"OBMMQPMFJTPMBUJOHTXJUDIXJUIBUMFBTUBNNDPOUBDUHBQNVTU
CFGJUUFEJOUIFJOTUBMMBUJPO5IFQMVHNVTUTUJMMCFBDDFTTJCMFBGUFS
JOTUBMMBUJPO
0OMZBRVBMJGJFEFMFDUSJDJBOXIPUBLFTUIFBQQSPQSJBUFSFHVMBUJPOT
JOUPBDDPVOUNBZJOTUBMMPSSFQMBDFUIFDPOOFDUJOHDBCMF
*GUIFQPXFSDPSEGPSUIFBQQMJBODFCFDPNFTEBNBHFEUIJTNVTU
CFSFQMBDFEXJUIBTQFDJBMDPOOFDUJOHDBCMFUIBUDBOCFPCUBJOFE
GSPNUIFNBOVGBDUVSFSPSUIFNBOVGBDUVSFSTDVTUPNFSTFSWJDF
EFQBSUNFOU
$SSOLDQFHGLPHQVLRQV)LJ $
([KDXVWFRQQHFWLRQ)LJ%
■
$POOFDUJOHQJFDFEJBNNFODMPTFE
■
$' 1JQFBEBQUFSGPSDPOOFDUJOHQJQFTPGEJBNN
BOE EJB NN 5P BEBQU UP B EJBNFUFS PG PS NN
TBXPGGUIFEJBNFUFSUIBUJTOPUSFRVJSFE
0QUJPOBMBDDFTTPSZQMFBTFPSEFSTFQBSBUFMZ
■
$' "JSDPMMFDUPSGPSGMBUEVDUT
0QUJPOBMBDDFTTPSZQMFBTFPSEFSTFQBSBUFMZ
■
$' "JSDPMMFDUPSGPSSPVOEQJQFTEJBNN
0QUJPOBMBDDFTTPSZQMFBTFPSEFSTFQBSBUFMZ
3UHSDULQJWKHFDELQHW)LJ D
5IF TUBCJMJUZ PG UIF GJUUFE VOJU NVTU BMTP CF HVBSBOUFFE BGUFS UIFDVU
PVUT
.BLFUIFDVUPVUJOUIFCBTFQMBUFJOBDDPSEBODFXJUIUIF
JOTUBMMBUJPOESBXJOH
"GUFSNBLJOHUIFDVUPVUTSFNPWFBOZTIBWJOHT
1RWHV
■
5IFQPTJUJPOPGUIFDVUPVUDBOCFWBSJFEBDDPSEJOHUPUIFMPDBM
DPOEJUJPOT
■
5IFNJOJNVNEJTUBODFCFUXFFOUIFGFFUNVTUCF NN
■
'PSBCBTFIFJHIUUIBUJTTNBMMFSUIBO NNBOPQFOJOH
UPXBSE UIF GSPOU NVTU CF FTUBCMJTIFE 5IJT QBSU PG UIF CBTF QMBUF
DBOCFSFJOTFSUFEBGUFSJOTUBMMBUJPO )LJE
)LWWLQJWKHDSSOLDQFH
4MJEFUIFBQQMJBODFVOEFSUIFVOJU )LJ
1RWH 5IFBQQMJBODFIBTSVCCFSGFFUGJYJOHOPUSFRVJSFE
$OWHUQDWLYH 'JU UIF CSBDLFU TVQQMJFE UP UIF TJEF PG UIF BQQMJBODF
BOEUIFOTFDVSFUIFBQQMJBODFUPUIFCBDLXBMMVTJOHGPVS
TDSFXT )LJ
1RWH "MJHOUIFBQQMJBODFIPSJ[POUBMMZ
'JUUIFDPOOFDUJOHQJFDFUPUIFBQQMJBODF"MUFSOBUJWFMZDPOOFDU
BOBJSDPMMFDUPS TQFDJBMBDDFTTPSZ
4FDVSFUIFFYIBVTUBJSQJQFUPUIFDPOOFDUJOHQJFDFBOETFBM
BQQSPQSJBUFMZ
1RWHV
■
5IFFYUSBDUFEBJSGSPNHBTGJSFEBQQMJBODFTNVTUOPUCF
HVJEFEUISPVHIGMBUEVDUT%VFUPUIFIJHIFSFYUSBDUFEBJS
UFNQFSBUVSFUIFTFNBZCFDPNFEFGPSNFE
■
8IFODPNCJOFEXJUIHBTGJSFEBQQMJBODFTVTFBMVNJOJVN
QJQFT
■
*GBOBMVNJOJVNQJQFJTVTFETNPPUIUIFDPOOFDUJPOBSFB
CFGPSFIBOE
&RQQHFWLQJWKHDSSOLDQFHWRWKHSRZHUVXSSO\
(VWDEOLVKLQJDQDLUH[WUDFWLRQFRQQHFWLRQ
1RWH *GZPVVTFBOBMVNJOJVNQJQFTNPPUIUIFDPOOFDUJPOBSFB
CFGPSFIBOE
4FDVSFUIFFYIBVTUBJSQJQFEJSFDUMZUPUIFBJSTPDLFUT
&TUBCMJTIBDPOOFDUJPOUPUIFFYIBVTUBJSPQFOJOH
4FBMUIFDPOOFDUJPOQPJOUTBQQSPQSJBUFMZ
(VWDEOLVKLQJDFRQQHFWLRQWRWKHPDLQV
1MVHUPHFUIFSUIFTVQQMZDBCMFGPSUIFSFNPUFGBOVOJUBOEUIF
TVQQMZ DBCMF GPS UIF DPOUSPM VOJU 5IF QMVHT NVTU TOBQ JOUP QMBDF *G
UIFBQQMJBODFEPFTOPUXPSL$IFDLUIBUUIFDPOOFDUJPODBCMFJT
QPTJUJPOFEDPSSFDUMZ
5HPRYLQJWKHDSSOLDQFH
%JTDPOOFDUUIFBQQMJBODFGSPNUIFQPXFSTVQQMZ6OEPUIF
FYIBVTUDPOOFDUJPOT%JTDPOOFDUUIFTVQQMZDBCMFGPSUIFDPOUSPM
VOJUBOEUIFTVQQMZDBCMFGPSUIFGBONPEVMF1VMMPVUUIF
BQQMJBODF
fr
Þ
/PUJDFEFNPOUBHF
:
3UpFDXWLRQVGHVpFXULWpLPSRUWDQWHV
-JSFBUUFOUJWFNFOUDFNBOVFM$FOFTURVBMPSTRVFWPVTQPVSSF[
VUJMJTFS WPUSF BQQBSFJM DPSSFDUFNFOU FU FO UPVUF T©DVSJU© $POTFSWFS
MBOPUJDFEVUJMJTBUJPOFUEFNPOUBHFQPVSVOVTBHFVMU©SJFVSPV
QPVSMFQSPQSJ©UBJSFTVJWBOU
-BT©DVSJU©EFM࣐BQQBSFJM M࣐VTBHFFTUHBSBOUJFT࣐JMB©U©FODBTUS©
DPOGPSN©NFOU MBOPUJDFEFNPOUBHF-FNPOUFVSFTU
SFTQPOTBCMF EV GPODUJPOOFNFOU DPSSFDU TVS MF MJFV P¹ MBQQBSFJM FTU
JOTUBMM©
-࣐JOTUBMMBUJPOEPJUBWPJSMJFVFOSFTQFDUBOUMFTQSFTDSJQUJPOT
BDUVFMMFNFOUFOWJHVFVSEBOTMFC¢UJNFOUBJOTJRVFMFT
QSFTDSJQUJPOTQVCMJ©FTQBSMFTDPNQBHOJFTEJTUSJCVUSJDFT
E࣐©MFDUSJDJU©FUEFHB[
'DQJHUGHPRUW
*MZBSJTRVFEJOUPYJDBUJPOQBSS©BTQJSBUJPOEFTHB[EFDPNCVTUJPO
&ODBTEVUJMJTBUJPOTJNVMUBO©FEFMBQQBSFJMFONPEF©WBDVBUJPO
EFMBJSFUEVOGPZFS DPNCVTUJPOBMJNFOU©FOBJSBNCJBOUWFJMMF[
JNQ©SBUJWFNFOU DFRVFMBQQPSUEBJSTPJUTVGGJTBOU
-FTGPZFST DPNCVTUJPOBMJNFOU©TFOBJSBNCJBOU QBSFYFNQMF
BQQBSFJMTEFDIBVGGBHFBVHB[BVCPJTBVGJPVMPVBVDIBSCPO
MFTDIBVGGFFBVDIBVGGFFBVBDDVNVMBUFVSTQS©M¨WFOUMBJSEF
DPNCVTUJPOEBOTMBQJ¨DFP¹JMTTPOUJOTUBMM©TFUSFKFUUFOUMFTHB[
EFGVN©F MFYU©SJFVSQBSMFCJBJTEVOTZTU¨NFTQ©DJGJRVF
DIFNJO©FQBSFYFNQMF
-PSTRVF MB IPUUF BTQJSBOUF FTU FO NBSDIF FMMF QS©M¨WF EF MBJS EBOT
MB DVJTJOF FU EBOT MFT QJ¨DFT WPJTJOFT TJ MBQQPSU EBJS GSBJT FTU USPQ
GBJCMF VOF E©QSFTTJPO TF GPSNF %FT HB[ UPYJRVFT QSPWFOBOU EF MB
DIFNJO©FPVEVDPOEVJUE©WBDVBUJPOTPOUS©BTQJS©TEBOTMFT
QJ¨DFTEIBCJUBUJPO
■
*M GBVU EPOD UPVKPVST TBTTVSFS RVF MBQQPSU EBJS GSBJT FTU TVGGJTBOU
■
-BQS©TFODFEVOFWFOUPVTFU©MFTDPQJRVFEBQQPSUFU
E©WBDVBUJPOEBJSOFTVGGJUQBT BTTVSFSMFSFTQFDUEFMBWBMFVS
MJNJUF
-FGPODUJPOOFNFOUT»SEFMBQQBSFJMOFTUQPTTJCMFRVFTJMB
E©QSFTTJPO EBOT MB QJ¨DF P¹ FTU JOTUBMM© MF GPZFS OF E©QBTTF QBT
1B NCBS0OZQBSWJFOUFOQS©TFODFEPVWFSUVSFTOPO
PCUVSBCMFTBN©OBH©FTQBSFYEBOTMFTQPSUFTGFOªUSFTFUFO
BTTPDJBUJPOBWFDEFTWFOUPVTFTU©MFTDPQJRVFTEBENJTTJPO
©WBDVBUJPOEFMBJS USBWFSTMBNB§POOFSJFPVQBSEBVUSFT
NFTVSFTUFDIOJRVFTQFSNFUUBOU MBJSEBGGMVFSQPVSBTTVSFSMB
DPNCVTUJPO
%FNBOEF[UPVKPVSTDPOTFJMBVNB®USFSBNPOFVSDPNQ©UFOURVJ
QPVSSB ©WBMVFS MFOTFNCMF EV S©TFBV EF WFOUJMBUJPO EF MB NBJTPO FU
WPVTQSPQPTFSMFNPZFOMFNJFVYBEBQU©QPVSMB©SBUJPO
4J MB IPUUF BTQJSBOUF FTU VUJMJT©F FYDMVTJWFNFOU FO NPEF SFDZDMBHF
MFGPODUJPOOFNFOUFTUQPTTJCMFTBOTSFTUSJDUJPOT
5LVTXHGHEOHVVXUH
%FTQJ¨DFT MJOU©SJFVSEFMBQQBSFJMQFVWFOUQS©TFOUFSEFTBSªUFT
WJWFT1PSUFSEFTHBOUTEFQSPUFDUJPO
5LVTXHGHFKRFpOHFWULTXH
%FTQJ¨DFT MJOU©SJFVSEFMBQQBSFJMQFVWFOUQS©TFOUFSEFTBSªUFT
WJWFT*MZBSJTRVFEFOEPNNBHFNFOUEVD¢CMFEBMJNFOUBUJPO
1FOEBOUM࣐JOTUBMMBUJPOWFJMMFS OFQBTQMJFSOJDPJODFSMFD¢CMF
E࣐BMJNFOUBUJPO
5LVTXHGDVSK\[LH
-FNBU©SJFMEFNCBMMBHFFTUEBOHFSFVYQPVSMFTFOGBOUT/F
QFSNFUUF[KBNBJTBVYFOGBOUTEFKPVFSBWFDMFTNBU©SJBVY
E࣐FNCBMMBHF