CF:8J@FE F= :FEJHFCI
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uxr -. <+8.97 ,?>>98
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ALIRIZIV GSRZIRMIRXp YWI XLI TS[IV WYTTP] MJ ]SY [ERX XS GSRWIVZI FEXXIV] PMJIr 7EOI WYVI ]SY VIQSZI XLI TPYK JVSQ XLI WIX ERH [EPP
1SYXPIX FIJSVI MRWIVXMRK FEXXIVMIWr ,EXXIVMIW mRSX MRGPYHIHn
29TIR XLI FEXXIV] GSQTEVXQIRX ERH MRWIVX IMKLX FEXXIVMIWp X]TI <quxp ?7qv SV -qGIPPWp mTVIJIVEFP] +POEPMRIn [MXL XLI GSVVIGX TSPEVMX] EW
3MRHMGEXIH F] XLI joj ERH j`j W]QFSPW MRWMHI XLI GSQTEVXQIRXr ,EXXIVMIW GSRXEMR GLIQMGEP WYFWXERGIWp WS XLI] WLSYPH FI HMWTSWIH SJ
4TVSTIVP]r
3RGSVVIGX YWI SJ FEXXIVMIW GER GEYWI IPIGXVSP]XI PIEOEKI ERH [MPP
5GSVVSHI XLI GSQTEVXQIRX SV GEYWI XLI FEXXIVMIW XS FYVWXr >LIVIJSVI~
c .S RSX QM\ FEXXIV] X]TIW~ IrKr EPOEPMRI [MXL GEVFSR ^MRGr 9RP] YWI
| 6 | | FEXXIVMIW SJ XLI WEQI X]TI JSV XLI WIXr |
| c | ALIR MRWIVXMRK RI[ FEXXIVMIWp HS RSX XV] XS QM\ SPH FEXXIVMIW [MXL |
| |
| 7 | | XLI RI[ SRIWr |
| c | <IQSZI XLI FEXXIVMIW MJ XLI WIX MW RSX XS FI YWIH JSV E PSRK XMQIr |
| |
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| | ur -LIGO MJ XLI TS[IV ZSPXEKIp EW WLS[R SR XLI X]TI TPEXI PSGEXIH SR |
| 9 | | XLI FSXXSQ SJ XLI WIXp GSVVIWTSRHW XS ]SYV PSGEP +- TS[IV WYTTP]r |
| | | 3J MX HSIW RSXp GSRWYPX ]SYV HIEPIV SV WIVZMGI GIRXIVr |
vr -SRRIGX XLI TS[IV GSVH XS XLI +- 7+38= MRPIX ERH XLI [EPP SYXPIXr >LI TS[IV WYTTP] MW RS[ GSRRIGXIH ERH VIEH] JSV YWIr
wr >S W[MXGL SJJ GSQTPIXIP]p YRTPYK XLI TS[IV GSVH JVSQ XLI [EPP
21SYXPIXr
c?RTPYK XLI TS[IV GSVH JVSQ XLI [EPP SYXPIX XS TVSXIGX ]SYV WIX HYVMRK LIEZ] XLYRHIVWXSVQWr
98JJ<HO I8=<JO GH<:8KJ@FEI
c5IIT FEXXIVMIW E[E] JVSQ GLMPHVIR ERH TIXWr
c3RWIVX XLI FEXXIV] SFWIVZMRK XLI TVSTIV TSPEVMX] mos`nr
220EMPYVI XS TVSTIVP] EPMKR XLI FEXXIV] TSPEVMX] GER GEYWI TIVWSREP MRNYV] ERHsSV TVSTIVX] HEQEKIr
c<IQSZI WTIRX SV HMWGLEVKIH FEXXIVMIW JVSQ XLI TVSHYGXr
<IQSZI XLI FEXXIV] [LIR XLI TVSHYGX [MPP RSX FI YWIH JSV I\XIRHIH TIVMSHW SJ XMQI XS TVIZIRX HEQEKI HYI XS VYWXIH SV GSVVSHIH FEXXIVMIWr
c8IZIV XLVS[ FEXXIVMIW MRXS E JMVIp .S RSX I\TSWI FEXXIVMIW XS JMVI SV SXLIV LIEX WSYVGIWr
c,EXXIV] .MWTSWEP~ =TIRX SV HMWGLEVKIH FEXXIVMIW QYWX FI TVSTIVP] HMWTSWIH SJ ERH VIG]GPIH MR GSQTPMERGI [MXL EPP ETTPMGEFPI PE[Wr 0SV HIXEMPIH MRJSVQEXMSRp GSRXEGX ]SYV PSGEP GSYRXV] WSPMH [EWXI
EYXLSVMX]
c0SPPS[ XLI FEXXIV] QERYJEGXYVIVlW WEJIX]p YWEKIp ERH HMWTSWEP MRWXVYGXMSRWr
E]aU7
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7EOI WYVI XLEX MX MW MR a:S[IV SJJ b QSHIr
ALMPI TVIWWMRK ERH LSPHMRK XLI >37/r=/> ,?>>98p TVIWW XLI 29?< ,?>>98 XS WIX HIWMVIH LSYVr
ALMPI :VIWWMRK ERH LSPHMRK XLI >37/r=/> ,?>>98p TVIWW XLI 738?>/ ,?>>98 XS WIX HIWMVIH QMRYXIr
H8;@F FG<H8J@FE
ur =IPIGX XLI 0YRGXMSR =[MXGL m900s+?Bs<+.39s-.n XS <+.39 TSWMXMSRr
vr =IPIGX XLI ,ERH =[MXGL m+7s07s07r=>n XS +7p 07 SV 07 =>r wr <SXEXI XLI >YRMRK -SRXVSP 5RSF XS XLI HIWMVIH VEHMS WXEXMSR
E]aU7 0SV FIXXIV +7 VIGITXMSRp VSXEXI XLI VEHMS XS FIXXIV TSWMXMSR XLI FYMPXqMR HMVIGXMSREP ERXIRREr
E]aU7 >LI =>/</9 3RHMGEXSV [MPP PMKLX [LIR E TVSKVEQ MW VIGIMZIH MR 07 =XIVISr 3J XLI 07 VIGITXMSR MW RSMW]p W[MXGL XLI FERH WIPIGXSV XS XLI 07 TSWMXMSR ERH XLI TVSKVEQ [MPP FI VIGIMZIH MR 7SRS VEHMSr
xr <SXEXI XLI @SPYQI -SRXVSP 5RSF XS E GSQJSVXEFPI PMWXIRMRK PIZIPr yr >S W[MXGL SJJ XLI VEHMSp WIPIGX XLI 0YRGXMSR =[MXGL
m900s+?Bs<+.39s-.n XS 900 TSWMXMSRr
:FE;<EI8J@FE
3J GSPH [EXIV MW TSYVIH MRXS E KPEWWp [EXIV HVSTPIXW SR XLI SYXWMHI SJ XLI KPEWWr >LMW MW GEPPIH GSRHIRWEXMSRr -SRHIRWEXMSR QE] EPWS SGGYV SR MRXIVREP STIVEXMRK TEVXW SJ XLI PEWIV TMGOYTr
-SRHIRWEXMSR SGGYVW~
cALIR XLI YRMX MW FVSYKLX JVSQ XLI SYXHSSVW MRXS E [EVQ VSSQp SV MJ MX MW MR E GSPH VSSQ [LMGL MW LIEXIH UYMGOP]r
c3R XLI WYQQIVp MJ XLI YRMX MW QSZIH WYHHIRP] JVSQ ER EMVqGSRHMXMSRIH VSSQ SV GEV XS E LSX SV LYQMH PSGEXMSRr
c=LSYPH GSRHIRWEXMSR SGGYVp XLI TVSHYGX QE] RSX STIVEXI TVSTIVX]r ALIR XLI TVSHYGX MW I\TSWIH XS XIQTIVEXYVI I\XVIQIWp [EMX JSV uqv LSYVWmXS EPPS[ XLI MRXIVREP TEVXW XS EHNYWX XS XLI WYVVSYRHMRK XIQTIVEXYVIn FIJSVI YWIr
?8E;@E> 8 :FDG8:J ;@I:
+P[E]W TVSXIGX E HMWG EKEMRWX WGVEXGLIWp WSMP p HYWX ERH IXGr 3J E HMWG MW XVIEXIH [MXL VIEWSREFPI GEVIp [MTMRK SJJ XLI HMWG [MXL E WSJX GPSXL WLSYPH FI XLI SRP] QEMRXIRERGI RIIHIH XS VIXEMR MXW I\GIPPIRX WSYRH VITVSHYGXMSRr .MWGW WLSYPH FI VIXEMRIH MR XLIMV SVMKMREP GEWI HYVMRK TIVMSHW SJ RSRqYWIr
c2ERHPI E HMWG SRP] F] MXW IHKIWp .S RSX XSYGL XLI WYVJEGI SV VEMRFS[qGSPSVIH WMHI SJ XLI HMWG
c2ERHPI E HMWG EW WLS[R MR XLI MPPYWXVEXMSRW MR XLMW WIGXMSR
c?WI E WSJX GPSXL XS [MTI E HMWG GPIERr .S RSX YWI FIR^IRIp XLMRRIVp SV SXLIV GLIQMGEP GPIERIVW XS GPIER XLI HMWG EW HEQEKI QE] VIWYPXr
+ HMWG WLSYPH EP[E]W FI [MTIH MR E WXVEMKLX PMRI JVSQ MXW GIRXIV XS MXW IHKIr 8IZIV [MTI E HMWG MR E GMVGYPEV QSXMSRr
c.S RSX I\TSWI E HMWG XS HMVIGX WYRPMKLXp LMKL LYQMHMX]p SV LMKL XIQTIVEXYVIW JSV I\XIRHIH TIVMSHW SJ XMQIr .S RSX TPEGI XLI .MWG SR SXLIV IUYMTQIRX SV RIEV ER] LIEX WSYVGIr
c.YWX SR XLI TMGOYT PIRW GER PIEH XS IVVEXMG STIVEXMSR ERH MRXIVVYTXMSR SJ XLI WSYRH HYVMRK TPE]r >S GPIER XLI TMGOYT PIRWp STIR XLI HMWG GSQTEVXQIRX ERH FPS[ XLI HYWX SJJ r ?WMRK E GEQIVE PIRW FPS[IVmEZEMPEFPI EX QSWX GEQIVE WXSVIWn
c8SXI~ .S RSX XSYGL XLI WYVJEGI SJ XLI PIRWr .S RSX EPPS[ ER] PMUYMHW SR XLI MRWMHI SJ XLI TVSHYGXr
c>S GPIER XLI -. TPE]IV GEFMRIXp YWI E WSJX ERH HEQT GPSXL XS [MVI SJJ XLI I\XIVMSV WYVJEGIr
c8IZIV YWI FIR^SPp FIR^IRIp SV SXLIV WXVSRK GLIQMGEP GPIERIVWp EW XLIWI GSYPH HEQEKI XLI JMRMWLr
GC8O@E> 8 :FDG8:J ;@I: -:;.
EFJ<7 8IZIV XSYGL XLI PEWIV PIRW MRWMHI SJ XLI -. GSQTEVXQIRXr -PIER XLI PEWIV PIRW [MXL E -. GPIERIV HMWG MJ MX FIGSQIW HMVX]r ur =PMHI XLI 0YRGXMSR =[MXGL m900s+?Bs<+.39s-.n XS -.
TSWMXMSRr
vr 9TIR XLI -. .99< ERH MRWIVX E -. MRXS XLI XVE] [MXL TVMRXIH PEFIP WMHI JEGMRK YTr
wr -PSWI XLI -. .99< ERH XLI HMWG [MPP VSXEXI JSV E JI[ WIGSRHW ERH XLIR WXSTr
xr :VIWW XLI :6+Cs:+?=/ ,?>>98 XS WXEVX TPE] yr ?WI XLI </A_ k 0r0A. FYXXSR XS GLSSWI E XVEGO
zr >S TEYWI TPE]FEGO TVIWW :6+Cs:+?=/ [LMPI TPE]MRKr
{r :VIWW XLI :6+Cs:+?=/ ,YXXSR SRI QSVI XMQI XS VIWYQI TPE]r r :VIWW XLI =>9: ,?>>98 XS =>9: TPE]r
H8E;FD GC8O
3R -. WXST QSHIp :VIWW XLI <+8.97 ,?>>98 SRGIp a<+8.97b [MPP ETTIEV SR 6-. .MWTPE]r :VIWW :6+Cs:+?=/ ,?>>98p XLMW [MPP IREFPI VERHSQ XVEGOW TPE]r
H<L<HI<1=FHM8H; IYX^ , IUQ_SW
c>LI -. <I[MRH m</An ERH -. 0EWX 0SV[EVH m0r0A.n
,YXXSRW GER FI YWIH XS NYQT XS E HMJJIVIRX XVEGO RYQFIV SV XS WGER HMWG XVEGOW EX LMKL WTIIHr
c:VIWW XLI -. <I[MRH m</An SRGI XS LIEV XLI FIKMRRMRK SJ XLI GYVVIRX XVEGOr :VIWW MX X[S mvn SV QSVI XMQIW XS LIEV TVIZMSYW XVEGOW SR XLI HMWGr
c:VIWW XLI -. 0EWX 0SV[EVH ,YXXSR m0r0A.n XS LIEV XLI RI\X XVEGO SR XLI HMWGr
c:VIWW ERH LSPH XLI -. <I[MRH m</An ,YXXSRp XLI GYVVIRX XVEGO [MPP FI WGERRIH ERH QSZI FEGO[EVHW XS XLI TVIZMSYW XVEGOmWn* ALIR XLI HIWMVIH XVEGO WIGXMSR MW JSYRHp VIPIEWI XLI FYXXSR ERH RSVQEP TPE] [MPP VIWYQIr
c:VIWW ERH LSPH XLI -. 0EWX 0SV[EVH ,YXXSR m0r0A.n ,YXXSRp
XLI GYVVIRX XVEGO [MPP FI WGERRIH ERH QSZI JSV[EVH XS XLI RI\X XVEGOmWn* ALIR XLI HIWMVIH XVEGO WIGXMSR MW JSYRHp VIPIEWI XLI WIPIGXIH FYXXSR ERH RSVQEP TPE] [MPP VIWYQIr
H<G<8J =<8JKH<
c>LI -. </:/+> ,YXXSR QE] FI YWIH XS VITIEX E WMRKPI XVEGO SV VITIEX EPP XVEGOW SR E GSQTEGX HMWGr
c:VIWW XLI </:/+> ,?>>98 [LMPI TPE]MRKp XLI a</:b WMKR [MPP WLS[R SR 6-. .MWTPE]r >LI WEQI XVEGO [MPP FI VITIEXIH SZIV ERH SZIVr
c:VIWW XLI </:/+> ,?>>98 E WIGSRH XMQI XS VITIEX EPP XVEGOWr
c>S GERGIP </:/+> :6+Cp :VIWW XLI </:/+> ,?>>98 VITIEXIHP] YRXMP XLI a</:b WMKR HMWETTIEVIHr
GHF>H8D =<8JKH<
>LI :VSKVEQ JIEXYVI GER FI YWIH XS TVSKVEQ YT XS vt XVEGOW XS TPE] MR E WIPIGXIH SVHIVr
ur ALMPI MR XLI WXST QSHI SRP] m-. MW RSX TPE]MRKnp TVIWW XLI -. :<91<+7 ,YXXSRp 6-. .MWTPE] [MPP WLS[ XLI [SVHMRK a:<91 tub ERH a:<91 tub WXEVXW XS JPEWLr
vr :VIWW XLI -. <I[MRHs -. 0EWX 0SV[EVH m</A SV 0r0A.n ,YXXSRW XS PSGEXI XLI HIWMVIH XVEGOr
wr :VIWW XLI -. :<91<+7 ,?>>98 XS WIPIGX ERH WXSVI XLI XVEGO MRXS QIQSV]r
xr <ITIEX WXIT v XS w XS WIPIGX YT XS vt XVEGOWr
yr >S TPE] XLI WIPIGXIH XVEGOW mMR XLI TVSKVEQ QSHInp TVIWW XLI -. :6+Cs:+?=/ ,?>>98 r>LI XVEGO RYQFIV [MPP ETTIEV SR XLI 6-. .MWTPE] ERH XLI a:<91b ETTIEV SR 6-. .MWTPE]r
zr >S LIEV XLI TVIZMSYW SV RI\X TVSKVEQ XVEGOp TVIWW XLI -. <I[MRH m</An SV -. 0EWX 0SV[EVH m0r0A.n FYXXSRWp EW ETTVSTVMEXIr
E]aU7 +JXIV EPP SJ XLI TVSKVEQQIH XVEGOW LEZI TPE]IHp XLI -. TPE]IV [MPP VIXYVR XS XLI WXST QSHIr
{r >S GPIEV XLI TVSKVEQQIH XVEGOW JVSQ QIQSV]p TVIWW =>9: X[S
XMQIW SV STIR XLI -. HSSV MR =>9: QSHI XS GPIEV XLI TVIZMSYW TVSKVEQQIH XVEGOWr
?<8;G?FE< A8:B
CSYV VEHMS MW IUYMTTIH [MXL E 2/+.:298/ 4+-5 JSV TVMZEXI PMWXIRMRKr =MQTP] TPYK ER] wry QQ TPYK X]TI WXIVIS LIEHTLSRI MRXS XLI 2/+.:298/ 4+-5r AMXL XLI LIEHTLSRI GSRRIGXIH XLI WTIEOIV MR XLI VEHMS [MPP FI EYXSQEXMGEPP] HMWGSRRIGXIHr
8KN @EGKJ A8:B
ur =PMHI XLI 0YRGXMSR =[MXGL m900s+?Bs<+.39s-.n XS +?B TSWMXMSRr
vr -SRRIGX XLI +?B GSRRIGX [MVI JVSQ XLI SYX NEGO SJ ]SYV :IVWSREP :PE]IV WYGL EW TSVXEFPI 7:w TPE]IV XS XLI +?B MRTYX NEGO mGSRRIGX [MVI RSX MRGPYHInr
wr :PE] =XEVX JVSQ ]SYV :IVWSREP :PE]IVr