Manual Power point.pdf
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Transcript of Manual Power point.pdf
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1MGVSWSJX4S[IV4SMRX1HYPS
8IVMGS]4VGXMGS
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1MGVSWSJX4S[IV4SMRX
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1MGVSWSJX4S[IV4SMRX
&MIRZIRMHSWEP ETEWMSRERXI1YRHSHI PE -RJSVQXMGE
)RIWXI1HYPSMRXIRXEVIQSWKYMEVPSIRIPETVIRHM^ENIHI1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRXIWYRTVSKVEQETEVEPEGVIEGMR]I\LMFMGMRHITVIWIRXEGMSRIWQYPXMQIHMEGY]EZIRXENETVMRGMTEPIWIPGSRXVSPHIPEMRJSVQEGMR]PEJSVQEHITVIWIRXEVPEMRGPY]IRHSPSWVIGMIRXIWEZERGIWIRQYPXMQIHMEQIHMERXIPEGSQFMREGMRHIXI\XSWMQKIRIW GSPSVIW JSVQEW HMFYNSW IJIGXSW HI ERMQEGMR ] WSRMHSW WYQEHS E PEGVIEXMZMHEHHIPYWYEVMSLEGIRHIPEWTVIWIRXEGMSRIWYREXGRMGEYXMPM^EHEIRRYQIVSWEWWMXYEGMSRIW
)WXI1HYPSLE WMHS TIRWEHS TEVE UYI TYIHE ETPMGEV PSW GSRSGMQMIRXSW UYII\TVIWEJYRHEQIRXEPQIRXIIRIPQFMXS0EFSVEPTEVEPE)\TSWMGMRHIHMJIVIRXIWXMTSWHI4VS]IGXSW)HYGEGMR)RWIER^EIXG
)RPEWWMKYMIRXIWTKMREWZEQSWEI\TPMGEVPIPEWTVMRGMTEPIWLIVVEQMIRXEWTEVEIPQERINSHIYRTVSKVEQEHITVIWIRXEGMSRIWQYPXMQIHMEUYIPITIVQMXMVGSQTVIRHIVIPQIGERMWQSUYIYXMPM^E1MGVSWSJX4S[IV4SMRXTEVEUYIWYWTVIWIRXEGMSRIWWIERI\MXSWEW
)WTIVEQSWUYIHMWJVYXIIWXI1HYPSXEPGSQSRSWSXVSWPSLMGMQSWEPVIHEGXEVPS]UYIPIWIEHIYXMPMHEHIRIPHIWIQTISHIWYWXEVIEWGSXMHMEREW
0IHIWIEQSW\MXSIRIWXIETVIRHM^ENIUYIIWXGSQIR^ERHS
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1MGVSWSJX4S[IV4SMRX
1IXSHSPSKE HI 8VEFENS
0IWTVIWIRXEQSWPE1IXSHSPSKEHI8VEFENSHIIWXI1HYPSGSRIPJMRHISVMIRXEVPSWIRWYGSVVIGXSYWS]ETVSZIGLEQMIRXS
)WMQTSVXERXIGSQIR^EVTSVPEWMQFSPSKEUYIIRGSRXVEVRIRPEWTV\MQEWTKMREW
%8)2'-2
(IWEVVSPPEYREEGPEVEGMRHIMQTSVXERGMEEGIVGEHIPXIQE
79+)6)2'-%
4PERXIESXVEWJSVQEWHIETPMGEVPEWLIVVEQMIRXEW
%'8-:-(%(
-RHMGEPEW4VGXMGEWEVIEPM^EVIRGEWSHIXIRIVMRWXEPEHSIP7SJX[EVI)HYGEXMZS
869'3
7YKMIVIEPXIVREXMZEWTEVELEGIVQWHMRQMGEPEETPMGEGMRHIPEWLIVVEQMIRXEW
%PJMREPM^EVGEHE'ETXYPSIRGSRXVEVR
R 4VGXMGEW%HMGMSREPIWUYIPIWTIVQMXMVRVITEWEVPEWLIVVEQMIRXEWETVIRHMHEWIREGXMZMHEHIWGSRGVIXEWIMRXIKVEHSVEW
R 9RVITEWSHIGSRGITXSW8IVMGSWTEVEZIVMJMGEVPEGSQTVIWMR]EHUYMWMGMRHIPSWGSRGITXSWQWMQTSVXERXIW
%PJMREPM^EVIP1HYPSIRGSRXVEVRYRE%YXSIZEPYEGMR1PXMTPI'LMSGI1PXMTPIW3TGMSRIWUYIPIWIVZMVGSQSTVITEVEGMRTEVEIP)\EQIR
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1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX-RKVIWEVE4S[IV4SMRX4EVXIWHIPEZIRXERE'QSHIWTPE^EVWITSVYRE
ZIRXERE#
'ETXYPS
%PXVQMRSHIIWXIGETXYPSIWTIVEQSWUYIPSKVIRPSWWMKYMIRXIWSFNIXMZSW
R 'SRSGIV PEYXMPMHEHHIPTVSKVEQEHIKVJMGSWHITVIWIRXEGMR] WYWGEVEGXIVWXMGEW
TVMRGMTEPIWR 'SRSGIVPEWTEVXIWHIPEZIRXEREHI4S[IV4SMRX=GQSHIWTPE^EVWITSVPEQMWQER %TVIRHIVEGVIEVYRETVIWIRXEGMRGSRHMETSWMXMZEWYXMPM^ERHSHMWXMRXEWSTGMSRIW
R %TVIRHIVEKYEVHEV]EFVMVTVIWIRXEGMSRIW]XVEFENEVGSRIPPEWIRHMWXMRXEWZMWXEWR 1SHMJMGEVPEWZMWXEWHIPEWHMETSWMXMZEWHIPETVIWIRXEGMRGSQTVIRHIVTEVEUYWIYXMPM^EGEHEYRE]GYPIWWSRWYWHMJIVIRGMEWTVMRGMTEPIW
R %WMQMPEVPSWGSRGITXSWHIPSWXIQEWUYIXVEXEIWXIGETXYPS]VIEPM^EVPEWEGXMZMHEHIW
TEVEPEMRXIKVEGMRHIGSRSGMQMIRXSW
3VKERM^EGMRHI'SRXIRMHSW
'ETXYPSW 8IQEWHI%TVIRHM^ENI 'SRXIRMHSW1RMQSW
-RXVSHYGGMR
'ETXYPS+YEVHEV]EFVMVTVIWIRXEGMSRIW
+YEVHEVYRETVIWIRXEGMR%GXYEPM^EVEVGLMZSW'IVVEVEVGLMZSW%FVMVHSGYQIRXSW4VIWIRXEGMSRIW
:MWXEW
:MWXEWHI4S[IV4SMRX:MWXE2SVQEP:MWXEW'PEWMJMGEHSVHIHMETSWMXMZEW:MWXE4VIWIRXEGMR
GSRHMETSWMXMZEW
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1MGVSWSJX4S[IV4SMRX
-RXVSHYGGMR
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRXIWYRTVSKVEQETEVEVIEPM^EVTVIWIRXEGMSRIWKVJMGEW7IYXMPM^ETEVEGVIEV]I\LMFMVTVIWIRXEGMSRIWIRFEWIEHMETSWMXMZEW]XVERWTEVIRGMEWTEVEPEI\TSWMGMRHITVS]IGXSW ERXI YRE EYHMIRGME TPERMJMGEGMSRIW HI XVEFENSW )RWIER^E E XVEZW HIWIQMREVMSWHI'ETEGMXEGMR6IYRMSRIWHI)UYMTSWHIXVEFENS'SQYRMGEGMRHI2SXMGMEW8VEFENSGSR4VSZIIHSVIW:IRXEWIXG
4S[IV4SMRXTYIHIGVIEV
y 8VERWTEVIRGMEW HMETSWMXMZEWIR QMPQIXVSW ] TVIWIRXEGMSRIW IR TERXEPPE GSRIJIGXSWUYIVIEP^ERIPGSRXIRMHSHIPEWQMWQEW y 2SXEW HI TKMRE IWUYIQEW ] HSGYQIRXSW TEVE GSQTPIXEV ] IRVMUYIGIV PEWTVIWIRXEGMSRIWy4VIWIRXEGMSRIWVTMHEWQIHMERXIPEYXMPM^EGMRHIPSWEWMWXIRXIWHIETEVMIRGMEHMWISWEYXQEXMGSWGSQFMREGMRHIGSPSVIW
%8)2'-2 0SW EVGLMZSW UYI GVII IR IWXI TVSKVEQE VIGMFMVR IPRSQFVI HI 4VIWIRXEGMSRIW IWXEW WSRYRE WIGYIRGMESVHIREHEHIHMETSWMXMZEW UYI PI TIVQMXMVR I\TSRIV HIQERIVE WMRXXMGE ]IWXVYGXYVEHEPSWTYRXSWTVMRGMTEPIWYSFNIXMZSWHIYRHIXIVQMREHSTVS]IGXS'EHETVIWIRXEGMRIWXEVJSVQEHETSVZEVMEWHMETSWMXMZEW,SNEWIRPEWUYIHIFIVMRKVIWEVXSHEPEMRJSVQEGMRRIGIWEVME
)PIQIRXSWHIYRETVIWIRXEGMR
(METSWMXMZEW7SRTERXEPPEWUYIWITVS]IGXERYREXVEWSXVEIRTERXEPPE]UYIGSRWXMXY]IRIPIPIQIRXSFWMGSHIYRETVIWIRXEGMR'EHEHMETSWMXMZETYIHIGSRXIRIVXI\XSWKVJMGSWHMFYNSWMQKIRIWTVIHMWIEHEWERMQEGMSRIWWSRMHSWIRXVISXVEW
(SGYQIRXSW7SRPEWQMRMEXYVEWMQTVIWEWHIPEWHMETSWMXMZEW]WITYIHIRMQTVMQMVHIHSWXVIWWIMWTSVTKMRE
)WUYIQEW7PSQYIWXVERPSWXXYPSW]IPXI\XSIWGVMXSIRPEHMETSWMXMZETIVSRSWITSHVRZMWYEPM^EVPSWIPIQIRXSWKVJMGSWRMIPXI\XSIWGVMXSGSRPELIVVEQMIRXEHIXI\XS
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1MGVSWSJX4S[IV4SMRX
)\MWXIRZEVMEWJSVQEWHIINIGYXEVSMRMGMEV1MGVSWSJX4S[IV4SMRXTIVSPEQWYXMPM^EHEIWHIWHIIPQIR-RMGMSTEVEPSGYEPHIFIWIKYMVPSWWMKYMIRXIWTEWSW
(IWHIPEFEVVEHIXEVIEWLEKEGPMGIRIP&SXR-RMGMS8SHSWPSW4VSKVEQEW1MGVSWSJX4S[IV4SMRX
-RKVIWEVE4S[IV4SMRX
%8)2'-2(ITIRHMIRHSHI PE MRWXEPEGMRHIPTVSKVEQEIWTSWMFPIIRGSRXVEVIREPKYREWGSQTYXEHSVEWUYIWILE]EGVIEHSYRGSRSHIKVYTSTEVE PSWTVSKVEQEWHIPTEUYIXI3JJMGIIRGSRXVERHSIP GSRSHI1MGVSWSJX4S[IV4SMRXHIRXVSHIYR WYFQIRGSQSWISFWIVZEIRPEWMKYMIRXIMQEKIR
)RGEWSHIUYIIPTVSKVEQEWIEYXMPM^EHSGSRQYGLEJVIGYIRGMETYIHI
'VIEV YR EGGIWS HMVIGXS TEVE1MGVSWSJX 4S[IV4SMRX TEVE UYI TYIHE EGGIHIVHMVIGXEQIRXIEPTVSKVEQEHIWHIIPIWGVMXSVMS3YXMPM^EVPEFEVVEHILIVVEQMIRXEWHI3JJMGILEGMIRHSGPMGIRIPGSRSHI4S[IV4SMRXIMRKVIWEVEPTVSKVEQEIRJSVQEVTMHE
79+)6)2'-%
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1MGVSWSJX4S[IV4SMRX
4EVXIWHIPEZIRXEREHI4S[IV4SMRX
'SQSIRIPVIWXSHIPSWTVSKVEQEWIR4S[IV4SMRXIRGSRXVEVHSWZIRXEREWYRETEVEPEETPMGEGMR]SXVETEVEPETVIWIRXEGMR
&EVVEHI1IR7MXYEHEIRPETEVXIWYTIVMSVHIPETERXEPPE'SRXMIRIPSWGSQERHSWUYI4S[IV4SMRXTSRIEWYWIVZMZMSIRJSVQEHIPMWXEWHIWTPIKEFPIW
&EVVEHI,IVVEQMIRXEW0EWFEVVEWHILIVVEQMIRXEWGSR PEWUYIZEE XVEFENEV IWXRGSQTYIWXEWTSVYREWIVMIHIFSXSRIWWMXYEHSWFENSPEFEVVEHIQIRIRPETEVXIWYTIVMSVHIPETERXEPPE
'VIEYRE RYIZETVIWIRXEGMRHIHMETSWMXMZEW
%FVIYRETVIWIRXEGMR HIHMETSWMXMZEW I\MWXIRXI
+YEVHEIRHMWGS PETVIWIRXEGMRGSRPEGYEPIWXXVEFENERHS
%GXMZEIP4ERIPHIXEVIEW&WUYIHE&WMGE
-QTVMQI PEW HMETSWMXMZEW HI PE TVIWIRXEGMR
&EVVEHI8XYPS
&EVVEHI1IR&EVVEHI
,IVVEQMIRXEW
4ERIP HI IWUYIQEW
&SXSRIWHI :MWXEW 4ERIP HI(METSWMXMZEW 4ERIP HI XEVIEW
:IRXERE
HI
%TPMGEGMR
:IRXEREHIPE
TVIWIRXEGMR
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1MGVSWSJX4S[IV4SMRX
5YMXEIPSFNIXSWIPIGGMSREHS]PSIRZEEPTSVXETETIPIW
)RZEYRE GSTMEHIPSFNIXSWIPIGGMSREHSEPTSVXETETIPIW
'SPSGEIR PE HMETSWMXMZEIPGSRXIRMHSHIP TSVXETETIPIW
'STME JSVQEXSW
(IWLEGI PE PXMQE STIVEGMR
6ILEGI PE PXMQE STIVEGMRHIWLIGLE
-RWIVXEYRKVJMGS
-RWIVXE XEFPEW
%GXMZEPEFEVVEHI8EFPEW]FSVHIW
)RPEZMWXE'PEWMJMGEHSVHIPEWHMETSWMXMZEWEGXMZESHIWEGXMZEPSWJSVQEXSW HI PEW HMETSWMXMZEW
1YIWXVEYSGYPXEYREGYEHVGYPEUYIWMVZITEVESVKERM^EVPSWHEXSWHIPEHMETSWMXMZE
%YQIRXESHMWQMRY]IPEZMWXEHIPEWHMETSWMXMZEW
1YIWXVEYRE PMWXE HIWTPIKEFPIIR PEGYEPTSHVWIPIGGMSREV PEZMWXEHIGSPSVIWTEVE
PEW HMETSWMXMZEW
&EVVEHI)WXEHS)R PETEVXI MRJIVMSVHI PE:IRXEREHI4S[IV4SMRXIWXEFEVVESJVIGIMRJSVQEGMREGIVGEHIP(SGYQIRXSUYIWIIRGYIRXVIIRTERXEPPE
:IRXEREHI4VIWIRXEGMR7I IRGYIRXVE HMZMHMHE IR XVIW TERIPIWQY] HIWXEGEHSW(METSWMXMZEW )WUYIQEW] RSXEW )WXSWTERIPIW TSVTSVGMSRERYREZMWXEKPSFEPHI PETVIWIRXEGMR]PITIVQMXIRXVEFENEVHIWHIHMJIVIRXIWTYRXSWHIZMWXE
4ERIPHIHMETSWMXMZEW7IIRGYIRXVEIRIPWIGXSVGIRXVEPHIPE:IRXERE]TIVQMXIZMWYEPM^EV
]QSHMJMGEVIPEWTIGXSHIPEWHMETSWMXMZEW
4ERIPHIIWUYIQEW7IIRGYIRXVEIRIPWIGXSVM^UYMIVHSHIPE:IRXERE]WIYXMPM^ETEVE
SVKERM^EV]HIWEVVSPPEVIPGSRXIRMHSHIPETVIWIRXEGMRPSWXXYPSW]GSRXIRMHSWIWGVMXSW
4ERIPHI2SXEW7IIRGYIRXVEIRIPWIGXSVMRJIVMSVHIVIGLSHIPE:IRXERE]WIYXMPM^ETEVE
EKVIKEVRSXEWTEVEIPSVEHSVSTEVEGSQTEVXMVGSRPEEYHMIRGMEUYIRSTSHVZIVWIIRPETVIWIRXEGMRERMQEHEWMRSIRPEMQTVIWMR
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1MGVSWSJX4S[IV4SMRX
0I TIVQMXI GVIEV YRETVIWIRXEGMR IR FPERGS GSRIP JMR HIUYIEPJMREPM^EV WYIPEFSVEGMRIP VIWYPXEHS WIE XSXEPQIRXITIVWSREPM^EHS
0IV TIVQMXI EFVMV TVIWIRXEGMSRIWI\MWXIRXIW
7I YXMPM^E TEVE GVIEV YRE TVIWIRXEGMR FEWEHE IR YRE TPERXMPPETVIHMWIEHE'SRIWXESTGMR4S[IV4SMRX PIQSWXVEVYRETVIWIRXEGMRGSRPSWGSPSVIWHIPEHMETSWMXMZE]IPIWXMPSHIPXI\XS]EHIJMRMHSWHITIRHMIRHS HI PE TPERXMPPE WIPIGGMSREHE
'SR IWXE STGMRIRGSRXVEVYREWMWXIRXI HIEYXSGSRXIRMHSW UYI PIWYKMIVIIPXXYPSHIPETVIWIRXEGMR]YREI\TPMGEGMRHIPXIQEEXVEXEV8EQFMRPIFVMRHEPETSWMFMPMHEHHIIPIKMVIPXMTS]IWXMPSHITVIWIRXEGMRUYIHIWIEYXMPM^EV9REZI^JMREPM^EHSIPEWMWXIRXI PITVIWIRXEVYRIWUYIQEFWMGSUYI PI WIVZMV GSQSKYEIR PE SVKERM^EGMRHIPSW GSRXIRMHSW
%WMWXIRXITEVEEYXSGSRXIRMHS
)WXIEWMWXIRXIPSE]YHEVEHIWEVVSPPEVIPGSRXIRMHSHIPETVIWIRXEGMRWSFVIYREKVERZEVMIHEHHIXIQEWIQTVIWEVMEPIW]TIVWSREPIW4EVEIPPSHIFIVIEPM^EVPSWWMKYMIRXIWTEWSW
'PMG
%TEVIGIVYRGYEHVSHIHMPSKSIRIPGYEPWIHIXEPPERPSWTEWSWUYIWIKYMVIRIPXVE]IGXSEPEGVIEGMRHIPETVIWIRXEGMR
(IWHIIPTERIPHIXEVIEWLEKEGPMGIRIPFSXR%TEVXMVHIP%WMWXIRXITEVEEYXSGSRXIRMHS
E,EKEGPMGIRIWXIFSXR
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1MGVSWSJX4S[IV4SMRX
)RIPWIKYRHSGYEHVSHIFIWIPIGGMSREVIP8MTSHITVIWIRXEGMR7MKEIWXSWTEWSW
)RIWXIGYEHVSWIPIGGMSRIIP)WXMPSHIPETVIWIRXEGMR
%8)2'-27MIQTVIUYIRIGIWMXIPETVIWIRXEGMRTEVEI\TSWMGMRIRGSQTYXEHSVEHIFIIPIKMVIPIWXMPS4VIWIRXEGMRIRTERXEPPE
F,EKEGPMGWSFVIYRSHIPSWFSXSRIWHI PEW GEXIKSVEW
G 0YIKS WIPIGGMSRIYRXMTSHITVIWIRXEGMR
H,EKEGPMGIRIWXIFSXR
I8MPHIYREGEWMPPE
J,EKEGPMGIRIWXIFSXR
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1MGVSWSJX4S[IV4SMRX
)RIWXEIXETEHIFIIWGVMFMVYRXXYPSTEVEPETVMQIVEHMETSWMXMZE]EGXMZIPSWIPIQIRXSWUYIHIWIIMRGPYMVIRPEQMWQE
PXMQEIXETE
(IIWXEJSVQESFWIVZEVYRETVIWIRXEGMRGSRZEVMEWHMETSWMXMZEW]YRJSVQEXSTVIHMWIEHSIRPEUYIWPSHIFIVVIIQTPE^EVPSWGSRXIRMHSWHIGEHEYREHIPEWQMWQEW
K)WGVMFEYRXXYPS
L,EKEGPMGIRIWXIFSXR
M,EKEGPMGIRIWXIFSXR
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1MGVSWSJX4S[IV4SMRX
'QSHIWTPE^EVWITSVYREZIRXERE#
)R4S[IV4SMRXWITYIHIRYXMPM^EVXVIWQXSHSWHIHIWTPE^EQMIRXSTSVYREZIRXEREIRJYRGMRHIPEVETMHI^GSRPEUYIHIWIIQSZIVWI
0RIEEPRIE
:IRXEREEZIRXERE
7EPXEVHMVIGXEQIRXIEPTVMRGMTMSJMREPSQMXEHHIPEQMWQE
4EVEIPPSWMKEEPKYRSHIPSWWMKYMIRXIWTVSGIHMIQMIRXSWWIKRWYWRIGIWMHEHIW
3TGMR0RIEEPRIE
3TGMR:IRXEREEZIRXERE
)RPEZMWXE)WUYIQETEVEZIVIPXI\XS WMXYEHS FENS PE ZIRXEREEGXYEPHIFITYPWEVZEVMEWZIGIWPEJPIGLEHIHIWTPE^EQMIRXSLEGMEEFENS'EHEZI^UYIWITYPWIPEJPIGLE HI HIWTPE^EQMIRXS4S[IV4SMRX QSHMJMGEV PETERXEPPETEVEQSWXVEVPIYREPRIEQW
4EVEHIWTPE^EVWIZIRXEREEZIRXERE HIFI TYPWE PSWFSXSRIWWMXYEHSWHIFENSHIPEFEVVEHIHIWTPE^EQMIRXS
3TGMR8IGPEHS
3XVEQERIVEHILEGIVPSIWTYPWERHSPEWXIGPEW
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP%WMWXIRXI2);7%4-)27UYIWIYFMGEIRIP'ETXYPS8IQE-RXVSHYGGMR7YFXIQE(IWTPE^EQMIRXSWTSVPE:IRXERE
&EVVEHI HIWTPE^EQMIRXS
(METSWMXMZEWMKYMIRXI
(METSWMXMZEERXIVMSV
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1MGVSWSJX4S[IV4SMRX
+YEVHEV]%FVMV4VIWIRXEGMSRIW
+YEVHEVYRETVIWIRXEGMR
4EVEEPQEGIREVWYWXVEFENSWHIFIVVIGYVVMVEPGYEHVSHIHMPSKS+YEVHEVGSQS4EVEMRKVIWEVEHMGLSGYEHVSWMKEIWXSWTEWSW
(IWHIIPQIR%VGLMZSLEKEGPMGIR+YEVHEVGSQS%TEVIGIVIWXIGYEHVS
,EKEGPMGIRIPFSXR
3TGMRHIWHIPE&EVVEHILIVVEQMIRXEW)WXRHEV
,EKEGPMGIR%VGLMZS+YEVHEV
3TGMRHIWHIPE&EVVEHIQIR
4VIWMSRIPEWXIGPEW]
3TGMRHIWHIIP8IGPEHS
%GXYEPM^EVEVGLMZSW
4EVEEGXYEPM^EVYREVGLMZSWMKEIWXSWTEWSW
(IWHI PE PMWXE HIWTPIKEFPI WIPIGGMSRI PE YFMGEGMRHIP EVGLMZS
)WGVMFEYRRSQFVITEVEIPEVGLMZS ,EKEGPMGIRIWXIFSXR
+YEVHEV
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1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE+YEVHEV]%FVMVTVIWIRXEGMSRIW7YFXIQE+YEVHEVYRE
4VIWIRXEGMRTSVINIQTPS
'IVVEVEVGLMZSW
4EVEGIVVEVYREVGLMZS4VIWIRXEGMRHI4S[IV4SMRXYXMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIR%VGLMZS'IVVEV
3TGMRHIWHIPSW&SXSRIWHIGSRXVSP
,EKEGPMGIRIWXIFSXR
%FVMVHSGYQIRXSW4VIWIRXEGMSRIW
4EVEEFVMVYRETVIWIRXEGMRERXIWKYEVHEHSWMKEIWXSWTEWSW
4YIHIYXMPM^EVGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIR%VGLMZS%FVMV
3TGMRHIWHIPE&EVVEHILIVVEQMIRXEW
,EKEGPMGIRIWXIFSXR
3TGMRHIWHIIP8IGPEHS
4VIWMSRIPEWXIGPEW
%FVMV
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1MGVSWSJX4S[IV4SMRX
79+)6)2'-%
0EWHMETSWMXMZEWWITYIHIRKYEVHEVGSQSYREMQEKIRIRGEWSHIUYIVIVYXMPM^EVPEWGSR SXVSWTVSKVEQEW4EVEIPPS HIFIV ZMWYEPM^EV S WIPIGGMSREV IR TERXEPPE PEHMETSWMXMZEUYIHIWIIEPQEGIREV]VIEPM^EVYRGPMGIRIPFSXR+YEVHEV
%PMKYEPUYIIRIPQIR+YEVHEVIRIPGYEHVS+YEVHEVGSQSXMTSWIPIGGMSRI*SVQEXSHIMRXIVGEQFMSHIEVGLMZSW.4)+]PYIKSEGSRXMRYEGMRHIFIVLEGIVYRGPMGIRIPFSXR+YEVHEVUYIWIIRGYIRXVEIRIPWIGXSVMRJIVMSVHIVIGLSHIHMGLSGYEHVS
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE+YEVHEV]%FVMVTVIWIRXEGMSRIW7YFXIQE%FVMV4VIWIRXEGMSRIW
TSVINIQTPS
%8)2'-24S[IV4SMRXKYEVHEEYXSQXMGEQIRXI PEWTVIWIRXEGMSRIWTEVETSHIV VIGYTIVEVPEWIRGEWSUYI WITVSHY^GEEPKR JEPPSIR PEEPMQIRXEGMRIPGXVSRMGEHIPEGSQTYXEHSVE
(IWHI PE PMWXEHIWTPIKEFPIWIPIGGMSRI PE YFMGEGMRHIPEVGLMZSEEFVMV
,EKEGPMGWSFVIIPEVGLMZSUYIHIWIEEFVMV ,EKEGPMGIRIWXIFSXR
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1MGVSWSJX4S[IV4SMRX
4EVEGSRJMKYVEVIWXELIVVEQMIRXEHIFILEGIVGPMGIRIPQIR,IVVEQMIRXEW3TGMSRIW]WIPIGGMSREVPEJMGLE+YEVHEVPYIKSIWXEFPI^GEGEHEGYRXSWQMRYXSWHIFIR XVERWGYVVMV TEVEUYI WIINIGYXIIWXELIVVEQMIRXE HIWHI IP GEWMPPIVS +YEVHEV MRJSVQEGMR HI%YXSVVIGYTIVEV
,EKEGPMGIRIWXEWSPETE
8MPHIIWXEGEWMPPE %GITXIIPGYEHVS
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1MGVSWSJX4S[IV4SMRX
:MWXEW
:MWXEWHI4S[IV4SMRX
4IVQMXIRZIVPEWHMETSWMXMZEWHIHMJIVIRXIWQERIVEW:MWXE2SVQEP:MWXE'PEWMJMGEHSVHIHMETSWMXMZE]4VIWIRXEGMRGSRHMETSWMXMZEW
3TGMRHIWHIPE&EVVEHIQIR
3TGMRHIWHIIPVIEZMWXEW
:MWXE2SVQEP
0EZMWXE2SVQEPGSRXMIRIXVIWTERIPIW
4ERIPHIIWUYIQEW4ERIPHIHMETSWMXMZEW
4ERIPHIRSXEW
)WXSW TERIPIW TIVQMXIR XVEFENEV HI HMJIVIRXIW JSVQEW WSFVI PE TVIWIRXEGMR WMR PERIGIWMHEHHIGEQFMEVHIZMWXE7MHIWIETIVWSREPM^ EVIPXEQESHIPSWHMWXMRXSWTERIPIWTYIHIENYWXEVEVVEWXVERHSPSWFSVHIWHIPSWTERIPIWLEWXEPETSWMGMRHIWIEHE
4VMQIV GPMG
7IKYRHSGPMGWSFVIYREHIIWXEW STGMSRIW
:MWXERSVQEP
:MWXE'PEWMJMGEHSVHIHMETSWMXMZEW
4VIWIRXEGMR%TEVXMVHIHMETSWMXMZEEGXYEP
-
1MGVSWSJX4S[IV4SMRX
4ERIP HIIWUYIQE )R IWXITERIPTSHV SVKERM^EV ] HIWEVVSPPEVIP GSRXIRMHS HI PETVIWIRXEGMRTYIHIIWGVMFMVXSHSIPXI\XSHIPETVIWIRXEGMR]VISVKERM^EVPEWPMWXEWGSRZMIXEW
4ERIPHIHMETSWMXMZEW1YIWXVEIPEWTIGXSUYIXMIRIIPXI\XSIRPEWHMETSWMXMZEWIRIWXIWIGXSV WI TYIHIR EKVIKEV KVJMGSW TIPGYPEW WSRMHSW GVIEV LMTIVZRGYPSW I MRGPYMVERMQEGMSRIWIRHMETSWMXMZEWMRHMZMHYEPIW
4ERIPHIRSXEW7IYXMPM^ETEVEEKVIKEVRSXEWHIPSVEHSVSMRJSVQEGMRTEVEGSQTEVXMVGSRPEEYHMIRGME0SUYIEKVIKYIIRIWXIWIGXSVTSHVMQTVMQMVWINYRXSGSRPEHMETSWMXMZEWMEWPSHIWIETIVSRSWIZIVIRPETVIWIRXEGMRJMREP]EUYIRSJSVQETEVXIHIPEHMETSWMXMZE
4ERIPHI2SXEW
4ERIP)WUYIQEW 4ERIP(METSWMXMZEW
-
1MGVSWSJX4S[IV4SMRX
%8)2'-2)RPETKMREHIRSXEWIWTSWMFPIEKVIKEVSFNIXSWHIHMFYNSKVJMGSWIMQKIRIW4EVEIPPSWMKEIWXSWTEWSW
(IWHIIPQIR:IVWIPIGGMSRIPESTGMR4KMREHIRSXEW)RIWXEZMWXETSHVZMWYEPM^EVYRETKMREGSRHSW^SREWIWTIGJMGEWYREHSRHIETEVIGI PEHMETSWMXMZEUYI IWXGVIERHS ] PESXVEIRHSRHITSHVERSXEVMHIEWI\TPMGERHSSVIJSV^ERHSIPGSRXIRMHSHIPEHMETSWMXMZETIVSUYIRSWIVRZMWXEWIRPEI\TSWMGMRERMQEHE
2SXEEPTMI 8I\XSHMFYNSWIMQKIRIWIR PERSXEEPRSXE
:MWXEW'PEWMJMGEHSVHIHMETSWMXMZEW
0EZMWXE'PEWMJMGEHSVHIHMETSWMXMZEWQYIWXVEXSHEPEWHMETSWMXMZEWHIPETVIWIRXEGMRIRQMRMEXYVEIRPEQMWQETERXEPPEGSQSWMWIXVEXEVEHIYREKEPIVE(IIWXEJSVQEVIWYPXEJGMPEKVIKEVIPMQMREV]QSZIVHMETSWMXMZEWMRGPYMVMRXIVZEPSW]WIPIGGMSREVXVERWMGMSRIWERMQEHEWTEVETEWEVHIYREHMETSWMXMZEESXVE
-
1MGVSWSJX4S[IV4SMRX
:MWXE4VIWIRXEGMRGSRHMETSWMXMZEW
)WXEZMWXESJVIGIIPVIWYPXEHSJMREPHIPETVIWIRXEGMR)WXEZMWXETVIWIRXEPEWHMETSWMXMZEWIRTERXEPPEGSQTPIXEQSWXVERHSXSHSWPSWIJIGXSWERMQEGMSRIW]WSRMHSWGSVVIWTSRHMIRXIWEGEHEYREHIIPPEW
)R PE WMKYMIRXI MQEKIR TSHV SFWIVZEV YRE HMETSWMXMZE IR PE ZMWXE4VIWIRXEGMR GSRHMETSWMXMZEW
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE:MWXEW7YFXIQE:MWXETKMREHIRSXEW4SVINIQTPS
6IEPMGIPE4VGXMGEPEFSVEPHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE6ITEWS+IRIVEP7YFXIQE4VGXMGE0EFSVEP
)R GYEPUYMIVQSQIRXS HYVERXI PE GVIEGMR HI YRE TVIWIRXEGMR TYIHI MRMGMEV PE4VIWIRXEGMR GSR HMETSWMXMZEW ] SFXIRIV YRE ZMWXE LEGMIRHS GPMG WSFVI IP GSRSGSVVIWTSRHMIRXI
8EQFMR WI YXMPM^E TEVEIRWE]EV SQSWXVEV PE TVIWIRXEGMRTEVE TEWEV E PE TV\MQEHMETSWMXMZEHIFILEGIVGPMGIRGYEPUYMIVPYKEVHIPETVIWIRXEGMRGSRIPFSXRTVMRGMTEPHIPQSYWI7MHIWIEGERGIPEVPEHIQSWXVEGMRHIFITYPWEVPEXIGPE)7'
-
1MGVSWSJX4S[IV4SMRX
%GXMZMHEH
7YTSRKEUYIYWXIHIWIRGEVKEHSHIPVIEHI1EVOIXMRKHIYREIQTVIWEUYIJEFVMGEHYPGIWEVXIWEREPIW PPEQEHE (MZMRYPMW 0SW HMVIGXMZSW HI PEQMWQE PITMHIRUYIHMWII YRETVIWIRXEGMRTEVEIPRYIZSTVSHYGXSUYIZEEPER^EVPEIQTVIWE)WXETVIWIRXEGMRHIFIVI\TSRIVWIEPHEHIPPER^EQMIRXS)PTVSHYGXSWIPPEQE(YPGIGLSO]IWYRHYPGIHIPIGLIGSRXVS^SWHIGLSGSPEXI)RFEWIEIWXSWHEXSW]EPKYRSWSXVSWVIPEGMSREHSWGSRWYIPEFSVEGMRHIFIVIEPM^EVPEWMKYMIRXITVGXMGEMRXIKVEHSVEHIGSRSGMQMIRXSW
)RIWXETVMQIVEEGXMZMHEHHIFIVGVIEVYRETVIWIRXEGMRGSRHMETSWMXMZEWUYIHIWGVMFEPEWGEVEGXIVWXMGEWHIPTVSHYGXSTEVEWYTSWXIVMSVZIRXEIRIPQIVGEHSTEVEIPPS
-RKVIWIEPTVSKVEQEHI4S[IV4SMRX9XMPMGIIP%WMWXIRXITEVEEYXSGSRXIRMHSWTEVEJEGMPMXEVIPHMWISHIPEWHMETSWMXMZEW)RIPEWMWXIRXIIPMNEIPXMTSHITVIWIRXEGMR:IRXEHITVSHYGXSWSWIVZMGMSW
'SPSUYIIPXXYPS0ER^EQMIRXS]WMHIWIEYRTMIHITKMRETEVEPEWHMETSWMXMZEW%RXIW HIGSQIR^EVE MRKVIWEV PE MRJSVQEGMR ZMWYEPMGI PETVIWIRXEGMRIR PE:MWXE'PEWMJMGEHSVHIHMETSWMXMZEW]IPMQMRIPEWHMETSWMXMZEWUYIRSZE]EEYXMPM^EV :YIPZE E PE ZMWXE2SVQEP ] GSQMIRGI E MRKVIWEV PE MRJSVQEGMR )P SFNIXS HI PEWRIGIWMHEHIWHIPSWGPMIRXIW PSWFIRIJMGMSWTVMRGMTEPIWUYITSWIIGSRVIWTIGXSESXVSWTVSHYGXSWIXG+YEVHIPETVIWIRXEGMRIRPE9RMHEH%GSRIPRSQFVI0ER^EQMIRXS(YPGIGLSO]EUYIPEYXMPM^EVIRTVGXMGEWTSWXIVMSVIW
-
1MGVSWSJX4S[IV4SMRX
6ITEWSHIPGETXYPS
(IJMREE1MGVSWSJX4S[IV4SMRX
2SQFVIPEWTEVXIWHIYREZIRXEREHI4S[IV4SMRX
'YPIWWSRPSWTEWSWUYIHIFIWIKYMVTEVEKYEVHEVYRETVIWIRXEGMR#
2SQFVI]I\TPMUYIGEHEYREHIPEWZMWXEWHI4S[IV4SMRX
-
1MGVSWSJX4S[IV4SMRX
-
1MGVSWSJX4S[IV4SMRX
(MWISHIPEWHMETSWMXMZEW7IPIGGMRHIXI\XSWIRPEZMWXEIWUYIQEW*SVQEXSHIPSWXI\XSW7SPETEJYIRXI%TPMGEGMRHIJSVQEXSWHIWHIPEFEVVEHILIVVEQMIRXEW)PIKMVYREGSQFMREGMRHIGSPSVIWTVIWXEFPIGMHE4IVWSREPM^EVYREGSQFMREGMRHIGSPSVIW)PMQMREVYREGSQFMREGMRHIGSPSVIW'STMEVYREGSQFMREGMRHIGSPSVIW*SRHSHIYRE
HMETSWMXMZE
4VIWIRXEGMRIRFPERGS-RXVSHYGMVXI\XSIRPEZMWXEHMETSWMXMZE-RWIVXEVHMETSWMXMZEW-RXVSHYGMVXI\XSIRYREHMETSWMXMZEIRPE:MWXEIWUYIQE)PMQMREVHMETSWMXMZEW6IGYTIVEVYRE
HMETSWMXMZEFSVVEHE1SZIVHMETSWMXMZEW
'ETXYPS
%PXVQMRSHIIWXIGETXYPSIWTIVEQSWUYIPSKVIPSWWMKYMIRXIWSFNIXMZSW
R %TVIRHIV E GVIEVYRE TVIWIRXEGMR GSR HMETSWMXMZEW MRWIVXEV IPMQMREV ]QSZIV PEW
QMWQEWR 6IEPM^EVGEQFMSWIRIPJSVQEXS]HMWISHIPEWHMETSWMXMZEW]ETVIRHIVEETPMGEVPEWTPERXMPPEWHIHMWIS
R %TPMGEVYREGSQFMREGMRHIGSPSVIWEPEWHMETSWMXMZEWTEVEQINSVEVIPEWTIGXSHIPEWQMWQEW
R 'SRSGIV PEW LIVVEQMIRXEW GSQYRIW HIP TEUYIXI3JJMGI ] EWMQMPEV PSW GSRGITXSW
RIGIWEVMSWTEVEGSQTVIRHIVWYJYRGMSREQMIRXSR -RWIVXEVMQKIRIWXI\XSWEVXWXMGSW]ETVIRHIVEYXMPM^EVPEWHMWXMRXEWLIVVEQMIRXEWHIPE&EVVEHIHMFYNSW
R %WMQMPEVPSWGSRGITXSWHIPSWXIQEWUYIXVEXEIWXIGETXYPS]VIEPM^EVPEWEGXMZMHEHIWTEVEPEMRXIKVEGMRHIGSRSGMQMIRXSW
3VKERM^EGMRHI'SRXIRMHSW
'ETXYPSW 8IQEWHI%TVIRHM^ENI
'SRXIRMHSW1RMQSW
4VIWIRXEGMRIRFPERGS
'ETXYPS
*SVQEXSHIPEW
HMETSWMXMZEW
,IVVEQMIRXEWGSQYRIWEPTEUYIXI3JJMGI
'SVVIKMVPESVXSKVEJEHIYRXI\XS
-QKIRIW-RWIVGMRHIMQKIRIW-RWIVGMRHIMQKIRIWHIWHIEVGLMZS&EVVEHILIVVEQMIRXEWMQEKIR1SHMJMGEVIPEWTIGXSHIYRE
MQEKIR
;SVH%VX -RGSVTSVEGMRHIXI\XSWEVXWXMGSW3TGMSRIWHIPEFEVVEHILIVVEQMIRXEW;SVH%VX
3TGMSRIWHI(MFYNS
(MFYNEVIR1MGVSWSJX4S[IV4SMRX3TGMSRIWHIPEFEVVEHILIVVEQMIRXEWHIHMFYNS
-
1MGVSWSJX4S[IV4SMRX
4VIWIRXEGMRIRFPERGS
4VIWIRXEGMRIRFPERGS
4EVEIWXVYGXYVEVPEMRJSVQEGMR]QSHMJMGEVIPJSVQEXSEWYKYWXSWIVGSRZIRMIRXIXVEFENEVIRYREVGLMZSIRFPERGS4EVEIPPSYXMPM^EGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHIQIR
3TGMRHIWHIPE&EVVEHILIVVEQMIRXEW)WXERHEV
,EKEGPMGWSFVIIWXIFSXR
F4ERIPHIXEVIEWE&EVVEHIQIR
3TGMRHIWHIIP8IGPEHS
4VIWMSRIPEWXIGPEW
-RXVSHYGMVXI\XSIRPEZMWXEHMETSWMXMZE
9REZI^WIPIGGMSREHSIP EYXSHMWIS HI PEHMETSWMXMZE WITVIWIRXEVR PSWLYIGSW HIGSPSGEGMRIRPEZMWXEHMETSWMXMZEW
9RLYIGSHIGSPSGEGMRIWYRFSVHIUYIHIJMRIIPXEQES]YFMGEGMRHIYRHIXIVQMREHSSFNIXS
'EHELYIGSWIVYRSFNIXSHMJIVIRXIIMRGPYMVMRWXVYGGMSRIWTEVEGSPSGEVYRGSRXIRMHSIRWYMRXIVMSV8EQFMR IWTIGMJMGEV UY XMTSHI SFNIXSHIFI MRKVIWEV GSQS PSQYIWXVE PEWMKYMIRXIJMKYVE
4VMQIV GPMG7IKYRHS GPMG
8IVGIVGPMG
2YIZS
-
1MGVSWSJX4S[IV4SMRX
,YIGSWIPIGGMSREHS
&SVHIW
1ERINEHSVIW
8I\XS
-QEKIR
'YVWSVXMXMPERHSMRHMGEUYIWITYIHIIWGVMFMV
8I\XSIWGVMXS
%PLEGIVYRGPMGWSFVIWXIGSRS
+EPIVEHI-QKIRIW
-
1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE4VIWIRXEGMRIRFPERGS7YFXIQE'VIEVYRETVIWIRXEGMRIR
FPERGS4SVINIQTPS
-RWIVXEVHMETSWMXMZEW
4EVEEKVIKEVYREHMETSWMXMZEEPETVIWIRXEGMRTSHVVIEPM^EVPSHIWHIIPQIRSHIWHIIPFSXR-RWIVXEVHMETSWMXMZEUYIWIYFMGEIRPEFEVVEHILIVVEQMIRXEW)\MWXIRXMTSWHIHMWISWEYXSQXMGSWHMWTSRMFPIWTEVEWIVYXMPM^EHSWIRPEGVIEGMRHIPEWTVIWIRXEGMSRIWGSR4S[IV4SMRX%PKYRSWWSRWMQMPEVIW]WYWZEVMERXIWPEWIRGSRXVEVIRPSWQEVGEHSVIWHITSWMGMRIWHIGMVIRIPPYKEVHSRHIWIMRWIVXEVRPSWXI\XSWPEWMQKIRIW]KVJMGSW
-RXVSHYGMVXI\XSIRYREHMETSWMXMZEIRPE:MWXEIWUYIQE
4EVEMRXVSHYGMVXI\XSIRPEZMWXEIWUYIQEHIFIVWMXYEVIPTYRXIVSHIPQSYWIIRIPPYKEVHSRHIHIWIIMRWIVXEVIPXI\XS]PYIKSGSQIR^EVEIWGVMFMV7MWIEKVIKEYREHMETSWMXMZEIRPEZMWXEIWUYIQEWIEKVIKEVYRFSXRHIHMETSWMXMZERYIZEGSRIPRQIVSGSVVIWTSRHMIRXIEPEQMWQE
869'3
7MHIWIE UYI WIQYIWXVI IR PE TERXEPPE PE HMETSWMXMZEEGXMZE IRYRETIUYIE ZIRXEREIWXERHSXVEFENERHSIRPEZMWXEIWUYIQEHIFIVEFVMVIPQIR:IV]WIPIGGMSREVPESTGMR(METSWMXMZEIR1MRMEXYVE%WTSHVSFWIVZEVPEWHMETSWMXMZEWIRQMRMEXYVEQMIRXVEWWMKYIXVEFENERHSGSRGEHEYREHIIPPEWIRPETVIWIRXEGMR
)PMQMREVHMETSWMXMZEW
4EVEIPMQMREVYREHMETSWMXMZEVIEPMGIIPWMKYMIRXITSVGIHMIQMIRXS
9XMPMGIPEWZMWXEW'PEWMJMGEHSVHIHMETSWMXMZEWS2SVQEP
3TGMRHIWHIPEFEVVEHIQIR
E,EKEGPMGIRIWXIQIR
F7IPIGGMSRIYRESTGMR
-
1MGVSWSJX4S[IV4SMRX
4VIWMSRIPEXIGPE
6IGYTIVEVYREHMETSWMXMZEFSVVEHE
7MRSGIVVIPEVGLMZSTSHVVIGYTIVEVPEYXMPM^ERHSIPGSQERHSHIWLEGIVUYIWIIRGYIRXVEIRPEFEVVEHILIVVEQMIRXEW)WXRHEV]UYIXMIRIPEJSVQEHIJPIGLEGYVZESIRIPQIR)HMGMRSTGMR(IWLEGIV
1SZIVHMETSWMXMZEW
7MHIWIEGEQFMEVPETSWMGMRHIPEWHMETSWMXMZEWXIRKEIRGYIRXEPSWWMKYMIRXIWTYRXSW
)PMNE PE ZMWXE'PEWMJMGEHSVHIHMETSWMXMZEWE XVEZW HI GYEPUYMIVEHI PEW WMKYMIRXIWSTGMSRIW
3TGMRHIWHIIPVIEZMWXEW
:MWXE'PEWMJMGEHSVHI(METSWMXMZEW
:MWXERSVQEP
:MWXE'PEWMJMGEHSVHIHMETSWMXMZEW
-QEKIRWIPIGGMSREHE
,EKEGPMGWSFVIIPFSXR:MWXEGPEWMJMGEHSVHIHMETSWMXMZEW
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPEFEVVEHIQIR
E,EKEGPMGIRIWXIQIR
F7IPIGGMSRIYRESTGMR
3TGMRHIWHIPVIEZMWXEW
7IPIGGMSRIPEHMETSWMXMZEUYIHIWIEQSZIV,EKEYRGPMGWSFVIPEHMETSWMXMZE]WMRWSPXEVEVVWXVIPELEWXEPERYIZEYFMGEGMR
1SZMQMIRXSHIPEHMETSWMXMZEHIPWIKYRHS PYKEV EP WITXMQS
:MWXE'PEWMJMGEHSVHIHMETSWMXMZEW
-
1MGVSWSJX4S[IV4SMRX
*SVQEXSHIPEWHMETSWMXMZEW
(MWISHIPEWHMETSWMXMZEW
4EVESVKERM^EVPEMRJSVQEGMRHIYREQERIVEQY]WIRGMPPE4S[IV4SMRXGSRXMIRIYREKEPIVEGSREYXSHMWISWTVIIWXEFPIGMHSWTEVETSHIVGSPSGEVPIEGEHEYREHIPEWHMETSWMXMZEW%PWIPIGGMSREVEPKYRSHIIWXSWHMWISWWITVIWIRXEVRIPIQIRXSWHIHMWIS]LYIGSWHIGSPSGEGMRTEVEIPXI\XS]SXVSWSFNIXSW
'YERHSWIGVIEYRERYIZEHMETSWMXMZEWMIQTVIHIFIVIPIKMVYREYXSHMWIS)RGEWSUYIRSPIWIEXMPIPEYXSHMWISIPIKMHSTSHVGEQFMEVPSIRGYEPUYMIVQSQIRXS%YRUYIGEQFMIIPHMWISHIPEHMETSWMXMZEPEMRJSVQEGMRI\MWXIRXIRSWIQSHMJMGEV9REZI^UYI4S[IV4SMRXETPMGEIPHMWISYWXIHTSHVEGSQSHEVPSWLYIGSWHIGSPSGEGMRIRPETSWMGMRUYIHIWII
(MWISHIXI\XS
(MWISHIXI\XS
(METSWMXMZEHI8XYPS
7PSXXYPS
8XYPS]XI\XS
8XYPS]XI\XSEHSWGSPYQREW
)R&PERGS
'SRXIRMHS
8XYPS]SFNIXSW
8XYPS]SFNIXSW
8XYPSSFNIXS]SFNIXSW
8XYPSSFNIXSW]SFNIXS
-
1MGVSWSJX4S[IV4SMRX
(MWISHISFNIXSW (MWISHIXI\XS]SFNIXSW
8XYPSGPMTQYPXMQIHME]XI\XS
8XYPS]SFNIXSW
8XYPSXI\XS]SFNIXSW
8XYPSSFNIXSW]XI\XS
8XYPSXI\XS]SFNIXSW
8XYPSSFNIXSW]XI\XS
8XYPS]XI\XSIRGMQEHIPSWSFNIXSW
8XYPS]SFNIXSWIRGMQEHIPXI\XS
8XYPS]SFNIXSWIRGMQEHIPXI\XS
8XYPS]XI\XSIMQKIRIWTVIHMWIEHEW
8XYPSMQKIRIWTVIHMWIEHEW]XI\XS
8XYPSXI\XS]GPMTQYPXMQIHME
8XYPSXI\XS]KVJMGS
8XYPSKVJMGS]XI\XS
-
1MGVSWSJX4S[IV4SMRX
7IPIGGMRHIXI\XSWIRPEZMWXEIWUYIQEW
4EVEWIPIGGMSREVXI\XSHIFIVVIEPM^EVPSWWMKYMIRXIWTEWSW
'YERHSIPTYRXIVSHIP1SYWIGEQFMIWYJSVQELEKEYRGPMGTEVEUYIETEVI^GEIPGYVWSVXMXMPERHSIRIPGSQMIR^SHIPXI\XS
'SPSUYIIPTYRXIVSHIPQSYWIEP'SQMIR^SHIPXI\XSUYIHIWIEWIPIGGMSREV
8XYPS]KVJMGS
8XYPS]XEFPE
8XYPS]HMEKVEQEYSVKERMKVEQE
4YRXIVSHIPQSYWI
8VERWJSVQEGMRHIP TYRXIVS
-
1MGVSWSJX4S[IV4SMRX
,EKEYRGPMG]WMRWSPXEVEVVEWXVILEGMEPEHIVIGLELEWXEWIPIGGMSREVPEPIXVEPETEPEFVEIPTVVEJSSXI\XSUYIHIWII
3XVEW*SVQEWHIWIPIGGMRHI8I\XS
7IPIGGMR 3TIVEGMR
9RETEPEFVE
9RTVVEJS
6IEPMGIHSFPIGPMGWSFVIPEQMWQE
6IEPMGIXVMTPIGPMGIRGYEPUYMIVTYRXSHIPTVVEJS
8SHSIPXI\XSHIYREHMETSWMXMZE 6IEPMGIHSFPIGPMGIRIPGSRSHIPEHMETSWMXMZE
8SHSIPXI\XSHIPETVIWIRXEGMR 4YPWIPEWXIGPEW]
9RGEVEGXIVEPEM^UYMIVHEHIPTYRXSHIMRWIVGMR
4YPWIPEWXIGPEW
9RGEVEGXIVEPEHIVIGLEHIPTYRXSHIMRWIVGMR
*PIGLEM^UYMIVHE
]
4YPWIPEWXIGPEW
*PIGLEHIVIGLE
]
*SVQEXSHIPSWXI\XSW
4EVEGEQFMEVIPJSVQEXSHIPXI\XSWMKEIWXSWTEWSW
)RTVMRGMTMSWIPIGGMSRIIPXI\XSUYIHIWIEGEQFMEV0YIKSYXMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
8I\XSWIPIGGMSREHS
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPEFEVVEHI,IVVEQMIRXEW*SVQEXS
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIR*SVQEXS*YIRXI%TEVIGIVIWXIGYEHVS
7IPIGGMSRIEPKYRSWJSVQEXSWTEVEIPXI\XSWIPIGGMSREHS%GITXIIPGYEHVS
7SPETEJYIRXI
*YIRXI
8EQESHIJYIRXI
)WXMPSW
%PMRIEGMR
:MIXEW 7ERKVEW
%YQIRXESHMWQMRY]IIP
XEQESHIJYIRXI'SPSVHI JYIRXI
)WXMPSHI(METSWMXMZE
2YIZEHMETSWMXMZE
7IPIGGMSRIIPXMTSHIPIXVEJYIRXI )PMNEYRIWXMPS )PMNEIPXEQESHIPEJYIRXI
7IPIGGMSRIYRGSPSV
7IPIGGMSRIYRXMTSHI
IJIGXSTEVEIPXI\XSWMEWPS
HIWIE
%GITXIIPGYEHVS
-
1MGVSWSJX4S[IV4SMRX
)WXMPSWHI*YIRXI
*YIRXI )WXMPS )NIQTPS
2SVQEP 1MGVSWSJX4S[IV4SMRX
'YVWMZE 1MGVSWSJX4S[IV4SMRX
2IKVMXE 1MGVSWSJX4S[IV4SMRX
2IKVMXEGYVWMZE 1MGVSWSJX4S[IV4SMRX
%VMEP
)JIGXSWHI*YIRXI
)JIGXS )NIQTPS
7YTIVRHMGI 1MGVSWSJX4S[IV4SMRX
7YFRHMGI 1MGVSWSJX4S[IV4SMRX7SQFVE
6IPMIZI
7YFVE]EHS 1MGVSWSJX4S[IV4SMRX
%TPMGEGMRHIJSVQEXSWHIWHIPEFEVVEHILIVVEQMIRXEW
3TGMSRIWHIPE&EVVEHI,IVVEQMIRXEW
,IVVEQMIRXEW )NIQTPS
8EQESHI*YIRXI 1MGVSWSJX4S[IV4SMRX
8EQES
'SQERHS
)WXMPSW
2IKVMXE
'YVWMZE
7YFVE]EHE
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
7SQFVE 1MGVSWSJX4S[IV4SMRX
2IKVMXE
'YVWMZE
7YFVE]EHS
7SQFVE
-
1MGVSWSJX4S[IV4SMRX
%PMRIEGMR
-^UYMIVHE
'IRXVEV
(IVIGLE
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
:MIXEW
2YQIVEGMR
:MIXEW
1MGVSWSJX4S[IV4SMRX1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
'SPSVHIJYIRXI
8EQES
%YQIRXEVXEQESHIJYIRXI
(MWQMRYMVXEQESHIJYIRXI
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
1MGVSWSJX4S[IV4SMRX
)WXMPSHIHMETSWMXMZEW
2YIZEHMETSWMXMZE
%PMRIEVE PE M^UYMIVHE
'IRXVEV
%PMRIEVEPEHIVIGLE
2YQIVEGMR
:MIXEW
'SPSVHIJYIRXI
%YQIRXEVXEQESHIJYIRXI
(MWQMRYMVXEQESHIJYIRXI
)WXMPSHIPEHMETSWMXMZE
2YIZEHMETSWMXMZE
-
1MGVSWSJX4S[IV4SMRX
)PIKMVYREGSQFMREGMRHIGSPSVIWTVIIWXEFPIGMHE
%FVEPETVIWIRXEGMRUYIHIWIEQSHMJMGEV,EKEGPMGIRIPQIR:IV4ERIPHIXEVIEW%TEVIGIVIWXITERIP
4IVWSREPM^EVYREGSQFMREGMRHIGSPSVIW
7MRSPIEKVEHERMRKYREHIPEWGSQFMREGMSRIWTVIIWXEFPIGMHEWUYIIRGYIRXVEIRPEWSPETE)WXRHEVTSHVYXMPM^EVPEWSPETE4IVWSREPM^EHETEVEIPIKMVWYWTVSTMSWGSPSVIW6IEPMGIIRXSRGIWPSWWMKYMIRXIWTEWSW
%FVEPETVIWIRXEGMRUYIHIWIEQSHMJMGEV,EKEYRGPMGIRIPQIR*SVQEXS)WXMPSHIPEHMETSWMXMZE%TEVIGIVIPTERIPHIXEVIEW
E,EKEGPMG
F,EKEGPMG
G,EKEGPMG
H3FWIVZIPEPMWXE HI STGMSRIWUYIETEVIGIEPWIPIGGMSREV PE'SQFMREGMSRIW
HIGSPSVIW]LEKEGPMGIRIPQSHIPS UYITVIJMIVE
I,EKEGPMG
J7IPIGGMSRIGSRYRGPMG PESTGMRUYIRIGIWMXI
-
1MGVSWSJX4S[IV4SMRX
E,EKEGPMG
F,EKEGPMG
I)PMNEGEHEYREHIPEWVIEWHI PEHMETSWMXMZE
G,EKEGPMG(IIWXEQERIVEETEVIGIV PEWMKYMIRXI JMKYVE
J4YPWIIPFSXRTEVEIPIKMVYRRYIZSGSPSV TEVEIPVIE WIPIGGMSREHE
H,EKEGPMG
K,EKEGPMGTEVEZIVPSWGEQFMSW
-
1MGVSWSJX4S[IV4SMRX
)PMQMREVYREGSQFMREGMRHIGSPSVIW
,EKEYRGPMGIRIPQIR:IV4ERIPHIXEVIEW(IWHIIPTERIPHIGSRXVSPWIPIGGMSRIPESTGMR'SQFMREGMSRIWHIGSPSVIW0YIKSWMKEIWXSWTEWSW
'STMEVYREGSQFMREGMRHIGSPSVIW
4S[IV4SMRXPITIVQMXIGSTMEVYREGSQFMREGMRHIGSPSVIWHIYREHMETSWMXMZE]ETPMGEVPEIRSXVEWHMETSWMXMZEWHIPEQMWQETVIWIRXEGMRYXMPM^ERHSPESVHIR'STMEVJSVQEXS4EVEIPPSVIEPMGIPSWWMKYMIRXIWTEWSW
%FVEYRE4VIWIRXEGMR]YFUYIWIIRPEZMWXE'PEWMJMGEHSVHIHMETSWMXMZEW7IPIGGMSRIPEHMETSWMXMZEUYITSWIIIPJSVQEXSHIWIEHS,EKEYRGPMGWSFVIIP-GSRS'STMEVJSVQEXSHIPEFEVVEHILIVVEQMIRXEW0YIKSWIPIGGMSRIPEHMETSWMXMZEEPEUYIHIWIEETPMGEVPIIPJSVQEXSGSTMEHS
*SRHSHIYREHMETSWMXMZE
4S[IV4SMRXPITIVQMXIEKVIKEVYRJSRHSEGEHEYREHIPEWHMETSWMXMZEWYXMPM^ERHSWSQFVEWXI\XYVEWTEXVSRIWMQKIRIWSFMIRGSPSVIWWPMHSW4EVEIPPSVIEPMGIPSWWMKYMIRXIWTEWSW
G,EKEGPMGIRPEQMRYEXYVE
I,EKEGPMGF)PMNEPEWSPETE)\XRHEV
H,EKEGPMGTEVEIPMQMREVPEGSQFMREGMR
E,EKEGPMG
G,EKEGPMGTEVEETPMGEVPEGSQFMREGMR
'STMEVJSVQEXS
-
1MGVSWSJX4S[IV4SMRX
9FMUYIWIIRPEHMETSWMXMZEHIWIEHE,EKEGPMGIRIPQIR*SVQEXS*SRHS%TEVIGIVIWXIGYEHVS
1WGSPSVIW
7SPETE4IVWSREPM^EHS 7SPETE)WXRHEV
E,EKEGPMGIRPEPMWXEHIWTPIKEFPI
G,EKEGPMGIRYRSHIIWXSWFSXSRIWWIKRGSVVIWTSRHE
F,EKEGPMGWSFVIYRGSPSV
-
1MGVSWSJX4S[IV4SMRX
)JIGXSWHIVIPPIRS
7SPETE(IKVEHEHS
7SPETE8I\XYVE
J,EKEGPMGIRIWXIFSXREPXIVQMREV
I,EKEGPMGIRIWXIFSXREPXIVQMREV
E,EKEGPMGWSFVIIWXEWSPETE
F,EKEGPMGIRPEGERXMHEHHIGSPSVIW
UYIETPMGEV
G1YIZEPEWFEVVEWTEVELEGIV
XVERWTEVIRXIPSWGSPSVIW
H)PMNEPEHMVIGGMRHIPHIKVEHEHS
E)PMNEPEWSPETE
F,EKEGPMGIRPEXI\XYVEEHIGYEHE
G,EKEGPMGIRIWXIFSXREPXIVQMREV
-
1MGVSWSJX4S[IV4SMRX
7SPETE8VEQE
7SPETE-QEKIR
E,EKEGPMGIRIWXEWSPETE H,EKEGPMG
EPXIVQMREV
G7IPIGGMSRIPSWGSPSVIW
TEVEPEXVEQE
F7IPIGGMSRIYREXVEQE
E,EKEGPMGWSFVIIWXEWSPETE
F,EKEGPMGWSFVIIWXIFSXR]IRIPGYEHVSUYIETEVIGIFYWUYI]
WIPIGGMSRIIPEVGLMZSHIPEMQEKIRUYIHIWIEYXMPM^EV
G,EKEGPMGEPXIVQMREV
-
1MGVSWSJX4S[IV4SMRX
%8)2'-27MYXMPM^ EGSRJVIGYIRGMEPEGSQFMREGMRHIGSPSVIWUYILETIVWSREPM^ EHSLEKEYRGPMGIRIPFSXR%KVIKEVGSQSGSQFMREGMRIWXRHEV(IIWXEJSVQEPETV\MQEZI^ UYIRIGIWMXIETPMGEVIWXEGSQFMREGMRRSXIRHV
UYITIVWSREPM^ EVPERYIZEQIRXI]EUYIIWXEVIRPEJMGLE)WXRHEVGSQSYREGSQFMREGMRTVIIWXEFPIGMHE
4PERXMPPEWHIHMWIS
0EWTPERXMPPEWWSRJSVQEXSWHIHMETSWMXMZEWTVIHMWIEHSWTEVEETPMGEVEPEWHMETSWMXMZEW)PSFNIXMZSHIPEWTPERXMPPEWIWTIVWSREPM^EVPEWTVIWIRXEGMSRIWHIYREQERIVEVTMHE]IRJYRGMRHIPTFPMGSEPUYIWIHIWXMRE]HIPXIQEHIUYIWIXVEXI
4EVEEGXMZEVYRETPERXMPPEWMKEIPWMKYMIRXITVSGIHMQMIRXS
%GXMZIPESTGMR4ERIPHIXEVIEWHIWHIIPQIR:IV7MKEIWXSWTEWSW
%8)2'-24S[IV4SMRXPISJVIGITSWMFMPMHEHIWHIEYXSHMWISGEHEYREHIPEWGYEPIWGSRXMIRIRHMJIVIRXIWQEVGE
HSVIWHITSWMGMRTEVEXXYPSWXI\XSW
MQKIRIWTVIHMWIEHEWKVJMGSWXEFPEWIXG
F,EKEGPMGWSFVIIWXESTGMRE,EKEGPMGWSFVIIPFSXRHI
PMWXEHIWTPIKEFPI
G9FMUYIIPTYRXIVSWSFVIYRQSPHITEVEPEWHMETSWMXMZEWTIVSRSLEKEGPMG
G7IPIGGMSRIYRESTGMRHSRHIETPMGEVIPQSHIPSWIKRGSVVIWTSRHE
G'YERHSZIEPETYRXEHIJPIGLEEPEHIVIGLELEKEGPMGIRIPPE
-
1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE*SVQEXSHIPEWHMETSWMXMZEW7YFXIQE%TPMGEVTPERXMPPEHI
HMWIS4SVINIQTPS
-
1MGVSWSJX4S[IV4SMRX
,IVVEQMIRXEWGSQYRIWEPTEUYIXI3JJMGI
'SVVIKMVPESVXSKVEJEHIYRXI\XS
1MGVSWSJX4S[IV4SMRXPITVSTSVGMSREYRELIVVEQMIRXEGSRPEGYEPTSHVHMWXMRKYMVWMWYXI\XSXMIRIEPKRIVVSVHISVHIRSVXSKVJMGS4EVEUYITYIHEMHIRXMJMGEV PSWIVVSVIWSVXSKVJMGSW4S[IV4SMRXWYFVE]EIRIP XI\XS PEWTEPEFVEWHIWGSRSGMHEWSUYIIRGYIRXVIMRGSVVIGXEQIRXIIWGVMXEW
)NIQTPS8MTSHIIVVSV
3VXSKVJMGS2SXEVUYIPETEPEFVEWIWYFVE]EGSRYREPRIESRHYPEHEHIGSPSVVSNS
)VVSVIW3VXSKVJMGSW]+VEQEXMGEPIW
4EVEYXMPM^EVIPGSQERHS3VXSKVEJEHIFIWIKYMVPSWWMKYMIRXIWTEWSW
9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
,EKEGPMGIR,IVVEQMIRXEW3VXSKVEJE
,EKEGPMGIRIWXIFSXR
STGMRHIWHIPE&EVVEHIQIR
STGMRHIWHIPE&EVVEHILIVVEQMIRXEW
869'3
4EVEEGXMZEVIPGYEHVSHIHMPSKSVTMHEQIRXI
4VIWMSRIPEXIGPE
%TEVIGIVIWXIGYEHVS
3VXSKVEJE
-
1MGVSWSJX4S[IV4SMRX
'YEHVSHI(MPSKS3VXSKVEJE
(IWHIEUYTSHVSFWIVZEVPEWTEPEFVEWUYILE]EWYFVE]EHS4S[IV4SMRX
0E STGMRHI PE7YKIVIRGME PI TIVQMXIIPIKMV GSR YR GPMG PE TEPEFVE UYIVIIQTPE^EVEPETEPEFVEQEPIWGVMXE
9RE ZI^ UYI IPMNE HIWHI PE STGMR7YKIVIRGMEPETEPEFVEUYIVIIQTPE^EVEPETEPEFVEIRGSRXVEHEHIFILEGIVYRGPMGWSFVI IWX FSXR%W PE TEPEFVEQEPIWGVMXE GEQFMEV TSV PE WYKIVIRGME0YIKSTSHVGSRXMRYEVMRHMZMHYEPQIRXIGSVVMKMIRHS IP VIWXS HI PEW TEPEFVEWWYFVE]EHEW
7MIPXI\XSTSWIIYRETEPEFVEQEPIWGVMXEUYIETEVIGIZEVEWZIGIWHIRXVSHIPXI\XSTSHV YXMPM^EV IWXI FSXR EW GSVVIKMVXSHEWIWEWTEPEFVEWHIYREWSPEZI^
7M4S[IV4SMRXWYFVE]EEPKYREWTEPEFVEWUYI WI IRGYIRXVIR FMIR IWGVMXEW TSVINIQTPS RSQFVIW TVSTMSW UYI IPHMGGMSREVMSRSXMIRIMRGSVTSVEHSXIRHVHMWTSRMFPIPESTGMR3QMXMVXSHEWUYIRSXSQEV IR GYIRXE IWXE TEPEFVE 0IUYMXEVIPWYFVE]EHSHINRHSPEXEPGSQSPELEFEIWGVMXS%HIQWSQMXMV XSHEW PEWETEVMGMSRIW HI PE TEPEFVE IR IPHSGYQIRXS
)RIPGEWSUYIPETEPEFVEWIIRGYIRXVIFMIRIWGVMXE]PEYXMPM^EGSRJVIGYIRGMEIRZEVMSWHSGYQIRXSWTSHVLEGIVYRGPMGIRIWXFSXR%YXSQXMGEQIRXIWIEKVIKEVEPHMGGMSREVMS(IIWXEQERIVEJSVQEVTEVXIHIPQMWQS]RSZSPZIVEWYFVE]EVWI
-
1MGVSWSJX4S[IV4SMRX
869'3
4EVEGSVVIKMVPEWTEPEFVEWQEPIWGVMXEWHIWHIIPHSGYQIRXSWMKEIWXSWTEWSW
'SPSUYIIPTYRXIVSHIPQSYWIWSFVIPETEPEFVEWYFVE]EHEUYIHIWIEGSVVIKMV
E'SPSUYIIPTYRXIVSHIPQSYWIWSFVIPETEPEFVEWYFVE]EHEUYIHIWIEGSVVIKMV
G%TEVIGIVIWXEPMWXEHIWTPIKEFPI%UYTSHVWIPIGGMSREVEXVEZWHIPEWWYKIVIRGMEWPETEPEFVEGSVVIGXE
F,EKEGPMGGSRIPFSXRHIVIGLSHIPQSYWI
-
1MGVSWSJX4S[IV4SMRX
-RWIVGMRHIMQKIRIW
0EMRWIVGMRHIMQKIRIWIRPEWTVIWIRXEGMSRIWJEGMPMXERPEI\TSWMGMRHIPEWMHIEWUYIWIHIWIERXVERWQMXMVLEGMRHSPEWEHIQWQWEXVEGXMZEW]JGMPIWHIIRXIRHIV
4S[IV4SMRXTVIWIRXEHSWJSVQEWHIMRWIVXEVMQKIRIWYXMPM^ERHSPEKEPIVEHIMQKIRIWTVIHMWIEHEWSYXMPM^ERHSMQKIRIWUYITYIHEXIRIVHMWTSRMFPIWIRWYGSQTYXEHSVE
4EVEMRWIVXEVYREMQEKIRHIWHIPEKEPIVEHIMQKIRIWHI4S[IV4SMRXWMKEIWXSWTEWSW
,EKEGPMGIRPEHMETSWMXMZEHSRHIMRWIVXEVPEMQEKIR9XMPMGIGYEPUYMIVEHIPSWWMKYMIRXIWGEQMRSW
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIRIPQIR-RWIVXEV-QEKIR-QKIRIWTVIHMWIEHEW
3TGMRHIWHIPE&EVVEHI(MFYNS
,EKEGPMGIRIPFSXRUYIWIYFMGEIRPEFEVVEHIHMFYNS
-QKIRIW
9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIIP4ERIPHIXEVIEW-RWIVXIMQKIRIWTVIHMWIEHEW&YWGEV
-RWIVXEVMQEKIRTVIHMWIEHE
E)WGVMFEIPRSQFVIHIPEMQEKIRUYIHIWIEFYWGEV
F,EKEGPMGIRIWXIFSXR
G,EKEGPMGWSFVIPEMQEKIRUYIHIWIEMRWIVXEV
-QEKIRMRWIVXEHE
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIIP4ERIPHIXEVIEW-RWIVXIMQKIRIWTVIHMWIEHEW+EPIVE1YPXMQIHME
9XMPMGIYRSHIIWXSWGEQMRSWTEVEEKVIKEVPEIR PEHMETSWMXMZE
E (IWHIIPGYEHVSHIHMPSKS+EPIVEQYPXMQIHMELEKEGPMGIRIPQIR)HMGMR'STMEV'MIVVIIPGYEHVS(IWHIPEFEVVEHIQIRLEKEGPMGIR)HMGMR4IKEV
F,EKEYRGPMGWSFVIPEMQEKIRUYIHIWIE]WMRWSPXEVEVVEWXVILEWXEPELSNE'MIVVIIPGYEHVS
7IPIGGMSRIYREGEXIKSVE 7IPIGGMSRIYREMQEKIR
,EKEGPMGWSFVI+EPIVEQYPXMQIHME
-
1MGVSWSJX4S[IV4SMRX
)RIPGEWSHIUYIHIWIIMRWIVXEVYREMQEKIRUYILE]EGVIEHSIRYRIHMXSVHIMQKIRIWGSQSTSVINIQTPS4EMRX(IFIVVIEPM^EVPSWWMKYMIRXIWTEWSW
(IWHIPEFEVVEHIQIRLEKEGPMGIR-RWIVXEV-QEKIR(IWHIEVGLMZS%TEVIGIVIWXIGYEHVS
-RWIVGMRHIMQKIRIWHIWHIEVGLMZS
,EKEYRGPMG]QERXIRMIRHSIPFSXRM^UYMIVHSHIPQSYWITVIWMSREHSEVVEWXVIPEMQEKIRLEWXEPEHMETSWMXMZE
%8)2'-2)RGEWSHIUYIRSIRGYIRXVIPEMQEKIRUYIRIGIWMXITYIHIYXMPM^EVIPFSXR5YIPITIVQMXIEGGIHIVESXVEWMQKIRIW4EVEYXMPM^EVIWXEWKEPIVEWHIFIHMTSRIVHIYREGSRI\MRE-RXIVRIX%PTVIWMSREVIWXIFSXRWIEFVMVPETKMREHI1MGVSWSJX
SJVIGMRHSPIYREEQTPMEKEPIVE
-
1MGVSWSJX4S[IV4SMRX
&EVVEHILIVVEQMIRXEW-QEKIR
%PMRWIVXEVYREMQEKIRWIEGXMZEEYXSQXMGEQIRXIPEFEVVEHIMQEKIR
&EVVEHIMQEKIR
%8)2'-2)RIPGEWSUYIRSWITVIWIRXIIWXEFEVVELEKEYRGPMGIRIPQIR:IV&EVVEWHILIVVEQMIRXEW]WIPIGGMSRIPESTGMR -QEKIR
,IVVEQMIRXEWHIPE&EVVEHILIVVEQRMIRXEW-QEKIR
,IVVEQMIRXE (IWGVMTGMR
-RWIVXEYRERYIZEMQEKIRHIWHIPSWEVGLMZSW
'SRXVSPEPSWGSPSVIWHIPEMQEKIRWIPIGGMSREHE
7IPIGGMSRI PEYFMGEGMRHIPEVGLMZSUYI
HIWIE MRWIVXEV
7IPIGGMSRIIPEVGLMZS
,EKEGPMGIRIWXIFSXR
-RWIVXEVMQEKIR
'SPSV
-
1MGVSWSJX4S[IV4SMRX
%YQIRXEIPGSRXVEWXIHIPSWGSPSVIW
(MWQMRY]IIPGSRXVEWXIHIPSWGSPSVIW
%YQIRXEIPFVMPPSHIPSWGSPSVIW
(MWQMRY]IIPFVMPPSHIPSWGSPSVIW
6IGSVXEPEMQEKIRHIWHIPSWQERINEHSVIW4EVEYXMPM^EVIWXELIVVEQMIRXE
9FMUYIIPTYRXIVSHIPQSYWIWSFVIYRSHIPSWQERINEHSVIW,EKEYRGPMG]WMRWSPXEVEVVEWXVILEGMEHIRXVSHIPEJMKYVE
-QEKIR VIGSVXEHE
+MVEPEWMQKIRIWXSQERHSGSQSTYRXSHIINIPSWQERINEHSVIW
1IRSWFVMPPS
1EWFVMPPS
1IRSWGSRXVEWXI
1EWGSRXVEWXI
6IGSVXEV
+MVEVEPEM^UYMIVHE
4YRXIVSHIPQSYWI XVERWJSVQEHS
-QEKIRWIPIGGMSREHE 6IWYPXEHS EP TVIWMSREV IP FSXR+MVEVEPEM^UYMIVHEYREZI^
6IWYPXEHSEPTVIWMSREVIPFSXR+MVEVEPEM^UYMIVHETSVWIKYRHEZI^
6IWYPXEHS EP TVIWMSREV IP FSXR+MVEVEPEM^UYMIVHETSVXIVGIVEZI^
-
1MGVSWSJX4S[IV4SMRX
1ERINEHSVHIKMVS
9FMUYIIPTYRXIVSHIPQSYWIWSFVIIPQERINEHSVHIKMVS'YERHSIPTYRXIVSHIPQSYWI WI XVERWJSVQILEKEYRGPMG]WMRWSPXEVKMVI
4YRXIVSHIPQSYWI XVERWJSVQEHS
-QEKIR KMVERHS
7IPIGGMSRI PEMQEKIRGSRYRGPMG
+MVEVEPEM^UYMIVHE
)WXMPSHIPRIE ,EKEGPMGWSFVIYRXMTS]KVSWSVHIPRIE
-QEKIR GSR PRIE
-
1MGVSWSJX4S[IV4SMRX
4S[IV4SMRXPITIVQMXIQSHMJMGEVPSWGSPSVIWHIYREMQEKIRTVIHMWIEHE
TEVEQINSVEVWYTVIWIRXEGMRSTEVEUYIPSWGSPSVIWWIENYWXIRQINSVE
PEGSQFMREGMRHIGSPSVIWUYITSWIIPEHMETSWMXMZE4EVEIPPSVIEPMGIPSW
WMKYMIRXIWTEWSW
'SQTVMQMVMQEKIRIW 7IPIGGMSRIIPXMTSHIVIWSPYGMR
%GITXIIPGYEHVS
:SPZIVEGSPSVIEVPE MQEKIR
7IPIGGMSRIPEMQEKIR
(IWHIPEFEVVEHIMQEKIRLEKEYRGPMGWSFVIIWXIFSXR
:SPZIVEGSPSVIEVPE MQEKIR
%TEVIGIVIWXIGYEHVSE)RIWXEGSPYQRETSHVZIVPSWGSPSVIWSVMKMREPIWHIPEMQEKIR
F)RIWXEGSPYQREIPMNEPSWGSPSVIWRYIZSW G,EKEGPMG
-
1MGVSWSJX4S[IV4SMRX
-QEKIRWMR XVERWTEVIRGME -QEKIR GSR XVERWTEVIRGME
(INEPEMQEKIRGSQSVIGMRMRWIVXEHEFSVVERHSPSWIJIGXSWETPMGEHSW
1SHMJMGEVIPEWTIGXSHIYREMQEKIR
4EVEQSHMJMGEVIPXEQESHIYREMQEKIRWMKEIWXSWTEWSW
7IPIGGMSRIPEMQEKIRGSRYRGPMG9FMUYIIPTYRXIVSHIPQSYWIWSFVIGYEPUYMIVHIWYWQERINEHSV
'YERHSIPTYRXIVSHIPQSYWIWIXVERWJSVQIIRYREHSFPIJPIGLELEKEYRGPMG]WMRWSPXEVEVVEWXVILEGMEJYIVEHIPEMQEKIRTEVEEKVERHEVSLEGMEHIRXVSHIPEMQEKIRTEVEEGLMGEV
1ERINEHSVIWHIYREMQEKIR WIPIGGMSREHE
(IJMRMVGSPSVXVERWTEVIRXI
6IWXEFPIGIVMQEKIR
8VERWJSVQEGMR4YRXIVSHIPQSYWI
7MEVVEWXVELEGMEJYIVEPEMQEKIR WI EKVERHE
7MEVVEWXVELEGMEHIRXVSPEMQEKIR WIEGLMGE
-
1MGVSWSJX4S[IV4SMRX
1ERINEHSVIWWYTIVMSVIMRJIVMSV
%KVERHESEGLMGEIPEPXSHIPE MQEKIR
1ERINEHSVIWM^UYMIVHS]HIVIGLS
%KVERHESEGLMGEIPERGLSHI PE MQEKIR
1ERINEHSVIWHIPSWI\XVIQSW
%KVERHESEGLMGE PE MQEKIRIR JSVQETVSTSVGMSREP EPERGLS]IPEPXSHIPEQMWQE
-
1MGVSWSJX4S[IV4SMRX
;SVH%VX
-RGSVTSVEGMRHIXI\XSWEVXWXMGSW
4EVEXVEFENEVGSRXI\XS;SVH%VXWMKEIWXSWTEWSW
,EKEGPMGHSRHIMRWIVXEVIPXI\XS;SVH%VX(IWHIPEFEVVEHIQIRLEKEGPMGIR-RWIVXEVz-QEKIRz;SVH%VX%TEVIGIVIWXIGYEHVS
7IPIGGMSRIYRXMTSHIIWXMPS
%GITXIIPGYEHVS
)WGVMFEIPXI\XSUYIHIWIETEVEIPSFNIXS
7IPIGGMSRIYRXMTSHIJSVQEXS
*MREPQIRXIEGITXIIPGYEHVS
-
1MGVSWSJX4S[IV4SMRX
)NIQTPS;SVH%VX
3TGMSRIWHIPEFEVVEHILIVVEQMIRXEW;SVH%VX
9REZI^MRWIVXEHSIPSFNIXS;SVH%VXETEVIGIVPEFEVVEHILIVVEQMIRXEWHI;SVH%VX
%8)2'-2)RGEWSHIUYIPEFEVVE;SVH%VXRSWIEGXMZIZE]EEPQIR:IV&EVVEWHILIVVEQMIRXEW;SVH%VX
,IVVEQMIRXEWHIPE&EVVEHILIVVEQMIRXEW;SVH%VX
,IVVEQMIRXE (IWGVMTGMR
-RWIVXEYRRYIZSSFNIXS;SVH%VX
1SHMJMGEIPXI\XSHIYRSFNIXS;SVH%VX
7IPIGGMSRIIPSFNIXS;SVH%VXUYIHIWIEQSHMJMGEVGSRYRGPMG]YXMPMGIIWXIFSXRTEVEGEQFMEVPSWGSPSVIW]JSVQEWHIPQSHIPSIPIKMHSIRPEKEPIVE
)WXIFSXRHEJSVQEXSEPEPRIE]IPVIPPIRSHIPEWPIXVEW]TIVQMXIGEQFMEVWYWQIHMHEW
-RWIVXEV;SVHEVX
1SHMJMGEVXI\XS
+EPIVEHI;SVHEVX
*SVQEXSHI;SVHEVX
*SVQEHI;SVHEVX
)WXIFSXRGEQFMEPEGYVZEXYVEHIPSFNIXS;SVH%VX
-
1MGVSWSJX4S[IV4SMRX
'YERHSIPXI\XSTSWIIZEVMSWVIRKPSRIWIWXEWSTGMSRIWTIVQMXIRGEQFMEVWYEPMRIEGMR
'SPSGEIPQMWQSEPXSHIPIXVEXERXSTEVEPEWQE]WGYPEWGSQSPEWQMRWGYPEW
'SPSGEPEWPIXVEWHIPXI\XS;SVH%VXIRJSVQE:IVXMGEPYREHIFENSHISXVE
'EQFMEIPIWTEGMSUYILE]IRXVIGEHEPIXVEHIPSFNIXS;SVH%VX
%PMRIEGMRHI;SVHEVX
1MWQSEPXSHIPEWPIXVEWHI;SVHEVX
8I\XSZIVXMGEPHI;SVHEVX
)WTEGMSIRXVIGEVEGXIVIWHI;SVHEVX
-
1MGVSWSJX4S[IV4SMRX
(MFYNEVIR1MGVSWSJX4S[IV4SMRX
3TGMSRIWHIHMFYNS
4EVEHMFYNEVHIFIEGXMZEVPEFEVVEHILIVVEQMIRXEWHMFYNSTEVEIPPSWMKEIWXSWTEWSW
(IWHIPEFEVVEHIQIRLEKEGPMGIR:IV&EVVEWHILIVVEQMIRXEW(MFYNS%TEVIGIVIWXEFEVVEHILIVVEQMIRXEW
3TGMSRIWHIPEFEVVEHILIVVEQMIRXEWHIHMFYNS
+VYTS
)WXJSVQEHSTSVPSWHSWTVMQIVSWMGSRSWHIPEFEVVE
,IVVEQMIRXE
+VYTS
(IWGVMTGMR
)WXELIVVEQMIRXEPITIVQMXIEKVYTEV]HIWEKVYTEVSFNIXSWSVHIREVPSWKMVEVPSWIRXVISXVEW
STGMSRIW
)WXELIVVEQMIRXEWIPIGGMSREYRSSQWSFNIXSWEPEZI^7IPIGGMSREVSFNIXSW
(MFYNS
-
1MGVSWSJX4S[IV4SMRX
36()2%6
4VMQIV SFNIXSHMFYNEHS
8IVGIV SFNIXSHMFYNEHS
&SXR(MFYNS3VHIREV
7IKYRHS SFNIXSHMFYNEHS
3TGMR+MVEVSZSPXIEV
7IPIGGMSRI GSRYRGPMGIPSFNIXSUYIHIWIEKMVEV
7IPIGGMSRI PE LIVVEQMIRXE+MVEVPMFVIQIRXIHIWHIIPFSXR(MFYNS+MVEVS
ZSPXIEV:IV GYEXVSQERINEHSVIWZIVHIWEPVIHIHSVHIPE
MQEKIR
9FMUYIIPTYRXIVSHIPQSYWI WSFVI YRS HI PSWQERINEHSVIW LEKEYR GPMG]WMRWSPXEVEVVEWXVILEWXE
KMVEVIPSFNIXS
6IWYPXEHS
7IPIGGMSRI IPSFNIXS9XMPMGI PE LIVVEQMIRXE UYI HIWIITEVE ZSPXIEV IP SFNIXS
3VMKMREP
3VMKMREP
+MVEV PMFVIQIRXI
+MVEVEPEM^UYMIVHE +MVEVEPEHIVIGLE
:SPXIEVLSVM^SRXEPQIRXI :SPXIEVZIVXMGEPQIRXI
-
1MGVSWSJX4S[IV4SMRX
3TGMR%KVYTEV](IWEKVYTEV
7IPIGGMSRI PSW SFNIXSWUYIHIWIE EKVYTEV4EVEIPPS
E7IPIGGMSRIYRSHIPSWSFNIXSWGSRYRGPMGF4VIWMSRIPEXIGPE7,-*8G7MRWSPXEV PE XIGPELEKEGPMGWSFVIIPSXVSSFNIXS3FWIVZI PSWQERINEHSVIW EPVIHIHSVHIGEHESFNIXS
7IPIGGMSRI PE LIVVEQMIRXE%KVYTEVHIWHIIPFSXR(MFYNSUYIWIYFMGEIRPEFEVVEHIHMFYNS 3FWIVZI PSW
QERINEHSVIW EPVIHIHSV HIIWXSWSFNIXSW%KVYTEHSW
)REHIPERXI JSVQEVRYRQMWQSHMFYNS 4SV INIQTPS EPIPIKMVYRGSPSVTEVE PSWSFNIXSWEKVYTEHSW IWXSW WI ETPMGEVR
WMQYPXRIEQIRXI
0SWSFNIXSWEKVYTEHSW XEQFMRWIQYIZIR NYRXSW4EVEIPPS
E,EKEYRGPMGWSFVIIPSFNIXSEKVYTEHSF7MRWSPXEVIPFSXRM^UYMIVHSHIPQSYWIEVVEWXVILEWXEIRGSRXVEV IP PYKEV HIWIEHS
%P(IWEKVYTEV PSWSFNIXSWXEQFMRTSHVRZSPZIVEQSZIVWI
MRHMZMHYEPQIRXI4EVEIPPS
E,EKEYRGPMGWSFVIIPSFNIXSUYIHIWIEQSZIVF7MRWSPXEVIPFSXR M^UYMIVHSHIPQSYWIEVVWXVIPSLEWXEIRGSRXVEV PERYIZEYFMGEGMR
7IPIGGMSRIIPSFNIXSEKVYTEHS 0YIKS WIPIGGMSRI PELIVVEQMIRXE(IWEKVYTEVUYI WIYFMGEIRIPFSXR(MFYNSHIPE
FEVVEHI(MFYNS0SWSFNIXSWEKVYTEHSW ZYIPZIRE WITEVEVWI 4SV INIQTPS PSWGSPSVIW WIETPMGEVR WPS EPSFNIXS WIPIGGMSREHS
1SZMQMIRXS
-
1MGVSWSJX4S[IV4SMRX
7IPIGGMSREVSFNIXSW
9FMUYIIPTYRXIVSHIPQSYWITSVIRGMQE HI PSWZVXMGIWHI PSWSFNIXSW
,EKEYRGPMG]WMRWSPXEVEVVEWXVILEWXEGYFVMV PSWSFNIXSWHIRXVS HI PEW PRIEWTYRXIEHEWUYIETEVIGIREP EVVEWXVEV IPQSYWI
%TEVIGIVR PSWQERINEHSVIW EPVIHIHSVHIGEHESFNIXS MRHMGERHS PE WIPIGGMRHI PSWQMWQSW
+VYTS
)WXJSVQEHSTSVPEWLIVVEQMIRXEWUYIHMFYNERJSVQEW
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
)WXELIVVEQMIRXESJVIGIGEXIKSVEWUYIEKVYTERPSW
HMFYNSWHIEGYIVHSGSRIPXMTSHIHIJSVQE)\MWXIRKVYTSWHIPRIEWHIGSRIGXSVIWHIJSVQEW
FWMGEW
(MFYNEPRIEWZIVXMGEPIWLSVM^SRXEPIW]HMEKSREPIW
7IPIGGMSRIPELIVVEQMIRXELEKEYRGPMGWSFVIPELSNE]WMRWSPXEVIPFSXREVVEWXVILEWXEIRGSRXVEV PEHMWXERGME]PEHMVIGGMRUYIHIWII
0RIEWIPIGGMSREHE
8VERWJSVQEGMRHIPTYRXIVSMRHMGERHSIPGSQMIR^S
8VERWJSVQEGMRHIPTYRXIVSHYVERXIPEGVIEGMRHIPEPRIE
7IPIGGMSREVSFNIXSW
0RIE
-
1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE3TGMSRIWHI(MFYNS7YFXIQE+VYTS4SVINIQTPS
+VYTS
)WXIKVYTSPISJVIGILIVVEQMIRXEWTEVEEKVIKEVXI\XSWHIHMWXMRXEWGEVEGXIVWXMGEW
(MFYNEJPIGLEWWYYWSIWIPQMWQSUYITEVEPELIVVEQMIRXEPRIE
(MFYNEVIGXRGYPSW]GYEHVEHSW
(MFYNEVVIGXRKYPSW
E 7IPIGGMSRI GSR YR GPMG PE LIVVEQMIRXEVIGXRKYPSF,EKEGPMGWSFVIPELSNE]WMRWSPXEVEVVEWXVI LEWXE IRGSRXVEV PE HMQIRWMRHIWIEHE
(MFYNEVGYEHVEHSW
E 7IPIGGMSRI GSR YR GPMG PELIVVEQMIRXEVIGXRKYPSF4VIWMSRIPEXIGPE7,-*8G7MRWSPXEVPEXIGPELEKEGPMGWSFVIPELSNE] WMR WSPXEV IP FSXR M^UYMIVHSHIPQSYWIEVVEWXVI
(MFYNEIPMTWIW]GVGYPSW
(MFYNEVIPMTWIW
E7IPIGGMSRI PELIVVEQMIRXEIPMTWIF,EKEGPMGWSFVIPELSNE]WMRWSPXEVEVVEWXVI LEWXE IRGSRXVEV PE HMQIRWMRHIWIEHE
(MFYNEVGVGYPSW
E7IPIGGMSRI PELIVVEQMIRXEIPMTWIF4VIWMSRIPEXIGPE7,-*8G7MRWSPXEVPEXIGPELEKEGPMGWSFVIPELSNE]WMRWSPXEVIPFSXR M^UYMIVHSHIPQSYWIEVVEWXVI
)PMTWI
6IGXRKYPS
*PIGLE
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
0EFEVVEHIHMFYNSPISJVIGIYRGEQMRSEPXIVREXMZSTEVEMRWIVXEVPSWXI\XSWIWTIGMEPIW
)WXELIVVEQMIRXEPITIVQMXIGVIEVYRVIEHIRXVSHIPGYEPTSHVIWGVMFMV)PYWSHIIWXELIVVEQMIRXEIWI\EGXEQIRXIMKYEPUYIPE
LIVVEQEQMIRXE6IGXRKYPSTIVSEPXIVQMREVHIGVIEVIPVIGXRKYPSEPWSPXEVIPQSYWIIPGYVWSVETEVIGIVHIRXVSHIPVIETEVEGSQIR^EVE
IWGVMFMV
-RWIVXEV;SVHEVX
'YEHVSHIXI\XS
6ITEWIIPGSRGITXS]IPYWSHIIWXELIVVEQMIRXEIRPETKMRE8IQE;SVH%VX
-
1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE3TGMSRIWHI(MFYNS7YFXIQE+VYTS4SVINIQTPS
+VYTS
)WXIKVYTSGSRXMIRI MGSRSW UYI PI TIVQMXIR MRWIVXEV MQKIRIWTVIHMWIEHEW]HIWHIEVGLMZSW%HIQWTSHVXVEFENEVGSRSVKERMKVEQEW
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
0SWSVKERMKVEQEWSVKERM^ERPSWHEXSWHIYRXIQEHIQERIVEGPEVE]TVIGMWE
4EVEYXMPM^EVIWXELIVVEQMIRXEWMKEIWXSWTEWSW
E,EKEYRGPMGWSFVIPELIVVEQMIRXE-RWIVXEVHMEKVEQEYSVKERMKVEQEUYIWIYFMGEIRPEFEVVEHILIVVEQMIRXEHMFYNSF%TEVIGIVIWXIGYEHVS
,EKEYRGPMGHIRXVSHIYRSHI PSW RMZIPIW]GSQMIRGIEIWGVMFMV
-RWIVXEVHMEKVEQEYSVKERMKVEQE
7IPIGGMSRIYRXMTSHIHMEKVEQE
%GITXIIPGYEHVS
-
1MGVSWSJX4S[IV4SMRX
&EVVEHILIVVEQMIRXEW3VKERMKVEQE
%PGVIEVIPSVKERMKVEQEWITVIWIRXEVPEFEVVEHILIVVEQMIRXEW3VKERMKVEQE)RGEWSHIUYIRSWIEGXMZIZE]EEPQIR:IV&EVVEWHI,IVVEQMIRXEW3VKERMKVEQE
&EVVEHILIVVEQMIRXEW3VKERMKVEQE
,IVVEQMIRXEW (IWGVMTGMR
-RWIVXERYIZSWRMZIPIW]HITIRHMIRXIWWIKRPESTGMRWIPIGGMSREHE
3VKERM^EPSWRMZIPIWLEGMEPEHIVIGLEM^UYMIVHESLEGMEEFENS%HIQWENYWXEIPGSRXIRMHSHIPSVKERMKVEQEVIWTIGXSEPELSNE
7IPIGGMSREEYXSQXMGEQIRXIIPRMZIPUYIHIWII
-
1MGVSWSJX4S[IV4SMRX
6IWYPXEHS
+VYTS
)PUYMRXSKVYTSPITIVQMXIQSHMJMGEVPSWGSPSVIWHIVIPPIRSPRIE]GSPSVIWHIJYIRXIHIGYEPUYMIVSFNIXSHMFYNEHS]TVIZMEQIRXIWIPIGGMSREHS
%YXSJSVQEXS
,EKEGPMGIRIWXI FSXR
7IPIGGMSRIYRIWXMPS TEVE PSW GYEHVSWHIP SVKERMKVEQE
)WXELIVVEQMIRXEPITIVQMXIMRWIVXEVMQKIRIWTVIHMWIEHEW
)WXELIVVEQMIRXEPITIVQMXIMRWIVXEVMQKIRIWHIWHIPSWEVGLMZSWKYEVHEHSWIRYRHMWGS-RWIVXEVMQEKIR
-RWIVXEVMQEKIRTVIHMWIEHE
-
1MGVSWSJX4S[IV4SMRX
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
6IPPIREGSRGSPSVIWWPMHSW]IJIGXSWHIVIPPIRSEPSWSFNIXSWWIPIGGMSREHSW
4EVEYXMPM^EVIWXELIVVEQMIRXEWMKEIWXSWTEWSW
7IPIGGMSRIIPSFNIXSUYIHIWIE VIPPIREV,EKEYRGPMGWSFVIIPFSXR'SPSVHIVIPPIRSHIWHIPEFEVVEHIHMFYNS%TEVIGIVIWXIGYEHVS
%KVIKEGSPSVIWWPMHSWSXVEQEWEPSWFSVHIWHIPSWSFNIXSWWIPIGGMSREHSW
'SPSVWPMHS (IKVEHEHS 8I\XYVE
8VEQE -QEKIR
8EFPEHIHEQEWKVERHIW
'SPSVHIFSVHIXVEQE'SPSVHIFSVHIWPMHS
'SPSVHIVIPPIRS
'SPSVHIPRIE
'SPSVIWWPMHSW
(IKVEHEHSW8I\XYVEW8VEQEW-QKIRIW
-
1MGVSWSJX4S[IV4SMRX
'SPSVIEPSWXI\XSWWIPIGGMSREHSW
+VYTS
)PWI\XSKVYTSPITIVQMXIXVEFENEVGSRPSWIWXMPSWHIPRIEWIWXMPSHIKYMR]IWXMPSWHIJPIGLE
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
)WXELIVVEQMIRXEHEJSVQE]ERGLYVEEPEWPRIEW
4EVEIPPS
E7IPIGGMSRIIPSFNIXSUYIHIWIIGEQFMEVF7IPIGGMSRIPELIVVEQMIRXE)WXMPSHIPRIEHIWHIPEFEVVEHILIVVEQMIRXEW(MFYNSG%TEVIGIVYRE PMWXE GSRHMWXMRXEWSTGMSRIWTEVEETPMGEV TSV INIQTPS
TXS TXS
TXS 1WPRIEW
7PMHS 4YRXS GYEHVEHS +YMR PEVKS +YMR PEVKSTYRXS
0SWIWXMPSWHIKYMSRIWETPMGERHMJIVIRXIWJSVQEWEPXVE^SHIPEWPRIEW
4EVEYXMPM^EVIWXELIVVEQMIRXE
E7IPIGGMSRIIPSFNIXSUYIHIWIIGEQFMEVF7IPIGGMSRIPELIVVEQMIRXE)WXMPSHIKYMRHIWHIPEFEVVEHILIVVEQMIRXEW(MFYNSG%TEVIGIVYREPMWXEGSRHMWXMRXSWXMTSWHI XVE^EHSWTEVEETPMGEV TSV INIQTPS
'SPSVHIJYIRXI
)WXMPSHIPRIE
)WXMPSHIKYMR
-
1MGVSWSJX4S[IV4SMRX
)WXSWIWXMPSWHIJPIGLEWPSETPMGERIWXETVSTMIHEHEJMKYVEWEFMIVXEWGSQSPRIEWIRXVI
SXVEWJMKYVEW
4EVEYXMPM^EVIWXELIVVEQMIRXEWMKEIWXSWTEWSW
E7IPIGGMSRIIPSFNIXSUYIXIRHVIWXIXMTSHIIWXMPSF7IPIGGMSRIPELIVVEQMIRXE)WXMPSHIJPIGLEHIWHIPEFEVVEHIHMFYNSG%TEVIGIVYREPMWXEGSRHMJIVIRXIWTYRXEWHIJPIGLEWTEVEETPMGEV TSV INIQTPS
)WXMPSHIJPIGLE )WXMPSHIJPIGLE
)WXMPSHIJPIGLE )WXMPSHIJPIGLE
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE3TGMSRIWHI(MFYNS7YFXIQE+VYTS4SVINIQTPS
+VYTS
)PPXMQSKVYTSPITIVQMXMVXVEFENEVGSRWSQFVEW]IJIGXSWXVMHMQIRWMSREPIW
+VYTS
,IVVEQMIRXEW (IWGVMTGMR
4EVEYXMPM^EVIWXELIVVEQMIRXEWMKEIWXSWTEWSW
E7IPIGGMSRIIPSFNIXSUYIXIRHVIWXIXMTSHIIWXMPSF7IPIGGMSRIPELIVVEQMIRXE)WXMPSHIWSQFVEHIWHIPEFEVVE HIHMFYNSG%TEVIGIVYRE PMWXE GSRHMWXMRXEWTSWMGMSRIWTEVE PE
WSQFVE TSV INIQTPS
)WXELIVVEQMIRXEETPMGEIJIGXSWHIWSQFVETPEREEPSWSFNIXSWWIPIGGMSREHSW
)WXMPSHIJPIGLE
)WXMPSHIWSQFVE
-
1MGVSWSJX4S[IV4SMRX
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
7SQFVEIWXMPS
%8)2'-2(IWHIIPFSXRIWXMPSHIWSQFVELEKEGPMGIR'SRJMKYVEGMRHIWSQFVEWITVIWIRXEVYREFEVVE)WXE FEVVE PI SJVIGI LIVVEQMIRXEW UYI PI TIVQMXMVRQSZIVPEWSQFVEHEVPIGSPSVSFMIRHIWEGXMZEVPE
4EVEYXMPM^EVIWXELIVVEQMIRXEWMKEIWXSWTEWSW
E7IPIGGMSRIIPSFNIXSUYIXIRHVIWXIXMTSHIIWXMPSF7IPIGGMSRIPELIVVEQMIRXE)WXMPS(HIWHIPEFEVVEHIHMFYNSG%TEVIGIVYREPMWXEGSRHMWXMRXETSWMGMRTEVEPEWSQFVE TSV INIQTPS
)WXELIVVEQMIRXEETPMGEIJIGXSWXVMHMQIRWMSREPIWEPSWSFNIXSWWIPIGGMSREHSW
HIQSHSUYIEHUYMIVEZSPYQIR
)WXMPS(
-
1MGVSWSJX4S[IV4SMRX
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
)WXMPS(
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE3TGMSRIWHI(MFYNS7YFXIQE+VYTS4SVINIQTPS
6IEPMGIPE4VGXMGE0EFSVEPHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE6ITEWS+IRIVEP7YFXIQE4VGXMGE0EFSVEP
%8)2'-2(IWHIIPFSXRIWXMPS HI(LEKEGPMGIR'SRJMKYVEGMR(WITVIWIRXEVYREFEVVEIWXEFEVVEPI SJVIGI LIVVEQMIRXEW UYI PI TIVQMXMVQSZIV PETIVWTIGXMZEHEVPIGSPSVQSHMJMGEVWYTVSJYRHMHEH]PY^IRXVISXVEWSTGMSRIW
-
1MGVSWSJX4S[IV4SMRX
%GXMZMHEH
)RIWXEWIKYRHEEGXMZMHEHYWXIHHIFIVGVIEVYRETVIWIRXEGMRGSRHMETSWMXMZEWHMWXMRXEEPEERXIVMSVYXMPM^ERHSPEWTPERXMPPEWHIHMWISTEVEIPPSHIFIVIEPM^EVPEWMKYMIRXITVGXMGEMRXIKVEHSVEHIGSRSGMQMIRXSW
%FVEIPTVSKVEQEHI4S[IV4SMRX]EFVEYREHMETSWMXMZEIRFPERGS(IWHIIPTERIPHIXEVIEWQIRZIVIPMNE(ITPERXMPPEHIHMWIS]EGEHEYREHIIPPEWETPUYIPIIPHMWISGSVVIWTSRHMIRXIYWERHSPESTGMRHMWISHIPEHMETSWMXMZEHIPQIR*SVQEXS7IPIGGMSRIIPXMTSHITPERXMPPEUYIHIWIIETPMGEVEPEWHMETSWMXMZEW-RWIVXIGSQSQRMQSSXVEWHMETSWMXMZEWQWIRIPWMKYMIRXISVHIR
E (MWTSWMXMZEIRFPERGSF (METSWMXMZEPMWXEGSRZMIXEWG (MWTSWMXMZEXI\XSEHSWGSPYQREWH (METSWMXMZEXI\XSIMQKIRIWTVIHMWIEHEWI (METSWMXMZEMQKIRIWTVIHMWIEHEW]XI\XSJ (METSWMXMZESVKERMKVEQEK (METSWMXMZEKVJMGS]XI\XS
9REZI^UYIXIRKEGVIEHEPEIWXVYGXYVEHIPEWHMETSWMXMZEWXIRHVUYIGSQIR^EVEMRKVIWEVPEMRJSVQEGMRHIPTVSHYGXS)RPEHMWTSWMXMZEIRFPERGSGSPSUYIYRGYEHVSHIXI\XSIMRKVIWIIPXXYPSw0ER^EQMIRXSx9XMPM^ERHSIPXI\XSIWTIGMEPHI;SVHEVXGSPSUYIIPWYFXXYPSw(YPGIGLSOx1SHMJMUYIIPJSVQEXSHIPXI\XSYXMPM^ERHSPEFEVVEHIJSVQEXS]PEFEVVEHILIVVEQMIRXEWHI[SVHEVXETPMUYIWSQFVEIJIGXS(IXG)RPEWIKYRHEHMETSWMXMZEMRKVIWIYREPMWXEGSRZMIXEWUYIHIWGVMFEPEWGEVEGXIVWXMGEWHIPTVSHYGXS'SPSUYIYRGSPSVTEVEVIPPIREVIPGYEHVSHIXI\XS]EKVIKYIYRGSPSVHIPRIE(IWHIPEZMWXE2SVQEPIPMQMRIPEXIVGIVEHMETSWMXMZE)RPEHMWTSWMXMZEXI\XSIMQKIRIWTVIHMWIEHEWMRWIVXIYREMQEKIRTVIHMWIEHEUYIXIRKEVIPEGMRGSRIPRYIZSTVSHYGXS)RPEHMETSWMXMZERQIVSGYEXVSMRWIVXIYREMQEKIRHIWHIEVGLMZSIMRGSVTSVIYRXI\XSEVXWXMGS%KVIKYIPSWXI\XSWUYIRSWILEPPERGSQTPIXEHSGSRHEXSWMRZIRXEHSWHIPTVSHYGXS+YEVHIPEWHMETSWMXMZEWIRPE9RMHEH%GSRIPRSQFVI0ER^EQMIRXS
-
1MGVSWSJX4S[IV4SMRX
6ITEWSHIPGETXYPS
)\TPMUYIPSWTEWSWUYIHIFIWIKYMVTEVEGVIEVRYIZEWTVIWIRXEGMSRIW
5YIWYRHMWISHIHMETSWMXMZE#
'YPIWWSRPSWTEWSWUYIHIFIWIKYMVTEVEGSVVIKMVPESVXSKVEJEHIYRXI\XS#
)\TPMUYIPSWTEWSWUYIHIFIWIKYMVTEVEMRWIVXEVYREMQEKIRHIWHIEVGLMZS
)\TPMUYIPEHMJIVIRGMEIRXVIEKVYTEV]HIWEKVYTEVSFNIXSW
-
1MGVSWSJX4S[IV4SMRX
-
1MGVSWSJX4S[IV4SMRX
8EFPEW'VIEVXEFPEW7IPIGGMRHIGIPHEWJMPEW]GSPYQREW-RWIVXEVJMPEW-RWIVXEVGSPYQREW)PMQMREVJMPEW]GSPYQREW'SQFMREV]HMZMHMVGIPHEW%NYWXEVIPEPXS]ERGLSHIJMPEW]
GSPYQREW1SHMJMGEVIPJSVQEXSHIYREXEFPE
'ETXYPS
%PXVQMRSHIIWXIGETXYPSIWTIVEQSWUYIPSKVIRPSWWMKYMIRXIWSFNIXMZSW
R 'SRSGIVPSWSFNIXSWUYIWITYIHIRMRWIVXEV]GSQTVIRHIVWYJYRGMSREQMIRXSHIRXVS
HIPEWHMETSWMXMZEWR %TVIRHIVEMRWIVXEVXEFPEW]QSHMJMGEVWYJSVQEXS'SPSVHIVIPPIRSFSVHIWIWXMPSHIFSVHIWIXG
R %TVIRHIVEMRWIVXEVKVJMGSW]SVKERMKVEQEWIRPEWHMETSWMXMZEWHIPETVIWIRXEGMRR 'SQTVIRHIVPEYXMPMHEHHIP4EXVRHIHMETSWMXMZEW]GQSVIEPM^EVPEQSHMJMGEGMRHIPSWTEXVSRIW
R %KVIKEVFSXSRIWHIEGGMRILMTIVZRGYPSWGSRXI\XSWYSXVSWSFNIXSWR %WMQMPEVPSWGSRGITXSWHIPSWXIQEWUYIXVEXEIWXIGETXYPS]VIEPM^EVPEWEGXMZMHEHIWTEVEPEMRXIKVEGMRHIGSRSGMQMIRXSW
3VKERM^EGMRHI'SRXIRMHSW
'ETXYPSW 8IQEWHI%TVIRHM^ENI 'SRXIRMHSW1RMQSW
8EFPEW
'ETXYPS +VJMGSW-RWIVXEVYRKVJMGS1SHMJMGEVYRKVJMGS'EQFMEVIPXMTSHIKVJMGS
)PMQMREVYRKVJMGS
3VKERMKVEQE -RWIVXEVYRSVKERMKVEQE
4EXVRHI(MWIS4EXVRHIHMETSWMXMZEW:MWYEPM^EVIPTEXVRHIHMETSWMXMZE4EXVSRIWHI
HSGYQIRXSW]RSXEW
&SXSRIWHI%GGMR&SXSRIWHIEGGMR4VIWIRXEGMSRIWIR
-RXIVRIX4KMREHIMRMGMS
,MTIVZRGYPSW ,MTIVZRGYPSW
-
1MGVSWSJX4S[IV4SMRX
8EFPEW
8EFPEW
9RE XEFPE IW YRE GYEHVGYPE JSVQEHE TSV HMZMWMSRIW LSVM^SRXEPIW ] ZIVXMGEPIW JMPEW ]GSPYQREW]WYWMRXIVWIGGMSRIWPPEQEHEWGIPHEW
%HIQWHIRXVSHI PEWGIPHEWTSHVEEHMVSUYMXEVIPGSRXIRMHSWMRUYIIPPSEJIGXI PESVKERM^EGMRHIPEWGSPYQREW
'VIEVYREXEFPE
4EVEGVIEVYREXEFPEYXMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHI1IR
8%&0%
'IPHE
*MPE
'SPYQRE
,EKEGPMGIR-RWIVXEV8EFPE%TEVIGIVIWXIGYEHVS
3TGMRHIWHIPE&EVVEHI,IVVEQMIRXEW)WXRHEV
,EKEGPMGWSFVIIWXIFSXR -RWIVXEVXEFPE
E(IXIVQMRIPEGERXMHEHHIGSPYQREW]JMPEWTEVE
PERYIZEXEFPE
F,EKEGPMGIRIWXIFSXR
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPE&EVVEHI,IVVEQMIRXEW8EFPEW]FSVHIW
)RGEWSHIUYIPEFEVVEHILIVVEQMIRXEWHI8EFPEW]FSVHIWRSWIIRGYIRXVIEGXMZELEKEGPMGIR:IV&EVVEWHILIVVEQMIRXEW8EFPEW]FSVHIW%TEVIGIVIWXEFEVVE
(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]FSVHIWLEKEGPMGWSFVIIWXIFSXR
'YERHSIPTYRXIVSHIPQSYWIWIXVERWJSVQIIRPTM^YFMUYIIPTYRXIVSWSFVIIPQEVKIRM^UYMIVHS]WMRWSPXEVEVVEWXVILEGMEPEHIVIGLE]LEGMEEFENSLEWXEGVIEVYRVIGXRKYPS
,EGMEPEM^UYMIVHE
,EGMEPEEFENS8VERWJSVQEGMR4YRXIVSHIPQSYWI
%8)2'-28IRKEIRGYIRXEUYIYREZI^MRWIVXEHEPEXEFPEXIRHVwQERINEHSVIWIWTIGMEPIWxUYIPITIVQMXMVRQSZIVSGEQFMEVIP
XEQESHIPEXEFPE
1ERINEHSVHIQSZMQMIRXS
4EVEYXMPM^EVIWXIQERINEHSV 9FMUYI IP TYRXIVS HIPQSYWI WSFVIP,EKEGPMG]WMRWSPXEVEVVEWXVI PE XEFPELEWXE PEYFMGEGMRHIWIEHE
1ERINEHSVHIXEQES
4EVEYXMPM^EVIWXIQERINEHSV9FMUYIIPTYRXIVSHIPQSYWIWSFVIP,EKEGPMG]WMRWSPXEVEVVEWXVILEGMEEHIRXVSHIPEXEFPETEVEEGLMGEV]LEGMEJYIVETEVEEKVERHEV
1ERINEHSVIWHIYREXEFPE
-RWIVXEVXEFPE
-
1MGVSWSJX4S[IV4SMRX
7IPIGGMRHIJMPE
4EVEWIPIGGMSREVYREJMPEWMKEIWXSWTEWSW
'SPSUYIIPTYRXIVSHIPQSYWIEPGSQMIR^SHIPEJMPE 'YERHS IP TYRXIVS HIPQSYWIWI XVERWJSVQILEKEGPMG ] WMR WSPXEV EVVEWXVI LEWXEWIPIGGMSREVPEJMPE
7IPIGGMRHIGIPHEWJMPEW]GSPYQREW
7IPIGGMRHIGSPYQRE
4EVEWIPIGGMSREVYREGSPYQREWMKEIWXSWTEWSW
'SPSUYIIPTYRXIVSHIPQSYWIWSFVIIPGSQMIR^SHIPEGSPYQRE'YERHSIPTYRXIVSHIPQSYWIWIXVERWJSVQILEKEYRGPMG]WMRWSPXEVEVVEWXVILEWXEWIPIGGMSREVXSHEPEGSPYQRE
4YRXIVSHIP
QSYWI*MPE
WIPIGGMSREHE
4YRXIVSHIPQSYWI
'SPYQREWIPIGGMSREHE
7IPIGGMRHIGIPHE
4EVEWIPIGGMSREVYREGIPHEWMKEIWXSWTEWSW
'SPSUYIIPTYRXIVSHIPQSYWIIRZVXMGIMRJIVMSVM^UYMIVHS,EKEYRGPMGLEWXEZIVIPGYVWSVXMXMPERHS
-
1MGVSWSJX4S[IV4SMRX
-RKVIWEVHEXSWIRYREXEFPE
4EVEMRWIVXEVXI\XSHIRXVSHIYREXEFPEWMKEIWXSWTEWSW
'SPSUYIIPTYRXSHIMRWIVGMRIPGYVWSVIRPETVMQIVEGIPHEHIIWXEQERIVETYIHIGSQIR^EVEIWGVMFMV
%8)2'-2)RGEWSHIUYIHIWIITEWEVEPEWMKYMIRXIGIPHE9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXISTGMSRIW
'YVWSVTYRXSHI MRWIVGMR
'SQMIR^SHIPXI\XS
(IWHIIPXIGPEHS
3TGMR
3TGMR
4VIWMSRIPEXIGPE
9XMPMGIPEWXIGPEWHIHIWTPE^EQMIRXS
4YRXIVSHIP
QSYWI*MPE
WIPIGGMSREHE
2SQF
-RWIVXEV*MPEW
4EVEMRWIVXEVJMPEWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
,EKEGPMGWSFVIYREHIPEWJMPEW(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIIP8IGPEHS
,EKEGPMGWSFVIPEPXMQEGIPHEHIPEPXMQEJMPE4VIWMSRIPEWMKYMIRXIXIGPE
S
3TGMRYXMPM^ERHSIP1IR'SRXI\XYEP
7IPIGGMSRIYRJMPE9XMPM^ERHSIPQIRGSRXI\XYEPWIPIGGMSRI-RWIVXEVJMPEW
6EPMGIYRGPMGIREPKYREHIPEWWMKYMIRXIWSTGMSRIW
TEVEMRWIVXEVYREJMPE
1IRGSRXI\XYEP
E9RGPMGGSRIPFSXSRHIVIGLSWSFVIYREJMPE
3FWIVZIIPGYVWSVXMXMPERHS
F,EKEGPMGWSFVIIWXESTGMR
-
1MGVSWSJX4S[IV4SMRX
-RWIVXEVGSPYQREW
4EVEMRWIVXEVGSPYQREWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
,EKEGPMGWSFVIYREHIPEWGSPYQREW(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIIP1IRGSRXI\XYEP
7IPIGGMSRIYRGSPYQRE9XMPM^ERHSIPQIRGSRXI\XYEPWIPIGGMSRI-RWIVXEVGSPYQREW
6EPMGIYRGPMGIREPKYREHIPEWWMKYMIRXIWSTGMSRIWTEVEMRWIVXEVYREGSPYQRE
1IRGSRXI\XYEP
E'SPYQREWIPIGGMSREHE
F,EKEGPMGWSFVIIWXESTGMR
-
1MGVSWSJX4S[IV4SMRX
)PMQMREV*MPEW]'SPYQREW
)PMQMREV*MPEW
4EVEIPMQMREVJMPEWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
7IPIGGMSRIPESPEWJMPEWUYIHIWIEIPMQMREV9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXISTGMSRIW
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
7IPIGGMSRIPEJMPEUYIHIWIEIPMQMREV(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWMKYMIRXISTGMR
3TGMRHIWHIIP1IR'SRXI\XYEP
7IPIGGMSRIYREJMPE9XMPM^ERHSIPQIRGSRXI\XYEPWIPIGGMSRI)PMQMREVJMPEW
,EKEGPMGIRIWXESTGMR
1IRGSRXI\XYEP
E*MPEWIPIGGMSREHE
F,EKEGPMGWSFVIIWXESTGMR
-
1MGVSWSJX4S[IV4SMRX
)PMQMREV'SPYQREW
4EVEIPMQMREVGSPYQREWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
7IPIGGMSRIPESPEWGSPYQREWUYIHIWIEIPMQMREV9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
7IPIGGMSRIPEJMPEUYIHIWIEIPMQMREV(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIIP1IR'SRXI\XYEP
7IPIGGMSRIPEGSPYQREEIPMQMREV9XMPM^ERHSIPQIRGSRXI\XYEPWIPIGGMSRI)PMQMREVGSPYQRE
1IRGSRXI\XYEP
E'SPYQREWIPIGGMSREHE
F,EKEGPMGWSFVIIWXESTGMR
,EKEGPMGIRIWXESTGMR
-
1MGVSWSJX4S[IV4SMRX
'SQFMREV](MZMHMV'IPHEW
'SQFMREVGIPHEW
'SQFMREVYREGIPHEWMKRMJMGEUYIZEVMEWGIPHEWUYIHIRYRMHEWJSVQERHSYREWSPE
4EVEGSQFMREVGIPHEWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
7IPIGGMSRIPEWGIPHEWUYIHIWIEGSQFMREV
3TGMRHIWHIIP1IR'SRXI\XYEP
9XMPM^ERHSIPQIRGSRXI\XYEPWIPIGGMSRI'SQFMREVGIPHEW
9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
'IPHEWWIPIGGMSREHEW
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
1IRGSRXI\XYEP
E'IPHEWWIPIGGMSREHE
F,EKEGPMGWSFVIIWXESTGMR
'SQFMREVGIPHEW
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWMKYMIRXISTGMR
6IWYPXEHS
(MZMHMVGIPHEW
8VERWJSVQEYREGIPHEIRZEVMEWGSPYQREW]SJMPEW
4EVEHMZMHMVGIPHEWHIFIVIEPM^EVIPWMKYMIRXITVSGIHMQMIRXS
7IPIGGMSRIPEWGIPHEWUYIHIWIEHMZMHMV
,EKEGPMGIRIWXESTGMR
-
1MGVSWSJX4S[IV4SMRX
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHI8EFPEW]FSVHIW
(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
7IPIGGMSRIPEGIPHEUYIHIWIEHMZMHMV(IWHIPEFEVVEHILIVVEQMIRXEW8EFPEW]&SVHIWLEKEGPMGWSFVIIPWMKYMIRXIFSXR
%PLEGIVYRGPMGWSFVIIPFSXR8EFPEETEVIGIVYREPMWXEHIWTPIKEFPIIRPEGYEPTSHVIPIKMVPEWMKYMIRXISTGMR
6IWYPXEHS
'IPHEWIPIGGMSREHE
1IRGSRXI\XYEP
,EKEGPMGWSFVIIWXESTGMR
(MZMHMVGIPHE
-
1MGVSWSJX4S[IV4SMRX
%NYWXEVIPEPXS]ERGLSHIJMPEW]GSPYQREW
4YRXIVSHIPQSYWI 4YRXIVS
HIPQSYWIXVERWJSVQEHS
4EVEGEQFMEVIPIWTEGMSIRXVIYREJMPE]SXVESYREGSPYQRE]SXVEWMKEIWXSWTEWSW
9FMUYIIPTYRXIVSHIPQSYWIWSFVIPEYRMRHIYREGSPYQRESJMPE'YERHSIPTYRXIVSHIPQSYWIWIXVERJSVQILEKEGPMG]WMRWSPXEVEVVEWXVILEWXEIRGSRXVEVIPRYIZSERGLSSEPXSHIWIEHSW
6IWYPXEHS
1SHMJMGEVIPJSVQEXSHIYREXEFPE
4EVEQSHMJMGEVIPJSVQEXSHIYREXEFPEXIRKEIRGYIRXEPSWWMKYMIRXIWTEWSW
7IPIGGMSRIPEWGIPHEWUYIHIWIEQSHMJMGEV,EKEGPMGIRIPFSXRHIWHIPEFEVVEHILIVVEQMIRXEWHI8EFPEW]&SVHIWIPMNEPESTGMR&SVHIW]VIPPIRS%TEVIGIVIWXIGYEHVS
)RIWXIGYEHVSIRGSRXVEVXVIWWSPETEWJMGLEWPEWGYEPIWWIVRHIWGVMTXEWEGSRXMRYEGMR
-
1MGVSWSJX4S[IV4SMRX
6IPPIRS
7IYXMPM^ETEVEWIPIGGMSREVYRGSPSVHIVIPPIRSTEVEPEWGIPHEW4YIHISTXEVTSVYRGSPSVWPMHSSTSVYRIJIGXSHIVIPPIRS
&SVHIW
0ITIVQMXMVIPIKMVIPIWXMPSGSPSV]ERGLSHIPFSVHITEVEPEXEFPE
7SPETE
E7IPIGGMSRIYRXMTSHIFSVHI
F7IPIGGMSRIYRGSPSV
G7IPIGGMSRIIPKVSWSV
TEVEPEPRIE
I%GITXIIPGYEHVS
H7IPIGGMSRIPEWPRIEWUYIWIVRGEQFMEHEWIRPEWIPIGGMR
7SPETE
F%GITXIIPGYEHVS
E(IWHIIWXEPMWXEHIWTPIKEFPI
WIPIGGMSRIYRGSPSVSYRIJIGXSHIVIPPIRS
-
1MGVSWSJX4S[IV4SMRX
'YEHVSHIXI\XS
0ITIVQMXMVKMVEVIPXI\XSHIPEWGIPHEWWIPIGGMSREHEWQSHMJMGEVPEEPMRIEGMRHIWYWGSRXIRMHSW]GSPSGEVYREWIVMIHIQVKIRIW
F(IXIVQMRIPSWQVKIRIWMRXIVRSWHIPEWGIPHEW
7SPETE
G%GITXIIPGYEHVS
E%PMRIIIPXI\XSGSRVIWTIGXSEPEGIPHEWIPIGGMSREHE
-
1MGVSWSJX4S[IV4SMRX
-RWIVXEVYRKVJMGS
+VJMGSW
)R PEWHMETSWMXMZEWTYIHI MRWIVXEV+VJMGSWTEVE VITVIWIRXEVHIXIVQMREHE MRJSVQEGMR4S[IV4SMRXYXMPM^EYREETPMGEGMR PPEQEHE1MGVSWSJX+VETL UYI PITIVQMXI VIEPM^EV PSWKVJMGSWWSFVIYRETVIWIRXEGMR
4EVE-RWIVXEVYR+VJMGSHIFIWIKYMVPSWWMKYMIRXIWTEWSW
(IWHIPEFEVVEHIQIRLEKEGPMGIR-RWIVXEV+VJMGS(IIWXEQERIVE4S[IV4SMRXTVIWIRXEVWSFVIPEHMETSWMXMZEYREZIRXEREWMQMPEVEPEHI)\GIPGSRIPRSQFVI,SNEHIHEXSW]YRKVJMGSWSFVIPEHMETSWMXMZE
0ELSNEHIHEXSWIWXJSVQEHETSVYREWIVMIHIGIPHEWMRHMZMHYEPIWUYIJSVQERJMPEW]GSPYQREWIRIPPEWTSHVSFWIVZEVYREWIVMIHIHEXSWTSVSQMWMRUYITYIHIRWIVWYWXMXYMHSWTSVPSWHEXSWUYIYWXIHRIGIWMXI)PKVJMGSIWYREVITVIWIRXEGMRKVJMGEHIPSWHEXSWMRKVIWEHSWIRIWETPERMPPE
E)RIWXEXEFPEHIFIEKVIKEVPSWHEXSWUYIYWXIHHIWIEKVJMGEV
F)PKVJMGSEGXYEPM^EVPSWGEQFMSWEQIHMHEUYIWIGEQFMIRPSWZEPSVIWIRPEXEFPE
-
1MGVSWSJX4S[IV4SMRX
%PMRWIVXEVIPKVJMGSPEWFEVVEWHILIVVEQMIRXEW]PSWQIRIWHI4S[IV4SMRXWIWYWXMXY]IRTSVPEWHI1MGVSWSJX+VETLTEVEQSHMJMGEVIPKVJMGS
9REZI^UYILE]EGEVKEHSXSHSWPSWHEXSWHIPEXEFPEHIFILEGIVGPMGWSFVIPELSNETEVEZSPZIVE PEHMETSWMXMZEHI4S[IV4SMRXUYIGSRXMIRIEPKVJMGS
%8)2'-23XVEJSVQETEVEMRWIVXEVYRKVJMGSIRWYWHMETSWMXMZEWIWYXMPM^ERHSIPFSXRUYIWIIRGYIRXVEIRPE&EVVEHI,IVVEQMIRXEW)WXRHEV3FWIVZIIPFSXRUYIXMIRIIPVIGYEHVS,EGMIRHSGPMGIRIPQMWQSWIMRMGMEPEETPMGEGMR1MGVSWSJX+VETL
TEVE MRWIVXEVIPKVJMGS
-RWIVXEVKVJMGS
3FWIVZIGSQSPEFEVVEHIQIRGEQFMTSVSTGMSRIWTEVEQSHMJMGEVIP+VJMGSMRWIVXEHSIRWYHMETSWMXMZE
-
1MGVSWSJX4S[IV4SMRX
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWI
YFMGE IR IP 'ETXYPS 8IQE 3FNIXSW 7YFXIQE -RWIVXEV YRKVJMGS4SVINIQTPS
1SHMJMGEVYR+VJMGS
%RXIW HIQSHMJMGEVIP EWTIGXSHI YR KVJMGS IW RIGIWEVMS GSRSGIV GEHEYRSHI PSWIPIQIRXSWUYIPSGSQTSRIR4SVPSXERXSSFWIVZIPEWMKYMIRXIMQEKIRTEVEJEQMPMEVM^EVWIGSRIPPSW
9REZI^UYIXIRKEIPKVJMGSWSFVIPEHMETSWMXMZETSHVQSHMJMGEVIPJSVQEXSHIGYEPUYMIVEHIWYWTEVXIWHIPQMWQS4EVEIPPSVIEPMGIHSFPIGPMGWSFVIIPWIGXSVUYIHIWIEQSHMJMGEVHIIWXEQERIVEWITVIWIRXEVYRGYEHVSHI JSVQEXSGSRZEVMEW WSPETEWUYIZEVMEVRHIEGYIVHSGSRIPSFNIXSWIPIGGMSREHS)RXVIPEWWSPETEWQWJVIGYIRXIW
7SPETE*YIRXITIVQMXIQSHMJMGEVXSHSIPJSVQEXSHIPXI\XSXMTSIWXMPSGSPSVXEQES]WYFVE]EHSHIPSWXXYPSWHIPKVJMGS
7SPETE8VEQEWFVMRHEPETSWMFMPMHEHHIIPIKMVYRGSPSVHIVIPPIRSTEVEIPWIGXSVHIPKVJMGSUYILE]EWIPIGGMSREHS
7SPETE2QIVSTIVQMXIQSHMJMGEVXSHSIPJSVQEXSRYQVMGS
7SPETE%PMRIEGMRWIYXMPM^ETEVEGEQFMEVPESVMIRXEGMRHIPSWXI\XSW
0I]IRHE
VIEHIKVJMGS
)NIHIGEXIKSVEW
VIEHIXVE^EHS
)NIHIZEPSVIW
7IVMI)WXI4YRXSIVXVMQZEPSV4PERSWPEXIVEPIW
-
1MGVSWSJX4S[IV4SMRX
8MTSHIKVJMGS
4EVEQSHMJMGEVIPXMTSHIKVJMGSIPGSPSVHIGEHEKVJMGSPEYFMGEGMRHIPEPI]IRHEIXGTSHVSTXEVTSVYREHIPEWWMKYMIRXIWEPXIVREXMZEW
3TGMRHIWHIPE&EVVEHI1IR)WXRHEV
3TGMRHIWHIIP1IRGSRXI\XYEP
9FMUYIIPTYRXIVSHIPQSYWIWSFVIIPVIEUYIHIWIEQSHMJMGEV
,EKEHSFPIGPMGWSFVIIPKVJMGS%TEVIGIRRYIZSWQIRIWHEXSW]KVEJMGSWIRPEFEVVEHIQIRIWXEPGSQSWISFWIVZEIRPEWMKYMIRXIMQEKIR
0EWSTGMSRIWHIIWXSWQIRIWPITIVQMXMVRVIEPM^EVPEWQSHMJMGEGMSRIWRIGIWEVMEW
-
1MGVSWSJX4S[IV4SMRX
,EKEYRGPMGGSRIPFSXRHIVIGLSHIP1SYWI]IRPEPMWXEUYIETEVIGIIPMNEPESTGMRHIJSVQEXSS
%8)2'-26IGYIVHIUYIPSWGYEHVSWUYIWITVIWIRXIRRSWMIQTVIWIVRPSWQMWQSW]EUYIPEWWSPETEWMVRGEQFMERHSHITIRHMIRHS
HIPSFNIXSHIPKVJMGSUYILE]EWIPIGGMSREHS
4EVEQSHMJMGEVIP*SVQEXSHIYRKVJMGSVIEPMGIIPWMKYMIRXITVSGIHMQMIRXS
7IPIGGMSRIIPIPIQIRXSHIPKVJMGSEPUYIHIWIEGEQFMEVIPJSVQEXSLEGMIRHSYRGPMGWSFVIIPQMWQS%FVEIPQIR*SVQEXS7IPIGGMSRIPETVMQIVEHIPEWSTGMSRIWUYIETEVIGIIWXESTGMRZEVMEVWYRSQFVIHIEGYIVHSGSRIPIPIQIRXSHIPKVJMGSUYILE]EWIPIGGMSREHS7IPIGGMSRIPSWRYIZSWZEPSVIWIRIPGYEHVSHIHMPSKS,EKEGPMGIRIPFSXR%GITXEV6ITIXMVPSWQMWQSWTEWSWTEVEQSHMJMGEVIPJSVQEXSHIPVIWXSHIPSWIPIQIRXSWHIPKVJMGS
GYEPUYMIVSXVETEVEQSHMJMGEVHMWXMRXSWEWTIGXSWHIPKVJMGS
9FMGEGMRHIP4YRXIVSHIP1SYWIIRIPWIGXSVUYIWIHIWIEQSHMJMGEV
1IRGSRXI\XYEP
-
1MGVSWSJX4S[IV4SMRX
,EKEGPMGIRGYEPUYMIVTEVXIHIPEHMETSWMXMZETEVEVIKVIWEVE4S[IV4SMRX
'EQFMEVIPXMTSHIKVJMGS
0EETPMGEGMRHI1MGVSWSJX+VETLGSRXMIRIYREKEPIVEHIKVJMGSWUYIPITIVQMXIWIPIGGMSREVHMJIVIRXIWXMTSW]WYFXMTSWHIKVJMGSWHITIRHMIRHSHIPSWHEXSWUYIHIWIIVITVIWIRXEV
4EVEIPPSVIEPMGIPSWWMKYMIRXIWTEWSW
,EKEHSFPIGPMGWSFVIIPKVJMGSTEVEMRKVIWEVE1MGVSWSJX+VETL9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHI1IR
,EKEGPMGWSFVI+VJMGS8MTSHIKVJMGS
%TEVIGIVIWXIGYEHVS
E7IPIGGMSRIIWXEWSPETE
F7IPIGGMSRIYR8MTSHIKVJMGS G7IPIGGMSRIYR
WYFXMTSHIKVJMGS
H%GITXIIPGYEHVS
3TGMRHIWHIPE&EVVEHI,IVVEQMIRXEW
,EKEGPMGWSFVIIWXIFSXR 8MTSHIKVJMGS
-
1MGVSWSJX4S[IV4SMRX
)PMQMREVYRKVJMGS
4EVEFSVVEVYRKVJMGSHIFIWIKYMVIWXSWTEWSW
4VMQIVSHIFIWEPMVHIPEETPMGEGMR1MGVSWSJX+VETLLEGMIRHSYRGPMGJYIVEHIPKVJMGSTEVEZSPZIVEPEHMETSWMXMZE7IPIGGMSRIIPKVJMGS4VIWMSRIPEXIGPE
F7IPIGGMSRIIPQSHIPSUYIHIWIEETPMGEV
E,EKEYRGPMG
-
1MGVSWSJX4S[IV4SMRX
-RWIVXEVYRSVKERMKVEQE
3VKERMKVEQE
)RPEWHMETSWMXMZEWTYIHIMRWIVXEVXEQFMRSVKERMKVEQEW4S[IV4SMRXYXMPM^EYREETPMGEGMRPPEQEHE1MGVSWSJX3VKERM^EXMSR'LEVX
4EVEIPPSVIEPMGIIPWMKYMIRXITVSGIHMQMIRXS
)PMNEPEHMETSWMXMZEHSRHIHIWIEEKVIKEVIPSVKERMKVEQE,EKEGPMGIRIPQIR-RWIVXEV(MEKVEQEW%TEVIGIVIPWMKYMIRXIGYEHVS
)PSVKERMKVEQEWITVIWIRXEVHIPEWMKYMIRXIQERIVE
E,EKEGPMGIRYRSTGMR
F%GITXIIPGYEHVS
-
1MGVSWSJX4S[IV4SMRX
4EXVRHI(METSWMXMZEW
4EXVRHI(MWIS
)PTEXVRIWYREVIEUYITIVQMXIEKVIKEVIPIQIRXSWSEWMKREVJSVQEXSWEPSWSFNIXSWTEVEUYIWXSWWIVITMXEREYXSQXMGEQIRXIIRXSHEWPEWLSNEWHIPEVGLMZS)\MWXIRHMWXMRXSWXMTSWHI4EXVRUYIWIIPMKIRHIEGYIVHSGSRIPWIGXSVUYIWIHIWIIVITIXMV4S[IV4SMRXXMIRIYREHMETSWMXMZEIWTIGMEPHIRSQMREHE4EXVRHIHMETSWMXMZE)PTEXVRHIHMETSWMXMZEWGSRXVSPEPEWTVSTMIHEHIWHIGEHEYREHIPEWHMETSWMXMZEWHIPEVGLMZS'SPSVHIPXI\XSGSPSVHIJSRHSXMTSWHIPIXVEXEQESHIJYIRXIIXG]TIVQMXIEKVIKEVMRJSVQEGMRIRIPPEJIGLE]LSVERQIVSHITKMREIXG(IQSHSUYIIWSWISFWIVZIIRGEHEHMETSWMXMZEXERXSTEVEWYMQTVIWMRMRHMZMHYEPGSQSTEVEWYTVIWIRXEGMRIRTERXEPPE
:MWYEPM^EVIP4EXVRHI(METSWMXMZE
4EVEZMWYEPM^EVYRTEXVRVIEPMGIPSWWMKYMIRXIWTEWSW
,EKEGPMGIRIPQIR:IV4EXVR7IPIGGMSRIPESTGMR4EXVRHIHMETSWMXMZE
)WXITEXVRGSRXMIRIYRGSRNYRXSHIQEVGEHSVIWHITSWMGMRUYIWITYIHIRSFWIVZEVIRPEJMKYVEMRJIVMSV0SWQEVGEHSVIW HI TSWMGMR HIP XXYPS ] XI\XS HIP TEXVR GSRXVSPER IP JSVQEXS HI PEMRJSVQEGMRHIPEWHMETSWMXMZEW
E,EKEGPMG
F(IXRKEWIGSRIPTYRXIVSHIPQSYWIEUY
F,EKEGPMGIRIWXESTGMR
1EVGEHSVHITSWMGMRHIP88903HIPTEXVR
1EVGEHSVHITSWMGMRHIP8)
-
1MGVSWSJX4S[IV4SMRX
4EXVSRIWHI(SGYQIRXS]2SXEW
)R4S[IV4SMRXXEQFMRIRGSRXVEVYR4EXVRHIHSGYQIRXSW]SXVSHIRSXEWHSRHIXEQFMRWITYIHIREEHMVPSWIPIQIRXSWUYIHIWIEGSPSGEVIRGEHETKMRE4EVESFWIVZEVIWXSWTEXVSRIWHIFILEGIVYRGPMGIRIPQIR:IV4EXVR]WIPIGGMSREVIPTEXVRGSVVIWTSRHMIRXI
4EXVRHI(SGYQIRXS 4EXVRHI2SXEW
-
1MGVSWSJX4S[IV4SMRX
&SXSRIWHIEGGMR
&SXSRIWHI%GGMR
4S[IV4SMRXMRGSVTSVEYRGSRNYRXSHIFSXSRIWHIREZIKEGMRTVIHIXIVQMREHSWXEPIWGSQS-RMGMS%]YHE-RJSVQEGMR%XVW7MKYMIRXI'SQMIR^S*MR:SPZIVGSRSGMHSWGSQS&SXSRIWHI%GGMR)WXSWFSXSRIWE]YHEREHIWTPE^EVWIETEVXIWIWTIGJMGEWHIYRETVIWIRXEGMRSYREVGLMZS4EVEGVIEVPSWHIFIVIEPM^EVPSWWMKYMIRXIWTEWSW
,EKEGPMGIRIPQIR4VIWIRXEGMR&SXSRIWHIEGGMR]WIPIGGMSRIEPKYRSHIPSWFSXSRIWTVIIWXEFPIGMHSWGSQSTSVINIQTPSIPFSXRHIEGGMR-RMGMSHIPETVIWIRXEGMR
0YIKSGSRIPFSXRM^UYMIVHSTVIWMSREHSVIEPMGIYRVIGXRKYPSHIPXEQESUYIHIWIIWSFVIPEHMETSWMXMZE 'PMGMRMGMEP
7MRWSPXEVIPGPMGMRMGMEPEVVEWXVIIPQSYWILEGMEPEHIVIGLE]LEGMEEFENSLEWXEHMFYNEVIPFSXR
%TEVIGIVIPWMKYMIRXIGYEHVS
,EKEGPMGWSFVIYRFSXR
-
1MGVSWSJX4S[IV4SMRX
E7SPETE'PMGHIPQSYWI4IVQMXIPPIKEVEPPYKEVHIWIEHSPYIKSHILEGIVYRGPMGIRIPFSXRHIEGGMR
F(IWHIPEPMWXEHIWTPIKEFPIIPMNEIPPYKEVEPGYEPHIWIEPPIKEVGSRIPFSXR
G7MPSHIWIEWIPIGGMSRIYRWSRMHSUYIWIINIGYXEVGYERHSVIEPMGIYRGPMGWSFVIIPFSXRHIEGGMR
H7SPETE%GGMRHIPQSYWI4IVQMXIPPIKEVEPPYKEVHIWIEHSGSRWSPSTSWMGMSREVIPTYRXIVSWSFVIIPFSXRHIEGGMRWMRLEGIVGPMG
I(IWHIPEPMWXEHIWTPIKEFPIIPMNEIPPYKEVEPGYEPHIWIEPPIKEVGSRIPFSXR
J7MPSHIWIEWIPIGGMSRIYRWSRMHSUYIWIINIGYXEVGYERHSTSWMGMSRIIPTYRXIVSWSFVIIPFSXRHIEGGMR
K,EKEGPMGIRIWXIFSXRTEVEJMREPM^EV
-
1MGVSWSJX4S[IV4SMRX
4VIWIRXEGMSRIWIR-RXIVRIX
4S[IV4SMRXTIVQMXIGVIEV]HMWIEVYRETVIWIRXEGMRUYITYIHIWIVZMWYEPM^EHEIR-RXIVRIX7MFMIRIRIWXEXEVIEWIYXMPM^ERPEWQMWQEWLIVVEQMIRXEWHIJSVQEXSERMQEGMSRIW]SFNIXSWUYIIRYRETVIWIRXEGMRRSVQEP IW VIGSQIRHEFPI XIRIV IR GYIRXESXVEW XERXEWUYIQINSVEVRPETVIWIRXEGMRHIPXVEFENSTEVEWYTYFPMGEGMRIRPE;IF
4KMREHIMRMGMS
9RETKMREHIMRMGMSXEQFMRVIGMFIIPRSQFVIHI%KIRHES(METSWMXMZE6IWYQIR]WIXVEXEHIYREHMETSWMXMZEEPGSQMIR^SHIPETVIWIRXEGMRUYITIVQMXIEGGIHIVEGEHEYREHIPEWHMETSWMXMZEWVIWXERXIWGSRWPSLEGIVYRGPMGIRIPXXYPSHIGYEPUYMIVEHIIPPEW4EVEGVIEVYRETKMREHIMRMGMSHIFIVIEPM^EVPSWWMKYMIRXIWTEWSW
4EWSWTEVEGVIEVYRE4KMREHI-RMGMS
%FVEPETVIWIRXEGMR]ZE]EEPEZMWXE:MWXE'PEWMJMGEHSVHIHMETSWMXMZEW7IPIGGMSRIGEHEHMETSWMXMZEUYIHIWIEMRGPYMVIRPE4KMREHIMRMGMSTVIWMSRERHSPEXIGPEGSRXVSP,EKEGPMGIRIPFSXR HIPEFEVVEHILIVVEQMIRXEWGPEWMJMGEHSVHIHMETSWMXMZEW(IIWXEQERIVESFWIVZEVUYIHIPERXIHIPETVMQIVEHMETSWMXMZEWITVIWIRXEYRERYIZEGSRPSWXXYPSWHIPEWHMETSWMXMZEWWIPIGGMSREHEW0YIKSWIPIGGMSRIPETVMQIVEHMETSWMXMZE]TEWIEPE:MWXEHIHMETSWMXMZEWTEVEQSHMJMGEVIPJSVQEXS]IPXXYPSHIPEQMWQE4SHVSFXIRIVYREWTIGXSWMQMPEVUYIETEVIGIVIRPEJMKYVE
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWI
YFMGEIRIP'ETXYPS8IQE&SXSRIWHI%GGMR4SVINIQTPS
(METSWMXMZEVIWYQIR
-
1MGVSWSJX4S[IV4SMRX
,MTIVZRGYPSW
,MTIVZRGYPSW
9R,MTIVZRGYPSIWXEFPIGIYRIRPEGIIRXVIYRSFNIXS8I\XSS-QEKIR]YREHMETSWMXMZEYREVGLMZSSYREHMVIGGMR;IFHYVERXIYRETVIWIRXEGMRGSRHMETSWMXMZEW
4EVEGVIEVYRLMTIVZRGYPSHIFIVIEPM^EVPSWWMKYMIRXIWTEWSW
7IPIGGMSRIIPIPIQIRXSHIPEHMETSWMXMZE8I\XSS-QEKIREPGYEPHIWIEGSPSGEVPIIP,MTIVZRGYPS,EKEGPMGIRIPQIR4VIWIRXEGMR'SRJMKYVEGMRHIPEEGGMR]TSHVSFWIVZEVIPWMKYMIRXIGYEHVS
E7IPIGGMSRIPEWSPETE
F)RIWXEPMWXEHIWTPIKEFPITYIHIGVIEVYRLMTIVZRGYPSGSR9REHMETSWMXMZE'SRSXVETVIWIRXEGMR'SRSXVSWEVGLMZSW'SRHMVIGGMSRIWHI WIVZMHSVIW;IF 0PEQEHEW960
)RIWXIGEWSWIPIGGMSRIPESTGMR(METSWMXMZE
E7IPIGGMSRIPEHMETSWMXMZEEPEUYIHIWIEPPIKEVGYERHSTVIWMSRIIPLMTIVZRGYPS
F%GITXIIPGYEHVS
-
1MGVSWSJX4S[IV4SMRX
%8)2'-24EVEZIVMJMGEVWMJYRGMSREIPZRGYPSLEKEYRGPMGIRIPQIR:IV
4VIWIRXEGMRGSRHMETSWMXMZEWPYIKSWMXIIPTYRXIVSWSFVIIPXI\XSUYITSWII
IP,MTIVZRGYPSHIQERIVEUYIWIGSRZMIVXEIRYRTYRXIVSHIQERS]
VIEPMGIYRGPMGEPP7MPSKVEEGGIHIVEPEHMETSWMXMZEIWTIGMJMGEHEIRXSRGIWIPLMTIVZRGYPSJYRGMSREGSVVIGXEQIRXI4YPWIPEXIGPE
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE,MTIVZRGYPSW7YFXIQE,MTIVZRGYPSW4SVINIQTPS
6IEPMGIPE4VGXMGE0EFSVEPHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE6ITEWS+IRIVEP7YFXIQE4VGXMGE0EFSVEP
-
1MGVSWSJX4S[IV4SMRX
%GXMZMHEH
)RIWXEXIVGIVEEGXMZMHEHGSRXMRYEVXVEFENERHSGSRPETVIWIRXEGMRERXIVMSVIMRGSVTSVEVHMWXMRXSWSFNIXSWILMTIVZRGYPSWTEVEJEGMPMXEVIPHIWTPE^EQMIRXSTSVPEWHMETSWMXMZEW'SRHMGLSTVSTWMXSVIEPMGIPEWMKYMIRXITVGXMGEMRXIKVEHSVEHIGSRSGMQMIRXSW
%FVEPETVIWIRXEGMRGSRHMWTSWMXMZEWGVIEHEIRPEEGXMZMHEHERXIVMSV]KYEVHEHEIRWYHMWUYIXI-RWIVXIYRERYIZEHMETSWMXMZEEPJMREPUYIGSRXIRKEYREXEFPE1SHMJMUYIIPJSVQEXSHIPEXEFPE GEQFMI IP IWXMPSHIFSVHI GSPSV ERGLS GSPSUYIYR GSPSVTEVE VIPPIREV PE XEFPEGSQFMRIGIPHEWWMIWRIGIWEVMSIXG )R IWXE XEFPE GSPSUYI PE MRJSVQEGMRRYXVMGMSREP HIP TVSHYGXS WYW MRKVIHMIRXIWHIIPEFSVEGMRPEJIGLEHIIPEFSVEGMRIXG)RPEHMWTSWMXMZERQIVSWIMWMRWIVXIYRKVJMGSUYIIWXEFPI^GEYREGSQTEVEGMRIRXVIPEWZIRXEWHIPEWHMWXMRXEWQEVGEWGSQTIXMHSVEWHI(MZMRYPPMW )R PE HMETSWMXMZE RQIVSGMRGSGVIIIP SVKERMKVEQE HI PEIQTVIWEQSWXVERHS PEWHMWXMRXEWVIEW]JYRGMSRIW )R PEHMETSWMXMZE RQIVSWMIXI GSPSUYIYR FSXR HI EGGMR UYI ZE]EE PE TVMQIVHMETSWMXMZE]ZMGIZIVWEGSPSUYIYRFSXRHIEGGMRUYIZE]EHIPETVMQIVHMETSWMXMZEEPEPXMQE'VIIYRLMTIVZRGYPSGSRIPXI\XSHIPETVMQIVHMETSWMXMZEUYIZE]EEPETVIWIRXEGMRGVIEHEIRPEEGXMZMHEHPPEQEHEw0ER^EQMIRXS(YPGIGLSOx]ZMGIZIVWEIRPETVIWIRXEGMRPER^EQMIRXS(YPGIGLSOGSPSUYIYRLMTIVZRGYPSUYIZE]EEPETVIWIRXEGMR0ER^EQMIRXS'SPSUYIPEGERXMHEHHIFSXSRIWHIEGGMRUYIGSRWMHIVIRIGIWEVMSWTEVEQINSVEVIPHIWTPE^EQMIRXSTSVPEWHMETSWMXMZEW]SXVEWTVIWIRXEGMSRIW'SPSUYI YR TMIHITKMREE XSHEW PEWHMETSWMXMZEWGSR PE JIGLE HI GVIEGMR HI PETVIWIRXEGMRYXMPMGIIPTEXVRHIHMETSWMXMZEWTEVEVIEPM^EVHMGLEXEVIE+YEVHI PSW GEQFMSW IJIGXYEHSW IR PE TVIWIRXEGMR GSR HMETSWMXMZEW ] GMIVVI IPTVSKVEQEHI4S[IV4SMRX
-
1MGVSWSJX4S[IV4SMRX
6ITEWSHIPGETXYPS
)\TPMUYIGQSMRWIVXEVYREXEFPE
5YTEWSWHIFIWIKYMVTEVEMRWIVXEVYRKVJMGS#
4EVEUYYXMPM^EVEPELIVVEQMIRXESVKERMKVEQE#
5YJYRGMRGYQTPIYRFSXRHIEGGMR#'QSWIMRWIVXEYRFSXRHIEGGMRIRYREHMETSWMXMZE#
5YIWYRLMTIVZRGYPS#'QSWIETPMGEYRLMTIVZRGYPSIRYRXI\XSSMQEKIR#
-
1MGVSWSJX 4S[IV4SMRX \T
'ETXYPS
%PXVQMRSHIIWXIGETXYPSIWTIVEQSWUYIPSKVIPSWWMKYMIRXIWSFNIXMZSW
R 'SRSGIVPEWJSVQEW]HMWXMRXEWERMQEGMSRIWUYIWITYIHIREKVIKEVEPEWHMETSWMXMZEWR 8I\XS ERMQEHS YXMPM^EV HMJIVIRXIW STGMSRIW UYI WI TVIWIRXER IR IP TVSKVEQE HI
4S[IV4SMRXR %TVIRHIV E TIVWSREPM^EV PEW ERMQEGMSRIW ] GSPSGEV E PEW HMETSWMXMZEW IJIGXSWIWTIGMEPIWHIETEVMGMRPPEQEHSWXVERWMGMSRIW
R 'SQTVIRHIVPEYXMPMHEHHI)RWE]EVPSWMRXIVZEPSW]ETVIRHIVEIWXEFPIGIVHMGLEEGGMRIRPEWHMETSWMXMZEW
R 6IEPM^EVPEWGSRJMKYVEGMSRIWHIPEWHMETSWMXMZEWHIPETVIWIRXEGMRIRJSVQEEHIGYE
HETEVEYREGSVVIGXEI\TSWMGMRR %WMQMPEVPSWGSRGITXSWHIPSWXIQEWUYIXVEXEIWXIGETXYPS]VIEPM^EVPEWEGXMZMHEHIWTEVEPEMRXIKVEGMRHIGSRSGMQMIRXSW
3VKERM^EGMRHI'SRXIRMHSW
'ETXYPSW 8IQEWHI%TVIRHM^ENI 'SRXIRMHSW1RMQSW
,IVVEQMIRXEWHIERMQEGMR
'ETXYPS
,IVVEQMIRXEWHIERMQEGMR%TPMGEVERMQEGMSRIWEPSWXI\XSW3VKERM^EGMRHIERMQEGMSRIW
)PMQMREVERMQEGMR
8VERWMGMRHIHMETSWMXMZEW
8VERWMGMRHIHMETSWMXMZEW
)RWE]EVMRXIVZEPSW )RWE]EVMRXIVZEPSW
'SRJMKYVEVYRE
TVIWIRXEGMR
(MJIVIRXIWJSVQEWHIGSRJMKYVEVYRETVIWIRXEGMR
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-
1MGVSWSJX 4S[IV4SMRX \T
,IVVEQMIRXEWHI%RMQEGMR
,IVVEQMIRXEWHI%RMQEGMR
4S[IV4SMRX TIVQMXI EKVIKEV IJIGXSW HI WSRMHS ]QSZMQMIRXS E PSW SFNIXSW ] XI\XSW
MRWIVXEHSWIRPEWHMETSWMXMZEW'SR4S[IV4SMRXWITYIHIRERMQEVXI\XSWKVJMGSWWSRMHSWTIPGYPEWYSXVSWSFNIXSWTEVEGIRXVEPM^EVPEEXIRGMRIRHIXIVQMREHSWTYRXSW]GSRXVSPEVIPJPYNSHIPEMRJSVQEGMR]QINSVEVIPMRXIVWHIPEQMWQE
%TPMGEVERMQEGMSRIWEPSWXI\XSW
4EVEETPMGEVYREERMQEGMRHIFIWIKYMVIWXSWTEWSW
7IPIGGMSRIIPXI\XSYSFNIXSUYIHIWIEERMQEV9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIR4VIWIRXEGMR
3TGMRHIWHIIP4ERIPHIXEVIEW
,EKEGPMGQIR:IV4ERIPHIXEVIEW
%TEVIGIVIPTERIPHIXEVIEW]EPP
E,EKEGPMGIRPEPMWXEHISTGMSRIW
F,EKEGPMGIRPESTGMR
-
1MGVSWSJX 4S[IV4SMRX \T
)RIPTERIPHITIVWSREPM^EVERMQEGMRIPFSXR
TSWIIGEXIKSVEW]GEHEYREHIIPPEWSJVIGIYRKVYTSHIIJIGXSW
-
1MGVSWSJX 4S[IV4SMRX \T
%PWIPIGGMSREVYRIJIGXS
)WXESTGMRZEVMEWIKRPEERMQEGMR
%UYTSHVZIVYRPMWXEHSGSRPSWSFNIXSWERMQEHSW
%PTYPWEVIWXIFSXRTSHVZMWYEPM^EVIRPE
HMETSWMXMZEWIPIGGMSREHEPE
ERMQEGMREWMKREHE
-RHMGEIRUYQSQIRXSWIHIFIEGXMZEVPEERMQEGMRWIPIGGMSREHE
(IXIVQMREPEVETMHI^GSRPEGYEPEGXYEVPEERMQEGMRWIPIGGMSREHE
-
1MGVSWSJX 4S[IV4SMRX \T
7IGYIRGMEHIPEERMQEGMREPVITVSHYGMVPEGSRIPFSXR
)WXIGYEHVSETEVIGIIRIP4ERIPHIXEVIEWPYIKSHITVIWMSREVIPFSXR]QYIWXVEIPEZERGIHIPEERMQEGMR
)PRQIVSEPPEHSHIPSFNIXSRSWSPS MRHMGE UYI TSWII YREERMQEGMR]EWYZI^HIXIVQMVIPSVHIRIRUYIWIERMQEVGYERHSLE]ZEVMSWSFNIXSWIRPEHMETSWMXMZE
-
1MGVSWSJX 4S[IV4SMRX \T
3VKERM^EGMRHIERMQEGMSRIW
7IKYVEQIRXIIRYREQMWQEHMETSWMXMZELE]EZEVMSWSFNIXSWERMQEHSW]IPSVHIRZEVEHIEGYIVHSEGQSWIJYIVSRWIPIGGMSREHS)RGEWSHIUYIHIWIIGEQFMEVIPSVHIRHIIWXEW
ERMQEGMSRIWHIFIVLEGIVPSHIPEWMKYMIRXIQERIVE
)PMQMREVERMQEGMR
4EVEIPMQMREVYREERMQEGMRWMKEIWXSWTEWSW
(METSWMXMZEW
)PVIGYEHVSIRE^YPMRHMGEUYIIPSFNIXS]WYERMQEGMRWIIRGYIRXVERWIPIGGMSREHSW
E7IPIGGMSRIYREERMQEGMR
F,EKEYRGPMGIRIPFSXRWYFMVSFENEVTEVESVKERM^EVPEWIGYIRGMEHIPEWERMQEGMSRIWUYITSWIIPEHMETSWMXMZE
7YFMV &ENE V
E7IPIGGMSRIPEERMQEGMRUYIHIWIEIPMQMREV)WMQTSVXERXIEGPEVEVUYIIPSFNIXS23
HIWETEVIGIHIPEHMETSWMXMZEWMRSUYIHINEHIIWXEVPEERMQEGMR
F,EKEGPMGIRIWXIFSXR
-
1MGVSWSJX 4S[IV4SMRX \T
8VERWMGMRHIHMETSWMXMZEW
0EXVERWMGMRHIYREHMETSWMXMZEIWPEERMQEGMRGSRPEGYEPETEVIGIHMGLEHMETSWMXMZE]
SGYPXEEWE PEERXIVMSV4S[IV4SMRXRSWHE PETSWMFMPMHEHHIHIJMRMVHMJIVIRXIW XMTSWHIXVERWMGMSRIWTEVEPEWHMETSWMXMZEW4EVEIPPSVIEPMGIPSWWMKYMIRXIWTEWSW
9XMPMGIPEZMWXE'PEWMJMGEHSVHIHMETSWMXMZEWUYIWILEPPEIPQIRZIV7IPIGGMSRIPESPEWHMETSWMXMZEWUYIXIRHVRPEXVERWMGMR9XMPMGIGYEPUYMIVEHIPEWWMKYMIRXIWSTGMSRIW
3TGMRHIWHIPE&EVVEHIQIR
,EKEGPMGIR4VIWIRXEGMR
3TGMRHIWHIIP4ERIPHIXEVIEW
,EKEGPMGQIR:IV4ERIPHIXEVIEW
8VERWMGMRHIHMETSWMXMZEW
%TEVIGIVIPTERIPHIXVERWMGMRHIHMETSWMXMZEGSRXSHEWPEWTVSTMIHEIWVIPEGMSREHEW
%TEVIGIVIPTERIPHIXEVIEWE,EKEGPMGIRIPQIRHIPTERIP
F,EKEGPMGIRPESTGMR
-
1MGVSWSJX 4S[IV4SMRX \T
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE,IVVEQMIRXEWHIERMQEGMR7YFXIQE8VERWMGMSRIWHI
HMETSWMXMZEW4SVINIQTPS
7MR8VERWMGMR
4IVWMEREWLSVM^SRXEPIW
4IVWMEREWZIVXMGEPIW
6IGYEHVSIRXVERXI
6IGYEHVSWEPMIRXI
'YEHVSWFMGSPSVIWLEGMEIPPEHS
'YEHVSWFMGSPSVIWLEGMEEFENS
&EVVMHSLSVM^SRXEP
&EVVMHSZIVXMGEP
'YFVMVLEGMEEFENS
'YFVMVEPEM^UYMIVHE
'YFVMVEPEHIVIGLE
'YFVMVLEGMEEVVMFE
'YFVMVEPEM^UYMIVHE]EFENS
'YFVMVEPEM^UYMIVHE]EVVMFE
'YFVMVEPEHIVIGLE]EFENS
'YFVMVEPEHIVIGLE]EVVMFE
'SVXEV
'SVXEVIRRIKVS
(MWSPZIV
(IWETEVIGIVWYEZIQIRXI
(IWZERIGMQMIRXSIRRIKVS
(EVZYIPXEW
)QTYNEVLEGMEEFENS
)QTYNEVLEGMEPEM^UYMIVHE
)QTYNEVLEGMEPEHIVIGLE
)QTYNEVLEGMEEVVMFE
&EVVEWLSVM^SRXEPIWEPE^EV
&EVVEWZIVXMGEPIWEPE^EV
*SVQEVYRGVGYPS
*SVQEVYRVSQFS
*SVQEVYREGVY^
(MZMWMRLSVM^SRXEPIRXVERXI
(MZMWMRLSVM^SRXEPWEPMIRXI
(MZMWMRZIVXMGEPIRXVERXI
(MZMWMRZIVXMGEPWEPMIRXI
(IWGYFVMVLEGMEPEM^UYMIVHE]EFENS
(IWGYFVMVLEGMEPEM^UYMIVHE]EVVMFE
(IWGYFVMVLEGMEPEHIVIGLE]EFENS
(IWGYFVMVLEGMEPEHIVIGLE]EVVMFE
6IZIPEVLEGMEEFENS
6IZIPEVLEGMEPEHIVIGLE
6IZIPEVLEGMEEVVMFE
6IZIPEVLEGMEPEM^UYMIVHE]EFENS
6IZIPEVLEGMEPEM^UYMIVHE]EVVMFE
6IZIPEVLEGMEPEHIVIGLE]EFENS
6IZIPEVLEGMEPEHIVIGLE]EVVMFE
'YE
6YIHEIRWIRXMHSHIEKYNEWHIPVIPSNVEHMS
6YIHEIRWIRXMHSHIEKYNEWHIPVIPSNVEHMS
6YIHEIRWIRXMHSHIEKYNEWHIPVIPSNVEHMS
6YIHEIRWIRXMHSHIEKYNEWHIPVIPSNVEHMS
6YIHEIRWIRXMHSHIEKYNEWHIPVIPSNVEHMS
&EVVMHSLEGMEEFENS
&EVVMHSLEGMEPEM^UYMIVHE
&EVVMHSLEGMEEVVMFE
8VERWMGMREPE^EV
E7IPIGGMSRIYRIJIGXSHI
ERMQEGMRTEVEPESPEWHMETSWMXMZEWWIPIGGMSREHEW
F7IPIGGMSRIPEZIPSGMHEHHIPEERMQEGMRWIPIGGMSREHE
G7IPIGGMSRIYRWSRMHSUYIEGSQTEIEPEERMQEGMRWIPIGGMSREHE
H4EVESFWIVZEVPEERMQEGMRHIPEXVERGMWMRIRXVIHMETSWMXMZEWLEKEGPMGWSFVIIWXIFSXR
-
1MGVSWSJX 4S[IV4SMRX \T
)RWE]EVMRXIVZEPSW
9RMRXIVZEPSIWIPXMIQTSUYIXEVHEYRSFNIXSSYREHMETSWMXMZEIRGEQFMEVTSVIPWMKYMIRXISFNIXSEPSPEVKSHIYRETVIWIRXEGMR)WXIXMIQTSWIHIXIVQMREQERYEPQIRXITVIWMSRERHSIPFSXRHIPQSYWIGYERHSWIGSRWMHIVISTSVXYRSUYIETEVI^GEYRRYIZSSFNIXSSUYIGEQ
FMIPEHMETSWMXMZE
4EVEYXMPM^EVIPIRWE]SHIMRXIVZEPSWHIFIWIKYMVPSWWMKYMIRXIWTEWSW
,EKEGPMGIRIPQIR4VIWIRXEGMR0EWHMETSWMXMZEWGEQFMEVERE PE ZMWXE4VIWIRXEGMRGSRHMETSWMXMZEW XEP GSQSWISFWIVZEIRPEMQEKIR
)RWE]EV-RXIVZEPSW
&EVVEHILIVVEQMIRXEWIRWE]S
4YPWIIPFSXRWMKYMIRXISLEKEGPMGIRGYEPUYMIVWIGXSVTEVEUYIETEVI^GEYRRYIZSSFNIXSERMQEHSSGEQFMIPEHMETSWMXMZE)PXMIQTSHII\TSWMGMRPITSHVE]YHEVEHIJMRMVIPQSQIRXSHILEGIVGEHEGPMG
7MKYMIRXI
4EYWE
8MIQTSHII\TSWMGMR
6ITIXMV
8MIQTSXSXEPHIPETVIWIRXEGMR
-
1MGVSWSJX 4S[IV4SMRX \T
%8)2'-28IRKEIRGYIRXEUYIXMIQTSHI)\TSWMGMRPIMRHMGEIPXMIQTSHIHYVEGMRHIPEHMETSWMXMZEEGXMZE]IRIPPXMQSFSXR
SFWIVZEVIPXMIQTSXSXEPHI PETVIWIRXEGMR
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE)RWE]EVMRXIVZEPSW7YFXIQE)WXEFPIGIVPSWMRXIVZEPSW4SV
INIQTPS
-
1MGVSWSJX 4S[IV4SMRX \T
(MJIVIRXIWJSVQEWHIGSRJMKYVEVYRETVIWIRXEGMR
9RE TVIWIRXEGMR TYIHI I\TSRIVWI HI XVIW JSVQEW HMJIVIRXIW HI EGYIVHS E WYWRIGIWMHEHIW
6IEPM^EHETSVYRSVEHSV(SRHIPEWHMETSWMXMZEWWITVIWIRXERETERXEPPEGSQTPIXE]WSRGSRXVSPEHEWTSVIPQMWQSSVEHSVHIEGYIVHSGSRPSWXMIQTSWIQTPIEHSW)\EQMREHEIRJSVQEMRHMZMHYEP0EWHMETSWMXMZEWWITVIWIRXERIRYREZIRXERE)\EQMREHEIRI\TSWMGMR(SRHIPEWHMETSWMXMZEWWIQYIWXVERIRTERXEPPEGSQTPIXETIVSPETVIWIRXEGMRWIINIGYXEEYXSQXMGEQIRXIYXMPM^ERHS PSW MRXIVZEPSWHI XVERWMGMR] PEREVVEGMRKVEFEHE
4EVEGSRJMKYVEVPETVIWIRXEGMRVIEPMGIPSWWMKYMIRXIWTEWSW
,EKEGPMGIRIPQIR4VIWIRXEGMR'SRJMKYVEVTVIWIRXEGMR%TEVIGIIPWMKYMIRXIGYEHVS
'SRJMKYVEVYRETVIWIRXEGMR
-
1MGVSWSJX 4S[IV4SMRX \T
4EVE ZMWYEPM^EV PE TVIWIRXEGMR ] SFWIVZEV PE GSRJMKYVEGMR VIEPM^EHE WMKE PSWWMKYMIRXIWTEWSW
%GXMZIPETVMQIVEHMETSWMXMZE,EKEGPMGIRIPQIR4VIWIRXEGMR:IVTVIWIRXEGMR%WZIVPETVIWIRXEGMRGSRPEGSRJMKYVEGMRUYIPILE]ESXSVKEHS
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE'SRJMKYVEVTVIWIRXEGMSRIW7YFXIQE'VIEGMRHIYRE
TVIWIRXEGMREYXSQXMGE4SVINIQTPS
6IEPMGIPEEGXMZMHEHTEWSETEWSHIWHIIP2I[7ETMIRWUYIWIYFMGEIRIP'ETXYPS8IQE6ITEWS+IRIVEP7YFXIQE4VGXMGE0EFSVEP4SVINIQTPS
-
1MGVSWSJX 4S[IV4SMRX \T
)RIWXEEGXMZMHEHXIRHVUYIYXMPM^EVEPKYREWLIVVEQMIRXEWHIERMQEGMRTEVEQINSVEVIPEWTIGXS HI PEW HMETSWMXMZEW8VEFENEV GSR PEW HSW TVIWIRXEGMSRIW GVIEHEW LEWXE IP
QSQIRXSw0ER^EQMIRXS(YPGIGLSOx]w0ER^EQMIRXSx
%FVEPETVIWIRXEGMR0ER^EQMIRXS(YPGIGLSOGVIEHEIRPE%GXMZMHEH]KYEVHEHEIRWYHMWUYIXI%KVIKYIEGEHEYRSHIPSWSFNIXSWHIPEWHMETSWMXMZEWHMWXMRXSWWSRMHSW]IJIGXSWHIERMQEGMR7MHIWIETYIHIQSHMJMGEVIPSVHIRHIERMQEGMRHIPSWSFNIXSWHIWHIIPGYEHVS
HI4IVWSREPM^EVERMQEGMR )WXEFPI^GE PE XVERWMGMR HI PEW HMETSWMXMZEW IR JSVQE EYXSQXMGE TEVE MRHMGEV PEETEVMGMRHIPEWQMWQEW
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
%GXMZMHEH
-
1MGVSWSJX 4S[IV4SMRX \T
6ITEWSHIPGETXYPS
'YPIWWSRPSWTEWSWUYIHIFIWIKYMVTEVEERMQEVYRSFNIXS#
4EVEUYWIYXMPM^EPELIVVEQMIRXE8VERWMGMRHIHMETSWMXMZEW#
5YJYRGMRGYQTPIPELIVVEQMIRXE)RWE]EVMRXIVZEPSW#
'YPIWWSRPSWTEWSWUYIHIFIWIKYMVTEVEGSRJMKYVEVYRETVIWIRXEGMR#
-
1MGVSWSJX 4S[IV4SMRX \T
'ETXYPS
%PXVQMRSHIIWXIGETXYPSIWTIVEQSWUYIPSKVIRPSWWMKYMIRXIWSFNIXMZSW
R %TVIRHIVEEKVIKEVZS^EYRETVIWIRXEGMREXVEZWHIPESTGMR+VEFEV2EVVEGMRR %TVIRHIVEIPMQMREVYREREVVEGMRIRIPGEWSUYIJYIVERIGIWEVMS
R 'SQTVIRHIVPEYXMPMHEHHIPEWLIVVEQMIRXEWQYPXMQIHMEUYIWITYIHIRMRGSVTSVEVIRPEWHMETSWMXMZEWHIPETVIWIRXEGMR
R %KVIKEVTIPGYPEW]WSRMHSWEPEWHMETSWMXMZEWHIWHIEVGLMZS]YXMPM^ERHSPEKEPIVEUYI
SJVIGIIPTVSKVEQEHI4S[IV4SMRXR %TVIRHIVEVITVSHYGMVYRWSRMHS]XEQFMRYRETIPGYPEMRWIVXEHEIR4S[IV4SMRXR %WMQMPEVPSWGSRGITXSWHIPSWXIQEWUYIXVEXEIWXIGETXYPS]VIEPM^EVPEWEGXMZMHEHIW
TEVEPEMRXIKVEGMRHIGSRSGMQMIRXSW
3VKERM^EGMRHI'SRXIRMHSW
'ETXYPSW 8IQEWHI%TVIRHM^ENI 'SRXIRMHSW1RMQSW
+VEFEV2EVVEGMR
'ETXYPS
+VEFEVREVVEGMR+VEFEVYRE
REVVEGMR)PMQMREVPEREVVEGMRHIYREHMETSWMXMZE
4IPGYPEW]7SRMHSW
4VIWIRXEGMSRIW1YPXMQIHMEPIW7SRMHSW]TIPGYPEW%KVIKEVYRWSRMHSIRYREXVERWMGMRIRXVI
HMETSWMXMZEW-RWIVXEVYRWSRMHSIRYREHMETSWMXMZE6ITVSHYGMVYRWSRMHS1SHMJMGEGMRHIPEW
STGMSRIWHIVITIXMGMRHIPETIPGYPE
-
1MGVSWSJX 4S[IV4SMRX \T
+VEFEVREVVEGMR
+VEFEV2EVVEGMR
4S[IV4SMRXTIVQMXIKVEFEV]EKVIKEVYREREVVEGMRSWSRMHSLEFPEHSIRPETVIWIRXEGMR
GSRHMETSWMXMZEW
%8)2'-28IRKEIRGYIRXEUYITEVETSHIVKVEFEVYREREVVEGMRPEGSQTYXEHSVEHIFIVHMWTSRIVHIYRETPEGEHIWSRMHS]TEVPERXIW7ITYIHIKVEFEVYREREVVEGMRERXIWHIINIGYXEVYRETVIWIRXEGMR]EWEKVIKEVPEEPEWHMETSWMXMZEWSXEQFMRWITYIHIRKVEFEVWSRMHSWHYVERXIPETVIWIRXEGMRIMRGPYMVEWP
