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006705M DanLoad 6000 Ref Manual Rev 5M All 9.3MB
006705M DanLoad 6000 Ref Manual Rev 5M All 9.3MB
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2CTV0WODGT
4GXKUKQP/
5WRRQTVKPI5QHVYCTG8GTUKQP
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6JG %QORCP[ TGRTGUGPVU CPF YCTTCPVU VJCV EQORWVGT RTQITCOU KP CP[ OGFKWO UQHVYCTG
HKTOYCTG CPF EQODKPCVKQPU VJGTGQH é&GNKXGTCDNGUê OCPWHCEVWTGF D[ VJG %QORCP[ CPF
KPEQTRQTCVGFKPVQQTUWRRNKGFD[VJG%QORCP[HQTWUGYKVJIQQFUOCPWHCEVWTGFD[VJG%QORCP[
YKNNWPFGTPQTOCNWUGCPFECTG
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KK TGEQIPK\GCPFCEEGRVVJG[GCTCPFGXGT[UWEEGGFKPIHQWTVJ[GCTCUNGCR[GCTU
KKK TGEQIPK\GCPFCEEGRV(GDTWCT[KPVJG[GCTCPFGXGT[UWEEGGFKPIHQWTVJ
[GCT
KX TGEQTFUVQTGRTQEGUUUGSWGPEGRTGUGPVCPFQWVRWVECNGPFCTFCVGUCPFFCVCTGNCVGF
VQFCVGUHCNNKPIQPQTCHVGT,CPWCT[KPVJGUCOGOCPPGTCPFYKVJVJGUCOG
HWPEVKQPCNKV[ CU VJG[ FQ QP QT DGHQTG &GEGODGT CPF YKVJQWV GTTQTU QT
QOKUUKQPUCPF
X NQUG PQ HWPEVKQPCNKV[ YKVJ TGURGEV VQ VJG KPVTQFWEVKQP KPVQ VJGO QH FCVGU QT FCVC
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RTQXKFGFVJCVKPVJGECUGQHCP[PQPEQPHQTOKPI&GNKXGTCDNGUVJCVCTGTGVWTPGFVQVJG%QORCP[
RTQORVN[HQNNQYKPIFKUEQXGT[QHVJGPQPEQPHQTOKV[VJG%QORCP[YKNNCVKVUQRVKQPCPFEQUV
TGRCKTQTTGRNCEGUWEJ&GNKXGTCDNGQTTGHWPFVQVJG2WTEJCUGTVJGRWTEJCUGRTKEGVJGTGHQT6JKU
UJCNNDGVJG2WTEJCUGTçUUQNGCPFGZENWUKXGTGOGF[HQTDTGCEJQHVJGHQTGIQKPIYCTTCPV[
0QVYKVJUVCPFKPIVJGHQTGIQKPIVJG%QORCP[UJCNNPQVWPFGTCP[EKTEWOUVCPEGUYJCVUQGXGTDG
NKCDNGHQTCP[FGHGEVUQTGTTQTUECWUGFD[OCVGTKCNUQTYQTMOCPUJKROCFGHWTPKUJGFQTURGEKHKGF
D[ VJG 2WTEJCUGT PQPEQORNKCPEG YKVJ VJG %QORCP[çU KPUVCNNCVKQP QT QRGTCVKQP TGSWKTGOGPVU
HCKNWTG VQ KPUVCNN CP[ TGXKUKQPU CPFQT WRITCFGU VQ VJG &GNKXGTCDNGU FGGOGF OCPFCVQT[ D[ VJG
%QORCP[CP[OQFKHKECVKQPUVQ&GNKXGTCDNGUPQVRTGXKQWUN[CWVJQTK\GFD[VJG%QORCP[KPYTKVKPI
VJGWUGD[VJG2WTEJCUGTQHCP[PQPCWVJQTK\GFURCTGQTTGRNCEGOGPVRCTVUKPEQPPGEVKQPYKVJVJG
IQQFUWUGFKPEQPLWPEVKQPYKVJVJG&GNKXGTCDNGUQTVJGWUGQHVJG&GNKXGTCDNGUYKVJCP[JCTFYCTG
QT UQHVYCTG PQV UWRRNKGF D[ VJG %QORCP[ 6JG 2WTEJCUGT UJCNN CV CNN VKOGU TGOCKP UQNGN[
TGURQPUKDNG HQT VJG CFGSWCE[ CPF CEEWTCE[ QH CNN KPHQTOCVKQP UWRRNKGF D[ KV #P[ VJKTF RCTV[
EQPVGPVKP&GNKXGTCDNGUUJCNNECTT[QPN[VJGYCTTCPV[GZVGPFGFD[VJGQTKIKPCNOCPWHCEVWTGT
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6JGHQTGIQKPIYCTTCPV[UJCNNTGOCKPXCNKFWPVKNVJGNCVGTQH&GEGODGTQTQPG[GCTCHVGT
VJGFCVGVJCVVJG&GNKXGTCDNGYCUUJKRRGF
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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EQRKGFKPCP[HQTOQTD[CP[OGCPUITCRJKEGNGEVTQPKEQT
OGEJCPKECNYKVJQWVHKTUVTGEGKXKPIVJGYTKVVGPRGTOKUUKQPQH
&CPKGN*QWUVQP6GZCU75#
2TGHCEG K
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
9#44#06;
6JG &CPKGN &KXKUKQP QH 'OGTUQP 2TQEGUU /CPCIGOGPV &CPKGN YCTTCPVU CNN GSWKROGPV
OCPWHCEVWTGF D[ KV VQ DG HTGG HTQO FGHGEVU KP YQTMOCPUJKR CPF OCVGTKCN RTQXKFGF VJCV UWEJ
GSWKROGPVYCURTQRGTN[UGNGEVGFHQTVJGUGTXKEGKPVGPFGFRTQRGTN[KPUVCNNGFCPFPQVOKUWUGF
'SWKROGPVYJKEJKUTGVWTPGFVTCPURQTVCVKQPRTGRCKFVQ&CPKGNYKVJKPVYGNXG OQPVJUQHVJG
FCVG QH UJKROGPV GKIJVGGP OQPVJU HTQO FCVG QH UJKROGPV HQT FGUVKPCVKQPU QWVUKFG QH VJG
7PKVGF 5VCVGU YJKEJ KU HQWPF CHVGT KPURGEVKQP D[ &CPKGN VQ DG FGHGEVKXG KP YQTMOCPUJKR QT
OCVGTKCNYKNNDGTGRCKTGFQTTGRNCEGFCV&CPKGN UUQNGQRVKQPHTGGQHEJCTIGCPFTGVWTPUJKRRGF
CV NQYGUV EQUV VTCPURQTVCVKQP #NN VTCPURQTVCVKQP EJCTIGU CPF GZRQTV HGGU YKNN DG DKNNGF VQ VJG
EWUVQOGT9CTTCPVKGUQPFGXKEGURWTEJCUGFHTQOVJKTFRCTV[OCPWHCEVWTGTUPQVDGCTKPIC&CPKGN
NCDGNUJCNNJCXGVJGYCTTCPV[RTQXKFGFD[VJGVJKTFRCTV[OCPWHCEVWTGT
6JGYCTTCPVKGUURGEKHKGFJGTGKPCTGKPNKGWQHCP[CPFCNNQVJGTYCTTCPVKGUGZRTGUUQTKORNKGF
KPENWFKPICP[YCTTCPV[QHOGTEJCPVCDKNKV[QTHKVPGUUHQTCRCTVKEWNCTRWTRQUG
&CPKGNUJCNNDGNKCDNGQPN[HQTNQUUQTFCOCIGFKTGEVN[ECWUGFD[KVUUQNGPGINKIGPEG&CPKGN U
NKCDKNKV[HQTCP[NQUUQTFCOCIGCTKUKPIQWVQHEQPPGEVGFYKVJQTTGUWNVKPIHTQOCP[DTGCEJJGTGQH
UJCNNKPPQECUGGZEGGFVJGRTKEGCNNQECDNGVQVJGGSWKROGPVQTWPKVVJGTGQHYJKEJIKXGUTKUGVQVJG
ENCKO&CPKGN UNKCDKNKV[UJCNNVGTOKPCVGQPG[GCTCHVGTVJGFGNKXGT[QHVJGGSWKROGPVGZEGRVHQT
QXGTUGCUFGNKXGTKGUCPFGZVGPFGFYCTTCPV[RTQFWEVUCUPQVGFCDQXG
+PPQGXGPVYJGVJGTCUCTGUWNVQHDTGCEJQHYCTTCPV[QTCNNGIGFPGINKIGPEGUJCNN&CPKGNDGNKCDNG
HQTURGEKCNQTEQPUGSWGPVKCNFCOCIGUKPENWFKPIDWVPQVNKOKVGFVQNQUUQHRTQHKVUQTTGXGPWGNQUU
QHGSWKROGPVQTCP[CUUQEKCVGFGSWKROGPVEQUVQHECRKVCNEQUVQHUWDUVKVWVGGSWKROGPVHCEKNKVKGU
QTUGTXKEGUFQYPVKOGEQUVUQTENCKOUQHEWUVQOGTUQHVJGRWTEJCUGTHQTUWEJFCOCIGU
KK 2TGHCEG
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6#$.'1(%106'065
5GEVKQP 2CIG
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6CDNGQH%QPVGPVU KKK
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
KX 6CDNGQH%QPVGPVU
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%#./106WTDKPG/GVGT%CNKDTCVKQP/QPKVQTKPIHQTVJG
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6CDNGQH%QPVGPVU X
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
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XK 6CDNGQH%QPVGPVU
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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6CDNGQH%QPVGPVU XKK
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
( 1VJGT&TCYKPIU (
(+)74'5
XKKK 6CDNGQH%QPVGPVU
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6CDNGQH%QPVGPVU KZ
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKURCIGKPVGPVKQPCNN[NGHVDNCPM
Z 6CDNGQH%QPVGPVU
5GEVKQP
+PVTQFWEVKQP
(WPEVKQPCN%JCTCEVGTKUVKEU
*CTFYCTG%QPHKIWTCVKQP
)GPGTCN6GTOKPQNQI[
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUOCPWCNEQPVCKPUKPHQTOCVKQPQPVJGKPUVCNNCVKQPUGVWRCPFQRGTCVKQPQHVJG&CP.QCF
6JG&CP.QCFKUCXGTUCVKNGOKETQEQORWVGTDCUGFDCVEJFGNKXGT[EQPVTQNNGTCPFNKSWKFHNQY
EQORWVGT 6JKU V[RG QH KPUVTWOGPV KU EQOOQPN[ TGHGTTGF VQ CU C 2TGUGV KP VJG VCPMGT XGJKENG
NQCFKPI KPFWUVT[ 6JG &CP.QCF KU GCU[ VQ UGVWR QPUKVG HQT WVKNK\CVKQP KP XKTVWCNN[ CP[
CRRNKECVKQPVJCVTGSWKTGURTGEKUGHNQYOGCUWTGOGPVCPFEQPVTQNQHNKSWKFDCVEJFGNKXGTKGU$CVEJ
FGNKXGT[QRGTCVKQPUCTGGCUKN[EQPFWEVGFKPCNQIKECNOCPPGT#DCVEJFGNKXGT[ECPDGUGVWRCPF
UVCTVGF YKVJ UGXGTCN KPVWKVKXG EQOOCPFU 6JG KPUVTWOGPV RTQXKFGU C ITCRJKE FKURNC[ QH VJG
RTQITGUUQHVJGDCVEJFGNKXGT[
0QVGU
6JKUOCPWCNEQXGTUVJG&CP.QCFUQHVYCTGXGTUKQPTGNGCUGFKP,WN[6JG
&CP.QCFUQHVYCTGXGTUKQPPWODGTKUFKURNC[GFFWTKPIVJGUVCTVWRUGSWGPEGCHVGTRQYGT
KUCRRNKGFVQVJGKPUVTWOGPVCPFKPVJGFKCIPQUVKEUOGPW6JKUUQHVYCTGXGTUKQPKU
EQORCVKDNGYKVJDQVJVJGQTKIKPCN%27DQCTFCPFVJGPGYXGTUKQP%27 %27X DQCTF
*QYVQWUGVJG/CPWCN
6JG KPHQTOCVKQP EQPVCKPGF KP VJKU OCPWCN KU KPVGPFGF HQT WUG D[ QRGTCVQTU UJKHV UWRGTXKUQTU
KPUVTWOGPVVGEJPKEKCPURTQEGUUGPIKPGGTUCPFVGTOKPCNRNCPVOCPCIGTU6QVJGGZVGPVVJCVKU
RTCEVKECNGCEJUGEVKQPQHVJGOCPWCNKUFGUKIPGFCUCUVCPFCNQPGFQEWOGPV6JGNCUVUGEVKQP
5GEVKQPEQPVCKPUCTGHGTGPEGHQTVJGHWPEVKQPQHCNNRTQITCOEQFGU RCTCOGVGTU VJCVFGHKPG
VJGQRGTCVKQPQHVJG&CP.QCF'CEJRTQITCOEQFGKUKFGPVKHKGFD[CVJTGGFKIKVPWODGT
DGVYGGPCPF2TQITCOEQFGUCTGUJQYPKPVJGHQNNQYKPIHQTOUKPVJKUVGZV
2CUUEQFG 7PKSWGRTQITCOEQFG
8CNXGVQDGEQPVTQNNGF 5GSWGPEGQHHQWTUKOKNCTVJTGGFKIKV
RTQITCO EQFGU 'CEJ VJTGGFKIKV
PWODGT CRRNKGU VQ QPG HNQY OGVGT
2TQITCO EQFG UGSWGPEG KU KP HNQY
OGVGTUGSWGPEGKPPWOGTKECNQTFGT
VQ
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0COG 5GSWGPEGQHUKOKNCTVJTGGFKIKVRTQITCOEQFG
PWODGTUKUVQQNQPIVQNKUVCNNPWODGTU6JG
GNNKRUKU KUCRNCEGJQNFGTHQTCFFKVKQPCN
RTQITCOEQFGPWODGTU+PVJKUGZCORNGVJG
GNNKRUKU TGRTGUGPV CFFKVKQPCN TGEKRG PCOG
RTQITCOEQFGPWODGTU
+PHQTOCVKQPCRRNKECDNGVQPGYKPUVCNNCVKQPUKUNQECVGFKPVJGHQNNQYKPIUGEVKQPU
5GEVKQP+PVTQFWEVKQP
5GEVKQP+PUVCNNCVKQP
5GEVKQP5GVWR
5GEVKQP2TQITCO%QFG&GHKPKVKQPU
+PHQTOCVKQPCRRNKECDNGVQQRGTCVKQPQHCPGZKUVKPIU[UVGOKUNQECVGFKPVJGHQNNQYKPIUGEVKQPU
5GEVKQP1RGTCVKQP
5GEVKQP(NQY/GVGT2TQXKPI
6JGKPFKXKFWCNUGEVKQPUEQPVCKPVJGHQNNQYKPIKPHQTOCVKQP
5GEVKQP+PVTQFWEVKQP VJKUUGEVKQP
6JKUUGEVKQPEQPVCKPUCPQXGTXKGYQHVJGECRCDKNKVKGUQHVJG&CP.QCF#INQUUCT[QH
VGTOUWUGFVJTQWIJQWVVJGOCPWCNKUNQECVGFCVVJGTGCTQHVJKUUGEVKQP
5GEVKQP+PUVCNNCVKQP
6JKUUGEVKQPEQPVCKPUKPHQTOCVKQPQPKPUVCNNCVKQPRNCPPKPIOGEJCPKECNKPUVCNNCVKQPCPF
GNGEVTKECNKPUVCNNCVKQPQHVJG&CP.QCF&GUKIPEQPUKFGTCVKQPUHQTQPUKVGRNCEGOGPV
OQWPVKPICPFYKTKPIOGVJQFUCTGKPENWFGFKPVJKUUGEVKQP#NUQTGCF5GEVKQP5GEVKQP
#RRGPFKZ##RRGPFKZ$CPF#RRGPFKZ%DGHQTGKPUVCNNKPIVJGKPUVTWOGPV
5GEVKQP5GVWR
6JKU UGEVKQP EQPVCKPU KPHQTOCVKQP QP VJG KPKVKCN UGVWR HWPEVKQPCN EQPHKIWTCVKQP CPF
OQFKHKECVKQPQHUGVWRRCTCOGVGTUUVQTGFKPVJG&CP.QCF6JG&CP.QCFTGVCKPU
UGVWRKPHQTOCVKQPKPPQPXQNCVKNGOGOQT[6JGTGHQTGVJGKPKVKCNUGVWRECPDGRGTHQTOGF
KP C UJQR QT QHHKEG DGHQTG QPUKVG RJ[UKECN KPUVCNNCVKQP QH VJG KPUVTWOGPV #NUQ TGCF
5GEVKQP 5GEVKQP #RRGPFKZ # #RRGPFKZ $ CPF #RRGPFKZ % DGHQTG KPUVCNNKPI VJG
KPUVTWOGPV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GEVKQP1RGTCVKQP
6JKUUGEVKQPEQPVCKPUFGVCKNGFKPHQTOCVKQPQPNQECNQRGTCVKQPQHVJG&CP.QCF5KPING
RTQFWEV FGNKXGT[ OWNVKEQORQPGPV DNGPFKPI CPF CFFKVKXG KPLGEVKQP RTQEGFWTGU CTG
EQXGTGF+PHQTOCVKQPQPFCVCNQIUCPFHCWNVCPCN[UKUCPFEQTTGEVKQPKUCNUQNQECVGFKPVJKU
UGEVKQP
5GEVKQP(NQY/GVGT2TQXKPI
6JKUUGEVKQPEQPVCKPUKPHQTOCVKQPQPQRGTCVQTFKTGEVGFOCPWCNHNQYOGVGTRTQXKPIWUKPI
VJG&CP.QCF6JGKPUVTWOGPVECPOQPKVQTCPFRGTHQTOHNQYOGVGTRTQQHUWUKPIVCPM
OGVGTRTQXGTUOCUVGTHNQYOGVGTUQTOGEJCPKECNFKURNCEGOGPVRKRGRTQXGTU
5GEVKQP2TQITCO%QFG&GHKPKVKQPU
6JKUUGEVKQPEQPVCKPUTGHGTGPEGKPHQTOCVKQPHQTCNNRTQITCOEQFGU RCTCOGVGTU YJKEJ
FGVGTOKPGVJGHWPEVKQPCNEQPHKIWTCVKQPQHVJG&CP.QCF
#RRGPFKZ#2CTCOGVGT%QPHKIWTCVKQP
6JKU CRRGPFKZ EQPVCKPU UGXGTCN VCDNGU VJCV ECP DG RJQVQEQRKGF CPF WUGF CU CP CKF KP
EQPHKIWTCVKQP QH VJG &CP.QCF CPF KPVGTEQPPGEV YKTKPI 6JG KPHQTOCVKQP KP VJKU
CRRGPFKZKUTGNCVGFVQVJGKPHQTOCVKQPKP5GEVKQP+PUVCNNCVKQPCPF5GEVKQP5GVWR
#RRGPFKZ$%QPHKIWTCVKQP4GEQTF
6JKU CRRGPFKZ EQPVCKPU C VCDNG VJCV ECP DG EQRKGF VQ RTQXKFG C RNCEG VQ FQEWOGPV VJG
EQPHKIWTCVKQPQHCPKPUVCNNCVKQP
#RRGPFKZ%.2).QCFKPI%QPHKIWTCVKQP%JGEMNKUV
6JKUCRRGPFKZEQPVCKPUKPUVTWEVKQPUCPFNKUVKPIUVJCVECPDGEQRKGFVQRTQXKFGCRNCEGVQ
FQEWOGPV.2)NQCFKPIEQPHKIWTCVKQPU
#RRGPFKZ&5RCTG2CTVU
6JKUCRRGPFKZEQPVCKPUNKUVUQHTGEQOOGPFGF&CP.QCFURCTGRCTVU
#RRGPFKZ'(KGNF9KTKPI&TCYKPIU
6JKU CRRGPFKZ EQPVCKPU FTCYKPIU VJCV CTG TGNGXCPV VQ VJG UGV WR CPF QRGTCVKQP QH VJG
&CP.QCFKPUVCNNCVKQPKPVJGHKGNF
#RRGPFKZ(1VJGT&TCYKPIU
6JKUCRRGPFKZEQPVCKPUQVJGTFTCYKPIUVJCVOC[DGJGNRHWNHQTEQPHKIWTKPICPFQRGTCVKPI
VJG&CP.QCF
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1XGTXKGY
6JG &CP.QCF ECP DG QRGTCVGF KP CP KPFGRGPFGPV UVCPFCNQPG OQFG YKVJ DCVEJ FGNKXGT[
QRGTCVKQPU OQPKVQTGF CPF EQPVTQNNGF HTQO VJG QRGTCVQT EQPVTQN RCPGN NQECVGF QP HTQPV QH VJG
&CP.QCF6JG&CP.QCFECPCNUQHWPEVKQPCUCUNCXGWPKVKPCVGTOKPCNCWVQOCVKQP
U[UVGOPGVYQTM6JGKPHQTOCVKQPEQPVCKPGFKPVJKUOCPWCNEQXGTUNQECNQRGTCVKQPQHVJG&CP.QCF
KP VJG 5VCPFCNQPG /QFG 6JG &CP.QCF CEEGRVU RTQEGUU KPRWV UKIPCNU HTQO CPF
RTQXKFGU RTQEGUU EQPVTQN UKIPCNU VQ VJG EQOOQP KPUVTWOGPVU CPF FGXKEGU WUGF KP NKSWKF DCVEJ
FGNKXGT[U[UVGOU6JGUGKPUVTWOGPVUFGXKEGUKPENWFGNKSWKFHNQYOGVGTU VWTDKPGCPFRQUKVKXG
FKURNCEGOGPVV[RG UQNGPQKFEQPVTQNNGFFKIKVCNHNQYEQPVTQNXCNXGUCFFKVKXGKPLGEVQTUUGEWTKV[
FGXKEGU HQT XGTKH[KPI GNGEVTKECN ITQWPF EQPPGEVKQPU CPF EQORCTVOGPV QXGTHKNNU GNGEVTKE OQVQT
FTKXGP RWORU CPF OQVQT QRGTCVGF DNQEM XCNXGU 6JG &CP.QCF ECP DG GCUKN[ UGVWR
EQPHKIWTGF VQ FGNKXGT UKPING EQORQPGPV NKSWKFU QT VQ DNGPF WR VQ HQWT NKSWKF EQORQPGPVU KP
RTGEKUGTCVKQUYKVJQTYKVJQWVCFFKVKXGKPLGEVKQP6JGXCTKQWURQUUKDNGFGNKXGT[CPFDNGPFKPI
HWPEVKQPUQHVJG&CP.QCFCTGEQPVTQNNGFD[QRGTCVQTUGNGEVCDNGTGEKRGU RTGFGHKPGFFGNKXGT[
EQPVTQNRTQEGFWTGU #FFKVKXGKPLGEVKQPKUEQPVTQNNGFD[OCPWCNUGNGEVKQPTGEKRGUGNGEVKQPQT
CWVQOCVKEUGNGEVKQPHTQOCVGTOKPCNCWVQOCVKQPU[UVGO6JGUGHGCVWTGUCNNQYQPG&CP.QCF
CPF VJG CUUQEKCVGF NKSWKF FGNKXGT[ GSWKROGPV VQ FGNKXGT OCP[ FKHHGTGPV EQODKPCVKQPU QH NKSWKF
RTQFWEVUDCUGFQPTGSWKTGOGPVUQHVJGENKGPVQTTGEGKXGTQHVJGFGNKXGTGFRTQFWEV
1PGEQOOQPCRRNKECVKQPHQTC&CP.QCFKUCUCPQPUKVGEQPVTQNNGTHQTFGNKXGTKPITGHKPGF
J[FTQECTDQPNKSWKFRTQFWEVUHTQONQCFKPIVGTOKPCNUVQTCIGVCPMUVQOQDKNGVCPMUUWEJCUVCPMGT
VTWEMU TCKN VCPM ECTU CPF VCPM DCTIGU 5QOG QVJGT CRRNKECVKQPU KPENWFG NKSWKF EQORQPGPV
DNGPFKPICPFQTCFFKVKXGKPLGEVKQPKPTGHKPGT[QTEJGOKECNRNCPVRTQEGUUGU+PCFFKVKQPNKSWKF
EQORQPGPVUECPDGDNGPFGFYKVJQTYKVJQWVCFFKVKXGKPLGEVKQPKPVQHNQYKPIRKRGNKPGUQTKPVQUVQTCIG
VCPMU#V[RKECNNQCFTCEMKPUVCNNCVKQPYKVJC&CP.QCFCPFCUUQEKCVGFGSWKROGPVKUUJQYP
KP(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
(KIWTG
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
(WPEVKQPCN%JCTCEVGTKUVKEU
6JGHWPEVKQPCNEJCTCEVGTKUVKEUCPFECRCDKNKVKGUQHVJG&CP.QCFCTGRTGUGPVGFKPVJKUUGEVKQP
6JGUGHWPEVKQPCNEJCTCEVGTKUVKEUCPFECRCDKNKVKGUCTGENQUGN[TGNCVGFVQVJGJCTFYCTGEQPHKIWTCVKQP
QHVJGKPUVTWOGPV5GEVKQP*CTFYCTG%QPHKIWTCVKQPEQPVCKPUIGPGTCNKPHQTOCVKQPQPVJG
JCTFYCTGEQPHKIWTCVKQPQHVJG&CP.QCF6JG&CP.QCFKUFGNKXGTGFHTQOVJGHCEVQT[
YKVJUGXGTCNDCUKEGNGEVTQPKEOQFWNGUCPFQVJGTQRVKQPCNOQFWNGUVQCEEQOOQFCVGRTQEGUUKPRWV
QWVRWVUKIPCNU6JGTGSWKTGFRTQEGUUKPRWVQWVRWVUKIPCNDQCTFUCTGFGVGTOKPGFD[VJGNQCFKPI
U[UVGOEQPHKIWTCVKQPCPFUJQWNFDGURGEKHKGFYJGPVJG&CP.QCFKURWTEJCUGF6JGOKZQH
RTQEGUUKPRWVQWVRWVUKIPCNDQCTFUCPFEQOOWPKECVKQPUOQFWNGUKUHKGNFTGEQPHKIWTCDNG6JG
JCTFYCTGEQPHKIWTCVKQPFGVGTOKPGUVJGKPRWVQWVRWVRTQEGUUUKIPCNJCPFNKPIECRCEKV[CPFVJGFCVC
NQIIKPIFCVCEQOOWPKECVKQPUECRCDKNKV[QHVJGKPUVTWOGPV6JGHNQYOGCUWTGOGPVCPFNQIKECN
HWPEVKQPU NKUVGF DGNQY CTG CXCKNCDNG KP CNN JCTFYCTG EQPHKIWTCVKQPU QH VJG &CP.QCF
*QYGXGTGCEJWPKSWGKPUVCNNCVKQPTGSWKTGUCURGEKHKEEQORNGOGPVQHRTQEGUUKPRWVQWVRWVUKIPCN
DQCTFUDCUGFQPVJGCEVWCNFGXKEGUVJCVCTGOQPKVQTGFCPFEQPVTQNNGFKPVJGU[UVGO
6JG&CP.QCFECPOQPKVQTCPFEQPVTQNQRGTCVKQPQHWRVQHQWTHNQYOGVGTUWRVQHQWTHNQY
EQPVTQNXCNXGUFGNKXGT[QHWRVQHQWTRTQFWEVUCPFWRVQUKZCFFKVKXGKPLGEVQTUCPFCFFKVKXG
OGVGTUUKOWNVCPGQWUN[6JGOKPKOWOEQPHKIWTCVKQPEQPUKUVUQHQPGHNQYOGVGTOGCUWTKPIQPG
EQORQPGPV NKSWKFRTQFWEV 6YQJKIJTGUQNWVKQPRWNUGRGTWPKVXQNWOGQWVRWVUCTGRTQXKFGFHQT
WUGD[GZVGTPCNGSWKROGPVUWEJCUOGVGTRTQXGTEQWPVGTU2TQFWEVFGNKXGTKGUCPFEQORQPGPV
DNGPFKPIFGNKXGTKGUCTGUGNGEVGFD[WRVQVJKTV[EQPHKIWTCDNGTGEKRGU DCVEJFGNKXGT[DNGPFKPI
EQPVTQNRTQEGFWTGU CPFCWVQOCVKEQTOCPWCNUGNGEVKQPQHCFFKVKXGKPLGEVKQP#P[CFFKVKXG U ECP
DG CUUQEKCVGF YKVJ CP[ TGEKRG U 6JG CEVWCN KORNGOGPVCVKQP QH VJG XCTKQWU RQUUKDNG RTQEGUU
QRGTCVKQPUCTGEQXGTGFKPFGVCKNKPQVJGTUGEVKQPUQHVJKUOCPWCN
$CVEJ&GNKXGT[
6JG&CP.QCFECPCWVQOCVKECNN[OGCUWTGCPFEQPVTQNSWCPVKV[DCUGFRTGUGVDCVEJFGNKXGT[
QHQPGRTQFWEVQTCDNGPFQHVYQVQHQWTNKSWKFEQORQPGPVU&WTKPIDNGPFKPIQRGTCVKQPUQPGVQ
HQWTHNQYOGVGTUVTGCOUCTGEQPVTQNNGFKPFGRGPFGPVN[HTQOVJGQVJGTHNQYOGVGTUVTGCOU#P[
EQODKPCVKQPQHRWNUGQWVRWVV[RGHNQYOGVGTUQHFKHHGTGPVUK\GUCPFHNQYJCPFNKPIECRCEKVKGUECP
DGOQPKVQTGFCPFEQPVTQNNGFD[QPG&CP.QCF'CEJHNQYOGVGTUVTGCOECPJCXGWPKSWG
EJCTCEVGTKUVKEUHQTVJGNKSWKFEQORQPGPV(QTCEEQWPVKPICPFVTCEMKPIRWTRQUGUCDCVEJFGNKXGT[
QTITQWRQHEQPUGEWVKXGDCVEJFGNKXGTKGUECPDGEQODKPGFVQHQTOQPGVTCPUCEVKQP
+PCFFKVKQPVJG&CP.QCFECPEQPVTQNDCVEJNQCFKPIQHWRVQHQWTKPFGRGPFGPVNQCFKPICTOU
KHQPN[QPGNQCFKPICTOKUKPWUGCVCP[QPGVKOG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$NGPFKPI
6JG &CP.QCF ECP CWVQOCVKECNN[ OGCUWTG CPF EQPVTQN ITQUU QT UVCPFCTF SWCPVKV[ DCUGF
DNGPFKPI QH UGXGTCN NKSWKF EQORQPGPVU %QORQPGPV DNGPFKPI ECP DG RGTHQTOGF D[ QPG QH VJG
HQNNQYKPIUGNGEVCDNGOGVJQFU
5GSWGPVKCNCWVQOCVKEDNQEMXCNXGEQPVTQN
5GSWGPVKCNOCPWCNDNQEMXCNXGEQPVTQN
+PNKPGRTQRQTVKQPCN
+PNKPGPQPRTQRQTVKQPCN
5GSWGPVKCNDNGPFKPIKUVJGOKZKPIQHVYQVJTGGQTHQWTEQORQPGPVUQTVTCPUHGTUQPGEQORQPGPV
CVCVKOGVQVJGTGEGKXKPIVCPMD[WUKPIDNQEMXCNXGUGKVJGTCWVQOCVKECNN[QTOCPWCNN[EQPVTQNNGF
%QORQPGPVUCTGFGNKXGTGFKPCVKOGUGSWGPEGVJTQWIJQPGHNQYOGVGTHNQYEQPVTQNXCNXGUVTGCO
+PNKPGDNGPFKPIKUVJGOKZKPIQHVYQVJTGGQTHQWTEQORQPGPVUUKOWNVCPGQWUN[OGCUWTGFD[
KPFKXKFWCNHNQYOGVGTUHNQYEQPVTQNXCNXGUKPVQQPGEQORQUKVGFGNKXGT[UVTGCO6JGDNGPFTCVKQ
KU RTGEKUGN[ OCKPVCKPGF FWTKPI KPNKPG RTQRQTVKQPCN DNGPFKPI 6JG DNGPF TCVKQ KU TQWIJN[
OCKPVCKPGFFWTKPIKPNKPGPQPRTQRQTVKQPCNDNGPFKPI*QYGXGTVJGDNGPFTCVKQQHCEQORNGVGF
DCVEJNQCFKURTGEKUGCHVGTVJGDCVEJJCUDGGPEQORNGVGN[NQCFGF
#FFKVKXG+PLGEVKQP
6JG&CP.QCF UCFFKVKXGEQPVTQNHWPEVKQPCNKV[KUFGUKIPGFYKVJVJGHQNNQYKPIQDLGEVKXGU
2TQXKFGU TGEKRG ITQUU CPF UVCPFCTF TWPPKPI VQVCNK\GTU CPF CFFKVKXG TWPPKPI
VQVCNK\GTUVQHCEKNKVCVGRTQFWEVCPFCFFKVKXGKPXGPVQT[OCPCIGOGPV
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQXKFGU TGRQTVKPI FCVC NQIIKPI ECRCDKNKVKGU VQ HCEKNKVCVG RTQFWEV CPF CFFKVKXG
KPXGPVQT[OCPCIGOGPVCPFEQPHKIWTCVKQP
#FFKVKXGXQNWOGKUOGCUWTGFXKCC-HCEVQTRGTCFFKVKXGYJKEJKUWUGFHQTDQVJCWVJQTK\GFCPF
WPCWVJQTK\GFCFFKVKXGHNQY6JGé/WNVK4CVGêCFFKVKXGUGNGEVKQPOGVJQFCNNQYUOWNVKRNGCFFKVKXG
TCVKQU EQPEGPVTCVKQPUQHCFFKVKXG VQDGEQPHKIWTGFRGTCFFKVKXGD[EQPHKIWTKPICPCFFKVKXGTCVKQ
RGTTGEKRG6JG&CP.QCFTWPUCEWVQHH GPFQHFC[RTQEGUUKPI GXGT[JQWTUDCUGFQPVJG
EQPHKIWTGFEWVQHHJQWT6JGVQVCNK\GTCPFVJTQWIJRWVFCVCNQIUECPDGTGRTKPVGFWUKPIVJGé4GRTKPV
EWVQHHêQRVKQPKPVJGRTQITCOOQFGOGPW4GEKRGCPFCFFKVKXGTWPPKPIVQVCNK\GTUCNNQYRTQFWEV
CPFCFFKVKXGVJTQWIJRWVHQTCRCTVKEWNCTEWUVQOGTVQDGOQPKVQTGF6JGEQPHKIWTCVKQPUWOOCT[
FCVCNQIECPDGRTKPVGFHTQOVJGFKCIPQUVKEUOGPWKPVJGOCPWCNQRGTCVKPIOQFG
/GVGT2TQXKPI
6JG&CP.QCFECPDGWUGFVQRGTHQTOOCPWCNHNQYOGVGTRTQQHU6CPMRTQXGTUOCUVGT
OGVGTUQTOGEJCPKECNFKURNCEGOGPVOGVGTRTQXGUECPDGWUGFHQTHNQYOGVGTRTQXKPI
6TCPUCEVKQP5VQTCIG7UGT&GHKPGF6TCPUCEVKQP6KEMGV
8CTKQWUFCVCCEEWOWNCVGFFWTKPIGCEJDCVEJFGNKXGT[CPFITQWRUQHDCVEJFGNKXGTKGU VTCPUCEVKQP
ECP DG UGNGEVGF HQT UVQTCIG KP PQPXQNCVKNG OGOQT[ 6JKU FCVC ECP DG CESWKTGF D[ C VGTOKPCN
CWVQOCVKQPU[UVGOCPFQTRTKPVGFQPWUGTFGHKPGFRTGRTKPVGFVTCPUCEVKQPVKEMGVU6KEMGVHQTOCVU
ECPDGFGUKIPGFVQOGGVVJGWUGT UTGSWKTGOGPVU
.2)2TGUUWTG%QPVTQN
%CNKDTCVKQP/QPKVQTKPI
2TGNKOKPCT[UWRRQTVQHECNKDTCVKQPOQPKVQTKPIKURTQXKFGFKPVJGHQTOQHCé%CNKDTCVKQPHCKNWTGê
CNCTORGTOGVGTCPFCé%#./10UVCVWUêUETGGPKPVJGRTQITCOOQFG5GEVKQP#FFKVKXG
/GVGT%CNKDTCVKQPCPF%#./10RTQXKFGUCDTKGHUWOOCT[QHVJG%#./10RTQITCOEQFGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
*CTFYCTG%QPHKIWTCVKQP
6JG&CP.QCFEQPVCKPUGNGEVTQPKEOQFWNGUKPVJGHQTOQHRNWIKPRTKPVGFEKTEWKVDQCTFU6JG
DCUKEJCTFYCTGEQPHKIWTCVKQPQHVJGKPUVTWOGPVKUTGSWKTGFHQTPQTOCNQRGTCVKQP+POCP[ECUGU
VJGKPUVTWOGPVKPVJGDCUKEJCTFYCTGEQPHKIWTCVKQPJCUVJGECRCEKV[VQOQPKVQTCPFEQPVTQNVJG
DCVEJFGNKXGT[ KPUVCNNCVKQP+PQVJGTECUGUCFFKVKQPCNRTQEGUUKPRWVQWVRWVUKIPCNGZRCPUKQP
RTKPVGFEKTEWKVDQCTFUCPFQTFCVCEQOOWPKECVKQPUOQFWNGUOC[DGTGSWKTGF(NQYECNEWNCVKQPU
CPFNQIKECNEQPVTQNECRCDKNKVKGUQHVJG&CP.QCFKPVJGDCUKEJCTFYCTGEQPHKIWTCVKQPCPFVJG
HWNN[GZRCPFGFEQPHKIWTCVKQPCTGKFGPVKECN*CTFYCTGGZRCPUKQPQHVJGKPUVTWOGPVQPN[KPETGCUGU
VJGRTQEGUUUKIPCNJCPFNKPIECRCEKV[CPFQTRTQXKFGUFCVCUKIPCNJCPFNKPIECRCDKNKV[+PHQTOCVKQP
QPJCTFYCTGEQPHKIWTCVKQPKUEQPVCKPGFKP5GEVKQP+PUVCNNCVKQP6JGDCUKEEQPHKIWTCVKQPQH
C&CP.QCFKUFGUETKDGFDGNQY
+PVGITCNVGZVITCRJKEUFKURNC[CPFQRGTCVQTMG[RCFOQWPVGFKPCTWIIGFYGCVJGTRTQQH
ECUGFGUKIPGFHQTQWVUKFGKPUVCNNCVKQPKP0'%%NCUU)TQWR&&KXKUKQPJC\CTFQWU
CVOQURJGTGGPXKTQPOGPVU
1PG&%8QNVCIGRQYGTUWRRN[YKVJHCEVQT[UGNGEVCDNGRQYGTKPRWVQH8CEQT8CE
VQ*GTV\
1PG45RQTVCPFQPG45RQTV14VYQ45RQTVU
1PGHNQYOGVGTRWNUGKPRWVDQCTFCDNGVQRTQEGUUVYQHNQYOGVGTRWNUGKPRWVU VYQHNQY
OGVGTU QT +2 RWNUG KPVGITKV[ HTQO QPG HNQY OGVGT CPF RTQXKFG VYQ FKUETGVG &%
8QNVCIGEQPVTQNQWVRWVU
1PGFKUETGVG#%KPRWVQWVRWVDQCTFCDNGVQRTQEGUUVYQUVCVWUKPRWVUCPFGKIJVEQPVTQN
QWVRWVU VQ8CE
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
)GPGTCN6GTOKPQNQI[
6JGVGTOKPQNQI[WUGFVJTQWIJQWVVJKUOCPWCNKUFGHKPGFKPVJGVCDNGDGNQY5GEVKQP2TQITCO
%QFG&GHKPKVKQPUEQPVCKPUCFFKVKQPCNKPHQTOCVKQPYJKEJJGNRUENCTKH[VJGUGVGTOU5QOGQHVJG
FGHKPKVKQPUCTGDCUGFQPKPHQTOCVKQPEQPVCKPGFKP#OGTKECP2GVTQNGWO+PUVKVWVG #2+ UVCPFCTFU
CPFKPFWUVT[CEEGRVGFWUG1VJGTPCVKQPCNUVCPFCTFUWUGUKOKNCTVGTOKPQNQI[
6GTO&GHKPKVKQP
CFFKVKXG #NKSWKFVJCVKUKPLGEVGFKPVQCRTKOCT[NKSWKFEQORQPGPVKPTGNCVKXGN[UOCNN
SWCPVKVKGU WUWCNN[ NGUU VJCP HQWT RGTEGPV QH VJG FGNKXGTGF XQNWOG VQVCN
#FFKVKXGU CTG KPLGEVGF KPVQ VJG RTKOCT[ NKSWKF EQORQPGPV D[ CP KPLGEVQT
OGEJCPKUOYJKEJRNCEGUCMPQYPHKZGFXQNWOGQHVJGCFFKVKXGKPVQVJG
RTKOCT[NKSWKFEQORQPGPVUVTGCOHQTGCEJKPLGEVQTRWNUGTGEGKXGFHTQOVJG
&CP.QCF
DCVEJ #RTGUGVSWCPVKV[DCUGFRTQFWEVFGNKXGT[QTDNGPFGFEQORQPGPVFGNKXGT[
QHCUKPINGTGEKRG
DNGPFKPI 6JGRTQEGUUQHOKZKPIVYQQTOQTGNKSWKFEQORQPGPVUVQHQTOCEQORQUKVG
FGNKXGTGF UVTGCO 6JG &CP.QCF ECP EQPVTQN DNGPFKPI DCUGF QP C
RTGFGVGTOKPGFTGEKRGD[VJGUGSWGPVKCN CWVQOCVKEQTOCPWCN QTVJGKPNKPG
RTQRQTVKQPCN QT PQPRTQRQTVKQPCN OGVJQFU 6JG SWCPVKV[ QH GCEJ
EQORQPGPVKPCDNGPFKUV[RKECNN[ITGCVGTVJCPVYQVQHQWTRGTEGPVQHVJG
DNGPFGFRTQFWEV+PLGEVKQPQHXGT[UOCNNSWCPVKVKGUQHNKSWKFUNGUUVJCP
HQWTRGTEGPVQHVJGDNGPFGFRTQFWEVKUWUWCNN[EQPVTQNNGFD[VJGCFFKVKXG
KPLGEVKQPRTQEGUU
EQORQPGPV #P[ NKSWKF OGVGTGF CPF EQPVTQNNGF D[ VJG &CP.QCF .KSWKF
J[FTQECTDQPU TGHKPGF HTQO ETWFG QKN CPF .2)çU UWEJ CU RTQRCPG CTG
WUWCNN[ TGHGTTGF VQ CU RTQFWEVU %QORQPGPVU CTG DCUG RTQFWEVU QT VCPM
RTQFWEVU UVQTGF CV C FKUVTKDWVKQP VGTOKPCN 6JG EQORQPGPV KU OGCUWTGF
DGHQTGDGKPIDNGPFGFYKVJQVJGTEQORQPGPVU#FFKVKXGUOC[DGKPLGEVGF
DGHQTG WRUVTGCOQH QTCHVGT FQYPUVTGCOQH VJGEQORQPGPVOGVGT
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6GTO&GHKPKVKQP
ITQUUSWCPVKV[ 6JGKPFKECVGFSWCPVKV[VKOGUVJGOGVGTHCEVQTFGTKXGFHTQOCOGVGTRTQXKPI
QHVJGHNQYOGVGTCVCURGEKHKEHNQYTCVG
%CNEWNCVKQP ITQUUSWCPVKV[KPFKECVGFSWCPVKV[VKOGUOGVGTHCEVQT
+2 +PUVKVWVGQH2GVTQNGWOUVCPFCTF#$TKVKUJUVCPFCTFHQTRWNUGHKFGNKV[
CPFUGEWTKV[HQTRWNUGQWVRWVV[RGHNQYOGVGTU2TQITCOEQFGUCPF
FGHKPGVJGQRGTCVKQPQHVJKUHWPEVKQP 0QVG'SWKXCNGPVUVCPFCTFKU#2+
/CPWCN QH 2GVTQNGWO /GCUWTGOGPV 5VCPFCTFU %JCRVGT /GVGTKPI
5GEVKQP (KFGNKV[ CPF 5GEWTKV[ QH (NQY /GCUWTGOGPV 2WNUGF&CVC
6TCPUOKUUKQP5[UVGOU
-HCEVQT U[UVGOHCEVQT
6JGRWNUGURGTWPKVSWCPVKV[IGPGTCVGFD[CRWNUGQWVRWVV[RGHNQYOGVGT
6JG -HCEVQT KU CNUQ ECNNGF VJG U[UVGO HCEVQT 6JG PQOKPCN XCNWG KU
FGVGTOKPGFD[HNQYOGVGTFGUKIPCPFHCEVQT[YCVGTHNQYECNKDTCVKQP6JG
éCXGTCIGê-HCEVQTUHQTVJGHNQYOGVGTUCTGWUWCNN[KPFKECVGFQPVJGHNQY
OGVGTPCOGRNCVGU
NQCF =5GSWGPVKCNDNGPFKPI?+POWNVKEQORQPGPVDNGPFKPICNQCFKUVJGEQORNGVGF
FGNKXGT[ QH QPG EQORQPGPV QH C DCVEJ 6JG EQORNGVKQP QH NQCFKPI CNN
EQORQPGPVUKPVJGDCVEJEQORNGVGUVJGDCVEJFGNKXGT[+HVJGTGEKRGQPN[
NQCFUQPGEQORQPGPVCNQCFEQTTGURQPFUVQCDCVEJFGNKXGT[
=+PNKPGDNGPFKPI?'CEJEQORQPGPVQHVJGDNGPFKUNQCFGFUKOWNVCPGQWUN[
&GRGPFKPIQPVJGDNGPFTCVKQVJGNQYRTQRQTVKQPEQORQPGPVUCTGNQCFGF
EQORNGVGN[FWTKPIVJGVKOGVJCVVJGJKIJRTQRQTVKQPEQORQPGPV U CTGDGKPI
NQCFGF #HVGT NQCFKPI QH VJG JKIJGUV RTQRQTVKQP EQORQPGPV JCU DGGP
VGTOKPCVGFCNNEQORQPGPVNQCFUCPFVJGDCVEJFGNKXGT[CTGEQORNGVG
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6GTO&GHKPKVKQP
NQCFKPITKUGT 6JG TGNCVGF KPUVTWOGPVU CPF FGXKEGU NQECVGF KP C OGVGT UVTGCO VJCV
RTQXKFGVJGNKSWKFEQORQPGPVNQCFKPIECRCDKNKV[VQCOQDKNGVCPMGTXGJKENG
0QVG 6JG HNQY OGVGT RKRKPI ECP CNUQ DG KPUVCNNGF JQTK\QPVCNN[ KH
FGUKTGF
OGVGTHCEVQT #PWODGTQDVCKPGFD[FKXKFKPIVJGCEVWCNXQNWOGQHNKSWKFRCUUGFVJTQWIJ
CHNQYOGVGTFWTKPICOGVGTRTQXKPIQRGTCVKQPD[VJGXQNWOGTGIKUVGTGFD[
VJGHNQYOGVGT6JGOGVGTHCEVQTKUWUGFKPHNQYECNEWNCVKQPUVQEQTTGEVVJG
KPFKECVGF XQNWOG GPF HNQY OGVGT TGIKUVTCVKQP OKPWU UVCTV HNQY OGVGT
TGIKUVTCVKQP VQVJGQDUGTXGFITQUUXQNWOG CEVWCNHNQYOGVGTVJTQWIJRWV
CVQRGTCVKPIEQPFKVKQPU
OGVGTRTQXKPI #RTQEGFWTGWUGFVQFGVGTOKPGVJGOGVGTHCEVQTHQTCHNQYOGVGT6JG-
HCEVQT GZCEVPWODGTQHRWNUGURGTCXQNWOGWPKVVJCVCTGIGPGTCVGFD[C
HNQYOGVGT KUFGVGTOKPGFCVVJGHCEVQT[6JG-HCEVQTKUWUGFVQFGTKXGC
OCVJGOCVKECNHCEVQTMPQYPCUOGVGTHCEVQTVJCVKUWUGFVQCFLWUVTGUWNVU
QHVJGKPVGTPCNHNQYECNEWNCVKQPURGTHQTOGFD[VJG&CP.QCF 0QVG
6JG HNQY OGVGT KU PQV TGECNKDTCVGF FGVGTOKPCVKQP QH VJG OGVGT HCEVQT
CNNQYUVJGQRGTCVQTVQOCPWCNN[TGECNKDTCVGVJG&CP.QCFUQVJCVVJG
PQPCFLWUVCDNG ECNKDTCVKQP EJCTCEVGTKUVKE =RWNUGU RGT XQNWOG WPKV -
HCEVQT ?QHVJGHNQYOGVGTKUKPEQTRQTCVGFKPVQVJGHNQYECNEWNCVKQPU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6GTO&GHKPKVKQP
UVCPFCTFSWCPVKV[
6JG ITQUU SWCPVKV[ EQTTGEVGF VQ UVCPFCTF VGORGTCVWTG CPFQT RTGUUWTG
6JKUKUCSWCPVKV[OGCUWTGOGPV
%CNEWNCVKQP UVCPFCTFSWCPVKV[ITQUUSWCPVKV[VKOGU%6./ EQTTGEVKQP
HCEVQT HQT VJG GHHGEV QH VGORGTCVWTG QP VJG NKSWKF KP VJG
OGVGT VKOGU %2./ EQTTGEVKQP HCEVQT HQT VJG GHHGEV QH
RTGUUWTGQPVJGNKSWKFKPVJGOGVGT
RGTOKUUKXG # FKUETGVG UKIPCN HTQO C FGXKEG VJCV KU KPRWV VQ C FKUETGVG KPRWV KP VJG
&CP.QCF6JGUKIPCNKUWUGFD[VJG&CP.QCFVQCNNQYCRTQFWEV
FGNKXGT[VQDGKPKVKCVGFQTCNNQYCRTQFWEVFGNKXGT[VQEQPVKPWG2GTOKUUKXG
EQPVCEVUCTG%.15'&KPVJGPQTOCNQTUCHGUVCVGCPF12'0KPVJGCDPQTOCN
QTWPUCHGUVCVG
RTGUGV # IGPGTKE VGTO VJCV FGUETKDGU VJG HWPEVKQPCN KPUVTWOGPV ITQWR QH VJG
&CP.QCF6JGVGTOQTKIKPCVGFHTQOOGEJCPKECNCPFGNGEVTKECNRTGUGV
EQWPVGTU 6JG &CP.QCF RTQXKFGU OWEJ OQTG XGTUCVKNKV[ CPF
ECRCDKNKV[EQORCTGFVQCUKORNGOGEJCPKECNQTGNGEVTKECNRTGUGVEQWPVGT
RTQITCOEQFG 1PG QH CRRTQZKOCVGN[ RCTCOGVGTU VJCV FGHKPG VJG QRGTCVKQP QHVJG
&CP.QCF#NNRTQITCOEQFGUCTGFGHKPGFKP5GEVKQP
SWCPVKV[ GZCORNGITQUUUVCPFCTFSWCPVKV[
6JG TGUWNVKPI COQWPV QH RTQFWEV OGCUWTGF CHVGT EQORGPUCVKQP HQT
QRGTCVKQPCN VGORGTCVWTG CPF RTGUUWTG KPFKECVGF KP QPG QH VJG HQNNQYKPI
EQTTGEVGFWPKVUEWDKEOGVGTUNKVGTUDCTTGNUICNNQPU
VTCPUCEVKQP )TQWRQHQPGQTOQTGEQPUGEWVKXGDCVEJFGNKXGTKGUHQTCEEQWPVKPIRWTRQUGU
6JGDCVEJGUVJCVEQORTKUGCVTCPUCEVKQPCNYC[UWUGQPGTGEKRGQPGCFFKVKXG
UGNGEVKQP CPF QPG NQCFKPI UKFG #P GZCORNG QH C VTCPUCEVKQP KU VJG
FGNKXGT[QHOWNVKRNGDCVEJGUVQFKHHGTGPVEQORCTVOGPVUKPCUKPINGVCPMGT
XGJKENG
+PVTQFWEVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6GTO&GHKPKVKQP
XQNWOG GZCORNGKPFKECVGFXQNWOGITQUUXQNWOG
6JGCEVWCNURCEGQEEWRKGFD[VJGRTQFWEVOGCUWTGFKPFKECVGFKPQPGQHVJG
HQNNQYKPICEVWCNWPKVUEWDKEOGVGTUNKVGTUDCTTGNUICNNQPU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PVTQFWEVKQP
5GEVKQP
+PUVCNNCVKQP
5RGEKHKECVKQPU
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0QVG
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OCPWCNN[GPVGTGFVQRTQXKFGCTGEQTFQHURGEKHKE&CP.QCFKPUVCNNCVKQPU
6JKUUGEVKQPEQPVCKPU&CP.QCFURGEKHKECVKQPUCPFKPHQTOCVKQPQPKPUVCNNCVKQPQHVJG&CP.QCF
+PUVCNNCVKQPVCUMUUJQWNFDGRGTHQTOGFKPVJGHQNNQYKPIQTFGT
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KURNCEGFKPUGTXKEG6JGKPKVKCNUGVWRECPDGRGTHQTOGFYKVJQPN[CQT8CERQYGTUQWTEG
EQPPGEVGFVQVJGKPUVTWOGPV
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&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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RNCPPKPICPFU[UVGOFGUKIP6JGUGYQTMUJGGVUCTGWUGFKPEQPLWPEVKQPYKVJVJG5GVWR2TQEGFWTG
FGUETKDGFKP5GEVKQP+PUVCNNCVKQPRNCPPKPIEQPUKUVUQHVJGHQNNQYKPIVJTGGOCLQTVCUMU
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ECIGKUNQECVGFKPUKFGVJGECUVGPENQUWTG6JGNC[QWVQHVJGECTFECIGKUUJQYPKP(KIWTG6JG
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YGCVJGTRTQQHGPENQUWTGYKVJCUGCNGFTGCTEWVQWVHQTRNCEGOGPVQXGTVJGQRGTCVQT
RCPGN7UGECTGKPVJGFGUKIPQHCP[JKPIGFEQXGTUQVJCVYKPFIWUVUFQPQVOQXG
VJGEQXGTCPFECWUGKPLWTKGU#P[EQXGTFGUKIPOWUVCNNQYHQTOCKPVGPCPEGCEEGUU
VQVJG&CP.QCF6JGQRGTCVQTRCPGNKUJKPIGFVQQRGPKPVJGFQYPFKTGEVKQP
HQTOCKPVGPCPEGCEEGUU
*KIJJWOKFKV[+PCTGCUQHEQPVKPWQWUJKIJJWOKFKV[KVKUCFXKUCDNGVQRNCEGC
KPEJ Z KPEJ FGUKEECPV RCEM KPUKFG VJG &CP.QCF ECUG &GUKEECPV RCEMU
UJQWNFDGRNCEGFUQVJCVGZRCPUKQPFWGVQOQKUVWTGCDUQTRVKQPFQGUPQVKPVGTHGTG
YKVJCP[QHVJGGSWKROGPVQTYKTKPIKPUKFGVJGECUG6YQUQWTEGUQHFGUKEECPV
RCEMUCTG
9CVGTIWCTF&GUKEECPVU # %QTRQTCVKQP
21$QZ 2TCKTKGXKNNG.QWKUKCPC
+'CUV5WKVG
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&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
'NGEVTKECN+PUVCNNCVKQP
9CTPKPI
5JWVQHHCNNUQWTEGUQH#%CPF&%RQYGTVQVJGNQCFKPIKUNCPFUKVGDGHQTGKPUVCNNKPIVJG
&CP.QCF
)GPGTCN%QPUKFGTCVKQPU
7UGVYQQTVJTGGECDNGGPVTKGURTQXKFGFQPVJGDQVVQOQHVJGGPENQUWTGHQTYKTKPICEEGUUVQVJG
&CP.QCF
0QVG
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UGCNKPIRQVVKPIEQORQWPF
)WKFGNKPGUHQTHKGNFYKTKPIKPUVCNNCVKQP
'ZVGTPCN#%CPF&%YKTKPIOWUVDGTQWVGFKPUGRCTCVGEQPFWKVU
4GEQTFECDNGYKTGTQWVKPICPFKPVGTEQPPGEVKQPKPHQTOCVKQPUQVJCVCUDWKNVFQEWOGPVCVKQP
HQTVJGU[UVGOECPDGIGPGTCVGFNCVGT
2TQXKFGTGOQVGEKTEWKVDTGCMGTUCPFQRVKQPCNFKUEQPPGEVUYKVEJGUHQTCNN#%CPF&%RQYGT
KPRWVEKTEWKVU
(QNNQYRQYGTCPFUKIPCNHKGNFYKTKPIITQWPFKPIUVCPFCTFU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PUVCNNCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
7UGQPN[UVTCPFGFEQRRGTYKTGGSWCNVQQTNCTIGTICWIGUCUKPFKECVGFQPVJGDCUKEYKTKPI
FKCITCOUNQECVGFCVVJGTGCTQHVJKUUGEVKQPFQPQVEWVQTYGCMGPYKTGUVTCPFUFWTKPI
KPUWNCVKQPTGOQXCN
#NNYKTGGPFUUJQWNFDGENGCTN[OCTMGFYKVJUNKRQPYKTGVCIUQTUKOKNCTFGXKEGUVJGYKTG
VCIUUJQWNFRTGHGTCDN[DGEQNQTEQFGFVQKPFKECVGVJGXQNVCIGNGXGNCPFOCTMGFYKVJVJG
URGEKHKEUKIPCNPCOG
2QYGTCPFUKIPCNYKTGUUJQWNFDGEWVYKVJCPCFFKVKQPCNNGPIVJQHCRRTQZKOCVGN[KPEJGU
HQTUGTXKEGNQQRUVQCNNQYVGTOKPCNDQCTFEQPPGEVQTTGOQXCN
#NN YKTKPI UJQWNF DG RQUKVKQPGF YKVJKP VJG WPKV VQ CXQKF WPPGEGUUCT[ ETKORKPI CPF
QXGTETQYFKPICPFVQKPUWTGRTQRGTENGCTCPEGHQTVJGKPUVTWOGPVFQQTCPFJKPIGU
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KPRWVQWVRWVUKIPCNUCTGEQTTGEVN[EQPPGEVGFCVVJG&CP.QCFVGTOKPCVKQPUCPFCVVJG
VGTOKPCVKQPUNQECVGFQPVJGEQTTGURQPFKPIHKGNFFGXKEG
5GNGEVKQP+PUVCNNCVKQPQH'NGEVTKECN9KTGCPF%CDNG
#NNYKTKPIOWUVEQPHQTOVQVJG0CVKQPCN'NGEVTKECN%QFGNQECNUVCVGQTQVJGTLWTKUFKEVKQPCPF
EQORCP[UVCPFCTFUCPFRTCEVKEGU4GEQOOGPFCVKQPUHQT8CERQYGTYKTKPI
7UGOWNVKUVTCPFEQRRGTEQPFWEVQTYKTGCPFECDNGHQTEQPPGEVKPIVJG&CP.QCFVQVJG
RQYGTUQWTEGCPFVJGHKGNFFGXKEGU
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4GEQOOGPFGFYKTGV[RGUCPFUK\GUHQT#%RQYGTKPRWVVQVJG&CP.QCF
2QYGTHGGFUJQWNFDGQT8CEVQ*GTV\UKPINGRJCUGVJTGGYKTG
# #OR EKTEWKV DTGCMGT CPF QRVKQPCNN[ C RQYGT FKUEQPPGEV UYKVEJ OWUV DG
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9KTGUK\G#9)HQTRQYGTHGGFHQTFKUVCPEGUWRVQHGGV
9KTGUK\G#9)HQTRQYGTHGGFHQTFKUVCPEGUQHVQHGGV
9KTGUK\G#9)HQTRQYGTHGGFHQTFKUVCPEGUQHVQHGGV
%QPVCEV&CPKGN+PFWUVTKGU+PE%WUVQOGT5GTXKEG'NGEVTQPKEU&KXKUKQPHQT
RQYGTHGGFFKUVCPEGUITGCVGTVJCPHGGV
+PUVCNNCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5KPINGEQPFWEVQTYKTKPIOWUVDG6*90V[RGYJKEJKUOQKUVWTGCPFJGCVTGUKUVCPV
VJGTOQRNCUVKEYKVJP[NQPLCEMGVCRRTQXGFHQTFT[CPFYGVNQECVKQPUCPFJCUC
OCZKOWOQRGTCVKPIVGORGTCVWTGQHFGITGGU%GNUKWU FGITGGU(CJTGPJGKV
6JGYKTGQTECDNGLCEMGVOWUVEQPVCKPVJG7PFGTYTKVGTU.CDQTCVQTKGU+PEOCTM
HQT)CUQNKPGCPF1KN4GUKUVCPV++
5JKGNFGF YKTGU CPF ECDNGU HQT OGVGT RWNUG UKIPCNU OWUV JCXG UJKGNFFTCKP YKTGU 6JG
UJKGNFFTCKPYKTGUOWUVPQVDGOQTGVJCPVYQ#9)UK\GUUOCNNGTVJCPVJGEQPFWEVQTUHQT
VJGECDNG6JGUJKGNFFTCKPYKTGOWUVDGEQPPGEVGFVQITQWPFCVQPN[QPGGPFQHVJGTWP
45UGTKCNFCVCUKIPCNUUJQWNFDGEQPPGEVGFXKCVYQVYKUVGFRCKTUYKVJQXGTCNNUJKGNF
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VQGCEJFGXKEGKUCTGEQOOGPFGFQRVKQP%CRCEKVCPEGITGCVGTVJCPR(RGTHQQVOC[DG
WUGFCVTGFWEGFDCWFTCVGUCPFQTYKVJUJQTVGTFCVCEQOOWPKECVKQPECDNGTWPU5GGV[RKECN
EQOOWPKECVKQPUEQPPGEVKQPFTCYKPIUKP#RRGPFKZ'
45UKPINGGPFGFUGTKCNFCVCUKIPCNUUJQWNFDG#9)VQ#9)HQTECDNGNGPIVJU
VQOGVGTU HGGV %QPUWNVHCEVQT[HQTECDNGNGPIVJUITGCVGTVJCPOGVGTU
#NNECDNGUOWUVJCXGGKVJGT6GHNQPQT28%GZVGTKQTLCEMGV
+PUWNCVGF YKTG CPF ECDNG OWUV DG KPUVCNNGF KP CEEQTFCPEG YKVJ VJG OCPWHCEVWTGT U
TGEQOOGPFCVKQP/CZKOWOYKTGVGPUKQPOCZKOWOKPUWNCVKQPRTGUUWTGCPFOKPKOWO
DGPFKPITCFKWUOWUVPQVDGGZEGGFGF
7UGUWKVCDNGNWDTKECVKQPFWTKPIYKTGRWNNUKPEQPFWKVVQRTGXGPVYKTGUVTGUU
#NN ECDNGU CPF KPFKXKFWCN YKTGU OWUV JCXG ECDNG QT YKTG OCTMGTU CV GCEJ VGTOKPCVKQP
/CTMGTUOWUVEQPVCKPVJGURGEKHKEYKTGQTECDNGEQFGUFGUKIPCVGFHQTVJCVRCTVKEWNCTEKTEWKV
6JGYKTGCPFECDNGOCTMGTUOWUVDGNGIKDNGCPFRGTOCPGPV
%JGEMCNNYKTKPIEQPPGEVGFVQVJG&CP.QCFHQTEQPVKPWKV[RTQRGTUK\GCPFRTQRGT
ENCUUKHKECVKQP8GTKH[VJGUQWTEGQTFGUVKPCVKQPQHGCEJEKTEWKVDGHQTGEQPPGEVKQPVQVJG
&CP.QCFCPFTGNCVGFFGXKEGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PUVCNNCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+PRWV1WVRWV(KGNF5KIPCN9KTKPI
4GEQOOGPFCVKQPUHQTRTQEGUUUKIPCNYKTKPI
/GVCNEQPFWKVOWUVDGWUGFHQTCNNRTQEGUUUKIPCNYKTKPI
7UGUGRCTCVGEQPFWKVUHQT#%8QNVCIGCPF&%8QNVCIGEKTEWKVU
#NNRTQEGUUUKIPCNYKTKPIOWUVDGCUKPINGEQPVKPWQWUNGPIVJDGVYGGPHKGNFFGXKEGUCPF
VJG&CP.QCFWPNGUUVJGNGPIVJCPFQTEQPFWKVTWPUTGSWKTGVJCVOWNVKRNGRWNNUDG
OCFG+PVJGUGKPUVCPEGUVJGKPFKXKFWCNEQPFWEVQTUOWUVDGKPVGTEQPPGEVGFYKVJUWKVCDNG
VGTOKPCNDNQEMU
'NGEVTKECN)TQWPFU
4GEQOOGPFCVKQPUHQTGNGEVTKECNITQWPFU
#ENCORV[RGITQWPFNWIKUNQECVGFQPVJGQWVUKFGQHVJGECUGCVVJGTGCTQHVJGNQYGTTKIJV
HCEKPIVJGQRGTCVQTRCPGN ECUVKPITKD6JKUITQWPFRQKPVUJQWNFDGEQPPGEVGFVQCEQRRGT
ITQWPFTQFCUFGUETKDGFDGNQY
4GUKUVCPEGDGVYGGPVJGEQRRGTENCFUVGGNITQWPFTQFCPFVJGGCTVJITQWPFOWUVPQVGZEGGF
1JOU+HPGEGUUCT[CFFKVKQPCNITQWPFTQFUOC[DGFTKXGPKPVQVJGITQWPFYJKNGC
URCEKPIQHPQVNGUUVJCPHGGVKUWUGFVQUGRCTCVGGCEJQHVJGITQWPFTQFU#FFKVKQPCNN[
VJGITQWPFTQFUOWUVDGKPVGTEQPPGEVGFYKVJCEQPVKPWQWUUVTCPFGFYKTGUK\GFCUKPFKECVGF
DGNQY
+PUVCNNCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
9JGP UGXGTCN &CP.QCF WPKVU CTG NQECVGF KP ENQUG RTQZKOKV[ GCEJ UKPING RQKPV
GSWKROGPV ITQWPF OWUV DG KPVGTEQPPGEVGF VQ VJG UKPING RQKPV ITQWPFU QH VJG QVJGT
&CP.QCFWPKVU6JGUGKPVGTGPENQUWTGGSWKROGPVITQWPFKPIEQPPGEVKQPUOWUVDGOCFGKP
CFCKU[EJCKPHCUJKQPYKVJQPN[QPGRQKPVQHVJGITQWPFKPIFCKU[EJCKPDGKPIEQPPGEVGFVQ
VJGCEVWCNITQWPFTQF
6JGGSWKROGPVITQWPFKPIEQPFWEVQTUWUGFDGVYGGP&CP.QCFWPKVUCPFVJGEQRRGT
ENCFUVGGNITQWPFTQFQTHQTKPVGTGPENQUWTGGSWKROGPVITQWPFEQPPGEVKQPUOWUVDGUK\GF
CEEQTFKPIVQVJGHQNNQYKPIURGEKHKECVKQPU
5VTCPFGFKPUWNCVGFEQRRGTYKTGUK\G#9)HQTFKUVCPEGUQHNGUUVJCPHGGV
5VTCPFGFKPUWNCVGFEQRRGTYKTGUK\G#9)HQTFKUVCPEGUQHVQHGGV
5VTCPFGFKPUWNCVGFEQRRGTYKTGUK\G#9)HQTFKUVCPEGUQHVQHGGV
#NNKPVGTGPENQUWTGGSWKROGPVITQWPFKPIEQPFWEVQTUOWUVDGRTQVGEVGFD[OGVCNNKE
EQPFWKV
5JKGNFFTCKPYKTGUOWUVDGEQPPGEVGFVQITQWPFCVQPN[QPGGPFQHVJGUJKGNFGF
EQPFWEVQTTWP
'ZVGTPCNGSWKROGPVUWEJCUFCVCRTKPVGTUQTVGTOKPCNCWVQOCVKQPU[UVGOUYJKEJ
CTGEQPPGEVGFVQVJG&CP.QCFOWUVDGRQYGTGFXKCKUQNCVKQPVTCPUHQTOGTU
VQOKPKOK\GVJGITQWPFNQQRUECWUGFD[VJGKPVGTPCNN[UJCTGFUCHGV[CPFEJCUUKU
ITQWPFU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PUVCNNCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GNGEVKQP+PUVCNNCVKQPQH9KTG%QPFWKV
4GEQOOGPFCVKQPUHQTEQPFWKVKPUVCNNCVKQP
#NNEQPFWKVCPFVJGCUUQEKCVGFCUUGODN[CPFKPUVCNNCVKQPOCVGTKCNUWUGFHQTVJGKPUVCNNCVKQP
QHVJG&CP.QCFOWUVDGKPPGYEQPFKVKQPCPFUJCNNCFJGTGVQVJGOCPWHCEVWTGT U
SWCNKV[UVCPFCTFU
6JGEQPFWKVKPUVCNNCVKQPOWUVDGXCRQTVKIJVYKVJVJTGCFGFJWDHKVVKPIUUGCNGFEQPFWKV
LQKPVUCPFICUMGVUQPEQXGTUQTQVJGTCRRTQXGFXCRQTVKIJVEQPFWKVHKVVKPIU
%QPFWKVEWVQHHUOWUVDGUSWCTG%WVQHHUOWUVDGOCFGD[CEQNFEWVVKPIVQQNJCEMUCY
QTD[UQOGQVJGTCRRTQXGFOGCPUVJCVFQGUPQVFGHQTOVJGEQPFWKVGPFUQTNGCXGUJCTR
GFIGU
#NNEQPFWKVHKVVKPIVJTGCFUKPENWFKPIHCEVQT[EWVVJTGCFUOWUVDGEQCVGFYKVJCOGVCN
DGCTKPIEQPFWEVKPIITGCUGUWEJCU%TQWUG*KPFU56.QTGSWKXCNGPVRTKQTVQCUUGODN[
6GORQTCTKN[ ECR VJG GPFU QH CNN EQPFWKV TWPU KOOGFKCVGN[ CHVGT KPUVCNNCVKQP VQ RTGXGPV
CEEWOWNCVKQPQHYCVGTFKTVQTQVJGTEQPVCOKPCPVU%QPFWKVUOWUVDGUYCDDGFQWVRTKQT
VQKPUVCNNKPIVJGEQPFWEVQTU
9JGTGCRRNKECDNGGZRNQUKQPRTQQHUGCNUOWUVDGKPUVCNNGFKPVJGEQPFWKV
+PUVCNNFTCKPHKVVKPIUCVVJGNQYGUVRQKPVKPVJGEQPFWKVTWPKPUVCNNUGCNUCVVJGRQKPVQHGPVT[
VQVJG&CP.QCFVQRTGXGPVXCRQTRCUUCIGCPFCEEWOWNCVKQPQHOQKUVWTG
7UGNKSWKFVKIJVEQPFWKVHKVVKPIUUWEJCU/[GTU5ETWVKVGQTUKOKNCTHQTEQPFWKVYJKEJ
KUGZRQUGFVQOQKUVWTG
+PUVCNNCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+PUVCNNKPIVJG5GEQPFCT[-G[RCF&KURNC[
*CTFYCTG5GVWR%QPHKIWTCVKQP
4GHGTVQ(KIWTG5GEQPFCT[-G[RCF&KURNC[%QPPGEVKQPU
6JGRTKOCT[FKURNC[MG[RCFKUEQPPGEVGFVQ2QPVJG%27DQCTF6JGUGEQPFCT[FKURNC[MG[RCF
KUEQPPGEVGFVQ2QPVJG%27DQCTF
6JGLWORGT 9 QPVJGUGEQPFCT[MG[RCFDQCTFKUKPUVCNNGFVQTGEQIPK\GVJGMG[EQFGUHTQOVJG
UGEQPFCT[MG[RCF6JGLWORGT 9 QPVJGRTKOCT[MG[RCFDQCTFUJQWNFPQVDGKPUVCNNGF
+PVGTHCEG$QCTF (WPEVKQP
4GOQVGFKURNC[
4GOQVGUVCTVUVQR
4GOQVGUVCTVUVQRCPFTGOQVG
FKURNC[
5QHVYCTG5GVWR%QPHKIWTCVKQP
6JG&CP.QCFCWVQEQPHKIWTGUCP[EQPPGEVGFFKURNC[MG[RCFOQFWNGUCVRQYGTWRTGUGVQH
VJG%27DQCTF6JG[GNNQY VQR CPFTGF DQVVQO .'& U NQECVGFVQVJGTKIJVQHVJGFKURNC[
UJQWNFDNKPMQPQHH QPEG LWUVDGHQTGVGZVCRRGCTUQPVJGFKURNC[6JGFKURNC[UMG[RCFOQFWNGU
UJQWNFPQVDGRQYGTGFQPQHHKPFGRGPFGPVN[QHVJG%27DQCTFVJG[UJQWNFDGRQYGTGFWRRTKQT
VQQTCVVJGUCOGVKOGCUVJG%27DQCTF
6JG RTKOCT[ CPF UGEQPFCT[ MG[RCFFKURNC[ OQFWNGU JCXG KPFGRGPFGPVN[ EQPVTQNNGF CWVQOCVKE
DCEMNKIJVKPICPFEQPVTCUVCFLWUVOGPV6JGRTKOCT[.%&V[RG RTQITCOEQFG CPFUGEQPFCT[
.%&V[RG RTQITCOEQFG UJQWNFDGEQPHKIWTGFCRRTQRTKCVGN[HQTGCEJ
6JGRTKOCT[CPFUGEQPFCT[FKURNC[URTGUGPVVJGUCOGKPHQTOCVKQPUKOWNVCPGQWUN[*QYGXGTQPN[
QPGMG[RCF RTKOCT[QTUGEQPFCT[ KUCEVKXGCVCVKOG6JGCEVKXGMG[RCFKUEQPVTQNNGFD[VJG
UYKPICTOUYKVEJGU 59CPF59 QPVJG%27DQCTFCPFVJGEQPHKIWTGFUKFGFGVGEVOGVJQF
RTQITCO EQFG # XGTUKQP QH VJG TGOQVG FKURNC[ KPVGTHCEG CNUQ KPEQTRQTCVGU C TGOQVG
5VCTV5VQRHGCVWTG CUUO #UGEQPFXGTUKQPQHVJGDQCTFJCUQPN[VJG5VCTV5VQR
HGCVWTG CUUO 6JGHKGNFYKTKPIHQTDQVJDQCTFUKUUJQYPKP#RRGPFKZ'
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PUVCNNCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
9KTKPI&GVCKNU
6JGECDNGVJCVEQPPGEVUVJGKPVGTHCEGECTFUTGSWKTGUEQPFWEVQTUOKPKOWOYKTGUK\G#9)
6JGOCZKOWONGPIVJQHVJGECDNGUJQWNFDGHGGV OGVGTU
2QYGT4GSWKTGOGPVU
6JGUVCPFCTFGPENQUWTGHWTPKUJGUCNKPG2QYGT5WRRN[YJKEJECPDGQT8#%VQ
*<6JGFKURNC[MG[RCFOQFWNGURQYGTTGSWKTGOGPVKU8&%OKPKOWOCVCORGTGU
+PUVCNNCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GEQPFCT[-G[RCF&KURNC[%QPPGEVKQPU
(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+PUVCNNCVKQP
5GEVKQP
5GVWR
1RGTCVQT+PVGTHCEG
+PKVKCN5GVWR2TQEGFWTG
5KIPCN*CPFNKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVG
#RRGPFKZ#EQPVCKPUUGXGTCNVCDNGUYKVJFCVCQPVJGRJ[UKECNCPFHWPEVKQPCNEQPHKIWTCVKQPQH
VJG&CP.QCF6JGUGVCDNGUECPDGRJQVQEQRKGFCPFWPKSWGEQPHKIWTCVKQPFCVCECPDG
OCPWCNN[GPVGTGFVQRTQXKFGCTGEQTFQHURGEKHKE&CP.QCFKPUVCNNCVKQPU
6JKU UGEVKQP EQPVCKPU KPHQTOCVKQP QP VJG KPKVKCN UGVWR CPF EQPHKIWTCVKQP QH VJG &CP.QCF
2TGUGV #P[ EQODKPCVKQP QH WR VQ HQWT HNQY OGVGTU WR VQ HQWT EQORQPGPVU CPF WR VQ UKZ
CFFKVKXGUECPDGFGHKPGFCPFEQPVTQNNGF#OKPKOWOQHQPGHNQYOGVGTCPFQPGEQORQPGPVOWUV
DGFGHKPGF6JGWUGTRGTHQTOUVJGKPKVKCNUGVWRQHVJG&CP.QCFXKCVJGQRGTCVQTEQPVTQN
RCPGND[HQNNQYKPICPCWVQOCVKEUGSWGPEGQHFKURNC[GFRTQORVUCPFMG[RTGUUTGURQPUGU
6JGKPKVKCNUGVWRTQWVKPGKUCIGPGTCNRTQEGFWTGVJCVEQODKPGUVJGDCUKEEQPHKIWTCVKQPQHVJG
KPUVTWOGPVYKVJCVWVQTKCNHWPEVKQPVJCVHCOKNKCTK\GUVJGWUGTYKVJVJGOGVJQFUQHEJCPIKPIXCNWGU
QHRTQITCOEQFGU6JGKPKVKCNUGVWRRTQEGFWTGFQGUPQVEQXGTCNNVJGFKHHGTGPVV[RGUQHRTQITCO
EQFGU(QTKPUVCPEGVJGDCUKEUGVWRFQGUPQVEQXGTRTQFWEVDNGPFKPICFFKVKXGKPLGEVKQPQT
VTCPUCEVKQPUVQTCIGFGHKPKVKQPU
5GEVKQPEQPVCKPUFGVCKNUQPVJGUGVWRCPFRTQITCOEQFGUCUUQEKCVGFYKVJ2TQFWEV$NGPFKPI
5GEVKQPEQPVCKPUFGVCKNUQPVJGUGVWRCPFRTQITCOEQFGUCUUQEKCVGFYKVJ6GORGTCVWTGCPF
2TGUUWTG%QORGPUCVKQP
5GEVKQPEQPVCKPUKPHQTOCVKQPCDQWV/CUU.QCFKPI7UKPIC8QNWOGVTKE(NQY/GVGT
5GEVKQPEQPVCKPUFGVCKNUQPVJGUGVWRCPFRTQITCOEQFGUCUUQEKCVGFYKVJ#FFKVKXG+PLGEVKQP
5GEVKQP EQPVCKPU FGVCKNU QP 6TCPUCEVKQP 5VQTCIG &GHKPKVKQP YJKEJ KU CRRNKECDNG KH WUGT
FGHKPGF VTCPUCEVKQP VKEMGVU CTG RTKPVGF QT VJG &CP.QCF EQOOWPKECVGU YKVJ C VGTOKPCN
CWVQOCVKQPU[UVGO
6JG&CP.QCFQPN[TGSWKTGU#%RQYGTVQGZGEWVGVJGUGVWRRTQEGFWTG6JGTGHQTGKVKU
RQUUKDNG VQ RTGEQPHKIWTG VJG KPUVTWOGPV KP C UJQR QT QHHKEG DGHQTG QPUKVG KPUVCNNCVKQP 6JG
&CP.QCFTGVCKPUVJGUGVWREQPHKIWTCVKQPKPPQPXQNCVKNGOGOQT[YJGPRQYGTKUFKUEQPPGEVGF
HTQOVJGWPKV6JG&CP.QCFUJQWNFJCXGVJGEQTTGEVV[RGCPFPWODGTQHRTQEGUUUKIPCN
KPRWVQWVRWVDQCTFUKPUVCNNGFDGHQTGKPKVKCNUGVWRRTQEGFWTGKUDGIWP
6JGKPKVKCNUGVWRRTQEGFWTGKURGTHQTOGFKPCP[QHVJGHQNNQYKPIKPUVCPEGU
$GHQTGQTFWTKPIKPUVCNNCVKQPQHCPGY&CP.QCFVJCVJCUPQVDGGPUGVWRRTGXKQWUN[
+HCPGYOCKPRTQEGUUQTDQCTFVJCVJCUPQVDGGPUGVWRKUKPUVCNNGF 0QVG5RCTGOCKP
RTQEGUUQTDQCTFUECPDGUGVWRHQT[QWTCRRNKECVKQPKPCFXCPEG6JGUGVWRRCTCOGVGTUCTG
TGVCKPGFKPPQPXQNCVKNGDCVVGT[DCEMGF4#/ TCPFQOCEEGUUOGOQT[
0QVG#EQPHKIWTGFDCVVGT[DCEMGF4#/OQFWNGECPDGOQXGFHTQOQPGOCKPRTQEGUUQT
DQCTFVQCPQVJGTOCKPRTQEGUUQTDQCTFYKVJQWVNQUUQHEQPHKIWTCVKQPQTVQVCNK\GTFCVC
0QVG 9JGP EJCPIKPI VJG %27 DQCTF OCMG UWTG VJG TGRNCEGOGPV DQCTF JCU VJG UCOG
HKTOYCTGXGTUKQPCUVJGQTKIKPCN%27DQCTF(QNNQYVJGKPUVTWEVKQPUVJCVEQOGYKVJURCTG
QT TGRNCEGOGPV DQCTFU CPF DG UWTG VQ JCPFNG VJG %27 $QCTF ECTGHWNN[ UQ VJCV VJG
EQORQPGPVUFQPQVVQWEJVJGDCEMQHVJGDQCTF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+HVJGKPVGITCVGF4#/DCVVGT[OQFWNGQPVJGOCKPRTQEGUUQTDQCTFKUTGRNCEGF
#HVGT VJG KPKVKCN UGVWR RTQEGFWTG JCU DGGP EQORNGVGF VJG &CP.QCF ECP DG GCUKN[
TGEQPHKIWTGFVQCFFQTEJCPIGQRGTCVKQPCNHGCVWTGUUWEJCURTQFWEVDNGPFKPICFFKVKXGKPLGEVKQP
PGY FGNKXGT[ EQPVTQN TGEKRGU FCVC NQIIKPI CPF EQOOWPKECVKQP YKVJ C VGTOKPCN CWVQOCVKQP
U[UVGO
1XGTXKGYQH&CP.QCF%CRCDKNKVKGU
6JG&CP.QCF
#EEGRVUXCTKQWUV[RGUCPFEQODKPCVKQPUQHRTQEGUUKPRWVUKIPCNUUWEJCUHNQYHTQORWNUG
QWVRWVV[RGHNQYOGVGTUVGORGTCVWTGU 46& RTGUUWTGUCPFQTFGPUKV[ VQO#
FE CPCNQI CPF FKUETGVG EQPVCEV ENQUWTGU KPFKECVKPI XCTKQWU UVCVWU CPF RGTOKUUKXG
EQPFKVKQPU
2GTHQTOU OCVJGOCVKECN CPF NQIKECN ECNEWNCVKQPU DCUGF QP EQPHKIWTCVKQP RTQITCO EQFGU
UGVWRRTQITCOEQFGU WUGTQRGTCVQTKPRWVHTQOVJGMG[RCFCPFVJGEWTTGPVXCNWGUCPF
UVCVGUQHVJGRTQEGUUKPRWVU
)GPGTCVGU FKUETGVG TGNC[ UQNGPQKF EQPVTQN QWVRWV UKIPCNU DCUGF QP VJG TGUWNVU QH VJG
OCVJGOCVKECNCPFNQIKECNECNEWNCVKQPURGTHQTOGF
1RVKQPCNN[ 6TCPUOKVUUGNGEVGFFCVCNQIUVQCNQIIKPIRTKPVGT
1RVKQPCNN[ 6TCPUOKVUWUGTFGHKPGFVTCPUCEVKQPVKEMGVUVQCNQIIKPIRTKPVGT
1RVKQPCNN[ 2GTHQTOUDKFKTGEVKQPCNEQOOWPKECVKQPHWPEVKQPKPICUCUNCXGRTQEGUUQTHQT
CVGTOKPCNCWVQOCVKQPU[UVGOFKUVTKDWVGFRTQEGUUKPIU[UVGOQTQVJGTJQUVEQORWVGT
6JG&CP.QCF%QOOWPKECVKQPU5RGEKHKECVKQPRCTVPWODGTEQPVCKPU
KPHQTOCVKQPHQTRTQITCOOGTUCPFGPIKPGGTUKPXQNXGFKPKORNGOGPVKPIVJG&CP.QCF
CUCPQFGKPCEQOOWPKECVKQPUPGVYQTM
6JG&CP.QCFECPDGUGVWRVQRGTHQTOOCP[FKHHGTGPVVCUMUDCUGFQPVJGTGSWKTGOGPVUQH
XCTKQWUNQCFTCEMCRRNKECVKQPU5GVWRKUCEEQORNKUJGFD[RJ[UKECNEQPHKIWTCVKQP KPUVCNNKPIEKTEWKV
DQCTFU CPF VJGP GZGEWVKPI VJG UGVWR TQWVKPG 6JG UGVWR TQWVKPG QT NQIKECN EQPHKIWTCVKQP KU
CEEQORNKUJGFD[WUGTKPVGTCEVKQPYKVJVJGQRGTCVQTEQPVTQNRCPGNYJKEJEQPUKUVUQHCOWNVKNKPG
ITCRJKECN.%&FKURNC[RCPGNCPFCPWOGTKEHWPEVKQPMG[RCF
+PHQTOCVKQPQPKPUVCNNCVKQPRNCPPKPIFGUKIPCPFRJ[UKECNEQPHKIWTCVKQPQHVJG&CP.QCF
KUEQXGTGFKP5GEVKQP+PUVCNNCVKQP6JGTGHQTGKVKUCUUWOGFCVVJKUVKOGVJCVVJGKPUVTWOGPV
EQPVCKPU VJG RTQEGUU KPRWV QWVRWV UKIPCN DQCTFU YJKEJ RTQXKFG VJG RJ[UKECN UKIPCN JCPFNKPI
ECRCEKV[HQTVJGKPVGPFGFNQCFTCEMCRRNKECVKQP6JGRJ[UKECNEQPHKIWTCVKQPNQECVKQPUCPFV[RGU
QH RTQEGUU KPRWV QWVRWV DQCTFU ECP DG UGPUGF D[ VJG &CP.QCF CPF FKURNC[GF HQT
XGTKHKECVKQPCVVJGUVCTVQHVJGUGVWRTQWVKPG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQITCO%QFGU
2TQITCO EQFGU CTG CNN EQPHKIWTCDNG RCTCOGVGTU QH VJG &CP.QCF 'CEJ 2TQITCO %QFG
EQPUKUVUQHVJGHQNNQYKPIHQWTRCTVU#VJTGGFKIKVKFGPVKHKECVKQPPWODGTCPCOGCUGNGEVKQPQT
XCNWG PQVGUQOGXCNWGUCTGUGNGEVGFHTQOCRTGFGHKPGFRKEMNKUVQVJGTXCNWGUCTGHTGGHQTO
GPVT[ CPFQPGVQHQWTRTQITCOEQFGCVVTKDWVGU6JGUGNGEVKQPQTXCNWGQHCRTQITCOEQFGCHHGEVU
VJGIGPGTCNQTURGEKHKEQRGTCVKQPQHVJG&CP.QCF'CEJVJTGGFKIKVKFGPVKHKECVKQPPWODGT
PCOGEQODKPCVKQPKFGPVKHKGUVJGURGEKHKEUGNGEVKQPQTXCNWG+FGPVKECNPCOGUCTGTGRGCVGFYJGP
VJGCUUQEKCVGFHWPEVKQPKUTGSWKTGFCVUGXGTCNRNCEGUKPCUGTKGUQHUKOKNCTHWPEVKQPU6JGTGHQTG
VJGPCOGKUVJGIGPGTCNKFGPVKHKGTQHVJGRTQITCOEQFGCPFVJGVJTGGFKIKVKFGPVKHKECVKQPPWODGTKU
VJGURGEKHKEKFGPVKHKGTQHVJGRTQITCOEQFG
'ZCORNG .QYHNQYTGUVCTVXQNWOG
+VGO&GUETKRVKQP
6JGVJTGGFKIKVRTQITCOEQFGKUKPVJGTCPIGQHVQ
0QVCNNPWODGTUKPVJGUGTKGUCTGWUGF6JGRTQITCOEQFG
PWODGT KU C WPKSWG KFGPVKHKGT QH CP CUUQEKCVGF XCNWG QT
UGNGEVKQP
.QYHNQYTGUVCTVXQNWOG 6JG PCOG QH VJG RTQITCO EQFG ECP DG WPKSWGQTECPDG
TGRGCVGFHQTUKOKNCTRTQITCOEQFGUKPCUGTKGUQHRTQITCO
EQFGU+PVJKUGZCORNGRTQITCOEQFG
.QYHNQYTGUVCTVXQNWOGYJGTGGCEJVJTGGFKIKVKFGPVKHKECVKQP
PWODGTEQTTGURQPFUVQQPGEQORQPGPVQT
6JGXCNWGQHVJGRTQITCOEQFG+PVJKUGZCORNGVJGXCNWG
ECPDGCP[PWODGTHTQOVQ
2TQITCOEQFGUCTGFKXKFGFKPVQVYGPV[HKXGHWPEVKQPCNITQWRU'CEJHWPEVKQPCNITQWRKUFKXKFGF
KPVQQPGQTOQTGFKURNC[RCIGUYJKEJECPDGUJQYPQPVJGFKURNC[RCPGN2TQITCOEQFGUCTG
CEEGUUKDNGHQTOQPKVQTKPIQTEJCPIKPIYJGPVJG&CP.QCFKUQRGTCVKPIKPVJG2TQITCO/QFG
#FKCITCOQHVJG2TQITCO/QFGOGPWVTGGKUUJQYPKP(KIWTG#NNRTQITCOEQFGUCTG
CEEGUUKDNGXKCVJG5GVWRUGNGEVKQPQHVJG2TQITCO/QFG/GPW(WPEVKQPCNITQWRUQHRTQITCO
EQFGUCTGNKUVGFKP(KIWTG6JGXCNWGRCTVQHCRTQITCOEQFGECPDGEJCPIGFD[MG[RCF
GPVTKGU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1RGTCVKPI/QFGU
6JGOGVJQFQHWUGTKPVGTCEVKQPYKVJVJG&CP.QCFKUFGHKPGFD[VJGHWPEVKQPCNUVCVGQHVJG
KPUVTWOGPV%QOOWPKECVKQPUCPFKPVGTCEVKQPYKVJCVGTOKPCNCWVQOCVKQPU[UVGOKUFGHKPGFD[VJG
UVCVGQHVJG1RGTCVKPI/QFG
(WPEVKQPCNOQFG UGVD[VJGWUGTXKCVJG&KURNC[-G[RCF
2TQITCO/QFG 2GTOKVU KPKVKCN UGVWR CPF OQFKHKECVKQP QH VJG QRGTCVKQP QHVJG
KPUVTWOGPV#EEGUUVQVJKUOQFGKURCUUEQFGTGUVTKEVGFCPFECPQPN[
DG GPVGTGF YJKNG VJG &CP.QCF KU PQV EQPVTQNNKPI C DCVEJ
FGNKXGT[QRGTCVKQPCPFCFGNKXGT[VTCPUCEVKQPKUPQVQRGP
1RGTCVKPIOQFG UGVD[UVCVGQHRTQITCOEQFG1RGTCVKPIOQFGCPFD[VJGUVCVGQHRTQITCO
EQFGCWVQOCPWCNEJCPIGQXGT+0276
/CPWCN %QOOWPKECVGUUVCVWUVQC6GTOKPCN#WVQOCVKQP5[UVGODWVYKVJQWV
TGOQVGEQPVTQNHWPEVKQPU2GTHQTOUNQECNXCNKFCVKQPQHEQPHKIWTGF
UCHGV[EKTEWKVU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 'DQ/RDG Y
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GVWR
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 'DQ/RDG Y
2WNUG RGT WPKV QWVRWVU VQ SWCPVKV[ RWNUGU VQ GZVGTPCN GSWKROGPV
%QORQPGPV +1 RCTCOGVGTU VQ EQORQPGPV DNQEM XCNXG UKIPCN CUUKIPOGPVU
#FFKVKXG RWORUDNQEM XCNXGU VQ CFFKVKXG RWOR CPF DNQEM XCNXG EQPVTQN
6TCPUCEVKQP FCVC UVQTCIG VQ CNNQECVG OGOQT[ HQT VTCPUCEVKQP FCVC UVQTCIG
#PCNQI KPRWVU VQ X %27 DQCTF ECNKDTCVKQP HQT O# 46&
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GVWR
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
1RGTCVQT+PVGTHCEG
7UGTQRGTCVQTKPVGTCEVKQPYKVJC&CP.QCFKUFGUETKDGFDGNQY
6JGWUGTKUUWGUCEQOOCPFXKCCUKPINGMG[RTGUUTGNGCUGCEVKQPQTD[UKOWNVCPGQWUN[
RTGUUKPITGNGCUKPIVYQMG[U9JKNGQRGTCVKPIKPVJG.QCFKPI/QFGCNNQRGTCVQTGPVTKGU
CTGUKPINGMG[RTGUUCEVKQPU9JKNGQRGTCVKPIKPVJG2TQITCO/QFGUQOGWUGTGPVTKGU
TGSWKTGUKOWNVCPGQWUVYQMG[CEVWCVKQPU
6JG &CP.QCF TGURQPFU D[ GKVJGT GZGEWVKPI VJG EQOOCPF KOOGFKCVGN[ QT D[
RTQORVKPIVJGWUGTXKCVJGFKURNC[RCPGNHQTCFFKVKQPCNFCVCGPVT[
+HVJGEQOOCPFKUGZGEWVGFKOOGFKCVGN[VJGFKURNC[GFKPHQTOCVKQPYKNNEJCPIGKPUQOG
OCPPGTVQKPFKECVGTGURQPUGVQVJGEQOOCPF
+HVJGEQOOCPFECPPQVDGEQORNGVGFYKVJQWVCFFKVKQPCNKPHQTOCVKQPHTQOVJGWUGTQPG
QHXCTKQWUV[RGUQHFCVCKPRWVRTQORVFKURNC[UYKNNDGUJQYP0QYVJGWUGTJCUVJGQRVKQP
VQGPVGTVJGFCVCKPTGURQPUGVQVJGFKURNC[GFRTQORVQTVQTGVWTPVJG&CP.QCFVQVJG
RTGXKQWUUVCVGYKVJQWVOQFKH[KPICP[KPVGTPCNQTGZVGTPCNUVCVGQTEQPHKIWTCVKQP
&CVC&KURNC[1RGTCVKQP
9JKNGQRGTCVKPIKPVJG2TQITCO/QFGFCVCHTQOVJG&CP.QCFKURTGUGPVGFVQVJGWUGTQP
CPNKPGD[EQNWOP.%&FKURNC[RCPGN/KUEGNNCPGQWUOGUUCIGUCPFFCVCCTGFKURNC[GFKPVJG
HQTOCVUJQYPKPVJG)GPGTCN&KURNC[(QTOCV(KIWTG
Header line
Data line
Data line
Data line
Data line
Data line
Data line
Message line
)GPGTCN&KURNC[(QTOCV
(KIWTG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1PGEQOOQPHQTOCVQHVJGIGPGTCNFKURNC[KUVJG2TQITCO%QFG8KGYFKURNC[(KIWTG6JG
2TQITCOEQFG8KGYFKURNC[KUWUGFVJTQWIJQWVVJGKPKVKCNUGVWRRTQEGFWTGCPFKPVJGHWVWTGHQT
OQPKVQTKPICPFQTEJCPIKPIRTQITCOEQFGXCNWGUUGNGEVKQPU
Header line
ccc name vvvvvvvv
ccc name vvvvvvvv
ccc name vvvvvvvv
ccc name vvvvvvvv
ccc name vvvvvvvv
ccc name vvvvvvvv
Message line
2TQITCO%QFG8KGY
(KIWTG
6JGHKGNFV[RGUFKURNC[GFKPVJG2TQITCOEQFG8KGY(KIWTGCTGFGUETKDGFDGNQY
*GCFGTNKPG #PCNRJCPWOGTKEHKGNFVJCVKUWUGFVQFGUETKDGVJGEQPVGPVU
QHVJGFKURNC[7UWCNN[CRTQITCOEQFGUITQWRQTUWDITQWR
VKVNGUWEJCU
/GVGTRCTCOGVGTU
PCOG #PCNRJCPWOGTKEHKGNFVJCVEQPVCKPUVJGPCOGVJCVFGUETKDGU
VJG HWPEVKQP QH VJG RTQITCO EQFG 0COGU CTG WR VQ
EJCTCEVGTUNQPI+FGPVKECNPCOGUCTGWUGFHQTHWPEVKQPUVJCV
CTG TGRGCVGF UGXGTCN VKOGU KP C UGTKGU QH UKOKNCT RTQITCO
EQFGUHQTFKHHGTGPVRJ[UKECNQTNQIKECNKVGOU#V[RKECNPCOG
KU
/GVGT+&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
PWOGTKE6JGHKGNFECPEQPVCKPCXCTKCDNGPWODGTQH
FKIKVU VJTW CFGEKOCNUGRCTCVQT FGHKPGFD[
RTQITCOEQFG&GEKOCNUGRCTCVQT CPFCOKPWU
UKIP
CNRJCPWOGTKE 6JG HKGNF EQPUKUVU QH C XCTKCDNG
PWODGTQHCNRJCPWOGTKEEJCTCEVGTU CNUQECNNGFC
UVTKPI
UGNGEVKQP6JGHKGNFEQPUKUVUQHQPGQHCPKPVGTPCNN[
FGHKPGFQRVKQPUGNGEVGFHTQOCNKUVQHRQUUKDNGQRVKQPU
HQTVJKUHKGNFGPVT[
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
-G[RCF1RGTCVKQP
6JG MG[RCF NQECVGF QP VJG HTQPV RCPGN RTQXKFGU VJG OGVJQF HQT VJG NQECN QRGTCVQT VQ GPVGT
EQOOCPFUCPFFCVCKPVQVJG&CP.QCF'ZCORNGQHMG[RCFNC[QWVUHQTFKHHGTGPVNCPIWCIGU
CTGUJQYPDGNQY
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
VJTW PWOGTKEFKIKVU
#.6 WUGFKPEQODKPCVKQPYKVJ
QVJGTMG[UVQOQFKH[VJG
HWPEVKQPQHVJGQVJGTMG[U
UGGFGUETKRVKQPUKPVJG
#.6'40#6'(70%6+10
EQNWOP
FKIKV XKGY+1EQPHKIWTCVKQPUWOOCT[
FKIKV VQIINGOKPWUUKIP
FKIKV KPETGCUGFKURNC[EQPVTCUV
FCTMGP
FKIKV FGETGCUGFKURNC[EQPVTCUV
NKIJVGP
56#46 UVCTVDCVEJFGNKXGT[
561224+06 UVQRDCVEJFGNKXGT[RTKPV
DCVEJVTCPUCEVKQPTGRQTV
'06'4 CEEGRVXCNWGQTGZGEWVGQRVKQP 241)4#/
%.'#4 TGOQXGUGNGEVGFXCNWG ':+6
5'.'%6 UETQNNQRVKQPUNKUV $#%-52#%'
UETQNNWR UETQNNNGHV
UETQNNFQYP UETQNNTKIJV
9/ VJG9GKIJVUCPF/GCUWTGUUGEWTKV[UYKVEJ
TQWPFURTKPINQCFGFUGCNCDNGUYKVEJNQECVGFKPVJGWRRGTNGHV
CTGCQHVJGMG[RCFVJKUUYKVEJKUUGCNCDNGKPVJGFGRTGUUGF
%.15'& RQUKVKQP
-G[(WPEVKQPU
(KIWTG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GXGTCNMG[URGTHQTOFWCNHWPEVKQPUFGRGPFGPVQPVJGQRGTCVKPIOQFGQHVJG&CP.QCF
6JG.QCFKPI/QFGKUCEVKXGKHVJG.QCFKPI&KURNC[VJG#FFKVKXG5GNGEVKQP&KURNC[QTVJG4GEKRG
5GNGEVKQP&KURNC[KUEWTTGPVN[UJQYKPIQPVJGFKURNC[RCPGN6JG2TQITCO/QFGKUCEVKXGKHVJG
2TQITCO/QFG/GPWQTCP[TGNCVGFUWDOGPWKUEWTTGPVN[UJQYKPIQPVJGFKURNC[RCPGN5RGEKHKE
HWPEVKQPUQHVJGMG[UKPVJG.QCFKPI/QFGCPFVJG2TQITCO/QFGCTGFGUETKDGFDGNQY
-G[(WPEVKQP
.QCFKPI/QFGQPN[
56#46 +PKVKCVGCDCVEJFGNKXGT[CHVGTGPVT[QHVJGRTGUGVSWCPVKV[
561224+06 5WURGPFCDCVEJFGNKXGT[QRGTCVKQPKPRTQITGUUQTGPFVTCPUCEVKQP
KPRTQITGUU2TKPVCPQRVKQPCNVTCPUCEVKQPTGRQTVVJCVOC[KPENWFG
DCVEJFCVC
.QCFKPI/QFGCPF2TQITCO/QFG
9/ URTKPINQCFGFECRVKXGUYKVEJNQECVGFKPVJGWRRGTNGHVCTGCQHVJGMG[RCF
6JG9GKIJVUCPF/GCUWTGUUGEWTKV[UYKVEJRTQXKFGUINQDCNTGUVTKEVKQPHQT
OQFKHKECVKQP QH CNN RTQITCO EQFGU VJCV JCXG VJG 9GKIJVU CPF /GCUWTGU
CVVTKDWVGUGV106JKUTGUVTKEVKQPRTGXGPVUWUGTUQRGTCVQTUHTQOOQFKH[KPI
VJGXCNWGUQTUGNGEVKQPUQHVJGUGRTQITCOEQFGU5GG5GEVKQP2TQITCO
%QFG#VVTKDWVGUHQTCEQORNGVGFGUETKRVKQPQHRTQITCOEQFGCVVTKDWVGUCPF
VJG9GKIJVUCPF/GCUWTGUUGEWTKV[UYKVEJ
%.15'& &GRTGUUGF CPF ECRVKXG YKVJ VJG UNQV KP VJG XGTVKECN
RQUKVKQP%CPDGYKTGUGCNGFKPVJKURQUKVKQP%TKVKECNYGKIJVUCPF
OGCUWTGUXCTKCDNGUECPPQVDGOQFKHKGF
12'0'ZVGPFGFYKVJVJGUNQVKPVJGJQTK\QPVCNRQUKVKQP%TKVKECN
YGKIJVUCPFOGCUWTGUXCTKCDNGECPDGOQFKHKGF VJGUYKVEJOWUVDG
12'0RTKQTVQCEEGUUKPIVJG2TQITCO/QFGVQGPCDNGOQFKHKECVKQP
ECRCDKNKV[
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
-G[(WPEVKQP
#.6 6JKU MG[ KU WUGF KP EQPLWPEVKQP YKVJ UGXGTCN QVJGT MG[U VQ EJCPIG VJG
RTKOCT[HWPEVKQPRGTHQTOGFD[VJGQVJGTMG[6JGRTKOCT[HWPEVKQPQHC
FWCNHWPEVKQPMG[KUKPFKECVGFQPVJGVQRQHVJGMG[HCEG YJKVGNGVVGTU
DNCEM DCEMITQWPF 6JG CNVGTPCVG HWPEVKQP QH C FWCN HWPEVKQP MG[ KU
KPFKECVGFQPVJGDQVVQOQHVJGMG[HCEG DNCEMNGVVGTUYJKVGDCEMITQWPF
0WOGTKEMG[UCPFCNUQJCXGCNVGTPCVGHWPEVKQPUCUKPFKECVGF
DGNQY6JG#.6MG[UJQWNFDGRTGUUGFCPFOCKPVCKPGFKPVJGFGRTGUUGF
RQUKVKQPYJKNGUKOWNVCPGQWUN[RTGUUKPICPFTGNGCUKPICPCNVGTPCVGHWPEVKQP
MG[VQGZGEWVGCPCNVGTPCVGHWPEVKQP
VJTW
.QCFKPI/QFG 0WOGTKEMG[UWUGFHQTPWOGTKEFCVCGPVT[
#.6 #EVKXG KP 2TQITCO /QFG QPN[ CEVKXCVGU FKURNC[ QH VJG RJ[UKECN
EQPHKIWTCVKQPQHVJG&CP.QCF6JGHKTUVRCIGFKURNC[GFEQPVCKPUVJG
NQECVKQP QH VJG RTQEGUU UKIPCN KPRWV QWVRWV DQCTFU FGVGEVGF FWTKPI VJG
RQYGTWRUGSWGPEG5WEEGUUKXGRCIGUCEEGUUGFD[VJGMG[UUJQYVJG
EWTTGPVN[EQPHKIWTGFUVCVGQHRJ[UKECNKPRWVQWVRWVVQNQIKECNKPRWVQWVRWV
CUUKIPOGPVU KP VJG HQNNQYKPI ITQWRU 46& KPRWVU O# KPRWVU
&KUETGVGKPRWVU&KUETGVGQWVRWVU
#.6 #EVKXG KP 2TQITCO /QFG QPN[ 6QIINGU VJG OKPWU UKIP QP QT QHH HQT C
PWOGTKEGPVT[%CPDGWUGFDGHQTGFWTKPIQTCHVGTGPVT[QHCPWOGTKE
XCNWG
#.6 #EVKXGKP.QCFKPI/QFGCPF2TQITCO/QFG+PETGCUGUVJGFKURNC[EQPVTCUV
FCTMGPUVJGFKURNC[
#.6 #EVKXG KP .QCFKPI /QFG CPF 2TQITCO /QFG &GETGCUGU VJG FKURNC[
EQPVTCUV NKIJVGPUVJGFKURNC[
'06'4
.QCFKPI/QFG #EEGRV QT D[RCUU FCVC KVGO GPVT[ QT RTGUGV SWCPVKV[ GPVT[CPF
EQPVKPWG
2TQITCO/QFG #EEGRVVJGXCNWGQTUGNGEVKQPJKIJNKIJVGFD[VJGDQZEWTUQT
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
-G[(WPEVKQP
241)4#/ #.6 '06'4
.QCFKPI/QFG %JCPIGVQ2TQITCO/QFG
2TQITCO/QFG +IPQTGCP[GFKVOCFGVQVJGEWTTGPVHKGNFUGNGEVGFD[VJGDQZEWTUQT
CPFTGUVQTGVJGQTKIKPCNXCNWGUGNGEVKQP
%.'#4
.QCFKPI/QFG %NGCTVJGEWTTGPVFCVCKVGOGPVT[QTRTGUGVSWCPVKV[GPVT[
4GOQXG VJG &[PCOKE &CVC &KURNC[ YKPFQY HTQO VJG NQCFKPI
FKURNC[
2TQITCO/QFG %NGCTVJGEWTTGPVPWOGTKEQTCNRJCPWOGTKEGPVT[
2TQITCO/QFG 5VGRVQVJGPGZVJKIJGTOGPWNGXGN%JCPIGVQ.QCFKPI/QFGYJGP
VJG2TQITCO/QFG/GPWKUFKURNC[GF
5'.'%6
.QCFKPI/QFG &KURNC[F[PCOKEFCVCYKPFQYQPVJGNQCFKPIFKURNC[
2TQITCO/QFG 5VGRVQRTGXKQWUEJCTCEVGTRQUKVKQPYJGPGFKVKPICPCNRJCPWOGTKE
UVTKPIGPVT[5ETQNNDCEMYCTFVJTQWIJUGNGEVKQPQRVKQPU
.QCFKPI/QFG %JCPIG&[PCOKE&CVC&KURNC[RCIG
2TQITCO/QFG 5VGR VQ PGZV QT RTGXKQWU EJCTCEVGT GPVT[ YJGP GFKVKPI CPCNRJC
PWOGTKEUVTKPIGPVT[
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+PKVKCN5GVWR2TQEGFWTG1XGTXKGY
6JGKPKVKCNUGVWR RTQEGFWTGIWKFGUVJGWUGTVJTQWIJCUGSWGPEGQHFKURNC[GFRTQORVUCPFMG[
RTGUUTGURQPUGU6JGWUGTCEEQORNKUJGUVJGHQNNQYKPIVJTGGVCUMUYJKNGGZGEWVKPIVJGKPKVKCNUGVWR
RTQEGFWTG
#EEGRV QT OQFKH[ UGXGTCN FGHCWNV RTQITCO EQFG XCNWGU UGNGEVKQPU VJCV KPHQTO VJG
&CP.QCFCDQWVVJGRJ[UKECNEJCTCEVGTKUVKEUQHVJGDCVEJNQCFKPIU[UVGO5GEVKQP
EQPVCKPUKPHQTOCVKQPQPRTQEGUUKPRWVQWVRWVEJCPPGNCUUKIPOGPV
#EEGRV QT OQFKH[ UGXGTCN FGHCWNV RTQITCO EQFG XCNWGU UGNGEVKQPU VJCV KPHQTO VJG
&CP.QCFCDQWVVJGV[RGQHHNQYECNEWNCVKQPUCPFNQIKECNQRGTCVKQPUVQDGRGTHQTOGF
)WKFGVJGWUGTVJTQWIJKPVGTCEVKXGXGTKHKECVKQPCPFQTRTQITCOEQFGXCNWGEJCPIGU6JKU
VWVQTKCNHWPEVKQPHCOKNKCTK\GUVJGWUGTYKVJVJGFKURNC[HQTOCVCPFVJGQRGTCVQTKPVGTHCEG
WUKPIVJGMG[RCF
4GCFCNNQHVJKUUGEVKQPCPFTGXKGY5GEVKQP2TQITCO%QFG&GHKPKVKQPURTKQTVQRGTHQTOKPIVJG
KPKVKCNUGVWRRTQEGFWTG+POQUVECUGUFGUKTGFTGURQPUGUVQVJGRTQORVUGPEQWPVGTGFFWTKPIVJG
KPKVKCNUGVWRRTQEGFWTGECPDGFGVGTOKPGFFWTKPIGZGEWVKQPQHVJGUGVWRRTQEGFWTG*QYGXGTKH
VJGEQTTGEVTGURQPUGECPPQVDGFGVGTOKPGFFWTKPIVJGUGVWRRTQEGFWTGKVKURGTOKUUKDNGVQCEEGRV
CP[QTCNNQHVJGFGHCWNVXCNWGUUGNGEVKQPUHQTVJGRTQITCOEQFGU#P[FGHCWNVXCNWGQTUGNGEVKQP
VJCVKUCEEGRVGFQTOQFKHKGFECPDGEJCPIGFGCUKN[CVCP[VKOGKPVJGHWVWTG
6JGKPKVKCNUGVWRRTQEGFWTGCWVQOCVKECNN[GPVGTUFGHCWNVXCNWGUUGNGEVKQPUHQTUQOGRTQITCOEQFGU
VJCVCTGPQVEQXGTGFD[VJGRTQEGFWTG+PUQOGECUGUVJGUGFGHCWNVXCNWGUUGNGEVKQPUTGSWKTG
OQFKHKECVKQPHQTVJGKPVGPFGFCRRNKECVKQP4GXKGYVJGCFFKVKQPCNKPHQTOCVKQPEQPVCKPGFKP5GEVKQPU
VQCHVGTVJGKPKVKCNUGVWRRTQEGFWTGKUEQORNGVGF6JKUCFFKVKQPCNKPHQTOCVKQPUJQWNFDG
TGXKGYGFVQCUUWTGVJCVVJG&CP.QCFKURTQRGTN[EQPHKIWTGFHQT[QWTKPUVCNNCVKQP
&CVC'PVT[
5GXGTCNMG[RTGUUTGURQPUGUCTGTGSWKTGFFWTKPIGZGEWVKQPQHVJGKPKVKCNUGVWRRTQEGFWTG6JG
TGURQPUGUCTGCRTGUUTGNGCUGQH'06'4QTVQEQPVKPWGPWOGTKEFCVCGPVTKGUYKVJVJGVJTW
PWOGTKEMG[UQRVKQPUGNGEVKQPUETQNNKPIYKVJVJG5'.'%6MG[QTCNRJCPWOGTKEFCVCGPVT[
6JGXCNWGQTQRVKQPFKURNC[GFKUCEEGRVGFCPFGPVGTGFD[RTGUUKPIVJG'06'4MG[QTGKVJGTVJG
QTCTTQYMG[/GVJQFUHQTFCVCGPVT[CTGFGUETKDGFDGNQY
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0WOGTKEFCVCGPVT[
2NCEGVJGDQZEWTUQTQXGTVJGUGNGEVGFRTQITCOEQFGYKVJVJGQTCTTQYMG[U'PVGT
VJGFGUKTGFPWODGTYKVJVJGPWOGTKEMG[U VJTQWIJ0WOGTKEGPVTKGUCTGVQIINGF
DGVYGGPPGICVKXGCPFRQUKVKXGXCNWGUD[GPVGTKPIVJGPWOGTKEXCNWGKPVJGHKGNFCPFVJGP
RTGUUKPICPFJQNFKPIVJG#NVMG[YJKNGRTGUUKPIVJGFKIKVMG[+HCPGPVT[GTTQTKUOCFG
RTGUUVJG%.'#4MG[VQENGCTVJGHKGNFCPFUVCTVCICKPQTVQIINGVJG UKIPVQVJG
QRRQUKVGUVCVG
1RVKQPFCVCGPVT[
5GNGEVKQPQRVKQPUCTGEQPVCKPGFKPUJQTVNKUVURGTOCPGPVN[UVQTGFKPVJG&CP.QCF
2NCEG VJG DQZ EWTUQT QXGT VJG UGNGEVGF RTQITCO EQFG YKVJ VJG QT CTTQY MG[U +H
PGEGUUCT[WUGVJG5'.'%6MG[QTVJG$#%-52#%'-'; #.6 5'.'%6 VQUETQNN
VJGNKUVHQTYCTFQTDCEMYCTFWPVKNVJGFGUKTGFQRVKQPKUFKURNC[GF
#NRJCPWOGTKEFCVCGPVT[
+H CNRJCPWOGTKE FCVC GPVT[ KU RGTOKVVGF KP C HKGNF VJG OGUUCIG NKPG YKNN FKURNC[ VJG
HQNNQYKPIRTQORV5RCEG#C
6JKURTQORVKPFKECVGUVQVJGWUGTVJCVCPCNRJCPWOGTKEUVTKPIQHEJCTCEVGTUECPDGGPVGTGF
6JGPWODGTUVJTQWIJRQKPVVQCURGEKHKENQECVKQPKPCEQPVKPWQWUUVTKPIQHEJCTCEVGTU
(QTGZCORNGVJGPWODGTRQKPVUVQVJGNGVVGT#CUVTKPIQHWRRGTECUGNGVVGTUEQPVKPWG
VQ < VJG PGZV EJCTCEVGT KU C C UVTKPI QH NQYGT ECUG NGVVGTU EQPVKPWG VQ \ VJG PGZV
EJCTCEVGT KU C UVTKPI QH PWODGTU EQPVKPWGU VQ +P QVJGT YQTFU GCEJ ITQWR QH
EJCTCEVGTUKUKPQPGEQPVKPWQWUUVTKPIQHCNNRQUUKDNGEJCTCEVGTU6JGCRRCTGPVITQWRUQH
EJCTCEVGTUFQPQVYTCRCTQWPFVQVJGUVCTVQHVJCVITQWR
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
$ D FQNNCTU CRQUVTQRJG
% E RGTEGPV EQNQP
0 P A WPFGTNKPG
1 Q @ EKTEWOHNGZ
2 R ` VKNFG
3 S ± C CEWVG
4 T + CEWVG
5 U É Q CEWVG
6 V Ð W CEWVG
7 W Ç P VKNFG GÇG
8 X · C FKCGTGUKU WONCWV
9 Y À G FKCGTGUKU WONCWV
: Z Å + FKCGTGUKU WONCWV
; [ Ì Q FKCGTGUKU WONCWV
URCEG
#NRJC0WOGTKE%JCTCEVGTU
(KIWTG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
(KIWTGEQPVCKPUCNKUVQHCNNCXCKNCDNGCNRJCPWOGTKEEJCTCEVGTUQTICPK\GFKPVQHKXG
ITQWRU6JGEJCTCEVGTUKPITQWRYKNNXCT[UNKIJVN[FGRGPFKPIQPVJGNCPIWCIGUGNGEVKQP
RTQITCOEQFG #NRJCPWOGTKEEJCTCEVGTUCTGGPVGTGFKPVJGHQNNQYKPIOCPPGTYJGP
VJGRTQORVKUFKURNC[GF
& 6JGHNCUJKPIUSWCTGEWTUQTKURQUKVKQPGFKPVJGNGHVYCTFHKGNFRQUKVKQP6JGEWTUQT
KPFKECVGUVJGEWTTGPVEJCTCEVGTGPVT[RQUKVKQPYKVJKPVJGCNRJCPWOGTKEHKGNF
& 6JGEWTUQTKUOQXGFQPGEJCTCEVGTRQUKVKQPTKIJVGCEJVKOGVJG5'.'%6MG[KU
RTGUUGF 6JG EWTUQT KU OQXGF QPG EJCTCEVGT RQUKVKQP NGHV GCEJ VKOG VJG
$#%-52#%' #.6 5'.'%6 MG[KURTGUUGF
& 6QGPVGTCPCNRJCPWOGTKEEJCTCEVGTKPVJGEWTTGPVEJCTCEVGTRQUKVKQPRTGUUVJG
PWODGTMG[QTYJKEJKPFKECVGUVJGITQWRQHEJCTCEVGTUYJKEJ
EQPVCKPUVJGFGUKTGFGPVT[#P[PWODGTITQWRUGNGEVQTECPDGRTGUUGFCHVGTVJG
KPKVKCNUGNGEVKQPKHCPGTTQTKU OCFG 0QVG#PGCU[OGVJQFVQCEEGUUVJG <
EJCTCEVGTKURTGUUVQFKURNC[NQYGTECUGCVJGPRTGUUVJG #.6 MG[
& 6JG HKTUV EJCTCEVGT QH VJG UGNGEVGF ITQWR YKNN PQY DG FKURNC[GF KP VJG CEVKXG
EJCTCEVGTRQUKVKQP
& 6Q UGNGEV CPQVJGT EJCTCEVGT HTQO VJG URGEKHKGF ITQWR QH EJCTCEVGTU RTGUU VJG
4+)*6#4419 YJKEJKUVJG #.6 VQOQXGVQVJGPGZVEJCTCEVGTKPVJG
UGNGEVKQPUVTKPI1TRTGUUVJG YJKEJKUVJG #.6 VQOQXGVQVJGRTGXKQWU
EJCTCEVGT KP VJG UGNGEVKQP UVTKPI 6JG EJCTCEVGT UGNGEVKQPU YKNN LQI KP UGSWGPEG
CWVQOCVKECNN[ KH DQVJ VJG #.6 MG[ CPF GKVJGT QPG QH VJG CTTQY MG[U CTG
UKOWNVCPGQWUN[OCKPVCKPGFFGRTGUUGF9JGPVJGFGUKTGFEJCTCEVGTKUFKURNC[GFKP
VJGCEVKXGEJCTCEVGTRQUKVKQPTGNGCUGVJGMG[U
5RGEKCNCNRJCPWOGTKEFCVCGPVT[
2TQITCOEQFGU%QPVTQNOGVGTUKPVJG2WNUGRGTWPKVQWVRWVUITQWRCPF
%QPVTQNOGVGTUKPVJG#FFKVKXGRCTCOGVGTUITQWRUGNGEVQPGQHVJG
HKZGFQRVKQPU)0QT:KPVJGHQNNQYKPIOCPPGT2NCEGVJGDQZEWTUQTQXGTVJGUGNGEVGF
RTQITCOEQFGYKVJVJGQTCTTQYMG[U/CKPVCKPVJG#.6MG[FGRTGUUGFCPFUGNGEVVJG
FGUKTGFQRVKQPYKVJVJGQTCTTQYMG[U
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+PKVKCN5GVWR2TQEGFWTG
6JG9GKIJVUCPF/GCUWTGUUYKVEJNQECVGFKPVJGWRRGTNGHVCTGCQHVJGMG[RCFUJQWNFDGTQVCVGF
WPVKN VJG ECRVKXG RKP RCUUGU VJTQWIJ VJG UNQV CPF TGNGCUGU VJG UYKVEJ VQ VJG GZVGPFGF 12'0
RQUKVKQP
6JG GNGEVTKECN LWORGT EQPHKIWTCVKQP HQT KPFKXKFWCN EKTEWKV DQCTFU KPUVCNNGF CV VJKU VKOG KU
FGUETKDGFKP5GEVKQP+PUVCNNCVKQP6JGGNGEVTKECNLWORGTEQPHKIWTCVKQPUJQWNFDGXGTKHKGFCPF
#%RQYGTUJQWNFDGEQPPGEVGFCPFCRRNKGFVQVJGKPUVTWOGPV
6JG UGSWGPEG QH VJG KPKVKCN UGVWR RTQEGFWTG KU RTGUGPVGF DGNQY YKVJ GZCORNGU QH VJG FKURNC[U
RTGUGPVGFVQVJGWUGTCPGZRNCPCVKQPQHVJGEQPVGPVUQHVJGFKURNC[CPFVJGWUGTTGURQPUGVQGCEJ
FKURNC[
DanLoad 6000
CPU-1 firmware v5.30
CPU-2 firmware v5.30
Message EPROM v5.30
DanLoad 6000
Running CPU-1 RAM test
Passed
Running CPU-2 RAM test
Passed
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYUVJGTGUWNVUQHCWVQOCVKEFKCIPQUVKEVGUVUVJCVEJGEMVJGQRGTCVKQP
QHVJG4#/ TCPFQOCEEGUUOGOQT[ 6JGPQTOCNOGUUCIGKU2NGCUGYCKVYJKNGVJGVGUVKUKP
RTQITGUUCPFVJGPQTOCNTGUWNVOGUUCIGKU2CUUGF#(CKNGFOGUUCIGKPFKECVGUVJCVCJCTFYCTG
RTQDNGOGZKUVUKPVJG&CP.QCF
Slot 1 AC I/O
Slot 2 Empty
Slot 3 Empty
Slot 4 Empty
Slot 5 2-Ch. Meter
Slot 6 Empty
Slot 7 2-Ch. Analog
DUART = 000 Pres ALT+CLEAR to exit
6JGFKURNC[GZCORNGCDQXGUJQYUVJGNQECVKQPQHCNNRTQEGUUKPRWVQWVRWVUKIPCNDQCTFUKPUVCNNGF
CPFVJGUGTKCNEQOOWPKECVKQPUCFFTGUUQHVJG&CP.QCF#OGUUCIG&7#46YJGTG
KUVQKPFKECVGUVJGEQOOWPKECVKQPUCFFTGUUHQTVJGFWCNWPKXGTUCNCU[PEJTQPQWU
TGEGKXGTVTCPUOKVVGTOQFWNGVJCVJCPFNGU4545UGTKCNEQOOWPKECVKQPU
1PVJG8%27VJG&7#46KUCFCWIJVGT$QCTFYKVJCPCFFTGUUUYKVEJ(QTHKTOYCTGXGTUKQPU
CPFJKIJGTVJGCFFTGUUUYKVEJKUPQNQPIGTWUGFVQEQPHKIWTGVJGWPKVCFFTGUU2TQITCOEQFG
KUWUGFVQKFGPVKH[VJGCFFTGUUQHVJGWPKV
1PVJG8%27VJG&7#46KUDWKNVKPCPFKUCFFTGUUGFWUKPI2TQITCOEQFG
6JGVCDNGUNQECVGFKP#RRGPFKZ#UJQWNFDGRJQVQEQRKGFCVVJKUVKOGCPFVJGEQRKGUWUGFHQTGPVT[
QHVJGRJ[UKECNKPRWVQWVRWVUKIPCNCUUKIPOGPVUHQTVJG&CP.QCF6JGKPFKXKFWCNEJCPPGN
CUUKIPOGPVUECPDGXKGYGFCPFTGEQTFGFCVVJKUVKOG9JKNGXKGYKPIVJGUNQVCUUKIPOGPVFKURNC[
CDQXGRTGUUCP[MG[VQEQPVKPWG6JGHQNNQYKPIFKURNC[YKNNDGUJQYP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Meter inputs
01 Chan 0 2-Ch Meter in J5
02 Chan 1 2-Ch Meter in J5
ALT+SELECT to reconfigure
6JGFKURNC[GZCORNGCDQXGUJQYUQPGQHUGXGTCNUKOKNCTFKURNC[UYJKEJKPFKECVGVJGCWVQOCVKE
KPRWVQWVRWVUKIPCNPWODGTKPIRGTHQTOGFD[VJG&CP.QCF6JGCPFCTTQYUMG[UCTG
WUGFVQRCIGVJTQWIJVJKUFKURNC[ITQWR&KURNC[V[RGUKPENWFGFKPVJKUITQWRCTG
+15KIPCN6[RG /CZKOWO0WODGT
/GVGTKPRWVU UJQYPCDQXG
46&KPRWVU HQTX%27
O#KPRWVU HQTX%27
&KUETGVGKPRWVU ECPDGOQTGVJCPQPGFKURNC[RCIG
&KUETGVGQWVRWVU ECPDGOQTGVJCPQPGFKURNC[RCIG
+HEKTEWKVDQCTFEQPHKIWTCVKQPECWUGUCFFKVKQPCN+1RQKPVUQHCP[V[RG
VQDGRTGUGPVVJGCFFKVKQPCN+1RQKPVUECPPQVDGCUUKIPGFNQIKECNN[
6JG+1RQKPVUCTGPQVCEEGUUKDNG
5GEVKQPEQPVCKPUCFFKVKQPCNKPHQTOCVKQPQPCWVQOCVKECUUKIPOGPVQHKPRWVQWVRWVEJCPPGNU
6JGHKGNFUNQECVGFKPVJKUFKURNC[ITQWRCTGFGUETKDGFDGNQY
*GCFGTNKPG &GHKPGUVJGKPRWVQWVRWVUKIPCNV[RG
5GSWGPVKCN PWODGT HQT VJKU KPRWV 6JG UGSWGPEG UVCTVU CV CPF
EQPVKPWGUVJTQWIJVJGJKIJGUVKPRWVQTQWVRWVEJCPPGNQHVJCVV[RG
6JG&CP.QCFCUUKIPUVJGUGPWODGTUCWVQOCVKECNN[D[UGPUKPI
VJGV[RGQHDQCTFKPGCEJUNQV ,VQ, $QCTFUCTGUECPPGFHTQO
NGHVVQTKIJV6JGTGHQTGUKOKNCTV[RGEJCPPGNUKPNGHVYCTFNQECVGF
DQCTFU YKNN JCXG NQYGT PWODGTU VJCP UKOKNCT V[RG EJCPPGNU KP
TKIJVYCTFNQECVGFDQCTFU#OKPKOWOQHQPGOGVGTRWNUGDQCTF
OWUVDGRTGUGPV+HCPCPCNQIDQCTFKUPQVRTGUGPVVJG46&KPRWVU
CPFO#KPRWVUITQWRUYKNNFKURNC[VJGOGUUCIG0QRQKPVUQH
VJKUV[RG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%JCP 5GSWGPVKCN PWODGT QH VJG RJ[UKECN KPRWV QWVRWV EJCPPGN QPVJG
EQTTGURQPFKPI DQCTF 6JG UGSWGPEG UVCTVU CV 6JG OCZKOWO
XCNWGHQTVJKUHKGNFKUYJKEJEQTTGURQPFUVQVJGGKIJVJQWVRWVQP
CP#%+1DQCTF EJCPPGNUVQ #NNQVJGTDQCTFUJCXGHGYGT
EJCPPGNUVJCPVJG#%+1DQCTF
/GVGT2WNUG 6JKUHKGNFKPFKECVGUVJGDQCTFV[RGKPVJGKPFKECVGFUNQV&KURNC[UKP
VJKUHKGNFECPDGEJCPPGNQTEJCPPGN/GVGTEJCPPGNQT
EJCPPGN#PCNQI#%+1&%+1QT'PJCPEGF+1
, 6JKUHKGNFKPFKECVGUVJGRJ[UKECNNQECVKQPQHVJGDQCTF&KURNC[UKP
VJKUHKGNFECPDG,VJTQWIJ,
#.6 5'.'%6VQTGEQPHKIWTG
%QPHKIWTCVKQPFWTKPIVJGKPKVKCNUGVWRRTQEGFWTGKUCWVQOCVKECPFPQ
TGURQPUG VQ VJKU RTQORV KU TGSWKTGF +H CP KPRWV QWVRWV UKIPCN
DQCTFKUCFFGFKPUNQVU,VQ,KPVJGHWVWTGVJG&CP.QCF
UGPUGU VJG RTGUGPEG QH VJG PGY DQCTF CPF CNYC[U FKURNC[U VJG
EWTTGPV EQPHKIWTCVKQP KP VJG 5NQV DQCTF V[RG FKURNC[
*QYGXGTVJGKPRWVQWVRWVEJCPPGNUCTGPQVTGPWODGTGFWPVKNVJG
OCPWCNEQOOCPF #.6 5'.'%6 VQTGEQPHKIWTGKUKUUWGF
0QVGU
6JGVYQUYKPICTOUYKVEJKPRWVUQPVJG/CKP2TQEGUUQT$QCTFCPFVJGVYQHQWTOGVGT
RWNUGKPRWVUCPFVYQJKIJTGUQNWVKQPOGVGTRWNUGQWVRWVUQPVJG/GVGT2WNUG$QCTFCTG
FGFKECVGFHWPEVKQPUCPFCTGPQVUJQYPKPVJG%QPHKIWTCVKQP5WOOCT[&KURNC[
8GTUKQPUQHVYCTGECPDGWUGFYKVJX%27DQCTFURGTVJGHQNNQYKPI
6JGEQOOWPKECVKQPUCFFTGUUOWUVDGEQPHKIWTGFXKCRTQITCOEQFGUKPEG
VJG&7#46DQCTFçUCFFTGUUUYKVEJKUKIPQTGF
'KVJGTVJGFGFKECVGFUYKPICTOFKUETGVGQTKPRWVUCTGWUGFHQTUKFGFGVGEVKQP
FGRGPFKPIQPRTQITCOEQFGUCPF5GGPQVGCVVJGDGIKPPKPIQH
KPVJGUQHVYCTGURGEKHKECVKQP
O#KPRWVCPF46&KPRWVQPVJG%27DQCTFCTGKPCEEGUUKDNG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQEGUU+PRWV1WVRWV5KIPCN*CPFNKPI
%CRCEKV[
$CUKE%QPHKIWTCVKQP
(KIWTG
(QTCX%27KPUVCNNCVKQPVJGéDCUGê&CP.QCFJCUQPGQT%JCPPGN/GVGT2WNUGDQCTF
CPFQPG#%+1DQCTF6JGX%27DQCTF JCUQPGO#KPRWVCPFQPG46&KPRWV
DWKNVKP 7R VQ VYQ QT %JCPPGN #PCNQI +PRWVU DQCTFU ECP DG CFFGF HQT OGCUWTKPI
VGORGTCVWTGURTGUUWTGUCPFFGPUKVKGU0QVGVJCVVJG&CP.QCFECPPQVEQTTGEVFGPUKVKGUCV
OGCUWTGFVGORGTCVWTGUVQFGPUKVKGUCVUVCPFCTFVGORGTCVWTGU7RVQVYQOGVGTRWNUGDQCTFU QH
VJGUCOGMKPFQTOKZGF ECPDGWUGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$CUKEEQPHKIWTCVKQPEQPUKFGTCVKQPU
5GTKCN EQOOWPKECVKQPU TGSWKTG CP 45 45 &7#46 OQFWNG (QT X %27
DQCTFUC&7#46OQFWNGKUTGSWKTGFHQTFCVCNQIIKPIVQCRTKPVGTQTFCVCNQIIKPIFGXKEG
6JG&7#46KUKPVGITCNVQVJGX%27DQCTF
6JG OGVGT RWNUG KPRWV DQCTF ECP DG GKVJGT EJCPPGN QT EJCPPGN V[RGU 1PG QT VYQ
DQCTFUECPDGKPUVCNNGF+HVYQDQCTFUCTGKPUVCNNGFVJG[ECPDGCP[EQODKPCVKQPQH
EJCPPGNCPFEJCPPGNDQCTFU*QYGXGTVJGTGECPDGCVQVCNQHQPN[HQWTHNQYOGVGTU
+HVYQEJCPPGNDQCTFUCTGKPUVCNNGFHQWTOGVGTUYKVJVYQRWNUGUKIPCNUHTQOGCEJOGVGT
ECPDGKORNGOGPVGFHQT+2NGXGN $ RWNUGUGEWTKV[(QTRWNUGUGEWTKV[XGTKHKECVKQP
RWNUGKPRWV%JCPPGN#KUWUGFHQTHNQYOGCUWTGOGPVCPFRWNUGKPRWV%JCPPGN$KUWUGF
HQTXGTKHKECVKQPQH%JCPPGN#KPVGITKV[
6JGUYKPICTOKPRWVQPX%27DQCTFUKUPQTOCNN[HTQOGKVJGTCUKPINGUYKVEJQTFWCN
UYKVEJUYKPICTO6JKUKPRWVKUWUGFHQTUYKPICTOUKFGFGVGEVCPFMG[RCFUKFGGPCDNGCPF
VQKPFKECVGVJGCEVKXGNQCFTCEMUKFGVQCVGTOKPCNCWVQOCVKQPU[UVGO
2J[UKECN+PRWVCPF1WVRWV5KIPCN#UUKIPOGPV
6JG&CP.QCFCWVQOCVKECNN[CUUKIPURJ[UKECNKPRWVCPFQWVRWVEJCPPGNPWODGTUFWTKPIKPKVKCN
UGVWRQTYJGPOCPWCNN[EQOOCPFGFVQFQUQ6JGEJCPPGNCUUKIPOGPVKURGTHQTOGFCUHQNNQYU
6JGKPUVTWOGPVUECPUVJGKPRWVQWVRWVUKIPCNDQCTFUNQECVGFKPUNQVU, NGHVYCTF VJTQWIJ,
TKIJVYCTF KP VJCV QTFGT 'CEJ DQCTF KU KFGPVKHKGF CPF VJG RJ[UKECN EJCPPGNU QP VJG DQCTF
KPFKECVGFKP#RRGPFKZ#CTGCUUKIPGFCUGSWGPVKCNEJCPPGNPWODGTEQTTGURQPFKPIVQVJGUCOGV[RG
EJCPPGN6JGUGRJ[UKECN+1EJCPPGNCUUKIPOGPVUECPDGXKGYGFD[RTGUUKPIVJG#.6 MG[
YJKNG QRGTCVKPI KP VJG 2TQITCO /QFG 9JKNG XKGYKPI VJG EJCPPGN CUUKIPOGPVU VJG RTQORV
OGUUCIG#.6 5'.'%6VQTGEQPHKIWTGKUFKURNC[GFQPVJGOGUUCIGNKPG+UUWKPIVJKUEQOOCPF
ECWUGU VJG &CP.QCF VQ TGPWODGT VJG RJ[UKECN KPRWV QWVRWV EJCPPGNU KH VJG DQCTF
EQORNGOGPVJCUDGGPCNVGTGFKPCP[OCPPGTUKPEGVJGNCUVEQPHKIWTCVKQP6JGTGCTGHKXGFKHHGTGPV
V[RGUQHKPRWVQWVRWVUKIPCNUVJCVECPDGJCPFNGFD[VJG&CP.QCF6JGUGEJCPPGNV[RGUCTG
NKUVGFDGNQY
+1%JCPPGN6[RG&GUETKRVKQP
/GVGTKPRWVU &GFKECVGFOGVGTRWNUGKPRWVPWODGTUCPFKHQPGOGVGTRWNUGDQCTF
KUKPUVCNNGF&GFKECVGFOGVGTRWNUGKPRWVPWODGTUKHVYQ
OGVGT RWNUG DQCTFU CTG KPUVCNNGF (QWT EJCPPGN OGVGT RWNUG DQCTFU
KORNGOGPV EJCPPGNU # $ CPF # $ 14 # $ CPF # $
FGRGPFKPIQPDQCTFLWORGTEQPHKIWTCVKQP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+1%JCPPGN6[RG&GUETKRVKQP
#PCNQI+PRWV5KIPCN%JCPPGN#UUKIPOGPV
#PCNQI$QCTF6[RG
+PRWV6[RG
GCEJ GCEJ GCEJ GCEJ GCEJ%J
%J %J %J %J GCEJ%J
QH46&KPRWVU
QHO#KPRWVU
&KUETGVGKPRWVU #UUKIPGF FKUETGVG KPRWV PWODGTU HTQO VQ VJG OCZKOWO PWODGTQH
FKUETGVGUVCVWUKPRWVURTGUGPVKPVJGQTFGTVJCVVJGKPRWVUCTGGPEQWPVGTGF
D[VJGEQPHKIWTCVKQPUECP
&KUETGVGQWVRWVU #UUKIPGF FKUETGVG QWVRWV PWODGTU HTQO VQ VJG OCZKOWO PWODGTQH
FKUETGVG EQPVTQN QWVRWVU RTGUGPV KP VJG QTFGT VJCV VJG KPRWVU CTG
GPEQWPVGTGFD[VJGEQPHKIWTCVKQPUECP
6JGRJ[UKECNEJCPPGNCUUKIPOGPVUCTGKPFKECVGFWPFGTGCEJEJCPPGNV[RGJGCFGTKPVJGHQNNQYKPI
HQTOCV
EE%JCPPDQCTFV[RG KP,P
YJGTG
%JCPP 5GSWGPVKCNEJCPPGNPWODGTVQPVJCVKFGPVKHKGUVJGRJ[UKECNEJCPPGNQPVJG
+1 DQCTF 6JG OCZKOWO TCPIG HQT VJKU PWODGT KU VQ 0QVG
/CZKOWOQHQWVRWVEJCPPGNUQPCP#%+1DQCTF
,P 5NQVPWODGT,VJTQWIJ,YJGTGVJGDQCTFKUNQECVGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGNQIKECNKPRWVQWVRWVPWODGTCUUKIPOGPVUCTGUQNGN[FGRGPFGPVQP+1DQCTFNQECVKQPU6JKU
CUUKIPOGPV KPHQTOU VJG &CP.QCF QH VJG RJ[UKECN KPRWV QWVRWV UKIPCN EQPHKIWTCVKQP CPF
CUUKIPUPQPFWRNKECVGFNQIKECNEJCPPGNPWODGTU NGHVYCTFEQNWOP HQTKFGPVKH[KPIGCEJRQKPV
6JGRJ[UKECNEJCPPGNCUUKIPOGPVUECPPQVDGEJCPIGF6JGCUUKIPOGPVUCTGFGVGTOKPGFD[VJG
RTQEGUU+1DQCTFEQORNGOGPVCPFV[RGQHDQCTFU
(CKN5CHG1RGTCVKQP
6JGQRGTCVKPIUVCVGQHCFKUETGVGQWVRWVKU12'0QTFGGPGTIK\GFYJGPVJGEQPVTQNNGFFGXKEGKUKP
C1((%.15'&014/#.QT5#('UVCVG&KUETGVGQWVRWVUVJCVEQPVTQNHNQYEQPVTQNXCNXGU
DNQEMXCNXGUQTRWORUCTGGPGTIK\GFQT%.15'&VQ12'0VJGXCNXGQT470VJGRWOROQVQTUQ
VJCV CP QRGP YKTG QRGP EQKN QT RQYGT HCKNWTG VQ VJG &CP.QCF YKNN ECWUG VJG CHHGEVGF
XCNXG U VQOQXGVQVJGKT%.15'&RQUKVKQPUCPFRWOROQVQTUVQUVQRTWPPKPI6JKUOGVJQFQH
JCPFNKPIEQPVTQNQWVRWVUCUUWTGUVJCVQRGTCVKQPQHVJGNQCFKPIU[UVGOKUKPJGTGPVN[HCKNUCHG
+PXGTVGF&KUETGVG+PRWVU
+PXGTVGFFKUETGVGKPRWVU+PQTFGTVQRTQXKFGITGCVGTHNGZKDKNKV[YKVJHKGNFUKIPCNUOQUVFKUETGVG
KPRWVHWPEVKQPU GIUCHGV[EKTEWKVKPRWVUUGGVJGNKUVDGNQY ECPDGEQPHKIWTGFVQDGQRGPYJGP
RQYGTKUCRRNKGFENQUGFQVJGTYKUGD[UKORN[CFFKPIVQVJGCEVWCNFKUETGVGKPRWVPWODGT
KG
&KUETGVGKPRWV /GCPKPI
PWODGT
2QKPVPQVEQPHKIWTGF
(KTUVFKUETGVGKPRWVENQUGFYJGPRQYGTCRRNKGF
5GEQPFFKUETGVGKPRWVENQUGFYJGPRQYGTCRRNKGF
(KTUVFKUETGVGKPRWVENQUGFYJGPPQRQYGTCRRNKGF
5GEQPFFKUETGVGKPRWVENQUGFYJGPPQRQYGTCRRNKGF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&KUETGVGKPRWVUPWODGTUCPFCDQXGCTGECNNGFKPXGTVGFFKUETGVGKPRWVU6JG&CP.QCF
XCNKFCVGUKPXGTVGFFKUETGVGKPRWVUDCUGFQPVJGCEVWCNPWODGTQHFKUETGVGKPRWVUGIKHVJGTGCTG
FKUETGVGKPRWVU VYQ#%+1DQCTFUCPFC&%+1DQCTF FKUETGVGKPRWVUVJTWCPF
VJTQWIJECPDGEQPHKIWTGF
+P5GVWRKPXGTVGFFKUETGVGKPRWVUECPDGEQPHKIWTGFHQTVJGHQNNQYKPI
5CHGV[EKTEWKVKPRWVU
4GEKRGUGNGEVKQPKPRWVU
%QORQPGPVDNQEMXCNXGKPRWVU
#WVQOCPWCNEJCPIGQXGT
2TKOCT[CNCTOTGUGVUYKVEJ
(NQYEQPVTQNXCNXGUVGOUYKVEJKPRWVU
(NQYEQPVTQNXCNXGENQUGKPRWVU
/GVGTHNQYKPRWVU
#FFKVKXGUGNGEVKQPKPRWVU
5YKPICPFUYKPIKPRWVU
'PFKPRWV
+VKUPQVDGOGCPKPIHWNVQEQPHKIWTGKPXGTVGFFKUETGVGKPRWVUHQTVJGHQNNQYKPI
#FFKVKXGHGGFDCEMOGVGTKPRWVU
.QIKECN5KIPCN2TQEGUUKPI
6JG&CP.QCFKORNGOGPVUNQIKECNUKIPCNJCPFNKPIVGEJPKSWGUCVVJGRTQEGUUUKIPCNKPVGTHCEG
NGXGN D[ CNNQYKPI CP[ RTQEGUU KPRWV QT QWVRWV UKIPCN VQ DG EQPPGEVGF VQ CP[ RJ[UKECN KPRWV QT
QWVRWV EJCPPGN QH VJG UCOG V[RG UWEJ CU 46& UVCVWU KPRWV QT EQPVTQN QWVRWV 6JKU KU
CEEQORNKUJGFD[CUUKIPKPIGCEJRJ[UKECNKPRWVCPFQWVRWVEJCPPGNVQCPKPVGTPCNNQIKECNEJCPPGN
HWPEVKQP FWTKPIVJGUGVWRRTQEGFWTGXKCVJGRTQITCOEQFGU6JKUFGUKIPRTQXKFGUHNGZKDKNKV[HQT
VJGWUGTD[CNNQYKPIQPGEQOOQPRJ[UKECNEQPHKIWTCVKQPQHVJG&CP.QCFVQDGCFCRVCDNGVQ
OQUVCRRNKECVKQPU+PCFFKVKQPVJGURCTGRCTVUUVQEMKPITGSWKTGOGPVUCTGITGCVN[TGFWEGFUQVJCV
QPN[COKPKOCNPWODGTQHFKHHGTGPVV[RGUQHGNGEVTQPKEUKIPCNKPRWVQWVRWVDQCTFUCTGTGSWKTGF
RJ[UKECNKPRWVCPFQWVRWVEJCPPGNU
NQIKECNKPRWVUCPFQWVRWVU
KPVGTPCNNQIKECNRTQEGUUKPIQHVJGUGEJCPPGNU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
CTGRGTHQTOGFCWVQOCVKECNN[FWTKPIVJGKPKVKCNUGVWRQHVJG&CP.QCF6JGUGCUUKIPOGPVUECP
DG OCPWCNN[ EJCPIGF NCVGT KH TGSWKTGF 6JG EWTTGPV RJ[UKECN EJCPPGN VQ NQIKECN EJCPPGN
CUUKIPOGPVUECPDGXKGYGFCVCP[VKOG#NNRJ[UKECNKPRWVQWVRWVEJCPPGNVQNQIKECNEJCPPGN
CUUKIPOGPVUCTGFGHKPGFKPVJGHQNNQYKPIRTQITCOEQFGITQWRU#RRGPFKZ#EQPVCKPUYQTMUJGGVU
VJCVKFGPVKH[GCEJRQKPV
/GVGTRCTCOGVGTURTQITCOEQFGUVQ
+1RCTCOGVGTURTQITCOEQFGUVQ
4GEKRG+1RCTCOGVGTURTQITCOEQFGUVQ
%QORQPGPV+1RCTCOGVGTURTQITCOEQFGUVQ
#FFKVKXG+1RCTCOGVGTURTQITCOEQFGUVQ
#FFKVKXGRWORUDNQEMXCNXGURTQITCOEQFGUVQ
6JGEJCPPGNCUUKIPOGPVUFGHKPGFD[VJGUGRTQITCOEQFGUCTGXKGYCDNGYJKNGQRGTCVKPIKP2TQITCO
/QFG 6JG TKIJVYCTF EQNWOP QH VJG RTQITCO EQFG FKURNC[ NKPG EQPVCKPU C QPG QT VYQ FKIKV
PWODGT6JKUPWODGTKUVJGEWTTGPVN[CUUKIPGFNQIKECNEJCPPGNPWODGTKPVJGUGTKGUQHEJCPPGN
PWODGTUEQTTGURQPFKPIVQVJGV[RGQHEJCPPGN
&KUETGVGUVCVWUKPRWVUCPFQWVRWVUCTGCUUKIPGFVQFGHCWNVNQIKECNEJCPPGNUFWTKPIUGVWR&WTKPI
KPKVKCNUGVWRECTGHWNN[XGTKH[VJCVCNNKPRWVCPFQWVRWVRQKPVCUUKIPOGPVUOCVEJVJGCEVWCNYKTKPI
QH[QWTKPUVCNNCVKQP5GG#RRGPFKZ#HQTFGHCWNVEJCPPGNCUUKIPOGPVU
DanLoad 6000
6JGFKURNC[GZCORNGCDQXGUJQYUOGUUCIGUVJCVKPFKECVGVJGKPKVKCNUGVWRRTQEGFWTGJCUPGXGTDGGP
GZGEWVGFQPVJKU&CP.QCF'PVGTVJGHCEVQT[FGHCWNVRCUUEQFGYKVJVJGPWOGTKE
MG[UCPFVJGPRTGUUVJG'06'4MG[
6JG 5GV &CVG CPF 6KOG FKURNC[ KU UJQYP PGZV 6JKU FKURNC[ RTQXKFGU VJG OGVJQF VJG UGV VJG
EWTTGPVFCVGCPFVKOGHQTVJG&CP.QCFKPVGTPCNECNGPFCTENQEM6JGFCVGCPFVKOGCTG
OCKPVCKPGFD[CPQPDQCTFDCVVGT[QPVJGOCKPRTQEGUUQTDQCTFCPFFQPQVTGSWKTGGZVGTPCNRQYGT
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GV&CVGCPF6KOG&KURNC[
(KIWTG
6JGEWTTGPVFCVGCPFVKOGCTGFKURNC[GFKPVJGHQTOCVUKPFKECVGFKPVJG5GV&CVGCPF6KOGFKURNC[
6JGFCVGHQTOCVKUCNYC[UKPVJGHQTO OOFF[[ FWTKPIVJGKPKVKCNUGVWR#HVGTVJGKPKVKCNUGVWR
KUEQORNGVGVJGFCVGHQTOCVECPDGEJCPIGXKCRTQITCOEQFG&CVGHQTOCVKHFGUKTGF6JG
FCVGCPFVKOGFGHCWNVFWTKPIKPKVKCNUGVWRCPFDGHQTGOQFKHKECVKQPKUUU=,CPWCT[
UGXGTCNUGEQPFU UU CHVGTOKFPKIJV ?6JGHNCUJKPIWPFGTNKPGEWTUQTKU
FKURNC[GFTKIJVQHVJG'PVGTPGYFCVG OOFF[[ RTQORVNKPGHQTGPVT[QHCFKHHGTGPVFCVGVJCP
VJGEWTTGPVFCVG7UGPWOGTKEMG[UVQVQGPVGTCNNQTRCTVQHCPGYFCVG+HKVKUFGUKTGFVQ
NGCXGVJGXCNWGHQTCP[EQORQPGPVQHVJGEWTTGPVFCVGWPEJCPIGFRTGUUVJG'06'4MG[6JG
'06'4MG[OWUVDGRTGUUGFQPEGCHVGTGCEJEQORQPGPVQHVJGFCVGKUGPVGTGFQTVQCEEGRVVJG
EWTTGPV XCNWG KP VJCV EQORQPGPV #HVGT VJG FCVG JCU DGGP GPVGTGF QT CEEGRVGF VJG HNCUJKPI
WPFGTNKPGEWTUQTOQXGUVQVJGTKIJVQHVJG'PVGTPGYVKOG JJOOUU RTQORV6JGVKOGXCNWG
KUGPVGTGFQTCEEGRVGFKPCUKOKNCTOCPPGTCUVJGFCVGGPVT[6JG':+6 #.6 %.'#4 MG[
OC[DGWUGFCVCP[VKOGVQUVGRVQVJGPGZVGPVT[NKPG
6JG5GV&CVGCPF6KOGFKURNC[ECPDGCEEGUUGFCVCP[VKOGCHVGTVJGKPKVKCNUGVWRRTQEGFWTGKU
EQORNGVGFD[UGNGEVKPI5GV&CVGCPF6KOGHTQOVJG2TQITCO/GPW
Meter totalizers
Meter Gross Std
1 0 0
2 0 0
3 0 0
4 0 0
6JGFKURNC[GZCORNGCDQXGUJQYUVJGITQUUCPFUVCPFCTFXCNWGUQHVJGHNQYOGVGTCEEWOWNCVQTU
6JGXCNWGUOC[DG\GTQUCUKPFKECVGFQTUQOGQVJGTXCNWGU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Initial setup
Is this unit a blender No
6JGFKURNC[GZCORNGCDQXGUJQYUVJGFGHCWNVUGNGEVKQP0QYJKEJKPFKECVGUVJCVVJGCRRNKECVKQP
KUUKPINGEQORQPGPVNQCFKPI6JGFGHCWNVUGNGEVKQPUGVUVJGPWODGTQHHNQYOGVGTUPWODGTQH
HNQY EQPVTQNXCNXGUPWODGTQHEQORQPGPVUVQ CPFWPKVV[RGVQUGSWGPVKCNYKVJCWVQOCVKE
EQPVTQNQHVJGDNQEMXCNXG
+HVJGCRRNKECVKQPTGSWKTGUDNGPFKPIQHVYQVQHQWTEQORQPGPVURTGUUVJG5'.'%6MG[VQUETQNN
VJGRKEMNKUVVQVJG;GUQRVKQP2TGUUVJG'06'4QTVJGCTTQYMG[VQUGNGEVVJGPGZVRTQITCO
EQFG6JG6[RGQHDNGPFGTFGHCWNVUVQ5GS CWVQ +HCPQVJGTV[RGQHDNGPFKPIEQPVTQNKUFGUKTGF
RTGUUVJG5'.'%6MG[VQUETQNNVJGQRVKQPUNKUV QRVKQPUCTGFGUETKDGFKP5GEVKQP7PKV
V[RG2TGUUVJGCTTQYMG[VQUGNGEVVJGPGZVRTQITCOEQFG
+H6[RGQHDNGPFGTKU+PNKPGQT1HHTCEMVJGPGZVRTQORVFKURNC[GFKU
0WODGTQHOGVGTUYJKEJFGHCWNVUVQ
#EEGRVQTEJCPIGVJGFGHCWNVXCNWGCUTGSWKTGF
Initial setup
Is this unit a blender Yes
Type of blender Seq.(auto)
065 Number of components 2
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVG
(QTVJGTGOCKPKPIFGUETKRVKQPQHVJGKPKVKCNUGVWRRTQEGFWTGKVKUCUUWOGFVJCV
+UVJKUWPKVCDNGPFGT!UGNGEVKQPTGOCKPUVJGFGHCWNVQRVKQP0Q
6JGHQNNQYKPIFGUETKRVKQPEQXGTUQPGHNQYOGVGTQPGHNQYEQPVTQNXCNXGCPFQPG
EQORQPGPV6JGRTQEGFWTGHQTFGHKPKPIOWNVKRNGFGXKEGUCPFEQORQPGPVUKUUKOKNCTGZEGRV
HQTVJGTGSWKTGOGPVVQFGHKPGCFFKVKQPCNRTQITCOEQFGUHQTVJGCFFKVKQPCNFGXKEGUCPF
EQORQPGPVU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Meter 1 parameters
051 Meter ID M1
052 Valve to be controlled 1
6JG FKURNC[ GZCORNG CDQXG UJQYU RTQITCO EQFGU TGNCVGF VQ HNQY OGVGT PWODGT 6JG 0Q
UGNGEVKQPHQTDNGPFKPIJCUUGVVJGPWODGTQHOGVGTUVQRTQITCOEQFGKPFKECVGFDGNQYKU
PQVFKURNC[GFKPVJGKPKVKCNUGVWRRTQEGFWTG
0WODGTQHOGVGTU
/GVGT+& /
&GHCWNVUVTKPI/6JGCNRJCPWOGTKEFCVCGPVT[RTQORVKUFKURNC[GFQPVJGDQVVQONKPGVQCNNQY
VJGWUGTVQEJCPIGVJKUUVTKPIVQCP[HKXGEJCTCEVGTU
8CNXGVQDGEQPVTQNNGF
&GHCWNVXCNWGKUXCNXGPWODGT#UUKIPUCHNQYEQPVTQNXCNXGVQEQPVTQNHNQYVJTQWIJVJKUOGVGT
#HNQYEQPVTQNXCNXGOWUVDGCUUKIPGFVQGCEJOGVGTVQEQPVTQNVJGDCVEJNQCFKPI/QTGVJCPQPG
OGVGTDGCUUKIPGFVQVJGUCOGHNQYEQPVTQNXCNXG
0QVG
+HVJG&CP.QCFKUEQPHKIWTGFCUC5GS CWVQ QT5GS OCPWCN OWNVKEQORQPGPV
DNGPFGTEQORQPGPVUCTGFGHKPGFCVVJKUVKOG+HVJG&CP.QCFKUEQPHKIWTGFCUCP+P
NKPGQT1HHTCEMDNGPFGTHNQYOGVGTUVJTQWIJCUTGSWKTGFCTGFGHKPGFCVVJKUVKOG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Component 1
066 Component ID Component #1
067 Meter 1
068 Mass adjustment 0.000000
6JG FKURNC[ GZCORNG CDQXG UJQYU RTQITCO EQFGU TGNCVGF VQ EQORQPGPV PWODGT 6JG 0Q
UGNGEVKQPHQTDNGPFKPIJCUUGVVJGPWODGTQHEQORQPGPVUVQRTQITCOEQFGKPFKECVGFDGNQY
KUPQVFKURNC[GFKPVJGKPKVKCNUGVWRRTQEGFWTG
0WODGTQHEQORQPGPVU
%QORQPGPV+& %QORQPGPV
&GHCWNVUVTKPI%QORQPGPV6JGCNRJCPWOGTKEFCVCGPVT[RTQORVKUFKURNC[GFQPVJGOGUUCIG
NKPGVQCNNQYVJGWUGTVQEJCPIGVJKUUVTKPIVQCP[UKZVGGPEJCTCEVGTU
/GVGT
&GHCWNVXCNWG6JKUPWODGTKPFKECVGUVJCVHNQYOGVGTKUCUUKIPGFVQOGCUWTGVJKUEQORQPGPV
1PN[ QPG HNQY OGVGT OGVGT KU FGHKPGF CV VJKU VKOG UQ KU VJG QPN[ XCNKF CUUKIPOGPV
*QYGXGTVJKUCUUKIPOGPVECPDGHTQOVQFGRGPFKPIQPVJGPWODGTQHHNQYOGVGTUFGHKPGF
KPVJGKPUVCNNCVKQP 6JKURTQITCOEQFGFGHKPGUVJGTGNCVKQPDGVYGGPEQORQPGPVU RTQFWEVU CPF
HNQYOGVGTU
/CUUCFLWUVOGPV
&GHCWNVUGNGEVKQP6JKURTQITCOEQFGUGVUVJGéOCUUEQORWVCVKQPCFLWUVOGPVêHCEVQT
UWEJVJCV/CUU5VFXQNWOGZ &GPUKV[$WQ[CPE[Z 9JKNGVJGUVFXQNWOGKUV[RKECNN[
UKOKNCT KP OCIPKVWFG VQ VJG ITQUU XQNWOG KG C UKOKNCT PWODGT QH WPKVU VJG OCUU OC[ DG
UWDUVCPVKCNN[FKHHGTGPVHTQODQVJ
0QVG
+HVJG&CP.QCFKUEQPHKIWTGFCUC5GS CWVQ QT5GS OCPWCN OWNVKEQORQPGPV
DNGPFGTCFFKVKQPCNEQORQPGPVUCTGFGHKPGFCVVJKUVKOG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Delivery parameters
078 Maximum preset qty 3000
079 Minimum preset qty 50
080 Preset/delivery type Gross
081 Delivery display type Gross
082 Stop key action Low flow
083 Fall back qty 1000
6JGFKURNC[GZCORNGCDQXGUJQYUINQDCNRTQITCOEQFGUTGNCVGFVQVJGFGNKXGT[OGVJQFWUGFVQ
FGNKXGTCNNFGHKPGFEQORQPGPVU6JGFGHCWNVFGNKXGT[RTQITCOEQFGUUJQWNFDGXGTKHKGFQTEJCPIGF
CUTGSWKTGFVQOCVEJVJGTGSWKTGOGPVUQHVJGKPUVCNNCVKQP
/CZKOWORTGUGVSV[
&GHCWNVXCNWG6JGGPVT[UGVUVJGWRRGTSWCPVKV[NKOKVHQTCP[DCVEJFGNKXGT[VJCVECPDG
GPVGTGFD[VJGWUGTQRGTCVQTFWTKPICNQCFKPIQRGTCVKQPUGVWR6JGXCNWGKUV[RKECNN[UGVVQVJG
SWCPVKV[QHVJGNCTIGUV EQORCTVOGPVVQDGNQCFGFKPCP[CWVJQTK\GFVCPMGTXGJKENG1RGTCVKPI
RTQEGFWTGUOC[TGSWKTGNQCFKPIQHCSWCPVKV[KPGZEGUUQHVJKUPWODGTD[NQCFKPIOQTGVJCPQPG
DCVEJVQQPGEQORCTVOGPV
/KPKOWORTGUGVSV[
&GHCWNVXCNWG6JGGPVT[FGHKPGUVJGNQYGTSWCPVKV[NKOKVHQTCP[DCVEJFGNKXGT[VJCVECPDG
GPVGTGFD[VJGWUGTQRGTCVQTFWTKPICNQCFKPIQRGTCVKQPUGVWR6JKUSWCPVKV[KUTGHGTTGFVQCUVJG
HNWUJKPISWCPVKV[CVUQOGKPUVCNNCVKQPU4GHGTVQ5GEVKQPHQTFGVCKNUQPVJGURGEKCNXCNWG\GTQ
QRGTCVKQP
2TGUGVFGNKXGT[V[RG )TQUU
&GHCWNVUGNGEVKQP)TQUU6JKUUGNGEVKQPKPFKECVGUVJCVVJGITQUUSWCPVKV[ECNEWNCVKQPKUWUGFHQT
FGNKXGT[EQPVTQN6JGHNQYEQPVTQNXCNXGCNYC[UEQPVTQNUTCORWRVQJKIJHNQYTCVGDCUGFQPITQUU
FGNKXGTGF SWCPVKV[ 6JG HNQY EQPVTQN XCNXG EQPVTQNU TCOR FQYP VQ VJG NQY HNQY TCVG CPF
VGTOKPCVGUFGNKXGT[DCUGFQPVJGSWCPVKV[V[RGUGNGEVKQPKPVJKUHKGNF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&GNKXGT[FKURNC[V[RG )TQUU
&GHCWNVUGNGEVKQP)TQUU6JKUUGNGEVKQPKPFKECVGUVJCVVJG.QCFGF4GOCKPKPICPF6TCPUCEVKQP
XCNWGUCTGFKURNC[GFKPITQUUSWCPVKV[
5VQRMG[CEVKQP .QYHNQY
&GHCWNVUGNGEVKQP.QYHNQY6JKUUGNGEVKQPKPFKECVGUVJGCEVKQPVQVCMGCHVGTVJG 5612MG[KU
RTGUUGFFWTKPICDCVEJFGNKXGT[6JGHNQYTCVGKUTGFWEGFWPVKNVJGNQYHNQYTCVGKUCEJKGXGFCPF
VJGPVJGNQCFKUVGTOKPCVGFD[EQOOCPFKPIVJGHNQYEQPVTQNXCNXGVQENQUG
(CNNDCEMSV[
&GHCWNV XCNWG 6JKU XCNWG KU VJG SWCPVKV[ VJCV HNQYU CV C HCNN DCEM HNQY TCVG DGHQTG VJG
&CP.QCFCVVGORVUVQTCORWRVQVJGPGZVJKIJGTHNQYTCVG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGFGNKXGT[OGVJQFWUGFVQFGNKXGT
VJG EQORQPGPV PWODGT QPN[ 6JGUG FGHCWNV FGNKXGT[ RTQITCO EQFGU UJQWNF DG XGTKHKGF QT
EJCPIGFCUTGSWKTGFFGRGPFKPIQPVJGFGUKIPQHVJGKPUVCNNCVKQP
.QYHNQYUVCTVSV[
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJGSWCPVKV[WPKVUVJCVOWUVDGNQCFGFCVVJGNQYHNQYTCVG
DGHQTGKUUWKPIVJGJKIJHNQYEQOOCPFVQVJGHNQYEQPVTQNXCNXG 5GSWGPVKCNWPKVV[RGQPN[
.QYHNQYTGUVCTVSV[
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJGSWCPVKV[WPKVUVJCVOWUVDGNQCFGFCVVJGNQYHNQYTCVG
DGHQTG KUUWKPI VJGJKIJHNQYEQOOCPFVQVJGHNQYEQPVTQNXCNXG+HVJGSWCPVKV[URGEKHKGFD[
RTQITCOEQFG.QYHNQYUVCTVSWCPVKV[JCUDGGPFGNKXGTGFVJKUSWCPVKV[KUWUGFCHVGTTGUVCTV
QHCDCVEJFGNKXGT[VJCVJCUDGGPVGORQTCTKN[UWURGPFGFHQTCP[TGCUQP 5GSWGPVKCNWPKVV[RG
QPN[
.QYHNQYUVQRSV[
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJGSWCPVKV[WPKVUVJCVOWUVDGNQCFGFCVVJGNQYHNQYTCVG
DGHQTG KUUWKPI VJG ENQUG EQOOCPF VQ VJG HNQY EQPVTQN XCNXG CV VJG GPF QH C DCVEJ FGNKXGT[
QRGTCVKQP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
.KPGRCEMFGNC[ U
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJGRWORTWPTGNC[QWVRWVKUGPGTIK\GFVYQUGEQPFU
DGHQTGVJGEQOOCPFKUKUUWGFVQQRGPVJGHNQYEQPVTQNXCNXGVQNQYHNQYTCVGUGVVKPI
2WORUVQRFGNC[ U
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJGEQOOCPFVQENQUGVJGHNQYEQPVTQNXCNXGKUKUUWGF
CPFUGEQPFUNCVGTVJGRWORTWPTGNC[QWVRWVKUFGGPGTIK\GF
$NQEMXCNXGFGNC[ U
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJGEQPVTQNQWVRWVVQQRGPVJGEQORQPGPVDNQEMXCNXG
KUKUUWGFCPFUGEQPFUNCVGT KOOGFKCVGN[ VJGEQOOCPFVQQRGPVJGHNQYEQPVTQNXCNXGVQNQY
HNQY TCVG KU KUUWGF 6JG DNQEM XCNXG EQPVTQN QWVRWV KU QRGPGF DNQEM XCNXG ENQUGF CV VJG
VGTOKPCVKQPQHVJGDCVEJFGNKXGT[
0QVG
+HVJG&CP.QCFKUEQPHKIWTGFCUCOWNVKEQORQPGPVDNGPFGTCFFKVKQPCNEQORQPGPVU
CTGFGHKPGFCVVJKUVKOG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYUINQDCNRTQITCOEQFGUTGNCVGFVQVJGOGVJQFWUGFVQCFLWUVHNQY
EQPVTQNXCNXGUCFFKVKXGRWOREQPVTQNCPFDNGPFKPI
4CORENKEMU
&GHCWNVXCNWG6JKUXCNWGKUVJGPWODGTQHVKOGUVJCVVJG&CP.QCFCVVGORVUVQKPETGCUG
VJGHNQYTCVGVQCJKIJGTHNQYTCVGYKVJQWVUWEEGUUDGHQTGEGCUKPICVVGORVUCPFOCKPVCKPKPIVJG
HCNNDCEMHNQYTCVG%NKEMTGHGTUVQVJGLQIQWVRWVVQVJGXCNXGEQPVTQNUQNGPQKFU
/CKPVGPCPEGENKEMU
&GHCWNVXCNWG6JKUXCNWGKUVJGPWODGTQHVKOGUVJCVVJG&CP.QCFCVVGORVUVQOCKPVCKP
VJGEWTTGPVPQTOCNHNQYTCVGYKVJQWVUWEEGUUDGHQTGEGCUKPICVVGORVUCPFHCNNKPIDCEMVQVJGPGZV
NQYGTHNQYTCVG%NKEMTGHGTUVQVJGLQIQWVRWVVQVJGXCNXGEQPVTQNUQNGPQKFU
#FFKVKXGRWORUVQR U
&GHCWNVXCNWG6JKUXCNWGKUVJGPWODGTQHUGEQPFUDGVYGGPVJGGPFQHVJGNQCFQRGTCVKQPCPF
FGGPGTIK\KPIVJGCFFKVKXGRWOREQPVTQNEKTEWKVU
2TKOCT[EQORQPGPV
&GHCWNVXCNWG6JKUXCNWGUGVUVJGPWODGTQHVJGEQORQPGPVVQWUGHQTECNEWNCVKQPQHDNGPF
TCVKQUCPFHQTENGCPNKPGHNWUJKPI 1PN[CRRNKECDNGYJGPRTQITCOEQFG$NGPFGTTQTOGVJQF
UGVVQ)TUREVUORNQT5VFREVUORN
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Meter factors
169 Number of factors/component 2
170 Meter factor method Fixed
0WODGTQHHCEVQTUEQORQPGPV
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVYQOGVGTHCEVQTUHQTGCEJEQORQPGPVCVVYQFKHHGTGPV
HNQYTCVGU NQYHNQYUVCTVUVQRCPFJKIJHNQY YKNNDGFGHKPGF7RVQHQWTHNQYTCVGUHQTGCEJ
EQORQPGPVECPDGFGHKPGF
/GVGTHCEVQTOGVJQF (KZGF
&GHCWNV UGNGEVKQP (KZGF 6JKU UGNGEVKQP KPFKECVGU VJCV VJG GZCEV OGVGT HCEVQTU CTG WUGF CPF PQ
OCVJGOCVKECNKPVGTRQNCVKQPQHVJGOGVGTHCEVQTXCNWGUDGVYGGPCUUQEKCVGFHNQYTCVGRQKPVUYKNNDG
RGTHQTOGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Component 1 factors
171 Nominal K-factor 23.0
172 Master meter factor 1.0000
173 Stop rate 120
6JG FKURNC[ GZCORNG CDQXG UJQYU RTQITCO EQFGU TGNCVGF VQ EQORQPGPV PWODGT QPN[ 6JG
&CP.QCFOCKPVCKPUVJGHKZGFTGNCVKQPUJKRDGVYGGPGCEJFGHKPGFEQORQPGPVCPFGCEJHNQY
OGVGTUQVJCVJKIJHNQYOGCUWTGOGPVCEEWTCE[ECPDGOCKPVCKPGFYJGPOWNVKRNGEQORQPGPVUCTG
FGNKXGTGFVJTQWIJQPGHNQYOGVGT
0QVG
6JGXCNWGUQHRTQITCOEQFG0QOKPCN-HCEVQTJCXGITGCVCHHGEVQP
EQPVTQNQHVJGSWCPVKV[QHRTQFWEVFGNKXGTGFCPFHNQYOGCUWTGOGPVCEEWTCE[6JGUG
RTQITCOEQFGXCNWGUOWUVDGUGVRTQRGTN[DGHQTGCP[NQCFKPIQRGTCVKQPKURGTHQTOGF
0QOKPCN-HCEVQT
&GHCWNV XCNWG 6JKU XCNWG KPFKECVGU VJG -HCEVQT U[UVGO HCEVQT HQT VJG HNQY OGVGT
=016'6JGKPKVKCN-HCEVQTUJQWNFDGVJGRWNUGURGTSWCPVKV[WPKVQDVCKPGFHTQOVJGHNQYOGVGT
KFGPVKHKECVKQPRNCVGQTHTQOVJGOCPWHCEVWTGT6JKUPWODGTUJQWNFDGOCVJGOCVKECNN[TQWPFGFVQ
QPGFGEKOCNRNCEG PPP KHPGEGUUCT[?
/CUVGTOGVGTHCEVQT
&GHCWNVXCNWG6JKUXCNWGKUVJGDCUGOGVGTHCEVQTXCNWGWUGFHQTEQORCTKUQPYKVJCNN
U[UVGOOGVGTHCEVQTGPVTKGU2TQITCOEQFG=?=?=
?=?%QORROGVGTHCEVQTHOGVGTHCEVQTUCTGEQORCTGFVQ
VJG RTQITCO EQFG /CUVGT OGVGT HCEVQT HQT VJG EQORQPGPV CPF CTG
EQPUKFGTGFKPXCNKFKHVJG[FGXKCVGOQTGVJCP VJGRGTEGPVCIGXCNWGQHRTQITCOEQFG/CUVGT
/(+PVJKUGZCORNGCUUWOKPIVJCVRTQITCOEQFG/CUVGT/(KUVJGFGHCWNVXCNWGQH
CEEGRVCDNGOGVGTHCEVQTUOWUVDGYKVJKPVJGTCPIGQHVQ 016'6JGOCUVGT
OGVGT HCEVQT KU ECNEWNCVGF D[ VJG 0QOKPCN -HCEVQT FKXKFGF D[ VJG CEVWCN -HCEVQT CPF
OCVJGOCVKECNN[TQWPFGFVQHQWTFGEKOCNRNCEGU
5VQRTCVG
&GHCWNVXCNWGKU6JKURTQITCOEQFGFGHKPGUVJGHNQYTCVGCVYJKEJCEQORQPGPVKUFGNKXGTGF
FWTKPIVJGEQORQPGPVçUEQPHKIWTGFNQYHNQYUVQRSWCPVKV[CVVJGGPFQHCPKPNKPGDCVEJ6JG
QXGTCNNHNQYTCVGQHVJGDNGPFCVVJGGPFQHCDCVEJKUVJGUWOQHVJGUVQRTCVGUQHCP[HNQYKPI
EQORQPGPVU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Component 1 factor 1
174 Comp 1 flow rate 1 200
175 Comp 1 meter factor 1 1.0000
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQEQORQPGPVCPFOGVGTHCEVQT NQY
HNQYTCVG QPN[
%QORHNQYTCVG
&GHCWNVXCNWG6JKUXCNWGKUVJGECNKDTCVKQPHNQYTCVGHQTOGVGTHCEVQTCPFKUCNUQVJGNQY
HNQYUVCTVCPFUVQRHNQYTCVGHQTUGSWGPVKCNWPKVV[RG6JGHNQYTCVGKUKPSWCPVKV[WPKVURGTOKPWVG
UWEJCUICNNQPURGTOKPWVG 6JGGPIKPGGTKPIWPKVUCTGFGRGPFGPVQPVJGXCNWGQHRTQITCOEQFG
0QOKPCN-HCEVQTYJKEJFGVGTOKPGUVJGSWCPVKV[WPKVCEEWOWNCVKQPWPKVUCPFHNQYTCVGWPKVU
HQTVJGHNQYOGVGT
'ZCORNG +HSWCPVKV[WPKVUCTGICNNQPUGPIKPGGTKPIWPKVUHQTVJKURTQITCOEQFGCTGICNNQPU
RGTOKPWVG
%QOROGVGTHCEVQT
&GHCWNVXCNWG6JKUXCNWGKUVJGOGVGTHCEVQTHQTHNQYTCVGRTQITCOEQFG%QOR
HNQYTCVG 016'6JGOGVGTHCEVQTKUECNEWNCVGFD[VJGRTQITCOEQFG0QOKPCN-HCEVQT
FKXKFGFD[VJGCEVWCN-HCEVQTCPFOCVJGOCVKECNN[TQWPFGFVQHQWTFGEKOCNRNCEGU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Component 1 factor 2
176 Comp 1 flow rate 2 600
177 Comp 1 meter factor 2 1.0000
6JG FKURNC[ GZCORNG CDQXG UJQYU RTQITCO EQFGU TGNCVGF VQ EQORQPGPV CPF OGVGT HCEVQT
YJKEJKUVJGJKIJHNQYTCVGHQTUGSWGPVKCNWPKVV[RGYKVJVJGPWODGTQHHCEVQTUUGVVQ
%QORHNQYTCVG
&GHCWNVXCNWG6JKUXCNWGKUVJGHNQYTCVGHQTOGVGTHCEVQTKPSWCPVKV[WPKVURGTOKPWVG
UWEJCUICNNQPURGTOKPWVG 6JGGPIKPGGTKPIWPKVUCTGFGRGPFGPVQPVJGXCNWGQHRTQITCOEQFG
0QOKPCN-HCEVQTYJKEJFGVGTOKPGUVJGSWCPVKV[WPKVCEEWOWNCVKQPWPKVUCPFHNQYTCVGWPKVU
HQTVJGHNQYOGVGT'ZCORNG+HSWCPVKV[WPKVUCTGICNNQPUGPIKPGGTKPIWPKVUHQTVJKURTQITCO
EQFGCTGICNNQPURGTOKPWVG
%QOROGVGTHCEVQT
&GHCWNVXCNWG6JKUXCNWGKUVJGOGVGTHCEVQTHQTHNQYTCTG 016'6JGKPKVKCNOGVGT
HCEVQTUJQWNFDGWPVKNCPCEVWCNOGVGTHCEVQTECPDGFGVGTOKPGFHTQOCOGVGTRTQQH6JG
KPKVKCNOGVGTHCEVQTKUECNEWNCVGFD[RTQITCOEQFG0QOKPCN-HCEVQTFKXKFGFD[VJGCEVWCN-
HCEVQTCPFOCVJGOCVKECNN[TQWPFGFVQHQWTFGEKOCNRNCEGU
0QVG
#VJKTFCPFHQWTVJHNQYTCVGHQTEQORQPGPVECPDGFGHKPGFCVVJKUVKOGKHFGUKTGF+HVJG
EQORQPGPV UOGVGTYKNNDGRTQXGFCVOQTGVJCPVYQHNQYTCVGUCFFKVKQPCNHNQYTCVGUOGVGT
HCEVQTUECPDGFGHKPGFCVVJKUVKOG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
MF validation
215 Master MF % 2.00
216 Adjacent MF % 0.25
217 Passcode per transaction No
218 Product units mnemonic Gal
219 Use restart qty No
6JG FKURNC[ GZCORNG CDQXG UJQYU INQDCN RTQITCO EQFGU VJCV UGV VJG NKOKVU HQT XCNKFCVKQP QH
OCPWCNN[GPVGTGFOGVGTHCEVQTU
/CUVGT/(
&GHCWNVXCNWG6JKUXCNWGKUVJGUGVRQKPVHQTXGTKHKECVKQPQHKPFKXKFWCNEQORQPGPVOGVGT
HCEVQTUYKVJTGURGEVVQVJG/CUVGTOGVGTHCEVQTHQTVJGEQORQPGPV2TQITCOEQFGUHQTOCUVGT
OGVGTHCEVQTUCPFEQORQPGPVUCTGKPFKECVGFKPVJGVCDNGDGNQY
%QORQPGPVU
/CUVGT/GVGT(CEVQTU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#FLCEGPV/(
&GHCWNVXCNWG6JKUXCNWGKUVJGUGVRQKPVHQTXGTKHKECVKQPQHKPFKXKFWCNEQORQPGPVOGVGT
HCEVQTUYKVJTGURGEVVQCFLCEGPVOGVGTHCEVQTUHQTVJGEQORQPGPV2TQITCOEQFGUHQTOCUVGTOGVGT
HCEVQTUCPFCFLCEGPVOGVGTHCEVQTUCTGKPFKECVGFKPVJGVCDNGDGNQY'PVGTKPIFKUCDNGUVJG
XCNKFCVKQP
%QORQPGPVU
/CUVGT/GVGT(CEVQTU
#FLCEGPV/GVGT(CEVQTU
2CUUEQFGRGTVTCPUCEVKQP 0Q
0QVKORNGOGPVGF
2TQFWEVWPKVUOPGOQPKE )CN
7UGTGUVCTVSV[ 0Q
5GNGEVGKVJGTé0QêQTé;GUê+Hé0QêKUUGNGEVGFUVCTVWRGCEJEQORQPGPVD[NQCFKPIKVUNQY
HNQY UVCTV SWCPVKV[ CV KVU NQY HNQY TCVG +H é;GUê KU UGNGEVGF UVCTV WR VJG HKTUV EQORQPGPV D[
NQCFKPIKVUNQYHNQYUVCTVSWCPVKV[CVKVUNQYHNQYTCVG5VCTVWRHWTVJGTEQORQPGPVUD[NQCFKPI
VJGKTNQYHNQYTGUVCTVSWCPVKVKGUCVVJGKTNQYHNQYTCVGU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Alarm parameters
220 Secondary alarm reset (s) 300
6JGFKURNC[GZCORNGCDQXGUJQYUCINQDCNRTQITCOEQFGVJCVUGVUVJGUVQTCIGVKOGHQTUGEQPFCT[
CNCTOEQPFKVKQPU
5GEQPFCT[CNCTOTGUGV U
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVCEVKXGCNCTOUFGUKIPCVGFCU5GEQPFCT[CNCTOUYKNN
DGCWVQOCVKECNN[ENGCTGF TGUGV CHVGTUGEQPFUJCUGNCRUGF
6JGVKOGNKOKVCNNQYUVKOGHQTVJGQRGTCVQTVQEQTTGEVCEQPFKVKQPVJCVECWUGUCUGEQPFCT[CNCTO
VQQEEWTFWTKPINQCFKPI6JGUGEQPFCT[CNCTOEQPFKVKQPVGTOKPCVGFVJGDCVEJFGNKXGT[*QYGXGT
KHVJGECWUGQHVJGUGEQPFCT[CNCTOKU ENGCTGF YKVJKPVJGVKOGURGEKHKGFD[RTQITCOEQFG
5GEQPFCT[CNCTOTGUGV U VJGRTQFWEVFGNKXGT[ECPDGTGUVCTVGF+HVJGECWUGQHVJGCNCTOKUPQV
ENGCTGFYKVJKPVJG VKOGURGEKHKGFD[RTQITCOEQFG 5GEQPFCT[CNCTOTGUGV U VJGDCVEJ
FGNKXGT[KUGPFGFCPFCPGYDCVEJOWUVDGFGHKPGFDGHQTGFGNKXGT[ECPTGUWOG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGTGURQPUGVQGCEJCNCTOKUEQPVTQNNGFD[VJGUGVVKPIQHVJG#NCTO#EVKQPEQTTGURQPFKPIVQVJCV
CNCTO 6JG HQWT RQUUKDNG CNCTO CEVKQPU CTG FGUETKDGF DGNQY 6JG CNCTO CEVKQPU HQT UGXGTCN
CNCTOU CTG NKOKVGF VQ NGUU VJCP HQWT UGNGEVKQPU 6JG #NCTO CEVKQP HQT UGXGTCN CNCTOU KU RTG
FGVGTOKPGFCPFECPPQVDGEJCPIGF
'KVJGT QT DQVJ CNCTO FKUETGVG QWVRWVU RTQITCO EQFGU 6GTOKPCN CWVQOCVKQP U[UVGO
#NCTO QWVRWV CPF #NCTO QWVRWV KU OCKPVCKPGF
ENQUGF KH FGHKPGF CPF GPCDNGF D[ VJG EQTTGURQPFKPI
OCUM
5GEQPFCT[ +H C FGNKXGT[ KU KP RTQITGUU VJG HNQY EQPVTQN XCNXG KU UJWV %QTTGEV ECWUG QH CNCTO
CPF VJG FGNKXGT[ KU UWURGPFGF &GNKXGT[ ECPPQV TGUWOG
WPVKN VJG CNCTO KU ENGCTGF QT VJG 5GEQPFCT[ CNCTO TGUGV #WVQOCVKECNN[ TGUGV CHVGT VKOG XCNWG KP
VKOG JCU GNCRUGF RTQITCO EQFG 5GEQPFCT[ CNCTO
TGUGV U JCU GNCRUGF
4'& NQYGT .'& QP QRGTCVQT RCPGN KU RWNUGF 10 1((
+PHQ #P GXGPV OGUUCIG KU FKURNC[GF QP VJG OGUUCIG NKPG QH VJG PQV CRRNKECDNG
FKURNC[ RCPGN HQT VGP UGEQPFU QT URGEKCN RTQEGUUKPI KU
RGTHQTOGF 'ZCORNG QH URGEKCN RTQEGUUKPI KU KUUWKPI C
VGORGTCVWTG HCKNWTG CNCTO
#NCTO#EVKQP5WOOCT[
(KIWTG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUYJKEJFGHKPGVJGINQDCNOGVJQFQHRTQEGUUKPI
NQYCPFJKIJHNQYTCVGEQPFKVKQPUHQTCP[FGHKPGFHNQYOGVGT
.QYHNQYCNCTOCEVKQP 2TKOCT[
&GHCWNVUGNGEVKQP2TKOCT[6JKUUGNGEVKQPKPFKECVGUVJCVKHVJG.QYHNQYCNCTODGEQOGUCEVKXG
VJGEWTTGPVFGNKXGT[QRGTCVKQPYKNNDGUWURGPFGF
/KPKOWOHNQYTCVG
.QYHNQYVKOG U
&GHCWNVXCNWG6JKUXCNWGKUVJGGNCRUGFVKOGCNNQYGFHQTVJGHNQYTCVGVQDGEQPVKPWQWUN[
DGNQYVJGOKPKOWOHNQYTCVGURGEKHKGFD[RTQITCOEQFG/KPKOWOHNQYTCVGDGHQTGVJGCNCTO
KUVTKIIGTGF
*KIJHNQYCNCTOCEVKQP 2TKOCT[
&GHCWNVUGNGEVKQP2TKOCT[6JKUUGNGEVKQPKPFKECVGUVJCVKHVJG*KIJHNQYCNCTODGEQOGUCEVKXG
VJGEWTTGPVFGNKXGT[QRGTCVKQPYKNNDGUWURGPFGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
/CZKOWOHNQYTCVG
*KIJHNQYVKOG U
&GHCWNVXCNWG6JKUXCNWGKUVJGGNCRUGFVKOGCNNQYGFHQTVJGHNQYTCVGVQDGEQPVKPWQWUN[
DGNQYVJGOKPKOWOHNQYTCVGURGEKHKGFD[RTQITCOEQFG/CZKOWOHNQYTCVGDGHQTGVJGCNCTO
KUVTKIIGTGF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUYJKEJFGHKPGVJGOGVJQFQHRTQEGUUKPIUGXGTCN
HNQYTGNCVGFGTTQTEQPFKVKQPU
1XGTTWPNKOKVSV[
&GHCWNVXCNWG6JKUXCNWGKUVJGSWCPVKV[WPKVUCNNQYGFVQDGFGNKXGTGFYJKEJGZEGGFVJGRTGUGV
SWCPVKV[6JGCNCTOECPQPN[QEEWTCHVGTVJG&CP.QCFJCUCVVGORVGFVQUVQRVJGFGNKXGT[KP
VJGPQTOCNOCPPGT6JGCNCTORTKQTKV[UGNGEVKQPKURGTOCPGPVN[UGVVQ2TKOCT[+HVJG1XGTTWP
NKOKV SWCPVKV[ CNCTO DGEQOGU CEVKXG VJG FGNKXGT[ QRGTCVKQP KP RTQITGUU YKNN DG UWURGPFGF
016'+VOC[DGPGEGUUCT[VQVGORQTCTKN[UGVVJKUXCNWGVQCUKIPKHKECPVN[NCTIGTXCNWGYJKNGVJG
HKTUVUGXGTCNDCVEJGUCTGFGNKXGTGFCVCPGYKPUVCNNCVKQP6JKUKUTGSWKTGFUQVJCVVJG&CP.QCF
ECP ECNEWNCVG VJG HKPCN VTKR QT ENQUKPI SWCPVKV[ FGNKXGTGF 6JG &CP.QCF FQGU PQV
ECNEWNCVGVJGHKPCNVTKRSWCPVKV[KHVJGFGNKXGT[KUVGTOKPCVGFD[CPCNCTOCEVKQP
9CTPKPI
7UGUGXGTCNUOCNNSWCPVKV[DCVEJFGNKXGTKGUVQNQCFCXGUUGNCHVGTKPKVKCNUGVWR6JKU
RTQEGFWTGRGTOKVUXGTKHKECVKQPQHRTQRGTHNQYEQPVTQNXCNXGQRGTCVKQPCPFRTGXGPVU
QXGTHKNNKPIVJGXGUUGN
7PFGTHNQYCNCTOCEVKQP 1HH
&GHCWNVUGNGEVKQP1HH6JKUUGNGEVKQPKPFKECVGUVJGCEVKQPVCMGPKHVJGFGNKXGTGFSWCPVKV[KUNGUUVJCP
VJGXCNWGQHRTQITCOEQFG7PFGTHNQYNKOKVSWCPVKV[6JG1HHUGNGEVKQPFKUCDNGUVJGWPFGTHNQY
CNCTO
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
7PFGTHNQYNKOKVSV[
&GHCWNVXCNWG6JKUXCNWGKUVJGPWODGTQHSWCPVKV[WPKVUCNNQYGFHQTVJGFGNKXGTGFSWCPVKV[
VQDGNGUUVJCPVJGRTGUGVSWCPVKV[CVVJGGPFQHCDCVEJFGNKXGT[QRGTCVKQP
0QHNQYVQCNCTOCEVKQP 2TKOCT[
&GHCWNVUGNGEVKQP2TKOCT[6JKUUGNGEVKQPKPFKECVGUVJCVKHVJG0QHNQYCNCTODGEQOGUCEVKXGVJG
EWTTGPVFGNKXGT[QRGTCVKQPYKNNDGUWURGPFGF
0QHNQYVQ U
&GHCWNVXCNWG6JKUXCNWGKUGNCRUGFVKOGCNNQYGFHQTPQVTGEGKXKPICP[RWNUGUHTQOVJGHNQY
OGVGTYJGPVJGU[UVGOKUKPCEQORQPGPVHNQYKPIEQPHKIWTCVKQP
'ZCORNG 6JGRWORKUTWPPKPIVJGDNQEMXCNXGKU12'0CPFVJGHNQYEQPVTQNXCNXGKU
12'0CPFPQRWNUGUCTGFGVGEVGF
7PCWVJQTK\GFHNQYSV[
&GHCWNV XCNWG 6JG SWCPVKV[ QH WPCWVJQTK\GF HNQY CV YJKEJ CP WPCWVJQTK\GF HNQY CNCTO
QEEWTU6JG&CP.QCFOGCUWTGURWNUGUEQPVKPWQWUN[PQVLWUVYJGPCDCVEJKUKPRTQITGUU
<GTQFKUCDNGUVJGWPCWVJQTK\GFHNQYCNCTO+HVJGWPCWVJQTK\GFHNQYSWCPVKV[KUUGVVQUQOGVJKPI
RQKPVGIQTVJGPCOGVGT UWPCWVJQTK\GFHNQYEQWPVGT VJGKPVGTPCNQPGVJCV
ECWUGUVJGCNCTOVQDGTCKUGFPQVVJGTWPPKPIVQVCNK\GTUGGPKPVJGF[PCOKEFCVCFKURNC[QTD[VJG
CWVQOCVKQP U[UVGO KU ENGCTGF YJGPGXGT VJG OGVGT KU CWVJQTK\GF HQT C DCVEJ VJKU RTGXGPVU VJG
WPCWVJQTK\GFHNQYCNCTOYKNNGXGPVWCNN[JCRRGPRTQDNGO6JGFGHCWNVXCNWGKU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG FKURNC[ GZCORNG CDQXG UJQYU RTQITCO EQFGU TGNCVGF VQ VJG OGVJQF QH RTQEGUUKPI RWNUG
UGEWTKV[GTTQTEQPFKVKQPU6JGUGRTQITCOEQFGUCTGQPN[CRRNKECDNGKPKPUVCNNCVKQPUVJCVWUGF+2
RWNUGUGEWTKV[OGVJQFUCPFQPN[FWTKPIDCVEJFGNKXGTKGU4GHGTGPEGRTQITCOEQFGUCPF
KP5GEVKQPQHVJKUOCPWCNCPFKVGODGNQY
0QVG
2WNUGUGEWTKV[KORNGOGPVCVKQPKUJCTFYCTGCPFUQHVYCTGFGRGPFGPV6JGXCNWGQHRTQITCO
EQFG'TTQTNKOKV RWNUGU OWUVDGUGVVQVQRTGXGPVVTKIIGTKPIVJKUCNCTOKHVJG
RJ[UKECNHNQYOGVGTKPUVCNNCVKQPFQGUPQVRTQXKFGVJGTGSWKTGFFWCNRWNUGVTCKPVQVJG
&CP.QCF
'TTQTNKOKV RWNUGU
&GHCWNV XCNWG 6JKU XCNWG KU VJG CNNQYCDNG CEEWOWNCVGF GTTQT EQWPV FWG VQ EQORCTKUQP
FKHHGTGPEGU DGVYGGP FWCN RWNUG VTCKP KPRWVU HTQO QPG HNQY OGVGT 6JG RTKQTKV[ UGNGEVKQP KU
KPVGTPCNN[UGVVQ2TKOCT[+HCP'TTQTNKOKVCNCTODGEQOGUCEVKXGVJGEWTTGPVDCVEJFGNKXGT[
QRGTCVKQPYKNNDGUVQRRGF
&GHCWNVXCNWG6JKUXCNWGKUWUGFTGUGVVJGCEEWOWNCVGFRWNUGEQORCTKUQPGTTQTEQWPVHTQO
FWCNRWNUGVTCKPEQORCTKUQPVQDGTGUGVVQ\GTQCHVGTGTTQTUJCXGDGGPCEEWOWNCVGFFWTKPI
VJGEWTTGPVFGNKXGT[QRGTCVKQP
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&CVCNQIIKPICNCTOCEVKQP +PHQ
6JKUUGNGEVKQPKUWUGFVQURGEKH[VJGCEVKQPVCMGPYJGPCFCVCNQIIKPICNCTO QXGTYTKVKPICPCNCTO
OGUUCIGKPVJGCNCTOOGUUCIGUVQTCIGOGOQT[ QEEWTU
6KOGQWVEJ# U
6JKUXCNWGURGEKHKGUVJGCNNQYCDNGVKOGDGVYGGPTGEGKXKPIOGUUCIGUHTQOVJGVGTOKPCNCWVQOCVKQP
U[UVGODGHQTGKUUWKPIC%QOOUHCKNWTGEJCPPGN#CNCTO<GTQFKUCDNGUVJGCNCTO
6KOGQWVEJ$ U
6JKUXCNWGURGEKHKGUVJGCNNQYCDNGVKOGDGVYGGPTGEGKXKPIOGUUCIGUHTQOVJGVGTOKPCNCWVQOCVKQP
U[UVGODGHQTGKUUWKPIC%QOOUHCKNWTGEJCPPGN$CNCTO<GTQFKUCDNGUVJGCNCTO
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQH46&VGORGTCVWTGKPRWV
UKIPCNCPFFGPUKV[KPRWVUKIPCNGTTQTEQPFKVKQPU
6GORHCKNCNCTOCEVKQP 2TKOCT[
&GHCWNVUGNGEVKQP2TKOCT[6JKUUGNGEVKQPKPFKECVGU VJCVVJGEWTTGPVFGNKXGT[QRGTCVKQPYKNNDG
UWURGPFGFKHVJGRTQEGUUVGORGTCVWTGKPRWVKUNGUUVJCPVJGXCNWGQHRTQITCOEQFG/KPKOWO
VGORGTCVWTGQTITGCVGTVJCPVJGXCNWGQHRTQITCOEQFG/CZKOWOVGORGTCVWTG#2TKOCT[
CNCTO OWUV DG OCPWCNN[ TGUGV QT URGEKHKECNN[ TGUGV HTQO C VGTOKPCN CWVQOCVKQP U[UVGO 6JG
2TKOCT[UGVVKPIFGVGEVUVGORGTCVWTGKPRWVHCKNWTGU6JGDCEMWRVGORGTCVWTGURGEKHKGFD[RTQITCO
EQFG%QORZDCEMWRVGORKUPQVWUGFKPVJG2TKOCT[OQFG
/KPKOWOVGORGTCVWTG
&GHCWNVXCNWG6JKUXCNWGKUNQYGTNKOKVCNNQYGFHQTCRTQEGUUVGORGTCVWTGKPRWVDGHQTGC
6GOR HCKN CNCTO KU KUUWGF 0QVG FGITGGU %GNUKWU KU VJG NQYGUV VGORGTCVWTG VJCV ECP DG
OGCUWTGFD[CUVCPFCTF46&KPRWV
/CZKOWOVGORGTCVWTG
&GHCWNVXCNWG6JKUXCNWGKUWRRGTNKOKVCNNQYGFHQTCRTQEGUUVGORGTCVWTGKPRWVDGHQTGC
6GORHCKNCNCTOKUKUUWGF 0QVG FGITGGU%GNUKWUKUVJGJKIJGUVVGORGTCVWTGVJCVECPDG
OGCUWTGFD[CUVCPFCTF46&KPRWV
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&GPUKV[HCKNCNCTOCEVKQP 2TKOCT[
&GHCWNVUGNGEVKQP2TKOCT[6JKUUGNGEVKQP KPFKECVGUVJCVVJGEWTTGPVFGNKXGT[QRGTCVKQPYKNNDG
UWURGPFGFKHVJGRTQEGUUFGPUKV[ITCXKV[KPRWVKUNGUUVJCPVJGXCNWGQHRTQITCOEQFG/KPKOWO
FGPUKV[ITCXKV[ QT ITGCVGT VJCP VJG XCNWG QH RTQITCO EQFG /CZKOWO FGPUKV[ITCXKV[ #
2TKOCT[CNCTOOWUVDGOCPWCNN[TGUGVQTURGEKHKECNN[TGUGVHTQOCVGTOKPCNCWVQOCVKQPU[UVGO
6JG2TKOCT[UGVVKPIFGVGEVUFGPUKV[ITCXKV[KPRWVHCKNWTGU6JGDCEMWRFGPUKV[ITCXKV[URGEKHKGF
D[RTQITCOEQFG%QORZDCEMWRFGPUKV[ITCXKV[KUPQVWUGFKPVJG2TKOCT[
OQFG
/KPKOWOFGPUKV[ITCXKV[
6JKU XCNWG KU NQYGT NKOKV CNNQYGF HQT C RTQEGUU FGPUKV[ KPRWV DGHQTG C &GPUKV[ HCKN CNCTO KU
VTKIIGTGF
/CZKOWOFGPUKV[ITCXKV[
6JKU XCNWG KU WRRGT NKOKV CNNQYGF HQT C RTQEGUU FGPUKV[ KPRWV DGHQTG C &GPUKV[ HCKN CNCTO KU
VTKIIGTGF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
/KPKOWORTGUUWTG
6JKUXCNWGKUVJGNQYRTGUUWTGUGVRQKPVWUGFHQTXCNKFCVKQPQHRTGUUWTGKPRWVUKIPCNU
/CZKOWORTGUUWTG
6JKUXCNWGKUVJGJKIJRTGUUWTGUGVRQKPVWUGFHQTXCNKFCVKQPQHRTGUUWTGKPRWVUKIPCNU
#FFKVKXGGTTQTNKOKV
6JKUXCNWGUGVUVJGGTTQTEQWPVNKOKVHQTVTKIIGTKPICP#FFKVKXGGTTQTNKOKVCNCTO 5GG5GEVKQP
HQTCFFKVKQPCNKPHQTOCVKQP
#FFKVKXGHGGFDCEMEQWPV
6JGGZRGEVGFPWODGTQHHGGFDCEMRWNUGURGTCFFKVKXGTCVKQE[ENGHQTVJGé/GEJêCFFKVKXGKPLGEVKQP
OGVJQFGIHQT6KVCP2#%éEQPHKTOCVKQPRWNUGêHQT*[TQNGEKPLGEVQT6JGPWODGTQH
UGEQPFUYKVJKPYJKEJVJGCFFKVKXGHGGFDCEMKPRWVOWUVIQQPCPFQHHCICKPCHVGTVJGCFFKVKXGTCVKQ
QWVRWVJCUDGGPGPGTIK\GFHQTVJGé*CPFUJCMGêCFFKVKXGKPLGEVKQPOGVJQFGI RGT/CREQ
$NQEMXCNXGVKOG U
6JKUXCNWGUGVUVJGVKOGCNNQYGFHQTCEQORQPGPVDNQEMXCNXGVQENQUGCHVGTVJGDNQEMXCNXGEQPVTQN
QWVRWV JCU DGGP FGGPGTIK\GF CV VJG GPF QH C NQCFKPI QRGTCVKQP QT YJGP C NQCFKPI QRGTCVKQP KU
VGORQTCTKN[UVQRRGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
)TQWPFFGVGEVQTQRGP
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
%KTEWKVCNCTOCEVKQP 2TKOCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
1XGTURKNNFGVGEVQTQRGP
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU0QVGVJCVUCHGV[EKTEWKVUCPFCNCTOUJCXGCNVGTPCVGWUGUCUVJGéGPFêCPF
éTGEKRGUGNGEVKQPêCNCTOUTGURGEVKXGN[
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
2GTOKUUKXGRQYGTHCKNWTG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
#FFKVKXGKPLGEVKQPHCKNWTG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
#TOFQYPUKFG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
#TOFQYPUKFG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
9CNMYC[FQYPUKFG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
%KTEWKVCNCTOCEVKQP 5GEQPFCT[
6JKUUGNGEVKQPURGEKHKGUVJGCEVKQPVQDGVCMGPKHUCHGV[EKTEWKVKUQRGPFWTKPICDCVEJ
9CNMYC[FQYPUKFG
6JKUCNRJCPWOGTKEGPVT[KUVJGEQPHKIWTCDNGOGUUCIGVJCVKUFKURNC[GFYJGPUCHGV[EKTEWKVKUQRGP
FWTKPICDCVEJ
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
%KTEWKVV[RG
6JKUUGNGEVKQPNKOKVUEJGEMKPIHQTCPQRGPUCHGV[EKTEWKV
%KTEWKVV[RG
6JKUUGNGEVKQPNKOKVUEJGEMKPIHQTCPQRGPUCHGV[EKTEWKV
%KTEWKVV[RG
6JKUUGNGEVKQPNKOKVUEJGEMKPIHQTCPQRGPUCHGV[EKTEWKV
%KTEWKVV[RG
6JKUUGNGEVKQPNKOKVUEJGEMKPIHQTCPQRGPUCHGV[EKTEWKV
#NCTOQROCUM
#QPGKPVJGDKVEQTTGURQPFKPIVQVJGCNCTOV[RGOGCPUVJCVCNCTOUQHVJCVV[RGUJQWNFEQPVTQNVJG
CNCTOQWVRWVCEEQTFKPIVQVJGCNCTOCEVKQP6JGFGHCWNVXCNWGKUHQTCNNCNCTOV[RGU
#NCTOQROCUM
#QPGKPVJGDKVEQTTGURQPFKPIVQVJGCNCTOV[RGOGCPUVJCVCNCTOUQHVJCVV[RGUJQWNFEQPVTQNVJG
CNCTOQWVRWVCEEQTFKPIVQVJGCNCTOCEVKQP6JGFGHCWNVXCNWGKUKGPQCNCTOV[RGU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGHQNNQYKPIVCDNGKPFKECVGUVJGUEQRGQHVJGXCNWGUQHRTQITCOEQFGUVQ
2TQITCO%QFGVQ%KTEWKVZV[RG
6[RG &GUETKRVKQP
%JGEM5CHGV[EKTEWKVZYJKNGCDCVEJKUKPRTQITGUU
%JGEM5CHGV[EKTEWKVZYJKNGCDCVEJKUKPRTQITGUU10.;CVUKFG
%JGEM5CHGV[EKTEWKVZYJKNGCDCVEJKUKPRTQITGUU10.;CVUKFG
&GVGTOKPGF D[ VJG UVCVG QH VJG UYKPI CTO UYKVEJ KPRWVU VQ VJG %27 DQCTF CPF VJG
EQPHKIWTGFUKFGFGVGEVOGVJQF RTQITCOEQFG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
7PCWVJCFFKVKXGHNQYXQN
6JKUUGNGEVKQPUGVUVJGXQNWOGQHWPCWVJQTK\GFCFFKVKXGHNQYCVYJKEJCPCFFKVKXG:HCKNWTGCNCTO
KUTCKUGFHQTVJGé/GVGTêCPFé%QPVTQNêKPLGEVKQPOGVJQFU
2TQFCFF
6JKUUGNGEVKQPUGVUVJGRGTEGPVCIGQHVJGKFGCNSWCPVKV[QHCFFKVKXGCVCP[RQKPVKPCDCVEJDGNQY
YJKEJCPCFFKVKXGHCKNWTGCNCTOKUTCKUGF
2TQFCFF
6JKUUGNGEVKQPUGVUVJGRGTEGPVCIGQHVJGKFGCNSWCPVKV[QHCFFKVKXGCVCP[RQKPVKPCDCVEJCDQXG
YJKEJCPCFFKVKXGHCKNWTGCNCTOKUTCKUGF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFKURNC[GZCORNGCDQXGUJQYURTQITCOEQFGUTGNCVGFVQVJGOGVJQFQHRTQEGUUKPIVJGKPFKECVGF
GTTQTEQPFKVKQPU
4CORFQYPCNCTOCEVKQP 2TKOCT[
#TCORFQYPCNCTOKUTCKUGFYJGPVJGCNCTOKUCEVKXGCPFVJG&CP.QCFKUWPCDNGVQTGFWEG
VJGHNQYTCVGVQCNQYGTFGUKTGFHNQYTCVGYKVJKPVJGVKOGURGEKHKGF6JKUUGNGEVKQPFGVGTOKPGUKH
VJGTCORFQYPCNCTOCEVKQPKUGPCDNGF 2TKOCT[ QTFKUCDNGF 1HH
4CORFQYPVKOG U
6JKUUGNGEVKQPUGVUVJGVKOGKPUGEQPFUCNNQYGFHQTTCORFQYPDGHQTGVJGTCORFQYPCNCTOKU
TCKUGF
#FFKVKXGRGTGTTQTNKOKV
6JKUUGNGEVKQPUGVUVJGPWODGTQHTCVKQSWCPVKVKGUYQTVJQHCFFKVKXGD[YJKEJVJGCEVWCNSWCPVKV[
QHCFFKVKXGECPFKHHGTHTQOVJGKFGCNSWCPVKV[QHCFFKVKXGCVCP[RQKPVKPCDCVEJDGHQTGCPCFFKVKXG
HCKNWTGCNCTOKUTCKUGF
'PFVKOG U
6JKUUGNGEVKQPUGVUVJGGPFVKOGKPUGEQPFU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Recipes
480 Number of recipes 1
Recipe 1
481 Recipe name Recipe #1
482 Comp 1 % 100.00
483 Comp 2 % 0.00
484 Comp 3 % 0.00
485 Comp 4 % or ratio qty 0.00
486 Sequence or low proportion 1
0=Space, 1=A, 2=a, 3=0 4=#,5="
6JG FKURNC[ GZCORNGU CDQXG UJQY RTQITCO EQFGU TGNCVGF VQ VJG OGVJQF FGHKPKPI TGEKRGU VJCV
EQPVTQN VJG FGNKXGT[ QH EQORQPGPVU KP DNGPFKPI QRGTCVKQPU 8CNKFCVKQP QH TGEKRG EQORQPGPV
RGTEGPVCIGU KU RGTHQTOGF YJGP C TGEKRG KU UGNGEVGF CPF YJGP C RTGUGV SWCPVKV[ KU GPVGTGF
%QORQPGPVRGTEGPVCIGUCTGXCNKFCVGFCUHQNNQYU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GSWGPVKCNDNGPFKPI
6JGUWOQHVJGRGTEGPVCIGUTGHGTGPEGFD[RTQITCOEQFG5GSWGPEGVQNQCFRTQITCO
EQFGOWUVGSWCN
'ZCORNG5GSWGPVKCN$NGPFKPI
0WODGTQHEQORQPGPVU
2TQITCO%QFG 8CNKF +PXCNKF
0COG
%QOR
%QOR
%QOR
%QORQTTCVKQSV[
5GSWGPEGQTNQYRTQRQTVKQP
+PNKPGDNGPFKPI
6JG UWO QH VJG RGTEGPVCIGU QH EQORQPGPVU URGEKHKGF D[ RTQITCO EQFG 0WODGT QH
EQORQPGPVUOWUVGSWCN
'ZCORNG+PNKPG$NGPFKPI
0WODGTQHEQORQPGPVU
2TQITCO%QFG 8CNKF +PXCNKF
0COG
%QOR
%QOR
%QOR
%QORQTTCVKQSV[
5GSWGPEGQTNQYRTQRQTVKQP
0QVG(QTCPKPNKPGDNGPFGTVJGéUGSWGPEGQTNQYRTQRQTVKQPêUJQWNFPQTOCNN[DGHKNNGF
YKVJ\GTQçUWPNGUUQPGQTOQTGNQYRTQRQTVKQPEQORQPGPVUCTGTGSWKTGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0WODGTQHTGEKRGU
&GHCWNVXCNWG6JKUXCNWGECWUGUQPGUGVQHTGEKRGFGHKPKVKQPRTQITCOEQFGUVQDGCXCKNCDNGHQT
EQPHKIWTCVKQP6JKUXCNWGECPDGRTKPVGFQP6TCPUCEVKQP4GRQTVU
4GEKRGPCOG 4GEKRG
&GHCWNVUVTKPI4GEKRG6JGCNRJCPWOGTKEFCVCGPVT[RTQORVKUFKURNC[GFQPVJGOGUUCIGNKPG
VQ CNNQY VJG WUGT VQ EJCPIG VJKU UVTKPI VQ CP[ UKZVGGP EJCTCEVGTU 6JG PCOG QH VJG EWTTGPVN[
UGNGEVGFTGEKRGKUUJQYPKPVJGWRRGTNGHVCTGCQHVJGFKURNC[YJKNGQRGTCVKPIKPVJG.QCFKPI/QFG
6JKUXCNWGECPDGRTKPVGFQP6TCPUCEVKQP4GRQTVU
%QOR
%QOR
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJKUEQORQPGPVKUPQVNQCFGFD[VJKUTGEKRG
%QOR
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJKUEQORQPGPVKUPQVNQCFGFD[VJKUTGEKRG
%QORQTTCVKQSV[
&GHCWNVXCNWG6JKUXCNWGKPFKECVGUVJCVVJKUEQORQPGPVKUPQVNQCFGFD[VJKUTGEKRG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GSWGPEGQTNQYRTQRQTVKQP
&GHCWNV XCNWG 6JKU XCNWG KPFKECVGU VJCV QPN[ EQORQPGPV KU FGNKXGTGF YJGP VJKU TGEKRG KU
UGNGEVGF+HOQTGVJCPQPGEQORQPGPVKUFGHKPGFVJGQVJGTEQORQPGPVUECPDGURGEKHKGFKPVJG
UGSWGPEG VQ NQCF D[ KPFKECVKPI VJG EQORQPGPV PWODGT CV VJG FGUKTGF UGSWGPEG RNCEG KP VJKU
RTQITCOEQFG
(QTUGSWGPVKCNDNGPFKPI
+PFKECVGUVJGUGSWGPEGVQNQCFVJGRTGEQPHKIWTGFEQORQPGPVU
'ZCORNG2TQITCOEQFG5GSWGPEGVQNQCFUGVVQKPFKECVGUVJCVFWTKPIUGSWGPVKCN
NQCFKPIEQORQPGPVKUNQCFGFHKTUVEQORQPGPVKUNQCFGFUGEQPFEQORQPGPVKU
NQCFGFVJKTFVJGPVJGEQORNGVGDCVEJKUVGTOKPCVGF
(QTKPNKPGDNGPFKPI
5GSWGPEGRQUKVKQPUZZZZEQTTGURQPFVQEQORQPGPVUCPFTGURGEVKXGN[(QTGCEJ
RTGEQPHKIWTGFEQORQPGPVC\GTQKPRTQITCOEQFG5GSWGPEGVQNQCFKPFKECVGUVJCVVJG
EQORQPGPVKUCJKIJRTQRQTVKQPEQORQPGPV#QPGKPRTQITCOEQFG5GSWGPEGVQNQCF
KPFKECVGUVJCVVJGEQORQPGPVKUCNQYRTQRQTVKQPEQORQPGPVVJCVKUNQCFGFFWTKPIVJGJKIJ
HNQYVKOGQHVJGDCVEJ
'ZCORNG 2TQITCO EQFG 5GSWGPEG VQ NQCF UGV VQ KPFKECVGU VJCV VJKU KU C
EQORQPGPVDNGPFGTCPFFWTKPIKPNKPGDNGPFKPIEQORQPGPVUCPFCTGJKIJRTQRQTVKQP
EQORQPGPVUCPFEQORQPGPVKUCNQYRTQRQTVKQPEQORQPGPVKGFGNKXGTGFFWTKPIVJG
JKIJHNQYRCTVQHVJGDCVEJ
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Setup complete
6JGFKURNC[GZCORNGCDQXGUJQYUVJCVVJGKPKVKCNUGVWRRTQEGFWTGKUHKPKUJGF2TGUUVJG':+6
#.6 %.'#4 MG[VQEQPVKPWG6JG&CP.QCFKUPQYKPVJG.QCFKPI/QFG#FFKVKQPCN
RTQITCOEQFGUUWEJCUVJQUGEQPVTQNNKPICFFKVKXGKPLGEVKQPVJCVYGTGPQVEQXGTGFKPVJGKPKVKCN
UGVWRRTQEGFWTGUJQWNFDGTGXKGYGFCPFOQFKHKGFKHTGSWKTGFCVVJKUVKOG
#UUWOKPIVJCVQPN[QPGTGEKRGYCUFGHKPGFVJGNQCFKPIFKURNC[KPFKECVGFDGNQYKUFKURNC[GF
Preset 0 Gal
Remaining 0 Gal
Transaction total 0 Gal
Enter preset qty
6JG.QCFKPI&KURNC[GZCORNGCDQXGKUVJGPQTOCNFKURNC[VJCVKURTGUGPVGFVQVJGWUGTQRGTCVQT
FWTKPIRTGUGVVKPIDCVEJSWCPVKVKGUCPFDCVEJFGNKXGTKGU6JGWUGTQRGTCVQTKUCDNGVQFGHKPGVJG
FGNKXGT[ SWCPVKV[ CPF OQPKVQT VJG FGNKXGT[ QRGTCVKQP XKC VJKU FKURNC[ CPF VJG MG[RCF $CVEJ
FGNKXGT[QRGTCVKQPUCTGFGUETKDGFKP5GEVKQP1RGTCVKQP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQFWEV&GNKXGT[CPF$NGPFKPI
(TQOVYQVQHQWTRTQFWEVUECPDGDNGPFGFKPVQCEQORQUKVGUVTGCOCPFFGNKXGTGF6JG&GNKXGT[
$NGPFKPIVCDNGNQECVGFKP#RRGPFKZ#EQPVCKPUCPQXGTXKGYQHCNNRJ[UKECNKPRWVCPFQWVRWVUKIPCNU
CPFKPVGTPCNEQPVTQNRTQITCOEQFGUVJCVCTGTGNCVGFVQRTQFWEVFGNKXGT[DNGPFKPIGSWKROGPVCPF
RTQEGFWTGU
6JG DCUKE EQPHKIWTCVKQP QH VJG V[RG QH DNGPFKPI VQ DG RGTHQTOGF KU EQPVTQNNGF D[ VJG GPVT[ KP
RTQITCOEQFG7PKVV[RG6JGEQPHKIWTCDNGDNGPFGTV[RGUCTGFGUETKDGFDGNQY
5GSWGPVKCN$NGPFKPI
5GSWGPVKCNDNGPFKPIKUVJGNQCFKPIQHQPGRTQFWEVCVQPGVKOGVJTQWIJQPGHNQYOGVGTCPFQPGHNQY
EQPVTQNXCNXG6JGDNGPFTCVKQKUEQTTGEVQPN[CHVGTCNNEQORQPGPVUQHVJGDNGPFJCXGDGGPNQCFGF
# &CP.QCF VJCV EQPVTQNU NQCFKPI QH QPG RTQFWEV KU EQPHKIWTGF CU C UGSWGPVKCN DNGPFGT
CNVJQWIJPQEQORQPGPVDNGPFKPICEVKQPKURGTHQTOGF$NQEMXCNXGEQPVTQNHQTGCEJEQORQPGPV
ECPDGEQPVTQNNGFGKVJGTCWVQOCVKECNN[QTOCPWCNN[CUFGUETKDGFDGNQY
5GS CWVQ
6JG &CP.QCF EQPVTQNU VJG QRGPKPI CPF ENQUKPI QH VJG EQORQPGPV DNQEM XCNXGU
CWVQOCVKECNN[
5GS OCPWCN
6JG&CP.QCFRTQORVUVJGQRGTCVQTVQQRGPCPFENQUGVJGEQORQPGPVDNQEMXCNXGU
CVVJGUVCTVCPFGPFQHGCEJDCVEJNQCFKPI
2TQORV 1RGP DNQEM XCNXG RTGUU '06'4 CHVGT C DCVEJ FGNKXGT[ JCU DGGP
EQPHKIWTGFCPFVJG56#46MG[KURTGUUGF
2TQORV %NQUGDNQEMXCNXGRTGU'06'4CHVGTFGNKXGT[QHVJGDCVEJCPFCHVGTVJG
HNQYEQPVTQNXCNXGJCUDGGPENQUGF
6JGTGURQPUGVQGKVJGTRTQORVKUVQRTGUUVJG'06'4MG[VQGZGEWVGVJGQRGPQTENQUG
DNQEMXCNXGQRGTCVKQP
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGNQCFKPIOGVJQFHQTUGSWGPVKCNDNGPFKPIKUFGUETKDGFDGNQY
1RGPVJGHNQYEQPVTQNXCNXGVQKPETGCUGVJGHNQYTCVGQHVJGHKTUVEQORQPGPVVQVJGNQYHNQY
TCVG XCNWG CPF OCKPVCKP VJG NQY HNQY TCVG HQT VJG URGEKHKGF NQY HNQY UVCTV SWCPVKV[
RTQITCOEQFGHQTEQORQPGPVCPFQVJGTEQORQPGPVUCUTGSWKTGF
1RGP VJG HNQY EQPVTQN XCNXG VQ KPETGCUG VJG HNQY TCVG QH VJG EQORQPGPV VQ VJG JKIJ
PQTOCN HNQYTCVGXCNWGCPFOCKPVCKPVJGHNQYTCVGFWTKPIVJGEQORQPGPVFGNKXGT[
%NQUGVJGHNQYEQPVTQNXCNXGVQFGETGCUGVJGHNQYTCVGQHVJGEQORQPGPVVQVJGNQYHNQY
TCVGXCNWGCPFFGNKXGTVJGURGEKHKGFSWCPVKV[CVVJGNQYHNQYUJWVFQYPTCVG
#HVGTVJGNQYHNQYTCVGSWCPVKV[JCUDGGPFGNKXGTGFUJWVVJGHNQYEQPVTQNXCNXG
+HQPN[QPGEQORQPGPVYCUURGEKHKGFKPVJGTGEKRGVJGDCVEJFGNKXGT[KUEQORNGVGCVVJKU
VKOGKHCPQVJGTEQORQPGPVYCUURGEKHKGFKPVJGTGEKRGVJKUEQORQPGPVKUNQCFGFKPVJG
UCOGOCPPGTCUURGEKHKGFD[VJGUVGRUNKUVGFCDQXG6JGVQVCNDCVEJSWCPVKV[RTGUGVKPUVGR
TGOCKPUVJGUCOG6JGUGSWGPEGQHEQORQPGPVNQCFKPIKUTGRGCVGFHQTGCEJEQORQPGPV
URGEKHKGFD[VJGTGEKRGCPFKPVJGUGSWGPEGVQNQCFURGEKHKGFD[VJGTGEKRG6JGUGSWGPEG
VQNQCFKURTQITCOEQFGHQTTGEKRGPWODGT
+P.KPG$NGPFKPI
+PNKPGDNGPFKPIKUVJGUKOWNVCPGQWUDNGPFKPICPFNQCFKPIQHVYQVQHQWTRTQFWEVU'CEJRTQFWEV
JCUCFGFKECVGFHNQYOGVGTCPFHNQYEQPVTQNXCNXG+PNKPGDNGPFKPIECPDGGKVJGTPQPRTQRQTVKQPCN
QTRTQRQTVKQPCNCUFGUETKDGFDGNQY
+PNKPGPQPRTQRQTVKQPCN
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+PNKPGRTQRQTVKQPCN
0QVG+PNKPGRTQRQTVKQPCNDNGPFKPIECPQPN[DGKORNGOGPVGFKPECUGUYJGTGRTQRQTVKQP
QHGCEJEQORQPGPVKPVJGDNGPFKUITGCVGPQWIJVQRGTOKVVJGEQORQPGPVHNQYOGVGTVQ
QRGTCVGCDQXGVJGOKPKOWOURGEKHKGFHNQYTCVGQHVJGOGVGTFWTKPIVJGGPVKTGDCVEJNQCFKPI
E[ENG +PNKPGRTQRQTVKQPCNDNGPFKPIKUCEEQORNKUJGFD[EQPVTQNNKPIVJGTCVKQDGVYGGPCNN
EQORQPGPVUCVCNNVKOGUFWTKPIVJGFGNKXGT[D[EQPVTQNNKPIVJGKPFKXKFWCNHNQYTCVGQHGCEJ
EQORQPGPV6JGTCVKQQHVJGFGNKXGTGFDNGPFKUEQTTGEVCVCNNVKOGUFWTKPIVJGFGNKXGT[
6JGTGHQTGVJGFGNKXGT[ECPDGUVQRRGFCVCP[VKOGCPFVJGFGNKXGTGFDNGPFYKNNDGYKVJKP
VQNGTCPEG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&GNKXGT[2CTCOGVGTU &GHKPGDCVEJNQCFKPIEQPVTQNRTQITCOEQFGU
&GHKPG VJG RWOR DNQEM XCNXG HNQY EQPVTQN XCNXG VKOKPI TGNCVKQPUJKR 6JG RTQITCO EQFGU
KPFKECVGFDGNQYUGVVJGVKOKPIHQTGCEJEQORQPGPV
RSHQVWDUWRSHQFORVHVWRS
%93803)&9)&9%93803
______
______
_____
__/3'__©36'_
_%9'_
YJGTG
$8 DNQEMXCNXG
(%8 HNQYEQPVTQNXCNXG
.2& .KPGRCEMFGNC[ U
$8& $NQEMXCNXGFGNC[ U
25& 2WORUVQRFGNC[ U
5VCTVWR
6JGNKPGRCEMFGNC[CPFDNQEMXCNXGFGNC[CTGTGNCVKXGVQVJGQRGPKPIQHVJGHNQYEQPVTQNXCNXGCV
VJGUVCTVQHCNQCFKPIQRGTCVKQP6JGFKCITCOKPFKECVGUVJGNKPGRCEMFGNC[VKOGKUUJQTVGTVJCP
DNQEMXCNXGFGNC[VKOG$QVJQHVJGUGFGNC[UCTGKPFGRGPFGPVCPFQPN[TGNCVGFVQVJGQRGPKPIQH
VJGHNQYEQPVTQNXCNXG6JGTGHQTGVJGFGNC[UOC[DGUGVVQQRGPVJGDNQEMXCNXGCPFUVCTVVJG
RWORUKOWNVCPGQWUN[QTVQUVCTVVJGRWORDGHQTGQRGPKPIVJGDNQEMXCNXG+HUGEQPFUFGNC[KU
GPVGTGFHQTVJGNKPGRCEMFGNC[CPFVJGDNQEMXCNXGFGNC[VJGRWORUVCTVUVJGDNQEMXCNXGQRGPU
CPF VJG HNQY EQPVTQN XCNXG QRGPU UKOWNVCPGQWUN[ 6JG NQIKE FQGU PQV CNNQY EQPHKIWTCVKQP HQT
UVCTVKPIVJGRWORQTQRGPKPIVJGDNQEMXCNXGCHVGTVJGHNQYEQPVTQNXCNXGKUEQOOCPFGF12'0
5JWVFQYP
6JGHNQYEQPVTQNXCNXGKUUJWVVQUVQRVJGHNQY6JGDNQEMXCNXGKUCWVQOCVKECNN[ENQUGFYJGPPQ
HNQYKUFGVGEVGF(QTCPQTOCNN[VGTOKPCVGFFGNKXGT[VJGRWORUVQRFGNC[KUHTQOVJGVKOGVJCV
PQHNQYKUFGVGEVGFWPVKNVJGRWORQWVRWVKUFGGPGTIK\GF
2TQITCOEQFG$NQEMXCNXGVKOG U KPVJG#NCTOUITQWRUGVUVJGVKOGRGTKQFVQCNNQYCHVGT
UGPFKPICDNQEMXCNXG%.15'EQOOCPF FKUETGVGQWVRWV12'0 DGHQTGCEVKXCVKPICP7PCDNGVQ
ENQUGDNQEMXCNXGCNCTOKHVJGDNQEMXCNXGHCKNUVQTGURQPFVQVJG%.15'EQOOCPF#\GTQ
KPFKECVGUéTGFKTGEVVQTGEKRGUGNGEVKQPKPRWVUêHQTTGEKRGUVJTQWIJCPFéPQVWUGFêHQTTGEKRGU
CPFCDQXG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&KIKVCN8CNXG2CTCOGVGTU &GHKPGQRGTCVKQPQHHNQYEQPVTQNXCNXGU
6JKUITQWRQHRTQITCOEQFGUFGHKPGVJGEJCTCEVGTKUVKEUHQTQRGTCVKQPQHFKIKVCNHNQYEQPVTQNXCNXGU
VJTQVVNKPIXCNXGU QPN[(KZGFUGVRQKPVUVGOUYKVEJXCNXGUFQPQVWUGVJGUGRTQITCOEQFGU
*QYGXGTVYQUVCIGXCNXGUYKVJQPGQTVYQUVGOUYKVEJGUFQWUGVJG5QNGPQKFCPF5QNGPQKF
EQPVTQNQWVRWVUVQEQPVTQNVJGXCNXGCEVWCVQT6JGEQPVTQNNQIKEHQTFKIKVCNHNQYEQPVTQNXCNXGUKU
UJQYPKP(KIWTG#PFVJGEQPVTQNCPFUVCVWUNQIKEHQTVYQUVCIGXCNXGUKUUJQYPKP(KIWTG
CPF(KIWTG
&KIKVCN(NQY%QPVTQN8CNXG1RGTCVKQP
8CNXG5VCVG
&KIKVCN(NQY%QPVTQN8CNXG
(KIWTG
6JGKPETGOGPVCNQRGPENQUGUVCVGQHCFKIKVCNHNQYEQPVTQNXCNXGUWEJCUC&CPKGNOQFGN
QT&CP(NQXCNXGKUEQPVTQNNGFD[VYQXCTKCDNGFWTCVKQPRWNUGFEQPVTQNQWVRWVU 5QNGPQKFCPF
5QNGPQKF #FKIKVCNHNQYEQPVTQNXCNXGJCUCUGCNGFXCTKCDNGECRCEKV[EJCODGTFQYPUVTGCOQH
VJGOQXCDNGRNWI6JGWRUVTGCOUWTHCEGCTGCCPFECXKV[UWTHCEGCTGCQHVJGRNWIRNWURTGUUWTG
GZGTVGFD[CENQUKPIURTKPIENQUGUVJGRNWICICKPUVVJGUGCVCPFUVQRUCNNHNQYVJTQWIJVJGXCNXG
YJGPVJGWRUVTGCORTQEGUUNKSWKFKUCNNQYGFVQGPVGTVJGECXKV[ VJTQWIJPQTOCNN[QRGP5QNGPQKF
6JKUKUVJGPQTOCNUVCVGQHVJGXCNXGYKVJPGKVJGTUQNGPQKFRQYGTGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
9CTPKPI
6JG&CPKGNOQFGNHNQYEQPVTQNXCNXGJCUCPPGGFNGXCNXGNQECVGFKPVJGWRUVTGCORKNQV
EKTEWKVVJCVECPDGWUGFVQTGUVTKEVVJGHNQYKPVJKUEKTEWKVCPFUNQYVJGXCNXGQRGPKPIURGGF
#EQTTGURQPFKPIPGGFNGXCNXGNQECVGFKPVJGFQYPUVTGCORKNQVEKTEWKVECPDGWUGFVQTGUVTKEV
HNQYKPVJCVEKTEWKVCPFUNQYVJGXCNXGENQUKPIURGGF6JGUGVYQPGGFNGXCNXGUCTGPQTOCNN[
UGVHWNN[QRGPUQVJCVVJG&CP.QCFJCUOCZKOWORQUUKDNGEQPVTQNQHVJGXCNXG6JGUG
PGGFNGXCNXGUUJQWNFQPN[DGCFLWUVGFD[RGTUQPUHCOKNKCTYKVJVJGQRGTCVKQPQHVJGUGXCNXGU
7UGECWVKQPYJGPFGNKXGTKPICRTQFWEVCHVGTQPGQTDQVJQHVJGUGPGGFNGXCNXGUJCXGDGGP
CFLWUVGF/KUCFLWUVOGPVQHVJGPGGFNGXCNXGUECPECWUGVCPMQXGTHKNNCPFURKNNCIGQTWPFGT
FGNKXGT[
8CNXG5VCVG
6YQ5VCIG(NQY%QPVTQN8CNXG YKVJQWV5VGO5YKVEJGU
(KIWTG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG5QNGPQKFCPF5QNGPQKFEQPVTQNQWVRWVUCTGWUGFVQEQPVTQNVJGQRGPENQUGRQUKVKQPQHC
HNQYEQPVTQNXCNXGYKVJQWVUVGOUYKVEJGU#HNQYEQPVTQNXCNXGYKVJQWVUVGOUYKVEJGUFQGUPQV
EQPVTQNVJGHNQYTCVGDCUGFQPTCVGQHHNQYHGGFDCEMHTQOVJGHNQYOGVGT6JGHNQYTCVGCVNQY
HNQYUVCTVJKIJHNQY PQTOCN HNQY CPF NQYHNQYUVQRKUEQPVTQNNGFD[CPGZVGTPCNHNQYTCVG
TGIWNCVQT%QPVTQNQWVRWV5QNGPQKFKUENQUGFVQQRGPVJGXCNXG6JGXCNXGQRGPUVQVJGNQY
HNQYUVCTVRQUKVKQPCPFVJGNQYHNQYUVCTVSWCPVKV[KUFGNKXGTGFCVVJCVTCVG#HVGTVJGNQYHNQYUVCTV
SWCPVKV[JCUDGGPFGNKXGTGFEQPVTQNQWVRWV5QNGPQKFKUENQUGFVQQRGPVJGHNQYEQPVTQNXCNXG
VQVJGJKIJ PQTOCNHNQYTCVG RQUKVKQP9JGPVJGTGOCKPKPISWCPVKV[GSWCNUVJGNQYHNQYUVQR
SWCPVKV[EQPVTQNQWVRWV5QNGPQKFKUQRGPGFVQRQUKVKQPVJGXCNXGCVVJGNQYHNQYUVQRHNQYTCVG
#HVGTVJGNQYHNQYUVQRTCVGKUFGNKXGTGFEQPVTQNQWVRWV5QNGPQKFKUQRGPGFCPFVJGHNQYEQPVTQN
XCNXGKUHWNN[UJWV#NNHNQYVJTQWIJVJGXCNXGEGCUGU
8CNXG5VCVG
5QNGPQKF 1HH 1P 1P
EQPVTQN
QWVRWV
6YQ5VCIG(NQY%QPVTQN8CNXG YKVJ5VGO5YKVEJGU
(KIWTGD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6GORGTCVWTGEQORGPUCVKQPCPFRTGUUWTGEQORGPUCVKQPQHVJGNKSWKFSWCPVKV[VQVJGSWCPVKV[CV
UVCPFCTF EQPFKVKQPU ECP DG WUGF VQIGVJGT QT KPFGRGPFGPVN[ 1PG QH UGXGTCN UVCPFCTFU ECP DG
UGNGEVGFHQTVGORGTCVWTGEQORGPUCVKQP1PGQHUGXGTCNUVCPFCTFUECPDGUGNGEVGFHQTRTGUUWTG
EQORGPUCVKQP'CEJUVCPFCTFKUCRRNKECDNGVQCURGEKHKEFGPUKV[TCPIGQHJ[FTQECTDQPNKSWKFU
'CEJ UVCPFCTF KU CRRNKECDNG VQ C URGEKHKE VGORGTCVWTG QT RTGUUWTG TCPIG 6GORGTCVWTG
EQORGPUCVKQPKUEQOOQPN[WUGFYJGPNQCFKPITGHKPGFJ[FTQECTDQPNKSWKFUCPFETWFGQKNVJQWIJ
KP UQOG ECUGU KV OC[ DG RGTHQTOGF D[ C VGTOKPCN CWVQOCVKQP U[UVGO $QVJ VGORGTCVWTG CPF
RTGUUWTGEQORGPUCVKQPCTGPQTOCNN[WUGFYJGPNQCFKPINKSWGHKGFRGVTQNGWOICU .2) 6CDNGU
CPFEQPVCKPKPHQTOCVKQPQPVJGCRRNKECDKNKV[QHVJGXCTKQWUUVCPFCTFU
0QVG
&CPKGN+PFWUVTKGU+PECPF&CPKGN/GCUWTGOGPVCPF%QPVTQN2TQFWEVU é&CPKGNê UJCNNPQV
DGJGNFTGURQPUKDNGQTNKCDNGKPCP[YC[HQTNQUUQTFCOCIGKPENWFKPIDWVPQVNKOKVGFVQ
EQPUGSWGPVKCNFCOCIGTGUWNVKPIHTQOVJGWUGQHXQNWOGEQTTGEVKQPVCDNGUQTTGNCVGF
OCVJGOCVKECNTGNCVKQPUJKRUQTHQTXKQNCVKQPQHCP[HGFGTCNUVCVGQTOWPKEKRCNNCYU
TGIWNCVKQPUQTRTCEVKEGUQHVJG7PKVGF5VCVGUQTQHCP[HQTGKIPEQWPVT[
6JG&CP.QCFECPCNUQECNEWNCVGOCUUHTQOVJGSWCPVKV[CVUVCPFCTFEQPFVKQPU5GG5GEVKQP
/CUU.QCFKPI7UKPIC8QNWOGVTKE(NQY/GVGT
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGFGPUKV[CVFGITGGU(CJTGPJGKVURGEKHKEITCXKV[Q( MIO
2TQITCOEQFG(HCEVQT:KUVJGEQORQPGPVçUEQORTGUUKDKNKV[HCEVQT
KPSWCPVKV[WPKVURGTRTGUUWTGWPKV6JKUGPVT[KUQPN[WUGFKHRTQITCOEQFG2TGUUWTG
QRVKQPKUUGVVQ%QPUVUKPEGVJGQVJGT%2.QRVKQPUECNEWNCVGVJG (HCEVQT DCUGFQPVJG
VGORGTCVWTGCPFFGPUKV[
8CNWGUQHFGPUKV[CPFITCXKV[CTGUECNGFFGRGPFGPVQPVJGUGVVKPIQHRTQITCOEQFG
5GVVJKUECTGHWNN[UKPEGKVKUCNUQWUGFHQTOCUUEQORWVCVKQP6JGFGPUKV[ITCXKV[UECNG
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5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6GORGTCVWTG%QTTGEVKQPVQC0QP5VCPFCTF4GHGTGPEG6GORGTCVWTG
1HH 0# 0Q
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VGORGTCVWTGCPFCNNQYUVGORGTCVWTGEQTTGEVKQPVQCPQPUVCPFCTFTGHGTGPEGVGORGTCVWTG#0Q
KP VJG TKIJVJCPF EQNWOP KPFKECVGU VJCV VJG %6. QRVKQP FQGU PQV JCXG C UVCPFCTF TGHGTGPEG
VGORGTCVWTG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
9JGPC%6.HCEVQTKUEQORWVGFHQTC%6.QRVKQPVJCVJCUCUVCPFCTFTGHGTGPEGVGORGTCVWTGVJG
&CP.QCF VGUVU YJGVJGT VJG EQPHKIWTGF TGHGTGPEG VGORGTCVWTG KU GSWCN VQ VJG UVCPFCTF
TGHGTGPEGVGORGTCVWTG+HKVKUGSWCNVJG%6.HCEVQTKUEQORWVGFKPVJGWUWCNYC[KGCUVJG%6.
HQTVJGEQORQPGPV UDCVEJCXGTCIGVGORGTCVWTGQVJGTYKUGVJG%6.HCEVQTKUEQORWVGFCUVJGTCVKQ
QHVJG%6.HQTVJGEQORQPGPV UDCVEJCXGTCIGVGORGTCVWTGVQVJG%6.HQTVJGEQPHKIWTGFTGHGTGPEG
VGORGTCVWTGYJKEJTGSWKTGUVYQECNNUVQVJG%6.QRVKQP UKORNGOGPVCVKQP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGVJGHQNNQYKPIGZCORNGUWUKPIVGUVFCVC
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6JGOCUUHNQYOGVGTUJQWNFDGKPVGTHCEGFVQVJG&CP.QCFXKCCVTCPUOKVVGT CXCKNCDNGHTQO
VJGOCUUHNQYOGVGT UXGPFQT VJCVEQPXGTVUVJGTCY%QTKQNKUHTGSWGPE[VQCUECNGFRWNUGUVTGCO
6JGUECNKPIKUWUWCNN[YKFGN[CFLWUVCDNG6JGRCTVKEWNCTV[RGQHVTCPUOKVVGTWUGFFGVGTOKPGUVJG
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4GHGT VQ 5GEVKQP +PRWV1WVRWV $QCTF &GUETKRVKQP CPF LWORGT UGVVKPIU QT EQPVCEV &CPKGN
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VQVJG&CP.QCFKG[QWECPVJKPMQHVJGOCUUOGVGTCUJCXKPIC-HCEVQTFGHKPGFCUVJG
PWODGT QH RWNUGU RGT WPKV QH OCUU HNQY GI RWNUGU RGT MKNQITCO 5QOG OCUU HNQY
VTCPUOKVVGTUECPTGRQTVRWNUGURGTWPKVQHXQNWOGKPYJKEJECUGKVECPDGVTGCVGFD[VJG&CP.QCF
CUCXQNWOGVTKEHNQYOGVGTYJKEJKUPQVFKUEWUUGFJGTG
6JG -HCEVQT PWODGT QH RWNUGU RGT WPKV QH OCUU HNQY RTQITCO EQFG GVE RGT
EQORQPGPV UJQWNFDGEQPHKIWTGFQPVJG&CP.QCF+HVJGOGVGT UECNKDTCVKQPCFLWUVOGPVKU
XKCVJGOCUUHNQYVTCPUOKVVGTCNNVJGOGVGTHCEVQTUQPVJG&CP.QCFUJQWNFV[RKECNN[DGUGV
VQ+HVJGOGVGT UECNKDTCVKQPCFLWUVOGPVKUXKCVJG&CP.QCFVJGOGVGTHCEVQTUQPVJG
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6JGEQPHKIWTGF-HCEVQTCPFOGVGTHCEVQTCVGCEJHNQYTCVGCTGCRRNKGFVQVJGKPRWVRWNUGUVTGCO
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6JWUVJGXCTKQWUITQUUCPFUVCPFCTFSWCPVKVKGUFKURNC[GFRTKPVGFCPFTGRQTVGFVQCPCWVQOCVKQP
U[UVGO CTG KP HCEV OCUU #NN DCVEJ OGVGT CPF EQORQPGPV SWCPVKVKGU QP VJG &CP.QCF
KPENWFKPIHNQYTCVGUUJQWNFDGKPVGTRTGVGFCUDGKPIKPWPKVUQHOCUUCUFGVGTOKPGFD[VJG-HCEVQT
%QPHKIWTGVJGITQUUCPFUVCPFCTFRTQFWEVWPKVUOPGOQPKEUCRRTQRTKCVGN[ RTQITCOEQFGUCPF
TGURGEVKXGN[ 9JGPCPQRGTCVQTGPVGTUCRTGUGVSWCPVKV[CPFRTGUUGU56#46VJG&CP.QCF
FGNKXGTUVJGTGSWGUVGFPWODGTQHOCUUWPKVUQHRTQFWEV6JG&CP.QCFECPPQVEQPXGTV
HTQO OCUU VQ XQNWOG 0Q VGORGTCVWTG QRVKQPU RTQITCO EQFG GVE RGT EQORQPGPV QT
RTGUUWTGQRVKQPU RTQITCOEQFGGVERGTEQORQPGPV UJQWNFDGEQPHKIWTGFUKPEGVJG%VNCPF
%RNHCEVQTUECPPQVDGOGCPKPIHWNN[CRRNKGFVQOCUU*QYGXGTKVKURQUUKDNGHQT
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
VJG &CP.QCF VQ UCORNG CPF ECNEWNCVG OCUU VJTQWIJRWV YGKIJVGF CXGTCIG XCNWGU HQT
VGORGTCVWTG 46& RTGUUWTG O# CPF FGPUKV[ O# KPRWVU VJTQWIJQWV C DCVEJ HQT
FKURNC[RTKPVKPICPFTGRQTVKPIVQCPCWVQOCVKQPU[UVGOD[EQPHKIWTKPIVJGCRRTQRTKCVGKPRWVU RGT
OGVGT VJGUCORNGSWCPVKV[ RTQITCOEQFG CPFVJGFGPUKV[QRVKQP RTQITCOEQFGGVE
RGTEQORQPGPV 6JG&CP.QCFFQGUPQVEQTTGEVVJGKPRWVFGPUKV[VQUVCPFCTFEQPFKVKQPU
&GPUKV[EQTTGEVKQPVQUVCPFCTFEQPFKVKQPUOWUVDGFQPGGZVGTPCNN[GID[CFGPUKVQOGVGTQTVJG
OCUUHNQYVTCPUOKVVGTYJKEJECPUGPFVJGNKXGXCNWGVQVJG&CP.QCFXKCCO#QWVRWV
/CUU.QCFKPI7UKPIC8QNWOGVTKE(NQY/GVGT
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EQPHKIWTGFVQEQORWVGVJGUVCPFCTFXQNWOG PGVXQNWOG KPVJGWUWCNYC[KGURGEKH[VGORGTCVWTG
WPKVUVGORGTCVWTGEQTTGEVKQPQRVKQPRGTEQORQPGPVRTGUUWTGEQTTGEVKQPQRVKQPRGTEQORQPGPV
VGORGTCVWTGKPRWV 46& RGTOGVGTQTDCEMWRVGORGTCVWTGRGTEQORQPGPVFGPUKV[KPRWV
O# RGTOGVGTQTDCEMWRFGPUKV[RGTEQORQPGPVGVE5GG5GEVKQP6GORGTCVWTGCPF2TGUUWTG
%QORGPUCVKQP6JGVGORGTCVWTGCPFRTGUUWTGEQTTGEVKQPQRVKQPUCTGNKMGN[VQFKEVCVGVJGFGPUKV[
WPKVUWUGFD[VJG&CP.QCF+HCNKXGFGPUKV[KPRWVKUWUGFVJGKPRWVFGPUKV[UJQWNFDG
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/CUUEQORWVCVKQPKUGPCDNGFD[GPVGTKPICOCUUEQORWVCVKQPCFLWUVOGPVHCEVQTRGTEQORQPGPV
YJKEJECWUGUVJGUVCPFCTFXQNWOGVQDGTGEQORWVGFCUOCUUKGHQTUVCPFCTFSWCPVKV[TGCF
OCUU 6JWU DCVEJ OCUU OGVGT OCUU VQVCNK\GTU EQORQPGPV OCUU VQVCNK\GTU GVE ECP DG
FKURNC[GF KP VJG F[PCOKE FCVC FKURNC[ RTKPVGF QP FCVC NQIU CPF TGSWGUVGF D[ CP CWVQOCVKQP
U[UVGO 6JG OGVGT UVCPFCTF SWCPVKVKGU VQ FGEKOCN RNCEGU FCVC EQFGU GVE CTG PQV
TGEQORWVGFCUOCUUCPFUVKNNUJQYVJGUVCPFCTFXQNWOGGXGPYJGPOCUUEQORWVCVKQPKUGPCDNGF
6JKUCNNQYUOGVGTUVQDGRTQXGFXQNWOGVTKECNN[KHTGSWKTGF+HOGVGTUCTGRTQXGFD[OCUUKG
D[EQORCTKUQPYKVJCYGKIJUECNGVJGHQNNQYKPIUJQWNFDGEQPUKFGTGF
6JGYGKIJUECNG UTGUQNWVKQPCEEWTCE[YKNNEQPVTKDWVGVQQXGTCNNKPCEEWTCE[
6JGOGVGTHCEVQTCFLWUVOGPV RTQITCOEQFGGVEHQTEQORQPGPV
KUUVKNNCRRNKGFVQVJGITQUUXQNWOGOGCUWTGFD[VJG&CP.QCF
(NQYTCVGUQPVJG&CP.QCFCTGKPITQUUXQNWOGWPKVURGTOKPWVG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGOCUUEQORWVCVKQPCFLWUVOGPVHCEVQTRTQXKFGUVJGHNGZKDKNKV[VQEQORWVGOCUUKPCNOQUVCP[
WPKVU RQWPFUMKNQITCOUGVE HTQOXQNWOGCPFFGPUKV[KPCNOQUVCP[WPKVU*QYGXGTKVUJQWNF
DGPQVGFVJCVVJG&CP.QCFFKURNC[UOCUUQPN[KP TQWPFGFVQPGCTGUV YJQNGWPKVUGIv
VQPUKHVJGOCUUEQORWVCVKQPCFLWUVOGPVHCEVQTEQORWVGUVQPU5GGRTQITCOEQFGHQTOQTG
KPHQTOCVKQP CPF GZCORNGU #P CFLWUVOGPV HQT DWQ[CPE[ KP CKT ECP DG KPENWFGF KP VJG OCUU
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D[OCUUUKPEGVJGPWODGTQHOCUUWPKVUECPDGXGT[FKHHGTGPVHTQOVJGPWODGTQHXQNWOGWPKVU
5OCNNDCVEJGUUJQWNFDGNQCFKPIKPQTFGTVQXGTKH[VJGEQPHKIWTCVKQPCPFECNEWNCVKQPU
#FFKVKXG+PLGEVKQP
(TQOQPGVQUKZCFFKVKXGUQTPQCFFKVKXGUECPDGKPLGEVGFKPVQVJGNQCFGFRTQFWEVUVTGCO
2TQITCOEQFGPWODGTUCTGKPFKECVGFKPVJGVGZVKPVJGHQNNQYKPIOCPPGT1PGVJTGGFKIKVPWODGT
KPFKECVGU VJCV VJG RCTCOGVGT CRRNKGU INQDCNN[ VQ CNN CFFKVKXG KPLGEVKQP 5KZ VJTGGFKIKV PWODGTU
UGRCTCVGF D[ UNCUJGU KPFKECVG VJCV C UGRCTCVG RCTCOGVGT CRRNKGU VQ GCEJ QH VJG UKZ CFFKVKXGU
KPLGEVGF6JGUKZVJTGGFKIKVRTQITCOEQFGPWODGTUCTGKPCFFKVKXGPWOGTKECNQTFGT CFFKVKXG
VJTQWIJ
6JGRTKOCT[HGCVWTGUQHVJGCFFKVKXGKPLGEVKQPEQPVTQNU[UVGOCTGNKUVGFDGNQY
2TQXKFGUTGEKRGITQUUCPFUVCPFCTF TWPPKPIVQVCNK\GTUCPFCFFKVKXGTWPPKPIVQVCNK\GTUVQ
HCEKNKVCVGRTQFWEVCPFCFFKVKXGKPXGPVQT[OCPCIGOGPV
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQXKFGUCPCFFKVKXGOGVGTECNKDTCVKQPUETGGPYKVJCUVGRD[UVGRRTQEGFWTGHQTEQORWVKPI
CPCFFKVKXGOGVGTçU-HCEVQT
6[RKECNN[UOCTVCFFKVKXGKPLGEVQTU[UVGOUEQPVTQNVJGHNQYQHCFFKVKXGKPVQRTQFWEVXKCCPQPQHH
XCNXGCPFCPCFFKVKXGOGVGT6JGUOCTVCFFKVKXGKPLGEVQTOWUVDGKPVGTHCEGFVQCPGNGEVTQPKE
RTGUGV DCVEJEQPVTQNNGT 2.%QTQVJGTCWVQOCVKQPU[UVGOXKCJCTFYKTGFUKIPCNU HNQYRGTOKUUKXG
RWNUGRGTICNNQPHGGFDCEMCPFCNCTO QTEQOOWPKECVKQPU 45QT45
6JG&CP.QCFGNGEVTQPKERTGUGVEQPVTQNUCPFOGVGTUCFFKVKXGHNQYFKTGEVN[CPFVJWUEQODKPGU
VJGHWPEVKQPCNKV[QHCPCFXCPEGFGNGEVTQPKERTGUGVCPFOWNVKRNGUOCTVCFFKVKXGKPLGEVQTU[UVGOU
6JKUJCUVJGHQNNQYKPICFXCPVCIGU
1XGTCNNGNGEVTQPKERTGUGVCFFKVKXGKPLGEVQTU[UVGOEQUVKUTGFWEGF6JGUCXKPIQPUOCTV
CFFKVKXGKPLGEVQTUOC[GXGPEQXGTVJGEQUVQHVJGGNGEVTQPKERTGUGV
5[UVGO KPUVCNNCVKQP KU UKORNKHKGF FWG VQ TGFWEGF KPVGTHCEKPI TGSWKTGOGPVU #NN VJCV KU
PGGFGFKUCPQWVRWVVQGCEJCFFKVKXGEQPVTQNXCNXGCPFCPKPRWVHTQOGCEJCFFKVKXGOGVGT
5[UVGOQRGTCVKQPKUUKORNKHKGF6JG&CP.QCFFKTGEVN[EQPVTQNUVJGHNQYQHRTQFWEV
CPFCFFKVKXGU%QPHKIWTCVKQPECNKDTCVKQPCNCTORTQEGUUKPIFKCIPQUVKEUGVECNNVCMGRNCEG
CVVJG&CP.QCF5QOGRQUUKDNGECWUGUQHCNCTOU FWGVQKPVGTHCEKPI CTGGNKOKPCVGF
#FFKVKXGENGCPNKPGUVCTVRTQEGUUKPIKUKORTQXGF7PNKMGGZKUVKPIUOCTVCFFKVKXGKPLGEVQT
U[UVGOUVJG&CP.QCFMPQYUVJGRTGUGVXQNWOGYJKEJCNNQYUKPLGEVKQPE[ENGUVQDG
URTGCF QXGT OQUV QH VJG DCVEJ CPF RTGXGPVU URWTKQWU QXGTKPLGEVKQP CNCTOU QP UOCNN
DCVEJGU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JG&CP.QCFECPEQPVTQNWRVQUKZRJ[UKECNCFFKVKXGU1PGCFFKVKXGTCVKQQWVRWV V[RKECNN[
CFKUETGVGQWVRWVQPCP#%+1QTGPJCPEGF+1DQCTF CPFQPGCFFKVKXGOGVGTKPRWV V[RKECNN[C
NQYURGGFQTJKIJURGGFFKUETGVGKPRWV FGRGPFKPIQPVJGRWNUGYKFVJ QPC&%+1DQCTFQT
GPJCPEGF+1DQCTF KUTGSWKTGFRGTCFFKVKXG6JGCFFKVKXGOGVGTCPFQPQHHXCNXGCTGWUWCNN[
OQWPVGFQPCPCFFKVKXGRCPGNYJKEJRTQXKFGUCFFKVKQPCNRKRKPIHQTCFFKVKXGOGVGTECNKDTCVKQP
6JG&CP.QCF UCFFKVKXGTCVKQQWVRWVKUYKTGFVQVJGQPQHHXCNXG6JGCFFKVKXGOGVGTKU
YKTGFVQVJG&CP.QCF UCFFKVKXGOGVGT CFFKVKXGHGGFDCEM KPRWV6JGGPFWUGTOWUVGPUWTG
VJGCFFKVKXGOGVGTQWVRWVFQGUPQVGZEGGFVJG&CP.QCFJKIJURGGFKPRWVHTGSWGPE[CPFOKPKOWO
RWNUGYKFVJURGEKHKECVKQP
#FFKVKXGXQNWOGKUOGCUWTGFXKCC-HCEVQTRGTCFFKVKXGYJKEJKUWUGFHQTDQVJCWVJQTK\GFCPF
WPCWVJQTK\GFCFFKVKXGHNQY5GNGEVGFCFFKVKXGUDGEQOGCWVJQTK\GFYJGPCDCVEJKUUVCTVGF
TGOCKPCWVJQTK\GFYJKNGVJGDCVEJKUUVQRRGFDGEQOGWPCWVJQTK\GFYJGPVJGDCVEJGPFUYJKEJ
CNNQYUCPCWVJQTK\GFCFFKVKXGVQDGKPLGEVGFOCPWCNN[YJGPCDCVEJUVQRUFWGVQWPFGTKPLGEVKQP
6JG /WNVK 4CVG CFFKVKXG UGNGEVKQP OGVJQF CNNQYU OWNVKRNG CFFKVKXG TCVKQU EQPEGPVTCVKQPU QH
CFFKVKXG VQDGEQPHKIWTGFRGTCFFKVKXGD[EQPHKIWTKPICPCFFKVKXGTCVKQRGTTGEKRGCPFECPDGWUGF
YKVJCP[KPLGEVKQPOGVJQFQTEQODKPCVKQPQHKPLGEVKQPOGVJQFU*QYGXGTUKPEGVJGRTQITCOEQFG
HQTCTGEKRG UEQORQPGPVRGTEGPVCIGKUWUGFVQEQPHKIWTGVJGTGEKRG UQXGTTKFGCFFKVKXGTCVKQ
XQNWOGVJG&CP.QCFKUNKOKVGFVQCOCZKOWOQHVJTGGEQORQPGPVUKPVJKUEQPHKIWTCVKQP
4GEKRGCPFCFFKVKXGTWPPKPIVQVCNK\GTUCNNQYRTQFWEVCPFCFFKVKXGVJTWRWVHQTCRCTVKEWNCTEWUVQOGT
VQDGOQPKVQTGF 6JGYQTMCDKNKV[QHVJKUUEJGOGFGRGPFUUQOGYJCVQPVJGTGDGKPIPQOQTGVJCP
QPGCFFKVKXGRGTTGEKRG 6JGTGEKRGITQUUCPFUVCPFCTFTWPPKPIVQVCNK\GTU FCVCEQFGUVJTQWIJ
CPF VJG CFFKVKXG TWPPKPI VQVCNK\GTU FCVC EQFGU VJTQWIJ ECP DG FKURNC[GF KP VJG
F[PCOKEFCVCFKURNC[RTKPVGFQPVJGFCVCNQIIKPIRTKPVGT XKCVJGVQVCNK\GTUFCVCNQI QTTGSWGUVGF
XKCCWVQOCVKQPU[UVGOEQOOWPKECVKQPU EQOOCPFEQFGJ
6JG&CP.QCFCRRNKECVKQPRTQITCOECPXGTKH[VJCVVJGXQNWOGQHCFFKVKXGOGCUWTGFKUYKVJKP
EQPHKIWTGFNKOKVUVJTQWIJQWVCDCVEJCPFTCKUGCPCNCTO#FFKVKXG:HCKNWTGYJGTG:KUVJG
CFFKVKXGPWODGTVQCPFUVQRVJGDCVEJNQCFKPIKHVJGXQNWOGQHCFFKVKXGOGCUWTGFKUPQV
YKVJKPEQPHKIWTGFNKOKVU6JKURTQXKFGUCNQYEQUVCNVGTPCVKXGVQUOCTVKPLGEVQTU[UVGOU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#FFKVKXGKUV[RKECNN[KPLGEVGFKPDWTUVUQTFQUGUUQVJCVVJGCEVWCNRTQFWEVVQCFFKVKXGTCVKQXCTKGU
YKFGN[FWTKPICDCVEJRCTVKEWNCTN[PGCTVJGUVCTVQHCDCVEJ6JKUKUKNNWUVTCVGFKPVJGVCDNGQPVJG
HQNNQYKPI RCIG YJKEJ EQPVCKPU FCVC HQT CP KPLGEVQT VJCV KPLGEVU EO ICNNQPU QH
CFFKVKXGHQTGXGT[ICNNQPUQHRTQFWEVFGNKXGTGF
6JG&CP.QCFKUCYCTGQHVJGXCT[KPIRTQFWEVVQCFFKVKXGTCVKQFWTKPINQCFKPICPFFQGUPQV
VTKIIGT GTTQPGQWU CFFKVKXG KPLGEVKQP CNCTOU WPNGUU CEVWCN TCVKQ GTTQTU GZKUV #FFKVKQPCNN[ VJG
HQNNQYKPIVYQENGCPNKPGXQNWOGRCTCOGVGTUCHHGEVVJGTCVGQHCFFKVKXGKPLGEVKQP
2TQITCOEQFG%NGCPNKPGSV[UGVUVJGSWCPVKV[QHRTQFWEVVQFGNKXGTCVVJGGPFQHVJG
DCVEJNQCFKPIYKVJQWVCFFKVKXGKPLGEVKQP(QTUGSWGPVKCNDNGPFKPIVJGXCNWGUGVD[RTQITCO
EQFG%NGCPNKPGSV[CRRNKGUVQGCEJEQORQPGPVKPVJGDNGPF6JKUHWPEVKQPRTGXGPVU
CFFKVKXGEQPVCOKPCVKQPKPUWDUGSWGPVRTQFWEVFGNKXGTKGU
2TQITCOEQFG%NGCPNKPGSV[UGVUVJGSWCPVKV[QHRWTGRTKOCT[EQORQPGPVUGVD[
RTQITCO EQFG 2TKOCT[ EQORQPGPV VQ FGNKXGT CV VJG GPF QH VJG FGNKXGT[ 6JKU
HWPEVKQP RTGXGPVU RTQFWEV EQPVCOKPCVKQP KP UWDUGSWGPV RTQFWEV FGNKXGTKGU +H HQT C
RCTVKEWNCTDCVEJVJGRTGUGVSWCPVKV[KUNGUUVJCPQTGSWCNVQVJGENGCPNKPGSWCPVKV[VJG
DCVEJKUFGNKXGTGFCUKHVJGTGYGTGPQENGCPNKPGSWCPVKV[EQPHKIWTGF
#FFKVKXGKP2TQFWEV
2TQFWEV
ICNNQPU EO ICNNQPU 2TQFWEVCFFKVKXGTCVKQ
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#FFKVKXG+PLGEVKQP%QPHKIWTCVKQP
#FFKVKXGWPKVU6JKUKFGPVKHKGUVJGWPKVUCPFHQTOCVKPYJKEJCFFKVKXGXQNWOGUCTGFKURNC[GF
CPFRTKPVGFKGVJGGZVGTPCNCFFKVKXGWPKVUCPFRTQXKFGUCOPGOQPKEHQTCFFKVKXGWPKVUQPFCVC
NQIU6JGKPVGTPCNCFFKVKXGWPKVUFGRGPFQPVJGCFFKVKXGKPLGEVKQPOGVJQF RTQITCOEQFGU
GVE RGTCFFKVKXGCPFHQTVJG/GVGTCPF%QPVTQNKPLGEVKQPOGVJQFUVJGRTQFWEVWPKVU
RTQITCOEQFG 5GNGEVQPGQHVJGHQNNQYKPI
EE#FFKVKXGXQNWOGUCTGFKURNC[GFCPFRTKPVGFKPEWDKEEGPVKOGVGTUHQTOCVVGF
CU
KP#FFKVKXGXQNWOGUCTGFKURNC[GFCPFRTKPVGFKPEWDKEKPEJGUHQTOCVVGFCU
)CN #FFKVKXG XQNWOGU CTG FKURNC[GF CPF RTKPVGF KP ICNNQPU HQTOCVVGF CU
. #FFKVKXG XQNWOGU CTG FKURNC[GF CPF RTKPVGF KP NKVGTU HQTOCVVGF CU
6JGFGHCWNVXCNWGKUEE
5GNGEVKQPOGVJQF6JGOGVJQFD[YJKEJCFFKVKXGUCTGUGNGEVGFKPVJGOCPWCNQRGTCVKPI
OQFG +P VJG CWVQOCVKE QRGTCVKPI OQFG VJG CFFKVKXG UGNGEVKQP OGVJQF KU FGVGTOKPGF D[ VJG
CWVQOCVKQPU[UVGO4GHGTVQVJG#WVJQTK\G6TCPUCEVKQP J EQOOCPFKPVJG&CP.QCF
%QOOWPKECVKQPU5RGE 5GNGEVQPGQHVJGHQNNQYKPI
'ZVGTPCN #NN EQPHKIWTGF 0WODGT QH CFFKVKXGU CFFKVKXG TCVKQ QWVRWVU CTG
E[ENGF#PCFFKVKXGECPDGUGNGEVGFD[CPGZVGTPCNEQPVCEVGICPCWVQOCVKQP
U[UVGOTGNC[QTCMG[UYKVEJ
2TQORV 6JG QRGTCVQT KU RTQORVGF VQ UGNGEV CFFKVKXGU CV VJG UVCTV QH GCEJ
VTCPUCEVKQP #FFKVKXGUGNGEVKQPUETGGP
4GEKRG6JGCFFKVKXGUURGEKHKGFD[VJGNCUVVYQEJCTCEVGTUQHVJGTGEKRGPCOG
GPVGTGFCUVJGFKIKVFGEKOCNGSWKXCNGPVQHCPCFFKVKXGDKVOCR UGGDGNQY CTG
UGNGEVGFCWVQOCVKECNN[/WNVKRNGCFFKVKXGUECPDGUGNGEVGFRGTTGEKRG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
/WNVK 4CVG 6JG CFFKVKXGU URGEKHKGF D[ VJG NCUV VYQ EJCTCEVGTU QH VJG TGEKRG
PCOG GPVGTGF CU VJG FKIKV FGEKOCN GSWKXCNGPV QH CP CFFKVKXG DKV OCR UGG
DGNQY CTG UGNGEVGF CWVQOCVKECNN[ CPF VJG TGEKRG U EQORQPGPV RGTEGPVCIG
VTWPECVGF HTQO JWPFTGFVJU VQ YJQNG WPKVU KU KPVGTRTGVGF CU VJG CFFKVKXG TCVKQ
XQNWOG 6JKU NKOKVU VJG &CP.QCF VQ C OCZKOWO QH VJTGG EQORQPGPVU
/WNVKRNGCFFKVKXGUECPDGUGNGEVGFRGTTGEKRG
6JG FGHCWNV XCNWG KU 'ZVGTPCN 6JG FGEKOCN GSWKXCNGPV QH VJG CFFKVKXG DKV OCR HQT VJG
4GEKRG CPF /WNVK 4CVG UGNGEVKQP OGVJQFU KU EQORWVGF D[ CFFKPI VQIGVJGT VJG CRRTQRTKCVG
XCNWGUHTQOVJGTKIJVJCPFEQNWOPQHVJGHQNNQYKPIVCDNG
#FFKVKXG 8CNWG
(QTGZCORNGKPQTFGTVQUGNGEVCFFKVKXGUCPFVQDGKPLGEVGFKPVQVJGOKFITCFGTGEKRGGPVGT
/KFITCFGAAAAAAHQTVJGTGEKRGPCOG VJGWPFGTUEQTGEJCTCEVGTTGRTGUGPVU
CURCEG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+PLGEVKQP OGVJQF 6JG HKTUV VYQ KPLGEVKQP OGVJQFU /GEJ CPF *CPFUJCMG VQVCNK\G
CFFKVKXGDCUGFQPCSWCPVKV[RGTRWNUGCPFVJGKTKPVGTPCNCFFKVKXGWPKVUCTGEO6JGQVJGTVYQ
KPLGEVKQPOGVJQFU /GVGTCPF%QPVTQN VQVCNK\GCFFKVKXGWUKPICPCFFKVKXGOGVGT-HCEVQTCPF
VJGKTKPVGTPCNCFFKVKXGWPKVUKGHQTKPVGTRTGVKPIVJG-HCEVQTCTGVJGEQPHKIWTGFRTQFWEVWPKVU
RTQITCOEQFG (QTCNNHQWTKPLGEVKQPOGVJQFUVJG&CP.QCFEQPXGTVUCFFKVKXGXQNWOGU
HTQO KPVGTPCN WPKVU VQ GZVGTPCN WPKVU RTQITCO EQFG HQT FKURNC[ CPF RTKPVKPI 5KPEG VJG
KPLGEVKQPOGVJQFKUEQPHKIWTGFRGTCFFKVKXG RTQITCOEQFGUGVE QPGCFFKVKXGECPDG
KPLGEVGFXKCCUKORNGOGEJCPKECNKPLGEVQT /GEJ YJKNGCPQVJGTECPDGKPLGEVGFCPFOGCUWTGF
XKCCPCFFKVKXGRCPGN %QPVTQN 5GNGEVQPGQHVJGHQNNQYKPI
/GEJ#FFKVKXGKPLGEVKQPXKCCOGEJCPKECNKPLGEVQT HKZGFFQUGRGTTCVKQE[ENG
YKVJHGGFDCEM6JG&CP.QCFEQPVTQNUVJGTCVKQQWVRWV KHEQPHKIWTGF CPF
VQVCNK\GU CFFKVKXG WUKPI VJG SWCPVKV[ RGT RWNUG QP KPRWV KH C HGGFDCEM KPRWV KU
EQPHKIWTGF QTQPQWVRWV KHPQV #FFKVKXGXGTKHKECVKQPKUDCUGFQPVJGEQPHKIWTGF
TGSWKTGF PWODGT QH HGGFDCEM RWNUGU RGT TCVKQ E[ENG RTQITCO EQFG VJG
EQPHKIWTGFCFFKVKXGGTTQTNKOKV RTQITCOEQFG CPFVJGXQNWOGQHCFFKVKXGRGT
QHRTQFWEV KHEQPHKIWTGF
/GVGT#FFKVKXGKPLGEVKQPXKCCOGEJCPKECNKPLGEVQT HKZGFFQUGRGTTCVKQE[ENG
YKVJCFFKVKXGOGVGT6JG&CP.QCFEQPVTQNUVJGTCVKQQWVRWV KHEQPHKIWTGF
CPFVQVCNK\GUCFFKVKXGWUKPIVJGCFFKVKXG-HCEVQTQPKPRWV KHCHGGFDCEMKPRWVKU
EQPHKIWTGF #FFKVKXGXGTKHKECVKQPKUDCUGFQPVJGXQNWOGQHCFFKVKXGRGTQH
RTQFWEV KHEQPHKIWTGF
6JGFGHCWNVXCNWGKU/GEJ
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
8QNWOGRWNUG QT -HCEVQT VQ 6JKU KU WUGF HQT VQVCNK\KPI CFFKVKXG DQVJ
CWVJQTK\GFCPFWPCWVJQTK\GFCFFKVKXGHNQY 6JKUKUKPKPVGTPCNCFFKVKXGWPKVU(QTVJG/GEJ
CPF *CPFUJCMG KPLGEVKQP OGVJQFU KV KU VJG XQNWOG RGT RWNUG KP EO (QT VJG /GVGT CPF
%QPVTQN KPLGEVKQP OGVJQFU KV KU VJG CFFKVKXG OGVGT U -HCEVQT KG RWNUGU RGT RTQFWEV WPKV
RTQFWEVWPKVURGTRTQITCOEQFG +PVGTPCNCFFKVKXGWPKVUECPDGEQPXGTVGFVQGZVGTPCNCFFKVKXG
WPKVUXKCVJGEQPHKIWTGFCFFKVKXGWPKVU RTQITCOEQFG 6JGFGHCWNVXCNWGKU
7PCWVJ CFFKVKXG HNQY XQN VQ 6JG XQNWOG WPKVU FGVGTOKPGF D[
CFFKVKXG-HCEVQT QHWPCWVJQTK\GFCFFKVKXGHNQYCVYJKEJCPCFFKVKXG:HCKNWTGCNCTOKUTCKUGFHQT
VJG /GVGT CPF %QPVTQN KPLGEVKQP OGVJQFU RTQITCO EQFGU GVE 7PCWVJQTK\GF
CFFKVKXGHNQYKUFGVGEVGFCUCHGGFDCEMGTTQTHQTVJG/GEJCPF*CPFUJCMGKPLGEVKQPOGVJQFU
<GTQFKUCDNGUVJGCNCTO6JGFGHCWNVXCNWGKUKGFKUCDNGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
1PEGCUGEQPFVJG&CP.QCFEQORCTGUVJGEWTTGPVJQWTYKVJEQPHKIWTGFEWVQHHJQWTVJG
EWTTGPVFC[YKVJVJGNCUVEWVQHHFC[CPFVJGEWTTGPVJQWTYKVJVJGNCUVEWVQHHJQWTCUHQNNQYU
6JKUCNNQYUOWNVKRNGEWVQHHURGTFC[VQDGTWPRGTFC[D[KPETGCUKPIVJGEQPHKIWTGFEWVQHHJQWT
RTQITCOEQFG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQEGUUKPI
2TKQTVQUVCTVKPICDCVEJVJG&CP.QCF
%QORWVGUVJGXQNWOGQHCFFKVKXGRGTQHRTQFWEVDCUGFQPVJGEQPHKIWTGFCFFKVKXG
RGT HQTVJG'ZVGTPCN2TQORV+PRWVUCPF4GEKRGUGNGEVKQPOGVJQFU QTVJG
EQPHKIWTGFTCVKQXQNWOGCFFKVKXGRGTCPF%QORQTTCVKQXQNWOG HQTVJG
/WNVK4CVGUGNGEVKQPOGVJQF
%QORWVGUVJGKFGCNXQNWOGQHCFFKVKXGRGTCFFKVKXGTCVKQE[ENG
+PKVKCNK\GUXCTKQWURGTDCVEJCPFRGTTCVKQE[ENGXCTKCDNGU
9JGP FWTKPI FGNKXGT[ QH VJG DCVEJ VJG CFFKVKXG EQPVTQN XQNWOG KG VJG XQNWOG QH RTQFWEV
VJTQWIJVJGEQPHKIWTGFCFFKVKXGEQPVTQNOGVGTUTGCEJGUKPLGEVQHVJGCFLWUVGFCFFKVKXGTCVKQ
XQNWOGVJG&CP.QCF
%QORWVGUVJGPWODGTQHRWNUGUTGSWKTGFVQENQUGVJGCFFKVKXGXCNXGQPVJGRTGXKQWUTCVKQ
E[ENG 1PN[QPGCFFKVKXGXCNXGENQUWTGPWODGTQHRWNUGUKUWUGF
%QORWVGUVJGPWODGTQHRWNUGUTGSWKTGFFWTKPIVJGEWTTGPVTCVKQE[ENGVQOCKPVCKPVJGKFGCN
CFFKVKXGDCVEJXQNWOG
+PKVKCNK\GUXCTKQWURGTTCVKQE[ENGXCTKCDNGU
'PGTIK\GUVJGCFFKVKXGTCVKQQWVRWVCNNQYKPICFFKVKXGVQHNQYCPFEQWPVURWNUGUHTQOVJG
CFFKVKXGOGVGT
9JGPVJGPWODGTQHRWNUGUHTQOVJGCFFKVKXGOGVGTGSWCNUVJGPWODGTQHRWNUGUTGSWKTGFFWTKPI
VJG EWTTGPVTCVKQE[ENGOKPWUVJGPWODGTQHRWNUGUTGSWKTGFVQENQUGVJGCFFKVKXGXCNXGQPVJG
RTGXKQWUTCVKQE[ENGVJG&CP.QCFFGGPGTIK\GUVJGCFFKVKXGTCVKQQWVRWVCPFEQPVKPWGUVQ
EQWPVRWNUGHTQOVJGCFFKVKXGOGVGT
#FFKVKXGXQNWOGEQORWVCVKQPCPFCFFKVKXGRGTXGTKHKECVKQP CUHQTCNNKPLGEVKQPOGVJQFU
KUU[PEJTQPK\GFYKVJVJGRGTOGVGTXQNWOGEQORWVCVKQPU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%CNEWNCVKQPU
6JGRTQEGUUKPIKPFKECVGFQPVJGHQNNQYKPIRCIGKURGTHQTOGFEQPVKPWQWUN[FWTKPICDCVEJHQTGCEJ
UGNGEVGFCFFKVKXGYKVJPQP\GTQCFFKVKXGRGTWPKVU
%QORWVGKFGCNFQUGQHCFFKVKXGRGTCFFKVKXGTCVKQSWCPVKV[
+FGCNCFFFQUG#FFKVKXGRGT 4CVKQSWCPVKV[
%QORWVGVJGKFGCNXQNWOGQHCFFKVKXGHQTNQCFGFRTQFWEV
+FGCNXQNCFF+FGCNCFFFQUG #EVWCNKPLE[ENGUEQORNGVG
6*'0%QORWVGVJGKFGCNXQNWOGQHCFFKVKXGHQTVJGEWTTGPVRTQFWEVSWCPVKV[
+FGCNXQNCFF2TQFXQN +FGCNCFFFQUG
4CVKQSWCPVKV[
%JGEM CPFRGTEGPVCIGU
6*'0)GPGTCVGCP#FFKVKXG:HCKNWTGRTKOCT[CNCTO
5VQRVJGDCVEJNQCFKPI
'0&+(
'0&+(
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
Í Í
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ )TQUU )TQUU &CP.QCF KPLGEVKQPU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
)TQUU )TQUU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
)TQUU )TQUU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
)TQUU )TQUU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
)TQUU )TQUU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPEQPHKIWTCVKQP
%QPHKIWTCVKQP
2TQITCO &GUETKRVKQP 8CNWG
%QFG
6GUV4GUWNVU
2TGUGV /GVGT /GVGT #FFKVKXG4CVKQEQORWVGFD[ #FFKVKXG
3WCPVKV[ &CP.QCF KPLGEVKQPU
)TQUU )TQUU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#FFKVKXG/GVGT%CNKDTCVKQP
6JG&CP.QCF UCFFKVKXGOGVGTECNKDTCVKQPUETGGPRTQXKFGUCUKORNGUVGRD[UVGRRTQEGFWTG
HQTEQORWVKPICPCFFKVKXGOGVGT U-HCEVQTWUKPICDGCMGTITCFWCVGFKPEWDKEEGPVKOGVGTU EOQT
EE /KNNKNKVGTU ON CTGGSWKXCNGPVWPKVU6[RKECNN[RTQFWEVNKPGRTGUUWTGKGFQYPUVTGCOQH
VJGCFFKVKXGOGVGTUJQWNFDGUKOWNCVGFWUKPICDCEMRTGUUWTGXCNXGCUTGSWKTGFRGTCFFKVKXGRCPGN
OCPWHCEVWTGTURGEKHKECVKQPU V[RKECNN[RUK KPQTFGTVQGUVCDNKUJCPCEEWTCVG-HCEVQTHQTPQTOCN
NQCFKPIEQPFKVKQPU
2TKQT VQ WUKPI VJG CFFKVKXG OGVGT ECNKDTCVKQP UETGGP VJG HQNNQYKPI RCTCOGVGTU UJQWNF DG
EQPHKIWTGF
CFFKVKXG KPLGEVKQP OGVJQF /GVGT QT %QPVTQN KV KU KORQTVCPV VQ WPFGTUVCPF VJG
FKHHGTGPEGDGVYGGPVJGUGVYQOGVJQFUCPFEQPHKIWTGEQTTGEVN[
CFFKVKXGOGVGT-HCEVQTGIVJGXCNWGRTKPVGFQPVJGCFFKVKXGOGVGT
CFFKVKXGRGT HQTVJG%QPVTQNKPLGEVKQPOGVJQF
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#FFKVKXGTCVKQ 8QNRWNUG Z &GUKTGF#FFKVKXGRGT
'PVGTVJGPGYCFFKVKXGTCVKQKPVQ2%
+HCPQVJGTCFFKVKXGTCVKQKUTGSWKTGFVJGPWUGVJGECNEWNCVKQPKPUVGRUCPFCPFGPVGTVJG
XCNWGKPVQ2% %QORQPGPVQTTCVKQSWCPVKV[HQTTGEKRG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG #FFKVKXGKPLGEVKQPWUKPI/WNVK4CVGUGNGEVKQPCPF/GVGTOGVJQF
2TQITCO%QFG 2% 5GVWR
0WODGTQHCFFKVKXGU
/WNVK4CVG 5GNGEVKQPOGVJQF
4CVKQ3WCPVKV[6JKUXCNWGKUKIPQTGFYJGP/WNVK4CVGKUUGNGEVGF
/GVGT +PLGEVKQP/GVJQF
8QNWOG2WNUGQT-HCEVQT
#FFKVKXGRGT
0WODGTQHTGEKRKGU
Z %QORQPGPVQTTCVKQSWCPVKV[HQTTGEKRG
&GVGTOKPGVJGCOQWPVQHCFFKVKXGFGNKXGTGFRGTKPLGEVKQP
8QNRWNUG 6QVCNCFFKVKXGKPLGEVGF QHRWNUGU
&GVGTOKPGVJGCFFKVKXGTCVKQ
#FFKVKXGTCVKQ 8QNRWNUG Z &GUKTGF#FFKVKXGRGT
'PVGTVJGPGYCFFKVKXGTCVKQKPVQ2%
+HCPQVJGTCFFKVKXGTCVKQKUTGSWKTGFVJGPWUGVJGECNEWNCVKQPKPUVGRUCPFCPFGPVGTVJG
XCNWGKPVQ2% %QORQPGPVQTTCVKQSWCPVKV[HQTTGEKRG
+PDQVJGZCORNGUCDQXGVJG&CP.QCFCNUQEQORWVGUVJGXQNWOGRWNUGYJKEJKUCNUQMPQYP
CUCFFKVKXGWPKV6JKUCFFKVKXGWPKVKUWUGFKPCFFKVKXGGTTQTEJGEMKPI+HVJGFGNKXGTGFCFFKVKXG
HCNNUQWVUKFGQH2% #FFKVKXGGTTQTNKOKV CPFJCUCNUQGZEGGFGFVJGRCTCOGVGTUQH2%
CPF2% NQYCPFJKIJQHVJGKFGCNSWCPVKV[CVCP[RQKPVKPCDCVEJ VJG&CP.QCF
YKNN VGTOKPCVG NQCFKPI CPF FKURNC[ CP é#FFKVKXG Z HCKNWTGê OGUUCIG YJGTG Z KU VJG CFFKVKXG
KPLGEVQTVJCVHCKNGF
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6TCPUCEVKQP5VQTCIG1XGTXKGY
&CVCHQTOWNVKRNGVTCPUCEVKQPUEQORQUGFQHQPGQTOQTGDCVEJFGNKXGTKGUKUUVQTGFKPPQPXQNCVKNG
OGOQT[5VQTCIGQHVTCPUCEVKQPCPFDCVEJFGNKXGT[FCVCKUEQPHKIWTGFCPFGPCDNGFD[RTQITCO
EQFGUVJTQWIJCPFVJTQWIJ6TCPUCEVKQPUVQTCIG/756$'GPCDNGFCPFFGHKPGF
KHGKVJGTQPGQTDQVJQHVJGHQNNQYKPIVYQECUGUGZKUV
%CUG #WUGTFGHKPGF6TCPUCEVKQP6KEMGVYKNNDGRTKPVGFQPCRTGRTKPVGFHQTO
6JGRTKPVEQQTFKPCVGUQHUGNGEVGFXCTKCDNGUCTGFGHKPGFD[RTQITCOEQFGU
VJTQWIJ
+VKUPQVPGEGUUCT[VQFGHKPGVJGVTCPUCEVKQPDCVEJUVQTCIGRTQITCOEQFGUVJTQWIJHQTCP[
QVJGTECUG
6GZVKPVJKUUGEVKQPWUGUUVCPFCTFRTQITCOOKPICPFFCVCDCUGVGTOKPQNQI[;QWFQPQVPGGFVQ
WPFGTUVCPFRTQITCOOKPIQTFCVCDCUGEQPEGRVUVQEQPHKIWTGVTCPUCEVKQPUVQTCIG'ZCORNGUCTG
RTQXKFGFVJCVTGNCVGVJGWPKSWGVGTOKPQNQI[VQJQYFCVCKURNCEGFCPFXKGYGFQPCRTKPVGFRCIG
+HCFFKVKQPCNGZRNCPCVKQPKUTGSWKTGFEQPVCEV&CPKGN#WVQOCVKQP(KGNF5GTXKEG&GRCTVOGPVQTCP[
RGTUQPYKVJEQORWVGTRTQITCOOKPIGZRGTKGPEG
5GEVKQP IKXGU CP GZCORNG QH VTCPUCEVKQP FCVC UVQTCIG FGHKPKVKQP CPF HQTOCVVKPI C WUGT
FGHKPGFVTCPUCEVKQPVKEMGV6JKUGZCORNGRTQXKFGUCPQXGTXKGYQHVJGTGSWKTGFCEVKQPU&GVCKNGF
KPHQTOCVKQPQPVJGVTCPUCEVKQPFCVCUVQTCIGRTQITCOEQFGUCPFVJGWUGTFGHKPGFVTCPUCEVKQPVKEMGV
RTQITCO EQFGU KU RTQXKFGF CHVGT VJG GZCORNG 6JG RTQEGFWTGU HQT KORNGOGPVKPI VTCPUCEVKQP
UVQTCIGCPFFGHKPKPIVJGHQTOCVQHCWUGTFGHKPGFVTCPUCEVKQPVKEMGVCTGFGUETKDGFDGNQY
5GEVKQPFKUEWUUGUVJGFGHCWNVVKEMGVHQTOCVUCXCKNCDNGYKVJVJG&CP.QCF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
4GHGTVQ5GEVKQPHQTVJGCXCKNCDNGRTGEQPHKIWTGF5VCPFCTF6KEMGV(QTOCVU
(QTVJGGZCORNGCUUWOGVJCVVJG&CP.QCFEQPVTQNUICUQNKPGQEVCPGDNGPFKPI OKFITCFG
JKIJQEVCPGQPN[CPFNQYQEVCPGQPN[ICUQNKPGNQCFKPIVQVCPMGTXGJKENGU6JGGZCORNGTGHGTU
VQVJG6TCPUCEVKQP6KEMGV 6[RKECN (KIWTGVJG6TCPUCEVKQP5VQTCIG%QFG9QTMUJGGV
'ZCORNG (KIWTGCPFVJG$CVEJ5VQTCIG%QFG9QTMUJGGV 'ZCORNG (KIWTG
5VGRURGTHQTOGF
&GUKIP VJG VKEMGV HQTOCV WUKPI CXCKNCDNG FCVC FGHKPGF D[ VTCPUCEVKQP UVQTCIG EQFGU CPF
DCVEJUVQTCIGEQFGU&GUKIPVJGRTGRTKPVGFVGZVCUFGUKTGF
7UGCUECNGVQOGCUWTGCPFVJGPOCTMVJGCRRTQZKOCVGTQYPWODGTUCPFEQNWOPPWODGTU
QPVJGTQWIJFTCHVQHVJGVTCPUCEVKQPVKEMGV6JGRTKPVGFQWVRWVHTQOVJG&CP.QCF
KUPQTOCNN[EJCTCEVGTURGTKPEJQPGCEJNKPGCPFTQYURGTKPEJXGTVKECNN[6JGRTKPV
HQPV EJCTCEVGTUV[NGCPFUK\G KUFGRGPFGPVQPVJGFCVCRTKPVGTQTQVJGTGZVGTPCNFGXKEG
UWEJCUCRGTUQPCNEQORWVGTFTKXKPICRTKPVGT
%KTENGGCEJRTKPVGFXCTKCDNGIGPGTCVGFD[VJG&CP.QCF0GCTGCEJEKTENGFXCTKCDNG
YTKVGVJGHQNNQYKPIEQFGVQFGUETKDGVJGXCTKCDNG
6[RGPWODGTTQYEQNWOPPWODGTQHD[VGUUVQTGFKPVTCPUCEVKQPQTDCVEJTGEQTFKVGO
OWNVKRNKGT
6[RGPWODGT 6HQT65%$HQT$5%CPF65%QT$5%PWODGT
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
D 6JG PWODGT QH D[VGU UVQTGF KP VJG VTCPUCEVKQP QT DCVEJ TGEQTF
1DVCKPHTQOVJGD[VGUHQTOCVEQNWOPKPVJG6TCPUCEVKQP5VQTCIG
%QFGU 65% VCDNG QP RCIG QT VJG $CVEJ 5VQTCIG %QFGU
$5% VCDNGQPRCIG0QVG6JKUPWODGTECPDGNGUUVJCPVJG
PWODGTQHEJCTCEVGTUKPVJGHQTOCVVGFRTKPVQWVQHVJGXCTKCDNG
O =OWNVKRNKGT?6JGPWODGTQHHNQYOGVGTUFGHKPGF HQT65%
QTVJGPWODGTQHEQORQPGPVUFGHKPGF HQT$5%
6JG OWNVKRNKGT KU HQT CNN QVJGT 65% U CPF
$5% U
'PVGTVJG65%PWODGTVKEMGVTQYEQNWOPEQQTFKPCVGUCPFPWODGTQHOGOQT[UVQTCIG
D[VGUTGSWKTGFHQTVJGXCTKCDNGKPVJG6TCPUCEVKQP4GEQTF6KEMGV9QTMUJGGV
5VCTVYKVJVJGVQR65%GPVT[CPFECNEWNCVGTGEQTFQHHUGVUKPVJGHQNNQYKPIOCPPGT
D[VGUVKOGUOWNVKRNKGT RNWUQHHUGVGSWCNUVJGQHHUGVHQTVJGHQNNQYKPINKPG65%
+PVJG4GEQTF.GPIVJEQNWOPOCPWCNN[RGTHQTOVJGD[VGU OOWNVKRNKECVKQPCPFYTKVG
VJGRTQFWEVKPVJGEQNWOP5WOCNNQHVJGXCNWGUQTRTQFWEVUKPVJKUEQNWOP6JGGZCORNG
UWO KU D[VGU UVQTCIG TGSWKTGF KP VJG VTCPUCEVKQP FCVC UVQTCIG TGEQTF 4QWPF VJKU
PWODGTVQD[VGUVQCNNQYHQTOKPQTTGFGHKPKVKQPQHFCVCNCVGT'PVGTVJGXCNWGKP
RTQITCOEQFG6TCPUCEVKQPTGEQTFNGPIVJ
'PVGTVJG$5%PWODGTVKEMGVTQYEQNWOPEQQTFKPCVGUCPFPWODGTQHOGOQT[UVQTCIG
D[VGUTGSWKTGFHQTVJGXCTKCDNGKPVJG$CVEJ4GEQTF6KEMGV9QTMUJGGV
5VCTVYKVJVJGVQR$5%GPVT[CPFECNEWNCVGTGEQTFQHHUGVUKPVJGHQNNQYKPIOCPPGT
D[VGUVKOGUOWNVKRNKGT RNWUQHHUGVGSWCNUVJGQHHUGVHQTVJGHQNNQYKPINKPG$5%
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+PVJG4GEQTF.GPIVJEQNWOPOCPWCNN[RGTHQTOVJGD[VGU /OWNVKRNKECVKQPCPFYTKVG
VJGRTQFWEVKPVJGEQNWOP5WOCNNQHVJGXCNWGUQTRTQFWEVUKPVJKUEQNWOP6JGGZCORNG
UWOKUD[VGUUVQTCIGTGSWKTGFKPVJGDCVEJFCVCUVQTCIGTGEQTF4QWPFVJKUPWODGTVQ
D[VGUVQCNNQYHQTOKPQTTGFGHKPKVKQPQHFCVCNCVGT'PVGTVJGXCNWGKPRTQITCO
EQFG$CVEJTGEQTFNGPIVJ
0QVG
6GPOGOQT[RCIGU GCEJRCIGUVQTGUD[VGU CTGCNNQECVGFVQUVQTGVTCPUCEVKQPTGEQTFU
CPFDCVEJTGEQTFU6TCPUCEVKQPUVQTCIGRCIGUCTGCNNQECVGFD[RTQITCOEQFG5VCTVRCIG
CPFRCIGUCPFDCVEJUVQTCIGRCIGUCTGCNNQECVGFD[RTQITCOEQFG5VCTVRCIGCPF
RCIGU+HVTCPUCEVKQPUVQTCIGKUGPCDNGFCVNGCUVQPGRCIGOWUVDGCUUKIPGFHQTVTCPUCEVKQP
UVQTCIGTGEQTFUCPFCVNGCUVQPGRCIGOWUVDGCUUKIPGFHQTDCVEJUVQTCIGTGEQTFU6JG
EQORNGVGDNQEMQHVGPRCIGUKUKFGPVKHKGFD[PWODGTUVJTQWIJYJGTGVJGNCUVVYQ
FKIKVU VJTQWIJ KFGPVKH[VJGPWODGTQHRCIGUCNNQECVGFCPFVJGVJTQWIJRCTVQH
VJGCUUKIPOGPVKPFKECVGUVJGUVCTVRCIG 0QVG/GOQT[RCIGUVJTQWIJCTGWUGF
KPVGTPCNN[D[VJG&CP.QCF
.GV UCUUWOGVJCVCVVJKUVCPMGTXGJKENGNQCFKPIHCEKNKV[KVKUEQOOQPVQNQCFVJTGGQTHQWT
DCVEJFGNKXGTKGUITQWRGFKPVQKPFKXKFWCNVTCPUCEVKQPU
*GTGCTGVJGMPQYPQTCUUWOGFFGVCKNU
6TCPUCEVKQPTGEQTFNGPIVJ
$CVEJTGEQTFNGPIVJ
/CZKOWOPWODGTQHDCVEJGUKPGCEJVTCPUCEVKQPKU$GECWUGVJGDCVEJGURGT
VTCPUCEVKQPUJQWNFPGXGTGZEGGFUGVRTQITCOEQFG$CVEJGUVTCPUCEVKQP
CVVJKUVKOGVQNKOKVVJGPWODGTQHDCVEJGUCNNQYGFRGTGCEJVTCPUCEVKQP
*QYGXGTCNOQUVCNNVTCPUCEVKQPUCTGEQORQUGFQHDCVEJGU6[RKECNN[DCVEJGU
VKOGUD[VGUGCEJDCVEJGSWCNUD[VGURGTGCEJVTCPUCEVKQPUVQTGFKPVJGDCVEJ
UVQTCIGTGEQTF #VVJGGPFQHVTCPUCEVKQPCD[VGVTCPUCEVKQPTGEQTFYKNNCNUQ
DGUVQTGF
.GV UCUUWOGVJCVOQUVVTCPUCEVKQPUCTGEQORQUGFQHDCVEJGU+PVJKUECUGCV
GCEJ VTCPUCEVKQP ENQUG D[VGU CTG UVQTGF KP VJG VTCPUCEVKQP HKNG CU VJG
VTCPUCEVKQPTGEQTFHQTVJGEQORNGVGFVTCPUCEVKQPPPPP#PFD[VGUCTGUVQTGF
KPVJGDCVEJHKNGCU(174DCVEJTGEQTFUVJCVOCMGWRVJGEQORNGVGFVTCPUCEVKQP
PPPP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QORCTGVJGXCNWGQHVJGVTCPUCEVKQPTGEQTFNGPIVJCPFVJGUWOQHCNNDCVEJTGEQTFU
UVQTGFHQTGCEJPQTOCNVTCPUCEVKQP
&KXKFGVJGUOCNNGTXCNWGD[VJGNCTIGTXCNWG+PVJKUGZCORNGFKXKFG
D[6JGTGUWNVKU
5GVRTQITCOEQFG5VCTVRCIGCPFRCIGUVQ HQTDCVEJUVQTCIG
6JKUKPFKECVGUVJCVVJGUVCTVRCIGKUCPFRCIGU CTG
CUUKIPGFVQVJGDCVEJHKNG
6JGTGOCKPKPIRCIGUKPVJGVTCPUCEVKQPUVQTCIGITQWRCTGCNNQECVGFHQT
VTCPUCEVKQPFCVCCUHQNNQYU5GVRTQITCOEQFG5VCTVRCIGCPFRCIGU
VQ HQTVTCPUCEVKQPUVQTCIG 6JKUKPFKECVGUVJCVVJGUVCTVRCIGKUCPF
RCIGU CTGCNNQECVGFVQVJGVTCPUCEVKQPHKNG
7UG VJG FCVC GPVGTGF KP VJG 6TCPUCEVKQP 4GEQTF 6KEMGV 9QTMUJGGV CPF
GPVGTVJGVTCPUCEVKQPFCVCTGEQTFQHHUGVUDGIKPPKPICVKPRTQITCOEQFGU
VJTQWIJCUFGHKPGF
7UGVJGFCVCGPVGTGFKPVJG$CVEJ4GEQTF6KEMGV9QTMUJGGVCPFGPVGTVJG
DCVEJFCVCTGEQTFQHHUGVUDGIKPPKPICVKPRTQITCOEQFGUVJTQWIJ
CUFGHKPGF
=1RVKQPCNQPN[KHWUGTFGHKPGFVTCPUCEVKQPVKEMGVKUFGHKPGF?7UGVJGFCVC
GPVGTGF KP VJG 6TCPUCEVKQP 4GEQTF 6KEMGV 9QTMUJGGV CPF GPVGT VJG
VTCPUCEVKQPFCVCRTKPVEQQTFKPCVGUKPRTQITCOEQFGUVJTQWIJCU
FGHKPGF
=1RVKQPCNQPN[KHWUGTFGHKPGFVTCPUCEVKQPVKEMGVKUFGHKPGF?7UGVJGFCVC
GPVGTGFKPVJG$CVEJ4GEQTF6KEMGV9QTMUJGGVCPFGPVGTVJGDCVEJFCVC
TGEQTFRTKPVEQQTFKPCVGUKPRTQITCOEQFGUVJTQWIJCUFGHKPGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6TCPUCEVKQP6KEMGV 6[RKECN
(KIWTG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6TCPUCEVKQP4GEQTF6KEMGV9QTMUJGGV 'ZCORNG
(KIWTG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$CVEJ4GEQTF6KEMGV9QTMUJGGV 'ZCORNG
(KIWTG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
64#05#%6+105'37'0%'07/$'4
6JG UGSWGPEG PWODGT QH VJG VTCPUCEVKQP QDVCKPGF HTQO 65% 6TCPUCEVKQP
UGSWGPEG PWODGT 6JKU PWODGT VQ KU QDVCKPGF HTQO VJG KPVGTPCN
VTCPUCEVKQP EQWPVGT KP VJG &CP.QCF 6JG VTCPUCEVKQP UGSWGPEG PWODGT KU
TGCFCDNGD[RTQITCOEQFG6TCPUCEVKQP
4'%+2'07/$'40#/'
6JGTGEKRGPWODGT VQ KUQDVCKPGFHTQO65% 4GEKRGPWODGT 6JKU
PWODGT KU OCKPVCKPGF KPVGTPCNN[ D[ VJG &CP.QCF 6JG UGSWGPVKCN TGEKRG
PWODGTUCTGCUUKIPGFVQTGEKRGPCOGUYJKEJJCXGDGGPFGHKPGFD[RTQITCOEQFGU
KPVJGTGEKRGUGVWRRTQITCOEQFGITQWR RTQITCOEQFGUVQ
64#05#%6+10%.15+0) '6+/'
6JGFCVGCPFVKOGVJCVVJGVTCPUCEVKQPKUGPFGF6JKUFCVCKUQDVCKPGFHTQO65%
6TCPUCEVKQPGPFFCVGCPFVKOG 6JGFCVGHQTOCVKUFGRGPFGPVQHVJGEQPHKIWTCVKQP
QHRTQITCOEQFG&CVGHQTOCVCPFRTQITCOEQFG&CVGUGRCTCVQT6JGVKOG
HQTOCVKUCNYC[UKPVJGJJOOUUHQTO
64#05#%6+1012'0+0) '6+/'
6JGFCVGCPFVKOGVJCVVJGVTCPUCEVKQPKUUVCTVGF6JKUFCVCKUQDVCKPGFHTQO65%
6TCPUCEVKQP UVCTV FCVG CPF VKOG 6JG FCVG HQTOCV KU FGRGPFGPV QH VJG
EQPHKIWTCVKQP QH RTQITCO EQFG &CVG HQTOCV CPF RTQITCO EQFG &CVG
UGRCTCVQT6JGVKOGHQTOCVKUCNYC[UKPVJGJJOOUUHQTO
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGRCTCOGVGTUKPVJKUITQWRCTGFGHKPGFD[DCVEJUVQTCIGEQFGU
+P VJG GZCORNG YG YKNN CUUWOG VJCV CP[ VCPMGT XGJKENG ECP QPN[ JCXG C OCZKOWO QH UKZ
EQORCTVOGPVU CPF VJCV RTQITCO EQFG $CVEJGUVTCPUCEVKQP JCU DGGP UGV VQ VQ NKOKV GCEJ
VTCPUCEVKQPVQPQOQTGVJCPUKZDCVEJGU6JGTGHQTGYGJCXGFGUKIPGFVQRTGRTKPVGF&GNKXGT[
6KEMGVYKVJGPQWIJURCEGVQRTKPVWRVQUKZDCVEJTGEQTFU NKPGU KPVJKUCTGC+HVJGPWODGTQH
DCVEJGU RGT VTCPUCEVKQP KU PQV NKOKVGF D[ UGVWR RTQITCO EQFG QT D[ UVTKEV QRGTCVKPI
RTQEGFWTGUVJGPWODGTQHDCVEJTGEQTFURTKPVGFEQWNFQXGTRTKPVVJGNQYGTCTGCQHVJGRTGRTKPVGF
&GNKXGT[6KEMGV
5'3 6JG DCVEJ UGSWGPEG PWODGT KU QDVCKPGF HTQO $5% $CVEJ UGSWGPEG PWODGT #NN
DCVEJGUVJCVCTGRCTVQHQPGVTCPUCEVKQPYKNNJCXGUGSWGPVKCNPWODGTUKPVJGTCPIGQHVQ
6JGDCVEJUGSWGPEGPWODGTKUTGCFCDNGD[RTQITCOEQFG$CVEJPWODGT
24'5'6 6JGDCVEJRTGUGVSWCPVKV[QDVCKPGFHTQO$5%6JKUSWCPVKV[YCUGPVGTGFD[VJG
NQECNQRGTCVQTYJGPVJGDCVEJFGNKXGT[QRGTCVKQPYCUUGVWR
5VCPFCTF)CNNQPU=1%6#0'*+)*?
6JGDCVEJUVCPFCTFSWCPVKV[RGTEQORQPGPVQDVCKPGFHTQO$5% %QORQPGPV
DCVEJUVCPFCTFSWCPVKV[ +PVJKUGZCORNGJKIJQEVCPGICUQNKPGYCUFGHKPGFCU
%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ+PVJKUECUGCVUGVWR
VKOGYGJCXGUGVRTQITCOEQFG/GVGTVQUQVJCVVJGJKIJQEVCPGICUQNKPG
KUOGCUWTGFD[HNQYOGVGT6JKUKUKORQTVCPVKPVJKUKPUVCPEGUQVJCVYGECP
FKURNC[VJGHNQYOGVGTDCUGF64#05#%6+10)4155%.15+0)12'0+0)
4'#&+0)KPVJGUCOGHQTOCVKPVJGNQYGTCTGCQHVJG&GNKXGT[6KEMGV
5VCPFCTF)CNNQPU=1%6#0'.19?
6JGDCVEJUVCPFCTFSWCPVKV[RGTEQORQPGPVQDVCKPGFHTQO$5% %QORQPGPV
DCVEJUVCPFCTFSWCPVKV[ +PVJKUGZCORNGNQYQEVCPGICUQNKPG YCUFGHKPGFCU
%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ+PVJKUECUGCVUGVWR
VKOGYGJCXGUGVRTQITCOEQFG/GVGTVQUQVJCVVJGNQYQEVCPGICUQNKPGKU
OGCUWTGFD[HNQYOGVGT6JKUKUKORQTVCPVKPVJKUKPUVCPEGUQVJCVYGECPFKURNC[
VJGHNQYOGVGTDCUGF64#05#%6+10)4155%.15+0)12'0+0)4'#&+0)
KPVJGUCOGHQTOCVKPVJGNQYGTCTGCQHVJG&GNKXGT[6KEMGV
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6'/2=1%6#0'*+)*?
6JG CXGTCIG VGORGTCVWTG KU QDVCKPGF HTQO $5% %QORQPGPV DCVEJ CXGTCIG
VGORGTCVWTG 5KPEGVJGCXGTCIGVGORGTCVWTGUCTGTGNCVGFVQGCEJEQORQPGPVVJCV
JCUDGGPFGHKPGFVJGQTFGTQHRTKPVKPIQPVJGNKPGKUEQORQPGPVVGORGTCVWTGVJGP
EQORQPGPVVGORGTCVWTG+PVJKUECUGVJGRTGRTKPVGFNCDGNU1%6#0'*+)*
CPF1%6#0'.19KFGPVKH[VJGEQTTGURQPFKPIEQORQPGPV
6'/2=1%6#0'.19?
6JG CXGTCIG VGORGTCVWTG KU QDVCKPGF HTQO $5% %QORQPGPV DCVEJ CXGTCIG
VGORGTCVWTG 5KPEGVJGCXGTCIGVGORGTCVWTGUCTGTGNCVGFVQGCEJEQORQPGPVVJCV
JCUDGGPFGHKPGFVJGQTFGTQHRTKPVKPIQPVJGNKPGKUEQORQPGPVVGORGTCVWTGVJGP
EQORQPGPVVGORGTCVWTG+PVJKUECUGVJGRTGRTKPVGFNCDGNU1%6#0'*+)*
CPF1%6#0'.19KFGPVKH[VJGEQTTGURQPFKPIEQORQPGPV
0QVG 6JGFCVCQDVCKPGFHTQODCVEJUVQTCIGEQFGUGPFUJGTG6JGTGOCKPKPINQYGTCTGCQHVJG
6TCPUCEVKQP 6KEMGV EQPVCKPU QPN[ FCVC QDVCKPGF HTQO VTCPUCEVKQP UVQTCIG EQFGU CPF
VJGTGHQTGGCEJFGHKPGFNKPGKUCVTCPUCEVKQPUVQTCIGNKPG
64#05#%6+10#&&+6+8')415581.7/'5
6JGKPLGEVGFCFFKVKXGITQUUXQNWOGUHQTVJGVTCPUCEVKQPCTGQDVCKPGFHTQO65%
VQ 65% #FFKVKXG Z VTCPUCEVKQP ITQUU SWCPVKV[ 9G JCXG CUUWOGF HQT VJG
GZCORNGVJCVCNNUKZCFFKVKXGUJCXGDGGPUGVWRHQTKPLGEVKQPD[RTQITCOEQFGU
VQ6JGTGHQTGYGJCXGCNNQECVGFURCEGVQRTKPVVJGITQUUSWCPVKVKGUHQTCNNUKZ
CFFKVKXGU6TCPUCEVKQPCFFKVKXGSWCPVKVKGUCTGEWOWNCVKXGGCEJVTCPUCEVKQP6JKU
OGCPUVJCVGCEJCFFKVKXGYKNNJCXGQPN[QPGSWCPVKV[XCNWG+HCEEWOWNCVKQPQH
CFFKVKXGSWCPVKVKGUD[DCVEJKUTGSWKTGF$5%VQ$5%ECPDGWUGFVQCEEGUU
VJGUG SWCPVKVKGU *QYGXGT URCEG QP VJG TGRQTV OWUV DG CNNQECVGF VQ RTKPV C
SWCPVKV[XCNWGHQTGCEJCFFKVKXGCPFGCEJDCVEJ0QVGRTGRTKPVGFCFFKVKXGNCDGNU
KPVJGGZCORNGCTG#&&#&&GVECPCEVWCNVTCPUCEVKQPVKEMGVEQWNFWUGVJG
CEVWCNCFFKVKXGPCOGUKPRNCEGQHVJGIGPGTKERNCEGJQNFGTUWUGFKPVJGGZCORNG
#.#4/5 4GRQTV URCEG KU CNNQECVGF HQT WR VQ VYQ RTKOCT[ CNCTOU VJCV QEEWT FWTKPI VJG
VTCPUCEVKQP 6JG CNCTO OGUUCIGU CTG QDVCKPGF HTQO 65% 2TKOCT[ CNCTO
FWTKPIVTCPUCEVKQP CPF65% 2TKOCT[CNCTOFWTKPIVTCPUCEVKQP 6JGCNCTO
OGUUCIGUVJCVECPDGRTKPVGFCTGFGHKPGFD[XCTKQWURTQITCOEQFGUKPVJGCNCTOU
ITQWRRTQITCOEQFGUVQ1PN[2TKOCT[CNCTOUCTGRTKPVGFD[65%CPF
65% 6YQ VTCPUCEVKQP UVQTCIG EQFGU CTG CEEGUUKDNG VQ RTQXKFG RTKPVKPI
ECRCDKNKV[QHWRVQVYQRTKOCT[CNCTOUVJCVQEEWTFWTKPICVTCPUCEVKQP
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$KV/CR 6JGCNCTODKVOCRKUQDVCKPGFHTQO65%=2TKOCT[CNCTOUFWTKPIVTCPUCEVKQP
DKVOCR ?0QVG/QUVQTICPK\CVKQPUYKNNRTQDCDN[PQVRTKPVVJGDKVOCRHKGNFQPC
RTGRTKPVGFTGRQTV*QYGXGTVJGCNCTODKVOCRFQGURTQXKFGCPJKUVQTKECNTGEQTF
QHRTKOCT[CNCTOUVJCVQEEWTFWTKPIVTCPUCEVKQPRTQEGUUKPI6JGCNCTOUDKVOCR
WUWCNN[ JCU NKOKVGF WVKNKV[ KP C UVCPF CNQPG U[UVGO DGECWUG QEEWTTGPEG QH
RTKOCT[ CNCTOU KPFKECVGU C JCTFYCTG QT QRGTCVKQPCN RTQDNGO VJCV UJQWNF DG
EQTTGEVGF KOOGFKCVGN[ CPF KPVGTRTGVCVKQP QH CP CNCTOU DKVOCR TGSWKTGU CP
WPFGTUVCPFKPIQHVJGDKPCT[CPFJGZCFGEKOCNPWODGTKPIUEJGOGU5GEVKQP
EQPVCKPUKPHQTOCVKQPQPKPVGTRTGVKPIVJGCNCTODKVOCR
64#05#%6+10)4155%.15+0)4'#&+0)
6JKU ITQUU SWCPVKV[ RGT HNQY OGVGT QDVCKPGF HTQO 65% )TQUU OGVGT
VQVCNK\GTCVGPFQHVTCPUCEVKQP +PVJKUGZCORNGJKIJQEVCPGICUQNKPGYCUFGHKPGF
CU%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ6JGNQYQEVCPG
ICUQNKPGYCUFGHKPGFCU%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ
+PVJKUECUGCVUGVWRVKOGYGJCXGUGVRTQITCOEQFG/GVGTVQCPFRTQITCO
EQFG/GVGTVQUQVJCVVJGJKIJQEVCPGICUQNKPGKUOGCUWTGFD[HNQYOGVGT
CPFVJGNQYQEVCPGICUQNKPGKUOGCUWTGFD[HNQYOGVGT6JKUKUKORQTVCPVKPVJKU
KPUVCPEGUQVJCVYGECPFKURNC[CNNSWCPVKVKGUQPVJG&GNKXGT[6KEMGVKPVJGUCOG
QTFGT
64#05#%6+10)415512'0+0)4'#&+0)
6JKU ITQUU SWCPVKV[ RGT HNQY OGVGT QDVCKPGF HTQO 65% )TQUU OGVGT
VQVCNK\GTCVUVCTVQHVTCPUCEVKQP +PVJKUGZCORNGJKIJQEVCPGICUQNKPGYCUFGHKPGF
CU%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ6JGNQYQEVCPG
ICUQNKPGYCUFGHKPGFCU%QORQPGPVCVUGVWRVKOGYKVJRTQITCOEQFGUVQ
+PVJKUECUGCVUGVWRVKOGYGJCXGUGVRTQITCOEQFG/GVGTVQCPFRTQITCO
EQFG/GVGTVQUQVJCVVJGJKIJQEVCPGICUQNKPGKUOGCUWTGFD[HNQYOGVGT
CPFVJGNQYQEVCPGICUQNKPGKUOGCUWTGFD[HNQYOGVGT6JKUKUKORQTVCPVKPVJKU
KPUVCPEGUQVJCVYGECPFKURNC[CNNSWCPVKVKGUQPVJG&GNKXGT[6KEMGVKPVJGUCOG
QTFGT
616#.)415564#05#%6+1037#06+6;
6JKUVQVCNSWCPVKV[KUQDVCKPGFHTQO65% 6TCPUCEVKQPITQUUSWCPVKV[ 6JG
SWCPVKV[KUECNEWNCVGFD[VJGHQNNQYKPIHQTOWNC
TRANSACTION GROSS CLOSING READING (TSC-25) (all meters)
minus
TRANSACTION GROSS OPENING READING (TSC-23) (all meters)
equals
TOTAL GROSS TRANSACTION QUANTITY
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
(.199'+)*6''4#)'6'/2
6JKUXCNWGKUQDVCKPGFHTQO65% 6TCPUCEVKQPCXGTCIGVGORGTCVWTG 6JGXCNWG
KUECNEWNCVGFD[VJGHQNNQYKPIHQTOWNC
sum of COMPONENT BATCH AVERAGE TEMPERATURE
(for all components) divided by the number of
COMPONENT BATCH AVERAGE TEMPERATURE values
&'.+8'4'&5VCPFCTFSWCPVKV[#6&')(
6JKU SWCPVKV[ KU QDVCKPGF HTQO 65% 6TCPUCEVKQP UVCPFCTF SWCPVKV[ 6JKU
SWCPVKV[KUECNEWNCVGFD[VJGHQNNQYKPIHQTOWNC
TOTAL GROSS TRANSACTION QUANTITY times the
COMBINED CORRECTION FACTOR equals
DELIVERED Standard quantity AT 60 DEG F
0QVG 6JG%1/$+0'&%144'%6+10(#%614KUVJGVGORGTCVWTGEQTTGEVKQP
HCEVQTKPVJKUECUGDGECWUGRTGUUWTGEQORGPUCVKQPKUPQVCRRNKGF
&4+8'4 5RCEGHQTVJGVCPMGTXGJKENGFTKXGTVQUKIPHQTTGEGKRVQHRTQFWEV
6'4/+0#.#76*14+<#6+10
5RCEGHQTVJGVGTOKPCNUWRGTXKUQTQTQRGTCVQTVQUKIPHQTFGNKXGT[QHRTQFWEV
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&GHCWNV6KEMGV(QTOCVU
6JTGGFGHCWNVVKEMGVHQTOCVUCTGRTGEQPHKIWTGFKPVJG&CP.QCF4GHGTVQRTQITCOEQFGHQT
CEQORNGVGFGUETKRVKQPQHVJG6TCPUCEVKQP6KEMGV(QTOCV6JGDCUKEHQTOCVUCTG
(QTOCV 6KEMGVYKVJQWVDCVEJFCVC
(QTOCV 6KEMGVYKVJDCVEJFCVC
(QTOCV 6KEMGVYKVJQPN[DCVEJFCVC
5GG(KIWTGQPVJGHQNNQYKPIRCIGHQTCPGZCORNGQHVJGUGHQTOCVU
4GHGTGPEG65%CPF$5%EQFGUQPRCIGUVQHQT(KGNF+FGPVKHKGT
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&ROXPQ
&ROXPQ
&ROXPQ
&ROXPQ
&CP.QCF&GHCWNV6KEMGV(QTOCVU
(KIWTG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6TCPUCEVKQP&CVC5VQTCIG
6JGTGOCKPKPIUWDUGEVKQPUKPVJGZUGTKGUEQPVCKPFGVCKNGFKPHQTOCVKQPQPVTCPUCEVKQPFCVC
UVQTCIGCPFWUGTFGHKPGFVTCPUCEVKQPVKEMGVU
6TCPUCEVKQPDCVEJFCVCUVQTCIGRCTCOGVGTUCTGFGHKPGFD[RTQITCOEQFGUVQVQ
CPFVQ6JGHWPEVKQPQHVJGUGEQFGUKUKPFGRGPFGPVHTQOVTCPUCEVKQPVKEMGVRTKPVKPITGNCVGF
RTQITCOEQFGU*QYGXGTKHWUGTFGHKPGFVTCPUCEVKQPDCVEJVKEMGVUCTGRTKPVGFCPKPVGTTGNCVKQP
DGVYGGPVJGFKHHGTGPVITQWRUQHRTQITCOEQFGU/756$'GUVCDNKUJGF2CTVQHVJKUKPVGTTGNCVKQP
DGVYGGPRTQITCOEQFGUKURGTHQTOGFOCPWCNN[CVUGVWRVKOGCPFRCTVKUGUVCDNKUJGFCWVQOCVKECNN[
KPVGTPCNN[D[VJG&CP.QCF2TQITCOEQFGUVQURGEKH[VJGHQTOCVQHVJGRTKPVGF
VKEMGVU+PCFFKVKQPRTQITCOEQFGUCPFEQPVTQNVJGCEVWCNRTKPVKPICPFUGSWGPEG
PWODGTKPIQHVTCPUCEVKQPVKEMGVU
#NNQVJGTRTQITCOEQFGUKORNGOGPVGFKPVJG&CP.QCFGZEGRVVJQUGNKUVGFKPVJGRTGXKQWU
RCTCITCRJCTGTGNCVGFVQRTQEGUUOQPKVQTEQPVTQNCPFOCPPGTQHQRGTCVKQPQH VJG &CP.QCF
*QYGXGTVJGVTCPUCEVKQPDCVEJUVQTCIGEQFGUCPFVKEMGVRTKPVGTEQPVTQNEQFGUKORNGOGPV
RTQITCOOKPIFCVCDCUGOGVJQFU
&GHKPKVKQPU
0[DDNG #P[DDNGKUDKPCT[DKVU#D[VGEQPVCKPUVYQP[DDNGU
&CVCDCUG6GTOKPQNQI[ CRRNKECDNGVQ&CP.QCFDCVEJCPFVTCPUCEVKQPUVQTCIG
&CVCDCUG #NN QH VJG UVCVKE WPEJCPIKPI CPF F[PCOKE EJCPIKPI FCVC UVQTGF KP VJG
&CP.QCF
(KNG +PVJKUECUGVJGVTCPUCEVKQPHKNGCPFVJGDCVEJHKNGCTGFCVCDCUGVCDNGU'CEJHKNG
KU C DNQEM QH PQPXQNCVKNG DCVVGT[ DCEMGF OGOQT[ VJCV UVQTGU DCVEJ CPF
VTCPUCEVKQPFCVCKPNQIKECNITQWRU6JGHKNG VCDNG EQPVCKPUITQWRUQHUKOKNCTV[RG
FCVCVJCVOCMGWRRCTVQHVJGFCVCDCUG6JGITQWRUQHFCVCKPVJGHKNGCTGFKXKFGF
KPVQEQNWOPUCPFTQYUUKOKNCTVQFCVCGPVGTGFQPRCRGT6JGEQNWOPUCTGECNNGF
HKGNFUCPFVJGTQYUCTGECNNGFTGEQTFU6JGDCVEJCPFVTCPUCEVKQPHKNGUCTGUGRCTCVG
TCPFQOCEEGUU CP[FCVCXCTKCDNGECPDGNQECVGFYKVJCRQKPVGTVQ CFFTGUUQH VJG
XCTKCDNG HKNGU5GG4GEQTFFGHKPKVKQPDGNQY
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
(KGNF #XGTVKECNEQNWOPVJCVEQPVCKPUUKOKNCTV[RGFCVC'CEJHKGNFEQPVCKPUQPGQTOQTG
CNRJCPWOGTKE EJCTCEVGTU 6JG 6TCPUCEVKQP CPF $CVEJ (KNG 1TICPK\CVKQP VCDNG
DGNQY KPFKECVGU VJG HKGNF CPF TGEQTF QTICPK\CVKQP QH DQVJ VTCPUCEVKQP CPF DCVEJ
HKNGU6JGHKGNFEQPVGPVUQHCVTCPUCEVKQPTGEQTFCTGFGHKPGFD[RTQITCOEQFGU
VQ#PFVJGHKGNFEQPVGPVUQHCDCVEJTGEQTFCTGFGHKPGFD[RTQITCOEQFGU
VQ6JGVTCPUCEVKQPUVQTCIGUGVWRRTQEGUUCNNQYUVJGWUGTVQFGHKPGOWNVKRNG
FCVCKVGOUVJCVCTGITQWRGFCUUWDHKGNFUKPVJG 7UGT&GHKPGFHKGNFQHVJG$CVEJ
4GEQTFCPFVJG6TCPUCEVKQP4GEQTF
4GEQTF*GCFGT
9JGPVTCPUCEVKQPDCVEJUVQTCIGKUGPCDNGFCPQPXQNCVKNGOGOQT[DNQEM HKNG
KUETGCVGFHQTWRVQWUGTFGHKPCDNGDCVEJFCVCTGEQTFUCPFWRVQWUGT
FGHKPCDNGVTCPUCEVKQPFCVCTGEQTFU#TGEQTFKUCTQYKPCFCVCDCUGVCDNG%QNWOPU
KPVJGFCVCDCUGVCDNGFGHKPGFCVCHKGNFU
6JGVCDNGDGNQYUJQYUVJGTGNCVKQPUJKRDGVYGGPVJGFCVCUVQTGFGCEJVTCPUCEVKQP
TGEQTF CPFHKNG CPFVJGUGRCTCVGFCVCUVQTGFKPGCEJDCVEJTGEQTF CPFHKNG
0QVG VJCV VJG VTCPUCEVKQP CPF DCVEJ TGEQTFU CTG UVQTGF KP UGRCTCVG DCVEJ CPF
VTCPUCEVKQPHKNGU6JG VCDNGUJQYUQPGVTCPUCEVKQPTGEQTF VQR CPFQPGDCVEJ
TGEQTF DQVVQO VQIGVJGTHQTHKGNFEQORCTKUQPQPN[
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6TCPUCEVKQPCPF$CVEJ(KNG1TICPK\CVKQP
4GEQTF*GCFGT(KGNFURNWU7UGT&GHKPGF(KGNF
6[RGQH %DWFK 7UDQVDFWLRQ 1XPEHU RI
6HTXHQFH 6HTXHQFH 6WDUW %DWFKHV LQ 2SHUDWLQJ 8VHU
4GEQTF 1XPEHU 1XPEHU %DWFK 7UDQVDFWLRQ 0RGH 6WDWXV 'HILQHG
1XPEHU
0QVGU
6JG VTCPUCEVKQP CPF DCVEJ HKNG MG[U CTG PQV UVQTGF KP VJGKT TGURGEVKXG TGEQTFU 6JG
&CP.QCFOCKPVCKPUVJGUGKPFGZPWODGTUKPVGTPCNN[
[GU KPFKECVGUVJCVVJKUHKGNFKUUVQTGFKPVJGEQTTGURQPFKPITGEQTFV[RG
DNCPM KPFKECVGUVJCVVJGHKGNFKUPQVCRRNKECDNGVQVJGEQTTGURQPFKPITGEQTFV[RG
6JGHKGNFUEQPVCKPGFKPGCEJTGEQTFCTGFGHKPGFDGNQY
$CVEJ5GSWGPEG0WODGT KPVGTPCNRQKPVGTVQDCVEJTGEQTF
6JG $CVEJ 5GSWGPEG 0WODGT KU C UGSWGPVKCN PWODGT DGVYGGP CPF VJCV KU
OCKPVCKPGFKPVGTPCNN[D[VJGDCVEJTGEQTFEQWPVGTKPVJG&CP.QCF6JKUPWODGTKU
PQVUVQTGFKPCP[TGEQTFHKGNF*QYGXGTDGECWUGCNNDCVEJFGNKXGTKGUCPFVJGTGHQTGDCVEJ
PWODGTUCTGUGSWGPVKCN VJG &CP.QCFECPNQECVGCP[DCVEJTGEQTFD[UGVVKPIVJG
DCVEJTGEQTFEQWPVGT
6TCPUCEVKQP5GSWGPEG0WODGT UVQTGFCURCTVQHDCVEJTGEQTFJGCFGT
6JG6TCPUCEVKQP5GSWGPEG0WODGTKUCUGSWGPVKCNPWODGTDGVYGGPCPFVJCVKU
OCKPVCKPGFKPVGTPCNN[D[VJGVTCPUCEVKQPTGEQTFEQWPVGTKPVJG&CP.QCF6JKUPWODGT
KUPQVUVQTGFKPVTCPUCEVKQPTGEQTFU*QYGXGTVJGEWTTGPV6TCPUCEVKQP5GSWGPEG0WODGT
KUUVQTGFKPVJGTGEQTFJGCFGTQHGCEJDCVEJTGEQTF$GECWUGCNNVTCPUCEVKQPUCPFVJGTGHQTG
VTCPUCEVKQPPWODGTUCTGUGSWGPVKCNVJG&CP.QCFECPNQECVGCP[VTCPUCEVKQPTGEQTF
D[UGVVKPIVJGVTCPUCEVKQPTGEQTFEQWPVGT6JG6TCPUCEVKQP4GEQTF0WODGTUVQTGFKPVJG
DCVEJTGEQTFJGCFGTKUWUGFVQITQWROWNVKRNGDCVEJGUKPVQQPGVTCPUCEVKQP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5VCTV$CVEJ0WODGT UVQTGFCURCTVQHVTCPUCEVKQPTGEQTFJGCFGT
6JG5VCTV$CVEJ0WODGTKUCPWODGTDGVYGGPCPFVJCVKUUCXGFKPCVTCPUCEVKQP
TGEQTFYJGPVJGHKTUVDCVEJFGNKXGT[QHVJGVTCPUCEVKQPKUUVCTVGF6JKUPWODGTKUUVQTGF
KPVJGVTCPUCEVKQPTGEQTFJGCFGT6JKUPWODGTKPEQPLWPEVKQPYKVJVJG0WODGTQHDCVEJGU
KP6TCPUCEVKQPPWODGTKUWUGFVQITQWRQPGQTOQTGDCVEJFGNKXGTKGUKPVQQPGVTCPUCEVKQP
0WODGTQH$CVEJGUKP6TCPUCEVKQP UVQTGFCURCTVQHVTCPUCEVKQPTGEQTFJGCFGT
6JG0WODGTQH$CVEJGUKP6TCPUCEVKQPKUCPWODGTDGVYGGPCPFVJCVKUUCXGF
KPCVTCPUCEVKQPTGEQTFCHVGTVJGVTCPUCEVKQPKUVGTOKPCVGF6JKUPWODGTKUUVQTGFKPVJG
VTCPUCEVKQPTGEQTF6JKUPWODGTKPEQPLWPEVKQPYKVJVJG5VCTV$CVEJ0WODGTKUWUGFVQ
ITQWRQPGQTOQTGDCVEJFGNKXGTKGUKPVQQPGVTCPUCEVKQP
1RGTCVKPI/QFG UVQTGFCURCTVQHVTCPUCEVKQPTGEQTFJGCFGT
6JG1RGTCVKPIOQFGKUCPWODGTQDVCKPGFHTQOVJGUVCVGQHRTQITCOEQFG1RGTCVKPI
OQFG CV VJG UVCTV QH VJG EWTTGPV VTCPUCEVKQP 6JG RQUUKDNG 1RGTCVKPI /QFGU CTG NKUVGF
DGNQY
1RGTCVKPI/QFG0WODGT 1RGTCVKPI/QFG
#WVQ
/CPWCN
5VCPFCNQPG
5VCVWU UVQTGFCURCTVQHVTCPUCEVKQPCPFDCVEJTGEQTFJGCFGTU
6JG5VCVWUKUCPWODGTVJCVKFGPVKHKGUVJGEWTTGPVUVCVGQHGCEJTGEQTF6JGRQUUKDNGUVCVGU
CTGNKUVGFDGNQY
5VCVWU0WODGT 4GEQTF5VCVWU
TGEQTFKUPQVCNNQECVGFCPFFQGUPQVEQPVCKPXCNKFFCVC
TGEQTFKUCNNQECVGFCYCKVKPIFCVCHTQOCDCVEJNQCFKPI
QTVTCPUCEVKQPKPRTQITGUU
EQORNGVGFVJGFCVCKUXCNKFHQTVJGUWEEGUUHWNN[
EQORNGVGFDCVEJNQCFKPIQTVTCPUCEVKQP
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
7UGT&GHKPGF FCVCHKGNFVJCVKUPQVRCTVQHTGEQTFJGCFGT
&WTKPIUGVWRQHVTCPUCEVKQPUVQTCIGEQFGUVJGHQNNQYKPIVYQTWNGUOWUVDGQDUGTXGFQT
VJGFCVCYKNNPQVDGUVQTGF
'CEJFCVCXCTKCDNGECPPQVQXGTNC[CPQVJGTFCVCXCTKCDNGKPUVQTCIG&CVCXCTKCDNGU
OWUVDGRNCEGFGPFVQGPFYKVJPQQXGTNCR
#P[ FCVC XCTKCDNG ECPPQV GZVGPF RCUV VJG NCUV D[VG QH VJG TGEQTF CU FGHKPGF D[
RTQITCOEQFGHQTVTCPUCEVKQPTGEQTFUQTRTQITCOEQFGHQTDCVEJTGEQTFU
6JGHQNNQYKPIGZCORNGQHVJG7UGT&GHKPGFRQTVKQPQHCDCVEJTGEQTFKNNWUVTCVGUCRRNKECVKQP
QHVJGUGTWNGU#UUWOGVJCVRTQITCOEQFGKUUGVVQ DCVEJTGEQTFNGPIVJKUHKZGF
CVD[VGU
1 2 3 4 5
12345678901234567890123456789012345678901234567890 < OFFSET
aabbttTTPPPPcccccccccccccccc < good record
PPPP < bad record
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG1((5'6KUVJGRQUKVKQPKPVJGD[VGTGEQTFNGPIVJUGVD[RTQITCOEQFG+H
RTQITCOEQFGYJGTGUGVVQPQOGOQT[URCEGKUCNNQVVGFCPFPQFCVCKUUVQTGF&CVC
UVQTCIGKUGPCDNGFD[UGVVKPIRTQITCOEQFGVQCP[XCNWGDGVYGGPCPF8GT[
UOCNNXCNWGUKPVJKUXCTKCDNGCTGPQVOGCPKPIHWNDGECWUGQHVJGNKOKVCVKQPQHFCVCXCTKCDNG
UVQTCIG'ZCORNGQHIQQFTGEQTFUJQYUVJGHQNNQYKPICUUKIPGFFCVCUVQTCIG
#VTCPUCEVKQPEQPUKUVUQHQPGQTOQTGDCVEJFGNKXGTKGUQHCUKPINGTGEKRGCPFCFFKVKXGUGNGEVKQP
EQODKPCVKQP2TQEGUUFCVCHQTVTCPUCEVKQPUKUUVQTGFD[VJG&CP.QCFCPFECPDGCEEGUUKDNG
FGRGPFKPIQPVJGEQPHKIWTCVKQPQHUGXGTCNRTQITCOEQFGU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6TCPUCEVKQP&CVC#EEGUU2TQITCO%QFGU
2TQITCO%QFG (WPEVKQP
'PCDNGURTKPVKPIQHVJG24'&'(+0'&56#0&$CVEJ5WOOCT[
4GRQTVQPQPGQHWRVQHQWTUGNGEVCDNGRTKPVGTU
'PCDNGURTKPVKPIQHVJG24'&'(+0'&56#0&6TCPUCEVKQP
5WOOCT[4GRQTVQPQPGQHWRVQHQWTUGNGEVCDNGRTKPVGTU
'PCDNGURTKPVKPIQHC75'4&'(+0'&6TCPUCEVKQP6KEMGVQPCQPGQH
WRVQHQWTUGNGEVCDNGRTKPVGTU
'PCDNGUUGNGEVKQPCPFRTKPVKPIQHC75'4&'(+0'&6TCPUCEVKQP
6KEMGVQPQPGQHWRVQHQWTUGNGEVCDNGRTKPVGTU6JGUGNGEVKQPCPFTG
RTKPVKPIHWPEVKQPKUGPCDNGFD[OCPWCNGPVT[QHVJGVTCPUCEVKQP
UGSWGPEGPWODGTKPVJG4GRTKPVVTCPUCEVKQPAAAFKURNC[6JG4GRTKPV
VTCPUCEVKQPAAAFKURNC[KUCEEGUUKDNGD[VJGUGEQPFUGNGEVKQPKPVJG
2TQITCO/QFG/GPW
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5HFLSH QDPH VWDUW WUQV D 3&
'DWD LWHP VWDUW WUQV QQQQQQQQ HQWU\ IRU 3&
'DWD LWHP VWDUW WUQV QQQQQQQQ HQWU\ IRU 3&
'DWD LWHP VWDUW WUQV QQQQQQQQ HQWU\ IRU 3&
'DWD LWHP VWDUW WUQV QQQQQQQQ HQWU\ IRU 3&
'DWD LWHP VWDUW WUQV QQQQQQQQ HQWU\ IRU 3&
6CDNGEQPVKPWGUQPPGZVRCIG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&RPS JURVV HQG EDWFK RI FRPS '&
QQQQQQ
&RPS VWG HQG EDWFK RI FRPS '&
QQQQQQ
&RPS WHPS HQG EDWFK RI FRPS '&
QQQQ
&RPS GHQV HQG EDWFK RI FRPS '&
QQQQQ
&RPS SUHV HQG EDWFK RI FRPS '&
QQQQQ
&RPS HQG EDWFK RI FRPS '&
QQQQ
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGVCDNGUCDQXGEQPVCKPVJGHQNNQYKPIFCVC
65%$5%0WODGTCPF&KURNC[
6JKUEQNWOPEQPVCKPUVJGKFGPVKHKECVKQPPWODGTCPFVGZVFKURNC[GFYJGPVJG4GEQTF1HHUGV
2TQITCO%QFGKUCFFTGUUGF
4GEQTF1HHUGV2TQITCO%QFG
6KEMGV%QQTFKPCVGU2TQITCO%QFG
6JKUEQNWOPEQPVCKPUVJGRTQITCOEQFGVJCVFGHKPGUVJGTQYCPFEQNWOPEQQTFKPCVGUVQ
RTKPVVJGFCVCQPCWUGTFGHKPGFVTCPUCEVKQPVKEMGV6JKUHWPEVKQPKUFGUETKDGFDGNQYKPVJG
7UGT&GHKPGF6TCPUCEVKQP6KEMGVUGEVKQP
6KOG&CVCKU5CXGF
6JKUEQNWOPEQPVCKPUVJGVKOGKPVJGVTCPUCEVKQPVKOGUGSWGPEGYJGPVJGFCVCXCTKCDNG
KUUCXGF
'PF DCVEJ 2TGUGV SWCPVKV[ JCU DGGP FGNKXGTGF =TGVWTP VQ UVGR KH OWNVKRNG DCVEJ NQCFU CTG
=GPF DCVEJ? ITQWRGF KP VJKU VTCPUCEVKQP?
14
2TGUU 561224+06 RWUJDWVVQP =TGUVCTV DCVEJ NQCF IQ VQ UVGR KH CNNQYGF QT
TGVWTP VQ UVGR KH OWNVKRNG DCVEJ NQCFU CTG ITQWRGF KP VJKU VTCPUCEVKQP?
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GSWGPEG 5VGRU VJTQWIJ CTG TGRGCVGF HQT OWNVKRNG DCVEJ NQCFU VJCV CTG ITQWRGF KPVQ QPG
VTCPUCEVKQP
D[VGUHQTOCV
6JKU EQNWOP EQPVCKPU VJG PWODGT QH D[VGU TGSWKTGF VQ UVQTG VJG FCVC XCTKCDNG KP VJG
VTCPUCEVKQP QT DCVEJ TGEQTF CPF VJG HQTOCV QH VJG FCVC RTKPVGF QP C 7UGT &GHKPGF
6TCPUCEVKQP6KEMGV0QVGVJCVCNRJCPWOGTKEFCVCUWEJCUVJG4GEKRGPCOGCPF2TQORV
KUUVQTGFKPCUVCPFCTF#5%++UVTKPIYKVJQWV07..VGTOKPCVQT D[VG 0WOGTKEFCVC
KUUVQTGFKPRCEMGFDKPCT[ VYQFGEKOCNFKIKVURGTD[VG (KZGFHQTOCVEJCTCEVGTUUWEJ
CU FGEKOCN RQKPVU CPF FCVGVKOG HKGNF UGRCTCVQTU CTG PQV UVQTGF DWV CTG OCKPVCKPGF
KPVGTPCNN[D[VJG&CP.QCF 5GXGTCNFCVCXCNWGUCTGUVQTGFCPFECPDGRTKPVGFKP
ITQWRUVJCVCTGFGRGPFGPVQPVJGPWODGTQHHNQYOGVGTUQTPWODGTQHEQORQPGPVUFGHKPGF
D[VJGU[UVGOUGVWR'ZCORNGUCTG
6TCPUCEVKQP5VQTCIG%QFG5VCTV)TQUURTQITCOEQFG
(QWTD[VGUKPRTKPVCDNGHQTOCVPPPPPPPPVKOGUVJGPWODGTQHHNQYOGVGTUFGHKPGF'CEJ
HKGNFKURTKPVGFQPQPGNKPGYKVJQPGURCEGDGVYGGPGCEJHKGNF
PPPPPPPPPPPPPPPPPPPPPPPPGZCORNGUJQYUVJTGGHNQYOGVGTU
$CVEJ5VQTCIG%QFG%QORITQUURTQITCOEQFG
(QWTD[VGUGCEJKPRTKPVCDNGHQTOCVPPPPPPVKOGUVJGPWODGTQHEQORQPGPVUFGHKPGF
'CEJHKGNFKURTKPVGFQPQPGNKPGYKVJQPGURCEGDGVYGGPGCEJHKGNF
PPPPPPPPPPPPPPPPPPGZCORNGUJQYUVJTGGEQORQPGPVU
4GHGTGPEG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
4GNCVKQP$GVYGGP$CVEJ5VQTCIGCPF6TCPUCEVKQP5VQTCIG8CTKCDNGU
6JTGGDCVEJUVQTCIGEQFGUCPFVTCPUCEVKQPUVQTCIGEQFGUTGHGTGPEGKFGPVKECNFCVCCUKPFKECVGFKP
VJGHQNNQYKPIVCDNG
#UVQTCIGXCTKCDNGECPQPN[DGFGHKPGFQPGVKOGKPCDCVEJUVQTCIGTGEQTFQTCVTCPUCEVKQPUVQTCIG
TGEQTF+PCFFKVKQPCP[QPGXCTKCDNGECPQPN[DGCUUKIPGFQPGUGVQHRTKPVEQQTFKPCVGUHQTCWUGT
FGHKPGF6TCPUCEVKQP6KEMGV6JGTGHQTGCNNDCVEJCPFVTCPUCEVKQPXCTKCDNGUYKVJVJGGZEGRVKQP
QHVJGVJTGGXCTKCDNGUNKUVGFCDQXGECPQPN[CRRGCTQPEGQPC6TCPUCEVKQP6KEMGV
4GNCVKQP$GVYGGP8CTKQWU$CVEJ5VQTCIG%QFGU
$CVEJUVQTCIGEQFGUCTGTGNCVGFVQQVJGTDCVEJUVQTCIGEQFGUKPVJGHQNNQYKPIOCPPGT
3UHV $YHUDJH RI %6& &RPS SUHV IRU DOO GHILQHG FRPSRQHQWV LQ WKH
EDWFK
'HQV $YHUDJH RI %6& &RPS GHQ IRU DOO GHILQHG FRPSRQHQWV LQ WKH
EDWFK
*URVV 6XP RI %6& &RPS JURVV IRU DOO GHILQHG FRPSRQHQWV LQ WKH EDWFK
6WG 6XP RI %6& &RPS VWG IRU DOO GHILQHG FRPSRQHQWV LQ WKH EDWFK
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
4GNCVKQP$GVYGGP6TCPUCEVKQP5VQTCIG%QFGU$CVEJ5VQTCIG%QFGU2TQITCO
%QFGU
6TCPUCEVKQPUVQTCIGEQFGUCTGTGNCVGFVQQVJGTVTCPUCEVKQPUVQTCIGEQFGUCPFDCVEJUVQTCIGEQFGU
KPVJGHQNNQYKPIOCPPGT
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGHQNNQYKPIVCDNGFGUETKDGUVJGTGNCVKQPUJKRDGVYGGPVJGSWCPVKV[VQVCNCEEQWPVKPIHQTDCVEJGU
CPFVTCPUCEVKQPU
$CVEJCPF6TCPUCEVKQP3WCPVKV[6QVCNU#EEQWPVKPI
$CVEJCPFVTCPUCEVKQPSWCPVKV[CEEWOWNCVKQPUCTGHQTFGNKXGTKGUQHQPGTGEKRGYJKEJKUUKPING
EQORQPGPVSWCPVKV[YKVJQWVCFFKVKXGUUKPINGEQORQPGPVSWCPVKV[YKVJCFFKVKXGUDNGPFSWCPVKV[
YKVJQWVCFFKVKXGUQTDNGPFSWCPVKV[YKVJCFFKVKXGU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QORQPGPVUCTGRGTOCPGPVN[CUUKIPGFVQHNQYOGVGTUD[RTQITCOEQFGUCPF
6JGEQORQPGPVCUUKIPOGPVKPVJGVCDNGCDQXGKUCPGZCORNGQPN[6JGGZCORNGUJQYUVJCV
CP[EQORQPGPVECPDGCUUKIPGFVQ CP[ HNQY OGVGT6JGVCDNGUJQYUVJCVDCVEJSWCPVKVKGUCTG
CEEWOWNCVGF RGT EQORQPGPV CPF VJG UWO QH CNN EQORQPGPV SWCPVKV[ CEEWOWNCVKQPU KU CFFGF VQ
QDVCKPVJGVQVCNDCVEJSWCPVKV[CEEWOWNCVKQPU $5%)TQUUCPF$5%5VF 6JGVCDNGCNUQUJQYU
VJCV VTCPUCEVKQP SWCPVKVKGU CTG CEEWOWNCVGF RGT HNQY OGVGT CPF VJG UWO QH CNN HNQY OGVGT
CEEWOWNCVKQPUKUCFFGFVQQDVCKPVJGVQVCNVTCPUCEVKQPSWCPVKV[CEEWOWNCVKQPU 65%)TQUUCPF
65%5VF 6JGOGVJQFQHSWCPVKV[CEEWOWNCVKQPCNNQYUCEEGUUVQDQVJEQORQPGPVSWCPVKVKGU
HQTDCVEJGUCPFHNQYOGVGTSWCPVKVKGUHQTVTCPUCEVKQPUHQTWUGTFGHKPGF6TCPUCEVKQP6KEMGVUCPF
VGTOKPCNCWVQOCVKQPU[UVGOU+VKUQDXKQWUVJCVVJGQPN[SWCPVKV[CEEQWPVKPIFGXKEGKPCP[VCPMGT
XGJKENG NQCFKPI KPUVCNNCVKQP KU VJG HNQY OGVGT 6JG SWCPVKV[ CEEQWPVKPI RGT EQORQPGPV KU
RGTHQTOGFD[VJG&CP.QCFEQPVTQNRTQITCO
#UGZRNCKPGFNCVGTKPVJG6TCPUCEVKQP6KEMGV%QPHKIWTCVKQPUGEVKQPVJGEQORQPGPVVQHNQYOGVGT
CUUKIPOGPVUFGVGTOKPGVJGRTKPVHQTOCVHQTOWNVKRNGEQORQPGPVU=DCVEJFCVC $5%
?CPFHNQYOGVGTU=VTCPUCEVKQPFCVC 65% ?6JGTGHQTGKHVJG
NKUVKPIQTFGTQHOWNVKRNGDCVEJSWCPVKV[VQVCNUOWUVOCVEJVJGNKUVKPIQTFGTQHVTCPUCEVKQPVQVCNU
QXGTCNNU[UVGOFGUKIPCPFUGVWRECPDGKORQTVCPVHQTWUGTFGHKPGF6TCPUCEVKQP6KEMGVU
6TCPUCEVKQP6KEMGV%QPHKIWTCVKQP1XGTXKGY
5GNGEVGFVTCPUCEVKQPDCVEJFCVCECPDGRTKPVGFQPCRTGRTKPVGFHQTO6JGHQTOECPDGWUGFCU
CNQCFKPIVKEMGVQTVTCPUCEVKQPTGRQTV6JKUUGEVKQPEQPVCKPUKPHQTOCVKQPQPEQPHKIWTCVKQPQHCWUGT
FGHKPGFVTCPUCEVKQPVKEMGV#PGZCORNGVTCPUCEVKQPVKEMGV(KIWTGKUWUGFVQKNNWUVTCVGVJG
GZCORNG6JGDQNFVGZVUKIPKHKGUVJGRTGRTKPVGFRCTVQHVJGHQTO6JGTGIWNCTVGZVUKIPKHKGUVJG
FCVCXCTKCDNGUQDVCKPGFHTQOVTCPUCEVKQPUVQTCIGEQFGUQTDCVEJUVQTCIGEQFGU
7UGTEQPHKIWTCDNGVTCPUCEVKQPVKEMGVUECPDGRTKPVGFQPRGTUQPCNEQORWVGTUV[NGFCVCRTKPVGTU1T
VJGVKEMGVUECPDGVTCPUOKVVGFVQCPFCTEJKXGFKPCRGTUQPCNEQORWVGTQTUKOKNCTRTQEGUUKPI
FGXKEG7UGTEQPHKIWTCDNGVTCPUCEVKQPVKEMGVUCTGEQORNGVGN[KPFGRGPFGPVHTQOVJGUVCPFCTFHQTOCV
$CVEJ5WOOCTKGUCPF6TCPUCEVKQP5WOOCTKGU6JGTGHQTGWUGTFGHKPCDNGVTCPUCEVKQPVKEMGVUECP
DGRTKPVGFTGICTFNGUUQHVJGRTKPVUVCVWUQH$CVEJ5WOOCTKGUCPF6TCPUCEVKQP5WOOCTKGU&CVC
.QIIKPI5GEVKQPEQPVCKPUKPHQTOCVKQPQP$CVEJ5WOOCTKGUCPF6TCPUCEVKQP5WOOCTKGU
6JGTGCUQPHQTVJGWUGTFGHKPGFVTCPUCEVKQPVKEMGVUECRCDKNKV[KUVQRGTOKVDCVEJCPFVTCPUCEVKQP
NQCFKPIFCVCVQDGRTKPVGFQPCRTGRTKPVGFNQCFKPIVKEMGV VTCPUCEVKQP$KNNQH.CFKPI 6JGRTQEGUU
QH FGHKPKPI VJG HQTOCV QH VJG RTKPVGF VTCPUCEVKQP VKEMGV KU GCU[ *QYGXGT UQOG RNCPPKPI KU
TGSWKTGFVQKPUWTGVJCVVJGVKEMGVNC[QWVKUCUFGUKTGFCPFVJCVVJGVKEMGVEQPVCKPUVJGTGSWKTGFFCVC
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6TCPUCEVKQP6KEMGV.C[QWV2NCPPKPI
#NVJQWIJRTKPVKPIWUGTFGHKPGFFCVCQPCPGZKUVKPIRTGRTKPVGFVKEMGVHQTOKUEGTVCKPN[RQUUKDNG
KVKUWUWCNN[GCUKGTVQRNCPVJGNC[QWVQHVJGTGSWKTGFRTKPVGFFCVCHTQOVJG&CP.QCFCPFVJGP
FGUKIPVJGRTGRTKPVGFHQTOVQHKVVJGRTKPVGFFCVCHQTOCV6JGFCVCHTQOVJG&CP.QCFKU
QDVCKPGFHTQOVTCPUCEVKQPUVQTCIGEQFGU 65% VJCVJCXGDGGPFGHKPGFHQTVJGVTCPUCEVKQPUVQTCIG
TGEQTFCPFDCVEJUVQTCIGEQFGU $5% VJCVJCXGDGGPFGHKPGFHQTVJGDCVEJUVQTCIGTGEQTF#
YQTFRTQEGUUQTRTQITCOHQTCRGTUQPCNEQORWVGTECPIGPGTCVGCPGZCORNGHQTOUKOKNCTVQVJG
GZCORNG6TCPUCEVKQP6KEMGV(KIWTG1VJGTYKUGVJGHQTOECPDGFGUKIPGFYKVJRCRGTCPF
RGPEKN 4GOGODGT VJCV OWNVKRNG DCVEJ FCVC KP QPG VTCPUCEVKQP RTKPVU QP EQPUGEWVKXG NKPGU
3WCPVKV[ FCVC HTQO VTCPUCEVKQP UVQTCIG EQFGU RTKPVU XCTKCDNG NGPIVJ NKPGU
FGRGPFGPVQPVJGPWODGTQHHNQYOGVGTUFGHKPGF#PFFCVCHTQODCVEJUVQTCIGEQFGU
RTKPVUXCTKCDNGNGPIVJNKPGUFGRGPFGPVQPVJGPWODGTQHEQORQPGPVUFGHKPGF
6JG&CP.QCFQWVRWVUUVCPFCTF#5%++EJCTCEVGTUVQVJGRTKPVGT6JGRTKPVGTFGVGTOKPGUVJG
CRRGCTCPEG HQPV QHVJGRTKPVGFFCVC8KTVWCNN[CNNRGTUQPCNEQORWVGTUV[NGRTKPVGTUFGHCWNVVQ
%QWTKGTHQPV6JGUGEJCTCEVGTUCTGRTKPVGFERK EJCTCEVGTURGTKPEJ CPFNKPGURGTKPEJ
/QUVRTKPVGTUCNNQYOCPWCNUGNGEVKQPQH%QWTKGTHQPVYJKEJRTKPVUEJCTCEVGTUCVERKCPF
NKPGURGTKPEJ(QPVUUOCNNGTVJCP%QWTKGTCTGWUWCNN[PQVUWKVCDNGHQTVJKUV[RGQHTGRQTV
#HVGTVJGTGSWKTGFFCVCHQTVJG6TCPUCEVKQP6KEMGVJCUDGGPUGNGEVGFHTQOVJGVTCPUCEVKQPUVQTCIG
HKNGCPFVJGDCVEJUVQTCIGHKNGVJGRTKPVEQQTFKPCVGUUJQWNFDGFGHKPGFCPFCVGUVRTKPVQWVIGPGTCVGF
QPDNCPMRCRGT4GXKGYVJGVGUVRTKPVQWV%JGEMHQTURCEGHQTVJGRTGRTKPVGFCTGCUQHVJGHQTO
%JGEMHQTCENGCTCTGCQHCRRTQZKOCVGN[KPEJ EO CNQPIVJGNGHVOCTIKPVQCNNQYHQTJQNGU
CPFUVQTCIGKPCTKPIDKPFGT#FLWUVVJGRTKPVEQQTFKPCVGUQHFCVCKVGOUCUTGSWKTGFUQVJCVVJGFCVC
CPFURCEKPICRRGCTUEQTTGEVQPVJGRCRGT#HVGTCFLWUVOGPVUJCXGDGGPOCFGOCPWCNN[GPVGTVJG
FCVCVQDGRTGRTKPVGFYKVJCEQNQTRGP;QWOC[PGGFVQEQPUWNVYKVJCRTKPVUJQRCVVJKUVKOG
VQFGVGTOKPGKHVJGURCEGCNNQVVGFHQTVJGRTGRTKPVGFCTGCQHVJGHQTOKUUWHHKEKGPVHQTVJGFGUKTGF
RTGRTKPVGFVGZV
6JGHQTOCVQHC6TCPUCEVKQP6KEMGVKUXGT[HNGZKDNG*QYGXGTVJGHQNNQYKPITWNGUCTGCRRNKECDNG
VQHQTOCVFGUKIP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6TCPUCEVKQPUVQTCIGEQFGUCUUKIPSWCPVKV[FCVCUVQTCIGURCEGKPOGOQT[
HQTHNQYOGVGTSWCPVKVKGUKPVJGHQNNQYKPIHQTOCV
/GVGTAASWCPVKV[/GVGTAASWCPVKV[/GVGTAASWCPVKV[/GVGTAASWCPVKV[
6JGSWCPVKV[XCNWGUHQTGCEJEQPHKIWTGFHNQYOGVGTCTGUVQTGFKPUGSWGPEGCPFYKNNDG
RTKPVGFKPVJKUUGSWGPEGKHCP[QHVJGUGHQWTVTCPUCEVKQPUVQTCIGEQFGUKUCUUKIPGFRTKPV
EQQTFKPCVGUQPVJG6TCPUCEVKQP6KEMGV6JGXCNWGUCTGTKIJVLWUVKHKGFYKVJNGCFKPI\GTQU
UWRRTGUUGF#OKPKOWOQHQPGJQTK\QPVCNURCEGKUQRGPDGVYGGPGCEJCEEWOWNCVQTXCNWG
FGRGPFGPVQPVJGPWODGTQHFKIKVUKPVJGXCNWG
$CVEJUVQTCIGEQFGUCUUKIPSWCPVKV[VGORGTCVWTGRTGUUWTG
FGPUKV[ CPF SWCPVKV[ RGTEGPVCIG FCVC UVQTCIG URCEG KP OGOQT[ HQT EQORQPGPVU KP VJG
HQNNQYKPIHQTOCV
%QORQPGPVAAXCNWG%QORQPGPVAAXCNWG%QORQPGPVAAXCNWG%QORQPGPVAAXCNWG
6JGXCNWGUHQTGCEJEQPHKIWTGFEQORQPGPVCPFXCTKCDNGV[RGCTGUVQTGFKPUGSWGPEGCPF
YKNNDGRTKPVGFKPVJKUUGSWGPEGKHCP[QHVJGUGHQWTVTCPUCEVKQPUVQTCIGEQFGUKUCUUKIPGF
RTKPVEQQTFKPCVGUQPVJG6TCPUCEVKQP6KEMGV6JGXCNWGUCTGTKIJVLWUVKHKGFYKVJNGCFKPI
\GTQUUWRRTGUUGF#OKPKOWOQHQPGJQTK\QPVCNURCEGKUQRGPDGVYGGPGCEJCEEWOWNCVQT
XCNWGFGRGPFGPVQPVJGPWODGTQHFKIKVUKPVJGXCNWG
&WTKPIRNCPPKPIQHVJG6TCPUCEVKQP6KEMGVYGPGGFVQMPQYCHGYVJKPIUCDQWVVJGEQPHKIWTCVKQP
QHVJG&CP.QCFKPQTFGTVQFGUKIPC6TCPUCEVKQP6KEMGVRTQRGTN[6JGHQNNQYKPIRTQITCO
EQFGUJCXGGKVJGTFKTGEVQTKPFKTGEVGHHGEVQPVJGFCVCECPDGRTKPVGFQPVJG6TCPUCEVKQP6KEMGV
2TQITCOEQFG1RGTCVKPIOQFG
&GHKPGUVJGQRGTCVKPIOQFGHQTVJG&CP.QCF6JGQRGTCVKPIOQFGFGVGTOKPGUJQY
VTCPUCEVKQPCPFDCVEJTGEQTFUCTGCTEJKXGFKPVJGKTTGURGEVKXGHKNGU=1RGTCVKPIOQFGKU
CEEGUUKDNGD[65%CPF$5%?
2TQITCOEQFGVJTQWIJ2TQORVHQTFCVCKVGOZ
6JG CEVWCN VGZV GPVTKGU HQT RTQORVU ECP DG RTKPVGF 6JG GKIJVFKIKV QRGTCVQT GPVTKGU KP
TGURQPUGVQVJGUGRTQORVUECPCNUQDGRTKPVGF=2TQORVVGUVKUCEEGUUKDNGD[65%VQ?
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQITCOEQFG&CVGHQTOCVCPF&CVGUGRCTCVQT
&GVGTOKPGVJGHQTOCVHQTRTKPVKPIVJGFCVG=&CVGKUCEEGUUKDNGD[65%CPF65%?
2TQITCOEQFG$CVEJGUVTCPUCEVKQP
.KOKVUVJGPWODGTQHDCVEJGUKPGCEJVTCPUCEVKQP=+ORQTVCPVHQTWUGTFGHKPGFVTCPUCEVKQP
VKEMGVU?
2TQITCOEQFG/GVGT
6JG EQORQPGPV VQ HNQY OGVGT CUUKIPOGPVU FGVGTOKPG VJG QTFGT HQT RTKPVKPI EQORQPGPV
XCNWGU SWCPVKVKGU HQTVTCPUCEVKQPUVQTCIGEQFGU
2TQITCOEQFG2TGUGVFGNKXGT[V[RG
&GVGTOKPGUVJGITQUUQTUVCPFCTFGPIKPGGTKPIWPKVUHQT$5%2TGUGVSWCPVKV[
2TQITCOEQFGITQWRVJTQWIJ#FFKVKXGKPLGEVKQP
&GVGTOKPG VJG OCZKOWO PWODGT QH CFFKVKXG XCNWGU 8QNWOGU VJCV ECP DG RTKPVGF
=5GG65%VQCPF$5%VQ?
2TQITCOEQFGITQWRVJTQWIJ#NCTOU
&GVGTOKPGVJGRTKOCT[CNCTOCUUKIPOGPVUVJCVCTGCXCKNCDNGHQTRTKPVKPI1PN[RTKOCT[
V[RGCNCTOUECPDGRTKPVGF=5GG65%?
2TQITCOEQFG#WVQOCPWCNEJCPIGQXGT
&GVGTOKPGUOQFGQHQRGTCVKQPYJKEJGHHGEVUVJGVTCPUCEVKQPCPFDCVEJUVQTCIGFCVCHKNGU
2TQITCOEQFG2TKOCT[CNCTOTGUGV
&GVGTOKPGUYJGPRTKOCT[CNCTOUCTGTGUGVD[CPGZVGTPCNKPRWV
2TQITCOEQFGITQWRVJTQWIJ#FFKVKXGKPLGEVKQP
&GVGTOKPGUJQYCFFKVKXGKPLGEVKQPXQNWOGUCTGCEEWOWNCVGF=5GG65%VQCPF$5%
VQ?
2TQITCOEQFGITQWRVJTQWIJ6GORGTCVWTG2TGUUWTG&GPUKV[
5GVUVJGRTQEGUUXCTKCDNGGPIKPGGTKPIWPKVUHQTVGORGTCVWTGRTGUUWTGCPFFGPUKV[+HCP[
QH VJGUG XCNWGU CTG RTKPVGF VJG RTGRTKPVGF GPIKPGGTKPI WPKVU NCDGNU OWUV OCVEJ VJG
KPVGTPCNN[WUGFGPIKPGGTKPIWPKVU=5GG65%?
2TQITCOEQFGITQWRVJTQWIJ4GEKRGU
&GHKPGU VJG TGEKRG PCOGU CPF CUUQEKCVGU VJGUG PCOGU YKVJ KPVGTPCNN[ OCKPVCKPGF TGEKRG
PWODGTU$QVJTGEKRGPCOGUCPFQTTGEKRGPWODGTUECPDGRTKPVGF=5GG65%CPF?
2TQITCOEQFGITQWRVJTQWIJ&CVC%QOOWPKECVKQPU2CTCOGVGTU
&GHKPGUVJGUGTKCNFCVCRQTVRCTCOGVGTUHQTKPVGTHCEGVQCUGTKCNKPRWVRTKPVGTQTQVJGTFCVC
CESWKUKVKQPFGXKEG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQITCOEQFG$CVEJUWOOCT[
&GHKPGURTKPVGTKPVGTHCEGHQTVJG56#0&RTGHQTOCVVGFDCVEJUWOOCT[TGRQTV6JKU
TGRQTVKUFKHHGTGPVHTQOVJGDCVEJFCVCRTKPVGFCWUGTFGHKPGF6TCPUCEVKQP6KEMGV
2TQITCOEQFG6TCPUCEVKQPUWOOCT[
&GHKPGURTKPVGTKPVGTHCEGHQTVJG56#0&RTGHQTOCVVGFVTCPUCEVKQPUWOOCT[TGRQTV
6JKUTGRQTVKUFKHHGTGPVHTQOVJGVTCPUCEVKQPFCVCRTKPVGFKPVJGWUGTFGHKPGF6TCPUCEVKQP
6KEMGV
2TQITCOEQFG6TCPUCEVKQPVKEMGV
&GHKPGURTKPVGTKPVGTHCEGHQTVJGWUGTFGHKPGF6TCPUCEVKQP6KEMGVFGUETKDGFKPVJKUUGEVKQP
2TQITCOEQFG6TCPUCEVKQPVKEMGVTGRTKPV
&GHKPGURTKPVGTKPVGTHCEGHQTTGRTKPVKPI6TCPUCEVKQP6KEMGVUOCPWCNN[HTQOVJG4GRTKPV
VTCPUCEVKQPFKURNC[KP2TQITCO/QFG
2TQITCOEQFG5GSWGPEGPWODGTU
'PCDNGURTKPVKPIQHHQTOUGSWGPEGPWODGTU VQ WPKSWGHQTGCEJRTKPVGT6JKU
HGCVWTGCNNQYUQTICPK\CVKQPCPFCWFKVVTCEMKPIQHCNNHQTOURTKPVGFQPCNNRTKPVGTU
2TQITCOEQFGITQWRVJTQWIJVJTQWIJ
%QPVTQNCPFFGHKPGUVQTCIGQHVTCPUCEVKQPUVQTCIGXCTKCDNGUCPFDCVEJUVQTCIGXCTKCDNGUKP
VJGVTCPUCEVKQPCPFDCVEJHKNGU'CEJXCTKCDNGOWUVDGUVQTGFKPKVUTGURGEVKXGHKNGVQGPCDNG
CEEGUUVQVJGXCTKCDNGHQTRTKPVKPIKPVJG6TCPUCEVKQP6KEMGV
2TQITCOEQFGITQWRVJTQWIJVJTQWIJ
&GHKPGVJGTQYCPFEQNWOPEQQTFKPCVGUHQTGCEJVTCPUCEVKQPCPFQTDCVEJXCTKCDNGQP
VJGRTKPVGF6TCPUCEVKQP6KEMGV
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#NCTO$KV/CR
6JGCNCTODKVOCRKUPQTOCNN[PQVRTKPVGFQPVTCPUCEVKQPVKEMGVU*QYGXGTEQORCTKUQPQHCNCTO
CEVKXKV[HQTUGXGTCNNQCFKPIQRGTCVKQPUECPDGCWUGHWNFKCIPQUVKEVQQN
(QT VJG HQNNQYKPI FGUETKRVKQP YG RTGUWRRQUG VJCV VJG TGCFGT FQGU PQV JCXG RTQITCOOKPI
GZRGTKGPEGDWVFQGUJCXGUQOGMPQYNGFIGQHPWODGTDCUGU[UVGOU6JGEQOOQPDCUGPWODGT
U[UVGOWUGUFKIKVUVJTQWIJVQKPFKECVGVJGXCNWGQHGCEJFKIKVRQUKVKQP6JGRQUKVKQPFGEKOCN
YGKIJVKPETGCUGUD[RQYGTQHHQTGCEJRQUKVKQPEJCPIGKPVJGNGHVYCTFFKTGEVKQPHTQOVJG
FGEKOCNRQKPV6JG&CP.QCFNKMGCNNFKIKVCNEQORWVGTUWUGUVJGDCUGPWODGTU[UVGO
YJKEJ WUGU FKIKVU CPF VQ KPFKECVG VJG XCNWG QH GCEJ RQUKVKQP 6JG RQUKVKQP DKPCT[ YGKIJV
KPETGCUGUD[RQYGTQHHQTGCEJRQUKVKQPEJCPIGKPVJGNGHVYCTFFKTGEVKQPHTQOVJGDKPCT[RQKPV
#VJKTFPWODGTDCUGU[UVGOVJGDCUG JGZCFGEKOCN PWODGTU[UVGOKUWUGFUQNGN[VQOCMG
VJGDKPCT[ DCUG PWODGTU[UVGOOQTGTGCFCDNGCPFOCPCIGCDNGHQTRGQRNG6JGJGZCFGEKOCN
PWODGTU[UVGOWUGUFKIKVUVQCDEFGH6JGCVJTQWIJHFKIKVUCTGU[ODQNUVJCVCTG
RNCEGJQNFGTUHQTFGEKOCNFKIKVUVJTQWIJ6JGU[ODQNUUGTXGQPN[CUUKPINGEJCTCEVGTRNCEG
JQNFGTUVQTGRTGUGPVRQUUKDNGPWODGTUKPVJGPWODGTU[UVGO6JGDKVOCRCUVJGPCOGKORNKGUKU
DKPCT[DCUGF'CEJDKVUVCPFUHQTQPGWPKSWGCNCTO'CEJDKVECPDG PQCNCTOQEEWTTGF QT
CNCTOQEEWTTGF 6JGDKVOCRKUVTCPUOKVVGFCPFTGCFCUJGZCFGEKOCNHQTGCUGQHWUGD[RGQRNG
6JGTGNCVKQPDGVYGGPKPVGTPCNUVQTCIGQHVJGDKVOCRCPFTGRTGUGPVCVKQPKURTGUGPVGFDGNQY
$KV/CR4GRTGUGPVCVKQP &GUETKRVKQP
0000000000 bytes ten 8-bit bytes (two
<through > hexadecimal digits per
ffffffffffffffffffff hex digits byte)
00000000000000000000 twenty 4-bit
<through > hexadecimal digits
ffffffffffffffffffff
0 <through > f each 4-bit digit
(nybble)
8 4 2 1 the bit weight
(hexadecimal) for
each 4-bit nybble
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVG 6JG DKV KU UGV 647' KH VJG EQTTGURQPFKPI CNCTO QEEWTU FWTKPI VJG VTCPUCEVKQP 6JG
EQODKPCVKQPQH647'CNCTOUFGVGTOKPGUVJGEJCTCEVGTRTKPVGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JG CNCTO DKVOCR KU FGUETKDGF QP VJG HQNNQYKPI RCIGU 6JG #NCTO $KV/CR HQT 2QUKVKQP
VCDNG KPFKECVGU VJG EJCTCEVGT RQUKVKQP CPF VJG DKV YGKIJV YKVJKP GCEJ
EJCTCEVGTVJCVKUUGV647'YJGPVJGCNCTOYCUCEVKXGFWTKPIVJGVTCPUCEVKQP6JGCNCTODKVOCR
KUUVQTGFD[CUUKIPOGPVQH65%CUD[VGUYKVJVYQFKIKVUKPGCEJD[VG'CEJEJCTCEVGT
RQUKVKQPEQPVCKPUKPFKECVQTU DKVU HQTCNCTOU5KPEGGCEJCNCTOKUKPFGRGPFGPVHTQOQVJGT
CNCTOUVJGQEEWTTGPEGQHPQCNCTOQTCP[EQODKPCVKQPQHHTQOVQCNCTOUCUUKIPGFVQGCEJ
EJCTCEVGTRQUKVKQPYKNNFGVGTOKPGYJCVEJCTCEVGTKURTKPVGFKPGCEJRQUKVKQPQHVJGDKVOCR6JG
EJCTCEVGTUVJCVECPDGRTKPVGFKPGCEJEJCTCEVGTRQUKVKQPCTGVJTQWIJCDEFGH6JKU
KUVJGJGZCFGEKOCNPWODGTKPIU[UVGO6JGDKVOCRKUTGCFHTQOTKIJVVQNGHVHQTDQVJEJCTCEVGT
RQUKVKQPCPFDKVRQUKVKQP
Example: 2 1
09876543210987654321 < bitmap character position number
8421 < bit weights any character position
(example for character position 12)
4GCFVJGRTKPVGFDKVOCRYKVJVJGCKFQHVJGHQNNQYKPIVCDNGU
#P[PQP\GTQEJCTCEVGTRTKPVGFKPFKECVGUVJCVCPCNCTOQEEWTTGFFWTKPIVJGVTCPUCEVKQP
&GVGTOKPGVJGEJCTCEVGTRQUKVKQPVJGTKIJVYCTFEJCTCEVGTKUVJGNGHVYCTFEJCTCEVGTKU
(KPF VJG EQTTGURQPFKPI %JCTCEVGT 2QUKVKQP KP VJG #NCTO $KV/CR HQT 2QUKVKQPU
VCDNGDGNQY
7UGVJG$KV/CR%JCTCEVGT$KV9GKIJV6TCPUNCVKQPVCDNGVQFGVGTOKPGYJKEJDKVUYGTGUGV
647'
+HVJGRTKPVGFEJCTCEVGTKUQTVJGPQPN[QPGCNCTOKPVJCVEJCTCEVGT
RQUKVKQPITQWRYCUUGV647'
+HVJGRTKPVGFEJCTCEVGTKUCQTEVJGPVYQQHVJGCNCTOUKPVJCV
EJCTCEVGTRQUKVKQPITQWRYGTGUGV647'
+HVJGRTKPVGFEJCTCEVGTKUDFQTGVJGPVJTGGQHVJGCNCTOUKPVJCVEJCTCEVGT
RQUKVKQPITQWRYGTGUGV647'
+HVJGRTKPVGFEJCTCEVGTKUHVJGPCNNHQWTQHVJGCNCTOUCUUKIPGFVQVJCVEJCTCEVGT
RQUKVKQPYGTGUGV647'
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVG 6JG$KV/CRTGRTGUGPVCVKQPKPVJGVKVNGNKPGUJQYUVJGEJCTCEVGTRQUKVKQPUQPVJKURCIGCU
JJJJJJ6JG UKPVJG$KV/CRECPDGCP[XCNKFEJCTCEVGTCPFCTGFGUETKDGFQPQVJGT
RCIGUQHVJGVCDNG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$GGLWLYH IDLOXUH
$GGLWLYH IDLOXUH
$GGLWLYH IDLOXUH
$GGLWLYH IDLOXUH
$GGLWLYH IDLOXUH
0QVG 6JG$KV/CRTGRTGUGPVCVKQPKPVJGVKVNGNKPGUJQYUVJGEJCTCEVGTRQUKVKQPUQPVJKURCIGCU
JJJJJJ6JG UKPVJG$KV/CRECPDGCP[XCNKFEJCTCEVGTCPFCTGFGUETKDGFQPQVJGT
RCIGUQHVJGVCDNG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
&LUFXLW DODUP
3RZHU IDLOXUH
0QVG 6JG$KV/CRTGRTGUGPVCVKQPKPVJGVKVNGNKPGUJQYUVJGEJCTCEVGTRQUKVKQPUQPVJKURCIGCU
JJJJ6JG UKPVJG$KV/CRECPDGCP[XCNKFEJCTCEVGTCPFCTGFGUETKDGFQPQVJGTRCIGU
QHVJGVCDNG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
6TCPUCEVKQP4GEQTF6KEMGV9QTMUJGGV
7PKVAAAAAAA 6KEMGV 4GEQTF
&CVGAAAAAAA 2%VQ 2%VQ
6TCPUCEVKQP
2IO%QFG .GPIVJ 2IO%QFG
5VQTCIG%QFG
4QY %QNWOP 4QY%QN D[VGU 1HHUGV 1HHUGV
$CVEJ4GEQTF6KEMGV9QTMUJGGV
7PKVAAAAAAA 6KEMGV 4GEQTF
&CVGAAAAAAA 2%VQ 2%VQ
$CVEJ
2IO%QFG .GPIVJ 2IO%QFG
5VQTCIG%QFG
4QY %QNWOP 4QY%QN D[VGU 1HHUGV 1HHUGV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%QORQPGPV5K\G+PRWVU
+PVJGOCPWCNQRGTCVKPIOQFGVJGCWVJQTK\GF=DCVEJ?SWCPVKV[ECPDGFGVGTOKPGFCWVQOCVKECNN[
DCUGF QP VJG UVCVG QH WR VQ HQWT FKUETGVG KPRWVU GCEJ QPG EQTTGURQPFKPI VQ C RQUUKDNG VCPM QT
EQORCTVOGPVUK\GMPQYPCUEQORCTVOGPVUK\GKPRWVU9KVJEQORCTVOGPVUK\GKPRWVUEQPHKIWTGF
RTQITCOEQFG KVKUQHVGPQPN[PGEGUUCT[HQTVJGQRGTCVQTVQUGNGEVVJGEQORCTVOGPVUK\GXKC
C OWNVKYC[ UGNGEVQT UYKVEJ CPF RTGUU VJG '06'4 CPF 56#46 MG[U QT GXGP LWUV VJG
56#46MG[ UGGUVCTVOGVJQFRTQITCOEQFG 6JGUCOGHWPEVKQPCNKV[ECPDGCEJKGXGF
SWKVG GCUKN[ KP VJG CWVQOCVKE QRGTCVKPI OQFG XKC CWVQOCVKQP U[UVGO RTQITCOOKPI CPF KU
UKORNKHKGFD[VJGHCEVVJCVVJGUVCVGUQHVJGUCHGV[EKTEWKVKPRWVUCTGKPENWFGFKPVJGTGURQPUGVQVJG
4GSWGUV5VCVWU J EQOOCPF4GHGTVQVJG&CP.QCF%QOO5RGE
+PQTFGTVQCWVJQTK\GCDCVEJQPGEQORCTVOGPVUK\GKPRWVKPFKECVKPIVJGCEVWCNEQORCTVOGPVUK\G
UJQWNFDGENQUGFRTKQTVQGPVGTKPICRTGUGVSWCPVKV[QTUKORN[RTGUUKPIVJG'06'4MG[+HVJG
'06'4 MG[ KU RTGUUGF YKVJQWV JCXKPI MG[GFKP C RTGUGV SWCPVKV[ VJG CWVJQTK\GF SWCPVKV[
GPVGTGFKUVJGEQORCTVOGPVUK\G+HCRTGUGVSWCPVKV[KUMG[GFKPRTKQTVQRTGUUKPIVJG'06'4
MG[VJGCWVJQTK\GFSWCPVKV[GPVGTGFKUVJGOKPKOWOQHVJGEQORCTVOGPVUK\GCPFVJGMG[GFKP
RTGUGVSWCPVKV[KG
0QVGVJGKHCP[EQPFKVKQPQPVJGWUGTGPVGTGFRTGUGVSWCPVKV[KHCRTGUGVSWCPVKV[KUPQVMG[GFKP
VJGEQORCTVOGPVUK\GEQTTGURQPFKPIVQVJGNQYGUVPWODGTGFEQORCTVOGPVUK\GKPRWVVJCVKUENQUGF
KUWUGF(QTVJKUTGCUQPEQORCTVOGPVUK\GUUJQWNFDGEQPHKIWTGF UGGTGEKRGRTQITCOEQFGU
VQ HTQOUOCNNGUVVQNCTIGUVKPCUEGPFKPIQTFGT+HPQPGQHVJGEQORCTVOGPVUK\GKPRWVU
KUENQUGFKVKUPQVRQUUKDNGVQCWVJQTK\GCDCVEJGXGPKHCRTGUGVSWCPVKV[KUMG[GFKPKGKVKU
PGEGUUCT[VQUGNGEVVJGEQORCTVOGPVUK\GGXGPKHCRTGUGVSWCPVKV[KUVQDGMG[GFKP
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+HEQORCTVOGPVUK\GKPRWVUCTGWUGFCFFKVKQPCNRTGCWVJQTK\CVKQPXGTKHKECVKQPQHVJGEQORCTVOGPV
UK\GRTGUGVSWCPVKV[ KPVJGOCPWCNQRGTCVKPIOQFG CPFXGTKHKECVKQPQHVJGNQCFGFSWCPVKV[YJKNG
CDCVEJKUKPRTQITGUU KPCP[QRGTCVKPIOQFG ECPDGGPCDNGFXKCVJGNGXGNKPRWV RTQITCOEQFG
CPFVJGJCVEJKPRWV RTQITCOEQFG 6JGRTQEGUUKPICUUQEKCVGFYKVJVJGNGXGNKPRWVYCU
FGXGNQRGF HQT C URGEKHKE WUGT CPF CU UWEJ OC[ PQV RTQXKFG CU OWEJ HNGZKDKNKV[ CU [QW YQWNF
PQTOCNN[GZRGEVHTQOVJG&CP.QCFECTGUJQWNFDGVCMGPVQWPFGTUVCPFVJGRTQEGUUKPIHWNN[
DGHQTGFGEKFKPIVQWUGVJKUECRCDKNKV[4GHGTVQVJGTGNGXCPVRTQITCOEQFGU CPFVJTW
HQTOQTGKPHQTOCVKQP
9CKVUHQTCP[DCVEJKURTQITGUUVQGPF 0QVG#&CP.QCFVTCPUCEVKQPOC[URCPVYQ
EWVQHHRGTKQFU
5CXGUVJGRTGXKQWUEWVQHHFCVCKGEWVQHHFCVGCPFVKOGRTGXKQWUEWVQHHFCVGCPFVKOG
OGVGTEQORQPGPVCPFTGEKRGITQUUCPFUVCPFCTFTWPPKPIVQVCNK\GTUCPFCFFKVKXGTWPPKPI
VQVCNK\GTU
5CXGUVJGPGYEWVQHHFCVC
6JGVQVCNK\GTCPFVJTWRWVFCVCNQIUECPDGTGRTKPVGF KHVJG[CTGGPCDNGFCPFVJG&CP.QCF
KUKPVJGOCPWCNQRGTCVKPIOQFG WUKPIVJG4GRTKPVEWVQHHQRVKQPKPVJGRTQITCOOQFGOGPW
$QVJFCVCNQIUUJQYVJGFCVGCPFVKOGCVYJKEJVJG[YGTGRTKPVGFCUYGNNCUVJGFCVGCPFVKOGQH
VJGEWVQHH6JG&CP.QCFECPTGRTKPVVJGVQVCNK\GTCPFVJTWRWVFCVCNQIUQPN[HQTVJGOQUV
TGEGPVN[EQORNGVGFEWVQHHKGKVFQGUPQVCTEJKXGEWVQHHFCVC
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GV%QPVTCUV$CEMNKIJVKPI
#EEGUUVQVJG5GV%QPVTCUV$CEMNKIJVKPIFKURNC[KUXKCVJG5GVEQPVTCUVDCEMNKIJVKPIUGNGEVKQPQH
VJG2TQITCO/QFG/GPW(KIWTG6JKUFKURNC[RTQXKFGUVJGOGVJQFVQEJCPIGVJGEWTTGPV
EQPVTCUVCPFDCEMNKIJVKPIUGVVKPIUHQTGKVJGTVJGNQECNQTTGOQVG.%&RCPGN
Set contrast/backlighting
SELECT display Primary
5GV%QPVTCUV$CEMNKIJVKPI&KURNC[
(KIWTG
+HQPN[VJGNQECNFKURNC[KURTGUGPVKVKURTGUGNGEVGFCPFKPFKECVGF7UGVJGCPFCTTQYMG[U
VQ CFLWUV VJG EQPVTCUV NGXGN # XCNWG QH KU OKPKOWO EQPVTCUV C XCNWG QH KU OCZKOWO
EQPVTCUV 7UG VJG #.6 CPF #.6 MG[U VQ CFLWUV VJG DCEMNKIJV NGXGN # XCNWG QH KU
DCEMNKIJVQHHCXCNWGQHKUOCZKOWODCEMNKIJVKPVGPUKV[
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QPHKIWTCVKQP
%#./10CPCN[UKUOGVJQF
(W\\[%CNKDTCVKQPOQPKVQTKPICPCN[UKUKPEQTRQTCVGFé(W\\[êNQIKEYKVJ
HQWTKPRWVUCPFQPGQWVRWV6JKUKUVJGTGEQOOGPFGFUGVVKPI
*GWTKUVKE#PCN[UKUQRGTCVKQPWUKPIC*GWTKUVKEOGVJQF
%#./10 TGUGV EQWPV VQ 6JG éVQVCN CPCN[UGUê éIQQF OGVGT
CPCN[UKUê CPF éDCF OGVGT CPCN[UGUê EQWPVGTU CTG \GTQGF GXGT[ %#./10 TGUGV
EQWPVêECNKDTCVKQPOQPKVQTKPICPCN[UGUFWTKPIOQPKVQTKPI#ECNKDTCVKQPHCKNWTG
CNCTOKUTCKUGFHQTVJGOGVGTKHVJGTGCTGPQIQQFOGVGTCPCN[UGUKP%#./10
TGUGVEQWPVECNKDTCVKQPOQPKVQTKPICPCN[UGUFWTKPIOQPKVQTKPI6JKUKUCNUQVJG
PWODGTQHCVVGORVUVQCWVQFGVGEVVJGPWODGTQHDNCFGU KHPGEGUUCT[ CPFCESWKTG
CECNKDTCVKQPUCORNGDGHQTGCECNKDTCVKQPHCKNWTGCNCTOKUTCKUGFHQTVJGOGVGTFWTKPI
ECNKDTCVKQP6JGFGHCWNVXCNWGKU
%CNKDHCKNCNCTOCEVKQP6JGECNKDTCVKQPHCKNWTGCNCTOCEVKQP6JGFGHCWNV
XCNWGKU2TKOCT[5GNGEVQPGQHVJGHQNNQYKPI
1HH6JGCNCTOKUFKUCDNGF
+PHQ
5GEQPFCT[
é2TKOCT[
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0WODGT QH DNCFGU VQ 6JG PWODGT QH OCIPGVKE
DNCFGU QTDWVVQPU QPVJGOGVGTHQTECNKDTCVKQPOQPKVQTKPIRWTRQUGUFKUCDNGU
ECNKDTCVKQP OQPKVQTKPI HQT VJG OGVGT #P[ QVJGT XCNWG GPCDNGF ECNKDTCVKQP
OQPKVQTKPIHQTVJGOGVGTKPFKECVGUVJCVVJGPWODGTQHDNCFGUUJQWNFDGCWVQ
FGVGEVGF D[ VJG /2/% RTKQT VQ CESWKTKPI C ECNKDTCVKQP UCORNG 6JG FGHCWNV
XCNWGKU\GTQKGECNKDTCVKQPOQPKVQTKPIFKUCDNGFHQTVJGOGVGT+PQTFGTVQWUGVJG
ECNKDTCVKQPOQPKVQTKPIHGCVWTGKVKUTGEQOOGPFGFVJCVVJKUXCNWGOWUVDGUGVVQ
KHVJGKPHQTOCVKQPQPPWODGTQHOCIPGVKEDNCFGUQTDWVVQPUKUPQVCXCKNCDNG
/CZ OCZ EJCT FGX VQ 6JG OCZKOWO
EJCTCEVGTKUVKEFGXKCVKQPEQORWVGFFWTKPICECNKDTCVKQPOQPKVQTKPICPCN[UKUCDQXG
YJKEJCDCFOGVGTTGUWNVOC[DGKPFKECVGFKGVJGDCFOGVGTEQWPVGTOC[DG
KPETGOGPVGF6JGFGHCWNVXCNWGQHFGVGEVUCDNCFGDGPVEQTTGURQPFKPIVQ
CPCXGTCIG-HCEVQTEJCPIGQH
%CNKDTCVKQPUCORNG6JGEWTTGPVECNKDTCVKQPUCORNGUVCVWU
6JKURTQITCOEQFGECPDGWUGFVQHQTEGCESWKUKVKQPQHCPGYECNKDTCVKQPUCORNG
6JGFGHCWNVXCNWGKU0QVCESWKTGFKGECNKDTCVKQPUCORNGPQVCESWKTGF5GNGEV
QPGQHVJGHQNNQYKPI
0QVCESWKTGF6JGECNKDTCVKQPUCORNGJCUPQVDGGPCESWKTGFQTKUKPXCNKF
%CNKDTCVKQPUCORNGKUTGSWGUVGFKHVJGPWODGTQHDNCFGUKUITGCVGTVJCP
#ESWKTGF6JGECNKDTCVKQPUCORNGJCUDGGPCESWKTGFCPFKUXCNKF
5GVVJKURTQITCOEQFGVQé0QV#ESWKTGFêVQCNNQYVJG/2/%VQCESWKTGQTTG
CESWKTGECNKDTCVKQPUCORNG
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%CNKDTCVKQPUCORNG0QVCESWKTGF
%CNKDTCVKQPUCORNG#ESWKTGF
%QPHKIWTG VJKU F[PCOKE FCVC EQFG CU KVGO UQ VJCV VJG HNQY TCVG CPF VJG
EWTTGPVUVCVWUHQTVJGOGVGTKUXKUKDNG
%CNKDHCKNCNCTOCEVKQP6JGECNKDTCVKQPHCKNWTGCNCTOCEVKQP6JGFGHCWNVXCNWG
KU2TKOCT[5GNGEVQPGQHVJGHQNNQYKPI
1HH6JGCNCTOKUFKUCDNGF
+PHQ9JGPCPCNCTOKUTGRQTVGF
5GEQPFCT[9JGPCPCNCTOKUTGRQTVGF
2TKOCT[9JGPCPCNCTOKUTGRQTVGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
1RGTCVKQP
%CNKDTCVKQPUCORNGCESWKUKVKQP
6JG&CP.QCFCWVQFGVGEVUVJGPWODGTQHDNCFGUKHPGEGUUCT[CPFCESWKTGUCECNKDTCVKQP
UCORNGYJKEJEJCTCEVGTK\GUVJGOGVGTYJGPVJGHNQYTCVGTGCEJGUVJGJKIJGUVEQPHKIWTGFHNQY
TCVG FWTKPI CP CWVJQTK\GF NQCF 6JG UVCVWU QH VJG ECNKDTCVKQP UCORNG é#ESWKTGFê QT é0QV
CESWKTGFê OC[DGXKGYGFKPVJGF[PCOKEFCVCFKURNC[+PQTFGTVQCESWKTGCECNKDTCVKQPUCORNG
RGTHQTOVJGHQNNQYKPI
5GVVJGRTQITCOEQFG0WODGTQHDNCFGUVQVJGPWODGTQHOCIPGVKEDNCFGU
QTDWVVQPU QPVJGOGVGTKHMPQYPQTUGVKVVQKHWPMPQYP
5GVRTQITCOEQFG%CNKDTCVKQPUCORNGVQ0QV#ESWKTGF
2TGUGVCPFUVCTVCNQCF
9JGP VJG DCVEJ TGCEJGU KVU JKIJ HNQY UGEVKQP VJG &CP.QCF VTKGU VQ CESWKTG C é%CNKDTCVKQP
UCORNGê6JGUVCVWUQHVJGECNKDTCVKQPUCORNGOC[DGXKGYGFKPVJGF[PCOKEFCVCFKURNC[6JG
UVCVWU QH VJG ECNKDTCVKQP UCORNG KP VJG F[PCOKE FCVC FKURNC[ EJCPIGU VQ é#ESWKTGFê YJGP C
ECNKDTCVKQPUCORNGKUCESWKTGFD[VJG&CP.QCF6JGECNKDTCVKQPUCORNGOC[DGXKGYGFHTQO
VJGé%CNOQPUVCVWUêUETGGPQPVJG&CP.QCF
/QPKVQTKPIUCORNGCESWKUKVKQP
6JG &CP.QCF CESWKTGU OQPKVQTKPI UCORNGU QP UWDUGSWGPV NQCFU CPF FGVGTOKPGU VJG
OQPKVQTKPIEJCTCEVGTKUVKEQHVJGOGVGT
%#./10CPCN[UKU
#EQORCTKUQPQHECNKDTCVKQPEJCTCEVGTKUVKECPFOQPKVQTKPIEJCTCEVGTKUVKETGUWNVUKPVJGOQPKVQTKPI
UCORNGDGKPIENCUUKHKGFCU)QQF$CFQT7PUWTG6JG&CP.QCFTGRQTVUECNKDTCVKQP
CNCTOU FGRGPFKPI QP VJG UCORNG ENCUUKHKECVKQP CPF é%CNOQP GTTQT NKOKVê CPF é%CNOQP TGUGV
EQWPVê
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%#./105VCVWU5ETGGP
6JG ECNOQP UVCVWU UETGGP EQPVCKPU KPHQTOCVKQP QP VJG é%CNKDTCVKQP UCORNGê VJG é/QPKVQTKPI
UCORNGêCPFé%CNOQPCPCN[UKUê(QNNQYKPIKPHQTOCVKQPOC[DGQDVCKPGFHTQOCEJCTCEVGTKUVKE
UCORNG
5CORNGHTGSWGPE[6JGHTGSWGPE[KP*\CVYJKEJVJGEJCTCEVGTKUVKEUCORNGYCU
CESWKTGF
(TGSWGPE[KPUVCDKNKV[(NQYTCVGKPUVCDKNKV[FWTKPICESWKUKVKQPQHCEJCTCEVGTKUVKE
UCORNG6JKUXCNWGKPFKECVGUCEEGNGTCVKPIQTFGEGNGTCVKPIHNQYQTRWNUCVKPIHNQY
/GCPDNCFGFGXKCVKQP#XCNWGKPFKECVKPIOCEJKPGKPCEEWTCEKGUQHDNCFGURCEKPI
CPFKPCEEWTCEKGUKPDNCFGCPINGU
5CORNGKPUVCDKNKV[#XCNWGKPFKECVKPIVJGEQPFKVKQPQHVJGDGCTKPIUWEJCUFCOCIGF
QTFT[DGCTKPIU
6QVCNEJCTCEVGTKUVKEFGXKCVKQPU%CNEWNCVGFCHVGTCESWKTKPICOQPKVQTKPIUCORNGKV
KUVJGUWOQHKPFKXKFWCNDNCFGTCVKQFGXKCVKQPUHTQOVJGECNKDTCVKQPUCORNG
6JGEJCTCEVGTKUVKEFGXKCVKQPUKPFKECVGEQPFKVKQPUUWEJCUUKPINGQTOWNVKRNGDGPVDNCFGUQT
DTQMGPDNCFGU
)QQF EQWPV 6JG PWODGT QH IQQF OGVGT CPCN[UGU 6JG PWODGT QH IQQF OGVGT
CPCN[UGU CTG \GTQGF HQT GXGT[ %#./10 TGUGV EQWPV ECNKDTCVKQP OQPKVQTKPI
CPCN[UGU
$CFEQWPV6JGPWODGTQHDCFOGVGTCPCN[UGU6JGPWODGTQHDCFOGVGTCPCN[UGU
CTG\GTQGFHQTGXGT[%#./10TGUGVEQWPVECNKDTCVKQPOQPKVQTKPICPCN[UGU
4GUGVEQWPVKUVJGPWODGTQHVKOGUé%CNOQPTGUGVEQWPVêECNKDTCVKQPOQPKVQTKPI
CPCN[UKUYCURGTHQTOGF
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#NCTODKVOCRKUCDKV/2/%CNCTODKVOCRUKPEGVJG&CP.QCFYCUNCUVTGUGV
6JG CNCTO DKVOCR KPENWFGU V[RGU QH é%CNKDTCVKQP OQPKVQTKPI CNCTOUê 6JG
&CP.QCF TCKUGU C é%CNKDTCVKQP HCKNWTGê CNCTO HQT CP[ é%CNKDTCVKQP OQPKVQTKPIê
CNCTOTGRQTVGFD[VJG%#./10RTQEGUU
6JGHQNNQYKPIVCDNGFGUETKDGUVJGé#NCTODKVOCRêVJCVKUFKURNC[GFQPVJG&CP.QCF
é#NCTODKVOCRêHKGNF
#NCTO(NCIU
$KV &GUETKRVKQP
2WNUGUGEWTKV[GTTQTOGVGT
2WNUGUGEWTKV[GTTQTOGVGT
2TQITCOOGOQT[EJGEMUWO
4#/EJGEM
5VCEMQXGTHNQY
7PGZRGEVGFKPVGTTWRV
%CNKDTCVKQPHCKNWTGOGVGT
%CNKDTCVKQPHCKNWTGOGVGT
+1RQTVGTTQT
+PXCNKFEQOOCPF EQOOCPFEQFGQTEQOOCPFNGPIVJ
%CNKDTCVKQPUCORNGEQWNFPQVDGCESWKTGFOGVGT
%CNKDTCVKQPUCORNGEQWNFPQVDGCESWKTGFOGVGT
/QPKVQTKPIUCORNGEQWNFPQVDGCESWKTGFOGVGT
/QPKVQTKPIUCORNGEQWNFPQVDGCESWKTGFOGVGT
%CNKDTCVKQPEJGEMUWOKPXCNKFOGVGT
%CNKDTCVKQPEJGEMUWOKPXCNKFOGVGT
$KVKUVJG.5$CPFDKVKUVJG/5$#NCTOUEQTTGURQPFKPIVQDKVUCPF
CPFCTGTCKUGFD[VJG%#./10RTQEGUU
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&GUETKRVKQPQH%CNKDTCVKPI/QPKVQTKPI#NCTOU
6JGTGCTGV[RGUQHCNCTOUTGRQTVGFRGTOGVGTD[VJG%#./10RTQEGUU6JGUGCNCTOUCTG
%CNKDTCVKQP UCORNG EQWNF PQV DG CESWKTGF %#./10 TGUGV EQWPV CVVGORVU
YGTG OCFG VQ CWVQFGVGEV VJG PWODGT QH DNCFGU KH PGEGUUCT[ CPF CESWKTG C
ECNKDTCVKQPUCORNG6JKUEQPFKVKQPWUWCNN[QEEWTUYJGPCUVGCF[HNQYXGNQEKV[KU
PQVOCKPVCKPGFFWTKPIECNKDTCVKQPUCORNGCESWKUKVKQP
/QPKVQTKPI UCORNG EQWNF PQV DG CESWKTGF # UKPING IQQF OGVGT CPCN[UKU RGT
%#./10TGUGVEQWPVECNKDTCVKQPOQPKVQTKPICPCN[UGUEQWNFPQVDGOCFG6JKU
EQPFKVKQPKUWUWCNN[ECWUGFD[GKVJGTYQTPQTFT[DGCTKPIUWPUVCDNGQTRWNUCVKPI
HNQYQTFGDTKUKPVJGNKPG
%CNKDTCVKQPHCKNWTG6JGPWODGTQHVKOGUDCFOGVGTCPCN[UGURGT%#./10
TGUGVEQWPVGZEGGFGF%#./10GTTQTNKOKV6JKUEQPFKVKQPKUWUWCNN[ECWUGF
D[DGPVQTDTQMGPVWTDKPGOGVGTDNCFGUQTYQTPDGCTKPIUQTFT[DGCTKPIU
%CNKDTCVKQPEJGEMUWOKPXCNKF#NCTOKUTCKUGFFWTKPIOQPKVQTKPIKPFKECVKPIVJCV
VJGECNKDTCVKQPEJCTCEVGTKUVKEUVQTGFKPDCVVGT[DCEMGFOGOQT[EJCPIGFCHVGTVJG
ECNKDTCVKQPUCORNGYCUCESWKTGF6JKUEQPFKVKQPOC[DGECWUGFD[CHCKNWTGQH
VJGPQPXQNCVKNG4#/6JKUCNCTOOC[CNUQDGTCKUGFKH/2/%VTKGUVQCESWKTG
C OQPKVQTKPI UCORNG HQT C OGVGT HQT YJKEJ C ECNKDTCVKQP UCORNG JCU PQV DGGP
CESWKTGF
%CNKDTCVKQPOQPKVQTKPIHQTCOGVGTKUFKUCDNGFHQNNQYKPICPCNCTOCPFOC[DGGPCDNGFCICKPD[
VJGOCUVGT
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGHQNNQYKPIVCDNGKUCNKUVQHECNKDTCVKQPHCKNWTGCNCTOUTGRQTVGFD[VJG/2/%CPFVJGRTQDCDNG
ECWUGHQTVJGUGCNCTOU
%CNKDTCVKQP(CKNWTG#NCTOU 2TQDCDNG%CWUGU
%CNKDTCVKQPUCORNGEQWNFPQVDGCESWKTGF 7PUVCDNGQTRWNUCVKPIHNQY9QTPQTFT[
DGCTKPIU
$NCFGEQWPVKPFGVGTOKPCVG
&GDTKUKPVJGNKSWKFNKPG
/QPKVQTKPIUCORNGEQWNFPQVDGCESWKTGF 7PUVCDNGQTRWNUCVKPIHNQY9QTPQTFT[
DGCTKPIU
&GDTKUKPVJGNKSWKFNKPG
%CNKDTCVKQPHCKNWTG $GPVQTDTQMGPDNCFG
9QTPQTFT[DGCTKPI
%CNKDTCVKQPEJGEMUWOKPXCNKF 0QPXQNCVKNG4#/HCKNWTG
/2/%VTKGFVQCESWKTGCOQPKVQTKPI
UCORNGHQTCOGVGTHQTYJKEJCECNKDTCVKQP
UCORNGJCUPQVDGGPCESWKTGF
6JG HQNNQYKPI VCDNG KU C NKUV QH EQOOQP EQPFKVKQPU VJCV CTG TGURQPUKDNG HQT OGVGT ECNKDTCVKQP
HCKNWTGUCPFVJG%JCTCEVGTKUVKEXCNWGUVJCVCTGCHHGEVGFD[VJGUGEQPFKVKQPU
%QPFKVKQPUHQT%CNKDTCVKQP(CKNWTGUQP %JCTCEVGTKUVKE8CNWGU#HHGEVGF
.KSWKF6WTDKPG/GVGTU
$GPVQTDTQMGPDNCFGU 6QVCNEJCTCEVGTKUVKEFGXKCVKQPU/CZKOWO
EJCTCEVGTKUVKEFGXKCVKQP/GCPDNCFG
FGXKCVKQP
/CEJKPGKPCEEWTCEKGUQHDNCFGUQTDNCFG /GCPDNCFGFGXKCVKQP
CPINGU
7PUVCDNGHNQY (TGSWGPE[KPUVCDKNKV[
&GDTKUKPNKSWKFNKPGRQUUKDN[VTCRRGF (TGSWGPE[KPUVCDKNKV[5CORNGKPUVCDKNKV[
WRUVTGCO
9QTPQTFT[DGCTKPIUQTRWNUCVKPIHNQY 5CORNGKPUVCDKNKV[
5GVWRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QPHKIWTCVKQP2CTCOGVGT)TQWRU
6JG VCDNGU NQECVGF KP #RRGPFKZ # CTG RTQXKFGF CU C IWKFG VQ VJG XCTKQWU RTQITCO EQFGU
RCTCOGVGTU VJCVFGVGTOKPGVJGEQPHKIWTCVKQPQHVJG&CP.QCF6JGUGVCDNGURTQXKFGCKFKP
FGVGTOKPKPIKHCNNTGSWKTGFRTQITCOEQFGUJCXGDGGPEQTTGEVN[EQPHKIWTGF4GHGTVQFTCYKPIU$'
&GXKEG.KPMCIGU&CP.QCFCPF&'2TQITCO%QFGVQ&GXKEG#UUKIPOGPVU
&CP.QCFNQECVGFKP#RRGPFKZ'HQTJGNRKPWPFGTUVCPFKPIVJGRCTCOGVGTITQWRU
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6HWXS
5GEVKQP
1RGTCVKQP
1RGTCVQT+PVGTHCEG
$CVEJ&GNKXGT[
#FFKVKXG+PLGEVKQP
&CVC.QIIKPI
#NCTO#PCN[UKU
&KCIPQUVKEU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUUGEVKQPEQPVCKPUKPHQTOCVKQPQPQRGTCVKQPQHVJG&CP.QCF2TGUGVFWTKPIDCVEJFGNKXGT[
CPFOWNVKRNGDCVEJFGNKXGT[VTCPUCEVKQPU1RGTCVKQPQHVJG&CP.QCFKUFGHKPGFD[RTQITCO
EQFGU2TQITCOEQFGUEQPUKUVQHCVJTGGFKIKVKFGPVKHKECVKQPPWODGTCPCOGCPFCXCNWGQT
UGNGEVKQP2TQITCOEQFGUCTGEQPHKIWTGFFWTKPIVJGUGVWRRTQEGFWTGFGUETKDGFKP 5GEVKQP
5GVWR5GEVKQP2TQITCO%QFG&GHKPKVKQPUEQPVCKPUCFFKVKQPCNKPHQTOCVKQPQPVJGHWPEVKQPQH
CNNRTQITCOEQFGU
6JG &CP.QCF KU WUGF VQ EQPVTQN CPF OGCUWTG VJG FGNKXGT[ QH NKSWKF RTQFWEVU VQ VCPMGT
XGJKENGU 5KPING EQORQPGPVU QT HTQO VYQ VQ HQWT EQORQPGPVU ECP DG DNGPFGF CPF FGNKXGTGF
&GNKXGT[QHCUKPINGEQORQPGPVGKVJGTUGSWGPVKCNN[QTUKOWNVCPGQWUN[YKVJQVJGTEQORQPGPVUKU
ECNNGFCNQCF#DCVEJEQPUKUVUQHQPGQTOQTGEQORQPGPVNQCFU
# DCVEJ KU FGHKPGF CU VJG FGNKXGT[ QH QPG UKPING RTQFWEV QT C DNGPF EQPUKUVKPI QH VYQ VQ HQWT
EQORQPGPVUYKVJQTYKVJQWVCFFKVKXGU#UKPINGDCVEJFGNKXGT[OC[EQPUVKVWVGCVTCPUCEVKQPVJCV
KUPQOQTGDCVEJGUYKNNDGFGNKXGTGFVQVJKUENKGPVCVVJKUVKOG#DCVEJFGNKXGT[DGIKPUYJGPVJG
WUGTQRGTCVQTRTGUGVUCSWCPVKV[VQDGFGNKXGTGFCPFKPKVKCVGUVJGFGNKXGT[#DCVEJFGNKXGT[ECP
DGUWURGPFGFCPFTGUVCTVGFCVCP[VKOGKHVJGHQNNQYKPIVYQNKOKVCVKQPUCTGOGV#NNVJGRGTOKUUKXG
EKTEWKVUCTGENQUGF PQCEVKXGRGTOKUUKXGCNCTOEQPFKVKQP CPFVJG4GOCKPKPISWCPVKV[KUITGCVGT
VJCPVJGXCNWGUGVKPRTQITCOEQFG/KPKOWORTGUGVSV[6JGDCVEJFGNKXGT[KUVGTOKPCVGF
YJGPVJGNCUVRWNUGHTQOVJGHNQYOGVGTKUFGVGEVGFCPFVJGDCVEJFGNKXGT[ECPPQVDGTGUVCTVGFFWG
VQQPGQHVJGEQPFKVKQPUOGPVKQPGFCDQXG
#VTCPUCEVKQPKUFGHKPGFCUQPGQTOQTGDCVEJFGNKXGTKGUVJCVCTGITQWRGFVQIGVJGTHQTCEEQWPVKPI
RWTRQUGU6TCPUCEVKQPUCTGNQIKECNN[VJGFGNKXGT[QHQPGQTOQTGDCVEJGUVQQPGENKGPVYJKEJ
YQWNFDGVJGECUGKPOWNVKRNGDCVEJGUFGNKXGTGFVQOWNVKRNGEQORCTVOGPVUKPCVCPMGTXGJKENG6JG
&CP.QCFCNNQYUVJGQRGTCVQTVQFGHKPGVJGDCVEJFGNKXGTKGUVJCVEQORTKUGCVTCPUCEVKQP#
VTCPUCEVKQPKUVGTOKPCVGFKHCP[QHVJGHQNNQYKPIEQPFKVKQPUQEEWT
.QUUQHRQYGTVQVJG&CP.QCF
#PGPFVTCPUCEVKQPEQOOCPFKUTGEGKXGFHTQOVJGVGTOKPCNCWVQOCVKQPU[UVGO
6JG561224+06MG[KURTGUUGFCPFCFGNKXGT[QRGTCVKQPKUPQVKPRTQITGUU+HCDCVEJ
FGNKXGT[KUVGORQTCTKN[UWURGPFGFD[RTGUUKPIVJG561224+06MG[CPFKVKUFGUKTGFVQ
EQPVKPWGVJGDCVEJFGNKXGT[VJG'06'4CPF56#46MG[RTGUUUGSWGPEGYKNNTGUVCTVVJG
DCVEJ FGNKXGT[ +H YJKNG VJG DCVEJ FGNKXGT[ KU UWURGPFGF VJG 561224+06 MG[ KU
RTGUUGF VJG VTCPUCEVKQP KU VGTOKPCVGF CPF GKVJGT VJG 4GEKRG 5GNGEVKQP &KURNC[ VJG
#FFKVKXG5GNGEVKQP&KURNC[QTVJG.QCFKPI&KURNC[KURTGUGPVGFVQVJGWUGTQRGTCVQT
FGRGPFKPIQPVJGU[UVGOEQPHKIWTCVKQP
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#PGYDCVEJFGNKXGT[YJKEJYKNNDGRCTVQHCPGYVTCPUCEVKQPOWUVDGFGHKPGFDGHQTGCRTQFWEV
QTDNGPFQHRTQFWEVUECPDGFGNKXGTGF6JGDCVEJFGNKXGT[RTQEGFWTGKUFGUETKDGFKP5GEVKQP
$CVEJFGNKXGT[EQPVTQNRCTCOGVGTUCTGRTGUGVD[VJGWUGTQRGTCVQT6JGOGVJQFQHFGNKXGTKPICPF
ECNEWNCVKPI VJG SWCPVKV[ VJG DCVEJ FGNKXGT[ CTG FGRGPFGPV QP VJG RTGUGV EQPHKIWTCVKQP QH VJG
&CP.QCF6JGUVGRUNKUVGFDGNQYKPFKECVGVJGUGSWGPEGHQTKPKVKCVKPICDCVEJFGNKXGT[5QOG
QTCNNQHVJGUVGRUCTGD[RCUUGFKHVJGHGCVWTGKUPQVKORNGOGPVGF
#TGEKRGUGNGEVKQP2GTHQTOGFCWVQOCVKECNN[KHQPN[QPGTGEKRGKUFGHKPGFQTRGTHQTOGF
OCPWCNN[KHVYQQTOQTGTGEKRGUCTGFGHKPGF6JGTGEKRGFGHKPGUVJGUKPINGRTQFWEVQT
OWNVKEQORQPGPV DNGPFKPI EJCTCEVGTKUVKEU QH VJG DCVEJ FGNKXGT[ 5GEVKQP 2TQITCO
%QFGUVQ
#PCFFKVKXGUGNGEVKQP4GSWKTGFKHCFFKVKXGKPLGEVKQPUGNGEVKQPOGVJQFRTQITCOEQFG
5GNGEVKQPOGVJQFKUUGVVQ2TQORVCPFVJGCFFKVKXGKUUGNGEVGFRTQITCOEQFG
#XCKNCDNG
'PVT[QHQPGVQHKXGFCVCKVGOU'CEJFCVCKVGOECPDGHTQO\GTQVQGKIJVPWOGTKEFKIKVU
FCVC KVGOU CTG WUGF D[ VGTOKPCN CWVQOCVKQP U[UVGOU HQT DCVEJ VTCPUCEVKQP CEEQWPVKPI
RWTRQUGU 5GEVKQP2TQITCO%QFGUVQ
#NN QH VJG DCVEJ FGNKXGT[ RCTCOGVGTU OWUV DG RTGUGV DGHQTG C DCVEJ FGNKXGT[ ECP DGIKP #
VTCPUCEVKQPOWUVUJCTGCNNQHVJGUGRCTCOGVGTUHQTCNNCUUQEKCVGFDCVEJFGNKXGTKGU6JGTGHQTGC
VTCPUCEVKQPKUTGUVTKEVGFVQQPGQTOQTGDCVEJFGNKXGTKGUQHCUKPINGRTQFWEVQTCUKPINGDNGPFQH
EQORQPGPVUYJKEJJCXGRTGUGNGEVGFCFFKVKXGKPLGEVKQPRCTCOGVGTU#VTCPUCEVKQPECPPQVKPENWFG
OWNVKRNGTGEKRGUQTXCTKQWUCFFKVKXGKPLGEVKQPEQODKPCVKQPU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2J[UKECN%QPHKIWTCVKQP
6JGFKURNC[RCPGNUVCVWUKPFKECVQTUCPFMG[RCFVJCVCTGOQWPVGFKPVJGQRGTCVQTEQPVTQNRCPGN
RTQXKFGQRGTCVQTKPVGTHCEGYKVJVJGKPUVTWOGPV
&GUKTGFHWPEVKQPUCTGEQPVTQNNGFXKCEQOOCPFGPVTKGUCVVJGMG[RCFKPTGURQPUGVQFKURNC[GFFCVC
CPFRTQORVOGUUCIGU
&KURNC[UCPF%QPVTQNU
.'&5VCVWU+PFKECVQTU
6JGVJTGG.'&UVCVWUKPFKECVQTUCTGXKUKDNGVJTQWIJVJGXGTVKECNYKPFQYNQECVGFVQVJGTKIJVQHVJG
.%&FKURNC[RCPGN&WTKPIPQTOCNQRGTCVKQPQHVJG&CP.QCFKPVJG/CPWCNOQFG PQV
EQPPGEVGFVQCVGTOKPCNCWVQOCVKQPU[UVGO VJG[GNNQYKPFKECVQTKU1(( OCPWCNQRGTCVKPIOQFG
6JGITGGPKPFKECVQTKU10KHRQYGTKUCRRNKGFVQ6$VGTOKPCNQPVJGRQYGTUWRRN[DQCTF6JKU
RQYGTWUWCNN[EQOGUHTQOVJGRGTOKUUKXGRQYGTEKTEWKVCPFKUPQVRTGUGPVWPNGUUVJGUCHGV[EKTEWKVU
CTGGPCDNGF6JG[GNNQYCPFTGF.'&çUCTGRWNUGFQPQHHHQTQPGUGEQPFQPRQYGTWRTGUGVQH
VJG&CP.QCF
6JGKPFKECVQTURTQXKFGVJGHQNNQYKPIUVCVWUKPHQTOCVKQP
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
.'&5VCVWU(WPEVKQP
#761/#07#.
[GNNQY 1(( 6JG&CP.QCFKUQRGTCVKPIKPVJG/CPWCNOQFG RTQITCOEQFG
1RGTCVKPIOQFG 0QVG.QECNQRGTCVKQPKUKFGPVKECNKPGKVJGTQHVJGUGVYQ
OQFGU
10 6JG &CP.QCF KU QRGTCVKPI KP VJG #WVQ OQFG NKPMGF VQ C JQUV
EQORWVGTCPFQRGTCVKPICUCUNCXGWPKV RTQITCOEQFG1RGTCVKPI
OQFG
(.#5*+0)
6YQUJQTVRWNUGUGXGT[VYQUGEQPFU %CUGKPVGTPCNVGORGTCVWTGKU
VQQJKIJQTVJGMG[RCFFKURNC[KUFKUEQPPGEVGFQTRQYGTKUTGOQXGF
HTQOVJGMG[RCFFKURNC[
1PGUJQTVRWNUGGXGT[VYQUGEQPFU 6JGEQPFKVKQPVJCVECUGFVJG
CNCTOJCUTGVWTPGFVQPQTOCNUVCVG6JG&CP.QCFUJQWNFDG
RQYGTGFWRQTTGUGVVQEQPVKPWGWUKPIVJGMG[RCFFKURNC[
4CRKFHNCUJKPI 2QYGTHCKNWTGQTNQYRQYGTEQPFKVKQP
2'4/+55+8'219'4
ITGGP 10 6JGRGTOKUUKXGRQYGTEKTEWKVKUENQUGF PQTOCNUVCVGYJGPCDCVEJFGNKXGT[
KUKPRTQITGUU 6JGHWPEVKQPQHVJGITGGP.'&KPFKECVQTKUFGRGPFGPVQP
VJGUVCVGQHVJGRGTOKUUKXGEKTEWKVNQECVGFQPVJGRQYGTUWRRN[OQFWNG
CPFKUPQVRTQITCOOCDNG
1(( 6JG RGTOKUUKXG RQYGT EKTEWKV KU QRGP 6JKU KPFKECVGU CP CDPQTOCN UVCVG
YJKEJ KU FWG VQ RGTOKUUKXG RQYGT HCKNWTG QT HCKNWTG QH QPG QT OQTG
RGTOKUUKXG EKTEWKVU YKTGF KP UGTKGU YKTGF #0& YKVJ VJG RGTOKUUKXG
RQYGTUQWTEG VJGHWPEVKQPQHVJGITGGP.'&KPFKECVQTKUFGRGPFGPVQPVJG
UVCVGQHVJGRGTOKUUKXGEKTEWKVCPFKUPQVRTQITCOOCDNG
#.#4/56#675
TGF 10 # RTKOCT[ CNCTO KU CEVKXG UGG 5GEVKQP HQT KPHQTOCVKQP QP CNCTO
CEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JG .%& FCVC FKURNC[ JCU C DCEMNKIJVKPI HGCVWTG HQT GCUG QH TGCFKPI KP NQY CODKGPV NKIJV
EQPFKVKQPU6JGKPVGPUKV[QHVJGDCEMNKIJVKPIKUEQPVTQNNGFD[VJGKPVGPUKV[NGXGNQHCODKGPVNKIJV
RTQITCOEQFGUVQ
&CVCKUFKURNC[GFKPWRVQVJTGGDCUKEHQTOCVUFWTKPIPQTOCNDCVEJFGNKXGT[UGVWRCPFFGNKXGT[
QRGTCVKQPU6JGUGVJTGGFKURNC[HQTOCVUCTG
4GEKRG5GNGEVKQP&KURNC[
6JKUFKURNC[KURTGUGPVGFVQVJGWUGTQRGTCVQTKHOQTGVJCPQPGTGEKRGJCUDGGPFGHKPGF
+HQPN[QPGTGEKRGJCUDGGPFGHKPGFVJCVTGEKRGKUUGNGEVGFCWVQOCVKECNN[CPFVJG4GEKRG
5GNGEVKQP&KURNC[KUPQVRTGUGPVGFVQVJGQRGTCVQT+PHQTOCVKQPQPTGEKRGUGNGEVKQPCPFCP
GZCORNGQHVJKUFKURNC[CTGRTQXKFGFDGNQYKPVJKUUGEVKQP
#FFKVKXG5GNGEVKQP&KURNC[
6JKUFKURNC[KURTGUGPVGFVQVJGWUGTQRGTCVQTKHQPGQTOQTGCFFKVKXGUJCXGDGGPFGHKPGF
CPFVJGCFFKVKXGRTQORVQRVKQPRTQITCOEQFG5GNGEVKQPOGVJQFUGVVQ2TQORV+PVJG
ECUGYJGTGCFFKVKXGUJCXGDGGPFGHKPGFCPFOCFGCXCKNCDNGRTQITCOEQFG
#XCKNCDNGUGVVQ;GUKPLGEVKQPQHCNNCFFKVKXGUKUCNYC[UVWTPGFQHH
CPFGCEJCFFKVKXGOWUVDGOCPWCNN[GPCDNGFXKCQRGTCVQTKPVGTCEVKQP+HPQCFFKVKXGUJCXG
DGGPFGHKPGFVJG#FFKVKXG5GNGEVKQP&KURNC[KUPQVRTGUGPVGFVQVJGQRGTCVQT+PHQTOCVKQP
QPCFFKVKXGKPLGEVKQPUGNGEVKQPCPFGPCDNKPICPFCPGZCORNGQHVJKUFKURNC[CTGRTQXKFGF
DGNQYKPVJKUUGEVKQP
.QCFKPI&KURNC[
6JKUFKURNC[KUCNYC[URTGUGPVGFVQVJGWUGTQRGTCVQTVQRTQXKFGFCVCHGGFDCEMFWTKPI
FGHKPKVKQP QH C DCVEJ FGNKXGT[ QRGTCVKQP CPF FWTKPI FGNKXGT[ QH VJG DCVEJ QT ITQWR QH
DCVEJGU VTCPUCEVKQP +PHQTOCVKQPQPDCVEJNQCFKPICPFCPGZCORNGQHVJKUFKURNC[CTG
RTQXKFGFDGNQYKPVJKUUGEVKQP
&[PCOKE&CVC&KURNC[
6JKUFKURNC[ECPDGOCPWCNN[UGNGEVGFYJGPVJGNQCFKPIFKURNC[KUCEVKXG6JKUFCVCKU
RCTVKEWNCTN[WUGHWNFWTKPIDCVEJNQCFKPICPFOGVGTRTQXKPI
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
-G[RCF
6JGPWOGTKEHWPEVKQPMG[RCFRTQXKFGUVJGOGVJQFHQTVJGWUGTQRGTCVQTVQUGNGEVTGEKRGUCPF
CFFKVKXGUGPVGTVJGFGUKTGFRTGUGVSWCPVKV[CPFEQPVTQNDCVEJFGNKXGTKGU5QOGMG[HWPEVKQPUCTG
QPN[ CRRNKECDNG VQ UGVWR QH VJG &CP.QCF YJKNG KP VJG 2TQITCO /QFG 6JGUG URGEKCN
HWPEVKQPUCTGPQVWUGFKPPQTOCNDCVEJFGNKXGT[QRGTCVKQPUCPFVJGTGHQTGCTGPQVEQXGTGFKPVJKU
UGEVKQP6JGMG[RCFNC[QWVKUKPFKECVGFKP(KIWTG
-G[RCF.C[QWV
(KIWTG
0QVG
6JG9GKIJVUCPF/GCUWTGUUYKVEJKUVJGNQEMCDNGCPFUGCNCDNGRWUJDWVVQPUYKVEJNQECVGFKP
VJGWRRGTNGHVEQTPGTQHVJGMG[RCF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
-G[ (WPEVKQP
VJTW PWOGTKEFKIKVUHQTFCVCGPVT[
'06'4 CEEGRVVJGOCPWCNN[GPVGTGFXCNWGCPFEQPVKPWG
%.'#4 TGLGEVVJGOCPWCNN[GPVGTGFXCNWGCPFEQPVKPWG
5'.'%6 VQIINGVJG1HH1PQRVKQPHQTGCEJFGHKPGF
CFFKVKXG
UETQNNFQYPOQXGVJGUGNGEVDQZVQVJGPGZV
KVGOKPVJG4GEKRGU5GNGEVKQP&KURNC[QTVJG
#FFKVKXG5GNGEVKQP&KURNC[
UETQNNWROQXGVJGUGNGEVDQZVQVJGRTGXKQWU
KVGOKPVJG4GEKRGU5GNGEVKQP&KURNC[QTVJG
#FFKVKXG5GNGEVKQP&KURNC[
56#46 KPKVKCVGVJGDCVEJNQCFKPIQRGTCVKQPCHVGTDCVEJ
UGVWRFCVCJCUDGGPGPVGTGF
561224+06 UVQRVJGDCVEJNQCFKPIQRGTCVKQPCPFRTKPVDCVEJ
CPFQTVTCPUCEVKQPTGRQTVKHGPCDNGF
RTQITCO CEEGUUVQVJG2TQITCO/QFGHQTOQFKHKECVKQPQH
PQPTGUVTKEVGFRTQITCOEQFGUCPFU[UVGOFCVC
9/ VJG9GKIJVUCPF/GCUWTGUUGEWTKV[UYKVEJ
-G[(WPEVKQPU $CVEJ&GNKXGT[
(KIWTG
-G[HWPEVKQPUCRRNKECDNGVQDCVEJFGNKXGT[QRGTCVKQPUCTGNKUVGFKP(KIWTG6JGFGUETKRVKQP
QHVJGDCVEJFGNKXGT[RTQEGFWTGKP5GEVKQPEQPVCKPUKPEQPVGZVKPHQTOCVKQPQHVJGHWPEVKQPQH
VJGXCTKQWUMG[U6JGRTQITCOMG[CPFVJG9GKIJVUCPF/GCUWTGUUYKVEJCTGPQVWUGFFWTKPI
PQTOCNDCVEJFGNKXGTKGU*QYGXGTVJGWUGTQRGTCVQTUJQWNFDGHCOKNKCTYKVJVJGHWPEVKQPUQH
VJGRTQITCOMG[CPF9GKIJVUCPF/GCUWTGUUYKVEJ
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQITCOMG[
6JGRTQITCOMG[KUWUGFYJKNGQRGTCVKPIKPVJG.QCFKPI/QFGCPFPQDCVEJFGNKXGT[KU
KPRTQITGUUVQCEEGUUVJG2TQITCO/QFG6JKUCEVKQPKUCEEQORNKUJGFD[RTGUUKPIVJG
#.6 MG[ CPF YJKNG OCKPVCKPKPI VJG #.6 MG[ FGRTGUUGF UKOWNVCPGQWUN[ RTGUU VJG
'06'4 RTQITCO MG[ 6JG 'PVGT RCUUEQFG AAAAAAAAA RTQORV KU FKURNC[GF QP VJG
OGUUCIGNKPGCVVJKUVKOG6JGTGURQPUGKUHQTVJGWUGTQRGTCVQTVQGPVGTVJGKTRTGFGHKPGF
RCUUEQFG QPGVQPKPGFKIKVU +HCRCUUEQFGKUPQVGPVGTGFYKVJKPVJKTV[UGEQPFUQTKHCP
KPXCNKFRCUUEQFGKUGPVGTGFVJGOGUUCIG+PXCNKFRCUUEQFGKUFKURNC[GFQPVJGOGUUCIG
NKPG 2TGUU VJG %.'#4 MG[ VQ TGFKURNC[ VJG PQTOCN NQCFKPI RTQORV 'PVGT RTGUGV
SWCPVKV[ 5GEVKQP 5GVWR CPF 5GEVKQP 2TQITCO %QFG &GHKPKVKQPU EQPVCKP
KPHQTOCVKQPQPQRGTCVKQPQHVJG2TQITCO/QFG
9GKIJVUCPF/GCUWTGUUGEWTKV[UYKVEJ
5GXGTCNRCTCOGVGTUCEEGUUKDNGCURTQITCOEQFGUKPVJG2TQITCO/QFGJCXGFKTGEVGHHGEV
QPVJGXCNKFKV[CPFCEEWTCE[QHVJGDCVEJSWCPVKV[ECNEWNCVKQPU6JGUGRCTCOGVGTUYGTG
URGEKHKGFFWTKPIVJGUGVWRRTQEGFWTGVQJCXG9GKIJVUCPF/GCUWTGUCVVTKDWVGU2CTCOGVGTU
YKVJ VJG 9GKIJVU CPF /GCUWTGU CVVTKDWVGU UGV JCXG VJTGG NGXGNU QH RTQVGEVKQP VQ TGUVTKEV
OQFKHKECVKQPQHVJGKTXCNWGUQTQRVKQPUUGVVKPIU#XCNKFWUGTRCUUEQFGOWUVDGGPVGTGF
VJGWUGTOWUVJCXGUWRGTXKUQTRTKXKNGIGCPFVJG9GKIJVUCPF/GCUWTGUUYKVEJOWUVDG
QRGP KPVJGGZVGPFGFRQUKVKQP +HVJGFTKHVRKPVJTQWIJVJGURTKPINQCFGFUYKVEJCEVWCVQT
KUXKUKDNGVJGUYKVEJKUQRGP&WTKPIPQTOCNQRGTCVKQPVJKUUYKVEJUJQWNFDGENQUGFCPF
YKTGUGCNGFKPVJGENQUGFRQUKVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
$CVEJ&GNKXGT[2TQEGFWTG
6JKUUWDUGEVKQPEQPVCKPUCFGUETKRVKQPQHPQTOCNQRGTCVKQPQHVJG&CP.QCFFWTKPIDCVEJFCVC
GPVT[DCVEJFGNKXGT[CPFVGTOKPCVKQPQHCDCVEJFGNKXGT[6JGFGUETKRVKQPEQXGTUQRGTCVKQPQH
VJG&CP.QCFKPGKVJGTVJG5VCPFCNQPGOQFGQTVJG/CPWCNOQFG1RGTCVKQPKPDQVJQH
VJGUGOQFGUKUKFGPVKECNHTQOVJGWUGTQRGTCVQTXKGYRQKPV1RGTCVKQPQHVJG&CP.QCFCU
C UNCXG FGXKEG VQ C VGTOKPCN CWVQOCVKQP U[UVGO KU KPUVCNNCVKQP FGRGPFGPV CPF KU EQXGTGF KP VJG
&CP.QCF%QOOWPKECVKQPU5RGEKHKECVKQP2CTV0WODGT
+VKUCUUWOGFCVVJKURQKPVVJCVVJG&CP.QCFKUKPVJGKFNGUVCVGVJCVKUPQDCVEJFGNKXGT[KU
KP RTQITGUU CPF PQ VTCPUCEVKQP KU QRGP +H VYQ QT OQTG TGEKRGU JCXG DGGP UGVWR VJG 4GEKRG
5GNGEVKQP&KURNC[KUFKURNC[GFCVVJGUVCTVQHVJGVTCPUCEVKQP+HQPN[QPGTGEKRGJCUDGGPUGVWR
VJGUKPINGTGEKRGKUCUUWOGFVQVJGCEVKXGTGEKRGCPFVJG4GEKRG5GNGEVKQP&KURNC[KUPQVUJQYP
9JGPCTGEKRGKUUGNGEVGFVJGCXCKNCDKNKV[QHGCEJTGEKRGEQORQPGPVKUEJGEMGF6JG
#XCKNCDNGRCTCOGVGTHQTCNNTGEKRGEQORQPGPVUNQECVGFKPVJG%QORQPGPVRCTCOGVGTU
ITQWROWUVDGUGVVQ;GU+PVJGECUGQHUGSWGPVKCNDNGPFKPIVJGUWOQHVJGUGNGEVGFEQORQPGPV
RGTEGPVCIGUURGEKHKGFD[RTQITCOEQFG5GSWGPEGVQNQCFRCTCOGVGTQHVJGTGEKRG
OWUVDG+PVJGECUGQHKPNKPGDNGPFKPIVJGUWOQHVJGRGTEGPVCIGUQHCNNHQWTEQORQPGPVU
KPVJGTGEKRGOWUVDG#PGZCORNGQHVJG4GEKRG5GNGEVKQP&KURNC[KURTQXKFGFDGNQY
4GEKRG5GNGEVKQP&KURNC[ 6[RKECN
(KIWTG
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+HQPGQTOQTGCFFKVKXGUJCXGDGGPUGVWRCPFRTQITCOEQFG5GNGEVKQPOGVJQFKUUGVVQ2TQORV
VJG#FFKVKXG5GNGEVKQP&KURNC[KURTGUGPVGFVQVJGWUGTQRGTCVQTHQTUGNGEVKXGGPCDNKPIQHGCEJ
CFFKVKXG6JGVTCPUCEVKQPKUCWVJQTK\GFCHVGTVJGTGEKRGCPFCFFKVKXG U CTGUGNGEVGF*QYGXGTVJG
VTCPUCEVKQPFQGUPQVUVCTVWPVKNVJG56#46MG[KURTGUUGFVQKPKVKCVGVJGHKTUVDCVEJ
9JKNG QRGTCVKPI KP VJG #WVQOCVKE OQFG CFFKVKXG KPLGEVKQP KU EQPVTQNNGF D[ VJG VGTOKPCN
CWVQOCVKQP U[UVGO 9JKNG QRGTCVKPI KP VJG 5VCPFCNQPG OQFG QT VJG /CPWCN OQFG CFFKVKXG
KPLGEVKQPKUFGRGPFGPVQPVJGQRVKQPUGNGEVGFHQTRTQITCOEQFG5GNGEVKQPOGVJQFCPFTGNCVGF
HCEVQTUFGUETKDGFDGNQY
5GNGEVKQP OGVJQF 2TQORV 6JG #FFKVKXG 5GNGEVKQP &KURNC[ KU RTGUGPVGF VQ VJG
QRGTCVQTHQTOCPWCNUGNGEVKQPQHGCEJCFFKVKXGDGHQTGVJGUVCTVQHGCEJVTCPUCEVKQP 0QVG
+P#761OQFGCVNGCUVQPGQHVJGCFFKVKXGFGNKXGT[GPCDNGRTQITCOEQFGU
#XCKNCDNGOWUVDGUGVVQ[GUVQGPCDNGRTGUGPVCVKQPQHVJG#FFKVKXG
5GNGEVKQP&KURNC[
5GNGEVKQPOGVJQF+PRWVU#P[EQPHKIWTGFCFFKVKXGKUKPLGEVGFKHVJGEQTTGURQPFKPI
GZVGTPCNGPCDNGEQPVCEVENQUWTG RTQITCOEQFG5GNGEVKQP
KPRWV HQTVJCVRCTVKEWNCTCFFKVKXGKUENQUGF
5GNGEVKQP OGVJQF 4GEKRG #FFKVKXG VQ KU UGNGEVGF CWVQOCVKECNN[ HQT VJG
EQTTGURQPFKPITGEKRGVQ6JGCFFKVKXGP UTCVKQQWVRWV KHEQPHKIWTGF KUE[ENGFYJGP
VJGEQTTGURQPFKPITGEKRGPWODGTKUDGKPIFGNKXGTGF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGUGNGEVGFTGEKRGKUKPFKECVGFKPVJGVQRNKPGQHVJG#FFKVKXG5GNGEVKQP&KURNC[#PGZCORNGQH
VJG#FFKVKXG5GNGEVKQP&KURNC[KUKNNWUVTCVGFDGNQY
#FFKVKXG5GNGEVKQP&KURNC[
(KIWTG
6QUGNGEVVJGCFFKVKXGHTQOVJG#FFKVKXG5GNGEVKQP&KURNC[WUGVJGQTMG[UVQRQUKVKQPVJGUGNGEV
DQZQXGTVJGFGUKTGFCFFKVKXGVJGPRTGUUVJG5'.'%6MG[VQVQIINGVJGQRVKQPHTQO1HHVQ1P
QTHTQO1PVQ1HHKHCPGPVT[GTTQTKUOCFG 2TGUUVJG'06'4MG[CHVGTCNNFGUKTGF \GTQVQ
UKZ CFFKVKXGUJCXGDGGPGPCDNGFHQTKPLGEVKQPKPVQVJGFGNKXGTGFUVTGCO
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG.QCFKPI&KURNC[KURTGUGPVGFVQVJGWUGTQRGTCVQTCVVJKUVKOG6JG.QCFKPI&KURNC[CNNQYU
VJGWUGTQRGTCVQTVQGPVGTVJGRTGUGVSWCPVKV[VQDGFGNKXGTGFCPFVQOQPKVQTVJGFGNKXGT[QHVJG
DCVEJCPFVTCPUCEVKQP#PKNNWUVTCVKQPQHVJG.QCFKPI&KURNC[KURTQXKFGFDGNQY
Preset 0 Gal
Remaining 0 Gal
Transaction total 0 Gal
Enter preset volume
.QCFKPI&KURNC[
(KIWTG
6JG.QCFKPI&KURNC[(KIWTGKNNWUVTCVGUUGXGTCNCNRJCPWOGTKECPFPWOGTKEHKGNFUTGNCVGF
VQDCVEJFGNKXGTKGUCPFCITCRJKETGRTGUGPVCVKQPQHVJGDCVEJFGNKXGT[TGEGKXKPIVCPM6JGHKGNFU
EQPVCKPGFKPVJG.QCFKPI&KURNC[CTGFGUETKDGFDGNQY
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
.QCFGFHKGNFEQPVCKPUVJGDCVEJSWCPVKV[QHVJGFGNKXGTGFRTQFWEV6JGXCNWGKPVJKUHKGNF
KUKPETGOGPVGFKPSWCPVKV[WPKVUWPVKNGKVJGTVJGRTGUGVSWCPVKV[KUTGCEJGFQTVJGFGNKXGT[
KUUWURGPFGFQTVGTOKPCVGF
2TGUGVHKGNFEQPVCKPUVJGDCVEJSWCPVKV[VQFGNKXGTYJKEJKUOCPWCNN[GPVGTGFD[VJGWUGT
QRGTCVQTKPTGURQPUGVQVJG'PVGTRTGUGVSWCPVKV[RTQORVUJQYPQPVJGOGUUCIGNKPGQH
VJGFKURNC[RCPGN
4GOCKPKPIHKGNFEQPVCKPUVJGDCVEJSWCPVKV[VJCVJCUPQV[GVDGGPFGNKXGTGFFWTKPICDCVEJ
FGNKXGT[ 2TGUGVSWCPVKV[OKPWUNQCFGFSWCPVKV[GSWCNUTGOCKPKPISWCPVKV[
6TCPUCEVKQPVQVCNHKGNFEQPVCKPUVJGVQVCNCEEWOWNCVGFSWCPVKV[HQTVJGFGNKXGT[VTCPUCEVKQP
#FGNKXGT[VTCPUCEVKQPECPEQPUKUVQHQPGDCVEJFGNKXGT[QTOWNVKRNGDCVEJFGNKXGTKGU
2TQFWEV WPKVU OPGOQPKE )CN HKGNF EQPVCKPU VJG GPIKPGGTKPI WPKVU NCDGN WUGF KP VJG
FKURNC[RCPGNCPFKPTGRQTVU6JGOPGOQPKEKUGPVGTGFD[RTQITCOEQFG2TQFWEVWPKVU
OPGOQPKE#NVJQWIJVJGFGHCWNVGPVT[KUé)CNêCP[UKZEJCTCEVGTNCDGNOC[DGGPVGTGF
0QVGVJCVVJKUUGNGEVKQPKUCFKURNC[NCDGNQPN[CPFFQGUPQVCHHGEVVJGSWCPVKV[WPKVUECNKPI
QH VJG HNQY ECNEWNCVKQPU 5GG 5GEVKQP 2TQITCO %QFG &GHKPKVKQPU HQT CFFKVKQPCN
KPHQTOCVKQP
$CTITCRJRGTEGPVCIGFKURNC[KUVJGTGEVCPINGFKURNC[GFQPVJGTKIJVUKFGQHVJGFKURNC[
RCPGN6JKUFKURNC[KUCDCTITCRJTGRTGUGPVCVKQPQHVJGSWCPVKV[RGTEGPVCIGNQCFGFVQVJG
TGEGKXKPI VCPM #U VJG .QCFGF SWCPVKV[ KU KPETGOGPVGF CPF VJG 4GOCKPKPI SWCPVKV[ KU
FGETGOGPVGFVJGDCT ITCRJ RGTEGPVCIGKURTQRQTVKQPCVGN[UJCFGFKPDNCEM6JGDNCEM
UJCFKPITGRTGUGPVUVJG.QCFGFSWCPVKV[CPFVJGWPUJCFGFRQTVKQPTGRTGUGPVUVJG4GOCKPKPI
SWCPVKV[6JGPWODGTNQECVGFCVVJGVQRQHVJGVCPMKPFKECVGUVJGRGTEGPVCIGQHVJG2TGUGV
SWCPVKV[ VJCV JCU DGGP .QCFGF 6JG PQTOCN TCPIG QH VJKU PWODGT KU VQ
*QYGXGTRGTEGPVCIGUITGCVGTVJCPRGTEGPVCTGKPFKECVGFHQTCFGNKXGT[SWCPVKV[KP
GZEGUUQHRGTEGPVQHVJGRTGUGVSWCPVKV[
/GUUCIGNKPGKUVJGDQVVQONKPGQHVJGFKURNC[RCPGNCPFKUWUGFVQFKURNC[XCTKQWUUVCVWU
OGUUCIGUVQVJGWUGTQRGTCVQT6JGEQPVGPVCPFOGCPKPIQHVJGOGUUCIGUCTGGZRNCKPGF
DGNQYKPVJG%QPVTQNNKPIVJG$CVEJ&GNKXGT[UGEVKQP
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QORQPGPV %QORQPGPVKFGPVKHKECVKQPCUUJQYPQTVJGCNRJCPWOGTKE
%QORQPGPV +& CUUKIPGF KP VJG %QORQPGPV RCTCOGVGTU
ITQWRRTQITCOEQFGUVQ
PP 6JGUGSWGPEGPWODGTQHVJGEQORQPGPVVQVCNPWODGTQH
EQORQPGPVUKPVJGTGEKRGQDVCKPGFHTQORTQITCOEQFG
5GSWGPEGVQNQCFCPFTGEKRGFGHKPKVKQPNQECVGFKP
VJG4GEKRGUITQWRRTQITCOEQFGUVQ
%QPVTQNNKPIVJG$CVEJ&GNKXGT[
+HCFCVCKVGORTQORVQTRTQORVUYGTGFGHKPGFFWTKPIVJGUGVWRRTQEGFWTGVJGRTQORVUYKNNDG
FKURNC[GFFWTKPIDCVEJFGNKXGT[UGVWR&CVCKVGORTQORVUCEEGRVWUGTQRGTCVQTPWOGTKEGPVTKGU
QHWRVQHKXGGKIJVFKIKVPWOGTKEXCNWGUVJCVCTGUCXGFKPVTCPUCEVKQPUVQTCIGOGOQT[QTRTKPVGF
KPFCVCNQIKPOCPWCNQTUVCPFCNQPGOQFGU+PCWVQOQFGFCVCKVGOUCTGEQOOWPKECVGFVQC
VGTOKPCNCWVQOCVKQPU[UVGOHQTVTCPUCEVKQPCEEQWPVKPIRWTRQUGU&CVCKVGOGPVTKGUCTGPQVWUGF
KPVGTPCNN[ D[ VJG &CP.QCF &CVC KVGO RTQORVU CTG OGUUCIGU VJCV CTG RTGUGPVGF QP VJG
OGUUCIG NKPG QH VJG FKURNC[ RCPGN YJGP VJG .QCFKPI &KURNC[ KU HKTUV UJQYP 6JGUG RTQORV
OGUUCIGUCTGFGHKPGFFWTKPIUGVWRYKVJRTQITCOEQFGUVQ
6JGIGPGTCNHQTOCVQHCFCVCRTQORVOGUUCIGKU
'PVGTFCVCKVGOAAAAAAAA
*QYGXGT PQVG VJCV VJG OGUUCIG UJQYP CDQXG KU C FGHCWNV GPVT[ YJKEJ ECP DG EJCPIGF VQ C
OGCPKPIHWNRTQORVOGUUCIGFWTKPIUGVWR#EVWCNOGUUCIGUVJCVEQWNFDGFKURNC[GFCTG'PVGT
QTFGTPWODGT'PVGTFTKXGTPWODGT'PVGTVTCKNGTPWODGTGVE6JGTGURQPUGKUVQGPVGTVJG
FGUKTGFPWODGTHTQOQPGVQGKIJVFKIKVUCPFVJGPRTGUUVJG'06'4MG[+HRTQITCOEQFG
2TQORVVKOGQWV U JCUDGGPFGHKPGFCPFPQGPVT[KUOCFGYKVJKPVJGVKOGQWVVKOGRGTKQFVJG
4GEKRG5GNGEVKQP&KURNC[YKNNDGTGFKURNC[GFVQCNNQYTGUVCTVKPIVJGDCVEJFGNKXGT[UGVWRRTQEGFWTG
+HCPGTTQTKUOCFGFWTKPIVJGPWOGTKEGPVT[RTGUUVJG%.'#4MG[CPFTGGPVGTVJGPWODGT+H
CPKPXCNKFPWODGTKUGPVGTGFCPFCEEGRVGFRTGUUVJG561224+06MG[VQVGTOKPCVGCPFTGUVCTV
VJGVTCPUCEVKQP+HCPGPVT[KUPQVTGSWKTGFRTGUUVJG'06'4MG[VQEQPVKPWG#HVGTCNNQPGVQ
HKXGFCVCKVGOUJCXGGKVJGTDGGPGPVGTGFQTD[RCUUGFVJG.QCFKPI&KURNC[CUUJQYPKP(KIWTG
YKVJVJG'PVGTRTGUGVSWCPVKV[RTQORVKURTGUGPVGFVQVJGWUGTQRGTCVQT
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+H FCVC KVGO GPVTKGU JCXG PQV DGGP FGHKPGF KP VJG UGVWR RTQEGFWTG VJG .QCFKPI &KURNC[ KU
RTGUGPVGFCUUJQYPKP(KIWTGYKVJVJG'PVGTRTGUGVSWCPVKV[RTQORVFKURNC[GF
6JGSWCPVKV[VQFGNKXGTKUGPVGTGFYKVJVJGPWOGTKEMG[RCF+HCPGPVT[GTTQTKUOCFGRTGUUVJG
%.'#4MG[VQTGUGVVJGGPVT[CPFUVCTVCICKP+HVJGGPVT[KUEQTTGEVRTGUUVJG'06'4MG[VQ
CEEGRV VJG GPVT[ CPF EQPVKPWG +H VJG UGNGEVGF TGEKRG EQORQPGPV RGTEGPVCIGU CPF EQORQPGPVU
URGEKHKGF D[ RTQITCO EQFG 5GSWGPEG VQ NQCF RTQITCO EQFG FQ PQV GSWCN
RGTEGPVVJGOGUUCIG+PXCNKFTGEKRG RGTEGPVCIGU KUFKURNC[GFQPVJGOGUUCIGNKPGCVVJKUVKOG
6JKUUGVWRGTTQTEQPFKVKQPECPDGEQTTGEVGFD[UGNGEVKPIVJG2TQITCO/QFG 5GVWR/GPW
4GEKRGURTQITCOEQFGUCPFTGXKUKPIGKVJGTVJGRGTEGPVCIGUQHVJGKPFKXKFWCNEQORQPGPVUURGEKHKGF
D[VJGNQCFKPIUGSWGPEGCPFQTVJGNQCFKPIUGSWGPEGRTQITCOEQFG+HVJGGPVGTGFXCNWGKUNGUU
VJCPVJGXCNWGQHRTQITCOEQFG/KPKOWORTGUGVSV[VJGOGUUCIG+PXCNKFGPVT[NGUUVJCP
OKPKOWOKUFKURNC[GFQPVJGOGUUCIGNKPGQHVJGFKURNC[RCPGN2TGUUVJG%.'#4MG[VQTGUGV
VJG GPVT[ CPF UVCTV CICKP +H VJG GPVGTGF XCNWG KU ITGCVGT VJCV VJG XCNWG QH RTQITCO EQFG
/CZKOWORTGUGVSV[VJGOGUUCIG+PXCNKFGPVT[OQTGVJCPOCZKOWOKUFKURNC[GFQPVJGOGUUCIG
NKPGQHVJGFKURNC[RCPGN2TGUUVJG%.'#4MG[VQTGUGVVJGGPVT[CPFUVCTVCICKP
+HVJGOCPWCNGPVT[RCUUGUVJGJKIJCPFNQYRTGUGVSWCPVKV[XCNKFCVKQPEJGEMUVJG2TGUGVCPF
4GOCKPKPIHKGNFXCNWGUCTGUGVVQVJGGPVGTGFXCNWGVJG&GNKXGTGFXCNWGKUUGVVQ\GTQCPFVJG
OGUUCIG2TGUU56#46YJGPTGCF[QT5612VQECPEGN KU FKURNC[GFQPVJGOGUUCIGNKPGQHVJG
FKURNC[RCPGN+HVJG561224+06MG[KURTGUUGFCVVJKUVKOGVJGDCVEJFGNKXGT[VJCVKUUGVWR
KUCDQTVGF6JGOGUUCIG2NGCUGYCKVKUFKURNC[GFQPVJGOGUUCIGNKPGQHVJGFKURNC[RCPGNCPFVJGP
VJG4GEKRG5GNGEVKQP&KURNC[KUTGFKURNC[GFVQCNNQYTGGPVT[QHCPGYDCVEJFGNKXGT[FGHKPKVKQP
#P[QRGPVTCPUCEVKQPKUCNUQVGTOKPCVGFD[VJKUCEVKQP
6JG ITGGP .'& 10 KPFKECVGU VJCV VJG GPXKTQPOGPV KU UCHG HQT VJG NQCFKPI QRGTCVKQP +H CNN
RGTOKUUKXGEKTEWKVUCTGPQVKPVJGUCHGUVCVGVJGEQTTGURQPFKPICNCTOOGUUCIG %QPPGEVUCHGV[
EKTEWKVGVE KUFKURNC[GF
6JGHQNNQYKPIOGUUCIGUGSWGPEGKUFKURNC[GFQPVJGOGUUCIGNKPGQHVJGFKURNC[RCPGNFWTKPIC
PQTOCNDCVEJFGNKXGT[QRGTCVKQP
1RGPDNQEMXCNXGRTGUU'06'4
6JKUOGUUCIGCPFQRGTCVQTGPVT[KUQPN[TGSWKTGFKHVJGUGNGEVGFWPKVV[RGKU5GS OCPWCN
OCPWCNUGSWGPVKCNDNGPFGT
1RGPKPIDNQEMXCNXG
6JGDNQEMXCNXGHQTVJGEQORQPGPVKUDGKPIQRGPGF
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
.KPGRCEMFGNC[
6JGRWORHQTVJGEQORQPGPVKUTWPPKPICPFVJGNQCFKPINKPGKUDGKPIRCEMGF
4CORKPIWRVQJKIJHNQYTCVG
6JGHNQYEQPVTQNXCNXGQTXCNXGUCTGQRGPKPIKPUVCIGUVQKPETGCUGVJGHNQYTCVGVQVJG
OCZKOWORTGFGHKPGFHNQYTCVG
.QCFKPRTQITGUU
6JGDCVEJFGNKXGT[KUKPRTQITGUUKPCPQTOCNOCPPGT
4CORKPIFQYPVQNQYHNQYTCVG
6JG HNQY EQPVTQN XCNXG QT XCNXGU CTG ENQUKPI KP UVCIGU VQ FGETGCUG VJG HNQY TCVG VQ VJG
RTGFGHKPGFNQYHNQYTCVG
5JWVVKPIXCNXG
#NNQRGPHNQYEQPVTQNXCNXGUCTGENQUGF$NQEMXCNXGUCTGENQUGFKHVJGWPKVKUPQVCOCPWCN
UGSWGPVKCNDNGPFGT
%NQUGDNQEMXCNXGRTGUU'06'4
6JKUOGUUCIGCPFQRGTCVQTGPVT[KUQPN[TGSWKTGFKHVJGUGNGEVGFWPKVV[RGKU5GS OCPWCN
OCPWCNUGSWGPVKCNDNGPFGT
6JGHQNNQYKPIVCUMUCTGRGTHQTOGFFWTKPIVJGDCVEJFGNKXGT[QRGTCVKQP
7RVQHQWTFGNKXGT[HNQYTCVGUECPDGFGHKPGFHQTGCEJHNQYOGVGTHNQYEQPVTQNXCNXG
EQODKPCVKQP6JG&CP.QCFCNYC[UCVVGORVUVQFGNKXGTVJGRTQFWEVCVVJGOCZKOWO
FGHKPGFHNQYTCVGGZEGRVFWTKPINQYHNQYUVCTVWRCPFUJWVFQYPVKOGU6JGTCVGQHHNQYKU
EQPVTQNNGFCWVQOCVKECNN[YKVJQWVKPVGTCEVKQPYKVJVJGWUGTQRGTCVQT+HVJGJKIJGUVFGHKPGF
HNQYTCVGECPPQVDGOCKPVCKPGFHQTUQOGTGCUQPVJG&CP.QCFYKNNUGVVJGHNQYTCVG
CVVJGPGZVJKIJGUVOCKPVCKPCDNGHNQYTCVGYJKEJKUUGNGEVGFKPVJGUGVWRCPFRGTKQFKECNN[
CVVGORVVQKPETGCUGVJGHNQYTCVGVQVJGOCZKOWOFGHKPGFHNQYTCVG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
7RVQUKZCFFKVKXGUECPDGKPLGEVGFKPVQVJGFGNKXGTGFDCVEJ6JGTCVKQQHVJGSWCPVKV[QH
GCEJCFFKVKXGVQVJGFGNKXGTGFDCVEJSWCPVKV[KUCWVQOCVKECNN[EQPVTQNNGF
#NN RGTOKUUKXG KPRWVU CTG OQPKVQTGF EQPVKPWQWUN[ HQT CDPQTOCN EQPFKVKQPU #P QRGP
RGTOKUUKXG EKTEWKV YKNN ECWUG VJG ITGGP .'& KPFKECVQT VQ VWTP 1(( KPFKECVKPI PQ
RGTOKUUKXGRQYGTECWUGCPCNCTOOGUUCIGVQCRRGCTQPVJGOGUUCIGNKPGQHVJGFKURNC[
RCPGNCPFOC[UWURGPFVJGDCVEJFGNKXGT[FGRGPFKPIQPVJGFGHKPGFEQPVTQNRCTCOGVGTU
#NN RTQEGUU XCTKCDNGU CTG OQPKVQTGF EQPVKPWQWUN[ CPF EQORCTGF VQ NKOKV UGVRQKPVU
#DPQTOCNRTQEGUUEQPFKVKQPUYKNNECWUGCPCNCTOCPFVJGEQTTGURQPFKPIOGUUCIGVQCRRGCT
QPVJGOGUUCIGNKPGQHVJGFKURNC[RCPGNCPFOC[UWURGPFVJGDCVEJFGNKXGT[FGRGPFKPI
QPVJGFGHKPGFEQPVTQNRCTCOGVGTU
4GCNVKOGRTQEGUUKPRWVFCVCCPFECNEWNCVGFRTQEGUUFCVCUWEJCUTGCNVKOGHNQYTCVGU
CXGTCIG VGORGTCVWTGU GVE ECP DG OQPKVQTGF D[ VJG &[PCOKE &CVC &KURNC[ YKPFQY
YJKEJ KU FKURNC[GF KP VJG EGPVGT CTGC QH VJG .QCFKPI &KURNC[ 6JG 5'.'%6 MG[ KU
RTGUUGFVQCEVKXCVGVJG&[PCOKE&CVC&KURNC[YKPFQY6JGCPFCTTQYMG[UCTGWUGF
VQEJCPIGFKURNC[RCIGU QPGVQHQWTFKURNC[RCIGUYKVJHQWTFCVCKVGOUKPGCEJFKURNC[
RCIGHQTCVQVCNQHWRVQUKZVGGPFKHHGTGPVKVGOUECPDGRTGFGHKPGF 6JG%.'#4MG[
TGOQXGUVJG&[PCOKE&CVC&KURNC[YKPFQYCPFTGFKURNC[UVJGUVCPFCTF.QCFKPI&KURNC[
6JGDCVEJFGNKXGT[ECPDGVGORQTCTKN[UWURGPFGFD[RTGUUKPIVJG561224+06MG[6JG
DCVEJ FGNKXGT[ ECP DG TGUVCTVGF KH VJG SWCPVKV[ TGOCKPKPI VQ FGNKXGT KU ITGCVGT VJCP VJG
OKPKOWORTGUGVSWCPVKV[CPFCNNRGTOKUUKXGEKTEWKVUCTGENQUGFKPFKECVKPIVJCVVJGU[UVGO
KUUCHGCPFTGCF[HQTDCVEJFGNKXGT[
+HCRQYGTHCKNWTGQEEWTUFWTKPICDCVEJFGNKXGT[QRGTCVKQPVJG&CP.QCFUCXGUVJG
FCVGCPFVKOGQHVJGRQYGTHCKNWTGKPPQPXQNCVKNGOGOQT[CPFKPFKECVGUVJKUKPCOGUUCIG
QPVJGHKTUVFKURNC[RTGUGPVGFYJGPRQYGTKUTGUVQTGFVQVJGKPUVTWOGPV
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG&CP.QCFTCORUFQYPVQVJGNQYHNQYTCVG QTUVQRTCVGHQTCPKPNKPGDNGPFKPI
CRRNKECVKQP CVCEQPHKIWTCDNGSWCPVKV[HTQOVJGGPFQHCDCVEJ6JGXCNXGUCTGHKPCNN[
EQOOCPFGFVQENQUG HWNN[ KGVJGéHKPCNVTKRRQKPVêKUTGCEJGFDCUGFQPVJGCXGTCIG
XCNWG QH VJG HKXG OQUV TGEGPVN[ VCMGP éXCNXG ENQUWTG RWNUG UCORNGUê HQT VJG
EQORQPGPVXCNXG EQODKPCVKQP # XCNXG ENQUWTG RWNUG UCORNG KU VJG PWODGT QH RWNUGU
DGVYGGPEQOOCPFKPIVJGXCNXGVQENQUG FGGPGTIK\KPIVJGXCNXGUQNGPQKFU CPFVJGHNQY
TCVGFTQRRKPIVQ\GTQ \GTQHNQYTCVGDGKPIFGHKPGFCUUGEQPFUYKVJQWVCUKPINGRWNUG
DGKPITGEQTFGF +HVJGDCVEJVGTOKPCVGUPQTOCNN[KGHNQYKUUVCDNGCVVJGNQYHNQYTCVG
CVVJGHKPCNVTKRRQKPVCPFVJGTGKUPQCNCTO UWEJCUéWPCDNGVQENQUGXCNXGê CPGYXCNXG
ENQUWTGRWNUGUCORNGKUVCMGPCPFCPGYCXGTCIGKUEQORWVGFVQDGWUGFHQTVJGPGZVDCVEJ
016'+HVJGNQYHNQYUVQRSWCPVKV[KUVQQUOCNNKVOC[PQVDGRQUUKDNGHQTVJGHNQYTCVG
VQUVCDKNK\GCVVJGNQYHNQYTCVGKGYKVJKPVJGFGCFDCPFRTKQTVQTGCEJKPIVJGHKPCNVTKR
RQKPVKPYJKEJECUGVJGHNQYEQPVTQNXCNXGENQUWTGUCORNGHQTVJCVDCVEJYKNNPQVDGWUGF
016' 6JG XCNXG ENQUWTG RWNUG UCORNGU CTG UVQTGF KP PQPXQNCVKNG DCVVGT[DCEMGF
OGOQT[ 016' 6JG XCNXG ENQUWTG PWODGT QH RWNUGU FGRGPFU QP NKPG RTGUUWTG
RCTVKEWNCTN[HQTJ[FTCWNKECNN[QRGTCVGFHNQYEQPVTQNXCNXGUYJKEJENQUGOQTGUNQYN[YJGP
NKPGRTGUUWTGKUNQY CPFVJGTGRGCVCDKNKV[QHVJGNQYHNQYTCVG RCTVKEWNCTN[YKVJVYQUVCIG
HNQYEQPVTQNXCNXGU
9JGPVJG&CP.QCFKUKPVJGKFNGTGCF[UVCVGVJG.QCFKPI&KURNC[KURTGUGPVGFVQ
VJG WUGT QRGTCVQT YKVJ VJG RTQORV 'PVGT RTGUGV SWCPVKV[ 6JG RTGXKQWUN[ FGNKXGTGF
SWCPVKV[KUKPFKECVGFKPVJG.QCFGFHKGNFCPFVJG4GOCKPKPIHKGNFKPFKECVGU6JG.QCFKPI
&KURNC[TGOCKPUKPVJKUUVCVGWPVKNVJGWUGTQRGTCVQTKPKVKCVGUCPGYDCVEJFGNKXGT[ RCTV
QHVJGQRGPVTCPUCEVKQP D[GPVGTKPIVJGSWCPVKV[VQDGFGNKXGTGF1TVJGQRGPVTCPUCEVKQP
KUENQUGFD[RTGUUKPIVJG561224+06MG[YKVJQWVCDCVEJFGNKXGT[KPRTQITGUU
'CEJFGNKXGTGFDCVEJSWCPVKV[VQVCNYKNNDGEQODKPGFKPVJGVTCPUCEVKQPFGNKXGTGFVQVCNWPVKN
VJG561224+06MG[KURTGUUGFYJGPCFGNKXGT[KUPQVKPRTQITGUU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#FFKVKXG+PLGEVKQP
#FFKVKXGU ECP DG CWVQOCVKECNN[ KPLGEVGF KPVQ VJG FGNKXGTGF RTQFWEV QT EQORQPGPV DNGPF 6JG
CFFKVKXGXQNWOGKPTGNCVKQPVQVJGFGNKXGTGFRTQFWEVXQNWOGKUWUWCNN[XGT[UOCNNV[RKECNN[NGUU
VJCPHQWTRGTEGPVQHVJGFGNKXGTGFSWCPVKV[6JGDCUKEHGCVWTGUQHVJGCFFKVKXGKPLGEVKQPQRGTCVKQPU
CTGNKUVGFDGNQY
#NNQYQPGCFFKVKXGVQDGUGNGEVGFCWVQOCVKECNN[DCUGFQPVJGUGNGEVGFTGEKRGPWODGTVQ
&GNKXGT[ QH TGEKRG VQ CEVKXCVGU KPLGEVKQP QH VJG EQTTGURQPFKPI CFFKVKXG VQ
&KHHGTGPV KPLGEVKQP OGVJQFU CFFKVKXG KPLGEVQT V[RGU HQT GCEJ NQIKECN CFFKVKXG CTG CNUQ
RGTOKVVGF
#NNQYCFFKVKXGUVQDGUGNGEVGFHTQOVJGVGTOKPCNCWVQOCVKQPU[UVGOCPFQTCFKUETGVG
UGNGEVKQPKPRWVHQTGCEJCFFKVKXGCPFOCPWCNUGNGEVKQPYKVJVJGMG[RCFYJKNGXKGYKPIVJG
#FFKVKXG5GNGEVKQP&KURNC[
1RVKQP #EEWOWNCVGCPFQTXGTKH[VJGSWCPVKV[VQVCNUYKVJFCVCNQIIKPIQHVJGKPLGEVGF
CFFKVKXGU
1RVKQP &GNKXGTCENGCPNKPGSWCPVKV[YKVJQWVCFFKVKXGKPLGEVKQPCVVJGGPFQHGCEJ
NQCFKPIQRGTCVKQP#FFKVKXGKPLGEVKQPTCVKQKUOCKPVCKPGFEQTTGEVN[YKVJQTYKVJQWVENGCP
NKPGNQCFKPIKORNGOGPVGF
1RVKQP +PJKDKVCFFKVKXGKPLGEVKQPHQTRCTVQHCDCVEJNQCF
6JG&CP.QCFECPDGEQPHKIWTGFVQRTQXKFGGKVJGTCP#%QT&%EQPVTQNQWVRWVVQ
UGNHEQPVTQNNGF QT CWVQOCVKE CFFKVKXG KPLGEVKQP U[UVGOU VJCV TGSWKTG C QPGVQQPG FTKXG
UKIPCN+PCFFKVKQPGKVJGTCP#%QT&%UVCVWUKPRWV FGHCWNV5CHGV[EKTEWKV ECPFGVGEV
CPCNCTOEQPFKVKQPHTQOVJGCFFKVKXGKPLGEVQT
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CVC.QIIKPI
6JKUUWDUGEVKQPEQPVCKPUKPHQTOCVKQPQPVJGFCVCNQIIKPICPFTGRQTVKPIECRCDKNKVKGUQHC&CP.QCF
GSWKRRGFYKVJCPQRVKQPCN&7#46DQCTF6JGFCVCNQIIKPIHGCVWTGCNNQYUVJG&CP.QCF
VQ IGPGTCVG CP CWFKV VTCKN HQT FQEWOGPVCVKQP QH QRGTCVKQP QH VJG NQCFKPI U[UVGO 6JG
HWPEVKQPRTQXKFGUCEQUVGHHGEVKXGOCPWCNDCEMWRFQEWOGPVCVKQPU[UVGOHQTWUGKHVJGVGTOKPCN
CWVQOCVKQPU[UVGOHCKNU
6JGRTQITCOEQFGUNKUVGFDGNQYYKVJVJGGZEGRVKQPQHRTQITCOEQFGUCPFCTGWUGFVQ
GPCDNG QT FKUCDNG CWVQOCVKE NQIIKPI QH VJG EQTTGURQPFKPI FCVC 2TQITCO EQFG KU WUGF VQ
GPCDNGQTFKUCDNGRTKPVKPIQHFCVCNQIUGSWGPEGPWODGTUQPGCEJFCVCNQI6JGUGSWGPEGPWODGTU
CTG RTKPVGT UGSWGPVKCN +H OWNVKRNG RTKPVGTU CTG CVVCEJGF VQ VJG &CP.QCF UGSWGPEG
PWODGTKPIHQTGCEJRTKPVGTKUKPFGRGPFGPV
2TQITCO%QFG.QI(WPEVKQP
$CVEJUWOOCT[
6TCPUCEVKQPUWOOCT[
#NCTONQI
2QYGTHCKNNQI
RTQITCOOQFGGPVT[GZKV
9/UYKVEJQRGPGFENQUGF
2TQITCOXCNWGEJCPIGNQI
%QPHKIWTCVKQPUWOOCT[
%TCUJOGOQT[UWOOCT[
6QVCNK\GTU
6TCPUCEVKQPVKEMGV
6TCPUCEVKQPVKEMGVTGRTKPV
6JTWRWV
5GSWGPEGPWODGTU
%WVQHHJQWT
%QFGQRGTCVGFUYKVEJCVVTKDWVGUCTGHQWPFKP5GEVKQP
&CVC NQIIKPI WUWCNN[ KPXQNXGU UGPFKPI VJG GPCDNGF TGRQTVU FCVC VQ C EQOOQP EQNWOP FQV
OCVTKZRTKPVGT*QYGXGTFCVCNQIUECPDGUGPVVQCRGTUQPCNEQORWVGTQTCP[QVJGTFCVCNQIIKPI
FGXKEGVJCVECPJCPFNGUGTKCNKPRWV#5%++FCVCYKVJC%4 ECTTKCIGTGVWTP CPF.( NKPGHGGF CV
VJGGPFQHGCEJNKPGQHFCVC
&CVCKUUGPVHTQOVJG&CP.QCFVQVJGRTKPVGTQTNQIIKPIFGXKEGCUGCEJGXGPVQEEWTU6JKU
OGVJQFQHQRGTCVKQPKUECNNGFGXGPVNQIIKPI.QIUCTGPQVUVQTGFKPVJG&CP.QCF*QYGXGT
KHVJG&CP.QCFFGVGEVUVJCVVJGRTKPVGTQTNQIIKPIFGXKEGKUQHHNKPGNQIUCTGJGNFKPOGOQT[
WPVKNGKVJGTVJGRTKPVGTNQIIKPIFGXKEGDGEQOGUQPNKPGVJGPVJGUVQTGFNQIUCTGRTKPVGFQTVJG
NQIOGOQT[KUHWNN6JGCEVKQPVCMGPKHVJGFCVCNQIIKPIOGOQT[DGEQOGUHWNNKUURGEKHKGFD[
RTQITCOEQFG&CVCNQIIKPICNCTOCEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GXGTCN&CP.QCF UECPUJCTGQPGFCVCRTKPVGTQTNQIIKPIFGXKEG2TKPVGTUJCTKPITGSWKTGU
CURGEKCNFGXKEGVJCVCEEGRVUVJGUGTKCNFCVCNKPMHTQOGCEJ&CP.QCFCPFRTQXKFGUQPGUGTKCN
FCVCNKPMVQVJGRTKPVGT
6JGVGZVNCPIWCIGQHVJGFCVCNQIUKUURGEKHKGFD[RTQITCOEQFG.CPIWCIG
'ZCORNG&CVC.QIU
#PGZCORNGQHGCEJV[RGQHFCVCNQICUUQEKCVGFYKVJPQTOCNDCVEJFGNKXGTKGUCPFVTCPUCEVKQPUKU
RTQXKFGFDGNQY6JG%TCUJOGOQT[UWOOCT[NQIKUFGUETKDGFKP5GEVKQP(CWNV#PCN[UKU
%QTTGEVKQP#DTKGHFGUETKRVKQPQHVJGEQPVGPVUQHGCEJHKGNFHQNNQYUVJGFCVCNQIGZCORNG
$CVEJ5WOOCT[
%DWFK 3UHVHW *URVV 6WG EDWFK GDWD
6WDUWHG ;;;;;;;; 6WRSSHG ;;;;;;;;
*URVV 6WG 7HPS 'HQV 3UHV
*DO *DO 'HJ & OEIW SVL IURP 3& V
&RPSRQHQW ,'; &RPSRQHQW GDWD
&RPSRQHQW ,';
&RPSRQHQW ,';
&RPSRQHQW ,';
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#DCVEJUWOOCT[KUIGPGTCVGFCWVQOCVKECNN[CVVJGGPFQHGCEJDCVEJFGNKXGT[QTYJGPRQYGTKU
TGUVQTGFCHVGTCRQYGTQWVCIGQEEWTTGFFWTKPICDCVEJFGNKXGT[6JGHKGNFUEQPVCKPGFKPVJG$CVEJ
5WOOCT[CTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU QP VJG QRVKQPCN
&7#46DQCTF
6TCPUCEVKQP #UGSWGPVKCNPWOGTKEXCNWGIGPGTCVGFKPVGTPCNN[HQTKFGPVKHKECVKQPQHGCEJ
VTCPUCEVKQP
5KFG 6JGNQCFKPIKUNCPFUKFGYJGTGVJGFGNKXGT[YCUOCFG
4GEKRG 6JGPCOGQHVJGTGEKRGVJCVEQPVTQNNGFVJGFGNKXGT[
'PVGTFCVCKVGO
7RVJGHKXGFCVCRTQORVUCPFEQTTGURQPFKPIOCPWCNN[GPVGTGFPWOGTKEFCVC
6JGPWODGTQHNKPGURTKPVGFKUFGRGPFGPVQPVJGPWODGTQHFCVCRTQORVU
FGHKPGFD[RTQITCOEQFG0WODGTQH FCVC KVGORTQORVU&CVCKVGO
RTQORVUCTGTGFGHKPGFD[VJGCNRJCPWOGTKEGPVTKGUHQTRCTCOGVGTUVQ
Z'PVGTFCVCKVGOZ 6JGEQTTGURQPFKPIXCNWGURTKPVGFVQVJG
TKIJVQHVJGRTQORVOGUUCIGUCTGVJGOCPWCNGPVTKGUHTQOVJGUVCTVQHVJG
DCVEJFGNKXGT[
$CVEJ #UGSWGPVKCNPWOGTKEXCNWGIGPGTCVGFKPVGTPCNN[HQTKFGPVKHKECVKQPQHGCEJ
DCVEJ FGNKXGT[ VJKU TQY TGEQTF CNUQ EQPVCKPU VJG ITQUU SWCPVKV[
FGNKXGTGFCPFVJGUVCPFCTFSWCPVKV[FGNKXGTGF UWOQHCNNEQORQPGPVU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TGUGV 6JGRTGUGVSWCPVKV[QDVCKPGFHTQOVJGDCVEJFCVCGPVT[
)TQUU 6JGCEEWOWNCVGFITQUUSWCPVKV[HQTVJGEQORQUKVGDCVEJFGNKXGT[
5VF 6JGCEEWOWNCVGFUVCPFCTFSWCPVKV[HQTVJGEQORQUKVGDCVEJFGNKXGT[
5VCTVGF &CVGCPFVKOGVJGFGNKXGT[UVCTVGF
5VQRRGF &CVGCPFVKOGVJGFGNKXGT[UVQRRGF
%QORQPGPV
1PGTQY TGEQTF HQTGCEJFGNKXGTGFEQORQPGPVYKVJVJGHQNNQYKPIFCVC
KPFKECVGF
)TQUUSWCPVKV[FGNKXGTGFQHVJKUEQORQPGPVVJGGPIKPGGTKPIWPKVU
NCDGNKUQDVCKPGFHTQORTQITCOEQFG2TQFWEV7PKVU
#XGTCIGFGPUKV[QHVJKUEQORQPGPVVJGGPIKPGGTKPIWPKVUNCDGNKU
QDVCKPGFHTQORTQITCOEQFG&GPUKV[WPKVU
#XGTCIGRTGUUWTGQHVJKUEQORQPGPVVJGGPIKPGGTKPIWPKVUNCDGNKU
QDVCKPGFHTQORTQITCOEQFG2TGUUWTGWPKVU
#FFKVKXG 6JGWPKVUCPFHQTOCVKPYJKEJCFFKVKXGXQNWOGUCTGFKURNC[CPFRTKPVGF
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6TCPUCEVKQP5WOOCT[
#VTCPUCEVKQPUWOOCT[KUIGPGTCVGFCWVQOCVKECNN[CVVJGGPFQHGCEJVTCPUCEVKQPEQPUKUVKPIQHQPG
QTOWNVKRNGDCVEJFGNKXGTKGUQTYJGPRQYGT KU TGUVQTGFCHVGTCRQYGTQWVCIGQEEWTTGFYJKNGC
VTCPUCEVKQPKUKPRTQITGUU6JGHKGNFUEQPVCKPGFKPVJG6TCPUCEVKQP5WOOCT[CTGFGUETKDGFDGNQY
5VCTVITQUU'PFITQUU
5VCTVUVF'PFUVF
6JGITQUUCPFUVCPFCTFSWCPVKV[UCTGKPFKECVGFHQTGCEJCEVKXGHNQYOGVGT
/GVGTOVQVCNK\GT
#NCTO
Unit nnn mm/dd/yy hh:mm:ss -- Alarm aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
#PCNCTONQIKUIGPGTCVGFCWVQOCVKECNN[YJGPCPCNCTOEQPFKVKQPKUFGVGEVGFHQTCNCTOUYJKEJ
JCXGVJGCNCTOCEVKQPCVVTKDWVGUGVVQ2TKOCT[QT5GEQPFCT[6JGHKGNFUEQPVCKPGFKPVJG#NCTO
NQICTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU Q VJG QRVKQPCN
&7#46DQCTF
VKOG &CVGCPFVKOGVJCVVJGCNCTOEQPFKVKQPYCUFGVGEVGF
OGUUCIG #NCTOOGUUCIGOGUUCIGUCTGKPFKECVGFKP5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2QYGT(CKNWTG&CVGCPF6KOG
#RQYGTHCKNWTGNQIKUIGPGTCVGFCWVQOCVKECNN[YJGPRQYGTKUTGUVQTGFVQVJG&CP.QCF6JG
HKGNFUEQPVCKPGFKPVJG2QYGTHCKNWTGNQICTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU QP VJG QRVKQPCN
&7#46DQCTF
VKOG 6JGEWTTGPVFCVGCPFVKOGCPFVJGFCVGCPFVKOGVJCVRQYGTYCUTGOQXGF
HTQOVJG&CP.QCF
2TQITCO/QFG'PVT[CPF'ZKV
Unit nnn mm/dd/yy hh:mm:ss -- User aaaaaaaaaaaaaaaa entered program mode
Unit nnn mm/dd/yy hh:mm:ss -- User aaaaaaaaaaaaaaaa exited program mode
#RTQITCOOQFGGPVT[GZKVNQIKUIGPGTCVGFCWVQOCVKECNN[YJGPGXGTVJGRTQITCOOQFGKUGPVGTGF
QTGZKVGF6JGHKGNFUEQPVCKPGFKPVJGRTQITCOOQFGGPVT[GZKVNQICTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU QP VJG QRVKQPCN
&7#46DQCTF
VKOG &CVGCPFVKOGQHVJGGXGPV
7UGT 6JGWUGTQRGTCVQTPCOGQDVCKPGFHTQORTQITCOEQFG7UGT
+&RCTCOGVGTGPVT[
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
9GKIJVUCPF/GCUWTGU5YKVEJ
Unit nnn mm/dd/yy hh:mm:ss -- Weights and measures switch opened
Unit nnn mm/dd/yy hh:mm:ss -- Weights and measures switch closed
#YGKIJVUCPFOGCUWTGUUYKVEJNQIKUIGPGTCVGFCWVQOCVKECNN[YJGPGXGTVJGUVCVGQHVJGYGKIJVU
CPFOGCUWTGUUYKVEJNQECVGFQPVJGQRGTCVQTEQPVTQNRCPGNKUEJCPIGF6JGHKGNFUEQPVCKPGFKP
VJG9GKIJVUCPFOGCUWTGUUYKVEJNQICTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU QP VJG QRVKQPCN
&7#46DQCTF
VKOG &CVGCPFVKOGQHVJGGXGPV
OGUUCIG 6JGOGUUCIG9GKIJVUCPFOGCUWTGUUYKVEJQRGPGFQT
9GKIJVUCPFOGCUWTGUUYKVEJENQUGF
2TQITCO%QFG8CNWG%JCPIGF
Unit nnn mm/dd/yy hh:mm:ss -- Program Code Value Changed
User aaaaaaaaaaaaaaaa Value 480 Number of recipes 5
#RTQITCOEQFGXCNWGEJCPIGFNQIKUIGPGTCVGFCWVQOCVKECNN[YJGPGXGTCRTQITCOEQFGXCNWGKU
EJCPIGFHQTCRTQITCOEQFGYJKEJJCUVJG&CVCNQIIKPICVVTKDWVGUGVVQ;GU 0QVG6JKUCVVTKDWVG
FGHCWNVUVQ;GUHQTCNNRTQITCOEQFGUFWTKPIKPKVKCNUVCTVWR EQNFUVCTV 6JGHKGNFUEQPVCKPGFKP
VJGRTQITCOEQFGXCNWGEJCPIGFNQICTGFGUETKDGFDGNQY
7PKV 6JG WPKV CFFTGUU QDVCKPGF HTQO VJG &+2 UYKVEJ UGVVKPIU QP VJG QRVKQPCN
&7#46DQCTF
VKOG &CVGCPFVKOGQHVJGGXGPV
7UGT 6JGWUGTQRGTCVQTPCOGQDVCKPGFHTQORTQITCOEQFG7UGT
+&RCTCOGVGTGPVT[
8CNWG 6JGRTQITCOEQFGPWODGTCPFPCOGHQNNQYGFD[VJGEWTTGPVRTQITCOEQFG
XCNWG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6QVCNK\GTU
6JG VQVCNK\GTU FCVC NQI KU IGPGTCVGF CWVQOCVKECNN[ GXGT[ JQWTU RGT VJG EWVQHH JQWT
RTQITCOEQFG QTQPFGOCPF HQTVJGNCUVEWVQHH HTQOVJGRTQITCOOQFGOGPW
'DWD ORJ VHTXHQFH QXPEHU
8QLW ;;;;;;;;
7RWDOL]HUV ;;;;;;;; /DQJDXJH GHSHQGHQW WH[W DQG FXWRII GDWH DQG WLPH
*URVV 6WG /DQJXDJH GHSHQGHQW WH[W
;;; ;;; &RQILJXUHG XQLWV PQHPRQLF
;;;;; &RQILJXUHG PHWHU ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;
;;;;;
;;;;; 'HSHQGLQJ RQ FRQILJXUHG PHWHUV PD[
;;;;;;;;;;;;;;;; &RQILJXUHG FRPSRQHQW ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;;;;;;;;;;;;
;;;;;;;;;;;;;;;;
;;;;;;;;;;;;;;;; 'HSHQGLQJ RQ FRQILJXUHG FRPSRQHQWV PD[
;;;;;;;;;;;;;;;; &RQILJXUHG UHFLSH ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;;;;;;;;;;;;
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;;;;;;;;;;;;;;;; 'HSHQGLQJ RQ FRQILJXUHG UHFLSHV PD[
;;; &RQILJXUHG DGGLWLYH XQLWV PQHPRQLF
$GGLWLYH /DQJXDJHGHSHQGHQW WH[W DQG WRWDOL]HU IRUPDW GHSHQGV RQ
DGGLWLYH XQLWV
$GGLWLYH
$GGLWLYH
$GGLWLYH
$GGLWLYH
$GGLWLYH 'HSHQGLQJ RQ FRQILJXUHG DGGLWLYHV PD[
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JTWRWV
6JG VJTWRWV FCVC NQI KU IGPGTCVGF CWVQOCVKECNN[ GXGT[ JQWTU RGT VJG EWVQHH JQWT
RTQITCOEQFG QTQPFGOCPF HQTVJGNCUVEWVQHH HTQOVJGRTQITCOOQFGOGPW
'DWD ORJ VHTXHQFH QXPEHU
8QLW ;;;;;;;;
7KUXSXW ;;;;;;;; ;;;;;;;; /DQJXDJH GHSHQGHQW WH[W DQG VWDUW DQG HQG
GDWHV DQG WLPHV
*URVV 6WG /DQJXDJH GHSHQGHQW WH[W
;;; ;;; &RQILJXUHG XQLWV PQHPRQLF
;;;;; &RQILJXUHG PHWHU ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;
;;;;;
;;;;; 'HSHQGLQJ RQ FRQILJXUHG PHWHUV PD[
;;;;;;;;;;;;;;;; &RQILJXUHG FRPSRQHQW ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;;;;;;;;;;;;
;;;;;;;;;;;;;;;;
;;;;;;;;;;;;;;;; 'HSHQGLQJ RQ FRQILJXUHG FRPSRQHQWV PD[
;;;;;;;;;;;;;;;; &RQILJXUHG UHFLSH ,' DQG JURVV DQG VWG WRWDOL]HUV
;;;;;;;;;;;;;;;;
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;;;;;;;;;;;;;;;; 'HSHQGLQJ RQ FRQILJXUHG UHFLSHV PD[
;;; &RQILJXUHG DGGLWLYH XQLWV PQHPRQLF
$GGLWLYH /DQJXDJHGHSHQGHQW WH[W DQG WRWDOL]HU IRUPDW GHSHQGV RQ
DGGLWLYH XQLWV
$GGLWLYH
$GGLWLYH
$GGLWLYH
$GGLWLYH
$GGLWLYH 'HSHQGLQJ RQ FRQILJXUHG DGGLWLYHV PD[
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
Configuration Summary
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#NCTO#PCN[UKU%QTTGEVKQP&KCIPQUVKE6GUVU
6JKUUWDUGEVKQPEQPVCKPUKPHQTOCVKQPQPVJGCPCN[UKUCPFEQTTGEVKQPQHEQOOQPHCWNVEQPFKVKQPU
VJCVECPQEEWTFWTKPIDCVEJFGNKXGT[QRGTCVKQPU
#NCTO OGUUCIGU CPF ECWUGU QH VJG CNCTO OGUUCIGU CTG FGUETKDGF KP 5GEVKQP
#FFKVKQPCNKPHQTOCVKQPQPCNCTORCTCOGVGTUCPFQVJGTRCTCOGVGTUKPNQECVGFKP5GEVKQP
2TQITCO%QFG&GHKPKVKQPU
&KCIPQUVKEVGUVUCXCKNCDNGKPVJG2TQITCO/QFGCTGFGUETKDGFKP5GEVKQP
#%TCUJOGOQT[NQIKUCWVQOCVKECNN[IGPGTCVGFKHGPCDNGFKHCRTQEGUUQTOGOQT[GTTQT
KUFGVGEVGF5GEVKQPEQPVCKPUKPHQTOCVKQPQPVJKUGTTQTNQI
%TCUJOGOQT[NQIUUJQWNFDGUCXGFCPFVJGNQIQEEWTTGPEGTGRQTVGFVQ
&CPKGN/GCUWTGOGPVCPF%QPVTQN
&CPKGN/GCUWTGOGPV5GTXKEGU
6GNGRJQPG
(#:
#HVGTJQWTUGOGTIGPE[CPUYGTKPIUGTXKEG 'NGEVTQPKEU
#WVQOCVKQP
)GPGTCNKPHQTOCVKQPQPCNNCNCTOEQPFKVKQPUCPFOGUUCIGUKURTQXKFGFQPVJGHQNNQYKPIRCIGU
#FFKVKQPCNKPHQTOCVKQPQPCNCTOUKURTQXKFGFKPVJG#NCTOUITQWRRTQITCOEQFGUVQ
CPFVJG+12CTCOGVGTUITQWRRTQITCOEQFGUVQKP5GEVKQP
0QVG
2TKOCT[CNCTOUCTGTGUGVD[NQIIKPIQPYKVJ[QWTRCUUEQFGVQCEVKXCVGVJG2TQITCO/QFG
6JGPWUGVJG FQYPCTTQY FGRGPFKPIQPVJGHKTOYCTGXGTUKQP VQUGNGEV#NCTOTGUGV
2TGUUVJG'PVGTMG[VQENGCTKPFKXKFWCNCNCTOU#HVGTCNCTOUJCXGDGGPENGCTGFRTGUU':+6
#.6 %.'#4 VQTGVWTPVQVJG.QCFKPI/QFG
5GEQPFCT[CNCTOUCTGTGUGVCWVQOCVKECNN[CHVGTVJGVKOGRGTKQFUGVD[RTQITCOEQFG
5GEQPFCT[CNCTOTGUGV UGEU JCUGNCRUGF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#NCTO/GUUCIGU
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JGHNQYTCVGWPKVUHQTRTQITCOEQFG/KPKOWOHNQYTCVG
CTGFGVGTOKPGFD[VJGEQTTGURQPFKPIRTQITCOEQFG
0QOKPCN-HCEVQTHQTVJGHNQYOGVGT )2/.2/
F.2/$2*.$*-)*
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGEQORQPGPVRWORKPI
EKTEWKVHNQYEQPVTQNXCNXGEKTEWKVHNQYOGVGTRTGCORNKHKGTQT
HNQYOGVGTUGPUQT
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JGHNQYTCVGWPKVUHQTRTQITCOEQFG/CZKOWOHNQYTCVG
CTGFGVGTOKPGFD[VJGEQTTGURQPFKPIRTQITCOEQFG
0QOKPCN-HCEVQTHQTVJGHNQYOGVGT )2/.2/
F.2/$2*
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGEQORQPGPVRWORKPI
EKTEWKVHNQYEQPVTQNXCNXGEKTEWKVQTHNQYOGVGTEKTEWKV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JGCNCTOCEVKQPKUKPVGTPCNN[UGVVQ2TKOCT[
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGHNQYEQPVTQNXCNXGEKTEWKV
RTQITCOEQFG.QYHNQYUVQRSV[VQQUOCNN
WPUVCDNGHNQYTCVGFWTKPINQYHNQYUVQR-HCEVQTVQUOCNN KPUWHHKEKGPV
RWNUGTCVGKPRWVHQTHTGSWGPE[ECNEWNCVKQP HNQYEQPVTQNXCNXGLCOOGF
12'0D[FGDTKUQTOGEJCPKECNHCKNWTG
#HVGTXCNXGKUTGRCKTGFQTCFLWUVGFVJG&CP.QCFYKNNPGGFVQ
FGNKXGTCOKPKOWOQHVJTGGDCVEJGUKPQTFGTVQFGVGTOKPGVJGXCNXG
ENQUWTGVKOG
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGHNQYEQPVTQNXCNXGEKTEWKV
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGHNQYOGVGTEKTEWKV DCF
RTGCORNKHKGTQTRWNUGKPRWVYKTKPI RWOREKTEWKVVJGEQORQPGPVDNQEM
XCNXGEKTEWKVQTVJGHNQYEQPVTQNXCNXGEKTEWKVHCKNWTGQHOGVGTRWNUG
DQCTFQTOCKPRTQEGUUQTDQCTF
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JGCNCTOCEVKQPKUKPVGTPCNN[UGVVQ2TKOCT[
6JKUCNCTOKUVTKIIGTGFD[RTQDNGOUKPVJGDNQEMXCNXGQTHNQYEQPVTQNXCNXGEKTEWKV
UWEJCUCOGEJCPKECNHCKNWTG DCF1TKPIUGVE QHVJGXCNXGQTRWNUCVKQPQHVJG
RTQFWEVECWUGFD[OWNVKRNGCTOUXCNXGURWORUKPVJGUCOGEKTEWKVKPWUGCVVJG
UCOGVKOG6JGCNCTOKUCNUQVTKIIGTGFKHGKVJGTVJGPQTOCNN[ENQUGFQTPQTOCNN[
QRGPUVGOUYKVEJGU UVGOUYKVEJGUCPFTGURGEVKXGN[ QTDQVJCTGEQPHKIWTGF
RTQITCOEQFGUCPFHQTXCNXGGVE
#HVGTXCNXGKUTGRCKTGFQTCFLWUVGFVJG&CP.QCFYKNNPGGFVQFGNKXGTC
OKPKOWOQHVJTGGDCVEJGUKPQTFGTVQFGVGTOKPGVJGXCNXGENQUWTGVKOG
5GG5GEVKQPCPF5GEVKQPHQTCFFKVKQPCNKPHQTOCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JGCNCTOCEVKQPKUKPVGTPCNN[UGVVQ2TKOCT[
6JGRWNUGUGEWTKV[NGXGN$KUFGVGTOKPGFD[CPGNGEVTQPKEOQFWNGKPUVCNNGFQP
VJGOGVGTRWNUGKPRWVDQCTF4GHGTGPEG$TKVKUJUVCPFCTF+2QT#2+
UVCPFCTF/2/5%JCRVGT5GEVKQPCPFRTQITCOEQFGFGUETKRVKQPUKP
5GEVKQPQHVJKUOCPWCN
6JKUCNCTOKUVTKIIGTGFD[RWNUGEQORCTKUQPGTTQTUDGVYGGPVYQRWNUGVTCKP
KPRWVUHTQOCUKPINGHNQYOGVGT%CWUGUQHGTTQTUCTG#$KPRWVRWNUG
VTCKPUTGXGTUGFRTGCORNKHKGTHCKNWTGYKTKPIHCKNWTG
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
6JKUCNCTOKUVTKIIGTGFYJGPVJGFCVCNQIIKPIOGOQT[DGEQOGUHWNN
6JKUEQPFKVKQPKUWUWCNN[ECWUGFD[VJGFCVCNQIIKPIRTKPVGTDGKPIQHHNKPG
QWVQHRCRGTQTQVJGTYKUGPQVCXCKNCDNG6JGFCVCNQIIKPIHWPEVKQPKU
GPCDNGFQTFKUCDNGFD[VJG&CVCNQIIKPIRCTCOGVGTU
6KOGQWVEJ# U VQ
6KOGQWVEJ$ U VQ
0QVG
6JGUGRTQITCOEQFGUUGVVJGVKOGQWVKPUGEQPFUHQTEQOOWPKECVKQP
EJCPPGNU#CPF$CNCTOU<GTQ FKUCDNGUVJGCNCTO U
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JKUCNCTOKUVTKIIGTGFD[CHCKNWTGKPVJG46&VGORGTCVWTGKPRWVCUUKIPGFVQ
VJGKPFKECVGFHNQYOGVGT6GORGTCVWTGKPRWVUCTGCUUKIPGFD[RTQITCOEQFGU
/GVGTZVGORKPRWV5QOGECWUGUQHVJKUCNCTOCTG
VGORGTCVWTGQHRTQFWEVQWVQHTCPIG ECPDGECWUGFD[HCWNV[RTQFWEVJGCVGT
QTRTQFWEVTGOCKPKPIKPJGCVGTVQQNQPICVKOG HCKNWTGQH46&QTHCKNWTGQH
YKTKPIVQ46&
(KZGFVGORGTCVWTGXCNWGUWUGFKPECUGQHHCKNWTGQHVJGNKXGVGORGTCVWTG
KPRWVUCTGUGVD[RTQITCOEQFGU$CEMWRVGORGTCVWTG
6JGUGHKZGFVGORGTCVWTGXCNWGUCTGCUUKIPGFVQEQORQPGPVUJQYGXGTVJG
&CP.QCFTGNCVGUVJGEWTTGPVEQORQPGPVHNQYVQVJGEWTTGPVHNQYOGVGT
6JGCNCTOOGVGTKPFKECVGUCURGEKHKE46&KPRWV
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNEQORQPGPVPWODGT
6JKUCNCTOKUVTKIIGTGFD[CHCKNWTGKPVJGFGPUKV[KPRWVCUUKIPGFVQVJG
KPFKECVGFEQORQPGPV
0QVGU
+PVJGCNCTOOGUUCIGKUVJGCEVWCNHNQYOGVGTPWODGT
6JKUCNCTOKUVTKIIGTGFD[CHCKNWTGKPVJGRTGUUWTGKPRWVCUUKIPGFVQVJG
KPFKECVGFHNQYOGVGT2QUUKDNGECWUGUKPENWFGKPRWVRTGUUWTGQWVQHTCPIG
VJGFGPUKV[QTVGORGTCVWTGKPRWVVQVJG%2.QRVKQPKUQWVQHTCPIGCRKPEJ
DCEMOGVJQFQVJGTVJCPé1HHêJCUDGGPEQPHKIWTGFCPFVJGTGSWKTGFKPRWVKU
PQVEQPHKIWTGFQTVJGRKPEJDCEMOGVJQFYKNNPQVCNNQYVJGHNQYEQPVTQN
XCNXGVQDGRTQRGTN[ENQUGFFWGVQKPUWHHKEKGPVRTGUUWTGYJGPHNQYKPICVVJG
NQYHNQYTCVG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
(QT VJG é/GEJê CPF é*CPFUJCMGê KPLGEVKQP OGVJQFU VJKU KU VJG OCZKOWO PWODGT QH RWNUGU
D[ YJKEJ VJG CEVWCN HGGFDCEM RWNUG EQWPV ECP FKHHGT HTQO VJG KFGCN HGGFDCEM RWNUG EQWPV
DGHQTG CP CFFKVKXG HCKNWTG CNCTO KU TCKUGF 6JG KFGCN HGGFDCEM RWNUG EQWPV KU DCUGF QP VJG
CFFKVKXG HGGFDCEM EQWPV RTQITCO EQFG QT KU KPVGTPCN FGHCWNV KPFGRGPFGPV QH
EQPHKIWTCVKQP HQT VJG é*CPFUJCMGê KPLGEVKQP OGVJQF
2TQITCO EQFG #FFKVKXG HGGFDCEM EQWPV KU VJG GZRGEVGF PWODGT QH HGGFDCEM RWNUGU RGT
CFFKVKXG TCVKQ E[ENG HQT VJG é/GEJê CFFKVKXG KPLGEVKQP OGVJQF GI HQT 6KVCP 2#%
éEQPHKTOCVKQP RWNUGê HQT *[FTQNGE KPLGEVQT 6JG PWODGT QH UGEQPFU YKVJKP YJKEJ VJG
CFFKVKXG HGGFDCEM KPRWV OWUV IQ QP CPF QHH CICKP CHVGT VJG CFFKVKXG TCVKQ QWVRWV JCU DGGP
GPGTIK\GF HQT VJG é*CPFUJCMGê CFFKVKXG KPLGEVKQP OGVJQF GI RGT /CREQ
2TQITCO EQFG #FFKVKXG RGT GTTQT NKOKV KU VJG PWODGT QH TCVKQ SWCPVKVKGU YQTVJ QH
CFFKVKXG D[ YJKEJ VJG CEVWCN SWCPVKV[ QH CFFKVKXG ECP FKHHGT HTQO VJG KFGCN XQNWOG QH CFFKVKXG
CV CP[ RQKPV KP C DCVEJ DGHQTG VJG &CP.QCF EJGEMU HQT C éNQY CFFKVKXGê QT éJKIJ
CFFKVKXGê EQPFKVKQP RTQITCO EQFGU CPF
'CEJ CFFKVKXG HCKNWTG CNCTO JCU C UKPING EJCTCEVGT CNRJCPWOGTKE éTGCUQP EQFGê YJKEJ ECP DG
CEEGUUGF CU C FCVC EQFG XCNWG GI KP VJG F[PCOKE FCVC FKURNC[ QT XKC CP CWVQOCVKQP U[UVGO
&CVC EQFG KU VJG CFFKVKXG HCKNWTG TGCUQP EQFG HQT CFFKVKXG GVE 6JG RQUUKDNG CFFKVKXG
HCKNWTG TGCUQP EQFGU CTG CU HQNNQYU
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
+PVJGCNCTOOGUUCIG:KUVJGCEVWCNEQORQPGPVPWODGT
6JKUCNCTOKUVTKIIGTGFD[CHCKNWTGKPVJGEQTTGURQPFKPIDNQEMXCNXGEQPVTQN
EKTEWKVKPFKECVKPIVJCVVJGDNQEMXCNXGJCUPQVENQUGFCHVGTVJGEQORQPGPVJCUDGGP
FGUGNGEVGF6JGRQUKVKQPQHVJGDNQEMXCNXGKUUGPUGFD[RTQITCOEQFG
$NQEMXCNWGKPRWVEQTTGURQPFKPIVQQPGQHHQWTEQORQPGPVDNQEM
XCNXGU%QORQPGPVDNQEMXCNXGUCTGEQPVTQNNGFD[RTQITCOEQFGU
$NQEMXCNXGQWVRWV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
)GPGTCNRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
)TQWPFFGVGEVQTQRGPECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV
0QVGU
)GPGTCNRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
1XGTURKNNFGVGEVQTQRGPECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
)GPGTCNRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
2GTOKUUKXGRQYGTHCKNWTGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV
0QVGU
)GPGTCNRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG#FFKVKXG
KPLGEVKQPHCKNWTGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWVCUUKIPGFVQ
RTQITCOEQFG5CHGV[EKTEWKV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
5KFGCUUKIPCDNGRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
#TOFQYPUKFGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV6JGUKFGFGVGEVHWPEVKQPKU
EQPVTQNNGFD[RTQITCOEQFG%KTEWKVV[RGYJKEJUGPUGUVJGUYKPICTO
UKFGDCUGFQPVJGQRVKQPUGNGEVKQPQHRTQITCOEQFG5KFGFGVGEVOGVJQF
6JGRGTOKUUKXGKPRWVECPDGUGVVQDGUKFGKPFGRGPFGPVQTVQDGFGRGPFGPVQP
GKVJGTUKFG
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
5KFGCUUKIPCDNGRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
#TOFQYPUKFGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV6JGUKFGFGVGEVHWPEVKQPKU
EQPVTQNNGFD[RTQITCOEQFG%KTEWKVV[RGYJKEJUGPUGUVJGUYKPICTO
UKFGDCUGFQPVJGQRVKQPUGNGEVKQPQHRTQITCOEQFG5KFGFGVGEVOGVJQF
6JGRGTOKUUKXGKPRWVECPDGUGVVQDGUKFGKPFGRGPFGPVQTVQDGFGRGPFGPVQP
GKVJGTUKFG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
5KFGCUUKIPCDNGRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
9CNMYC[FQYPUKFGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV6JGUKFGFGVGEVHWPEVKQPKU
EQPVTQNNGFD[RTQITCOEQFG%KTEWKVV[RGYJKEJUGPUGUVJGUYKPICTO
UKFGDCUGFQPVJGQRVKQPUGNGEVKQPQHRTQITCOEQFG5KFGFGVGEVOGVJQF
6JGRGTOKUUKXGKPRWVECPDGUGVVQDGUKFGKPFGRGPFGPVQTVQDGFGRGPFGPVQP
GKVJGTUKFG
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QVGU
5KFGCUUKIPCDNGRGTOKUUKXGKPRWVOGUUCIGURGEKHKGFD[RTQITCOEQFG
9CNMYC[FQYPUKFGECPDGOQFKHKGF
6JKUCNCTOKUVTKIIGTGFD[CPQRGPEKTEWKVUGPUGFQPVJGFKUETGVGKPRWV
CUUKIPGFVQRTQITCOEQFG5CHGV[EKTEWKV6JGUKFGFGVGEVHWPEVKQPKU
EQPVTQNNGFD[RTQITCOEQFG%KTEWKVV[RGYJKEJUGPUGUVJGUYKPICTO
UKFGDCUGFQPVJGQRVKQPUGNGEVKQPQHRTQITCOEQFG5KFGFGVGEVOGVJQF
6JGRGTOKUUKXGKPRWVECPDGUGVVQDGUKFGKPFGRGPFGPVQTVQDGFGRGPFGPVQP
GKVJGTUKFG
/GOQT[EJGEMHCKNGF
6JG&CP.QCFEQPVKPWQWUN[ECNEWNCVGUCPFXGTKHKGU%4%EJGEMUWOUQP
ETKVKECNDNQEMUQHOGOQT[EQPVCKPKPIFCVCUWEJCUVQVCNK\GTUECNKDTCVKQPHCEVQTUCPF
HNQYTCVGUCPFVGORGTCVWTGECNEWNCVKQPRCTCOGVGTU+HCEJGEMUWOFQGUPQVXGTKH[
EQTTGEVN[VJG&CP.QCFTCKUGUCé/GOQT[EJGEMHCKNGFêRTKOCT[CNCTOVJKU
RTQDNGOUJQWNFDGTGRQTVGFVQ&CPKGN%WUVQOGT5GTXKEG#FFKVKQPCNN[VJGTGCTGVYQ
UKVWCVKQPUKPYJGPCé/GOQT[EJGEMHCKNGFêCNCTOKUTCKUGFDQVJQHYJKEJCTG
éJCTONGUUêCPFECPDGKIPQTGF
(NQYOGVGTRWNUGUGPVGTKPIVJGWPKVFWTKPIRQYGTWRQTTGUGV1RGTCVQT
CEVKQP4GUGVVJGCNCTOCPFEQPVKPWGVQWUGVJGWPKV
$CVEJUVCTVGFCHVGTJCXKPIOQFKHKGFECNKDTCVQPHCEVQTUQTHNQYTCVGUXKC
CWVQOCVKQPU[UVGOEQOOWPKECVKQPUYKVJQWVJCXKPITGUGVVJGWPKV1RGTCVQT
CEVKQP4GUGVVJGCNCTORQYGTWRTGUGVVJGWPKVCPFEQPVKPWGVQWUGVJGWPKV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQITCOEQFGUGNGEVUVJGTGURQPUGVQCP7PCDNGVQTCORFQYPCNCTO
YJGPVJG&CP.QCFECPPQVTGFWEGVJGHNQYTCVGVQCFGHKPGFNQYGT
HNQYTCVGYKVJKPVJGVKOGRGTKQFURGEKHKGFD[RTQITCOEQFGUGVUVJG
VKOGNKOKVHQTCVVGORVVQTCORFQYPHNQYTCVGDGHQTGVTKIIGTKPICP
7PCDNGVQTCORFQYPCNCTO
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JKURTQITCOEQFGUGVUVJGECNKDTCVKQPHCKNWTGCNCTOCEVKQPHQTECNKDTCVKQP
OQPKVQTKPI5GNGEVKQPUKPENWFGé1HHêYJKEJFKUCDNGUVJGCNCTOé+PHQê
é5GEQPFCT[êCPFé2TKOCT[ê
6JGCNCTOKPFKECVGUVJCVVJGHNQYOGVGTOC[DGQWVQHECNKDTCVKQP4GHGTVQ
UGEVKQP%#./106WTDKPG/GVGT%CNKDTCVKQP/QPKVQTKPIHQTVJG
&CP.QCF'NGEVTQPKE2TGUGV
6JG/2/%:HCKNWTGKUCRTKOCT[CNCTOCPFKUTCKUGFYJGPVJG&CP.QCFJCU
DGGPEQPHKIWTGFVQWUGQPGQTDQVJQHVJG/2/%çUHGCVWTGUKGHCEVQTGFRWNUG
QWVRWVUQTECNKDTCVKQPOQPKVQTKPICPFCDCVEJKUUVCTVGFQTTGUVCTVGFCPFVJG
&CP.QCFFGVGEVUVJGHCKNWTGQH QTPQPGZKUVGPEGQH VJGTGSWKTGF/2/%DQCTFQP
VJGKPFKECVGFOGVGTRWNUGDQCTF:
(21KUVJGHCEVQTGFRWNUGQWVRWVQHVJGéUOCTVêEJ/GVGTRWNUGDQCTFQPYJKEJ
VQIGPGTCVGHCEVQTGFRWNUGUCEEQTFKPIVQVJGEQPHKIWTGF(21DCUKU RTQITCOEQFG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TKOCT[FKURNC[HCKNWTG
5GEQPFCT[FKURNC[HCKNWTG &GHCWNV 4CPIG
0QVGU
6JKUCNCTOKUVTKIIGTGFKHVJGMG[RCFFKURNC[JCUDGGPFKUEQPPGEVGFQTVJG
KPVGTPCNVGORGTCVWTGQHVJGMG[RCFFKURNC[GPENQUWTGKUVQQJKIJ2QYGTKU
TGOQXGFHTQOVJGMG[RCFFKURNC[CPFVJGWRRGT [GNNQY .%&KPFKEVQTRWNUGU
VYKEGGXGT[VYQUGEQPFU9JGPVJGEQPFKVKQPVJCVECWUGFVJGCNCTOPQNQPIGT
GZKUVUVJGWRRGT [GNNQY .'&KURWNUGFQPEGGXGT[VYQUGEQPFU6JG
&CP.QCFUJQWNFDGRQYGTGFWRTGUGVVQEQPVKPWGWUKPIVJG
MG[RCFFKURNC[
0QVGU
6JKUOGUUCIGKUFKURNC[GFYJGPCPCVVGORVKUOCFGVQUVCTVCDCVEJCPFVJG
OCZKOWOPWODGTQHDCVEJGURGTVTCPUCEVKQP YJKEJKUEQPHKIWTCDNGXKC
RTQITCOEQFG$CVEJGU6TCPUCEVKQP JCUCNTGCF[DGGPNQCFGF6JGPGY
DCVEJKUPQVUVCTVGF
0QVGU
6JKUOGUUCIGKUFKURNC[GFYJGPCPCVVGORVKUOCFGVQUVCTVCDCVEJQPC
PGYUKFG UYKPICTOEQPHKIWTCVKQPU YJGPVJGVTCPUCEVKQPQPVJGQNFUKFG
JCUPQVDGGPGPFGFGID[RTGUUKPIVJG5612MG[
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&KCIPQUVKE6GUVU
#ITQWRQHFKCIPQUVKEVGUVUCTGCEEGUUKDNGHQTOCPWCNGZGEWVKQPXKCVJG&KCIPQUVKEUUGNGEVKQPKP
VJG2TQITCO/QFG/GPW#EEGUUVQVJG2TQITCO/QFG/GPWKUFGUETKDGFKP5GEVKQP
9JGPVJG&KCIPQUVKEUUGNGEVKQPKUCEVKXCVGFVJG&KCIPQUVKEU/GPWUJQYPDGNQYKPFKURNC[GF
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DUART
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ARCNET
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&KCIPQUVKE/GPW
(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGHQNNQYKPIUGNGEVKQPUKPVJG&KCIPQUVKEU/GPWCTGCXCKNCDNG
(KTOYCTG8GTUKQPU
6JGHKTOYCTGXGTUKQPUQHVJGRTQITCOHQTVJGVYQ%27 UCPFVJGOGUUCIG'241/KU
FKURNC[GF6JGRQYGTHCKNWTGOGUUCIGKPFKECVKPIVJGFCVGCPFVKOGQHVJGNCUVRQYGTHCKNWTG
KUCNUQFKURNC[GF
4#/VGUVU
6JGRCUUGFHCKNGFTGUWNVUQHVJG4#/VGUVUKUFKURNC[GF+HC4#/VGUVHCKNUCVCP[VKOG
CNNFKUETGVGQWVRWVUCTG12'0'&ECWUKPICNNHNQYEQPVTQNXCNXGUCPFDNQEMXCNXGUVQENQUG
CPF CNN RWORU VQ UVQR TWPPKPI 6JG ECWUG QH VJG HCKNWTG OWUV DG EQTTGEVGF DGHQTG VJG
&CP.QCF ECP DG WUGF 0QVG 6JG EQPVGPVU QH 4#/ CTG PQV OQFKHKGF D[ VJG
FKCIPQUVKEVGUVU
-G[RCF
#RTQORV OGUUCIG2TGUUMG[VQVGUVKUFKURNC[GF6JGPCOGQHCP[MG[RTGUUGFKU
FKURNC[GF DGUKFG VJG RTQORV OGUUCIG /WNVKRNG MG[U ECP DG RTGUUGF WPVKN VJG ':+6
#.6 %.'#4 MG[KURTGUUGFVQTGFKURNC[VJG&KCIPQUVKEU/GPW
&KURNC[
6JG FKURNC[ DCEMNKIJVKPI NGXGN KU UVGRRGF CV QPG UGEQPF KPVGTXCNU VJTQWIJ VJG KPFKECVGF
PWOGTKENGXGNTCPIGQHVQ6JGFKURNC[EQPVTCUVNGXGNKUUVGRRGFCVQPGUGEQPFKPVGTXCNU
VJTQWIJ VJG KPFKECVGF PWOGTKE NGXGN TCPIG QH VQ 6JG NQECN FKURNC[ RCPGN CPF KH
EQPPGEVGFVJGTGOQVGFKURNC[RCPGNCTGEJGEMGF$QVJVJGDCEMNKIJVKPICPFVJGEQPVTCUV
NGXGNUCTGTGUVQTGFVQVJGKTEWTTGPVUGVVKPIUQPGZKVHTQOVJGFKURNC[ 0QVG%QPVTCUVCPF
DCEMNKIJVKPIECPDGOCPWCNN[CFLWUVGFXKCVJG5GVEQPVTCUVDCEMNKIJVKPIUGNGEVKQPQHVJG
2TQITCO/QFG/GPW
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+PRWVU1WVRWVU
6JG+PRWV1WVRWVUFKCIPQUVKEFKURNC[KPFKECVGFDGNQYKUUJQYP6JKUFKURNC[KUWUGFVQ
XKGYVJGEWTTGPVNKXGXCNWGUQHVJGUGNGEVGFKPRWVQTQWVRWVRQKPV
Inputs/Outputs
Meter input __ #pulses = nnnnn
RTD input __ A/D value = hhhh
4-20 mA input __ A/D value = hhhh
Discrete input __ state = n
Discrete output __ state = n
+PRWVU1WVRWVU&KCIPQUVKE
(KIWTG
6JGCPFCTTQYMG[UCTGWUGFVQOQXGVJGHNCUJKPIWPFGTNKPGEWTUQTVQVJGFGUKTGFNKPG
6JGVQPWOGTKEMG[UCTGWUGFVQGPVGTCP[XCNKFKPRWVQTQWVRWVPWODGTWRVQVJG
OCZKOWOPWODGTHQTVJCVV[RGQHKPRWVQTQWVRWV2TGUUVJG'06'4MG[VQEQPVKPWG
6JGXCNWGQHVJGUGNGEVGFKPRWVKUFKURNC[GF6JGHNCUJKPIEWTUQTTGOCKPUQPVJGUCOGNKPG
CPFQVJGTKPRWVUQHVJGUCOGV[RGOC[DGXKGYGF6JGKPRWVXCNWGEQTTGURQPFUVQVJG
UGNGEVGFKPRWVRQKPV6JGUVCVGQHCEQPVTQNQWVRWVECPDGEJCPIGFD[GPVGTKPIVJGEQPVTQN
QWVRWVPWODGTRTGUUKPIVJG'06'4MG[CPFVJGPYJGPVJGHNCUJKPIEWTUQTKURQUKVKQPGF
CVVJGUVCVGHKGNFRTGUUGKVJGTVJGMG[ VQVWTPVJGQWVRWV1((QTVJGMG[VQVWTPVJG
QWVRWV10CUCRRNKECDNG6JGQWVRWVOC[DGTGRGCVGFN[VQIINGFCVVJKUVKOGYKVJVJG
MG[CPFVJGMG[QTOC[DGNGHVKPVJGFGUKTGFUVCVGD[RTGUUKPIVJG'06'4MG[YKVJVJG
FGUKTGFUVCVGFKURNC[GF 0QVGRWNUGUKUCPCEEWOWNCVGFRWNUGEQWPV#&XCNWGKUC
HQWTFKIKVJGZCFGEKOCNPWODGTUVCVGKUQTCUFGUETKDGFCDQXG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&7#46
5GTKCN RQTVU %1/ CPF %1/ CTG VGUVGF WPFGT RTQITCO EQPVTQN D[ TWPPKPI VJG VYQ
EJCPPGNUKPNQECNNQQRDCEMOQFG6JGVJTGGFKIKVCFFTGUUYKVJNGCFKPI\GTQU VQ
UGNGEVGFD[VJG&+2UYKVEJQPVJGOQFWNGKUFKURNC[GF#PPPGTTQTUTGUWNVQHVJGVGUV
HQTGCEJEJCPPGNKUFKURNC[GF 0QVG%JCPPGN#%1/%JCPPGN$%1/
.QECNNQQRDCEM 6JGV[RG5%0&7#46KPVJG&CP.QCFKUVGUVGFD[VJGEJCPPGN
: OQFG TGIKUVGT 6JG &CP.QCF VTCPUOKVU EJCTCEVGTU
VJTQWIJ NQQRGF DCEM VQ VJG TGEGKXG EKTEWKV # TGUWNV QH
KPFKECVGUVJCVQWVQHVJGEJCTCEVGTUYJGTGVTCPUOKVVGFCPFTGEGKXGF
RTQRGTN[6JGEQTTGEVTGUWNVKU+HVJG&7#46KUPQVKPUVCNNGFQT
HCKNGFEQORNGVGN[VJGYQTF '4414 KUFKURNC[GF
'ZVGTPCNNQQRDCEM #JCTFYCTGNQQRDCEMEQPPGEVQTKUEQPPGEVGFVQVJG4545RQTV
6JGVGUVHWPEVKQPCPFTGUWNVUCTGKFGPVKECN CU VJQUGQHVJGNQECNNQQRDCEM
VGUV
.QQRDCEM%QPPGEVQT2KPQWV 4GHGTGPEG&TCYKPI%'
DCWFTCVGU #NN GKIJV RQUUKDNG DCWF TCVGU HTQO NQYGUV URGGF VQ JKIJGUV URGGF CTG
UGVWRCPFVGUVGF6JGHQNNQYKPIVGPVGUVEJCTCEVGTUCTGWUGFJJ
JJJJJJJCPF((J6JGGZCORNGRCUUHCKN
OCR2222222(KPFKECVGUVJCVVJGNQYGUVUGXGPDCWFTCVGURCUUGFCPFVJG
JKIJGUVDCWFTCVGHCKNGF
FCVCHQTOCVU 2CTKV[DKVUUVQRDKVUCPFFCVCDKVUCTGUGVWRCPFVGUVGF6JGRCUUHCKNOCR
KPFKECVGUVJGTGUWNVUQHVJGVGUV(QTGZCORNG2(2KPFKECVGUVJCVVJGRCTKV[
VGUVRCUUGFVJGUVQRDKVUVGUVHCKNGFCPFVJGFCVCDKVUVGUVRCUUGF
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
DUART 001
Ch. A Ch. B
Local loopback 256/256 256/256
External loopback 203/256 52/356
baud rates PPPPPPPF FFFFFFFF
data formats PFP PPF
interrupts PPP P--
Press ALT+CLEAR to exit
&7#462QTVU&KCIPQUVKE
(KIWTG
.#0
ARCNET
Address = nnn
Diagnostic Status 0xhh
Configuration 0xhh
.#02QTV&KCIPQUVKE
(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%TCUJCPCN[UKU
#éETCUJêKUCPWPTGEQXGTCDNGJCTFYCTGUQHVYCTGQTEQPHKIWTCVKQPGTTQTFGVGEVGFD[VJG
RTQITCO6JGU[ORVQOQHCéETCUJêKUVJCVVJGWPKVTGUGVUKVUGNHKGVJGFKURNC[IQGUFCTM
DTKGHN[ CUKHVJGWPKVJCFDGGPRQYGTGFQHHCPFQPCICKPKHRTQFWEVKUHNQYKPIYJGPVJKU
JCRRGPUCéOGOQT[EJGEMHCKNGFêCNCTOOC[DGTCKUGFUKPEGVJGRWNUGEQWPVEJGEMUWO
ECPPQVDGXGTKHKGF+HCETCUJQEEWTUVJGRTQITCOUCXGUETCUJKPHQTOCVKQPUQVJCVVJG
ECWUGECPDGFGVGTOKPGF2GTHQTOVJGHQNNQYKPIUVGRU
)QKPVQ&KCIPQUVKEU^%TCUJCPC[NUKUKPRTQITCOOQFGCPFYTKVGFQYPVJG
HQWTEQNWOPUQHHKIWTGUDGHQTGVJGWPKVKURQYGTGFQHHCICKPUKPEGRQYGTKPI
QHHVJGWPKVOC[ECWUG%27ETCUJKPHQTOCVKQPVQDGQXGTYTKVVGP 6JGWPKV
IGPGTCVGU C %27 ETCUJ GTTQT EQFG é(#&'ê YJGPGXGT KV KU RQYGTGFQHH
016'2TGUUVJGé%.'#4êMG[VQ\GTQVJGHQWTEQNWOPUQHHKIWTGUUQVJCV
[QWECPHKPFQWVYJGPCPGYETCUJQEEWTU
&UDVK PHPRU\ &38 &38
6WN SWUSURJ FWU HGH
,QW PDVNLQW PDVN F F
:65WVN SJ I
(UURU FRGHWDVN DGU H IIIEF
5GNGEV&KCIPQUVKEU^(KTOYCTGXGTUKQPUKPRTQITCOOQFGCPFYTKVGFQYPVJG
VJTGG HKTOYCTG XGTUKQP PWODGTU GI X 6JG ETCUJ CPCN[UKU ECPPQV DG
KPVGTRTGVGFYKVJQWVVJGHKTOYCTGXGTUKQPPWODGTU
%QPVCEV&CPKGN%WUVQOGT5GTXKEGQT[QWTNQECNTGRTGUGPVCVKXGQTGZRGTVYKVJVJG
ETCUJCPCN[UKUCPFHKTOYCTGXGTUKQPPWODGTKPHQTOCVKQP
6JGETCUJCPCN[UKUKPVJGUCOGHQTOCVCUVJG%TCUJOGOQT[UWOOCT[NQI5GEVKQP
KUFKURNC[GF5GGVJGFGUETKRVKQPQHVJG%TCUJOGOQT[UWOOCT[NQIHQTFGVCKNU
#%TCUJOGOQT[UWOOCT[NQIKPFKECVGUCPWPTGEQXGTCDNGGTTQTFGVGEVGFD[VJGEQPVTQNRTQITCO
6JKU HGCVWTG KU C IGPGTCN RWTRQUG FGVGEVQT NQIIGT HQT ETKVKECN JCTFYCTG CPF UQHVYCTG GTTQT
EQPFKVKQPU 6JG %TCUJ OGOQT[ UWOOCT[ NQI UJQWNF DG UCXGF HQT WUG KP OCKP RTQEGUUQT
VTQWDNGUJQQVKPI
+HRTQITCOEQFG%TCUJOGOQT[UWOOCT[KUUGV1PCPFVJGFCVCRTKPVGTKUCXCKNCDNGC%TCUJ
OGOQT[UWOOCT[NQIKURTKPVGFD[VJGNQIIKPIRTKPVGT6JGGZCORNGDGNQYKPFKECVGUVJGHQTOCV
QHVJGNQI
1RGTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGHKGNFUEQPVCKPGFKPVJG%TCUJOGOQT[UWOOCT[NQICTGFGUETKDGFDGNQY
7PKV 6JGWPKVCFFTGUUQDVCKPGFHTQOVJGUGVVKPIQHVJGCFFTGUU&+2UYKVEJGUQP
VJG&7#46DQCTFTCPIGKUVQ
VKOG &CVGCPFVKOGQHVJGGXGPV
5VMRVTRTQIEVT
6JGJGZCFGEKOCNXCNWGUQHVJGUVCEMRQKPVGTCPFVJGRTQITCOEQWPVGT
+PVOCUMKPVOCUM
6JGJGZCFGEKOCNXCNWGUQHVJGKPVGTTWRVOCUMCPFVJGKPVGTTWRVOCUM
954VCUM 6JG9KPFQY5GNGEV4GIKUVGTOWNVKVCUMVCUMPWODGT
'TTQTEQFGVCUMCFT
6JGJGZCFGEKOCNKFGPVKHKGTQHVJGETKVKECNGTTQTEQFGVJGCFFTGUUQHVJG
CEVKXGVCUM
2TKPVEQPHKIWTCVKQP
5JQYOGOQT[
&CVC OGOQT[ KU FKURNC[GF 6JG FKURNC[ UJQYU VJG OGOQT[ CFFTGUU YKVJ FCVC KP DQVJ
JGZCFGEKOCNCPF#5%++HQTOCVU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA1RGTCVKQP
5GEVKQP
(NQY/GVGT2TQXKPI
)GPGTCN
6CPM2TQXGT/GVJQF
/CUVGT/GVGT/GVJQF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUUGEVKQPEQPVCKPUKPHQTOCVKQPQPHNQYOGVGTRTQXKPIWUKPIOGVJQFUURGEKHKGFKP#2+UVCPFCTFU
CPF 'PINKUJ OGCUWTGOGPV WPKVU 6JG IGPGTCN KPHQTOCVKQP CRRNKGU VQ QVJGT UVCPFCTFU CPF
OGCUWTGOGPVWPKVUCUYGNN/GVGTRTQXKPIKUVJGRTQEGFWTGHQTFGVGTOKPKPICOGVGTHCEVQTHQTC
TCEMHNQYOGVGT%CNKDTCVKQPKUVJGRTQEGFWTGHQTFGVGTOKPKPICXQNWOGQHVJGOGVGTRTQXGTCPF
KUPQVEQXGTGFKPVJKUOCPWCN
&GVCKNUCTGRTQXKFGFQPOCPWCNOGVGTRTQXKPID[VJGRTQXGTVCPMOGVJQFCPFVJGOCUVGTOGVGT
OGVJQF 6JG RKRG RTQXGT OGVJQF KU WUWCNN[ WUGF HQT RTQQHU QH NCTIG ECRCEKV[ HNQY OGVGTU KP
RKRGNKPG QT VCPMGT UJKR NQCFKPI UGTXKEG CPF KU PQV EQXGTGF KP VJKU OCPWCN /GVGT RTQXKPI
FGVGTOKPGUVJGCEEWTCE[QHVJGHNQYOGCUWTGOGPVCPFVJGTGHQTGVJGCEEWTCE[QHSWCPVKV[CPFECUJ
CEEQWPVKPIHQTFGNKXGTGFRTQFWEVU+VKUUVTQPIN[TGEQOOGPFGFVJCV[QWTGCFVJKUUGEVKQPCNN
NQECNTGIKQPCNCPFEQWPVT[UVCPFCTFUCPFCNNEQORCP[UVCPFCTFUCRRNKECDNGVQ[QWTKPUVCNNCVKQP
CPFOGVGTRTQXKPIDGHQTGRTQXKPICTCEMOGVGTQTCOCUVGTOGVGT
6[RKECNHQTOUWUGFFWTKPIVJGOGVGTRTQXKPIRTQEGFWTGCTGRTQXKFGFCVVJGGPFQHVJKUUGEVKQP
6JGUGHQTOUECPDGEQRKGFQTWUGFCUCIWKFGHQTFGXGNQROGPVQHHQTOUHQT[QWTQTICPK\CVKQP
0QVG
6JGHNQYOGVGTRTQXKPIRTQEGFWTGUFGUETKDGFKPVJKUUGEVKQPCPFVJGV[RKECNOGVGTRTQQH
HQTOU (KIWTG(KIWTG CTGRTKOCTKN[RTQXKFGFVQFGUETKDGVJG&CP.QCF
RTQITCOEQFGUVJCVCHHGEVOGVGTRTQXKPICPFHNQYOGCUWTGOGPVCEEWTCE[6JGOGVJQFQH
OGVGTRTQXKPICPFVJGV[RKECNHQTOOC[TGSWKTGEJCPIGUDGHQTGWUGKP[QWTQTICPK\CVKQP
%QPUWNVVJGHNQYOGCUWTGOGPVCEEQWPVKPIFGRCTVOGPVQH[QWTQTICPK\CVKQPDGHQTG
EQPFWEVKPIHNQYOGVGTRTQQHU
#RTQXGTVCPMKUCHKGNFUVCPFCTFOGCUWTGYJKEJKUFGUKIPGFCPFECNKDTCVGFD[CNCDQTCVQT[VJCV
ECPRTQXKFGECNKDTCVKQPVTCEGCDKNKV[VQVJG9GKIJVUCPF/GCUWTGU1HHKEGQHVJG0CVKQPCN$WTGCWQH
5VCPFCTFU6JGECNKDTCVGFRTQXGTVCPMECPDGWUGFKPGKVJGTQTDQVJQHVJGHQNNQYKPIOGVGTRTQQH
OGVJQFU
7UGFRGTKQFKECNN[VQRTQXGKPFKXKFWCNTCEMOGVGTU
7UGFRGTKQFKECNN[VQRTQXGCOCUVGTOGVGT6JGPVJGOCUVGTOGVGTKUWUGFVQRTQXGVJG
KPFKXKFWCNTCEMOGVGTU
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGRTKOCT[#OGTKECP2GVTQNGWO+PUVKVWVGUVCPFCTFUCRRNKECDNGVQOGVGTRTQXKPICTG
/CPWCNQH2GVTQNGWO/GCUWTGOGPV5VCPFCTFU /2/5
%JCRVGT2TQXKPI5[UVGOU
%JCRVGT%CNEWNCVKQPQH2GVTQNGWO3WCPVKVKGU
5GEVKQP+PUVTWEVKQPUHQT%CNEWNCVKPI.KSWKF2GVTQNGWO3WCPVKVKGU
/GCUWTGFD[6WTDKPGQT&KURNCEGOGPV/GVGTU
EQPVCKPU6CDNGU#CPF#%QTTGEVKQP(CEVQTUHQT5VGGN
%JCRVGT8QNWOG%QTTGEVKQP(CEVQTU
6CDNG4GFWEVKQPQH8QNWOGVQFGITGGU(CJTGPJGKV
#ICKPUV#2+)TCXKV[CVFGITGGU(CJTGPJGKV
6CDNG4GFWEVKQPQH8QNWOGVQFGITGGU(CJTGPJGKV
#ICKPUV5RGEKHKE)TCXKV[FGITGGU(CJTGPJGKV
6JGUGUVCPFCTFUUWRGTUGFG#2+5VCPFCTFUCPFCPFCTGYKFGN[WUGFKP
VJG75#CPFUGXGTCNQVJGTEQWPVTKGU6JGXQNWOGTGFWEVKQPVCDNGUCPFCTGCNUQFGUKIPCVGF
#56/+5VCPFCTFCPF+2
'XGT[HNQYOGVGTKUCWPKSWGFGXKEG6JGOCPWHCEVWTGTHCDTKECVGUGCEJHNQYOGVGTUQVJCVKVOGGVU
FGUKIP URGEKHKECVKQPU *QYGXGT FKHHGTGPEGU YKVJKP PQTOCN HCDTKECVKQP VQNGTCPEGU RTQFWEG
CRRCTGPVN[KFGPVKECNHNQYOGVGTUVJCVIGPGTCVGUNKIJVN[FKHHGTGPVRWNUGURGTXQNWOGWPKV -HCEVQT
6JGPQOKPCN-HCEVQT=CXGTCIGPWODGTQHRWNUGURGTGCEJXQNWOGWPKV UWEJCUCICNNQP VJCV
CTGIGPGTCVGFD[CHNQYOGVGT?KUUVCORGFQPVJGHNQYOGVGTPCOGRNCVG(QTGZCORNGD[FGUKIP
VJG&CPKGNKPEJ.4VWTDKPGOGVGTUJQWNFRTQFWEGRWNUGURGTGCEJICNNQPOGCUWTGF#HVGT
OCPWHCEVWTGGCEJ.4VWTDKPGOGVGTKURTQXGFYKVJYCVGTHNQYCVVJGHCEVQT[6JKUKPKVKCNOGVGT
RTQQHQHVJGPGYHNQYOGVGTOC[RTQFWEGCPCEVWCN-HCEVQTHQTVJCVHNQYOGVGTQHRWNUGU
RGTICNNQPOGCUWTGF6JKUKPKVKCNOGVGTRTQXKPIKUPQTOCNN[VJGQPN[VKOGVJCVVJGHNQYOGVGT-
HCEVQTKUFGVGTOKPGFD[COGVGTRTQQH#HVGTCOGVGTJCUDGGPKPUVCNNGFQPUKVGCFFKVKQPCNOGVGT
RTQQHUOC[DGWUGFVQFGVGTOKPGOGVGTHCEVQTU1XGTVJGNKHGVKOGQHCOGVGTKVUOGVGTHCEVQTOC[
EJCPIGFWGVQXCTKCVKQPUKPHNQYTCVGUXKUEQUKVKGUYGCTCPFQVJGTECWUGU*QYGXGTVJG-
HCEVQTYKNNCNYC[UTGOCKPVJGUCOG6JG-HCEVQTKUVJGITQUUCFLWUVOGPVHCEVQTCPFVJGOGVGT
HCEVQTKUVJGHKPGCFLWUVOGPVHCEVQT6JG&CP.QCFWUGUCOCVJGOCVKECNEQODKPCVKQPQHVJG
-HCEVQTCPFVJGOGVGTHCEVQTVQCFLWUV VJGXQNWOGCEEWOWNCVKQPVQVCNK\GTUVQOCVEJVJGCEVWCN
XQNWOGVJCVJCUHNQYGFVJTQWIJVJGOGVGT
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+P CFFKVKQP VQ VJG V[RG QH HNQY OGVGT CPF KPUVCNNCVKQP FGUKIP VJG RTQFWEV DGKPI OGCUWTGF
VGORGTCVWTGQHVJGRTQFWEVDGKPIOGCUWTGFVJGHNQYTCVGCPFVQCNGUUGTGZVGPVVJGRTGUUWTG
QHVJGRTQFWEVDGKPIOGCUWTGFOC[CNUQCHHGEVVJGCEEWTCE[QHVJGHNQYOGCUWTGOGPV 0QVG
6JGRTGUUWTGGHHGEVQPVJGXQNWOGQHNQYXCRQTRTGUUWTGJ[FTQECTDQPNKSWKFUUWEJCUICUQNKPG
FKGUGNMGTQUKPGCPFHWGNQKNKUWUWCNN[PGINKIKDNGYJGPVJGUGNKSWKFUCTGJCPFNGFCVNQYRTGUUWTGU
NGUU VJCP 25+) CPF KU KIPQTGF KP OCP[ VCPMGT XGJKENG NQCFKPI KPUVCNNCVKQPU 2TGUUWTG
EQORGPUCVKQP CPF DCEMRTGUUWTG EQPVTQN UJQWNF CNYC[U DG KORNGOGPVGF KP .2) NQCFKPI
EQPHKIWTCVKQPU
(NQYOGVGTUECPDGRTQXGFCUQHVGPCUFGUKTGF/CP[QTICPK\CVKQPUJCXGTGIWNCVKQPUIQXGTPKPI
VJG HTGSWGPE[ QH OGVGT RTQQHU 6JGUG TGIWNCVKQPU CTG QHVGP DCUGF QP FCVG XQNWOG QH HNQY
VJTQWIJVJGOGVGTCPFQTPWODGTQHNQCFKPIQRGTCVKQPUWUGVJGOGVGT+H[QWTQTICPK\CVKQP
FQGUPQVJCXGUWEJTGIWNCVKQPUGCEJOGVGTUJQWNFDGRTQXGFRGTKQFKECNN[CPFVJGRTQQHTGUWNVU
EQORCTGFYKVJRTGXKQWURTQQHTGUWNVUVQFGVGTOKPGKHOQTGHTGSWGPVQTNGUUHTGSWGPVRTQQHUCTG
TGSWKTGF
6JGVGTOKPQNQI[WUGFKPVJKUUGEVKQPKUFGHKPGFDGNQYCPFKUDCUGFQPVJGFGHKPKVKQPUKPVJG#2+
UVCPFCTFU
6GTO&GHKPKVKQP
)TQUUXQNWOG 6JGKPFKECVGFXQNWOGVKOGUVJGOGVGTHCEVQTFGTKXGFHTQOCOGVGTRTQXKPI
QHVJGHNQYOGVGTCVCURGEKHKEHNQYTCVG6JKUKUCXQNWOGOGCUWTGOGPV
6JKUXQNWOGKUFKURNC[CDNGCU&[PCOKE&CVC'NGOGPV/VTOITUNQCFKP
VJG&CP.QCFCPFKUWUGFVQFGVGTOKPGVJGXQNWOGOGCUWTGFD[VJG
TCEMOGVGTFWTKPIOGVGTRTQXKPI
%CNEWNCVKQP ITQUUXQNWOGKPFKECVGFXQNWOGVKOGUOGVGTHCEVQT
)TQUUUVCPFCTFXQNWOG
6JGITQUUXQNWOGEQTTGEVGFVQUVCPFCTFVGORGTCVWTGCPFRTGUUWTG6JKUKU
CSWCPVKV[OGCUWTGOGPV
%CNEWNCVKQP )TQUU UVCPFCTF XQNWOG ITQUU XQNWOG VKOGU %6./
EQTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKF
KPVJGOGVGT VKOGU%2./ EQTTGEVKQPHCEVQTHQTVJGGHHGEV
QHRTGUUWTGQPVJGNKSWKFKPVJGOGVGT
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6GTO&GHKPKVKQP
/CUVGTOGVGT #OCUVGTOGVGTKUCVWTDKPGOGVGTQTRQUKVKXGFKURNCEGOGPVOGVGTVJCVJCU
DGGP RTQXGF RTGXKQWUN[ YKVJ C VCPM RTQXGT 6JG OCUVGT OGVGT KU
VGORQTCTKN[EQPPGEVGFKPUGTKGUYKVJCTCEMOGVGTVQDGRTQXGFUQVJCVCNN
HNQYRCUUGUVJTQWIJDQVJOGVGTU#XQNWOGQHNKSWKFKURCUUGFVJTQWIJ
DQVJOGVGTUCPFVJGXQNWOGOGCUWTGFD[VJGOCUVGTOGVGTKUEQPUKFGTGFVQ
DG EQTTGEV 6JGFKHHGTGPEGDGVYGGPVJGXQNWOGOGCUWTGFD[GCEJOGVGT
FGVGTOKPGU VJG OGVGT HCEVQT HQT VJG TCEM OGVGT 6JG #2+ UVCPFCTF
TGEQOOGPFUVJCVCOKPKOWOXQNWOGQHXQNWOGWPKVKPETGOGPVUCTG
CEEWOWNCVGF FWTKPI C OGVGT RTQQH CPF VJCV VJG OKPKOWO FWTCVKQP QH C
OGVGTRTQQHTWPDGHKXGOKPWVGU
/GVGTHCEVQT # PWODGT WUGF KPVGTPCNN[ D[ VJG &CP.QCF KP HNQY ECNEWNCVKQPUVQ
EQTTGEV VJG KPFKECVGF XQNWOG HKPCN HNQY OGVGT TGIKUVTCVKQP OKPWU KPKVKCN
HNQYOGVGTTGIKUVTCVKQP VQVJGQDUGTXGFITQUUXQNWOG CEVWCNHNQYOGVGT
VJTQWIJRWVCVQRGTCVKPIEQPFKVKQPU 6JGOGVGTHCEVQTXCNWGKUPGCT
CPFTQWPFGFVQHQWTFGEKOCNRNCEGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6GTO&GHKPKVKQP
2KRGRTQXGT #RKRGRTQXGTKUCECNKDTCVGFRKRGUGEVKQPVJCVEQPVCKPUCURJGTGOCFGQHCP
GNCUVQOGTOCVGTKCNCPFCURJGTGFGVGEVQTUYKVEJNQECVGFCVGCEJGPFQHVJG
ECNKDTCVGFRKRGUGEVKQP6JGRKRGRTQXGTJCUVYQDCUKEEQPHKIWTCVKQPUDK
FKTGEVKQPCNQTWPKFKTGEVKQPCN#UVJGPCOGUKORN[VJGURJGTGECPRCUUKP
GKVJGTFKTGEVKQPQTQPN[QPGFKTGEVKQPTGURGEVKXGN[6JGURJGTGFGVGEVQT
UYKVEJGUCTGWUGFVQUVCTVCPFUVQRCPGZVGTPCNRTQXGTEQWPVGTYJKEJECPDG
EQPPGEVGFVQCJKIJTGUQNWVKQPRWNUGQWVRWVHTQOVJG&CP.QCF#
OGVGT RTQQH KU RGTHQTOGF D[ FKTGEVKPI CNN HNQY VJTQWIJ C HNQY OGVGT KP
UGTKGUYKVJVJGRKRGRTQXGTECNKDTCVGFRKRGUGEVKQPCPFCEEWOWNCVKPIVJGTCY
RWNUGUIGPGTCVGFD[VJGHNQYOGVGTYJKNGVJGRTQXGTURJGTGOQXGUHTQOVJG
UVCTVRWNUGEQWPVICVGUYKVEJCPFVJGUVQRRWNUGEQWPVICVGUYKVEJ5KPEGVJG
RTGEKUGXQNWOGQHVJGECNKDTCVGFUGEVKQPQHVJGRKRGRTQXGTKUMPQYPVJG
HNQY OGVGT RWNUG QWVRWV EQTTGURQPFU VQ VJCV RTGEKUG XQNWOG CPF GCEJ
XQNWOGWPKVECPDGECNEWNCVGF
3WCPVKV[ 'ZCORNGITQUUUVCPFCTFXQNWOG
6JG TGUWNVKPI COQWPV QH RTQFWEV OGCUWTGF CHVGT EQORGPUCVKQP HQT
QRGTCVKQPCN VGORGTCVWTG CPF RTGUUWTG WUWCNN[ KPFKECVGF KP QPG QH VJG
HQNNQYKPIWPKVUICNNQPUDCTTGNUNKVGTUEWDKEOGVGTU
6CPMRTQXGT # VCPM RTQXGT KU C HKZGF QT RQTVCDNG ITCFWCVGF VCPM VJCV KU ECNKDTCVGFVQ
EQPVCKPCRTGEKUGMPQYPXQNWOGQHNKSWKF6JGVCPMDQVVQOCPFUKFGUCTG
TGKPHQTEGFUQVJCVVJGYGKIJVQHVJGNKSWKFKPVJGVCPMFQGUPQVFKUVQTVVJG
VCPM 6JG ITCFWCVGF UKIJV ICWIG U RGTOKV FGVGTOKPCVKQP QH VJG GZCEV
XQNWOGQHNKSWKFKPVJGVCPM6JGOKPKOWOECRCEKV[QHVJGVCPMOWUVDG
GSWCNVQVJGXQNWOGVJCVRCUUGUVJTQWIJVJGHNQYOGVGTKPQPGOKPWVG6JG
TGEQOOGPFGFECRCEKV[QHVJGVCPMKUVQVKOGUVJGXQNWOGVJCVRCUUGU
VJTQWIJ VJG HNQY OGVGT KP QPG OKPWVG (QT GZCORNG KH VJG OCZKOWO
QRGTCVKQPCNHNQYTCVGQHCHNQYOGVGTKU)2/VJGOKPKOWORTQXGT
VCPMECRCEKV[KUICNNQPUCPFVJGTGEQOOGPFGFRTQXGTVCPMECRCEKV[
DGVYGGPCPFICNNQPU
8QNWOG 'ZCORNGKPFKECVGFXQNWOGITQUUXQNWOG
6JGCEVWCNURCEGQEEWRKGFD[VJGRTQFWEVOGCUWTGFWUWCNN[KPFKECVGFKP
QPGQHVJGHQNNQYKPIWPKVUICNNQPUDCTTGNUNKVGTUEWDKEOGVGTU
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
)GPGTCN%QPUKFGTCVKQPU
2TQITCOEQFGUVJCVCHHGEVVJGHNQYOGCUWTGOGPVCEEWTCE[QHVJG&CP.QCFOC[DGTGUVTKEVGF
HTQOOQFKHKECVKQPD[VJG9GKIJVU/GCUWTGUCVVTKDWVGUQHVJQUGRTQITCOEQFGU+HVJGUGRTQITCO
EQFGUCTGUGVVQ10VJGXCNWGQHVJGRTQITCOEQFGUECPQPN[DGEJCPIGFYJGPVJG9GKIJVU
/GCUWTGUUYKVEJKUUGV12'06JGTGHQTGDGHQTGCHNQYOGVGTECPDGRTQXGFVJGHTQPVRCPGN
9GKIJVU/GCUWTGUUYKVEJOWUVDGUGV12'0 GZVGPFGFRQUKVKQP
#&CP.QCFECPFGNKXGTWRVQHQWTEQORQPGPVUCPFGCEJEQORQPGPVECPDGFGNKXGTGFCVWR
VQHQWTFKHHGTGPVHNQYTCVGU6JGNQYGUVFGHKPGFHNQYTCVGHQTCEQORQPGPVKUVJGEQORQPGPV U NQY
HNQYTCVG 6JGJKIJGUVFGHKPGFHNQYTCVGHQTCEQORQPGPVKUVJGEQORQPGPV U JKIJHNQYTCVG
YJKEJKUCNUQECNNGFVJG PQTOCNHNQYTCVG #P[QVJGTFGHKPGFHNQYTCVGUHQTCEQORQPGPVCTG
ECNNGF HCNNDCEMHNQYTCVGU QT KPVGTOGFKCVGHNQYTCVGU 'CEJQHVJGEQORQPGPVHNQYTCVG
EQODKPCVKQPUJCUCWPKSWGOGVGTHCEVQTHQTCVQVCNQHUKZVGGPRQUUKDNGOGVGTHCEVQTU+PUVCNNCVKQPU
YKVJNGUUVJCPHQWTHNQYOGVGTUCPFNGUUVJCPHQWTHNQYTCVGUYKNNJCXGHGYGTOGVGTHCEVQTU
6JGOGVGTHCEVQTUHQTGCEJEQORQPGPVOWUVDGFGVGTOKPGFCPFGPVGTGFKPVJGQTFGTUJQYPDGNQY
%QORQPGPVROGVGTHCEVQT .QYGUVFGHKPGFHNQYTCVG
%QORQPGPVROGVGTHCEVQT 0GZVJKIJGTHNQYTCVGKHOQTGVJCPQPGHNQYTCVGKUFGHKPGF
%QORQPGPVROGVGTHCEVQT 0GZVJKIJGTHNQYTCVGKHOQTGVJCPVYQHNQYTCVGUCTGFGHKPGF
%QORQPGPVROGVGTHCEVQT *KIJGUVHNQYTCVGKHHQWTHNQYTCVGUCTGFGHKPGF
6JGEQORQPGPVPWODGTRKUVQ6JGTGCUQPHQTFGVGTOKPKPIOGVGTHCEVQTUKPVJKUQTFGTKUVQ
RTGXGPVCP[KPCEEWTCEKGUCVCP[NQYGTHNQYTCVGHTQOCHHGEVKPIVJGCEEWTCE[QHVJGOGVGTHCEVQT
HQTCJKIJGTHNQYTCVG$GECWUGOGVGTRTQXKPIKURGTHQTOGFFWTKPIDCVEJFGNKXGT[UVCTVWRCPF
UJWVFQYPXQNWOGUFGNKXGTGFCVNQYHNQYUVCTVTCVGCPFNQYHNQYUVQRTCVGCTGKPENWFGFKPVJGVQVCN
RTQQHDCVEJ6JGTGHQTGCP[XQNWOGOGCUWTGOGPVGTTQTUQEEWTTKPIFWTKPINQYHNQYTCVGVKOGU
YKNNDGEQORGPUCVGFKPVJGVQVCNRTQXKPIDCVEJ
+PUQOGQTICPK\CVKQPUKVKUCEEGRVCDNGVQWUGQPN[CNQYHNQYCPFJKIJHNQYOGVGTHCEVQTGXGPYJGP
QPGQTVYQHCNNDCEMHNQYTCVGUCTGFGHKPGF+PVJGUGECUGUVJGTCEMOGVGTKURTQXGFCVVJGNQY
CPFJKIJHNQYTCVGCPFVJGOGVGTHCEVQTHQTVJGJKIJHNQYTCVGKUCNUQGPVGTGFCUVJGOGVGTHCEVQT
HQTQPGQTVYQHCNNDCEMHNQYTCVGU
&WTKPI OGVGT RTQXKPI XCTKQWU RCTCOGVGT XCNWGU OC[ PGGF VQ DG EJCPIGF #NN CUUQEKCVGF
RCTCOGVGTUCTGPQVNQECVGFKPVJGUCOG5GVWR/GPWUWDITQWR6QCEEGUUCRCTCOGVGTYJGPVJG
5GVWR/GPWKUCEVKXGGPVGTVJGVJTGGFKIKVRTQITCOEQFGPWODGT6JGUGNGEVGFRCTCOGVGTKUVJGP
FKURNC[GF8GTKH[QTEJCPIGVJGXCNWGQHVJGRCTCOGVGTCUFGUKTGF6JGPRTGUUVJG':+6 #.6
%.'#4 MG[VQTGFKURNC[VJG5GVWR/GPWCPFUGNGEVVJGPGZVRCTCOGVGTQTEQPVKPWG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'CEJOGVGTRTQXKPITWPECPQPN[FGVGTOKPGQPGOGVGTHCEVQTHQTQPGEQORQPGPV HNQYOGVGT
HNQY TCVG EQODKPCVKQP 'CEJ EQORQPGPV FGHKPGF D[ VJG &CP.QCF EQPHKIWTCVKQP KU
CUUQEKCVGFYKVJCOGVGTPWODGTD[RTQITCOEQFGU/GVGT'CEJHNQYOGVGT
KUCWVQOCVKECNN[CUUKIPGFCHKZGFKPRWVPWODGT VQ FGRGPFGPVQPVJGRWNUGOGVGTECTFUNQV
NQECVKQPCPFQPDQCTFUYKVEJUGVVKPIU(QTGZCORNG%QORQPGPVPWODGTOC[DGCUUQEKCVGF
YKVJVJGHKZGFKPRWVHQTOGVGTPWODGT
7PKSWG OGVGT RTQXKPI TGEKRGU UJQWNF DG UGVWR VQ FGHKPG GCEJ UKPING EQORQPGPV HQT WUG KP
EQPVTQNNKPIVJGDNQEMXCNXGUQHCOWNVKEQORQPGPVDNGPFKPIU[UVGOFWTKPIOGVGTRTQXKPI
'ZCORNG
5GNGEV CP WPFGHKPGF TGEKRG PWODGT JKIJGT VJCP VJG NCUV FGHKPGF QRGTCVKQPCN TGEKRG CPF UGV VJCV
TGEKRG VQ FGNKXGT RGTEGPV QH EQORQPGPV UGV VJG PGZV TGEKRG VQ FGNKXGT[ RGTEGPV QH
EQORQPGPV5GVWRHTQOQPGVQHQWTTGEKRGU QPGHQTGCEJEQORQPGPV VJCVRGTOKVUGNGEVKQPCPF
RTQQHFGNKXGT[QHGCEJEQORQPGPVYKVJQWVCP[DNGPFKPI6JGUGVWREQWNFCRRGCTCUHQNNQYU
'ZCORNGOGVGTRTQQHTGEKRGUHQTCDNGPFGTU[UVGO
4GEKRG
2TQXG)CUQNKPG
%QORQPGPV
%QORQPGPV
%QORQPGPV
%QORQPGPV
5GSWGPEGVQNQCF :::
4GEKRG
2TQXG&KGUGN
%QORQPGPV
%QORQPGPV
%QORQPGPV
%QORQPGPV
5GSWGPEGVQNQCF :::
%QPVKPWG VQ FGHKPG C VJKTF TGEKRG HQT EQORQPGPV CPF C HQTVJ TGEKRG HQT EQORQPGPV OGVGT
RTQQHUKHTGSWKTGF
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JG ITQUU NQCFGF XQNWOG YKVJ VJG EWTTGPV OGVGT HCEVQT CRRNKGF VJCV VJG &CP.QCF
OGCUWTGUFWTKPIVJGFGNKXGT[QRGTCVKQPOWUVDGFKURNC[CDNGCHVGTCOGVGTRTQQHKUEQORNGVGF6JG
HQNNQYKPIFCVCGNGOGPVEQFGUCTGCXCKNCDNGHQTVJKURWTRQUG
&CVC%QFG&GHCWNV2TQITCO%QFG&GUETKRVKQP
6JGVCDNGCDQXGKPFKECVGUVJCVQPN[/VTITUNQCFKUFKURNC[CDNGKHVJG&CP.QCFKUKPVJG
FGHCWNVEQPHKIWTCVKQP+HVYQQTOQTGEQORQPGPVUCTGFGHKPGFVJGHNQYOGVGTCUUKIPOGPVHQT
GCEJ EQORQPGPV OWUV DG FGVGTOKPGF 1PEG VJG HNQY OGVGT EQORQPGPV TGNCVKQPUJKR KU
FGVGTOKPGFVJG/VTOITUNQCFRCTCOGVGTOWUVDGOCFGFKURNC[CDNGCUC&[PCOKE&CVC&KURNC[
GNGOGPV6JKUVCUMKUCEEQORNKUJGFCUHQNNQYU
2GTHQTOVJGHQNNQYKPIUVGRUVQCEVKXCVGFKURNC[QHVJGF[PCOKEFCVCEQFGUTGSWKTGFHQTOGVGTRTQQH
OQPKVQTKPI
'PVGT5GVWR/QFGUGNGEVVJGRTQITCOEQFGUNKUVGFCDQXGHQTGCEJFGHKPGFEQORQPGPVCPF
TGEQTFVJGHNQYOGVGTCUUKIPOGPV
&GEKFGYJKEJQHVJGUKZVGGPFGHCWNVF[PCOKEFCVCEQFGUCTGPQVQHKPVGTGUVHQTFKURNC[CV
[QWT KPUVCNNCVKQP 4GEQTF VJG EWTTGPV RTQITCO EQFG CUUKIPOGPV QH VJGUG FCVC FKURNC[
NQECVKQPU RTQITCOEQFGUVQ
5GNGEVRTQITCOEQFGUHTQOVQQTVQ FQPQVEJCPIGRTQITCOEQFG
&[PCOKE FCVC GNGOGPV /VT ITU NQCF YJKEJ KU WUGF VQ OQPKVQT VJG EQORQPGPV
FGNKXGT[VJTQWIJHNQYOGVGTPWODGT
'PVGTVJG&[PCOKE&CVC%QFGU/VTITUNQCF/VTITUNQCFCPF/VT
ITUNQCFCUTGSWKTGFHQTGCEJFGHKPGFHNQYOGVGTEQORQPGPVEQODKPCVKQP1PN[RTQITCO
EQFGUHQTFGHKPGFHNQYOGVGTEQORQPGPVEQODKPCVKQPUCTGFKURNC[CDNG
6JG&[PCOKE&CVC&KURNC[ECPPQYFKURNC[VJG/VTOITUNQCFRCTCOGVGTHQTGCEJFGHKPGF
HNQYOGVGTEQORQPGPVEQODKPCVKQP6JGXCNWGQHVJGCEVKXG/VTOITUNQCFRCTCOGVGT
KUQDVCKPGFCPFGPVGTGFKPVJGOGVGTRTQQHHQTOFWTKPICOGVGTRTQQH
0QVG 5GG 5GEVKQP HQT C EQORNGVG NKUV QH &[PCOKE &CVC %QFGU CPF UGG #RRGPFKZ # HQT VJG
UKZVGGPFGHCWNVCUUKIPOGPVU RTQITCOEQFGUVJTQWIJ
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
/GVGT(CEVQT%CNEWNCVKQP
6JGOGVJQFFGUETKDGFDGNQYHQTECNEWNCVKPICPGYOGVGTHCEVQTHQTC&CP.QCFIGPGTCNN[
HQNNQYUVJGRWDNKUJGF#2+OGVJQFYKVJVJGHQNNQYKPIOQFKHKECVKQPU
6JG#2+UVCPFCTFWUGUVJGHNQYOGVGTTGIKUVTCVKQPYJKEJKUVJGKPFKECVGFXQNWOGYKVJQWV
VJGEWTTGPVOGVGTHCEVQTCRRNKGF6JG&CP.QCFRCTCOGVGT/VTOITUNQCFZZZZZZ
KUVJGITQUUXQNWOGYKVJVJGEWTTGPVOGVGT HCEVQTHQTVJGCEVKXGEQORQPGPVHNQYTCVG
EQODKPCVKQPCRRNKGF6JGOGVGTRTQQHECNEWNCVKQPUFGUETKDGFKPVJKUUGEVKQPRTQXKFGCP
CFLWUVOGPVPWODGTYJKEJKUOWNVKRNKGFD[VJGEWTTGPVOGVGTHCEVQTVQFGVGTOKPGVJGXCNWG
QHVJGPGYOGVGTHCEVQT 0QVG6JGOGVGTHCEVQTECNEWNCVKQPOWUVDGRGTHQTOGFRTQRGTN[
QTNCTIGGTTQTUKPHNQYOGCUWTGOGPVCEEQWPVKPIECPQEEWT
6JG#2+UVCPFCTFWUGUEQORGPUCVKQPHQTVJGGHHGEVQHRTGUUWTGQPVJGQPVJGNKSWKF HCEVQT
%2.Z YJKEJKUTCTGN[WUGFCVCNQCFTCEMKPUVCNNCVKQP6QKIPQTG%2.ZGPVGTKPVJG
GSWCVKQP 0QVG6JGJCPFNKPIQH%2.ZOWUVDGFGVGTOKPGFD[NQECNTGIWNCVKQPUCPFVJG
RQNKE[QH[QWTQTICPK\CVKQPCPFENKGPVU
6JG#2+UVCPFCTFWUGUEQORGPUCVKQPHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKF HCEVQT
%6.Z CPFEQORGPUCVKQPHQTVJGGHHGEVQHRTGUUWTGQPVJGNKSWKF HCEVQT%2.Z HQTDQVJVJG
OCUVGTOGVGTCPFVJGTCEMOGVGT/CP[QTICPK\CVKQPUEQPUKFGTVJCVVJGOCUVGTOGVGTCPF
VJGTCEMOGVGTCTGQRGTCVKPICVKFGPVKECNRTQEGUUEQPFKVKQPUFWTKPIOGVGTRTQXKPIDCVEJ
FGNKXGTKGU6JGTGHQTG%6.ZCPF%2.ZCTGKIPQTGFCPFGPVGTGFCUKPVJGGSWCVKQPU
HQTDQVJVJGOCUVGTOGVGTCPFVJGTCEMOGVGT 0QVG6JGJCPFNKPIQH%6.ZCPF%2.ZOWUV
DGFGVGTOKPGFD[NQECNTGIWNCVKQPUCPFVJGRQNKE[QH[QWTQTICPK\CVKQPCPFENKGPVU
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGTGNCVKQPDGVYGGPVJG#2+XQNWOGFGUKIPCVKQPUCPFRTQXGTVCPMOCUVGTOGVGTCPFTCEMOGVGT
XQNWOGUCTGKPFKECVGFKPVJGHQNNQYKPIVCDNG
2TQXGT/GVGT8QNWOG4GNCVKQPUJKR
(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGVCDNG2TQXGT/GVGT8QNWOG4GNCVKQPUJKR(KIWTGUJQYUTGNCVKQPQHOGVGTXQNWOGU
VQVJGRTQXGTVCPMHQTKPHQTOCVKQPQPN[0QVGVJGHQNNQYKPIRQKPVU
6JGRTQXGTVCPMKUCHKZGFXQNWOGVCPMKPYJKEJVJGXQNWOGKUOGCUWTGFCVVJGPQOKPCN
CVOQURJGTKERTGUUWTG6JGTGHQTGVJGHQNNQYKPIHCEVQTUYJKEJFQPQVCRRN[VQVJGRTQXGT
VCPMCTGKIPQTGFCPFEQPUKFGTGFVQDGGSWCNVQ
OGVGTHCEVQT
%252 'HHGEVQHRTGUUWTGQPVJGUVGGNQHVJGXGUUGN
%2.2 'HHGEVQHRTGUUWTGQPVJGXQNWOGQHVJGNKSWKF
6JKUOGCPUVJCVVJGXQNWOGFGNKXGTGFVQVJGRTQXGTVCPMECPDGEQPUKFGTGFVQDGKPFKECVGF
XQNWOGYJKEJKUCNUQGSWCNVQITQUUXQNWOGDGECWUGCOGVGTHCEVQTKUPQVTGSWKTGFVQCFLWUV
VJGRTQXGTVCPMXQNWOG1PN[VGORGTCVWTGEQTTGEVKQPHCEVQTUECPDGCRRNKGFVQVJGNKSWKF
XQNWOGFGNKXGTGFVQVJGRTQXGTVCPM
6JGRTGUUWTGEQTTGEVKQPHCEVQTHQTVJGGHHGEVQHRTGUUWTGQPVJGNKSWKFKPVJGHNQYOGVGT
%2.Z KUWUWCNN[KIPQTGFCPFEQPUKFGTGFVQDGGSWCNVQHQTTCEMQRGTCVKQPU
6JG&[PCOKE&CVC&KURNC[GNGOGPV/VTOITUNQCFZZZZZZKPVJG&CP.QCFKUCP
CEEWOWNCVQTHQTITQUUXQNWOGYKVJCTGUQNWVKQPQHJWPFTGFUQHCXQNWOGWPKVUWEJCU
ICNNQPU
6JGOGVGTRTQQHOGVJQFUFGUETKDGFWUKPICTCEMOGVGTEQPPGEVGFVQC&CP.QCFWUGXCNWGU
QDVCKPGFHTQOVJG/VTOITUNQCFZZZZZZCEEWOWNCVQT6JGDCUKEECNEWNCVKQPUGSWGPEGYKVJQWV
VGORGTCVWTGEQTTGEVKQPHCEVQTUKUFGUETKDGFDGNQY
/GVGTRTQXKPIECNEWNCVKQP
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
YJGTG
OCUVGTOGVGT6JGXQNWOGOGCUWTGFD[VJGOCUVGTOGVGT
EQTTGEVGF D[ VJG OCUVGT OGVGT OGVGTHCEVQT VJG GHHGEV QH
VGORGTCVWTG QP VJG NKSWKF OGCUWTGF CPF QRVKQPCNN[ VJG
GHHGEVQHRTGUUWTGQPVJGNKSWKFOGCUWTGF
TCEMOGVGTEQTTGEVGFITQUUXQNWOG
6JGXQNWOGQDVCKPGFHTQOVJG&[PCOKE&CVC&KURNC[GNGOGPV/VT
OITUNQCFEQTTGEVGFHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKF
OGCUWTGF CPF QRVKQPCNN[ VJG GHHGEV QH RTGUUWTG QP VJG NKSWKF
OGCUWTGF
/GVGTRTQXKPIECNEWNCVKQP
YJGTG
TCEMOGVGTRGTEGPVGTTQT 6JGRGTEGPVCIGQHGTTQTKPVJGEQTTGEVGFXQNWOGFGNKXGT[
TCEMOGVGTEQTTGEVGFITQUUXQNWOG
6JGXQNWOGQDVCKPGFHTQOVJG&[PCOKE&CVC&KURNC[GNGOGPV/VT
OITUNQCFEQTTGEVGFHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKF
OGCUWTGF CPF QRVKQPCNN[ VJG GHHGEV QH RTGUUWTG QP VJG NKSWKF
OGCUWTGF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+H VJKU ECNEWNCVKQP RTQFWEGU C RGTEGPVCIG GTTQT VJCV KU YKVJKP VJG VQNGTCPEGU QH VJG TGIWNCVKPI
QTICPK\CVKQPUCPF[QWTQTICPK\CVKQPVJGEWTTGPVOGVGTHCEVQTKUEQPUKFGTGFVQDGCEEGRVCDNGCPF
PQHWTVJGTCEVKQPKUTGSWKTGF6JGGZCEVXCNWGOWUVDGFGVGTOKPGFD[VJGIQXGTPKPITGIWNCVKQPU
'ZCORNG #V[RKECNECNEWNCVKQPOKIJVRTQFWEGCTGUWNVQHYJKEJKUGSWCNVQQPGRGTEGPV
GTTQT
/GVGTRTQXKPIECNEWNCVKQP
%CNEWNCVGVJGCFLWUVOGPVVQDGCRRNKGFVQVJGEWTTGPVOGVGTHCEVQTKHKVJCUDGGPFGVGTOKPGFVJCV
VJGRGTEGPVCIGQHGTTQT ECNEWNCVKQP KUPQVCEEGRVCDNG
YJGTG
CFLWUVOGPV #OCVJGOCVKECNHCEVQTVJCVKUOWNVKRNKGFD[VJGEWTTGPVTCEMOGVGT
HCEVQTVQQDVCKPVJGPGYOGVGTHCEVQTVJKUHCEVQTKUVJGGTTQTKPVJG
EWTTGPV OGVGT HCEVQT 6*+5 07/$'4 +5 016 6*' 0'9
/'6'4(#%614
RTQXGTEQTTGEVGFITQUUXQNWOG
RTQXGT VCPM 6JG XQNWOG EQTTGEVGF HQT VJG GHHGEV QH
VGORGTCVWTGQPVJGVCPMUVGGNCPFVJGNKSWKFFGNKXGTGFVQVJG
RTQXGTVCPM
OCUVGTOGVGT6JGXQNWOGOGCUWTGFD[VJGOCUVGTOGVGT
EQTTGEVGF D[ VJG OCUVGT OGVGT HCEVQT VJG GHHGEV QH
VGORGTCVWTG QP VJG NKSWKF OGCUWTGF CPF QRVKQPCNN[ VJG
GHHGEVQHRTGUUWTGQPVJGNKSWKFOGCUWTGF
TCEMOGVGTEQTTGEVGFITQUUXQNWOG
6JGXQNWOGQDVCKPGFHTQOVJG&[PCOKE&CVC&KURNC[GNGOGPV/VT
OITUNQCFEQTTGEVGFHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKF
OGCUWTGF CPF QRVKQPCNN[ VJG GHHGEV QH RTGUUWTG QP VJG NKSWKF
OGCUWTGF 0QVG6JKUXQNWOGKUVJGITQUUXQNWOGYKVJVJGEWTTGPV
OGVGTHCEVQTCRRNKGF6JGWUGQHVJGITQUUXQNWOGKPVJGECNEWNCVKQP
KUVJGTGCUQPVJCVVJGPGYOGVGTHCEVQTECPPQVDGECNEWNCVGFD[VJKU
UVGR
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
/GVGTRTQXKPIECNEWNCVKQP
%CNEWNCVGVJGPGYOGVGTHCEVQTYJKEJYKNNDGOCPWCNN[GPVGTGFKPRTQITCOEQFGEEE%QORROGVGT
HCEVQTHEQTTGURQPFKPIVQVJGCEVKXGRTQITCOEQFGEEE%QORRHNQYTCVGT
YJGTG
TCEMOGVGTEWTTGPVOGVGTHCEVQT
6JG EWTTGPV OGVGT HCEVQT HQT VJG TCEM OGVGT QDVCKPGF HTQO
RTQITCO EQFG EEE %QOR R OGVGT HCEVQT H DGHQTG VJG OGVGT RTQQH
UGSWGPEGKUUVCTVGF
6JTGG GZCORNGU QH OGVGT HCEVQT ECNEWNCVKQPU CTG RTQXKFGF DGNQY 6JG ECNEWNCVKQPU UJQY VJG
TGNCVKQPDGVYGGPVJGOGCUWTGFXQNWOGUCPFVJGOGVGTHCEVQTCFLWUVOGPVUTGSWKTGF6QUKORNKH[
VJGGZCORNGUVJGVGORGTCVWTGCPFRTGUUWTGEQTTGEVKQPUCTGFKUTGICTFGF
#UUWOGVJCVVJGXQNWOGCEEWOWNCVGF/VTOITUNQCFKUICNNQPUCPFVJCVVJGTCEMOGVGT
EWTTGPV CEVKXG OGVGT HCEVQT KU HQT VJG EQORQPGPV HNQY TCVG EQODKPCVKQP 6JGP VJG
KPFKECVGFXQNWOGKUGSWCNVQICNNQPU
'SWCVKQP
'ZCORNG%QTTGEVFGNKXGT[CUUWOGCHVGTEQORNGVKQPQHCOGVGTRTQQHTWP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2CTCOGVGT8CNWG
EQTTGEVGFFGNKXGT[XQNWOG ICNNQPU
/VTOITUNQCF ICNNQPU
4#%-/'6'481.7/''4414 ICNNQPU
4#%-/'6'42'4%'06'4414 RGTEGPV
#&,756/'06
4#%-/'6'4%744'06/'6'4(#%614
'ZCORNG1PGRGTEGPVQXGTFGNKXGT[CUUWOGCHVGTEQORNGVKQPQHCOGVGTRTQQHTWP
2CTCOGVGT8CNWG
EQTTGEVGFFGNKXGT[XQNWOG ICNNQPU
/VTOITUNQCF ICNNQPU
4#%-/'6'481.7/''4414 ICNNQPU
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2CTCOGVGT8CNWG
#&,756/'06
4#%-/'6'4%744'06/'6'4(#%614
0'9/'6'4(#%614
Z
+PVJGGZCORNGCDQXGVJGCEEWOWNCVGF/VTOITUNQCFHQTVJGTCEMOGVGTKUNGUUVJCPVJGXQNWOG
FGNKXGTGFVQVJGRTQXGTVCPMQTOGCUWTGFVJTQWIJVJGOCUVGTOGVGT5KPEGVJGFGNKXGTGFEQTTGEVGF
ITQUU XQNWOG KU ITGCVGT VJCP VJG TCEM OGVGT EQTTGEVGF ITQUU XQNWOG VJG XCNWG QH VJG
EWTTGPVAOGVGTAHCEVQTKUNGUUVJCPKVUJQWNFDG6JGTGHQTGVJGPGYAOGVGTAHCEVQT UJQWNF
DGOCPWCNN[GPVGTGFHQTVJGXCNWGQHVJGCEVKXGRTQITCOEQFGEEE%QORROGVGTHCEVQTH
'ZCORNG1PGRGTEGPVWPFGTFGNKXGT[CUUWOGCHVGTEQORNGVKQPQHCOGVGTRTQQHTWP
2CTCOGVGT8CNWG
EQTTGEVGFFGNKXGT[XQNWOG ICNNQPU
/VTOITUNQCF ICNNQPU
4#%-/'6'481.7/''4414 ICNNQPU
#&,756/'06
4#%-/'6'4%744'06/'6'4(#%614
0'9/'6'4(#%614
Z
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
+PVJGGZCORNGCDQXGVJGCEEWOWNCVGF/VTOITUNQCFHQTVJGTCEMOGVGTKUITGCVGTVJCPVJG
XQNWOGFGNKXGTGFVQVJGRTQXGTVCPMQTOGCUWTGFVJTQWIJVJGOCUVGTOGVGT5KPEGVJGFGNKXGTGF
EQTTGEVGF ITQUU XQNWOG KU NGUU VJCP VJG TCEM OGVGT EQTTGEVGF ITQUU XQNWOG VJG XCNWG QH VJG
EWTTGPVAOGVGTAHCEVQTKUITGCVGTVJCPKVUJQWNFDG6JGTGHQTGVJGPGYAOGVGTAHCEVQT
UJQWNFDGOCPWCNN[GPVGTGFHQTVJGXCNWGQHVJGCEVKXGRTQITCOEQFGEEE%QORROGVGTHCEVQTH
+PKVKCN5GVWR
6JGGZCORNGUCDQXGFQPQVKPENWFGVGORGTCVWTGEQORGPUCVKQPECNEWNCVKQPU*QYGXGTFWTKPI
CEVWCN OGVGT RTQXKPI VJGUG ECNEWNCVKQPU OWUV DG RGTHQTOGF $GHQTG UVCTVKPI OGVGT RTQXKPI
QDVCKP C EQR[ QH 6CDNG # 6GORGTCVWTG %QTTGEVKQP (CEVQTU HQT /KNF 5VGGN QT 6CDNG #
6GORGTCVWTG%QTTGEVKQP(CEVQTUHQT5VCKPNGUU5VGGNHTQO#2+/2/5%JCRVGT 5GEVKQP
+PUVTWEVKQPUHQT%CNEWNCVKPI.KSWKF2GVTQNGWO3WCPVKVKGU/GCUWTGFD[6WTDKPGQT&KURNCEGOGPV
/GVGTUHQTWUGKPECNEWNCVKPI%652#PFQDVCKPCEQR[QH6CDNG#$%#QT$HTQO
#2+/2/5%JCRVGT8QNWOG%QTTGEVKQP(CEVQTUHQTWUGKPECNEWNCVKPI%6.2CPF%6./
2GTHQTOVJGHQNNQYKPIRTGNKOKPCT[UVGRU
12'0VJG9GKIJVU/GCUWTGUUYKVEJ TGNGCUGVQGZVGPFGFRQUKVKQP
'PVGT2CUUEQFGKPTGURQPUGVQRTQORVOGUUCIG
'PVGT5GVWR/QFG YKVJDQZEWTUQTQP5GVWRUGNGEVKQPRTGUU'06'4MG[
#EEGUUCPFEJCPIGRTQITCOEQFGUCUFGUETKDGFDGNQY TGHGTVQVJGVCDNGUNQECVGFCVVJG
GPFQHVJKUUGEVKQPHQTRTQITCOEQFGKPHQTOCVKQP
+H VJG &CP.QCF KU C OWNVKEQORQPGPV DNGPFGT URGEKH[ C OGVGT RTQQH TGEKRG CU
FGUETKDGFCDQXGVQUGNGEVVJGFGUKTGFEQORQPGPVHQTRTQQH+HVJG&CP.QCFFGNKXGTU
QPN[QPGEQORQPGPVTGEKRGPWODGTYJKEJURGEKHKGUCQPGEQORQPGPVVQQPGHNQY
OGVGTTGNCVKQPUJKRKUUGNGEVGFCWVQOCVKECNN[
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0WODGTQHHCEVQTUEQORQPGPV
5GVVQVQHQTEGEQPVKPWQWUNQYHNQYTCVGHQTHKTUVOGVGTRTQQH UGGCFFKVKQPCNKPHQTOCVKQP
DGNQY
/GVGTHCEVQTOGVJQF
5GVVQHKZGFUQVJCVOGVGTHCEVQTKPVGTRQNCVKQPDCUGFQPHNQYTCVGKUFKUCDNGF
0QOKPCN-HCEVQT
1DVCKPCEVWCNOGVGT-HCEVQTHTQOHNQYOGVGTPCOGRNCVGCPFTQWPFVQPGCTGUVVGPVJGPVGT
TGUWNV GZCORNGPCOGRNCVG-HCEVQTKUGPVGT
/CUVGTOGVGTHCEVQT
&KXKFGRTQITCOEQFGEEE0QOKPCN-HCEVQTD[CEVWCN-HCEVQTHTQOPCOGRNCVGCPFTQWPF
VQ HQWT FGEKOCN RNCEGU ='ZCORNG FKXKFGF D[ GPVGT TGUWNV
? 0QVG6JGEEE/CUVGTOGVGTHCEVQTKUWUGFVQGUVCDNKUJCRNWUOKPWUVYQ
RGTEGPVNKOKVHQTGPVTKGUKPVJGHQWTRTQITCOEQFGUEEE%QORRHNQYTCVGTQHVJGTGNCVGF
EQORQPGPVVJKURCTCOGVGTKUPQVWUGFKPXQNWOGECNEWNCVKQPU
5VQRTCVG
5GVVJGHNQYTCVGCVYJKEJVJKUEQORQPGPVKUFGNKXGTGFFWTKPIVJGEQORQPGPVçUEQPHKIWTGF
NQYHNQYUVQRXQNWOGCVVJGGPFQHCPKPNKPGDCVEJ6JGQXGTCNNHNQYTCVGQHVJGDNGPFCV
VJGGPFQHCDCVEJKUVJGUWOQHVJGUVQRTCVGUQHCP[HNQYKPIEQORQPGPVU
+HCPGZKUVKPIRTGUGVU[UVGOVJCVWUGUCPGHHGEVKXG-HCEVQTHQTGCEJHNQYTCVGKUTGRNCEGFD[
C&CP.QCFVJG&CP.QCFTGSWKTGUCPQOKPCN-HCEVQTCPFOGVGTHCEVQTHQT
GCEJHNQYTCVG5GVRTQITCOEQFG0QOKPCN-HCEVQTCUKPFKECVGF
CDQXGGPVGTRTQITCOEQFGEEE%QORROGVGTHCEVQTHCURTQITCOEQFGEEE0QOKPCN-
HCEVQT FKXKFGF D[ VJG GHHGEVKXG -HCEVQT HQT VJG HNQY TCVG CPF TQWPFGF VQ HQWT FGEKOCN
RNCEGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JGHQNNQYKPIVYQRCTCOGVGTITQWRGPVTKGUCTGTGSWKTGFHQTCNNFGHKPGFEQORQPGPVU
%QORRHNQYTCVG
6JKURCTCOGVGTUJQWNFDGUGVVQVJGFGUKTGFNQYHNQYUVCTVNQYHNQYUVQRHNQYTCVGVJCV
YKNNDGWUGFKPCEVWCNNQCFKPIQHVJGKPFKECVGFEQORQPGPVR6JGHKTUVHNQYOGVGTRTQQH
YKNNCNYC[UDGCVVJKUHNQYTCVG
%QORROGVGTHCEVQT
6JKU RCTCOGVGT KU VJG CEVWCN OGVGT HCEVQT VJCV KU WUGF VQ ECNKDTCVG VJG HNQY OGVGT
TGIKUVTCVKQPYJGPVJGHNQYKUCVVJGHNQYTCVGUGVKPVJGEQTTGURQPFKPIRTQITCOEQFGEEE
%QORRHNQYTCVG6JKUPWODGTUJQWNFJCXGDGGPTGEQTFGFKPCPQRGTCVKQPCNKPUVCNNCVKQP
CUVJGEWTTGPVOGVGTHCEVQT&QPQVEJCPIGCPGZKUVKPIEWTTGPVOGVGTHCEVQT
6JGHQNNQYKPIVYQRCTCOGVGTITQWRGPVTKGUCTGTGSWKTGFHQTCNNFGHKPGFEQORQPGPVUKPCVYQ
UVCIG NQYHNQYPQTOCNHNQY NQCFKPIU[UVGO
%QORRHNQYTCVG
6JKURCTCOGVGTUJQWNFDGUGVVQVJGFGUKTGFOCZKOWOHNQYQTHKTUVHCNNDCEMHNQYTCVGVJCV
YKNNDGWUGFKPCEVWCNNQCFKPIQHVJGKPFKECVGFEQORQPGPVR
%QORROGVGTHCEVQT
6JKU RCTCOGVGT KU VJG CEVWCN OGVGT HCEVQT VJCV KU WUGF VQ ECNKDTCVG VJG HNQY OGVGT
TGIKUVTCVKQPYJGPVJGHNQYKUCVVJGHNQYTCVGUGVKPVJGEQTTGURQPFKPIEEE%QORRHNQYTCVG
RCTCOGVGT6JKUPWODGTUJQWNFJCXGDGGPTGEQTFGFKPCPQRGTCVKQPCNKPUVCNNCVKQPCUVJG
EWTTGPVOGVGTHCEVQT&QPQVEJCPIGCPGZKUVKPIEWTTGPVOGVGTHCEVQT+HVJKUKUCPGY
KPUVCNNCVKQPQTVJGTCEMOGVGTJCUPGXGTDGGPRTQXGFKPVJKUKPUVCNNCVKQPGPVGTVJGXCNWGQH
RTQITCOEQFG/CUVGTOGVGTHCEVQTEQTTGURQPFKPIVQVJGEQORQPGPV
PWODGT
6JGHQNNQYKPIHQWTRCTCOGVGTITQWRGPVTKGUCTGTGSWKTGFHQTCNNFGHKPGFEQORQPGPVUQPN[KP
NQCFKPIU[UVGOUVJCVFGHKPGVJTGGQTHQWTHNQYTCVGUHQTNQCFKPI
%QORRHNQYTCVG
6JKURCTCOGVGTUJQWNFDGUGVVQVJGFGUKTGFOCZKOWOHNQYQTUGEQPFHCNNDCEMHNQYTCVG
VJCVYKNNDGWUGFKPCEVWCNNQCFKPIQHVJGKPFKECVGFEQORQPGPVR
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%QORROGVGTHCEVQT
6JKU RCTCOGVGT KU VJG CEVWCN OGVGT HCEVQT VJCV KU WUGF VQ ECNKDTCVG VJG HNQY OGVGT
TGIKUVTCVKQPYJGPVJGHNQYKUCVVJGHNQYTCVGUGVKPVJGEQTTGURQPFKPIRTQITCOEQFGEEE
%QORRHNQYTCVG6JKUPWODGTUJQWNFJCXGDGGPTGEQTFGFKPCPQRGTCVKQPCNKPUVCNNCVKQP
CUVJGEWTTGPVOGVGTHCEVQT&QPQVEJCPIGCPGZKUVKPIEWTTGPVOGVGTHCEVQT+HVJKUKUC
PGYKPUVCNNCVKQPQTVJGTCEMOGVGTJCUPGXGTDGGPRTQXGFKPVJKUKPUVCNNCVKQPGPVGTVJG
XCNWGQHRTQITCOEQFG/CUVGTOGVGTHCEVQTEQTTGURQPFKPIVQVJG
EQORQPGPVPWODGT
%QORRHNQYTCVG
6JKURCTCOGVGTUJQWNFDGUGVVQVJGFGUKTGFOCZKOWOHNQYTCVGVJCVYKNNDGWUGFKPCEVWCN
NQCFKPIQHVJGKPFKECVGFEQORQPGPVR
%QORROGVGTHCEVQT
6JKU RCTCOGVGT KU VJG CEVWCN OGVGT HCEVQT VJCV KU WUGF VQ ECNKDTCVG VJG HNQY OGVGT
TGIKUVTCVKQPYJGPVJGHNQYKUCVVJGHNQYTCVGUGVKPVJGEQTTGURQPFKPIRTQITCOEQFGEEE
%QORRHNQYTCVG6JKUPWODGTUJQWNFJCXGDGGPTGEQTFGFKPCPQRGTCVKQPCNKPUVCNNCVKQP
CUVJGEWTTGPVOGVGTHCEVQT&QPQVEJCPIGCPGZKUVKPIEWTTGPVOGVGTHCEVQT
#UOGPVKQPGFCDQXGVJGOGVGTHCEVQTHQTRTQITCOEQFGEEE%QORRHCEVQTYKNNCNYC[U
DGFGVGTOKPGFHKTUV6QCUUWTGEQPVKPWGFHNQYCVRTQITCOEQFGEEE%QORRHNQYTCVG
TCVGUGVRTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQ
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6CPM2TQXGT/GVJQF
4CEMOGVGTUQTCOCUVGTOGVGTCTGRTQXGFYKVJCVCPMRTQXGTD[NQCFKPICDCVEJQHQPGRTQFWEV
CV QPG HNQY TCVG VQ VJG RTQXGT VCPM 6JG HTGSWGPE[ QH OGVGT RTQQHU QH TCEM OGVGTU OWUV DG
FGVGTOKPGFD[EQORCP[RQNKE[QTTGIKQPCNTGIWNCVKQPU4CEMOGVGTUUJQWNFDGRTQXGFQPGCEJ
RTQFWEVCPFCVVJGPQTOCNFGNKXGT[HNQY TCVG HQTGCEJRTQFWEV6JGUGVQHRTQQHUQHVJGTCEM
OGVGTU RTQXKFG C NKUV QH OGVGT HCEVQTU TGNCVGF VQ GCEJ RTQFWEV HNQY TCVG EQODKPCVKQP 6JG
EQTTGURQPFKPI OGVGT HCEVQT KU VJGP GPVGTGF KPVQ VJG &CP.QCF CPF KU CWVQOCVKECNN[ CEVKXG
YJGPVJGTGNCVGFRTQFWEVHNQYTCVGEQODKPCVKQPKUCEVKXG
#OGVGTRTQQHKURGTHQTOGFD[VJGVCPMRTQXGTOGVJQFKPVJGHQNNQYKPIOCPPGT
# OGVGT RTQQH YGVVKPI TWP UJQWNF DG RGTHQTOGF HKTUV VQ YGV VJG RTQXGT VCPM CPF JGNR
UVCDKNK\GVJGVGORGTCVWTGKPVJGTCEMOGVGTRTQXGTVCPMEKTEWKV6JGYGVVKPITWPKUCRTQQH
TWPYKVJQWVTGEQTFKPIFCVC
#NKSWKFDCVEJVJCVYKNNHKNNVJGVCPMRTQXGTVQCNKSWKFNGXGNXKUKDNGKPVJGITCFWCVGFUGEVKQP
KUFGHKPGFCPFFGNKXGTGFVQCRTQXGTVCPM
2TQQH FCVC KU ICVJGTGF CPF OCPWCN ECNEWNCVKQPU CTG RGTHQTOGF VQ FGVGTOKPG VJG GTTQT
DGVYGGPVJGRTQXGTVCPMXQNWOG EQTTGEVGFHQTVGORGTCVWTG CPFVJGCPFVJGHNQYOGVGT
TGIKUVTCVKQP EQTTGEVGFHQTVGORGTCVWTG
6JG XQNWOG CPF RGTEGPVCIG GTTQT CTG ECNEWNCVGF +H PGEGUUCT[ C PGY OGVGT HCEVQT KU
ECNEWNCVGF
6JGPGYOGVGTHCEVQTYJKEJUJQWNFCNYC[UDGPGCTKUOCPWCNN[GPVGTGFKPVQVJG
&CP.QCFHQTVJGCEVKXGRTQITCOEQFGEEE%QORROGVGTHCEVQTHYJGTGEEEKUQPG
QHVJGHQNNQYKPIRTQITCOEQFGU
FGRGPFGPVQPVJGEQORQPGPVPWODGTR VQ CPF
VJGOGVGTHCEVQTPWODGTH VQ
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6CPM2TQXGT/GVGT2TQQH470
(QT VJKU GZCORNG CUUWOG VJCV VJG NQCFKPI U[UVGO KU C VYQ EQORQPGPV DNGPFGT CPF VJCV GCEJ
EQORQPGPVKUNQCFGFCVQPGQHVJTGGHNQYTCVGU=NQYHNQYUVCTVUVQRHCNNDCEMCPFPQTOCN
JKIJ HNQY?#P[QVJGTEQPHKIWTCVKQPHTQOCQPGEQORQPGPVQPGHNQYTCVGU[UVGOVQCHQWT
EQORQPGPVHQWTHNQYTCVGU[UVGOKURTQXGF KP C UKOKNCTOCPPGTD[RTQXKPIGCEJEQORQPGPV
HNQYOGVGT CVGCEJHNQYTCVGKPHNQYTCVGCUEGPFKPIQTFGT6JGEQORQPGPVQTFGTQHRTQXKPI
KUPQVKORQTVCPV
/CMGVJGU[UVGOOGEJCPKECNN[CPFGNGEVTKECNN[TGCF[HQTFGNKXGT[QHCNKSWKFDCVEJVQVJG
RTQXGTVCPM
5GNGEVVJGRTGXKQWUN[FGHKPGFTGEKRGHQTRTQXKPIEQORQPGPV TGEKRGFGHKPKVKQPUCTGKPVJG
RTQITCOEQFGUVQ
5GVRTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQVQCUUWTGVJCVQPN[VJGNQYHNQY
TCVGKUWUGF
8GTKH[QTUGVVJGNQYHNQYTCVGYKVJRTQITCOEQFG
'ZKVVJG5GVWR/GPW
#VVJG.QCFKPI&KURNC[GPVGTVJGRTGUGVXQNWOGCUVJGXQNWOGQHVJGRTQXGTVCPM
+PKVKCVGVJGDCVEJFGNKXGT[VQVJGRTQXGTVCPM
/QPKVQTVJGXQNWOGFGNKXGTGFKPVJGF[PCOKEFCVCFKURNC[2TGUU5'.'%6MG[U
VQ FKURNC[ KVGO /VT ITU NQCF PPP 6JKU XQNWOG KU VJG ITQUU WPEQORGPUCVGF
XQNWOGWPKVUFGNKXGTGFCFLWUVGFD[VJGEWTTGPVCEVKXGOGVGTHCEVQTVQJWPFTGFVJUQHC
XQNWOGWPKV
#HVGTVJGFGNKXGT[KUVGTOKPCVGFFGVGTOKPGVJGPGYOGVGTHCEVQTD[GPVGTKPIVJGFCVCKP
CEQR[QHVJG/'6'42418+0)4'2146(146#0-2418'4/'6*1&HQTO470
EQNWOP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6CPM2TQXGT/GVGT2TQQH470
#VVJKURQKPVVJGPGYOGVGTHCEVQTRTQITCOEQFG%QOROGVGTHCEVQTKUYKVJKPVQNGTCPEG
CPFCEEGRVGF6JGPGZVJKIJGTHNQYTCVGRTQITCOEQFG%QORHNQYTCVGKUWUGFVQ
FGVGTOKPGVJGOGVGTHCEVQTHQTVJCVHNQYTCVG#UUWOGVJCVHNQYTCVGKU)2/CPHCNNDCEM
HNQYTCVGVJCVKUWUGFCUCHCNNDCEMHNQYTCVGKHVJGOCZKOWOHNQYTCVGECPPQVDGOCKPVCKPGF5GV
%QORHNQYTCVGVQ
&WTKPI VJG OGVGT RTQQH CV VJG NQY HNQY TCVG VJG NQY HNQY TCVG YCU HQTEGF CEVKXG D[ UGVVKPI
RTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQUQVJCVVJG&CP.QCFCEVKXCVGUVJGNQY
HNQYTCVGQPN[5GVRTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQCVVJKUVKOGVQGPCDNG
HNQYCVVJGPGZVJKIJGTHNQYTCVG
6JG OGVGT RTQQH HQT EQORQPGPV HNQY TCVG KU RGTHQTOGF UKOKNCT VQ VJG OGVGT RTQQH HQT
EQORQPGPVHNQYTCVGGZEGRVVJCVVJG&CP.QCFKURGTOKVVGFVQTCORWRCPFTCORFQYP
VJGHNQYTCVGYKVJVJGHNQYEQPVTQNXCNXG6JGHNQYTCVGFWTKPIUVCTVCPFUVQRVKOGUKUFGVGTOKPGF
D[VJGXCNWGQHRTQITCOEQFG%QORHNQYTCVG
'ZCORNG
+HVJGHNQYTCVGKU)2/CPFVJGUVCTVUVQRXQNWOGUCTGICNNQPUVJGVKOGCVNQYHNQYKU
CRRTQZKOCVGN[UGEQPFUFWTKPIUVCTVWRCPFUGEQPFUFWTKPIUJWVFQYP#NNQHVJGRTQITCO
EQFGUVJCVKPCP[YC[CHHGEVVJGHNQYTCVGUXQNWOGUQTOGVGTHCEVQTUCVNQYGTHNQYTCVGUOWUV
DGUGVVQVJGKTPQTOCNQRGTCVKQPCNXCNWGUDGHQTG EQPFWEVKPIOGVGTRTQQHUCVJKIJGTHNQYTCVGU
#HVGTVJGTCEMOGVGTKURTQXGFCVVJGJKIJGUVHNQYTCVGHQTCEQORQPGPV6JGXCNWGUQHCP[QHVJG
RTQITCO EQFGU VJCV CHHGEV OGVGT RTQQHU HQT VJCV EQORQPGPV UJQWNF PQV DG EJCPIGF +H KV KU
PGEGUUCT[VQTG2TQXGCTCEMOGVGTCVCHNQYTCVGNGUUVJCPVJGJKIJGUVHNQYTCVGTG2TQXGCVCNN
NQYGTHNQYTCVGUKPHNQYTCVGCUEGPFKPIQTFGT
6CPM2TQXGT/GVGT2TQQH470
#VVJKURQKPVVJGPGYOGVGTHCEVQTRTQITCOEQFG%QOROGVGTHCEVQTKUYKVJKPVQNGTCPEG
CPF CEEGRVGF 6JG PGZV JKIJGT HNQY TCVG RTQITCO EQFG %QOR HNQY TCVG KU WUGF VQ
FGVGTOKPGVJGOGVGTHCEVQTHQTVJCVHNQYTCVG#UUWOGVJCVHNQYTCVGKU)2/VJGOCZKOWO
PQTOCN NQCFKPIHNQYTCVGHQTEQORQPGPV5GVRTQITCOEQFG%QORHNQYTCVGVQ
6JG OGVGT RTQQH HQT EQORQPGPV HNQY TCVG KU RGTHQTOGF UKOKNCT VQ VJG OGVGT RTQQH HQT
EQORQPGPVHNQYTCVG
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
+HVJGHQWTVJHNQYTCVGHQTEQORQPGPVYGTGFGHKPGFVJGOGVGTRTQQHCVVJKUHNQYTCVGYQWNFDG
EQPFWEVGFKPCUKOKNCTOCPPGTCUFGUETKDGFCDQXG
/GVGT2TQQHUHQT%QORQPGPV
#UUWOGCVVJKURQKPVVJCVVJGOGVGTHCEVQTUHQTEQORQPGPVCVHNQYTCVGUCPF CU
TGSWKTGF JCXG DGGP FGVGTOKPGF CPF GPVGTGF KPVQ RTQITCO EQFGU CU
TGSWKTGF +PQTFGTVQRGTHQTOVJGOGVGTRTQQHQTRTQQHUHQTEQORQPGPVEQORQPGPVOWUVDG
FKUCDNGF CPF EQORQPGPV GPCDNGF 6JKU KU CEEQORNKUJGF D[ UGNGEVKPI VJG RTGXKQWUN[ FGHKPGF
TGEKRGHQTRTQXKPIEQORQPGPV TGEKRGFGHKPKVKQPUCTGKPVJGRTQITCOEQFGITQWRVQ
6JGUGVQHHTQOQPGVQHQWTOGVGTRTQQHUEQTTGURQPFKPIVQHNQYTCVGUHQTEQORQPGPVECPPQY
DGEQPFWEVGF(QNNQYVJGUVGRUFGUETKDGFCDQXGHQTOGVGTRTQQHUGSWGPEGU
6JGHKGNFUEQPVCKPGFKPVJG/'6'42418+0)4'2146(146#0-2418'4/'6*1&(KIWTG
CTGFGUETKDGFDGNQY
(KGNF&GUETKRVKQP
5VCVKQP 0COGQHUVCVKQPQTVGTOKPCN
&CVG6KOG &CVGCPFVKOGQHOGVGTRTQQH
/GVGT6CI 2TQEGUUVCIPWODGTQHHNQYOGVGT
/GVGT50 5GTKCNPWODGTQHHNQYOGVGT
/GVGT/HI /CPWHCEVWTGTQHHNQYOGVGT
/GVGT/QFGN /QFGNPWODGTQHHNQYOGVGT
/GVGT5K\G &KCOGVGTQHHNQYOGVGT
2TQFWEV 2TQFWEV EQORQPGPV WUGFHQTOGVGTRTQQH
#2+)TCXKV["Q( 6JG#2+ITCXKV[QHVJGRTQFWEV
(TQO6CPM0Q 5QWTEGVCPMKFGPVKHKECVKQP
6Q2TQXGT6CPM0Q &GUVKPCVKQPVCPMKFGPVKHKECVKQP RTQXGTVCPMKFGPVKHKECVKQP
+PKVKCN6QVCNK\GT4GCFKPI 0QPTGUGVCDNGVQVCNK\GTTGCFKPIDGHQTGOGVGTRTQQH
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQXGT6CPM8QNWOG&CVC
(NQYTCVG 6JGHNQYTCVGVJCVKUUGVKPVJGRTQITCOEQFGEEE%QORRHNQYTCVG
TEQTTGURQPFKPIVQVJGOGVGTRTQQHTWP#EVWCNHNQYTCVGECPDG
XGTKHKGFD[CEEWTCVGN[VKOKPIVJGRGTKQFQHFGNKXGT[VQVJGRTQXGT
VCPM VJGP FKXKFKPI VJG XQNWOG FGNKXGTGF D[ VJG VKOG VQ FGNKXGT
'ZCORNGICNNQPUFGNKXGTGFKPOKPWVGUUGEQPFUGSWCNU
ICNNQPURGTOKPWVG
%652 %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGRTQXGTVCPM
UVGGNQDVCKPGFHTQO#2+/2/5%JCRVGT5GEVKQP6CDNG#
QT6CDNG#
%6.2 %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKFKPVJG
RTQXGTVCPMQDVCKPGFHTQO#2+/2/5%JCRVGT6CDNGQT
6CDNG
%QTTGEVGF&GNKXGT[8QNWOG
6JG XQNWOG EQTTGEVGF HQT VGORGTCVWTG GHHGEVU QH NKSWKF KP VJG
RTQXGT VCPM QDVCKPGF D[ OWNVKRN[KPI &GNKXGT[ VQ 6CPM NKPG
VKOGU%%(2 NKPG
.QCF4CEM/GVGT&CVC
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
4CEM/GVGT/GCUWTGF)TQUU8QNWOG
6JG ITQUU XQNWOG CEEWOWNCVGF FWTKPI VJG OGVGT RTQQH TWP
QDVCKPGFD[UWDVTCEVKPI/VTOITUNQCF (KPCN HTQO/VTOITUNQCF
+PKVKCN
4CEM/GVGT6GORGTCVWTG
6JGVGORGTCVWTGQHVJGRTQFWEVENQUGVQVJGWRUVTGCOQTFQYPUVTGCO
UKFGQHVJGHNQYOGVGT WUWCNN[WRUVTGCO
%6./ %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKFKPVJG
HNQYOGVGTQDVCKPGFHTQO#2+/2/5%JCRVGT6CDNGQT
6CDNG 0QVG%6./KUUGVVQKHVJGRWNUGKPRWVHTQOVJG
HNQYOGVGTKUVGORGTCVWTGEQORGPUCVGFKPVJGHKGNFDGHQTGKPRWVVQ
VJG&CP.QCF
4CEM/GVGT2TGUUWTG 6JGRTGUUWTGQHVJGRTQFWEVENQUGVQVJGWRUVTGCOQTFQYPUVTGCO
UKFGQHVJGHNQYOGVGT WUWCNN[WRUVTGCO
%2./ %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHRTGUUWTGQPVJGNKSWKFKPVJGHNQY
OGVGTWUWCNN[UGVVQCPFPQVEQPUKFGTGFTGHGTVQVJG#2+
/2/5HQTCFFKVKQPCNKPHQTOCVKQP
4CEM/GVGT%QTTGEVGF)TQUU8QNWOG
6JGVGORGTCVWTG CPFQRVKQPCNN[RTGUUWTG EQORGPUCVGFXQNWOG
CEEWOWNCVGFD[VJGTCEMOGVGTFWTKPIVJGOGVGTRTQXKPIQDVCKPGF
D[OWNVKRN[KPI4CEM/GVGT/GCUWTGF)TQUU8QNWOGVKOGU%%(/
4CEM/GVGT8QNWOG'TTQT
6JGFKHHGTGPEGDGVYGGPVJGEQTTGEVGFFGNKXGT[XQNWOGVQVJGRTQXGT
VCPMCPFVJGTCEMOGVGTEQTTGEVGFITQUUXQNWOG
4CEM/GVGT2GTEGPV'TTQT
6JGRGTEGPVQHGTTQTKPVJGTCEMOGVGTCEEWOWNCVGFXQNWOG
#FLWUVOGPV #ECNEWNCVGFPWODGTVJCVKUWUGFVQCFLWUVVJGEWTTGPVCEVKXGOGVGT
HCEVQT
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
/CUVGT/GVGT/GVJQF
# OCUVGT OGVGT KU C HNQY OGVGT VJCV KU WUGF CU C TGHGTGPEG UVCPFCTF HQT XQNWOG OGCUWTGOGPV
EQORCTKUQP YKVJ TCEM OGVGTU 6JG XQNWOG OGCUWTGF D[ VJG OCUVGT OGVGT KU FGVGTOKPGF D[
RTQXKPIVJGOCUVGTOGVGTYKVJCVCPMRTQXGT6JGHTGSWGPE[QHOGVGTRTQQHUQHVJGOCUVGTOGVGT
OWUVDGFGVGTOKPGFD[EQORCP[RQNKE[QTTGIKQPCNTGIWNCVKQPU#UCOKPKOWOVJGOCUVGTOGVGT
UJQWNFDGRTQXGFVYKEGC[GCT+HVJGOCUVGTOGVGTKURTQXGFKPOKFURTKPICPFOKFHCNNVJG
OGCUWTGOGPV CEEWTCE[ QH VJG OCUVGT OGVGT YKNN DG CRRTQZKOCVGN[ CFLWUVGF HQT UGCUQPCN
VGORGTCVWTGEJCPIGUVJCVCHHGEVVJGVGORGTCVWTGQHVJGRTQFWEVUJCPFNGF6JGOCUVGTOGVGTOWUV
DGRTQXGFQPGCEJRTQFWEVCPFCVVJGPQTOCNFGNKXGT[HNQYTCVGHQTGCEJRTQFWEV6JGUGVQH
RTQQHU QH VJG OCUVGT OGVGT RTQXKFG C NKUV QH OGVGT HCEVQTU TGNCVGF VQ GCEJ RTQFWEV HNQY TCVG
EQODKPCVKQP6JGEQTTGURQPFKPIOGVGTHCEVQTKUVJGPWUGFKPVJGECNEWNCVKQPYJGPRTQXKPICTCEM
OGVGTYKVJVJGUCOGRTQFWEVHNQYTCVGEQODKPCVKQP
#OGVGTRTQQHKURGTHQTOGFD[VJGOCUVGTOGVGTOGVJQFKPVJGHQNNQYKPIOCPPGT
5GV VJG NQCFKPI U[UVGO XCNXGU VQ VJG RTQRGT RQUKVKQPU UQ VJCV CNN HNQY VJTQWIJ VJG TCEM
OGVGTVQDGRTQXGFKUTQWVGFKPUGTKGUYKVJVJGOCUVGTOGVGT#UUWTGVJCVPQNGCMCIGQT
D[RCUURCVJUCTGRTGUGPVCVGKVJGTHNQYOGVGTQTKPVGTEQPPGEVKPIRKRG
%QPPGEVCPGNGEVTQPKERTQXGTEQWPVGTVQVJGTCYRWNUGQWVRWVQHVJGOCUVGTOGVGT
#OGVGTRTQQHUVCDKNK\KPITWPUJQWNFDGRGTHQTOGFHKTUVVQJGNRUVCDKNK\GVJGVGORGTCVWTG
KPVJGRTQQHOGVGTOCUVGTOGVGTEKTEWKV6JGUVCDKNK\KPITWPKUCRTQQHTWPYKVJQWVFCVC
TGEQTFGF
#NKSWKFDCVEJVJCVUCVKUHKGUVJGOKPKOWORTQQHDCVEJTGSWKTGOGPVUUVCVGFKPVJGFGHKPKVKQP
QH/CUVGT/GVGT2TQQHCVVJGDGIKPPKPIQHVJKUUGEVKQPKUFGHKPGFCPFFGNKXGTGFVQCVCPM
2TQQH FCVC KU ICVJGTGF CPF OCPWCN ECNEWNCVKQPU CTG RGTHQTOGF VQ FGVGTOKPG VJG GTTQT
DGVYGGPVJGOCUVGTOGVGTXQNWOG=EQTTGEVGFHQTVGORGTCVWTG CPFQRVKQPCNN[RTGUUWTG ?
CPFVJGCPFVJGRTQQHHNQYOGVGTTGIKUVTCVKQP=EQTTGEVGFHQTVGORGTCVWTG CPFQRVKQPCNN[
RTGUUWTG ?
# PGY OGVGT HCEVQT KU ECNEWNCVGF D[ FKXKFKPI VJG XQNWOG OGCUWTGF VJTQWIJ VJG OCUVGT
OGVGTD[VJGXQNWOGTGIKUVGTGFD[VJGRTQQHHNQYOGVGT6JGOGCUWTGFVJTQWIJVJGOCUVGT
OGVGTCPFVJGXQNWOGTGIKUVGTGFD[VJGRTQQHHNQYOGVGTCTGEQORGPUCVGFHQTVJGGHHGEV
QHVGORGTCVWTGQPVJGNKSWKFCPFQRVKQPCNN[EQORGPUCVGFHQTVJGGHHGEVQHRTGUUWTGQPVJG
NKSWKF+HEQORGPUCVKQPECNEWNCVKQPKURGTHQTOGFHQTGKVJGTVJGOCUVGTOGVGTQTVJGRTQQH
HNQY OGVGT C UKOKNCT EQORGPUCVKQP ECNEWNCVKQP OWUV DG RGTHQTOGF HQT VJG QVJGT HNQY
OGVGT
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
7PFGTFGNKXGT[+HVJGHNQYOGVGTTGIKUVGTGFFGNKXGT[XQNWOG /VTOITUNQCF
FWTKPIVJGRTQQHTWPKUITGCVGTVJCPVJGXQNWOGOGCUWTGFD[VJGOCUVGTOGVGTVJG
OGVGTHCEVQTXCNWGYKNNDGFGETGCUGFVQEQTTGEVVJGHNQYOGVGTOGCUWTGOGPVGTTQT
1XGTFGNKXGT[+HVJGHNQYOGVGTTGIKUVGTGFFGNKXGT[XQNWOG /VTOITUNQCF
FWTKPIVJGRTQQHTWPKUNGUUVJCPVJGXQNWOGOGCUWTGFD[VJGOCUVGTOGVGTVJG
OGVGTHCEVQTXCNWGYKNNDGKPETGCUGFVQEQTTGEVVJGHNQYOGVGTOGCUWTGOGPVGTTQT
6JGPGYOGVGTHCEVQTYJKEJUJQWNFCNYC[UDGPGCTKUOCPWCNN[GPVGTGFKPVQVJG
&CP.QCFHQTVJGCEVKXGRTQITCOEQFGEEE%QORROGVGTHCEVQTHYJGTGEEEKUQPG
QHVJGHQNNQYKPIRTQITCOEQFGU
FGRGPFGPVQPVJGEQORQPGPVPWODGTR VQ CPF
VJGOGVGTHCEVQTPWODGTH VQ
6JGRTQXGTEQWPVGTKUOCPWCNN[TGUGVVQ\GTQCPFVJGUVGRUNKUVGFCDQXGCTGTGRGCVGFWPVKN
VJGEQTTGEVGFOGVGTTGIKUVTCVKQPKUYKVJKPRGTEGPVQHVJGEQTTGEVGFRTQXGTXQNWOG
/CUVGT/GVGT/GVGT2TQQH470
(QT VJKU GZCORNG CUUWOG VJCV VJG NQCFKPI U[UVGO KU C VYQ EQORQPGPV DNGPFGT CPF VJCV GCEJ
EQORQPGPVKUNQCFGFCVQPGQHVJTGGHNQYTCVGU=NQYHNQYUVCTVUVQRHCNNDCEMCPFPQTOCN
JKIJ HNQY?#P[QVJGTEQPHKIWTCVKQPHTQOCQPGEQORQPGPVQPGHNQYTCVGU[UVGOVQCHQWT
EQORQPGPVHQWTHNQYTCVGU[UVGOKURTQXGFKPCUKOKNCT OCPPGTD[RTQXKPIGCEJEQORQPGPV
HNQYOGVGT CVGCEJHNQYTCVGKPHNQYTCVGCUEGPFKPIQTFGT6JGEQORQPGPVQTFGTQHRTQXKPI
KUPQVKORQTVCPV
/CMGVJGU[UVGOOGEJCPKECNN[CPFGNGEVTKECNN[TGCF[HQTFGNKXGT[QHCNKSWKFDCVEJVJTQWIJ
VJGOCUVGTOGVGTD[EQPPGEVKPIVJGOCUVGTOGVGTKPUGTKGUYKVJVJGTCEMOGVGTD[JKIJ
KPVGITKV[DNQEMXCNXGU#NNHNQYOWUVRCUUVJTQWIJDQVJVJGOCUVGTOGVGTCPFVJGTCEM
OGVGTPQD[RCUUNGCMCIGKUCNNQYGF
%QPPGEVVJGOCUVGTOGVGTVQCHNQYVQVCNK\GTECRCDNGQHOGCUWTKPICPFFKURNC[KPIKPFKECVGF
XQNWOGWPKVU YKVJQWVKPVGTPCNOGVGTHCEVQTQTVGORGTCVWTGRTGUUWTGEQORGPUCVKQP VQ
CTGUQNWVKQPQHQPGQPGJWPFTGFVJQHCXQNWOGWPKV UWEJCUICNNQPU
5GNGEVVJGRTGXKQWUN[FGHKPGFTGEKRGHQTRTQXKPIEQORQPGPV TGEKRGFGHKPKVKQPUCTGKPVJG
RTQITCOEQFGUVQ
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GVRTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQVQCUUWTGVJCVQPGVJGNQYHNQY
TCVGKUWUGF
8GTKH[QTUGVVJGNQYHNQYTCVGYKVJRTQITCOEQFG
'ZKVVJG5GVWR/GPW
#V VJG .QCFKPI &KURNC[ GPVGT VJG RTGUGV XQNWOG CU VJG OKPKOWO RTQXKPI XQNWOG
TGSWKTGF
+PKVKCVGVJGDCVEJFGNKXGT[
/QPKVQTVJGXQNWOGFGNKXGTGFKPVJGF[PCOKEFCVCFKURNC[2TGUU5'.'%6MG[U
VQ FKURNC[ KVGO /VT ITU NQCF PPP 6JKU XQNWOG KU VJG ITQUU WPEQORGPUCVGF
XQNWOGWPKVUFGNKXGTGFCFLWUVGFD[VJGEWTTGPVCEVKXGOGVGTHCEVQTVQJWPFTGFVJUQHC
XQNWOGWPKV
#HVGTVJGFGNKXGT[KUVGTOKPCVGFFGVGTOKPGVJGPGYOGVGTHCEVQTD[GPVGTKPIVJGFCVCKP
CEQR[QHVJG/'6'42418+0)4'2146(146#0-2418'4/'6*1&HQTO470
EQNWOP
/CUVGT/GVGT/GVGT2TQQH470
#VVJKURQKPVVJGPGYOGVGTHCEVQTRTQITCOEQFG%QOROGVGTHCEVQTKUYKVJKPVQNGTCPEG
CPFCEEGRVGF6JGPGZVJKIJGTHNQYTCVGRTQITCOEQFG%QORHNQYTCVGKUWUGFVQ
FGVGTOKPGVJGOGVGTHCEVQTHQTVJCVHNQYTCVG#UUWOGVJCVHNQYTCVGKU)2/CPHCNNDCEM
HNQYTCVGVJCVKUWUGFCUCHCNNDCEMHNQYTCVGKHVJGOCZKOWOHNQYTCVGECPPQVDGOCKPVCKPGF5GV
RTQITCOEQFG%QORHNQYTCVGVQ
5GVRTQITCOEQFG0WODGTQHHCEVQTUEQORQPGPVVQCVVJKUVKOGVQGPCDNGHNQYCVVJGPGZV
JKIJGTHNQYTCVG6JGOGVGTRTQQHHQTEQORQPGPVHNQYTCVGKURGTHQTOGFUKOKNCTVQVJGOGVGT
RTQQHHQTEQORQPGPVHNQYTCVGGZEGRVVJCVVJG&CP.QCFKURGTOKVVGFVQTCORWRCPFTCOR
FQYP VJG HNQY TCVG YKVJ VJG HNQY EQPVTQN XCNXG 6JG HNQY TCVG FWTKPI UVCTV CPF UVQR VKOGU KU
FGVGTOKPGFD[VJGXCNWGQHRTQITCOEQFG%QORHNQYTCVG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZCORNG
+HVJGHNQYTCVGKU)2/CPFVJGUVCTVUVQRXQNWOGUCTGICNNQPUVJGVKOGCVNQYHNQYKU
CRRTQZKOCVGN[UGEQPFUFWTKPIUVCTVWRCPFUGEQPFUFWTKPIUJWVFQYP#NNQHVJGRTQITCO
EQFGUVJCVKPCP[YC[CHHGEVVJGHNQYTCVGUXQNWOGUQTOGVGTHCEVQTUCVNQYGTHNQYTCVGUOWUV
DGUGVVQVJGKTPQTOCNQRGTCVKQPCNXCNWGUDGHQTGEQPFWEVKPIOGVGTRTQQHUCV JKIJGT HNQYTCVGU
#HVGTVJGTCEMOGVGTKURTQXGFCVVJGJKIJGUVHNQYTCVGHQTCEQORQPGPV6JGXCNWGUQHCP[QHVJG
RTQITCO EQFGU VJCV CHHGEV OGVGT RTQQHU HQT VJCV EQORQPGPV UJQWNF PQV DG EJCPIGF +H KV KU
PGEGUUCT[VQTG2TQXGCTCEMOGVGTCVCHNQYTCVGNGUUVJCPVJGJKIJGUVHNQYTCVGTG2TQXGCVCNN
NQYGTHNQYTCVGUKPHNQYTCVGCUEGPFKPIQTFGT
/CUVGT/GVGT/GVGT2TQQH470
#VVJKURQKPVVJGPGYOGVGTHCEVQTRTQITCOEQFG%QOROGVGTHCEVQTKUYKVJKPVQNGTCPEG
CPFCEEGRVGF6JGPGZVJKIJGTHNQYTCVGRTQITCOEQFG%QORHNQYTCVGKUWUGFVQ
FGVGTOKPGVJGOGVGTHCEVQTHQTVJCVHNQYTCVG#UUWOGVJCVHNQYTCVGKU)2/VJGOCZKOWO
PQTOCN NQCFKPIHNQYTCVGHQTEQORQPGPV5GVRTQITCOEQFG%QORHNQYTCVGVQ
6JG OGVGT RTQQH HQT EQORQPGPV HNQY TCVG KU RGTHQTOGF UKOKNCT VQ VJG OGVGT RTQQH HQT
EQORQPGPVHNQYTCVG
+HVJGHQWTVJHNQYTCVGHQTEQORQPGPVYGTGFGHKPGFVJGOGVGTRTQQHCVVJKUHNQYTCVGYQWNFDG
EQPFWEVGFKPCUKOKNCTOCPPGTCUFGUETKDGFCDQXG
/GVGT2TQQHUHQT%QORQPGPV
#UUWOGCVVJKURQKPVVJCVVJGOGVGTHCEVQTUHQTEQORQPGPVCVHNQYTCVGUCPF CU
TGSWKTGF JCXG DGGP FGVGTOKPGF CPF GPVGTGF KPVQ RTQITCO EQFG CU
TGSWKTGF +PQTFGTVQRGTHQTOVJGOGVGTRTQQHQTRTQQHUHQTEQORQPGPVEQORQPGPVOWUVDG
FKUCDNGF CPF EQORQPGPV GPCDNGF 6JKU KU CEEQORNKUJGF D[ UGNGEVKPI VJG RTGXKQWUN[ FGHKPGF
TGEKRGHQTRTQXKPIEQORQPGPV TGEKRGFGHKPKVKQPUCTGKPRTQITCOEQFGVQ
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JGUGVQHHTQOQPGVQHQWTOGVGTRTQQHUEQTTGURQPFKPIVQHNQYTCVGUHQTEQORQPGPVECPPQY
DGEQPFWEVGF(QNNQYVJGUVGRUFGUETKDGFCDQXGHQTOGVGTRTQQHUGSWGPEGU
6JG HKGNFU EQPVCKPGF KP VJG /'6'4 2418+0) 4'2146 (14 /#56'4 /'6'4 /'6*1&
(KIWTGCTGFGUETKDGFDGNQY
(KGNF&GUETKRVKQP
5VCVKQP 0COGQHUVCVKQPQTVGTOKPCN
&CVG6KOG &CVGCPFVKOGQHOGVGTRTQQH
2TQFWEV 2TQFWEV EQORQPGPV WUGFHQTOGVGTRTQQH
#2+)TCXKV["Q( 6JG#2+ITCXKV[QHVJGRTQFWEV
(TQO6CPM0Q 5QWTEGVCPMKFGPVKHKECVKQP
6Q6CPM0Q &GUVKPCVKQPVCPMXGJKENGKFGPVKHKECVKQP
+PKVKCN6QVCNK\GT4GCFKPI 0QPTGUGVCDNGVQVCNK\GTTGCFKPIDGHQTGOGVGTRTQQH
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
/CUVGT/GVGT8QNWOG&CVC
(NQYTCVG 6JGHNQYTCVGVJCVKUUGVKPVJGRTQITCOEQFGEEE%QORRHNQYTCVG
TEQTTGURQPFKPIVQVJGOGVGTRTQQHTWP#EVWCNHNQYTCVGECPDG
XGTKHKGFD[CEEWTCVGN[VKOKPIVJGRGTKQFQHFGNKXGT[VJGPFKXKFKPIVJG
XQNWOGFGNKXGTGFD[VJGVKOGVQFGNKXGT'ZCORNGICNNQPU
FGNKXGTGFKPOKPWVGUUGEQPFUGSWCNUICNNQPURGTOKPWVG
/CUVGT/GVGT(KPCN4GCFKPI
6JG KPFKECVGF XQNWOG CV VJG GPF QH C TCEM OGVGT RTQXKPI TWP
QDVCKPGFHTQOCVQVCNK\GTEQPPGEVGFVQVJGOCUVGTOGVGT
/CUVGT/GVGT+PKVKCN4GCFKPI
6JG KPFKECVGF XQNWOG CV VJG UVCTV QH C TCEM OGVGT RTQXKPI TWP
QDVCKPGFHTQOCVQVCNK\GTEQPPGEVGFVQVJGOCUVGTOGVGT
/CUVGT/GVGT+PFKECVGF8QNWOG
6JG KPFKECVGF XQNWOG OGCUWTGF D[ VJG OCUVGT OGVGT FWTKPI VJG
OGVGT RTQXKPI TWP /CUVGT /GVGT (KPCN 4GCFKPI OKPWU /CUVGT
/GVGT+PKVKCN4GCFKPI
/CUVGT/GVGT6GORGTCVWTGFGITGGU(
6JGVGORGTCVWTGQHVJGRTQFWEVKPVJGOCUVGTOGVGTFWTKPIVJGOGVGT
RTQXKPITWPWUGFVQFGTKXG%6.2
%6.2 %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKFKPVJG
OCUVGTOGVGTQDVCKPGFHTQO#2+/2/5%JCRVGT6CDNGQT
6CDNG
/CUVGT/GVGT2TGUUWTG25+)
6JGRTGUUWTGQHVJGRTQFWEVKPVJGOCUVGTOGVGTFWTKPIVJGOGVGT
RTQXKPITWPWUGFVQFGTKXG%2.2
%2.2 %QTTGEVKQP HCEVQT HQT VJG GHHGEV QH RTGUUWTG QP VJG NKSWKFKPVJG
OCUVGTOGVGTQDVCKPGFHTQO#2+/2/5%JCRVGT
/CUVGT/GVGT/GVGT(CEVQT
6JGEWTTGPVCEVKXGOGVGTHCEVQTHQTVJGOCUVGTOGVGTQDVCKPGFHTQO
C VCPM RTQXGT OGVGT RTQXKPI QH VJG OCUVGT OGVGT 6JG EWTTGPV
OCUVGTOGVGTHCEVQTUJQWNFHQTVJGUCOGRTQFWEVCPFHNQYTCVGVJCV
KUWUGFKPRTQXKPIVJGTCEMOGVGT#VCDNGKURTQXKFGFCVVJGGPFQH
VJKUUGEVKQPHQTTGEQTFKPIOCUVGTOGVGTHCEVQTU
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
(KGNF&GUETKRVKQP
/CUVGT/GVGT%QTTGEVGF)TQUU8QNWOG
6JG XQNWOG EQTTGEVGF HQT VGORGTCVWTG GHHGEV CPF QRVKQPCNN[
RTGUUWTG GHHGEV QH NKSWKF KP OGCUWTGF D[ VJG OCUVGT OGVGT
QDVCKPGF D[ OWNVKRN[KPI /CUVGT /GVGT +PFKECVGF 8QNWOG NKPG
VKOGU%%(2 NKPG
4CEMOGVGT&CVC
/VTOITUNQCF +PKVKCN
6JGOGVGTTGIKUVTCVKQPHQTITQUUXQNWOGDGHQTGVJGOGVGTRTQQHTWP
KUUVCTVGF'SWCNVQCVUVCTVQHFGNKXGT[
4CEM/GVGT/GCUWTGF)TQUU8QNWOG
6JG ITQUU XQNWOG CEEWOWNCVGF FWTKPI VJG OGVGT RTQQH TWP
QDVCKPGFD[UWDVTCEVKPI/VTOITUNQCF (KPCN HTQO/VTOITUNQCF
+PKVKCN
4CEM/GVGT6GORGTCVWTG
6JGVGORGTCVWTGQHVJGRTQFWEVENQUGVQVJGWRUVTGCOQTFQYPUVTGCO
UKFGQHVJGHNQYOGVGT WUWCNN[WRUVTGCO
%6./ %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHVGORGTCVWTGQPVJGNKSWKFKPVJG
HNQYOGVGTQDVCKPGFHTQO#2+/2/5%JCRVGT6CDNGQT
6CDNG 0QVG%6./KUUGVVQKHVJGRWNUGKPRWVHTQOVJG
HNQYOGVGTKUVGORGTCVWTGEQORGPUCVGFKPVJGHKGNFDGHQTGKPRWVVQ
VJG&CP.QCF
4CEM/GVGT2TGUUWTG 6JGRTGUUWTGQHVJGRTQFWEVENQUGVQVJGWRUVTGCOQTFQYPUVTGCO
UKFGQHVJGHNQYOGVGT WUWCNN[WRUVTGCO
%2./ %QTTGEVKQPHCEVQTHQTVJGGHHGEVQHRTGUUWTGQPVJGNKSWKFKPVJGTCEM
OGVGTWUWCNN[UGVVQCPFPQVEQPUKFGTGFTGHGTVQVJG#2+
/2/5HQTCFFKVKQPCNKPHQTOCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
4CEM/GVGT%QTTGEVGF)TQUU8QNWOG
6JGVGORGTCVWTG CPFQRVKQPCNN[RTGUUWTG EQORGPUCVGFXQNWOG
CEEWOWNCVGFD[VJGTCEMOGVGTFWTKPIVJGOGVGTRTQXKPIQDVCKPGF
D[OWNVKRN[KPI4CEM/GVGT/GCUWTGF)TQUU8QNWOGVKOGU%%(/
4CEM/GVGT8QNWOG'TTQT
6JGFKHHGTGPEGDGVYGGPVJG/CUVGT/GVGT%QTTGEVGF8QNWOGCPFVJG
4CEM/GVGT%QTTGEVGF)TQUU8QNWOG
4CEM/GVGT2GTEGPV'TTQT
6JGRGTEGPVQHGTTQTKPVJGTCEMOGVGTCEEWOWNCVGFXQNWOG
#FLWUVOGPV #ECNEWNCVGFPWODGTVJCVKUWUGFVQCFLWUVVJGEWTTGPVCEVKXGOGVGT
HCEVQT
4CEM/GVGT%WTTGPV/GVGT(CEVQT
6JG EWTTGPV CEVKXG OGVGT HCEVQT QDVCKPGF HTQO RTQITCO EQFG EEE
%QORROGVGTHCEVQTHEQTTGURQPFKPIVQVJGEQORQPGPVHNQYTCVG
EQODKPCVKQPDGKPIRTQXGF 1DVCKPGFHTQORTQITCOEQFG
0GY4CEM/GVGT(CEVQT
6JG PGYAOGVGTAHCEVQT KU FGTKXGF HTQO VJG OGVGT RTQQH TWP
QDVCKPGFD[OWNVKRN[KPIVJGEWTTGPVOGVGTHCEVQTD[VJGCFLWUVOGPV
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQITCO EQFGU VQ CTG WUGF VQ ECNKDTCVG VJG &CP.QCF HQT GCEJ HNQY OGVGT
EQORQPGPVHNQYTCVGEQODKPCVKQP
/'6'4 (#%6145
0QOKPCN -HCEVQT 9/ VQ TQWPF OGVGT PCOGRNCVG -HCEVQT
VQ PGCTGUV VGPVJ
/CUVGT OGVGT HCEVQT 9/ VQ RTQITCO EQFG PCOGRNCVG
-HCEVQT
5VQR TCVG 9/ VQ UGV VQ KPNKPG DCVEJ GPF XQNWOG
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF NQY HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%6145
0QOKPCN -HCEVQT 9/ VQ TQWPF OGVGT PCOGRNCVG -HCEVQT
VQ PGCTGUV VGPVJ
/CUVGT OGVGT HCEVQT 9/ VQ RTQITCO EQFG PCOGRNCVG
-HCEVQT
5VQR TCVG 9/ VQ UGV VQ KPNKPG DCVEJ GPF XQNWOG
;GU
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%6145
0QOKPCN -HCEVQT 9/ VQ TQWPF OGVGT PCOGRNCVG -HCEVQT
VQ PGCTGUV VGPVJ
/CUVGT OGVGT HCEVQT 9/ VQ RTQITCO EQFG PCOGRNCVG
-HCEVQT
5VQR TCVG 9/ VQ UGV VQ KPNKPG DCVEJ GPF XQNWOG
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF HCNN DCEM QT JKIJ
HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%1/210'06 (#%6145
0QOKPCN -HCEVQT 9/ VQ TQWPF OGVGT PCOGRNCVG -HCEVQT
VQ PGCTGUV VGPVJ
/CUVGT OGVGT HCEVQT 9/ VQ RTQITCO EQFG PCOGRNCVG
-HCEVQT
5VQR TCVG 9/ VQ
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF JKIJ HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF JKIJ HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF JKIJ HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
%1/210'06 (#%614
%QOR HNQY TCVG 9/ VQ UGV VQ FGUKTGF JKIJ HNQY TCVG
%QOR OGVGT HCEVQT 9/ UGG VGZV
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
/'6'42418+0)4'2146(146#0-2418'4/'6*1& 5HSRUW
0(7(5 0)* 0(7(5 02'(/ 0(7(5 6,=( 352'8&7 $3, *5$9,7< # 2)
)/2: 5$7(
&7/3 7$%/(
5$&. 0(7(5 '$7$ >' $1/2$' @ 581 581 581 581
&7/0 7$%/(
(1*,1((5
:,71(66
5(0$5.6
(KIWTG 6[RKECN
/'6'42418+0)4'2146(14/#56'4/'6'4/'6*1& 5HSRUW
0$67(5 0(7(5 92/80( '$7$ 581 581 581 581 581 $9(5$*(
)/2: 5$7(
&7/3 7$%/(
5$&. 0(7(5 92/80( '$7$ >' $1/2$' @ 581 581 581 581 581 $9(5$*(
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AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUVCDNGEQPVCKPUOGVGTHCEVQTUHQTVJGOCUVGTOGVGTFGTKXGFHTQOVCPMRTQXGTRTQXKPIQHVJGOCUVGT
OGVGTQPWRVQHQWTFKHHGTGPVRTQFWEVUCVWRVQHQWTFKHHGTGPVHNQYTCVGUHQTGCEJRTQFWEV6JGOCUVGT
OGVGT OGVGTHCEVQTU CTG TGNCVGF VQ EQORQPGPV HNQY TCVG CUUKIPOGPVU YKVJKP VJG &CP.QCF HQT
TGHGTGPEGFWTKPIRTQXKPIQHTCEMOGVGTU
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/CPWHCEVWTGTOQFGNAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5K\GAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5GTKCNPWODGTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
0QOKPCN-HCEVQTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
(NQY/GVGT2TQXKPIAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
6JKURCIGKPVGPVKQPCNN[NGHVDNCPM
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA(NQY/GVGT2TQXKPI
5GEVKQP
2TQITCO%QFGU
2TQITCO%QFG#VVTKDWVGU
2TQITCO%QFGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUUGEVKQPEQPVCKPUFGUETKRVKQPUQHCNNRTQITCOEQFGU'CEJ EEECCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCXXX
RTQITCOEQFGEQPUKUVUQHCVJTGGFKIKVPWODGTCPKFGPVKH[KPI
PCOGCXCTKCDNGVJCVEQPXG[UEQPVTQNQTPWOGTKEEQPHKIWTCVKQP YJGTG
FCVC VQ VJG &CPNQCF CPF HQWT CVVTKDWVGU 6JG XCTKCDNG
RCTVQHGCEJRTQITCOEQFGFGHKPGUCUGVWREQPHKIWTCVKQPQT EEE
FCVCDCUG XCNWG 'CEJ RTQITCO EQFG PWODGT PCOG
EQODKPCVKQP KFGPVKHKGU C WPKSWG RCTCOGVGT VJCV KU GKVJGT C #VJTGGFKIKVKFGPVKHKGTVJKUPWODGTKUWPKSWGHQTGCEJRTQITCO
UGVRQKPVQTNKOKVXCNWGQTCPQRVKQPVJCVFGHKPGUUQOGOGVJQF EQFG2TQITCOEQFGUPWODGTUCTGHTQOVQ 0QVG
QTOQFGQHQRGTCVKQP&CVCGPVT[KPCXCNWGQRVKQPHKGNFKU 5GXGTCNPWODGTUKPVJGUGTKGUCTGPQVWUGF
CEEQORNKUJGFD[RTQORVKPIVJGWUGTVQGPVGTCPWOGTKEXCNWG
GPVGTCPCNRJCPWOGTKEUVTKPIQTUGNGEVCPQRVKQPHTQOCUJQTV CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
NKUVQHQRVKQPU RKEMNKUV
#P CNRJCPWOGTKE PCOG QH WR VQ VJKTV[HQWT EJCTCEVGTU VJCV
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YKVJ KV VJCV ECP DG VQIINGF 10 QT 1(( VQ RTQXKFG URGEKHKE TGRGCVGFUGXGTCNVKOGUYJGPVJGRCTCOGVGTV[RGKUTGRGCVGFHQT
UGEWTKV[TGUVTKEVKQPUCPFUVCVWUKPHQTOCVKQPHQTUGNGEVGFRTQITCO UKOKNCTHWPEVKQPUUWEJCUFKHHGTGPVOGVGTUEQORQPGPVUQT
EQFGU CFFKVKXGU*QYGXGTVJGVJTGGFKIKVRTQITCOEQFGKUCNYC[U
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2TQITCOEQFGUCTGFKURNC[GFKPVJGHQNNQYKPIHQTOCVYJGPVJG
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2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
XXX CNRJCPWOGTKEUVTKPI
#XCNWGCUUKIPGFVQVJGRTQITCOEQFGCVUGVWRVKOGQTOQFKHKGF #OGUUCIGEQPUKUVKPIQHNGVVGTCPFPWODGTEJCTCEVGTU
KPVJGHKGNF0QVGVJCVVJGFCVCV[RGFKURNC[GFCPFCEEGRVCDNG 'ZCORNG
GPVT[ KP VJKU HKGNF KU FGRGPFGPV QP VJG RTQITCO EQFG XCTKCDNG
V[RG6JGUGFCVCV[RGUCTG %QORQPGPV+& %QORQPGPV
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UGNGEVKQP
9JQNG PWODGT YKVJQWV C HTCEVKQPCN RCTV QT FGEKOCN
UGRCTCVQT'ZCORNG #RTGFGHKPGFQRVKQPUGNGEVGFHTQOCUETQNNCDNGUJQTVNKUV
QHQRVKQPU'ZCORNG
/CZKOWORTGUGVXQNWOG
.CPIWCIG 'PINKUJ
TGCNPWODGT
5GEVKQP5GVWR%QPVCKPUKPHQTOCVKQPQPVJGRTQEGFWTGUWUGF
#PWODGTEQPUKUVKPIQHCYJQNGRCTVFGEKOCNUGRCTCVQT VQGPVGTFCVCKPVJGXCTKQWUV[RGUQHFCVCHKGNFUOGPVKQPGFCDQXG
CPFHTCEVKQPCNRCTV'ZCORNG
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQITCO%QFG#VVTKDWVGU
2TQITCOEQFGCVVTKDWVGUCTGEJCTCEVGTKUVKEUVJCVCTGCUUQEKCVGF 'PVGT VJG VJTGG FKIKV RTQITCO EQFG KP TGURQPUG VQ VJG
YKVJ GCEJ RTQITCO EQFG 6JGTG CTG HQWT RTQITCO EQFG 'PVGTRTQITCOEQFGRTQORVOGUUCIG 0QVG1PGQT
CVVTKDWVGUHQTCP[RTQITCOEQFG VYQRTGEGFKPI\GTQUOWUVDGGPVGTGFKHVJGRTQITCOEQFG
KUNGUUVJCP
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%QFG#VVTKDWVGUQRVKQPWPFGTVJG2TQITCO/QFG/GPW+VKU VQ UGNGEV OQXG VJG DQZ QWVNKPG EWTUQT QXGT VJG KVGO
CUUWOGFVJCVVJG&CP.QCFKUKPVJGNQCFKPIOQFGYKVJVJG VJGFGUKTGFRTQITCOEQFGCVVTKDWVG
.QCFKPI&KURNC[CEVKXGCVVJKUVKOG 2TGUUVJG5'.'%6MG[VQVQIINGVJG;GUQT0QUVCVWUQH
VJGRTQITCOEQFG
#EEGUURTQITCOEQFGCVVTKDWVGU 5GNGEVFKHHGTGPVRTQITCOEQFG
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZKVRTQITCOEQFGCVVTKDWVGOQFKHKECVKQPOQFG 9GKIJVUCPFOGCUWTGU
2TGUU VJG ':+6 #.6 %.'#4 MG[ TGVWTPU VQ 2TGXGPV OQFKHKECVKQP KP 5GVWR CPF VJTQWIJ EQOOWPKECVKQPU
RTQITCOEQFGCVVTKDWVGU YKVJCVGTOKPCNCWVQOCVKQPU[UVGOQHVJGXCNWGQHVJGRTQITCO
2TGUU VJG ':+6 #.6 %.'#4 MG[ TGVWTPU VQ EQFGXCNWGWPNGUUVJG9GKIJVUCPF/GCUWTGUUYKVEJNQECVGF
2TQITCO/QFG/GPW QP VJG QRGTCVQT EQPVTQN RCPGN KU QRGP QWV RQUKVKQP 6JG
2TGUU VJG ':+6 #.6 %.'#4 MG[ TGVWTPU VQ OGUUCIG9GKIJVUCPFOGCUWTGUKUFKURNC[GFQPVJGOGUUCIG
.QCFKPI/QFG NKPG QH VJG FKURNC[ KH VJKU CVVTKDWVG KU UGV VQ ;GU HQT VJG
EQTTGURQPFKPIUGNGEVGFRTQITCOEQFG
6JGQRVKQPUHQTRTQITCOEQFGCVVTKDWVGUCTGFGUETKDGFDGNQY 0Q
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2TGXGPVOQFKHKECVKQPKP5GVWRQHVJGXCNWGQHVJGRTQITCO 'PCDNGVJKUCVVTKDWVGHQTVJKURTQITCOEQFG
EQFGXCTKCDNG6JGOGUUCIG4GCFQPN[KUFKURNC[GFQPVJG
OGUUCIGNKPGQHVJGFKURNC[KHVJKUCVVTKDWVGKUUGVVQ;GUHQTVJG
EQTTGURQPFKPIUGNGEVGFRTQITCOEQFG 0QVG5QOGRTQITCO
EQFGUECPQPN[DGOQFKHKGFD[KPVGTPCNNQIKEQTECNEWNCVKQPUCPF
CTGCNYC[U4GCFQPN[
0Q
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2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&CVCNQIIKPI 8CNWGEJCPIGF
#WVQOCVKECNN[NQIPGYXCNWGUQHRTQITCOEQFGUKHOQFKHKGFKP 6JGXCNWGQHVJGRTQITCOEQFGXCTKCDNGYCUEJCPIGFKP5GVWR
5GVWR 6JG EJCPIGU CTG QPN[ NQIIGF KH RTQITCO EQFG QTXKCEQOOWPKECVKQPU6JKURTQITCOEQFGCVVTKDWVGECPPQVDG
2TQITCOEQFGXCNWGEJCPIGNQIKUUGVVQCP[NQIIKPIRTKPVGTCPF EJCPIGF OCPWCNN[ 6JG RTQITCO EQFG CVVTKDWVG KU UGV ;GU
FCVCNQIIKPIKUGPCDNGFD[RTQITCOEQFG%J$OQFG KPVGTPCNN[KHVJGXCNWGYCUEJCPIGFCPFECPQPN[DGTGUGV 0Q
D[CEQOOCPFHTQOC6GTOKPCN#WVQOCVKQP5[UVGO 4GHGTVQ
0Q &CP.QCF%QOOWPKECVKQPU5RGEKHKECVKQP2CTV0WODGT
&KUCDNGVJKUCVVTKDWVGHQTVJKURTQITCOEQFG
;GU 0Q
'PCDNGVJKUCVVTKDWVGHQTVJKURTQITCOEQFG6JKUKUVJG 2TQITCOEQFGJCUPQVDGGPEJCPIGFKP2TQITCO/QFG
FGHCWNV XCNWG HQT CNN RTQITCO EQFGU CV KPKVKCN UVCTVWR QTXKCEQOOWPKECVKQPU
VKOG
;GU
2TQITCOEQFGJCUDGGPEJCPIGFKP2TQITCO/QFGQTXKC
EQOOWPKECVKQPU
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
2TQITCO%QFG)TQWRU
2TQITCOEQFGUCTGITQWRGFCEEQTFKPIVQVJGKTNQIKECNHWPEVKQPU 6JGHKTUVFKURNC[RCIGQHVJG5GVWR/GPWKUFKURNC[GF
2TQITCOEQFGUCTGCEEGUUGFD[VJG5GVWR/GPW(KIWTGKU 6JG DQZ EWTUQT KU CV VJG HKTUV UGNGEVKQP 5GEWTKV[
CFKCITCOQHVJGEQORNGVGOGPWVTGG(KIWTGEQPVCKPUCP 2CTCOGVGTU
QXGTXKGYQHVJGRTQITCOEQFGITQWRU#EEGUUVQVJGRTQITCO 2TGUUVJG FQYPCTTQY MG[QTVJG WRCTTQY MG[
EQFGU KU CNNQYGF YJKNG KP VJG 2TQITCO /QFG #EEGUU VQ VJG VQ UGNGEV OQXG VJG DQZ EWTUQT QXGT VJG KVGO VJG
2TQITCO/QFGHTQOVJG.QCFKPI/QFGKUFGUETKDGFDGNQY+V FGUKTGFRTQITCOEQFGITQWRHTQOVJGNKUVQHVYGPV[HQWT
KUCUUWOGFCVVJKUVKOGVJCVVJG&CP.QCFKUKPVJG.QCFKPI ITQWRUFKXKFGFKPVQHQWTFKURNC[RCIGU
/QFG YKVJ GKVJGT VJG 4GEKRG 5GNGEVKQP /GPW VJG #FFKVKXG 2TGUUVJG'06'4MG[
5GNGEVKQP/GPWQTVJG.QCFKPI&KURNC[CEVKXGCVVJKUVKOG 6JG HKTUV RCIG QH VJG UGNGEVGF RTQITCO EQFG ITQWR KU
FKURNC[GF
'PVGT5GVWR/QFG 0QVG'CEJRTQITCOEQFGITQWRKUFKXKFGFKPVQRCIGUQH
QPGVQUKZRTQITCOEQFGU
2TGUUVJG241)4#/ #.6 '06'4 MG[ 2TGUUVJG FQYPCTTQY MG[QTVJG WRCTTQY MG[
'PVGTVQFKIKVUWRGTXKUQTRCUUEQFGKPTGURQPUGVQ VQ UGNGEV OQXG VJG DQZ EWTUQT QXGT VJG KVGO VJG
'PVGTRCUUEQFGAAAAAAAAARTQORV FGUKTGFRTQITCOEQFG2TQITCOEQFGUCTGPQVFKURNC[GF
2TGUUVJG'06'4MG[ HQTWPFGHKPGFOGVGTUXCNXGUEQORQPGPVUCFFKVKXGU
6JG HKTUV FKURNC[ RCIG QH VJG 2TQITCO /QFG /GPW KU GVE (QT GZCORNG KH VYQ OGVGTU CTG EQPHKIWTGF VJGP
FKURNC[GF RTQITCOEQFGUHQTOGVGTUCPFCTGPQVFKURNC[GF
6JGDQZEWTUQTKUCVVJGHKTUVUGNGEVKQP#NCTO4GUGV
2TGUU VJG FQYP CTTQY VQ OQXG VJG EWTUQT VQ VJG
5GVWRUGNGEVKQP
2TGUUVJG'06'4MG[
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
'ZKV5GVWR/QFG
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
/GPW6TGG(KIWTG
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
VQ 2WNUG RGT WPKV QWVRWVU 8QNWOG RWNUGU VQ GZVGTPCN GSWKROGPV
VQ %QORQPGPV +1 RCTCOGVGTU %QORQPGPV DNQEM XCNXG UKIPCN CUUKIPOGPVU
2CTCOGVGTU.KUV1XGTXKGY(KIWTGC
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
VQ #FFKVKXG RWORUDNQEM XCNXGU #FFKVKXG RWOR CPF DNQEM XCNXG EQPVTQN
VQ 6TCPUCEVKQP UVQTCIG #NNQECVG UVQTCIG HQT VTCPUCEVKQP CPF DCVEJ NQCFKPI
FCVC
VQ 6TCPUCEVKQP VKEMGV (QTOCV EQPVTQN HQT WUGT FGHKPGF VTCPUCEVKQP VKEMGVU
VQ #PCNQI KPRWVU X %27 DQCTF ECNKDTCVKQP HQT O# CPF 46&
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
*QYVQ7UGVJG2TQITCO%QFG.KUV 9JGPVJGNKUVQHRTQITCOEQFGPWODGTUKUVQQNQPIVQ
NKUVVJGCEVWCNHKTUVPWODGTCPFVJGCEVWCNNCUVPWODGT
6JGNKUVQHRTQITCOEQFGUQPVJGTGOCKPKPIRCIGUKPVJKUUGEVKQP CTGUJQYPYKVJGNNKRUKUVQKPFKECVGVJGOKUUKPIPWODGTU
KUFKXKFGFKPVQITQWRUCUVJG[CRRGCTKPVJG5GVWR/GPW 'ZCORNGPPPPPP
2TQITCO%QFG&GHKPKVKQPUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA5GEVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5GEWTKV[2CTCOGVGTU
2%(WPEVKQP
'KIJV7UGTU 4CPIG&GHCWNV 141RVKQP &GHCWNV
2CUUEQFG VQ
QPN[
7UGT+& VQEJCTCEVGTU
&CP.QCF QPN[
5WRGTXKUQTRTKXKNGIG ;GU QPN[
0Q
5GEWTKV[RCTCOGVGTUEQPVCKPFCVCYJKEJFGHKPGUCEEGUURCUUEQFGU 2CUUEQFG
CPFCEEGUURTKXKNGIGUHQTUGNGEVKPIOGPWQRVKQPUCPFEJCPIKPI
RCTCOGVGTXCNWGU5GEWTKV[RCTCOGVGTUFQPQVCHHGEVQRGTCVKQP 6JKURTQITCOEQFGCUUKIPUCPWOGTKEXCNWG QPGVQPKPGFKIKVU
KP VJG .QCFKPI /QFG YJKEJ KU CEVKXG FWTKPI DCVEJ FGNKXGTKGU VJCV KU WUGF CU C WPKSWG RCUUEQFG HQT VJG WUGT &WRNKECVG
7R VQ GKIJV WUGTU QRGTCVQTU GCEJ YKVJ WPKSWG CEEGUU RCUUEQFGUGZEGRVHQT\GTQ YJKEJKUPQVCXCNKFRCUUEQFG CTG
RTKXKNGIGUECPDGFGHKPGF2CUUEQFGUUJQWNFDGOCKPVCKPGFCPF PQVRGTOKVVGF#OKPKOWOQHQPGRCUUEQFGOWUVDGPQP\GTQ
TGEQTFGFD[CéUWRGTXKUQTRTKXKNGIGFêWUGT+HCNNUWRGTXKUQT
RTKXKNGIGFRCUUEQFGUCTGNQUVQHHQTIQVVGPKVYKNNPQVDGRQUUKDNG
VQ CEEGUU VJG &CP.QCF # éTCPFQON[IGPGTCVGFê 7UGT+&
GOGTIGPE[RCUUEQFGKUCXCKNCDNGHTQO&CPKGN%WUVQOGT5GTXKEG
6JG&CP.QCFKUUJKRRGFHTQOVJGHCEVQT[YKVJVJGUGEWTKV[ 6JKU RTQITCO EQFG CUUKIPU CP CNRJCPWOGTKE GPVT[ 7R VQ
RCTCOGVGTU HQT 7UGT UGV VQ VJG HQNNQYKPI FGHCWNV XCNWGU UKZVGGPEJCTCEVGTU VJCVKUWUGFVQKFGPVKH[VJGWUGTQRGTCVQT
UGNGEVKQPU YKVJ C OGCPKPIHWN PCOG 'ZCORNG 1RGTCVQT ,QJP
,QPGUQTUKOKNCT
2CUUEQFG
5WRGTXKUQTRTKXKNGIG 0Q
;GU #NCTOTGUGV
6JGEQTTGURQPFKPIWUGTJCUUWRGTXKUQTRTKXKNGIGUCPFVJWUJCU 4GRTKPVVTCPUCEVKQP
CEEGUU VQ CNN RTQITCO OQFG OGPW QRVKQPU KPENWFKPI
5GVWR5GEWTKV[ RCTCOGVGTU KP QTFGT VQ RGTHQTO RCUUEQFG 4GRTKPVEWVQHH
OCKPVGPCPEG
%106+07'
7PKV2CTCOGVGTU
0QVG 6JG FGHCWNV HQT 7PKV 6[RG KU FGRGPFGPV QP QRVKQPU /CPWCN
URGEKHKGFFWTKPIKPKVKCNUGVWR
# VGTOKPCN CWVQOCVKQP U[UVGO ECP OCKPVCKP DK
7PKV 2CTCOGVGTU EQPVCKP FCVC YJKEJ FGHKPGU XCTKQWU IGPGTCN FKTGEVKQPCNEQOOWPKECVKQPUYKVJVJG&CP.QCFCPF
QRGTCVKPIEJCTCEVGTKUVKEUQHVJG&CP.QCF RGTHQTOU OQPKVQTKPI QH VJG DCVEJ FGNKXGT[ QRGTCVKQPU
%QPVTQN HWPEVKQPU KUUWGF HTQO VJG VGTOKPCN CWVQOCVKQP
U[UVGOCTGPQVCEEGRVGFD[VJG&CP.QCF+HWUGF
1RGTCVKPIOQFG RTQITCO EQFG #WVQOCPWCN EJCPIGQXGT UJQWNF DG
12'0VQUGNGEVVJKUQRVKQP
6JKURTQITCOEQFGUGNGEVUVJGQRGTCVKPIOQFGQHVJG&CP.QCF
HQTKPVGTCEVKQPYKVJ C VGTOKPCNCWVQOCVKQPU[UVGO6JG
FCVCNQIIKPIHGCVWTGQRGTCVGUKPVJG/CPWCNOQFGQPN[&CVC
NQIIKPI KU PQV CXCKNCDNG KP VJG #WVQ OQFG 6JG QRGTCVKPI
OQFGUCTG
#WVQ
7PKVV[RG 1HHTCEM
6JKU RTQITCO EQFG UGNGEVU VJG OGVJQF QH EQPVTQNNKPI DCVEJ 0QVWUGF
FGNKXGTKGU6JGQRVKQPUCTG
&KURGPUGT
5GS CWVQ
#FKURGPUGTKPJGTKVUOQUVQHVJGEJCTCEVGTKUVKEUQHCPKP
5GSWGPVKCN DNGPFKPI KU RGTHQTOGF 1PG VQ HQWT NKPGDNGPFGT*QYGXGTVJGHQNNQYKPIFKHHGTGPEGUHTQO
EQORQPGPVUCTGNQCFGFUGSWGPVKCNN[QPGCVCVKOG6JG CPKPNKPGDNGPFGTUJQWNFDGPQVGF
DNQEMXCNXGUCTGEQPVTQNNGFCWVQOCVKECNN[
6JG5612MG[UVQRUCPFGPFUCDCVEJ
5GS OCPWCN
#RTKOCT[QTUGEQPFCT[CNCTOUVQRUCPFGPFUCDCVEJ
5GSWGPVKCN DNGPFKPI KU RGTHQTOGF 1PG VQ HQWT
EQORQPGPVUCTGNQCFGFUGSWGPVKCNN[QPGCVCVKOG6JG 0QVG # UKPING EQORQPGPV &CP.QCF ECP DG GKVJGT C
QRGTCVQTKURTQORVGFVQQRGPCPFENQUGDNQEMXCNXGU UGSWGPVKCN QT KPNKPG WPKV V[RG FGRGPFKPI QP YJKEJ QVJGT
EJCTCEVGTKUVKEUQHVJGUGWPKVV[RGUCTGQHKPVGTGUV
+PNKPG
+PNKPGRTQRQTVKQPCNQTKPNKPGPQPRTQRQTVKQPCNDNGPFKPI
FGRGPFKPIQPTGEKRGEQPHKIWTCVKQP KURGTHQTOGF1PG
QT OQTG EQORQPGPVU CTG NQCFGF UKOWNVCPGQWUN[ YKVJ
GCEJEQORQPGPVHNQYOGCUWTGFD[CUGRCTCVGHNQYOGVGT
CPFEQPVTQNNGFD[CUGRCTCVGFKIKVCNHNQYEQPVTQNXCNXG
8CNXGV[RG
5VFUVCIG
6JGHNQYEQPVTQNXCNXGKUCUVCPFCTFUVCIGV[RG6JKU
XCNXG V[RG ECP CNUQ DG WUGF VQ EQPVTQN UKORNG QPQHH
XCNXGU6JGHNQYTCVGUCEJKGXGFCTGCHWPEVKQPQHNKPG
RTGUUWTG
.CPIWCIG
6JKU RTQITCO EQFG UGNGEVU VJG NCPIWCIG WUGF HQT VJG .QCFKPI
&KURNC[CPFFCVCNQIIKPI
'PINKUJ
'PINKUJ 5GG PQVGU HQNNQYKPI NKUV QPOGUUCIG
EQFGU
5RCPKUJ
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2QTVWIWGUG
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(TGPEJ
0QTYGIKCP
5NQXCM
2QNKUJ
/CEGFQPKCP
+VCNKCP
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/CNC[ &CVCNQIIKPIKP'PINKUJ
4WUUKCP &CVCNQIIKPIKP'PINKUJ
%TQCVKCP &CVCNQIIKPIKP'PINKUJ
8KGVPCOGUG &CVCNQIIKPIKP'PINKUJ
5NQXGPKCP &CVCNQIIKPIPQCEEGPVGFEJCTCEVGTU
'PINKUJ KP VJG NKUV CDQXG JCU OGUUCIG PWODGTU CRRGPFGF VQ 7PCWVJHNQYGZEGGFUNKOKVOGVGT:
RGTOKV VJG WUG QH RTKPVGF EQFG VTCPUNCVKQP ECTF HQT QVJGT 5CHGV[EKTEWKVOGUUCIG
NCPIWCIGU+PXVJGOGUUCIGPWODGTHQTVJGé(NQYTCVG #FFKVKXG:HCKNWTG
VQQ JKIJê OGUUCIG YCU EJCPIGF HTQO VQ #NN CXCKNCDNG 2WNUGUGEWTKV[GTTQTOGVGT:
OGUUCIGEQFGUCTGUJQYPDGNQY 6GORGTCVWTGHCKNWTGOGVGT:
5CHGV[EKTEWKVOGUUCIG
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6JKURTQITCOEQFGUGNGEVUVJGOGVJQFWUGFVQUWURGPFCDCVEJ 6JKU RTQITCO EQFG UGVU VJG SWCPVKV[ ITQUU QT UVCPFCTF
FGNKXGT[QRGTCVKQPCHVGTVJG5612MG[KURTGUUGF 0QVG6JG FGRGPFKPIQPVJGWPKVV[RGCPFRTGUGVFGNKXGT[V[RG VQFGNKXGT
5612 MG[ HWPEVKQP UJQWNF PQV DG WUGF HQT CP GOGTIGPE[ CV C HCNNDCEMHNQYTCVGDGHQTGVJG&CP.QCFCVVGORVU VQ
UJWVFQYP DGECWUG VJG RQYGT VQ VJG RGTOKUUKXG EKTEWKVU KU PQV TCOR WR HNQY TCVG VQ VJG PGZV JKIJGT HNQY TCVG KG TGEQXGT[
TGOQXGFD[VJKUHWPEVKQP HTQOHCNNDCEM#HCNNDCEMSWCPVKV[ITGCVGTVJCPQTGSWCNVQVJG
OCZKOWORTGUGVSWCPVKV[ NCTIGUVDCVEJ FKUCDNGUVJKUHGCVWTG
.QYHNQY
2TGUGVFGNKXGT[ V[RG 2TGUGVFGNKXGT[ V[RG
)TQUU 5VCPFCTF
4COR VQ NQY HNQY TCVG DGHQTG HKPCNN[ ENQUKPI VJG HNQY
EQPVTQN XCNXG VQ UVQR CNN HNQY YJKNG MGGRKPI VJG RWOR 5GSWGPVKCN 4GEQXGT[ HTQO HCNN 4GEQXGT[ HTQO HCNN
7PKV V[RG DCEM KU D[ ITQUU DCEM KU D[ UVCPFCTF
TWPPKPI6JKUOGVJQFQHUJWVFQYPRTGXGPVUJ[FTCWNKE SWCPVKV[ SWCPVKV[
UJQEMKPVJGRKRKPIU[UVGO 0QVG6JG
+PNKPG 4GEQXGT[ HTQO HCNN 4GEQXGT[ HTQO HCNN
.QY HNQY UVQR SV[ KU PQV FGNKXGTGF FWTKPI VJKU 7PKV V[RG DCEM KU D[ ITQUU DCEM KU D[ ITQUU
OGVJQFQHUJWVFQYP SWCPVKV[ SWCPVKV[
+OOGFKCVG
.QYHNQYUVCTVSV[
%NQUG VJG HNQY EQPVTQN XCNXG CPF UVQR VJG RWOR
KOOGFKCVGN[ 6JKU OGVJQF QH UJWVFQYP OC[ ECWUG 6JKURTQITCOEQFGUGVUVJGSWCPVKV[VQFGNKXGTDGHQTGEQPVTQNNKPI
J[FTCWNKEUJQEMKPVJGRKRKPIU[UVGO VJGHNQYEQPVTQNXCNXGVQKPETGCUGVJGHNQYTCVGVQVJGJKIJHNQY
TCVG
.KPGRCEMFGNC[ U
.QYHNQYTGUVCTVSV[
6JKURTQITCOEQFGUGVUVJGVKOGDGVYGGPUVCTVKPIVJGRWORHQT
6JKURTQITCOEQFGUGVUVJGSWCPVKV[VQFGNKXGTDGHQTGEQPVTQNNKPI VJKUEQORQPGPVCPFQRGPKPIVJGHNQYEQPVTQNXCNXGYJGPCDCVEJ
VJGHNQYEQPVTQNXCNXGVQKPETGCUGVJGHNQYTCVGVQVJGJKIJHNQY KUUVCTVGFQTTGUVCTVGF6JGFGHCWNVXCNWGKUUGEQPFU
TCVG CHVGT TGUVCTVKPI C UWURGPFGF DCVEJ FGNKXGT[ CPF CHVGT VJG
KPKVKCN RTQITCO EQFG .QY HNQY UVCTV
XQNWOGJCUDGGPFGNKXGTGF6JGFGHCWNVXCNWGKUWPKVU%CP 2WORUVQRFGNC[ U
CNUQ DG WUGF HQT OWNVKRNG EQORQPGPV UGSWGPVKCN DNGPFKPI
CRRNKECVKQPUUGGRTQITCOEQFG 6JKU RTQITCO EQFG UGVU VJG VKOG DGVYGGP VGTOKPCVKPI HNQY
VJTQWIJ VJG OGVGT CPF FGGPGTIK\KPI VJG RWOR HQT VJKU
EQORQPGPV
.QYHNQYUVQRSV[
6JKU RTQITCO EQFG UGVU VJG SWCPVKV[ ITQUU QT UVCPFCTF $NQEMXCNXGFGNC[ U
FGRGPFKPIQPVJGRTGUGVFGNKXGT[V[RG VQFGNKXGTCVVJGNQYHNQY
TCVGQTUVQRTCVGDGHQTGCNNHNQYKUUVQRRGF6JGFGHCWNVXCNWGKU 6JKURTQITCOEQFGUGVUVJGVKOGDGVYGGPQRGPKPIVJGEQORQPGPV
WPKVU 0QVG+HVJKUSWCPVKV[KUUGVVQCXGT[NQYXCNWGVJG DNQEM XCNXG CPF QRGPKPI VJG EQORQPGPV HNQY EQPVTQN XCNXG
&CP.QCFOC[PQVDGCDNGVQUVCDKNK\GVJGHNQYTCVGFWTKPI FWTKPIUVCTVWR6JGEQORQPGPVDNQEMXCNXGKUENQUGFCHVGTHNQY
FGNKXGT[ QH VJG .QY HNQY UVQR SWCPVKV[ +H VJKU JCRRGPU VJG JCU DGGP VGTOKPCVGF D[ VJG HNQY EQPVTQN XCNXG QT YJGP C
EQPVTQN XCNWG ENQUWTG SWCPVKV[ ECPPQV DG CEEWTCVGN[ EQORWVGF RTKOCT[CNCTOKUTCKUGF
CPF VJG RTGUGV VCTIGV XQNWOG YKNN DG OKUUGF +V UJQWNF DG
TGOGODGTGF VJCV HNQY EQPVTQN XCNXGU VJCV QRGTCVG WUKPI NKPG
RTGUUWTGV[RKECNN[ENQUGOQTGUNQYN[YJGPNKPGRTGUUWTGKUNQY
%106+07'
4CORENKEMU VQ
/CKPVGPCPEGENKEMU VQ
#FFKVKXGRWORUVQR U VQ
2TKOCT[EQORQPGPV VQ
4CORENKEMU 2TKOCT[EQORQPGPV
6JKU RTQITCO EQFG UGNGEVU VJG OCZKOWO PWODGT QH CVVGORVU 6JKURTQITCOEQFGFGHKPGU D[EQORQPGPVPWODGT VJGRTKOCT[
HNQYEQPVTQNXCNXGUQNGPQKFENKEMU VQKPETGCUGHNQYTCVGVQC EQORQPGPVQHCDNGPFYJKEJKUWUGFVQFGVGTOKPGCDNGPFGTTQT
JKIJGTHNQYTCVGDGHQTGJCNVKPICVVGORVUCPFOCKPVCKPKPIEWTTGPV KHVJG$NGPFGTTQTOGVJQF RTQITCOEQFG KU)TUSV[FKHHQT
QTHCNNDCEMHNQYTCVG 5VFSV[FKHH+PVJKUECUGVJGTGOWUVDGCPQP\GTQRGTEGPVCIGQH
VJGRTKOCT[EQORQPGPVKPGXGT[TGEKRG6JKURTQITCOEQFGKU
CNUQWUGFHQTNKPGHNWUJKPICVVJGGPFQHCFGNKXGT[KPYJKEJECUG
/CKPVGPCPEGENKEMU VJG JKIJGUV QEVCPG EQORQPGPV KU WUWCNN[ FGHKPGF VQ DG VJG
RTKOCT[EQORQPGPV
6JKU RTQITCO EQFG UGNGEVU VJG OCZKOWO PWODGT QH CVVGORVU
HNQYEQPVTQNXCNXGUQNGPQKFENKEMU VQOCKPVCKPHNQYTCVGDGHQTG
JCNVKPICVVGORVUCPFIQKPIVQCNQYGTéHCNNDCEMêHNQYTCVG
#FFKVKXGRWORUVQR U
6JKURTQITCOEQFGUGNGEVUVJGVKOGFGNC[DGVYGGPVJGNQCFUVQR
CPFFGGPGTIK\KPIVJGCFFKVKXGRWORQWVRWVU RTQITCOEQFG
2WORQWVRWV
&KIKVCN8CNXG2CTCOGVGTU
2%(WPEVKQP
(QWT&KIKVCN8CNXGU 4CPIG&GHCWNV 141RVKQP &GHCWNV
.QYHNQYGTTQT VQ
*KIJHNQYGTTQT VQ
/CKPVENKEM VQ
CFLWUVOGPV
1RGPOGVJQF 0QTOCN
1RGPGF
%NQUGF
&KIKVCN8CNXG2CTCOGVGTUEQPVCKPFCVCYJKEJFGHKPGUVJGOGVJQF *KIJHNQYGTTQT
HQTEQPVTQNNKPIVJGQRGTCVKQPQHFKIKVCNN[QRGTCVGFHNQYEQPVTQN
XCNXGU 6JG RCTCOGVGTU CTG QTICPK\GF KP ITQWRU QH HQWT 6JKURTQITCOEQFGUGVUVJGRGTEGPVCIGQHFKHHGTGPEGKPVJGCEVWCN
RCTCOGVGTUTGNCVGFVQGCEJFKIKVCNHNQYEQPVTQNXCNXG JKIJHNQYTCVGCPFVJGRTQITCOOGFJKIJHNQYTCVG UGVRQKPV
CNNQYGFDGHQTGCHNQYTCVGCFLWUVOGPVEQOOCPFKUUGPVVQVJG
&KIKVCN 8CNXG 2CTCOGVGTU CTG PQV CRRNKECDNG VQ QVJGT V[RGU QH HNQYEQPVTQNXCNXG#éJKIJHNQYTCVGêKUCP[HNQYTCVGITGCVGT
HNQYEQPVTQNXCNXGUUGNGEVGFD[RTQITCOEQFG8CNXGV[RG VJCPVJGNQYHNQYUVCTVTCVGQTVJGUVQRTCVG6JKURTQITCOEQFG
FGHKPGUVJGFGCFDCPFCPFKUQPN[KPGHHGEVYJGPVJGJKIJHNQY
TCVG KU GUVCDNKUJGF CPF PQV KP GHHGEV YJGP VJG HNQY TCVG KU
.QYHNQYGTTQT KPETGCUKPI VQ VJG JKIJ HNQY TCVG UGVRQKPV FWTKPI UVCTVWR 6JG
UWIIGUVGF XCNWG KU RGTEGPV *KIJGT XCNWGU OC[ CHHGEV
6JKURTQITCOEQFGUGVUVJGRGTEGPVCIGQHFKHHGTGPEGKPVJGCEVWCN OGCUWTGOGPV CEEWTCE[ UKPEG VJG HNQY TCVG YKNN DG CNNQYGF VQ
NQY HNQY TCVG CPF VJG RTQITCOOGF NQY HNQY TCVG UGVRQKPV XCT[QXGTCYKFGTTCPIGYKVJQWVDGKPIEQPVTQNNGF
CNNQYGFDGHQTGCHNQYTCVGCFLWUVOGPVEQOOCPFKUUGPVVQVJG
HNQYEQPVTQNXCNXG6JKURTQITCOEQFGFGHKPGUVJGFGCFDCPF
CPFKUQPN[KPGHHGEVYJGPVJGNQYHNQYTCVGKUGUVCDNKUJGFCPF
9#40+0)
PQVKPGHHGEVYJGPVJGHNQYTCVGKUEJCPIKPIVQVJGNQYHNQYTCVG
FWTKPIUVCTVWRQTUJWVFQYP6JGUWIIGUVGFXCNWGKURGTEGPV
+PETGCUKPIVJGNQYQTJKIJHNQYFGCFDCPFUOC[TGFWEG
*KIJGTXCNWGUOC[CHHGEVOGCUWTGOGPVCEEWTCE[UKPEGVJGHNQY
OGCUWTGOGPVCEEWTCE[UKPEGRTQFWEVOC[PQVHNQYQWVCV
TCVGYKNNDGCNNQYGFVQXCT[QXGTCYKFGTTCPIGYKVJQWVDGKPI
VJGUCOGHNQYTCVGGCEJVKOGCDCVEJKUNQCFGF
EQPVTQNNGF
/CKPVENKEMCFLWUVOGPV U 0QTOCN
6JKU RTQITCO EQFG UGVU VJG VKOG VJCV KU CFFGF VQ VJG éDCUGê (NQYEQPVTQNXCNXGUQNGPQKFKUGPGTIK\GFFWTKPIRTQITCOEQFG
VKOGU VJCV VJG XCNXG EQPVTQN UQNGPQKFU CTG éVQIINGF QPê VQ +PKVKCNHNQYVKOG 0QVG6JGHNQYEQPVTQNXCNXGOC[QTOC[
KPETGCUGVJGHNQYTCVG CPFéVQIINGFQHHê VQFGETGCUGVJGHNQY PQVéETCEMQRGPêFWTKPIVJGKPKVKCNHNQYVKOGFGRGPFKPIQPVJG
TCVG FWTKPI HNQY TCVG OCKPVGPCPEG 6JG DCUG VKOGU CTG QTKHKEG UK\GU GZRQUGF D[ UQNGPQKFU CPF CPF VJG WRUVTGCO
OKNNKUGEQPFU VQ KPETGCUG VJG HNQY TCVG CPF OKNNKUGEQPFU VQ RTGUUWTGRTQXKFGFD[VJGRWOR
FGETGCUGVJGHNQYTCVG6JGFGHCWNVXCNWGKUUGEQPFUKG
OKNNKUGEQPFUVQKPETGCUGVJGHNQYTCVGCPFOKNNKUGEQPFUVQ
FGETGCUG VJG HNQY TCVG &GETGCUG VJKU XCNWG KH HNQYTCVG 1RGPGF
OCKPVGPCPEGCFLWUVOGPVUECWUGVJGHNQYTCVGVQQUEKNNCVGCDQXG
CPFDGNQYVJGTGSWKTGFHNQYTCVG+PETGCUGVJKUXCNWGKHHNQY (NQY EQPVTQN XCNXG UQNGPQKF CPF UQNGPQKF CTG GPGTIK\GF
TCVG OCKPVGPCPEG CFLWUVOGPVU FQ PQV UKIPKHKECPVN[ EJCPIG VJG FWTKPI RTQITCO EQFG +PKVKCN HNQY VKOG 0QVG 6JG
HNQY TCVG 7UG KPETGOGPVU QH UGEQPFU KG EQORQPGPVHNQYUFWTKPIVJGKPKVKCNHNQYVKOGCUVJGXCNXGVTKGUVQ
OKNNKUGEQPFU DGEQOGHWNN[QRGP
1RGPOGVJQF
6JKU RTQITCO EQFG UGVU VJG OGVJQF HQT EQPVTQNNKPI VJG HNQY
EQPVTQN XCNXG FWTKPI VJG VKOG URGEKHKGF D[ RTQITCO EQFG
+PKVKCN HNQY VKOG 0QVG 6JKU HGCVWTG KU KPVGPFGF HQT WUG KP
OWNVKEQORQPGPVDNGPFKPIU[UVGOU6JGRWTRQUGKUVQCNNQYC
EQORQPGPV YKVJNQYRWORKPIRTGUUWTGVQUVCTVHNQYKPIDGHQTG
QVJGTEQORQPGPVUYKVJJKIJGTRWORKPIRTGUUWTG
%NQUGF
(NQYEQPVTQNXCNXGUQNGPQKFCPFUQNGPQKFCTGFGGPGTIK\GF
FWTKPI RTQITCO EQFG +PKVKCN HNQY VKOG 0QVG 6JG
EQORQPGPV FQGU PQV HNQY FWTKPI KPKVKCN HNQY VKOG 6JKU
GHHGEVKXGN[ KPETGCUGU VJG NKPGRCEM FGNC[ 5GG RTQITCO EQFGU
2WNUG2GT7PKV1WVRWVU
2WNUG2GT7PKV1WVRWVUEQPVCKPUFCVCYJKEJFGHKPGVJGOGVJQF %QPVTQNOGVGTU
QHRTQEGUUKPIRWNUGFQWVRWVUHQTGCEJOGCUWTGFRTQFWEV6JG
HKTUV RCTCOGVGT KP VJG ITQWR RTQITCO EQFG 0WODGT QH 6JKU RTQITCO EQFG UGNGEVU VJG HNQY OGVGT QT EQODKPCVKQP QH
RWNUGRGTWPKVQWVRWVUUGVUVJGPWODGTQHRWNUGRGTWPKVQWVRWVU HNQYOGVGTUCPFGKVJGTVJGITQUUQTUVCPFCTFSWCPVKVKGUVQFTKXG
VJCV CTG CUUKIPGF VQ FKUETGVG QWVRWVU RTQITCO EQFGU CPF VJKUQWVRWV#EEGUUVQKPVGTPCNCEEWOWNCVQTUHQTHNQYOGVGTUKU
6JG TGOCKPKPI RCTCOGVGTU CTG QTICPK\GF KP ITQWRU QH CUUKIPGF D[ C QPG VQ HQWT EJCTCEVGT UVTKPI QPG EJCTCEVGT
VJTGG RCTCOGVGTU TGNCVGF VQ GCEJ RWNUG RGT WPKV QWVRWV 'CEJ RQUKVKQPHQTGCEJHNQYOGVGTKGVJGHKTUVEJCTCEVGTURGEKHKGUVJG
QWVRWVECPDGUGVWRVQRTQXKFGFKHHGTGPVQWVRWVUFGTKXGFHTQOVJG CEEWOWNCVQT HQT OGVGT VJG UGEQPF EJCTCEVGT URGEKHKGU VJG
HNQYOGCUWTGFVJTQWIJFKHHGTGPVHNQYOGVGTUCPFYKVJFKHHGTGPV CEEWOWNCVQTHQTOGVGTGVE6JGUGNGEVKQPUHQTGCEJRQUKVKQP
UECNKPI KPVJGUVTKPICTG:)QT5WUKPICNRJCPWOGTKEUVTKPIV[RGGPVT[
6JKU RTQITCO EQFG UGVU VJG VQVCN PWODGT QH RWNUG RGT WPKV ) 7UG VJG ITQUU SWCPVKV[ VJTQWIJ VJKU OGVGT HQT
QWVRWVU 0QVG +H OQTG VJCP RWNUG RGT WPKV QWVRWVU CTG FGVGTOKPKPIVJGEQPVTQNSWCPVKV[
PGGFGFVJGCFFKVKXGTCVKQQWVRWVURTQITCOEQFG
4CVKQ QWVRWV YKVJ VJG EQTTGURQPFKPI 5 7UGVJGUVCPFCTFSWCPVKV[VJTQWIJVJKUOGVGTHQT
RTQITCOEQFG4CVKQSV[UGV FGVGTOKPKPIVJGEQPVTQNSWCPVKV[
VQECPDGWUGFHQTVJKURWTRQUG
(CEVQT
6JKURTQITCOEQFGUGVUVJGUECNGHCEVQTHQTVJGEQTTGURQPFKPI OU OU OU
QWVRWV#HCEVQTQHECWUGUVJGQWVRWVVQDGRWNUGFHQTGCEJ
CEEWOWNCVGFWPKVQHRTQFWEV#HCEVQTQHECWUGUVJGQWVRWV
VQRWNUGHQTGCEJQPGVGPVJQHCPCEEWOWNCVGFWPKVQHRTQFWEV
#HCEVQTQHECWUGUVJGQWVRWVVQRWNUGQPGVKOGHQTGCEJ
VGPCEEWOWNCVGFWPKVUQHRTQFWEV
%106+07'
#FFKVKXG&GNKXGT[2CTCOGVGTU
0WODGTQHCFFKVKXGU VQ
5GNGEVKQPOGVJQF 'ZVGTPCN
2TQORV
+PRWVU
4GEKRG
/WNVK4CVG
+PLGEV2GTEGPVCIG VQ
%NGCPNKPGSV[ VQ
#FFKVKXGEQPVTQNOGVGTU EJCTCEVGTU))))
QPN[)5CPF:CTGXCNKF
4CVKQSV[ VQ
+PLGEVKQP/GVJQF /GEJ
*CPFUJCMG
/GVGT
%QPVTQN
8QNWOGRWNUGQT- VQ
HCEVQT
#FFKVKXGRGT VQ
0WODGTQHCFFKVKXGU 'ZVGTPCN
6JKU RTQITCO EQFG UGVU VJG PWODGT QH NQIKECN CFFKVKXGU VQ DG #NN EQPHKIWTGF é0WODGT QH CFFKVKXGUê CFFKVKXG TCVKQ
EQPVTQNNGFCPFQTOGCUWTGF6JGTGOC[DGQPGQTOQTGNQIKECN QWVRWVUCTGE[ENGF#PCFFKVKXGECPDGUGNGEVGFD[CP
CFFKVKXGUHQTGCEJRJ[UKECNCFFKVKXGQTCFFKVKXGKPLGEVQT'CEJ GZVGTPCNEQPVCEVGI CP CWVQOCVKQPU[UVGOTGNC[QTC
NQIKECNCFFKVKXGJCUKVUQYPDCVEJCPFTWPPKPIVQVCNK\GTUVJCVECP MG[UYKVEJECPENQUGVJGEKTEWKVHTQOVJGCFFKVKXGTCVKQ
DGFKURNC[GFKPVJGF[PCOKEFCVCFKURNC[QTRTKPVGFQPXCTKQWU QWVRWVVQVJGKPLGEVQT
FCVCNQIU
2TQORV
+PRWVU 6JGFGHCWNVXCNWGKUé'ZVGTPCNê6JGFGEKOCNGSWKXCNGPVQHVJG
CFFKVKXGéDKVOCRêHQTVJGé4GEKRGêCPFé/WNVK4CVGêUGNGEVKQP
%QPHKIWTGF é0WODGT QH CFFKVKXGUê CFFKVKXG TCVKQ OGVJQFUKUEQORWVGFD[CFFKPIVQIGVJGTVJGCRRTQRTKCVGXCNWGU
QWVRWVUCTGE[ENGFQPN[KHVJGKTEQTTGURQPFKPICFFKVKXG HTQOVJGTKIJVJCPFEQNWOPQHVJGHQNNQYKPIVCDNG
UGNGEVKQPKPRWVUCTGENQUGFFWTKPICDCVEJ
#FFKVKXG 8CNWG
4GEKRG
6JGCFFKVKXGUURGEKHKGFD[VJGNCUVVYQEJCTCEVGTUQHVJG
TGEKRGPCOGGPVGTGFCUVJGFKIKVFGEKOCNGSWKXCNGPVQH
CP CFFKVKXG éDKV OCRê UGG DGNQY CTG UGNGEVGF
CWVQOCVKECNN[ /WNVKRNG CFFKVKXGU ECP DG UGNGEVGF RGT
TGEKRG 6JG TCVKQ SWCPVKV[ FGHKPGF KP VJG CFFKVKXG
FGNKXGT[RCTCOGVGTUKUWUGF
/WNVK4CVG
6JGCFFKVKXGUURGEKHKGFD[VJGNCUVVYQEJCTCEVGTUQHVJG (QTGZCORNGKHCFFKVKXGKUVQDGKPLGEVGFKPTGEKRGVJGP
TGEKRGPCOGGPVGTGFCUVJGFKIKVFGEKOCNGSWKXCNGPVQH UJQWNFDGGPVGTGFCUVJGNCUVVYQEJCTCEVGTUQHTGEKRG UPCOG
CP CFFKVKXG éDKV OCRê UGG DGNQY CTG UGNGEVGF RTQITCO EQFG (QT CFFKVKXGU CPF YQWNF DG
CWVQOCVKECNN[ /WNVKRNG CFFKVKXGU ECP DG UGNGEVGF RGT GPVGTGFCUVJGNCUVVYQEJCTCEVGTU
TGEKRG 6JG TCVKQ SWCPVKV[ FGHKPGF KP VJG TGEKRG
RCTCOGVGTU EQORQPGPVRGTEGPVCIG KUWUGF(QT
OWNVKRNGTCVGURGTKPLGEVQTUGG5GEVKQPHQTHWTVJGT
GZRNCPCVKQP
+PLGEV2GTEGPVCIG %NGCPNKPGSV[
6JKU RTQITCO EQFG UGNGEVU VJG RGTEGPVCIG QH VJG CFLWUVGF 6JKURTQITCOEQFGUGVUVJGCFFKVKXGENGCPNKPGSWCPVKV[KGVJG
CFFKVKXG TCVKQ E[ENG CV YJKEJ KPLGEVKQP DGIKPU KG VJG TCVKQ ITQUU QT UVCPFCTF SWCPVKV[ FGRGPFKPI QP VJG EQPHKIWTGF
QWVRWV KU UYKVEJGF QP (QT VJG é/GEJê é*CPFUJCMGê CPF RTGUGVFGNKXGT[V[RG QHRTQFWEVFGNKXGTGFRTKQTVQVJGGPFQHC
é/GVGTêKPLGEVKQPOGVJQFUKPLGEVKQPGPFUKGVJGTCVKQQWVRWV DCVEJFWTKPIYJKEJPQCFFKVKXGKPLGEVKQPVCMGURNCEGUQVJCVVJG
KUUYKVEJGFQHHCHVGTQHVJGCFLWUVGFCFFKVKXGTCVKQSWCPVKV[ PGZV DCVEJ KU PQV EQPVCOKPCVGF YKVJ VJG RTGXKQWU DCVEJçU
JCU DGGP FGNKXGTGF (QT VJG é%QPVTQNê KPLGEVKQP OGVJQF CFFKVKXG6JKUXCNWGUJQWNFDGCVNGCUVCUNCTIGCUVJGXQNWOGQH
KPLGEVKQP GPFU KG VJG TCVKQ QWVRWV KU UYKVEJGF QHH YJGP VJG VJGRKRGCPFNQCFKPICTO DGVYGGPVJGRQKPVYJGTGCFFKVKXGKU
CRRTQRTKCVG SWCPVKV[ QH CFFKVKXG HQT VJG TCVKQ E[ENG JCU DGGP KPLGEVGFCPFVJGEQPPGEVKQPVQVJGXGJKENG
OGVGTGF6JGFGHCWNVXCNWGKU
(QTGZCORNGKHVJGCFFKVKXGTCVKQSWCPVKV[KUCPFVJGENGCP
5GVVKPI VJG KPLGEV RGTEGPV VQ CPF VJG KPLGEVKQP OGVJQF NKPG SWCPVKV[ KU VJGP HQT C RTGUGV SWCPVKV[ QH VJG
RTQITCO EQFG GVE VQ é*CPFUJCMGê KORNGOGPVU VJG CFFKVKXGTCVKQSWCPVKV[KUCFLWUVGFVQUQVJCVVJGTGSWKTGF
éKPLGEV CHVGT TCVKQ SWCPVKV[ê EQPVTQN UQOGVKOGU TGSWKTGF HQT KPLGEVKQP E[ENGU CTG EQORNGVGF YKVJ WPKVU QH RTQFWEV
OGTECRVCPKPLGEVKQP TGOCKPKPIVQDGFGNKXGTGF
6JKU RTQITCO EQFG KFGPVKHKGU VJG RTQFWEV HNQY OGVGTU YJQUG 6JG GZCORNG UJQYU HQWT EJCTCEVGT RQUKVKQPU YJKEJ
OGCUWTGFSWCPVKVKGUCTGWUGFVQEQPVTQNCFFKVKXGKPLGEVKQPE[ENGU KPFKECVGUVJCVHQWTHNQYOGVGTUCTGFGHKPGF6JGPWODGT
DCUGF QP VJG CFFKVKXGçU TCVKQ SWCPVKV[ (NQY OGVGTU CTG QHEJCTCEVGTRQUKVKQPUKPVJGUVTKPIKUCWVQOCVKECNN[UGVVQ
FGUKIPCVGF D[ TGNCVKXG EJCTCEVGT RQUKVKQPU KP C QPG VQ HQWT VJGPWODGTQHFGHKPGFHNQYOGVGTU RTQITCOEQFG
EJCTCEVGT CNRJC UVTKPI QPG EJCTCEVGT RQUKVKQP HQT GCEJ 0WODGTQHOGVGTU 6JG 5:)5 UGNGEVKQPUURGEKH[VJG
EQPHKIWTGFHNQYOGVGT HQNNQYKPISWCPVKV[UWO EQODKPCVKQP KUWUGFVQFTKXG
VJGCUUKIPGFCFFKVKXGKPLGEVKQPQWVRWV
: (NQY VJTQWIJ VJKU OGVGT KU PQV WUGF HQT OGVGTUVF OGVGTITQUU OGVGTUVFFQPQVUWO
FGVGTOKPKPIVJGEQPVTQNSWCPVKV[ SWCPVKV[HTQOOGVGT
5 7UGVJGUVCPFCTFSWCPVKV[VJTQWIJVJKUOGVGTHQT
FGVGTOKPKPIVJGEQPVTQNSWCPVKV[
4CVKQSV[ /GEJ
/GVGT %QPVTQN
8QNWOGRWNUGQT-HCEVQT #FFKVKXGRGT
6JKU RTQITCO EQFG KU WUGF HQT VQVCNK\KPI CFFKVKXG DQVJ 6JGTGSWKTGFXQNWOGQHCFFKVKXG KPRTQFWEVWPKVUURGEKHKGFD[
CWVJQTK\GFCPFWPCWVJQTK\GFCFFKVKXGHNQY 6JKUKUKPéKPVGTPCN RTQITCOEQFG RGTWPKVUQHRTQFWEV9JGPCPQP\GTQ
CFFKVKXG WPKVUê (QT VJG é/GEJê CPF é*CPFUJCMGê KPLGEVKQP XCNWGKUEQPHKIWTGFVJG&CP.QCFXGTKHKGUVJCVVJGXQNWOG
OGVJQFUKVKUVJGXQNWOGRGTRWNUGKPEO(QTVJGé/GVGTêCPF QHCFFKVKXGKUYKVJKPNKOKVU RTQITCOEQFGUCPF
é%QPVTQNêKPLGEVKQPOGVJQFUKVKUVJGCFFKVKXGOGVGTçU-HCEVQT FWTKPI C DCVEJ CPF ECNEWNCVGU VJG CEVWCN RGTEGPVCIG QH VJG
KG RWNUGU RGT RTQFWEV WPKV 2TQFWEV WPKVU RGT RTQITCO EQFG TGSWKTGFCFFKVKXGRGTEQPVKPWQWUN[VJTQWIJQWVCDCVEJ FCVC
#PCFFKVKXGOGVGTçUPQOKPCN-HCEVQTKUWUWCNN[OCTMGFQP EQFG HQT CFFKVKXG GVE 6JWU éCFFKVKXG XQNWOG
VJG OGVGT CPF RTQXKFGU C IQQF UVCTVKPI XCNWG 6JG CFFKVKXG XGTKHKECVKQPê ECP DG GPCDNGF KPFGRGPFGPVN[ QH VJG CFFKVKXG
OGVGTçU CEVWCN -HCEVQT ECP DG FGVGTOKPGF WUKPI VJG CFFKVKXG KPLGEVKQPOGVJQF RTQITCOEQFGUGVE #PCFFKVKXG
OGVGT ECNKDTCVKQP UETGGP CEEGUUKDNG HTQO VJG 2TQITCO /QFG HCKNWTGCNCTOKUTCKUGFKHVJGOGCUWTGFXQNWOGQHCFFKVKXGKUPQV
OGPW +PVGTPCNCFFKVKXGWPKVUCTGEQPXGTVGFVQGZVGTPCNCFFKVKXG YKVJKP NKOKVU FWTKPI C DCVEJ 6JKU KU C RTKOCT[ CNCTO YJKEJ
WPKVU HQT FKURNC[ RTKPVKPI CPF EQOOWPKECVKQPU XKC VJG UVQRUVJGDCVEJ+VKUWUWCNN[PGEGUUCT[VQEQTTGEVVJGRTQDNGO
EQPHKIWTGF#FFKVKXGWPKVU RTQITCOEQFG GPFVJGDCVEJCPFUVCTVCPGYDCVEJHQTVJGTGOCKPKPISWCPVKV[
QHRTQFWEV
6JGFGHCWNVXCNWGKU
6JGFGHCWNVXCNWGKU
%QPXGTUKQPU
#FFKVKXG22/#FFKVKXGRGTZ
#FFKVKXGRGT#FFKVKXG22/
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2%(WPEVKQP
(QWT%QORQPGPVU 4CPIG&GHCWNV 141RVKQP &GHCWNV
0WODGTQHHCEVQTUEQORQPGPV VQ
/GVGTHCEVQTOGVJQF (KZGF
.KPGCT
0QOKPCN-HCEVQT VQ
/CUVGTOGVGTHCEVQT VQ
5VQRTCVG VQ
(CEVQTUEQPVCKPUFCVCYJKEJFGHKPGVJG HNQYOGVGTECNKDTCVKQP 6JKU RTQITCO EQFG UGVU VJG PWODGT QH OGVGT HCEVQTU
EJCTCEVGTKUVKEUHQTWRVQHQWTEQORQPGPVUCVWRVQHQWTFKHHGTGPV FGVGTOKPGF CV FKHHGTGPV HNQY TCVGU CXCKNCDNG HQT GCEJ HNQY
HNQYTCVGUHQTGCEJEQORQPGPV6JGHKTUVVYQRCTCOGVGTUKPVJG OGVGTCPFEQORQPGPVEQODKPCVKQP6JGNQYGUVHNQYTCVGHQT
ITQWRRTQITCOEQFGCPFRTQITCOEQFGCRRN[VQVJG NQYHNQYUVCTVWRCPFUJWVFQYPOWUVDGGPVGTGFHKTUV
ECNEWNCVKQP QH CNN HCEVQTU VJG TGOCKPKPI RCTCOGVGTU CTG
QTICPK\GFKPITQWRUQHVJTGGRCTCOGVGTUTGNCVGFVQGCEJFGHKPGF %QORQPGPVHCEVQT VJGJKIJGUVHNQYTCVGOWUVDGGPVGTGF
EQORQPGPVCPFITQWRUQHVYQRCTCOGVGTUTGNCVGFVQGCEJFGHKPGF NCUV %QORQPGPVHCEVQTQT
HNQY TCVG HQT VJCV EQORQPGPV VJWU CNNQYKPI FKHHGTGPV
EQORQPGPVUVJCVHNQYVJTQWIJVJGUCOGHNQYOGVGTGIKPC
UGSWGPVKCNDNGPFKPICRRNKECVKQPVQJCXGFKHHGTGPVOGVGTHCEVQTU 'CEJEQPHKIWTGFHNQYTCVGNQYGTVJCPVJGJKIJGUVHNQYTCVGECP
HQTVJCVOGVGT DGEQPUKFGTGFVQDGCéHCNNDCEMHNQYTCVGêKHVJGJKIJGUVHNQY
TCVGECPPQVDGCEJKGXGFQTOCKPVCKPGF
0WODGTQHHCEVQTUEQORQPGPV
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HNQYTCVGCPFVQECNKDTCVGGCEJEQORQPGPVçUOGVGT 6JKU RTQITCO EQFG UGNGEVU VJG OGVJQF WUGF VQ FGVGTOKPG VJG
OGVGTHCEVQTWUGFKPVJGHNQYECNEWNCVKQP
=+PNKPGWPKVU?0WODGTQHHNQYTCVGUCVYJKEJVQECNKDTCVGGCEJ
EQORQPGPVçUOGVGT 0QVG6JG/GVGTHCEVQTOGVJQF/756DGUGVVQé(KZGFêFWTKPI
OGVGTRTQXKPI
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6JG OGVGT HCEVQT VJCV YCU FGVGTOKPGF CV C HNQY TCVG VJCV KU 6JKU RTQITCO EQFG UGVU VJG PQOKPCN RWNUGU RGT RTQFWEV WPKV
ENQUGUV VQ VJG EWTTGPV HNQY TCVG KU WUGF (KZGF KU PQTOCNN[ TGEGKXGF HTQO VJG HNQY OGVGT 6JG -HCEVQT KU UQOGVKOGU
UGNGEVGFHQTFKIKVCNHNQYEQPVTQNXCNXGUKPUKPINGEQORQPGPVQT TGHGTTGF VQ CU VJG U[UVGO HCEVQT CPF KU WUWCNN[ RTKPVGF QP VJG
UGSWGPVKCNDNGPFKPINQCFKPIQRGTCVKQPU HNQYOGVGTPCOGRNCVG6JGFGHCWNVXCNWGKUYJKEJKUVJG
PQOKPCN RWNUGU RGT ICNNQP HQT C &CPKGN KPEJ FKCOGVGT .4
.KPGCT VWTDKPGOGVGT6JKUGPVT[UJQWNFCNYC[UDGUGVVQOCVEJVJG-
HCEVQTQHVJGCEVWCNHNQYOGVGTCPFUJQWNFPQVDGEJCPIGFFWTKPI
6JGOGVGTHCEVQTKUECNEWNCVGFD[CPKPVGTRQNCVKQPRTQEGUUVJCV OGVGTRTQXKPI#-HCEVQTQHCVNGCUVKUTGEQOOGPFGFCPF
WUGUVJGOGVGTHCEVQTUFGVGTOKPGFCVVJGPGZVJKIJGUVHNQYTCVG VJGOGVGTRWNUGKPRWVHTGSWGPE[CVNQYHNQYUJQWNFPQVDGNGUU
CPF VJG PGZV NQYGUV HNQY TCVG HTQO VJG EWTTGPV HNQY TCVG # VJCP*\RCTVKEWNCTN[KHCFKIKVCNHNQYEQPVTQNXCNXGKUWUGF
TCVKQ DGVYGGP VJG VYQ HNQY TCVGU CPF VJG EQTTGURQPFKPI VYQ
OGVGT HCEVQTU KU FGVGTOKPGF 6JG EWTTGPV OGVGT HCEVQT KU
ECNEWNCVGFCUUWOKPIVJCVVJGOGVGTHCEVQTXCNWGKPETGOGPVUCTG
NKPGCTDGVYGGPVJGVYQRTQXGFOGVGTHCEVQTUCPFDCUGFQPVJG
EWTTGPVHNQYTCVGCPFVJGTCVKQ.KPGCTKUUQOGVKOGUUGNGEVGFHQT
UVCIGHNQYEQPVTQNXCNXGUQTKPNKPGDNGPFKPIYJGPVJGOGVGT
ECPPQV DG ECNKDTCVGF CV GXGT[ RQUUKDNG HNQY TCVG VJCV YKNN DG
UGGP*QYGXGTVJGOGVGTHCEVQTOGVJQFOWUVDGUGVVQé(KZGFê
FWTKPIOGVGTRTQXKPI
/CUVGTOGVGTHCEVQT 5VQRTCVG
6JKURTQITCOEQFGUGVUVJGPWODGTWUGFKPVGTPCNN[VQXGTKH[VJG 6JKU RTQITCO EQFG FGHKPGU VJG HNQY TCVG CV YJKEJ VJKU
RTQDCDKNKV[QHCXCNKFOGVGTHCEVQTGPVT[#NNOGVGTHCEVQTUHQT EQORQPGPVKUFGNKXGTGFFWTKPIVJGEQORQPGPVçUEQPHKIWTGFNQY
VJKUEQORQPGPVOWUVDGYKVJKPVJGvRGTEGPV UGVD[RTQITCO HNQYUVQRSWCPVKV[CVVJGGPFQHCPKPNKPGDCVEJ6JWUVJGHKPCN
EQFG/CUVGT/( QHVJKUXCNWGQTVJGOGVGTHCEVQTGPVT[ ENQUWTGQHVJGHNQYEQPVTQNXCNXGKUCNYC[UHTQOVJGUCOGHNQY
KUEQPUKFGTGFVQDGQWVQHTCPIG6JGOCUVGTOGVGTHCEVQTKUPQV TCVG UQ VJCV éXCNXG ENQUWTG CXGTCIKPIê YKNN YQTM EQTTGEVN[
WUGFKPHNQYEQORWVCVKQPU KPFGRGPFGPVQHVJGKPFKXKFWCNEQORQPGPVDNGPFRGTEGPVCIGUKP
VJGTGEKRGU6JKUCNUQOGCPUVJCVVJGQXGTCNNHNQYTCVGCVVJGGPF
'ZCORNG#UUWOGRTQITCOEQFGGSWCNU +HVJKU QH C DCVEJ KU VJG UWO QH VJG UVQR TCVGU QH CP[ HNQYKPI
GPVT[ KU CEEGRVCDNG OGVGT HCEVQTU HQT CP[ QH VJG EQORQPGPVU6JGFGHCWNVXCNWGKU
EQTTGURQPFKPIRTQITCOEQFGU%QORQPGPVOGVGT
HCEVQTGPVTKGUCTGVQ
2%(WPEVKQP
(QWT%QORQPGPVU 4CPIG&GHCWNV 141RVKQP &GHCWNV
(NQYTCVG VQ
/GVGTHCEVQT RGT2%2%
(NQYTCVG VQ
/GVGTHCEVQT RGT2%2%
(NQYTCVG VQ
/GVGTHCEVQT RGT2%2%
(NQYTCVG VQ
/GVGTHCEVQT RGT2%2%
/CUVGT/( VQ
#FLCEGPV/( VQ
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5VFWPKVUOPGOQPKE EJCTCEVGTU)CN
7UGTGUVCTVSV[ 0Q
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6JKU RTQITCO EQFG UGVU VJG XCNWG KP SWCPVKV[ RGT OKPWVG CV 6JKU RTQITCO EQFG UGVU VJG XCNWG KP SWCPVKV[ RGT OKPWVG CV
YJKEJ VJG OGVGT HCEVQT HQT VJG NQY HNQY TCVG KU GUVCDNKUJGF YJKEJ VJG OGVGT HCEVQT HQT VJG JKIJ HNQY TCVG QT CP
'PIKPGGTKPIWPKVUHQTHNQYTCVGUCTGFGVGTOKPGFD[VJG-HCEVQT KPVGTOGFKCVGHNQYTCVGKUGUVCDNKUJGF'PIKPGGTKPIWPKVUHQT
UECNKPI RTQITCOEQFG0QOKPCN-HCEVQT HNQY TCVGU CTG FGVGTOKPGF D[ VJG -HCEVQT UECNKPI RTQITCO
HQT VJG EQORQPGPV 6JG WPKVU GPVGTGF HQT VJKU RCTCOGVGT CTG EQFG 0QOKPCN -HCEVQT HQT VJG
)2/F.2/.2/GVE EQORQPGPV 6JG WPKVU GPVGTGF HQT VJKU RCTCOGVGT CTG )2/
F.2/.2/GVE
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6JKU RTQITCO EQFG UGVU VJG OGVGT HCEVQT VJCV KU WUGF HQT VJG 6JKU RTQITCO EQFG UGVU VJG OGVGT HCEVQT VJCV KU WUGF HQT VJG
EQTTGURQPFKPIHNQYTCVGKPFKECVGFKPVJGRTGXKQWURCTCOGVGT EQTTGURQPFKPIHNQYTCVGKPFKECVGFKPVJGRTGXKQWURCTCOGVGT
(NQYTCVG (NQYTCVG
6JKU RTQITCO EQFG UGVU VJG XCNWG KP SWCPVKV[ RGT OKPWVG CV 6JKURCTCOGVGTUGVUVJGXCNWGKPSWCPVKV[RGTOKPWVGCVYJKEJVJG
YJKEJ VJG OGVGT HCEVQT HQT VJG JKIJ HNQY TCVG QT CP OGVGTHCEVQTHQTVJGJKIJHNQYTCVGKUGUVCDNKUJGF'PIKPGGTKPI
KPVGTOGFKCVGHNQYTCVGKUGUVCDNKUJGF 'PIKPGGTKPIWPKVUHQT WPKVU HQT HNQY TCVGU CTG FGVGTOKPGF D[ VJG -HCEVQT UECNKPI
HNQY TCVGU CTG FGVGTOKPGF D[ VJG -HCEVQT UECNKPI RTQITCO RTQITCOEQFG0QOKPCN-HCEVQT HQTVJG
EQFG 0QOKPCN -HCEVQT HQT VJG EQORQPGPV 6JG WPKVU GPVGTGF HQT VJKU RCTCOGVGT CTG )2/
EQORQPGPV 6JG WPKVU GPVGTGF HQT VJKU RCTCOGVGT CTG )2/ F.2/.2/GVE
F.2/.2/GVE
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/GVGTHCEVQT
6JKU RCTCOGVGT UGVU VJG OGVGT HCEVQT VJCV KU WUGF HQT VJG
6JKU RTQITCO EQFG UGVU VJG OGVGT HCEVQT VJCV KU WUGF HQT VJG EQTTGURQPFKPIHNQYTCVGKPFKECVGFKPVJGRTGXKQWURCTCOGVGT
EQTTGURQPFKPIHNQYTCVGKPFKECVGFKPVJGRTGXKQWURCTCOGVGT
/CUVGT/( #FLWUVOGPV/(
6JKU RTQITCO EQFG UGVU VJG RGTEGPVCIG DCPFYKFVJ HQT NKOKV 6JKU RTQITCO EQFG UGVU VJG CNNQYCDNG RGTEGPVCIG FKHHGTGPEG
EJGEMUQHVJGKPFKXKFWCN%QORQPGPVROGVGTHCEVQTHTGHGTGPEGF DGVYGGPCP[VYQCFLCEGPVOGVGTHCEVQTU#FLCEGPVOGVGTHCEVQTU
VQVJGRTQITCOEQFG/CUVGTOGVGTHCEVQT CTG
6JGFGHCWNVXCNWGKUYJKEJNKOKVUCP[RTQITCOEQFG =RTQITCOEQFG%QORQPGPVROGVGTHCEVQT
%QORQPGPVROGVGTHCEVQTHGPVT[VQvRGTEGPVQHVJG CPFRTQITCOEQFG%QORQPGPVROGVGT
EQTTGURQPFKPIRTQITCOEQFG/CUVGTOGVGT HCEVQT?
HCEVQTHQTVJGEQORQPGPV OGVGT
=RTQITCOEQFG%QORQPGPVROGVGTHCEVQT
CPFRTQITCOEQFG%QORQPGPVROGVGT
HCEVQTCPFRTQITCOEQFG%QORQPGPVR
OGVGTHCEVQT?
=RTQITCOEQFG%QORQPGPVROGVGTHCEVQT
CPFRTQITCOEQFG%QORQPGPVROGVGT
HCEVQTCPFRTQITCOEQFG%QORQPGPVR
OGVGTHCEVQT?
=RTQITCOEQFG%QORQPGPVROGVGTHCEVQT
CPFRTQITCOEQFG%QORQPGPVROGVGT
HCEVQT?
'PVGTKPIFKUCDNGUVJGXCNKFCVKQP
6JGFGHCWNVXCNWGKURGTEGPV
)TQUUWPKVUOPGOQPKE 7UGTGUVCTVSV[
6JG ITQUU RTQFWEV WPKVU OPGOQPKE KPFGRGPFGPV QH VJG (QT UGSWGPVKCN WPKV V[RG VJKU EQFG KPFKECVGU YJGVJGT QT PQV C
EQPHKIWTGFRTQFWEVWPKVU RTQITCOEQFG HQTFKURNC[QPVJG EQORQPGPVçU NQY HNQY TGUVCTV SWCPVKV[ UJQWNF DG WUGF HQT
NQCFKPIUETGGPCPFRTKPVKPIQPFCVCNQIU6JKUCNNQYVJGWPKVU UVCTVKPIWREQORQPGPVUCHVGTNQCFKPIVJGHKTUVEQORQPGPVKPVJG
OPGOQPKEVQDGGPVGTGFKPCP[NCPIWCIGQHNQECNCDDTGXKCVKQP TGEKRGçUéUGSWGPEGVQNQCFê5GNGEVQPGQHVJGHQNNQYKPI
5KZEJCTCEVGTCNRJCPWOGTKEGPVT[6JGFGHCWNVXCNWGKUé)CNê
0Q
5VFWPKVUOPGOQPKE 5VCTV WR GCEJ EQORQPGPV D[ NQCFKPI KVU NQY HNQY UVCTV
SWCPVKV[CVKVUNQYHNQYTCVG
6JG UVCPFCTF SWCPVKV[ WPKVU OPGOQPKE KPFGRGPFGPV QH VJG
EQPHKIWTGFRTQFWEVWPKVU RTQITCOEQFG HQTFKURNC[QPVJG ;GU
NQCFKPIUETGGPCPFRTKPVKPIQPVJGFCVCNQIU6JKUCNNQYUVJG
WPKVU OPGOQPKE VQ DG GPVGTGF KP CP[ NCPIWCIG QT NQECN 5VCTVWRVJGHKTUVEQORQPGPVD[NQCFKPIKVUNQYHNQYUVCTV
CDDTGXKCVKQP 5KZ EJCTCEVGT CNRJCPWOGTKE GPVT[ 6JG FGHCWNV SWCPVKV[ CV KVU NQY HNQY TCVG 5VCTV WR HWTVJGT
XCNWGKUé)CNê EQORQPGPVUD[NQCFKPIVJGKTNQYHNQYTGUVCTVSWCPVKVKGU
CVVJGKTNQYHNQYTCVGU6JKUV[RKECNN[TGFWEGUVJGVKOG
TGSWKTGFVQNQCFCUGSWGPVKCNDNGPFDCVEJ
#NCTOU
6JGTGURQPUGVQGCEJCNCTOKUEQPVTQNNGFD[VJGUGVVKPIQHVJG#NCTO#EVKQPEQTTGURQPFKPIVQVJCVCNCTO6JGHQWTRQUUKDNGCNCTOCEVKQPU
CTGFGUETKDGFDGNQY6JGCNCTOCEVKQPUHQTUGXGTCNCNCTOUCTGNKOKVGFVQNGUUVJCPHQWTUGNGEVKQPU#NCTOCEVKQPHQTUGXGTCNCNCTOU
KUHKZGFCPFPQVUGNGEVCDNG6JGCNNQYCDNGCNCTOCEVKQPUGNGEVKQPUHQTGCEJCNCTOCTGNKUVGFHQTGCEJCNCTORCTCOGVGT
5GEQPFCT[ +H C FGNKXGT[ KU KP RTQITGUU VJG HNQY EQPVTQN XCNXG KU UJWV CPF VJG FGNKXGT[ KU UWURGPFGF # OGUUCIG %QTTGEV ECWUG QH CNCTO
KU FKURNC[GF QP VJG OGUUCIG NKPG QH VJG FKURNC[ RCPGN
&GNKXGT[ ECPPQV TGUWOG WPVKN VJG CNCTO KU ENGCTGF QT VJG 5GEQPFCT[ CNCTO TGUGV VKOG JCU GNCRUGF #WVQOCVKECNN[ TGUGV CHVGT VKOG XCNWG KP
4GF .'& KPFKECVQTU QP RTKOCT[ CPF UGEQPFCT[ QRGTCVQT FKURNC[U CTG HNCUJKPI RTQITCO EQFG 5GEQPFCT[ CNCTO TGUGV
#NCTO FKUETGVG QWVRWV RTQITCO EQFG #NCTO QWVRWV KU RWNUGF KH FGHKPGF CPF GPCDNGF D[ U JCU GNCRUGF 6JG DCVEJ ECP DG TGUVCTVGF
RTQITCO EQFG #NCTO QR OCUM #NCTO FKUETGVG QWVRWV RTQITCO EQFG #NCTO QWVRWV KU é2TGUU 56#46 YJGP TGCF[ QT 5612 VQ
RWNUGF KH FGHKPGF CPF GPCDNGF D[ #NCTO QR OCUM ECPEGNê KH VJG TGOCKPKPI SWCPVKV[ KU PQV
NGUU VJCP VJG OKP RTGUGV
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GNCRUGF
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6JGTGURQPUGVQCP[CNCTOKUJCPFNGFD[CURGEKHKECNCTOCEVKQP 6JKURTQITCOEQFGUGNGEVUVJGTGURQPUGVQCNQYHNQYEQPFKVKQP
6JGTGCTGWRVQHQWTRQUUKDNGCNCTOCEVKQPUHQTCP[CNCTO+P +H 5GEQPFCT[ KU EJQUGP VJG DCVEJ KU UVQRRGF YKVJQWV CP CNCTO
UQOGECUGUVJGCNCTOCEVKQPKURGTOCPGPVN[UGVCVQPGQRVKQP DGKPITCKUGFKHVJGHNQYTCVGHCNNUDGNQYVJGEQPHKIWTGFOKPKOWO
CPFECPPQVDGOQFKHKGF#NCTOCEVKQPUGNGEVKQPUCTGNQECVGFKP HNQYTCVG RTQITCOEQFG HQTVJGEQPHKIWTGFNQYHNQYVKOG
TGNCVKQPVQCUUQEKCVGFCNCTORCTCOGVGTUKPVJGHQNNQYKPICNCTO RTQITCOEQFG 6JGFGHCWNVUGNGEVKQPKU2TKOCT[
VCDNGU
/KPKOWOHNQYTCVG
6JKU RTQITCO EQFG UGVU VJG XCNWG QH VJG OKPKOWO HNQY TCVG
RGTOKVVGFHQTVJGVKOGRGTKQFUGVKPRTQITCOEQFG.QYHNQY
VKOG U DGHQTGVJGNQYHNQYCNCTOKUUGV6JGFGHCWNVGPVT[KU
RTQFWEVWPKVURGTOKPWVG
6JKURTQITCOEQFGUGVUVJGOCZKOWOVKOGCNNQYGFVQGNCRUGCV 6JKURTQITCOEQFGUGVUVJGOCZKOWOVKOGCNNQYGFVQGNCRUGCV
QT NGUU VJCP VJG HNQY TCVG URGEKHKGF D[ RTQITCO EQFG QT ITGCVGT VJCP VJG HNQY TCVG URGEKHKGF D[ RTQITCO EQFG
/KPKOWOHNQYTCVGDGHQTGVJGNQYHNQYCNCTOKUUGV /CZKOWOHNQYTCVGDGHQTGVJGJKIJHNQYCNCTOKUUGV
*KIJHNQYCNCTOCEVKQP
6JKU RTQITCO EQFG UGNGEVU VJG TGURQPUG CEVKQP VQ C JKIJ HNQY
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6JKU RTQITCO EQFG UGVU VJG XCNWG QH VJG OCZKOWO HNQY TCVG
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VKOG U DGHQTGVJGJKIJHNQYCNCTOKUUGV6JGFGHCWNVGPVT[KU
RTQFWEV WPKVU RGT OKPWVG 0QVG 5GV VJKU XCNWG UNKIJVN[
ITGCVGTVJCPVJGJKIJGUVGZRGEVGFHNQYTCVGVJTQWIJCP[UKPING
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%106+07'
1XGTTWPNKOKVSV[ VQ
7PFGTHNQYCNCTOCEVKQP 1HH
2TKOCT[
7PFGTHNQYNKOKVSV[ VQ
0QHNQYVQCNCTOCEVKQP 1HH
+PHQ
5GEQPFCT[
2TKOCT[
0QHNQYVQVKOG U VQ
7PCWVJQTK\GFHNQYNKOKVSV[ VQ
6JKURTQITCOEQFGUGVUVJGCNNQYCDNGSWCPVKV[KPGZEGUUQHVJG 6JKURTQITCOEQFGUGNGEVUVJGTGURQPUGVQCPQHNQYEQPFKVKQP
RTGUGVSWCPVKV[VQDGFGNKXGTGFDGHQTGVJG7PCDNGVQENQUGXCNXG +HVJGTGKUPQHNQYVJTQWIJCOGVGTYJGPVJGTGUJQWNFDGHNQY
OGVGTCNCTOKUUGV KGVJGCRRTQRTKCVGHNQYEQPVTQNXCNXGJCUDGGPQRGPGFHQTVJG
EQPHKIWTGF PQ HNQY VKOGQWV VKOG RTQITCO EQFG +H
5GEQPFCT[ KU EJQUGP VJG DCVEJ KU UKORN[ UVQRRGF YKVJQWV CP
7PFGTHNQYCNCTOCEVKQP CNCTODGKPITCKUGF6JGFGHCWNVUGNGEVKQPKU2TKOCT[
6JKU RTQITCO EQFG UGVU VJG CNNQYCDNG SWCPVKV[ D[ YJKEJ VJG +VOC[DGPGEGUUCT[VQFKUCDNGVJGPQHNQYCNCTOKPCRRNKECVKQPU
NQCFGFSWCPVKV[ECPDGNGUUVJCPVJGRTGUGVSWCPVKV[DGHQTGVJG YJGTG VJG &CP.QCF FQGU PQV QRGTCVG VJG HNQY EQPVTQN
8CNXGENQUGFGCTN[OGVGTCNCTOKUKUUWGF XCNXG
0QHNQYVQVKOG U
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6JKURTQITCOEQFGUGVUVJGGNCRUGFVKOGVQCNNQYHQTPQHNQY GIQTVJGPCOGVGTçUWPCWVJQTK\GFHNQYEQWPVGT
RWNUGKPRWVVQDGFGVGEVGFCHVGTQRGPKPIVJGHNQYEQPVTQNXCNXG VJG KPVGTPCN QPG VJCV ECWUGU VJG CNCTO VQ DG TCKUGF PQV VJG
6JGFGHCWNVXCNWGKUUGEQPFU 0QVG6JKUFGNC[ECPDGUGVVQ TWPPKPI VQVCNK\GT UGGP KP VJG F[PCOKE FCVC FKURNC[ QT D[ VJG
QTUGEQPFUKHFGVGEVKQPQHCOGVGTRWNUGKPRWVHCKNWTGQTQVJGT CWVQOCVKQPU[UVGO KUENGCTGFYJGPGXGTVJGOGVGTKUCWVJQTK\GF
ECWUGQHVJGPQHNQYEQPFKVKQPOWUVDGFGVGEVGFKOOGFKCVGN[ HQT C DCVEJ VJKU RTGXGPVU VJG éWPCWVJQTK\GF HNQY CNCTO YKNN
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6JKURTQITCOEQFGUGVUVJGCNNQYCDNGSWCPVKV[VQDGTGEQTFGFCU RWNUGU VJCV ECP QEEWT YKVJ VWTDKPG QT 2& OGVGTU FWG VQ
WPCWVJQTK\GFHNQYDGHQTGVJG7PCWVJQTK\GF HNQYGZEGGFUNKOKV XKDTCVKQPCNGHHGEVU
OGVGT RTKOCT[ CNCTO KU KUUWGF 6JG FGHCWNV XCNWG KU
RTQFWEVWPKVU 6JGFGHCWNVXCNWGKU
%106+07'
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2CTV :+++ (KFGNKV[ CPF 5GEWTKV[ QH /GCUWTGOGPV&CVC VKOG
6TCPUOKUUKQP5[UVGOU6JKUHWPEVKQPECPQPN[DGKORNGOGPVGF
KH VJGTG CTG VYQ OGVGT RWNUG VTCKP KPRWVU HTQO C UKPING HNQY &CP.QCF FWCN RWNUG UGEWTKV[ KU CXCKNCDNG RGT VJG +2
OGVGT 6JG FWCN OGVGT RWNUG KPRWVU OWUV DG FGITGGU NGXGN$UVCPFCTF6JKUKUCEEQORNKUJGFD[OQPKVQTKPIVJGVYQ
GNGEVTKECNN[ QWV QH RJCUG 6WTDKPG OGVGTU ECRCDNG QH OGVGTRWNUGKPRWVUVJCVCTGGNGEVTKECNN[(v(QWVQHRJCUG
KORNGOGPVKPI VJKU HWPEVKQP OWUV JCXG VYQ RKEMWR EQKNU 6JG CNIQTKVJOKUKPVJGHKTOYCTGQHC2TQITCO.QIKE&GXKEG
FGITGGU GNGEVTKECNN[ QWV QH RJCUG CPF VYQ RTGCORNKHKGTU +PVGITCVGF%KTEWKV 2.&
2QUKVKXGFKURNCEGOGPVOGVGTUOWUVJCXGFWCNRWNUGVTCPUOKVVGTU
6JG2.&RGTHQTOUCNGXGN$UGEWTKV[EJGEMYJKNGCNQCFKUKP
2WNUGUVTGCOé#êKUWUGFHQTOGCUWTKPIHNQY2WNUGUVTGCOé$ê RTQITGUU6JG%JCPPGN#KPRWVUVTGCOKUUGPVFKTGEVN[VQVJG
KU WUGF HQT XGTKHKECVKQP CPF UJQWNF VTCKN RWNUG UVTGCO é#ê D[ %27HQTVQVCNK\KPIVJGRTQFWEVHNQY
CTQWPFFGITGGUGNGEVTKECNN[
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2QUUKDNG2WNUG5GEWTKV[+PRWVU
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EJCPPGN #U UQQP CU QPG QH VJG EJCPPGNU EJCPIGU UVCVGU VJG +PUVCNNGF YKVJ2WNUG5GEWTKV[
2.&FGVGTOKPGUKHKVYCUCHQTYCTFVTCPUKVKQP+HVJGEJCPIG
YCU PQV C HQTYCTF VTCPUKVKQP VJG 2.& FGETGOGPVU VJG GTTQT QPGEJCPPGN
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NQCF QPGEJCPPGNCPFQPGEJCPPGN
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TGXGTUGUVCVGVTCPUKVKQPUCTGUGGP6JKUYKNNKPJKDKVEJCPPGN#
QWVRWVVQVJG%27#HQTYCTFVTCPUKVKQPYKNNENGCTVJG4'8HNCI
CPFGPCDNGEJCPPGN#QWVRWVVQVJG%27QPVJGPGZVHQTYCTF 'TTQTNKOKV RWNUGU
VTCPUKVKQP 6JKU YKNN GNKOKPCVG CP[ RWNUGU UGPV D[ C DNCFG
TQEMKPICETQUUCRKEMWR 6JKURTQITCOEQFGUGVUVJGGTTQTEQWPVCVYJKEJCRWNUGUGEWTKV[
CNCTOQEEWTU3XOVHVHFXULW\FKHFNVDUHSHUIRUPHGRQO\ZKHQD
6JG NGXGN$ UGEWTKV[EJGEMKPI 2.& KU 7 QP VJG %JCPPGN ORDG LV LQ SURJUHVV 6JKU XCNWG KU WUGF VQ TGNQCF CP DKV
/GVGT2WNUGDQCTFQT7CPF7QPVJG%JCPPGN/GVGT2WNUG JCTFYCTGEQWPVGTYJKEJIGPGTCVGUCPKPVGTTWRVYJGPKVEQWPVU
DQCTF FQYP VQ \GTQ KG GTTQT NKOKV GZEGGFGF <GTQ FKUCDNGU RWNUG
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4GUGVEQWPV RWNUGU
6JKU RTQITCO EQFG UGVU VJG XCNWG QH TCY RWNUGU CEEWOWNCVGF
FWTKPIRWNUGGTTQTEJGEMKPIDGHQTGTGUGVVKPIVJGCEEWOWNCVQTVQ
\GTQ6JKUXCNWGFGHKPGUCYKPFQYQHCEEWOWNCVGFTCYRWNUGU
VJCVKUWUGFVQFGVGTOKPGKHRTQITCOEQFG'TTQTNKOKVXCNWG
KUGZEGGFGF#\GTQGPVT[TGUGVUVJGGTTQTEQWPVQPN[CVVJGUVCTV
QHGCEJDCVEJFGNKXGT[#XCNWGITGCVGTVJCP\GTQKPFKECVGUVJCV
VJG CEEWOWNCVGF GTTQT EQWPV YKNN DG ENGCTGF GCEJ VKOG VJG
CEEWOWNCVGFTCYRWNUGUGSWCNVJGGPVT[6JKUHKGNFKUPQVWUGF
KHVJGXCNWGQHRTQITCOEQFG'TTQTNKOKVKUUGVVQ\GTQ
&CVCNQIIKPICNCTOCEVKQP +PHQ
2TKOCT[
6KOGQWVEJ# U VQ
6KOGQWVEJ$ U VQ
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6JKU RTQITCO EQFG UGNGEVU VJG TGURQPUG VQ C FCVC NQIIKPI 6JKU RTQITCO EQFG UGVU VJG VKOGQWV KP UGEQPFU HQT VJG
OGOQT[HWNNEQPFKVKQP6JKUEQPFKVKQPKUECWUGFD[HCKNWTGVQ é%QOOUHCKNWTGEJCPPGN$êCNCTOYJKEJKUCRTKOCT[CNCTO
RTKPVFCVCNQIUFWGVQVJGNQIIKPIRTKPVGTDGKPIQHHNKPGQWVQH 6JG CNCTO KU TCKUGF YJGP VJG &CP.QCF KU KP é#WVQê
RCRGTQTUQOGQVJGTFKUCDNKPIEQPFKVKQP#TQWPFRCIGUQH SURJUDP FRGH CPF VJG EJCPPGNçU EQOOWPKECVKQPU OQFG
FCVC NQIU CTG éURQQNGFê VQ DCVVGT[DCEMGF OGOQT[ DGHQTG VJG SURJUDP FRGH KU EQPHKIWTGF HQT é/QFDWU 467ê KG
CNCTO KU TCKUGF CPF CTG RTKPVGF CWVQOCVKECNN[ CU UQQP CU VJG CWVQOCVKQPU[UVGOEQOOWPKECVKQPUCPFVJG&CP.QCFFQGU
RTQDNGO YKVJ VJG NQIIKPI RTKPVGT KU TGEVKHKGF 6JG FGHCWNV PQV TGEGKXG C SWGT[ YKVJ KVU EQOOWPKECVKQPU CFFTGUU QP VJG
UGNGEVKQPKU+PHQ EJCPPGNHQTVJGEQPHKIWTGFPWODGTQHUGEQPFU6JGé%QOOU
HCKNWTG EJCPPGN $ê CNCTO ECP CNUQ DG TCKUGF KP VJG OCPWCN
QRGTCVKPI OQFG 5GG RTQITCO EQFG <GTQ FKUCDNGU VJG
6KOGQWVEJ# U CNCTO6JGFGHCWNVXCNWGKU
6JKU RTQITCO EQFG UGVU VJG VKOGQWV KP UGEQPFU HQT VJG
é%QOOUHCKNWTGEJCPPGN#êCNCTOYJKEJKUCRTKOCT[CNCTO
6JG CNCTO KU TCKUGF YJGP VJG &CP.QCF KU KP é#WVQê
SURJUDP FRGH CPF VJG EJCPPGNçU EQOOWPKECVKQPU OQFG
SURJUDP FRGH KU EQPHKIWTGF HQT é/QFDWU 467ê KG
CWVQOCVKQPU[UVGOEQOOWPKECVKQPUCPFVJG&CP.QCFFQGU
PQV TGEGKXG C SWGT[ YKVJ KVU EQOOWPKECVKQPU CFFTGUU QP VJG
EJCPPGNHQTVJGEQPHKIWTGFPWODGTQHUGEQPFU<GTQFKUCDNGU
VJGCNCTO6JGFGHCWNVXCNWGKU
6GORHCKNCNCTOCEVKQP 1HH
+PHQ
2TKOCT[
/KPKOWOVGORGTCVWTG VQ
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2TKOCT[
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/CZKOWOFGPUKV[ITCXKV[ VQ
/KPKOWORTGUUWTG VQ
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6GORHCKNCNCTOCEVKQP /KPKOWOVGORGTCVWTG
6JKURTQITCOEQFGUGVUVJGVGORGTCVWTGVQWUG NKXGQTDCEMWR 6JKU RTQITCO EQFG UGVU VJG OKPKOWO CNNQYCDNG RTQEGUU
CPFUGNGEVUVJGTGURQPUGVQCVGORGTCVWTGQWVQHTCPIGEQPFKVKQP VGORGTCVWTGKPRWVHTQOCP46&DGHQTGVJG6GORGTCVWTGHCKNWTG
é.KXG VGORGTCVWTGê TGHGTU VQ VGORGTCVWTG TGCF HTQO CP 46& OGVGTCNCTOKUKUUWGF6JGVGORGTCVWTGWPKVUCTGURGEKHKGFD[
KPRWVé$CEMWRVGORGTCVWTGêTGHGTUVQCXCNWGKP5GVWR RTQITCOEQFG6GORGTCVWTGWPKVU GKVJGTFGITGGU(CJTGPJGKV
QTFGITGGU%GNUKWU 6JGFGHCWNVXCNWGKUFGITGGU
1HH
7UGDCEMWRVGORGTCVWTGHTQORTQITCOEQFG /CZKOWOVGORGTCVWTG
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6JKU RTQITCO EQFG UGVU VJG OCZKOWO CNNQYCDNG RTQEGUU
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7UGNKXGVGORGTCVWTGKH KPNKOKVUQHRTQITCOEQFG RTQITCOEQFG6GORGTCVWTGWPKVU GKVJGTFGITGGU(CJTGPJGKV
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VGORGTCVWTGGNUGWUGRTQITCOEQFG
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2TKOCT[
7UGNKXGVGORGTCVWTGQPN[CPFJCNVNQCFKPIKHKVKUQWVQH
NKOKVU UGV D[ RTQITCO EQFG /KPKOWO VGORGTCVWTG
CPFRTQITCOEQFG/CZKOWOVGORGTCVWTG
&GPUKV[HCKNCNCTOCEVKQP NQECVKQPKPVJKUHKGNFKUFGRGPFGPVQPVJGUGVVKPIKPRTQITCOEQFG
&GPUKV[ITCXKV[UECNG
6JKU RTQITCO EQFG UGNGEVU VJG TGURQPUG VQ C RTQEGUU FGPUKV[
KPRWVQWVQHTCPIGEQPFKVKQP6JGFGHCWNVUGNGEVKQPKU2TKOCT[
/KPKOWORTGUUWTG
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KPRWV HTQO C RTGUUWTG VTCPUOKVVGT DGHQTG VJG 2TGUUWTG HCKNWTG
6JKURTQITCOEQFGUGVUVJGOKPKOWOCNNQYCDNGRTQEGUUFGPUKV[ OGVGTCNCTOKUKUUWGF4GHGTVQ5GEVKQP#NCTO/GUUCIGU
KPRWVHTQOCFGPUKVQOGVGTDGHQTGVJG&GPUKV[HCKNWTGEQORQPGPV HQTRQUUKDNGOKPKOWORTGUUWTGHCKNWTGECWUGU
CNCTO KU KUUWGF 6JG FGPUKV[ WPKVU CTG FGRGPFGPV QP VJG
UGNGEVKQPQHRTQITCOEQFG6GORGTCVWTG
QRVKQP EQTTGURQPFKPI VQ VJG EQORQPGPV 6JG FGEKOCN RQKPV /CZKOWORTGUUWTG
NQECVKQPKPVJKUHKGNFKUFGRGPFGPVQPVJGUGVVKPIKPRTQITCOEQFG
&GPUKV[ITCXKV[UECNG 6JKU RTQITCO EQFG UGVU VJG OCZKOWO CNNQYCDNG RTQEGUU
RTGUUWTGKPRWVHTQOCRTGUUWTGVTCPUOKVVGTDGHQTGVJG2TGUUWTG
HCKNWTGOGVGTCNCTOKUKUUWGF4GHGTVQ5GEVKQP#NCTO
/CZKOWOFGPUKV[ITCXKV[ /GUUCIGUHQTRQUUKDNGOCZKOWORTGUUWTGHCKNWTGECWUGU
6JKURTQITCOEQFGUGVUVJGOCZKOWOCNNQYCDNGRTQEGUUFGPUKV[
KPRWVHTQOCFGPUKVQOGVGTDGHQTGVJG&GPUKV[HCKNWTGEQORQPGPV
CNCTO KU KUUWGF 6JG FGPUKV[ WPKVU CTG FGRGPFGPV QP VJG
UGNGEVKQPKPRTQITCOEQFG6GORGTCVWTG
QRVKQPEQTTGURQPFKPIVQVJGEQORQPGPV6JGFGEKOCNRQKPV
#FFKVKXGGTTQTNKOKV $NQEMXCNXGVKOG U
(QTVJGé/GEJêCPFé*CPFUJCMGêKPLGEVKQPOGVJQFUVJKUKUVJG 6JKU RTQITCO EQFG UGVU VJG VKOG RGTKQF CNNQYGF HQT CP[
OCZKOWOPWODGTQHRWNUGUD[YJKEJVJGCEVWCNHGGFDCEMRWNUG EQORQPGPV DNQEM XCNXG VQ ENQUG 6JG FGHCWNV XCNWG KU
EQWPVECPFKHHGTHTQOVJGKFGCNHGGFDCEMRWNUGEQWPVDGHQTGCP UGEQPFU
CFFKVKXGHCKNWTGCNCTOKUTCKUGF6JGKFGCNHGGFDCEMRWNUGEQWPV
KUDCUGFQPVJGCFFKVKXGHGGFDCEMEQWPV RTQITCOEQFG QT
KU HQT VJG é*CPFUJCMGê KPLGEVKQP OGVJQF KPFGRGPFGPV QH
EQPHKIWTCVKQP 6JGFGHCWNVXCNWGKU
#FFKVKXGHGGFDCEMEQWPV
6JKURTQITCOEQFGUGVUVJGGZRGEVGFPWODGTQHHGGFDCEMRWNUGU
RGT CFFKVKXG TCVKQ E[ENG HQT VJG é/GEJê CFFKVKXG KPLGEVKQP
OGVJQF GI HQT 6KVCP 2#% éEQPHKTOCVKQP RWNUGê HQT
*[TQNGE KPLGEVQT 6JG PWODGT QH UGEQPFU YKVJKP YJKEJ VJG
CFFKVKXG HGGFDCEM KPRWV OWUV IQ QP CPF QHH CICKP CHVGT VJG
CFFKVKXGTCVKQQWVRWV JCUDGGPGPGTIK\GFHQTVJGé*CPFUJCMGê
CFFKVKXG KPLGEVKQP OGVJQF GI RGT /CREQ 6JG FGHCWNV
XCNWGKU
%KTEWKVCNCTOCEVKQP 1HH
+PHQ
5GEQPFCT[
2TKOCT[
OGUUCIG 7RVQEJCTCEVGTU
)TQWPFFGVGEVQTQRGP
%KTEWKVCNCTOCEVKQP 1HH
+PHQ
5GEQPFCT[
2TKOCT[
OGUUCIG 7RVQEJCTCEVGTU
1XGTURKNNFGVGEVQTQRGP
%KTEWKVCNCTOCEVKQP 1HH
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5GEQPFCT[
2TKOCT[
OGUUCIG 7RVQEJCTCEVGTU
2GTOKUUKXGRQYGTHCKNWTG
5CHGV[%KTEWKV#NCTO#EVKQP 1HH
0QVG 4GHGT VQ 5GEVKQP HQT CNCTO OGUUCIG CPF CNCTO 6JG CUUQEKCVGF KPRWV KH CP[ KU TGCF CPF KVU EWTTGPV
CEVKQPEQPHKIWTCVKQP UVCVWUKUOCFGCXCKNCDNGKPVJGF[PCOKEFCVCFKURNC[ KH
EQPHKIWTGF CPF XKC VJG CWVQOCVKQP U[UVGO 4GSWGUV
#NCTORTQITCOEQFGUVQFGHKPGVJGQRGTCVKQPQHGKIJV 5VCVWU CPF 'PJCPEGF 4GSWGUV 5VCVWU EQOOCPFU 6JG
EQPHKIWTCDNGUCHGV[EKTEWKVKPRWVU RGTOKUUKXGEKTEWKVU #NNGKIJV &CP.QCF RGTHQTOU PQ QVJGT RTQEGUUKPI QP VJG
UCHGV[EKTEWKVUCTGEQPHKIWTCDNGVQDGGKVJGTUKFGKPFGRGPFGPVQT KPRWV 6JKU CNNQYU CP CWVQOCVKQP U[UVGO VQ RTQEGUU
FGFKECVGFVQUKFGQTFGFKECVGFVQUKFG6JGUCHGV[EKTEWKV FKUETGVGKPRWVUKPFGRGPFGPVN[QHVJG&CP.QCFYKVJ
CPF CNCTOU JCXG CNVGTPCVG WUGU CU VJG éGPFê CPF éTGEKRG PQEQOOWPKECVKQPUQXGTJGCF
UGNGEVKQPêCNCTOUTGURGEVKXGN[5CHGV[ %KTEWKVECPCNUQDG
WUGFCUVJGCFFKVKXGOGVGTHNWUJCNCTOKPOWNVKUVTGCOKPLGEVKQP +PHQ
OQFGKHUQEQPHKIWTGF
+H VJG CUUQEKCVGF KPRWV UCHGV[ EKTEWKV KPRWV QT
6JGRJ[UKECNFKUETGVGKPRWVUHQTVJGUCHGV[EKTEWKVUCTGCUUKIPGF éTGFKTGEVGFêKPRWV KUQRGPCVCP[VKOGKPNQCFKPIOQFG
YKVJRTQITCOEQFGUVQ KGKPVJGTGEKRGUGNGEVKQPUETGGPVJGCFFKVKXGUGNGEVKQP
UETGGP QT VJG NQCFKPI UETGGP CPF VJGTG KU PQ éJKIJGT
RTKQTKV[ê UGEQPFCT[QTRTKOCT[ CNCTOCEVKXGVJGPVJG
%KTEWKVCNCTOCEVKQP CUUQEKCVGF CNCTO OGUUCIG KU FKURNC[GF HQT VJG HKTUV
UGEQPFU QH GXGT[ UGEQPF RGTKQF +H OWNVKRNG
6JKU RTQITCO EQFG UGNGEVU VJG TGURQPUG GKVJGT RTKOCT[ QT KPHQTOCVKQPCN UCHGV[ EKTEWKV CNCTOU CTG CEVKXG VJG
UGEQPFCT[CNCTOCEVKQP VQCP12'0UVCVGHQTVJGFKUETGVGKPRWV CUUQEKCVGFCNCTOOGUUCIGUCTGFKURNC[GFKPTQVCVKQPKG
CUUKIPGFVQVJKUHWPEVKQPD[RTQITCOEQFG5CHGV[EKTEWKV CPGYOGUUCIGGXGT[UGEQPFU
#PKPHQTOCVKQPCNUCHGV[EKTEWKVCNCTOPGKVJGTRTGXGPVUCDCVEJ 5GGRTQITCOEQFGHQTQRVKQPUCPFFGUETKRVKQPU6JGFGHCWNV
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DGFGVGTOKPGFCHVGTVJGDCVEJUVQTCIGEQFGUJCXGDGGPUGNGEVGF FGHKPGF VTCPUCEVKQP VKEMGV HQTOCVU CTG CNUQ UGNGEVCDNG D[ VJKU
CPFNQECVGFYKVJRTQITCOEQFGUVQ6JGFGHCWNVXCNWG RTQITCOEQFG6JGKPVGTPCNN[FGHKPGFVTCPUCEVKQPVKEMGVHQTOCVU
QHFKUCDNGUUVQTCIGQHCP[DCVEJTGEQTFU CTG WUGHWNHQTQDVCKPKPISWKEMRTKPVQWVUQHRTGFGHKPGFFCVCQP
DNCPMUJGGVU(QTOCVVKPICEVWCNWUGTFGHKPGFVTCPUCEVKQPVKEMGVU
KUFGUETKDGFKP5GEVKQP
5VCTVRCIGCPFRCIGU
.QEMFGHCWNVQRVKQP
6JGOGOQT[UVCTVRCIG DGVYGGPCPF CPFVJGPWODGTQH
OGOQT[ RCIGU VQ CNNQECVG HQT VJG DCVEJ HKNG YJKEJ JQNFU VJG 2TGXGPVUVJGUGNGEVGFFGHCWNV(OV(OVQT
DCVEJTGEQTFU'CEJRCIGKUD[VGUKPUK\G6JGRCIGU (OV KPVGTPCNN[ FGHKPGF VKEMGV HQTOCVU HTQO
FGHKPGUVJGPWODGTQHRCIGUVQCNNQECVGHQTVJGDCVEJHKNG6JG QXGTYTKVKPI C OQFKHKECVKQP QH QPG QH VJGUG
FGHCWNV XCNWG KU YJKEJ CNNQECVGF GKIJV OGOQT[ RCIGU HQTOCVUFWTKPIRQYGTWR
UVCTVKPIYKVJRCIGVQVJGVTCPUCEVKQPHKNG#VQVCNQH
D[VGU CTG CNNQECVGF HQT UVQTCIG #P GPVT[ QH PQ RCIGU %NGCT
CNNQECVGF FKUCDNGUVTCPUCEVKQPUVQTCIG
%QOOCPF VQ ENGCT VJG VTCPUCEVKQP UVQTCIG
OGOQT[CPFVTCPUCEVKQPVKEMGVEQPHKIWTCVKQP
(OV(OV(OV 6KOGQWVVT
0Q&QP VVKOGQWVCPFGPFCVTCPUCEVKQPKP
RTQITGUUCWVQOCVKECNN[
4CPIG &GHCWNV 14
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 1RVKQP &GHCWNV
4CPIG &GHCWNV 14
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 1RVKQP &GHCWNV
4CPIG &GHCWNV 14
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 1RVKQP &GHCWNV
VQPCOG VQPCOG
2TQITCOEQFGUKPVJKUITQWRFGHKPGVJGUVCTVNQECVKQPUYKVJKPVJG 6JG QHHUGV HTQO VJG UVCTV QH VJG WUGTEQPHKIWTCDNG RCTV QH VJG
WUGT FGHKPGF VTCPUCEVKQP TGEQTF VGORNCVG HQT UVQTKPI VJG VTCPUCEVKQP TGEQTF CV YJKEJ VQ UVQTG VJG XCNWG CUUQEKCVGF YKVJ
EQTTGURQPFKPI XCTKCDNGU 6JG FGHCWNV XCNWG FKUCDNGU VTCPUCEVKQPUVQTCIGEQFGUVJTQWIJTGURGEVKXGN[KGVJG
UVQTCIGQHVJGEQTTGURQPFKPIXCTKCDNG6JGHKTUVCEVWCNUVQTCIG ITQUURTQFWEVWPKVUOPGOQPKE RTQITCOEQFG
UVCTVNQECVKQPKU6JGRTQEGUUKUFGUETKDGFKPFGVCKNKP5GEVKQP
4CPIG &GHCWNV 14
2TQITCO %QFG $CVEJ 5VQTCIG %QFG 1RVKQP &GHCWNV
4CPIG &GHCWNV 14
2TQITCO %QFG $CVEJ 5VQTCIG %QFG 1RVKQP &GHCWNV
VQPCOG
2TQITCOEQFGUKPVJKUITQWRFGHKPGVJGUVCTVNQECVKQPUYKVJKPVJG
WUGTFGHKPGFDCVEJTGEQTFVGORNCVGHQTUVQTKPIVJGEQTTGURQPFKPI
XCTKCDNGU 6JG FGHCWNV XCNWG FKUCDNGU UVQTCIG QH VJG
EQTTGURQPFKPIXCTKCDNG6JGHKTUVCEVWCNUVQTCIGUVCTVNQECVKQP
KU6JGRTQEGUUKUFGUETKDGFKPFGVCKNKP5GEVKQP
4CPIG &GHCWNV
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 14 1RVKQP
&GHCWNV
4CPIG &GHCWNV
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 14 1RVKQP
&GHCWNV
4CPIG &GHCWNV 14
2TQITCO %QFG 6TCPUCEVKQP 5VQTCIG %QFG 1RVKQP &GHCWNV
VQPCOG
%106+07'
4CPIG &GHCWNV
2TQITCO %QFG $CVEJ 5VQTCIG %QFG 14 1RVKQP
&GHCWNV
4CPIG &GHCWNV 14
2TQITCO %QFG $CVEJ 5VQTCIG %QFG 1RVKQP &GHCWNV
VQPCOG %%(
2TQITCOEQFGUKPVJKUITQWRFGHKPGVJGTQY TTT CPFEQNWOP %QODKPGF EQTTGEVKQP HCEVQT HQT VGORGTCVWTG CPF RTGUUUWTG
EE EQQTFKPCVGUVQRTKPVVJGEQTTGURQPFKPIDCVEJUVQTCIGEQFG EQORGPUCVKQPQHVJGNKSWKFEQORQPGPVU
XCTKCDNGUQPWUGTFGHKPGFVTCPUCEVKQPVKEMGVU5GG5GEVKQP
HQT C FGVCKNGF FGUETKRVKQP QH VTCPUCEVKQP VKEMGV HQTOCV 6JG % VKOGU%
6. 2.
#PCNQI+PRWVU
4CPIG &GHCWNV 14
2TQITCO %QFG $CVEJ 5VQTCIG %QFG 1RVKQP &GHCWNV
6JKUUGEVKQPKUURGEKHKEVQ46&KPRWVUCPFO#KPRWVUQPVJGX%27DQCTF6JGX%27DQCTFçUO#CPF46&KPRWVUGCEJ
WUGVYQ#&EJCPPGNUQPVJG%27OKETQEQPVTQNNGT#PKPRWVçUQXGTCNNTCPIGKUUWDFKXKFGFYKVJNQYKPRWVXCNWGUJCPFNGFD[VJG
éNQYê#&EJCPPGNCPFJKIJKPRWVXCNWGUJCPFNGFD[VJGéJKIJê#&EJCPPGN6JG#&EJCPPGNVQWUGCPFKVUXCNWGCTGFGVGTOKPGF
WUKPIVJGEJCPPGNçUNQYCPFJKIJECNKDTCVKQPXCNWGU2TQITCOEQFGUVQCTGHQTVJGO#KPRWVCPFRTQITCOEQFGUVQ
CRRN[VQVJG46&KPRWV
46&#NRJC *.EPV
6JGCNRJCXCNWGKUUGVHQTVGORGTCVWTGECNEWNCVKQPU#NN46&çU 6JG EQWPV KG #& XCNWG HQT VJG %27 DQCTFçU O#
EQPPGEVGFVQVJG&CP.QCF U%27DQCTFCPFCPCNQIKPRWVU KPRWVçU*KIJEJCPPGNçU.QYECNKDTCVKQPRQKPVKGO#
DQCTFU OWUV JCXG VJG UCOG CNRJC 6JGTG CTG VYQ RQUUKDNG
UGNGEVKQPU
**EPV
é $5CPF&+0
6JG EQWPV KG #& XCNWG HQT VJG %27 DQCTFçU O#
KPRWVçU*KIJEJCPPGNçU*KIJECNKDTCVKQPRQKPVKGO#
é
..EPV
6JG EQWPV KG #& XCNWG HQT VJG %27 DQCTFçU O#
KPRWVçU.QYEJCPPGNçU.QYECNKDTCVKQPRQKPVKGO#'PVGT
XCNWG HTQO NCDGN QP %27 DQCTF UGG 5GEVKQP QT ECNKDTCVG
WUKPIVJGRTQEGFWTGDGNQY
.*EPV
6JG EQWPV KG #& XCNWG HQT VJG %27 DQCTFçU O#
KPRWVçU.QYEJCPPGNçU*KIJECNKDTCVKQPRQKPVKGO#
..EPV
6JGEQWPVKG#&XCNWGHQTVJG%27DQCTFçU46&KPRWVçU
.QYEJCPPGNçU.QYECNKDTCVKQPRQKPVKG4 (
%
.*EPV
6JGEQWPVKG#&XCNWGHQTVJG%27DQCTFçU46&KPRWVçU
.QYEJCPPGNçU*KIJECNKDTCVKQPRQKPVKG4 (
%
*.EPV
6JGEQWPVKG#&XCNWGHQTVJG%27DQCTFçU46&KPRWVçU
*KIJEJCPPGNçU.QYECNKDTCVKQPRQKPVKG4 (
%
**EPV
6JGEQWPVKG#&XCNWGHQTVJG%27DQCTFçU46&KPRWVçU
*KIJEJCPPGNçU*KIJECNKDTCVKQPRQKPVKG4 (
%
%278GTUKQP#PCNQI%CNKDTCVKQP
5VGR 'SWKROGPV4GSWKTGF
# &KIKVCN8QNVOGVGT#VNGCUVFKIKV
$ O#%WTTGPVUQWTEGQTXQNVCIGGSWKXCNGPVOWUVFTKXG6VQ
XQNVU#PCFLWUVCDNGRQYGTUWRRN[YKVJHKPGCPFEQWTUGCFLWUVOGPVUOC[
DGUWDUVKVWVGFHQTCEWTTGPVUQWTEG
% 46&UKOWNCVQT64$QZYKVJ6UVGRU
5VGR 5GVWR
# )QKPVQUGVWRCPFGPVGTC\GTQ KPVQVJGHQNNQYKPI2TQITCO%QFGU
016' 4GEQTFVJGHQNNQYKPIRTQITCOEQFGUCPFVJGPTGGPVGT
VJGOYJGPHKPKUJGFYKVJVJGECNKDTCVKQP
%278GTUKQP#PCNQI%CNKDTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2TQITCO%QFGU %CNKDTCVKQP8CNWGU
2%O#.Q.Q
2%O#.Q*K
2%O#*K.Q
2%O#*K*K
2%46&.Q.Q
2%46&.Q*K
2%46&*K.Q
2%46&*K*K
%QR[VJKURCIGCPFTGEQTFXCNWGU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA%278GTUKQP#PCNQI%CNKDTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5VGR #PCNQI%CNKDTCVKQP.QY4CPIG
# %QPPGEVC8QNVOGVGTCETQUU6262
$ 9KVJVJGVGUVUGVWRUJQYPKP(KIWTGCFLWUVVJGO#VQ8
CETQUU6262
% )QVQ2TQITCO/GPWVQ+PRWV1WVRWVKPVJGFKCIPQUVKEUUGNGEVHQT
VJGO#KPRWV4GEQTFVJGPWODGTQPVJG&CP.QCF&KURNC[
HQT8QNVU 'ZCORNGO#NQNQ
& #FLWUV VJG OC UKIPCN VQ XQNVU CETQUU 6262 4GEQTF VJG
PWODGTFKURNC[GFHQT8QNVU 'ZCORNGOCNQJK
( +PVJGFKCIPQUVKEUUGNGEVHQTVJG46&KPRWV4GEQTFVJGPWODGTHQT
(% 'ZCORNG46&NQNQ
) 5GVVJG4$QZVQ6 (%
* 4GEQTFVJGPWODGTFKURNC[GFHQTFGITGGU 'ZCORNG46&NQJK
+ )QKPVQ5GVWRUGNGEVVJGHQNNQYKPIRTQITCOEQFGU 2% VQGPVGTVJG
XCNWGURTGXKQWUN[TGEQTFGF
, O#NQNQTGCFKPIKPVQ2% GZCORNG
- O#NQJKTGCFKPIKPVQ2% GZCORNG
. 46&NQNQTGCFKPIKPVQ2% 'ZCORNG
/ 46&NQJKTGCFKPIKPVQ2% 'ZCORNG
%278GTUKQP#PCNQI%CNKDTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
5VGR #PCNQI%CNKDTCVKQP*KIJ4CPIG
# 'ZKVUGVWRCPFTGGPVGTFKCIPQUVKEUCPFUGNGEVHQTO#
$ 9KVJ VJG 8QNVCIG UVKNN UGV VQ XQNVU CETQUU 6262 4GEQTF VJG
FKURNC[GFPWODGT 'ZCORNGO#JKNQ
% #FLWUVVJGO#UKIPCNWPVKNXQNVUKUCETQUU62624GEQTFVJG
FKURNC[GFPWODGT 'ZCORNGO#JKJK
& +PVJG&KCIPQUVKEUUGNGEVHQT46&9KVJVJG4$QZUVKNNUGVVQ6
4GEQTFVJGPWODGTHQT(% 'ZCORNG46&JKNQ
' 5GVVJG4$QZVQ6 (%
( 4GEQTFVJGPWODGTHQT(% 'ZCORNG46&JKJK
) )QKPVQ5GVWRUGNGEVVJGHQNNQYKPIRTQITCOEQFGUVQGPVGTVJG
XCNWGURTGXKQWUN[TGEQTFGF
* O#JKNQTGCFKPIKPVQ2% GZCORNG
+ O#JKJKTGCFKPIKPVQ2% GZCORNG
, 46&JKNQTGCFKPIKPVQ2% 'ZCORNG
- 46&JKJKTGCFKPIKPVQ2% 'ZCORNG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA%278GTUKQP#PCNQI%CNKDTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
5VGR %JGEM6GORGTCVWTG%CNKDTCVKQP
# 'ZKVQWVQH5GVWR)QVQVJGNQCFOGPWCPFRTGUU5GNGEV5ETQNNFQYPKPVQ
VJG&[PCOKE&CVC&KURNC[WPVKN/VTEWTTVGORCPF/VTEWTTRTGUCTG
&KURNC[GF
$ 9KVJVJG4$QZUVKNNUGVCV6VJGFKURNC[GF%WTTGPV6GORGTCVWTG
UJQWNFTGCF(%v(%
% #FLWUVVJG4$QZVQ66JGFKURNC[GF%WTTGPV6GORGTCVWGUJQWNF
TGCF(%v(%
& #FLWUVVJG4$QZVQ66JGFKURNC[GF%WTTGPV6GORGTCVWTGUJQWNF
TGCF(%v(%
5VGR %JGEM2TGUUWTG%CNKDTCVKQP
# 9KVJVJG 8QNVCIGUVKNNUGVVQXQNVUCETQUU62626JGFKURNC[GF
%WTTGPV2TGUUWTGUJQWNFTGCFvRUK
$ #FLWUVVJGO#KPRWVVQXQNVUCETQUU62626JGFKURNC[GF
%WTTGPV2TGUUWTGUJQWNFTGCFvRUK
% #FLWUVVJGO#KPRWVVQXQNVUCETQUU62626JGFKURNC[GF
%WTTGPV2TGUUWTGUJQWNFTGCFvRUK
%278GTUKQP#PCNQI%CNKDTCVKQPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%27X#PCNQI%CNKDTCVKQP5GV7R
(KIWTG
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA%278GTUKQP#PCNQI%CNKDTCVKQP
#RRGPFKZ#
+PUVCNNCVKQP9QTMUJGGVU
+PRWV1WVRWV5KIPCN
%QPHKIWTCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JKUCRRGPFKZEQPVCKPUUGXGTCNVCDNGUVJCVECPDGRJQVQEQRKGFCPFWUGFVQGPVGTRCTCOGVGTUGVVKPIU
HQTTGEQTFUQH&CP.QCFKPUVCNNCVKQPU6JGVCDNGUECPDGWUGFCUCPCKFKPIGPGTCVKPIYKTG
NKUVUCPFFTCYKPIUHQTVJGKPUVCNNCVKQPU
&CPKGNFTCYKPI$'&GXKEG.KPMCIGU&CP.QCFUJQYUVJGTGNCVKQPUJKRDGVYGGP
U[UVGOFGXKEGUNKSWKFEQORQPGPVUCPFCFFKVKXGU&CPKGNFTCYKPI&'2TQITCO%QFGVQ
&GXKEG#UUKIPOGPVU&CP.QCFUJQYUCNNFGXKEGUVJCVECPDGOQPKVQTGFCPFEQPVTQNNGFD[
C&CP.QCF+PCEVWCNKPUVCNNCVKQPUQPN[UQOGQHVJGFGXKEGUYKNNDGKPUVCNNGF6JGRTQITCO
EQFGUKPFKECVGFKPVJGFTCYKPICTGVJGRTKOCT[RCTCOGVGTUVJCVTGNCVGVJGFGXKEGUVQVJGRTQRGT
HNQYOGVGTOGVGTUVTGCO/CP[CFFKVKQPCNRCTCOGVGTUFGHKPGCPFOQFKH[VJGQRGTCVKQPQHGCEJ
FGXKEG7UGVJGRTQITCOEQFGUKPFKECVGFKPVJGFTCYKPIVQTGHGTGPEGVJGFGXKEGRCTCOGVGTU6CDNGU
#VQ#6JGUGVCDNGUEQPVCKPDTKGHFGUETKRVKQPUQHVJGFGXKEGTGNCVGFRCTCOGVGTU5GG
5GEVKQPHQTCEQORNGVGFGUETKRVKQPQHGCEJRCTCOGVGT
#P[NKSWKFEQORQPGPVECPHNQYVJTQWIJCP[HNQYOGVGTCPFHTQOVYQVQHQWTEQORQPGPVU
ECPHNQYQPGCVCVKOGVJTQWIJVJGUCOGHNQYOGVGT6JKUHWPEVKQPKUVJGTGCUQPVJCVVJG
OGVGT HCEVQTU RTQITCO EQFGU VJTQWIJ CTG CUUKIPGF VQ VJG EQORQPGPVU 6JG
OGVGT HCEVQTU CTG CWVQOCVKECNN[ CRRNKGF VQ VJG CEVKXG HNQY OGVGT YJGP VJG UGNGEVGF
EQORQPGPVKUHNQYKPIVJTQWIJVJCVHNQYOGVGT
2WORUCPFDNQEMXCNXGUHQTNKSWKFEQORQPGPVUCTGGPCDNGFURGEKHKECNN[HQTGCEJEQORQPGPV
D[CUUKIPKPIEQTTGURQPFKPIRJ[UKECNFKUETGVGQWVRWVU CPFFKUETGVGKPRWVUKPVJGECUGQH
DNQEM XCNXGU &TCYKPI &' 2TQITCO %QFG VQ &GXKEG #UUKIPOGPVU KPFKECVGU
UGSWGPVKCN PWODGTKPI QH CNN FGXKEGU HQT GCUG QH FTCYKPI NC[QWV 0QVG JQYGXGT KH
EQORQPGPVYGTGCUUKIPGFVQOGVGT RTQITCOEQFG/GVGTUGVVQ VJGPVJGRWOR
HQTEQORQPGPV 2 CPFVJGDNQEMXCNXGHQTEQORQPGPV $8 CTGCNUQCUUKIPGFVQ
OGVGT UVTGCO #EVWCN FGXKEG VCIU CPF U[UVGO FTCYKPIU HQT GCEJ WPKSWG KPUVCNNCVKQP
UJQWNFUJQYVJKUCUUKIPOGPVEQTTGEVN[
(NQYTCVGVJTQWIJCP[HNQYOGVGTECPDGEQPVTQNNGFD[CP[QPGHNQYEQPVTQNXCNXGCPF
HTQOVYQVQHQWTHNQYOGVGTUECPUJCTGVJGUCOGHNQYEQPVTQNXCNXG&TCYKPI&'
2TQITCO%QFGVQ&GXKEG#UUKIPOGPVUKPFKECVGUUGSWGPVKCNPWODGTKPIQHCNNFGXKEGUHQT
GCUGQHFTCYKPINC[QWV0QVGJQYGXGTOGVGTEQWNFDGCUUKIPGFVQHNQYEQPVTQNXCNXG
RTQITCOEQFG8CNXGVQDGEQPVTQNNGFUGVVQ CPFOGVGTEQWNFDGCUUKIPGFVQHNQY
EQPVTQNXCNXG RTQITCOEQFG8CNXGVQDGEQPVTQNNGFUGVVQ #EVWCNFGXKEGVCIUCPF
U[UVGOFTCYKPIUHQTGCEJWPKSWGKPUVCNNCVKQPUJQWNFUJQYVJGUGCUUKIPOGPVUEQTTGEVN[
+PUVCNNCVKQP9QTMUJGGVUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ#
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2WORU CPF DNQEM XCNXGU HQT CFFKVKXGU CTG GPCDNGF URGEKHKECNN[ HQT GCEJ CFFKVKXG D[
CUUKIPKPIEQTTGURQPFKPIRJ[UKECNFKUETGVGQWVRWVU CPFFKUETGVGKPRWVUKPVJGECUGQHDNQEM
XCNXGU &CPKGNFTCYKPI&'2TQITCO%QFG VQ &GXKEG#UUKIPOGPVU&CP.QCF
UJQYU CFFKVKXG KPLGEVKQP QP GCEJ OGVGT UVTGCO +P CEVWCN KPUVCNNCVKQPU CFFKVKXG
KPLGEVKQPKUWUWCNN[KORNGOGPVGFKPVJGRTKOCT[EQORQPGPVOGVGTUVTGCOQPN[
6CDNGU#CVQ#ECPDGWUGFVQRTQXKFGCTGEQTFQHKPRWVQWVRWVUKIPCNCUUKIPOGPVU6CDNGU
#VQ#EQPVCKPNKUVUQHCNNRTQITCOEQFGU RCTCOGVGTU QTICPK\GFKPFGXKEGQTHWPEVKQPCN
ITQWRU#PQXGTXKGYQHVJGVCDNGUKURTQXKFGFDGNQY
#RRGPFKZ#AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA +PUVCNNCVKQP9QTMUJGGVU
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
0QVGU
1PN[GPCDNGFCPFCRRNKECDNGRTQITCOEQFGUKPGCEJITQWRCTGTGSWKTGFVQDGEQPHKIWTGF
#NCTORCTCOGVGTUCTGUGVVQFGHCWNVXCNWGU5QOGQHVJGUGXCNWGUCPFQTNKOKVUOC[
TGSWKTGCFLWUVOGPVVQRTGXGPVGTTQPGQWUCNCTOU
+PUVCNNCVKQP9QTMUJGGVUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ#
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
# 2J[UKECN%QPHKIWTCVKQPQHVJG&CP.QCF
6JGHQNNQYKPIKPRWVUCPFQWVRWVUCTGHKZGFCPFCTGPQVTGEQPHKIWTCDNG
1PGVQHQWTOGVGTRWNUGKPRWVUVQOGVGTRWNUGDQCTFU
6YQUYKPICTOUVCVWUKPRWVUVQOCKPRTQEGUUQTDQCTF PQVRTGUGPVQPX%27
6YQJKIJTGUQNWVKQPRWNUGQWVRWVUHTQOEJCPPGNOGVGTRWNUGDQCTF QPN[YKVJ/2/%
DQCTFQPEJCPPGNOGVGTRWNUGDQCTF
/CZKOWORJ[UKECNKPRWVEJCPPGNU
GCEJ46&RTQEGUUVGORGTCVWTG HQTX%27
GCEJVQO#FERTQEGUURTGUUWTGQTFGPUKV[ HQTX%27
GCEJFKUETGVGUVCVWUHWPEVKQPU
/CZKOWORJ[UKECNQWVRWVEJCPPGNU
GCEJFKUETGVGEQPVTQNHWPEVKQPU
0QVG
6JGPWODGTQHHWPEVKQPUVJCVECPDGCUUKIPGFVQRJ[UKECNFKUETGVGKPRWVCPFQWVRWVEJCPPGNU
KUITGCVGTVJCPVJGPWODGTQHCXCKNCDNGRJ[UKECNFKUETGVGEJCPPGNU5QOGNQIKECNFKUETGVG
KPRWVCPFQWVRWVHWPEVKQPUCTGOWVWCNN[GZENWUKXGCPFECPPQVDGCEVKXGCVVJGUCOGVKOG
6JGX%27DQCTF JCUQPGO#KPRWVQPG46&KPRWVCPFC&7#46DWKNVKP
6JGWPKVPWODGTCUUKIPGFVQGCEJ&CP.QCFKUFGTKXGFCUHQNNQYU+HVJG&CP.QCF
EQOOWPKECVGUYKVJCFCVCNQIIKPIFGXKEGQTVGTOKPCNCWVQOCVKQPU[UVGOGCEJKPUVTWOGPVOWUV
DG CUUKIPGF C WPKV PWODGT 6JKU CUUKIPOGPV KU CEEQORNKUJGF D[ &+2 UYKVEJGU NQECVGF QP VJG
&7#46 X%27DQCTF QTD[RTQITCOEQFG X%27DQCTF 6JGTCPIGQHVJGWPKVPWODGT
KUVQ#/WNVKFTQRPGVYQTMKORNGOGPVGFYKVJVJG45RQTV &7#46 JCUCPGNGEVTKECN
NKOKVQHWPKVUVQQPG45OCUVGTRQTV*QYGXGTVJGWPKVPWODGTUQHVJGUGWPKVUECPDG
CP[WPKSWGPWODGTYKVJKPVJGTCPIGQHVQ+HPGKVJGTEQOOWPKECVKQPUOQFWNGKUKPUVCNNGF
KV KU CFXKUCDNG VQ WUG VJG UCOG PWODGT TCPIG VQ HQT WPKV CUUKIPOGPV PWODGTU 7UKPI
PWODGTUKPVJKUTCPIGOC[CXQKFVJGPGGFVQTGPWODGTVJGWPKVUKHFCVCNQIIKPICPFQTVGTOKPCN
CWVQOCVKQPU[UVGOEQOOWPKECVKQPUCTGCFFGFKPVJGHWVWTG
#RRGPFKZ#AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA +PUVCNNCVKQP9QTMUJGGVU
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7PCWVJQTK\GF HNQY GZEGGFU NKOKV OGVGT Z CNCTO
#NCTO QR OCUM 'PCDNG CNCTOU VQ QWVRWV DKV OCUM
# (NQY%QPVTQN8CNXG2CTCOGVGTU5GVWR
4COR ENKEMU /CZKOWO CVVGORVU VQ TCORWR HNQY TCVG DGHQTG OCKPVCKPKPI NQYGT HNQY TCVG
/CKPVGPCPEG ENKEMU /CZKOWO CVVGORVU VQ OCKPVCKP HNQY TCVG DGHQTG HCNNKPI DCEM VQ C NQYGT HNQY TCVG
0QTOCN XCNXG EQPVTQN 10 VKOG RNWU VJG VKOG URGEKHKGF D[ VJKU RCTCOGVGT
/CKPV ENKEM CFLWUVOGPV U
.QY HNQY GTTQT 8CTKCVKQP HTQO NQY HNQY TCVG CNNQYGF DGHQTG CFLWUVOGPV CVVGORV KU OCFG
*KIJ HNQY GTTQT 8CTKCVKQP HTQO JKIJ HNQY TCVG CNNQYGF DGHQTG CFLWUVOGPV CVVGORV KU OCFG
1RGP OGVJQF /GVJQF VQ EQPVTQN (%8 FWTKPI KPKVKCN HNQY VKOG UGV D[ RTQITCO EQFG +PKVKCN HNQY 0QTOCN
VKOG U
%NQUG KPRWV 2TGUUWTG EQPVTQN éRKPEJ DCEMê
#NCTOU
4COR FQYP CNCTO CEVKQP #EVKQP KP TGURQPUG VQ NQUU QH %.15' EQPVTQN QH VJG HNQY EQPVTQN XCNXG 2TKOCT[
4COR FQYP VKOG U 6KOG RGTKQF CNNQYGF VQ TGFWEG HNQY TCVG YKVJQWV TGURQPUG DGHQTG KUUWKPI CP CNCTO
# %QORQPGPV2CTCOGVGTU5GVWR
)NQDCN 2CTCOGVGTU
4QWPF OGVJQF 5GNGEV OGVJQF HQT OCVJOCVKECN TQWPFKPI QH CEEWOWNCVGF VQVCNU 7R
2TKOCT[ EQORQPGPV %QORQPGPV HQT DNGPF GTTQT FGVGEVKQP CPF QT NKPG HNWUJKPI
/CUVGT /( /CZKOWO RGTEGPV XCTKCPEG QH CP[ OGVGT HCEVQT VQ EQTTGURQPFKPI OCUVGT OGVGT HCEVQT
#FLCEGPV /( /CZKOWO RGTEGPV XCTKCPEG QH CP[ OGVGT HCEVQT VQ CFLCEGPV OGVGT HCEVQTU
%QORQPGPV +& #UUKIP KFGPVKHKECVKQP NCDGN VQ EQORQPGPV %QORQPGPV P
/CUU CFLWUVOGPV 6JG EQORQPGPVçU éOCUU EQORWVCVKQP CFLWUVOGPV HCEVQTê
/GVGT (CEVQTU
0WODGT QH HCEVQTUEQORQPGPV 5RGEKH[ VJG PWODGT QH HNQY TCVG OGVGT HCEVQT EQODKPCVKQPU HQT VJG EQORQPGPV
VJTQWIJ KVçU HNQY OGVGT
/GVGT HCEVQT OGVJQF 5GNGEV WUG QH HKZGF QT NKPGCTK\GF OGVGT HCEVQTU (KZGF
0QOKPCN -HCEVQT 2WNUGU RGT GPIKPGGTKPI WPKV TQWPFGF VQ QPG FGEKOCN RNCEG 1DVCKPGF HTQO OGVGT
PCOGRNCVG
/CUVGT OGVGT HCEVQT /GFKCP XCNWG QH OGVGT HCEVQT HQT WUG KP XCNKFCVKQP D[ RTQITCO EQFG /CUVGT /(
5VQR TCVG %QOR Z 5GV VJG HNQY TCVG HQT NQYHNQY UVQR SWCPVKV[ CV GPF QH KPNKPG DCVEJ
(NQY TCVG .QY ECNKDTCVKQP HNQY TCVG
/GVGT HCEVQT /GVGT HCEVQT HQT NQY ECNKDTCVKQP HNQY TCVG
(NQY TCVG *KIJ QT HCNNDCEM ECNKDTCKVQP HNQY TCVG
/GVGT HCEVQT /GVGT HCEVQT HQT ECNKDTCVKQP HNQY TCVG
(NQY TCVG *KIJ QT HCNNDCEM ECNKDTCVKQP HNQY TCVG
/GVGT HCEVQT /GVGT HCEVQT HQT ECNKDTCVKQP HNQY TCVG
(NQY TCVG *KIJ ECNKDTCVQP HNQY TCVG
/GVGT HCEVQT /GVGT HCEVQT HQT JKIJ ECNKDTCVKQP HNQY TCVG
# %QORQPGPV$NQEM8CNXG2WOR2CTCOGVGTU5GVWR
$NQEM XCNXG QWVRWV #UUKIP FKUETGVG QWVRWV HQT DNQEM XCNXG EQPVTQN
=DNQEM XCNXG EQORQPGPV?
VQ %QORQPGPV EQODKPCVKQP PP EEEE #UUKIP FKUETGVG QWVRWV HQT DNQEM XCNXG EQPVTQN
=DNQEM XCNXG EQORQPGPV U ?
7PKV V[RG &CP.QCF WPKV CUUKIPOGPV HQT IGPGTCN EQPVTQN QH DNQEM XCNXGU 5GS CWVQ
$NQEM XCNXG FGNC[ U 6KOG DGVYGGP QRGPKPI DNQEM XCNXG CPF QRGPKPI VJG (%8
&GNC[ CHVGT QWVRWVU 6KOG DGVYGGP GPGTIK\KPI TGEKRG CPF EQORQPGPV EQODKPCVKQP QWVRWVU CPF EJGEMKPI
UCHGV[ EKTEWKVU WUGF KP EQPLWPEVKQP YKVJ CP CWVQOCVKQP U[UVGO
$NQEM XCNXG KPRWV #UUKIP FKUETGVG KPRWV HQT DNQEM XCNXG UVCVWU
=DNQEM XCNXG EQORQPGPV?
4GEKRGU
%QORQPGPV RGTEGPVCIG 2GTEGPVCIG QH %QORQPGPV VQ NQCF HQT 4GEKRG TT
%QORQPGPV RGTEGPVCIG 2GTEGPVCIG QH %QORQPGPV VQ NQCF HQT 4GEKRG TT
%QORQPGPV RGTEGPVCIG 2GTEGPVCIG QH %QORQPGPV VQ NQCF HQT 4GEKRG TT
%QOR RGTEGPV QT TCVKQ SV[ 2GTEGPV QH %QORQPGPV VQ NQCF HQT 4GEKRG TT QT CFFKVKXG TCVKQ SWCPVKV[ é/WNVKTCVGê
5GSWGPEG QT NQY RTQRQTVKQP =5GSWGPVKCN DNGPFKPI? 1TFGT VQ NQCF EQORQPGPVU
=+PNKPG DNGPFKPI? *KIJ NQY RTQRQTVKQP EQORQPGPV
2WOR EQPVTQN QWVRWV #UUKIP FKUETGVG QWVRWV HQT RWOR EQPVTQN
=RWOR EQORQPGPV?
.KPG RCEM FGNC[ U 6KOG DGVYGGP RWOR UVCTV CPF (%8 QRGPKPI
2WOR UVQR FGNC[ U 6KOG DGVYGGP (%8 ENQUKPI CPF RWOR UVQR
#NCTOU
$NQEM XCNXG VKOG U 6KOG CNNQYGF HQT C DNQEM XCNXG VQ ENQUG CHVGT FGGPGTIK\KPI VJG DNQEM XCNXG EQPVTQN
QWVRWV
#NCTO QR OCUM 'PCDNG CNCTO VQ QWVRWV DKV OCUM
# &GNKXGT[2CTCOGVGTU5GVWR
/CZKOWO RTGUGV SV[ /CZKOWO SWCPVKV[ VJCV ECP DG RTGUGV KP C UKPING DCVEJ
2TGUGVFGNKXGT[ V[RG 7UG WPEQORGPUCVGF QT EQORGPUCVGF SWCPVKV[ KP EQORWVKPI FGNKXGT[ SWCPVKV[ )TQUU
&GNKXGT[ FKURNC[ V[RG &KURNC[ FGNKXGT[ SWCPVKV[ CU WPEQORGPUCVGF QT EQORGPUCVGF SWCPVKV[ )TQUU
5VQR MG[ CEVKQP 5GNGEV OGVJQF HQT VGTOKPCVKPI C DCVEJ FGNKXGT[ YKVJ VJG 5612 MG[ .QY HNQY
(CNN DCEM SV[ 3WCPVKV[ VQ HNQY CV C HCNN DCEM HNQY TCVG DGHQTG CVVGORVKPI VQ KPETGCUG HNQY TCVG VQ
JKIJGUV HNQY TCVG
4COR ENKEMU 0WODGT QH CVVGORVU VQ KPETGCUG HNQY TCVG DGHQTG OCKPVCKPKPI HCNN DCEM HNQY TCVG
/CKPVGPCPEG ENKEMU 0WODGT QH CVVGORVU VQ OCKPVCKP HNQY TCVG DGHQTG FGETGCUKPI HNQY TCVG VQ C HCNN DCEM
HNQY TCVG
#FFKVKXG RWOR UVQR U 6JG VKOG DGVYGGP UVQRRKPI FGNKXGT[ CPF FGGPGTIK\KPI CFFKVKXG RWOR QWVRWVU
2TKOCT[ EQORQPGPV 2TKOCT[ EQORQPGPV HQT DNGPF TCVKQ GTTQT FGVGEVKQP CPF QT NKPG HNWUJKPI
5VCTV OGVJQF &GHKPG VJG OGVJQF WUGF VQ UVCTV C DCVEJ FGNKXGT[ 0QTOCN
%QORQPGPV :
.QY HNQY UVCTV SV[ =5GSWGPVKCN FGNKXGT[ QPN[? 3WCPVKV[ VQ NQCF CV UVCTVWR HNQY TCVG DGHQTG KPETGCUKPI VQ
JKIJ HNQY TCVG
.QY HNQY TGUVCTV SV[ =UGSWGPVKCN FGNKXGT[ QPN[? 3WCPVKV[ VQ NQCF CV UVCTVWR HNQY TCVG CHVGT TGUVCTV HTQO C
UWURGPFGF FGNKXGT[ QRGTCVKQP #EVKXG QPN[ KH VJG .QY HNQY UVCTV SWCPVKV[ JCU DGGP
FGNKXGTGF
.QY HNQY UVQR SV[ =5GSWGPVKCN FGNKXGT[? 3WCPVKV[ VQ NQCF CV VJG (NQY TCVG CV VJG GPF QH C FGNKXGT[
14
=+PNKPG FGNKXGT[_ 3WCPVKV[ VQ NQCF CV VJG EQORQPGPV UVQR TCVG
.KPG RCEM FGNC[ U 6KOG DGVYGGP EQORQPGPV RWOR GPGTIK\CVKQP CPF QRGPKPI VJG HNQY EQPVTQN XCNXGU
2WOR UVQR FGNC[ U 6KOG DGVYGGP HNQY EQPVTQN XCNXGU ENQUKPI CPF EQORQPGPV RWOR FGGPGTIK\CVKQP
$NQEM XCNXG FGNC[ U 6KOG DGVYGGP QRGPKPI VJG EQORQPGPV DNQEM XCNXG CPF QRGPKPI VJG HNQY EQPVTQN XCNXG
4GEKRGU
4GEKRG PCOG %QPHKIWTCDNG CNRJCPWOGTKE PCOG QH TGEKRG 4GEKRG ::
%QORQPGPV RGTEGPVCIG 2GTEGPVCIG QH EQORQPGPV WUGF KP DNGPF
%QOR RGTEGPV QT TCVKQ SV[ 2GTEGPVCIG QH EQORQPGPV WUGF KP DNGPF QT CFFKVKXG TCVKQ SWCPVKV[ HQT é/WNVK 4CVGê
5GSWGPEG QT NQY RTQRQTVKQP =5GSWGPVKCN FGNKXGT[? 5GSWGPEG VQ NQCF EQORQPGPVU
= +PNKPG FGNKXGT[? 5RGEKH[ JKIJ NQY RTQRQTVKQP EQORQPGPVU
5CHGV[ EKTEWKV /WUV DG UGV VQ VQ GPCDNG VJG UKZ PPP 4GEKRG : KPRWV HWPEVKQPU DGNQY
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
4GEKRG QWVRWV #UUKIP FKUETGVG QWVRWV VJCV KU 10 FWTKPI DCVEJ FGNKXGT[ QH TGEKRG
'PF QWVRWV OGVJQF &GVGTOKPG RTQEGUUKPI OGVJQF HQT GPF QH DCVEJ QT VTCPUCEVKQP $C QPN[
.GXGN KPRWV #UUKIP FKUETGVG KPRWV HQT '551 ,CRCPçU KPVGTOGFKCVG NGXGN NQIKE
*CVEJ KPRWV #UUKIP FKUETGVG KPRWV HQT '551 ,CRCPçU JCVEJ UGPUQT NQIKE
# $NGPFKPI2CTCOGVGTU5GVWR
)NQDCN 2CTCOGVGTU
5VCTV OGVJQF &GVGTOKPG VJG OGVJQF HQT UVCTVKPI DCVEJ FGNKXGT[ PQV KORNGOGPVGF 0QTOCN
4COR FQYP 2GTEGPV QH FGUKTGF HNQY TCVG VQ TCOR VQ KH WPCDNG VQ OCKPVCKP DNGPF FQ VQ NQY RTGUUWTG
4CVG TGFWEVKQP 4GFWEVKQP KH HNQY TCVG YJGP JKIJ HNQY TCVG ECPPQV DG OCKPVCKPGF
.QY HNQY UVCTV SV[ 3WCPVKV[ VQ NQCF CV NQY HNQY TCVG DGHQTG TCORKPI VQ JKIJ HNQY TCVG
%NGCP NKPG SV[ 3WCPVKV[ QH RTQITCO EQFG 2TKOCT[ EQORQPGPV VQ NQCF CV GPF QH DCVEJ
.QY RTQR HCE =+PNKPG DNGPFKPI? (NQY TCVG VQ FGNKXGT NQYRTQRQTVKQP EQORQPGPVU UGV D[ RTQITCO
EQFG 5GSWGPEG VQ NQCF
%QTTGEV CHVGT SV[ 3WCPVKV[ QH DNGPF VQ NQCF DGHQTG DGIKPPKPI DNGPF TCVKQ CFLWUVOGPV
#NCTO CHVGT SV[ 3WCPVKV[ QH DNGPF VQ NQCF DGHQTG EJGEMKPI DNGPF TCVKQ HQT RWTRQUG QH IGPGTCVKPI
7PCDNG VQ OCKPVCKP DNGPF CNCTO
#FLWUVOGPV SV[ 3WCPVKV[ UGIOGPV QH DNGPF WUGF VQ EQTTGEV VJG DNGPF TCVKQ
%QOR FKURNC[ 3WCPVKV[ CEEWOWNCVKQP V[RG HQT FKURNC[ QH DCVEJ EQORQPGPV RGTEGPVCIGU )TQUU
#FF ECNKD FGNC[ U 6KOG DGVYGGP RTGUUKPI é56#46ê CPF DGIKPPKPI QH HKTUV CFFKVKXG KPLGEVKQP E[ENG
$NGPF GTTQT OGVJQF /GVJQF QH EQORWVKPI DNGPF TCVKQ GTTQT HQT CFLWUVOGPV CPF CNCTOU )TUREVDCVEJ
/CZ FGX /CZKOWO CNNQYGF RGTEGPV FGXKCVKQP KP VJG DNGPF TCVKQ
$NGPF VQN /CZKOWO CNNQYGF RGTEGPV VQNGTCPEG KP VJG DNGPF
/CZ FGX SV[ /CZKOWO CNNQYGF SWCPVKV[ WPKVU XCTKCVKQP KP VJG DNGPF
$NGPF VQN SV[ /CZKOWO CNNQYGF SWCPVKV[ VQNGTCPEG KP VJG DNGPF
$NGPF UCORNG SV[ 6JG FGNKXGTGF DNGPF SWCPVKV[ UGIOGPV WUGF VQ ECNEWNCVG DNGPF TCVKQ
(NQY /GVGT 2CTCOGVGTU
(NQY CFL HCE (CEVQT HQT TCVG QH CFLWUVOGPV QH HNQY TCVG FWTKPI CP KPNKPG DNGPF
4CVKQ CFL HCE (CEVQT HQT TCVG QH CFLWUVOGPV QH DNGPF TCVKQ HQT EQTTGEVKQP FWTKPI CP KPNKPG DNGPF
4COR =5GSWGPVKCN DNGPFKPI YKVJ FKIKVCN HNQY EQPVTQN XCNXG U ? 2GTEGPVCIG QH HNQY TCVG VQ
TCOR WR YKVJ QPG æENKEMç DGHQTG UYKVEJKPI VQ HNQY TCVG OCKPVGPCPEG OQFG
%#./10 CPCN[UKU OGVJQF é.QIKEê VQ WUG HQT ECNKDTCVKQP OQPKVQTKPI CPCN[UKU (W\\[
(21 DCUKU (CEVQT CRRNKGF VQ OGVGT RWNUG KPRWVU VQ IGPGTCVG HCEVQTGF RWNUG QWVRWVU 4CY
%#./10 GTTQT NKOKV 0WODGT QH DCF CPCN[UGU RGT %#./10 TGUGV EQWPV ECNKDTCVKQP OQPKVQTKPI
%#./10 TGUGV EQWPV #NN CPCN[UGU EQWPVGTU CTG \GTQGF QWV CV VJKU KPVGTXCN
(21 6JG HCEVQTGF RWNUG QWVRWV QP VJG éUOCTVê EJ OGVGT RWNUG DQCTF
0WODGT QH DNCFGU 6JG PWODGT QH OCIPGVKE DNCFGU QP VJG OGVGT HQT ECNKDTCVKQP RWTRQUGU
/CZ OCZ EJCT FGX /CZKOWO UKIPCVWTG FGXKCVKQP EQORWVGF FWTKPI C ECNKDTCVKQP CPCN[UGU
/CZ VQV EJCT FGXU 5WO UKIPCVWTG FGXKCVKQP EQORWVGF FWTKPI C ECNKDTCVKQP CPCN[UGU
%CNKDTCVKQP UVCVWU 5GNGEV ECNKDTCVGF QT PQV ECNKDTCVGF ECP DG WUGF VQ HQTEG TGECNKDTCVKQP 0QV ECNKDTCVGF
$CVEJ 2TQHKNG 2CTCOGVGTU
.QY HNQY TCVG HQT 4GEKRG P $CVEJ 2TQHKNG P
.QY HNQY TCVG
*KIJ HNQY TCVG HQT 4GEKRG P $CVEJ 2TQHKNG P
*KIJ HNQY TCVG
# 6GORGTCVWTG%QORGPUCVKQP2CTCOGVGTU5GVWR
/GVGT Z VGOR KPRWV '0#$.' #0& #55+)0 46& 6'/2'4#674' +02765
61 (.19 /'6'4 564'#/
=46& OGVGT UVTGCO?
)NQDCN 2CTCOGVGTU
46& TCPIG 5RGEKH[ TCPIG QH 46& KPRWVU QP CPCNQI KPRWV DQCTF U 5VCPFCTF
6GORGTCWTG WPKVU 'PIKPGGTKPI WPKVU FGVGTOKPG JQY OGVGT VGOR KU EQORWVGF CPF EQPVTQN NCDGNKPI %
4GHGTGPEG VGORGTCVWTG .KPGCT GSWCVKQP TGHGTGPEG VGORGTCVWTG
6CDNG % CPF % WUG FGITGGU (
6CDNG % WUGU FGITGGU %
'PVGTKPI C PQPUVCPFCTF TGHGTGPEG VGORGTCVWTG ECWUGU EQTTGEVKQP VQ UCOG
5CORNG SV[ /GCUWTGF SWCPVKV[ WPKVU DGVYGGP VGORGTCVWTG TGCFKPIU VQ QDVCKP VGORGTCVWTG
CXGTCIGU
+PFKXKFWCN 46& %QPHKIWTCVKQP
/GVGT Z QHHUGV 1JOU YKTG 46& KPVGTEQPPGEVKPI YKTG TGUKUVCPEG PQV TGEQOOGPFGF
6GORGTCVWTG QRVKQP 5GNGEV OGVJQF HQT ECNEWNCVKQP QH %6. 1HH
#NRJC %QGHHKEKGPV QH VJGTOCN GZRCPUKQP
6 HQT NKPGCT GSWCVKQP CPF #2+ VCDNGU % CPF %
$CEMWR VGORGTCVWTG (KZGF VGORGTCVWTG WUGF KH 46& KPRWV HCKNU
#NCTOU
/KPKOWO VGORGTCVWTG .QY VGORGTCVWTG UGVRQKPV HQT CNCTO VTKIIGT
/CZKOWO VGORGTCVWTG *KIJ VGORGTCVWTG UGVRQKPV HQT CNCTO VTKIIGT
6GOR HCKN CNCTO CEVKQP #EVKQP KP TGURQPUG VQ VGORGTCVWTG CNCTO 2TKOCT[
#NCTO QR OCUM 'PCDNG VGORGTCVWTG HCKNWTG CNCTO VQ QWVRWV
$KV OCUM XCNWG
# 2TGUUWTG%QORGPUCVKQP2CTCOGVGTU5GVWR
/GVGT Z RTGU KPRWV 'PCDNG CPF CUUKIP RTGUUWTG CPCNQI KPRWV VQ HNQY OGVGT UVTGCO
=RTGUUWTG VTCPUOKVVGT OGVGT UVTGCO?
)NQDCN 2CTCOGVGTU
+PFKXKFWCN 26 %QPHKIWTCVKQP
2TGUUWTG " O# 2TGUUWTG CV \GTQ UECNG VTCPUOKVVGT KPRWV
2TGUUWTG " O# 2TGUUWTG CV HWNN UECNG VTCPUOKVVGT KPRWV
2TGUUWTG QRVKQP 5GNGEV OGVJQF HQT ECNEWNCVKQP QH %2. 1HH
(HCEVQT : %QORTGUUKDKNKV[ HCEVQT VKOGU KP XQNWOG WPKVU RGT RTGUUWTG WPKVU
#NCTOU
/KPKOWO RTGUUWTG .QY RTGUUWTG UGVRQKPV HQT CNCTO VTKIIGT
/CZKOWO RTGUUWTG *KIJ RTGUUWTG UGVRQKPV HQT CNCTO VTKIIGT
# &GPUKV[%QORGPUCVKQP2CTCOGVGTU5GVWR
/GVGT Z FGPU KPRWV 'PCDNG CPF CUUKIP FGPUKV[ CPCNQI KPRWV VQ HNQY OGVGT UVTGCO
=FGPUKV[ VTCPUOKVVGT OGVGT UVTGCO?
)NQDCN 2CTCOGVGTU
&GPUKV[ " O# &GPUKV[ CV \GTQ UECNG VTCPUOKVVGT KPRWV
&GPUKV[ " O# &GPUKV[ CV HWNN UECNG VTCPUOKVVGT KPRWV
&GPUKV[ITCXKV[ QRVKQP %JQUG CP CXCKNCDNG QRVKQP QT FKUCDNG 1HH
$CEMWR FGPUKV[ITCXKV[ (KZGF FGPUKV[ITCXKV[ WUGF YJGP NKXG KPRWV KU PQV CXCKNCDNG
#NCTOU
# 2WNUG2GT7PKV1WVRWV2CTCOGVGTU5GVWR
0WODGT QH RWNUG RGT WPKV QWVRWVU '0#$.' QT 27.5' 2'4 70+6 1762765
%QPVTQN OGVGTU #UUKIP HNQY OGVGTU VQ RWNUG RGT WPKV QWVRWV ) RGT OGVGT
=RWNUG RGT WPKV QWVRWV HNQY OGVGT U ?
+PFKXKFWCN 2WNUG 2GT 7PKV 1WVRWV %QPHKIWTCVKQP
# #FFKVKXG2CTCOGVGTU5GVWR
#FFKVKXG RWOR UVQR U &GNC[ DGVYGGP NQCF UVQR CPF CFFKVKXG RWORU UVQR
3WCPVKV[ QH RTQFWEV OGCUWTGF RGT GCEJ CFFKVKXG TCVKQ QWVRWV
4CVKQ SV[
5GNGEV KPLGEVKQP OGVJQF /GEJ *CPFUJCMG /GVGT QT %QPVTQN /GEJ
+PLGEVKQP OGVJQF
/GCUWTG CFFKVKXG XQNWOG FGRGPFU QP KPLGEVKQP OGVJQF
8QNWOG RGT RWNUG QT -HCEVQT
#FFKVKXG WPKVU KPLGEVGF RGT WPKVU QH RTQFWEV
#FFKVKXG RGT
#FF Z #UUKIP URCEG KP VTCPUCEVKQP UVQTCIG TGEQTF HQT CFFKVKXG VQVCN
#FF Z #UUKIP EQQTFKPCVGU KP VTCPUCEVKQP VKEMGV HQT CFFKVKXG VQVCNU HQT VTCPUCEVKQP
#FF Z #UUKIP URCEG KP DCVEJ UVQTCIG TGEQTF HQT CFFKVKXG VQVCN
#FF Z #UUKIP EQQTFKPCVGF KP VTCPUCEVKQP VKEMGV HQT CFFKVKXG VQVCNU HQT DCVEJ
1WVRWVU
#UUKIP CFFKVKXG KPLGEVKQP EQPVTQN VQ C FKUETGVG QWVRWV
4CVKQXCNXG QWVRWVU
'0#$.' #0& #55+)0 &+5%4'6' 176276 61 #&&+6+8' 27/2
2WOR QWVRWV
'0#$.' #0& #55+)0 &+5%4'6' 176276 61 #&&+6+8' $.1%- 8#.8'
$NQEM XCNXG QWVRWV
%NGCP NKPG QWVRWV 'PGTIK\GF FWTKPI FGNKXGT[ QH VJG SWCPVKV[ UGV D[ RTQITCO EQFG %NGCP NKPG SV[
+PRWVU
'ZVGTPCN KPRWV VQ UGNGEV CFFKVKXG
5GNGEVKQP KPRWV
8GTKH[ CPFQT OGCUWTG KPLGEVGF CFFKVKXG
(GGFDCEMOGVGT KPRWV
#FFKVKXG HGGFDCEM EQWPV 'ZRGEVGF HGGFDCEM RWNUGUE[ENG é/GEJê OGVJQF QT OCZKOWO HGGFDCEM éQP VKOGê
é*CPFUJCMGê KPLGEVKQP KP UGEQPFU
#NCTOU
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/VT Z UVF VQVCN #EEWOWNCVGF UVCPFCTF SWCPVKV[ VQVCN PQPTGUGV HQT OGVGT Z VQ SWCPVKV[ WPKVU
/VT Z ITU DCVEJ #EEWOWNCVGF ITQUU SWCPVKV[ HQT VJG EWTTGPV DCVEJ FGNKXGT[ VQ SWCPVKV[ WPKVU 8CNWG KU
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/VT Z HNQY TCVG %WTTGPV KPUVCPVCPGQWU HNQY TCVG HQT OGVGT Z VQ SWCPVKV[ WPKVU RGT JQWT
/VT Z %%( %QODKPGF EQTTGEVKQP HCEVQT HQT OGVGT Z
/VT Z OCZ HNY TCVG 6JG OCZKOWO HNQY TCVG HQT OGVGT Z
/VT Z HCEVQT 6JG EWTTGPV OGVGT HCEVQT HQT OGVGT Z
/VT Z RNU EQWPV 6QVCN RWNUG CEEWOWNCVKQP /VT Z RNU HNTV /VT Z RNU HNTV /VT Z RNU HNTV /VT Z RNU HNTV
/VT Z RNU HNTV 2WNUG CEEWOWNCVKQP CV /VT Z HNQY TCVG CV UVCTV QH NQCF
/VT Z RNU HNTV 2WNUG CEEWOWNCVKQP CV /VT Z HNQY TCVG CV UVCTV QH NQCF
/VT Z RNU HNTV 2WNUG CEEWOWNCVKQP CV /VT Z HNQY TCVG CV UVCTV QH NQCF
/VT Z RNU HNTV 2WNUG CEEWOWNCVKQP CV /VT Z HNQY TCVG CV UVCTV QH NQCF
/VT Z ITU WPCWVJ #EEWOWNCVGF WPCWVJQTK\GF ITQUU SWCPVKV[ HQT OGVGT Z
/VT Z UVF WPCWVJ #EEWOWNCVGF WPCWVJQTK\GF UVCPFCTF SWCPVKV[ HQT OGVGT Z
/VT Z ITU UVCTV #EEWOWNCVGF ITQUU SWCPVKV[ CV UVCTV QH DCVEJ VQ SWCPVKV[ WPKVU
/VT Z UVF UVCTV #EEWOWNCVGF UVCPFCTF SWCPVKV[ CV UVCTV QH DCVEJ VQ SWCPVKV[ WPKVU
/VT Z EWTT VGOR 6JG EWTTGPV VGORGTCVWTG NKXG QT HKZGF HQT OGVGT UVTGCO Z
/VT Z ITU NQCF #EEWOWNCVGF ITQUU SWCPVKV[ HQT VJG DCVEJ VQ 6JGUG XCNWGU CTG FKURNC[GF VQ VJG
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/VT Z %VN 6JG KPVGTPCNN[ ECNEWNCVGF QT HKZGF XCNWG QH %VN EQTTGEVKQP HCEVQT HQT VJG CHHGEV QH VGORGTCVWTG QP VJG
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/VT Z %RN +PVGTPCNN[ ECNEWNCVGF QT HKZGF XCNWG QH %RN EQTTGEVKQP HCEVQT HQT VJG GHHGEV QH RTGUUWTG QP VJG
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#FF Z DCVEJ #EEWOWNCVGF SWCPVKV[ QH CFFKVKXG HQT DCVEJ VQ CFFKVKXG SWCPVKV[ WPKVU URGEKHKGF D[
RTQITCO EQFG #FFKVKXG WPKVU
# %QOOWPKECVKQPU&CVC.QIIKPI2CTCOGVGTU5GVWR
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6TCPUCEVKQP UWOOCT[ %QPHKIWTG RTKPVGT QWVRWV HQT UVCPFCTF 6TCPUCEVKQP 5WOOCT[ TGRQTV 1HH
#NCTO NQI %QPHKIWTG RTKPVGT QWVRWV HQT #NCTO NQIIKPI 1HH
2QYGT HCKN NQI %QPHKIWTG RTKPVGT QWVRWV HQT 2QYGT (CKN NQIIKPI 1HH
2TQITCO OQFG GPVT[GZKV %QPHKIWTG RTKPVGT QWVRWV HQT 'PVT[ 'ZKV QH 2TQITCO /QFG NQIIKPI 1HH
9/ UYKVEJ QRGPENQUGF %QPHKIWTG RTKPVGT QWVRWV HQT 12'0 %.15' 9/ UYKVEJ NQIIKPI 1HH
2TQITCO EQFG XCNWG EJCPIG NQI %QPHKIWTG RTKPVGT QWVRWV HQT OQFKHKECVKQP QH RTQITCO EQFG XCNWG NQIIKPI 1HH
%QPHKIWTCVKQP UWOOCT[ %QPHKIWTG RTKPVGT QWVRWV HQT EQPHKIWTCVKQP UWOOCT[ RTKPVKPI 1HH
%TCUJ OGOQT[ UWOOCT[ %QPHKIWTG RTKPVGT QWVRWV HQT RTQITCO ETCUJ OGOQT[ NQIIKPI 1HH
6QVCNK\GTU 'PCDNG FKUCDNG CWVQOCVKE RTKPVKPI GXGT[ JQWTU 14 OCPWCN RTKPVKPI 1HH
6TCPUCEVKQP VKEMGV %QPHKIWTG RTKPVGT QWVRWV HQT RTKPVKPI WUGT FGHKPGF 6TCPUCEVKQP 6KEMGV 1HH
6TCPUCEVKQP VKEMGV TGRTKPV %QPHKIWTG RTKPVGT QWVRWV HQT TGRTKPVKPI WUGT FGHKPGF 6TCPUCEVKQP 6KEMGV 1HH
6JTWRWV 'PCDNG FKUCDNG CWVQOCVKE RTKPVKPI GXGT[ JQWTU QH EJCPIG KP VQVCNK\GTU 1HH
5GSWGPEG PWODGTU 'PCDNG FKUCDNG RTKPVKPI QH TGRQTV NQI UGSWGPEG PWODGTU QP GCEJ TGRQTV NQI QP C 1HH
RGT RTKPVGT DCUKU
%WVQHH JQWT 6JG JQWT CV YJKEJ C EWVQHH GPF QH FC[ RTQEGUUKPI TWP KU VQ DG TWP OKFPKIJV
&CVC NQIIKPI CNCTO CEVKQP #EVKQP KP TGURQPUG VQ C &CVC NQIIKPI OGOQT[ HWNN CNCTO +PHQ
# 6TCPUCEVKQP5VQTCIG2CTCOGVGTU5GVWR
2CUUEQFG RGT VTCPUCEVKQP 2TQORV HQT RCUUEQFG GPVT[ HQT GCEJ VTCPUCEVKQP PQV KORNGOGPVGF 0Q
6TCPUCEVKQP TGEQTF NGPIVJ 0WODGT QH OGOQT[ D[VGU CNNQECVGF HQT GCEJ UVQTGF VTCPUCEVKQP TGEQTF
5VCTV RCIG CPF RCIGU #NNQECVKQP QH VJG UVCTV RCIG CPF PWODGT QH RCIGU KP VJG VTCPUCEVKQP HKNG
$CVEJ TGEQTF NGPIVJ 0WODGT QH OGOQT[ D[VGU CNNQECVGF HQT GCEJ UVQTGF DCVEJ TGEQTF
5VCTV RCIG CPF RCIGU #NNQECVKQP QH VJG UVCTV RCIG CPF PWODGT QH RCIGU KP VJG DCVEJ HKNG
6KOG QWV VT 5RGEKH[ YJGVJGT QT PQV C VTCPUCEVKQP UJQWNF DG VKOGF QWV CWVQOCVKECNN[ 0Q
5VCTV FCVG 4GEQTF QHHUGV HQT UVQTCIG QH 6TCPUCEVKQP 5VCTV &CVG
'PF FCVG 4GEQTF QHHUGV HQT UVQTCIG QH 6TCPUCEVKQP 'PF &CVG
)TQUU 4GEQTF QHHUGV HQT UVQTCIG QH CEEWOWNCVGF ITQUU VQVCN HQT VJG VCPUCEVKQP
5VF 4GEQTF QHHUGV HQT UVQTCIG QH CEEWOWNCVGF UVF VQVCN HQT VLJG VTCPUCEVKQP
6GOR 4GEQTF QHHUGV HQT UVQTCIG QH CXGTCIG VGORGTCVWTG HQT VJG VCPUCEVKQP
2TGU 4GEQTF QHHUGV HQT UVQTCIG QH CXGTCIG RTGUUWTG HQT VJG VTCPUCEVKQP
&GPU 4GEQTF QHHUGV HQT UVQTCIG QH CXGTCIG FGPUKV[ HQT VJG VTCPUCEVKQP
5VCTV ITQUU 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF ITQUU VQVCN CV VJG UVCTV QH VJG VTCPUCEVKQP
5VCTV UVF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWLNCVGF UVF VQVCN CV VJG UVCTV QH VJG VTCPUCEVKQP
'PF ITQUU 4GEQTF QHHUGV HQT UVQTIG QH JVG CEEWOWNCVGF ITQUU VQVCN CV JVG GPF QH VJG VTCPUCEVKQP
'PF UVF 4GQEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF UVF VQVCN CV VG GPF QH VJ VTCPUCEVKQP
#NCTO DKV OCR 4GEQTF QHHUGV HQT UVQTCIG QH C DKV OCR QH VJG CNCTOU VJCV QEEWTGF FWTKPI VJG
VTCPUCEVKQP
2TKO CNCTO 4GEQTF QHHUGV HQT UVQTCIG QH C 2TKOCT[ CNCTO VJCV QEEWTTGF FWTKPI VJG VTCPUCEVKQP
6GOR CNCTO 4GEQTF QHHUGV HQT UVQTCIG QH C 6GORGTCVWTG CNCTO VJCV QEEWTGF FWTKPI VJG VTCPUCEVKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEVKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEVKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEVKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEVKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEKQP
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[ QH CFFKVKXG FWTKPI VJG
VTCPUCEVKQP
1R OQFG 4GEQTF QHHUGV HQT UVQTCIG QH VJG QRGTCVKPI OQFG FWTKPI VJG VTCPUCEVKQP
)TQUU WPKVU 4GEQTF QHHUGV HQT UVQTCIG QH VJG QRGTCVKPI OQFG FWTKPI VJG VTCPUCEVKQP
5VF WPKVU 4GEQTF QHHUGV HQT UVQTCIG QH VJG QRGTCVKPI OQFG FWTKPI VJG VTCPUCEVKQP
$C UGS 4GEQTF QHHUGV HQT UVQTCIG QH VJG $CVEJ 5GSWGPEG 0WODGT
6T UGS 4GEQTF QHHUGV HQT UVQTCIG QH VJG 6TCPUCEVKQP 5GSWGPEG 0WODGT
6GOR 4GEQTF QHHUGV HQT UVQTCIG QH VJG CXGTCIG VGORGTCVWTG FWTKPI VJG DCVEJ
2TGU 4GEQTF QHHUGV HQT UVQTCIG QH VJG CXGTCIG RTGUUWTG FWTKPI VJG DCVEJ
&GPU 4GEQTF QHHUGV HQT UVQTCIG QH VJG CXGTCIG FGPUKV[ FWTKPI VJG DCVEJ
2TGUGV 4GEQTF QHHUGV HQT UVQTCIG QH VJG 2TGUGV XCNWG HQT VJG DCVEJ
)TQUU 4GQETF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF ITQUU SWCPVKV[ HQT VJG DCVEJ
5VF 4GEQTF QHHUGV HQT UVQTCIG QH JVG CEEWOWNCVGF UVCPFCTF SWCPVKV[ HQT VJG DCVEJ
%QOR ITQUU 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCGF ITQUU SWCPVKVKGU QH GCEJ EQORQPGPV KP VJG
DCVEJ
%QOR UVF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF UVCPFCTF SWCPVKV[U QH GCEJ EQORQPGPV KP
VJG DCVEJ
%QOR VGOR 4GGEQTF QHHUGV HQT UVQTCIG QH VJG CXGTCIG VGORGTCVWTG QH GCEJ EQORQPGPV KP VJG DCVEJ
%QOR FGPU 4GEQTF QHHUGV HQT UVQTCIG QH VJG CXGTCIG FGPUKV[ QH GCEJ EQORQPGPV KP VJG DCVEJ
%QOR RTGU 4GEQTFF QHHUGV HQT UVQTCIG QH VJG CXGGTCIG RTGUUWTG QH GCEJ EQORPGPV KP VJG DCVEJ
%QOR 4GEQTF QHHUGV HQT UVQTCIG QH VJG RGTEGPVCIG QH GCEJ EQORQPGPV KP VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
#FF 4GEQTF QHHUGV HQT UVQTCIG QH VJG CEEWOWNCVGF SWCPVKV[P QH CFFKVKXG HQT VJG DCVEJ
1R OQFG 4GEQTF QHHUGV HQT UVQTCIG QH VJG QRGTCVKQP OQFG FWTKPI VJG DCVEJ
%%( 4GEQTF QHHUGV HQT UVQTCIG QH VJG EQODKPGF EQTTGEVKQP HCEVQT FWTKPI VJG DCVEJ
#NCTOU
5VQTCIG CNCTO CEVKQP #EVKQP KP TGURQPUG VQ C OGOQT[ HWNN EQPFKVKQP HQT VTCPUCEVKQP UVQTCIG QT DCVEJ 1HH
UVQTCIG OGOQT[
# 6TCPUCEVKQP6KEMGV2CTCOGVGTU5GVWR
6T UGS 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 6TCPUCEVKQP 5GSWGPEG 0WODGT
4GEKRG PCOG 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 4GEKRG 0COG
5VCTV FCVG 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT 5VCTV 6TCPUCEVKQP &CVG
'PF FCVG 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT 'PF 6TCPUCEVKQP &CVG
)TQUU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT CEEWOWNCVGF ITQUU SWCPVKV[ HQT VJG VTCPUCEVKQP
5VF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT CEEWOWNCVGF UVCPFCTF SWCPVKV[ HQT VJG VTCPUCEVKQP
6GOR 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT CXGTCIG VGORGTCVWTG HQT VJG VTCPUCEVKQP
2TGU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT CXGTCIG RTGUUWTG HQT VJG VTCPUCEVKQP
&GPU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT CXGTCIG RTGUUWTG HQT VJG VTCPUCEVKQP
5VCTV ITQUU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG ITQUU VQVCNK\GT TGCFKPI CV UVCTV QH VTCPUCEVKQP
5VCTV UVF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJ UVF VQVCNK\GT TGCFKPI V UVCTV QH VTCPUCEVKQP
'PF ITQUU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG ITQUU VQVCNK\GT TGCFKPI CV GPF QH VTCPUCEVKQP
'PF UVF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG UVF VQVCNK\GT TGCFKPI CV GPF QH VTCPUCEVKQP
#NCTO DKV OCR 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CNCTO DKV OCR
6GOR CNCTO 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 6GORGTCVWTG CNCTO
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG VQVCN #FFKVKXG SWCPVKV[ HQT VJG VTCPUCEVKQP
1R OQFG 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 1RGTCVKQP /QFG FWTKPI VJG VTCPUCEVKQP
)TQUU WPKVU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 1RGTCVKQP /QFG FWTKPI VJG VTCPUCEVKQP
5VF WPKVU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 1RGTCVKQP /QFG FWTKPI VJG VTCPUCEVKQP
#FFT 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 7PKV #FFTGUU FWTKPI DCVEJ
$C UGS 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG $CVEJ 5GSWGPEG 0WODGT
6T UGS 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 6TCPUCEVKQP 5GSWGPEG 0WODGT
6GOR 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CXGTCIG VGORGTCVWTG FWTKPI VJG DCVEJ
2TGU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CXGTCIG RTGUUWTG FWTKPI VJG DCVEJ
&GPU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CXGTCIG FGPUKV[ FWTKPI VJG DCVEJ
2TGUGV 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG DCVEJ 2TGUGV SWCPVKV[
)TQUU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG DCVEJ ITQUU SWCPVKV[
5VF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG DCVEJ UVCPFCTF SWCPVKV[
%QOR ITQUU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG EQORQPGPV ITQUU SWCPVKVKGU HQT VJG DCVEJ
%QOR UVF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG EQORQPGPV UVCPFCTF SWCPVKVKGU HQT VJG DCVEJ
%QOR VGOR 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CXGTCIG VGORGTCVWTGU QH VJG EQORQPGPVU HQT VJG
DCVEJ
%QOR FGPU 6TCPUCEVKQP VKEMGV EQQTFKPCVKQPU HQT VJG CXGTCIG FGPUKV[ QH VJG EQORQPGPVU HQT VJG
DCVEJ
%QOR RTGU 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG CXGTCIG RTGUUWTG QH VJG EQORQPGPVU HQT VJG
DCVEJ
%QOR 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG EQORQPGPV RGTEGPVCIGU HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
#FF 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG #FFKVKXG SWCPVKV[ HQT VJG DCVEJ
1R OQFG 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG 1RGTCVKQP /QFG FWTKPI VJG DCVEJ
%%( 6TCPUCEVKQP VKEMGV EQQTFKPCVGU HQT VJG %QODKPGF %QTTGEVKQP (CEVQT FWTKPI VJG DCVEJ
# #NCTO2CTCOGVGTU5GVWR
5GEQPFCT[ CNCTO TGUGV U 6KOG RGTKQF VQ CNNQY C UGEQPFCT[ CNCTO VQ DG CEVKXG DGHQTG KV KU TGUGV CWVQOCVKECNN[
/KPKOWO HNQY TCVG 5GVRQKPV HQT (NQY TCVG VQQ NQY OGVGT Z CNCTO VTKIIGT
.QY HNQY VKOG U 6KOG CNNQYGF CV HNQY NGUU VJCP UGVRQKPV DGHQTG VTKIIGTKPI CNCTO
.QY HNQY CNCTO CEVKQP 4GURQPUG VQ NQY HNQY CNCTO 2TKOCT[
/CZKOWO HNQY TCVG 5GVRQKPV HQT (NQY TCVG VQQ JKIJ OGVGT Z CNCTO VTKIIGT
*KIJ HNQY VKOG U 6KOG CNNQYGF CV HNQY ITGCVGT VJCP UGVRQKPV DGHQTG VTKIIGTKPI CNCTO
*KIJ HNQY CNCTO CEVKQP 4GURQPUG VQ JKIJ HNQY CNCTO 2TKOCT[
1XGTTWP NKOKV SV[ 5GVRQKPV HQT 7PCDNG VQ ENQUG XCNXG OGVGT Z CNCTO VTKIIGT 24+/#4;
7PFGTHNQY NKOKV SV[ 5GVRQKPV HQT 8CNXG ENQUGF GCTN[ OGVGT Z CNCTO VTKIIGT
0Q HNQY VQ VKOG U 5GVRQKPV HQT 6KOGFQWV PQ HNQY FGVGEVGF OGVGT Z CNCTO VTKIIGT
0Q HNQY VQ CNCTO CEVKQP 4GURQPUG VQ PQ HNQY VKOGQWV CNCTO 2TKOCT[
7PCWVJQTK\GF HNQY NKOKV SV[ 5GVRQKPV HQT 7PCWVJQTK\GF HNQY GZEGGFU NKOKV OGVGT Z CNCTO VTKIIGT 24+/#4;
'TTQT NKOKV RWNUGU 5GVRQKPV HQT 2WNUG UGEWTKV[ GTTQT OGVGT Z CNCTO VTKIIGT 24+/#4;
4GUGV EQWPV RWNUGU 2WNUG GTTQT CEEWOWNCVKQP DGHQTG 4'5'6 EQWPVGT KU KUUWGF
&CVC NQIIKPI CNCTO CEVKQP 4GURQPUG VQ &CVC NQIIKPI OGOQT[ HWNN CNCTO +PHQ
6KOGQWV EJ # U 5GV VKOG QWV KP UGEQPFU HQT %QOOU HCKNWTG EJCPPGN #
6KOGQWV EJ $ U 5GV VKOG QWV KP UGEQPFU HQT %QOOU HCKNWTG EJCPPGN $
/KPKOWO VGORGTCVWTG .QY UGVRQKPV HQT 6GORGTCVWTG HCKNWTG OGVGT Z CNCTO VTKIIGT
/CZKOWO VGORGTCVWTG *KIJ UGVRQKPV HQT 6GORGTCVWTG HCKNWTG OGVGT Z CNCTO VTKIIGT
6GOR HCKN CNCTO CEVKQP 4GURQPUG VQ VGORGTCVWTG HCKNWTG CNCTO 2TKOCT[
/KPKOWO FGPUKV[ITCXKV[ .QY UGVRQKPV HQT &GPUKV[ HCKNWTG EQORQPGPV Z CNCTO VTKIIGT
/CZKOWO FGPUKV[ITCXKV[ *KIJ UGVRQKPV HQT &GPUKV[ HCKNWTG EQORQPGPV Z CNCTO VTKIIGT
&GPUKV[ HCKN CNCTO CEVKQP 4GURQPUG VQ FGPUKV[ HCKNWTG CNCTO 2TKOCT[
/KPKOWO RTGUUWTG .QY UGVRQKPV HQT 2TGUUWTG HCKNWTG OGVGT Z CNCTO VTKIIGT 24+/#4;
/CZKOWO RTGUUWTG *KIJ UGVRQKPV HQT 2TGUUWTG HCKNWTG OGVGT Z CNCTO VTKIIGT
#FFKVKXG GTTQT NKOKV 5GVRQKPV HQT #FFKVKXG Z HCKNWTG CNCTO VTKIIGT 24+/#4;
#FFKVKXG HGGFDCEM EQWPV 'ZRGEVGF PWODGT QH HGGFDCEM RWNUGU RGT CFFKVKXG TCVKQ E[ENG
$NQEM XCNXG VKOG U 5GVRQKPV HQT 7PCDNG VQ ENQUG DNQEM XCNXG Z CNCTO VTKIIGT
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
)TQWPF FGVGEVQT QRGP %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 2TKOCT[
1XGTURKNN FGVGEVQT QRGP %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
2GTOKUUKXG RQYGT HCKNWTG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
#FFKVKXG KPLGEVKQP HCKNWTG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
#TO FQYP UKFG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV V[RG 'PCDNG FKUCDNG FGHKPG UYKPICTO UKFG EJGEMKPI HQT VJKU EKTEWKV
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
#TO FQYP UKFG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV V[RG 'PCDNG FKUCDNG FGHKPG UYKPICTO UKFG EJGEMKPI HQT VJKU EKTEWKV
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
9CNMYC[ FQYP UKFG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV V[RG 'PCDNG FKUCDNG FGHKPG UYKPICTO UKFG EJGEMKPI HQT VJKU EKTEWKV
%KTEWKV CNCTO CEVKQP 4GURQPUG VQ 647' KPRWV VQ 5CHGV[ EKTEWKV 5GEQPFCT[
9CNMYC[ FQYP UKFG %QPHKIWTCDNG OGUUCIG HQT 5CHGV[ EKTEWKV CU KPFKECVGF
%KTEWKV V[RG 'PCDNG FKUCDNG FGHKPG UYKPICTO UKFG EJGEMKPI HQT VJKU EKTEWKV
#NCTO QR OCUM 'PCDNG CNCTOU VQ QWVRWV DKV OCUM
46& #NRJC 5GV VJG CNRJC XCNWG HQT VGORGTCVWTG ECNEWNCVKQPU
..EPV 5GV #& XCNWG HQT .QY EJCPPGN .QY ECNKDTCVKQP RQKPV HQT O# KPRWV
.* EPV 5GV #& XCNWG HQT .QY EJCPPGN *KIJ ECNKDTCVKQP RQKPV HQT O# KPRWV
*. EPV 5GV #& XCNWG HQT *KIJ EJCPPGN .QY ECNKDTCVKQP RQKPV HQT O# KPRWV
** EPV 5GV #& XCNWG HQT *KIJ EJCPPGN *KIJ ECNKDTCVKQP RQKPV HQT O# KPRWV
.. EPV 5GV #& XCNWG HQT .QY EJCPPGN .QY ECNKDTCVKQP RQKPV HQT 46& KPRWV
.* EPV 5GV #& XCNWG HQT .QY EJCPPGN *KIJ ECNKDTCVKQP RQKPV HQT 46& KPRWV
*. EPV 5GV #& XCNWG HQT *KIJ EJCPPGN .QY ECNKDTCVKQP RQKPV HQT 46& KPRWV
** EPV 5GV #& XCNWG HQT *KIJ EJCPPGN *KIJ ECNKDTCVKQP RQKPV HQT 46& KPRWV
6JKURCIGKPVGPVKQPCNN[NGHVDNCPM
%QPHKIWTCVKQP4GEQTF
%QPHKIWTCVKQP4GEQTFHQTC
&CP.QCF+PUVCNNCVKQP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
6JG VCDNG QP VJG HQNNQYKPI RCIGU KU KPVGPFGF VQ RTQXKFG CP GCU[ OGVJQF HQT FQEWOGPVKPI VJG
EWTTGPVEQPHKIWTCVKQPQHC&CP.QCF2TGUGV6JGVCDNGEQPVCKPUCPWOGTKECNUGSWGPVKCNNKUV
QHCNNRTQITCOEQFGU6JGVCDNGECPDGRJQVQEQRKGFCPFVJGEWTTGPVXCNWGQTUGNGEVKQPHQTGCEJ
RCTCOGVGTECPDGOCPWCNN[GPVGTGF
/CPWCNN[GPVGTVJG.QECVKQPVJG7PKV+&CPFVJG&CVG
'PVGTVJG2TQITCO/QFGCPFUETQNNVJTQWIJQTUGNGEVVJGRTQITCOEQFGUQHKPVGTGUV/CPWCNN[
GPVGTVJGKPFKECVGFXCNWGQTUGNGEVKQPQHGCEJRTQITCOEQFGKPVJG8CNWG5GNGEVKQPEQNWOP
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
.QECVKQP7PKV+&&CVG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
5WRGTXKUQTRTKXKNGIG
75'4
2CUUEQFG
7UGT+&
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA %QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
70+62#4#/'6'452#)'
1RGTCVKPIOQFG
7PKVV[RG
8CNXGV[RG
.CPIWCIG
2TQFWEV7PKVU
70+62#4#/'6'452#)'
0WODGTQHFCVCKVGOU
'PVGTFCVCKVGO
'PVGTFCVCKVGO
'PVGTFCVCKVGO
'PVGTFCVCKVGO
'PVGTFCVCKVGO
70+62#4#/'6'452#)'
2TQORVVKOGQWV U
%JGEMFKURNC[
&CVGHQTOCV
&CVGUGRCTCVQT
&GEKOCNUGRCTCVQT
&KURNC[FCVCTCVG
70+62#4#/'6'452#)'
6TCPUCEVKQP
$CVEJ
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
8#.8'2#4#/'6'45
0WODGTQHXCNXGU
+PKVKCNHNQYVKOG U
/'6'42#4#/'6'45
0WODGTQHOGVGTU
/'6'42#4#/'6'45
/GVGT+&
8CNXGVQDGEQPVTQNNGF
/'6'42#4#/'6'45
/GVGT+&
8CNXGVQDGEQPVTQNNGF
/'6'42#4#/'6'45
/GVGT+&
8CNXGVQDGEQPVTQNNGF
/'6'42#4#/'6'45
/GVGT+&
8CNXGVQDGEQPVTQNNGF
%1/210'062#4#/'6'45
0WODGTQHEQORQPGPVU
%1/210'06
%QORQPGPV+&
/GVGT
/CUUCFLWUVOGPV
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA %QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
&'.+8'4;2#4#/'6'45
/CZKOWORTGUGVSV[
/KPKOWORTGUGVSV[
2TGUGVFGNKXGT[V[RG
&GNKXGT[FKURNC[V[RG
5VQRMG[CEVKQP
(CNNDCEMSV[
%1/2&'.+8'4;2#4#/'6'45
.QYHNQYUVCTVSV[
.QYHNQYTGUVCTVSV[
.QYHNQYUVQRSV[
.KPGRCEMFGNC[ U
2WORUVQRFGNC[ U
$NQEMXCNXGFGNC[ U
%1/2&'.+8'4;2#4#/'6'45
.QYHNQYUVCTVSV[
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%1/2&'.+8'4;2#4#/'6'45
.QYHNQYUVCTVSV[
.QYHNQYTGUVCTVSV[
.QYHNQYUVQRSV[
.KPGRCEMFGNC[ U
2WORUVQRFGNC[ U
$NQEMXCNXGFGNC[ U
%1/2&'.+8'4;2#4#/'6'45
.QYHNQYUVCTVSV[
.QYHNQYTGUVCTVSV[
.QYHNQYUVQRSV[
.KPGRCEMFGNC[ U
2WORUVQRFGNC[ U
$NQEMXCNXGFGNC[ U
&'.+8'4;2#4#/'6'45 EQPVKPWGF
4CORENKEMU
/CKPVGPCPEGENKEMU
#FFKVKXGRWORUVQR U
2TKOCT[EQORQPGPV
&+)+6#.8#.8'2#4#/'6'45
.QYHNQYGTTQT
*KIJHNQYGTTQT
/CKPVENKEMCFLWUVOGPV U
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA %QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
27.5'2'470+61762765
0WODGTQHRWNUGRGTWPKVQWVRWVU
27.5'2'470+6176276
%QPVTQNOGVGTU
(CEVQT
2WNUGYKFVJ OU
27.5'2'470+6176276
%QPVTQNOGVGTU
(CEVQT
2WNUGYKFVJ OU
#&&+6+8'2#4#/'6'45
0WODGTQHCFFKVKXGU
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
#&&+6+8'2#4#/'6'45
%QPVTQNOGVGTU
4CVKQSV[
+PLGEVKQPOGVJQF
8QNWOGRWNUGQT-HCEVQT
#FFKVKXGRGT
#&&+6+8'2#4#/'6'45
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA %QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
/'6'4(#%6145
0WODGTQHHCEVQTUEQORQPGPV
/GVGTHCEVQTOGVJQF
%1/210'06(#%6145
0QOKPCN-HCEVQT
/CUVGTOGVGTHCEVQT
5VQRTCVG
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
/NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%6145
0QOKPCN-HCEVQT
/CUVGTOGVGTHCEVQT
5VQRTCVG
%1/210'06(#%614
(NQYTCVG
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA%QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
%1/210'06(#%6145
0QOKPCN-HCEVQT
/CUVGTOGVGTHCEVQT
5VQRTCVG
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
%1/210'06(#%614
(NQYTCVG
/GVGTHCEVQT
/(8#.++10
/CUVGT/(
%QPHKIWTCVKQP4GEQTFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA #RRGPFKZ$
&CP.QCF X AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
)TQUUWPKVUOPGOQPKE
5VFWPKVUOPGOQPKE
7UGTGUVCTVSV[
#.#4/2#4#/'6'452#)'
5GEQPFCT[CNCTOTGUGV U
#.#4/2#4#/'6'452#)'
.QYHNQYCNCTOCEVKQP
/KPKOWOHNQYTCVG
.QYHNQYVKOG U
*KIJHNQYCNCTOCEVKQP
/CZKOWOHNQYTCVG
*KIJHNQYVKOG U
#.#4/2#4#/'6'452#)'
1XGTTWPNKOKVSV[
7PFGTHNQYCNCTOCEVKQP
7PFGTHNQYNKOKVSV[
0QHNQYVQCNCTOCEVKQP
0QHNQYVQVKOG U
7PCWVJHNQYSV[
#.#4/2#4#/'6'452#)'
'TTQTNKOKV RWNUGU
4GUGVEQWPV RWNUGU
&CVCNQIIKPICNCTOCEVKQP
6KOGQWVEJ# U
#RRGPFKZ$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA%QPHKIWTCVKQP4GEQTF
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA &CP.QCF X
#.#4/2#4#/'6'452#)'
6GORHCKNCNCTOCEVKQP
/KPKOWOVGORGTCVWTG
/CZKOWOVGORGTCVWTG
&GPUKV[HCKNCNCTOCEVKQP
/KPKOWOFGPUKV[ITCXKV[
/CZKOWOFGPUKV[ITCXKV[
#.#4/2#4#/'6'452#)'
/KPKOWORTGUUWTG
/CZKOWORTGUUWTG
#FFKVKXGGTTQTNKOKV
#FFKVKXGHGGFDCEMEQWPV
$NQEMXCNXGVKOG U
#.#4/2#4#/'6'452#)'
%KTEWKVCNCTOCEVKQP
)TQWPFFGVGEVQTQRGP
%KTEWKVCNCTOCEVKQP
1XGTURKNNFGVGEVQTQRGP
#.#4/2#4#/'6'452#)'
%KTEWKVCNCTOCEVKQP
2GTOKUUKXGRQYGTHCKNWTG
%KTEWKVCNCTOCEVKQP
#FFKVKXGKPLGEVKQPHCKNWTG
#.#4/2#4#/'6'452#)'
%KTEWKVCNCTOCEVKQP
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