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ɨF EFTJSF UP JODMVEF BEEJUJPOBM QSPDFTTFT JO %(7.T BOE JODSFBTF WFSTBUJMJUZ JT CPVOE UP BEE UP UIF QSPCMFN PG DPOTUSBJOJOH VODFSUBJOUZ BCPVU QBSBNFUFST BOE QSPDFTTFT )PXFWFS PVS SFTVMUT IBWF TIPXO UIBU FWFO UIPVHI UIF DVSSFOU TUBUVT PG EBUB BWBJMBCJMJUZ JT JOUFSNF EJBUF JU JT JNQPSUBOU UP BEWBODF XJUI JODPSQPSBUJOH HSBTTMBOE NBOBHFNFOU JOUFOTJUZ JO UIF GPSN PG / GFSUJMJ[BUJPO JO %(7.T 0UIFSXJTF SFQPSUFE TQBUJBM QBUUFSOT PG QPUFOUJBM HSBTTMBOE QSPEVDUJWJUZ JO &VSPQF DBOOPU CF SFQSPEVDFE
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/ NBOBHFNFOU OFFET UP CF JNQSPWFE FWFO GVSUIFS UP SFEVDF UIF DPTUT UP FOWJSPONFOUBM TFSWJDFT TVDI BT XBUFS RVBMJUZ BMTP VOEFS 3$1 óô ɨF DBTF TUVEZ JO 4BYPOZ (FSNBOZ IBT TIPXO UIBU USBEFPĊT PG BĊPSFTUBUJPO GPS QMBOU CJPEJWFSTJUZ XFSF JOnVFODFE CZ UIF DPOUFYU PG XIFSF GPSFTU JT HSPXO ɨJT BEET DPNQMFYJUZ UP TQBUJBM QMBOOJOH EFDJTJPOT DPNQBSFE UP EFDJTJPOT UIBU POMZ UBLF BO JODSFBTF JO $ TUPSBHF JOUP BDDPVOU "ĊPSFTUBUJPO TIPVME CF QMBOOFE UBLFO UIF EJĊFSFOU PCKFDUJWFT JOUP BDDPVOU
8IJMF UIFSF BSF CFOFmUT PG TJOHMF NPEFM TUVEJFT BO JNQPSUBOU BUUFNQU PG SFEVDJOH QSFEJDU JWF VODFSUBJOUZ JT VTJOH FOTFNCMFT PG %(7.T KVTU BT %(7.T VTF FOTFNCMFT PG GPS FYBNQMF ($.T BOE DMJNBUF EBUB .PSFPWFS PVS XPSME JT OPX VOQSFDFEFOUFEMZ EBUBSJDI ɨJT JT USVF GPS NBOZ UZQFT PG EBUB TVDI BT QMBOU USBJUT nVYFT CFUXFFO FDPTZTUFNT BOE BUNPTQIFSF BOE SFNPUFMZTFOTFE MBOE QSPQFSUJFT .PEFMT DPVME CF GBS CFUUFS DPOTUSBJOFE JG PCTFSWB UJPOT XFSF VTFE BU BMM TUBHFT PG NPEFM EFWFMPQNFOU BOE JG UIF EJĊFSFOU UZQFT PG PCTFSWBUJPO XFSF DPNCJOFE GPS FYBNQMF CZ JOWFSTF NPEFMJOH JO B #BZFTJBO GSBNFXPSL
ô "DLOPXMFEHNFOUT
'JSTU PG BMM * XPVME MJLF UP FYQSFTT NZ HSBUJUVEF UP NZ NBJO TVQFSWJTPS 7FJLP -FITUFO GPS PG GFSJOH NF UIF PQQPSUVOJUZ PG DPOEVDUJOH NZ 1I% TUVEJFT BOE GPS CFJOH UIFSF XIFO * OFFEFE BEWJDF * BQQSFDJBUF UIBU ZPVS EPPS IBT BMXBZT CFFO PQFO GPS NF * XPVME MJLF UP UIBOL 6MMSJLB 4BIMJO BOE .BUT -JOEFTLPH GPS KVNQJOH JO BT DPTVQFSWJTPST BOE GPS UIF JOTJHIUGVM EJTDVTTJPOT XF IBE 6MMSJLB UIBOLT GPS ZPVS BDUJWF TVQFSWJTJPO GPS BMXBZT TIPXJOH JOUFSFTU JO NZ TUVEJFT BOE GPS TDSJCCMJOH BMM UIFTF FRVBUJPOT BOE DPEF PO TDSBUDI QBQFS :PV BSF BO JOTQJSJOH QFSTPO BOE IBWF CFFO WFSZ NPUJWBUJOH GPS NF * BMTP UIBOL 4BSB #SPHBBSE BOE +PIBO -JOETUSÚN GPS UIF EJTDVTTJPOT BU UIF CFHJOOJOH PG NZ 1I% TUVEJFT *U HPFT XJUIPVU TBZJOH UIBU BMM NZ DPBVUIPST BOE DPMMBCPSBUPST EFTFSWF B CJH UIBOL ZPV BT XFMM *U IBT CFFO HSFBU UP XPSL XJUI ZPV BOE * MFBSOFE B MPU GSPN ZPVS DPOTUSVDUJWF DPNNFOUT
ɨF NPTU IFMQ * IBWF SFDFJWFE XBT QSPCBCMZ GSPN UXP GPSNFS 1I% TUVEFOUT OPX 1I%T ɨBOL ZPV /JLMBT #PLF0MÏO BOE 4UFGBO 0MJO GPS UIF NBOZ EJTDVTTJPO BOE UFDIOJDBM IFMQ &TQFDJBMMZ /JLMBT XJUIPVU ZPV NBOZ QSPCMFNT UIBU DBNF VQ XPVME IBWF UBLFO MPOHFS UP TPMWF BOE UIF UIFTJT XPVME EFmOJUFMZ CF EJĊFSFOU XJUIPVU ZPV :PV IBWF CFDPNF B HPPE GSJFOE EVSJOH UIF ZFBST BOE * BQQSFDJBUF UIF NBOZ DPĊFFT UBCMF UFOOJT UFOOJT BOE QBEFM NBUDIFT BOE UIF CPBSE HBNF CSFBLT XIJDI XF IBE UPHFUIFS )BLJN ZPV IBWF BMTP CFDPNF B HPPE GSJFOE BOE * WBMVF BMM UIF DPĊFFT BOE IBMMXBZ DIBUT XF IBE BOE PG DPVSTF PVS UFSSJmD CJSEJOH USJQT :PV IBWF CFFO B IVHF FOSJDINFOU GPS UIF XIPMF 1I% TUVEFOU DPNNVOJUZ 8BSN UIBOLT UP 'MPSJBO 8JMMF #BMB /PSCFSU .JODIBP :MWB 5PNBT &ITBO $FDJMJB +JOH 'JOO "OB $ISJTUJBO "ESJBO 'BCJFO .JO $PMF 5FUJBOB (FFSU ;IFOEPOH BOE BMM PUIFS QBSUMZ GPSNFS 1I% TUVEFOUT GPS NBLJOH UIF UJNF BU UIF EFQBSUNFOU B WFSZ QMFBTBOU POF * BN USVMZ UIBOLGVM UP 1SPGFTTPS 8PMGHBOH $SBNFS GPS CFFJOH UIF GBDVMUZ PQQPOFOU BOE %S +BTQFS WBO 7MJFU "TTPDJBUF 1SPGFTTPS $FDJMJB "LTFMTTPO 1SPGFTTPS ɨPNBT ,ÊUUFSFS BOE "TTPDJBUF 1SPGFTTPS ,JNCFSMZ /JDIPMBT GPS UBLJOH UIF UJNF UP TFSWF PO NZ HSBEVBUF DPN NJUUFF
*OFWJUBCMZ BO FOPSNPVT UIBOL ZPV UP NZ QBSUOFS 'JOKB GPS CFJOH UIFSF BOE QVTIJOH BOE FODPVSBHJOH NF JO UJNFT PG GSVTUSBUJPOT BOE EPVCUT :PV IBWF CFFO NZ CJHHFTU TVQQPSUFS JO UIJT FOEFBWPS♥ "U UIJT QPJOU * XPVME MJLF UP BMTP NFOUJPO NZ EBVHIUFS &MJOB XIP XBT CPSO JO UIF MBTU UIJSE PG NZ 1I% TUVEJFT &MJOB EFJOF (FCVSU JTU EBT (SPBSUJHTUF XBT NJS XÊISFOE EJFTFS ;FJU JO -VOE QBTTJFSU JTU %JF BDIU .POBUF &MUFSO[FJU NJU EJS XFSEFO VOWFSHFTTMJDI CMFJCFO
'JOBMMZ * BN GPSFWFS HSBUFGVM UP NZ QBSFOUT XIP NBEF UIJT 1I% QPTTJCMF CZ UIFJS FOEMFTT TVQQPSU FTQFDJBMMZ EVSJOH NZ #BDIFMPST BOE .BTUFST :PV BSF UIF SFBTPO XIZ UIJT MJUUMF CPPL IBT CFFO QSJOUFE JO UIF mSTU QMBDF
.Z XPSL XBT DPOEVDUFE XJUIJO UIF QSPKFDU &$ñð$ GVOEFE CZ UIF &3"/FU #JPEJW&3T" XJUI UIF OBUJPOBM GVOEFS '03."4 QBSU PG UIF ñïðð #JPEJW&3T" DBMM GPS SFTFBSDI QSPQPTBMT
õ 3FGFSFODFT
"IMTUSÚN " 4NJUI # -JOETUSÚN + 3VNNVLBJOFO . BOE 6WP $ # ($. DIBSBD UFSJTUJDT FYQMBJO UIF NBKPSJUZ PG VODFSUBJOUZ JO QSPKFDUFE ñðTU DFOUVSZ UFSSFTUSJBM FDPTZTUFN DBSCPO CBMBODF #JPHFPTDJFODFT ðï ðôðöoðôñ÷ ñïðò
#POEFBV " 4NJUI 1 $ ;BFIMF 4 4DIBQIPĊ 4 -VDIU 8 $SBNFS 8 (FSUFO % -PU[F$BNQFO ) .àMMFS $ 3FJDITUFJO . BOE 4NJUI # .PEFMMJOH UIF SPMF PG BHSJDVMUVSF GPS UIF ñïUI DFOUVSZ HMPCBM UFSSFTUSJBM DBSCPO CBMBODF (MPCBM $IBOHF #JPMPHZ ðò õöøoöïõ ñïïö
$BOBEFMM + ( -F 2VÏSÏ $ 3BVQBDI . 3 'JFME $ # #VJUFOIVJT & 5 $JBJT 1 $POXBZ 5 + (JMMFUU / 1 )PVHIUPO 3 " BOE .BSMBOE ( $POUSJCVUJPOT UP BDDFMFSBUJOH BUNPTQIFSJD $0ñ HSPXUI GSPN FDPOPNJD BDUJWJUZ DBSCPO JOUFOTJUZ BOE FG mDJFODZ PG OBUVSBM TJOLT 1SPDFFEJOHT PG UIF /BUJPOBM "DBEFNZ PG 4DJFODFT PG UIF 6OJUFE 4UBUFT PG "NFSJDB ðïó ð÷ ÷õõoð÷ ÷öï ñïïö
$BZB % BOE -BQSJTF 3 " TFNJJNQMJDJU TFNJ-BHSBOHJBO SFHJPOBM DMJNBUF NPEFM ɨF $BOBEJBO 3$. .POUIMZ 8FBUIFS 3FWJFX QQ òóðoòõñ ðøøø
$IBOH + 7JPWZ / 7VJDIBSE / $JBJT 1 $BNQJPMJ . ,MVNQQ , .BSUJO 3 -FJQ " BOE 4PVTTBOB +' .PEFMFE $IBOHFT JO 1PUFOUJBM (SBTTMBOE 1SPEVDUJWJUZ BOE JO (SBTT'FE 3VNJOBOU -JWFTUPDL %FOTJUZ JO &VSPQF PWFS ðøõðoñïðï 1MPT 0OF ðï Fïðñö ôôó ñïðô
$IBQJO ' 4 .BUTPO 1 " BOE 7JUPVTFL 1 . 1SJODJQMFT PG 5FSSFTUSJBM &DPTZTUFN &DPMPHZ QQ ñôøoñøõ 4QSJOHFS /FX :PSL /FX :PSL /: ñïðð
$JBJT 1 4BCJOF $ #BMB ( #PQQ - #SPWLJO 7 $BOBEFMM + $IIBCSB " %F'SJFT 3 (BMMPXBZ + )FJNBOO . +POFT $ -F 2VÏSÏ $ .ZOFOJ 3 1JBP 4 BOE ɨPSOUPO 1 $BSCPO BOE 0UIFS #JPHFPDIFNJDBM $ZDMFT CPPL TFDUJPO õ QQ óõôoôöï $BNCSJEHF 6OJWFSTJUZ 1SFTT $BNCSJEHF 6OJUFE ,JOHEPN BOE /FX :PSL /: 64" ñïðò
$MFWFMBOE $ $ 5PXOTFOE " 3 4DIJNFM % 4 'JTIFS ) )PXBSUI 3 8 )FEJO - 0 1FSBLJT 4 4 -BUUZ & ' 7PO 'JTDIFS + $ &MTFSPBE " BOE 8BTTPO . ' (MPCBM QBUUFSOT PG UFSSFTUSJBM CJPMPHJDBM OJUSPHFO /ñ mYBUJPO JO OBUVSBM FDPTZTUFNT (MPCBM #JPHFPDIFNJDBM $ZDMFT ðò õñòoõóô ðøøø
$SBNFS 8 #POEFBV " 8PPEXBSE ' * 1SFOUJDF * $ #FUUT 3 " #SPWLJO 7 $PY 1 . 'JTIFS 7 'PMFZ + " 'SJFOE " % ,VDIBSJL $ -PNBT . 3 3BNBOLVUUZ / 4JUDI 4 4NJUI # 8IJUF " BOE :PVOH.PMMJOH $ (MPCBM SFTQPOTF PG UFSSFTUSJBM FDPTZTUFN TUSVDUVSF BOE GVODUJPO UP $0ñ BOE DMJNBUF DIBOHF SFTVMUT GSPN TJY EZOBNJD HMPCBM WFHFUBUJPO NPEFMT (MPCBM $IBOHF #JPMPHZ ö òôöoòöò ñïïð
&MMJT & $ BOE 3BNBOLVUUZ / 1VUUJOH QFPQMF JO UIF NBQ BOUISPQPHFOJD CJPNFT PG UIF XPSME 'SPOUJFST JO &DPMPHZ BOE UIF &OWJSPONFOU õ óòøoóóö ñïï÷
&SC ,) )PX B TPDJPFDPMPHJDBM NFUBCPMJTN BQQSPBDI DBO IFMQ UP BEWBODF PVS VOEFS TUBOEJOH PG DIBOHFT JO MBOEVTF JOUFOTJUZ &DPMPHJDBM &DPOPNJDT öõ ÷ o ðó ñïðñ &SC ,) )BCFSM ) +FQTFO . 3 ,VFNNFSMF 5 -JOEOFS . .àMMFS % 7FSCVSH
1 ) BOE 3FFOCFSH " " DPODFQUVBM GSBNFXPSL GPS BOBMZTJOH BOE NFBTVSJOH MBOEVTF JOUFOTJUZ $VSSFOU PQJOJPO JO FOWJSPONFOUBM TVTUBJOBCJMJUZ ô óõóoóöï ñïðò
&TUFM 4 ,VFNNFSMF 5 -FWFST $ #BVNBOO . BOE )PTUFSU 1 .BQQJOH DSPQMBOE VTF JOUFOTJUZ BDSPTT &VSPQF VTJOH .0%*4 /%7* UJNF TFSJFT &OWJSPONFOUBM 3FTFBSDI -FUUFST ðð ïñó ïðô ñïðõ
'PMFZ + BOE 1SFOUJDF * "O JOUFHSBUFE CJPTQIFSF NPEFM PG MBOE TVSGBDF QSPDFTTFT UFSSFTUSJBM DBSCPO CBMBODF BOE WFHFUBUJPO EZOBNJDT (MPCBM #JPHFPDIFNJDBM $ZDMFT ðï õïòoõñ÷ ðøøõ
'SJU[ 4 4FF - .D$BMMVN * :PV - #VO " .PMUDIBOPWB & %VFSBVFS . "M CSFDIU ' 4DIJMM $ 1FSHFS $ )BWMJL 1 .PTOJFS " ɨPSOUPO 1 8PPE4JDISB 6 )FSSFSP . #FDLFS3FTIFG * +VTUJDF $ )BOTFO . (POH 1 "CEFM "[J[ 4 $JQSJBOJ " $VNBOJ 3 $FDDIJ ( $PODIFEEB ( 'FSSFJSB 4 (PNF[ " )BĊBOJ . ,BZJUBLJSF ' .BMBOEJOH + .VFMMFS 3 /FXCZ 5 /POHVJFSNB " 0MVTFHVO " 0SUOFS 4 3BKBL % 3 3PDIB + 4DIFQBTDIFOLP % 4DIFQBTDIFOLP . 5FSFL IPW " 5JBOHXB " 7BODVUTFN $ 7JOUSPV & 8FOCJO 8 WBO EFS 7FMEF . %VOXPPEZ " ,SBYOFS ' BOE 0CFSTUFJOFS . .BQQJOH HMPCBM DSPQMBOE BOE mFME TJ[F (MPCBM $IBOHF #JPMPHZ ñð ðø÷ïoðøøñ ñïðô
(BMMPXBZ + %FOUFOFS ' $BQPOF % #PZFS & )PXBSUI 3 4FJU[JOHFS 4 "TOFS ( $MFWFMBOE $ (SFFO 1 )PMMBOE & ,BSM % .JDIBFMT " 1PSUFS + 5PXOTFOE " BOE 7ÚSÚTNBSUZ $ /JUSPHFO DZDMFT 1BTU QSFTFOU BOE GVUVSF WPM öï ñïïó
(BNGFMEU - 4OÊMM 5 #BHDIJ 3 +POTTPO . (VTUBGTTPO - ,KFMMBOEFS 1 3VJ[ +BFO . $ 'SÚCFSH . 4UFOEBIM + 1IJMJQTPO $ % .JLVTJOTLJ ( "OEFSTTPO & 8FTUFSMVOE # "OESÏO ) .PCFSH ' .PFO + BOE #FOHUTTPO + )JHIFS MFWFMT PG NVMUJQMF FDPTZTUFN TFSWJDFT BSF GPVOE JO GPSFTUT XJUI NPSF USFF TQFDJFT /BUVSF DPNNV OJDBUJPOT ó ðòóï ñïðò
(JPSHJ ' +POFT $ BOE "TSBS ( 3 "EESFTTJOH DMJNBUF JOGPSNBUJPO OFFET BU UIF SFHJPOBM MFWFM UIF $03%&9 GSBNFXPSL #VMMFUJO 8PSME .FUFPSPMPHJDBM 0SHBOJ[BUJPO ô÷ ðöôo ð÷ò ñïïø
)BYFMUJOF " BOE 1SFOUJDF * $ " (FOFSBM .PEFM GPS UIF -JHIU6TF &ċDJFODZ PG 1SJNBSZ 1SPEVDUJPO 'VODUJPOBM &DPMPHZ ðï ôôðoôõð ðøøõ
)JDLMFS 5 7PIMBOE , 'FFIBO + .JMMFS 1 " 4NJUI # $PTUB - (JFTFDLF 5 'SPO[FL 4 $BSUFS 5 3 $SBNFS 8 ,VFIO * BOE 4ZLFT . 5 1SPKFDUJOH UIF GV UVSF EJTUSJCVUJPO PG &VSPQFBO QPUFOUJBM OBUVSBM WFHFUBUJPO [POFT XJUI B HFOFSBMJ[FE USFF TQFDJFTCBTFE EZOBNJD WFHFUBUJPO NPEFM (MPCBM &DPMPHZ BOE #JPHFPHSBQIZ ñð ôïoõò ñïðñ
+BOEM 3 -JOEOFS . 7FTUFSEBM - #BVXFOT # #BSJU[ 3 )BHFEPSO ' +PIOTPO % 8 .JOLLJOFO , BOE #ZSOF , " )PX TUSPOHMZ DBO GPSFTU NBOBHFNFOU JOnVFODF TPJM DBSCPO TFRVFTUSBUJPO (FPEFSNB ðòö ñôò o ñõ÷ ñïïö
,BQMBO + 0 $MJNBUF DIBOHF BOE "SDUJD FDPTZTUFNT ñ .PEFMJOH QBMFPEBUBNPEFM DPN QBSJTPOT BOE GVUVSF QSPKFDUJPOT +PVSOBM PG (FPQIZTJDBM 3FTFBSDI ðï÷ ÷ðöð ñïïò ,FFOBO 5 1SFOUJDF * $ $BOBEFMM + ( 8JMMJBNT $ 8BOH ) 3BVQBDI . 3 BOE
$PMMBU[ ( + 3FDFOU QBVTF JO UIF HSPXUI SBUF PG BUNPTQIFSJD $0ñ EVF UP FOIBODFE UFSSFTUSJBM DBSCPO VQUBLF /BUVSF $PNNVOJDBUJPOT ö ðoø ñïðõ
,VDIBSJL $ BOE #SZF , 1MBOU BOE &OWJSPONFOU *OUFSBDUJPOT +PVSOBM PG &OWJSPONFOUBM 2VBMJUZ QQ ñóöoñõ÷ ñïïò
-BNBSRVF +' #POE 5 $ &ZSJOH 7 (SBOJFS $ )FJM " ,MJNPOU ; -FF % -J PVTTF $ .JFWJMMF " 0XFO # 4DIVMU[ . ( 4IJOEFMM % 4NJUI 4 + 4UFIGFTU & 7BO "BSEFOOF + $PPQFS 0 3 ,BJOVNB . .BIPXBME / .D$POOFMM + 3 /BJL 7 3JBIJ , BOE WBO 7VVSFO % 1 )JTUPSJDBM ð÷ôïoñïïï HSJEEFE BOUISPQP HFOJD BOE CJPNBTT CVSOJOH FNJTTJPOT PG SFBDUJWF HBTFT BOE BFSPTPMT NFUIPEPMPHZ BOE BQQMJDBUJPO "UNPTQIFSJD $IFNJTUSZ BOE 1IZTJDT ðï öïðöoöïòø ñïðï
-BNBSRVF +' ,ZMF ( 1 .FJOTIBVTFO . 3JBIJ , 4NJUI 4 + 7VVSFO % 1 $POMFZ " + BOE 7JUU ' (MPCBM BOE SFHJPOBM FWPMVUJPO PG TIPSUMJWFE SBEJBUJWFMZBDUJWF HBTFT BOE BFSPTPMT JO UIF 3FQSFTFOUBUJWF $PODFOUSBUJPO 1BUIXBZT $MJNBUJD $IBOHF ðïø ðøðoñðñ ñïðð
-FWFST $ 7FSLFSL 1 + .àMMFS % 7FSCVSH 1 ) #VUTJD 7 -FJUÍP 1 + -JOEOFS . BOE ,VFNNFSMF 5 %SJWFST PG GPSFTU IBSWFTUJOH JOUFOTJUZ QBUUFSOT JO &VSPQF 'PSFTU &DPMPHZ BOE .BOBHFNFOU òðô ðõïoðöñ ñïðó
-FWFST $ #VUTJD 7 7FSCVSH 1 ) .àMMFS % BOE ,VFNNFSMF 5 %SJWFST PG DIBOHFT JO BHSJDVMUVSBM JOUFOTJUZ JO &VSPQF -BOE 6TF 1PMJDZ ô÷ ò÷ïoòøò ñïðõ
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.BSBVO % 8FUUFSIBMM ' $IBOEMFS 3 & ,FOEPO & + 8JENBOO . #SJFOFO 4 3VTU ) 8 4BVUFS 5 ɨFNFM . 7FOFNB 7 , $ $IVO , 1 (PPEFTT $ .
+POFT 3 ( 0OPG $ 7SBD . BOE ɨJFMF&JDI * 1SFDJQJUBUJPO EPXOTDBMJOH VOEFS DMJNBUF DIBOHF 3FDFOU EFWFMPQFNFOUT UP CSJEHF UIF HBQ CFUXFFO EZOBNJDBM NPEFMT BOE UIF FOE VTFS 3FWJFXT PG (FPQIZTJDT ó÷ ðoò÷ ñïðï
.FBSOT - 0 (JPSHJ ' .D%BOJFM - BOE 4IJFMET $ $MJNBUF TDFOBSJPT GPS UIF TPVUI FBTUFSO 64 CBTFE PO ($. BOE SFHJPOBM NPEFM TJNVMBUJPOT $MJNBUJD $IBOHF õï öoòô ñïïò
.POGSFEB $ 3BNBOLVUUZ / BOE 'PMFZ + " 'BSNJOH UIF QMBOFU ñ (FPHSBQIJD EJT USJCVUJPO PG DSPQ BSFBT ZJFMET QIZTJPMPHJDBM UZQFT BOE OFU QSJNBSZ QSPEVDUJPO JO UIF ZFBS ñïïï (MPCBM #JPHFPDIFNJDBM $ZDMFT ññ ñïï÷
.PSBMFT 1 4ZLFT . 5 1SFOUJDF * $ 4NJUI 1 4NJUI # #VHNBOO ) ;JFSM # 'SJFEMJOHTUFJO 1 7JPWZ / 4BCBUF 4 4BODIF[ " 1MB & (SBDJB $ " 4JUDI 4 "SOFUI " BOE 0HFF + $PNQBSJOH BOE FWBMVBUJOH QSPDFTTCBTFE FDPTZTUFN NPEFM QSFEJDUJPOT PG DBSCPO BOE XBUFS nVYFT JO NBKPS &VSPQFBO GPSFTU CJPNFT (MPCBM $IBOHF #JPMPHZ ðð ññððoññòò ñïïô
.VFMMFS / % (FSCFS + 4 +PIOTUPO . 3BZ % , 3BNBOLVUUZ / BOE 'PMFZ + " $MPTJOH ZJFME HBQT UISPVHI OVUSJFOU BOE XBUFS NBOBHFNFOU /BUVSF óøï ñôóoñôö ñïðñ /BCVVST (+ -JOEOFS . 7FSLFSL 1 + (VOJB , %FEB 1 .JDIBMBL 3 BOE (SBTTJ ( 'JSTU TJHOT PG DBSCPO TJOL TBUVSBUJPO JO &VSPQFBO GPSFTU CJPNBTT /BUVSF $MJNBUF $IBOHF ò öøñoöøõ ñïðò
/FVNBOO , 7FSCVSH 1 ) 4UFIGFTU & BOE .àMMFS $ ɨF ZJFME HBQ PG HMPCBM HSBJO QSPEVDUJPO " TQBUJBM BOBMZTJT "HSJDVMUVSBM 4ZTUFNT ðïò òðõ o òñõ ñïðï
0MJO 4 -JOEFTLPH . 1VHI 5 " . 4DIVSHFST ( 8ÌSMJOE % .JTIVSPW . ;BFIMF 4 4UPDLFS # % 4NJUI # BOE "SOFUI " 4PJM DBSCPO NBOBHFNFOU JO MBSHF TDBMF &BSUI TZTUFN NPEFMMJOH JNQMJDBUJPOT GPS DSPQ ZJFMET BOE OJUSPHFO MFBDIJOH &BSUI 4ZTUFN %ZOBNJDT õ öóôoöõ÷ ñïðôB
0MJO 4 4DIVSHFST ( -JOEFTLPH . 8ÌSMJOE % 4NJUI # #PEJO 1 )PMNÏS + BOE "SOFUI " .PEFMMJOH UIF SFTQPOTF PG ZJFMET BOE UJTTVF $ / UP DIBOHFT JO BUNPTQIFSJD $0BOE / NBOBHFNFOU JO UIF NBJO XIFBU SFHJPOT PG XFTUFSO &VSPQF #JPHFPTDJFODFT ðñ ñó÷øoñôðô ñïðôC
1BJMMFU : #FSHÒT - )KÊMUÏO + 0EPS 1 "WPO $ #FSOIBSEU3ÚNFSNBOO . #JKMTNB 3+ %F #SVZO - 'VIS . (SBOEJO 6 ,BOLB 3 -VOEJO - -VRVF 4 .BHVSB 5 .BUFTBO[ 4 .ÏT[ÈSPT * 4FCBTUJË .5 4DINJEU 8 4UBOEPWÈS 5 5ØUINÏSÏT[ # 6PUJMB " 7BMMBEBSFT ' 7FMMBL , BOE 7JSUBOFO 3 #JPEJWFSTJUZ EJĊFSFODFT CFUXFFO NBOBHFE BOE VONBOBHFE GPSFTUT NFUBBOBMZTJT PG TQFDJFT SJDIOFTT JO &VSPQF $POTFSWBUJPO CJPMPHZ UIF KPVSOBM PG UIF 4PDJFUZ GPS $POTFSWBUJPO #JPMPHZ ñó ðïðoðñ ñïðï
1BSUPO 8 + 4DVSMPDL + . 0 0KJNB % 4 (JMNBOPW 5 ( 4DIPMFT 3 + 4DIJNFM % 4 ,JSDIOFS 5 .FOBVU +$ 4FBTUFEU 5 (BSDJB .PZB & ,BNOBMSVU " BOE ,JOZBNBSJP + * 0CTFSWBUJPOT BOE NPEFMJOH PG CJPNBTT BOE TPJM PSHBOJD NBUUFS EZ OBNJDT GPS UIF HSBTTMBOE CJPNF XPSMEXJEF (MPCBM #JPHFPDIFNJDBM $ZDMFT ö ö÷ôo÷ïø ðøøò
1BSUPO 8 + )BOTPO 1 + 4XBOTUPO $ 5PSO . 5SVNCPSF 4 & 3JMFZ 8 BOE ,FMMZ 3 'PS$FOU NPEFM EFWFMPQNFOU BOE UFTUJOH VTJOH UIF &OSJDIFE #BDLHSPVOE *TPUPQF 4UVEZ FYQFSJNFOU +PVSOBM PG (FPQIZTJDBM 3FTFBSDI #JPHFPTDJFODFT ððô ñïðï
1FOOJOH EF 7SJFT ' 8 5 +BOTFO % . UFO #FSHF ) ' . BOE #BLFNB " 4JNVMBUJPO PG FDPQIZTJPMPHJDBM QSPDFTTFT PG HSPXUI JO TFWFSBM BOOVBM DSPQT $FOUSF GPS "HSJDVMUVSBM 1VCMJTIJOH BOE %PDVNFOUBUJPO 16%0$ 8BHFOJOHFO /FUIFSMBOET ðø÷ø
1PUBQPW 1 :BSPTIFOLP " 5VSVCBOPWB 4 %VCJOJO . -BFTUBEJVT - ɨJFT $ "L TFOPW % &HPSPW " :FTJQPWB : (MVTILPW * ,BSQBDIFWTLJZ . ,PTUJLPWB " .BOJTIB " 5TZCJLPWB & BOE ;IVSBWMFWB * .BQQJOH UIF XPSMET JOUBDU GPSFTU MBOE TDBQFT CZ SFNPUF TFOTJOH &DPMPHZ BOE 4PDJFUZ ðò ñïï÷
3BNBOLVUUZ / &WBO " 5 .POGSFEB $ BOE 'PMFZ + " 'BSNJOH UIF QMBOFU ð (FP HSBQIJD EJTUSJCVUJPO PG HMPCBM BHSJDVMUVSBM MBOET JO UIF ZFBS ñïïï (MPCBM #JPHFPDIFNJDBM $ZDMFT ññ ñïï÷
3PCJOTPO 5 1 8JOU ( 3 8 $PODIFEEB ( 7BO #PFDLFM 5 1 &SDPMJ 7 1BMB NBSB & $JOBSEJ ( %"JFUUJ - )BZ 4 * BOE (JMCFSU . .BQQJOH UIF (MPCBM %JTUSJCVUJPO PG -JWFTUPDL 1-04 0/& ø ðoðò ñïðó
4JFCFSU 4 1PSUNBOO ' 5 BOE %ÚMM 1 (MPCBM 1BUUFSOT PG $SPQMBOE 6TF *OUFOTJUZ 3FNPUF 4FOTJOH ñ ðõñô ñïðï
4JUDI 4 4NJUI # 1SFOUJDF * $ "SOFUI " #POEFBV " $SBNFS 8 ,BQMBO + 0 -FWJT 4 -VDIU 8 4ZLFT . 5 ɨPOJDLF , BOE 7FOFWTLZ 4 &WBMVBUJPO PG FDPTZT UFN EZOBNJDT QMBOU HFPHSBQIZ BOE UFSSFTUSJBM DBSCPO DZDMJOH JO UIF -1+ EZOBNJD HMPCBM WFHFUBUJPO NPEFM (MPCBM $IBOHF #JPMPHZ ø ðõðoð÷ô ñïïò
4JUDI 4 'SJFEMJOHTUFJO 1 (SVCFS / +POFT 4 % .VSSBZ5PSUBSPMP ( "IMTUSÚN " %POFZ 4 $ (SBWFO ) )FJO[F $ )VOUJOHGPSE $ -FWJT 4 -FWZ 1 & -PNBT . 1PVMUFS # 7JPWZ / ;BFIMF 4 ;FOH / "SOFUI " #POBO ( #PQQ - $BOBEFMM + ( $IFWBMMJFS ' $JBJT 1 &MMJT 3 (MPPS . 1FZMJO 1 1JBP 4 - -F 2VÏSÏ $ 4NJUI # ;IV ; BOE .ZOFOJ 3 3FDFOU USFOET BOE ESJWFST PG SFHJPOBM TPVSDFT BOE TJOLT PG DBSCPO EJPYJEF #JPHFPTDJFODFT ðñ õôòoõöø ñïðô
4NJU ) .FU[HFS . BOE &XFSU ' 4QBUJBM EJTUSJCVUJPO PG HSBTTMBOE QSPEVDUJWJUZ BOE MBOE VTF JO &VSPQF "HSJDVMUVSBM 4ZTUFNT ø÷ ñï÷oñðø ñïï÷
4NJUI # 1SFOUJDF * $ BOE 4ZLFT . 5 3FQSFTFOUBUJPO PG WFHFUBUJPO EZOBNJDT JO UIF NPEFMMJOH PG UFSSFTUSJBM FDPTZTUFNT DPNQBSJOH UXP DPOUSBTUJOH BQQSPBDIFT XJUIJO &VSPQFBO DMJNBUF TQBDF (MPCBM &DPMPHZ BOE #JPHFPHSBQIZ ðï õñðoõòö ñïïð
4NJUI # 8ÌSMJOE % "SOFUI " )JDLMFS 5 -FBEMFZ 1 4JMUCFSH + BOE ;BFIMF 4 *NQMJDBUJPOT PG JODPSQPSBUJOH / DZDMJOH BOE / MJNJUBUJPOT PO QSJNBSZ QSPEVDUJPO JO BO JOEJWJEVBMCBTFE EZOBNJD WFHFUBUJPO NPEFM #JPHFPTDJFODFT ðð ñïñöoñïôó ñïðó 4UFĊFO 8 1FSTTPO ¯ %FVUTDI - ;BMBTJFXJD[ + 8JMMJBNT . 3JDIBSETPO , $SVN
MFZ $ $SVU[FO 1 'PMLF $ (PSEPO - .PMJOB . 3BNBOBUIBO 7 3PDLTUSÚN + 4DIFĊFS . 4DIFMMOIVCFS ) + BOE 4WFEJO 6 ɨF BOUISPQPDFOF 'SPN HMPCBM DIBOHF UP QMBOFUBSZ TUFXBSETIJQ "NCJP óï öòøoöõð ñïðð
4UPDLNBOO 6 "EBNT . " $SBXGPSE + 8 'JFME % + )FOBLBBSDIDIJ / +FOLJOT . .JOBTOZ # .D#SBUOFZ " # EF $PVSDFMMFT 7 E 3 4JOHI , 8IFFMFS * "CCPUU - "OHFST % " #BMEPDL + #JSE . #SPPLFT 1 $ $IFOV $ +BTUSPX + % -BM 3 -FINBOO + 0%POOFMM " ( 1BSUPO 8 + 8IJUFIFBE % BOE ;J NNFSNBOO . ɨF LOPXOT LOPXO VOLOPXOT BOE VOLOPXOT PG TFRVFTUSBUJPO PG TPJM PSHBOJD DBSCPO "HSJDVMUVSF &DPTZTUFNT BOE &OWJSPONFOU ðõó ÷ïoøø ñïðò
4UàSDL + -FWFST $ WBO EFS ;BOEFO & ) 4DIVMQ $ + & 7FSLFSL 1 + ,VFNNFSMF 5 )FMNJOH + -PU[F$BNQFO ) 5BCFBV " 1PQQ " 4DISBNNFJKFS & BOE 7FSCVSH 1 4JNVMBUJOH BOE EFMJOFBUJOH GVUVSF MBOE DIBOHF USBKFDUPSJFT BDSPTT &VSPQF 3FHJPOBM &OWJSPONFOUBM $IBOHF QQ ðoðö ñïðô
5BSOPDBJ $ $BOBEFMM + ( 4DIVVS & " ( ,VISZ 1 .B[IJUPWB ( BOE ;JNPW 4 4PJM PSHBOJD DBSCPO QPPMT JO UIF OPSUIFSO DJSDVNQPMBS QFSNBGSPTU SFHJPO (MPCBM #JPHFPDIFNJDBM $ZDMFT ñò ñïïø
5BZMPS , & 4UPVĊFS 3 + BOE .FFIM ( " "O PWFSWJFX PG $.*1ô BOE UIF FYQFSJNFOU EFTJHO #VMMFUJO PG UIF "NFSJDBO .FUFPSPMPHJDBM 4PDJFUZ øò ó÷ôoóø÷ ñïðñ
5FNNF " BOE 7FSCVSH 1 .BQQJOH BOE NPEFMMJOH PG DIBOHFT JO BHSJDVMUVSBM JOUFOTJUZ JO &VSPQF "HSJDVMUVSF &DPTZTUFNT &OWJSPONFOU ðóï óõ o ôõ ñïðð
5PXOTFOE " 3 #SBTXFMM # ) )PMMBOE & " BOE 1FOOFS + & 4QBUJBM BOE 5FN QPSBM 1BUUFSOT JO 5FSSFTUSJBM $BSCPO 4UPSBHF %VF UP %FQPTJUJPO PG 'PTTJM 'VFM /JUSPHFO &DPMPHJDBM "QQMJDBUJPOT õ ÷ïõo÷ðó ðøøõ
WBO "TTFMFO 4 BOE 7FSCVSH 1 ) " -BOE 4ZTUFN SFQSFTFOUBUJPO GPS HMPCBM BTTFTTNFOUT BOE MBOEVTF NPEFMJOH (MPCBM $IBOHF #JPMPHZ ð÷ òðñôoòðó÷ ñïðñ
WBO 7MJFU + .BHMJPDDB / 3 #àDIOFS # $PPL & 3FZ #FOBZBT + . &MMJT & $ )FJOJNBOO " ,FZT & -FF 5 . -JV + .FSU[ 0 .FZGSPJEU 1 .PSJU[ .
1PFQMBV $ 3PCJOTPO # & 4FQQFMU 3 4FUP , $ BOE 7FSCVSH 1 ) .FUBTUVEJFT JO MBOE VTF TDJFODF $VSSFOU DPWFSBHF BOE QSPTQFDUT "NCJP óô ðôoñ÷ ñïðõ
WBO 7VVSFO % 1 &ENPOET + ,BJOVNB . 3JBIJ , ɨPNTPO " )JCCBSE , )VSUU ( $ ,SBN 5 ,SFZ 7 -BNBSRVF + ' .BTVJ 5 .FJOTIBVTFO . /BLJ DFOPWJD / 4NJUI 4 + BOE 3PTF 4 , ɨF SFQSFTFOUBUJWF DPODFOUSBUJPO QBUIXBZT "O PWFSWJFX $MJNBUJD $IBOHF ðïø ôoòð ñïðð
7JMÏO 5 (VOJB , 7FSLFSL 1 4FJEM 3 4DIFMIBBT .+ -JOEOFS . BOE #FMMBTTFO 7 3FDPOTUSVDUFE GPSFTU BHF TUSVDUVSF JO &VSPQF ðøôï ñïðï 'PSFTU &DPMPHZ BOE .BO BHFNFOU ñ÷õ ñïò o ñð÷ ñïðñ
7JODF ( "O &QPDI %FCBUF 4DJFODF òòó òñoòö ñïðð
8BIB , WBO #VTTFM - ( + .àMMFS $ BOE #POEFBV " $MJNBUFESJWFO TJNVMBUJPO PG HMPCBM DSPQ TPXJOH EBUFT (MPCBM &DPMPHZ BOE #JPHFPHSBQIZ ñð ñóöoñôø ñïðñ
8BOH & BOE &OHFM 5 4JNVMBUJPO PG QIFOPMPHJDBM EFWFMPQNFOU PG XIFBU DSPQT "HSJDVM UVSBM 4ZTUFNT ô÷ ð o ñó ðøø÷
8ÌSMJOE % 4NJUI # )JDLMFS 5 BOE "SOFUI " /JUSPHFO GFFECBDLT JODSFBTF GVUVSF UFSSFTUSJBM FDPTZTUFN DBSCPO VQUBLF JO BO JOEJWJEVBMCBTFE EZOBNJD WFHFUBUJPO NPEFM #JPHFPTDJFODFT ðð õðòðoõðóõ ñïðó
8JMCZ 3 - 5SPOJ + #JPU : 5FEE - )FXJUTPO # $ 4NJUI % . BOE 4VUUPO 3 5 " SFWJFX PG DMJNBUF SJTL JOGPSNBUJPO GPS BEBQUBUJPO BOE EFWFMPQNFOU QMBOOJOH *OUFSOBUJPOBM +PVSOBM PG $MJNBUPMPHZ ñø ððøòoðñðô ñïïø