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Grade 7 IT Textbook

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28 views

Grade 7 IT Textbook

Uploaded by

Nihala Farheen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 48

Lesson-2

Hyper Text Markup Language (HTML)


HTML:
You will learn
HTML is the building block for web pages.
Prerequisites: You will need a text editor,
such as Notepad and an Internet browser,  Heading (H1 to H6)
 <Br>, <hr>
such as Internet Explorer or Netscape. ,<comment>
 Background Color
,font tag(size, face,
What is an html File? color)
i. HTML is a format that tells a computer  Text alignment
(center, left , right)
how to display a web page.
ii. An HTML file is a text file containing
small markup tags
iii. The markup tags tell the Web browser
how to display the page
iv. An HTML file must have an htm or html
file extension

What are HTML tags?


i. HTML tags are used to mark-up HTML elements.
ii. HTML tags are surrounded by the two characters < and >.
iii. HTML tags normally come in pairs like <b> and </b>.
iv. The first tag in a pair is the start tag, the second tag is the end tag.
v. HTML tags are not case sensitive, <b> means the same as <B>.

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Tag Description

<html> This tag marks the start of an html document

<head>...</head>This tag represents the document's header which can keep other HTML tags like
<title>, <link> etc.

<title> The <title>tag is used inside the <head> tag to mention the document title.

<body> This tag represents the document's body which keeps all the contents of a web page- text,
images, sound etc.

<Hn> This tag represents the heading tags of different sizes.


Where n is the number start from 1…6
Like <H1>,<H2>……..<H6>

<center> This tag is used to write a line or text in center

<p> This tag represents a paragraph.


<p align=left/right/center>This tag is used to write paragraph alignment in html.

<br> This tag is used to insert new line or insert enter in html

Bold, Italics, Underline :<b> tag is used to make a text bold in html.

<i>tag is used to make a text italics in html.

<u>tag is used to make a text underlined in html.

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Background color and text color: <body bgcolor ="yellow" > tag is used to change the
background color of an html page and <body text=”red”> changes text color.

How to create webpages?

1.click Start-> All Programs->Accessories. Open notepad and type the code given below

<html>

<head>

<title>My First Webpage

</title>

</head>

<body>

<center><h1> Webpage </h1></center>

This is my first homepage.

<b>This text is bold</b>

<i> This line is in italics text. </i>

<u> This line is in underline text. </u>

<br>This is the 1st line.

<br>This is the 2nd line.

</body>

</html>

2. Click File, Click Save as


3.Type a Name of your webpage dot html.e.g.: -mypage.html
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4. Open the Place where you saved your file. Double click on the file.

Assignment Question

Q. Write the code to create the following Webpage with background color ‘green’ and text color ‘red’

My School
Im a student of K.V,NFR Maligaon. I read in class 7.

<html>

<head>

<title>My Webpage

</title>

</head>

<body bgcolor ="yellow" text=”red”>

<center><h1> My School </h1></center>

<p align=left>Im a student of K.V,NFR Maligaon. I read in class 7. </p>

</body>

</html>

Q. Write an html code to show the working of various Paragraph alignment tags

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<html>

<head>

<title>

Paragraph in html

</title>

</head>

<body>

This is an html document.

<p align=left>This is a left paragraph in html </p>

<p align=right>This is a right paragraph in html </p>

<p align=center>This is a center paragraph in html </p>

</body>

</html>

Inserting Images in Webpage:


We can insert images to our Html pages to make it look more beautiful. <img> tag is used to insert
images in webpage. There are two ways to insert images in a webpage:

1. Internal:

Steps: 1. Open My Pictures or Sample Pictures or any folder containing pictures Copy the
picture you want

2. Create a folder on the Desktop or in My Documents

3.Open the Folder, and paste the Picture.

4.Right click, and click new and click text document.

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5.Open the text document and type the code given below.

<html>

<head>

<title>

Webpage with Pictures

</title>

</head>

<body bgcolor="yellow">

<img src=Name of image.jpg>

</body></html>

4.Save the file giving a name with dot html(mypage.html).

5.Open the webpage using browser

2. External: Here we type the location or address of the picture where it is, instead of simply
writing the name of the picture.

Steps:

1.Open a text document and type the code given below.

<html>

<head>

P a g e | 17
<title>

Webpage with Pictures

</title>

</head>

<body bgcolor="yellow">

<img src=c:\Windows\Web\Wallpaper\Name of image.jpg>

</body>

</html>

2.Save the file giving a name with dot html(mypage.html).

3.Open the webpage using browser

To insert images with adjusted height and width: We can change the width and height of the
inserted image in our webpage by simply writing the ‘width’ and ‘height’ options inside the <img> tag

<img src=Name of image.jpg width=50 height=50>

SUMMARY

1. HTML is a format that tells a computer how to display a web page; it is the building block for
web pages.
2. HTML tags normally come in pairs like <b> and </b>.
3. <html> This tag marks the start of an html document
4. <head>...</head>This tag represents the document's header which can keep other HTML tags
like <title>, <link> etc.
5. <title> The <title>tag is used inside the <head> tag to mention the document title.
6. <body> This tag represents the document's body which keeps all the contents of a web page-
text, images, sound etc.
7. <h1> ,<h2>,……<h6>This tag represents the heading tags of different sizes.

P a g e | 18
8. <center> This tag is used to write a line or text in center
9. <p> This tag represents a paragraph.
10. <img> tag is used to insert images in webpage

EXERCISES

A. Fill in the blanks


i. _____________ is the building block of HTML
ii. HTML document must have .html or ___________ extensions.
iii. _____________tag is used to write line or text in center.
iv. _____________tag is used to set paragraph.
v. To insert image ___________tag is used.

B. Find true or false


i. HTML tags are case sensitive.
ii. <h1><h2>……..<h6> tags represent heading tags of different size.
iii. <p> tag is used to insert new line or insert enter in HTML.
iv. <img> tag is used to insert images in webpage.
v. <B> tag is used to make text italics.

C. Short answer question

i. What is HTML?
ii. Name any two attributes used with the BODY tag.?
iii. Write the HTML code to set the background color to yellow.?
iv. How would you insert image in an Html document?
v. What does the ‘n’ in the <Hn> tag indicate?

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In the lab

1. Ankita has made the HTML document shown below, which displays headings in different
Sizes. Write the HTML code for creating a similar document.

2. Anita wants to create simple Web page on Input devices. Help her by listing the steps required
for creating the web page.

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Lesson-3
You will learn
HTML LISTS
Lists in HTML  Paragraph formatting
Tags
1. Unordered Lists - An unordered list has no  List Tags
specific numbering or ordering. It starts with  Order (start and type
attribute) and Un order
the <ul> tag. Each list item starts with the <li>
List
tag.Example: Create the following List in HTML  Background Image and
other Image Insertion in
<html> Web Page with alignment
 Creation of table
<head>
 Anchor Tag
 Hyper Link
<title>

Unordered list

</title>

<head>

<body>

<h2><b>Unordered List with Bullets</b></h2>

<ul>
Unordered List with Bullets
<li>Coffee</li>
I like to drink the following:
<li>Tea</li>
• Coffee
<li>Milk</li> • Tea
</ul> • Milk

</body>

</html>

Unordered list styling- <ul style="list-style-type:circle"> OR <ul style="list-style-type:square">

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11. Ordered Lists - An ordered list can be numerical or alphabetical in a specific order.

Example: Create the following List in HTML

<html>
Ordered List with Numbers
<head>
I like to drink the following:
<title>
1. Coffee
Ordered list 2. Tea
3. Milk
</title>

</head>

<body>

<h2><b>Ordered List with Numbers</b></h2>

<ol>

<li>Coffee</li>

<li>Tea</li>

<li>Milk</li>

</ol>

</body>

</html>

Ordered list styling- To change the starting number from default 1 to any number we use the ‘start’
option.

To Change from numbers to alphabet or to roman numbers we use the ‘type’ option.

Example: <ol start="10” type=i >


x. Coffee
<li>Coffee</li> xi. Tea
xii. Milk
<li>Milk</li>

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</ol>

TABLES IN HTML:
HTML tables allow web authors to arrange data like text, images, links, other tables, etc. into rows
and columns of cells. The HTML tables are created using the <table> tag in which
the <tr> tag is used to create table rows and <td> tag is used to create data cells.

Example: Create the following List in HTML

Month Saving
January $100
February $75

<html>
<head>
<title>
Table in html
</title>
</head>
<body>
<table>
<tr>
<td>Month</td>
<td>Savings</td>
</tr>
<tr>
<td>January</td>

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<td>$100</td>
</tr>
<tr>
<td>February</td>
<td>$75</td>
</tr>
</table>
</body>
</html>

1. Table Border:We add border option in <table> tag i.e.<table border=”1”>

2. Bordercolor: It specifies the color of the table’s border.


Syntax: <table border=3 bordercolor=red>

3. Cellspacing: It is the space between cells.

4. Cellpadding: It is the distance between cell border and the cell


contents.

Syntax: <table border=3 bordercolor=red cellspacing=10 cellpadding=10>

5. Background: It is used to give image in the background. This attribute takes URL of the file as its
value.

Syntax: <table background=”path”

6. Bgcolor: It is used to give colour in the background of the table.

Syntax: <table bgcolor=”red”>

7. Height and Width: These attributes are used to specify the height and width of the table in pixel

Syntax: <table height=200 width=300 >

ROWSPAN AND COLSPAN ATTRIBUTES OF TABLE TAG

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Stretching a cell over multiple rows or columns is refered to as spanning. Two or more adjacent rows
can be combined together to form a single row using the rowspan attribute. Two or more adjacent
columns can be combined together to form a single columns using the colspan attribute.

<html>

<Table border=1>

<caption> PRICE LIST</caption>

<tr><th colspan=2>Activity Name</th><th>Monthly Charges</th></tr>

<tr><td rowspan=2>INDOOR Activities</td><td>Indian Dance</td><td>Rs.


250</td></tr>

<tr><td>Dramatics</td><td>Rs. 350</td></tr>

<tr><td rowspan=2>OUTDOOR Activities</td><td>Skating</td><td>Rs.


150</td></tr>

<tr><td>Horse Riding</td><td>Rs. 400</td></tr>

</Table>

</html>

Output :-

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Anchor Tag:
The ‘a’ or anchor tag. Hyperlinks, or links, are how you move around the web. An <a> or anchor tag is
how you make hyperlinks in HTML. The ‘a’ or anchor tag is an elegantly simple and powerful tool.
There are two ways two insert hyperlinks in html:
1. Internal link –
Steps: 1. Open My Pictures or Sample Pictures or any folder containing pictures or songs or any
file, Copy the file you want

2. Create a folder on the Desktop or in My Documents

3.Open the Folder, and paste the file.

4.Right click, and click new and click text document.

5.Open the text document and type the code given below.

<html>

<head>

<title>

Links in HTML

</title>

</head>

<body>

<p><a href=Name of the file. extension>Click here to download</a></p>


P a g e | 26
</body>

</html>

4.Save the file giving a name with dot html(mypage.html).

5.Open the webpage using browser.

2. External: Here we type the location or address of the picture or file where it is, instead of
simply writing the name of the picture.

Steps:

1.Open a text document and type the code given below.

<html>

<head>

<title>

Webpage with Pictures

</title>

</head>

<body >

<p><a href=c:\User\Name of the file. extension>Click here to download</a></p>

P a g e | 27
</body>

</html>

4.Save the file giving a name with dot html(mypage.html).

5.Open the webpage using browser

To open webpages using hyperlinks: We can open different webpages by simply clicking on a
hyperlink by providing the address of the webpage using <a> tag

<a href="http://www.yahoo.com">Visit Yahoo</a>

To change HTML Link Color: We can change the color of the hyperlinks by using the following
options in the <body> tag.

link="color" For the a page that hasn't been to visited yet


vlink="color" For the visited link color
alink="color" For the active link color

<body link="blue" alink="blue" vlink="red">

SUMMARY

1. Each list item starts with the <li> tag.


2. In HTML List are of three types Ordered list, Unordered list, Definition list.
3. An ordered list can be numerical or alphabetical in a specific order.
4. An unordered list has no specific numbering or ordering. It starts with the <ul> tag.
5. HTML tables allow web authors to arrange data like text, images, links, other tables, etc. into
rows and columns of cells.
6. HTML tables are created using the <table> tag.
7. In HTML <tr> tag is used to create table rows and <td> tag is used to create data cells.
8. Cellspacing is the space between the cells.
9. Cellpadding is the distance between cell border and the cell contents.
10. Stretching a cell over multiple rows or columns is refered to as spanning.

P a g e | 28
11. Two or more adjacent rows can be combined together to form a single row using the rowspan
attribute.
12. Two or more adjacent columns can be combined together to form a single columns using the
colspan attribute.
13. An <a> or anchor tag is how you make hyperlinks in HTML.
14. There are two ways two insert hyperlinks in html : Internal Link, External Link.

EXERCISES

A. Fill in the blanks


i. __________list can be numerical or alphabetical in a specific order.
ii. Each list item should start with_____________tag.
iii. We can create table in HTML by using___________tag.
iv. __________tag is used to create table row whereas ___________tag is used to create
Data cells.
v. Space between the cells is_____________.
vi. ___________is the distance between the cell border and the cell content.

B. Find true or false


i. We use Table border to change the color of border.
ii. Background is to give image in the background.
iii. <A HREF=”Lotus.html”> here ‘A’ stands for anchor tag.
iv. HREF attribute is used to set URL of the page.
v. <TD> tag is used to create table row.

C. Short Answer Questions


i. What is List in HTML?
ii. What are the types of List in HTML?
iii. Give one difference between Ordered list with Unordered list.?
iv. What is cellpadding?
P a g e | 29
v. Give one difference between rowspan with colspan.?
vi. What is cellspacing?
vii. What is the use of <A> tag in HTML? Give syntax.
viii. List four attributes of <A> tag.
ix. What are the types of Hyperlink?
x. Identify the error in code given below:
<img src=”mypage.html”

In the lab

1. The student of Lotus Public School wants to create the following web page related to the
outdoor activities help them to create the code in HTML.

2. Create your class time table with class teacher name using <TABLE> in HTML , You are free to
use colors of your own choice.

3. Anita is trying to create two web pages computer.html and definition.html where computer.html
is the name and are linked to definition.html. She wants that a click on name and it should

P a g e | 30
display the web page definition.html. Try this assignment to yourself to see whether you get
output correctly.

Lesson-4
Photoshop Introduction

Desktop publishing
You will learn

 DTP and its softwares


Desktop publishing (DTP) is the creation of documents  Starting Photoshop
 Tool Palette
using page layout skills on a personal computer. Desktop  How to create a new file
 How to save a file
publishing software can generate layouts and produce  How to open an Existing
file
typographic quality text and images comparable to traditional  How to use Photoshop
tools
typography and printing. This technology allows individuals, Using Layers
 Learning Layer Basics
businesses, and other organizations to self-publish a wide  Using Layers palette
 Rearranging Layers
range of printed matter.  Applying a Layer Style
 Flattening and saving
DTP skills and software used for common paper files

and book publishing are sometimes used to create graphics

for point of sale displays, promotional items, trade show

exhibits, retail package designs and outdoor signs.

P a g e | 31
DTP applications - List of desktop publishing software.

Adobe Frame Maker, Adobe Home Publisher, Adobe

Illustrator, Adobe InDesign, Adobe PageMaker

Adobe Photoshop, CorelDraw, Microsoft PowerPoint

PHOTOSHOP
An image editing software developed
and manufactured by Adobe Systems
Inc. Photoshop is considered one of the
leaders in photo editing software. The
software allows users to manipulate,
crop, resize, and correct color on digital
photos. The software is particularly
popular amongst professional
photographers and graphic designers.

Tool Palette:

P a g e | 32
CREATING A NEW DOCUMENT: To create a new document you choose Menu >File >New. This
opens a window that requires some input:

• Size…We will use 8 inches by 11 inches


• Background…We will use white.
• Resolution…We will use 150.
NOTE: Resolution specs
Web Resolution = 72
Print resolution = 150 or 300
Film Resolution = 600

Steps:
1. Menu > File > New
2. Put in a Size ( 8 inch by 11 inch)
3. Background is White
4. Resolution is 150 this time.

SAVE DOCUMENT AND THE FORMAT

Formats:
1. .PSD This is the Photoshop format and it preserves layers.
P a g e | 33
2. .JPG This is for the web and is used for graphics on the web.
3. .GIF This is also for the web but is best for text.
4. .TFF A great cross platform format that preserves all quality for printing.
5. .PCT Another good format for print and cross platform.

Steps:
1. Open Photoshop
2. Click File >Open navigate to document, click once on it, click OK.
3. Next let us perform some editing on the image or document
4. Next save it as Work.jpg on the desktop or any other folder
5. Click> File > Save As Change name, navigate to desired save location, Click OK

OPENING A FILE: Opening a file is easy, just do Menu > File > Open…Navigate to the file and
highlight it, then click OK.
Steps:
1. Open Photoshop
2. click File > Open >navigate to document, click once on it

How to use Photoshop tools

Solarize an image
P a g e | 34
1. Open an image on your canvas click File>Open and browse the image you want to open.
2. Click on Filter>Stylize>Solarize.
3. Click on OK

Painting Effect

1. Open an image
2. Click on Filter>Brush Stroke>Spatter. Give the values as follows: Spatter, Spray Radius - 10,
Smoothness - 5.

3. Next, click on Filter>Blur>Blur.


4. Click on OK and here is your result.

Cross-Stitch Effect

1. Open a new file.


2. Go to Filter>Texture>Patchwork. A new window opens; give the values Square Size - 5 and
Relief - 6.
3. Click on OK and here is your result.

REDUCING AN IMAGE SIZE

1. Open an image on your canvas by clicking on File>Open and browse for the image you want
to open.
2. click image, click image size-width 2cm, height 2cm (as given in online instruction)
3. click file save as, click save, enter the quality value to reduce the size
4. Save the photo.

Creating Photo Collage

1. Step 1. Open the image that will be your background or use any texture in Photoshop

Note: To use texture: click file->new, then click layer->new fill layer.

2. Step 2. Click File, click Place and select the image

P a g e | 35
3. Step 3. Resize the Image and move it position, right click and select place.

4. Step 4. Click File, click Place and select another image…Repeat step 3.

5. Step 5. Click layer->layer style, then click stroke or outer glow. To make it look attractive

Layers

Learning Layer Basics

One of the most useful features of applications like Photoshop is the ability to work with layers.
Layers allow you to have several pieces of images in the same file, which can be arranged on top of
each other to create a complete image.

Using Layers palette

P a g e | 36
Creating new Layers: From the Layers menu select New
and then Layer

Rearranging Layers: The stacking order is determined by the order in the layer’s palette. In the

layer’s palette, drag the circle layer so that it is above the rectangle layer.

Blending Layers/Layer Style

Once you have an image with more than one layer, the layers can be
blended together in a variety of ways. One way is to use modes. By
default, a layer will block out any sections of layers that it covers.
Blending modes allow you to combine layers in a variety of ways. Another
way is to use layer transparency settings to simply make a layer partially
transparent. A layer mask can also be used to hide parts of a layer a bit more selectively.

Select the Circle layer. Locate the Opacity option on the layer’s palette. To use this option, you
can either click the arrow and drag the slider or you can enter amounts in the box. Higher amounts
mean the layer will be more opaque. Lower amounts mean the layer will be more transparent.

Flattening and saving files

When you finish editing all the layers in your image, you can merge or flatten layers to reduce the file
size. Flattening combines all the layers into a single background layer. However, you cannot edit
layers once you’ve flattened them, so you shouldn’t flatten an image until you are certain that you’re
P a g e | 37
satisfied with all your design decisions. Rather than flattening your original PSD files, it’s a good idea
to save a copy of the file with its layers intact, in case you need to edit a layer later.

NOTE: If the sizes do not appear in the status bar, click the status bar pop-up menu arrow, and
choose Show > Document Sizes.

SUMMARY

1. Desktop publishing (DTP) is the creation of documents using page layout skills on a personal
computer.
2. Adobe Frame Maker, Adobe Home Publisher, Adobe Illustrator, Adobe InDesign, Adobe
PageMaker and Adobe Photoshop these all are DTP applications.
3. An image editing software developed and manufactured by Adobe Systems Inc. Photoshop is
considered one of the leaders in photo editing software.
4. .PSD, .JPG, .GIF, .TFF,.PCT these all are different Photoshop formats.
5. Layers allow you to have several pieces of images in the same file, which can be arranged on
top of each other to create a complete image.

EXERCISES
A. Fill in the blanks
i. DTP means_____________________
ii. Corel Draw is an example of________________.
iii. Photoshop support____________________formats.
iv. ____________allows you to have several pieces of images in the same file.
v. ____________is for the web but is best for text.

B. Find true or false


P a g e | 38
i. DTP allows you to have several pieces of images in the same file.
ii. .TFF format is good format for print and cross platform.
iii. Photoshop is considered one of the leaders in photo editing software.
iv. By default, a layer blocks out any sections of layers that it covers.

C. Short Answer Question:


i. What are layers?
ii. What do you mean by DTP?
iii. Give two example of DTP applications.?
iv. What are the Photoshop formats?

In the lab

1. Sunita wants to reduce the image size in Photoshop but she could not achieve it. Can you help
her to?

2. Create Photo Collage of your friends using Photoshop.

P a g e | 39
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ĂĐĐĞƐƐ Ă ǁŝĚĞ ǀĂƌŝĞƚLJ ŽĨ ŝŶĨŽƌŵĂƚŝŽŶ͘ P
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ƚŽ ƚŚĞ /ŶƚĞƌŶĞƚ ŐĞƚƐ ĐŽŶŶĞĐƚĞĚ ƚŽ LJŽƵ͘ zŽƵ Ƶ ĐĂŶŶ ĐŽŵŵƵŶŝĐĂƚĞ
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ƉŽƚĞŶƚŝĂ ƚŚƌĞĂƚ
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ƐĞĐƵƌŝƚLJ ĂŶĚ ƉƌŝǀĂĐLJ ƉƌŽďůĞŵƐ ǁŚŝůĞ Ğ ƵƐ
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ĐŽƵ Žƌ ĐƌĞĚŝƚ ĐĂƌĚ ŶƵŵďĞƌ ŽǀĞƌ ƚŚĞ /ŶƚĞƌŶĞƚ͘ /Ĩ LJŽƵ ĚŽ
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ŶŽƚ ƚĂŬĞ ŵĞĂƐƵƌĞƐ ƚŽ ƉƌŽƚĞĐƚ LJŽƵƌƐĞůĨ ĨƌŽŵ ƉŽƚĞŶƚŝĂů ƚŚƌĞĂƚƐ ŝŶ ƚŚĞ ĐLJďĞƌǁŽƌůĚ͕ LJŽƵ ĂŶĚ LJŽƵƌ
ĐŽŵƉƵƚĞƌ ĐŽƵůĚ ďĞĐŽŵĞ ƚŚĞ ƚĂƌŐĞƚ ŽĨ ĐLJďĞƌĐƌŝŵĞ͘
LJďĞƌĐƌŝŵĞƐ ĂƌĞ ƚŚŽƐĞ ŝŶƐƚĂŶĐĞƐ ǁŚĞŶ Ă ƉĞƌƐŽŶ ŝůůĞŐĂůůLJ ĂĐĐĞƐƐĞƐ LJŽƵƌ ĐŽŵƉƵƚĞƌ ĨŽƌ ŵĂůŝĐŝŽƵƐ
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ƌĞĐŽŵŵĞŶĚĞĚ ƉƌĞĐĂƵƚŝŽŶƐ LJŽƵ ĐĂŶ ƚĂŬĞ ƚŽ ƉƌŽƚĞĐƚ LJŽƵƌƐĞůĨ͘
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ƐŚĂƌŝŶŐ ĐŽŶŶĞĐƚŝŽŶƐ͘ /ƚ ĐĂŶ ĂůƐŽ ĞŶƚĞƌ ŝŶ LJŽƵƌ ĐŽŵƉƵƚĞƌ ǁŚŝůĞ ŝŶƐƚĂůůŝŶŐ Ă ƐŽĨƚǁĂƌĞ͘ dŚŝƐ ƉƌŽŐƌĂŵ
ƐĞĐƌĞƚůLJ ŐĂƚŚĞƌƐ ĚĂƚĂ ĨƌŽŵ LJŽƵƌ ĐŽŵƉƵƚĞƌ͕ ƐƚĞĂůƐ LJŽƵƌ ƉĂƐƐǁŽƌĚƐ͕ ĚŝƐƉůĂLJƐ ƵŶǁĂŶƚĞĚ
ĂĚǀĞƌƚŝƐĞŵĞŶƚƐ͕ ĂŶĚ ƚĂŬĞƐ ĐŽŶƚƌŽů ŽĨ LJŽƵƌ ǁĞď ďƌŽǁƐĞƌ͘
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ďƌŽǁƐĞƌ ǁŝŶĚŽǁ ŽŶ ƚŚĞ ƚŽƉ ŽĨ LJŽƵƌ ĐƵƌƌĞŶƚ ǁŝŶĚŽǁ͘ WŽƉͲƵƉƐ ĂƌĞ ŝƌƌŝƚĂƚŝŶŐ ĂŶĚ ŵĂLJ ĂůƐŽ ďĞ
ĚĂŶŐĞƌŽƵƐ ďĞĐĂƵƐĞ ĐůŝĐŬŝŶŐ ŝƚĞŵƐ ŝŶ ƚŚĞ ƉŽƉͲƵƉ ǁŝŶĚŽǁ ĐĂŶ ĐĂƵƐĞ ƐƉLJǁĂƌĞ Žƌ ǀŝƌƵƐĞƐ ƚŽ ďĞ
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ůĂƌŐĞ ŶƵŵďĞƌ ŽĨ ƌĞĐŝƉŝĞŶƚƐ͘ /ƚ ĐĂŶ ďĞ ƵƐĞĚ ƚŽ ĚĞůŝǀĞƌ ĞŵĂŝůƐ ƚŚĂƚ ĐŽŶƚĂŝŶ ǀŝƌƵƐĞƐ ĂŶĚ ƚĂƌŐĞƚĞĚ
ĂƚƚĂĐŬƐ ĂŝŵĞĚ Ăƚ ŽďƚĂŝŶŝŶŐ ƐĞŶƐŝƚŝǀĞ͕ ƉĞƌƐŽŶĂů ŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽŵĞ ƐƉĂŵ ŵĂLJ ŝŶĐůƵĚĞ ŚŝĚĚĞŶ ƚĞdžƚ
ƚŚĂƚ ďĞĐŽŵĞƐ ǀŝƐŝďůĞ ŽŶůLJ ŝĨ LJŽƵ ŚŝŐŚůŝŐŚƚ ƚŚĞ ĐŽŶƚĞŶƚ͖ ŝƚ ŝƐ Ă ĐŽŵŵŽŶ ƚƌŝĐŬ ƚŚĂƚ ƐƉĂŵŵĞƌƐ ƵƐĞ ƚŽ
ŐĞƚ ƚŚĞŝƌ ĞŵĂŝů ƚŽ ƉĂƐƐ ƚŚƌŽƵŐŚ ƐƉĂŵ ĨŝůƚĞƌƐ ǁŝƚŚŽƵƚ ĚĞƚĞĐƚŝŽŶ͘
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Žƚ ƌĞƐƉŽŶĚ͖ ũũƵƐƚ ĚĞůĞƚĞ
ĚĞů ŝƚ͘
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WŚŝƐŚŝŶŐ ŝƐ Ă ƐĐĂŵ ŝŶ ǁŚŝĐŚ LJŽƵ ǁŝůů ƌĞĐĞŝǀĞ ĂŶ ŽĨĨŝĐŝĂů Žƌ ůĞŐŝƚŝŵĂƚĞͲůŽŽŬŝŶŐ ĞŵĂŝů ŵĞƐƐĂŐĞ ƚŚĂƚ
ĂƚƚĞŵƉƚƐ ƚŽ ŽďƚĂŝŶ LJŽƵƌ ƉĞƌƐŽŶĂůů ĂŶĚͬŽƌ ĨŝŶĂŶĐ
ĨŝŶĂŶĐŝĂů ŝŶĨŽƌŵĂƚŝŽŶ͘ dŚĞƐĞ ŵĞƐƐĂŐĞƐ ƌĞƋƵĞƐƚ LJŽƵ ƚŽ
ƵƉĚĂƚĞ LJŽƵƌ ĐƌĞĚŝƚ ĐĂƌĚ ŶƵŵďĞƌ͕ ďĂŶŬŶŬ ĂĂĐĐŽƵŶ
ĂĐĐŽƵŶƚ ŶƵŵďĞƌ͕ ƉĂƐƐǁŽƌĚ͕ Žƌ ŽƚŚĞƌ ƉƌŝǀĂƚĞ ŝŶĨŽƌŵĂƚŝŽŶ͘
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WŚŝƐŚŝŶŐ ƐĐĂŵƐ ĐĂŶ ďĞ ĞdžĞĐƵƚĞĚ ǀŝĂ ĞŵĂŝů ŵ ǁĞďƐŝƚĞƐ͕ ĂŶĚ ĞǀĞŶ ŽŶ ƚŚĞ ƉŚŽŶĞ͘
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ƌĞĐŽƌĚ ĐĂůůĞƌ ŶĂŵĞ ĂŶĚ ƚŚĞ ƚŝŵĞ ŽĨ ƚŚĞ ĐĂůů͘ Ž ŶŽƚ ĚŝƐĐůŽƐĞ ƉĞƌƐŽŶĂů Žƌ ĨŝŶĂŶĐŝĂů ŝŶĨŽƌŵĂƚŝŽŶ
ƚŽ ƚŚĞ ĐĂůůĞƌ͘ /dW>EdͲϳ;KKdͿ
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ƚŽ ƚLJƉĞ ƚŚĞ ǁĞď ĂĚĚƌĞƐƐ ĐŽƌƌĞĐƚůLJ͘ dLJƉŝŶŐ ŝƚ ŝŶĐŽƌƌĞĐƚůLJ ŵĂLJ ƚĂŬĞ LJŽƵ ƚŽ Ă ƉŚŝƐŚŝŶŐ ǁĞďƐŝƚĞ
ǁŚĞƌĞ ƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶ LJŽƵ ĞŶƚĞƌ ĐĂŶ ďĞ ĐŽůůĞĐƚĞĚ ďLJ ĂŶ ƵŶŬŶŽǁŶ ƉĂƌƚLJ͘
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ŝŶĨĞĐƚ LJŽƵƌ ĐŽŵƉƵƚĞƌ ǁŝƚŚŽƵƚ LJŽƵƌ ŬŶŽǁůĞĚŐĞ͘ KŶĐĞ Ă ǀŝƌƵƐ ŝƐ ŝŶ LJŽƵƌ ĐŽŵƉƵƚĞƌ͕ LJŽƵƌ ĨŝůĞƐ ĂŶĚ ϴϳ
ŽƉĞƌĂƚŝŶŐ ƐLJƐƚĞŵ ŵĂLJ ďĞ ĚĂŵĂŐĞĚ͘ sŝƌƵƐĞƐ ƵƐƵĂůůLJ ĞŶƚĞƌ ŝŶƚŽ LJŽƵƌ ĐŽŵƉƵƚĞƌ ǁŚĞŶ LJŽƵ ŽƉĞŶ ĂŶ
ĞŵĂŝů ĂƚƚĂĐŚŵĞŶƚ Žƌ ĚŽǁŶůŽĂĚ ĚĂƚĂ ĨƌŽŵ ǁĞď͘
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Ă ŚŝĚĚĞŶ ĨŝůĞ͘
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ƚƌĂĐŬŝŶŐ ƐŽĨƚǁĂƌĞ͘
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ƉƌŽƚĞĐƚĞĚ ǁĞďƐŝƚĞ ĂŶĚ ƚŽ ĐůĞĂƌ ƚŚĞ ďƌŽǁƐĞƌ ŚŝƐƚŽƌLJ͘

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P ĂĐĐŽƵŶƚ ŝŶ Ă ƉĂƌƚŝĐƵůĂƌ ǁĞďƐŝƚĞ͕ ǁĞď
ďƌŽǁƐĞƌ ƐŽŵĞƚŝŵĞƐ ĚŝƐƉůĂLJƐ Ă ƉƌŽŵƉƚ ŵĞƐƐĂŐĞ ĂŐĞ
Ğ ƚŚĂƚ ŽĨĨĞƌƐ
ŽĨĨĞƌ ƚŽ ƌĞŵĞŵďĞƌ
ƌ ƚŚĞ ƉĂƐƐǁŽƌĚ LJŽƵ ŚĂǀĞ
ƐƐ ƚŚĞ ǁĞďƐŝƚĞ ŝŶ ĨĨƵƚƵƌĞ͕ ƚŚĞ ǁĞď ďƌŽǁƐĞƌ ďLJƉĂƐƐĞƐ ƚŚĞ
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ǀŝĞǁŝŶŐ ƉƌĞĨĞƌĞŶĐĞƐ͘ tĞďƐŝƚĞƐ ƵƐĞ ĐŽŽŬŝĞƐ ĨŽƌ Ă ǀĂƌŝĞƚLJ ŽĨ ƉƵƌƉŽƐĞƐ͘
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ƚŽ ĞŶƚĞƌ ƚŚŝƐ ŝŶĨŽƌŵĂƚŝŽŶ ĞǀĞƌLJ ƚŝŵĞ ƚŚĞLJ ƐŝŐŶ ŝŶƚŽ ƚŚĞ ǁĞďƐŝƚĞ͘
 KŶůŝŶĞ ƐŚŽƉƉŝŶŐ ƐŝƚĞƐ ŐĞŶĞƌĂůůLJ ƵƐĞ ĐŽŽŬŝĞƐ ƚŽ ŬĞĞƉ ƚƌĂĐŬ ŽĨ ŝƚĞŵƐ ŝŶ Ă ƵƐĞƌ͛Ɛ ƐŚŽƉƉŝŶŐ ĐĂƌƚ͘
 KƚŚĞƌ ǁĞďƐŝƚĞƐ ƵƐĞ ĐŽŽŬŝĞƐ ƚŽ ƚƌĂĐŬ ŚŽǁ ŽĨƚĞŶ ƵƐĞƌƐ ǀŝƐŝƚ Ă ǁĞďƐŝƚĞ͘

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ǁĂŶƚ ƉĞƌƐŽŶĂů ŝŶĨŽƌŵĂƚŝŽŶ ƚŽ ďĞ ĚŝƐƚƌŝďƵƚĞĚ͕ LJŽƵ ƐŚŽƵůĚ ůŝŵŝƚ ƚŚĞ ĂŵŽƵŶƚ ŽĨ ŝŶĨŽƌŵĂƚŝŽŶ LJŽƵ
ƉƌŽǀŝĚĞ ƚŽ Ă ǁĞďƐŝƚĞ Žƌ ĂĚũƵƐƚ ŚŽǁ LJŽƵƌ ďƌŽǁƐĞƌ ŚĂŶĚůĞƐ ĐŽŽŬŝĞƐ͘
 ůĞĂƌ Žƌ ĚŝƐĂďůĞ ĐŽŽŬŝĞƐ ŝŶ LJŽƵƌ ďƌŽǁƐĞƌ͘ DŽƐƚ ŵŽĚĞƌŶ ďƌŽǁƐĞƌƐ ĂůůŽǁ ƵƐĞƌƐ ƚŽ ĚĞĐŝĚĞ ǁŚĞƚŚĞƌ
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sƵůŶĞƌĂďŝůŝƚŝĞƐ ĂƌĞ ĨůĂǁƐ ŝŶ Ă ĐŽŵƉƵƚĞƌ ƐŽĨƚǁĂƌĞ ƚŚĂƚ ǁĞĂŬĞŶ ŽǀĞƌĂůů ƐĞĐƵƌŝƚLJ ŽĨ LJŽƵƌ ĐŽŵƉƵƚĞƌ͘
dŚĞLJ ĐĂŶ ĂůƐŽ ďĞ ĐƌĞĂƚĞĚ ďLJ ŝŵƉƌŽƉĞƌ ĐŽŵƉƵƚĞƌ Žƌ ƐĞĐƵƌŝƚLJ ĐŽŶĨŝŐƵƌĂƚŝŽŶƐ͘ LJďĞƌĐƌŝŵŝŶĂůƐ͕ ůŝŬĞ
ŚĂĐŬĞƌƐ Žƌ ĐƌĂĐŬĞƌƐ͕ ĞdžƉůŽŝƚ ƐƵĐŚ ǁĞĂŬŶĞƐƐĞƐ ĂŶĚ ĚĂŵĂŐĞ ƚŚĞ ĐŽŵƉƵƚĞƌ Žƌ ƚĂŵƉĞƌ ŝƚƐ ĚĂƚĂ͘
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 ŽŶĨŝŐƵƌĞ ƐĞĐƵƌŝƚLJ ƐĞƚƚŝŶŐƐ ĨŽƌ LJŽƵƌ ŽƉĞƌĂƚŝŶŐ ƐLJƐƚĞŵ ĂŶĚ /ŶƚĞƌŶĞƚ ďƌŽǁƐĞƌ͘
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ƚŚŝƐ ŝŶĨŽƌŵĂƚŝŽŶ ƚŽ ŚĂƌĂƐƐ LJŽƵ͘ P
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ƉĞƌƐŽŶĂů ŝŶĨŽƌŵĂƚŝŽŶ Žƌ ƉŚŽƚŽƚŽ ĂƉƉĞĂƌƐ͕ ǁŚŝĐŚ
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ĂŶ ĂĐƚŝŽŶ ƚŽ ƌĞŵŽǀĞ ŝƚ͘
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ŽĨ Ă ĨŝŶŐĞƌƉƌŝŶƚ͘ DĂŶLJ ůĂƉƚŽƉƐ͕ ƐŵĂƌƚƉŚŽŶĞƐ͕ ĂŶĚ ƐŵĂƌƚǁĂƚĐŚĞƐ ŚĂǀĞ Ă ďƵŝůƚͲŝŶ


ĨŝŶŐĞƌƉƌŝŶƚ ƌĞĂĚĞƌ͘ hƐŝŶŐ ƚŚĞŝƌ ĨŝŶŐĞƌƉƌŝŶƚ͕ ƵƐĞƌƐ ƵŶůŽĐŬ ƚŚĞ ĐŽŵƉƵƚĞƌ Žƌ ĚĞǀŝĐĞ͕ Žƌ
ƐŝŐŶ ŝŶ ƚŽ ƉƌŽŐƌĂŵƐ ŝŶƐƚĞĂĚ ŽĨ ĞŶƚĞƌŝŶŐ Ă ƵƐĞƌ ŶĂŵĞ ĂŶĚ Ă ƉĂƐƐǁŽƌĚ͘

&ĂĐĞ ZĞĐŽŐŶŝƚŝŽŶ ^LJƐƚĞŵ͗   ĨĂĐĞ ƌĞĐŽŐŶŝƚŝŽŶ ƐLJƐƚĞŵ ĐĂƉƚƵƌĞƐ Ă ůŝǀĞ ĨĂĐĞ


ŝŵĂŐĞ ĂŶĚ ĐŽŵƉĂƌĞƐ ŝƚ ǁŝƚŚ Ă ƐƚŽƌĞĚ ŝŵĂŐĞ ƚŽ ĚĞƚĞƌŵŝŶĞ ŝĨ ƚŚĞ ƉĞƌƐŽŶ ŝƐ Ă
ůĞŐŝƚŝŵĂƚĞ ƵƐĞƌ͘ ^ŽŵĞ ŵŽďŝůĞ ĚĞǀŝĐĞƐ ƵƐĞ ĨĂĐĞ ƌĞĐŽŐŶŝƚŝŽŶ ƐLJƐƚĞŵ ƚŽ
ƵŶůŽĐŬ͘

ϵϰ /ƌŝƐ ZĞĐŽŐŶŝƚŝŽŶ ^LJƐƚĞŵ͗  dŚĞ ŝƌŝƐ ƌĞĐŽŐŶŝƚŝŽŶ ƐLJƐƚĞŵ ƌĞĂĚƐ ƉĂƚƚĞƌŶ ŝŶ ƚŚĞ ŝƌŝƐ ŽĨ ƚŚĞ
ĞLJĞ ǁŚŝĐŚ ŝƐ ĂƐ ƵŶŝƋƵĞ ĂƐ Ă ĨŝŶŐĞƌƉƌŝŶƚ͘ dŚŝƐ ƐLJƐƚĞŵ ŝƐ ƋƵŝƚĞ ĞdžƉĞŶƐŝǀĞ ĂŶĚ ŝƐ ƵƐĞĚ ďLJ
ƐĞĐƵƌŝƚLJ ŽƌŐĂŶŝnjĂƚŝŽŶƐ͕ ĂŶĚ ďĂŶŬƐ ƚŚĂƚ ĚĞĂů ǁŝƚŚ ŚŝŐŚůLJ ƐĞŶƐŝƚŝǀĞ ĚĂƚĂ͘
GÛƕ¯©Ƒ žƑ ¯©ƒ—Æ—¯©r£Ƒ ¯©Æ¼¯£Ƒ
ƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑ NƼË~Æ˼‡ÀƑ r©ƒƑ S˼ƣ‡Ƒ
ţ
2%-(&7,9(6
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y /ĚĞŶƚŝĨLJ ĚŝĨĨĞƌĞŶƚ ŽƉĞƌĂƚŽƌƐ ĂŶĚ ŽƉĞƌĂƚŽƌ ƉƌĞĐĞĚĞŶĐĞ͘
y hŶĚĞƌƐƚĂŶĚ ĚŝĨĨĞƌĞŶƚ ƚLJƉĞƐ ŽĨ ƐƚĂƚĞŵĞŶƚƐ͘
y hŶĚĞƌƐƚĂŶĚ ĚŝĨĨĞƌĞŶƚ ƚLJƉĞƐ ŽĨ ĐŽŶĚŝƚŝŽŶĂů ĐŽŶƚƌŽů
ƐƚƌƵĐƚƵƌĞƐ͘
y >ĞĂƌŶ ŚŽǁ ƚŽ ƉƌŽŐƌĂŵ ŝŶ WLJƚŚŽŶ ƵƐŝŶŐ dƵƌƚůĞ͘

&RPSXWHU3URJUDP
ŽŵƉƵƚĞƌ ƐŽĨƚǁĂƌĞ ŝƐ Ă ƐĞƚ ŽĨ ĐŽŵƉƵƚĞƌ ƉƌŽŐƌĂŵƐ ǁŚŝĐŚ ĐŽŶƚĂŝŶƐ ŝŶƐƚƌƵĐƚŝŽŶƐ ƚŚĂƚ ƚĞůů ƚŚĞ
ĐŽŵƉƵƚĞƌ ŚŽǁ ƚŽ ǁŽƌŬ͘ ĞĨŽƌĞ ǁƌŝƚŝŶŐ Ă ƉƌŽŐƌĂŵ͕ ŽŶĞ ŵƵƐƚ ĨŝƌƐƚ ƉůĂŶ ƚŚĞ ƉƌŽŐƌĂŵ͘ /Ŷ ŽƚŚĞƌ
ǁŽƌĚƐ͕ ƚŽ ǁƌŝƚĞ Ă ĐŽƌƌĞĐƚ ĂŶĚ ĞĨĨĞĐƚŝǀĞ ĐŽŵƉƵƚĞƌ ƉƌŽŐƌĂŵ͕ ǁĞ ŵƵƐƚ ĨŝƌƐƚ ƉůĂŶ ŝƚƐ ůŽŐŝĐ͘ /Ĩ ǁĞ
ŚĞ ƐĂŵĞ ƚŝŵĞ͕ ǁĞ ĂƌĞ ůŝŬĞůLJ ƚŽ ďĞĐŽŵĞ ƐŽ
ĂƚƚĞŵƉƚ ƚŽ ƉůĂŶ ƚŚĞ ůŽŐŝĐ ĂŶĚ ǁƌŝƚĞ ƚŚĞ ƉƌŽŐƌĂŵ Ăƚ ƚŚĞ
ŝŶǀŽůǀĞĚ ǁŝƚŚ ƚŚĞ ƌĞƋƵŝƌĞĚ ŝŶƐƚƌƵĐƚŝŽŶ ĨŽƌŵĂƚƐ ƚŚĂƚ ƉƌŽŐƌĂŵ ůŽŐŝĐ ǁŝůů ƐƵĨĨĞƌ͘

2SHUDWRUV P
ƌƌLJ ŽƵƚ
KƉĞƌĂƚŽƌƐ ĂƌĞ ƚŚĞ ƐƉĞĐŝĂů ƐLJŵďŽůƐ ƚŚĂƚ ĐĂƌƌLJ ƚ ĂƌŝƚŚŵĞƚŝĐ
ĂƌŝƚŚŵĞƚŝĐ ĂĂŶĚ ůŽŐŝĐĂů ĐŽŵƉƵƚĂƚŝŽŶƐ͘ dŚĞ ǀĂůƵĞƐ
ƉĞƌĂŶĚƐ
ĞƌĂŶĚƐ͘͘ dŚĞƌĞ ĂƌĞ
ŽƉĞƌĂƚĞĚ ďLJ ƚŚĞ ŽƉĞƌĂƚŽƌ ĂƌĞ ĐĂůůĞĚ ŽƉĞƌĂŶĚƐ͘ ĂƌĞ ŵĂŶLJ ƚLJƉĞƐ ŽĨ ŽƉĞƌĂƚŽƌƐ ŝŶ WLJƚŚŽŶ ůŝŬĞ
PM
ŶŵĞŶƚ͕ ĞƚĐ͘
ƌŝƚŚŵĞƚŝĐ͕ ZĞůĂƚŝŽŶĂů͕ >ŽŐŝĐĂů͕ ƐƐŝŐŶŵĞŶƚ͕
ϭ͘ ƌŝƚŚŵĞƚŝĐ KƉĞƌĂƚŽƌƐ͗ ƌŝƚŚŵĞƚŝĐ
ĞƚŝĐ ŽƉĞƌĂƚŽƌƐ ĂƌĞ
ĂƌĞ Ƶ
ƵƐĞĚ ƚŽ ƉĞƌĨŽƌŵ ŵĂƚŚĞŵĂƚŝĐĂů ŽƉĞƌĂƚŝŽŶƐ͘
KƉĞƌĂƚŽƌ DĞĂŶŝŶŐ      džĂŵƉůĞ
 ΖнΖ  ŶĂƚŝŽ ŝŶ ^ƚƌŝŶŐƐ 
ĚĚŝƚŝŽŶ ĂŶĚ ŽŶĐĂƚĞŶĂƚŝŽŶ ххх ϮϬϬнϰϱ
         Ϯϰϱ
         ххх ͞'ŽŽĚ͟н͞ ͟н͞DŽƌŶŝŶŐ͟
         ͚'ŽŽĚ DŽƌŶŝŶŐ͛
 ΖͲΖ  ^ƵďƚƌĂĐƚŝŽŶ      ххх ϭϬϬͲϮϬ
         ϴϬ
 ΖΎΖ  DƵůƚŝƉůŝĐĂƚŝŽŶ ĂŶĚ ZĞƉůŝĐĂƚŝŽŶ ŝŶ ^ƚƌŝŶŐƐ ххх ϰΎϱ
WD Wh>/^,Z^ Wsd͘ >d͘

         ϮϬ
         ххх ͚ƉLJƚŚŽŶ͛ Ύϯ
         ͚ƉLJƚŚŽŶƉLJƚŚŽŶƉLJƚŚŽŶ͛
 ΖͬΖ  ŝǀŝƐŝŽŶ      ххх Ϯϴͬϰ
         ϳ͘Ϭ
 ΖͬͬΖ  &ůŽŽƌ ŝǀŝƐŝŽŶͬ/ŶƚĞŐĞƌ ŝǀŝƐŝŽŶ   ххх ϮϬͬͬϰ
         ϱ
 ΖйΖ  DŽĚƵůƵƐͬZĞŵĂŝŶĚĞƌ    ххх ϲϳйϵ
ϭϯϴ          ϰ
 ΖΎΎΖ  džƉŽŶĞŶƚŝĂƚŝŽŶ     ххх ϴΎΎϮ
         ϲϰ
Ϯ͘ ZĞůĂƚŝŽŶĂů KƉĞƌĂƚŽƌƐ Žƌ ŽŵƉĂƌŝƐŽŶ KƉĞƌĂƚŽƌƐ͗ dŚĞƐĞ ŽƉĞƌĂƚŽƌƐ ĂƌĞ ƵƐĞĚ ƚŽ ĐŽŵƉĂƌĞ ƚŚĞ
ǀĂůƵĞƐ͘ dŚĞLJ ĞŝƚŚĞƌ ƌĞƚƵƌŶ dƌƵĞ Žƌ &ĂůƐĞ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ĐŽŶĚŝƚŝŽŶ͘
KƉĞƌĂƚŽƌ DĞĂŶŝŶŐ      džĂŵƉůĞ
 ΖхΖ  'ƌĞĂƚĞƌ ƚŚĂŶ      ххх ϲхϭ
         dƌƵĞ
 ΖфΖ  >ĞƐƐ ƚŚĂŶ      ххх ϴфϵ
         dƌƵĞ  
 хсΖ  'ƌĞĂƚĞƌ ƚŚĂŶ Žƌ ĞƋƵĂů ƚŽ    ххх ϱхсϵ
         &ĂůƐĞ
 ΖфсΖ  >ĞƐƐ ƚŚĂŶ Žƌ ĞƋƵĂů ƚŽ    ххх ϭфсϮ
         dƌƵĞ
 ΖссΖ ƋƵĂů ƚŽ      ххх ϲссϳ
         &ĂůƐĞ
 Ζ͊сΖ EŽƚ ĞƋƵĂů ƚŽ      ххх ϳ͊сϰ
         dƌƵĞ

ϯ͘ >ŽŐŝĐĂů KƉĞƌĂƚŽƌƐ͗ dŚĞƐĞ ŽƉĞƌĂƚŽƌƐ ƉĞƌĨŽƌŵ >ŽŐŝĐĂů


ŐŝĐĂů 
E
E͕ >ŽŐŝĐĂů KZ ĂŶĚ >ŽŐŝĐĂů EKd
ŽƉĞƌĂƚŝŽŶƐ͘
KƉĞƌĂƚŽƌ
 ĂŶĚ 
DĞĂŶŝŶŐ
P   
/Ĩ ďŽƚŚ ƚŚĞ ŽƉĞƌĂŶĚƐ ĂƌĞ ƚƌƵĞ


džĂŵƉůĞ
dž
ххх džсdƌƵĞ  ххх džсdƌƵĞ
PM
  ƚŚĞŶ ĐŽŶĚŝƚŝŽŶ ďĞĐŽŵĞƐ ƚƌƵĞ͘  хххх LJсdƌƵĞ  ххх LJс&ĂůƐĞ
        ххх dž ĂŶĚ LJ  хххdž ĂŶĚ LJ
        dƌƵĞ   &ĂůƐĞ
 Žƌ  Ɛ ŝƐ ƚƌƵĞ
/Ĩ ĂŶLJ ŽĨ ƚŚĞ ŽƉĞƌĂŶĚƐ ƚ ƚŚĞŶ ххх džсdƌƵĞ  ххх džс&ĂůƐĞ
  ĐŽŶĚŝƚŝŽŶ ďĞĐŽŵĞƐ ƚƌƵĞ͘   ххх LJс&ĂůƐĞ  ххх LJс&ĂůƐĞ
        ххх dž Žƌ LJ  ххх dž Žƌ LJ
        dƌƵĞ   &ĂůƐĞ
 ŶŽƚ  /Ĩ ŽƉĞƌĂŶĚ ŝƐ ĨĂůƐĞ ƚŚĞŶ ĐŽŶĚŝƚŝŽŶ ххх Ăс&ĂůƐĞ  ххх ĂсdƌƵĞ
  ďĞĐŽŵĞƐ ƚƌƵĞ͘    ххх ŶŽƚ Ă  ххх ŶŽƚ Ă
        dƌƵĞ   &ĂůƐĞ /dW>EdͲϳ;KKdͿ

ϰ͘ ƐƐŝŐŶŵĞŶƚ KƉĞƌĂƚŽƌƐ͗ dŚĞƐĞ ŽƉĞƌĂƚŽƌƐ ĂƌĞ ƵƐĞĚ ƚŽ ĂƐƐŝŐŶ ǀĂůƵĞ ƚŽ ƚŚĞ ǀĂƌŝĂďůĞƐ͘
KƉĞƌĂƚŽƌ DĞĂŶŝŶŐ    džĂŵƉůĞ
 ΖсΖ  ƐƐŝŐŶ ƚŚĞ ǀĂůƵĞ ĨƌŽŵ ƌŝŐŚƚ ххх džсϯϬ  ηƐƐŝŐŶ ƚŚĞ ǀĂůƵĞ ϯϬ ƚŽ dž
  ƐŝĚĞ ƚŽ ǀĂƌŝĂďůĞ   ххх ƉƌŝŶƚ ;džͿ  ηƉƌŝŶƚ ƚŚĞ ǀĂůƵĞ ŽĨ dž
       ϯϬ
ϭϯϵ
 ΖнсΖ  ĚĚ ĂŶĚ ĂƐƐŝŐŶ ƚŚĞ ǀĂůƵĞ    ххх ĂсϭϮ
  ƚŽ ƚŚĞ ǀĂƌŝĂďůĞ     ххх ĂнсϮ η ĂсĂнϮ
         ххх ƉƌŝŶƚ ;ĂͿ
         ϭϰ
 ΖͲсΖ  ^ƵďƚƌĂĐƚ ĂŶĚ ĂƐƐŝŐŶ ƚŚĞ ǀĂůƵĞ   ххх ĂсϭϮ
  ƚŽ ƚŚĞ ǀĂƌŝĂďůĞ     ххх ĂͲсϮ η ĂсĂͲϮ
         ххх ƉƌŝŶƚ ;ĂͿ
         ϭϬ
 ΖΎсΖ  DƵůƚŝƉůLJ ĂŶĚ ĂƐƐŝŐŶ ƚŚĞ    ххх ĂсϭϮ
  ǀĂůƵĞ ƚŽ ƚŚĞ ǀĂƌŝĂďůĞ    ххх ĂΎсϮ η ĂсĂΎϮ
         ххх ƉƌŝŶƚ ;ĂͿ
         Ϯϰ
 ΖͬсΖ  ŝǀŝĚĞ ĂŶĚ ĂƐƐŝŐŶ ƚŚĞ ǀĂůƵĞ   ххх ĂсϭϮ
  ƚŽ ƚŚĞ ǀĂƌŝĂďůĞ     ххх ĂͬсϮ η ĂсĂͬϮ
         ххх ƉƌŝŶƚ ;ĂͿ
         ϲ͘Ϭ

23(5$725 35(&('(1&( P
KƉĞƌĂƚŽƌ ƉƌĞĐĞĚĞŶĐĞ ĚĞƚĞƌŵŝŶĞƐ ƚŚĞ ŽƌĚĞƌ ƌ ŝŶ ǁŚŝĐŚ ĞĞdžƉƌĞƐƐ
ĞdžƉƌĞƐƐŝŽŶƐ ĂƌĞ ĞǀĂůƵĂƚĞĚ͕ ƐŽ LJŽƵ ĐĂŶ
ĂŶ ĂůƐŽ
ƉƌĞĚŝĐƚ ƚŚĞ ŽƵƚĐŽŵĞ ŽĨ ĂŶ ĞdžƉƌĞƐƐŝŽŶ͘ /ƚ ĐĂŶ Ž ĚĞƚĞƌŵŝŶĞ
ĚĞƚĞƌŵŝŶĞ ƚƚŚĞ ŽǀĞƌĂůů ǀĂůƵĞ ŽĨ ƚŚĞ ĞdžƉƌĞƐƐŝŽŶ͘
PM
džĂŵƉůĞ͗
Ő ŽƉĞƌĂƚŽƌ ƉƌĞĐĞĚĞŶ
^ŽůǀĞ ƚŚĞ ĨŽůůŽǁŝŶŐ ĞdžƉƌĞƐƐŝŽŶ ƵƐŝŶŐ ƉƌĞĐĞĚĞŶĐĞ͘
ϯ н ϱ Ύ ϴ ͬ Ϯ Ͳ Ϯ K
KƉĞƌĂƚŽƌ  EĂŵĞ     WƌŝŽƌŝƚLJ
ϰ ;Ϳ   ƉĂƌĞŶƚŚĞƐĞƐ   ϭƐƚ
ϮϬ Ύͬй   ŵƵůƚŝƉůŝĐĂƚŝŽŶ͕ĚŝǀŝƐŝŽŶ͕ ϮŶĚ
   ŵŽĚƵůƵƐ   
Ϯϯ
нͲ   ĂĚĚŝƚŝŽŶ͕ƐƵďƚƌĂĐƚŝŽŶ ϯƌĚ
Ϯϭ
с   ĂƐƐŝŐŶŵĞŶƚ   ϰƚŚ

dŚĞ ŽƵƚƉƵƚ ŽĨ ƚŚĞ ĂďŽǀĞ ĞdžƉƌĞƐƐŝŽŶ ŝƐ Ϯϭ͘


WD Wh>/^,Z^ Wsd͘ >d͘

6WDWHPHQWV
^ƚĂƚĞŵĞŶƚ ŝƐ ƚŚĞ ĞdžĞĐƵƚĂďůĞ ƉĂƌƚ ŽĨ ĂŶLJ ƉƌŽŐƌĂŵ͘ /ƚ ŝƐ ĂŶ ŝŶƐƚƌƵĐƚŝŽŶ ƚŚĂƚ ƚŚĞ WLJƚŚŽŶ ŝŶƚĞƌƉƌĞƚĞƌ
ĞdžĞĐƵƚĞƐ ĂŶĚ ƉƌŽĚƵĐĞƐ ŽƵƚƉƵƚ͘ dŚĞƌĞ ĂƌĞ ƚŚƌĞĞ ŵĂŝŶ ƚLJƉĞƐ ŽĨ ƐƚĂƚĞŵĞŶƚƐ͘
6,03/( 67$7(0(17
 ƐŝŵƉůĞ ƐƚĂƚĞŵĞŶƚ ůŝĞƐ ĞŶƚŝƌĞůLJ ǁŝƚŚŝŶ Ă ůŽŐŝĐĂů ůŝŶĞ͘ zŽƵ ĚŽ ŶŽƚ ŶĞĞĚ ƚŽ ƉůĂĐĞ ŵŽƌĞ ƚŚĂŶ ŽŶĞ
ƐƚĂƚĞŵĞŶƚ ŽŶ Ă ƐŝŶŐůĞ ůŽŐŝĐĂů ůŝŶĞ ǁŝƚŚ Ă ƐĞŵŝĐŽůŽŶ ;͖Ϳ ĂƐ ƚŚĞ ƐĞƉĂƌĂƚŽƌ͘ WLJƚŚŽŶ ƌĞĐŽŵŵĞŶĚƐ ŽŶĞ
ϭϰϬ ƐƚĂƚĞŵĞŶƚ ƉĞƌ ůŝŶĞ ƚŽ ŵĂŬĞ ƉƌŽŐƌĂŵƐ ŵŽƌĞ ƌĞĂĚĂďůĞ͘
džĂŵƉůĞ͗ ххх ŶĂŵĞс ͞DŽŚĂŶ͟
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ůŝďƌĂƌLJ ŚĞůƉƐ ƐƚƵĚĞŶƚƐ ƵŶĚĞƌƐƚĂŶĚ ƚŚĞ ǁŽƌůĚ ŽĨ ƉƌŽŐƌĂŵŵŝŶŐ ŝŶ ĨƵŶ ĂŶĚ ŝŶƚĞƌĂĐƚŝǀĞ ǁĂLJ͘ >Ğƚ ƵƐ
ƵŶĚĞƌƐƚĂŶĚ ĂďŽƵƚƐ dƵƌƚůĞ >ŝďƌĂƌLJ͘

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LJŽƵ ĐĂŶŶŽƚ ĂĐĐĞƐƐ ŝƚƐ ĨƵŶĐƚŝŽŶ ĂŶĚ ĐŽŵŵĂŶĚƐ͘ ^Ž Ăƚ ĨŝƌƐƚ LJŽƵ ŶĞĞĚ ƚŽ ŝŵƉŽƌƚ dƵƌƚůĞ >ŝďƌĂƌLJ͘
EŽƚĞ͗ dŚĞ dƵƌƚůĞ ŝƐ ďƵŝůƚ ŝŶ >ŝďƌĂƌLJ ŝŶ WLJƚŚŽŶ ϯ͘ zŽƵ ŽŶůLJ ŶĞĞĚ ƚŽ ŝŵƉŽƌƚ ŝƚ ǁŝƚŚ WLJƚŚŽŶ />͘
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ƐĐƌĞĞŶ͕ LJŽƵ ŶĞĞĚ ƚŽ ĐƌĞĂƚĞ Ă ƚƵƌƚůĞ͛Ɛ ŽďũĞĐƚ ďLJ ĂƐƐŝŐŶŝŶŐ dƵƌƚůĞ ĨƵŶĐƚŝŽŶ ƚŽ Ă ǀĂƌŝĂďůĞ͘
ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
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Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

WLJƚŚŽŶ dƵƌƚůĞ
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352*5$00,1* :,7+ 7857/( /dW>EdͲϳ;KKdͿ

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ƚŽ ƵŶĚĞƌƐƚĂŶĚ ŝƚƐ ĂƐƐŽĐŝĂƚĞĚ ŵŽƚŝŽŶ ĨƵŶĐƚŝŽŶƐ͘
dƵƌƚůĞ ĐĂŶ ŵŽǀĞ ŝŶ ĨŽƵƌ ĚŝƌĞĐƚŝŽŶƐ͗
ϭ͘ ĨŽƌǁĂƌĚ  Ϯ͘ ďĂĐŬǁĂƌĚ   ϯ͘ ůĞĨƚ   ϰ͘ ƌŝŐŚƚ
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IRUZDUG   ϭϰϳ
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ŝƐƚĂŶĐĞ ǀĂůƵĞ ĐĂŶ ďĞ ŝŶƚĞŐĞƌ Žƌ ĨůŽĂƚ͘
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ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

dŚĞ ƚƵƌƚůĞ ŚĞĂĚ ŵŽǀĞƐ ĚLJŶĂŵŝĐĂůůLJ ƚŽ ƚŚĞ


ĨŽƌǁĂƌĚ ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ĚŝƐƚĂŶĐĞ ŽĨ ϮϬϬ͘

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EDFNZDUG  
ĂĐŬǁĂƌĚ ĨƵŶĐƚŝŽŶ Žƌ ďĂĐŬ;Ϳ Žƌ ďŬ;Ϳ ŝƐ
Ɛ ƵƐĞĚ
ƵƐĞ ƚŽ
ƚ ŵŽǀĞ ƚŚĞ ƚƵƌƚůĞ ŝŶ ďĂĐŬǁĂƌĚ Žƌ ŽƉƉŽƐŝƚĞ ĚŝƌĞĐƚŝŽŶ
ǁŝƚŚ ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ͘
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ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

dŚĞ ƚƵƌƚůĞ ŚĞĂĚ ŵŽǀĞƐ ĚLJŶĂŵŝĐĂůůLJ ƚŽ ƚŚĞ ďĂĐŬǁĂƌĚ


ϭϰϴ Žƌ ŽƉƉŽƐŝƚĞ ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ ĚŝƐƚĂŶĐĞ ŽĨ ϮϬϬ͘
OHIW  
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ŶŐůĞ ǀĂůƵĞ ŵĂLJ ďĞ ŝŶƚĞŐĞƌ Žƌ ĨůŽĂƚ͘
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ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

dŚĞ ƚƵƌƚůĞ ŚĞĂĚ ĨŝƌƐƚ ŵŽǀĞƐ ƚŽ ƚŚĞ ůĞĨƚ ĚŝƌĞĐƚŝŽŶ


Ăƚ ϵϬ ĚĞŐƌĞĞ ĂŶŐůĞ ĂŶĚ ƚŚĞŶ ŵŽǀĞƐ ŝŶ ĨŽƌǁĂƌĚ
ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ ǀĂůƵĞ ŽĨ ϭϬϬ͘

ULJKW  
ZŝŐŚƚ ĨƵŶĐƚŝŽŶ Žƌ ƌƚ;Ϳ ŝƐ ƵƐĞĚ ƚŽ ŵŽǀĞ ƚŚĞ ƚƵƌƚůĞ
ƌƚůĞ ŚĞĂĚ ƚŽ
ƚŽ ƚŚĞ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ŐŝǀĞŶ ĂŶŐůĞ
ǀĂůƵĞ͘ ŶŐůĞ ǀĂůƵĞ ŵĂLJ ďĞ ŝŶƚĞŐĞƌ Žƌ ĨůŽĂƚ͘
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ŽŶ ǁŝƚŚ
ŽŶ ǁ ĐŽĚĞ͗
ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

dŚĞ ƚƵƌƚůĞ ŚĞĂĚ ĨŝƌƐƚ ŵŽǀĞƐ ƚŽ ƚŚĞ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ


Ăƚ ϰϱ ĚĞŐƌĞĞ ĂŶŐůĞ ĂŶĚ ƚŚĞŶ ŵŽǀĞƐ ŝŶ ĨŽƌǁĂƌĚ /dW>EdͲϳ;KKdͿ
ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ ǀĂůƵĞ ŽĨ ϭϬϬ͘

'5$:,1* /,1(6 :,7+ 7:2 ',5(&7,216


dŝůů ŶŽǁ͕ ǁĞ ŚĂǀĞ ůĞĂƌŶƚ ƚŚĞ ĚŝƌĞĐƚŝŽŶ ĂŶĚ ĂŶŐůĞ ŽĨ ƚŚĞ ƚƵƌƚůĞ͘ EŽǁ͕ ůĞƚ ƵƐ ĐƌĞĂƚĞ ƚǁŽ ůŝŶĞƐ
ĂůŽŶŐ ƚŚĞ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ͘

ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘


Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘ ϭϰϵ
&ŝƌƐƚůLJ͕ dƵƌƚůĞ ŵŽǀĞƐ ŝŶ ĨŽƌǁĂƌĚ ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ
ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ͕ ƚŚĞŶ ƚƵƌƚůĞ ŚĞĂĚ ŵŽǀĞƐ ƚŽ ƚŚĞ ƌŝŐŚƚ
ĚŝƌĞĐƚŝŽŶ Ăƚ ϵϬ ĚĞŐƌĞĞ ĂŶŐůĞ͘ &ŝŶĂůůLJ͕ ƚƵƌƚůĞ ŵŽǀĞƐ ŝŶ
ĨŽƌǁĂƌĚ ĚŝƌĞĐƚŝŽŶ ǁŝƚŚ ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ ǀĂůƵĞ ŽĨ ϭϬϬ͘

hƐŝŶŐ ƚŚĞ ĂďŽǀĞ ĐŽĚŝŶŐ ŵĞƚŚŽĚ͕ LJŽƵ ĐĂŶ ĚƌĂǁ ŵĂŶLJ ƐŚĂƉĞƐ ĂƐ ƉĞƌ ƚŚĞ ŐŝǀĞŶ ĚŝƐƚĂŶĐĞ ĂŶĚ ĂŶŐůĞ ǀĂůƵĞ͘

'5$: $ 648$5(
LJ ƌĞƉĞĂƚŝŶŐ ƚŚĞ ĐŽĚĞ͕ LJŽƵ ĐĂŶ ĚƌĂǁ Ă ƐƋƵĂƌĞ͕ ƌĞĐƚĂŶŐůĞ͕ ƚƌŝĂŶŐůĞ͕ ƐƚĂƌ͕ ƉŽůLJŐŽŶ͕ ĞƚĐ͘
ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘
ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘
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ĐŽĚĞ͘

dƵƌƚůĞ
Ğ ĨŝƌƐƚ ŵŽǀĞƐ ŝŶ ĨŽƌǁĂƌĚ ĚŝƌĞĐƚŝŽŶ ƚŚĞŶ ƚƵƌƚůĞ
ĂĚ ŵŽǀĞƐ ƚŽ
ŚĞĂĚ ƚŽ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ͘ dŚŝƐ ƉƌŽĐĞƐƐ ŶĞĞĚƐ ƚŽ
P ďĞ
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ŶƐ ĨŽƌ ĐƌĞĂƚŝŶŐ ĐƵƌǀ
ĐƵƌǀŝŶŐ ƐŚĂƉĞƐ ůŝŬĞ ĐŝƌĐůĞƐ Žƌ ĚŽƚƐ͘ >Ğƚ ƵƐ ŚĂǀĞ Ă
ůŽŽŬ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ŝƚ͘

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dŚŝƐ ƚƵƌƚůĞ ĨƵŶĐƚŝŽŶ ŝƐ ƵƐĞĚ ƚŽ ĐƌĞĂƚĞ Ă ĐŝƌĐůĞ
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ϭ͘ dLJƉĞ ƚŚĞ ĐŽĚĞ͘
WD Wh>/^,Z^ Wsd͘ >d͘

Ϯ͘ ^ĂǀĞ ƚŚĞ ĨŝůĞ ǁŝƚŚ ͘ƉLJ ĞdžƚĞŶƐŝŽŶ͘


ϯ͘ ZƵŶ ƚŚĞ ŵŽĚƵůĞ ;Žƌ ƉƌĞƐƐ &ϱͿ͘

dŚĞ ƚƵƌƚůĞ ĚƌĂǁƐ ƚŚĞ ĐŝƌĐůĞ ǁŝƚŚ ƌĂĚŝƵƐ ϱϬ͘

ϭϱϬ
35$&7,&(352*5$06
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KƵƚƉƵƚ ŝŶ /ŶƚĞƌĂĐƚŝǀĞ DŽĚĞ

WƌŽŐƌĂŵϮ͗WƌŽŐƌĂŵƚŽĐŚĞĐŬǁŚĞƚŚĞƌƚŚĞƐŚĂƉĞŝƐĂƐƋƵĂƌĞŽƌĂƌĞĐƚĂŶŐůĞďĂƐĞĚŽŶĚŝŵĞŶƐŝŽŶ͘

KƵƚƉƵƚ ŝŶ /ŶƚĞƌĂĐƚŝǀĞ DŽĚĞ

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WƌŽŐƌĂŵ ϯ͗ WƌŽŐƌĂŵ ƚŽ ĐŚĞĐŬ ǁŚĞƚŚĞƌ
Ğƌ ƚŚĞ ŵĂƌŬĞƚ Žƌ ƐĐŚ
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KƵƚƉƵƚ ŝŶ /ŶƚĞƌĂĐƚŝǀĞ DŽĚĞ

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