5CHGV[
VYQGZRGTVQTICPK\CVKQPUVJG0CVKQPCN%QWPUGNQP4CFKCVKQP2TQVGEVKQPCPF/GCUWTGOGPV0%42
CPFVJG+PUVKVWVGQH'NGEVTKECNCPF'NGEVTQPKEU'PIKPGGTU+'''+PDQVJECUGUVJGTGEQOOGPFCVKQPU
YGTGFGXGNQRGFD[UEKGPVK¿ECPFGPIKPGGTKPIGZRGTVUFTCYPHTQOKPFWUVT[IQXGTPOGPVCPFCECFGOKC
CHVGTGZVGPUKXGTGXKGYUQHVJGUEKGPVK¿ENKVGTCVWTGTGNCVGFVQVJGDKQNQIKECNGHHGEVUQH4(GPGTI[
6JGGZRQUWTGNKOKVHQTYKTGNGUUOQDKNGRJQPGUGORNQ[UCWPKVQHOGCUWTGOGPVMPQYPCUVJG5RGEK¿E
#DUQTRVKQP4CVGQT5#46JG5#4KUCOGCUWTGQHVJGTCVGQHCDUQTRVKQPQH4(GPGTI[D[VJGJWOCP
DQF[GZVQWEJGFKPWPKVUQHYCVVURGTMKNQITCO9MI6JG(%%TGSWKTGUYKTGNGUURJQPGUVQEQORN[
YKVJCUCHGV[NKOKVQHYCVVURGTMKNQITCO9MI6JG(%%GZRQUWTGNKOKVKPEQTRQTCVGUC
UWDUVCPVKCNOCTIKPQHUCHGV[VQIKXGCFFKVKQPCNRTQVGEVKQPVQVJGRWDNKECPFVQCEEQWPVHQTCP[
XCTKCVKQPUKPOGCUWTGOGPVU
6GUVUHQT5#4CTGEQPFWEVGFWUKPIUVCPFCTFQRGTCVKPIRQUKVKQPUURGEK¿GFD[VJG(%%YKVJVJG
RJQPGVTCPUOKVVKPICVKVUJKIJGUVEGTVK¿GFRQYGTNGXGNKPCNNVGUVGFHTGSWGPE[DCPFU#NVJQWIJ5#4KU
FGVGTOKPGFCVVJGJKIJGUVEGTVK¿GFRQYGTNGXGNVJGCEVWCN5#4NGXGNQHVJGRJQPGYJKNGQRGTCVKPIECP
DGYGNNDGNQYVJGOCZKOWOXCNWG$GECWUGVJGRJQPGKUFGUKIPGFVQQRGTCVGCVOWNVKRNGRQYGTNGXGNU
VQWUGQPN[VJGRQYGTTGSWKTGFVQTGCEJVJGPGVYQTMKPIGPGTCNVJGENQUGT[QWCTGVQCYKTGNGUUDCUG
UVCVKQPCPVGPPCVJGNQYGTVJGRQYGTQWVRWV
$GHQTGCRJQPGOQFGNKUCXCKNCDNGHQTUCNGVQVJGRWDNKEKVOWUVDGVGUVGFCPFEGTVK¿GFVQVJG(%%
VJCVKVFQGUPQVGZEGGFVJGNKOKVGUVCDNKUJGFD[VJGIQXGTPOGPVCFQRVGFTGSWKTGOGPVHQTUCHG
GZRQUWTG6JGVGUVUCTGRGTHQTOGFKPRQUKVKQPUCPFNQECVKQPUGICVVJGGCTCPFYQTPQPVJGDQF[
CUTGSWKTGFD[VJG(%%HQTGCEJOQFGN
6JKUFGXKEGYCUVGUVGFHQTV[RKECNDQF[YQTPQRGTCVKQPUYKVJVJGDCEMQHVJGRJQPGMGRVKPEJGU
EODGVYGGPVJGWUGT¶UDQF[CPFVJGDCEMQHVJGRJQPG6QEQORN[YKVJ(%%4(GZRQUWTG
TGSWKTGOGPVUCOKPKOWOUGRCTCVKQPFKUVCPEGQHKPEJGUEOOWUVDGOCKPVCKPGFDGVYGGP
VJGWUGTUDQF[CPFVJGDCEMQHVJGRJQPG6JKTFRCTV[DGNVENKRUJQNUVGTUCPFUKOKNCTCEEGUUQTKGU
EQPVCKPKPIOGVCNNKEEQORQPGPVUUJQWNFPQVDGWUGF$QF[YQTPCEEGUUQTKGUVJCVECPPQVOCKPVCKP
KPEJGUEOUGRCTCVKQPFKUVCPEGDGVYGGPVJGWUGTUDQF[CPFVJGDCEMQHVJGRJQPGCPF