&/ *OTUBMMBUJPO 6TFS *OTUSVDUJPOT 8BSSBOUZ '3 *OTUSVDUJPOT EF NPOUBHF .PEF E FNQMPJ (BSBOUJF &4 *OTUSVDDJPOFT EF NPOUBKF .
&OHMJTI 5FDIOJDBM *OGPSNBUJPO " $4" # *$$ "/4* " 3FDPNNFOEFE XBUFS QSFTTVSF .BY XBUFS QSFTTVSF 3FDPNNFOEFE IPU XBUFS UFNQ .BY IPU XBUFS UFNQ 'MPX SBUF 14* 14* ' ' (1.
'SBO¿BJT &TQBÉPM %POOÁFT UFDIOJRVFT %BUPT UFDOJDPT 1SFTTJPO EmFBV SFDPNNBOEÁF 14* 1SFTTJPO EmFBV NBYJNVN 14* 5FNQÁSBUVSF SFDPNNBOEÁF ' E FBV DIBVEF 5FNQÁSBUVSF NBYJNVN E FBV DIBVEF ' 1SFTJËO SFDPNFOEBEB FO TFSWJDJP 1SFTJËO FO TFSWJDJP NBY 5FNQFSBUVSB SFDPNFOEBEB EFM BHVB DBMJFOUF 5FNQFSBUVSB EFM BHVB DBMJFOUF NBY $BVEBM N¹YJNP $BQBDJUÁ OPNJOBMF (1. 14* 14* Ý Ý ' Ý' (1.
&OHMJTI *OTUBMMBUJPO 5VSO UIF XBUFS Pì BU UIF NBJO CFGPSF QSPDFFEJOH 3FNPWF UIF DBQT $VU UIF QMBTUFS TIJFMET TP UIBU UIFZ FYUFOE ØĬı PVU TJEF UIF TVSGBDF PG UIF ÙOJTIFE XBMM 4FBM UIF XBMM BSPVOE UIF QMBTUFS TIJFMET VTJOH XBUFSQSPPG TFBMBOU 'BJMVSF UP TFBM UIF XBMM DBO MFBE UP QPTTJCMF XBUFS EBNBHF
'SBO¿BJT &TQBÉPM *OTUBMMBUJPO *OTUBMBDJËO "WBOU EF DPNNFODFS GFSNF[ MmFBV ¸ MB WBMWF QSJODJQBMF 3FUJSF[ MFT DBQVDIPOT $JFSSF FM QBTP EFM BHVB FO MB FOUSBEB EFM TVNJOJTUSP BOUFT EF DPNFO[BS 3FUJSF MBT UBQBT $PVQF[ MFT QSPUFDUFVST EF GB¿PO ¸ DF RVmVOF QBSUJF EF ØĬı QP TPJU ¸ MmFYUÁSJFVS EF MB TVSGBDF EV NVS ÙOJ $PSUF MPT QSPUFDUPSFT EF ZFTP EF NPEP RVF TPCSFTBM HBO ØĬı EF MB TVQFSÙDJF EF MB QBSFE UFSNJOBEB 4DFMMF[ MF NVS BVUPVS EFT QSP UFDUFVST ¸ MmBJEF EmVO BHFOU EmÁUBODIÁJUÁ 4FMMF
&OHMJTI 3FNPWF UIF QMVH GSPN UIF TQPVU QPSU 3FNPWF UIF OVU ÚVTI JOTFSU BOE TFBMJOH SJOH GSPN UIF DBSUSJEHF QPSU NN NN *OTUBMM UIF DBSUSJEHF BEBQUFS BOE TFBMJOH SJOHT PO UIF DBSUSJEHF -JHIUMZ MVCSJDBUF UIF DBSUSJEHF P SJOH VTJOH XIJUF QMVNCFST HSFBTF *OTFSU UIF DBSUSJEHF JO UIF DBSUSJEHF DPWFS PSJFOUFE BT TIPXO PO UIF EJBHSBN
'SBO¿BJT &TQBÉPM 3FUJSF[ MF CPVDIPO EV QPSU EF CFD EF SFNQMJTTBHF 3FUJSF FM UBQËO EFM PSJÙDJP EFM TVSUJEPS 3FUJSF[ MmÁDSPV MF DPNQBSUJNFOU BóFVSBOU FU MB CBHVF EmÁUBODIÁJUÁ EV QPSU EF DBSUPVDIF 3FUJSF MB UVFSDB FM BMPKBNJFOUP EF EFTDBSHB Z FM BOJMMP EF TFMMBEP EFM PSJÙDJP EFM DBSUVDIP *OTUBMMF[ M BEBQUFVS FU MFT CBHVFT EmÁUBODIÁJUÁ EBOT MB DBSUPVDIF *OTUBMF FM BEBQUBEPS Z MBT KVOUBT FO FM DBSUVDIP -VCSJÙF[ MÁHÀSFNFOU MB KPJOU UPSJRVF FO VUJMJTBOU EF MB HSBJTTF EF QMPNCFSJF CMBODIF *OT
&OHMJTI *OTUBMM UIF DBSUSJEHF )PME UIF DBSUSJEHF TUFN TUFBEZ XJUI POF IBOE 8JUI UIF PUIFS IBOE SPUBUF UIF DPWFS DMPDLXJTF UP TFDVSF JU UP UIF SPVHI 5JHIUFO UIF DPWFS VTJOH B NN XSFODI NN /N
'SBO¿BJT &TQBÉPM *OTUBMMF[ MB DBSUPVDIF *OTUBMF FM DBSUVDIP 5FOF[ MB DBSUPVDIF FO QMBDF BWFD VOF NBJO 5FOHB FM DBSUVDIP FO FM MVHBS DPO VOB NBOP 4FSSF[ MF DBQPU BWFD MmBVUSF NBJO "QSJFUF MB DPCFSUVSB DPO MB PUSB NBOP 4FSSF[ MB DPVWFSUVSF ¸ MmBJEF EmVOF DMÁ EF NN "QSJFUF MB DPCFSUVSB DPO VOB MMBWF EF NN
&OHMJTI *OTUBMM UIF IBOEMF 5JHIUFO UIF IBOEMF TDSFX VTJOH B NN "MMFO XSFODI NN /N .
'SBO¿BJT &TQBÉPM *OTUBMMF[ MB QPJHOÁF *OTUBMF MB NBOJKB 4FSSF[ MB WJT EF MB QPJHOÁF ¸ MmBJEF EmVOF DMÁ IFY BHPOBMF EF NN "QSJFUF FM UPSOJMMP DPO VOB MMBWF "MMFO EF NN .FTVSF[ MB EJTUBODF FOUSF MB TVSGBDF EF MB QJÀDF EV QPSU EF CFD EF SFNQMJTTBHF FU MF SFCPSE FYUÁSJFVS EV QSPUFDUFVS 9 .
&OHMJTI "EE NN UP 9 $VU UIF UISFBEFE QPSUJPO PG UIF TQPVU TP UIBU JU JT 9 MPOH 9 .
'SBO¿BJT &TQBÉPM "KPVUF[ QP ¸ MB NFTVSF 9 "HSFHVF NN B 9 $PVQF[ MF SBDDPSE ÙMFUÁ EF GB¿PO ¸ DF RVmJM NFTVSF 9 QP EF MPOH $PSUF FM OJQMF SPTDBEP QBSB RVF UFOHB 9 EF MBSHP .FTVSF[ MB EJTUBODF FOUSF MF NVS FU MF SFCPSE EF MB QPJHOÁF .
&OHMJTI *G UIF EJTUBODF NFBTVSFT ğ TFMFDU TMFFWFT $ $ ğ .
'SBO¿BJT &TQBÉPM 4J MB EJTUBODF NFTVSF EF ğ TÁMFDUJPOOF[ MFT HBJOFT $ 4J MB EJTUBODJB FT EF ğ TFMFDDJPOF MPT NBOHVJUPT $ .PEFM 99 .
&OHMJTI *OTUBMM UIF TMFFWF UISFBEFE SJOH BTTFNCMJFT 5JHIUFO UIF UISFBEFE SJOHT VTJOH UIF TFSWJDF LFZ /N -JHIUMZ MVCSJDBUF UIF P SJOH PO UIF IBOEMF DPWFS 1VTI UIF DPWFS JOUP QMBDF
'SBO¿BJT &TQBÉPM *OTUBMMF[ MFT HBJOFT FU MFT CBHVFT ÙMFUÁFT *OTUBMF MPT BSPT SPTDBEPT Z MPT NBOHVJUPT 4FSSF[ MFT CBHVFT ÙMFUÁFT FO VUJMJTBOU MB DMÁ EF TFSWJDF "QSJFUF MPT BSPT SPTDBEPT DPO MB MMBWF EF TFSWJDJP -VCSJÙF[ MÁHÀSFNFOU MF KPJOU UPSJRVF EV DPVWFSDMF FO VUJMJTBOU EF MB HSBJTTF EF QMPNCFSJF CMBODIF -VCSJRVF MFWFNFOUF MB KVOUB UPSPJEBM EF MB UBQB EFM TVSUJEPS VUJMJ[BOEP HSBTB CMBODB QBSB QMPNFSÅB *OTUBMMF[ MF DPVWFSDMF *OTUBMF MB UBQB
&OHMJTI *OTUBMM UIF ÚBOHF *OTUBMM UIF DPWFS PO UIF TQPVU 8SBQ UIF TQPVU UISFBET XJUI 5FÚPO UBQF *OTUBMM UIF TQPVU -JHIUMZ MVCSJDBUF UIF P SJOH PO UIF DPWFS XJUI XIJUF QMVNCFST HSFBTF 1VTI UIF DPWFS JOUP QMBDF
'SBO¿BJT &TQBÉPM *OTUBMMF[ MF CSJEF *OTUBMF MB CSJEB *OTUBMMF[ MF DPVWFSDMF TVS MF CFD *OTUBMF MB UBQB FO FM TVSUJEPS &OWFMPQQF[ MFT ÙMFUT TVS MF CFD BWFD EV SVCBO 5ÁÚPO &OWVFMWB MBT SPTDBT DPO DJOUB EF 5FÚPO *OTUBMMF[ MF CFD *OTUBMF FM TVSUJEPS -VCSJÙF[ MÁHÀSFNFOU MF KPJOU UPSJRVF EV DPVWFSDMF FO VUJMJTBOU EF MB HSBJTTF EF QMPNCFSJF CMBODIF -VCSJRVF MB KVOUB UPSPJEBM EF MB UBQB DPO HSBTB CMBODB QBSB QMPNFSÅB *OTUBMMF[ MF DPVWFSDMF *OTUBMF MB UBQB
&OHMJTI .
'SBO¿BJT &TQBÉPM .PEFM 99 .
&OHMJTI *OTUBMM UIF FTDVUDIFPO PO UIF TQPVU 8SBQ UIF UISFBET PO UIF TQPVU XJUI 5FÚPO UBQF *OTUBMM UIF TQPVU
'SBO¿BJT &TQBÉPM *OTUBMMF[ M ÁDVTTPO TVS MF CFD *OTUBMF FM FNCFMMFDFEPS EFM TVSUJEPS &OWFMPQQF[ MFT ÙMFUT TVS MF CFD BWFD EV SVCBO 5ÁÚPO &OWVFMWB MBT SPTDBT DPO DJOUB EF 5FÚPO *OTUBMF FM TVSUJEPS *OTUBMMF[ MF CFD
6TFS *OTUSVDUJPOT *OTUSVDUJPOT EF TFSWJDF .
3FQMBDFNFOU 1BSUT 1JÀDFT EÁUBDIÁFT 3FQVFTUPT # $ " Y YY Y Y YY YY YY YY Y YY
# $ " Y YY Y Y YY YY YY YY Y YY
$MFBOJOH 3FDPNNFOEBUJPO GPS )BOTHSPIF 1SPEVDUT .PEFSO MBWBUPSZ GBVDFUT LJUDIFO GBVDFUT BOE TIPXFST DPOTJTU PG WFSZ EJñFSFOU NBUFSJBMT UP DPNQMZ XJUI UIF OFFET PG UIF NBSLFU XJUI SFHBSE UP EFTJHO BOE GVODUJPOBMJUZ 5P BWPJE EBNBHF BOE SFUVSOT JU JT OFDFTTBSZ UP DPOTJEFS DFSUBJO DSJUFSJB XIFO DMFBOJOH $MFBOJOH .
/FUUPZF[ WPT QSPEVJUT EF SPCJOFUUFSJF FU EF EPVDIF BVTTJ TPVWFOU RVF OÁDFTTBJSF p 6UJMJTF[ MB RVBOUJUÁ EF QSPEVJU OFUUPZBOU FU SFTQFDUF[ MB EVSÁF SFDPNNBOEÁF QBS MF GBCSJDBOU /F MBJTTF[ QBT MF QSPEVJU TVS MFT BSUJDMFT EF SPCJOFUUFSJF QMVT MPOHUFNQT RVF OÁDFTTBJSF p 6O OFUUPZBHF SÁHVMJFS QFVU QSÁWFOJS MB GPSNBUJPO EF EÁQÌUT DBMDBJSFT p 4J WPVT VUJMJTF[ EFT OFUUPZBOUT FO WBQPSJTBUFVS WBQPSJTF[ EmBCPSE TVS VOF ÁQPOHF PV VO DIJñPO /F WBQPSJTF[ KBNBJT EJSFDUFNFOU TVS VO SPCJOFU EFT HPVUUFMFUUFT
-JNJUFE $POTVNFS 8BSSBOUZ 5IJT QSPEVDU IBT CFFO NBOVGBDUVSFE BOE UFTUFE UP UIF IJHIFTU RVBMJUZ TUBOEBSET CZ )BOTHSPIF *OD n)BOTHSPIFo 5IJT XBSSBOUZ JT MJNJUFE UP )BOTHSPIF QSPEVDUT UIBU BSF QVSDIBTFE CZ B DPOTVNFS JO UIF 6OJUFE 4UBUFT PS $BOBEB BGUFS .
8IFO XBSSBOUZ TFSWJDF JT DPNQMFUFE BOZ SFQBJSFE PS SFQMBDFNFOU QSPEVDU PS QBSU XJMM CF SFUVSOFE UP ZPV QPTUBHF QSFQBJE &9$-64*0/4 "/% -*.*5"5*0/4 3&1"*3 03 3&1-"$&.&/5 03 */ -*.*5&% $*3$6.45"/$&4 3&'6/% 0' 5)& 163$)"4& 13*$& "4 1307*%&% 6/%&3 5)*4 8"33"/5: *4 5)& &9$-64*7& 3&.&%: 0' 5)& 163$)"4&3 )"/4(30)& /&*5)&3 "446.
XXX IBOTHSPIF VTB DPN 64 *OTUBMMBUJPO *OTUSVDUJPOT p 1BSU /P p 3FWJTFE )BOTHSPIF *OD p #MVFHSBTT -BLFT 1BSLXBZ p "MQIBSFUUB (" 5FM p 'BY
