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CBHT
7BDVVNTFBMJOHGPSUIFGSFF[FS
'JSTUPGBMMVTFUIFGSFTIFTUQPTTJCMFGPPE:PVSWBDVVNTFBMFSXJMMBMMPXZPVUPSFUBJOBMMUIF
GSFTIOFTTPGUIFGPPEJGJUJTQSPQFSMZQSFTFSWFE4PNFGPPETIBWFBTPGUDPOTJTUFODZXIJDIDPVME
CFEBNBHFECZWBDVVNTFBMJOHUIFQSPEVDUXIFOGSFTI5PQSFQBSFEFMJDBUFGPPETMJLFNFBU
¾TICFSSJFTCSFBEFUDJUJTBEWJTBCMFUPQSFGSFF[FUIFN¾STU*OUIF¾STUUXFOUZGPVSIPVST
UIFSFJTOPSJTLPGGSFF[FSCVSOTTPZPVDBOWBDVVNTFBMUIFQSPEVDUTGSP[FOUIFQSFWJPVTEBZ
JO."(*$7"$
CBHTBOEUIFOLFFQUIFNJOUIFGSFF[FSGPSMPOHQFSJPETTPBTUPQSFTFSWFBMM
UIFOVUSJUJPOBMWBMVFTBOE¿BWPVSPGUIFQSPEVDUZPVIBWFQBDLFE8IFOWBDVVNTFBMJOHTPVQT
TUFXTPSPUIFSMJRVJEGPPEQSFGSFF[FJUJOBQBOPSIJHITUSFOHUIEJTI8IFOUIFGPPECFDPNFT
TPMJEWBDVVNTFBMJUBEEBMBCFMBOESFQMBDFJOZPVSGSFF[FS
5PWBDVVNTFBMWFHFUBCMFTQFFMUIFNBOEUIFOCMBODIUIFNCSJF¿ZJOCPJMJOHXBUFSPSBNJDSP
XBWFPWFOVOUJMUIFZBSFXBSNCVUTUJMM¾SN5IFOWBDVVNTFBMUIFNJODPOWFOJFOUQPSUJPOT
*GUIFGPPEJTOPUQSFGSP[FOMFBWFBOFYUSBDNJOUIFMFOHUIPGUIFCBHUPBMMPXGPSFYQBOTJPO
EVFUPGSFF[JOH8JUISFHBSEUPNFBUBOE¾TIJUJTBEWJTBCMFUPQMBDFUIFGPPEPOBQBQFSUPXFM
BOEWBDVVNTFBMJUXJUIUIFUPXFMJOUIFCBH5IJTXJMMBCTPSCBOZNPJTUVSFJOUIFGPPE
5PQSFTFSWFGPPEMJLFGPDBDDJBDSpQFTBOETNBMMIBNCVSHFSTTUBDLUIFNPOUPQPGFBDIPUIFS
QMBDJOHHSFBTFQSPPGQBQFSPS¾MNCFUXFFOFBDIQJFDF5IJTXJMMNBLFJUFBTJFSUPSFNPWFTPNF
PGUIFGPPESFQBDLBHFUIFSFTUBOESFQMBDFJUJNNFEJBUFMZJOUIFGSFF[FS
7BDVVNTFBMJOHGPSUIFGSJEHF
"QQSPQSJBUFQPSUJPOTPGGPPEDBOCFQSFQBSFEJOBEWBODFUIFOWBDVVNTFBMFEBOELFQUJOUIF
GSJEHFGPSVTFBUEJGGFSFOUUJNFTSFBEZUPCFIFBUFEBTBOEXIFOOFDFTTBSZ
7BDVVNTFBMJOHGPSUIFQBOUSZ
&WFOGPPETUIBUDBOLFFQBUSPPNUFNQFSBUVSFMJLFGPSFYBNQMFDPGGFF¿PVSQBTUBTVHBSFUD
DBOCFOF¾UGSPNWBDVVNTFBMJOH*GUIFTFQSPEVDUTBSFUPSFNBJOVOVTFEGPSTFWFSBMEBZTTVDI
BTXIFOZPVHPBXBZPOIPMJEBZJUJTBEWJTBCMFUPQSPUFDUBMMGPPETCZWBDVVNTFBMJOH5IFZXJMM
LFFQCFUUFSBOENPJTUVSFNPVMEBOEJOTFDUTXJMMOPUBUUBDLBOESVJOUIFN
%FGSPTUJOHGPPEJOCBHT
5PEFGSPTUWBDVVNTFBMFEGPPETVDIBTNFBU¾TIGSVJUWFHFUBCMFTPSPUIFSEFMJDBUFGPPETUVGGT
QMBDFJUPOUIFMPXFTUTIFMGJOUIFGSJEHFUPEFGSPTUTMPXMZ#SFBEBOEGPDBDDJBTIPVMECFMFGUBU
SPPNUFNQFSBUVSFXIJMFTPVQTPSPUIFSMJRVJEGPPETTIPVMECFJNNFSTFEJOIPUXBUFSTUJMM
JOUIFWBDVVNCBHTVOUJMUIFZSFBDIUIFSJHIUUFNQFSBUVSF8IFOZPVMFBWFGPPEBUSPPNUFNQF
SBUVSFPSIFBUJUJOBCBJONBSJFNBLFTVSFZPVDVUPOFDPSOFSPGUIFCBHUPMFUUIFTUFBN
FTDBQF8IFOUIFGPPEIBTCFFOEFGSPTUFEJUNVTUCFDPOTVNFEJNNFEJBUFMZ%POPUSFGSFF[FJU
3FQBDLBHJOHQSFQBDLFEGPPE
.BOZGPPETUVGGTMJLFDIFFTFBOENFBUBSFTPMEQSFQBDLFEJOGBDUPSZQSFQBSFEWBDVVNCBHT
5PSFUBJOUIF¿BWPVSBOEGSFTIOFTTPGUIFTFGPPETSFQBDLBHFUIFNJO."(*$7"$
CBHTBGUFSUIF
GBDUPSZQBDLBHFIBTCFFOPQFOFE
1SFQBDLFEGPPETNVTUBMXBZTCFDPOTVNFECZUIFVTFCZEBUFTIPXOPOUIFPSJHJOBM
QBDLBHF5IFZNVTUBMTPCFIBOEMFEXJUIUIFHSFBUFTUDBSFBOEIZHJFOFXIFOSFQBDLBHJOH