!
VTGE!Cfxkuqt!
CFXKUQT!Rcig!3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Lcpwct{ !3128 !
#
HTQO!VJG!GZGEWVKXG!FKTGEVQT!
Cu! 3128! igvu! tqnnkpi-! vjg!
Eqookuukqp! cpf! kvu! uvchh!
ctg! xgt{! dwu{! hwtvjgtkpi!
vjg!okuukqp!qh!vjg!cigpe{/!!
Jgtg! ctg! c! hgy! jkijnkijvu!
qh!ewttgpv!gxgpvu/!!!
Vjg ! oqu v ! x k u k d n g!
ceeqornkujogpv! ku! vjg!
wpxgknkpi! qh! vjg! pgy!
VTGE! ygdukvg/! D{!
Hgdtwct{! 2uv-! yg! yknn!
eqorngvg!vjg!vtcpukvkqp!vq!
c! pgy! ukvg-! qticpk|gf! vq!
dg!oqtg!kpvwkvkxg!cpf!ykvj!
c! tgurqpukxg! fgukip! vjcv!
rtgugpvu! cnn! qh! vjg!
tgqticpk|gf!eqpvgpv! kp!c! hqtocv! vjcv! cwvqocvkecnn{! cflwuvu! vq!
vjg! fgxkeg! qp! yjkej! kv! ku! fkurnc{gf/! ! ! Vjcpmu! vq! cnn! yjq!
@QQHQRDC UHRG EDDCA@BJ CSPHMF RGD YQNERZ K@SMBG HM 5@MS@PW' .Q
{qw! wug! kv-! yg! gpeqwtcig! {qw! vq! eqpvkpwg! ugpfkpi! cp{!
eqoogpvu!cpf!uwiiguvkqpu!hqt!ocmkpi!qwt!ukvg!gxgp!dgvvgt/!!!!!!!!
?D UDKBNLDC NSP YEHDKC ENPBDZ NE HMTDQRHF@RNPQ HMRN RGD NEEHBD
cv!vjg!gpf!qh!Lcpwct{!hqt!cp!cppwcn!Gphqtegogpv!Eqphgtgpeg/!
Vjku! vtckpkpi! gxgpv! ku! c! xcnwcdng! qrrqtvwpkv{! hqt! wu! vq!
korngogpv!rtqeguu!cpf!vgejpqnqi{! kortqxgogpvu-!yjkng!cnuq!
tgegkxkpi! guugpvkcn! hggfdcem! htqo! qwt! gzrgtkgpegf! htqpv! nkpg!
vgco/! Kv! cnuq! cnnqyu! vjg! kpxguvkicvqtu! htqo! vjg! Eqookuukqp!
@MC /N@PC RN QG@PD YADQR OP@BRHBDQZ RG@R LHFGR @QQHQR D@BG
itqwr!vq!ngctp!mg{!nguuqpu!htqo!vjg!uweeguugu!qh!vjg!qvjgt/!!C!
itgcv!vtcfkvkqp!eqpvkpwgu/!!!!!
Vjg! Eqookuukqp! ku! rtgrctkpi! hqt! kvu! pgzv! oggvkpi! qp!
Oqpfc{-! Hgdtwct{! 24vj/! ! Jgnf! gcej! {gct! qp! c! fcvg! vjcv! ku!
cnkipgf! ykvj! vjg! VCT! Ykpvgt! Oggvkpi! kp! Cwuvkp-! yg! cnyc{u!
jqrg!vjku!eqqtfkpcvkqp!cnnqyu!oqtg! nkegpug!jqnfgtu!yjq!oc{!
dg! kp! vqyp! hqt! vjg! VCT! gxgpv! vq! cvvgpf! vjg! Eqookuukqp!
oggvkpi! cu!ygnn/! !Ewttgpv! kuuwgu! vjg!Eqookuukqp! ku!yqtmkpi!
qp! kpenwfg! vjg! ueqrg!qh!rtcevkeg! hqt!wpnkegpugf!cuukuvcpvu-!cu!
ygnn! cu! enctkh{kpi!rtcevkegu!uwttqwpfkpi! vjg!wug!qh!qrvkqpu! vq!
octmgv!tgcn!guvcvg/!!Qpiqkpi!fkuewuukqpu!cdqwv!nkegpug!jqnfgt!
@CTDPRHQHMF% YRD@LZ CWM@LHBQ @MC T@KS@RHNM PDK@RDC HQQSDQ
eqpvkpwg!cu!yg!uggm!vq!etchv!ectghwn!rtqrqucnu!yjkej!dcncpeg!
vjg!kpvgtguvu!qh!cnn!kpxqnxgf!yjkng!rtqxkfkpi!engct!kphqtocvkqp!
vq!dgvvgt!ugtxg!enkgpvu!cpf!rtqvgev!vjg!oquv!korqtvcpv!rctv{!kp!
gcej!vtcpucevkqp!.!Vgzcu!eqpuwogtu/!!!!!
Kp!cffkvkqp-!qp!Htkfc{!Hgdtwct{!21vj!htqo!2! vq!5!RO-!VTGE-!
VCNED-!VCT!cpf!vjg!Tgcn!Guvcvg!Egpvgt!cv!Vgzcu!C'O!ctg!
eqjquvkpi! vjg! 2uv! Cppwcn! Tgukfgpvkcn! Tgcnv{! Uwookv! cv! vjg!
J{cvv! jqvgn! kp! Cwuvkp/! ! Vjku! gxgpv! yknn! hgcvwtg! vyq! rcpgn!
fkuewuukqpu! oqfgtcvgf! d{! Eqookuukqp! Ejckt! Cxku! Ywmcuej!
cpf! Dqctf! Ejckt! Lcokg! Ykemnkhhg! vjcv! yknn! gzrnqtg! ewttgpv!
kuuwgu! chhgevkpi! tgukfgpvkcn! tgcn! guvcvg! vtcpucevkqpu/! ! Vjg!
rtkoct{! qdlgevkxg! qh! vjg! Uwookv! ku! vq! kfgpvkh{! eqooqp!
dcttkgtu! cpf! rqvgpvkcn! uqnwvkqpu! htqo! cp! kpvgtfkuekrnkpct{!
rgturgevkxg/! Hqnnqy! vjg! nkpm! qp! qwt! ygdukvg! jqogrcig! hqt!
oqtg!kphqtocvkqp!cpf!vq!tgikuvgt!vq!cvvgpf/!!!!!
Kp! eqplwpevkqp! ykvj! vjg! Tgcn! Guvcvg! Egpvgt! cv! Vgzcu! C'O-!
vjg! Jqdd{! Uejqqn! qh! Rwdnke! Chhcktu! cv! vjg! Wpkxgtukv{! qh!
Jqwuvqp! jcu! eqorngvgf! c! uwtxg{! qh! VTGE! cpf! VCNED!
nkegpug! jqnfgtu/! Vjg! hktuv! uwej! uwtxg{! eqpfwevgf! kp! qxgt! c!
fgecfg-! vjg! hkpcn! tgrqtv! gzcokpgu! cvvtkdwvgu-! cvvkvwfgu! cpf!
rtcevkegu! qh! ewttgpv! tgcn! guvcvg! tgncvgf! nkegpug! jqnfgtu/! ! Vjku!
pqy! tgrtgugpvu! c! dcugnkpg! qh! fcvc! vjcv! ecp! dg! gzrnqtgf! vq!
dgvvgt!wpfgtuvcpf!vjg!pggfu!cpf!gzrgevcvkqpu!qh!vjku!encuu!qh!
rtqhguukqpcnu! uq! qwt! cigpe{! ecp! cflwuv! yjgtg! ycttcpvgf! vq!
oggv! ngikvkocvg! fgxgnqrogpvu! kp! yc{u! vjcv! cnkip! ykvj! qwt!
okuukqp!qh!eqpuwogt!rtqvgevkqp/!!Vjku!uwtxg{!yknn!dg!tgrgcvgf!
gxgt{!hqwt!{gctu!vq!cuukuv!vjg!cigpe{!vq!tgockp!tgurqpukxg!cpf!
tgngxcpv/! !Vjg!uwtxg{!tgrqtv!oc{!dg!ceeguugf!htqo!c! nkpm!qp!
vjg!ygdukvg!jqog!rcig!qh!dqvj!VTGE!cpf!VCNED/!!!!
K! vtwuv! vjcv! {qw! ecp! ugg! htqo! vjku! nkuv! qh! rtqlgevu! vjcv! {qwt!
tgiwncvqt{! cigpe{! ku! cevkxgn{! yqtmkpi! vq! ceeqornkuj! cnn! vjg!
xctkqwu! fgocpfu! qh! qwt! xkvcn! okuukqp/! ! Yg! ygneqog! vjg!
eqpvkpwgf!eqqrgtcvkqp!cpf!enqug!eqnncdqtcvkqp!qh!qwt! nkegpug!
jqnfgtu!cpf!cnn!qvjgt!uvcmgjqnfgtu/!Cko!jkij"!!!
Fqwincu!G/!Qnfokzqp!
Gzgewvkxg!Fktgevqt!
KORQTVCPV!FCVGU!VQ!TGOGODGT !!
Vgzcu!Tgukfgpvkcn!Tgcnv{!Uwookv_Hgdtwct{!21-!3128!
Vgzcu!Tgcn!Guvcvg!Eqookuukqp!Oggvkpi_Hgdtwct{!24-!3128!
VTGE!Cigpe{!Wrfcvg!cv!VCT!Ykpvgt!Oggvkpi!_!Hgdtwct{!24-!3128!
)4!vq!6*!
Ejgem!vjg!VTGE!ygdukvg!tgiwnctn{!hqt!rquvkpiu!qh!cnn!qh!qwt!wr.
eqokpi!oggvkpiu/!!
!
VTGE!Cfxkuqt!
CFXKUQT!Rcig!4!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Lcpwct{ !3128 !
#
'hCaICeIf #aKbeEJ`Jah 'Jeo\EJf \f KeJdnJah_q Cf^JI
,)[Ch CeJ qbne `bfh Eb``ba o\b_Cjbaf- "aI
,$bp Ib % fhCq bnh bK hebnD_J- #
([J CYJaEq eJYn_Ce_q I\fE\c_\aJf _\EJafJ [b_IJef Kbe h[J
Kb__bp\aY \ffnJf #
#
240&15*2& yjwl mRgWm RbWiom *} n{ vw} S YZ[Zv{Z }w
TzwsZz {xZzn{nwv 1tZ }w {S w Ywv,} {
xZzn{Z wz {StZ{ SkZv}{ *v w}mZz wzY{ {Snvk .*
YnYv,} svw STw} n}/ n{ {wuZuZ{ uwzZ w[ Sv SYun{
{nwv }mSv S YZ[Zv{Z#
#
1Zkn{}Zz wz RmmwhWV iRhW n}mnv YS{ w[ {nvk n}
wz mZv w {}wx {nvk n} 6mZv n},{ S {StZ{ SkZv},{
vSuZ }mn{ u{} TZ YwvZ T }mZ {xwv{wznvk TzwsZz
6Z mSZ S [wzu [wz }mS} }mZ %#"0 [wzu 1tZ
Z#
#
*[ n},{ S tZkSt Zv} tnsZ Sv ,,$ wz S UwzxwzSwv }mS}
UwvYU}{ zZSt Z{}S}Z TzwsZzSkZ Z n{ wv }mZ Uwv}zSU}
S{ }mZ TzwsZz TZ {zZ w mSZ S {ZxSzS}Z geSWimW Xjl
odRo Wiqoy *} n{v,} Zvwkm }mS} w mSZ Sv nvYnnYSt
tnUZv{Z SvY .zZkn{}Zznvk/ S {ZxSzS}Z tZkSt Zv} n}m
{ YwZ{v,} wzs }mS} wvt wzs{ [wz S{{uZY vSuZ{#
$jjkWlRoW n}m Sv nvZ{kSwv .w} zZ{xwvYnvk }w S
31&$ nvZ{kS}wz,{ zZyZ{} [wz Sv nv}ZznZ wz YwU
uZv}{ n{ {Stt S {}zSnkm~wzSzY nwtSwv 31&,"
S SvY S0 2.31&,"/ n{ 3mZ 3ZS{
1ZSt &{}S}Z ,nUZv{Z "U} mnUm n{ S} $mSx}Zz 3Z
S{ /UUxSwv{ $wYZ *},{ wv wz ZT{n}Z#
#
3Ztt { nv znvk n}mnv YS{ w[ avSt Zv}z w[ wz
XWgjiy jl XlRwV SjixeSqji knt} xtZS wz vwtw Uwv
}ZvYZzZ xtZS 31&," S SvY S0
'SntzZ }w Uwuxt n}m }mn{ USzznZ{ S unvnuu xZvSt}
w[ #
#
#Z USzZ[t STw} UwvYUvk kljkWloy hRiRbWhWi}
-SsZ {zZ w SzZ Ztt0}zSnvZY SvY {xZzn{ZY nv }mn{
SzZS "Tw} 0 xZzUZv} w[ }mZ SkZvU,{ zZSt Z{}S}Z
TzwsZzSkZ UwuxtSnv}{ zZtS}Z }w xzwxZz} uSvSkZ
uZv}#
#
#Z vnUZ SwmojhWl mWlxeSW wzs{ wvYZz{ /vUZ Z
mSZ S UwuxtSnv} Z uS vwUZ {wuZ}mnvk }mZ U{
}wuZz wz UtnZv} YnYv,} ZZv UwuxtSnv STw} 3mZ TZ{}
YZ[Zv{Z n{ }mS} }mZ SkZvU vZZz mZSz{ STw} }mZ n{{Z
TZUS{Z w StzZSY }wws USzZ w[ n} #
Ugxgp!Vkru!qp!Jqy!vq!Cxqkf!vjg!Oquv!Eqooqp!Xkqncvkqpu!
!
VTGE!!Gphqtegogpv!Cevkqpu !!
!
4UNVYKMTMU[ IUL LQZKQWSQUIY` IK[QVUZ [IRMU J` [PM DM_IZ BMIS 4Z[I[M 2VTTQZZQVU IYM
I]IQSIJSM VU [PM DB42 ^MJZQ[M' !
8UNVYTI[QVU QZ IKKMZZQJSM J` TVU[P IUL QZ ZMIYKPIJSM J` UITM% SQKMUZM U\TJMY% KQ[ %
IUL KV\U[ ' !
!
VTGE!Cfxkuqt!
CFXKUQT!Rcig!5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Lcpwct{ !3128 !
#
*v /U}wTZz }mZ $wuun{{nwv,{ ZSu SYunvn{}zS}wz 0ZSz{wv 54& nv[wzuZY 31&$ &YUSwv xzwnYZz{ }mS} zZn{nwv{ }w
}mZ Uwv}Zv} w}tnvZ SvY ZSu [wz }mZ vSwvSt xwzwv w[ }mZ 3ZS{ zZSt Z{}S}Z {StZ{ SkZv} SvY TzwsZz ZSunvSwv{ wtY
TZUwuZ Z^ZUZ 'ZTzSz " Uwx w[ }mZ zZn{ZY w}tnvZ S{ St{w [wzSzYZY S} }mS} uZ #
3mZ xYS}ZY vSwvSt xwzwv w[ }mZ zZSt Z{}S}Z ZSu ntt kw tnZ wv 'ZTzSz " Uwx w[ }mZ vZ w}tnvZ n{ St{w SSntSTtZ nv }mZ 0ZSz{wv 54& 3ZS{ 1ZSt &{}S}Z $SvYnYS}Z )SvYTwws [wvY S} xZSz{wvZUwu#
Vq!tgpgy!c!dtqmgt! nkegpug!d{!c!dwukpguu!gpvkv{-! vjg!
dwukpguu!gpvkv{!owuv!rtqxkfg
2/! Rtqqh!vjcv!vjg!fgukipcvgf!dtqmgt!qypu!cv!ngcuv!
21&!qh!vjg!!!!dwukpguu!gpvkv{/!Kh!vjg!fgukipcvgf!
dtqmgt! fqgu! pqv! qyp! cv! ngcuv! 21&! qh! vjg!!!!!
dwukpguu!gpvkv{-!rtqxkfg!rtqqh!vjcv!vjg!dwukpguu!
gpvkv{! ockpvckpu! G'Q! kpuwtcpeg! kp! vjg! coqwpv!
qh!%2!oknnkqp!rgt!qeewttgpeg/!
3/! C!Htcpejkug!Vcz!Ceeqwpv!Uvcvwu!rcig!htqo!vjg!
Vgzcu! Eqorvtqnngt! qh! Rwdnke! Ceeqwpvu! kuuwgf!
ykvjkp! 32! fc{u! rtkqt! vq! vjg! tgpgycn!!!!!!!!!!!!!
crrnkecvkqp/!
4/! @URRI RI WKH GHVLJQDWHG EURNHU`V FXUUHQW VWDWXV
cu!cp!qhhkegt-! ! ! !ocpcigt-!qt!igpgtcn!rctvpgt!
hqt!vjcv!gpvkv{/!
Gzcorngu! qh! ceegrvcdng! rtqqh! qh! qypgtujkr!!!!!!!!
fqewogpvu!kpenwfg-!dwv!ctg!pqv!nkokvgf!vq
' Okpwvgu! qh! vjg! eqorcp{! oggvkpi! fgukipcvkpi!
qypgtujkr!!!!!!!!rgtegpvcigu!
' C! Eqorcp{! Tguqnwvkqp! kpfkecvkpi! rgtegpvcig!
qypgf!d{!vjg!!!!fgukipcvgf!dtqmgt!
' Ctvkengu! qh! Qticpk|cvkqp0Kpeqtrqtcvkqp! vjcv!!!!
kpenwfg!qypgtujkr!!!!!!!!rgtegpvcigu!
' Uejgfwng! M.2-! E-! qt! I! htqo! vjg! KTU! kpfkecvkpi!
qypgtujkr!!!!!!rgtegpvcigu!
' Nkokvgf! Rctvpgtujkr! Citggogpv! fgukipcvkpi!
qypgtujkr!!rgtegpvcigu!
!
!
Gzcorngu! qh! ceegrvcdng! rtqqh! qh! vjg! fgukipcvgf!
EURNHU`V PDQDJHPHQW DXWKRULW\ RI WKH HQWLW\ ZLOO
fgrgpf!qh!vjg!v{rg!qh!dwukpguu!gpvkv{/!!!
' C! eqtrqtcvkqp! ecp! uwdokv! c! Eqtrqtcvg!!!!!!!!!!
