-NKMRm#HDT[F
2TQITCOOGVUNWVVGTWFGPCVFGCPFTGRTQITCOOGTNWMMGU
&WMCPQIUmIGPUVCTVG(KPFGTHTCFGPPGFKCNQI
5VCTVFGTGHVGT/CE$QQM#KTKIGPHQTCVUKMTGFKICVRTQDNGOGVGTNUV
*XKURTQDNGOGVQRUVmTVKVUMCNFWXNIG*LNR *LNREGPVGTRmOGPWNKPLGPXGTUV
RmUMTOGP5IGHVGTQTFGV¥HT[UG¦HQTCVUGJXCFFWMCPITGPmTU[UVGOGVHT[UGTHCUV
GNNGTKMMGTGCIGTGT
*XKURTQDNGOGVMWPQRUVmTXGFDTWICHGVDGUVGOVRTQITCOUMCNFWURTIG
HQTJCPFNGTGPQORTQITCOOGVMCPDTWIGUOGF/CE$QQM#KT$GUIYGDUVGFGV
YYYCRRNGEQOFMFQYPNQCFUHQTCVHmQRN[UPKPIGTQOFGPUQHVYCTGFGTHWNIVG
OGF/CE$QQM#KT
*XKUFWXGFCVGVRTQITCOGTMQORCVKDGNVUMCNFWGXVIGPKPUVCNNGTGFGV
-CRKVGN
2TQDNGO!(KPFGPNUPKPI
*XKU/CE$QQM#KTHT[UGTHCUVWPFGTUVCTVGNNGTFGTXKUGUGVU[ODQNOGFGVDNKPMGPFG
URTIUOmNUVGIPGNNGTUMTOGPGTOTM
&GVDNKPMGPFGURTIUOmNUVGIPDGV[FGTCV/CE$QQM#KTKMMGMCP°PFGU[UVGOUQHVYCTG
RmFGVKPVGTPG±CUJNCIGTGNNGTFGGMUVGTPGFKUMGFGTGTVKNUNWVVGV
8GPVPQINGUGMWPFGT*XKU/CE$QQM#KTUVCFKIKMMGUVCTVGTUMCNFWNWMMGFGPPGFXGF
CVJQNFGCHDT[FGTMPCRRGP
®PGFGKVKNUGMWPFGT#HOQPVGTCNNG[FTGGPJGFGT
QIRTXCVUVCTVGKIGPXGFCVVT[MMGRmCHDT[FGTMPCRRGP
®OGPUFWJQNFGT
#NVGTPCVKXVCUVGPPGFG0mT/CE$QQM#KTUVCTVGTUMCNFWMNKMMGRmU[ODQNGVHQTFGV
KPVGTPG±CUJNCIGTQIFGTRmMNKMMGRmJLTGRKNGP0mTFGPGTUVCTVGVUMCNFWmDPG
5[UVGOKPFUVKNNKPIGTQIMNKMMGRm5VCTVFKUM8NIGPNQMCN/CE15:U[UVGOOCRRG
*XKU/CE$QQM#KTKMMGVPFGUGNNGTUVCTVGT
2TXCVDTWIGHNIGPFGNUPKPIUHQTUNCIKTMMGHNIGKPFVKN/CE$QQM#KTUVCTVGT
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5TIHQTCVPGVNGFPKPIGPGTUNWVVGVVKN/CE$QQM#KTQIVKNGPUVKMMQPVCMVFGT
XKTMGT$TWIFGP/CI5CHGUVTOHQTU[PKPIRm9FGTHWNIVGOGF/CE$QQM#KT
*XKUUVTOHQTU[PKPIGPJQNFGTQROGFCVNGXGTGUVTOQIKPFKMCVQTGPRmUVTO
HQTU[PKPIGPKMMGN[UGTPmTFWUNWVVGTFGPVKNGPUVKMMQPVCMVMCPFWRTXGCVVTMMG
UVKMMGVWFQIUVVGFGVKKIGP
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-QPVTQNNGTQODCVVGTKGVUMCNQRNCFGU*XKUNCORGPRmUVTOHQTU[PKPIGPN[UGTQTCPIG
QRNCFGUDCVVGTKGV5G¦1RNCFGDCVVGTKGV¦RmUKFG
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*XKURTQDNGOGVHQTVUVVGTUMCNFWIGPFCPPG¥RQYGTOCPCIGT¦K/CE$QQM#KT
OGPU
FWDGXCTGTFKPGCTMKXGTXGFCVJQNFGFGPXGPUVTG5MKHVGVCUVXGPUVTG#NVGTPCVKXVCUV
XGPUVTGEVTNVCUVQICHDT[FGTMPCRRGP
®PGFGUCOVKFKIKHGOUGMWPFGTKPFVKN
/CE$QQM#KTIGPUVCTVGT
-CRKVGN
2TQDNGO!(KPFGPNUPKPI
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6T[MRmCHDT[FGTMPCRRGP
®QIJQNFOGFFGVUCOOG-QOOCPFQVCUVGP
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#NVGTPCVKXVCUVGP2QI4PGFGUCOVKFKIKPFVKNFWJTGTUVCTVN[FGPCPFGPICPI
2mFGPOmFGPWNUVKNNGTFWRCTCOGVGTJWMQOOGNUGP
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*XKUFWUVCFKIKMMGMCPUVCTVG/CE$QQM#KTMCPFWK¦;FGTNKIGTGQRN[UPKPIGT
UGTXKEGQIUWRRQTV¦RmUKFGNUGJXQTFCPFWMQPVCMVGT#RRNGJXKUFWJCTDGJQX
HQTUGTXKEG
*XKUUMTOGPRNWFUGNKIDNKXGTOTMGNNGT/CE$QQM#KTHT[UGTHCUV
2TXCVIGPUVCTVG/CE$QQM#KT
#HOQPVGTCNNGGPJGFGTFGTGTUNWVVGVVKN/CE$QQM#KTWPFVCIGPUVTOHQTU[PKPIGP
6T[MRmCHDT[FGTMPCRRGP ®HQTCVIGPUVCTVGEQORWVGTGP
1RNCFDCVVGTKGVOKPFUVHTFWUNWVVGTGMUVGTPGGPJGFGTVKNEQORWVGTGPQI
DGI[PFGTCVCTDGLFGKIGP
2mU[ODQNGVHQTDCVVGTKUVCVWU
RmOGPWNKPLGPMCPFWUGJXQTOGIGPURPFKPI
FGTGTRmDCVVGTKGV
5MTOGPMCPQIUmDNKXGOTMGTGJXKUFWJCTXCNIVGPGTIKDGURCTGNUGVKNDCVVGTKGV
*XKU/CE$QQM#KTKMMGMCPQRTGVVGHQTDKPFGNUGVKNGPCPFGPEQORWVGTUQRVKUMGFTGX
*XKUFWXKNDTWIGVLGPGUVGTUQOHGMU1XGTHTUGNUCUUKUVGPV&XFGNNGTEFFGNKPIQI
K6WPGUOWUKMFGNKPIUMCNDmFG/CE$QQM#KTQIFGPCPFGPEQORWVGTJCXGHQTDKPFGNUG
VKNFGVUCOOGPGVXTM*XKU/CE$QQM#KTDTWIGTGPVTmFNUHQTDKPFGNUGQIFGP
CPFGPEQORWVGTGTUNWVVGVVKNGPTQWVGTHTCGPVTGFLGRCTVXKC'VJGTPGVUMCNFWUGK
FQMWOGPVCVKQPGPVKNTQWVGTGPHQTCVUKMTGCVFGPWPFGTUVVVGTDTQHWPMVKQPOGNNGO
GVVTmFNUVPGVXTMQIGVPGVXTMOGFMCDNGT
-CRKVGN
2TQDNGO!(KPFGPNUPKPI
4GRCTGTGIGPFCPPGGNNGTIGPKPUVCNNGTG/CE15:UQHVYCTG
*XKUFGTQRUVmTGVRTQDNGOOGFFKP/CEUQHVYCTGGNNGTJCTFYCTGKPFGJQNFGT/CE
15:HWPMVKQPGTVKNTGRCTCVKQPQIIGPFCPPGNUGUQOMCPNUGRTQDNGOGTPGQIGPFFC
IGPFCPPGUQHVYCTGPUQTKIKPCNGHCDTKMUKPFUVKNNKPIGT&WJCTCFICPIVKNFKUUGHWPMVKQPGT
HTC/CE15:JLNRGRTQITCOOGTUGNXQOEQORWVGTGPKMMGMCPUVCTVGMQTTGMV
$TWI/CE15:JLNRGRTQITCOOGTVKNCV
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