!
!
!
!
!
!
!
! !
!
!
!
!
!
"#$%&'!(!
)$*+!,-./0.,,&-!1!2-&345/4!
!
!
!
!
!
6'5-7&.$&'!58!!! 95//&!:%&-&0&!;#2'&0/&0!
! ! ! <5-'./!=58&!
>-?/@5-!A#00!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
2
!
!
!
!
!
!
P.!'-#-!5'!!"#$%&'()%)*+,&%'%-*.,/')01&%2'/%3+,4(5,1%21,51(!F!!
Q&'!&-!/&''#,,!$&''&!"#$%&'!%5/$R&-!#3F!<&//&0C&-!#4!3&/.4%&'&-!.!B#-4&!0#3!7&0'&33&-!0&4!2#-!
S!4@T-&!"D$0!4#$%&'!'.R4@&/4&R.4!4@&//#3!,-5C'.0C!4#$%&'F!!A#RC!0#3!#8&-!%&R&!R5/$&'!%@&R,&-!
3&//&0C&-!0#3!0'S-!D'&/2#-!3&/.4%&'&/&!3&$!%8&-$540R.4&!#,,458&-F!Q&'!$-&.&-!0&4!#3!S!!850C&!&/!
7.R+!CR.,,&!&/!,R&/+!-?$$&!&/!45-50@&+!%&/4&!#,,!&/!R53,&!&RR&-!35R&!&'!%D0+!D'&/!S!0CDRR&!%5!/#&!
'.R75C&U!Q&/!2T-0'&!DC5!.!@D/.!%8&-'!S-!5--5/4&-&0!"#$%&'+!7R.!3&$!,S!7&8&4&R0&/!0#3!8.R!2#-5/$-&!
8&-$&/!4@&//#3!03S!'./4!4@#-'[email protected]%&'U!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
3
!"#$%&'()*++$,($-./$0$1,.2345,)(3$
W&0D0M!
X'!58!$&!'?$&R.40'&!C@&//&'&4/&/&!,S!W&0D!R.8!85-!4#$%&'&/F!P.'/&07?-$&'!#3!%53!.!Y,#0'R&/&0!
4@&-/./4&-!GJ+!Z[!&-!/&''#,,!$&''&M!
\/&3R.4!5'!W&0D0!2-5!B505-&'!7R&!05R8&'!58!"D$!3&$!9&RR.4!]/$!#4!C-52'+!#4!5'!2&+$(-''$,6')-+($
,73)&84$,($(9,).3$(,.4$!^FFF_!2#-!"D$!85-!3&$!%53`F!
Q&-!%8#-!%5/!4.CC!7R&!3&//&0C&-!3T''!58!$&//&!4#$%&'&/!#4!3T'&'!3&$!W&0D0!2T-'&!#2'&!'.R!85-.4&!
2#-5/$-./4&-F!Q&'!&-!./0,.-&-&/$&!#4!4#$!R&0./4+!053'.$.4!8&'!8.!0#3!%5/0!&''&-2TR4&-&!5'!"D$0!#-$!
.CC&!75-&!&-!2#-!./0,.-50@#/+!3&/!#40S!D'2#-$-./4F!W&0D0!458!0./&!$.0.,R&-!&'!7.R$&!,S!%8#-$5/!C.-C&/!
0CDRR&!8V-&+!%5/!3#$&RR&-'&!&'!2#-7.R$&F!a.-C&%.0'#-.&/!2#-'&RR&-!5'!/&''#,,!4#$%&'&/!85-!&'!
C@&//&'&4/!,S!$&/!2T-0'&!C-.0'/&!C.-C&!#4!&/!8.C'.4!25C'#-!.!%8#-$5/!C-.0'&/$#33&/!7R&!0,-&$'!.!
#R$C.-C&/0!'.$!^2#-25''&-&/!b#$/&?!L'5-C!0C-.8&-!4#$'!#3!$&''&!.!0./!7#C!\:%&!b.0&!#2!=%-.0'.5/.'?_F!!
P.!.!"#$%&'B#-4&!'-#-!5'!4#$%&'&/!.CC&!75-&!85-!'&/C'!'.R!S!8V-&!&'!C@&//&'&4/!8&$!$.0.,,R&/&!#4!$&/!
2T-0'&!C.-C&+!3&/!#40S!8&$!C.-C&/!.!$54F!Q&'!&-!D'45/40,D/C'&'!2#-!#,,-.//&R0&/!58!"#$%&'!#4!
8.0@#/&/!8S-M!
!"#$%&'()%)*+,&%'%-*.,/')01&%-4(%3+,4(5,1%21,51(!%
B#-4&!.!$54M!!
P.!&-!7R5/'!$&!-.C&0'&!R5/$!.!8&-$&/+!&'!R5/$!0#3!&-!-5/4&-'!%T?'!,S!ABc0!S-R.4&!67#4(%8121/+9#1(&%
:19+,&;!&'!R5/$!$&'!0CDRR&!8V-&!4#$'!S!7#!.F!;.C&8&R!#,,R&8&-!8.!&/!8#C0&/$&!&/0#3%&'+!.0#R50@#/!#4!
2-&33&$2-?C'F!P.!0&-!#40S!5'!8S-&!D/4$#33&-!.!TC&/$&!4-5$!0R.'&-!3&$!'.R%T-.4%&'!#4!.$&/'.'&'F!!
P.!%5-!&/!$-T3!#3!5'!B#-4&!0C5R!#3'5R&0!%8#-!4#$%&'!&-!0?/R.4!#4!'.R4@&/4&R.4!2#-!5RR&!3&//&0C&-F!
b&''!#4!0R&''!8&$!5'!R5/$&'0!7#-4&-&!8S4&-!S!4@T-&!$&!03S!-5D0&!4@&-/./4&/&!#8&-2#-!5/$-&!#4!
%8&-5/$-&F!!
9.0'#-.&/M!
!Q&'!0'5-'&'!!.!5D4D0'!KJJdF!)<)!a.-C&/!5--5/4&-'&!$&/!2T-0'&!"#$%&'02&0'.85R&/!'.R!0'#-!4R&$&!#4!
'5CC/&3R.4%&'!7S$&!2#-!$&R'5C&-&!#4!3#''54&-&F!<5/$54!'.R!2-&$54!.!&.!DC&+!2-5!CR#CC5!Ge(KG!7R&!05''!
58!'.R!S!%@&R,&!3&//&0C&-!3&$!5R'!.!2-5!%D035R./4!'.R!7.R850C+!%&R'!D'&/!54&/$5+!D'&RDCC&/$&!2#-!S!8.0&!
4#$%&'F!P.!0C@T/'&!2#-'!5'!"#$%&'02&0'.85R&/!0#3!C#/0&,'!85-!C#33&'!2#-!S!7R.+!$&''&!85-!2#-!4T?!#4!
2#-!3&/./402DRR'!'.R!S!.CC&!0CDRR&!2#-'0&''&!3&$F!KJJe!5--5/4&-'&!7?&/0!3&/.4%&'&-!0533&/!
"#$%&'02&0'.85R&/!#4!8.-C/./402&R'&'!7R&!&/$5!0'T--&F!)!'.RR&44!7R&!#40S!"#$%&'05C0@#/&/!.!L5-,07#-4!
&'57R&-'!$&''&!S-&'+!$&/!7&-T3'&!0/T75RR&/!%5$$&!7&4?/'!S!-DRR&F!
"#$%&'02&0'.85R&/!7R&!5--5/4&-'!S-!&''&-!S-!#4!7&'?$/./4&/!2#-!7?&/+!3&/!#40S!2#-!3&/.4%&'&/0!2#RC!
85-!&/#-3F!"#$%&'02&0'.85R&/!.!0&4!0&R8!85-!25/'50'.0C+!3&/!&//S!3&-!0,&//&/$&!85-!$&'!S!0&!%8#-$5/!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
4
$&//&!DC5!0C5,'&!&'!3#3&/'D3!0#3!85-'&!%&R&!S-&'F!"#$%&'!7R&!.CC&!75-&!&/!%5,,&/./4+!3&/!&/!
CDR'D-F!a#/CRD0@#/&/!7R&M!GF!5RR&!&R0C&-!4#$%&'!KF!Q&''&!C#/0&,'&'!&-!2#-!7-5!'.R!5'!8.!0C5R!0.''&!,S!$&'!
0&R8F!!
"#$%&'B#-4&M!!
<&$!$&''&!0#3!75C4-D//!7R&!"#$%&'B#-4&!#,,-&''&'!.!35.!KJGK+!&/!#-45/.050@#/!%8.0!3SR!&-!
/&''#,,M!S!0&!03S!'./4!4@#-'[email protected]%&'!2#-5/$-&!8&-$&/F!Q&''&!C#/C-&'.0&-'!8&$!S!7.0'S!3&$!%@&R,!'.R!
5'!2#-053R./4&-!.!%&R&!R5/$&'!0C5R!CD//&!0'5-'&!"#$%&'!.!0./!7?F!P.!'-#-!5'!"#$%&'07&8&4&R0&/!8.R!8V-&!
&/!C-52'!'.R!2#-5/$-./4!.!0532D//&'F!"D$0!4#$%&'!'.R4@&/4&R.4!2#-!5RR&F!!
P.!R5!5RR&!&-25-./4&-!8.!%5$$&!2-5!e!S-!3&$!5--5/4&-'&!"#$%&'0DC&-!.//!.!&/!-&00D-0,5CC&+!0#3!
.//&%#R$'!7S$&!.$&#R#4.0C&!35'&-.&RR!^'5R&-+!f&RR&4-D,,&#,,R&44!#FR_+!,-5C'.0C!35'&-.&RR!^35/D5R&-!2#-!
7-DC!58!$5'5750&!#4!"#$%&'035/D5R&/!0#3!$D!/S!%#R$&-!.!%&/$&/&_!#4!./0,.-&-&/$&!35'&-.&RR!
^8.'/&07?-$!#FR_F!YR'!053R&'!2#-!S!4@T-&!$&'!0S!&/C&R'!#4!0S!'.R4@&/4&R.4!0#3!3DR.4!2#-!3&/.4%&'&-!0#3!
8.RR&!'5!$&''&!8.$&-&F!!
P.!./8.'&-'&!3&/.4%&'&-!#8&-!%&R&!R5/$&'!'.R!S!8V-&!3&$!,S!$&//&!7&8&4&R0&/!58!4#$%&'+!3&$!
3SR0&''./4&/!#3!S!2#-5/$-&!R5/$&'F!Q&//&!7&8&4&R0&/!&-!&/!D/.C!3DR.4%&'!'.R!S!$&R&!&85/4&R.&'!8&'!S!
4@T-&!"D$0!4#$%&'!'.R4@&/4&R.4F!)CC&!75-&!&-!8.!&/C&R'0'S&/$&!3&/.4%&'&-!3&$!4#$&!,-#4-53+!8.!0'S-!
0533&/!2#-!S!7&'?!&/!2#-0C@&RRF!
!"#$%&'B#-4&!T/0C&-!S!%@&R,&!%8&-!&/C&R'!2#-053R./4!'.R!S!R?CC&0!3&$!S!0&''&!#,,!"#$%&'!.!0./!7?F!Q&'!
8.R!0.!S!7.$-5!3&$!35'&-.&RR!750&-'!,S!&4/&!&-25-./4&-+!.$&#R#4.0C!35'&-.&RR+!'.R4@&/4&R.4%&'!2#-!
0,T-03SR+!3&/!#40S!7.$-5!.!2#-3!58!S!7&0TC&!3&/.4%&'&-!#4!./0,.-&-&!'.R!"#$%&'F!<&/.4%&'&/&!0#3!
&-!$&R'5C&-3&/.4%&'&-!.!"#$%&'B#-4&!8.R!#40S!8V-&!3&$!.!"#$%&'B#-4&0!2&RR&0!3&$.&05'0./4F!!PS-'!
3SR!&-!S!0&!3&/.4%&'&-!0,-./4&!8.$&-&!3&$!$&''&!C#/0&,'&'+!0R.C!5'!8S-!#8&-#-$/&$&!8.0@#/!C5/!7R.!
/S$$M!L3S!'./4!4@#-'[email protected]%&'!8.R!2#-5/$-&!8&-$&/F!!
!
!
!
!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
5
:"#$;<8()*==3)$<SR4-D,,&/&!2#-!"#$%&'!0C5R!8V-&!4-D,,&-!58!3&//&0C&-!0#3!S,&/75-'!'-&/4&-!&/!%S/$0-&C/./4F!
<SR4-D,,&/&!&-M!
GF XR$-&!
KF YR&/&2#-0T-4&-&!
ZF )//85/$-&-&!#4!50?R0TC&-&!
Q&'!&-!8.C'.4!S!%&-!,-&0.0&-&!5'!$.00&!'-&!$&2./&-'&!3SR4-D,,&/&!4@&R$&-!0&R8&!"#$%&'0DC5+!#4!.CC&!
4#$%&'0,-#0@&C'&-!0#3!D'2T-&0!-&0'&/!58!S-&'F!Q&'!#,,2#-$-&0!.!%T?&0'&!4-5$!S!4.!&/!D'0'-5C'!%S/$!'.R!
5RR&!.!0532D//&'+!3&/!D/$&-!"#$%&'!&-!$&'!$&!'-&!3SR4-D,,&/&!/&8/'!#8&-!0#3!0C5R!,-.#-.'&-&0F!!
X/!8.C'.4!0.$&!58!$&''&!&-!5'!$&'!D/$&-!"#$%&'!0C5R!2#CD0&-&-!,S!3&//&0C&-!0#3!/#-35R'!.CC&!&-!&/!
$&R!58!3&/.4%&'&/&F!YR'0S!3&//&0C&-!0#3!0'S-!D'&/2#-!3&/.4%&'&/0!8.-C&F!Q&-0#3!T/0C&'!#3!S!
%@&R,&!8&//&-!#4!3&/.4%&'03&$R&33&-!&-!0'#-'+!&-!$&'!./4&/!'./4!.!8&.&/!2#-!S!4@T-&!$&'!.!S-&'0!
-&0'&-&/$&!HG!DC&-+!3&/!D/$&-!"#$%&'!-&''&-!8.!5R'0S!#,,3&-C0#3%&'&/!3#'!$&!0#3!.CC&!&-!&/!$&R!
58!3&/.4%&'&/&F!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
6
>"#$?3@-+-A9,+3)$
ATR4&/$&!7&4-&,&-!7&/?''&0!.!$&//&!'&C0'&/M!
GF "#$%&'M! Q&/!2T-0'&!DC5!.!@D/.!%8#-!$54&-!%&R'!C#/C-&'!7R.-!05''!58!'.R!S!8.0&!5/$-&!
3&//&0C&-!4#$%&'F!:.$R.4&-&!C5R'!"#$%&'02&0'.85R&/!.!L'585/4&-+!/S!2#-C#-'&'!
'.R!"#$%&'+!3&/!3&$!'.R/58/!2-5!7?&/F!XC0&3,&R8.0!"#$%&'L'585/4&-+!
"#$%&'>&-4&/+!"#$%&'"-.30'5$FF!A&RR&07&'&4/&R0&/!2#-!$.00&!&-!.!$&//&!
4#$%&'035/D5R&/!`"#$%&'`F!!
KF <#''54&-M! <#''54&-&/!&-!$&/!&RR&-!$&!0#3!2S-!%@&R,!D/$&-!"#$%&'F!!
ZF Q&R'54&-M! Q&R'54&-&!&-!$&!0#3!&-!3&$!,S!"#$%&'!#4!%@&R,&-!3#''54&-/&F!Q&R'54&-&!0C5R!
5RR'.$!8V-&!0533&/!'#!#4!'#!D/$&-!"#$%&'F!
IF g,,$-54M! X'!#,,$-54!&-!$&'!&RR&-!$&!5-7&.$0#,,458&-!8.!&-!2#-&0,D-'!#3!S!%@&R,&!
3#''54&-/&!3&$F!X'!#,,$-54!C5/!.!0S!3S'&!8V-&!0'#-'!#4!C-&8&!35/4&!
$&R'54&-&!#8&-!5RR&!2&3!$54&-!^35R&!%D0_!&RR&-!$&'!C5/!8V-&!R.'&!#4!75-&!C-&8&!
'#!$&R'54&-&!&/!%5R8!'.3&!^CR.,,&!7D0C&-!&FRF_F!L&!`HFJ!YC'D&RR&!#,,$-54`!2#-!
/V-3&-&!7&0C-.8&R0&-!58!2#-0R54F!
HF ;&$&-4-D,,&M! ;&$&-4-D,,&/!&-!$&!,&-0#/&-!0#3!%5-!5/085-!2#-!,R5/R&44./4!#4!,-5C'.0C!
4@&//#32T-./4!58!"#$%&'F!;&$&-4-D,,&/!$&R&4&-&-!35/4&!#,,458&-!D/$&-!
0&R8&!"#$%&'02&0'.85R&/F!;&$&-4-D,,&/!'-&/4&-!.CC&!7&0'S!58!3&/.4%&'&/0!
R&$&-&!&RR&-!5$3./.0'-5'.8&!,&-0#/5R&F!;&$&-4-D,,&/!7T-!3T'&0!@&8/R.4!#4!C5/!
7&0'S!58!Z(H!,&-0#/&-!0#3!.8-&-!2#-!"#$%&'F!
dF L&C-&'5-.5'M! L&C-&'5-.5'&'!&-!.!,-5C0.0!R&$&-4-D,,&/!D/$&-!0&R8&!DC5h$54&/&!"#$%&'!
5--5/4&-&0F!6/$&-!"#$%&'!D'4@T-!$&//&!4-D,,&/!&'!0&C-&'5-.5'!0#3!$&R&-!D'!
#,,$-54!'.R!$&R'54&-/&!#4!%#R$&-!0&4!#,,$5'&-'!,S!/?5/C#3/&!#,,$-54F!Q&'!
&-!R&$&-4-D,,&/!h!0&C-&'5-.5'&'!0#3!#40S!,-.#-.'&-&-!%8.RC&!#,,$-54!0#3!'50!
#4!%8.RC&!0#3!3S!580RS0F!X-25-./4&/&!2-5!"#$%&'L'585/4&-!%5-!8V-'!5'!&/!
4-D,,&!,S!'-&!,&-0#/&-!&-!&/!4#$!0'T--&R0&!2#-!0&C-&'5-.5'&'F!!
!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
7
!
B"#$C-'4-(3$=)-+A-==3)D$
A#-!5'!"#$%&'!0C5R!R?CC&0!.!0./!3.0@#/!3&$!S!0,-&!4#$%&'!&-!$&'!&/!$&R!4-D//R&44&/$&!,-./0.,,&-!0#3!
3S!C#33D/.0&-&0!'?$&R.4!#4!4@&/'5C&/$&F!Q&''&!2#-!5'!$&!0#3!$&R'5-!,S!5--5/4&3&/'&'!0C5R!8V-&!
'-?44&!,S!#4!8.'&!D'8&'?$.4!%85!0#3!'.R!&/%8&-!'.$!&-!4@&R$&/$&!D/$&-!"#$%&'F!X/!$&R!58!$.00&!
,-./0.,,&/&!3S!C#33D/.0&-&0!,S!&'!'.$R.4!0'5$.D3!.!,-#0&00&/!i!5RR&-&$&!.!@5/D5-!i!3&$!
`,S3.//&R0&-`!@&8/R.4!3#'!"#$%&'F!
j-./0.,,&/&M!
<= >+&&4)1,1%7(51,%?+501&%3$,%!""#$%&@'(%0*1/9%),4&'@%+)%7&1(%4&%/1))1@%+99%&'/%(+1(%3+,#%3+,%
)*1(A&1/@1,%'(-/751,&%51/&4)1/@1,%9$%4,,4()1,1(51%#1(')01&@%4-&'2'&1&1,%1//1,%/')(1(51=%
B= >+&&4)1,1%7(51,%?+501&%'()&$**+%C1&4/1%3+,%0*1/91(D%
E= >+&&4)1,1%@+#%'(@'@&1,1,%9$%$%)*F,1%+99%3+,%@1)%'%3+,#%42%C1&4/'()G)421%-4(%+993+,5,1@%&'/%!$%)'%
51&%2'51,1!%H%4/&@$%'%@&151&%3+,%$%)'%1(%)421%&'/%4,,4()1,1(51%#1(')01&;%01//1,%)'%1(%)421%&'/%4(5,1%
!&,1()1(51!=%%
I= 81/&4)1,1%7(51,%?+501&%-4(%$**+&,-%+)&-.+-&./0#+-%$12+#+)&/.##!&3+#!"$-1%1//1,%/')(1(51%3+,%
51&%4,C1'5%51%7&3F,1,=%
J= >+&&4)1,1%7(51,%?+501&%#$%&'/0F,1%#$/),7991(1%+)%$**+%2.,1%1(%51/%42%#1(')01&1(1=%
K= 81/&4)1,1%7(51,%?+501&%/(%3+,9/'-&1%@1)%9$%$%37//3F,1%51&%1//1,%51%+995,4)%@+#%51%04,%9$C1)A(&=%
81&&1%)*1/51,%@1/2%+#%#4(%&'5@#1@@')%)$,%7&%+21,%&'5@,4##1(1%3+,%?+501&%L#4(%-4(%'--1%/4%2.,1%
$%#4/1%31,5')%1&%07@%3+,5'%51&%C1)A(&1%$%,1)(1%1//1,%C4,1%-/'991%04/21%01--1(%3+,5'%51&%C/1%3+,%3$%
91,@+(1,%#15%@'@&1%54)1(%H%!1,%51&%9$C1)A(&%@-4/%51&%37//3F,1@!M=%
N= 81/&4)1,1%CF,%H%@$%/4()&%51&%1,%#7/')%H%%+"#!&%!1"$1%7(51,%?+501&=%
O= 81/&4)1,1%@-4/%!"%)$&45)+&!"+-+%9$%1&%+995,4)=%P4(@1&&%+#34()1&%9$%+995,4)1&D%
Q= 81/&4)1,1%@-4/%$**+%+99&,1%@+#%!#'@*+(1,1(51!%7(51,%?+501&=%81&&1%C1&A,%4&%4,C1'51,(1%@-4/%'--1%
2.,1%'('&'4&'2&4-1,1%215,F,1(51%@4#&4/1,%@+#%5,1'1,%@1)%+#%-,'@&1(%&,+=%81%-4(%(4&7,/')2'@%51/&4%'%
@4#&4/1,%+)%51/1%@'(%&,+%9$%4//1%#$&1,%51,%51&%1,%/.##!1+)%@+#%'('&'1,1,%1//1,%'(2'&1,1,%&'/%@4#&4/1=%
61(@'-&1(%1,%4&%#+&&4)1,1%4/5,'%@-4/%+99/121%4&%?+501&%04,%@+#%'(&1(@*+(%$%!&,1%-,'@&1(%&,+%
(15+21,%0+51&!%9$%(+1(D%81&&1%1,%)+501&%7&1(%4)1(54=%%
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
8
E"#$F'4*3883$,==.)&($"#$%&'!%5-!8V-'!5--5/4&-'!.!L'585/4&-!58!)<)(C.-C&/!#4!0535-7&.$&/$&!3&/.4%&'&-!0.$&/!KJJd+!#4!
750&-'!,S!$&!.$&&-!#4!$&/!&-25-./4!8.!%5-!#,,5-7&.$&'!#00+!0.''&-!8.!.4@&/!3&$!2TR4&/$&!#,,$-54M!
GF 9D035R./4M!
• Q&''&!&-!C@&CC&!#,,$-54!S!8V-&!3&$!,S+!#4!3#''54&-&!&-!/5'D-R.48.0!'5CC/&3R.4&!2#-!$&/!
%@&R,&/!$&!2S-F!jS!$&/!5//&/!0.$&+!$&//&!'?,&!#,,$-54!&-!C-&8&/$&F!Q&!C-&8&-!35/4&!
$&R'54&-&!,&-!$54+!.!'.RR&44!'.R!5'!$&!C-&8&-!5C'.8.'&'!%8&-!$54!%&R&!DC&/!^85/R.48.0_F!LR.C!0&''!
0RDC&-!$&//&!'?,&!#,,$-54!3?&!-&00D-0&-F!<5/!3S!'5!%T?$&!2#-!5'!0R.C!#,,$-54!C5/!
'.$03&00.4!4S!D'!#8&-!0&R8&!DC5h5/'5RR!$54&-!"#$%&'!85-&-F!!
• Q&'!&-!2R&-&!8.C'.4&!3#3&/'!35/!3S!'5!3&$!.!7&'-5C'/./4&/!2T-!35/!%.8&-!0&4!#8&-!
$&//&!'?,&!#,,$-54M!
.F a-&8&0!4@&-/&!2#-5-7&.$+!0#3!0C-5,./4!&RR&-!850Ck!)!0S!25RR!7T-!35/!,S7&4?//&!&'!
0R.C'!#,,$-54!%&R4&/!2T-!0&R8&!"#$%&'F!
..F X-!%D0&'!0R.C!5'!35/!C#33&-!R&''!'.R!3&$!0'.4&+!&RR&-!3S!35/!7-DC&!R.2'k!9&-!3S!
35/!S,&/75-'!'&/C&!%&R0&!#4!0.CC&-%&'U!
...F X-25-./4&/!2-5!L'585/4&-!3&$2T-&-!5'!;&$&-4-D,,&/!0&/&0'!'#!DC&-!2T-!"#$%&'!
7&0.C'.4&-!$&!DR.C&!5C'D&RR&!%D0&/&!0#3!&-!.//3&R$'!58!3#''54&-&+!#4!0&-!
/&''#,,!,S!$&''&!3&$!2#-5-7&.$!#4!0.CC&-%&'F!LSR&$&0!S,/&-!35/!75-&!2#-!S!'5!
#,,$-54!0#3!&-!08V-'!#8&-C#33&R.4&+!3&0'!3%'!0.CC&-%&'!3&/!#40S!3%'!
0'T--&R0&!#4!2#-5-7&.$F!
.8F Q&'!5/7&25R&0!5'!35/!7-DC&-!C#/'-5C'&-!.!$&//&!'?,&!#,,$-54F!a#/'-5C'&-!$&-!
"#$%&'!2-50C-.8&-!0&4!5/085-!2#-!35R&@#77&/F!Q&'!&-!8.C'.4!S!,-&0.0&-&!5'!8.!&-!
535'T-&-F!A#-0R54!'.R!C#/'-5C'!2.//&0!8&$R54'F!
KF 95/$?35/M!
• 95/$?35/!&-!&/!'?,&!`5R'3DR.4(#,,$-54`F!Q&'!$-&.&-!0&4!0'#-'!0&''!#3!%54&5-7&.$+!3&/!
%&-D/$&-!4-D,,&-&0!5R'!58!#,,$-54!0#3!.!D'45/40,D/C'&'!5RR&!C5/!8V-&!3&$!,S+!#4!0#3!
&-!-&R5'.8'!&/CR&!%8&-$540R.4&!#,,458&-F!BS-!05/'!0C5R!0.&0!5'!$&'!&-!.CC&!5RR'.$!%5/$?35/(
#,,$-54&/&!&-!%&R'!#8&-C#33&R.4&+!#4!/#&/!%5-!&/!'&/$&/0!'.R!S!&0C5R&-&F!<&/!.!
D'45/40,D/C'&'!&-!$&'!3./$-&!%8&-$540R.4&!#,,$-54F!:?,.0C&!&C0&3,R&-!&-M!
.F 954&5-7&.$+!./CRD$&-'!$&'!S!2@&-/&!3./$-&!'-V-!#4!%&CC!^.CC&!75-&!CR.,,&+!3&/!
2@&-/&U_!
• ]!2@&-/&!&/!%&CC!&-!'.R!$&R0!C-&8&/$&F!a5/!C-&8&!35/4&!5-7&.$&-&!#4!8.R!
#2'&!3&$2T-&!3?&!0T,,&R!0#3!3S!2@&-/&0+!$5!2#-!"#$%&'0!&4&/!-&4/./4!
&RR&-!#-45/.0&-./4F!;&.&!58!f#/'5./&-&!3S!'50!3&$!.!7&'-5C'/./4&/F!
..F b?$$&!45-50@&!h!R#2'F!
...F 9&/4&!#,,!R53,&-F!
.8F 9@&R,!'.R!S!-?$$&!,S!&RR&-!./0'5RR&-&!,-#4-533&-!&RR&-!R.4/&/$&!,S!j=F!
8F P50C&!3D-F!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
9
8.F <5R&!3D-F!8..F <5R&!8./$D&-F!
8...F >&.0&!'&--500&F!
.lF P50C&!C@TCC&/F!
lF LC.2'&!C@TCC&/2-#/'&-!
l.F L&''&!#,,!&/!/?!8&44!.//.!%D0&'F!
• Q&''&!C-&8&-!4@&-/&!2542#RC+!#0!0R.C&!#,,$-54!3S!0&&0!.!R?0!58!%8.RC&/!
C5,50.'&'!35/!%5-F!
• <&-C!5'!#,,$-54!58!'?,&/!`%54&5-7&.$`!C5/!%5!&/!'&/$&/0!'.R!S!&0C5R&-&!/S-!5-7&.$&-&!
$DCC&-!#,,!,S!5$-&00&/F!Q&'!&-!$&-2#-!8.C'.4!5'!35/!.!2#-C5/'!58!5'!35/!,S7&4?//&-!
5-7&.$&'!h!#,,$-54&'+!58CR5-&-!%85!0#3!0C5R!&RR&-!C5/!4@T-&0!#4!%85!0#3!.CC&!C5/!&RR&-!0C5R!
4@T-&0F!Q&''&!2#-$.!0&C-&'5-.5'&'!4@&-/&!0.''&-!,S!GJJ!5/$-&!#,,$-54!0#3!35/!T/0C&-!0C5R!
'50F!Q5!&-!$&'!C5/0C@&!D-.3&R.4!5'!&/!3#''54&-!D'8.$&-!&RR&-!TC&-!0./&!#,,$-54!/S-!
5-7&.$&-&/!&-!,S!5$-&00&/F!
!
ZF >.R850CM!
• Q&''&!&-!&/!'?,&!#,,$-54!0#3!D/$&-!"#$%&'L'585/4&-!.CC&!%5-!%5''!/#&!3&$!
3SR4-D,,&/&!S!4@T-&+!3&/!&-!&'!`'.R7D$`!D'!#8&-!3SR4-D,,&'&/C/./4&/F!!
• Q&'!&-!DR.C&!3S'&-!S!D'2T-&!0R.C&!#,,$-54!,SF!
.F aR500.0C&!7T''&!#4!0853,F!Q&''&!C5/!5RR&!8V-&!3&$!,SF!)//8&/$.4!850C!C5/!@#!$5!
#40S!./CRD$&-&0+!3&/!7R.-!3&-!C-&8&/$&!3%'!-&00D-0&-F!!
..F P&$!L'585/4&-!%5-!35/!4-5'.0!2S''!RS/&!0&R87&'@&/'&!850C&%5RR&-F!Q&-3&$!%5-!35/!
%5''!0'#-!5C'.8.'&'!-D/$'!$.00&F!LR.C&!3DR.4%&'&-!7T-!8D-$&-&0F!!
• g,,$-54!58!'?,&/!7.R850C!&-!&/!2./!3S'&!"#$%&'!2S-!8.0&!.4@&/!.!/V-#3-S$&/&+!#4!0R.C!0&''!
&/!4#$!3S'&!2#-!S!35-C&-&!#4!,-#2.R&-&!"#$%&'F!
• P&$!$&//&!'?,&!#,,$-54!%5-!35/!0#3!5--5/4T-!#40S!5/R&$/./4&/!'.R!S!0,-&!"#$%&'!8&$!S!
$&R&!D'!C522&!#4!852R&-!'.R!3#''54&-&!0#3!8&/'&-!,S!5'!7.R&/!7R.-!850C&'!i!#4!0R.C!0&''!C5/!
$&//&!'?,&!#,,$-54!8V-&!&/!4#$!5-&/5!2#-!$&!4#$&!053'5R&-+!8&R!#4!3&-C&!$&-0#3!
3#''54&-!R&44&-!#,,!'.R!$&'F!
R(5,1%4-&71//1%+995,4)S!
BS-!$&'!4@&R$&-!5/$-&!5C'D&RR&!#,,$-54!D/$&-!"#$%&'!&-!$&'!05//0?/R.48.0!75-&!25/'50.&/!0#3!0&''&!
4-&/0&-F!!<5/!C5/!8D-$&-&!2TR4&/$&M!
GF b?$$&!#4!0'&RR&!.!/V-#3-S$&-F!
• :?,.0C!8.R!8V-&!S!,RDCC&!0T,,&R+!-&0C&!#3-S$&-!2#-C/D0'!4R500!&'fF!
• LC#R&(!#4!75-/&%54-S$&-!C5/!8V-&!&/!7-5!5-&/5!2#-!$&//&!'?,&!#,,$-54F!!
• LR.C!#,,$-54!&-!4R.3-&/$&!3%'!S!'5!3&$!%&R&!253.R.&/F!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
10
• Q&//&!'?,&!#,,$-54!7R.-!4@&-/&!.CC&!.//3&R$'F!9&-!3S!35/!0,T-!#3!S!2S!R#8!'.Rm!
KF Q&R&!D'!7#RR&-!.!/V-#3-S$&-F!
• X/!5C'D&RR!#,,458&!2#-!D/4$#3k!
ZF Q&R&!D'!4-5'.0!C522&!,S!'?,.0C&!,&/$R&-0'&$&-!
• Q&''&!&-!C5/0C@&!3&0'!4&/.5R'!S!4@T-&!#3!3#-4&/&/!D/$&-!,&/$R&-(-D0%n&'+!#4!C-&8&-!
0SR&$&0!5/$-&!'.$0,D/C'!2#-!$&R'54&-/&!&//!$&'!"#$%&'!R&44&-!#,,!'.R+!3&/!.$&&/!&-!
3&4&'!4#$!#4!&-25-./4&-!2-5!L5-,07#-4!'?$&-!,S!5'!$&''&!7R&!,#0.'.8'!3#''5''F!
IF X/450@&-!&/!2-.0T-!h!2-.0T-05R#/4!0#3!C5/!4@T-&!&/!.//05'0!2#-!$&!0#3!C5/0C@&!.CC&!C5/!'5!0&4!-S$!'.R!
&/!%S-CR.,,!'.R!85//R.4F!
HF X/450@&-!&/!'5//R&4&!h!'5//R&4&C#/'#-!0#3!C5/!4@T-&!&/!.//05'0!2#-!$&!0#3!C5/0C@&!.CC&!C5/!'5!0&4!
-S$!'.R!'5//R&4&7&0TCF!
dF A53.R.&4#$%&'F!<5/4&!58!$&R'54&-/&!%5-!75-/!0#3!C5/0C@&!.CC&!C5/!8V-&!3&$!D'!,S!#,,$-54F!Q5!
C5/!A53.R.&4#$%&'!8V-&!&'!4#$'!C#/0&,'F!9&-!&-!$&'!/#&/!8#C0/&!0#3!&/450@&-&-!75-/!'.R!S!R54&!
,?/'!&RR&-!'&4/./4&-h7.R$&-!0#3!C5/!$&R&0!D'!'.R!$&!3&//&0C&/&!0#3!3#''5-!"#$%&'F!Q&'!&-!8.C'.4!
S!2.//&!&/!4#$!3S'&!S!'.R-&''&R&44&!,S!2#-!%&R&!253.R.&/+!"#$%&'!&-!2#-!5RR&U!Q&'!0C5R!0.&0!5'!$&'!&-!!
35/4&!#,,$-54!%8#-!75-/!#40S!C5/!8V-&!3&$!,S+!2F&C0!%54&5-7&.$!#FR+!3&/!.!$&!'.R2&RR&/&!$&''&!
.CC&!4S-!&-!$&'!8.C'.4!3&$!&'!5R'&-/5'.8F!!
!
T995,4)%2'%'--1%4(C134/1,S%
GF >.R-&,5-50@#/&-M!A-5!KJJd!i!KJGG!D'2T-'&!8.!7.R-&,5-50@#/&-!D/$&-!"#$%&'L'585/4&-F!Q&//&!'?,&!
#,,$-54!C-&8&-!3?&F!AT-0'!58!5R'!3S!35/!%5!'.R45/4!'.R!8&-C0'&$!#4!C?/$.4&!,&-0#/&-F!)!'.RR&44!%5-!
$&//&!'?,&!#,,$-54!4@&-/&!0'#-&!TC#/#3.0C&!D'2#-$-./4&-F!;.C&8&R!&-!$&'!.CC&!$.00&!D'2#-$-./4&/&!
0#3!%5-!3&$2T-'!5'!8.!%5-!4S''!7#-'!2-5!$&//&!'?,&!#,,$-54+!3&/!%&RR&-!D'2#-$-./4&-!C/?''&'!'.R!
-&CR5350@#/!&RR&-!R.4/&/$&F!
KF A&RR&!08V-'!%T?&!'V-F!a#/0&C8&/0&/!58!3.0R?CC&$&!#,,$-54!&-!.CC&!%?44&R.4!'&/C/./4F!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
11
G"#$H7,).&+$@<$-++$,==.)&($X/!S,&/75-!%#8&$D'2#-$-./4!D/$&-!"#$%&'!&-+!.!5RR&!25RR!2T-0'&!45/4!"#$%&'!5--5/4&-&0+!S!4@T-&!$&/!
C@&/'!#4!2S!.//!#,,$-54F!ATR4&/$&!2#-0R54!7T-!&RR&-!C5/!8D-$&-&0M!
GF WD/4&R'&R&4-52&/M!
Q&//&!C5/!/&0'&/!.CC&!#8&-8D-$&-&0U!9&-!7T-!3&/.4%&'&/0!3&$R&33&-!8V-&!3&$!S!'5!5/085-!
#8&/2#-!C@&/'&+!/57#&-!&'fF!
KF jR5C5'&-!1!AR?&-0!
aR500.0C!0'-5'&4.!2#-!S!/S!D'!3&$!&'!7D$0C5,F!a-&8&-!4#$&!2#-3DR&-./4&-+!'?$&R.4!./2#-350@#/!#4!
05//0?/R.48.0!TC#/#3.!'.R!S!'-?CC&!#,,!0R.C&!#4!,&-0#/&-!'.R!S!$.0'-.7D&-&!$&3F!Q&''&!7R&!7&/?''&'!
0#3!0'-5'&4.!8&$!L'585/4&-!.!KJJd!^2T-0'&!45/4!"#$%&'!7R&!5--5/4&-'_+!3&/!&-!.CC&!7&/?''&'!$&!
0.0'&!S-&/&F!Q&''&!%&/4&-!/#C!0533&/!3&$!5'!"#$%&'!.!8S-!-&4.#/!7&4?//&-!S!7R.!.//5-7&.$&'!
0#3!7&4-&,!#4!2&/#3&/F!)!0S!3S'&!&-!$&'!3DR.4!5'!,R5C5'&-!#4!2R?&-0!&'fF!75-&!&-!&'!
`#8&-45/402&/#3&/`F!
ZF BYP(C#/'#-&-!
A#-!S!/S!4.''&!3SR4-D,,&-!C5/!$&'!8V-&!&/!0'-5'&4.!S!4S!.!$.5R#4!3&$!BYP(C#/'#-&-+!,-&0&/'&-&!
C#/0&,'&'!"#$%&'!#4!$&-.4@&//#3!2S!'.R!&/!#-$/./4!$&-!BYP(C#/'#-&-!C5/!'.,0&!&RR&-!$&R&!D'!2R?&-0!
'.R!5C'D&RR&!3#''54&-&F!Q&''&!&-!,-T8$!.!L'585/4&-+!3&/!%8.RC&!&22&C'&-!$&'!%5-!%5''!&-!D8.00'F!
IF B&''0.$&/!NNNF4#$%&'F/#!
Q&//&!/&''0.$&/!8.R!.//&%#R$&!./2#-350@#/!#3!"#$%&'F!:5/C&/!&-!$&/!5'!053'R.4&!5--5/4T-&-!58!
"#$%&'!.!B#-4&!0C5R!7&/?''&!$&//&!0.$&/+!$&-!%#8&$0.$&/!0.&-!/#&!#3!C#/0&,'&'!#4!5'!&8&/'D&R'!
&4/&!R#C5R&!0.$&-!^"#$%&'L'585/4&-+!"#$%&'b.0C5+!"#$%&'YR'5FF#08F_!'5-!#,,!R#C5R!./2#-350@#/F!
HF <&$.5M!
]!0&/$&!D'!,-&00&3&R$./4!%5-!8V-'!&/!0'-5'&4.!3&$!-&R5'.8'!7-5!-&0,#/0!8&$!L'585/4&-F!
YR'&-/5'.8'!&-!$.-&C'&!S!'5!C#/'5C'!3&$!R#C5R(!&RR&-!-&4.#/5R58.0&-F!!Q&'!7&0'&!3&$!$&//&!3&'#$&/!
&-!5'!$&/!&-!4-5'.0!#4!%5-!&'!4#$'!`/&$0R5402&R'`F!
"#$%&'!&-!&''!0S,500!/?''!C#/0&,'!.!B#-4&!#4!0S,500!`0@#CC&-&/$&`!5'!8S-!&-25-./4+!8&$!)<)(C.-C&/!
.!L'585/4&-+!&-!5'!3&$.5!&-!./'&-&00&-'F!Q&''&!./CRD$&-&-!.!'.RR&44!7S$&!-5$.#!#4!:PF!A5C'.0C!0S!&-!
2#-%#R$&/&!$&!5'!3&$.5!/S!'5-!C#/'5C'!3&$!#00!&''&-!,-&00&3&R$./4!#4!-5$.#!#4h&RR&-!:P!%5-!%5''!
#,,0R54!/&0'&/!%8&-'!S-F!6/$&-!"#$%&'!KJGK!^eF!45/4!8.!5--5/4&-'&!$&//&!.!L'585/4&-_!7R&!$&'!
#,,0R54!,S!Bba!LD,&-/?''!^-.C0$&CC&/$&!/?%&'&-!2#-!75-/!,S!Bba!LD,&-_F!
!
I"#$H7,).&+$,)(&+-A3)3$,==.)&($,($&)J3-.3)3$$
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
12
)!'.RR&44!'.R!RS!2S!.//!#,,$-54+!3S!!7S$&!#,,$-54!#4!5-7&.$&-&!#-45/.0&-&0!#4!C#,R&0!^-&''&!,&-0#/&-!,S!-&''&!#,,$-54_F!Q&'!&-!/5'D-R.48.0!DR.C&!3&'#$&-!S!#-45/.0&-&!$&''&!,SF!<&/!8&$!0'T--&!'&''0'&$&-!#4!
7?&-+!$&-!$&'!&-!,#'&/0.&R'!2R&-&!#,,$-54!#4!4@&-/&!5-7&.$&-&+!C5/!$&'!7R.!&/!$&R!S!%#R$&!0'?-!,SF!
)<)(C.-C&/!.!L'585/4&-!%5-!2S''!D'8.CR&'!&'!$5'58&-C'T?!0#3!%@&R,&-!.!$&//&!#-45/.0&-./4&/F!Q&''&!
8&-C'T?&'!&-!'.R4@&/4&R.4!2#-!$&!0#3!5--5/4&-&-!"#$%&'F!!P.!8.R!.CC&!7&0C-.8&!$&''&!.!0./!%&R%&'!%&-+!$&'!
2.//&0!&/!&4&/!35/D5R!2#-!7-DC!58!$5'5750&/+!3&/!%#8&$'-&CC&/&!&-!0#3!2TR4&-M!
• P&-C'T?&'!&-!&/!N&7(0.$&!^4#$%&'F/#_F!Q&'!8.R!0.!5'!35/!@#77&-!.!$&''&!8&-C'T?&'!2-5!%8.RC&/!0#3!
%&R0'!j=!3&$!/&''R&0&-!^Xl,R#-&-+!"##4R&!=%-#3&!&'fF_F!Q&'!&-!5R'0S!.CC&!&'!,-#4-53!0#3!3S!
R50'&0!/&$!,S!j=&/F!Q&'!&-!75-&!&/!/&''0.$&!0#3!C-&8&-!,SR#44./4!3&$!7-DC&-/58/!#4!,500#-$F!
• YRR&!0#3!3&R$&-!0&4!,S+!7S$&!3#''54&-&!0#3!3&R$&-!.//!#,,$-54!#4!5-7&.$&-&+!4@T-!$&'!8.5!
/&''0.$&/!NNNF4#$%&'F/#F!Q&'!4@T-!$&!8&$!S!2?RR&!D'!&'!&R&C'-#/.0C!0C@&35!,S!$&//&!/&''0.$&/F!
YR'&-/5'.8'!-./4&-!35/!.//!&'!#,,$-54!#4!3&/.4%&'&/0!5/05''&!-&4.0'-&-&-!$&'!.!$5'5750&/!0&R8F!
• Q&'!2./0!&/!C#,R./4!3&RR#3!,S3&R$./400C@&35&'!,S!NNNF4#$%&'F/#!#4!/&''0.$&/F!63.$$&R75-'!
&''&-!5'!&/!3#''54&-!%5-!3&R$'!.//!&'!#,,$-54!&RR&-!&/!4-D,,&!5-7&.$&-&!%5-!3&R$'!0&4!,S!i!R.44&-!
$.00&!$5'5&/&!0#3!&-!.//0C-&8&'!.!,S3&R$./400C@&35&'!'.R4@&/4&R.4F!Q&R'54&-/&0!#,,-54!R.44&-!.!
&4/&!R.0'&-!^,S!&4/&!`0.$&-`_!#4!5-7&.$&-&/!.!&4/&!R.0'&-F!Q&!&-!.!D'45/40,D/C'&'!5$0C.R'F!B>U!P.!
5/7&25R&-!5'!$&R'54&-/&!3&R$&-!0&4!,S!4-D,,&8.0!^f&RR&4-D,,&-+!7.7&R4-D,,&-!&'fF_!
• BS-!35/!0C5R!'.R$&R&!&'!#,,$-54!'.R!&/!4-D,,&!5-7&.$&-&+!8.R!35/!C#,R&!$.00&!0533&/!3&$!&/CR&!
CR.CC!.!$5'5750&/F!Y-7&.$&-/&!C5/!0S!3#''5!&/!&(,#0'!&RR&-!D'0C.2'!0#3!7&0C-.8&-!#,,$-54&'+!%5-!
3&$!5$-&00&!#4!'&R&2#//D33&-!#4!C5-'!'.R!5$-&00&/F!
• P&-C'T?&'!.//&%#R$&-!.!'.RR&44!35/4&!5/$-&!2D/C0@#/&-!0#3!4@T-!$&'!4-&.'!2#-!;&$&-4-D,,&/!h!
0&C-&'5-.5'&'!S!%#R$&!#8&-0.C'&/!,SM!%8.RC&!,&-0#/&-!0#3!&-!%8#-+!%8.RC&!#,,$-54!0#3!&-!580RD''&'!
h!2DRR2T-'+!%8.RC&!#,,$-54!0#3!.CC&!C5/!&RR&-!0C5R!'50+!%8#-!35/4&!$54&-!$&!DR.C&!5-7&.$&-/&!%5-!
3&R$'!0&4!,S+!%8#-!35/4&!,&-0#/&-!0#3!&-!'.R4@&/4&R.4!$&!DR.C&!DC&$54&/&!2#-!/?&!#,,$-54!3&$!
3&-F!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
13
K"#$L3.3)()*==3+$$P.!5/7&25R&-!5'!R&$&-4-D,,&/!58!"#$%&'!7&0'S-!58!Z(H!,&-0#/&-!0#3!7-&//&-!2#-!C#/0&,'&'F!Q.00&!
,&-0#/&/&!'-&/4&-!.CC&!8V-&!5/05''&!.!3&/.4%&'&/+!3&/!$&'!8.R!570#RD''!8V-&!&/!2#-$&R!S!%5!3&$!
/#&/!`0&/.#-&-`!0#3!C@&//&-!35/4&!.!3&/.4%&'&/F!b&''!#4!0R&''!2#-$.!$&'!C5/!8V-&!4-&.'!S!%5!
#8&-0.C'&/!#8&-!%8.RC&!-&00D-0&-!#4!C#3,&'5/0&-!DR.C&!,&-0#/&-!7&0.''&-F!Q.00&!C5/!7-S''!C#33&!'.R!
/?''&U!A#-!&C0&3,&R!$&-0#3!35/!%5-!,S'5''!0&4!&'!#,,$-54!S!35R&!&'!%D0+!#4!C#33&-!#8&-!0C5$$&!
&RR&-!-S'/&!CR&$/./407#-$F!Q5!C5/!$&'!C5/0C@&!8V-&!4-&.'!S!C#/2&-&-&!3&$!&/!'T33&-35//!#4!2S!
58CR5-'!#3!$&''&!&-!/#&!35/!C5/!#-$/&!#,,!.!D/$&-!"#$%&'!&RR&-!#3!35/!3S!%5!2542#RC!.//F!95-!35/!
&/!'T33&-35//!.!3&/.4%&'&/!8.R!$&'!$&-3&$!8V-&!4-&.'!S!C#/2&-&-&!$&//&!2#-!0R.C&!58CR5-./4&-F!BS-!
$&''&!&-!0C-&8&'+!0C5R!35/!.!R&$&-4-D,,&/!#40S!8V-&!#70!,S!5'!&/!$&R!2542#RC!.CC&!T/0C&-!S!8V-&!
2542#RC!D/$&-!"#$%&'F!95-!35/!&/!`0&/.#-`!.!R&$&-4-D,,&/!0#3!C@&//&-!35/4&!#4!&-!,S!'5R&2#'!`3&$!
$&!2R&0'&`+!&-!$&'!C5/0C@&!R&''!S!2S!58CR5-'!0R.C'!#40SF!
Q&'!&-!R&$&-4-D,,&/!0#3!7V-&-!5/085-&'!3&$!S!2S!,S!,R500!5RR&!#,,458&-!0#3!0C5R!4@&//#32T-&0!.!
2#-C5/'!58!"#$%&'!#4!0&R8&!"#$%&'F!;&$&-4-D,,&/!C5/!R.C&8&R!.CC&!4@T-&!5R'!5R&/&+!#4!8.R!'-&/4&!&/!
-&CC&!-&00D-0,&-0#/&-!'.R!S!%@&R,&!3&$!0,&0.2.CC&!#,,458&-F!X/!58!%#8&$#,,458&/&!'.R!R&$&-4-D,,&/!
&-!0SR&$&0!S!$&R&4&-&!&/C&R'#,,458&-!#4!5/085-!8.$&-&!'.R!5/$-&!0#3!.4@&/!C5/0C@&!3S!&'57R&-&!&/!
3./$-&!4-D,,&!,&-0#/&-!-D/$'!0&4!#4!#,,458&/F!YC'D&RR&!5-7&.$04-D,,&-!0#3!0D,,R&-&-!
R&$&-4-D,,&/!C5/!8V-&M!
GF <&$.5('&53M! X/!4-D,,&!0#3!5-7&.$&-!3#'!3&$.5!#4!&C0,#/&-./4!58!"#$%&'!&-!
8.C'.4F!Q&'!%5/$R&-!#3!S!0&/$&!D'!,-&00&3&R$./4&-!#4!8V-&!
'.R4@&/4&R.4!2#-!3&$.5!./CRD$&-'!./'&-8@D&-F!:&53&'!C5/!#40S!%5!5/085-!
2#-!'&C0'!'.R!,R5C5'&-!#4!2R?&-0!$&-0#3!$&'!&-!5C'D&R'+!053'!%5!5/085-!
2#-!'-?CC!#4!$.0'-.7D0@#/F!Q&''&!'&53&'!7T-!8D-$&-&!S!%5!&/!&4&/!
`2#'#4-52`!0#3!D/$&-!"#$%&'!2S-!'5''!&/!$&R!7.R$&-!#4!4@&-/&!2.R3!'.R!
7-DC!,S!)/'&-/&''!#4!.!7-#0@?-&-!&'f!'.R!0&/&-&!S-F!)!L'585/4&-!%5-!
"#$%&'!8.$&-&!%8&-'!S-!&'!&4&'!"#$%&'35450./!0#3!C#33&-!D'!0#3!
8&$R&44!'.R!L'585/4&-!Y2'&/7R5$!^$.0'-.7D&-&0!0R.C_!.!2#-C5/'!58!"#$%&'!
$&-!35/!,-&0&/'&-&-!.$&!#4!%85!0#3!&-!4@#-'!'.$R.4&-&!&'fF!"#$!
&C0,#/&-./40C.R$&U!
KF oC#/#3.(!#4!0,#/0#-('&53M!Q&'!8.R!8V-&!7&%#8!2#-!S!0C522&!3.$R&-!#4!$&''&!&-!8.C'.4!S!,-.#-.'&-&F!
Q&'!85-.&-&-!S,&/75-'!%8#-!3?&!3.$R&-!35/!'-&/4&-!.!2#-%#R$!'.R!!
%8#-$5/!35/!R&44&-!#,,!"#$%&'F!Q&'!8.R!0.M!%8.RC&!'?,&-!#,,$-54!35/!
,S'5-!0&4+!%8#-!0'#-!"#$%&'!7R.-!#4!#3!35/!0C5R!7&/?''&!2&RR&0!'(
0C@#-'&-!&RR&-!R.4/&/$&!'.R!5-7&.$&-/&+!#3!35/!0&-!2#-!0&4!S!$&R&!D'!
C522&!#4!R.4/&/$&!$&-!35/!850C&-!7.R&-!&'fF!]!2S!.//!0,#/0#-3.$R&-!
C5/!0SR&$&0!8V-&!08V-'!584@T-&/$&F!Q&''&!'&53&'!8.R!D'2T-&!0.''!
5-7&.$!.!,&-.#$&/!f5!#C'#7&-(35-0!2#-D'!2#-!,S2TR4&/$&!"#$%&'F!!
! )!2#-%#R$!'.R!0,#/0#-./4!8.R!$&'!85-.&-&!%85!$&!2#-0C@&RR.4&!
"#$%&'005'0./4&/&!8.R!'.7?!0./&!0535-7&.$0,5-'/&-/&F!A#-!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
14
"#$%&'L'585/4&-!%5-!5//#/0&.//-?CC!.!"#$%&'035450./&'!8V-'!&/!
25C'#-+!-&CR53&!,S!'(0C@#-'&/!&'!5//&'!'.R7D$!^%5-!4S''!3&-!7#-'!2-5!
$&//&!$&!0.0'&!S-&/&_+!3&/!%5-!#40S!05''!'?$&R.4!#-$!,S!$&/!
.$&#R#4.0C&!25C'#-&/!8&$!"#$%&'M!8.!4.-!$&3!&/!5/R&$/./4!'.R!S!7&'?!&/!
2#-0C@&RRF!P.!%5-!C#/C-&'!R54&'!&/!7-#0@?-&!3&$!%85!"#$%&'!&-+!
8.'/&07?-$!#4!%85!8.!'-&/4&-!58!3.$R&-!2#-!S!4@&//#32T-&!#4!0S!7&0TC'!
7&$-.2'0R&$&-&!#4!5/$-&!C#/'5C'&-!.!7?&/F!!
ZF )//C@T,!#4!35'&-.5R('&53M! 6/$&-!"#$%&'!'-&/40!3?&!2#-0C@&RR.4!^35R&C#0'&-+!0T,,&R0&CC&-+!
%5/0C&-!053'!3500&!$.8&-0&!%54&D'0'?-_!i!5R'!58%&/4.4!58!%8.RC&!'?,&!
#,,$-54!35/!R&44&-!#,,!'.RF!B#&!3S!C@T,&0!^&RR&-!0,#/0&0_!5//&'!3S!
RS/&0!&RR&-!2-&30C522&0!,S!5//&'!8.0F!)!/#&/!'.R2&RR&-!&-!$&'!C5/0C@&!
5C'D&R'!S!2S!,S!,R500!58'5R&-!3&$!D'R&.&-&!58!D'0'?-!^B57#&/!&'fF_F!;&.&!
58!f#/'5./&-&!2#-!0T,,&R!7T-!#40S!$&R&4&-&0!'.R!$&''&!'&53&'F!)!'.RR&44!
3S!$&'!0#3!&-!0C522&'!R&44&0!2-&3!2#-!5-7&.$&-/&+!#4!-?$$&0!#4!
,5CC&0!/&$!.!&''&-C5/'!58!"#$%&'F!Q&'!&-!2#-/D2'.4!3&$!&'!&4&'!'&53+!
K(Z!,&-0#/&-+!'.R!$&''&!5-7&.$&'F!
IF L&-8.f&('&53M!! P&$!"#$%&'L'585/4&-!%5-!35/!%5''!&'!&4&'!0&-8.f&('&53F!Q&''&!&-!&'!
'&53!0#3!0&-8&-!$&!0#3!35R&-!%D0!#4!$&!0#3!850C&-!7.R&-F!L53'!i!
$&-0#3!$&'!&-!#,,R&44!2#-!75-/!&RR&-!R.4/&/$&!D/$&-!"#$%&'!&-!$&!
4@&-/&!./8#R8&-'!$&-!#40SF!Q&'!'&53&'!4@T-!&-!S!$.0'-.7D&-&!C522&+!
852R&-!#4!2R&-&!58!,&-0#/&/&!0#3!&-!3&$!%&-!&-!4@&-/&!5C'.8&!.!
053'5R&-!3&$!3#''54&-&F!
HF ;&$&-&!58!#,,$-54M! Q&-0#3!$&'!&-!35/4&!DR.C&!'?,&-!#,,$-54!0#3!4@&//#32T-&0!D/$&-!
"#$%&'!C5/!$&'!7R.!C-&8&/$&!S!#-45/.0&-&!5RR&!$.00&!,S!$&'5R@/.8S!2#-!
R&$&-4-D,,&/F!XC0&3,&R8.0!8.R!$&'!S!35R&!&'!%D0!C-&8&!7&0.C'.4&R0&!58!
%D0&'!.!2#-C5/'!58!"#$%&'+!#-45/.0&-./4!58!35R&-&!^%8#-!35/4&!'-&/40!
#4!%8&3!4@T-!%85_+!#-45/.0&-&!.//C@T,!58!35R./4!^$&-!$&'!'-&/40_+!%5!
#8&-0.C'!#8&-!/S-!$&'!'-&/40!R.2'!#4!0'.4&-!&'fF!Y8!$.00&!4-D//&-+!3&$!
2R&-&+!&'!$&'!2#-/D2'.4!S!%5!&/!&4&/!R&$&-!2#-!%8&-!5$-&00&!$&-!$&'!
35R&0!%D0F!jS!$&/!3S'&/!8.R!R&$&-4-D,,&/!CD/!'-&/4&!S!2#-%#R$&!0&4!
'.R!$&//&!&/&!,&-0#/&/!#4!.CC&!5RR&!5-7&.$&-&!&RR&-!5/$-&!DR.C&!
85-.57R&-!0#3!&-!-&R&85/'&F!:.R085-&/$&!$&-0#3!35/!8.R!850C&!7.R&-!i!
C5/!35/!%5!*/!,&-0#/!0#3!%5-!$&/!'#'5R&!#8&-0.C'&/!,S!$&''&!
#,,$-54&'!#4!0#3!$5!C#33D/.0&-&-!3&$!R&$&-4-D,,&/!3%'!7&%#8!
2#-5-7&.$&-&+!#-45/.0&-&!.//C@T,!$&-0#3!$&'!'-&/40!&'fF!!
BS!&-!$&'!.CC&!0R.C!5'!35/!3S!$&R&4&-&!#,,458&-!'.R!5CCD-5'!$.00&!4-D,,&/&!/&8/'!#8&-F!B#&!C5/!
C5/0C@&!R&$&-4-D,,&/!#-$/&!0&R8+!5/$-&!4-D,,&-!&-!$&'!C5/0C@&!.CC&!7&%#8!2#-+!#4!.!/#&/!'.R2&RR&-!
T/0C&-!35/!4@&-/&!S!$&R&4&-&!&RR&-!#-45/.0&-&!$&'!,S!5//&'!8.0!&''&-!&4/&!R#C5R&!7&%#8F!Q&''&!^#8&-_!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
15
&-!3&/'!2#-!S!.RRD0'-&-&!*/!3S'&!S!$&R&4&-&!,S+!053'.$.4!0#3!$&'!8.0&-!$&/!0'#-&!7-&$$&/!.!DR.C&!
#,,458&-!35/!3S!0&!2#-!0&4!S!5--5/4&-&!"#$%&'!C5/!7&0'S!58F!
PV-!#70!,S!2TR4&/$&F!;&$&-4-D,,&/!C5/!%S/$'&-&!2R&-&!58!$&!DR.C&!2D/C0@#/&/&!R.0'&'!#,,!#8&-F!<&/!.!
2#-C5/'!58+!#4!D/$&-!"#$%&'+!7T-!R&$&-4-D,,&/!%5!&''!2#CD0M!S!#-45/.0&-&!#,,$-54!#4!5-7&.$&-&F!
Q&''&!3&$!3./$-&!35/!0&''&-!/&$!&/!&4&/!4-D,,&!2#-!0R.C'F!Q&'!0#3!&-!8.C'.4!&-!5'!$&!0#3!
#-45/.0&-&-!5-7&.$&-&!#4!#,,$-54+!3S!0R.,,&!S!%5!5/$-&!2#CD0+!5R'0S!CD/!%5!$&''&!0#3!2#CD0!2T-!#4!
D/$&-!"#$%&'F!Q&-2#-!0R.C!$&R&4&-./4F!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
16
M"#$N)A29*834$$"#$%&'!588.C&0!S-R.4!.!,-./0.,,&'!@O)A43$*'3$-$9*+-!3&$!3./$-&!$&''&!.CC&!&-!3DR.4!,45!0,&0.&RR&!R#C5R&!
5--5/4&3&/'!&RR&-!2-.$54&-!C/?''&'!'.R!,./0&F!
"#$%&'!588.CR&0!i!$&-!$&'!&-!3DR.4!i!&883$E$*'3.&(3)$6388,6$'8,''3+$!I0:!!$&/!5C'D&RR&!DC&/F!B#&/!
0'&$&-!8.R!C5,50.'&'&/!/5'D-R.4!584-&/0&!$&''&!'.R!&/!$54h&'!,5-!$54&-h%&R4&/!$&//&!DC5+!/#&!0#3!&-!
%&R'!5C0&,'57&R'F!Q&'!#,,3D/'-&0!'.R!5'!053'R.4&!$&R'54&-&!$&R'5-!D/$&-!%&R&!"#$%&'F!!
6/$&-!7&0C-.8&0!DR.C&!250&-!3%'!%85!0#3!7T-!8V-&!2#CD0!.!,R5/R&44./4&/!2-&3!3#'!"#$%&'F!A50&!G!
0'5-'&-!%T0'&/!2T-!"#$%&'+!#4!0.0'&!250&!&-!0&R8&!"#$%&'F!!
!
U4@1%<%L@19&1#C1,%H%51@1#C1,M%
)!$&//&!250&/!3S!35/!%5!2#CD0!,S!2TR4&/$&M!
GF P4&J83)3$83.3)()*==3+!2#-!/&0'&!S-0!"#$%&'F!Y/085-&'!2#-!$&//&!#,,458&/!7T-!R.44&!$&R0!%#0!
3&/.4%&'&/!^5/05''&+!Y4&/$5G($&R'54&-&+!R&$&-&_!#4!$&R0!%#0!2#--.4&!R&$&-4-D,,&F!<./.3D3!G(K!
,&-0#/&-!2-5!S-&'0!"#$%&'!^$80!$&/!0#3!7R&!/?R.4!588.C'&'_!7T-!8V-&!3&$!.!,S2TR4&/$&!
R&$&-4-D,,&!2#-!S!%#R$&!&/!4#$!C#/'./D.'&'!.!5-7&.$&'F!!
KF P7&8*3)3$<)34A$1,.234!^$&-0#3!$&'!&-!4@&//#32T-'_!#4!R&44&!C#/C-&'&!,R5/&-!&RR&-!0'-5'&4.!2#-!
%8#-$5/!35/!8.R!588.CR&!,S2TR4&/$&!"#$%&'+!$&''&!0V-R.4!3&$!'5/C&!,S!%8.RC&!'?,&!#,,$-54!35/!
8.R!'5F!9&/0.C'&/!&-!/5'D-R.48.0!S!053R&'!'5!RV-$#3!58!$&'!D'2T-'&!5-7&.$&'!#4!#-45/.0&-./4&/!#4!'5!
%T?$&!2#-!$&''&!.!,R5/R&44./4!#4!588.CR./4!58!,S2TR4&/$&!"#$%&'F!
ZF Q',+,6-0$,($A=,+A,)043&6M!Q&''&!'&53&'!^K(Z!,&-0#/&-_!3S!,S!,R500!0S!0/5-'!0#3!3DR.4F!"@&-/&!
5RR&-&$&!.!0&,'&37&-+!0R.C!5'!$&!C5/!C#33&!.!45/4!3&$!0.''!5-7&.$!f5!#C'#7&-F!L&R8!#3!$&'!C5/0C@&!
%T-&0!0R.C!D'+!'-&/4&-!$&'!.CC&!/T$8&/$.48.0!8V-&!3?&!5-7&.$!2#-!$&//&!4-D,,&/F!9&/0.C'&/!&-!S!
0.C-&!-&00D-0&-!.!2#-3!58!C-#/&-!&RR&-!D'0'?-!0#3!053085-&-!3&$!$&!537.0@#/&/&!35/!%5-!2#-!
"#$%&'02&0'.85R&/+!Q&''&!3&$2T-&-!5'!35/!.!$&''&!'&53&'!C5/0C@&!.CC&!C#33&-!.!45/4!3&$!$&'!
C#/C-&'&!5-7&.$&'!2T-!&85RD&-./4&/!#4!&/!CR5-!0'-5'&4.!%85!35/!8.R!4@T-&!D/$&-!,S2TR4&/$&!
"#$%&'02&0'.85R!&-!58CR5-'!^@532T-!,D/C'&'!#8&-_F!a#RR&C'!&-!&/!/5'D-R.4!C.R$&!'.R!0R.C&!-&00D-0&-F!
IF )!$&//&!250&/+!0&/&0'!$&0&37&-+!7T-!35/!2S!D'!&8&/'D&RR&!-+7-4&A9,+3)$R4-8$<$7S)3$63.$=<$
1,.234T$4-8$&+.)3$63+-(2343)F!P.!#,,2#-$-&-!3&/.4%&'&-!'.R!S!./8.'&-&!5/$-&!3&/.4%&'&-!3&$!,S!
5--5/4&3&/'&'!58!2R&-&!4-D//&-M!W#!2R&-&!3&/.4%&'&-+!$&00!2R&-&!2-.8.RR.4&+!$&00!0'T--&!#325/4!2S-!
4#$%&'&/!^4-52.0C&!#345/4!&-!@#!&'!/5'D-R.4!0,T-03SR+!3&/!$&''&!C5/!58CR5-&0!3&$!
"#$%&'B#-4&_F!)!'.RR&44!&-!$&'!8.C'.4!S!0.!5'!"#$%&'!&-!&'!TCD3&/.0C!C#/0&,'!#4!&/!4R.3-&/$&!
3DR.4%&'!2#-!3&/.4%&'&-!'.R!S!5-7&.$&!0533&/!#3!&'!2&RR&0!,-#0@&C'F!! ! !
! ! ! ! ! ! ! ! ! ! ! !
! X/!C#37./50@#/!58!0C-.2'R.4!#-.&/'&-./4!^3&$!%&/8.0/./4!'.R!'.$R.4&-&!4@&//#32T-'&!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
17
"#$%&'0DC&-_!C#37./&-'!3&$!&'!./2#-350@#/03T'&!^4@&-/&!.!@5/D5-(2&7-D5-_!C5/!8V-&!&/!
2#-/D2'.4!RT0/./4F!Q&'!7T-!8D-$&-&0!#3!35/!0C5R!R&44&!#,,!'.R!5'!./8.'&-'&!3&/.4%&'&-!7T-!8V-&!
3&$!S!7.$-5!'.R!2./5/0.&-./4&/!58!"#$%&'F!
Q&-0#3!35/!0&-!2#-!0&4!5'!./8.'&-'&!3&/.4%&'&-!0C5R!8V-&!3&$!.!0&R8&!D'8.CR./4&/!#4!'&/C/./4&/!
58!,S2TR4&/$&!"#$%&'+!3S!$&//&!./8.'50@#/&/!#4!./2#-350@#/03T'&!%&/%#R$08.0!0&/$&0!D'!#4!
58%#R$&0!'.$R.4&-&!.!$&//&!250&/F!
HF U&(@,8'$-$63+-(2343+M!Q&'!C5/!8V-&!4-&.'!S!%5!&/!#8&-0.C'!#8&-!2542#RC!0#3!C5/!C#/'5C'&0!/S-!
254R.4&!8D-$&-./4&/!3S!4@T-&0!2T-!&RR&-!D/$&-!"#$%&'F!
dF U,)A-')-+(3)M!Q&''&!&-!8.C'.4U!;&$&-4-D,,&/!0533&/!3&$!5--5/4T-&/!58!"#$%&'!^3&/.4%&'&/_!
3S!0T-4&!2#-!5'!$&'!2./0!2#-0.C-./4&-!0#3!$&CC&-!5-7&.$0D%&RRF!9&-!&-!$&'!C5/0C@&!3DR.4!3&$!
D'8.$&R0&!58!&C0.0'&-&/$&!2#-0.C-./4&-!3&/.4%&'&/!%5-!2#-!5-7&.$0D%&RR!58!2-.8.RR.4&!.!3&/.4%&'&/F!
p/!DC&-0!D'8.$&R0&!58!&/!0R.C!2#-0.C-./4!7T-!8D-$&-&0F!Q&/!/#-0C&!C.-C&!%5-!&/!&4&/!2#-0.C-./4!
^aB)A_!0#3!C5/!8V-&!5C'D&R'!S!0@&CC&!D'!2#-!3&/.4%&'&-!3&$!0R.C!'.R%T-.4%&'F!!
!
U4@1%B%L*4(74,%H%49,'/M%
GF V+@,)6&A9,+A6O43$63.$-+7-43)43$63+-(2343)M!Q&''&!7R.-!$&/!C#/C-&'&!#,,2TR4./4&/!58!
./8.'50@#/&/!^0&!,D/C'!I!#8&-_F!Q&''&!3T'&'!8.R!.!%#8&$05C!4-&.&!0&4!#3!S!2S!#8&-0.C'!#8&-!%8&3!
0#3!&-!3&$+!#4!8.$&-&2#-3.$R&!$&'!0#3!2#-3.$R&0!.!$&''&!0C-.8&'+!0V-R.4!C5,F!G+!K+!I!#4!%8.RC&!'?,&!
#,,$-54!35/!8.R!4@&//#32T-&F!)!'.RR&44!&-!$&'!/5'D-R.48.0!8.C'.4!S!./2#-3&-&!%8#-$5/!35/!
#-45/.0&-&-!,S3&R$./4&-!#4!5-7&.$&-&!#4!'.R$&R./4!58!#,,$-54F!Q&''&!3T'&'!C5/!4@&-/&!C#33&!.!
5,-.R+!3&/!$&''&!3S!35/!0&!5/!3%'!%8#-!3?&!./2#-350@#/!$&!./8.'&-'&!T/0C&-!%8#-!2#-'F!Q&'!C5/!
8V-&!5C'D&R'+!.!5RR&!25RR!2T-0'&!45/4!"#$%&'!5--5/4&-&0+!S!%5!$&''&!3T'&'!.!@5/D5-!2#-!C@5,'!S!2TR4&!
#,,!./8.'50@#/&/!#4!2#-!S!2#-3.$R&!8.C'.4!./2#-350@#/!0#3!3S!8.$&-&7-./4&0!3&/.4%&'&/!^@532T-!
,D/C'!D/$&-!#3!S!0C5,&!&.&-2#-%#R$!'.R!"#$%&'_F!
KF P4&J83)3$.3$*8-'3$&)J3-.A()*==3+3!^0&!C5,F![_M!Q&''&!&-!58%&/4.4!58!%8.RC&!#,,$-54!35/!8.R!4@T-&+!
#4!%8#-!#325''&/$&!35/!8.R!4@T-&!$&3F!<&/!,&-0#/&-!0#3!0D,,R&-&-!R&$&-4-D,,&/!3&$!
,-5C'.0C&!#,,458&-!&-!8.C'.4F!
ZF W3)7-X343&6M!Q&-0#3!35/!0C5R!%5!&'!0&-8.f&'&53!^0&!C5,F![!#4!,D/C'!K!#8&-_!7T-!$&''&!C#33&!
,S!,R500!'.$R.4!0R.C!5'!R#4.0'.CC,R5/&-!#4!,R5/&-!2#-!7&0'.RR./4&-!&-!CR5-'!'.$R.4F!
IF P+.38-($&7'8&)-+($&7$27-8'3$,==.)&($A,6$A'&8$-+'8*.3)30M!<5/!C5/!4@&-/&!%#R$&!$&'!/#&!S,/&'!
%8.RC&!'?,&!#,,$-54!35/!0&-!2#-!0&4!D/$&-!"#$%&'F!<&/!.!$&//&!250&/!7T-!5R'!C#33&!,S!,R500F!
HF V++'9O=$&7$*4A4Y)M!>50&-'!,S!%8.RC&!#,,$-54!35/!%5-!7&0'&3'!0&4!2#-!3S!$&''&!C@T,&0!.//+!&RR&-!
,S!5//&'!8.0!5/0C522&0!.!$&//&!250&/F!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
18
dF V++'9O=$Z0A'9,)43)M!:(0C@#-'&-!3&$!"#$%&'!0./!R#4#!^85-0&R'-&C5/'!3&$!%@&-'&!._!&-!&/!4#$!3S'&!S!0C5,&!#,,3&-C0#3%&'F!P.!5/7&25R&-!5RR&!S!C@T,&!.//!0R.C&!'(0C@#-'&-!$5!$&'!7S$&!0C5,&-!'?$&R.4!
'.R%T-.4%&'!#4!4@T-!C#/0&,'&'!"#$%&'!&/$5!3&-!4@&/C@&//&R.4!2#-!D'&/2#-0'S&/$&F!
eF L&(3$J),A9Y)3$,($=8&'&43)M!
[F F)J3-.34$6,4$63+-(2343+M!Q&''&!&-!08V-'!0&/'-5R'!.!$&//&!250&/F!Q&'!S!./2#-3&-&+!3#'.8&-&!#4!S!
0C5,&!&.&-2#-%#R$!'.R!"#$%&'!&-!&/!/TCC&R#,,458&!.!$&//&!250&/F!P.!8.R!,S!$&'!0'&-C&0'&!5/7&25R&!S!
7-DC&!'.$!,S!$&''&!,S!4D$0'@&/&0'&-h3T'&-!#4!.!f&RR&4-D,,&-h7.7&R4-D,,&-F!6/$&-8.0/./4!#3!$&'!
7.7&R0C&!4-D//R54&'!2#-!4#$%&'!#4!%8#-2#-!$&'!&-!8.C'.4!&-!&00&/0.&R'!2#-!S!0C5,&!&.&-0C5,!#4!
'.R%T-.4%&'!'.R!"#$%&'F!
!
U4@1%E%L#4'M%
Q&'!&-!.!$&//&!250&/!$&'!7&4?//&-!S!7R.!3?&!S!4@T-&F!
GF [,+4&'4$63.$63.-&M!j-&00&3&R$./4!7T-!0&/$&0!D'+!#4!4@&-/&!5//&/!$.-&C'&!C#/'5C'!3&$!3&$.5!
2#-!S!2S!2#CD0!,S!C#33&/$&!"#$%&'!#4!,S3&R$./4&-F!
KF \8&'&43)$,($&++3+$3'A=,+3)-+(M!Q&''&!3S!,S!,R500!2T-0'&!DC&!.!35.F!
ZF \<638.-+(3)$&7$,==.)&($,($&)J3-.3)3$A4&)43)M!jS3&R$./4&-+!2#-!7S$&!3#''54&-&!#4!$&R'54&-&+!
3S!./.'.&-&0!'.$R.4!.!35.+!4@&-/&!GF!35.!^&8&/'D&R'!C5/!35/!S,/&!,S3&R$./4&-!5RR&-&$&!.!5,-.R_F!
IF H*A6&8-+(M!Q&-0#3!$&''&!&-!5C'D&R'!3S!5$-&00&/&!0@&CC&0!3%'!2-&3C#33&R.4%&'+!
4@&//#32T-75-%&'+!-&00D-0C-58!&'fF!
HF L3-3$&7$*4A4Y-M!>50&-'!,S!$&!5C'D&RR&!'?,&/&!#,,$-54!35/!0&-!2#-!0&4!S!'5+!3S!35/!'5!0'.RR./4!'.R!
%8.RC&!'?,&!D'0'?-!0#3!'-&/40!^R.2'+!f#/'5./&-!&'fF_!#4!2S!7&0'.R'!$&''&F!
dF [,=83$,==.)&($,($&)J3-.3)3M!;&$&-4-D,,&/!7T-!,S7&4?//&!C#,R./4&/!3&RR#3!#,,$-54!#4!
5-7&.$&-&!.!0RD''&/!58!$&//&!250&/F!X-!%D035R./4!5C'D&R'!7T-!$&//&!C#,R./4&/!2&-$.40'.RR&0!0&/&0'!
'#!DC&-!2T-!"#$%&'!0R.C!5'!$&R'54&-/&!&RR&-!R&$&-&!58!4.''&!%D035R./40,-#0@&C'&-!0&R8!C5/!7&0.C'.4&!
%D0&'!#4!0R.C!5'!0C-5,./4!#4h&RR&-!850C!4@&//#32T-&0!2T-!0&R8&!"#$%&'F!
!
!
!
!
!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
19
U4@1%I%LP-1(%3F,%?+501&M%GF V+@,)6&A9,+A6O43$@,)$.384&(3)3$R'-X'$,@@TM!X/!0.0'&!053R./4!3&$!$&R'54&-&!2T-!"#$%&'!C5/!8V-&!
4-&.'F!9&-!4.0!4@&-/&!0.0'&!#,,$5'&-'&!./2#-350@#/!#4!0.0'&!-&,&'.0@#/!#4!#-.&/'&-./4!#3!8.C'.4&!
,-./0.,,&-!^@532T-!C5,F!I_F!9&-!%5-!35/!2-5!"#$%&'!&RR&-!3&/.4%&'&/0!0./!0.$&!3DR.4%&'!'.R!S!8.0&!
4#$%&'!#8&/2#-!$&R'54&-&F!Q&!2T-0'&!S-&/&!8&$!L'585/4&-!7R&!$&''&!&/!R.'&/!2&0'!3&$!
D/$&-%#R$/./4!#4!R.''!4#$!35'F!;&44!$&//&!053R./4&/!R.''!0&/'!.!DC&/+!@532T-!,D/C'!K!#4!Z!D/$&-F!
KF L3.3)()*==3+M!;&$&-4-D,,&/!3S!$&//&!DC&/!C#,R&!3&0'!3DR.4!58!$&'!0#3!C5/!C#,R&0!58!
#,,$-54!#4!$&R'54&-&F!9&R0'!2T-!`C.fC!#22`!^@532T-!,D/C'!G!#4!Z_F!
ZF ]4.38-+($&7$,==.)&(D!<&0'!3DR.4!58!C#,R&$&!#,,$-54!7T-!$&R&0!D'!$&//&!DC&/!0R.C!5'!$&R'54&-&/!
35/$54&/!D/$&-!"#$%&'!C5/!4S!$.-&C'&!'.R!5$-&00&/!$&!0C5R!@#77&!8&$F!X/!.$*!&-!S!$&R&!D'!$&!
CR5-&!#,,$-54&/&!D/$&-!C.fC!#22F!
IF ]4A4Y)M!YR'!58!D'0'?-!0#3!0C5R!8V-&!'.R4@&/4&R.4!2#-!$&R'54&-/&!D/$&-!"#$%&'!7T-!R&44&0!2-&3!DC&/!
2T-!"#$%&'F!
!
U4@1%J%L%?+501&M%
GF L3.3)()*==3+$^$W3')34&)-&434M!L5//0?/R.48.0!C#33&-!$&'!#,,$-54!.//!'.R!0&C-&'5-.5'&'!D/$&-!%&R&!
"#$%&'F!jS!4-D//!58!3&$.&#,,3&-C0#3%&'!#4!5'!35/4&!3&//&0C&-!8.0&-!.4@&/!3&$!R.C&!:(
0C@#-'&-!.!7?7.R$&'!&RR&-!/57#R54!7R.-!7-S''!35/4&!#,,3&-C0#33&!,S!$&'!0#3!0C@&-!#4!2R&-&!8.R!
3&R$&!.//!5C'D&RR&!#,,$-54F!Q.00&!3S!`7&%5/$R&0`!58!0&C-&'5-.5'&'F!L5//0?/R.48.0!&-!$&'!#40S!
/#&/!$&R'54&-&!0#3!.CC&!%5-!3&R$'!0&4!'.$R.4&-&!#4!0#3!4@&-/&!8.R!8V-&!3&$F!Q.00&!3S!#40S!2S!
#,,$-54F!P.$&-&!8.R!$&R'54&-&!.!35/4&!'.R2&RR&-!7R.!-50C'!2&-$.4!3&$!0.''!#,,$-54!#4!8&/$&-!
2#-%S,&/'R.4!'.R75C&!'.R!0&C-&'5-.5'&'!2#-!S!%&/'&!/?''!#,,$-54F!jS!$&//&!3S'&/!%5-!4@&-/&!
0&C-&'5-.5'&'!/#C!S!4@T-&!$&//&!DC&/F!
KF W&683$-++$.3$(,.3$2-A4,)-3+3M!X'!,5-!,&-0#/&-+!&8&/'D&R'!R&$&-4D,,&/h0&C-&'5-.5'&'+!7T-!0&''&0!
,S!S!/#'&-&!/&$!$&!4#$&!%.0'#-.&/&!0#3!$DCC&-!#,,!/S-!$&R'54&-&!5/C#33&-!0&C-&'5-.5'&'!2#-!
58%&/'./4!58!/?&!#,,$-54!&RR&-!75-&!0'.CC&-!.//#3F!Q.00&!%.0'#-.&/&!C#33&-U!)!'.RR&44!7T-!35/!%5!
&/!`2#'#4-52`!0#3!#8&-!&/!$54!&RR&-!'#!'5-!&/!$&R!7.R$&-!#4!h!&RR&-!2.R3!0#3!C5/!7-DC&0!'.R!/&0'&!S-0!
"#$%&'F!
ZF _==)Y.+-+(MYR'!58!4@&/8V-&/$&!D'0'?-!0#3!%5-!8V-'!'.R4@&/4&R.4!2#-!$&R'54&-/&!D/$&-!"#$%&'!
3S!-?$$&0!#4!,5CC&0!/&$!'.R!/&0'&!S-0!"#$%&'F!"@&-/&!58'5R!3&$!/#&/!2T-!"#$%&'!0#3!'5-!5/085-!
2#-!$&''&+!0R.C!5'!R&$&-4-D,,&/!8&'!5'!$&''&!7R.-!4@#-'!#4!.CC&!0&R8!7R.-!0'S&/$&!.4@&/!3&$!3500&!
&C0'-5!5-7&.$F!
!
"#$%&'B#-4&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)<)(C.-C&/+!"D//5-!E5-&7&-404'F!GH!+!IJKG!L'585/4&-!
)/'&-/&''M!NNNF4#$%&'F/#+!&(,#0'M!4#$%&'O4#$%&'F/#!
20
Avtale ved husmaling
1. I forbindelse med Godhet 2013 inngås med dette følgende avtale mellom hjelperne i Godhet (heretter kalt utføreren) og
Navn og adresse:____________________________________________________________
(heretter kalt mottageren)
2. Utføreren påtar seg å utføre følgende spesifiserte husmalingsarbeid for mottageren
Forarbeid (vasking/skraping):___________________________________________________
Maling(fargekode, omfang): ___________________________________________________
___________________________________________________
Annet (evt. tilleggstjenester): __________________________________________________
3. Mottager påtar seg å sørge for at følgende nødvendige forberedeler er gjort på
forhånd: __________________________________________________________________
4. Arbeidet vil fortrinnsvis bli utført og ferdigstilt i løpet av uke 23 (mandag 03.06.13 – fredag 07.06.13). Dersom dårlig vær forhindrer dette, vil påbegynt arbeid bli utført og ferdigstilt snarest mulig deretter.
5. Utføreren skaffer til veie alt nødvendig utstyr. Utgiftene forbundet med oppdraget (til eksempelvis maling, verktøy, lift og lignende) dekkes av utføreren.
Eventuelle avtalte unntak: __________________________________________________
6. Utføreren forplikter seg til å utvise normal aktsomhet i forbindelse med utførelsen av arbeidet. Eventuell skade som likevel måtte bli påført mottagerens eiendom som følge av uhell eller uforsiktighet vil bli rettet opp/erstattet av utføreren.
7. Tjenesten utføres på ikke-kommersielt grunnlag. Malingsarbeidene vil bli utført ved hjelp av frivillige medarbeidere på dugnadsbasis. På dette grunnlaget er partene innforstått med at arbeidet vil bli utført etter beste evne, men at mottageren fraskriver seg et hvert
reklamasjonskrav mot eventuelle mangler ved arbeidet,
Sted:
For utfører: For mottager:
____________________________ ___________________________________
!