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40 DNCEMCVTCOGPVK\GF RQNKUJGFYKVJOWNVKEQORQPGPVITKRU
40 EJTQOGRNCVGF YKVJOWNVKEQORQPGPVITKRU
40 EJTQOGRNCVGF
KPUWNCVGFYKVJOWNVKEQORQPGPVITKRU8&'VGUVGF
40 EJTQOGRNCVGF YKVJFKRRGFKPUWNCVKQP8&'VGUVGF
'NCUVKEVKRUFKOGPUKQPCNN[UVCDNGGXGPYJGPVYKUVGF
2'4('%65170&(41/6*'4'%14&5
&KUEGTPKPI OWUKE NQXGTU UYGCT D[ XKP[NDGECWUG GXGP VQFC[ VJG CEQWUVKE RCVVGTPQHTGCNXKP[NTGEQTFUECPPQVDGDGCVGP#UOCUVGTRKGEGUQHVJGCTVQHGPIKPGGTKPIOQFGTPTGEQTFRNC[GTUCPFUQWPFU[UVGOUVTCPUHQTOVJGPGGFNGKPVQCPKORTGUUKXGUQWPF1WT -0+2':+PUWNCVKQP 5VTKRRGTU OCMG CEQPVTKDWVKQPJGTGD[RTGRCTKPIVJGFGNKECVGYKTGVJCVEQPPGEVUVJGRNC[GTCPFNQWFURGCMGT HQT RTGEKUG ETKORKPI 5Q CNVJQWIJ-0+2':RNKGTUFQPQVOCMGOWUKEVJG[ECPUGVVJGVQPG
%CDNGU CPF YKTGU OWUV DG RTGEKUGN[UVTKRRGF HQT C YKFG TCPIG QH CRRNKECVKQPU -0+2':9KTG 5VTKRRGTU CPF&KUOCPVNKPI 6QQNU GPUWTG VJCV VJKUVCMGURNCEGUWEEGUUHWNN[
+PUWNCVKQP5VTKRRGTU 'NGEVTQPKEU9KTG5VTKRRKPI5JGCTU 'NGEVTQPKEU9KTG5VTKRRGT &KCIQPCN+PUWNCVKQP5VTKRRGTU 2TGEKUKQP+PUWNCVKQP5VTKRRGTU +PUWNCVKQP5VTKRRGTUYKVJCFCRVGFDNCFGU /WNVK5VTKR 5GNH#FLWUVKPI+PUWNCVKQP5VTKRRGTU #WVQOCVKE+PUWNCVKQP5VTKRRGT #WVQOCVKE+PUWNCVKQP5VTKRRGTHQTCVECDNG /KPK5VTKRRKPI6QQN 9KTG5VTKRRGTHQTDTGQRVKEU 5VTKRRKPI6QQNHQTDTGQRVKEU 5VTKRRKPI6YGG\GTUHQTEQCVGFYKTG +PUWNCVKQP5VTKRRGTU
&KUOCPVNKPI6QQNU 5VTKRRKPI6QQNHQTEQCZECDNGU &KUOCPVNKPI6QQNHQTCVCPFTQWPFECDNGU &KUOCPVNKPI6QQNHQTFCVCECDNGU 7PKXGTUCN&KUOCPVNKPI6QQNU 7PKXGTUCN&KUOCPVNKPI6QQNHQTDWKNFKPICPFKPFWUVTKCNECDNGU
9KTG5VTKRRGTU&KUOCPVNKPI6QQNU
9+4'564+22'45
+PUWNCVKQP5VTKRRGTU
HQTUKPINGOWNVKRNGCPFHKPGUVTCPFGFEQPFWEVQTUYKVJRNCUVKEQTTWDDGTKPUWNCVKQPOCZOOFKCQTTGUROOECDNGETQUUUGEVKQP
GCU[CFLWUVOGPVVQVJGTGSWKTGFFKCOGVGTQHUQNKFQTUVTCPFGFYKTGYKVJMPWTNGFUETGYCPFNQEMPWV
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
5VTKRRKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU OO OO #9) I
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF DNCEMCVTCOGPVK\GF RQNKUJGF YKVJOWNVKEQORQPGPVITKRU EJTQOGRNCVGF YKVJOWNVKEQORQPGPVITKRU
EJTQOGRNCVGF KPUWNCVGFYKVJOWNVKEQORQPGPVITKRU
8&'VGUVGF
EJTQOGRNCVGF YKVJFKRRGFKPUWNCVKQP8&'VGUVGF DNCEMCVTCOGPVK\GF RQNKUJGF YKVJOWNVKEQORQPGPVITKRU EJTQOGRNCVGF YKVJFKRRGFKPUWNCVKQP8&'VGUVGF
'NGEVTQPKEU9KTG5VTKRRKPI5JGCTU
HQTEWVVKPICPFUVTKRRKPIUKPINGOWNVKRNGCPFHKPGUVTCPFGFEQPFWEVQTUYKVJFKCOGVGTUWRVQOO
GCU[CFLWUVOGPVVQVJGTGSWKTGFFKCOGVGTQHUQNKFQTUVTCPFGFYKTGYKVJMPWTNGFUETGYCPFNQEMPWV
YKVJQRGPKPIURTKPI 5RGEKCNVQQNUVGGNQKNJCTFGPGF
#TVKENG0Q'#0 OO *GCF *CPFNGU
5VTKRRKPIECRCEKVKGUOO I
RQNKUJGF YKVJOWNVKEQORQPGPVITKRU
GNQPICVGFEWVVKPIGFIG
KORTQXGFVTCPUOKUUKQPTCVKQ
9KVJGNQPICVGFEWVVKPIGFIG+ORTQXGFVTCPUOKUUKQPTCVKQHQTOQTGEWVVKPIRGTHQTOCPEG
9+4'564+22'45
'NGEVTQPKEU9KTG5VTKRRGT
HQTUKPINGOWNVKRNGCPFHKPGUVTCPFGFECDNGUJCXKPICFKCOGVGTHTQOWRVQOOYKVJRNCUVKEQTTWDDGTKPUWNCVKQP
GCU[CFLWUVOGPVVQVJGTGSWKTGFFKCOGVGTQHUQNKFQTUVTCPFGFYKTGYKVJMPWTNGFUETGYCPFNQEMPWV
YKVJQRGPKPIURTKPI VJGOKTTQTRQNKUJVQIGVJGTYKVJCHKPGHKNOQHQKNQHHGTGHHGEVKXGTWUVRTQVGEVKQPPQEKTEWKVHCWNVUECWUGFD[RGGNKPIEJTQOGHTQORNCVGFVQQNU
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
#TVKENG0Q'#0 OO *GCF *CPFNGU
5VTKRRKPIECRCEKVKGUOO I
OKTTQTRQNKUJGF YKVJOWNVKEQORQPGPVITKRU
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU
5VTKRRKPIECRCEKVKGUOO #9) OO OO I
DNCEMCVTCOGPVK\GF RQNKUJGF YKVJOWNVKEQORQPGPVITKRU
EJTQOGRNCVGF YKVJOWNVKEQORQPGPVITKRU
EJTQOGRNCVGF KPUWNCVGFYKVJOWNVKEQORQPGPVITKRU8&'VGUVGF
&KCIQPCN+PUWNCVKQP5VTKRRGTU
RTGEKUKQPUVTKRRKPIJQNGUHQTUKPINGEQPFWEVQTUQHCPFOO EQPXGPKGPVEWVVKPIQH0;/ECDNGUWRVQZOO NQPIVKRUHQTWNVTCHKPGEWVVKPIYQTMCNUQKPEQPHKPGFCTGCU KPFWEVKQPJCTFGPGFRTGEKUKQPDNCFGUEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
8CPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF
9+4'564+22'45
/CZKOWOECDNGETQUUUGEVKQPKPOORGTRTQHKNG
2TGEKUKQP+PUWNCVKQP5VTKRRGTUYKVJCFCRVGFDNCFGU
2TGEKUGN[CPFTGNKCDN[
6YQRCKTUQHDNCFGUEWVVJGKPUWNCVKQPVQCEQORNGVGGZVGPV6JGPVJGDNCFGRCKTUOQXGCRCTVCPFVJWUVJGKPUWNCVKQPKUTGOQXGFHQTOHKV6JGRNKGTUQRGPCWVQOCVKECNN[CHVGTVJGUVTKRRKPIRTQEGFWTG
HQTOHKVUVTKRRKPICNUQQHFKHHKEWNVVQTGOQXGKPUWNCVKPIOCVGTKCNUOCFGQH26('UKNKEQPG4CFQZ-CRVQPCPFTWDDGTOWNVKNC[GTVQQ
CUGEQPFRCKTQHDNCFGUJQNFUVJGTGOCKPKPIKPUWNCVKQPTGNKCDN[KPRNCEG
TGRNCEGCDNGUJCRGFDNCFGCFCRVGFRTGEKUGN[VQVJGTGURGEVKXGEQPFWEVQTETQUUUGEVKQP
YKVJNGPIVJUVQRHQTEQPUVCPVUVTKRRKPINGPIVJFWTKPITGRGVKVKXGYQTM 2NKGTUDQF[UVGGN $NCFGURGEKCNVQQNUVGGNQKNJCTFGPGF
YKVJCFFKVKQPCNECDNGIWKFGHQTGZCEVRQUKVKQPKPIQHVJGECDNGKPVJGUVTKRRKPICTGCQHVJGDNCFG
HQTUQNCTECDNGUURGEKCNN[CFCRVGFVQOWNVKNC[GTGFCPF4#&1:KPUWNCVKQPUYKVJCFFKVKQPCNECDNGUWRRQTVHQTCDGVVGTEGPVTKPIQHOWNVKNC[GTKPUWNCVGFEQPFWEVQTUKPVJGUVTKRRKPIRTQHKNGU
URGEKCNN[HQTECDNGUCEEQTFKPIVQ75URGEKHKECVKQPU#9)
YKVJECDNGIWKFGCPFNGPIVJUVQR 2TGEKUGEWVVKPIQHVJGKPUWNCVKQPVQCEQORNGVGGZVGPV
2QUKVKXGUVTKRRKPIVJCPMUVQRTGEKUGUJCRGQHVJGDNCFGU
4CFQZKUCTGIKUVGTGFVTCFGOCTMQH*WDGT5WJPGT#)-CRVQPKUCTGIKUVGTGFVTCFGOCTMQH'+FW2QPVFG0GOQWTUCPF%QORCP[
9+4'564+22'45
#TVKENG0Q'#0 OO 2NKGTU *CPFNGU
5VTKRRKPIECRCEKVKGUOO #9) I
DWTPKUJGF YKVJOWNVKEQORQPGPVITKRU
DWTPKUJGF YKVJOWNVKEQORQPGPVITKRU
DWTPKUJGF YKVJOWNVKEQORQPGPVITKRU
UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT UGVQHURCTGDNCFGUHQT
2TKPEKRNGQHQRGTCVKQPYKVJCFCRVGFDNCFGU
2TQRGTN[CPFRTGEKUGUVTKRRKPIYKVJCPCPPWNCTEWVVJTQWIJVJGEQORNGVGKPUWNCVKQP6JKUKURCTVKEWNCTN[KORQTVCPVYKVJEQPFWEVQTUYJKEJOWUVDGUVTKRRGFRTGEKUGN[
6JKUYQTMUYKVJQWVCP[RTQDNGOGXGPYKVJFKHKEWNVKPUWNCVKPIOCVGTKCNUOCFGQH26('4CFQZCPFOWNVKNC[GTKPUWNCVKQPU
4CFQZKUCTGIKUVGTGFVTCFGOCTMQH*WDGT5WJPGT#)-CRVQPKUCTGIKUVGTGFVTCFGOCTMQH'+FW2QPVFG0GOQWTUCPF%QORCP[
+PUWNCVKQP5VTKRRGTUYKVJUJCRGFDNCFGU
YKVJTGRNCEGCDNGDNCFGUHQTQTFKHHGTGPVEQPFWEVQTETQUUUGEVKQPU NGCXGYKTGWPFCOCIGFVJCPMUVQRTGEKUKQPITQWPFDNCFGUJCRGUGXGPOWNVKUVTCPFGFEQPFWEVQTUCTGUVTKRRGFIGPVN[
FWTKPIUVTKRRKPIVJGYKTGKUJGNFHKTON[D[ENCORKPILCYU YKVJNGPIVJUVQRHQTEQPUVCPVUVTKRRKPINGPIVJFWTKPITGRGVKVKXGYQTM CURTKPINGCFUVJGUVTKRRGTDCEMVQVJGUVCTVKPIRQUKVKQP 2NKGTUDQF[CNWOKPKWO $NCFGURGEKCNVQQNUVGGNQKNJCTFGPGF
5VTKRRKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *CPFNGU OO OO #9) I
DNCEMNCESWGTGF YKVJRNCUVKEITKRU
RCKTQHURCTGDNCFGUHQT RCKTQHURCTGDNCFGUHQT
YKTGFKCOGVGTKPOO YKTGETQUUUGEVKQPUKPOO
9+4'564+22'45
-0+2':/WNVK5VTKR#WVQOCVKE+PUWNCVKQP5VTKRRGT
HWNN[CWVQOCVKECFLWUVOGPVVQCNNUKPINGOWNVKCPFHKPGUVTCPFGFEQPFWEVQTUYKVJ28%KPUWNCVKQPCPFCPWODGTQHURGEKCNKPUWNCVKQPVJTQWIJQWVVJGGPVKTGECRCEKV[TCPIGHTQOVQOO
PQOCPWCNHKPGCFLWUVOGPVTGSWKTGFPQFCOCIGVQVJGEQPFWEVQTU VJGENCORKPILCYUOCFGQHUVGGNJQNFVJGECDNGKPCYC[VJCVRTGXGPVUUNKRRKPIYKVJQWVFCOCIKPIVJGTGOCKPKPIKPUWNCVKQP
YKVJTGEGUUGFYKTGEWVVGTHQTEQRRGTCPFCNWOKPKWOEQPFWEVQTUOWNVKUVTCPFGFWRVQOOCPFUKPINGUVTCPFGFWRVQOO
RCTVKEWNCTN[UOQQVJTWPPKPIOGEJCPKEUCPFXGT[NQYYGKIJV TGRNCEGCDNGDNCFGUDNQEMCPFNGPIVJUVQR JCPFNGYKVJUQHVRNCUVKE\QPGHQTCUVGCF[ITKR $QF[RNCUVKEHKDTGINCUUTGKPHQTEGF $NCFGURGEKCNVQQNUVGGNQKNJCTFGPGF
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO #9) I
5RCTGDNCFGUDNQEMHQT 5RCTGNGPIVJUVQRHQT
/QFGQHQRGTCVKQPQHUVTCKIJVEWVVGTU#PKPEKUKQPKUOCFGKPVJGTGFCTGCQPN[
0QVUWKVCDNGHQTJKIJN[HNGZKDNGQTCTOQWTGFKPUWNCVKQPOCVGTKCNUQTHQTOWNVKNC[GTGFKPUWNCVKQP
564#+)*6$.#&'
2CVGPVGFOGEJCPKEU6JGKPEKUKQPFGRVJQHVJGUVTKRRKPIDNCFGCFLWUVUHWNN[CWVQOCVKECNN[VQVJGFKCOGVGTQHVJGYKTGCPFCEEQTFKPIN[CNUQVQVJGVJKEMPGUUQHCNNUVCPFCTFKPUWNCVKPIOCVGTKCNU6JGTGKUPQPGGFHQTCP[OCPWCNCFLWUVOGPVYJKEJKUUVKNNPGEGUUCT[YJGPQVJGTEQPXGPVKQPCNRNKGTUYKVJCYKFGYKTGUVTKRRKPITCPIGCTGWUGF
9KTGEWVVGTHQTOWNVKRNGUVTCPFGFYKTGECDNGUWRVQOO
5VGGNENCORKPILCYUCXQKFUMKFFKPIQHVJGECDNG
OO
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5VTKRRKPIYKVJQWVTGCFLWUVOGPVHTQOVQOO+ORTQXGFMPKHGIGQOGVT[sTQDWUVCPFOQTGFWTCDNG1RVKOKUGFJCPFNGFGUKIPYKVJOQTGEQOHQTV4GEGUUGFYKTGEWVVGT
2TGEKUGUVTKRRKPIHTQOVQOOYKVJQWVTGCFLWUVOGPV
9+4'564+22'45
5GNH#FLWUVKPI+PUWNCVKQP5VTKRRGTU
HQTUKPINGOWNVKRNGCPFHKPGUVTCPFGFEQPFWEVQTUYKVJRNCUVKEQTTWDDGTKPUWNCVKQP
CFCRVUCWVQOCVKECNN[VQVJGTGURGEVKXGECDNGETQUUUGEVKQPRTGXGPVUFCOCIGVQVJGEQPFWEVQT
EWVVKPIFGRVJECPDGCFLWUVGFHQTFKHHGTGPVKPUWNCVKQPOCVGTKCNU YKVJYKTGEWVVGTHQTEQRRGTCPFCNWOKPKWOYKTGUOWNVKRNGUVTCPFGFWRVQOOCPFUKPINGUVTCPFGFWRVQOO
UOQQVJN[QRGTCVKPIOGEJCPKUO UVTKRRKPIDNCFGUCPFENCORKPILCYUGCUKN[TGRNCEGCDNG NQYYGKIJV $QF[RNCUVKEHKDTGINCUUTGKPHQTEGF $NCFGURGEKCNVQQNUVGGNQKNJCTFGPGF
HQTVJKPTKDDQPECDNGUWRVQOOYKFVJKPCUKPINGRCUU
#FLWUVCDNGNGPIVJUVQR 2TGEKUGUVTKRRKPIRTGXGPVUFCOCIGVQVJGEQPFWEVQT
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO #9)
.GPIVJUVQROO I
RCKTQHURCTGDNCFGUHQT RCKTQHURCTGENCORKPILCYUHQT 5RCTGNGPIVJUVQRHQT RCKTQHURCTGDNCFGUHQT RCKTQHURCTGENCORKPILCYUHQT
#WVQOCVKE+PUWNCVKQP5VTKRRGT
EQORCEVUVCPFCTFVQQNCVCHCXQWTCDNGRTKEGHQTCNNEWTTGPVECDNGETQUUUGEVKQPUCPFKPUWNCVKPIOCVGTKCNU
HQTUKPINGOWNVKRNGCPFHKPGUVTCPFGFECDNGUQHWRVQOOYKVJUVCPFCTFKPUWNCVKQP
CFCRVUCWVQOCVKECNN[VQVJGTGURGEVKXGECDNGETQUUUGEVKQPRTGXGPVUFCOCIGVQVJGEQPFWEVQT
JKIJQRGTCVKQPEQOHQTVVJCPMUVQJCPF[UJCRGCPFNQYYGKIJV PCTTQYJGCFUV[NGHQTWUGKPEQPHKPGFCTGCU YKVJYKTGEWVVGTHQTEQRRGTCPFCNWOKPKWOYKTGUWRVQOO YKVJCFLWUVCDNGNGPIVJUVQRHTQOOOHQTEWVVKPIVJGUCOGUVTKRRKPINGPIVJUFWTKPITGRGVKVKXGYQTM
$QF[RNCUVKEHKDTGINCUUTGKPHQTEGF $NCFGUURGEKCNVQQNUVGGNQKNJCTFGPGFKPVGTEJCPIGCDNG
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO #9) I
RCKTQHURCTGDNCFGUHQT 5RCTGNGPIVJUVQRHQT
9+4'564+22'45
#WVQOCVKE+PUWNCVKQP5VTKRRGTHQTHNCVECDNG
HQT28%KPUWNCVGFHNCVECDNGUWRVQCOCZOOYKFVJCPFVQOO
CFCRVUCWVQOCVKECNN[VQVJGXCTKQWUEQPFWEVQTJGKIJVURTGXGPVUFCOCIGVQVJGEQPFWEVQT
NQPIUVTKRRKPINGPIVJURQUUKDNG DNCFGTGRNCEGCDNG UOQQVJN[QRGTCVKPIOGEJCPKUO NQYYGKIJV $QF[RNCUVKEHKDTGINCUUTGKPHQTEGF $NCFGURGEKCNVQQNUVGGNQKNJCTFGPGF
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO #9) I
/KPK5VTKRRKPI6QQN
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RTGEKUGUVTKRRKPIUVGRYKUGCFLWUVOGPVVQVJGEQPFWEVQTFKCOGVGTU YKVJYKTGEWVVGT CFLWUVCDNGNGPIVJUVQRHTQOOO YKVJNQEMKPIFGXKEG *QWUKPIRNCUVKEKORCEVRTQQH
5$HQTVJKPEQRRGTEQPFWEVQTUFKCVQOO
5$HQTVJKPEQRRGTEQPFWEVQTUFKCVQOO
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO #9) I
5$ 5$
9KTG5VTKRRGTHQTHKDTGQRVKEU
5$
VQTGOQXGRTKOCT[CPFUGEQPFCT[EQCVKPIQHHKDTGQRVKEU
%JTQOGXCPCFKWOGNGEVTKEUVGGNKPURGEKCNSWCNKV[QKNJCTFGPGF
#TVKENG0Q'#0 OO 2NKGTU *CPFNGU
5VTKRRKPIECRCEKVKGUOO I
5$ DWTPKUJGF YKVJRNCUVKEITKRU RTKOCT[EQCVKPIOOUGEQPFCT[EQCVKPIOO
9+4'564+22'45
5VTKRRKPI6QQNHQTHKDTGQRVKEU
5$
VQTGOQXGRTKOCT[EQCVKPIQHHKDTGQRVKEUOO DNCFGFKCOOJQNGHQTECDNGHGGFKPIOOFKC CFLWUVCDNGNGPIVJUVQR *QWUKPIRNCUVKEKORCEVRTQQH
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO I
5$ RTKOCT[EQCVKPIOO
5VTKRRKPI6YGG\GTUHQT%QCVGF9KTG
HQTUVTKRRKPIQHHXCTPKUJGFKPUWNCVKQPQPEQRRGTYKTGU
DNCFGUHQTQVJGTYKTGFKCOGVGTUCXCKNCDNGCUURCTGRCTVU
6YGG\GTUDQF[URTKPIUVGGNQKNJCTFGPGF
*CPFNGUJGNNURNCUVKE
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO I
RCKTQHURCTGDNCFGUHQTOO RCKTQHURCTGDNCFGUHQTOO RCKTQHURCTGDNCFGUHQTOO RCKTQHURCTGDNCFGUHQTOO
+PUWNCVKQP5VTKRRGTU
HQTUVTKRRKPIVJKPECDNGU CEEWTCVGDQTKPIVQOCVEJFKCOGVGTQHYKTGRTGEKUGUVTKRRKPIRTKUOPQPCFLWUVCDNG
YKVJQRGPKPIURTKPI %JTQOGXCPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF
#TVKENG0Q'#0 OO *GCF *CPFNGU
5VTKRRKPIECRCEKVKGUOO I
RQNKUJGF RNCUVKEEQCVGF
&+5/#06.+0)611.5
&KUOCPVNKPI6QQNU
5$
5$
HQTUVTKRRKPICNNEQOOQPTQWPFECDNGU
UGNHVKIJVGPKPIJQNFKPINGXGT YKVJCFLWUVKPIUETGYHQTEWVVKPIFGRVJCFLWUVOGPV
VWTPCDNGDNCFGHQTEKTEWNCTCPFNQPIKVWFKPCNEWVVKPI
URCTGDNCFGKPUKFGVJGJCPFNG
UGEWTGITKRFWGVQUQHVEQORQPGPVOCVGTKCNQPJCPFNGCPFJQNFKPINGXGTVQCXQKFUNKRRKPI
*QWUKPIRNCUVKEKORCEVRTQQH
5$YKVJMPKHGCPFJQQMDNCFGRTQVGEVKXGECRKPENWFGF
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO I
5$ 5$ 5$
5RCTGDNCFGHQT5$5$5$
&KUOCPVNKPI6QQN
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HQTFKUOCPVNKPITQWPFECDNGUJGCVJUOCFGQH28%TWDDGTUKNKEQPGQT26('HTQOOOFKC
UGNHVKIJVGPKPIJQNFKPINGXGT YKVJMPWTNGFPWVHQTEWVVKPIFGRVJCFLWUVOGPV
EJCPIKPIHTQOEKTEWNCTVQNQPIKVWFKPCNEWVVKPID[VWTPKPIVJGVQQNDQF[
URKTCNEWVVKPIHQTTGOQXKPIKPVGTOGFKCVGRKGEGU
TGRNCEGCDNGDNCFG *QWUKPIRNCUVKEKORCEVRTQQH
5GVVKPIVJGVQQNHQTEKTEWNCTEWVVKPI
.QPIKVWFKPCNEWV 5RKTCNEWVVKPI
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO I
5$ 5RCTGDNCFGHQT5$
&+5/#06.+0)611.5
&KUOCPVNKPI6QQN
HQTFKUOCPVNKPITQWPFECDNGUGZEGGFKPIOOFKC TGOQXGUCNNMKPFUQHKPUWNCVKQPNC[GTU UWKVCDNGHQTNQPIKVWFKPCNCPFEKTEWNCTEWVVKPI EWVVKPIFGRVJECPDGCFLWUVGFWRVQOO TGRNCEGCDNGDNCFGDQVJUKFGUECPDGWUGF 6QQNDQF[RNCUVKEHKDTGINCUUTGKPHQTEGF
#FLWUVCDNGEWVVKPIFGRVJ 5GVVKPIVJGVQQNHQTNQPIKVWFKPCNEWV .QPIKVWFKPCNEWV
6WTPKPIVJGVQQNHQTEKTEWOHGTGPVKCNEWV %KTEWNCTEWV
#TVKENG0Q'#0 OO
5VTKRRKPIECRCEKVKGUOO I
5RCTGDNCFGHQT
5VTKRRKPI6QQNHQTEQCZECDNGU
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HQTUVTKRRKPIEQCZECDNGU4)4)CPF4) HQTUVTKRRKPIQWVGTUJGCVJUJKGNFCPFKPUWNCVKQPKPCUKPINGRTQEGUU YKVJVJTGGDWKNVKPDNCFGU VJGEWVVKPIFGRVJQHGCEJDNCFGECPDGCFLWUVGFKPFKXKFWCNN[D[OGCPUQHCJGZCIQPCNMG[#NNGPMG[
VJGDNCFGURCEKPITGOCKPUEQPUVCPV *QWUKPIRNCUVKEKORCEVRTQQH
UVTKRRKPIUVGRUKPQPGQRGTCVKQP&KUOCPVNKPIQHC%QCZECDNGKPVJTGGUVGRU
#TVKENG0Q'#0 OO %CDNGV[RG I
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5VTKRRKPI6QQNHQTEQCZECDNGU
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HQTFKUOCPVNKPICPFUVTKRRKPICNNEQOOQPEQCZECDNGUDGVYGGPOOFKCGIHQT68CPFUCVGNNKVGCPVGPPCCNUQUWKVCDNGHQT28%TQWPFECDNGZOO
YKVJNGPIVJUECNGOO FQWDNGUJGNNHQNFKPIDCEMUVTKRRKPIVQQN YKVJQRGPKPIURTKPICPFNQEMKPIFGXKEG $QF[RNCUVKEHKDTGINCUUTGKPHQTEGF
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2TGEKUKQPCPFFWTCDKNKV[*KIJFGPUKV[URTKPIUVGGNYKVJCUEQTGHTGGUWTHCEGKUWUGFHQTVJGVKRU6JKUKPETGCUGUVJGVKRUTGUKUVCPEGVQF[PCOKECPFUVCVKEUVTCKP6JGVKRUCTGOQTGUVCDNGVJCPEQPXGPVKQPCNRNKGTUYJGPUWDLGEVGFVQQPGQHHQXGTNQCFKPIYJKNGUVKNNCNNQYKPIIQQFCEEGUUKDKNKV[FWTKPICUUGODN[5WDLGEVGFVQF[PCOKEUVTCKPVJGVKRUTGUKUVCPEGECRCEKV[KUWRVQVKOGUITGCVGT6JGVKRUQPVJGRTGEKUKQPEKTENKRRNKGTUCTGPQPFGVCEJCDNG
DQNVGFLQKPVRTGEKUG\GTQDCEMNCUJQRGTCVKQPQHRNKGTU PQPUNKRRNCUVKEEQCVKPIQPVJGJCPFNGU 2NKGTUDQF[EJTQOGXCPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF +PUGTVGFVKRUURTKPIUVGGNYKTGFTCYP,,YKVJQXGTGZRCPUKQPIWCTF
CFLWUVCDNGWUKPIGPFUVQR5V[NG&+0%UVTCKIJVVKRU
5V[NG&+0&CPINGFVKRU5V[NG&+0%UVTCKIJVVKRUYKVJQXGTGZRCPUKQPIWCTF
CFLWUVCDNGWUKPIGPFUVQR
5VWTF[KPUGTVGFVKRUOCFGHTQOJKIJFGPUKV[URTKPIUVGGN
5NKOJGCFUJCRG 6KIJVHKVVJTQWIJEQORTGUUKQP
#TVKENG0Q'#0 OO 5V[NG 2NKGTU *CPFNGU
5K\GQHDQTGOO
6KRUOO I
,
ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
, , , , ,
90 ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
, , , , ,
ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
,
%KTENKR2NKGTU5GVUUGGRCIG
9KVJKPUGTVGFVKRUHQTTGNKCDNGYQTM*GCX[FWV[KPEQPVKPWQWUQRGTCVKQPWRVQVKOGUNQPIGTUGTXKEGNKHGEQORCTGFVQVWTPGFVKRU
-0+2':%KTENKR2NKGTUYKVJQXGTGZRCPUKQPIWCTF(QTVJGUVCPFCTFKUGFHKVVKPIQHEKTENKRUKPVJGKPFWUVTKCNUGTKCNRTQFWEVKQP2CTVKEWNCTN[OCPWHCEVWTGTUQHUGPUKVKXGUCHGV[TGNGXCPVEQORQPGPVUGIDTCMGUQTIGCTUJKIN[CRRTGEKCVGVJGEQORNKCPEGQH&+0CPF6JGOQWPVKPIQHEKTENKRTKPIUKPVJKUECUGTGSWKTGURNKGTUYKVJQXGTGZRCPUKQPIWCTFQTCEQPG-0+2':%KTENKR2NKGTUYKVJQXGTGZRCPUKQPIWCTFOGGVVJGTGSWKTGOGPVUCPFHWTVJGTOQTGQHHGTCUWRGTKQTFWTCDKNKV[
%+4%.+22.+'45
$QNVGFLQKPVJKIJRTGEKUKQPCPFUOQQVJCEVKQP
2TGEKUKQP%KTENKR2NKGTUVQCUUGODNGGZVGTPCNEKTENKRUQPUJCHVU
#
# 90
NCTIGEQPVCEVHCEGUQPVJGVKRUPQFKUVQTVKQPQHEKTENKRUGCU[HKVVKPI DQNVGFLQKPVRTGEKUG\GTQDCEMNCUJQRGTCVKQPQHRNKGTU KPVGTPCNQRGPKPIURTKPIRTQVGEVGFCPFECRVKXG PQPUNKRRNCUVKEEQCVKPIQPVJGJCPFNGU 2NKGTUDQF[EJTQOGXCPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF +PUGTVGFVKRUURTKPIUVGGNYKTGFTCYP
5RTKPIKPUKFGVJGLQKPVVJGURTKPIKURTQVGEVGFKPUKFGVJGRTGEKUGN[DQNVGFLQKPV+VFQGUPQVJKPFGTYQTMCPFECPPQVIGVFKTV[QTNQUV
-0+2':2TGEKUKQP%KTENKR2NKGTUHKVEKTENKRUYKVJQWVFKUVQTVKQPGCU[CPFSWKEMCUUGODNKPI
%QPXGPVKQPCN%KTENKR2NKGTUFKUVQTVKQPQHVJGEKTENKRYJGPYKFGPKPIVJGEKTENKR
####YKVJQXGTGZRCPUKQPIWCTFCFLWUVCDNGWUKPIGPFUVQRCFLWUVOGPVWUKPI#NNGPUETGYKFGCNHQTUGTKGURTQFWEVKQPCUGZEGUUKXGGZRCPUKQPQHTKPIUKUGHHGEVKXGN[RTGXGPVGF
#TVKENG0Q'#0 OO 5V[NG 2NKGTU *CPFNGU
5K\GQHUJCHVOO
6KRUOO I
#
ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
# # # # #
90 ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
# # # # #
ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
# # # 90 ITG[CVTCOGPVK\GF YKVJPQPUNKRRNCUVKEEQCVKPI
#&+0#UVTCKIJVVKRU
5V[NG&+0$CPINGFVKRU
5V[NG&+0#UVTCKIJVVKRUYKVJQXGTGZRCPUKQPIWCTF
5V[NG&+0$CPINGFVKRUYKVJQXGTGZRCPUKQPIWCTF
9KVJKPUGTVGFVKRUHQTTGNKCDNGYQTM*GCX[FWV[KPEQPVKPWQWUQRGTCVKQPWRVQVKOGUNQPIGTUGTXKEGNKHGEQORCTGFVQVWTPGFVKRU
%+4%.+22.+'45
%KTENKR2NKGTUHQTNCTIGKPVGTPCNEKTENKRU
,
HQTCUUGODNKPIEKTENKRUKPVQDQTGUYKVJKPVJGTCPIGQHOO
YKVJNQEMKPIFGXKEGECPDGTGNGCUGF YKVJTGRNCEGCDNGVKRUOCFGQHVGORGTGFUVGGN DNCEMRQYFGTEQCVGF 2NKGTUDQF[TQNNGFUVGGNJKIJUVTGPIVJ 6KRUURGEKCNVQQNUVGGNQKNJCTFGPGF
5V[NG&+0%UVTCKIJVVKRU
5V[NG&+0&CPINGFVKRU
#TVKENG0Q'#0 OO 5V[NG 2NKGTU
5K\GQHDQTGOO
6KRUOO I
, DNCEMRQYFGTEQCVGF
, ,
90 DNCEMRQYFGTEQCVGF
, , RCKTQHURCTGVKRUHQT,, RCKTQHURCTGVKRUHQT,, RCKTQHURCTGVKRUHQT,, RCKTQHURCTGVKRUHQT,
%KTENKR2NKGTUHQTNCTIGGZVGTPCNEKTENKRU
#
HQTCUUGODNKPIEKTENKRUQPUJCHVUYKVJKPVJGTCPIGQHOO
YKVJNQEMKPIFGXKEGECPDGTGNGCUGF YKVJTGRNCEGCDNGVKRUOCFGQHVGORGTGFUVGGN DNCEMRQYFGTEQCVGF 2NKGTUDQF[TQNNGFUVGGNJKIJUVTGPIVJ 6KRUURGEKCNVQQNUVGGNQKNJCTFGPGF
5V[NG&+0#UVTCKIJVVKRU
5V[NG&+0$CPINGFVKRU
#TVKENG0Q'#0 OO 5V[NG 2NKGTU
5K\GQHUJCHVOO
6KRUOO I
# DNCEMRQYFGTEQCVGF
# #
90 DNCEMRQYFGTEQCVGF
# # RCKTQHURCTGVKRUHQT## RCKTQHURCTGVKRUHQT## RCKTQHURCTGVKRUHQT## RCKTQHURCTGVKRUHQT#
%+4%.+22.+'45
%KTENKR6QQNHQTNCTIGKPVGTPCNCPFGZVGTPCNEKTENKRUWRVQOO
WPKXGTUCNN[WUCDNGHQTNCTIGEKTENKRUYKVJFKCOGVGTUQHOO TGNKCDNGQRGPKPICPFENQUKPIQHVJGEKTENKRUCPFJQNFKPID[UGNHNQEMKIRTGEKUKQPURKPFNGFTKXG
HQTHKVVKPICPFTGOQXKPIEKTENKRU EKTENKRUCTGTGNKCDN[ECVEJGFVJCPMUVQUJQTVFKTGEVCVVCEJOGPV TGRNCEGCDNGVKRUJCXKPIYQTMKPIGPFUYKVJFKCOGVGTUQHCPFOOHQTRGTHGEVCFCRVKQPVQVJGJCPFNKPIDQTGUKPVJGEKTENKRU
QRVKQPCNQRGTCVKQPD[JCPFYKVJ#NNGPMG[TCVEJGVYTGPEJQTEQTFNGUUUETGYFTKXGT
CTGCUQHCRRNKECVKQPCTGJGCX[GPIKPGUYJGTGXGT[JKIJHQTEGUCPFVQTSWGUCTGVTCPUOKVVGFYKVJNCTIGUJCHVUCPFDGCTKPIUGIYKPFVWTDKPGUVKFCNRQYGTUVCVKQPUIGPGTCVQTEQPUVTWEVKQPJ[FTQRQYGTUVCVKQPUNCTIGOCEJKPGEQPUVTWEVKQPTQNNKPIOKNNURTGUUGUUJKRDWKNFKPICGTQURCEG
VQQNKPCRNCUVKEECUGYKVJHQCOKPUGTV VKROCVGTKCNEJTQOGXCPCFKWOGNGEVTKEUVGGN
OCPWCNN[QRGTCDNG OCEJKPGQRGTCDNG TGRNCEGCDNGKPUGTVUHQTKPVGTPCNCPFGZVGTPCNEKTENKRU
#TVKENG0Q'#0 OO
5K\GQHDQTGOO
5K\GQHUJCHVOO I
%+4%.+22.+'45
%KTENKR2NKGTUHQTITKRTKPIUQPUJCHVU&+0+51
)
)
HQTHKVVKPIITKRTKPIUQPUJCHVUHTQOOOFKC YKVJQRGPKPIURTKPI UQNKFUV[NGHQTIGF PQPUNKRUQNKFVKRU 2NKGTUDQF[CPFVKRUEJTQOGXCPCFKWOUVGGNHQTIGFQKNJCTFGPGF
)HQTTKPIUQHOOFKCYKVJCFLWUVCDNGUVQRUETGYVQRTGXGPVQXGTUVTGVEJKPI
#TVKENG0Q'#0 OO 5V[NG 2NKGTU *GCF *CPFNGU
5K\GQHUJCHVOO
6KRUOO I
) DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF )
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
) ) )
5RGEKCN4GVCKPKPI4KPI2NKGTUHQTTGVCKPKPITKPIUQPUJCHVU
&+0+51
30
HQTHKVVKPIJQTUGUJQGUJCRGFURTKPITGVCKPKPITKPIUCPFEKTENKRUYKVJQWVITKRJQNGU
HQTUJCHVTGVCKPKPIFGXKEGU YKVJQRGPKPIURTKPI %JTQOGXCPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF
HQTTGVCKPKPITKPIUYKVJCOKPKOWOTKPIURNKVICRQHOO
CPNIGFLCYUYKVJEGPVGTKPIJQNGHQTUPCRTKPIUNCTIGTVJCPOOFKCGIHQTUGEWTKPIECTFCPUJCHVUKPCOQVQTXGJKENGOKPKOWOTKPIURNKVICRQHVJGTKPIUOO
#TVKENG0Q'#0 OO 2NKGTU *CPFNGU I
DWTPKUJGF 30 DWTPKUJGF RNCUVKEEQCVGF
2NKGTUI2N GTU
%+4%.+22.+'45
%KTENKR2NKGTU5GVURCTVU VQQNTQNNOCFGQHJCTFYGCTKPI
RQN[GUVGTHCDTKE YKVJRTCEVKECNCFLWUVCDNGSWKEMTGNGCUGHCUVGPGT
HQWTEQOOQP%KTENKR2NKGTUHQTKPVGTPCNCPFGZVGTPCNEKTENKRU
HQWTEQOOQP2TGEKUKQP%KTENKR2NKGTUHQTJKIJGUVTGSWKTGOGPVU
#TVKENG0Q'#0 5V[NG
5K\GQHDQTGOO
6KRUOO 3WCPVKV[ I
%KTENKR2NKGTU5GVRCTVU , %KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
# 90 , %KTENKR2NKGTU
HQTGZVGTPCNEKTENKRUQPUJCHVU CPINGFVKRU
90 # 2TGEKUKQP%KTENKR2NKGTU5GVRCTVU
, 2TGEKUKQP%KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGUUVTCKIJVVKRU
,
# 2TGEKUKQP%KTENKR2NKGTU
HQTGZVGTPCNEKTENKRUQPUJCHVU
#
5GVQHRNKGTUKPCHQCOVTC[ KPCHQCOVTC[HQTYQTMDGPEJGUCPFVQQNVTQNNG[U
ENGCTN[QTICPKUGFUVQTCIGQHVQQNU RTGEKUGN[UK\GFTGEGUUGUHQTJQNFKPIVJGRNKGTU HQCOVTC[FKOGPUKQPU.Z9Z*ZZOO /CVGTKCNVYQEQNQWTENQUGFRQTGHQCO
8UKZRTGEKUKQPEKTENKRRNKGTUKPCHQCOVTC[
#TVKENG0Q'#0
5K\GQHDQTGOO
6KRUOO 3WCPVKV[ I
8 %KTENKR2NKGTU5GVEKTENKRRNKGTUKPCHQCOVTC[
,
2TGEKUKQP%KTENKR2NKGTUHQTKPVGTPCNEKTENKRUKPVQDQTGU
,
90 ,
#
2TGEKUKQP%KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
90 #
%+4%.+22.+'45
2TGEKUKQP%KTENKR2NKGTU5GVU
2TGEKUKQP%KTENKR2NKGTU5GV
CVVTCEVKXGUCNGURCEMCIKPIYKVJ'WTQUVCPFCTFRGTHQTCVKQP
EQPVCKPUEQOOQP2TGEKUKQP%KTENKR2NKGTUHQTJKIJGUVTGSWKTGOGPVU
UVWTF[RNCUVKERCEMCIKPICNUQUWKVCDNGHQTUVQTCIGQHVJGRNKGTU
JKIJSWCNKV[UJQEMTGUKUVCPVRNCUVKEECUG EQPVCKPUEQOOQP2TGEKUKQP%KTENKR2NKGTUHQTJKIJGUVTGSWKTGOGPVU RTGEKUGN[UK\GFTGEGUUGUHQTJQNFKPIVJGRNKGTU ENGCTN[QTICPKUGFUVQTCIGQHVQQNU FKOGPUKQPU9Z*Z&ZZOO
5$ RCTVU
5$ RCTVU
#TVKENG0Q'#0 5V[NG
5K\GQHDQTGOO
6KRUOO 3WCPVKV[ I
5$ 2TGEKUKQP%KTENKR2NKGTU5GV
, 2TGEKUKQP%KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
,
# 2TGEKUKQP%KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
5$ 2TGEKUKQP%KTENKR2NKGTU5GV
, 2TGEKUKQP%KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
,
# 2TGEKUKQP%KTENKR2NKGTU
HQTGZVGTPCNEKTENKRUQPUJCHVU
# 90
, 2TGEKUKQP%KTENKR2NKGTUHQTKPVGTPCNEKTENKRUKPVQDQTGU CPINGF
VKRU
,
90
# 2TGEKUKQP%KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
#TVKENG0Q'#0 5V[NG
5K\GQHDQTGOO
6KRUOO 3WCPVKV[ I
2TGEKUKQP%KTENKR2NKGTUUGV
, 2TGEKUKQP%KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
,
# 2TGEKUKQP%KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
90
, 2TGEKUKQP%KTENKR2NKGTUHQTKPVGTPCNEKTENKRUKPVQDQTGU CPINGF
VKRU
,
90
# 2TGEKUKQP%KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
RCTVU
%+4%.+22.+'45
%KTENKR2NKGTU5GVU CVVTCEVKXGUCNGURCEMCIKPI
YKVJ'WTQUVCPFCTFRGTHQTCVKQP EQPVCKPUEQOOQP%KTENKR2NKGTUHQTJKIJGUVTGSWKTGOGPVU
UVWTF[RNCUVKERCEMCIKPICNUQUWKVCDNGHQTUVQTCIGQHVJGRNKGTU
8 RCTVU
8 RCTVU
#TVKENG0Q'#0 5V[NG
5K\GQHDQTGOO
6KRUOO 3WCPVKV[ I
8 %KTENKR2NKGTU5GV
, %KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
,
# %KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
# 8 %KTENKR2NKGTU5GV
, %KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU UVTCKIJVVKRU
,
# %KTENKR2NKGTUHQTGZVGTPCNEKTENKRUQPUJCHVU
#
90, %KTENKR2NKGTU
HQTKPVGTPCNEKTENKRUKPVQDQTGU CPINGFVKRU
,
90# %KTENKR2NKGTU
HQTGZVGTPCNEKTENKRUQPUJCHVU
#
*KIJGTDKIIGTOQTGFCTKPIsCTEJKVGEVWTGJCU CNYC[U DGGP FTKXGP D[ VJGUG CURKTCVKQPU 6QFC[ FTGCOU DGEQOG COC\KPIDWKNFKPIUYJKEJTGCNK\GCTVKUVKEXKUKQPUCPFGZRNQTG YJCV KU VGEJPKECNN[ HGCUKDNG 6JGJKIJGT DWKNFKPIU TGCEJ KPVQ VJG ENQWFUVJGITGCVGTVJGNQCFVJG[OWUVDGCDNGVQYKVJUVCPF 4GKPHQTEKPI UVGGN KU VJGTGHQTGWUGFKPUKFGEQPETGVGGNGOGPVUVQRTQXKFGUVCDKNKV[ CPF GZKDKNKV[ -0+2':%QPETGVGTUo 0KRRGTU CTG WUGF VJTQWIJQWV VJGYQTNFVQCEJKGXGURGEVCEWNCTCTEJKVGEVWTCNRTQLGEVU
&4'#/5)419+0)619#4&5 *'#8'0
#.6'40#6+8'57%*'0#755'4)'9*0.+%*'(#55#&'
%CTRGPVGTU2KPEGTU *COOGTJGCF5V[NG%CTRGPVGTUo2KPEGTU (CTTKGTUo2KPEGTU6GCTQHH2NKGTUHQTXGJKENGDQF[YQTM 2QVVGTUo2KPEGTU$TKEM2KPEGTU
'PF%WVVKPI0KRRGTU
%QPETGVGTU0KRRGTU6QYGT2KPEGTU5VGGN(KZGTUo0KRRGTU *KIJ.GXGTCIG%QPETGVGTUo0KRRGTU
%CTRGPVGTUn2KPEGTU%QPETGVGTUn0KRRGTU
4GKPHQTEGFUVGGNOGUJEQPUVTWEVKQPKUOCPWCNYQTMsVJTQWIJQWVVJGYQTNFKPVJGOQUVFKXGTUGDWKNFKPIU-0+2':%QPETGVGTUo 0KRRGTU QHHGT DWKNFGTU CRQYGTHWNGTIQPQOKEUQNWVKQPHQTVJGKTRTQFWEVKQP
%#42'06'452+0%'45
%CTRGPVGTU2KPEGTU&+0+51
HQTJGCXKGUVFWV[ URGEKCNN[HCXQWTGFD[ETCHVUOGPHQTVJGKTRTGEKUGYQTMOCPUJKR
GZVTGOGYGCTTGUKUVCPEGCPFYGNNDCNCPEGF
EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU OO I
DNCEMCVTCOGPVK\GF RQNKUJGF
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
*COOGTJGCF5V[NG%CTRGPVGTU2KPEGTU&+0+51
YKVJUVTKMKPIHCEGVQJCOOGTFQYPPCKNU
EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
/WNVKHWPEVKQPCNFTKXKPIKPCPFRWNNKPIPCKNU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU I
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
%#42'06'452+0%'45
(CTTKGTU2KPEGTU
6GCTQHH2NKGTUHQTXGJKENGDQF[YQTM
&+0+51
VJGKFGCNRNKGTUHQTVJGHCTTKGT YKVJUOCNNJGCFCPFCPXKNHQTTGFKTGEVKPIJQTUGUJQGPCKNU CNUQUWKVCDNGHQTFKUOCPVNKPIYQTMKPXGJKENGDQF[YQTMUJQRU EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
#TVKENG0Q'#0 OO 2NKGTU *GCF OO I
DNCEMCVTCOGPVK\GF RQNKUJGF
2QVVGTU2KPEGTU$TKEM2KPEGT&+0+51
HQTRQVVGT[YQTM YKVJYKTGEWVVGTHQTUQHVYKTG EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
5RGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
#TVKENG0Q'#0 OO 2NKGTU *GCF
*GCFYKFVJOO I
DNCEMCVTCOGPVK\GF RQNKUJGF
'PF%WVVKPI0KRRGTU
YKVJEWVVKPIGFIGUHQTUQHVCPFJCTFYKTG
CNUQUWKVCDNGHQTVYKUVKPICPFEWVVKPIDKPFKPIYKTG
EWVVKPIGFIGUCFFKVKQPCNN[KPFWEVKQPJCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
*KIJITCFGURGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
#NUQUWKVCDNGHQTYKTGPGVVKPIKPTGKPHQTEGFEQPETGVGEQPUVTWEVKQP
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU OO OO OO I
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
%10%4'6'450+22'45
%QPETGVGTU0KRRGTU
6QYGT2KPEGTU5VGGN(KZGTU0KRRGTU
&+0+51
VQVYKUVCPFEWVYKTGKPQPGQRGTCVKQPHCUVTGNKCDNGCPFGEQPQOKECN
WPQDVCKPGFRTGEKUKQPCPFNQPIUGTXKEGNKHGOCMGVJGUGVJGOQUVYKFGN[RWTEJCUGFEQPETGVGTUPKRRGTUKPVJGYQTNF
EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
*KIJITCFGURGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
-YKVJOOJGCFRCTVKEWNCTN[UWKVCDNGHQTVKNGRCXKPIYQTM
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU OO OO I
DNCEMCVTCOGPVK\GF RQNKUJGF
- DNCEMCVTCOGPVK\GF RQNKUJGF
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
PKEMGNRNCVGF
-
%10%4'6'450+22'45
*KIJ.GXGTCIG%QPETGVGTU0KRRGTUJKIJNGXGTVTCPUOKUUKQP
&+0+51
NGUUGHHQTVTGSWKTGFEQORCTGFVQEQPXGPVKQPCNEQPETGVGTUPKRRGTUQHVJGUCOGUK\G
'ZVTCUNKOHQTOHQTV[KPIFGGROQWPVGFUVGGNTQFU
VQNCEGEQPETGVGTGKPHQTEKPIUVGGNYKVJDKPFKPIYKTGHTQOCTQNN YKTGKUVYKUVGFCPFEWVKPCUKPINGRCUU JKIJNGXGTCIGLQKPVOKPKOKUKPIUVTCKPGXGPYJGPVJKEMDKPFKPIYKTGUCTGWUGF
VJGJKIJFCORKPIQHVJGEWVVKPIUVTQMGQPEWVVKPIVJTQWIJVJGDKPFKPIYKTGTGFWEGUVJGUVTCKPQPVGPFQPUCPFOWUENGU
EWVVKPIGFIGUCFFKVKQPCNN[JCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
*KIJITCFGURGEKCNVQQNUVGGNHQTIGFQKNJCTFGPGF
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO 2NKGTU *GCF *CPFNGU OO OO
*GCFYKFVJOO I
DNCEMCVTCOGPVK\GF RQNKUJGF
DNCEMCVTCOGPVK\GF RQNKUJGF RNCUVKEEQCVGF
PKEMGNRNCVGF
(+4'&72
(144'5%7'
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%766+0)2.+'45
%QPETGVG/GUJ%WVVGT
EWVVKPIECRCEKV[WRVQ*4%JCTFPGUU TQDWUVEWVVKPIGFIGUCTGCFFKVKQPCNN[KPFWEVKQPJCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
HQTIGFKPUVQRRGTYKVJEQOHQTVCDNGUJQEMCDUQTDGT IQQFCEEGUUFWGVQXGT[HNCVEQPUVTWEVKQPQHJGCFCPFLQKPVCTGC GTIQPQOKECNN[CPINGFJCPFNGUVQOKPKOKUGGHHQTV UVWTF[PQPUNKRVYQEQNQWTFWCNEQORQPGPVJCPFNGUNGGXGU RTGEKUGCFLWUVOGPVRQUKVKQPUD[GEEGPVTKEDQNV JKIJEWVVKPIRGTHQTOCPEGYKVJOKPKOWOGHHQTVFWGVQQRVKOWOEQQTFKPCVKQPQHVJGEWVVKPIGFIGCPINGCPFVTCPUOKUUKQPTCVKQ
DQNVGFEWVVGTJGCFTGRNCEGCDNG $NCFGEJTQOGXCPCFKWOJGCX[FWV[UVGGNHQTIGFQKNJCTFGPGF ,QKPVURGEKCNVQQNUVGGNHQTIGF *CPFNGUVGGNVWDGRQYFGTEQCVGF
%WVVKPIECRCEKVKGU
#TVKENG0Q'#0 OO *GCF *CPFNGU
*4%OO
*4%OO
*4%OO I
ITG[CVTCOGPVK\GF YKVJOWNVKEQORQPGPVITKRU 5RCTGEWVVGTJGCFHQTEQORNGVGYKVJUETGYU
6JGURGEKCNUJCRGQHVJGOGUJEWVVGTJGCFGPCDNGKVVQEWVUVTWEVWTCNUVGGNVJCVKUN[KPIFQYPHNCV
%766+0)2.+'45
$QNV'PF%WVVKPI0KRRGTUJKIJNGXGTVTCPUOKUUKQP
&+0+51
85
85
2QYGTHWNEQORCEVEQOHQTVCDNG EQORCTGFVQEQPXGPVKQPCNNGXGTCUUKUVGFGPFEWVVKPIPKRRGTUITGCVGTEWVVKPIECRCEKV[NGUUGHHQTVTGSWKTGFCPFDGVVGTJCPFNKPI
HQTCNNENCUUGUQHYKTGKPENWFKPIRKCPQYKTG GZEGRVKQPCNEWVVKPIECRCEKV[FWGVQJKIJNGXGTCIGLQKPV EWVVKPIGFIGUCFFKVKQPCNN[KPFWEVKQPJCTFGPGFEWVVKPIGFIGJCTFPGUUCRRTQZ*4%
8CPCFKWOGNGEVTKEUVGGNHQTIGFQKNJCTFGPGF
YKVJUNKOVYQEQNQWTOWNVKEQORQPGPVUNGGXGUYKV
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