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EPACNO . . . . ,Z , ?^DN\G? ?@AG?FD? AFD=PP?DENLR EM? ]=@?PF[?FE [CL
a? \FZCAPNL SAFDM?GR CFG C >ANN?P D=\NG ]= ZP?? . . . . <\E AZ ,
[AOEC>?FNL CG[AE ?@AG?FD? =P AFOEP\DE EM? _\PL AFD=PP?DENLR nCo
M\[CF a?AF] no D=\NG GA? =Z C a=EDM?G EPACN . . . . 0S. 4TV1.
54

)M? P?CG?P O==F N?CPFO EMCE EM?O? D=FD?PFO CP? F=E [?P?NL MLS=EM?EADCN
BM?FR G\PAF] GAP?DE ?^C[AFCEA=F =Z EM? ]=@?PF[?FE`O [CAF BAEF?OOR 9?S?
$A@?PCR +=PDP=OO [C>?O CF =ZZdMCFG P?[CP> EMCE EM? _\PL D=\NG MC@?
AFE?PSP?E?G E= a=NOE?P $A@?PC`O DP?GAaANAEL. :==F`O D=\FO?NR C N?]?FGCPL
G?Z?FO? CEE=PF?L BAEM C SCFCDM? Z=P EM? GPC[CEADR [=@?O Z=P C [AOEPACNR
CP]\AF] EMCE EM? _\G]? [AON?G EM? _\PL AFE= a?NA?@AF] EMCE $A@?PC MCO F=
?^S?PA?FD? BAEM EM? DPA[AFCN _\OEAD? OLOE?[ BM?FR AF ZCDER M? MCO C N=F]
_\@?FAN? CFG CPP?OE P?D=PG CFG AO P?NCE?G E= EM? [AODP?CFER KFDN? (CPN=O. ,F
EM? ?FGR CZE?P D=FOAG?PAF] EM? =SEA=FOR +=PDP=OO G?FA?O EM? [AOEPACN CFG
AFOE?CG G?DAG?O E= AFOEP\DE EM? _\PL E= A]F=P? MAO P?[CP>O Ca=\E $A@?PCR C
G?DAOA=F EMCE O??[O SP=S?P \FG?P EM? DAPD\[OECFD?O 0S. 468k451. 'O EMAO
?^C[SN? ANN\OEPCE?OR _\G]?O [\OE ?FO\P? EMCE ?@?PL P?[CP> [CG? AF ZP=FE =Z
C _\PL GAOSNCLO F= ZC@=P =P SP?_\GAD? E= ?AEM?P OAG?
52
gC GAZZAD\NE ECO> F=
[CEE?P EM? DAPD\[OECFD?OR a\E =F? EMCE [\OE B?A]M ?OS?DACNNL M?C@ANL AF C
G?CEM S?FCNEL DCO?.
,F CGGAEA=FR 9=FO=P G=?O F=E OML CBCL ZP=[ EM? MCPG ?EMADCN l\?OEA=FO
EMCE DCF CPAO? AF MA]MdSP=ZAN? DCO?O. )M? EPACN SP=O?D\E=P AF DMCP]? =Z :==F`O
DCO?R "LGAC I=[?md"CPO?FR AO CF ?^S?PA?FD?G NCBL?P BM=R G?OSAE? S?PO=FCN
P?O?P@CEA=FO Ca=\E EM? G?CEM S?FCNELR AO BANNAF] E= S?PZ=P[ M?P OB=PF
G\EA?O E= S\PO\? :==F`O D=F@ADEA=F CFG S=OOAaN? ?^?D\EA=F 0S. 5521. 'E
@CPA=\O S=AFEOR OM? [\OE D=FE?FG BAEM SP?OO\P?O ZP=[ M?P a=OOR EM? K.Y.
'EE=PF?LR EMCE D=\NG S\OM I=[?md"CPO?F SCOE EM? a=\FGCPL =Z SP=Z?OOA=FCN

!#
9=FO=P MA[O?NZ MCO OECE?G EMCE =@?PO??AF] C G?CEM S?FCNEL DCO? BCO EM? b[=OE
D=[SNADCE?G CFG OEP?OOZ\N EMAF] nM? MCGo ?@?P G=F?.c Scc 9=FO=PR supra F=E? 5.
!$
,E AO B?NN O?EEN?G EMCE _\G]?O OM=\NG F=E D=[[?FE A[SP=S?PNL =F EM? ?@AG?FD? G\PAF]
EPACN. Scc, c.g.R KFAE?G YECE?O @. &ANCFAR ;2 &.4G 4;iR 4i8ki; 06G (AP. 5VV81 0F=EAF] C _\G]?
A[SP=S?PNL l\?OEA=F?G C G?Z?FGCFE`O DP?GAaANAEL =F EM? BAEF?OO OECFG1j KFAE?G YECE?O @. ICPDACR
i5i &.6G 548R 526 05OE (AP. 5Vi;1 0ZAFGAF] EM? _\G]? A[SP=S?PNL O\]]?OE?G EM? G?Z?FGCFE [A]ME
a? OECNNAF] BM?F E?OEAZLAF] E= ZCaPADCE? CFOB?PO =F EM? BAEF?OO OECFG1.
!"#$!#%&'() '+# &,(),-+ &,+'".#-(/ 0#- +-) #!"!)!1 234352 6768 9:
i6 Nc u |ng| an! Iau |c ti c u On |c nan! @. 2i h ;;
D=FG\DEgZ=P ?^C[SN?R BM?F OM? P?Z\O?O MAO ?FEP?CE EMCE OM? [C>?
A[S?P[AOOAaN? ?^EPCd_\GADACN OECE?[?FEO Ca=\E EM? DCO? E= SP?OO\P? +=PDP=OO
AFE= [=P? ZC@=PCaN? P\NAF]O Z=P EM? ]=@?PF[?FE 0S. 65ik5V1R =P BM?F OM?
SP?@?FEO CF \F_\OE S?P_\PL SP=O?D\EA=F C]CAFOE :==F`O BAZ? 0S. 245k441. ,F
D=FEPCOER AF CE N?COE =F? AFOECFD? I=[?md"CPO?F`O D=FG\DE AO [\P>A?P BM?FR
AF D=F@?POCEA=F BAEM M?P a=OOR OM? O\]]?OEO EMCE OM? AO F=E O?CPDMAF] CO
MCPG CO OM? [A]ME Z=P G=D\[?FEO EMCE [A]ME a=NOE?P C S=PEA=F =Z :==F`O
CNAaA 0S. 65V1. 'NEM=\]M EM? G=D\[?FEO CP? \NEA[CE?NL Z=\FG CFG G?NA@?P?G
E= EM? G?Z?FO?R EM?P?aL [==EAF] EM? S=AFER EM? N?OO=F AO F?@?PEM?N?OO DN?CP7
I=[?md"CPO?F O??[O BANNAF] E= O>CE? F?CP EM? ?G]? =Z S?P[AOOAaN? D=FG\DER
AZ F?D?OOCPLR E= ]CAF C D=F@ADEA=F. IA@?F EM? S?POAOE?FE SP=aN?[O =Z
SP=O?D\E=PACN [AOD=FG\DER ?OS?DACNNL EM? F=FdGAODN=O\P? =Z ?^D\NSCE=PL
AFZ=P[CEA=F E= EM? G?Z?FO?R
5f
AE AO B=PEMBMAN? EMCE 9=FO=P AO BANNAF] E=
CGGP?OO EM?O? [CEE?PO Z=P P?CG?PO BM= CP? F=E B?NNd@?PO?G AF EM?[.
)M?F EM?P? AO EM? ?@?PdSP?O?FE l\?OEA=F =Z EM? SP=SPA?EL =Z EM? G?CEM
S?FCNEL. ,Z EM?P? AO =F? =@?PCPDMAF] N?OO=F ZP=[ Tnc Hanging ju!gcR AE AO EMCE
EMAO @?^AF] l\?OEA=F MCO F= ?COL CFOB?P. 9=FO=P MCO a??F DN?CP ?NO?BM?P?
EMCER aCO?G =F MAO ?^S?PA?FD?R M? a?NA?@?O F= OLOE?[ AO Z==NdSP==Zj CO N=F] CO
EM?P? AO DCSAECN S\FAOM[?FER CE O=[? S=AFE CF AFF=D?FE S?PO=F BANN a?
?^?D\E?G.
58
)M? AFF=D?FD? [=@?[?FE MCO [CG? EMAO S=AFE Ca\FGCFENL
DN?CPj
5;
AFG??GR EM?P? AO ]==G P?CO=F E= a?NA?@? EMCE AE MCO CNP?CGL
MCSS?F?G.
5i
,F EM? ?FGR 9=FO=P BAO?NL G?N?]CE?O CFL ZAFCN _\G][?FE E= EM?
P?CG?P. <\E aL a\ANGAF] C FCPPCEA@? CP=\FG C [CF \F_\OENL D=F@ADE?G =Z C
M?AF=\O DPA[? BM= D=[?O BAEMAF C BMAOS?P =Z P?D?A@AF] C O?FE?FD? =Z
G?CEMR Tnc Hanging ju!gc S=OAEOR CO AE OM=\NGR EM? MCPG l\?OEA=F =Z BM?EM?P
EM? G?CEM S?FCNEL AO B=PEM AEO SPAD?.

!%
'O =F? F=E?G _\PAOE P?D?FENL OECE?GR bnEoM?P? AO CF ?SAG?[AD =Z Bra!q @A=NCEA=FO CaP=CG AF
EM? NCFG.c -PG?PR KFAE?G YECE?O @. -NO?FR 67TVdD@dTT468dX&+R 67T4dDPdTTTi2dX&+ 0VEM (AP.
#?D. 5T. 6T541 0e=mAFO>AR (.J.R GAOO?FEAF]1. ' P?D?FE +?B Q=P> )A[?O ?GAE=PACN [C>?O EM? OC[?
S=AFE. Scc !GAE=PACN <=CPGR |anpani Prcsccuicria| Misccn!uciR +.Q. ),:!YR JCF. 2R 6T52, atai|a||c
ai 6T52 X"+$ 4T48V4.
!&
9=FO=PR supra F=E? 5.
!'
'DD=PGAF] E= EM? ,FF=D?FD? 9P=_?DER EM?P? MC@? a??F 456 S=OEdD=F@ADEA=F ?^=F?PCEA=FO =Z
AFF=D?FE S?PO=FO E= GCE?R [CFL =Z BM=[ B?P? ?^=F?PCE?G CZE?P P?D?A@AF] EM? G?CEM S?FCNEL.
Scc ONA |xcncrcc Casc Prcji|csR ,++-(!+(! 9$-J!()R MEES733BBB.AFF=D?FD?SP=_?DE.=P]3>F=B
0NCOE @AOAE?G :CP. 65R 6T521.
!(
Scc, c.g.R Cancrcn Tc!! Wi||ingnan. Wrcngju||q Ccnticic! an! |xccuic! in TcxasR
,++-(!+(! 9$-J!()R MEES733BBB.AFF=D?FD?SP=_?DE.=P]3(=FE?FE3
(C[?P=F%)=GG%XANNAF]MC[%XP=F]Z\NNL%(=F@ADE?G%CFG%!^?D\E?G%AF%)?^CO.SMS 0NCOE
@AOAE?G :CP. 65R 6T521 0G?ODPAaAF] EM? DCO? =Z (C[?P=F )=GG XANNAF]MC[ BM= BCO D=F@ADE?G
CFG ?^?D\E?G Z=P O?EEAF] C ZAP? EMCE >ANN?G MAO EMP?? L=\F] DMANGP?FR G?OSAE? OA]FAZADCFE ODA?FEAZAD
?@AG?FD? EMCE BCO NCE?P G?@?N=S?G OEP=F]NL AFGADCEAF] MAO AFF=D?FD?1.
!"#$!#%&'() '+# &,(),-+ &,+'".#-(/ 0#- +-) #!"!)!1 234352 6768 9:
6T52 |aci an! |i ci i cn i4
&AFCNNLR AZ EM?P? AO =F? N?OO D=F@AFDAF] COS?DE =Z Tnc Hanging ju!gcR AE AO
EM? F=@?N`O CSSP=CDM E= EM? DPAEADCN l\?OEA=F =Z BML EM? Z?G?PCN ]=@?PF[?FE
B=\NG S\PO\? EM? G?CEM S?FCNEL AF :==F`O DCO?. -Z D=\PO?R CO C B=P> =Z
ZADEA=FR EM? F=@?N MCO F= =aNA]CEA=F E= a? C D=[SP?M?FOA@? GAOS=OAEA=F =F
EMAO =P CFL O\a_?DE. <\E a?DC\O? [\DM =Z EM? a==>`O @CN\? D=[?O ZP=[ EM?
]?F\AF? @=AD? 9=FO=P aPAF]O E= MAO B=P>R P?CG?PO CP? _\OEAZA?G AF BCFEAF] E=
>F=B EM? CFOB?P. )M? CFOB?P SP=@AG?GgEMCE S=NAEADCN N?CG?PO AF
XCOMAF]E=FR #.(.R BCFE E= ?^SCFG DCSAECN S\FAOM[?FE BM?P?@?P S=OOAaN?R
?OS?DACNNL AF OECE?O O\DM CO :COOCDM\O?EEO EMCE N=F] C]= Ca=NAOM?G EM? G?CEM
S?FCNEL 0S. if1gG=?O F=E Z\NNL ?^SNCAF BML :==F`O DCO? AO EM? a?OE @?MADN?
E= CG@CFD? EMAO S\PS=O?.
,FG??GR EM?P? CP? CE N?COE EB= P?CO=FO BML EM? G?DAOA=F E= O??> EM?
G?CEM S?FCNEL Z=P :==F AO l\?OEA=FCaN?. )M? ZAPOE D=FD?PFO EM? FCE\P? =Z EM?
DPA[?. )= a? O\P?R C GPA@?daL OM==EAF] EMCE >ANNO EB= S?=SN?R AFDN\GAF] C
@?PL OL[SCEM?EAD AFF=D?FE aLOECFG?PR DCNNO Z=P _\OEAD?. <\E \FZ=PE\FCE?NLR
EMAO ELS? =Z DPA[? AO CNN E== ZP?l\?FER
5V
[C>AF] =F? B=FG?P BML Z?G?PCN
C\EM=PAEA?O B=\NG G?DAG? EMCE AER C[=F] CNN =EM?POR G?[CFGO EM? \NEA[CE?
S?FCNEL.
6T
)M? O?D=FG AF@=>?O EM? O=PGAG MAOE=PL =Z EM? G?CEM S?FCNELR
BMADM E== =ZE?F MCO a??F CSSNA?G GAODPA[AFCE=PANL.
65
IA@?F EM? FCE\PCN
\SP=CP EMCE AFAEACEAF] C G?CEM S?FCNEL DCO? AF :COOCDM\O?EEO B=\NG
?F]?FG?PgC S=AFE 9=FO=P [C>?O ?^SNADAENL AF EM? F=@?N 0S. 421g=F?
B=FG?PO BML EM? ZAPOE G?CEM S?FCNEL DCO? AF =@?P ZAZEL L?CPO B=\NG a?
C]CAFOE C L=\F] aNCD> [CF Z=P C DPA[? C]CAFOE C L=\F] BMAE? B=[CF.
66

IA@?F EM? D=[SN?^ GLFC[ADO =Z EM? G?CEM S?FCNELR ?OS?DACNNL AF Ca=NAEA=FAOE

!)
' EPC]AD P?CN NAZ? ?^C[SN? AO EM? OM==EAF] G?CEM =Z HCGALC 9?FGN?E=FR EM? ZAZE??FdL?CPd=NG
(MADC]= M=F=PO OE\G?FE BM= S?PZ=P[?G CE 9P?OAG?FE -aC[C`O AFC\]\PCEA=F. 'DD=PGAF] E=
F?BO CDD=\FEOR OM? BCO ]\FF?G G=BF aL C S?PS?EPCE=P BM= [AOEC>?FNL a?NA?@?G EMCE OM? BCO
SCPE =Z C ]P=\S EMCE AF@=N@?G PA@CN ]CF] [?[a?PO. Scc YE?@?F QCDDAF= p (CEPAF !AFM=PFR
Cnicagc Gir|s Sncciing Ocain jc|is Ciiq an! Tcucncs Capiia|R +.Q. ),:!YR JCF. 45R 6T54R atai|a||c ai
6T54 X"+$ 64i;865.
"*
)MAO AO C SCPEAD\NCPNL S=A]FCFE l\?OEA=F AF NA]ME =Z D\PP?FE ?@?FEOR CO Z?G?PCN C\EM=PAEA?O
P?D?FENL G?DAG?G E= O??> EM? G?CEM S?FCNEL C]CAFOE EM? CNN?]?G S?PS?EPCE=P =Z EM? 'SPAN 5fR 6T54
<=OE=F :CPCEM=F a=[aAF]. Scc :CEE 'S\mm=R U.S. |s Sccking Ocain Pcna|iq in Bcsicn CascR +. Q.
),:!YR JCF. 4TR 6T52R CE '5R atai|a||c ai 6T52 X"+$ 4Ti48Vi.
"!
Scc gccra||q !PBAF (M?[?PAFO>LR ||ininaiing Oiscrininaiicn in A!ninisicring inc Ocain
Pcna|iq. Tnc Ncc! jcr inc |acia| jusiicc AciR 4f Y'+)' ("'$' ". $!W. f5V 05VVf1j #C@AG (. <CNG\O
?E CN.R |acia| Oiscrininaiicn an! Tnc Ocain Pcna|iq |n Tnc Pcsi-&\P[CF |ra. An |npirica| An!
Icga| Otcrticu, Wiin |cccni |in!ings |rcn Pni|a!c|pniaR i4 (-$+!"" ". $!W. 584i 05VVi1.
""
)M?P? AO C aPA?Z [?FEA=F =Z PCDACN =@?PE=F?O AF EM? DCO? BM?FR AF C D=F@?POCEA=F BAEM EM?
SP=O?D\E=PR :==F`O G?Z?FO? CEE=PF?L CO>O BM?EM?P EM? G?CEM S?FCNEL AO CSSP=SPACE? 0S. 55T1.
Q?ER EM? NCP]?P S=AFEgBML EM? S=NAEADACFO AF XCOMAF]E=FR #.(.R B=\NG G?[CFG EM? G?CEM
S?FCNEL \FG?P O\DM DAPD\[OECFD?OgAO F=E CGGP?OO?G.
!"#$!#%&'() '+# &,(),-+ &,+'".#-(/ 0#- +-) #!"!)!1 234352 6768 9:
i2 Nc u |ng| an! Iau |c ti c u On |c nan! @. 2i h ;;
:COOCDM\O?EEOR AE AO D\PA=\O EMCE [=P? =Z CF ?ZZ=PE BCO F=E [CG? E= ?^SNCAF
EMAO DPAEADCN G?DAOA=F.
64

,F EM? ?FGR M=B?@?PR EMAO ONA]ME DPAEADAO[ G=?O F=E EC>? CBCL ZP=[ EM?
S=B?PZ\N FCPPCEA@? EMCE J\G]? 9=FO=P MCO DPCZE?G. &=P CFL=F? BM= O??>O C
]PASSAF]gCFG C\EM?FEADgP?FGAEA=F ZP=[ CF ?^S?PE =Z M=B O?PA=\O DPA[?
AF '[?PADC AO CDE\CNNL CG_\GADCE?G CFG S\FAOM?GR Tnc Hanging ju!gc AO C
OCEAOZLAF] P?CG.

"#
&=P C GAOD\OOA=F =Z OA[ANCP AOO\?O AF EM? D=FE?^E =Z EM? ePAOE?F IANa?PE SP=O?D\EA=FR O??
(\FFAF]MC[R supra F=E? 5R CE Vi6kiV.