Page 1030 - Dive the Seas and More-2
P. 1030

(                                   (                                    (
                                                                                1JHUXDQJHO   1*(58$1*(/  7KLV IODW VDQG\ EHDFK LVODQG LV LQKDELWHG RQO\ E\ QHVWLQJ
                                  3DODX )DFWV        'LVWDQFHV DQG )O\LQJ 7LPHV WR 3DODX   5HHI  ELUGV  $ IHZ KXQGUHG \HDUV DJR  LW ZDV DFWXDOO\ DQ LQKDELWHG LVODQG  EXW
                                                                                     LW QHDUO\ GLVDSSHDUHG ZKHQ LW ZDV VWUXFN E\ D ODUJH WVXQDPL  6RPH VD\
                                  1DWLYH 1DPH   %HODX  )URP             'LVWDQFH                        7LPH       WKDW ZKHQ D 3RUWXJXHVH VKLS ZUHFNHG KHUH LQ WKH   WK FHQWXU\  WKH ORFDOV
            )UDQNRnV              3DODX LV FRPSRVHG RI    VWDWHV   +RQROXOX       PL       NP                    XVHG WKH EHDGV RQ WKHLU QHFNODFHV IRU PRQH\ WR PDNH ZKDW EHFDPH WKH
                                                                                     ILUVW 3DODXDQ PRQH\EHDGV
                                  3DODX V SRSXODWLRQ LV                    QDWLYH 3DODXDQV    *XDP      PL       NP         *(25*( %86+ :5(&.         P  7KLV XQLGHQWLILHG         P    6$0,'$5(            P  P  6LQFH WKLV ,PSHULDO -DSDQHVH
                                                                   -DSDQHVH $UPHG 7UDZOHU ZDV VXQN E\ IRUPHU 8 6  3UHVLGHQW   1DY\ 'HVWUR\HU KDV EHHQ KHDYLO\ VDOYDJHG  DOO WKDW UHPDLQV
                                                                                   (XFKHOHO 1JHUXDQJHO
       5(38%/,& 2)                $ERXW     RI 3DODX V SRSXODWLRQ OLYHV LQ WKH VWDWH RI .RURU   0DQLOD       PL       NP         &DUULHU 6DQ -DFLQWR RQ -XO\    WK         /RFDWHG RQ WKH QRUWK WLS   QRZ DUH SURSXOVLRQ VKDIWV  JHDUV  JXQV  DQG GHEULV  7KLV
                                                                   *HRUJH + :  %XVK ZKLOH IO\LQJ D 7%0  WRUSHGR ERPEHU  IURP
                                                                                          ORFDWLRQ IHDWXUHV H[FHOOHQW YLVLELOLW\
                                                              PL       NP

                                  3DODX RIILFLDO ODQJXDJHV DUH 3DODXDQ DQG (QJOLVK
                                                     7RN\R
                                                                   RI 1JHUXDQJHO 5HHI  WKH ZUHFN KDV EHHQ KHDYLO\ VDOYDJHG  EXW
                                  %DEHOGDRE ,VODQG FRYHUV     VT PL      VT NP    ZKLFK LV   7DLSHL       PL       NP         WKHUH DUH VFDWWHUHG UHPDLQV         1JHUXDQJHO 3DVVDJH
                                  RYHU     RI WKH DUHD RI WKH HQWLUH FRXQWU\  %DEHOGDRE LV   6HRXO       PL       NP
                                  WKH WKLUG ODUJHVW LVODQG LQ DOO RI 0LFURQHVLD  DIWHU *XDP DQG
     3$/$8                        +LJKHVW SRLQW RQ 3DODX LV 0RXQW 1JHUFKHOFKXXV    )     &    /RV $QJHOHV      PL         NP          .$<$1*(/ $ VPDOO SRSXODWLRQ OLYHV LQ WKLV SHDFHIXO  RXW RI WKH ZD\       %/8( +2/(  )UXLW 'RYH  )UXLW %DW
                                  3RKQSHL
                                                                                                            3DODX

                                                                         DWROO  ,W ZDV KDPPHUHG E\ D      W\SKRRQ  ZKLFK DOPRVW VHQW HYHU\
                                                     1HZ <RUN
                                                              PL         NP
                                       IW     P   RQ %DEHOGDRE
                                                                         ERG\ SHUPDQHQWO\ HOVHZKHUH  7KH ODJRRQ LV DERXW    IW GHHS  DQG LW
                                  $QQXDO PHDQ WHPSHUDWXUH LQ 3DODX
                                                                         KDV SDVVDJH WKURXJK WKH ZHVW VLGH UHHI  .D\DQJHO LV NQRZQ DV 3DODXnV

                                                                         LVODQGV DUH NQRZQ ORFDOO\ IRU WKHLU QXPHURXV W\SHV RI EDQDQDV
                                  $YHUDJH UDLQIDOO LQ 3DODX       LQ \U      FP \U          WUXH FRUDO UHHI  7KHVH ZDWHUV DUH SRSXODU IRU VSRUW ILVKLQJ   7KH VPDOO   1JFKHDQJHO         ,VODQG 6ZLIWOHW
                                                                                         8OODFK &KDQQHO   .D\DQJHO
                                                                                                ,VODQGV           &RFRQXW &UDE
       $GYHQWXUH   'LYH
       $ $ $ $ $ $ $                    EDUULHU UHHIV  GURS RIIV  UHHI SDVVDJHV  WKH FHQWUDO ODJRRQ  FRYHV  FDYHV  DQG :RUOG
                                        6FXED 'LYLQJ ,Q 3DODX  3DODX V PDLQ WRXULVW DWWUDFWLRQ LV VFXED GLYLQJ RQ LWV
                                        :DU ,, -DSDQHVH VKLS DQG DLUFUDIW ZUHFNV  7KH ZHOO GHVHUYHG UHSXWDWLRQ XSRQ ZKLFK
             *XLGH                      3DODX WKULYHV LV WKDW LW LV EH\RQG D PHUH ZRUOG FODVV GLYLQJ GHVWLQDWLRQ  ,W LV LQ IDFW                                                                            /(*(1'
                                                                            0LOHV
                                        7+( 81',6387(' %(67 ',9,1* ,1 7+( :25/'  7KLV )UDQNR 0DS VKRZV WKH EHDXW\
                                        KLVWRU\  DQG GLYHUVLW\ RI WKLQJV WR VHH DQG GR LQ 3DODX  EXW RI WKH PRVW LPSRUWDQFH LV
                                        WKDW LW VKRZV WKH RYHUZKHOPLQJ DEXQGDQFH RI GLYH VLWHV LQ DQG DURXQG 3DODX V   .HNHUHO (XFKHO  )DYRULWH 6FXED 6LWHV
                                        LVODQGV DQG LVOHWV  $IWHU YLVLWLQJ DQG GLYLQJ LQ 3DODX  \RX ZLOO IRUHYHU UHPHPEHU ZKDW   .LORPHWHUV        1JFKHDQJHO 3DVVDJH   )DYRULWH 6QRUNHOLQJ 6LWHV
                                        DQ DPD]LQJ SODFH WKLV LV  3DODX DQG KHU ZDWHUV DUH RQH RI WKH ZRUOG V PRVW SUHFLRXV   6&$/(            6RXQGLQJV LQ 0HWHUV
       1                                HQYLURQPHQWV  )RU \RXU JUHDW VFXED GLYLQJ DGYHQWXUH  FRQWDFW HLWKHU RI 3DODX V  ELJ             3RLQWV RI ,QWHUHVW  8QSDYHG 5RDG       1
                                3KRWRV E\ .HYLQ 'DYLGVRQ  6DP V 7RXUV  RU ZZZ LVODQGFUXLVHDGYHQWXUH FRP SDODX
                                        WKUHH  GLYH FRPSDQLHV  ZKLFK LQFOXGHV  1(&2 0DULQH  ZZZ QHFRPDULQH FRP   )LVK  1
       *XLGH WR WKH 8QGLVSXWHG          )LQV  ZZZ ILVKQILQV FRP   RU 6DP V 7RXUV  ZZZ VDPVWRXUV FRP   2WKHU UHSXWDEOH             /RGJLQJ  3DYHG 5RDG
                                        GLYH FRPSDQLHV LQFOXGH 0DPO 'LYHUV DQG 'D\ 'UHDP  ZLWK VKRSV LQ .RURU DQG
       %HVW 'LYLQJ LQ WKH :RUOG         3HOHOLX  RU %OXH 0DUOLQ  SOXV PDQ\ VPDOOHU GLYH FRPSDQLHV  )RU OX[XULRXV OLYHDERDUG   5HHI 1JHUHDO       .2525 6WDWH %RXQGDU\
                                                                      1RUWKZHVW
                                        DGYHQWXUHV RQ D VXSHUE GLYH \DFKW YLVLW ZZZ RFHDQKXQWHU FRP  ZZZ DJJUHVVRU FRP
                                                                                                              6WDWH 1DPH
     3ULQWHG RQ :DWHUSURRI  'XUDEOH  6\QWKHWLF 3DSHU  6QRUNHOLQJ ,Q 3DODX   3DODX KDV EHHQ QLFNQDPHG  7KH 8QGHUZDWHU 6HUHQJHWL RI           7HOHEDGHO 5D 1JNHVRO  1RUWK (QWUDQFH        3KRWR E\ 0DQG\ (WSLVRQ  1HFR 0DULQH
                                        3ODQHW (DUWK  E\ ELRORJLVW 5RQ /HLGLFK  :LWK     VSHFLHV RI FRUDO DQG      VSHFLHV RI
                                                                                         1JNHVRO 5HHI
                                        ILVK  WKH GLYHUVLW\ RI PDULQH OLIH LQ 3DODX LV VLPSO\ XQULYDOHG  1RZKHUH HOVH RQ HDUWK
                                        DUH VR PDQ\ VSHFLHV RI ILVK SDFNHG LQWR VXFK D VPDOO JHRJUDSKLF DUHD  $QG EHVW RI DOO
                                        PRVW RI WKLV PDULQH OLIH LV FRQILQHG WR WKH XSSHU    IHHW RI ZDWHU  ZKLFK LV SHUIHFW IRU
                                        VQRUNHOHUV  <RX OO ILQG D PRVW DVWRQLVKLQJ GLYHUVLW\ RI KDELWDWV  ZLWK RYHU     URFN

                                        LVODQGV     PDULQH ODNHV  DQG YHUWLFDO ZDOOV WKDW GHVFHQG IURP D IHZ IHHW GHHS WR D   7HOHEDGHO 5D 1JHUDHO      1JNHVRO 5HHI
                                             IRRW DE\VV  (DFK VQRUNHOLQJ VLWH LV D XQLTXH FUHDWLRQ  3URWHFWHG IURP ZLQG DQG
                                        ZDYHV  3DODX V LQQHU ODJRRQ FRUDO JDUGHQV DUH D GHOLFDWH ZRQGHUODQG  ZKLFK DOVR LV D    :HVW (QWUDQFH
                                        ILVK QXUVHU\  2XWHU UHHIV WHDP ZLWK SODQNWRQYRURXV ILVKHV  ZKLFK DUH VWDONHG E\
                                        SUHGDWRUV LQFOXGLQJ WUHYDOO\ DQG EDUUDFXGD  $OO RI WKLV GUDPD SOD\V LWVHOI RXW EHIRUH
             .25($
              -$3$1
                                        \RXU H\HV LQ FU\VWDO ZDWHUV DPRQJVW WXUWOHV  VKDUNV  UD\V  GROSKLQV  DQG GXJRQJ
             3,
                                        1(&2 0DULQH  )LVK  1 )LQV  6DP V 7RXUV  DQG RWKHU GLYH VKRS RSHUDWRUV ZLOO JLYH \RX D

                                        VQRUNHOLQJ DGYHQWXUH WKDW \RX ZLOO IRUHYHU UHPHPEHU
                                                                                              0DQWD 5D\
       3$/$8   1=                       .D\DNLQJ 3DODX   3DODX V URFN LVODQGV KLGH PDULQH FDYHV  QDWXUDO DUFKHV  VLSKRQ   7RDFKHO 1JNHVRO
                                        WXQQHOV  ED\V  DQG FRFRQXW WUHH EHDFKHV  DOO RI ZKLFK SURYLGH D QDWXUDO SDGGOHU V
                                        SDUDGLVH  /DQGORFNHG VDOW ZDWHU ODNHV ZLWK VXEWHUUDQHDQ RFHDQ ZDWHU FRQQHFWLRQV    .RVVRO 3DVVDJH
                                        SURYLGH LVRODWHG HFRORJLFDO ZRQGHUV IRXQG QRZKHUH HOVH RQ HDUWK  1RYLFH DQG H[SHUW
                                        ND\DNHUV KDYH EHHQ DWWUDFWHG WR 3DODX V VWXQQLQJ SK\VLFDO EHDXW\ DQG LWV GLYHUVLW\ RI
                                        SDGGOLQJ SOD\JURXQGV  (IIRUWOHVV ND\DNLQJ FRQGLWLRQV KDYH RSHQHG D ZRUOG RI
                                        WUDQTXLO EHDXW\ ILOOHG ZLWK VRDULQJ WURSLF ELUGV  HQGHPLF RUFKLGV  PDQJURYH IRUHVWV
                                        DQG FORVH HQFRXQWHUV ZLWK QRUPDOO\ VK\ FUHDWXUHV OLNH WXUWOHV DQG GXJRQJV  7KH   %DL  7KHVH WUDGLWLRQDO PHHWLQJKRXVHV XVHG WR EH FRPPRQ LQ
                                        WXUTXRLVH ZDWHUV RI KLGGHQ ED\V DUH DOVR QXUVHULHV IRU EDE\ VKDUNV DQG VWLQJUD\V  ,Q       3DODX  ZLWK VHYHUDO LQ HYHU\ YLOODJH  7KH %DL ZDV EXLOW XSRQ D
                                        RQO\ D IHZ IHHW RI ZDWHU  ND\DNHUV FDQ HQMR\ WKH VLJKW RI EDE\ EODFNWLS VKDUNV   VWRQH SODWIRUP  DQG ZDV PDGH FRPSOHWHO\ RI ZRRG  ZLWK QR
                                        VZLPPLQJ DPRQJVW FRUDOV DQG ILVKHV  .D\DN FDPSLQJ RQ WKH WURSLFDO EHDFKHV LV WKH   QDLOV  7KH PDLQ WRRO XVHG LQ %DL FRQVWUXFWLRQ ZDV D VKHOO DG]H
              )DEXORXV *XLGHV           XOWLPDWH ZD\ WR HQMR\ WKH LQWLPDF\ RI 3DODX V QDWXUDO SDUDGLVH  6WDUU\ QLJKWV DQG   .ORXO (XFKHO   'HFRUDWLRQV RQ WKH IURQW  EDFN  DQG LQWHULRU FRPSULVH VWRULHV  DQG
              RI )DYRULWH 3ODFHV                                                      (DVW (QWUDQFH   DUH WKH RQO\ IRUP RI ZULWWHQ KLVWRU\ LQ 3DODX  7KHUH ZHUH WZR
              &RS\ULJKW                 RFHDQ EUHH]HV FUHDWH D SHDFHIXO UHVW LQ WKH WUDQTXLO URFN LVODQGV  0RELOH OX[XU\
             )UDQNR 0DSV  /WG           FDPSJURXQGV DGG FRPIRUW DQG DPHQLWLHV WR DQ DOUHDG\ XQIRUJHWWDEOH H[SHULHQFH    1JHUEDUG  W\SHV RI %DL  WKH %DL UD &KHOGHEHFKHO  D FOXEKRXVH %DL  DQG %DL
            ZZZ IUDQNRVPDSV FRP  3KRWR E\ 'RXJODV 3HHEOHV  (DFK RI 3DODX V ELJ GLYH FRPSDQLHV DQG OLYHDERDUGV FDQ JLYH \RX WKH ND\DN    &RUPRUDQ 5HHI       UD 5XEDN  D %DL IRU WULEDO FKLHIV  :RPHQ ZHUH QRW DOORZHG ZLWKLQ
                                        DGYHQWXUH RI D OLIHWLPH  5RQ /HLGLFK  SLFWXUHG  DW OHIW  KDV SURYLGHG WKLV ND\DNLQJ       WKH HODERUDWHO\ GHFRUDWHG %DL UD 5XEDN  %DL UD &KHOGHEHFKHO
                                        LQIRUPDWLRQ  6KRZQ OHDGLQJ D ND\DN DGYHQWXUH IRU 6DP V 7RXUV  5RQ LV D 3DODX   IRUPHG D VFKRROKRXVH ZKHUH FKLOGUHQ ZHUH WDXJKW DERXW ILVKLQJ
            %RRNV $ERXW 3DODX  0DQ\ RI WKH SKRWRV RQ WKLV PDS   OHJHQG IRU KLV LQ GHSWK NQRZOHGJH RI ORFDO ELRORJ\   DQG FDUSHQWU\  $ \RXQJ PDQ V ILUVW VH[XDO H[SHULHQFH ZDV LQ WKLV
                                                                                                  %DL  ZLWK \RXQJ ZRPHQ IURP RWKHU YLOODJHV EURXJKW LQ  LQ
            DUH JUDFLRXVO\ SURYLGHG E\ 0DQG\ (WSLVRQ  0DQG\                                       H[FKDQJH IRU PRQH\ EHDGV  ,W ZDV FRQVLGHUHG DQ KRQRU WR VHUYH
            KDV DXWKRUHG VHYHUDO ERRNV LQFOXGLQJ 3DODX  &XOWXUDO
            +LVWRU\ DQG 1DWXUDO +LVWRU\  %LUGV DQG %DWV RI 3DODX    :RUOG :DU ,, 6KLS DQG $LUSODQH :UHFNV  ,Q 6HSWHPEHU         DV %DL ZRPHQ  ,I WKH\ EHFDPH SUHJQDQW  WKHQ WKDW FKLOG EHFDPH
            DQG RWKHUV  6KH DOVR KDV D IDQWDVWLF FROOHFWLRQ RI   SULRU WR ODQGLQJV E\ $PHULFDQ )RUFHV RQ 3HOHOLX  $QJDXU        WKH FKLOG RI WKH FKLHI DQG WKH ZRPDQ DQG WKH FKLOG UHFHLYHG
            3DODX SKRWRV  , IHOO LQ ORYH ZLWK 3DODX E\ UHDGLQJ   .RQJDXUX  DQG 1JHVHEXV ,VODQGV  PRVW RI 3DODX V VKLSZUHFNV       VXSSRUW DQG VWDWXV  $ W\SLFDO %DL ODVWHG RQO\ DERXW    \HDUV LQ
            0DQG\ V ERRNV ORQJ EHIRUH , HYHU WUDYHOHG WKHUH RU   ZHUH DOUHDG\ O\LQJ RQ WKH RFHDQ ERWWRP  +RZHYHU  PRUH WKDQ       3DODX V WURSLFDO ZHDWKHU  DQG WKHQ KDG WR EH UHEXLOW  3LFWXUHG
            FUHDWHG WKLV PDS   ,QTXLUH DW HWSLVRQ#SDODXQHW FRP   KDOI ZHUH VXQN E\ 8 6  IRUFHV GXULQJ WKH 8 6  2SHUDWLRQ       DERYH LV WKH %DL DW WKH %HODX 1DWLRQDO 0XVHXP  EXLOW LQ
            WR RUGHU WKLV EHDXWLIXO VHW RI ERRNV     '(6(&5$7( 21(  7KLV LV ZKHQ 7DVN )RUFH    &DUULHU VRUWLHV       <HQJHO  XVLQJ WKH WUDGLWLRQDO PHWKRG RI FRQVWUXFWLRQ
                                               RQ 0DUFK              ERPEHG -DSDQHVH WDUJHWV  LQFOXGLQJ   5HHI
                                               VKLSV  DLUFUDIW  DLUFUDIW LQVWDOODWLRQV  DQG GRFNV  )RXU PRQWKV
              3KRWR E\ 0DQG\ (WSLVRQ  1HFR 0DULQH  ODWHU  RQ -XO\             2SHUDWLRQ 61$36+27 FDUULHU VWULNHV
       1                                       IXUWKHUHG WKH GDPDJH DQG VRIWHQHG WKH HQHP\  VLQNLQJ PRUH   1JHUHFKXU        3DFLILF 2FHDQ       1
                                               VKLSV DQG HOLPLQDWLQJ PRUH DLUFUDIW  7KHQ  MXVW EHIRUH 8 6
                                               )RUFHV ODQGHG LQ 6HSWHPEHU       2SHUDWLRQ 67$/(0$7( ,,
                                               DLU DVVDXOWV DGGHG HYHQ PRUH GDPDJH  :LWK WKH ORVV RI             1JHUNHNODX
                                                      -DSDQHVH DQG $PHULFDQ PHQ  WKH ,VODQGV RI 3DODX
                                               ZHUH WDNHQ RYHU E\ 8 6  )RUFHV      5HIHU WR 5HYHUVH 6LGH RI 0DS
                                                                        1JHPHFKHO 3DVVDJH
                                        3KRWR E\ 0DQG\ (WSLVRQ    1*$5&+(/21*  7KH HQG RI %DEHOGDRE ,VODQG FRPSULVHV WKH VWDWH RI 1JDUFKHORQJ  DQ   IRU 'HWDLOV RI %DEHOGDRE

                                         1HFR 0DULQH  DUHD RI ORZ YHJLWDWLRQ DQG JUDVVODQGV  PRVW QRWHG IRU 3DODXnV SUHPLHU DUFKDHRORJLFDO
                                                      VLWH  FDOOHG %DGUXOFKDX  +HUH WKHUH DUH VWRQH IDFH PRQROLWKV RYHU D ILYH DFUH DUHD  ZLWK
                               3KLOLSSLQH 6HD         VRPH GDWLQJ EDFN WR     $ '  +RZHYHU  WKH ORFDO FOLPDWH LV WDNLQJ D WROO RQ WKHVH VWRQH  1*$5&+(/21*
                                                      IDFHV  DQG WKH\ DUH VORZO\ HURGLQJ WR EHFRPH XQUHFRJQL]DEOH  7KLV VWDWH LV DOVR NQRZQ
                                                      IRU GHOLFLRXV FODP FKRZGHU  3DODXnV QDWLRQDO GLVK  IURP IDUPHG JLDQW FODPV
                                                '(9,/),6+ &,7<  $ JUHDW SODFH WR VHH 0DQWD 5D\V  *URXSV RI WKLUW\ RU IRUW\   0(1*(//$1*
                                                DW D WLPH RIWHQ VKRZ XS  VRDULQJ RYHU VHYHUDO FOHDQLQJ VWDWLRQV   :KLWH VSRWWHG

     5RFN ,VODQGV  /RFDOO\ &DOOHG &KHOEDFKHE   3DODX V HPHUDOG JUHHQ URFN LVODQG VFHQHU\ ZLOO   1*$5'0$8  7KLFN FRDVWDO PDQJURYHV IULQJH WKH FRDVW  DQG KLOOV WKHQ ULVH WR 3DODXnV KLJKHVW   1JHUWRHO          (DJOH 5D\
     HQWKUDOO \RX DV \RX WUDYHO WKURXJK E\ ERDW RQ \RXU ZD\ WR DQG IURP GLYH VLWHV  7KH DHULDO   HOHYDWLRQ  1JHUHFKHOXVKXXV  DQG 3DODX V JUHDWHVW ZDWHUIDOO  0HGDODL\HFKDG  7KHUH LV D OLIH   5HHI
     YLHZ RI WKH 6HYHQW\ ,VODQGV JURXS  DV VKRZQ RQ WKLV PDS V WLWOH EORFN DERYH  VKRZV ZK\   VDYLQJ VSULQJ FDOOHG ,NHDP HO 'LRQJ  GLVFRYHUHG E\ DQ ROG  FKLOGOHVV ZLGRZ LQ GLVWUHVV DQG
     WKHVH OLPHVWRQH URFN LVODQGV DGG WR WKH DOOXUH RI 3DODX  &RPSULVHG RI IRVVLOL]HG DQFLHQW   WKLUVW\ EHFDXVH QR RQH ZRXOG KHOS KHU  7KLV VSULQJ KDV SURYLGHG IUHVK ZDWHU WR YLOODJHUV
     FRUDOV  WKH WLQ\ LVOHWV  DV VHHQ DERYH  DUH XQGHUFXW E\ ZDYH DFWLRQ  JLYLQJ WKHP D PXVKURRP   GXULQJ WLPHV RI GURXJKW     1*$5$$5'  7KH LQWHULRU RI WKLV VWDWH KDV GHQVH
     VKDSH  3HRSOH IURP WKH LVODQG RI <DS DQFLHQWO\ XWLOL]HG WKH VPDOOHVW RI FLUFXODU LVOHWV WR FDUYH           IRUHVW DQG UROOLQJ KLOOV  JLYLQJ ZD\ WR FRDVWDO
     WKHLU KXJH PRQH\ VWRQHV  WKH ODUJHVW FXUUHQF\ LQ WKH ZRUOG  6RPH RI WKH URFN LVODQGV DUH   1*$5(0/(1*8, 67$7(  3DODX V ORQJHVW ULYHU  1HUPHVNDQJ  LV IRXQG KHUH  $OVR  1JHUHPGXX   $LZRNDNR  PDQJURYH RQ WKH ZHVW FRDVW DQG VDQG\ SODLQV RQ
                                        %D\ LV D EUHHGLQJ DUHD IRU PDULQH OLIH DQG LV D SURWHFWHG ]RQH  7KLV VWDWH LV IDPRXV IRU WKHLU
     ODUJH HQRXJK WKDW WKH\ HYHQ KDYH VDOWZDWHU ODNHV  ZLWK WKH PRVW IDPRXV RI WKHVH EHLQJ   3DVVDJH  WKH HDVW FRDVW  $Q DQFLHQW  VWRQHSDYHG KLNLQJ WUDLO
     -HOO\ILVK /DNH  $ IHZ LVODQGV DOVR KDYH FDYHV  VRPH EHLQJ IXOO RI KXJH IUXLW EDWV  7R WKH   VHD FXFXPEHU  FKHUHPUXP   D GHOLFDF\ WKDW 3DODXDQV YHU\ PXFK HQMR\ HDWLQJ       FRQQHFWV WKH HDVW DQG WKH ZHVW  7KH WUDLO DOVR
     VRXWK  VRPH RI WKH URFN LVODQGV DOVR KDYH ORYHO\ VDQG\ EHDFKHV DQG VKDOORZ UHHIV  ZKLFK       1JDUGPDX  %.8/ $  SDVVHV D VSULQJ FDOOHG 1JHUFKRNO  DQG 1JHUNDOO
     WRXU RSHUDWRUV ORYH WR YLVLW  3DODX V URFN LVODQGV DUH UHDFKHG RQO\ E\ ERDW         &256$,5 ),*+7(5  7KLV 8 6  1DY\ ) 8 6LQJOH (QJLQH )LJKWHU ZDV GLWFKHG LQ WKH   %D\  1*(6$1*  /DNH  7UDGLWLRQDO YLOODJHV GRW WKH DUHD  ZLWK ROG   6WRQH )DFHV  /DUJH VWRQH IDFH FDUYLQJV DUH IRXQG
                                        VKDOORZV E\ LWV SLORW LQ       7KH SODQH LV PLVVLQJ LWV WDLO VHFWLRQ    VWRQH SODWIRUPV  1JDUDDUG LV DOVR KRPH WR RQH RI   WKURXJKRXW 3DODX  EXW PRVWO\ RQ WKH LVODQGV RI
                                      '(6752<(5 :$.$7$.(            P   P   7KLV ,PSHULDO -DSDQHVH 1DY\   WKH ILQHVW DQG ORQJHVW EHDFKHV LQ 3DODX   %DEHOGDRE DQG .RURU  6RPH PD\ KDYH KDG
    3KRWR FRXUWHV\ RI 7RYD %RUQRYVNL  )LQ  1 )LQV  'HVWUR\HU ZDV VXQN XSULJKW  DQG LV EURNHQ LQWR WZR VHFWLRQV  7KH ZDWHU KHUH   1*(7%21*  1*$5$$5'     UHOLJLRXV SXUSRVHV  EXW PRVW DUH XQH[SODLQHG  ,W
                                      LV VRPHWLPHV PXUN\ DQG FDQ KDYH VWURQJ FXUUHQWV  0DQ\ ILVK OLYH KHUH     %NXODFKHOLG      LV QRW NQRZQ ZKR PDGH WKHVH PRQROLWKLF IDFHV
                                   :(67 &+$11(/  7KLV KXJH FKDQQHO LV XVHG IRU VKLSSLQJ  2XWVLGH WKH PRXWK RI WKH   1*,:$/  7KHUH LV D %UHDGIUXLW 7UHH /HJHQG  ZKLFK   QRU ZK\ VR PDQ\ RI WKHP GHSLFW VFDU\ LPDJHV
               /LYHDERDUG 'LYH %RDW  7KH 2FHDQ +XQWHU ,,, SLFWXUHG KHUH LV   FKDQQHO LV D JRRG  EXW UDUHO\ GRQH QLJKW GLYH  0DQ\ LQYHUWHEUDWHV DQG VKHOOV FDQ EH   $L\DVX  LQFOXGHV D WDOH DERXW D VXQNHQ YLOODJH  5LJKW RII   ZLWK ILHUFH IHDWXUHV  DQG HYHQ IDQJV  3DODX V
               RQH RI PDQ\ GLYH \DFKWV WKDW GLYH YDFDWLRQHUV HQMR\ IRU WKH   IRXQG KHUH  LQFOXGLQJ WKH IDPRXV *ROGHQ &RZULH  6LQFH UHHI VKDUNV VHOGRP VHH GLYHUV    5HHI  1*.(./$8      1JLEWDO ,VODQG  GLYHUV LQGHHG YLVLW D VXQNHQ YLOODJH V   ZHDWKHU DQG WKH JURZWK RI OLFKHQ RQ WKH VWRQH
               GXUDWLRQ RI WKHLU WULS WR 3DODX  7KHVH OX[XULRXV ERDWV KDYH DOO  WKH\ PD\ DFW WHUULWRULDO  7KH FKDQQHO LV VHOGRP GLYHG  EHFDXVH FXUUHQWV DUH VWURQJ   UHPDLQV XQGHU WKH VHD  ZKHUH VWRQH SODWIRUPV FDQ   DUH VORZO\ HURGLQJ WKHP DZD\
               RI WKH DPHQLWLHV IRU D VXSHUE YDFDWLRQ  LQFOXGLQJ VKRUH H[FXU             VWLOO EH VHHQ  1ULULQDHPHODV 6TXDUH LQ WRZQ KDV D
               VLRQV IRU H[SORULQJ  RU D JRRG UHVWDXUDQW  )RU OLYHDERDUG   .,%, 0$58             P   P   7KLV      WRQ      IRRW -DSDQHVH   1*$5'0$8  VSHFWDFXODU %LUG 1HVW PDGH RI VWRQHV FDOOHG o7KH
               DGYHQWXUHV RQ D GLYH \DFKW VHH HLWKHU ZZZ RFHDQKXQWHU FRP    $UP\ &DUJR 6KLS FDSVL]HG LQ WKH FKDQQHO  6RPHWLPHV WKHUH DUH VWURQJ       1HVW RI WKH 0RUQLQJ %LUGp  DQG D VWDWXH RI
               ZZZ DJJUHVVRU FRP  RU ZZZ LVODQGFUXLVHDGYHQWXUH FRP SDODX     FXUUHQWV DW WKLV VLWH    1JLULQJHPHODV  D PLJKW\ ZDUULRU  /HJHQG KROGV WKDW
                                                                                         WKH SHRSOH RI 1JLZDO ZHUH ELJ HDWHUV  FRQVXPLQJ
                         1*$73$1* 67$7(  +RPH WR OHVV WKDQ     SHRSOH  WKLV VWDWH KDV H[WHQVLYH PDQJURYHV  ULYHUV  DQG   %DEHOGDRE   VHYHQ PHDOV DQG QLQH VRXSV HDFK GD\  7KH SKUDVH
                         ZDWHUIDOOV  7KLV LV D JUHDW SODFH WR KLNH DQG ND\DN  1JDWSDQJ DOVR IHDWXUHV DQFLHQW WHUUDFHG KLOOV    1*,:$/      oVHYHQ HDW QLQH VRXSp LV ORFDOO\ FRPPRQ
                         VWRQH PRQROLWKV DQG SDWKZD\V  DQG WZR -DSDQHVH VKULQHV  $QFLHQWO\ WKLV ZDV WKH SRWWHU\   7RDFKHO 0OHQJXL
                         PDNLQJ FHQWHU RI 3DODX EHFDXVH RI WKH SUHVHQFH RI H[FHOOHQW QDWXUDO FOD\    :HVW &KDQQHO   %NXODWDEULXDO
     3KRWR E\ 0DQG\ (WSLVRQ  1HFR 0DULQH  $,0(/,,. 67$7(  7KH ZHWWHVW VSRW LQ 3DODX LV D MXQJOH PRXQWDLQRXV DUHD ZLWK QXPHURXV ZDWHUIDOOV DQG   681.(1 9,//$*(  0(/(.(2.  7KLV VWDWH KDV VDQG\ EHDFKHV  WKLQ IULQJLQJ PDQJURYH
                                                                                             VZDPS\ PDUVKHV  KLOOV  DQG 3DODXnV ODUJHVW IUHVKZDWHU ODNH  1JDUGRN
                      ULYHUV IORZLQJ WKURXJK LWV UDLQIRUHVW LQWHULRU  )DPRXV SUHKLVWRULF WHUUDFHV FDQ EH IRXQG LQ WKH YLOODJH RI   :,/' :(67   %.8/$1*5,,/  1*$5(0/(1*8,      /DNH  7KH 1JDUGRN 1DWXUH 5HVHUYH DQG WKH ODNH PDNH IRU JRRG KLNLQJ
                      1JHGHEHFK  $OVR IDPRXV LV 0DOVRO V 7RPE LQ (OHFKXL 9LOODJH  7KH $LPHOLLN %DL FDQ EH IRXQG MXVW RII WKH   &25$/ *$5'(1
                      PDLQ URDG                                                              DQG ELUGZDWFKLQJ  $V RI 2FWREHU       WKH FDSLWDO RI 3DODX LV QRZ
                                                                                             1JHUXOPXG  ORFDWHG LQ 0HOHNHRN 6WDWH
                       +(/0(7 :5(&.  '(37+ &+$5*( :5(&.               P   P  7KLV XQLGHQWLILHG         P    %/,6$1*
                       -DSDQHVH &DUJR 6KLS ZDV VXQN XSULJKW RQ D VDQG\ VORSH ZLWK WKH ERZ DW        P  DQG WKH VWHUQ      %$%(/'$2%  $W    PLOHV ORQJ E\    PLOHV ZLGH      NP [    NP   %DEHOGDRE LV   3KRWR E\ 0DQG\ (WSLVRQ
                                                                                     0LFURQHVLD V WKLUG ODUJHVW LVODQG  *XDP   3RKQSHL DUH ODUJHU   0XFK RI %DEHOGDRE
       1               DW         P   6WDFNV RI -DSDQHVH KHOPHWV IRXQG LQVLGH JLYH WKH ZUHFN LWV QDPH  EXW WKHUH DUH DOVR   1JHUHPHGXX   0(/(.(2.  LV XQGHYHORSHG  DQG WKH HQWLUH ZHVW FRDVW LV IULQJHG ZLWK PDQJURYH  ZKLFK   1HFR 0DULQH       1
                       JDV PDVNV  DPPXQLWLRQ FOLSV  DQG DQ    PP GHFN JXQ DW WKH VWHUQ  7KLV ZUHFN ZDV GLVFRYHUHG LQ
                                                                                     SURWHFWV WKH FRDVW  EXW DOVR LQKLELWV GHYHORSPHQW  +RZHYHU  DQFLHQW FLYLOL]DWLRQ LV
                             DQG KDV VLQFH EHHQ D SRSXODU GLYH IRU 3DODX GLYH RSHUDWRUV  7KH GHFN KDV D FRDW RI FRUDOV    %D\  1*(58/08'  DSSDUHQW HYHU\ZKHUH DV D ODUJH SDUW RI 3DODX V  %LJ ,VODQG  LV WHUUDFHG IRU
                       FRORUIXO VSRQJHV  DQG ELJ R\VWHUV                             IDUPLQJ  SOXV WKHUH DUH PDQ\ DQFLHQW VWRQH SDWKZD\V DQG %DL SODWIRUPV  7KH
                                                                                        PRGHUQ  &RPSDFW 5RDG  FLUFXPQDYLJDWHV %DEHOGDRE  1RZ WRXULVWV DQG ORFDOV FDQ
                    &+$1'(/,(5 &$9(  $ ZHOO GHYHORSHG FDYH V\VWHP  ZLWK WZR ODUJH XQGHUZDWHU FDYHUQV   HDVLO\ GULYH WR WKH QHZ FDSLWRO LQ 0HOHNHRN  DQG WR PDQ\ KLVWRULF DQG QDWXUDO VLWHV
                    DQG VHYHUDO VPDOOHU FDYHUQV DERYH ZDWHU  'LYHUV FDQ UHPRYH WKHLU 6&8%$ JHDU DQG ZDON  DURXQG WKH LVODQG  7KHUH DUH QR JDV VWDWLRQV  %ULQJ ZDWHU  IRRG  DQG WLUH FKDQJLQJ
    7LQ\ %HDFKHV  0DQ\ RI 3DODX V URFN LVODQGV   RU FUDZO DERXW  3OHDVH EH UHVSHFWIXO RI WKH FDYH V IUDJLOLW\        1*$73$1*  HTXLSPHQW  1HFR 0DULQH DQG 6DP V 7RXUV RIIHU VXSHUE RQH RU WZR GD\ WRXUV
    KDYH VFHQLF  ZKLWH VDQG EHDFKHV ZKHUH
    GLYH ERDWV VWRS IRU D UHVW RU D OXQFK EUHDN   7(6+,2 0$58             P   P  7KLV      WRQ          P  -DSDQHVH $UP\ &DUJR 6KLS UHVWV           1*&+(6$5  7KLFN PDQJURYH IRUHVWV PDNH XS WKH FRDVWOLQH  DORQJ ZLWK
    EHWZHHQ GLYHV       VWDUERDUG VLGH GRZQ QHDU :HVW &KDQQHO PDUNHU      7KHUH LV H[FHOOHQW DFFHVV IRU H[SORUDWLRQ    5DHO (GHQJ  1*&+(6$5
                  DQG WKH YLVLELOLW\ KHUH LV XVXDOO\ JRRG  7DPH EDWILVK RQ WKLV ZUHFN SRVH IRU SKRWRJUDSKHUV    ,GLPV 5HHI  FRFRQXW SDOPV  7KH WHUUDFHV LQ 1JHUQJHVDQJ 9LOODJH DUH H[DPSOHV RI
                  &DXWLRQ  6WLQJLQJ K\GURLGV OLNH WR JURZ RQ VKLSZUHFNV  :HDU DW OHDVW D IXOO O\FUD VXLW DQG JORYHV    %.8/1*(7&+8,5  DQFLHQW DJULFXOWXUDO WHUUDFLQJ IURP     $ '  WR      $ '  2SHQ IRUHVW
                  %ULQJ D OLJKW  3HQHWUDWLQJ WKLV ZUHFN RU DQ\ RWKHU RQH LV ULVN\     DQG WUDLOV DUH SRSXODU IRU WUHNNLQJ  3HRSOH KHUH KDYH D WUDGLWLRQDO EHOLHI
   5$,=$1 0$58              P   P  7KLV      WRQ          P  -DSDQHVH 1DY\ &DUJR      $,0(/,,.  %/8( 6($ /$.(  WKDW WKH ZKLWH VSRWWHG HDJOH UD\ LV WR EH UHYHUHG  DV LW LV UHODWHG WR
                                                                                      6SLULWV  7KH WUDGLWLRQDO ZDU FDQRHV KHUH DUH GHFRUDWHG ZLWK HDJOH UD\
   6KLS KDV EHHQ KHDYLO\ VDOYDJHG DQG LV QRW YHU\ JRRG IRU H[SORUDWLRQ  DOWKRXJK VKH VSRUWV   LPDJHV  +XQWLQJ DQ HDJOH UD\ ZRXOG EULQJ EDG OXFN RQ WKH YLOODJH
   D ZRQGHUIXO DUUD\ RI ILVKHV                                   1*(5.($,                                  -HOO\ILVK /DNH  $FFHVV WR 3DODX V IDYRULWH
   /67 7              P   P  7KLV      WRQ          P  -DSDQHVH 1DY\ /DQGLQJ 6KLS KDV                      VQRUNHOLQJ VSRW EHJLQV DW WKH 0DFKDUFKDU
   EHHQ KHDYLO\ GDPDJHG E\ ERPEV  DQG PDNHV IRU DQ H[FHOOHQW DQG XQLTXH GLYLQJ H[SHULHQFH         1JHPHODFKHO 3DVVDJH  ,VODQG GRFN  WKHQ D VHPL GLIILFXOW KLNH WR
   7KLV ZUHFN LV SDUWLFXODUO\ JRRG IRU SHQHWUDWLRQ DQG H[SORUDWLRQ     +DZNVELOO 7XUWOH                    D IORDWLQJ GRFN HQWU\ DW WKH ODNH V HGJH
   $0$768 0$58              P   P  7KLV KXJH        WRQ           P  -DSDQHVH 1DY\   1JHUWDFKHEHDE  1*&+(6(&+$1*  ZKHUH VQRUNHOHUV HDVH LQWR WKH EUDFNLVK
                                                                                                           ZDUP ZDWHU DQG VZLP WR WKH PLGGOH RI
   &RPELQHG )OHHW 7DQNHU LV DOVR FDOOHG WKH o%ODFN &RUDO :UHFN  VLQFH LW ZDV LGHQWLILHG E\   -$.( 6($3/$1(          P  7KLV -DSDQHVH $LFKL (  $ 1DY\ 7\SH     -$.( 6($3/$1(6  7KHVH -DSDQHVH $LFKL (  $ 1DY\ 7\SH
   LWV FRUDO WUHHV EHIRUH LWV UHDO QDPH ZDV NQRZQ  ,WV RLO ZDV UHFRYHUHG  EXW WZR -DSDQHVH   6HDSODQH )LJKWHU LV D FODVVLF DLUSODQH ZUHFN  ,W LV VXQN XSULJKW RQ WRS    .RPHEDLO /DJRRQ   $,5$,  )LJKWHU 6HDSODQHV VLW OHVV WKDQ        P  DSDUW  VXQN IRU   WKH ODNH  7KHUH WKH\ ILQG DQ XQEHOLHYDEOH
   VDOYDJH FRPSDQ\ ZRUNHUV GLHG LQ WKH HIIRUW     RI VRPH FRUDO KHDGV  DQG LV IDQWDVWLF IRU H[SORUDWLRQ DQG SKRWRJUDSK\     VQRUNHOHUV WR VHH  2QH LV LQ D QDWXUDO FDYH  ZKLFK ZDV XVHG   QXPEHU RI *ROGHQ 0DVWLJLDV -HOOLHV
                                                                                                           SXOVDWLQJ WR EH LQ WKH VXQVKLQH  $W D
   &+8<2 0$58               P   P  7KLV      WRQ          P  -DSDQHVH $UP\ &DUJR   1JHUGLOXFKHV     WR FRQFHDO VHDSODQHV GXULQJ ::,,     GHHSHU OHYHO WKHUH DUH $XULOLD 0RRQ
   6KLS ZDV VXQN XSULJKW  7KH FRUDO FRYHUHG GHFN LV DW        P  GHSWK  7KH VWHUQ V GHFN   5HHI  1JHWQJRG 5HHI  -HOOLHV  EXW \RX ZLOO QRW OLNHO\ VHH WKHP DV
   JXQ DOVR LV HQFUXVWHG ZLWK FRUDO DQG PDULQH OLIH  1XPHURXV ILVK ORYH WKLV KRPH       *2,.8/  $,5$,  $ VXVSHQVLRQ EULGJH IURP .RURU FDOOHG WKH o-DSDQHVH )ULHQGVKLS %ULGJHp   WKH\ SUHIHU WR EH GHHSHU  1HLWKHU KDV D
   5<8.2 0$58               P   P  7KLV      WRQ          P  -DSDQHVH &DUJR 6KLS ZDV   1JHUHNHEHVDQJ  $,5$,  FRQQHFWV .RURU WR WKLV VWDWH  SOXV WR 3DODX ,QWHUQDWLRQDO $LUSRUW  7KH $LUDL %DL LV WKH   VWLQJ  ,Q WKH GHSWKV RI WKH ODNH  WKH ZDWHU
   VXQN XSULJKW  DQG LV D JRRG ZUHFN IRU SHQHWUDWLRQ          7RDFKO 0LG 3DVVDJH     RQO\ WUDGLWLRQDO EXLOGLQJ UHPDLQLQJ LQ 3DODX IURP WKH     V  $OVR IURP WKH     V   KDV SRLVRQRXV K\GURJHQ VXOILGH  DQG
                                                                                  WKHUH LV D <DSHVH 6WRQH 0RQH\ 4XDUU\  7KLV VWDWH LV ULQJHG ZLWK PDQJURYH IRUHVWV
                                                                                                           WKHUHIRUH VFXED GLYLQJ LV QRW DOORZHG  DQG
   6,$(6 &251(5                P  7KLV FRUQHU MXWV RXW LQWR WKH 3KLOLSSLQH 6HD WR DWWUDFW VKDUNV    .RURU      DQG LV GLYLGHG E\ WKH 1JHULPHO 5LYHU  <RX ZLOO DOVR ZDQW WR YLVLW &KDGHV HU D   LW LV DOVR QRW D JRRG LGHD WDNH D GHHS IUHH
   EDUUDFXGD  DQG PDQ\ ELJ SHODJLF VSHFLHV  7KH VRIW FRUDOV RI WKH ZDOOV DUH IDEXORXV  DV DUH WKH       0HFKRUHL  WKH WUDGLWLRQDO FDXVHZD\ LQ $LUDL  FRQVWUXFWHG RXW RI VWRQHV PDQ\ \HDUV   GLYH  3OHDVH GR QRW KDQGOH RU NLFN WKH
   KDUG FRUDOV QHDU WKH WRS RI WKH ZDOO  2IWHQ D VZLIW DQG IXQ GULIW GLYH       .2525         DJR  $LUDL LV VHFRQG RQO\ WR .RURU LQ SRSXODWLRQ   IUDJLOH MHOO\ILVKHV

   6,$(6 7811(/                P  7KLV IDYRULWH VLWH KDV DQ DZHVRPH FDYHUQ ZLWK D KXJH      .$,%$.8 7811(/
   HQWUDQFH DQG D SDLU RI ZLGH ZLQGRZV WR H[LW  %ODFN FRUDOV DQG VHD IDQV DGRUQ WKH ZLQGRZV    5HERWHO 5HHI  0DODNDO
   :KLWH WLSV VOHHS LQ WKH WXQQHO RU FUXLVH WKH RXWHU ZDOO  /LJKW GRHV VWUHDP LQWR WKH FDYHUQ        +DUERU  3,//%2; &+$11(/
   EXW EULQJ D IODVKOLJKW WR VHH WKH GHWDLOV
   85$.$0, 0$58              P   P  7KLV      WRQ           P  -DSDQHVH 7RUSHGR %RDW
   7HQGHU ZDV VXQN ZLWK D KDUG VWDUERDUG OLVW  3DUWLDOO\ VDOYDJHG  EXW JRRG WR H[SORUH                %82< 12    :5(&.             P   P  7KLV XQLGHQWLILHG         P  -DSDQHVH ILVKLQJ ERDW
                                                                              VLWV XSULJKW ZLWK D VOLJKW VWDUERDUG OLVW ULJKW DW WKH HGJH RI WKH VKLSSLQJ ODQH  ,W LV HQFUXVWHG
   6$7$              P   P  7KLV PDVVLYH        WRQ           P  ,PSHULDO -DSDQHVH 1DY\ )OHHW 7DQNHU   :HVWHUQ     ZLWK VRIW FRUDOV  VHD IDQV  DQG HYHQ EODFN FRUDO  DQG LW KRVWV VZDUPV RI ILVK  1LJKW GLYHUV OLNH
   ZDV VXQN FDSVL]HG E\ 8 6  ZDUSODQHV RQ WKH VDPH GD\ LQ       DQG MXVW D IHZ KXQGUHG IHHW DZD\ IURP    /DJRRQ  WKLV SKRWRJHQLF VSRW   7LWDQ 7ULJJHUILVK
   LWV VLVWHU VKLS  WKH ,52  6LQFH WKLV VKLS VWUXFWXUH LV FROODSVLQJ  VKH LV QRW UHFRPPHQGHG IRU SHQHWUDWLRQ        8OHEVHFKHO 1JHO &KDQQHO  8FKHOEHOXX        %XOOHWKHDG
   +RZHYHU  VKH LV RYHUJURZQ ZLWK D ZRQGHUIXO DUUD\ RI PDULQH OLIH  DQG KRVWV D WRQ RI ILVK     8/21* &+$11(/     5HHI  5HIHU WR 5HYHUVH 6LGH RI 0DS   3DUURWILVK
   ,52              P   P  7KLV        WRQ           P  ORQJ ,PSHULDO -DSDQHVH 1DY\ )OHHW 7DQNHU    8ORQJ      IRU 'HWDLOV RI .RURU  ,PPDWXUH
   VLVWHU VKLS WR WKH 6$7$  ZDV ERPEHG  EXUQHG  DQG VXQN XSULJKW E\ 8 6  ZDUSODQHV  ,WV HQWLUH OHQJWK            -$3$1(6( =(52  7KLV -DSDQHVH 0LWVXELVKL $ 0 1DY\ 7\SH   )LJKWHU  =HNH
   FDQ EH H[SORUHG  DORQJ ZLWK LWV ODUJH JXQV  7KH VKLS LV VWLOO SHQHWUDEOH  7KLV LV RQH RI 3DODX V PRVW   .ORXHO 7RL           FUDVKHG XSVLGH GRZQ DW        P  GHSWK  7KH o3DODXDQ /DJRRQ 0RQXPHQWp   5HGWRRWK
   SRSXODU ZUHFN GLYHV                                                      VHFWLRQ RI 3DODX V FRQVWLWXWLRQ SURWHFWV WKLV DQG DOO RWKHU ::,, DLUFUDIW DQG   7ULJJHUILVK
                                                                                                       3DUURWILVK
   1$*,6$1 0$58              P   P  7KLV      WRQ           P  -DSDQHVH                  VKLSZUHFNV IURP ORRWHUV  +RZHYHU  WKLV XQHQIRUFLEOH ODZ ZDV LJQRUHG DQG   +XPSKHDG
   1DY\ 3DVVHQJHU &DUJR 6KLS ZDV VXQN XSULJKW  0XFK RI WKH VKLS KDV   087,<$85 :$//  1JHUXNWDEHO       WKLV ZUHFN  OLNH DOO RWKHU DFFHVVLEOH ZUHFNV  KDV EHHQ VWULSSHG RI DQ\WKLQJ
       1  FROODSVHG  EXW VKH LV H[FHOOHQW IRU H[SORUDWLRQ           /21* /$.(  WKDW FRXOG EH UHPRYHG  ,W LV VWLOO LQWHUHVWLQJ  DQG IXOO RI ILVK   2UDQJHVWULSHG        1

   .$0,.$=( 0$58               P   P  7KLV      WRQ           P  -DSDQHVH 1DY\ 0RWRU 7RUSHGR
     %RDW 7HQGHU ZDV VXQN XSULJKW  DQG KDV EHHQ SDUWLDOO\ VDOYDJHG  7RUSHGRHV DQG DUWLOOHU\ VKHOOV FDQ       6+257 '523 2))  1$87,/86 ',9(                P   P   &KDPEHUHG QDXWLOXV OLYH LQ WKH   7ULJJHUILVK  %LFRORU 3DUURWILVK
   VWLOO EH IRXQG KHUH  7KLV VLWH RIWHQ KDV SRRU YLVLELOLW\  DQG LV QRW UHFRPPHQGHG IRU SHQHWUDWLRQ     *DUPHGLX  GHSWKV EHORZ  DORQJ WKLV ZDOO  6LQFH WKH\ DUH EH\RQG GLYH OLPLWV  WKH DQFLHQW FUHDWXUHV DUH OXUHG   &ORZQ
   %,&+8 0$58             P   P   7KLV      WRQ           P  -DSDQHVH $UP\ &DUJR 6KLS VLWV ZLWK D      5HHI       LQWR FDJHV ZLWK EDLW  DQG WKHQ UHOHDVHG IRU GLYHUV WR VHH  6LQFH WKH QDXWLOXV OLNH WKH ZDWHU FROG    7ULJJHUILVK  -XYHQLOH
                                                                        GDUN  DQG GHHS  WKH\ VRRQ KHDG KRPH  7KLV LV D SRSXODU KDQJRXW IRU D ODUJH QXPEHU RI EDUUDFXGD
   KHDY\ OLVW WR SRUW  \HW KDV JRRG SHQHWUDWLRQ DFFHVV  $ WDOO IRUHPDVW DVFHQGV WR ZLWKLQ       P  RI WKH   1DXWLOXV  SOXV LW LV IUHTXHQWHG E\ SHODJLFV  PDQWD UD\V  HDJOH UD\V  DQG MXYHQLOH JUH\ UHHI VKDUNV
   VXUIDFH  7KLV ZUHFN KDV DOVR EHHQ FDOOHG WKH +RNXWDL 0DUX DQG WKH *R]DQ 0DUX  EXW LV QRZ FRQILUPHG     3LFDVVR
   WR EH WKH %LFKX 0DUX                         1HFR              /,*+7+286( &+$11(/  .(6(%(.88 &+$11(/             P   P  7KLV LV WKH PDLQ   7ULJJHUILVK
   62)7 &25$/ $5&+  6KDOORZ VQRUNHOLQJ RQO\  7RXU RSHUDWRUV KDYH GLVFRYHUHG D SHUIHFW SODFH WR EULQJ       FKDQQHO WR .RURU +DUERU IRU VKLSSLQJ  7KH OLJKWKRXVH GDWHV WR ::,,  6WURQJ FXUUHQWV
   ERDWORDGV RI IDVFLQDWHG VQRUNHOHUV  ZKR VZLP WKURXJK DQ DUFK ZKHUH WKH ZDWHUV DUH ILOOHG ZLWK FRORUIXO       <RR 3DVVDJH       IOXVK WKURXJK WKLV FKDQQHO  EULQJLQJ QXWULHQWV WR D P\ULDG RI WLQ\ PDULQH RUJDQLVPV
   GHOLFDWH VRIW FRUDOV  OLRQ ILVK  FUD\ROD VKULPS  FUDEV  DQG OLWWOH GDPVHOILVK  2IWHQ WKLV VQRUNHOLQJ DGYHQWXUH       %LUG :UDVVH
                                                                                                                   &LUFXODU
   LV GRQH E\ VFXED GLYHUV RQ D UHWXUQ WULS WR .RURU DIWHU GLYLQJ     6HYHQW\   -$3$1(6( =(52 ,,  7KLV -DSDQHVH 0LWVXELVKL $ 0 1DY\ 7\SH   )LJKWHU  =HNH  VLWV LQ MXVW       P    6SDGHILVK
   %/8( +2/(6  7R         P  )RXU YHUWLFDO VKDIWV ULJKW QH[W WR %OXH &RUQHU DW WKH 1JHPHOLV   ,VODQGV  RI ZDWHU RQ D VKDOORZ UHHI  ,W LV D SRSXODU VQRUNHOLQJ VSRW  DOWKRXJK WKH SODQH KDV ORQJ VLQFH EHHQ   *UHHQ 6HD 7XUWOH  -XYHQLOH   %DWILVK
   ,VODQG JURXS DUH GLYHG IURP NQHH GHHS DQG VWUDLJKW GRZQ  WR H[LWV DW        P  LQWR D KXJH        VWULSSHG RI DOO UHPRYDEOH SDUWV
   VXQ OLW FDWKHGUDO FKDPEHU  ZKLFK RSHQV RXW LQWR WKH RSHQ RFHDQ RI WKH VWHHS GURS RII   ,Q D                      -XYHQLOH
   JRRG FXUUHQW  \RX FDQ GULIW DORQJ WKH YHUWLFDO ZDOO RYHU WR %OXH &RUQHU IURP KHUH  RU GR WKH       &/$0 &,7<            P  P  *LDQW FODPV  ORFDOO\ FDOOHG o2WNDQJp  KDYH EHHQ SODQWHG RII %DXOHV
   ZKROH WKLQJ LQ UHYHUVH              0DFKDUFKDU  -HOO\ILVK /DNH %RDW 'RFN  ,VODQG  $PRQJVW WKH FODPV WKHUH DUH D IHZ FRUDO KHDGV ZKHUH WKH FRQVSLFXRXV OLRQILVK OLYH   <HOORZWDLO &RULV
   %/8( &251(5  7R          P  7KLV IDPRXV DQG SRSXODU GULIW GLYH PDNHV IRU DQ                          %OXH 'HYLO
   RXWVWDQGLQJ VKDUN DGYHQWXUH IRU DGYDQFHG GLYHUV  <RX GLYH KHUH WHQ WLPHV  DQG KDYH   -(//<),6+ /$.(  6XUIDFH VQRUNHOLQJ RQO\  $FFHVV LV YLD D VHPL GLIILFXOW KLNH WR D ORYHO\ PDQJURYH URRWHG HQWU\ RII RI D
   WHQ GLIIHUHQW GLYH H[SHULHQFHV  6FKRROV RI JUH\ UHHI VKDUNV DUH RIWHQ VHHQ  DV ZHOO DV   2PHNDQJ  IORDWLQJ SODWIRUP DW WKH ODNH V HGJH  7KH DWWUDFWLRQ IRU VQRUNHOHUV WR WKLV EUDFNLVK ODNH DUH PLOOLRQV RI JHQWOH MHOO\ILVK
   QXPHURXV UHHI ILVKHV  'LYHUV KDQJ RQ LQ VWURQJ FXUUHQWV DW VSHFLILF ORFDWLRQV WR ZDWFK   ,VODQGV  LQFOXGLQJ WZR VSHFLHV  WKH *ROGHQ 0DVWLJLDV  WKH RQH \RX ZLOO VHH IRU VXUH  DQG WKH $XULOLD 0RRQ  WKH RQH WKDW LV XVXDOO\
   WKH ELJ ILVK DFWLRQ  ZKLFK PLJKW LQFOXGH WXQD  PDUOLQ DQG 1DSROHRQ  KXPSKHDG    WRR GHHS WR VHH   7KHLU VWLQJ LV VR VOLJKW WKDW \RX FDQ W IHHO LW  ,Q WKH GHSWKV RI WKH ODNH WKH ZDWHU KDV OLWWOH R[\JHQ DQG
   ZUDVVH  $ORQJ WKH ZDOO WKHUH DUH ODUJH VFKRROV RI 0RRULVK LGROV  ,Q FDOP QRRNV DQG   PXFK SRLVRQRXV K\GURJHQ VXOILGH  WKHUHIRUH QR VFXED GLYLQJ LV DOORZHG  DQG GRQ W WDNH D GHHS IUHH GLYH HYHQ LI \RX FDQ    &XWWOHILVK  3RUFXSLQHILVK  %ODFNILQ +RJILVK  /RQJ )LQ
   FUDQQLHV  GLYHUV HQFRXQWHU VOHHSLQJ WXUWOHV DQG ZKLWH WLS UHHI VKDUNV   0RVW GLYH   7KH ORFDO FURFRGLOHV DQG PRQLWRU OL]DUGV WHQG WR LJQRUH KXPDQV  3OHDVH GRQ W KDQGOH RU NLFN WKH IUDJLOH MHOO\ILVKHV   6SDGHGILVK
   RSHUDWRUV WDUJHW %OXH &RUQHU IRU WKHLU FXVWRPHUV  EHFDXVH LW LV DOZD\V JUHDW   *HUPDQ &KDQQHO  'HQJHV 3DVVDJH
   9,5*,1 %/8( +2/(  7R          P  7KLV QDUURZ KROH JRHV VWUDLJKW GRZQ IURP   1JHPHOLV  %(/82:$5  /,*1,7(  7KLV      WRQ           P  8 6  &RQFUHWH %DUJH VLWV DOPRVW HQWLUHO\ RQ LWV SRUW VLGH  ZLWK KHU IRUH   +DUROG V
   VKRXOGHU GHHS WR         P   WKHQ KRUL]RQWDOO\ WKURXJK D VXEZD\ WXQQHO WR WKH   1*(0(/,6  1JHUHFKRQJ  VHFWLRQV H[SRVHG DERYH WKH ZDWHU  6KH LV JUHDW IRU H[SORUDWLRQ  DQG KDV YHU\ VKDOORZ GHSWKV     2ULHQWDO  $QJHOILVK  6FLVVRU 7DLO
   ZDOO  ZKHUH \RX H[LW DQG VZLP ZLWK WKH FXUUHQW HLWKHU ZD\  GHSHQGLQJ RQ WKH   &25$/ *$5'(1  *(50$1 :$//  6ZHHWOLSV  6HUJHDQW  6WDJKRUQ  %OXH %R[ILVK
   WLGH  7KH ZDOO LV VLPSO\ PDJQLILFHQW  DQG XVXDOO\ IHDWXUHV ZKLWHWLS VKDUNV  SOXV   1*(5&+21*  1*(5&+21* 1257+ &25$/ *$5'(1  7R        P  7KLV UHHI LV ORDGHG ZLWK EHDXWLIXO  FRORUIXO FRUDO IRUPDWLRQV    'DPVHOILVK
   OLRQILVK LQ QRRNV DQG FUDQQLHV   1*(0(/,6 :$//  '523 2))  7KH VORSLQJ ERWWRP WXUQV LQWR D VDQG FKDQQHO ZKHUH VRPHWLPHV PDQWD UD\V DQG UHHI VKDUNV DUH VHHQ   7KUHHVSRW
   1(: '523 2))               P   P   $V WKH UHHI FXUYHV DURXQG WKH FRUQHU                         6KHSDUG V   $QJHOILVK
                                                                                                        J
                                                                                                     I
                                                                                                    HOILVK
   RI WKH LVODQG  WKH QDWXUH RI WKH GURS RII FKDQJHV DV LW JHWV IXOO RI QRRNV DQG   %$5180   1JHUFKHX  *(50$1 &+$11(/  7R       P  7KLV VDQG\ ERWWRP FKDQQHO LV       P  GHHS DQG           P  ORQJ  DQG LW ZDV FXW   )ODPH   $QJHOILVK
                                                  WKURXJK WKH UHHI E\ WKH *HUPDQV LQ WKH HDUO\     V  7KH PDLQ DWWUDFWLRQ LV QRW WKH P\ULDG RI UHHI ILVKHV  WKH LQWHUHVWLQJ
   FUDQQLHV LQ FUDFNV  FUHYLFHV  DQG FXWV  'LYHUV VHH PDQ\ EXWWHUIO\ILVK DQG   :$//  VKHOOV  QRU WKH OHRSDUG VKDUNV  EXW WKH SDUDGH RI PDQWD UD\V WKDW XVH WKH FKDQQHO WR JR IURP WKH RSHQ RFHDQ WR WKH   &RQYLFW 7DQJ  $QJHOILVK  6HUJHDQW 0DMRU
   VFKRROV RI VQDSSHU  SOXV D IHZ WXUWOHV DQG VKDUNV  %ODFN FRUDO WUHHV SURWUXGH   LQQHU ODJRRQ  7KH YLHZ LV HVSHFLDOO\ JRRG DV WKH FOHDU LQIORZLQJ WLGH ZDWHUV UXQ WKURXJK WKH FKDQQHO  *RRG QLJKW GLYH   /\HU  /XQDU
   IURP WKH ZDOO  &DXWLRQ  7LGH FKDQJHV DQG ZHDWKHU FDQ PDNH VXUIDFLQJ LQ WKH   1*(5&+(8                          7DLO *URXSHU
   ULJKW SODFH DZD\ IURP WKH UHHI PRUH LPSRUWDQW  EHFDXVH GLYH ERDWV DUH   *$5'(1              5HJDO $QJHOILVK
   XQDEOH WR PDQHXYHU WRR FORVH WR WKH UHHI     0$17$ 5$< &/($1,1* 67$7,21             P     P   -XVW RXWVLGH RI *HUPDQ &KDQQHO LQ WKH VDQG\ VORSH   %OXH 7DQJ  ( (PSHURU $QJHOILVK
                                                                                                      UR
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      HU
                                                                                                    (PSHURU $QJHOILVK
                                                                                                      UR
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      UR
                                                                                                       $
                                                                                                       $
                                                                                                       $
                                                                                                      U
                                                                                                      U
                                                                                                      UR
                                                                                                      U
                                                                                                      U
                                                                                                      U
                                                                                                      UR
                                                WKHUH DUH QXPHURXV FRUDO KHDGV ZKHUH OLWWOH FOHDQHU ZUDVVH SLFN WKH SDUDVLWHV RII RI EHKHPRWK PDQWD UD\V  DV
   %,* '523 2))  1*(0(/,6 :$//                   P   6FXED GLYHUV DQG   1JHGEXV   ZHOO DV D IHZ RWKHU FXVWRPHUV  VXFK DV WXUWOHV   0DQWDV FRPH KHUH WR PDWH LQ WKH ZLQWHU  EXW VRPHWLPHV GR QRW
   VQRUNHOHUV ERWK HQMR\ WKLV EHDXWLIXO ZDOO EHFDXVH LW VWDUWV QHDU WKH VXUIDFH  WKHQ   6+,3:5(&.   ,VODQG  VKRZ XS GXULQJ WKH VXPPHU   6XPPHU EULQJV DJJUHVVLYH WULJJHUILVKHV  ZKLFK OD\ WKHLU HJJV DW WKH FRUDO KHDGV     3DQWKHUILVK
   SOXQJHV VWUDLJKW LQWR WKH GHHS  7KH VKDOORZ UHHI H[WHQGV DOO WKH ZD\ WR WKH LVODQG    32,17
   1JHPHOLV :DOO LV 3DODX V RULJLQDO GLYH VLWH  $Q ROG  YHU\ ODUJH JROGHQ VHD IDQ MXWV   1JHWEDU  &DUS ,VODQG 5HVRUW  6HUHQH  EDFN WR EDVLFV UHVRUW DW WKH VRXWKHUQ WLS RI D EHDXWLIXO VWDU VKDSHG   3HDFRFN
                                                                                                                   *URXSHU
   VWUDLJKW RXW RII WKH ZDOO DW        P   $W WKH QRUWKHUQ HQG RI WKH LVODQG ZKHUH   'HEHG  5HHI  LVODQG  MXVW PLQXWHV E\ ERDW WR WKH ZRUOG V EHVW GLYLQJ  DQG KLVWRULF 3HOHOLX     2UDQJHVSLQH
                                                                                       ILVK
   GLYH ERDWV XVXDOO\ WDNH DQ LQWHUYDO OXQFK EUHDN  WKHUH LV D ::,, $PHULFDQ   5HHI  8QLFRUQILVK     *UHDV\ *URXSHU
   PRRULQJ FKDLQ DQG PHWDO EDOO  HQFUXVWHG ZLWK PDULQH OLIH   25$1*(   7857/( &29(            P   P  7KLV VDQG\ FRYH LV D WUDGLWLRQDO KDZNVELOO WXUWOH QHVWLQJ VLWH  EXW    6TXDUHVSRW
                                                                                             1DSROHRQ
   1*('(%86 :$//              P   P  6WHHS VORSLQJ UHHI LV QRWHG IRU RQH RI WKH   %($&+  1*(5.6,8/  KXPDQ HQFURDFKPHQW KDV DOO EXW HOLPLQDWHG WKLV SKHQRPHQRQ  7KH VKDOORZ UHHI IODW KDV WZR VZLP   :KLWH 0DUJLQ   +XPSKHDG  :UDVVH %OXHJUHHQ   $QWKLDV
                                                                                             S S S S S S S S S S S S S S S S S
   PRVW DPD]LQJ FUHDWXUHV LQ WKH ZKROH RFHDQ  WKH FXWWOHILVK  7KH\ JHW WR DERXW      WKURXJK WXQQHOV OHDGLQJ WR WKH RXWHU UHHI ZDOO  2QH OHWV RXW DW         P   DQG WKH RWKHU DW        P      8QLFRUQILVK  &RUDO *URXSHU
                                                             \

                                                                  T
      FP  ORQJ  0RVW FRPPRQO\  KRZHYHU  GLYHUV ZLOO ILQG DQ DUUD\ RI FRORUIXO   7KH ZDOO LV ORDGHG ZLWK VRIW FRUDOV  VHD IDQV  S\UDPLG EXWWHUIO\ILVKHV  DQG FXWH VTXLUUHOILVK     &KURPLV  %ODFNVSRWWHG
                                                                                         I
                                                                                         I
   WURSLFDO ILVK  LQFOXGLQJ WKH FRPLFDO FORZQ WULJJHUILVK    3HOHOLX                    5HGILQ           3XIIHU
                                                                                        GIL
                                                                                        G
   3(/(/,8 :$//              P   P   7KLV GURS RII VWDUWV DW RQO\   67,1*5$< 32,17        %XWWHUIO\ILVK       %ODFNWLS 5HHI 6KDUN
                                                                                   7HDUGURS
       1        P   7KH YHUWLFDO ZDOO LV FRYHUHG LQ FRORUIXO FRUDOV  LQFOXGLQJ   3853/( %($&+ '523 2))  5HIHU WR 5HYHUVH 6LGH RI 0DS   %ODFNILQ %DUUDFXGD  2UQDWH   5DFFRRQ  %XWWHUIO\ILVK  (DVWHUQ  3HQQDQW   6KDUSQRVH        1
   \HOORZ VRIW FRUDOV  7KH ZDOO LV IXOO RI FUHYLFHV PDNLQJ WKLV D SODFH
     WR VHH PDQ\ VPDOO ILVKHV  +RZHYHU  WKH FXUUHQW KHUH LV VWURQJ    6287+ '2&.  IRU 'HWDLOV RI 3HOHOLX  3\UDPLG  LG  %XWWHUIO\ILVK %XWWHUIO\ILVK LVK  7ULDQJXODU   %DQQHUILVK  3XIIHU  6HDKRUVH
   HYHQ IRU H[SHUW GULIW GLYHUV      <(//2: :$//  1DPHG DIWHU \HOORZ WXEH FRUDOV WKDW FRYHU WKH ZDOO  6FKRROV   %XWWHUIO\ILVK  %XWWHUIO\ILVK  +XPSKHDG  -HZHO 'DPVHO
                                                                                                %DQQHUILVK
                                                         PPRQ  Q
   3(/(/,8 &251(5               P   P   7KLV GULIW GLYH FDQ EH HYHU\ ELW   3(/(/,8 &87  RI MDFNV  VQDSSHU  WULJJHUILVK  DQG \HOORZ S\UDPLG EXWWHUIO\ILVK DUH FRPPRQ           *UHDW %DUUDFXGD  /RQJ 1RVHG   7UXPSHWILVK
                                                                                       %XWWHUIO\ILVK
   DV JRRG DQG YDULHG DV WKH PRUH IDPRXV DQG SRSXODU %OXH &RUQHU  'LYHUV   2FFDVLRQDOO\ SHODJLF VSHFLHV DUH VHHQ  &XUUHQWV FDQ EH VWURQJ
   PLJKW HQFRXQWHU DQ\ QXPEHU DQG DQ\ W\SH RI SHODJLF VSHFLHV  DV ZHOO DV   3(/(/,8 (;35(66  $GYDQFHG GLYHUV RQO\  &XUUHQWV FDQ EH VHYHUH DQG  6DGGOHEDFN N  'D\ 2FWRSXV
                                                                                  6 GGO E
                                                                                   G
                                                                                   O
                                                                                   O
                                                                                   O
                                                                                   O
   PDQ\ NLQGV RI VKDUNV  LQFOXGLQJ WLJHUV DQG RFHDQLF ZKLWH WLSV  2FFDVLRQDOO\   XQSUHGLFWDEOH  $W WKLV VLWH  GLYHUV PD\ HQFRXQWHU EOXH PDUOLQV  VDLOILVK   /RQJQRVH  %XWWHUIO\ILVK  6LQJXODU  &RUQHWILVK  *LDQW 0RUD\  +XPEXJ
                                                          /RQJQR
   D GLYH JURXS V GD\ LV PDGH E\ D SDVVLQJ ZKDOH VKDUN  &DXWLRQ  6LQFH WKLV LV   SRGV RI ZKDOHV  EDUUDFXGD  WXUWOHV  JLDQW JURXSHUV  DQG PRUH  &DXWLRQ     )LOHILVK  7KUHDGILQ   %ODFNEDFN  6KDUSQRVH   %DQQHUILVK
   D VHULRXV GULIW GLYH  DOZD\V EULQJ D VDIHW\ VDXVDJH  D QRLVHPDNHU  DQG D   %XWWHUIO\ILVK  %XWWHUIO\ILVK  3XIIHU  )URJ
                                       YH  UHFRPPHQGHG IRU
                                                                                          $UFH\H
   GLYH OLJKW WR KHOS WKH ERDW ILQG \RX ZKHQ \RX DUH JRQH        7KLV LV D FKDOOHQJLQJ GLYH  UHFRPPHQGHG IRU DGYDQFHG GLYHUV RQO\   =HEUD /LRQILVK  7KUHH %DQGHG   +DZNILVK  0RRULVK ,GRO   3LSHILVK  )LVK  7ULWRQ V
                                                                    <HOORZ
   6$17$ 0$5,$ &251(5  7KH URFN\                              7XUNH\ILVK  0DUJLQ 0RUD\  $QHPRQHILVK  7KUHH VSRW     7UXPSHW
   VKRUH KHUH IHDWXUHV D VWDWXH RI        5HIHU WR 5HYHUVH 6LGH RI 0DS   -XYHQLOH  6FULEEOHG )LOHILVK  'DVF\OOXV  =HEUD
   6DQWD 0DULD  7KH GURS RII LV ORDGHG        IRU 'HWDLOV RI $QJDXU  &OHDQHU   1XGLEUDQFKV  'XVN\   +DUOHTXLQ   3LSHILVK  5HGILQ   3LQ
   ZLWK UHHI FUHDWXUHV  LQFOXGLQJ WKH       $,53257 :$//  0D\EH WKH EHVW YLVLELOLW\ LQ 3DODX LV IRXQG   :UDVVH  $QHPRQHILVK  *KRVW  $QWKLDV  &XVKLRQ
   FXULRXV ORRNLQJ EXPSKHDG SDUURW   KHUH LQ WKH QRUWKZHVWHUQ FRUQHU RI $QJDXU ,VODQG  /DUJH   )LQJHU &RUDO  3LSHILVK  6HD   6WDU
   ILVK DQG OREVWHUV  2FHDQLF ZKLWH WLS   VFKRROV RI WXQD DQG MDFNV DUH VHHQ  7KH ZDOOV DUH GHHSO\   /HRSDUG 6KDUN  5D]RU &RUDO  8UFKLQ
   VKDUNV DQG ODUJH JUHHQ VHD WXUWOHV   1JHDXU  FUHYLFHG  DQG IXOO RI LQYHUWHEUDWHV   0DQGDULQILVK  3LQN
   DUH VHHQ KHUH DV ZHOO   %D\                                         $QHPRQHILVK                       *LDQW &ODP  *ODVVH\H
                      7857/( 5(()  7KH FRUDOV IRUP RYHUKDQJV  XQGHU     0DJQLILFHQW        6SLQ\
                        ZKLFK ODUJH JUHHQ VHD WXUWOHV OLNH WR UHVW    )LUH   :KLWHWLS  6QRZIODNH   $QHPRQH  3XUSOH  6KHHW &RUDO  /REVWHU  %OXH  /RQJMDZHG
                   $QJDXU       %URDG 6WLQJUD\  'DUWILVK  5HHI 6KDUN  < < < <HOORZVWULSH *RDWILVK  6HD &XFXPEHU 0RUD\  4XHHQ  6HD 6WDU  %OXH &RUDO  6TXLUUHOILVK
                                                              6HD
                                                              6HD
                                                              6HD

                                                               &X
                                                               &X
                                                               &X
                                                         WULSH
                                                         UL
                                                         UL
                                                         WL
                                                         WULSH
                                                         WULSH
                                                         L
                                                         L
                                                         L
                                                         UL
                                                         UL
                                                         L
                                                         WULSH
                                                        O
                                                        RV
                                                         V
                                                       HOORZV
                                                       HOOR
                                                       OOR
                                                         WULSH
                                                         WULS
                                                         WULSH
                                                         V
                                                         WULSH
                                                         WULSH
                                                         L
                                                          *
                                                          *
                                                          *
                                                          *
                                                          *
                                                          *
                                                           RDWILVK
                                                           R
                                                           RDWILVK
                                                          *
                                                          *
                                                           RD
                                                          *
                                                         L
                                                         L
                                                         L
                                                         L
                                                         L
                                                         L
                                                          S
                                                          S
                                                          S
                                                         L
                                                         L
                                                         L
   1025   1026   1027   1028   1029   1030   1031   1032   1033   1034   1035