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8VEHI MR WIVZMGIW VIPEXIW XS I\TSVXW ERH MQTSVXW SJ WIVZMGIW ERH MRGPYHIW WYGL XLMRKW EW
MRXIVREXMSREP XVERWTSVX XVEZIP JMRERGMEP WIVZMGIW ERH FYWMRIWW WIVZMGIW
'ETMXEP %GGSYRX
8LI GETMXEP EGGSYRX FEPERGI MW QEHI YT SJ TYFPMG WIGXSV JPS[W SJ GETMXEP MRXS ERH SYX SJ
XLI GSYRXV] WYGL EW KSZIVRQIRX PSERW XS SXLIV GSYRXVMIW
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8LI FEPERGI SR XLI JMRERGMEP EGGSYRX MW QEHI YT SJ JPS[W SJ GETMXEP XS ERH JVSQ XLI RSR
KSZIVRQIRX WIGXSV WYGL EW HMVIGX MRZIWXQIRX MR SZIVWIEW JEGMPMXMIW TSVXJSPMS MRZIWXQIRX
MR WLEVIW FSRHW ERH WS SR  ERH WTIGYPEXMZI JPS[W SJ GYVVIRG]  LSX QSRI] 
1SZIQIRXW SR KSZIVRQIRX JSVIMKR GYVVIRG] VIWIVZIW EVI EPWS MRGPYHIH YRHIV XLMW
LIEHMRK
% TVSFPIQ EVMWIW JSV E GSYRXV] W FEPERGI SJ TE]QIRXW [LIR XLI GSYRXV] LEW E HIJMGMX SR
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[LMGL IRNS]W E GSRXMRYEP GYVVIRX EGGSYRX WYVTPYW
8LI TVSFPIQW SJ E HIJMGMX SR XLI GYVVIRX EGGSYRX EVI TVSFEFP] XLI QSVI SFZMSYW XLSYKL
;LIR E GSYRXV] MW GSRXMRYEPP] MR HIJMGMX MX MW MQTSVXMRK QSVI KSSHW ERH WIVZMGIW XLEX MX MW
I\TSVXMRK
8LI XEFPI FIPS[ WYQQEVMWIW XLI QEMR VIEWSRW [L] E GSYRXV] QMKLX FI WYJJIVMRK E
GYVVIRX EGGSYRX HIJMGMX
-RGVIEWIH MQTSVX TIRIXVEXMSR 4SSV I\TSVX TIVJSVQERGI
0S[IV TVSHYGXMSR GSWXW QIER )\TSVXW EVI RSX GSQTIXMXMZIP] TVMGIH ERH WS SZIVWIEW
SZIVWIEW GSQTIXMXSVW GER TVSHYGI HIQERH [MPP JEPP
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3ZIVZEPYEXMSR SJ HSQIWXMG GYVVIRG] 3ZIVZEPYEXMSR SJ HSQIWXMG GYVVIRG] QEOIW I\TSVXW
QEOIW MQTSVXW VIPEXMZIP] GLIETIV VIPEXMZIP] QSVI I\TIRWMZI
XLER HSQIWXMG TVSHYGXW
,MKL MRGSQI IPEWXMGMX] SJ HIQERH JSV 0S[ MRGSQI IPEWXMGMX] SJ HIQERH MR JSVIMKR QEVOIXW WS
MQTSVXW MRGVIEWIW HIQERH JSV HIQERH JSV I\TSVXW SRP] KVS[W WPS[P] HIWTMXI JSVIMKR
MQTSVXW EW REXMSREP MRGSQI KVS[W REXMSREP MRGSQIW KVS[MRK
)UYEPP] E GSYRXV] QMKLX LEZI PS[ I\TSVXW FIGEYWI MXW
S[R HSQIWXMG QEVOIX MW KVS[MRK LIRGI MXW TVSHYGIVW
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XS I\TSVX
2SRTVMGI JIEXYVIW SJ MQTSVXIH 2SRITVMGI JIEXYVIW SJ I\TSVXIH KSSHW IK
KSSHW IK TIVJSVQERGI WIVZMGI TIVJSVQERGI WIVZMGI GEVI [SVWI XLER XLSWI SJ LSQI
GEVI FIXXIV XLER HSQIWXMG KSSHW TVSHYGIH KSSHW MR XEVKIX QEVOIXW
8LI WYKKIWXIHERW[IVW TVSZMHIH SRERH QEHIEZEMPEFPI XLVSYKL XLI -RWXMXYXI W [IFWMXI QE] SRP] FI VIJIVVIH VIPMIHYTSR SV XVIEXIH EW EKYMHIERHWYFWXMXYXI JSV TVSJIWWMSREP
EHZMGI8LI-RWXMXYXIHSIWRSXXEOIER]VIWTSRWMFMPMX]EFSYXXLIEGGYVEG]GSQTPIXIRIWWSVGYVVIRG]SJXLIMRJSVQEXMSRTVSZMHIHMRXLIWYKKIWXIHERW[IVW8LIVIJSVIXLI-RWXMXYXIMW
RSXPMEFPIXSEXXIRHSVVIGIMZIER]GSQQIRXWSFWIVZEXMSRWSVGVMXMGWVIPEXIHXSXLIWYKKIWXIHERW[IVW
 79++)78)( %27;)67 746-2+ %9+978  )<%1-2%8-327  SJ 
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5 F )\GLERKI 6EXIW ERH -RJPEXMSR 6EXIW

-RJPEXMSR XLI XIRHIRG] JSV XLI KIRIVEP PIZIP SJ TVMGIW MR ER IGSRSQ] XS VMWI XLVSYKL
XMQI 8LMW PIEHW XS E JEPP MR XLI TYVGLEWMRK TS[IV SJ MXW GYVVIRG]
-RJPEXMSR SGGYVW [LIR XLI TVMGIW MR E GSYRXV] VMWI ERH MXW KSSHW ERH WIVZMGIW FIGSQI
QSVI I\TIRWMZI 8LI MQTSVXERX JEGXSV EJJIGXMRK I\GLERKI VEXIW MW XLI VIPEXMZI MRJPEXMSR
VEXI SJ XLI GSYRXV] EKEMRWX MXW XVEHMRK TEVXRIVW
E -J XLI GSYRXV] LEW E LMKLIV MRJPEXMSR VEXI XLER MXW XVEHMRK TEVXRIVW MX QIERW XLEX MXW
TVSHYGXW EVI FIGSQMRK QSVI I\TIRWMZI VIPEXMZI XS XLI KSSHW TVSHYGIH F] MXW XVEHMRK
TEVXRIVW
F 8LMW [MPP PIEH XLI HIQERH JSV MXW I\TSVXW XS JEPP ERH XLIVIJSVI XLI HIQERH JSV MXW
GYVVIRG] XS JEPP
' 8LI WYTTP] SJ MXW GYVVIRG] [MPP EPWS MRGVIEWI FIGEYWI HSQIWXMG VIWMHIRXW [MPP [MWL XS
FY] MQTSVXW FIGEYWI XLI] EVI VIPEXMZIP] GLIETIV 8LIVIJSVI XLI] [MPP WIIO XS WYTTP]
HSQIWXMG GYVVIRG] XS SFXEMR XLI JSVIMKR GYVVIRG] XLI] RIIH XS TE] JSV XLI MQTSVXW
H 8LMW [MPP GEYWI E WYVTPYW SJ GYVVIRG] SR XLI JSVI\ QEVOIXW ERH HVMZI MXW TVMGI XLI
I\GLERKI VEXI HS[R
I 8LI HITVIGMEXMSR SJ XLI GYVVIRG] [MPP GSRXMRYI YRXMP XLI VIPEXMZI GSQTIXMXMZIRIWW SJ XLI
HSQIWXMG KSSHW MW XLI WEQI EW XLI JSVIMKR KSSHW
8LMW QIGLERMWQ KMZIW VMWI XS XLI TYVGLEWMRK TS[IV TEVMX] XLISV] SJ I\GLERKI VEXI
HIXIVQMREXMSR 8LMW TVIHMGXW XLEX E GSYRXV] W I\GLERKI VEXI EKEMRWX ERSXLIV GSYRXV] W
GYVVIRG] [MPP HIGPMRI EX XLI VEXI SJ HMJJIVIRGI MR XLIMV VIWTIGXMZI MRJPEXMSR VEXIW

5 E 7YTTP] WMHI IGSRSQMGW GER FI HIJMRIH EW ER ETTVSEGL XS IGSRSQMG TSPMG]QEOMRK [LMGL
EHZSGEXIW QIEWYVIW XS MQTVSZI XLI WYTTP] SJ KSSHW ERH WIVZMGIW IK XLVSYKL
HIVIKYPEXMSR VEXLIV XLER QIEWYVIW XS EJJIGX EKKVIKEXI HIQERH
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E 8LI TVIHSQMRERX PSRKXIVQ MRJPYIRGIW YTSR SYXTYX TVMGIW ERH IQTPS]QIRX EVI XLI
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F 0IJX XS MXWIPJ XLI JVII QEVOIX [MPP EYXSQEXMGEPP] KIRIVEXI XLI LMKLIWX PIZIP SJ REXMSREP
MRGSQI ERH IQTPS]QIRX EZEMPEFPI XS XLI IGSRSQ]
G -RJPI\MFMPMX] MR XLI PEFSYV QEVOIX XLVSYKL XLI I\MWXIRGI SJ XVEHI YRMSRW ERH SXLIV
VIWXVMGXMZI TVEGXMGIW VIXEMR [EKIW EX YRGSQTIXMXMZI LMKL PIZIPW 8LMW GVIEXIW
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H 8LI VEXIW SJ HMVIGX XE\EXMSR LEZI E QENSV MRJPYIRGI YTSR EKKVIKEXI WYTTP] XLVSYKL
XLIMV IJJIGXW YTSR XLI MRGIRXMZI XS [SVO

8LI WYKKIWXIHERW[IVW TVSZMHIH SRERH QEHIEZEMPEFPI XLVSYKL XLI -RWXMXYXI W [IFWMXI QE] SRP] FI VIJIVVIH VIPMIHYTSR SV XVIEXIH EW EKYMHIERHWYFWXMXYXI JSV TVSJIWWMSREP
EHZMGI8LI-RWXMXYXIHSIWRSXXEOIER]VIWTSRWMFMPMX]EFSYXXLIEGGYVEG]GSQTPIXIRIWWSVGYVVIRG]SJXLIMRJSVQEXMSRTVSZMHIHMRXLIWYKKIWXIHERW[IVW8LIVIJSVIXLI-RWXMXYXIMW
RSXPMEFPIXSEXXIRHSVVIGIMZIER]GSQQIRXWSFWIVZEXMSRWSVGVMXMGWVIPEXIHXSXLIWYKKIWXIHERW[IVW
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I 8LIVI MW SRP] E PMQMXIH VSPI JSV KSZIVRQIRX MR XLI IGSRSQMG W]WXIQ (IQERH
QEREKIQIRX GER SRP] MRJPYIRGI SYXTYX ERH IQTPS]QIRX EVXMJMGMEPP] MR XLI WLSVX VYR
[LMPWX MR XLI PSRK VYR GVIEXMRK MRJPEXMSR ERH LEQTIVMRK KVS[XL 7MQMPEVP] WXEXI S[RIH
MRHYWXVMIW EVI PMOIP] XS FI YRGSQTIXMXMZI ERH EGGSVHMRKP] VIWXVMGX EKKVIKEXI WYTTP]
79440= 7-() )'3231-' 430-'-)7
8LI QEMR WYTTP] WMHI TSPMGMIW EVI
E 6IHYGXMSR MR KSZIVRQIRX I\TIRHMXYVI ERH KVIEXIV MRZSPZIQIRX SJ XLI TVMZEXI WIGXSV
MR XLI TVSZMWMSR SJ WIVZMGIW
F 6IHYGXMSR MR XE\IW MR SVHIV XS MRGVIEWI MRGIRXMZIW
G -RGVIEWMRK JPI\MFMPMX] MR XLI PEFSYV QEVOIX F] GYVFMRK XLI TS[IV SJ XVEHI YRMSRW
H -RGVIEWMRK GSQTIXMXMSR XLVSYKL HIVIKYPEXMSR ERH TVMZEXM^EXMSR SJ YXMPMXMIW
I %FSPMXMSR SJ I\GLERKI GSRXVSPW ERH EPPS[MRK XLI JVII QSZIQIRX SJ GETMXEP

5 F *MRERGMEP MRXIVQIHMEVMIW EVI MRWXMXYXMSRW [LMGL GLERRIP JYRHW JVSQ WEZIVW XS FSVVS[IVW
-R HSMRK WS XLI MRXIVQIHMEVMIW TVSZMHI E PMRO FIX[IIR WEZIVW ERH FSVVS[IVW QIERMRK
XLEX MRHMZMHYEP WEZIVW ERH FSVVS[IVW HS RSX LEZI XS QEOI MRHMZMHYEP EVVERKIQIRXW
FIX[IIR XLIQWIPZIW
E )EWI SJ WEZMRK *MRERGMEP MRXIVQIHMEVMIW TVSZMHI SFZMSYW ERH GSRZIRMIRX [E]W MR
[LMGL E WEZIV GER WEZI QSRI] -RWXIEH SJ LEZMRK XS JMRH E WYMXEFPI FSVVS[IV JSV LMW
QSRI] XLI WEZIV GER HITSWMX LMW QSRI] [MXL E JMRERGMEP MRXIVQIHMEV] XLEX SJJIVW E
JMRERGMEP MRWXVYQIRX XS WYMX LMW VIUYMVIQIRXW 7S XLI JMRERGMEP MRXIVQIHMEV] EGXW EW E
GSRHYMX XS GLERRIP JYRHW JVSQ RIX WEZIVW XS RIX FSVVS[IVW PX EPWS TE]W MRXIVIWX SR XLI
WEZMRKW WS XLI WEZIV IEVRW E VIXYVR SR LMW QSRI]
F 4VSZMHI PMUYMHMX] XLI] EVI E VIEH] WSYVGI SJ JYRHW JSV FSVVS[IVW )ZIR [LIR QSRI]
MW MR WLSVX WYTTP] E FSVVS[IV [MPP YWYEPP] JMRH E JMRERGMEP MRXIVQIHMEV] TVITEVIH XS PIRH
WSQI -RXIVQIHMEVMIW EVI ER IJJMGMIRX ERH SJXIR GSWXIJJIGXMZI WSYVGI SJ QSRI] JSV
FSVVS[IVW
G %KKVIKEXMSR 8LI] GER TEGOEKI YT XLI EQSYRXW PIRX F] WEZIVW ERH PIRH SR XS
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PIRHIV [LS MW TVITEVIH XS PIRH XLI EQSYRX LI [ERXW XS FSVVS[ SV IPWI [SYPH RIIH XS
YWI E RYQFIV SJ HMJJIVIRX PIRHIVW MR SVHIV XS VEMWI XLI EQSYRX SJ JYRHW LI [ERXW XS
FSVVS[
H 1EXYVMX] XVERWJSVQEXMSR *MRERGMEP MRXIVQIHMEVMIW FVMHKI XLI KET FIX[IIR XLI [MWL
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TIVMSHW 8LI] HS XLMW F] TVSZMHMRK MRZIWXSVW [MXL JMRERGMEP MRWXVYQIRXW [LMGL EVI PMUYMH
IRSYKL JSV XLI MRZIWXSVW RIIHW ERH F] TVSZMHMRK JYRHW XS FSVVS[IVW MR E HMJJIVIRX PSRKIV
XIVQ JSVQ JSV I\EQTPI QSVXKEKIW 

8LI WYKKIWXIHERW[IVW TVSZMHIH SRERH QEHIEZEMPEFPI XLVSYKL XLI -RWXMXYXI W [IFWMXI QE] SRP] FI VIJIVVIH VIPMIHYTSR SV XVIEXIH EW EKYMHIERHWYFWXMXYXI JSV TVSJIWWMSREP
EHZMGI8LI-RWXMXYXIHSIWRSXXEOIER]VIWTSRWMFMPMX]EFSYXXLIEGGYVEG]GSQTPIXIRIWWSVGYVVIRG]SJXLIMRJSVQEXMSRTVSZMHIHMRXLIWYKKIWXIHERW[IVW8LIVIJSVIXLI-RWXMXYXIMW
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 79++)78)( %27;)67 746-2+ %9+978  )<%1-2%8-327  SJ 
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I 7IGYVMX] 4VSZMHIH XLEX XLI JMRERGMEP MRXIVQIHMEV] MW MXWIPJ JMRERGMEPP] WSYRH XLI
PIRHIV W GETMXEP MW WIGYVI &EH HIFXW [SYPH FI FSVRI F] XLI JMRERGMEP MRXIVQIHMEV] MR MXW
VIPIRHMRK STIVEXMSRW
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MRXIVQIHMEV] GER FSVVS[ JVSQ E RYQFIV SJ HMJJIVIRX WEZIVW ERH XLIR TVSZMHI JYRHW XS XLI
FSVVS[IVW [MXL QMRMQEP VMWO XS ER] WMRKPI WEZIV

5 -RJPEXMSR ERH MXW 'SRWIUYIRGIW

E 6IHMWXVMFYXMSR SJ MRGSQI ERH [IEPXL -RJPEXMSR PIEHW XS E VIHMWXVMFYXMSR SJ
MRGSQI ERH [IEPXL MR [E]W [LMGL QE] FI YRHIWMVEFPI 6IHMWXVMFYXMSR SJ [IEPXL
QMKLX XEOI TPEGI JVSQ WYTTPMIVW XS GYWXSQIVW 8LMW MW FIGEYWI EQSYRXW TE]EFPI
SV VIGIMZEFPI PSWI VIEP ZEPYI [MXL MRJPEXMSR
! F &EPERGI SJ TE]QIRXW IJJIGXW -J E GSYRXV] LEW E LMKLIV VEXI SJ MRJPEXMSR XLER MXW
QENSV XVEHMRK TEVXRIVW MXW I\TSVXW [MPP FIGSQI VIPEXMZIP] I\TIRWMZI ERH MQTSVXW
MRXS MX [MPP FI VIPEXMZIP] GLIET %W E VIWYPX XLI FEPERGI SJ XVEHI [MPP WYJJIV
EJJIGXMRK IQTPS]QIRX MR I\TSVXMRK MRHYWXVMIW ERH MR MRHYWXVMIW TVSHYGMRK MQTSVX
WYFWXMXYXIW )ZIRXYEPP] XLI I\GLERKI VEXI [MPP FI EJJIGXIH XLI TYVGLEWMRK TS[IV
TEVMX] IJJIGX 
! G 9RGIVXEMRX] SJ XLI ZEPYI SJ QSRI] ERH TVMGIW -J XLI VEXI SJ MRJPEXMSR MW
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%W E VIWYPX RS SRI LEW GIVXEMR ORS[PIHKI SJ XLI ZEPYI SJ QSRI] SV SJ XLI VIEP
QIERMRK SJ TVMGIW % *YVXLIV TVSFPIQ MW XLEX SRGI XLI VEXI SJ MRJPEXMSR LEW FIKYR
XS MRGVIEWI E WIVMSYW HERKIV SJ I\TIGXEXMSREP MRJPEXMSR [MPP SGGYV 8LMW QIERW
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TIVWMWXIRX SV RSX XLIVI [MPP FI E TIVGITXMSR SJ [LEX MRJPEXMSR MW PMOIP] XS FI ERH
WS XS TVSXIGX JYXYVI MRGSQI [EKIW ERH TVMGIW [MPP FI VEMWIH F] XLI I\TIGXIH
EQSYRX SJ JYXYVI MRJPEXMSR 8LMW GER PIEH XS XLI ZMGMSYW GMVGPI ORS[R EW XLI [EKI
TVMGI WTMVEP MR [LMGL MRJPEXMSR FIGSQIW E VIPEXMZIP] TIVQERIRX JIEXYVI FIGEYWI
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! I 'SRWYQIV FILEZMSYV 4ISTPI QE] WXSGOTMPI KSSHW JIEVMRK TVMGI MRGVIEWIW
PEXIV 8LMW GSYPH GVIEXI WLSVXEKIW JSV SXLIV TISTPI [LS LEZIR X EPVIEH]
WXSGOTMPIH XLIQWIPZIW

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 79++)78)( %27;)67 746-2+ %9+978  )<%1-2%8-327  SJ 
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! 'EYWIW SJ -RJPEXMSR
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! M (IQERH 4YPP -RJPEXMSR
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