One World Technologies GD125 Garage Door Opener User Manual GD125 220 trilingual 01 EN

One World Technologies, Inc. Garage Door Opener GD125 220 trilingual 01 EN

Contents

Users Manual-1

34)6%83671%29%0
1%29)0(98-0-7%8-32
1%29%0()034)6%(36
+%6%+)(33634)2)6
39:6)4368)()+%6%+)
7-78)1%()%4)6896%4%6%
4368Õ2()+%6%.)
+(
=SYVKEVEKIHSSVSTIRIVLEWFIIRIRKMRIIVIHERHQERYJEGXYVIHXSSYVLMKLWXERHEVHJSVHITIRHEFMPMX]IEWISJSTIVEXMSR
ERHSTIVEXSVWEJIX];LIRTVSTIVP]GEVIHJSVMX[MPPKMZI]SY]IEVWSJVYKKIHXVSYFPIJVIITIVJSVQERGI
;%62-2+8SVIHYGIXLIVMWOSJMRNYV]XLIYWIVQYWXVIEHERHYRHIVWXERHXLISTIVEXSVWQERYEP
FIJSVIYWMRKXLMWTVSHYGX
8LERO]SYJSV]SYVTYVGLEWI
'ISYZVITSVXIHIKEVEKIEÃXÃGSR£YIXJEFVMUYÃGSRJSVQÃQIRX
ÆRSWWXVMGXIWRSVQIWHIJMEFMPMXÃWMQTPMGMXÃHIQTPSMIXWÃGYVMXÃ
HYXMPMWEXMSR'SVVIGXIQIRXIRXVIXIRYGIXSYXMPZSYWHSRRIVEHIW
ERRÃIWHIJSRGXMSRRIQIRXVSFYWXIIXWERWTVSFPÀQI
%:)68-77)1)28
4SYVVÃHYMVIPIWVMWUYIWHIFPIWWYVIWPYXMPMWEXIYVHSMXPMVIIX
ZIMPPIVÆFMIRGSQTVIRHVIPIQERYIPHYXMPMWEXMSREZERXHIQTPS]IV
GITVSHYMX
1IVGMHIZSXVIEGLEX
7YWMWXIQEHIETIVXYVETEVETSVXºRHIKEVENILEWMHSHMWI»EHS
]JEFVMGEHSHIGSRJSVQMHEHGSRRYIWXVEWIWXVMGXEWRSVQEWTEVE
FVMRHEVJMEFMPMHEHJEGMPMHEHHIYWS]WIKYVMHEHTEVEIPSTIVEHSV
'SR IP HIFMHS GYMHEHS PI FVMRHEVÉ QYGLSW E»SW HI WºPMHS
JYRGMSREQMIRXS]WMRTVSFPIQEW
%(:)68)2'-%
4EVE VIHYGMV IP VMIWKS HI PIWMSRIW IP YWYEVMS HIFI PIIV ]
GSQTVIRHIVIPQERYEPHIPSTIVEHSVERXIWHIYWEVIWXITVSHYGXS
0IEKVEHIGIQSWWYGSQTVE
'327)6:)6')1%29)04396
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*9896%7'327908%7
7%:)8,-71%29%0*36*9896)6)*)6)2')
,SQI0MROERHXLI,SQI0MROLSYWIMGSREVIVIKMWXIVIHXVEHIQEVOWSJ+IRXI\'SVTSVEXMSR
,SQI0MROIXPMQEKIHIQEMWSR,SQI0MROWSRXHIWQEVUYIWHÃTSWÃIWHI+IRXI\'SVTSVEXMSR
,SQI0MRO]IPMGSRSHIPEGEWEHI,SQI0MROWSRQEVGEWGSQIVGMEPIWVIKMWXVEHEWHI+IRXI\'SVTSVEXMSR
%RMRWXEPPEXMSRZMHISGERFIJSYRHF]WIEVGLMRK=SY8YFIJSVl3JJMGMEP6]SFM+EVEKI(SSV3TIRIV+(6EMPW
ERH3TIRIV-RWXEPPEXMSR:MHISz
9RIZMHÃSHMRWXEPPEXMSRTIYXÂXVIXVSYZÃIIRIJJIGXYERXYRIVIGLIVGLIWYV=SY8YFITSYVm3JJMGMEP6]SFM+EVEKI
(SSV3TIRIV+(6EMPWERH3TIRIV-RWXEPPEXMSR:MHIS{ZMHÃSSJJMGMIPPITSYVMRWXEPPEXMSRHIVEMPWIXHISYZVI
TSVXIHIKEVEKI+(
4YIHI IRGSRXVEV YR ZMHIS HI MRWXEPEGMºR FYWGERHS l3JJMGMEP 6]SFM +EVEKI (SSV 3TIRIV +( 6EMPW ERH
3TIRIV-RWXEPPEXMSR:MHISzZMHISSJMGMEPTEVEMRWXEPEGMºRHIVMIPIW]PEWMWXIQEHIETIVXYVETEVETSVXºRHIKEVEKI
+(IR=SY8YFI
)RKPMWL
8%&0)3*'328)287
8%&0)()71%8-Û6)7Ú2(-')()'328)2-(3
-RXVSHYGXMSR 
 -RXVSHYGXMSR-RXVSHYGGMºR
7TIGMJMG7EJIX]6YPIW 
 6ÀKPIWHIWÃGYVMXÃTEVXMGYPMÀVIW6IKPEWHIWIKYVMHEHIWTIG¿JMGEW
 ;M*M'SQQYRMGEXMSR-RJSVQEXMSR 
 6IRWIMKRIQIRXWHIGSQQYRMGEXMSRTEV;M*M-RJSVQEGMºRHIGSQYRMGEGMºRTSV[MJM
 7]QFSPW
 7]QFSPIW7¿QFSPSW
)PIGXVMGEP 
 'EVEGXÃVMWXMUYIWÃPIGXVMUYIW%WTIGXSWIPÃGXVMGSW
 *IEXYVIW
 'EVEGXÃVMWXMUYIW'EVEGXIV¿WXMGEW
 0SSWI4EVXW
 4MÀGIWHÃXEGLÃIW4MI^EWWYIPXEW
8SSPW2IIHIH 
 3YXMPWRÃGIWWEMVIW,IVVEQMIRXEWRIGIWEVMEW
 %WWIQFP]
 %WWIQFPEKI%VQEHS
 -RWXEPPEXMSR
 -RWXEPPEXMSR-RWXEPEGMºR
 3TIVEXMSR
 9XMPMWEXMSR*YRGMSREQMIRXS
 1EMRXIRERGI
 )RXVIXMIR1ERXIRMQMIRXS
%GGIWWSVMIW 
 %GGIWWSMVIW%GGIWSVMSW
 8VSYFPIWLSSXMRK
 (ÃTERREKI'SVVIGGMºRHITVSFPIQEW
;EVVERX] 
 +EVERXMI+EVERX¿E
 4EVXW3VHIVMRK7IVZMGI&EGO4EKI
 'SQQERHIHITMÀGIWIXVÃTEVEXMSR4IHMHSWHITMI^EW]WIVZMGMS 4EKIEVVMÀVI4ÉKTSWXIVMSV
-2863(9'8-32
-2863(9'8-32-2863(9''-Õ2
8LMWTVSHYGXLEWQER]JIEXYVIWJSVQEOMRKMXWYWIQSVITPIEWERXERHIRNS]EFPI7EJIX]TIVJSVQERGIERHHITIRHEFMPMX]
LEZIFIIRKMZIRXSTTVMSVMX]MRXLIHIWMKRSJXLMWTVSHYGXQEOMRKMXIEW]XSQEMRXEMRERHSTIVEXI

'ITVSHYMX SJJVIHI RSQFVIYWIW JSRGXMSRW HIWXMRÃIWÆ VIRHVIWSR YXMPMWEXMSRTPYW TPEMWERXIIX WEXMWJEMWERXI 0SVW HI PE
GSRGITXMSRHIGITVSHYMXPEGGIRXEÃXÃQMWWYVPEWÃGYVMXÃPIWTIVJSVQERGIWIXPEJMEFMPMXÃEJMRHIRJEMVIYRSYXMPJEGMPIÆ
YXMPMWIVIXÆIRXVIXIRMV

)WXITVSHYGXSSJVIGIRYQIVSWEWGEVEGXIV¿WXMGEWTEVELEGIVQÉWEKVEHEFPI]TPEGIRXIVSWYYWS)RIPHMWI»SHIIWXITVSHYGXS
WILEGSRJIVMHSTVMSVMHEHEPEWIKYVMHEHIPHIWIQTI»S]PEJMEFMPMHEHTSVPSGYEPWIJEGMPMXEWYQERINS]QERXIRMQMIRXS
)RKPMWL
;%62-2+
6)%( %2( 92()678%2( %00 -27869'8-327
&)*36)97-2+8,-7+%6%+)(33634)2)6XS
VIHYGI XLI VMWO SJ IPIGXVMG WLSGO JMVI ERHSV WIVMSYW
TIVWSREPMRNYV]
*SVYWI[MXLVIWMHIRXMEPWIGXMSREPSVWMRKPITERIPKEVEKI
HSSVW2SXJSVGSQQIVGMEPYWI
3RP]IREFPIXLI6=3&-¬+EVEKI(SSV3TIRIV%GGIWWSV]
7]WXIQ¬%TTJIEXYVI[LIRMRWXEPPIH[MXLEWIGXMSREPHSSV
/RS[]SYVTVSHYGX 6IEH STIVEXSVWQERYEP GEVIJYPP]
0IEVR MXW ETTPMGEXMSRW ERH PMQMXEXMSRW EW [IPP EW XLI
WTIGMJMGTSXIRXMEPLE^EVHWVIPEXIHXSXLMWYRMX*SPPS[MRK
XLMWVYPI[MPPVIHYGIXLIVMWOSJIPIGXVMGWLSGOJMVIHIEXL
SVWIVMSYWMRNYV]
%P[E]W JSPPS[ EPP WEJIX] VYPIW VIGSQQIRHIH F] XLI
QERYJEGXYVIVSJ]SYVKEVEKIHSSVSTIRIVMREHHMXMSRXS
EPPWEJIX]VYPIWJSVXLIKEVEKIHSSVSTIRIVEXXEGLQIRX
ERHEGGIWWSVMIW*SPPS[MRKXLMWVYPI[MPPVIHYGIXLIVMWO
SJWIVMSYWTIVWSREPMRNYV]
(IZMGIWSVJIEXYVIWWYGLEWXLI6=3&-¬+EVEKI(SSV
3TIRIV%GGIWWSV]7]WXIQ¬%TTXLEXEPPS[]SYXSSTIR
ERHGPSWIXLIKEVEKI[MXLSYXXLIKEVEKIHSSVFIMRKMR
ZMI[WLSYPHSRP]FIYWIH[MXLWIGXMSREPKEVEKIHSSVW
(S RSX YWI ER] EXXEGLQIRXW SV EGGIWWSVMIW RSX
VIGSQQIRHIHF]XLIQERYJEGXYVIVSJXLMWTVSHYGX
%QSRXLP]XIWXSJXLIHIZMGIWJYRGXMSREPMX]MWVIGSQQIRHIH
XSIRWYVIVIPMEFPITIVJSVQERGISZIVXMQI
(SRSXYWIXLIKEVEKIHSSVSTIRIVMJMXMWHEQEKIHSV
FVSOIR
(SRSXYWIKEVEKIHSSVSTIRIVMJOI]TEHWHSRSXWXEVX
ERHWXSTXLIQSXSV%RSTIRIVXLEXGERRSXFIGSRXVSPPIH
[MXLEOI]TEHMWHERKIVSYWERHQYWXFIVITEMVIH
8S EZSMH EGGMHIRXEP YWI TPEGI OI]TEHW ERH VIQSXIW
MR E PSGEXMSR EX PIEWX JMZI JIIX EFSZI XLI JPSSV XLEX MW
MREGGIWWMFPI XS GLMPHVIR ERH SXLIVW RSX UYEPMJMIH XS
STIVEXIXLIQEGLMRI
(SRSXEPPS[GLMPHVIRSVYRXVEMRIHMRHMZMHYEPWXSYWIXLMW
YRMX
(SRSXEPPS[XSFIYWIHEWEXS]'PSWIEXXIRXMSRMW
RIGIWWEV][LIRYWIHRIEVGLMPHVIR
8SEZSMHHIEXLSVWIVMSYWTIVWSREPMRNYV]WXE]GPIEVSJ
XLIKEVEKIHSSV[LMPIMXMWQSZMRK
8LIIJJIGXMZIRIWWSJXLIWEJIX]WIRWSVWMRGPYHIHMRXLMW
W]WXIQHMVIGXP]VIPEXIWXSXLITPEGIQIRXERHMRWXEPPEXMSR
SJXLIWIRWSVW
9WI I\XVE GEVI [LIR QSYRXMRK XLI YRMX /IIT TVSTIV
JSSXMRKERHFEPERGIEXEPPXMQIW
1SYRXXLIKEVEKIHSSVSTIRIVXSNSMWXWSRP]2IZIVQSYRX
XLIYRMXXSHV][EPPSVJEPWIGIMPMRKKVMHW*EMPYVIXSTVSTIVP]
MRWXEPP XLI KEVEKI HSSV STIRIV GSYPH VIWYPX MR E JEPPMRK
LE^EVHXLEXGERGEYWIHIEXLSVWIVMSYWTIVWSREPMRNYV]
8LMW TVSHYGX MW RSX IUYMTTIH JSV TIVQERIRX [MVMRK
'SRXEGXPMGIRWIHIPIGXVMGMERXSMRWXEPPEWYMXEFPIVIGITXEGPI
MJSRIMWRSXEZEMPEFPI
4PYKXLIKEVEKIHSSVSTIRIVHMVIGXP]MRXSETS[IVWSYVGI
(SRSXEXXEGLERI\XIRWMSRGSVHSVGSVHEHETXSVXSXLMW
TVSHYGXWTS[IVGSVH
(SRSXYRTPYKF]TYPPMRKSRGSVH8SYRTPYKKVEWTXLI
TPYKRSXXLIGSVH
(SRSXLERHPITS[IVWYTTP]GSVH[MVIW[MVIXIVQMREPW
SVEGGIWWSVMIW[MXL[IXLERHW
9RTPYK XLI KEVEKI HSSV STIRIV FIJSVI QEOMRK ER]
EHNYWXQIRXW GLERKMRK EGGIWWSVMIW SV TIVJSVQMRK
QEMRXIRERGI7YGLTVIZIRXMZIWEJIX]QIEWYVIWVIHYGI
XLIVMWOSJIPIGXVSGYXMSRSVIPIGXVMGWLSGO
-RWTIGXTS[IVWYTTP] GSVHERH[MVIWTIVMSHMGEPP]ERH
MJHEQEKIHLEZIVITEMVIHF]XLIQERYJEGXYVIVXSEZSMH
VMWO/IITTS[IVWYTTP]GSVHERH[MVIWE[E]JVSQTMRGL
TSMRXWERHQSZMRKTEVXW*SPPS[MRKXLMWVYPI[MPPVIHYGI
XLIVMWOSJIPIGXVMGWLSGOSVJMVI
'LIGOHEQEKIHTEVXW&IJSVIJYVXLIVYWISJXLIKEVEKI
HSSVSTIRIVEFIPXTYPPI]SVSXLIVTEVXXLEXMWHEQEKIH
WLSYPH FI GEVIJYPP] GLIGOIH XS HIXIVQMRI XLEX MX [MPP
STIVEXI TVSTIVP] ERH TIVJSVQ MXW MRXIRHIH JYRGXMSR
'LIGOJSVEPMKRQIRXSJQSZMRKTEVXWFMRHMRKSJQSZMRK
TEVXWFVIEOEKISJTEVXWERHER]SXLIVGSRHMXMSRWXLEX
QE]EJJIGXMXWSTIVEXMSR%FIPXTYPPI]SVSXLIVTEVXXLEX
MWHEQEKIHWLSYPHFITVSTIVP]VITEMVIHSVVITPEGIHF]
XLIQERYJEGXYVIV*SPPS[MRKXLMWVYPI[MPPVIHYGIXLIVMWO
SJWLSGOJMVISVWIVMSYWMRNYV]
;LIRWIVZMGMRKETVSHYGXYWISRP]MHIRXMGEPVITPEGIQIRX
TEVXW*SPPS[MRWXVYGXMSRWMRXLI2FNSYJSFSHJWIGXMSRSJ
XLMWQERYEP9WISJYREYXLSVM^IHTEVXWSVJEMPYVIXSJSPPS[
1EMRXIRERGIMRWXVYGXMSRWQE]GVIEXIEVMWOSJMRNYV]
2IZIV EXXIQTX XS PSSWIR EHNYWX SV VIQSZI XLI HSSV
WTVMRKW XSVWMSR WTVMRK ERHSV I\XIRWMSR WTVMRK HSSV
WTVMRKGSQTSRIRXWSVER]WYVJEGIWXS[LMGLXLIWIMXIQW
EVIWIGYVIH8LIWIMXIQWEVIYRHIVI\XVIQIXIRWMSRERH
ER]WYGLEPXIVEXMSRGSYPHVIWYPXMRHIEXLWIVMSYWTIVWSREP
MRNYV]ERHSVTVSTIVX]HEQEKI
7IVZMGMRKSJKEVEKIHSSVWHSSVWTVMRKWXSVWMSRERHSV
I\XIRWMSRWTVMRKWERHHSSVWTVMRKGSQTSRIRXWWLSYPH
FITIVJSVQIHSRP]F]EUYEPMJMIHWIVZMGITIVWSR
8STVIZIRX7)6-397-2.96=SV()%8,(3238STIR
KEVEKI HSSV MJ JMVI MW TVIWIRX YRPIWW ]SY QYWX IWGETI
XLVSYKLMX'%00SVXLIJMVIHITEVXQIRX3TIRMRKXLI
KEVEKIHSSV[MPPMRXVSHYGIJVIWLEMVERHQE]GEYWIJMVIXS
WTVIEHVETMHP]
74)'-*-'7%*)8=690)7
)RKPMWL
=SYVKEVEKIHSSVSTIRIVGERFISTIVEXIHVIQSXIP]SR
XLIWQEVXTLSRIETT
8LI GSQQYRMGEXMSR HMWXERGI VERKI FIX[IIR ]SYV
KEVEKIHSSVSTIRIVERH]SYV;M*MVSYXIVQE]FI
JIIXQIXIVWMRWMHI]SYVLSQI%RYQFIVSJJEGXSVWMR
ERHEVSYRH]SYVLSQIQE]VIHYGIXLMWVERKIMRGPYHMRK
XLI RYQFIV SJ JPSSVW RYQFIVWM^I SJ VSSQW JYVRMXYVI
ERH X]TIW SJ FYMPHMRK QEXIVMEPW YWIH JSV GSRWXVYGXMSR
)\EQTPIW QE] MRGPYHI WYWTIRHIH GIMPMRKW HYGX[SVO
PEVKIQIXEPPMGETTPMERGIWVIJVMKIVEXSVWERHQIXEPWXYHW
-RXIVJIVIRGI JVSQ XLIWI JEGXSVW MR ]SYV LSQI GER FI
SZIVGSQIF]EHHMRK;M*MWMKREPFSSWXIVWXSI\XIRHXLI
VERKISJXLI[MVIPIWWWMKREPJVSQ]SYVVSYXIVMR]SYVLSQI
238)
8LIVERKIERHTVSTIVSTIVEXMSRSJER][MVIPIWWHIZMGI
[MPPZEV]HITIRHMRKSRJEGXSVWMRERHEVSYRH]SYVLSQI
=SYV KEVEKI HSSV STIRIV QE] RSX XVERWQMX FIX[IIR
FYMPHMRKW-J]SYLEZIEHIXEGLIHKEVEKI]SYVKEVEKI
HSSVSTIRIVQE] RSX GSQQYRMGEXITVSTIVP] [MXL]SYV
;M*MVSYXIV
1IXEPSFNIGXWIK[EPPWXYHWERHQIXEPPMG[EPPTETIVQE]
MRXIVJIVI[MXLXLIWMKREPJVSQ]SYV+EVEKI(SSV3TIRIV
=SY[MPPRIIHXSXIWX]SYV+EVEKI(SSV3TIRIVEJXIVER]
GLERKIWXS]SYVLSQISVKEVEKIMRGPYHMRKVIQSHIPMRK
QSZMRKJYVRMXYVIERHMRWXEPPMRKRI[ETTPMERGIWSVHIZMGIW
XLEXGSQQYRMGEXI[MXL]SYV;M*MVSYXIV
238-')
-XMWMQTSVXERXXLEXXLI[MVIPIWWWMKREPJVSQ]SYVVSYXIVMW
WIGYVIH%RYRWIGYVIHWMKREPGSYPHEPPS[YREYXLSVM^IH
EGGIWWXSHIZMGIWGSQQYRMGEXMRKSR]SYVLSQIRIX[SVO
MRGPYHMRK]SYVKEVEKIHSSVSTIRIV
7MRGI XLI W WIGYVMX] EPKSVMXLQW LEZI FIIR YWIH
XSIRGV]TX ERH TVSXIGX[MVIPIWWWMKREPW 8LI X[SQSWX
GSQQSRP]YWIHEPKSVMXLQWEVI;)4ERH;4%;4%
w ;)4;MVIH)UYMZEPIRX4VMZEG]MWXLISPHIWXERHQSWX
[MHIP]YWIHWIGYVMX]EPKSVMXLQ(IWTMXIMXWTSTYPEVMX]
XLMWEPKSVMXLQMWXLIQSWXWYWGITXMFPIXSLEGOMRK8LI
RIX[SVOTEWW[SVHWYWIHXSTVSXIGX;)4RIX[SVOW
LEZI XS FI I\EGXP]  SV  GLEVEGXIVW PSRK ERH
GER SRP] MRGPYHI LI\EHIGMQEP GLEVEGXIVW EJ ERH
 &] QSHIVR WXERHEVHW TEWW[SVHW [MXL XLIWI
PMQMXEXMSRWEVIRSXGSQTPI\IRSYKLXSSJJIVEHIUYEXI
WIGYVMX]-RXLI*IHIVEP&YVIEYSJ-RZIWXMKEXMSR
HIQSRWXVEXIH;)4WZYPRIVEFMPMXMIWF]IEWMP]GVEGOMRK
;)4TEWW[SVHWYWMRKTYFPMGP]EZEMPEFPIWSJX[EVI
(YIXSWIVMSYW WIGYVMX] GSRGIVRW ]SYV KEVEKI
HSSVSTIRIV[MPPRSXGSRRIGXXSVSYXIVWYWMRK;)4
RIX[SVOWIGYVMX]6IJIVXS]SYVVSYXIVWSTIVEXSVW
QERYEPXSGLERKIXLIWIGYVMX]X]TIXS;4%;4%
w ;4%;4% ;M*M 4VSXIGXIH %GGIWW [EW GVIEXIH
EWEWEJIVEPXIVREXMZIXS;)48LIGV]TXSKVETLMG
XIGLRSPSK]MRXLMWEPKSVMXLQMWJEVWYTIVMSVXSXLEXSJMXW
TVIHIGIWWSV;4%;4%TEWW[SVHWGERFIYTXS
GLEVEGXIVWPSRKERHMRGPYHILI\EHIGMQEPGLEVEGXIVW
EW[IPPEWER]TVMRXEFPI%7'--GLEVEGXIVWE^
TYRGXYEXMSR QEVOW ERH WSQI KP]TLW %PXLSYKL MX
SJJIVWKVIEXIVTVSXIGXMSRW;4%;4%RIX[SVOWGER
WXMPPFIZYPRIVEFPIMJ[IEOTEWW[SVHWEVIYWIH%P[E]W
YWIEWXVSRKTEWW[SVHXLEXMRGPYHIWYTTIVERHPS[IV
GEWIPIXXIVWTYRGXYEXMSRQEVOWRYQFIVWERHKP]TLW
MJWYTTSVXIHXSVIHYGIXLIVMWOSJXLITEWW[SVHFIMRK
GVEGOIHSVKYIWWIHF]YREYXLSVM^IHTEVXMIW
;-*-'31192-'%8-32-2*361%8-32
)RKPMWL
8LIJSPPS[MRKWMKREP[SVHWERHQIERMRKWEVIMRXIRHIHXSI\TPEMRXLIPIZIPWSJVMWOEWWSGMEXIH[MXLXLMWTVSHYGX
7=1&30 7-+2%0 1)%2-2+
(%2+)6 -RHMGEXIWELE^EVHSYWWMXYEXMSR[LMGL MJ RSX EZSMHIH [MPP VIWYPXMRHIEXLSV
WIVMSYWMRNYV]
;%62-2+-RHMGEXIWELE^EVHSYWWMXYEXMSR[LMGLMJRSXEZSMHIHGSYPHVIWYPXMRHIEXLSV
WIVMSYWMRNYV]
'%98-32 -RHMGEXIW E LE^EVHSYW WMXYEXMSR XLEX MJ RSX EZSMHIH QE] VIWYPX MR QMRSV SV
QSHIVEXIMRNYV]
238-') ;MXLSYX7EJIX]%PIVX7]QFSP-RHMGEXIWMRJSVQEXMSRGSRWMHIVIHMQTSVXERXFYX
RSXVIPEXIHXSETSXIRXMEPMRNYV]IKQIWWEKIWVIPEXMRKXSTVSTIVX]HEQEKI
7SQISJ XLIJSPPS[MRKW]QFSPW QE]FI YWIH SRXLMW TVSHYGX4PIEWI WXYH] XLIQERH PIEVR XLIMV QIERMRK4VSTIV
MRXIVTVIXEXMSRSJXLIWIW]QFSPW[MPPEPPS[]SYXSSTIVEXIXLITVSHYGXFIXXIVERHWEJIV
7=1&30 2%1) ()7-+2%8-32)<40%2%8-32
7EJIX]%PIVX -RHMGEXIWETSXIRXMEPTIVWSREPMRNYV]LE^EVH
6IEH3TIVEXSVW
1ERYEP
8SVIHYGIXLIVMWOSJMRNYV]YWIVQYWXVIEHERHYRHIVWXERHSTIVEXSVW
QERYEPFIJSVIYWMRKXLMWTVSHYGX
)]I4VSXIGXMSR %P[E]W[IEVI]ITVSXIGXMSR[MXLWMHIWLMIPHWQEVOIHXSGSQTP][MXL%27-
>[LIREWWIQFPMRKERHTIVJSVQMRKQEMRXIRERGISRXLMWTVSHYGX
)PIGXVSGYXMSR
)PIGXVMG7LSGO
9RTPYKXLIYRMXFIJSVIEXXEGLMRK[MVIWXSVIHYGIXLIVMWOSJIPIGXVSGYXMSR
SVIPIGXVMGWLSGO
1SZMRK(SSV
8SEZSMHHIEXLSVWIVMSYWTIVWSREPMRNYV]WXE]GPIEVSJXLIKEVEKIHSSV
[LMPIMXMWQSZMRKERHRIZIVEXXIQTXXSVYRSV[EPOYRHIVQSZMRKKEVEKI
HSSV
%;M*MVSYXIVGSRRIGXIH
XS XLI MRXIVRIX MR ]SYV
LSQIMWVIUYMVIHXSYWI
XLIETT
=SY[MPPRSXFIEFPIXSSTIR]SYVKEVEKIHSSVSVVIGIMZISXLIVMRJSVQEXMSR
JVSQXLIEGGIWWSVMIWYWMRKXLI6]SFM+EVEKI(SSV3TIRIV%GGIWWSV]
7]WXIQ %TT MJ ]SYV LSQIW ;M*M GSRRIGXMSR [MXL ]SYV KEVEKI HSSV
STIRIVMWRSXGSRRIGXIHSVJYRGXMSRMRKTVSTIVP]
7=1&307
)RKPMWL
7SQISJXLIJSPPS[MRKW]QFSPWQE]FIYWIHSRXLMWTVSHYGX4PIEWIWXYH]XLIQERHPIEVRXLIMVQIERMRK4VSTIVMR
XIVTVIXEXMSRSJXLIWIW]QFSPW[MPPEPPS[]SYXSSTIVEXIXLITVSHYGXFIXXIVERHWEJIV
7=1&30 2%1) ()7-+2%8-32)<40%2%8-32
(MVIGX'YVVIRX 8]TISVEGLEVEGXIVMWXMGSJGYVVIRX
%PXIVREXMRK'YVVIRX 8]TISJGYVVIRX
R
S
2S0SEH7TIIH 6SXEXMSREPWTIIHEXRSPSEH
QMR 4IV1MRYXI 6IZSPYXMSRWWXVSOIWWYVJEGIWTIIHSVFMXWIXGTIVQMRYXI
::SPXW :SPXEKI
,^ ,IVX^ *VIUYIRG]G]GPIWTIVWIGSRH
% %QTIVIW 'YVVIRX
; ;EXX 4S[IV
'%0-*362-%463437-8-32
;%62-2+
8LMWTVSHYGXQE]GSRXEMRGLIQMGEPWMRGPYHMRKPIEHORS[RXSXLI7XEXISJ'EPMJSVRMEXSGEYWIGERGIVFMVXLHIJIGXWSV
SXLIVVITVSHYGXMZILEVQ;EWLLERHWEJXIVLERHPMRK
7=1&307
)RKPMWL
+*'- VIGITXEGPIW HS RSX TVSXIGX EKEMRWX WLSVX GMVGYMXW
SZIVPSEHWSVWLSGOW
8LI +*'- VIGITXEGPI GER FI XIWXIH [MXL XLI 8)78 ERH
6)7)8FYXXSRW
8SXIWX
0SGEXIXLI8)78ERH6)7)8FYXXSRWSRXLIXSTSJXLI
TS[IVLIEH
(ITVIWWXLI8)78FYXXSR8LMWWLSYPHGEYWIXLI6)7)8
FYXXSRXSTSTSYX
8SVIWXSVITS[IVHITVIWWXLI6)7)8FYXXSR
4IVJSVQXLMWXIWXQSRXLP]XSIRWYVITVSTIVSTIVEXMSRSJXLI
+*'-
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8LMWTVSHYGXLEWETVIGMWMSRFYMPXIPIGXVMGQSXSV-XWLSYPHFI
GSRRIGXIHXSETS[IVWYTTP]XLEXMWRSQMREP:,^
%'X]TMGEP97LSYWILSPHGMVGYMX(SRSXSTIVEXIXLMW
TVSHYGXSRHMVIGXGYVVIRX('%WYFWXERXMEPZSPXEKIHVST
[MPPGEYWIE PSWW SJ TS[IV ERHXLIQSXSV[MPPSZIVLIEX-J
XLITVSHYGXHSIWRSXSTIVEXI[LIRTPYKKIHMRXSERSYXPIX
HSYFPIGLIGOXLITS[IVWYTTP]
+6392(-2+-27869'8-327
8JJ+NLZWJ
8LMWTVSHYGXQYWXFIKVSYRHIH-RXLIIZIRXSJEQEPJYRGXMSR
SVFVIEOHS[RKVSYRHMRKTVSZMHIWETEXLSJPIEWXVIWMWXERGI
JSV IPIGXVMG GYVVIRX XS VIHYGI XLI VMWO SJ IPIGXVMG WLSGO
8LMW TVSHYGX MW IUYMTTIH [MXL ER IPIGXVMG GSVH LEZMRK ER
IUYMTQIRXKVSYRHMRKGSRHYGXSVERHEKVSYRHMRKTPYK8LI
TPYKQYWXFITPYKKIHMRXSEQEXGLMRKSYXPIXXLEXMWTVSTIVP]
MRWXEPPIHERHKVSYRHIHMREGGSVHERGI[MXLEPPPSGEPGSHIW
ERHSVHMRERGIW
(SRSXQSHMJ]XLITPYKTVSZMHIH-JMX[MPPRSXJMXXLISYXPIX
LEZIXLITVSTIVSYXPIXMRWXEPPIHF]EUYEPMJMIHIPIGXVMGMER
;%62-2+
-QTVSTIVGSRRIGXMSRSJXLIKVSYRHMRKTPYKGERVIWYPXMRE
VMWOSJIPIGXVMGWLSGO;LIRVITEMVSVVITPEGIQIRXSJXLI
GSVHMWVIUYMVIHHSRSXGSRRIGXXLIKVSYRHMRK[MVIXS
IMXLIVJPEXFPEHIXIVQMREP8LI[MVI[MXLMRWYPEXMSRLEZMRK
ER SYXIV WYVJEGI XLEX MW KVIIR [MXL SV [MXLSYX ]IPPS[
WXVMTIWMWXLIKVSYRHMRK[MVI
'LIGO[MXLEUYEPMJMIHIPIGXVMGMERSVWIVZMGITIVWSRRIPMJXLI
KVSYRHMRKMRWXVYGXMSRWEVIRSXGSQTPIXIP]YRHIVWXSSHSVMJ
MRHSYFXEWXS[LIXLIVXLITVSHYGXMWTVSTIVP]KVSYRHIH
6ITEMVSVVITPEGIEHEQEKIHSV[SVRGSVHMQQIHMEXIP]
8LMWTVSHYGXMWJSVYWISRERSQMREP:GMVGYMXERHLEWE
KVSYRHMRKTPYKWMQMPEVXSXLITPYKMPPYWXVEXIHMRJMKYVI3RP]
GSRRIGXXLITVSHYGXXSERSYXPIXLEZMRKXLIWEQIGSRJMKYVEXMSR
EWXLITPYK(SRSXYWIEREHETXIV[MXLXLMWTVSHYGX
+6392(*%908'-6'9-8-28)66948)6
8JJ+NLZWJ
8LIEQTZSPXVIGITXEGPISRXLIKEVEKIHSSVSTIRIV
MW TVSXIGXIH F] E +VSYRH *EYPX 'MVGYMX -RXIVVYTXIV +*'-
[LMGLKYEVHWEKEMRWXXLILE^EVHWSJKVSYRHJEYPXGYVVIRXW
%RI\EQTPISJKVSYRHJEYPXGYVVIRXMWXLIGYVVIRXXLEX[SYPH
JPS[XLVSYKLETIVWSR[LSMWYWMRKERETTPMERGI[MXLJEYPX]
MRWYPEXMSRERHEXXLIWEQIXMQIMWMRGSRXEGX[MXLERIPIGXVMGEP
KVSYRHWYGLEWETPYQFMRKJM\XYVI[IXJPSSVSVIEVXL
+VSYRHMRK
4MR
:
+VSYRHIH
3YXPIX
*MK
*MK
)0)'86-'%0
6IWIX 8IWX
)RKPMWL
463(9'874)'-*-'%8-327
%GGIWWSV]'ETEGMX]YTXS
1E\+EVEKI(SSV,IMKLXJX
&YPF8]TI 0)(
(VMZI8]TI &IPX(VMZI
-RTYX :%',^
1SXSV,4W
2S0SEH7TIIH641
6EMP0IRKXLJX
6IQSXI(IXIGXMSR6ERKIJX
:ILMGPIERH,SQI ,SQI0MROGSQTEXMFPI
 )\XIRWMSROMXWEVIEZEMPEFPI
 ,SVWITS[IV7MQMPEV ,4W HIWMKREXIWXLEX XLMWW]WXIQ QIIXW 6=3&-
TYPPMRKJSVGIWTIGMJMGEXMSRJSVELSVWITS[IVKEVEKIHSSVSTIRIV
 ,SQI0MROERHXLI,SQI0MROLSYWIMGSREVIVIKMWXIVIHXVEHIQEVOW
SJ+IRXI\'SVTSVEXMSR
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7XVEMKLX
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6IPIEWI6STI
6EMP
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7EJIX]
7IRWSV
7EJIX]
7IRWSV
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4SVX
%GGIWWSV]
4SVX
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4SVX
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4SVX
8IWX
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8JJ+NLZWJX
8LIWEJIYWISJXLMWTVSHYGXVIUYMVIWERYRHIVWXERHMRKSJXLI
MRJSVQEXMSRSRXLITVSHYGXERHMRXLMWSTIVEXSVWQERYEPEW
[ I P P E W E O R S [ P I H K I S J X L I T V S N I G X ] S Y E VI E X X I Q T X M R K  & I J S V I 
YWI SJ XLMW TVSHYGX JEQMPMEVM^I ]SYVWIPJ [MXL EPP STIVEXMRK
JIEXYVIWERHWEJIX]VYPIW
%'6)')48%'0)
8LIKEVEKIHSSVSTIRIVLEWE:SPX%'+*'-TVSXIGXIH
VIGITXEGPI [MXL E VEXMRK SJ  %QTW -X GER FI YWIH JSV
STIVEXMRK%'KEVEKIHSSVEGGIWWSVMIWEW[IPPEWETTVSTVMEXI
ETTPMERGIWIPIGXVMGEPPMKLXMRKERHXSSPW
%'')7736=43687
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KEVEKIHSSVEGGIWWSVMIW
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8LI;M*MERH6*ERXIRREWEPPS[XLIKEVEKIHSSVSTIRIV
XS GSQQYRMGEXI [MXL XLI WQEVXTLSRI ETT GEV VIQSXIW
ERHOI]TEHW
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* 7XVEMKLX(SSV%VQ 
+ )QIVKIRG]6IPIEWI6STI 
, 0EVKI'PIZMW4MR 
- 1IHMYQ'PIZMW4MR 
. 7QEPP'PIZMW4MR 
/ &VEGOIX 
0 ,MXGL4MR 
1 7PIIZI 
2 3YXIV8VSPPI] 
3 )RXVETQIRX;EVRMRK0EFIP)RK*VERH7T 
4 7YTTSVX6EMP 
5 )RH6EMP%WWIQFP] 
6 7IRWSV&VEGOIX 
7 7EJIX]7IRWSV 
8 4YPPI]6SH%WWIQFP] 
9 4S[IV,IEH 
: 'EV6IQSXI 
; -RHSSV/I]TEH 
< 7TVSGOIX 
= *VSRX&VEGI 
> 2YXMR 
EE &SPXMR\MR 
FF 0EK7GVI[MR\MR 
GG 7IPJXETTMRK7GVI[ 
HH 0SGO2YXMR 
II &SPXMR\MR 
JJ 2EMPMR 
KK 7GVI[MR4LMPPMTW,H 
LL ;EWLIVWMR 
MM (V][EPP%RGLSV 
NN -RWYPEXIH7XETPI 
OO 0EK7GVI[MR\MR 
PP 7GVI[MR4LMPPMTW,H 
)RKPMWL
8LIJSPPS[MRKXSSPWRSXMRGPYHIHSVHVE[RXSWGEPIEVIRIIHIHJSVEWWIQFP]ERHEHNYWXQIRXW
924%'/-2+
8LMWTVSHYGXVIUYMVIWEWWIQFP]
 'EVIJYPP]VIQSZIXLITVSHYGXERHER]EGGIWWSVMIWJVSQ
XLIFS\1EOIWYVIXLEXEPPMXIQWPMWXIHMRXLIPSSWITEVXW
PMWXEVIMRGPYHIH
238)8LMWXSSPMWLIEZ]8SEZSMHFEGOMRNYV]PMJX[MXL
]SYVPIKWRSX]SYVFEGOERHKIXLIPT[LIRRIIHIH
;%62-2+
(SRSXYWIXLMWTVSHYGXMJER]TEVXWSRXLI0SSWI4EVXW0MWX
EVIEPVIEH]EWWIQFPIHXS]SYVTVSHYGX[LIR]SYYRTEGO
MX4EVXWSRXLMWPMWXEVIRSXEWWIQFPIHXSXLITVSHYGXF]
XLIQERYJEGXYVIVERHVIUYMVIGYWXSQIVMRWXEPPEXMSR9WI
SJETVSHYGXXLEXQE]LEZIFIIRMQTVSTIVP]EWWIQFPIH
GSYPHVIWYPXMRWIVMSYWTIVWSREPMRNYV]
 -RWTIGXXLIXSSPGEVIJYPP]XSQEOIWYVIRSFVIEOEKISV
HEQEKISGGYVVIHHYVMRKWLMTTMRK
(S RSX HMWGEVH XLI TEGOMRK QEXIVMEP YRXMP ]SY LEZI
GEVIJYPP]MRWTIGXIHERHWEXMWJEGXSVMP]STIVEXIHXLIXSSP
-J ER] TEVXW EVI HEQEKIH SV QMWWMRK TPIEWI GEPP
JSVEWWMWXERGI
;%62-2+
-JER]TEVXWEVIHEQEKIHSVQMWWMRKHSRSXSTIVEXIXLMW
XSSP YRXMP XLI TEVXW EVI VITPEGIH 9WI SJ XLMW TVSHYGX
[MXLHEQEKIH SVQMWWMRK TEVXW GSYPHVIWYPXMR WIVMSYW
TIVWSREPMRNYV]
;%62-2+
(SRSXEXXIQTXXSQSHMJ]XLMWXSSPSVGVIEXIEGGIWWSVMIW
RSX VIGSQQIRHIH JSV YWI [MXL XLMW XSSP %R] WYGL
EPXIVEXMSRSVQSHMJMGEXMSRMWQMWYWIERHGSYPHVIWYPXMRE
LE^EVHSYWGSRHMXMSRPIEHMRKXSTSWWMFPIWIVMSYWTIVWSREP
MRNYV]
;%62-2+
(SRSXGSRRIGXXSTS[IVWYTTP]YRXMPEWWIQFP]MW
GSQTPIXI *EMPYVI XS GSQTP] GSYPH VIWYPX MR EGGMHIRXEP
WXEVXMRKERHTSWWMFPIWIVMSYWTIVWSREPMRNYV]
*MK
SV*SSX
%*VEQI0EHHIV
(VMPP
7SGOIX&MX
ERHMR
MR
(VMPP&MX
4PMIVW8ETI1IEWYVI
*PEX,IEH
7GVI[HVMZIV
4LMPPMTW,IEH
7GVI[HVMZIV
%HNYWXEFPI
;VIRGL
0IZIP
4IRGMP
,EQQIV
,EGOWE[
\FSEVHJX
6YFFIV
1EPPIX
7SGOIX;VIRGL
ERHMR ;MVI
7XVMTTIV
833072))()(
%77)1&0=
)RKPMWL
%77)1&0=
;%62-2+
%P[E]W [IEV I]I TVSXIGXMSR [MXL WMHI WLMIPHW QEVOIH
XS GSQTP] [MXL %27- > [LIR EWWIQFPMRK ERH
TIVJSVQMRKQEMRXIRERGISRXLMWTVSHYGX*EMPYVIXS HS
WSGSYPHVIWYPXMR SFNIGXWFIMRK XLVS[RMRXS]SYVI]IW
VIWYPXMRKMRTSWWMFPIWIVMSYWMRNYV]
238-')
1ER]SJXLIMPPYWXVEXMSRWMRXLMWQERYEPWLS[SRP]TSVXMSRW
SJXLIKEVEKIHSSVSTIRIV8LMWMWMRXIRXMSREPWSXLEX[I
GERGPIEVP]WLS[TSMRXWFIMRK QEHI MR XLIMPPYWXVEXMSR
2IZIVSTIVEXIXLIKEVEKIHSSVSTIRIV[MXLSYXEPPTEVXW
WIGYVIP]MRTPEGIERHMRKSSHSTIVEXMRKGSRHMXMSR
;%62-2+
'SRJMVQXLEXXLIMRRIVXVSPPI]MWMRXLISVMIRXEXMSRWLS[R
MR*MKYVI%RMRGSVVIGXP]MRWXEPPIHMRRIVXVSPPI]GSYPH
VIWYPXMRXLIKEVEKIHSSVSTIRIVSTIVEXMRKMRXLISTTSWMXI
HMVIGXMSRJVSQMXWMRXIRHIHQSZIQIRXERHVIWYPXMRHIEXL
SVWIVMSYWTIVWSREPMRNYV]JVSQXLIQSZMRKKEVEKIHSSV
%77)1&0-2+8,)6%-07
8JJ+NLZWJX
0SGEXIXLIJSPPS[MRKMXIQW
*VSRX&VEGI
)RH6EMP%WWIQFP]
7YTTSVX6EMP
7PIIZIW
4YPPI]6SH%WWIQFP]
3YXIV8VSPPI]
6IQSZIXMI[VETJVSQIRHVEMPERHTYPPI]W
-RWIVXVIEVTYPPI]MRXSIRHVEMP7PMHIXSKIXLIVYRXMPTYPPI]
MWWRYKEKEMRWXXLIVEMP
4YPPXLIJVSRXTYPPI]ERHFIPXXLVSYKLXLIIRHVEMPERHMRXS
EWPIIZI
7PMHIXLISYXIVXVSPPI]MRXSXLIIRHVEMP
4YPPXLIVIPIEWIPIZIVHS[RERHQSZISYXIVXVSPPI]XS[EVH
XLIMRRIVXVSPPI]YRXMPXLI]EVIIRKEKIH
7PIIZI
)RH
6EMP
*MK
*MK
*MK
*MK
)RH
6EMP
)RH
6EMP 6IEV
4YPPI]
*VSRX
4YPPI] &IPX
3YXIV
8VSPPI]
6IPIEWI
0IZIV
3YXIV
8VSPPI]
3YXIV
8VSPPI]
-RRIV
8VSPPI]
-RRIV8VSPPI]
)RKPMWL
-RWIVX XLI IHKI SJ XLI IRH VEMP MRXS XLI WPIIZI 7PMHI
XSKIXLIVYRXMPVEMPGPMGOWMRXSTPEGI-J]SYGERRSXKIXXLI
VEMPXSJMXF]LERHXV]KIRXP]XETTMRKMX[MXLEVYFFIVQEPPIX
YRXMPMXMWWRYKERHGPMGOWMRXSTPEGI&IGEVIJYPRSXXS
TMRGLSVHEQEKIXLIFIPX
6ITIEX XLMW TVSGIWW XS EXXEGL E WYTTSVX VEMP WIGSRH
WPIIZI WIGSRH WYTTSVX VEMP XLMVH WPIIZI ERH XLIR XLI
XLIXLMVHWYTTSVXVEMP;LIREWWIQFPIHGSVVIGXP]XLIVEMPW
WLSYPHRSXWITEVEXIIEWMP][LIRTYPPIH
4YPPXLIJVSRXTYPPI]ERHFIPXXLVSYKLXLIXSTSJXLIVEMP
EWWIQFP]
8YVRXLIXIRWMSRRYXSRXLITYPPI]VSHGSYRXIVGPSGO[MWI
XSPSSWIR6IQSZIXLIXIRWMSRRYXERHWTVMRKJVSQXLI
TYPPI]VSH
-RWIVXXLITYPPI]VSHMRXSXLIJVSRXTYPPI]
238))RWYVIXLILIEHSJXLIVSHMWJYPP]WIEXIHMRXLI
TYPPI]
1SZIXLIJVSRXTYPPI]FEGOMRXSXLIVEMPEWWIQFP]
%77)1&0=
-RWIVXXLIIHKISJXLIJVSRXFVEGIMRXSXLIVEMPEWWIQFP]
7PMHIXSKIXLIVYRXMPFVEGIGPMGOWMRTPEGI-J]SYGERRSX
KIXXLIFVEGIXSJMXF]LERHXV]KIRXP]XETTMRKMX[MXLE
VYFFIVQEPPIXYRXMPMXMWWRYK
4YPPXLIJVSRXTYPPI]JSV[EVHERHWPMHIXLIVSHXLVSYKLXLI
LSPIMRXLIFVEGI
-RWXEPPWTVMRKERHXIRWMSRRYXSRXSTYPPI]VSH
1SZIXLIMRRIVERHSYXIVXVSPPI]XSXLIQMHHPISJXLIVEMP
EWWIQFP]
7PIIZI 7PIIZI
7PIIZI
8IRWMSR
2YX
7TVMRK
*MK
*MK
*MK
*MK
7YTTSVX
6EMP
7YTTSVX
6EMP *VSRX
4YPPI]
*VSRX
&VEGI
*MK
4YPPI]
6SH
4YPPI]
6SH
8IRWMSR
2YX
7TVMRK
*VSRX
&VEGI 7YTTSVX
6EMP
*VSRX
4YPPI]
7YTTSVX
6EMP
7PIIZI
7PIIZI 7PIIZI
)RH
6EMP
*MK
*MK
7YTTSVX
6EMP
)RKPMWL
*MK
*MK
8MKLXIR
0SSWIR
MRXS
MR
&EWISJ
XLIRYX
)HKISJ
XLIFVEGI
6EMP
)HKI
')28)63*6%-0%77)1&0=
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8JJ+NLZWJX
0SGEXIXLIJSPPS[MRKMXIQW
4S[IV,IEH
&VEGOIX
2YXMR?A
7TVSGOIX
6EMP%WWIQFP]
4PEGIXLITS[IVLIEHSREXS[IPSVXLITEGOEKMRKQEXIVMEP
[MXLXLIPMKLXGSZIVJEGMRKHS[R(SRSXTPEGIXLIYRMX
HMVIGXP]SRLEVHWYVJEGIWEWXLMWQE]HEQEKIXLIPMKLX
GSZIV
4PEGIXLIWTVSGOIXSRXSXLIQSXSVWLEJX[MXLXLIVSYRH
WMHISJXLIWTVSGOIXJEGMRKYT
*MK
*MK
&IPX
MR
+ET
7TVSGOIX
6SYRH
7MHI
%(.978-2+8,)&)088)27-32
8JJ+NLZWJX
9WMRK E  MR WSGOIX XYVR XLI XIRWMSR RYX GPSGO[MWI
XS XMKLXIR XLI FIPX ERH GSYRXIVGPSGO[MWI XS PSSWIR MX
%HNYWXXLIRYXYRXMPXLIVIMWETTVS\MQEXIP]XSMR
SJI\TSWIHXLVIEHWLS[MRKEFSZIMXSVYRXMPXLIFEWISJ
XLIRYXMWEPMKRIH[MXLXLIIHKISJXLIFVEGI
;LIR TVSTIVP] XIRWMSRIH XLIVI WLSYPH FI EFSYX E
MRKETFIX[IIRXLIFIPXERHXLIIHKIWSJXLIVEMPRIEV
XLIGIRXIVSJXLIVEMPEWWIQFP]
%77)1&0=
7LEJX
)RKPMWL
,SPHXLIVEMPEWWIQFP]EFSZIXLIWTVSGOIXSRXLITS[IV
LIEH
6SXEXIXLIVEMPEWWIQFP]YRXMPXLISTIRMRKMRXLIVEMPMW
EPMKRIH[MXLXLIWTVSGOIX
0S[IV XLI VEMP EWWIQFP] SRXS XLI WTVSGOIX [MXL XLI
GLERRIPSTIRIRHJEGMRKHS[R7PS[P]VSXEXIXLIVEMPXS
XLIGSVVIGXSVMIRXEXMSREW]SYPS[IVMXMRXSTSWMXMSR
;LIRMRWXEPPIHGSVVIGXP]XLIXIIXLSRXLIWTVSGOIXWLSYPH
IRKEKIXLIVEMPEWWIQFP]ERHXLIVEMPWLSYPHWMXJPEXSRXLI
TS[IVLIEH
4PEGIXLIFVEGOIXWSRXSTSJXLIWXYHWERHSZIVXLIIRH
VEMP
4PEGIRYXWSRXS XLIWXYHWERHXMKLXIRYWMRKEMR
WSGOIX(SRSXSZIVXMKLXIR
6IQSZIXLIXETIWIGYVMRKXLI;M*MERXIRREERHVEMWIMX
XSERYTVMKLXTSWMXMSRXSIRWYVIXLIFIWX;M*MWMKREP
238))RWYVIXLEXXLIERXIRREMWWGVI[IHMRXSXLITS[IV
LIEHWIGYVIP]
%77)1&0=
*MK
*MK
*MK
*VSRXSJ
4S[IV,IEH
2YX
2YX
&VEGOIX
7XYH
7XYH
7TVSGOIX
7XYH
;M*M
%RXIRRE
)RKPMWL
-14368%28
-278%00%8-32
-27869'8-327
;%62-2+
836)(9')8,)6-7/
3* 7):)6) -2.96=
36()%8,
6)%( %2( *3003; %00 -278%00%8-32
-27869'8-327
-RWXEPPSRP]SRETVSTIVP]FEPERGIHKEVEKIHSSV%R
MQTVSTIVP]FEPERGIHHSSVGSYPHGEYWIWIZIVIMRNYV]
,EZI E UYEPMJMIH WIVZMGI TIVWSR QEOI VITEMVW XS
GEFPIWWTVMRKEWWIQFPMIWERHSXLIVLEVH[EVIFIJSVI
MRWXEPPMRKSTIRIV
 6IQSZIEPPVSTIWERHVIQSZISVQEOIMRSTIVEXMZIEPP
PSGOWGSRRIGXIHXSXLIKEVEKIHSSVFIJSVIMRWXEPPMRK
STIRIV
 ;LIVITSWWMFPI MRWXEPPHSSV STIRIV JIIX SVQSVI
EFSZIXLIJPSSV*SVTVSHYGXWLEZMRKERIQIVKIRG]
VIPIEWIQSYRXXLIIQIVKIRG]VIPIEWI[MXLMRVIEGL
FYXEXPIEWXJIIXEFSZIXLIJPSSVERHEZSMHMRKGSRXEGX
[MXLZILMGPIWXSEZSMHEGGMHIRXEPVIPIEWI
 (S RSX GSRRIGX STIRIV XS WSYVGI SJ TS[IV YRXMP
MRWXVYGXIHXSHSWS
 0SGEXIGSRXVSPFYXXSRE[MXLMRWMKLXSJHSSVFEX
EQMRMQYQLIMKLXSJJIIXWSWQEPPGLMPHVIRGERRSX
VIEGLMXERHGE[E]JVSQEPPQSZMRKTEVXWSJXLIHSSV
 -RWXEPP)RXVETQIRX;EVRMRK0EFIPRI\XXSXLIGSRXVSP
FYXXSRMRETVSQMRIRXPSGEXMSR-RWXEPPXLI)QIVKIRG]
6IPIEWI1EVOMRK%XXEGLXLIQEVOMRKSRSVRI\XXSXLI
IQIVKIRG]VIPIEWI
 %JXIVMRWXEPPMRKSTIRIVXLIHSSVQYWXVIZIVWI[LIRMX
GSRXEGXWEMRGLLMKLSFNIGXSVEF]FSEVH
PEMHJPEXSRXLIJPSSV
 ;%62-2+8SVIHYGIXLIVMWOSJMRNYV]XSTIVWSRW
3RP]IREFPIXLIYREXXIRHIHSTIVEXMSRJIEXYVI[LIR
MRWXEPPIHSREWIGXMSREPHSSV
;%62-2+
8SVIHYGIXLIVMWOSJMRNYV]XSTIVWSRWr3RP]IREFPIXLI
6=3&- +EVEKI (SSV 3TIRIV %GGIWWSV] 7]WXIQ %TT
JIEXYVI[LIRMRWXEPPIH[MXLEWIGXMSREPHSSV
;%62-2+
(SRSXGSRRIGXXLIKEVEKIHSSVSTIRIVXSETS[IVWYTTP]
HYVMRKMRWXEPPEXMSRYRPIWWWTIGMJMGEPP]MRWXVYGXIHXSHSWS
*EMPYVIXSGSQTP]GSYPHVIWYPXMREGGMHIRXEPWXEVXMRKERH
TSWWMFPIWIVMSYWTIVWSREPMRNYV]
;%62-2+
8SEZSMHWIVMSYWTIVWSREPMRNYV]QEOIWYVIXLIKEVEKI
HSSVSTIRIVMWQSYRXIHXSNSMWXW2IZIVQSYRXXLIYRMX
XSHV][EPPSVJEPWIGIMPMRKKVMHW
;%62-2+
%P[E]W[IEVI]ITVSXIGXMSR[MXLWMHIWLMIPHWQEVOIHXS
GSQTP] [MXL %27- > [LIR MRWXEPPMRK XLMW TVSHYGX
*EMPYVIXSHSWSGSYPHVIWYPXMRSFNIGXWFIMRKXLVS[RMRXS
]SYVI]IWVIWYPXMRKMRTSWWMFPIWIVMSYWMRNYV]
238-')
1ER]SJXLIMPPYWXVEXMSRWMRXLMWQERYEPWLS[SRP]TSVXMSRW
SJXLIKEVEKIHSSVSTIRIV8LMWMWMRXIRXMSREPWSXLEX[I
GERGPIEVP]WLS[TSMRXWFIMRK QEHI MR XLIMPPYWXVEXMSR
2IZIVSTIVEXIXLIKEVEKIHSSVSTIRIV[MXLSYXEPPTEVXW
WIGYVIP]MRTPEGIERHMRKSSHSTIVEXMRKGSRHMXMSR
;%62-2+
-J]SYJIIPYRGSQJSVXEFPITIVJSVQMRKER]SJXLI
MRWXEPPEXMSR WXITW HIWGVMFIH MR XLMW QERYEP LEZI XLI
MRWXEPPEXMSR TIVJSVQIH F] E UYEPMJMIH WIVZMGI TIVWSR
-QTVSTIVMRWXEPPEXMSRSJXLIKEVEKIHSSVSTIRIVGERVIWYPX
MRHIEXLWIVMSYWTIVWSREPMRNYV]SVTVSTIVX]HEQEKI
-278%00%8-32
)RKPMWL
8SVWMSR7TVMRK )\XIRWMSR7TVMRK
;%62-2+
1ER] SJ XLI WXITW HIWGVMFIH MR XLMW -278%00%8-32
WIGXMSR VIUYMVI XLI YWI SJ E PEHHIV 9WI I\XVIQI GEVI
[LIRWXERHMRKSREPEHHIV)RWYVIWSQISRIMWLSPHMRK
XLI PEHHIV SR XLI KVSYRH XS OIIT MX WXEFPI  *EMPYVI XS
WEJIP]YWIEPEHHIVGERGEYWIEJEPPERHVIWYPXMRHIEXL
SVWIVMSYWTIVWSREPMRNYV]
',)'/8,)'32(-8-323*8,)(336%2(
-()28-*=8,)746-2+8=4)
8JJ+NLZWJ
;%62-2+
-JXLIKEVEKIHSSVHSIWRSXQSZIWQSSXLP]FMRHWSVMW
SYXSJFEPERGILEZIMXVITEMVIHSVVITPEGIHF]EUYEPMJMIH
WIVZMGITIVWSR%RYRFEPERGIHSVHEQEKIHKEVEKIHSSV
QE]RSXVIZIVWISRGSQQERH[LMGLGERVIWYPXMRHIEXL
SVWIVMSYWTIVWSREPMRNYV]
238-')
8LIKEVEKIHSSVSTIRIVQE]RSXJYRGXMSREWMRXIRHIHMJ
MRWXEPPIHSRXSERYRFEPERGIHKEVEKIHSSV
6IQSZIER]VSTIWEXXEGLIHXSXLIKEVEKIHSSV
(MWEFPIER]ERHEPPHSSVPSGOW
6EMWIERHPS[IVXLIHSSVXSIRWYVIMXQSZIWWQSSXLP]
'LIGOXLIFEPERGISJXLIHSSV6EMWIXLIHSSVYRXMPMXMW
LEPJSTIRERHVIPIEWIMX-JTVSTIVP]FEPERGIHXLIHSSV
[MPPVIQEMRMRXLMWTSWMXMSR[MXLSYXQSZMRK
 238)*SVWMRKPITERIPKEVEKIHSSVWFEPERGIGERFI
GLIGOIHEXX[SEHHMXMSREPTSWMXMSRW6EMWIXLIHSSVYRXMPMX
MWRIEVP]MRXLIJYPP]STIRTSWMXMSREFSYXWLSYPHIVLIMKLX
ERH VIPIEWI MX -J TVSTIVP] FEPERGIH XLI HSSV WLSYPH
QSZIXSXLIJYPP]STIRTSWMXMSR0S[IVXLIHSSVYRXMPMX
MWRIEVP]MRXLIJYPP]GPSWIHTSWMXMSREFSYXORIILIMKLX
-JTVSTIVP]FEPERGIHXLIHSSVWLSYPHQSZIXSXLIJYPP]
GPSWIHTSWMXMSR
-JXLIHSSVHSIWRSXQSZIWQSSXLP]FMRHWSVMWSYXSJ
FEPERGIXLMWGSYPHMRHMGEXIETVSFPIQ[MXLXLIHSSVHSSV
WTVMRKWXSVWMSRWTVMRKERHSVI\XIRWMSRWTVMRKSVHSSV
WTVMRKGSQTSRIRXW,EZIXLIKEVEKIHSSVSVHSSVWTVMRKW
VITEMVIHF]EUYEPMJMIHWIVZMGITIVWSRFIJSVIMRWXEPPMRKXLI
KEVEKIHSSVSTIRIV
*MK
*MK
*MK
7IGXMSREP
(SSV
7MRKPI4ERIP
(SSV
,EPJ3TIR
4SWMXMSR
,EPJ3TIR
4SWMXMSR
-278%00%8-32
)RKPMWL
*MK
0IZIP
'IRXIV
0MRI
,SVM^SRXEP
0MRI
\
%P[E]WMRWXEPPXLILIEHIVFVEGOIXSRXSEWXYVH]WYVJEGI8LI
JSVGIVIUYMVIHXSVEMWIERHPS[IVXLIKEVEKIHSSVGSYPHTYPP
XLIFVEGOIXERHQSYRXMRKLEVH[EVISYXSJ[IEOWYVJEGIW
WYGLEWHV][EPP*SVWSQIMRWXEPPEXMSRWMXQE]FIRIGGIWEV]
XSGVIEXIEWYMXEFPIPSGEXMSRJSVXLIFVEGOIXF]MRWXEPPMRKE\
FSEVH8LI\FSEVHGERFIMRWXEPPIHFIX[IIRX[SWXYHW
SVMRXSQEWSRV]YWMRKPEKWGVI[WERHGSRGVIXIERGLSVWRSX
WYTTPMIH
0SGEXIXLIJSPPS[MRKMXIQW
,IEHIV&VEGOIX
0EK7GVI[MR\MR?A
8SMRWXEPPXLIFVEGOIXXSXLILIEHIV[EPP
0S[IVXLIKEVEKIHSSVGSQTPIXIP]
9WMRKETIRGMPERHEPIZIPHVE[EZIVXMGEPPMRIMRXLIGIRXIV
SJXLIXSTTSVXMSRSJXLIKEVEKIHSSV
'SRXMRYI HVE[MRK XLI GIRXIV PMRI JVSQ XLI HSSV XS XLI
LIEHIV[EPP)\XIRHXLIPMRIXSEFSYXEJSSXEFSZIXLI
KEVEKIHSSVSVEWJEVEWTSWWMFPI
;%62-2+
2IZIV EXXIQTX XS PSSWIR EHNYWX SV VIQSZI XLI HSSV
WTVMRKW XSVWMSR WTVMRK ERHSV I\XIRWMSR WTVMRK HSSV
WTVMRKGSQTSRIRXWSVER]WYVJEGIWXS[LMGLXLIWIMXIQW
EVIWIGYVIH8LIWIMXIQWEVIYRHIVI\XVIQIXIRWMSRERH
ER]WYGLEPXIVEXMSRGSYPHVIWYPXMRHIEXLWIVMSYWTIVWSREP
MRNYV]SVTVSTIVX]HEQEKI
-JXLIHSSVQSZIWWQSSXLP]ERHMWFEPERGIH]SYQE]
FIKMRMRWXEPPMRKXLIKEVEKIHSSVSTIRIV
-278%00-2+8,),)%()6&6%'/)8
8JJ+NLZWJX
;%62-2+
8SEZSMHWIVMSYWTIVWSREPMRNYV]EXXEGLLIEHIVFVEGOIXXS
WSYRHWXVYGXYVEPWYTTSVXSRLIEHIV[EPP2):)6MRWXEPP
XLILIEHIVFVEGOIXSRXS[IEOWYVJEGIWWYGLEWHV][EPP
XLEXGERGEYWIXLILIEHIVFVEGOIXXSJEPP
;%62-2+
%0;%=7 YWI PEK WGVI[W ERH GSRGVIXI ERGLSVW RSX
MRGPYHIH[LIRMRWXEPPMRKXLILIEHIVFVEGOIXSV\MRXS
GSRGVIXI FVMGO SV SXLIV QEWSRV] *EMPYVI XS TVSTIVP]
MRWXEPPXLILIEHIVFVEGOIXERHEWWSGMEXIHLEVH[EVIGER
VIWYPX MR E JEPPMRK SFNIGX LE^EVH ERH VIWYPX MR HIEXL SV
WIVMSYWTIVWSREPMRNYV]
;%62-2+
3RP]MRWXEPPWGVI[WFSPXWERGLSVWERHSXLIVLEVH[EVI
MRXSWSYRHWXVYGXYVEPWYTTSVXWMREVIEW[LIVIRSIPIGXVMGEP
[MVIW YXMPMX] GEFPIW TMTIW SV SXLIV SFWXVYGXMSRW EVI
PSGEXIH'SRXEGX]SYVPSGEPYXMPMX]GSQTER]SVEUYEPMJMIH
IPIGXVMGMER MJ ]SY EVI YRWYVI )RWYVI EPP LEVH[EVI
GSQTSRIRXW EVI WIGYVIP] MRWXEPPIH XS TVIZIRX JEPPMRK
SFNIGXW*EMPYVIXSJSPPS[XLIWIMRWXVYGXMSRWGERVIWYPXMR
HIEXLIPIGXVMGEPWLSGOSVSXLIVWIVMSYWTIVWSREPMRNYV]
-278%00%8-32
)RKPMWL
7XERH SR E PEHHIV RIEV XLI KEVEKI HSSV EW WSQISRI
WPS[P] VEMWIW MX ;LMPI MXW QSZMRK JMRH ERH QEVO XLI
LMKLIWX TSMRX SJ XVEZIP EPSRK XLI GIRXIV PMRI 8LI LMKL
TSMRX[MPPZEV]FEWIHSRXLIX]TIERHGSRWXVYGXMSRSJ]SYV
KEVEKIHSSVFYXX]TMGEPP]MX[MPPFIMRGLIWEFSZI
XLIXSTSJXLIHSSV
MR
EFSZI
,IEHIV
&VEGOIX
,MKLIWX4SMRX
SJ8VEZIP
,IEHIV
&VEGOIX
*MK
*MK
-278%00%8-32
(VE[EFMWIGXMRKLSVM^SRXEPPMRIEFSZIXLILMKLTSMRX
w*SV WIGXMSREP SV WMRKPITERIP KEVEKI HSSVW [MXL
XVEGOWXLIPMRIWLSYPH FI ETTVS\MQEXIP]X[SMRGLIW
EFSZIXLILMKLTSMRX
w*SVWMRKPITERIPKEVEKIHSSVW[MXLSYXXVEGOWXLI
PMRIWLSYPHFIETTVS\MQEXIP]MREFSZIXLILMKLTSMRX
238)8LITSWMXMSRSJXLILSVM^SRXEPPMRI[MPPHIXIVQMRI
XLIGPIEVERGIFIX[IIRXLIXSTSJXLIHSSVERHXLIVEMP
EWWIQFP]-JXLILIMKLXSJ]SYVKEVEKITVSLMFMXW]SYJVSQ
HVE[MRKXLIPMRIEWWTIGMJMIHEFSZIHVE[MXEWJEVEFSZI
XLILMKLTSMRXEWTSWWMFPI
3VMIRXXLILIEHIVFVEGOIXEWWLS[RMRJMKYVI
4PEGI XLI FSXXSQ IHKI SJ XLI LIEHIV FVEGOIX SR XLI
LSVM^SRXEPPMRIERHGIRXIVXLIFVEGOIXSRXLIGIRXIVPMRI
1EVOXLILSPIWMRXLIFVEGOIX
(VMPPMRTMPSXLSPIWERHWIGYVIXLIFVEGOIXMRTPEGI
YWMRKPEKWGVI[W-RWXEPPWGVI[W[MXLEMRWSGOIX
0EK
7GVI[W
)RKPMWL
%88%',-2+ 6%-0 %77)1&0= 83 ,)%()6
&6%'/)8
8JJ+NLZWJ
0SGEXIXLIJSPPS[MRKMXIQW
 0EVKI'PIZMW4MR
 ,MXGL4MR
4PEGIXLITS[IVLIEHSRXSTSJETVSTSVSRXLIKVSYRH
[MXLEXS[IPSVTEGOEKMRKQEXIVMEPFIRIEXLMX
4S[IV
,IEH
'PIZMW
4MR
*MVWX
,SPI
,IEHIV
&VEGOIX ,MXGL
4MR
6EMP
%WWIQFP]
%RKPIXLIVEMPEWWIQFP]WSXLEXMXVIWXWEKEMRWXXLILIEHIV
FVEGOIX
 238)-JEHSSVWTVMRKSVSXLIVSFWXVYGXMSRMWMRXLI[E]
LEZIWSQISRILSPHXLIKEVEKIHSSVSTIRIVSVLIPTXS
FEPERGIMXSREVEMWIHWYTTSVX[LMPI]SYTSWMXMSRXLIVEMP
EWWIQFP]
%PMKRXLILSPIWMRXLIFVEGOIX[MXLXLILSPIWMRXLIVEMP
EWWIQFP]EWWLS[R
-RWIVXPEVKIGPIZMWTMRERHWIGYVI[MXLLMXGLTMR
238)8LILMXGLTMRWLSYPHFIMRWXEPPIHMRXSXLIJMVWXLSPI
GPSWIWXXSXLILIEHSJXLITMR
-278%00%8-32
*MK
)RKPMWL
*MK
4S[IV
,IEH
13928-2+ 8,) 43;)6 ,)%( 83 8,)
')-0-2+
8JJ+NLZWJX
;%62-2+
1SYRXKEVEKIHSSVSTIRIVXSWSYRHWXVYGXYVEPWYTTSVX
SRGIMPMRK2):)6QSYRXXLIKEVEKIHSSVXSHV][EPPSV
JEPWIGIMPMRKKVMHW%0;%=7YWIGSRGVIXIERGLSVW[LIR
MRWXEPPMRKFVEGOIXWMRXSGSRGVIXIFVMGOSVSXLIVQEWSRV]
*EMPYVIXSTVSTIVP]QSYRXXLITS[IVLIEHGERGEYWIMX
XSJEPPERHGSYPHVIWYPXMRHIEXLWIVMSYWTIVWSREPMRNYV]
SVTVSTIVX]HEQEKI
0SGEXIXLIJSPPS[MRKMXIQW
1SYRXMRK7XVET
&SPXMR\MR?A
;EWLIVMR?A
2YXMR?A
0S[IVXLIKEVEKIHSSVGSQTPIXIP]
1IEWYVIXLIWTEGIFIX[IIRXLILIEHIVFVEGOIXERHXLI
GIMPMRK
238) *SV YRJMRMWLIH GIMPMRKW QIEWYVI XLI WTEGI
FIX[IIR XLI LIEHIV FVEGOIX ERH XLI RIEVIWX NSMWXW SR
IMXLIVWMHI
'EVIJYPP]PMJXXLITS[IVLIEHERHTPEGIMXSRXSTSJEPEHHIV
1SZIXLITS[IVLIEHYRXMPMXMWEPMKRIH[MXLXLILIEHIV
FVEGOIXERHXLIVEMPEWWIQFP]MWSZIVXLIGIRXIVPMRISJ
XLIHSSV
4YPPXLIXVSPPI]VIPIEWIPIZIVHS[RERHWPMHISYXIVXVSPPI]
GSQTPIXIP]XS[EVHXLITS[IVLIEH
238)8LITVSTIVGSRJMKYVEXMSRERHTPEGIQIRXSJFVEGOIXW
ERH QSYRXMRK WXVETW [MPP ZEV] FEWIH SR XLI HIWMKR ERH
GSRWXVYGXMSRSJ]SYVKEVEKIGIMPMRK*MKYVIWEVIQIERX
XSWIVZIEWI\EQTPIWFYX]SYVWIXYTQE]ZEV]
,IEHIV
&VEGOIX
'IMPMRK
1IEWYVIH
(MWXERGI
3YXIV
8VSPPI]
-278%00%8-32
)RKPMWL
8SQSYRXXLITS[IVLIEHXSJMRMWLIHGIMPMRKW
-RWXEPPGIRXIV FVEGOIXSV FVEGOIXWRSX WYTTPMIH XSXLI
RIEVIWXNSMWXWSVSXLIVWXVYGXYVEPWYTTSVXWMRKEVEKIGIMPMRK
YWMRKPEKWGVI[WRSXWYTTPMIH
9WMRKELEGOWE[GYXTMIGIWSJXLIQSYRXMRKWXVETWXLEX
EVIELEPJMRGLPSRKIVXLERXLIQIEWYVIHPIRKXLFIX[IIR
XLILIEHIVFVEGOIXERHXLIGIMPMRK
238)1SYRXMRKWXVETWXLEX[MPPFIEXXEGLIHHMEKSREPP]
WLSYPHFIGYXPSRKIVXLERXLIZIVXMGEPQIEWYVIHHMWXERGI
MRJMKYVI
'SRRIGXWXVETWXSKEVEKIHSSVSTIRIVERHFVEGOIXWYWMRK
FSPXW[EWLIVWERHRYXW8MKLXIRFSPXWERHRYXW[MXLE
MRWSGOIX
238)-RWXEPP WXVETW ERH RYXW SR XLI MRWMHI SJ XLI
FVEGOIXWJEGMRKXLIVEMP
6IQSZIXLIPEHHIVERHVEMWIXLIHSSV-JXLIVIMWRXIRSYKL
GPIEVERGIFIX[IIRXLIVEMPEWWIQFP]ERHXLIHSSVQSZI
XLILIEHIVFVEGOIXYTERHVITIEXXLIWXITWEFSZI
8SQSYRXXLITS[IVLIEHXSYRJMRMWLIHGIMPMRKW
9WMRKELEGOWE[GYXTMIGIWSJXLIQSYRXMRKWXVETWXLEX
EVIELEPJMRGLPSRKIVXLERXLIQIEWYVIHPIRKXLWFIX[IIR
XLILIEHIVFVEGOIXERHXLIRIEVIWXNSMWXWSRIMXLIVWMHI
238)1SYRXMRKWXVETWXLEX[MPPFIEXXEGLIHHMEKSREPP]
WLSYPHFIGYXPSRKIVXLERXLIZIVXMGEPQIEWYVIHHMWXERGI
MRJMKYVI
*MK
'SRRIGXWXVETWXSKEVEKIHSSVSTIRIVERHXSXLINSMWXW
YWMRKFSPXW [EWLIVWERHRYXWWIIJMKYVI8MKLXIR
FSPXWERHRYXW[MXLEMRWSGOIX
238)-RWXEPP WXVETW ERH RYXW SR XLI MRWMHI SJ XLI
FVEGOIXWJEGMRKXLIVEMP
6IQSZIXLIPEHHIVERHVEMWIXLIHSSV-JXLIVIMWRXIRSYKL
GPIEVERGIFIX[IIRXLIVEMPEWWIQFP]ERHXLIHSSVQSZI
XLILIEHIVFVEGOIXYTERHVITIEXXLIWXITWEFSZI
*MK
1IEWYVIH
(MWXERGI
1SYRXMRK
7XVET
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238)8LIXSTSJXLIWIRWSVWLSYPHFIFIX[IIRJSYVERH
WM\MRGLIWEFSZIXLIJPSSV
238)8LIVIGIMZMRKWIRWSVLEWEKVIIR0)()RWYVIXLEX
XLIPIRWSRXLMWWIRWSVMWRSXI\TSWIHXSHMVIGXWYRPMKLX
1EVOXLITSWMXMSRSJXLILSPIMRXLIFVEGOIX
7IGYVIFVEGOIXWMRTPEGIYWMRKREMPWSVHVMPPMRTMPSX
LSPIWERHWIGYVI[MXLPEKWGVI[W8MKLXIRWGVI[W[MXL
ERMRWSGOIX
238) 9WI PEK WGVI[W ERH GSRGVIXI ERGLSVW RSX
MRGPYHIH[LIRMRWXEPPMRKXLIFVEGOIXWMRXSGSRGVIXIFVMGO
SVSXLIVQEWSRV]
;%62-2+
8S EZSMH XLI VMWO SJ HIEXL IPIGXVMG WLSGO SV WIVMSYW
TIVWSREP MRNYV] IRWYVI XLEX XLI KEVEKI HSSV STIRIV MW
YRTPYKKIHFIJSVI[MVMRKXLIWIRWSVW
7EJIX]
7IRWSV
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'SRRIGXXLIWIRWSVWYWMRKPS[ZSPXEKI[MVIWTVSZMHIH
SRP]9WMRKSXLIV[MVIWQE]GEYWIWMKREPMRXIVJIVIRGISV
QEPJYRGXMSRERHGERVIWYPXMRIPIGXVMGWLSGOSVWIVMSYW
TIVWSREPMRNYV]
6SYXIXLI[MVIWJVSQXLIWIRWSVWXSXLIHSSVWIRWSV[MVI
XIVQMREPW%XXEGLXLI[MVIWXSXLI[EPPERHGIMPMRKYWMRK
XLIMRWYPEXIHWXETPIW7IGYVIXLIWXETPIWXSXLI[EPPERH
GIMPMRKYWMRKELEQQIV
9WMRK[MVIWXVMTTIVWWXVMTMRSJMRWYPEXMSRJVSQXLI
IRHWSJIEGL[MVI
8SMRWXEPPSVVIQSZI[MVIWJVSQE[MVIXIVQMREPHITVIWW
XLIXEFFIWMHIXLIXIVQMREP
7EJIX]7IRWSV
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7XETPIW
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+VIIR
0)(
6IH
7EJIX]7IRWSV
8VERWQMXXIV
7EJIX]7IRWSV
6IGIMZIV
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-278%00%8-32
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