1RGTCVKQP
(GCVWTGU
;QWT ICTCIG FQQT QRGPGT KU GSWKRRGF YKVJ HGCVWTGU VQ RTQXKFG [QW YKVJ ITGCVGT EQPVTQN QXGT [QWT ICTCIG FQQT
QRGTCVKQP
O[3
6JG 9K(K )CTCIG &QQT 1RGPGT KU EQORCVKDNG YKVJ WR VQ O[3 GPCDNGF CEEGUUQTKGU 7R VQ FGXKEGU ECP DG
RCKTGF VQ VJG 9K(K ICTCIG FQQT QRGPGToU KPVGTPCN ICVGYC[ 6JGUG FGXKEGU ECP DG EQPVTQNNGF YKVJ VJG O[3 CRR 6JGUG
FGXKEGU KPENWFG CP[ EQODKPCVKQP QH O[3 ICTCIG FQQT QRGPGTU 9K(K ICTCIG FQQT QRGPGTU CPF O[3 NKIJV EQPVTQNU 7R
VQ FGXKEGU ECP DG RCKTGF VQ ICTCIG FQQT QRGPGT KVUGNH EQPVTQNNGF D[ ICTCIG FQQT QRGPGT VJTQWIJ /*\ 6JGUG
FGXKEGU KPENWFG CP[ EQODKPCVKQP QH O[3 NKIJV EQPVTQNU QT C ICTCIG FQQT CPF ICVG OQPKVQT
6+/'461%.15' &1 016 GPCDNG QP QPGRKGEG FQQTU
6JG 6KOGTVQ%NQUG HGCVWTG KU PQV CXCKNCDNG QP CNN FQQT EQPVTQNU $GNQY KU C NKUV QH FQQT EQPVTQNU YKVJ VJG 6KOGTVQ
%NQUG HGCVWTG
# 5OCTV %QPVTQN 2CPGN CPF # /QVKQP &GVGEVKPI %QPVTQN 2CPGN
6JG 6KOGTVQ%NQUG HGCVWTG CWVQOCVKECNN[ ENQUGU VJG ICTCIG FQQT CHVGT C URGEKHKGF VKOG RGTKQF
&1 016 GPCDNG 66%
KH QRGTCVKPI C QPGRKGEG FQQT 66% KU VQ DG WUGF 10.; YKVJ UGEVKQPCN FQQTU
(CEVQT[ FGHCWNV KU UGV VQ QHH 6JG
ICTCIG FQQT QRGPGT YKNN DGGR CPF VJG NKIJVU YKNN HNCUJ DGHQTG ENQUKPI VJG FQQT 6JG 66% HGCVWTG YKNN FGCEVKXCVG KH VJG
ICTCIG FQQT GPEQWPVGTU CP QDUVTWEVKQP VYKEG QT VJG UCHGV[ TGXGTUKPI UGPUQTU CTG KPEQTTGEVN[ KPUVCNNGF 6JG ICTCIG
FQQT YKNN TGXGTUG QRGP CPF 9+.. 016 ENQUG WPVKN VJG QDUVTWEVKQPU CTG ENGCT QT VJG UCHGV[ TGXGTUKPI UGPUQTU CTG
EQTTGEVN[ KPUVCNNGF 9JGP VJG QDUVTWEVKQP JCU DGGP ENGCTGF QT VJG UCHGV[ TGXGTUKPI UGPUQTU JCXG DGGP CNKIPGF VJG FQQT
YKNN ENQUG YJGP VJG ICTCIG FQQT QRGPGT KU CEVKXCVGF 66% 9+.. 016 YQTM KH VJG ICTCIG FQQT QRGPGT KU QRGTCVKPI D[
DCVVGT[ RQYGT QT KH VJG UCHGV[ TGXGTUKPI UGPUQTU CTG OKUCNKIPGF 6JKU HGCVWTG KU 016 KPVGPFGF VQ DG VJG RTKOCT[
OGVJQF QH ENQUKPI VJG FQQT
# MG[NGUU GPVT[ UJQWNF DG KPUVCNNGF KP VJG GXGPV QH CP CEEKFGPVCN NQEM QWV YJGP
WUKPI VJKU HGCVWTG
4'/16' %10641.5 #0& &114 %10641.5
;QWT ICTCIG FQQT QRGPGT JCU CNTGCF[ DGGP RTQITCOOGF CV VJG HCEVQT[ VQ QRGTCVG YKVJ [QWT TGOQVG EQPVTQN YJKEJ
EJCPIGU YKVJ GCEJ WUG TCPFQON[ CEEGUUKPI QXGT DKNNKQP PGY EQFGU
O[3 #EEGUUQTKGU
/'/14; %#2#%+6;
4GOQVG %QPVTQNU
7R VQ
&QQT %QPVTQNU
7R VQ O[3 FQQT EQPVTQNU
-G[NGUU 'PVTKGU
7R VQ
6*' 2416'%614 5;56'/
5#('6; 4'8'45+0) 5'05145
9JGP RTQRGTN[ EQPPGEVGF CPF CNKIPGF VJG UCHGV[ TGXGTUKPI UGPUQTU YKNN FGVGEV CP QDUVTWEVKQP KP VJG RCVJ QH VJG
KPHTCTGF DGCO +H CP QDUVTWEVKQP DTGCMU VJG KPHTCTGF DGCO YJKNG VJG FQQT KU ENQUKPI VJG FQQT YKNN UVQR CPF TGXGTUG VQ
HWNN QRGP RQUKVKQP CPF VJG QRGPGT NKIJVU YKNN HNCUJ VKOGU +H VJG FQQT KU HWNN[ QRGP CPF VJG UCHGV[ TGXGTUKPI UGPUQTU
CTG PQV KPUVCNNGF QT CTG OKUCNKIPGF VJG FQQT YKNN PQV ENQUG HTQO C TGOQVG EQPVTQN *QYGXGT [QW ECP ENQUG VJG FQQT KH
[QW JQNF VJG DWVVQP QP VJG FQQT EQPVTQN QT MG[NGUU GPVT[ WPVKN VJG FQQT KU HWNN[ ENQUGF 6JG UCHGV[ TGXGTUKPI UGPUQTU FQ
PQV GHHGEV VJG QRGPKPI E[ENG
'0'4); %105'48#6+10
(QT GPGTI[ GHHKEKGPE[ VJG ICTCIG FQQT QRGPGT YKNN GPVGT UNGGR OQFG YJGP VJG FQQT KU HWNN[ ENQUGF 6JG UNGGR OQFG
UJWVU VJG ICTCIG FQQT QRGPGT FQYP WPVKN CEVKXCVGF 6JG UNGGR OQFG KU UGSWGPEGF YKVJ VJG ICTCIG FQQT QRGPGT NKIJV
DWND CU VJG NKIJV DWND VWTPU QHH VJG UGPUQT .'&U YKNN VWTP QHH CPF YJGPGXGT VJG ICTCIG FQQT QRGPGT NKIJVU VWTP QP VJG
UGPUQT .'&U YKNN NKIJV 6JG ICTCIG FQQT QRGPGT YKNN PQV IQ KPVQ VJG UNGGR OQFG WPVKN VJG ICTCIG FQQT QRGPGT JCU
EQORNGVGF E[ENGU WRQP RQYGT WR
.+)*65
6JG ICTCIG FQQT QRGPGT NKIJV DWNDU YKNN VWTP QP YJGP VJG QRGPGT KU KPKVKCNN[ RNWIIGF KP RQYGT KU TGUVQTGF CHVGT
KPVGTTWRVKQP QT YJGP VJG ICTCIG FQQT QRGPGT KU CEVKXCVGF 6JG NKIJVU YKNN VWTP QHH CWVQOCVKECNN[ CHVGT OKPWVGU #P
KPECPFGUEGPV # NKIJV DWND 9 OCZKOWO QT HQT OCZKOWO GPGTI[ GHHKEKGPE[ C 9 9 GSWKXCNGPV EQORCEV
HNWQTGUEGPV NKIJV %(. DWND OC[ DG WUGF
016' &Q PQV WUG JCNQIGP UJQTV PGEM QT URGEKCNV[ NKIJV DWNDU CU VJGUG
OC[ QXGTJGCV VJG GPF RCPGN QT NKIJV UQEMGV &Q PQV WUG .'& DWNDU CU VJG[ OC[ TGFWEG VJG TCPIG QT RGTHQTOCPEG QH
[QWT TGOQVG EQPVTQNU
.KIJV (GCVWTG
6JG ICTCIG FQQT QRGPGT KU GSWKRRGF YKVJ CP CFFGF HGCVWTG VJG NKIJVU YKNN VWTP QP YJGP UQOGQPG GPVGTU VJTQWIJ VJG
QRGP ICTCIG FQQT CPF VJG UCHGV[ TGXGTUKPI UGPUQT KPHTCTGF DGCO KU DTQMGP
