%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%A9%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%88%A3%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%9D%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%88%A3%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%BA%8E%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%93%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%9F%9E%8B%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%93%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%BA%8E%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%88%A3%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%9D%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%88%A3%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%A9%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0/%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%9C%A4%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%B4%A5%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%A9%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%93%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%9F%9E%8B%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A1%BC%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%93%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%97%A9%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E1%B4%A5%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0%E2%9A%AA%F0%94%97%A2%E2%9A%AA%E2%9C%A4%E2%9A%AA%F0%94%97%A2%E2%9A%AA%F0%96%A3%A0/%E2%9A%AA%D0%AD%D0%84%E2%9A%AA%D0%86%E2%9A%AA%D0%9D%E2%9A%AA%E1%97%A9%E2%9A%AA%E1%BA%8E%E2%9A%AA%E1%97%A9%E2%9A%AA%E1%91%90%E1%91%95%E2%9A%AA%D0%86%E2%9A%AA%DF%A6%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%DF%A6%E2%9A%AA%D0%86%E2%9A%AA%E1%91%90%E1%91%95%E2%9A%AA%E1%97%A9%E2%9A%AA%E1%BA%8E%E2%9A%AA%E1%97%A9%E2%9A%AA%D0%9D%E2%9A%AA%D0%86%E2%9A%AA%D0%AD%D0%84%E2%9A%AA/%E2%9A%AAI%E2%9A%AA%EA%95%A2%E2%9A%AAI%E2%9A%AA%D0%9D%E2%9A%AA%E2%9C%BB%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%9C%BB%E2%9A%AA%D0%9D%E2%9A%AAI%E2%9A%AA%EA%95%A2%E2%9A%AAI%E2%9A%AA/%E2%9A%AA%EA%95%A2%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA%DF%A6%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA%E2%A7%B2%E2%9A%AA%D0%97%D4%90%E2%9A%AA%E2%8A%99%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA%E1%91%8F%E2%9A%AA%D0%86%E2%9A%AA%E4%BA%BA%E2%9A%AA%E2%9C%A4%E2%9A%AA%D0%9D%E2%9A%AA%D0%86%E2%9A%AA%E2%97%AF%E2%9A%AA%C8%8A%CC%AE%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA8%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA%E2%9C%A4%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA%E2%A7%BB%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%A7%BB%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA%E2%9C%A4%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA8%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA%C8%8A%CC%AE%E2%9A%AA%E2%97%AF%E2%9A%AA%D0%86%E2%9A%AA%D0%9D%E2%9A%AA%E2%9C%A4%E2%9A%AA%E4%BA%BA%E2%9A%AA%D0%86%E2%9A%AA%E1%91%8F%E2%9A%AA%E2%88%A3%E2%9D%81%E2%88%A3%E2%9A%AA%E2%8A%99%E2%9A%AA%D0%97%D4%90%E2%9A%AA%E2%A7%B2%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA%DF%A6%E2%9A%AA%E1%97%B1%E1%97%B4%E2%9A%AA%EA%95%A2%E2%9A%AA/%E2%9A%AA%E2%9C%A4%E2%9A%AA%EA%95%A4%E2%9A%AA%E2%9C%A4%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%97%8C%E2%9A%AA%E2%9C%A4%E2%9A%AA%EA%95%A4%E2%9A%AA%E2%9C%A4%E2%9A%AA/TXT.%E2%A0%80%E2%A0%80%E2%A0%80%E2%A0%80%E2%97%AF%E2%A0%80%E2%9D%81%E2%9C%A4%E2%93%84%EA%95%A2%C2%B7%E1%97%B1%E1%97%B4%C2%B7%E1%97%9D%E2%A0%80%E2%97%AF%E2%A0%80%E2%A0%80%E2%A0%80%E2%A0%80%E2%B5%99%E2%A0%80%E2%A0%80%E2%A0%80%E2%A0%80%E2%97%AF%E2%A0%80%E1%97%9D%C2%B7%E1%97%B1%E1%97%B4%C2%B7%EA%95%A2%E2%93%84%E2%9C%A4%E2%9D%81%E2%A0%80%E2%97%AF%E2%A0%80%E2%A0%80%E2%A0%80%E2%A0%80.TXT

<EFBFBD><EFBFBD>5@57>289 4L>3>BL A8;L=5 ;V:8! !8;L=VH5 =5 7=0945H
 402=VE G0AV2 A;>2'O=8 B0 V=HV ?V2=VG=V ?;5<5=0 28:>@8AB>2C20;8 15@57>289 4L>3>BL 2 ?>2AO:45==><C 68BBV.  2 2@>?V =072C <00>@>AV9AL:5 <0A;><04> 7402=0
1C;> 70:@V?;5=> A0<5 70 F8< <0A;O=8AB8<, A?5F8DVG=> ?0E=5 @5G>28=>N. 5@57C H0=C20;8 =0HV ?@54:8, 0 2A5, I> 2>=0 4020;0 - 45@528=C, 15@5ABC,
;8ABO - 22060;8 FV;NI8<. !0<5 7 15@5AB8 =0HV ?@54:8 =02G8;8AO, H;OE>< ACE>W ?5@53>=:8, 28BO3C20B8 15@5ABO=>W 4L>3>BL, O:89 <0T 70AB>AC20==O =5
BV;L:8 2 <548F8=V, 0;5 V 2 ?>1CBV: 4;O 7<0IC20==O B5@BL>28E 45B0;59 2V7:V2, 2>7V2, :0@5B, 4;O 4>40==O :>;L>@C, 70E8ABC V 1;8A:C H:V@O=8E 28@>1V2. @V<
15@57>2>3> VA=CNBL O;V2F5289, A>A=>289 V 1C:>289 45@52=V 4Q3BV.
L>3>BL 4>?><>65 70E8AB8B8 20H :0@B>?;O <0965
2V4 CAVE ?0@078BV2 (+ V45>)
V420@8 V B@028 4;O ;07=V
 @>7?>2V4V ?@0:B8:CNG>3> 15@57>289 4L>3>BL O: ;V:8:
 >:V2 7> B@8 B><C 70?@8<VB82 O, I> ACAV4:0 4L>3B5< 7<0ICT A2>TW :>@>28 :>?8B0 V @>38. <00>&5 I5 =02VI>?<00> - <00>"0 3@81>: C =5W<04>. ;5 6 V C <5=5 3@81>: =0
=>30E. >;V:CNAO-:0, 4C<0N, V O 4L>3B5<.
 AB02 W< =V3BV A>1V <070B8. 89H;>, 28;V:C202AO. >BV< ACAV4V2 ?> 40GV ;V:C202. "56
4>?><>3;>. 0?8A02 ?@> A2>W 4>A;V48 2 3075BC - G8B0GV ;8AB0<8 70A8?0;8: <00> >7:06VBL
45B0;L=VH5, O: V I> ... )> I5 4L>3>BL ;V:CT?  O F8< 4L>3B5< B>-B> V B5-B> 28;V:C202 (0) <00>.  -
?>4O:8 <5=V 70 @5F5?B.
 7=0TB5, B0: 70E>?82AO O 4L>3B5<! !B02 ?@> =L>3> A?@02;OB8AO, 45 BV;L:8 <V3.
 2V= 15@57>289 V 15@5AB>289 1C20T. 5@H89 - ?@>4C:B ACE>W ?5@53>=:8 G0AB8=8 :>@8 15@578.
5@5AB>289 - F5 265 ?@>4C:B ACE>W ?5@53>=:8 <>;>489 15@5AB8, 745@B>W 7 15@578.
83>B>2;5==O 9>3> 1V;LH B@C4><VAB:5, 70B5 28E>48BL 4L>3>BL G8AB89, 7 ?@8T<=8< 70?0E><.
>3> =0<030NBLAO 28:>@8AB>2C20B8 BV;L:8 4;O 2=CB@VH=L>3> ;V:C20==O V ?@8 45O:8E H:V@=8E
70E2>@N20=L.
 B>9 V V=H89 <0NBL A8;L=C
?@>B8<V:@>1=C, ?@>B82>,
0=B8A5?B8G=C 4VN.
"0: >AL, AB02 O =0 <00>V3BO@:0<04> 70<>2;OB8 4;O A515 G8AB89 4L>3>BL, I>1 <>6=0 ?8B8.
!?>G0B:C =0 A>1V 28?@>1C202 ;V:C20==O W<, 0 ?>BV< V =0 7=09><8E - EB> E>BV2 ?@>9B8 F59 :C@A
;V:C20==O. @0240, C 45O:8E 4L>3>BL 28:;8:0T 0;5@3VN. "0: 0465 0;5@3VN 28:;8:0T =5 BV;L:8
2V=.  1030BL>E, =0A:V;L:8 7=0N, 28;V:>2CT.
0 @>1>BV ?@818@0;L=8FO (62 @>:8) @V7=8<8 =54C30<8 B><8;0AO. "8A: 190/110, ?V428I5=89
@V25=L E>;5AB5@8=C V FC:@C 2 :@>2V, 74CBBO 25= =0 =>30E, A;01:VABL. !B0;0 2>=0 70 20 E28;8=
4> W6V 4L>3>BL ?8B8: ?>G8=0NG8 2V4 >4=VTW :@0?;V 4> 10, ?>BV< C 72>@>B=><C ?>@O4:C 70
7<5=H5==O< -
=0 AB. ;. <>;>:0. "0:8< G8=><, :C@A ;V:C20==O - 20 4=V2 - 70:V=G8;0 V 2V4GC;0 A515 :@0I5. V4=O AE>20;8AO, 0=0;V78 E>@>HV.
'>;>2V: AB@06402 =0 E@>=VG=89 ?@>AB0B8B. #@>;>3 =5 <V3 9><C 4>?><>3B8.  4L>3>BL 4>?><V3. 03@V202 <C68: ?>;>28=C G5@2>=>W F53;8, :;02 2 ?>@>6=T
<5B0;525 2V4@>, :0?02 =0 F53;C 2 :@0?;V 4L>3BN. 8< 9H>2! <-B> ?@>AB0B8B V ;V:CTBLAO. 15-20 E28;8= ?5@54 A=>< 3>;8< 704>< A84V2 <C68G>: =0 2V4@V (B0
1V;LH5 V =5 28A84VB8 - A8;L=> ?@8?V:0T). "@8 ?@>F54C@8 - V 265 =0ABC?8;> ?>;V?H5==O.
V:C20==O 4L>3B5< (+ V45>)
"8<8 6 ?0@>28<8 4L>3BL>28<8 20==0<8 ;N48 28;V:>2C20;8 35<>@>9 (G5@57 6 ?@>F54C@
H8H:8 @>7A<>:BC20;8AO), 6V=>GV 70?0;L=V 70E2>@N20==O.
 >4=0 6V=:0 28;V:C20;0 <0AB>?0BVN. 0 H<0B>G>: H284:>@>7G8==>3> FC:@C 2>=0 :0?0;0
:@0?;N 4L>3BN V A<>:B0;0, ?>:8 FC:>@ =5 @>7G8=8BLAO. 0?820;0 :>2B:><-4@C38< 2>48. 
:>6=8< @07>< ?> >4=V9 2>=0 71V;LHC20;0 :V;L:VABL :@0?5;L, ?>:8 =5 4>25;0 WE 4> 20. >BV<
?VH;0 =0 7=865==O - ?> >4=V9 7=>2C 6. >;8 A?@020 4V9H;0 4> >4=VTW :@0?;V, 6V=:0 7@>18;0
?5@5@2C 2 B@8 <VAOFV. >BV< ?>G0;0 2A5 ?> =>2V9. V:C20==O 1C;> B@820;5, 1;87L:> 42>E
@>:V2.
>A2V4 ;V:C20==O 28O282AO =0ABV;L:8 25;8:89, I> O =02VBL A:;02 4>:;04=C <5B>48G:C. AL
2>=0.
&C:@>289 4V015B, B@><1>D;51VB, V=AC;LB
@89>< 2A5@548=C 2V4 1 4> 10 :@0?5;L, 71V;LHCNG8 4>7C ?> :@0?;V I>4=O, =0 AB. ;. <>;>:0, A>:C <>@:28. >BV< 2V4 10 4> 1 :@0?;V, 7<5=HCNG8 4>7C ?>
:@0?;V. @89<0B8 70 20 E28;8= 4> W6V @07 =0 45=L.
35<>@>9
7OB8 1/2 G0AB8=0 F53;8 (G5@2>=>3>), =03@VB8 9>3> =0 307C 01> 5;5:B@>?;8BFV. 03@VB5 F53;0 ?>:;0AB8 2 ?>@>6=T 70;V7=5 2V4@>, :0?=CB8 2 :@0?;V 4L>3BN =0
F53;C, ?V45 48<. !V40B8 3>;>N ?>?>N =0 2V4@> =0 15-20 E28;8=. V;LH5 =5 B@820;>3> >GV:C20==O, 1C45 A8;L=> ?@>3@V20B8 ?0@><. &N ?@>F54C@C @>1VBL
225G5@V ?5@54 A=><. O309B5 A?0B8. @0=FV 2AB0=5B5 - 1>;L>28E 2V4GCBBV2 =5 1C45.  G5@57 6 4=V2 2AV 20HV H8H:8 @>7A<>:GCBLAO.
?A>@V07
%2>@V <VAFO 7<0IC20B8 >G8I5=8< 4L>3B5<, 7<VH0=8< 7 ?>?5;>< 2V4 A?0;5=>W 15@578. @>?>@FVO: 3/4 4L>3BN V 1/4 ?>?5;C.
5:75<0
2 AB. ;. 4L>3BN, AB. ;. AV@:8 3>@NG>W, 1/2 AB. ;. 146>;8=>3> 2>A:C, AB. ;. <54C, AB. ;. @>7B5@B>3> <V4=>3> :C?>@>AC, AB. ;. >FB>2>W 5A5=FVW, 4 AB. ;. A>=OH=8:>2>W
>;VW. A5 ?5@5<VH0B8, ?>BV< ?@>BO3>< 20 E28;8= =03@V20B8 =0 A;01:><C 2>3=V, ?>ABV9=> ?><VHCNG8 AC<VH, >ABC48B8. B@8<0=>N <077N 7<0IC20B8 C@065=V
5:75<>N <VAFO B>=:8< H0@><.
"@>DVG=0 O720
7OB8 2 @V2=8E G0AB8=0E 4L>3>BL V AV: :0;0=E>5. A5 7<VH0B8. 0<>G8B8 18=B V =0:;0AB8 =0 28@07:C C 283;O4V :><?@5AC. '5@57 3 ?@>F54C@8 28@07:8 =5
1C45, 70BO3=5BLAO.
L>3>BL - ;V:8 =0H8E ?@54:V2, 0:BC0;L=> V AL>3>4=V
 0: 3>@;0, H;C=:0
8B8 15@5AB>289 4L>3>BL (O:I> 74>@>2V =8@:8) 7 B5?;8< :8?'OG5=8< <>;>:><. # ?5@H89 45=L 2 <>;>:> :0?0B8 :@0?;N 4L>3BN. # 4@C389 45=L - 2 :@0?;V, 2
B@5BV9 - 3 V B0: 4>25AB8 4> 20 :@0?5;L. VA;O FL>3> 7<5=HC20B8 ?@89>< 4L>3BN, B0: A0<> ?>ABC?>2> 4>2>4OG8 4> :@0?;V.
=D5:FVO A5G>AB0B52>W AD5@8
8B8 15@5AB>289 4L>3>BL 70 AE5<>N, O: 2 ?C=:BV 1. @V< B>3>, 7 15@57>2>3> 4L>3BN
?@83>BC20B8 4L>3BL>2C 2>4C. V3BO@=0 2>40 2 >A=>2=><C 70@5:><5=4C20;0 A515 4;O
;V:C20==O 4VB59 V B8E >AV1, O:V =5 <>6CBL ?5@5=>A8B8 70?0E 4L>3BN. 53BO@=>W 2>4>N ;V:CNBL
B0:V E2>@>18, O: 70?>@8, 0AB<0, 2>4O=V E2>@>18, 28?040==O 2>;>AAO, ?V3<5=B0FVO H:V@8, 2VA?0,
30=3@5=0, @>60, :>@>AB0, ?@>:070.
@83>BC20==O 4V3BO@=>N 2>48
7OB8 4 ; E>;>4=>W 465@5;L=>W 2>48, 500 3 4L>3BN, ?5@5<VH0B8 45@52'O=>N ?0;8F5N
?@>BO3>< 5 E28;8=. >AC48=0 IV;L=> 70:@8B8 =0 2 4>18, I>1 4L>3>BL 2V4AB>O2AO. 15@56=>
7=OB8 ?V=C 4L>3BN, =5 71>2BCNG8, 7;8B8 ?@>7>@C @V48=C V 715@V30B8 WW 2 IV;L=> 70:@8B><C
?>AC4V (?;OHFV). )> 70;8H82AO 4L>3>BL 265 FV;NI8E 2;0AB82>AB59 =5 <0T, 945 4;O
3>A?>40@AL:8E ?>B@51. %>@>H0 4V3BO@=0 2>40 ?@>7>@0 V :>;L>@>< =0304CT E>@>H5 ACE5
28=>3@04=5 28=>.
>7C20==O ?@89><C 2>48 2A5@548=C: 4>@>A;8< 100 3 2@0=FV 70 15-20 E28;8= 4> W6V; 4VBO< 50 3 2@0=FV 70 15-20 E28;8= 4> W6V; =5<>2;OB0< 2V4 2 4> 4 G. ;. 2
@078 2 45=L G5@57 3>48=C ?VA;O W6V.
8?040==O 2>;>AAO
B8@0B8 2 3>;>2C 4L>3BL>2C 2>4C, 1C:20;L=> G5@57 :>@>B:89 G0A 1C4CBL @>AB8 3CAB5 2>;>AAO.
?V3<5=B0FVO H:V@8
8B8 4L>3BL>2C 2>4C V 2B8@0B8 WW 2 C@065=V 4V;O=:8 H:V@8.
F8AB8B
5-10 :@0?5;L 15@57>2>3> 4L>3BN 7;8B8 A:;O=:>N B5?;>3> <>;>:0, @>7<VH0B8 V ?@89<0B8 ?> 1/2 A:;O=:8 3 @078 =0 45=L 70 20 E28;8= 4> W48. C@A
;V:C20==O - 5 4=V2.
'5HCG0B89 ;8H09
!B. ;. 15@5AB>2>3> 4L>3BN 7<VH0B8 7 3 AB. ;. @81'OG>3> 68@C, =0<070B8 FVTN <077N 30=GV@>G:C V ?@82'O70B8 4> ?>7102;ON. C@A ;V:C20==O - 10 4=V2, ?> 30
E28;8= :>6=0 ?@>F54C@0.
5?V45@<>DVBVO
V:>7 25;8:8E A:;04>:, 5?V45@<>DVBVO AB>?, =V3BV2.
&V 70E2>@N20==O 4>1@5 ;V:CNBLAO 5-10% -<8 AV@G0=>-4L>3BL>28<8 <07O<8.
"@>DVG=0 O720
5@57>289 4L>3>BL 7<VH0B8 7 A>:>< :0;0=E>5 2 @V2=8E G0AB8=0E 1: 1. 0:;0AB8 =0 28@07:C 18=B C 283;O4V :><?@5AC. C@A ;V:C20==O - 2V4 3 4> 5 ?@>F54C@.
0=3V=0
10 3 15@5AB>2>3> 4L>3BN, 30 3 <0A;0 :0;5=4C;8, 40 E28;8= B><8B8 =0 2>4O=V9 10=V (<0A;> ?@83>BC20B8 7 :2VB>: :0;5=4C;8: 10 3 :2VB>:, 10 3 A>=OH=8:>2>W
>;VW). 0?0B8 =0 <>2C 5-6 :@0?5;L V A<>:B0B8 2-3 E28;8=8.
45<>45:A
#@065=V <VAFO <070B8 4L>3B5<. C@A ;V:C20==O - 30 4=V2.
<0AB>?0BVO
0 H<0B>G>: H284:>@>7G8==>3> FC:@C :0?=CB8 :@0?;N 4L>3BN V A<>:B0B8, ?>:8 FC:>@ =5 @>7G8=8BLAO, ?>BV< 70?8B8 =525;8:>N :V;L:VABN 2>48. >ABV9=>
4>40NG8 ?>>4=><C, 4>25AB8 :V;L:VABL 4L>3BN 4> 20 :@0?5;L V =0704 4> :@0?;V, O: A:070=> 2 ?C=:BV 6. 2-3 <VAOFV 2V4?>G820B8 V 7=>2C ?8B8. V:C20==O F5
B@820;5, 2 @>:8.
@81>: =V3BV2
><8B8 V @>7?0@8B8 =>38 2 B5?;V9 <8;L=V9 2>4V, =V3BV ?V4AB@83B8. >38 =0ACE> 28B5@B8, >A>1;82> <V6 ?0;LFO<8. 0 AV@=8: =0<>B0B8 20B:C, 7<>G8B8 WW
4L>3B5<, =0<070B8 2A5 =V3BV, =0<030NG8AL 4L>3>BL 70HB>2EC20B8 ?V4 =V3BV. '5@57 10-15 E28;8= 4L>3>BL ?@81@0B8 20B:>N. 0 FV 15 E28;8= 4L>3>BL 265 2AB83
21@0B8AO 2 H:V@C V 1C45 B0< 1>@>B8AO 7 3@81:><. 0@B> BV;L:8 ?><8B8 =>38 3>A?>40@AL:8< <8;><, 4L>3>BL <0965 28<820TBLAO 7-?V4 =V3BV2 V 7 H:V@8.
>38 <89B5, A:V;L:8 70E>G5B5, :>;8 E>G5B5. ;5 =5 701C209B5 ?VA;O <8BBO >1>2'O7:>2> =0<070B8 =V3BV 4L>3B5<. /:I> T A25@1V6 V B@VI8=8 <V6 ?0;LFO<8, B>
4L>3B5<  <070B8, 0 7@>18B8 =0ABC?=5: G. . 4L>3BN, 3 G. ;. A>=OH=8:>2>W @0DV=>20=>W >;VW 7<VH0B8 V 7<0AB8B8 <V6 ?0;LFO<8, G5@57 20 E28;8= ?@81@0B8.
!?>G0B:C >48= 45=L <070B8, 2 4=V - 2V4?>G8=>:. >BV< - 420 4=O <070B8, 3 4=V - 2V4?>G8=>:. 0@5HBV, >48= 45=L <070B8, 3 4=V - 2V4?>G8=>:.  B0: <070B8 4>
:V=FO ?5@H>3> <VAOFO.
2-9 <VAOFL: 1 @07 G5@57 ?'OBL 4=V2.
3-9 <VAOFL: 1 @07 G5@57 10 4=V2.
@V< B>3>, =5 701C209B5 ?@>457V=DV:C20B8 AB0@5 27CBBO: 3@81:8 2 =V9 <>6CBL 68B8 4>23>. =D5:FVO ?>1820TBLAO, O:I> ?>:;0AB8 2 BCD;N H<0B>G>: 20B:8,
<0@;V, 7<>G5=>N 4L>3B5<.
E2>@>18 AC3;>1V2
0;8B8 2 4>;>=L:C B@>E8 4L>3BN V =0<070B8 E2>@89 AC3;>1. /: BV;L:8 ?>G=5 AC3;>1 ?>I8?C20B8 01> ?>:>;N20B8, =5309=> 4L>3>BL ?@815@VBL <'O:>N
30=GV@:>N. 0 F5 ?V45 ?@81;87=> 15-20 E28;8=. '5@57 3>48=C AC3;>1 ?><8B8 7 <8;>< <>G0;:>N. L>3>BL A2>N A?@02C 7@>182, B>1B> @>7182 A>;V. 0
4@C389 45=L =0:;0AB8 =0 E2>@89 AC3;>1 3;8=C (1C4L-O:C - 1V;C, 1;0:8B=C, G5@2>=C), BV;L:8 I>1 3;8=0 1C;0 157 ?VA:C, ;8?:>N.  >725AB8 WW 4> 3CAB>B8
A<5B0=8.  =0<070B8 E2>@89 AC3;>1. 0:@820B8 =5 ?>B@V1=>. '5@57 45O:89 G0A 3;8=0 1C45 A>E=CB8 V ABO3C20B8 H:V@C. "8< A0<8< 28BO30B8 A>;V 7 AC3;>10.
0 AC3;>1V 1C45 284=0 AV;L, V =0 A<0: 2>=0 A>;>=0. ;8=C =0 AC3;>1V B@8<0B8 70 G0A>< =0 @>7AC4 E2>@>3>, B0: O: <>6CBL 28=8:=CB8 A8;L=V 1>;V ?@8
28BO3C20==V A>;59.
!E5<0 ;V:C20==O: 1-9 45=L - ;V:C20==O 4L>3B5<. 2-9 45=L - ;V:C20==O 3;8=>N. V4?>G8=>: - 2 4=O. 5-9 45=L - ;V:C20==O 4L>3B5<. 6-9 45=L - ;V:C20==O
3;8=>N. V4?>G8=>: - 3 4=V. 10-9 45=L - ;V:C20==O 4L>3B5<. 11-9 45=L - ;V:C20==O 3;8=>N.  2A5. 0T =0AB0B8 ?>;53H5==O 01> =02VBL >4C60==O. >6=0
?>2B>@8B8 ;V:C20==O 70 2:070=>N AE5<>N.
"@><1>D;51VB, V=AC;LB
8B8 15@57>289 4L>3>BL 70 AE5<>N, 707=0G5=>W 2 ?C=:BV 6.
BC15@:C;L>7
8B8 15@57>289 4L>3>BL 2V4 1 :@0?;V 4> 40 :@0?5;L, 71V;LHCNG8 4>7C ?> :@0?;V I>4=O, ?>BV< 7<5=HCNG8 4>7C 2V4 40 :@0?5;L 4> 1. '5@57 2 <VAOFV :C@A
;V:C20==O ?>2B>@8B8. L>3>BL ?8B8 7 <>;>:>< (1 AB. .).
/:I> C E2>@>3> ?VA;O 7=OBBO 4L>3BN 7 H:V@8 7'O28;>AO ?>G5@2>=V==O 01> H:V@0 AB0;0 2>;>3>N, B> G5@57 1-2 3>48=8 ?VA;O 7=OBBO 4L>3BN =0=5AB8 F8=:>2C
?0ABC 01> F8=:>2C 2>4=C AC<VH.