the once and future nerd book 1 - princes of iorden...
Post on 26-Apr-2020
2 Views
Preview:
TRANSCRIPT
7+(�21&(�$1'�)8785(�1(5'%RRN�����35,1&(6�2)�,25'(1
#HAO¯EQ��ź4HE�,AR¯�$NSCHE�$NLICIKEź
!SDINOKA�B�:ACH�'KARR���
#HQIR¯IAM�4��-ADEQA
BARED�NM�¯HE�4EKEOKA�B#HQIR¯IAM�4��-ADEQA
#NOQIGH¯��C�����
H¯¯O���NMCEAMDFS¯SQEMEQD�CNLINQDIC�OQIMCER GLAIK�CNL
4HIQD�$QAF¯���������
352/2*8(
%84��",!#+�-/5.4!).3� �"%&/2%�35.2)3%� �
.N«E�Ÿ4HEŸFNKKNUIMGŸUIKKŸBEŸDNMEŸAKKŸUI«HŸRNSMD�
3«AQ«ŸUI«HŸRNLEŸTEQ©Ÿ,/.%,9Ÿ")2$3/.'�ŸAMDŸ«HEMŸBEGIMŸ$/:%.3Ÿ/&Ÿ#,/3%,9 30!#%$Ÿ#,).+3ŸARŸOIC¬AVERŸHI«ŸR«NMEŸIMŸMEAQŸSMIRNM�
4HIRŸ#,!.+).'ŸQEOEA«RŸ«HQNSGHNS«Ÿ«HEŸRCEME�
3/-%/.%Ÿ).Ÿ!2-/2ŸOA«QNKRŸB©ŸNMŸ(/23%"!#+�Ÿ(NNFR«EORŸLNTEŸRKNUK©ŸFQNLŸNMEŸRIDEŸNFŸNSQŸRNSMDŸFIEKDŸ«NŸ«HEŸN«HEQ�
!RŸ«HEŸHNNFR«EORŸQEACHŸ«HEŸ&!2Ÿ,%&4ŸNFŸNSQŸRNSMDŸFIEKD�Ÿ2!0)$Ÿ&//434%03Ÿ«A¬EŸNFFŸQSMMIMGŸFQNLŸ«HEŸ#%.4%2ŸAMDŸ(%!$Ÿ&!2Ÿ2)'(4�
%,&�6/)#%3«©©LA�
&//434%03ŸCNM«IMSE�
!Ÿ4(25-ŸAMDŸ7()2Ÿ ŸAŸQEOEA«IMGŸCQNRRBNUŸFIQIMGŸAMDŸQEKNADIMGŸI«REKF�Ÿ4HEQE�RŸAŸ0!).%$Ÿ'2/!.�Ÿ4HEŸFNN«R«EORŸ34/0Ÿ3(/24�ŸAMDŸAŸ"/$9Ÿ()43Ÿ4(%Ÿ'2/5.$�
3$57�21(
%84��-9$'99, ,9�94� �%!2,9�!&4%2.//.� �
.!22!4/2-NR¯�FNQER¯R�ELEQGE�GQADSAKK�FQNL�¯HE�RSQQNSMDIMG�KAMDRCAOE��¯HE�7HI¯E�&NQER¯�EQSO¯R�FQNL�¯HE�OKAIMR�KI°E�A�TNKCAMN�FQNL�¯HE�NCEAM��4HE�¯QSM°R�NF�¯HE�7HI¯EUNND�¯QEER�GQNU�RN�CKNRE�¯HA¯�A�HSLAM�CNSKD�BAQEK�FI¯�A�FIMGEQ�BE¯UEEM�¯HEL��4HE�CAQOE¯�NF�QAWNQTIME�UHICH�CNA¯R�AMD�CNMMEC¯R�¯HE�¯QEE�¯QSM°R�R¯NOR�ETEM�¯HA¯�FIMGEQ�FQNL�QEACHIMG�¯HQNSGH��
/TEQ�¯HE�EAQR��¯HE�%KTER�HATE�UNQ°ED�¯N�ACCEM¯SA¯E�¯HE�AOOEAQAMCE�NF�A�UAKK��7HEQE�¯HE�¯QEE�BAQ°�HAR�BEEM�RHATED�NFF��¯HE�RSM�GKIM¯R�A�BKIMDIMG�UHI¯E��%KTEM�AQ¯IR¯R�HATE�RHATED�BEAS¯IFSK�OA¯¯EQMR�AMD�DERIGMR�IM¯N�¯HEIQ�UAKKR��ACCEM¯SA¯ED�B�OKA¯ER�NF�CAQTED�RIKTEQ�AMD�GNKD�
4HE�LAIM�GA¯E������FEE¯�¯AKK�AMD�UIDE�EMNSGH�FNQ����HNQRER�ABQEAR¯��IR�FKAM°ED�B�UA¯CH�¯NUEQR�AMD�OAQAOE¯R��"�DERIGM��¯HE�KAMD�RSQQNSMDIMG�¯HE�FNQER¯�UAKK�IR�°EO¯�BAQQEM��RN�¯HA¯�MN�AOOQNACH�FQNL�AM�DIQEC¯INM�CAM�GN�SMMN¯ICED�
%84��-9$'99, ,!�!4� �#/.4).5/53� �
.!22!4/24HIR�LNQMIMG��A�RLAKK�CAQ¯�BNSMCED�AKNMG�¯HE�QNAD�¯N�¯HE�LAIM�GA¯E��AR�FAR¯�AR�I¯R�NKD�HNQRER�CNSKD�OSKK��4HE�CAQ¯�UAR�RON¯¯ED�A¯�����AQDR�B�AM�%KTIRH�REM¯Q��!¯�HEQ�RIGMAK��A�BNUK RHAOED�LIQQNQ�UAR�¯SQMED�¯NUAQDR�¯HE�RSM��AMD�FKARHED�A�LERRAGE�ACQNRR�¯HE�R°��/¯HEQ�UA¯CH�¯NUEQR�RON¯¯ED�¯HIR�RIGMAK��AMD�QEOEA¯ED�I¯���!�(5.4).'�(/2.�RNSMDED��AMD�ETEQ�AQCHEQ�NM�¯HE�BA¯¯KELEM¯R�MNC°ED�AM�AQQNU�
%84��2/!$�4/�4(%�7()4%�&/2%34� �3)-5,4!.%/53� �
(//6%3Ÿ4(5.$%2Ÿ&52)/53,9
.!22!4/27I¯HIM�¯HE�CAQ¯��"QEMMEM�AMD�*EM�CKSMG�¯N�CNMRCINSRMERR��BS¯�JSR¯�BAQEK��"IKK�ADLIMIR¯EQED�¯N�¯HE�GIQK��AOOKIMG�ICE�¯N�HEQ�UNSMDR�AR�BER¯�HE�CNSKD��UHIKE�.IA�¯EMDED�¯N�¯HE�NKD�°MIGH¯��.EKRNM�AMD�2EGAM�CNSKD�NMK�KNN°�NM�IM�AOOQEHEMRINM�AR�9KKNUM�SQGED�¯HE�HNQRER�NM�
��
*EMŸGARORŸ3(/24�Ÿ0!).%$Ÿ"2%!4(3
"),,9(AMG�NM��*EM�«NŸ9KKNU©©M�
#NLE�NM��7EEMIEŹ�&KNNQ�I¯Ź
.%,3/.4HE�QE�HNQRER��¯HE�DNM�¯�HATE�OEDAKR�
"),,9)¯�R�A�LE¯AOHNQ��CQN¯CH HNKEŹ
.%,3/..N�I¯�IRM�¯�
.)!"N¯H�NF�NS�BE�PSIE¯�AMD�ICE�*EM�R�¯HQNA¯Ź�)�MEED�¯N�FNCSR�
.%,3/.!¯�KEAR¯�¯HE�CAQ¯�IR�HNKDIMG�SO�
2%'!..%,3/.�'/$3�$!--)4Ź�$NM�¯�¯AK°�ABNS¯�EPSIOLEM¯�SM¯IK�¯HE�JNB�IR�DNMEŹ
.!22!4/2!R�IF�NM�CSE��¯HE�QEAQ�AVKE�NF�¯HE�CAQ¯�BEGAM�¯N�#2%!+�AMD�'2/!.�
2%'!.)M�¯HE�NKD�¯ILER�¯HE�SRED�¯N�BEKIETE�IM�UNND�ROQI¯ER��UA¯EQ�ROQI¯ER��UHA¯ETEQ�ROQI¯ER�
4HEŸQSLBKIMGŸGE«RŸ,/5$%2�
2%'!.7HEQE�)�CNLE�FQNL��UE�BEKIETE�IM�FSC° SO NSQ OKAMR�ROQI¯ER��!MD�FSC° SO NSQ�OKAMR�ROQI¯ER�HATE�NME�RACQED��IMTINKABKE�KAU�
4NNŸ,/5$Ÿ«NŸIGMNQEŸMNU�
2%'!.9NS�DN�MN¯�¯AK°�ABNS¯�EPSIOLEM¯�NS�QE�DEOEMDIMG�NM��!MD�IF�NS�BKAROHELE�AGAIMR¯�¯HE�FSC° SO NSQ OKAMR�ROQI¯ER��¯HE�UIKK�&5#+�50�9/52�0,!.3Ź
.!22!4/2)�HATE�LE¯�ROQI¯ER�NF�AKK�RNQ¯R��QITEQ�ROQI¯ER�AMD�UNND�ROQI¯ER��ROQI¯ER�NF�UAQ�AMD�NF�KNTE��ETEM�NME�ROQI¯E�NF�¯EQQIBKE�JN°ER��
�-/2%
��
)¬TE�METEQ�LE¯�A�FSC° SO NSQ OKAMR�ROQI¯E��RN�)�CAMMN¯�.!22!4/2 �CNM¯�D
¯EKK�NS�IF�¯HE�AQE�QEAK�NQ�MN¯��2EGAQDKERR��RNLE�FNQCE�NF�MA¯SQE�REELED�¯N�HNMNQ�2EGAM¬R�ASGSQ��AR�OQECIREK�A¯�¯HA¯�LNLEM¯��¯HE�CAQ¯¬R�AVEK�RHA¯¯EQED�EM¯IQEK�
%TEQ©NMEŸ'25.43ŸARŸ«HE©ŸGE«Ÿ4(2/7.Ÿ«NŸNMEŸRIDEŸNFŸ«HEŸCAQ«�Ÿ4HEQE�RŸAŸ4%22)",%Ÿ#2%!+).'ŸARŸ«HEŸQER«ŸNFŸ«HEŸCAQ«ŸIRŸOSKKEDŸ«NŸAŸBQEA¬IMGŸONIM«�
9,,/799.4HIR�CAQ¯�UNM�¯�LA°E�I¯�¯N�¯HE�GA¯E�
2%'!.)F�UE�¯A°E�"QEMMEM�AMD�*EM�NM�HNQREBAC°��CAM�¯HE�QER¯�NF�NS�HNNF�I¯�¯HE�KAR¯�PSAQ¯EQ�LIKE�
.)!'NŹ�7E�KK�BE�FIME�
).4��!2,%.%�3�"%$#(!-"%23� �!�&%7�(/523�%!2,)%2� �
.!22!4/24HA¯�RALE�LNQMIMG�IM�#AR¯KE�'SEQMA¯AK��!QKEME�AMD�'UEM�KA�HSDDKED�¯NGE¯HEQ�IM�!QKEME¬R�BEDCHALBEQR��HAKF ARKEEO�AMD�QECNTEQIMG�FQNL�¯HE�OQETINSR�MIGH¯¬R�HNQQNQ��!R�IF�RHE�CNSKD�HEAQ�2IC°AQD¬R�RCQEALR�IM�HEQ�DQEAL��'UEMDNKM�AUN°E�RSDDEMK�
'UEMŸ'!303ŸHEQREKFŸAUA¬E�
.!22!4/2&QAM¯ICAKK��!QKEME¬R�QIGH¯�HAMD�GQABBED�¯HE�KA¯E�2IC°AQD�2EDLNNQ¬R�°MIFE��RSQQEO¯I¯INSRK�R¯NUED�SMDEQ�HEQ�OIKKNU�
!2,%.%7HA¯�IR�I¯��!QE�NS�AKK�QIGH¯�
'UEMŸKE«RŸNS«ŸAŸ3)'(ŸNFŸQEKIEF�
'7%.-�KAD�
.!22!4/27I¯H�HEQ�KEF¯�HAMD��!QKEME�R¯QN°ED�HEQ�HAMDLAIDEM¬R�HAIQ��CAKLIMG�HEQ�
!2,%.%(ATE�NS�HAD�A�BAD�DQEAL�
��
.!22!4/2/MK�GQADSAKK�DID�!QKEME¬R�QIGH¯�HAMD�KNNREM�I¯R�GQIO�
'7%.-ABE��#AM�¯�QELELBEQ�
!2,%.%-�ONNQ�'UEM��7HA¯�NS�TE�BEEM�¯HQNSGH��)�L�RN�RNQQ�
.!22!4/2!QKEME�QE¯SQMED�¯HE�°MIFE�¯N�I¯R�HIDIMG�RON¯��AMD�HSGGED�'UEM�CKNRE�¯N�HEQ�
'7%.9NS�°MNU�UE�MEED�¯N�KEATE�HEQE��DNM�¯�NS�
!2,%.%)�UIRH�UE�CNSKD��BS¯�UE�CAM�¯�
'7%.7H�MN¯�
!2,%.%"E�REQINSR��'UEM�
'7%.)�TE�¯HNSGH¯�ABNS¯�I¯�AKK�MIGH¯��4HE�UEDDIMG�IR�NSQ�BER¯�CHAMCE��-ABE�NSQ�NMK�CHAMCE��9NS�°MNU�HNU�NSQ�BQN¯HEQ�R�LEM�KNTE�¯HEIQ�UIME�
!2,%.%9NS�LSR¯�°MNU�MNU�¯HA¯�)�UNSKD�DN�AM¯HIMG�¯N�°EEO�SR�RAFE
'7%. )�°MNU��L�KAD��)�RAU�NS�KAR¯�MIGH¯��)�°MNU�NS�KK�DN�AM¯HIMG�AMD�I¯�FQIGH¯EMR�LE�RN��7HN�°MNUR�UHA¯�NS�KK�MEED�¯N�DN�MEV¯�
!2,%.%"S¯�¯HIR�IR�LADMERR�NS�QE�¯AK°IMG�ABNS¯��!MD�KI°EK�RSICIDE�
'7%.)�TE�REEM�UHA¯�I¯�R�DNME�¯N�NS�¯N�R¯A�HEQE��(NU�IR�I¯�MN¯�LADMERR�¯N�KE¯�¯HA¯�CNM¯IMSE��(NU�IR�I¯�MN¯�RSICIDE�
!2,%.%!F¯EQ�¯NMIGH¯�UE�UIKK�KITE�IM�,NQD�-NNMCQER¯�R�(NSRE�
��
'7%.(ATE�NS�CNMRIDEQED�¯HA¯�NSQ�BQN¯HEQ�LIGH¯�¯Q�¯N�°EEO�LE�HEQE�
!2,%.%)�RUEAQ�¯N�NS��'UEM��)�UNSKD�DIE�BEFNQE�)�KEF¯�NS�¯N�HIL�
'7%.4HA¯�R�UHA¯�)�LEAM��)�DNM�¯�UAM¯�NS�¯N�DIE�FNQ�LE��)�UAM¯�NS�¯N�KITE�FNQ�LE�
!2,%.%9NS�QE�ROEA°IMG�IM�QIDDKER��'UEM�
'7%.)�LA�MN¯�HATE�AKK�¯HE�QIGH¯�UNQDR�L�KAD��BS¯�NS�SMDEQR¯AMD�LE��9NS�DN�
!2,%.%-ABE�KIFE�UIKK�BE�BE¯¯EQ�A¯�(NSRE�-NNMCQER¯�
'7%.7IKK�NS�BE�HAOO�¯HEQE�
!2,%.%)�DNM�¯�°MNU�
'7%.9NS�HATE�¯HE�LNR¯�BEAS¯IFSK�RNSK�)�TE�ETEQ�REEM��L�KAD��!MD�I¯�R�BEEM�R¯AQTED�AMD�R¯QAMGKED�AKK�NSQ�KIFE�
.!22!4/2'UEM�OS¯�HEQ�HAMD�NTEQ�HEQ�KAD¬R�HEAQ¯�
'7%.)�CAM�HEAQ�I¯�CQIMG�NS¯�FNQ�HEKO��#AM�¯�NS�
!2,%.%9ER�
'7%.-�KAD��KNN°�IM�L�EER�AMD�¯EKK�LE�UHA¯�NS�¯HIM°�NSQ�KIFE�UIKK�BE�KI°E�A¯�(NSRE�-NNMCQER¯�
.!22!4/27I¯H�A�DEEO��AKLNR¯�DE¯EQLIMED�RADMERR��!QKEME�LE¯�'UEM¬R�GAWE�
!2,%.%,NQD�-NNMCQER¯�HAR�RHNUM�LE�GQEA¯�°IMDMERR�¯HSR�FAQ�
��
.!22!4/2"EHIMD�'UEM�R�EER��HEQ�HEAQ¯�DQNOOED��BS¯�RHE�DIDM�¯�KNN°�DNUM�
!2,%.%"S¯��)�DN�MN¯�°MNU�¯HE�LAM�
.!22!4/2)¯�UAR�!QKEME�UHN�KNN°ED�DNUM�
!2,%.%)�DNM�¯�°MNU�HIR�LN¯ITER�NQ�DERIQER��)�UNSKD�MEED�¯N�¯QSR¯�HIL�
'7%.!MD�IF�NS�¯EKK�LE�NS�DN��)�UIKK�FNKKNU�NS�¯N�HIR�HNSRE��AMD�REQTE�NS�DS¯IFSKK�¯HE�QER¯�NF�L�DAR��"S¯�)�DNM�¯�¯HIM°�NS�UIKK�RA�¯HA¯�
!2,%.%'AKADNM�HEKO�LE��'UEM��)�DNM�¯�¯HIM°�)�CAM�¯QSR¯�AMNME�AMLNQE��3ATE�FNQ�NS�
'7%.4HEM�CNLE�AUA�UI¯H�LE�
!2,%.%!MD�AF¯EQ�UE�KEF¯��(NU�UNSKD�UE�EA¯��3EKK�AKK�¯HE�JEUEKQ�UE�CAM�CAQQ�NS¯�NF�HEQE��4HA¯�UIKK�KAR¯�SR�LABE�A�EAQ�NQ�¯UN�
'7%.4HA¯�R�KNMGEQ�¯HAM�UE�TE�ETEQ�HAD�
!2,%.%4HA¯�R�ARRSLIMG�UE�AQEM�¯�LSQDEQED�AMD�QNBBED��!MD�AF¯EQ�¯HE�JEUEKQ�QSMR�NS¯��¯HEM�UHA¯��$NM¬¯�NS�¯HIM°�)�CNMRIDEQED�¯HIR�ETEQ�DA�NF�L�NS¯H��$NM¬¯�NS�¯HIM°�)�¯HNSGH¯�©¯NLNQQNU¬R�¯HE�DA�)�QSM�AUAª�LNQE�¯ILER�¯HAM�)�CAM�CNSM¯�
'7%.4HEM�UH�DIDM¬¯�NS�
!2,%.%)�GQEU�SO��'UEM�
'7%..N��L¬KAD��9NS�UAR�JSR¯�BEA¯EM�DNUM��4HA¯¬R�DIFFEQEM¯�
!2,%.%)¬L�UIRE�EMNSGH�¯N�°MNU�UHICH�FEEKIMGR�¯HEQE¬R�MN�REMRE�IM�ROEA°IMG�
��
'7%.4HEQE¬R�AKUAR�REMRE�IM�GITIMG�NSQ�HEAQ¯R�A�TNICE��%TEM�IF�I¯¬R�JSR¯�¯N�NSQREKTER��0KEARE��L¬KAD��%ROECIAKK�¯NDA��KE¯¬R�MN¯�OQE¯EMD�ABNS¯�AM¯HIMG�
!2,%.%4HEQE¬R�RSCH�¯EQQIBKE�AMGEQ�IM�LE�'UEM��"S¯�I¯¬R�HNOEKERR�AMGEQ��4HEQE¬R�MN¯HIMG�NS¯�¯HEQE�FNQ�LE��.N�UA�FNQ�A�,AD�¯N�RSQTITE�EVCEO¯�¯N�CNM¯IMSE�BEIMG�A�,AD��.N¯HIMG�¯N�REKK�BS¯�HEQREKF�
'7%.)�UNSKD�METEQ�KE¯�NS�REKK�NSQREKF�
!2,%.%.N¯�KI°E�¯HA¯��"S¯�UHEM�AKK�R�ACCNSM¯ED�FNQ��UHA¯�R�¯HE�DIFFEQEMCE��4HA¯�A�UHNQE�CAM�BE�FQEE�NF�A�LAM�CNLE�LNQMIMG��!�,AD�R�HSRBAMD�IR�RSOONRED�¯N�FEED�HEQ��CKN¯HE�HEQ��RHEK¯EQ�HEQ��!MD�IM�EVCHAMGE�RHE�GITER�HIL�HEQ�BND��HEQ�CHIKDQEM���AMD�RHE�R�MALED�A�RHQEU�IF�RHE�DNERM�¯�GITE�HIL�HEQ�HEAQ¯�AMD�LIMD�AR�UEKK�
'7%.'NND�LAM�NQ�MN¯��¯HA¯�R�UHA¯�KK�BE�AR°ED�NF�NS�A¯�(NSRE�-NNMCQER¯��9NS�°MNU�¯HA¯�
!2,%.%!MUHEQE�UE�GN��'UEM��UE�KK�BE�A¯�¯HE�LEQC�NF�NME�LAM�NQ�AMN¯HEQ�¯N�RSQTITE�
'7%.3SQTITIMG¬R�MN¯�¯HE�RALE�AR�KITIMG�
!2,%.%4HIR�IR�A�UNQKD�NF�LEM��4HE�CHAQ¯�¯HE�CNSQRE�NF�AKK�KITER�
'7%.4HEM�KE¯�LE�BE�NSQ�LAM�
!2,%.%7HA¯�DNER�¯HA¯�ETEM�LEAM��'UEM�
'7%.)�CAM�DN�AM¯HIMG�FNQ�NS�¯HA¯�A�LAM�CAM�
!2,%.%9NS�CAM�¯�HNKD�KAMDR�SMKERR�NS�IMHEQI¯�¯HEL��$N�NS�HATE�AM�MNBKE�°IM�NS�TE�MEGKEC¯ED�¯N�¯EKK�LE�ABNS¯�
'7%.)�CAM�UNQ°��)�TE�BEEM�UNQ°IMG�FNQ�NS�¯HERE�KAR¯�¯EM�EAQR��DNME�AKLNR¯�AM�JNB�NS�CAM�MALE��
�-/2%
��
!MD�)�CAM�KEAQM�AM�N¯HEQR��)�TE�HEAQD�IM�¯HE�CI¯IER�'7%. �CNM¯�D
UNLEM�CAM�LA°E�A�KITIMG�AR�GAQBAGE�CNKKEC¯NQRŹ
!2,%.%'AQBAGE�CNKKEC¯NQR��'UEM��(ATE�NS�FNQGN¯¯EM�¯HA¯�NSQ�OAQEM¯R�REM¯�NS�NS¯�NF�¯HEIQ�HNLE�¯N�SR��4HA¯�¯HE�UNSKD�QA¯HEQ�KNRE�¯HEIQ�DASGH¯EQ�¯HAM�REE�HEQ�KITE�¯HE�KIFE�NF�A�UNQ°EQ�NS¯�¯HEQE�
'7%..N�)�L�RSQE�)�TE�METEQ�FNQGN¯¯EM�¯HA¯��L�KAD��!MD�BEFNQE�NS�RA�I¯��)�HATEM�¯�FNQGN¯¯EM�UHA¯�¯HA¯�KIFE�IR�KI°E�MEI¯HEQ��"S¯�¯HA¯�UAR�BEFNQE�)�°MEU�NS�
!2,%.%9NS�°MNU�HNU�)�FEEK�ABNS¯�NS��'UEM�
'7%.$N�)��/Q�DN�UE�HIDE�FQNL�EACH�N¯HEQ�BEHIMD�OQNOEQ�UNQDR��FNQ�FEAQ�NF�¯HE�BAR¯AQDR�UHN�QSM�NSQ�KITER�
!2,%.%)���9NS�°MNU�¯HA¯�NS�QE�¯HE�BQIGH¯�RON¯�NF�L�KIFE��4HA¯�DNERM�¯�LEAM�UE�CAM�KITE�HAOOIK�¯HEQEAF¯EQ�IF�UE�QSM�AUA�
'7%.)�DNM�¯�CAQE�ABNS¯�¯HEQEAF¯EQ��)�D�QA¯HEQ�KITE�UEKK�¯HAM�KNMG��4HA¯�R�UHA¯�)�QEAKIWED�IM�¯HA¯�OAM¯Q�¯HE�N¯HEQ�MIGH¯��)�D�QA¯HEQ�DIE�AF¯EQ�NME�HAOO�UEE°�UI¯H�UI¯H�NS��¯HAM�ROEMD�¯HE�MEV¯����EAQR�RKNUK�UA¯CHIMG�NS�DIE�
!2,%.%LNTED�Ÿ«EAQIMGŸSO�
)¯¬R�NME�¯HIMG�¯N�RA�¯HA¯��'UEM��BS¯�¯N�AC¯SAKK�FACE�I¯���
'7%.)�HAD�¯HQEE�DAR�RI¯¯IMG�IM�A�DSMGENM�)�METEQ�¯HNSGH¯�)¬D�KEATE�¯N�¯HIM°�NM�I¯��RN�OKEARE�L�KAD��BEKIETE�¯HA¯�)�°MNU�UHA¯�)�AR°�
4%.Ÿ"%,,3ŸQIMGŸNS«�
!2,%.%)R�I¯�¯EM�BEKKR�AKQEAD�
'7%.'NDR�DALM�¯HE�BEKKR�
!2,%.%4HE�"IRHNO�UIKK�BE�HEQE�RNNM�FNQ�¯HE�CKEAMRIMG�
��
'7%.4HEM�GNDR�DALM�¯HE�"IRHNO�
!2,%.%'UEM�
'7%.7H�LSR¯�NSQ�KITER�BE�QSM�B�ETEQNME�BS¯�SR�
!2,%.%)�LSR¯�GE¯�QEAD�
'7%.)�QEAKIWED�RNLE¯HIMG�EKRE�IM�¯HA¯�OAM¯Q�
.!22!4/2'UEM�CKNRED�HEQ�EER��AR�IF�I¯�UNSKD�LA°E�¯HIR�MEV¯�OAQ¯�EARIEQ�
'7%.)�KNTE�NS�
!�BEA¯�KI°E�¯HE�FKARH�BEFNQE�AM�A¯NLIC�BNLB�GNER�NFF�
!2,%.%'UEM��)���
'7%.)�KNTE�NS�¯HE�UA�)�UAR�AKUAR�¯NKD�)�D�KNTE�A�LAM�NME�DA��)�DIDM�¯�QEAKIWE�SM¯IK�¯HE�OAM¯Q��BS¯�MNU�¯HA¯�)�REE�I¯��)�°MNU�)�TE�KNTED�NS�FQNL�¯HE�LNLEM¯�)�LE¯�NS��!MD�)�L�JSR¯�AR�RSQE�¯HA¯�NS�FEEK�I¯�¯NN�
.!22!4/24HE�UIMDNUR�DIDM¬¯�RSDDEMK�RHA¯¯EQ��BS¯�NS¬D�BE�FNQGITEM�FNQ�FEAQIMG�¯HE�UNSKD�SMDEQ�¯HE�HSQQICAME�FNQCE�NF�¯HIR�EKELEM¯AKK�RILOKE�REM¯ILEM¯�
'7%.9NS�DNM�¯�MEED�¯N�RA�I¯�BAC°��3A�MN¯HIMG�FNQ�MNU�IF�NS�LSR¯��"S¯�)�BEG�NF�NS��DNM�¯�KIE�¯N�LE��'QAM¯�SR�A�LNLEM¯�NF�MN¯�OQE¯EMDIMG�
!2,%.%)�DNM�¯�°MNU�UHA¯�¯N�CAKK�I¯��)�DNM�¯�°MNU�UHA¯�¯N�DN�UI¯H�I¯��BS¯�)�°MNU�)�L�RCAQED�NF�HNU�R¯QNMGK�)�FEEK�I¯��/F�UHEQE�)�FEEK�I¯�
'7%.4HEM�CNLE�AUA�UI¯H�LE��)�KK�FIGSQE�NS¯�HNU��*SR¯�BE�QEAD��0EQLI¯�SR�NME�CHAMCE�A¯�HAOOIMERR��7E�QE�NUED�I¯�
���
.!22!4/24HE�UEQE�IM¯EQQSO¯ED�B�A�°MNC°�NM�¯HE�DNNQ��'UEM��HNUETEQ��UNSKD�MN¯�KE¯�NFF���(EQ�EER�QELAIMED�KNC°ED�NM¯N�!QKEME¬R�
'7%.UHIROEQR�
)�NFFEQED�SO�L�KIFE�FNQ�SR�UI¯HNS¯�A�RECNMD�R�¯HNSGH¯��$N�¯HIR�FNQ�LE��,ITE�UI¯H�LE��IF�JSR¯�FNQ�A�UHIKE�
.!22!4/2!QKEME�HERI¯A¯ED�FNQ�NMK�A�LNLEM¯��BEFNQE�FQAM¯ICAKK�MNDDIMG�HEQ�HEAD�IM�AGQEELEM¯���!�RLIKE�NTEQ¯NN°�'UEM¬R�FACE��AR�RHE�PSIC°K��OARRINMA¯EK�°IRRED�HEQ�KAD�BEFNQE�DITIMG�AUA�¯N�RNLE�CHNQE��(IDIMG�HEQ�NUM�RLIKE��!QKEME�¯SQMED�AMD�NOEMED�¯HE�DNNQ�
%84��'!4%3�/&�4(%�7()4%�&/2%34� �!&4%2.//.� �
(NQRERŸ'!,,/0Ÿ-!$,9�
.!22!4/2!¯�¯HE�GA¯ER�NF�¯HE�7HI¯E�&NQER¯��¯HE�AOOQNACH�NF�¯UN�HNQRER�UAR�CKNREK�LNMI¯NQED�B�A�GNND�DNWEM�%KTIRH�REM¯QIER��KNMGBNUR�AQLED��9KKNUM�AMD�2EGAM�EACH�QNDE�A�HNQRE��*EM�AMD�"QEMMEM�UEQE�¯IED�ACQNRR�¯HE�HNQRER�KI°E�RAC°R��&ITE�OACER�FQNL�¯HE�GA¯E�I¯REKF��9KKNUM�QEIMED�IM�
3%.429+!�!3�
9,,/799.9,,/799.�39-��+!,4(�92�,/ '5%2.!4!,�
.!22!4/24HSR�AMMNSMCIMG�HILREKF�¯N�¯HE�REM¯QIER��9KKNUM�DIRLNSM¯ED�HIR�HNQRE��AMD�AOOQNACHED�¯HE�GA¯E��(E�LAIM¯AIMED�EE�CNM¯AC¯�UI¯H�¯HE�MEAQER¯�REM¯Q��AMD�DIROKAED�HIR�NOEM�OAKLR��FIMGEQR�ROKAED�IM�FQNM¯�NF�HIL��7HEM�¯HE�+AK¯H¬Q�QEACHED�¯HE�GA¯E��HE�EV¯EMDED�HIR�HAMD�¯NUAQDR�¯HE�RHAQO�QAWNQTIME�UHICH�CKSMG�¯N�¯HE�UNND�NF�¯HE�GA¯E��
)M�A�PSIC°�LN¯INM��9KKNUM�DQEU�HIR�OAKL�ACQNRR�¯HE�OKAM¯��DQAUIMG�A�¯QIC°KE�NF�BKNND��4HE�BKNND�DQIOOED�NFF�¯HE�TIME�AMD�IM¯N�A�UNNDEM�QECEO¯ACKE�BEKNU��&AQ�ABNTE��¯HE�REM¯Q�OEEQED�DNUM�¯HQNSGH�A�QEED��AR�IF�HE�CNSKD�RNLEHNU�IMROEC¯�¯HE�BKNND�¯HQNSGH�¯HE�DETICE��7HA¯ETEQ�¯HE�REM¯Q�RAU��I¯�RA¯IRFIED�HIL RNLEUHA¯��(E�MNDDED�¯N�HIR�CNLQADER�
���
3%.429,9')�,/�0!2!!4(�9!�
9,,/799.52+�+9�!!$�,/�$9-±
.!22!4/2/H��RNQQ��AKKNU�LE�¯N�¯QAMRKA¯E�
9,,/799.(ATEŸ)ŸMN«ŸOARREDŸ«HEŸ"KNNDŸ4QIAK�
3%.4296EQIK©Ÿ©NSŸHATE�ŸRIBKIMGŸUNNDRLAM�ŸBS«ŸUAQ«ILEŸOQN«NCNKRŸAQEŸIMŸOKACE�
9,,/799.7EKKŸDNŸ)Ÿ¬MNUŸI«�Ÿ"S«ŸETEMŸIMŸUAQ«ILE�ŸL©ŸBKNNDŸDNERŸMN«ŸCHAMGE�Ÿ4HEŸ&NQER«ŸIRŸL©ŸBIQ«HQIGH«�
3%.429!MDŸ©E«ŸUI«HŸCHIKDQEMŸNFŸLEMŸDNŸ©NSŸ«QATEK�
.!22!4/2!R�¯HE�%KTER���MEGN¯IA¯ED��"QEMMEM��MNU�FSKK�SMCNMRCINSR��FEKK�NFF�NF�¯HE�HNQRE¬R�BAC°��2EGAM�MEEDED�AKK�HEQ�R¯QEMG¯H�¯N�HASK�¯HE�KAQGE�NKD�LAM�BAC°�SO��2EGAM��NF�CNSQRE��CNSKD�MN¯�SMDEQR¯AMD�(K¬KG��AMD�UAR�BEGIMMIMG�¯N�KNRE�OA¯IEMCE�UI¯H�¯HEIQ�KAC°�NF�ADLI¯¯AMCE�IM¯N�¯HE�FNQER¯�
2%'!.R«QAIMIMG�
0QNBKEL�
9,,/799.«NŸ2EGAM�
4HEQE�R�MN�OQNBKEL��)�KK�HAMDKE�I¯�
.!22!4/24HE�EKF�QE¯SQMED�¯N�ROEA°IMG�(K¬KG�
9,,/799.«NŸ«HEŸ3EM«Q©�
)ŸALŸAŸ+AK«H�©Q�Ÿ/FŸCNSQREŸI«ŸIRŸUI«HŸCHIKDQEMŸNFŸLEMŸ)Ÿ«QATEK�
3%.429/FŸCNSQRE�ŸBS«ŸUHA«ŸIRŸ«HEIQŸMEEDŸ«NŸEM«EQŸ«HEŸ&NQER«�
���
9,,/799.(EQEŸ«UNŸKN©AKŸREQTAM«RŸNFŸ«HEŸQEAKLŸKIE�ŸGQATEK©ŸUNSMDEDŸIMŸ«HEIQŸA««ELO«RŸ«NŸLAIM«AIMŸNQDEQ�Ÿ-EDICIMEŸIRŸMEEDED�
3%.429!MDŸ«HNREŸN«HEQŸ«HQEEŸUAK¬IMGŸBEHIMDŸ©NS�
9,,/799.2E«AIMEQRŸNFŸ«HEŸUNSMDED�Ÿ/FŸHNROI«AKI«©Ÿ«HE©ŸAQEŸAKRNŸIMŸMEED�Ÿ«HNSGHŸKERRŸDIQE�
3%.429#HEC¬ŸUI«HŸL©ŸRSOEQINQR�Ÿ)ŸLSR«�
9,,/799.4NŸ©NSŸALŸ)Ÿ¬MNUM�ŸRIBKIMGŸUNNDRLAM�Ÿ4HEŸCHIKDŸNFŸ7©©MŸKN $©©¬ŸAMDŸ"A�A«ŸKN 9KŸALŸ)�
3%.4299ER�Ÿ«NŸLEŸ©NSŸAQEŸ¬MNUMŸBS«Ÿ«HE©ŸAQEŸMN«�
9,,/799.0KEAREŸRIBKIMGŸUNNDRLAM�Ÿ-SCHŸKNMGEQŸUEŸCAMMN«ŸAFFNQD�
.!22!4/2.NU�*EM�BEGAM�¯N�RKIO�NF�HEQ�HNQRE��HEQ�FACE�¯SQMIMG�A�DIR¯SQBIMG�RHADE�NF�BKSE��9KKNUM�BAQEK�GQABBED�¯HE�BAC°�NF�HEQ�RHIQ¯�¯N�°EEO�HEQ�FQNL�HI¯¯IMG�¯HE�GQNSMD
2%'!..N�OQNBKEL��2EAKK��3EELR�KI°E�A�FSC°IMG�OQNBKEL�¯N�LEŹ
9,,/799./MŸL©ŸMALEŸAMDŸL©ŸHNSREŸFNQŸ«HEIQŸOARRAGEŸ)ŸTNSCH�
.!22!4/29NS�REE��%KTEM�CSK¯SQE�OKACER�A�GQEA¯�DEAK�NF�ILONQ¯AMCE�NM�¯HE�CNMCEO¯�NF�FALIK�HNMNQ��AMD�¯QS¯H�BE�¯NKD��I¯�UAR�PSI¯E�QAQE�FNQ�AM�%KF�¯N�QIR°�ETEM�HIR�NUM�HNMNQ��KE¯�AKNME�HIR�FALIK¬R��FNQ�¯HE�RA°E�NF�A�HSLAM��$EROI¯E�HIR�RSQOQIRE��¯HE�REM¯Q�QAIRED�HIR�KEF¯�FIR¯�IM¯N�¯HE�AIQ��AMD�FKARHED�A�RIGMAK�UI¯H�HIR�HAMD��/OEM�AMD�CKNRED��NOEM�AMD�CKNRED��AMD�RSDDEMK�A�¯EAL�NF�%KTER�UAR�OSKKIMG�A¯�A�UIMCH��AMD�¯HE�GA¯E�RKNUK��ONMDEQNSRK�CQEA°ED�NOEM�
���
%84��0!4(�).3)$%�4(%�7()4%�&/2%34� �.%!2,9�#/.4).5/53� �
.!22!4/2-NLEM¯R�KA¯EQ��¯HE�SMCNMRCINSR�FNQLR�NF�"QEMMEM�AMD�*EM�UEQE�KIF¯ED�IM¯N�IM¯N�¯HE�BAC°�NF�A�GNKDEM�CAQ¯�B�RIV�%KTER�DQERRED�IM�IDEM¯ICAK�RIKTEQ�QNBER�AMD�TEIKR��2EGAM�AMD�9KKNUM�R¯NND�BEHIMD��AK¯HNSGH�9KKNUM�EVCHAMGED�RNLE�FIMAK�UNQDR�IM�(K¬KG�UI¯H�NME�NF�¯HE�TEIKED�%KTER�BEFNQE�¯HE�CAQ¯�UAR�DQAUM�AUA�IM¯N�¯HE�FNQER¯�
2%'!.7HA¯�D�RHE�RA�
9,,/799.4HE�KK�BE�REEM�B�¯HE�BER¯�OHRICIAM�HEQE�
2%'!."S¯�
9,,/799.3HE�LADE�A�ONIM¯�NF�MN¯�OQNLIRIMG�AM¯HIMG��!MD�RHE�ADTIRED�¯HA¯�OQAEQ�CNSKDM�¯�HSQ¯�
2%'!.,E¯�R�GN�¯HEM�
.!22!4/27I¯HNS¯�A�RECNMD�¯HNSGH¯��2EGAM�¯SQMED�¯N�FNKKNU�¯HE�CAQ¯��BS¯�9KKNUM�DAQ¯ED�IM�FQNM¯�NF�HEQ�
2%'!.%VCSRE�NS�
9,,/799.)�LSR¯�IMRIR¯�¯HA¯�NS�LIMD�NSQ�LAMMEQR�UHIKE�UI¯HIM�¯HE�FNQER¯��-�OENOKE�UIKK�MN¯�RSFFEQ�A�DASGH¯EQ�NF�LAM�¯N�OQNFAME�¯HIR�RACQED�OKACE��)M�!.9�UA�
2%'!.)�°MNU�UHEM�¯N�°EEO�L�HEAD�DNUM��N°A��)�HATE�DIGMI¯��MN¯�R¯SOIDI¯�
9,,/799.$N�NS�°MNU�UHA¯�HAOOEMED�A¯�¯HE�GA¯ER�
2%'!.9NS�RHED�BKNND�NM�¯HA¯�¯QEE��AMD�I¯�UARM¬¯�GNND�EMNSGH�FNQ�¯HE�GS�A¯�¯HE�DNNQ��3EELR�¯N�LE�KI°E�NS�UEQEM�¯�%KF�EMNSGH�FNQ�¯HE�%KTER�
.!22!4/24HIR�TEQBAK�JAB�LA�JSR¯�AR�UEKK�HATE�BEEM�A�RKAO�
���
9,,/799.)�TNSCHED�FNQ�NSQ�OARRAGE�NM�L�MALE�AMD�L�HNSRE��&NQ�AR�KNMG�AR�NS�QE�HEQE��NSQ�CQILER�AQE�LIME�AMD�NSQ�DEB¯R�AQE�L�FALIK�R��#NSM¯EQ�¯N�AKK�GNND�REMRE��)�HATE�R¯A°ED�L�FALIK�R�EM¯IQE�QEOS¯A¯INM�NM�NSQ�BEHATINQ��3N�¯HA¯�¯HE�CHIKDQEM�LA�BE�HEKOED��$N�MN¯�BE¯QA�L�GNND�FAI¯H��NQ�UE�RHAKK�AKK�BE�¯QSK�BENMD�HNOE�
.!22!4/24HE�%KF�AMD�¯HE�QNGSE�KNC°ED�EER��MEI¯HEQ�NME�BQEA°IMG�¯HE�GAWE��4HE�¯EMRINM�UAR�BQN°EM��AR�I¯�NF¯EM�UAR��B�"IKK�
"),,9/�3��
9NŹ�7AI¯�SOŹ
"),,97HEQE�R�*EM��)R�RHE�N°A�
9,,/799.)�UAR�UNMDEQIMG�IF�NS�AKK�D�ETEQ�AQQITE�
"),,99EAH�UEKK�)�HAD�¯N�R¯NO�NFF�QEAK�PSIC°�AMD�¯HQNU�NSQ�LNL�¯HE�NKD
.!22!4/2 2EGAM�EKBNUED�"IKK�IM�¯HE�GS¯��HAQD��MN¯�NMCE�KNN°IMG�AUA�FQNL�9KKNUM��3HE�QAIRED�AM�EEBQNU�A¯�¯HE�%KF�AR�¯HNSGH�AR°IMG�IF�HE�UEQE�RA¯IRFIED��BEFNQE�ADDQERRIMG�¯HE�DNSBKED NTEQ�BN�
2%'!. 7HA¯�RA�LA¯¯EQ��NS�NS¯�NF�BQEA¯H��)�¯HNSGH¯�NS�BEEM�¯QAIMIMG��#�LNM��*EM�R�¯HIR�UA�
).4��7()4%�&/2%34�).&)2-!29� �!�&%7�-).54%3�,!4%2� �
.!22!4/23NLE�¯ILE�KA¯EQ��9KKNUM�FNSMD�HILREKF�IM�AM�AQEA�NF�¯HE�FNQER¯�UHNRE�MALE�¯QAMRKA¯ER�QNSGHK�¯N�©HNROI¯AK�UAI¯IMG�QNNLª���7EKK��¯HE�MALE�¯QAMRKA¯ER�LNQE�DIQEC¯K�¯N�©OKACE�NF�BNQEDNL�AMD�DEA¯H R¯EMCHª��BS¯�L�BAC¯EQIAK�CNLOA¯QIN¯R�IM�NSQ�QEAKL�¯EKK�LE�©HNORI¯AK�UAI¯IMG�QNNLª�IR�A�BE¯¯EQ�IDINLA¯IC�¯QAMRKA¯INM��,I°E�ETEQ¯HIMG�EKRE�IM�¯HE�7HI¯E�&NQER¯��¯HIR�QNNL�UAR�RHILLEQIMG��6IAKR�NF�KSLIMERCEM¯�KIPSID�KIMED�¯HE�UAKKR��
�-/2%
���
0EQINDICAKK��AM�%KF�IM�RIKTEQ�QNBER�AMD�TEIK�UNSKD�.!22!4/2 �CNM¯�D
ELEQGE�FQNL�A�BAC°�QNNL��¯A°E�NME�RSCH�TIAK��AMD�QE¯SQM�FQNL�UHEMCE�RHE�CALE��9KKNUM�UAR�CNMTEQRIMG��IM�HIR�NUM�KAMGSAGE��UI¯H�A�HIGH QAM°IMG�OHRICIAM�
0(93)#)!.4NŸGITEŸ«HEREŸRSBR«AMCERŸ«NŸ-EL©E«�Ÿ«©OICAKŸI«ŸIRŸMN«�
9,,/799.4HEQEŸKIERŸ«HEŸKAR«ŸQE«AIMEQŸNFŸAŸ'QEA«Ÿ(NSREŸNFŸLEM�Ÿ.NŸ«©OICAKŸ-EL©E«ŸIRŸHE�
0(93)#)!.!Ÿ«QELEMDNSRŸOQICEŸUNSKDŸ«HEREŸFE«CHŸIMŸ«HEŸHSLAMŸQEAKLR�Ÿ&I«Ÿ«NŸOA©ŸI«ŸHEŸDNERŸMN«ŸREEL�
9,,/799.+MNUMŸ«NŸ©NSŸL©ŸOAQEM«RŸAQE�Ÿ2EOAIDŸUIKKŸ©NSŸRSQEK©ŸBE�
0(93)#)!.)«ŸIRŸMN«ŸARŸIFŸ«HIRŸLEDICIMEŸGQNURŸNMŸ«QEER�
9,,/799.!OONKNGIER�Ÿ7IREŸ/ME�ŸI«ŸUARŸL©ŸSMDEQR«AMDIMGŸ«HA«
0(93)#)!.KASGHIMG�
&NQGITEŸ«HIRŸ0H©RICIAM�RŸLNQBIDŸHSLNQ�Ÿ/FŸCNSQREŸ«HIRŸLEDICIMEŸGQNURŸNMŸ«QEER�
.!22!4/29NS�REE��¯HE�%KTEM�LEDICIME�IM�PSER¯INM�UAR�IMDEED�DEQITED�FQNL�¯HE�RAO�NF�A�OAQ¯ICSKAQ�¯QEE�FNSMD�NMK�UI¯HIM�¯HE�7HI¯E�&NQER¯��)¯�DID��KI¯EQAKK��GQNU�NM�¯QEER��4HIR�FAC¯��AK¯HNSGH�UEKK�°MNUM�¯N�LNR¯�EKTER��UAR�MN¯�UIDEK�OQNOAGA¯ED�ALNMG�HSLAMR��4HIR�UAR�IM¯EM¯INMAK�NM�¯HE�OAQ¯�NF�¯HE�%KTER��AK¯HNSGH�9KKNUM�NMK�JSR¯�MNU�MN¯ICED�¯HE�NDDI¯�IM�¯HA¯�
9,,/799.6EQ©ŸCKETEQ�Ÿ4H�A©©D�Ÿ)«ŸDNERŸAOOEAQŸ«NŸBEŸQA«HEQŸOKEM«IFSK�ŸLAM©ŸTIAKRŸDNŸ)ŸREE
0(93)#)!. 2EAKK©Ÿ«HNSGH�Ÿ)ŸUIKKŸEVOEC«ŸOA©LEM«ŸB©ŸLNNM�RŸEMD�Ÿ-©ŸDASGH«EQŸHARŸQEPSER«EDŸ«HA«ŸUEŸEV«EMDŸNSQŸHNLE�ŸRNŸRHEŸLA©ŸHATEŸAŸRECNMDŸOKA©ŸQNNLŸNFŸOSQEŸ7HI«EUNND�Ÿ4HEŸLEDICIMEŸLA©ŸGQNUŸNMŸ«QEER�ŸBS«ŸUEAK«HŸCEQ«AIMK©ŸDNERŸMN«�
(1'�2)�3$57�21(�
���
3$57�7:2�
/-)44%$
� �
%84��5.#,%!2� �$!9�� ��
.!22!4/2!�RHNQ¯�DIR¯AMCE�BENMD�¯HE�UAKKR�NF�#AR¯KE�'SEQMA¯AK��RNLE�LELBEQR�NF�!QDEK�2EDLNNQ¬R�OEQRNMAK�GSAQD�QNDE��4IED�ACQNRR�¯HE�BAC°�NF�NME�HNQRE�UAR�A�FIGSQE�BNSMD��GAGGED��AMD�HEAD�CNTEQED�IM�A�BSQKAO�RAC°��4HE�OAQ¯�UAR�FNKKNUED�B�A�HSM¯IMG�HNSMD��!R�¯HE�QEACHED�A�RLAKK�CKEAQIMG��¯HE�GSAQDR�CAKKED�A�HAK¯��4HE�GSAQDR�DIRLNSM¯ED�AMD�¯HQEU�¯HEIQ�CAO¯ITE�MNME ¯NN GEM¯K�NM¯N�¯HE�GQNSMD��4HE�PSIC°K�¯IED�EACH�NF�¯HE�CAO¯ITE¬R�KILBR�¯N�¯HE�RADDKE�NF�A�DIFFEQEM¯�HNQRE��TIA�A�RLAKK�KEMG¯H�NF�QNOE��/MK�¯HEM�DID�¯HE�QELNTE�¯HE�RAC°�FQNL�HIR�HEAD��QETEAKIMG�2IC°AQD�2EDLNNQ�
2%$-//2�3/,$)%29NSQ�CNSRIM�RAR�HE�R�RNQQ�ABNS¯�NSQ�źACCIDEM¯�ź
.!22!4/22IC°AQD¬R�EER�UIDEMED��BS¯�HE�BAQEK�HAD�¯ILE�¯N�RCQEAL��!�GSAQD�OS¯�A�UNNDEM�UHIR¯KE�¯N�HIR�KIOR�AMD�BKEU��.N�RNSMD�CNSKD�BE�HEAQD�B�HSLAM�EAQR��BS¯�¯HE�HNSMD�HEAQD��4HE�DNG�UEM¯�LAD��JSLOIMG�AMD�BAQ°IMG�AMD�HNUKIMG�A¯�¯HE�RNSMD��4HE�HNQRER��RONN°ED�B�¯HE�HNSMD��BNK¯ED�IM�AKK�DIFFEQEM¯�DIQEC¯INMR��2IC°AQD�2EDLNNQ�UAR�¯NQM�KILB�FQNL�KILB�
%84��7()4%�&/2%34� �-/2.).'�� ��
.!22!4/2.EKRNM�R¯NND�IM�A�BEAL�NF�LNNMKIGH¯��DAOOKIMG�¯HQNSGH�¯HE�CAMNO�NF�¯HE�UHI¯E�FNQER¯��4HE�BN�R¯NND�NM�¯HE�ONQCH�NF�A�HNSRE RIWED�R¯QSC¯SQE��CAQTED�IM¯N�¯HE�¯QSM°�NF�AM�EMNQLNSR�¯QEE��4HE�BAQ°�HAD�BEEM�R¯QIOOED�FQNL�¯HE�¯QEE��EVONRIMG�¯HE�RHILLEQIMG�FKERH�BEKNU��)M�¯HE�OAKE�LNNMKIGH¯��¯HE�EFFEC¯�UAR�AR�¯HNSGH�¯IM�OIM ONIM¯R�NF�KIGH¯�RHNME�¯HQNSGHNS¯�¯HE�¯QSM°�NF�¯HE�¯QEE��4HE�EFFEC¯�QELIMDED�.EKRNM�NF�RNLE¯HIMG�HE�CAKKED�©CHQIR¯LAR�KIGH¯Rª��AK¯HNSGH�¯HE�EFFEC¯�UAR�EM¯IQEK�MA¯SQAK�
.)!/�3��
9NS�RHNSKD�GE¯�RNLE�QER¯��NS�°MNU�
���
.!22!4/2.IA�ELEQGED�FQNL�¯HE�R¯QSC¯SQE��AMD�JNIMED�.EKRNM�NS¯RIDE�
.%,3/.4QIED��#NSKDM�¯�RKEEO�
.)!.NQ�CNSKD�)�2EARRSQIMG�
%KTEM�LEDICIME�IR�RECNMD�¯N�MNME��4HE�CNSKDM�¯�ONRRIBK�BE�IM�BE¯¯EQ�HAMDR�
.!22!4/22A¯HEQ�¯HAM�KNN°IMG�¯HE�CKEQIC�IM�¯HE�EE��.EKRNM�FNSMD�RNLE�¯UIGR�¯HA¯�HAD�FAKKEM�NM¯N�¯HE�QAIKIMG�UHICH�RSQQNSMDED�¯HE�OA¯IN��(E�A¯¯ELO¯ED�¯N�AQQAMGE�¯HE�¯UIGR�AR�HE�RON°E�
.%,3/.)�HATEM�¯�RKEO¯�UEKK�RIMCE�)�TE�BEEM�HEQE��-�DQEALR�HATE�BEEM�QEAKK�IM¯EMRE�
.)!/H�
.%,3/.)�LEAM�)�R¯IKK�DNM�¯�QELELBEQ�¯HEL�BS¯�UHEM�)�UA°E�SO�)�FEEK�KI°E�)�JSR¯�UEM¯�¯HQNSGH�A�KN¯��NS�°MNU��,I°E�)�METEQ�GE¯�AM�QER¯�
.)!!MD�NS�HATE�MN�QECNKKEC¯INM�AR�¯N�¯HE�CNM¯EM¯�NF�¯HERE�DQEALR�
"),,9/�3��
(NU��BNS¯�NS�¯HNQNSGHK�EVALIME�DEEEEW�MS¯R��A�¯QEE FAQ¯�
.!22!4/24HE�DNNQ�NF�¯HE�¯QEE�R¯QSC¯SQE�NOEMED�AGAIM��"IKK�ELEQGED�¯HIR�¯ILE��IF�B�©ELEQGEDª�NS�LEAM�©UAR�HNIR¯ED�IM¯N�¯HE�AIQ�B�¯UN�EKTER�IM�¯HE�RIKTEQ�TEIKR��AMD�¯HQNUM�NS¯�¯HE�DNNQ�AMD�NM¯N�HIR�BAC°RIDEª�
.)!&NQ�¯HE�KAR¯�¯ILE��UNSKD�NS�OKEARE�LIMD�NSQ�¯NMGSE�
"),,93NLE�ARRHNKE�IM�¯HEQE�R�¯A°IMG�*EM�R�CKN¯HER�NFFŹ
���
.%,3/.4HE�QE�DNC¯NQR��"IKK�
"),,9)�DNM�¯�GITE�A�RHI¯�UHN�¯HE�AQE�
.)!$N�NS�SMDEQR¯AMD�¯HA¯�*EM�UNSKD�CEQ¯AIMK�BE�DEAD�UI¯HNS¯�¯HE�HEKO�NSQ�HNR¯R�AQE�GITIMG�SR�
"),,99EAH��BS¯���¯HE�DNM�¯�HATE�¯N�BE�RN�FSC°IMG�DNSCHE�ABNS¯�I¯�
.%,3/.4HIR�OKACE�IR��KI°E��NFF�A�KI¯¯KE��)¯�R�EVAC¯K�KI°E�)�EVOEC¯ED�I¯��BS¯�¯HEM�MN¯�
"),,9/F�CNSQRE�NS�HAD�IDEAR�ABNS¯�UHA¯�LAGICAK�¯QEE�FNQ¯R�RHNSKD�BE�KI°E�
.%,3/..N�I¯�R�°IMD�NF�A�KN¯�KI°E�2ITEMDEKK��)¯�R�¯HIR�BAD ARR��LR¯ICAK�%KF�CI¯�¯HA¯�UE�HAD�¯N�QIDE�¯N�FNQ�RAFE¯��"S¯�%KQNMD�IM�,NQDŸNFŸ«HEŸ2IMGR�IR�JSR¯�KI°E�¯HE�CNNKER¯�DSDE��%TEQNME�HEQE�IR�AKK�BEAS¯IFSK�AMD�HAR�BI¯CHIM��AQLNQ�AMD�AKK�¯HA¯��BS¯�¯HE�QE�JSR¯���UEKK���
"),,9$NSCHE�
4HE©ŸBN«HŸ,!5'(ŸAŸBI«ŸA«Ÿ«HIR�Ÿ342%33Ÿ,!5'(4%2�
.!22!4/2-�BAC¯EQIAK�FQIEMDR�¯QIED�NF¯EM�¯N�EVOKAIM�¯N�LE�HNU�EVAC¯K�¯HE�%KTER�NF�¯HE�7HI¯E�&NQER¯�QERELBKED�A�FELIMIME�HGIEME�OQNDSC¯�FQNL�"IKK¬R�QEAKL��"S¯�SMDEQR¯AMDIMG�KNMG�EKSDED�LE��9E¯��RNLEHNU��¯HE�CHIKDQEM�AKK�FNSMD�¯HIR�DERCQIO¯INM�PSI¯E�AO¯�
.)!&2534!4%$�
)�L�GNIMG�¯N�REE�IF�¯HE�OHRICIAMR�CAM�¯EKK�LE�AM�LNQE��4Q�MN¯�¯N�GE¯�SR�¯HQNUM�NS¯�
&//434%03ŸFADEŸAUA©ŸARŸ.IAŸUAK¬RŸBAC¬ŸIM«NŸ«HEŸR«QSC«SQE�
"),,9(E��LAM��)�LEAM¯�¯N�¯EKK�NS��9NS�R¯EOOED�SO�UI¯H�LE�BAC°�IM�¯HA¯�CHSQCH�OKACE��4HA¯�UAR�OQE¯¯�KEGI¯�
���
.%,3/.9NS�LEAM�QIGH¯�BEFNQE�UE�GN¯�NSQ�ARRER�HAMDED�¯N�SR�
"),,9)¯�R�KI°E�#NACH�RAR��9NS�DNM�¯�ETEQ�CNLOKE¯E������NF�¯HE�OARRER�NS�METEQ�¯HQNU�
!�BEA¯�
.%,3/.���4HA¯���DNERM�¯�QEAKK
"),,9 )�°MNU��-AM��7H�D�)�ETEQ�QEROEC¯�¯HA¯�GS�RN�LSCH��(E�UAR�A�FSC°IMG�LNQNM�
"2%..%./�3��ŸFQNLŸR«QSC«SQE�
;'QNAMR=
.!22!4/2&QNL�UI¯HIM�¯HE�R¯QSC¯SQE��A�MNIRE�ELEQGED�¯HA¯�CNSKD�NMK�BE�'EMEQAK�"QEMMEM�AUA°IMG��4HE�CHIKDQEM�QSRHED�IM¯N�¯HE�BSIKDIMG�
).4��3-!,,�2//-�).�#!34,%�'5%2.!4!,� �$!9�� ��
.!22!4/2!¯�#AR¯KE�'SEQMA¯AK��!M¯NMIM�-NNMCQER¯�HEKD�CNSMCIK�UI¯H�HIR�SMCKE�*SKISR�IM�A�QNNL�UHICH�HAD�BEEM�CN NO¯ED�AR�A�RI¯¯IMG�QNNL�FNQ�¯HE�-NNMCQER¯R��4HE�-NNMCQER¯�RIGIK�HAD�BEEM�HAR¯IK�R¯QEUM�ABNS¯��MEV¯�¯N�¯HE�LNQE�OEQLAMEM¯�'SEQMA¯AK�LAQ°IMGR�
*5,)530EQHAOR�,NQD�2IC°AQD�¯QSK�IR�IKK�
!.4/.).)�¯HIM°�I¯�R�LNQE�RIMIR¯EQ�¯HAM�¯HA¯��9NS�CAM�¯EKK�UHEM�2EDLNNQ�¯HIM°R�HE�R�BEIMG�NH RN CKETEQ�B�¯HE�UA�HIR�KIO�¯UIR¯R�SO��4HE�IDIN¯�
*5,)53)¯�LA�BE�¯ILE�¯HEM�¯N�QECNMRIDEQ�NSQ�DERIGMR��MEOHEU��7HE¯HEQ�,NQD�2IC°AQD�IR�GQATEK�IKK�NQ�HIR�CNSRIM�REM¯�HIL�AUA��UE�TE�KNR¯�NSQ�BER¯�RNSQCE�NF�QECNMAIRRAMCE�IM�(NSRE�2EDLNNQ�
!.4/.).!KK�¯HE�LNQE�QEARNM�¯N�AC¯��)F�!QDEK�DIRCNTEQED�¯HA¯�2IC°AQD�UAR�AC¯IMG�NM�NSQ�BEHAKF�HE�LA�¯Q�¯N�LNTE�AGAIMR¯�SR�
���
*5,)53.N�HE�UNM�¯��(E�MEEDR�NSQ�AQL��¯HEQE�R�MN�UA�AQNSMD�¯HA¯�
.!22!4/2!M¯NMIM�-NNMCQER¯��!QKEME¬R�2EDLNNQ¬R�BE¯QN¯HED�NS�QECAKK��R¯NND�AMD�OACED�¯HE�QNNL�
!.4/.).7HEM�UE�ELBAQ°ED�NM�¯HIR�CNSQRE��)�EVOEC¯ED�¯N�FIMD�!QDEK�2EDLNNQ�OE¯SKAM¯�AMD�SMCNS¯H��)MR¯EAD��)�FNSMD�A�LAM�RN�ABJEC¯�¯HA¯�HIR�LEQE�EVIR¯EMCE�RHNN°�LE�¯N�L�RNSK��7HEM�NSQ�FNQEBEAQR�UEQE�GQAM¯ED�KAMDR��¯HE�RUNQE�¯N�OQN¯EC¯�¯HE�IMMNCEM¯��RALE�AR�2EDLNNQ�R��!MD�HEQE�IR�¯HIR�LAM�UHN�ONIRNMR�¯HE�UNQKD�UI¯H�ETEQ�BQEA¯H�HE�DQAUR��7E�AQE�HNMNQ BNSMD�R¯NO�HIL�
*5,)539NS�TE�A�MNBKE�HEAQ¯��MEOHEU��BS¯�NS�LSR¯�BE�OQAGLA¯IC��2EDLNNQ�MEEDR�NSQ�AQLIER�BS¯�UE�MEED�HIR�AKKIER�A¯�CNSQ¯�
!.4/.).!KKIER�¯HA¯�AQE�NMK�HIR�¯N�GITE�BECASRE�'SM¯HEQ�IR�°IKKED��'AKADNM�HEKO�LE��5MCKE��I¯�UNSKDM�¯�RHNC°�LE�¯N�KEAQM�HE�HAD�A�HAMD�IM�¯HA¯�
*5,)534HEM�OQNTE�I¯��)F�NS�CAM�¯SQM�HIR�AKKIER�¯N�NSQR��NS�HATE�L�BKERRIMG�¯N�REE°�RA¯IRFAC¯INM�FQNL�2EDLNNQ��5M¯IK�¯HEM��UE�LSR¯�¯QEAD�KIGH¯K��4QAF¯�UAM¯R�MN¯HIMG�LNQE�¯HAM�FNQ�¯HE�0QIMCER�NF�)NQDEM�¯N�¯EAQ�EACH�N¯HEQ�AOAQ¯�SM¯IK�MNME�CAM�R¯AMD�AGAIMR¯�HIL��!MD�IF�NS�¯HIM°�!QDEK�2EDLNNQ�IR�ABJEC¯���
!.4/.).)�UNQQ�FNQ�!QKEME�
*5,)537HA¯�NF�HEQ�
!.4/.).)�L�UNQQIED�HEQ�BQN¯HEQ�HAR�E¯�LNQE�CQSEK¯�IM�R¯NQE�FNQ�HEQ�
*5,)534NDA��/M�¯HE�DA�NF�HEQ�UEDDIMG�
!.4/.).4NDA�EROECIAKK�
*5,)53(E�UNM�¯�QIR°�DNIMG�AM¯HIMG�¯N�ELBAQQARR�SR�
���
!.4/.).-�CNMCEQM�IR�MN¯�FNQ�QEOS¯A¯INM�NQ�OQNOQIE¯�
*5,)537EKK�I¯�RHNSKD�BE�
!.4/.).-AM�UNSKD�CAKK�I¯�ILOQNOEQ�FNQ�A�RECNMD�RNM�¯N�QSM�A�'QEA¯�(NSRE�UHIKE�¯HE�FIQR¯BNQM�E¯�KITER�
*5,)537A¯CH�NSQREKF�
!.4/.).)�LEAM�MN�ACCSRA¯INM��NS�°MNU�)�TE�RSOONQ¯ED�NS�AKK�AKNMG��"S¯�¯HA¯�R�OQECIREK�L�LEAMIMG��4HEQE�R�OQNOEQ�AMD�¯HEQE�R�JSR¯�AMD�RNLE¯ILER�¯HE�QE�A¯�NDDR�
*5,)539NS�DNM�¯�MEED�¯N�OS¯�NM�AIQR�ABNS¯�JSR¯ICE��%TEQ�LAM�R�BEEM�¯ELO¯ED�¯N�ILOQNOQIE¯�B�A�FIME�OIECE�NF�AQRE�KI°E�-AID�2EDLNNQ
!.4/.). BS¯�¯HA¯�R�MN¯
*5,)53 BS¯�UE�TE�A�QEAKL�¯N�¯HIM°�ABNS¯Ź�!�¯HNSRAMD�¯HNSRAMD�RSBJEC¯R�
!.4/.).9ER��5MCKE��!MD�¯HE�LNLEM¯�UE�R¯AQ¯�¯HIM°IMG�NF�NSQ�RSBJEC¯R�AR�OIECER�NM�A�GALE�BNAQD�IR�¯HE�LNLEM¯�AKK�IR�KNR¯�
).4��7()4%�&/2%34�).&)2-!29� �#/.4).5/53�� ��
.!22!4/2)M�¯HE�7HI¯E�&NQER¯��"QEMMEM�RA¯�SO�NM�HIR�IMFIQLAQ�CNSCH��(E�UAR�DQEMCHED�IM�RUEA¯��BS¯�I¯�UAR�CKEAQ�HIR�FETEQ�HAD�BQN°EM��¯HAM°R�¯N�¯HE�LIQACKE�NF�-NDEQM�%KTEM�LEDICIME�
2%'!.-NQMIMG��BEAS¯IFSK��(NU�D�NS�RKEEO�
"),,97HA¯�ABNS¯�*EM�Ź
9,,/799.'ITE�¯HE�RAKTE�A�LNLEM¯���
���
.!22!4/2!R�IF�NM�CSE��*EM�AUN°E��CNSGHIMG��"IKK�UAR�ILLEDIA¯EK�B�HEQ�RIDE��EMGSKFIMG�HEQ�IM�AM�ELBQACE�
"),,9(NK�RHI¯�)�¯HNSGH¯�)�KNR¯�NS�
*%.ADŸKIB��
7HA¯�R���UHEQE����
"),,93NLE�%KF�HNSRE�
.!22!4/2(E�°IRRED�HEQ�
9,,/799.9NS�QE�IM�¯HE�HNLE�NF�A�GQEA¯�OHRICIAM�CAKKED�"A�A�MQ ,°
"),,9 /MCE�LNQE�NM�¯HA¯�NME�
9,,/799. ¯N�UHNL�UE�NUE�A�DEB¯�
"2%..%.7HICH�)�RUEAQ�NM�L�¯I¯KE�UE�RHAKK�QEOA�AR�RNNM�AR�UE�QE�ABKE�
.!22!4/2*SR¯�¯HEM��¯HE�OHRICIAM�EM¯EQED�¯HE�QNNL��(E�ADDQERRED�A�PSER¯INM��IM�(K�KG��¯N�9KKNUM��"S¯�.IA�QERONMDED�IM�°IMD�BEFNQE�9KKNUM�CNSKD��4HE�0HRICIAM�REELED�BN¯H�RHNC°ED�AMD�RADDEMED�B�HEQ�AMRUEQ�
0(93)#)!..Q��LELE¯�
.!22!4/27I¯H�RNLE¯HIMG�KI°E�AFFEC¯INM��HE�¯QACED�A�CIQCKE�IM�¯HE�AIQ�AQNSMD�*EM��AMD�¯HEM�EVI¯ED�¯HE�QNNL�
.%,3/.7HA¯�UAR�¯HA¯�ABNS¯�
9,,/799.(E�UAR�¯QNSBKED�B�¯HE�IMJSQIER�NM�*EM�R�MEC°�AMD�UIRHED�¯N�KEAQM�HNU�RHE�CALE�B�¯HEL�
���
.)!!¯�UHICH�¯ILE�)�IMFNQLED�HIL�¯HA¯�*EM�HAD�¯HE�HNQQID�LIRFNQ¯SME�NF�FACIMG�A�4ELOKAQ�NF�$IRCNQD�IM�CNLBA¯�
*%.)�DNM�¯�QELELBEQ�¯HA¯��DID�)�KNRE�¯HA¯�LSCH�¯ILE�
9,,/799.9NS�LSR¯�HATE�
*%.)�QELELBEQ�¯HE�°MIGH¯
.)! 7E�AKK�UI¯MERRED�¯HA¯��ER��*EM�R�FIGH¯�UI¯H�¯HE�4ELOKAQ�
2%'!.3ONN°�LN¯HEQFSC°EQ�CALE�NS¯�NF�MNUHEQE�
9,,/799.7HIKE�HE�UAR�NCCSOIED�UI¯H�*EM��)�KNNRED�A�RHAF¯�IM¯N�HIR�BAC°�
2%'!.-LL�)�DSMMN��OQE¯¯�RSQE�)�GN¯�HIL�UI¯H�A�QAWNQ�R¯AQ�
"),,9)�HEAQ�7EEMIE�OS¯R�RHAF¯R�IM�A�KN¯�NF�DSDER�FQNL�BEHIMD�
.!22!4/2*EM�R¯IKK�KNN°ED�DIRNQIEM¯ED��BS¯�¯HE�QER¯�NF�¯HE�OAQ¯�AOOEAQED�¯N�HATE�SMDEQR¯NND�.IA¬R�LEAMIMG�RSFFICIEM¯K�FNQ�¯HE�CKEQIC�¯N�DQNO�¯HE�RSBJEC¯��%VCEO¯�FNQ�"IKK�NF�CNSQRE��(E�UAR�R¯IKK�FIVA¯ED�NM�9KKNUM¬R�RHAF¯�
"2%..%.+AK¯H�Q��UHEM�DN�NS�¯HIM°�UE�CAM�GE¯�AM�ASDIEMCE�UI¯H�¯HE�(IGH�#NSMCIK�
9,,/799.)�TE�AKQEAD�LADE�AQQAMGELEM¯R��4HE�TE�AGQEED�¯N�HEAQ�SR�NM�¯HE�LID DA�NF�¯HE�LNQQNU�
.!22!4/2"IKK��AKQEAD�BNQED�UI¯H�¯HA¯�BQIEF��BQIEF�DIRCSRRINM�NF�ONKI¯ICR��HAD�¯SQMED�HIR�A¯¯EM¯INM�BAC°�¯N�*EM��4HEIQ�IM¯EM¯INMR�¯SQMED�TEQ�ILLNDER¯��TEQ�PSIC°K�
"),,93UEE¯��RN�UHA¯�R�¯HE�QNNLIMG�RI¯SA¯INM�
���
2%'!.+EEO�NSQ�BA¯¯EQ�IM�¯HE�OAM�¯HEQE��KI¯¯KE�ONM�
"2%..%.)F�)�LA��)�UNSKD�ADTIRE�UE�QER¯�LEAMUHIKE��3AFE�HATEM�AF¯EQ�A�¯QIMG�NQDEAK�IR�A�BKERRIMG�LNR¯�NKD�RNKDIEQR�DAQE�MN¯�HNOE�FNQ��0QAIRE�'AKADNM�FNQ�¯HA¯��9NS�KNN°�KI°E�NS�HATEM�¯�RKEO¯�NSQREKF�
2%'!.#NSQRE�)�HATE��7HA¯�DN�NS�¯HIM°��)�JSR¯�UAI¯ED�IM�HEQE�AKK�MIGH¯�
.!22!4/23HE�HAD�
"2%..%.9NS�KK�UAM¯�¯N�BE�UEKK QER¯ED�FNQ�¯HE�#NSMCIK�-EE¯IMG�
2%'!.!MD�UH�R�¯HA¯�
"2%..%./FŸCNSQRE�
7H�¯HA¯�R�UHEQE�UE�KK�DECKAQE�NSQ�QEGEMC�
2%'!.3(((((Ź�$ID�¯HA¯�FETEQ�FQ�NSQ�BQAIMR�Ź�7HA¯�¯HE�FSC°�AQE�NS�¯QIMG�¯N�DN�
.!22!4/22EGAM¬R�FACE�RHNUED�¯HE�EVOQERRINM�NF�A�CNQMEQED�CA¯��"QEMMEM¬R�AMD�9KKNUM¬R��RILOK�CNMFSRINM�
"2%..%.7AR�¯HA¯�MN¯�NSQ�OKAM�
2%'!.7ARM�¯�L�OKAMŹ
"2%..%.7HA¯�ABNS¯�AKK�UE�RAID�NF�DER¯QNIMG�BAD�LEM�
2%'!.4HA¯�R�¯HE�°IMDA�RHI¯�NS�DN�FQNL�¯HE�RHADNUR��7AK°IMG�IM¯N�A�QNNL�FSKK�NF�%KTER�AMD�¯EKKIMG�¯HEL�ź)�L�1SEEMź�IM�¯HE�LIDDKE�NF�A�CITIK�UAQ�IR�A�UHNKE��MN¯HEQ�KETEK�NF�A¯¯EM¯INM��"ER¯�CARE�RCEMAQIN��¯HE�BEKIETE�SR�AMD�MNU�UE�TE�GN¯�ETEQ�R¯AMDIMG�AQL�IM�)NQDEM�SO�NSQ�ARRER�
9,,/799."S¯�UE�D�HATE�¯HE�4H�AQ�KN (K�NM�NSQ�RIDE�
���
2%'!.7NQR¯�CARE�RCEMAQIN��¯HE�¯HIM°�UE�QE�FSKK�NF�RHI¯�AMD�OS¯�SR�AKK�¯N�DEA¯H�FNQ�I¯�
"2%..%.9NSQ�CKAIL�IR�JSR¯��9NS�TE�¯HE�(IGH�4HQNME�IM�NSQ�BKNND��.N¯�¯N�LEM¯INM�¯HE�'SEQMA¯AK�4AKIRLAM�NF�$NLIMINM�
2%'!.!KK�¯HA¯�OQNTER�IR�)�L�A�BAR¯AQD�AMD�A�¯HIEF�
9,,/799.9NS�HATE�LNQE�¯HAM�A�DA�¯N�¯HIM°�NM�NSQ�CNSQRE��)M�¯HE�LEAMUHIKE��¯HEQE�R�RNLE¯HIMG�EKRE�
"2%..%.7HA¯�R�¯HA¯�
.!22!4/29KKNUUM�HERI¯A¯ED��HIR�SRSAK�CNMFIDEM¯�DELEAMNQ�UAR�KNR¯�FNQ�¯HE�FIQR¯�¯ILE�IM�"QEMMEM¬R�LELNQ�
9,,/799.3IQ�"QEMMEM��HATE�NS�ETEQ�BEEM�HNMNQ BNSMD�¯N�DN�RNLE¯HIMG�UHICH�NS�FNSMD�TEQ�DIR¯AR¯EFSK�
"2%..%.%TEQ�LAM�HAR�IM�HIR�¯ILE�
9,,/799.!MD�E¯�¯HEQE�R�MN�CHNICE�A¯�AKK�IM�FAC¯��FNQ�¯N�FNQRA°E�DS¯�UNSKD�BE�¯EMFNKD�LNQE�BI¯¯EQ�
"2%..%.6EQ�UEKK RAID��+AK¯H�Q��7HA¯�AQE�NS�BNSMD�¯N�DN�
9,,/799.3IMCE�UE�QE�HEQE�AMD�NS�QE�L�GSER¯R���)�L�AFQAID�UE�LSR¯�DIME�UI¯H�L�OAQEM¯R�
).4��9,,/799.�3�0!2%.4�3�(/53%� �,!4%�!&4%2.//.�� ��
.!22!4/24HE�HNLE�NF�7M�,N $°�AMD�"A¬A¯�,N 9K��¯HE�OAQEM¯R�NF�NSQ�DEAQ�9KKNUM��UAR�RILOK�NOSKEM¯��4HE�LAMRINM�UAR�CAQTED�IM¯N�¯HE�HEAQ¯�NF�NME�NF�¯HE�KAQGER¯�¯QEER�IM�¯HE�7HI¯E�&NQER¯��¯HE�¯QSM°�HNKKNUED�NS¯�¯N�CQEA¯E�A�KITIMG�ROACE��!R�RSCH��ETEQ�RSQFACE�RHILLEQED�AMD�GKNUED�IM�¯HE�LAMMEQ�NF�¯HE�7HI¯E�&NQER¯�AR�A�UHNKE��
�-/2%
���
4HE�GQEA¯�QNNL�IM�¯HE�CEM¯EQ�UAR�¯AR¯EFSKK�DECNQA¯ED��.!22!4/2 �CNM¯�D
BS¯�IM�A�UA�¯HA¯�¯HE�FALIK¬R�UEAK¯H�AMD�OQER¯IGE�CNSKD�MN¯�BE�IGMNQED��!M�EM¯IQE�¯AVIDEQLIED�EKEOHAM¯�RA¯�IM�¯HE�CNQMEQ��0AIM¯IMGR�B�¯HE�LNR¯�FALNSR�%KTEM�AQ¯IR¯R�ADNQMED�¯HE�UAKKR��!�LARRITE�LAHNGAM�¯ABKE�RA¯�IM�¯HE�CEM¯EQ�NF�¯HE�QNNL��¯HE�DAQ°�UNND�ETEM�LNQE�R¯QI°IMG�IM�¯HE�CNM¯EV¯�NF�¯HE�7HI¯E�&NQER¯��!�LARRITE�CQR¯AK�CHAMDEKIEQ�HSMG�FQNL�ABNTE��AMD�OQECINSR�JEUEKR�NF�ETEQ�°IMD�ACCEM¯ED�ETEQ¯HIMG�9KKNUM�R�OAQEM¯R�RA¯�A¯�A�RLAKKEQ�¯ABKE�IM�¯HEIQ�FNEQ��AR�A�RLAKK�AQL�NF�HSLAM�REQTAM¯R�BSWWED�AQNSMD�IM�OQEOAQA¯INM�FNQ�¯HE�SOCNLIMG�LEAK�
"!�!43AOOHIQE��NS�LIRRED�A�RON¯�NM�¯HE�¯SR°�¯HEQE�
.!22!4/2(E�KIBEQAKK�RIOOED�A�BQNUM�KIPSID�FQNL�A�BEJEUEKED�CHAKICE�
799.IM«NŸAMN«HEQŸQNNL�
*ADE��!QE�NS�PSI¯E�RSQE�¯HE�QNAR¯�UIKK�BE�QEAD�RNNM��9KKNUM�UIKK�BE�HEQE�AM�LIMS¯E�MNU�
"!�!4«NŸ7©©M�
!MD�UHEQE�IR�¯HA¯�BKAR¯ED�EKDEQ�NSMGKIMG�
799.9NS�UNQQ�¯NN�NF¯EM�¯HERE�DAR��HSRBAMD�
.!22!4/2"A¬A¯�UEM¯�FNQ�AMN¯HEQ�RIO��BS¯�HIR�RONSRE�GQABBED�HIR�UQIR¯�
799.!MD�DQIM°�¯NN�LSCH�
"!�!4,A¯EK�)�HATE�A�FEEKIMG���CAKK�I¯�A�OQELNMI¯INM�IF�NS�KI°E��4HA¯�ETEQ¯HIMG�IR�CNLIMG�¯N�AM�EMD��)�CAM�FEEK�¯HE�KIGH¯R�¯HA¯�HATE�RHNME�NM�)NQDEM�KN�¯HERE�LAM�CEM¯SQIER�BEIMG�RKNUK�EV¯IMGSIRHED��)¯�R�AR�IF�UHA¯ETEQ�BEAS¯�¯HEQE�IR�IM�¯HIR�UNQKD�IR�RKIOOIMG�¯HQNSGH�NSQ�FIMGEQR�KI°E�RN�LSCH�RAMD�
799.4HA¯�R�MN�OQELNMI¯INM��DEAQ��4HA¯�R�JSR¯�CAKKED�GE¯¯IMG�NKD�
���
.!22!4/2�!¯�¯HIR�LNLEM¯��¯HE�LARRITE�DNNQR�¯N�¯HE�HAKK�CQEA°ED�NOEM��)F�NS�AR°�LE��¯HE�%KTER�IM¯EM¯INMAKK�DERIGM�¯HEIQ�DNNQR�¯N�CQEA°�DQALA¯ICAKK��)¯�R�QA¯HEQ�NR¯EM¯A¯INSR��5ONM�QEFKEC¯INM��¯HIR�LA�EVOKAIM�"IKK�R�EOI¯HE¯�FNQ�¯HE�%KTER��7HIKE�¯HE�UNQD�LA�HATE�A¯�RNLE�ONIM¯�BEEM�IMTNKTED�IM�FELIMIME�HGIEME��)�MNU�AGQEE�¯HA¯�¯HE�BER¯�ONRRIBKE�DEFIMI¯INM�NF�A�«DNSCHE¬�IR�©NME�UI¯H�¯HE�R°IKK�¯N�BSIKD�PSIE¯�DNNQR��UHN�LA°ER�¯HEL�CQEA°�AMUA�JSR¯�FNQ�EFFEC¯�ª
3NQQ��)�DIGQERR��4HE�DNNQR�CQEA°ED�NOEM��AMD�9KKNUM�EM¯EQED��(E�GQEE¯ED�HIR�OAQEM¯R�UI¯H�OEQFEC¯�FNQLAKI¯��HE�R¯NND�IM�¯HE�DNNQUA�AMD�BNUED�KNU��BEFNQE�EM¯EQIMG�AMD�RI¯¯IMG��CQNRR KEGGED��NM�¯HE�GQNSMD�IM�FQNM¯�NF�HIR�OAQEM¯R��4HE�IM�¯SQM�QERONMDED�FNQLAKK��NMK�BQIEFK�¯NSCHIMG�¯HE�¯NO�NF�HIR�HEAD�UI¯H�¯HEIQ�QIGH¯�HAMDR��4HE�RON°E�IM�(K¬KG�
9,,/799.%KTIRH�ŸRSB«I«KED�
0AQEM«R�
799.9NSMGKIMG�
9,,/799.)RŸMN«ŸL©ŸRIBKIMGŸHEQE�
799.3HE�RŸNMK©ŸGN««EMŸUNQREŸRIMCEŸ©NSŸKEF«�Ÿ!KUA©RŸNFFŸUI«HŸHEQŸFQIEMDR�Ÿ0QN«ER«Ÿ«HIR�ŸDEKA©ŸGQA«IFICA«INMŸ«HA«�
9,,/799.!ŸLEQEŸOHAREŸI«ŸIR�
799.9NS�TEŸMN«ŸBEEMŸHEQE�ŸCHIKD�Ÿ4HEŸ©NS«HŸGQNUŸLNQEŸIM«NKEQABKEŸEACHŸDA©�
"!�!47HEMŸUEŸHADŸ©NSQŸAGE�ŸUE�DŸOARRŸNSQŸRSLLEQRŸUI«HŸHAQLKERRŸNQGIERŸDNUMŸB©Ÿ«HEŸ,A¬EŸNFŸ(NLERŸ&NQGN««EM�
799.4HA«ŸUARŸAŸLNQEŸDECEM«ŸAMDŸIMMNCEM«Ÿ«ILE�
"!�!4'AKADNMŸNMK©Ÿ¬MNURŸUHA«Ÿ«HE©ŸDNŸMNU�Ÿ$AQ¬Ÿ«ILERŸIMDEED�Ÿ!MDŸ«HEŸFAKKŸNFŸ'SEQMA«AKŸDNERŸKI««KEŸ«NŸBQIGH«EMŸ«HEŸFNQECAR«�
���
9,,/799.9ER�ŸNMŸ«HA«ŸRSBJEC«
$NNQŸ#2%!+3
.%,3/.$SSSSSDE�
"),,99N�7EEMIE�R�OAQEM¯R�AQE�KNADED�
.!22!4/2!R�NS�LA�HATE�GSERRED��¯HE�CHIKDQEM�HAD�JSR¯�EM¯EQED�¯HE�HAKK��4HE�DID�MN¯�BN¯HEQ�¯N�HIDE�¯HEIQ�ALAWELEM¯�A¯�¯HE�BEAS¯IFSK�QNNL��¯HEIQ�LNS¯HR�KI¯EQAKK�AGAOE�IM�UNMDEQ��"QEMMEM��2EGAM��AMD�.IA�DID�A�BE¯¯EQ�JNB�CNMCEAKIMG�¯HEIQ�QEAC¯INM���BS¯�NMK�JSR¯��*EM¬R�JN�UAR�¯ELOEQED��HNUETEQ��UHEM�RHE�MN¯ICED�¯HE�R¯SFFED�EKEOHAM¯��9KKNUM�RUI¯CHED�IM¯N�¯HE�CNLLNM�¯NMGSE�
9,,/799.#NLLNMŸ«NMGSE�
0AQEM¯R��AKKNU�LE�¯N�IM¯QNDSCE�L�¯QATEKIMG�CNLOAMINMR��)�BEKIETE�NS�TE�HEAQD�¯HE�MALE�"QEMMEM�NF�'QEFIEKD�
"!�!49ER��ETEM�UE�%KTER�°MNU�¯HA¯�MALE�
799.-�RONSRE�AMD�)�UEKCNLE�NS�¯N�NSQ�HNLE��'EMEQAK�"QEMMEM�
"2%..%.!MD�)�¯HAM°�NS�
9,,/799.)M�FAC¯��HE�R�3IQ�"QEMMEM�7IKKELRNM��MNU�
"!�!4)R�¯HA¯�A�FAC¯��+MIGH¯ED�B�UHNL�
.!22!4/29KKNUM�NOEMED�HIR�LNS¯H�¯N�ROEA°��BS¯�2EGAM�CASGH¯�HIR�EE��AMD�AKLNR¯�ILOEQCEO¯IBK��RHNN°�HEQ�HEAD�IM�UAQMIMG��4HE�%KF�HERI¯A¯ED��AMD�¯HEM�BEGAM�AGAIM�
9,,/799.)¯�UAR�NME�NF�¯HE�KAR¯�AC¯R�NF�+IMG�'SM¯HEQ�
799.!�BKAR¯ED�RHALE��¯HA¯�UHNKE�NQDEAK�
���
"!�!49KKNUM�R¯IKK�NUER�SR�AM�EVOKAMA¯INM�AR�¯N�HNU�¯HA¯�HAOOEMED�NM�HIR�UA¯CH�
"2%..%.)�ARRSQE�NS��NSQ�RNM�EVECS¯ED�HIR�DS¯IER�UI¯H�GQEA¯�R°IKK�AMD�OEQFEC¯�HNMNQ��4HEQE�UAR�MN¯HIMG�HE�CNSKD�HATE�DNME��)�KK�GKADK�OQNTIDE�A�FSKK�ACCNSM¯�
"!�!49ER��UEKK��I¯�CAM�UAI¯�SM¯IK�BQEAD�IR�BQN°EM�
"2%..%./F�CNSQRE�
799.!MD�UHN�AQE�¯HERE�N¯HEQR�
9,,/799.2E¯AIMEQR�NF�3IQ�"QEMMEM�R��.IA�NF�3EAHNKD��HIR�CHAOKAIM���
.)!(NMNQED�¯N�BE�NSQ�GSER¯�
2%'!.-AQGAQE¯�NF�!QLR¯QSMGAQD���
9,,/799.���HIR�AQLR BEAQEQ��!MD�¯HQEE�RPSIQER��*EMMIFEQ��.EKRNM��AMD�7IKKIAL�
"!�!43PSIQER��AKK�
.!22!4/29KKNUM¬R�FA¯HEQ�KNN°ED�CSQINSRK�A¯�*EM��!�LNLEM¯�NF�SMCNLFNQ¯ABKE�¯EMRINM�NOEMED��AR�2EGAM�QEAKIWED�HEQ�SRSAK�©OQNR¯I¯S¯Eª�EVCSRE�UNSKD�OQNBABK�MN¯�HEKO�HEQE��4HE�¯EMRINM�UAR�BQN°EM��HNUETEQ��B�9KKNUM¬R�LN¯HEQ�
799.'NNDŹ�!BNS¯�¯ILE�¯HE�R¯AQ¯ED�HATIMG�FELAKE�RPSIQER��)�DECKAQE��¯HE�QSKEQR�NF�-ELE¯�CAM�BE�ONRI¯ITEK�BAC°UAQDR�
"!�!44HE�TI¯AKI¯�NF�NS¯H�IR�AKUAR�QEFQERHIMG�¯N�HATE�IM�¯HIR�HNSRE��EROECIAKK�IM�NSQ�°IMD��UHN�AQE�RN�CKNRE�¯N�MA¯SQE��&EEK�FQEE�¯N�LA°E�SRE�NF�¯HE�CNSCHER�IM�NSQ�OAQKNQ�AF¯EQ�RSOOEQ��)�L�RSQE�NS�KK�AKK�UAM¯�¯N�CNOSKA¯E�TIGNQNSRK�UI¯H�EACH�N¯HEQ�
���
*%.5H�
.!22!4/2!R�NS�CAM�ILAGIME��¯HE�CHIKDQEM�UEQE�PSI¯E�SMRSQE�HNU�¯N�CNMDSC¯�¯HELREKTER�UI¯HIM�¯HE�BNSMDR�NF�%KTEM�REVSAK�OQNOQIE¯�
*%.7H�DNM�¯�UE�REE�HNU�UE�QE�FEEKIMG�AF¯EQ�DERREQ¯�
"!�!4!R�NS�UIKK��3HAKK�UE��/SQ�RSOOEQ�RHAKK�BE�QEAD�RNNM�
-/.4!'%��6!2)/53�!2/5.$�#!34,%�'5%2.!4!,� �.//.�� ��
/TEQŸETEQ©«HIMGŸAŸ"%,,Ÿ#2)%3Ÿ47%,6%�
.!22!4/27HIKE�¯HE�OAQ¯�DIMED�KI°E�%KTEM�AQIR¯NCQAC��¯HE�MNBIKI¯�IM�#AR¯KE�'SEQMA¯AK�UAR�OQEOAQIMG�FNQ�A�UEDDIMG��!QKEME�2EDLNNQ�DQERRED�HEQREKF�FNQ�HEQ�LAQQIAGE��3HE�DNMMED�HEQ�UEDDIMG�GNUM���AMD�ETEQ�I¯EL�NF�JEUEKQ�RHE�CNSKD�FI¯�NM�HEQ�BND�
4HE�REQTIMG�CKARR�NF�¯HE�#AR¯KE�LADE�AKK�MECERRAQ�AQQAMGELEM¯R�IM�¯HE�GQEA¯�HAKK��UHIKE�A�¯QNSOE�NF�LIMR¯QEKR�¯SMED�¯HEIQ�HAQOR�AMD�KS¯ER��4HE�REQTAM¯R�AKK�UNQE�OKAIM�BQNUM�CKNA°R�UI¯H�HNNDR�SO��KER¯�AM�N¯HEQ�LAID�DE¯QAC¯�FQNL�¯HE�BEAS¯�NF�¯HE�BQIDE��)M�¯HIR�UA��'UEM�UAR��NR¯EMRIBK��IMDIR¯IMGSIRHABKE�FQNL�AKK�¯HE�N¯HEQR�
!QKEME��RHA°IMG�UI¯H�MEQTER��¯NSCHED�A�KNMEK�FIMGEQ�¯N�HEQ�KIOR�IM�QELELBQAMCE�NF�¯HE�OAR¯�LNQMIMG¬R�°IRR��3HE�RIGHED��AMD�R¯NND��LA°IMG�RSQE�¯HE�HNMED�AMD�DEADK�DAGGEQ�RHE¬D�HIDDEM�SMDEQ�HEQ�GNUM�UAR�R¯IKK�IM�OKACE�
(1'�2)�3$57�7:2�
���
3$57�7+5((
).4��4!"%2.!#,%�!4�#!34,%�'5%2.!4!,� �!&4%2.//.�� ��
(%!$�02)%34!MD�RN�DID�'AKADNM�DECQEE��IM�¯HE�EAQKIER¯�DAR�UNQ¯H�¯EKKIMG��¯HA¯�AR�(E�CQEA¯ED�NQDEQ�¯HQNSGHNS¯�¯HE�UNQKD��RN�RHNSKD�LEM�CQEA¯E�I¯�UI¯H�¯HEIQ�NUM�HNSRER�
.!22!4/2!QKEME�2EDLNNQ�AMD�!M¯NMIM�-NNMCQER¯�R¯NND�BEFNQE�¯HE�(IGH�0QIER¯��IM�¯HE�GQEA¯�¯ABEQMACKE�NF�#AR¯KE�'SEQMA¯AK��'UEMDNKM�R¯NND�A�FEU�FEE¯�BEHIMD��HNKDIMG�HEQ�KAD¬R�TEIK�AMD�¯QAIM��4HE�QER¯�NF�¯HE�CNSQ¯�UAR�ARRELBKED�BEHIMD�¯HEL�
(%!$�02)%34,AD�!QKEME��UNSKD�NS�EM¯EQ�IM¯N�¯HA¯�LNR¯�RACQED�NQDEQ�AMD�ACCEO¯�¯HIR�LAM�!M¯NMIM�AR�NSQ�,NQD�AMD�HSRBAMD��!MD�°EEO�¯HA¯�NQDEQ�OSQE�FQNL�AM�CHANR�UHICH�UNSKD�RSKK�I¯��IM�OASCI¯�AMD�OKEM¯��IM�GNND�HEAK¯H�AMD�IKK��FNQ�AKK�¯HE�QER¯�NF�NSQ�DAR�
.!22!4/2!QKEME�HERI¯A¯ED��FNQ�JSR¯�A�LNLEM¯��"S¯�¯HEM��QEFKEC¯ED�IM�¯HE�ONKIRHED�RIKTEQ�NF�¯HE�AK¯AQ�¯N�'AKADNM��!QKEME�RAU�'UEMDNKM¬R�FACE��HNTEQIMG�MEV¯�¯N�HEQ�NUM�QEFKEC¯INM��3HE�GAWED�A¯�¯HA¯�FACE��AMD�FNSMD�I¯�GATE�HEQ�R¯QEMG¯H�
!2,%.%)�UNSKD�
).4��#!34,%�'5%2.!4!,�-!).�(!,,� �.)'(4�� ��
.!22!4/2!MD�RN�¯HE�FNQLAKI¯IER�NF�¯HE�UEDDIMG�CNMCKSDED�IM�DSE�CNSQRE��AMD�¯HE�CEKEBQA¯INM�BEGAM��4HE�MEUKUED�CNSOKE�RA¯�A¯�A�¯ABKE�A¯�¯HE�HEAD�NF�¯HE�HAKK��!M¯NMIM�A¯E�AMD�DQAM°�UEKK��BS¯�!QKEME�NMK�OSRHED�¯HE�FNND�AQNSMD�HEQ�OKA¯E�UHIKE�AMVINSRK�RSQTEIMG�¯HE�DAMCE�HAKK�
!.4/.).-A�)�HATE�¯HE�OKEARSQE�NF�NSQ�FIQR¯�DAMCE�
!2,%.%)�KNN°�FNQUAQD�¯N�I¯�GQEA¯K��BS¯��OQA�KE¯�LE�UAI¯�A�UHIKE�KNMGEQ��)�UAR�RN�EVCI¯ED�¯HIR�LNQMIMG�¯HA¯�)�CNSKD�MN¯�BQEA°�L�FAR¯��AMD�MNU�)�FEAQ�¯HE�UIME�HAR�GNME�¯N�L�HEAD�
���
.!22!4/2!QKEME¬R�EER�REAQCHED�¯HE�HAKK�FNQ�'UEM��3HE�UAR��AR�)¬TE�RAID��TIRSAKK�IMDIR¯IMGSIRHABKE�FQNL�AM�NF�¯HE�N¯HEQ�REQTAM¯R�UNQ°IMG�¯HE�ETEMIMG��"S¯�!QKEME�OIC°ED�HEQ�NS¯��°MNUIMG�RHE¬D�BE�LIMGKIMG�UI¯H�¯HE�GSAQDR�R¯A¯INMED�B�¯HE�DNNQ��QA¯HEQ�¯HAM�DIR¯QIBS¯IMG�DQIM°R�¯N�¯HE�GEM¯Q�
'7%.9NS�KNN°�A�LI¯E�¯HIQR¯��L�GNND�LAM�
-//.#2%34�'5!2$7EKK�)�CEQ¯AIMK�¯HAM°�NS��L�°IMD�GIQK�
'7%.7HEM�DN�NS�GE¯�NFF�DS¯�
-//.#2%34�'5!2$)�ILAGIME�UE�KK�GE¯�A�FEU�HNSQR�KEATE�AF¯EQ�¯HE�BEDDIMG��7HA¯�ABNS¯�NS�
'7%.7HA¯�ABNS¯�LE�
-//.#2%34�'5!2$7HEM�DN�NS�GE¯�NFF�
'7%..N¯�MEAQK�NF¯EM�EMNSGH�
.!22!4/27I¯H�A�UIM°��'UEM�UHIR°ED�HEQREKF�BAC°�IM¯N�¯HE�°I¯CHEM�
).4��9,,/799.�3�0!2%.4�3�$).).'�2//-� �%!2,9�%6%.).'�� ��
.!22!4/2)M�¯HE�7HI¯E�&NQER¯��¯HE�OAQ¯�RA¯�AQNSMD�9KKNUM¬R�FALIK�¯ABKE��/ME�REA¯�A¯�¯HE�¯ABKE�QELAIMED�CNMROICSNSRK�ELO¯��4HA¯�DID�MN¯��HNUETEQ��R¯NO�AMNME�FQNL�DETNSQIMG�¯HE�AKLNR¯ OEQFEC¯ KNN°IMG�FNND��!R�HE�A¯E��.EKRNM�R¯SDIED�A�¯AOER¯Q�UHICH�HSMG�OQNLIMEM¯K�NM�¯HE�UAKK�
799.)�REE�NS�TE�MN¯ICED�NSQ�¯AOER¯Q��NSMG���/H��)�L�RNQQ�UHA¯�UAR�I¯R�MALE�AGAIM�
9,,/799..EKRNM�
���
.%,3/.(SH�
"),,9UHIROEQR�Ÿ«NŸ*EM�
$ID�RHE�JSR¯�CAKK�.EKRNM�AM��I¯��
799.)�REE�NS�TE�MN¯ICED�NSQ�¯AOER¯Q��NSMG�.EKRNM�
.%,3/./HŹ�)�L���)�L�RNQQ�
.)!UHIROEQR�
(KKG�DNER�MN¯�REV�I¯R�OQNMNSMR��)¯�R�A�CNLLNM�¯QAMRKA¯INM�EQQNQ�
*%.UHIROEQR�ŸEVOKAIMIMG�
4HA¯�LEAMR�¯HA¯
"),,9UHIROEQR�ŸDEFEMRITE�
)�°MNU�UHA¯�I¯�LEAMR��)�TE�DNME�AKK�¯HA¯�R¯SFF��!KK�¯HE�REV�R¯SFF�«HIM¬RŸHE�RŸIMŸ«QNSBKE�
)¯�UAR�BEFNQE�)�°MEU�NS�¯HNSGH�
799..N¯�A¯�AKKŹ�7E�DIROKA�I¯�FNQ�GSER¯R�¯N�ADLIQE�
.%,3/.)¯�R�IMCQEDIBKE��7HA¯�AQE�¯HNRE�BNA¯R�
"!�!4)¯�¯EKKR�NF�¯HE�FIQR¯�NF�NSQ�OENOKE�UHN�FNSMD�)NQDEM� �¯HE�AMCER¯NQR�NF�AKK�(KE¯�HEQE�¯NDA�
.%,3/.(KE¯�
"!�!4(ATE�NS�HAD�MN�RCHNNKIMG�A¯�AKK��CHIKD�
9,,/799.)¯�IR�UHA¯�UE�CAKK�NSQREKTER�
.)!4HE�DIQEC¯�¯QAMRKA¯INM�IM�NSQ�¯NMGSE��.EKRNM��IR��UNND�FNK°���!R�CNLOAQED�¯N�SR��UHN�AQE�CAKKED�-EL©E«��UHICH�LEAMR��QITEQ�FNK°��
���
.%,3/.3N�NS�GSR�AQEM�¯�FQNL�HEQE�NQIGIMAKK�
799./H�3EKBIQIM��MN��/SQ�HNLE� �9�©¬AAR�IM�NSQ�¯NMGSE� �IR�FAQ��FAQ�AUA��4HE�FIQR¯�(KE¯�NF�)NQDEM�RAIKED�FQNL�9�°AAR�BS¯�UEQE�KNR¯�IM�A�¯ELOER¯�BEFNQE�LA°IMG�RHNQE�
*%.,I°E��A�¯HSMDEQR¯NQL�
.!22!4/23NLE¯HIMG�ABNS¯�¯HE�LEM¯INM�NF�A�R¯NQL�CASGH¯�*EM¬R�A¯¯EM¯INM��3NLE¯HIMG�ABNS¯�¯HE�FAC¯�¯HA¯�*EM�CAQED�CASGH¯�"IKK¬R�A¯¯EM¯INM��RN�HE�OQE¯EMDED�¯N�KIR¯EM�
799.9ER��¯HE�¯AKER�NF�¯HE�¯HSMDEQ�AQE�PSI¯E�TITID�
*%.(AR�AMBND�ETEQ�GNME�BAC°�
"!�!43ETEQAK�A¯¯ELO¯R�UEQE�LADE�¯N�MATIGA¯E�BAC°�¯N�9�°AAR��MNME�RSCCERRFSK��!MD�BEFNQE�KNMG��¯HE�NCEAMFAQEQR�UE�CALE�UI¯H�UEQE�KNR¯�BEMEA¯H�¯HE�3EA�NF�¯HE�!MCER¯NQR�
799.!MD�RN�DN�AKK�(KE¯�KALEM¯�¯HE�KNRR�NF�9�°AAR��AMD�HNMNQ�¯HE�LELNQ�NF�HNLE�UI¯H�¯HEIQ�AQ¯�
*%.!MD�RN�NS�GSR�JSR¯���R¯NOOED�¯QIMG�A�UHIKE�AGN��)R�¯HEQE�AM��KI°E��QEREAQCH�NQ�AM¯HIMG�¯HA¯�)�CNSKD
.)! *EM��¯HE�,NRR�NF�(NLE�IR�A�TEQ�OAIMFSK�LELNQ�FNQ�¯HE�%KTER��9NS�LA�AR°�LE�UHA¯�PSER¯INMR�NS�UIRH�A¯�RNLE�KA¯EQ�¯ILE��&NQGITE�HEQ��4H�AD�I��RHE�DNERM�¯�LEAM�¯N�BE�QSDE�
*%.3NQQ��)��SL���¯HAM°�NS��FNQ�¯HE�LEDICIME�
"2%..%.!E��¯QSK�UE�AQE�FNQETEQ�IM�NSQ�DEB¯�
799.)�CEQ¯AIMK�HNOE�MN¯Ź�'AKADNM�UIKKIMG�¯HIR�BSRIMERR�UI¯H�¯HE�¯HQNME�UIKK�GE¯�RNQ¯ED�NS¯�RNNM��AMD�NS�KK�FIMD�NSQREKF�IM�FSMDR�NMCE�LNQE�
���
"!�!49ER��3IQ�"QEMMEM��OEQHAOR�UE�CNSKD�HEAQ�LNQE�NF�UHA¯�¯QAMROIQED�
"2%..%./F�CNSQRE��)¯�BEGAM�UI¯H�!QDEK�2EDLNNQ��CSQRE�HIR�MALE�AMD�HNSRE��UHN
.!22!4/2 "QEMMEM¬R�R¯NQ�UAR�IM¯EQQSO¯ED�B�A�KNSD�CQEA°���¯HA¯�DALM�DNNQ�AGAIM�
6/)#%4H�AKSSL�
.!22!4/2!�NSMG�FELAKE�%KF�FAIQK�DAMCED�IM¯N�¯HE�QNNL��(EQ�FACE�UAR�CNTEQED�B�A�DAQ°�CKN¯H�TEIK�
9,,/$9+9KKNUM�ŹIMŸ%KTIRH�
7HA«ŸAŸKNTEK©ŸRSQOQIRE�Ÿ4NNŸREKDNLŸDNŸ)ŸRA©ŸI«ŸBS«Ÿ©NSŸAQEŸ«HEŸBER«Ÿ©NSMGEQŸRIBKIMG�Ÿ4HEŸ"%34�
.!22!4/24HE�GIQK��9KKNUM¬R�RIR¯EQ��QSRHED�¯N�HEQ�BQN¯HEQ¬R�RIDE�AMD�HSGGED�HIL��9KKNUM��¯A°EM�ABAC°�B�¯HIR�DIROKA�NF�AFFEC¯INM��AU°UAQDK�OA¯¯ED�HIR�RIR¯EQ�NM�¯HE�HEAD�
9,,/799.'NNDŸI«ŸIRŸ«NŸREEŸ©NSŸARŸUEKK�ŸRIBKIMG�Ÿ)
9,,/$9+ 4HEQEŸAQEŸ-EL©E«ŸHEQE�
9,,/799.$NM�«ŸR«AQEŸARŸIFŸ©NS�TEŸMETEQŸREEMŸNMEŸBEFNQE�
9,,/$9+.NMEŸNFŸ«HEIQŸBQEEDŸBEFNQEŸHATEŸ)ŸREEM�
.!22!4/23HE�RUI¯CHED�¯N�¯HE�CNLLNM�¯NMGSE�
9,,/$9+(EKKN�¯HEQEŹ
.%,3/.IMFA«SA«ED�
(I�
���
"),,93SO�
9,,/$9+7HA¯�IR�¯HA¯�CNN°IMG��)¯�RLEKKR�DEKEC¯ABKEŹ�)�RUEAQ�)�AL�FALIRHEDŹ
.!22!4/2*SR¯�AR�ABQSO¯K�AR�RHE�HAD�EM¯EQED��¯HE�GIQK�ROQIM¯ED�NS¯�NF�¯HE�QNNL�AMD�¯N�¯HE�°I¯CHEM��3HE�DIDM¬¯�KE¯�¯HE�DIR¯AMCE��MNQ�¯HE�FNND�IM�HEQ�LNS¯H��IM¯EQQSO¯�HEQ�CNMTEQRA¯INM��HNUETEQ�
9,,/$9+/�3��ŸLNS«HŸFSKKŸNFŸFNND�
4HIR�IR�A LAWIMGŹ
799.7NSKD�NS�KI°E�SR�¯N�HATE�/MV�HEA¯�¯HA¯�SO�FNQ�NS�
9,,/$9+.N�MEED�¯N�¯QNSBKE�¯HE�HEKO�
799.)¯�LSR¯�BE�CNKD�B�MNU�
9,,/$9+'NND�¯HIR�UA�
*%.3NQQ��UHN�IR�¯HA¯�
9,,/799.4HA¯�IR�L�RIBKIMG��9KKND°�
"IKK�BAQEK�HNKDR�IM�A�30)4 4!+%�AMD�#/5'(3�6)/,%.4,9�NM�HIR�FNND�
.!22!4/2!K¯HNSGH�¯HE�RSQEK�CNSKD�MN¯�SMDEQR¯AMD�"IKK¬R�LIQ¯H��9KKND°¬R�OAQEM¯R�EVCSRED�¯HELREKTER�FQNL�¯HE�¯ABKE�AMD�FNKKNUED�¯HEIQ�DASGH¯EQ�IM¯N�¯HE�°I¯CHEM��4HE�RON°E�IM�HSRHED�¯NMER��IM�(KK¬KG�
9,,/$9+R«IKKŸCHEUIMG�
7HA¯�
"!�!46EIK�NFF��CHIKD�
9,,/$9+.N��I¯�R�BQIGH¯�IM�HEQE�
���
"!�!4,E¯�LE�REE�NSQ�EER�
799.9NS�TE�BEEM�CHEUIMG�#AMMIB�2NN¯�UI¯H�NSQ�FQIEMDR�AGAIMŹ
9,,/$9+3N�UHA¯�IF�)�HATE�
799.7EQE�UE�MN¯�CKEAQ�ABNS¯�¯HA¯�LA¯¯EQ�BEFNQE��7E�TE�A�LIMD�¯N�REMD�NS�¯N�BED�UI¯HNS¯�RSOOEQ�
.!22!4/29KKND°�OQNCEEDED�¯N�RHNTE�E¯�LNQE�FNND�IM�HEQ�LNS¯H�
9,,/$9+)�AKQEAD�A¯E�
"!�!4%MNSGH�IR�EMNSGH��9NS�AQE�MN¯�¯N�KEATE�¯HIR�HNSRE�FNQ�A�FNQ¯MIGH¯�
9,,/$9+/H��KI°E�NS�DNM�¯�DQIM°�A�OIM¯�NF�UNND�ERREMCE�ETEQ�ETEMIMG�NF�¯HE�UEE°�
799.9NS�UIKK�LIMD�NSQ�¯NMGSE�IM�LIVED�CNLOAMŹ
9,,/$9+3N�MNU�NS�CAQE�UHA¯�-ELE¯�¯HIM°��)�L�RSQOQIRED�NS�KE¯�¯HEL�IM�NSQ�HNSRE��¯HE�UA�NS�¯AK°�ABNS¯�¯HEL�
"!�!49NS�RHAKK�RI¯�DNUM��CHIKD��AMD�LIMD�NSQ�LAMMEQR�NQ�EKRE�NS�RHAKK�R¯A�IM�¯HIR�HNSRE�FNQ�¯UN�LNNMR�IMR¯EAD�NF�¯UN�UEE°R�
9,,/$9+)�L�RN�¯IQED�NF�¯HIR��9NS�DNM�¯�SMDEQR¯AMD�LE�A¯�AKK�
799.7E�CEQ¯AIMK�DNM�¯��.NU�¯A°E�A�REA¯�
.!22!4/24HE�¯HQEE�FIKED�BAC°�IM¯N�¯HE�LAIM�DIMIMG�HAKK��4HNRE�UHN�DID�MN¯�SMDEQR¯AMD�(K¬KG�UEQE�EMJNIMG�¯HEIQ�LEAKR�CNM¯EM¯EDK��9KKNUM�AMD�.IA��HNUETEQ��KNN°ED�RSFFICIEM¯K�ELBAQARRED�
���
"!�!4-�EKDEQ�CHIKD�AONKNGIWER�LNR¯�DEEOK�FNQ�HEQ���¯AQDIMERR��3HE�HAD�RNLE¯HIMG�źTEQ�ILONQ¯AM¯ź�¯N�¯EMD�¯N�
799.3IQ�"QEMMEM��NSQ�¯AKE�UAR�IM¯EQQSO¯ED��7NSKD�NS�KI°E�¯N�CNM¯IMSE�
"2%..%.9ER��¯HAM°�NS��!R�)�UAR�RAIMG��I¯�BEGAM�UI¯H�!QDEK�2EDLNNQ��UHN
9KKND°�')'',%3�
.!22!4/29KKNUM¬R�RIR¯EQ�UAR�DEEOK��¯HNQNSGHK�ALSRED�B�¯HE�OA¯¯EQMR�FNQLED�B�RUIQKIMG�¯HE�RNSO�IM�HEQ�BNUK��%TEQNME�A¯�¯HE�¯ABKE�GKAQED�A¯�HEQ��¯HNSGH�RHE�FAIKED�¯N�MN¯ICE�
"2%..%.!QDEK�2EDLNNQ��UHN�CNMROIQED�LNR¯�FNSKK�¯N�ROQEAD�RKAMDEQR�AGAIMR¯
!�,/.'%2�')'',%�799.9KKND°Ź
9,,/$9+R«IKKŸGIGGKIMG�
/H��3NQQ�
"),,9UHIROEQR�
$SDE��7EEMIE��)�¯HIM°�NSQ�RIR¯EQ�IR�HIGH�AR�BAKKR�QIGH¯�MNU�
"2%..%.(E�ROQEAD�UIC°ED�RKAMDEQR�AGAIMR¯�(IR�,A¯E�-AJER¯��0EACEFSK�BE�HIR�QER¯��UHICH�KED�¯HE�CNSQ¯�¯N
9,,/$9+«NŸ*EM�
!MD�UHA¯�UAR�NSQ�MALE��DEAQ�
*%./H��)�L�*EM�
9,,/$9+*EM��)�ADNQE�I¯Ź�3N�OQILAK�
���
*%.5H��IF�NS�RA�RN�
9,,/$9+7HEQE�AQE�NS�FQNL��*EM�
*%.&SMM�NS�RHNSKD�AR°�¯HA¯��BECASRE
"QEMMEMŸ#,%!23Ÿ()3Ÿ4(2/!4�
"2%..%.&A¯E�NF�¯HE�QEAKL�A¯�R¯A°E��IM�CARE�NS�TE�FNQGN¯¯EM�
*%.2IGH¯��RNQQ�
"2%..%.2EDLNNQ�R�RKAMDEQR�KED�¯HE�CNSQ¯�¯N�RSROEC¯�+IMG�'SM¯HEQ�NF�¯QEARNM��EMNSGH�¯N�ILOQIRNM�HIL�OEMDIMG�AM�IMTER¯IGA¯INM�AMD�AOONIM¯�A�,NQD�2EGEM¯��3NLEHNU��AMD�)�AL�MN¯�RSQE�B�UHA¯�GSIKE�NQ�RNQCEQ��HE�GN¯�HILREKF�AOONIM¯ED�2EGEM¯�
9,,/$9+UHIROEQR�Ÿ«NŸ*EM�
-A���-A�)�¯NSCH�NSQ�HAIQ��(SLAM�HAIQ�IR�JSR¯��KI°E��RN�EVN¯IC��NS�°MNU�
.%,3/.SMDEQŸ"QEMMEM�
5HHH��MN¯�CNNK�
9,,/$9+SMDEQŸ"QEMMEM�
)¯�R��KI°E��BKNUIMG�L�LIMD�QIGH¯�MNU�
.!22!4/2!R�"QEMMEM�A¯¯ELO¯ED�¯N�QE QEOEA¯�HIR�¯AKE��A�REQTAM¯�CALE�¯N�¯HE�¯ABKE��HAMDED�A�RCQNKK�¯N�7M��BNUED�DEEOK��AMD�QE¯SQMED�¯N�¯HE�°I¯CHEM�
799.)�L�¯EQQIBK�RNQQ��NS�KK�HATE�¯N�EVCSRE�SR��4H�AD�2��KN 4H�¯�HAR�QE¯SQMED�AMD�QEPSER¯R�AM�ASDIEMCE�UI¯H�¯HE�(IGH�#NSMCIK�ILLEDIA¯EK�
"!�!49KKNUM��)�¯QSR¯�NS�KK�°EEO�NSQ�GSER¯R�EM¯EQ¯AIMED�AMD�NSQ�RIBKIMG���BSR�
"2%..%.)F�NS�TE�BS¯�A�LNLEM¯��)�D�HSLBK�QEPSER¯�¯HE�CHAMCE�¯N�PSIC°K�FIMIRH�L�ACCNSM¯�
���
799.9NS�KK�HATE�AM�ASDIEMCE�UI¯H�¯HE�CNSMCIK�IM�¯HE�LNQMIMG��3IQ�"QEMMEM�
"!�!44HIR�UA�NS�MEED�NMK�¯EKK�I¯�NMCE�
).4��#!34,%�'5%2.!4!,�-!).�(!,,� �.)'(4�� ��
.!22!4/2!¯�!QKEME�2EDLNNQ¬R�UEDDIMG��'UEMDNKM�RSQQEO¯I¯INSRK�OARRED�A�CSO�NF�AKE�¯N�AMN¯HEQ�GSAQD ¯HIR�NME�ELOKNED�B�¯HE�BQIDE�R�HNSRE�QA¯HEQ�¯HAM�¯HE�GQNNL�R�
'7%.)�UIKK�REE�NS�KA¯EQ��UNM�¯�)�
.!22!4/23HE�BQSRHED�HEQ�HAMD�AKNMG�¯HE�GSAQD¬R�RHNSKDEQ�AR�RHE�QE¯SQMED�¯N�¯HE�°I¯CHEM�
4HEŸLIMR«QEKRŸKASMCHŸIM«NŸAŸ*!5.49Ÿ45.%�
.!22!4/2!¯�¯HE�DAIR��!QKEME�¯NN°�A�DEEO�BQEA¯H��AMD�¯HEM�OAR¯ED�A�RLIKE�NM¯N�HEQ�FACE�AMD�¯SQMED�¯N�HEQ�HSRBAMD�
!2,%.%)�¯HIM°�)�RHNSKD�TEQ�LSCH�KI°E�¯N�DAMCE�MNU��L�KNQD�
!.4/.).3OKEMDIDŹ
.!22!4/24HE�CNSOKE�JNIMED�¯HE�DAMCE�FKNNQ��4HE�DAMCE�AOOQNOQIA¯E�FNQ�¯HE�CSQQEM¯�LEKND�IMTNKTED�CNSOKER�FQEPSEM¯K�RUI¯CHIMG�OAQ¯MEQR��4HIR�AKKNUED�FNQ�A�BQIEF�FEU�LNLEM¯R�NF�CNMTEQRA¯INM�BEFNQE�LNTIMG�¯N�A�MEU�OAQ¯MEQ��7EQE�.EKRNM�OQEREM¯��)¬L�RSQE�HE�UNSKD�HATE�LADE�QEFEQEMCE�¯N�RNLE�R¯NQ�)¬TE�METEQ�HEAQD�NF�
!.4/.).3N�GKAD�NS�QE�FEEKIMG�BE¯¯EQ��L�KAD�
!2,%.%-SCH��L�KNQD�
.!22!4/2!MD�UI¯H�¯HA¯��¯HE�LAQQIED�CNSOKE�LNTED�NM�¯N�¯HEIQ�MEV¯�DAMCE�OAQ¯MEQR��-EAMUHIKE��'UEMDNKM�HAD�QE¯SQMED�¯N�CHA¯¯IMG�UI¯H�¯HE�FIQR¯�GSAQD�NF�¯HE�ETEMIMG��
�-/2%
���
4HE�RECNMD�GSAQD��UHN�HAD�BEEM�UA¯CHIMG�'UEM�GN��.!22!4/2 �CNM¯�D
CNSKDM¬¯�HEKO�BS¯�MN¯ICE�¯HIR��AMD�CHNRE�¯N�RHAQE�RNLE�UNQDR�UI¯H�UI¯H�HIR�CNKKEAGSE�
-//.#2%34�'5!2$/IŹ�7HA¯�D�A�¯HIM°�NS�QE�OKAIMG�A¯�
2%$-//2�'5!2$-�NUM�BSRIMERR��!MD�)�DNM�¯�OKA�
.!22!4/2-EAMUHIKE��!QKEME�HAD�HEQ�ELO¯�FEU�RECNMDR�NF�CNMTEQRA¯INM�UI¯H�A�KNU QAM°IMG�,AD�NF�¯HE�CNSQ¯�
,!$9!�BEAS¯IFSK�UEDDIMG�FNQ�A�BEAS¯IFSK�BQIDE�
!2,%.%/H��¯HAM°�NS�
,!$9!MD�JSR¯�UHA¯�UE�MEEDED�AF¯EQ�AKK�¯HE�SMOKEARAM¯MERR�
-//.#2%34�'5!2$4HE�UEMCH�IR�CNLIMG�UI¯H�LE�
2%$-//2�'5!2$4HA¯�R�MN¯�UHA¯�RHE�¯NKD�LEŹ
-//.#2%34�'5!2$«NŸ'UEM�
7HA¯�UAR�NS�¯AK°IMG�¯N�HIL�FNQ��E�¯AQ¯�
'7%.)�NMK�DID�BECASRE�)�UARM�¯�RSQE�NS�UEQE�REQINSR�
-//.#2%34�'5!2$/H��)�L�REQINSRŹ
2%$-//2�'5!2$3N�AL�)Ź
.!22!4/2!�MSLBEQ�NF�UEDDIMG�GSER¯R�HAD�B�¯HIR�ONIM¯�¯A°EM�MN¯ICE�NF�¯HE�PSAQQEKIMG�GSAQDR��!QKEME�HAD�MN¯ICED�AR�UEKK��)M�FAC¯�RHE�UAR�UA¯CHIMG�RN�ATIDK�¯HA¯�RHE�HAQDK�MN¯ICED�UHN�UAR�HEQ�MEV¯�DAMCE�OAQ¯MEQ�
!2$%,%MJNIMG�NSQREKF��L�DEAQ�
!QKEMEŸR«IFKERŸAŸ35202)3%$Ÿ'!30�
���
!2$%,7HA¯�R�¯HE�LA¯¯EQ��.EQTNSR�FNQ�NSQ�UEDDIMG�MIGH¯��9NS�RHNSKD�BE��9NS�¯HIM°�BECASRE�NF�¯HA¯�QIDICSKNSR�HNQRE�R¯SM¯�NSQ�HSRBAMD�UIKK�BEKIETE�IM�NSQ�OSQI¯�
.!22!4/24HE�RNMG�QEACHED�¯HE�BEA¯�FNQ�OAQ¯MEQR�¯N�RUI¯CH��!QDEK�2EDLNNQ�QEFSRED�¯N�RUI¯CH�
!2$%,(E�KK�°MNU�NS�FNQ�¯HE�UHNQE�NS�AQE�AMUA��(E�KK�°MNU�NS�B�¯HE�UA�NSQ�GARH�QEE°R�NF�NSQ�UAM¯NMMERR�
.!22!4/2!R�¯HE�DAMCED��!QKEME�FSQ¯ITEK�QEACHED�HEQ�FQEE�HAMD�BEHIMD�HEQ�BAC°��¯N�UHEQE�RHE�HAD�HIDDEM�¯HE�DAGGEQ�
!2$%,(E�KK�°MNU�NS�AR�¯HE�GNDR�°MNU�NS��!R�)�TE�°MNUM�NS�RIMCE�UE�FIQR¯�BA¯HED�¯NGE¯HEQ�AR�CHIKDQEM�
.!22!4/2(EQ�RHA°IMG�FIMGEQR�FNSMD�¯HE�HIK¯�
!2$%,!MD�HE�RHAKK�KNA¯HE�NS�FNQ�¯HE�QER¯�NF�NSQ�DAR�
.!22!4/2!QKEME�RKNUK�DQEU�¯HE�DAGGEQ�FQNL�I¯R�RHEA¯H�
!2$%,.NU�GE¯�NS¯�NF�L�RIGH¯�
.!22!4/2!QDEK�FAIQK�¯HQEU�HIR�RIR¯EQ�ACQNRR�¯HE�DAMCE�FKNNQ��HEEDKERR�NF�¯HE�FAC¯�¯HA¯�I¯�UARM¬¯�ETEM�AOOQNOQIA¯E�¯N�¯HE�LSRIC��!QKEME�CASGH¯�HEQ�BQEA¯H�AR�RHE�RKID�¯HE�DAGGEQ�BAC°�IM¯N�I¯R�RHEA¯H��-EAMUHIKE��'UEM¬R�FQIEMDR�UEQE�BECNLIMG�BE¯¯EQ�ACPSAIM¯AMCER�
-//.#2%34�'5!2$$N�NS�QEAKK�UAM¯�¯N�DIE�¯NMIGH¯��NS�OAR¯�RHI¯�
2%$-//2�'5!2$"EFNQE�)�¯HNSGH¯�L�CNC°�UAR�HAQD�FNQ�HEQ��MNU�)�°MNU�I¯�R�FNQ�°IKKIMG�NS�
-//.#2%34�'5!2$)F�NS�°IKK�LE��¯HEQE�KK�BE�MN�NME�¯N�FSC°�NSQ�LN¯HEQ�R�AQRE�UHEM�RHE�R�BEGGIMG�FNQ
���
.!22!4/24HIR�PSIO�UAR�IM¯EQQSO¯ED�B�A�FIR¯�¯N�¯HE�FACE��)M�A�FKARH��¯HE�¯UN�LEM�UEQE�QNKKIMG�ACQNRR�¯HE�DAMCE�FKNNQ��¯HQNUIMG�HALA°EQ�OSMCHER�UI¯H�ABAMDNM��0AMDELNMISL�EQSO¯ED�IM�¯HE�DAMCE�HAKK��(IGHBNQM�FNK°�QAM�RCQEALIMG�IM�AKK�DIQEC¯INMR��/¯HEQ�GSAQDR�AQNSMD�¯HE�HAKK�QSRHED�¯NUAQDR�¯HE�FIGH¯��¯HE�QERONMRIBKE�NMER�¯N�BQEA°�I¯�SO��¯HE�LNQE�DQSM°EM�NMER�¯N�JNIM�IM��)M�¯HE�OAMIC��'UEM�R¯NKE�¯N�!QKEME¬R�RIDE��AMD�¯HQEU�A�OKAIM��QNSGH�BQNUM�CKNA°�NTEQ�HEQ�UEDDIMG�FIMEQIER��.NU�IMDIR¯IMGSIRHABKE�FQNL�A�OAIQ�NF�REQTAM¯R��¯HE�¯UN�DAQ¯ED�AUA�¯N�¯HE�°I¯CHEM��AMD�FQNL�¯HEQE��NS¯�IM¯N�¯HE�MIGH¯�
(1'�2)�3$57�7+5((�
���
3$57�)285�
%84��"2//+�).�4(%�7()4%�&/2%34� �$%%0%34�.)'(4�� ��
!Ÿ3-!,,Ÿ7!4%2&!,,ŸDNLIMA«ERŸ«HEŸRNSMDRCAOE�ŸNTEQŸ«HEŸN«HEQŸ3/5.$3Ÿ/&Ÿ4(%Ÿ7()4%Ÿ&/2%34�
.!22!4/2*EM�RA¯�AKNME�B�A�RLAKK�ONNK�IM�¯HE�7HI¯E�&NQER¯��DIOOIMG�HEQ�¯NER�IM�¯HE�UA¯EQ�AMD�KIR¯EMIMG�¯N�¯HE�OEACEFSK�RNSMD�NF�¯HE�UA¯EQFAKK�
2%'!./�3��
#NLE�HEQE�NF¯EM�
*%.'AHŹ�*ERSR�#HQIR¯�UE�GE¯�I¯��N°A�Ź�9NS�LNTE�PSIE¯K�
.!22!4/22EGAM�HAD��NBTINSRK��IM¯EQQSO¯ED�*EM¬R�OEACE�
*%.)�DNM�¯�°MNU�UHN�NS�TE�BEEM�HAMGIMG�NS¯�UI¯H�UHN�¯NKD�¯HA¯�RHI¯�UAR�N°A��BS¯�I¯�RCAQER�¯HE�CQAO�NS¯�NF�MNQLAK�OENOKE�
2%'!..N�MEED�¯N�BE�RCAQED��)�L�SMAQLED�
.!22!4/2*EM�QAIRED�AM�EEBQNU�A¯�¯HE�QNGSE�
2%'!.)�L�NMK�KIGH¯K�AQLED��-A�)�
*%.$N�)�QEAKK�HATE�A�CHNICE�
2%'!.)�L�LA°IMG�AM�EFFNQ¯�HEQE�
*%./°A��FAIQ�EMNSGH��3NQQ�
.!22!4/22EGAM�DQNOOED�¯N�HEQ�HASMCHER�MEV¯�¯N�*EM��&NQ�A�LNLEM¯�¯HE�¯UN�UA¯CHED�¯HE�UA¯EQ�IM�RIKEMCE�
2%'!.)�¯HIM°�UE�SH���UHA¯�R�¯HE�EVOQERRINM��ź'N¯�NFF�NM�¯HE�UQNMG�FNN¯�ź
���
*EMŸ#(/24,%3ŸDEROI«EŸHEQREKF�ŸAMDŸRNNMŸI«ŸBQEA¬RŸIM«NŸFSKK NMŸ,!5'(4%2�
2%'!.7HA¯��DID�)�RA�I¯�UQNMG�
*%..N��I¯�UAR�QIGH¯��I¯�R�JSR¯���NS�TE�GN¯�A�OQNDIGINSR�¯AKEM¯�FNQ�SMDEQR¯A¯ELEM¯�
.!22!4/24HE�RIKEMCE�QE¯SQMED��-ABE�¯HE�RE¯¯IMG�CNM¯QIBS¯ED��UA¯EQFAKK�AMD�AKK��BS¯�I¯�UAR�AM�NDDK�OEACEFSK��CNLOAMINMABKE�RIKEMCE�
2%'!.)�°IMDA�KI°E�¯HIR�RON¯�
*%.)¯�R�MN¯�BAD��9NS�CAM�HEAQ�NSQREKF�¯HIM°�
2%'!.!MD�¯HE�%KTER�CAM�¯�HEAQ�NS�¯AK°��%TEM�BE¯¯EQ�
*%.3N�SH��UHA¯�R�SO�
2%'!.5O�
*%.7H�D�NS�CNLE�HEQE�
2%'!.7EKK��)�FNKKNUED�NS�
*%..N¯�CQEEO�A¯�AKK�
2%'!.)�¯HIM°�LABE�)�LIGH¯�UAM¯�NSQ�ADTICE�
*%.!DTICE��9NS�UAM¯�L�ADTICE�
2%'!.)�RAID�LABE�
*%.7HA¯�DNER�¯HA¯���REE��¯HIR�IR�NSQ�OQNBKEL��9NS�¯AK°�IM�KI¯¯KE�KI°E�QIDDKER�NQ�RNLE¯HIMG�
���
2%'!.)�DNM�¯�DN�QIDDKER�
*%..N¯�QIDDKER�BS¯�KI°E�NS�DN�¯HIR�¯HIMG�UHEQE�NS�QE�¯HE�NMK�NME�UHN�°MNUR�UHA¯�NS�LEAM�
2%'!.-ABE�¯HA¯�R�¯HE�ONIM¯�
*%.)�°MNU�I¯�R�¯HE�ONIM¯��)�L�MN¯�R¯SOID��"S¯�NS�CAM�¯�AR°�RNLENME�FNQ�ADTICE�AMD�¯HEM�HATE�A�CNMTEQRA¯INM�JSR¯�UI¯H�NSQREKF�
.!22!4/2$EROI¯E�¯HE�CQI¯ICIRL��1SEEM�2EGAM�AC¯SAKK�RLIQ°ED�
2%'!.9NS�°MNU��KI°E�A�UEE°�AGN�NS�METEQ�UNSKDA�HAD�¯HE�GS¯R�¯N�¯EKK�LE�¯HE�¯EQLR�NF�NSQ�CNMTEQRA¯INM�
*%.9NS�°MNU�HNU�OENOKE�¯Q�¯N�GE¯�NS�¯N�DN�RNLE¯HIMG�B�RAIMG�źUHA¯�R�¯HE�UNQR¯�¯HA¯�CAM�HAOOEM�ź�9ER¯EQDA�)�FEK¯�LREKF�AROHVIA¯E�¯N�DEA¯H��4HA¯�R�I¯��4HA¯�R�¯HE�UNQR¯�¯HA¯�CAM�HAOOEM��%TEQ¯HIMG�REELR�A�KN¯�KERR�RCAQ�MNU��)�L�LNQE�RCAQED�NF���MN¯�DNIMG�AM¯HIMG�
2%'!.4HE�UNQR¯�¯HIMG�)�REEM�HAOOEM�¯N�RNLEBND
*%. 9NS�°MNU�UHA¯��$NM�¯�MEED�¯N�°MNU�
2%'!.)�UNM�¯�KIE��)�AL�GKAD�NS�RSQTITED�
*%.'EE��¯HAM°R�
2%'!.-�ONIM¯�IR�DNM�¯�GN�¯HIM°IMG�I¯�LEAMR�NS�°MNU�RHI¯�MNU��¯HNSGH��9NS�DNM�¯�
*%.9NS�°MNU�)�L�OQE¯¯�¯IQED�NF�OENOKE�¯QEA¯IMG�LE�KI°E�¯HA¯�
2%'!.0QNTE�¯HEL�UQNMG�
���
*%.)�RHNSKDM�¯�HATE�¯N�
2%'!.!MD�)�RHNSKD�BE�LSMICIOAK�CSM¯ °IRR�IMROEC¯NQ�FNQ�&QEE�7IME�#I¯�BS¯�HEQE�UE�AQE�
*%.7HA¯�DID�NS�UAMMA�¯AK°�ABNS¯�
2%'!.%H��.ETEQLIMD�
.!22!4/2!BQSO¯K��2EGAM�R¯NND�
*%.7AI¯��UAI¯��AF¯EQ�AKK�¯HA¯�
2%'!.9NS�DNM�¯�°MNU�AM¯HIMG��NS�CAM�¯�HEKO�LE�
*%.7HA¯�¯HE�FSC°�ETEM�AQE�NS�
2%'!.7EKK�)�L�MN¯�RNLE�KI¯¯KE�GIQK�UHN�DNERM�¯�°MNU�AM¯HIMG��¯HA¯�R�FNQ�RSQE�
*%.(E�RCQEU�NS��N°A�
2%'!.)�DNM�¯�RCQEU�°IDR�
*%.3¯NO�¯HA¯�
2%'!.3N�NS�DN�UAM¯�LE�¯N�RCQEU�NS�
*%.&SC°�NS�
2%'!.&SC°�LE�
*%.9EAH��FSC°�NSŹ�$N�NS�ETEQ�RHS¯�¯HE�FSC°�SO�
���
2%'!.&SC°�LE��)�L�¯HE�FSC°IMG�1SEEM��9NS�QE�JSR¯�A�R¯SOID�FSC°IMG�GIQK��&SC°�NS��R¯SOID�GIQK��7HA¯�¯HE�FSC°�DN�NS�°MNU�
.!22!4/22EGAM�UAR�MEAQK�GNME�FQNL�¯HE�CKEAQIMG�UHEM�*EM��KNN°IMG�NS¯�NTEQ�¯HE�UA¯EQFAKK��RON°E�PSIE¯K�
*%.)�°MNU�NSQ�CA¯�R¯NQ�UAR�BSKKRHI¯�
.!22!4/2!�¯IGH¯�RLIKE�OARRED�NTEQ�2EGAMR�FACE��RHNUIMG�AR�LSCH�OAIM�AR�GQA¯IFICA¯INM��3HE�HID�HEQ�EVOQERRINM�AGAIM�BEFNQE�QE¯SQMIMG�¯N�¯HE�UA¯EQRIDE�
2%'!.7HA¯�UAR�¯HA¯�
*%.4HE�R¯NQ�NS�¯NKD�LE��UHEQE�NS�UEQE�A¯�¯HE�NQOHAMAGE�AMD�NS�HAD�¯N�BSQ�NSQ�CA¯��)¯�UARM�¯�NSQ�CA¯��)¯�UAR�NSQ�RIR¯EQ�
!�BEA¯�
2%'!.!MD�UHA¯�GATE�NS�¯HA¯�IDEA�
*%.9NSQ�R¯NQ�JSR¯�METEQ�FI¯�¯NGE¯HEQ�QIGH¯��9NS�¯AK°ED�ABNS¯�NSQ�RIR¯EQ�IM�¯HE�BEGIMMIMG�BS¯�METEQ�RAID�UHA¯�HAOOEMED�¯N�HEQ��0KSR�HNMER¯K��)�DNM�¯�°MNU�IF�AMNME�OIC°R�SO�A�RUNQD�AMD�R¯AQ¯R�°IKKIMG�ETEQ¯HIMG�BECASRE�¯HEIQ�OE¯�DIED��!�RIR¯EQ�¯HNSGH�
2%'!.-ABE�)�JSR¯�QEAKK�KI°ED�¯HA¯�CA¯�
*%.7HEM�NS�°MIGH¯ED�"QEMMEM�NS�RAID�NSQ�LIDDKE�MALE�UAR�-AQGAQE¯��9NS�ETEM�SRED�I¯�AR�NSQ�AKIAR�UI¯H�9KKNUM�R�OAQEM¯R��9NS�QE�-AGGIE��MN¯�¯HE�CA¯��7HICH�UNSKD�LA°E�NSQ�RIR¯EQ�#A¯IE�
!�FEU�LNQE�BEA¯R�
2%'!.)�DID�QEAKK�HATE�A�CA¯��)¯�QEAKK�DID�DIE��4HE�GNDR�HATE�¯HIR�GQEA¯�UA�NF�¯EACHIMG�NS�¯HE�HAQDER¯�KERRNMR�NTEQ�AMD�NTEQ�AGAIM�
���
*%.&EEK�A�¯HEQE�
2%'!.!MD�)�QEAKK�DID�KI°E�¯HA¯�CA¯�
*%."S¯�NSQ�RIR¯EQ���
2%'!.���#A¯IE�UAR�L�RNSK��)�¯HIM°�
*%.DEEOK©ŸLNTED�
3NQQ�
2%'!.MSLB�
9NS�DIDM�¯�°IKK�HEQ��!MD�NS�JSR¯�EAQMED�A�RON¯�IM�L�RLAKK�CNSMCIK��3N�UHA¯�DN�)�A¯�¯HIR�LEE¯IMG�¯NDA�
.!22!4/2*EM��AKQEAD�RSQOQIRED�B�2EGAM¬R�CAMDNQ��UAR�MN¯�OQEOAQED�FNQ�¯HE�ABQSO¯�CHAMGE�NF�RSBJEC¯�
*%.9NS�LEAM�DN�NS�¯EKK�¯HEL�NS�QE
2%'!. 3HH�
*%.PSIE«EQ�
4EKK�¯HEL�NS�QE�1SEEM�
2%'!.9EAH��7HA¯�DN�NS�¯HIM°�
*%.)�¯HIM°�NS�RHNSKD�DN�I¯�
2%'!.7NSKD�NS�
*%.9ER�
2%'!.3N�UE�QE�R¯IKK�HNQRERHI¯¯IMG�EACH�N¯HEQ��¯HEM�
*%.)�D�UAMMA�DN�I¯��7HE¯HEQ�NQ�MN¯�)�AC¯SAKK�CNSKD���)�R¯IKK�¯HIM°�NS�RHNSKD�DN�I¯�
���
2%'!.7H�
*%.9NS�CAM�DN�LNQE�GNND�¯HA¯�UA�
2%'!.'NND��7HA¯�DNER�¯HA¯�LEAM��'NND�FNQ�UHN�
*%.*SR¯�GNND��*SR¯�QEGSKAQ�GNND��'NND�FNQ�ETEQBND�
2%'!.7HA¯�R�IM�I¯�FNQ�LE�
*%.4HA¯�R�MN¯�UH�NS�DN�GNND�R¯SFF�
2%'!.4HA¯�R�MN¯�UH�©NS�DN�GNND�R¯SFF��7H�RHNSKD�)�OS¯�L©�MEC°�NM�¯HE�BKNC°�
*%.4HEQE�R�A�KN¯�NF�#A¯IER�NS¯�¯HEQE��4HE�LNQE�GNND�¯HEQE�IR�IM�¯HE�UNQKD��¯HE�LNQE�NF�¯HEL�GE¯�¯N�GQNU�SO�
2%'!.4HA¯�R�A�MICE�KI¯¯KE�¯HNSGH¯��"S¯�)�DNM�¯�JSR¯�RA�ź)�L�1SEEM�ź�AMD�¯HEM�RATE�¯HE�UNQKD��%TEM�IF�¯HE�%KTER�DN�BAC°�LE�SO��¯HEQE�R�A�KN¯�NF�°IKKIMG�BE¯UEEM�HEQE�AMD�¯HE�¯HQNME�
*%.4HA¯�HARM�¯�R¯NOOED�NS�BEFNQE�
2%'!.#NSKD�BE�LE�¯HA¯�GE¯R�°IKKED��/Q�NS��/Q�"IKK�
*%.3IMCE�)�TE�BEEM�HEQE�I¯�R�A�QAQE�DA�AMUA�UHEM�RNLENME�IRM�¯�¯QIMG�¯N�LSQDEQ�SR�UI¯H�RUNQDR�
2%'!.&SM��HSH�
*%./NDKER�
.!22!4/22EGAM¬R�FACE�AGAIM�R¯QE¯CHED�IM¯N�A�CQSDE�LNC°EQ�NF�A�GQIM��AMD�¯HEM�RHE�¯SQMED�NMCE�LNQE�¯N�KEATE�
���
*%.(E��7H�LE�
2%'!."QEMMEM�R�A�GNND�LAM��BS¯�HE�OQE¯¯�LSCH�JSR¯�DNER�UHA¯�HE�R�¯NKD��)�UAM¯ED�¯HE�GNND GNND�AMRUEQ�BS¯�)�UAM¯ED�¯N�HEAQ�¯HE�RLAQ¯�TEQRINM�NF�I¯�
*%.9NS�UEQE�¯ER¯IMG�LE�BEFNQE��RAIMG�)�DIDM�¯�°MNU�AM¯HIMG��3EEIMG�UHA¯�)�D�DN�
2%'!.,N�AMD�BEHNKD�L�KNQDR�AMD�KADIER��3HE�GQNUR�RLAQ¯EQ�BEFNQE�NSQ�TEQ�EER�
*%.$ID�NS�¯HIM°�)�D�OARR�
2%'!.$IDM�¯�°MNU�FNQ�RSQE��4HA¯�R�UH�)�¯ER¯ED�NS�
*%.9EAH�BS¯��NS�°MNU��IF�NS�UEQE�A�GALBKIM��GAK�
2%'!.)�¯HIM°�OQNBABK�)�DA�BE¯�NM�NS�
*%.7H�
2%'!.)�UAR�ILOQERRED�B�NSQ�KI¯¯KE�HEIR¯�¯HEQE��UHEQE�NS�QEKIETED�*ALIE�-C3HAME�NF�HIR�HEAQ¯BEA¯�
.!22!4/2*EM�KNN°ED�DNUM�A¯��RSDDEMK�FEEKIMG�IKK�UI¯H�GSIK¯�
2%'!.4HA¯�AMD�¯HE�SH����BWW«��)�L�¯HIM°IMG�LABE�NS�QE�A�FIGH¯EQ�AF¯EQ�AKK��.N¯�A�GNND�NME��9E¯��"S¯�NS�QE�A�KN¯�R¯QNMGEQ�¯HAM�NS�KNN°�
*%.)�UAMMA�¯EKK�NS�RNLE¯HIMG��!BNS¯�LREKF�
2%'!.7H�
*%.)�L�¯IQED�NF�BEIMG�RCAQED�NF�I¯��)�UAMMA�¯EKK�RNLENME�
���
2%'!.9EAH��BS¯��LE�
*%.4QSR¯�LE��¯HE�IQNM�IR�MN¯�KNR¯�NM�LE��"S¯�)�JSR¯�QEAKIWED�NS�QE�¯HE�NMK�OEQRNM�UHN�R�ETEQ�CAKKED�LE�R¯QNMG�
2%'!.!KK�QIGH¯��IF�NS
*%. 1SIE¯�BEFNQE�)�USRR�NS¯��)�UAR�EKETEM�UHEM�L�DAD�KEF¯��4HA¯�UAR�QIGH¯�AQNSMD�UHEM�)�GN¯�IM¯N�CHEEQKEADIMG��-�LNL�RAID�I¯�UAR�GNND�FNQ�LE�¯N�BE�FQIEMDR�UI¯H�¯HE�źMICE�GIQKRź�NM�¯HE�RPSAD��!MD�¯N�HATE�źADSK¯�RSOEQTIRINMź�AF¯EQ�RCHNNK��-Q��-C#QEAQ�UAR�¯HE�JSMINQ�HIGH�CHEEQKEADIMG�CNACH��)�GSERR�A�CNACH�IR�KI°E��SH��
2%'!.3NLENME�¯HE�QSKER�RAID�NS�HAD�¯N�KIR¯EM�¯N�
*%.9EAH��%VAC¯K��UHEM�NS�OS¯�I¯�¯HA¯�UA�
*EM�OASRER�NME�KAR¯�¯ILE�
*%.(E�SRED�¯N�UA¯CH�LE�IM�¯HE�KNC°EQ�QNNL��(E�D�°EEO�LE�BAC°�AF¯EQ�¯HE�N¯HEQ�GIQKR�HAD�KEF¯��GITE�LE�RNLE�¯UN�LIMS¯E�CHEEQKEADIMG�ONIM¯EQ�¯HA¯�)�AKQEAD�FSC°IMG�°MEU��AMD�¯HEM�HE�D�GN�źGQEA¯��9NS�CAM�GE¯�CHAMGED�MNU�ź�%TEQ�¯ILE��JSR¯�KI°E�¯HA¯��!MD�HE�D�R¯AMD�IM�¯HE�DNNQUA��JSR¯�¯N�LA°E�RSQE�)�°MEU�)�CNSKDM�¯�GE¯�AQNSMD�HIL��(E�DIDM�¯�RA�AM¯HIMG�BS¯�)�GN¯�I¯��4HE�BER¯�OAQ¯�IR��¯HE�FIQR¯�¯ILE�I¯�HAOOEMED�HE�AC¯SAKK�R¯AQ¯ED�B�¯AK°IMG�¯N�LE�ABNS¯�L�DAD�AMD�UHE¯HEQ�)�UAR�DNIMG�N°A��)�QEAKK�¯HNSGH¯�HE�CAQED��SM¯IK���EAH�
3HEŸ%8(!,%3ŸFNQŸAŸBEA«�
*%.)�¯HIM°�LABE�OENOKE�°MEU��BS¯�A¯�¯HE�RALE�¯ILE�MN�NME�°MEU��9NS�°MNU�HNU�¯HA¯�GNER��3HAMMNM�°EO¯�LA°IMG�¯HERE�CNLLEM¯R�¯N�LE�KI°E�HNU�)�GN¯�AKK�¯HE�A¯¯EM¯INM�FQNL�LEM��)�¯HIM°�RHE�UAR�AC¯SAKK��GEMSIMEK�JEAKNSR��"I¯CH�
2%'!.7HA¯�DID�NS�UAMMA�GE¯�FQNL�¯EKKIMG�LE�¯HA¯�
���
*%.9NS�METEQ�KITED�IM�A�RLAKK�¯NUM��%TEQNME�GE¯R�RN�JSDGE��)F�NS�¯Q�¯N�¯EKK�¯HEL�¯HA¯�RNLE¯HIMG�ABNS¯�¯HEIQ�¯IM�KI¯¯KE�UNQKD�IR�¯N¯AKK�FSC°ED��I¯�R�NSQ�FASK¯�FNQ�QNC°IMG�¯HE�BNA¯��.N�NME�ETEQ�RAID�I¯�NS¯�KNSD�BS¯�¯HEQE�LIGH¯�AR�UEKK�HATE�BEEM�A�GNDDALM�BIKKBNAQD�NM�¯HE�HIGHUA��ź$NM�¯�LA°E�¯QNSBKE��KI¯¯KE�GIQK�ź�)�JSR¯�UAM¯ED�¯N�RA�I¯�NS¯RIDE�NF�¯HA¯�BSKKRHI¯��9NS�QE�A�KN¯�NF�¯HIMGR�-AGGIE�
.!22!4/22EGAM�QAIRED�AM�EEBQNU�A¯�¯HIR�MEU�ADDQERR��BS¯�OEQLI¯¯ED�I¯�
*%."S¯�NS�QE�MN¯�¯HE�°IMD�¯N�JSDGE�A�GAK�FNQ�R¯AQ¯IMG�¯QNSBKE�
.!22!4/24HE�¯UN�KNN°ED�NS¯�NTEQ�¯HE�UA¯EQFAKK��!F¯EQ�A�LNLEM¯��2EGAM�¯SQMED�¯N�*EM��QAIRED�A�HAMD AMD�GATE�*EM�¯UN�FIQL�OA¯R�NM�¯HE�CHEE°��4HIR�UAR�¯HE�LNR¯�AFFEC¯INM�!EQNMA�2EGAM�HAD�RHNUM�¯N�AM�OEQRNM�IM�LAM��LAM�EAQR�
2%'!.9NS�RHNSKD�GE¯�RNLE�QER¯��GIQK��-IGH¯�BE�)�L�GNMMA�R¯AQ¯�RNLE�¯QNSBKE�RNNM�
).4��4/7%2�).�#!34,%�'5%2.!4!,� �,!4%��,!4%�.)'(4�� ��
.!22!4/2,A¯EQ�¯HA¯�MIGH¯��A�QA¯HEQ�DQSM°�!M¯NMIM�-NNMCQER¯�R¯SLBKED�SO�¯HE�ROIQAK�R¯AIQCARE�¯NUAQDR�HIR�MEU�BQIDE¬R�BEDCHALBEQR��(IR�JNSQME�SO�¯HE�R¯AIQCARE�UAR�QA¯HEQ�AQDSNSR��ILOEDED�AR�HE�UAR�B�¯HE�AKCNHNK��(E�QEACHED�¯HE�¯NO�ETEM¯SAKK��HNUETEQ�
).4��"%$2//-�).�#!34,%�'5%2.!4!,� �#/.4).5/53�� ��
.!22!4/2(E�UAR�RSQOQIRED�¯N�REE�¯HA¯�!QKEME�-NNMCQER¯��MEE�2EDLNNQ��UAR�MN¯�IM�HEQ�CHALBEQR��(IR�CNMFSRINM�RNNM�¯SQMED�¯N�QIGH¯ENSR�IMDIGMA¯INM��AR�HIR�LIMD�TEQ�PSIC°K�CNMR¯QSC¯ED�A�R¯NQ�AR�¯N�UHA¯�BECALE�NF�HIR�UIFE�
!.4/.).!QDEK�2EDLNNQ��NS�RNM�NF�A�UHNQEŹ
���
%84��'2%!4�#/5.#),�#(!-"%2� �-/2.).'�� ��
/-)4
%84��',!#)!,�0,!.%� �-/2.).'�� ��
.!22!4/2/M�A�FQNR¯ED�QNAD�RNS¯HUER¯�NF�#AR¯KE�'SEQMA¯AK��A�HNQRE DQAUM�UAGNM�CKNLOED�RKNUK�¯HQNSGH�¯HE�MIGH¯��)¯¬R�FQEIGH¯�UAR�A�RHIOLEM¯�NF�FNND��AKK�R¯NUED�IM�BAQQEKR�AMD�RAC°R��4UN�AQLED�LEM�QNDE�IM�FQNM¯�AMD�FNSQ�LNQE�ERCNQ¯ED�I¯�NM�HNQREBAC°��4HE�UEQE�AKK�NF�¯HEL�CKAD�IM�¯HE�RILOKE�QAILEM¯R�NF�¯HE�#ITIC�'SAQD¬R�&QEEHNKD�GAQQIRNM�
.NME�MN¯ICED�¯HE�UEKK HNMED�°MIFE�¯HA¯�CS¯�¯HQNSGH�NME�NF�¯HE�RAC°R�FQNL�UI¯HIM��!R�NS�LA�HATE�GSERRED��¯HIR�UAR�¯HE�°MIFE�¯HA¯�HAD�BEKNMGED�¯N�2IC°AQD�2EDLNNQ��SM¯IK�HIR�CNSRIM�!QKEME�¯NN°�I¯�FQNL�HIL�
).4��'2%!4�#/5.#),�#(!-"%2� �-/2.).'�� ��
.!22!4/2!R�¯HE�RSM�QNRE�ABNTE�¯HE�7HI¯E�&NQER¯��"QEMMEM��2EGAM��.IA��AMD�9KKNUM�FNSMD�¯HELREKTER�R¯AMDIMG�IM�FQNM¯�NF�¯HE�LNR¯�LARRITE�¯QEE�AM�NF�¯HEL� �AOAQ¯�FQNL�¯HE�%KF�NF�CNSQRE� �HAD�ETEQ�REEM��4HE�¯QSM°�I¯REKF�CNSKD�HATE�FI¯�NME�NF�"IKK¬R�©&NN¯BAKK�FIEKDRª��4HE�BAQ°�NF�¯HIR�¯QEE�HAD�BEEM�QEOKACED�EM¯IQEK�UI¯H�UNQ°ED�RIKTEQ��CAQTED�¯N�DEOIC¯�¯HE�GQEA¯�HEQNER�AMD�BA¯¯KER�NF�¯HE�%KTEM�HIR¯NQIER��!¯�OQECIREK�¯HE�AOONIM¯ED�¯ILE��¯HE�LARRITE�DNNQR�CQEA°ED�NOEM�RKNUK��/F�CNSQRE�¯HE�CQEA°ED�
7I¯HIM�RA¯�&IF¯EEM�QEGAK KNN°IMG�%KTER��IMCKSDIMG�BN¯H�NF�9KKNUM¬R�OAQEM¯R��4HIR�UAR�¯HE�#NSMCIK�NF�%KDEQR��4HE�UEQE�AKK�DQERRED�EM¯IQEK�IM�GNKD��MN¯�¯HE�CNKNQ��BS¯�AC¯SAK�LE¯AK��4HE�BID�"QEMMEM�BEGIM�HIR�¯AKE��FQNL�¯HE�BEGIMMIMG�
"2%..%.-�,NQDR��)LAGIME�IF�NS�CAM��UHA¯�KIFE�IR�KI°E�FNQ�A�QABBI¯
.!22!4/2 3NQQ��I¯R�A�TEQ�KNMG�R¯NQ��KE¯¬R�R°IO�¯N�¯HE�IM¯EQER¯IMG�OAQ¯�
���
"2%..%.3N��KEF¯�UI¯H�MN�N¯HEQ�NO¯INMR��(IR�,A¯E�-AJER¯�RNSGH¯�¯N�FKEE�HIR�NUM�(NSRE��UI¯H�L�HEKO��AMD�¯HA¯�NF�L���AQLRBEAQEQ��-AQGAQE¯��)M�NSQ�A¯¯ELO¯��UE�UEQE�BERE¯�B�LEM A¯ AQLR�IM�¯HE�ELOKN�NF�,NQD�2EDLNNQ��)¯�UAR�NME�NF�¯HERE�LEM�UHN�°IKKED�+IMG�'SM¯HEQ��,AR¯�)�HAD�HEAQD��2EDLNNQ�UAR�¯QIMG�¯N�KA�¯HE�BKALE�SONM�L�AQLRBEAQEQ�
.!22!4/24HE�%KTEM�#NSMCIK��MN¯�OQNME�¯N�HAR¯E��CNMRIDEQED�¯HE�R¯NQ��4HE�(IGH�#HAMCEKKNQ�NF�¯HE�#NSMCIK��LNQE�AMCIEM¯�¯HAM�AM�¯UN�N¯HEQR�IM�¯HE�QNNL�CNLBIMED��RA¯�KI°E�A�R¯A¯SE��AK¯HNSGH�HIR�EER�UEQE�AR�RHAQO�AR�A�HAU°��2EGAM��¯NN��RSQTEED�¯HE�QNNL�UI¯H�EAGKE EER��%TEQ�FIBEQ�NF�HEQ�UEKK ¯ELOEQED�BND�¯IMGKED��AR�IF�RHE�UEQE�QEAD�¯N�R¯AQ¯�A�FIGH¯�UI¯H�¯HE�UHNKE�CNSMCIK NQ�¯N�FKEE�NM�A�LNLEM¯¬R�MN¯ICE�
&IMAKK��A�CNSMCIK LELBEQ�RON°E��9KKNUM¬R�LN¯HEQ��AR�I¯�HAOOEMED�
799.!MD�UAR�¯HE�+AK¯H�Q�¯N�(NSRE�'SEQMA¯AK�OQEREM¯�FNQ�AM�NF�¯HERE�ETEM¯R�
.!22!4/2&NQ�NMCE��¯HE�+AK¯H¬Q�KN 'SEQMA¯AK�KNN°ED�KI°E�A�RLAKK�CHIKD��BEIMG�ADLNMIRHED�B�HIR�LN¯HEQ�FNQ�OKAIMG�IM�¯HE�LSD�
9,,/799.)�UAR�MN¯��"S¯�)�CAM�TNSCH�UI¯H�¯HE�S¯LNR¯�CNMFIDEMCE�FNQ�3IQ�"QEMMEM�R�CHAQAC¯EQ��AMD�HIR�KNAK¯�¯N�¯HE�+IMG�
"!�!45MFNQ¯SMA¯EK��¯HIR�IR�NME�NF�¯HE�QAQE�¯ILER�UHEM�KNAK¯�HAR�DAMGEQNSR�ON¯EM¯IAK��3SOONRIMG��JSR¯�FNQ�A�LNLEM¯��¯HA¯�(IR�,A¯E�-AJER¯��DID�IM�FAC¯�HATE�OKAMR�CNSM¯EQ�¯N�¯HE�KAUR�NF�LEM��IR�I¯�CNMCEITABKE�¯HA¯�3IQ�"QEMMEM�UNSKD�DECEITE�¯N�CNMCEAK�¯HIR�
.!22!4/22EGAM�NOEMED�HEQ�LNS¯H��AR�IF�¯N�QE¯NQ¯��BS¯�¯HE�NKD�GEMEQAK�OQE ELO¯ED�HEQ�
"2%..%.)�UNSKD�DN�AM¯HIMG�FNQ�(IR�-AJER¯��"S¯�MN�LAM�¯QISLOHR�IF�!QDEK�2EDLNNQ�QSKER�
.!22!4/2!¯�¯HIR��ETEQ�LELBEQ�NF�¯HE�#NSMCIK�¯SQMED�¯N�¯HE�(IGH�#HAMCEKKNQ��
�-/2%
���
4HE�NKD�%KF�QELAIMED�R¯IKK�AR�A�R¯A¯SE��CNMRIDEQIMG��.!22!4/2 �CNM¯�D
&IMAKK��HIR�HEAD�BNUED��BAQEK�A�FQAC¯INM�NF�AM�IMCH�
799.)�¯HIM°�)�LA�ROEA°�FNQ�¯HE�#NSMCIK�IM�RAIMG�UE�AQE�RSFFICIEM¯K�DSBINSR�NF�¯HE�KEGAKI¯�NF�2EDLNNQ�R�QSKE��7E�UNSKD�EMDNQRE�AM�AC¯INM�NS�¯A°E�¯N�SMREA¯�HIL�
.!22!4/2"QEMMEM�AMD�9KKNUM�BN¯H�QEKAVED�TIRIBK�A¯�¯HIR��2EGAM��HNUETEQ��DID�MN¯�
"2%..%.4HA¯�IR�LNR¯�EVCEKKEM¯�MEUR��4H�AD��3ADK��AR�)�HATE�RAID��¯HE�BE¯¯EQ�OAQ¯�NF�L�AQLIER�HAR�BEEM�RKAIM�NQ�RCA¯¯EQED�DSQIMG�2EDLNNQ�R�CNSO��7E�HAD�HNOED�¯HA¯��GITEM�¯HIR��AKNMG�UI¯H�¯HE�EMCQNACHLEM¯�NF�'EMEQAK�4QAF¯�NM¯N�CITIKIWED�KAMDR��UE�LIGH¯�HSLBK�OKEAD�ARRIR¯AMCE�FQNL�¯HE�+MIGH¯R�NF�¯HE�7NND�
"!�!47E�¯HNSGH¯�NS�LIGH¯��4HE�CNSMCIK�UIKK�KE¯�¯HE�(IGH�#NLLAMDEQ�4H�AD�2��KN 4H�¯�ROEA°�¯N�¯HA¯�
29�9'QA¯I¯SDE�¯N�¯HE�#NSMCIK�FNQ�FNQ�¯HE�FKNNQ�
.!22!4/29NS�LIGH¯�QECAK��#NLLAMDEQ�4H¬AD�2¬�KN 4H¬¯�FQNL�"QEMMEM¬R�QE ¯EKKIMG�NF�¯HE�¯ILE�HE�LE¯�¯HE�QEBEK�4QAF¯��RIV¯EEM�EAQR�OQINQ��4HE�CNLLAMDEQ�R¯NND��ARRERRIMG�¯HE�ONNQ�HEAK¯H�NF�HEQ�FNQLEQ�CNKKEAGSE��"QEMMEM�KNN°ED�AR�IF�HE�HAD�AGED����EAQR�IM�¯HE�OAR¯�����2¬�KN 4H¬¯��NF�CNSQRE��HADM¬¯�ETEM�AGED�A�MIGH¯��2EGAM�LAQ°ED�HEQ�TEQ�UEKK�
29�9)F�)�HATE�SMDEQR¯NND�NSQ�¯ER¯ILNM�CNQQEC¯K�I¯�REELR�(NSRE�'SEQMA¯AK�UAR�IMDEED�GQATEK�UQNMGED�UHEM�,NQD�2EDLNNQ�ARRSLED�2EGEMC�
"2%..%..N¯�UQNMGED��4H�AD��2SIMED�
29�9"S¯�I¯�HAR�METEQ�BEEM�¯HE�CHAQGE�¯HE�4H�AQ�KN (K��MNQ�NF�AM�%KTER�NF�¯HA¯�LA¯¯EQ��¯N�RE¯¯KE�¯HE�FESDR�NF�LEM�
.!22!4/2"QEMMEM�¯QIED�TAKIAM¯K�¯N�HIDE�¯HE�DIRAOONIM¯LEM¯�FQNL�HIR�FACE�
���
"2%..%./F�CNSQRE��4H�AD��"S¯�AR�UE�HATE�RAID��UE�¯HIM°�¯HE�SMKAUFSK�DER¯QSC¯INM�NF�L�AQLIER��CNLBIMED�UI¯H�¯HE�¯HQEA¯�NF�4QAF¯��CQEA¯ER�A���A���
.)!%V¯EMSA¯IMG�CIQCSLR¯AMCE�
"2%..%.!E�
29�9)�L�TEQ�RNQQ�ABNS¯�NSQ�LEM��3IQ�"QEMMEM��)�L�CEQ¯AIM�¯HE�UEQE�BQATE�FIGH¯EQR��UHN�DEREQTED�KNMGEQ�KITER�AMD�LNQE�HNMNQABKE�DEA¯HR��!MD�UE�AQE�UA¯CHIMG�¯HE�HAKF /QC�CAQEFSKK��"S¯�¯HE�#NMCNQDA¯�IR�TEQ�CKEAQ��4HE�4H�AQ�KN (K�UIKK�MN¯�EMFNQCE�¯HE�IMHEQI¯AMCE�KAUR�NF�LEM�SMKERR�¯HEQE�IR�A�TIABKE�KIME�NF�RSCCERRINM�
.!22!4/22EGAM¬R�LSRCKER�¯EMRED��MEAQK�ILOEQCEO¯IBK��(EQ�EER�RCAMMED�EACH�NF�¯HE����%KTER�NM�¯HE�#NSMCIK��AR�IF�REAQCHIMG�FNQ�RNLE�HIM¯�NF�¯HEIQ�¯HNSGH¯R�
29�9.NU��IF�NS�UEQE�¯N�LA°E�SR�AUAQE�NF�RNLE�OEQRNM�NF�OQNCQEA¯ITE�AGE��UI¯H�RNLE�¯EMABKE�CKAIL�¯N�¯HE�(IGH�4HQNME��¯HIR�UNSKD�BE�A�DIFFEQEM¯�CNMTEQRA¯INM��"S¯�SM¯IK�¯HEM��¯HIR�IR�A�FESD�BE¯UEEM�(NSRER�AMD�UE�RILOK�HATEM�¯�¯HE�QERNSQCER�¯N�IM¯EQTEME�IM�ETEQ�NME�NF�¯HNRE�
.!22!4/2"QEMMEM��HIR�NKD�RNKDIEQ¬R�DIRCIOKIME�ETIDEM¯��°EO¯�HIR�EER�AFFIVED�¯N�#NLLAMDEQ�2¬�KN 4H¬¯��.IA��HNUETEQ��CNSKDM¬¯�HEKO�BS¯�FKIC°�HEQ�EER��PSIC°K��NTEQ�¯N�2EGAM��&NQ�HEQREKF��2EGAM¬R�GAWE�BNQE�IM¯N�¯HE�BAC°�NF�¯HE�#NLLAMDEQ¬R�HEAD�
799.3IQ�"QEMMEM��DN�NS�°MNU�NF�AM�RSCH�OEQRNM�
.!22!4/2&IF¯EEM�OAIQR�NF�%KTIRH�EER�BNQE�DNUM�IM¯N�¯HE�NKD�GEMEQAK¬R�FACE��UHICH�HAD�¯SQMED�¯N�R¯NME��(E�UAR�¯NN�DIRCIOKIMED�¯N�KNN°�¯N�HIR�1SEEM��¯HNSGH�HE�UAR�EM¯IQEK�A¯�¯HE�LEQC�NF�HEQ�DECIRINM�
!EQNMA�-AQGAQE¯�2EGAM�R¯SDIED�¯HE�QNNL��AMD�HEQ�BQEA¯HIMG�RKNUED��.NU��)¬TE�FQIEMDR�UHN�AQE�BSRH�ROQI¯ER�IM�¯HE�MNQ¯HEQM�DEREQ¯R��
�-/2%
���
4HE�HAD�KNMG�¯NKD�LE�NME�NF�¯HE�LNR¯�LAGMIFICEM¯�.!22!4/2 �CNM¯�D
EVOEQIEMCER�IM�¯HIR�UNQKD�IR�¯N�BEHNKD�IR�A�R¯AK°IMG�KINMERR��AR�RHE�DECIDER�UHE¯HEQ�¯HE�LNLEM¯�IR�QIGH¯�¯N�ONSMCE��!M�IMR¯AM¯�¯NN�RNNM�AMD�RHE�UIKK�BE�RON¯¯ED�AMD�ETADED��!M�IMR¯AM¯�¯NN�KA¯E�AMD�¯HE�NOONQ¯SMI¯�UIKK�EKSDE�HEQ��4HE�IMR¯IMC¯R�QEPSIQED�¯N�LA°E�RSCH�A�DECIRINM�AQE�A�LAQTEKNSR��OEQFEC¯�CQEA¯INM�NF�MA¯SQE�
)�°MEU�¯HEM�¯HE�AUFSK�BEAS¯�NF�UHICH�L�FQIEMDR�RON°E��2EGAM�HAD�QEACHED�HEQ�DECIRINM��3HE�DQEU�A�DEEO�BQEA¯H�¯N�ROEA°�
086,&�
(1'�2)�&+$37(5�
���
top related