Hotrod Seven Killers-CSP Proof-05!21!15

Please carefully review your Digital Proof download for formatting, grammar, and design issues that may need to be corrected.

We recommend that you review your book three times, with each time focusing on a different aspect.

Once you are satisfied with your review, you can approve your proof and move forward to the next step in the publishing process.

To print this proof we recommend that you scale the PDF to fit the size of your printer paper.

Check the format, including headers, footers, page numbers, spacing, table of contents, and index.

Review any images or graphics and captions if applicable.

Read the book for grammatical errors and typos.

123

Digital Proofer

Seven KillersAuthored by Hot Rod

5.5" x 8.5" (13.97 x 21.59 cm)Black & White on White paper204 pages

ISBN-13: 9781512308860ISBN-10: 1512308862

XNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*M

WMX*M>

XNQYHQTOEMGRHCOWH


TNKH YM[HDOQOY)KH EUFR)ORMF EUF EMGRH" R)O QYH" RFM XWH R)ORFMXNQYHCQOXWH" QFM;" XNQYHQTO EUFR)ORFMXNQYHQTO EMGRHCOWH =MFM5KHR)OGOTPHC[ZO>??XTHT5PH VTPH5FCQO XNYRHCOWH__VTPHL\KHJ TFMCWUOHQN LTGHTOL[GHZO[IQPHVTPHWFMNWOGOTPHC[ZOLEKHL\RHQPH


V[FMKHV[FMKHV[FMKHV[FMKH

GOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

XNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*M XNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*MXNQYHQTOEMGRHCOWHWMX*M

V[FMKV[FMKV[FMKV[FMKHGOTPHCWUOHYMHGOTPHCWUOHYMHGOTPHCWUOHYMHGOTPHCWUOHYMF;CY)7S*MLEKHF;CY)7S*MLEKHF;CY)7S*MLEKHF;CY)7S*MLEKHXWHYRH\WH"XWHEMGRHCEUOKH"XNQYHQTOEMGRHCOWHXWHYRH\WH"XWHEMGRHCEUOKH"XNQYHQTOEMGRHCOWHXWHYRH\WH"XWHEMGRHCEUOKH"XNQYHQTOEMGRHCOWHXWHYRH\WH"XWHEMGRHCEUOKH"XNQYHQTOEMGRHCOWH

YMEU'>XWHYRH\WHQPHRO[),C[Y)KH5FCG>ZFMXWHWFMIECTOWH/W'YRHEML\KHJVM[HZOQPHVCQVEUOSMFCQOQN>DH\WHXWHL\RHQPHVDHC/WOKHJTUOQN;DH\WHXWHWFMIECTOWHL\KHJVM[HZO[IQGPHTPHQNT3TQFCEUDH\WHXWHWFM IECTOWHL\KHJ VM[HZOCQOHXPHYMEU'>PO\WHXWHQPHWO C[IKHTMGH;CLEOWHYRHEMWFM WFMKHZOXUWH5FQPH QN;XWHY)KHT5 TMGH;CLEOWH[TO YMEU'QPH CLEOWHCQ)7WO CVRWHYKHTOXUWH5FQPHYMEU'QPH GYH[GHM*SMFCQO ROCQOWHSMFKH/W'Z,Y)KHZMFKHCG>QN;C57Y)KHXPH ROCQOWHROVC\UOHTWOTUORO[),/W'5KHJVL[PHJ5FCG>QMF;OY)KHYMEU'QPHROCQOWHROTUOWFMXPHTRO"VWHWFMXPH TCQOWHCEU QN;XWHZ,T5 TMGH;CLEOWHWFMQO Y\,JL[' Y\,J ICG>VCK)7YCZOKHCZOKHZL[' ROEUKJHR\)H ROCWOKHCQOWH\)HTUOWFM ZF[KH TZF" X5PJH[KHT/WPHJ"ROGHRFYHWNZ,[KHZPHJ[*MTYMEU'QPH QYF/W'QN YRHCOWH L\RH> VZNQL\KHJ VSF[HEYHL[' XM[H/W*E*TPHWFMRMFFTHCXJ5FQPH QN;Y)WHWFGHQO T5GHE,J[IX3KH QN;WFM QYHEUKHCQO QMFKHCXOWQOTUO ZWHTGPH5FCXQPHQPHJYFMKHCVOKHYMEU'WOVQWH5KHXUWH[KH5FCGCQ>CGTKHQPHVCGOWHCIOW4GHQFM;1'YPHCG>VCT5OKHQTHRL[-XOCXL['ZMFR1HT5O[KH E)OQ*YCL\OKHCL\OKH5KHJ LTKHYRHCWOKH CL[XOQ*WMF /WOXMFWHQPH GYH[GHM*ROCQOWHSMFKH 5FCQOXTHQPH XNQ)OXNXO TUOCQO XTHT/W' YRHEM L\RH> QFM;OY)KHLTKHR'XOQNT5O V5FGHWFM TCX3OJCEU V5FGHWFM TZFGHMFKHCQO LTKHW XTHCDSMFKHTUOWFMYMFWHEFMWHTFWO\FM\,L\RHQ)OL['CGOWHXTHQ)OXTHXOTUOVX,X,VL[F-L[F-L\RHWMGH/WCXQPHLTKHC[T5 XNQPH [FGH[FGH[I[I5KJH V[H5PHQ)HQN YRHCOWHL\RH> EIY)KH I5PHYRHXWHZMFZOQL\KHJ QFMKHCXOWQOYRHCOWH L\RHQPHWFM VX)H5KHJ QFMFKHC[QPH QNQPHGYH[GH*M ROCQOWHSMFKHC57Y)KH LTKHWFM QPHVYMFKH [RHZOE,JL[' CLEX5THWU,WU,L\KHJROCQOWHSFMKHVY)KHKHXOCXQPHGYH[GH*MROCQOWHSMFKH>VY)KH[FMKHQPH[UO[GHEYHT3X+[H5OSNP*CGCXQPHQMF;OY)KHYMEU'WOTYMGHTX+[HLKFTHQWHR)O ZMFKHCGCQO YMEU'WFM LTKHXMFWHQPH5KJH KHXOCQOQNQPH YRHWFMHX*MCYOKJHYKHQ)O> ZMF;CGOWH QWHL[KH5PH/W' YRHEUWHWFM EUXFMWHL[' YMEU'Z*QMF;


CX3OWHX5THQ)OCXQPHVG'QMF; COWHCQOVEIQNQPHYMEU'WFM +YHSWHLEKH T5F[IYMEU'>IECTOWHWFMX5GHWODH\WHXWHWFMK*M;/WPHJXFMWH>IECTOWH VM[HZOQPHJCVOWHT5 DH\WHXWHWFM LTKHXFMWHQPH5KHJ ZFMXN> TUWH5O CQ)SMYHL\.COHQ)OL['CGOWH??TKH[,__=M$X*M$CZ)C)YHXFMWH>YMEU'QPHLKFTHQWHR)O[KHZMFKHCG>QN;EtOWFMHTX+[H5OQXFMQN;[IR[HXPHT\)KHJ[ICEUKHXOQNQPHEI/WOT5IWFMS),ZMYHWOC57THXMFWH>QN;DH\WHXWHWFMQN;=OQNEMYHL\YHXFMWHLEKHL\RHCXQPHCQ)R)GHCGCQOXWHCEUOKH5RHCEUOKHRO[),C[L[-YHWUXO>VYFVWUSMFCQOXWHQN/W)H5KJHXWHQGHCXYMF;L\RHCXQPHL\.S)YHCGCQO QN;TUWH5OC[Y)KH CE4CRTUO WUXO> GOWUKHT+WFM V*YKHYKH/WFYHWOCYOKHJE*KHQNWCTXMFWHQPH??CYOHL['XO__YMEU'W LKFTHQWHR)OZMFKHCGS,QN;Et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t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


QFM;L\KHJPVEUFGHCOWHXOL['CWOKHWKHY)KH/WHTKHYMF;R*MP'XO>ROCQOWHSMFKH> VL[KHT5 I[MCX)Q* YRHQ* MYHYWH C[Z)WHXO> [MCX)Q*QPHYCRYRHCWOKHCVOH=RHXFMWHQXFMRN5WOCGQPHEUWHEUKH[KH C6WUO[)YH" CK)I" TFROI5KHJ Q*XWHQ'YMF;> TUWHX*MQNKHVFTHTUOWU1HCLTOKHQ)O/WQPHQFM;OY)KHYMEU'WOTYMGHTX+[HCWUOWHM[HYMEU'TX+[H5OQPHJVY)WHTPHQNT3TX+[H5O/WCEUMYHYWH ROCQOWHSMFKH> CEIKHTFMC[T5 MGHWG, MGHWG, /WOXFMWHL['CGOWHVC[IWHCXC[IWH L\RHQ)OCXQPH ZMFVC[IWHCXC[IWHT5 XNQGH/W'CXCOWHEMGHSKHXO/W> ZFMXNQGH/W'TUOQPH V[HEMGRHC[EGH;LTKHJWO VC[[FMKH $XOWUKHZOL['VG'COKH CDOKHD'TUOWFM YHSKHZO> QNYMF;> EIY)KH C6EI[YHTUO YHSKHZOL['CGOWHC6ICWOWHTUOWFMEUFYHS),ZO/W>ZFMXNQGH/W'CXCOWHQPH VEGHCZOKHJ CXCZOKHJY)KH YFYHSFYHR)O CGONXFMMWH/W>QNYMF;> X+[H5OT+TUOW LKKHQOL[' I)THXFM C[IJ[IX5QPH QNYMF;> VQ)KHVL[KHT5O EGH;POL['CXROCXOWH\)HO[KH QMF;CQOH QNYMF;> TUWHGHVFTHTUOQPH TYPHLKFTH[, C/WOWH)*7T+WFMC\OHL[CG>ZMFR1HT5O[KH [FMEUPHYHR*MWFM YHWO C6Q\N CSOKHZOCQO QWHXYH[FMKH XNYRHCOWHL\-GHWG, COWH5FXO> QNQPHXPH EIY)KH C6EI[YHWFM [YHWO C6ICWOWH YRHXWHWFMEUFYHS),ZOCXQPHQN;TUWH5OQPHSKHR)HW,JQFM;L\.C\)WOXTKHW,JQFM;FMKHGH>ZFMXN Y*EIC[IWHT5 CX3OWHX5THKHXOQPHWFM TPHQNT3 TCY)7XFMWH/W[I C6WUO[)YH" CK)I"TFROI5KHJ Q*XWHQ'YMF;QPH QMFKH[PO VCWUOHVCTOHTUO L\RHCQOHXPH QN TPHW,JQMF;GYH[GH*M ROCQOWHSMFKHZ, COWH5FXOQPHWFM TQF/WC[ CEIKHTFMC[T5 EMGHEUXOLEKHC[CXOQFM;YPHT=MYHL[YKHC[IWHT5EMGHKHXOLEKHC[CXOQNTPHW,JQFM;KHXOQPHWFMTQFCQOHXPHQNTPHQNL\RHQPHWFMTNQF/WC[>CYOKH[KHXHQNC:C6Q\NC6TKHQONWUFL\RHC[TPHYRHWFMHX*M C6TUOL\KHJ P6YHCGCVOKH SKHZOL[' XNVTUOWFM VTFGH;C[CXJ5FCQOQN TUOTUOT5FMFKHC[NWUFWFMTLTKH\NQNTUO[KHVEUWHWFMQFMFKHC[QPHQMF;OY)KHYMEU'QPHTYMGHTX+[HZMFKHXUWHQO5FCGCQ>NWUFVO/WPHJ[KHT/WPHJC6TKHQO NWUFQPH VLEOQNTUO GPHYN[KH YMEU'> IECTOWHWFM X5GH/WPHJXFMWH>ZMF;CGOWHCX[NYRHEUWHWFMT+YHZMYHWO??YWH[,TKHWFM__=MCL[OXFMWH>TYMFKHEKHY)KH NWUF>VTNVOQPHY)GH;SMYH C/WOWH)*7T+WFM L[CQOHXPHEMTNWO NWUFQPHCVCSYPHLKFTHR)OL\KHJ QN> C6EI[YHWFM L\-YHWO VY)KHT5 [MX, YRHSHJ5RHX*MWFMZMYHXFMWHCXQPH [MX,YRHX*M YRHX*MQPH /W'TOL[' KHXWHCYOWH[CG> NWUFQPH[MX,VOX*MVL[KH EI[YHWFM[I YMEU'> C57T5 RO[),C[YKHXFMWHL['CGOWH ??L['XO__ =MCTXMFWHCX>YMEU'WTPHQPHJRWOT3TCL[OQN;[IR[HWFM\)KHJ[KHT\)KHJ


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


YRHEUWHT3TX+[H5OQN;TUWH5OVTNVOQPHXPHTYMGHTX+[HKHCYOKHWYMEU'WFMCQEUOR)ORNRFMMWH/WPHJXMFWHL['CGOWH??TKHWKIJWFMQYHMFKHYHC[IJ__YMEU'WYMFCYOKHR)OCL\XFMWH>??=MYHYH__KHCYOKHWWUHCXOKHR)OHCTOXMFWHL['CGOWH??TKHWKIJWFMDHXFMQYHT5OX,V,QPHIECTOWHG,;QYHT5OXO__YMEU'QPHRWOSWHTCL[OCYOJ[,IECTOWHWFMX5GHWOQN;DHXWHWFML[XFMWHCXQPHIECTOWHCVOWHY)KHYMEU'>DH\WHXWH5F>YMEU'>DHXWHQPHTPHQPHJVOWFMT3SM[HWFMKHTZO[IXWHCEUOKHTUOQPH 5PHXUOL[' XWHYRH\WHX*MQPH TOCWUOX5> OQ'1YMI2HWFM TT+CQOCWUOWHRFMKHCWUOWHE,TUOW,JQFM;TOCWUO[*MQPHQPHJVL[KHZNLEOEUWHYRHEM5FCG>XWHCEUOKHTUOQPHQOTGHXNTUOW,JQFM;KICEUOKHTW[,EMGRHCEUOKHL\RHCGCXQPH??XWHEMGRHCEUOKHXNQYHQTO__YMEU'> DHXWHWFM LTKHXFMWHQPH5KJH QN,DMKH KHCYOKHQPH QN,YRHCWOKHWFMLTKHXMFWHQN[TOL\RHQ)OCXQPHYMEU'QPHTX+[H5OCQ[IQN;[IR[HWMFXPHT\)KHJCQ[IKHCYOKHWVONWOCL[OXFMWHQPH??TKHWFMKIGHT5ODNTKHXPHWFMHJWFRuWFMHXM[H[I__??KIWXPHWFMHJVXM[H[,WFMHXM[HCGYO[I__??TKHVXM[HWDOX,__??TKHZ)WHQ)O\FM;YOGHNZOYH__??ZOXMFWH[ICYOJTKHWQ)OCREUKHYHSMFX,KIZ)WHQ)O[IJTH__??E2CG1'QPHVYMFKHZ)WHQ)OEFMKHYOT=MYHDNTKH,7CEIKHWFMZOE,JL['T5)WHQ)O__KHCYOKH>TUWHRFQNKHVFTHTUOWU1HCLTOKHQ)OL['CGOWH??KIJCEIKHWQPHT5O5FYHTKHXMFEUKHKHXONX5PHJ__??TKH\OQOTKHL\YHL['CYOJKIJCLEKHT5OEUC[KH[FMTCWOKHDNXO__


KHCYOKHWVNX+FWHQPHX+FWHHCTOXFMWH>HCTOQ* TS*MEKHT5O[KH QN;WMFHW YCRQN, YRHCWOKH[TO XUKHLTGHR)O EMGHVM[HXFMWHQPHCXZ,Y)KHQNQPHVRFTHCOKHXWHGWH[MGHYRHSHJ5RHEMWFMXPH[RHX6YHXFMWHCQQPHYMEU'QPH PO\WHXWHZ,T5 IECTOWHWFM YRHEUWHC57THXFMWHCQOVEI KHCYOKH>XWHGWH[MGHTUOVOX*MX)KHJR1HQ)OCXQPHZFMR1HT5O[KH KHCYOKH> PO\WHXWHZ,QMF; CWUOWHRFTHIYRHXWH COWH5FXOWO YMEU'VOZMF5WHXFMWHL[GHQPHKHCYOKH> IQMFKHQPH QTFMWU T=MYH[, YTNZNLEOCG> CZOKHJL\YHEMYHEUEUWHTUOQPHTPHQPHJCGOT5Z)WHC[XOQPHWFMQFGHE,1HX5QPHQPHYKHTWGWHCT5OKHCQOQ*T2FIWFMVCT5OKHY)KHHLTKHGHEWHX5QPHCWUOWHRFTHIC5OKHJWFMQOVRFTHCOKHYGH[TOLTKHCG>YMEU'>DH\WHXWHCLTOWHYWHXOC[L['VRFTHCOKH IF[HTUO L\OZ)WHWO VM[HTFMQ)OCQOHXPH YMEU'> DWHXWHW IF[HTUO>VXHT5 ZFME)KHZ)WHQ)O> XNQYHIW)WHTUO /WOT5 YMEU'> 5PHXUOCQOXWHCEUOKHEMGRHCEUOKH5FQPHJ DHXWHW CLTOWHYWHXOQPH IW)WHTUO XUKHLTGHCQOHXPHYMEU'W[FMXFM;XUKHLTGHCGQPHYMEU'>XWHQPH[*MR*EMGRHTU-FCL[OKHX,L['CGOWHZGHWG,VQ*YRHEUWH /WOXFMWHL['IF[HTUOC[UOWHW)HQ)OCXQPHKHCYOKH>XWHZ,T5CWUOWHRFTHIQPHYRHWHQOWUGHCYOJ>KHCYOKHQPH YMGH;SMFKHLEKH VXU1HT5F[, YMEU'> XWHWFM EMYHL\YHXFMWHQPH QN> I5FGHT5OXUKHLTGH[IDFCYOKHEKHJEKHWQFMKHW)WHTUOZWH[FMTFMXUKHLTGHQPHQFM;OY)KHYMEU'WQN;XWHZ,T5IWU-FWFMKHCYOKHZ*QFM;[RHX6YHXMFWHL['L\RHCG>IWU-F>VXUKHWMFRO\),7L[TMFKHYMEU'>XWHVXUKHQPHTUWHCRJL\KJHTLTKHFMKHCDT5[H/WPHJCGQNVOX*M XPHTU-FC[IWHQ)OQ*WFM /WOXFMWHL['CGOWH KHCYOKH>QWHT,JEtOWFMH/W'X,WUQ)OQPHWFMLTKHXFMWH>ZFM;CGOWH T'VFTHVRFTHTUO LKFTHQ)OL[' CT5OKHVYF WUQ)OCXQPH [YHGHWUKH YRHEMX*MX,V[HWUQ*WMF/WOTYYHYFYHSFYHQ)O>[FGH[FYHCVOKHCT5OKHCQOVCT5OKHY)KHHVQWH5.Q*WFM[KHT/WOVYGH/WOCQOVEIT5C6TKHQONWUFW??CWUVCT5OKHZMQPHL[GHXPHYFYHSFYHQ)O>VCYOHWCX /WOCQOVEIT5 GYH[GH*M ROCQOWHSMFKHVY)KH T'VFTHYRHX*M XKHXO>T'VFTHWFM Z)GHP5FXFMWHQNT5O YMEU'YMF;5KHJ T[YHQWHCQO ROCQOWHQN YRHCOWH L\RHCXQPHQN,DMKH TCOWHXOT'WYPHW QNQPH ROCQOWHSMFKH VY)KHY)KH 5FCGL[' VLEOQNTUOZ)WHCL[Q)OCQOHXPHQNWZ)WHTCL[E,J[,L\RH[UWHQT3WFMLTKHCY)7XFMWH>QNQPH QWHXYH[FMKH V)H5FL[' VTNVOTUOW EGH;PO> ZFMXNW YMEU'WFM L[*-XUWH/WPHJXFMWHL['CGOWHEU'WU.XFMWHQPH??XWHYRH\WHXNQYHQTOEMGRHCOWHCWUOH/WOYOG,;P'[IC[YH__YMEU'W RO[),C[T5 YGOTUO5KHJ XWHGWHTUOWFM CWOWHNL['CGOWH VQOVO Z)WHE)OQ)OGH=GHL[KHXFMWH> QN;VO X5THCL[OXFMWHCQO RWOWFM T/WOXFMWHQPHJVXO TPHQFM;T3TYMGH;L[GHCEU??E2CG[I1'__=MQWHXYH[FMKHXNWX5THYOXFMWH>YMEU'WQTKHXPHL[GHX5PHJ/WPHJWO??TKHDHQNX,__=ML[GHCTXFMWHQPH??WU-[HGOTPHN[MCW)[I__YMEU'WCVRWHR)OHXFMWHL['CGOWH??TKHCOCQEUKHXFM;XO__=MCTXFMWHQPH??XNYRHCOWHWEKH$UOWFMCY)7EUKHXFM;\FYHXFMWH[IYH__??WU-[HWFMCY)7EUKHKHWU-[HS'WFMXOCY)7TH__??IC[THJQPHXNW__??DHQN[,L\RHL\RHCXWU-[HWFMCY)7EUKHKHWU-[HS'WFMXOE,JTHXFM;CL[OXFMWH[ICX\WHCZOWHL['XOE,JKH[FMCWOKHTHXFM;VXOYMGHT5OCX\WHCZOWHL['TXOEUKHKHVL[GHT5OCX\WHCZOWHL['L[GHTHXFM;CL[OXFMWH[I__RWOS*MQPH5KHJYMEU'WROCQOWHSMFKH>Z)WHC[IWHS'QFM;CX3OWHQ)O>N[MCW)WVL[*-T[UWHX5THCL[OXFMWHQPH EKHYMGHWXFM[KH 5FTHJEUT+ VL[PHJ5FCQO XN/W'XNCWOKH =GH[GHL\KHJCL[OXFMWH>??SOYM,7RWOWMF[1uTCLTOWHGIQEKH/W'WFML[GHCL[OL[XFMWH[IJTH__YMEU'> CLEX5THTUO EUWHEUKH [HYGH;Q)O> QFM;YKHTW QNQPH EUOWG, X5PHJXOCXQPHQN;TUWH5OQPHZNZNLEOLEORFYHX+[H5O[*MC[CG>??[1uTCLTOWHGIQEKH/W'=MYHXORGH;5THWGI/W'WFMCL[OYOXO__??T5GH[IYHQPHCXOWT5OQNXFMTU-FCGOWHZ[HGIYRHCWOKHT5F[IDN__


YMEU'WRFYHVOZWHQGHR)OL\KHJ??QNDHCGOT5OX,WU-[HDHWFMXOE,JTX,__??EMGRHX[MFKHSHJKIWHCG;=GHWU-FWGYH[GH*MROCQOWHSFMKHT5O5F[IXFTHJTH__EUWHEUKH[KHYMEU'QPHRFYHVOZWHQGHR)OL\KJH??WU-[HXOE,JTH__=ML[GHCL[OXFMWHCXQPH


V[FMKV[FMKV[FMKV[FMKHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHXWH5RHCEUOKHTFM[U*QNEFMXWH5RHCEUOKHTFM[U*QNEFMXWH5RHCEUOKHTFM[U*QNEFMXWH5RHCEUOKHTFM[U*QNEFM

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uOSMFXFMWHYHC[IJ__??VRRH[,KIJXWHQN/W)HCXWFML\YH[RHXFMWHY,JCGOWHKIJ


??YWHMFKH[IYHC[KISHTCL[OG,;C[EMGRHSHSMFKHX,VCT/W'[IDN__??[MX,WFMQPHVFTH/W'Z,WQ*G,;XM[HZOY,JVEGHZ,T5OZPHJZOYHV,QPHVEGHWX*MX)GHXMF;Q*T2F/W-YHXFM;CE/WYHC=OQPHVFTHT5OCROKHJCGY,JVCROKHJCY)WX),XFM;VZ,T5ODHQNT5T5FDNC[KISHLTKJHY,JG**WFMDHQNT5TYWHMFKHDNXFM;[FMKH5KHWY)WHZOYHCX__WMGHR)GHCLTOKHQPHQFEUKHRFYHWFMTZFGHZOMFKHCYOJ[,X6YHWG,CTXMFWHTFQPH??Q*T2F/W-YHXMF;CEYOV,QPHVEGHYRHEGHX*MWFMQ*L[OCY)G,;WOZOXFM;XO__??VRRH[, YRHEGHX*MWFM WOZOYOT5O L[YKHC[IWH CQCQCX YRHC[IWH[, 5FYHCXKHC[IWHXFM; CL[OKH [FMT5GHTH V,QPH CXKHC[IWHCXW YRHC[VWUH5FL[' WFMXWHTLTKJHYHXNYRHCOWH,7CEIKHL[.L['/WPHJM*CXOWH[,TH__??V,QPHCXOWHSMFTSMF[IDN__QFMKHCXOWT5 C[UOWHW)HQ)OQPHT5O /WOLTKJHX5L[' L\RHCQO VFMWU*-7[POWFM WMGHR)GHCLTOKHYRHCOWHYYHCGQCXO5OCEIKH/W'WSWHCL[OXFMWHQPH??TL['CQDN VEGHZ,WFM KHMFKHL['[,ZO T'E*CQYOWFM \)KHJ1'TH T'E*CQYOWFM EYHZOY,JCQOJECXOWH=O QOTGHT=MYHDN VZNL[-XM[HZOY,J CQOJY*G,;T5 \)KHJXFM;TH V,QPHCQOJTU-FWTOC[T5O YRHCEUOKH[,5FYH [FMKH5KHW CQOJY*WFM YRHCG;YRHEI CGOCL[OKHL[' 5WHZOYHDHCG;DHCGOT5O5WHZOTHT5GHDHQNT5/WF-TQFMFKHDN??VZNL[-XM[HZOY,J CQOJY*WFM Q*MYHSMFM*G,; V,QPHCQOJECXOWHWFM \)KHJXFM;TDNXFM;TCL[OMFKHCQ[IDN__5OCEIKH/W'WWMGHR)GHCLTOKHWFMCQEUOR)O/WPHJXMFWH>??TKHWV,QPHCQOJECXOWHWFMLTKH\NYHC[IJ__??TLTKH\N[IDNCXOWT5OCQOJY*5FY,JCQOJECXOWHT5GHQT3\)KHJXFM;YH__5OCEIKH/W'WHCTOXFMWHQPHWMGHR)GHCLTOKHWCTXMFWH>??TKHWKIJWFMT*MXFM;XO__??*M[IYH*M[IYHW,KICL[OROCYOJWMGHL['Q)O/WTH__??DHWFMQ)OTXFM;X,__WMGHR)GHCLTOKH> VQ)KHT5O EKHW5KHJTYN[, CL[OKHX,XO> CGOT5 Z)WHE)OQ)OGHY)GH;SMYHQXFML\RHCGQPH5OCEIKH/W'WQWHL[KHYRHEUWHEUXFMWHL['CGOWHE[HL\PHL\PHCL[OXFMWHQPH??KI TKHWFM CL[OL[YO QF[HTUOQ)OL[' YWHXFM; TKH QPHVFTHZ, KHL[' Q)OEFMKH KIJVY)WHTCWOKHL\RHTH QPHY*YMFKHWFM Y)HYWHKHG,; TKH L[-YHWUMFKHYH VCROKHJCY)W TKHWFM\THTFQ)OMFKHYH L[YKHC[IWHZ,WCG YMFKHKHG,; TKH CLECY)XWHCY) P[HQ)OMFKHYHCQOJECXOWHWFM\)KHJXFM;TL\RHMFKHYHL['[,ZOL[GHZ)WH\MF;W5FCQYHYRHEMEML\RHXFMWHYOG,;TKH,7 GOTPHZFEFMWHQ)OXFTHJTH XWH5RHCEUOKH TFM[U*QNEFM,7 M2HQFWuO ZFEFMWHQ)OKHDHCWOKHTX,__WMGHR)GHCLTOKHWCVRWHR)OHCTOXFMWH>


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uTCLTOWH GIQEKH/W'=O DHQN;WFMT5 VWU[HTWFMKHDNDHVOWFMT5VYKHV/W[HTXM[HEFMKH[IDN__WMGHR)GHCLTOKH> RFYHZ,Y)KH X+[H5OQ)O> QNQPH EUWHEUKH[KH L[GHX5PHJXOL[' VCXOY/W'L[GHCTXFMWHQPH??GIQEKH/W'=MYHXORGH;5THWGI/W'WFMCL[OYOXO__??QPHWTOC[T5OQN;XFMGICGOWHZ[HYRHCWOKHT5FMFKH[IDN__WMGHR)GHCLTOKH>TUWH5OY)KHTM*MFKHLEKH"RFYHX+[H5OLEKH"YMGHX+[HLEKHYMF;ZKH=[HCGQPH??GIQEKH/W'WWU-[HWFMCY)7EUKHYHC[IJ__??=MYH[IYH__??IC[THJ GIQEKH/W' DHT5OCGYH DHXFMQ)OXOX+[H5OYHSMFYO DHQNT5 TQFDNWU-[HWDHWFMQ)OCY)7T5OX,__


??EMGRHX[FMKHSHJKIWHCG7=GHWU-FWGYH[GH*MROCQOWHSMFKHT5OGIQEKH/W'5F[IXFTHJTH__WMGHR)GHCLTOKHQPHEUWHEUKH[KHQCDOYNXFMWHQPH??WU-[HXOE,J[IJTH__


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

ROTUWH5OY)KH+


V[FMKV[FMKV[FMKV[FMKHHHHGOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKHGOTPHCWUOHYMF;CY)7S*MLEKHYGHEUFGHYGHEUFGHYGHEUFGHYGHEUFGHYRHCZOKHCWUOWHD'XNYRHCZOKHCWUOWHD'XNYRHCZOKHCWUOWHD'XNYRHCZOKHCWUOWHD'XN

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


V[FMKV[FMKV[FMKV[FMKHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHEEEEMGRHX[MFKHSHJKIWHCG7XL[PHJPMGRHX[MFKHSHJKIWHCG7XL[PHJPMGRHX[MFKHSHJKIWHCG7XL[PHJPMGRHX[MFKHSHJKIWHCG7XL[PHJP

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


6[HWG, VQ*YRHEUWH /WOXFMWHL['CGOWH XN)H> XWHP-FQPH R)GH[KH> XPH[KHCQ)C/WOT/W'WFML\YHCYOWHXFMWHCXQPHR)GH[KHQPHVQ*YRHEUWHT3TZ)WHMFKHC[R)GH[KH> TUWHX*MTUO L[.Z)WHXOL['CGOWH YRHWFMHX*M SYHWG, YMGHQ)O> QN;YRHWMFHX*MT5VCQ)" VC/WOTUO [HSMFKHQ)OL['CGOWH TUWHPH" Y*CY)" CQ)" WUKH/W'" WUKHKHTUOVOX*MZ)WHWUXO>ZMF;CGOWHVQWHT5FCYOJCQOR)GH[KH>VYCDO/W'QPH CLTL[KHC[QFM; $MFKHWG,X,WUQ)OCXQPHYHM*RFTH5KHJXNKHQPHVFYHZ,T5XWHWFMKH[MIVL\.YRHZPHWFMZMYHNWOQN;XWHCEUOKHTUOWFMQMYHXFMWHQPHQNQPHR)GH[KH>VCXOKHWFMYRHEUWHWCXT3[KHCROKHK,J/WPHJLEKHT5FCEUCVOKH[),YRHCQOKH VOTE*XM[HKGH V\),7QOTUOQPH R)GH[KH> VCXOKHWFM /WPHJXFMWHL['CGOWHCVOJVGHEUKHRFYHTUO[U-F7YWHXO/W>QNYMF;QPHXNQYH\N/W"XNCQQPHWFM LTKH\N/WCQOHXPHEMW,JQMF; WUKH/W'WUKHKHTUO Z)WHWUWO CQEUKHSMFL\KJH CQQPHJ VL\RHWFM LTKHQPHJVEIYMGHX+[HCLEOWHLEOQ)O/WQPHYHM*RFTH5KHJXNKHQPHQN;XWHT5CQ)TUOWFMQMYH[RHL['CGOWHCVRWHR)OCTXMFWHQPH??EKH$UOYMF;TQ)OCQDNXO__ZMFXNKH> QFMKH[POQPH VT5GH[KH V*JEU'\)H CWOKHX5C[QPH QFM;OY)KH QN;RWOVYFMKHX5PHJL[GHQ)OTPH SMF[IX3KH CVOKH[),YRHCQOKH VOTE*XM[HKGHVCGL\KHJ QFMKHCXOWY)KHTUWH5OC\OHMFKHTPH T=MYHCEU WUGH\GHWGHQPH QN;VCGL\KHJ SM[HXPHRN" ROXPHNCQOVL\RHTU-FL\RHCGQPHWFMGOXPHXFMWHQPHZMFVEUFGHT5O[KH VOTE*V\),7QO5RH1'W Z)WHCL[GH =GHL[KHCGQL\KJH WUGH\GHWGHWX5THYOXFMWH> QN;RFYHZ,Y)KHTN VSF[HXNCQO ZTKHYRH[),WMF QFXUWH5KHJ ROTPHW,JQMF;E*ROXFMWH> ZMF;CGOWH QNQPH SMFKHVY)KHQFM; X5THCT3OH/WPHJ+XFMWHCXQPH ZFMVEIVX)GHZNLEOCQOVEUWHTUOR)O5FCGQPHWFMQNQYFL[-TFXFMWHCXQPHSMFKHZ,Y)KH XNC[IKHTUOR)O 5FCG> CGOX)YH YRHCGORO[KH T5FCEU ZFMXNTUOQPHRWOYCL[OCL[O5KHJROCQOWHCG/WCQOHXPHTPHQNWT3R)GH[KH>VCXOKHWFMX5PHJT/WPHJCEUQNYMF;5KHJTSMFKHQPHJVXOX)YHX)YHX[HX[H[KH5FCG>T3 CLTOWHLTOR)OCQO XNTUOWFM /WPHJKH5KHJ WUGH\GHWGHQPH YRHR*MYRHEM ZNLEOCGQPHWFMQYFZOXFMWHTFCXQPHQN;RFYHY)KHT5Y'YMFCL[OXFMWHTFQPH??QPHCXOWHTUOY,JXNCY)" DHQNWT5 CEIKHCSOKHCY)" 1'ZM[HCY)" IECTOWHCY)CSOKHTZODN__XNVOX*MQPH S*[KHTUOWFM Q[H[HR)O L\'QKHWO CWUOC[Y)KH L\GH;EUZO> XNVOX*MY)KHYNP'CQO VEUWHT5O CK)COKH/WF-TUOL\KHJ S*[KHWFM RPHC5OKHWO EIY)KHXPH CK)EI[YHTUO[YHZOLEKHWFMCY)7XFMWHQPHWUGH\GHWGHQPHVQWH5.GHCTJCXUOJQ)OL['CGOWHVQ*YMFMYFML\KHJCTXFMWHTFQPH??QPHWSO/W',7GOTPHWFMQFMFKH[IQXO__YHM*RFTH5KHJXNKHWYRHEUWHL[*-XFMWH>??WU-[H QEKH/W',7 GOTPHWFM TCL[OXFM[IDN YRHEMCYOJ CL[OXFMWHTH QPHROCQOWHSMFKH,7


VL[KHT5O QFMKHFM2H/W' EMGRHMF2HG,; QFMKHTFQORM/W' KIEMW CEIKHCSOKHCY) 5FCG/WYH

IC[THJ DHQNYRH1'YRHCOWHT5 QPHROCQOWHSMFKHZ,WFM KHXOROCQOWHE)KHJ T5FDNROCQOWHSMFKHZ,WFMCLEYRHX5THKH\MF;/WF-ROYOG,;CQTH__WUGH\GHWGH>Et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


V[FMKV[FMKV[FMKV[FMKHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHHGOTPHCWUOHYMF;CY)7S*MLEKHYFTHX6O/WOWGYHGIYFTHX6O/WOWGYHGIYFTHX6O/WOWGYHGIYFTHX6O/WOWGYHGI

GYH[GH*MROCQOWHSMFKH>VC[Z[H"VCWOKHS*MVEGH/W'VY)KHHQNZMFKHCG>QN;TUWH5OQPH L\.COHCGWOQN;WFMHEt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


XNTTO[*M C[IWHCGCQO XN)HQPH CXOWY)KH /Q QN;XWHZ,Y)KHWOV\*MVM[HZOCQOVL\.COKHC/W)


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tOWFMHQPHXU-FEUGHWU' C57QFM; COWHQ)OL['CGOWH DHXWHWFM R)GHWMYH[TO CW)WO XU-FEUGHWU'> KHWFMWMYHS),XFMWHCXQPHLECQ(JXWHQPHWMYHQFMKHW)WHQPHXNYRHCOWH>KHWFME),WO5X*MWFMW),C/WCRMFKHCXQPHXU-FEUGHWU'WEUWHEUKH[KHCDQFM;EMGHZ)WHXFMWH>QN;X+[H5OT+QPHYFWUL['LTGHSGHX5QPHW,JQMF; C5OKHZ)WHTPHWFM /WF-YKHQF5FCGQPHJVXO XGHZUGHTGHQPH YMGH;SMFKHT+T5F[,SWHXWHYFMWHEFMWHXFMWH> QN;DHXWHQPH SGH;Z)WHQ)OWO IQ)O[TO XU-FEUGHWU'>XPHTU-FWFMEMYHEUXFMWH>MYFQFMKHW)WHQPH[ZTQFMKHW)WHZWH[KH[FMTFMXUKHLTGHCQ>TPHT3XUKHLTGHQGPHSMFCQOHQFMKHW)WHWFMC5OKHYFTHMFKHQNT5FE,JR\NQFM; SMFQL\KJH [ZTQFMKHW)WHW C[UOJP*JQPH=M TSMFXFM XGHZUGHTGH VQWHCXSHL[PHJL['QPHJCGOWH LECQ(JXWHQPHWMYH QFMKHW)WHWFM ZMYHQ*MXMFWHYMFKH YRH\WHGHQNWFMVCQQYHMFKHE,JQPHEUPHL\RH>EMXPH XU-FEUGHWU'QPH LECQ(JXWHQPHWMYH QFMKHW)WHWFM C5OKHZ)WHMFKHE,JCQOHXPHXGHZUGHTGHW QN;Z)WHXTHWFM [FYHSFM;WO XWHICROKHL\KHJ EMYHEUXFMWHQPHJVY)WHC5OKHZ)WHROXTHT5FCYOJCEULECQ(JTKH XGHZUGHTGHQPH YYFW)WHCL[OKHWFM ZMYHQ*MRO TXFMT5GH VCQVEUO QF>

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


XGHZUGHTGH> XWHCTOKH CXZ,Y)KH YMGH;SMFKHQ)OR1HT5O[KH XU-FEUGHWU'QPH VEGHZ,T5EMGHZ)WHQ)O>NX*MW QN;XWHWFM SGH;YGHWO XGHZUGHTGHWFM YOS'XFMWHL['CGOWH XU-FEUGHWU'VOX5THCL[OXFMWHQPH??KHE,J__XU-FEUGHWU'W VEGHZ,QFM; TKHCQ[, CEUOKH/WPJHXMFWHQPH XGHZUGHTGHQPH NX*M>VCGOWH\WHY)KH CWUOWHY*MYRHY*M[TO LKFTHQWHR)O [HCGL[GHQPH EMGW TMGHYMFKH[TOYMFWHEMFWHE,JQPHT5OQNT=MYHQPHJVXO[KHXU-FEUFGHWU'WQYF/W'R)OL\KHJVEGHZ,QFM;X5THKHXMFWHKHWCL[OXFMWHQPH??WU-[HWFM RFYHKHROROCWOKHY,J CWOKHCXXMF; CL[OL[' QYH\MF; /WF-ROYOWCYOJTCWOKH[IDN$UO__NX*MWL[GHCL[OXFMWHQPH??TKHW WU-[HWFM XFTHYHXFM; CL[OYH T5GHYH WU-[H XFTHYH IC[THJ TKHQFZOT5OWWU-[HWFMXFTHXFM;TDN__??DHQNWXFTHXFM;X,__??TKHC[IJ__??WU-[HWDOXFTHXFM;X,EKH$UOWQOWU-[HWFMXFTHL['QYH\MF;/WF-ROYO__??XU-FEUGHWU'SMFY,JGOTPHWFMQFMKHCXOWT5OYRHEIT5T/WO\NDN__??WU-[HWGOTPHCWUOHT5T=MYH[,__??YMEU'" WMGHR)GHCLTOKH" 5'WU-* QPHXNCY) VOX*M=O QFMKHCXOWT5O ZFYHZFYH/W,YWHJZF[HQ'CY)[,QNYFM;CY)WFMGOTPHT5FY,JTKHWVL[YH5KHMFKHYHC[IJ__??GOTPHCWUOHCY)WFMQYH\FM;VY)WHGOTPH5F\FM;TXFM[IDNCX__??XFTHYO__??WU-[HVQWHQ*MSH5FL['WU-[HXFTHL['GOTPH/W'CVOKHXM[HYOSMFKHEKH$UOXN/W',7XWHEUWHG,;VEMGWCQCGCXOWHL['__NX*M> +YHETHY)KH VL[*-YRHR EFMY),XO> XU-FEUGHWU'> SMFXFMKHWFM QN CWOKHR)OGOXPHXFMWHCXQPHGOTPHCWUOHGHVY)WH TUOR)O VORFMWH> QFMKH[PO ZNE4GHGHVY)WH TUOR)O VORFMWH>5RHEMRX*M NMFKHGH TX)HWN[ICEU XU-FEUGHWU'VCGL\KHJ YRHEMWFMQO C)EUHL[' ZNE4GHCVOKHCXJWUKHJC[TPHXU-FEUGHWU'QPHQFMKH[POWFMQOYRFMWHTYHTYH CXJWUKJHE,JQL\KHJ GOTPHTCWUOHCQOHLKO QMFKH[POZNE4GHWOCG;Y)KHVQWH5KHJWFMHVMFROTW),[,5FCGLEKHL\RHQPHNX*MWXWHC57THWOQN;C57Y)KHZMFKHGHVEUWHL[XFMWHQPH??ZMFKH[I__


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


V[FMKHGOTPHCWUOHYMF;CY)7S*MLEKH

V[MFKHV[MFKHV[MFKHV[MFKH

WFMHJVQOWFMWFMHJVQOWFMWFMHJVQOWFMWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHHX5'GHQN;WFMV*MQ)KHHX5'GHQN;WFMV*MQ)KHHX5'GHQN;WFMV*MQ)KH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH



V[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHQ*QVWHQ*QVWHQ*QVWHQ*QVWH

LTKHJTOL['5PHXUOCQOC/WVWHE)WHTUOQPHLTKH*ML\KHJ[KHVCWOKHROVWHE)WHTUOL\RHC/WOKHQFQOC[QPH E)WHZ,T5 VWHQPHXPH VCWOKHYWOJ VCWOKHS*M 5RHEU-F7VWHL\RH>YHM*RFTH YHZOCQOXN/W'QPH VWH CLEOWHE)WH K5,;XFMWHCXQPH NX*MW VWHE)WHTUOWFMXWHL[XFMWHKHWCL[OXFMWHQPH??TKHWXNQ*MCOWHXM[HTHJVXM[HWFMXM[HTHJXNSMFCYOJXNQ*MCOWHROCQOWHC[CYOJ__XU-FEUGHWU'WTHCLTOWHTHQOXWHE*XFMWHQPH??YWHCWOKHY,JVWHSMFKHVCOWHQ*MSHROCQOWHMFKH[I,7__XU-FEUGHWU'QPH VCL[OQTOT=MYHC[ VCQOWHQTO L\RH> QNQPH VWHCLEOWHE)WHWFMYRHE)WHL[' YRHE)WH CTOJCQOWHXFMWHCXQPH V5RHQ*MSH/WO QFTHSPHZOCQO5RHEU-F7VWHTUOL\RHQL\KHJVX)GHYOCQOWHCWOKHL['CQOWHY)KHXFMWHCXQPHQOTGHVEUFGHY)KHXU-FEUGHWU'QPHVWHVX)GHCQOWHMFKHQNYRHCOWHL\RH>QFM;OY)KH TPHT3 VWHCQOWHMFKHQN[KH L\RH[ICR VQPH> CEU\UWHMFKHR)THZWH [FMTFML['CQOWHTFX3KH]WGHTMEUTNTPHQOL\RHQPHYRHE2EUKHT5O[KHXU-FEUGHWU'YRHCOWHTNWOZFMKHE*MC[T5L[-YHWUQ)OCYOJ>NX*MQPH XU-FEUGHWU' TNX,Q)OQPHWFM LKFTHQWHR)O /WPHJCGCXQPH LKFTHQWHR)OCROKHJ/WPHJCGQPHT5O YOZMFKHCGCQO DMGHCYOH/W' YRH[IW,JQFM; RN5R)O /WPHJXFMWH[*MT5OXU-FEUGHWU'YRHWFMHX*MWFMC\OWHZ)KHCYOJTYYHVEUFGH/WOLTKHJR)O/WPHJL['CGOWHNX*MWCVOHCL[OXFMWHQPH??QN;WFMCTRTH__XGHZUGHTGHW MYHLEPH EMGHZ)WHXOL['CGOWH XU-FEUGHWU'WFM MYHT5 WFMKHS),WO TNXFMWHL['TUWH5OC[WFMVWHTUOCXOKHEUXFMWH>ZNLEOR)O[KHXU-FEUGHWU'>TUWHX*MTUO[)KHJXOCXQPH[IR[HZ,QFM;CXOKHEUXFMWHCQOVWHQPHXNWFM TNCRYYHCQOHXPH 5OCEIKHZ,QFM; KHQ)OCQO VWHT5OWO XNWFM TUWHX*MWUHCRYYH>??TKHGOTPHDHXFMCEQX,__XU-FEUGHWU'QPH TUWHX*M [)KHJXOCQOHXPH VTNCL[CQQPH T=MYH[IVOCXX3OCXL\KHJ QNWCL\XFMWHQPH??WU-[HGOTPHXU-FEUGHWU'__??TKHDHGHWXOYOX,__??WUGHGGHGHGHXMCWU)O__


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


V[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHTNEUKHCOKHCSOKHCQOVWHQTOTNEUKHCOKHCSOKHCQOVWHQTOTNEUKHCOKHCSOKHCQOVWHQTOTNEUKHCOKHCSOKHCQOVWHQTO

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


TKHC\WQWHL[KHYRHEUWHEUXFMWHL['CGOWHL[GHCL[OXFMWHQPH??KITQYHMFKHXFM;C[IJ__??EKH$UOWQYFCWOKHM*YKHTW[)KHJ[)KHJXKHXKH5FQO[,__??KIJT5OQYFWX),XFM;DOT5T5FDNQN;WFMDOT5TXM[HMFKHDN__??ZNSGHXMFWHYO__??DOWFMZNSGHYOX,__??EKH$UOWFMNX*MWGHT5ODNXO__TKHC\W=OYMFWHHCTOWOQCOHXFMWHQPH??=O=O V,QPHCE)TQOWMYHTOM*YKHTWCWOWHXPHCWOWHWURHYHWU-[HYRHEMEML\RHQ)OYOG,; XNCY)W QN;WFM VL[RHYKHT5O RMFFTHYHCX XNCY)VLTKHT5O GOTPHCWOKH\MF;WU-[HVC[T5O QCDOZO /W'L[CGYOC[IJ IC[THJ QN;RFYHZ,T5OCYOJ WU-[HWFMVT+GH;/WFYH[RHEUKHT5O[,VXWOCWOKHVKHTYGHCWOWHWURHY,JCE)QO__??YWHWCYOJ V,QPHCWOKHWFM CE)TQOXMF; S,YO CE)QFWu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


??ISMFKHDOWFREKH$UOWQN;WMFQPHCXOWHTMGHCGYOX,__??DOXFM;X,SMFCYOJNX*MWCE)TQOTFM;XFM;[,__XU-FEUGHWU'WCEYT3YMGH;SMFKHQ)OL['CGOWHCL[OXFMWHQPH??YWHWCYOJQNWCE)TQOXFM;TCEZMFWH[IDN__??=O=O TKHCL[OYO =MYHYH CE)XFM;CEKH CE)QFWu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uC[YYHY,JXNTU-FCYOJT=MYHDNQNWWU-[HWFMQPHXFMXM[HYHSMFYOVC/WOKHYRHEM5FXFM;L\RHTH__TKHC\WCVRWHR)OHXFMWH>??TKHWQN;WFMQ)OCY)7L['CYOJTKHWFMDOL\RHXFM;QPHXFMXM[HQX,XMF;CTEUKHCQXFM;XO__??WU-[HXPHV,IWFM[,R1HROCGYO__TKHC\WQN;VO)*5ORWHSM[HR)O/WPHJWOCL[OXFMWHQPH??Q)ORTH TKHXMF VT5YHT5FY,J CE)QOTU-F CQKHCYOKH KI THTGPHDN VEMEUWHEUKHZ)WHQ)ORTH__TKHC\W XU-FEUGHWU'VO Y*EIT5 Z)WHQ)OGH S,CYMFKHZ)OL[' CL[OXFMWHCXQPHXU-FEUGHWU'QPH RWOYRHE)GHT3 Z[HTCL[OCYOJ[, CEIKHKFMWHRFMWHEUWO TKHC\ P6GHL[CQO Y*EIT5


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


??V,QPHCYOJWU-[H,7CGOWHC/WOKHO


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


V[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHXNTTO5KHJCSCQYOXNTTO5KHJCSCQYOXNTTO5KHJCSCQYOXNTTO5KHJCSCQYO

VWHTUORO[),C[Y)KH5FQPHVSKHQKHJL[KHWOE)WHVL[PHJVWHTUOK5,;ZOL['QOL\RH>NX*MWVWHYRHE)WHWFMCWOWHWMFKHWOCL[OXFMWHQPH??DHQNG,;T5 E)WHEUKHYMFWHL[' VWHTCQOWHL\RHYO VCYOH/WOE,JL[' QPHWCG;CYOJ TKHVY)WHWU-[HQ*ME)WHCQOWHTH__GIQEKH/W'Z*T5 W,JQMF; EU'WU-RWOTU-F /WO\FM;T5O X)HWNCQO WFR T=MYHCEUXU-FEUGHWU'QPHTOGHXPHTYWH"1'XPHTP6YHTFCRGHQN;WFMHQNTGPHZFGHZO>NX*MQPH[ZTS*MVWHE)WHWFMCTOJCQOWHXMFWHL['CGOWHCL[OXFMWHQPH??QPHYRHE)WHW WU-[H VTHC[UOHY,JVY)WH CQOWHYO TKH=O QPHWFR/W'WFMR)THCSOKHMFKHTHXFM;WU-[H*M/WPHYH__??VR)TH5FQT3/WF-RO[IJTH__NX*MWCXGWHR)OCL[OXFMWH>??QPHWFR=OVC/W'M*YKHTWVOHXPHTUOYHVTHXPHXU-F75WHTHQPHWCG;X5PHJ\UORRHCSE,JYOCY)=O TKHWFM WU-[HW T*MXFM; T=MYHDN TKHW WU-[HVY)WHVXM[HXM[HC[CGYHSMFYODHQNT5QFXFM;TL\RHY,JVY)WHC/WOKHJ[,__XU-FEUGHWU'WLKFTHQWHR)OGOCZOKHCG>NX*MWSWHCL[OXFMWHQPH??VTUOVLTKHT5O TKH=O WU-[H,7GHQN T5YHZOCGOH TKH=OWU-[HVY)WH VXM[HXM[HC[CGYHXFM;XNCY)QFXFM;TL\RHDNXNCY)VLTKHT5OTKHWWU-[HWMFVTHTMGHYHWU-[H=OTKH,7GHQN__QPHT5O GHL\RHEUKHCOKHCSOKHL[' VTUOVLTKHWFM X5PHJROLEKHL\RHQPH WFMHJVQOWFMHX5'L['GHQN;WFMV*MQ)KHLEKHXPHL\RHQPHXU-FEUGHWU'WL[GHCTXFMWH>??ISFMKHXGHZUGHTGHWFMCYOKHT5VQFTC[DNC[IJ__NX*MWCEIKHPFYHL[XMFWH>??QPHWFRWFM QFY,JXN GPHCXCX TKHVY)WH VOH GPHCXCX V,ISFMKH WU-[HYFM;VY)WHCVOKHLTKH\FM;TUOCXCX[,__NX*M> RWOWFM GOCZOKHLEKHVOL\KHJ WFRWFM QFQNT5O QNYMF;5RHCOWHVL[KH VEGHZ,5FVRFTHCOKHYHV\FMVMF5KHJVEGHVL[KH\WHT5TKHC\QO5FC/WOKHGOXPHXFMWH>NX*MWSWHCL[OXFMWHQPH??QPHWTOT5OWU-[HVY)WHGHQNSMFYOT5FQXFMTFYHCS)SFMYOX,T5FDNXFM;VKHWCL[OE,J\NYH__XU-FEUGHWU'WCEIKHPFYHGHE*XFMWHQPHZMFRWOWFMNX*MCL[OE,JT5GHQNCQEUOR)OT5YHTF[IQPHNX*M>TUWH5OQPHVX)GHYOGOXPHEWHQ)OL['CGOWHCL[OXFMWHQPH??V,QPHRWOW VL[PHJV TT5GHDN WU-[HT5O TFYHCS) YRHCOWH5FYH GHQNYRHCOWH


5FYHL['CYOJWU-[HT5O XU-F75WHEUWHTUOWMF CTLEKHL\KHJCWOKHCQOXOHTPHT=MYHCEUT3QO CL[OL['CGOWH NX*MQPHXPH LKFTHQWHQ)OL[GH> NX*M> [IR[HTUO YKHYKHCRJWOTUWHX*MTUOXPHT5FYHQ)O>QNQPHRWOXPHTCL[O"X+[HXPHTX+[H5OCEUVEUFGHVYGH/WOLKFTHQWHR)OZMFKHCGL['T5QN;TUWHX*MTUOT5FYHXUWHW[KHCTXMFWHQPH??WU-[H,7QFMKH[POWFMTKHLTKH\NQXO__??=KHJVKH__??/WOCO/WO\NQXO__??T/WO\N[IDN__


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


GIQEKH/W'NX*MQPHTFMCVOWHCLTL[KHYRHX6OZKH5OX5CQOQN,CWOKHL\RH>CSOKH1'CTEU.=GHC[IKHQPHQPHWTOY)KHVCWUOH/WOS*MTFGHTCEUOL\RH>XU-FEUGHWU'QPH CSOKH1'CTVC/WOKH QYKHC[IKHTUOR)O" CWOX=OXC[IKHTUOR)OWFM/WOE,J\NCXQPH /WOE,J\NQT3 VOX*MT5OXPH CSOKH1'CT> CEUO[*M" X5[*M" XFTyOCLEO5F[*M"ZWHLTWH[*M"1O2HCWOKH[*MRQL\KJHVCWOKHEUPHQOL\RHQPHQMF;OY)KHCSOKH1'CTWXWHZ[HNQPHJCOWHUOSMFT/WOE,JR\NC[CSOKH1'CT>VEURHWFMGH /WF-ROKH QNT> CLEKHH QN,CWOKHTUOR)O WU+*E,JQPH QFM;L\KHJ QNTQPH?VQPHW),C'_=MVTPHY)KHXOE,JQPHQFM;CQOTFGHTYRH1'QPHNX*M> TFYHCS)XPHL\RH" GHQNXPHL\RH"


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


??CYOHCYOHGF[HY,J=OWCXCY)[,__??QNYMF;WFMXFMEUKHKHTKHCEQ)OMFKHYH__??WU-[HT5OCK)5FYHCK)5FKHTFGHTXFMQCXOWHMFKHYH__??T5GHYH__??DOL\RHXFM;V,QPHCLEOWHCOWHWFMZ[HCET5OX,CGOWHZ[HVQRHWCXCY)CET5OC[IJ__


V[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHV[FMKHWFMHJVQOWFMHX5'GHQN;WFMV*MQ)KHWOCTQMWU.X)GHLEKHWOCTQMWU.X)GHLEKHWOCTQMWU.X)GHLEKHWOCTQMWU.X)GHLEKH

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


XU-FEUGHWU'YRHCOWHGYH[GH*MROCQOWHSMFKHZ,T5Z)WHXOCQOVEICGT)GHYPHJL['L\RH>QNQPH CK)QO5RHSH VWMGHE* GYH[GH*M ROCQOWHSMFKH> CRUV/W'S*M ?YGO5RH[I_=KH[),VOX*MWFM T5OL[' RO[),VL[PHJEUWO ZMFKH/WPHJE,JQPH ZMF;CGOWH CK)QOYRHO;5RHSHWFMRO[),C[[RHEUWOZ)WHXOE,JQPHXU-FEUGHWU'QPH RO[),VL[PHJ YGO5RH[I =KH[),TUOWFM /WPHJM*QO/WPHJE,JQPH YRHXM[HT3TROE,JCEU XNEUTHQOTUOQPH =KH[),TUOWFM ROGHVY)WH T=MYH[, /WPHJGHVY)WHQOT5OYYH/WQXFMQNQPHXPH=KH[),TUOWFM/WPHJM*QO/WPHJL['Z)WHXOE,JQPHW*CWOKHCZOWHTL[' ZFMPYMGHW CXOKHWROXM[HOY)KH VGPHKH +*Q)OE,JQPHQPHJYMFKHCVOKHQN;VFYHZ,Y)KHCK)QOEMGRHCQOKHYGHXWHT5YHTUO5FCGCQQPHCK)QOKICQOKHWFMSHWHVY)KHWMGHCVOKHQ*MR),GHT5OX)HWNCQOVXM[HT=MYHC[CSOKHVWMGH C)VWN OQ'1YMQPH YRH5RHX*MY)KH VQOOS*M" /WPHN\)H VCWOKHS*M"VXGHSGHS*M L\RHCXQPH OQ'1YMQPH L\PHL\PHEUKH [NC)XOEUFGHY)KH ZFMC\OWHXOCQOCGTKHVXKHCOKHYMF;WRFYHWFM/WPHXKHCR>XU-FEUGHWU'QPH LTF-7VL[KH\WHQFM; CLE1'X5PHJXFMWHQPH SKHCLE\*M\WH5F CXMCVCXWFM E*ROKHVFYHZ,T5CK)TUOWFMDHXFMWMGHCVOKHQ*MTPHWFMR1HROC[1'TPHXU-FEUGHWU'QPHXTHY)KH [HWO LTKH5RHCWOKHWCQO ZOX*MYRHX*MWFM HXMFWH>ZFM;CGOWHLTKHX5PHCTOKHGH XNYRHCOWHWFMXPH YRHCG;RO K5OXFMWHQPH CK)QO YRHCZOKHJKIOQ*ML['CGOWH X)HWNR)OL\KHJ QN;XFMVKHS}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


T[FMKHSMFKHE,J\NQPHT5OZKH5OX5QPHZFMR1HT5O[KH TFGHWCXQPH VGOW[HXOL[' X5TH/WPHJXMFWHQPH QNT QPHXPH CK)Y*MWFMCKC/WOKHWO/WPHJCGTFCXQPHC6CK)TUOQPH XNTUOWFM S),CSOKHMFKHR)TH5FCXQPH QNYMF;QPH XNYMF;> R1HROSKHLEKHMFKHR)THWFMYMGH;SFMKHQ)OCRQPHXU-FEUGHWU'WHCTOXFMWHL['CGOWHXWHC57THXFMWHCQOVEIZOCTOKHQTOQPHCQYO/W'CXX*MWFMYRHX*MR'NXOL['CGOWHQNYMF;C57Y)KHEUZOXMFWH>??CK)Y*MYRHY*MYRHY*M=O CK)QOKISHYGHYH C=OQPH CQYOYRHX*MYRHX*MT5O CK)Y*MQ*MOR' [IYH CQYOCXX*M C[IKHXMFWHKH CK)Y*M YRHCZOKHJ5RHO 5FYH CK)QOCLEOWHCQOKHYGHYH__COWHUOXM[HQN> TUWHX*MTUO L[.WUHQ)O> TFGHWCX> TUWH5OWCX G',Q)OWOVQWH5.Q*TUO LTGHSGHXOQPHVEURH1'WFMCY)7XFMWHQNTUOW,JQMF;5X*MEMGHQ*TUOVCOKHCOKHVT5OT5OL\RHQ)OCXQPH??EKH$UOQPHCK)CY)WFMXFMEUKHQXO__COWHUOXM[HQNWXU-FEUGHWU'WFML[./WPHJWOCEIKHPFYHL[XFMWHQPH??EKH$UOXMFEUKHKH QPHCK)CY)VOX*M EKH$UO1RO[, CQYO5RHX*MWFM LTKHX5PHC[YKHL['EKH$UO/WF-WHY,JS'WFMQ)OMFKHYHEMGRHWHCGKHL[GHXOE,JEKH$UO/WF-WHY,JS'WFMQ)OMFKHYH__XU-FEUGHWU'QPHTFGHWCXWFMX5TH/WPHJKHWSWHCL[OXFMWHQPH??WUGHY,J CQYO 5RHX*MWFMCYOJ QPHW EKH$UO TFGHTG,; ZOE,J EMGRHWHCGXMF; EKH$UOL[GHXOKHQPHCQYO5RHX*MWFMXPHEKH$UOTH__COWHUOXM[HQN> TUWH5OC[Y)KH CE4Q'CE4C[IWH/W'TUO WUXOL[' TFGHWCXVOX5TH/WPHJXMFWHQPHTFGHWCXQPH QN;VO /WPHJTCG[I QNTQPH CK)Y*MTUO ZPHJZOCQO CQYOTUOWFMQORFMWH/WPHJCG>COWHUOXM[HQNQPH+YHETHWFMX3OL\KHJQ[HWOCTXFMWHQPH??TFGHTTKHDHXFMZKHQX,__TFGHWCXQPH +YHETHWFM WFMWHWO SYHWG, X5PHJL[' VFTHZ, L[GHKHQ)OCYOJQPHCOWHUOXM[HQNWVZFYHZFYHVL[OL[OL\KHJVCGOWHT5XFMWHQ)O>QFM;CQOH CCTQ)OL\RH[I XTHYRHWHT5O[KH X5PHJL[GHXOCXQPH CK)Y*MTUOWQN;VOS),KKHZO>XU-FEUGHWU'WZ[HCL[OXFMWHQPH??EMGRHWH[,EMGRHWHSMFYOQF[HT/WO[IDN__


ZFMXNQPH CQYOYRHX*MWFM \)KHJWO CK)Y*MYRHY*MWFM CWOWHNL[' WFMWH/WPHJXFMWHQPHCVRWHCQO CK)QOY*M> VZFVCY)7QPH CK)QOVRRHL\RHC/WOKH ZKH5OCRQPH QNQPHXU-FEUGHWU'> RWOS*MCVOKH GOTCZOKHCYOJ[, CQYOYRHX*MWFM TMFKHJYRHMFKHTWO LTKHX5PHC[YKHCXQPHZMF;CGOWHMYFCQYOWFMQHNGHVOT5FCYOJQL\KHJ LTKHX5PHSOWQN;VOWNP'QPHCK)QOVL[PHJ[ICQO CQYO5RHX*MWFM LTKHX5PHC[ YKHL['CGOWH C=O=,SMFWHCGCQOCOWHUOXM[HQNQPHLTKHX5PHSOVOCXOCSOHXFMWHQPH??LTGHLTGHCTOKH LTKHX5PHWFM LTGHLTGHCTOKHRTH[I COWHEUKHOCOWH CTOKHQOCTOKHCCCOWHCXCWOKHCX[,__XU-FEUGHWU'WVQ*Z)WHCVOKHHCTOXFMWHTFQPHLTKHX5PHW V5FGHL\KHJ CTOKHZ)WHQ)OQPHWFM XU-FEUGHWU'W /WPHJCGL['T5 WUGHE,JCQOCK)CQYO5RHX*MWFM VFTHVY)KHQFM; C67XFMWHQPH ZFM;CGOWH VFTHY*EIWFM [FYHWO VY)KHT5TKHYM[HZMFXFMWH>VFTHVY)KH\WHQFM; X5PHJ/WPHJXMFWHCQOVEI VF[HEGHY*EI [)KHJXUWH5FQPHWFM CY)7XFMWHQPHEGHS'WCXUOJFCXUOJ,YKHXUWHQO5FQL\KHJVY)KHQFM;LTKHMFKHCXQPHTFGHWCXQPH VF[HOC[Y)KH ZFMKHXUWH5F> QNT> TUWH5OQPH G',CGL[' +YHETHCXWFMWFMWHZOQPHXU-FEUGHWU'WVEGHY)KHQFM;X5THKHXMFWHKHWCTXFMWHQPH??TKHDOCY)R1HROCGYOX,__??CQOWH1'C5OWHWFMT5FDNCXOW/W'T5OQPHXFMTU-FXM[HYO5KHYRHCOWH[,5FYH__XU-FEUGHWU'WEIQ'R)OHCTOXFMWHL['CGOWHCL[OXFMWHQPH??VEMGWCXW[, KI R1HROCGYO =N)FVO [IR[HW Z)WHXOTHJ [ZTS*M RWOX*M=O?CQOWH_L\RHT5L\RH[IJTXOXFM;__


V[FMKHGOTPHCWUOHYMF;CY)7S*MLEKH

V[MFKH

WFMHJVQOWFMHX5'GHQN;WFMV*MQ)KH

V[MFKHV[MFKHV[MFKHV[MFKHXTHP6GHL[QLEKHXTHP6GHL[QLEKHXTHP6GHL[QLEKHXTHP6GHL[QLEKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH

V[MFKH


V[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHXTKHCQOHYOXTKHCQOHYOXTKHCQOHYOXTKHCQOHYO

TFGHWCX>VTPHQPH=N)FVOL\RHQPHT5OZKH5OQPHQNTWFMXU-FEUGHWU'QFW4THL['L\RHQPHT5OXPHZKH5OX5QPHQFM;SMFX3KH DTUWH5OWEUWHEUKH[KHCL[OKHX,Q)OL['CGOWHCXGWHR)OCL[OXFMWHQPH??NX*MSMFY,JCWOKH/W'WFM V*MQ)KH\FM; QPHXFMXM[HXFMWHYO QN;TUWHCRJZ,T5O TQW(OROX*MT5F\FM;XFMYHQNWVTHYGHEFMZ)OL['CGOYWOT5OQN;XNCY)5FYH__??DOCL[OYH__??XTHWCGKIK5OXOY,JLTKHX5PHQTOWXPHQN;XN[,__??5KHDHXFMQFQX,__??YWHJ LTKHX5PHQTOSMFKH CK)QOVL[PHJ CQYOCY)WFM CY)7KH =GHCSOKHMFKHT5O T=MYHDN

IC[THJ KIJ,7 LTKHX5PHSOWCYOJ X5PHJCYOKH T/WPHJDN DH/WPHJTX, NX*MG,;VXM[HXM[HQNYMFKH=OQPHCXOWHCK)[TO2WFMT/WOE2LTKH\NY,JXNCY)EUPH[,__TFGHWCXWCEYT3LKFTHWOR1HROL['CGOWHRWOXTHC/WOKHCL[OKHXFMWHQPH??5KHVTHC[UOHCGYH/WOYH__XU-FEUGHWU'WTUWH5O+*7T,JWOCL[OXMFWHQPH??QF[HC[UOHROCWOKHYO[,QPHT5O/WPHJKIJ5OCEIKHWUM-FQ)OYH__??TFGHWCXCY)G,;C[UOH[IYO[,YGH[IYHCX__XU-FEUGHWU'WQWHL[KHEUXFMWHL['CGOWHCL[OXFMWHQPH??V,QPHTFGHTCY)YRHCOWHT5TKHG,;51HXMF;TDN__??CYOHRTH[IW4GHTWFMXOX5FTHJTCGG,;QPHWFRTL['L[YHTEUKHW4GHTWFMZF\FM;TR1HROG,;__


??ZFCYOKHTZFDNXO__??TDN QPHCG;WRL[' W4GHTW WMYKHC[T5O VF[HTH 5KHW /WTHC[T5OVF[H P\WHT5OYFYHYFYHWCX WMYKHC[ YWHXOTH SMFKHCYOJ W4GHTW NX*MS'Q)OL[' 5KHJVC/WOKHCY)VWMGHC\OH[RHTH__??TKH=OXNT=MYHDNK,L[PHWX)YHXOY,JQ,T__=N)FVOWSPHXPHQ*CXXFMVQ*X)KHX)KHCXL\KHJHCTOXFMWHL['CGOWHL[GHCL[OXFMWHQPH??5KHWCO DOZNXFM;X, TFGHTXFMWHROY,J Y25ON/W' QPHT5O ?EUGHWU'_ SMFYOXTHTWUH/W'SMFKH ?)FVO_ SFMY,J W4GHTW XTKHCQOHYOXMF; CEYH XTKHSMFYOXTHTWUH/W'CY)WFM VXKHCOKHC[YO XTHTWUH/W'CY)W XTKHWFM DOT5XM[HXFM; TDNT5YHZO__??TKH=OKIJ,7XWHCZOWHXM[HCGYOZNSGH[IYHCYOJT5YHQO__)FVOWQNT>CEIKHWCXWFMCROKHWOEURHR\)HCL[OXMFWHL[GHQPH??W4GHT=OYGHEFM5KH=N,7QT'VKHTYGHZWHLTWHL['CEUOCTOX5[CQOXTKHWCX=N)FVOTQFYOT5F=N)FVOTXM[HYYHYOT5F=N)FVOTCL\5KHFMKHYOT5F__??=MYH[IJTKH=OCYOHXPHCYOHYHYYHXPHYYHMFKHYHCEUOXPHCEUOYH__=N)FVOWFM YYHMFKHQPH=M CELEKHT5O GPH[KHGPHCQQPH YGHEFM5KH =N QPHQFMKHCXOWYRHE)KHWFM\FGH;\FGH;YMGHCRQNYRH1'T=MYH[IXOYGHEFM5KH=N>VTPHWFM /WOM*L\KHJ[KHC/WOWHNYMGH/W>)FVOWXPHL[GHCL[OXFMWHQPH??W4GHTWXPH ZNSGHCGYO VC\W CL[OYH 5KH YRHCOWHW[, NX*MWFM KHSMFKHMFKHTHW4GHTW5KHJWFMWNP'THSMF[,__XU-FEUGHWU'WHCTOXFMWHQPH??IC[IJ WU-[H,7 QMFKH[PO VSKHJVYGH" 1O2HPH1O2HCQ)G,; XM[HPHWFMKHPHWFM /WPHJL['CYOJV\MF/W'W QCDOWUQ)OYOC[IJ WU-[H=O DHCYOJT5 T/W)OIE,JXFM; DHQNT5 WU-[HVC/WOKHTQFC[THJ V\FM/W'WCYOJ QF[*MYH WU-[HT5O VOGPHEUWH GPHGPH[I[I 5FC[THJVOQOEUWHCY)VTUO/W'5FYHXFM;TKHVC\WFMHYMFKHWU-[HWFMCL[OXFMWHYO[, /WPHJYOWU-[HWFMQOTWHCYOHEUKH[*MYH__TFGHWCXW+YHETHWCXWFMCZOHWOL[GHCTXFMWHQPH??5KH=OCYOHCYOHVCL[O/W'YO[,\KHTMFKH[,[,/W'=KHTRO[IG,;__CL[OL['QPH5KHJ QNTW =WH=WH[WH[WH HCTOXFMWHL[GHQPH HL['CQOVEI QNTWCTXFMWHQPH??NX*MG,;CY)7L['[XO__??CY)7L['L['5RHEICYOKHCY)7XFMWHYH__??ISFMKH DOL\RHXFM; QN;WFM T\THXFMWHYOX, QPHCXOWHCWOKHY,J VE)KHJVC CGOWHZ[H[IJTXO__??TKHXMFTU-FKY*MCY)[,V,QPHXFMXM[HTHKIQOQN;WMF\TH\FM;/WF-ROKHCQYO/WOL['__


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


XU-FEUGHWU'>RWOWEUWHEUKH[HYGH;Q)OWO=N)FVOWFMC[)7\WHXFMWHCXQPHXU-FEUGHWU' W,JQFM; C[)7\WHTPH=M TPHQNWT3 TZKHT5YHZOCEU =N)FVO QPH[KH TCY)TFCEU=N)FVOQPHMGHKHWGHKHL\KHJCVOH=RHXMFWHQPH??Y25ON/W'5ODN/W'__QNT>+YHETHCXWFMXU-FEUGHWU'WGTHRM[HXFMWHCQOVEI=N)FVOYRHCOWHLKFTHWUQ)OCXQPHEMCYOJQNT>5OCEIKHT5PPHQ*CXTUOQOZ)WHXOMFKHCYOJQPHPPHQ*TUOWFM/WOXMFWHQNYMFKHVCQ)VQOTUOSOCXOKHXOMFKHC[QPH=N)FVOQPH MGHXFMWHWGHXFMWH ZMF5WHXMFWH XM[HCGCQOHXPH TZFCOWH[ICEU QNT>XWHTUOWFMXU-FEUGHWU'WEU-[HZOQL\KHJX+[H5OEUKHYMFKHTX+[H5OMFKHCEUQNT>TUWH5OCXQPHXPH,,G'WOYRHWFMHX*MXPH[NCXOKHCGQPHWUGHTOQGHR)THCQO TFGHWCXYRHCOWHQPH RFYHZ,Y)KH /WFYHL['5RHQWHCGCQOCOWHUOCXYRHCOWH> KHE)KHZ, COWHCGX3KH TPHQFM;5FTPHGPH =N)FVOQPH ZMFW,JQMF;[KHE*ROCG>ZMFVEUFGHT5O[KHMGHWG,VQ*YRHEUWHWFM/WOXFMWHL['VFTHY*EI[)KHJZ)WHQ)O>XNYRHCOWHQPHLTKHR'RRHQN,YMF;WFMKHCXJ5FCQOW)THYMFIT/W'WFMWFMKHWOKHXO>ZNSGHQPHT5OZFMXNQPHLTKHX5PHSOL\RHCGCXQPH


V[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHV[MFKHXTHP6GHL[QLEKHGIWFMCYOHX5GHQNGIWFMCYOHX5GHQNGIWFMCYOHX5GHQNGIWFMCYOHX5GHQN

XU-FEUGHWU'QPH =N)FVOWFM GTH+[HCGLEKHWFM [HXFMWHQPH QFM;CQOH QNTWFM C[)7\WHZOS,[KH5FCQ>LTKHX5PHSOQPHY*EIY)KH[HWOQNYMF;VOCVRWHR)O/WPHJCGCXQPHQNQPH XWHZ,T5 W)THYMFITWFM W4THWUKHR)O WFMKHY)HZO> QN;CLEYRH\WHQPH C57QFM;E[HCROKHCROKHWCX YWHCGL[' WUGHCLEYRH\WHW CGOWHY)KH EFMKHLT,R)O CZOWHZO> QN;WFM/WPHJXFMWHM*L\KHJ[KHVCY)7V/W*-KHJCQOZF[HQ'QFMKHQTOYRHCOWHT5GHQFMFKHC[QPHLTKHX5PHSOWCX5OKHHHXFMWHQPH??QPHCXOWH/WOL['YOCYOKHT5 GTHM*[, GTHC

Hotrod Seven Killers-CSP Proof-05!21!15

Documents

Transcript of Hotrod Seven Killers-CSP Proof-05!21!15