%" 6TFS .
Please Read Before Proceeding THE BATTERY IS NOT CHARGED WHEN YOU TAKE IT OUT OF THE BOX. DO NOT REMOVE THE BATTERY PACK WHEN THE DEVICE IS CHARGING. YOUR WARRANTY IS INVALIDATED IF YOU OPEN OR TAMPER WITH THE DEVICE’S OUTER CASING. PRIVACY RESTRICTIONS Some countries require full disclosure of recorded telephone conversations, and stipulate that you must inform the person with whom you are speaking that the conversation is being recorded.
%JTDMBJNFST 5)& 8&"5)&3 */'03."5*0/ %"5" "/% %0$6.&/5"5*0/ "3& 1307*%&% i"4 *4w "/% 8*5)065 8"33"/5: 03 5&$)/*$"- 4611035 0' "/: ,*/% '30. )5$ 50 5)& ."9*.6. &95&/5 1&3.
4"'&5: 13&$"65*0/4 '03 108&3 4611-: 6/*5 r 6TF UIF DPSSFDU FYUFSOBM QPXFS TPVSDF " QSPEVDU TIPVME CF PQFSBUFE POMZ GSPN UIF UZQF PG QPXFS TPVSDF JOEJDBUFE PO UIF FMFDUSJDBM SBUJOHT MBCFM *G ZPV BSF OPU TVSF PG UIF UZQF PG QPXFS TPVSDF SFRVJSFE DPOTVMU ZPVS BVUIPSJ[FE TFSWJDF QSPWJEFS PS MPDBM QPXFS DPNQBOZ 'PS B QSPEVDU UIBU PQFSBUFT GSPN CBUUFSZ QPXFS PS PUIFS TPVSDFT SFGFS UP UIF PQFSBUJOH JOTUSVDUJPOT UIBU BSF JODMVEFE XJUI UIF QSPEVDU r )BOEMF CBUUFSZ QBDLT DBSFGVMMZ 5IJT QSPEVDU DPOUBJ
4"'&5: */ "*3$3"'5 %VF UP UIF QPTTJCMF JOUFSGFSFODF DBVTFE CZ UIJT QSPEVDU UP BO BJSDSBGU T OBWJHBUJPO TZTUFN BOE JUT DPNNVOJDBUJPOT OFUXPSL VTJOH UIJT EFWJDF T QIPOF GVODUJPO PO CPBSE BO BJSQMBOF JT BHBJOTU UIF MBX JO NPTU DPVOUSJFT *G ZPV XBOU UP VTF UIJT EFWJDF XIFO PO CPBSE BO BJSDSBGU SFNFNCFS UP UVSO PGG UIF QIPOF CZ TXJUDIJOH UP 'MJHIU .PEF &/7*30/.
/0/*0/*;*/( 3"%*"5*0/ :PVS EFWJDF IBT BO JOUFSOBM BOUFOOB 5IJT QSPEVDU TIPVME CF PQFSBUFE JO JUT OPSNBM VTF QPTJUJPO UP FOTVSF UIF SBEJBUJWF QFSGPSNBODF BOE TBGFUZ PG UIF JOUFSGFSFODF "T XJUI PUIFS NPCJMF SBEJP USBOTNJUUJOH FRVJQNFOU VTFST BSF BEWJTFE UIBU GPS TBUJTGBDUPSZ PQFSBUJPO PG UIF FRVJQNFOU BOE GPS UIF TBGFUZ PG QFSTPOOFM JU JT SFDPNNFOEFE UIBU OP QBSU PG UIF IVNBO CPEZ CF BMMPXFE UP DPNF UPP DMPTF UP UIF BOUFOOB EVSJOH PQFSBUJPO PG UIF FRVJQNFOU 6TF POMZ UIF TVQQMJFE JOUFHSBM BOUFOOB
r "WPJE QVTIJOH PCKFDUT JOUP QSPEVDU /FWFS QVTI PCKFDUT PG BOZ LJOE JOUP DBCJOFU TMPUT PS PUIFS PQFOJOHT JO UIF QSPEVDU 4MPUT BOE PQFOJOHT BSF QSPWJEFE GPS WFOUJMBUJPO 5IFTF PQFOJOHT NVTU OPU CF CMPDLFE PS DPWFSFE r .
$POUFOUT $IBQUFS (FUUJOH 4UBSUFE (FUUJOH UP ,OPX :PVS %FWJDF BOE "DDFTTPSJFT 5IF #BUUFSZ BOE UIF 4UPSBHF $BSE 4UBSUJOH 6Q 5IF 5PEBZ 4DSFFO 5PVDI'-0
4ZODISPOJ[JOH 8JUI :PVS $PNQVUFS 4ZODISPOJ[JOH WJB #MVFUPPUI 4ZODISPOJ[JOH .
#MVFUPPUI 6TJOH :PVS %FWJDF "T B .PEFN *OUFSOFU 4IBSJOH $IBQUFS &YQFSJFODJOH .
$IBQUFS (FUUJOH 4UBSUFE (FUUJOH UP ,OPX :PVS %FWJDF BOE "DDFTTPSJFT 5IF #BUUFSZ BOE UIF 4UPSBHF $BSE 4UBSUJOH 6Q 5IF 5PEBZ 4DSFFO 5PVDI'-0 1SPHSBNT 4FUUJOHT
(FUUJOH 4UBSUFE (FUUJOH UP ,OPX :PVS %FWJDF BOE "DDFTTPSJFT 'SPOU QBOFM /PUJGJDBUJPO -&%T -FGU -&% 4IPXT (SFFO BOE "NCFS MJHIUT GPS $%.
(FUUJOH 4UBSUFE 5PQ QBOFM 108&3 1SFTT UP UVSO PGG UIF EJTQMBZ UFNQPSBSJMZ 5P UVSO PGG UIF QPXFS QSFTT BOE IPME GPS BCPVU TFDPOET 'PS NPSF JOGPSNBUJPO TFF i4UBSUJOH 6Qw JO UIJT DIBQUFS 3JHIU QBOFM -FGU QBOFM 4UZMVT 7PMVNF 4MJEFS r 4MJEF VQ PS EPXO UP BEKVTU UIF TQFBLFS WPMVNF r %VSJOH B DBMM TMJEF VQ PS EPXO UP BEKVTU UIF FBSQJFDF WPMVNF 4UPSBHF $BSE 4MPU $PWFS 3FNPWF UIF CBDL DPWFS BOE UIFO QSZ PQFO UIF TMPU DPWFS UP JOTUBMM UIF NJDSP4% DBSE OPU JODMVEFE GPS TUPSJO
(FUUJOH 4UBSUFE "DDFTTPSJFT /P "DDFTTPSZ 'VODUJPO "$ BEBQUFS 3FDIBSHFT UIF CBUUFSZ 64# 4ZOD DBCMF $POOFDUT ZPVS EFWJDF UP B 1$ BOE TZODISPOJ[FT EBUB 4UFSFP IFBETFU 1SPWJEFT B WPMVNF DPOUSPM TMJEFS BOE B 4FOE &OE CVUUPO 1SFTT UIF 4FOE &OE CVUUPO UP QJDL VQ B DBMM PS QVU B DBMM PO IPME QSFTT BOE IPME UIF CVUUPO UP FOE UIF DBMM #BUUFSZ 1PVDI "DUT BT B QSPUFDUJWF DBSSZJOH DBTF GPS ZPVS EFWJDF 4UZMVT "O FYUSB TUZMVT QFO JT QSPWJEFE : 4QMJUU
(FUUJOH 4UBSUFE 5IF #BUUFSZ BOE UIF 4UPSBHF $BSE :PVS EFWJDF DPOUBJOT B SFDIBSHFBCMF -J JPO CBUUFSZ *U JT EFTJHOFE tP CF VTFE POMZ XJUI UIF NBOVGBDUVSFS TQFDJGJFE PSJHJOBM CBUUFSJFT BOE BDDFTTPSJFT #BUUFSZ QFSGPSNBODF EFQFOET PO NBOZ GBDUPST JODMVEJOH OFUXPSL DPOGJHVSBUJPO TJHOBM TUSFOHUI UIF UFNQFSBUVSF PG UIF FOWJSPONFOU JO XIJDI ZPV PQFSBUF ZPVS EFWJDF UIF GFBUVSFT BOE PS TFUUJOHT ZPV TFMFDU BOE VTF JUFNT BUUBDIFE UP DPOOFDUJOH QPSUT BOE ZPVS WPJDF EBUB BOE PUIFS QSPHSBN VTBHF QBU
(FUUJOH 4UBSUFE #BUUFSZ *OGPSNBUJPO 5P DIBSHF UIF CBUUFSZ /FX CBUUFSJFT BSF TIJQQFE QBSUJBMMZ DIBSHFE #FGPSF ZPV TUBSU VTJOH ZPVS EFWJDF JU JT SFDPNNFOEFE UIBU ZPV DIBSHF UIF CBUUFSZ 4PNF CBUUFSJFT QFSGPSN CFTU BGUFS TFWFSBM GVMM DIBSHF EJTDIBSHF DZDMFT :PV DBO DIBSHF UIF CBUUFSZ JO UXP XBZT r $IBSHJOH UIF EFWJDF T CBUUFSZ CZ DPOOFDUJOH UIF QPXFS BEBQUFS r $POOFDUJOH ZPVS EFWJDF UP B 1$ WJB UIF QSPWJEFE 64# 4ZOD DBCMF /PUF 0OMZ UIF "$ BEBQUFS BOE 64# DBCMF QSPWJEFE XJUI ZPVS EFWJDF TIPVME
(FUUJOH 4UBSUFE *OTUBMM UIF NJDSP4% DBSE OPU JODMVEFE 3FNPWF UIF CBDL DPWFS 6TF ZPVS UIVNC PS mOHFS UP QSZ PQFO UIF DPWFS UIBU IPVTFT UIF TUPSBHF DBSE TMPU 5P PQFO UIF TMPU DPWFS FBTJFS QSZ JU PQFO GSPN CPUI FOET 'MJQ ZPVS EFWJDF TP UIBU UIF UPVDI TDSFFO GBDFT VQXBSE )PME PQFO UIF TMPU DPWFS XJUI POF IBOE TUPSBHF DBSE TMPU 4MPU DPWFS *OTFSU UIF NJDSP4% DBSE JOUP UIF TUPSBHF DBSE TMPU XJUI UIF HPME DPOUBDUT GBDJOH EPXO $MPTF UIF TMPU DPWFS 3FQMBDF UIF CBDL DP
(FUUJOH 4UBSUFE 4UBSUJOH 6Q "GUFS JOTFSUJOH UIF CBUUFSZ ZPV DBO OPX QPXFS PO BOE TUBSU VTJOH ZPVS EFWJDF 5VSO ZPVS EFWJDF PO BOE PGG 5P UVSO PO UIF QPXFS r 1SFTT BOE IPME UIF 108&3 CVUUPO GPS B GFX TFDPOET 8IFO ZPV UVSO PO ZPVS EFWJDF GPS UIF mSTU UJNF B 2VJDL 4UBSU 8J[BSE XJMM HVJEF ZPV UISPVHI UIF DBMJCSBUJPO QSPDFTT BOE UIF TFUVQ PG SFHJPOBM TFUUJOHT EBUF BOE UJNF BOE QBTTXPSE 'PS NPSF JOGPSNBUJPO BCPVU UPVDI TDSFFO DBMJCSBUJPO TFF i$BMJCSBUF UIF EFWJDFw 5P UVSO PGG UIF QPXFS r 1
(FUUJOH 4UBSUFE 5IF 5PEBZ 4DSFFO 5IF 5PEBZ TDSFFO EJTQMBZT JNQPSUBOU JOGPSNBUJPO TVDI BT VQDPNJOH BQQPJOUNFOUT BOE TUBUVT JOEJDBUPST :PV DBO UBQ B TFDUJPO PO UIF TDSFFO UP PQFO UIF BTTPDJBUFE QSPHSBN $POOFDUJPO TUBUVT /PUJGJDBUJPO 4JHOBM TUSFOHUI "EKVTU WPMVNF #BUUFSZ TUBUVT 0QFO 2VJDL .FOV 4FF i2VJDL .FOVw JO UIJT DIBQUFS GPS EFUBJMT 0QFO 4UBSU .
(FUUJOH 4UBSUFE 4UBSU .FOV 5IF 4UBSU NFOV MPDBUFE BU UIF UPQ MFGU DPSOFS PG UIF 5PEBZ TDSFFO EJTQMBZT B MJTU PG QSPHSBNT :PV DBO TUBSU B QSPHSBN CZ TDSPMMJOH UISPVHI UIF QSPHSBNT MJTU BOE UIFO QSFTTJOH &/5&3 PS CZ UBQQJOH B QSPHSBN XJUI UIF TUZMVT 0QFO B SFDFOUMZ VTFE QSPHSBN 4XJUDI UP UIF 5PEBZ TDSFFO 0QFO B QSPHSBN 5IF JUFNT EJTQMBZFE JO UIF 4UBSU NFOV DBO CF DVTUPNJ[FE CZ UBQQJOH 4UBSU 4FUUJOHT 1FSTPOBM UBC .
(FUUJOH 4UBSUFE 5IF )PNF UBC )PNF EJTQMBZT UIF DVSSFOU EBZ EBUF BOE MPDBM UJNF 8IFO ZPV IBWF OFX JODPNJOH NFTTBHFT BOE DBMMT JU TIPXT ZPV UIF OVNCFS PG OFX F NBJMT UFYU NFTTBHFT BOE NJTTFE DBMMT *G ZPV IBWF TFU VQ UIF BMBSN JU BMTP TIPXT UIF "MBSN JDPO 5JNF EJTQMBZ 5PVDI UIJT EJTQMBZ BSFB XIFO ZPV XBOU UP DIBOHF UIF EBUF PS UJNF PS UP FOBCMF UIF BMBSN $VSSFOU EBZ BOE EBUF "MBSN JDPO /VNCFS PG NJTTFE DBMMT 5PVDI UIJT JDPO UP WJFX UIF $BMM )JTUPSZ /VNCFS PG OFX FNBJMT BOE QJD
(FUUJOH 4UBSUFE /PUF *G ZPV IBWF OPU DPOOFDUFE UP UIF *OUFSOFU BOE EPXOMPBEFE XFBUIFS JOGPSNBUJPO GPS GJWF EBZT UIF GPMMPXJOH FSSPS NFTTBHF XJMM CF EJTQMBZFE 6OBCMF UP SFUSJFWF EBUB GPS TFMFDUFE DJUZ 4FMFDU IFSF UP SFUSZ 6TF UIF EBUB DPOOFDUJPO UP DPOOFDU ZPVS EFWJDF UP UIF *OUFSOFU UIFO UPVDI UIF BSFB UIBU TIPXT UIF FSSPS NFTTBHF UP EPXOMPBE XFBUIFS EBUB :PV DBO BMTP DVTUPNJ[F XFBUIFS TFUUJOHT UISPVHI UIF GPMMPXJOH TUFQT 5PVDI UIF BSFB UIBU TIPXT UIF DJUZ OBNF 0O UIF 4FMFDU $JUZ
(FUUJOH 4UBSUFE 5IF 4PVOE UBC 4PVOE MFUT ZPV RVJDLMZ TFU UIF EFWJDF WPMVNF BOE DIBOHF UIF SJOH UPOF PG ZPVS EFWJDF 4JMFOU 7JCSBUF "VUPNBUJD /PSNBM 5BQ UP DIBOHF UIF SJOH UPOF r 5BQ UIF TPVOE NPEF JDPO UP TFU UIF EFWJDF UP /PSNBM 4JMFOU 7JCSBUF PS "VUPNBUJD NPEF r 5PVDI UIF 3JOHUPOF BSFB UP PQFO UIF QIPOF TPVOE TFUUJOHT UP DIBOHF UIF SJOH UPOF /PUF 5BQ UIF "VUPNBUJD JDPO UP TFU UIF EFWJDF WPMVNF UP "VUPNBUJD NPEF *G "VUPNBUJD JT TFMFDUFE UIF EFWJDF XJMM WJCSBUF EVSJOH B TDIFEVMFE FW
(FUUJOH 4UBSUFE 5P OBWJHBUF 5PVDI $VCF 5PVDI $VCF JT B GPVS EJNFOTJPOBM DVCJD VTFS JOUFSGBDF 5P GMJQ UIF JOUFSGBDF GSPN POF TJEF UP BOPUIFS TMJEF ZPVS GJOHFS MFGU PS SJHIU PO UIF UPVDI TDSFFO 1BOFMT PG 5PVDI $VCF 5IFSF BSF GPVS TJEFT UP UIF 5PVDI $VCF JOUFSGBDF r 0O UIF mSTU TJEF PG UIF JOUFSGBDF $POUBDUT QBOFM ZPV DBO BEE VQ UP OJOF GBWPSJUF DPOUBDUT *G ZPV NBLF DBMMT UP DFSUBJO QFPQMF GSFRVFOUMZ ZPV DBO BEE UIFN BT GBWPSJUF DPOUBDUT GPS RVJDLFS BDDFTT /PUF :PV TIPVME BMSFBEZ IBWF DPOU
(FUUJOH 4UBSUFE /PUF 8IFO ZPV IBWF EJGGFSFOU QIPOF OVNCFST BTTJHOFE UP UIF TBNF DPOUBDU BO JDPO BQQFBST PO UIF UPQ MFGU DPSOFS PG UIF DPOUBDU TRVBSF UP UFMM ZPV XIJDI OVNCFS JT BTTJHOFE UP UIF QBSUJDVMBS TRVBSF NPCJMF QIPOF XPSL QIPOF PS IPNF QIPOF r 0O UIF TFDPOE TJEF PG UIF JOUFSGBDF .FEJB QBOFM ZPV DBO QMBZ CBDL NVTJD BOE BDDFTT UIF JNBHFT BOE WJEFP mMFT PO ZPVS EFWJDF 0QFO 8JOEPXT .FEJB 1MBZFS UP QMBZ CBDL NVTJD GJMFT 4FF $IBQUFS GPS EFUBJMT 0QFO .
(FUUJOH 4UBSUFE r 4MJEF ZPVS mOHFS EPXOXBSE UP TDSPMM VQ UIF TDSFFO r 4MJEF ZPVS mOHFS VQXBSE UP TDSPMM EPXO UIF TDSFFO r 5P TDSPMM UPXBSET UIF MFGU TMJEF ZPVS mOHFS UP UIF SJHIU r 5P TDSPMM UPXBSET UIF SJHIU TMJEF ZPVS mOHFS UP UIF MFGU r 8IJMF UIF TDSFFO JT TDSPMMJOH ZPV DBO TUPQ UIF TDSPMMJOH CZ QSFTTJOH ZPVS mOHFS PO UIF UPVDI TDSFFO /PUF 4DSPMMCBST TIPXO PO UIF TDSFFO JOEJDBUF UIBU UIFSF BSF NPSF DPOUFOU UIBU DBOOPU FOUJSFMZ GJU PO UIF TDSFFO :PV DBO GJOHFS TDSPMM VQ BOE EPXO POMZ
(FUUJOH 4UBSUFE 5JQ *G ZPV TMJEF UP UIF SJHIU BOE ZPV BSF PO UIF GJSTU F NBJM NFTTBHF PS TMJEF UP UIF MFGU BOE ZPV BSF PO UIF MBTU F NBJM NFTTBHF ZPV XJMM CF SFUVSOFE UP UIF F NBJM MJTU TDSFFO 5P SBOEPN BDDFTT JO $POUBDUT 8IFO ZPV PQFO UIF $POUBDUT MJTU UIF 3BOEPN "DDFTT CBS BMMPXT ZPV UP RVJDLMZ TDSPMM UISPVHI UIF MJTU 3BOEPN "DDFTT CBS 0O UIF 3BOEPN "DDFTT CBS UBQ B MFUUFS PS TDSPMM UP B MFUUFS UP DPOUBDUT CFHJOOJOH XJUI UIBU MFUUFS 5PVDI'-0 TFUUJOHT :PV DBO FOBCMF PS NVUF UIF GJO
(FUUJOH 4UBSUFE 1SPHSBNT 5IF GPMMPXJOH BSF QSPHSBNT UIBU BSF QSFJOTUBMMFE PO ZPVS EFWJDF 1SPHSBNT JO UIF 4UBSU .FOV *DPO %FTDSJQUJPO 0GGJDF .PCJMF 6TF UIF DPNQMFUF TVJUF PG .JDSPTPGU¥ 0GGJDF BQQMJDBUJPOT GPS ZPVS NPCJMF EFWJDF &YDFM .PCJMF $SFBUF OFX XPSLCPPLT PS WJFX BOE FEJU .JDSPTPGU¥ 0GGJDF &YDFM¥ XPSLCPPLT 1PXFS1PJOU .PCJMF 7JFX .JDSPTPGU¥ 0GGJDF 1PXFS1PJOU¥ TMJEFT BOE QSFTFOUBUJPOT 8PSE .PCJMF $SFBUF WJFX BOE FEJU .
(FUUJOH 4UBSUFE *DPO %FTDSJQUJPO 1JDUVSFT 7JEFPT 7JFX PSHBOJ[F BOE TPSU QJDUVSFT BOJNBUFE (*'T (SBQIJDT *OUFSDIBOHF 'PSNBU BOE WJEFP GJMFT PO ZPVS EFWJDF PS B TUPSBHF DBSE 4FBSDI 4FBSDI DPOUBDUT EBUB BOE PUIFS JOGPSNBUJPO PO ZPVS EFWJDF 5BTLT ,FFQ USBDL PG ZPVS UBTLT 5FYU .FTTBHFT 3FUSZ 3FTFOE 4.
(FUUJOH 4UBSUFE 4ZTUFN UBC *DPO %FTDSJQUJPO "CPVU 5IJT JT XIFSF ZPV DBO TFF CBTJD JOGPSNBUJPO TVDI BT UIF 8JOEPXT .
(FUUJOH 4UBSUFE $POOFDUJPOT UBC *DPO %FTDSJQUJPO #FBN 4FU ZPVS EFWJDF UP SFDFJWF JODPNJOH #MVFUPPUI CFBNT #MVFUPPUI 5VSO #MVFUPPUI PO TFU ZPVS EFWJDF UP WJTJCMF NPEF BOE TDBO GPS PUIFS #MVFUPPUI EFWJDFT $PNN .BOBHFS .
(FUUJOH 4UBSUFE
$IBQUFS &OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO &OUFSJOH *OGPSNBUJPO 6TJOH UIF 0O TDSFFO ,FZCPBSE 6TJOH 5PVDI ,FZQBE PS 5PVDI ,FZCPBSE 6TJOH -FUUFS 3FDPHOJ[FS 6TJOH #MPDL 3FDPHOJ[FS 6TJOH 5SBOTDSJCFS 4FBSDIJOH *OGPSNBUJPO
&OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO &OUFSJOH *OGPSNBUJPO 8IFO ZPV TUBSU B QSPHSBN PS TFMFDU B GJFME UIBU SFRVJSFT UFYU PS OVNCFST UIF *OQVU 1BOFM JDPO CFDPNFT BWBJMBCMF PO UIF NFOV CBS 5BQ UIF *OQVU 4FMFDUPS BSSPX UIBU BQQFBST OFYU UP UIF *OQVU 1BOFM JDPO UP PQFO B NFOV XIFSF ZPV DBO TFMFDU B UFYU JOQVU NFUIPE BOE DVTUPNJ[F JOQVU PQUJPOT "GUFS TFMFDUJOH B UFYU JOQVU NFUIPE UIF DPSSFTQPOEJOH *OQVU 1BOFM JT UIFO EJTQMBZFE BOE ZPV DBO VTF JU UP FOUFS UFYU 5P UPHHMF CFUXFFO TIPXJOH BOE IJEJ
&OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO 6TJOH 5PVDI ,FZQBE PS 5PVDI ,FZCPBSE 5PVDI ,FZQBE TJNVMBUFT B XJSFMFTT QIPOF LFZQBE PO UIF UPVDI TDSFFO UP BMMPX ZPV UP FOUFS UFYU OVNCFST BOE TZNCPMT KVTU BT JG ZPV XFSF VTJOH B XJSFMFTT QIPOF LFZQBE 5PVDI ,FZCPBSE TJNVMBUFT B LFZ 28&35: UZQFXSJUFS LFZCPBSE PO UIF UPVDI TDSFFO UP BMMPX ZPV UP FOUFS UFYU OVNCFST BOE TZNCPMT TJNJMBS UP UIF XBZ ZPV XPVME VTJOH B 28&35: LFZCPBSE 5P VTF 5PVDI ,FZQBE PS 5PVDI ,FZCPBSE r *O B QSPHSBN UBQ UIF *OQVU 4FMFD
&OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO 6TF 95 NPEF 5P FOUFS B XPSE JO 95 NPEF QSFTT UIF LFZT UIBU DPOUBJO UIF MFUUFST ZPV XBOU "T ZPV FOUFS MFUUFST 95 BOBMZ[FT ZPVS LFZQSFTTFT BOE BUUFNQUT UP DPNQMFUF UIF XPSE *G UIFSF JT NPSF UIBO POF DIPJDF JO UIF 95 EJDUJPOBSZ GPS ZPVS FOUSZ B MJTU PG BWBJMBCMF XPSET JT EJTQMBZFE JO UIF DBOEJEBUF XPSE MJTU BU UIF UPQ PG UIF LFZQBE PS LFZCPBSE 'PS FYBNQMF UP FOUFS UIF XPSE iTIPFw JO 5PVDI ,FZQBE UBQ 6TF .VMUJUBQ NPEF *O .
&OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO 6TJOH #MPDL 3FDPHOJ[FS 8JUI #MPDL 3FDPHOJ[FS ZPV VTF B TJOHMF TUSPLF UP XSJUF MFUUFST OVNCFST TZNCPMT BOE QVODUVBUJPO XIJDI BSF UIFO DPOWFSUFE JOUP UZQFE UFYU 5P VTF #MPDL 3FDPHOJ[FS 'SPN B QSPHSBN UBQ UIF *OQVU 4FMFDUPS BSSPX BOE UBQ #MPDL 3FDPHOJ[FS 8SJUF DIBSBDUFST OVNCFST BOE TZNCPMT JO UIF EFTJHOBUFE XSJUJOH BSFB r &OUFS MFUUFST CZ XSJUJOH JO UIF BCD MFGU BSFB PG UIF CPY r &OUFS OVNCFST CZ XSJUJOH JO UIF SJHIU BSFB PG UIF CPY
&OUFSJOH BOE 4FBSDIJOH *OGPSNBUJPO 4FBSDIJOH *OGPSNBUJPO :PV DBO TFBSDI GPS GJMFT BOE PUIFS JUFNT TUPSFE JO .
$IBQUFS 6TJOH 1IPOF 'FBUVSFT 6TJOH UIF 1IPOF .
6TJOH 1IPOF 'FBUVSFT 6TJOH UIF 1IPOF -JLF B TUBOEBSE NPCJMF QIPOF ZPV DBO VTF ZPVS EFWJDF UP NBLF SFDFJWF BOE LFFQ USBDL PG DBMMT BOE TFOE NFTTBHFT 5IF 1IPOF TDSFFO 'SPN UIF 1IPOF TDSFFO ZPV DBO BDDFTT $BMM )JTUPSZ 4QFFE %JBM BOE 1IPOF TFUUJOHT 5P PQFO UIF 1IPOF TDSFFO EP POF PG UIF GPMMPXJOH r 5BQ 4UBSU 1IPOF PS r 1SFTT UIF 5"-, CVUUPO 5"-, CVUUPO 5VSO UIF QIPOF GVODUJPO PO BOE PGG *O NBOZ DPVOUSJFT ZPV BSF SFRVJSFE CZ MBX UP UVSO PGG UIF QIPOF XIJMF PO CPBSE BO BJSDSBGU 5
6TJOH 1IPOF 'FBUVSFT "EKVTU UIF EFWJDF WPMVNF 'SPN UIF 5PEBZ 4DSFFO UBQ UIF 4QFBLFS JDPO 6OEFS 7PMVNF EP UIF GPMMPXJOH r "EKVTU UIF QIPOF WPMVNF PS EFWJDF WPMVNF CZ NPWJOH UIF TMJEFS UP UIF EFTJSFE WPMVNF MFWFM r 5BQ 0O 7JCSBUF PS 0GG UP DIBOHF CPUI UIF TZTUFN BOE SJOHFS WPMVNF TFUUJOHT /PUFT r 5P BEKVTU UIF DPOWFSTBUJPO QIPOF WPMVNF ZPV NVTU EP JU EVSJOH B DBMM "EKVTUJOH UIF WPMVNF BU BOPUIFS UJNF XJMM BGGFDU UIF SJOH OPUJGJDBUJPO BOE .
6TJOH 1IPOF 'FBUVSFT .
6TJOH 1IPOF 'FBUVSFT 3FDFJWJOH B $BMM 8IFO ZPV SFDFJWF B QIPOF DBMM B NFTTBHF XJMM BQQFBS HJWJOH ZPV UIF PQUJPO UP FJUIFS BOTXFS PS JHOPSF UIF JODPNJOH DBMM 5P BOTXFS PS SFKFDU BO JODPNJOH DBMM r 5P BOTXFS UIF DBMM UBQ "OTXFS PS QSFTT UIF 5"-, CVUUPO PO UIF EFWJDF r 5P SFKFDU UIF DBMM UBQ *HOPSF PS QSFTT UIF &/% CVUUPO PO UIF EFWJDF 5P FOE B DBMM 0ODF BO JODPNJOH PS PVUHPJOH DBMM JT JO QSPHSFTT ZPV DBO UBQ &OE PS QSFTT UIF &/% CVUUPO PO UIF EFWJDF UP IBOH VQ 5P DIFDL B NJTTFE D
6TJOH 1IPOF 'FBUVSFT 5P NVUF B DBMM :PV DBO UVSO PGG UIF NJDSPQIPOF EVSJOH B DBMM TP UIBU ZPV DBO IFBS UIF DBMMFS CVU UIF DBMMFS DBOOPU IFBS ZPV r %VSJOH B DBMM UBQ .
6TJOH 1IPOF 'FBUVSFT :PV DBO EP POF PG UIF GPMMPXJOH r 8IFO UIF EFTJSFE DPOUBDU JT TFMFDUFE QSFTT UIF 5"-, CVUUPO UP QMBDF B DBMM r 5P TFOE B UFYU NFTTBHF UP UIF TFMFDUFE DPOUBDU UBQ BOE IPME UIF DPOUBDU BOE UBQ 4FOE 5FYU .
6TJOH 1IPOF 'FBUVSFT
$IBQUFS 4FUUJOH 6Q :PVS %FWJDF #BTJD 4FUUJOHT 1FSTPOBMJ[JOH UIF 5PEBZ 4DSFFO $VTUPNJ[JOH 1IPOF 4FSWJDFT 1SPUFDUJOH :PVS %FWJDF
4FUUJOH 6Q :PVS %FWJDF #BTJD 4FUUJOHT 5JNF BOE EBUF 5P TFU UIF UJNF BOE EBUF 5BQ 4UBSU 4FUUJOHT 4ZTUFN UBC $MPDL "MBSNT 5JNF UBC 4FMFDU UIF DPSSFDU UJNF [POF BOE DIBOHF UIF EBUF PS UJNF /PUF %VSJOH TZODISPOJ[BUJPO UIF UJNF PO ZPVS EFWJDF JT VQEBUFE XJUI UIF UJNF PO ZPVS 1$ 5P TFU UIF UJNF BOE EBUF GPS B EJGGFSFOU MPDBUJPO *G ZPV WJTJU PS DPNNVOJDBUF XJUI TPNFPOF JO B QBSUJDVMBS UJNF [POF PGUFO ZPV DBO TFMFDU JU BT ZPVS WJTJUJOH UJNF [POF 5BQ 4UBSU 4FUUJOHT 4ZTUF
4FUUJOH 6Q :PVS %FWJDF %FWJDF OBNF 5IF EFWJDF OBNF JT VTFE UP JEFOUJGZ ZPVS EFWJDF JO UIF GPMMPXJOH TJUVBUJPOT r 4ZODISPOJ[JOH XJUI B 1$ r $POOFDUJOH UP B OFUXPSL r 3FTUPSJOH JOGPSNBUJPO GSPN B CBDLVQ /PUF *G ZPV TZODISPOJ[F NVMUJQMF EFWJDFT XJUI UIF TBNF 1$ FBDI EFWJDF NVTU IBWF B VOJRVF OBNF 5P DIBOHF UIF EFWJDF OBNF 5BQ 4UBSU 4FUUJOHT 4ZTUFN UBC "CPVU 5BQ UIF %FWJDF *% UBC $MFBS UIF Device Name mFME UIFO FOUFS B OFX OBNF /PUF 5IF EFWJDF OBNF NVTU CFHJO XJUI B MFUUFS
4FUUJOH 6Q :PVS %FWJDF 5P DIPPTF IPX UP CF OPUJGJFE BCPVU FWFOUT PS BDUJPOT 5BQ 4UBSU 4FUUJOHT 1FSTPOBM UBC 4PVOET /PUJGJDBUJPOT 0O UIF 4PVOET UBC DIPPTF IPX ZPV XBOU UP CF OPUJmFE CZ TFMFDUJOH UIF BQQSPQSJBUF DIFDL CPYFT 0O UIF /PUJGJDBUJPOT UBC JO &WFOU UBQ BO FWFOU OBNF BOE DIPPTF IPX ZPV XBOU UP CF OPUJmFE CZ TFMFDUJOH UIF BQQSPQSJBUF DIFDL CPYFT :PV DBO DIPPTF GSPN TFWFSBM PQUJPOT TVDI BT B TQFDJBM TPVOE B NFTTBHF PS B nBTIJOH MJHIU 5JQ 5VSOJOH PGG TPVOET BOE UIF
4FUUJOH 6Q :PVS %FWJDF %P BOZ PG UIF GPMMPXJOH r 4FMFDU /FYU BQQPJOUNFOU UP TIPX POMZ UIF OFYU BQQPJOUNFOU JO ZPVS TDIFEVMF PS 6QDPNJOH BQQPJOUNFOUT UP TIPX NVMUJQMF BQQPJOUNFOUT r $MFBS UIF %JTQMBZ BMM EBZ FWFOUT DIFDL CPY JG ZPV EP OPU XBOU UP EJTQMBZ BMM EBZ FWFOUT 'PS NPSF JOGPSNBUJPO BCPVU VTJOH $BMFOEBS TFF $IBQUFS BOE 5P TFU PQUJPOT GPS EJTQMBZJOH UBTLT PO UIF 5PEBZ TDSFFO *G ZPV IBWF B MBSHF OVNCFS PG UBTLT ZPV NBZ XBOU UP TQFDJGZ UIF LJOE PG UBTLT UIBU BSF EJTQMBZFE PO UIF 5P
4FUUJOH 6Q :PVS %FWJDF $VTUPNJ[JOH 1IPOF 4FSWJDFT 5P BDDFTT QIPOF TFUUJOHT BOE TFSWJDFT r 5BQ 4UBSU 1IPOF UIFO UBQ .
4FUUJOH 6Q :PVS %FWJDF 1SPUFDUJOH :PVS %FWJDF 1SPUFDU ZPVS EFWJDF XJUI B QBTTXPSE :PV DBO QSFWFOU VOBVUIPSJ[FE BDDFTT UP ZPVS EFWJDF CZ VTJOH QBTTXPSE QSPUFDUJPO 5P LFFQ ZPVS EBUB NPSF TFDVSF ZPV DBO TFU ZPVS EFWJDF UP QSPNQU GPS B QBTTXPSE FWFSZ UJNF UIF EFWJDF JT UVSOFE PO PS XIFO ZPVS EFWJDF IBT CFFO JEMF BGUFS B TQFDJGJFE BNPVOU PG UJNF 5P TFU B EFWJDF QBTTXPSE 5BQ 4UBSU 4FUUJOHT 1FSTPOBM UBC -PDL 4FMFDU UIF 1SPNQU JG EFWJDF VOVTFE GPS DIFDL CPY BOE JO UIF CPY UP UIF SJH
4FUUJOH 6Q :PVS %FWJDF
$IBQUFS 4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS "CPVU 4ZODISPOJ[BUJPO 4FUUJOH 6Q 8JOEPXT .PCJMF¡ %FWJDF $FOUFS PO 8JOEPXT 7JTUB¡ 4FUUJOH 6Q "DUJWF4ZOD¡ PO 8JOEPXT 91¡ 4ZODISPOJ[JOH 8JUI :PVS $PNQVUFS 4ZODISPOJ[JOH WJB #MVFUPPUI 4ZODISPOJ[JOH .
4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS "CPVU 4ZODISPOJ[BUJPO :PV DBO UBLF JOGPSNBUJPO GSPN ZPVS DPNQVUFS XIFSFWFS ZPV HP CZ TZODISPOJ[JOH UIFN UP ZPVS EFWJDF 5IF GPMMPXJOH UZQFT PG JOGPSNBUJPO DBO CF TZODISPOJ[FE CFUXFFO ZPVS DPNQVUFS BOE ZPVS EFWJDF r .JDSPTPGU 0VUMPPL¥ JOGPSNBUJPO XIJDI JODMVEF 0VUMPPL F NBJM DPOUBDUT DBMFOEBS UBTLT BOE OPUFT r .
4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS /PUF $IPPTF $POOFDU XJUIPVU TFUUJOH VQ ZPVS EFWJDF JG ZPV POMZ XBOU UP USBOTGFS NFEJB GJMFT DIFDL GPS VQEBUFT BOE FYQMPSF ZPVS EFWJDF CVU OPU TZOD 0VUMPPL JOGPSNBUJPO 4FMFDU UIF JUFNT ZPV XBOU UP TZODISPOJ[F UIFO DMJDL /FYU &OUFS B EFWJDF OBNF BOE DMJDL 4FU 6Q 8IFO ZPV GJOJTI UIF TFUVQ XJ[BSE 8JOEPXT .
4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS 4FUUJOH 6Q "DUJWF4ZOD¡ PO 8JOEPXT 91¡ 5IF (FUUJOH 4UBSUFE %JTD UIBU DPNFT XJUI ZPVS EFWJDF DPOUBJOT .
4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS 'SPN "DUJWF4ZOD PO ZPVS 1$ 8IFO ZPV DPOOFDU ZPVS EFWJDF UP ZPVS 1$ "DUJWF4ZOD BVUPNBUJDBMMZ PQFOT PO ZPVS 1$ BOE TZODISPOJ[FT r 5P NBOVBMMZ TUBSU TZODISPOJ[BUJPO DMJDL r 5P FOE TZODISPOJ[BUJPO CFGPSF JU DPNQMFUFT DMJDL $IBOHF XIJDI JOGPSNBUJPO JT TZODISPOJ[FE :PV DBO DIBOHF UIF JOGPSNBUJPO UZQFT BOE UIF BNPVOU PG JOGPSNBUJPO UP TZODISPOJ[F GPS FBDI UZQF FJUIFS PO ZPVS EFWJDF PS ZPVS 1$ 'PMMPX UIF TUFQT CFMPX UP DIBOHF TZODISPOJ[BUJPO TFU
4ZODISPOJ[JOH *OGPSNBUJPO 8JUI :PVS $PNQVUFS /PUFT r 5P QSFTFSWF CBUUFSZ QPXFS UVSO PGG #MVFUPPUI XIFO OPU JO VTF r 5P DPOOFDU BOE TZODISPOJ[F ZPVS EFWJDF XJUI B DPNQVUFS WJB #MVFUPPUI ZPVS DPNQVUFS NVTU IBWF CVJMU JO #MVFUPPUI PS JOTUBMMFE XJUI B #MVFUPPUI BEBQUFS PS EPOHMF 4ZODISPOJ[JOH .VTJD BOE 7JEFP *G ZPV XBOU UP DBSSZ ZPVS NVTJD PS PUIFS EJHJUBM NFEJB BMPOH XJUI ZPV XIJMF ZPV USBWFM TFU VQ .JDSPTPGU¥ 8JOEPXT .
$IBQUFS 0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO $POUBDUT $BMFOEBS 5BTLT /PUFT 7PJDF 3FDPSEFS
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO $POUBDUT $POUBDUT $POUBDUT JT ZPVS BEESFTT CPPL BOE JOGPSNBUJPO TUPSBHF GPS UIF QFPQMF BOE CVTJOFTTFT ZPV DPNNVOJDBUF XJUI 4UPSF QIPOF OVNCFST F NBJM BEESFTTFT IPNF BEESFTTFT BOE BOZ PUIFS JOGPSNBUJPO UIBU SFMBUFT UP B DPOUBDU TVDI BT B CJSUIEBZ PS BO BOOJWFSTBSZ EBUF :PV DBO BMTP BEE B QJDUVSF PS BTTJHO B SJOH UPOF UP B DPOUBDU 'SPN UIF DPOUBDU MJTU ZPV DBO RVJDLMZ DPNNVOJDBUF XJUI QFPQMF 5BQ B DPOUBDU JO UIF MJTU GPS B T
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO 5PVDI UIF OBNF PG B DPOUBDU UP PQFO IJT PS IFS DPOUBDU DBSE 0O UIF DPOUBDU DBSE ZPV XJMM TFF UIF MBTU PVUHPJOH PS JODPNJOH DBMM BT XFMM BT EFUBJMFE JOGPSNBUJPO TVDI BT QIPOF OVNCFST PG UIF DPOUBDU F NBJM BEESFTT BOE NPSF 5P HSPVQ TJNJMBS DPOUBDUT :PV DBO HSPVQ TJNJMBS DPOUBDUT GPS FBTJFS NBOBHFNFOU CZ BTTJHOJOH UIFN UP DBUFHPSJFT $SFBUF B OFX 0VUMPPL DPOUBDU PS FEJU BO FYJTUJOH 0VUMPPL DPOUBDU 5BQ $BUFHPSJFT
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO $BMFOEBS 6TF $BMFOEBS UP TDIFEVMF BQQPJOUNFOUT JODMVEJOH NFFUJOHT BOE PUIFS FWFOUT :PVS BQQPJOUNFOUT GPS UIF EBZ DBO CF EJTQMBZFE PO UIF 5PEBZ TDSFFO *G ZPV VTF 0VUMPPL PO ZPVS 1$ ZPV DBO TZODISPOJ[F BQQPJOUNFOUT CFUXFFO ZPVS EFWJDF BOE 1$ :PV DBO BMTP TFU $BMFOEBS UP SFNJOE ZPV PG BQQPJOUNFOUT XJUI B TPVOE PS GMBTIJOH MJHIU GPS FYBNQMF :PV DBO MPPL BU ZPVS BQQPJOUNFOUT JO TFWFSBM EJGGFSFOU WJFXT %BZ 8FFL .
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO 7JFX BQQPJOUNFOUT #Z EFGBVMU $BMFOEBS EJTQMBZT BQQPJOUNFOUT JO "HFOEB WJFX :PV DBO BMTP MPPL BU ZPVS BQQPJOUNFOUT JO %BZ 8FFL .
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO 5BTLT 6TF 5BTLT UP LFFQ USBDL PG UIJOHT ZPV OFFE UP EP " UBTL DBO PDDVS PODF PS SFQFBUFEMZ SFDVSSJOH :PV DBO TFU SFNJOEFST GPS ZPVS UBTLT BOE ZPV DBO PSHBOJ[F UIFN VTJOH DBUFHPSJFT :PVS UBTLT BSF EJTQMBZFE JO B UBTL MJTU 0WFSEVF UBTLT BSF EJTQMBZFE JO SFE 5P DSFBUF B UBTL 5BQ 4UBSU 1SPHSBNT 5BTLT 5BQ .
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO 5P MPDBUF B UBTL 8IFO ZPVS MJTU PG UBTLT JT MPOH ZPV DBO EJTQMBZ B TVCTFU PG UIF UBTLT PS TPSU UIF MJTU UP RVJDLMZ GJOE B TQFDJGJD UBTL 5BQ 4UBSU 1SPHSBNT 5BTLT *O UIF UBTL MJTU EP POF PG UIF GPMMPXJOH r 4PSU UIF MJTU 5BQ .FOV 4PSU #Z BOE UBQ B TPSU PQUJPO r 'JMUFS UIF MJTU CZ DBUFHPSZ 5BQ .FOV 'JMUFS BOE UBQ UIF DBUFHPSZ ZPV XBOU EJTQMBZFE 5JQ 5P GJMUFS ZPVS UBTLT GVSUIFS UBQ .
0SHBOJ[JOH $POUBDUT "QQPJOUNFOUT 5BTLT BOE 0UIFS *OGPSNBUJPO 5P DIBOHF SFDPSEJOH GPSNBUT 5BQ 4UBSU 4FUUJOHT 1FSTPOBM UBC *OQVU 5BQ UIF 0QUJPOT UBC BOE TFMFDU UIF EFTJSFE GPSNBU ZPV XBOU JO UIF 7PJDF SFDPSEJOH GPSNBU MJTU 5BQ 0, /PUF :PV DBO BMTP DIBOHF SFDPSEJOH GPSNBUT GSPN XJUIJO /PUFT *O UIF OPUF MJTU UBQ .
$IBQUFS &YDIBOHJOH .FTTBHFT .FTTBHJOH 5FYU .
&YDIBOHJOH .FTTBHFT .FTTBHJOH .FTTBHJOH JT XIFSF ZPVS UFYU NFTTBHFT 4.4 BOE F NBJMT BSF MPDBUFE 8IFO ZPV SFDFJWF OFX NFTTBHFT ZPV DBO PQFO UIFN GSPN UIF 5PEBZ TDSFFO 4JNQMZ UBQ UIF UZQF PG NFTTBHF UIBU ZPV XBOU UP PQFO /FX F NBJM NFTTBHFT /FX UFYU NFTTBHFT 5P TFMFDU B NFTTBHJOH BDDPVOU %P POF PG UIF GPMMPXJOH r 5BQ 4UBSU .FTTBHJOH 5IF "DDPVOU 1JDLFS TDSFFO UIFO BQQFBST XIFSF ZPV DBO TFMFDU BO BDDPVOU r 8IJMF ZPV BSF JO B NFTTBHF MJTU PG B DFSUBJO BDDPVOU GPS FYBNQMF 5FYU .
&YDIBOHJOH .FTTBHFT 5FYU .
&YDIBOHJOH .FTTBHFT /PUFT r 5P FOUFS TZNCPMT UBQ VTJOH UIF POTDSFFO LFZCPBSE BOE UIFO UBQ B TZNCPM 'PS NPSF JOGPSNBUJPO BCPVU FOUFSJOH UFYU BOE TZNCPMT TFF $IBQUFS r *G ZPV XBOU UP LOPX XIFO B UFYU NFTTBHF JT SFDFJWFE CFGPSF TFOEJOH UIF NFTTBHF UIBU ZPV BSF DPNQPTJOH UBQ .FOV .FTTBHF 0QUJPOT UIFO TFMFDU UIF 3FRVFTU NFTTBHF EFMJWFSZ OPUJGJDBUJPO DIFDL CPY 5P BMXBZT SFDFJWF B EFMJWFSZ OPUJGJDBUJPO UBQ .FOV 5PPMT 0QUJPOT JO UIF UFYU NFTTBHF MJTU UBQ 5FYU .
&YDIBOHJOH .FTTBHFT 5P TFU VQ B 101 PS *."1 F NBJM BDDPVOU 4FU VQ B 101 PS *."1 F NBJM BDDPVOU PO ZPVS EFWJDF JG ZPV IBWF BO F NBJM BDDPVOU GSPN BO *OUFSOFU TFSWJDF QSPWJEFS *41 PS PUIFS F NBJM QSPWJEFS PS B 8FC CBTFE BDDPVOU TVDI BT (NBJM :BIPP .BJM 1MVT FUD :PV DBO BMTP BEE B XPSL BDDPVOU UIBU ZPV BDDFTT VTJOH B 71/ TFSWFS DPOOFDUJPO BT B 101 *."1 BDDPVOU 5BQ 4UBSU .
&YDIBOHJOH .FTTBHFT 0QUJPOT %FTDSJQUJPO 6TF BVUPNBUJD TFOE SFDFJWF TDIFEVMF XIFO SPBNJOH 5IJT BMMPXT ZPVS EFWJDF UP EBUB SPBN XIFO UIFSF JT B TFU UJNF JOUFSWBM GPS DPOOFDUJOH UP UIF *OUFSOFU BVUPNBUJDBMMZ 4JODF UIJT NBZ SFTVMU JO IJHIFS DPOOFDUJPO DPTUT ZPV NBZ XBOU UP MFBWF UIF DIFDL CPY DMFBSFE 8IFO EFMFUJOH NFTTBHFT $IPPTF XIFUIFS UP EFMFUF NFTTBHFT GSPN UIF NBJM TFSWFS XIFO ZPV EFMFUF UIFN PO ZPVS EFWJDF .FTTBHF GPSNBU 4FMFDU )5.- PS 1MBJO 5FYU .
&YDIBOHJOH .FTTBHFT " OFX F NBJM NFTTBHF JT UIFO DSFBUFE 5P BEE NPSF SFDJQJFOUT FOUFS UIFJS F NBJM BEESFTTFT TFQBSBUJOH UIFN XJUI B TFNJDPMPO :PV DBO BMTP UBQ .FOV "EE 3FDJQJFOU JG ZPV XBOU UP BEE F NBJM BEESFTTFT TUPSFE JO $POUBDUT &OUFS B TVCKFDU BOE DPNQPTF ZPVS NFTTBHF 5P RVJDLMZ BEE DPNNPO NFTTBHFT UBQ .FOV .Z 5FYU BOE UBQ B EFTJSFE NFTTBHF 5P DIFDL UIF TQFMMJOH UBQ .FOV 4QFMM $IFDL 5BQ 4FOE 5JQT r 5P TFU UIF QSJPSJUZ UBQ .FOV .
&YDIBOHJOH .
&YDIBOHJOH .FTTBHFT 5JQ :PV DBO BMTP NBOVBMMZ TZODISPOJ[F BOZUJNF CZ UBQQJOH 4ZOD JO "DUJWF4ZOD PS .FOV 4FOE 3FDFJWF JO 0VUMPPL .PCJMF 5P TFOE BOE SFDFJWF F NBJM GPS B 101 *."1 BDDPVOU *G ZPV IBWF BO F NBJM BDDPVOU XJUI BO *41 PS B XPSL BDDPVOU UIBU ZPV BDDFTT VTJOH B 71/ TFSWFS DPOOFDUJPO ZPV TFOE BOE SFDFJWF NFTTBHFT UISPVHI B SFNPUF F NBJM TFSWFS #FGPSF TFOEJOH BOE EPXOMPBEJOH NFTTBHFT ZPV OFFE UP DPOOFDU UP UIF *OUFSOFU PS ZPVS DPSQPSBUF OFUXPSL 5BQ 4UBSU .
&YDIBOHJOH .FTTBHFT 5P TUPSF BUUBDINFOUT PO B TUPSBHF DBSE 5BQ 4UBSU .FTTBHJOH 5BQ .
$IBQUFS 8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 4ZODISPOJ[JOH :PVS %FWJDF XJUI UIF &YDIBOHF 4FSWFS 8PSLJOH 8JUI $PNQBOZ & NBJM .BOBHJOH .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 4ZODISPOJ[JOH :PVS %FWJDF XJUI UIF &YDIBOHF 4FSWFS 5P LFFQ VQ UP EBUF XJUI ZPVS DPNQBOZ F NBJM XIJMF ZPV SF PVU PG UIF PGGJDF ZPV DBO DPOOFDU ZPVS EFWJDF UP UIF *OUFSOFU XJSFMFTTMZ BOE TZODISPOJ[F JU XJUI ZPVS DPNQBOZ T &YDIBOHF 4FSWFS :PV DBO BMTP BDDFTT ZPVS DPNQBOZ BEESFTTCPPL BOZUJNF :PVS DPNQBOZ NVTU IBWF B NBJM TFSWFS UIBU JT SVOOJOH .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 8PSLJOH 8JUI $PNQBOZ & NBJM :PVS EFWJDF HJWFT ZPV JOTUBOU BDDFTT UP ZPVS DPNQBOZ F NBJM BOE MFUT ZPV NBOBHF ZPVS NFTTBHFT FBTJFS %JSFDU 1VTI 'FUDI .BJM 3FNPUF F NBJM TFBSDI BOE F NBJM GMBHT BSF KVTU TPNF PG UIF UPPMT ZPV DBO VTF UP NBOBHF ZPVS F NBJMT /PUF 4PNF NFTTBHJOH GFBUVSFT EFQFOE PO UIF .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT *OTUBOU EPXOMPBE UISPVHI 'FUDI .BJM 5IF 'FUDI .BJM GFBUVSF EPXOMPBET BO FOUJSF F NBJM JNNFEJBUFMZ XJUIPVU UIF OFFE GPS ZPV UP QFSGPSN B GVMM 4FOE 3FDFJWF BDUJPO 5IJT MJNJUT UIF EPXOMPBE UP KVTU UIF F NBJM NFTTBHF UIBU ZPV XBOU BOE IFMQT TBWF EBUB DPTU 3FRVJSFNFOU ' FUDI .BJM XPSLT GPS ZPVS EFWJDF POMZ JG ZPVS DPNQBOZ JT VTJOH .JDSPTPGU &YDIBOHF 4FSWFS PS IJHIFS 5BQ 4UBSU .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 5P GMBH PS VOGMBH NFTTBHF 5BQ 4UBSU .FTTBHJOH 0VUMPPL & NBJM 4FMFDU B NFTTBHF PS PQFO B NFTTBHF 5BQ .FOV 'PMMPX 6Q BOE TFMFDU POF PG UIF GPMMPXJOH PQUJPOT r 4FU 'MBH .BSL UIF NFTTBHF XJUI B SFE GMBH UP JOEJDBUF UIBU JU OFFET GPMMPX VQ r $PNQMFUF 'MBH .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT .BOBHJOH .FFUJOH 3FRVFTUT 8IFO ZPV TDIFEVMF BOE TFOE NFFUJOH SFRVFTUT GSPN ZPVS EFWJDF ZPV DBO JOWJUF BUUFOEFFT UP ZPVS NFFUJOH BOE DIFDL UIFJS TUBUVT UP LOPX BCPVU UIFJS BWBJMBCJMJUZ 8IFO ZPV SFDFJWF B NFFUJOH SFRVFTU ZPV DBO SFQMZ CZ BDDFQUJOH PS EFDMJOJOH UIF SFRVFTU 5IF NFFUJOH SFRVFTU BMTP DMFBSMZ JOEJDBUFT XIFUIFS PS OPU UIFSF BSF DPOGMJDUJOH PS BEKBDFOU NFFUJOHT 3FRVJSFNFOU :PVS DPNQBOZ NVTU CF VTJOH .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 'JOEJOH $POUBDUT JO UIF $PNQBOZ %JSFDUPSZ *O BEEJUJPO UP IBWJOH DPOUBDUT PO ZPVS EFWJDF ZPV DBO BDDFTT DPOUBDU JOGPSNBUJPO GSPN ZPVS PSHBOJ[BUJPO T $PNQBOZ %JSFDUPSZ #Z IBWJOH PWFS UIF BJS BDDFTT UP UIF $PNQBOZ %JSFDUPSZ ZPV DBO FBTJMZ TFOE F NBJM NFTTBHFT BOE NFFUJOH SFRVFTUT UP BOZPOF JO ZPVS DPNQBOZ 3FRVJSFNFOU DDFTT UP UIF $PNQBOZ %JSFDUPSZ JT BWBJMBCMF POMZ JG ZPVS PSHBOJ[BUJPO JT SVOOJOH .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT & NBJM 4FDVSJUZ 8JOEPXT .PCJMF QSPUFDUT ZPVS 0VUMPPL F NBJMT UISPVHI 4FDVSF .VMUJQVSQPTF *OUFSOFU .BJM &YUFOTJPO 4 .*.
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .FFUJOH "QQPJOUNFOUT 5BQ $IPPTF $FSUJGJDBUF UP TFMFDU B DFSUJmDBUF GPS TJHOJOH PS FODSZQUJOH PVUHPJOH F NBJM NFTTBHFT :PV DBO TFMFDU DFSUJmDBUFT UP TJHO PS FODSZQU F NBJM NFTTBHFT JOEJWJEVBMMZ JG ZPV EP OPU DIPPTF UP TJHO PS FODSZQU BMM PVUHPJOH F NBJM 'PS JOGPSNBUJPO BCPVU TJHOJOH BOE FODSZQUJOH JOEJWJEVBM NFTTBHFT TFF i5P JOEJWJEVBMMZ TJHO BOE FODSZQU B OFX NFTTBHF w 4FU 1FSNJTTJPOT PO BO & NBJM .
8PSLJOH 8JUI $PNQBOZ & NBJM BOE .
$IBQUFS 8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT .JDSPTPGU¡ 0GGJDF 8PSE .PCJMF .JDSPTPGU¡ 0GGJDF &YDFM¡ .PCJMF .JDSPTPGU¡ 0GGJDF 1PXFS1PJOU¡ .PCJMF "EPCF 3FBEFS -& $PQZJOH BOE .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT .JDSPTPGU¡ 0GGJDF 8PSE .PCJMF .JDSPTPGU¡ 0GGJDF 8PSE .PCJMF JT B TUSFBNMJOFE WFSTJPO PG .JDSPTPGU 8PSE 8PSE EPDVNFOUT DSFBUFE PO ZPVS 1$ DBO CF PQFOFE BOE FEJUFE PO ZPVS EFWJDF :PV DBO BMTP DSFBUF BOE FEJU EPDVNFOUT BOE UFNQMBUFT JO 8PSE .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT .JDSPTPGU¡ 0GGJDF 1PXFS1PJOU¡ .PCJMF 8JUI .JDSPTPGU¡ 0GGJDF 1PXFS1PJOU¡ .PCJMF ZPV DBO PQFO BOE WJFX TMJEF TIPX QSFTFOUBUJPOT DSFBUFE PO ZPVS 1$ 4MJEF TIPXT JO QQU BOE QQT GPSNBU DSFBUFE VTJOH 1PXFS1PJOU h BOE MBUFS DBO CF WJFXFE JO 1PXFS1PJOU .PCJMF .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT r 5BQ UIF TQBDF CFUXFFO UIF BSSPX LFZT BOE UIF TDSPMMCBS XJUI ZPVS TUZMVT UP NPWF POF TDSFFO UPXBSET UIF EFTJSFE QPTJUJPO r 5BQ BOE ESBH UIF TDSPMMCBS UBC UP RVJDLMZ TDSPMM UISPVHI QBHFT BOE KVNQ UP B EFTJSFE QBHF OVNCFS r 5BQ 5PPMT (P 5P BOE TFMFDU BO PQUJPO UP HP UP B TQFDJmD QBHF JO B NVMUJ QBHF 1%' mMF 5P FOMBSHF PS SFEVDF UIF EJTQMBZ TJ[F 0QFO B 1%' mMF ZPV XBOU UP WJFX 5BQ 5PPMT ;PPN 4FMFDU *O PS 0VU UP FOMBSHF PS SFEVDF UIF EJTQMBZ TJ[F
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT $PQZJOH BOE .BOBHJOH 'JMFT :PV DBO DPQZ GJMFT CFUXFFO ZPVS EFWJDF BOE 1$ VTJOH 8JOEPXT .PCJMF %FWJDF $FOUFS PS "DUJWF4ZOD PS DPQZ GJMFT UP B TUPSBHF DBSE UIBU JT JOTFSUFE PO ZPVS EFWJDF :PV DBO BMTP FGGJDJFOUMZ NBOBHF ZPVS GJMFT BOE GPMEFST VTJOH 'JMF &YQMPSFS $PQZ GJMFT VTJOH 8JOEPXT .PCJMF %FWJDF $FOUFS PS "DUJWF4ZOD 6TJOH 8JOEPXT .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT 4UPSF GJMFT UP B TUPSBHF DBSE 5P DPQZ GJMFT UP B TUPSBHF DBSE .BLF TVSF UIF TUPSBHF DBSE JT QSPQFSMZ JOTFSUFE JOUP ZPVS EFWJDF 5BQ 4UBSU 1SPHSBNT 'JMF &YQMPSFS BOE OBWJHBUF UP UIF BQQSPQSJBUF GPMEFS 5BQ BOE IPME UIF mMF ZPV XBOU UP DPQZ BOE UBQ $PQZ 5BQ UIF GPMEFS MJTU MBCFMFE .Z %PDVNFOUT CZ EFGBVMU BOE UBQ 4UPSBHF $BSE 5BQ .FOV &EJU 1BTUF 5P BVUPNBUJDBMMZ TBWF GJMFT PO B TUPSBHF DBSE *O UIF 8PSE .PCJMF &YDFM .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT 5BQ .FOV "DUJPO &YUSBDU $IPPTF B GPMEFS JO XIJDI mMFT XJMM CF FYUSBDUFE UP UIFO UBQ &YUSBDU 5P DSFBUF B [JQ BSDIJWF 5BQ /FX PS 'JMF /FX "SDIJWF 0O UIF 4BWF "T TDSFFO FOUFS B [JQ mMF OBNF BOE DIPPTF B GPMEFS JO XIJDI UP TBWF UIF [JQ mMF :PV DBO BMTP DIPPTF XIFUIFS UIF [JQ mMF XJMM CF TBWFE PO UIF EFWJDF T NBJO NFNPSZ PS B TUPSBHF DBSE 5BQ 4BWF 5BQ .
8PSLJOH 8JUI %PDVNFOUT BOE 'JMFT
$IBQUFS (FUUJOH $POOFDUFE $PNN .BOBHFS $POOFDUJOH UP UIF *OUFSOFU *OUFSOFU &YQMPSFS¡ .PCJMF 8JOEPXT -JWF #MVFUPPUI 6TJOH :PVS %FWJDF "T B .
(FUUJOH $POOFDUFE $PNN .BOBHFS $PNN .BOBHFS BDUT MJLF B DFOUSBM TXJUDI UIBU MFUT ZPV FOBCMF PS EJTBCMF QIPOF GFBUVSFT BT XFMM BT NBOBHF ZPVS EBUB DPOOFDUJPOT FBTJMZ 5P PQFO $PNN .BOBHFS r 5BQ 4UBSU 1SPHSBNT $PNN .BOBHFS PS UBQ 4UBSU 4FUUJOHT $POOFDUJPOT UBC $PNN .
(FUUJOH $POOFDUFE $POOFDUJOH UP UIF *OUFSOFU %JBM VQ DPOOFDUJPO :PVS EFWJDF T OFUXPSLJOH DBQBCJMJUZ BMMPXT ZPV UP BDDFTT UIF *OUFSOFU UISPVHI UIF EJBM VQ DPOOFDUJPO 4FUUJOHT GPS DPOOFDUJOH UP ZPVS TFSWJDF QSPWJEFS T Y355 &7%0 OFUXPSL BSF BMSFBEZ QSFDPOGJHVSFE PO ZPVS EFWJDF BOE ZPVS EFWJDF JT SFBEZ UP DPOOFDU UP UIF *OUFSOFU 1MFBTF EP OPU DIBOHF UIFTF TFUUJOHT BT UIJT NBZ DBVTF ZPVS EBUB DPOOFDUJPO UP TUPQ XPSLJOH *G ZPV OFFE UP VTF BOPUIFS EJBM VQ DPOOFDUJPO GSPN BO *41 *OUFSOFU 4FSWJDF
(FUUJOH $POOFDUFE 5BQ BOE IPME UIF OBNF PG UIF EFTJSFE DPOOFDUJPO UIFO UBQ $POOFDU 5P EJTDPOOFDU BDUJWF EBUB DPOOFDUJPOT 5BQ 4UBSU 1SPHSBNT $PNN .BOBHFS PS UBQ 4UBSU 4FUUJOHT $POOFDUJPOT UBC $PNN .BOBHFS 5BQ UIF %BUB $POOFDUJPO CVUUPO *OUFSOFU &YQMPSFS¡ .PCJMF *OUFSOFU &YQMPSFS .PCJMF JT B GVMM GFBUVSFE *OUFSOFU CSPXTFS PQUJNJ[FE GPS VTF PO ZPVS EFWJDF 5P TUBSU *OUFSOFU &YQMPSFS .
(FUUJOH $POOFDUFE 5P DIBOHF UIF TJ[F PG UFYU PO 8FC QBHFT r *O *OUFSOFU &YQMPSFS .PCJMF UBQ .FOV ;PPN BOE UBQ UIF TJ[F ZPV XBOU 5P DIBOHF IPX 8FC QBHFT GJMM UIF TDSFFO *O *OUFSOFU &YQMPSFS .PCJMF UBQ .FOV 7JFX 5BQ POF PG UIF GPMMPXJOH r 0OF $PMVNO "SSBOHFT UIF DPOUFOU JOUP POF DPMVNO UIBU JT BT XJEF BT UIF TDSFFO 5IJT NFBOT UIBU ZPV XJMM SBSFMZ IBWF UP TDSPMM IPSJ[POUBMMZ r %FGBVMU .
(FUUJOH $POOFDUFE 8JOEPXT -JWF 8JOEPXT -JWF HJWFT ZPV GVMM *OUFSOFU FYQFSJFODF PO ZPVS EFWJDF *U IFMQT ZPV UP GJOE JOGPSNBUJPO QVSTVF ZPVS JOUFSFTUT BOE HFU JO UPVDI XJUI GSJFOET BOE GBNJMZ PO UIF *OUFSOFU FBTJFS 8JOEPXT -JWF PGGFST UIF GPMMPXJOH LFZ GFBUVSFT r -JWF 4FBSDI #BS XIJDI MFUT ZPV TFBSDI GPS JOGPSNBUJPO PO UIF 8FC r -JWF .FTTFOHFS UIF OFYU HFOFSBUJPO PG .4/ .FTTFOHFS .PCJMF r -JWF .
(FUUJOH $POOFDUFE 5IF 8JOEPXT -JWF JOUFSGBDF 0O UIF NBJO JOUFSGBDF PG 8JOEPXT -JWF ZPV XJMM TFF B TFBSDI CBS OBWJHBUJPO CBS BOE BO BSFB XIFSF ZPV DBO DVTUPNJ[F UP TIPX ZPVS QJDUVSF -JWF 4FBSDI #BS 5BQ UIF -FGU PS 3JHIU BSSPX UP TXJUDI CFUXFFO 8JOEPXT -JWF .FTTFOHFS -JWF .BJM BOE 4ZOD TUBUVT 5BQ UP BDDFTT 8JOEPXT -JWF .FTTFOHFS TFUUJOHT 5BQ .
(FUUJOH $POOFDUFE 5P TUBSU BOE FOE DPOWFSTBUJPOT *O UIF DPOUBDU MJTU TFMFDU B DPOUBDU UIFO UBQ 4FOE *. UP PQFO B NFTTBHF TDSFFO &OUFS ZPVS UFYU NFTTBHF JO UIF UFYU FOUSZ BSFB PG UIF NFTTBHF TDSFFO 5P BEE BO FNPUJDPO UBQ .FOV "EE FNPUJDPO UIFO UBQ BO JDPO GSPN UIF MJTU PG FNPUJDPOT 5BQ 4FOE 5P FOE B DPOWFSTBUJPO XJUI UIF DVSSFOU DPOUBDU UBQ .FOV &OE DPOWFSTBUJPO 5JQT r 5P TFOE B GJMF UBQ .
(FUUJOH $POOFDUFE 5P UVSO #MVFUPPUI PO BOE NBLF ZPVS EFWJDF WJTJCMF 0O ZPVS EFWJDF UBQ 4UBSU 4FUUJOHT $POOFDUJPOT UBC #MVFUPPUI .PEF UBC 4FMFDU UIF 5VSO PO #MVFUPPUI BOE .
(FUUJOH $POOFDUFE 5BQ #MVFUPPUI %FWJDFT UBC "EE OFX EFWJDF :PVS EFWJDF TFBSDIFT GPS PUIFS #MVFUPPUI FOBCMFE EFWJDFT BOE EJTQMBZT UIFN 5BQ UIF OBNF PG UIF #MVFUPPUI IFBETFU UIFO UBQ /FYU &OUFS UIF QBTTDPEF PG UIF #MVFUPPUI IFBETFU UIFO UBQ /FYU .
(FUUJOH $POOFDUFE 5P CFBN JOGPSNBUJPO UP B #MVFUPPUI FOBCMFE EFWJDF TVDI BT BOPUIFS 8JOEPXT .PCJMF QPXFSFE EFWJDF GPMMPX TUFQT UP JO UIF BCPWF QSPDFEVSF 5JQT r 5IF EFGBVMU GPMEFS PO ZPVS DPNQVUFS XIFSF CFBNFE JUFNT BSF TUPSFE NBZ CF $ =%PDVNFOUT BOE 4FUUJOHT= ZPVS@VTFSOBNF=.Z %PDVNFOUT JO 8JOEPXT 91 PS $ =6TFST=ZPVS@VTFSOBNF=.
(FUUJOH $POOFDUFE 5P VTF ZPVS EFWJDF BT B #MVFUPPUI NPEFN 'PS UIF DPNQVUFS UP VTF UIF *OUFSOFU DPOOFDUJPO PG ZPVS EFWJDF BDUJWBUF *OUFSOFU 4IBSJOH PO ZPVS EFWJDF BOE UIFO TFU VQ B #MVFUPPUI 1FSTPOBM "SFB /FUXPSL 1"/ CFUXFFO UIF DPNQVUFS BOE ZPVS EFWJDF 0O ZPVS EFWJDF UVSO PO #MVFUPPUI BOE TFU JU UP WJTJCMF NPEF *OJUJBUF B #MVFUPPUI QBSUOFSTIJQ GSPN ZPVS EFWJDF CZ GPMMPXJOH UIF TUFQT JO i5P DSFBUF B #MVFUPPUI QBSUOFSTIJQi JO UIJT TFDUJPO 5BQ 4UBSU 1SPHSBNT *OUFSOFU 4IBSJOH
$IBQUFS &YQFSJFODJOH .VMUJNFEJB $BNFSB $BNFSB "MCVN 1JDUVSFT 7JEFPT 8JOEPXT .FEJB¡ 1MBZFS .
&YQFSJFODJOH .VMUJNFEJB $BNFSB 5BLJOH QIPUPT BOE SFDPSEJOH WJEFP DMJQT BMPOH XJUI BVEJP BSF FBTZ XJUI ZPVS EFWJDF T CVJMU JO DBNFSB 5P PQFO UIF $BNFSB TDSFFO r 1SFTT UIF $".&3" CVUUPO PO ZPVS EFWJDF PS r 5BQ 4UBSU 1SPHSBNT $BNFSB $".
&YQFSJFODJOH .VMUJNFEJB 'JMF GPSNBUT TVQQPSUFE 6TJOH UIF BWBJMBCMF DBQUVSF NPEFT UIF DBNFSB JO ZPVS EFWJDF DBQUVSFT GJMFT JO UIF GPMMPXJOH GPSNBUT $BQUVSF UZQF 'PSNBU 4UJMM JNBHF $POUBDUT 1JDUVSF 1BOPSBNB 4QPSUT #VSTU +1&( 7JEFP .1&( NQ .PUJPO +1&( BWJ ) HQ (11 H $BNFSB DPOUSPMT r 1SFTT $".&3" PS &/5&3 UP UBLF B QIPUP PS DPOUBDUT QJDUVSF r 1SFTT $".&3" PS &/5&3 UP TUBSU SFDPSEJOH WJEFP QSFTT JU BHBJO UP TUPQ SFDPSEJOH r 1SFTT $".
&YQFSJFODJOH .
&YQFSJFODJOH .
&YQFSJFODJOH .VMUJNFEJB *DPO 'VODUJPO "TTJHO UP $POUBDUT "TTPDJBUF UIF QIPUP UP B TFMFDUFE DPOUBDU #SPXTF "GUFS DBQUVSJOH JO 4QPSUT PS #VSTU NPEF UIF UPUBM OVNCFS PG DPOTFDVUJWF TIPUT JT TIPXO JO UIF MPXFS SJHIU DPSOFS PG UIF 3FWJFX TDSFFO 5BQ UIF VQ EPXO BSSPX UP CSPXTF UISPVHI UIF TFRVFODF PG QIPUPT $BNFSB TFUUJOHT 5BQ UIF .
&YQFSJFODJOH .VMUJNFEJB "EWBODFE NFOV r $BQUVSF 'PSNBU 4FMFDU UIF EFTJSFE mMF GPSNBU r 4IVUUFS 4PVOE $IPPTF XIFUIFS PS OPU ZPV XBOU UIF DBNFSB UP NBLF B TIVUUFS TPVOE XIFO ZPV QSFTT UIF &/5&3 PS $".
&YQFSJFODJOH .
&YQFSJFODJOH .
&YQFSJFODJOH .
&YQFSJFODJOH .VMUJNFEJB 'PS NPSF JOGPSNBUJPO BCPVU DPQZJOH BOE NBOBHJOH GJMFT PO ZPVS EFWJDF TFF $IBQUFS 5P WJFX QJDUVSFT %PXO BSSPX 5IF JNBHFT JO UIF .Z 1JDUVSFT GPMEFS BQQFBS BT UIVNCOBJMT CZ EFGBVMU 4FMFDU B QJDUVSF BOE UBQ 7JFX *G ZPV DBOOPU GJOE B QJDUVSF JO UIF EFGBVMU .
&YQFSJFODJOH .VMUJNFEJB 8JOEPXT .FEJB¡ 1MBZFS .PCJMF :PV DBO VTF 8JOEPXT .FEJB¥ 1MBZFS .PCJMF UP QMBZ EJHJUBM BVEJP BOE WJEFP GJMFT UIBU BSF TUPSFE PO ZPVS EFWJDF PS PO B OFUXPSL TVDI BT PO B 8FC TJUF 7JEFP 'JMF 'PSNBUT 4VQQPSUFE 'JMF &YUFOTJPOT 8JOEPXT .FEJB 7JEFP .1&( 4JNQMF 1SPGJMF ) ) .PUJPO +1&( XNW BTG NQ HQ H NQ HQ H N W BWJ "VEJP 'JMF 'PSNBUT 4VQQPSUFE 'JMF &YUFOTJPOT 8JOEPXT .FEJB "VEJP 8"7 .1 .*%* ".3 /BSSPX #BOE ".
&YQFSJFODJOH .VMUJNFEJB "CPVU UIF TDSFFOT BOE NFOVT 8JOEPXT .FEJB¥ 1MBZFS .
&YQFSJFODJOH .VMUJNFEJB 1MBZMJTUT BOE -JCSBSZ -JTU $POUFOU -JTU 4ZOD -JTU 1MBZ NFEJB 6TF UIF -JCSBSZ UP GJOE BOE QMBZ TPOHT WJEFPT BOE QMBZMJTUT UIBU BSF TUPSFE PO ZPVS EFWJDF PS SFNPWBCMF TUPSBHF DBSE 5P VQEBUF UIF -JCSBSZ *G ZPV BSF OPU PO UIF -JCSBSZ TDSFFO UBQ .FOV -JCSBSZ 0O UIF -JCSBSZ TDSFFO UBQ UIF -JCSBSZ BSSPX OFBS UIF UPQ PG UIF TDSFFO UIFO UBQ UIF NFEJB TUPSBHF UIBU ZPV XBOU VTF GPS FYBNQMF 4UPSBHF $BSE *O NPTU DBTFT 8JOEPXT .FEJB¥ 1MBZFS .
&YQFSJFODJOH .VMUJNFEJB &OUFS UIF QMBZMJTU OBNF UIFO UBQ %POF 5P QMBZ CBDL UIF QMBZMJTU ZPV DSFBUFE UBQ .Z 1MBZMJTUT JO UIF -JCSBSZ TFMFDU ZPVS QMBZMJTU UIFO UBQ 1MBZ 5SPVCMFTIPPUJOH *G ZPV FODPVOUFS B QSPCMFN XIJMF VTJOH UIF 8JOEPXT .FEJB¥ 1MBZFS .PCJMF B OVNCFS PG SFTPVSDFT BSF BWBJMBCMF UP IFMQ ZPV USPVCMFTIPPU UIF JTTVF 'PS NPSF JOGPSNBUJPO TFF UIF 5SPVCMFTIPPUJOH 8JOEPXT .FEJB¥ 1MBZFS .PCJMF QBHF BU UIF .
&YQFSJFODJOH .
$IBQUFS .BOBHJOH :PVS %FWJDF "EEJOH BOE 3FNPWJOH 1SPHSBNT 6TJOH 5BTL .BOBHFS 3FTFUUJOH :PVS %FWJDF .BOBHJOH .
.BOBHJOH :PVS %FWJDF "EEJOH BOE 3FNPWJOH 1SPHSBNT #FGPSF ZPV QVSDIBTF BEEJUJPOBM QSPHSBNT GPS ZPVS EFWJDF NBLF TVSF UIBU UIFZ BSF DPNQBUJCMF XJUI ZPVS EFWJDF 5P BEE QSPHSBNT %PXOMPBE UIF QSPHSBN UP ZPVS 1$ PS JOTFSU UIF $% PS EJTL UIBU DPOUBJOT UIF QSPHSBN JOUP ZPVS 1$ :PV NBZ TFF B TJOHMF FYF mMF B [JQ mMF B 4FUVQ FYF mMF PS TFWFSBM WFSTJPOT PG mMFT GPS EJõFSFOU EFWJDF UZQFT BOE QSPDFTTPST #F TVSF UP TFMFDU B QSPHSBN EFTJHOFE GPS ZPVS EFWJDF BOE QSPDFTTPS UZQF 3FBE B
.BOBHJOH :PVS %FWJDF 5P DMPTF SVOOJOH QSPHSBNT GSPN UIF 5BTL .BOBHFS 5BQ UIF 3VOOJOH UBC %P POF PG UIF GPMMPXJOH t 4FMFDU UIF DIFDL CPY PG UIF QSPHSBNT UIBU ZPV XBOU UP DMPTF BOE UIFO UBQ 4UPQ 4FMFDUFE UP DMPTF UIFN t 5BQ 4UPQ "MM UP DMPTF BMM QSPHSBNT JO UIF MJTU t 5BQ .FOV 4UPQ "MM CVU 4FMFDUFE UP DMPTF BMM QSPHSBNT FYDFQU GPS UIPTF XIPTF DIFDL CPYFT BSF TFMFDUFE 5JQ :PV DBO BMTP DMPTF SVOOJOH QSPHSBNT GSPN UIF 2VJDL .FOV PO UIF 5PEBZ TDSFFO 4FF 2VJDL .
.BOBHJOH :PVS %FWJDF )BSE SFTFU :PV DBO BMTP QFSGPSN B IBSE SFTFU BMTP LOPXO BT B GVMM SFTFU " IBSE SFTFU TIPVME CF QFSGPSNFE POMZ JG B OPSNBM SFTFU EPFT OPU TPMWF B TZTUFN QSPCMFN "GUFS B IBSE SFTFU UIF EFWJDF JT SFTUPSFE UP JUT EFGBVMU TFUUJOHT UIF XBZ JU XBT XIFO ZPV GJSTU QVSDIBTFE JU BOE UVSOFE JU PO "OZ QSPHSBNT ZPV JOTUBMMFE EBUB ZPV FOUFSFE BOE TFUUJOHT ZPV DVTUPNJ[FE PO ZPVS EFWJDF XJMM CF MPTU 0OMZ 8JOEPXT .
.BOBHJOH :PVS %FWJDF 8JOEPXT 6QEBUF :PV DBO VQEBUF 8JOEPXT .PCJMF¥ PO ZPVS EFWJDF XJUI TFDVSJUZ QBUDIFT PS GJYFT JG UIFZ BSF BWBJMBCMF 5P TFU VQ 8JOEPXT 6QEBUF 5IF GJSTU UJNF ZPV SVO 8JOEPXT 6QEBUF ZPV OFFE UP TFU VQ IPX ZPV XBOU 8JOEPXT 6QEBUF UP DIFDL GPS QBUDIFT PO UIF .JDSPTPGU 8FC TJUF 5BQ 4UBSU 4FUUJOHT 4ZTUFNT UBC 8JOEPXT 6QEBUF 0O UIF 6QEBUF 4FUVQ TDSFFO UBQ /FYU 4FMFDU IPX ZPV XBOU UP DIFDL GPS VQEBUFT .
.BOBHJOH :PVS %FWJDF #BUUFSZ 4BWJOH 5JQT )PX MPOH ZPVS CBUUFSZ QPXFS MBTUT EFQFOET PO CBUUFSZ UZQF BOE IPX ZPV VTF ZPVS EFWJDF 5SZ UIF GPMMPXJOH UP IFMQ QSFTFSWF CBUUFSZ MJGF r 8IFO UIF EFWJDF JT OPU JO VTF QSFTT 108&3 UP TXJUDI Põ UIF EJTQMBZ r 0QFO UIF 1PXFS 4FUUJOHT TDSFFO CZ UBQQJOH UIF #BUUFSZ JDPO PO UIF 5PEBZ TDSFFO PS CZ UBQQJOH 4UBSU 4FUUJOHT 4ZTUFN UBC 1PXFS 0O UIF "EWBODFE UBC PG UIF 1PXFS TFUUJOHT TDSFFO ZPV DBO TQFDJGZ XIFO ZPVS EFWJDF BVUPNBUJDBMMZ UVSOT Põ
$IBQUFS 6TJOH 0UIFS "QQMJDBUJPOT 7PJDF 4QFFE %JBM
6TJOH 0UIFS "QQMJDBUJPOT 7PJDF 4QFFE %JBM :PV DBO SFDPSE WPJDF UBHT TP UIBU ZPV DBO EJBM B QIPOF OVNCFS PS MBVODI QSPHSBNT TJNQMZ CZ TQFBLJOH B XPSE $SFBUF B WPJDF UBH GPS B QIPOF OVNCFS 5BQ 4UBSU $POUBDUT UP PQFO UIF $POUBDUT MJTU %P POF PG UIF GPMMPXJOH r 5BQ BOE IPME UIF EFTJSFE DPOUBDU UIFO UBQ "EE 7PJDF 5BH r 4FMFDU UIF EFTJSFE DPOUBDU UIFO UBQ .FOV "EE 7PJDF 5BH r 5BQ UIF EFTJSFE DPOUBDU UP PQFO UIF DPOUBDU T EFUBJMFE TDSFFO UIFO UBQ .
6TJOH 0UIFS "QQMJDBUJPOT .
6TJOH 0UIFS "QQMJDBUJPOT
"QQFOEJY " 4QFDJGJDBUJPOT " 3FHVMBUPSZ /PUJDFT " "EEJUJPOBM 4BGFUZ *OGPSNBUJPO
"QQFOEJY " 4QFDJGJDBUJPOT 4ZTUFN *OGPSNBUJPO 1SPDFTTPS 2VBMDPNN .4. .)[ .FNPSZ 30. .# 3". .# %%3 'JHVSFT BSF UIF UPUBM 30. BOE 3". NFNPSZ BWBJMBCMF GPS VTF BOE TUPSBHF 4JODF UIF NFNPSZ JT TIBSFE CZ UIF 0QFSBUJOH 4ZTUFN BQQMJDBUJPOT BOE EBUB UIF BDUVBM BWBJMBCMF NFNPSZ JT MFTT UIBO XIBU JT XSJUUFO 0QFSBUJOH 4ZTUFN 8JOEPXT .
"QQFOEJY $POOFDUJPOT * 0 1PSU )5$ &YU64# QJO NJOJ 64# BOE BVEJP KBDL JO POF 'VMM TQFFE 64# )5$ ) 8JSF TVQQPSU &YU64# JT B QSPQSJFUBSZ DPOOFDUJPO JOUFSGBDF UIBU JT USBEFNBSLFE CZ )5$ 8JSFMFTT $POOFDUJPOT #MVFUPPUI &YUFSOBM "OUFOOB $POOFDUPS 'PS DPOOFDUJOH UP BO FYUFSOBM QIPOF BOUFOOB (14 *OUFSOBM (14 BOUFOOB $POUSPMT BOE -JHIUT /BWJHBUJPO #VUUPOT r )5$ 5PVDI'-0 t 8BZ /"7*("5*0/ $POUSPM &/5&3 CVUUPO t 5XP QIPOF GVODUJPOT 5"-, BOE &/% t 7PMVNF 4MJEFS t $".
"QQFOEJY " 3FHVMBUPSZ /PUJDFT 3FHVMBUPSZ "HFODZ *EFOUJGJDBUJPOT 'PS SFHVMBUPSZ JEFOUJGJDBUJPO QVSQPTFT ZPVS QSPEVDU JT BTTJHOFE B NPEFM OVNCFS PG 70(6 '$$ *% /.
"QQFOEJY 5IF SBUJOHT BSF OPU HVBSBOUFFT 3FTVMUT XJMM WBSZ EFQFOEJOH PO UIF VTFS T IFBSJOH EFWJDF BOE IFBSJOH MPTT *G ZPVS IFBSJOH EFWJDF IBQQFOT UP CF WVMOFSBCMF UP JOUFSGFSFODF ZPV NBZ OPU CF BCMF UP VTF B SBUFE QIPOF TVDDFTTGVMMZ 5SZJOH PVU UIF QIPOF XJUI ZPVS IFBSJOH EFWJDF JT UIF CFTU XBZ UP FWBMVBUF JU GPS ZPVS QFSTPOBM OFFET . 3BUJOHT 1IPOFT SBUFE . PS . NFFU '$$ SFRVJSFNFOUT BOE BSF MJLFMZ UP HFOFSBUF MFTT JOUFSGFSFODF UP IFBSJOH EFWJDFT UIBO QIPOFT UIBU BSF OPU MBCFMFE .
"QQFOEJY 5IF FYQPTVSF TUBOEBSE GPS XJSFMFTT NPCJMF $%.
"QQFOEJY 0UIFS .
"QQFOEJY " "EEJUJPOBM 4BGFUZ *OGPSNBUJPO 5IJT TFDUJPO QSPWJEFT NPSF TBGFUZ JOGPSNBUJPO JO BEEJUJPO UP UIF JOGPSNBUJPO BU UIF CFHJOOJOH PG UIF VTFS NBOVBM 8IFO %SJWJOH %P /PU 6TF 5IF 1$ 'VODUJPOT 0G :PVS 1PDLFU 1$ 8IJMF %SJWJOH 0S 8BMLJOH /FWFS VTF UIF QFSTPOBM DPNQVUFS GVODUJPOT PG ZPVS EFWJDF XIJMF ESJWJOH BO BVUPNPCJMF PS BOZ PUIFS NPWJOH WFIJDMF "MXBZT QVMM PVU PG USBöD BOE DPNF UP B TUPQ JO B MFHBMMZ QFSNJTTJCMF BOE TBGF MPDBUJPO CFGPSF VTJOH ZPVS EFWJDF 'BJMVSF UP EP TP DPVME SFTVMU JO
"QQFOEJY 1"$&.",&34 5IF )FBMUI *OEVTUSZ .
"QQFOEJY 5VSO ZPVS EFWJDF 0'' CFGPSF CPBSEJOH BO BJSDSBGU "MXBZT SFRVFTU BOE PCUBJO QSJPS DPOTFOU BOE BQQSPWBM PG BO BVUIPSJ[FE BJSMJOF SFQSFTFOUBUJWF CFGPSF VTJOH ZPVS EFWJDF BCPBSE BO BJSDSBGU "MXBZT GPMMPX UIF JOTUSVDUJPOT PG UIF BJSMJOF SFQSFTFOUBUJWF XIFOFWFS VTJOH ZPVS EFWJDF BCPBSE BO BJSDSBGU UP QSFWFOU BOZ QPTTJCMF JOUFSGFSFODF XJUI BJSCPSOF FMFDUSPOJD FRVJQNFOU 5VSO 0GG :PVS %FWJDF JO %BOHFSPVT "SFBT #-"45*/( "3&"4 5P BWPJE JOUFSGFSJOH XJUI CMBTUJOH PQFSBUJPOT UVSO ZPVS EFWJDF 0'' XI
"QQFOEJY #BUUFSZ 4BGFUZ :PVS EFWJDF VTFT B SFNPWBCMF BOE SFDIBSHFBCMF MJUIJVN JPO CBUUFSZ 1MFBTF DPOUBDU DVTUPNFS TFSWJDF GPS BTTJTUBODF TIPVME ZPV OFFE B SFQMBDFNFOU CBUUFSZ %0T r 0OMZ VTF UIF CBUUFSZ BOE DIBSHFS BQQSPWFE CZ UIF NBOVGBDUVSFS r 0OMZ VTF UIF CBUUFSZ GPS JUT PSJHJOBM QVSQPTF r 5SZ UP LFFQ CBUUFSJFT JO B UFNQFSBUVSF CFUXFFO ¡' ¡$ BOE ¡' ¡$ r *G UIF CBUUFSZ JT TUPSFE JO UFNQFSBUVSFT BCPWF PS CFMPX UIF SFDPNNFOEFE SBOHF HJWF JU UJNF UP XBSN VQ PS DPPM EPXO CFGPSF VT
"QQFOEJY /FWFS BMMPX BOZ MJRVJET PS XBUFS UP TQJMM PO BO "$ BEBQUFS DIBSHFS XIFO JU JT DPOOFDUFE UP BO "$ QPXFS TPVSDF "MXBZT VTF UIF BVUIPSJ[FE "$ BEBQUFS DIBSHFS UP BWPJE BOZ SJTL PG CPEJMZ JOKVSZ PS EBNBHF UP ZPVS DFMMVMBS QIPOF PS CBUUFSZ /FWFS BUUFNQU UP DPOOFDU PS EJTDPOOFDU UIF "$ BEBQUFS DIBSHFS XJUI XFU IBOET "MXBZT VOQMVH UIF "$ BEBQUFS DIBSHFS GSPN UIF QPXFS TPVSDF CFGPSF BUUFNQUJOH BOZ DMFBOJOH "MXBZT VTF B TPGU DMPUI EBNQFOFE XJUI XBUFS UP DMFBO UIF FRVJQNFOU BGUFS JU IBT CFFO VO
*OEFY " " %1 "DUJWF4ZOD $PNN .
*OEFY 'JMF &YQMPSFS 'JOE DPOUBDU $PNQBOZ %JSFDUPSZ PO EFWJDF 'JOHFS QBOOJOH 'JOHFS TDSPMMJOH 'PSXBSE F NBJM .FTTFOHFS .JDSPTPGU 0GGJDF .PCJMF .VMUJNFEJB .VTJD QMBZCBDL 5PVDI'-0 8JOEPXT .FEJB 1MBZFS .PCJMF .VUF ( / (BNFT (*' BOJNBUJPO /PUFT /PUFT TFBSDI /PX 1MBZJOH TDSFFO 8JOEPXT .FEJB 1MBZFS .PCJMF ) )BSE SFTFU )FMQ )FMQ TFBSDI )PNF )PNF QBHF *OUFSOFU &YQMPSFS )5$ )PNF * *.
*OEFY 3FDPSE WPJDF OPUF WPJDF SFDPSEJOH 3FHJPOBM TFUUJOHT 3FHVMBUPSZ OPUJDFT 3FQMZ F NBJM 3FTFU DMFBS TUPSBHF IBSE SFTFU TPGU SFTFU 3FWJFX TDSFFO $BNFSB 3JOHFS 3JOH UPOF 3JOH UZQF 4 4BWF QJDUVSF GSPN 8FC QBHF 4DSFFO UFYU TJ[F 4FBSDI 4FDVSF .VMUJQVSQPTF *OUFSOFU .BJM &YUFOTJPO 4 .*.& 4FDVSJUZ TFUUJOHT *OUFSOFU &YQMPSFS 4FOE F NBJM UFYU NFTTBHF 4.
*OEFY 7 7FSJGZ EJHJUBM TJHOBUVSF 7JCSBUF 7JEFP DBQUVSF NPEF 7JFX QJDUVSFT 7PJDFNBJM 7PJDF DBMM 7PJDF 3FDPSEFS 7PJDF 4QFFE %JBM DSFBUF WPJDF UBH GPS QIPOF OVNCFS WPJDF UBH GPS QSPHSBN NBLF DBMM PS MBVODI QSPHSBN PWFSWJFX 7PJDF UBH DSFBUF GPS QIPOF OVNCFS GPS QSPHSBN NBLF DBMM PS MBVODI QSPHSBN 7PMVNF 8 8FBUIFS 8FC QBHFT MBZPVU UFYU TJ[F 8JOEPXT -JWF 8JOEPXT -JWF .
