LG Electronics USA C900N Cellular/PCS GSM/EDGE & WCDMA Phone with BT & WLAN User Manual

Download:
Mirror Download [FCC.gov]
Document ID	1350206
Application ID	qa4f6yp4OaNDn92yGbQPMQ==
Document Description	User Manual
Short Term Confidential	No
Permanent Confidential	No
Supercede	No
Document Type	User Manual
Display Format	Adobe Acrobat PDF - pdf
Filesize	98.2kB (1227539 bits)
Date Submitted	2010-09-28 00:00:00
Date Available	2011-03-27 00:00:00
Creation Date	2010-09-06 17:16:43
Producing Software	Acrobat Distiller 8.1.0 (Windows)
Document Lastmod	2010-09-07 12:01:25
Document Title	untitled

0+'29WIV+YMHI
)RKPMWL
8LMWHSGYQIRXMWXLIYWIVKYMHIJSVXLI0+'2;MRHS[W4LSRI
7QEVXTLSRI%PPVMKLXWJSVXLMWHSGYQIRXEVIVIWIVZIHF]0+)PIGXVSRMGW
'ST]MRKQSHMJ]MRKERHHMWXVMFYXMRKXLMWHSGYQIRX[MXLSYXXLIGSRWIRXSJ
0+)PIGXVSRMGWEVITVSLMFMXIH
Part 15.21 statement
Part 15.105 statement
Part 15 Class B Compliance
Body-worn Operation
device
0+'2*IEXYVIW
4LSRI'SQTSRIRXW
4S[IV)RH/I]
,ERHWJVII'SRRIGXSV
'LEVKIV'EFPI'SRRIGXSV
,SPHHS[RXSTS[IVXLITLSRI3RSV
3JJ
)EVTMIGI
%PPS[W]SYXSPMWXIRXSXLI
SXLIVTEVX]GEPPIV
4VS\MQMX]7IRWSV
8YVRWSJJXLI0'(EYXSQEXM
GEPP][LIRMRGPSWITVS\MQMX]
XS]SYVJEGIHYVMRKEGEPP
*MRKIVTVMRX2EZMKEXMSRWIRWSV
7GVSPPWVMKLXERHPIJXSVYTERH
HS[RXSREZMKEXIQIRYW
8SYGL7GVIIR
)RH/I]
)RHWSVVINIGXWEGEPP
7IRH/I]
3TIRWXLIXSYGLWGVIIR
(MEPTEHERHERW[IVW
MRGSQMRKGEPPW
&EGOFYXXSR
6IXYVRWXSXLITVIZMSYWQIRY
0IJX" 6MKLX"
7X]PYW'SRRIGXSV7PSX
1MGVS7('EVH7PSX
1YPXMXEWOMRK/I]
:SPYQI/I]W
Z;LIRXLIWGVIIRMWMHPI
%HNYWXXLITLSRIZSPYQIW
Z(YVMRKEGEPP
%HNYWXXLIMRGEPPIEVTMIGI
ZSPYQIW
'EQIVEOI]
%GXMZEXIWXLIGEQIVE

0+'2*IEXYVIW
)\XIVREP'EQIVE0IRW
7SJX6IWIX/I]
7-1GEVHWPSX
&EXXIV]8IVQMREPW
,S[XSLSPH]SYV0+'2
*SVFIXXIV6*ERXIRREVIGITXMSR0+WYKKIWXWXLEX]SYLSPHXLILERHWIXEW
HITMGXIHMRXLIJMKYVIFIPS[
6*ERXIRRE
(SRSXGSZIVXLI6*ERXIRREEVIE[MXL]SYVLERHHYVMRKEGEPPSV[LIR
YWMRKE&PYIXSSXLGSRRIGXMSR8LMWQE]HIKVEHIWTIIGLUYEPMX]

8SYGLWGVIIR+YMHIPMRIW
8LMWTVSHYGXvWOI]WGSRWMWXSJXSYGLOI]WHMWTPE]IHSRXLI0'(WGVIIR&IWYVIXSVIEHJSPPS[XLIWI
8SYGLWGVIIR+YMHIPMRIWFIJSVIYWMRKXLMWTVSHYGX
1EOIWYVI]SYVLERHWEVIGPIERERHHV]
Z-RLYQMHIRZMVSRQIRXWVIQSZIER]QSMWXYVIJVSQ]SYVJMRKIVWSVXLIXSYGLOI]W
8SYGLWGVIIR
-XMWYRRIGIWWEV]XSTVIWWXLIXSYGLOI]WLEVHJSVXLIQXS[SVO(SRSXWYFNIGXXLITVSHYGXXS
WIZIVIMQTEGXEWXLMWQE]HEQEKIXLIXSYGLOI]WIRWSVW
9WIXLIXMTSJ]SYVJMRKIVXSTVIWWTVIGMWIP]SRXLIXSYGLOI]]SY[ERXFIMRKGEVIJYPRSXXSXET
ER]SXLIVOI]W
8SYGLOI]WQE]RSX[SVOTVSTIVP]MJEQSFMPITLSRIGEWISVTPEWXMGGSZIVMWGSZIVMRKXLIQ
/IITQIXEPPMGSVSXLIVGSRHYGXMZIQEXIVMEPWE[E]JVSQXLIWYVJEGISJXLIXSYGLWGVIIR'SRXEGX
[MXLXLIQQE]VIWYPXMRIVVSVW
8LMWTLSRIEPPS[W]SYXSYWIETIRSVWX]PYWXSWIPIGX1IRYW=SYGEREPWSYWI]SYVJMRKIVXS
WIPIGX1IRYW
8LIXSYGLWGVIIRQE]RSXJYRGXMSRTVSTIVP]MRLSXERHLYQMHIRZMVSRQIRXW

+IXXMRK7XEVXIH
-RWXEPPMRKXLI7-1'EVHERH&EXXIV]
-RWXEPPMRKXLI7-1GEVH
=SYV7-1GEVHGSRXEMRW]SYVTLSRIRYQFIVWIVZMGIHIXEMPWERHGSRXEGXWERHQYWXFIMRWIVXIHMRXS]SYV
LERHWIX-J]SYV7-1GEVHMWVIQSZIH]SYVLERHWIXFIGSQIWYRYWEFPI I\GITXJSVIQIVKIRG]GEPPW
HITIRHMRKSR[LMGL'SYRXV]]SYEVIMREXXLIXMQI YRXMPEZEPMHSRIMWMRWIVXIH%P[E]WHMWGSRRIGXXLI
GLEVKIVERHSXLIVEGGIWWSVMIWJVSQ]SYVLERHWIXFIJSVIMRWIVXMRKSVVIQSZMRK]SYV7-1GEVH7PMHIXLI
7-1GEVHMRXSXLI7-1GEVHLSPHIV1EOIWYVIXLEXXLI7-1GEVHMWTVSTIVP]MRWIVXIHERHXLIKSPHGSRXEGX
EVIESRXLIGEVHMWJEGMRKHS[R[EVHW8SVIQSZIXLI7-1GEVHTVIWWHS[RPMKLXP]ERHTYPPMXKIRXP]
SYX[EVHW
8SMRWIVXXLI7-1GEVH
8SVIQSZIXLI7-1GEVH
2SXI
Z8LIQIXEPGSRXEGXSJXLI7-1GEVHGERIEWMP]FIHEQEKIHF]WGVEXGLIW4E]WTIGMEPEXXIRXMSRXSXLI7-1
GEVH[LMPILERHPMRK*SPPS[XLIMRWXVYGXMSRWWYTTPMIH[MXLXLI7-1GEVH

-RWXEPPMRKXLIFEXXIV]
6IQSZIXLIFEXXIV]GSZIV EWWLS[RFIPS[ %PMKRXLIQIXEPGSRXEGXWSRXLIFSXXSQIHKISJXLIFEXXIV]
GSQTEVXQIRX4VIWWXLISXLIVIRHSJXLIFEXXIV]HS[RYRXMPMXGPMGOWMRXSTPEGI*MREPP]TPEGIXLIFEXXIV]
GSZIVSRXLITLSRIEWWLS[RFIPS[
'LEVKMRKXLI&EXXIV]
&IJSVIGSRRIGXMRKXLIGLEVKIVXSXLITLSRI]SYQYWXJMVWXGLIGOMJXLIFEXXIV]MWMRWXEPPIH

+IXXMRK7XEVXIH
'LEVKMRK1SHI
;LIR]SYGLEVKI]SYVTLSRIXLITLSRIvW0)(RI\XXSXLIIEVTMIGISJ]SYVTLSRIXYVRWVIH
;LIRXLITLSRIMWJYPP]GLEVKIHXLI0)(XYVRWKVIIR
2SXI
Z-JXLITLSRIMWSJJ[LMPIGLEVKMRK]SYGERTVIWWXLITS[IVOI]JSVETTVS\WIGSRHWERHMX[MPPXYVRSR
Z;LIRXLIFEXXIV]MWGSQTPIXIP]HMWGLEVKIHXLIVIH0)(FPMROWERH]SYGERvXXYVRSRXLITLSRIEXXLMW
QSQIRX%WWSSREWXLIGLEVKIHTS[IVVIEGLIW EJXIVEJI[QMRYXIW XLI0)(WXSTWFPMROMRKERH
GLEVKMRKERMQEXMSRMWHMWTPE]IH8LIR]SYGERTS[IVSRXLITLSRI
'%98-32
;%62-2+

(MWGSRRIGXMRKXLI'LEVKIV
(MWGSRRIGXXLIXVEZIPEHETXIVJVSQXLITLSRIEWWLS[RMRXLIHMEKVEQFIPS[1EOIWYVI]SYTYPPXLI
TPYKRSXXLIGSVH

+IXXMRK7XEVXIH
,S[XS9WIE1MGVS7(1IQSV]'EVH 3TXMSREP
8LI)MTERHQSVI
+EQIW
3TIRWXLIJSPHIVGSRXEMRMRK+EQIW
0+1IRY
3TIRWXLI0+1IRY
%8 81YWMG 3TIRWXLIJSPHIVGSRXEMRMRKEZEVMIX]SJQYWMGETTW
;MRHS[W
0IXWYWIVWW]RGXLIMVIQEMPJVSQ;MRHS[W0MZI,SXQEMPEW[IPP
0MZI
EWXLIMV;MRHS[W0MZI'SRXEGXW
3JJMGI
3TIRWXLIJSPHIVGSRXEMRMRKXLI173JJMGI1SFMPIETTPMGEXMSRW
1SFMPI
)\GIP1SFMPI4S[IV4SMRX1SFMPI3RI2SXI1SFMPIERH;SVH
1SFMPI
*MPI)\TPSVIV *MPI)\TPSVIVMWETVSKVEQJSVQEREKMRKJMPIWSRXLITLSRIERH
QIQSV]GEVH
-QEKI
1IRY
,IPT
+IXXMRK
7XEVXIH
7IEVGL
4LSRI
4MGXYVIW 
:MHISW
;MRHS[W
1IHME
(IWGVMTXMSR
3TIRWYTXLILIPTJYRGXMSREPPS[MRK]SYXSEGGIWWQSVI
MRJSVQEXMSREFSYXLS[XSYWI]SYVTLSRI
%PPS[W]SYXSIEWMP]WIXYTXLIQSWXGSQQSRP]YWIHJYRGXMSRW
SR]SYVTLSRI
7IEVGL4LSRI[MHKIXXLEX[MPPWIEVGL]SYVTLSRIERHMXWZEVMSYW
ETTWMRGPYHMRKIQEMPGEPIRHEVGSRXEGXWQIWWEKIWXEWOWERH
;SVHHSGYQIRXWXSJMRHVIWYPXW
%PPS[W]SYXSFVS[WI]SYVTLSRIJSPHIVWJSV4MGXYVIWERH:MHISW
3TIRW;MRHS[W1IHME4PE]IV

9WMRKXLI0+1IRY
8ET 7XEVXERHXLIR 0+1IRYXSEGGIWWXLI0+1IRY8LIEZEMPEFPIJYRGXMSRWEVISVKERM^IHF]
GEXIKSV]8LIGEXIKSVMIWEVI'SQQYRMGEXMSRW1YPXMQIHME%TTPMGEXMSRWERH7IXXMRKW
8LIWMHIZSPYQIOI]W[MPPGSRXVSPXLI7]WXIQZSPYQI[LIRXLIWGVIIRMWMHPIXLI)EVTMIGIZSPYQIHYVMRK
EGEPPERHXLI1YWMG7SYRHZSPYQI[LIRTPE]MRKEXVEGO

=SYGERTVIWWXLI1YPXMXEWOMRK/I]XSKSHMVIGXP]XSXLI1YPXMXEWOMRKQIRY*VSQLIVI]SYGERZMI[XLI
ETTPMGEXMSRWXLEXEVIGYVVIRXP]VYRRMRKERHEGGIWWSVGPSWIXLIQ[MXLSRIXSYGL
-J]SYXSYGL1IRY]SYGERIRHEPPXEWOWEXEXMQISVEGXMZEXI17XEWOQEREKIV

'YWXSQM^MRK8SHE]7GVIIR
8LI8SHE]WGVIIRHMWTPE]WMQTSVXERXMRJSVQEXMSRWYGLEWYTGSQMRKETTSMRXQIRXWERHWXEXYWMRHMGEXSVW
+SXS7XEVX"7IXXMRKW"8SHE]"%TTIEVERGI XEF XSGSRJMKYVIXLISZIVEPPPSSOSJ]SYVTLSRI+SXS7XEVX
"7IXXMRKW"8SHE]"-XIQW XEF XSGSRJMKYVIXLI8SHE]WGVIIR
8SGLERKIXSXLI0+,SQIWGVIIR SXLIV[MWIORS[REWXLI0+-HPIWGVIIRWIITEKIJSVHIXEMPW WIPIGX
0+-HPIW8SWIPIGXXLIHIJEYPX178SHE]WGVIIRWIPIGX;MRHS[W(IJEYPX
'LIGOXLI8SHE]XMQISYXERHWIPIGXXLIRYQFIVSJLSYVWJVSQXLIHVSTHS[RPMWX-J]SYHSRvXYWI]SYV
TLSRIEJXIVXLIWTIGMJMIHPIRKXLSJXMQILEWIPETWIHXLIWGVIIRW[MXGLIWXSXLI8SHE]WGVIIR

8LI8SHE]WGVIIRFIPS[MWEZEMPEFPIMJ]SYGLSSWIXSHIWIPIGXFSXLXLI;MRHS[W(IJEYPXWGVIIR
ERHXLI0+-HPIWGVIIRSTXMSRW8LMWWGVIIRMWEFPIXSHMWTPE]QSVISTXMSRWERHQIRYWQEOMRKMXQSVI
GYWXSQM^EFPI

'EPP
=SYGERGEPPIEWMP][MXLXLIWQEVXHMEPJIEXYVI-J]SYTVIWWER]SRISVQSVIFYXXSRWSRXLIHMEPTEHXLI
WGVIIRHMWTPE]WXLITLSRIRYQFIVSVXLIREQIWMR'SRXEGXWSV'EPP,MWXSV]WXEVXMRK[MXLXLIRYQFIV W SV
GLEVEGXIVW]SYIRXIV8LIR]SYGERWIPIGXXLIRYQFIV]SY[ERXXSGEPP
2SXI
Z
-J]SYXETE[VSRKRYQFIVXETXLI&EGOEVVS[   XSIVEWIMRHMZMHYEPRYQFIVWSRIEXEXMQI8S
HIPIXIEPPXLIRYQFIVWXETERHLSPHXLI&EGOEVVS[
'EPP,MWXSV]8ETXLI7IRHOI]
XLIRWIPIGX'EPP,MWXSV]
=SYVTLSRIWEZIWXLIQSWXVIGIRXQMWWIHVIGIMZIHERHHMEPIHGEPPWEPSRK[MXLXLIGEPPPIRKXLWMRXLI
'EPPLMWXSV]QIRY*VSQXLMWQIRY]SYGERIEWMP]TPEGIEGEPPXSXLIQSWXVIGIRXHMEPIHVIGIMZIHSV
QMWWIHGEPPW
1EOMRKE'EPPJVSQ4LSRI
3RXLI,SQIWGVIIRTVIWWXLI7IRHOI]
XSSTIRXLIOI]TEH
/I]MRXLIRYQFIVYWMRKXLIOI]TEHERHXETXLI7IRHOI]
SVXLI7IRHFYXXSRSRXLIWGVIIR
8SIRHXLIGEPPTVIWWXLI)RHLEVHOI]SVXLI)RHFYXXSR
1EOMRKE'EPPJVSQ]SYVGSRXEGXW
8ET7XEVX"0+1IRY"0+'SRXEGXWSVXET'SRXEGXWSRXLIFSXXSQPIJXSJ]SYV,SQIWGVIIR
7GVSPPXSXLIGSRXEGX]SY[ERXXSGEPP
8ETXLIGSRXEGXXSWIPIGXMXERHTVIWWXLI7IRHOI]


%RW[IVMRKERHVINIGXMRKXLIGEPP
;LIR]SYVTLSRIVMRKWTVIWWXLI7IRHOI]
SVXETXLI%RW[IVFYXXSRSRXLIWGVIIR
8SVINIGXERMRGSQMRKGEPPTVIWWXLI)RHOI]SVXETXLI6INIGXFYXXSRSRXLIWGVIIR
-RGEPPSTXMSRW
8SYGL
XSXYVRXLIWTIEOIVTLSRISR8SYGLEKEMRXSXYVRSJJ
1YXI8SYGL
XSXYVRXLIQMGVSTLSRISJJWSXLITIVWSR]SYEVIXEPOMRK
XSGERRSXLIEV]SY
,SPH8SYGL
XSTYXEGEPPSRLSPH
1IRY'LSSWIJVSQEPMWXSJJYVXLIVMRGEPPSTXMSRW
)RHWXLIGEPP
7IEVGL]SYVGSRXEGXWHYVMRKEGEPP
-RZMXIEVHTIVWSRMRXSXLIGEPP
/I]TEH8SYGLXSSTIRERYQIVMGEPOI]TEHJSVREZMKEXMRKQIRYW[MXL
RYQFIVIHSTXMSRW[LIRHMEPMRKGEPPGIRXIVWSVSXLIVEYXSQEXIHXIPITLSRI
WIVZMGIW

7LEVMRKE:MHISHYVMRK]SYV4LSRI'EPP
(YVMRKEGEPP]SYEVIEFPIXSWLEVIERHSVVIGIMZIZMHIS[MXLSXLIVW[LSLEZIE:MHIS7LEVIGETEFPI
TLSRI(YVMRKEZSMGIGEPPXLITLSRI[MPPPIX]SYORS[[LIRIZIV]SYGERWLEVIZMHISF]WLS[MRKXLI
w:MHIS7LEVI6IEH]xFYXXSR
2SXI
8LMWWIVZMGIMWSRP]EZEMPEFPIMRXLIJSPPS[MRKGSRHMXMSRW
Z
7YFWGVMFIHSRXLI:MHIS7LEVIWIVZMGI
Z
4VIWIRGISJWUYEVIWLETIHMRHMGEXMSRWYGLEWu+vEXXLIXSTSJ]SYVWMKREPWXVIRKXLMGSR
-RMXMEXMRKE:MHIS7LEVI7IWWMSR
3RGIXLIZSMGIGEPPLEWFIIRIWXEFPMWLIHEJXIVEJI[WIGSRHW]SYGERWIIXLI:MHIS7LEVI6IEH]SR
XLIWGVIIRTVSZMHIHXLEXXLISXLIVTEVX]vWTLSRIMWEPWS:MHIS7LEVIGETEFPI8LIR]SYEVIVIEH]XS
WXEVXWLEVMRK]SYVZMHIS[MXLXLISXLIVTEVX]
8SWYKKIWX0MZI:MHIS7LEVIWIWWMSRXSXLISXLIVTEVX]WMQTP]XET:MHIS7LEVI6IEH]SRXLIWGVIIRSV
XLIGEQIVEOI]SRXLIVMKLXWMHI
2SXI
Z
-J]SYWIX%YHMS%PIVX 8ET7XEVX"7IXXMRKW"7]WXIQ":MHIS7LEVI EW32 HIJEYPXWIXMW3** ]SY
[MPPVIGIMZIEREYHMSEPIVX[LIR:MHIS7LEVIMWVIEH]
2SXI
Z
-JXLISXLIVTEVX]MWRSXEFPIXSLSPHE:MHIS7LEVI'EPPXLIRXLIGEPP[MPPFIXIVQMREXIH

8LIVIEVISTXMSRWXSWIPIGXXLIX]TISJ:MHIS7LEVIFIX[IIR0MZIERH6IGSVHIH=SYGERGLSSWISRISJ
XLIWLEVMRKX]TIWEJXIVWIPIGXMRK:MHIS7LEVISRXLI1IRY
Z0MZI=SYGERWLEVIEVIEPXMQIZMHISWXVIEQ[MXLXLISXLIVTEVX][LMPILEZMRKEGSRZIVWEXMSR
Z6IGSVHIH=SYGERWLEVIETVIVIGSVHIHZMHISGPMT[MXLXLISXLIVTEVX][LMPILEZMRKEGSRZIVWEXMSR
2SXI
Z3RP]ZMHISJMPIWXLEXVIGSVHIHSRVIWSPYXMSREVIEFPIXSFIWLEVIH
-JXLISXLIVTEVX]EGGITXW]SYVVIUYIWXEZMHISWLEVIWIWWMSRFIKMRW
-XGERXEOIEJI[WIGSRHWJSVXLISXLIVTEVX]XSEGGITX]SYVMRZMXEXMSRERHWXEVXXLI:MHIS7LEVI'EPP
7IPIGXXLI7834QIRYMXIQEXER]XMQI[LIR]SY[ERXXSUYMXWIRHMRKZMHISSVTVIWWXLI
XS
JMRMWLFSXLXLIZSMGIGEPPERHXLIZMHISWLEVIWIWWMSR

6IGIMZMRKE:MHIS7LEVI7IWWMSR
-J]SYKIXXLI:MHIS7LEVIMRZMXEXMSRTSTYTXET%GGITXXSEPPS[XLISXLIVTEVX]XSWIRHZMHISWXVIEQ
-J]SYHSRvX[ERXXSEGGITXXLIVIUYIWXXET(IGPMRI
2SXI
Z
8LIWTIEOIVTLSRI[MPPFIEYXSQEXMGEPP]XYVRIHSR[LIRE:MHIS7LEVIWIWWMSRKIXWWXEVXIHERH
EYXSQEXMGEPP]FEGOXSXLITVIZMSYWQSHI[LIRE:MHIS7LEVIWIWWMSRIRHW
Z
;LIRE,ERHWJVIIHIZMGI &PYIXSSXLSVWXIVISLIEHWIX MWGSRRIGXIH7TIEOIVTLSRI[MPPRSXFIXYVRIH
SREYXSQEXMGEPP]
%HHMXMSREP;E]WXS-RMXMEXIE:MHIS7LEVI'EPP
*VSQ'SRXEGXW'EPP,MWXSV]ERHXLI'EQIVETVIZMI[WGVIIR]SYGERMRMXMEXIE:MHIS7LEVIGEPP
-RMXMEXMRKE:MHIS7LEVI'EPP*VSQ'EQIVE4VIZMI[
;LIR]SYWIIWGIRIV]XLVSYKLXLIGEQIVETVIZMI[WGVIIR]SYQE][ERXXSWLEVI8LIR]SYGERMRMXMEXI
XLIZMHISWLEVIGEPP[MXL[LSLEWEZMHISWLEVIGETEFPITLSRI
3TIRXLI'EQIVEJYRGXMSR8LIXETXLI MGSRSRXLIPIJXFSXXSQSJXLIGEQIVETVIZMI[WGVIIR
7IPIGXEGSRXEGXJVSQXLIPMWXXSMRMXMEXIE:MHIS7LEVI'EPP
E8ETXLIRYQFIVXSGEPP3V
F)RXIVERI[TLSRIRYQFIV8ETXLIPS[IVVMKLX1IRYSTXMSRERHWIPIGX)RXIV2I[2YQFIV
%JXIVEWYGGIWWJYPGEPPWIXYTERHGLIGOMRKXLISXLIVTEVX]vWGETEFMPMX]SJ:MHIS7LEVIXLIZMHISWLEVI
MRZMXEXMSR[MPPFIEYXSQEXMGEPP]VIUYIWXIH

-RMXMEXMRKE:MHIS7LEVI'EPP*VSQ'SRXEGXW
=SYGEREPWSMRMXMEXIE:MHIS7LEVI'EPPHMVIGXP]JVSQXLI'SRXEGXWPMWX
7IPIGXXLIGSRXEGXERHLMKLPMKLXXLIRYQFIVMJMXLEWQSVIXLERSRITLSRIRYQFIV
8ETXLI1IRY":MHIS7LEVIERH]SYGERGLSSWIXLIWLEVMRKX]TIFIX[IIR0MZIERH6IGSVHIH
%JXIVEWYGGIWWJYPGEPPWIXYTERHGLIGOMRKXLISXLIVTEVX]vWGETEFMPMX]SJ:MHIS7LEVI:MHISWLEVI
MRZMXEXMSR[MPPFIEYXSQEXMGEPP]VIUYIWXIH
-RMXMEXMRKE:MHIS7LEVI'EPP*VSQ'EPP,MWXSV]
=SYGEREPWSMRMXMEXI:MHIS7LEVI'EPPJVSQ'EPP,MWXSV]
4VIWWXLI7IRHOI]
ERHWIPIGX'EPP,MWXSV],MKLPMKLXXLIHIWMVIHGSRXEGX
8ETXLI1IRY":MHIS7LEVIERH]SYGERGLSSWIXLIWLEVMRKX]TIFIX[IIR0MZIERH6IGSVHIH
%JXIVEWYGGIWWJYPGEPPWIXYTERHGLIGOMRKXLISXLIVTEVX]vWGETEFMPMX]SJ:MHIS7LEVI:MHISWLEVI
MRZMXEXMSR[MPPFIEYXSQEXMGEPP]VIUYIWXIH
7EZMRK]SYV:MHIS7LEVI
=SYGERVIGSVHEZMHISWXVIEQEWEGPMTHYVMRKEPMZI:MHIS7LEVIWIWWMSR8LIVI[MPPFIETVSQTX
EWOMRKMJ]SY[SYPHPMOIXSWEZISVHMWGEVHXLIZMHISEXXLIIRHSJEVIGSVHMRK-J]SYGLSSWIXSWEZIXLI
ZMHISMX[MPPFIWEZIHMRXLI1](SGYQIRXWJSPHIVMR]SYVTLSRI
2SXI
Z
;LIR]SYLEZIVIGSVHIH:MHIS7LEVIJMPI]SYGERQEOIZMHISWLEVIGEPPMR4LSXS%PFYQSV1]
1YPXMQIHME

'SRXEGXW8ET7XEVX"0+1IRY
"0+'SRXEGXWMRXLI'SQQYRMGEXMSRWXEF
3ZIVZMI[SJ'SRXEGXW
'SRXEGXWWIVZIWEW]SYVEHHVIWWFSSOERHMRJSVQEXMSRWXSVEKIWTEGIJSVXLITISTPIERHFYWMRIWWIW]SY
GSQQYRMGEXI[MXL=SYGERWXSVITLSRIRYQFIVWIQEMPEHHVIWWIWLSQIEHHVIWWIWERHER]SXLIV
MRJSVQEXMSRXLEXVIPEXIWXSEGSRXEGXWYGLEWEFMVXLHE]SVERERRMZIVWEV]HEXI=SYGEREPWSEHHETMGXYVI
MJXLIGSRXEGXMWWEZIHMRXLI4LSRIvWQIQSV] SVEWWMKREVMRKXSRIXSEGSRXEGX
*VSQXLIGSRXEGXPMWX]SYGERUYMGOP]GSQQYRMGEXI[MXLTISTPI8ETEGSRXEGXMRXLIPMWXJSVEWYQQEV]SJ
GSRXEGXMRJSVQEXMSR*VSQXLIVI]SYGERGEPPWIRHEQIWWEKIERHWSSR
7IEVGLMRKJSVEGSRXEGX
7XEVX"0+1IRY"0+'SRXEGXW -RXLI'SQQYRMGEXMSRWXEF 
&VS[WIXLI'SRXEGXWPMWXXSJMRHXLI'SRXEGX]SYEVIPSSOMRKJSVSVXSYGL SRXLIXSTSJXLIPMWXERH
IRXIVXLIGSRXEGXREQIYWMRKXLIOI]TEH
7IPIGXXLIGSRXEGX]SY[ERXXLIRXLISTXMSRWETTIEVSRXLIWGVIIR'LSSWI[LEX]SY[SYPHHSJVSQ
XLI7IRH1IWWEKI&PSK:MHIS7LEVI7IRH:GEVH)HMX'LERKI7XSVEKIERH(IPIXIJYRGXMSRW
=SYGEREPWSZMI[XLIGSRXEGXWMRGEXIKSVMIWWYGLEW'SRXEGXW+VSYTW*EZSVMXIWERH6IGIRXP]:MI[IH
F]XETTMRKXLIFS\SRXSTSJXLIWGVIIR 'SRXEGXWMWWIXXSHIJEYPX 
%HHMRKERI[GSRXEGX
7IPIGX0+'SRXEGXWXSSTIRXLIEHHVIWWFSSO8ET2I['SRXEGXWERHIRXIVXLIRI[GSRXEGXMRJSVQEXMSR
WYGLEW2EQI'SQTER](MWTPE]IH2EQI8]TIERHWSSR=SYGEREPWSGLSSWI[LIXLIVXSWEZIXLI
GSRXEGXXS,ERHWIXSV97-1ERH%HH4MGXYVI

8S'VIEXIE'SRXEGX
8ET7XEVX"0+1IRY "0+'SRXEGXWMRXLI'SQQYRMGEXMSRWXEF
8ET2I['SRXEGXWERHIRXIVXLIGSRXEGXMRJSVQEXMSR
8ET7EZI8SERHGLSSWIJVSQ,ERHWIXSV97-1
)RXIVGSRXEGXHIXEMPW
;LIRJMRMWLIHXET3/
8MT
Z
-JWSQISRI[LSMWRSXMR]SYVPMWXSJGSRXEGXWGEPPW]SYSVWIRHW]SYEQIWWEKI]SYGERGVIEXIE
GSRXEGXJVSQ'EPP,MWXSV]F]XETTMRK1IRY"7EZIXS'SRXEGXW-J]SY[ERXXSWEZIXLIRYQFIVSJXLI
GSRXEGX[LSWIRX]SYEQIWWEKIXET1IRYERH7EZI2YQFIVJVSQXLIQIWWEKI
8S'LERKI'SRXEGX-RJSVQEXMSR
8ET7XEVX"0+1IRY "0+'SRXEGXWMRXLI'SQQYRMGEXMSRWXEF
'LSSWIXLIGSRXEGXJVSQXLIPMWX
8ET1IRY")HMXERHIRXIVXLIGLERKIW
;LIRJMRMWLIHXET7EZI

8S*MRHE'SRXEGX
8LIVIEVIWIZIVEP[E]WXSJMRHEGSRXEGX[LIR]SYVGSRXEGXPMWXMWPSRK
8ET7XEVX"0+1IRY "0+'SRXEGXWMRXLI'SQQYRMGEXMSRWXEF
8ETXLI7IEVGLMGSR XSFIEFPIXSWIEVGLXLIGSRXEGXPMWXF]IRXIVMRKXLI'SRXEGXREQI
-RXLIGSRXEGXPMWXHSER]SJXLIJSPPS[MRK
Z-R2EQIZMI[XLIGSRXEGXWEVIPMWXIHMREPTLEFIXMGEPSVHIV-JRSXMR2EQIZMI[ HIJEYPX XET1IRY"
:MI[F]2EQIMRXLIGSRXEGXQIRY
Z8SWIIEWYQQEV]SJMRJSVQEXMSREFSYXEGSRXEGXXETXLIGSRXEGX*VSQXLIVI]SYGEREPWSQEOIEGEPP
WIRHEQIWWEKIIXG
Z=SYGEREPWSWIIEPMWXSJEZEMPEFPIEGXMSRWJSVEGSRXEGXF]XETTMRKXLIGSRXEGX WREQISRXLIPMWX
Z8SWIIEPMWXSJGSRXEGXWIQTPS]IHF]EWTIGMJMGGSQTER]XET1IRY":MI[F]'SQTER]8LIRXET
XLIGSQTER]REQI
8S'ST]7-1'SRXEGXXS,ERHWIX
-J]SYLEZIWEZIHGSRXEGXWSR]SYV7-1GEVH]SYGERGST]XLIQXSXLI,ERHWIXQIQSV]8LI]GERFI
GSTMIHSRIEXEXMQIWIZIVEPEXEXMQISVEPPEXSRGI
8ET7XEVX"0+1IRY "0+'SRXEGXWMRXLI'SQQYRMGEXMSRWXEF
8ET1IRY"'LERKI7XSVEKI"'ST]XS,ERHWIX=SYV'SRXEGXW[MPPETTIEVMREPMWXJVSQ[LIVIXLI]
GERFIWIPIGXIHJSV'ST]MRK
'LIGOXLIGSRXEGXXSGST]XS]SYVLERHWIXSRIF]SRISVXET1IRYXS7IEVGLSV7IPIGX%PP
2SXI
Z=SYGEREPWSGST]'SRXEGXWSR]SYVHIZMGIXS]SYV7-1GEVHF]WIPIGXMRK'ST]8S7-1EWWLS[RMRWXIT
 EFSZI 

7IRHMRK1IWWEKIW8ET7XEVX"0+1IRY
"1IWWEKMRKMRXLI'SQQYRMGEXMSRWXEF
"1IRY"2I["7171173VWMQTP]WIPIGXXI\X"'SQTSWI 0IJXWSJXOI] "717SV117
8ETXLI8SJMIPHXSIRXIVXLIVIGMTMIRX7MQTP]X]TIXLIRYQFIVSVSTIR]SYVGSRXEGXWSVJEZSVMXIW
F]XETTMRK 3RGI]SYGLIGOXLIVIGMTMIRXWXET-RWIVXXSVIXYVRXSXLIQIWWEKIWGVIIR
=SYGEREHHQYPXMTPIGSRXEGXWF]WITEVEXMRKIEGLRYQFIV[MXLEWIQMGSPSR  ;LIR]SYLEZI
JMRMWLIHXETXLIXI\XJMIPHFIPS[XSGSQTSWIXLIQIWWEKIXI\X
;LIR]SYLEZIJMRMWLIHIRXIVMRKXLIXI\XXET3/ERHXLIRXET7IRH717SRXLIXSTSJXLIWGVIIR
XSWIRHXLIQIWWEKI2SXIXLEX[LIR]SYEVIIRXIVMRKXLIXI\X]SYGEREHHXI\XXIQTPEXIW
IQSXMGSRWSVREQIWERHRYQFIVWF]XSYGLMRK1IRYEXXLIPS[IVVMKLXSJXLIQIWWEKI
8ETXSIRXIVVIGMTMIRX
8ETXSMRWIVXEXXEGLQIRXW
1IWWEKIQIRY
2SXI
Z=SYGEREHHYTXSVIGMTMIRXW

)RXIVMRKXI\XW
9WMRKXI\XMRTYXQIXLSH
8LIVIEVIZEVMSYWMRTYXQIXLSHW[LIRYWMRKXLIXSYGLWGVIIRMRGPYHMRK&PSGO6IGSKRM^IV/I]FSEVH
0IXXIV6IGSKRM^IV8VERWGVMFIVERH<8/I]TEH8LI-RTYXMGSRETTIEVWSRXLIQIRYFEVXSMRHMGEXI[LMGL
MRTYXQIXLSHMWGYVVIRXP]WIPIGXIH8LI-RTYX7IPIGXSVEVVS[ WLS[REXXLIVMKLXSJXLI-RTYXMGSR STIRWE
PMWXSJEZEMPEFPIMRTYXQIXLSHW
8VERWGVMFIVMWE
LERH[VMXMRKVIGSKRMXMSR
TVSKVEQXLEXEPPS[W]SY
XS[VMXIMRGYVWMZIFPSGO
PIXXIVWSVEGSQFMREXMSR
SJFSXL8VERWGVMFIV[SVOW
XVERWTEVIRXP]MRXLI
FEGOKVSYRHSJTVSKVEQW
VIGSKRM^MRK[SVHW[MXL
MXWMRXIKVEXIHHMGXMSREV]

8SIRXIVXI\XW]QFSPWERH
RYQFIVW]SYGERIMXLIVX]TI
YWMRKXLI5;)68=/I]FSEVH
XSX]TI%&'GLEVEGXIVWSVXLI
;LIR8VERWGVMFIVMWXYVRIH
SRMXMRXIVTVIXWWX]PYW
WXERHEVHSRWGVIIR/I]FSEVH
MRTYX
QSZIQIRXER][LIVISR
XLIWGVIIREWLERH[VMXMRK
8VERWGVMFIV+IWXYVIW
9WIUYMGOWXVSOIWSJXLIWX]PYWXSIHMX]SYVXI\XSVMRWIVXVIXYVRWWTEGIWSVXEFW
(S
8S
-RWIVXETEVEKVETLVIXYVREXXLIGYVWSV
8LILSVM^SRXEPTEVXSJXLIKIWXYVIQYWXFIEXPIEWXX[MGIXLIPIRKXLSJXLIZIVXMGEPTEVX
-RWIVXEWTEGIEXXLIGYVWSV
8LILSVM^SRXEPTEVXSJXLIKIWXYVIQYWXFIEXPIEWXX[MGIXLIPIRKXLSJXLIZIVXMGEPTEVX
1SZIXLIGYVWSVSRIWTEGIFEGOXSIVEWIER]XI\X
1EOIXLIKIWXYVIF]HVE[MRKEPMRIJVSQVMKLXXSPIJX
3TIRXLIQIRYSJEPXIVREXI[SVHWMJE[SVHMWWIPIGXIHSVSTIRXLISRWGVIIR8VERWGVMFIV
OI]FSEVHMJRSXI\XMWWIPIGXIH
1EOIXLIKIWXYVIF]HVE[MRKEPMRIWXVEMKLXHS[RERHFEGOYT
'LERKIXLIGETMXEPM^EXMSRSJEWIPIGXIHPIXXIV[SVHSVFPSGOSJXI\X
1EOIXLIKIWXYVIF]HVE[MRKEPMRIWXVEMKLXYT
9RHSXLIPEWXEGXMSR
1EOIXLIKIWXYVIF]HVE[MRKEPMRIWXVEMKLXYTERHFEGOHS[R
'ST]XLIWIPIGXIHXI\X
1EOIXLIKIWXYVIF]HVE[MRKEPMRIJVSQPIJXXSVMKLXERHFEGO
'YXXLIWIPIGXIHXI\X
1EOIXLIKIWXYVIF]HVE[MRKEPMRIJVSQVMKLXXSPIJXERHFEGO
4EWXIGSTMIHSVGYXXI\X
1EOIXLIKIWXYVIF]HVE[MRKEPMRIJVSQXLIPS[IVPIJXSJXLIWGVIIRHMEKSREPP]YTXS[EVH
XLIVMKLXERHFEGOHS[RXSXLIVMKLX
-RWIVXEXEF
8LILSVM^SRXEPTEVXSJXLIKIWXYVIQYWXFIEXPIEWXX[MGIXLIPIRKXLSJXLIZIVXMGEPTEVX

2SXI
Z=SYGEREPWSYWIXLI)RXIV7TEGIERH&EGOWTEGIFYXXSRWSRXLI8VERWGVMFIVXSSPFEV
)RXIVMRK8I\XSR]SYVHIZMGIYWMRKXLI5;)68=/I]TEH
;LIR]SYTVIWWSRGIMX
EPPS[W]SYXSYWIXLI9TTIV
GLEVEGXIVWYGLEWWTIGMEP
GLEVEGXIVWERHRYQFIVWSR
IEGLFYXXSR4VIWWERHLSPH
XLI*2FYXXSRMJ]SY[ERX
XSGSRXMRYIIRXIVMRKYTTIV
GLEVEGXIVW

;LIR]SYTVIWWXLMWFYXXSRSRGIMXEGXW
EWE7LMJXFYXXSR4VIWWERHLSPHXLMWFYXXSRMJ
]SY[ERXXSYWIXLI7LMJXJYRGXMSRGSRXMRYSYWP]
)RXIVMRK8I\XSR]SYVHIZMGIMRTSVXVEMXZMI[
*YPP5;)68= (IJEYPXQSHI "
,EPJ5;)68="
;MXLXLI<8OI]TEH]SYGERIRXIVXI\XF]XSYGLMRKXLIOI]WHMWTPE]IHSRXLIWGVIIR8LMWMWXLI
QSWXGSQQSR[E]XSIRXIVXI\XMRTSVXVEMXQSHI
Z8LI<8/I]TEHMWEZEMPEFPI[LIRXI\XIRXV]MWTSWWMFPI
Z)RXIVPIXXIVWF]XSYGLMRKXLIPEFIPIHOI]W
*YPP5;)68=
-RTSVXVEMXQSHI*YPP5;)68=QSHIPIXW]SYIRXIVGLEVEGXIVWF]XSYGLMRKXLIPEFIPIHOI]

8LI,EPJ5;)68=
-R,EPJ5;)68=QSHIEWMRKPIXET[MPPHMWTPE]XLIJMVWXPIXXIVSJXLIOI]]SYXSYGLIH5YMGOP]
XSYGLMRKXLIOI]EWIGSRHXMQIVIWYPXWMRIRXIVMRKXLIWIGSRHPIXXIVSRXLIOI]-J<8MWWIXXS3R
]SYGERXETIEGLOI]SRGIJSVIEGLPIXXIVXLITLSRI[MPPHMWTPE]XLI[SVH]SYEVIX]TMRK8LMW
STXMSRVIHYGIWXLIRYQFIVSJOI]TVIWWIW
8ETXLI*2ERH()0OI]WXSW[MXGLFIX[IIR*YPP5;)68=ERH,EPJ5;)68=
)RXIVMRKW]QFSPW
7]QFSPQSHIEPPS[W]SYXSIRXIVZEVMSYWW]QFSPWERHWTIGMEPGLEVEGXIVW
-RJYPPSV,EPJ5;)6=QSHI8ET*2ERHXLIRGLSSWI[LEX]SY[ERXXSIRXIV3VXET*2ERHXLI
WTEGIOI]XSIRXIVEHHMXMSREPW]QFSPW
)RXIVMRKRYQFIVW
*YPP5[IVX]8ET*2XSIRXIVNYWXSRIRYQFIV8ETERHLSPH*2XSIRXIVRYQFIVWGSRXMRYSYWP]
,EPJ5[IVX]8ETXLIOI]
'%47OI]
8ETFVMIJP]XSEGXMZEXI9TTIVGEWIPIXXIVWJSVNYWXSRIGLEVEGXIV8ETERHLSPHXSIRXIV9TTIVGEWI
PIXXIVWGSRXMRYSYWP]
*2OI]
8ETFVMIJP]XSIRXIVXLI9TTIVGLEVEGXIVW8ETERHLSPHXSIRXIVXLI9TTIVGLEVEGXIVWGSRXMRYSYWP]

)RXIVMRKXLIXI\X[MXL<8QSHI
<8OI]
-J]SYWIX<8OI]TEHMW32]SYGERIRXIVXLIXI\X[MXL<8QSHI<8QSHIYWIWEFYMPXMRHMGXMSREV]XS
VIGSKRMWI]SYV[SVHWFEWIHSRXLIOI]WIUYIRGIW]SYXSYGL7MQTP]XSYGLXLIOI]EWWSGMEXIH[MXLXLI
PIXXIV]SY[ERXXSIRXIVERHXLIHMGXMSREV][MPPTVIHMGXXLI[SVH]SY[ERXXSYWI
)QEMP8ET7XEVX"0+1IRY
")QEMPMRXLI'SQQYRMGEXMSRWXEF
%FSYX)QEMP
=SYV;MRHS[W4LSRIWQEVXTLSRIGERGSRRIGXXS
GER[MVIPIWWP]W]RGLVSRM^IXLIWITIVWSREPIQEMPEGGSYRXW[MXL]SYV0+'2
[MVIPIWWP]W]RGLVSRM^IGSVTSVEXIIQEMPEGGSYRXW[MXL]SYV0+'28SWIXYTGSVTSVEXI
[MVIPIWWIQEMPSR]SYVWQEVXTLSRIYWIXLI1MGVSWSJXÂ’(MVIGX4YWLWIXYT

7IXYTE4IVWSREP)QEMP
8ET7IXYT)QEMPMRXLIIQEMPQIRY
)RXIV]SYV)QEMPEHHVIWW4EWW[SVHERHXET2I\X
%YXSGSRJMKYVEXMSREXXIQTXWXSHS[RPSEHRIGIWWEV]IQEMPWIVZIVWIXXMRKWWSXLEX]SYHSRSXRIIHXS
IRXIVXLIQQERYEPP]
2SXI
Z
7IPIGXXLI7EZI4EWW[SVHGLIGOFS\MJ]SY[ERXXSWEZI]SYVTEWW[SVHWSXLEX]SYHSRSX
RIIHXSIRXIVMXEKEMR
3RGI%YXSGSRJMKYVEXMSRLEWJMRMWLIHXET2I\X
)RXIV=SYVREQI XLIREQI]SY[ERXHMWTPE]IH[LIR]SYWIRHIQEMP ERHXLI%GGSYRXHMWTPE]REQI
8LIRXET2I\X
-J%YXSGSRJMKYVEXMSR[EWWYGGIWWJYPXLI%GGSYRXHMWTPE]REQIERH9WIVREQIJMIPHWEVIEYXSQEXMGEPP]
TSTYPEXIH8ET2I\XERHXLIR*MRMWLXSGSQTPIXIWIXXMRKYT]SYVEGGSYRXSVXET3TXMSRWXSEGGIWW
EHHMXMSREPWIXXMRKW
-J%YXSGSRJMKYVEXMSRMWYRWYGGIWWJYPGSRXEGX]SYV-74SVRIX[SVOEHQMRMWXVEXSVJSVXLIWIXYTMRJSVQEXMSR
ERHIRXIVMXQERYEPP]
;MVIPIWW'SVTSVEXI)QEMP
8SWIXYTGSVTSVEXI[MVIPIWWIQEMPSR]SYV0+'2GSRXEGX]SYV-8EHQMRMWXVEXSVJSVWIXYT
MRWXVYGXMSRWERHWYTTSVXJSV1MGVSWSJX(MVIGX4YWL1MGVSWSJX(MVIGX4YWLTVSZMHIW[MVIPIWW
EGGIWWXS]SYVGSVTSVEXIIQEMPGSRXEGXWGEPIRHEVERHXEWOWJSV1MGVSWSJX)\GLERKI7IVZIV
%GXMZEXIERETTVSTVMEXIIRXIVTVMWIHEXETPERJSV]SYV%8 8EGGSYRXFIJSVIYWMRK1MGVSWSJX(MVIGX
4YWL

7IRHER)QEMP
8ET7XEVX"0+1IRY"2I[)QEMPMRXLI'SQQYRMGEXMSRWXEFERHXLIRWIPIGX]SYVIQEMP
TVSZMHIV MJETTPMGEFPI 
-RXLI8SJMIPHHSSRISJXLIJSPPS[MRK
)RXIVERIQEMPEHHVIWW
)RXIVEGSRXEGXREQI
8ETXLI7YFNIGXJMIPHERHXLIRIRXIVXLIWYFNIGX
8]TIXLIXI\XMRXLIQIWWEKIFS\8SIHMX]SYVIQEMPWYGLEWEHHMRKJMPIWSV1IWWEKI3TXMSRW
XET1IRYERHXLIRWIPIGXXLISTXMSR]SY[ERX
%JXIVJMRMWLMRKXET7IRHEXXLIPS[IVPIJXSJXLIWGVIIR
(S[RPSEHMRK1IWWEKIW
,S[]SYHS[RPSEHQIWWEKIWHITIRHWSRXLIX]TISJEGGSYRX
7IVZIVXLVSYKL%GXMZI7]RG
-74 HS[RPSEHQIWWEKIWXLVSYKLEVIQSXIIQEMPWIVZIV
XYVRIHSJJ]SYVWIVZMGITVSZMHIVWXSVIWQIWWEKIWYRXMPXLIRI\XXMQI]SYVTLSRIMWXYVRIHSR

8S6ITP]XSSV*SV[EVHE1IWWEKI
3TIRXLIVIGIMZIH117QIWWEKIERHXLIRXET6ITP]1IRY"6ITP]6ITP]%PPSV*SV[EVH
)RXIV]SYVVIWTSRWI8SUYMGOP]EHHGSQQSRQIWWEKIWXET1IRY"8I\X8IQTPEXIWERHXLIR
XETEQIWWEKI
8ET7IRH
2SXI
Z=SY[MPPVIGIMZIEREPIVX[LIR]SYVIGIMZIQIWWEKIW1IWWEKIWEVIWXSVIHMRXLI-RFS\
Z-RXLI-RFS\]SYGERMHIRXMJ]IEGLQIWWEKIF]MGSRW
Z-JXLITLSRIRSXMJMIW]SYXLEXXLIVIMWRSQSVIWTEGIJSV7-1QIWWEKIW]SYQYWXHIPIXI
WSQIQIWWEKIWJVSQXLI-RFS\
Z-JXLITLSRIRSXMJMIW]SYXLEXXLIVIMWRSQSVIWTEGIJSVQSVIQIWWEKIW]SYGERJVIIWTEGI
F]HIPIXMRKQIWWEKIWQIHMEERHETTPMGEXMSRW
1IWWEKMRK
8LMWQIRYMRGPYHIWJYRGXMSRWVIPEXIHXSXI\XQIWWEKMRKERH117
1EREKMRK1IWWEKIW
Z8ET7XEVX"0+1IRY*VSQXLIVI]SYGERWIPIGXXLI1IWWEKMRKQIRYMRXLI'SQQYRMGEXMSRW
XEFXSZMI[]SYVEGGSYRXWMRGPYHMRK1IWWEKIWERHIQEMP
-RFS\:MI[VIGIMZIHQIWWEKIW7IPIGXEQIWWEKIXSZMI[MX
3YXFS\8LI3YXFS\MWEXIQTSVEV]WXSVEKIEVIEJSVQIWWEKIW[EMXMRKXSFIWIRX*EMPIH
QIWWEKIWEVIEPWSTPEGIHMRXLI3YXFS\
7IRX-XIQW0MWXWXLIQIWWEKIW]SYWIRX 1IWWEKIWIQEMP 
(VEJXW:MI[WEZIHQIWWEKIW7IPIGXEQIWWEKIERHXLIRIHMXMX
(IPIXIH-XIQW:MI[HIPIXIHMXIQW

%TT'IRXIV8ET7XEVX"0+1IRY
"%TT'IRXIVMRXLI1YPXMQIHMEXEF
2SXI
Z%HHMXMSREPGLEVKIWQE]ETTP][LIR]SYHS[RPSEHRI[GSRXIRX'SRXEGX%8 8JSVQSVI
MRJSVQEXMSR
6MRKXSRIW
8LMWQIRYSTXMSRGSRRIGXWXS%8 8vWVMRKXSRIHS[RPSEHWMXI
+EQIW
8LMWQIRYSTXMSRGSRXEMRWXLIKEQIWXSIRNS]
'SSP8SSP%TTW
:MHISW
8LMWQIRYSTXMSREPPS[WXSHS[RPSEHXLIZMHISJMPIWJVSQRIX[SVO
'SPSV+VETLMGW
8LMWQIRYSTXMSRGSRRIGXWXS%8 8vWKVETLMGWHS[RPSEHWMXI
*YR4EGOW
8LIQIW
8LMWQIRYSTXMSREPPS[WXSHS[RPSEHXLI[EPPTETIVXLIQIW
%RW[IVXSRIW
8LMWQIRYSTXMSREPPS[WXSWIXXLIXSRIJSVERW[IVMRKEGEPP
1)HME2IX,SQI
8LMWQIRYSTXMSRGSRRIGXWXS%8 8vW[IFTSVXEPXLEX]SYGERGYWXSQM^IXSHMWTPE]]SYVJEZSVMXI
MRJSVQEXMSR

1SFMPI;IF8ET7XEVX"0+1IRY
"1SFMPI;IFMRXLI1YPXMQIHMEXEF
1SFMPI;IFMW%8 8vW[IFTSVXEPXLEX]SYGERGYWXSQM^IXSHMWTPE]]SYVJEZSVMXIMRJSVQEXMSR
2SXI
Z1E]VIUYMVIER%8 8HEXETPER4PIEWIGSRXEGX]SYV%8 8[MVIPIWWVITVIWIRXEXMZIJSVQSVI
MRJSVQEXMSR
1YWMG4PE]IV8ET7XEVX"0+1IRY
"1YWMG4PE]IVMRXLI1YPXMQIHMEXEF
%PPS[W]SYXSYWIXLIQYWMGTPE]IVERHHMWTPE]W]SYVQYWMG=SYGERTPE]HMKMXEPEYHMSJMPIWWXSVIH
SR]SYVHIZMGISVSREQIQSV]GEVH
-J]SYXET1IRYSRXLIVMKLXWMHI]SYGERGLIGOQIRYWEWFIPS[
Z2I[4PE]PMWX'VIEXITIVWSREPTPE]PMWXW
Z%HHXS4PE]PMWX%HHRI[WSRKXSTPE]PMWX
Z(IPIXI4PE]PMWX(IPIXIETPE]PMWX

Z7IRH7IRHXLIWSRKZME1IWWEKI)QEMPSV&PYIXSSXL
Z1SZI'ST]1SZISVGST]XLIWSRKFIX[IIRJSPHIVSVQIQSV]
Z(IPIXI(IPIXIEWSRK
Z:MWYEPMWIV%PPS[W]SYXSGLERKIXLIFEGOKVSYRHMQEKIJSVXLIQYWMGTPE]IV
Z7SVXF]7SVXXLIWSRKSVPMWXF]REQISVHEXI
2SXI
Z'ST]VMKLXWSJQYWMGJMPIWQE]FITVSXIGXIHF]GST]VMKLXERHMRXIPPIGXYEPTVSTIVX]PE[W
8LIVIJSVI]SYQE]FIVIUYMVIHXSSFXEMRTIVQMWWMSRWSVPMGIRWIWFIJSVI]SYGERVITVSHYGI
SVGST]XLIQEXIVMEP-RWSQIGSYRXVMIWREXMSREPPE[TVSLMFMXWGST]MRKSJGST]VMKLXIH
GSRXIRXJSVTIVWSREPEVGLMZMRKEW[IPP4VMSVXSHS[RPSEHMRKSVGST]MRKJMPIWQEOIWYVI
XLEX]SYEHLIVIXSETTPMGEFPIPSGEPPE[WERHXLIPE[WSJGSVVIWTSRHMRKGSYRXVMIWSVVIKMSRW
VIKEVHMRKXLI8IVQWSJ9WISJGSRXIRX
%HHMRK1YWMGXS]SYV,ERHWIX
&IJSVI=SY7XEVX
8SXVERWJIVQYWMGJVSQ]SYV4'XS]SYVHIZMGI]SY[MPPRIIHXLIJSPPS[MRK
14(14(61SV1%

8VERWJIVVMRK1YWMGJVSQXLI(MKMXEP1YWMG7XSVIW
8VERWJIVVMRK1YWMGJVSQXLI(MKMXEP1YWMG7XSVI8SHS[RPSEHQYWMGJVSQ]SYVGSQTYXIVXS]SYV0+
'2LERHWIXEQMGVS7(GEVHMWVIUYMVIH8LMWMXIQMWWSPHWITEVEXIP]
KSXSLXXT[[[[MVIPIWWEXXGSQ
7XITWXSXVERWJIVQYWMGQE]ZEV]HITIRHMRKSRXLIQYWMGWXSVIERHWSJX[EVIFIMRKYWIH
9WMRK]SYVGSQTYXIVSTIR]SYVTVIJIVVIH4'QYWMGQEREKIQIRXWSJX[EVI RSXEPPQYWMG
QEREKIQIRXTVSKVEQWEVIKYEVERXIIHXS[SVO 
(S[RPSEHXLIWSRK]SY[ERXXS]SYVPMFVEV]
-RWIVXXLIQMGVS7(}GEVHMRXSXLILERHWIX
9WIXLI97&EHETXIVGEFPIXSGSRRIGXXLILERHWIXXSXLIXEVKIX4'
1SFMPI(IZMGI[MPPHMWTPE]SRXLIGSQTYXIVWGVIIR
,MKLPMKLXXLIWSRK]SY[ERXXSHS[RPSEHXSXLILERHWIX
6MKLXGPMGOXLILMKLPMKLXIHWSRKERHXLIRWIPIGX8VERWJIV8VEGO W XS4SVXEFPI(IZMGIJVSQXLI
HVSTHS[RQIRY8LMWWXITFIKMRWXLIHS[RPSEHTVSGIWW
%HHMRK1YWMGXS]SYV,ERHWIX
%HHQYWMGJMPIWXS]SYVLERHWIXYWMRKSRISVQSVISJXLI
JSPPS[MRKQIXLSHW
1YWMGJIEXYVI 7XEVX"%8 81YWMG"7LST1YWMG 
Â’
8VERWJIVVMRK1YWMGYWMRK;MRHS[W1IHME4PE]IV
%97&GEFPIQMGVS7(}GEVHERHSJ;MRHS[W1IHME4PE]IVEVIVIUYMVIHJSVXLMWTVSGIHYVI
3TIR;MRHS[W1IHME4PE]IV ZIVWMSRSVPEXIV 
9WIXLI97&EHETXIVGEFPIXSGSRRIGXXLILERHWIXXSXLIXEVKIX4'
1SFMPI(IZMGI[MPPHMWTPE]SRXLIGSQTYXIVWGVIIR
-RXLI;MRHS[W1IHME4PE]IVETTPMGEXMSRGPMGOXLI7]RGXEF4VIZMSYWP]HS[RPSEHIHWSRKWXLIR
HMWTPE] SRXLIPIJXWMHISJXLIETTPMGEXMSRMJ]SYEVIYWMRK;MRHS[1IHME4PE]IV 

'LSSWIXLIHIWXMREXMSRPSGEXMSRJSVXLIQIHMEJMPIW
2SXI
Z
-JXLIVIEVIRSMXIQWMRXLITPE]PMWXGPMGOXLI)HMX4PE]PMWXFYXXSRXSFIKMREHHMRKQYWMGJMPIWJVSQXLI
ZEVMSYWQIHMEGEXIKSVMIW
8SW]RGLVSRM^IXLIWSRKW[MXL]SYVLERHWIXWIPIGXXLIWSRKWERHXLIRVMKLXGPMGOERHWIPIGXXS
EHHXLIQXSXLI7]RG0MWX
'PMGO7XEVX7]RGMRXLIPS[IVVMKLXGSVRIVSJXLIETTPMGEXMSRXSHS[RPSEHXLIWIPIGXIHWSRKWXS
]SYVLERHWIX(SRSXYRTPYKXLILERHWIXHYVMRKXLMWTVSGIWW
-XMWRS[WEJIXSYRTPYKXLI97&GSRRIGXSVJVSQXLILERHWIX
8VERWJIVVMRKE4PE]PMWXXSXLILERHWIX
3TIR;MRHS[W1IHME4PE]IV ZIVWMSRSVPEXIV 
9WIXLI97&EHETXIVGEFPIXSGSRRIGXXLILERHWIXXSXLIXEVKIX4'
1SFMPI(IZMGI[MPPHMWTPE]SRXLIGSQTYXIVWGVIIR
-RXLI;MRHS[W1IHME4PE]IVETTPMGEXMSRGPMGOXLI0MFVEV]XEF
3RXLIPIJXWMHISJXLI0MFVEV]XEFGPMGO%PP1YWMG8LIVMKLXWMHISJXLITEKIXLIRHMWTPE]WEPPXLI
WSRKWXLITPE]IVTVIZMSYWP]JSYRH
6MKLXGPMGOXLIWSRKIRXV]ERHXLIRWIPIGX%HHXS"%HHMXMSREP4PE]PMWXW
-RXLI%HHXS4PE]PMWXHMEPSKGPMGOXLI2I[FYXXSRERHXLIRIRXIVEYRMUYITPE]PMWXREQI
'PMGO3/8LIRI[;MRHS[W1IHMETPE]PMWXMWXLIRHMWTPE]IHMRXLI1]4PE]PMWXWIGXMSRSJXLI
0MFVEV]XEF PIJXWMHI 
(VEKERHHVSTXLIRI[P]GVIEXIHTPE]PMWXJVSQXLI1]4PE]PMWXWIGXMSRXSXLITLSRI W1YWMG7]RG
4PE]IVPMWXIHNYWXEFSZIMX'PMGO7XEVX7]RG
2SXI
Z
-JXLIVIEVIRSMXIQWMRXLITPE]PMWXGPMGOXLI)HMX4PE]PMWXFYXXSRXSFIKMREHHMRKQYWMGJMPIWJVSQXLI
ZEVMSYWQIHMEGEXIKSVMIW
-XMWRS[WEJIXSYRTPYKXLI97&GSRRIGXSVJVSQXLILERHWIX

1YWMG%TTW
7IPIGXMRK1YWMG%TTWJVSQXLI%8 81YWMGWYFQIRYPEYRGLIWXLIFVS[WIVXSZMWMXEREVIE[LIVI
]SYGERTYVGLEWIQYWMGVIPEXIHETTPMGEXMSRWJSVHS[RPSEH
2SXI
Z
%HHMXMSREPGLEVKIWQE]ETTP][LIR]SYHS[RPSEHGSRXIRX'SRXEGX%8 8JSVQSVI
MRJSVQEXMSR
1SFMPI:MHIS8ET7XEVX"0+1IRY
"1SFMPI:MHISMRXLI1YPXMQIHMEXEF
':FVMRKW]SYUYMGOSRHIQERHEGGIWWXSRI[WWTSVXW[IEXLIVERHIRXIVXEMRQIRXZMHISGPMTW
'EXGLYTSR8:vWLSXXIWXWLS[WJYRRMIWXGSQIHMERWFMKKIWXLIEHPMRIWERHPEXIWXWTSVXWWGSVIW
=SYGERIZIRTIVWSREPM^I]SYVLSQITEKIJSVUYMGOEGGIWWXS]SYVJEZSVMXIW-REHHMXMSRXLI':
WIVZMGIWXVIEQWPSGEP[IEXLIVMRJSVQEXMSRXS]SYVTIVWSREPM^IH2I[W ;IEXLIVTEKIIZIV]HE]
1SFM&M^8ET7XEVX"0+1IRY
"1SFM&M^MRXLI1YPXMQIHMEXEF
1SFM&->MWEQSFMPIJMRERGIETTPMGEXMSR1SFM&M^MWEJIIFEWIHZMHISGIRXVMGETTPMGEXMSRXLEXSJJIVW
WXSGOHEXEFYWMRIWWRI[WERHVIPEXIHMRJSVQEXMSRMRGPYHMRKGSQTER]WTIGMJMG:3(GSRXIRX

+EQIW8ET7XEVX"0+1IRY
"+EQIWMRXLI1YPXMQIHMEXEF
-RXLI+EQIWWYFQIRY.EZEERH;MRHS[WKEQIWGERFIJSYRH=SYGERHS[RPSEHXLIJYPP
ZIVWMSRWSJXLIWIKEQIWWMRGISRP]8VMEPZIVWMSRWEVIMRGPYHIHJSVWSQISJXLIKEQIW
%TTW8ET7XEVX"0+1IRY
"%TTWMRXLI%TTPMGEXMSRWXEF
-RXLI%TTWWYFQIRYSJ1IRYWSQISJXLIWIZIVEP.EZEETTW 1]'EWX;IEXLIV2SXMJMIVJSV
M7OSSXERH;MOM1SFMPI GERFIJSYRH
9WMRK]SYV%PEVQ8ET7XEVX"0+1IRY
"%PEVQMRXLI%TTPMGEXMSRWXEF
'LSSWI2I[%PEVQERHXLIRYWI]SYVJMRKIVWXSWIXXLIXMQISRXLIGPSGO
7IPIGX6ITIEXERHXLIRGLSSWIXLIHE]WSR[LMGLXSVITIEXXLIEPEVQ
8ET7SYRH:MFVEXMSRERHXLIRGLSSWIXLIX]TISJEPEVQ%P[E]W7SYRH :MFVEXI%P[E]W
7SYRH%P[E]W:MFVEXIERHWSSR
8ET7EZISV1SVIXSJYVXLIVGYWXSQM^I]SYVEPEVQWIXXMRKW
=SYGEREPWSWIPIGX
XSYWIXLITLSRIEWEXMQIVUYMGOP]ERHIEWMP]
8ETXLMWMGSRXSXSKKPIXLI
%PEVQ3RSV3JJ

9WMRKXLI6776IEHIV8ET7XEVX"0+1IRY
"6776IEHIVMRXLI
'SQQYRMGEXMSRWXEF
677 6IEPP]7MQTPI7]RHMGEXMSR MWEJEQMP]SJ;IFJIIHJSVQEXWYWIHXSTYFPMWLJVIUYIRXP]YTHEXIH
GSRXIRXWYGLEWFPSKIRXVMIWRI[WLIEHPMRIWERHTSHGEWXW%R677HSGYQIRXGEPPIHEJIIH;IF
JIIHSVGLERRIPGSRXEMRWIMXLIVEWYQQEV]SJGSRXIRXJVSQEREWWSGMEXIH[IFWMXISVMXWJYPPXI\X
9WIVWWYFWGVMFIXSJIIHWF]IRXIVMRKXLIMVPMROWMRXSXLIVIEHIV9WIVWGERYTHEXIXLIWYFWGVMFIH
JIIHWVIKYPEVP]JSVRI[GSRXIRXERHHS[RPSEHWER]YTHEXIWMXJMRHW
;IEXLIV8ET7XEVX"0+1IRY
";IEXLIVMRXLI%TTPMGEXMSRWXEF
'LIGOXSHE]vW[IEXLIVERHXLI[IEXLIVJSVIGEWXMRER]GMX]]SYGLSSWI
8S'LERKIXLI'MX]ERH7XEXI
8ETXLI7IXXMRKWXEF
7GVSPPERHWIPIGXXLI6IKMSR'SYRXV]7XEXIERH'MX][LIVI]SY[ERXXSKIX[IEXLIVHEXE
7IX%YXSQEXMG9THEXIXS32XSVIGIMZIEYXSQEXMGYTHEXIW )ZIV]LSYV 
2SXI
Z8LMWJYRGXMSRQE]VIWYPXMREHHMXMSREPHEXEXVERWJIVJIIWJVSQ]SYVTVSZMHIV

9WMRK]SYV'EPGYPEXSV8ET7XEVX"0+1IRY
"'EPGYPEXSVMRXLI%TTPMGEXMSRWXEF
8ETXLIRYQFIVOI]WXSIRXIVRYQFIVW
*SVWMQTPIGEPGYPEXMSRWXETXLIJYRGXMSR]SY[ERX z\SVÛ JSPPS[IHF]!
*SVQSVIGSQTPI\GEPGYPEXMSRWXET EXXLIYTTIVVMKLXSJXLIWGVIIRERHXLIRGLSSWI
FIX[IIRWMRGSWXERPSKPRERHWSSR
8MTGEPGYPEXSV8ET7XEVX"0+1IRY
"8MT'EPGYPEXSVMRXLI%TTPMGEXMSRWXEF
8LMWJIEXYVIEPPS[W]SYXSGEPGYPEXIXLIXMTUYMGOP]ERHIEWMP]FEWIHSRXLIXSXEPFMPPMXEPWSPIXW]SY
GEPGYPEXIXLIWTPMXSJXLIXSXEPFMPPEGGSVHMRKXSXLIRYQFIVSJTISTPI
Z&MPP8]TIXLIFMPPEQSYRX
Z8MT
8]TIXLITIVGIRXEKISJXLI8MT
Z7TPMX)RXIVXLIRYQFIVSJTISTPI
9WMRK]SYV7XST[EXGL8ET7XEVX"0+1IRY
"7XST[EXGLMRXLI%TTPMGEXMSRW
XEF
8LMWQIRYEPPS[W]SYXSVIGSVHXLIIPETWIHXMQISJERIZIRX=SYGEREPWSHMWTPE]ERMRHMZMHYEPPETXMQI
ERHXLIXSXEPXMQI
8SWXEVXXMQMRKXET7XEVX8LIVYRRMRKXMQIMWHMWTPE]IHEW,,1177LL LSYVWQMRYXIW
WIGSRHWERHLYRHVIHXLWSJEWIGSRH 
(YVMRKXLIXMQMRK]SYGERVIGSVHERMRHMZMHYEPPETXMQIF]XETTMRK0ET9TXSPETXMQIWGERFI
VIGSVHIH
7XSTERHVIWYQIXMQMRKF]XETTMRK7XSTSV6IWYQI
8SVIWIXXLIWXST[EXGLXET7XSTERH6IWIX
=SYGERWIIXLIVIGSVHIHPETXMQIWSRXLIPETXMQIPMWX

8ET7XEVX"0+1IRY
Z
MRXLI%TTPMGEXMSRWXEF
&EGOYT
4VSZMHIWERYQFIVSJSTXMSRWXSLIPT]SYFEGOYTMRJSVQEXMSRSR]SYVTLSRI
Z
6IWXSVI
4VSZMHIWHMJJIVIRXVIWXSVISTXMSRWXLIWISTXMSRWEVIYWIHXSQE\MQM^IXLIVIWXSVISTIVEXMSR-R
QSWXGEWIW]SY[MPPKIXXLIFIWXVIWYPXWYWMRKXLIHIJEYPXSTXMSR,S[IZIVHITIRHMRKSRXLI
GSQTPI\MX]SJXLIVIWXSVISTIVEXMSR]SYQE]RIIHXSGLERKIXLISTXMSRWXSKIXFIXXIVVIWYPXW
Z
7GLIHYPI
8LMWSTXMSREPPS[W]SYXSWIXEFEGOYTWGLIHYPI
Z
3TXMSRW
=SYGERZMI[ERHEGGIWWEPP&EGOYT6IWXSVI2IX[SVOMRK7IGYVMX],MWXSV]ERH,IPTSTXMSRW
+IRIVEP6IWXSVI3TXMSRW9WIHJSVWXERHEVHVIWXSVISTIVEXMSRW 6IWXSVIXSXLIWEQIHIZMGISV
WMQMPEVHIZMGI[MXLMHIRXMGEPLEVH[EVIERH37ZIVWMSR
9TKVEHI1SHI3TXMSRW9WIH[LIRVIWXSVMRKFIX[IIRHMJJIVIRXHIZMGIW ,EVH[EVIX]TIW 
SVHIZMGIW[MXLHMJJIVIRX37ZIVWMSRW %/9ERH%/9 ;IGSRXMRYSYWP]WXVMZIXSMQTVSZISYV
YTKVEHIQSHIVIWXSVIJIEXYVIFYXSRKSMRKHIZIPSTQIRXERHGLERKIWXSXLI;MRHS[W4LSRI
TPEXJSVQQIERWXLEX9TKVEHI1SHIQE]RSXEP[E]WVIWXSVI]SYVHIZMGIXSXLIWXEXI]SY[ERX

;MVIPIWW1EREKIV
;MVIPIWW1EREKIVEPPS[W]SYXSQEREKI;M*M-RXIVRIXERH&PYIXSSXLGSRRIGXMSRWSR]SYVHIZMGI
-XEPPS[WXLITLSRIXSGSRRIGXXSPSGEP[MVIPIWWRIX[SVOWSVEGGIWWXLI-RXIVRIX[MVIPIWWP]
2SXI
Z
8LIGLEVKIWJSVYWMRKEHEXETPERXSEGGIWWXLI-RXIVRIXERHYWMRK;M*MEVIHMJJIVIRX4PIEWIGSRXEGX
]SYVRIX[SVOSTIVEXSVJSVJYVXLIVMRJSVQEXMSR
Z8ET7XEVX"7IXXMRKW"'SRRIGXMSRW";MVIPIWW1EREKIV
Z
8ETXLI;M*MSTXMSRXSXYVR3R3JJ
%FYFFPI[MRHS[ETTIEVWMJERI[RIX[SVOLEWFIIRHIXIGXIH
Z7IPIGXXLIRIX[SVOXLEX]SYEVITIVQMXXIHXSEGGIWWERHXLIRXET3/
Z8LIRWIPIGX8LI-RXIVRIXXSKIX-RXIVRIXWIVZMGIERHXET'SRRIGX
2SXI
Z-J]SYV;M*MWIVZMGITVSZMHIVSVRIX[SVOEHQMRMWXVEXSVWIXWERIRGV]TXMSROI]JSVRIX[SVOWIGYVMX]
]SYQYWXIRXIVXLIOI]MRXLITSTYT[MRHS[-JIRGV]TXMSRMWRSXWIXXLMWTSTYT[MRHS[[MPPRSX
ETTIEV-J]SYHSRvXORS[XLIOI]]SYQYWXEWO]SYV;M*MWIVZMGITVSZMHIVSVRIX[SVOEHQMRMWXVEXSV
2SXI
Z;LIRXLIFEXXIV]PIZIPFIGSQIWI\GIIHMRKP]PS[XLI;M*MGSRRIGXMSR[MPPFIHMWGSRRIGXIH

'LERKMRK]SYV4LSRI7IXXMRKW8ET7XEVX"0+1IRY
"4LSRI7IXXMRKWMRXLI
7IXXMRKWXEF
=SYLEZIXLIJVIIHSQXSEHETXXLI0+'2XS]SYVTVIJIVIRGIW
(EXI 8MQI%HNYWX]SYVHEXIERHXMQIWIXXMRKWSVGLSSWI[LIXLIVXSVIGIMZIRSXMJMGEXMSR[LIR
XLIXMQIMWYTHEXIH
6MRKXSRI %PIVXW'LSSWI]SYVVMRKXSRIX]TI2SVQEP:MFVEXI%PP7MPIRX%PP3YXHSSVERH
%YXSQEXMG
8LIQIW ;EPPTETIVW'LSSWI]SYVTLSRI W8LIQIERH;EPPTETIV
7IXYTXLI4S[IVERH&EGOPMKLXWIXXMRKWJSV&EXXIV]ERH)\XIVREP
7IXXLIPSGOQSHIWXEXYW
*SRXW%HNYWXXLIXI\XWM^IXSWIIQSVIGSRXIRXSVMRGVIEWIXLIVIEHEFMPMX]MRQER]TVSKVEQW
1IQSV]1EREKIV=SYV0+'2LEWXLVIITSWWMFPIQIQSVMIWXLITLSRIMXWIPJXLI7-1'EVH
ERHERI\XIVREPQIQSV]GEVHXLEX]SYQE]RIIHXSTYVGLEWIWITEVEXIP]=SYGERYWIQIQSV]
QEREKIVXSHIXIVQMRILS[IEGLQIQSV]MWYWIHERHWIILS[QYGLWTEGIMWEZEMPEFPI
9WMRKXLI7GVIIR3YXTYXW8ET7XEVX"0+1IRY
"7GVIIR3YXTYXWMRXLI
7IXXMRKWXEF
4MGS4VSNIGXSV WSPHWITEVEXIP] 4VSNIGXW0+'2vWWGVIIRSRXSXLIWGVIIRSV[EPP
8:3YX%PPS[W]SYXSSYXTYXXS8:

(MWTPE]MRKXLI8SHE]WGVIIR8ET7XEVX"0+1IRY
",SQIWGVIIR0E]SYXMR
XLI7IXXMRKWXEF
'LIGOIHMXIQWETTIEVSRXLI8SHE]WGVIIR-J]SYGLIGO0+-HPIWSV;MRHS[W(IJEYPX]SY[MPPRSX
FIEFPIXSWIPIGXSXLIVMXIQW*SVQSVIMRJSVQEXMSRWIITEKIERH
9WMRK&PYIXSSXL8ET7XEVX"0+1IRY
"&PYIXSSXLMRXLI7IXXMRKWXEF
&PYIXSSXLIREFPIWGSQTEXMFPIQSFMPIHIZMGIWTIVMTLIVEPWERHGSQTYXIVWXLEXEVIMRGPSWI
TVS\MQMX]XSGSQQYRMGEXIHMVIGXP][MXLIEGLSXLIV[MVIPIWWP]8LMWLERHWIXLEWFYMPXMR&PYIXSSXL
GSRRIGXMZMX][LMGLQEOIWMXTSWWMFPIXSGSRRIGXMX[MXLGSQTEXMFPI&PYIXSSXLLIEHWIXWGSQTYXIV
ETTPMGEXMSRWERHWSSR
2SXI
Z-J]SYYWI4'7]RGZME&PYIXSSXL]SYGERI\GLERKIHEXE[MXLMRXLITLSRIFSSO
Z;LIR]SYVIGIMZIHEXEJVSQERSXLIV&PYIXSSXLHIZMGIXLITLSRIVIUYIWXWGSRJMVQEXMSR%JXIV
GSRJMVQMRKXLIXVERWJIVXLIHEXEXVERWJIV[MPPGSRXMRYI
Z&PYIXSSXLQYWXFIXYVRIHSRXSYWIXLIWIJIEXYVIW
8LIVIEVIXLVIIXEFWJSV&PYIXSSXL7IXXMRKW1](IZMGIWERH%GGIWWSVMIW
7IXXMRKW
+SXS&PYIXSSXL"7IXXMRKW"%HHEHIZMGIXSWIXYTERI[&PYIXSSXLHIZMGI
+SXS&PYIXSSXL"7IXXMRKW"(MWEFPI&PYIXSSXLXSXYVRSJJ&PYIXSSXL
+SXS&PYIXSSXL"7IXXMRKW"%HZERGIHXSWIXYTEHHMXMSREPSTXMSRW
1](IZMGIW%PPS[W]SYXSWIIXLIMRJSVQEXMSRERHTVSTIVXMIWSJXLITEMVIHHIZMGIW

8ET7XEVX"0+1IRY "'EQIVEMRXLI
1YPXMQIHMEXEFSVTVIWWERHLSPHXLI'EQIVEFYXXSR SRXLIVMKLXWMHISJXLITLSRI JSVb
WIGSRHW
,SPHMRKXLITLSRILSVM^SRXEPP]TSMRXXLIPIRWXS[EVHWXLIWYFNIGX]SY[ERXXSXEOIETMGXYVISJ
,SPHHS[RXLIGEQIVEFYXXSRSRXLIVMKLXWMHISJXLITLSRIJSVbWIGSRHWSVXETXLIGEQIVE
FYXXSRSRXLIWGVIIR

8SWIIXLI7IXXMRKWQIRYXETXLIWGVIIRSRGI8LIWIWIXXMRKWSTXMSRWHMWETTIEVEYXSQEXMGEPP]MJ]SYHS
RSXQEOIWIPIGXMSRW
&EGO
'LERKIQSHI(VEKXLMWMGSRXSW[MXGL
XSGEQIVEVIGSVHQSHI
3TIRWXLI4LSXS%PFYQ
:MHIS7LEVI'EPP
&VMKLXRIWW%HNYWXXLIFVMKLXRIWW
1EGVS%YXS
*PEWLPMKLX'LSSWI%YXS%P[E]W3R%P[E]W3JJ
7IXXMRKW6IWIX7IXXMRKW-QEKI7M^I7GIRI1SHI'SPSYV)JJIGX;LMXI
&EPERGI8MQIV7LSX1SHI4VIZMI[7X]PI-73-QEKI5YEPMX]1IQSV]-R9WI
,MHI-GSRW7LYXXIV7SYRH+VMH:MI[

&EGO
(IPIXI
6IXYVRWXSXLIGEQIVETVIZMI[
3TIRWXLI4LSXS%PFYQ
6IREQI)HMXWXLIJMPIREQI
9WI%W%PPS[W]SYXSYWIEWE;EPPTETIVERH'SRXEGX-QEKI
7IRH7IRH:ME1IWWEKI)QEMP&PYIXSSXLSV,4vW7RETJMWL 

7IXXMRKW&IJSVIVIGSVHMRK
8SWIIXLI7IXXMRKWQIRYXETXLIWGVIIRSRGI
&EGO
'LERKIQSHI(VEKXLMWMGSRXS
W[MXGLXSGEQIVEVIGSVHQSHI
3TIRWXLI4LSXS%PFYQ
&VMKLXRIWW%HNYWXXLIFVMKLXRIWW
6IGSVHMRK1SHI'LSSWIJVSQ%YXS4SVXVEMX0ERHWGETI
ERH7TSVXW
*PEWLPMKLX'LSSWI%P[E]W3R%P[E]W3JJ
7IXXMRKW6IWIX7IXXMRKW:MHIS7M^I7GIRI1SHI'SPSYV
)JJIGX;LMXI&EPERGI:MHIS5YEPMX](YVEXMSR1IQSV]-R
9WI:SMGI,MHI-GSRW

7IXXMRKW%JXIVVIGSVHMRK
&EGO
(IPIXI
6IGSVH6IXYVRXSVIGSVHQSHI
3TIRWXLI4LSXS%PFYQ
6IREQI)HMXWXLIJMPIREQI
7IRH7IRH:ME1IWWEKI)QEMPSV
&PYIXSSXL
4PE]6ITPE]WXLIVIGSVHIHZMHISGPMT

4LSXS%PFYQ8ET7XEVX"0+1IRY
"4LSXS%PFYQMRXLI1YPXMQIHMEXEF
8ETXSGLSSWISRIJVSQ4LSXS%PFYQ
*EZSVMXIW4MGXYVIWSRP]SV:MHISWSRP]
2SXI
Z8ET1IRYXSHIPIXISVWSVXJMPIWSVWIIEWPMHIWLS[
1]1YPXMQIHME8ET7XEVX"0+1IRY
"1]1YPXMQIHMEMRXLI1YPXMQIHMEXEF
=SYGERZMI[]SYVJMPIWMRGPYHMRK%YHMSERH4MGXYVIWJMPIWWXSVIHMRXLI,ERHWIXERH1IQSV]'EVH
=SYGEREPWSWIILS[QYGLWXSVEKIWTEGIMWFIMRKYWIH8LI4MGXYVIWERH:MHISWTVSKVEQGSPPIGXW
SVKERM^IWERHWSVXWMQEKIWERHZMHISGPMTWMRXLIJSPPS[MRKJSVQEXW
*MPI8]TI
-QEKI
:MHIS
%YHMS
*MPI)\XIRWMSRW
&14.4+
;1:14+4
%%'14+4++%14;1%
;1:1%%161-(
=SYGERZMI[TMGXYVIWEWEWPMHIWLS[HIPIXIXLIQWIRHXLIQF]IQEMPIHMXXLIQSVWIXXLIQEW
XLIFEGOKVSYRHSJXLI8SHE]WGVIIR

8S'ST]E4MGXYVISV:MHIS'PMTXS]SYVHIZMGI
=SYGERGST]TMGXYVIWJVSQ]SYV4'ERHZMI[XLIQSR]SYVHIZMGI
Z'ST]XLITMGXYVIWJVSQ]SYV4'SVEWXSVEKIGEVHXSXLI1]4MGXYVIWJSPHIVSJ]SYVHIZMGI
2SXI
Z
=SYGEREPWSGST]TMGXYVIWJVSQ]SYV4'XS]SYVHIZMGIYWMRKEQIQSV]GEVH-RWIVXXLIQIQSV]GEVH
MRXSXLIQIQSV]GEVHWPSXSR]SYVHIZMGIERHXLIRGST]XLITMGXYVIWJVSQ]SYV4'XSXLIJSPHIV]SY
GVIEXIHSRXLIQIQSV]GEVH
*16EHMS8ET7XEVX"0+1IRY
"*16EHMSMRXLI1YPXMQIHMEXEF
=SYV0+'2LEWERFYMPXMR*1VEHMSWS]SYGERPMWXIRXS]SYVJEZSVMXIWXEXMSRWSRXLIKS
8YRIMRXSVEHMSWXEXMSRWF]WIEVGLMRKJSVXLIQQERYEPP]SVEYXSQEXMGEPP]8LI][MPPXLIRFIWEZIHXSWTIGMJMG
GLERRIPRYQFIVWWS]SYHSRvXLEZIXSWIEVGLJSVXLIQIEGLXMQI8SWIX]SYVPMWXIRMRKIRZMVSRQIRXXET
1IRYSRXLI*16EHMSWGVIIRERHXLIRGLSSWIERSTXMSR]SY[ERXXSWIXWYGLEW7GERERH%PEVQ
2SXI
Z
=SYQYWXEXXEGL]SYVLIEHTLSRIWXSPMWXIRXSXLIVEHMS-RWIVXXLIQMRXSXLILIEHTLSRINEGO
Z
8SMQTVSZIVEHMSVIGITXMSRI\XIRHXLILIEHWIXGSVH[LMGLJYRGXMSRWEWER*1ERXIRRE
8SWEZIEHHEWXEXMSRXETXLIGLFYXXSRSRXLI*16EHMSWGVIIRXET1IRYERHXLIRXET
%HH
%JXIVWEZMRKXLIVEHMSGLERRIPW]SYGERPMWXIRXSER]TVIWIXGLERRIPF]XSYGLMRKXLIPIJXSVVMKLX
EVVS[
%GGIWWXLIJSPPS[MRKSTXMSRWQIRYWF]XSYGLMRK1IRY

Z7GER-J]SYXET7GERMXEYXSQEXMGEPP]JMRHWVEHMSGLERRIPW-J]SY[ERXXSWEZIXLIGYVVIRX
GLERRIPXLIRXET7XST"1IRY"7EZITVIWIX
Z1YXI7IPIGXXLMWSTXMSRXSXYVRSJJXLIWSYRH
Z4VIWIX7GER'LSSWI[LIXLIVXSIVEWIXLII\MWXMRKTVIWIXWFIJSVIWGERRMRKJSVRI[WXEXMSRW
Z7EZITVIWIX%PPS[W]SYXSWIXXLIGLERRIPW]SYYWIJVIUYIRXP]ERHEWWMKR7LSVXGYXOI]W8LMWMW
JSYRHMRXLITVIWIXPMWX
Z4VIWIXW(MWTPE]WXLIIRXMVITVIWIXWPMWX
Z%PEVQ'LSSWIETVIWIXEWEREPEVQ'LIGOXLI?)REFPI%PEVQAFS\JSVWIXYT
Z3TXMSRW%PPS[W]SYXSIREFPI6(7ERHW[MXGL%PXIVREXMZI*VIUYIRG]
2SXI
Z)REFPI6(7(MWTPE]WXLIVIGIMZIHHEXEQIWWEKIJVSQXLIVEHMSWXEXMSRSRXLIWGVIIR
8S7IX7SYRH 2SXMJMGEXMSRWSJ%GXMSRW
8ET7XEVX"7IXXMRKW"7SYRHW 2SXMJMGEXMSRW
7SYRHWXEFGLSSWILS[]SY[ERXXSFIRSXMJMIHF]WIPIGXMRKXLIETTVSTVMEXIGLIGOFS\IW
2SXMJMGEXMSRWXEFYRHIV)ZIRXXETERIZIRXREQIERHXLIRGLSSWILS[]SY[ERXXSFI
RSXMJMIHF]WIPIGXMRKXLIETTVSTVMEXIHVSTHS[RFS\IW'LSSWIJVSQWIZIVEPSTXMSRWGSRRIGXMSR
IZIRXSJGEPPEGXMZIW]RGSV[MVIPIWWRIX[SVO
:MFVEXMSRW XEF GLSSWI LS[ ]SY [ERX XS FI RSXMJMIH F] ZMFVEXMSRW [LIR XSYGLMRK XLI
WGVIIR

9WMRK*MRKIVTVMRX7IRWSV8ET7XEVX"0+1IRY
"*MRKIVTVMRX7IRWSVMRXLI
7IXXMRKWXEF
%PPS[W]SYXSEHNYWX1SXMSR7IRWMXMZMX]ERH8YVFS7GVSPPMRK7TIIHJSVXLI*MRKIVTVMRX7IRWSV
8LI*MRKIV7IRWSVGERFIYWIHEWJSPPS[W
+SXS8ET7XEVX"0+
WIRWSV
2SXI
Z
6IKMWXIVEXPIEWXX[SJMRKIVTVMRXWXSFIWXYWIXLMWJYRGXMSR
Z
-JXLITLSRIMWPSGOIHERHXLIJMRKIVTVMRXMWRSXVIGSKRM^IHXETXLI)QIVKIRG]'EPPFYXXSRXSIRXIVXLI
4-2

:SMGI'SQQERH
:SMGIGSQQERHMWXLIJYRGXMSR[LIVIF]]SYVTLSRIvWZSMGIVIGSKRMXMSRIRKMRIMHIRXMJMIWXLIZSMGISJXLI
YWIVERHGEVVMIWSYXXLIVIUYIWXIHGSQQERHW;LIRXLIYWIVSTIVEXIWXLIZSMGIGSQQERHJYRGXMSR
XLIVIEVIQER]EZEMPEFPIGSQQERHW WIIXLIJSPPS[MRKTEKIWJSVQSVIMRJS 
:SMGIGSQQERHMWEGXMZEXIH[LIR]SYTVIWWERHLSPH&EGOOI]
YRHIVXLI*MRKIVTVMRX2EZMKEXMSRWIRWSV=SYGERWIIXLIMGSRSR
XLIYTTIVWMHISJXLIWGVIIR
8LI0+'2EGXMZEXIWEW]SYWTIEOERHGSQQERH
8ET7XEVX"7IXXMRKW"4IVWSREP":SMGI'SQQERH
%PPS[W]SYXSWII
STXMSRWJSVGLSWIRMXIQ
SJXLIPMWX
%PPS[W]SYXSGLSSWI
XLI2SXMJMGEXMSR3TXMSRW

:SMGI'SQQERH3TXMSRW
)REFPI(MWEFPI%RRSYRGIWXSVIQMRHXLIGEPIRHEV
)REFPI(MWEFPI%RRSYRGIWXLIEPFYQEVXMWXKIRVISJQYWMG
)REFPI(MWEFPI,MKLTVMSVMX]%RRSYRGIWXSEVVMZIRI[QIWWEKI
'SRJMVQ[LIRGEPPMRKF]REQI
'SRJMVQ[LIRGEPPMRKF]RYQFIV
%RRSYRGIMRGSQMRKGEPPW

-RWSQIGEWIWTVSKVEQWEYXSQEXMGEPP]GPSWIXSJVIIQIQSV],S[IZIV]SYGERGPSWITVSKVEQW
QERYEPP]
8ET
'LIGOXLIVYRRMRKTVSKVEQWPMWXMRXLI%TTPMGEXMSRGSPYQREPWSMRGPYHIHEVIXLI1IQSV]ERH
'49MRJSVQEXMSRJSVIEGLTVSKVEQ
)RHXLITVSKVEQWQERYEPP]F]XSYGLMRK
EXXLIPS[IVPIJXSJXLIWGVIIR8LMW[MPPGPSWI
XLILMKLPMKLIHXEWOSRIEXEXMQI
-RXIVRIX7LEVMRK
2SXI
Z%GXMZI7]RGWSJX[EVIZIVWMSRSVPEXIVMWVIUYMVIHSR]SYV4'
Z;
 MRHS[W<474SVPEXIVMWVIUYMVIH
'SRRIGXXLI97&GEFPIXSXLI4'
8ET7XEVX"8SSPW"-RXIVRIX7LEVMRK
7IX4''SRRIGXMSRXS97&SV&PYIXSSXL4%2
Z8LIHEXEGSRRIGXMSRMRHMGEXSV +)+ MWHMWTPE]IH[LIRMRXIVRIXWLEVMRKMWTIVJSVQIH
WYGGIWWJYPP]

%GXMZI7]RG
%GXMZI7]RGW]RGLVSRM^IWMRJSVQEXMSRSR]SYVHIZMGI[MXLMRJSVQEXMSRSR]SYV4'WYGLEW3YXPSSO
GSRXIRX%GXMZI7]RGGEREPWSW]RGLVSRM^ISZIVEGIPPYPEVRIX[SVO[MXL1MGVSWSJX)\GLERKI
7IVZIVMJ]SYVGSQTER]SVWIVZMGITVSZMHIVMWVYRRMRK1MGVSWSJX)\GLERKI7IVZIV[MXL)\GLERKI
%GXMZI7]RG;LIR]SYW]RGLVSRM^I%GXMZI7]RGGSQTEVIWXLIMRJSVQEXMSRSR]SYVHIZMGI[MXLXLI
MRJSVQEXMSRSR]SYV4'ERHSV)\GLERKI7IVZIVERHYTHEXIWEPPPSGEXMSRW[MXLXLIQSWXVIGIRX
MRJSVQEXMSR*SVRI[IVZIVWMSRWSJ;MRHS[WVIJIVXSXLIRI\XTEKI
;MXL%GXMZI7]RG]SYGER
Z7]RGLVSRM^IMRJSVQEXMSRWYGLEW3YXPSSO)QEMP'SRXEGXW'EPIRHEVSV8EWOWMRJSVQEXMSRSR
]SYVHIZMGI[MXL]SYV4'EW[IPPEWTMGXYVIWZMHISERHQYWMG
Z7]RGLVSRM^I3YXPSSO)QEMP'SRXEGXW'EPIRHEVETTSMRXQIRXWERH8EWOWSR]SYVHIZMGIHMVIGXP]
[MXL)\GLERKI7IVZIVWSXLEX]SYGERWXE]YTXSHEXIIZIR[LIR]SYV4'MWXYVRIHSJJ
Z)\GLERKIJMPIWFIX[IIR]SYVHIZMGIERH]SYV4'[MXLSYXW]RGLVSRM^MRK
Z7IPIGX[LMGLX]TIWSJMRJSVQEXMSREVIW]RGLVSRM^IHERHWTIGMJ]LS[QYGLMRJSVQEXMSRMW
W]RGLVSRM^IH*SVI\EQTPI]SYGERGLSSWILS[QER][IIOWSJTEWX'EPIRHEVETTSMRXQIRXWXS
W]RGLVSRM^I
=SYGERW]RGLVSRM^I]SYVIQEMPGSRXEGXWGEPIRHEVWSRKWTMGXYVIWERHMRXIVRIXJEZSVMXIW[MXL
]SYV;MRHS[WFEWIH4'7XEVXF]ZMWMXMRKXLMW1MGVSWSJX;IFWMXI[[[QMGVSWSJXGSQKIXWXEVXIH
3RGI]SYLEZIMRWXEPPIH%GXMZI7]RGERHWIXYTEW]RGLVSRM^EXMSRVIPEXMSRWLMT%GXMZI7]RGSRXLI
4'VIGSKRM^IW]SYVHIZMGI[LIR]SYGSRRIGXMXERHEYXSQEXMGEPP]XVERWJIVWXLIW]RGLVSRM^EXMSR
WIXXMRKW]SYWTIGMJMIHSR]SYVHIZMGI
=SYQE]FIEFPIXSW]RGLVSRM^I]SYVHIZMGI[MXL)\GLERKI7IVZIVXLVSYKL]SYVGSQTER]SV
[MVIPIWWWIVZMGITVSZMHIV-J]SYTPERXSHSWSKIXXLIIQEMPEHHVIWW)\GLERKI7IVZIVEHHVIWWYWIV
REQITEWW[SVHERHHSQEMRREQIJVSQ]SYVEHQMRMWXVEXSVFIJSVIWXEVXMRKXLI7]RG7IXYT;M^EVH

7IXXMRK[MXL;MRHS[W:MWXE}
1MGVSWSJX;MRHS[W4LSRIÂ’(IZMGI'IRXIVMWXLIVITPEGIQIRXJSV1MGVSWSJXÂ’%GXMZI7]RGÂ’SR
;MRHS[W:MWXE}
7IXYTW]RGLVSRM^EXMSRMR;MRHS[W4LSRI(IZMGI'IRXIV
;LIR]SYGSRRIGX]SYVHIZMGIXS]SYV4'ERHWXEVX;MRHS[W4LSRI(IZMGI'IRXIVJSVXLIJMVWXXMQI
]SYEVIEWOIHXSGVIEXIE;MRHS[W4LSRITEVXRIVWLMT[MXL]SYVHIZMGI*SPPS[XLIWXITWFIPS[XS
GVIEXIETEVXRIVWLMT
Z'SRRIGX]SYVHIZMGIXS]SYV4';MRHS[W4LSRI(IZMGI'IRXIVGSRJMKYVIWMXWIPJERHXLIRSTIRW
Z3RXLIPMGIRWIEKVIIQIRXWGVIIRGPMGO%GGITX
Z3RXLI;MRHS[W4LSRI(IZMGI'IRXIVvW,SQIWGVIIRGPMGO7IXYT]SYVHIZMGI
2SXI
Z'LSSWI'SRRIGX[MXLSYXWIXXMRKYT]SYVHIZMGIMJ]SYSRP][ERXXSXVERWJIVQIHMEJMPIWGLIGOJSV
YTHEXIWSVI\TPSVI]SYVHIZMGIFYXRSXW]RG3YXPSSOMRJSVQEXMSR
Z7IPIGXXLIMXIQW]SY[ERXXSW]RGLVSRM^IERHXLIRGPMGO2I\X
Z)RXIVEHIZMGIREQIERHXLIRGPMGO7IX9T;LIR]SYJMRMWLXLIWIXYT[M^EVH;MRHS[W4LSRI
(IZMGI'IRXIVW]RGLVSRM^IW]SYVHIZMGIEYXSQEXMGEPP]3YXPSSOIQEMPWERHSXLIVMRJSVQEXMSR[MPP
ETTIEVSR]SYVHIZMGIEJXIVW]RGLVSRM^EXMSR

9WI;MRHS[W4LSRI(IZMGI'IRXIV
8SSTIR;MRHS[W4LSRI(IZMGI'IRXIVGPMGO7XEVX"%PP4VSKVEQW";MRHS[W4LSRI(IZMGI
'IRXIVSR]SYV;MRHS[W:MWXEGSQTYXIV-R;MRHS[W4LSRI(IZMGI'IRXIV]SYGERHSXLI
JSPPS[MRK
Z'PMGO1SFMPI(IZMGI7IXXMRKWXSGLERKIW]RGLVSRM^EXMSRWIXXMRKW
Z'PMGO4MGXYVIW1YWMGERH:MHIS"%HHQIHMEXS]SYVHIZMGIJVSQ;MRHS[W1IHME4PE]IV
XSW]RGLVSRM^IQYWMGERHZMHISJMPIWYWMRK;MRHS[W1IHMEÂ’4PE]IV
Z'PMGO*MPI1EREKIQIRX"&VS[WIXLIGSRXIRXWSJ]SYVHIZMGIXSZMI[HSGYQIRXWERHJMPIW
JVSQ]SYVHIZMGI
7IXXMRKYT;MRHS[W<4
7IPIGX7IXYTERH-RWXEPPEXMSRERHXLIRJSPPS[XLISRWGVIIRMRWXVYGXMSRWXSMRWXEPP%GXMZI7]RG
%JXIVMRWXEPPEXMSRLEWGSQTPIXIHGSRRIGX]SYVHIZMGIXS]SYV4'YWMRKXLIW]RGGEFPI
'SRRIGXXLIWQEPPIVIRHSJXLI97&GEFPIMRXS]SYV0+'2
'SRRIGXXLIPEVKIVIRHSJXLI97&GEFPIMRXSXLI97&TSVXSJ]SYVGSQTYXIV
8LI7]RGLVSRM^EXMSR7IXYT;M^EVHEYXSQEXMGEPP]WXEVXWERHKYMHIW]SYMRGVIEXMRKE
W]RGLVSRM^EXMSRVIPEXMSRWLMT'PMGO2I\XXSTVSGIIH
8SW]RGLVSRM^I]SYVHIZMGI[MXL]SYVGSQTYXIVGPIEVXLI7]RGLVSRM^IHMVIGXP][MXLEWIVZIV
VYRRMRK1MGVSWSJX)\GLERKI7IVZIVGLIGOFS\ERHXLIRGPMGO2I\X
7IPIGXXLIMRJSVQEXMSRX]TIWXLEX]SY[ERXXSW]RGLVSRM^IERHXLIRGPMGO2I\X
'PMGO*MRMWL
;LIR]SYJMRMWLXLI[M^EVH%GXMZI7]RGW]RGLVSRM^IW]SYVHIZMGIEYXSQEXMGEPP]

7]RGLVSRM^MRK-RJSVQEXMSR
;LIR]SYGSRRIGX]SYVHIZMGIXSXLI4'YWMRKE97&SV&PYIXSSXLGSRRIGXMSR%GXMZI7]RG[MPP
MQQIHMEXIP]W]RGLVSRM^I;LMPIXLIHIZMGIMWGSRRIGXIH%GXMZI7]RGW]RGLVSRM^IWIZIV]XMQI]SY
QEOIEGLERKISRIMXLIVXLI4'SVXLIHIZMGI
7]RGLVSRM^MRK3YXPSSOMRJSVQEXMSR
-J]SYLEZIWIXYTEW]RGLVSRM^EXMSRVIPEXMSRWLMTFIX[IIR]SYVHIZMGIERHXLI4'W]RGLVSRM^EXMSR
OIITW3YXPSSOMRJSVQEXMSRYTXSHEXISRFSXLGSQTYXIVW%GXMZI7]RGW]RGLVSRM^IWEPMQMXIHEQSYRX
SJMRJSVQEXMSRF]HIJEYPXXSWEZIWXSVEKIWTEGISR]SYVHIZMGI=SYGERGLERKIXLIEQSYRXSJ
MRJSVQEXMSRW]RGLVSRM^IHJSVEKMZIRMRJSVQEXMSRX]TIMRXLI7IXXMRKWJSVXLIMRJSVQEXMSRX]TI
=SYGERWIXYT]SYVHIZMGIXSW]RGLVSRM^I[MXLQSVIXLERSRI4'SV[MXLEGSQFMREXMSRSJSRISV
QSVI4'WERH)\GLERKI7IVZIV;LIRW]RGLVSRM^MRK[MXLQYPXMTPIGSQTYXIVWXLIMXIQWXLEX]SY
W]RGLVSRM^I[MPPETTIEVSREPPSJXLIGSQTYXIVW[MXL[LMGLXLI]EVIW]RGLVSRM^IH
*SVI\EQTPIMJ]SYLEZIWIXYTW]RGLVSRM^EXMSR[MXLX[S4'W 4'ERH4' IEGL[MXLHMJJIVIRX
MXIQWERHXLIR]SYW]RGLVSRM^I'SRXEGXWERH'EPIRHEVSRXLIHIZMGI[MXLFSXLGSQTYXIVWXLI
VIWYPXMWEWJSPPS[W

0SGEXMSR
2I[WXEXI
4'
%PP3YXPSSOGSRXEGXWERHGEPIRHEVIZIRXWXLEX[IVISR4'EVIRS[EPWSSR4'
4'
%PP3YXPSSOGSRXEGXWERHGEPIRHEVIZIRXWXLEX[IVISR4'EVIRS[EPWSSR4'
(IZMGI
%PP3YXPSSOGSRXEGXWERHGEPIRHEVIZIRXWJVSQFSXL4'ERH4'EVISRXLIHIZMGI
8SWXEVXERHWXSTW]RGLVSRM^EXMSR
Z8SW]RGLVSRM^I3YXPSSOMRJSVQEXMSRERHSXLIVPSGEPMRJSVQEXMSRSRXLI4'MRGPYHMRKQIHMEJMPIW
GSRRIGX]SYVHIZMGIXSXLI4'YWMRK&PYIXSSXLSVEGEFPI
Z-J]SYEVIW]RGLVSRM^MRKHMVIGXP][MXL)\GLERKI7IVZIV]SYGERYWIXLI4'GSRRIGXMSRXSE
RIX[SVOXLEXMWw(IWOXST4EWWXLVSYKLxSV]SYGERW]RGLVSRM^ISZIVEGIPPYPEVRIX[SVO[MXLSYX
GSRRIGXMRKXSXLI4'
Z-R%GXMZI7]RGGPMGO7]RG8SIRHW]RGLVSRM^EXMSRFIJSVIMXGSQTPIXIWGPMGO7XST8SGLERKI
[LMGLMRJSVQEXMSRMWW]RGLVSRM^IH
-R%GXMZI7]RGSRXLIHIZMGIXET1IRY"3TXMSRW
(SSRISVFSXLSJXLIJSPPS[MRK
Z7IPIGXXLIFS\JSVER]MXIQW]SY[ERXXSW]RGLVSRM^I-J]SYGERRSXWIPIGXEFS\]SYQMKLXLEZI
XSGPIEVXLIFS\JSVXLIWEQIMRJSVQEXMSRX]TIIPWI[LIVIMRXLIPMWX
Z'PIEVXLIFS\JSVER]MXIQW]SY[ERXXSWXSTW]RGLVSRM^MRK
8SWXSTW]RGLVSRM^MRK[MXLSRI4'XETXLI4'ERHXLIRXET(IPIXI
2SXI
Z3YXPSSOIQEMPGERFIW]RGLVSRM^IH[MXLSRP]SRIGSQTYXIV8SGLERKIXLIW]RGLVSRM^EXMSRWIXXMRKW
WIPIGXXLIX]TISJMRJSVQEXMSRERHXLIRXET7IXXMRKW

8SW]RGLVSRM^IHMVIGXP][MXL)\GLERKI7IVZIV
=SYGERWIXYTW]RGLVSRM^EXMSR[MXL)\GLERKI7IVZIVMJMXMWEZEMPEFPIXS]SYXLVSYKL]SYVGSQTER]
SV[MVIPIWWWIVZMGITVSZMHIV,S[IZIV]SYWLSYPHJMVWXEWO]SYVEHQMRMWXVEXSVJSVXLIJSPPS[MRK
MRJSVQEXMSRERHXLIRGSRXMRYIXLIWIXYTTVSGIWWIQEMPEHHVIWW)\GLERKI7IVZIVEHHVIWWYWIV
REQITEWW[SVHERHHSQEMRREQI
-R%GXMZI7]RGSRXLIHIZMGIXET1IRY"'SRJMKYVI7IVZIV-J]SYLEZIRSX]IXWIXYT
W]RGLVSRM^EXMSR[MXL)\GLERKI7IVZIV]SY[MPPWII%HH7IVZIV7SYVGI
)RXIVXLIIQEMPEHHVIWWERHXLIRXET2I\X
-R7IVZIVEHHVIWWIRXIVXLIEHHVIWWSJXLIWIVZIVVYRRMRK)\GLERKI7IVZIVWIPIGXXLIFS\MJXLMW
7IVZIVVIUYMVIWERIRGV]TXIH 770 GSRRIGXMSR8ET2I\X
)RXIVXLIYWIVREQITEWW[SVHERHHSQEMRERHXLIRXET2I\X8SGLERKIXLIVYPIWJSVVIWSPZMRK
W]RGLVSRM^EXMSRGSRJPMGXWXET%HZERGIH
7IPIGXXLIFS\IWJSVXLIX]TIWSJMRJSVQEXMSRMXIQWXLEX]SY[ERXXSW]RGLVSRM^I[MXL)\GLERKI
7IVZIV
8SGLERKIEZEMPEFPIW]RGLVSRM^EXMSRWIXXMRKWWIPIGXXLIX]TISJMRJSVQEXMSRERHXLIRXET
7IXXMRKW
8ET*MRMWL
7]RGLVSRM^MRKYWMRK&PYIXSSXL
=SYGERGSRRIGX]SYVHIZMGIXSXLI4'XSW]RGLVSRM^IYWMRK&PYIXSSXL
8SW]RGLVSRM^I[MXLE4'YWMRK&PYIXSSXL
*MVWXGLIGO%PPS[GSRRIGXMSRWXSSRISJXLIJSPPS[MRKMRXLI%GXMZI7]RGGSRRIGXMSRW7IXXMRKW
QIRYSR]SYV4' 3R%GXMZI7]RGSR]SYV4'KSXS*MPI"'SRRIGXMSR7IXXMRKW 
7IPIGXXLI'31TSVX
-JXLIVIEVIRSEZEMPEFPIGSRRIGXMSRWXLIR]SYWLSYPHJMVWXQEOIE&PYIXSSXLTEMVMRK
7IPIGXXLI%GXMZI7]RGZME&PYIXSSXLMXIQMRXLI&PYIXSSXLGSRRIGXMSR[M^EVH &PYIXSSXL7IXXMRKW
"&PYIXSSXL1EREKIV"RI["%GXMZI7]RGZME&PYIXSSXL 

7]RGLVSRM^MRK1YWMG:MHISERH4MGXYVIW
-J]SY[ERXXSXEOI]SYVQYWMGSVSXLIVHMKMXEPQIHME[MXL]SY[LIR]SYEVISRXLIKS%GXMZI7]RG
[SVOW[MXL;MRHS[W1IHME4PE]IVXSW]RGLVSRM^IQYWMGZMHISERHTMGXYVIW
3XLIVXLERWIPIGXMRKXLI1IHMEMRJSVQEXMSRX]TI]SY[ERXXSW]RGLVSRM^IMR%GXMZI7]RG]SY
QYWXWTIGMJ]EPPQIHMEW]RGLVSRM^EXMSRWIXXMRKWMR;MRHS[W1IHME4PE]IV&IJSVIQIHMEGERFI
W]RGLVSRM^IH]SYQYWXHSXLIJSPPS[MRK
Z-RWXEPP;MRHS[W1IHME4PE]IV:IVWMSRSRXLI4'
Z'SRRIGX]SYVHIZMGIXSXLI4'YWMRKE97&GEFPI-JXLIHIZMGIMWGYVVIRXP]GSRRIGXIHYWMRK
&PYIXSSXL]SYQYWXIRHXLEXGSRRIGXMSRFIJSVIQIHMEGERFIW]RGLVSRM^IH
Z-RWIVXEWXSVEKIGEVHMRXS]SYVHIZMGI 1&SVQSVIMWVIGSQQIRHIH 
Z7IXYTEW]RGTEVXRIVWLMTFIX[IIRXLIWXSVEKIGEVHERH;MRHS[W1IHME4PE]IV
'LERKI1IHMEW]RGLVSRM^EXMSRWIXXMRKW
3RGI]SYWIPIGXXLI1IHMEMRJSVQEXMSRX]TI]SY[ERXXSW]RGLVSRM^IMR%GXMZI7]RG]SYGER
W]RGLVSRM^IER]SJ]SYVJEZSVMXIQYWMGZMHISSVTMGXYVIJMPIWMR;MRHS[W1IHME4PE]IVTPE]PMWXW%PP
]SYLEZIXSHSMWWIXYTW]RGLVSRM^EXMSRMR;MRHS[W1IHME4PE]IVJSVXLSWIQIHMEJMPIW
8SWIXYTEW]RGVIPEXMSRWLMT[MXLEWXSVEKIGEVH
3TIR;MRHS[W1IHME4PE]IV
'PMGOSRXLIEVVS[SRXLI7]RGXEF
7IPIGXXLI7XSVEKI'EVH SVXLITLSRIMJRSQIQSV]GEVHMWMRWIVXIHMR]SYVTLSRI XEVKIXHIZMGI
SRXLIVMKLXGSPYQR
'PMGO7IXYT7]RG*VSQXLMWQIRY]SY[MPPFIEFPIXSGSRJMKYVIXLI7]RGTEVXRIVWLMTFIX[IIR
]SYVTLSRIERH]SYV4'vW;MRHS[W1IHME4PE]IV

8ET7XEVX"0+1IRY
MRXLI7IXXMRKWXEF
=SYGERWIXXLIWSYRHERHZMFVEXMSRJIIHFEGOJSV[LIR]SYYWIXLIXSYGLWGVIIRERHWIXWSYRHWJSV
[LIR]SYTVIWWFYXXSRW
7GVIIR8EF
7IPIGX[LIXLIVXSWIX:MFVEXMSRQSHIXS32SV3**-JWIXXS32XLIWGVIIRZMFVEXIW[LIRXETTIH
=SYGEREPWSGLSSWI:MFVEXMSR8]TIERH:MFVEXMSR7XVIRKXL8SWIXYT7SYRH8]TIERH7SYRH8SRI
]SYQYWXWIX7SYRHXS32
&YXXSR8EF
7IPIGX[LIXLIV]SY[ERXWSYRHWJSVIZIV]FYXXSRTVIWW3RGI]SYWIXXS32]SY[MPPFIEFPIXS
WIPIGXXLIWSYRHX]TIERHZSPYQI
7IRWSVW8ET7XEVX"0+1IRY
"7IRWSVWMRXLI7IXXMRKWXEF
%GGIPIVSQIXIV7IRWSV
-JWIXXS3RXLIVSXEXMSRWIRWSVEYXSQEXMGEPP]HIXIGXWXLISVMIRXEXMSRSJ]SYVHIZMGIERHHIGMHIWXLI
ZMI[QSHISJXLIWGVIIRHMWTPE]4SVXVEMXSV0ERHWGETI=SYGEREPWSWIXXLITLSRIXSZMFVEXI[LIR
XLIWGVIIRHMWTPE]W[MXGLIW
2SXI
Z8LMWJYRGXMSRHSIWRSX[SVO[LIRETVSKVEQMWPEYRGLMRK

%YXS0YQMRSYW'SRXVSP7IRWSV
-JWIXXS3RXLI0'(FEGOPMKLXFVMKLXRIWWMWEYXSQEXMGEPP]EHNYWXIHFEWIHSRXLIPMKLXMRKGSRHMXMSRW
4VS\MQMX]7IRWSV
;MXLXLMWJIEXYVIXLI0'([MPPEYXSQEXMGEPP]XYVRSJJ[LIRMRGPSWITVS\MQMX]XS]SYVJEGIEPPS[MRK
]SYXSSRP]EHNYWXXLIZSPYQISVIRHXLIGEPP8LMWJYRGXMSREPPS[W]SYXSWEZITS[IVERHTVIZIRXW
]SYJVSQYRMRXIRXMSREPP]EGXMZEXMRKJIEXYVIWHYVMRKEGEPP
8LI0'(FEGOPMKLXVIZIVXW[LIR]SYEVIJEVE[E]JVSQXLIWIRWSV
;%62-2+
-1
=SYGERSRP]YWIXLI-RWXERX1IWWEKMRKJIEXYVI[MXLXLIWYTTSVXSJXLIRIX[SVOSTIVEXSVSV
*SV-RWXERX1IWWEKMRK]SYRIIHEZEPMH9WIV-(ERH4EWW[SVHXSPSKMRERHI\GLERKIQIWWEKIWEW
[IPPEWGLIGOSRPMRIWXEXYW
8LIQIRYMXIQWFIPS[QMKLXRSXETTIEVWMRGIRSXEPP-1GSQQYRMXMIWWYTTSVXXLIZEVMSYWSTXMSRW
%PWSXLIQIRYWXVMRKWQE]ETTIEVHMJJIVIRXP]HITIRHMRKSRXLI-1GSQQYRMX]WIPIGXIH/I][SVHW
WYGLEW9WIV-(0SKMRERH'SRXEGXEVIYWIHEWKIRIVEPXIVQWMR-1QIRYWFEWIHSRXLI

7MKRMR
7XEVX"-RWXERX1IWWEKMRK
7IPIGXXLIGSQQYRMXMIWXLIRXET3/
8]TI]SYVYWIVREQIERHTEWW[SVH*SV;MRHS[W0MZI1IWWIRKIV]SYQYWXEPWSIRXIVXLI
VIWTIGXMZIHSQEMRREQI IK\]^$LSXQEMPGSQ 
2SXI
Z-J]SYHSRSXLEZIEGSQQYRMX]YWIVREQI]SYQYWXGVIEXISRISRXLIGSQQYRMX][IFWMXI
YWMRKETIVWSREPGSQTYXIV;IFFVS[WIV
8ET7MKR-R
2SXI
Z8SEZSMHLEZMRKXSIRXIV]SYVYWIVREQIERHTEWW[SVHIEGLXMQI]SYPSKMRWIPIGXXLI7EZI
4EWW[SVHFS\8SWIX]SYVHIZMGIXSWMKRMRXSXLIGSQQYRMX]EYXSQEXMGEPP]IEGLXMQI]SY
WXEVXXLIHIZMGIWIPIGX%YXS7MKR-R
7[MXGLMRKFIX[IIR'SQQYRMXMIW
=SYGER7MKRMRXSEPPXLIGSQQYRMXMIWEXXLIWEQIXMQI
%PPXLIIREFPIHGSQQYRMXMIWEVIHMWTPE]IHSRXLIXSTEWXEFW

'LERKI7XEXYW
8ET1IRYSRXLI'SRXEGX0MWXWGVIIRGLSSWIXLISTXMSR1]7XEXYWERHXLIRWIPIGXXLIHIWMVIH
WXEXYW&YW]%[E]3JJPMRI XLMWGERGLERKIHITIRHMRKSR]SYV-1TVSZMHIV 
'SRXEGX0MWX
8LI'SRXEGXPMWXHMWTPE]W]SYVMRHMZMHYEPGSRXEGXWFYHHMIWMREXVIIPMWXZMI[3RPMRIGSRXEGXW
EVIHMWTPE]IHYRHIVXLIMVVIWTIGXMZIKVSYTREQIWERHEPPSJJPMRIGSRXEGXWEVIHMWTPE]IHYRHIVE
WITEVEXIKVSYTGEPPIH3JJPMRI
8SGSPPETWISVI\TERHEKVSYTWIPIGXXLIKVSYTYWMRKXLIREZMKEXMSROI]WERHXLIRTVIWWXLIPIJX
WSJXOI]'SPPETWI)\TERH
Z%HHE'SRXEGX3RXLI'SRXEGXPMWXWGVIIRGPMGOXLIVMKLXWSJXOI]1IRY'SRXEGX3TXMSRWERH
XLIR%HH'SRXEGX3RXLIRI\XWGVIIRIRXIVXLI9WIV-(SJXLIHIWMVIHGSRXEGXERHXLIRGPMGO
XLIPIJXWSJXOI]%HH
Z
3RXLI'SRXEGXPMWXWGVIIRLMKLPMKLXEGSRXEGXGPMGOXLIVMKLXWSJXOI]1IRY'SRXEGX
3TXMSRWERHXLIRGLSSWI
%GSRJMVQEXMSRWGVIIR[MPPHMWTPE]7IPIGXXLI=IW
WSJXOI]XSGSRJMVQXLIEGXMSR 8LI&PSGOSTXMSRMWSRP]EZEMPEFPIJSV;MRHS[W0MZIERH%-1 
Z(IPIXI7IPIGXXLIGSRXEGXGPMGOXLIVMKLXWSJXOI]1IRY'SRXEGX3TXMSRWERHXLIRXLI(IPIXI
STXMSR
Z6IJVIWL'SRXEGX0MWX8SKIXXLIYTHEXIHTVIWIRGIMRJSVQEXMSRGPMGOXLIVMKLXWSJXOI]1IRY
6IJVIWLERHXLIRXLITVIJIVVIH6IJVIWLSTXMSR
Z'SRXEGXMRJS8ETERHLSPHXLIXEVKIXGSRXEGXXLIRWIPIGX'SRXEGX-RJS

'SRZIVWEXMSRW
'SRZIVWEXMSRWJSVIEGLGSQQYRMX]ETTIEVYRHIVXLIGSRZIVWEXMSRKVSYT XLIJMVWXKVSYT SRXLI
'SRXEGXPMWXWGVIIR
8SWXEVXERI[GSRZIVWEXMSRWIPIGXXLIHIWMVIHGSRXEGXSRXLI'SRXEGXPMWXWGVIIRERHXLIRTVIWW
XLIVMKLXWSJXOI]7IRH-1%GSRZIVWEXMSRWGVIIR[MPPETTIEV8]TIXLIQIWWEKIERHXLIRTVIWW
)RXIVSVGPMGOXLIPIJXWSJXOI]7IRHXSWIRHXLIQIWWEKI
8SIRHEGSRZIVWEXMSRTVIWWXLIPIJXWSJXOI]1IRYSRXLIGSRZIVWEXMSRWGVIIRERHXLIRGLSSWIXLI
)RH'SRZIVWEXMSRSTXMSR8SGPSWIEGSRZIVWEXMSR[MXLSYXIRHMRKMXGLSSWIXLI
STXMSRJVSQ
XLIWEQIQIRY
-17IXXMRKW
8SEGGIWW-17IXXMRKWXET1IRY"7IXXMRKWSRXLI'SRXEGX0MWXWGVIIR
Z+PSFEP7IXXMRKW
4PE]WSYRHSRRI[QIWWEKIW7IPIGXXLMWFS\XSTPE]XLIGSQQYRMX]HIJEYPXWSYRH
RSXMJMGEXMSR[LIRERI[-1EVVMZIW
%YXS7XEVXSR4S[IV3R7IPIGXXLMWFS\MJ]SY[ERXXSEYXSQEXMGEPP]WXEVXXLIETTPMGEXMSR[LIR
XLITLSRIMWXYVRIHSR
2I[1IWWEKI2SXMJMGEXMSR7IPIGX9RWIPIGXXLMWFS\XSIREFPIHMWEFPIRI[-1RSXMJMGEXMSRW
[LIRXLIETTPMGEXMSRMWMRXLIFEGOKVSYRH
2SXI
Z)\MXMRKXLIETTPMGEXMSR[MPPRSXWMKR]SYSYXERH]SY[MPPGSRXMRYIXSVIGIMZIQIWWEKIW%
TSTYTQIWWEKI[MPPRSXMJ]]SYSJRI[QIWWEKIW

3JJMGI1SFMPI8ET7XEVX"3JJMGI1SFMPI
)\GIP1SFMPI
)\GIP1SFMPIQEOIWMXIEW]JSV]SYXSSTIRERHIHMX)\GIP[SVOFSSOWERHXIQTPEXIWGVIEXIHSR]SYV
4'
=SYGEREPWSGVIEXIRI[[SVOFSSOWERHXIQTPEXIWSR]SYVHIZMGI
2SXI
Z;SVOMRJYPPWGVIIRQSHIXSWIIEWQYGLSJ]SYV[SVOFSSOEWTSWWMFPI
8ET:MI[">SSQERHXLIRWIPIGXETIVGIRXEKIWS]SYGERIEWMP]VIEHXLI[SVOWLIIX
9RWYTTSVXIHJIEXYVIWMR)\GIP1SFMPI
)\GIP1SFMPIHSIWRSXJYPP]WYTTSVXWSQIJIEXYVIWWYGLEWJSVQYPEWERHGIPPGSQQIRXW7SQI
HEXEERHJSVQEXXMRKQE]FIPSWX[LIR]SYWEZIXLI[SVOFSSOXS]SYVHIZMGI2SXIXLIJSPPS[MRK
VIKEVHMRK)\GIP1SFMPIJSVQEXXMRK
Z%PMKRQIRX,SVM^SRXEPZIVXMGEPERH[VETXI\XEXXVMFYXIWVIQEMRXLIWEQIFYXZIVXMGEPXI\X
ETTIEVWEWLSVM^SRXEPXI\X
Z&SVHIVW%TTIEVEWEWMRKPIPMRI
Z'IPPTEXXIVRW4EXXIVRWETTPMIHXSGIPPWEVIVIQSZIH
Z*SRXWERHJSRXWM^IW*SRXWRSXWYTTSVXIHF]]SYVHIZMGIEVIQETTIHXSXLIQSWXWMQMPEVJSRX
EZEMPEFPI8LISVMKMREPJSRXMWPMWXIHSR]SYVHIZMGI;LIRXLI[SVOFSSOMWSTIRIHMR)\GIPSR
]SYV4'EKEMRXLIHEXEMWHMWTPE]IHMRXLISVMKMREPJSRX
Z2YQFIVJSVQEXW2YQFIVWJSVQEXXIHYWMRKXLI1MGVSWSJX)\GIP:IVWMSRGSRHMXMSREP
JSVQEXXMRKJIEXYVIEVIHMWTPE]IHMR2YQFIVJSVQEX

Z*SVQYPEWERHJYRGXMSRW-JER)\GIPJMPIGSRXEMRWEJYRGXMSRXLEXMWRSXWYTTSVXIHF])\GIP1SFMPI
XLIJYRGXMSRMWVIQSZIHERHSRP]XLIVIXYVRIHZEPYISJXLIJYRGXMSRETTIEVW8LIJSPPS[MRK
JSVQYPEWEVIEPWSGSRZIVXIHXSZEPYIWJSVQYPEWIRXIVIHEWEREVVE]SVGSRXEMRMRKEREVVE]
EVKYQIRXJSVI\EQTPI!791 _a JSVQYPEWGSRXEMRMRKI\XIVREPPMROVIJIVIRGIWSVER
MRXIVWIGXMSRVERKIVIJIVIRGIERHJSVQYPEWGSRXEMRMRKVIJIVIRGIWTEWXVS[EVIVITPEGIH
Z4VSXIGXMSRWIXXMRKW1SWX[SVOWLIIXERH[SVOFSSOTVSXIGXMSRJIEXYVIWEVIHMWEFPIHFYXRSX
VIQSZIH,S[IZIVWYTTSVXJSVTEWW[SVHTVSXIGXMSRLEWFIIRVIQSZIH;SVOFSSOWXLEXEVI
TEWW[SVHTVSXIGXIHSV[SVOFSSOWMR[LMGLSRISVQSVI[SVOWLIIXWEVITEWW[SVHTVSXIGXIH
GERRSXFISTIRIH=SYQYWXVIQSZIXLITEWW[SVHTVSXIGXMSRMR)\GIPSRXLI4'ERHXLIR
W]RGLVSRM^IXSSTIRXLIJMPISRXLIHIZMGI
Z>SSQWIXXMRKW%VIRSXVIXEMRIH)\GIPWYTTSVXWETIV[SVOWLIIX^SSQWIXXMRK[LMPIXLI)\GIP
1SFMPI^SSQWIXXMRKMWETTPMIHXSXLIIRXMVI[SVOFSSO
Z;SVOWLIIXREQIW2EQIWXLEXVIJIVIRGI[SVOWLIIXW[MXLMRXLIWEQI[SVOFSSOEVIHMWTPE]IH
EGGYVEXIP]FYXREQIWXLEXVIJIVXSSXLIV[SVOFSSOWEVVE]W IK!_a EVVE]JSVQYPEWSV
MRXIVWIGXMSRVERKIWEVIVIQSZIHJVSQXLIREQIPMWX-JEREQIMWVIQSZIHJVSQXLIPMWXMXMWPIJXMR
JSVQYPEWERHJYRGXMSRWGEYWMRKXLSWIJSVQYPEWXSFIVIWSPZIHEWw2%1)#x%PPLMHHIRREQIW
EVIRSXLMHHIR
Z%YXS*MPXIVWIXXMRKW%VIVIQSZIH,S[IZIV]SYGERYWIXLI%YXS*MPXIVGSQQERHMR)\GIP1SFMPI
XSTIVJSVQWMQMPEVJYRGXMSRW
-J]SYLEZIER%YXS*MPXIVETTPMIHXSE[SVOWLIIXXLEXGEYWIWVS[WXSFILMHHIRXLIVS[WVIQEMR
LMHHIR[LIRXLIJMPIMWSTIRIHMR)\GIP1SFMPI9WIXLI9RLMHIGSQQERHXSHMWTPE]XLILMHHIR
VS[W
Z'LEVXJSVQEXXMRK%PPGLEVXWEVIWEZIHXLI[E]XLI]EVIWLS[RMR)\GIP1SFMPI9RWYTTSVXIHGLEVX
X]TIWEVIGLERKIHXSSRISJXLIJSPPS[MRKWYTTSVXIHX]TIW'SPYQR&EV0MRI4MI7GEXXIVSV
%VIE&EGOKVSYRHGSPSVWKVMHPMRIWHEXEPEFIPWXVIRHPMRIWWLEHS[W(IJJIGXWWIGSRHEV]E\IW
ERHPSKEVMXLQMGWGEPIWEVIXYVRIHSJJ
Z;SVOWLIIXJIEXYVIW8LIJSPPS[MRKJIEXYVIWEVIRSXWYTTSVXIHMR)\GIP1SFMPIERHEVIVIQSZIHSV
QSHMJMIH[LIRE[SVOFSSOMWSTIRIHSRXLIHIZMGILMHHIRWLIIXWEVIRSXLMHHIR:&%QSHYPIW
QEGVSWLIIXWERHHMEPSKWLIIXWEVIVIQSZIHERHVITPEGIH[MXLTPEGILSPHIVWLIIXWXI\XFS\IW
HVE[MRKSFNIGXWTMGXYVIWPMWXWGSRHMXMSREPJSVQEXWERHGSRXVSPWEVIVIQSZIHTMZSXXEFPIHEXEMW
GSRZIVXIHMRXSZEPYIW

4S[IV4SMRX1SFMPI
;MXL4S[IV4SMRX1SFMPI]SYGERSTIRERHZMI[WPMHIWLS[TVIWIRXEXMSRWGVIEXIHSR]SYV4'MR
448ERH447JSVQEXW[MXL4S[IV4SMRX ERHPEXIV
1ER]TVIWIRXEXMSRIPIQIRXWFYMPXMRXSXLIWPMHIWLS[WWYGLEWWPMHIXVERWMXMSRWERHERMQEXMSRW
[MPPTPE]SRXLIHIZMGI-JXLITVIWIRXEXMSRMWWIXYTEWEXMQIHWPMHIWLS[SRIWPMHI[MPPEHZERGIXS
XLIRI\XEYXSQEXMGEPP]0MROWXS960WEVIEPWSWYTTSVXIH
4S[IV4SMRXJIEXYVIWRSXWYTTSVXIHSRXLIHIZMGIMRGPYHI
Z2SXIW2SXIW[VMXXIRJSVWPMHIW[MPPRSXFIZMWMFPI
Z6IEVVERKMRKSVIHMXMRKWPMHIW4S[IV4SMRX1SFMPIMWSRP]EZMI[IV
Z*MPIJSVQEXW*MPIWGVIEXIHMR448JSVQEXIEVPMIVXLER4S[IV4SMRX ERH,810JMPIWMR,81ERH
1,8JSVQEXWEVIRSXWYTTSVXIH
;SVH1SFMPI
;SVH1SFMPIMWEWXVIEQPMRIHZIVWMSRSJ1MGVSWSJX;SVH;SVHHSGYQIRXWGVIEXIHSR]SYV4'
GERFISTIRIHERHIHMXIHSR]SYVHIZMGI=SYGEREPWSGVIEXIERHIHMXHSGYQIRXWERHXIQTPEXIWMR
;SVH1SFMPIERHWEZIXLIQEW(3'68*8<8ERH(38JMPIW
=SYGERLEZISRP]SRIHSGYQIRXSTIREXEXMQI;LIR]SYSTIREWIGSRHHSGYQIRXXLIJMVWXSRI
MWWEZIHERHGPSWIHEYXSQEXMGEPP]
;LIR]SYGPSWIERI[P]GVIEXIHHSGYQIRXMXMWEYXSQEXMGEPP]REQIHYWMRKXLIJMVWXWIZIVEP
[SVHWMRXLIHSGYQIRXERHTPEGIHMRXLI;SVH1SFMPIHSGYQIRXPMWX=SYGERIEWMP]VIREQIXLI
HSGYQIRXERHQSZIMXXSERSXLIVJSPHIVSVEWXSVEKIGEVH

8SSPW8ET7XEVX"0+1IRY
"%TTPMGEXMSRW"8SSPW
4VS\]1EREKIV
4VS\]1EREKIVLERHPIWTVS\]YWIJSVETTPMGEXMSRW
(MWEFPI4VS\];LIR]SYYWIXLI&VS[WIVXLVSYKL%GXMZI7]RGSV;M*M]SYWLSYPHWIPIGX
(MWEFPI4VS\]ERHXET3/XSHMWEFPITVS\]YWEKI
6IWXSVI4VS\];LIR]SYYWIXLI&VS[WIVXLVSYKL+467]SYWLSYPHWIPIGX6IWXSVI4VS\]ERH
XET3/XSIREFPITVS\]YWEKI
2SXI
Z6
 IWXSVI4VS\]MWWIPIGXIHF]HIJEYPX
.EZE
0+'2WYTTSVXW.EZEWS]SYGERIEWMP]HS[RPSEH.EZEKEQIWERHSXLIV.EZEETTPMGEXMSRWJVSQ
XLI-RXIVRIX
8LMWQIRYLEWX[SWYFJSPHIVW+EQIWERH%TTPMGEXMSRW)EGLJSPHIVLEWERIQFIHHIHPMROJSV
HS[RPSEHMRK+EQIWSV%TTPMGEXMSRWJVSQXLI-RXIVRIX
4PIEWIRSXIXLEXEHHMXMSREPGLEVKIWQE]ETTP][LIRYWMRKSRPMRIWIVZMGIW

)REFPI(92
2SXI
Z&IJSVIEGXMZEXMRK(92QEOIWYVI]SYVHIZMGILEWE+4677-1GEVHMRWXEPPIH%PWSQEOI
WYVI]SYLEZIHEXEWYTTSVXXSIREFPI(92ERHLEZIGSRRIGXIH]SYVHIZMGIXSEGSQTYXIV
ZME97&
Z8SYWI(92]SYLEZIXSMRWXEPPXLI97&7IVMEP1SHIQ 0+97&;101SHIQ(VMZIV SR]SYVGSQTYXIV
6IJIVXS[[[PKQSFMPIGSQ
Z;LIR]SYEGXMZEXI(92%GXMZI7]RG[MPPFIHMWEFPIHEYXSQEXMGEPP]
8S7IXYT]SYVHIZMGIEWER97&QSHIQ
3R]SYVHIZMGIXET7XEVX"8SSPW")REFPI(92
4PYKMRXLI97&GEFPIEHETXIVFIX[IIR]SYVHIZMGIERHXLIGSQTYXIV
8SYGL%GXMZEXI PIJXWSJXOI] 
8SEHH]SYVHIZMGIEWE97&QSHIQXS]SYV'SQTYXIV
3R]SYVGSQTYXIVGPMGO7XEVX"'SRXVSP4ERIP
(SYFPIGPMGO4LSRIERH1SHIQ3TXMSRW
'PMGOXLI1SHIQWXEF7IPIGXXLIRI[QSHIQJVSQXLI1SHIQPMWXXLIRHSYFPIGPMGOXLIRI[
1SHIQ
3RXLI%HZERGIHXEFEHHJSPPS[MRK%XGSQQERHXSXLI)\XVEMRMXMEPM^EXMSRGSQQERHW
%8'+('328!MT EGGIWWTSMRXREQI"
2SXI
Z* SVI\EQTPIEXGKHGSRX!xMTxxMWTGMRKYPEVx

8SHMEPYTERHGSRRIGXXSXLI-RXIVRIX
3R]SYVGSQTYXIVGPMGO7XEVX"'SRXVSP4ERIP
(SYFPIGPMGO
'PMGO*MPI"'VIEXIERI['SRRIGXMSR
-RXLI2I['SRRIGXMSR;M^EVHGPMGO2I\X
'PMGO'SRRIGXXSXLI-RXIVRIXXLIGPMGO2I\X
7IPIGX7IXYTQ]GSRRIGXMSRQERYEPP]XLIRGPMGO2I\X
7IPIGX'SRRIGXYWMRKEHMEPYTQSHIQXLIRGPMGO2I\X
-JTVSQTXIHWIPIGXXLIQSHIQXLEX]SYTVIZMSYWP]MRWXEPPIHXLIRGPMGO2I\X
)RXIVEHIWGVMTXMZIREQIJSVXLMWGSRRIGXMSRXLIRGPMGO2I\X
)RXIVXLIXIPITLSRIRYQFIVEWSVXLIZIRHSVWYTTSVXRYQFIV I\ XLIRGPMGO
2I\X
9RHIV-RXIVRIX%GGSYRX-RJSVQEXMSR]SYHSRSXRIIHXSIRXIVEYWIVREQISVTEWW[SVH.YWX
GPMGO2I\XXSTVSGIIH
'PMGO*MRMWLXSI\MXXLI[M^EVH
8LI'SRRIGXHMEPSKFS\XLIRSTIRW'PMGO4VSTIVXMIWXSGLIGOEKEMR[LIXLIVXLI0+);1097&
1SHIQMWWIPIGXIH-JMXMWGSVVIGXGPMGO3/ERHXLIRVIXYVRXSXLIGSRRIGXHMEPSKFS\
'PMGO(MEPXSHMEPYTERHGSRRIGXXSXLI-RXIVRIX

1SFMPI>MT
1SFMPI>MTMWEREVGLMZMRKXSSPXLEXEPPS[W]SYXSI\XVEGXERHWXSVIJMPIWMR>MTJSVQEX
1SFMPI>MT:MI[
1SFMPI>MTvWHMWTPE]GSRWMWXWSJZMI[WQIRYWERHHMEPSKW8LIVIEVIJMZIZMI[WERHRYQIVSYW
HMEPSKWXSJEGMPMXEXIWIXXMRKWERHHEXEMRTYX8LI,SQI:MI[MWYWIHQEMRP]EWWXEVXYTTEKI[LIVI
]SYPIEVRERHWIXWSQIFEWMGJIEXYVIWSJXLIETTPMGEXMSR-XGSRWMWXWSJSTXMSRWXSWIXHIJEYPXHMEPSK
MRTEWW[SVHMRTYXHMEPSK
8SREZMKEXIQIRYW
1EMR1IRYMWGPIEVP]ZMWMFPIXLVSYKLSYXXLIETTPMGEXMSR-XMWEGGIWWMFPIYWMRKXLIVMKLXWSJXOI]
1EMR1IRYMWEH]REQMGQIRY-XTVSZMHIWGSQQERHWXSEGGIWWZMI[WTEWW[SVHQEREKIVERH
SXLIVH]REQMGGSQQERHW
7LSVXGYX1IRYMWEGGIWWMFPI[LMPISRXLIWGVIIRXLEXHMWTPE]W]SYVJMPIW7MQTP]XETERHLSPHJSV
XLI7LSVXGYXQIRYXSHMWTPE]
8SSPFEV1IRYWMWGPIEVP]ZMWMFPIEXXLIXSTFEVSJJSPHIVZMI[8LIWIQIRYWEVIHIWMKRIHXSLIPTXLI
YWIVREZMKEXIJSPHIVWERHWSVXMXIQW

8S)\XVEGX>-4%VGLMZI%VGLMZIW
-RXLIWIPIGXIHJSPHIVZMI[XETERHLSPHSRXLIWIPIGXIHEVGLMZIEVGLMZIW3RXLIJSPHIVWLSVXGYXGSRXI\X
QIRYWIPIGX
)\XVEGXGSQQERHXSI\XVEGXXLIWIPIGXIHEVGLMZIEVGLMZIW[MXLSTXMSR
XSWIXHIWXMREXMSRJSPHIVWIXTEWW[SVHWIPIGXI\XVEGXMSRFILEZMSVIXG
)\XVEGX,IVIGSQQERHXSWMQTP]I\XVEGXXLIGSRXIRXSJXLIWIPIGXIH
EVGLMZIEVGLMZIWMRXLMWJSPHIV
)\XVEGXXSuREQIJSPHIVvGSQQERHXSWMQTP]I\XVEGXXLIGSRXIRX
SJXLIWIPIGXIHEVGLMZIEVGLMZIWMRXSXLIREQIHJSPHIV
8S%WWSGMEXI1SFMPI>MT[MXLSXLIVJMPIW
=SYGERWIPIGX1SFMPI>MTXSFIEWWSGMEXIH[MXLWYTTSVXIHJMPII\XIRWMSRW
-RXLI3TXMSRWXEFWIPIGX*MPI%WWSGMEXMSR-RXLIHMEPSKYWIXLIWSJXOI]W
XSGPIEVSVEHHEPPWYTTSVXIHJMPIW=SYGERQERYEPP]HIPIXII\XIRWMSRW
XLEX]SYHSRSX[ERXXSFIEWWSGMEXIH[MXL1SFMPI>MT
*MK7IEVGL(MEPSK

6IWIXXLI(IZMGI
3GGEWMSREPP]]SYQE]RIIHXSVIWIX]SYVHIZMGI%RSVQEP SVWSJX VIWIXSJ]SYVHIZMGIGPIEVWEPP
EGXMZITVSKVEQQIQSV]ERHWLYXWHS[REPPEGXMZITVSKVEQW8LMWMWYWIJYP[LIRXLIHIZMGIMW
VYRRMRKWPS[IVXLERYWYEPSVETVSKVEQMWRSXTIVJSVQMRKTVSTIVP]%WSJXVIWIXMWEPWSRIGIWWEV]
EJXIVXLIMRWXEPPEXMSRSJWSQITVSKVEQW-J]SYTIVJSVQEWSJXVIWIX[LIRTVSKVEQWEVIVYRRMRK]SY
[MPPPSWIYRWEZIH[SVO
8STIVJSVQEWSJXVIWIX
PSGEXIHSRXLIYTTIVGIRXIVSJXLIFEXXIV]GSQTEVXQIRX
%WSJXVIWIXSJ]SYVHIZMGIGPIEVWEPPEGXMZITVSKVEQQIQSV]ERHWLYXWHS[REPPEGXMZITVSKVEQW
8LMWMWYWIJYP[LIR]SYVHIZMGIMWVYRRMRKWPS[IVXLERRSVQEPSVETVSKVEQMWRSXTIVJSVQMRK
TVSTIVP]%WSJXVIWIXMWEPWSRIGIWWEV]EJXIVXLIMRWXEPPEXMSRSJWSQITVSKVEQW-J]SYTIVJSVQE
WSJXVIWIX[LIRTVSKVEQWEVIVYRRMRK]SY[MPPPSWIYRWEZIH[SVO
8STIVJSVQELEVHVIWIX
%JXIVELEVHVIWIXXLIHIZMGIMWVIWXSVIHXSMXWHIJEYPXWIXXMRKW XLI[E]MX[EW[LIR]SYJMVWX
TYVGLEWIHMXERHXYVRIHMXSR %R]TVSKVEQW]SYMRWXEPPIHHEXE]SYIRXIVIHERHWIXXMRKW]SY
GYWXSQM^IHSR]SYVHIZMGI[MPPFIPSWX
8YVRSRXLIHIZMGI
8ET7XEVX"7IXXMRKW"7]WXIQ"'PIEV7XSVEKI
'LSSWI[LIXLIVXSHIPIXI-RXIVREP1IQSV]SV)\XIVREP1IQSV] 7(GEVH SVFSXL
4VIWW'PIEV
4VIWW=IW%PPWIXXMRKWVIWIXXSXLIMVHIJEYPXZEPYIWERHEPPHEXEMWHIPIXIH

-J]SYVTLSRIMWPSGOIHERH]SYJSVKSX]SYVTEWW[SVHXLISRP][E]XSLEVHVIWIXXLIHIZMGIMW
XLVSYKLXLILEVHOI]WIUYIRGI
8YVRXLIHIZMGI3**F]TVIWWXLITS[IVFYXXSRJSVEJI[WIGSRHW
8YVRSR]SYVTLSRI
;LIRXLITLSRIFIKMRWXLIFSSXYTTVSGIWWLSPHHS[RXLI(S[R:SPYQIOI]1YPXMXEWOMRK/I]
ERHXLI)RH/I]
6IPIEWI[LIRXLIWXEXYWPMKLXWGLERKIQYPXMTPIGSPSVW
SJXLILEVHOI]VIWIXMWWYGGIWWJYPXLI%PMKRWGVIIR[MPPETTIEV


---

Source Exif Data:

File Type                       : PDF
File Type Extension             : pdf
MIME Type                       : application/pdf
PDF Version                     : 1.6
Linearized                      : No
XMP Toolkit                     : Adobe XMP Core 4.0-c316 44.253921, Sun Oct 01 2006 17:14:39
Create Date                     : 2010:09:06 17:16:43+09:00
Modify Date                     : 2010:09:07 12:01:25+09:00
Metadata Date                   : 2010:09:07 12:01:25+09:00
Producer                        : Acrobat Distiller 8.1.0 (Windows)
Format                          : application/pdf
Title                           : untitled
Document ID                     : uuid:caea1d19-61af-40bf-83f4-9908e9703361
Instance ID                     : uuid:ec43b069-5cc9-4fac-bd5d-bb1e23a64908
Has XFA                         : No
Page Count                      : 96

EXIF Metadata provided by EXIF.tools