2series Coupe

8/10/2019 2series Coupe

1/35

#.8 4FSJFT$PVQ

XXXCNXDPN4IFFS

%SJWJOH 1MFBTVSF

#.8 &GGJDJFOU%ZOBNJDT-FTT FNJTTJPOT .PSF ESJWJOH QMFBTVSF

5)& #.8 4&3*&4 $061-&44 36-&4 .03& 1&3'03."/$&


2/35


3/35

$POUFOU

IF #.8 4FSJFT $PVQ

/:5)*/( #65"*/453&".

5FDIOPMPHZ

*//07"5*0/4 5)"5.07& :06

&RVJQNFOU

"4 */%*7*%6"-"4 :06

&YUFSJPS5IF EFTJHO PG UIF #.8 4FSJFT $PVQ

%ZOBNJDT#VJMU GPS NBYJNVN ESJWJOH QMFBTVSF

#.8 .J. HFOFT JODMVEFE

*OUFSJPS'BTDJOBUJOH EFTJHO DPOWJODJOH

GVODUJPOBMJUZ

"FSPEZOBNJDT-FTT ESBH NPSF ESJWJOH QMFBTVSF

5FDIOPMPHZ*OOPWBUJPO JO FWFSZ EFUBJM

#.8 $POOFDUFE%SJ WF$POOFDUFE UP FWFSZUIJOH UIBU DPVOUT

5IF #.8 4FSJFT $PVQ" TUSPOH DIBSBDUFS

#.8 $POOFDUFE%SJWF4P DPOOFDUFE ZPVSF GSFF

#.8 &GfiDJFOU%ZOBNJDT5IF UFDIOPMPHZ QBDLBHF GPS SFEVDFEFNJTTJPOT BOE NPSF ESJWJOH QMFBTVSF

#.8 5XJO1PXFS 5VSCP FOHJOFT"DDFMFSBUF ZPVS QVMTF NJOJNJTF ZPVS

GVFM DPOTVNQUJPO

. 1FSGPSNBODF#FHJOT XIFSF PUIFST TUPQ

$IBTTJT BOE TBGFUZ*OOPWBUJWF TZTUFNT GPS FOIBODFEESJWJOH QMFBTVSF

&RVJQNFOU WBSJBUJPOT

$PMPVST VQIPMTUFSZ BOE JOUFSJPS USJNT

4UBOEBSE 0QUJPOBM FRVJQNFOU

0SJHJOBM #.8 "DDFTTPSJFT

0WFSWJFXT

" 46.."3: 0'&7&3:5)*/( 0/ 0''&3

5FDIOJDBM EBUB BOE JOGPSNBU JPO POGVFM DPOTVNQUJPO BOE $0

FNJTTJPOT

#.8 4FSWJDF

#.8 4FSWJDF #.8 'JOBODJBM 4FSWJDFTBOE UIF #.8 CSBOE FYQFSJFODF

&EJUPSJBM

" $"3 5)"5 (0*54 08/ 8":

&RVJQNFOU PG NPEFM TIPXO #.8 .J

&OHJOF #.8 . 1FSGPSNBODF5XJO1PXFS 5VSCPTJYDZMJOEFS JOMJOF QFUSPM FOHJOF

.BY PVUQVU L8 IQ

8IFFMT . MJHIU BM%PVCMFTQPL

&YUFSJPS DPMPVS .FMCPVSOF 36QIPMTUFSZ %BLPUB MFBUIF*OUFSJPS USJN "MVNJOJVN )

&RVJQNFOU PG NPEFM TIPXO #.8 E XJUI 4QPSU -JOF

&OHJOF #.8 5XJO1PXFS 5VSCPGPVSDZMJOEFS EJFTFM FOHJOF

.BY PVUQVU L8 IQ

8IFFMT MJHIU BMMPZ%PVCMFTQPL

&YUFSJPS DPMPVS #MBDL 4BQQIJ6QIPMTUFSZ %BLPUB MFBUIF*OUFSJPS USJN 'JOFMZ #SVTIF

'PS JOGPSNBUJPO PO GVFM DPOTVNQUJPO BOE $0 FNJTTJPOT QMFBTF TFF Q ]

*UT XJME %FGJOFE CZ WFSWF QBTTJPO B EFTJSF UP DIBMMFOHF MJNJUT

SFCFMMJPVT DIBSBDUFS PG UIF #.8 4FSJFT $PVQ JT FYIJMBSBUJOHBMM DPOWFOUJPOT CFIJOE *UT FYUSBPSEJOBSZ BHJMJUZ JT BO JNNFEJBUFBT JT JUT TVQSFNF FGGJDJFODZ 5PHFUIFS XJUI UIF EJTUJODUJWF GSPOUEFTJHO UIF EZOBNJD XFEHFTIBQFE CPEZ DMFWFS JOUFSJPS GVOBOE UIF VOFYQFDUFE BNPVOU PG TQBDF JO UIF DBCJO UIJT DSFBUFFYQFSJFODF UIBU LOPXT OP DPNQSPNJTFT #F BNB[FE &YQFSJ#.8 4FSJFT $PVQ

XXXCNXDPNTFSJFTDPVQ


4/35

0/& -00, *4

"-- *5 5",&4

5IF GSPOU EFTJHO PG UIF #.8 4FSJFT $PVQ SFQSFTFOUT QVSF TQPSUJOFTT 5IF JOUFOTF HB[F PG UIF

QPJOUFE IFBEMJHIUT JT GPDVTFE PO UIF SPBE 5IF GPVS DPOUPVS MJOFT PO UIF CPOOFU WJTVBMJTF UIF BJS TUSFBNTGMPXJOH BDSPTT JU *UT EZOBNJD TVSGBDFT DPBMFTDF XJUI UIF IBMMNBSL #.8 LJEOFZ HSJMMF &WFSZ EFUBJM JT

BCPVU NPWFNFOU OPUIJOH JT TUBUJD 8IBU ZPV TFF JT B TQJSJUFE QPXFSGVM DIBSBDUFS UIBU JT SBSJOH UP HPBOE TIPX XIBU JU DBO EP


5/35

$0/26&35)& 30"%*O UIF EFWFMPQNFOU PG UIF #.8 4FSJFT $PVQ BMM DPNQPOFOUT TVDI BT EFTJHO CPEZ BOE TUFFSJOHXFSF GSPN UIF WFSZ CFHJOOJOH DPODFJWFE GPS NBYJNVN TQPSUJOFTT *OOPWBUJWF UFDIOPMPHJFT TVDI BT

%ZOBNJD 5SBDUJPO $POUSPM 7BSJBCMF 4QPSU 4UFFSJOH "EBQUJWF 4VTQFOTJPO BOE OVNFSPVT ESJWFSBTTJTUBODF TZTUFNT BSF BWBJMBCMF BT PQUJPOT *O BEEJUJPO %SJWJOH &YQFSJFODF $POUSPM FOBCMFT ZPV UP

EFDJEF GPS ZPVSTFMG KVTU IPX NVDI BEEJUJPOBM TQPSUJOFTT SJEF DPNGPSU PS GVFM FGGJDJFODZ ZPV XBOU JOBOZ HJWFO TJUVBUJPO "DUJWBUJOH 41035 NPEF GPS FYBNQMF JO DPOKVODUJPO XJUI UIF PQUJPOBM "EBQUJWF

4VTQFOTJPO TXJUDIFT UP B TUJGGFS TVTQFOTJPO TFUVQ BMPOH XJUI NPSF EJSFDU TUFFSJOH BOE BDDFMFSBUPSQFEBM SFTQPOTF


6/35

4&-'3&"-*4"5*0/8*5) )1


7/35

3&83*5&4 5)&

36-& #00,

5IF EJTUJODUJWF SFBS PG UIF #.8 4FSJFT $PVQ FNQIBTJTFT UIF WFIJDMFT XJEF USBDL XJUIJUT IPSJ[POUBM MJOFT 5IF DPOUPVST PG UIF CPPU MJE QSFDJTFMZ GSBNF UIF UZQJDBM -TIBQFE UBJMMJHIUT

XJUI UIFJS -&% MJHIU HVJEFT VOEFSTDPSJOH UIF WFIJDMFT XJEUI "O FWFO TQPSUJFS WFSTJPO PG UIF#.8 4FSJFT $PVQ JT UIF .J SBOHF UPQQFS *U DPNFT XJUI B TPDBMMFE HVSOFZ B XJOE

UVOOFMUFTUFE TQPJMFS MJQ PO UIF CPPU MJE 5IJT JODSFBTFT EPXOGPSDF BU IJHI TQFFE GPS NPSFEJSFDU QPXFS USBOTNJTTJPO UP UIF SPBE BOE BO FWFO NPSF JNQSFTTJWF ESJWJOH FYQFSJFODF


8/35

3&"%:50 #& '3&&&WFSZUIJOH JO WJFX FWFSZUIJOH XJUIJO SFBDI UIF DPDLQJU PG UIF #.8 4FSJFT $PVQ SFGMFDUTB UIPSPVHI DPNNJUNFOU UP #.8 ESJWFS PSJFOUBUJPO 5IF VQQFS QBSU PG UIF DFOUSF DPOTPMF JT

FSHPOPNJDBMMZ JODMJOFE UPXBSET UIF ESJWFS 5IF GSFFTUBOEJOH $POUSPM %JTQMBZ PG UIF PQUJPOBM

/BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM TIPXT UIF SFMFWBOU EBUB FOBCMJOH ZPV UP LFFQ BMM WFIJDMF GVODUJPOTVOEFS DPOUSPM &RVBMMZ BQQBSFOU UP CPUI FZF BOE UPVDI UIF IJHIRVBMJUZ DBSFGVMMZ DPPSEJOBUFE

NBUFSJBMT BOE FYDFMMFOU XPSLNBOTIJQ 5IFSF JT BMTP B GBTDJOBUJOH BNPVOU PG TQBDF BOE XJUI IBOEZGVODUJPOT MJLF UIF PQUJPOBM TQMJU SFBS TFBU CFODI PS JOUFMMJHFOU TUPSBHF DPNQBSUNFOUT

UIF #.8 4FSJFT $PVQ CPBTUT PVUTUBOEJOH WFSTBUJMJUZ


9/35

-&44 %3"(.03& 108&3

5IBOLT UP JUT BFSPEZOBNJD EFTJHO BOE OVNFSPVT JOOPWBUJWF #.8 &GGJDJFOU%ZOBNJDT NFBTVSFT EFTJHOFE UP SFEVDF ESBH UIF QPXFSGVM

#.8 4FSJFT $PVQ DBO EFWFMPQ JUT GVMM QPUFOUJBM 5IF JOUFHSBUFE "JS $VSUBJO GPS FYBNQMF GFBUVSJOH UXP WFSUJDBM TMPUT JO UIF CSPBEEJTUJODUJWF GSPOU BQSPO EJSFDUT UIF BJS TUSFBN BMPOH UIF GSPOU XIFFM BSDIFT SFEVDJOH BJS UVSCVMFODF UIBU XPVME TMPX UIF WFIJDMF EPXO

5IJT EPFT OPU KVTU SFEVDF UIF WFIJDMFT ESBH DPFGGJDJFOU JU BMTP NJOJNJTFT GVFM DPOTVNQUJPO BOE $0FNJTTJPOT


10/35

" $"3 8*5)065

$0.1&5*5034:PV TIPVME BMXBZT FYQFDU B MJUUMF NPSF 'PS FYBNQMF XIFO JU DPNFT UP NBYJNVN

BDDFMFSBUJPO GSPN B TUBOEJOH TUBSU 5IF -BVODI $POUSPM GVODUJPO PG UIF PQUJPOBMFJHIUTQFFE 4UFQUSPOJD TQPSU USBOTNJTTJPO FOBCMFT UIF VTF PG PQUJNBM XIFFM TMJQ

BOE NBYJNVN FOHJOF QPXFS DPNCJOFE XJUI JEFBM HFBSTIJGU UJNJOH 5IF &$0 130NPEFT DPBTUJOH GVODUJPO BWBJMBCMF GPS 4UFQUSPOJD USBOTNJTTJPOT WJB %SJWJOH &YQFSJFODF$POUSPM JODMVEFE BT TUBOEBSE NBLFT GPS FOIBODFE FGGJDJFODZ CZ VODPVQMJOH UIFFOHJOF GSPN UIF ESJWFUSBJO XIFOFWFS ZPV FBTF PGG UIF BDDFMFSBUPS QFEBM *O UIJT XBZ

UIF WFIJDMF DBO TBJM PO XJUIPVU VTJOH GVFM


11/35

,/084 0/-:

0/& %*3&$5*0/

'038"3%


12/35

%&$-"3& :063

*/%&1&/%&/$&

#.8 $POOFDUFE%SJWF QSPWJEFT ZPV XJUI NPSF GSFFEPN UISPVHI JODBS DPOOFDUJWJUZ GFBUVSFT UIBU MJOL ZPV BOE ZPVS WFIJDMF UP UIF XPSME ZPV MJWF JO 5IF PQUJPOBM $POOFDUFE%SJWF4FSWJDFT GPS FYBNQMF PGGFS ZPV B NVMUJUVEF PG JOUFMMJHFOU TFSWJDFT BOE BQQT UIBU QSPWJEF

ZPV XJUI BDDFTT UP JOGPSNBUJPO BOE FOUFSUBJONFOU DPOUFOU XIJMF ZPVSF PO UIF NPWF6TF UIF PQUJPOBM 3FBM 5JNF 5SBGGJD *OGPSNBUJPO GFBUVSF GPS VQUPUIFNJOVUF JOGPSNBUJPO

PO UIF USBGGJD TJUVBUJPO PS SFMZ PO #.8 0OMJOF &OUFSUBJONFOU GPS UIF QFSGFDU TPVOEUSBDLUP BDDPNQBOZ FWFSZ TJUVBUJPO #.8 $POOFDUFE%SJWF %SJWFS "TTJTUBODF TZTUFNT TVDI BT

UIF %SJWJOH "TTJTUBOU JODMVEJOH -BOF %FQBSUVSF 8BSOJOH BOE "QQSPBDI BOE 1FEFTUSJBO

8BSOJOH XJUI DJUZ CSBLJOH GVODUJPO NBLF ESJWJOH MFTT TUSFTTGVM BOE TBGFS "OPUIFS GFBUVSFCVOEMFE XJUI UIF %SJWJOH "TTJTUBOU UIF "UUFOUJWFOFTT "TTJTUBOU XIJDI NPOJUPST ESJWFS

CFIBWJPVS BOE FNJUT B XBSOJOH TPVOE XIFO JU EFUFDUT TJHOT PG GBUJHVF

Z OPU CF BWBJMBCMF JO BMM DPVOUSJFT 1MFBTF DPOTVMU ZPVS #.8 QBSUOFS


13/35

-00,4 '03 '3&&%0.

'*/%4 *54&-'

5IF #.8 4FSJFT $PVQ BOE UIF #.8 TIBSF PWFS ZFBST PG IJTUPSZ 8IBU UI

JO DPNNPO JT UIBU UIFZ BSF BOJNBUFE CZ UIF TBNF TQJSJU " TQJSJU UIBU JT GVMM PG DVSJPTJUZ B

PG EJTDPWFSZ XIJDI FYQMPSFT OFX QBUIT BOE SFBMJTFT UIBU UIF POMZ UIJO H UIBU JT DPOTUBOU 5IF #.8 4FSJFT $PVQ XBT EFWFMPQFE XJUI UIFTF JEFBT JO NJOE JU XBT EFTJHOFE UP

GBTDJOBUF BOE USJHHFS FNPUJPOT &OUFS JU BOE FYQFSJFODF B TQPSUT DPVQ MJLF OP PUIFS


14/35

#.8 $POOFDUFE%SJWF

0VS FWFSZEBZ MJWFT BSF CFDPNJOH NPSF BOE NPSF D POOFDUFE #.8 ESJWFST IPXFWFS FOKPZ CFUUFSDPOOFDUJPOT UIBO NPTU 5IFZ DBO TPVSDF JOGPSNBUJPO DPNNVOJDBUF CZ UFMFQIPOF BOE FNBJM LFFQBO FZF PO UIF USBGfiD BOE HFOFSBMMZ TUBZ VQ UP EBUF XIJMF PO UIF NPWF 5IF TFSWJDFT UIBU TP FGGFDUJWFMZOFUXPSL #.8 WFIJDMFT XJUI UIF PVUTJEF XPSME BSF HSPVQFE VOEFS POF UFSN #.8 $POOFDUFE%SJWF

#.8 $POOFDUFE%SJWF4P DPOOFDUFE ZPVSF GSFF

#.8 $POOFDUFE%SJWFXJUI JUT JOUFMMJHFOU TFSWJDFT BOE BTTJTUBODF TZTUFNT JT SFBEZ XJUI BMM UIF S JHIUFRVJQNFOU #.8 $POOFDUFE%SJWF 4FSWJDFT "QQT PGGFS NPSF GSFFEPN CZ QSPWJEJOH WFSTBUJMF DPOOFDUJPOTCFUXFFO UIF ESJWFS WFIJDMF BOE UIF PVUTJEF XPSME #.8 $POOFDUFE%SJWF %SJWFS "TTJTUBODF TZTUFNTNBLF ESJWJOH B #.8 TBGFS BOE NPSF DPNGPSUBCMF "OE JOUFMMJHFOU TZTUFNT NBLF MJGF FBTZ GPS UIF ESJWFS BOENJOJNJTF UIF EBOHFST PG USBGfiD

'PS NPSF JOGPSNBUJPO QMFBTF TFF

XXXCNXDPN$POOFDUFE%SJWF

$0//&$5&% %3*7& 4&37*$&4

$POOFDUFE%SJWF 4FSWJDFT TFBNMFTTMZ DPOOFDU ZPV UP FWFSZUIJOH UIBUT JNQPSUBOU UP ZPV BOE UP UIF QFPQMF ZPV XBOU UP CF DMPTF UP &WCFFO EFTJHOFE UP FOIBODF ZPVS ESJWJOH FYQFSJFODF 5IF $POOFDUFE%SJWF 4FSWJDFT PGGFS B DPNQSFIFOTJWF TFMFDUJPO PG TFSWJDFT BOE BQ

'BDFCPPL XFC SBEJP NFTTBHF EJDUBUJPO BOE NBOZ PUIFST # .8 0OMJOF BMXBZT LFFQT ZPV VQ UP EBUF FOBCMJOH ZPV UP SFDFJWF SFBE BOEEJSFDUMZ JO ZPVS DBS VTJOH #.8 0OMJOF 0GGJDF 1FUSPM TUBUJPOT MPDBM TJHIUT BOE DPVOUSZ JOGPSNBUJPO BSF EJTQMBZFE BMPOH UIF XBZ 0ODF ZP

BU ZPVS EFTUJOBUJPO UIF TZTUFN XJMM IFMQ ZPV GJOE B DBTI NBDIJOF PS UIF OFBSFTU DBS QBSL

*G ZPV EFDJEF UP PSEFS ZPVS WFIJDMF XJUI UIF PQUJPOBM $POOFDUFE%SJWF 4FSWJDFT ZPV CFOFfiU GSPN UIF BWBJMBCJMJUZ PG B HSFBU OVNCFS PG BEE XJUI flFYJCMF BDDFTT WJB UIF #.8 $POOFDUFE%SJWF 4UPSF 5IJT QSPWJEFT ZPV XJUI JOEJWJEVBMJTFE JOGPSNBUJPO PO UIF SBOHF PG TFSWJDFT B

BMMPXJOH ZPV UP CPPL UIFN EJSFDUMZ GSPN ZPVS WFIJDMF PS WJB ZPVS .Z #.8 $POOFDUFE%SJWF DVTUPNFS QPSUBM PO ZPVS IPNF 1$ PS UBCJU JT BMXBZT VQ UP ZPV UP EFDJEF XIJDI PG UIF NBOZ WBSJFE TFSWJDFT ZPV XBOU UP VTF

.BZ OPU CF BWBJMBCMF JO BMM DPVOUSJFT 1MFBTF DPOUBDU ZPVS #.8 QBSUOFS %VF UP CFDPNF BWBJMBCMF GSPN FOE PG


15/35

.8 $0//&$5&% %3*7& 4&37*$&4 "114 /5&--*(&/5 $0//&$5*7*5:

F #.8 $POOFDUFE%SJWF 4FSWJDFT "QQT DPOGJHVSJOH UIFN BDDPSEJOH UP ZPVS JOEJWJEVBM OFFET JT OPX RVJDLFS BOE FBTJFS UIBO FWFS CFGPSFOU UP MJTUFO UP ZPVS GBWPVSJUF NVTJD PO FWFSZ KPVSOFZ /P QSPCMFN XJUI "61&0 QFSTPOBM JOUFSOFU SBEJP

#.8 $POOFDUFE%SJWF

#-6&5005) 0''*$&

"-8":4 */ 506$)#MVFUPPUI 0GfiDF FOBCMFT #.8 PGfiDF GVODUJPOT TVDI BT FNBJMT

BQQPJOUNFOUT UBTLT DPOUBDUT BOE UFYU NFTTBHFT UP CF TIPXO POUIF $POUSPM %JTQMBZ PS SFBE BMPVE PWFS UIF BVEJP TQFBLFST VTJOH UIF

SFBEBMPVE GVODUJPO "MM DPNQBUJCMF NPCJMF FOE EFWJDFT BSF MJTUFEBU XXXCNXDPNCMVFUPPUI

*/5&3/&5

*/'03."5*0/ "5 :063 '*/(&35*148IFUIFS ZPV OFFE UP DIFDL UIF CBMBODF J O ZPVS CBOL BDDPVOU QMBDF B CJE

PO F#BZ PS MPPL TPNFUIJOH VQ JO 8JLJQFEJB UIF #.8 $POOFDUFE%SJWF*OUFSOFU PQUJPO FOTVSFT UIBU ZPV DBO EP XIBUFWFS ZPV OFFE UP EP POMJOF

5P FOBCMF ZPV UP TVSG UP ZPVS IFBSUT DPOUFOU UIF J%SJWF $POUSPMMFS JO UIFDFOUSF DPOTPMF EPVCMFT BT B DPNQVUFS NPVTF

"61&0 1&340/"- */5&3/&5 3"%*0

$3&"5& :063 08/ 3"%*0 130(3"..&8JUI B TNBSUQIPOF BOE UIF GSFF "61&0 QFSTPOBM JOUFSOFU SBEJP BQQ ZPV

DBO NBLF TVSF UIBU ZPV XJMM POMZ FWFS IFBS NVTJD UIBU ZPV MJLF $VTUPNJTBCMFJOUFSOFU SBEJP BEBQUT JUTFMG UP ZPVS NVTJDBM UBTUF $IPPTF GSPN PWFS NVTJD HFOSFT UP BDDFTT B NVTJD MJCSBSZ UIBU DVSSFOUMZ DPNQSJTFT PWFS POF NJMMJPOTPOHT 6TF UIF -PWF BOE #BO CVUUPOT JO UIF $POUSPM %JTQMBZ UP EFfiOF

ZPVS NVTJDBM QSFGFSFODFT 5IF TNBSUQIPOF JT DPOOFDUFE UP UIF DBS WJB UIFTOBQJO BEBQUFS PS B DBCMF SFDPNNFOEFE CZ #.8 5IJT GVODUJPO SFRVJSFT

UIF /BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM

#.8 $0//&$5&% %3*7& %3*7&3 "44*45"/$& " $0%3*7&3 8)0 5)*/,4 ")&"%#.8 $POOFDUFE%SJWF %SJWFS "TTJTUBODF JODMVEFT JOOPWBUJWF GVODUJPOT UIBU FOIBODF TBGFUZ BOE DPOWFOJFODF NBYJNJTJOH ZPVS ES3FBDIJOH FWFSZ EFTUJOBUJPO TBGFMZ BOE RVJDLMZ /P QSPCMFN XJUI UIF /BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM "MXBZT CFJOH TVSF XIFUIFS ZPV B

PWFSUBLF PS OPU 5IF 4QFFE -JNJU *OGP UFMMT ZPV

.BZ OPU CF BWBJMBCMF JO BMM DPVOUSJFT 1MFBTF DPOTVMU ZPVS #.8 QBSUOFS5IF JNBHFT TIPXO IFSF BSF FRVJQNFOU FYBNQMFT 'FBUVSFT BSF JOEJWJEVBMMZ TQFDJfiD UP FWFSZ #.8 %FQFOEJOH PO UIF NPEFM UIF $POUSPM %JTQMBZ BOE QSFTFOUBUJPO PG DPOUFOU NBZ EJGGFS

41&&% -*.*5 */'0 5)& 41&&% -*.*5 *4 3*()5 8)&3& :06 /&&% *5 85IJT ESJWFS BTTJTUBODF TZTUFN BWBJMBCMF VQPO SFRVFTU TIPX

TQFFE MJNJU BOE JOGPSNBUJPO PO OPPWFSUBLJOH [POFT JO UIF JOXJUI FYUFOEFE GVODUJPOBMJUZ " TQFDJBM DBNFSB SFHJTUFST SFMFW

BOE UIF JOGPSNBUJPO JT QSPDFTTFE WJB B DPOUSPM VOJU BMPOH XJUOBWJHBUJPO TZTUFN 'FBUVSFT JODMVEJOH UIF SBJO TFOTPS BSF BM

TP UIBU WBSJBCMF TQFFE MJNJUT UIBU BQQMZ JO XFU DPOEJUJPOT PS PG EBZ BSF BMTP SFHJTUFSFE *O UIJT XBZ UIF ESJWFS JT BQQSPQSJB

UIF TJUVBUJPO BIFBE

/&8 (&/&3"5*0/ /"7*("5*0/ 4:45&. 130'&44#3&"5)5",*/(-: %*7&34&'FBUVSJOH B IJHISFTPMVUJPO BOE QSFDJTFMZ EFUBJMFE DPMP

TZTUFN BMTP PGGFST B RVJDLTUBSU GVODUJPO BOE EFMBZGSFF JOPQFSBUJPO "EEJUJPOBMMZ % NBQ OBWJHBUJPO XJUI JNQSPWFE S

3FBM 5JNF 5SBGfiD *OGPSNBUJPO PQUJPOBM BOE OFX GFBUVSFT

-"/& %&1"3563& 8"3/*/( 45": 0/ 53"$, 45": 4"'&5IJT PQUJPO EFUFDUT MBOF NBSLJOHT PO UIF SPBE 8IFO UI

UISFBUFOJOH UP SVO PWFS UIF NBSLJOH UIF ESJWFS JT BMFSUFE CZ UISPVHI UIF TUFFSJOH XIFFM *G UIF ESJWFS IBT BDUJWBUFE UIF

NFBOJOH UIBU UIF MBOF DIBOHF JT JOUFOUJPOBM OP XBSOJOH J


16/35


17/35

.8 &/(*/&4 ."9*.6. &9$*5&.&/5.*/*.6. '6&- $0/46.15*0/

F QFUSPM FOHJOFT5IF #.8 5XJO1PXFS 5VSCP UFDIOPMPHZ DPODFQU JT VTFE JO BMM QFUSPM FOHJOFT *OOPWBUJWF UVSCPDIBSHFS UFDIOPMPHJFTPOKVODUJPO XJUI )JHI 1SFDJTJPO *OKFDUJPO BOE GVMMZ WBSJBCMF 7BMWFUSPOJD WBMWF DPOUSPM JODMVEJOH %PVCMF7"/04 JODSFBTF QPXFS PVUQVU FOTVSF

NFEJBUF SFTQPOTF FWFO BU MPX SFWT BOE BU UIF TBNF UJNF MPXFS GVFM DPOTVNQUJPO

#.8 5XJO1PXFS 5VSCP FOHJOFT

.8 JT #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS QFUSPM FOHJOF EFMJWFST JUTYJNVN UPSRVF PG /N BU KVTU SQN 5IBOLT UP #.8 5XJO1PXFS

CP UFDIOPMPHZ DPNCJOJOH B 5XJO4DSPMM UVSCPDIBSHFS XJUI 7BMWFUSPOJDVCMF7"/04 BOE )JHI 1SFDJTJPO *OKFDUJPO UIJT L8 IQ

XFSQMBOU BDDFMFSBUFT UIF DBS GSPN UP LNI JO KVTU TFDPOETQ TQFFE JT LNI XJUI BO BWFSBHF GVFM DPOTVNQUJPO PG MJUSFT

LNBOE $0FNJTTJPOT PG HLN

#.8 J5IJT MJUSF #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS QFUSPM FOHJOFDPNCJOFT B 5XJO4DSPMM UVSCPDIBSHFS XJUI 7BMWFUSPOJD %PVCMF7"/04

BOE )JHI 1SFDJTJPO *OKFDUJPO 5IJT NBLFT GPS QPXFSGVM FOHJO F SFTQPOTFDPNCJOFE XJUI PVUTUBOEJOH FGfiDJFODZ L8 IQ PG QPXFS BOE B

NBYJNVN UPSRVF PG /N FOBCMF BDDFMFSBUJPO GSPN UP LNI JO TFDPOET BOE B UPQ TQFFE PG LNI "WFSBHF GVFM DPOTVNQUJPO

JT MJUSFT QFS LN XJUI $0FNJTTJPOT PG HLN

'PS GVSUIFS JOGPSNBUJPO PO GVFM DPOTVNQUJPO BOE $0FNJTTJPOT QMFBTF TFF QBHFT *

'JHVSFT BQQMZ UP UIF FJHIUTQFFE 4UFQUSPOJD USBOTNJTTJPO JODMVEFE BT TUBOEBSE XJUI UIJT NPEFM'JHVSFT HJWFO BQQMZ GSPN /PWFNCFS

5IF #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS QFUSPMFOHJOF JO UIF #.8 J $PVQ QSPWJEFT /NPG UPSRVF GSPN BT MJUUMF BT SQN

&OHJOF TQFFE SQN

5PSRVF/N

1PXFSL8

5PSRVF /N

1PXFSL8

#.8 E

5IJT MJUSF #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS EJFTFM FOHJOF XJUIBO JNQSFTTJWF L8 IQ PG QPXFS GFBUVSFT $PNNPO3BJM EJSFDU

JOKFDUJPO UXP TFRVFOUJBM UVSCPDIBSHFST BOE WBSJBCMF UVSCJOF HFPNFUSZ*UT NBYJNVN UPSRVF PG /N JT BWBJMBCMF GSPN KVTU SQN 5IF

#.8 E BDDFMFSBUFT GSPN UP LNI JO TFDPOET BOE IBT BUPQ TQFFE PG LNI "WFSBHF GVFM DPOTVNQUJPO JT MJUSFT PG EJFTFM

QFS LJMPNFUSFT $0FNJTTJPOT HLN

#.8 E

5IJT MJUSF #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS EJFTFM FOHJOF GFBUVSFT$PNNPO3BJM EJSFDU JOKFDUJPO BOE B UVSCPDIBSHFS XJUI WBSJBCMF UVSCJOF

HFPNFUSZ UP QSPEVDF L8 IQ PG QPXFS BT XFMM BT /N PG UPSRVFBWBJMBCMF GSPN UP SQN "DDFMFSBUJPO GSPN UP LNI UBLFT

TFDPOET BOE UPQ TQFFE JT LNI "WFSBHF GVFM DPOTVNQUJPO JT BOFGfiDJFOU MJUSFT QFS LN XJUI $0

FNJTTJPOT PG HLN

#.8 E5IJT MJUSF #.8 5XJO1PXFS 5VSCP GPVSDZMJOEFS EJFTQSPEVDFT BO PVUQVU PG L8 IQ BOE B NBYJNVN UP

/N *UT FMBTUJD QPXFS EFMJWFSZ JT CBTFE PO $PNNPOJOKFDUJPO BOE B UVSCPDIBSHFS XJUI WBSJBCMF UVSCJOF HFPN

FOBCMFT BDDFMFSBUJPO GSPN UP LNI JO TFDPOETTQFFE PG LNI 5IF BWFSBHF GVFM DPOTVNQUJPO PG UIJ

FOHJOF JT KVTU MJUSFT QFS LN XJUI $0FNJTTJ

HLN

5IF EJFTFM FOHJOFT "MM UIF EJFTFM NPEFMT XJUIJO UIF #.8 4FSJFT $PVQ SBOHF JNQSFTT XJUI UIFJS SFGJOFE QPXFS BOE TVQFSMBUJWF FGGPGUIFBSU $PNNPO3BJM UFDIOPMPHZ DPNCJOFT TNPPUI SVOOJOH BOE FGGJDJFODZ XJUI JNNFEJBUF SFTQPOTF BOE USFNFOEPVT SFWWJOH BCJMJUZ

VOJUT IBWF B MJHIUXFJHIU BMVNJOJVN EFTJHO BOE DPNF XJUI B NBJOUFOBODFGSFF QBSUJDMF GJMUFS BT TUBOEBSE

#BSFMZ BCPWF JEMJOH TQFFE UIF #.8 $PVQ BMSFBEZ EFMJWFST NBYJNVN UISVT*UT GVMM UPSRVF PG /N JT BWBJMBCMF GSPKVTU SQN

&OHJOF TQFFE SQN

5PSRVF/N

5PSRVF /N

1PXFSL8


18/35

&OHJOF TQFFE SQN

5PSRVF/N

1PXFSL8

5PSRVF /N

1PXFSL8

4IFFS QPXFS UIF. 1FSGPSNBODF 5XJO1PXFS5VSCP TJYDZMJOEFS JOMJOFQFUSPM FOHJOF BDDFMFSBUFT UIFDBS GSPN UP LNI JO KVTU TFDPOET TFDPOETXJUI 4UFQUSPOJD USBOTNJTTJPO TFDPOET XJUI Y%SJWF$PNCJOFE XJUI BO BWFSBHFGVFM DPOTVNQUJPO PG 4UFQUSPOJD Y%SJWF MJUSFT QFS LNBOE$0

FNJTTJPOT PG HLN

4UFQUSPOJD HLN Y%SJWF HLN UIJT EFNPOTUSBUFTBO PVUTUBOEJOH EZOBNJDQFSGPSNBODFFGfiDJFODZ SBUJP

F #.8 .J CFOFfiUT GSPN UIF VOJRVF FYQFSUJTF PG #.8 . FOHJOFFST XJUI B TQFDJBMMZ fiOFUVOFE QPXFSUSBJO DIBTTJT BOE TUFFSJOH TZTUFN "T BFS ZPV GFFM JU NPTU JO UIF QSFDJTF TQPSUZ IBOEMJOH XIJDI DSFBUFT B QBSUJDVMBSMZ JOUFOTF ESJWJOH FYQFSJFODF 5IF Y%SJWF BMMXIFFM ESJWF TZTUFN NBLFT

BO BEEJUJPOBM JODSFBTF JO USBDUJPO BOE EJSFDUJPOBM TUBCJMJUZ 5IF . 1FSGPSNBODF 5XJO1PXFS 5VSCP TJYDZMJOEFS JOMJOF QFUSPM FOHJOF EFMJWFST B NBYJNVNRVF PG /N BWBJMBCMF GSPN SQN UP SQN BMPOH XJUI L8 IQ PG QPXFS "DDPNQBOJFE CZ B VOJRVF TPVOE BDDFMFSBUJPO GSPN UP

LNI UBLFT KVTU TFDPOET TFDPOET JO DPOKVODUJPO XJUI UIF 4UFQUSPOJD TQPSU USBOTNJTTJPO TFDPOET XJUI Y%SJWF #PUI JUT FYUFSJPS BOE JUT

SJPS BSF EJTUJOHVJTIFE CZ B OVNCFS PG QBSUJDVMBSMZ FYDMVTJWF EFUBJMT LJEOFZ HSJMMF CBST JO IJHIHMPTT #MBDL PQUJNJTFE TJEF TLJSUT JO UIF CPEZ DPMPVS B SFBS EJGGVTFS JO %BSL 4IBEPX .FUBMMJD 5IFTF BSF QFSGFDUMZ NBUDIFE UP UIF . %PVCMFTQPLF TUZMF . MJHIU BMMPZ XIFFMT GFBUVSJOH TQFDJBMMZ

FMPQFE IJHIHSJQ UZSFT TIPXO IFSF BOE . 4QPSU CSBLFT 4QFDJBM JOUFSJPS GFBUVSFT JODMVEF .J MFUUFSJOH PO UIF FOUSZ TJMMT TQPSU TFBUT XJUI DMPUIBOUBSB VQIPMTUFSZ JO "OUISBDJUF "MVNJOJVN )FYBHPO JOUFSJPS USJN BOE UIF FSHPOPNJD . MFBUIFS TUFFSJOH XIFFM

M DPOTVNQUJPO BOE $0FNJTTJPOT BSF EFQFOEFOU PO UIF TFMFDUFE XIFFM BOE UZSF TJ[F

GVSUIFS JOGPSNBUJPO QMFBTF TFF QBHFT ] PS DPOUBDU ZPVS #.8 QBSUOFSF .J Y%SJWF DPNFT XJUI FJHIUTQFFE 4UFQUSPOJD TQPSU USBOTNJTTJPO BT TUBOEBSE

&(*/4 8)&3& 05)&34 4501

&YUFSJPS NJSSPS DBQT JO TQPSUZ 'FSSJD (SFZ 5XP UBJMQJQFT JO #MBDL $ISPNF BOE MPXFS QBSU PGSFBS TFDUJPO JO %BSL 4IBEPX NFUBMMJD

5IF . MFBUIFS TUFFSJOH XIFFM XJCVUUPOT GPS B QBSUJDVMBSMZ TQPSUZ

FYQFSJFODF


19/35

$IBTTJT BOE TBGFUZ

5)& *%&"- #"4*4 '03 %:/".*$ 1&3'03."/$&"/ &9$&--&/5 $)"44*45IF NPTU JNQPSUBOU QSFSFRVJTJUF GPS B TQPSUZ ESJWF JT TVQFSJPS SPBEIPMEJOH *O UIF #.8 4FSJFT $PVQ UIJT JT BDIJFWFE CZ BO PQUJNVNXFJHIU EJTUSJCVUJPO B MPX DFOUSF PG HSBWJUZ OFVUSBM TUFFSJOH CFIBWJPVS IJHI EJSFDUJPOBM TUBCJMJUZ BOE TVQFSMBUJWF USBDUJPO

5IF MJHIUXFJHIU DIBTTJT JO UIF#.8 4FSJFT $PVQ JT JEFBMMZ NBUDIFE UP

UIF FOHJOF BOE USBOTNJTTJPO :PVMM GFFM JU JO

UIF QSFDJTF TUFFSJOH UIF TQPSUZ IBOEMJOH BOEUIF TVQFSJPS OPJTF BOE WJCSBUJPO DPNGPSU

5IF MJHIUXFJHIU GSPOU BYMF DPNCJOFT NBYJNVNTUSFOHUI XJUI NJOJNVN XFJHIU 5PHFUIFS

XJUI UIF NVMUJMJOL SFBS TVTQFOTJPO BOE UIFUZQJDBM #.8 SFBSXIFFM ESJWF UIJT NBLFT

GPS PVUTUBOEJOHMZ BHJMF WFIJDMF IBOEMJOH 5IFCFOFfiUT JODMVEF IJHI EJSFDUJPOBM TUBCJMJUZ

FOIBODFE DPSOFSJOH EZOBNJDT BOE FYDFMMFOU

USBDUJPO JO FWFSZ TJUVBUJPO

%SJWJOH &YQFSJFODF $POUSPM HJWFT ZPV BDIPJDF CFUXFFO $0.'035 NPEF GPS TUBOEBSE

FOHJOF BOE USBOTNJTTJPO TFUUJOHT &$0 130NPEF GPS NBYJNVN FGfiDJFODZ PS 41035 NPEF

GPS FWFO NPSF EZOBNJD QFSGPSNBODF 5IF

GSVHBM &$0 130 NPEF JOUFMMJHFOUMZ BEBQUT UIFBDDFMFSBUPS BOE USBOTNJTTJPO SFTQPOTF BOEUIF IFBUJOHBJS DPOEJUJPOJOH TUSBUFHZ UP MPXFS GVFM

DPOTVNQUJPO CZ VQ UP QFS DFOU 5IF DPBTUJOH

GVODUJPO POMZ XJUI 4UFQUSPOJD USBOTNJTTJPOBT XFMM BT UIF 3PVUF"IFBE "TTJTUBOU BOE

&$0 130 3PVUF POMZ XJUI /BWJHBUJPO 4ZTUFN1SPGFTTJPOBM FOBCMF GVSUIFS GVFM TBWJOHT

5IF JEFBM GSPOUSFBS XFJHIUEJTUSJCVUJPO JT UIF CBTJT GPS PQUJNBM IBOEMJOH

BOE PVUTUBOEJOH BHJMJUZ *O BEEJUJPO UIJT QFSGFDU

CBMBODF BMTP TVQQPSUT OFVUSBM TUFFSJOH CFIBWJPVSBOE USBDUJPO

5IF PQUJPOBM FJHIUTQFFE 4UFQUSPOJD TQPSU

USBOTNJTTJPO BEBQUT UP ZPVS JOEJWJEVBM ESJWJOHTUZMF 5IF TQFDUSVN SBOHFT GSPN DPNGPSUBCMF

DSVJTJOH UP WFSZ EZOBNJD ESJWJOH *O BEEJUJPO UPBVUPNBUJD HFBS TFMFDUJPO ZPV DBO BMTP DIBOHF

HFBST NBOVBMMZ XIFOFWFS ZPV XBOU UP VTJOH

FJUIFS UIF TIPSUFOFE TFMFDUPS MFWFS PS UIF HFBSTIJGUQBEEMFT PO UIF TQPSU MFBUIFS TUFFSJOH XIFFM

5IF 7BSJBCMF 4QPSU 4UFFSJOH XJUI

4FSWPUSPOJD TUBOEBSE PO .J BOE .JY%SJWF FOBCMFT EJSFDU BOE BHJMF IBOEMJOH

DPNCJOFE XJUI SFEVDFE TUFFSJOH FG GPSU *U WBSJFT

UIF TUFFSJOH SBUJP BT B GVODUJPO PG UIF TUFFSJOHBOHMF JOEFQFOEFOUMZ PG UIF DVSSFOU WFIJDMFTQFFE 5IJT SFEVDFT UIF SFRVJSFE TUFFSJOH

XIFFM NPWFNFOUT TJHOJfiDBOUMZ FOIBODJOH

BHJMJUZ XIFO VTJOH B TQPSUZ ESJWJOH TUZMF JO UJHIUCFOET PS TXFSWJOH UP BWPJE BO PCTUBDMF *U BMTP

JODSFBTFT DPNGPSU XIFO QBSLJOH UVSOJOH PGG PS

NBOPFVWSJOH

5IF FMFDUSPOJDBMMZ DPOUSPMMFE EBNPQUJPOBM "EBQUJWF 4VTQFOTJPO

ZPVS ESJWJOH TUZMF BOE UIF SPBE DP

5IFJS SFTQPOTF DBO CF JOflVFODF&YQFSJFODF $POUSPM *O BEEJUJPO U

4VTQFOTJPO JT MPXFSFE CZ N41035 NPEF TFMFDUT B TJHOJfiD

EBNQFS TFUUJOH *O 41035 NP%ZOBNJD 5SBDUJPO $POUSPM JT BDU

PG %4$ %ZOBNJD 4UBCJMJUZ $POUSFWFO NPSF TQPSUZ ESJWJOH

3FBSXIFFM ESJWF 5IJT JT UIF IBMMNBSL #.8 BHJMJUZ BOE NBOP

"U UIF TBNF UJNF UIJT ESJWF DPOFOBCMFT BO JEFBM XFJHIU EJTUSJCV

UIF FOUJSF DIBTTJT 5IJT NBLFT GUSBOTNJTTJPO PG QPXFS BOE USBDUJP


20/35

$IBTTJT BOE TBGFUZ

"EBQUJWF )FBEMJHIUT JODMVEJOH #.8 4FMFDUJWF #FBN "OUJ%B[[MFI#FBN "TTJTUBOU XJUI WBSJBCMF MJHIU EJTUSJCVUJPO BOE IFBEMJHIU SBOHF

USPM GPS UPXO BOE NPUPSXBZ ESJWJOH JODMVEJOH DPSOFSJOH MJHIUT BOE CJPO UFDIOPMPHZ FOTVSF PQUJNVN SPBE JMMVNJOBUJPO BOE FOIBODF BDUJWF

FUZ 8IFO ESJWJOH BU OJHIU UIF TXJWFMMJOH IFBEMJHIUT GPMMPX ZPVSFSJOH XIFFM NPWFNFOUT BMMPXJOH ZPV UP TFF GVSUIFS JOUP UIF CFOE

%ZOBNJD 4UBCJMJUZ $POUSPM %4$ SFDPHOJTFT UIF SJTL PG TLJEEJOHBOE TUBCJMJTFT UIF WFIJDMF &YUFOEFE GVODUJPOBMJUZ JODMVEFT $PSOFSJOH

#SBLF $POUSPM $#$ IJMMTUBSU BOE CSBLJOH BTTJTUBOU CSBLF ESZJOH BOECSBLF TUBOECZ 5SBDUJPO .PEF %5$ JT B TVCGVODUJPO PG %4$ BOE

QFSNJUT JODSFBTFE XIFFM TMJQ JO PSEFS UP NBYJNJTF QSPQVMTJPO JO TQFDJfiDTJUVBUJPOT

"JSCBHT GPS UIF ESJWFS BOE QBTTFOHFST BSF BO J OUFHSBM QBSU PG UIFDPNQMFNFOUBSZ TBGFUZ DPNQPOFOUT JO B #.8 4JY BJSCBHT PGGFS TQFDJfiD

QSPUFDUJPO UIF ESJWFS BOE GSPOU QBTTFOHFS BJSCBHT UIF GSPOUUPSFBS DVSUBJOIFBE BJSCBHT BOE UIF TJEF BJSCBHT JOUFHSBUFE JO UIF GSPOU TFBU CBDLSFTUT

"JS $VSUBJO EJSFDUT UIF BJS flPX BMPOH UIF GSPOU XIFFM BSDIFT WJB UXPUJDBM TMPUT JO UIF GSPOU CVNQFS 5IF BDDFMFSBUFE BJS TUSFBN UIVT GPSNT B

SUBJO BMPOH UIF PVUFS TVSGBDF PG UIF XIFFMT 5IJT JOOPWBUJWF NFBTVSFVDFT UVSCVMFODF BOE ESBH GPS B TJHOJfiDBOU SFEVDUJPO JO GVFM DPOTVNQUJPO

4UBOEBSE FRVJQNFOU 0QUJPOBM FRVJQNFOU

0"% $0/%*5*0/4 "3&/5 "-8":4 *%&"-)& 1&3'03."/$& 0' :063 #.8 *4

F #.8 4FSJFT $PVQ GFBUVSFT BEWBODFE UFDIOPMPHJFT PO XIJDI ZPV DBO BMXBZT SFMZ "T B ESJWFS ZPV LOPX UIBU ZPVMM IBWF UIF TVQQPSU PGVQFSJPS WFIJDMF JO FWFSZ TJUVBUJPO

"EBQUJWF 4VTQFOTJPO JODMVEFT EZOBNJD EBNQFS DPOU&YQFSJFODF $POUSPM ZPV DBO TFMFDU B DPNGPSUBCMF PS TQPSUZ

VQ 5IF TVTQFOTJPO JT MPXFSFE CZ NJMMJNFUSFT GPS BO BEEJO BHJMJUZ

4FSWPUSPOJD BEBQUT TUFFSJOH FGGPSU UP UIF DVSSFOU WFI*U FOTVSFT EJSFDU BOE QSFDJTF TUFFSJOH SFTQPOTF XIFO ESJ

TQFFET BOE PGGFST TVQSFNF DPNGPSU CZ NJOJNJTJOH QIZTJDFGGPSU BOE FOTVSJOH NBYJNVN BHJMJUZ XIFO QBSLJOH BOE N

PS XIFO OBWJHBUJOH OBSSPX PS UXJTUJOH SPBET

4UBOEBSE PO .

#.8 SFTUSBJOU TZTUFN GPS ESJWFS BOE GSPOU QBTTFOHFS UIJTDPNCJOBUJPO PG UISFFQPJOU TFBUCFMU CFMU UFOTJPOFS BOE CFMU GPSDF MJNJUFS

FOBCMFT PQUJNJTFE SFTUSBJOU JO UIF FWFOU PG B DPMMJTJPO 5P FOTVSF DPSSFDUCFMU BQQMJDBUJPO PO UIF SFBS TFBUT UIF CFMU MBUDIFT BSF DPEFE

3VOGMBU UZSFT GFBUVSF SFJOGPSDFE TJEF XBMMT BMMPXJOH UIFN UP NBJOUBJOUIFJS TIBQF BOE SJN QPTJUJPO FWFO BGUFS MPTT PG QSFTTVSF 5IJT NFBOT UIBU

ZPV DBO TBGFMZ SFBDI UIF OFBSFTU HBSBHF JO UIF FWFOU PG B UZSF GBJMVSF 3VOflBU JOEJDBUPS BMFSUT UIF ESJWFS XIFO QSFTTVSF JO POF UZSF ESPQT

QFS DFOU CFMPX UIF SFDPNNFOEFE WBMVF 5IF TZTUFN IBT UP CF

SFJOJUJBMJTFE BGUFS FBDI UZSF DIBOHF XJUI UIF DPSSFDU UZSF QSFTTVSF JOBMM UZSFT

7BSJBCMF 4QPSU 4UFFSJOHXJUI 4FSWPUSPOJD FOBCMFT E

IBOEMJOH DPNCJOFE XJUI SFEVDFE TUFFSJOH FGGPSU 5IJT TZTUP UIF TUFFSJOH BOHMF JOEFQFOEFOUMZ PG UIF WFIJDMFT TQFF

IBOEMJOH JO TQPSUZ ESJWJOH BT XFMM BT DPNGPSU XIFO QBSLJOH

JOUP B TJEF TUSFFU


21/35

#.8 4FSJFT

)& #.8 4&3*&4 $061

PNCJOBUJPO FYBNQMFT $PMPVST &RVJQNFOU

#.8 4FSJFT $PVQ CFOFfiUT GSPN UZQJDBM #.8 ESJWFS PSJFOUBUJPO 5IF JOUFSJPS USJN TUSJQT TIPXO IFSF 4BUJO 4JMWFS NBUU JO UIF JOTUSVNFOU QBOFM UIF DFOUSF DPOTPMF

UIF EPPS DMPTJOH IBOEMF SFJOGPSDF UIF TQPSUZ BOE FMFHBOU BNCJFODF 5IF BVUPNBUJD BJS DPOEJUJPOJOH JODMVEFE BT TUBOEBSE BOE UIF RVBMJUZ XPSLNBOTIJQ JO UIF JOUFSJPS

NCJOFE XJUI PQUJPOBM GFBUVSFT TVDI BT UIF 3BEJP 1SPGFTTJPOBM NVMUJGVODUJPO CVUUPOT GPS UIF TUFFSJOH XIFFM BOE UIF $% QMBZFS NBYJNJTF UIF GFFMHPPE GBDUPS

5FDIOJDBM EBUB #.8 4FSWJDF

5IF #.8 E $ PVQ JO UIF "MQJOF 8IJUF OPONFUBMMJD FYUFSJPS DPMPVS

5IF JOUFSJPS TIPXO IFSF GFBUVSFT UIF TUBOEBSE TFBUT XJUI PQUJPOBM %BLPUB MFBUIFS

VQIPMTUFSZ JO 5FSSB 5IF #.8 4FSJFT $PVQ DPNFT XJUI OVNFSPVT TUPSBHF

DPNQBSUNFOUT UXP DVQ IPMEFST JO UIF DFOUSF DPOTPMF B DPNQBSUNFOU XJUI

"69*/ QPSU VOEFS UIF BSNSFTU BOE GVSUIFS DPNQBSUNFOUT JO UIF EPPST

5IF #.8 4FSJFT $PVQ DPNFT XJUI MJHIU BMMPZ XIFFMT 7TQ

TIPXO IFSF BT TUBOEBSE GPS UIF J E BOE E


22/35

.PEFSO -JOF

)& #.8 4&3*&4 $061 8*5) .0%&3/ -*/&


4UBOEBSE FRVJQNFOU GPS .PEFSO -JOF 0QUJPOBM FRVJQNFOU GPS .PEFSO -JOF

.PEFSO -JOF JOUFSJPS FRVJQNFOU GFBUVSFT

%PPS TJMM fiOJTIFST JO "MVNJOJVN XJUI #.8 .PEFSO MFUUFSJOH

4FBUT XJUI #SFF[F DMPUIMFBUIFS VQIPMTUFSZ JO 0ZTUFS PS

%BLPUB MFBUIFS JO 0ZTUFS XJUI 0ZTUFS EBSL IJHIMJHIUT FBDI XJUI MJHIU JOUFSJPS

DPMPVS TDIFNF PUIFS VQIPMTUFSZ PQUJPOT BWBJMBCMF

4QPS U MFBUIFS TUFFSJOH XIFFM

"EKVTUBCMF BSNSFTU BU UIF GSPOU

1FBSM EBSL JOUFSJPS USJN XJUI BDDFOU MJOF JO 0YJEF 4JMWFS PS

'JOFMJOF 1VSF fiOFXPPE JOUFSJPS USJN XJUI BDDFOU MJOF JO 0YJEF 4JMWFS PUIFS

JOUFSJPS USJNT BWBJMBCMF

3BEJP 1SPGFTTJPOBM

*OUFSJPS JMMVNJOBUJPO XJUI WBSJBCMF DPMPVS FGGFDUT JO 0SBOHF3FE PS 8IJUF

XJUI BEEJUJPOBM MJHIUJOH PO UIF #QJMMBS TFMFDUFE WJB UIF J%SJWF $POUSPMMFS

$B S LFZ XJUI 1FBSM (MPTT $ISPNF EFUBJMJOH

.PEFSO -JOF FYUFSJPS FRVJQNFOU GFBUVSFT

MJHIU BMMPZ XIFFMT 5VSCJOF TUZMF

MJHIU BMMPZ XIFFMT 7TQPLF TUZMF

'SPOU BOE SFBS CVNQFST XJUI TQFDJfiD GFBUVSFT JO TBUJOBUFE "MVNJOJVN

#.8 LJEOFZ HSJMMF XJUI FMFWFO TMBUT JO TBUJOBUFE "MVNJOJVN

5BJMQJQF JO TBUJOBUFE "MVNJOJVN

.PEFSO MFUUFSJOH BMPOH UIF TJEF


5IF #.8 J $PVQ XJUI .PEFSO -JOF JO UIF PQUJPOBM .PPOMJHIU 4JMWFS NFUBMMJD FYUFSJPS DPMPVS

5IF TUBOEBSE TFBUT XJUI PQUJPOBM %BLPUB MFBUIFS VQIPMTUFSZ JO 0ZTUFS BOE UIF

PQUJPOBM 'JOFMJOF 1VSF JOUFSJPS USJN DSFBUF FMFHBOU DPOUFNQPSBSZ BDDFOUT 5IF

TQPSU MFBUIFS TUFFSJOH XIFFM JODMVEFE BT TUBOEBSE QSPWJEFT FYDFMMFOU HSJQ

%PPS TJMM fiOJTIFST JO "MVNJOJVN XJUI

#.8 .PEFSO MFUUFSJOH

MJHIUBMMPZ XIFFMT 5VSCJOF TUZMF

XJUI SVOflBU UZSFT + Y

3 UZSFT

$BS LFZ XJUI 1FBSM

EFUBJMJOH

MJHIU BMMPZ XIF

XJUI NJYFE SVOfl

3 UZSFT BU

3 UZSFT BU U

PO J BOE E


23/35

4QPSU -JOF

)& #.8 4&3*&4 $061 8*5) 41035 -*/&


4UBOEBSE FRVJQNFOU GPS 4QPSU -JOF 0QUJPOBM FRVJQNFOU GPS 4QPSU -JOF

QPSU -JOF JOUFSJPS FRVJQNFOU GFBUVSFT

%PPS TJMM fiOJTIFST JO "MVNJOJVN XJUI #.8 4QPSU MFUUFSJOH

4 QPSU TFBUT JO 5SBDL DMPUI "OUISBDJUF XJUI 3FE PS (SFZ IJHIMJHIUT PS

%BLPUB MFBUIFS #MBDL XJUI 3FE IJHIMJHIUT PS %BLPUB MFBUIFS $PSBM 3FE XJUI

#MBDL IJHIMJHIUT PUIFS VQIPMTUFSZ PQUJPOT BWBJMBCMF

4QPSU MFBUIFS TUFFSJOH XIFFM XJUI SFE DPOUSBTU TUJUDIJOH PS BMUFSOBUJWFMZ XJUI

CMBDL TFBNT

)JHIHMPTT #MBDL JOUFSJPS USJN XJUI BDDFOU MJOF JO $PSBM 3FE NBUU PS

'JOFMZ #SVTIFE "MVNJOJVN JOUFSJPS USJN XJUI BDDFOU MJOF JO $PSBM 3FE NBUU

PUIFS JOUFSJPS USJNT BWBJMBCMF


*O TUSVNFOU DMVTUFS XJUI SFE BDDFOU SJOHT BOE TQFFEPNFUFS BOE SFW DPVOUFS

XJUI SFE $ISPOP TDBMFT

3BEJP 1SPGFTTJPOBM

%SJWJOH &YQFSJFODF $POUSPM XJUI BEEJUJPOBM 41035 NPEF

"EKVTUBCMF BSNSFTU BU UIF GSPOU

,OFF QBE JO UIF ESJWFST GPPUXFMM PO UIF SJHIU

$B S LFZ XJUI 3FE EFUBJMJOH

4QPSU -JOF FYUFSJPS FRVJQNFOU GFBUVSFT

MJHIU BMMPZ XIFFMT 4UBSTQPLF TUZMF PS

MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF

'SPOU BOE SFBS CVNQFST XJUI TQFDJfiD GFBUVSFT JO IJHIHMPTT #MBDL

#.8 LJEOFZ HSJMMF XJUI FJHIU FYDMVTJWF TMBUT XJUI IJHIHMPTT #MBDL GSPOUT

&YUFSJPS NJSSPS DBQT JO IJHIHMPTT #MBDL

5BJMQJQF JO CMBDL $ISPNF

4QPSU MFUUFSJOH BMPOH UIF TJEF


5IF #.8 J $PVQ XJUI 4QPSU -JOF JO UIF PQUJPOBM .JOFSBM (SFZ NFUBMMJD FYUFSJPS DPMPVS

5IF TQPSU TFBUT JODMVEFE BT TUBOEBSE TIPXO IFSF JO 5SBDL DMPUI "OUISBDJUF XJUI

SFE DPOUSBTU TUJUDIJOH BOE UIF TQPSU MFBUIFS TUFFSJOH XIFFM BMTP XJUI SFE DPOUSBTU

TUJUDIJOH VOEFSTDPSF UIF TQPSUZ BNCJFODF


#.8 4QPSU MFUUFSJOH

MJHIU BMMPZ XIFFMT 4UBSTQPLF TUZMF

XJUI SVOflBU UZSFT + Y

3 UZSFT

$BS LFZ XJUI 3FE E

MJHIU BMMPZ XIF

TUZMF XJUI NJYFE

Y 3 UZSF

Y 3 UZSF

TUBOEBSE PO J BO


24/35

. 4QPSU QBDLBHF

)& #.8 4&3*&4 $061 8*5) . 41035 1"$,"(&


4UBOEBSE FRVJQNFOU GPS . 4QPSU QBDLBHF 0QUJPOBM FRVJQNFOU GPS . 4QPSU QBDLBHF

. 4QPSU QBDLBHF JOUFSJPS FRVJQNFOU GFBUVSFT

%PPS TJMM fiOJTIFST JO "MVNJOJVN XJUI . MFUUFSJOH

. MFBUIFS TUFFSJOH XIFFM XJUI NVMUJGVODUJPO CVUUPOT

4QPSU TFBUT GPS ESJWFS BOE GSPOU QBTTFOHFS XJUI )FYBHPO "OUISBDJUF DMPUI

"MDBOUBSB DPNCJOBUJPO XJUI DPOUSBTU TUJUDIJOH JO 3PZBM #MVF BOE FYDMVTJWF

. MPPL PUIFS VQIPMTUFSZ PQUJPOT BWBJMBCMF

"MVNJOJVN )FYBHPO JOUFSJPS USJN XJUI BDDFOU MJOF JO &TUPSJM #MVF PS #MBDL

PUIFS JOUFSJPS USJNT BWBJMBCMF

. GPPUSFTU

,OFF QBE JO UIF ESJWFST GPPUXFMM PO UIF SJHIU

4IPSUFOFE TIJGU MFWFS POMZ JO DPOKVODUJPO XJUI TJYTQFFE NBOVBM

USBOTNJTTJPO XJUI . MPHP


#.8 *OEJWJEVBM SPPflJOFS "OUISBDJUF

*O TUSVNFOU DMVTUFS XJUI TQFFEPNFUFS BOE SFW DPVOUFS XJUI SFE $ISPOP

TDBMFT BOE SFE BDDFOU SJOHT

3FNPUF DPOUSPM VOJU XJUI &TUPSJM #MVF EFUBJMJOH

%SJWJOH &YQFSJFODF $POUSPM XJUI BEEJUJPOBM 41035 NPEF

. 4QPSU QBDLBHF FYUFSJPS FRVJQNFOU GFBUVSFT

. 4QPSU TVTQFOTJPO

. "FSPEZOBNJDT QBDLBHF XJUI TQFDJBM GSPOU BJS EBN TJEF TLJSUT

BOE SFBS BQSPO

. MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF .

. MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF .

. MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF . 'FSSJD (SFZ NFUBMMJD

&JHIU LJEOFZ HSJMMF TMBUT XJUI IJHIHMPTT #MBDL GSPOUT

#.8 *OEJWJEVBM IJHIHMPTT 4IBEPX -JOF JODM TJEF XJOEPX TVSSPVOET

NJSSPS CBTF NJSSPS USJBOHMF BOE NJSSPS GSBNF JO IJHIHMPTT #MBDL

$ISPNF UBJMQJQF

. MPHP PO UIF TJEF

&YDMVTJWF &TUPSJM #MVF NFUBMMJD QBJOU fiOJTI PUIFS FYUFSJPS DPMPVST .JOFSBM

(SFZ NFUBMMJD #MBDL 4BQQIJSF NFUBMMJD (MBDJFS 4JMWFS NFUBMMJD .JOFSBM 8IJUF

NFUBMMJD .FMCPVSOF 3FE NFUBMMJD BOE

"MQJOF 8IJUF OPONFUBMMJD

. 4QPSU CSBLFT JODMVEJOH MBSHFS CSBLF EJTDT BOE fiYFEDBMJQFS CSBLFT GSPOU

SFBS JO %BSL #MVF XJUI . MFUUFSJOH


5IF #.8 E $ PVQ XJUI . 4QPSU QBDLBHF JO UIF PQUJPOBM BOE FYDMVTJWF &TUPSJM #MVF NFUBMMJD FYUFSJPS DPMPVS

5IF TQPSU TFBUT JODMVEFE BT TUBOEBSE JO UIF . 4QPSU QBDLBHF QSPWJEF QFSGFDU

TVQQPSU 5IF )FYBHPO "OUISBDJUF DMPUI"MDBOUBSB VQIPMTUFSZ XJUI CMVF DPOUSBTU

TUJUDIJOH BOE . QJQJOH VOEFSTDPSFT UIF DBST BUIMFUJD MPPL


. MFUUFSJOH

. MJHIU BMMPZ X

TQPLF TUZMF . X

UZSFT + Y

UIF GSPOU + Y

UIF SFBS "MTP BWBJMBC

$BS LFZ XJUI #MVF

. MJHIU BMMPZ XIFFMT %PVCMF

TQPLF TUZMF . XJUI NJYFE UZSFT

+ Y 3 UZSFT BU UIF GSPOU

+ Y 3 UZSFT BU UIF SFBS


25/35




/PONFUBMMJD "MQJOF 8IJUF

.FUBMMJD# .JEOJHIU#MVF

.FUBMMJD" .FMCPVSOF 3FE

.FUBMMJD" (MBDJFS4JMWFS

.FUBMMJD# .JOFSBM (SFZ

.FUBMMJD" .JOFSBM 8IJUF

.FUBMMJD# 7BMFODJB 0SBOHF

.FUBMMJD# &TUPSJM #MVF

.FUBMMJD# 4QBSLMJOH #SPXO

.FUBMMJD" %FFQ 4FB #MVF

/PONFUBMMJD #MBDL

.FUBMMJD #MBDL 4BQQIJSF

.FUBMMJD# .PPOMJHIU4JMWFS

.8 FYUFSJPS DPMPVST

ONFUBMMJD

UBMMJD

"WBJMBCMF XJUI

#BTF NPEFM .PEFSO -JOF 4QPSU-JOF . 4QPSUQBDLBHF

"WBJMBCMF XJUI

#BTF NPEFM .PEFSO -JOF 4QPSU-JOF











. 4QPSUQBDLBHF


5IFTF QBHFT TIPX UIF DPMPVST BOE NBUFSJBMT BWBJMBCMF GPSUIF #.8 4FSJFT $PVQ 6TF UIFN UP JEFOUJGZ ZPVSGBWPVSJUF DPMPVST PSDPNQBSF WBSJPVT DPNCJOBUJPOT 5IFTF DPMPVSTBNQMFT BSF NFBOJNQSFTTJPO PGQBJOUT BOE NBUFSJBMT &YQFSJFODF IBT TIPXO IPXFWFS UIBUQSJOUFE WFSTJPOT PGQBJOU VQIPMTUFSZ BOE JOUFSJPSUSJN DPMPVST DBOOPUBMXBZT GBJUIGVMMZ SFQSPEVDF UIF DPMPVSBQQFBSBODF PGUSFDPNNFOE UIFSFGPSF UIBUZPV DPOTVMUZPVS #.8 EFBMFSXIP XJMM CF IBQQZUP TIPX ZPV PSJHJOBM TBNQMFT BOE BTTJTUXJUI TQFDJBM SFRVFTUT

#MBDL

0ZTUFS

#.8 JOUFSJPS DPMPVST

*OUFSJPS DPMPVST "WBJMBCMF XJUI


.PEFSO -JOF


26/35



#SFF[F DMPUIMFBUIFSDPNCJOBUJPO$#%) 0ZTUFS

JOUFSJPSDPMPVS 0ZTUFS

%BLPUB MFBUIFS-$- 0ZTUFSXJUI 0ZTUFSEBSL IJHIMJHIUT

JOUFSJPSDPMPVS 0ZTUFS

#SFF[F DMPUIMFBUIFSDPNCJOBUJPO$#"5"OUISBDJUF

%BLPUB MFBUIFS-$48 #MBDL

#SFF[F DMPUIMFBUIFSDPNCJOBUJPO$#01 0ZTUFS

JOUFSJPSDPMPVS #MBDL

%BLPUB MFBUIFS-$0. 0ZTUFSXJUI 0ZTUFSEBSL IJHIMJHIUT

JOUFSJPSDPMPVS #MBDL

5SBDL DMPUI#&- "OUISBDJUFXJUI 3FE IJHIMJHIUT

5SBDL DMPUI#&- "OUISBDJUFXJUI (SFZIJHIMJHIUT

%BLPUB MFBUIFS-$- #MBDLXJUI 3FE IJHIMJHIUT

%BLPUB MFBUIFS-$# 5FSSB

)FYBHPO DMPUI"MDBOUBSBDPNCJOBUJPO)""5"OUISBDJUF XJUI. QJQJOH BOE DPOUSBTUTUJUDIJOH JO 3PZBM #MVF

%BLPUB MFBUIFS-$- $PSBM 3FEXJUI #MBDL IJHIMJHIUT


.8 VQIPMTUFSZ DPMPVST

PUI "WBJMBCMF XJUI

#BTF NPEFM

4QPSU-JOF

4QPSU-JOF

4QPSU-JOF

. 4QPSUQBDLBHF .J.J Y%SJWF

4QPSU-JOF . 4QPSUQBDLBHF .J.J Y%SJWF

.PEFSO -JOF

.PWF DMPUI#%"5"OUISBDJUF

PUIMFBUIFS DPNCJOBUJPO "WBJMBCMF XJUI

.PEFSO -JOF



BUIFS "WBJMBCMF XJUI

#BTF NPEFM .PEFSO -JOF 4QPSU-JOF . 4QPSUQBDLBHF .J.J Y%SJWF


.J.J Y%SJWF


1MFBTF OPUF UIBU FWFO OPSNBM MPOH PS TIPSUUFSN VTF DBO MFBE UP VOSFDPWFSBCMF VQIPMTUFSZ EBNBHF5IJT DBO CF DBVTFE JO QBSUJDVMBS CZ OPODPMPVSGBTU DMPUIJOH

1MFBTF OPUF UIBU UIF JOUFSJPS DPMPVS JT EFQFOEFOU PO UIF VQIPMTUFSZ DPMPVS TFMFDUFE


&-%,'JOFXPPE USJN'JOFMJOF 1VSF XJUI BDDFOUMJOF JO 0YJEF 4JMWFS NBUU

"%%,'JOFMZ #SVTIFE"MVNJOJVN XJUI BDDFOUMJOFJO 0YJEF 4JMWFS NBUU

%;%,1FBSM EBSLXJUI BDDFOUMJOF JO0YJEF 4JMWFSNBUU

"5%/ #MBDLIJHIHMPTT XJUI BDDFOUMJOF JO $PSBM 3FE NBUU

"%%/ 'JOFMZ#SVTIFE"MVNJOJVN XJUI BDDFOUMJOFJO $PSBM 3FE NBUU

.3%9"MVNJOJVN)FYBHPO XJUI BDDFOUMJOFJO &TUPSJM #MVF NBUU

.3%- "MVNJOJVN)FYBHPO XJUI BDDFOUMJOFJO IJHIHMPTT #MBDL

"%%- 'JOFMZ#SVTIFE"MVNJOJVN XJUI BDDFOUMJOFJO IJHIHMPTT #MBDL

%1%,'JOFXPPE USJN'JOFMJOF 4USFBN XJUI BDDFOUMJOF JO 0YJEF 4JMWFS NBUU

#.8 JOUFSJPS USJNT

1BJOU "WBJMBCMF XJUI

#BTF NPEFM


4QPSU-JOF

$( 4BUJO 4JMWFS NBUU

"MVNJOJVN "WBJMBCMF XJUI





4QPSU-JOF

'JOF XPPE "WBJMBCMF XJUI


.J.J Y%SJWF

.PEFSO -JOF 4QPSU-JOF . 4QPSUQBDLBHF .J.J Y%SJWF


27/35

4UBOEBSE FRVJQNFOU 0QUJPOBM FRVJQNFOU4UBOEBSE 0QUJPOBM FRVJQNFOU


UBOEBSE 0QUJPOBM FRVJQNFOU

5BJMMJHIUT XJUI -&% MJHIU HVJEFT DSFBUF B EJTUJODUJWF MPPL UIBU NBLFT UIF

8 JNNFEJBUFMZ SFDPHOJTBCMF JO UIF EBSL

'PHMJHIUT JO UIF GSPOU BQSPO JODSFBTF TBGFUZ JO CBE WJTJCJMJUZ

)BMPHFO MJHIU GPS MPX BOE IJHI CFBN QSPWJEFT PQUJNBM JMMVNJOBUJPO PWFS TIPSU BOE MPOH EJTUBODFT BOE FOTVSFT HPPE WJTJCJMJUZ JO UIF EBSL

9FOPO )FBEMJHIUT GPS MPX BOE IJHI CFBN JODMVEF IFBEMJHIU XBTIJOH TZTUFN -&% BDDFOU MJHIUT BOE BVUPNBUJD IFBEMJHIU SBOHF DPOUSPM BT XFMM BT QBSLJOH MJHIUT

EBZUJNF SVOOJOH MJHIUT WJB GPVS -&% MJHIU SJOHT 5IF .J BOE .J Y%SJWF DPNF XJUI 9FOPO )FBEMJHIUT BT TUBOEBSE

"EBQUJWF )FBEMJHIUT XJUI WBSJBCMF MJHIU EJTUSJCVUJPO GPS DJUZ BOE NPUPSXBZ ESJW JOH JODMVEJOH DPSOFSJOH MJHIUT BOE CJYFOPO UFDIOPMPHZ FOTVSF PQUJNVN SPBE

NJOBUJPO BOE FOIBODF BDUJWF TBGFUZ 8IFO ESJWJOH BU OJHIU UIF TXJWFMMJOH IFBEMJHIUT GPMMPX ZPVS TUFFSJOH XIFFM NPWFNFOUT BMMPXJOH ZPV UP TFF GVSUIFS JOUP

CFOE

#.8 4FMFDUJWF #FBN "OUJ%B[[MF )JHI#FBN "TTJTUBOUDPNCJOFE XJUI "EBQUJWF )FBEMJHIUT EFUFDUT PUIFS USBGfiD QBSUJDJQBOUT BOE CMPDLT PVU UIPTF

DJTF BSFBT GSPN UIF IJHI CFBN EJTUSJCVUJPO

"JS $VSUBJO PQUJNJTFT UIF BJS flPX BMPOH UIF GSPOU BJS EBN BOE GSPOU XIFFMT 5IJT

SFEVDFT UIF WFIJDMFT ESBH DPFGfiDJFOU BMPOH XJUI GVFM DPOTVNQUJPO BOE $0FNJTTJPOT3FBS TQPJMFS UIF HVSOFZ GMBQ PO UIF CPPU MJE JNQSPWFT PWFSBMM WFIJDMF

PEZOBNJDT BOE JODSFBTFT EPXOGPSDF DPNQMFNFOUJOH UIF TQPJMFS MJQ PO UIF

U CVNQFS POMZ GPS .J BOE .J Y%SJWF

)JHI#FBN "TTJTUBOUTVQQPSUT UIF ESJWFS BU OJHIU CZ BVUPNBUJDBMMZ TXJUDIJOH UP MPX CFBN XIFO UIFSF JT PODPNJOH USBGfiD PS BOPUIFS DBS BIFBE


"WBJMBCMF GSPN /PWFNCFS

#.8 *OEJWJEVBM IJHIHMPTT 4IBEPX -JOF JODMVEFT OVNFSPVT USJN EFUBJMT JO

IJHIHMPTT #MBDL GSPOU BOE SFBS TJEF XJOEPX USJN GSPOU BOE SFBS XJOEPX SFDFTT

fiOJTIFST FYUFSJPS NJSSPS GSBNF BOE NJSSPS CBTF 5IF .J BOE .J Y%SJWF DPNF

XJUI #.8 *OEJWJEVBM IJHIHMPTT 4IBEPX -JOF BT TUBOEBSE

$ISPNF -JOF &YUFSJPS BEET TJEF XJOEPX USJN BOE XJOEPX SFDFTT fiOJTIFST

JO IJHIHMPTT $ISPNF GPS B QBSUJDVMBSMZ FMFHBOU QSFNJVN MPPL TUBOEBSE PO J

BOE E

$PNGPSU "DDFTT BMMPXT UIF EPPST UP CF PQFOFE BOE UIF FOHJOF UP CF TUBSUFEXJUIPVU IBWJOH UP VTF UIF DBS LFZ *UT FOPVHI UP DBSSZ UIF LFZ JO B QPDLFU PS

CSJFGDBTF ,FZ BVUIFOUJDBUJPO FOTVSFT UIF TFDVSJUZ PG UIF $PNGPSU "DDFTT GVODUJPO

5SBJMFS UPX IJUDI JT FBTZ UP EFUBDI

XIFO OPU JO VTF BOE BMTP JODMVEFT

5SBJMFS 4UBCJMJUZ $POUSPM 'PS UPX MPBET

PG VQ UP LH EFQFOEJOH PO UIF

DIPJDF PG FOHJOF OPU GPS .J BOE

.J Y%SJWF

3BJO TFOTPS XJUI BVUPNBUJD ESJWJOH MJHIUT DPOUSPM PODF BDUJW

TFOTPS XJMM BVUPNBUJDBMMZ TXJUDI PO UIF XJOETDSFFO XJQFST XIF

BEKVTUJOH UIF XJQFS GSFRVFODZ JO MJOF XJUI SBJOGBMM JOUFOTJUZ

5BJMQJQFT TJOHMF

BOE E UXJO SPVOE

EBOE E MFGU B

GPS .J BOE .J

*OUFSJPS BOE FYUFSJPS NJSSPST XJUI BVUPNBUJD BOUJHMBSF GV

NFNPSZ BOE BVUPNBUJD QBSLJOH GVODUJPO GPS UIF NJSSPS PO UIF Q

XIFO SFWFSTJOH BT XFMM BT FMFDUSJD GPMEJO GVODUJPO GPS UIF FYUFS

(MBTT TMJEJOHWFOU SPPG FMFDUSJD XJUI TVO QSPUFDUJPO USBQ SF

PQFOJOH BOE DMPTJOH WJB UIF DBST SFNPUF DPOUSPM BOE fiOHFSUJQ DPOUS

BEKVTUBCMF BJS DJSDVMBUJPO BOE QMFBTBOU JOUFSJPS DPOEJUJPOT 5IF JOUFH

EFQMPZFE XJOE EFflFDUPS NJOJNJTFT OPJTF GPS PQUJNVN DPNGPSU


28/35




MJHIU BMMPZ XIFFMT 4UBSTQPLF TUZMF + Y 3 UZSFT . MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF . JO 'FSSJD (SFZ XJUI

FE UZSFT + Y 3 UZSFT BU UIF GSPOU + Y 3 UZSFT

IF SFBS POMZ GPS .J BOE .J Y%SJWF

MJHIU BMMPZ XIFFMT :TQPLF

TUZMF XJUI SVOflBU UZSFT + Y

3 UZSFT TUBOEBSE PO J BOE

E

MJHIU BMMPZ XIFFMT 7TQPLF

F + Y 3 UZSFT

OEBSE PO J E BOE E

MJHIU BMMPZ XIFFMT 4UBS

TQPLF TUZMF #JDPMPS 4QBDF (SFZ

NFUBMMJD CVSOJTIFE XJUI NJYFE SVOflBU

UZSFT + Y 3 UZSFT BU

UIF GSPOU + Y 3 UZSFT BU

UIF SFBS

MJHIU BMMPZ XIFFMT %PVCMF

TQPLF TUZMF XJUI NJYFE SVOflBU

UZSFT + Y 3 UZSFT BU

UIF GSPOU + Y 3 UZSFT

BU UIF SFBS


.PEFSO -JOF

. 4QPSU QBDLBHF

4QPSU -JOF

MJHIU BMMPZ XIFFMT 5VSCJOF TUZMF XJUI SVOflBU UZSFT + Y

3 UZSFT

MJHIU BMMPZ XIFFMT 4UBSTQPLF TUZMF #JDPMPS 0SCJU (SFZ NFUBMMJD

CVSOJTIFE XJUI SVOflBU UZSFT + Y 3 UZSFT

MJHIU BMMPZ XIFFMT 7TQPLF TUZMF XJUI NJYFE SVOG

3 UZSFT BU UIF GSPOU + Y 3 UZSFT BU UIF

PO J BOE E

MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF XJUI N

+ Y 3 UZSFT BU UIF GSPOU + Y 3 U

TUBOEBSE PO J BOE E

. MJHIU BMMPZ XIFFMT %PVCMF

TQPLF TUZMF . XJUI NJYFE UZSFT

+ Y 3 UZSFT BU UIF GSPOU

+ Y 3 UZSFT BU UIF SFBS

. MJHIU BMMPZ XIFFMT

%PVCMFTQPLF TUZMF . XJUI

NJYFE SVOGMBU UZSFT + Y 3

UZSFT BU UIF GSPOU + Y 3

UZSFT BU UIF SFBS

. M JHIU BMMPZ XIFFM %PVCMFTQPLF TUZMF .'F

XJUI NJYFE SVOflBU UZSFT + Y 3 UZSFT BU UIF GSPO

3 UZSFT BU UIF SFBS


29/35




VNCBS TVQQPSU GPS ESJWFS BOE GSPOU QBTTFOHFS TFBUT XJUI FMFDUSJD IFJHIU BOE

UI BEKVTUNFOU &OTVSFT BO PSUIPQFEJDBMMZ DPSSFDU TFBUJOH QPTJUJPO BOE SFMJFWFT

O PO UIF TQJOF &TQFDJBMMZ PO MPOHFS ESJWFT UIF MVNCBS TVQQPSU IFMQT QSFWFOU

TQJOF GSPN BTTVNJOH BO JODPSSFDU QPTJUJPO

UBOEBSE TFBU GPS ESJWFS BOE GSPOU QBTTFOHFS XJUI NBOVBM BEKVTUNFOU

PSFBGU QPTJUJPO CBDLSFTU BOHMF BOE IFBESFTU IFJHIU JODM TFBU IFJHIU

TUNFOU 5IF &BTZ&OUSZ GVODUJPO XIJDI NPWFT UIF FOUJSF TFBU GPSXBSE

BCMFT WFSZ DPNGPSUBCMF BDDFTT UP UIF SFBS TFBUT

MFDUSJD TFBU BEKVTUNFOU XJUI .FNPSZ GVODUJPO TUPSFT UIF EFTJSFE

JOHT GPS UIF ESJWFST TFBU BOE FYUFSJPS NJSSPST BOE JT BCMF UP SFTUPSF UIFN BU

UJNF 5IF WFIJDMFT ESJWFS BOE GSPOU QBTTFOHFS TFBUT DBO CF BEKVTUFE UP

FDUMZ NBUDI UIF EFTJSFE JOEJWJEVBM TFBUJOH QPTJUJPO VTJOH UIF FMFDUSJD TFBU

HIU BOE CBDLSFTU BEKVTUNFOU BT XFMM BT GPSFBGU BOE BOHMF BEKVTUNFOU 5IF

NPSZ GVODUJPO FMFDUSPOJDBMMZ TUPSFT EJGGFSFOU TFUUJOHT GPS EJGGFSFOU ESJWFST

4UPSBHF DPNQBSUNFOUJO UIF GSPOU DFOUSF DPOTPMF DPNQBSUNFOU JO UIF DFOUSF

BSNSFTU UXP DVQ IPMEFST BU UIF GSPOU HMPWF CPY BOE TUPSBHF DPNQBSUNFOUT JO UIF

EPPST FBDI DBQBCMF PG BDDPNNPEBUJOH B POFMJUSF CPUUMF QMVT TUPSBHF DPNQBSUNFOU

JO UIF SFBS DFOUSF DPOTPMF

4QPSU TFBUT GPS ESJWFS BOE GSPOU QBTTFOHFS QSPWJEF PQUJNBM MBUFSBM TVQQPSU

UIBOLT UP FMFDUSJD CBDLSFTU XJEUI BEKVTUNFOU 8JUI NBOVBM BEKVTUNFOU PG TFBU

MFOHUI TFBU IFJHIU CBDLSFTU BOE TFBU BOHMF BOE UIJHI TVQQPSU TUBOEBSE PO

.J BOE .J Y%SJWF

4FBU IFBUJOH GPS ESJWFS BOE GSPOU QBTTFOHFS XJUI UISFF IFBUJOH MFWFMT UP XBSN

VQ UIF TFBU TVSGBDF BOE UIF DFOUSBM QBSU PG UIF CBDLSFTU


4UBOEBSE PO J J E E .J BOE .J Y%SJWF

%SJWJOH &YQFSJFODF $POUSPM PGGFST B DIPJDF CFUXFFO UIF TUB

NPEF UIF &$0 130 NPEF EFTJHOFE UP NBYJNJTF GVFM FDPOPNZ

NPEF XIJDI FOBCMFT FWFO NPSF EZOBNJD ESJWJOH 5IF &$0 13

UIF BDDFMFSBUPS BOE USBOTNJTTJPO SFTQPOTF BT XFMM BT UIF IFBUJ

TUSBUFHZ UP UIF DVSSFOU ESJWJOH TJUVBUJPO

"EBQUJWF 4VTQFOTJPO JODMVEFT EZOBNJD EBNQFS DPOUSPM 7

&YQFSJFODF $POUSPM ZPV DBO TFMFDU B DPNGPSUBCMF PS TQPSUZ TVT

5IF TVTQFOTJPO JT MPXFSFE CZ NJMMJNFUSFT GPS BO BEEJUJPOBM J

. MFBUIFS TUFFSJOH XIFFM XJUI NVMUJGVODUJPO CVUUPOT UIJDLFS UIVNC SFTUT

BOE UIJDLFS TUFFSJOH XIFFM SJN TUBOEBSE PO .J BOE .J Y%SJWF

4UFFSJOH XIFFM IFBUJOH RVJDLMZ

XBSNT VQ UIF TUFFSJOH XIFFM SJN BU UIF

QSFTT PG B CVUUPO GPS FYUSB DPNGPSU

FTQFDJBMMZ JO XJOUFS

.VMUJGVODUJPO CVUUPOTGPS UIF TUFFSJOH XIFFM FOBCMF DPOUSPM PG UFMFQIPOF

WPJDF BVEJP BOE DSVJTF DPOUSPM GVODUJPOT WJB CVUUPOT PO UIF TUFFSJOH XIFFM

4JYTQFFE NBOVBM USBOTNJTTJPO GPS B WFSZ TQPSUZ ESJWF 4NPPUI XJUI QFSGFDU

SBUJPT BOE QSFDJTF TIPSUUISPX HFBSTIJGUT 5IF UJHIU TQBDJOH PG HFBS SBUJPT NFBOT UIBU

ZPV DBO NBLF FWFO NPSF JOEJWJEVBM VTF PG UIF FOHJOFT QPXFS

&JHIUTQFFE 4UFQUSPOJD USBOTNJTTJPO FOBCMFT TNPPUIF

TVQFSJPS SJEF DPNGPSU XJUI JUT fiOFS HSBEVBUJPO PG HFBS SBUJPT DBV

DIBOHFT CFUXFFO HFBST 5IJT NBLFT GPS TVQFSMBUJWF DPNGPSU DP

FYIJMBSBUJOH EZOBNJDT BOE SFEVDFE GVFM DPOTVNQUJPO

&JHIUTQFFE 4UFQUSPOJD TQPSU USBOTNJTTJPO JODM B TQPSU

BOE 41035 NPEF BT XFMM BT TIJGU QBEEMFT PO UIF TQPSU MFBUIFS

-BVODI $POUSPM JT BWBJMBCMF UP FOTVSF PQUJNBM BDDFMFSBUJPO PG UIF

UP UPQ TQFFE TUBOEBSE PO E BOE .J Y%SJWF

4QPSU MFBUIFS TUFFSJOH XIFFM

CMBDL UISFF TQPLFT XJUI NVMUJGVODUJPO

CVUUPOT BOE 1FBSM (MPTT $ISPNF USJN

-FBUIFS TUFFSJOH

EJBNFUFS NN UI

TIJGU MFWFS BOE IBOEC

IBOEMFT JO MFBUIFS P

BWBJMBCMF XJUI NVMUJGV


30/35




)BSNBO ,BSEPO 4VSSPVOE 4PVOE 4ZTUFN JODM QPXFSGVM EJHJUBM BNQMJfiFS

8BUU PVUQVU TFWFO DIBOOFMT WFIJDMFTQFDJfiD FRVBMJ[JOH DFOUSBM TQFBLFS

MPVETQFBLFST GPS USVMZ PVUTUBOEJOH TPVOE RVBMJUZ 8JUI QSFNJVN XPSENBSL

NBEF PG BOPEJTFE BMVNJOJVN PO UIF NJSSPS USJBOHMF TQFBLFST

J'J MPVETQFBLFS TZTUFNXJUI

8BUU BNQMJfiFS PVUQVU GFBUVSFT

FO MPVETQFBLFST GPS FWFO TPVOE

SJCVUJPO BDSPTT UIF FOUJSF WFIJDMF

SJPS 5IF TFWFODIBOOFM BNQMJfiFS

XT QSFDJTF BVEJP BEKVTUNFOU GPS

BOU TPVOE

-JHIUT QBDLBHF XJUI WJDJOJUZ

MJHIUJOH JO UIF EPPS IBOEMFT SFBEJOH

MJHIUT GSPOU BOE SFBS GPPUXFMM MJHIUT BT

XFMM BT JMMVNJOBUFE WBOJUZ NJSSPST GPS UIF

ESJWFS BOE GSPOU QBTTFOHFS GFBUVSJOH

XIJUF -&% MJHIUT 'SPOU BOE SFBS XJUI

PSBOHF BNCJFOU MJHIUJOH

3BEJP 1SPGFTTJPOBM JODM fiYFE -$% DPMPVS EJTQMBZ J%SJWF $POUSPMMFS

.1DBQBCMF $% ESJWF TJY MPVETQFBLFST BOE Y 8BUU PVUQVU '.48.8

SFDFQUJPO BT XFMM BT 3%4 BOE 5SBGfiD 1SPHSBNNFT 51 EPVCMF UVOFS FMFDUSPOJD

NBOVBM TIPXO IFSF 4UBOEBSE PO J E .J BOE .J Y%SJWF

"VUPNBUJD BJS DPOEJUJPOJOH XJUI UXP[POF DPOUSPM BOE BVUPNBUJD BJS

WPMVNF BOE UFNQFSBUVSF DPOUSPM XJUI TFQBSBUF DPOUSPMT GPS UIF ESJWFS BOE GSPOU

QBTTFOHFS *ODMVEFT SFBS BJS WFOU BVUPNBUJD BJS SFDJSDVMBUJPO NJDSPfiMUFS GPHHJOH

BOE TPMBS TFOTPST BOE .BY $PPM CVUUPO TIPXO IFSF TUBOEBSE PO .J BOE

.J Y%SJWF

/BWJHBUJPO 4ZTUFN #VTJOFTTXJUI J%SJWF $POUSPMMFS 3BEJP 1SPGFTTJPOBM

IBOETGSFF TZTUFN XJUI 64# JOUFSGBDF $% ESJWF BOE fiYFE -$% DPMPVS

EJTQMBZ 3PVUF HVJEBODF JT WJB B WJTVBM BSSPX PS NBQ EJTQMBZ BOE WPJDF QSPNQUT

5IF /BWJHBUJPO 4ZTUFN #VTJOFTT JT PQFSBUFE JOUVJUJWFMZ WJB UIF J%SJWF $POUSPMMFS

JODMVEJOH EJSFDU NFOV DPOUSPM CVUUPOT BOE GVODUJPOBM CPPLNBSLT PS EFQFOEJOH

PO FRVJQNFOU JOTUBMMFE WJB WPJDF JOQVUT

%"# UVOFS%JHJUBM "VEJP #SPBEDBTUJOH XJUI EJHJUBM SFDFQUJPO NBLFT B XJEFS

SBOHF PG CSPBEDBTU TUBUJPOT BWBJMBCMF JODMVEJOH B MBSHF OVNCFS PG TQFDJBMJTU

QSPHSBNNFT XJUI UPQ TPVOE RVBMJUZ BDSPTT UIF FOUJSF CSPBEDBTU SBOHF 4VQQPSUT

%"# GPS FWFO HSFBUFS SFDFQUJPO BOE TPVOE RVBMJUZ

"VUPNBUJD BJS DPOEJUJPOJOHXJUI BJS SFDJSDVMBUJPO BOE NJDSPfiMUFS FOTVSFT

QMFBTBOU DPOEJUJPOT JO UIF WFIJDMF JOUFSJPS BU BMM UJNFT 5FNQFSBUVSF BOE BJS

EJTUSJCVUJPO DBO CF DPOUSPMMFE WJB DPOWFOJFOU SPUBSZ DPOUSPMT XJUI NBOVBM

BEKVTUNFOU PG WFOUJMBUJPO BJS TUSFBNT


1BSL %JTUBODF $POUSPM 1%$ BU UIF GSPOU BOE SFBS GBDJMJUBUFT UIF QSPDFTT PG

QBSLJOH BOE NBOPFVWSJOH JO DPOfiOFE TQBDFT HJWJOH ZPV BO BDPVTUJD TJHOBM BOE

JO DPOKVODUJPO XJUI 3BEJP 1SPGFTTJPOBM PS #.8 OBWJHBUJPO TZTUFNT BMTP B WJTVBM

JOEJDBUJPO JO UIF $POUSPM %JTQMBZ GPS UIF EJTUBODF CFUXFFO ZPVS DBS BOE BO PCTUBDMF

1BSL "TTJTUBOU NBLFT QBSBMMFM QBSLJOH FBTJFS 5IF TZTUFN NFBTVSFT TVJUBCMF

HBQT UIF DBS QBTTFT BU TQFFET CFMPX LNI 8IFO B TVJUBCMF TQBDF IBT CFFO

GPVOE UIF 1BSL "TTJTUBOU XJMM UBLF DBSF PG UIF TUFFSJOH XIJMF UIF ESJWFS DPOUJOVFT

UP TFMFDU UIF SFRVJSFE HFBS BOE PQFSBUFT UIF BDDFMFSBUPS BOE CSBLF QFEBMT

TIPXO IFSF

3FBS 7JFX DBNFSB FOIBODFT WJTJCJMJUZ XIFO SFWFSTJOH BU TQ

LNI GPS FYBNQMF XIFO QBSLJOH *U QSPWJEFT BO FYDFMMFOU WJF

CFIJOE UIF WFIJDMF PO UIF $POUSPM %JTQMBZ *OUFSBDUJWF HVJEF MJOF

BOE UVSOJOH DJSDMF TVQQPSU UIF ESJWFS JO NBOPFVWSJOH XJUI PCTUB

JO DPMPVS

J%SJWF 5PVDI $POUSPMMFS FOBCMFT JOUVJUJWF BOE DPNGPSUBCMF

J%SJWF TZTUFN 5IF UPVDIQBE JOUFHSBUFE JOUP UIF $POUSPMMFS GBDJ

IBOEXSJUJOH GPS JOQVUUJOH EBUB TVDI BT EFTUJOBUJPO BEESFTTFT GP

TZTUFN XJUI DPOWFOJFOU NPOJUPSJOH WJB UIF $POUSPM %JTQMBZ *OD

/BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM

/BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM JODMVEJOH IBOETGSFF TZ

JOUFSGBDF -$% DPMPVS EJTQMBZ 3BEJP 1SPGFTTJPOBM XJUI %7%

TUPSBHF DBQBDJUZ GPS BVEJP fiMFT *OUVJUJWF PQFSBUJPO WJB UIF J%SJWF 5

XJUI EJSFDU NFOV DPOUSPM CVUUPOT BOE FJHIU GVODUJPOBM CPPLNBSL

EJNFOTJPOBM NBQ EJTQMBZ

$PNGPSU UFMFQIPOZ XJUI FOIBODFE TNBSUQIPOF DPOOFDUJWJUZ BMMPXT

ESJWFST UP VTF #MVFUPPUI PS UIF TOBQJO BEBQUFS UP MJOL B DPNQBUJCMF NPCJMF

QIPOF UP UIF WFIJDMF BOE IBOETGSFF FRVJQNFOU 3FRVJSFT 3BEJP 1SPGFTTJPOBM PS

B #.8 /BWJHBUJPO 4ZTUFN 'PS B MJTU PG BMM DPNQBUJCMF NPCJMF QIPOFT BOE

4NBSUQIPOFT TFF XXXCNXDPNCMVFUPPUI


31/35




&$0 130 NPEF FOBCMFT B SFEVDUJPO JO GVFM DPOTVNQUJPO PG VQ UP QFS DFOU

BDDPSEJOH UP B #.8 JOIPVTF GVFM DPOTVNQUJPO TUVEZ 5IF DPBTUJOH GVODUJPO POMZ

XJUI 4UFQUSPOJD USBOTNJTTJPO 3PVUF"IFBE "TTJTUBOU BOE &$0 130 3PVUF CPUI

POMZ XJUI /BWJHBUJPO 4ZTUFN 1SPGFTTJPOBM JODSFBTF UIF QPUFOUJBM TBWJOHT

CZ BOPUIFS fiWF QFS DFOU

SJWJOH "TTJTUBOU DPNCJOFT UIF -BOF %FQBSUVSF 8BSOJOH TIPXO IFSF BOE

SPBDI 8BSOJOH TZTUFNT 5IF "QQSPBDI BOE 1FEFTUSJBO 8BSOJOH XJUI DJUZ

LJOH GVODUJPO XBSOT PG UIF SJTL PG DPMMJTJPO XJUI PUIFS WFIJDMFT PS QFEFTUSJBOT

QSFDPOEJUJPOT UIF CSBLFT JO BO FNFSHFODZ "U TQFFET BCPWF BSPVOE LNI

-BOF %FQBSUVSF 8BSOJOH XBSOT UIF ESJWFS JG UIF WFIJDMF UISFBUFOT UP TUSBZ PVU

T MBOF CZ NBLJOH UIF TUFFSJOH XIFFM WJCSBUF 5IF "UUFOUJWFOFTT "TTJTUBOU

OJUPST UIF ESJWFST TUFFSJOH BOE SFTQPOET UP BOZ JSSFHVMBSJUJFT XJUI BQQSPQSJBUF

TTBHFT JO UIF $POUSPM %JTQMBZ

*OTUSVNFOU DMVTUFS XJUI UXP BOBMPHVF EJTQMBZT TQFFEPNFUFS BOE SFW

DPVOUFS BOE BO *OGP % JTQMBZ 5IF MBUUFS TIPXT EBUB TVDI BT FYUFSJPS

UFNQFSBUVSF BOE POCPBSE DPNQVUFS GVODUJPOT *OTUSVNFOU DMVTUFS XJUI FYUFOEFE GVODUJPOBMJUZ TIPXO IFSF JODMVEFT BO

*OGP %JTQMBZ GPS WBSJPVT GVODUJPOT OBWJHBUJPO QSPNQUT BOE PQFSBUJPOBM GFFECBDL BT

XFMM BT EBUB GSPN UIF BVEJP TZTUFN 8JUI UIF &$0 130 NPEF BDUJWBUFE UIF

JOTUSVNFOU DMVTUFS QSPWJEFT HSBQIJDBM IJOUT BOE &$0 130 UJQT UP FODPVSBHF NPSF

FGfiDJFOU ESJWJOH

4QFFE -JNJU *OGP JODM OPPWFSUBLJOH JOEJDBUPSEFUFDUT TQFFE MJNJUT BOE

OPPWFSUBLJOH [POFT BOE EJTQMBZT UIFTF UP UIF ESJWFS JO UIF *OGP %JTQMBZ JO UIF

JOTUSVNFOU DMVTUFS PS UIF JOTUSVNFOU DMVTUFS XJUI FYUFOEFE GVODUJPOBMJUZ 3FRVJSFT

/BWJHBUJPO 4ZTUFN #VTJOFTT PS 1SPGFTTJPOBM

$SVJTF $POUSPM XJUI CSBLJOH GVODUJPO TUPSFT EFTJSFE TQFFET VQXBSET PG

VOE LNI BOE NBJOUBJOT UIF TFU TQFFE FWFO XIFO ESJWJOH EPXOIJMM BDUJWFMZ

ZJOH UIF CSBLFT JG OFDFTTBSZ $POUSPMMFE WJB NVMUJGVODUJPO CVUUPOT PO UIF

FSJOH XIFFM


.BZ OPU CF BWBJMBCMF JO BMM DPVOUSJFT 1MFBTF DPOTVMU ZPVS #.8 QBSUOFS'PS GVSUIFS JOGPSNBUJPO PO #.8 $POOFDUFE%SJWF JODMVEJOH DPVOUSZTQFDJfiD BWBJMBCJMJUZ DPOUSBDU UFSNT BOE DPTUT DPOUBDU ZPVS #.8 QBSUOFS'PS NPSF JOGPSNBUJPO PO #MVFUPPUI GVODUJPOBMJUZ MFHBM OPUJDF DPNQBUJCJMJUZ WJTJU XXXCNXDPNCMVFUPPUI

#.8 "QQTFOBCMFT DPOWFOJFOU VTF PG TNBSUQIPOF BQQT JO UIF WFIJDMF

5IJT CSJOHT UIF XPSME PG BQQT JOUP ZPVS DBS 'PS FYBNQMF VTJOH BQQT EFWFMPQFE

CZ #.8 PS UIJSEQBSUZ BQQT CZ TVQQMJFST TVDI BT %FF[FS "61&0 /BQTUFS PS

"VEJCMF *ODMVEFE JO $POOFDUFE%SJWF 4FSWJDFT QBDLBHF

*OUFSOFU PGGFST BDDFTT UP UIF 8PSME 8JEF 8FC PO UIF $PO

JODMVEFT B EBUB flBU SBUF OP SPBNJOH 3FRVJSFT $POOFDUFE%SJWF 4

0DDVQBOUT DBO TVSG UIF JOUFSOFU VTJOH UIF J%SJWF $POUSPMMFS BOE

3FNPUF 4FSWJDFT BOE UIF .Z #.8 3FNPUF "QQ FOBCMF ESJWFST UP BDUJWBUF

EFBDUJWBUF PS DPOUSPM WBSJPVT GVODUJPOT GSPN B EJTUBODF 5IF WFIJDMF DBO BMTP CF

MPDLFE PS VOMPDLFE WJB UIF #.8 $BMM $FOUSF 3FRVJSFT $POOFDUFE%SJWF 4FSWJDFT

QBDLBHF

#.8 -JWFQSPWJEFT BDDFTT UP TFMFDUFE POMJOF DPOUFOU VTJ

QIPOFT BDUJWF #MVFUPPUI EBUB MJOL

#.8 "TTJTUTVQQPSUT UIF ESJWFS XJUI BVUPNBUJD BOE NBOV

GVODUJPOT UIBU TFOE UIF WFIJDMFT QSFDJTF (14 MPDBUJPO UP UIF #

*U BMTP JODMVEFT UIF FYUFOEFE USBGfiD JOGP TFSWJDF 3FBM 5JNF 5SB

355* (PPHMF 4FOE UP $BS BOE UIF QFSTPOBM *OGPSNBUJPO 4FS

JO DPOKVODUJPO XJUI UIF NPCJMF QIPOF QSFQBSBUJPO


32/35



ISPVHIMPBEJOH TZTUFN JODMVEFT TQMJU SFBS CBDLSFTU GPS BEEFECJMJUZ BOE B NPSF JOEJWJEVBM TFBU BOE MVHHBHF DPNQBSUNFOU DPOfiHVSBUJPO BT

BT B DFOUSF BSNSFTU XJUI UXP DVQ IPMEFST " NBUDIJOH TLJ BOE TOPXCPBSE

JT BWBJMBCMF GSPN 0SJHJOBM #.8 "DDFTTPSJFT

#.8 4FSWJDF *ODMVTJWF /P NPSF

DPTUT GPS EFBMJOH XJUI NBJOUFOBODF

PS XFBS BOE UFBS 0OF TJOHMF QBZNFOU

XJMM DPWFS B SBOHF PG #.8 4FSWJDFT

JODMVEJOH 0SJHJOBM #.8 1BSUT "WBJMBCMF

XPSMEXJEF BU BMM QBSUJDJQBUJOH #.8

4FSWJDF QBSUOFST 'PS GVSUIFS EFUBJMT

QMFBTF WJTJU

XXXCNXDPNTFSWJDFJODMVTJWF

#.8 8FMU 5BLJOH EFMJWFSZ PG B DBSIBT BMXBZT SBOLFE BNPOH UIF CFTU

NPNFOUT GPS BOZ ESJWFS /PX UIBU

NPNFOU DBO CFDPNF B USVMZ VOGPSHFUUBCMF

EBZ BU #.8 8FMU UIF FYQFSJFODF

BOE EFMJWFSZ DFOUSF JO .VOJDI (FSNBOZ

'PS GVSUIFS JOGPSNBUJPO QMFBTF WJTJU

XXXCNXXFMUDPN

4UBOEBSE 0QUJPOBM FRVJQNFOU 0SJHJOBM #.8 "DDFTTPSJFT


-VHHBHF DPNQBSUNFOU XJUI MJUSF DBQBDJUZ MFWFM flPPS GPS FBTZ MPBEJOH BOETQMJU SFBS CBDLSFTU JODMVEFE BT TUBOEBSE GPS FOIBODFE USBOTQPSUBUJPO PQUJPOT

BOE B NPSF JOEJWJEVBM TFBUJOH BOE MVHHBHF BSFB DPOfiHVSBUJPO " NBUDIJOH TLJ BOE

TOPXCPBSE CBH JT BWBJMBCMF GSPN 0SJHJOBM #.8 "DDFTTPSJFT

#PUISFBS IFBESFTUT DBO CF GPMEFE EPXO GPS JNQSPWFE SFBSWJFX WJTJCJMJUZ

4VO QSPUFDUJPO HMB[JOH JODMVEJOHUJOUFE SFBS BOE SFBS TJEF XJOEPXT

3FEVDFT UIF EFHSFF UP XIJDI UIF

JOUFSJPS IFBUT VQ JO UIF TVOTIJOF

FOTVSJOH B QMFBTBOU UFNQFSBUVSF

UPSBHF DPNQBSUNFOU QBDLBHF B TUPSBHF DPNQBSUNFOU PO UIF

FST TJEF DVQ IPMEFS JOTFUT OFUT PO

GSPOU TFBUCBDLT 7 TPDLFUT JO UIF

DFOUSF DPOTPMF BOE UIF MVHHBHF

NQBSUNFOU TUPSBHF OFU PO UIF SJHIU

F PG UIF MVHHBHF DPNQBSUNFOU OFU

IF MVHHBHF DPNQBSUNFOU flPPS

T UXP CBH IPPLT BOE MBTIJOH FZFT


.BZ OPU CF BWBJMBCMF JO BMM DPVOUSJFT1MFBTF DPOTVMU ZPVS #.8 QBSUOFS

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

MJHIU BMMPZ XIFFMT %PVCMFTQPLF TUZMF . #MBDL

MPDLBCMF SBDJOH CJLF DBSSJFS TZTUFN

5SBWFM $PNGPSU T

IBOHFS FOTVSFT DSFBPG DMPUIJOH " SFUSBDUBUIBU UIJT JUFN DBO BMTPGSPN UIF DBS

4OBQJO BEBQUFSGPS VTJOH UIF

UFMFQIPOF BOE MJTUFOJOH UP NVTJD

"MMXFBUIFS 4QPSU flPPS NBUTQSFDJTF fiU EJSUSFQFMMFOU BOE XBUFSSFTJTUBOU

#.8 KVOJPS TFBU HSPVQ TVJUBCMF

GPS DIJMESFO CFUXFFO BQQSPY NPOUIT

BOE ZFBST PG BHF XFJHIJOH BQQSPY

UP LH BOE BWBJMBCMF JO UXP DPMPVS

WBSJBOUT

7FIJDMF LFZ QPVDI

GSPN fiOF MFBUIFS "WBJ

WFSTJPOT

0SJHJOBM #.8 "DDFTTPSJFT

-VHHBHF DPNQBSUN

BOUJTLJE NBU NBEF PG

QSFDJTF fiU


33/35

0WFSWJFXT


J

J

.J

.J

Y%SJWF

E

E

E

FJHIU

MBEFO &6 LH

BY QFSNJTTJCMF LH

SNJUUFE MPBE LH

SNJ UU FE BY MF MP BE G SP OU SF BS L H

SNJUUFE SPPG MPBE LH

SNJUUFE USBJMFSMPBE VOCSBLFE LH

SNJUUFE USBJMFS MPBE CSBLFE NBY HSBEJFOU LH

SNJUUFE USBJMFS MPBE CSBLFE NBY HSBEJFOU LH

SNJUUFE UPXCBS EPXOMPBE LH

OHJOF

JOEFSTWBMWFT

QBDJUZ DD

PLFCPSF NN

BY PVUQVU L8SQN

IQSQN

BY UPSRVF /NSQN

NQSFTTJPO SBUJP

SBOTNJTTJPO

BOEBSE USBOTNJTTJPO SBUJPT * ** ** *

*777*

7**7 ** * 3

OBM ESJWF SBUJP

FSGPSNBODF

Q TQFFE LNI < > < >

DFMFSBUJPO LNI TFD

DD FM FS BU JP O L N I J O UI UI H FB S XJ UI T UB OE BS E U SB OT NJ TT JP O T FD

VFM DPOTVNQUJPO

CBO MLN

USBVSCBO MLN

NCJOFE MLN

0FNJTTJPOT HLN

OL DBQBDJUZ BQQSPY M


780 2690

4432

962

1018

927

1774

1521

1418

1984

1556

1436

1403

"MM EJNFOTJPOT JO NJMMJNFUSFT -VHHBHF DPNQBSUNFOU DBQBDJUZ BQQSPY MJUSFT

5IF GJHVSF RVPUFE JODMVEFT B QFS DFOU UBOL GJMMJOH LH GPS UIF ESJWFS BOE LH GPS MVHHBHF 6OMBEFO XFJHIU BQQMJFT UP WFIJDMFT XJUI TUBOEBSE FRVJQNFOU 0QUJPOBM FRVJQNFOU NBZ J 5IF PWFSBMM XFJHIU PG UIF USBJMFS NVTU OPU FYDFFE UIF NBYJNVN QFSNJTTJCMF USBJMFS MPBE UBLJOH JOUP BDDPVOU UIF NBYJNVN QFSNJTTJCMF UPXCBS EPXOMPBE #.8 SFDPNNFOET UIF VTF PG 30/ TVQFS VOMFBEFE QFUSPM 6OMFBEFE 30/ BOE IJHIFS XJUI B NBYJNVN FUIBOPM DPOUFOU PG NBZ BMTP CF VTFE 0VUQVU BOE GVFM DPOTVNQU

30/ GVFM "MM FOHJOFT DPNQMZ XJUI UIF &6 FNJTTJPOT TUBOEBSE 'VFM DPOTVNQUJPO JT EFUFSNJOFE JO BDDPSEBODF XJUI UIF &$& ESJWJOH DZDMF NBEF VQ PG BQQSPYJNBUFMZ POFUIJSE VSCBO USBGGJD B

FYUSBVSCBO ESJWJOH CBTFE PO UIF EJTUBODF DPWFSFE $0FNJTTJPOT BSF NFBTVSFE JO BEEJUJPO UP GVFM DPOTVNQUJPO 0QUJPOBM FRVJQNFOU NBZ JODSFBTF UIFTF GJHVSFT

&MFDUSPOJDBMMZ MJNJUFE 5IF EBUB PO GVFM DPOTVNQUJPO BOE $0FNJTTJPO EFQFOET PO UIF TJ[F PG UZSFT BOE XIFFMT 1MFBTF DPOTVMU ZPVS #.8 QBSUOFS GPS JOEFQUI JOGPSNBUJPO 'JHVSFT HJWFO BQQMZ GSPN /PWFNCFS 1SFMJNJOBSZ WBMVFT CBTFE PO UIF &$& UFTU DZDMF NJTTJOH WBMVFT XFSF OPU BWBJMBCMF BU UIF UJNF PG HPJOH UP QSFTT'JHVSFT JO < > BQQMZ UP WFIJDMFT XJUI FJHIUTQFFE 4UFQUSPOJD USBOTNJTTJPO

J

J

.J

.J

Y%SJWF

E

E

8IFFMT

5ZSF EJNFOTJPOT 3 7 3 8 ;3 :

;3 :

;3 :

;3 : 3 7 3

8IFFM EJNFOTJPOT GSPOU

SFBS + Y + Y

+ Y

+ Y

+ Y

+ Y + Y + Y

.BUFSJBM -JHIU BMMPZ -JHIU BMMPZ -JHIU BMMPZ -JHIU BMMPZ -JHIU BMMPZ -JHIU B

&MFDUSJDBM TZTUFN

#BUUFSZ DBQBDJUZ "I


34/35


8&-- 5",&/ $"3& 0' 8*5) #.8 4&37*$&4FO ZPV CVZ B #.8 ZPV DBO MPPL GPSXBSE UP TVQFSC TFSWJDF BOE DPNQSFIFOTJWF

PNFS DBSF 'PS FYBNQMF UIF $POEJUJPO #BTFE 4FSWJDF JOEFQFOEFOUMZ USBDLT

I TFSWJDF flVJE MFWFMT BOE UIF DPOEJUJPO PG QBSUT TVCKFDU UP XFBS BOE UIFO OPUJfiFT

JO UIF EJTQMBZ XIFO UIF WFIJDMF SFRVJSFT TFSWJDJOH 4P ZPV POMZ OFFE UP HP UP ZPVS

8 TFSWJDF QBSUOFS XIFO JUT SFBMMZ OFDFTTBSZ 8IFO ZPV EP HP PVS RVBMJfiFE

#.8 TFSWJDF TQFDJBMJTUT UBLF DBSF PG ZPVS WFIJDMF VTJOH UIF OFXFTU XPSLTIPQ

UFDIOPMPHZ BOE POMZ PSJHJOBM #.8 QBSUT 5IJT TFSWJDF JT BWBJMBCMF XPSMEXJEF JO NPSF

UIBO #.8 TFSWJDF QBSUOFS FTUBCMJTINFOUT JO PWFS DPVOUSJFT UP QSPWJEF

ZPV XJUI MJNJUMFTT ESJWJOH QMFBTVSF

.8 4&37*$& #.8 '*/"/$*"- 4&37*$&

8 4FSWJDF *ODMVTJWF #.8

WJDF *ODMVTJWF FOBCMFT ZPV UP FOKPZ

NJUFE ESJWJOH QMFBTVSF JO ZPVS OFX

8 :PV DBO TFMFDU EJGGFSFOU DPWFSBHF

LBHFT BOE WBSJPVT DPOUSBDU EVSBUJPOT

UT GPS NBJOUFOBODF JOTQFDUJPO BOE

S BSF DPWFSFE GPS UIF FOUJSF EVSBUJPO

IF DPOUSBDU 0G DPVSTF POMZ 0SJHJOBM8 1BSUT XJMM CF VTFE GPS BOZ SFQBJST

8 4FSWJDF *ODMVTJWF JT OPU KVTU FGGFDUJWF

PVS DPVOUSZ CVU XPSMEXJEF BU BMM

DJQBUJOH #.8 4FSWJDF QBSUOFST 'PS

IFS JOGPSNBUJPO WJTJU

XCNXDPNTFSWJDFJODMVTJWF

#.8 .PCJMF 4FSWJDF 5IJT TFSWJDF

JT UIFSF GPS ZPV JO DBTF PG B CSFBLEPXO

EBZ BOE OJHIU 4QFDJBMMZ USBJOFE #.8

UFDIOJDJBOT EP FWFSZUIJOH OFDFTTBSZ PO

UIF QIPOF PS POTJUF UP HFU ZPVS DBS

CBDL PO UIF SPBE BT GBTU BT QPTTJCMF 8F

PGGFS B DPNQSFIFOTJWF DPVOUSZTQFDJfiD

NPCJMJUZ QBDLBHF GPS CSFBLEPXOT BOEJOTVSBODF UIBU DPWFST ZPV JO UIF FWFOU

PG BO BDDJEFOU PS UIFGU "OE JO DBTF PG

BO BDDJEFOU DBMM VT BU UIF #.8 BDDJEFOU

IPUMJOF 8FMM UBLF DBSF PG DBMMJOH UIF

QPMJDF BO BNCVMBODF B UPX USVDL B

SFQMBDFNFOU DBS OPUJGZJOH ZPVS JOTVSBODF

DPNQBOZ BOE NVDI NPSF 'PS NPSF

JOGPSNBUJPO WJTJU XXXCNXDPN

#.8 5FMF4FSWJDFT 8JUI $POEJUJPO

#BTFE 4FSWJDF ZPVMM CF BVUPNBUJDBMMZ

OPUJfiFE JO UIF EJTQMBZ PG ZPVS OFYU

OFDFTTBSZ TFSWJDF BQQPJOUNFOU 1SPWJEFE

ZPVWF DPOTFOUFE UIF NPTU JNQPSUBOU

WFIJDMF EBUB SFRVJSFE GPS BOBMZTJT

XJMM CF SFMBZFE UP #.8 BVUPNBUJDBMMZ

:PVS BTTJHOFE #.8 TFSWJDF QBSUOFSXJMM BDDFTT UIF JOGPSNBUJPO BOE DPOUBDU

ZPV GSFF PG DIBSHF UP NBLF B TFSWJDF

BQQPJOUNFOU JG POF JT OFDFTTBSZ

5P BDDFTT #.8 5FMF4FSWJDFT UIF

WFIJDMF NVTU CF FRVJQQFE XJUI UIF

PQUJPOBM *OUFMMJHFOU &NFSHFODZ $BMM PS

$POOFDUFE%SJWF 4FSWJDFT *G OFDFTTBSZ

UIF TFSWJDF DBO CF EFBDUJWBUFE BU BOZ

UJNF 'PS NPSF PO UIJT UPQJD QMFBTF WJTJU

XXXCNXDPNUFMFTFSWJDFT

#.8 'JOBODJBM 4FSWJDFT5BJMPSNBEF

fiOBODF #.8 'JOBODJBM 4FSWJDFT

PGGFST ZPV BUUSBDUJWF MFBTJOH fiOBODF

BOE JOTVSBODF QBDLBHFT 'PS GVSUIFS

JOGPSNBUJPO WJTJU XXXCNXGTDPNPS

BTL ZPVS MPDBM #.8 QBSUOFS UP NBLF

ZPV BO JOEJWJEVBM PGGFS

& #.8 &91&3*&/$&

8 57

8 57XXXCNXUW FOBCMFT

UP FYQFSJFODF UIF #.8 CSBOE JO

T EJWFSTJUZ 'FBUVSFT QPSUSBJUT

CBDLHSPVOE SFQPSUT QSPWJEF ZPV

JOGPSNBUJPO PO BVUPNPCJMFT

WBUJPOT TQPSUT BOE MJGFTUZMF UPQJDT

#.8 %SJWJOH &YQFSJFODF5IF

CFUUFS ZPV DPOUSPM ZPVS #.8 UIF NPSF

FOKPZNFOU ZPV XJMM EFSJWF GSPN ESJWJOH JU

6TF PVS USBJOJOH DPVSTFT UP MFBSO GPS

ZPVSTFMG XIBU JU NFBOT UP SFBDI B DBST

QIZTJDBM MJNJUT PO WBSJPVT UZQFT PG

TVSGBDFT BOE XIBU ZPV IBWF UP EP UP

DPOUSPM ZPVS WFIJDMF FWFO JO FYUSFNF

TJUVBUJPOT 'PS GVSUIFS JOGPSNBUJPO

QMFBTF WJTJU

XXXCNXESJWJOHFYQFSJFODFDPN

#.8 8FMU" WJTJU UP #.8 8FMU JT

TPNFUIJOH ZPV XJMM OFWFS GPSHFU XIFUIFS

ZPV HP UP QJDL VQ B OFX DBS PS KVTU UP

FOKPZ UIF GBTDJOBUJPO PG UIF CSBOE 5P

DPMMFDU B OFX WFIJDMF ZPV DBO DIPPTF

CFUXFFO UISFF PQUJPOT 1SFNJVN

$PNQBDU 1SFNJVN PS 1SFNJVN 1MVT

5P FOKPZ #.8 8FMU POMJOF TJNQMZ

WJTJU XXXCNXXFMUDPNFO

#.8 .BHB[JOF *O #.8 .BHB[JOF

FYQFSJFODF UIF OFXFTU #.8 NPEFMT

JO GSPOU PG TUVOOJOH CBDLESPQT %JTDPWFS

OFX EFTJHO USFOET USBWFM EFTUJOBUJPOT

BOE UIF SJDIOFTT PG NPEFSO MJGF &ODPVOUFS

QFPQMF XJUI WJTJPOBSZ JEFBT XIP BSF

DIBOHJOH UIF XPSME 'JOE PVU NPSF BU

XXXCNXDPNNBHB[JO

.BZ OPU CF BWBJMBCMF JO BMM DPVOUSJFT 1MFBTF

DPOTVMU ZPVS #.8 QBSUOFS

#.8 4FSWJDF


4)"1*/( 5)&'6563& 3&410/4*#-:

*O UIF #.8 (SPVQ XBT PODF BHB

%PX +POFT 4VTUBJOBCJMJUZ 8PSME BOE &V

BOE UIVT SBOLFE POF PG UIF NPTU TVTUBJODPNQBOJFT XPSMEXJEF 5IF EFWFMPQNF

WFIJDMF DPODFQUT BOE FDPGSJFOEMZ QSPEVVQ UP BOE JODMVEJOH SFDZDMJOH JT BO JOUF

PVS FOHJOFFSJOH QIJMPTPQIZ #.8 &GfiDTUBOEBSET IBWF FOBCMFE VT UP DVU UIF $

PG PVS flFFU PG OFX WFIJDMFT JO &VSPQF C CFUXFFO BOE UPEBZ 8FSF B

SFEVDF UIF BNPVOU PG SFTPVSDFT TVDI BFOFSHZ VTFE JO QSPEVDUJPO CZ CFUX

1SPEVDUJPO BU PVS FOHJOF QMBOU JO

CFFO XBTUFXBUFS GSFF TJODF "OEPG PVS WFIJDMFT JT EFTJHOFE GPS FBTZ BOE

SFDZDMJOH BGUFS JUT MPOH SVOOJOH MJGF 1MFB#.8 QBSUOFS PO BMM NBUUFST SFHBSEJOH Z

WFIJDMF 'PS GVSUIFS JOGPSNBUJPO QMFBTF W

XXXCNXDPN&GfiDJFOU%ZOBNJDTXXXCNXHSPVQDPNSFTQPOTJCJMJ

XXXCNXDPNSFDZDMJOH


35/35

.PSF BCPVU #.8

XXXCNXDPN4IFFS

%SJWJOH 1MFBTVSF

5IF NPEFMT JMMVTUSBUFE JO UIJT CSPDIVSF TIPX UIF TQFDJGJDBUJPOT BOE DPOGJHVSBUJPOT TUBOBOE PQUJPOBM FRVJQNFOU PG WFIJDMFT QSPEVDFE CZ #.8 "( GPS UIF (FSNBO NBSLFU "DDP

Documents

2series Coupe