Használati utasítás SONY ERICSSON R520M

[. . . ] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% 5 7HOHIRQN|Q\Y $ WHOHIRQ HOvNpV]tWpVH gVV]HV]HUHOpV 6, 0NiUW\D $NNXPXOiWRU $ FVLSHV] 7DUWDORP MHJ\]pN %HW~N EHtUiVD %HYLWHOL Q\HOY 6]|YHJEHYLWHO W|EEV]|UL ELOOHQW\~OHQ\RPiVVDO 7 V]|YHJEHYLWHO +tYiVRN NH]GHPpQ\H]pVH $ WHOHIRQ EHNDSFVROiVD +tYiV NH]GHPpQ\H]pVH +tYiV IRJDGiVD $ WHOHIRQ NLNDSFVROiVD %HMHJ\]pVHN WiUROiVD %HMHJ\]pV KtYiVD $ WHOHIRQN|Q\Y V]HUNHV]WpVH 0iVROiV D 6, 0NiUW\iUD LOOHWYH D 6, 0NiUW\iUyO 1pYMHJ\NiUW\iN &VRSRUWRN . yGNOGpV V]ROJiOWDWiV $ PHPyULD HOOHQvU]pVH 6]|YHJHV ]HQHWHN +tYiV N|]EHQ +DQJV]yUy KDQJHUv 0LNURIRQ +DQJV]yUy -HJ\]HWI]HW 7RQH '70) WtSXV~ KDQJMHO]pVHN NOGpVH 7LWNRVtWiV h]HQHWNOGpV HOvWW h]HQHWNOGpV OODSRWMHOHQWpV h]HQHWHN IRJDGiVD 2SFLyOLVWD . |U]HWL LQIRUPiFLyN %OXHWRRWK YH]HWpN QpONOL WHFKQROyJLD %LOOHQW\~IXQNFLyN 0HQN +DV]QiODW HOvWW 0~N|GpVL PyGRN (V]N|]|N NHUHVpVH . OGpV pV IRJDGiV 0R]JiV D PHQUHQGV]HUEHQ 8WDVtWiVRN . LMHO]vV]|YHJ 6~JyV]|YHJHN 0HQN Q\HOYH 6DMiW PHQ , QIUDY|U|V SRUW $] , 5SRUW EHNDSFVROiVD $] , 5HV]N|]|N FVDWODNR]WDWiVD 1DSWiU $ WHOHIRQ WHVWUHV]DEiVD +DQJRN . pSHN . LMHO]v , Gv pV GiWXP $ J\iUL EHiOOtWiVRN YLVV]DiOOtWiVD (VHPpQ\HN pV IHODGDWRN $ 1DSWiU PHJWHNLQWpVH 6]HUNHV]WpV pV W|UOpV 2SFLyOLVWD 1DSWiUEHiOOtWiVRN 1DSWiUEHMHJ\]pVHN FVHUpMH 6]LQNURQL]iOiV $ V]LQNURQL]iFLy LQGtWiVD , QWHUQHWHV QDSWiU V]LQNURQL]iOiVD (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $] DGDWILyN EHiOOtWiVDL $ :$3SURILO EHiOOtWiVDL $] HPDLO ILyN EHiOOtWiVDL $ :$3 pV D] (PDLO V]ROJiOWDWiV EHiOOtWiVD $ IHOYpWHO PLQvVpJH %HiOOtWiVRN +DQJSRVWD :$3 $ :$3E|QJpV]v LQGtWiVD . LOpSpV D :$3E|QJpV]vEvO %|QJpV]pV N|]EHQ KDV]QiOKDWy RSFLyN 7RYiEEL :$3RSFLyN %L]WRQViJ :$3 3XVK]HQHWHN $ KDQJSRVWD IHOKtYiVD h]HQHWMHO]pV +tYiViWLUiQ\tWiV $ KtYiViWLUiQ\tWiV HQJHGpO\H]pVH $ KtYiViWLUiQ\tWiV NLNDSFVROiVD $] iWLUiQ\tWiVL iOODSRW HOOHQvU]pVH (PDLO . OGpV pV IRJDGiV UiV pV NOGpV . pSHN NOGpVH PHOOpNOHWNpQW )RJDGiV pV ROYDViV 9iODV] 7|UOpV $UFKLYiOiV (J\V]HUUH W|EE KtYiV NH]HOpVH +tYiVYiUDNR]WDWiV 0iVRGLN KtYiV NH]GHPpQ\H]pVH 0iVRGLN KtYiV IRJDGiVD . pW KtYiV NH]HOpVH +DUPDGLN KtYiV IRJDGiVD . RQIHUHQFLDKtYiVRN +tYiVLGv pV KtYiVGtM $GDWKtYiVRN $GDWKtYiVRN NH]GHPpQ\H]pVH $GDWKtYiVRN IRJDGiVD (PDLO NOGpVH pV IRJDGiVD D 3&UvO +tYiVLGv pV KtYiVGtM HOOHQvU]pVH $ KtYiVGtM EHiOOtWiVD $ KtYiVRN KLWHONHUHWH 3HUFILJ\HOPH]WHWpV +iOy]DWRN 3URILORN 3URILO NLYiODV]WiVD $ SURILOEHiOOtWiVRN PyGRVtWiVD 7DUWR]pNRN +iOy]DWNHUHVpV 3UHIHUiOW KiOy]DWRN . HUHVpVL PyGRN %L]WRQViJ +DQJYH]pUOpV $ KDQJWiUFVi]iV HOvWW +DQJWiUFVi]iV +tYiVIRJDGiV KDQJJDO 3URILORN PyGRVtWiVD +DQJMHJ\]HWHN IHOYpWHOH $ YDUi]VV]y $ KDQJSDUDQFVRN V]HUNHV]WpVH $ 6, 0NiUW\DOH]iUiVD $ WHOHIRQ OH]iUiVD %LOOHQW\~]HW OH]iUiVD +tYiVRN NRUOiWR]iVD )L[ KtYiV =iUW HOvIL]HWvL FVRSRUWRN +tYiVV]~UpV . yGPHPyULD +DQJMHJ\]HW +DQJMHJ\]HWHN IHOYpWHOH $ KDQJMHJ\]HWHN OHMiWV]iVD +DQJMHJ\]HWHN V]HUNHV]WpVH (OOHQvU]v V]y pV D EL]WRQViJ $ NyGPHPyULD KDV]QiODWD $ NyGRN W|UOpVH pV V]HUNHV]WpVH $ MHOV]y PyGRVtWiVD (OIHOHMWHWWH D MHOV]yW" . pW EHV]pGYRQDO (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% +LEDMDYtWiV +tYyNiUW\iV KtYiVRN $ KtYyNiUW\D V]ROJiOWDWiV $ KtYyNiUW\DV]iPRN HOPHQWpVH $ NiUW\D NLYiODV]WiVD +tYyNiUW\iV KtYiV NH]GHPpQ\H]pVH $ QpY PyGRVtWiVD 9RQDOYiOWiV $] HJ\LN YRQDO OH]iUiVD (ULFVVRQ 0RELOH , QWHUQHW +LED]HQHWHN (J\pE KLEiN 0~V]DNL DGDWRN WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] . RUOiWR]RWW MyWiOOiV -iWpNRN 7HQQLV (UL[ 6HJpGHV]N|]|N eEUHV]WvyUD 6WRSSHU , GvPpUv 6]iPROyJpS 6]DEiO\R]iVUD YRQDWNR]y LQIRUPiFLyN , NRQRN *\RUVELOOHQW\~N , QGH[ 2QOLQH V]ROJiOWDWiVRN (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% (ULFVVRQ 5 +DUPDGLN NLDGiV iSULOLV (]W D NH]HOpVL ~WPXWDWyW D] (ULFVVRQ 0RELOH &RPPXQLFDWLRQV $% DGWD NL EiUPLIpOH JDUDQFLD YiOODOiVD QpONO $ WLSRJUiILDL KLEiN D] DNWXiOLV LQIRUPiFLyN SRQWDWODQViJD LOOHWYH D SURJUDPRN pVYDJ\ D EHUHQGH]pVHN IHMOHV]WpVH PLDWWL MDYtWiVRNDW pV PyGRVtWiVRNDW D] (ULFVVRQ 0RELOH &RPPXQLFDWLQRV $% EiUPLNRU HOv]HWHV ILJ\HOPH]WHWpV QpONO YpJUHKDMWKDW (]HN D PyGRVtWiVRN D MHOHQ NH]HOpVL ~WPXWDWy NpVvEEL NLDGiVDLED NHUOQHN EH 0LQGHQ MRJ IHQQWDUWYD (ULFVVRQ 0RELOH &RPPXQLFDWLRQV $% 3XEOLNiFLyV V]iP +8/=7 5$ , 1129$7521 3$7(176 0HJMHJ\]pV (ONpS]HOKHWv KRJ\ D MHOHQ NH]HOpVL ~WPXWDWyEDQ LVPHUWHWHWW QpKiQ\ IXQNFLyW QHP PLQGHQ KiOy]DW WiPRJDWMD (]HNHW D V]ROJiOWDWiVRNDW D EDO ROGDOL PDUJyQ NO|Q LNRQ MHO]L (] D *60 1HP]HWN|]L 9pV]KtYy V]iPRNUD LV YRQDWNR]LN . pUMN IRUGXOMRQ D KiOy]DW ]HPHOWHWvMpKH] LOOHWYH D V]ROJiOWDWyKR] KD QHP EL]WRV EHQQH KRJ\ D] DGRWW V]ROJiOWDWiVW KDV]QiOKDWMDH . pUMN ROYDVVD HO D %L]WRQViJRV pV KDWpNRQ\ KDV]QiODW YDODPLQW D NRUOiWR]RWW -yWiOOiV FtP~ IHMH]HWHW D PRELOWHOHIRQ KDV]QiODWED YpWHOH HOvWW $ %/8(7227+ YpGMHJ\ WXODMGRQRVD D %OXHWRRWK 6, * , QF 86$ pV D] (ULFVVRQ D YpGMHJ\HW OLFHQF NHUHWpEHQ KDV]QiOMD $ 7 D 7HJLF &RPPXQLFDWLRQV EHMHJ\]HWW YpGMHJ\H $ 7 YpGMHJ\HW D N|YHWNH]v V]DEDGDOPDN YpGLN 86 3DW 1RV pV &DQDGLDQ 3DW 1R 8QLWHG . LQJGRP 3DW 1R % +RQJ . RQJ 6WDQGDUG 3DW 1R +. [. . . ] Wt]V]HU HJ\PiV XWiQ KLEiVDQ tUWD EH )RUGXOMRQ D V]ROJiOWDWyKR] 7HOHIRQ ]iUYD $ WHOHIRQ OH YDQ ]iUYD $ IHOROGiVKR] OiVG D $ WHOHIRQ OH]iUiVD FtPX UpV]W D ROGDORQ 7HOHIRQ]iU NyGMD $ WHOHIRQ]iU NyGMD DODSpUWHOPH]pV V]HULQW (]W D NyGRW EiUPLO\HQ PiV V]iPMHJ\~ NyGUD iWtUKDWMD /iVG D $ WHOHIRQ OH]iUiVD FtPX UpV]W D ROGDORQ 7LOWRWW V]iP $ )L[ KtYiV IXQNFLy EH YDQ NDSFVROYD pV D KtYRWW V]iP QLQFV D IL[ V]iPRN OLVWiMiQ /iVG D )L[ KtYiV FtPX UpV]W D ROGDORQ 7|OWpV LGHJHQ DNNX $ W|OWpVKH] KDV]QiOW DNNXPXOiWRU QHP (ULFVVRQ iOWDO HQJHGpO\H]HWW DNNXPXOiWRU tJ\ D W|OWpV EL]WRQViJL RNRNEyO ODVVDEEDQ W|UWpQLN (J\pE KLEiN 3, 13, 1 OH]iUYD $ 3, 1 LOOHWYH 3, 1NyGRW KiURPV]RU HJ\PiV XWiQ KLEiVDQ tUWD EH $ IHOROGiVKR] OiVG D $ 6, 0NiUW\DOH]iUiVD FtPX UpV]W D ROGDORQ 1LQFV W|OWpVMHO]pV +D WHOMHVHQ OHPHUOW YDJ\ UpJyWD QHP KDV]QiOW DNNXPXOiWRUW W|OW DNNRU HOvIRUGXOKDW KRJ\ FVDN SHUF P~OYD NH]G HO SLURVDQ YLOiJtWDQL D WHOHIRQ WHWHMpQ OpYv MHO]vOiPSD LOOHWYH NpVYH MHOHQLN PHJ D] DNNXPXOiWRUMHO]v %L]RQ\RV IXQNFLyN QHP KDV]QiOKDWyN $ IXQNFLy YDJ\ V]ROJiOWDWiV LJpQ\EH YpWHOpQHN OHKHWvVpJH D 6, 0 NiUW\iWyO pV D KiOy]DWWyO LV IJJKHW $ SUREOpPD PHJROGiVipUW IRUGXOMRQ D V]ROJiOWDWyKR] 1HP WXGRN KtYiVRNDW IRJDGQL (ONpS]HOKHWv KRJ\ D EHM|Yv KtYiVRNDW HJ\ PiVLN WHOHIRQV]iPUD LUiQ\tWRWWD iW $ +tYiViWLUiQ\tWiV V]ROJiOWDWiV NLNDSFVROiViKR] OiVG D $ KtYiViWLUiQ\tWiV NLNDSFVROiVD FtPX UpV]W D ROGDORQ $] LV HOvIRUGXOKDW KRJ\ D +tYiVV]UpV RSFLyQiO D 6HQNLWwO VHP YDJ\ D 6]UwOLVWiUyO EHiOOtWiVW DGWD PHJ 9iODVV]D D] gVV]HV KtYy EHiOOtWiVW /iVG D $ KtYiVV]~UpVL RSFLyN EHiOOtWiVD FtPX UpV]W D ROGDORQ (OvIRUGXOKDW KRJ\ D )D[ YDJ\ D] $GDW WtSXVW YiODV]WRWWD NL D N|YHWNH]v EHM|Yv KtYiV WtSXViQDN 9iODVV]D D %HV]pG RSFLyW /iVG +LEDMDYtWiV (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% 1HP WXGRN J\RUVWiUFVi]iVW YpJH]QL $ EHMHJ\]pVHN QLQFVHQHN HOPHQWYH D 6, 0NiUW\iUD $ EHMHJ\]pVHN 6, 0NiUW\iUD W|UWpQv PiVROiViKR] OiVG D %HMHJ\]pVHN PiVROiVD D 6, 0NiUW\iUD FtPX UpV]W D ROGDORQ 1HP WXGRP HOpUQL D VDMiW EHMHJ\]pVHNHW $ EHMHJ\]pVHN QLQFVHQHN HOPHQWYH D WHOHIRQEDQ $ EHMHJ\]pVHN WHOHIRQED W|UWpQv PiVROiViKR] OiVG D %HMHJ\]pVHN PiVROiVD D WHOHIRQED FtPX UpV]W D ROGDORQ +LEDMDYtWiV D %HV]pG LOOHWYH DGDWKtYiV IRJDGiVD FtPX UpV]W D ROGDORQ (ONpS]HOKHWv KRJ\ D 3UHI V]ROJiOWDW RSFLyQiO D . L EHiOOtWiVW DGWD PHJ HJ\ DGDWILyN V]iPiUD 9iODVV]D D %H RSFLyW HKHO\HWW /iVG D $GDWILyN OpWUHKR]iVD FtPX UpV]W D ROGDORQ +D H]XWiQ VHP NpSHV IRJDGQL D EHM|Yv KtYiVRNDW DNNRU DQQDN YDOyV]tQ~OHJ KiOy]DWL KLED D] RND (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% OWDOiQRV LQIRUPiFLyN 7HUPpN QHYH 5HQGV]HU 6, 0NiUW\D 5P *60 *60*60 . LVPpUHW~ EHGXJKDWy NiUW\D 9RV LOOHWYH 9RV WtSXV %9 0D[LPXP yUD 7tSXVV]iP %HV]pOJHWpVL LGv XOWUD YpNRQ\ DNNXPXOiWRUUDO . pV]HQOpWL LGv XOWUD YpNRQ\ 0D[ yUD ! QDS DNNXPXOiWRUUDO 0pUHWHN 0pUHW [ [ PP 7|PHJ XOWUD YpNRQ\ DNNXPXOiWRU J 0~V]DNL DGDWRN 35$7$57$/20 . |UQ\H]HW KvPpUVpNOHWH 0D[ 0LQ & & *60ID[ pV DGDW $GDWiWYLWHOL VHEHVVpJ 0D[LPXP NEV D +6&6'W +LJK 6SHHG &LUFXLW 6ZLWFKHG 'DWD WiPRJDWy KiOy]DWRNRQ $ 9ELV W|P|UtWpVL HOMiUiVVDO D] DGDWRN WtSXViWyO pV D KiOy]DWWyO IJJvHQ DNiU QpJ\V]HUHV DGDWiWYLWHOL VHEHVVpJ LV HOpUKHWv )D[ 0D[ NEV *URXS , , , FODVV pV &ODVV D MDYDVROW 0~V]DNL DGDWRN (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $GDWiWYLWHOL VHEHVVpJ 0D[ NEV , QIUDY|U|V NRPPXQLNiFLy /HIHGHWWVpJ WYLWHOL V]DEYiQ\RN 0D[LPXP PpWHU $] 5 D V]DEYiQ\RV , U'$ pV D] , U'$8OWUD WHOMHV PHJYDOyVtWiViW WiPRJDWMD 0D[ 0EV $GDWiWYLWHOL VHEHVVpJ 1m 3' 3" 30 *356 *HQHUDO 3DFNHW 5DGLR 6HUYLFH &/$66 /(' 352'8&7 $] , U'$ )HDWXUH YpGMHJ\ D] , QIUDUHG 'DWD $VVRFLDWLRQ WXODMGRQD KDV]QiODWD D FpJ HQJHGpO\pYHO W|UWpQLN . iEHO . iEHOWtSXV 56 9 $GDWiWYLWHOL VHEHVVpJ 0D[ NEV %OXHWRRWK YH]HWpN QpONOL WHFKQROyJLD /HIHGHWWVpJ $GyWHOMHVtWPpQ\ )UHNYHQFLDViY 0D[LPXP PpWHU P: G%P *+] QHP HQJHGpO\H]HWW , 60ViY (QHUJLDIRJ\DV]WiV . pV]HQOpWL iUDPIHOYpWHO P$ %HV]pG ]HPPyG P$ $GDW ]HPPyG iWODJ P$ > P$ NEV @ $GDWiWYLWHOL VHEHVVpJ 0D[ NEV HJ\ LGvNHUHWHQ EHOO 0~V]DNL DGDWRN (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $ NpV]OpN D] DOiEEL %OXHWRRWK IXQNFLyNDW WiPRJDWMD OWDOiQRV KR]]iIpUpV 3URILO 6RURV SRUW 3URILO )OKDOOJDWy 3URILO 7HOHIRQRV KiOy]DW 3URILO )D[ 3URILO OWDOiQRV REMHNWXPFVHUH 3URILO 2EMHNWXPNOGpV 3URILO 6]LQNURQL]iFLy 3URILO 0~V]DNL DGDWRN $ %OXHWRRWK V]DEYiQQ\DO YDOy NRPSDWLELOLWiV LJD]ROiVD $ WHUPpN PHJIHOHO D HV %OXHWRRWK VSHFLILNiFLyQDN $]RQEDQ PLYHO D] HV VSHFLILNiFLy PpJ QHP KLYDWDORV D WHUPpN IRUPDLODJ WHOMHVtWL D]W D E %OXHWRRWK VSHFLILNiFLyW (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% D] ~WPXWDWyW WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] 0HJMHJ\]HV $ NpV]OpN KDV]QiODWD HOvWW NpUMN ROYDVVD HO H]W $ PRELOWHOHIRQ UHQGNtYO ERQ\ROXOW HOHNWURQLNXV EHUHQGH]pV $ PRELOWHOHIRQ WHOMHVtWPpQ\pQHN OHKHWv OHJMREE NLKDV]QiOiVD pUGHNpEHQ NpUMN ROYDVVD HO D WHUPpN NH]HOpVpUH LOOHWYH EL]WRQViJRV pV KDWpNRQ\ KDV]QiODWiUD YRQDWNR]y ~WPXWDWyW $ NpV]OpN JRQGR]iVD 1H WHJ\H NL D NpV]OpNHW IRO\DGpN YDJ\ QHGYHVVpJ KDWiViQDN 1H WHJ\H NL D NpV]OpNHW V]pOVvVpJHVHQ PDJDV YDJ\ DODFVRQ\ KvPpUVpNOHW KDWiViQDN 1H WHJ\H NL D NpV]OpNHW J\HUW\DOiQJ FLJDUHWWD V]LYDU Q\tOW OiQJ VWE KDWiViQDN 1H HMWVH OH GREMD YDJ\ SUyEiOMD PHJKDMOtWDQL D NpV]OpNHW PHUW D WHUPpN NiURVRGKDW D GXUYD EiQiVPyG N|YHWNH]WpEHQ 1H IHVVH EH D NpV]OpNHW PHUW D IHVWpN HOW|PKHWL D IOKDOOJDWyW D PLNURIRQW YDJ\ DNDGiO\R]KDWMD EiUPHO\LN PR]Jy UpV]W pV PHJJiWROKDWMD D QRUPiO KDV]QiODWRW 1H SUyEiOMD PHJ V]pWV]HUHOQL D NpV]OpNHW $ WHUPpN QHP WDUWDOPD] D IHOKDV]QiOy iOWDO MDYtWKDWy DONRWyUpV]HNHW $ V]HUYL]HOpVW FVDN D +LYDWDORV 6]HUYL] . |]SRQWRN LOOHWYH D +LYDWDORV 6]HUYL] 3DUWQHUHN YpJH]KHWLN 1H KDV]QiOMRQ QHP HUHGHWL (ULFVVRQ WDUWR]pNRNDW (] DOyO NLYpWHOW MHOHQWHQHN D]RN D WHUPpNHN DPHO\HNHW MyYiKDJ\RWW D %OXHWRRWK 0LQvVtWv 7HVWOHW $ QHP HUHGHWL (ULFVVRQ WDUWR]pNRN KDV]QiODWD WHOMHVtWPpQ\FV|NNHQpVW D WHUPpN NiURVRGiViW W]HW iUDPWpVW LOOHWYH V]HPpO\L VpUOpVW RNR]KDW $ JDUDQFLD QHP pUYpQ\HV RO\DQ WHUPpNKLEiNUD DPHO\HNHW QHP HUHGHWL (ULFVVRQ WDUWR]pNRN KDV]QiODWD RNR]RWW . |UOWHNLQWvHQ KDV]QiOMD D WHUPpNHW WDUWVD WLV]WD SRUPHQWHV N|UQ\H]HWEHQ WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $ FV|NNHQW WHOMHVtWPpQ\ HONHUOpVH pUGHNpEHQ HOOHQvUL]]H KRJ\ NpV]OpNpQHN DQWHQQiMD QHP KDMORWWH PHJ LOOHWYH QHP VpUOWH 1H WiYROtWVD HO D] DQWHQQiW VDMiW PDJD +D D PRELOWHOHIRQ DQWHQQiMD PHJVpUOW NpUMN KRJ\ D MDYtWiVW +LYDWDORV 6]HUYL] 3DUWQHUQpO YDJ\ +LYDWDORV 6]HUYL] . |]SRQWEDQ YpJH]WHVVH HO &VDN D NLIHMH]HWWHQ D] |Q PRELOWHOHIRQMiKR] J\iUWRWW DQWHQQiW KDV]QiOMRQ $ QHP HQJHGpO\H]HWW DQWHQQiN PyGRVtWiVRN LOOHWYH NLHJpV]tWpVHN KDV]QiODWD NiURVtWKDWMD D PRELOWHOHIRQW pV VpUWKHWL D YRQDWNR]y HOvtUiVRNDW H]HQNtYO WHOMHVtWPpQ\FV|NNHQpVW LOOHWYH D MDYDVROWQiO QDJ\REE UiGLyIUHNYHQFLiV 5) HQHUJLDNLERFViWiVW HUHGPpQ\H]KHW $ WHOHIRQ KDWpNRQ\ P~N|GWHWpVH $] DQWHQQD NH]HOpVH $KKR] KRJ\ RSWLPiOLV WHOMHVtWPpQ\W pUKHVVHQ HO PLQLPiOLV HQHUJLDIHOKDV]QiOiVVDO NpUMN 7DUWVD D PRELOWHOHIRQW ~J\ PLQW D W|EEL WHOHIRQW $PLNRU N|]YHWOHQO D PLNURIRQED EHV]pO D] DQWHQQiW IHOIHOp LUiQ\tWVD D YiOOD I|Op +D D] DQWHQQD NL LOOHWYH YLVV]DK~]KDWy DNNRU D KtYiV N|]EHQ NL NHOO K~]QLD 1H IRJMD PHJ D] DQWHQQiW D KtYiV N|]EHQ $] DQWHQQD PHJIRJiVD KDWiVVDO OHKHW D KtYiV PLQvVpJpUH pV D]W LV HUHGPpQ\H]KHWL KRJ\ D PRELOWHOHIRQ iUDPIHOYpWHOH PHJQv LOOHWYH FV|NNHQ D EHV]pOJHWpVL pV NpV]HQOpWL LGv +D D PRELOWHOHIRQMD LQIUDY|U|V SRUWWDO LV IHO YDQ V]HUHOYH DNNRU D] LQIUDY|U|V VXJDUDW VRKD QH LUiQ\tWVD D] HPEHUHN V]HPpEH pV HOOHQvUL]]H KRJ\ QHP ]DYDUH PiV LQIUDY|U|V EHUHQGH]pVW $ UiGLyIUHNYHQFLiV HQHUJLD $ PRELOWHOHIRQ HJ\ DODFVRQ\ HQHUJLDV]LQWHQ VXJiU]y UiGLy DGyYHYv +D EH YDQ NDSFVROYD DNNRU V]DNDV]RVDQ NLERFViW pV IRJDG UiGLyIUHNYHQFLiV 5) HQHUJLiW UiGLyKXOOiPRNDW $ KtYiVW NH]HOv UHQGV]HU HJ\EHQ D WHOHIRQ iOWDO NLERFViWRWW HQHUJLD V]LQWMpW LV YH]pUOL WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $] |VV]HV (ULFVVRQ PRELOWHOHIRQPRGHOO WHUYH]pVHNRU IRQWRV V]HPSRQW YROW KRJ\ P~N|GpVN VRUiQ QH OpSMpN iW D QHP]HWL KDWyViJRN LOOHWYH D QHP]HWN|]L HJpV]VpJJ\L V]HUYH]HWHN iOWDO PHJKDWiUR]RWW D UiGLyIUHNYHQFLiV HQHUJLD NLERFViWiViUD YRQDWNR]y KDWiURNDW (]HN D KDWiURN HJ\ iWIRJy LUiQ\HOY UpV]pW NpSH]LN pV D ODNRVViJRW pULQWv UiGLyKXOOiPNLERFViWiVUD YRQDWNR]y PD[LPiOLVDQ HQJHGpO\H]HWW HQHUJLDV]LQWHNHW KDWiUR]]iN PHJ (]HNHW D] LUiQ\HOYHNHW LGvV]DNRV YL]VJiODWRN pV WXGRPiQ\RV WDQXOPiQ\RN iWIRJy HOHP]pVH ~WMiQ IJJHWOHQ WXGRPiQ\RV V]HUYH]HWHN iOODStWRWWiN PHJ PLQW SpOGiXO D] , &1, 53 1HPLRQL]iOy 6XJiU]iV (OOHQL 9pGHOHP 1HP]HWN|]L %L]RWWViJD $ KDWiURN MHOHQWvV EL]WRQViJL UiKDJ\iVW LV WDUWDOPD]QDN DPHO\ PLQGHQ HPEHU V]iPiUD EL]WRQViJRW JDUDQWiOQDN pOHWNRUWyO HJpV]VpJL iOODSRWWyO pV D PpUpVL PyGV]HUHNWvO IJJHWOHQO 3pOGiN D UiGLyIUHNYHQFLiV HQHUJLD NLERFViWiViUD YRQDWNR]y LUiQ\HOYHNUH pV V]DEYiQ\RNUD DPHO\HNQHN WHUYH]pVN DODSMiQ D] (ULFVVRQ PRELOWHOHIRQPRGHOOHN PHJIHOHOQHN , &1, 53 , UiQ\HOYHN D] LGvEHQ YiOWR]y HOHNWURPRV PiJQHVHV pV HOHNWURPRV PH]vN *+]LJ NLERFViWiVUD YRQDWNR]yDQ 1HPLRQL]iOy 6XJiU]iV (OOHQL 9pGHOHP 1HP]HWN|]L %L]RWWViJD , &1, 53 +HDOWK 3K\VLFV V]iP ROGDO iSULOLV (. (8 7DQiFV DMiQOiVD D *+] N|]|WWL HOHNWURPRV PH]vN NLVXJiU]iViQDN NRUOiWR]iViYDO NDSFVRODWEDQ $] (XUySDL . |]|VVpJ KLYDWDORV ODSMD M~OLXV $16, , ((( & N+] *+] N|]|WWL WDUWRPiQ\~ UiGLyIUHNYHQFLiV HOHNWURPiJQHVHV PH]v NLVXJiU]iViQDN HPEHUUH YRQDWNR]y EL]WRQViJL V]LQWMHL (OHNWUR pV YLOODPRVPpUQ|N|N , QWp]HWH 1HZ <RUN )&& 5HSRUW DQG 2UGHU (7 'RFNHW )&& )HGHUDO &RPPXQLFDWLRQV &RPPLVVLRQ )&& DXJXV]WXV 5iGLyNRPPXQLNiFLy $] HOHNWURPiJQHVHV VXJiU]iV HPEHUL KDWiVDL 6WDQGDUG $XV]WUiO . RPPXQLNiFLyV +DWyViJ $&$ PiMXV WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] $ UiGLyIUHNYHQFLiV HQHUJLD KDWiVDL (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% (OOHQvUL]]H D PHJOiWRJDWQL NtYiQW WHUOHW PRELOWHOHIRQ KDV]QiODWiUD YRQDWNR]y W|UYpQ\HLW pV V]DEiO\DLW +D YH]HWpV N|]EHQ KDV]QiOMD PRELOWHOHIRQMiW NpUMN 7HOMHV ILJ\HOPpW D YH]HWpVQHN V]HQWHOMH /HKHWvVpJ V]HULQW KDV]QiOMRQ (ULFVVRQ DXWyV NLKDQJRVtWy HJ\VpJHW -RJV]DEiO\RN tUMiN HOv D] DXWyEDQ Np] QpONOL NLKDQJRVtWiVL PHJROGiVRN KDV]QiODWiW $] DXWyV NLKDQJRVtWy NpV]OHW ]HPEH KHO\H]pVH HOvWW ILJ\HOPHVHQ ROYDVVD HO D YRQDWNR]y XWDVtWiVRNDW +D D N|]OHNHGpVL IHOWpWHOHN ~J\ NtYiQMiN WpUMHQ OH D] ~WUyO pV iOOMRQ PHJ PLHOvWW KtYiVW NH]GHPpQ\H]QH YDJ\ IRJDGQD $] 5) HQHUJLD EHIRO\iVROKDWMD D JpSMiUP~ HOHNWURPRV UHQGV]HUHLQHN P~N|GpVpW SpOGiXO D V]WHUHy DXWyV UiGLyW pV D EL]WRQViJL IHOV]HUHOpVHNHW (]HQNtYO QpKiQ\ J\iUWy QHP HQJHGpO\H]L D PRELOWHOHIRQRN KDV]QiODWiW MiUP~YHLEHQ KD D EHV]HUHOW NLKDQJRVtWy HJ\VpJ QHP WDUWDOPD] NOVv DQWHQQiW $ EL]WRQViJ pUGHNpEHQ HOOHQvUL]WHVVH D J\iUWy NpSYLVHOvMpYHO KRJ\ NpV]OpNH QLQFVH KDWiVVDO JpSNRFVLMiQDN HOHNWURPRV UHQGV]HUHLUH /pJ]ViNNDO IHOV]HUHOW JpSNRFVLN $ OpJ]ViN QDJ\ HUvYHO I~MyGLN IHO 1H KHO\H]]HQ WiUJ\DNDW VHP IL[ WHOHStWpV~ VHP YH]HWpN QpONOL PRELO HV]N|]|NHW D OpJ]ViN I|Op YDJ\ D OpJ]ViN P~N|GpVL WHUOHWpUH +D D JpSNRFVLQ EHOO QHP PHJIHOHOvHQ WHOHStWHWWpN D YH]HWpN QpONOL HV]N|]|NHW D OpJ]ViN IHOI~YyGiVDNRU NRPRO\ VpUOpVHNHW RNR]KDWQDN (OHNWURPRV NpV]OpNHN $XWyYH]HWpV $ OHJW|EE PRGHUQ HOHNWURPRV EHUHQGH]pVW PLQW SpOGiXO D NyUKi]L NpV]OpNHNHW YDJ\ D JpSNRFVLNDW iUQ\pNROMiN D] 5) HQHUJLD KDWiVDLYDO V]HPEHQ 0LQGHPHOOHWW EL]RQ\RV HOHNWURPRV NpV]OpNHNHW QHP iUQ\pNROWDN H]pUW (QJHGpO\ QpONO QH KDV]QiOMD WHOHIRQMiW RUYRVL EHUHQGH]pVHN N|]HOpEHQ $ PRELOWHOHIRQRN KDWiVVDO OHKHWQHN D EHOWHWHWW V]tYULWPXVV]DEiO\R]yN YDODPLQW PiV EHOWHWHWW HJpV]VpJJ\L NpV]OpNHN EL]RQ\RV WtSXVDLQDN P~N|GpVpUH $ V]tYULWPXVV]DEiO\R]yW KDV]QiOy EHWHJHNQHN WLV]WiEDQ NHOO OHQQLN D]]DO KRJ\ D PRELOWHOHIRQQDN D V]DEiO\R]yKR] W~O]RWWDQ N|]HOL KDV]QiODWD D EHUHQGH]pV KLEiV P~N|GpVpW LGp]KHWL HOv (]pUW QH WHJ\H D WHOHIRQW D V]tYULWPXVV]DEiO\R]y I|Op SO D V]LYDU]VHEEH 7HOHIRQiOiVNRU D NpV]OpNHW D V]tYULWPXVV]DEiO\R]yYDO HOOHQNH]v ROGDOL IOpKH] WHJ\H +D OHJDOiEE FP WiYROViJRW WDUW D V]DEiO\R]y pV D PRELOWHOHIRQ N|]|WW DNNRU D NpV]OpNHN ]DYDUy WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% %L]RQ\RV KDOOyNpV]OpNHNHW ]DYDUKDW D PRELOWHOHIRQ , O\HQ ]DYDU HVHWpQ NRQ]XOWiOMRQ D KHO\L &DOO&HQWUH N|]SRQWWDO D OHKHWVpJHV PHJROGiVRN J\pEHQ 5HSOvJpS KDWiViQDN NRFNi]DWD NRUOiWR]RWW +D EiUPLO\HQ RNEyO IHOWpWHOH]L KRJ\ D] LQWHUIHUHQFLD EHN|YHWNH]LN D]RQQDO NDSFVROMD NL WHOHIRQMiW 7RYiEEL LQIRUPiFLyNpUW PLQGHQNpSSHQ NHUHVVH PHJ NDUGLROyJXViW . DSFVROMD NL WHOHIRQMiW PLHOvWW UHSOvJpSUH V]iOOQD $ NRPPXQLNiFLyV UHQGV]HUHNUH J\DNRUROW ]DYDUy KDWiV PHJHOv]pVH pUGHNpEHQ D UHSOpV LGHMH DODWW QHP KDV]QiOKDWMD NpV]OpNpW 1H KDV]QiOMD NpV]OpNpW D I|OG|Q VHP D V]HPpO\]HW HQJHGpO\H QpONO 5REEDQWiVL WHUOHWHN . DSFVROMD NL NpV]OpNpW D UREEDQWiVL PXQNiN PHJ]DYDUiViQDN HONHUOpVH pUGHNpEHQ DPLNRU UREEDQWiVL WHUOHWHQ YDJ\ RO\DQ |YH]HWEHQ WDUWy]NRGLN DKRO NLIJJHV]WHWWpN D . DSFVROMD NL DGyYHYv NpV]OpNpW IHOLUDWRW $ UREEDQWy V]HPpO\]HW J\DNUDQ KDV]QiO WiYYH]pUOpV~ 5) NpV]OpNHW D UREEDQWiV PHJLQGtWiViKR] 5REEDQiVYHV]pO\HV N|UQ\H]HW . DSFVROMD NL WHOHIRQMiW PLQGHQ UREEDQiVYHV]pO\HV N|UQ\H]HWEHQ 5LWNiQ IRUGXO HOv GH NpV]OpNH YDJ\ DQQDN WDUWR]pNDL V]LNUiNDW LGp]KHWQHN HOv $ V]LNUiN H]HNHQ D WHUOHWHNHQ V]HPpO\L VpUOpVVHO YDJ\ KDOiOODO MiUy UREEDQiVW YDJ\ W]HW LV RNR]KDWQDN $ UREEDQiVYHV]pO\HV N|UQ\H]HWHW J\DNUDQ GH QHP PLQGHQ HVHWEHQ PHJMHO|OLN (]HN N|]p WDUWR]QDN D] ]HPDQ\DJW|OWv KHO\HN SO D EHQ]LQNXWDN D KDMyNRQ D IHGpO]HW DODWWL UpV]HN ]HPDQ\DJRW YHJ\L DQ\DJRW V]iOOtWy YDJ\ UDNWiUR]y EHUHQGH]pVHN D] RO\DQ |YH]HWHN DKRO D OHYHJv YHJ\L DQ\DJRNDW YDJ\ DSUy UpV]HFVNpNHW WDUWDOPD] SO NO|QE|]v SRURNDW IpPSRUW JDERQiW 1H V]iOOtWVRQ YDJ\ UDNWiUR]]RQ W~]YHV]pO\HV Ji]W IRO\DGpNRW YDJ\ UREEDQyDQ\DJRW JpSMiUP~YpQHN XJ\DQDEEDQ D] XWDVWHUpEHQ DKRO WHOHIRQMiW pV DQQDN WDUWR]pNDLW KDV]QiOMD WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% &VDN D] HOvtUW pV D WHUPpNHQ PHJMHO|OW HQHUJLDIRUUiVRNDW $& WiSHJ\VpJHW FVDWODNR]WDVVD D NpV]OpNKH] $QQDN pUGHNpEHQ KRJ\ D] HOHNWURPRV YH]HWpN VpUOpVpQHN YHV]pO\pW FV|NNHQWVH D GXJDV]ROy DOM]DWEyO W|UWpQv HOWiYROtWiVNRU QH D YH]HWpNHW KDQHP D] $& DGDSWHUW IRJMD PHJ %L]RQ\RVRGMRQ PHJ DUUyO KRJ\ D YH]HWpNHW PHJIHOHOvHQ KHO\H]WH HO tJ\ QHP OpSKHWQHN Ui QHP RNR]KDWQDN ERWOiVW LOOHWYH QLQFV NLWpYH PiV HUvKDWiV YDJ\ VpUOpV YHV]pO\pQHN 7LV]WtWiVNRU D] iUDPWpV YHV]pO\pQHN FV|NNHQWpVH pUGHNpEHQ K~]]D NL D] HJ\VpJHW D KiOy]DWL FVDWODNR]yEyO $] $&WiSHJ\VpJ QH KDV]QiOMD D V]DEDGEDQ pV QHGYHV KHO\HQ $ J\HUHNHN 7iSHJ\VpJ 1( (1*('-( +2*< *<(5(. (. 2/<$1 . , 6 $/. $75e6=(. (7 7$57$/0$= $0(/<(. /(1<(/+(7, . $ WHUPpN HOKHO\H]pVH $] WHUPpNHW QHP V]DEDG N|]|V KXOODGpNWiUROyED KHO\H]QL (OOHQvUL]]H D] HOHNWURPRV WHUPpNHN HOHNWURPRV NDSFVRODWRV KHO\L V]DEiO\RNDW 6HJpO\NpUv KtYiVRN )21726 (] D NpV]OpN PLQW EiUPHO\LN PRELOWHOHIRQ UiGLyMHOHN FHOOiV pV I|OGL WiYEHV]pOv KiOy]DWRN YDODPLQW D IHOKDV]QiOy iOWDO SURJUDPR]RWW IXQNFLyN KDV]QiODWiYDO P~N|GLN DPL QHP JDUDQWiOMD D NDSFVRODWRW PLQGHQ N|UOPpQ\HN N|]|WW (]pUW VRKD QHP V]iPtWKDW FVDN PRELOWHOHIRQMiUD PLQW HJ\HGOL QpONO|]KHWHWOHQ NRPPXQLNiFLyV OHKHWvVpJUH SO HJpV]VpJJ\L V]NVpJKHO\]HWEHQ 1H IHOHGMH DQQDN pUGHNpEHQ KRJ\ KtYiVRNDW NH]GHPpQ\H]KHVVHQ pV IRJDGKDVVRQ PRELOWHOHIRQMiW EH NHOO NDSFVROQLD pV D V]ROJiOWDWiVL WHUOHWHQ PHJIHOHOv FHOOiV MHOHUvVVpJQHN NHOO OHQQLH 1pPHO\LN FHOOiV KiOy]DWEDQ LOOHWYH EL]RQ\RV KiOy]DWL V]ROJiOWDWiVRN pVYDJ\ WHOHIRQIXQNFLyN KDV]QiODWD HVHWpQ VHJpO\NpUv KtYiVRN QHP OHKHWVpJHVHN (]W HOOHQvUL]]H KHO\L V]ROJiOWDWyMiQiO WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $NNXPXOiWRU W|OWpVH $ WHOHIRQKR] PHOOpNHOW DNNXPXOiWRU QLQFV WHOMHVHQ IHOW|OWYH -DYDVROMXN KRJ\ D WHOHIRQ KDV]QiODWED YpWHOH HOvWW W|OWVH D] DNNXPXOiWRUW yUiQ NHUHV]WO +D ~M DNNXPXOiWRUW W|OW LOOHWYH KD D] DNNXPXOiWRU WHOMHVHQ OHPHUOW HONpS]HOKHWv KRJ\ D W|OWpVQpO D WHOHIRQ HJ\ EL]RQ\RV LGHLJ QHP DG W|OWpVMHO]pVW $ WHOHIRQ WHWHMpQ OpYv MHO]vOiPSD QHP J\XOODG NL pV D] DNNXPXOiWRUMHO]v VHP MHOHQLN PHJ D NLMHO]vQ )RQWRV PHJMHJ\H]QL KRJ\ DGGLJ QHP WXGMD EHNDSFVROQL D WHOHIRQW DPtJ D MHO]vOiPSiN QHP YLOiJtWDQDN LOOHWYH D] DNNXPXOiWRUMHO]vN PHJ QHP MHOHQQHN D NLMHO]vQ $] DNNXPXOiWRUW FVDN & ) pV & ) N|]|WWL KvPpUVpNOHWHQ V]DEDG W|OWHQL $] DNNXPXOiWRU KDV]QiODWD pV JRQGR]iVD $] ~MUDW|OWKHWv DNNXPXOiWRU PHJIHOHOv NH]HOpV PHOOHWW KRVV]~ pOHWWDUWDP~ $] ~M YDJ\ UpJHQ QHP KDV]QiOW DNNXPXOiWRU KDV]QiODWEDYpWHOHNRU D] HOVv QpKiQ\ IHOW|OWpVNRU FV|NNHQW NDSDFLWiVVDO P~N|GKHW $ EHV]pOJHWpVL LOOHWYH D NpV]HQOpWL LGv D WHOHIRQ KDV]QiODWDNRU DNWXiOLV iWYLWHOL IHOWpWHOHNWvO IJJ +D D WHOHIRQW Ei]LViOORPiVKR] N|]HOL WHUOHWHQ KDV]QiOMiN NHYHVHEE HQHUJLD V]NVpJHV H]iOWDO D EHV]pOJHWpVL pV NpV]HQOpWL LGv KRVV]DEE OHV] &VDN HUHGHWL (ULFVVRQ DNNXPXOiWRURNDW pV DNNXPXOiWRUW|OWvNHW KDV]QiOMRQ 0iV DNNXPXOiWRU pV W|OWv KDV]QiODWD YHV]pO\HV OHKHW pV D MyWiOOiV QHP YRQDWNR]LN D]RNUD D PHJKLEiVRGiVRNUD DPHO\HN QHP HUHGHWL (ULFVVRQ WDUWR]pNRN KDV]QiODWiEyO HUHGQHN 1H WHJ\H NL D] DNNXPXOiWRUW V]pOVvVpJHV KvPpUVpNOHW KDWiViQDN D KvPpUVpNOHW VRKD QH OHJ\HQ & ) I|O|WW $] DNNXPXOiWRU V]REDKvPpUVpNOHWHQ pUL HO PD[LPiOLV NDSDFLWiViW +D D] DNNXPXOiWRUW KLGHJEHQ KDV]QiOMD NDSDFLWiVD FV|NNHQ . DSFVROMD NL D WHOHIRQW PLHOvWW NLYHQQp D] DNNXPXOiWRUW $] DNNXPXOiWRUW FVDN HUHGHWL FpOMiUD KDV]QiOMD 1H SUyEiOMD V]pWV]HUHOQL D] DNNXPXOiWRUW 1H HQJHGMH KRJ\ D] DNNXPXOiWRU IpP FVDWODNR]yL PiV IpPHV WiUJJ\DO pULQWNH]]HQHN (] U|YLG]iUODWRW RNR]KDW pV NiURVtWKDWMD D] DNNXPXOiWRUW 1H WHJ\H NL D] DNNXPXOiWRUW Q\tOW OiQJ KDWiViQDN PHUW IHOUREEDQKDW 1H WHJ\H NL D] DNNXPXOiWRUW QHGYHVVpJ KDWiViQDN 1H HQJHGMH KRJ\ D] DNNXPXOiWRUW EiUNL LV D V]iMiED YHJ\H $] DNNXPXOiWRU HOHNWUROLWMD PpUJH]pVW RNR]KDW KD OHQ\HOLN WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] $] DNNXPXOiWRUUD YRQDWNR]y LQIRUPiFLyN (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $] DNNXPXOiWRUW QHP V]DEDG N|]|V KXOODGpNWiUROyED KHO\H]QL (OOHQvUL]]H D] DNNXPXOiWRURN HOKHO\H]pVpYHO NDSFVRODWRV KHO\L V]DEiO\RNDW WPXWDWy D NpV]OpN KDWpNRQ\ pV EL]WRQViJRV KDV]QiODWiKR] $] DNNXPXOiWRU HOKHO\H]pVH (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% . |V]|QMN KRJ\ H]W D] (ULFVVRQ WHUPpNHW YiViUROWD $QQDN pUGHNpEHQ KRJ\ PD[LPiOLVDQ NLKDV]QiOKDVVD ~M NpV]OpNpQHN WXODMGRQViJDLW MDYDVROMXN N|YHVVH D] DOiEEL HJ\V]HU~ OpSpVHNHW 2OYDVVD HO D] WPXWDWy D NpV]OpN EL]WRQViJRV pV KDWpNRQ\ KDV]QiODWiKR] FtP~ IHMH]HWHW 2OYDVVD HO D] (ULFVVRQ MyWiOOiViUD YRQDWNR]y |VV]HV IHOWpWHOW pV NLN|WpVW 7HJ\H HO D] HUHGHWL Q\XJWiW 6]NVpJH OHKHW Ui JDUDQFLiOLV MDYtWiVL LJpQ\H HVHWpQ $PHQQ\LEHQ D] (ULFVVRQ WHUPpNQHN JDUDQFLiOLV V]HUYL]UH OHQQH V]NVpJH NpUMN YLJ\H YLVV]D D]W D NHUHVNHGvK|] DNLWvO YiViUROWD YDJ\ WRYiEEL LQIRUPiFLypUW NDSFVRODWED NHOO OpSQLH D KHO\L &DOO&HQWUH N|]SRQWWDO -yWiOOiVXQN . RUOiWR]RWW MyWiOOiV $] (ULFVVRQ JDUDQWiOMD D WHUPpN DQ\DJKLEiWyO NLYLWHOH]pVL KLEiNWyO PHQWHV P~N|GpVpW D YHYv iOWDO W|UWpQv HUHGHWL YiViUOiVNRU pV D] D]W N|YHWv HJ\ pYHV LGvV]DNEDQ 0LQGHQ (ULFVVRQ WDUWR]pNUD D] HUHGHWL YiViUOiVWyO V]iPtWRWW HJ\ pYHV MyWiOOiV pUYpQ\HV ILJ\HOHPEH YpYH D MHOHQ GRNXPHQWXPEDQ OpYv DONDOPD]KDWy NLWpWHOHNHW pV IHOWpWHOHNHW $PLW PHJWHV]QN $PHQQ\LEHQ D WHUPpN D MyWiOOiV LGvV]DNiEDQ DQ\DJKLED YDJ\ NLYLWHOH]pVL KLED PLDWW QRUPiO KDV]QiODW N|]EHQ YDJ\ V]ROJiOWDWiViEDQ KLEiVDQ P~N|GLN D] (ULFVVRQ NpSYLVHOHWHL IHOKDWDOPD]RWW pUWpNHVtWvL LOOHWYH D 6HUYLFH 3RLQWRN YDJ\ &HUWLILHG 6HUYLFH &HQWUHHN D] LWW IHOVRUROW IHOWpWHOHN WHOMHVOpVH HVHWpQ D OHJMREE EHOiWiVXN V]HULQW PHJMDYtWMiN YDJ\ NLFVHUpOLN D WHUPpNHW . RUOiWR]RWW MyWiOOiV (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% $ MyWiOOiV FVDN DNNRU pUYpQ\HV KD D MDYtWDQGy YDJ\ NLFVHUpOHQGv WHUPpNNHO HJ\WW D NHUHVNHGv iOWDO D] HUHGHWL YHYvQHN iWDGRWW HUHGHWL Q\XJWiW EHPXWDWMiN pV D Q\XJWD WDUWDOPD]]D D YiViUROW WHUPpN VRUR]DWV]iPiW pV D YiViUOiV GiWXPiW $] (ULFVVRQ IHQQWDUWMD D JDUDQFLiOLV V]HUYL] YLVV]DXWDVtWiViQDN MRJiW KD H]HNHW D] LQIRUPiFLyNDW D WHUPpN HUHGHWL YiViUOiViW N|YHWvHQ HOWiYROtWRWWiN YDJ\ PyGRVtWRWWiN +D D] (ULFVVRQ PHJMDYtWMD YDJ\ NLFVHUpOL D WHUPpNHW D PHJMDYtWRWW YDJ\ NLFVHUpOW WHUPpN MyWiOOiVL LGvV]DND D] HUHGHWL MyWiOOiVEyO PpJ KiWUD OpYv LGvWDUWDPUD YDJ\ D MDYtWiVWyO LOOHWYH FVHUpWvO V]iPtWRWW NLOHQFYHQ QDSUD LOOHWYH D NHWWv N|]O D KRVV]DEE LGvV]DNUD WHUMHG NL $ MDYtWiV YDJ\ FVHUH IXQNFLRQiOLVDQ HJ\HQpUWpN~ IHOMDYtWRWW UpV]HJ\VpJJHO LV WHOMHVtWKHWv $ NLFVHUpOW KLEiV DONDWUpV] YDJ\ V]HUNH]HWL UpV] D] (ULFVVRQ WXODMGRQiW NpSH]L $ MyWiOOiV QHP YRQDWNR]LN D WHUPpN V]RNiVRV KDV]QiODWiEyO pV NRSiViEyO HUHGv PHJKLEiVRGiVUD D V]DNV]HU~WOHQ KDV]QiODWUD EHOHpUWYH W|EEHN N|]|WW D WHUPpN QHP V]RNiVRV PyGRQ W|UWpQv KDV]QiODWiW D] (ULFVVRQ WHUPpNHNUH YRQDWNR]y KDV]QiODWL pV NDUEDQWDUWiVL XWDVtWiVRN ILJ\HOPHQ NtYO KDJ\iViW 7RYiEEi QHP pUYpQ\HV D MyWiOOiV EDOHVHWEvO PyGRVtWiVEyO pV EHiOOtWiVEyO YLV PDMRUEyO D QHP PHJIHOHOv V]HOOv]pVEvO YDODPLQW IRO\DGpN KDWiViEyO HUHGv NiURVRGiVEyO N|YHWNH]v PHJKLEiVRGiVRN HVHWpQ $ MyWiOOiV QHP YRQDWNR]LN D 7HUPpN RO\DQ PHJKLEiVRGiVDLUD DPHO\HN QHP (ULFVVRQ &HUWLILHG 6HUYLFH &HQWUHEHQ W|UWpQv QHP PHJIHOHOv MDYtWiV PyGRVtWiV LOOHWYH QHP PHJIHOHOv V]HUYL]HOpV YDJ\ D 7HUPpN (ULFVVRQ WDQ~VtWYiQQ\DO QHP UHQGHONH]v V]HPpO\ iOWDO W|UWpQv IHOQ\LWiVD PLDWW N|YHWNH]WHN EH $ JDUDQFLD QHP pUYpQ\HV RO\DQ WHUPpNKLEiNUD DPHO\HNHW QHP HUHGHWL (ULFVVRQ WDUWR]pNRN KDV]QiODWD RNR]RWW $ 7HUPpNHQ OpYv EiUPHO\LN SORPED PHJVpUWpVH D MyWiOOiV pUYpQ\WHOHQVpJpW HUHGPpQ\H]L (=(1 $ 1<207$7277 . 25/72=277 -7//6, 1<, /$7. 2=$721 . 9h/ 1, 1&6 06 56%$1 9$*< 6=%$1 1<, /91266*5$ +2=277 -7//6 0, 1'(1 9e/(/0(=(77 -7//6 . 25/72=6 1e/. h/ %(/(e579( $ 9e/(/0(=(77 -7//67 9$*< $ . (5(6. ('(/0, , //(79( %50(/< . h/g1/(*(6 &e/1$. (=(1 . 25/72=277 -7//6 , 'u7$57$05$ 921$7. 2=, . $= (5, &6621 6(00, /<(1 . RUOiWR]RWW MyWiOOiV )HOWpWHOHN (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% %L]RQ\RV RUV]iJRNEDQ pV iOODPRNEDQ QHP PHJHQJHGHWW D YpOHWOHQ pV D N|YHWNH]PpQ\HV NiURN NL]iUiVD YDJ\ NRUOiWR]iVD LOOHWYH D YpOHOPH]HWW MyWiOOiV LGvWDUWDPiQDN NRUOiWR]iVD (EEvO N|YHWNH]vHQ OHKHW KRJ\ D] HOvEEL NL]iUiVRN pV NRUOiWR]iVRN gQUH Qp]YH QHP pUYpQ\HVHN (] D MyWiOOiV SRQWRVDQ PHJKDWiUR]RWW MRJRNDW EL]WRVtW gQQHN GH H]HQ IHOO D] HJ\HV RUV]iJRNWyO pV iOODPRNWyO IJJvHQ PiVPiV MRJRN LV PHJLOOHWKHWLN 1HP]HWN|]L V]HUYL] . g5h/0e1<(. . g=g77 1(0 )(/(/u6 %50, )e/( 9e/(7/(1 9$*< . g9(7. (=0e1<(6 . 52. e57 %(/(e579( 7g%%(. [. . . ] 5 6 5H]Jv KtYiVMHO 6DMiW V]iP HOUHMWpVH 6DMiW V]iP PHJMHOHQtWpVH 6HJpGHV]N|]|N 6LNHUWHOHQ KtYiVRN 6LNHUWHOHQ KtYiVRN V]LPEyOXP 7iUFVi]RWW V]iPRN V]LPEyOXP 7HOHIRQ EHNDSFVROiVD 7HOHIRQ NLNDSFVROiVD 7HOHIRQ YLVV]DiOOtWiVD 7HOHIRQN|Q\Y EHMHJ\]pVHN EHMHJ\]pVHN J\RUVELOOHQW\~L OpWUHKR]iV PHPyULDiOODSRW HOOHQvU]pVH QpYMHJ\NiUW\iN 7HOHIRQV]iP VDMiW V]iP RN PHJMHOHQtWpVH 7HOHIRQV]iP D] 606EHQ YiODV] NOGpVH 7HOHIRQ]iU DXWRPDWLNXV ]iU EHNDSFVROiV NLNDSFVROiV EL]WRQViJL NyG PyGRVtWiVD WHOMHV ]iU 7HOMHV ]iU 7RQH KDQJRN 7 V]|YHJEHYLWHO 7 , QGH[ h (U LFV 1R VR W IR Q0 U RE &RP LOH PH &R UFL PP DO XQ 8VH LFD WLR QV $% 9 9DUi]VV]y 9pV]KtYiVRN hGY|]Ov V]|YHJ D NLMHO]vQ h]HQHWU|J]tWv /iVG +DQJSRVWD : :$3V]ROJiOWDWiVRN EL]WRQViJ E|QJpV]pV 3XVK]HQHWHN = =iUDN DOitUiV]iU KR]]iIpUpVL ]iU 6, 0NiUW\D]iU WHOHIRQ]iU =iUW HOvIL]HWvL FVRSRUWRN , QGH[ [. . . ]