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5KCRCTGEGWPOGPUCLGKPFKECPFQSWGGNUQHVYCTGSWGJCKPUVCNCFQPQJCUWRGTCFQNC
RTWGDCFGNNQIQVKRQFG9KPFQYUJCICENKEGP%QPVKPWCT

.CUXGPVCPCUSWGCRCTGEGPUQNQWPQUKPUVCPVGUFWTCPVGGNRTQEGUQFGKPUVCNCEKxPPQ
TGSWKGTGPKPVGTXGPEKxPRQTRCTVGFGNWUWCTKQ

5KRCTGEGSWGPQQEWTTGPCFCGURQUKDNGSWGJC[CXGPVCPCUQEWNVCUSWGTGSWKGTCPUW
CVGPEKxP%QORTWGDGNCDCTTCFGVCTGCU[OKTGFGVThUFGNCUXGPVCPCUCDKGTVCU
+ORQTVCPVG0QJCICENKEGPGNDQVxP%CPEGNCTFGPKPIWPQFGNQURCPGNGUFGN
RTQITCOCFGKPUVCNCEKxP
  7PCXG\SWGUGJC[CTGKPKEKCFQGNQTFGPCFQTUKICNCUKPUVTWEEKQPGUFGN¥#UKUVGPVGRCTC
JCTFYCTGPWGXQGPEQPVTCFQ¦RCTCCEVWCNK\CTNQUFTKXGTUFGUQHVYCTG
UQNQGPGNECUQFG
9KPFQYU:2 
  #UKOKUOQUKICNCUKPUVTWEEKQPGUFGEWCNSWKGTQVTQCUKUVGPVGSWGCRCTG\EC
  %QORTWGDGUKJC[CEVWCNK\CEKQPGUFGNQUFTKXGTUFG$QQV%CORFKURQPKDNGU2CTCGNNQ
WVKNKEG#RRNG5QHVYCTG7RFCVGQXC[CCYYYCRRNGEQOGUUWRRQTVDQQVECOR

2TQDNGOCURCTCKPUVCNCTNQUFTKXGTUFGFKURQUKVKXQU
5KRCTGEGSWGNQUFTKXGTUFG$QQV%CORPQUGKPUVCNCTQPEQTTGEVCOGPVGKPVGPVGTGRCTCTNQU

2CTCTGRCTCTNQUFTKXGTUFG$QQV%COR
  #TTCPSWGGNQTFGPCFQTGP9KPFQYU
  +PUGTVGGNFKUEQFGKPUVCNCEKxPFG/CE15:

 
  5KGNRTQITCOCFGKPUVCNCEKxPPQUGGLGEWVCWVKNKEGGN'ZRNQTCFQTFG9KPFQYURCTCKT
JCUVCGNFKUEQ[JCICFQDNGENKEGPGNCTEJKXQ¥UGVWRGZG¦FGNFKTGEVQTKQ$QQV%COR
  *CICENKEGP4GRCTCT[UKICNCUKPUVTWEEKQPGUSWGCRCTGEGPGPRCPVCNNC

5KCRCTGEGWPOGPUCLGKPFKECPFQSWGGNUQHVYCTGSWGGUVhKPUVCNCPFQPQJCUWRGTCFQ
NCRTWGDCFGNNQIQVKRQFG9KPFQYUJCICENKEGP%QPVKPWCT

5KPGEGUKVCTGKPUVCNCTFGVGTOKPCFQUFTKXGTURWGFGKPUVCNCTNQUFGHQTOCKPFGRGPFKGPVG
2QTGLGORNQUKNCEhOCTCK5KIJVKPVGITCFCPQHWPEKQPCRWGFGXQNXGTCKPUVCNCT
}PKECOGPVGGNFTKXGTRCTCNCK5KIJV

%CFCWPQFGGUVQUFTKXGTUUGGPEWGPVTCGPNCECTRGVC&TKXGTUFGNFKUEQFGKPUVCNCEKxP
FG/CE15:

2CTCTGKPUVCNCTWPFGVGTOKPCFQFTKXGT
  +PUGTVGGNFKUEQFGKPUVCNCEKxPFG/CE15:
  5CNICFGNCKPVGTHC\FGGLGEWEKxPCWVQOhVKECUKUGCDTG
  /GFKCPVGGN'ZRNQTCFQTFG9KPFQYUNQECNKEGGNFTKXGTSWGFGUGGTGKPUVCNCT
  #DTCGNFTKXGTRCTCKPKEKCTGNRTQEGUQFGKPUVCNCEKxP

#TTCPSWGEQP/CE15:Q9KPFQYU
7PCXG\KPUVCNCFQ9KPFQYU[NQUFTKXGTUFG$QQV%CORRWGFGCTTCPECTGN/CEEQP
9KPFQYU$QQV%CORHCEKNKVCGNCTTCPSWGFGNQTFGPCFQTEQP/CE15:Q9KPFQYU
2WGFGFGVGTOKPCTGNUKUVGOCQRGTCVKXQEQPGNSWGGNQTFGPCFQTCTTCPECThRQTQOKUKxP
GPGNRCPGNFGRTGHGTGPEKCU&KUEQUFG#TTCPSWG
/CE15: QGPGNRCPGNFGEQPVTQN
$QQV%COR
9KPFQYU 6CODKoPRWGFGUGNGEEKQPCTWPUKUVGOCQRGTCVKXQEWCPFQ
CTTCPSWGGNQTFGPCFQT

%QP°IWTCEKxPFGNUKUVGOCQRGTCVKXQRQTQOKUKxP
'P/CE15:RWGFGWVKNK\CTGNRCPGN&KUEQUFG#TTCPSWGFG2TGHGTGPEKCUFGN5KUVGOC
RCTCFGVGTOKPCTGNUKUVGOCQRGTCVKXQEQPGNSWGFGUGCCTTCPECTUWGSWKRQRQTQOKUKxP
$QQV%CORVCODKoPKPUVCNCGNRCPGNFGEQPVTQN$QQV%CORSWGNGRGTOKVGFG°PKTGN
UKUVGOCQRGTCVKXQSWGUGWUCThRQTQOKUKxPEWCPFQUGGLGEWVG9KPFQYU

2CTCKPFKECTGNUKUVGOCQRGTCVKXQRQTQOKUKxPGP/CE15:
  'P/CE15:UGNGEEKQPGOGP}#RRNG ¥2TGHGTGPEKCUFGN5KUVGOC¦[JCICENKEGP¥&KUEQU
FG#TTCPSWG¦
  5GNGEEKQPGGNFKUEQFGCTTCPSWGEQPGNUKUVGOCQRGTCVKXQSWGFGUGGWVKNK\CTRQTQOKUKxP
  5KFGUGCCTTCPECTGPGNUKUVGOCQRGTCVKXQSWGJCGNGIKFQJCICENKEGP4GKPKEKCT

2CTCFG°PKTGNUKUVGOCQRGTCVKXQRTGFGVGTOKPCFQGP9KPFQYU
  'P9KPFQYUJCICENKEGPGNKEQPQFG$QQV%CORFGNCDCPFGLCFGNUKUVGOC
[UGNGEEKQPG¥2CPGNFGEQPVTQN$QQV%COR¦

  
0QVC2WGFGSWGUWRCPVCNNCVGPICWPCURGEVQFKHGTGPVGFGRGPFKGPFQFGSWo
QTFGPCFQTGUVoWVKNK\CPFQ
  5GNGEEKQPGGNFKUEQFGCTTCPSWGEQPGNUKUVGOCQRGTCVKXQSWGFGUGGWVKNK\CTRQTQOKUKxP
  5KFGUGCCTTCPECTGPGNUKUVGOCQRGTCVKXQSWGJCGNGIKFQJCICENKEGP4GKPKEKCT

2CTCTGKPKEKCTGNQTFGPCFQTGP/CE15:WVKNK\CPFQGNKEQPQFG$QQV%CORFGNC
DCPFGLCFGNUKUVGOC
m 'P9KPFQYUJCICENKEGPGNKEQPQFG$QQV%CORFGNCDCPFGLCFGNUKUVGOC[
UGNGEEKQPG¥4GKPKEKCTGP/CE15:¦

*CEKGPFQGUVQVCODKoPUGCLWUVCGNUKUVGOCQRGTCVKXQRQTQOKUKxPGP/CE15:

5GNGEEKxPFGWPUKUVGOCQRGTCVKXQFWTCPVGGNRTQEGUQFGCTTCPSWG
2CTCUGNGEEKQPCTGNUKUVGOCQRGTCVKXQSWGFGUGCWVKNK\CTFWTCPVGGNCTTCPSWGOCPVGPIC
RWNUCFCNCVGENC1REKxP5GOQUVTCThPNQUKEQPQUFGVQFQUNQUFKUEQUFGCTTCPSWG
FKURQPKDNGU[RQFThKIPQTCTGNCLWUVGFGNFKUEQFGCTTCPSWGRQTQOKUKxPFGNRCPGN
FGRTGHGTGPEKCU&KUEQUFG#TTCPSWG
/CE15: QFGNRCPGNFGEQPVTQN$QQV%COR

9KPFQYU UKPECODKCTNQ

2CTCUGNGEEKQPCTWPUKUVGOCQRGTCVKXQFWTCPVGGNCTTCPSWG
  4GKPKEKGGNQTFGPCFQT[OCPVGPICRWNUCFCNCVGENC1REKxPJCUVCSWGCRCTG\ECPNQU
KEQPQUFGFKUEQGPNCRCPVCNNC
  5GNGEEKQPGGNFKUEQFGCTTCPSWGSWGRQUGGGNUKUVGOCQRGTCVKXQSWGFGUGCWVKNK\CT[C
EQPVKPWCEKxPJCICENKEGPNC±GEJCUKVWCFCDCLQGNKEQPQ

2TQDNGOCURCTCWVKNK\CT9KPFQYUGPGN/CE
5KVKGPGRTQDNGOCURCTCWUCT9KPFQYUGPGN/CERTWGDGNCUUQNWEKQPGUSWGUG
FGUETKDGPCEQPVKPWCEKxP

2CTCQDVGPGTOhUKPHQTOCEKxPUQDTGNCUQNWEKxPFGRTQDNGOCUXC[CC
YYYCRRNGEQOGUUWRRQTVDQQVECOR

5KCRCTGEGGNOGPUCLG¥0Q$QQV&KUM#VVCEJGF¥
0KPI}PFKUEQFGCTTCPSWG
EQPGEVCFQ CNCTTCPECTGNQTFGPCFQT
'URQUKDNGSWGGNQTFGPCFQTPQRWGFCCTTCPECTRQTSWGNCRCTVKEKxPFG$QQV%CORVGPIC
WPHQTOCVQKPEQTTGEVQ#TTCPSWGGNQTFGPCFQTEQP/CE15:[CDTCGN#UKUVGPVG$QQV
%COR'NKOKPGNCRCTVKEKxPFG$QQV%COR[CEQPVKPWCEKxPXWGNXCCETGCTNC+PUVCNG
9KPFQYUFGPWGXQ[CUGI}TGUGFGSWGNCRCTVKEKxPGUVhEQTTGEVCOGPVGHQTOCVGCFC
5KNCRCPVCNNCGUVhGPDNCPEQQNCKOCIGPGUVhFKUVQTUKQPCFC
2WGFGSWGCNIWPCUVCTLGVCUITh°ECUPQHWPEKQPGPDKGPEQPCODQUUKUVGOCU/CE15:
[9KPFQYUGPWPQTFGPCFQT/CE5KVKGPGRTQDNGOCUEQPNCXKUWCNK\CEKxPFGNCRCPVCNNC
CNWUCT9KPFQYURTWGDGNQUKIWKGPVG
 7UGNCVCTLGVCITh°ECSWGXGPsCEQPUW/CE

 
 #UGI}TGUGFGSWGJCKPUVCNCFQNQUEQPVTQNCFQTGU$QQV%COR%QPUWNVGGNCRCTVCFQ
¥2CUQ+PUVCNCTNQUFTKXGTUFG$QQV%CORRCTC9KPFQYU¦GPNCRhIKPC
 #LWUVGNCTGUQNWEKxPFGRCPVCNNCGPGNRCPGNFGEQPVTQN2CPVCNNC
 8C[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR[EQORTWGDGNCKPHQTOCEKxPFG
EQORCVKDKNKFCF[GNUQHVYCTGCEVWCNK\CFQFKURQPKDNGRCTCUWQTFGPCFQT

5KPQRWGFGTGPQODTCTNCRCTVKEKxPFG9KPFQYU
.CRCTVKEKxPFG9KPFQYUUQNCOGPVGUGRWGFGTGPQODTCTGP9KPFQYU#TTCPSWGGN
QTFGPCFQTGP9KPFQYU[GPGN'ZRNQTCFQTFG9KPFQYUJCICENKEGPNCWPKFCF%EQP
GNDQVxPFGTGEJQFGNTCVxP#EQPVKPWCEKxPGUETKDCWPPQODTG

5KVKGPGWPCEQP°IWTCEKxP4#+&
.CUEQP°IWTCEKQPGU4#+&SWGWVKNK\CP$QQV%CORPQUQPEQORCVKDNGU5KFGUGCOhU
KPHQTOCEKxPXKUKVGYYYCRRNGEQOGUUWRRQTVDQQVECOR[DWUSWG¥4#+&¦

&GUKPUVCNCEKxPFG9KPFQYUFGUWQTFGPCFQT
'NOoVQFQFGFGUKPUVCNCEKxPFG9KPFQYUFGUWQTFGPCFQTFGRGPFGFGUKNQJC
KPUVCNCFQGPWPFKUEQFGWPUQNQXQNWOGPQGPWPCRCTVKEKxPFGWPFKUEQ

5KJCKPUVCNCFQ9KPFQYUGPWPCFGNCURCTVKEKQPGUFGWPFKUEQWUGGN#UKUVGPVG$QQV%COR
VCNEQOQUGFGUETKDGCEQPVKPWCEKxPRCTCFGUKPUVCNCT9KPFQYUGNKOKPCPFQNCRCTVKEKxPFG
9KPFQYU[TGUVCWTCPFQGNFKUEQCWPXQNWOGPFG/CE15:FGWPCUQNCRCTVKEKxP

5KUWQTFGPCFQTVKGPGXCTKQUFKUEQU[JCKPUVCNCFQ9KPFQYUGPWPFKUEQFGWPCUQNC
RCTVKEKxPCTTCPSWGGP/CE15:[WVKNKEG7VKNKFCFFG&KUEQU
GPNCECTRGVC7VKNKFCFGU
FGNCECTRGVC#RNKECEKQPGU RCTCTGHQTOCVGCTNQEQOQWPXQNWOGP/CE15:

2CTCGNKOKPCTGNUKUVGOC9KPFQYU[NCRCTVKEKxPFG9KPFQYU
  #TTCPSWGGP/CE15:
  5CNICFGVQFCUNCUCRNKECEKQPGUCDKGTVCU[EKGTTGNCUGUKxPFGVQFQUNQUFGOhUWUWCTKQU
EQPGEVCFQUCNQTFGPCFQT
  #DTCGN#UKUVGPVG$QQV%COR
  5GNGEEKQPG¥%TGCTQGNKOKPCTWPCRCTVKEKxPRCTC9KPFQYU¦[JCICENKEGP%QPVKPWCT
  4GCNKEGWPCFGNCUUKIWKGPVGUQRGTCEKQPGU
 5KGNQTFGPCFQTVKGPGWPUQNQFKUEQKPVGTPQJCICENKEGP4GUVCWTCT
 5KGNQTFGPCFQTVKGPGXCTKQUFKUEQUKPVGTPQUUGNGEEKQPGGNFKUEQSWGEQPVKGPG
9KPFQYU[CEQPVKPWCEKxPUGNGEEKQPG¥4GUVKVWKTCWPC}PKECRCTVKEKxPEQP/CE15¦[
JCICENKEGP%QPVKPWCT

  
#EVWCNK\CEKxP
'PGUVQUCRCTVCFQUUGFGUETKDGExOQCEVWCNK\CT9KPFQYUQUWXGTUKxPFG$QQV%COR

#EVWCNK\CEKxPFGNQUFTKXGTUFG$QQV%COR
5KGPGUVGQTFGPCFQT[CVGPsCKPUVCNCFQ9KPFQYURWGFGKPUVCNCTNQUFTKXGTUFG/CE
CEVWCNK\CFQURCTC9KPFQYU

+ORQTVCPVG5KJCRGTUQPCNK\CFQUWGPVQTPQFG9KPFQYUCPQVGUWEQP°IWTCEKxPCPVGU
FGCEVWCNK\CTNQUFTKXGTU

2CTCCEVWCNK\CTNQUFTKXGTUFG$QQV%CORRCTC9KPFQYU
  4GKPKEKGGN/CEEQP9KPFQYU
  *CICENKEGPGNKEQPQFG$QQV%CORFGNCDCPFGLCFGNUKUVGOC[UGNGEEKQPG¥#EGTECFG
$QQV%COR¦
  5KNCXGTUKxPFG$QQV%CORSWGVKGPGKPUVCNCFCGUNCQRQUVGTKQTWVKNKEG#RRNG
5QHVYCTG7RFCVGRCTCDWUECTCEVWCNK\CEKQPGUFGNQUFTKXGTU
  5KGUCPVGTKQTCNCXGTUKxPKPUGTVGGNFKUEQFGKPUVCNCEKxPFG/CE15:%WCPFQ
UGGLGEWVGGNRTQITCOCFGKPUVCNCEKxPJCICENKEGP4GRCTCT

5KGNRTQITCOCFGKPUVCNCEKxPPQUGGLGEWVCCWVQOhVKECOGPVGWVKNKEGGN'ZRNQTCFQTFG
9KPFQYURCTCKTJCUVCGNFKUEQ[JCICFQDNGENKEGPGNCTEJKXQ¥UGVWRGZG¦FGNFKTGEVQTKQ
$QQV%COR

#EVWCNK\CEKxPC9KPFQYU8KUVCQ9KPFQYU
2WGFGCEVWCNK\CT9KPFQYU:2C9KPFQYU8KUVCQ9KPFQYU8KUVCC9KPFQYU

0QVC5KGUVhWVKNK\CPFQ9KPFQYU:2PQRQFThCEVWCNK\CTGNUKUVGOCC9KPFQYU2WGFG
TGCNK\CTWPCKPUVCNCEKxPFGEGTQ
QKPUVCNCEKxPRGTUQPCNK\CFC SWGDQTTCNCRCTVKEKxPFG
$QQV%COR#PVGUFGTGCNK\CTWPCKPUVCNCEKxPFGEGTQCUGI}TGUGFGSWGFKURQPGFGNQU
FKUEQUFGKPUVCNCEKxPFGVQFQUNQURTQITCOCUSWGVKGPGKPUVCNCFQU[FGWPCEQRKCFG
UGIWTKFCFFGUWUCLWUVGU[CTEJKXQURGTUQPCNGURCTCRQFGTTGUVCWTCTNQUVTCUNCKPUVCNCEKxP

2CTCCEVWCNK\CT9KPFQYU8KUVCC9KPFQYU
2CTCCEVWCNK\CTGNUKUVGOCC9KPFQYUPGEGUKVC
 9KPFQYU8KUVCKPUVCNCFQGPNCRCTVKEKxPFG$QQV%COR
 7PCEQRKCEQPNKEGPEKCFG9KPFQYU*QOG2TGOKWO2TQHGUUKQPCNQ7NVKOCVG
 'NCTEJKXQGLGEWVCDNG¥#RRNGA9+PA7RITCFGA7VKNKV[GZG¦SWGGUVhFKURQPKDNGGP
JVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR'URQUKDNGSWGGNRTQITCOCFG
KPUVCNCEKxPFG9KPFQYUPQRWGFCKPUVCNCT9KPFQYUUKNCRCTVKEKxPFG/CE15
:GUVhOQPVCFC'UVCWVKNKFCFFGUOQPVCNCRCTVKEKxPFG/CE15:SWGUGXQNXGThC
OQPVCTEWCPFQFGUECTIWGGNUQHVYCTGCEVWCNK\CFQRCTC9KPFQYU

 
  'P/CE15:XC[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR[EQORTWGDGUK
PGEGUKVCCEVWCNK\CTGNUQHVYCTGSWGVKGPGKPUVCNCFQCPVGUFGCEVWCNK\CTUGC9KPFQYU
#NIWPQUQTFGPCFQTGU/CEPGEGUKVCPFGVGTOKPCFCUCEVWCNK\CEKQPGURCTCRQFGTKPUVCNCT
9KPFQYU
  #TTCPSWGGN/CEGP9KPFQYU
  7VKNKEG#RRNG5QHVYCTG7RFCVGRCTCEQORTQDCTUKJC[CEVWCNK\CEKQPGUFGNQUFTKXGTU
RCTC9KPFQYU8KUVC
  8C[CCNCRhIKPCYGDJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR[FGUECTIWGGN
CTEJKXQ¥#RRNGA9+PA7RITCFGA7VKNKV[GZG¦
  #DTCGNCTEJKXQ¥#RRNG9KP7VKNKV[GZG¦[UKICNCUKPUVTWEEKQPGUSWGCRCTGEGPGPRCPVCNNC
'NCTEJKXQ¥#RRNGA9+PA7RITCFGA7VKNKV[GZG¦FGUOQPVCNCRCTVKEKxPFG/CE15:
  +PUGTVGGNFKUEQFGKPUVCNCEKxPQCEVWCNK\CEKxPFG9KPFQYU
  5KICNCUKPUVTWEEKQPGUSWGXGPsCPEQP9KPFQYU
  %WCPFQGNQTFGPCFQTCTTCPSWGGP9KPFQYUCDTC#RRNG5QHVYCTG7RFCVGRCTC
EQORTQDCTUKJC[CEVWCNK\CEKQPGUFGUQHVYCTGRCTC9KPFQYU.CRCTVKEKxPFG
/CE15:UGXQNXGThCOQPVCT

2CTCCEVWCNK\CT9KPFQYU:2C9KPFQYU8KUVC
2CTCCEVWCNK\CTGNUKUVGOCC9KPFQYU8KUVCPGEGUKVC
 9KPFQYU:2KPUVCNCFQGPNCRCTVKEKxPFG$QQV%COR
 7PCEQRKCEQPNKEGPEKCFG9KPFQYU8KUVC*QOG$CUKE*QOG2TGOKWO$WUKPGUUQ
7NVKOCVG
  'P/CE15:XC[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR[EQORTWGDGUK
PGEGUKVCCEVWCNK\CTGNUQHVYCTGRCTCRQFGTCEVWCNK\CTUWUKUVGOCC9KPFQYU8KUVC
#NIWPQUQTFGPCFQTGU/CEPGEGUKVCPFGVGTOKPCFCUCEVWCNK\CEKQPGURCTCRQFGTKPUVCNCT
9KPFQYU8KUVC
  #TTCPSWGGN/CEGP9KPFQYU
  +PUGTVGGNFKUEQFGKPUVCNCEKxPQCEVWCNK\CEKxPFG9KPFQYU8KUVC
  5KICNCUKPUVTWEEKQPGUSWGXGPsCPEQP9KPFQYU8KUVC
  7PCXG\EQORNGVCFCNCKPUVCNCEKxPKPUGTVGGNFKUEQFGKPUVCNCEKxPFG/CE15:

5KGNRTQITCOCFGKPUVCNCEKxPPQUGGLGEWVCCWVQOhVKECOGPVGWVKNKEGGN'ZRNQTCFQTFG
9KPFQYURCTCKTJCUVCGNFKUEQ[JCICFQDNGENKEGPGNCTEJKXQ¥UGVWRGZG¦FGNFKTGEVQTKQ
$QQV%COR
  %QORTWGDGUKJC[CEVWCNK\CEKQPGUFGNQUFTKXGTU$QQV%CORFKURQPKDNGU2CTCGNNQ
WVKNKEG#RRNG5QHVYCTG7RFCVGQXC[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR

  
2CTCTGCNK\CTWPCKPUVCNCEKxPFGEGTQ
  'P/CE15:XC[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR[EQORTWGDGUK
PGEGUKVCCEVWCNK\CTGNUQHVYCTGRCTCRQFGTCEVWCNK\CT9KPFQYU
  #TTCPSWGGN/CEGP9KPFQYU
  )WCTFGWPCEQRKCFGUGIWTKFCFFGUWUFCVQURGTUQPCNGU[CUGI}TGUGFGSWGFKURQPG
FGNQUFKUEQUFGKPUVCNCEKxPFGVQFCUNCUCRNKECEKQPGUSWGWVKNK\C
  +PUGTVGGNFKUEQFGKPUVCNCEKxPQCEVWCNK\CEKxPFG9KPFQYU
  5KICNCUKPUVTWEEKQPGUSWGXGPsCPEQP9KPFQYU8KUVCQ9KPFQYU
  7PCXG\EQORNGVCFCNCKPUVCNCEKxPKPUGTVGGNFKUEQFGKPUVCNCEKxPFG/CE15:

5KGNRTQITCOCFGKPUVCNCEKxPPQUGGLGEWVCCWVQOhVKECOGPVGWVKNKEGGN'ZRNQTCFQTFG
9KPFQYURCTCKTJCUVCGNFKUEQ[JCICFQDNGENKEGPGNCTEJKXQ¥UGVWRGZG¦FGNFKTGEVQTKQ
$QQV%COR
  %QORTWGDGUKJC[CEVWCNK\CEKQPGUFGNQUFTKXGTUFG$QQV%CORFKURQPKDNGU2CTCGNNQ
WVKNKEG#RRNG5QHVYCTG7RFCVGQXC[CCJVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR
  4GUVCWTGUWUFCVQURGTUQPCNGU[UWUCRNKECEKQPGU

2TQDNGOCURCTCCEVWCNK\CT9KPFQYU
5KVKGPGRTQDNGOCURCTCCEVWCNK\CT9KPFQYUGPGN/CERTWGDGNCUQNWEKxPSWGUG
FGUETKDGCEQPVKPWCEKxP

2CTCQDVGPGTOhUKPHQTOCEKxPUQDTGNCUQNWEKxPFGRTQDNGOCUXC[CC
YYYCRRNGEQOGUUWRRQTVDQQVECOR

5KCNCEVWCNK\CT9KPFQYUCRCTGEGGNOGPUCLG¥9KPFQYUYCUWPCDNGVQETGCVG
CTGSWKTGFKPUVCNNCVKQPHQNFGT¦
9KPFQYUPQJCRQFKFQETGCTWPCECTRGVCFG
KPUVCNCEKxPPGEGUCTKC
'URQUKDNGSWGCRCTG\ECGUVGOGPUCLGUKKPUVCNC$QQV%CORQRQUVGTKQT[NWGIQ
KPVGPVCCEVWCNK\CTGNUKUVGOCC9KPFQYU#PVGUFGCEVWCNK\CTGNUKUVGOCFGUECTIWG
GNCTEJKXQ¥#RRNGA9+PA7RITCFGA7VKNKV[GZG¦SWGGUVhFKURQPKDNGGP
JVVRYYYCRRNGEQOGUUWRRQTVDQQVECOR2CTCQDVGPGTOhUKPHQTOCEKxPEQPUWNVG
¥#EVWCNK\CEKxPC9KPFQYU8KUVCQ9KPFQYU¦GPNCRhIKPC

 
/hUKPHQTOCEKxPCUKUVGPEKC[EQOGPVCTKQU
5KFGUGCOhUKPHQTOCEKxPUQDTG$QQV%CORXKUKVGYYYCRRNGEQOGUDQQVECOR

5KFGUGCUQRQTVGRCTC$QQV%CORXKUKVGYYYCRRNGEQOGUUWRRQTVDQQVECOR

5WUQRKPKQPGUUQDTG$QQV%CORUQPDKGPTGEKDKFCURQT#RRNG2CTCGPXKCTUWU
EQOGPVCTKQUXC[CCYYYCRRNGEQOGUOCEQUZHGGFDCEM

#RRNGPQQHTGEGUQRQTVGRCTCNCKPUVCNCEKxPQWVKNK\CEKxPFGNUQHVYCTG9KPFQYU
FG/KETQUQHV2CTCGPEQPVTCTC[WFCUQDTGRTQDNGOCUFG9KPFQYUXKUKVG
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