSR"(1);MTI%HNYWX
QIRYGEVV]SYXXLIJSPPS[MRKSTIVEXMSR
e -RXLIQIRYGSRXVSPFPSGOWIPIGXXLIXSTQIRYWIPIGXMSRFYXXSR?1)AERH
WIPIGX:*u/I]vERH,*u8VERWMXMSRvXSHMWTPE]XLI8VERWMXMSRQIRYJSV
OI]2I\XTVIWW?(1);MTI%HNYWXA
'EVV]MRKSYXXLIEFSZISTIVEXMSRHMWTPE]WXLI1)"/I]"8VERWMXMSR
"(1);MTI%HNYWXQIRY [LMGL[MPPFIVIJIVVIHXSFIPS[EWWMQTP]XLI/I]
(1);MTI%HNYWXQIRY 

7IPIGXMRKXLIMRHITIRHIRXOI]XVERWMXMSR(1)[MTITEXXIVR
=SYWIPIGXXLIMRHITIRHIRXOI](1)[MTITEXXIVRJVSQXLIPMWXSJTEXXIVRW
HMWTPE]IHMRXLIQIRY

8SWIPIGXE(1)[MTITEXXIVRJSVMRHITIRHIRXOI]SRXLI1)FEROYWIXLI
JSPPS[MRKTVSGIHYVI

-RXLI 4EXXIVR7IPIGX"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?GLA
8LI4EXXIVR7IPIGXQIRYETTIEVW

7IPIGXXLI(1)[MTITEXXIVRKVSYT[MXLSRISJXLIJSPPS[MRKFYXXSRW

 (1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW
e 7PMHI7UYII^IWPMHIERHWUYII^I
e (SSVHSSV
e *VEQI-3JVEQIMRSYX
e (8VERW(8VERW(XVERWERH(XVERW
e 9WIV4VSKVEQYWIVTVSKVEQQEFPI(1)
*SVHIXEMPWSJ(1)[MTITEXXIVRWWIIw8]TIWSJ(1);MTI4EXXIVRx
TEKI ERHw(1);MTI4EXXIVR0MWXx TEKI 

8LITEXXIVRWJVSQXLIWIPIGXIHTEXXIVRKVSYTETTIEVSRXLIWGVIIR

4VIWWXLIFYXXSRXSWIPIGXXLIHIWMVIHTEXXIVR

7IXXMRK-RHITIRHIRX/I]8VERWMXMSR(1);MTI
1SHMJMIVW
=SYGEREHHQSHMJMIVWWYGLEWTEXXIVRTSWMXMSRERHWM^IJSVERMRHITIRHIRXOI]
XVERWMXMSR(1)[MTI
*SVMRXVSHYGXSV]MRJSVQEXMSRWIIw7IXXMRKXLI(1)[MTITSWMXMSR
4SWMXMSRIV x TEKI ERHw7IXXMRKXLI(1)[MTITEXXIVRWM^I 7M^I x TEKI
 

7IXXMRKXLI(1)[MTITSWMXMSR 4SWMXMSRIV
*SVETTPMGEFPITEXXIVRRYQFIVWWIITEKI

-RXLI 4SWMXMSR"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?4SWMXMSRAXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 , ,SVM^SRXEPTSWMXMSR zXS
 : :IVXMGEPTSWMXMSR zXS

8SVIXYVRXLI(1)[MTITEXXIVRTSWMXMSRXSXLIGIRXIVSJXLIWGVIIR
-RXLI 4SWMXMSR"KVSYTTVIWW?'IRXIVA

7IXXMRKXLI(1)[MTITEXXIVRWM^I 7M^I
*SVETTPMGEFPITEXXIVRRYQFIVWWIITEKI

-RXLI/I](1);MTI%HNYWXQIRYTVIWW?7M^IAXYVRMRKMXSR

(1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
7IXXLIJSPPS[MRKTEVEQIXIV

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7M^I 7IXWM^ISJIJJIGX XSE

E 8LIIJJIGXWM^I[LIR?7M^IAMWSJJMWXEOIREW 

'VSTTMRKEOI](1)[MTI
-RXLI 'VST1SHI"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?'VSTAXYVRMRKMXSR

7IXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 8ST 'VSTTMRKSJXLIXSTSJXLIMQEKI zXS
 0IJX 'VSTTMRKSJXLIPIJXSJXLIMQEKI zXS
 6MKLX 'VSTTMRKSJXLIVMKLXSJXLIMQEKI zXS
 &SXXSQ 'VSTTMRKSJXLIFSXXSQSJXLI zXS
MQEKI

8SGVSTXSMRQSHI
-RXLI 'VST1SHI"KVSYTTVIWW?'VSTAXYVRMRKMXSR

8SWIXXLISTIVEXMSRJSV(1)[MTIGVSTXVERWMXMSRI\IGYXMSR

-RXLI 'VST1SHI"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?'VSTAXYVRMRKMXSR

-RXLI 'VST1SHI"KVSYTTVIWW?'VSTASV?'VSTA XSGVSTXSMR


QSHI XYVRMRKMXSR

-RXLI 'VST1SHI"KVSYTTVIWW?6IQSZI*VSQ&IKMRA
8LI6IQSZI*VSQ&IKMRQIRYETTIEVW
*SVWYFWIUYIRXSTIVEXMSRWWIIWXITSJw8SWIXXLIEGXMSR[LIRE(1)
[MTIGVSTXVERWMXMSRMWI\IGYXIHx TEKI 

8SWIXXLIXMQMRKSJXVERWMXMSRGSQTPIXMSR

-RXLI 'VST1SHI"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?'VSTAXYVRMRKMXSR

 (1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW
-RXLI 'VST1SHI"KVSYTTVIWW?6IQSZI*VSQ&IKMRA
*SVWYFWIUYIRXSTIVEXMSRWWIIw7IXXMRKXLIXMQMRKSJXVERWMXMSR
GSQTPIXMSRx TEKI 

%TTP]MRKEFSVHIVXSEOI](1)[MTI
-RXLI )HKI"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW?&SVHIVA
XYVRMRKMXSR
*SVWYFWIUYIRXSTIVEXMSRWYWIXLIWEQITVSGIWWEWMRWXITSJw1SHMJ]MRKXLI
(1)[MTITEXXIVRIHKIx TEKI 

(1);MTI7IXXMRKWJSV-RHITIRHIRX/I]8VERWMXMSRW 
6IWM^IV(1);MTI7IXXMRK

%(1)[MTIMWSRP]TSWWMFPI[LIRYWMRKXLIVIWM^IVSVEW[MXGLIV[MXL
MRGSVTSVEXIH(1)

2SXIW
e -XMWRSXTSWWMFPIXSYWIEVIWM^IV(1)[MTIJSVOI]SVOI]
e ;LIRXLIWGVIIREWTIGXVEXMSMWMR,(JSVQEX[LIRXLIVIWM^IV(1)
[MTIMWYWIHXSWLVMROEZMHISMQEKIXLMWMWETTPMIHXSXLIWGVIIR
MRGPYHMRKXLIEHHIHZMHISSRXLIPIJXERHVMKLXWMHIW9WIXLIGVSTJYRGXMSR
EWVIUYMVIHXSI\XVEGXXLIMQEKI

(1)[MTITEXXIVRWEZEMPEFPIJSVVIWM^IV(1)[MTI
=SYGERYWIXLIJSPPS[MRKTEXXIVRWSJXLI(1)[MTITEXXIVRSRIGLERRIPQSHI
XLEXGERFIYWIHMREVIWM^IV(1)[MTI WIVMIWRYQFIVW
e 7PMHI TEXXIVRRYQFIVWXS
e 7UYII^I TEXXIVRRYQFIVWXS
e JVEQIMRSYX TEXXIVRRYQFIVWXSXS

6IPEXMSRFIX[IIR(1)[MTIWERHSXLIVIJJIGXW
8LIJSPPS[MRKVIPEXMSRWLSPHFIX[IIREVIWM^IV(1)[MTIERHSXLIVIJJIGXW

6IPEXMSRXSTVSGIWWIHOI]W
-XMWRSXTSWWMFPIXSWIPIGXEVIWM^IV(1)[MTIJSVEOI][MXLTVSGIWWIHOI]
IREFPIH

6IPEXMSRXSVIWM^IV
-XMWRSXTSWWMFPIXSYWIEVIWM^IV(1)[MTIJSVEOI][MXLVIWM^IVIREFPIH

1EOMRKVIWM^IV(1)[MTIWIXXMRKW
-RXLI 4EXXIVR7IPIGX"KVSYTSJXLI/I](1);MTI%HNYWXQIRYTVIWW
?GLA
8LIGL4EXXIVR7IPIGXQIRYETTIEVW

7IPIGX?6IWM^IV7PMHI7UYII^IASV?6IWM^IV*VEQI-3A
8LITEXXIVRWSJXLIWIPIGXIHKVSYTETTIEV

8LI[MTITEXXIVRWXLEXGERFIYWIHJSVEVIWM^IV(1)[MTIEVIEWJSPPS[W
e 7PMHI TEXXIVRRYQFIVWXS

 6IWM^IV(1);MTI7IXXMRK
e 7UYII^I TEXXIVRRYQFIVWXS
e *VEQIMRSYX TEXXIVRRYQFIVWXSXS

4VIWWXLIHIWMVIHTEXXIVRXSWIPIGXMX
*SVQSVIEFSYXVIWM^IV(1)[MTIQSHMJMIVWWIIw7IXXMRK-RHITIRHIRX
/I]8VERWMXMSR(1);MTI1SHMJMIVWx TEKI 

6IWM^IV(1);MTI7IXXMRK 
(1);MTI7RETWLSXW

=SYGERWRETWLSXERHWEZIE(1)[MTITEXXIVRXSKIXLIV[MXLXLIGYVVIRX
WIXXMRKWSJMXWQSHMJMIVWERHTEXXIVRPMQMXMREHIHMGEXIHVIKMWXIVJSVVIGEPP[LIR
VIUYMVIH
8LIVIEVI(1)[MTIWRETWLSXVIKMWXIVWJSVIEGLSJXLI1)ERH44FEROW
9WIXLIQIRYXSWEZIERHVIGEPPXLIWIVIKMWXIVW

(1)7RETWLSX3TIVEXMSRW;MXLXLI1IRYW
-RXLIWEQI[E]EWJSV[MTIWRETWLSXW]SYGERWEZIVIGEPPERHHIPIXI(1)
WRETWLSXW
*SVHIXEMPWSJXLISTIVEXMRKTVSGIHYVIWWIIw;MTI7RETWLSX3TIVEXMSRW;MXL
XLI1IRYWx TEKI 

 (1);MTI7RETWLSXW
'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW

;MXLEYWIVTVSKVEQQEFPI(1)]SYGERYWI(1)IJJIGXWGVIEXIHXLVSYKLXLI
YWISJOI]JVEQIWJSVEXVERWMXMSRSRXLIW[MXGLIVW]WXIQ
2SXIXLIJSPPS[MRKTSMRXW[LIRGVIEXMRKEOI]JVEQIIJJIGXJSVYWIEWEYWIV
TVSKVEQQEFPI(1)TEXXIVR

6IKMWXIVRYQFIVWERHTEXXIVRRYQFIVW
;LIRWEZMRKEOI]JVEQIIJJIGXEWEYWIVTVSKVEQQEFPI(1)TEXXIVRWTIGMJ]
XLIVIKMWXIVRYQFIVXLEXGSVVIWTSRHWXSXLITEXXIVRRYQFIVEWWLS[RMRXLI
JSPPS[MRKXEFPI

)\IGYXMSRQSHI 6IKMWXIVRYQFIV 4EXXIVRRYQFIV


3RIGLERRIPQSHI XS XS
8[SGLERRIPQSHI XS XS

*SVHIXEMPWSJVIKMWXIVWERHOI]JVEQIIJJIGXWWII'LETXIVw/I]JVEQI
)JJIGXWx :SPYQI VIWTIGXMZIP]

/I]JVEQIIJJIGXWMRXLIKPSFEPGLERRIP
;LIRXLIIJJIGX[MXLXLIWEQIRYQFIVEWXLIVIJIVIRGIGLERRIPMWTVIWIRXSR
XLI(1)KPSFEP +0&0 GLERRIPI\IGYXMRKXLIYWIVTVSKVEQQEFPI(1)[MPP
EPWSI\IGYXIXLIIJJIGXSRXLIKPSFEPGLERRIPWMQYPXERISYWP]
;LIRI\IGYXMRKEYWIVTVSKVEQQEFPI(1)XEOIRSXISJ[LIXLIVXLIIJJIGXMW
TVIWIRXSRXLIKPSFEPGLERRIP

9WIV4VSKVEQQEFPI(1)8VERWMXMSR1SHI
8SGVIEXIEYWIVTVSKVEQQEFPI(1)MXMWRIGIWWEV]XSWIXXLIXVERWMXMSRQSHI
XLI[E]MR[LMGLXLIIJJIGXQSZIW 8SWIXXLIXVERWMXMSRQSHIYWIXLI/I]
*VEQI"(1)9WIV4+1QIRY
*SVHIXEMPWSJXLISTIVEXMRKTVSGIHYVIWWIIw8VERWMXMSR1SHI7IXXMRKWJSV
9WIV4VSKVEQQEFPI(1)xMR'LETXIV :SPYQI 

'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW 
8LIJSPPS[MRKXVERWMXMSRQSHIWEVIEZEMPEFPI

'LERRIPW 8VERWMXMSRQSHI )JJIGXKVSYT


3RIGLERRIPQSHI 7MRKPIXVERWMXMSRQSHI 7PMHI7UYII^I(SSV*PMT
XYQFPI*VEQIMRSYX(
XVERW(XVERW
*PMT8YQFPI *PMT8YQFPI1SWEMG(IJSGYW
*VEQIMRSYX *VEQIMRSYX

*VEQIMRSYX,E *VEQIMRSYX

*VEQIMRSYX: *VEQIMRSYX
F 4MGXYVIMRTMGXYVI
4MGXYVIMRTMGXYVI

'SQTVIWWG 4MGXYVIMRTMGXYVI

8[SGLERRIPQSHI (YEPXVERWMXMSRQSHI 7PMHI7UYII^I(8VERW


8[SGLERRIPTMGXYVIMRTMGXYVI 4MGXYVIMRTMGXYVI

E 8VERWMXMSREGGSVHMRKXS(1)[MTITEXXIVRWSV
F 8VERWMXMSREGGSVHMRKXS(1)[MTITEXXIVR
G 8VERWMXMSREGGSVHMRKXS(1)[MTITEXXIVR

*SVHIXEMPWWIIw3ZIVZMI[x TEKI 

2SXI
*SVXLIJSPPS[MRKKVSYTSJIJJIGXWEZEMPEFPIMRX[SGLERRIPQSHIRSYWIV
TVSKVEQQEFPI(1)[MTITEXXIVRWGERFIGVIEXIH
*VEQIMRSYX&VMGO

2SXIWSRGVIEXMRKOI]JVEQIIJJIGXW
;LIRGVIEXMRKEOI]JVEQIIJJIGXXSFIYWIHEWEYWIVTVSKVEQQEFPI(1)
TEXXIVRRSXIXLIJSPPS[MRKHITIRHMRKSRXLIXVERWMXMSRQSHIYWIH

2SXIWSRWMRKPIXVERWMXMSRQSHI SRIGLERRIPQSHI
e )MXLIVGVIEXIXLIJMVWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLI
MQEKIWM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e 'VIEXIXLIPEWXOI]JVEQIXSFIEJYPPWM^IMQEKI
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?7MRKPIA

2SXIWSRJPMTXYQFPI SRIGLERRIPQSHI
e 'VIEXIXLIJMVWXOI]JVEQIMQEKIEXJYPPWM^I-RXLI &EGO"KVSYTSJXLI(1)
"-RTYX3YXTYX":MHIS/I]QIRYHITIRHMRKSRXLIHMVIGXMSRSJXLIVSXEXMSR
]SY[ERXHYVMRKXLIXVERWMXMSRTVIWW?,-RZIVXASV?:-RZIVXAXYVRMRKMXSR
e 'VIEXIXLIPEWXOI]JVEQI[MXLXLIMQEKIMRZIVXIHWSXLIFEGOWMHIMWZMWMFPI
ERH[MXLXLIWM^IEXJYPPWM^I

 'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?*PMT8YQFPIA

2SXIWSRJVEQIMRSYX SRIGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQIW
e )MXLIVGVIEXIXLIJMVWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLI
MQEKIWM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e 'VIEXIXLIJMVWXXVERWMXMSRXSIRHWYGLXLEXXLIMQEKIGERFIWIIR[MXLMRXLI
WGVIIR%XXLMWTSMRXTVIWWXLI?4%97)AFYXXSRMRXLIOI]JVEQIGSRXVSP
FPSGOXYVRMRKMXSRXSWIXETEYWIJSVXLIOI]JVEQI
e )MXLIVGVIEXIXLIPEWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLIMQEKI
WM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?*6%1)-3A

2SXIWSR*VEQIMRSYX, SRIGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQITSMRXW
e )MXLIVGVIEXIXLIJMVWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLI
MQEKIWM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e %WXLIWXEXIEJXIVGSQTPIXMSRSJXLIJMVWXXVERWMXMSRQSZIXLIMQEKI
LSVM^SRXEPP]XSQEOIMXZMWMFPI[MXLMRXLIWGVIIR%XXLMWXMQITVIWWXLI
?4%97)AFYXXSRMRXLIOI]JVEQIGSRXVSPFPSGOXYVRMRKMXSRXSWIXETEYWI
JSVXLIOI]JVEQI
e *SVXLIPEWXOI]JVEQIQSZIXLIMQEKILSVM^SRXEPP]XSTPEGIMXSYXWMHIXLI
WGVIIREVIESVWIXXLIMQEKIWM^IXS^IVSWSXLEXXLIMQEKIMWRSXZMWMFPI
[MXLMRXLIWGVIIR
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?*6%1)-3,A

2SXIWSRJVEQIMRSYX: SRIGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQITSMRXW
e )MXLIVGVIEXIXLIJMVWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLI
MQEKIWM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e %WXLIWXEXIEJXIVGSQTPIXMSRSJXLIJMVWXXVERWMXMSRQSZIXLIMQEKIZIVXMGEPP]
XSQEOIMXZMWMFPI[MXLMRXLIWGVIIR%XXLMWXMQITVIWWXLI?4%97)AFYXXSR
MRXLIOI]JVEQIGSRXVSPFPSGOXYVRMRKMXSRXSWIXETEYWIJSVXLIOI]JVEQI
e *SVXLIPEWXOI]JVEQIQSZIXLIMQEKIZIVXMGEPP]XSTPEGIMXSYXWMHIXLIWGVIIR
EVIESVWIXXLIMQEKIWM^IXS^IVSWSXLEXXLIMQEKIMWRSXZMWMFPI[MXLMRXLI
WGVIIR
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?*6%1)-3:A

2SXIWSRTMGXYVIMRTMGXYVI SRIGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQIW
e )MXLIVGVIEXIXLIJMVWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLI
MQEKIWM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR

'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW 
e 'VIEXIXLIJMVWXXVERWMXMSRXSIRHWYGLXLEXXLIMQEKIGERFIWIIR[MXLMRXLI
WGVIIR%XXLMWTSMRXTVIWWXLI?4%97)AFYXXSRMRXLIOI]JVEQIGSRXVSP
FPSGOXYVRMRKMXSRXSWIXETEYWIJSVXLIOI]JVEQI
e )MXLIVGVIEXIXLIPEWXOI]JVEQIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLIMQEKI
WM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?4-R4A

2SXIWSRGSQTVIWW SRIGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQITSMRXW
e 'VIEXIXLIJMVWXOI]JVEQI[MXLXLIMQEKIEXJYPPWM^I
e -RXLIWXEXIEXGSQTPIXMSRSJXLIJMVWXXVERWMXMSRGVIEXIXLIMQEKIXSFIZMWMFPI
[MXLMRXLIWGVIIR%XXLMWXMQITVIWWXLI?4%97)AFYXXSRMRXLIOI]JVEQI
GSRXVSPFPSGOXYVRMRKMXSRXSWIXETEYWIJSVXLIOI]JVEQI
e *SVXLIPEWXOI]JVEQISRGIEKEMRWIXXLIMQEKIWM^IXSJYPPWM^I
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?'SQTVIWWA

2SXIWSRHYEPXVERWMXMSRQSHI X[SGLERRIPQSHI
e 'VIEXIXLIJMVWXOI]JVEQIJSVIEGLGLERRIPEWJSPPS[W
'LERRIPGVIEXIXLIMQEKIJYPPWM^I
'LERRIPIMXLIVGVIEXIXLIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLIMQEKI
WM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
e 'VIEXIXLIPEWXOI]JVEQIJSVIEGLGLERRIPEWJSPPS[W
'LERRIPIMXLIVGVIEXIXLIMQEKISYXWMHIXLIWGVIIREVIESVWIXXLIMQEKI
WM^IXS^IVSWSXLEXMXGERRSXFIWIIR[MXLMRXLIWGVIIR
'LERRIPGVIEXIXLIMQEKIJYPPWM^I
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?(YEPA

2SXIWSRTMGXYVIMRTMGXYVI X[SGLERRIPQSHI
'VIEXIEQMRMQYQSJXLVIIOI]JVEQIW
e 'VIEXIXLIJMVWXOI]JVEQIJSVIEGLGLERRIPEWJSPPS[W
'LERRIPGVIEXIXLIMQEKIJYPPWM^I
'LERRIPWMRGIXLITVMSVMX]MWPS[MX[MPPRSXFIZMWMFPISRXLIWGVIIRWS
RSTEVXMGYPEVVIWXVMGXMSRWETTP]
-RXLI+PSFEP)JJIGX"'LXS'L"'SQFMRIVQIRY[LIRWIXXMRKXLITVMSVMX]
SJGLERRIPERHGLERRIPWIXXLIGLERRIPTVMSVMX]LMKLIV
e -RXLIMRXIVQIHMEXITEVXSJXLIXVERWMXMSRGVIEXIXLIX[SMQEKIWWSXLEXFSXL
EVIZMWMFPI[MXLMRXLIWGVIIR-RXLI+PSFEP)JJIGX"'LXS'L"'SQFMRIV
QIRY[LIRWIXXMRKXLITVMSVMX]SJGLERRIPERHGLERRIPWIXXLIGLERRIP
TVMSVMX]LMKLIV

-XMWVIGSQQIRHIHXSQEOIXLITVMSVMX]WIXXMRKWEXEOI]JVEQITSMRXEX[LMGL
XLIX[SMQEKIWEVIRSXSZIVPETTMRK

 'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW
e (YVMRKXLIGSYVWISJEXVERWMXMSRXLIVIMWEwHIEH^SRIxGSVVIWTSRHMRKXSXLI
MRXIVQIHMEXITSMRXSJXLI[LSPIIJJIGX WIIJSPPS[MRKJMKYVI HYVMRK[LMGL
XLIMQEKIHSIWRSXGLERKI8LIVIJSVIMXMWRIGIWWEV]XSGVIEXIXLIIJJIGXWS
XLEXXLIMQEKIMRXLIMRXIVQIHMEXITEVXSJXLIXVERWMXMSRMWXLIOI]JVEQIJSV
XLIQMHTSMRXSJXLI[LSPIIJJIGX8LIVERKISJXLMWwHIEH^SRIxGSVVIWTSRHW
XSXLIGIRXVEPSRIXLMVHSJXLIVERKISJXLIXVERWMXMSRMRHMGEXSV8LMWEPWS
ETTPMIWXSEREYXSXVERWMXMSR

'LERKIMRMQEKIXLVSYKLXVERWMXMSR

/I]JVEQIIJJIGX -QEKIEXTSMRX'
ETTIEVW
% & '

-QEKIEXTSMRX&
*MVWXOI]JVEQI 0EWXOI]JVEQI ETTIEVW
1MHTSMRXSJIJJIGX HIEH^SRI

-QEKIEXTSMRX%
ETTIEVW

8VERWMXMSRMRHMGEXSV
*EHIVPIZIV

e 'VIEXIXLIPEWXOI]JVEQIJSVIEGLGLERRIPEWJSPPS[W
'LERRIPWMRGIXLITVMSVMX]MWPS[MX[MPPRSXFIZMWMFPISRXLIWGVIIRWS
RSTEVXMGYPEVVIWXVMGXMSRWETTP]
'LERRIPGVIEXIXLIMQEKIJYPPWM^I
e -RXLI 8VERWMXMSR1SHI"KVSYTSJXLI/I]*VEQI"(1)9WIV4+1QIRY
WIPIGX?4-R4A

'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW 
 'VIEXMRK9WIV4VSKVEQQEFPI(1)4EXXIVRW
'LETXIV *VEQI1IQSV]
3ZIVZMI[
7XMPP-QEKI3TIVEXMSRW 
4VITEVEXMSRW 
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JVII^ITVIWW?9RHSAMRXLI *VII^I"KVSYT

2SXIW
e %PPJVII^IMQEKIW[VMXXIRXSXIQTSVEV]QIQSV]EVIPSWX[LIRXLIW]WXIQ
MWTS[IVIHSJJ
e -J]SYGLERKIXLIJVEQIQIQSV]XSYWIEWMRWXITFIJSVIWEZMRKXLI
JVII^IMQEKIW[VMXXIRXSXIQTSVEV]QIQSV]EPPXLIJVII^IMQEKIWMR
XIQTSVEV]QIQSV]EVIPSWXYRPIWWXLIEYXSWXSVIJYRGXMSRLEWFIIR
IREFPIHMRWIXYT;MXLXLIEYXSWXSVIJYRGXMSRIREFPIHXLIJVII^IMQEKIW

 7XMPP-QEKI3TIVEXMSRW
[VMXXIRXSXIQTSVEV]QIQSV]EVIWEZIHEYXSQEXMGEPP][LIRXLIJVEQI
QIQSV]WIPIGXMSRMWGLERKIH
e *SVXLIJSPPS[MRKWMKREPJSVQEXWEJMIPHJVII^IMWRSXTSWWMFPI
44

7EZMRKEJVII^IMQEKI 7XSVI
=SYGERWEZIERMQEKIMRXIQTSVEV]QIQSV][LMGLLEWFIIRTPEGIH[MXLXLI
JVII^IJYRGXMSR EWEJMPIMRQIQSV]=SYGERWEZIEWMRKPIMQEKIMREWMRKPIJMPI
ERHETTP]EREQISJYTXSIMKLXGLEVEGXIVWXSXLIJMPI

2SXI
;LIRXLIW]WXIQMWTS[IVIHSJJEPPXLIJMPIWWEZIHMRQIQSV]EVIIVEWIH

8SWEZIEGETXYVIHWXMPPMQEKIMREJMPIYWIXLIJSPPS[MRKTVSGIHYVIMRXLI7XMPP
"*VII^I7XSVIQIRY

4VIWW?7XSVIA
8LIOI]FSEVH[MRHS[ WIITEKI ETTIEVW

-RXLIOI]FSEVH[MRHS[IRXIVXLIJMPIREQI QE\MQYQGLEVEGXIVW 

2SXI
8LIJSPPS[MRKREQIWGERRSXFIYWIH
'32462%9<'03'/290'31'31'31
'31'31'31'31'31'31'31
048048048048048048048048048
048

-RXLIOI]FSEVH[MRHS[TVIWWXLI?)RXIVAFYXXSR
8LMWWEZIWXLIWXMPPMQEKIJMPIMRQIQSV]
8LIHIWXMREXMSRJSPHIVMWXLIJSPHIVWIPIGXIHMRWXITSJw*VII^MRKERMQEKI
ERH[VMXMRKMXXSQIQSV]x
-JXLIIRXIVIHJSPHIVREQIEPVIEH]I\MWXWEQIWWEKIXSGSRJMVQSZIV[VMXMRK
ETTIEVW
;LIRXLIW]WXIQMWTS[IVIHSJJXLIJMPIWEZIHMRQIQSV]MWIVEWIH

8SGEVV]SYXEJVII^IERHWXSVIWMQYPXERISYWP] *VII^IERH7XSVI
4VIWW?*VII^I
7XSVIAXYVRMRKMXSR
-RXLMWWXEXIMJ]SYTVIWW?*VEQIASV?*MIPHAXLMWGEVVMIWSYXEJVII^IERH
WMQYPXERISYWP]WXSVIWMREWXMPPMQEKIJMPI

7XMPP-QEKI3TIVEXMSRW 
7IXXMRKZMHISTVSGIWWMRK
8SWIXZMHISTVSGIWWMRKJSVXLIWMKREPWIPIGXIHSREJVEQIQIQSV]WSYVGIFYW
YWIXLIJSPPS[MRKTVSGIHYVIMRXLI7XMPP"*VII^I7XSVIQIRY

-RXLI :MHIS4VSGIWW"KVSYTTVIWW?:MHIS4VSGIWWAXYVRMRKMXSR

9WIXLIORSFWXSEHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 :MHIS+EMR 3ZIVEPPKEMRSJXLIZMHISWMKREP zXS
 =+EMR =WMKREPKEMR zXS
 '+EMR 'LVSQMRERGIWMKREPKEMR zXS
 ,YI(IPE] ,YIHIPE] zXS
 &PEGO0IZIP =WMKREPFPEGOPIZIP zXS

8SVIXYVRXLIWIXXMRKWXSXLIHIJEYPXZEPYIWTVIWW?9RMX]AMRXLI :MHIS
4VSGIWW"KVSYT

2SXI
;LIRETEMVWIXXMRKMWEGXMZIMXMWGSYTPIHXSXLIZMHISTVSGIWWSRSJJ
WIXXMRKFYXXLIEFSZITEVEQIXIVWIXXMRKWEVISRP]ZEPMHJSVJVEQIQIQSV]
WSYVGIFYW8LITEMVWIXXMRKGERRSXFIYWIHXSWIXXLIJVEQIQIQSV]
WSYVGIFYW-J]SY[ERXXSWIXZMHISTVSGIWWJSVJVEQIQIQSV]WSYVGIFYW
SRP][MXLXLITEMVWIXXMRK[LIRSPHWIXXMRKWJSVJVEQIQIQSV]WSYVGIFYW
VIQEMRVIXYVRXLIJVEQIQIQSV]WSYVGIFYWWIXXMRKWXSXLIMVHIJEYPX
ZEPYIW;LIRWIXXMRKZMHISTVSGIWWJSVXLIJVEQIQIQSV]WSYVGIFYW
HMWEFPIXLITEMVWIXXMRK

7IXXMRKEQEWO
1EWOWGERFIWIXWITEVEXIP]JSVJVEQIQIQSV]WSYVGIFYWIWERH8SETTP]
EQEWOXSXLIWMKREPWIPIGXIHSRJVEQIQIQSV]WSYVGIFYWJSVI\EQTPIYWI
XLIJSPPS[MRKTVSGIHYVIMRXLI7XMPP"*VII^I7XSVIQIRY

4VIWW?&S\1EWOAXYVRMRKMXSR

9WIXLIORSFWXSEHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 8ST 8STTSWMXMSR zXS
 0IJX 0IJXTSWMXMSR zXS
 6MKLX 6MKLXTSWMXMSR zXS
 &SXXSQ &SXXSQTSWMXMSR zXS

 7XMPP-QEKI3TIVEXMSRW
8SPMROXLIQEWOWSRJVEQIQIQSV]WSYVGIFYWIWERHTVIWW?1EWO
0MROAXYVRMRKMXSR

6IGEPPMRK7XMPP-QEKIW
=SYGERVIGEPPERMQEKIJMPIWEZIHMRQIQSV]ERHEPPSGEXIXSER]SJXLI*1
XS*1SYXTYXW

6IGEPPMRKEWXMPPMQEKI
8SVIGEPPEWXMPPMQEKIJMPIWEZIHMRQIQSV]YWMRKXLIXLYQFREMPWERHEWWMKRMX
XSER*1SYXTYXYWIXLIJSPPS[MRKTVSGIHYVI

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u7XMPPvERH,*u6IGEPPv
8LI6IGEPPQIRYETTIEVW
e ;LIR?4EMVAMWSRSRP]TEMVJMPIW TEMVWSJQEMRJMPIERHWYFJMPI EVI
HMWTPE]IH

7YFJMPI

1EMRJMPI

e ;LIR?4EMVAMWSJJFSXLWMRKPIJMPIWERHTEMVJMPIWETTIEV

7XMPP-QEKI3TIVEXMSRW 
7MRKPIJMPI

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXXLI*1XSFIEWWMKRIH 7II
TEKI

-J?(MVIGX6IGEPPAMWSRTVIWWERHXYVRMXSJJ

7IPIGXXLIHIWMVIHJSPHIVMRXLIJSPHIVWIPIGXMSREVIE
&]TVIWWMRK?1SVIAXSW[MXGLXLIHMWTPE]]SYGERWIPIGXJVSQEQE\MQYQ
SJJSPHIVW
8LYQFREMPWSJXLIJMPIW[MXLMRXLIWIPIGXIHJSPHIVETTIEV

9WMRKXLIEVVS[OI]WSVXYVRMRKXLIORSFWGVSPPXLIJMPIXLYQFREMPHMWTPE]
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 7GVSPP 8LYQFREMPHMWTPE] ERHYT[EVHW
WGVSPPMRK

4VIWWXLIXLYQFREMPSJXLIGPMT]SY[ERXXSVIGEPP

4VIWW?6IGEPPA
8LMWVIGEPPWXLIWXMPPMQEKIJMPI[LMGLMWEWWMKRIHXSXLI*1]SYWIPIGXIH
MRWXIT

8SVIGEPPMRHMVIGXVIGEPPQSHI
(MVIGXVIGEPPQIERWXLEXTVIWWMRKEXLYQFREMPMQQIHMEXIP]VIGEPPWXLIJMPI
-RXLMWQSHISRP]XLIJVSRXXLYQFREMPJMPIMWVIGEPPIH

-RWXITEFSZIMRWXIEHSJTVIWWMRK?6IGEPPATVIWW?(MVIGX6IGEPPA

4VIWWXLIXLYQFREMPJSVXLIJMPI]SY[ERXXSVIGEPP
8LMWMQQIHMEXIP]VIGEPPWXLIJMPI

 7XMPP-QEKI3TIVEXMSRW
8SHMWTPE]XLIWYFWMHMEV]JMPIMRJVSRX
;MXLXLIHMVIGXVIGEPPQSHISRTVIWW?7YF(MWTPE]AXYVRMRKMXSR

-QEKI4VSGIWWMRK
=SYGERGSQFMRIXLIFEGOKVSYRHMQEKI EWXMPPMQEKIJMPIEPPSGEXIHXSER]SJ
*1XS*1EJVII^IMQEKI[VMXXIRXSXIQTSVEV]QIQSV]SVEFPEGOWMKREP 
ERHXLIMRTYXWMKREP
8LIJSPPS[MRKX]TIWSJTVSGIWWMRKEVIEZEMPEFPI
4EXXIVROI]9WMRKXLIWMKREPJVSQEHIHMGEXIHTEXXIVRKIRIVEXSV]SYGERGYX
SYXXLIFEGOKVSYRHMQEKIERHMRWIVXXLIWMKREPWIPIGXIHSRXLIJVEQI
QIQSV]WSYVGIFYWSVEGSPSVQEXXIWMKREP=SYGEREHNYWXXLIWM^IERH
TSWMXMSRSJXLITEXXIVRERHEHHQSHMJMIVW
)\XIVREPOI];LIRTVSGIWWMRKERMQEKIMR*1  ]SYGERYWIXLI
WMKREPWIPIGXIHSRXLIJVEQIQIQSV]WSYVGIFYWXSGYXSYXXLI
FEGOKVSYRHMQEKIERHJMPP[MXLXLIWMKREPWIPIGXIHSRXLIJVEQIQIQSV]
WSYVGIFYWSVEGSPSVQEXXIWMKREP
;LIRTVSGIWWMRKERMQEKIMR*1  ]SYGERYWIXLIWMKREPWIPIGXIH
SRXLIJVEQIQIQSV]WSYVGIFYWXSGYXSYXXLIFEGOKVSYRHMQEKIERH
JMPP[MXLEGSPSVQEXXIWMKREP EP[E]W[LMXI 

2SXI
%RI\XIVREPOI]GERSRP]FIYWIH[LIRXLITEMVQSHIMWIREFPIH WIITEKI
 

1-<1M\XLIFEGOKVSYRHMQEKI[MXLXLIWMKREPWIPIGXIHSRXLIJVEQIQIQSV]
WSYVGIFYWSVGSPSVQEXXIWMKREP8LIQM\VEXMSGERFIWIX
2%12SREHHMXMZIQM\XLIFEGOKVSYRHMQEKI[MXLXLIWMKREPWIPIGXIHSRXLI
JVEQIQIQSV]WSYVGIFYWSVGSPSVQEXXIWMKREP

'SQFMRMRKXLIFEGOKVSYRHMQEKIERHMRTYXWMKREP
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u7XMPPvERH,*u'SQTSWMXIv
8LI'SQTSWMXIQIRYETTIEVW

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXXLI*1XSFIEWWMKRIH 7II
TEKI

8SWIPIGX:/QSHITVIWW?:/1SHIAXYVRMRKMXSR

7XMPP-QEKI3TIVEXMSRW 
4VIWWEFYXXSRMRXLIJVEQIQIQSV]JSPHIVWIPIGXMSREVIEXSWIPIGXXLI
JSPHIVXSLSPHXLIJVII^IMQEKI
*SVHIXEMPWSJXLIWIPIGXMSRQIXLSHWIITEKI

2SXI
8LIJSPHIVWIPIGXIHLIVIMWXLIHIWXMREXMSRJSPHIVJSV[VMXMRKXLIJVII^I
MQEKI
-XMWRSXTSWWMFPIXSGLERKIXLIWIPIGXMSRSJXLMWJSPHIVEJXIVXLIJSPPS[MRK
WXIT
%RSVERKIFEVETTIEVWSRXLIWIPIGXMSRFYXXSRJSVXLIHIWXMREXMSRJSPHIV

4VIWW?)HMX)REFPIAXYVRMRKMXSR
8LIWMKREPWSJJVEQIQIQSV]WSYVGIFYWIWERHEVIEWWMKRIHXSXLITEMV
SJ*1WWIPIGXIHMRWXITERHXLIGSQFMRMRKSJXLIFEGOKVSYRHWMKREP XLI
WMKREPTVSZMHMRKXLIFEGOKVSYRHJSVGSQFMREXMSR ERHXLIMRTYXWMKREP XLI
WMKREPTVSZMHMRKXLIJSVIKVSYRHJSVGSQFMREXMSR MWRS[TSWWMFPI

2SXI
8LIMRTYXWMKREPMWPS[IVIHF]SRIPMRIFYX[LIR]SYETTP]EJVII^IXLI
JVII^IMQEKIMWVIXYVRIHXSXLIGSVVIGXTSWMXMSR

8SYWIEGSPSVQEXXIWMKREPJSVXLIMRTYXWMKREPTVIWW?*VKH'SPSVAXYVRMRK
MXSR
)ZIR[LIRTEMVQSHIMWIREFPIH]SYGERQEOIWITEVEXIWIXXMRKWJSVIEGL
*1

8YVRXLIORSFWXSEHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI XS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI ,YI XS

-J]SYXYVRIH?*VKH'SPSVASJJMRWXITMJVIUYMVIHTVIWW?-RTYX%HNYWXAXS
HMWTPE]XLI-RTYX%HNYWXQIRYERHQEOIXLIZMHISTVSGIWW WIITEKI
ERHQEWO WII TEKI WIXXMRKWJSVXLIMRTYXWMKREP

8SWIXXLIFEGOKVSYRHWMKREPXSFPEGOTVIWW?&OKH&PEGOAXYVRMRKMXSR

2SXIW
e ;LIRXLIFEGOKVSYRHWMKREPMWSVMKMREPP]FPEGO?&OKH&PEGOAVIQEMRW
SR

 7XMPP-QEKI3TIVEXMSRW
e ;LIRXLIFEGOKVSYRHWMKREPMWEJVII^IMQEKI ERMQEKIJVS^IRFYXRSX
WEZIH XYVRMRK?&OKH&PEGOASRIVEWIWXLIYRWEZIHJVII^IMQEKIERHEW
EVIWYPX?&OKH&PEGOAVIQEMRWSR

-RXLI 8]TI"KVSYTWIXXLIX]TISJGSQFMREXMSR WII TEKI 

-RXLIWXEXIMR[LMGL]SY[ERXXSJVII^ITVIWWSRISJXLIJSPPS[MRKMRXLI
*VII^I"KVSYTXS[VMXIXLIJVII^IMQEKIXSXIQTSVEV]QIQSV]
*VEQI*VII^ISRIJVEQI
*MIPH*VII^ISRIJMIPH
3JJ6IPIEWIXLIJVII^IERHHIPIXIXLIVIGSVHIHJVII^IMQEKI

%JXIVGEVV]MRKSYXXLIJVII^IXSVIXYVRXSXLIWXEXIMQQIHMEXIP]FIJSVIXLI
JVII^ITVIWW?9RHSAMRXLI *VII^I"KVSYT

2SXIW
e %PPJVII^IMQEKIW[VMXXIRXSXIQTSVEV]QIQSV]EVIPSWX[LIRXLIW]WXIQ
MWTS[IVIHSJJ
e -J]SYGLERKIXLIJVEQIQIQSV]XSYWIEWMRWXITFIJSVIWEZMRKXLI
JVII^IMQEKIW[VMXXIRXSXIQTSVEV]QIQSV]EPPXLIJVII^IMQEKIWMR
XIQTSVEV]QIQSV]EVIPSWXYRPIWWXLIEYXSWXSVIJYRGXMSRLEWFIIR
IREFPIHMRWIXYT;MXLXLIEYXSWXSVIJYRGXMSRIREFPIHXLIJVII^IMQEKIW
[VMXXIRXSXIQTSVEV]QIQSV]EVIWEZIHEYXSQEXMGEPP][LIRXLIJVEQI
QIQSV]WIPIGXMSRMWGLERKIH
e *SVXLIJSPPS[MRKWMKREPJSVQEXWEJMIPHJVII^IMWRSXTSWWMFPI
44

7EZMRKETVSGIWWIHJVII^IMQEKI
8SWEZIETVSGIWWIHJVII^IMQEKIEWEJMPIMRXLI7XMPP"'SQTSWMXIQIRYYWI
XLIJSPPS[MRKTVSGIHYVI

4VIWW?7XSVIA
8LIOI]FSEVH[MRHS[ETTIEVW

-RXLIOI]FSEVH[MRHS[IRXIVXLIJMPIREQI QE\MQYQIMKLXGLEVEGXIVW 

-RXLIOI]FSEVH[MRHS[TVIWW?)RXIVA
8LMWWEZIWXLIJVII^IMQEKIEWEWXMPPMQEKIJMPIMRQIQSV]
8LIHIWXMREXMSRJSPHIVMWXLIJSPHIVWIPIGXIHMRWXITSJw'SQFMRMRKXLI
FEGOKVSYRHMQEKIERHMRTYXWMKREPx TEKI 
-JXLIIRXIVIHJSPHIVREQIEPVIEH]I\MWXWEQIWWEKIXSGSRJMVQSZIV[VMXMRK
ETTIEVW

7XMPP-QEKI3TIVEXMSRW 
7IPIGXMRKXLI[E]MR[LMGLMQEKIWEVIGSQFMRIH
8SWIPIGXXLI[E]MR[LMGLXLIFEGOKVSYRHMQEKIERHMRTYXWMKREPEVI
GSQFMRIH WIITEKI YWIXLIJSPPS[MRKTVSGIHYVI

-RXLI 8]TI"KVSYTSJXLI7XMPP"'SQTSWMXIQIRYWIPIGXSRISJXLI
JSPPS[MRKQIXLSHWSJGSQFMREXMSR
e 4EXXIVR/I]TEXXIVROI]
e )\X/I]I\XIVREPOI]
8LMWGERSRP]FIWIPIGXIH[LIRXLITEMVQSHIMWIREFPIH8LIWMKREP
WIPIGXIHSRXLIJVEQIQIQSV]WSYVGIFYWMWYWIHEWXLIOI]WMKREP
e 1M\QM\
e 2EQRSREHHMXMZIQM\
-JRSRISJXLIEFSZIMWWIPIGXIHMQEKIGSQFMREXMSRMWRSXGEVVMIHSYX

(ITIRHMRKSRXLIWIPIGXMSRMRWXITWIXXLIJSPPS[MRKTEVEQIXIVW
e ;LIR?4EXXIVR/I]AMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 7M^I 7M^ISJTEXXIVR XS
 7SJX )HKIWSJXRIWWSJTEXXIVR XS
 4EXXIVR 4EXXIVRRYQFIV XSE

E 8LITEXXIVRWEVIXLIWEQIEWJSVE[MTI7IIw;MTI4EXXIVR0MWXxMR%TTIRHM\ :SPYQI
TEKI 

e ;LIR?)\X/I]AMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 'PMT 6IJIVIRGIPIZIPJSVOI] XSz
WMKREPKIRIVEXMSR
 +EMR /I]WIRWMXMZMX] zXS

e ;LIR?1M\AMWWIPIGXIH
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 1M\6EXI 1M\TVSTSVXMSR XS

;LIR]SYWIPIGXIHETEXXIVROI]TVIWW?4EXXIVR%HNYWXA
8LI4EXXIVR%HNYWXQIRYETTIEVW-RXLIQIRYWIXXLITEXXIVRQSHMJMIVWEW
VIUYMVIH

 7XMPP-QEKI3TIVEXMSRW
e ;LIRXYVRMRK?4SWMXMSRASRERHWIXXMRKXLITEXXIVRTSWMXMSR
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 4SWMXMSR, ,SVM^SRXEPTSWMXMSR zXSE
 4SWMXMSR: :IVXMGEPTSWMXMSR zXSE

E 7IITEKI

e ;LIRXYVRMRK?1YPXMASRERHVITPMGEXMRKXLITEXXIVR
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 ,1YPXM 2YQFIVSJVITIXMXMSRWSJ XS
TEXXIVRLSVM^SRXEPP]
 :1YPXM 2YQFIVSJVITIXMXMSRWSJ XS
TEXXIVRZIVXMGEPP]
 -RZIVX8]TI 6ITPMGEXMSRPE]SYX XSE

E 7IITEKI

e ;LIRXYVRMRK?%WTIGXASRERHWIXXMRKXLIEWTIGXVEXMSSJXLITEXXIVR
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 %WTIGX %WTIGXVEXMS zXSE

E 7IITEKI

e ;LIRXYVRMRK?6SXEXMSR%RKPIASRERHMRGPMRMRKXLITEXXIVR
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 %RKPI %RKPISJTEXXIVRVSXEXMSR zXSE

E 7IITEKI

8SWIPIGXXLITEXXIVRHMWTPE]XLI4EXXIVR7IPIGXQIRYF]TVIWWMRK?4EXXIVR
7IPIGXAMRXLI4EXXIVR%HNYWXQIRY=SYGERGLERKIXLITEXXIVRWIPIGXIHMR
WXITLIVI%JXIVWIPIGXMRKSRISJXLITEXXIVRW [MTITEXXIVRWXS 
HMWTPE]IHMRXLI4EXXIVR7IPIGXQIRY]SYGEREHNYWXXLIJSPPS[MRK
TEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7M^I 4EXXIVRWM^I XS
 7SJX )HKIWSJXRIWW XS

;LIR]SYWIPIGXIHETEXXIVROI]SVI\XIVREPOI]MJVIUYMVIHTVIWW?/I]
-RZIVXAMRXLI7XMPP"'SQTSWMXIQIRYXSMRZIVXXLIOI]

7XMPP-QEKI3TIVEXMSRW 
-QEKI3YXTYX
8LIVIEVIX[SJYRGXMSRWVIPEXIHXSMQEKISYXTYXXLIVITSWMXMSRJYRGXMSRJSV
QSZMRKXLISYXTYXMQEKIERHXLIPSGOJYRGXMSRJSVJM\MRKXLISYXTYXMQEKI

1SZMRKXLISYXTYXMQEKI VITSWMXMSRJYRGXMSR
*SVYTXSX[SGLERRIPWSJ*1XS*1 SRIJVSQ*1*1*1ERH*1
ERHXLISXLIVJVSQ*1*1*1ERH*1 ]SYGERQSZIXLISYXTYXMQEKI
[MXLVIWTIGXXSXLIWGVIIR8LIEVIESJXLIWGVIIREVSYRHXLIMQEKIXLEXLEW
FIIRQSZIHMWJMPPIH[MXLFPEGO8LIVIEVIX[S[E]WSJGEVV]MRKSYXXLMW
VITSWMXMSRMRK
2SVQEPQSHI1SZIQIRXMRXLILSVM^SRXEPHMVIGXMSRMWMRX[STM\IP
MRGVIQIRXW
&PEGOERH[LMXIQSHI1SZIQIRXMRXLILSVM^SRXEPHMVIGXMSRMWMRSRITM\IP
MRGVIQIRXWERHJSVIEGLTM\IPQSZIHXLIGSPSVMWMRZIVXIH

2SXI
-XMWRSXTSWWMFPIXSWEZIERMQEKIQSZIH[MXLXLIVITSWMXMSRJYRGXMSRHMVIGXP]
XSJVEQIQIQSV]

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u6ITSWMXMSR0SGOvERH,*
u6ITSWMXMSRv
8LI6ITSWMXMSRQIRYETTIEVW-RXLMWQIRY]SYGEREPWSIREFPIXLI:/
QSHI WIITEKI 

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXXLI*1SYXTYX WIITEKI 

-RXLI 6ITSWMXMSR"KVSYTWIPIGXXLIQSZIQIRXQSHI
2SVQEP1SZIMRRSVQEPQSHI
&PEGO
;LMXI1SZIMRFPEGO
[LMXIQSHI

;MXLXLIORSFWEHNYWXXLITEVEQIXIVWXSQSZIXLIMQEKI

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 4SWMXMSR, 1SZIMRLSVM^SRXEPHMVIGXMSR zXSE

 4SWMXMSR: 1SZIMRZIVXMGEPHMVIGXMSR zXSE

E 7IITEKI

8LIWYVVSYRHMRKWSJXLIQSZIHMQEKISRXLIWGVIIREVIJMPPIH[MXLFPEGO

 7XMPP-QEKI3TIVEXMSRW
8SVIXYVRXLIMQEKIQSZIHF]XLIVITSWMXMSRJYRGXMSRXSXLIGIRXIV
TSWMXMSRMRXLI 6ITSWMXMSR"KVSYTTVIWW?'IRXIVA

*M\MRKXLISYXTYXMQEKIWIPIGXMSR PSGOJYRGXMSR
*SVXLISYXTYXSJIEGLSJ*1XS*1XLMWJM\IWXLIMQEKIEXXLIGYVVIRX
SYXTYX;LIRXLMWPSGOMWIREFPIHIZIRMJXLISYXTYXMWVIGEPPIHMREWRETWLSX
SVOI]JVEQIXLIMQEKIWSYXTYXXS*1XS*1EVITVIWIVZIH

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u6ITSWMXMSR0SGOvERH,*
u0SGOv
8LI0SGOQIRYETTIEVW

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXXLI*1SYXTYX 7IITEKI

4VIWW?0SGOAXYVRMRKMXSR
8LMWJM\IWXLIGYVVIRXP]WIPIGXIHJVEQIQIQSV]SYXTYXMQEKI
8SVIPIEWIXLIPSGOWIX?0SGOAXSSJJ

'SRXMRYSYWP]'ETXYVMRK7XMPP-QEKIW 6IGSVH
=SYGERGSRXMRYSYWP]GETXYVI JVII^I EWIUYIRGISJMRTYXZMHISJVEQIWERH
WXSVIXLIWIUYIRGISJXLIWXMPPMQEKIWSZIVEWTIGMJMIHXMQIMRXIVZEP
8LIREQISJIEGLMQEKIVIGSVHIHMRXLMW[E]GSRWMWXWSJEJMVWXGLEVEGXIVWXVMRK
JSPPS[IHF]EWIGSRHWXVMRK
*MVWXGLEVEGXIVWXVMRK%GSQQSRTEVXSJREQIEWWMKRIHXSEPPXLIWXMPPMQEKIW
GETXYVIHMRSRIVIGSVHSTIVEXMSR8LMWWXVMRKMRGPYHIWEQE\MQYQSJJSYV
GLEVEGXIVW[LMGLGERFIWTIGMJMIHYWMRKEQIRYFIJSVIGEVV]MRKSYXXLI
GETXYVI8LIJMVWXWXVMRKMWEYXSQEXMGEPP]YWIHEWXLIGPMTREQI[LIRXLI
MQEKIWEVIXVIEXIHEWEJVEQIQIQSV]GPMT
7IGSRHGLEVEGXIVWXVMRK%JSYVHMKMXRYQFIV SVKVIEXIV [LMGLMW
MRGVIQIRXIHIEGLXMQIEWXMPPMQEKIMWGETXYVIH

2SXI
;LIRYWMRKXLIVIGSVHJYRGXMSRXSGSRXMRYSYWP]GETXYVIJVEQIWMXMWRSX
TSWWMFPIXSYWIXLIQEWOJYRGXMSR

'SRXMRYSYWP]JVII^MRKMRTYXMQEKIWERH[VMXMRKXSQIQSV]
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u7XMPPvERH,*u%RMQEXMSR
6IGSVHv

7XMPP-QEKI3TIVEXMSRW 
8LI%RMQEXMSR6IGSVHQIRYETTIEVW

7IPIGXXLIHIWMVIHJVEQIQIQSV]
*SVHIXEMPWSJXLISTIVEXMRKTVSGIHYVIWWIIw7IPIGXMRKSYXTYXW *1 ERH
XEVKIXJVEQIQIQSV]x TEKI 

8SYWI:/QSHITVIWW?:/1SHIAXYVRMRKMXSR

4VIWWEFYXXSRMRXLIJVEQIQIQSV]JSPHIVWIPIGXMSREVIEXSWIPIGXXLI
JSPHIVXSLSPHXLIJVII^IMQEKI
*SVHIXEMPWSJXLIWIPIGXMSRQIXLSHWIITEKI

2SXI
8LIJSPHIVWIPIGXIHLIVIMWXLIHIWXMREXMSRJSPHIVJSV[VMXMRKXLIJVII^I
MQEKI
-XMWRSXTSWWMFPIXSGLERKIXLIWIPIGXMSRSJXLMWJSPHIVEJXIVXLIJSPPS[MRK
WXIT
%RSVERKIFEVETTIEVWSRXLIWIPIGXMSRFYXXSRJSVXLIHIWXMREXMSRJSPHIV

4VIWW?6IGSVH)REFPIAXYVRMRKMXSR
8LIWMKREPWSJJVEQIQIQSV]WSYVGIFYWIWERHEVIEWWMKRIHXSXLITEMV
SJ*1WWIPIGXIHMRWXITXLIVIGSVHMRKJYRGXMSRMWRS[TSWWMFPI

-RTYXXLIJMPIREQIMJVIUYMVIH
4VIWWMRK?*MPI2EQIAHMWTPE]WXLIOI]FSEVH[MRHS[ERH]SYGERIRXIVXLI
JMVWXGLEVEGXIVWXVMRK YTXSJSYVGLEVEGXIVW SJXLIJMPIREQI

7IXXLIVIGSVHMRKXMQIMJVIUYMVIH
4VIWWMRK?(YVEXMSRAHMWTPE]WXLIRYQIVMGOI]TEH[MRHS[MR[LMGL]SY
GERIRXIVXLIVIGSVHMRKXMQIMRXLIJSVQSJXMQIGSHI
-J]SYWIXXLIVIGSVHMRKXMQIXS^IVSXLMWYWIWEPPJVEQIQIQSV]MR[LMGL
WXSVMRKMWTSWWMFPIJSVVIGSVHMRK

-JVIUYMVIHWIXZMHISTVSGIWWMRKJSVXLIWIPIGXIHWMKREP
*SVHIXEMPWSJXLISTIVEXMRKTVSGIHYVIWWIIw7IXXMRKZMHISTVSGIWWMRKx
TEKI 

4VIWW?6IGSVHAXSWXEVXVIGSVHMRK
;LIRXLIVIGSVHMRKXMQIMWWIXVIGSVHMRKWXSTWSRGIXLIXMQILEWIPETWIH

4VIWW?7XSTAXSWXSTVIGSVHMRK

 7XMPP-QEKI3TIVEXMSRW
)ZIRMJXLIVIGSVHMRKXMQIMWWIX]SYGERWXMPPWXSTVIGSVHMRKFIJSVIXLIWIX
XMQILEWIPETWIH

6IGEPPMRKE'SRXMRYSYW7IUYIRGISJ7XMPP-QEKIW
%RMQEXMSR
=SYGERYWIEGSRXMRYSYWWIUYIRGISJMQEKIWGETXYVIH[MXLXLIVIGSVHJYRGXMSR
EWOI]JVEQIWXSGVIEXIERIJJIGX&]I\IGYXMRKXLMWIJJIGX]SYGERVIGEPPXLI
GSRXMRYSYWWIUYIRGI ERMQEXMSR 

2SXIW
e *SVI\EQTPIXSGVIEXIERIJJIGXYWMRK*1*1QYWXFIEWWMKRIHXSEYWIV
VIKMSR
e 8SI\IGYXIXLIIJJIGX]SYQYWXEWWMKRXLIYWIVVIKMSRXS[LMGL*1MW
EWWMKRIHXSEVIKMSRWIPIGXMSRFYXXSRMRXLIRYQIVMGOI]TEHGSRXVSPFPSGO
*SVHIXEMPWSJEWWMKRMRKXSVIKMSRWIPIGXMSRFYXXSRWWII'LETXIV
w'SRXVSP4ERIP7IXYT 4ERIP x :SPYQI 

-RXLI*VEQI1IQSV]QIRYIJJIGXGVIEXMSRJSPPS[WXLIMQEKIJMPIREQIW3J
XLIIMKLXGLEVEGXIVWMRXLIJMPIREQIWMJJMPIWLEZIXLIWEQIGLEVEGXIVWI\GITX
JSVXLIPEWXXLVIIGLEVEGXIVWXLI]EVIXVIEXIHEWERMQEKIJMPIKVSYTERHXLI
IJJIGXMWGVIEXIH[MXLXLIPEWXXLVII RYQIVMG GLEVEGXIVWMRWIUYIRGI

2SXI
;LIRGVIEXMRKXLIIJJIGXMRTEMVQSHI WIITEKI XLIJMPIWYWIHQYWXFI
QEMRJMPIWERHWYFJMPIW[MXLXLIWEQIPEWXXLVII RYQIVMG GLEVEGXIVWMRXLIJMPI
REQI

8SVIGEPPEGSRXMRYSYWWIUYIRGISJWXMPPMQEKIWGVIEXIERIJJIGXMRXLIYWIV
VIKMSR[MXLXLIWXMPPMQEKIJMPIWEWEOI]JVEQIERHVYRXLIGVIEXIHIJJIGX

2SXI
;MXLXLI4JSVQEX]SYGERGSRXMRYSYWP]VIGEPPMQEKIWYWMRKXLIJVEQI
QIQSV]MRYRMXWSJX[SJVEQIWSRP]

'VIEXMRKERIJJIGX[MXLWXMPPMQEKIJMPIWEWEOI]JVEQI
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u7XMPPvERH,*u'VIEXI/I]
*VEQIv
8LI'VIEXI/I]*VEQIQIRYETTIEVW

7XMPP-QEKI3TIVEXMSRW 
e %XLYQFREMPETTIEVWJSVIEGLKVSYTSJJMPIWLEZMRKXLIWEQIGLEVEGXIVW
I\GITXJSVXLIPEWXXLVIIGLEVEGXIVWMRXLIJMPIREQI
e ;LIR?4EMVAMWSRSRP]TEMVJMPIW IEGLTEMVGSQTVMWMRKEQEMRJMPIERH
EWYFJMPI ETTIEV
e ;LIR?4EMVAMWSJJFSXLWMRKPIJMPIWERHTEMVJMPIWEPPETTIEV

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXXLIJVEQIQIQSV]XSFI
EWWMKRIH
8LMWGVIEXIWXLIIJJIGXMRXLIYWIVVIKMSRXS[LMGLXLIWIPIGXIHJVEQI
QIQSV]MWEWWMKRIH
*SVHIXEMPWSJXLISTIVEXMRKTVSGIHYVIWWIIw7IPIGXMRKSYXTYXW *1 ERH
XEVKIXJVEQIQIQSV]x TEKI 

7IPIGXXLIHIWMVIHJSPHIVMRXLIJSPHIVWIPIGXMSREVIE
&]TVIWWMRK?1SVIAXSW[MXGLXLIHMWTPE]]SYGERWIPIGXJVSQEQE\MQYQ
SJJSPHIVW
8LYQFREMPWSJXLIJMPIW[MXLMRXLIWIPIGXIHJSPHIVETTIEV

8YVRXLIORSFXSWIPIGXXLIVIKMWXIVRYQFIVMRXLIYWIVVIKMSR

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 6IKMWXIV )JJIGXVIKMWXIVRYQFIV XS

2SXI
8SWIEVGLJSVERIQTX]VIKMWXIVMRXLIYWIVVIKMSRYWIXLIRYQIVMGOI]TEH
GSRXVSPFPSGO WIIWXITSJw6IGEPPMRKE6IKMWXIVxMR'LETXIV
:SPYQI  

9WIXLIEVVS[OI]WSVXYVRXLIORSFWXSWGVSPPXLIXLYQFREMPHMWTPE]SJXLI
JMPIW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 7GVSPP 8LYQFREMPHMWTPE] ERHYT[EVHW
WGVSPPMRK

7IPIGXXLIXLYQFREMPSJXLIJMPIWXSFIYWIHJSVXLIOI]JVEQI

-JRIGIWWEV]XYVRXLIORSFXSGLIGOXLIERMQEXMSRIJJIGXMRXLIXLYQFREMP
HMWTPE]

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 :MI[IV %RMQEXIXLYQFREMPHMWTPE] ERHYT[EVHW
SJJMPIW

 7XMPP-QEKI3TIVEXMSRW
9WMRKXLIVIKMSRWIPIGXMSRFYXXSRWMRXLIRYQIVMGOI]TEHGSRXVSPFPSGO
WIPIGXSRISJXLIVIKMSRW 9WIVXS9WIV XS[LMGLXLIJVEQIQIQSV]
SYXTYXWMKREPWLEZIFIIREWWMKRIH

'EVV]SYXIMXLIVSJXLIJSPPS[MRK
e 8SGPIEVXLIIJJIGXVIKMWXIVWIPIGXIHMRWXITERHGVIEXIERI[IJJIGX
TVIWW?'VIEXI/I]*VEQIA
e 8SEHHXSXLIIRHSJXLIIJJIGXVIKMWXIVWIPIGXIHMRWXITTVIWW?%TTIRH
/I]*VEQIA
%GSRJMVQEXMSRQIWWEKIJSVGVIEXMRKXLIIJJIGXETTIEVW
-JXLIVIMWERMRETTVSTVMEXIGSRHMXMSRJSVGVIEXMRKXLIIJJIGXERIVVSV
QIWWEKIETTIEVW
*SVHIXEMPWSJIVVSVQIWWEKIWWIIw)VVSV1IWWEKIWxMRXLI%TTIRHM\
:SPYQI 

4VIWW?3/A
8LMWGVIEXIWXLIIJJIGXMRXLIWIPIGXIHYWIVVIKMSRVIKMWXIV

8SGERGIPGVIEXMRKXLIIJJIGX
4VIWW?'ERGIPA

2SXIW
e 8LIIJJIGXMWFYMPX[MXLXLIWIPIGXIHJMPIWMRMRGVIEWMRKSVHIVSJXLIPEWXXLVII
GLEVEGXIVWSJXLIJMPIREQI-J]SYHSRSX[ERXXSMRGPYHIWSQISJXLIWIJMPIW
MRXLIIJJIGXJMVWXHIPIXISVVIREQIXLIQ
e %QE\MQYQSJOI]JVEQIWGERFIMRGPYHIHMREWMRKPIIJJIGX

6IGEPPMRKEWIUYIRGISJWXMPPMQEKIW
6YRXLIIJJIGXGVIEXIHF]XLIJSVIKSMRKTVSGIHYVI
8LITVSGIHYVIJSVHSMRKXLMWMWXLIWEQIEWJSVER]SXLIVIJJIGX
*SVHIXEMPWWIIw)\IGYXMRK)JJIGXWxMR'LETXIV :SPYQI 

7XMPP-QEKI3TIVEXMSRW 
*VEQI1IQSV]'PMT*YRGXMSR

;LEXMWEwJVEQIQIQSV]GPMTx#
1SZMIWGERFIVIEHMRXSJVEQIQIQSV]ERHVIGEPPIHERHTPE]IHFEGO%QSZMI
LIPHMRJVEQIQIQSV]MWGEPPIHEwJVEQIQIQSV]GPMTx
%JVEQIQIQSV]GPMTGERFIREQIHYWMRKYTXSJSYVGLEVEGXIVW *SVHIXEMPWSJ
JVEQIQIQSV]GPMTREQIWWIIw'SRXMRYSYWP]'ETXYVMRK7XMPP-QEKIW
6IGSVH x TEKI 

%RGMPPEV]HEXE
-REJVEQIQIQSV]GPMTMREHHMXMSRXSXLIZMHISMQEKI]SYGEREPWSVIGSVHERH
TPE]FEGOERGMPPEV]HEXE[LMGLGERFIYWIHEWIQFIHHIHEYHMS
8SVIGSVHXLIERGMPPEV]HEXEMRXLI7IXYTQIRYXLIJVEQIQIQSV]WEZMRKQSHI
QYWXFIWIXXSwWEZI[MXLERGMPPEV]HEXEx WIIw7EZMRKE*VEQI1IQSV]'PMT
;MXL%RGMPPEV](EXExMR'LETXIV :SPYQI 

2SXIW
e ;MXLXLMWWIXXMRKXLIWEZMRKQSHIJSVWXMPPMQEKIWEPWSGLERKIWXSwWEZI[MXL
ERGMPPEV]HEXExFYX[LIRTPE]MRKFEGOEWXMPPMQEKIXLIERGMPPEV]HEXEMWRIZIV
TPE]IH
e ;LIR]SYGLERKIXLIWEZMRKQSHIXLIJVEQIQIQSV]MWMRMXMEPM^IHERHER]
I\MWXMRKVIGSVHIHJVEQIQIQSV]HEXEMWPSWX

2SXISRXVERWJIVVMRKERGMPPEV]HEXE
%RGMPPEV]HEXEMWVIGSVHIH[LIRXLIJVEQIQIQSV]WEZMRKQSHIMWWIXXSwWEZI
[MXLERGMPPEV]HEXExERHGERFIWEZIHXSERI\XIVREPWXSVEKIHIZMGIWYGLEWE
LEVHHMWOSVQIQSV]GEVHERHVIGEPPIH,S[IZIVXLIERGMPPEV]HEXEGERSRP]
FIWEZIHSVVIGEPPIH
e ;LIRXLIJVEQIQIQSV]WEZMRKQSHIMWWIXXSwWEZI[MXLERGMPPEV]HEXE
e ;LIRERGMPPEV]HEXEMWTVIWIRXMRXLIWEZIHSVVIGEPPIHJVEQIQIQSV]JMPI
e ;LIRXLIW]WXIQWMKREPJSVQEXMWXLIWEQIEWXLIWMKREPJSVQEXMRXLIJMPI

;LIRXLIJVEQIQIQSV]WEZMRKQSHIMWWIXXSwWEZI[MXLERGMPPEV]HEXExXLI
JSPPS[MRKERGMPPEV]HEXEWXEXYWMRJSVQEXMSRMWEHHIHXSEJVEQIQIQSV]GPMT
e (MWEFPI H 
-RXLMWWXEXIXLIERGMPPEV]HEXEMWRSXTPE]IH8LMWMWXLIWXEXYW[LIRXLI
?%RGMPPEV])REFPIAFYXXSRMRXLI*VEQI1IQSV]"'PMTQIRYMWWIXXS3JJ
e )REFPI H 
-RXLMWWXEXIERGMPPEV]HEXEMWTVIWIRXERHGERFITPE]IHFEGO8LMWMWXLI
WXEXYW[LIRXLI?%RGMPPEV])REFPIAFYXXSRMRXLI*VEQI1IQSV]"'PMTQIRY
MWWIXXS3R8LMWMWXLIWXEXYWEJXIVEGPMTVIGSVHMRKSTIVEXMSR

 *VEQI1IQSV]'PMT*YRGXMSR
8LMWWXEXYWMRJSVQEXMSRMWWEZIHMREJMPIERHMWJSPPS[IH[LIRXLIJMPIMW
VIGEPPIH

*VEQIQIQSV]GPMTWIXXMRKW
*SVJVEQIQIQSV]GPMTW]SYGERQEOIXLIJSPPS[MRKWIXXMRKWYWMRKEQIRYSV
HIZMGIGSRXVSPFPSGO XVEGOFEPPWIEVGLHMEPNS]WXMGO 
e 7XEVXTSMRX
e 7XSTTSMRX
e 0SST3R3JJ
8LIEFSZIWIXXMRKWGERFIWEZIHMREWRETWLSXVIKMWXIVEWWRETWLSXEXXVMFYXIW
ERHVIGEPPIH

*VEQI1IQSV]'PMT*YRGXMSR 
*VEQI1IQSV]'PMT3TIVEXMSRW

*SVERSZIVZMI[SJJVEQIQIQSV]GPMTGSRGITXWWIIw*VEQI1IQSV]'PMT
*YRGXMSRx TEKI 

2SXI
(YVMRKTPE]FEGOSJEJVEQIQIQSV]GPMTSJXLITEMVEWWMKRIHXSIMXLIVSJXLI
XEVKIX*1WIPIGXMSRFYXXSRW WIITEKI JVEQIQIQSV]STIVEXMSRWQE]RSX
FITIVJSVQIHTVSTIVP]'EVV]SYXJVEQIQIQSV]STIVEXMSRWEJXIVWXSTTMRKGPMT
TPE]FEGO

4VITEVEXMSRWJSV3TIVEXMSR
8LITVITEVEXMSRWJSVYWMRKEJVEQIQIQSV]GPMT LIVIEJXIVEwGPMTx EVIXLI
WEQIEWJSVEWXMPPMQEKISTIVEXMSR7IIw4VITEVEXMSRWx TEKI ERH
w7IPIGXMRK3YXTYXWERH8EVKIX*VEQI1IQSV]x TEKI 

6IGEPPMRK'PMTW

6IGEPPMRKEGPMT
=SYGERVIGEPPEGPMTJVSQIEGLSJJVEQIQIQSVMIWXS

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u'PMTvERH,*u6IGEPPv
8LI6IGEPPQIRYETTIEVW 7IIJSPPS[MRKJMKYVI
e ;LIR?4EMVAMWWIXXS3RSRP]TEMVJMPIW WIXWSJQEMRJMPIERHWYFJMPI 
EVIWLS[R
e ;LIR?4EMVAMWWIXXS3JJFSXLSJWMRKPIJMPIWERHTEMVJMPIWEVIWLS[R

 *VEQI1IQSV]'PMT3TIVEXMSRW
8EVKIXWIPIGXMSRFYXXSRW *VEQIQIQSV]JSPHIV
*VEQIQIQSV] WIPIGXMSREVIE
WIPIGXMSREVIE 4EMVWIPIGXMSRFYXXSRW

'PMTJMPIWIPIGXMSREVIE (MVIGX6IGEPPFYXXSR

-RXLIJVEQIQIQSV]WIPIGXMSREVIEWIPIGXEREWWMKRIHXEVKIX*1 7II
TEKI

-J?(MVIGX6IGEPPAMWSRTVIWWXLIFYXXSRXYVRMRKMXSJJ

-RXLIJSPHIVWIPIGXMSREVIEWIPIGXXLIHIWMVIHJSPHIV
&]TVIWWMRK?1SVIAXSW[MXGLXLIHMWTPE]W]SYGERWIPIGXJVSQEQE\MQYQ
SJJSPHIVW
8LYQFREMPWSJXLIJMPIW[MXLMRXLIWIPIGXIHJSPHIVETTIEV

9WMRKXLIEVVS[OI]WSVXYVRMRKXLIORSFWGVSPPXLIJMPIXLYQFREMPHMWTPE]
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 7GVSPP 8LYQFREMPHMWTPE] ERHYT[EVHW
WGVSPPMRK

4VIWWXLIXLYQFREMPSJXLIGPMT]SY[ERXXSVIGEPP

4VIWW?6IGEPPA

*VEQI1IQSV]'PMT3TIVEXMSRW 
8LMWVIGEPPWXLIGPMTJMPI[LMGLMWEWWMKRIHXSXLI*1]SYWIPIGXIHMRWXIT
-RTEMVQSHIMJEGPMTMWWIPIGXIHXLIQEMRJMPIMWSYXTYXXS*1ERHXLI
WYFJMPIXS*1-RWMRKPIQSHI[LIRSRP]SRISJ*1ERH*1MW
WIPIGXIHXLIJVSRXJMPISRXLIXLYQFREMPMWSYXTYX

8SVIGEPPMRHMVIGXVIGEPPQSHI
(MVIGXVIGEPPQIERWXLEXTVIWWMRKEXLYQFREMPMQQIHMEXIP]VIGEPPWXLIJMPI
-RXLMWQSHISRP]XLIJVSRXXLYQFREMPJMPIMWVIGEPPIH

-RWXITEFSZIMRWXIEHSJTVIWWMRK?6IGEPPATVIWW?(MVIGX6IGEPPA

4VIWWXLIXLYQFREMPJSVXLIJMPI]SY[ERXXSVIGEPP
8LMWMQQIHMEXIP]VIGEPPWXLIJMPI

8SHMWTPE]XLIWYFWMHMEV]JMPIMRJVSRX
;MXLXLIHMVIGXVIGEPPQSHISRTVIWW?7YF(MWTPE]AXYVRMRKMXSR

'PMT4PE]FEGO
=SYGERTPE]EVIGEPPIHGPMTF]EQIRYSTIVEXMSRSVF]YWMRKXLIHIZMGIGSRXVSP
FPSGO

2SXI
;MXLETEMVJMPIVIGEPPIHMXMWTSWWMFPIXSWIX?4EMVAXS3JJERHGEVV]SYXEWMRKPI
JMPISTIVEXMSRFYXMJ]SYXLIRWIX?4EMVAXS3REKEMRXLISYXTYXSJJVEQI
QIQSV]QE]FIFPEGO-RWYGLGEWIWMXMWRIGIWWEV]XSVIGEPPXLITEMVJMPISRGI
QSVI

4PE]MRKEGPMTYWMRKXLIQIRY
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u'PMTvERH,*u4PE]v
8LI4PE]QIRYETTIEVW8LIWXEXYWSJXLIGPMTWLS[RMRXLIGYVVIRXXEVKIX
*1WIPIGXMSRFYXXSRWETTIEVWLIVI

 *VEQI1IQSV]'PMT3TIVEXMSRW
7XEXYWFYXXSRW
'YVVIRXTSWMXMSR 8LIWIWLS[XLIXMQIGSHIZEPYIWJSV
VIHFEV XLIWXEVXTSMRXGYVVIRXTSWMXMSRERH
IRHTSMRX
4PE]FEGOWXEVXTSMRX
TEPIFPYIFEV
4PE]FEGOIRHTSMRX
]IPPS[FEV

;LIR?4EMVAMW3JJTVIWWEXEVKIX*1WIPIGXMSRFYXXSRXSWIPIGXXLIXEVKIX

8SWIXPSSTTPE]FEGOTVIWW?0SSTAXYVRMRKMXSR

8SWXEVXTPE]FEGOTVIWW?4PE]A(YVMRKTPE]FEGOXSWXSTTVIWW?7XSTA

8SGYIYT
4VIWW?'YIA

8STPE]XLIMQEKIEXXLIFIKMRRMRKSJXLIGPMT 'PMT&IKMR
4VIWW?6I[MRHA

8STPE]XLIMQEKIEXXLIIRHSJXLIGPMT 'PMT)RH
4VIWW?**A

*VEQI1IQSV]'PMT3TIVEXMSRW 
8SWTIGMJ]XLITPE]FEGOWXEVXTSMRX
8SWIXXLIGYVVIRXTSWMXMSREWXLITPE]FEGOWXEVXTSMRXMRXLI 7XEVX8'"KVSYT
TVIWW?7IXA8SWIXEHMJJIVIRXTSWMXMSRTVIWWXLI?7XEVXAWXEXYWFYXXSRERHIRXIV
EXMQIGSHIZEPYIJVSQXLIRYQIVMGOI]TEH[MRHS[

8SWTIGMJ]XLITPE]FEGOWXSTTSMRX
7XEVXTPE]FEGOERHEXXLIHIWMVIHTSWMXMSRTVIWWXLI?7834AFYXXSRXSWXST
TPE]FEGOXLIRMRXLI 7XST8'"KVSYTTVIWW?7IXA8SWIXXSER]TSWMXMSR
TVIWWXLI?7XSTAWXEXYWFYXXSRERHIRXIVEXMQIGSHIZEPYIJVSQXLIRYQIVMG
OI]TEH[MRHS[

8SGLERKIXLIGYVVIRXTSWMXMSR
8SGLERKIXLIGYVVIRXTSWMXMSRTVIWWXLI?'YVVIRXAWXEXYWFYXXSRERHIRXIVE
XMQIGSHIZEPYIJVSQXLIRYQIVMGOI]TEH[MRHS[

9WMRKXLIHIZMGIGSRXVSPFPSGO 1/7%7IEVGL(MEP1SHYPI
STXMSR XSTPE]FEGOGPMTW

2SXI
%JVEQIQIQSV]GPMTQYWXJMVWXFIVIGEPPIH[MXLEQIRYSTIVEXMSR

;MXLXLIHIZMGIWIPIGXMSRFYXXSRWWIPIGXXLIJVEQIQIQSV]GPMTXSFI
TPE]IH *1'0-4XS*1'0-4 
-JXLITEMVQSHIMWSRFSXLQEMRERHWYFWMHMEV]*1WPMKLX

4VIWWXLI?40%=AFYXXSRXYVRMRKMXSR
8SWXSTTPE]FEGOTVIWW?7834ASVER]SJXLI?7,80A?.3+A?'9)A
?6);A?**AERH?%007834AFYXXSRW
*SVHIXEMPWSJXLIFYXXSRWMRXLIHIZMGIGSRXVSPFPSGO 1/7%WIEVGL
HMEPQSHYPISTXMSR WIIw(IZMGI'SRXVSP&PSGO 1/7%7IEVGL(MEP
1SHYPI3TXMSR x TEKI MR'LETXIV

8SWTIGMJ]XLITPE]FEGOWXEVXTSMRX
8SQEOIXLIGYVVIRXTSWMXMSRXLITPE]FEGOWXEVXTSMRXTVIWWXLI?78%688'A
FYXXSR8SWIXEHMJJIVIRXTSWMXMSRTVIWWXLI?7)878%688'AFYXXSRXLIR
IRXIVXLIXMQIGSHIJVSQXLIRYQIVMGOI]TEHGSRXVSPFPSGO

8SWTIGMJ]XLIHYVEXMSR
4VIWWXLI?7)8(96AFYXXSRERHIRXIVEXMQIGSHIJVSQXLIRYQIVMGOI]TEH
GSRXVSPFPSGO-JXLITPE]FEGOWXEVXTSMRXMWEPVIEH]WIXXLMWEYXSQEXMGEPP]WIXW
XLITPE]FEGOWXSTTSMRX-JXLITPE]FEGOWXSTTSMRXMWEPVIEH]WIXXLMW
EYXSQEXMGEPP]WIXWXLITPE]FEGOWXEVXTSMRX 8LIHYVEXMSRWIXXMRKMWRSX
HMWTPE]IHMRXLIHIZMGIGSRXVSPFPSGO

 *VEQI1IQSV]'PMT3TIVEXMSRW
8SWTIGMJ]XLITPE]FEGOWXSTTSMRX
7XEVXTPE]FEGOERHEXXLIHIWMVIHTSWMXMSRTVIWWXLI?7834AFYXXSRXSWXST
TPE]FEGOXLIRTVIWWXLI?78348'AFYXXSR8SWIXXSER]TSWMXMSRTVIWWXLI
?7)878348'AFYXXSRERHIRXIVEXMQIGSHIJVSQXLIRYQIVMGOI]TEHGSRXVSP
FPSGO

8SGEVV]SYXXLIZEVMEFPIWTIIHTPE]FEGO
9WIXLIWIEVGLHMEP
*SVHIXEMPWSRYWMRKXLIWIEVGLHMEPWIIw'SRXVSPPMRKXLI8ETI(MWO
8VERWTSVXxMR'LETXIV :SPYQI 

8SETTP]EPSSTXSEJVEQIQIQSV]GPMT
4VIWWXLI?0334AFYXXSR

9WMRKXLIHIZMGIGSRXVSPFPSGO 1/78&XVEGOFEPPQSHYPI
STXMSR XSTPE]FEGOGPMTW

2SXI
%JVEQIQIQSV]GPMTQYWXJMVWXFIVIGEPPIH[MXLEQIRYSTIVEXMSR

4VIWWXLI?():AFYXXSRMRXLIVIKMSRWIPIGXMSRFYXXSRWERHWIPIGXXLIJVEQI
QIQSV]GPMTJSVTPE]FEGO *1'0-4XS*1'0-4 
-JXLITEMVQSHIMWSRFSXLQEMRERHWYFWMHMEV]*1WPMKLX

4VIWWXLI?40%=AFYXXSRXYVRMRKMXSR
8SWXSTTPE]FEGOTVIWW?7834ASVER]SJXLI?7,80A?.3+A?'9)A
?6);A?**AERH?%007834AFYXXSRW
*SVHIXEMPWSJXLIFYXXSRWMRXLIHIZMGIGSRXVSPFPSGO 1/78&XVEGOFEPP
QSHYPISTXMSR WIIw(IZMGI'SRXVSP&PSGO 1/78&8VEGOFEPP1SHYPI
3TXMSR x TEKI MR'LETXIV

*SVHIXEMPWSJXLITPE]FEGOWXEVXTSMRXWXSTTSMRXERHHYVEXMSRWIXXMRKWWIIXLI
TVIZMSYWMXIQw9WMRKXLIHIZMGIGSRXVSPFPSGO 1/7%7IEVGL(MEP
1SHYPISTXMSR XSTPE]FEGOGPMTWx TEKI 

8SGEVV]SYXXLIZEVMEFPIWTIIHTPE]FEGO
4VIWWER]SJXLI?7,80A?.3+AERH?:%6AFYXXSRWXLIRXYVRXLI>VMRKSV
QSZIXLINS]WXMGO8LIMQEKIGLERKIWMRXLIJSV[EVHHMVIGXMSR[LIR]SYXYVR
XLI>VMRKGPSGO[MWIERHMRXLIVIZIVWIHMVIGXMSR[LIR]SYXYVRMX
GSYRXIVGPSGO[MWI1SZIXLINS]WXMGOXSXLIVMKLXJSVXLIJSV[EVHHMVIGXMSRERH
XSXLIPIJXJSVXLIVIZIVWIHMVIGXMSR

*VEQI1IQSV]'PMT3TIVEXMSRW 
;LIR]SYTVIWWIHXLI?.3+AFYXXSR4PE]FEGOMWEXEWTIIHGSVVIWTSRHMRK
XSXLIXYVRMRKWTIIHSJXLI>VMRKSVXLIQSZIQIRXWTIIHSJXLINS]WXMGO
;LIR]SYTVIWWIHXLI?7,80AFYXXSR4PE]FEGOMWEXEWTIIHGSVVIWTSRHMRK
XSXLIVSXEXMSRERKPISJXLI>VMRKSVEQSYRXSJQSZIQIRXSJXLINS]WXMGO
;LIR]SYTVIWWIHXLI?:%6AFYXXSR4PE]FEGOMWEXEWTIIHGSVVIWTSRHMRK
XSXLIVSXEXMSRERKPISJXLI>VMRKSVEQSYRXSJQSZIQIRXSJXLINS]WXMGO
MRXLIVERKIzXSXMQIWRSVQEPWTIIH

'PMT'VIEXMSR
=SYWEZIEQSZMIEWEGPMT

2SXI
-JXLIRYQFIVSJJVEQIQIQSV]GPMTWI\GIIHWMRKPIJMPIW TEMVJMPIW ER
IVVSVETTIEVW

9WMRKXLIQIRYXSVIGSVHGPMTW
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u'PMTvERH,*u6IGSVHv
8LI6IGSVHQIRYETTIEVW

 *VEQI1IQSV]'PMT3TIVEXMSRW
*VEQIQIQSV] 4EMVWIPIGXMSR
WIPIGXMSREVIE FYXXSRW
3TIVEXMSRXEVKIX
WIPIGXMSRFYXXSRW *SPHIVWIPIGXMSR
EVIE

;MXL?4EMVASJJTVIWWXLISTIVEXMSRXEVKIXWIPIGXMSRFYXXSRXSWIPIGXXLI
STIVEXMSRXEVKIX

-RXLIJSPHIVWIPIGXMSREVIEWIPIGXXLIJSPHIVGSRXEMRMRKXLIGPMTXSFI
VIGSVHIH

4VIWW?6IGSVH)REFPIAXYVRMRKMXSR

8SWIXXLIGPMTREQITVIWW?2EQIA
%OI]FSEVH[MRHS[ETTIEVW

)RXIVXLIGPMTREQIERHTVIWW)RXIV

8SWXEVXVIGSVHMRKTVIWW?6IGSVH7XEVXA

8SIRHVIGSVHMRKTVIWW?6IGSVH7XSTA

8SWIXXLIGPMTHYVEXMSR

4VIWW?'PMT(YVEXMSRA
%RYQIVMGOI]TEH[MRHS[ETTIEVW

*VEQI1IQSV]'PMT3TIVEXMSRW 
)RXIVEXMQIGSHIZEPYISVRYQFIVSJJVEQIWERHTVIWW)RXIV
8LMWGSRJMVQWXLIGPMTHYVEXMSR

'VIEXMRKERH,ERHPMRK*VEQI1IQSV]*SPHIVW
=SYGERGVIEXIVIREQIERHHIPIXIJVEQIQIQSV]JSPHIVW

'VIEXMRKERI[JSPHIV
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u*SPHIVv
8LI*SPHIVQIRYETTIEVW8LIWXEXYWEVIEWLS[WEPMWXSJXLIGYVVIRXJSPHIV
WIXXMRKW

7IPIGX?2I[A
%OI]FSEVH[MRHS[ETTIEVW

)RXIVXLIJSPHIVREQIERHTVIWW)RXIV
8LMWGSRJMVQWXLIJSPHIVREQI

'LERKMRKXLIJSPHIVREQI
-RXLI*VEQI1IQSV]"*SPHIVQIRYWIPIGXXLIJSPHIV[MXLXLIEVVS[OI]W
SVF]XYVRMRKXLIORSFW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 2S *SPHIVWIPIGXMSR XS
 2YQ 2YQFIVSJJMPIWXSWIPIGX XS
GSRWIGYXMZIP]JVSQWIPIGXIHJMPI

4VIWW?6IREQIA
%OI]FSEVH[MRHS[ETTIEVW

)RXIVXLIRI[JSPHIVREQIERHTVIWW)RXIV

2SXI
8LIJSPPS[MRKREQIWGERRSXFIYWIHJSVJSPHIVW
(IJEYPX*PEWL*PEWL
'32462%9<'03'/290'31'31'31
'31'31'31'31'31'31'31

 *VEQI1IQSV]'PMT3TIVEXMSRW
048048048048048048048048048
048

8LMWGLERKIWXLIJSPHIVREQI

(IPIXMRKEJSPHIV
-RXLI*VEQI1IQSV]"*SPHIVQIRYWIPIGXXLIJSPHIV[MXLXLIEVVS[OI]W
SVF]XYVRMRKXLIORSFW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 2S *SPHIVWIPIGXMSR XS
 2YQ 2YQFIVSJJMPIWXSWIPIGX XS
GSRWIGYXMZIP]JVSQWIPIGXIHJMPI

8SWIPIGXEPPJSPHIVWWIPIGX?%PPA

4VIWW?(IPIXIA
%GSRJMVQEXMSRQIWWEKIETTIEVW

8SGEVV]SYXXLIHIPIXMSRWIPIGX?=IWAERHXSGERGIPXLIHIPIXMSRWIPIGX
?2SA

2SXI
-XMWRSXTSWWMFPIXSHIPIXIXLIHIJEYPXJSPHIV REQIHw(IJEYPXx 

'PMT3YXTYX
%WJSVWXMPPMQEKISTIVEXMSR]SYGERYWIXLIVITSWMXMSRERHPSGOJYRGXMSRW
*SVHIXEMPWSJXLISTIVEXMSRWIIw-QEKI3YXTYXx TEKI 

6IGSVHMRKERH4PE]FEGOSJ%RGMPPEV](EXE
4VITEVEXMSRW
8SVIGSVHERGMPPEV]HEXEMXMWJMVWXRIGIWWEV]MRXLI7IXYTQIRYXSWIPIGXwWEZI
[MXLERGMPPEV]HEXExEWXLIJVEQIQIQSV]WEZMRKQSHI WIIw7EZMRKE*VEQI
1IQSV]'PMT;MXL%RGMPPEV](EXExMR'LETXIV :SPYQI 

*VEQI1IQSV]'PMT3TIVEXMSRW 
6IGSVHMRKERGMPPEV]HEXE
8SVIGSVHERGMPPEV]HEXEMREJVEQIQIQSV]GPMTYWIXLI*VEQI1IQSV]"'PMT
"6IGSVHQIRY
*SVHIXEMPWSJXLISTIVEXMRKWIUYIRGIWIIw'PMT'VIEXMSRx TEKI 

8SGLIGOERGMPPEV]HEXEHYVMRKVIGSVHMRK
-JXLIERGMPPEV]HEXEXSFIVIGSVHIHMWIQFIHHIHEYHMSF]JMVWXWIXXMRKXLIWMKREP
SYXTYXXSXLVSYKLQSHI]SYGERPMWXIR[LMPIVIGSVHMRK
*SVXLIQIXLSHSJWIXXMRKXLIWMKREPSYXTYXXSXLVSYKLQSHIWIIw7MKREP
3YXTYX7IXXMRKW 3YXTYX1IRY xMR'LETXIV :SPYQI 

2SXI
*SV?*VII^I)REFPIASV?6IGSVH)REFPIAMRXLI 6IGSVH)REFPI"KVSYT
TVIWWMRK?'PMTASV?)\X'PMTAXSXYVRXLIQSRSVSJJQE]VIWYPXMRRSMWI%PWS
[MXLXLIWIFYXXSRWMRXLI3RWXEXIWIPIGXMRKXLIWMKREPSRXLIJVEQIQIQSV]
WSYVGIFYWQE]VIWYPXMRRSMWI

4PE]MRKFEGOERGMPPEV]HEXE
=SYGERTPE]ERGMPPEV]HEXEVIGSVHIHMREJVEQIQIQSV]GPMTF]RSVQEP
TPE]FEGOSVEREYXSXVERWMXMSRSJXLIGPMTXVERWMXMSR
8STPE]XLIERGMPPEV]HEXE]SYQYWXYWIXLIJSPPS[MRKTVSGIHYVIXSIREFPI
TPE]FEGOSJXLIERGMPPEV]HEXE*SVXLIWYFWIUYIRXTPE]FEGOSTIVEXMSRWII
w'PMT4PE]FEGOx TEKI 

2SXIW
e %JXIVVIGSVHMRKEJVEQIQIQSV]GPMTXLIERGMPPEV]HEXEWXEXIMWIREFPIHJSV
TPE]FEGO
e 8STPE]FEGOXLIGPMTWIXXLIWMKREPSYXTYXXSXLVSYKLQSHI*SVXLIQIXLSH
SJWIXXMRKXLVSYKLQSHIWIIw7MKREP3YXTYX7IXXMRKW 3YXTYX1IRY xMR
'LETXIV :SPYQI 
e ;LIRXLIVITSWMXMSRJYRGXMSRMWSRERGMPPEV]HEXEGERRSXFITPE]IHFEGO
e 7[MXGLMRKVITSWMXMSRJYRGXMSRFIX[IIRSRERHSJJQE]GEYWIRSMWI
e 3RP]XLI%9<FYWERHIHMXTVIZMI[FYWGERSYXTYXERGMPPEV]HEXE
e *SVPSSTTPE]FEGOSJGPMTWMRXLIJSPPS[MRKZMHISJSVQEXWXLIPSSTTPE]FEGO
VERKIQYWXFIEXPIEWXJVEQIWERHWIXXSEQYPXMTPISJJVEQIW
z M
z 4
z M
e 6IGEPPMRKSTIVEXMSRWSJWXMPPMQEKIWSVGPMTWGERGEYWIRSMWI
e 'EVV]MRKSYXJMPISTIVEXMSRWSREJVEQIQIQSV]GPMTQE]VIWYPXMRXLI
ERGMPPEV]HEXEFIMRKHMWGSRXMRYSYWSVMRRSMWISGGYVVMRK,S[IZIVMJXLI
JMVWXSVPEWXJVEQISJXLIGPMTMWHIPIXIHRSMWI[MPPRSXSGGYV
e 8LIEYHMSWEQTPMRKJVIUYIRG]MWEP[E]WO,^

 *VEQI1IQSV]'PMT3TIVEXMSRW
e -RXLIGEWISJMSVRSMWIQE]SGGYVEXXLIFIKMRRMRKSJTPE]MRKFEGO
EGPMT8LMWGERFIEZSMHIHF]QEOMRKXLIJMVWXRMRISVQSVIJVEQIWSJXLIGPMT
WSYRHPIWW
e ;LIR]SYTPE]FEGOXLIVIGSVHIHIQFIHHIHEYHMSHITIRHMRKSRXLIHIZMGI
XSFIYWIHRSMWIWEVITVSHYGIHEXXLITPE]FEGOWXEVXTSMRXERHIRHTSMRX*SV
HIXEMPWSJHIZMGIWXLEXEVIYWIHJSVTPE]FEGOGSRXEGX]SYV7SR]WIVZMGISV
WEPIWVITVIWIRXEXMZI

-RXLI*VEQI1IQSV]QIRYWIPIGX:*w'PMTx,*w%RGMPPEV])REFPIx

7IPIGXXLIJVEQIQIQSV]JSPHIVERHJMPIXSFITPE]IHFEGO

7IXXLI?%RGMPPEV])REFPIAFYXXSRXS3R

*VEQI1IQSV]'PMT3TIVEXMSRW 
'PMT8VERWMXMSR3TIVEXMSRW

%JVEQIQIQSV]GPMT QSZMI MWTPE]IHFEGOPMROIHXSEXVERWMXMSRYWMRKEQM\


HMWWSPZI SV[MTI

8LIJSPPS[MRKVIWXVMGXMSRWETTP]XSXLIYWISJEGPMTXVERWMXMSR
e /I]JVEQIGETXYVIMWRSXTSWWMFPI
e -XMWRSXTSWWMFPIXSETTP]ETEXXIVRPMQMX
e 8VERWMXMSRWI\IGYXIHMRX[SWXVSOIWWYGLEWETVIWIXGSPSVQM\[MXLXLI
WXVSOIQSHIWIXXS2SVQEPSVE(1)[MTI[MXLETMGXYVIMRTMGXYVITEXXIVR
[MPPRSXI\IGYXIGSVVIGXP]
e -XMWRSXTSWWMFPIXSZEV]XLIXVERWMXMSRVEXISJEGPMTXVERWMXMSR
e 8VERWMXMSRTVIZMI[GERRSXFIYWIH
e 2SMRWXERXERISYWWXEXISJEGPMTXVERWMXMSRGERFIWEZIHEWEWRETWLSX
e ;LIRVIGEPPMRKEWRETWLSXMRGPYHMRKEGPMTXVERWMXMSRHYVMRKI\IGYXMRK
ERSXLIVGPMTXVERWMXMSRXLIJSPPS[SRXVERWMXMSRHSIWRSXSTIVEXITVSTIVP]&I
WYVIXSGSQTPIXIXLIXVERWMXMSRFIJSVIVIGEPPMRKEWRETWLSX

2SXI
;LIREGPMTXVERWMXMSRMWWIPIGXIHEWXLIXVERWMXMSRX]TIMJSRISJXLI[MTI
HMVIGXMSRWIPIGXMSRFYXXSRWMRXLIXVERWMXMSRGSRXVSPFPSGOMWPMXMXMRHMGEXIWXLI
HMVIGXMSRSJGPMTTPE]FEGO

7IXXMRKEGPMTXVERWMXMSR
8LIJSPPS[MRKI\EQTPIHIWGVMFIWXLIGEWISJEGPMTXVERWMXMSRYWMRK*1

'PMTSRXLI1)FERO

2SXI
8SYWIEGPMTXVERWMXMSRIJJIGXMZIP]XLIMQEKIJVSQXLIJVEQIQIQSV]GPMT
FIMRKTPE]IHFEGOHYVMRKXLIGPMTXVERWMXMSRWLSYPHFIWIIRMRXLI1)
TVSKVEQSYXTYX*SVI\EQTPIMRWIVXMRKEOI]YWMRKJVEQIQIQSV]SYXTYXERH
JVEQIQIQSV]SYXTYX

(MWTPE]XLI1)"1MWG"8VERWMXMSRQIRYERHMRXLI 8VERWMXMSR8]TI"
KVSYTWIPIGXw*1
'PMTx

4VIWW?'PMT8VERWMXMSRA
8LI'PMT8VERWMXMSRQIRYETTIEVW

 'PMT8VERWMXMSR3TIVEXMSRW
&EGOKVSYRHXVERWMXMSRHMWTPE]EVIE 'PMTXVERWMXMSRHMWTPE]EVIE

'PMTHMWTPE]EVIE

4VIWWXLI?'PMTAFYXXSR
8LI'PMTQIRYETTIEVWERHXLIWXEXYWEVIEWLS[WEPMWXSJGPMTW

7IPIGXXLIGPMTXSYWIMRXLIGPMTXVERWMXMSR

6IXYVRXSXLI'PMT8VERWMXMSRQIRYERHMRXLI &/+(8VERWMXMSR8]TI"
KVSYTWIPIGXXLIFEGOKVSYRHXVERWMXMSRX]TI

2SXI
*SVHIXEMPWSJXLIFEGOKVSYRHXVERWMXMSRWIPIGXIHLIVIWIIXLIZEVMSYW
EHNYWXQIRXWMRXLI1)"1MWG"8VERWMXMSRQIRY

-RXLI 7IPIGX"KVSYTTVIWW?&/+(8VERWMXMSRA

9WIIMXLIVSJXLIJSPPS[MRKQIXLSHWXSWIXXLIFEGOKVSYRHXVERWMXMSRWXEVX
TSMRXMRHITIRHIRXP]SJXLIGPMTTPE]FEGOXMQMRK
e 1SZIXLIJEHIVPIZIVXSXLIHIWMVIHTSWMXMSRERHMRXLI &/+(
8VERWMXMSR7IX8MQMRK"KVSYTTVIWW?7XEVXA

'PMT8VERWMXMSR3TIVEXMSRW 
e 8YVRORSFXSWIXXLIRYQFIVSJJVEQIW 8LIPIJXIRHSJXLIVIJIVIRGI
E\MW WIIJSPPS[MRKJMKYVI MWXLITSWMXMSRSJJVEQI

4SWMXMSRSJJVEQI 6IJIVIRGIE\MW

9WMRKIMXLIVSJXLIJSPPS[MRKQIXLSHWWIXXLIIRHTSMRXSJXLIFEGOKVSYRH
XVERWMXMSR
e 1SZIXLIJEHIVPIZIVXSXLIHIWMVIHTSWMXMSRERHMRXLI &/+(
8VERWMXMSR7IX8MQMRK"KVSYTTVIWW?7XSTA
e 8YVRORSFXSWIXXLIRYQFIVSJJVEQIW

-J;MTISV(1);MTIMWWIPIGXIHMRXLI &/+(8VERWMXMSR8]TI"KVSYT
MRXLI &/+(8VERWMXMSR(MVIGXMSR"KVSYTWIPIGXXLIFEGOKVSYRH
XVERWMXMSRHMVIGXMSR

-RXLI 7IPIGX"KVSYTTVIWW?*1
'PMTA

9WMRKIMXLIVSJXLIJSPPS[MRKQIXLSHWWIXXLIWXEVXTSMRXSJXLIGPMT
e 1SZIXLIJEHIVPIZIVXSXLIHIWMVIHWXEVXTSMRXERHMRXLI 'PMT
8VERWMXMSR7IX8MQMRK"KVSYTTVIWW?7XEVXA
e 8YVRORSFXSWIXXLIRYQFIVSJJVEQIW 8LIPIJXIRHSJXLIVIJIVIRGI
E\MW WIIJSPPS[MRKJMKYVI MWXLITSWMXMSRSJJVEQI

2SXI
-XMWRSXTSWWMFPIXSWIXXLIIRHTSMRX

-RXLI 'PMT8VERWMXMSR(MVIGXMSR"KVSYTWIPIGXXLITPE]FEGOHMVIGXMSRSJ
XLIGPMT

8SVIWIXXLIWXEVXTSMRXERHIRHTSMRX
4VIWW?8MQMRK6IWIXA
8LIFEGOKVSYRHXVERWMXMSRWXEVXTSMRXERHIRHTSMRXERHXLIGPMTWXEVXTSMRXEVI
EPPVIWIX

 'PMT8VERWMXMSR3TIVEXMSRW
-QEKI(EXE1EREKIQIRX

=SYGERGEVV]SYXXLIJSPPS[MRKSTIVEXMSRWSRXLIJMPIWMR[LMGLMQEKIWEVI
WEZIH
e 4EMVJMPITVSGIWWMRK
e 1SZI
e (IPIXI
e 6IREQI

2SXI
(YVMRKTPE]FEGOSJEJVEQIQIQSV]GPMTSJXLITEMVEWWMKRIHXSIMXLIVSJXLI
XEVKIX*1WIPIGXMSRFYXXSRW WIITEKI JVEQIQIQSV]STIVEXMSRWQE]RSX
FITIVJSVQIHTVSTIVP]'EVV]SYXJVEQIQIQSV]STIVEXMSRWEJXIVWXSTTMRKGPMT
TPE]FEGO

4EMV*MPI4VSGIWWMRK
=SYGERGVIEXIETEMVJMPIJVSQX[SWMRKPIJMPIW-RXLIVIZIVWIHMVIGXMSR]SY
GERWTPMXETEMVJMPIMRXSX[SWMRKPIJMPIW
'SYTPI=SYGERGVIEXIETEMVJMPIJVSQX[SWMRKPIWXMPPMQEKIJMPIWSVGPMTJMPIW
7ITEVEXI=SYGEREPWSWITEVEXIETEMVJMPIMRXSX[SWMRKPIWXMPPMQEKIJMPIWSV
GPMTJMPIW

'VIEXMRKETEMVJMPIJVSQX[SWMRKPIJMPIW

2SXI
'EVV]MRKSYXXLIJSPPS[MRKSTIVEXMSREYXSQEXMGEPP]W[MXGLIW?4EMVAXS3R

8LIJSPPS[MRKHIWGVMTXMSRETTPMIWXSXLIGEWISJ*1
FYXXLITVSGIHYVIWEVI
WMQMPEVJSVXLISXLIVGEWIW

-RXLI*VEQI1IQSV]"7XMPP"6IGEPPQIRYSV*VEQI1IQSV]"'PMT
"6IGEPPQIRYVIGEPPXLIX[SWMRKPIJMPIW]SY[ERXXSGSRZIVXXSETEMVJMPI
XS*1ERH*1

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u*MPIvERH,*u4EMV
6IGSQFMREXMSRv
8LI4EMV6IGSQFMREXMSRQIRYETTIEVW

-QEKI(EXE1EREKIQIRX 
4VIWW?'SYTPIA
8LMWGSRZIVXWXLIJMPIWSYXTYXXS*1ERH*1XSETEMV

7TPMXXMRKETEMVJMPIMRXSX[SWMRKPIJMPIW

2SXI
'EVV]MRKSYXXLIJSPPS[MRKSTIVEXMSREYXSQEXMGEPP]W[MXGLIW?4EMVAXS3JJ

8LIJSPPS[MRKHIWGVMTXMSRETTPMIWXSXLIGEWISJ*1ERH*1FYXXLI
TVSGIHYVIWEVIWMQMPEVJSVXLISXLIVGEWIW

-RXLI*VEQI1IQSV]"7XMPP"6IGEPPQIRYSV*VEQI1IQSV]"'PMT
"6IGEPPQIRYVIGEPPXLITEMVJMPI

7IPIGXXLIJSPHIVMR[LMGLXLIJMPIXSFIQSZIHMWWXSVIH

-RXLI*VEQI1IQSV]QIRYWIPIGX:*u*MPIvERH,*u4EMV
6IGSQFMREXMSRv
8LI4EMV6IGSQFMREXMSRQIRYETTIEVW

4VIWW?7ITEVEXIA
8LI*1ERH*1TEMVJMPIMWWTPMXMRXSWITEVEXIWMRKPIJMPIW

1SZMRK*MPIW
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u*MPIvERH,*u1SZIv
8LI1SZIQIRYETTIEVW8LIWXEXYWEVIEWLS[WJMPIWXSFIQSZIHMRXLI
YTTIVEVIEERHHIWXMREXMSRJMPIWMRXLIPS[IVEVIE

7IPIGXXLIJSPHIV[LMGLGSRXEMRWXLIJMPIXSFIQSZIH

9WMRKER]SJXLIJSPPS[MRKQIXLSHWWIPIGXXLIJMPIXSFIQSZIH
e 4VIWWXLIEVVS[OI]WXSWGVSPPXLIHMWTPE]
e 4VIWWHMVIGXP]SRXLIXLYQFREMPMRXLIWXEXYWEVIE
e 8YVRXLIORSFW
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 2S *MPIWIPIGXMSR ERHYT[EVHW
 2YQ 7IPIGXMSRSJRYQFIVSJJMPIWMR ERHYT[EVHW
WIUYIRGI

 -QEKI(EXE1EREKIQIRX
7IPIGXXLIHIWXMREXMSRJSPHIVERHJMPI

4VIWW?1SZIA

8SGSRJMVQXLIQSZITVIWW?=IWAERHXSGERGIPTVIWW?2SA

(IPIXMRK*MPIW
-RXLI*VEQI1IQSV]QIRYWIPIGX:*u*MPIvERH,*u(IPIXIv
8LI(IPIXIQIRYETTIEVW-RXLIWXEXYWEVIE[LIXLIVTEMVQSHIMWSRSV
SJJEPPSJXLIWEZIHJMPIWETTIEVEWXLYQFREMPW

7IPIGXXLIJSPHIV[LMGLGSRXEMRWXLIJMPIXSFIHIPIXIH

9WMRKIMXLIVSJXLIJSPPS[MRKQIXLSHWWIPIGXXLIJMPIXSFIHIPIXIH-J
RIGIWWEV]TVIWWXLIEVVS[OI]WXSWGVSPPXLIHMWTPE]
e 4VIWWHMVIGXP]SRXLIXLYQFREMPMRXLIWXEXYWEVIE
e 8YVRXLIORSFW
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
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'SPSVHEXEGST]ERHW[ET
=SYGERGST]SVW[ETXLIGSPSVHEXEEQSRKXLIGSPSVKIRIVEXSVWPMWXIHMRXLI
JSPPS[MRKXEFPI

8EVKIXFERO 8EVKIXOI]IVERHHEXE
1) e /I]WXS e 'SPSVWERHJSVOI]JMPP
4+1478 e (S[RWXVIEQOI]WXS e 'SPSVWERHJSVOI]IHKIJMPP
e w>EFXSRxGSPSVHEXE
1EXXIHEXEJSV[MTIFSVHIV
'SPSVFEGOKVSYRH e 'SPSVWERHJSVGSPSVFEGOKVSYRH
*VEQIQIQSV] e *1GSPSV
e *1GSPSV
(1)GLGL e &EGOKVSYRH
(1)GLXSGL e &SVHIV
e 7ITME
e 0MKLX
e 7LEHI
e (VSTWLEHS[
e 8VEMP

(1)GLERRIPGST]ERHW[ET
=SYGERGST]ERHW[ETXLIGLERRIPHEXEEQSRK(1)GLERRIPWXS

 'ST]ERH7[ET
'ST]MRKJSVQEXGSRZIVXIVHEXE
=SYGERGST]HEXEJVSQSRIJSVQEXGSRZIVXIVMRTYXXSERSXLIVSVJVSQSRI
SYXTYXXSERSXLIV

'ST]ERH7[ET 
'ST]ERH7[ET3TIVEXMSRW

'ST]ERH7[ET1IRY3TIVEXMSRW

%GGIWWMRKXLI'ST]7[ETQIRY
-RXLIQIRYSTIVEXMSRWIGXMSRXSTQIRYWIPIGXMSRFYXXSRWTVIWWXLI?'ST]
7[ETAFYXXSRXLIRTVIWW:*u'ST]7[ETv8LI'ST]7[ETQIRYETTIEVW
,IVIEGST]W[ETSTIVEXMSRSR[MTIHEXEMWHIWGVMFIHF][E]SJI\EQTPI
YWMRKXLI'ST]7[ET";MTIQIRYFYXXLIWEQIKIRIVEPTVSGIHYVIETTPMIWXS
EPPSJXLIJSPPS[MRKQIRYW
e 1)'ST]MRKERHW[ETTMRK1)HEXE
e /I]'ST]MRKERHW[ETTMRKOI]HEXE
e ;MTI'ST]MRKERHW[ETTMRK[MTIHEXE
e (1);MTI'ST]MRKERHW[ETTMRK(1)[MTIHEXE
e 1EXXI'ST]MRKERHW[ETTMRKQEXXIHEXE
e 'SPSV'ST]MRKERHW[ETTMRKGSPSVHEXE
e (1)'ST]MRKERHW[ETTMRKHEXEF](1)GLERRIPW
e *SVQEX'SRZIVXIV'ST]MRKJSVQEXGSRZIVXIVHEXE
*SVHIXEMPWWIIw7IXXMRKW6IPEXMRKXS7MKREP-RTYXW -RTYX1IRY xMR'LETXIV
 :SPYQI 

*SVERSZIVZMI[SJXLIGSRGITXWMRZSPZIHWIIw'ST]ERH7[ETx TEKI 
*SVHIXEMPWSJGSPSVGSVVIGXSVGST]ERHW[ETWII'LETXIVw'SPSV
'SVVIGXSVx TEKI 

'ST]MRKERHW[ETTMRK[MTIHEXE
%WERI\EQTPIXSGST]SVW[ET[MTIHEXEYWIXLIJSPPS[MRKTVSGIHYVI

-RXLI'ST]7[ETQIRYWIPIGX,*u;MTIv
8LI'ST]7[ET";MTIQIRYETTIEVW
8LIWXEXYWEVIEWLS[WPMWXWJSVXLIGST]W[ETWSYVGISRXLIPIJXERHXLI
GST]W[ETHIWXMREXMSRSRXLIVMKLX

-RXLI (EXE7IPIGX"KVSYTWIPIGXIMXLIVSJXLIJSPPS[MRK
;MTI8LISTIVEXMSRETTPMIWXS[MTIWMRXLIXVERWMXMSRGSRXVSPFPSGO
/I];MTI8LISTIVEXMSRETTPMIWXS[MTIWMRXLIMRHITIRHIRXOI]
XVERWMXMSRGSRXVSPFPSGO

 'ST]ERH7[ET3TIVEXMSRW
9WMRKER]SJXLIJSPPS[MRKQIXLSHWWIPIGXXLIHEXEXSFIGSTMIHSV
W[ETTIH
e 4VIWWHMVIGXP]SRXLIPMWXMRXLIWXEXYWEVIE
e 4VIWWXLIEVVS[OI]WXSWGVSPPXLIVIZIVWIZMHISGYVWSV
e 8YVRXLIORSFWXSQEOIXLIWIXXMRK
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 0IJX2S 7IPIGXHEXEJSVGST]W[ET XSE
WSYVGI
XSF
 6MKLX2S 7IPIGXHEXEJSVGST]W[ET XSE
HIWXMREXMSR
XSF

E 8VERWMXMSRGSRXVSPFPSGO[MTIHEXE
F -RHITIRHIRXOI]XVERWMXMSRGSRXVSPFPSGO[MTIHEXE

*SVHIXEMPWSJXLIHEXEEJJIGXIHWIIw'ST]ERH7[ETx TEKI 

8SGST]TVIWW?'ST]AERHXSW[ETTVIWW?7[ETA
8LMWGEVVMIWSYXXLIGST]SVW[ET

8SYRHSEGST]SVW[ET
4VIWW?9RHSAXSVIXYVRXSXLIWXEXIFIJSVIXLIGST]SVW[ET[EWGEVVMIHSYX

'ST]F]&YXXSR3TIVEXMSR
=SYGERGST]OI]HEXEF]EWMQTPIFYXXSRSTIVEXMSR

&EWMGFYXXSRSTIVEXMSR
8LIFEWMGFYXXSRSTIVEXMSRMWXSLSPHHS[RXLIGST]WSYVGIFYXXSRXLIRTVIWW
XLIHIWXMREXMSRFYXXSR
=SYGERYRHSXLIPEWXSTIVEXMSRYWMRK?9RHSAMRXLIQIRY WIITEKI 

/I]IVGST]FYXXSRSTIVEXMSR
9WIXLIOI]HIPIKEXMSRFYXXSRWMRXLIVIWTIGXMZIFEROW

8SGST]JVSQ1)OI]XS44HS[RWXVIEQOI]
,SPHHS[RXLI1)OI]HIPIKEXMSRFYXXSR?/)=AERHTVIWWXLI44OI]
HIPIKEXMSRFYXXSR?(7/A

'ST]ERH7[ET3TIVEXMSRW 
1MWG1IRY3TIVEXMSRW

-RXLI1MWGQIRY]SYGERGEVV]SYXXLIJSPPS[MRKSTIVEXMSRW
e )REFPMRKERHHMWEFPMRKSTIVEXMSRJVSQERI\XIVREPHIZMGI7]WXIQ1EREKIV
SVERIHMXMRKOI]FSEVH
e )REFPMRKERHHMWEFPMRKWMHIJPEKWSRXLIFEGOKVSYRHFYWSJIEGLSJXLI1)
ERH4+1478FEROW
*SVXLIWMHIJPEKJYRGXMSRWIIw7MHI*PEKWx TEKI 

e 7[MXGLMRKXLIWEJIXMXPIJYRGXMSRSRSVSJJJSVIEGLW[MXGLIVSYXTYX
e (MWTPE]MRKXLIXVERWMXMSRVEXIMRHITIRHIRXOI]XVERWMXMSRVEXIERHJEHIXS
FPEGOXVERWMXMSRVEXIJSVIEGLSJXLI1)ERH4+1478FEROWERHGLERKMRK
XLIWIXXMRKW

4SVX7IXXMRKWJSV'SRXVSP*VSQER)\XIVREP(IZMGI

)REFPMRKSVHMWEFPMRKGSRXVSPJVSQERI\XIVREPHIZMGI
-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'A
XLIRWIPIGX:*u)REFPIvERH,*u4SVX)REFPIv
8LI1MWG")REFPI"4SVX)REFPIQIRYETTIEVW[MXLXLIWXEXYWEVIE
WLS[MRKXLIWIXXMRKWSJXLIJSPPS[MRKTSVXW
e 7[MXGLIV6IQSXIXS6IQSXITSVXW 67%(WYFTMR
e 7[MXGLIV+4-TSVX TEVEPPIPTMR 
e (1)(1))HMXSVTSVXW 67%(WYFTMR
e (1)(1)+4-TSVXW TEVEPPIPTMR

-RXLI 7[MXGLIV"SV (1)"KVSYTTVIWWSRXLIREQISJXLITSVXJSV


[LMGL]SY[ERXXSHMWEFPIGSRXVSPJVSQERI\XIVREPHIZMGIXYVRMRKMXSJJ
8SVIIREFPIGSRXVSPJSVXLITSVXTVIWWSRMXWREQISRGIQSVI

2SXIW
e -XMWRSXRIGIWWEV]XSQEOIER]WIXXMRKWJSV(1)
e *SVXLI%9<FYWSTIVEXMSRJVSQXLI6IQSXIXS6IQSXITSVXWSJXLI
W[MXGLIVXLIWIXXMRK )REFPI(MWEFPI1ERYEP MRXLI7IXYTQIRYXEOIW
TVIGIHIRGI3RP][LIRXLIWIXXMRKMWw1ERYEPxXLIWIXXMRKWQEHIMRXLI
4SVX)REFPIQIRYETTP]
*SVHIXEMPWWIIw-RXIVJEGMRK;MXL)\XIVREP(IZMGIW (IZMGI-RXIVJEGI
1IRY xMR'LETXIV :SPYQI 

 1MWG1IRY3TIVEXMSRW
(1)SZIVVMHI
-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'A
XLIRWIPIGX:*u)REFPIvERH,*u4SVX)REFPIv
8LI1MWG")REFPI"4SVX)REFPIQIRYETTIEVW

-RXLI (1)3ZIVVMHI"KVSYTWIPIGXXLI(1)SZIVVMHIQSHI
(1)3ZIVVMHI;LIREW[MXGLIVWRETWLSXSVIJJIGXYWMRKE(1)MW
VIGEPPIHJSVGMFP]WIPIGXXLI(1)XLEX[EWYWIH[LIRWEZMRK
3R%MV4VSXIGX8LISTIVEXMSRMWXLIWEQIEWXLI(1)SZIVVMHIJYRGXMSR
I\GITXXLEXE(1)FIMRKYWIHF]ER1)FEROSV44FEROXLEXMWSR
EMV[MPPRSXFIJSVGMFP]WIPIGXIH

2SXI
-JIJJIGXWYWMRKXLIWEQI(1)GLERRIPEVIWIPIGXIHWMQYPXERISYWP]MRX[S
SVQSVIVIKMSRWXLI(1)MWWIPIGXIH[MXLXLISVHIVSJTVIGIHIRGI44"1
)"1)"1)

)REFPMRKSVHMWEFPMRKGSRXVSPJVSQ7]WXIQ1EREKIV
&]MRWXEPPMRKXLI&>477]WXIQ1EREKIQIRX7SJX[EVI 7]WXIQ
1EREKIV ]SYGERYWIEGSQTYXIVGSRRIGXIHSRERIX[SVOJSVQEREKIQIRXSJ
WSQIW[MXGLIVHEXEERHGSRXVSPSTIVEXMSRW
8SIREFPISVHMWEFPIXLMWJYRGXMSRYWIXLIJSPPS[MRKTVSGIHYVI

-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'A
XLIRWIPIGX:*u)REFPIvERH,*u4SVX)REFPIv
8LI1MWG")REFPI"4SVX)REFPIQIRYETTIEVW

4VIWW?7]WXIQ1EREKIVA
)EGLXMQI]SYTVIWWXLIFYXXSRXSKKPIWFIX[IIRIREFPIERHHMWEFPI

)HMXMRK/I]FSEVH7IXXMRKW

2SXI
8LIJSPPS[MRKSTIVEXMSRWEVISRP]TSWWMFPI[LIREPMGIRWIJSVXLI&>7
)HMXMRK'SRXVSP7SJX[EVIMWEGXMZEXIH*SVHIXEMPWSJPMGIRWIVIKMWXVEXMSRWII
w-RWXEPPEXMSRERH(IZMGI7IXYT -RWXEPP9RMX'SRJMK1IRY xMR'LETXIV
:SPYQI 

1MWG1IRY3TIVEXMSRW 
)REFPMRKSVHMWEFPMRKGSRXVSPJVSQXLIIHMXMRKOI]FSEVH
-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'A
XLIRWIPIGX:*u)REFPIvERH,*u4PYK-R)HMXSVv
8LI1MWG")REFPI"4PYK-R)HMXSVQIRYETTIEVW

-RXLI 'SRXVSP*VSQ4PYK-R)HMXSV"KVSYTTVIWW?)HMXSV)REFPIA
)EGLXMQI]SYTVIWWXLIFYXXSRXSKKPIWFIX[IIRIREFPIERHHMWEFPI

8SIREFPIGSRXVSPSJXLITVIZMI[FYWSRP]
;LIRGSRXVSPJVSQXLIIHMXMRKOI]FSEVHMWHMWEFPIH [LIR?)HMXSV)REFPIAMW
WIXXS(MWEFPI XSIREFPIGSRXVSPSJXLITVIZMI[FYWSRP]TVIWW?4:;&YW
)REFPIAMRXLI 'SRXVSP*VSQ4PYK-R)HMXSV"KVSYT

7EJI8MXPI7IXXMRKW

7[MXGLMRKXLIWEJIXMXPIJYRGXMSRSRSVSJJ
-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'AERH
WIPIGX:*u7EJI8MXPIv
8LI1MWG"7EJI8MXPIQIRYETTIEVW

9WMRKER]SJXLIJSPPS[MRKQIXLSHWWIPIGXXLIWMKREPXS[LMGLXLIWIXXMRKW
ETTP]
e (MVIGXP]TVIWWXLIPMWXMRXLIWXEXYWEVIE
e 4VIWWXLIEVVS[OI]WXSWGVSPPXLIVIZIVWIZMHISGYVWSV
e 8YVRXLIORSFXSQEOIXLIWIXXMRK
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 3YXTYX 7MKREPXS[LMGLXLIWIXXMRKW XS
ETTP]

2SXIW
e -XMWRSXTSWWMFPIXSGLERKIXLIWIXXMRKJSVXLISYXTYXJSV[LMGLXLIWEJI
XMXPIMWWIXSJJMRE7IXYTQIRY
e 8LIWEJIXMXPIJYRGXMSRGERRSXFIYWIHJSVSYXTYXWMKREPWJSV[LMGL
XLVSYKLQSHIMWWIXXS)REFPIMRE7IXYTQIRY
*SVQSVIMRJSVQEXMSREFSYXXLI7IXYTQIRYWIXXMRKWVIJIVVIHXSEFSZIWII
w7MKREP-RTYX7IXXMRKW -RTYX1IRY xERHw7MKREP3YXTYX7IXXMRKW 3YXTYX
1IRY xMR'LETXIV :SPYQI 

 1MWG1IRY3TIVEXMSRW
4VIWW?7EJI8MXPIAXSWIXMXSRSVSJJ

(MWTPE]MRKE0MWXSJ8VERWMXMSR6EXIWERH'LERKMRKXLI
7IXXMRKW
-RXLI8VERWMXMSRQIRYJSVIEGLFERO]SYGERHMWTPE]EPMWXSJXLI1) SV
4+1478 XVERWMXMSRVEXIWERHMRHITIRHIRXOI] SV(7/ XVERWMXMSRVEXIWERH
GLERKIXLIWIXXMRKW
8LIWIWIXXMRKWEVIPMROIHXSXLISXLIVXVERWMXMSRVEXIWIXXMRKSTIVEXMSRW

(MWTPE]MRKXLI8VERWMXMSRQIRY
-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?1-7'AXLIR
WIPIGX:*u8VERWMXMSRv
8LI1MWG"8VERWMXMSRQIRYETTIEVW

%FSYXXLI8VERWMXMSRQIRYHMWTPE]
8LIHMWTPE]SJXLIMRHITIRHIRXOI]XVERWMXMSRVEXIMRXLI1MWG"8VERWMXMSR
QIRYHITIRHWSRXLIWIPIGXMSRMRXLI /I]8VERWMXMSR"KVSYTSJXLI
)RKMRIIVMRK7IXYT"7[MXGLIV"8VERWMXMSRQIRYJSVIEGLSJXLI1)ERH4+1
478FEROW

;LIR?7EQIA 3RHMVIGXMSRERH3JJHMVIGXMSRWIXXMRKWXLIWEQI MWWIPIGXIH


MRXLI /I]8VERWMXMSR"KVSYT3RP]w/I]x SVw(7/xMRXLI4+1478
FERO ETTIEVW
;LIR?-RHITIRHA 3RHMVIGXMSRERH3JJHMVIGXMSRWIXXMRKWMRHITIRHIRX MW
WIPIGXIHMRXLI /I]8VERWMXMSR"KVSYTw/I] 3R xERHw/I] 3JJ x
IEGLETTIEV-RXLIGEWISJXLI4+1478FEROw(7/ 3R xERH
w(7/ 3JJ xETTIEV
*SVQSVIHIXEMPWWIIw7IXXMRKW6IPEXMRKXS:MHIS7[MXGLMRK 8VERWMXMSR
1IRY xMR'LETXIV :SPYQI 

7IXXMRKXLIXVERWMXMSRVEXIMRXLI8VERWMXMSRQIRY
*SVI\EQTPIXSQEOIXLIWIXXMRKWJSVXLI1)FEROYWIXLIJSPPS[MRK
TVSGIHYVI

8SWIXXLI1)XVERWMXMSRVEXI

-RXLI 1)8VERWMXMSR6EXI"KVSYTSJXLI1MWG"8VERWMXMSRQIRYTVIWW
?8VERWMXMSRA

8YVRXLIORSFXSWIXXLIRYQFIVSJJVEQIW

1MWG1IRY3TIVEXMSRW 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 8VERWMXMSR6EXI 8VERWMXMSRVEXI XS JVEQIW

2SXI
;LIREGPMTXVERWMXMSRMWWIPIGXIHEWXLIXVERWMXMSRX]TIMXMWRSXTSWWMFPIXS
GLERKIXLIXVERWMXMSRVEXIMRXLMWQIRY

8SWIXXLIMRHITIRHIRXOI]XVERWMXMSRVEXI

-RXLI 1)8VERWMXMSR6EXI"KVSYTSJXLI1MWG"8VERWMXMSRQIRYTVIWW
?/I]A
8SWIXXLIOI]3RHMVIGXMSRSV3JJHMVIGXMSRMRHITIRHIRXP]TVIWW/I] 3R 
SV/I] 3JJ 

8YVRXLIORSFWXSWIXXLIRYQFIVSJJVEQIW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 /I]8VERW6EXI /I]XVERWMXMSRVEXI XS JVEQIW
 /I]8VERW6EXI /I]XVERWMXMSRVEXI XS JVEQIW
 /I]8VERW6EXI /I]XVERWMXMSRVEXI XS JVEQIW
 /I]8VERW6EXI /I]XVERWMXMSRVEXI XS JVEQIW

8SWIXXLIJEHIXSFPEGOXVERWMXMSRVEXIMRXLI8VERWMXMSRQIRY

2SXI
8LMWJYRGXMSRMWRSXEZEMPEFPI[MXLXLI''4

-RXLI1MWG"8VERWMXMSRQIRYTVIWW?*8&A

8YVRXLIORSFXSWIXXLIRYQFIVSJJVEQIW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 8VERWMXMSR6EXI 8VERWMXMSRVEXI XS JVEQIW

 1MWG1IRY3TIVEXMSRW
%9<1IRY3TIVEXMSRW

%9<&YW7IXXMRKW

1EOMRKZMHISTVSGIWWWIXXMRKWJSVER%9<FYW
1EOIXLIWIXXMRKWEWJSPPS[W

-RXLI%Y\1SR"%Y\&YWQIRYYWMRKER]SJXLIJSPPS[MRKQIXLSHW
WIPIGXXLI%9<FYWXS[LMGLXLIWIXXMRKWETTP]
e (MVIGXP]TVIWWXLIPMWXMRXLIWXEXYWEVIE
e 4VIWWXLIEVVS[OI]WXSWGVSPPXLIVIZIVWIZMHISGYVWSV
e 8YVRXLIORSFXSQEOIXLIWIXXMRK
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 %9<&YW %9<FYWWIPIGXMSR XS

4VIWW?:MHIS4VSGIWWAXYVRMRKMXSR

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 :MHIS+EMR :MHISWMKREPKEMR zXS
 =+EMR 0YQMRERGIWMKREPKEMR zXS
 '+EMR 'LVSQMRERGIWMKREPKEMR zXS
 ,YI(IPE] ,YIHIPE] zXS
 &PEGO0IZIP &PEGOPIZIP zXS

8SVIXYVREHNYWXQIRXZEPYIWXSXLIMVHIJEYPXW
4VIWW?9RMX]A

%9<1IRY3TIVEXMSRW 
7XEXYW1IRY

8LI7XEXYWQIRYWLS[WXLIJSPPS[MRKMRJSVQEXMSR
e 3TIVEXMRKWXEXYWSJXLI(1)

:MI[MRKXLI(1)STIVEXMRKWXEXYW
8SZMI[XLI(1)STIVEXMRKWXEXYWTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR
?78%87AMRXLIQIRYGSRXVSPFPSGO
8LMWWIPIGXW:*u(1)7XEXYWvERHXLI7XEXYWQIRYETTIEVW

(1)WXEXYWHMWTPE]

*SVIEGL(1)GLERRIP]SYGERWIILS[XLI(1)MWFIMRKYWIHMRXLI
GSVVIWTSRHMRKSTIVEXMSRFPSGO
8LIHMWTPE]FEGOKVSYRHGSPSVEPWSMRHMGEXIWXLIJSPPS[MRKHMJJIVIRGIWMRXLI
[E]MR[LMGLE(1)MWFIMRKYWIH
&PYI8LI(1)MWGYVVIRXP]FIMRKYWIHMRSXLIVXLERXLIJMREPTVSKVEQSYXTYX
6IH8LI(1)MWGYVVIRXP]FIMRKYWIHMRXLIJMREPTVSKVEQSYXTYX

 7XEXYW1IRY
6SYXIV'SRXVSP1IRY3TIVEXMSRW

9WMRKXLI6SYXIV"6SYXIV'SRXVSP"6SYXIV'SRXVSPQIRY]SYGERGEVV]SYX
VSYXIVW[MXGLMRKSTIVEXMSRW

'LIGOMRKXLI0MWXSJ-RTYXWJSV)EGL(IWXMREXMSR
=SYGERGLIGOXLIPMWXSJWMKREPWGYVVIRXP]MRTYXJSVIEGLHIWXMREXMSR

-RXLIQIRYGSRXVSPFPSGOTVIWWXLIXSTQIRYWIPIGXMSRFYXXSR?686AXLIR
WIPIGX:*u6SYXIV'SRXVSPvERH,*u6SYXIV'SRXVSPv

8LIJSPPS[MRKQIRYETTIEVWERHXLIPIJXWMHISJXLIWXEXYWEVIEWLS[WE
PMWXJSVHIWXMREXMSREWWMKRQIRXW

-JMRXLI%WWMKR"6861SHI7IXXMRKQIRY?-RLMFMXAMWWIXXS3RJSVE
HIWXMREXMSRXLIGSVVIWTSRHMRKPMRIETTIEVWMRKVE]%PWSMJ?4638A TVSXIGX 
MWWIXXS32JSVEWSYVGIYWMRKE&/76\\\SV6\\\WIVMIW6SYXIVVIQSXI
GSRXVSPETEHPSGOMGSRETTIEVW
8LIVMKLXWMHISJXLIWXEXYWEVIEWLS[WXLIPIZIPEWWMKRQIRXWXEXYWXSXLI0IZIP
XS0IZIPFYXXSRW

7IPIGXMRKXLIPIZIP
-RXLI0IZIP&YXXSR2SKVSYTEXXLIPS[IVVMKLXMRXLIEFSZIMPPYWXVEXMSRTVIWW
XLIWIPIGXIHPIZIPJSVW[MXGLMRK

6SYXIV'SRXVSP1IRY3TIVEXMSRW 
7[MXGLMRKXLI7SYVGIJSV)EGL(IWXMREXMSR
=SYGERW[MXGLXLIWSYVGIJSVIEGLHIWXMREXMSR[MXLEQIRYSTIVEXMSR
*SVXLIEWWMKRQIRXSJHIWXMREXMSRWERHWSYVGIWXSFYXXSRWYWIXLI7IXYT
"4ERIP"%Y\%WWMKR"6861SHI7IXXMRKQIRY*SVHIXEMPWVIJIVXSw9WMRK
XLI%Y\MPMEV]&YW'SRXVSP&PSGOJSV6SYXIV'SRXVSPxMR'LETXIV :SPYQI 

4VIWW?'LERKI<TXA
8LI6SYXIV"6SYXIV'SRXVSP"6SYXIV'SRXVSP"'LERKI<TXQIRYETTIEVW
(IWXMREXMSR7IPIGXFYXXSRWETTIEVMRKVSYTWSJ
7SYVGI7IPIGXFYXXSRWETTIEVF]KVSYT QE\MQYQFYXXSRW 

4VIWWSRISJXLI(IWXMREXMSR7IPIGXFYXXSRWXSWIPIGXXLIHIWXMREXMSRJSV
[LMGL]SY[ERXXSW[MXGLXLIWSYVGI

8SGLERKIXLIKVSYT
4VIWWSRISJXLI?A?A?AERH?AFYXXSRW

4VIWWSRISJXLI7SYVGI7IPIGXFYXXSRWXSWIPIGXXLIWSYVGI]SY[ERXXS
W[MXGL

8SGLERKIXLIKVSYT
4VIWWSRISJXLI?A?A?AERH?AFYXXSRW

 6SYXIV'SRXVSP1IRY3TIVEXMSRW
:MHIS4VSGIWW

8LIXIVQwZMHISTVSGIWWxMWETTPMIHXSEHNYWXQIRXWXSXLIPYQMRERGIERHLYI
SJXLIMRTYXZMHISWMKREP
8LIVIEVIX[SX]TIWSJEHNYWXQIRXHITIRHMRKSRXLIETTPMGEXMSR
e %HNYWXQIRXSJERMRHMZMHYEPTVMQEV]MRTYXWMKREP
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[ERXXSQEOIXLIWIXXMRK

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 0YQMRERGI 0YQMRERGI zXS
 7EXYVEXMSR 7EXYVEXMSR XS
 ,YI(IPE] ,YIHIPE] zXS

8SVIXYVRXLITEVEQIXIVWIXXMRKWXSXLIMVHIJEYPXZEPYIW
-RXLI 7IGSRHEV]''6"KVSYTTVIWW?9RMX]A

1EWOMRKETEVXSJXLIWIGSRHEV]GSPSVGSVVIGXMSR
-RXLI 7IGSRHEV]1EWO"KVSYTTVIWW?1EWOASV?1EWOAXYVRMRKMXSRXLIR
GEVV]SYXXLIWEQISTIVEXMSREWHIWGVMFIHYRHIVw1EWOMRKETEVXSJXLITVMQEV]
GSPSVGSVVIGXMSRx TEKI 

6+&'PMT3TIVEXMSRW
*SVIEGLSJXLI6+ERH&WMKREPW]SYGERQEOIHEVOGPMTERH[LMXIGPMT
EHNYWXQIRXW

1EOMRK6+&GPMTEHNYWXQIRXW
-RXLI''6QIRYTVIWW:*u''6vERH,*u6+&'PMTv
8LI6+&'PMTQIRYETTIEVW

-RXLI 6+&'PMT"KVSYTTVIWW?6+&'PMTAXYVRMRKMXSR

'SPSV'SVVIGXSV*YRGXMSRW 
-RXLI 6+&'PMT%HNYWX"KVSYTWIPIGXXLIMXIQ]SY[ERXXSEHNYWX
(EVOHEVOGPMTEHNYWXQIRX
;LMXI[LMXIGPMTEHNYWXQIRX

%HNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 6IH 6IHWMKREPEHNYWXQIRX zXSE
zXSF
 +VIIR +VIIRWMKREPEHNYWXQIRX zXSE
zXSF
 &PYI &PYIWMKREPEHNYWXQIRX zXSE
zXSF
 %PP 7MQYPXERISYW6+&EHNYWXQIRX 6IHZEPYIMWWLS[R

E ;LIR(EVOMWWIPIGXIH
F ;LIR;LMXIMWWIPIGXIH

8SVIXYVRXLITEVEQIXIVWXSXLIMVHIJEYPXWIXXMRKW
-RXLI 6+&'PMT"KVSYTTVIWW?9RMX]A

0YQMRERGI4VSGIWWMRK3TIVEXMSRW
%JXIVGSRZIVXMRKEWMKREPXS[LMGL6+&GSPSVGSVVIGXMSRLEWFIIRETTPMIHXSE
=9:WMKREPHMZMHIXLIPYQMRERGIPIZIPWMRXSXLVIIVIKMSRWVIJIVVIHXSEW(EVO
1MHHPIERH&VMKLXERHETTP]ZMHISWMKREPEHNYWXQIRXWXSXLIWIVIKMSRW

9RHIV(EVOTSMRX 1MHHPI(EVOTSMRX &VMKLX1MHHPITSMRX 3ZIV&VMKLXTSMRX

(EVO 1MHHPI &VMKLX


-RTYXWMKREP
PYQMRERGIPIZIP

8LIVIEVIXLVIIQSHIWJSVPYQMRERGITVSGIWWMRKEWJSPPS[W
8MRXQSHIEHHMRKEWTIGMJMIHGSPSVXSXLISVMKMREPZMHISWMKREP
'SPSV1SHMJ]QSHIEHNYWXMRKXLISVMKMREPZMHISWMKREP
=1SHMJ]QSHIEHNYWXMRKXLISYXTYXPIZIPWSJXLIMRTYXPYQMRERGIWMKREP
e ;LMXIFEPERGIEHNYWXQIRXWIXXMRKXLISYXTYXPIZIPJSVERMRTYX
PYQMRERGIWMKREPEXXLI PIZIP
e &PEGOFEPERGIEHNYWXQIRXWIXXMRKXLISYXTYXPIZIPJSVERMRTYX
PYQMRERGIWMKREPEXXLI PIZIP

 'SPSV'SVVIGXSV*YRGXMSRW
e =PMJXGSVVIGXMSREHNYWXMRKXLIGYVZEXYVISJXLIGYVZI
e =HEVOGSVVIGXMSREHNYWXMRKXLITSWMXMSRSJXLIQE\MQYQTSMRXSJXLI
GYVZI

3YXTYXWMKREP
PYQMRERGIPIZIP 3YXTYXWMKREPPYQMRERGIPIZIP
;LMXIFEPERGIEHNYWXQIRX

=0MJX

-RTYXWMKREP -RTYXWMKREP
PYQMRERGI =(EVO PYQMRERGI
PIZIP PIZIP

&PEGOFEPERGIEHNYWXQIRX
9REHNYWXIHWMKREP

%HNYWXIHWMKREP

-XMWEPWSTSWWMFPIXSQEWOTEVXSJXLIVIKMSRXSFIGSVVIGXIH

%TTP]MRKPYQMRERGITVSGIWWMRK
-RXLI''6QIRYTVIWW:*u''6vERH,*u0YQMRERGI4VSGIWWv
8LI0YQMRERGI4VSGIWWQIRYETTIEVW

-RXLI 0YQMRERGI4VSGIWW"KVSYTTVIWW?0YQMRERGI4VSGIWWAXYVRMRKMX
SR

-RXLI 1SHI"KVSYTWTIGMJ]XLIEHNYWXQIRXQSHI
8MRXEHHEWTIGMJMIHGSPSVXSXLISVMKMREPZMHISWMKREP
'SPSV1SHMJ]EHNYWXXLISVMKMREPZMHISWMKREP
=1SHMJ]EHNYWXXLISYXTYXPIZIPWSJXLIMRTYXPYQMRERGIWMKREP

;LIRXMRXQSHISVGSPSVQSHMJ]QSHIMWWIPIGXIHWOMTXSWXIT
;LIR=QSHMJ]QSHIMWWIPIGXIHEHNYWXXLIJSPPS[MRKTEVEQIXIVW

/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW


 ;LMXI ;LMXIFEPERGIEHNYWXQIRX XS
 &PEGO &PEGOFEPERGIEHNYWXQIRX zXS

'SPSV'SVVIGXSV*YRGXMSRW 
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 =0MJX 'YVZEXYVISJGYVZI zXS
 =(EVO 4SWMXMSRSJQE\MQYQTSMRXSJ zXS
GYVZI

-RXLI &SYRH"KVSYTQEOIXLIWIXXMRKWJSVXLIXLVIIVIKMSRW (EVO


1MHHPIERH&VMKLX 

e ?0IZIPATEVEQIXIVWWIXXLIFSYRHEVMIWSJXLIXLVIIVIKMSRW
/RSF 4EVEQIXIV %HNYWXQIRX 7IXXMRKZEPYIW
 3ZIV&0IZIP 0YQMRERGIPIZIPSJXLI3ZIV XS
&VMKLXTSMRX
 1MH&0IZIP 0YQMRERGIPIZIPSJXLI&VMKLX XS
1MHHPITSMRX
 (EVO1MH 0YQMRERGIPIZIPSJXLI1MHHPI zXS
0IZIP (EVOTSMRX
 9RHIV( 0YQMRERGIPIZIPSJXLI9RHIV zXS
0IZIP (EVOTSMRX<