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N %QOQÎTICPQUFGNÈPGC
N %QOQÎTICPQUFGCRQ[Q[SWGFGRGPFGPFGNC,GHCVWTC
N %QOQÎTICPQUFGCRQ[QSWGFGRGPFGPFGNC5GETGVCTKC)GPGTCN
N %QOQ¶TGCUSWGFGRGPFGPFGEQOKUKQPGU
N %QOQ¶TGCSWGFGRGPFGFG#FOKPKUVTCEKÎP
N %QOQ¶TGCSWGFGRGPFGFGNC)GTGPEKCFG#FOKPKUVTCEKÎP[2TGUWRWGUVQ
N %QOQ¶TGCSWGFGRGPFGFGNC1HKEKPCFG#FOKPKUVTCEKÎP[(KPCPCU
N %QOQ¶TGCSWGFGRGPFGFGNC)GTGPEKCFGGUCTTQNNQG+PXGUVKICEKÎP

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QTICPKCEKÎPRWGFGVGPGTOC[QTCEEGUQCRCTVKEKRCTFGNCUFGEKUKQPGUSWGRWGFCP
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OCTMGVKPIIGUVKÎPFGTGEWTUQUJWOCPQUIGTGPEKCFGQRGTCEKQPGUGPVTGQVTQU

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N 2CTVKEKRCTFGNQU%QOKVÃUFG+PHQTO¶VKECQFGNCUTGWPKQPGUEQPQVTQUIGTGPVGU
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N 4GCNKCTKPXGUVKICEKQPGUEQPUVCPVGURCTCOCPVGPGTUGKPHQTOCFQFGNCUPWGXCU
6GEPQNQIÈCU
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N #FOKPKUVTCTUGTXKEKQUFGQWVUQWTEKPI[CRTQXKUKQPCOKGPVQKPVGTPQFGUGTXKEKQU
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UCVKUHCEEKÎPEQPVKPWCFGNWUWCTKQ
N 2TQXGGT GPVTGPCOKGPVQ C VQFQU NQU WUWCTKQU FG 6+%U RCTC CUGIWTCT GN WUQ
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N 2CTVKEKRCTFGEWTUQUUGOKPCTKQU[VCNNGTGUEQPITGUQU
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N 2NCPGCT[FKUVTKDWKTNQUVTCDCLQUGPGSWKRQU
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N .CVGEPQNQIÈCFGKPHQTOCEKÎPPQIGPGTCFKHGTGPEKCU
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N .QUVÃEPKEQUUQPSWKGPGU FGEKFGP
N 7PCXKUKÎPFGEQTVQRNCQGUNQO¶UKORQTVCPVG
N .CUVGEPQNQIÈCUFGKPHQTOCEKÎPUQPUÎNQWPECODKQVÃEPKEQ[PQ
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N 5GTGNRTKPEKRCNKORWNUQTFGNECODKQ[GLGTEGTGNNKFGTCIQGPNCU6+%U
N 3WGNCUFGEKUKQPGUFG6GEPQNQIÈCUFGKPHQTOCEKÎPPQFGDGPGUVCTFKXQTEKCFCU
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N 'UVCTFKURWGUVQCEQOGVGTGTTQTGU
N #UWOKTWPPWGXQTQNRCTCGN¶TGCFGUKUVGOCU
N 'NECODKQGORKGCRQTWPCPWGXCHQTOCFGRGPUCT
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N GDGRCTVKEKRCTO¶UGPNCQTICPKCEKÎP[GPNCUFGEKUKQPGUGUVTCVÃIKECUSWGUG
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N 'UVCTRTGRCTCFQRCTCCUGUQTCTUQDTGNCUÕNVKOCUKPPQXCEKQPGUFGNOGTECFQ
N 6GPGTNCUJCDKNKFCFGUFGWPDWGPCFOKPKUVTCFQTUCDGTFGTGEWTUQUJWOCPQU[
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N /CPGLCTWPQFGNQURTKPEKRCNGUCEVKXQUFGNCQTICPKCEKÎPNCKPHQTOCEKÎP
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)GTGPVGFG6+GUFGUCTTQNNCTGNGADWUKPGUU [GNFGN)GTGPVG)GPGTCNGUGNKPVGTÃU
RQTNCUCRNKECEKQPGUFGECTCCNENKGPVG
'P WP GUVWFKQ FG )CTVPGT':'
JVVRFGNVCJ[RGTOCTVPGVGUVC'56JVON CDTKN
C O¶U FG FKTGEVQTGU FG VGEPQNQIÈCU FGKPHQTOCEKÎPNCURTKQTKFCFGU
HWGTQP
'NCDQTCTGUVTCVGIKCURCTCKPVGITCTNQUPGIQEKQUEQPNCVGEPQNQIÈCKPHQTO¶VKEC
2TQXGGTNKFGTCIQ[IWÈCCNCCNVCFKTGEEKÎP[NCUIGTGPEKCUFGNÈPGC
GOQUVTCTGNXCNQTFGNCUVGEPQNQIÈCUFGKPHQTOCEKÎPRCTCNCQTICPKCEKÎP
GUCTTQNNCTGNGSWKRQCFOKPKUVTCVKXQFGVGEPQNQIÈCUFGKPHQTOCEKÎP
4GFWEEKÎPFGNEQUVQVQVCNFGNCUVGEPQNQIÈCUFGKPHQTOCEKÎP
#LWUVCTRTQEGUQUFGRTKQTKCEKÎP[CFOKPKUVTCEKÎPFGRTQ[GEVQU
#LWUVCTOGFKFCUFGUGIWTKFCF[RTKXCEKFCF
+PVGTÃUFGN
)GTGPVGFG6+
+PVGTÃUFGN
)GTGPVG)GPGTCN
¶TGCU
'$WUKPGUU
5GIWTKFCF
#FOKPKUVTCEKÎP[#NOCEGPCOKGPVQFGFCVQU
%QPUWNVQTGUQ#UGUQTGU'UVTCVÃIKEQU
#RNKECEKQPGUFGECTCCNENKGPVG
+PHTCGUVTWEVWTCFG4GFGU[5KUVGOCU
2TQXGGFQTGUFG5GTXKEKQ[1WVUQWTEKPI
#RNKECEKQPGURCTC1RGTCEKQPGU+PVGTPCU
#FOKPKUVTCEKÎPFGTGFGU[UKUVGOCU
/QXKNKFCF [TGFGUKPCN¶ODTKECU
%QPXGTIGPEKCFKIKVCN

'UVQU TGUWNVCFQU OWGUVTCP SWG NCU RTKQTKFCFGU GPVTG GN 4GURQPUCDNG FG NC
QTICPKCEKÎP [ NC )GTGPEKC FG 5KUVGOCU UQP FKHGTGPVGU RQT GN PKXGN FG
TGURQPUCDKNKFCFGURGTQJC[CNIQOW[KORQTVCPVGCVGPGTGPEWGPVCSWGGUEQPVCT
EQPGNEQORTQOKUQFGNCCNVCIGTGPEKCRCTCCUWOKTGUVQUPWGXQUTQNGU
'NO¶ZKOQTGRTGUGPVCPVGFGNCQTICPKCEKÎPFGDGGUVCTEQPXGPEKFQNCXKUKÎPFGNC
KPHQTOCEKÎP EQOQ TGEWTUQ XKVCN FG NC QTICPKCEKÎP FG NCU QRQTVWPKFCFGU
GUVTCVÃIKECU[FGNCQDVGPEKÎPFGXGPVCLCUEQORGVKVKXCUTGNGXCPVGU

333QQQ```dddeee___ 999999999*** 333QQQbbbQQQSSSdddUUUbbbcccdddYYYSSSQQQccc TTTUUU ___ccc 777UUUbbbUUU^^^dddUUUccc TTTUUU CCCYYYcccdddUUU]]]QQQccc
%1/1'$'05'4.15)'4'06'5'5+56'/#5
.QU)GTGPVGUFG5KUVGOCUFGDGPVGPGTEKGTVCUECTCEVGTÈUVKECU
N %QP WPC QTKGPVCEKÎP HWGTVG JCEKC NC RTKPEKRCNTCÎP FG UGT FG NC KPUVKVWEKÎP

EQPGZRGTKGPEKCCORNKCGPGNUGEVQTSWGVTCDCLC
N GOQUVTCTJCDKNKFCFGURCTCVTCGTDGPGHKEKQUCRNKECPFQ6+%URCTCTGUQNXGTNQU
RTQDNGOCUOCPGLQFGEQUVQU[TKGUIQ
N 'ZRGTKOGPVCT KFGPVKHKECT [ GXCNWCT NQU PWGXQU FGUCTTQNNQU VGEPQNÎIKEQU [
GXCNWCTUWCFGEWCEKÎPRCTCUWQTICPKCEKÎP
N *CDKNKFCFRCTCEQOWPKECTUG[GPVGPFGTNCUPGEGUKFCFGUFGNQUWUWCTKQUGPWP
NGPIWCLGUKORNGPQVÃEPKEQ
N *CDKNKFCFRCTCEQPEGRVWCNKCTNCPCT[GPVTGICTOÕNVKRNGURTQ[GEVQU6+%UC
VKGORQ[FGPVTQFGNRTGUWRWGUVQ
N *CDKNKFCFFGKPVGITCTUG EQPGNGSWKRQFGFKTGEEKÎPGZKUVGPVGUKGPFQWPDWGP
Q[GPVGWPDWGPEQPUVTWEVQT[WPCDQICFQCTVKEWNCFQFGUWXKUKÎPVGEPQNÎIKEC
37'%7#.+#'52'4510#.'5'$'6'0'4
7P)GTGPVGFG5KUVGOCUFGDGVGPGT
%QPFKEKQPGU FG NKFGTCIQ JCDKNKFCFGU FG EQOWPKECEKÎP KPVGTRGTUQPCNGU
JCDKNKFCFFGVTCDCLCTGPCODKGPVGFGEQNCDQTCEKÎP[CRTGPFKCLGEQPVKPWQCNVC
KPVGITCEKÎP G KPVGNKIGPEKC UGPUKDKNKFCF RQT QVTQU GZEGNGPVG LWKEKQ RGPUCFQT
EQPEGRVWCNGUVTCVÃIKEQVCPDWGPQEQOQRTCIO¶VKEQ[WPCJCDKNKFCFRCTCIGPGTCT
EQPHKCPC[CNKCPCUGUVTCVÃIKECU
'PLWNKQFGNGPWPCGPEWGUVCFG)GTGPVGUFG5KUVGOCURGTVGPGEKGPVGU
CNQU2TQITCOCU'LGEWVKXQUFG)CTVPGTUGRWUKGTQPFGOCPKHKGUVQWPCUVGPFGPEKCU
ENCXG GP GN FGUCTTQNNQ FG NC RQUKEKÎP FGN )GTGPVG FG 5KUVGOCU FGPVTQ FG NCU
GORTGUCU .CU GORTGUCU GUV¶P EQNQECPFQ GLGEWVKXQU EQP TGURQPUCDKNKFCFGU
KORQTVCPVGUGP6+%UGPNQUPKXGNGUO¶UCNVQUFGNCVQOCFGFGEKUKQPGUGLGEWVKXCU
)CTVPGT JC EQORTQDCFQ SWG GP NCU GORTGUCU OGFKCPCU [ ITCPFGU GUV¶
GOGTIKGPFQWPPWGXQGUVKNQFGGLGEWVKXQEQPTGURQPUCDKNKFCFGUGPNCHWUKÎPFGN
PGIQEKQ[NCVGEPQNQIÈC[SWGGUVGGLGEWVKXQGUV¶GXQNWEKQPCPFQRCTCQEWRCTUG
FGFKUVKPVCURCTVGUFGNCUGUVTCVGIKCUGKORNGOGPVCEKQPGUFG6+%UGIQDKGTPQ[FG
GDWUKPGUU

'UCUÈSWGXCPCRCTGEKGPFQNQUEWCVTQUKIWKGPVGUVKRQUFGN)GTGPVGFG5KUVGOCU
CWPSWGCVQFQUGNNQUPQUGNGUFGUKIPCEQPGUVGPQODTGFGOCPGTCGZRNÈEKVC
N .QU )GTGPVGU FG 5KUVGOCU SWG VKGPGP WPC TGURQPUCDKNKFCF C PKXGN
QTICPKCEKQPCNGPWPRWGUVQFGIGUVKÎPFGFGOCPFCSWGGUWPTQNGUVTCVÃIKEQ
GPHQECFQ CN EWORNKOKGPVQ FG NCU PGEGUKFCFGU [ GZRGEVCVKXCU FG NC
QTICPKCEKÎP CN O¶U CNVQ PKXGN 'UVQU )GTGPVGU FG 5KUVGOCU PQ UWGNGP UGT
TGURQPUCDNGUFGNCKORNGOGPVCEKÎP
N .QULGHGUFGVGEPQNQIÈCQFGKPHTCGUVTWEVWTCSWGFGUGORGÌCPUWUHWPEKQPGUCN
OKUOQPKXGNSWGGNRTKOGTVKRQUQPTGURQPUCDNGUFGICTCPVKCTNCRTGUVCEKÎP
GHGEVKXCGPEWCPVQCNQUEQUVQUFGNQUUGTXKEKQUVGEPQNÎIKEQU
RGLGZRNQVCPFQ
NCUQRQTVWPKFCFGUFG QWVUQWTEKPI
N .QU QRQTVWPKUVCU VGEPQNÎIKEQU UQP CSWGNNQU GLGEWVKXQU EW[CU
TGURQPUCDKNKFCFGUEQOQ)GTGPVGFG5KUVGOCUJCPKFQCWOGPVCFQCRCTVKTFG
NCU FGOCPFCU VGEPQNÎIKECU FG NC QTICPKCEKÎP 'UVQU GLGEWVKXQU GUV¶P OW[
KPXQNWETCFQUGPGNKORWNUQFGPWGXCUQRQTVWPKFCFGU[HQTOCUFGOGLQTCT[Q
CRQ[CT NQU RTQEGUQU FG NC QTICPKCEKÎP FGDKFQ C UW FQOKPKQ FG NCU
VGEPQNQIÈCUGOGTIGPVGU
N 'PNCUQTICPKCEKQPGUEQPOÕNVKRNGUFKXKUKQPGUCSWGNNCURGTUQPCUCECTIQFG
NCUWPKFCFGUO¶UKORQTVCPVGUFGUGORGÌCPNCHWPEKÎPFGIGTGPVGFGUKUVGOCU
# OGPWFQ GUVQU GLGEWVKXQU EQODKPCP NQU TQNGU FG QHGTVC [ FGOCPFC GP NC
WPKFCF DCLQ UW ECTIQ [ UQP TGURQPUCDNGU FG NC IGUVKÎP [ EWORNKOKGPVQ FG
GZRGEVCVKXCUCUÈEQOQFGNCRTGUVCEKÎPFGUGTXKEKQUGURGEÈHKEQUGPGN¶ODKVQ
FGUWWPKFCF
*C[EWCVTQRCNCDTCUSWGTGUWOGPNCUCEVKXKFCFGUQTQNGUSWGUQPRTKQTKVCTKCURCTC
GN)GTGPVGFG5KUVGOCUCEVWCNCEVKXCEKÎPECRCEKVCEKÎPGLGEWEKÎP[GZRNQVCEKÎP
'UFGEKTGNNQUFCPXKFCCNCUKPKEKCVKXCUGUVTCVÃIKECUFGNCUQTICPKCEKQPGUCNWPKT
NC GZRGTKGPEKC VGEPQNÎIKEC EQP GN EQPQEKOKGPVQ FG NCU CEVKXKFCFGU FG NC
QTICPKCEKÎPHWPFCOGPVCNGU
.QU)GTGPVGUFG5KUVGOCUEQPUVKVW[GPWPQFGNQURQEQUITWRQUFGGLGEWVKXQUSWG
VKGPGP WPC XKUVC RCPQT¶OKEC FG NC KPUVKVWEKÎP [ UWU EQNGICU GLGEWVKXQU UG XCP
FCPFQ EWGPVC FG NQ XCNKQUC SWG GU GUVC RGTURGEVKXC RQT GNNQ PQ GU FKHÈEKN
TGEQPQEGTCNVQUGLGEWVKXQUSWGWPFÈCHWGTQPIGTGPVGUFGKPHQTO¶VKEC
%#4#%6'4 56+%#5'.15)'4'06'5'5+56'/#5
2CTCCUWOKTNQUPWGXQUTGVQUSWGNGRNCPVGCGNFGUCTTQNNQFGNCU6+%UGNPWGXQ
)GTGPVGFG5KUVGOCU
VCPVQGPGNUGEVQTRÕDNKEQEQOQGPGNRTKXCFQFGDGVGPGT
EKGTVCUECTCEVGTÈUVKECUSWGFGUETKDKTGOQUCEQPVKPWCEKÎP

.KFGTCIQ
.CRTKPEKRCNECTCEVGTÈUVKECFGNPPWGXQQ )GTGPVGFG5KUVGOCUGUUGTGNNKFGT
GP 6GEPQNQIÈCU FG +PHQTOCEKÎP EQOQ GP EWCNSWKGT RWGUVQ FG IGTGPEKC
KORNKEC UGT XKUKQPCTKQ CRCUKQPCFQ VQOCFQT FG TKGUIQ KPURKTCFQT
ECTKUO¶VKEQUGIWTQFGUÈOKUOQKPHNW[GPVGETGCVKXQRQUKVKXQCRQ[CFQT
EQOWPKECFQTHKLCFQTFGQDLGVKXQUGUVKOWNCPVGLWUVQGPVTGQVTQU'NNÈFGTGP
VGEPQNQIÈCUFGKPHQTOCEKÎPGUECRCFGPPCXGICTQ GPNCVGEPQNQIÈC[GPNC
QTICPKCEKÎPEQPNCOKUOCHCEKNKFCF
'ZRGTKGPEKCGPCNKPGCTNCVGEPQNQIÈCEQPGNTQNFGNCQTICPKCEKÎP
*C[SWGVGPGTENCTQSWGNCVGEPQNQIÈCGUWPOGFKQ[WPTGEWTUQO¶URCTC
NNGXCT CFGNCPVG C NCU KPUVKVWEKQPGU RQT NQ SWG GU KFGCN SWG EQPQEC NQU
CURGEVQU VGEPQNÎIKEQU VCNGU EQOQ EQPQEGT FG 'PVGTRTKUG 4GUQWTEG
2NCPPKPI KPHTCGUVTWEVWTC YGD %WUVQOGT 4GNCVKQP /CPCIGOGPV 5WRRN[
%JCKP /CPCIGOGPV [ QVTQU SWG VKGPGP UVCVWU FG PFGUGCFQQ RGTQ PQ
KPFKURGPUCDNG GU KORQTVCPVG EQPQEGT DKGP GN TQN FG NC QTICPKCEKÎP 'N
EQPQEKOKGPVQ FG UKUVGOCU QRGTCVKXQU JCTFYCTG Q OCTECU GURGEÈHKECU PQ
GUV¶PGPNCNKUVCFGTGSWGTKOKGPVQU
%QPQEKOKGPVQFGNCECFGPCFGXCNQTFGNCQTICPKCEKÎP
.QU)GTGPVGUFGNÈPGCQLGHGUUKGORTGEQPUKFGTCPSWGGNRWPVQO¶UFÃDKN[
HTWUVTCPVG FGN )GTGPVG FG 5KUVGOCU GU UW HCNVC FG EQORTGPUKÎP [
EQPQEKOKGPVQFGNCQTICPKCEKÎP.QU)GTGPVGUFG5KUVGOCUSWGPQNQITCP
JCEGTUGGZRGTVQUGPGNXGTFCFGTQTQNQIKTQFGPGIQEKQFGNCQTICPKCEKÎP
[GPGN¶ODKVQGPSWGUGOWGXGPGUVCT¶PUKGORTGNKOKVCFQU[CITGICT¶P
RQEQXCNQT
*C[ SWG FGUCTTQNNCT WP EQPQEKOKGPVQ RTQHWPFQ FG NC ECFGPC FG XCNQT

CFOKPKUVTCEKÎPRÕDNKECUGTXKEKQU[RTQFWEVQUCDCUVGEKOKGPVQOCTMGVKPI[
XGPVCU HKPCPCU [ EQPVCDKNKFCF ECPCNGU FG FKUVTKDWEKÎP GVE FG NC
QTICPKCEKÎP[NCHQTOCGPSWGNCVGEPQNQIÈCKPHNW[GGPGNNC'N)GTGPVGFG
5KUVGOCU GU GN ÕPKEQ IGTGPVG CRCTVG FGN )GTGPVG )GPGTCNSWG TGSWKGTG
VGPGT WP OCPGLQ CORNKQ [ RTQHWPFQ FG VQFQU NQU RTQEGUQU FG NC
QTICPKCEKÎPCFGO¶UVKGPGSWGUCDGTFGVGEPQNQIÈC
GUVTGCUFGTGNCEKQPCOKGPVQKPVGTRGTUQPCN
.QU)GTGPVGUFG5KUVGOCUUWGNGPVGPGTRGTUQPCNKFCFGUPGURGEKCNGUQNQEWCN
PQNQUHCXQTGEGHTGEWGPVGOGPVGJCDNCPFGNPEQORWVÎNQIQQ EQOQCNIWKGP
KPECRC FG TGNCEKQPCTUG JWOCPCOGPVG C WP PKXGN CNVQ [ OGPQU CÕP
PPCXGICTQ DKGPGPNCRQNÈVKECKPVGTPCQCVTCXÃUFGNQUFKXGTUQURTQEGUQUFG
NCQTICPKCEKÎP

.CECRCEKFCFFGTGNCEKQPCOKGPVQKPVGTRGTUQPCNFGGZEGNGPVGPKXGNUGJCEG
OWEJQO¶UETÈVKECEQPNCNNGICFCFGNCPKPUVKVWEKÎPGZVGPFKFCQ XÈC+PVGTPGV

JC[ SWG KPVGTCEVWCT EQP RGTUQPCU FG QVTCU EWNVWTCU KPUVKVWEKQPCNGU [
RGTUQPCNGUHWGTCFGNQURCTCFKIOCU[EQUVWODTGUFGNCRTQRKCKPUVKVWEKÎP
%CRCEKFCFRCTC)GTGPEKCT
.C ECRCEKFCF RCTC FKTKIKT [ UWRGTXKUCT RGTUQPCU RTQ[GEVQU TGEWTUQU
RTGUWRWGUVQU RTQXGGFQTGU EQPVTCVKUVCU [ QVTQU UQEKQU FG PGIQEKQU GU
GUGPEKCN
.CECRCEKFCFFGHQTOCTGSWKRQUOQVKXCT[GUVKOWNCTCNRGTUQPCNVCODKÃPGU
WP CEVKXQ HKLCT RTKQTKFCFGU CUKIPCT TGEWTUQU RCTC GUVCU RTKQTKFCFGU [
EWORNKTUKGORTGEQPNQRNCPKHKECFQ
RNCQURTGUWRWGUVQHWPEKQPCNKFCFGU
WPCECTCEVGTÈUVKECGUGPEKCNFGWP)GTGPVGFG5KUVGOCU
GUVTGCURCTC%QOWPKECTGPHQTOCGHGEVKXC
.CJCDKNKFCFRCTCCTVKEWNCTKPVGNKIGPVGOGPVGWPCGUVTCVGIKCQWPCKFGCGP
HQTOC ENCTC [ RTGEKUC GU WP TGSWGTKOKGPVQ XKVCN FGN PWGXQ )GTGPVG FG
5KUVGOCU.CECRCEKFCFFGGUEWEJCT[FGUVTGCUFGPGIQEKCEKÎPRGTUWCUKÎP
[OCPGLQFGEQPHNKEVQUVTCDCLCPFQDCLQRTGUKÎPVCODKÃPUQPKPFKURGPUCDNGU
5CDGT JCEGT WP DWGP FQEWOGPVQ HQTOCN WPC RTGUGPVCEKÎP RÕDNKEC FG
RTKOGTPKXGN[EQPFWEKTTGWPKQPGUGPHQTOCGHGEVKXCUQPQVTCUFGUVTGCU
*CDKNKFCFRCTCETGCT[CFOKPKUVTCTNQUECODKQU
7PCFGNCUFGUVTGCUO¶UUQNKEKVCFCUGUUGTCIGPVGFGECODKQ [GUSWGNC
OC[QTÈCFGNCUDÕUSWGFCUFG)GTGPVGFG5KUVGOCUPQUQPRCTCTGGORNCCTC
CNIWKGPSWGUGHWGUKPQRCTCRTQXQECTWPECODKQFGOCIPKVWFGPGUVGTQN
IGPGTCNOGPVG GU WP ECTIQ PWGXQ GP NC QTICPKCEKÎP .C RTKQTKFCF GU
ECODKCT GN GPHQSWG FG VGEPQNQIÈCU FG +PHQTOCEKÎP FGUFG WPC PGEGUKFCF
QRGTCEKQPCNJCEKCWPGNGOGPVQGUVTCVÃIKEQ.CJCDKNKFCFFGETGCTECODKQU
TGNGXCPVGURCTCNCKPUVKVWEKÎP[CFOKPKUVTCTGNRTQEGUQRCTCPQOQTKTGPGN
KPVGPVQGUENCXGCNGNGIKTWP)GTGPVGFG5KUVGOCU
%QPQEKOKGPVQ[GZRGTKGPEKC FGNCQTICPKCEKÎP
7PTGSWGTKOKGPVQOW[EQOÕPGUSWGGNECPFKFCVQC)GTGPVGFG5KUVGOCU
XGPIC FG NC OKUOC KPUVKVWEKÎP [ NC EQPQEC DKGP # XGEGU RWGFG
TGGORNCCTUG GUVQ EQP GZRGTKGPEKC CFSWKTKFC GP QVTC KPUVKVWEKÎP EQP
RTQEGUQU UKOKNCTGU Q CHÈPGU 1ECUKQPCNOGPVG NC QTICPKCEKÎP SWKGTG
KPEQTRQTCTWPGZRGTVQ[PWGXCUKFGCUKPEWDCFCUGPQVTCKPUVKVWEKÎPEQPNQ
EWCNGN)GTGPVGFG5KUVGOCURQVGPEKCUWTQNFGCIGPVGFGECODKQ

'ZRGTKGPEKCKPVGTPCEKQPCNQINQDCN
'N )GTGPVG FG 5KUVGOCU FG WPC KPUVKVWEKÎP FGDG EQPQEGT EQOQ UG GUV¶P
OQXKGPFQGPGNOWPFQKPUVKVWEKQPGUUKOKNCTGUCNCSWGFKTKIGRQTNQSWG
UGT¶ KORQTVCPVG SWG EQPQEC FG KFKQOCU VGPIC JCDKNKFCFGU FG
EQOWPKECEKÎP SWG RWGFG VTCDCLCT UKP RTQDNGOCU GP XCTKCU EWNVWTCU SWG
GUV¶ CDKGTVQ [ UGPUKDNG C NCU RCTVKEWNCTKFCFGU [ CRTGPFGT FG NCU DWGPCU
RT¶EVKECU SWG RWGFCP QHTGEGT QVTCU KPUVKVWEKQPGU RCTC CRNKECTNCU #SWÈ
OGPEKQPCTGOQUNCKORQTVCPEKCFGNEQPEGRVQ$GPEJOCTM
GUVTGCURCTCTGENWVCTFGUCTTQNNCT[TGVGPGTRTQHGUKQPCNGU6+
5QTRTGPFGPVGOGPVGGUVGCVTKDWVQFGN)GTGPVGFG5KUVGOCUPVQRQ PQJCUKFQ
EQPUKFGTCFQ GP OWEJQU ECUQU TGEKGPVGU 7P )GTGPVG FG 5KUVGOCU SWG
RTQCEVKXCOGPVG KPENW[G GUVG VGOC GP UW KPXGPVCTKQ FG EQORGVGPEKCU [C
EQOGPÎDKGP
'N RTQEGUQ FG TGENWVCOKGPVQ GU ENCXG RQTSWG EQOQ NCU CRNKECEKQPGU UQP
ECFC XG O¶U GUVTCVÃIKECU NQU TGEWTUQU ECNKHKECFQU NQ UQP VCODKÃP
GP
GURGEKCNGPNC#FOKPKUVTCEKÎP2ÕDNKECGPGNSWGGNÈPFKEGFGTQVCEKÎPFGNQU
TGEWTUQUGUCNVQ
'UVCU ECTCEVGTÈUVKECU UG GPEWGPVTCP KPOGTUQU GP ECFC WPC FG NCU
EQORGVGPEKCU SWG WP )GTGPVG FG 5KUVGOCU FGDG VGPGT RCTC EWORNKT NQU
FKXGTUQUTQNGUCUÈEQOQNCUCEVKVWFGUSWGFGDGPVQTPCTUGGPJ¶DKVQURCTC
CUGIWTCT GHKEKGPEKC GP GN VTCDCLQ C FGUGORGÌCT CURGEVQU SWG KTGOQU
TGXKUCPFQGPNQUECRÈVWNQUUKIWKGPVGU
+PHQGVKEC
#UKOKUOQFGDGT¶EQPQEGTUQDTGCURGEVQUÃVKEQULWTÈFKEQU[UQEKCNGUFGN
%KDGTGURCEKQ FG VCN OCPGTC SWG HQOGPVG GN CEEGUQ WPKXGTUCN C NC
KPHQTOCEKÎPGPHQTOCUGIWTC
2QTGLGORNQNQU)GTGPVGUFG5KUVGOCUFGDGPFGCFOKPKUVTCTGHKECOGPVG
NQUTGEWTUQUFGNCQTICPKCEKÎPEQPWPCXKUKÎPKPVGITCFQTC[TCEKQPCNKCFC
[GXKVCTICUVQUKPPGEGUCTKQU
6GPGTOW[GPEWGPVCGNEÎFKIQFGÃVKECSWGNGDTKPFCUWEQNGIKCVWTCCHKP
FG EQPFWEKTUG EQOQ WP RTQHGUKQPCN KPVGITQ GP VQFQ OQOGPVQ
GURGEKCNOGPVGUCNXCIWCTFCPFQNCKPHQTOCEKÎPIGPGTCFCGPNCKPUVKVWEKÎP
EQOQGNVCPIKDNGO¶URTGEKCFQ

333QQQ```dddeee___ 999FFF*** ___ccc ''' 888vvvRRRYYYddd___ccc TTTUUU 777UUUbbbUUU^^^dddUUU TTTUUU CCCYYYcccdddUUU]]]QQQccc UUUVVVUUUSSSdddYYYfff___
'PGNECRÈVWNQCPVGTKQTJGOQUTGXKUCFQWPCUGTKGFGECTCEVGTÈUVKECUSWGFGDGVGPGTGN
)GTGPVGFG5KUVGOCUOWEJQUFGGNNQUGUV¶PDCUCFQUGPCEVKVWFGUJ¶DKVQUECODKQFG
RCTCFKIOCUEQORQTVCOKGPVQSWGCFQRVCOQUCPVGWPCWQVTCUKVWCEKÎP
.C OC[QTÈC FG NCU RGTUQPCU VGPGOQU NC ECRCEKFCF FG KPVWKT SWG PWGUVTQ
EQORQTVCOKGPVQ VCPVQ C PKXGN NCDQTCNEQOQ GP NC XKFC RTKXCFC RQFTÈC OGLQTCT GP
OWEJQU CURGEVQU RCTC NQITCT NQU KFGCNGU SWG UG GURGTC 5KP GODCTIQ UÎNQ RQECU
RGTUQPCUEQPQEGPNCOCPGTCFGEQPUGIWKTNQ5VGRJGP%QXG[GZRQPGENCTCOGPVGGPUW
NKDTQWPOÃVQFQEGTVGTQ[GHKEKGPVGFGPQOKPCFQP.QU*¶DKVQUFGNCIGPVG#NVCOGPVG
'HGEVKXCQGUVQGUCRNKECDNGKIWCNOGPVGCNQU)GTGPVGUFG5KUVGOCU
.QU UKGVG J¶DKVQU NQ OWGXGPRTQITGUKXCOGPVGUQDTGWPEQPVKPWCOCFWTGFGUFGNC
FGRGPFGPEKCJCEKCNCKPFGRGPFGPEKC[JCUVCNCKPVGTFGRGPFGPEKC
.C FGRGPFGPEKCGU GN RCTCFKIOC FGN 6Õ
VÕEWKFCUFGOÈ[QVGEWNRQCVKRQTNQU
TGUWNVCFQUGVE.CKPFGRGPFGPEKCGUGNRCTCFKIOCFGN[Q
[QRWGFQJCEGTGUVQ[Q
UQ[TGURQPUCDNG.CKPVGTFGRGPFGPEKCGUGNRCTCFKIOCFGPQUQVTQU
PQUQVTQURQFGOQU
JCEGTNQPQUQVTQURQFGOQUETGCT
*$+615 '5%4+2%+¦0 14+'06#1#
2TQCEVKXKFCF C NC NKDGTVCF RCTC GUEQIGT PWGUVTC TGURWGUVC
HTGPVGCEWCNSWKGTGUVÈOWNQFGNOGFKQCODKGPVG
HCEWNV¶PFQPQU RCTC TGURQPFGT FG CEWGTFQ C
PWGUVTQURTKPEKRKQU[XCNQTGU
%QOGPCT
EQP WPHKP
GPOGPVG
*CEGRQUKDNGSWGPWGUVTCUXKFCUVGPICPTCÎPFG
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WPHKPGPOGPVGCRGUCTFGGUVCTOW[CVCTGCFQU[UGTOW[GHKEKGPVGU
7PGPWPEKCFQFGNCOKUKÎPRGTUQPCNGORGCTEQPWPHKPGPNCOGPVGEQPUKUVGGP
GNCDQTCTWPGPWPEKCFQFGNCOKUKÎPHKNQUQHÈCÎETGFQURGTUQPCNGUUGEGPVTCGPNQ
SWGWPQSWKGTGUGT[JCEGT[GPNQUXCNQTGUQRTKPEKRKQUSWGFCPHWPFCOGPVQCN
UGT[JCEGT
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GUETKDKTWPGPWPEKCFQFGNCOKUKÎPRGTUQPCNVGPGOQUSWGGORGCTGPGNEGPVTQ
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VTCXÃU FG NC EWCN RQFGOQU XGT GN OWPFQ .C OKUKÎP GP PWGUVTC XKFC PQ NC
KPXGPVCOQU UÎNQ NC FGVGEVCOQU 0WGUVTC CWVQEQPEKGPEKC PQU RGTOKVG GZCOKPCT
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D¶UKECU GU RGTUQPCN GU RQUKVKXC GUV¶ GP VKGORQ RTGUGPVG GU XKUWCN [ GU
GOQEKQPCN2QTGLGORNQGNGPWPEKCFQFGNCOKUKÎPUGEQPXKGTVGGPGNOCTEQFG
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5GTGHKGTGCNCETGCEKÎPHÈUKECGUFGEKTGUGNGLGTEKEKQFGNCXQNWPVCFKPFGRGPFKGPVG
EGPVTCFQGPRTKPEKRKQUECRCEKFCFRCTCVQOCTFGEKUKQPGUGNGIKT[CEVWCTNQSWG
RQFTÈCOQU FGPQOKPCT NC CWVQCFOKPKUVTCEKÎP GHGEVKXC 'N ITCFQ GP SWG JGOQU
FGUCTTQNNCFQ PWGUVTC XQNWPVCF KPFGRGPFKGPVG GP NC XKFC EQVKFKCPC UG OKFG RQT
PWGUVTC KPVGITKFCF RGTUQPCN .C KPVGITKFCF GU PWGUVTC ECRCEKFCF RCTC
EQORTQOGVGTPQUCOCPVGPGTNQUEQORTQOKUQUEQPPQUQVTQUNQSWGFGEKOQUGU
JCEGT RQT GNNQNC GUGPEKC FGN FGUCTTQNNQ RTQCEVKXQ 5K WPQGUWPCFOKPKUVTCFQT
GHGEVKXQ FG UÈ OKUOQ NC FKUEKRNKPC RTQXKPG FGN KPVGTKQT GU WPC HWPEKÎP FG NC
XQNWPVCFKPFGRGPFKGPVG'NEQOÕPFGPQOKPCFQTFGVQFCUNCURGTUQPCUFGÃZKVQGU
PGORGCTRQTNQRTKOGTQQ
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N 2NCPKHKECT*CEGTWPCNKUVCFGQDLGVKXQUCEWORNKTVQO¶PFQUGWPQUOKPWVQU
FKCTKQU'UVQRQFTÈCUKIPKHKECTNGCJQTTQFGJQTCUGPUGOCPCU
N 2TKQTKCTGEKFKTEW¶NGUFGNCUCEVKXKFCFGUUQPNCUO¶UKORQTVCPVGURCTCSWG
GPECDGEGPNCNKUVC#NIWPCURGTUQPCUNNGXCPCVÃTOKPQVQFCUNCUVCTGCURQUKDNGU
SWGCRCTGEGPGPUWNKUVCNQITCPFQWPGNGXCFQRQTEGPVCLGFGVCTGCUTGCNKCFCU
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OC[QTÈCUQPFGDCLCRTKQTKFCF
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ENCXGPQGUFCTRTKQTKFCFCNQSWGGUV¶GPNCCIGPFCUKPQQTFGPCTGPNCCIGPFC
NCURTKQTKFCFGU
N *CEGTUGIWKOKGPVQ*CEGTNCUEQUCUFGCEWGTFQCNQRNCPGCFQ[XGTKHKECTNQU
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N 2KGTFQICPCUPQVKGPGPKPIWPCPQTOCTGSWGTKOKGPVQGZRGEVCVKXCXKUKÎPGVE
6KGPFGPCEGFGTQTGPWPEKCTDWUECPFQNCCEGRVCEKÎPQNCRQRWNCTKFCF*C[
KPUGIWTKFCFNCURGTUQPCUGUV¶PVGPFKGPVGUCCRCEKIWCTQFGUGQUFGCITCFCT
N 2KGTFQRKGTFGU GU NC HKNQUQHÈC FG NC IWGTTC FGN EQPHNKEVQ 0QTOCNOGPVG FG
RGTUQPCUQDUVKPCFCU[GIQÈUVCU
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GUVCOGPVCNKFCFRKGPUCGPVÃTOKPQUFGCUGIWTCTUGUWURTQRKQUHKPGU
N )CPCTICPCTÎPQJC[VTCVQUKPQNNGICTCPCWPCUQNWEKÎPUKPÃTIKECEQPNCSWG
GUVWXKGTCPFGCEWGTFQTGEWTTGPCNCGZRTGUKÎPPQJC[VTCVQ
.QKFGCNGUUKGORTGICPCTICPCT
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GLGTEKEKQ FG NCU FQVGU JWOCPCU GP PWGUVTCU TGNCEKQPGU EQP NQU FGO¶U 5WRQPG
CRTGPFKCLGTGEÈRTQEQKPHNWGPEKCOWVWCDGPGHKEKQUEQORCTVKFQU.CUFKOGPUKQPGU
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N %CT¶EVGT TCUIQU ECTCEVGTÈUVKEQU KPVGITKFCF OCFWTG OGPVCNKFCF FG
CDWPFCPEKC
N 4GNCEKQPGUUKPEQPHKCPCUGFGVGTKQTCNCEQOWPKECEKÎP[GNCRTGPFKCLG
N #EWGTFQUDCUCFQUGPGNGOGPVQUTGUWNVCFQUFGUGCFQUFKTGEVTKEGUTGEWTUQU
TGPFKEKÎPFGEWGPVCUEQPUGEWGPEKCU
N 5KUVGOCU GN UKUVGOC FG TGEQORGPUCU FGDG UGT EQPITWGPVG EQP NCU OGVCU [
XCNQTGU
N 2TQEGUQU NC GUGPEKC FG NC PGIQEKCEKÎP FG RTKPEKRKQU EQPUKUVG GP UGRCTCT
RGTUQPC[RTQDNGOCGPEGPVTCTUGGPNQUKPVGTGUGU[PQGPNCURQUKEKQPGUGP
KFGCTQREKQPGURCTCNCICPCPEKCOWVWC[GPKPUKUVKTGPETKVGTKQUQDLGVKXQUSWG
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PQ UG VQOC GN VKGORQ RCTC FKCIPQUVKECT [ GORGCT C EQORTGPFGT RTQHWPFC [
TGCNOGPVGGNRTQDNGOCRQTNQSWGFGDGOQURTQEWTCTRTKOGTQEQORTGPFGT[NWGIQ
UGT EQORTGPFKFQU 'UVG RTKPEKRKQ GU NC ENCXG FG NC EQOWPKECEKÎP RGTUQPCN
GHGEVKXC

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EQOWPKECEKÎP KPVGTRGTUQPCN FGDGOQU FGUCTTQNNCT NC ECRCEKFCF RCTC NC GUEWEJC
GOR¶VKECDCUCFCGPGNECT¶EVGTSWGUWUEKVCCRGTVWTC[EQPHKCPC
'UEWEJC GOR¶VKEC EWCPFQ QVTC RGTUQPC JCDNC NC GUEWEJCOQU GP WPQ FG NQU
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RTCEVKECT NC GUEWEJC UGNGEVKXC GUEWEJCPFQUQNQ RCTVGU FG NC EQPXGTUCEKÎPRGTQ
OW[RQEQUUGXCPCRTGQEWRCTRQTNQITCTNCGUEWEJCGOR¶VKECSWGGUGUEWEJCT
EQP NC KPVGPEKÎP FG EQORTGPFGT %WCPFQ WPQ GUEWEJC EQP GORCVÈC C QVTC
RGTUQPC NG RTQRQTEKQPC CKTG RUKEQNÎIKEQ [ FGURWÃU FG FGLCT UCVKUHGEJC GUC
PGEGUKFCFRWGFGEGPVTCTUGGPKPHNWKTQGPTGUQNXGTRTQDNGOCU
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TGUWNVCFQGUOC[QTSWGNCUWOCFGNCURCTVGUGPHQTOCUGRCTCFC.CUKPGTIKCGUNC
RWGUVCCRTWGDCFGVQFQUNQUFGO¶UJ¶DKVQUTGWPKFQUEW[CUHQTOCUO¶UCNVCUUG
EGPVTCPGP ICPCTICPCT[GPNCUCRVKVWFGURCTCNCEQOWPKECEKÎPGOR¶VKECGPNQU
FGUCHÈQUSWGCHTQPVCOQUFKCTKCOGPVGUWTIKGPFQPWGXCUCNVGTPCVKXCU.CUKPGTIKCGU
NCGUGPEKCFGNNKFGTCIQVTCPUHQTOCFQTWPKHKEC[NKDGTCNCKPOGPUCGPGTIÈCKPVGTKQT
FGNCRGTUQPC[TGSWKGTGFGUGIWTKFCFKPVGTKQT
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OKUOQU 5KIPKHKEC TGPQXCTNCU EWCVTQ FKOGPUKQPGU FGUWPCVWTCNGCNCHÈUKECNC
GURKTKVWCNNCOGPVCN[NCUQEKCNGOQEKQPCN#HKNCTNCUKGTTCKORNKECFCTGZRTGUKÎPC
NCUEWCVTQOQVKXCEKQPGUGLGTEKGPFQNCUEWCVTQFKOGPUKQPGUFGPWGUVTCPCVWTCNGC
TGIWNCT[EQPITWGPVGOGPVGFGOCPGTCUCDKC[GSWKNKDTCFC2GTQRCTCNQITCTGUVQ
VGPGOQUSWGUGTRTQCEVKXQU
KOGPUKÎP (ÈUKEC .C FKOGPUKÎP HÈUKEC UWRQPG EWKFCT GHGEVKXCOGPVG PWGUVTQ
EWGTRQ HÈUKEQ CNKOGPVCTPQU EQTTGEVCOGPVG FGUECPUCT NQ UWHKEKGPVG [ JCEGT
GLGTEKEKQEQPTGIWNCTKFCF
KOGPUKÎP 'URKTKVWCN NC TGPQXCEKÎP FG NC FKOGPUKÎP GURKTKVWCN RTQRQTEKQPC
NKFGTCIQCPWGUVTCRTQRKCXKFC'UV¶OW[TGNCEKQPCFCEQPGNUGIWPFQJ¶DKVQ.C
FKOGPUKÎP GURKTKVWCN GU PWGUVTQ PÕENGQ PWGUVTQ EGPVTQ GN EQORTQOKUQ EQP
PWGUVTQUKUVGOCFGXCNQTGU
KOGPUKÎP/GPVCN'PUWOC[QTÈCPWGUVTQFGUCTTQNNQOGPVCN[PWGUVTCFKUEKRNKPC
RCTC GN GUVWFKQ RTQXKGPGP FG NC GFWECEKÎP HQTOCN NC OKUOC SWG FGDGTÈC KTUG
EWNVKXCPFQCVTCXÃUFGNQUCÌQURGTQSWGGPUWOC[QTÈCGUFGUEWKFCFCRQTEQUCU

XCPCNGU1TICPKCT[RNCPKHKECTUQPHQTOCUFGTGPQXCEKÎPOGPVCNCUQEKCFCUCNQU
J¶DKVQU UGIWPFQ [ VGTEGTQ GORGCOQU EQP WP HKP GP OGPVG [ UQOQU
OGPVCNOGPVGECRCEGUFGQTICPKCT[CNECPCTGUGHKP
KOGPUKÎP 5QEKCN'OQEKQPCN UG EGPVTC GP NQU RTKPEKRKQU FGN NKFGTCIQ
KPVGTRGTUQPCNNCEQOWPKECEKÎPGOR¶VKEC[NCEQQRGTCEKÎPETGCVKXCGPHQECPFQCUÈ
NQUJ¶DKVQUEWCTVQSWKPVQ[UGZVQ
'37+.+$4+1'0.#4'018#%+¦0
'NRTQEGUQFGNCCWVQTTGPQXCEKÎPFGDGKPENWKTNCTGPQXCEKÎPGSWKNKDTCFCGPNCU
EWCVTQ FKOGPUKQPGU FG PWGUVTC PCVWTCNGC NC HÈUKEC GURKTKVWCN OGPVCN [
UQEKCNGOQEKQPCN
%WCPVQ O¶U RTQCEVKXQU UQOQU
RTKOGT J¶DKVQ O¶U GHGEVKXCOGPVG RQFGOQU
GLGTEGTGNNKFGTCIQRGTUQPCN
UGIWPFQJ¶DKVQ[NCCFOKPKUVTCEKÎPRGTUQPCN
VGTEGT
J¶DKVQGPNCXKFC
%WCPVQO¶UGHGEVKXCOGPVGCFOKPKUVTCOQUPWGUVTCXKFC
VGTEGTJ¶DKVQGPOC[QT
OGFKFCRQFGOQUTGCNKCTCEVKXKFCFGUTGPQXCFQTCU
UÃRVKOQJ¶DKVQ
%WCPVQ O¶U RTQEWTCOQU RTKOGTQ EQORTGPFGT
SWKPVQ J¶DKVQ EQP O¶U
GHGEVKXKFCFRQFGOQUDWUECTUQNWEKQPGUUKPÃTIKECUFGVKRQICPCTICPCT
EWCTVQ[
UGZVQJ¶DKVQU
%WCPVQ O¶U RTQITGUCOQU GP EWCNSWKGTC FG NQU J¶DKVQU SWG EQPFWEGP C NC
KPFGRGPFGPEKC
RTKOGT UGIWPFQ [ VGTEGT J¶DKVQ O¶U GHGEVKXQU UGTGOQU GPNCU
UKVWCEKQPGU KPVGTFGRGPFKGPVGU
VGTEGT EWCTVQ SWKPVQ [ UGZVQ J¶DKVQ [ NC
TGPQXCEKÎP
UÃRVKOQJ¶DKVQGUGNRTQEGUQFGTGXKXKHKECTVQFQUNQUJ¶DKVQU
‹37œ'5;21437œ'5+/2146#06'.#+06'.+)'0%+#'/1%+10#.!
#VQFQGUVQUGFGDGVGPGTGPEWGPVCNC KPVGNKIGPEKCGOQEKQPCNSWGUGRGTHKNC
EQOQWPPWGXQEQPEGRVQGPGNGPVQTPQQTICPKCEKQPCNRQTGNNCUGGPVKGPFG
NCECRCEKFCFFGNUGTJWOCPQFGTGEQPQEGTUWUUGPVKOKGPVQU[NQUUGPVKOKGPVQU
FGNQUFGO¶UEQPGNHKPFGOQVKXCTUG[RCTCOCPGLCTFGHQTOCCFGEWCFCNCU
TGNCEKQPGUGPVTGWPQOKUOQ[NQUFGO¶U
'U FGEKT NC KPVGNKIGPEKC GOQEKQPCN GU WP EQPLWPVQ FG FGUVTGCU CEVKVWFGU
JCDKNKFCFGU[EQORGVGPEKCUSWGFGVGTOKPCPNCEQPFWEVCFGWPKPFKXKFWQUWU
TGCEEKQPGU GUVCFQU OGPVCNGU GVE [ SWG RWGFG FGHKPKTUG UGIÕP GN RTQRKQ
)QNGOCPEQOQNCECRCEKFCFFGTGEQPQEGTPWGUVTQURTQRKQUUGPVKOKGPVQU[NQU
FGNQUFGO¶UFGOQVKXCTPQU[FGOCPGLCTCFGEWCFCOGPVGNCUTGNCEKQPGU

.Q SWG JCUVC JCEG RQEQ UG XCNQTCDC GURGEKCNOGPVG GTC GN EQGHKEKGPVG
KPVGNGEVWCN[NCGZRGTKGPEKCCJQTCUGXCNQTCPNCKPVGNKIGPEKCGOQEKQPCNFGNCU
RGTUQPCUGUVQGUNCECRCEKFCFFGCRTGPFGTWPCUGTKGFGJCDKNKFCFGURT¶EVKECU
DCUCFCU GP NC EQPEKGPEKC FG WPQ OKUOQ NC OQVKXCEKÎP NC GORCVÈC GN
CWVQEQPVTQN[NCUJCDKNKFCFGUUQEKCNGUGPKPVGTCEEKÎPCFGO¶UEQPGNTGUVQ
.CU ENCXGU FG GUVG PWGXQ EQPEGRVQ FG XCNQTCEKÎP RGTUQPCN UG DCUCP GP NC
TGECRCEKVCEKÎPUQDTGGNVTCDCLQ[NCRTGFKURQUKEKÎPJCEKCGNOKUOQGNGUVWFKQ
FGNCUOQVKXCEKQPGURTQHGUKQPCNGUKPVGPVCTEGPVTCTUGGPQDLGVKXQUCNECPCDNGUC
OGFKQRNCQUGTRQUKVKXQHKLCTUGGPOQFGNQUÕVKNGU[CIWFKCTGNUGPVKFQETÈVKEQ
RCTCRQFGTCWVQGXCNWCTUG[ECODKCT
*CDKVWCNOGPVG GUVCOQU CEQUVWODTCFQU C TGNCEKQPCT NC KPVGNKIGPEKC EQP NC
ECRCEKFCFFGTCEKQEKPKQNÎIKEQEQPGNEQGHKEKGPVGKPVGNGEVWCNSWGFGVGTOKPC
NCU JCDKNKFCFGU RCTC NCU EKGPEKCU GZCEVCU NC EQORTGPUKÎP [ ECRCEKFCF FG
CP¶NKUKU TGHNGZKXQ GN TCQPCOKGPVQ GURCEKCN NC ECRCEKFCF XGTDCN [ NCU
JCDKNKFCFGU OGE¶PKECU 5KP GODCTIQ GP GN OWPFQ GORTGUCTKCN UG GUV¶
GORGCPFQ C VGPGT GP EWGPVC [ C XCNQTCT O¶U NC FGPQOKPCFC KPVGNKIGPEKC
GOQEKQPCNSWGFGVGTOKPCEÎOQPQUOCPGLCOQUEQPPQUQVTQUOKUOQU[EQP
NQUFGO¶U
'NVÃTOKPQFGKPVGNKIGPEKCGOQEKQPCNKPENW[GFQUVKRQUFGKPVGNKIGPEKCU
.C +PVGNKIGPEKC 2GTUQPCN GUV¶ EQORWGUVC C UW XG RQT WPC UGTKG FG
EQORGVGPEKCUSWGFGVGTOKPCPGNOQFQGPSWGPQUTGNCEKQPCOQUEQPPQUQVTQU
OKUOQUGUVCKPVGNKIGPEKCEQORTGPFGVTGUEQORQPGPVGUEWCPFQUGCRNKECGPGN
VTCDCLQ
N %QPEKGPEKCGPWPQOKUOQECRCEKFCFFGTGEQPQEGT[GPVGPFGTGPWPQOKUOQ
NCURTQRKCUHQTVCNGCUFGDKNKFCFGUGUVCFQUFG¶PKOQGOQEKQPGUGKORWNUQU
CUÈEQOQGNGHGEVQSWGÃUVQUVKGPGPUQDTGNQUFGO¶U[UQDTGGNVTCDCLQ
N #WVQTTGIWNCEKÎPQEQPVTQNFGUÈOKUOQJCDKNKFCFFGEQPVTQNCTPWGUVTCURTQRKCU
GOQEKQPGUGKORWNUQURCTCCFGEWCTNQUCWPQDLGVKXQFGTGURQPUCDKNKCTUGFG
NQURTQRKQUCEVQUFGRGPUCTCPVGUFGCEVWCT[FGGXKVCTNQULWKEKQURTGOCVWTQU
.CURGTUQPCUSWGRQUGGPGUVCEQORGVGPEKCUQPUKPEGTCUGÈPVGITCUEQPVTQNCPGN
GUVTÃU[NCCPUKGFCFCPVGUKVWCEKQPGUEQORTQOGVKFCU[UQPHNGZKDNGUCPVGNQU
ECODKQUQNCUPWGXCUKFGCU
N #WVQOQVKXCEKÎPGUNCJCDKNKFCFFGGUVCTGPWPGUVCFQFGEQPVKPWCDÕUSWGFC[
RGTUKUVGPEKC GP NC EQPUGEWEKÎP FG NQU QDLGVKXQU JCEKGPFQ HTGPVG C NQU
RTQDNGOCU[ GPEQPVTCPFQUQNWEKQPGU 'UVC EQORGVGPEKC UG OCPKHKGUVC GP NCU
RGTUQPCUSWGOWGUVTCPWPITCPGPVWUKCUOQRQTUWVTCDCLQ[RQTGNNQITQFG NCU
OGVCURQTGPEKOCFGNCUKORNGTGEQORGPUCGEQPÎOKECEQPWPCNVQITCFQFG

KPKEKCVKXC[EQORTQOKUQ[EQPITCPECRCEKFCFQRVKOKUVCGPNCEQPUGEWEKÎPFG
UWUQDLGVKXQU
'NQRVKOKUOQGUWPQFGNQUTGSWKUKVQUKORTGUEKPFKDNGURCTCNCEQPUGEWEKÎPFG
OGVCUTGNGXCPVGU[VCTGCUEQORNGLCU[UGTGNCEKQPCEQPWPCORNKQGNGPEQFG
EQPEGRVQU RUKEQNÎIKEQU SWG WUCOQU JCDKVWCNOGPVG EQPVTQN FG KORWNUQU
KPJKDKEKÎPFGRGPUCOKGPVQUPGICVKXQUGUVKNQCVTKDWVKXQPKXGNFGGZRGEVCVKXCU
CWVQGUVKOC
N 'N EQPVTQN FG NQU KORWNUQU ECRCEKFCF FG TGUKUVGPEKC C NC HTWUVTCEKÎP [
CRNCCOKGPVQ FG NC ITCVKHKECEKÎP RCTGEG UGT WPC FG NCU JCDKNKFCFGU
RUKEQNÎIKECUO¶UKORQTVCPVGU[TGNGXCPVGUGPGNFGXGPKTXKVCN[CECFÃOKEQ
N 'N EQPVTQN FG NQU RGPUCOKGPVQU PGICVKXQU XGPGPQ FGN QRVKOKUOQ UG
TGNCEKQPC EQP GN TGPFKOKGPVQ C VTCXÃU FG NC GEQPQOÈC FG NQU TGEWTUQU
CVGPEKQPCNGU RTGQEWRCTUG EQPUWOG NQU TGEWTUQU SWG PGEGUKVCOQU RCTC
CHTQPVCTEQPÃZKVQNQUTGVQUXKVCNGU[CECFÃOKEQU
N 'NGUVKNQCVTKDWVKXQFGNQUÃZKVQU[HTCECUQUWUKORNKECEKQPGUGOQEKQPCNGU[
UW TGNCEKÎP EQP NCU GZRGEVCVKXCU FG ÃZKVQ GU WPC VGQTÈC RUKEQNÎIKEC SWG
EQPVTKDW[G GPQTOGOGPVG C PWGUVTC EQORTGPUKÎP FG NQU RTQDNGOCU FG
CRTGPFKCLG[CUWUQNWEKÎP
.C ECRCEKFCF FG OQVKXCTUG C WPQ OKUOQ UG RQPG GURGEKCNOGPVG C RTWGDC
EWCPFQUWTIGPNCUFKHKEWNVCFGUGNECPUCPEKQGNHTCECUQGUGNOQOGPVQGPSWG
OCPVGPGTGNRGPUCOKGPVQFGSWGNCUEQUCUKT¶PDKGPRWGFGUKIPKHKECTGNÃZKVQQ
GN CDCPFQPQ [ GN HTCECUQ
C RCTVG FG QVTQU HCEVQTGU O¶U EQIPKVKXQU EQOQ
FGUEQORQPGT NQU RTQDNGOCU [ UGT HNGZKDNGU RCTC ECODKCT FG OÃVQFQU [
QDLGVKXQU
'N FGUCTTQNNQ FGN QRVKOKUOQ NC CWVQGUVKOC NC GZRGEVCVKXC FG ÃZKVQ GUV¶
TGNCEKQPCFQEQPNCURCWVCUFGETKCPC[GFWECEKÎPGXKVCPFQGNRTQVGEEKQPKUOQ
[ NC ETÈVKEC FGUVTWEVKXC HCXQTGEKGPFQ NC CWVQPQOÈC [ NQU NQITQU RGTUQPCNGU
WVKNKCPFQGNGNQIKQ[NCRGFCIQIÈCFGNÃZKVQEQORNGOGPVCFQEQPNCGZKIGPEKC
[CNCC[WFC
.C +PVGNKIGPEKC +PVGTRGTUQPCN CN KIWCN SWG NC CPVGTKQT GUVC KPVGNKIGPEKC
VCODKÃPGUV¶EQORWGUVCRQTQVTCUEQORGVGPEKCUSWGFGVGTOKPCPGNOQFQGP
SWGPQUTGNCEKQPCOQUEQPNQUFGO¶U[CSWÈ FQUEQPEGRVQUKORQTVCPVGU
N 'ORCVÈC JCDKNKFCF RCTC GPVGPFGT NCU PGEGUKFCFGU UGPVKOKGPVQU [
RTQDNGOCU FG NQU FGO¶U RQPKÃPFQUG GP UW NWICT [ TGURQPFGT
EQTTGEVCOGPVGCUWUTGCEEKQPGUGOQEKQPCNGU.CURGTUQPCUGOR¶VKECUUQP
CSWGNNCU ECRCEGU FG GUEWEJCT C NQU FGO¶U [ GPVGPFGT UWU RTQDNGOCU [

OQVKXCEKQPGU SWG PQTOCNOGPVG VKGPGP OWEJC RQRWNCTKFCF [
TGEQPQEKOKGPVQUQEKCNSWGUGCPVKEKRCPCNCUPGEGUKFCFGUFGNQUFGO¶U[
SWGCRTQXGEJCPNCUQRQTVWPKFCFGUSWGNGUQHTGEGPQVTCURGTUQPCU
N *CDKNKFCFGUUQEKCNGUGUGNVCNGPVQGPGNOCPGLQFGNCUTGNCEKQPGUEQPNQU
FGO¶U GP UCDGT RGTUWCFKT G KPHNWGPEKCT C NQU FGO¶U 3WKGPGU RQUGGP
JCDKNKFCFGU UQEKCNGU UQP GZEGNGPVGU PGIQEKCFQTGU VKGPGP WPC ITCP
ECRCEKFCF RCTC NKFGTCT ITWRQU [ RCTC FKTKIKT ECODKQU [ UQP ECRCEGU FG
VTCDCLCTEQNCDQTCPFQGPWPGSWKRQ[ETGCPFQUKPGTIKCUITWRCNGU
.C KPVGNKIGPEKC GOQEKQPCN RWGFG VGPGT ITCPFGU GHGEVQU UQDTG NQU HCEVQTGU
ETÈVKEQUFGÃZKVQGPWPCECTTGTCRTQHGUKQPCNEQOQNQUQP
N .CVQOCFGFGEKUKQPGU
N 'NNKFGTCIQ
N .QUCXCPEGUFGEKUKXQUVÃEPKEQU[GUVTCVÃIKEQU
N .CEQOWPKECEKÎPCDKGTVC[HTCPEC
N .CUTGNCEKQPGUFGEQPHKCPC[VTCDCLQGPGSWKRQ
N .CNGCNVCFFGNQUWUWCTKQU
N .CETGCVKXKFCF[NCKPPQXCEKÎP
5KVQOCOQUGPEWGPVCGUVQUJ¶DKVQU[OCPGLCOQUDKGPNCKPVGNKIGPEKCGOQEKQPCN
GUVCTGOQU CRVQU RCTC EWORNKT NQU TQNGU FG VQFQDWGPFKTGEVKXQSWGXGTGOQUC
OC[QTFGVCNNGGPGNUKIWKGPVGECRÈVWNQ

333QQQ```dddeee___ FFF*** ___ccc ((( bbb___UUUccc TTTUUU eee^^^ RRReeeUUU^^^ 777UUUbbbUUU^^^dddUUU TTTUUU CCCYYYcccdddUUU]]]QQQccc
2CTC NNGICT C UGT WP DWGP IGTGPVG UG TGSWKGTG VGPGT WP EQPLWPVQ FG EQORGVGPEKCU
EQPFWEVWCNGU GU FGEKT VGPGT NQU EQPQEKOKGPVQU [ NCU FGUVTGCU PGEGUCTKCU RCTC
FGUGORGÌCT FGVGTOKPCFC VCTGC Q TQN 'N RTGUGPVG EWCFTQ TGUWOG NQU TQNGU [ NCU
EQORGVGPEKCURQTECFCTQN
.151%*141.'5'.)'4'06''5+56'/#5
4QN %QORGVGPEKCU%NCXGU
4QNFGFKTGEVQT 6QOCFGKPKEKCVKXCU
(KLCEKÎPFGOGVCU
GNGICEKÎPGHKEC
4QNFG2TQFWEVQT 2TQFWEVKXKFCF[OQVKXCEKÎPRGTUQPCN
/QVKXCTCNQUFGO¶U
)GUVKÎPFGNVKGORQ[FGNGUVTÃU
4QNFGN%QQTFKPCFQT 2NCPKHKECEKÎP
1TICPKCEKÎPQFKUGÌQ
%QPVTQN
4QNFG/QPKVQT 4GFWEKTNCUQDTGECTICFGKPHQTOCEKÎP
#PCNKCTNCKPHQTOCEKÎPETÈVKECOGPVG
2TGUGPVCTNCKPHQTOCEKÎPTGFCEVCTEQP
GHKECEKC
4QNFG/GPVQT #WVQEQORTGPUKÎP [ EQORTGPUKÎP FG
NQUFGO¶U
%QOWPKECEKÎPKPVGTRGTUQPCN
GUCTTQNNQFGNQUUWDQTFKPCFQU
4QNFGNHCEKNKVCFQT %TGCEKÎPFGGSWKRQU
6QOCFGFGEKUKQPGURCTVKEKRCVKXC
)GUVKÎPFGNEQPHNKEVQ
4QNFGNKPPQXCFQT %QPXKXKTEQPGNECODKQ
'NRGPUCOKGPVQETGCVKXQ
.CIGUVKÎPFGNECODKQ
4QNFGNDTQMGT %TGCT[OCPVGPGTWPCDCUGFGRQFGT
0GIQEKCTCEWGTFQU [EQORTQOKUQU
2TGUGPVCT NCU KFGCU RTGUGPVCEKQPGU
XGTDCNGUGHKECEGU
6QOCFQFG/CGUVTKCGPNCIGUVKÎPFGNCUQTICPKCEKQPGURQT4QDGTV3WKPP
5WG4(CGTOCP[/KEJCGN26JQORUQP

41.'.%114+0#14
'NTQN FGEQQTFKPCFQTGUCUGIWTCTSWGGNVTCDCLQHNW[CKPKPVGTTWORKFCOGPVG[SWG
NCU CEVKXKFCFGU UG TGCNKEGP FG CEWGTFQ EQP UW KORQTVCPEKC TGNCVKXC GXKVCPFQ
EQPHNKEVQUGPVTGNQUKPFKXKFWQU'UCUGIWTCTSWGNCURGTUQPCUEQTTGEVCUGUV¶PGPGN
NWICT EQTTGEVQ GP GN OQOGPVQ EQTTGEVQ RCTC TGCNKCT NCU VCTGCU EQTTGEVCU [
ICTCPVKCTSWGÃUVCUFKURQPFT¶PFGNCUJGTTCOKGPVCURCTCTGCNKCTUWVTCDCLQ[SWG
UW TGUWNVCFQ GUVCT¶ FKURQPKDNG RCTC GN UKIWKGPVG ITWRQ FG VTCDCLQ EWCPFQ GUVG
RTGRCTCFQRCTCTGEKDKTNQ.CUEQORGVGPEKCUKPVGTGNCEKQPCFCURCTCFGUGORGÌCTGN
TQNFGEQQTFKPCFQTUQPVTGU2NCPKHKECEKÎP1TICPKCEKÎP[%QPVTQN
2NCPKHKECEKÎP
.C2NCPKHKECEKÎP[NCHKLCEKÎPFGOGVCUUQPJGTTCOKGPVCUKORQTVCPVGURCTC
FGVGTOKPCTCFQPFGUGFGUGCKT[EQOQUGFGUGCNNGICTCNNÈ
2NCPKHKECEKÎP 1RGTCVKXC %QPUKUVG GP VTCFWEKT NQU QDLGVKXQU GP CEEKQPGU
TGCNKCTNCRTGRCTCEKÎP[OCPVGPKOKGPVQFGNHNWLQFGVTCDCLQFGNUKUVGOC5G
VKGPGSWGFGEKFKTEQOQUGWVKNKCT¶PNQUTGEWTUQUHKPCPEKGTQUJWOCPQU[
OCVGTKCNGURCTCICTCPVKCTNCGPVTGICFGNQUUGTXKEKQUEQPNCOC[QTGHKECEKC
RQUKDNG
.QUECODKQUPGEGUCTKQURCTCVTCFWEKTOGVCUGPRNCPGUUQP
2CUCT FG WPC RGTURGEVKXC C PKXGN QTICPKCVKXQ Q FG FKXKUKÎP C WPC
RGTURGEVKXCEGPVTCFCGPWPCWPKFCFFGVTCDCLQ¶TGCHWPEKQPCNRTQITCOC
QRTQ[GEVQGURGEÈHKEQ
2CUCTFGNNCTIQCNEQTVQRNCQGPNCRNCPKHKECEKÎP2QTNQIGPGTCNPQNNGIC
VCPNGLQUEQOQNCRNCPKHKECEKÎPGUVTCVÃIKECQNCV¶EVKECSWGUGEGPVTCPFG
CCÌQUOKGPVTCUSWGNQURNCPGUQRGTCVKXQUUGEGPVTCPGPRGTÈQFQUC
WPCÌQKPENWUQUÎNQWPCUGOCPC
.CRNCPKHKECEKÎPQRGTCVKXCGUKORQTVCPVGRQTSWGQHTGEGWPOCRCFGVCNNCFQ
FGEÎOQNNGICTFGCSWÈCCNNÈCFGO¶U
2QTSWGPQURGTOKVGHKLCTNQUGUV¶PFCTGUENCTKHKECTSWGGUNQSWGJC[SWG
JCEGT [ EQOQ FGDG JCEGTUG GVGTOKPCFQ NQU GUV¶PFCTGU FG
TGPFKOKGPVQGURQUKDNGGXCNWCTNCGHKECEKCFGNQSWGUGGUV¶JCEKGPFQQ
UGJCJGEJQ'URQUKDNGHKLCTGUV¶PFCTGUFGTGPFKOKGPVQRCTCNQUTGEWTUQU
JWOCPQUTGEWTUQUHKPCPEKGTQUTGEWTUQUVÃEPKEQU
.QUGUV¶PFCTGUFGDGPUGT
N 'URGEÈHKEQUEQPTGURGEVQCNQSWGFGDGNQITCTUG

N /GFKDNGU EQP TGURGEVQ CN RTQITGUQ CNECPCFQ GP GN NQITQ FGN
GUV¶PFCT
N #UKIPCDNGUEQPTGURGEVQCSWÃKPFKXKFWQQITWRQFGKPFKXKFWQUGU
TGURQPUCDNGFGFGUGORGÌCTNCVCTGC
N 4GCNKUVCUEQPTGURGEVQCNQUTGEWTUQUFKURQPKDNGU
N %QP NÈOKVGU FG VKGORQ EQP TGURGEVQ C EW¶PFQ UG GURGTCP NQU
TGUWNVCFQU
2QTSWGRGTOKVGENCTKHKECTNCURTKQTKFCFGUQTICPKCVKXCU[FGNCWPKFCFFG
VTCDCLQGUV¶TGNCEKQPCFCEQPNCRTQITCOCEKÎP[GNGUVCDNGEKOKGPVQFG
ECNGPFCTKQU [ RWPVQU FG TGHGTGPEKC 'U PGEGUCTKQ HKLCT RTKQTKFCFGU [
FGEKFKTNCUGEWGPEKCFGGLGEWEKÎP
.QUHCEVQTGUSWGKPHNW[GPGPGNGUVCDNGEKOKGPVQFGNCURTKQTKFCFGU
N .KOKVCEKQPGU GZVGTPCU ‹%W¶NGU UQP NCU HGEJCU VQRG GZKUVGPVGU
KORWGUVCU FGUFG GN GZVGTKQT! ‹%W¶N GU NC WTIGPEKC GP VGTOKPCT ÃUVC
VCTGCCEVKXKFCFQRTQ[GEVQ!
N 6KGORQVQVCNPGEGUCTKQ5KNCVCTGCGUNCTICGNVKGORQPGEGUCTKQRCTC
UWVGTOKPCEKÎPUKGUEQTVCGURQUKDNGTGVTCUCTUWEQOKGPQ
N .CTGNCEKÎPFGGUVCVCTGCEQPQVTCUVCTGCU‹%W¶NUGTÈCGNKORCEVQFG
VGTOKPCTQPQGUVCVCTGCGPNQURNCPGUFGQVTQURTQ[GEVQU!‹GRGPFG
QVTCURGTUQPCUWQTICPKCEKQPGUFGNTGUWNVCFQFGGUVGRTQ[GEVQRCTC
RQFGTEQOGPCTCVTCDCLCT!
N 'N DGPGHKEKQ TGNCVKXQ FGVGTOKPCTWPCVCTGCFGPVTQFGWPOCTEQFG
VKGORQ Q PQ [ CUWOKT NC RGPCNKCEKÎP RQT PQ JCEGTNQ ‹3WÃ
ICPCTGOQURQTVGTOKPCTNCVCTGC!‹%W¶NGUUQPNCUEQPUGEWGPEKCUFG
TGVTCUCTGNVTCDCLQWPCQFQUUGOCPCUWPOGUGVE!
'ZKUVGP WP EQPLWPVQ FG JGTTCOKGPVCU RCTC NC RNCPKHKECEKÎP [
RTQITCOCEKÎP FG VKGORQ CUÈ EQOQ UG FGDG EQPUKFGTCT NQU GNGOGPVQU
PGEGUCTKQURCTCFGHKPKTGNVTCDCLQ
N GUETKREKQPGU FG NCU VCTGCU PGEGUCTKCU RCTC NC VGTOKPCEKÎP FGN
RTQ[GEVQ
N GUETKREKÎPFGECFCVCTGC
N 5K RTQEGFGP EQOQ UG KPVGITCT¶P NCU VCTGCU KPFKXKFWCNGU EQP GN
EQPLWPVQVQVCN
N (GEJCUFGKPKEKQ[VGTOKPCEKÎPFGECFCVCTGC

N 4GUWOKTNQUTGEWTUQUJWOCPQUQFGEWCNSWKGTVKRQTGSWGTKFQURCTC
FGUGORGÌCTECFCVCTGC
5GRWGFGWUCTGNKCITCOCFGTGNCEKQPGUFGNCVCTGCSWGC[WFCCUGT
O¶UEQPUEKGPVGFGNKORCEVQFGGUCUTGNCEKQPGUGPUWVTCDCLQ
KUGÌQ'UETKDCUWPQODTGGPGNEGPVTQFGWPEÈTEWNQ[CNTGFGFQTNQU
PQODTGUFGNCURGTUQPCUKPXQNWETCFCUGPECFCVCTGCGNFKCITCOCFGDG
KPENWKT NÈPGCU GPVTG WUVGF [ ECFC WPC FG NCU RGTUQPCU KPENWKFCU GP GN
FKCITCOC
#EQPVKPWCEKÎPKFGPVKHKSWGGNVKRQFGEQOWPKECEKÎPSWGOCPVKGPGEQP
GUCU RGTUQPCU [ GN OGFKQ SWG WVKNKC 2QT ÕNVKOQ CPCNKEG GN PKXGN FG
GHKECEKCFGECFCECFGPCFGEQOWPKECEKÎPKFGPVKHKECPFQCNCURGTUQPCU
EQP NCU SWG PGEGUKVC EQOWPKECTUG EQP O¶U HTGEWGPEKC EQP GN HKP FG
OGLQTCTNCEQQTFKPCEKÎPFGNC VCTGC
6CODKÃPUGRWGFGWVKNKCTGNKCITCOCFG)CPV3WGRGTOKVGGUVCDNGEGT
NCU TGNCEKQPGU FG VKGORQ GPVTG NCU FKXGTUCUVCTGCU FGPVTQ FGN RTQ[GEVQ
FGPVTQ FGN OCTEQ IGPGTCN FG VKGORQ FGN RTQ[GEVQ
FGUCTTQNNCFQ RQT
*GPT[.)CPVVCEQOKGPQUFGNUKINQ::
2TQITCOCFQT #PCNKUVC #PCNKUVC
KTGEVQTFGN
TGC$
#PCNKUVC
KTGEVQTFGN
TGC$
7F
)GTGPVGFG
5KUVGOCU

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