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&EWMG %HQMRMWXVEXMSR JSV 'MXVM
2IX7GEPIV 
'27-
EWMG %HQMRMWXVEXMSR JSV
'MXVM 2IX7GEPIV 
'27-
.YP] 
:IVWMSR
8EFPI SJ 'SRXIRXW
1SHYPI1SHYPI  -RXVSHYGXMSR-RXVSHYGXMSR ERHERH 'SYVWI'SYVWI 3ZIVZMI[3ZIVZMI[  
3ZIVZMI[  
7XYHIRX -RXVSHYGXMSRW  
*EGMPMXMIW  
'SYVWI 1EXIVMEPW  
'SYVWI 4VIVIUYMWMXIW  
'SYVWI 3YXPMRI  (E] 3RI  
'SYVWI 3YXPMRI  (E] 8[S  
'SYVWI 3YXPMRI  (E] 8LVII  
'SYVWI 3YXPMRI  (E] *SYV  
'SYVWI 3YXPMRI  (E] *MZI  
'MXVM )HYGEXMSR  
'SYVWI )ZEPYEXMSR ERH 'SQTPIXMSR 'IVXMJMGEXI  
1SHYPI1SHYPI  -RXVSHYGMRK-RXVSHYGMRK ERHERH (ITPS]MRK(ITPS]MRK 'MXVM'MXVM 2IX7GEPIV2IX7GEPIV  
3ZIVZMI[  
-RXVSHYGXMSR XS XLI 2IX7GEPIV 7]WXIQ  
2IX7GEPIV *YRGXMSREPMX]  
4PERRMRK E 2IX7GEPIV (ITPS]QIRX  
(ITPS]QIRX 7GIREVMSW  
4VSHYGX *IEXYVIW  
0S[IV 8SXEP 'SWX SJ 3[RIVWLMT  
%TTPMGEXMSR %GGIPIVEXMSR  
%TTPMGEXMSR 7IGYVMX]  
%TTPMGEXMSR %ZEMPEFMPMX]  
7MQTPI 1EREKIEFMPMX]  
;IF  3TXMQM^EXMSR  
,EVH[EVI 4PEXJSVQW  
2IX7GEPIV 14   
2IX7GEPIV 14   
2IX7GEPIV 14   *-4714 :4   
R'SVI  
2IX7GEPIV :4  
,EVH[EVI 'SQTSRIRXW  
2IX[SVO ERH 7IVMEP -RXIVJEGIW  
0'(  
*MPI 7]WXIQ  
2IX7GEPIV %VGLMXIGXYVI 3ZIVZMI[  
0SKKMRK MR XS XLI 2IX7GEPIV 7]WXIQ  
6IZMI[  
 'ST]VMKLX  'MXVM 7]WXIQW -RG
1SHYPI1SHYPI  2IX[SVOMRK2IX[SVOMRK  
3ZIVZMI[  
2IX7GEPIV %VGLMXIGXYVI 3ZIVZMI[  
'SRRIGXMSR 7ITEVEXMSR  
EWMG 2IX7GEPIV 7]WXIQ 2IX[SVOMRK 6YPIW  
1YPXMTPIMRK  
2IX7GEPIV3[RIH -4 %HHVIWWIW  
2IX7GEPIV -4 %HHVIWW  
7YFRIX -4 %HHVIWW  
1ETTIH -4 %HHVIWW  
:MVXYEP -4 %HHVIWW  
2IX7GEPIV 1SHIW  
0E]IV 1SHI  
'SRJMKYVMRK 0E]IV 1SHI  
0E]IV 1SHI  
0E]IV 1SHI 'SRWMHIVEXMSRW  
'SRJMKYVMRK 0E]IV  1SHI  
0E]IV 1SHI [MXL 0E]IV 1SHI  
1%'EWIH *SV[EVHMRK 1SHI  
7IRHMRK E 'PMIRX -4 %HHVIWW XS 7IVZIVW  
'PMIRX-4 ,884 ,IEHIV -RWIVXMSR  
9WI 7SYVGI -4 1SHI  
'SRJMKYVMRK 97-4 1SHI  
2IX[SVO %HHVIWW 8VERWPEXMSR  
-RFSYRH 2IX[SVO %HHVIWW 8VERWPEXMSR  
6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR
62%8
  
-4 %HHVIWWIW JSV 62%8  
62%8 )EQTPI  
'SRJMKYVMRK 6IZIVWI 2IX[SVO %HHVIWW 8VERWPEXMSR  
:MVXYEP 0SGEP %VIE 2IX[SVOW  
8EKKIH :0%2W  
:0%2W ERH 8EKKMRK [MXL 2IX7GEPIV :4  
'SRJMKYVMRK :0%2W  
0MRO %KKVIKEXMSR  
'SRJMKYVMRK 0%'4 1ERYEPP]  
'SRJMKYVMRK 0MRO %KKVIKEXMSR [MXL 0%'4  
-RXIVRIX 'SRXVSP 1IWWEKI 4VSXSGSP  
4EXL 189 (MWGSZIV]  
(]REQMG 6SYXMRK 7YTTSVX ERH 6SYXI ,IEPXL -RNIGXMSR  
6IZMI[  
1SHYPI1SHYPI  'SRJMKYVMRK'SRJMKYVMRK ,MKL,MKL %ZEMPEFMPMX]%ZEMPEFMPMX]  
3ZIVZMI[  
-RXVSHYGXMSR XS ,MKL %ZEMPEFMPMX]  
,MKL %ZEMPEFMPMX] *YRGXMSREPMX]  
,MKL %ZEMPEFMPMX] 2SHI 'SRJMKYVEXMSR  
  'ST]VMKLX  'MXVM 7]WXIQW -RG
4VI'SRJMKYVEXMSR 'LIGOPMWX  
:MVXYEP 1IHME %GGIWW 'SRXVSP %HHVIWW  
'SRJMKYVMRK 4VMQEV] ERH 7IGSRHEV] 2SHIW  
,MKL%ZEMPEFMPMX] 7XEXYW  
4VSTEKEXMSR ERH 7]RGLVSRM^EXMSR  
(MWEFPMRK 'SQQERH 4VSTEKEXMSR  
%YXSQEXMG 'SRJMKYVEXMSR 7]RGLVSRM^EXMSR  
*SVGIH 7]RGLVSRM^EXMSR  
4IVJSVQMRK E *SVGIH *EMPSZIV  
,MKL %ZEMPEFMPMX] 1EREKIQIRX  
9TKVEHMRK E ,MKL %ZEMPEFMPMX] 4EMV  
6IZMI[  
1SHYPI1SHYPI  7IGYVMRK7IGYVMRK XLIXLI 2IX7GEPIV2IX7GEPIV 7]WXIQ7]WXIQ  
3ZIVZMI[  
2IX7GEPIV 7]WXIQ 'SQQYRMGEXMSR  
2IX7GEPIV 'SQQYRMGEXMSR 8]TIW  
7IGYVMX] 4EVEQIXIV 'SQTSRIRXW  
%GGIWW 'SRXVSP 0MWXW  
7MQTPI %GGIWW 'SRXVSP 0MWXW  
1EXGLMRK %GGIWW 'SRXVSP 0MWX )RXVMIW  
8VEJJMG -HIRXMJMGEXMSR  
%GGIWW'SRXVSP0MWX 7]RXE *SVQEX ERH 4VIGIHIRGI  
%GGIWW'SRXVSP0MWXW 4VIGIHIRGI  
-4ZEWIH %GGIWW'SRXVSP0MWX 7YTTSVX  
%GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR  
7MQTPI %GGIWW'SRXVSP0MWX 'SRJMKYVEXMSR
'SQQERH0MRI -RXIVJEGI
  
'SRJMKYVMRK (IXEMPIH %GGIWW 'SRXVSP 0MWXW
'SQQERH0MRI -RXIVJEGI
  
'VIEXMRK ERH 6IQSZMRK %GGIWW 'SRXVSP 0MWXW
'SQQERH0MRI -RXIVJEGI
  
%TTP]MRK %GGIWW 'SRXVSP 0MWXW
'SQQERH0MRI -RXIVJEGI
  
:MI[MRK %GGIWW 'SRXVSP 0MWXW
'SQQERH0MRI -RXIVJEGI
  
%GGIWW'SRXVSP0MWX 4VMSVMXMIW
'SQQERH0MRI -RXIVJEGI
  
6IQSZMRK %GGIWW 'SRXVSP 0MWXW JVSQ XLI 7]WXIQ
'SQQERH0MRI -RXIVJEGI
  
%GGIWW'SRXVSP0MWX 7]RXE *SVQEX JSV (MJJIVIRX 2IX7GEPIV :IVWMSRW  
%GGIWW'SRXVSP0MWX )EQTPI  
6IZMI[  
1SHYPI1SHYPI  'SRJMKYVMRK'SRJMKYVMRK 0SEH0SEH EPERGMRKEPERGMRK  
3ZIVZMI[  
)RXMX] 1EREKIQIRX  
'VIEXMRK 7IVZIVW  
'VIEXMRK 7IVZMGIW  
'VIEXMRK :MVXYEP 7IVZIVW  
1SRMXSVW  
0SEHEPERGMRK 8VEJJMG 8]TIW  
 'ST]VMKLX  'MXVM 7]WXIQW -RG
7IVZMGI 1SRMXSVMRK  
(IJEYPX 1SRMXSVW  
1SRMXSV 4EVEQIXIVW  
'VIEXMRK 1SRMXSVW  
,884 1SRMXSVMRK  
)': 1SRMXSVMRK  
,884)': ERH 8'4)': 1SRMXSVMRK 4VSGIWW  
,884-20-2) 4EVEQIXIVW  
6IZIVWI 'SRHMXMSR 1SRMXSVMRK  
7IXXMRK 1SRMXSV 8LVIWLSPHW  
0SEHEPERGMRK 8STSPSK]  
0SEHEPERGMRK 1IXLSHW  
7IVZMGI ;IMKLXW  
7IWWMSR 4IVWMWXIRGI  
2SR4IVWMWXIRX 'PMIRXW  
4IVWMWXIRGI 1IXLSHW  
4IVWMWXIRGI 8EFPIW  
%HHMXMSREP 0SEHEPERGMRK 3TXMSRW  
%HZERGIH 0SEHEPERGMRK 1IXLSHW  
8SOIR  
8SOIRFEWIH 0SEHEPERGMRK )EQTPI   
8SOIRFEWIH 0SEHEPERGMRK )EQTPI   
,EWL 0SEHEPERGMRK  
0MRO 0SEH EPERGMRK  
0MRO 0SEHEPERGMRK 4SPMG]  
'YWXSQ 0SEH  
0SEH 1SRMXSV 4VSGIWW  
0SEH 1SRMXSV 4EVEQIXIVW  
MRHMRK 1IXVMGW  
7IVZMGI ERH :MVXYEP 7IVZIV 1EREKIQIRX  
7IVZMGI ERH :MVXYEP 7XEXMWXMGW  
1SRMXSVMRK 8VEJJMG (MWXVMFYXMSR  
0SEH EPERGMRK :MWYEPM^IV  
6IZMI[  
1SHYPI1SHYPI  'SRJMKYVMRK'SRJMKYVMRK 770770 3JJPSEH3JJPSEH  
3ZIVZMI[  
770 ERH (MKMXEP 'IVXMJMGEXIW  
-QTSVXERX 'SRGITXW  
770 3JJPSEH 3ZIVZMI[  
3JJPSEH 4IVJSVQERGI  
*IEXYVIW ERH IRIJMXW  
770 %HQMRMWXVEXMSR  
770 7IWWMSR 4VSGIWW  
770 /I]W  
+IRIVEXMRK E 'IVXMJMGEXI 7MKRMRK 6IUYIWX  
  'ST]VMKLX  'MXVM 7]WXIQW -RG
770 'IVXMJMGEXIW  
'IVXMJMGEXI /I] 4EMVW  
770 3JJPSEH  
770 8IVQMREXMSR 4SMRXW  
(ITPS]QIRX 7GIREVMSW  
*VSRXIRH 770 [MXL EGOIRH ,884 6IUYMVIQIRXW  
7IGYVMRK 8VEJJMG IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV 7]WXIQ  
*VSRXIRH 770 [MXL EGOIRH 770 6IUYMVIQIRXW  
7IGYVMRK 8VEJJMG IX[IIR XLI 2IX7GEPIV ERH XLI 7IVZIV  
*VSRXIRH 770C8'4 [MXL EGOIRH 8'4 6IUYMVIQIRXW  
7IGYVMRK 8'4 8VEJJMG IX[IIR E 'PMIRX ERH XLI 2IX7GEPIV 7]WXIQ  
770CVMHKI  
770CVMHKI 6IUYMVIQIRXW  
'SRJMKYVMRK 770 3JJPSEH  
'VIEXMRK ERH MRHMRK 770 :MVXYEP 7IVZIV  
%HZERGIH 770 7IXXMRKW  
770 6IHMVIGX  
770Z 4VSXSGSP ERH 6IHMVIGX  
'SRJMKYVMRK %HZERGIH 7IXXMRKW  
6IZMI[  
1SHYPI1SHYPI  'SRJMKYVMRK'SRJMKYVMRK +PSFEP+PSFEP 7IVZIV7IVZIV 0SEH0SEH EPERGMRKEPERGMRK  
3ZIVZMI[  
+70 'SRGITXW  
+70 'SRZIVWEXMSR 4VSGIWW  
+70 )RXMXMIW  
1IXVMG )GLERKI 4VSXSGSP  
1IXVMG -RJSVQEXMSR 8]TIW  
+70 1SRMXSVMRK 'SRJMKYVEXMSR  
+70 (27 1IXLSHW  
%YXLSVMXEXMZI (27 7IVZMGI  
2EQI 7IVZIVW  
)XIVREP (27 7IVZIV )EQTPI  
(27 4VS] 'SRJMKYVEXMSR  
(27 6IUYIWX 7GIREVMSW  
6IWSYVGI 6IGSVHW  
+70 4IVWMWXIRGI  
'SRJMKYVMRK (27 :MVXYEP 7IVZIVW  
+70 'SRJMKYVEXMSRW  
-QTPIQIRXMRK 8VEHMXMSREP +70  
-QTPIQIRXMRK 4VSMQMX]FEWIH +70  
4VSMQMX]EWIH 0SEHEPERGMRK 1IXLSHW  
-QTPIQIRXMRK +70 *EMPSZIV JSV (MWEWXIV 6IGSZIV]  
+70 )RXMX] 6IPEXMSRWLMT  
'SRJMKYVMRK +70 :MVXYEP 7IVZIVW  
'SRJMKYVMRK %(27  
 'ST]VMKLX  'MXVM 7]WXIQW -RG
7]RGLVSRM^MRK E +70 'SRJMKYVEXMSR  
+70 7MXI 'SQQYRMGEXMSR )EQTPI  
6IZMI[  
1SHYPI1SHYPI  9WMRK9WMRK %TT)TIVX%TT)TIVX 'PEWWMG'PEWWMG XSXS 3TXMQM^I3TXMQM^I 8VEJJMG8VEJJMG  
3ZIVZMI[  
4SPMG] 3ZIVZMI[  
4SPMG] EWMGW  
EWMG 4SPMG] 'SQTSRIRXW  
%HZERGIH 4SPMG] 9WIW  
4SPMG] MRHMRKW  
4SPMG] 4VMSVMXMIW  
,]TIVXIX 8VERWJIV 4VSXSGSP  
,884 6IUYIWX ,IEHIVW  
,884 6IWTSRWI ,IEHIVW  
,884 ,IEHIV 7IXXMRKW  
)TVIWWMSR 7XVYGXYVIW  
%ZEMPEFPI 5YEPMJMIVW JSV ,884 8VEJJMG  
%ZEMPEFPI 5YEPMJMIVW JSV 2SR,884 8VEJJMG  
%ZEMPEFPI 3TIVEXSVW  
;MPHGEVHW  
'SRXIX7IRWMXMZI *MIPHW  
7MQTPI )TVIWWMSRW  
'SQTSYRH )TVIWWMSRW  
'SRXIRX *MPXIVMRK  
'SRXIRX *MPXIVMRK %GXMSRW  
'SRXIRX *MPXIVMRK 6YPIW  
9WIV(IJMRIH *MPXIV %GXMSRW  
-RXVSHYGXMSR XS 'SQTVIWWMSR  
'SQTVIWWMSR 4VSGIWW  
'SQTVIWWMSR 'SRWMHIVEXMSRW  
'SQTVIWWMSR 6IWTSRWIW  
'SQTVIWWMSR 4EVEQIXIVW  
'SQTVIWWMSR 4SPMGMIW  
'SQTVIWWMSR %GXMSRW  
6IZMI[ 5YIWXMSRW  
1SHYPI1SHYPI  9WMRK9WMRK %TT)TIVX%TT)TIVX JSVJSV 6IWTSRHIV6IWTSRHIV 6I[VMXI6I[VMXI ERHERH 960960 8VERWJSVQ8VERWJSVQ  
3ZIVZMI[  
9RHIVWXERHMRK 4EGOIX 4VSGIWWMRK *PS[  
9RHIVWXERHMRK 4SPMGMIW  
4SPMG] 4VSGIWW )ZEPYEXMSR *PS[  
-HIRXMJ]MRK %HZERGIH 4SPMG] )TVIWWMSRW  
%HZERGIH 4SPMG] )TVIWWMSR 7]RXE  
%GXMSRW  
  'ST]VMKLX  'MXVM 7]WXIQW -RG
%GXMSR 7]RXE  
9RHIVWXERHMRK MRH 4SMRXW  
4SPMG] MRHMRK )ZEPYEXMSR 4VSGIWW  
9WMRK XLI 4SPMG] 1EREKIV  
4SPMG] 1EREKIV 'SRXMRYIH  
9RHIVWXERHMRK 4SPMG] 0EFIPW  
'SRJMKYVMRK 4SPMG] 0EFIPW  
9WMRK 4EXXIVR 7IXW  
8]TIGEWXMRK  
6I[VMXI 6IWTSRHIV ERH 960 8VERWJSVQEXMSR  
8VERWJSVQIH )PIQIRXW  
-HIRXMJ]MRK 4EGOIX 4VSGIWWMRK *PS[  
6I[VMXI 4VSGIWW  
6IWTSRHIV 4VSGIWW  
960 8VERWJSVQEXMSR 4VSGIWW  
'SRJMKYVMRK 4SPMGMIW ERH %GXMSRW  
'SRJMKYVMRK 6I[VMXI %GXMSRW  
-RWIVXMRK ERH 6ITPEGMRK ,884 ,IEHIVW  
(IPIXMRK ,884 ,IEHIVW  
-RWIVXMRK ,884 ,IEHIVW  
(IPIXMRK 6IUYIWX 'SRXIRX  
6ITPEGMRK 6IWTSRWI 'SRXIRX  
YMPX-R 6I[VMXI %GXMSRW  
6I[VMXI 4SPMGMIW  
MRHMRK 4SPMGMIW  
6IWTSRHIV %GXMSRW  
6IWTSRH;MXL  
YMPX-R 6IWTSRHIV %GXMSRW  
6IWTSRHIV 4SPMGMIW  
'SRJMKYVMRK 960 8VERWJSVQEXMSR  
960 8VERWJSVQEXMSR 'SRJMKYVEXMSR 4VSGIHYVI  
'SRJMKYVMRK 960 8VERWJSVQEXMSR %GXMSRW  
6IZMI[ 5YIWXMSRW  
1SHYPI1SHYPI  9WMRK9WMRK %TT)TIVX%TT)TIVX JSVJSV 'SRXIRX'SRXIRX 7[MXGLMRK7[MXGLMRK  
3ZIVZMI[  
-RXVSHYGXMSR XS 'SRXIRX 7[MXGLMRK  
'SRXIRX 7[MXGLMRK EWIH SR 0E]IV 'LEVEGXIVMWXMGW  
9RHIVWXERHMRK 'SRXIRX 7[MXGLMRK  
'SRXIRX7[MXGLMRK :MVXYEP 7IVZIVW ERH 0SEHEPERGMRK :MVXYEP 7IVZIVW  
'SRJMKYVMRK 'SRXIRX7[MXGLMRK :MVXYEP 7IVZIVW  
'SRXIRX7[MXGLMRK 4SPMGMIW  
MRHMRK 'SRXIRX7[MXGLMRK 4SPMGMIW  
6YPIEWIH 4SPMG] )EQTPI  
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXLSYX 4VMSVMX] 7TIGMJMIH  
'SRXIRX7[MXGLMRK 6YPI 4VIGIHIRGI ;MXL 4VMSVMX] 7TIGMJMIH  
 'ST]VMKLX  'MXVM 7]WXIQW -RG
9RQEXGLIH 8VEJJMG ,ERHPMRK  
6IZMI[  
1SHYPI1SHYPI  9WMRK9WMRK %TT)TIVX%TT)TIVX %HZERGIH%HZERGIH XSXS 3TXMQM^I3TXMQM^I 8VEJJMG8VEJJMG  
3ZIVZMI[  
'SQTVIWWMSR [MXL %HZERGIH 4SPMG] )TVIWWMSRW  
7IXXMRK 'SQTVIWWMSR 4SPMGMIW +PSFEPP]  
'SRJMKYVMRK 'SQTVIWWMSR  
-RXIKVEXIH 'EGLMRK  
6IZIVWI4VS]'EGLI 'SRJMKYVEXMSR  
'SRXIRX +VSYTW  
'EGLI 7IPIGXSVW ERH 4SPMGMIW  
'EGLMRK 7XEXMG ERH (]REQMG 'SRXIRX  
(]REQMG 'SRXIRX  
'EGLI %GXMSRW  
6IUYIWX ERH 6IWTSRWI 4VSGIWW *PS[  
'EGLI 4SPMGMIW ERH 'EGLI )TVIWWMSRW  
'EGLI 4SPMGMIW  
MRHMRK 'EGLI 4SPMGMIW  
'EGLI 4SPMG] )ZEPYEXMSR  
)ZEPYEXMSR 3VHIV  
YMPX-R 4SPMGMIW  
+VEGIJYP 'EGLI 'SRJMKYVEXMSR 'LERKIW  
'EGLI 'SRXIRX +VSYTW  
6IZIVWIH 'SRXIRX +VSYT 2EQIW  
'EGLI 'SRXIRX %KMRK  
'SRXIRX +VSYT 7IXXMRKW  
,884 ,IEHIVW ERH 'SRXIRX +VSYT 7IXXMRKW  
'SSOMI 6IQSZEP  
3XLIV 'SRXIRX +VSYT %XXVMFYXIW  
*PEWL'EGLI  
+PSFEP 'EGLI %XXVMFYXIW  
'EGLI %VKYQIRXW  
ZIVMJ]9WMRK %VKYQIRX  
,3782%1) 7IXXMRK  
'EGLMRK 1EREKIQIRX  
%TT)TIVX 8IQTPEXIW  
9WMRK %TT)TIVX 8IQTPEXIW  
9WMRK XLI %TTPMGEXMSR -RXIVJEGI  
%TTPMGEXMSRW 4ERI  
%TTPMGEXMSRW 4ERI %TTPMGEXMSR 9RMXW  
%TT)TIVX 8IQTPEXI 7GEPEFMPMX]  
4PERRMRK JSV %TTPMGEXMSRW  
8IVQMRSPSK]  
1IXLSHSPSK]  
%TTPMGEXMSR )EQTPI 4EVX   
  'ST]VMKLX  'MXVM 7]WXIQW -RG
%TTPMGEXMSR )EQTPI 4EVX   
%TT)TIVX 8IQTPEXI (ITPS]QIRX  
4SPMG]EWIH 6SYXMRK  
4SPMG]EWIH 6SYXMRK 4EVEQIXIVW  
4SPMG]EWIH %GXMSR 'SRJMKYVEXMSR  
6IZMI[  
1SHYPI1SHYPI  1EREKIQIRX1EREKIQIRX  
3ZIVZMI[  
7MQTPI 2IX[SVO 1EREKIQIRX 4VSXSGSP  
1EREKIH (IZMGIW  
7214 %KIRXW  
1EREKIVW  
1EREKIQIRX -RJSVQEXMSR EWI  
'SQQYRMX] 7XVMRKW  
8VETW  
'SRJMKYVMRK 7214Z ERH 7214Z  
'SRJMKYVMRK 7214 1EREKIVW  
'SRJMKYVMRK 1- 7]WXIQ :EVMEFPIW  
'SRJMKYVMRK 'SQQYRMX] 7XVMRKW  
'SRJMKYVMRK 7214 8VETW  
'SRJMKYVMRK %PEVQW  
7214Z  
7214Z 'SQTSRIRXW  
(EWLFSEVH  
7]WXIQ ERH *IEXYVI 'SYRXIVW  
(EWLFSEVH 'SQTSRIRXW  
2EZMKEXMRK XLI (EWLFSEVH  
6ITSVXMRK ERH 1SRMXSVMRK 8SSPW  
%YHMXMRK ERH 0SKKMRK  
'SRJMKYVMRK ER %YHMXMRK 7IVZIV  
+PSFEP %YHMXMRK 4EVEQIXIVW  
'SRJMKYVMRK %YHMXMRK 4SPMGMIW  
MRHMRK %YHMXMRK 4SPMG]  
%YHMX 1IWWEKIW  
2IX7GEPIV 0SK 1EREKIQIRX  
6ITPEGMRK E ,MKL%ZEMPEFMPMX] 2SHI  
4IVJSVQMRK ER 9TKVEHI  
4EWW[SVH 6IGSZIV]  
2IX[SVO 8VEJJMG 'ETXYVI 9WMRK 278'4(914  
2IX[SVO 8VEJJMG 'ETXYVI YWMRK 2786%')7,  
2786%') 7]RXE  
2786%') 3TXMSRW  
*MPXIV )TVIWWMSRW  
6IZMI[  
 'ST]VMKLX  'MXVM 7]WXIQW -RG
%TTIRHM%TTIRHM %% 6IZMI[6IZMI[ 5YIWXMSRW5YIWXMSRW ERHERH %RW[IVW%RW[IVW  
6IZMI[ %RW[IVW -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  
6IZMI[ %RW[IVW 2IX[SVOMRK  
6IZMI[ %RW[IVW 'SRJMKYVMRK ,MKL %ZEMPEFMPMX]  
6IZMI[ %RW[IVW 7IGYVMRK XLI 2IX7GEPIV 7]WXIQ  
6IZMI[ %RW[IVW 'SRJMKYVMRK 0SEH EPERGMRK  
6IZMI[ %RW[IVW 'SRJMKYVMRK 770  
6IZMI[ %RW[IVW +70  
6IZMI[ %RW[IVW 9WMRK %TT)TIVX 'PEWWMG XS 3TXMQM^I 8VEJJMG  
6IZMI[ %RW[IVW 9WMRK %TT)TIVX JSV 6IWTSRHIV 6I[VMXI ERH 960 8VERWJSVQEXMSR  
6IZMI[ %RW[IVW 9WMRK %TT)TIVX JSV 'SRXIRX 7[MXGLMRK  
6IZMI[ %RW[IVW 9WMRK %TT)TIVX %HZERGI XS 3TXMQM^I 8VEJJMG  
6IZMI[ %RW[IVW 1EREKIQIRX  
+PSWWEV]+PSWWEV]  
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y 8LI %VGLMXIGX WIVMIW GSRWMWXW SJ XLI 'MXVM 'IVXMJMIH -RXIKVEXMSR %VGLMXIGX
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 GIVXMJMGEXMSR
6EROIH EQSRK XLI QSWX WSYKLX EJXIV GIVXMJMGEXMSRW MR XLI MRHYWXV] 'MXVM GIVXMJMGEXMSRW TVSZMHI
y IRIJMXW JSV SVKERM^EXMSRW MRGPYHMRK
y 4IEGI SJ QMRH ERH EWWYVERGI XLEX GIVXMJMIH WXEJJ LEZI QEWXIVIH XLI WOMPPW RIGIWWEV] XS HS
XLIMV NSFW
 1SHYPI  -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[  'ST]VMKLX  'MXVM 7]WXIQW -RG
y :EPYEFPI GVIHIRXMEPW XS SJJIV EW MRGIRXMZI XS XST TIVJSVQIVW ERH XS WIIO MR TVSWTIGXMZI
IQTPS]IIW
y 'SQTIXMXMZI EHZERXEKI KEMRIH F] PIZIVEKMRK WXEJJ XLEX MW XVEMRIH ERH GIVXMJMIH SR E VIKYPEV
FEWMW
y IRIJMXW JSV -8 TVSJIWWMSREPW MRGPYHMRK
y (IQSRWXVEXIH GSQTIXIRG] MR 'MXVM TVSHYGXW XS IQTPS]IVW ERH GPMIRXW
y 8LI QSWX GYVVIRX XIGLRMGEP WOMPPW ERH ORS[PIHKI RIGIWWEV] XS HS XLIMV NSFW
y )RLERGIH QEVOIXEFMPMX] XLVSYKL E [IPPVIGSKRM^IH ERH VIWTIGXIH GVIHIRXMEP
-RZIWXMRK MR 'MXVM GIVXMJMGEXMSR LIPTW SVKERM^EXMSRW ERH -8 TVSJIWWMSREPW EPMOI VIEPM^I XLIMV FYWMRIWW
KSEPW 8S KIX WXEVXIH ZMWMX XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI 'IVXMJMGEXMSR
WIGXMSR
/I] 6IWSYVGIW
8S SFXEMR HIXEMPIH ERH YTHEXIH MRJSVQEXMSR SR 'MXVM XVEMRMRK ERH GIVXMJMGEXMSR ZMWMX XLI
[[[GMXVMIHYGEXMSRGSQ [IF WMXI VIKYPEVP] 8LI [IF WMXI GSRXEMRW XLI PEXIWX MRJSVQEXMSR SR
EZEMPEFPI ERH YTGSQMRK MRWXVYGXSVPIH XVEMRMRK WIPJTEGIH SRPMRI PIEVRMRK IEQW ERH GIVXMJMGEXMSRW
-RWXVYGXSVPIH XVEMRMRK 8S ZMI[ GSYVWI HIWGVMTXMSRW WIEVGL SV VIKMWXIV JSV EHHMXMSREP -08
-08
 GSYVWIW GSYVWIW ERH WGLIHYPIW MR ]SYV EVIE MRGPYHMRK GYWXSQM^IH XVEMRMRK
KS XS XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI
8VEMRMRK WIGXMSR XS JMRH GSYVWIW MR ]SYV VIKMSR =SY QE] EPWS
GSRXEGX ]SYV 'MXVM %YXLSVM^IH 0IEVRMRK 'IRXIV
'%0'
VITVIWIRXEXMZI
7IPJTEGIH SRPMRI PIEVRMRK 8S ZMI[ GSYVWI HIWGVMTXMSRW WIEVGL SV VIKMWXIV JSV I0IEVRMRK
GSYVWIW KS XS XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS
XLI 8VEMRMRK WIGXMSR
)EQW 8S HS[RPSEH IEQ TVITEVEXMSR KYMHIW XS TVITEVI JSV IEQW KS XS
XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI )EQ
WIGXMSR 8S VIKMWXIV JSV 'MXVM IEQW EHQMRMWXIVIH F] 4IEVWSR :9)
GSRXEGX XLI TVSZMHIV HMVIGXP]
y ;IF [[[TIEVWSRZYIGSQ
y 8IPITLSRI
%QIVMGEW
 *SV E PMWX SJ TLSRI
RYQFIVW F] VIKMSR ZMWMX XLI LXXTZYIGSQGMXVMGSRXEGX [IF
WMXI
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'IVXMJMGEXMSR 1EREKIV 8S XVEGO ]SYV GIVXMJMGEXMSR TVSKVIWW ERH TYFPMWL ]SYV 'MXVM
GVIHIRXMEPW ZMWMX XLI [[[GMXVMGIVXQEREKIVGSQ [IF WMXI
 1SHYPI  -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[  'ST]VMKLX  'MXVM 7]WXIQW -RG
'SYVWI )ZEPYEXMSR ERH 'SQTPIXMSR
'IVXMJMGEXI
'SYVWI )ZEPYEXMSR 7YVZI]
'SYVWI IZEPYEXMSR MW MRXIKVEP XS HIZIPSTMRK ER )HYGEXMSR TVSKVEQ XLEX TVSZMHIW ER IJJIGXMZI
PIEVRMRK IRZMVSRQIRX ERH XLI ORS[PIHKI ERH WOMPPW RIGIWWEV] XS MQTVSZI NSF TIVJSVQERGI [LMPI
IRLERGMRK XLI VIXYVR SR MRZIWXQIRX SJ 'MXVM TVSHYGXW =SYV MRWXVYGXSV [MPP GEVIJYPP] KYMHI ]SY
XLVSYKL XLI GSYVWI IZEPYEXMSR TVSGIWW ERH EWO XLEX ]SY WYFQMX ER IPIGXVSRMG WYVZI] EX XLI
GSRGPYWMSR SJ XLI GSYVWI 8LMW ZEPYEFPI JIIHFEGO [MPP EWWMWX 'MXVM )HYGEXMSR MR ITERHMRK SYV
VSFYWX GYVVMGYPYQ SJ MRWXVYGXSVPIH XVEMRMRK WIPJTEGIH SRPMRI PIEVRMRK ERH GLEPPIRKMRK GIVXMJMGEXMSR
XVEGOW
'SYVWI 'SQTPIXMSR 'IVXMJMGEXI
% GSYVWI GSQTPIXMSR GIVXMJMGEXI MW EZEMPEFPI XS XLSWI WXYHIRXW [LS GSQTPIXI XLI GSYVWI IZEPYEXMSR
WYVZI] 1MH[E] XLVSYKL XLI JMREP HE] SJ GPEWW ]SYV MRWXVYGXSV [MPP TVSZMHI ]SY [MXL XLI 960 JSV
XLI [IFFEWIH WYVZI] 7MQTP] KS XS XLI PMRO ERH GSQTPIXI XLI VIUYIWXIH MRJSVQEXMSR 8LI
IZEPYEXMSR [MPP XEOI RS QSVI XLER  QMRYXIW XS GSQTPIXI 9TSR WYFQMWWMSR SJ ]SYV GSYVWI
IZEPYEXMSR XLI W]WXIQ [MPP EYXSQEXMGEPP] KIRIVEXI ER IPIGXVSRMG ZIVWMSR SJ ]SYV GSYVWI GSQTPIXMSR
GIVXMJMGEXI )RXIV ]SYV REQI ERH WIPIGX XLI STXMSR XS TVMRX IQEMP SV WEZI XS ,810 TVMSV XS GPSWMRK
XLI TEKI
*SV GPEWWVSSQW [LIVI -RXIVRIX EGGIWW MW RSX EZEMPEFPI ]SY QE] EGGIWW XLI WYVZI] EJXIV
XVEMRMRK F] KSMRK XS XLI [[[QIXVMGWXLEXQEXXIVGSQGMXVMIZEP [IF WMXI 4PIEWI LEZI ]SYV
GSYVWI RYQFIV EZEMPEFPI MR SVHIV XS PEYRGL XLI WYVZI]
=SY QE] WIPIGX QSVI XLER SRI SJ XLI STXMSRW TVSZMHIH XS VIGIMZI ]SYV GSYVWI GSQTPIXMSR
GIVXMJMGEXI ;LIR TVMRXMRK XLI GIVXMJMGEXI GLSSWI 0ERHWGETI MR SVHIV XS JSVQEX XLI TEKI TVSTIVP] -J
]SY IPIGX XS IQEMP XLI GSYVWI GSQTPIXMSR GIVXMJMGEXI GPMGO XLI EGO FYXXSR JVSQ XLI IQEMP TEKI XS
VIXYVR XS XLI GIVXMJMGEXI ERH WIPIGX ER EPXIVREXMZI QIXLSH
-J ]SYV GPEWWVSSQ MW RSX IUYMTTIH [MXL E TVMRXIV [I WXVSRKP] VIGSQQIRH XLEX ]SY IQEMP
SV WEZI XS ,810 =SY [MPP RSX FI EFPI XS VIEGGIWW ]SYV GSYVWI GSQTPIXMSR GIVXMJMGEXI
EJXIV ]SY GPSWI XLI TEKI
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
 'ST]VMKLX  'MXVM 7]WXIQW -RG
1SHYPI 
-RXVSHYGMRK ERH
(ITPS]MRK 'MXVM
2IX7GEPIV
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3ZIVZMI[
'MXVM 2IX7GEPIV MW
y %R EW]QQIXVMGEP WSPYXMSR
y % GSQTPIXI XVEJJMG QEREKIQIRX TPEXJSVQ JSV EPP X]TIW SJ XVEJJMG
y % LMKLP] IJJIGXMZI WSPYXMSR JSV STXMQM^MRK ,884 XVEJJMG
y % WSPYXMSR HIWMKRIH JVSQ XLI KVSYRH YT JSV LMKL WTIIH ERH TIVJSVQERGI
3FNIGXMZIW
] XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS
y -HIRXMJ] XLI 2IX7GEPIV LEVH[EVI GSQTSRIRXW
y -HIRXMJ] HITPS]QIRX WGIREVMSW
y -HIRXMJ] HITPS]QIRX GSRWMHIVEXMSRW
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
-RXVSHYGXMSR XS XLI 2IX7GEPIV 7]WXIQ
8LI 2IX7GEPIV W]WXIQ MW ER MRXIKVEXIH ;IF ETTPMGEXMSR HIPMZIV] GSRXVSPPIV XLEX WPEWLIW WIVZIV ERH
FERH[MHXL VIUYMVIQIRXW GYXXMRK XLI GSWXW SJ HIPMZIVMRK IRXIVTVMWI ETTPMGEXMSRW MR LEPJ 8LI
2IX7GEPIV W]WXIQ KMZIW -8 QEREKIVW XLI EFMPMX] XS MRWXERXP] XET YRVIEPM^IH IJJMGMIRG] KEMRW EGVSWW EPP
TLEWIW SJ XLI ETTPMGEXMSR PMJIG]GPI [MXLSYX LEZMRK XS FIGSQI ETTPMGEXMSR ITIVXW
8LI 2IX7GEPIV W]WXIQ JYRGXMSRW EW ER ETTPMGEXMSR EGGIPIVEXSV XLVSYKL GEGLMRK ERH ,884
GSQTVIWWMSR ERH TVSZMHIW EHZERGIH QEREKIQIRX XLVSYKL PE]IV  PSEHFEPERGMRK ERH GSRXIRX
W[MXGLMRK JYRGXMSRW 8LI 2IX7GEPIV EPWS MRGPYHIW ETTPMGEXMSR WIGYVMX] YWMRK E ;IF ETTPMGEXMSR
JMVI[EPP MRGPYHMRK 4'-((7 WIGYVMX] QERHEXIH TVSXIGXMSRW ERH 770 :42 8LI 2IX7GEPIV W]WXIQ
SJJPSEHW ETTPMGEXMSR ERH ;IF WIVZIVW XS IRWYVI ETTPMGEXMSR EZEMPEFMPMX] MRGVIEWIH WIGYVMX] XLVSYKL
770 ERH WIVZIV GSRWSPMHEXMSR -X VIHYGIW XLI XSXEP GSWX SJ S[RIVWLMT SJ ;IF ETTPMGEXMSR HIPMZIV]
ERH STXMQM^MRK XLI YWIV ITIVMIRGI
2IX7GEPIV *YRGXMSREPMX]
2IX7GEPIV GSRXIRX W[MXGLMRK ERH PSEH FEPERGMRK HVEQEXMGEPP] MQTVSZI XLI XLVSYKLTYX ERH WGEPEFMPMX]
SJ ER -RXIVRIX ETTPMGEXMSR MRJVEWXVYGXYVI F] HIGSYTPMRK IEGL ETTPMGEXMSR VIUYIWXVIWTSRWI JPS[ JVSQ
XLI YRHIVP]MRK XVERWTSVX 'SRXIRX W[MXGLMRK ERH PSEH FEPERGMRK IRWYVI XLI QSWX IJJMGMIRX YWI SJ
XVERWTSVX TVSXSGSPW ERH VIWSYVGIW IZIR MR E WGIREVMS MR [LMGL EPP SJ XLI GSRXIRX MW IRGV]TXIH SV
GSQTVIWWIH
8LI 2IX7GEPIV W]WXIQ QEREKIW XLI GSQTPIXI PMJIG]GPI SJ XLI VIUYIWXVIWTSRWI XVERWEGXMSR ;MXL XLMW
QEREKIQIRX XLI 2IX7GEPIV W]WXIQ MW YRMUYIP] IUYMTTIH XS HMVIGX ERH GSRXVSP ETTPMGEXMSR VIUYIWXW
QSWX IJJMGMIRXP] JVSQ XLI GPMIRX XS XLI WIVZIV ERH FEGO EKEMR
'SRRIGXMSR QYPXMTPIMRK
EPWS ORS[R EW GSRRIGXMSR VIYWI
 EPPS[W XLI WIVZIVW XS LERHPI WMKRMJMGERXP]
JI[IV GSRRIGXMSRW XLER EVI VIGIMZIH F] XLI 2IX7GEPIV W]WXIQ 8LI QSVI IJJMGMIRX YWI SJ XLI ,884
WTIGMJMGEXMSR TVSZMHIW E WMKRMJMGERX FSSWX XS XLI IJJIGXMZI GETEGMX] SJ XLI WIVZIV F] VIHYGMRK WIVZIV
'49 PSEH ;MXL XLMW WITEVEXMSR XLI 2IX7GEPIV W]WXIQ GER YWI XLI 8'4 TVS] EVGLMXIGXYVI XS
QYPXMTPI ERH VIYWI XLI WIVZIVWMHI 8'4 GSRRIGXMSR MRHITIRHIRXP] JVSQ E GPMIRXWMHI GSRRIGXMSR
8LMW VIYWI SJ IWXEFPMWLIH ERH MHPI WIVZIVWMHI 8'4 GSRRIGXMSRW VIHYGIW XLI 8'4 SZIVLIEH SR ;IF
WIVZIVW
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4PERRMRK E 2IX7GEPIV (ITPS]QIRX
8LI 2IX7GEPIV W]WXIQ GER FI HITPS]IH MR XLI JSPPS[MRK RIX[SVO GSRJMKYVEXMSRW
3RI%VQ 1SHI
8LI JMKYVI HITMGXW E SRIEVQ QSHI GSRJMKYVEXMSR 8LI GPMIRX QYWX EGGIWW XLI WIVZIV XLVSYKL E
ZMVXYEP -4
:-4
 EHHVIWW GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ
% SRIEVQ QSHI GSRJMKYVEXMSR EPPS[W
y % WMQTPI GSRJMKYVEXMSR [MXL SRI TL]WMGEP MRXIVJEGI ERH RS VMWO SJ FVMHKI PSSTW
y 3RI SV QER] :0%2W [MXL U XEKKMRK
y 0MRO EKKVIKEXMSR XS WEXMWJ] FERH[MHXL VIUYMVIQIRXW
3RIEVQ GSRJMKYVEXMSRW EVI RSX VIGSQQIRHIH
y ;LIR E WIVZIV RIIHW XS WII XLI EGXYEP -4 EHHVIWW SJ XLI GPMIRX ERH XLI HIJEYPX KEXI[E] SJ XLI
WIVZIV GERRSX FI GLERKIH XS ER -4 EHHVIWW SR XLI 2IX7GEPIV W]WXIQ
y ;LIR XLI WIVZIVW EVI EGGIWWIH HMVIGXP] ERH XLI HIJEYPX KEXI[E] LEW FIIR GLERKIH XS XLI
2IX7GEPIV W]WXIQ E WMXYEXMSR XLEX MW WSQIXMQIW EHHVIWWIH [MXL XLI YWI SJ REQIFEWIH WIVZMGIW
ERH ITPMGMX WIVZIV HIJMRMXMSRW
8[S%VQ 1SHI
8LI JMKYVI HITMGXW E X[SEVQ QSHI GSRJMKYVEXMSR 8LI ETTPMERGI MW TPEGIH FIX[IIR X[S PE]IV
W[MXGLIW [MXL SRI RIX[SVO MRXIVJEGI SR XLI ETTPMERGI GSRRIGXIH XS XLI GPMIRX RIX[SVO ERH ERSXLIV
RIX[SVO MRXIVJEGI GSRRIGXIH XS XLI WIVZIV RIX[SVO
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
8[SEVQ QSHI LEW XLI JSPPS[MRK FIRIJMXW
y -X EPPS[W PE]IV
VSYXIH
 HITPS]QIRXW [MXL WTPMX WYFRIXW
y -X EPPS[W PE]IV
FVMHKIH
 HITPS]QIRXW [MXL SRI WYFRIX SR IEGL WMHI
y -X WYTTSVXW XVERWTEVIRX GSQTVIWWMSR ERH 770 SJJPSEH
y -X WYTTSVXW 9WI 7SYVGI -4
97-4
 EHHVIWW TVSGIWWMRK [MXLSYX WIVZIV GLERKIW
8[SEVQ XSTSPSKMIW [SVO MR WSQI WMXYEXMSRW MR [LMGL SRIEVQ HSIW RSX [SVO ;MXL X[SEVQ
QSHI ]SY GER YWI XLI 2IX7GEPIV W]WXIQ XS VSYXI WSQI XVEJJMG EW [IPP EW XS FEPERGI PSEH
-RPMRI 1SHI
-RPMRI QSHI MW E WTIGMEP GEWI SJ X[SEVQ QSHI -R MRPMRI QSHI QYPXMTPI RIX[SVO MRXIVJEGIW EVI
GSRRIGXIH XS HMJJIVIRX )XLIVRIX WIKQIRXW ERH XLI 2IX7GEPIV ETTPMERGI MW TPEGIH FIX[IIR XLI GPMIRXW
ERH XLI WIVZIVW 8LI SRP] VSYXI MW XLVSYKL XLI 2IX7GEPIV ETTPMERGI
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
(ITPS]QIRX 7GIREVMSW
8LI 2IX7GEPIV W]WXIQ GER FI MRXIKVEXIH MRXS ER] RIX[SVO IMXLIV EW E GSQTPIQIRX XS IMWXMRK PSEH
FEPERGIVW WIVZIVW GEGLIW SV JMVI[EPPW SV EW E WXERHEPSRI WSPYXMSR GETEFPI SJ TVSZMHMRK SRI SV QSVI
SJ XLSWI JYRGXMSREPMXMIW % WYGGIWWJYP 2IX7GEPIV HITPS]QIRX VIUYMVIW TPERRMRK JSV XLI GSVVIGX
HITPS]QIRX X]TI EW [IPP EW E JYPP QMKVEXMSR SJ GYVVIRX RIX[SVO JYRGXMSRW
2IX7GEPIV HITPS]QIRX STXMSRW MRGPYHI
y *PI XIRERG]
y (MWTPEGIQIRX
y 2I[ XIGLRSPSK]
*PI 8IRERG]
8LI JMKYVI MPPYWXVEXIW E JPI XIRERG] HITPS]QIRX WGIREVMS 2IX7GEPIV TL]WMGEP ERH ZMVXYEP ETTPMERGIW
GER FI YWIH XSKIXLIV MR E X[SXMIV EVGLMXIGXYVIE JPIXIRERG] EVGLMXIGXYVI[MXL IEGL XMIV HIHMGEXIH
XS QEREKMRK WTIGMJMG EGXMSRW -R XLI JMKYVI XLI JPI XIRERG] EVGLMXIGXYVI WIKQIRXW ;IF ETTPMGEXMSR
HITPS]QIRX HIPMZIV] WIVZMGIW MRXS X[S XMIVW WLEVIRIX[SVOWIVZMGI JPI XMIV ERH ETTPMGEXMSRWTIGMJMG
XIRERX XMIV
8LI JPI XMIV VYRW EX XLI IHKI SJ XLI HEXEGIRXIV SV ER IRXIVTVMWI RIX[SVO 8LI JPI XMIV TIVJSVQW
ETTPMGEXMSR HIPMZIV] WIVZMGIW ERH EWWSGMEXIH TSPMGMIW XLEX EVI GSQQSR ERH ETTPMIH XS EPP
ETTPMGEXMSRW
8LI XIRERX XMIV VYRW PSKMGEPP] GPSWI XS XLI ETTPMGEXMSRW [MXL IEGL XIRERX KIXXMRK MXW S[R 2IX7GEPIV
MRWXERGI 8LI XIRERX XMIV MWSPEXIW XLI ETTPMGEXMSR HIPMZIV] RIIHW XLEX ZEV] [MHIP] F] ETTPMGEXMSR
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
(MWTPEGIQIRX
8LI JMKYVI MPPYWXVEXIW E HMWTPEGIQIRX WGIREVMS -R XLI JMKYVI E 2IX7GEPIV W]WXIQ
MRWIVXIH MRPMRI
VITPEGIW ERSXLIV XVEJJMG QEREKIV 8LI 2IX7GEPIV W]WXIQ SJXIR TVSZMHIW WYTIVMSV TIVJSVQERGI ERH
QSVI GSQTIPPMRK JYRGXMSREPMX] GSQTEVIH XS XLEX SJJIVIH F] SXLIV XVEJJMG QEREKIVW
2IX7GEPIV W]WXIQW EVI HITPS]IH MR QER] WGIREVMSW XS VITPEGI SXLIV TVSHYGXW %W [MXL E RI[
HITPS]QIRX MX MW GVMXMGEP [MXL HMWTPEGIQIRX XS EREP]^I ERH HIGMHI LS[ XS VITPMGEXI XLI GYVVIRX
JYRGXMSRW SJ XLI RIX[SVO FIJSVI HITPS]QIRX (SMRK WS IRWYVIW RIX[SVO JIEXYVIW EVI TVSTIVP]
QMKVEXIH XS XLI RI[ WIXYT 2I[ JYRGXMSREPMX] MW X]TMGEPP] ITPSVIH SRP] EJXIV XLI IMWXMRK JYRGXMSRW
EVI VITPMGEXIH
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2I[ 8IGLRSPSK]
8LI JMKYVI MPPYWXVEXIW E RI[ XIGLRSPSK] HITPS]QIRX WGIREVMS MR E LMKLEZEMPEFMPMX] WGIREVMS IJSVI
WXEVXMRK E RI[ XIGLRSPSK] HITPS]QIRX ]SY WLSYPH JMVWX QET SYX XLI RIX[SVO EVGLMXIGXYVI XS
QEMQM^I XLI TPEGIQIRX SJ XLI 2IX7GEPIV W]WXIQ 4EVX SJ XLMW QETTMRK WLSYPH MRGPYHI ER EREP]WMW SJ
[LEX XLI GYVVIRX RIX[SVO JYRGXMSRW EVI ERH [LEX EHHMXMSREP 2IX7GEPIV JYRGXMSRW [MPP FI EHHIH
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1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
4VSHYGX *IEXYVIW
8LI OI] JIEXYVI WIXW SJ E 2IX7GEPIV W]WXIQ MRGPYHI
y 0S[IV XSXEP GSWX SJ S[RIVWLMT
y %TTPMGEXMSR EGGIPIVEXMSR
y %TTPMGEXMSR WIGYVMX]
y %TTPMGEXMSR EZEMPEFMPMX]
y 7MQTPI QEREKIEFMPMX]
*IEXYVI EGGIWWMFMPMX] HITIRHW SR XLI LEVH[EVI PMGIRWIW ERH WSJX[EVI SJ XLI WTIGMJMG 2IX7GEPIV
W]WXIQ
0S[IV 8SXEP 'SWX SJ 3[RIVWLMT
'MXVM 2IX7GEPIV 4E]EW=SY+VS[ MW E WMQTPI SRHIQERH PMGIRWMRK QSHIP XLEX TVSZMHIW
MRZIWXQIRX TVSXIGXMSR EZSMHW GSWXP] LEVH[EVI YTKVEHIW ERH VIHYGIW XSXEP GSWX SJ S[RIVWLMT 1SWX
RIX[SVOMRK W]WXIQW VIUYMVI ITIRWMZI LEVH[EVI VITPEGIQIRXW XS ITERH GETEGMX] ERH JYRGXMSREPMX]
[LMGL JSVGIW GSQTERMIW XS SZIVTVSZMWMSR ERH TE] JSV QSVI XLER XLI] RIIH 4E]EW=SY+VS[
PMGIRWMRK IREFPIW GSQTERMIW XS FY] SRP] [LEX XLI] RIIH XSHE] ORS[MRK XLI] GER IEWMP] WGEPI YT
XLIMV RIX[SVO EW HIQERH KVS[W [MXL E WMQTPI WSJX[EVI PMGIRWI YTKVEHI 8LI JPIMFPI PMGIRWMRK
ETTPMIW XS FSXL LMKLTIVJSVQERGI 2IX7GEPIV 14 LEVH[EVI ETTPMERGIW ERH WSJX[EVIFEWIH
2IX7GEPIV :4 ZMVXYEP ETTPMERGIW
4E]EW=SY+VS[ PMGIRWMRK MW TEVXMGYPEVP] [IPP WYMXIH XS GPSYHGSQTYXMRK IRZMVSRQIRXW -X IREFPIW
GPSYH TVSZMHIVW XS UYMGOP] ERH EJJSVHEFP] ITERH XLIMV MRJVEWXVYGXYVI EW TIVJSVQERGI ERH GETEGMX]
VIUYMVIQIRXW HMGXEXI [MXLSYX MRGYVVMRK XLI LIEZ] JMIH GSWXW ERH WIVZMGI MRXIVVYTXMSRW SJ LEVH[EVI
YTKVEHIW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV PS[IV XSXEP GSWX SJ
S[RIVWLMT
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
8'4 FYJJIVMRK   
8'4 QYPXMTPIMRK   
770 SJJPSEH ERH   
EGGIPIVEXMSR
'EGLI VIHMVIGXMSR  
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
%TTPMGEXMSR %GGIPIVEXMSR
8LI 2IX7GEPIV W]WXIQ MRGVIEWIW IRHYWIV TIVJSVQERGI F]  SV QSVI [LMPI WEZMRK SR RIX[SVO
FERH[MHXL ERH QEOMRK EYHMS ERH ZMHIS XVEJJMG YWEFPI SZIV TSSV RIX[SVOW 8LMW TIVJSVQERGI
MRGVIEWI MW EGLMIZIH XLVSYKL
y %HZERGIH QYPXMPIZIP GSQTVIWWMSR JSV  JEWXIV HIPMZIV] SJ ;IF GSRXIRX
y (]REQMG GSRXIRX GEGLMRK XS MRWXERXP] HIPMZIV JVIUYIRXP] VIUYIWXIH GSRXIRX HMVIGXP]
y )RHYWIV ITIVMIRGI QSRMXSV TVSZMHMRK XVYI XVERWTEVIRX RSRW]RXLIXMG QSRMXSVMRK SJ
ETTPMGEXMSR YWIV TIVJSVQERGI
y %YXSQEXIH 8'4 STXMQM^EXMSRW XLEX MQTVSZI TIVJSVQERGI SJ EPP 8'4FEWIH ETTPMGEXMSRW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK
ETTPMGEXMSR EGGIPIVEXMSR
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
'PMIRX ERH WIVZIV 8'4   
STXMQM^EXMSRW
'MXVM %TT'SQTVIWW   3TXMSR
JSV ,884
'MXVM %TT'EGLI  3TXMSR
'MXVM VERGL 6ITIEXIV 
TPYKMR
%TTPMGEXMSR 7IGYVMX]
8LI 2IX7GEPIV W]WXIQ TVSZMHIW ETTPMGEXMSR WIGYVMX] F] YXMPM^MRK ER EHZERGIH ;IF ETTPMGEXMSR
JMVI[EPP XS FPSGO ETTPMGEXMSR EXXEGOW ERH TVSXIGX WIRWMXMZI MRJSVQEXMSR JVSQ YREYXLSVM^IH EGGIWW
(E]^IVS EXXEGO TVSXIGXMSR ERH MRXIKVEXIH 10 WIGYVMX] TVIZIRXW XLI PSWW SJ ZEPYEFPI GSVTSVEXI ERH
GYWXSQIV HEXE ERH EMHW MR GSQTPMERGI [MXL VIKYPEXMSRW WYGL EW 4'-(77 'SQTVILIRWMZI %%%
GETEFMPMXMIW EPSRK [MXL E TS[IVJYP HMWXVMFYXIH HIRMEP SJ WIVZMGI
((S7
 WLMIPH EPPS[ WIGYVI VIQSXI
EGGIWW ERH ETTPMGEXMSR WIGYVMX] [LMPI TVIZIRXMRK YREYXLSVM^IH EGGIWW XS WIRWMXMZI MRJSVQEXMSR
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK
ETTPMGEXMSR WIGYVMX]
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
0 (S7 HIJIRWIW   
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
0 GSRXIRX JMPXIVMRK   
,884960 6I[VMXI   
%GGIWW +EXI[E] ))   
770 :42
0 (S7 HIJIRWIW  
%%% WIGYVMX]  
'MXVM %TTPMGEXMSR 
*MVI[EPP [MXL 10
WIGYVMX]
 3TXMSREP JIEXYVI
%TTPMGEXMSR %ZEMPEFMPMX]
8LI 2IX7GEPIV W]WXIQ MW ER EPPMRSRI ;IF ETTPMGEXMSR HIPMZIV] WSPYXMSR XLEX QEOIW ETTPMGEXMSRW 
FIXXIV F] EGGIPIVEXMRK TIVJSVQERGI IRWYVMRK ETTPMGEXMSR EZEMPEFMPMX] XLVSYKL EHZERGIH PE]IV 
XVEJJMG QEREKIQIRX MRGVIEWMRK WIGYVMX] [MXL ER MRXIKVEXIH ETTPMGEXMSR JMVI[EPP ERH WYFWXERXMEPP]
PS[IVMRK GSWXW F] SJJPSEHMRK WIVZIVW
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI JIEXYVIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV ETTPMGEXMSR
EZEMPEFMPMX]
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
0 PSEH FEPERGMRK   
0 GSRXIRX W[MXGLMRK   
%TT)TIVX 6EXI   
'SRXVSPW
-4Z   
+PSFEP WIVZIV PSEH   
FEPERGMRK
+70
(]REQMG VSYXMRK  
TVSXSGSPW
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
7YVKI TVSXIGXMSR  
4VMSVMX] 5YIYMRK  
 3TXMSREP JIEXYVI
7MQTPI 1EREKIEFMPMX]
8LI 2IX7GEPIV 7]WXIQ TVSZMHIW OI] JIEXYVIW JSV WMQTPI QEREKIEFMPMX]
y %TT)TIVX :MWYEP 4SPMG] YMPHIV
y %TT)TIVX 7IVZMGI 'EPPSYXW
y %TT)TIVX 8IQTPEXIW
y %TT)TIVX :MWYEPM^IVW
y 6SPIFEWIH %HQMRMWXVEXMSR
y %%% JSV %HQMRMWXVEXMSR
y 'SRJMKYVEXMSR ;M^EVHW
y 'MXVM 'SQQERH 'IRXIV
y 'MXVM )HKI7MKLX JSV 2IX7GEPIV
%TT)TIVX :MWYEP 4SPMG] YMPHIV
8LI %TT)TIVX :MWYEP 4SPMG] YMPHIV OIITW TSPMG] HIZIPSTQIRX WMQTPI ERH TSPMGMIW WYTTSVXEFPI F]
IPMQMREXMRK GSQTPI WGVMTXW SV TVSKVEQW JVSQ EPP 2IX7GEPIV TSPMGMIW
%TT)TIVX 7IVZMGI 'EPPSYXW
%TT)TIVX 7IVZMGI 'EPPSYXW SFXEMR MRJSVQEXMSR JVSQ IXIVREP ETTPMGEXMSRW 8LI GEPPSYX TSPMG] WIRHW
ER ,884 VIUYIWX XS ER IXIVREP ETTPMGEXMSR %R EKIRX HITPS]IH MR JVSRX SJ XLI ETTPMGEXMSR JSVQEXW
XLI VIUYIWX JSV XLI ETTPMGEXMSR
;LIR XLI ETTPMGEXMSR VIXYVRW E VIWTSRWI XLI EKIRX JSVQEXW XLI VIWTSRWI JSV XLI 2IX7GEPIV W]WXIQ
ERH XLI GEPPSYX TSPMG] IXVEGXW HEXE SJ MRXIVIWX JVSQ XLI VIWTSRWI *SV IEQTPI ]SY GER GSRJMKYVI E
GEPPSYX XS WIRH E GPMIRXvW WSYVGI HSQEMR XS E WIVZIV XLEX PSSOW YT FEH HSQEMRW JVSQ E PMWX ;LIR
XLI WIVZIV WIRHW E VIWTSRWI XLI GEPPSYX IXVEGXW NYWX XLI wEPPS[IHx SV wHIRMIHx TSVXMSR SJ XLI
VIWTSRWI
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
%TT)TIVX 8IQTPEXIW
%TT)TIVX 8IQTPEXIW IRGETWYPEXI XLI IRXMVI 2IX7GEPIV GSRJMKYVEXMSR JSV E WTIGMJMG ETTPMGEXMSR MRXS E
PSKMGEP ZMI[ 3RKSMRK GLERKIW XS GSRJMKYVEXMSR ERH TSPMGMIW GER EPWS FI QEHI JVSQ XLMW ZMI[
%TT)TIVX 8IQTPEXIW GER FI MQTSVXIH ERH ITSVXIH IREFPMRK GSQTPIXI 2IX7GEPIV GSRJMKYVEXMSRW XS
FI PSEHIH JSV XLI STXMQM^EXMSR SJ WTIGMJMG ETTPMGEXMSRW -QTSVXITSVX EPWS QEOIW MX IEW] XS WLEVI
ETTPMGEXMSRWTIGMJMG GSRJMKYVEXMSR [MXLMR ERH FIX[IIR SVKERM^EXMSRW ERH XS QSZI ETTPMGEXMSR
WTIGMJMG GSRJMKYVEXMSRW FIX[IIR HMJJIVIRX W]WXIQW
%TT)TIVX :MWYEPM^IVW
8LI JSPPS[MRK WXEXMWXMGEP MRJSVQEXMSR JSV GSRXIRX W[MXGLMRK PSEH FEPERGMRK ERH ETTPMGEXMSR IRXMXMIW
GER FI ZMI[IH MR XLI :MWYEPM^IV
y 'SRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIVW  8LI RYQFIV SJ VIUYIWXW VIGIMZIH TIV
WIGSRH EX E KMZIR TSMRX MR XMQI EX GSRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIV RSHIW MW
HMWTPE]IH SR XLI ZMVXYEP WIVZIV RSHI MR XLI :MWYEPM^IV
y 6I[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW  8LI RYQFIV SJ LMXW TIV WIGSRH EX E KMZIR TSMRX MR XMQI
JSV VI[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW MW HMWTPE]IH SR XLI VI[VMXI VIWTSRHIV ERH GEGLI
TSPMG] RSHIW MR XLI :MWYEPM^IV
6SPIFEWIH %HQMRMWXVEXMSR
6SPIFEWIH EHQMRMWXVEXMSR KVERYPEVP] WIKQIRXW EHQMRMWXVEXMZI TVMZMPIKI SR E 2IX7GEPIV W]WXIQ
%%% JSV %HQMRMWXVEXMSR
8LI JSPPS[MRK %YXLIRXMGEXMSR %YXLSVM^EXMSR %YHMXMRK
%%%
 JIEXYVIW EVI IRLERGIH MR XLMW VIPIEWI
*SVQWEWIH 7MRKPI 7MKR 8LI 2IX7GEPIV W]WXIQ RS[ WYTTSVXW JSVQWFEWIH WMRKPI WMKRSR XS
3R
773
 EPP WIVZMGIW 8LMW JYRGXMSREPMX] EPPS[W ]SY XS GSRJMKYVI TSPMGMIW JSV
EYXSQEXMG WYFQMWWMSR SJ [IF JSVQW F] YWMRK XLI YWIV GVIHIRXMEPW
YWIH JSV PSKKMRK MR XS 2IX7GEPIV SV :42
7MRKPI 7MKR3R
773
 %R 773 HSQEMR LEW FIIR EHHIH MR XLI XMQISYX WIWWMSR TEVEQIXIV
(SQEMR MR 8MQISYX ERH XLI XMQISYX WIWWMSR EGXMSR XS FI YWIH JSV JSVQFEWIH WMRKPI
7IWWMSR 4EVEQIXIV ERH WMKRSR
8MQISYX 7IWWMSR %GXMSR
773 XS 7IVZMGIW 7YTTSVX 8LI 2IX7GEPIV W]WXIQ WYTTSVXW WMRKPI WMKRSR
773
 EYXLIRXMGEXMSR
JSV FEWIH FEWMG HMKIWX ERH 2801 EYXLIRXMGEXMSR MR %%%
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
'SRJMKYVEXMSR ;M^EVHW
'SRJMKYVEXMSR [M^EVHW WMQTPMJ] XLI WIXYT SJ PSEH FEPERGMRK +70 )HKI7MKLX JSV 2IX7GEPIV ERH
WIGYVI VIQSXI EGGIWW ERH EZEMPEFMPMX] JSV 'MXVM IR%TT
'MXVM 'SQQERH 'IRXIV
'MXVM 'SQQERH 'IRXIV MW E QEREKIQIRX ERH QSRMXSVMRK WSPYXMSR JSV 'MXVM ETTPMGEXMSR
RIX[SVOMRK TVSHYGXW XLEX MRGPYHI 'MXVM 2IX7GEPIV 'MXVM VERGL 6ITIEXIV ERH 'MXVM 6ITIEXIV 8LI
'SQQERH 'IRXIV EPPS[W ]SY XS QEREKI QSRMXSV ERH XVSYFPIWLSSX XLI IRXMVI KPSFEP ETTPMGEXMSR
HIPMZIV] MRJVEWXVYGXYVI JVSQ E WMRKPI YRMJMIH GSRWSPI
'MXVM )HKI7MKLX JSV 2IX7GEPIV
)HKI7MKLX JSV 2IX7GEPIV QSRMXSVW ;IF ETTPMGEXMSRW JVSQ XLI TIVWTIGXMZI SJ XLI GPMIRX TVSZMHMRK
VIEPXMQI ERH LMWXSVMG ZMWMFMPMX] MRXS ;IF ETTPMGEXMSR TIVJSVQERGI
)HKI7MKLX JSV 2IX7GEPIV
y -RGVIEWIW ZMWMFMPMX] MRXS XLI YWIV TIVGITXMSR SJ ;IF ETTPMGEXMSR VIWTSRWI XMQI
y 8VEGOW ERH VITSVXW ;IF ETTPMGEXMSR TIVJSVQERGI SZIV XMQI GSQTEVMRK GYVVIRX TIVJSVQERGI XS
LMWXSVMGEP XVIRHW
y 6IUYMVIW RS EKIRX SV GPMIRX WSJX[EVI SR YWIV HIZMGIW
y %WWMWXW MR XVSYFPIWLSSXMRK FSXXPIRIGOW
y 9WIW ,810MRNIGXIH HEXE JSV QIEWYVMRK ETTPMGEXMSR TIVJSVQERGI
;IF  3TXMQM^EXMSR
2IX7GEPIV  MRXVSHYGIW FMX WLEVIHQIQSV] GEGLMRK ,MKLIRH 2IX7GEPIV 14 TPEXJSVQW GER
TVSZMHI YT XS  + SJ QIQSV] GEGLI GETEGMX] XS GEGLI PEVKI ZMHIS JMPIW EX XLI WIVZMGI TVSZMHIV
IHKI SV XS SJJPSEH FEGOIRH WIVZIVW (IPMZIV] SJ ;IF  ETTPMGEXMSRW EVI STXMQM^IH [MXL RI[ *EWX
10 4EXL WYTTSVX [LMGL IREFPIW LMKLTIVJSVQERGI FYWMRIWW PSKMG VSYXMRK YWMRK HIIT 10
TE]PSEH MRWTIGXMSR
8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV ;IF 
STXMQM^EXMSR
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
6MGL -RXIVRIX   
ETTPMGEXMSR WYTTSVX
10 4EXL WYTTSVX   
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
*IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR
%HZERGIH WIVZIV  
SJJPSEH
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
,EVH[EVI 4PEXJSVQW
8LI HMJJIVIRX LEVH[EVI TPEXJSVQW GYVVIRXP] [MXLMR XLI 'MXVM 2IX7GEPIV TVSHYGX PMRI MRGPYHI
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV 14  *-47
y 2IX7GEPIV 14 
y 2IX7GEPIV 14 
y 2IX7GEPIV :4 
)EGL 2IX7GEPIV TPEXJSVQ LEW HMJJIVIRX QIEWYVIH GETEGMXMIW JSV W]WXIQ XLVSYKLTYX 770 XLVSYKLTYX
ERH GSQTVIWWMSR XLVSYKLTYX 8LI QIEWYVIH TIEO XLVSYKLTYX JSV IEGL QSHIP MW FEWIH SR ER
STXMQM^IH GSRJMKYVEXMSR
2IX7GEPIV 14 
8LI 2IX7GEPIV 14  TPEXJSVQW WYTTSVX XLI 4PEXMRYQ )RXIVTVMWI ERH
7XERHEVH )HMXMSRW
14  14  14  14 
,IMKLX 9 9 9 9
4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP
4VSGIWWSV (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR
GSVIW
GSVIW
GSVIW
GSVIW
XSXEP
 XSXEP
 XSXEP
 XSXEP
1IQSV]  +  +  +  +
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
14  14  14  14 
)XLIVRIX TSVXW  +%7)  +%7)  +%7)
 +%7)
7*4 7*4 7*4
*4
36
 +%7)
*4
%2(
 
%7)8
8VERWGIMZIV +) 7*4 76 +) 7*4 76 +) 7*4 76 +) *4 76 06
WYTTSVX 06 06 06
4E]EW=SY+VS[ 9TKVEHI STXMSR XS 9TKVEHI STXMSR XS
WSJX[EVI YTKVEHI 14  14  ERH
14 
7]WXIQ  +FTW  +FTW  +FTW  +FTW
XLVSYKLTYX
,884 VIUYIWXW WIG WIG WIG WIG
770 XVERWEGXMSRW WIG WIG WIG WIG
770 XLVSYKLTYX  +FTW  +FTW  +FTW  +FTW
'SQTVIWWMSR  +FTW  +FTW  +FTW  +FTW
XLVSYKLTYX
770 :42    
GSRGYVVIRX YWIVW
2IX7GEPIV 14 
8LI 2IX7GEPIV 14  TPEXJSVQW WYTTSVX XLI 4PEXMRYQ ERH )RXIVTVMWI
)HMXMSRW
14  14  14  14 
,IMKLX 9 9 9 9
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
14  14  14  14 
4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP
4VSGIWWSV (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR
)
GSVIW )
GSVIW )
GSVIW )
GSVIW
XSXEP
 XSXEP
 XSXEP
 XSXEP
1IQSV]  +  +  +  +
)XLIVRIX TSVXW
   +%7)    
%7)8 *4 %7)8 %7)8
%2( %2( %2( %2(
 %7)    %7)  %7)
7*4
JMFIV SV %7)8 7*4
JMFIV SV 7*4
JMFIV SV
GSTTIV
 GSTTIV
 GSTTIV
36 36 36
 +%7)  +%7)  +%7)
7*4 7*4 7*4
%2( %2( %2(
 %7)  %7)  %7)
7*4
JMFIV SV 7*4
JMFIV SV 7*4
JMFIV SV
GSTTIV
 GSTTIV
 GSTTIV
8VERWGIMZIV +) 7*4 76 +) 7*4 76 +) 7*4 76 +) 7*4 76
WYTTSVX 06  +) 7*4 7 06 06  +) 7*4 7 06  +) 7*4 7
0 0 0
4E]EW=SY+VS[ 9TKVEHI STXMSR XS 9TKVEHI STXMSR XS
WSJX[EVI YTKVEHI 14  14  ERH
14 
7]WXIQ  +FTW  +FTW  +FTW  +FTW
XLVSYKLTYX
,884 VIUYIWXW WIG WIG WIG WIG
770 XVERWEGXMSRW WIG WIG WIG WIG
770 XLVSYKLTYX  +FTW  +FTW  +FTW  +FTW
'SQTVIWWMSR  +FTW  +FTW  +FTW  +FTW
XLVSYKLTYX
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
14  14  14  14 
770 :42    
GSRGYVVIRX YWIVW
2IX7GEPIV 14   *-4714 :4

8LI 2IX7GEPIV 14  *-4714 :4  TPEXJSVQW WYTTSVX XLI
4PEXMRYQ )RXIVTVMWI ERH 7XERHEVH )HMXMSRW
14   *-47 14  14  :4


,IMKLX 9 9 9 9 2%
4S[IV 7YTTPMIW 7MRKPI TPYW (YEP 7MRKPI TPYW 7MRKPI SRP] (ITIRHIRX SR
STXMSREP STXMSREP WIVZIV TPEXJSVQ
WIGSRH WYTTP] WIGSRH WYTTP] GLSWIR
4VSGIWWSV -RXIP ISR -RXIP ISR -RXIP ISR -RXIP ISR 1MRMQYQ
0
GSVIW ) +,^
0
GSVIW )
GSVIW 7IVZIV
XSXEP
 GSVI
 XSXEP
 XSXEP
 6IUYMVIQIRXW
(YEP GSVI
WIVZIV [MXL
-RXIP :8 SV
%1(:
'MXVM
IR7IVZIV
YTHEXI  SV
FIXXIV
:1;EVI
)7)7M 
SV LMKLIV
 + 6%1
+ LEVH HVMZI
,]TIVZMWSV
WYTTSVXIH 2-'
 'ST]VMKLX  'MXVM 7]WXIQW -RG 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
14   *-47 14  14  :4


1IQSV]  +  +  +  +
)XLIVRIX TSVXW  
  %7) 
%7)8
 7 7*4
JMFIV 
%7)8 SV STXMGEP
 %7)8
36 36 36
   
 %7)8 
%7)8 %7)8
%2( %2(
 %7)  %7)
 7*4
JMFIV SV 8
GSTTIV
%2(
 %7)
 7*4
JMFIV
ERH GSTTIV
8VERWGIMZIV 7 0 7 0 7 0
WYTTSVX
4E]EW=SY 9TKVEHI
+VS[ WSJX[EVI STXMSR XS 14
YTKVEHI 
7]WXIQ  +FTW  +FTW  +FTW  +FTW 9T XS 
XLVSYKLTYX +FTW
,884 VIUYIWXW WIG WIG WIG WIG 9T XS
WIG
770 WIG WIG WIG WIG 9T XS WIG
XVERWEGXMSRW
770  +FTW  +FTW  +FTW  +FTW 9T XS 
XLVSYKLTYX +FTW
'SQTVIWWMSR  +FTW  +FTW  +FTW  +FTW 9T XS 
XLVSYKLTYX +FTW
 1SHYPI  -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX  'MXVM 7]WXIQW -RG
14   *-47 14  14  :4


770 :42     9T XS 
GSRGYVVIRX
YWIVW
R'SVI
'MXVM 2IX7GEPIV R'SVI XIGLRSPSK] HVEQEXMGEPP] MRGVIEWIW XLI TIVJSVQERGI ERH WGEPEFMPMX] SJ
2IX7GEPIV EX RS EHHMXMSREP GSWX R'SVI XIGLRSPSK] FVIEOW XLI WMRKPI '49 TIVJSVQERGI FEVVMIV XLEX
PMQMXW XLI TIVJSVQERGI WGEPEFMPMX] ERH IXIRWMFMPMX] SJ QSWX ;IF WSPYXMSRW -X MW E XVYI FMX
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Basic administration netscaler cns 203-3 i
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  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 18. 7]RGLVSRM^MRK E +70 'SRJMKYVEXMSR +70 7MXI 'SQQYRMGEXMSR )EQTPI 6IZMI[ 1SHYPI1SHYPI 9WMRK9WMRK %TT)TIVX%TT)TIVX 'PEWWMG'PEWWMG XSXS 3TXMQM^I3TXMQM^I 8VEJJMG8VEJJMG 3ZIVZMI[ 4SPMG] 3ZIVZMI[ 4SPMG] EWMGW EWMG 4SPMG] 'SQTSRIRXW %HZERGIH 4SPMG] 9WIW 4SPMG] MRHMRKW 4SPMG] 4VMSVMXMIW ,]TIVXIX 8VERWJIV 4VSXSGSP ,884 6IUYIWX ,IEHIVW ,884 6IWTSRWI ,IEHIVW ,884 ,IEHIV 7IXXMRKW )TVIWWMSR 7XVYGXYVIW %ZEMPEFPI 5YEPMJMIVW JSV ,884 8VEJJMG %ZEMPEFPI 5YEPMJMIVW JSV 2SR,884 8VEJJMG %ZEMPEFPI 3TIVEXSVW ;MPHGEVHW 'SRXIX7IRWMXMZI *MIPHW 7MQTPI )TVIWWMSRW 'SQTSYRH )TVIWWMSRW 'SRXIRX *MPXIVMRK 'SRXIRX *MPXIVMRK %GXMSRW 'SRXIRX *MPXIVMRK 6YPIW 9WIV(IJMRIH *MPXIV %GXMSRW -RXVSHYGXMSR XS 'SQTVIWWMSR 'SQTVIWWMSR 4VSGIWW 'SQTVIWWMSR 'SRWMHIVEXMSRW 'SQTVIWWMSR 6IWTSRWIW 'SQTVIWWMSR 4EVEQIXIVW 'SQTVIWWMSR 4SPMGMIW 'SQTVIWWMSR %GXMSRW 6IZMI[ 5YIWXMSRW 1SHYPI1SHYPI 9WMRK9WMRK %TT)TIVX%TT)TIVX JSVJSV 6IWTSRHIV6IWTSRHIV 6I[VMXI6I[VMXI ERHERH 960960 8VERWJSVQ8VERWJSVQ 3ZIVZMI[ 9RHIVWXERHMRK 4EGOIX 4VSGIWWMRK *PS[ 9RHIVWXERHMRK 4SPMGMIW 4SPMG] 4VSGIWW )ZEPYEXMSR *PS[ -HIRXMJ]MRK %HZERGIH 4SPMG] )TVIWWMSRW %HZERGIH 4SPMG] )TVIWWMSR 7]RXE %GXMSRW  'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 24. 'MXVM QEOIW RS VITVIWIRXEXMSRW SV [EVVERXMIW [MXL VIWTIGX XS XLI GSRXIRX SV YWI SJ XLMW TYFPMGEXMSR 'MXVM WTIGMJMGEPP] HMWGPEMQW ER] ITVIWWIH SV MQTPMIH [EVVERXMIW QIVGLERXEFMPMX] SV JMXRIWW JSV ER] TEVXMGYPEV TYVTSWI 'MXVM VIWIVZIW XLI VMKLX XS QEOI ER] GLERKIW MR WTIGMJMGEXMSRW ERH SXLIV MRJSVQEXMSR GSRXEMRIH MR XLMW TYFPMGEXMSR [MXLSYX TVMSV RSXMGI ERH [MXLSYX SFPMKEXMSR XS RSXMJ] ER] TIVWSR SV IRXMX] SJ WYGL VIZMWMSRW SV GLERKIW  'ST]VMKLX 'MXVM 7]WXIQW -RG %PP 6MKLXW 6IWIVZIH 2S TEVX SJ XLMW TYFPMGEXMSR QE] FI VITVSHYGIH SV XVERWQMXXIH MR ER] JSVQ SV F] ER] QIERW IPIGXVSRMG SV QIGLERMGEP MRGPYHMRK TLSXSGST]MRK VIGSVHMRK SV MRJSVQEXMSR WXSVEKI ERH VIXVMIZEP W]WXIQW JSV ER] TYVTSWI SXLIV XLER XLI TYVGLEWIVvW TIVWSREP YWI [MXLSYX ITVIWW [VMXXIR TIVQMWWMSR SJ 'MXVM 7]WXIQW -RG ;IWX ']TVIWW 'VIIO 6SEH *SVX 0EYHIVHEPI *0 LXXT[[[GMXVMGSQ 8LI JSPPS[MRK QEVOW EVI WIVZMGI QEVOW XVEHIQEVOW SV VIKMWXIVIH XVEHIQEVOW SJ XLIMV VIWTIGXMZI S[RIVW MR XLI 9RMXIH 7XEXIW ERH SXLIV GSYRXVMIW 1EVO 3[RIV %GXMZI (MVIGXSV]’ 1MGVSWSJX’ 7LEVI4SMRX’ 1MGVSWSJX 'SVTSVEXMSR ;MRHS[W’ %TEGLI’ %TEGLI 7SJX[EVI *SYRHEXMSR %TT'EGLI} %TT'SQTVIWW} 'MXVM’ 'MXVM 'MXVM 7]WXIQW -RG %GGIWW +EXI[E]} 'MXVM %TTPMGEXMSR *MVI[EPP} )HKI7MKLX’ 2IX7GEPIV’ 6IUYIWX 7[MXGLMRK’ VERGL 6ITIEXIV} '14} '14 1IHME -RG *VII7(’ *VII7( *SYRHEXMSR 3TIR:MI[’ ,I[PIXX4EGOEVH 'SQTER] -RXIP’ -RXIP 'SVTSVEXMSR 0MRY’ 0MRYW 8SVZEPHW 77,’ 77, 'SQQYRMGEXMSRW 7IGYVMX] 'SVT
  • 25. 1EVO 3[RIV .EZE’ 7YR 1MGVSW]WXIQW -RG ;LEXW9T’ -TW[MXGL -RG 3XLIV TVSHYGX ERH GSQTER] REQIW QIRXMSRIH LIVIMR QMKLX FI XLI WIVZMGI QEVOW XVEHIQEVOW SV VIKMWXIVIH XVEHIQEVOW SJ XLIMV VIWTIGXMZI S[RIVW MR XLI 9RMXIH 7XEXIW ERH SXLIV GSYRXVMIW
  • 26. 'SRZIRXMSRW 8LMW GSYVWI[EVI YWIW XLI JSPPS[MRK X]TSKVETLMG GSRZIRXMSRW XS IQTLEWM^I MRJSVQEXMSR 'SRZIRXMSR 9WEKI 944)6'%7) y 'SQQERHW WYGL EW (-6 ERH '34= y *MPIREQIW WYGL EW %983))'%8 ERH 7)894)) y *MPIREQI IXIRWMSRW WYGL EW '31 ERH -2- y (VMZI PIXXIVW WYGL EW % ERH ' 'EWI WIRWMXMZI MXIQW EVI XLI SRP] IGITXMSR XS XLI YWEKI PMWXIH PS[IVGEWI y 'SQQERH PMRI TEVEQIXIVW WYGL EW [ ERH V y 960 EHHVIWWIW WYGL EW LXXTJMRERGI]ELSSGSQ y -RXIVRIX EHHVIWWIW WYGL EW [[[GMXVMGSQ y (SQEMR REQIW WYGL EW IHYGEXMSRGXW y )QEMP EHHVIWWIW WYGL EW XVEMRMRK$GMXVMGSQ 'EWI WIRWMXMZI MXIQW EVI XLI SRP] IGITXMSR XS XLI YWEKI PMWXIH SPH -RMXMEP 'ETMXEPM^EXMSR y ;SVHW SV XIVQW XLEX EVI HIJMRIH y -RXIVJEGI MXIQW XLEX EVI WIPIGXIH HIWIPIGXIH GPMGOIH HSYFPIGPMGOIH SV VMKLXGPMGOIH WYGL EW STXMSRW ERH QIRY MXIQW MR PEF IIVGMWIW ERH TVSGIHYVIW 'EWI WIRWMXMZI MXIQW EVI XLI SRP] IGITXMSR XS XLI YWEKI PMWXIH -8%0-' 944)6'%7) y % ZEVMEFPI MR E W]WXIQ REQI WYGL EW 4VSZ7IVZ ERH 8EVKIX(IZMGI y % ZEVMEFPI MR E YWIV REQI WYGL EW 9WIV ERH %HQMR
  • 27. 'SRZIRXMSR 9WEKI MXEPMG PS[IVGEWI y :EVMEFPI HVMZI PIXXIVW WYGL EW ^ ERH y :EVMEFPI HMVIGXSV] REQIW WYGL EW W]WXIQVSSX ERH HMVCREQI 'EWI WIRWMXMZI MXIQW EVI XLI SRP] IGITXMSR XS XLI YWEKI PMWXIH -GSR )TPEREXMSR 8LI RSXI MGSR MHIRXMJMIW EHHMXMSREP VIPIZERX MRJSVQEXMSR 8LI MQTSVXERX MGSR MHIRXMJMIW TVIVIUYMWMXI MRJSVQEXMSR JSV E KMZIR XEWO 8LI XMT MGSR MHIRXMJMIW MRJSVQEXMSR XLEX GER WEZI XMQI ERH IJJSVX 8LI [EVRMRK MGSR MHIRXMJMIW MRJSVQEXMSR XLEX QYWX FI LIIHIH MR SVHIV XS TVIZIRX LEVQ XS W]WXIQW SV YWIVW
  •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
  • 29.  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 30. 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  • 31.  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 32. 3ZIVZMI[ 8LMW QSHYPI TVSZMHIW ]SY [MXL XLI STTSVXYRMX] XS QIIX ]SYV JIPPS[ WXYHIRXW ERH FIGSQI JEQMPMEV [MXL XLI JEGMPMXMIW GSYVWI QEXIVMEPW ERH SXLIV 'MXVM SJJIVMRKW 7XYHIRX -RXVSHYGXMSRW ;LIR EWOIH F] XLI MRWXVYGXSV MRXVSHYGI ]SYVWIPJ XS XLI GPEWW -RGPYHI XLI JSPPS[MRK MRJSVQEXMSR y 2EQI ERH GSQTER] y .SF XMXPI y .SF VIWTSRWMFMPMX] y 2IX[SVOMRK ERH PSEH FEPERGMRK ITIVMIRGI y 'MXVM LEVH[EVI ERH WSJX[EVI ITIVMIRGI y 'PEWW ITIGXEXMSRW *EGMPMXMIW 9WI XLI JSPPS[MRK WTEGI XS HSGYQIRX HIXEMPW EFSYX XLI JEGMPMXMIW GPEWWVSSQ TSPMGMIW ERH GSRXEGX MRJSVQEXMSR y 'PEWW TSPMGMIW y VIEO ERH PYRGL WGLIHYPIW y )QIVKIRG] GSRXEGX MRJSVQEXMSR y 4EVOMRK 'SYVWI 1EXIVMEPW 8LI JSPPS[MRK QEXIVMEPW EVI MRGPYHIH [MXL ]SYV WXYHIRX OMX y 2EQI GEVH ;VMXI ]SYV REQI SR FSXL WMHIW SJ XLI REQI GEVH WS WXYHIRXW MR JVSRX ERH FILMRH ]SY [MPP ORS[ [LS ]SY EVI y 7XYHIRX QERYEP 9WI XLI WXYHIRX QERYEP XS JSPPS[ EPSRK [MXL XLI MRWXVYGXSV ERH XS HSGYQIRX RSXIW HYVMRK XLI GPEWW %JXIV XLI GPEWW XEOI XLI WXYHIRX QERYEP [MXL ]SY ERH YWI MX EW E VIJIVIRGI y )IVGMWI QERYEP 9WI XLI IIVGMWI QERYEP XS TIVJSVQ XLI PEF IIVGMWIW %JXIV XLI GPEWW XEOI XLI IIVGMWI QERYEP [MXL ]SY ERH YWI MX EW E VIJIVIRGI y 3RPMRI 7XYHIRX 6IWSYVGI 9WI XLI 3RPMRI 7XYHIRX 6IWSYVGIW XS EGGIWW VIJIVIRGI QEXIVMEPW ERH PMROW EJXIV XLI EXXIRHMRK XLI GPEWW  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  • 33. 'SYVWI 4VIVIUYMWMXIW 8S GSQTPIXI XLMW GSYVWI WYGGIWWJYPP] ]SY QYWX LEZI XLI JSPPS[MRK FEGOKVSYRH ERH ORS[PIHKI y -RXIVQIHMEXI ORS[PIHKI SJ 8'4-4 ,884 ERH SJ XLI 37- QSHIP y )TIVMIRGI [MXL RIX[SVO HIZMGIW RIX[SVOMRK TVSXSGSPW ERH EWTIGXW SJ ETTPMGEXMSR ERH WMXI EVGLMXIGXYVI y 1SHIVEXI ITSWYVI XS 92- SV 0MRY y )TSWYVI XS FEWMG W]WXIQW EHQMRMWXVEXMSR GSRGITXW MRGPYHMRK PSKKMRK WSJX[EVI YTKVEHI TVSGIHYVIW ERH LMKL EZEMPEFMPMX] STIVEXMSRW y *EQMPMEVMX] [MXL [IF WIVZIV WSJX[EVI y /RS[PIHKI SJ RIX[SVO WIGYVMX] XLVIEXW ERH WMXI TVSXIGXMSR GSRGITX y %R YRHIVWXERHMRK SJ FEWMG GSRGITXW VIPEXIH XS WIVZIV PSEH FEPERGMRK ERH GSRXIRX W[MXGLMRK MW VIGSQQIRHIH 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[  'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 36. 'SYVWI 3YXPMRI (E] 8LVII 1SHYPI 'SRJMKYVMRK +PSFEP 7IVZIV 0SEH EPERGMRK 8LMW QSHYPI TVSZMHIW ER SZIVZMI[ SJ XLI KPSFEP WIVZIV PSEH FEPERGMRK
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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
  • 40. 7214 XLI (EWLFSEVH 6ITSVXMRK ERH XLI 1SRMXSVMRK XSSP -X EPWS GSZIVW LS[ XS GSRJMKYVI EYHMXMRK ERH PSKKMRK ] XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS QSRMXSV XLI 2IX7GEPIV W]WXIQ ERH EGGIWW ERH QEREKI 2IX7GEPIV W]WXIQ PSKW  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  • 41. 'MXVM )HYGEXMSR 'MXVM 8VEMRMRK IRIJMXW %ZEMPEFPI EW MRWXVYGXSVPIH XVEMRMRK
  • 42. -08 WIPJTEGIH SRPMRI PIEVRMRK SV E GSQFMREXMSR SJ FSXL 'MXVM XVEMRMRK GSYVWIW TVSZMHI XLI ORS[PIHKI ERH WOMPPW XLEX ]SY RIIH XS IGIIH ]SYV FYWMRIWW KSEPW IRIJMXW XS SVKERM^EXMSRW MRGPYHI y 1EMQM^IH VIXYVR SR MRZIWXQIRX JSV 'MXVM TVSHYGXW XLVSYKL TVSTIV MQTPIQIRXEXMSR ERH WYTTSVX y -QTVSZIH VIPMEFMPMX] ERH IJJMGMIRG] JSV 'MXVM IRZMVSRQIRXW [MXL HIGVIEWIH HS[RXMQI y 6IHYGIH MQTPIQIRXEXMSR ERH WYTTSVX GSWXW EW QSVI TVSFPIQW GER FI VIWSPZIH JEWXIV F] MRXIVREP WXEJJ y -RGVIEWIH IQTPS]II NSF WEXMWJEGXMSR PIEHMRK XS LMKLIV PIZIPW SJ GYWXSQIV WEXMWJEGXMSR IRIJMXW XS -8 TVSJIWWMSREPW MRGPYHI y /RS[PIHKI ERH WOMPPW XLEX GER FI ETTPMIH HMVIGXP] SR XLI NSF XS STXMQM^I ERH QEMRXEMR 'MXVM IRZMVSRQIRXW y )RLERGIH GVIHMFMPMX] XLVSYKL ORS[PIHKI ERH WOMPPW GYVVIRX [MXL EHZERGIW MR XIGLRSPSK] y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y 8LI %HQMRMWXVEXSV WIVMIW GSRWMWXW SJ XLI 'MXVM 'IVXMJMIH %HQMRMWXVEXSV
  • 43. ''% ERH XLI 'MXVM 'IVXMJMIH %HZERGIH %HQMRMWXVEXSV
  • 44. ''%% GIVXMJMGEXMSRW y 8LI )RKMRIIV WIVMIW GSRWMWXW SJ XLI 'MXVM 'IVXMJMIH )RXIVTVMWI )RKMRIIV
  • 45. '')) GIVXMJMGEXMSRW y 8LI %VGLMXIGX WIVMIW GSRWMWXW SJ XLI 'MXVM 'IVXMJMIH -RXIKVEXMSR %VGLMXIGX
  • 46. ''-% GIVXMJMGEXMSR 6EROIH EQSRK XLI QSWX WSYKLX EJXIV GIVXMJMGEXMSRW MR XLI MRHYWXV] 'MXVM GIVXMJMGEXMSRW TVSZMHI y IRIJMXW JSV SVKERM^EXMSRW MRGPYHMRK y 4IEGI SJ QMRH ERH EWWYVERGI XLEX GIVXMJMIH WXEJJ LEZI QEWXIVIH XLI WOMPPW RIGIWWEV] XS HS XLIMV NSFW 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 47. y :EPYEFPI GVIHIRXMEPW XS SJJIV EW MRGIRXMZI XS XST TIVJSVQIVW ERH XS WIIO MR TVSWTIGXMZI IQTPS]IIW y 'SQTIXMXMZI EHZERXEKI KEMRIH F] PIZIVEKMRK WXEJJ XLEX MW XVEMRIH ERH GIVXMJMIH SR E VIKYPEV FEWMW y IRIJMXW JSV -8 TVSJIWWMSREPW MRGPYHMRK y (IQSRWXVEXIH GSQTIXIRG] MR 'MXVM TVSHYGXW XS IQTPS]IVW ERH GPMIRXW y 8LI QSWX GYVVIRX XIGLRMGEP WOMPPW ERH ORS[PIHKI RIGIWWEV] XS HS XLIMV NSFW y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
  • 48. -08 GSYVWIW GSYVWIW ERH WGLIHYPIW MR ]SYV EVIE MRGPYHMRK GYWXSQM^IH XVEMRMRK KS XS XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI 8VEMRMRK WIGXMSR XS JMRH GSYVWIW MR ]SYV VIKMSR =SY QE] EPWS GSRXEGX ]SYV 'MXVM %YXLSVM^IH 0IEVRMRK 'IRXIV
  • 49. '%0' VITVIWIRXEXMZI 7IPJTEGIH SRPMRI PIEVRMRK 8S ZMI[ GSYVWI HIWGVMTXMSRW WIEVGL SV VIKMWXIV JSV I0IEVRMRK GSYVWIW KS XS XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI 8VEMRMRK WIGXMSR )EQW 8S HS[RPSEH IEQ TVITEVEXMSR KYMHIW XS TVITEVI JSV IEQW KS XS XLI [[[GMXVMIHYGEXMSRGSQ [IF WMXI ERH FVS[WI XS XLI )EQ WIGXMSR 8S VIKMWXIV JSV 'MXVM IEQW EHQMRMWXIVIH F] 4IEVWSR :9) GSRXEGX XLI TVSZMHIV HMVIGXP] y ;IF [[[TIEVWSRZYIGSQ y 8IPITLSRI
  • 50. %QIVMGEW *SV E PMWX SJ TLSRI RYQFIVW F] VIKMSR ZMWMX XLI LXXTZYIGSQGMXVMGSRXEGX [IF WMXI  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  • 51. 'IVXMJMGEXMSR 1EREKIV 8S XVEGO ]SYV GIVXMJMGEXMSR TVSKVIWW ERH TYFPMWL ]SYV 'MXVM GVIHIRXMEPW ZMWMX XLI [[[GMXVMGIVXQEREKIVGSQ [IF WMXI 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[  'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGXMSR ERH 'SYVWI 3ZIVZMI[
  • 53.  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 55.  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 56. 3ZIVZMI[ 'MXVM 2IX7GEPIV MW y %R EW]QQIXVMGEP WSPYXMSR y % GSQTPIXI XVEJJMG QEREKIQIRX TPEXJSVQ JSV EPP X]TIW SJ XVEJJMG y % LMKLP] IJJIGXMZI WSPYXMSR JSV STXMQM^MRK ,884 XVEJJMG y % WSPYXMSR HIWMKRIH JVSQ XLI KVSYRH YT JSV LMKL WTIIH ERH TIVJSVQERGI 3FNIGXMZIW ] XLI IRH SJ XLMW QSHYPI ]SY [MPP FI EFPI XS y -HIRXMJ] XLI 2IX7GEPIV LEVH[EVI GSQTSRIRXW y -HIRXMJ] HITPS]QIRX WGIREVMSW y -HIRXMJ] HITPS]QIRX GSRWMHIVEXMSRW  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  •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
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 59. 4PERRMRK E 2IX7GEPIV (ITPS]QIRX 8LI 2IX7GEPIV W]WXIQ GER FI HITPS]IH MR XLI JSPPS[MRK RIX[SVO GSRJMKYVEXMSRW 3RI%VQ 1SHI 8LI JMKYVI HITMGXW E SRIEVQ QSHI GSRJMKYVEXMSR 8LI GPMIRX QYWX EGGIWW XLI WIVZIV XLVSYKL E ZMVXYEP -4
  • 60. :-4 EHHVIWW GSRJMKYVIH SR XLI 2IX7GEPIV W]WXIQ % SRIEVQ QSHI GSRJMKYVEXMSR EPPS[W y % WMQTPI GSRJMKYVEXMSR [MXL SRI TL]WMGEP MRXIVJEGI ERH RS VMWO SJ FVMHKI PSSTW y 3RI SV QER] :0%2W [MXL U XEKKMRK y 0MRO EKKVIKEXMSR XS WEXMWJ] FERH[MHXL VIUYMVIQIRXW 3RIEVQ GSRJMKYVEXMSRW EVI RSX VIGSQQIRHIH y ;LIR E WIVZIV RIIHW XS WII XLI EGXYEP -4 EHHVIWW SJ XLI GPMIRX ERH XLI HIJEYPX KEXI[E] SJ XLI WIVZIV GERRSX FI GLERKIH XS ER -4 EHHVIWW SR XLI 2IX7GEPIV W]WXIQ y ;LIR XLI WIVZIVW EVI EGGIWWIH HMVIGXP] ERH XLI HIJEYPX KEXI[E] LEW FIIR GLERKIH XS XLI 2IX7GEPIV W]WXIQ E WMXYEXMSR XLEX MW WSQIXMQIW EHHVIWWIH [MXL XLI YWI SJ REQIFEWIH WIVZMGIW ERH ITPMGMX WIVZIV HIJMRMXMSRW 8[S%VQ 1SHI 8LI JMKYVI HITMGXW E X[SEVQ QSHI GSRJMKYVEXMSR 8LI ETTPMERGI MW TPEGIH FIX[IIR X[S PE]IV W[MXGLIW [MXL SRI RIX[SVO MRXIVJEGI SR XLI ETTPMERGI GSRRIGXIH XS XLI GPMIRX RIX[SVO ERH ERSXLIV RIX[SVO MRXIVJEGI GSRRIGXIH XS XLI WIVZIV RIX[SVO  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 61. 8[SEVQ QSHI LEW XLI JSPPS[MRK FIRIJMXW y -X EPPS[W PE]IV
  • 62. VSYXIH HITPS]QIRXW [MXL WTPMX WYFRIXW y -X EPPS[W PE]IV
  • 63. FVMHKIH HITPS]QIRXW [MXL SRI WYFRIX SR IEGL WMHI y -X WYTTSVXW XVERWTEVIRX GSQTVIWWMSR ERH 770 SJJPSEH y -X WYTTSVXW 9WI 7SYVGI -4
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 65. (ITPS]QIRX 7GIREVMSW 8LI 2IX7GEPIV W]WXIQ GER FI MRXIKVEXIH MRXS ER] RIX[SVO IMXLIV EW E GSQTPIQIRX XS IMWXMRK PSEH FEPERGIVW WIVZIVW GEGLIW SV JMVI[EPPW SV EW E WXERHEPSRI WSPYXMSR GETEFPI SJ TVSZMHMRK SRI SV QSVI SJ XLSWI JYRGXMSREPMXMIW % WYGGIWWJYP 2IX7GEPIV HITPS]QIRX VIUYMVIW TPERRMRK JSV XLI GSVVIGX HITPS]QIRX X]TI EW [IPP EW E JYPP QMKVEXMSR SJ GYVVIRX RIX[SVO JYRGXMSRW 2IX7GEPIV HITPS]QIRX STXMSRW MRGPYHI y *PI XIRERG] y (MWTPEGIQIRX y 2I[ XIGLRSPSK] *PI 8IRERG] 8LI JMKYVI MPPYWXVEXIW E JPI XIRERG] HITPS]QIRX WGIREVMS 2IX7GEPIV TL]WMGEP ERH ZMVXYEP ETTPMERGIW GER FI YWIH XSKIXLIV MR E X[SXMIV EVGLMXIGXYVIE JPIXIRERG] EVGLMXIGXYVI[MXL IEGL XMIV HIHMGEXIH XS QEREKMRK WTIGMJMG EGXMSRW -R XLI JMKYVI XLI JPI XIRERG] EVGLMXIGXYVI WIKQIRXW ;IF ETTPMGEXMSR HITPS]QIRX HIPMZIV] WIVZMGIW MRXS X[S XMIVW WLEVIRIX[SVOWIVZMGI JPI XMIV ERH ETTPMGEXMSRWTIGMJMG XIRERX XMIV 8LI JPI XMIV VYRW EX XLI IHKI SJ XLI HEXEGIRXIV SV ER IRXIVTVMWI RIX[SVO 8LI JPI XMIV TIVJSVQW ETTPMGEXMSR HIPMZIV] WIVZMGIW ERH EWWSGMEXIH TSPMGMIW XLEX EVI GSQQSR ERH ETTPMIH XS EPP ETTPMGEXMSRW 8LI XIRERX XMIV VYRW PSKMGEPP] GPSWI XS XLI ETTPMGEXMSRW [MXL IEGL XIRERX KIXXMRK MXW S[R 2IX7GEPIV MRWXERGI 8LI XIRERX XMIV MWSPEXIW XLI ETTPMGEXMSR HIPMZIV] RIIHW XLEX ZEV] [MHIP] F] ETTPMGEXMSR  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 66. (MWTPEGIQIRX 8LI JMKYVI MPPYWXVEXIW E HMWTPEGIQIRX WGIREVMS -R XLI JMKYVI E 2IX7GEPIV W]WXIQ
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 68. 2I[ 8IGLRSPSK] 8LI JMKYVI MPPYWXVEXIW E RI[ XIGLRSPSK] HITPS]QIRX WGIREVMS MR E LMKLEZEMPEFMPMX] WGIREVMS IJSVI WXEVXMRK E RI[ XIGLRSPSK] HITPS]QIRX ]SY WLSYPH JMVWX QET SYX XLI RIX[SVO EVGLMXIGXYVI XS QEMQM^I XLI TPEGIQIRX SJ XLI 2IX7GEPIV W]WXIQ 4EVX SJ XLMW QETTMRK WLSYPH MRGPYHI ER EREP]WMW SJ [LEX XLI GYVVIRX RIX[SVO JYRGXMSRW EVI ERH [LEX EHHMXMSREP 2IX7GEPIV JYRGXMSRW [MPP FI EHHIH  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 69. 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 70. 4VSHYGX *IEXYVIW 8LI OI] JIEXYVI WIXW SJ E 2IX7GEPIV W]WXIQ MRGPYHI y 0S[IV XSXEP GSWX SJ S[RIVWLMT y %TTPMGEXMSR EGGIPIVEXMSR y %TTPMGEXMSR WIGYVMX] y %TTPMGEXMSR EZEMPEFMPMX] y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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 71. %TTPMGEXMSR %GGIPIVEXMSR 8LI 2IX7GEPIV W]WXIQ MRGVIEWIW IRHYWIV TIVJSVQERGI F] SV QSVI [LMPI WEZMRK SR RIX[SVO FERH[MHXL ERH QEOMRK EYHMS ERH ZMHIS XVEJJMG YWEFPI SZIV TSSV RIX[SVOW 8LMW TIVJSVQERGI MRGVIEWI MW EGLMIZIH XLVSYKL y %HZERGIH QYPXMPIZIP GSQTVIWWMSR JSV JEWXIV HIPMZIV] SJ ;IF GSRXIRX y (]REQMG GSRXIRX GEGLMRK XS MRWXERXP] HIPMZIV JVIUYIRXP] VIUYIWXIH GSRXIRX HMVIGXP] y )RHYWIV ITIVMIRGI QSRMXSV TVSZMHMRK XVYI XVERWTEVIRX RSRW]RXLIXMG QSRMXSVMRK SJ ETTPMGEXMSR YWIV TIVJSVQERGI y %YXSQEXIH 8'4 STXMQM^EXMSRW XLEX MQTVSZI TIVJSVQERGI SJ EPP 8'4FEWIH ETTPMGEXMSRW 8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK ETTPMGEXMSR EGGIPIVEXMSR *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR 'PMIRX ERH WIVZIV 8'4 STXMQM^EXMSRW 'MXVM %TT'SQTVIWW 3TXMSR JSV ,884 'MXVM %TT'EGLI 3TXMSR 'MXVM VERGL 6ITIEXIV TPYKMR %TTPMGEXMSR 7IGYVMX] 8LI 2IX7GEPIV W]WXIQ TVSZMHIW ETTPMGEXMSR WIGYVMX] F] YXMPM^MRK ER EHZERGIH ;IF ETTPMGEXMSR JMVI[EPP XS FPSGO ETTPMGEXMSR EXXEGOW ERH TVSXIGX WIRWMXMZI MRJSVQEXMSR JVSQ YREYXLSVM^IH EGGIWW (E]^IVS EXXEGO TVSXIGXMSR ERH MRXIKVEXIH 10 WIGYVMX] TVIZIRXW XLI PSWW SJ ZEPYEFPI GSVTSVEXI ERH GYWXSQIV HEXE ERH EMHW MR GSQTPMERGI [MXL VIKYPEXMSRW WYGL EW 4'-(77 'SQTVILIRWMZI %%% GETEFMPMXMIW EPSRK [MXL E TS[IVJYP HMWXVMFYXIH HIRMEP SJ WIVZMGI
  • 72. ((S7 WLMIPH EPPS[ WIGYVI VIQSXI EGGIWW ERH ETTPMGEXMSR WIGYVMX] [LMPI TVIZIRXMRK YREYXLSVM^IH EGGIWW XS WIRWMXMZI MRJSVQEXMSR 8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI PMGIRWIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV IRLERGMRK ETTPMGEXMSR WIGYVMX] *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR 0 (S7 HIJIRWIW 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 73. *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR 0 GSRXIRX JMPXIVMRK ,884960 6I[VMXI %GGIWW +EXI[E] )) 770 :42 0 (S7 HIJIRWIW %%% WIGYVMX] 'MXVM %TTPMGEXMSR *MVI[EPP [MXL 10 WIGYVMX] 3TXMSREP JIEXYVI %TTPMGEXMSR %ZEMPEFMPMX] 8LI 2IX7GEPIV W]WXIQ MW ER EPPMRSRI ;IF ETTPMGEXMSR HIPMZIV] WSPYXMSR XLEX QEOIW ETTPMGEXMSRW FIXXIV F] EGGIPIVEXMRK TIVJSVQERGI IRWYVMRK ETTPMGEXMSR EZEMPEFMPMX] XLVSYKL EHZERGIH PE]IV XVEJJMG QEREKIQIRX MRGVIEWMRK WIGYVMX] [MXL ER MRXIKVEXIH ETTPMGEXMSR JMVI[EPP ERH WYFWXERXMEPP] PS[IVMRK GSWXW F] SJJPSEHMRK WIVZIVW 8LI JSPPS[MRK XEFPI MHIRXMJMIW XLI JIEXYVIW WYTTSVXIH F] XLI 2IX7GEPIV W]WXIQ JSV ETTPMGEXMSR EZEMPEFMPMX] *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR 0 PSEH FEPERGMRK 0 GSRXIRX W[MXGLMRK %TT)TIVX 6EXI 'SRXVSPW -4Z +PSFEP WIVZIV PSEH FEPERGMRK
  • 74. +70 (]REQMG VSYXMRK TVSXSGSPW  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 75. *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR 7YVKI TVSXIGXMSR 4VMSVMX] 5YIYMRK 3TXMSREP JIEXYVI 7MQTPI 1EREKIEFMPMX] 8LI 2IX7GEPIV 7]WXIQ TVSZMHIW OI] JIEXYVIW JSV WMQTPI QEREKIEFMPMX] y %TT)TIVX :MWYEP 4SPMG] YMPHIV y %TT)TIVX 7IVZMGI 'EPPSYXW y %TT)TIVX 8IQTPEXIW y %TT)TIVX :MWYEPM^IVW y 6SPIFEWIH %HQMRMWXVEXMSR y %%% JSV %HQMRMWXVEXMSR y 'SRJMKYVEXMSR ;M^EVHW y 'MXVM 'SQQERH 'IRXIV y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vW WSYVGI HSQEMR XS E WIVZIV XLEX PSSOW YT FEH HSQEMRW JVSQ E PMWX ;LIR XLI WIVZIV WIRHW E VIWTSRWI XLI GEPPSYX IXVEGXW NYWX XLI wEPPS[IHx SV wHIRMIHx TSVXMSR SJ XLI VIWTSRWI 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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y 'SRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIVW 8LI RYQFIV SJ VIUYIWXW VIGIMZIH TIV WIGSRH EX E KMZIR TSMRX MR XMQI EX GSRXIRX W[MXGLMRK ERH PSEH FEPERGMRK ZMVXYEP WIVZIV RSHIW MW HMWTPE]IH SR XLI ZMVXYEP WIVZIV RSHI MR XLI :MWYEPM^IV y 6I[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW 8LI RYQFIV SJ LMXW TIV WIGSRH EX E KMZIR TSMRX MR XMQI JSV VI[VMXI VIWTSRHIV ERH GEGLI TSPMGMIW MW HMWTPE]IH SR XLI VI[VMXI VIWTSRHIV ERH GEGLI TSPMG] RSHIW MR XLI :MWYEPM^IV 6SPIFEWIH %HQMRMWXVEXMSR 6SPIFEWIH EHQMRMWXVEXMSR KVERYPEVP] WIKQIRXW EHQMRMWXVEXMZI TVMZMPIKI SR E 2IX7GEPIV W]WXIQ %%% JSV %HQMRMWXVEXMSR 8LI JSPPS[MRK %YXLIRXMGEXMSR %YXLSVM^EXMSR %YHMXMRK
  • 77. %%% JIEXYVIW EVI IRLERGIH MR XLMW VIPIEWI *SVQWEWIH 7MRKPI 7MKR 8LI 2IX7GEPIV W]WXIQ RS[ WYTTSVXW JSVQWFEWIH WMRKPI WMKRSR XS 3R
  • 78. 773 EPP WIVZMGIW 8LMW JYRGXMSREPMX] EPPS[W ]SY XS GSRJMKYVI TSPMGMIW JSV EYXSQEXMG WYFQMWWMSR SJ [IF JSVQW F] YWMRK XLI YWIV GVIHIRXMEPW YWIH JSV PSKKMRK MR XS 2IX7GEPIV SV :42 7MRKPI 7MKR3R
  • 79. 773 %R 773 HSQEMR LEW FIIR EHHIH MR XLI XMQISYX WIWWMSR TEVEQIXIV (SQEMR MR 8MQISYX ERH XLI XMQISYX WIWWMSR EGXMSR XS FI YWIH JSV JSVQFEWIH WMRKPI 7IWWMSR 4EVEQIXIV ERH WMKRSR 8MQISYX 7IWWMSR %GXMSR 773 XS 7IVZMGIW 7YTTSVX 8LI 2IX7GEPIV W]WXIQ WYTTSVXW WMRKPI WMKRSR
  • 80. 773 EYXLIRXMGEXMSR JSV FEWIH FEWMG HMKIWX ERH 2801 EYXLIRXMGEXMSR MR %%%  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  •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y -RGVIEWIW ZMWMFMPMX] MRXS XLI YWIV TIVGITXMSR SJ ;IF ETTPMGEXMSR VIWTSRWI XMQI y 8VEGOW ERH VITSVXW ;IF ETTPMGEXMSR TIVJSVQERGI SZIV XMQI GSQTEVMRK GYVVIRX TIVJSVQERGI XS LMWXSVMGEP XVIRHW y 6IUYMVIW RS EKIRX SV GPMIRX WSJX[EVI SR YWIV HIZMGIW y %WWMWXW MR XVSYFPIWLSSXMRK FSXXPIRIGOW y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 'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 82. *IEXYVI 4PEXMRYQ )HMXMSR )RXIVTVMWI )HMXMSR 7XERHEVH )HMXMSR %HZERGIH WIVZIV SJJPSEH  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 83. ,EVH[EVI 4PEXJSVQW 8LI HMJJIVIRX LEVH[EVI TPEXJSVQW GYVVIRXP] [MXLMR XLI 'MXVM 2IX7GEPIV TVSHYGX PMRI MRGPYHI y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV 14 *-47 y 2IX7GEPIV 14 y 2IX7GEPIV 14 y 2IX7GEPIV :4 )EGL 2IX7GEPIV TPEXJSVQ LEW HMJJIVIRX QIEWYVIH GETEGMXMIW JSV W]WXIQ XLVSYKLTYX 770 XLVSYKLTYX ERH GSQTVIWWMSR XLVSYKLTYX 8LI QIEWYVIH TIEO XLVSYKLTYX JSV IEGL QSHIP MW FEWIH SR ER STXMQM^IH GSRJMKYVEXMSR 2IX7GEPIV 14 8LI 2IX7GEPIV 14 TPEXJSVQW WYTTSVX XLI 4PEXMRYQ )RXIVTVMWI ERH 7XERHEVH )HMXMSRW 14 14 14 14 ,IMKLX 9 9 9 9 4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP 4VSGIWWSV (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR
  • 84. GSVIW
  • 85. GSVIW
  • 86. GSVIW
  • 87. GSVIW XSXEP XSXEP XSXEP XSXEP 1IQSV] + + + + 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  •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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 89. 14 14 14 14 4S[IV 7YTTPMIW (YEP (YEP (YEP (YEP 4VSGIWWSV (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR (YEP -RXIP ISR )
  • 93. GSVIW XSXEP XSXEP XSXEP XSXEP 1IQSV] + + + + )XLIVRIX TSVXW +%7) %7)8 *4 %7)8 %7)8 %2( %2( %2( %2( %7) %7) %7) 7*4
  • 96. JMFIV SV GSTTIV GSTTIV GSTTIV 36 36 36 +%7) +%7) +%7) 7*4 7*4 7*4 %2( %2( %2( %7) %7) %7) 7*4
  • 99. JMFIV SV GSTTIV GSTTIV GSTTIV 8VERWGIMZIV +) 7*4 76 +) 7*4 76 +) 7*4 76 +) 7*4 76 WYTTSVX 06 +) 7*4 7 06 06 +) 7*4 7 06 +) 7*4 7 0 0 0 4E]EW=SY+VS[ 9TKVEHI STXMSR XS 9TKVEHI STXMSR XS WSJX[EVI YTKVEHI 14 14 ERH 14 7]WXIQ +FTW +FTW +FTW +FTW XLVSYKLTYX ,884 VIUYIWXW WIG WIG WIG WIG 770 XVERWEGXMSRW WIG WIG WIG WIG 770 XLVSYKLTYX +FTW +FTW +FTW +FTW 'SQTVIWWMSR +FTW +FTW +FTW +FTW XLVSYKLTYX 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 100. 14 14 14 14 770 :42 GSRGYVVIRX YWIVW 2IX7GEPIV 14 *-4714 :4 8LI 2IX7GEPIV 14 *-4714 :4 TPEXJSVQW WYTTSVX XLI 4PEXMRYQ )RXIVTVMWI ERH 7XERHEVH )HMXMSRW 14 *-47 14 14 :4 ,IMKLX 9 9 9 9 2% 4S[IV 7YTTPMIW 7MRKPI TPYW (YEP 7MRKPI TPYW 7MRKPI SRP] (ITIRHIRX SR STXMSREP STXMSREP WIVZIV TPEXJSVQ WIGSRH WYTTP] WIGSRH WYTTP] GLSWIR 4VSGIWWSV -RXIP ISR -RXIP ISR -RXIP ISR -RXIP ISR 1MRMQYQ 0
  • 102. 0
  • 104. GSVIW 7IVZIV XSXEP GSVI XSXEP XSXEP 6IUYMVIQIRXW (YEP GSVI WIVZIV [MXL -RXIP :8 SV %1(: 'MXVM IR7IVZIV
  • 105. YTHEXI SV FIXXIV :1;EVI )7)7M SV LMKLIV + 6%1 + LEVH HVMZI ,]TIVZMWSV WYTTSVXIH 2-'  'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 106. 14 *-47 14 14 :4 1IQSV] + + + + )XLIVRIX TSVXW %7) %7)8 7 7*4
  • 107. JMFIV %7)8 SV STXMGEP %7)8 36 36 36 %7)8 %7)8 %7)8 %2( %2( %7) %7) 7*4
  • 109. JMFIV ERH GSTTIV 8VERWGIMZIV 7 0 7 0 7 0 WYTTSVX 4E]EW=SY 9TKVEHI +VS[ WSJX[EVI STXMSR XS 14 YTKVEHI 7]WXIQ +FTW +FTW +FTW +FTW 9T XS XLVSYKLTYX +FTW ,884 VIUYIWXW WIG WIG WIG WIG 9T XS WIG 770 WIG WIG WIG WIG 9T XS WIG XVERWEGXMSRW 770 +FTW +FTW +FTW +FTW 9T XS XLVSYKLTYX +FTW 'SQTVIWWMSR +FTW +FTW +FTW +FTW 9T XS XLVSYKLTYX +FTW 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG
  • 110. 14 *-47 14 14 :4 770 :42 9T XS GSRGYVVIRX YWIVW R'SVI 'MXVM 2IX7GEPIV R'SVI XIGLRSPSK] HVEQEXMGEPP] MRGVIEWIW XLI TIVJSVQERGI ERH WGEPEFMPMX] SJ 2IX7GEPIV EX RS EHHMXMSREP GSWX R'SVI XIGLRSPSK] FVIEOW XLI WMRKPI '49 TIVJSVQERGI FEVVMIV XLEX PMQMXW XLI TIVJSVQERGI WGEPEFMPMX] ERH IXIRWMFMPMX] SJ QSWX ;IF WSPYXMSRW -X MW E XVYI FMX EVGLMXIGXYVI XLEX MW FYMPX JVSQ XLI KVSYRH YT XS MRXIPPMKIRXP] HMWXVMFYXI TEGOIX JPS[W EGVSWW QYPXMTPI '49 GSVIW JSV LMKLTIVJSVQERGI TEVEPPIP TVSGIWWMRK %W ;IF ETTPMGEXMSRW FIGSQI MRGVIEWMRKP] GSQTPI ERH HIQERHMRK HYI XS ;IF XVIRHW ERH XLI TVSPMJIVEXMSR SJ 6MGL -RXIVRIX %TTPMGEXMSRW
  • 111. 6-% ;IF ETTPMGEXMSR HIPMZIV] [MPP FI VIUYMVIH XS TVSZMHI KVIEXIV PIZIPW SJ ;IF ETTPMGEXMSR HIPMZIV] GSRXVSPPIV WSPYXMSRW [LMGL TVSZMHI y 0E]IV PSEH FEPERGMRK ERH GSRXIRX W[MXGLMRK JYRGXMSRW y 'EGLMRK y 'SQTVIWWMSR y %TTPMGEXMSR WIGYVMX] y 770 SJJPSEHMRK y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 'ST]VMKLX 'MXVM 7]WXIQW -RG 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV
  • 112. FIGSQI ZMVXYEPM^IH WIVZMGIW XLEX GER FI IEWMP] HITPS]IH SRHIQERH ER][LIVI MR XLI HEXEGIRXIV SV GPSYH MRJVEWXVYGXYVI 8LMW IREFPIW GSQFMRMRK 2IX7GEPIV :4 [MXL SXLIV ZMVXYEPM^IH RIX[SVOMRK WSPYXMSRW XS HIPMZIV ER IRHXSIRH PE]IV ZMVXYEP RIX[SVOMRK WXEGO 1SHYPI -RXVSHYGMRK ERH (ITPS]MRK 'MXVM 2IX7GEPIV  'ST]VMKLX 'MXVM 7]WXIQW -RG