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6JKUOCPWCNFKUEWUUGUD[CPFNCTIGQPN[VJQUGUQNWVKQPOGVJQFUYJKEJCTGWUGFKPVJG'/62+VKUVJGTGHQTG
PQV C DQQM QP VJG EQORNGVG VJGQT[ QH UQNWVKQP OGVJQFU HQT VJG FKIKVCN UKOWNCVKQP QH GNGEVTQOCIPGVKE VTCPUKGPV
RJGPQOGPC6JGFGXGNQRGTUQHVJG'/62EJQUGOGVJQFUYJKEJVJG[HGNVCTGDGUVUWKVGFHQTCIGPGTCNRWTRQUG
RTQITCOUWEJCUVJG'/62CPFKVKUVJGUGOGVJQFUYJKEJCTGFKUEWUUGFJGTG(QTCPCN[\KPIURGEKHKERTQDNGOU
QVJGTOGVJQFUOC[YGNNDGEQORGVKVKXGQTGXGPDGVVGT(QTGZCORNG(QWTKGTVTCPUHQTOCVKQPOGVJQFUOC[DG
RTGHGTCDNGHQTUVWF[KPIYCXGFKUVQTVKQPCPFCVVGPWCVKQPCNQPICNKPGKPECUGUYJGTGVJGVKOGURCPQHVJGUVWF[KUUQ
UJQTVVJCVTGHNGEVGFYCXGUJCXGPQV[GVEQOGDCEMHTQOVJGTGOQVGGPF
6JG'/62JCUDGGPURGEKHKECNN[FGXGNQRGFHQTRQYGTU[UVGORTQDNGOUDWVUQOGQHVJGOGVJQFUJCXG
CRRNKECVKQPUKPGNGEVTQPKEEKTEWKVCPCN[UKUCUYGNN9JKNGVJGFGXGNQRGTUQHVJG'/62JCXGVQUQOGGZVGPVDGGPCYCTG
QHVJGOGVJQFUWUGFKPGNGEVTQPKEEKTEWKVCPCN[UKURTQITCOUUWEJCU64#%QT'%#2VJGTGXGTUGOC[PQVDGVTWG
#UWTXG[QHGNGEVTQPKECPCN[UKURTQITCOURWDNKUJGFCUTGEGPVN[CU=?FQGUPQVOGPVKQPVJG'/62GXGPQPEG
%QORWVGTVGEJPQNQI[KUEJCPIKPIXGT[HCUVCPFPGYCFXCPEGUOC[YGNNOCMGVJKUOCPWCNQDUQNGVGD[VJG
VKOGKVKUHKPKUJGF#NUQDGVVGTPWOGTKECNUQNWVKQPOGVJQFUOC[CRRGCTCUYGNNCPFTGRNCEGVJQUGRTGUGPVN[WUGF
KPVJG'/62$QVJRTQURGEVUJCXGDGGPFKUEQWTCIKPIHQTVJGYTKVGTQHVJKUOCPWCNYJCVJCUMGRVJKOIQKPIKUVJG
JQRGVJCVVJQUGYJQYKNNDGFGXGNQRKPIDGVVGTRTQITCOUCPFYJQYKNNWUGKORTQXGFEQORWVGTJCTFYCTGYKNNHKPF
UQOGWUGHWNKPHQTOCVKQPKPVJGFGUETKRVKQPQHYJCVGZKUVUVQFC[
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UVGRUK\G)V 6JKUNGCFUVQVTWPECVKQPGTTQTUYJKEJOC[CEEWOWNCVGHTQOUVGRVQUVGRCPFECWUGFKXGTIGPEGHTQO
VJGVTWGUQNWVKQP/QUVOGVJQFUWUGFKPVJG'/62CTGPWOGTKECNN[UVCDNGCPFCXQKFVJKUV[RGQHGTTQTDWKNFWR
6JG '/62 ECP UQNXG CP[ PGVYQTM YJKEJ EQPUKUVU QH KPVGTEQPPGEVKQPU QH TGUKUVCPEGU KPFWEVCPEGU
ECRCEKVCPEGUUKPINGCPFOWNVKRJCUGBEKTEWKVUFKUVTKDWVGFRCTCOGVGTNKPGUCPFEGTVCKPQVJGTGNGOGPVU6QMGGRVJG
GZRNCPCVKQPU KP VJKU KPVTQFWEVKQP UCORNG QPN[ UKPINGRJCUG PGVYQTM GNGOGPVU YKNN DG EQPUKFGTGF CPF VJG OQTG
EQORNGZOWNVKRJCUGPGVYQTMGNGOGPVUCUYGNNCUQVJGTEQORNKECVKQPUYKNNDGFKUEWUUGFNCVGT(KIUJQYUVJG
FGVCKNUQHCNCTIGTPGVYQTMLWUVHQTVJGTGIKQPCTQWPFPQFG5WRRQUGVJCVXQNVCIGUCPFEWTTGPVUJCXGCNTGCF[DGGP
EQORWVGFCVVKOGKPUVCPVU)V)VGVEWRVQV)VCPFVJCVVJGUQNWVKQPOWUVPQYDGHQWPFCVKPUVCPVV#VCP[
KPUVCPVQHVKOGVJGUWOQHVJGEWTTGPVUHNQYKPICYC[HTQOPQFGVJTQWIJVJGDTCPEJGUOWUVDG
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NKPGCTQTFKPCT[FKHHGTGPVKCNGSWCVKQPU
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VTCXGNNKPIQPVJGNKPGYKVJYCXGXGNQEKV[E6JGFKUVCPEGVTCXGNNGFD[VJKUQDUGTXGTKUZZ EV
ZNQECVKQP
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OWUVCNUQTGOCKPEQPUVCPV9KVJVTCXGNVKOG
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CPQDUGTXGTNGCXKPIPQFGCVVKOGVJYKNNUGGVJGXCNWGQHX
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D CTGVJQUGEQORWVGF
VKOGUVGRUGCTNKGT'S
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D[ KPUGTVKPI NWORGF TGUKUVCPEGU KP C HGY RNCEGU CNQPI VJG NKPG CU FGUETKDGF NCVGT KP 5GEVKQP   # OQTG
UQRJKUVKECVGFVTGCVOGPVQHNQUUGUGURGEKCNN[YKVJHTGSWGPE[FGRGPFGPVRCTCOGVGTUKUFKUEWUUGFKP5GEVKQP
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PQFGKUITQWPFGF+PVJKUECUG'S
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VGTOU JKUV JKUV CPF JKUV KP 'S
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8




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;UGTKGU %
 UJWPV

KHVJGGSWKXCNGPVBEKTEWKVTGRTGUGPVCVKQPQH(KIKUWUGFYKVJ

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Z ZCPF
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KH T KU UOCNN



9KVJVJGGSWKXCNGPVBEKTEWKVQH(KIVJGDTCPEJGSWCVKQPHQTVJGNQUUNGUUNKPGHKPCNN[DGEQOGU

+ '
;UGTKGU % ;UJWPV 8 & ;UGTKGU 8




0QYYGECPCICKPYTKVGVJGPQFGGSWCVKQPHQTPQFGD[KPUGTVKPI'S
 
 
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%
% LT% % ;UGTKGU % ;UJWPV 8 & 8 &
8 & LT% 8 & ;UGTKGU 8 ' +
4 LT.

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=;? =8? ' =+?
YKVJ



=;?U[OOGVTKEPQFCNCFOKVVCPEGOCVTKZYKVJEQORNGZGNGOGPVU
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EQORNGZRJCUQTXCNWGU 
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EQORNGZRJCUQTXCNWGU 

#ICKP'S
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XQNVCIGU6JGWPMPQYPXQNVCIGUCTGVJGPHQWPFD[UQNXKPIVJGU[UVGOQHNKPGCTCNIGDTCKEGSWCVKQPU
=;##? =8#? ' =+#? & =;#$? =8$?



$TKPIKPI VJG VGTO =;#$?=8$? HTQO VJG NGHVJCPF UKFG KP 'S
  VQ VJG TKIJVJCPF UKFG KP 'S
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IGPGTCNK\CVKQPQHEQPXGTVKPI6JGXGPKPGSWKXCNGPVEKTEWKVU
XQNVCIGXGEVQT=8$?DGJKPFCFOKVVCPEGOCVTKZ=;#$? KPVQ
0QTVQPGSWKXCNGPVEKTEWKVU
EWTTGPVXGEVQT=;#$?=8$?KPRCTCNNGNYKVJCFOKVVCPEGOCVTKZ=;#$? 
0QTVQPGSWKXCNGPVEKTEWKVU
EWTTGPVXGEVQT=;#$?=8$?KPRCTCNNGNYKVJCFOKVVCPEGOCVTKZ=;#$? 



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