Apr1609Complete

.03& 0/ 4*6%& $0.

1IPUP (BMMFSZ 8BUDI TPVUIFSO *MMJOPJT SFTJEFOUT QSPUFTU UBY EBZ XJUI B 5FB 1BSUZ ] 1VMTF $PMVNO 'JOE PVU XIZ 5XJUUFS JTO U BMXBZT VTFMFTT 1IPUP (BMMFSZ 4FF IJHIMJHIUT PG UIF 4*6 CBTFCBMM UFBN JO 3FOU 0OF 1BSL #MPH 8BST 8IBU TQPSU XPVME ZPV MJLF UP TFF QMBZFE BU 3FOU 0OF 1BSL

5PEBZ )JHI -PX 'SJEBZ )JHI -PX 4BUVSEBZ )JHI -PX

%ĒĚĝĪ &ĘĪġĥĚĒğ 5)634%":

70-6.& /0

063 803% 1"(& (VT #PEF TBZT CFIBWF ZPVSTFMG

"13*-

1"(&4

A3FWPMVUJPO JT CSFXJOH

5FSSZ 0XFOT OBNFE JOUFSJN EJSFDUPS PG $"4" 4UJMF 5 4NJUI %"*-: &(:15*"/ 454 !4*6 &%6

"GUFS NPSF UIBO ZFBST BU 4*6$ 5FSSZ 0XFOT JT SFBEZ UP MFBE UIF $PMMFHF PG "QQMJFE 4DJFODF BOE "SUT BU MFBTU GPS OPX 0XFOT XIP IBE CFFO UIF BTTPDJBUF EFBO PG $"4" TJODF %FD XBT QSFTFOUFE UP UIF GBDVMUZ BT UIF OFX JOUFSJN EFBO "QSJM )F TBJE IF JT MPPLJOH GPSXBSE UP LFFQJOH $"4" VQ UP IJHI TUBOEBSET i*U T HPJOH UP CF B DIBMMFOHF CVU * N MPPLJOH GPSXBSE UP JU w 0XFOT TBJE i8F IBWF HSFBU GBDVMUZ TUBGG BOE TUVEFOUT IFSF .Z DIBMMFOHF JT UP NBLF TVSF UIF QSPHSBN TUBZT VQ UP TUBOEBSET VOUJM XF GJOE B QFSNBOFOU EFBO w 0XFOT TBJE IF XBT OPU JOUFSFTUFE JO CFDPNJOH UIF QFSNBOFOU EFBO 5IF QPTJUJPO PQFOFE XIFO GPSNFS EFBO 1BVM 4BSWFMB MFGU JO 0DUPCFS UP CFDPNF UIF WJDF QSFTJEFOU GPS BDBEFNJD BGGBJST

4&"/ .$(")"/ ] % "*-: & (:15*"/ ,BSFO 3FFEFS PG %F4PUP BOE /BUIBO 4OZEFS PG $BSCPOEBMF QSPUFTU UIF UBY TUSVDUVSF 8FEOFTEBZ BU UIF 5PXO 4RVBSF 1BWJMJPO .PSF UIBO QFPQMF SBOHJOH JO BHF GSPN UP DSPXEFE .BJO 4USFFU XJUI WBSJPVT TJHOT 'FCSVBSZ TQVSSFE CZ $/#$ POBJS FEJUPS 3JDL 4BOUFMMJ XIP TFU PVU UP FYQPTF XIBU IF TBJE XFSF GMBXT JO GFEFSBM TQFOEJOH TQFDJGJDBMMZ .

PSF UIBO QFPQMF HBUIFSFE UIF TUJNVMVT CJMM BOE UIF DPVOUSZ T PO .BJO 4USFFU 8FEOFTEBZ UP VOCBMBODFE CVEHFU QSPUFTU HPWFSONFOU TQFOEJOH 4BOUFMMJ PSJHJOBMMZ DBMMFE GPS B XBWJOH TJHOT UIBU SFBE i#PSO GSFF i$IJDBHP 5FB 1BSUZw UP QSPUFTU PVU CVU UBYFE UP EFBUIw BOE i/PU ZPVST PG DPOUSPM TQFOEJOH CVU UIF FGGPSU UP HJWF w RVJDLMZ TQSFBE BDSPTT UIF OBUJPO 5IF QSPUFTU UIJT UJNF DBMMFE BDDPSEJOH UP IUUQ UBYEBZUFBQBSUZ 5BY %BZ 5FB 1BSUZ XBT QBSU PG B DPN BCPVU 0O 'FC 4BOUFMMJ T OBUJPOXJEF HSBTTSPPUT NPWFNFOU GJSTU UFB QBSUZ CSPVHIU PVU SPVHIMZ UIBU CFHBO XJUI B UFB QBSUZ JO QSPUFTUPST i3FWPMVUJPO JT

#SBOEZ 0YGPSE

%"*-: &(:15*"/ #3"/%: 09'03%!4*6%& $0.

CSFXJOH w UIF 8FC TJUF XBSOT UP TDBSF WPUFST JOUP TVQQPSUJOH $BSCPOEBMF T i5BY %BZw QPMJDJFT UIBU JODSFBTFE UIF CVSEFO QSPUFTUPST TUPPE VOEFS B VOJGZJOH PO XPSLFST )F QSPNJTFE DIBOHF UIFNF UIF HPWFSONFOU JT i8F WF QBTTFE UBY DVUT UIBU XJMM CSFBLJOH UBYQBZFST CBDLT BOE IFMQ PVS FDPOPNZ HSPX w 0CBNB WJPMBUJOH DPOTUJUVUJPOBM MBX CZ TBJE i8F WF NBEF B DMFBS QSPNJTF BDUJOH XJUI JOEJWJEVBM JOUFSFTU XJUI UIBU GBNJMJFT UIBU FBSO MFTT UIBO UIF FDPOPNJD TUJNVMVT QBDLBHF B ZFBS XJMM OPU TFF UIFJS BOE PUIFS TQFOEJOH UBYFT JODSFBTF CZ B TJOHMF EJNF w *O QSFTT SFMFBTF 8FEOFTEBZ 1SFTJEFOU 0CBNB TBJE UIF 4FF 5&" ] HPWFSONFOU JT SFOFXJOH JUT DPNNJUNFOU UP B TJNQMFS UBY 'PS NPSF PO UIF OBUJPOBM DPEF )F TBJE UBYFT IBWF CFFO VTFE QSPUFTUT DIFDL PVU QBHF

4UBUF 4FOBUF QSFTJEFOU )JHIFS FE GVOEJOH XJMM SFRVJSF JODPNF UBY IJLF # SJBO 'FMEU %"*-: &(:15*"/ #'&-%5!4*6%& $0.

* MMJOPJT 4FOBUF 1SFTJEFOU +PIO $VMMFSUPO UPME VOJWFSTJUZ BENJOJTUSBUPST 8FEOFTEBZ UIBU SBJTJOH UIF TUBUF T JODPNF UBY JT IJHIFS FEVDBUJPO T CFTU CFU (PW 1BU 2VJOO QSPQPTFE B QFSDFOU JODPNF UBY JODSFBTF JO IJT CVEHFU BEESFTT MBTU NPOUI XIJDI XPVME IFMQ FSBTF UIF TUBUF T CJMMJPO EFCU BOE GVOE PQFSBUJOH DPTUT GPS IJHIFS FEVDBUJPO $VMMFSUPO % $IJDBHP TBJE UIF JODSFBTF XPVME BMTP IFMQ GVOE B DBQJUBM CJMM XIJDI XPVME CF JODMVEFE JO UIF PQFSBUJOH CVEHFU i5IF XBZ UP HFU NPSF NPOFZ GPS FEVDBUJPO JT UP SBJTF UIF JODPNF UBY w $VMMFSUPO TBJE i5IJOHT XJMM HFU CFUUFS XIFO UIF FDPOPNZ UVSOT BSPVOE w 4FF $6--&350/ ]

*MMJOPJT 4FOBUF 1SFTJEFOU +PIO $VMMFSUPO SJHIU TQFBLT UP /BUBMJF 3FJU[ B KVOJPS TUVEZJOH QIZTJPMPHZ XIPTF GBUIFS JT B TUBUF SFQSFTFOUBUJWF CFGPSF UIF TUBSU PG $VMMFSUPO T TQFFDI 8FEOFTEBZ JO UIF 4UVEFOU $FOUFS #BMMSPPNT -"/& $)3*45*"/4&/ % "*-: & (:15*"/

¶¶8

F IBWF HSFBU GBDVMUZ TUBGG BOE TUVEFOUT IFSF .Z DIBMMFOHF JT UP NBLF TVSF UIF QSPHSBN TUBZT VQ UP TUBOEBSET VOUJM XF GJOE B QFSNBOFOU EFBO

5FSSZ 0XFOT JOUFSJN EFBO PG UIF $PMMFHF PG "QQMJFE 4DJFODF BOE "SUT

*OUFSJN 1SPWPTU %PO 3JDF TBJE IF MPPLFE UP $"4" T GBDVMUZ GPS SFDPNNFOEBUJPOT PG XIP XPVME CF UIF CFTU DIPJDF GPS JOUFSJN EFBO i* HPU B OVNCFS PG SFDPNNFOEBUJPOT UIBU XFSF GPS 5FSSZ JODMVEJOH POF UIBU XBT GSPN UIF FYFDVUJWF DPNNJUUFF PG UIF DPMMFHF w 3JDF TBJE i* UBMLFE UP 5FSSZ BCPVU JU BOE BTLFE IJN JG IF XBT JOUFSFTUFE BOE IF TBJE IF XBT 8F GJOBMMZ HPU FWFSZUIJOH JSPOFE PVU TP JU XBT TBUJTGBDUPSZ BOE XF OBNFE IJN w 3JDF TBJE UIFSF XFSF FYQSFTTJPOT PG JOUFSFTU GSPN UISFF PUIFS DBOEJEBUFT 4BSWFMB TBJE 0XFOT XPVME NBLF B HSFBU EFBO GPS $"4" CFDBVTF PG IJT FYQFSJFODF i)F IBT IBE TP NVDI BENJOJTUSBUJWF FYQFSJFODF JO UIF QBTU w 4BSWFMB TBJE i)F LOPXT UIF PSHBOJ[BUJPO JOTJEF BOE PVU BOE IF T B HSFBU DIPJDF w 4BSWFMB TBJE 0XFOT IBE NBOZ HPPE JEFBT XIJMF UIFZ XPSLFE UPHFUIFS BU $"4" BOE IF XPVME IBWF OP QSPCMFN NBLJOH IJT PQJOJPO LOPXO 3JDF TBJE UIF TFBSDI DPNNJUUFF GPS UIF QFSNBOFOU EFBO IBT CFFO GPSNFE BOE IJT HPBM JT UP GJOE B SFQMBDFNFOU CZ UIF TVNNFS PG 4FF $"4" ]

5IVSTEBZ "QSJM

&#+.; ');26+#0

$"4"

/FXT

3JDF TBJE IF XPVME MFU UIF TFBSDI DPNNJUUFF UBLF JUT UJNF UP GJOE UIF SJHIU QFSTPO GPS UIF KPC 4BSWFMB TBJE IF UIJOLT 0XFOT XPVME DPOUJOVF UP JNQSPWF $"4" T TUSFOHUI JO UFSNT PG FOSPMMNFOU i)F T DFSUBJOMZ HPJOH UP DPOUJOVF UP NBJOUBJO UIF NPNFOUVN PG UIF MBTU DPVQMF PG ZFBST w 4BSWFMB TBJE i)F T HPJOH UP DBSFGVMMZ UBLF B MPPL BU FOSPMMNFOU NBUUFST BOE IF XJMM DPOUJOVF UP NBLF TVSF UIPTF

QSPHSBNT BSF TUSPOH w 0XFOT TBJE UIFSF XPVME CF NVMUJQMF HPBMT UP GPDVT PO BT UIF JOUFSJN EFBO PG $"4" i8F SF GBDJOH NBOZ DIBMMFOHFT SJHIU OPX w 0XFOT TBJE i8F SF GVMMZ FYQFDUJOH UIBU UIFSF XJMM CF B CVEHFU DVU 8F SF TFBSDIJOH GPS XBZT UP CF NPSF FGGJDJFOU 8F OFFE UP NBJOUBJO BOE JODSFBTF FOSPMMNFOU 0VS CJHHFTU DIBMMFOHF SJHIU OPX JT PGG DBNQVT FOSPMMNFOU w

5IF VOJWFSTJUZ JT FTTFOUJBMMZ JO B IPMEJOH QBUUFSO VOUJM UIF -FHJTMBUVSF $0/5*/6&% '30.

DBO GJOF UVOF 2VJOO CVEHFU XIJDI $VMMFSUPO XIP TQPLF UP SPVHIMZ XPVME BMMPDBUF SPVHIMZ NJMMJPO TUVEFOUT GBDVMUZ BOE DJUJ[FOT GPS 4*6 JO GJTDBM ZFBS ‰ JO UIF 4UVEFOU $FOUFS BQQFBSFE NJMMJPO NPSF UIBO UIF VOJWFSTJUZ BT QBSU PG UIF +PIO 8IJUF -FDUVSF SFDFJWFE MBTU ZFBS 4FSJFT BU UIF 1BVM 4JNPO 1VCMJD 1PMJDZ *OTUJUVUF )F TBJE UIF TUBUF IBT QVU IJHIFS SFTTVSFT PO FEVDBUJPO JO B UPVHI QSFEJDBNFOU UIF TUBUF IBT WPXFE UP XJUIIPME VOJWFSTJUJFT UP SBJTF GVOEJOH GSPN IJHIFS FEVDBUJPO JG UVJUJPO DPNF GSPN B VOJWFSTJUJFT EP OPU LFFQ UVJUJPO BU B NJOJNVN CVU IBT GPSDFE JOTUJUVUJPOT GBJMVSF CZ UIF TUBUF UP TVDI BT 4*6$ UP SBJTF UVJUJPO GPS HJWF UIFN NPOFZ GPS ZFBST CFDBVTF PG B MBDL PG GVOEJOH i1SFTTVSFT PO VOJWFSTJUJFT UP PQFSBUJPOT SBJTF UVJUJPO DPNF GSPN B GBJMVSF ‰ +PIO $VMMFSUPO *MMJOPJT 4FOBUF 1SFTJEFOU CZ UIF TUBUF UP HJWF UIFN NPOFZ GPS PQFSBUJPOT w IF TBJE $IBODFMMPS 4BN (PMENBO 4*6 1SFTJEFOU (MFOO 1PTIBSE TBJE TUBUF PGGJDJBMT UPME IJN UIF TBJE BENJOJTUSBUPST IBWF QSFQBSFE VOJWFSTJUZ XPVME IBWF UP DPNQMZ UXP CVEHFU TDFOBSJPT UIBU XPVME XJUI UISFF HVJEFMJOFT UP FBSO TUBUF JOWPMWF B QFSDFOU UVJUJPO BQQSPQSJBUJPOT )F TBJE IJHIFS JODSFBTF GPS JODPNJOH GSFTINFO FEVDBUJPO XPVME IBWF UP LFFQ ‰ POF UIBU JODMVEFT UIF HPWFSOPS T UVJUJPO BU B NJOJNVN FOBDU BOZ QSPQPTFE CVEHFU BOE POF UIBU EPFT BOE BMM FGGJDJFODJFT JO JUT CVEHFUT OPU "ENJOJTUSBUPST BMTP QSFQBSFE BOE HBJO UIF QVCMJD TVQQPSU GPS B B CVEHFU CBTFE PO [FSP UVJUJPO DBQJUBM CJMM JODSFBTFT PS JODSFBTFT JO TUBUF GVOET

KVTU JO DBTF (PMENBO TBJE i8F BSF GBDJOH B WFSZ UJHIU CVEHFU w IF TBJE i*U T HPJOH UP CF B WFSZ EJGGJDVMU ZFBS w (PMENBO TBJE UIF CFTU DBTF TDFOBSJP XPVME CF UIF HPWFSOPS T CVEHFU BT JT $VMMFSUPO TBJE UIBU QSPQPTBM XPVME IJOHF PO QBTTJOH TFWFSBM LFZ WPUFT UP QBTT UBY JODSFBTFT i*U T OPU HPJOH UP CF FBTZ FTQFDJBMMZ XIFO ZPV BSF OPU DBTUJOH BOZ OFX NPOFZ w IF TBJE 1IJMJQ )PX[F B QSPGFTTPS JO -JCSBSZ "GGBJST TBJE B SFDFOU NFFUJOH XJUI TPVUIFSO *MMJOPJT MFHJTMBUPST IBT OPU QBJOUFE B QSFUUZ QJDUVSF GPS VOJWFSTJUZ GVOEJOH )F TBJE UIF VOJWFSTJUZ TIPVME OPU DPVOU PO BOZUIJOH JO UIF HPWFSOPS T CVEHFU CFDBVTF UIF GVOEJOH DPVME HFU TOBUDIFE VQ JO TVDI B DPNQFUJUJWF FOWJSPONFOU i -FHJTMBUPST TFFN UP CF PG UIF MJLF NJOE UIBU UIJT XJMM CF B UPVHI GFX NPOUIT IFSF BOE UIFZ XBOU UP EP UIF CFTU UIFZ DBO CVU VTVBMMZ XIFO TPVUIFSO *MMJOPJT QPMJUJDJBOT DPNF EPXO UIFZ IBWF TPNFUIJOH TPMJE PG XIBU UIFZ XBOU UP EP w IF TBJE i5IBU XBTO U UIF DBTF UIJT UJNF w

$BMFOEBS

$PSSFDUJPOT

$0/5*/6&% '30.

i5IFSF JT OP SFBM TFOTF PG VSHFODZ w 3JDF TBJE i5FSSZ XBT UIF BTTPDJBUF EFBO BOE OPX IF T UIF JOUFSJN EFBO 5IFSF XBT OP CSFBL JO UIF JOTUJUVUJPOBM NFNPSZ * XPVME WFSZ NVDI MJLF TPNFPOF UP CF OBNFE CZ UIF FOE PG UIF OFYU BDBEFNJD ZFBS TP UIFZ DBO CFHJO JO UIF TVNNFS BOE BSF UIFSF GPS UIF GPMMPXJOH BDBEFNJD ZFBS w

$6--&350/

¶¶1

1PMJDF #MPUUFST

4VCNJU DBMFOEBS JUFNT UP UIF %"*-: &(:15*"/ OFXTSPPN $PNNVOJDBUJPOT BU MFBTU UXP EBZT CFGPSF UIF FWFOU

3&"$)*/( 64 1)0/&

"% '"9

&."*- &%*503!4*6%& $0.

*G ZPV TQPU BO FSSPS QMFBTF DPOUBDU UIF %"*-: &(:15*"/ BU FYU

5IFSF BSF OP JUFNT UP SFQPSU BU UIJT UJNF

%&4*(/ $)*&' +".*& %3&/%&-

&95

8&# &%*503

$*5: &%*503 #3"/%: 09'03%

&95

5:-&3 +"$,40/

&95

#64*/&44 "% %*3&$503 +&33: #64)

&95

&%*503 */ $)*&' "--*40/ 1&55:

&95

$".164 &%*503 #3*"/ '&-%5

&95

."/"(*/( &%*503 +&'' &/(&-)"3%5

&95

410354 &%*503 -6*4 $ .&%*/"

&95

"%7&35*4*/( ."/"(&3 ;"$) &/(-6.

&95

70*$&4 &%*503 4"3") -0)."/

&95

&95

16-4& &%*503 -6,& .$$03.*$,

&95

$-"44*'*&% ."/"(&3 "3*"/%& $)".#&34

&95

1*$563& &%*503 -"/& $)3*45*"/4&/

&95

#64*/&44 0''*$& #3"/%* )"33*4

&95

/&8 .&%*" &%*503 +6-*" 3&/%-&."/

&95

#-",& .6-)0--"/%

&95

&95

(3"1)*$4 &%*503 1"#-0 50#0/

&95

$*3$6-"5*0/

&95

8&# "% ."/"(&3 ."55 $308&--

"% 130%6$5*0/ ."/"(&3 5*''"/: $0$)3"/

'"$6-5: ."/"(*/( &%*503 &3*$ '*%-&3

&95

"$$06/5"/5 %&##*& $-":

&95

.*$30 $0.165&3 41&$*"-*45 ,&--: 5)0."4

&95

13*/54)01 461&3*/5&/%&/5

&#+.; ');26+#0

/FXT

5IVSTEBZ "QSJM

1PMJDF GBDF IJSJOH GSFF[F BT EFNBOE SJTFT # BSUPO -PSJNPS %"*-: &(:15*"/ #"350/ -03*.03!4*6%& $0.

" T UIF EFNBOE GPS QPMJDF TFSWJDFT JODSFBTFT B DJUZ IJSJOH GSFF[F XPVME QSFWFOU UIF $BSCPOEBMF 1PMJDF %FQBSUNFOU GSPN IJSJOH UIF NBYJNVN OVNCFS PG QBUSPM PGGJDFST JOUFSJN $IJFG +FGG (SVCCT TBJE 8FEOFTEBZ "U JUT .BSDI NFFUJOH UIF $JUZ $PVODJM BQQSPWFE BO PSEJOBODF UIBU XPVME BMMPX UIF EFQBSUNFOU UP NBJOUBJO B SPTUFS PG VQ UP QBUSPM PGGJDFST (SVCCT TBJE UIF EFQBSUNFOU XPVME GJMM UXP WBDBODJFT JO .BZ CVU UIPTF XPVME CF UIF MBTU OFX IJSFT CFGPSF UIF IJSJOH GSFF[F UBLFT FGGFDU 5IF QPMJDF EFQBSUNFOU IBT PGGJDFST FMJHJCMF GPS TUSFFU QBUSPM IF TBJE i"OZ UJNF ZPV SF VOEFSTUBGGFE JU

QVUT TUSBJO PO QFSTPOOFM w (SVCCT TBJE i8F GFFM TUSPOHMZ XF SF BCMF UP QSPWJEF RVBMJUZ TFSWJDFT w 5IF IJSJOH GSFF[F XBT QSPNQUFE CZ B TIPSUGBMM JO UIF DJUZ T TBMFT UBY DPMMFDUJPO EVSJOH GJTDBM ZFBS $JUZ .BOBHFS "MMFO (JMM XSPUF JO UIF PQFOJOH NFTTBHF GPS UIF QSPQPTFE GJTDBM ZFBS CVEHFU 5IF TIPSUGBMM XBT GVFMFE QSJNBSJMZ CZ UIF FDPOPNJD SFDFTTJPO XIJDI CFHBO SPVHIMZ GPVS NPOUIT BGUFS MBTU ZFBS T CVEHFU XBT FOBDUFE IF TBJE (SVCCT TBJE IF VOEFSTUBOET UIF DJUZ T OFFE UP CF GJTDBMMZ SFTQPOTJCMF CVU JT DPODFSOFE BCPVU UIF FGGFDU UIF IJSJOH GSFF[F DPVME IBWF PO B DPNNVOJUZ EFNBOEJOH BEEJUJPOBM QPMJDF TFSWJDFT "DDPSEJOH UP UIF QSPQPTFE CVEHFU UIF EFQBSUNFOU BOUJDJQBUFT DBMMT CZ UIF FOE PG UIF CVEHFU TFBTPO BO JODSFBTF PG GSPN UIF ZFBS CFGPSF

i5IF QVSQPTF PG UIPTF QBHFT JO UIF CVEHFU JT UP HJWF BO JEFB PG UIF BDUVBM WPMVNF PG XPSL CFJOH GVOEFE w (JMM TBJE JO BO F NBJM i:FT DBMM WPMVNF JO UIF QPMJDF EFQBSUNFOU JT JODSFBTJOH BOE ZPV QSPCBCMZ BMSFBEZ LOPX UIBU JU IBT CFFO B CVTZ ZFBS w 4JODF +BOVBSZ B QBJS PG 'FCSVBSZ NVSEFS JOWFTUJHBUJPOT SFTVMUFE JO UIF BSSFTUT PG UXP $BSCPOEBMF NFO BOE BO PGGJDFS XBT BSSFTUFE JO DPOOFDUJPO XJUI BO 0DUPCFS CBOL SPCCFSZ (SVCCT TBJE OPU BMM PG UIF DBMMT JODMVEFE JO UIF QSPQPTFE CVEHFU XFSF NBEF UP SFQPSU DSJNFT $BSCPOEBMF T DSJNF SBUF JT TUJMM CFMPX MFWFMT GSPN CVU EFNBOE GPS QPMJDF TFSWJDFT TVDI BT UIF )PVTF 8BUDI QSPHSBN JT QSPKFDUFE UP JODSFBTF IF TBJE /FBSMZ NPSF QFPQMF PO WBDBUJPO IBWF BTLFE QPMJDF UP NPOJUPS UIFJS IPNFT TJODF

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i* N OPU DPOWJODFE XF SF SFBMMZ TFSJPVT BCPVU FMJNJOBUJOH UIJT QSPCMFN w -PHXPPE TBJE BCPVU UIF DJUZ T FGGPSU UP TUFFS ZPVOH QFPQMF BXBZ GSPN DSJNF

#ALLS RECEIVED BY #ARBONDALE 0OLICE

&9

&9

&9

%STIMATED 3OURCE 0ROPOSED FISCAL YEAR BUDGET

1"#-0 50#0/ ] % "*-: & (:15*"/ )F TBJE NPSF PGGJDFST BSF OFFEFE UP BQQSPBDI B HSPVQ PG MPJUFSFST IF CFMJFWFT BSF EFBMJOH OBSDPUJDT JO UIF BSFB

'PSNFS *MMJOPJT HPWFSOPS XBOUT UP KPJO SFBMJUZ 57 TIPX $ISJTUPQIFS 8JMMT 5)& "440$*"5&% 13&44

4 1 3 * / ( ' * &-% ‰ +VTU XIFO ZPV UIPVHIU UIF TBHB PG PVTUFE *MMJOPJT (PW 3PE #MBHPKFWJDI DPVMEO U HFU BOZ TUSBOHFS JU IBT #MBHPKFWJDI XBOUT UP TUBS PO UIF /#$ SFBMJUZ TIPX i* N B $FMFCSJUZ (FU .F 0VU PG )FSF w ‰ B QSPHSBN TJNJMBS UP i4VSWJWPSw JO XIJDI DPOUFTUBOUT XJMM CF QMPQQFE EPXO JO UIF $PTUB 3JDBO KVOHMF UP QFSGPSN TXFBUZ QIZTJDBM UBTLT TDIFNF UP BWPJE FMJNJOBUJPO BOE UISPX UBOUSVNT GPS UIF DBNFSB *G B GFEFSBM KVEHF HJWFT QFSNJTTJPO

UIF NBO XIP GBDFT ZFBST JO QSJTPO PO DPSSVQUJPO DIBSHFT DPVME CF GPMMPXJOH JO UIF TUFQT PG 'MBWB 'MBW BOE ,BUIZ (SJGGJO ‰ % MJTU DFMFCSJUJFT XJMMJOH UP QMBZ UIF DMPXO PO 57 1FSIBQT IF XJMM IBWF UP SFUSJFWF JUFNT GSPN B DSPDPEJMF JOGFTUFE TXBNQ MJLF POF QBSUJDJQBOU PO BO FBSMJFS WFSTJPO PG i* N B $FMFCSJUZ w i* N TVSF *MMJOPJT WJFXFST XPVME MPWF UP TFF #MBHPKFWJDI IBWF UP EP TPNFUIJOH MJLF UIBU ‰ FTQFDJBMMZ JG UIF DSPDPEJMFT XJO w TBJE +FOO #SBTMFS BTTPDJBUF FEJUPS PG UIF 8FC TJUF 3FBMJUZ/FXT0OMJOF 'JSTU #MBHPKFWJDI OFFET UP HFU +VEHF +BNFT # ;BHFM UP MFU IJN MFBWF

UIF DPVOUSZ XJUI B QFOEJOH DSJNJOBM DBTF )F XBT PSEFSFE UP TVSSFOEFS IJT QBTTQPSU BGUFS IJT %FDFNCFS BSSFTU PO DIBSHFT UIBU JODMVEFE USZJOH UP TFMM PGG 1SFTJEFOU 0CBNB T WBDBOU 4FOBUF TFBU /PSUIXFTUFSO 6OJWFSTJUZ MBX QSPGFTTPS "OUIPOZ % "NBUP TBJE UIF KVEHF NJHIU CF XJMMJOH UP BQQSPWF UIF QSPKFDU CFDBVTF PG $PTUB 3JDB T TUSPOH FYUSBEJUJPO BHSFFNFOU XJUI UIF 6OJUFE 4UBUFT ‰ NFBOJOH #MBHPKFWJDI DPVME OPU KVTU IPMF VQ UIFSF GPSFWFS #VU UIF EFDJTJPO JT GBS GSPN DFSUBJO QBSUJDVMBSMZ XJUI B KVEHF LOPXO GPS CFJOH TUSJDU #MBHPKFWJDI XIP QMFBEFE OPU HVJMUZ 5VFTEBZ IBT QMFOUZ PO IJT NJOE

XJUIPVU BEEJOH B 57 TIPX UP UIF NJY *MMJOPJT MBXNBLFST JNQFBDIFE IJN BOE CPPUFE IJN GSPN PGGJDF JO +BOVBSZ 4JODF IJT BSSFTU IF IBT BOOPVODFE B EFBM UP XSJUF B CPPL IPTUFE B $IJDBHP SBEJP UBML TIPX BOE NBEF UIF /FX :PSL UBML TIPX DJSDVJU DIBUUJOH JU VQ XJUI FWFSZPOF GSPN %BWJE -FUUFSNBO UP UIF XPNFO PG i5IF 7JFX w #VU UP QFPQMF XIP LOPX #MBHPKFWJDI PS LOPX UIF CVTJOFTT PG SFBMJUZ 57 UIF JEFB PG IJN BQQFBSJOH PO i* N B $FMFCSJUZ w JTO U UFSSJCMZ TIPDLJOH *MMJOPJT 3FQ -PV -BOH B GFMMPX %FNPDSBU TBJE #MBHPKFWJDI OFFET CPUI NPOFZ BOE BUUFOUJPO BOE UFMFWJTJPO

JT B XBZ UP HFU UIFN "QQFBSJOH PO UIF TIPX XJMM HJWF UIF PVU PG XPSL GPSNFS HPWFSOPS TPNF NVDI OFFEFE DBTI GPS IJT MFHBM EFGFOTF -BOH TBJE BOE JU XJMM LFFQ #MBHPKFWJDI JO UIF QVCMJD TQPUMJHIU XIFSF IF DBO SFQFBU IJT DMBJNT PG CFJOH BO JOOPDFOU NBO WJDUJNJ[FE CZ QPMJUJDBM FOFNJFT #MBHPKFWJDI IBT IBE USPVCMF BTTFNCMJOH B EFGFOTF UFBN XIJDI IJT BUUPSOFZ BUUSJCVUFT UP B MBDL PG NPOFZ i* DBO HVBSBOUFF ZPV * XJMM OPU CF XBUDIJOH * UIJOL JU T EJTHVTUJOH w BEEFE -BOH XIP XBT PODF B #MBHPKFWJDI TVQQPSUFS

914.& 0#6+10

5IVSTEBZ "QSJM

/FXT

5IPVTBOET SBMMZ XJUI AUFB QBSUJFT PO UBY EBZ +PF #JFTL

5)& "440$*"5&% 13&44

' 3 " / , ' 0 35 , Z 8IJQQFE VQ CZ DPOTFSWBUJWF DPN NFOUBUPST BOE CMPHHFST UFOT PG UIPV TBOET PG QSPUFTUFST TUBHFE iUFB QBS UJFTw BSPVOE UIF DPVOUSZ 8FEOFTEBZ UP UBQ JOUP UIF DPMMFDUJWF BOHTU TUJSSFE VQ CZ B CBE FDPOPNZ HPWFSONFOU TQFOEJOH BOE CBJMPVUT 5IF SBMMJFT XFSF EJSFDUFE BU 1SFTJEFOU 0CBNB T OFX BENJOJTUSBUJPO PO B TZNCPMJD EBZ UIF EFBEMJOF UP GJMF JODPNF UBYFT 1SPUFTUFST FWFO UISFX XIBU BQQFBSFE UP CF B CPY PG UFB CBHT UPXBSE UIF 8IJUF )PVTF DBVTJOH B CSJFG MPDLEPXO BU UIF DPNQPVOE 4IPVUT SBOH PVU GSPN ,FOUVDLZ XIJDI KVTU QBTTFE UBY JODSFBTFT PO DJHBSFUUFT BOE BMDPIPM UP 4BMU -BLF $JUZ XIFSF NBOZ JO UIF DSPXE CPPFE 3FQVCMJDBO (PW +PO )VOUTNBO GPS BDDFQUJOH BCPVU CJMMJPO JO TUJNVMVT NPOFZ i'SBOLMZ * N NBE BT IFMM w TBJE CVTJOFTTNBO %PVH #VSOFUU BU B SBMMZ BU UIF *PXB $BQJUPM XIFSF NBOZ PG UIF SPVHIMZ QFPQMF XPSF SFE TIJSUT EFDMBSJOH iSFWPMVUJPO JT CSFX JOH w #VSOFUU BEEFE i5IJT DPVOUSZ IBT CFFO PO B TQFOEJOH TQSFF GPS EFDBEFT B TQFOEJOH TQSFF XF DBO U BGGPSE w *O #PTUPO B GFX IVOESFE QSPUFTUFST HBUIFSFE PO UIF #PTUPO $PNNPO B TIPSU EJTUBODF GSPN UIF PSJHJOBM 5FB 1BSUZ TPNF ESFTTFE JO 3FWPMVUJPOBSZ HBSC BOE DBSSZJOH TJHOT UIBU TBJE i#BSOFZ 'SBOL #FSOJF .BEPGG "OE UIF %JGGFSFODF *T w BOE i% $ %JTUSJDU PG $PNNVOJTN w 5IF UFB QBSUJFT XFSF QSPNPUFE CZ 'SFFEPN8PSLT B DPOTFSWBUJWF OPOQSPG JU BEWPDBDZ HSPVQ CBTFE JO 8BTIJOHUPO BOE MFE CZ GPSNFS 3FQVCMJDBO )PVTF .BKPSJUZ -FBEFS %JDL "SNFZ PG 5FYBT XIP JT OPX B MPCCZJTU

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

i"MM ZPV IBWF UP CF JT B NJMEMZ BXBLF 3FQVCMJDBO DBOEJEBUF GPS PGGJDF UP HFU JO GSPOU PG UIBU QBSBEF w TBJE (SPWFS /PSRVJTU QSFTJEFOU PG "NFSJDBOT GPS 5BY 3FGPSN 5IF NPWFNFOU BUUSBDUFE TPNF 3FQVCMJDBOT DPOTJEFSJOH QSFTJ EFOUJBM CJET 'PSNFS )PVTF 4QFBLFS /FXU (JOHSJDI QMBOOFE UP BEESFTT B UFB QBSUZ JO B /FX :PSL $JUZ QBSL

8FEOFTEBZ -PVJTJBOB (PW #PCCZ +JOEBM TFOU BO F NBJM UP IJT TVQQPSU FST MFUUJOH UIFN LOPX BCPVU UFB QBSUJFT UISPVHIPVU UIF TUBUF 4PVUI $BSPMJOB (PW .BSL 4BOGPSE QMBOOFE UP BUUFOE UXP UFB QBSUJFT i5IFSF JT OP TVDI UIJOH BT TP DBMMFE GSFF NPOFZ BOE UIBU JODMVEFT TUJNVMVT w 4BOGPSE UPME TFWFSBM UIPV TBOE QFPQMF PVUTJEF UIF TUBUFIPVTF JO $PMVNCJB 4 $ i1BZJOH EPXO EFCU JT

BO PME "NFSJDBO UIFNF BOE OFWFS B CBE UIJOH w 5IFSF XFSF TFWFSBM TNBMM DPVOUFS QSPUFTUT JODMVEJOH POF UIBU ESFX BCPVU B EP[FO QFPQMF BU 'PVOUBJO 4RVBSF JO $JODJOOBUJ " DPVOUFS QSPUFTUFS IFME B TJHO UIBU SFBE i8IFSF XFSF ZPV XIFO #VTI XBT TQFOEJOH CJMMJPOT B NPOUI AMJCFSBUJOH *SBR w 5IF BOUJ UBY EFNPO TUSBUJPO UIFSF NFBOXIJMF ESFX BCPVU QFPQMF

*SBR TUVEZ &YFDVUJPOT MFBEJOH DBVTF PG EFBUI %&" .FYJDBO DBSUFMT QVTIFE TPVUI ,JN (BNFM

5)& "440$*"5&% 13&44

#"( ) %" % &YFDVUJPO TUZMF LJMMJOHT OPU IFBEMJOF HSBCCJOH CPNCJOHT IBWF CFFO UIF MFBEJOH DBVTF PG EFBUI BNPOH DJWJMJBOT JO UIF *SBR XBS B TUVEZ SFMFBTFE 8FEOFTEBZ TIPXT 5IF GJOEJOHT QVCMJTIFE JO UIF /FX &OHMBOE +PVSOBM PG .FEJDJOF QPJOU UP UIF CSVUBM TFDUBSJBO OBUVSF PG UIF DPOGMJDU XIFSF EFBUI TRVBET PODF SPBNFE UIF TUSFFUT IVOUJOH EPXO NFNCFST PG UIF SJWBM .VTMJN TFDU &TUJNBUFT PG UIF OVNCFS PG DJWJM JBOT LJMMFE JO *SBR WBSZ XJEFMZ 5IF TUVEZ XBT CBTFE PO UIF EBUBCBTF NBJO UBJOFE CZ *SBR #PEZ $PVOU B QSJWBUF HSPVQ UIBU BNPOH PUIFS TPVSDFT VTFT NFEJB SFQPSUT JODMVEJOH UIPTF PG 5IF "TTPDJBUFE 1SFTT 5IF BVUIPST DPODFEF UIF EBUB JT OPU DPNQSFIFOTJWF CVU NBJOUBJO UIBU

UIF TUVEZ QSPWJEFT B SFMJBCMF HBVHF PG IPX *SBRJT IBWF EJFE JO UIF TJY ZFBS DPOGMJDU

¶¶*

UIJOL UIBU B MPU PG UIF FYFDVUJPOT XJUI UPSUVSF IBE UP EP XJUI USZJOH UP HFU QFPQMF UP NPWF PVU PG UIFJS IPVTFT

.JDIBFM 4QBHBU POF PG UIF TUVEZ T BVUIPST

5IF GJOEJOHT BMTP QSPWJEF GVSUIFS FWJEFODF PG UIF CSVUBM TFDUBSJBO DMFBOT JOH BOE SFUBMJBUPSZ WJPMFODF CFUXFFO 4IJJUFT BOE 4VOOJT UIBU QVTIFE UIF DPVOUSZ UP UIF CSJOL PG DJWJM XBS CFGPSF FBTJOH B ZFBS BOE B IBMG BHP i* UIJOL UIBU B MPU PG UIF FYFDVUJPOT XJUI UPSUVSF IBE UP EP XJUI USZJOH UP HFU QFPQMF UP NPWF PVU PG UIFJS

IPVTFT w TBJE .JDIBFM 4QBHBU POF PG UIF TUVEZ T BVUIPST i*U IBE UP TUSJLF GFBS JOUP QFPQMF T IFBSUT " MPU PG JU JT KVTU IBUSFE BOE SFUSJCVUJPO w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

%FWMJO #BSSFUU

5)& "440$*"5&% 13&44

8"4 ) * / (50 / .FYJDBO ESVH DBSUFMT BSF DSFFQJOH TPVUI JOUP $FOUSBM "NFSJDB 6 4 ESVH FOGPSDF NFOU PGGJDJBMT TBJE 8FEOFTEBZ BT UIF 0CBNB BENJOJTUSBUJPO QVU OFX QSFT TVSF PO ESVH LJOHQJOT BIFBE PG UIF QSFTJEFOU T USJQ UP .FYJDP $JUZ %SVH &OGPSDFNFOU "ENJOJTUSBUJPO PGGJDJBMT TBJE UIFSF BSF HSPXJOH TJHOT UIF TUFQQFE VQ MBX FOGPSDFNFOU FGGPSUT PO UIF 6 4 .FYJDP CPSEFS BSF ESJWJOH UIF DBSUFMT TPVUI UPXBSE $FOUSBM "NFSJDB i8F SF MPPLJOH BU XIBU IBQQFOT TPVUI PG .FYJDP BT XFMM CFDBVTF UIBU T KVTU BT JNQPSUBOU BT XIBU T IBQQFOJOH PO PVS CPSEFS w TBJE %&" $IJFG PG 0QFSBUJPOT 5IPNBT )BSSJHBO i8JUI NPSF BOE NPSF TVDDFTT UIF .FYJDBO HPWFSONFOU IBT MJUFSBMMZ UIFZ SF QVTIJOH UIFTF DBSUFMT

GVSUIFS TPVUI BOE QPUFOUJBMMZ JU DPVME CF B QSPCMFN JO $FOUSBM "NFSJDB w *U T BMSFBEZ IBQQFOJOH TBJE "OUIPOZ 1MBDJEP UIF %&" T DIJFG PG JOUFMMJHFODF 5IFSF IBWF CFFO TJHOJGJDBOU TFJ[VSFT PG DBSUFM XFBQPOSZ JO (VBUFNBMB BOE TIPPUPVUT BNPOH .FYJDBO DBSUFMT XJUI PQFSBUJPOT JO $FOUSBM "NFSJDBO DPVOUSJFT 5IF DBSUFMT iEFGJOJUFMZ IBWFw NPWFE TPVUI TBJE 1MBDJEP i8F WF TFFO SVOOJOH HVO CBU UMFT JO QMBDFT MJLF (VBUFNBMB BOE )POEVSBT CFUXFFO SJWBM .FYJDBO DBSUFMT w IF TBJE -BTU NPOUI JO BO BQQFBS BODF CFGPSF $POHSFTT 6 4 4UBUF %FQBSUNFOU PGGJDJBM %BWJE +PIOTPO TBJE UIBU $FOUSBM "NFSJDBO PGGJDJBMT iIBWF JEFOUJGJFE HBOHT ESVH USBGGJDL JOH BOE USBGGJDLJOH PG BSNT BT UIF NPTU QSFTTJOH TFDVSJUZ DPODFSOT JO UIBU SFHJPO w

*ģĒğ

*ģĒğ

(ĖģĞĒğĪ

" ė Ę ę Ē ğ Ě Ĥ ĥĒ ğ

* 4'")" / "1 *SBOJBO TDJFOUJTUT IBWF DMPOFE B HPBU BOE QMBO GVUVSF FYQFSJNFOUT UIFZ IPQF XJMM MFBE UP B USFBUNFOU GPS TUSPLF QBUJFOUT UIF MFBEFS PG UIF SFTFBSDI TBJE 8FEOFTEBZ 5IF GFNBMF HPBU OBNFE )BOB XBT CPSO FBSMZ 8FEOFTEBZ JO UIF DJUZ PG *TGBIBO JO DFOUSBM *SBO TBJE %S .PIBNNFE )PTTFJO /BTS F *TGBIBOJ IFBE PG UIF 3PZBO 3FTFBSDI *OTUJUVUF i8JUI UIF CJSUI PG )BOB *SBO JT BNPOH GJWF DPVO USJFT JO UIF XPSME DMPOJOH B CBCZ HPBU w TBJE *TGBIBOJ BO FNCSZPMPHJTU *O *SBO CFDBNF UIF GJSTU DPVOUSZ JO UIF .JEEMF &BTU UP BOOPVODF JU IBE DMPOFE B TIFFQ

5 & ) 3 " / " 1 1SFTJEFOU .BINPVE "INBEJOFKBE TBZT *SBO JT QSFQBSJOH B OFX QBDL BHF PG QSPQPTBMT BJNFE BU SFTPMWJOH EJTQVUFT PWFS JUT OVDMFBS QSPHSBN )F IBT BMTP WPXFE UIBU *SBO XJMM OPU BMMPX UIF 6OJUFE 4UBUFT BOE JUT BMMJFT UP JNQPTF UIFJS XJMM PO 5FISBO "EESFTTJOH UIPVTBOET PG *SBOJBO DJUJ[FOT JO ,FSNBO TPVUIFBTUFSO *SBO 8FEOFTEBZ "INBEJOFKBE TBJE *SBO XFMDPNFT EJBMPHVF XJUI UIF XPSME QPXFST QSPWJEFE UIBU JU JT CBTFE PO KVTUJDF BOE SFTQFDU TVH HFTUJOH UIF 8FTU TIPVME OPU USZ UP GPSDF JU UP IBMU JUT VSBOJVN FOSJDINFOU QSPHSBN

7*- 4& $ , "1 " 6 4 "SNZ TPMEJFS XBT DPO WJDUFE 8FEOFTEBZ PG NVSEFS JO UIF FYFDVUJPO TUZMF TMBZ JOHT PG GPVS CPVOE BOE CMJOEGPMEFE *SBRJ EFUBJOFFT 5IF QSPTFDVUJPO TBJE .BTUFS 4HU +PIO )BUMFZ BDUFE BT iKVEHF KVSZ BOE FYFDVUJPOFSw UP IBUDI UIF QMPU BOE DBSSZ PVU UIF LJMMJOHT JO TQSJOH )BUMFZ BOE UXP PUIFST UPPL UIF EFUBJOFFT UP B DBOBM JO #BHIEBE T 8FTU 3BTIFFE OFJHICPSIPPE XIFSF UIFZ TIPU UIFN JO UIF CBDL PG UIF IFBE XJUI NN QJTUPMT UIF QSPTFDVUJPO TBJE "O FJHIU TUSPOH NJMJUBSZ KVSZ GPVOE )BUMFZ HVJMUZ PG QSFNFEJUBUFE NVSEFS BOE DPOTQJSBDZ UP DPNNJU QSF NFEJUBUFE NVSEFS BGUFS B UISFF EBZT PG QSPDFFEJOHT

, " # 6 - " 1 %P[FOT PG ZPVOH XPNFO CSBWFE DSPXET PG CFBSEFE NFO TDSFBNJOH iEPHT w PO 8FEOFTEBZ UP QSPUFTU BO "GHIBO MBX UIBU MFUT IVTCBOET EFNBOE TFY GSPN UIFJS XJWFT 4PNF PG UIF NFO QJDLFE VQ TNBMM TUPOFT BOE QFMUFE UIF XPNFO i4MBWFT PG UIF $ISJTUJBOT w DIBOUFE UIF PS TP DPVOUFS EFNPOTUSBUPST B NJY PG NFO BOE XPNFO " MJOF PG GFNBMF QPMJDF PGGJDFST MPDLFE IBOET UP LFFQ UIF HSPVQT BQBSU 5IF XBSSJOH QSPUFTUT IJHIMJHIU UIF FYQMPTJWF OBUVSF PG UIF XPNFO T SJHIUT EFCBUF JO "GHIBOJTUBO #PUI TJEFT BSF HJSEJOH GPS CBUUMF PWFS UIF MFHJTMBUJPO

8*3& 3&10354

$MPOFE HPBU MFBET RVFTU GPS /FX QSPQPTBMT GPS OVDMFBS EJTQVUF 6 4 "SNZ TPMEJFS DPOWJDUFE PWFS "GHIBO XPNFO BUUBDLFE GPS BEWBODFE TDJFODF UFDIOPMPHZ CFJOH QSFQBSFE *SBR EFBUIT QSPUFTUJOH NBSSJBHF MBX

&#+.; ');26+#0

/FXT

5IVSTEBZ "QSJM

4PSPSJUZ QVMMT UPHFUIFS UP TVQQPSU TJTUFS .FNCFST SBJTF OFBSMZ GPS CSFBTU DBODFS XBML 4UJMF 5 4NJUI %"*-: &(:15*"/ 454 !4*6 &%6

"GUFS ,FMMZ 5IFFTGFME T NPUIFS EJFE IFS TJTUFST DBNF UPHFUIFS UP IFMQ IFS HSJFWF 4JHNB ,BQQB 4PSPSJUZ SBJTFE 8FEOFTEBZ JO TVQQPSU PG ,FMMZ 5IFFTGFME XIPTF NPUIFS (BMF EJFE PG CSFBTU DBODFS .BSDI 5IF XPNFO TQPOTPSFE UIF BMM EBZ FWFOU BU UIFJS TPSPSJUZ IPVTF XIFSF UIFZ TPME QMBUFT PG TQBHIFUUJ GPS 5IFFTGFME B TFOJPS GSPN (JMNBO TUVEZJOH CVTJOFTT BENJOJTUSBUJPO BOE GBTIJPO NFSDIBOEJTJOH TBJE TIF XBT BTUPOJTIFE BU XIBU IFS TPSPSJUZ EJE GPS IFS i5IFTF HJSMT NFBO TP NVDI UP NF w 5IFFTGFME TBJE i* OFWFS UIPVHIU UIBU BOZPOF XPVME UIJOL UP EP UIJT GPS NF w ,SZTUJO .D%FSNPUU B TPQIP NPSF GSPN (VSOFF TUVEZJOH TQF DJBM FEVDBUJPO TBJE UIF NPOFZ XBT SBJTFE GPS 5IFFTGFME UP QBSUJDJQBUF JO UIF "WPO 8BML GPS #SFBTU $BODFS JO $IJDBHP +VOF BOE 1BSUJDJQBOUT BSF SFRVJSFE UP SBJTF B NJOJNVN PG BOE .D%FSNPUU TBJE UIF FYUSB NPOFZ SBJTFE XPVME HP UP 5IFFTGFME T BVOU 5BNNZ -VDIU .D%FSNPUU XIP IFMQFE PSHBOJ[F UIF TQBHIFUUJ EJOOFS TBJE TIF UIPVHIU JU XBT JNQPSUBOU UP IFMQ IFS GSJFOE i8F KVTU XBOUFE UP CF UIFSF GPS IFS CFDBVTF XF SF TJTUFST w .D%FSNPUU

¶¶8

F KVTU XBOUFE UP CF UIFSF GPS IFS CFDBVTF XF SF TJTUFST

‰ ,SZTUJO .D%FSNPUU TPQIPNPSF GSPN (VSOFF TUVEZJOH TQFDJBM FEVDBUJPO

+".&4 %63#*/ ] % "*-: & (:15*"/ "TIUPO 5FSSZ B KVOJPS GSPN .U 7FSOPO TUVEZJOH HFPMPHZ IVHT ,FMMZ 5IFFTGFME B TFOJPS GSPN (JMNBO TUVEZJOH GBTIJPO EFTJHO NFSDIBOEJTJOH XJUI IFS GFMMPX 4JHNB ,BQQB TPSPSJUZ TJTUFST BGUFS QSFTFOUJOH 5IFFTGFME XJUI B DIFDL GPS 8FEOFTEBZ BU UIF 4JHNB ,BQQB )PVTF PO (SFFL 3PX 5IF TPSPSJUZ IFME B TQBHIFUUJ EJOOFS 8FEOFTEBZ UIBU UIFZ LFQU TFDSFU GSPN 5IFFTGFME XIPTF NPUIFS EJFE PG CSFBTU DBODFS PO .BSDI 5IF EJOOFS SBJTFE NPOFZ UP QBZ GPS 5IFFTGFME UP QBSUJDJQBUF JO UIF "WPO 8BML GPS #SFBTU $BODFS JO $IJDBHP PO +VOF TBJE i* UIJOL JU NFBOT B MPU CFDBVTF XF SF UIFSF GPS IFS BOE UIBU T XIBU TJTUFST BSF TVQQPTFE UP CF w .D%FSNPUU TBJE NFNCFST PG 4JHNB ,BQQB IBWF IFMQFE 5IFFTGFME UISPVHI UIF XBLF BOE GVOFSBM .FHBO -FPOBSE B TPQIPNPSF GSPN 4QSJOHGJFME TUVEZJOH CJPMPHJ DBM TDJFODF TBJE 5IFFTGFME T SFBD UJPO XBT XPSUI BMM UIF FGGPSU i4IF IBE OP JEFB BOE XF WF CFFO QMBOOJOH JU GPS BCPVU UXP XFFLT TUSBJHIU w -FPOBSE TBJE

5IF "WPO 8BML GPS #SFBTU $BODFS JT B UXP EBZ FWFOU +VOF BOE JO $IJDBHP 5IF XBML MBTUT NJMFT .POFZ SBJTFE BMMPXT NFEJ DBMMZ VOEFSJOTVSFE NFO BOE XPNFO UP SFDFJWF UIF TDSFFOJOH TVQQPSU BOE USFBUNFOU UIFZ OFFE .D%FSNPUU TBJE UIF GVOESBJTJOH FGGPSUT XFSF OPU EPOF ZFU CFDBVTF 4JHNB ,BQQB BEWJTFST BOE QBSFOUT PG TPNF PG UIF NFNCFST TUJMM QMBO UP NBLF EPOBUJPOT .D%FSNPUU TBJE JU XBT FYUSFNF

MZ EJGGJDVMU UP XBUDI BT IFS CFTU GSJFOE XFOU UISPVHI UIF MPTT PG IFS NPN i5IF IBSEFTU QBSU JT OPU CFJOH BCMF UP IFMQ IFS w .D%FSNPUU TBJE i" MPU PG VT IBWFO U HPOF UISPVHI UIF TBNF UIJOH TIF EJE BOE JU T TPNFUIJOH UIBU T PCWJPVTMZ IBSE UP TFF ZPVS CFTU GSJFOE HP UISPVHI * UIJOL UIBU UIF CJHHFTU UIJOH XF DBO EP JT TVQQPSU IFS JO FWFSZUIJOH UIBU TIF T EPJOH BOE KVTU CF UIFSF GPS IFS w

(BMF .D%FSNPUU TBJE 5IFFTGFME CBUUMFE CSFBTU DBODFS GPS GPVS ZFBST ,FMMZ 5IFFTGFME TBJE TIF XBT HSBUFGVM UP FWFSZPOF XIP EPOBUFE CFDBVTF TIF IBE CFFO USZJOH UP UIJOL PG XBZT UP SBJTF FOPVHI NPOFZ i8JUI FWFSZUIJOH UIBU KVTU IBQQFOFE * IBEO U SFBMMZ UIPVHIU BCPVU JU NVDI w 5IFFTGFME TBJE i5IJT EFGJOJUFMZ UBLFT B MPU PGG PG NF BOE * KVTU DBO U HFU PWFS IPX NVDI * MPWF UIFTF HJSMT w

7Ġ Ě Ĕ Ė Ĥ %" * -: & ( : 1 5 * " /

&#+.; ');26+#0 '&+614+#. $1#4& #NNKUQP 2GVV[ ' &+614 +0 % *+'( .CPG %JTKUVKCPUGP 2 *161 ' &+614

,GHH 'PIGNJCTFV / #0#)+0) ' &+614

$TKCP (GNFV % #/275 ' &+614

,COKG &TGPFGN & '5+)0 % *+'(

$TCPF[ 1ZHQTF % +6; ' &+614

.WKU /GFKPC 5 21465 ' &+614

5CTCJ .QJOCP 8 1+%'5 ' &+614 .WMG /E%QTOKEM 5GCP /E)CJCP 2 7.5' ' &+614 0 '95411/ 4 '24'5'06#6+8'

#24+.

063 803%

3716' 1( 6*' &#;

9G JCXG JGTG C NKOD ²PQV VJG DTCKP QH VJKU VGT TQTKUV QTICPK\CVKQP ³ 3BLFTI .BSJB BO *OEJBO EFUFDUJWF PO UIF MJNJUFE WBMVF PG UFTUJNPOZ GSPN "KNBM "NJS ,BTBC UIF MPOF TVSWJWJOH HVONBO GSPN UIF .VNCBJ BUUBDLT XIPTF USJBM JT CFHJOOJOH JO B CPNC QSPPG DPVSUSPPN

"CPVU 6T

6JG &#+.; ');26+#0 KU RWDNKUJGF D[ VJG UVWFGPVU QH 5QWVJGTP +NNKPQKU 7PKXGTUKV[ CV %CTDQPFCNG YKVJ HCNN CPF URTKPI EKTEWNCVKQPU QH (TGG EQRKGU CTG FKUVTKDWVGF QP ECORWU CPF KP VJG %CTDQPFCNG /WTRJ[UDQTQ CPF %CTVGTXKNNG EQOOWPKVKGU

& E J U P S J B M 1P M J D Z

1WT 9QTF KU VJG EQPUGPUWU QH VJG &#+.; ');26+#0 'FKVQTKCN $QCTF QP NQECN PCVKQPCN CPF INQDCN KUUWGU CHHGEVKPI VJG 5QWVJGTP +NNKPQKU 7PKXGTUKV[ EQOOWPKV[ 8KGYRQKPVU GZRTGUUGF KP EQNWOPU CPF NGVVGTU VQ VJG GFKVQT FQ PQV PGEGUUCTKN[ TG¿ GEV UIPTF PG UIF %ĒĚĝĪ &ĘĪġĥĚĒğ

/PUJDF

6JG &#+.; ');26+#0 KU C ²FGUKIPCVGF RWDNKE HQTWO ³ 5VWFGPV GFKVQTU JCXG CWVJQTKV[ VQ OCMG CNN EQPVGPV FGEKUKQPU YKVJQWV EGPUQTUJKR QT CFXCPEG CRRTQXCN 9G TGUGTXG VJG TKIJV VQ PQV RWDNKUJ CP[ NGVVGT QT IWGUV EQNWOP

4VCNJTTJPOT

.GVVGTU CPF IWGUV EQNWOPU OWUV DG UWDOKVVGF YKVJ CWVJQTµU EQPVCEV KPHQTOCVKQP RTGHGTCDN[ XKC G OCKN 2JQPG PWODGTU CTG TGSWKTGF VQ XGTKH[ CWVJQTUJKR DWV YKNN PQV DG RWDNKUJGF .GVVGTU CTG NKOKVGF VQ YQTFU CPF EQNWOPU VQ YQTFU 5VWFGPVU OWUV KPENWFG [GCT CPF OCLQT (CEWNV[ OWUV KPENWFG TCPM CPF FGRCTVOGPV 0QP CECFGOKE UVCHH OWUV KPENWFG RQUKVKQP CPF FGRCTVOGPV 1VJGTU KPENWFG JQOGVQYP 5WDOKUUKQPU UJQWNF DG UGPV VQ XQKEGU"UKWFG EQO

1VCMJTIJOH *OGP

6JG &#+.; ');26+#0 KU RWDNKUJGF D[ VJG UVWFGPVU QH 5QWVJGTP +NNKPQKU 7PKXGTUKV[ 1H¾ EGU CTG KP VJG %QOOWPKECVKQPU $WKNFKPI 4QQO CV 5QWVJGTP +NNKPQKU 7PKXGTUKV[ CV %CTDQPFCNG %CTDQPFCNG +. $KNN (TGKXQIGN ¾ UECN QH¾ EGT

$PQZSJHIU *OGP

&#+.; ');26+#0 #NN TKIJVU TGUGTXGF #NN EQPVGPV KU RTQRGTV[ QH VJG &#+.; ');26+#0 CPF OC[ PQV DG TGRTQFWEGF QT VTCPUOKVVGF YKVJQWV EQPUGPV 6JG &#+.; ');26+#0 KU C OGODGT QH VJG +NNKPQKU %QNNGIG 2TGUU #UUQEKCVKQP #UUQEKCVGF %QNNGIKCVG 2TGUU CPF %QNNGIG /GFKC #FXKUGTU +PE

(FU PVU PG UIF DPSOFS BOE HFU TPNF XPSL EPOF *OUFSJN 1SPWPTU %PO 3JDF IBE UP TFOE UIF TFBSDI DPNNJUUFF GPS B OFX FOHJOFFSJOH EFBO UP UIF DPSOFS 8IZ #FDBVTF UIFZ DPVMEO U HFU BMPOH 5IF %ĒĚĝĪ &ĘĪġĥĚĒğ JT BQQBMMFE UIBU B DPNNJUUFF UP GJOE B OFX EFBO IBE UP CF EJTCBOEFE CFDBVTF JU XBT TP EZTGVODUJPOBM 8IFO 3JDF SFGPSNFE UIF DPN NJUUFF UP FYQFEJUF UIF QSPDFTT TP B OFX EFBO DPVME CF GPVOE CZ UIF GBMM TFNFTUFS TFWFSBM PG UIF VOIBQ QZ DPNNJUUFF NFNCFST MFGU /PX JG FWFSZ TUVEFOU IBT POMZ MFBSOFE POF UIJOH CZ UIJT NPNFOU JO IJT PS IFS FEVDBUJPO JU JT UIBU DPPQFSBUJPO JT JNQPSUBOU $PNNJUUFFT BSF WFSZ JNQPSUBOU UP UIJT VOJWFSTJUZ 5IFZ BSF PGUFO

UIF FBTJFTU XBZ UP DPOEVDU B TFBSDI BOE JOTVSF UIBU BMM BQQMJDBCMF QBS UJFT IBWF JOQVU *G UIJT VOJWFSTJUZ T DPNNJUUFFT DBOOPU MFBSO UP GVOD UJPO UPXBSE B KPJOU HPBM OPOF PG PVS BENJOJTUSBUJWF QPTJUJPOT XJMM CF GJMMFE JO UIF UJNFMZ NBO OFS UIFZ TIPVME CF 5IF %ĒĚĝĪ &ĘĪġĥĚĒğ UIJOLT UIBU GJMMJOH UIFTF QPTJUJPOT XPVME CF B CJH TUFQ JO UIF SJHIU EJSFDUJPO CVU EJTCBOEJOH BOE SFGPSNJOH DPNNJUUFFT XIPTF NFNCFST UVSO BSPVOE BOE RVJU JT EFGJOJUFMZ B TUFQ PS UXP CBDLXBSE 4P DPNNJUUFF NFNCFST QMFBTF USZ ZPVS IBSEFTU UP HFU UIF UBTL BU IBOE DPNQMFUFE JO B UJNFMZ BOE UIPSPVHI NBOOFS 5IJT JT UPP JNQPSUBOU GPS DIJMEJTI CJDLFSJOH BOE QPVUJOH 1MVT OP POF MJLFT UP HFU TFOU UP UIF DPSOFS

4"77: 803%4

+": 30--*/4 ] % "*-: & (:15*"/

(6&45 $0-6./

5JNF GPS FRVBM 'JHIUJOH DBODFS PQQPSUVOJUZ OVEJUZ "VESB 0SE

(6&45 $0-6./*45

$IVDL w TIPXFE CSFBTUT UISPVHI BU MFBTU QFSDFOU PG UIF NPWJF +"/" )6()&4 CVU JO UIF NPWJF i'PSHFUUJOH 4BSBI .BSTIBMM w +BTPO 4FHFM XBT POMZ KMIVHIFT !

OBLFE GPS BMM PG UISFF TFDPOE ZBIPP DPN DMJQT 8IZ JT JU 0, GPS B XPNBO JO * MPWF UP XBUDI B HPPE NPWJF NPWJFT UP TIPX GVMM GSPOUBM OVEJUZ * MPWF DBS DIBTF TDFOFT FYQMPEJOH CVU JU JT OPU 0, GPS NFO * CFMJFWF CVJMEJOHT BOE TPNF HSFBU BDU PG XF IBWF CFDPNF TP EFTFOTJUJ[FE UP IFSPJTN PS EFDFQUJPO 8IJMF OPUI XPNFO T CPEZ QBSUT UIBU XIFO UIFZ JOH CFBUT NPWJF OJHIUT * IBUF IPX BSF JO GSPOU PG VT XF UVOF UIFN PVU NBOZ GJMNT DPOTUBOUMZ TFYVBMJ[F BOE BT JG JU JT OPU B CJH EFBM FYQPTF XPNFO CVU OPU NFO %PFT UIJT NFBO UIBU XF IPME UIF NBMF CPEZ 8IFO * HP UP CF NPSF UP TFF BO 3 TBDSFE UIBO SBUFE NPWJF * FYQFDU JU XJMM GFNBMFT 0S IBWF B TFY TDFOF JT JU KVTU UIBU PS UXP CVU UIFSF BSF NPSF NBMF EJSFDUPST NBOZ PG UIFN UIBO UIFSF BSF BSF GVMM PG SBO GFNBMF EJSFD EPNMZ QMBDFE UPST UPQMFTT XPNFO &WFO JO B 1( 4PNF NBZ NPWJF NPSF BSHVF UIBU UIF XPNFO T BOBU UIBO MJLFMZ PNZ JT NPSF UIFSF XJMM CF BUUSBDUJWF UIBO TPNF UZQF PG NFO T 5IFTF TFYVBM JOOVFO EPT BOE XPNFO BSF BMM WFSZ ESFTTFE BT DMPTF UP UIFJS CJSUIEBZ TFYJTU BOE CJBTFE BSHVNFOUT *G XF TVJUT BT QPTTJCMF 8F SF MVDLZ JG XF TIPX XPNFO T CPEJFT UIFO JU JT TFF B TIJSUMFTT NBO EVSJOH POF PG POMZ GBJS GPS NFO T CPEJFT CF TIPXO UIFTF NPWJFT BT XFMM %JSFDUPST TIPVME EFGJOJUFMZ .Z QPJOU JT UIBU UIFSF JT BMXBZT XPSL IBSEFS PO USZJOH UP FJUIFS TPNF UZQF PG TFYVBMJ[BUJPO PG XPNFO NJOJNJ[F PS FRVBMJ[F OVEJUZ 8F TIPVME OPU PWFS TFYVBMJ[F JO UIFTF GJMNT 5IFSF BSF TPNF GJMNT XIFSF NFO T CPEJFT BSF TIPXO GVMM PS PCKFDUJGZ NFO PS XPNFO CVU JG GSPOUBM CVU JU JT BMXBZT B WFSZ CSJFG XF IBWF UP LFFQ MJWJOH JO B TPDJFUZ TIPU PS KVTU B HMJNQTF 8PNFO T XIFSF TFY TFMMT XF TIPVME BU MFBTU TFF FRVBM BNPVOUT PG CPUI OVEF TDFOFT BSF VTVBMMZ MPOHFS 5IJT JT FTQFDJBMMZ USVF PG 3 SBUFE DPNFEJFT 5IF NPWJF i(PPE -VDL )VHIFT JT B TFOJPS TUVEZJOH KPVSOBMJTN

9G UJQWNF PQV QXGT UGZWCNK\G QT QDLGEVKH[ OGP QT YQOGP DWV KH YG JCXG VQ MGGR NKXKPI KP C UQEKGV[ YJGTG UGZ UGNNU YG UJQWNF CV NGCUV UGG GSWCN COQWPVU QH DQVJ

:PV IBWF DBODFS 5ISFF XPSET OP POF XBOUT UP IFBS CVU VOGPSUVOBUFMZ NBOZ PG VT XJMM POF EBZ IBWF UP GBDF UIJT IFBSU CSFBLJOH EJBHOPTJT *O UIF 6OJUFE 4UBUFT NFO IBWF TMJHIUMZ MFTT UIBO B POF JO UXP DIBODF PG EFWFMPQJOH DBODFS JO UIFJS MJGFUJNF UIF PEET GPS XPNFO BSF B MJUUMF NPSF UIBO POF JO UISFF *O NPSF UIBO NJMMJPO QFPQMF XFSF EJBHOPTFE XJUI DBODFS BOE "NFSJDBOT BSF FYQFDUFE UP EJF PG UIF EJTFBTF UIJT ZFBS 5IBU T B MJUUMF NPSF UIBO POF QFSTPO FBDI NJOVUF $BODFS JT OPU B EJTDSJNJOBUPSZ EJTFBTF JU BGGFDUT FWFSZPOF UIF ZPVOH UIF PME UIF IFBMUIZ UIF MJGFMPOH TNPLFST NFO BOE XPNFO PG FWFSZ SBDF BOE FUIOJDJUZ 5IJT EJTFBTF IBT B XBZ PG MFBWJOH BMM UIPTF BGGFDUFE CZ JU GFFMJOH IFMQ MFTT *U SBWBHFT UIF CPEZ BOE UIF NJOE OPU POMZ PG UIF QBUJFOU CVU JU BMTP UBLFT B UPMM PO MPWFE POFT "OE XIJMF UIFSF JT OPU ZFU B DVSF UIFSF JT IPQF 5IBOLT UP XPSL CZ PSHBOJ[BUJPOT TVDI BT UIF "NFSJDBO $BODFS 4PDJFUZ FBDI EBZ JT B TUFQ DMPTFS UP GJOEJOH B DVSF UP UIJT EFWBTUBUJOH EJTFBTF 4JODF UIF "NFSJDBO $BODFS 4PDJFUZ IBT CFFO XPSL JOH UP GJHIU DBODFS "$4 PSHBOJ[FT BDUJWJUJFT BOE FWFOUT UISPVHIPVU UIF ZFBS UP CSJOH BXBSFOFTT UP WBSJPVT UZQFT BOE BTQFDUT PG UIF EJTFBTF 5IF BOOVBM 3FMBZ 'PS -JGF FWFOU JT QSPCBCMZ UIF NPTU XFMM LOPXO FWFOU PSHBOJ[FE CZ UIF "$4 5IJT JT BO PWFSOJHIU FWFOU EVSJOH XIJDI WPMVOUFFST XBML UISPVHI UIF OJHIU UP SBJTF NPOFZ BOE BXBSFOFTT GPS DBODFS SFTFBSDI

3FMBZ 'PS -JGF CFHBO ZFBST BHP XIFO %S (PSEZ ,MBUU B DPMPSFDUBM TVSHFPO GSPN 5BDPNB 8BTI SBO GPS IPVST TUSBJHIU UP SBJTF NPOFZ GPS IJT MPDBM "NFSJDBO $BODFS 4PDJFUZ PGGJDF BOE UP TIPX TVQQPSU GPS IJT QBUJFOUT XIP XFSF CBUUMJOH DBODFS 3FMBZ IBT DIBOHFE ESBTUJDBMMZ GSPN XIFSF JU CFHBO ZFBST BHP *U JT OPX B IPVS FWFOU HPJOH UISPVHI UIF OJHIU CFDBVTF DBO DFS OFWFS TMFFQT 5PEBZ T 3FMBZT BSF DPNQSJTFE PG UFBNT PG QFPQMF XIP IBWF SBJTFE NPOFZ GPS EPOBUJPO UP UIF "NFSJDBO $BODFS 4PDJFUZ %VSJOH UIF IPVST PG 3FMBZ GSPN Q N UP B N SFQSFTFOUBUJWFT GSPN FBDI UFBN UBLF UVSOT XBMLJOH BSPVOE UIF USBDL "DUJWJUJFT BSF IFME UISPVHI PVU UIF FWFOU JODMVEJOH UJNFT UP DFMFCSBUF UIF QSPHSFTT UIBU IBT CFFO NBEF JO GJHIUJOH UIF EJTFBTF SFNFNCFSJOH UIPTF XIP IBWF CFFO MPTU BOE XIP BSF OPX GJHIUJOH BOE GJHIUJOH CBDL XIJDI JT QBSUJDJQBU JOH JO TQFDJGJD BDUJWJUJFT UP UBLF B TUBODF BHBJOTU DBODFS 0VS MPDBM 3FMBZ 'PS -JGF JT GSPN "QSJM BOE BU $BSCPOEBMF $PNNVOJUZ )JHI 4DIPPM 'PS NPSF JOGPSNBUJPO WJTJU IUUQ XXX SFMBZGPSMJGF PSH PS IUUQ XXX SFMBZGPSMJGFPGDBSCPOEBMF DPN 5IPVHI JU NBZ OPU TFFN MJLF ZPV DBO NBLF B EJGGFSFODF JO UIF TFBSDI GPS B DVSF ZPV SF NJTUBLFO :PV DBO NBLF B CJH EJGGFSFODF B IVHF EJGGFSFODF TJNQMZ CZ WPM VOUFFSJOH B MJUUMF UJNF PS EPOBUJOH B MJUUMF NPOFZ *U EPFTO U UBLF NVDI KVTU IFBSU "MM JU UBLFT JT ZPV 5PHFUIFS XF DBO GJOE B DVSF "VESB 0SE JT B TFOJPS TUVEZJOH KPVSOBMJTN BOE TQFFDI DPNNVOJDBUJPO

/FXT

&#+.; ');26+#0

5IVSTEBZ "QSJM

744 %

5IVSTEBZ "QSJM

3ZOF 'VMMFSUPO B KVOJPS TUVEZJOH BHSJDVMUVSF TZTUFNT TJUT JO UIF XBJUJOH BSFB PG $BSFFS 4FSWJDFT XIJMF DMVUDIJOH IJT Sร TVNร BOE XBJUJOH GPS IJT NPDL JOUFSWJFX 8FEOFTEBZ JO 8PPEZ )BMM 'VMMFSUPO TBJE IF IBT EPOF NPDL JOUFSWJFXT CFGPSF UP QSFQBSF IJN GPS IJT GVUVSF KPC TFBSDI )F TBJE IF XBOUT UP CF B IJHI TDIPPM BHSJDVMUVSF UFBDIFS -"/& $)3*45*"/4&/ % "*-: & (:15*"/

i* XPVMEO U OFDFTTBSJMZ SFDPNNFOE HPJOH UP HSBEVBUF TDIPPM KVTU CFDBVTF ZPV DBO U HFU UIF QFSGFDU KPC w TIF TBJE +POBUIBO 'FJOFS B TFOJPS GSPN #PMJOHCSPPL TUVEZJOH BVUPNPUJWF UFDIOPMPHZ JT POF PG UIF TUVEFOUT XIP IBT TPVHIU BEWJDF )F TBJE $BSFFS 4FSWJDFT IFMQFE IJN GJOE BO JOUFSOTIJQ UIF TVNNFS CFGPSF IJT TFOJPS ZFBS )-0/24!.#% /& ! 2ยก35-ยก 'FJOFS TBJE IJT CJHHFTU DPODFSO BCPVU HSBEVBUJOH JT 4HE Rร SUMร IS A TOOL DESIGNED TO DO ONE THING ย GET XPSSZ PWFS IPX IF XJMM QBZ PGG IJT TUVEFOU MPBOT YOU AN INTERVIEW )T IS AN ESSENTIAL STEP IN THE JOB )F JT BMTP XPSSJFE BCPVU GJOEJOH B KPC JO IJT JOEVTUSZ SEARCH PROCESS THAT INTRODUCES YOU TO THE EMPLOYER XJUI UIF FDPOPNZ EPXO UIF XBZ JU JT IF TBJE AND SETS YOU APART FROM YOUR COMPETITORS i5IF FDPOPNZ JT LJMMJOH UIF DBS DPNQBOJFT w IF TBJE i"MM ZPV IFBS JO UIF OFXT JT IPX UIF BVUP DPNQBOJFT BSF GBJMJOH w 8JUI TJNJMBS TUPSJFT JO NBOZ JOEVTUSJFT JU CFDPNFT NPSF (FOOB 0SE JNQPSUBOU GPS TUVEFOUT UP NBSLFU UIFNTFMWFT BT CFTU UIFZ (FOOB 0SE DBO BOE UBLF BEWBOUBHF PG XIBU PQQPSUVOJUJFT UIFZ IBWF %"*-: &(:15*"/ 5IPTF PQQPSUVOJUJFT JODMVEF KPC GBJST CVU 3PCCJOT TBJE TUVEFOU 0520/3% /& ! 2ยก35-ยก (03%!4*6 &%6 USBGGJD XBT EPXO BU UIF BMM NBKPST KPC GBJS IFME JO 'FCSVBSZ %FBO PG 4UVEFOUT 1FUFS (JUBV TBJE KPC GBJST BSF FYUSFNFMZ "RIEFLY AND CONCISELY YOUR Rร SUMร SHOULD RELATE WHO " T HSBEVBUJPO MPPNT JNQPSUBOU )F TBJE TPNF GBJST IBWF SFDSVJUFST PO TJUF UIBU YOU ARE WHAT YOU KNOW WHAT YOU HAVE DONE AND WHAT YOU WOULD LIKE TO DO OFBSFS BOE UIF FDPOPNJD NJHIU JOUFSWJFX BOE IJSF B TUVEFOU PO UIF TQPU BOE UIFZ SFDFTTJPO DPOUJOVFT BSF BMM BO PQQPSUVOJUZ UP OFUXPSL TPNF TUVEFOUT NJHIU GFFM )F TBJE TQFBLJOH XJUI B QPUFOUJBM FNQMPZFS GBDF UP GBDF BQQSFIFOTJPO BOE FWFO JT NVDI NPSF BEWBOUBHFPVT UIBO TFOEJOH JO B Sร TVNร UFSSPS BU UIF QSPTQFDU PG B KPC IVOU i4QFBLJOH XJUI TPNFPOF GBDF UP GBDF JT B HPMEFO -VDLJMZ GPS UIFN QFPQMF TVDI BT #FWFSMZ 3PCCJOT DBO IFMQ PQQPSUVOJUZ UP JNQSFTT UIFN w IF TBJE 3PCCJOT JT B DBSFFS TFSWJDFT TQFDJBMJTU BU $BSFFS (JUBV TBJE IF UIPVHIU UIBU UIF DPNQFUJUJWF KPC NBSLFU '5)$%,).%3 4FSWJDFT BO PGGJDF MPDBUFE JO 8PPEZ )BMM XIFSF TUVEFOUT XPVME CSJOH B TVSHF PG TUVEFOUT UP UIF KPC GBJST CVU UIF JODSFBTF DBO HP UP HFU IFMQ QSFQBSJOH GPS JOUFSWJFXT SFDFJWJOH IBT OPU CFFO TFFO 5IF SFBTPO GPS UIF MPX UVSOPVU JT OPU LOPXO 0RESENT YOUR UNIQUE QUALITIES IN THE MOST POSITIVE AND JOUFSOTIJQT BOE DSBGUJOH Sร TVNร T IF TBJE CVU DPVME CF BOZUIJOH GSPN QPPS BEWFSUJTJOH UP TUVEFOUT SCRUPULOUSLY HONEST MANNER "E CONSISTENT WITH FORMAT ย USE SPACE TO ALLOW 3PCCJOT TBJE TUVEFOUT NBEF JOEJWJEVBM BQQPJOUNFOUT UPP QFTTJNJTUJD BCPVU UIFJS DIBODFT UP CPUIFS BUUFOEJOH SKIMMING XJUI $BSFFS 4FSWJDFT JO +BOVBSZ BOE 'FCSVBSZ GPS Sร TVNร 3FHBSEMFTT PG UIF SFBTPO (JUBV TBJE UIF BEWJDF IF IBT GPS 1UANTIFY WHERE POSIBLE

BY INCLUDING NUMBERS AND OR DSJUJRVFT IFMQ XJUI DPWFS MFUUFST QFSTPOBM TUBUFNFOUT B KPC TFOJPST JT UP WJTJU DBSFFS TFSWJDFT QSBDUJDF NPDL JOUFSWJFXT SPECIFICS PS JOUFSOTIJQ TFBSDI BOE DBSFFS DPVOTFMJOH 4UVEFOUT BMTP QPMJTI UIFJS Sร TVNร T BOE UBLF BEWBOUBHF PG JOUFSOTIJQT 5SE SHORT TERSE PHRASES NOT SENTENCES DBNF JO UP QSBDUJDF UIFJS JOUFSWJFX TLJMMT CZ UBLJOH QBSU JO i:PV IBWF UP CF QSPBDUJWF w IF TBJE )NCLUDE SKILLS SUCH AS FOREIGN LANGUAGE TECHNICAL AND "OESFX 4XFBSJOHFO B TFOJPS GSPN $BSUIBHF TUVEZJOH B WJEFPUBQFE NPDL JOUFSWJFX COMPUTER ETC 3PCCJOT TBJE UIFSF IBT CFFO BO JODSFBTF JO TFOJPST DPOTJEFSJOH SBEJP UFMFWJTJPO TBJE IF IBT IBE JOUFSOTIJQT BOE KPCT 4RY NOT TO EXCEED ONE PAGE IF TWO PAGES ARE REQUIRED

HSBEVBUF TDIPPM CFDBVTF PG UIF EFDMJOJOH KPC NBSLFU *G B TUVEFOU SFMBUJOH UP IJT NBKPS BOE IF SFDFOUMZ BUUFOEFE B XPSLTIPQ THE SECOND PAGE SHOULD BE FILLED AND YOUR NAME SHOULD BE INCLUDED AT THE TOP IN THE EVENT THAT THE IBT B HPBM UP HFU BOPUIFS EFHSFF PS UIJOLT JU XPVME NBLF UIFN PO XSJUJOH B DPWFS MFUUFS GPS IJT Sร TVNร PAGE IS SEPARATE NPSF NBSLFUBCMF TIF TBJE TIF FODPVSBHFT UIF GVSUIFS FEVDBUJPO &WFO XJUI IJT FYQFSJFODF IF TBJE IF SFBMJ[FT JU XJMM CF 4HE PAGE MAKEUP SHOULD BE CONSISTENT 4OP BOTTOM

0OF TUVEFOU XIP TFFT HSBEVBUF TDIPPM BT BO PQUJPO JT EJGGJDVMU UP HFU B KPC JO IJT GJFME LEFT AND RIGHT MARGINS SHOULD BE IDENTICAL !LLOW SPACE (SFH /PGTJOHFS B TFOJPS GSPN $SZTUBM -BLF NBKPSJOH JO i* DBNF UP HSJQT XJUI UIF JEFB B XIJMF BHP UIBU FWFO BETWEEN CATEGORIES AND ITEMS WITHIN CATEGORIES QIJMPTPQIZ BOE QTZDIPMPHZ UIPVHI * IBWF NZ EFHSFF OPX UIFSF T B HPPE DIBODF NZ (EADING OR TITLES MAY BE BOLD CAPITALIZED OR UNDER /PGTJOHFS T BEWJDF UP VOEFSDMBTTNFO JT UP LFFQ GSPN GJSTU KPC XPO U CF JO UIF EFHSFF * WF TUVEJFE GPS w IF TBJE LINED !LL HEADINGS SHOULD BE THE SAME STYLE SVTIJOH UP KPJO UIF SFBM XPSME 4XFBSJOHFO TBJE XIJMF IF SFBMJ[FT UIF NBSLFU JT QPPS .EATNESS AND ACCURACY ARE CRITICAL #AREFULLY CHECK GRAMMAR VERB TENSE SPELLING AND EYE APPEAL i5IF VOJWFSTJUZ JT UIJT OJDF MJUUMF CVCCMF PG OPO SFBMJUZ BOE IF LOPXT UIFSF BSF KPCT BWBJMBCMF "U UIF XPSLTIPQ IF 9OUR FINAL DRAFT MUST BE LASER PRINTED OR TYPED ON A JG ZPV DBO TUBZ JO OPO SFBMJUZ HP BIFBE BOE EP JU w IF TBJE BUUFOEFE IF XBT UPME UIBU FWFO JO MJHIU PG UIF FDPOPNZ LETTER QUALITY TYPEWRITER 5SE STANDARD X INCH )F TBJE IF EPFT OPU LOPX XIBU IF JT HPJOH UP EP BGUFS UIFSF JT TUJMM B HSFBU DIBODF UP GJOE KPCT WHITE BONE OR VERY LIGHT GRAY PAPER HSBEVBUJPO UIPVHI IF FWFOUVBMMZ QMBOT UP BUUFOE HSBEVBUF 4UVEFOUT TFFLJOH UIFN KVTU IBWF UP CF QSFQBSFE BOE $O NOT INCLUDE HIGH SCHOOL ACCOMPLISHMENTS TDIPPM 5IF TMVNQJOH FDPOPNZ NBLFT HFUUJOH JOUP HSBEVBUF EFUFSNJOFE IF TBJE $O NOT USE PERSONAL PRONOUNS 5SE ACTION VERBS TO TDIPPM NPSF DPNQFUJUJWF BT XFMM BT NBLJOH XIBU KPCT BSF i*G ZPV SF RVBMJGJFE UIFSF JT TPNFPOF PVU UIFSF XIP XJMM RELATE MORE SPECIFIC INFORMATION BWBJMBCMF JO UIF NBSLFU NPSF EJGGJDVMU UP MBOE IF TBJE CF XJMMJOH UP IJSF ZPV w IF TBJE 3PCCJOT BMTP TBJE UIFSF BSF KPCT BWBJMBCMF BOE TUVEFOUT DBO /PGTJOHFS TBJE TFWFSBM QSPGFTTPST BOE JOEJWJEVBMT XIP TUVEZ UIF FDPOPNZ IBWF TVHHFTUFE UIBU GPS UIPTF XIP IBWF UBLF TFWFSBM NFBTVSFT UP QVU UIFNTFMWFT JO UIF CFTU QPTJUJPO UP CF OPU EFDJEFE PO B TQFDJGJD DBSFFS PS EP OPU IBWF B KPC XBJUJOH IJSFE 5IFTF JODMVEF IBWJOH B QPMJTIFE Sร TVNร ESFTTJOH XFMM GPS BO JOUFSWJFX SFHBSEMFTT PG UIF KPC T ESFTT DPEF BOE CFJOH QSFQBSFE UIF CFTU UIJOH UP EP NJHIU CF DPOUJOVJOH JO FEVDBUJPO i5IFZ UFMM NF UIBU TDIPPM JT UIF TBGFTU QMBDF UP CF SJHIU GPS RVFTUJPOT UIBU NJHIU CF BTLFE EVSJOH UIF JOUFSWJFX 4PVSDF $BSFFS 4FSWJDFT (VJEF OPX w IF TBJE i* XPVME TBZ CF QBUJFOU CF QFSTJTUFOU CF BT QSPGFTTJPOBM 1"#-0 50#0/ ] %"*-: &(:15*"/ )PXFWFS 3PCCJOT TBJE VTJOH UIF FYUSB ZFBST JO TDIPPM BT QPTTJCMF BOE CF XFMM QSFQBSFE GPS BO JOUFSWJFX BOE BCMF NFSFMZ UP BWPJE B CBE KPC NBSLFU NJHIU OPU CF BEWJTBCMF UP TFMM ZPVSTFMG w TIF TBJE

4'065

$06/5%08/ 5IVSTEBZ "QSJM

50 5)& $"3&&3 4&"3$) #@52> 3<>:.@? .>2 .002=@./92

4A?/<12 ?6A 21A

<::A;60.@6<;? 914

.>/<;1.92

" <99242 '@ .>/<;1.92

)N THIS SECTION BRIEFLY DESCRIBE THE JOB OR TYPE OF POSITION YOU WANT 0ICTURES ARE ./4 REQUIRED

(< ?20A>2 . =<?6@6<; .? . >2=<>@2> 3<> . 1.69E ;2C?=.=2>

)N THIS SECTION LIST YOUR EMPLOYMENT HISTORY

INCLUDING RELEVANT INTERNSHIPS NON PAID EXPERIENCES

.0529<> <3 '062;02 6; <A>;.96?: !.E

'<A@52>; 996;<6? );6B2>?6@E .>/<;1.92 ' ) !.7<> <A>;.96?: '=206.96F.@6<; "2C? 16@<>6.9 !6;<> $<96@60.9 '062;02 $ 2.; ? 6?@ @5>22 ?2:2?@2>?

)N THIS SECTION GIVE AN EDUCATIONAL HISTORY OF YOUR COLLEGE UNIVERSITY WORK

STARTING WITH THE DEGREE YOU ARE CURRENTLY PURSUING

16@<> 6; 5623 .69E 4E=@6.; .;A.>E

@< =>2?2;@ 21 . @2.: <3 >2=<>@2>? =5<@<4>.=52>? 0<9A:;6?@? .;1 0.>@<<;6?@? ??64;21 .;1 216@21 ?@<>62? 0<<>16;.@21 /2@C22; =5<@<4>.=52>? 0<9A:;6?@? .;1 =.42 12?64;2>? ?.@ <; @52 216@<>6.9 /<.>1 !<129 96@2 !<129? ;@2>;.@6<;.9 A4A?@

@< A;2

!<12921 12?64;2> 2E2C2.> 3<> 3A99 =.42 :.4.F6;2 .1B2>@6?2:2;@? *<@21 !.92 !<129 <3 @52 20.12 /E 96@2 !<129? ;@2>;.@6<;.9 2.@

<@52> :.92 :<129? 6; @52 0<:=.;E ,IST SCHOLARSHIPS AWARDS HONORABLE MENTIONS )NCLUDE DATES AS APPLICABLE

,IST MEMBERSHIPS

LEADERSHIP RESPONSIBILITIES

VOLUNTEER EXPERIENCES ETC

6>?@ =9.02 3><: @52 996;<6? <99242 $>2?? ??<06.@6<;? 3<> . ;2C? ?@<>E G(52 .;1E:.; .; @H '20<;1 =9.02 3<> . ?6;492 =5<@< !.>:.1A82 '05<9.>?56=

:2>60.; &21 ><?? 9<<1 >6B2?

-! (A@<>

.; <=2>.@2 !60><?<3@ +<>1 D029 $<C2>$<6;@ $A/96?52> .99 @52 1</2 >2.@6B2 'A6@2 =><4>.:? .;1 %A.>8 ,$>2?? 6;.9 A@ $>< .;1 .>.42 .;1 <:=92@21 . 4>.;@ C>6@6;4 C<>8?5<= .; ,IST EQUIPMENT EXPERTISE RELATING TO CAREER GOALS EXTERNSHIP EXPERIENCES COMPUTER SKILLS INCLUDING SOFTWARE KNOWLEDGE AND THINK ABOUT INCLUDING OTHER ATTRIBUTES SUCH AS GOOD COMMUNICATION WRITING SKILLS GOOD MULTITASKER ETC

4PVSDF $BSFFS 4FSWJDFT (VJEF 1"#-0 50#0/ ] %"*-: &(:15*"/

1 Ħ ĝĤĖ %" * -: & ( : 1 5 * " /

5IVSTEBZ "QSJM t

7JTJUJOH A5IF 4FDSFU (BSEFO "MTP JO UIF DBTU JT 4LZMBS $ %SVNNPOE B GSFTINBO GSPN +PIOTUPO $JUZ )JHI 4DIPPM QMBZ JOH UIF SPMF PG .BSZ )FS[PH TBJE *TBJBI )FS[PH XJMM NBLF IJT UIBU TIF XBT B QMFBTVSF UP XPSL .D-FPE 5IFBUSF EFCVU 5IVSTEBZ BT XJUI BOE UIBU UIF QMBZ UBVHIU IJN $PMJO $SBWFO JO i5IF 4FDSFU (BSEFO w NPSF UIBO KVTU BDUJOH )F JT B TJYUI HSBEFS GSPN i* UIJOL UIBU UIF QSPEVDUJPO JT $BSCPOEBMF .JEEMF 4DIPPM B WFSZ HPPE FYQFSJFODF CFDBVTF JU )FS[PH KPJOT UIF SFTU PG UIF DBTU UFBDIFT NF EJTDJQMJOF BT XFMM BT GPS i5IF 4FDSFU (BSEFOw TUBSUJOH UJNF NBOBHFNFOU w )FS[PH TBJE 5IVSTEBZ JO UIF .D-FPE 5IFBUSF -BTU ZFBS UIF .D-FPE QVU PO 4IPXUJNFT BSF BU Q N 5IVSTEBZ B QSPEVDUJPO PG i5IF 'VMM .POUZ w UISPVHI 4BUVSEBZ BOE BU Q N XIJDI XBT BJNFE UPXBSE BEVMU BVEJ 4VOEBZ XJUI B QSF TIPX MFDUVSF BU FODFT CVU UIJT ZFBS ,JEE BOE UIF DBTU Q N CFGPSF UIF 4VOEBZ TIPX BSF USZJOH UP HFU NPSF GBNJMJFT UP #BTFE PO B OPWFM CZ 'SBODFT DPNF PVU BOE TVQQPSU UIF TIPX )PEHTPO UIF NVTJ i*U T B HFOUMF DBM GPDVTFT PO .BSZ QMBDF B NVDI NPSF -FOOPY BO PSQIBOFE G B N J M Z G S J F O E M Z IF NVTJD JT HJSM TFOU UP MJWF XJUI IFS QMBZ w ,JEE TBJE i*U T TP BNB[JOH VODMF XIFSF TIF EJTDPW NVDI NPSF TVCUMF w 7JSHJOJB $SPTT B FST B TFDSFU HBSEFO LFQU BOE UIF BDUJOH JT $BSCPOEBMF SFTJEFOU CZ IFS VODMF T EFBE XJGF TVQFSC 4IF BUUFNQUT UP SFTUPSF TBJE TIF IBT BUUFOE *TBJBI )FS[PH FE UIF .D-FPE UIF HBSEFO BOE HJWF IFS TJYUI HSBEFS GSPN 5IFBUSF TIPXT GPS VODMF B SFBTPO UP MJWF $BSCPOEBMF .JEEMF 4DIPPM UZJOH JOUP UIF TIPX T BMNPTU ZFBST BOE UIFNFT PG MPTT BOE SFEFNQUJPO JT BMXBZT HMBE XIFO UIF UIFBUFS + 5IPNBT ,JEE UIF EJSFDUPS BOE QVUT PO B TIPX MJLF UIJT POF DIPSFPHSBQIFS PG UIF TIPX TBJE IF i* VTFE UP SFBE A5IF 4FDSFU USJFE UP JODMVEF UIPTF UIFNFT JO UIF (BSEFO XIFO * XBT MJUUMF BOE UIPVHI * FOKPZFE A5IF 'VMM .POUZ QSPEVDUJPO BT IF XPSLFE i5IF TUPSZ JT BCPVU SFCJSUI MJGF B MPU * XBT HMBE UP TFF UIBU 4*6$ UIBU HSPXT GSPN XIBU JT TFFNJOHMZ JT QVUUJOH PO B NPSF GBNJMZ GSJFOEMZ EFBE 8F USJFE UP DBQUVSF UIBU JO UIF TIPX UIJT ZFBS w $SPTT TBJE i*U XJMM QSPEVDUJPO w ,JEE TBJE i8F XBOUFE CSJOH NPSF QFPQMF PVU UP UIF UIFBUFS UP TFF UIF QSPEVDUJPO HSPX w BOE UIBU T BMXBZT B HPPE UIJOH w 5IF DSVDJBM EFDJTJPO UP DBTU )FS[PH TBJE IF IPQFT UIF TIPX DIJME BDUPST JO UIF MFBE SPMFT TFFNT ESBXT B MBSHF BVEJFODF BOE UIBU IJT MJLF B EBVOUJOH JEFB CVU JU XBT OP 4*6$ TUBHF EFCVU HPFT XFMM CJH EFBM GPS )FS[PH i5IF NVTJD JT TP BNB[JOH BOE i* HPU UIF QBSU MJLF FWFSZPOF UIF BDUJOH JT TVQFSC w )FS[PH TBJE FMTF * IBE UP NFNPSJ[F B TPOH BOE 5JDLFUT BSF GPS BEVMUT EFNPOTUSBUF NZ BDUJOH DBQBCJMJ GPS TFOJPST BOE GPS TUVEFOUT BOE UJFT w )FS[PH TBJE i8PSLJOH XJUI DIJMESFO 5JDLFUT BSF BWBJMBCMF BU DPMMFHF TUVEFOUT JT GVO BOE UIF DBTU UIF .D-FPE UIFBUFS CPY PGGJDF 'PS JT BNB[JOH TP JU T OPU IBSE UP HFU NPSF JOGPSNBUJPO DPOUBDU UIFN BU BMPOH XJUI UIFN w

8FT -BXTPO %"*-: &(:15*"/ 8 !4*6 &%6

8)"5 4 (0*/( 0/

5SFT )PNCSFT 5XJO $BUT 1, T &BSM & 8PSN .D-FPE 5IFBUFS i5IF 4FDSFU (BSEFOw

4BUVSEBZ

5PEBZ

$PQQFS %SBHPO &DMJQTF #PPCZ T -PT 0KPT 3PKPT $PVTJO "OEZ T 8JTIJOH $IBJS ,FZ 8FTU .PWJOH .BSZ 5SFT )PNCSFT 4LJOOZ %JQT 1, T 4MBQQJO )FOSZ #MVF .D-FPE 5IFBUFS i5IF 4FDSFU (BSEFOw

$BMJ T %+ 1PJO #PPCZ T $POEFOBEB &VOVDIT %BEEZ T -JUUMF (JSM /V 4UBOEBSET 1, T 4MBQQJO )FOSZ #MVF $PQQFS %SBHPO -JFVUFOBOU %BO T /FX -FHT 5SFT )PNCSFT %+ /BTUZ /BUF .D-FPE 5IFBUFS i5IF TFDSFU (BSEFOw

4VOEBZ

'SJEBZ

#3"/%0/ $)"11-& ] % "*-: & (:15*"/ 4LZMBS %SVNNPOE TFDPOE GSPN SJHIU B GSFTINBO BU +PIOTUPO $JUZ )JHI 4DIPPM MFBET UIF DBTU PG i5IF 4FDSFU (BSEFOw EVSJOH ESFTT SFIFBSTBM 8FEOFTEBZ JO .D-FPE 5IFBUFS 5IF NVTJDBM CBTFE PO UIF OPWFM CZ 'SBODFT )PEHTPO SVOT 5IVSTEBZ UISPVHI 4VOEBZ

¶¶5

,FZ 8FTU *WBT +PIO #MVFT #BOE .D-FPE 5IFBUFS i5IF 4FDSFU (BSEFOw

&#+.; ');26+#0

/FXT

5IVSTEBZ "QSJM

5&"

$0/5*/6&% '30.

7JDLJ "TIFS BO JOEFQFOEFOU GSPN $BNCSJB TBJE TUBUF BOE GFEFSBM FMFDUFE PGGJDJBMT IBWF MPTU UIFJS NJOET JG UIFZ UIJOL JU JT BDDFQUBCMF UP BTL UIF QVCMJD UP GVOE BMM PG UIFJS JOJUJBUJWFT i*U T XF UIF QFPQMF OPU XF UIF HPWFSONFOU w "TIFS TBJE i5IFZ SF TP TFU PO QBTTJOH UISPVHI UIJT IVNPOHPVT BHFOEB XJUIPVU EPJOH JU JO B TFRVFOUJBM SBUJPOBM XBZ 5IFZ SF MFBEJOH VT UPXBSE B XPSME HPWFSONFOU OPU B 6OJUFE 4UBUFT PG "NFSJDB HPWFSONFOU w 4IF TBJE TIF XBOUT 6OJUFE 4UBUFT MFBEFST UP EFGFOE UIF $POTUJUVUJPO BOE JUT QFPQMF OPU EFHSBEF JU i5IFZ DBO U EP UIJT UP VT w TIF TBJE i5IFZ DBOOPU QVTI VT EPXO BOZNPSF *U T KVTU HPUUFO PVU PG DPOUSPM 5IFZ SF KVTU OPU UIJOLJOH SBUJPOBMMZ "MUIPVHI $BSCPOEBMF T UFB QBSUZ XBT TQPOTPSFE CZ MPDBM NFNCFST PG UIF $POTUJUVUJPO 1BSUZ JU GFBUVSFE NFNCFST PG WBSJPVT QBSUJFT BOE TFWFSBM XIP DMBJN OP QPMJUJDBM QBSUZ 0OF QSPUFTUPS IFME B TJHO UIBU SFBE i3FQVCMJDBOT PS %FNPDSBUT )FBET XF MPTF 5BJMT XF MPTF w $SBJH ,FMMFS PG .VSQIZTCPSP IFME B GMBH CFBSJOH B DPJMFE TOBLF BOE UIF XPSET i%PO U USFBE PO NF w )F TBJE UIF QSPUFTU XBT BCPVU UIF GVUVSF PG UIF QFPQMF PG UIF DPVOUSZ OPU QBSUZ BGGJMJBUJPO i5IJT JT GPS "NFSJDB GPS NZ DIJMESFO BOE HSBOEDIJMESFO w ,FMMFS TBJE -JTB .BSTFHMJB PG .VSQIZTCPSP CSPVHIU IFS UXP DIJMESFO XIP UPHFUIFS IFME B TJHO UIBU SFBE i4BWF NZ GVUVSF w i8F SFBMMZ CFMJFWF UIBU EFCU JT OPU HPPE GPS PVS DPVOUSZ w .BSTFHMJB TBJE i5IFSF JT OP GSFFEPN JO EFCU w 4IF TBJE UIF 6OJUFE 4UBUFT XPVME CF PXOFE CZ XIPNFWFS JU PXFE NPOFZ 0OF QSPUFTUPS BHSFFE XBWJOH

&.*-: 46/#-"%& ] % "*-: & (:15*"/ -JOEB .JMMFS PG .VSQZTCPSP IPMET BO "NFSJDBO GMBH XJUI B UFB CBH BUUBDIFE JO QSPUFTU PG UIF GJOBM EBZ UP GJMF GFEFSBM JODPNF UBYFT 8FEOFTEBZ BU UIF 5PXO 4RVBSF 1BWJMJPO .JMMFS XIP PXOT BOE NBOBHFT B NFEJDBM USBOTDSJQUJPO CVTJOFTT TBJE TIF QBJE BMNPTU BT NVDI JO UBYFT BT TIF NBEF B TJHO UIBU TBJE i8F UIF QFPQMF BSF OPX PXOFE CZ UIF $IJOFTF w $ISJTUB 5JDIBDFL PG $BSCPOEBMF IFME B TJHO UIBU SFBE i$BO * QSJOU NZ PXO NPOFZ UPP UP QBZ NZ UBY EFCU w i* N KVTU QMBJO MFU EPXO CZ PVS HPWFSONFOU JO HFOFSBM w TIF TBJE

i*U T B NPSBMJUZ BOE KVEHNFOU BOE WBMVFT JTTVF BU UIJT QPJOU w ,FMMFS TBJE UIF GFEFSBM HPWFSONFOU JT USFBEJOH PO UIF SJHIUT QSPNJTFE UP 6OJUFE 4UBUFT DJUJ[FOT VOEFS UIF $POTUJUVUJPO 4IBXO 0 /FJM B NFNCFS PG UIF $POTUJUVUJPO 1BSUZ IFMQFE PSHBOJ[F UIF FWFOU XJUI

TJV%& DPN

UIPTF DPODFSOT JO NJOE 0 /FJM TBJE UIF QFPQMF VTFE UP DIPPTF CFUXFFO GFEFSBM HPWFSONFOU BOE NPSF DPOUSPM UP TUBUF HPWFSONFOUT )F TBJE WPUFST DIPPTF CFUXFFO POMZ TMJHIUMZ EJGGFSFOU WFSTJPOT PG CJH HPWFSONFOU SVO CZ QPMJUJDJBOT XIP JHOPSF JTTVFT

USBNQMF UIF $POTUJUVUJPO BOE SFMZ PO B CJBTFE NBJOTUSFBN NFEJB UP QSPNPUF UIFJS BHFOEBT i* EPO U UIJOL PVS 'PVOEJOH 'BUIFST PS PVS $POTUJUVUJPO HJWFT PVS HPWFSONFOU UIF SJHIU UP CBJM PVU QSJWBUF FOUFSQSJTFT UP UBLF B SJTL BOE MPTF w 0 /FJM TBJE

5IVSTEBZ "QSJM

&#+.; ');26+#0

$MBTTJGJFET

&#+.; ');26+#0

1VMTF

(JSMT BOE 4QPSUT

5IVSTEBZ "QSJM

CZ +VTUJO #PSVT BOE "OESFX 'FJOTUFJO

CZ (MFOO .D$PZ

5IF %VQMFY

#Z -JOEB $ #MBDL

5PEBZ T #JSUIEBZ 5IF DMPTFS ZPV HFU UP UIF UPQ UIF NPSF BEWBOUBHFT ZPV MM EJTDPWFS "OE UIF WJFX JT TQFDUBDVMBS 5IF LFZ UP ZPVS TVDDFTT :PV SF WFSZ DBSFGVM BCPVU NBLJOH QSPNJTFT 8IFO ZPV EP ZPV GPMMPX UISPVHI 5P HFU UIF BEWBOUBHF DIFDL UIF EBZ T SBUJOH JT UIF FBTJFTU EBZ UIF NPTU DIBMMFOHJOH "SJFT .BSDI "QSJM 5PEBZ JT B ,FFQ EPJOH UIF TBNF PME KPC BOE IBVMJOH JO ZPVS QBZ .FBOXIJMF LFFQ MJTUFOJOH :PV MM HFU UIF OFXT PO UIF HSBQFWJOF UIBU DBO IFMQ ZPV BEWBODF UP UIF OFYU MFWFM %PO U GPSHFU UP WFSJGZ

-2<.- +A '*A6. "7+.:< '2442*5; "DSPTT -BUF OJHIU OBNF 4IBSQ XJUUFE 0 )FOSZ T i5IF (JGU PG UIF @@w 1SPQ FYUFOTJPO 5BVOUT ,FZ UIBU PGUFO TPVOET HMPPNZ 8JOEZ $JUZ TVQFSTUBUJPO 5PYJD EFGPMJBOU VTFE JO 7JFUOBN $IBSMJF 1BSLFS T JOTUSVNFOU /PWFM UZQF 4JOHT TP UP TQFBL 1IJMPTPQIFS @@ U[V i"T * TFF JU w JO F NBJM T 'SFE "TUBJSF QBSUOFS 3PXMBOET PG i"OPUIFS 8PNBOw 1MBDF GPS B TUVE 5SJCVUF XJUI B XJOL 4JPVBO TQFBLFS 4UVEZ PG SPDL HSPVQT 0ME UPVSJOH DBS IPSSPS TFRVFM "SUJTU XIP XPSLFE PO )JUDIDPDL T i4QFMMCPVOEw

8FEOFTEBZ T TPMVUJPOT

5BVSVT "QSJM .BZ 5PEBZ JT B .BLF USBWFM QMBOT CVU EPO U UBLF PGG ZFU *U MM CF NVDI FBTJFS BGUFS UIF TVO HPFT JOUP ZPVS TJHO PO UIF UI $BO ZPV QVU JU PGG UIBU MPOH *O UIF NFBOUJNF HP WJSUVBMMZ (FNJOJ .BZ +VOF 5PEBZ JT B %PO U SVTI JOUP BOZUIJOH OPU FWFO B TXFFU QSPQPTJUJPO .BLF TVSF ZPV IBWF UIF TPMJE QPJOUT EPXO JO XSJUJOH BOE UIBU ZPV BHSFF %PO U GBMM GPS GBODJGVM TDIFNFT UIBU BSFO U PO B TVCTUBOUJBM CBTF $BODFS +VOF +VMZ 5PEBZ JT BO :PV SF KVTU UIF DVUFTU UIJOH :PV DBO DIBSN UIF QBJOU PGG UIF XBMMT "WPJE B QPUFOUJBMMZ TUSFTTGVM TJUVBUJPO (P BSPVOE JU :PV DBO EJTBSN BO BEWFSTBSZ CZ TJNQMZ OPU QMBZJOH UIBU HBNF

0 , $PSSBM OBNF 4IPX SVOOFS $FSUBJO GPS TVSF "CCS -"9 UPXFS HQ (PMEFO @@ "DUSFTT $VTBDL %PO IBTUJMZ i"EBN #FEFw OPWFMJTU 3FE BOE XIJUF TVQFSNBSLFU MPHP 1FSQMFYFE

i-PWFSHJSMw WPDBMJTU @@ .BSJF 3BQB @@ &BTUFS *TMBOE :FHH T UIPVTBOET -FUUFS BQQFBSJOH POMZ JO EPXO BOTXFST JUT PQQPTJUF BQQFBST POMZ JO BDSPTT BOTXFST

(MVF JT POF %PXO 4DPME #JMMJBSET QMBZFS T DPOTJEFSBUJPO 4USFJTBOE UJUMF SPMF 5FOOJT HSFBU XIP SFUJSFE JO 1SFGJY XJUI IFSU[ "MQJOF HPBU 4QPSUTDBTUFS #FSNBO .PSF UIBO FS

"EESFTT UP B QBM JO 1BNQMPOB i"SDIJF #VOLFS T 1MBDFw DPTUBS 4BUBOJD OBUJPO JO 3FWFMBUJPO "OHFS )PTQ TDBOOFS 4LVOL T EFGFOTF A T 0MZNQJDT OBNF .BUU PG i+PFZw "OBUPNJDBM SJOH i.S 5SJQMF "YFMw #SJBO .BSMJOT EJW 4LJMMFE JO "DDFTT FOEJOH &OE 5FOFU T $*" TVDDFTTPS 'SFODI TUBUFT i8IFO QJHT GMZ w

%POBUF JO %VOEFF $MVC BQQFBSBODF 0WFSMPPLT -PHJDJBO T DPOOFDUPS /BQF HSPXUI -JWFTUPDL JEFOUJGJFS i%BMMBTw OBNF "OUJTPDJBM FMFQIBOU 4MPX NPMMVTL @@ ,IBO -FWFM 5FHVDJHBMQB T DPVOUSZ "CCS $PNJDBM CJU 4VNNFS JO UIF DJUÏ 0SEJOBM TVGGJY .FBEPX

-FP +VMZ "VH 5PEBZ JT B *G ZPV IBWF UP XPSL BOZXBZ NJHIU BT XFMM TBWF VQ GPS TPNFUIJOH ZPV XBOU :PV BMXBZT EP CFTU XIFO ZPV SF XPSLJOH UPXBSE B ESFBN 5IJT DBO CF BOZUIJOH (P XJME JO ZPVS JNBHJOBUJPO

7JSHP "VH 4FQU 5PEBZ JT B "O VOFYQFDUFE EFWFMPQNFOU XPSLT PVU XFMM GPS BMM DPODFSOFE :PV EJEO U IBWF UP EP B UIJOH CVU LFFQ FWFSZCPEZ PO DPVSTF %PO U PGGFS UP EP BOZUIJOH FMTF OPX 8BUDI UP TFF XIBU EFWFMPQT *U MM CF 0, -JCSB 4FQU 0DU 5PEBZ JT B 'JHVSF PVU XIBU ZPV DBO GJY CFGPSF ZPV HP TIPQQJOH :PV NBZ EFDJEF ZPV EPO U OFFE B GFX UIJOHT PO ZPVS MJTU "OE ZPV NBZ OFFE TPNFUIJOH FMTF :PV DBO TBOE QBJOU BOE WBSOJTI :PV IBWF OBUVSBM UBMFOU 4DPSQJP 0DU /PW 5PEBZ JT BO :PVS BSHVNFOUT BSF HBJOJOH DPOWFSUT NPSF FBTJMZ OPX 4UBZ QSBDUJDBM UP B GBVMU .BLF TVSF XIBUFWFS ZPV SF QSPQPTJOH XJMM BDUVBMMZ XPSL )BWF UIF GBDUT UP CBDL ZPV VQ 4BHJUUBSJVT /PW %FD 5PEBZ JT B %PO U CVZ UPZT JU T NPSF JNQPSUBOU UP GJY XIBUFWFS T CSPLFO %PO U XBTUF B DFOU 5IFZ SF IBSE UP DPNF CZ CVU ZPV TIPVME IBWF FOPVHI 1SPUFDU ZPVS SFTPVSDFT $BQSJDPSO %FD +BO 5PEBZ JT B :PV EFGJOJUFMZ BSF B IBSE XPSLFS CVU UIBU T OPU ZPVS CFTU RVBMJUZ *U T UIBU ZPV DBO CF SFMJFE VQPO :PVS GSJFOET LOPX UIJT BCPVU ZPV 3FBTTVSF B QFSTPO XIP T XPSSJFE "RVBSJVT +BO 'FC 5PEBZ JT B :PV SF B XJEF FZFE JEFBMJTU TVSSPVOEFE CZ FOUSFQSFOFVSJBM UZQFT $BO UIFZ IFMQ NBLF ZPVS ESFBNT DPNF USVF :PV MM OFWFS HFU UIFSF XJUIPVU UIFN -JTUFO DBSFGVMMZ 1JTDFT 'FC .BSDI 5PEBZ JT BO 3FWJFX ZPVS BMUFSOBUJWFT POF NPSF UJNF :PVS BEWJTFS XJMM TVQQPSU UIF EFDJTJPO ZPV WF CFFO GBWPSJOH PO B IVODI :PV SF NPSF QPXFSGVM BOE QFSIBQT XJTFS UIBO ZPV SFBMJ[FE

D 5SJCVOF .FEJB 4FSWJDFT *OD ] %JTUSJCVUFE CZ .D$MBUDIZ 5SJCVOF *OGPSNBUJPO 4FSWJDFT

!

$: +-' 4)+4+10 #0& '(( 074'-

05%4#/$.' 6*'5' (174 7/$.'5 10' .'66'4 61 '#%* 537#4' 61 (14/ (174 14&+0#4: 914&5 #!$ ' ' % &# %#* # (!" "

, #+ " # #% %& #"' "& ) %, ' '# #% &'% ' & #" #* '# &# ) ( # ( ) & '

> 4+$70' '&+# '48+%'5 0%

.. +)*65 '5'48'&

8FEOFTEBZ T TPMVUJPOT

! 999 ,7/$.' %1/ &5

19 #44#0)' 6*' %+4%.'& .'66'45 61 (14/ 6*' 57424+5' #059'4 #5 57))'56'& $: 6*' #$18' %#46110

;

<

059'45 61/14419

7/$.'5 "

9GFPGUFC[µU "'56'4&#: 5

059'4 !*#6 6*' &#+4: (#4/'4 (#%'& 9*'0 /+.- 24+%'5 UQNWVKQPU 67/$.'& =

5IVSTEBZ "QSJM

&#+.; ');26+#0

4BMVLJ WPMMFZCBMM TFU GPS BOOVBM TQSJOH UPVSOBNFOU

4&"/ .$(")"/ ] % "*-: & (:15*"/ 4FOJPS TFUUFS &SJLB #BSUSVGG TJHOBMT B QMBZ UP IFS UFBNNBUFT EVSJOH B /PW NBUDI BHBJOTU $SFJHIUPO 5IF 4*6 WPMMFZCBMM UFBN IPQFT UP SFCPVOE GSPN UIF MPTT PG TFOJPST #BSUSVGG ,SJTUJF #FSXBOHFS ,SJTUZ &MTXJDL BOE #SPPLMZO 3PCCJOT BT JU QSFQBSFT GPS JUT TQSJOH UPVSOBNFOU

% FSFL 3PCCJOT

GBO TVQQPSU IFSF w 4*6 QPTUFE BO SFDPSE BU IPNF MBTU TFBTPO FO SPVUF UP B " GUFS UBLJOH UP UIF SPBE UP PQFO SFDPSE JUT TQSJOH TFBTPO UIF 4*6 WPMMFZCBMM 8JOLFMFS TBJE JO PSEFS GPS UFBN SFUVSOT UP $BSCPOEBMF GPS POF UIF 4BMVLJT UP NBYJNJ[F B IPNF GJOBM UPVSOBNFOU DPVSU BEWBOUBHF UIFZ XJMM OFFE UP 5IF 4BMVLJT XIP QSFWJPVTMZ XPSL PO UIFJS EFGFOTF #FDBVTF UIF QMBZFE JO UPVSOBNFOUT BU 4PVUIFBTU PGGFOTF IBT QMBZFE XFMM JO UIF UFBN T .JTTPVSJ 4UBUF BOE -PZPMB QSFWJPVT UPVSOBNFOUT 8JOLFMFS $IJDBHP IPTU UIFJS BOOVBM 4QSJOH TBJE TPMJEJGZJOH UIF EFGFOTF XPVME 5PVSOBNFOU TUBSUJOH BU IFMQ UIF FOUJSF UFBN B N 4BUVSEBZ BU %BWJFT (ZN "U UIF UPVSOBNFOU IPTUFE CZ 3FHJPOBM TDIPPMT TVDI BT +PIO " -PZPMB $IJDBHP KVOJPS .BSJOB -PHBO 4*6 &EXBSETWJMMF .VSSBZ .FEJD MFE 4*6 XJUI B IJUUJOH 4UBUF 4PVUIFBTU .JTTPVSJ 4UBUF QFSDFOUBHF BOE KVTU UXP FSSPST .VSSBZ 4UBUF BOE .JTTPVSJ 7BMMFZ .FEJD TBJE TIF USJFT UP CF B TUFBEZ $POGFSFODF SJWBM &WBOTWJMMF PGGFOTJWF QSFTFODF GPS UIF 4BMVLJT XJMM QBSUJDJQBUF i* USZ UP CF BT DPOTJTUFOU BT 4*6 IFBE DPBDI #SFOEB QPTTJCMF w .FEJD TBJE i5IBU 8JOLFMFS TBJE TIF JT HMBE UP TFF UIF XBZ UIFSF BSFO U BT NBOZ MPXT TQSJOH TFBTPO FOE BU IPNF GPS UIF UFBN 8F DBO QMBZ BU i*U T BMXBZT GVO UP QMBZ BU PVS BCTPMVUF CFTU XIFO XF QMBZ IPNF w 8JOLFMFS TBJE i*U T DPPM XJUI DPOTJTUFODZ w GPS UIF LJET OPU UP USBWFM PO UIF .FEJD TBJE UIF LFZ UP UIF 4BMVLJT XFFLFOE BOE JU T HSFBU UP IBWF UIF XJOOJOH UIFJS 4QSJOH 5PVSOBNFOU %"*-: &(:15*"/ %30##*/4!4*6 &%6

XPVME CF TUJDLJOH UP UIF CBTJDT 5XP GVOEBNFOUBMT 4*6 IBT CFFO XPSLJOH PO JO QSBDUJDF BSF EJHHJOH BOE CMPDLJOH .FEJD TBJE "OE XIJMF UIF 4BMVLJT IBWF NPSF UPUBM CMPDLT UIBO UIFJS PQQPOFOUT EVSJOH UIF TQSJOH TFBTPO UIFZ IBWF UBMMJFE GFXFS EJHT PO UIF PUIFS TJEF PG UIF OFU i%FGFOTF JT GVO w TBJE +FOOJGFS #FSXBOHFS XIP MFBET UIF UFBN XJUI CMPDLT i* NBJOMZ QSJEF NZTFMG JO CFJOH B UFBN QMBZFS * USZ UP CF SFBMMZ UBMLBUJWF BOE DSFBUF DIFNJTUSZ .Z KPC JT UP NBLF TVSF FWFSZPOF JT PO UIF TBNF QBHF w #FSXBOHFS TBJE UP XJO UIJT XFFLFOE UIF UFBN IBE UP GPDVT PO QMBZJOH UPHFUIFS &WFO UIPVHI UIJT JT UIF TQSJOH T GJOBM UPVSOBNFOU 8JOLFMFS TBJE TIF BMSFBEZ IBT OFYU TFBTPO PO IFS NJOE i8F TIPXFE B MPU PG NBUVSJUZ JO UIF NJEEMF QPTJUJPOT BOE UIF PVUTJEF *U HJWFT NF B MPU PG PQUJNJTN GPS TVDDFTT JO UIF GBMM w

4QPSUT

&#+.; ');26+#0

4QPSUT

7EPYOM -RWMHIV 5IF $IJDBHP #FBST IBWF GJWF TDIFEVMFE QSJNF UJNF HBNFT UIJT TFBTPO %P ZPV UIJOL UIF #FBST XJMM CF SFBEZ GPS UIFN

-6*4 $ .&%*/" MDN !TJV FEV

"T B MPOH UJNF %FJPO 4BOEFST GBO * DBO U XBJU UP TFF JG IF DBO TUJMM HFU JU EPOF BGUFS B GFX ZFBST JO UIF CSPBEDBTU CPPUI 0I XBJU XF SF UBMLJOH BCPVU QSJNF UJNF HBNFT 8FMM CSJOHJOH +BZ $VUMFS JO NBEF UIF #FBST JNNFEJBUFMZ QSJNFE GPS UIF CJH TUBHF #JH UJNF RVBSUFSCBDLT NBLF CJH QMBZT BOE BOBMZTUT MPWF ESPPMJOH PWFS CJH UJNF RVBSUFSCBDLT XIP IBQQFO UP QMBZ JO NBKPS NBSLFUT 8IBU %JE ZPV FYQFDU UP TFF UIF -JPOT PO .POEBZ /JHIU 'PPUCBMM

8BUDI PVU UIF #FBST IBWF +BZ $VUMFS TP JU T BMM UIF XBZ UP UIF 4VQFS #PXM OPX 0I XBJU IF EPFTO U SFBMMZ IBWF BOZPOF UP UISPX UIF CBMM UP *U EPFTO U NBUUFS XIBU RVBSUFSCBDL UIF #FBST CSJOH JO JG IF EPFTO U IBWF BOZPOF UP UISPX UIF CBMM UP UIFZ SF OPU HPJOH UP XJO 8JMM UIF #FBST CF B QMBZPGG UFBN * XPVME TBZ OP %FWJO )FTUFS DBUDIJOH QBTTFT KVTU JTO U RVJUF HPJOH UP HFU JU EPOF

%&3&, 30##*/4 ESPCCJOT !TJV FEV

45*-& 5 4.*5) TTNJUI !TJV FEV

%JE BOZCPEZ LOPX UIF #SPODPT XJEF SFDFJWFST CFGPSF +BZ $VUMFS NBEF UIFN SFDPHOJ[BCMF * EPO U UIJOL TP " HPPE RVBSUFSCBDL DBO NBLF UIF SFDFJWFST BSPVOE IJN CFUUFS KVTU MJLF IPX B HPPE SFDFJWFS DBO IFMQ PVU IJT 2# 5IF #FBST XJMM CF CFU UFS CVU * SFBMMZ EPO U UIJOL UIFZ SF HPPE FOPVHI UP XBSSBOU GJWF QSJNF UJNF HBNFT 5IFZ TUJMM IBWF B EFGFOTF UIBU JT TVTDFQUJCMF UP UIF QBTT *U T OJDF UIF #FBST OPX IBWF BO PGGFOTF OPU IPTUFE CZ i5IF %SJWF ,JMMFSw ,ZMF 0SUPO CVU SFBMMZ UIFZ IBWF PUIFS JTTVFT UP TPSU PVU CFGPSF UIFZ DBO USVMZ CF DBMMFE iQSJNF UJNF w

5IVSTEBZ "QSJM

#"4,&5#"--

#"4&#"--

i*U BMM DPNFT EPXO UP DBO ZPV XJO DBO ZPV SFDSVJU BOE DBO ZPV HSBEVBUF LJET PS IFMQ NBLF QSPEVDUJWF ZPVOH MBEJFT UIBU XJMM HP PVU JO UIF XPSME BGUFS UIJT w #MBZMPDL TBJE #FDBVTF UIF DPNNJUUFF JODMVEFT EJGGFSFOU QFSTQFDUJWFT .PDDJB TBJE IF TIPVME HFU B MPU PG JOQVU PO UIF OFYU IFBE DPBDI "OE #BSEP TBJE UIF OFX DPBDI TIPVME CF BCMF UP NFFU UISFF FTTFOUJBM DSJUFSJB i* XBOU UP NBLF TVSF UIBU XIPFWFS DPNFT IFSF SFNBJOT JO DPNQMJBODF XJUI UIF /$"" SVMFT BOE SFHVMBUJPOT TP UIBU XF EPO U HFU JOWPMWFE JO BOZ BDUJWJUZ XJUI UIF /$"" w #BSEP TBJE i5IF TFDPOE UIJOH JT TUVEFOU BUIMFUF XFMGBSF 5IJSEMZ QSPCBCMZ JO QSJ PSJUZ JT USZ UP XJO XIJDI JT WFSZ JNQPSUBOU UP B TUVEFOU BUIMFUF FYQFSJFODF w

"TTPDJBUF IFBE DPBDI ,FO )FOEFSTPO TBJE IF XBT QMFBTFE XJUI UIF UFBN T BUUJUVEF BOE UIF XBZ JU SBMMJFE BGUFS GBMMJOH CFIJOE XIFO UIF *MMJOJ PGGFOTF TUSVDL XJUI B CJH JOOJOH i8F HPU UPHFUIFS JO UIF EVHPVU BOE TBJE A:PV LOPX XF IBE B CBE JOOJOH CVU XF SF POMZ EPXO POF -FU T LFFQ CBUUMJOH w )FOEFSTPO TBJE i5IFO UIFZ IJU BOE UIFZ TUBZFE VQ BOE UIF BUUJUVEF XBT HSFBU w 5IF 4BMVLJT MFE UIF 'JHIUJOH *MMJOJ HPJOH UP JOUP UIF GJGUI JOOJOH CVU B TJY SVO UPQ PG UIF TJYUI CZ UIF *MMJOJ QVU UIFN BIFBE 'PS UIF GJSTU GJWF JOOJOHT JU MPPLFE BT JG UIF 4BMVLJT XPVME OPU OFFE BOPUIFS MBUF SBMMZ 4*6 TDPSFE POF SVO JO UIF TFDPOE BGUFS GSFTINBO MFGU GJFMEFS +PSEBO 4JWFSUTFO LOPDLFE JO GFMMPX GSFTINBO GJSTU CBTFNBO $ISJT 4FSSJUFMMB XJUI B TBDSJGJDF GMZ 4JWFSUTFO TUSVDL BHBJO UXP JOOJOHT MBUFS JO HSBOE GBTIJPO 5IF 4BMVLJ MFGU GJFMEFS UPPL *MMJOJ SFMJFWFS #MBLF 'BJSDIJME EFFQ PO UIF GJSTU QJUDI EFMJWFSJOH B HSBOE TMBN PWFS UIF MFGU GJFME XBMM GPS IJT TFDPOE IPNF SVO PG UIF ZFBS #VU *MMJOPJT TUSVDL CBDL 5IF *MMJOJ DBQJUBMJ[FE PO TFWFSBM 4*6 NJTUBLFT UP TDPSF TJY SVOT JO UIF TJYUI JOOJOH UP FSBTF B GJWF SVO EFGJDJU 5ISFF EJGGFSFOU 4BMVLJ SFMJFWFST TUSVHHMFE UP HFU UISPVHI UIF GSBNF /FJM )VETPO TUBSUFE UIF JOOJOH BOE EJE OPU SFUJSF B CBUUFS )F BMMPXFE UXP SVOT PO UXP IJUT CFGPSF HJWJOH XBZ UP %BOJFM 8FMMT 8FMMT QSPDFFEFE UP XBML BOE IJU B CBUUFS XJUI UIF CBTFT MPBEFE BT IF XBT BMTP VOBCMF UP SFDPSE BO PVU #SJBO 1VMMZCMBOL HBWF VQ CBDL UP CBDL IJUT BMMPXJOH UXP NPSF SVOT UP TDPSF )PXFWFS JU XBT 1VMMZCMBOL XIP XBT BCMF UP TFU BTJEF UISFF IJU UFST UP FOE *MMJOPJT UISFBU i:PV MPPL BU UIBU TJYUI JOOJOH 8F XBMLFE B DPVQMF PG HVZT IJU B DPVQMF PG HVZT 8F CBTJDBMMZ HBWF UIFN GSFF QBTTFT UIBU BMMPXFE UIFN UP QJDL VQ UIF NPNFOUVN w BTTJT UBOU DPBDI 5JN %JYPO TBJE i:PV IBWF UP IBWF TIPSU UFSN NFNPSZ USZ UP MFBSO GSPN JU w "GUFS CFJOH CMBOLFE JO UIF CPUUPN PG UIF TJYUI BOE TFWFOUI JOOJOHT UIF 4BMVLJT DBNF UISPVHI XJUI BO FMFDUSJD FJHIUI JOOJOH $FOUFS GJFMEFS $ISJT .VSQIZ TUBSUFE UIF SBMMZ XIFO IF TXJQFE TFDPOE CBTF BOE BEWBODFE UP UIJSE PO B UISPXJOH FSSPS CZ TIPSUTUPQ #SBOEPO 8JLPGG EVSJOH TFDPOE CBTFNBO 4DPUU &MNFOEPSG T BU CBU 5IFO TFOJPS DBUDIFS .BSL ,FMMZ ESPWF .VSQIZ JO XJUI B POF PVU TBDSJGJDF GMZ UP EFFQ SJHIU UZJOH UIF HBNF BU 4FSSJUFMMB QVU PO UIF GJOJTIJOH UPVDIFT GPS UIF 4BMVLJT XJUI B UXP SVO USJQMF UIBU TQMJU UIF SJHIU DFOUFS GJFME HBQ UP NBLF JU 3JHIU GJFMEFS "BSPO 3PCFSUT BEEFE BO 3#* TJOHMF BOE NBEF JU +VOJPS DMPTFS #SZBOU (FPSHF GSFTI PGG PG CSFBLJOH 4*6 T BMM UJNF TBWFT SFDPSE TFU EPXO UIF *MMJOJ GPS IJT TJYUI TBWF PG UIF ZFBS 8FEOFTEBZ T DPOUFTU SFOFXFE UIF SJWBMSZ CFUXFFO 4*6 BOE *MMJOPJT 4UBSUJOH MBTU TFBTPO UIF UFBNT XJMM QMBZ B POF BOE POF FWFSZ TFBTPO 5IF 4BMVLJT XJMM POMZ QMBZ BU 3FOU 0OF 1BSL EVSJOH HBNFT BHBJOTU UIF *MMJOJ i*U T TPNFUIJOH UP HFU FYDJUFE BCPVU NJEXFFL FTQFDJBMMZ XIFO XF QMBZ *MMJOPJT /PUIJOH HFUT ZPV NPSF FYDJUFE w )FOEFSTPO TBJE

$0/5*/6&% '30.

&%:5" # "4;$;:, ] % "*-: & (:15*"/ 4BMVLJ TFDPOE CBTFNBO "MJDJB (BS[B USJFT UP HSBC B HSPVOE CBMM EVSJOH UIFJS "QSJM EPVCMFIFBEFS BHBJOTU 8JDIJUB 4UBUF JO $BSCPOEBMF

40'5#"--

$0/5*/6&% '30.

5IF 4BMVLJ IFBE DPBDI DBMMFE PO TFOJPS ,BUJF .D/BNBSB UP QVU PVU UIF GJSF CVU UIJOHT HPU XPSTF CFGPSF UIFZ HPU CFUUFS .D/BNBSB IJU -BVSB 3PCFSUT UP GPSDF JO B SVO CFGPSF -POH UPPL UIF UISFF UJNF .JTTPVSJ 7BMMFZ $POGFSFODF 1JUDIFS PG UIF 8FFL BXBSE XJOOFS PVU PG UIF QBSL GPS B HSBOE TMBN 5IF TMBN XBT UIF CJH IJU JO UIF TFWFO SVO TJY IJU CPUUPN PG UIF GJSTU JOOJOH i,FSSJ UPME VT UIJT HBNF XBT BO BOPNBMZ BOE * UIJOL XF DBO EFGJOJUFMZ CPVODF CBDL *G XF DBO HFU UIF TVQQPSU PG UIF EFGFOTF XF WF IBE BOE UIF TVQ QPSU PG UIF PGGFOTF XF XJMM XJO B MPU PG HBNFT JO UIF GVUVSF w .D/BNBSB TBJE

5FOOFTTFF .BSUJO TDPSFE B TJOHMF SVO JO UIF CPUUPN PG UIF TFDPOE PO -BVSB -JOEPX T TFDPOE IPNFS PG UIF ZFBS UP HJWF UIF 4LZIBXLT BO MFBE 5IF 4BMVLJ CBUT BXBLFOFE JO UIF UPQ PG UIF UIJSE JOOJOH BT UIFZ TUSVOH UPHFUIFS GPVS IJUT BOE QVTIFE BDSPTT UXP SVOT $IFMTFB )FME )BMFZ (PSNBO BOE "MJDJB (BS[B TUBSUFE UIF JOOJOH XJUI CBDL UP CBDL UP CBDL TJOHMFT UP MPBE UIF CBTFT 5IJSE CBTFNBO ,BUJF 8BHOFS IJU B TBDSJGJDF GMZ UP SJHIU GJFME BOE MFGU GJFMEFS ,BUJF 4DINJEU TJOHMFE UP MFGU GJFME XIJDI TDPSFE (BS[B )PXFWFS XJUI SVOOFST PO TFDPOE BOE UIJSE XJUI UXP PVUT "MMJF )BOTPO HSPVOEFE PVU UP TFDPOE CBTF UP FOE UIF UISFBU "GUFS BMMPXJOH -POH UP TLZ IFS TFDPOE IPNF SVO PG UIF HBNF UP

HJWF UIF 4LZIBXLT B MFBE 4*6 XBT BCMF UP TDSBUDI UXP NPSF SVOT PGG 5FOOFTTFF .BSUJO TUBSUFS ,BSB )BSQFS XIP BMMPXFE IJUT JO UIF HBNF "OE GPS UIF TFDPOE TUSBJHIU JOOJOH UIF 4BMVLJT MPBEFE UIF CBTFT UIBOLT UP TJOHMFT CZ +BZNF 8BNTMFZ .BMMPSZ %VSBO BOE )FME "OE BHBJO 4*6 XBT BCMF UP TDPSF POMZ B QBJS PG SVOT 3#* HSPVOEPVUT CZ (PSNBO BOE (BS[B QVMMFE 4*6 UP XJUIJO GJWF SVOT BU CVU B .FHBO -BUJNFS IPNFS JO UIF CPUUPN PG UIF TJYUI JOOJOH JDFE UIF XJO GPS 5FOOFTFF .BSUJO i* HJWF PVS PGGFOTF DSFEJU XF PVU IJU UIFN XF KVTU MFGU SVO OFST PO CBTF BOE UIBU T XIBU HPU VT UIFSF w #MBZMPDL TBJE i* UIJOL UIFZ IBE B HPPE BQQSPBDI BOE SFBMMZ IBE B HPPE NFOUBMJUZ BU UIF QMBUF /FWFS HPU EPXO OFWFS QSFTTFE XF KVTU EJEO U

DPNF VQ XJUI IJUT XJUI SVOOFST JO TDPSJOH QPTJUJPO XIFO XF OFFEFE UP w 4*6 XJMM BUUFNQU UP MPPL QBTU UIJT HBNF BT JU SFUVSOT UP DPOGFSFODF QMBZ BHBJOTU BSDISJWBM $SFJHIUPO 4BUVSEBZ JO 0NBIB /FC 5IF 4BMVLJT IBWF BMMPXFE SVOT JO UIFJS MBTU UXP SPBE HBNFT CVU QSJPS UP BMMPXJOH SVOT PO IJUT BHBJOTU 5FOOFTTFF .BSUJO 4*6 TXFQU B EPVCMFIFBEFS GSPN 8JDIJUB 4UBUF BOE IBE XPO FJHIU PG JUT MBTU OJOF DPOUFTUT #MBZMPDL TBJE UIF UFBN OFFEFE UP QVU UIJT HBNF JO UIF QBTU i* UPME UIF QJUDIJOH TUBGG ZPV WF HPU UP UISPX UIJT HBNF JO UIF USBTI BOE ZPV IBWF UP MFU JU HP w #MBZMPDL TBJE i:PV IBWF B TFSJFT DPNJOH VQ XIFSF ZPV SF HPJOH UP OFFE UP IBWF ZPVS DPOGJEFODF w

$0/5*/6&% '30.

4Ä¡Ä Ä£Ä¥Ä¤ %" * -: & ( : 1 5 * " /

5)634%":

*/4*%&3 QBHF "SF UIF #FBST SFBEZ GPS QSJNF UJNF 0/-*/& TJV%& DPN 'PS NPSF PO UIF 4*6 *MMJOJ CBTFCBMM HBNF DIFDL PVU UIF %& 4QPSUT #MPH

"13*-

#"4&#"--

&JHIUI JOOJOH SBMMZ FMJNJOBUFT *MMJOJ

80.&/ 4 #"4,&5#"--

#BSEP #MBZMPDL LOPX XIBU JU UBLFT JO DPBDI TFBSDI 'BDVMUZ SFQ TPGUCBMM DPBDI PO TFBSDI DPNNJUUFF -VJT $ .FEJOB %"*-: &(:15*"/

-$. !4*6 &%6

-"/& $)3*45*"/4&/ ] % "*-: & (:15*"/ 4BMVLJ PVUGJFMEFS $ISJT .VSQIZ DFOUFS IVHT GFMMPX PVUGJFMEFS +PSEBO 4JWFSUTFO BT UIFZ XBML PGG UIF GJFME BMPOH XJUI JOGJFMEFS 4DPUU &JNFOEPSG SJHIU BGUFS TIBLJOH IBOET XJUI UIF *MMJOJ CBTFCBMM QMBZFST BU UIF FOE PG 4*6 T XJO 8FEOFTEBZ BU 3FOU 0OF 1BSL JO .BSJPO 5IF POMZ IPNF SVO PG UIF HBNF XBT B HSBOE TMBN CZ 4JWFSUTFO

3ZBO 7PZMFT %"*-: &(:15*"/

370:-&4!4*6 &%6

5 IF 4*6 CBTFCBMM UFBN T MBUF JOOJOH IFSPJDT IFMQFE JU DBQUVSF JUT TFDPOE TUSBJHIU XJO 5IJT UJNF JU XBT BHBJOTU UIF 4BMVLJT JO TUBUF SJWBM " EBZ BGUFS QJDLJOH VQ B JOOJOH XJO BHBJOTU 4PVUIFBTU .JTTPVSJ 4UBUF 4*6 VTFE B GPVS SVO FJHIUI JOOJOH UP PWFS DPNF UIF 6OJWFSTJUZ PG *MMJOPJT 8FEOFTEBZ BU 3FOU 0OF 1BSL JO .BSJPO 5IF XJO TOBQT 4*6 T GJWF HBNF MPTJOH TUSFBL BHBJOTU *MMJOPJT 4FF #"4&#"-- ]

¶¶ *

4BMVLJ PVUGJFMEFS $ISJT .VSQIZ EPEHFT B CBMM JO QMBZ BT IF SBO UP TFDPOE CBTF EVSJOH 4*6 T XJO PWFS 6OJWFSTJUZ PG *MMJOPJT 8FEOFTEBZ BU 3FOU 0OF 1BSL JO .BSJPO -"/& $)3*45*"/4&/ % "*-: & (:15*"/

U BMM DPNFT EPXO UP DBO ZPV XJO DBO ZPV SFDSVJU BOE DBO ZPV HSBEVBUF LJET PS IFMQ NBLF QSPEVDUJWF ZPVOH MBEJFT UIBU XJMM HP PVU JO UIF XPSME BGUFS UIJT

Â&#x2030; ,FSSJ #MBZMPDL TPGUCBMM DPBDI

TDPSFE GPVS SVOT PO GPVS IJUT BHBJOTU UIF 4*6 TUBSUFS +FOOZ #BJO TUBSUFE UIF GJSTU JOOJOH SBMMZ XJUI B TJOHMF CFGPSF BEWBODJOH UP TFDPOE CBTF PO B TBDSJGJDF CVOU .FHBO 8JMMJBNT TUSPLFE B 3#* TJOHMF EPXO UIF MFGU GJFME MJOF UP HJWF 5FOOFTTFF .BSUJO B MFBE *U XBT UIF GJSTU PG UISFF TUSBJHIU TJOHMFT XIJDI MPBEFE UIF CBTFT DBVTJOH #MBZMPDL UP QVMM 8BUFST BGUFS B TIPSU TUJOU

#MBZMPDL XIP XBT PO UIF TBNF TFBSDI DPNNJUUFF UIBU IFMQFE IJSF GPPUCBMM DPBDI %BMF -FOOPO TBJE TIF XBT HMBE .PDDJB USVTUT IFS FOPVHI UP QVU IFS PO UIF DPN NJUUFF 5IF 4BMVLJ TPGUCBMM UFBNT SBOL /P JO UIF 64" 5PEBZ QPMM BOE TJODF DPNJOH UP 4*6 JO #MBZMPDL IBT QPTUFE B PWFSBMM SFDPSE JODMVEJOH B NBSL JO .JTTPVSJ 7BMMFZ $POGFSFODF HBNFT #MBZMPDL TBJE FWFO UIPVHI TIF CFMJFWFT UIFSF JT OPU POF QBSUJDVMBS iSJHIU TUZMF w UIFSF BSF TFWFSBM GBD UPST JO GJOEJOH B HPPE DBOEJEBUF JODMVEJOH LOPXMFEHF PG UIF HBNF SFDSVJUJOH BCJMJUZ BOE SFMBUJPOTIJQ XJUI UIF VOJWFSTJUZ T BENJOJTUSB UJPO

4FF 40'5#"-- ]

4FF #"4,&5#"-- ]

40'5#"--

4LZIBXLT GMZ CZ 4BMVLJT /P 4*6 TMJEFT BGUFS BMMPXJOH TFWFO SVO GJSTU

JO UIF DJSDMF XBT OFHBUFE CZ UIF 4LZIBXLT TUSFOHUI BU UIF QMBUF JO 5FOOFTTFF .BSUJO T XJO 8FEOFTEBZ BU #FUUZF (JMFT 'JFME -VJT $ .FEJOB JO .BSUJO 5FOO %"*-: &(:15*"/ 5FOOFTTF .BSUJO

-$. !4*6 &%6 TNBDLFE BSPVOE UIF 4*6 QJUDI JOH TUBGG BT JU DPMMFDUFE IJUT 5 IF 4*6 TPGUCBMM UFBN FOUFSFE JODMVEJOH GPVS IPNF SVOT 'JWF JUT HBNF BHBJOTU 5FOOFTTFF .BSUJO EJGGFSFOU 4LZIBXLT IBE NVMUJ IJU CFIJOE UIF TUSFOHUI PG B QJUDI HBNFT MFE CZ TFDPOE CBTFNBO JOH TUBGG DPNJOH PGG CBDL UP CBDL (SFFS -POH -POH XFOU GPS XJUI UXP TIVUPVUT )PXFWFS UIF 4BMVLJT TUSFOHUI IPNF SVOT UXP SVOT TDPSFE BOE

4 *6 "UIMFUJD %JSFDUPS .BSJP .PDDJB TBJE IF IBE B MJTU PG UP UIJOHT IF JT MPPLJOH GPS JO UIF OFX 4*6 XPNFO T CBTLFUCBMM DPBDI .PDDJB JT OPU UIF POMZ POF XJUI BO JEFB PG XIBU UIFZ XBOU PVU PG %BOB &JLFOCFSH T TVDDFTTPS i* N MPPLJOH GPS TPNFPOF XIP XBOUT UP XJO PG DPVSTF #VU * N MPPLJOH GPS TPNFPOF XIP XBOUT UP XJO XIJMF LFFQJOH JO NJOE UIF XFMGBSF PG UIF TUVEFOU BUIMFUFT w TBJE )BSPME #BSEP UIF VOJWFSTJUZ T GBD VMUZ BUIMFUJD SFQSFTFOUBUJWF i'PS NF XIBU T GJSTU BOE GPSFNPTU JT UIBU TUVEFOU BUIMFUFT IBWF B HPPE FYQF SJFODF IFSF BOE UIBU UIFZ SF QSPVE PG UIF UJNF UIFZ WF TQFOU IFSF BOE QMBZFE IFSF BU UIF VOJWFSTJUZ w #BSEP JT POF PG UIF GJWF NFN CFST PO UIF DPNNJUUFF SFTQPOTJ CMF GPS IJSJOH UIF OFYU XPNFO T CBTLFUCBMM DPBDI XIJDI JT TQFBS IFBEFE CZ .PDDJB 5IF DPNNJUUFF BMTP JODMVEFT JOUFSDPMMFHJBUF BUIMFUJD DPNNJUUFF DIBJSNBO BOE BTTPDJBUF EFBO PG UIF $PMMFHF PG &OHJOFFSJOH +PIO /JDLMPX MPDBM CVTJOFTTNBO (SFH $PPL BOE TPGUCBMM DPBDI ,FSSJ #MBZMPDL

GJWF SVOT CBUUFE JO i* WF HPU UP HJWF 5FOOFTTFF .BSUJO DSFEJU UIFZ KVTU HBWF VT BO PME GBTIJPOFE CVUU XIPPQJO w IFBE DPBDI ,FSSJ #MBZMPDL TBJE i* XPVME DBMM UIJT BO BOPNBMZ *G XF QMBZ UIFN UJNFT * N HPJOH UP UBLF PVS QJUDIFST UJNFT 4PNF EBZT ZPV KVTU IBWF B CBE EBZ -FU T IPQF UIJT XBT PVS CBE EBZ w 4PQIPNPSF /JLLJ 8BUFST GBDFE GJWF CBUUFST CVU SFUJSFE POMZ POF PG UIFN BT UIF 4LZIBXLT