First_Amendment_Melad_and_Associates_approved- SIGNED 6-20-24 — Redondo Beach City Council, May 6, 2025

FIRST AMENDMENT TO THE AGREEMENT FOR CONSULTING SERVICES

BETWEEN THE CITY OF REDONDO BEACH
AND MELAD AND ASSOCIATES, INC.

This First Amendment to the Agreement for Consulting Services (“First Amendment”) is made between the City of Redondo Beach, a chartered municipal corporation (“City”) and Melad and Associates, a California corporation (“Consultant” or “Contractor”).

WHEREAS, on April 2, 2024, the parties entered into the Agreement for Consulting Services between the City and Consultant (the “Agreement”); and WHEREAS, the parties desire to amend the Agreement.

NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, and intending to be legally bound, the parties hereby agree to make the following amendment to the Agreement:

1. COMPENSATION. Exhibit “C” of the Agreement is hereby amended to add Exhibit “C1” to increase Consultant’s total compensation limit by $27,000, setting a new limit of $57,000. Exhibit “C-1” is attached hereto and incorporated by this reference. Consultant shall be compensated for the services described in Exhibit “A” of the Agreement.

2. NO OTHER AMENDMENTS. Except as expressly stated herein, the Agreement shall remain unchanged and in full force and effect. The Agreement and this First Amendment constitute the entire agreement between the parties and supersede any previous oral or written agreement with respect to the subject matter hereof. In the event of any inconsistency between the terms of the Agreement and this First Amendment, the terms of this First Amendment shall govern. [SIGNATURES FOLLOW ON NEXT PAGE]
IN WITNESS WHEREOF, the parties have executed this First Amendment in Redondo Beach, California, as of this 18th day of June, 2024.

CITY OF REDONDO BEACH, MELAD AND ASSOCIATES, INC.,
a chartered municipal corporation a California corporation __________________________ By: _______________________
James A. Light, Mayor Name: _______________________
Title: _______________________
ATTEST: APPROVED:
__________________________ __________________________
Eleanor Manzano, City Clerk Diane Strickfaden, Risk Manager APPROVED AS TO FORM:
__________________________
Michael W. Webb, City Attorney
President
James Melad
EXHIBIT "C-1"

COMPENSATION
Provided Consultant is not in default under this Agreement, Consultant shall be compensated as provided below.

I. AMOUNT. Consultant shall be paid in accordance with the following schedule.

Type of Review Hourly Rate
Building Plan Review
$90 per hour with a minimum of four
hours
Accelerated Plan Review $135 per hour
MEP & Title 24 Plan Review
$75 per hour with a minimum of four
hours
Grading Plan Review
$90 per hour with a minimum of four
hours
Soils Reports Review $75 per hour with a minimum of two hours Other (Fire, Solar, Antenna, Sign, etc.) $75 per hour with a minimum of two hours Pre-submission and Design Consultation Meetings
with the Permit Applicant $90 per hour
Inspections Outside Regular Hours $135 per hour
For any reviews following the initial one, Consultant shall bill solely at the applicable hourly rate without imposing a requirement for a minimum number of hours .

II. NOT TO EXCEED AMOUNT. Notwithstanding the foregoing, in no event shall the total amount paid to Consultant exceed $57,000 during the Term.

III. METHOD OF PAYMENT. Consultant shall provide monthly invoices to City for approval and payment. Invoices must be itemized and include:

A. Date of service.

B. Type of review.

C. Applicable hourly rate.

D. Number of hours worked or if applicable the minimum number of hours.

E. Any City approved subcontractor invoices.

Invoices must be adequately detailed, based on accurate records, and in a form reasonably satisfactory to City. Consultant may be required to provide back-up material upon request.

IV. SCHEDULE FOR PAYMENT. City agrees to pay Contractor within forty-five (45) days of receipt of the invoice; provided, however, that the services are completed to the City’s full satisfaction and there is no dispute over the amount.

V. NOTICE. Written notices to City and Consultant shall be given by email, registered or certified mail, postage prepaid and addressed to or personally served on the following parties.

Consultant: Melad & Associates, Inc.
8907 Warner Ave., Suite 161
Huntington Beach, CA 92647
Attention: James Melad
Email: [email protected]
City: City of Redondo Beach
Community Development Department, Building Division
415 Diamond Street
Redondo Beach, CA 90277
Attention: Chief Building Official
Email: [email protected]
All notices, including notices of address changes, provided under this Agreement are deemed received on the second day after emailing and the third day after mailing if sent by registered or certified mail. Changes in the respective address set forth above may be made from time to time by any party upon written notice to the other party.

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?

INSR ADDL SUBR

LTR INSD WVD

PRODUCER CONTACT
NAME:

PHONE FAX (A/C, No, Ext): (A/C, No):

E-MAIL
ADDRESS:

INSURER A :

INSURED INSURER B :

INSURER C :

INSURER D :

INSURER E :

INSURER F :

POLICY NUMBER POLICY EFF POLICY EXP TYPE OF INSURANCE (MM/DD/YYYY) (MM/DD/YYYY) LIMITS

AUTOMOBILE LIABILITY

UMBRELLA LIAB

EXCESS LIAB

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE $
DAMAGE TO RENTED CLAIMS-MADE OCCUR PREMISES (Ea occurrence) $ MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $

PRO- POLICY LOC JECT PRODUCTS - COMP/OP AGG
OTHER: $

COMBINED SINGLE LIMIT
(Ea accident) $
ANY AUTO BODILY INJURY (Per person) $

OWNED SCHEDULED
AUTOS ONLY AUTOS BODILY INJURY (Per accident) $

HIRED NON-OWNED PROPERTY DAMAGE
AUTOS ONLY AUTOS ONLY (Per accident) $
$

OCCUR EACH OCCURRENCE
CLAIMS-MADE AGGREGATE $
DED RETENTION $
PER OTHSTATUTE ER
E.L. EACH ACCIDENT
E.L. DISEASE - EA EMPLOYEE $
If yes, describe under
DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT INSURER(S) AFFORDING COVERAGE NAIC #

COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

CERTIFICATE HOLDER CANCELLATION
ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
12/13/2023
11000
Melad & Associates Inc
8907 Warner Ave Ste 161
Huntington Beach, CA 92647
31194
A 1,000,000
X 72SBAGE8240 6/1/2023 6/1/2024 1,000,000
10,000
1,000,000
2,000,000
2,000,000
A 1,000,000
72SBAGE8240 6/1/2023 6/1/2024
A 1,000,000
72SBAGE8240 6/1/2023 6/1/2024 1,000,000
10,000
B Professional Liab 106277568 4/13/2023 Aggregate 2,000,000 B Retention $10,000 106277568 4/13/2023 4/13/2024 Per Claim 2,000,000 Job CITYO27
City of Redondo Beach, its officers, elected and appointed officials, employees and volunteers are named as additional insured with respects to general liability of the named insured. Blanket general liability additionalinsured and primary and non-contributory wording included by written contract per form SS0008(0405).

City of Redondo Beach Dept of Engineering & Building
Services
415 Diamond St
Redondo Beach, CA 90277
MELA&AS-01 MNGUYEN
Rubin Insurance Agency, Inc.
5075 Shoreham Place Suite 100
San Diego, CA 92122
Mindy Nguyen
[email protected]
Sentinel Insurance Company, Ltd.

Travelers Casualty & Surety Company of America
4/13/2024
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%KVIIW MR [VMXMRK XS

WXERHTSMRX SJ XLI MRWYVIH 8LMW
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2SXMJ]ER]SXLIV MRWYVIV [LSWI I\TIGXEXMSR SJ MRJPMGXMRK TIVWSREP ERH GSZIVEKI MW EZEMPEFPI XS XLI EHZIVXMWMRK MRNYV]
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MZ
'SSTIVEXI [MXL YW [MXL

&SHMP] MRNYV] SV TVSTIVX] HEQEKI SV VIWTIGX XS GSSVHMREXMRK SXLIV ETTPMGEFPI MRWYVERGI EZEMPEFPI

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XSXLIMRHIQRMXIIERH JSV [LMGL XLI MRWYVIH MW SFPMKEXIH XS TE] HEQEKIW F] VIEWSR SJ XLI EWWYQTXMSR SJ
F
4VSZMHIW YW [MXL [VMXXIR
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3FXEMR VIGSVHW ERH SXLIV
JSVHEQEKIWFIGEYWI SJ
MRJSVQEXMSR VIPEXIH XS XLI
WYMXERH
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&SHMP] MRNYV] TVSTIVX] HEQEKI SV
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MM
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HIJIRWI SJ XLI MRHIQRMXII MR XLI MRWYVIH [SYPH LEZI MR XLI WYGL WYMX EFWIRGI SJ XLI GSRXVEGX SV
EKVIIQIRX SV
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8LI WTSYWI GLMPH TEVIRX FVSXLIV SV
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WYFWIUYIRX XS XLI I\IGYXMSR SJ XLI 8LMW I\GPYWMSRETTPMIW GSRXVEGX SV EKVIIQIRX 7SPIP] JSV

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0MEFMPMX] XS WYGL TEVX] JSV SV JSV GSRXVEGX
XLI GSWX SJ XLEX TEVX]vW HIJIRWI J 4SPPYXMSR

LEW EPWS FIIR EWWYQIH MR XLI

&SHMP] MRNYV] TVSTIVX] HEQEKI SV WEQI MRWYVIH GSRXVEGX ERH TIVWSREP ERH EHZIVXMWMRK MRNYV] MM
7YGL EXXSVRI]W
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E
%X SV JVSQ ER] TVIQMWIW WMXI SV HEQEKIW XS [LMGL XLMW PSGEXMSR [LMGL MW SV [EW EX ER] MRWYVERGIETTPMIW EVIEPPIKIH XMQI S[RIH SV SGGYTMIH F] SV G 0MUYSV0MEFMPMX] VIRXIH SV PSERIH XS ER] MRWYVIH &SHMP] MRNYV] SV TVSTIVX] HEQEKI JSV ,S[IZIV XLMW WYFTEVEKVETL HSIW [LMGL ER] MRWYVIH QE] FI LIPH PMEFPI F] RSXETTP]XS

VIEWSR SJ

M
&SHMP] MRNYV] MJ WYWXEMRIH [MXLMR

'EYWMRK SV GSRXVMFYXMRK XS XLI E FYMPHMRK ERH GEYWIH F] MRXS\MGEXMSR SJ ER]TIVWSR WQSOI JYQIW ZETSV SV WSSX

8LI JYVRMWLMRK SJ EPGSLSPMG FIZIVEKIW XS TVSHYGIH F] SV SVMKMREXMRK JVSQ IUYMTQIRX XLEX MW YWIH XS LIEX E TIVWSR YRHIV XLI PIKEP HVMROMRK EKI SV GSSP SV HILYQMHMJ] XLI FYMPHMRK YRHIV XLI MRJPYIRGI SJ EPGSLSP SV

SV IUYMTQIRX XLEX MW YWIH XS

%R] WXEXYXI SVHMRERGI SV VIKYPEXMSR LIEX [EXIV JSV TIVWSREP YWI F] VIPEXMRK XS XLI WEPI KMJX HMWXVMFYXMSR SV XLI FYMPHMRK W SGGYTERXW SV XLIMV YWI SJ EPGSLSPMG FIZIVEKIW KYIWXW 8LMW I\GPYWMSR ETTPMIW SRP] MJ ]SY EVI MR XLI
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&SHMP] MRNYV] SV TVSTIVX] FYWMRIWW SJ QERYJEGXYVMRK HMWXVMFYXMRK HEQEKI JSV [LMGL ]SY QE] FI WIPPMRK WIVZMRK SV JYVRMWLMRK EPGSLSPMG LIPH PMEFPI MJ ]SY EVI E FIZIVEKIW GSRXVEGXSV ERH XLI S[RIV SV H ;SVOIVW
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I )QTPS]IVvW 0MEFMPMX] TVIQMWIW WMXI SV PSGEXMSR ERH
WYGL TVIQMWIW WMXI SV PSGEXMSR &SHMP] MRNYV]XS
MW RSX ERH RIZIV [EW S[RIH SV

%R IQTPS]II SJ XLI MRWYVIH EVMWMRK SGGYTMIH F] SV VIRXIH SV SYXSJERH MR XLI GSYVWISJ PSERIH XS ER] MRWYVIH SXLIV

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)QTPS]QIRX F]XLIMRWYVIH SV XLER XLEX EHHMXMSREP MRWYVIH SV 4EKI SJ *SVQ 77

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MMM
&SHMP] MRNYV] SV TVSTIVX] VIPIEWIH EW TEVX SJ XLI
HEQEKI EVMWMRK SYX SJ LIEX STIVEXMSRW FIMRK TIVJSVQIH WQSOI SV JYQIW JVSQ E F] WYGL MRWYVIH GSRXVEGXSV SV
LSWXMPIJMVI WYFGSRXVEGXSV

MM
%X SV JVSQ ER] TVIQMWIW WMXI SV &SHMP] MRNYV] SV TVSTIVX] PSGEXMSR [LMGL MW SV [EW EX ER] HEQEKI WYWXEMRIH [MXLMR E XMQI YWIH F] SV JSV ER] MRWYVIH SV FYMPHMRK ERH GEYWIH F] XLI SXLIVW JSV XLI LERHPMRK WXSVEKI VIPIEWI SJ KEWIW JYQIW SV HMWTSWEP TVSGIWWMRK SV XVIEXQIRX ZETSVW JVSQ QEXIVMEPW FVSYKLX SJ[EWXI MRXS XLEX FYMPHMRK MR GSRRIGXMSR
[MXL STIVEXMSRW FIMRK TIVJSVQIH
G
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&SHMP] MRNYV] SV TVSTIVX]
MMM

HEQEKI EVMWMRK SYX SJ LIEX
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%R] MRWYVIHSV WQSOI SV JYQIW JVSQ E
MM
%R] TIVWSR SV SVKERM^EXMSR JSV LSWXMPIJMVISV [LSQ ]SY QE] FI PIKEPP] I
%X SV JVSQ ER] TVIQMWIW WMXI SV VIWTSRWMFPI PSGEXMSR SR [LMGL ER] MRWYVIH SV ER] H
%X SV JVSQ ER] TVIQMWIW WMXI SV GSRXVEGXSVW SV WYFGSRXVEGXSVW PSGEXMSR SR [LMGL ER] MRWYVIH SV [SVOMRK HMVIGXP] SV MRHMVIGXP] SR ER] ER] GSRXVEGXSVW SV WYFGSRXVEGXSVW MRWYVIHvW FILEPJ EVI TIVJSVQMRK [SVOMRK HMVIGXP] SV MRHMVIGXP] SR STIVEXMSRW MJ XLI STIVEXMSRW EVI XS ER] MRWYVIH W FILEPJ EVI XIWX JSV QSRMXSV GPIER YT VIQSZI TIVJSVQMRK STIVEXMSRW MJ XLI GSRXEMR XVIEX HIXS\MJ] SV RIYXVEPM^I TSPPYXERXW EVI FVSYKLX SR SV XS SV MR ER] [E] VIWTSRH XS SV EWWIWW XLI TVIQMWIW WMXI SV PSGEXMSR MR XLI IJJIGXW SJ TSPPYXERXW GSRRIGXMSR [MXL WYGL STIVEXMSRW
%R] PSWW GSWX SV I\TIRWI EVMWMRK SYX F] WYGL MRWYVIH GSRXVEGXSV SV SJER] WYFGSRXVEGXSV ,S[IZIV XLMW
WYFTEVEKVETL HSIWRSXETTP]XS
6 E
IUYIWXHIQERHSVHIVSVWXEXYXSV]
SV VIKYPEXSV] VIUYMVIQIRX XLEX ER]
M
&SHMP] MRNYV] SV TVSTIVX] MRWYVIH SV SXLIVW XIWX JSV QSRMXSV HEQEKI EVMWMRK SYX SJ XLI GPIER YT VIQSZI GSRXEMR XVIEX IWGETI SJ JYIPW PYFVMGERXW SV HIXS\MJ] SV RIYXVEPM^I SV MR ER] [E] SXLIVSTIVEXMRKJPYMHW [LMGL EVI VIWTSRH XS SV EWWIWW XLI IJJIGXW SJ RIIHIH XS TIVJSVQ XLI RSVQEP TSPPYXERXW SV IPIGXVMGEP L]HVEYPMG SV QIGLERMGEP JYRGXMSRW 'PEMQ SV WYMX F] SV SR FILEPJ SJ E F

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
HMWGLEVKIH HMWTIVWIH SV
*SVQ 77
4EKI SJ
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8LI YWI SJ QSFMPI IUYMTQIRX MR SV
[LMPI MR TVEGXMGI SV TVITEVEXMSR JSV E &SHMP] MRNYV] SV TVSTIVX] HEQEKI EVMWMRK TVIEVVERKIH VEGMRK WTIIH SV SYX SJ XLI S[RIVWLMT QEMRXIRERGI YWI SV HIQSPMXMSR GSRXIWX SV MR ER] WXYRXMRK IRXVYWXQIRX XS SXLIVW SJ ER] EMVGVEJX EYXS EGXMZMX] SV[EXIVGVEJXS[RIHSVSTIVEXIHF]SVVIRXIH SV PSERIH XS ER] MRWYVIH 9WI MRGPYHIW M ;EV
STIVEXMSR ERH PSEHMRK SV YRPSEHMRK &SHMP] MRNYV] TVSTIVX] HEQEKI SV 8LMW I\GPYWMSR ETTPMIW IZIR MJ XLI GPEMQW TIVWSREP ERH EHZIVXMWMRK MRNYV] LS[IZIV EKEMRWX ER] MRWYVIH EPPIKI RIKPMKIRGI SV GEYWIH EVMWMRK HMVIGXP] SV MRHMVIGXP] SYX SJ

SXLIV [VSRKHSMRK MR XLI WYTIVZMWMSR LMVMRK

;EV MRGPYHMRK YRHIGPEVIH SVGMZMP[EV IQTPS]QIRX XVEMRMRK SV QSRMXSVMRK SJ SXLIVW
;EVPMOI EGXMSR F] E QMPMXEV] JSVGI F] XLEX MRWYVIH MJ XLI SGGYVVIRGI [LMGL MRGPYHMRK EGXMSR MR LMRHIVMRK SV GEYWIH XLI FSHMP] MRNYV] SV TVSTIVX] HIJIRHMRK EKEMRWX ER EGXYEP SV HEQEKI MRZSPZIH XLI S[RIVWLMT I\TIGXIH EXXEGO F] ER] KSZIVRQIRX QEMRXIRERGI YWISV IRXVYWXQIRX XS SXLIVW SJ WSZIVIMKR SV SXLIV EYXLSVMX] YWMRK ER] EMVGVEJX EYXS SV [EXIVGVEJX XLEX MW QMPMXEV]TIVWSRRIPSV SXLIV EKIRXWSV S[RIH SV STIVEXIH F] SV VIRXIH SV PSERIH XS ER] MRWYVIH

-RWYVVIGXMSR VIFIPPMSR VIZSPYXMSR
YWYVTIH TS[IV SV EGXMSR XEOIR F] 8LMW I\GPYWMSRHSIW RSX ETTP] XS KSZIVRQIRXEP EYXLSVMX] MR LMRHIVMRK SV

% [EXIVGVEJX [LMPI EWLSVI SR TVIQMWIW HIJIRHMRK EKEMRWXER] SJ XLIWI ]SY S[RSV VIRX N 4VSJIWWMSREP7IVZMGIW
% [EXIVGVEJX ]SYHS RSX S[RXLEX MW
&SHMP] MRNYV] TVSTIVX] HEQEKI SV

E
0IWW XLER JIIX PSRKERH TIVWSREP ERH EHZIVXMWMRK MRNYV] EVMWMRK

F
2SX FIMRK YWIH XS GEVV] TIVWSRW SYX SJ XLI VIRHIVMRK SJ SV JEMPYVI XS VIRHIV ER] TVSJIWWMSREP WIVZMGI 8LMW MRGPYHIW JSVE GLEVKI
FYXMWRSXPMQMXIHXS

4EVOMRK ER EYXS SR SV SR XLI [E]W
RI\X XS TVIQMWIW ]SY S[R SV VIRX

0IKEP EGGSYRXMRK SV EHZIVXMWMRK
TVSZMHIH XLI EYXS MW RSX S[RIH F] SV WIVZMGIW
VIRXIHSV PSERIH XS ]SYSV XLI MRWYVIH

4VITEVMRK ETTVSZMRK SV JEMPMRK XS

0MEFMPMX] EWWYQIH YRHIV ER] MRWYVIH TVITEVI SV ETTVSZI QETW WLST GSRXVEGX JSV XLI S[RIVWLMT HVE[MRKW STMRMSRW VITSVXW WYVZI]W QEMRXIRERGI SV YWI SJ EMVGVEJX SV JMIPH SVHIVW GLERKI SVHIVW HIWMKRW SV [EXIVGVEJX HVE[MRKW ERH WTIGMJMGEXMSRW

&SHMP] MRNYV] SV TVSTIVX] HEQEKI

7YTIVZMWSV] MRWTIGXMSR EVGLMXIGXYVEP
EVMWMRK SYX SJ XLI STIVEXMSR SJ ER] SJ SV IRKMRIIVMRKEGXMZMXMIW XLI IUYMTQIRX PMWXIHMR4EVEKVETLJ

1IHMGEP WYVKMGEP HIRXEP \VE] SV
SV SJ XLI HIJMRMXMSR SJ QSFMPI J

RYVWMRK WIVZMGIW XVIEXQIRX EHZMGI SV
IUYMTQIRX SV MRWXVYGXMSR

%R EMVGVEJX XLEX MW RSX S[RIH F] ER]

%R] LIEPXL SV XLIVETIYXMG WIVZMGI
MRWYVIHERHMWLMVIH GLEVXIVIH SVPSERIH XVIEXQIRXEHZMGISV MRWXVYGXMSR [MXL E TEMH GVI[ ,S[IZIV XLMW

%R] WIVZMGI XVIEXQIRX EHZMGI SV I\GITXMSR HSIW RSX ETTP] MJ XLI MRWYVIH MRWXVYGXMSR JSV XLI TYVTSWI SJ LEW ER] SXLIV MRWYVERGI JSVWYGL FSHMP] ETTIEVERGISV WOMR IRLERGIQIRX LEMV MRNYV] SV TVSTIVX] HEQEKI [LIXLIV VIQSZEP SV VITPEGIQIRX SV TIVWSREP XLI SXLIV MRWYVERGI MW TVMQEV] I\GIWW KVSSQMRK GSRXMRKIRX SV SR ER] SXLIV FEWMW
3TXMGEP SV LIEVMRK EMH WIVZMGIW L 1SFMPI)UYMTQIRX MRGPYHMRK XLI TVIWGVMFMRK TVITEVEXMSR &SHMP] MRNYV] SV TVSTIVX] HEQEKI JMXXMRK HIQSRWXVEXMSR SV HMWXVMFYXMSR SJ

EVMWMRK SYX SJ
STLXLEPQMG PIRWIW ERH WMQMPEV

8LI XVERWTSVXEXMSR SJ QSFMPI IUYMTQIRX TVSHYGXWSV LIEVMRK EMH HIZMGIW F] ER EYXS S[RIH SV STIVEXIH F] SV
VIRXIH SV PSERIH XS ER] MRWYVIH SV
4EKI SJ *SVQ 77

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3TXSQIXV] SV STXSQIXVMG WIVZMGIW 4EVEKVETLW ERH SJ XLMW

MRGPYHMRK FYX RSX PMQMXIH XS I\EQMREXMSR I\GPYWMSR HS RSX ETTP] XS TVSTIVX] SJ XLI I]IW ERH XLI TVIWGVMFMRK HEQEKI
SXLIV XLER HEQEKI F] JMVI
XS
TVITEVEXMSR JMXXMRKHIQSRWXVEXMSR SV TVIQMWIW MRGPYHMRK XLI GSRXIRXW SJ WYGL HMWXVMFYXMSR SJ STLXLEPQMG PIRWIW ERH TVIQMWIWVIRXIHXS]SYJSVETIVMSHSJ SV WMQMPEV TVSHYGXW JI[IV GSRWIGYXMZI HE]W % WITEVEXI 0MQMX SJ -RWYVERGI ETTPMIW XS (EQEKI 8S

%R]
4VIQMWIW 6IRXIH 8S =SY EW HIWGVMFIH MR
E
&SH] TMIVGMRK
RSX MRGPYHMRK IEV 7IGXMSR 0MQMXW3J -RWYVERGI ( TMIVGMRK 4EVEKVETL SJ XLMW I\GPYWMSR HSIW RSX

F
8EXXSSMRK MRGPYHMRK FYX RSX PMQMXIH ETTP] MJ XLI TVIQMWIW EVI ]SYV [SVO ERH XS XLI MRWIVXMSR SJ TMKQIRXW MRXS SV [IVI RIZIV SGGYTMIH VIRXIH SV LIPH JSV YRHIV XLI WOMRERH VIRXEP F]]SY

G
7MQMPEV WIVZMGIW 4EVEKVETLW ERH SJ XLMWI\GPYWMSR HS

7IVZMGIW MR XLI TVEGXMGI SJ TLEVQEG] RSXETTP]XSXLIYWI SJ IPIZEXSVW ERH 4EVEKVETLW ERH SJ XLMW

'SQTYXIV GSRWYPXMRK HIWMKR SV I\GPYWMSR HS RSX ETTP] XS PMEFMPMX] EWWYQIH TVSKVEQQMRK WIVZMGIW MRGPYHMRK [IF YRHIV EWMHIXVEGO EKVIIQIRX WMXI HIWMKR 4EVEKVETLW ERH SJ XLMWI\GPYWMSR HS

4EVEKVETLW ERH SJ XLMWI\GPYWMSR HS

RSX ETTP] XS TVSTIVX] HEQEKI XS
RSX ETTP] XS XLI -RGMHIRXEP 1IHMGEP FSVVS[IH IUYMTQIRX [LMPI RSX FIMRK YWIH 1EPTVEGXMGI GSZIVEKI EJJSVHIH YRHIV XSTIVJSVQ STIVEXMSRWEXE NSF WMXI 4EVEKVETL MR 7IGXMSR 'SZIVEKIW I % 4EVEKVETL SJ XLMW I\GPYWMSR HSIW RSX

O (EQEKI8S 4VSTIVX] ETTP] XS TVSTIVX] HEQEKIMRGPYHIH MR XLI TVSHYGXWGSQTPIXIHSTIVEXMSRW LE^EVH 4VSTIVX]HEQEKIXS

P (EQEKI8S =SYV4VSHYGX

4VSTIVX] ]SY S[R VIRX SV SGGYT]
MRGPYHMRK ER] GSWXW SV I\TIRWIW 4VSTIVX] HEQEKI XS ]SYV TVSHYGX MRGYVVIH F] ]SY SV ER] SXLIV TIVWSR EVMWMRK SYX SJ MXSV ER]TEVXSJMX SVKERM^EXMSR SV IRXMX] JSV VITEMV Q (EQEKI8S =SYV;SVO VITPEGIQIRX IRLERGIQIRX 4VSTIVX] HEQEKI XS ]SYV [SVO EVMWMRK VIWXSVEXMSR SV QEMRXIRERGI SJ WYGL SYXSJMXSVER]TEVXSJ MXERH MRGPYHIHMRXLI TVSTIVX] JSV ER] VIEWSR MRGPYHMRK TVSHYGXWGSQTPIXIHSTIVEXMSRW LE^EVH TVIZIRXMSR SJ MRNYV] XS E TIVWSR SV HEQEKIXSERSXLIV
WTVSTIVX] 8LMW I\GPYWMSR HSIW RSX ETTP] MJ XLI
HEQEKIH [SVO SV XLI [SVO SYX SJ [LMGL

4VIQMWIW ]SY WIPP KMZI E[E] SV XLI HEQEKI EVMWIW [EW TIVJSVQIH SR ]SYV EFERHSR MJ XLI TVSTIVX] HEQEKI EVMWIW FILEPJ F]E WYFGSRXVEGXSV SYX SJ ER] TEVX SJ XLSWI TVIQMWIW R (EQEKI 8S -QTEMVIH 4VSTIVX] 3V

4VSTIVX]PSERIHXS]SY 4VSTIVX] 2SX 4L]WMGEPP]-RNYVIH
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8LI WTSYWI GLMPH TEVIRX FVSXLIV SV

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TE] HEQEKIW FIGEYWISJXLIMRNYV] )\GPYWMSRW XLVSYKL ERH XLVSYKL HS G L O S W %WFIWXSW RSX ETTP] XS HEQEKI F] JMVI PMKLXRMRK SV

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K &YWMRIWW0MEFMPMX] )\GPYWMSRW FYWMRIWW SV XS ]SYV SXLIV ZSPYRXIIV [SVOIVW [LMPI )\GPYHIH YRHIV &YWMRIWW 0MEFMPMX] 'SZIVEKI TIVJSVQMRK HYXMIW VIPEXIH XS XLI ' ;,3-7%2-2796)( GSRHYGXSJ]SYV FYWMRIWW
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E 'SZIVEKI YRHIV XLMW TVSZMWMSR MW EJJSVHIH 8LI TIVWSR W
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*SVQ 77
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GSRXVEGX [VMXXIR EKVIIQIRX SV FIGEYWI SJ E %R] JEMPYVI XS QEOI WYGL I

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(IQSRWXVEXMSR MRWXEPPEXMSR MRWYVIH YRHIV XLMW TVSZMWMSR SRP] JSV XLEX WIVZMGMRK SV VITEMV STIVEXMSRW TIVMSH SJ XMQI VIUYMVIH F] XLI GSRXVEGX I\GITX WYGL STIVEXMSRW TIVJSVQIH EKVIIQIRX SVTIVQMX EX XLI ZIRHSV W TVIQMWIW MR ,S[IZIV RSWYGL TIVWSRSVSVKERM^EXMSRMWER GSRRIGXMSR [MXL XLI WEPI SJ XLI EHHMXMSREP MRWYVIH YRHIV XLMW TVSZMWMSR MJ WYGL TVSHYGX TIVWSR SV SVKERM^EXMSR MW MRGPYHIH EW ER K
4VSHYGXW [LMGL EJXIV HMWXVMFYXMSR EHHMXMSREP MRWYVIH F] ER IRHSVWIQIRX MWWYIH SV WEPI F] ]SY LEZI FIIR PEFIPIH F] YW ERH QEHI E TEVX SJ XLMW 'SZIVEKI 4EVX SV VIPEFIPIH SV YWIH EW E MRGPYHMRK EPP TIVWSRW SV SVKERM^EXMSRW EHHIH GSRXEMRIV TEVX SVMRKVIHMIRXSJER] EW EHHMXMSREP MRWYVIHW YRHIV XLI WTIGMJMG SXLIV XLMRK SV WYFWXERGI F] SV JSV EHHMXMSREP MRWYVIH GSZIVEKI KVERXW MR 7IGXMSR XLIZIRHSVSV * z 3TXMSREP%HHMXMSREP -RWYVIH 'SZIVEKIW

L
&SHMP] MRNYV] SV TVSTIVX] E :IRHSVW
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W
SV SVKERM^EXMSR
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VIJIVVIH XS RIKPMKIRGI SJ XLI ZIRHSV JSV MXW FIPS[ EW ZIRHSV FYX SRP] [MXL VIWTIGX XS S[R EGXW SV SQMWWMSRW SV XLSWI SJ FSHMP] MRNYV] SV TVSTIVX] HEQEKI EVMWMRK MXW IQTPS]IIW SV ER]SRI IPWI SYX SJ ]SYV TVSHYGXW [LMGL EVI HMWXVMFYXIH EGXMRKSR MXWFILEPJ,S[IZIVXLMW SV WSPH MR XLI VIKYPEV GSYVWI SJ XLI ZIRHSV W I\GPYWMSR HSIWRSXETTP]XS
FYWMRIWW ERH SRP] MJ XLMW 'SZIVEKI 4EVX
M
8LI I\GITXMSRW GSRXEMRIH MR TVSZMHIW GSZIVEKI JSV FSHMP] MRNYV] SV 7YFTEVEKVETLW SV SV H

J
TVSTIVX] HEQEKI MRGPYHIH [MXLMR XLI
TVSHYGXWGSQTPIXIH STIVEXMSRW LE^EVH 7YGL MRWTIGXMSRW EHNYWXQIRX MM
W

XIWXW SV WIVZMGMRK EW XLI ZIRHSV

8LI MRWYVERGI EJJSVHIH XS XLI ZIRHSV
LEWEKVIIHXSQEOISVRSVQEPP] MW WYFNIGX XS XLI JSPPS[MRK EHHMXMSREP YRHIVXEOIWXSQEOIMRXLIYWYEP I\GPYWMSRW

GSYVWI SJ FYWMRIWW MR 8LMW MRWYVERGI HSIWRSXETTP]XS GSRRIGXMSR [MXL XLI HMWXVMFYXMSR

E
&SHMP] MRNYV] SV TVSTIVX] SV WEPI SJ XLI TVSHYGXW
HEQEKI JSV [LMGL XLI ZIRHSV MW

8LMW MRWYVERGI HSIW RSX ETTP] XS ER] SFPMKEXIH XS TE] HEQEKIW F] MRWYVIH TIVWSR SV SVKERM^EXMSR JVSQ VIEWSR SJ XLI EWWYQTXMSR SJ [LSQ]SYLEZIEGUYMVIHWYGL TVSHYGXW PMEFMPMX]MRE GSRXVEGXSVEKVIIQIRX SV ER] MRKVIHMIRX TEVX SV GSRXEMRIV 8LMW I\GPYWMSR HSIW RSX ETTP] XS IRXIVMRK MRXS EGGSQTER]MRK SV PMEFMPMX] JSV HEQEKIW XLEX XLI GSRXEMRMRK WYGL TVSHYGXW ZIRHSV [SYPH LEZI MR XLI EFWIRGI F 0IWWSVW 3J )UYMTQIRX SJXLIGSRXVEGX SVEKVIIQIRX

%R] TIVWSR SV SVKERM^EXMSR JVSQ
F
%R] I\TVIWW [EVVERX] [LSQ ]SY PIEWI IUYMTQIRX FYX SRP] YREYXLSVM^IH F]]SY [MXL VIWTIGX XS XLIMV PMEFMPMX] JSV FSHMP] G
%R] TL]WMGEP SV GLIQMGEP GLERKI MRNYV] TVSTIVX] HEQEKI SV MR XLI TVSHYGX QEHI MRXIRXMSREPP] TIVWSREP ERH EHZIVXMWMRK MRNYV] F] XLI ZIRHSV GEYWIH MR [LSPI SV MR TEVX F] ]SYV

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6ITEGOEKMRK I\GITX [LIR QEMRXIRERGI STIVEXMSR SV YWI SJ YRTEGOIH WSPIP] JSV XLI TYVTSWI SJ IUYMTQIRX PIEWIH XS ]SY F] WYGL MRWTIGXMSR HIQSRWXVEXMSR XIWXMRK TIVWSR SVSVKERM^EXMSR

SV XLI WYFWXMXYXMSR SJ TEVXW YRHIV
MRWXVYGXMSRW JVSQ XLI QERYJEGXYVIV
ERH XLIR VITEGOEKIH MR XLI
SVMKMREPGSRXEMRIV
4EKI SJ *SVQ 77

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I 4IVQMXW -WWYIH &] 7XEXI 3V 4SPMXMGEP ;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHIH XS XLIWI EHHMXMSREP MRWYVIHW XLMW 7YFHMZMWMSRW
MRWYVERGI HSIW RSX ETTP] XS ER]

%R] WXEXI SV TSPMXMGEP WYFHMZMWMSR FYX SGGYVVIRGI [LMGL XEOIW TPEGI EJXIV SRP] [MXL VIWTIGX XS STIVEXMSRW ]SY GIEWIXSPIEWIXLEX IUYMTQIRX TIVJSVQIHF] ]SYSV SR]SYV FILEPJJSV G 0IWWSVW 3J 0ERH 3V 4VIQMWIW [LMGL XLI WXEXI SV TSPMXMGEP WYFHMZMWMSR LEW MWWYIH ETIVQMX

%R] TIVWSR SV SVKERM^EXMSR JVSQ
[LSQ ]SY PIEWI PERH SV TVIQMWIW FYX ;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHI
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SJ XLEX TEVX SJ XLI PERH SV TVIQMWIW
E
&SHMP] MRNYV] TVSTIVX] HEQEKI PIEWIHXS]SY SV TIVWSREP ERH EHZIVXMWMRK

;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHIH MRNYV] EVMWMRK SYX SJ STIVEXMSRW XS XLIWI EHHMXMSREP MRWYVIHW XLMW TIVJSVQIH JSV XLI WXEXI SV MRWYVERGIHSIW RSX ETTP] XS
QYRMGMTEPMX]SV

F
%R] SGGYVVIRGI [LMGL XEOIW &SHMP] MRNYV] SV TVSTIVX] HEQEKI TPEGI EJXIV]SY GIEWIXSPIEWIXLEX MRGPYHIH [MXLMR XLI TVSHYGXW PERH SV FI E XIRERX MR XLEX GSQTPIXIH STIVEXMSRW LE^EVH TVIQMWIWSV J %R]3XLIV 4EVX]

F
7XVYGXYVEP EPXIVEXMSRW RI[

%R] SXLIV TIVWSR SV SVKERM^EXMSR [LS GSRWXVYGXMSR SV HIQSPMXMSR MW RSX ER MRWYVIH YRHIV 4EVEKVETLW E STIVEXMSRW TIVJSVQIH F] SV SR XLVSYKL EFSZI FYX SRP] [MXL I FILEPJ SJ WYGL TIVWSR SV VIWTIGX XS PMEFMPMX] JSV FSHMP] MRNYV] SVKERM^EXMSR TVSTIVX] HEQEKI SV TIVWSREP ERH H %VGLMXIGXW)RKMRIIVW 3V 7YVZI]SVW EHZIVXMWMRK MRNYV] GEYWIH MR [LSPI SV MR TEVX F] ]SYV EGXW SV SQMWWMSRW SV

%R] EVGLMXIGX IRKMRIIV SV WYVZI]SV FYX XLI EGXW SV SQMWWMSRW SJ XLSWI EGXMRK SRP] [MXL VIWTIGX XS PMEFMPMX] JSV FSHMP] SR ]SYVFILEPJ MRNYV] TVSTIVX] HEQEKI SV TIVWSREP
ERH EHZIVXMWMRK MRNYV] GEYWIH MR [LSPI -R XLI TIVJSVQERGI SJ ]SYV E

SV MR TEVX F] ]SYV EGXW SV SQMWWMSRW SV SRKSMRKSTIVEXMSRW

XLI EGXW SV SQMWWMSRW SJ XLSWI EGXMRK SR
F
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S[RIH F]SV VIRXIH XS ]SY SV

E
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G
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SV MRGPYHIH [MXLMR XLI TVSHYGXW

F
-R XLI TIVJSVQERGI SJ ]SYV GSQTPIXIH STIVEXMSRW LE^EVH FYX SRKSMRK STIVEXMSRW TIVJSVQIH F] SRP]MJ
]SY SVSR ]SYVFILEPJ
M
8LI [VMXXIR GSRXVEGX SV [VMXXIR

;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHIH EKVIIQIRX VIUYMVIW ]SY XS XS XLIWI EHHMXMSREP MRWYVIHW XLI TVSZMHI WYGL GSZIVEKI XS JSPPS[MRK EHHMXMSREPI\GPYWMSR ETTPMIW
WYGL EHHMXMSREPMRWYVIH ERH
8LMW MRWYVERGI HSIW RSX ETTP] XS 8LMW 'SZIVEKI 4EVX TVSZMHIW MM

FSHMP] MRNYV] TVSTIVX] HEQEKI SV GSZIVEKI JSV FSHMP] MRNYV] SV TIVWSREP ERH EHZIVXMWMRK MRNYV] TVSTIVX] HEQEKI MRGPYHIH EVMWMRK SYX SJ XLI VIRHIVMRK SJ SV XLI [MXLMR XLI TVSHYGXW JEMPYVI XS VIRHIV ER] TVSJIWWMSREP GSQTPIXIHSTIVEXMSRW LE^EVH WIVZMGIWF] SVJSV]SYMRGPYHMRK

;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHIH

E
8LI TVITEVMRK ETTVSZMRK SV XS XLIWI EHHMXMSREP MRWYVIHW XLMW JEMPYVI XS TVITEVI SV ETTVSZI MRWYVERGIHSIW RSX ETTP] XS

QETW WLST HVE[MRKW STMRMSRW &SHMP] MRNYV] TVSTIVX] HEQEKI SV VITSVXW WYVZI]W JMIPH SVHIVW TIVWSREP ERH EHZIVXMWMRK MRNYV] GLERKI SVHIVW HIWMKRW SV EVMWMRK SYX SJ XLI VIRHIVMRK SJ SV XLI HVE[MRKWERH WTIGMJMGEXMSRWSV JEMPYVI XS VIRHIV ER] TVSJIWWMSREP

F
7YTIVZMWSV] MRWTIGXMSR EVGLMXIGXYVEP IRKMRIIVMRK SV WYVZI]MRK EVGLMXIGXYVEP SV IRKMRIIVMRK WIVZMGIW MRGPYHMRK

EGXMZMXMIW
*SVQ 77
4EKI SJ
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8LI TVITEVMRK ETTVSZMRK SV 8LMW +IRIVEP %KKVIKEXI PMQMX HSIW RSX JEMPYVI XS TVITEVI SV ETTVSZI ETTP] XS TVSTIVX] HEQEKI XS TVIQMWIW QETW WLST HVE[MRKW STMRMSRW [LMPI VIRXIH XS ]SY SV XIQTSVEVMP] VITSVXW WYVZI]W JMIPH SVHIVW SGGYTMIH F] ]SY [MXL TIVQMWWMSR SJ XLI GLERKI SVHIVW HIWMKRW SV S[RIV EVMWMRK SYX SJ JMVI PMKLXRMRK SV HVE[MRKWERH WTIGMJMGEXMSRWSV I\TPSWMSR

F
)EGL3GGYVVIRGI0MQMX 7YTIVZMWSV] MRWTIGXMSR
EVGLMXIGXYVEP SV IRKMRIIVMRK 7YFNIGX XS SV EFSZI [LMGLIZIV E F EGXMZMXMIW ETTPMIW XLI QSWX [I [MPP TE] JSV XLI WYQ SJ EPP 8LI PMQMXW SJ MRWYVERGI XLEX ETTP] XS EHHMXMSREP HEQEKIW FIGEYWI SJ EPP FSHMP] MRNYV] MRWYVIHW EVI HIWGVMFIH MR 7IGXMSR z 0MQMXW TVSTIVX] HEQEKI ERH QIHMGEP I ( \TIRWIW 3J -RWYVERGI EVMWMRK SYX SJ ER] SRI SGGYVVIRGI MW XLI ,S[ XLMW MRWYVERGI ETTPMIW [LIR SXLIV 0MEFMPMX] ERH 1IHMGEP )\TIRWIW 0MQMX WLS[R MR XLI(IGPEVEXMSRW MRWYVERGI MW EZEMPEFPI XS ER EHHMXMSREP MRWYVIH MW HIWGVMFIH MR XLI 3XLIV -RWYVERGI 'SRHMXMSR 8LI QSWX [I [MPP TE] JSV EPP QIHMGEP I\TIRWIW MR 7IGXMSR z0MEFMPMX]%RH 1IHMGEP )\TIRWIW FIGEYWI SJ FSHMP] MRNYV] W ) YWXEMRIH F] ER] +IRIVEP 'SRHMXMSRW SRI TIVWSR MW XLI 1IHMGEP )\TIRWIW 0MQMX 2S TIVWSR SV SVKERM^EXMSR MW ER MRWYVIH [MXL WLS[R MR XLI (IGPEVEXMSRW VIWTIGX XS XLI GSRHYGX SJ ER] GYVVIRX SV TEWX 4IVWSREP%RH %HZIVXMWMRK -RNYV]0MQMX TEVXRIVWLMT NSMRX ZIRXYVI SV PMQMXIH PMEFMPMX] 7YFNIGX XS EFSZI XLI QSWX [I [MPP TE] JSV F GSQTER] XLEX MW RSX WLS[R EW E 2EQIH -RWYVIH MR XLI WYQ SJ EPP HEQEKIW FIGEYWI SJ EPP XLI(IGPEVEXMSRW TIVWSREP ERH EHZIVXMWMRK MRNYV] WYWXEMRIH F] ( 0-%&-0-8= %2( 1)(-'%0 )<4)27)7 ER]SRITIVWSRSVSVKERM^EXMSRMWXLI4IVWSREP ERH %HZIVXMWMRK -RNYV] 0MQMX WLS[R MR XLI 0-1-873*-2796%2') (IGPEVEXMSRW
8LI 1SWX;I;MPP 4E] (EQEKI8S 4VIQMWIW 6IRXIH8S =SY0MQMX 8LI 0MQMXW SJ -RWYVERGI WLS[R MR XLI 8LI (EQEKI 8S 4VIQMWIW 6IRXIH 8S =SY (IGPEVEXMSRW ERH XLI VYPIW FIPS[ JM\ XLI QSWX 0MQMX MW XLI QSWX [I [MPP TE] YRHIV &YWMRIWW [I [MPP TE]VIKEVHPIWWSJXLIRYQFIVSJ 0MEFMPMX] 'SZIVEKI JSV HEQEKIW FIGEYWI SJ
E -RWYVIHW TVSTIVX] HEQEKI XS ER] SRI TVIQMWIW [LMPI F 'PEMQWQEHISV WYMXWFVSYKLX SV VIRXIHXS]SYSVMRXLIGEWISJHEQEKIF] JMVI G 4IVWSRWSVSVKERM^EXMSRWQEOMRKGPEMQWSV PMKLXRMRK SV I\TPSWMSR [LMPI VIRXIH XS ]SY SV FVMRKMRK WYMXW XIQTSVEVMP] SGGYTMIH F]]SY [MXLTIVQMWWMSRSJ XLIS[RIV %KKVIKEXI0MQMXW
-R XLI GEWI SJ HEQEKI F] JMVI PMKLXRMRK SV 8LIQSWX [I[MPPTE] JSV I\TPSWMSRXLI(EQEKIXS 4VIQMWIW6IRXIH8S
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
I\TIRWIW MW XLI +IRIVEP %KKVIKEXI 0MQMX E 8LI PMQMXW SJ MRWYVERGI WTIGMJMIH MR E WLS[R MR XLI (IGPEVEXMSRW [VMXXIR GSRXVEGX [VMXXIR EKVIIQIRX SV TIVQMX MWWYIH F] E WXEXI SV TSPMXMGEP 8LMW +IRIVEP %KKVIKEXI 0MQMX ETTPMIW WYFHMZMWMSR SV WITEVEXIP] XS IEGL SJ ]SYV PSGEXMSRW S[RIH F]SV VIRXIH XS ]SY F 8LI 0MQMXW SJ -RWYVERGI WLS[R MR XLI (IGPEVEXMSRW 0SGEXMSR QIERW TVIQMWIW MRZSPZMRK XLI
WEQI SV GSRRIGXMRK PSXW SV TVIQMWIW 7YGL EQSYRX WLEPP FI E TEVX SJ ERH RSX MR [LSWI GSRRIGXMSR MW MRXIVVYTXIH SRP] F] E EHHMXMSR XS XLI 0MQMXW SJ -RWYVERGI WLS[R MR WXVIIX VSEH[E] SV VMKLXSJ[E] SJ E XLI(IGPEVEXMSRWERH HIWGVMFIH MR XLMW7IGXMSR VEMPVSEH
4EKI SJ *SVQ 77

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TSPMG] ERH ER] IRHSVWIQIRXW EXXEGLIH XLIVIXS HIQERHW RSXMGIW WYQQSRWIW SV ETTPMIW XS ER] GPEMQ SV WYMX XLI QSWX [I [MPP TE] PIKEP TETIVW VIGIMZIH MR GSRRIGXMSR YRHIV XLMW TSPMG] ERH XLI IRHSVWIQIRXW MW XLI [MXL XLI GPEMQ SVWYMX WMRKPI LMKLIWX PMQMX SJ PMEFMPMX] SJ EPP GSZIVEKIW

%YXLSVM^I YW XS SFXEMR VIGSVHW ERH
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7XVYGXYVEP EPXIVEXMSRW RI[ %HHMXMSREP -RWYVIH 7XEXI 3V 4SPMXMGEP GSRWXVYGXMSR SV HIQSPMXMSR STIVEXMSRW 7YFHMZMWMSR z 4IVQMXW TIVJSVQIH F] SV SR FILEPJ SJ WYGL TIVWSR SVSVKERM^EXMSR E ' ;,3-7%2-2796)(YRHIV7IGXMSR MW EQIRHIH XS MRGPYHI EW ER EHHMXMSREP
MRWYVIH XLI WXEXI SV TSPMXMGEP WYFHMZMWMSR
WLS[RMRXLI(IGPEVEXMSRWEWER%HHMXMSREP
4EKI
SJ *SVQ 77

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-RWYVIH z 7XEXI 3V 4SPMXMGEP 7YFHMZMWMSR %R] JEMPYVI XS QEOI WYGL I

4IVQMXW FYX SRP] [MXL VIWTIGX XS MRWTIGXMSRW EHNYWXQIRXW XIWXW SV STIVEXMSRW TIVJSVQIH F] ]SY SV SR ]SYV WIVZMGMRK EW XLI ZIRHSV LEW EKVIIH FILEPJ JSV [LMGL XLI WXEXI SV TSPMXMGEP XS QEOI SV RSVQEPP] YRHIVXEOIW XS WYFHMZMWMSRLEW MWWYIH ETIVQMX QEOI MR XLI YWYEP GSYVWI SJ FYWMRIWW MR GSRRIGXMSR [MXL XLI F ;MXL VIWTIGX XS XLI MRWYVERGI EJJSVHIH XS HMWXVMFYXMSR SV WEPI SJ XLI TVSHYGXW XLIWI EHHMXMSREP MRWYVIHW XLI JSPPS[MRK EHHMXMSREP I\GPYWMSRWETTP]

J
(IQSRWXVEXMSR MRWXEPPEXMSR
WIVZMGMRK SV VITEMV STIVEXMSRW 8LMW MRWYVERGI HSIWRSXETTP]XS I\GITX WYGL STIVEXMSRW TIVJSVQIH

&SHMP] MRNYV] TVSTIVX] HEQEKI SV EX XLI ZIRHSV
W TVIQMWIW MR TIVWSREP ERH EHZIVXMWMRK MRNYV] GSRRIGXMSR [MXL XLI WEPI SJ XLI EVMWMRK SYX SJ STIVEXMSRW TIVJSVQIH JSV TVSHYGX XLIWXEXI SVQYRMGMTEPMX] SV K
4VSHYGXW [LMGL EJXIV HMWXVMFYXMSR

&SHMP] MRNYV] SV TVSTIVX] HEQEKI SV WEPI F] ]SY LEZI FIIR PEFIPIH MRGPYHIH MR XLI TVSHYGXGSQTPIXIH SV VIPEFIPIH SV YWIH EW E STIVEXMSRW LE^EVH GSRXEMRIV TEVX SVMRKVIHMIRXSJER] %HHMXMSREP-RWYVIH z :IRHSVW SXLIV XLMRK SV WYFWXERGI F] SV JSV E ' ;,3-7%2-2796)(YRHIV7IGXMSR MW XLIZIRHSVSV EQIRHIH XS MRGPYHI EW ER EHHMXMSREP
L
&SHMP] MRNYV] SV TVSTIVX]

MRWYVIH XLI TIVWSR
W
SV SVKERM^EXMSR
W
HEQEKI EVMWMRK SYX SJ XLI WSPI

VIJIVVIH XS FIPS[ EW ZIRHSV
WLS[RMRXLI RIKPMKIRGI SJ XLI ZIRHSV JSV MXW
(IGPEVEXMSRW EW ER %HHMXMSREP -RWYVIH S[R EGXW SV SQMWWMSRW SV XLSWI SJ :IRHSV FYX SRP] [MXL VIWTIGX XS FSHMP] MXW IQTPS]IIW SV ER]SRI IPWI MRNYV] SV TVSTIVX] HEQEKI EVMWMRK SYX SJ EGXMRKSR MXWFILEPJ,S[IZIVXLMW ]SYV TVSHYGXW [LMGL EVI HMWXVMFYXIH SV I\GPYWMSR HSIWRSXETTP]XS

WSPH MR XLI VIKYPEV GSYVWI SJ XLI ZIRHSV
W
M
8LI I\GITXMSRW GSRXEMRIH MR FYWMRIWW ERH SRP] MJ XLMW 'SZIVEKI 4EVX 7YFTEVEKVETLW SV SV H

J
TVSZMHIW GSZIVEKI JSV FSHMP] MRNYV] SV
MM
7YGL MRWTIGXMSRW TVSTIVX] HEQEKI MRGPYHIH [MXLMR XLI EHNYWXQIRXW XIWXWSVWIVZMGMRK TVSHYGXWGSQTPIXIHSTIVEXMSRW LE^EVH EW XLI ZIRHSV LEW EKVIIH XS F 8LI MRWYVERGI EJJSVHIH XS XLI ZIRHSV MW QEOI SV RSVQEPP] YRHIVXEOIW WYFNIGX XS XLI JSPPS[MRK EHHMXMSREP I\GPYWMSRW XS QEOI MR XLI YWYEP GSYVWI SJ

8LMW MRWYVERGI HSIWRSXETTP]XS
FYWMRIWW MR GSRRIGXMSR [MXL
XLI HMWXVMFYXMSR SV WEPI SJ XLI
E
&SHMP] MRNYV] SV TVSTIVX] TVSHYGXW HEQEKI JSV [LMGL XLI ZIRHSV MW SFPMKEXIH XS TE] HEQEKIW F]

8LMW MRWYVERGI HSIW RSX ETTP] XS ER]
VIEWSR SJ XLI EWWYQTXMSR SJ MRWYVIH TIVWSR SV SVKERM^EXMSR JVSQ PMEFMPMX]MRE GSRXVEGXSVEKVIIQIRX [LSQ ]SY LEZI EGUYMVIH WYGL 8LMW I\GPYWMSR HSIW RSX ETTP] XS TVSHYGXW SV ER] MRKVIHMIRX TEVX SV PMEFMPMX] JSV HEQEKIW XLEX XLI GSRXEMRIV IRXIVMRK MRXS ZIRHSV [SYPH LEZI MR XLI EFWIRGI EGGSQTER]MRK SV GSRXEMRMRK WYGL SJXLIGSRXVEGX SVEKVIIQIRX TVSHYGXW

F
%R] I\TVIWW [EVVERX]
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W
SV SVKERM^EXMSR
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WLS[R MR XLI
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GSRXEMRIV
*SVQ 77
4EKI
SJ
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8LMW MRWYVERGI HSIW RSX ETTP] XS WXVYGXYVEP 8LI PMQMXW SJ MRWYVERGI XLEX ETTP] XS EHHMXMSREP EPXIVEXMSRW RI[ GSRWXVYGXMSR ERH HIQSPMXMSR MRWYVIHW EVI HIWGVMFIH MR 7IGXMSR z 0MQMXW 3J ( STIVEXMSRW TIVJSVQIH F] SV JSV XLEX TIVWSR SV -RWYVERGI SVKERM^EXMSR ,S[ XLMW MRWYVERGI ETTPMIW [LIR SXLIV MRWYVERGI

%HHMXMSREP -RWYVIH z 3[RIVW 0IWWIIW 3V MW EZEMPEFPI XS ER EHHMXMSREP MRWYVIH MW HIWGVMFIH MR 'SRXVEGXSVW z 7GLIHYPIH 4IVWSR 3V XLI 3XLIV -RWYVERGI 'SRHMXMSR MR 7IGXMSR z ) 3VKERM^EXMSR 0MEFMPMX] %RH 1IHMGEP )\TIRWIW +IRIVEP
E ' ;,3-7%2-2796)(YRHIV7IGXMSR MW 'SRHMXMSRW EQIRHIH XS MRGPYHI EW ER EHHMXMSREP + 0-%&-0-8= %2( 1)(-'%0 )<4)27)7

MRWYVIH XLI TIVWSR
W
SV SVKERM^EXMSR
W
()*-2-8-327 WLS[RMRXLI(IGPEVEXMSRWEWER%HHMXMSREP %HZIVXMWIQIRX QIERW XLI [MHIWTVIEH TYFPMG -RWYVIH z 3[RIV 0IWWIIW3V'SRXVEGXSVW FYX SRP] [MXL VIWTIGX XS PMEFMPMX] JSV FSHMP] HMWWIQMREXMSR SJ MRJSVQEXMSR SV MQEKIW XLEX LEW XLI TYVTSWI SJ MRHYGMRK XLI WEPI SJ KSSHW MRNYV] TVSTIVX] HEQEKI SV TIVWSREP ERH EHZIVXMWMRK MRNYV] GEYWIH MR [LSPI SV TVSHYGXWSV WIVZMGIW XLVSYKL

MR TEVX F] ]SYV EGXW SV SQMWWMSRW SV XLI E

6EHMS
EGXW SV SQMWWMSRW SJ XLSWI EGXMRK SR ]SYV

8IPIZMWMSR FILEPJ

&MPPFSEVH

-R XLI TIVJSVQERGI SJ ]SYV SRKSMRK

1EKE^MRI STIVEXMSRW JSV XLI EHHMXMSREP

2I[WTETIV MRWYVIH
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SV
F 8LI -RXIVRIX FYX SRP] XLEX TEVX SJ E [IF

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
%WFIWXSW LE^EVH QIERW ER I\TSWYVI SV

8LI TVITEVMRK ETTVSZMRK SV JEMPYVI XS XLVIEX SJ I\TSWYVI XS XLI EGXYEP SV EPPIKIH TVITEVI SV ETTVSZI QETW WLST TVSTIVXMIW SJ EWFIWXSW ERH MRGPYHIW XLI QIVI HVE[MRKW STMRMSRW VITSVXW WYVZI]W TVIWIRGI SJ EWFIWXSW MR ER] JSVQ JMIPH SVHIVWGLERKISVHIVWHIWMKRWSV %YXS QIERW E PERH QSXSV ZILMGPI XVEMPIV SV HVE[MRKWERH WTIGMJMGEXMSRWSV WIQMXVEMPIV HIWMKRIH JSV XVEZIP SR TYFPMG

7YTIVZMWSV] MRWTIGXMSR EVGLMXIGXYVEP VSEHW MRGPYHMRK ER] EXXEGLIH QEGLMRIV] SV SV IRKMRIIVMRKEGXMZMXMIW IUYMTQIRX &YX EYXS HSIW RSX MRGPYHI QSFMPIIUYMTQIRX %HHMXMSREP -RWYVIH z 'S3[RIV 3J -RWYVIH 4VIQMWIW &SHMP] MRNYV]QIERWTL]WMGEP

;,3 -7 %2 -2796)( YRHIV 7IGXMSR MW ' E -RNYV]
EQIRHIH XS MRGPYHI EW ER EHHMXMSREP MRWYVIH F 7MGORIWWSV

XLI TIVWSR
W
SV 3VKERM^EXMSR
W
WLS[R MR XLI G (MWIEWI (IGPEVEXMSRW EW ER %HHMXMSREP -RWYVIH z 'S 3[RIV 3J -RWYVIH 4VIQMWIW FYX SRP] [MXL WYWXEMRIH F] E TIVWSR ERH MJ EVMWMRK SYX SJ XLI EFSZIQIRXEPERKYMWLSV HIEXL EX ER]XMQI VIWTIGX XS XLIMV PMEFMPMX] EW GSS[RIV SJ XLI TVIQMWIW WLS[RMRXLI(IGPEVEXMSRW 'SZIVEKI XIVVMXSV] QIERW

4EKI SJ *SVQ 77

&97-2)770-%&-0-8= '3:)6%+)*361
E F 8LI9RMXIH7XEXIWSJ%QIVMGE
MRGPYHMRK MXW =SY LEZI JEMPIH XS JYPJMPP XLI XIVQW SJ E

XIVVMXSVMIW ERH TSWWIWWMSRW
4YIVXS 6MGS GSRXVEGX SVEKVIIQIRX
ERH 'EREHE MJ WYGLTVSTIVX]GER FIVIWXSVIHXSYWI F]

F -RXIVREXMSREP [EXIVWSV EMVWTEGIFYXSRP]MJ E 8LI VITEMV VITPEGIQIRX EHNYWXQIRX SV XLI MRNYV] SV HEQEKI SGGYVW MR XLI GSYVWI VIQSZEP SJ ]SYV TVSHYGX SV ]SYV [SVO SJ XVEZIP SV XVERWTSVXEXMSR FIX[IIR ER] SV TPEGIWMRGPYHIH MR EFSZI E F =SYV JYPJMPPMRK XLI XIVQW SJ XLI GSRXVEGX SV G %PP SXLIV TEVXW SJ XLI [SVPH MJ XLI MRNYV] SV EKVIIQIRX HEQEKIEVMWIWSYXSJ -RWYVIHGSRXVEGX QIERW

+SSHW SV TVSHYGXW QEHI SV WSPH F] ]SY E % GSRXVEGX JSV E PIEWI SJ TVIQMWIW MR XLI XIVVMXSV] HIWGVMFIH MR EFSZI E ,S[IZIV XLEX TSVXMSR SJ XLI GSRXVEGX JSV E
8LI EGXMZMXMIWSJETIVWSR[LSWILSQI PIEWI SJ TVIQMWIW XLEX MRHIQRMJMIW ER] MW MR XLI XIVVMXSV] HIWGVMFIH MR E TIVWSR SV SVKERM^EXMSR JSV HEQEKI F] JMVI EFSZI FYX MW E[E] JSV E WLSVX XMQI SR PMKLXRMRK SV I\TPSWMSR XS TVIQMWIW [LMPI ]SYV FYWMRIWWSV VIRXIH XS ]SY SV XIQTSVEVMP] SGGYTMIH F]

4IVWSREP ERH EHZIVXMWMRK MRNYV] ]SY [MXL TIVQMWWMSR SJ XLI S[RIV MW SJJIRWIW XLEX XEOI TPEGI XLVSYKL XLI WYFNIGX XS XLI (EQEKI 8S 4VIQMWIW -RXIVRIX SV WMQMPEV IPIGXVSRMG QIERW SJ 6IRXIH 8S =SY PMQMX HIWGVMFIH MR 7IGXMSR GSQQYRMGEXMSR z 0MEFMPMX] ERH 1IHMGEP )\TIRWIW 0MQMXW ( SJ-RWYVERGI TVSZMHIH XLI MRWYVIH
W VIWTSRWMFMPMX] XS TE]
HEQEKIW MW HIXIVQMRIH MR XLI 9RMXIH 7XEXIW SJ % WMHIXVEGOEKVIIQIRX F %QIVMGE
MRGPYHMRK MXW XIVVMXSVMIW ERH G %R] IEWIQIRX SV PMGIRWI EKVIIQIRX TSWWIWWMSRW 4YIVXS 6MGS SV 'EREHE MR E MRGPYHMRK ER IEWIQIRX SV PMGIRWI WYMX SR XLI QIVMXW EGGSVHMRK XS XLI EKVIIQIRX MR GSRRIGXMSR [MXL GSRWXVYGXMSR WYFWXERXMZI PE[ MR WYGL XIVVMXSV] SV MR E SV HIQSPMXMSR STIVEXMSRW SR SV [MXLMR WIXXPIQIRX[I EKVIIXS JIIX SJ EVEMPVSEH )PIGXVSRMG HEXE QIERW MRJSVQEXMSR JEGXW SV H %R] SFPMKEXMSR EW VIUYMVIH F] SVHMRERGI

TVSKVEQW
XS MRHIQRMJ] E QYRMGMTEPMX] I\GITX MR
E 7XSVIHEW SVSR GSRRIGXMSR [MXL[SVO JSV EQYRMGMTEPMX] F 'VIEXIHSV YWIHSRSV I %R IPIZEXSVQEMRXIRERGIEKVIIQIRXSV G 8VERWQMXXIHXSSV JVSQ J 8LEX TEVX SJ ER] SXLIV GSRXVEGX SV GSQTYXIV WSJX[EVI MRGPYHMRK W]WXIQW ERH EKVIIQIRX TIVXEMRMRK XS ]SYV FYWMRIWW ETTPMGEXMSRW WSJX[EVI LEVH SV JPSTT] HMWOW
MRGPYHMRK ER MRHIQRMJMGEXMSR SJ E
'(6317 XETIW HVMZIW GIPPW HEXE QYRMGMTEPMX] MR GSRRIGXMSR [MXL [SVO TVSGIWWMRK HIZMGIW SV ER] SXLIV QIHME [LMGL TIVJSVQIH JSV E QYRMGMTEPMX] YRHIV [LMGL
EVI YWIH [MXL IPIGXVSRMGEPP] GSRXVSPPIH ]SY EWWYQI XLI XSVX PMEFMPMX] SJ ERSXLIV IUYMTQIRX TEVX] XS TE] JSV FSHMP] MRNYV] SV TVSTIVX] HEQEKI XS E XLMVH TIVWSR SV SVKERM^EXMSR
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
FVMHKI SV XVIWXPI XVEGOW VSEHFIHW XYRRIP
YRHIVTEWW SVGVSWWMRK E -X MRGSVTSVEXIW ]SYV TVSHYGX SV ]SYV [SVO XLEX MW ORS[R SV XLSYKLX XS FI HIJIGXMZI ,S[IZIV 4EVEKVETL HSIW RSX MRGPYHI J HIJMGMIRX MREHIUYEXI SV HERKIVSYW SV XLEX TEVX SJ ER]GSRXVEGX SVEKVIIQIRX

*SVQ 77
4EKI SJ
&97-2)770-%&-0-8= '3:)6%+)*361

8LEX MRHIQRMJMIW ER EVGLMXIGX 4S[IV GVERIW WLSZIPW PSEHIVW IRKMRIIV SV WYVZI]SV JSV MRNYV] SV HMKKIVWSV HVMPPWSV HEQEKIEVMWMRK SYX SJ

6SEH GSRWXVYGXMSR SV VIWYVJEGMRK

E
4VITEVMRK ETTVSZMRK SV JEMPMRK XS IUYMTQIRX WYGL EW KVEHIVW WGVETIVW TVITEVI SV ETTVSZI QETW WLST SV VSPPIVW
HVE[MRKW STMRMSRW VITSVXW I E F G H :ILMGPIW RSX HIWGVMFIH MR SV WYVZI]W JMIPH SVHIVW GLERKI EFSZI XLEX EVI RSX WIPJTVSTIPPIH ERH EVI SVHIVW HIWMKRW SV HVE[MRKW ERH QEMRXEMRIH TVMQEVMP] XS TVSZMHI QSFMPMX] XS WTIGMJMGEXMSRW SV TIVQERIRXP] EXXEGLIH IUYMTQIRX SJ XLI

F
+MZMRK HMVIGXMSRW SV MRWXVYGXMSRW JSPPS[MRK X]TIW

SVJEMPMRK XS KMZI XLIQ MJXLEXMWXLI

%MV GSQTVIWWSVW TYQTW ERH TVMQEV] GEYWI SJ XLI MRNYV] SV KIRIVEXSVW MRGPYHMRK WTVE]MRK HEQEKI SV [IPHMRK FYMPHMRK GPIERMRK

9RHIV [LMGL XLI MRWYVIH MJ ER KISTL]WMGEP I\TPSVEXMSR PMKLXMRK ERH EVGLMXIGX IRKMRIIV SV WYVZI]SV [IPP WIVZMGMRKIUYMTQIRX SV EWWYQIW PMEFMPMX] JSV ER MRNYV] SV

'LIVV] TMGOIVW ERH WMQMPEV HIZMGIW HEQEKI EVMWMRK SYX SJ XLI MRWYVIH W YWIH XS VEMWI SVPS[IV[SVOIVW VIRHIVMRK SV JEMPYVI XS VIRHIV J E F G H :ILMGPIW RSX HIWGVMFIH MR SV TVSJIWWMSREP WIVZMGIW MRGPYHMRK XLSWI EFSZI QEMRXEMRIH TVMQEVMP] JSV TYVTSWIW PMWXIH MR EFSZI ERH WYTIVZMWSV]
SXLIV XLER XLI XVERWTSVXEXMSR SJ TIVWSRW SV MRWTIGXMSR EVGLMXIGXYVEP SV GEVKS IRKMRIIVMRK EGXMZMXMIW ,S[IZIV WIPJTVSTIPPIH ZILMGPIW [MXL XLI 0IEWIH [SVOIV QIERW E TIVWSR PIEWIH XS JSPPS[MRK X]TIW SJ TIVQERIRXP] EXXEGLIH ]SY F] E PEFSV PIEWMRK JMVQ YRHIV ER IUYMTQIRX EVI RSX QSFMPI IUYMTQIRX FYX EKVIIQIRX FIX[IIR ]SY ERH XLI PEFSV PIEWMRK [MPPFI GSRWMHIVIH EYXSW JMVQXSTIVJSVQHYXMIWVIPEXIHXSXLIGSRHYGXSJ
]SYV FYWMRIWW 0IEWIH [SVOIV HSIW RSX

)UYMTQIRX SJ EX PIEWX TSYRHW
MRGPYHI EXIQTSVEV] [SVOIV KVSWW ZILMGPI [IMKLX HIWMKRIH TVMQEVMP] JSV
0SEHMRK SV YRPSEHMRK QIERW XLI LERHPMRK SJ
TVSTIVX]

E
7RS[ VIQSZEP
E %JXIV MX MW QSZIH JVSQ XLI TPEGI [LIVI MX MW
F
6SEH QEMRXIRERGI FYX RSX
EGGITXIH JSV QSZIQIRX MRXS SV SRXS ER GSRWXVYGXMSRSV VIWYVJEGMRK SV EMVGVEJX [EXIVGVEJX SVEYXS
G
7XVIIX GPIERMRK
F ;LMPI MXMWMRSV SRER EMVGVEJX[EXIVGVEJXSV

'LIVV] TMGOIVW ERH WMQMPEV HIZMGIW
EYXS SV QSYRXIH SR EYXSQSFMPI SV XVYGO
G ;LMPI MX MW FIMRK QSZIH JVSQ ER EMVGVEJX GLEWWMW ERH YWIH XS VEMWI SV PS[IV [EXIVGVEJX SV EYXS XS XLI TPEGI [LIVIMX MW [SVOIVWERH JMREPP] HIPMZIVIH

%MV GSQTVIWWSVW TYQTW ERH
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Redondo Beach City CouncilMay 6, 2025

Redondo Beach City Council
May 6, 2025