1. ,QD +PVGTPUJKR )WKFG
to
%JCRVGT #EVKQP +VGOU 9
4GUWOG do
OQTG KPHQ ECTGGTDGTMGNG[GFW
.GVVGT 9TKVKPI -GGR VTCEM QH [QWT CEJKGXGOGPVU
5CXG CP[ RQUKVKXG YTKVVGP HGGFDCEM
[QW TGEGKXG 6JKU YKNN EQOG KP JCPF[
YJGP ETGCVKPI TGUWOGU CPF EQXGT
NGVVGTU CPF JGNR [QW UVCPF QWV
)GV CP GCTN[ UVCTV %CTXG QWV VKOG
VQ FGXGNQR CPF GFKV [QWT TGUWOGU
4GUWOGU CTG GURGEKCNN[ KORQTVCPV KP VQFC[ U VQWIJ CPF EQXGT NGVVGTU DGHQTG UWDOKVVKPI
VJGO +P C VQWIJ LQD OCTMGV VJG[
GEQPQO[ UQ KH + YGTG VQ IKXG CP[QPG CFXKEG QP VJGKT
PGGF VQ DG GTTQT HTGG
TGUWOG + YQWNF UC[ CNYC[U VCTIGV [QWT TGUWOG VQ C URGEK E
RQUKVKQP PGXGT OCMG VJGO IGPGTCN
)WCFCNWRG , 5GPKQT 2U[EJQNQI[ #EEGUU RTQXGP GZCORNGU CPF VQQNU
$G[QPF VJKU ,QD +PVGTPUJKR )WKFG
[QW ECP CEEGUU VJG 4GUWOG $WKNFGT
+P C VQWIJ LQD OCTMGV KV U TGCNN[ KORQTVCPV VQ YKVJKP %CNNKUVQ VQ ETGCVG GHHGEVKXG
VCKNQT [QWT TGUWOG + UWIIGUV OCMKPI C OCUVGT TGUWOGU
TGUWOG UQ VJCV [QW ECP EQR[ CPF RCUVG VJG OQUV
TGNGXCPV GZRGTKGPEGU QP VQ VJG TGUWOG [QW UGPF VQ 7UG [QWT QYP YQTFU Q PQV DQTTQY
GORNQ[GTU EQPVGPV HTQO QVJGTU TGUWOGU QT [QW
#O[ . 5GPKQT 2U[EJQNQI[+PVGITCVKXG $KQNQI[ YKNN JCXG C JCTF VKOG VCNMKPI CDQWV KV
KP CP KPVGTXKGY
5GG C RGGT CFXKUQT QT ECTGGT
#
EQWPUGNQT HQT TGUWOG CPF EQXGT
NGVVGT ETKVKSWGU
YGNN ETCHVGF TGUWOG CPF EQXGT NGVVGT ECP UGV [QW CRCTV HTQO
QVJGT ECPFKFCVGU 5VTQPI TGUWOGU FQ OQTG VJCP UWOOCTKG [QWT GFWECVKQPCN 4GETWKV CP 'PINKUJ OCLQT QT QVJGT
DCEMITQWPF CPF YQTM JKUVQT[ VJG[ GORJCUKG VJG TGUWNVU QH [QWT GHHQTVU CPF YQTF YJK VQ RGTHQTO C PCN
FTCY ENGCT RCTCNNGNU DGVYGGP [QWT UMKNNU CPF GZRGTKGPEG CPF CP GORNQ[GT U ITCOOCT CPF EQPVGPV TGXKGY *CXG
PGGFU %WUVQOKKPI [QW TGUWOG KU ETKVKECN KP C VQWIJ LQD OCTMGV VYQ QVJGT RGQRNG TGCF [QWT TGUWOG
HQT IQQF OGCUWTG
6*' 56'25 1( 4'57/' '8'.12/'06
5VGR #PCN[G VJG ,QD GUETKRVKQP
4GCF LQD FGUETKRVKQPU VJQTQWIJN[ CPF VJGP JKIJNKIJV CNN QH VJG MG[YQTFU YJKEJ (QNNQY WR YKVJ GORNQ[GTU
[QW XG UWDOKVVGF [QWT TGUWOG
KPFKECVG TGSWKTGF CPF RTGHGTTGF UMKNNU CDKNKVKGU CVVTKDWVGU CPF SWCNK ECVKQPU
CPF EQXGT NGVVGT VQ YKVJKP VYQ
+H CP GORNQ[GT KU NQQMKPI HQT UQOGDQF[ YJQ KU KPPQXCVKXG RWPEVWCN CPF
YGGMU $GKPI RTQCEVKXG KU GURGEKCNN[
CVVGPVKXG VQ FGVCKN WUG VJGUG UCOG QT UKOKNCT YQTFU KP [QWT TGUWOG KORQTVCPV KP C VQWIJ LQD OCTMGV
5VGR )GPGTCVG C .KUV QH #EEQORNKUJOGPVU
%TGCVG CP KPXGPVQT[ QH [QWT CEEQORNKUJOGPVU VCUMU VJCV [QW GPLQ[GF FQKPI 9CVEJ QWT 1PNKPG 4GUWOG CPF
FKF YGNN CPF CTG RTQWF QH +PENWFG GFWECVKQPVTCKPKPI XQNWPVGGT GZRGTKGPEG %QXGT .GVVGT 9QTMUJQRU CXCKNCDNG
LQDU RTQLGEVU UEJQQN CUUKIPOGPVU VTCXGN CPF ITQWR QT VGCO CEVKXKVKGU (QEWU QP ECTGGTDGTMGNG[GFW
QP VJG QWVEQOGU QH [QWT GHHQTVU 3WCPVKH[ [QWT TGUWNVU KH RQUUKDNG QP V DG
JWODNG 4GUWOGU CTG RTQOQVKQPCN VQQNU
,QD +PVGTPUJKR )WKFG

2. 5VGR +FGPVKH[ 4GNGXCPV 5MKNN #TGCU
9JCV UMKNNU CTG PGEGUUCT[ HQT VJG LQD! (TCOG [QWT GZRGTKGPEG UQ VJCV KV HQEWUGU QP UMKNNU CPF CEJKGXGOGPVU VJCV
CTG FGUKTCDNG HQT VJCV RCTVKEWNCT RQUKVKQP
5VGR 9TKVG GUETKRVKXG 2JTCUGU
7UKPI CEVKQP XGTDU
UGG R YTKVG UJQTV RJTCUGU VQ FGUETKDG GZRGTKGPEGU VJCV FGOQPUVTCVG [QWT TGNGXCPV UMKNNU
'ZRCPF QP TGNGXCPV UMKNNU CPF GZRGTKGPEGU CPF EQOOKV NGUU URCEG VQ FGUETKDKPI QVJGTU Q [QWT DGUV VQ RNCEG
VJGO KP QTFGT QH TGNGXCPEG YKVJ VJG OQUV TGNGXCPV KPHQTOCVKQP CU ENQUG CU RQUUKDNG VQ VJG VQR
5VGR %JQQUG C (QTOCV
9JKNG TGUWOG VGORNCVGU OC[ DG VGORVKPI VJG[ VGPF VQ DG KP GZKDNG CNUQ GORNQ[GTU CTG QHVGP HCOKNKCT YKVJ
VJGO CPF OC[ RGTEGKXG [QW CU NCEMKPI KPIGPWKV[ *GTG U C EJCTV VQ JGNR [QW UGNGEV C HQTOCV
5GNGEVKPI C 4GUWOG (QTOCV
%JTQPQNQIKECN 5MKNNU *[DTKF
.KUVU [QWT GZRGTKGPEG KP TGXGTUG .KUVU [QWT GZRGTKGPEG DCUGF %QODKPGU VJG QVJGT VYQ
EJTQPQNQIKECN QTFGT HTQO OQUV QP UMKNN JGCFKPIU YJKEJ CTG PQV HQTOCVU %CP DG QTICPKGF
TGEGPV VQ NGCUV TGEGPV PGEGUUCTKN[ KP EJTQPQNQIKECN KP FKHHGTGPV YC[U DWV WUWCNN[
QTFGT FKURNC[U GZRGTKGPEGU YKVJ
9QTMU DGUV YJGP [QWT YQTM FGUETKRVKQPU KP TGXGTUG
XQNWPVGGT CPF CECFGOKE 9QTMU DGUV YJGP [QW CTG VT[KPI EJTQPQNQIKECN QTFGT ITQWRGF
GZRGTKGPEG TGNCVG FKTGEVN[ VQ VJG VQ DTGCM KPVQ C GNF YJGTG [QW WPFGT UMKNN JGCFKPIU
V[RG QH LQD [QW TG CRRN[KPI HQT JCXG NKVVNG QT PQ GZRGTKGPEG #
IQQF EJQKEG HQT ECTGGT UJKHVGTU 9QTMU DGUV YJGP VJGTG CTG
+NNWUVTCVGU EQPUKUVGPE[ KP [QWT UQOG EQPUKUVGPV VJGOGU VQ
YQTM JKUVQT[ +H VJGTG CTG YKFG #EVWCN YQTM JKUVQT[ KU [QWT GZRGTKGPEG
VGCEJKPI
ICRU KP [QWT GZRGTKGPEG VJKU UWOOCTKGF KP C DTKGH UGEVKQP NGCFGTUJKR OCTMGVKPI GVE
OC[ PQV DG VJG DGUV HQTOCV HQT CV VJG DQVVQO QH VJG RCIG
[QW 6JG DGPG V QH VJKU HQTOCV KU VJCV
(QEWU KU UJKHVGF CYC[ HTQO KV RTQXKFGU GORNQ[GTU
/QUV RQRWNCT TGUWOG UV[NG 6JG YJGTG CPF YJGP [QW YKVJ GCUKN[ KFGPVK CDNG UMKNN
OCLQTKV[ QH QPECORWU TGETWKVGTU FGXGNQRGF RCTVKEWNCT UMKNNU CTGCU CPF C UGPUG QH [QWT
CPF DWUKPGUU GORNQ[GTU RTGHGT 6JG UMKNNU VJGOUGNXGU CTG VJG JKUVQT[
VJKU UV[NG OCKP CVVTCEVKQP
5GG CP GZCORNG R
5GG CP GZCORNG R 5GG CP GZCORNG R
4'57/' 6+25 (14 (+456 ;'#4 567'065
;QW OC[ KPENWFG YQTM NGCFGTUJKR CPF CECFGOKE CEJKGXGOGPVU HTQO JKIJ UEJQQN $[ [QWT VJKTF [GCT KP
EQNNGIG EQNNGIG GZRGTKGPEGU UJQWNF TGRNCEG VJQUG HTQO JKIJ UEJQQN
QP V YQTT[ CDQWV JCXKPI NKOKVGF YQTM GZRGTKGPEG ;QW OC[ JKIJNKIJV QVJGT CEEQORNKUJOGPVU UWEJ CU VJQUG
NKUVGF WPFGT 4GUWOG %QORQPGPVU R +PENWFG UQOG QH VJG EQORQPGPVU OCTMGF QRVKQPCN
(KTUV TGUWOGU TGSWKTG GZVTC VKOG VQ CUUGODNG 'ZRGEV VQ URGPF C HGY JQWTU ETGCVKPI C TQWIJ FTCHV CPF OCMG CP
CRRQKPVOGPV YKVJ C ECTGGT EQWPUGNQT QT UGG C RGGT CFXKUQT KP FTQRKPU VQ TGXKGY [QWT FQEWOGPV
$G RCVKGPV YKVJ VJG RTQEGUU 4GUWOGU CTG CNYC[U C YQTM KP RTQITGUU
ECTGGTDGTMGNG[GFW

3. /#-+0) # %#4''4 5*+(6
4'57/' 1U #0 10 6U .GV U UC[ [QW YQTMGF CU C TGUVCWTCPV JQUV HQT VJG RCUV
VYQ [GCTU PQY [QW YCPV VQ PF CP KPVGTPUJKR KP JWOCP
Q TGUQWTEGU *QY ECP [QW OCMG VJG UYKVEJ! $[ WUKPI [QWT
VTCPUHGTCDNG UMKNNU 6TCPUHGTCDNG UMKNNU CTG UMKNNU VJCV [QW XG
/CMG [QWT QDLGEVKXG TGNGXCPV CPF EQPEKUG FGXGNQRGF VJCV ECP DG WUGF KP OCP[ FKHHGTGPV UGVVKPIU
*GTG CTG UQOG GZCORNGU
(QEWU QP VJG URGEK E TGUWNVU QH [QWT YQTM UKIPK ECPV
CEJKGXGOGPVU CPF TGEQIPKVKQP TGEGKXGF %WUVQOGT UGTXKEG CPF EQPHNKEV TGUQNWVKQP
#PCN[VKECN CPF RTQDNGO UQNXKPI CDKNKV[
7UG CEVKQP XGTDU UWEJ CU ETGCVGF QT EQQTFKPCVGF VQ 6GCOYQTM CPF NGCFGTUJKR
FGUETKDG [QWT GZRGTKGPEG 9TKVVGP CPF XGTDCN EQOOWPKECVKQP
1TICPKCVKQPCN UMKNNU CPF CVVGPVKQP VQ FGVCKN
)GV HGGFDCEM HTQO UGXGTCN RGQRNG KPENWFKPI C ECTGGT 4GUGCTEJ CPF RTGUGPVCVKQP
EQWPUGNQT
;QWT NKUV YKNN DG WPKSWG 2TKQT VQ YTKVKPI [QWT TGUWOG
*CXG UQOGDQF[ YJQUG YTKVKPI UMKNNU [QW VTWUV EQPUKFGT YJCV UMKNNU [QW XG FGXGNQRGF VJCV OC[ VTCPUNCVG
RTQQHTGCF [QWT TGUWOG HQT URGNNKPI CPF ITCOOCVKECN HTQO QPG YQTM GPXKTQPOGPV VQ CPQVJGT #U [QW UGCTEJ
GTTQTU HQT LQDU QT KPVGTPUJKRU VCTIGV LQD RQUVKPIU YKVJ VJGUG
UMKNNU 6JGP YTKVG QWV KP FGVCKN VJG YC[U KP YJKEJ [QW XG
4GOGODGT VQ FGUETKDG DQVJ [QWT RCKF CPF WPRCKF FGXGNQRGF GCEJ QPG 6JG ECUG DGNQY KNNWUVTCVGU JQY C
RQUKVKQPU QT XQNWPVGGT GZRGTKGPEGU TGUVCWTCPV JQUV EQWNF FGOQPUVTCVG UQOG QH VJG VTCPUHGTCDNG
UMKNNU VJCV CP GORNQ[GT KU UGGMKPI 7UG KV CU C OQFGN HQT
'ZGTEKUG TGUVTCKPV TCVJGT VJCP ETCOOKPI VQQ OWEJ FGXGNQRKPI [QWT QYP NKUV QH VTCPUHGTCDNG UMKNNU
KPHQTOCVKQP QPVQ C TGUWOG
6JG ,QD 2QUVKPI
6CKNQT [QWT TGUWOG VQ GCEJ URGEK E RQUKVKQP ,QKP VJG *WOCP 4GUQWTEGU 6GCO QH %QORCP[ : KP VJG 'CUV
$C[ CU C 4GETWKVKPI +PVGTP /WUV
1OKV GZRGTKGPEGU VJCV [QW YQWNF PQV YCPV VQ TGRGCV DG GHHGEVKXG CV YTKVVGP CPF XGTDCN EQOOWPKECVKQP
KP HWVWTG RQUKVKQPU WPNGUU VJG[ CTG PGEGUUCT[ HQT VJG LQD DG RTQ EKGPV KP 9QTF CPF 'ZEGN
DG CDNG VQ SWKEMN[ NGCTP EQORWVGT RTQITCOU
7UG TGCFCDNG CPF EQOOQP HQPVU JCXG CDKNKV[ VQ VTCXGN NQECNN[ YJGP PGGFGF
JCXG RWPEVWCN CPF EQPUKUVGPV CVVGPFCPEG
DG YKNNKPI VQ RGTHQTO CFOKPKUVTCVKXG FWVKGU
QP V
4GNGXCPV 5MKNNU GXGNQRGF CU C 4GUVCWTCPV *QUV
7UG RJTCUGU UWEJ CU 4GURQPUKDKNKVKGU KPENWFGF 9TKVVGP CPF 8GTDCN %QOOWPKECVKQP
6YQ [GCTU QH CUUKUVKPI EWUVQOGTU KP C HCUVRCEGF JGEVKE
7UG TGUWOG VGORNCVGU KPENWFGF KP YQTF RTQEGUUKPI TGUVCWTCPV GPXKTQPOGPV
UQHVYCTG /GFKCVGF EQPHNKEVU WUKPI C EWUVQOGTU TUV CRRTQCEJ VQ
GPUWTG TGUQNWVKQP CPF UCVKUHCEVKQP
/CPKRWNCVG OCTIKPU QT HQPV UKG VQ CEEQOOQFCVG GXGNQRGF C EWUVQOGT UGTXKEG JCPFDQQM HQT JQUVU CPF
KPHQTOCVKQP KP RNCEG QH RTQRGT GFKVKPI YCKVUVCHH +PKVKCVKXG TGUWNVGF KP DGKPI CYCTFGF 'ORNQ[GG
QH VJG ;GCT
+PENWFG TQWVKPG LQD FWVKGU UWEJ CU OCMKPI EQRKGU
3WKEM .GCTPGT%QORWVGTU
7UG NQPI UGPVGPEGU QT RCTCITCRJU /CUVGTGF RTQRTKGVCT[ VCDNG UGTXKEG OCPCIGOGPV U[UVGO
KP NGUU VJCP QPG YGGM KPETGCUKPI HQQF UGTXKEG CEEWTCE[
5WDOKV VJG UCOG TGUWOG VQ GXGT[ GORNQ[GT TGICTFNGUU
QH VJG RQUKVKQP 2WPEVWCN)QQF #VVGPFCPEG
/CKPVCKPGF RGTHGEV CVVGPFCPEG TGEQTF CU C JQUV CPF CU C
9TKVG NQPI QDLGEVKXGU UWEJ CU 6Q PF C UCNGU RQUKVKQP TGUKFGPEG JCNN RGGT EQWPUGNQT HQT QXGT C [GCT RGTKQF
CV C OGFKWO UKGF EQTRQTCVKQP YJGTG + ECP ITQY CPF
FGXGNQR O[ OCPCIGOGPV UMKNNU
,QD +PVGTPUJKR )WKFG

4. '/#+.+0) 4'57/'5
to
$GHQTG GOCKNKPI [QWT TGUWOG VT[ VQ PF QWV
VJG GORNQ[GT U HQTOCV RTGHGTGPEG 5QOG CEEGRV
CVVCEJOGPVU QVJGTU RTGHGT [QWT TGUWOG KP VJG VGZV QH
4'57/' %*'%-.+56
9do
VJG GOCKN OGUUCIG +H [QW ECP V PF QWV VJG GORNQ[GT U 5612 QP V UWDOKV [QWT TGUWOG WPVKN [QW JCXG
RTGHGTGPEG UGPF KV DQVJ YC[U KP QPG OGUUCIG 7PNGUU
EJGEMGF QHH VJKU NKUV
[QW CTG VQNF QVJGTYKUG KPENWFG C EQXGT NGVVGT 5GPF VJG
TGUWOG CPF EQXGT NGVVGT KP QPG GOCKN OGUUCIG 5GG R
HQT CP GZCORNG GOCKN HQTOCV #TG [QWT PCOG CFFTGUU EKV[ UVCVG KR EQFG
RJQPG PWODGT CPF GOCKN CFFTGUU CV VJG VQR QH
9JGP UWDOKVVKPI C TGUWOG XKC CP QTICPKCVKQP U VJG RCIG!
YGDUKVG WUG VJG HQTOCVVKPI CPF FKURNC[ UV[NG
TGEQOOGPFGF D[ VJG YGDUKVG +U VJG TGUWOG RNGCUKPI VQ VJG G[G YKVJ CP GCU[
VQTGCF HQPV IQQF NC[QWV! %CP CP GORNQ[GT
6Q UGPF [QWT TGUWOG CU CP CVVCEJOGPV NGCTP VJG DCUKEU CDQWV [QW YKVJ C UGEQPF
)KXG VJG FQEWOGPV C PCOG VJG TGETWKVGT YKNN INCPEG CV KV!
CUUQEKCVG YKVJ [QW UWEJ CU /KNNGT,GPPKHGTFQE
QP V IKXG KV C IGPGTKE PCOG NKMG 4GUWOGFQE KF [QW WUG DWNNGVU DQNF CNN ECRKVCNU CPF
$G UWTG [QWT FQEWOGPV KU XKTWU HTGG WPFGTNKPKPI VQ JKIJNKIJV VJG RCTVU [QW YCPV VQ
'OCKN KV VQ [QWTUGNH VQ OCMG UWTG KV U GCU[ VQ QRGP GORJCUKG
GI LQD VKVNGU!
CPF VJG HQTOCVVKPI TGOCKPU KPVCEV
KF [QW VCKNQT [QWT TGUWOG HQT VJG RQUKVKQP
6Q UGPF [QWT TGUWOG KP VJG VGZV QH VJG GOCKN OGUUCIG D[ KPENWFKPI MG[ UMKNNU CPF GZRGTKGPEGU VJG
5CXG DQVJ VJG TGUWOG CPF EQXGT NGVVGT CU VGZV GORNQ[GT YCPVU!
FQEWOGPVU
VZV
2WV VJG EQXGT NGVVGT TUV +U KPHQTOCVKQP NKUVGF KP QTFGT QH KORQTVCPEG CPF
Q PQV WUG DQNF WPFGTNKPKPI DWNNGVU FKUVKPEVKXG TGNGXCPEG VQ VJG TGSWKTGOGPVU NKUVGF KP VJG LQD
HQPVU EQNQTGF VGZV QT JVON EQFGU 7UG CUVGTKUMU FGUETKRVKQP!
RNWU UKIPU
FCUJGU CNN ECRKVCN NGVVGTU CPF
EQODKPCVKQPU QH VJGUG VQ JKIJNKIJV VGZV QGU VJG TGUWOG CXQKF IGPGTCNKVKGU CPF RTQXKFG
6GZV TGUWOGU NQQM RNCKP CPF QTFKPCT[ DWV GORNQ[GTU URGEK E KPHQTOCVKQP CDQWV EQPVGZV CEVKQPU
CTG WUGF VQ VJKU 6JG[ CTG OQTG EQPEGTPGF YKVJ VCMGP CPF TGUWNVU!
YJGVJGT VJG EQPVGPV OGGVU VJGKT PGGFU
Q OQUV RJTCUGU DGIKP YKVJ CEVKQP XGTDU UWEJ
6Q OCMG [QWT TGUWOG UECPPCDNG CU FGXGNQRGF KPKVKCVGF GVE!
5QOG GORNQ[GTU WUG TGUWOG FCVCDCUG VTCEMKPI
U[UVGOU 6JG[ UECP KPEQOKPI TGUWOGU
UQOGVKOGU *CXG [QW DGGP CEEWTCVG CPF VTWVJHWN CDQWV [QWT
NGVVGTU VQQ KPVQ C FCVCDCUG CPF YJGP VJG[ JCXG CEEQORNKUJOGPVU TCVJGT VJCP DGKPI VQQ OQFGUV
QRGPKPIU TGVTKGXG TGUWOGU WUKPI TGNGXCPV MG[YQTFU QT GZCIIGTCVKPI!
5QOG EQORCPKGU YKNN KPFKECVG QP VJGKT YGDUKVG KH VJG[
UECP TGUWOGU CPF QHVGP RTQXKFG HQTOCVVKPI VKRU KF [QW EJGEM VJG URGNNKPI QH GXGT[ YQTF CPF
OCMG UWTG VJG ITCOOCT CPF RWPEVWCVKQP CTG
+PENWFG KPFWUVT[ QT LQDURGEK E MG[YQTFU GURGEKCNN[ EQTTGEV!
TGNGXCPV UMKNNU OCLQT URGEK E CTGCU QH UVWF[ CPF
GZRGTKGPEG
GI OCTMGVKPI TGUGCTEJ LCXC JVON +H [QW MPQY [QWT TGUWOG YKNN DG UECPPGF FKF
UCNGU IGN GNGEVTQRJQTGUKU [QW QOKV EQNWOPU WPFGTNKPKPI CPF DWNNGVU!
7UG VQ RQKPV HQPV UKG Q PQV WUG KVCNKEU *CXG [QW JCF C %CTGGT %GPVGT EQWPUGNQT QT
WPFGTNKPKPI HCPE[ HQPVU DWNNGVU QT OWNVKRNG EQNWOPU RGGT CFXKUQT ETKVKSWG KV!
7UG CNN DQNF QT ECRKVCNU HQT GORJCUKU
+H [QW YGTG VJG GORNQ[GT YQWNF [QW ECNN [QW
9JGP UWDOKVVKPI C JCTF EQR[ D[ OCKN RTKPV KV QP HQT CP KPVGTXKGY!
YJKVG RCRGT YKVJ C NCUGT RTKPVGT
ECTGGTDGTMGNG[GFW

5. 4'57/' %1/210'065
%1/210'06 $#5+%5 %1//'065
+FGPVKH[KPI CVC 2WV PCOG UVTGGV CFFTGUU GOCKN CFFTGUU CPF 8QKEGOCKN OGUUCIG GOCKN CFFTGUU CPF YGDUKVG EQPVGPV
RJQPG QT OGUUCIG PWODGT CV VJG VQR QH VJG UJQWNF DG CRRTQRTKCVG HQT C RQVGPVKCN GORNQ[GT QP V
RCIG
KPENWFG CTGC EQFGU CPF KR EQFGU%CP CPUYGT VJG RJQPG FWTKPI C LQD UGCTEJ WPNGUU [QW CTG KP
CNUQ KPENWFG RGTUQPCN YGD RCIG KH TGNGXCPV CP CRRTQRTKCVG GPXKTQPOGPV
'FWECVKQP 0COG QH UEJQQN OCLQT FGITGG TGEGKXGF +PENWFG CP[ EQWTUG VKVNGU TGNGXCPV VQ VJG VCTIGVGF RQUKVKQP
ITCFWCVKQP FCVG RTQLGEVGF ITCFWCVKQP FCVG *QPQTU CPF ITCFGRQKPV CXGTCIG CTG QRVKQPCN KPENWFG KH
QT FCVGU QH CVVGPFCPEG KH FGITGG YCU PQV COQPI [QWT UVTQPI RQKPVU +H [QW CVVGPFGF OQTG VJCP
EQORNGVGF QPG UEJQQN NKUV VJG OQUV TGEGPV TUV ;QW FQP V JCXG VQ
NKUV CNN VJG UEJQQNU [QW JCXG CVVGPFGF PQT JKIJ UEJQQN
#FFKVKQPCN GFWECVKQP CPF VTCKPKPI OC[ GKVJGT IQ JGTG QT
WPFGT C UGRCTCVG JGCFKPI
'ZRGTKGPEG9QTM 2CKF CPF WPRCKF YQTM SWCNKH[ CU GZRGTKGPEG 2TGUGPV CEJKGXGOGPVU EQPVTKDWVKQPU CPF TGUWNVU
*KUVQT[ 'ORJCUKG VCUMU UMKNNU CDKNKVKGU CPF
GI UVTGCONKPGF C RTQEGFWTG QT OCFG C EQUVUCXKPI
CEEQORNKUJOGPVU TGNCVGF VQ VJG VCTIGVGF UWIIGUVKQP
RQUKVKQP )KXG VJG LQD VKVNG GORNQ[KPI
QTICPKCVKQP CPF FCVGU QH GORNQ[OGPV
1RVKQPCN EQORQPGPVU WUG KH CRRTQRTKCVG HQT [QWT DCEMITQWPF CPF VJG GORNQ[GTU [QW TG VCTIGVKPI
,QD 1DLGEVKXG # QPGNKPG FGUETKRVKQP QH VJG V[RG QH RQUKVKQP (QNNQYU [QWT PCOG CFFTGUU CPF RJQPG PWODGT CV VJG
[QW YCPV VQR QH [QWT TGUWOG 5JQWNF DG URGEK E TCVJGT VJCP C
IGPGTCN UVCVGOGPV QH [QWT KPVGTGUVU
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