*|+pvsst n+1,0.2-o nvtx 3 tw{qx //otx},0 usts r~
KYbcU\Q TU =^SY]Qb
<B?@AB: =;>69778
F<GM<E ?@ HI@J<>CHG
<?N@JL@G>C<;
hLU]Ua SdYTQT^ TU ]^ b^RaUSQaWQa [Qb R^SY]Qb1
?Yb\Y]dYa U[ e^[d\U] bY UbSdSXQ TYbc^abYl] TdaQ]cU [Q aU_a^TdSSYl]6 @[ db^
_a^[^]WQT^ TU [Qb R^SY]Qb Q e^[d\U] Q[c^ _dUTU TQkQa[Qb6 <bUWdaQabU `dU U[
e^[d\U] TU [Q VdU]cU TU QdTY^ UbcU QZdbcQT^ Q[ :8 2 TU[ \ifY\^6
A<NHJ ?@ E@@J5 @GL@G?@J P K@BMCJ E<K CGKLJM>>CHG@K
?@ @KL@ F<GM<E >HFIE@L<F@GL@ <GL@K ?@ HI@J<J
@KL@ IJH?M>LH6
>HGK@JN<J @KL@ F<GM<E I<J< AMLMJ<K J@A@J@G>C<K
CFIHJL<GL@K F@?C?<K ?@ K@BMJC?<?
I@ECBJH 3?<GB@J4 I ^wmrlj ~wj |r}~jlr2w nvrwnw}n mn lqxz~n nu/l}{rlx z~n y~nmn
xlj|rxwj{ |n{rj| un|rxwn| yn{|xwjun| x lxw|nl~nwlrj| oj}jun|J Zu ~|x mn n|}j yjujk{j mn
|n1ju n| urvr}jmj yj{j uj| |r}~jlrxwn| vj| n+}{nvj|J
<?N@JL@G>C< 3O<JGCGB4 I ^wmrlj ~wj |r}~jlr2w yx}nwlrju mn lqxz~n nu/l}{rlx z~n
y~nmn xlj|rxwj{ |n{rj| un|rxwn| yn{|xwjun| x lxw|nl~nwlrj| oj}jun|J
IJ@><M>CHG 3><MLCHG4 I ^wmrlj ~wj |r}~jlr2w yx}nwlrju mn lqxz~n nu/l}{rlx z~n
y~nmn xlj|rxwj{ un|rxwn| vnwx{n| x mj1x| ju y{xm~l}xJ Z|}j }jvkr/w jun{}j lxw}{j
y{xlnmrvrnw}x| rwjmnl~jmx|J
5 `jw}nwn{ n|}n y{xm~l}xH }xmj| |~| yj{}n| , jlln|x{rx| unsx| mnu juljwln mn ux| wr1x|J
5 `jw}nwn{ n|}n y{xm~l}x unsx| mnu yxu*xH |~lrnmjm , q~vnmjmJ
5 ax n+yxwn{ n|}n y{xm~l}x j ux| {j,x| mr{nl}x| mnu |xu yx{ yn{rxmx| uj{px| mn }rnvyxJ
5 ax urvyrj{ n|}n y{xm~l}x lxw |~|}jwlrj| z~0vrlj| lxvx julxqxuH }qrwn{H knwlnwxJ
5 er uj| kxlrwj| wx |n{.w xyn{jmj| yx{ ~w yn{rxmx uj{px mn }rnvyxH {n}r{j{ uj| kj}n{0j| yj{j n*r}j{
yx|rkun| mj1x| mnkrmx j uj o~pj mn u0z~rmx jlrmx mn uj| kj}n{0j|J
5 `jw}nwn{ uj| kxlrwj| unsx| mn ljvkrx| n+}{nvx| mn }nvyn{j}~{jH q~vnmjmH yxu*xH |~lrnmjm ,
o~n{}n| ljvyx| vjpw/}rlx|J
5 ax mnsj{ ljn{ x pxuynj{ uj| kxlrwj|H n|}x y~nmn xlj|rxwj{ z~n uj| kj}n{0j| |jupjw n+y~u|jmj| x
mj1x| j uj| |~yn{orlrn|J
F<G@DH P MKH ?@ E<K =<L@JC<K
Zu }rnvyx mn m~{jlr2w mn uj| kj}n{0j| juljurwj| n| mn jy{x+rvjmjvnw}n O qx{j|J Xjvkrj{ uj|
kj}n{0j| l~jwmx uj ~wrmjm wx {n|yxwmn mn|y~/| mn z~n uj| kj}n{0j| qjw |rmx {n}r{jmj| , {nrw|}jujmj|J
<?N@JL@G>C<; _j| kj}n{0j| mnknw |n{ ljvkrjmj| |xux yx{ yn{|xwj| jm~u}j|J ax yn{vr}r{ z~n
ux| wr1x| ~|nw n|}n y{xm~l}x |rw z~n uj }jyj mnu lxvyj{}rvrnw}x mn uj| kj}n{0j| n|}/w lxuxljmj mn
vjwn{j jmnl~jmj , |np~{jJ
5 enp~r{ uj| rw|}{~llrxwn| mn ~|x , |np~{rmjm mnu ojk{rljw}n mn uj| kj}n{0j|J
5 `jw}nwn{ uj| kj}n{0j| unsx| mnu juljwln mn ux| wr1x| , uj| vj|lx}j|J
5 ax vn-luj{ kj}n{0j| w~n*j| lxw ~|jmj| x kj}n{0j| mn mron{nw}n }ryxJ
5 ^w|n{}j{ uj| kj}n{0 j| *n{rorljwmx uj lx{{nl}j yxuj{rmjm EG , IF lxvx |n xk|n{*j nw nu rw}n{rx{ mnu
lxvyj{}rvrnw}xJ _j yxuj{rmjm rwlx{{nl}j mn uj| kj}n{0j| y~nmn lj~|j{ un|rxwn| yn{|xwjun| ,Kx
mj1x| ju y{xm~l}xJ
5 ax ujw-j{ uj| kj}n{0j| ju o~npxJ ax n+yxwn{ uj| kj}n{0j| ju o~npx ~ x}{j| o~nw}n| mn ljux{J
5 Yr|yx|rlr2w mn uj| kj}n{0j|U Yr|yxwn{ uj| kj}n{0j| pj|}jmj| x mn|lj{pjmj| mn vjwn{j jmnl~jmj
mn jl~n{mx j uj| un,n| jvkrnw}jun| mn |~ uxljurmjmJ cj{j vj| mn}juun| lxw}jl}j{ j uj| j~}x{rmjmn|
mn mn|nlqx| |2urmx| mn |~ uxljurmjmJ
GHL<;
X~jwmx xyn{n n|}n y{xm~l}x nw ~w vnmrx jvkrnw}n mxwmn n|}.w y{n|nw}n| mn|lj{pj| nu/l}{rlj|H
nu y{xm~l}x y~nmn wx o~wlrxwj{ mn vjwn{j jmnl~jmjJ
>HGK@JN<J @KL<K CGKLJM>>CHG@K I<J< AMLMJ<K J@A@J@G>C<K
?UVY]YSYl] TU _Q[QRaQb TU bUkQ[YgQSYl]
+,+
?@K>JCI>CHG ?@ E<K I<JL@K
u
v
y
z
MJ Wxlrwj| l2wrlj| mn ju~vrwrx
r-z~rn{mj , mn{nlqj
NJ ^wmrljmx{ mn yxmn{
OJ ^w}n{{~y}x{ mn yxmn{
nwlnwmrmxKjyjpjmx 3baKb[[4
PJ Xxw}{xu mn *xu~vnw
t
w
x
{
QJ Xxvyj{}rvrnw}x mn uj| kj}n{0j|
RJ [~nw}n mn yxmn{ Ec~n{}x geWF
SJ Xxwnl}x{ mn nw}{jmj mn R hll
TJ Xxwnl}x{ mn nw}{jmj mn j~mrx
+-+
*|+pvsst n+1,0.2-o nvtx 3 tw{qx //otx},0 usts r~
<SSUb^aY^b Y]S[dYT^b
5 Xjkun geW EfryxIV j fryxIVF
5 X{jmun yj{j `cO
MK<G?H E<K =H>CG<K
Z+r|}nw }{n| mron{nw}n| v/}xmx| mn o~nw}n| mn yxmn{ yj{j uj| kxlrwj|U
H_UaQSYl] S^] RQcUajQb 3G^ Y]S[dYTQb4
5 dn}r{j{ uj }jyj mnu lxvyj{}rvrnw}x mn uj| kj}n{0j|H uxljur-jmj nw uj yj{}n yx|}n{rx{ mn uj|
kxlrwj|J
5 ^w|}juj{ P kj}n{0j| juljurwj| mn MHQ hll }jvj1x 3VV4*n{rorljwmx uj lx{{nl}j yxuj{rmjmJ
5 Xxuxlj{ uj }jyj mnu lxvyj{}rvrnw}x w~n*jvnw}nJ
H_UaQSYl] S^] QTQ_cQT^a SQ7SS 3G^ Y]S[dYT^4
5 Xxwnl}j{ uj |jurmj mnu jmjy}jmx{ ljKll ju lxwnl}x{ mn nw}{jmj mn R hll uxljur-jmx nw uj
yj{}n yx|}n{rx{ mn uj| kxlrwj|H nw}xwln| lxwnl}j{ uj luj*rsj mnu jmjy}jmx{ ljKll ju
}xvjlx{{rnw}nJ
H_UaQSYl] S^] U[ SQR[U MK= 3Y]S[dYT^4
5 hn{rorlj{ z~n uj lxvy~}jmx{j |xyx{}j mr|yx|r}r*x| geWJ
5 Xxwnl}j{ nu ljkun geW ju y~n{}x geW mn uj lxvy~}jmx{j , ju y~n{}x geW uxljur-jmx nw uj
yj{}n yx|}n{rx{ mn uj| kxlrwj|J
5 V|np~{j{|n mn j{{jwlj{ Enwlnwmn{F uj lxvy~}jmx{j yj{j yxmn{ ~|j{ nu y~n{}x geW lxvx
o~nw}n mn yxmn{J
H_UaQSYl] TU [Qb R^SY]Qb
MJ Xxwnl}j{ uj u0wnj mn |jurmj mn j~mrx mnu mr|yx|r}r*xn+}n{wx |nunllrxwjmx lxvx ~w
{ny{xm~l}x{ mn XY x `cO ju lxwnl}x{ mn nw}{jmj mn j~mrx mn uj| kxlrwj|J
NJ c{n|rxwj{ nu rw}n{{~y}x{ mn yxmn{ yj{j nwlnwmn{ uj| kxlrwj|H nu rwmrljmx{ mn yxmn{ |n
nwlrnwmnJ
OJ Vs~|}j{ nu *xu~vnw ju wr*nu mn|njmx j }{j*/| mnu lxw}{xu mn *xu~vnwJ
<?N@JL@G>C< I Vw}n| mn mj{un vjw}nwrvrnw}x x urvyrn-j j uj| kxlrwj|H j|np~{j{|n z~n
nu rw}n{{~y}x{ mn yxmn{ n|}n nw uj yx|rlr2w mn jyjpjmx , z~n }xmj| uj| o~nw}n| mn yxmn{ n|}.w
mn|lxwnl}jmj|J
<?N@JL@G>C< I ax yn{vr}r{ z~n |n mn{{jvn jp~j x l~juz~rn{ x}{x urz~rmx nw nu rw}n{rx{
mn uj| kxlrwj|H n|}x y~nmn lj~|j{ {rn|px| mn o~npx ,Kx lqxz~n nu/l}{rlxJ
5 _rvyrj{ nu n+}n{rx{ mn uj| kxlrwj| lxw ~wj }nuj |~j*nH urvyrj , q~vnmnlrmjJ
5 ax ~|j{ |xu*
pjkrwn}nJ
5 X~jwmx uj| kxlrwj| wx *j,jw j |n{ ~|jmj| yx{ ~w yn{rxmx uj{px mn }rnvyxH juvjlnwj{uj|
nw ~w u~pj{ urvyrx , |nlx unsx| mnu juljwln mn ux| wr1x| , uj| vj|lx}j|J
nw}n| x urvyrjmx{n| jk{j|r*x| ,j z~n n|}x| y~nmnw mj1j{ nu jljkjmx mnu
BEHK<JCH ?@ L@JFCGHK ?@ <M?CH
MK= 969
Zu y~n{}x geW n| ~w y~n{}x n|}.wmj{ n+}n{wx z~n |xyx{}j uj }{jw|on{nwlrj mn mj}x| nw ~w {jwpx
mn qj|}j MN vky| EMN vruuxwn| mn kr}| yx{ |np~wmxFJ _j| kxlrwj| ~|jw nu y~n{}x geW lxvx o~nw}n
mn yxmn{J en y~nmn ~|j{ nu y~n{}x geW yj{j lxwnl}j{ qj|}j MNS mr|yx|r}r*x| yn{ro/{rlx| n+}n{wx|
nw |n{rn lxvx n|ljwn{|H }nlujmx|H rvy{n|x{j|H n}lJ fjvkr/w nu y~n{}x geW |xyx{}j mr|yx|r}r*x|
lxwnl}j{I,Ijl}r*j{ Ecu~pIjwmIcuj,FJ Z|}n y~n{}x y~nmn n*nw}~juvnw}n {nnvyuj-j{ ux| y~n{}x|
yj{junux , |n{rnJ
BMC< I<J< E< KHEM>CHG ?@ IJH=E@F<K
Ia^R[U\Q I^bYR[U SQdbQ K^[dSYl]
I Xxwnl}j{ nu jmjy}jmx{ ljKll j
uj| kxlrwj| , ju }xvjlx{{rnw}n
I ^w|}juj{ uj| kj}n{0j|
jmnl~jmjvnw}n
I Xxwnl}j{ nu ljkun geW j ux|
y~n{}x| geW mn uj
ax nwlrnwmn
I Zu jmjy}jmx{ ljKll n|}j
mn|lxwnl}jmxJ
I ax n|}.w rw|}jujmj| uj|
kj}n{0j|
I Zu ljkun geW n|}j
mn|lxwnl}jmx
lxvy~}jmx{j , uj| kxlrwj|
I Xxwnl}j{ uj u0wnj mn |jurmj mn
j~mrx mnu mr|yx|r}r*xn+}n{wx j
uj nw}{jmj mn j~mrx mn uj|
kxlrwj|
I \r{j{ nu lxw}{xu mn *xu~vnw
yj{j js~|}j{ux ju wr*nu mn|njmx
ax qj, j~mrx
I _j |jurmj mn j~mrx mnu
mr|yx|r}r*xn+}n{wx wx n|}j
lxwnl}jmj j uj nw}{jmj mn
j~mrx mn uj| kxlrwj|
I Zu lxw}{xu mn *xu~vnw n|}j
js~|}jmx ju v0wrvx
@KI@>CAC><>CHG@K
[~nw}n| mn yxmn{ I P + MHQ hll kj}n{0j| 3VV4 Ewx rwlu~rmj|F
I R hll jmjy}jmx{ ljKll Ewx rwlu~rmxF
I c~n{}x geW mn uj lxvy~}jmx{j
c~n{}x Xxwnl}x{ geW n|}.wmj{ fryxIV j fryxIV
^w}n{oj|n geW MHMKNHL
Xjwju mn |nyj{jlr2wPLmW
dn|y~n|}j mn o{nl~nwlrj NL ]- INLt]cx}nwlrj mn |jurmj v.+rvj MHQ i
?@K>JCI>CHG B@G@J<E
Wxlrwj| N MKP4 EQT vvF N + P7 Oi
cn|x QNN p
Yrvnw|rxwn| NSL + QR + MSQ vv
_j| lj{jl}n{0|}rlj| nu/l}{rlj| , o0|rlj| mn n|}n y{xm~l}x n|}.w |~sn}j| j ljvkrx| |rw
y{n*
rx j*r|x yj{j vnsx{j| mn ux| vr|vx|J
+/++.+