2012 - x5 m & x6 m

22
5IF6MUJNBUF %SJWJOH.BDIJOF n #.8 9 . #.8 9 . 5)&#.89 . "/%#.89 . 6/$0.130.*4*/(-:%*''&3&/5

Upload: hendrick-automotive-group

Post on 20-Aug-2015

505 views

Category:

Automotive


5 download

TRANSCRIPT

Page 1: 2012 - X5 M & X6 M

5IF�6MUJNBUF�%SJWJOH�.BDIJOFn

#.8�9� �.�

#.8�9� �.

5)&�#.8�9� �.�"/%�#.8�9� �.�6/$0.130.*4*/(-:�%*''&3&/5�

Page 2: 2012 - X5 M & X6 M

TRACK

MEETS

TRACTION.

THE BMW X5 M

AND BMW X6 M.

Page 3: 2012 - X5 M & X6 M

The X M and X M: the fi rst M vehicles created for those seeking

legendary high-performance thrills, with the stability of BMW’s

intelligent all-wheel drive. A highly effi cient M designed turbo V-

engine delivers pure high-performance muscle and a growl to match.

A custom-tuned suspension and Dynamic Performance Control work

in tandem with BMW’s xDrive, for all-wheel-drive traction with a

sporty, responsive feel. And inside, distinctive leathers and trims,

matched with compelling contours and design cues, welcome you

to the M side of luxury.

Contents

The BMW X M and X M

06 | 17 Exterior BMW X M and X M

18 | 23 Interior

Technology

24 | 25 Engine | Transmission

26 | 27 Chassis | Brakes

28 | 29 BMW M tradition

Equipment

30 | 33 Paints | Leather upholsteries | Interior trims | Combinations

34 | 35 Equipment details

36 | 37 Technical data | Technical illustrations

38 | 39 Build Your Own | BMW M School driver training

40 | 41 BMW Services

X M shown with the following equipment:

Engine:Power output:

Torque output:Wheels:

Exterior color:Upholstery:

Interior trim:

. -liter, M TwinPower Turbo V- hp @ rpm lb-ft @ - rpmV Spoke (Style M) light cast alloyMonte Carlo Blue MetallicSilverstone Full Merino LeatherCarbon Leather

BMW X M

For complete details on equipment and specifications, please visit bmwusa.com.

X M shown with the following equipment:

Engine:Power output:

Torque output:Wheels:

Exterior color:Upholstery:

Interior trim:

. -liter, M TwinPower Turbo V- hp @ � � � rpm � � lb-ft @ � � � - � rpmDouble Spoke (Style � � � M) light cast alloyMelbourne Red MetallicBlack Full Merino LeatherBrushed Aluminum Shadow

BMW X� M

For complete details on equipment and specifications, please visit bmwusa.com.

Want the inside scoop on BMW?

You can � nd us on Facebook® at

facebook.com/bmwusa.

Page 4: 2012 - X5 M & X6 M

THE BMW X6 M.

THE DEFINITION OF SAVAGE BEAUTY.

Exterior | 0706

Page 5: 2012 - X5 M & X6 M

We took a groundbreaking formula – the Sports Activity Coupe® – and added equal parts M engineering and M design to create a captivating

vehicle: the X M, a high-performance all-wheel-drive dream machine. Its dynamic contours fall somewhere between artwork and aircraft; a

muscular stance and aggressive front end are paired with a sleek coupe roofl ine and the convenience of four doors. The formidable exterior is

accented by a host of M-specifi c details, from the signature M gills and aggressive quad chrome tailpipes, down to the handsome, standard

-inch light alloy wheels. Exclusive M paint colors include a head-turning Melbourne Red Metallic. Forget “attention-getting” – the X M

demands to be seen.

Exterior | 0908

Page 6: 2012 - X5 M & X6 M

FINALLY, A PULSE-TUNED, TURBOCHARGED REASON TO TAKE THE ROAD LESS TRAVELED.

There’s much more to the X M and X M than mere visual stimulation. An M designed . -liter turbo

V- engine with High Precision Direct Injection offers total command of hp and lb-ft of torque –

more than enough to remind the driver that all M vehicles are born on the track. This dynamic V- features

BMW M’s innovative twin pulse-tuned turbochargers. Compared to conventional, previous-generation

turbocharged engines, these twin turbos deliver greater acceleration response, faster and more evenly

across nearly the entire powerband, from to rpm. Enhancing the high-performance driving

experience: a -speed M Sport Automatic transmission featuring paddle shifters on the steering wheel.

And special M-tuned driving systems – such as M Dynamic Mode and Dynamic Performance Control –

operate together seamlessly, while allowing you customized control over road feel and responsiveness.

Exterior | 1110

Page 7: 2012 - X5 M & X6 M

Exterior | 1312

THE BMW X5 M.ALL-WHEEL-DRIVE STABILITY, NOW AVAILABLE IN “WOW.”

Page 8: 2012 - X5 M & X6 M

The intelligent traction and spacious luxury of BMW’s Sports

Activity Vehicle® platform meets pure M Power in the X M.

It’s endowed with the same stunning V- engine, customized

suspension and intelligent all-wheel-drive capabilities as the

X M, but designed with a slightly higher driving position, plenty

of room to seat fi ve comfortably, and a larger cargo area. But

make no mistake: the X M’s high-performance credentials are

easy to spot. Three large air intakes, a low, sporty stance, and

quad chrome tailpipes place it fi rmly in the realm of the track-

inspired. And once you drive it, you’ll need no convincing of

its M heritage.

Exterior | 1514

Page 9: 2012 - X5 M & X6 M

HIGH-PERFORMANCE TWINS.

SEPARATED BY DESIGN.

JOINED AT THE FINISH LINE.

Exterior | 1716

Page 10: 2012 - X5 M & X6 M

PLENTY OF SPACE FOR FIVE PEOPLE –

AND ALL THEIR M FANTASIES.

Interior | 1918

What’s the best way to tackle tight curves and cruise through straight-

aways? In comfort and style, of course – and that’s where the X M

excels. An inspiring M sportiness pervades the entire cabin, from the

exquisite double stitching to sleek Carbon Leather trim. Upgrade to the

Enhanced Premium Sound Package, and lose yourself in your favorite

roadtrip soundtrack, delivered through speakers. The Panoramic

moonroof and four-zone climate control transport passengers in fi rst-

class style. And even with its emphasis on luxury and high-performance,

the X M also delivers practicality: with the split-folding rear seats down,

there’s more than cubic feet of storage space, easily accessed via

the large rear tailgate.

Get the latest information on BMW standard and optional features, packages and technical specifi cations.

Visit bmwusa.com, select the BMW model of your choice, and click on “Features & Specs.”

Page 11: 2012 - X5 M & X6 M

FROM HERE, EVERYTHING FEELS LIKE AN ADVENTURE UNDER YOUR COMMAND.

Interior | 2120

Those behind the wheel of the X M and X M are presented with

nothing less than the latest and most luxurious M appointments.

Grab hold of the latest-generation iDrive Controller, check your maps

and set your coordinates. The M-specifi c Head-up Display fl ashes

important driving data, like rpms and gear selection, all at a quick,

eye-level glance. An array of controls within the driver’s easy reach

operate innovative driving tech nologies like M Drive and Electronic

Damping Control (EDC). For the ultimate in comfort, the fully adjust-

able M Sport front seats are clad in supple Merino Leather upholstery.

The Brushed Aluminum Shadow trim and leather-covered dash add

an inspiring elegance to the cockpit. 1 Included in Full Leather interior option.

X6 M interior shown.

Get the latest information on BMW standard and optional features, packages and technical specifi cations.

Visit bmwusa.com, select the BMW model of your choice, and click on “Features & Specs.”

Page 12: 2012 - X5 M & X6 M

Interior | 2322

INTERIOR MOTIVES:

THE SENSUOUS CABIN

OF THE X6 M.

Once you sit inside the X M, you’ll know the meaning of

“luxury performance.” Every surface and corner shows signs

of M-enhanced comfort – from the rich Merino Leather

upholstery and striking trims, to the Cold Weather Package,

which adds a heated steering wheel, heated rear seats, and

a ski bag for the pass-through, accessed by the fold-down

rear-seat backrests. Individual rear seats with integrated

headrests and side supports soothe and accommodate

passengers on even the longest trips. Choose either three

rear seats or two rear seats and a convenient center armrest

with storage. And add the Comfort Access system, which

provides single-touch opening of the rear tailgate for quick

and convenient loading of the amply sized cargo area.

Get the latest information on BMW standard and optional features, packages and

technical specifi cations. Visit bmwusa.com, select the BMW model of your choice,

and click on “Features & Specs.”

In the four-seater X6 M, the two rear passengers enjoy the

comfort and convenience of a large center armrest with an

integrated sliding cover.

Page 13: 2012 - X5 M & X6 M

THE M-DESIGNED TURBO V-8 ENGINE. BEFORE IT EARNS ITS LETTER, WE MAKE SURE IT CAN FLY.The M designation is one we take seriously:

it represents our fastest, strongest, most

aggressive vehicles, especially when it comes

to what’s under the hood. Case in point:

BMW M’s latest . -liter V- engine features

one – make that two – impressive world’s fi rsts.

The twin turbos of this -hp engine don’t

merely add pavement-punishing torque; they

do so in a completely revolutionary way. Each

turbo is pulse-tuned to the engine, delivering

boosts of power at precisely the optimal time,

for consistent and reliable bursts of M acceler-

ation throughout the powerband. For the driver,

that means there’s a track-inspired lb-ft

of torque on hand from to rpm –

more than enough for any tarmac takeoff.

An ideal high-performance companion, the

M Sport Automatic transmission harnesses

this power with uncommonly smooth -gear

shifting, easily accessed via the paddle shift ers

on the steering wheel. M Drive adds another

element of customizability: selecting either

the Normal or Sport mode alters the respon-

siveness of various parameters – including

throttle sensitivity, steering, suspension and

more – to accommodate any driver’s mood.

Either mode can be chosen via iDrive, and then

called up using the M Drive button located on

the steering wheel.

Maximum torque is available across an extremely broad rev band, from 1500

to 5650 rpm, creating rapid responsiveness not normally associated with a

turbo engine. Traction is also consistently high, even in the upper rev ranges.

The M Drive function acts as a “memory

button” for key driving dynamics, including

suspension, stability, steering and throttle

sensitivity. Customize these driving

dynamics using the iDrive Controller by

selecting either Normal (default mode) or

Sport mode. In addition, Dynamic Stability

Control has three modes: Off, Normal and

M Dynamic Mode. Once these settings are

saved, just press the M Drive button, and

they’re recalled for driver convenience.

To

rqu

e (

lb-f

t)

Ou

tpu

t (h

p)

Engine speed (rpm)

Torque (lb-ft)

Output (hp)

Engine | Transmission | 2524

Like every BMW, the BMW X5 M and X6 M come with the BMW EfficientDynamics

technology package as standard. With features such as High Precision Direct Injection

using piezo injectors, the M TwinPower Turbo V-8 engine sets benchmarks in terms of

its performance/fuel consumption ratio.

Two highly efficient Twin Scroll turbo-

chargers form the basis of an astonishingly

rapid response. A BMW-patented cross-

bank exhaust manifold combines the

exhaust flows from each of the cylinder

pairs (illustration, far left). These are then

routed into a channel in the snail-shell-

like turbine housings (hence “scroll”),

separate from the exhaust flows of the

other cylinders, thus enabling them to

reach the turbine wheel unimpeded and

at high speed (illustration, right).

Page 14: 2012 - X5 M & X6 M

THE GROUNDWORK FOR EVERY M THRILL TO COME: A PRECISION SUSPENSION.

M-specifi c spring-damper tuning

underpins driving stability and

contributes to outstandingly

neutral self-steering properties.

Depending on the desired tuning

mode – for enhanced long-distance

comfort or dynamic driving, for

instance – you can choose between

the two damper settings Normal

and Sport by pressing a button on

the gear selector lever.

Chassis | Brakes | 2726

From exhilarating cornering to rock-solid

stability, when it comes to M high perform-

ance, it all starts at ground level. The custom-

ized suspensions of the X M and Xfi M are

specially designed to withstand the rigors of

track-inspired handling, while serving as a

platform for xDrive, BMW’s grip-enhancing

all-wheel drive. The BMW X M and Xfi M

models are the � rst M vehi cles to feature

BMW’s intelligent all-wheel-drive system,

yet are set up speci� cally for a rear-wheel bias

in dynamic driving situations. The advanced

traction system behind this seemingly impos-

sible feat of engineering: Dynamic Perform-

ance Control. Designed to retain the sporty,

rear-wheel-drive feel of M vehicles, Dynamic

Performance Control knows precisely when

and where to deliver lateral power indepen-

dently to all four wheels, for the most athletic

driving response in any situation. Particularly

during cornering, more power is transferred

to the wheels with the most traction, so

that the X M and Xfi M handle more like

sports cars half their size. Another innovative

addition is Adaptive Drive, which governs

and adjusts, among other param eters, roll

sta biliza tion and Electronic Damping Control

(EDC). Push the X M or Xfi M to the limit,

and the negative effects of g-forces associ-

ated with sharp turns, fast braking and other

M-type driving actions are minimized. Each of

these systems is designed to work together

seamlessly, and many settings can also be

adjusted individually – for example, you can

control the degree of damping via the DDC

button next to the gear lever. And when it’s

time to really put these models through their

paces, simply press the M Drive button on

the steering wheel, and your preferred pre-

sets for suspension, steering, throttle sensi-

tivity and more are instantly recalled. Discover

a fully customizable driving experience that

responds to your style – in fact, the control

functions of Dynamic Stability Control (DSC)

will intervene only in hazardous situations.

The lightweight high-performance

brake system is remarkable for its

extremely short braking distances

and high stability. Braking power

can be � nely applied and the system

responds to brake commands with

precision. Even at high speeds the

deceleration values are impressive.

Page 15: 2012 - X5 M & X6 M

BORN IN THE MINDS OF RACING ENTHUSIASTS.

PERFECTED ON THE TRACK.

In , the fi rst BMW M model – the leg-

endary M – became the fastest German

road sports car. Since that time, BMW’s

philosophy of combining racetrack thrills

and everyday driving has been built into

every M vehicle created. From advanced

high-performance engines and sport-tuned

suspensions, to luxurious handcrafted inte-

riors and exclusive design details, each M

model is a cutting-edge execution of what

we’ve learned on the track – and what we’re

most passionate about. No wonder, then,

that all M vehicles – including, of course,

the X M and X M – are rigorously tested

on tracks like the notorious Nürburgring

Nordschleife. It’s how we’ve turned high-

performance dreams into reality, for more

than three decades.

Hatzenbach

Quiddelbacher-Höhe

Flugplatz

Aremberg

Adenauer-Forst

Kesselchen

Caracciola-Karussell

Wippermann

Pflanzgarten

Antoniusbuche

Start / Finish

Ex-Mühle

Highest point 2,034 ft

12.4 mi0 mi 10.6 mi 9.9 mi

8.7 mi

6.2 mi

4.4 mi1.9 mi

BMW M tradition | 2928

Page 16: 2012 - X5 M & X6 M

Alpine White Non-metallic

Carbon Black Metallic

A Space Gray Metallic

A Melbourne Red Metallic

B Monte Carlo Blue Metallic

Exterior colors

A Silverstone Silver Metallic

Black Sapphire Metallic

The following pages show available colors and materials for the BMW X5 M and BMW X6 M. Use these samples to compare paint, upholstery,

trim colors and combinations. Please note that these samples are printed representations; they are not exact reproductions. To see the actual

colors, visit your preferred BMW SAV® center. They will be happy to show you original samples and assist you with special requests. Please refer

to the Combinations chart on page 33 for details on limitations and exclusivity when selecting X5 M and X6 M upholstery materials and colors.

bmwusa.com/byo

Upholstery colors

Leather upholstery includes all seating surfaces, headrests,

door armrests and front center console armrest.

1 Includes Nappa Leather dashboard and center console. 2 Requires and must be ordered with Active Ventilated Seat Package.

X A� Silverstone Full Merino Leather �

X H Bamboo Beige Full Merino Leather � X ZM Cinnamon Full Merino Leather �

X SW Black Full Merino Leather �

X DA Sakhir Orange Full Merino Leather �

X� A� Silverstone Perforated Full Merino Leather � , �

LKH Bamboo Beige Extended Merino Leather

X� H Bamboo Beige Perforated Full Merino Leather � , �

X� SW Black Perforated Full Merino Leather � , �

LKA� Silverstone Extended Merino LeatherLKSW Black Extended Merino Leather

Paints | Leather upholsteries | 3130

Page 17: 2012 - X5 M & X6 M

Interior trims

Brushed Aluminum Shadow MY Carbon Leather

MU Red Brown Grained Wood ML Piano Black

Upholstery materials Extended Merino Leather Full Merino Leather Perforated Full Merino Leather ,

Upholstery colorsBlack Silverstone

Bamboo Beige

Black SilverstoneBamboo

BeigeCinnamon

Sakhir Orange

Black SilverstoneBamboo

Beige

Exterior colors

300 Alpine White

Non-metallic� � � � � � � � �

A Space Gray

Metallic� � � � � � � � � � �

Black Sapphire

Metallic� � � � � � � � � � �

A Silverstone Silver

Metallic� � � � � � �

A Melbourne Red

Metallic� � � � � � � � �

B Monte Carlo Blue

Metallic� � � � � �

Carbon Black

Metallic� � � � � � � � � � �

Interior trims

Brushed Aluminum Shadow� � � � � � � � � � �

MY Carbon Leather� � � � � � � � � � �

MU Red Brown Grained Wood� � � � � � � � � � �

ML Piano Black� � � � � � � � � � �

1 Includes Nappa Leather dashboard and center console. 2 Requires and must be ordered with Active Ventilated Seat Package.

Recommended color combinations

Interior trims | Combinations | 3332

Page 18: 2012 - X5 M & X6 M

2

1

3

1 X M front apron with large air intakes and flaps; Double Spoke (Style 300M) light cast alloy wheels.

2 M gill with side indicator and M logo in the sidewall (BMW X6 M design).

3 M door-sill finishers in brushed stainless steel.

Equipment details | 3534

5 6

4

4 X� M rear apron with M quad tailpipes; V Spoke (Style 299M) light cast alloy wheels.

5 M multi-function leather-wrapped steering wheel with M Drive button and paddle shifters; M instrument cluster.

6 Electronic gear selector lever with M logo; iDrive Controller.

Page 19: 2012 - X5 M & X6 M

X M X M

Weight

Unladen weight lbs

Weight distribution, front / rear % . / . . / .

Engine

Liters / type . -liter twin-turbocharged V- . -liter twin-turbocharged V-

Displacement cc

Bore / stroke inch . / . . / .

Nominal output / rpm hp / /

Maximum torque / rpm lb-ft / – / –

Transmission

Automatic gear ratios I / II / III : . / . / . . / . / .

IV / V / VI / R : . / . / . / . . / . / . / .

Final drive ratio : . .

Performance

Drag coefficient Cd . .

Top speed mph

Acceleration - mph sec . .

Fuel consumption

City / highway mpg / /

Tank capacity, approx. gal . .

Tires, wheels and brakes

Tire dimensions (run-flat performance) front / /

rear / /

Wheel dimensions, front / rear – material standard x / x – light cast alloy x / x – light cast alloy

Brake diameter, front / rear– type inch . / . – ventilated disc . / . – ventilated disc

Top speed limited electronically. BMW AG test results. Actual acceleration results may vary, depending on specification of vehicle; road and environmental conditions; testing procedures and driving style. These

results should be used for comparison only and verification should not be attempted on public roads. BMW urges you to obey all posted speed laws and always wear safety belts. EPA-estimated fi gures are for comparison purposes only. Your actual mileage will vary, depending on speed, driving habits, trip length and driving conditions; actual mileage may

be lower. Run-fl at tires do not come equipped with a spare tire and wheel. Please note: Driving over rough or damaged road surfaces, as well as debris, curbs and other obstacles, can cause

serious damage to wheels, tires and suspension parts. This is more likely to occur with low-profile tires, which provide less cushioning between the wheel and the road. Be careful to

avoid road hazards and reduce your speed, especially if your vehicle is equipped with low-profile tires. Performance tires are not recommended for driving in ice and snow conditions.

Technical data | Technical illustrations | 3736

All dimensions in the technical drawings are given in inches.

Maximum luggage compartment volumes: BMW X M � .� cu. ft.; BMW X M � .� cu. ft.

BMW X� M

BMW X� M

65.8

86.5

65.4

78.5

69

.4

60

.0

58

.0

33.7 115.5 41.8

191.0

39

.3

39

.0

65.8

86.4

65.4

78.1

66

.3

59

.9

57.0

33.7 115.5 42.8

192.0

38

.3

37.

2

Page 20: 2012 - X5 M & X6 M

CRAFT YOUR OWN BMW – AT BMWUSA.COM/BYO.

At BMW, we want you to create your own Ultimate Driving Machine.® That’s why BMW offers one of the widest model

ranges of any luxury automotive manufacturer. And each BMW model offers its own universe of personalizing possibilities.

It’s easy to get the latest information on your favorite BMW model. Simply visit bmwusa.com and click on the BMW model

of your choice. Select “Features & Specs” to see all the standard features and available options and packages, as well as

technical speci⇒ cations.

Then create the exact BMW model that ful⇒ lls your needs by clicking on “Build Your Own” – or just visit bmwusa.com/byo.

Here you’ll be able to select from among the many interior and exterior colors and trims, personalizing options and value-

added packages. Build a BMW model that re⇑ ects your style, then view it in 360° detail. At the press of a button, see

payment and ⇒ nancing options, get a same-day quote, download a product brochure and even schedule a test drive.

BMW makes it easier than ever to make your ultimate driving dreams come true, at bmwusa.com.

For more information on M School and the BMW Performance Center, visit bmwusa.com/performancecenter or call - - - BMW( ).

M School, located at the BMW Performance Center in Spartanburg,

SC, teaches you what high-performance driving is all about. How to

slalom. How to drift. How to push an Ultimate Driving Machine® to

the limits. With confi dence. You’ll learn under the expert guidance

of professional driving instructors, while having the time of your life.

Get your fi ll of aggressive handling techniques and advanced braking

skills in your choice of One-Day or Two-Day M Schools.

Once you graduate, treat yourself to two full days of Advanced

M School. Our professional instructors will teach you things in

BMWs that seem to defy physics. We’ll take you to Virginia

International Raceway, where you’ll corner, brake, accelerate

and then do it all again. In BMW M Cars. Learn highly technical

driving techniques and how to control power. Expect lots of speed.

It’s intense. It’s Advanced M – and it’s not for everyone.

TAKING IT TO THE NEXT LEVEL:BMW M SCHOOL.

BMW M School driver training | 3938

Page 21: 2012 - X5 M & X6 M

8F�CFMJFWF�UIBU�B�QSFNJVN�PXOFSTIJQ�FYQFSJFODF�TIPVME�GFBUVSF�QFSGPSNBODF�BOE�MVYVSZ �BT�XFMM�BT�TBGFUZ�BOE�DPOWFOJFODF��8F�CFMJFWF�ZPV�TIPVME�CF�BCMF�UP�ESJWF�B�#.8�UP�JUT�QPUFOUJBM �XIJMF�FOKPZJOH�QFBDF�PG�NJOE�BOE�SFEVDFE�DPTU�PG�PXOFSTIJQ��5IBUѳT�UIF�JEFB�CFIJOE�#.8�6MUJNBUF�4FSWJDFn��B�TVJUF�PG�DPN�QSF�IFOTJWF�QSPHSBNT�BOE�TFSWJDFT�UIBU�BSF�JODMVEFE�JO�FWFSZ�OFX�#.8�WFIJDMF��

#.8�6MUJNBUF�4FSWJDF�TUBSUT�XJUI�UIF�/FX�7FIJDMF�4"7�-JNJUFE�8BSSBOUZ �QSPWJEJOH�ZPV�XJUI�DPWFSBHF�GPS�UIF�GJSTU�GPVS�ZFBST�PS�� � � � � �NJMFT �XIJDIFWFS�DPNFT�GJSTU��"EEJUJPOBMMZ �ZPV�IBWF� � �ZFBS �VOMJNJUFE�NJMFBHF�XBSSBOUZ�QSPUFD�UJPO�BHBJOTU�DPSSPTJPO�BOE�SVTU�QFSGPSBUJPO� �5IF�#.8�.BJOUFOBODF�1SPHSBN� �BOE�#.8�"TTJTU ኂ � �BT�XFMM�BT�#.8�3PBETJEF�"TTJTUBODF�DPNF�TUBOEBSE�

(0*/(�#&:0/%�&/(*/&&3*/(��5)&�)*()�1&3'03."/$&�#.8�08/&34)*1�&91&3*&/$&�#.8�.BJOUFOBODF�1SPHSBN�JT�POF�PG�UIF�NPTU�DPN�QSFIFOTJWF�NBJOUFOBODF�QSPHSBNT�JO�JUT�DMBTT��8F�DPWFS�BMM�GBDUPSZ�SFDPNNFOEFE�NBJOUF�OBODF�EVSJOH�UIF�/FX�7FIJDMF�4"7�-JNJUFE�8BSSBOUZ�DPWFSBHF�QFSJPE��5IJT�JODMVEFT�TDIFEVMFE�PJM�TFSWJDFT�BOE�JOTQFDUJPOT��"MTP�DPWFSFE�JT�UIF�SFQMBDFNFOU�PG�JUFNT�UIBU�BSF�TVCKFDU�UP�OPSNBM�XFBS�BOE�UFBS �TVDI�BT�CSBLF�QBET �XJQFS�CMBEF�JOTFSUT�BOE�FOHJOF�ESJWF�CFMUT�� �"OE �UIBOLT�UP�#.8ѳT�BEWBODFE�FOHJOFFSJOH �NPTU�PXOFST�FOKPZ�B�XFMM�CBMBODFE�NBJOUFOBODF�TDIFEVMF �XJUI�GMFYJCMF�SPVUJOF�TFSWJDF�JOUFSWBMT�UIBU�DBO�TBWF�ZPV�UJNF��8IFO�ZPVS�WFIJDMF�SFRVJSFT�BUUFOUJPO �ZPVS�BVUIPS�J[FE�#.8��DFOUFS�FOTVSFT�UIBU�JU�SFDFJWFT�POMZ�HFOVJOF�#.8�QBSUT�ѭ�ZPVS�BTTVSBODF�PG�FYBDUJOH�RVBMJUZ�TUBOEBSET�

'PS�NPSF�EFUBJMT�PO�#.8�6MUJNBUF�4FSWJDF�BOE�UIF�#.8�.BJOUFOBODF�1SPHSBN �WJTJU�ZPVS�BVUIPSJ[FE�#.8�DFOUFS�PS�MPH�PO�UP�CNXVTB�DPN�VMUJNBUFTFSWJDF��

#.8�"TTJTU�4BGFUZ�1MBO � �JT�B�GPVS�ZFBS�QSPHSBN�UIBU�MFUT�ZPV�FOKPZ�QFBDF�PG�NJOE�LOPXJOH�UIBU�B�GSJFOEMZ�SFTQPOTF�TQFDJBMJTU�JT�UIFSF�UP�IFMQ�ZPV �� � �� �BU�KVTU�UIF�QVTI�PG�B�CVUUPO��5IF�4BGFUZ�1MBO�JODMVEFT�"VUPNBUJD�$PMMJTJPO�/PUJGJDBUJPO �&NFSHFODZ�3FRVFTU �&OIBODFE�3PBETJEF�"TTJT�UBODF �%PPS�6OMPDL �4UPMFO�7FIJDMF�3FDPWFSZ�BOE�$VTUPNFS�3FMBUJPOT��*ODMVEFE�JO�UIF�#.8�"TTJTU�4BGFUZ�1MBO �.Z*OGP�BMMPXT�ZPV�UP�TFOE�CVTJOFTT�MPDBUJPOT�BOE�TUSFFU�BEESFTTFT�XJUI�UIFJS�BTTPDJBUFE�QIPOF�OVNCFST�GSPN�UIF�(PPHMF�.BQTኂ�XFCTJUF�EJSFDUMZ�UP�ZPVS�#.8��5IF�EFTUJOBUJPO�DBO�CF�TFOU�UP�ZPVS�/BWJ�HBUJPO�TZTUFN�GPS�UVSO�CZ�UVSO�EJSFDUJPOT��8JUI�UIF�#.8�/BWJHBUJPO�TZTUFN�BOE�ZPVS�NPCJMF�QIPOF�MJOLFE�UP�ZPVS�#.8�WJB�#MVFUPPUIn�UFDIOPMPHZ �#.8ѳT�.PCJMF�0GGJDF�GFBUVSF� �USBOTGFST�UFYU�NFTTBHFT�BOE�FNBJMT�UP�ZPVS�J%SJWF�%JTQMBZ�TDSFFO�BOE�SFBET�UIFN�BMPVE�UP�ZPV��"�$BMFOEBS�BOE�5P�EP�-JTU�DBO�BMTP�BQQFBS�PO�ZPVS�%JTQMBZ�TDSFFO�XIJMF�FO�SPVUF��3VOOJOH�MBUF �$MJDL�PO�UIF�QIPOF�OVNCFS�JO�UIF�$BMFOEBS�UP�DBMM�ZPVS�BQQPJOUNFOU��'PS�B�MJTU�PG�UFTUFE�NPCJMF�QIPOFT �WJTJU�CNXVTB�DPN�CMVFUPPUI��

'PS�UIF�VMUJNBUF�JO�DPWFSBHF �BEE�UIF�PQUJPOBM�#.8�"TTJTU�$POWFOJFODF�1MBO� � �:PVѳMM�FOKPZ�VOMJNJUFE�BDDFTT�UP�QFSTPOBMJ[FE�%JSFDUJPOT �5SBGGJD�BOE�8FBUIFS�SFQPSUT �BT�XFMM�BT�PVS�$PODJFSHF�GFBUVSF �XIJDI�DBO�TFOE�B�EFTUJOBUJPO�BEESFTT�BOE�QIPOF�OVNCFS �TVDI�BT�B�SFTUBVSBOU�PS�IPUFM �SJHIU�UP�ZPVS�#.8��:PV�DBO�NBLF�VQ�UP�GPVS�PQFSBUPS�BTTJTUFE�DBMMT�QFS�ZFBS�XJUI�$SJUJDBM�$BMMJOH�JG�ZPVS�DFMM�QIPOF�JT�OPU�BWBJMBCMF �PS�JG�JUT�CBUUFSZ�JT�EJT�DIBSHFE��#.8�0OMJOF�BMMPXT�BDDFTT�UP�VQ�UP�EBUF�GVFM�QSJDFT�BOE�UIF�MBUFTU�XFBUIFS�GPSFDBTUT �BT�XFMM�BT�#MPPNCFSHѳT�TUPDL�JOEJDFT�BOE�UIF�QPXFSGVM�SFBDI�PG�UIF�(PPHMF�.BQT�EBUBCBTF�ѭ�EFMJWFSFE�UP�UIF�J%SJWF��%JTQMBZ�SJHIU�JOTJEF�ZPVS�WFIJDMF�

#.8ѳT�VOJRVF�5FMF4FSWJDF �JODMVEFE�JO�UIF�#.8�"TTJTU�4BGFUZ�1MBO �DPO�UJOVBMMZ�NPOJUPST�TQFDJ� �D�QBSUT�UIBU�BSF�TVCKFDU�UP�XFBS�BOE�UFBS�ѭ�JODMVEJOH�UIF�FOHJOF�PJM �NJDSP�� �MUFS �TQBSL�QMVHT �CSBLF�MJOJOHT�BOE�WBSJPVT�� �VJET�ѭ�BT�XFMM�BT�TFSWJDFT�UIBU�SFRVJSF�BUUFOUJPO�BU�SFHVMBS�JOUFSWBMT �TVDI�BT�WFIJDMF�TFSWJDF�JOTQFDUJPOT��5IJT�EBUB�JT�BVUP�NBUJDBMMZ�USBOTNJUUFE�UP�ZPVS�BVUIPSJ[FE�#.8�DFOUFS �XIJDI�XJMM�UIFO�DBMM�ZPV�

UP�TDIFEVMF�B�TFSWJDF�BQQPJOUNFOU��:PV�EPOѳU�IBWF�UP�LFFQ�USBDL�PG�XIFO�ZPVS�WFIJDMF�SFRVJSFT�SPVUJOF�NBJOUF�OBODF��"O�BEEFE�CFO�F� �U��BOZ�OFFEFE�NBJOUFOBODF�TFSWJDF�QBSUT�XJMM�BMSFBEZ�CF�PO�IBOE �TP�ZPVS�#.8�JT�TFSWJDFE�BOE�SFUVSOFE�UP�ZPV�BT�RVJDLMZ�BT��QPTTJCMF��"OE�CFDBVTF�UIFZ�VTF�POMZ�0SJHJOBM�#.8�1BSUT �ZPV�DBO�SFMZ�PO�FYQFSU�� �U�BOE�MPOH�MBTUJOH�#.8�RVBMJUZ��'PS�NPSF�EFUBJMT�PO�5FMF4FSWJDF �WJTJU�CNXBTTJTU�DPN�

#.8�3PBETJEF�"TTJTUBODF�JT�QSPWJEFE�GSFF�PG�DIBSHF�GPS�UIF�GJSTU�GPVS�ZFBST�ѭ�XJUI�OP�NJMFBHF�MJNJU��$BMM�� �� � � �� � � �� #.8�� � � �GPS�GSJFOEMZ�PO�UIF�SPBE�IFMQ �� � �� �BOZXIFSF�JO�UIF�6OJUFE�4UBUFT �$BOBEB�BOE�1VFSUP�3JDP��5IJT�JODMVEFT��FWFSZUIJOH�GSPN�GMBU�UJSF�DIBOHFT �FNFSHFODZ�HBTPMJOF�BOE�MPDL�PVU��TFSWJDF �UP�UPXJOH �BMUFS�OBUJWF�USBOT�QPSUBUJPO�BOE�FWFO�USJQ�JOUFSSVQUJPO�CFOFGJUT��5IJT�TFSWJDF�BMTP�QSPWJEFT�WBMVBCMF�USJQ�SPVUJOH�BEWJDF�

#.8�4FSWJDFT�� ]���

5)&�.045�&9$*5*/(�1-"$&�*/�".&3*$"�50�%3*7&�"�#.8�.�7&)*$-&�

5IF�#.8�1FSGPSNBODF�$FOUFS�JO�4QBSUBOCVSH �4$�+VTU�CFZPOE�UIF�GPPUIJMMT�PG�UIF�$BSPMJOBTѳ�#MVF�3JEHF�.PVOUBJOT�MJFT�UIF�� � �NJMMJPO�#.8�1FSGPSNBODF�$FOUFS��5IJT�TQSBXMJOH �NPEFSO�DPNQMFY�IPVTFT�UIF�XPSME�GBNPVT�#.8�1FSGPSNBODF�%SJWJOH�4DIPPM �BT�XFMM�BT�UIF�;FOUSVN�.VTFVN �#.8�#PVUJRVF �#.8�%FMJWFSZ�$FOUFS �BOE�B�$PSQPSBUF�$POGFSFODF�$FOUFS��/FBSCZ�JT�#.8ѳT�POMZ�NBOVGBDUVS�JOH�GBDJMJUZ�JO�UIF�6�4� �XIFSF�NPEFMT �TVDI�BT�UIF�4"7 �BSF�CVJMU�GPS�FYQPSU�XPSMEXJEF��*UѳT�B�VOJRVF�QMBDF�XIFSF�#.8�FOUIVTJBTUT�DBO�TQFOE�EBZT�ѭ�PS �JO�UIF�TVSSPVOEJOH�BSFB �BO�FOUJSF�WBDBUJPO�

� �4FF�ZPVS�BVUIPSJ[FE�#.8�PS�#.8�4"7�DFOUFS�GPS�EFUBJMT�PO�UIFTF�MJNJUFE�XBSSBOUJFT�� ��5IF�#.8�.BJOUFOBODF�1SPHSBN�DPWFST�GBDUPSZ�SFDPNNFOEFE�NBJOUFOBODF�TFSWJDFT�BT�EFUFSNJOFE�CZ�UIF�4FSWJDF�*OUFSWBM�*OEJDBUPS�GPS�BMM�OFX�FMJHJCMF�.:�� � � � �BOE�MBUFS�#.8�WFIJDMFT��

4QFDJGJD��BEEJUJPOBM�JUFNT�UIBU�OFFE�SFQMBDFNFOU�EVF�UP�OPSNBM�XFBS�BOE�UFBS�BSF�BMTP�DPWFSFE��5IF�NBJOUFOBODF�DPWFSBHF�QFSJPE�JT�GPS�UIF�GJSTU�� �ZFBST�PS�� � � � � �NJMFT �XIJDIFWFS�DPNFT�GJSTU��

&YDMVTJPOT�GSPN�DPWFSBHF�JODMVEF��HBTPMJOF �HBTPMJOF�BEEJUJWFT �XJOETIJFME�XBTIFS�GMVJE�BOE�BEEJUJWFT �CBUUFSZ �UJSFT �XIFFMT �XIFFM�BMJHONFOU�BOE�UJSF�CBMBODJOH��"MM�XPSL�NVTU�CF��QFSGPSNFE�

CZ�BO�BVUIPSJ[FE�#.8�DFOUFS��4FF�UIF�4FSWJDF�BOE�8BSSBOUZ��*OGPSNBUJPO�CPPLMFU�GPS�TQFDJGJD�UFSNT �DPOEJUJPOT�BOE�MJNJUBUJPOT��'VSUIFS�JOGPSNBUJPO�DBO�BMTP�CF�PCUBJOFE�GSPN�ZPVS�BVUIP�

SJ[FE�#.8�DFOUFS��� ��5IF�#.8�"TTJTU�BOE�#MVFUPPUI�)BOET�GSFF�$BMMJOH�TZTUFN�XJUI�� �ZFBST�PG�4BGFUZ�1MBO�TFSWJDFT�JT�TUBOEBSE�JO�UIF�#.8�9� �.�BOE�#.8�9� �.��*O�PSEFS�UP�SFDFJWF�#.8�"TTJTU�TFSWJDFT �

B�TVCTDSJCFS�BHSFFNFOU�NVTU�CF�DPNQMFUFE�BOE�USBOTGFSSFE�UP�UIF�#.8�"TTJTU�3FTQPOTF�$FOUFS��(14�BOE�VOEFSMZJOH�XJSFMFTT�TFSWJDFT�NVTU�CF�BWBJMBCMF�BOE�GVODUJPOJOH��WFIJDMF�JHOJUJPO�

NVTU�CF�UVSOFE�PO�FYDFQU�GPS�%PPS�6OMPDL�BOE�4UPMFO�7FIJDMF�3FDPWFSZ �CBUUFSZ�DIBSHFE�BOE�DPOOFDUFE�BOE�WFIJDMFѳT�FMFDUSJDBM�TZTUFN�PQFSBUJPOBM��TFSWJDFT�NBZ�CF�MJNJUFE�UP�DFSUBJO�

�HFPHSBQIJD�BSFBT��$BMM�UPMM�GSFF� � �� � � �� � � �� � � � �HP�UP�CNXBTTJTU�DPN �PS�WJTJU�ZPVS�BVUIPSJ[FE�#.8�PS�#.8�4"7�DFOUFS�GPS�BEEJUJPOBM�QSPHSBN�EFUBJMT��4FSWJDFT�BSF�TVCKFDU�UP�UIF�UFSNT�BOE��DPOEJUJPOT�PG�ZPVS�TVCTDSJCFS�BHSFFNFOU�� ��/PU�BMM�NPCJMF�QIPOFT�BSF�DPNQBUJCMF�XJUI�.PCJMF�0GGJDF �BOE�TPNF�DPNQBUJCMF�QIPOFT�TVQQPSU�B�MJNJUFE�OVNCFS�PG�.PCJMF�0GGJDF�GVODUJPOT��'PS�UIF�DPNQMFUF�MJTU�PG�DPNQBUJCMF�NPCJMF�QIPOFT�

BOE�UIF�EFUBJMT�SFHBSEJOH�XIJDI�.PCJMF�0GGJDF�GVODUJPOT�BSF�TVQQPSUFE�CZ�FBDI�QIPOF �QMFBTF�WJTJU�CNXVTB�DPN�CMVFUPPUI�� ��3FRVJSFT�#.8�"TTJTU�4BGFUZ�1MBO�TVCTDSJQUJPO��4FSWJDFT�BSF�TVCKFDU�UP�UIF�UFSNT�BOE�DPOEJUJPOT�PG�ZPVS�TVCTDSJCFS�BHSFFNFOU��1MFBTF�HP�UP�CNXBTTJTU�DPN�GPS�BEEJUJPOBM�EFUBJMT�PO�UIF�PQUJPOBM��$POWFOJFODF�1MBO�� �4VCKFDU�UP�DSFEJU�BQQSPWBM�BOE�PUIFS�UFSNT�BOE�DPOEJUJPOT�� �/PU�BMM�NPEFMT�BWBJMBCMF�GPS�#.8�&VSPQFBO�%FMJWFSZ�1SPHSBN��1MFBTF�HP�UP�CNXVTB�DPN�PS�WJTJU�ZPVS�BVUIPSJ[FE�#.8�DFOUFS�GPS�EFUBJMT�

#.8�7JSUVBM�$FOUFS��*G�ZPV�HFU�UIF�TVEEFO�VSHF�UP�TIPQ�GPS�B�#.8�CVU�

ZPVS�BVUIPSJ[FE�#.8�DFOUFS�JT�DMPTFE �

UIFSFѳT�HPPE�OFXT�ѭ�UIF�#.8�7JSUVBM�

$FOUFS�JT�PQFO�� � �IPVST�B�EBZ��-PH�PO�

UP�CNXVTB�DPN�CZP �BOE�DIPPTF�UIF�NPEFM�UIBU�JOUFSFTUT�ZPV��$POGJHVSF�

UIF�#.8�PG�ZPVS�ESFBNT �BOE�TFF�

XIBU�UIF�NPOUIMZ�QBZNFOUT�XPVME�CF��

:PV�DBO�FWFO�TFOE�UIF�TQFDJGJDBUJPOT�

UP�ZPVS�BVUIP�SJ[FE�#.8�DFOUFS �BQQMZ�

GPS�GJOBODJOH �PS�SFRVFTU�B�UFTU�ESJWF�ѭ�

BMM�POMJOF�

#.8�'JOBODJBM�4FSWJDFT��"SSBOHJOH�UP�CVZ�PS�MFBTF�B�#.8�JT�FBTJFS�UIBO�

ZPV�NBZ�UIJOL��:PVS�BVUIPSJ[FE�#.8�

DFOUFS�PGGFST�MFBTJOH�BOE�GJOBODJOH�

UP�TVJU�ZPVS�QFSTPOBM�OFFET�UISPVHI�

#.8�'JOBODJBM�4FSWJDFT� � �4UBSU�UIF�

QSPDFTT�BU�PVS�XFCTJUF �XIFSF�ZPV�

DBO�CVJME�ZPVS�ѶESFBN�WFIJDMF ѷ�HFU�

BO�FTUJNBUF�PO�B�NPOUIMZ�MFBTF�PS�

GJOBODJOH�QBZ�NFOU �TVCNJU�B�DSFEJU�

BQQMJDBUJPO�UP�#.8�'JOBODJBM�4FSWJDFT�

ѭ�BOE�HFU�BQQSPWBM�ѭ�BMM�POMJOF�� �5P�

GJOE�PVU�IPX�#.8�'JOBODJBM�4FSWJDFT�

DBO�IFMQ�QVU�ZPV�CFIJOE�UIF�XIFFM�PG�

ZPVS�GBWPSJUF�#.8�NPEFM �MPH�PO�UP�

CNXVTB�DPN�GT�PS�DBMM �UPMM�GSFF �� �� � � � � � � � � � �

#.8�.BHB[JOF��"�GBTDJOBUJOH�WJFX�PG�UIF�MBUFTU�FWFOUT�BOE�QSPEVDUT�JO�

UIF�XPSME�PG�#.8 �JODMVEJOH�USBWFM�

SFWJFXT �QFSTPOBMJUZ�QSPGJMFT �BOE�UIF�

MBUFTU�#.8�UFDIOPMPHJFT��4FOU�UP�OFX�

PXOFST�BOE�MFTTFFT�TFWFSBM�UJNFT�B�

ZFBS �ZPV�DBO�BMTP�SFBE�BSUJDMFT�GSPN�

#.8�.BHB[JOF�PO�UIF�#.8�XFC�TJUF�BU�CNXVTB�DPN�VOEFS�UIF�Ѷ.FEJB�(BMMFSZ���-JCSBSZѷ�IFBEJOH �GPVOE�JO�UIF�

Ѷ&YQFSJFODFѷ�TFDUJPO��

#.8�8FMU��5IF�#.8�8FMU�Ѷ#.8�8PSMEѷ�EFMJWFSZ�BOE�CSBOE�FYQFSJFODF�

DFOUFS�JO�.VOJDI�JT�CPME�QSPPG�PG�

#.8ѳT�QBTTJPO�GPS�EFTJHO��8IFO�ZPV�

UBLF�BEWBOUBHF�PG�UIF�#.8�&VSPQFBO�

%FMJWFSZ�1SPHSBN � �UIJT�JT�XIFSF�ZPV�

XJMM�NFFU�ZPVS�OFX�#.8�ѭ�JO�B�QFSTPO�

BMJ[FE�QSPDFTT�UIBU�JT�IJHIMZ�ESBNBUJD�

BOE�UPUBMMZ�VOGPSHFUUBCMF��:PV�NJHIU�

BMTP�SFBMJ[F�TVCTUBOUJBM�TBWJOHT�UIBU�

KVTU�NBZ�QBZ�GPS�ZPVS�USJQ��8IJMF�ZPVѳSF�

UIFSF �NBSWFM�BU�UIF�IJTUPSJD�#.8T�

JO�UIF�.VTFVN��MFBSO�BCPVU�PVS�FOHJ�

OFFSTѳ�OFXFTU�JOOPWBUJPOT�JO�UIF�

5FDIOPMPHZ�BOE�%FTJHO�"UFMJFS��BOE�

UBLF�B�UPVS�PG�UIF�QMBOU�UP�FYQFSJFODF�

GJSTUIBOE�UIF�TUBUF�PG�UIF�BSU�NFUIPET�

VTFE�UP�DSFBUF�B�#.8��5IFO�DPNFT�

UIF�VOJRVF�FYQFSJFODF�PG�ESJWJOH�ZPVS�

OFX�#.8�PO�UIF�SPBET�JU�XBT�EFTJHOFE�

GPS��5P�MFBSO�NPSF �WJTJU�CNXVTB�DPN�FVSPQFBOEFMJWFSZ�

#.8�1FSGPSNBODF�%SJWJOH�4DIPPM�8IFUIFS�ZPVѳWF�CFFO�ESJWJOH�GPS�EFDBEFT�PS�KVTU�HPU�ZPVS�MFBSOFSѳT�QFSNJU �XF�DBO�IFMQ�UBLF�ZPVS�ESJWJOH�TLJMMT�UP�UIF�OFYU�MFWFM��#FIJOE�UIF�XIFFM�PG�PVS�OFX�#.8T�BOE�VOEFS�UIF�FYQFSU�HVJEBODF�PG�QSPGFTTJPOBM�ESJWJOH�JOTUSVDUPST �ZPVѳMM�IPOF�ZPVS�ESJWJOH�TLJMMT�PO�B�WFSTBUJMF�ESJWJOH�DPVSTF�ѭ�� �� �NJMFT�PG�BTQIBMU�UIBU�DBO�CF�DPO� �HVSFE�JO�B�NVMUJUVEF�PG�XBZT��*O�0OF��BOE�5XP�%BZ�4DIPPMT�ZPV�DBO�UBDLMF�UIF�TLJE�QBE �TMBMPN�DPVSTF�BOE�XBUFS�XBMMT��5IF�#.8�1FSGPSNBODF�%SJWJOH�4DIPPM�JT�BCPVU�DPOUSPM�BOE�QVTIJOH�B�#.8�UP�JUT�MJNJUT�ѭ�BOE�ZPVST��

#.8�1FSGPSNBODF�$FOUFS�%FMJWFSZ�:PVѳMM�BMXBZT�SFNFNCFS�UIF�GVO�PG�UBLJOH�EFMJWFSZ�PG�ZPVS�OFX�#.8�ѭ�XJUI�#.8�1FSGPSNBODF�$FOUFS�%FMJWFSZ��"GUFS�FOKPZJOH�EJOOFS�BOE�BO�PWFSOJHIU�TUBZ�BU�B�� �STU�DMBTT�IPUFM �XFѳMM�UBLF�ZPV�BOE�ZPVS�DPNQBOJPO�UP�UIF�1FSGPSNBODF�$FOUFS�XIFSF�B�1SPEVDU�4QFDJBMJTU�XJMM�HJWF�ZPV�BO�JO�EFQUI�JOUSPEVDUJPO�UP�ZPVS�OFX�#.8��5IFO�BU�UIF�1FSGPSNBODF�%SJWJOH�4DIPPM �ZPVѳMM�HFU�UJQT�GSPN�B�QSPGFTTJPOBM�ESJWJOH�JOTUSVDUPS�BT�ZPV�FYQMPSF�UIF�EZOBNJD�DBQBCJMJUJFT�PG�B�TJNJMBS�NPEFM��*UѳT�FYDJUJOH �JUѳT�FOMJHIUFOJOH�ѭ�BOE�JUѳT�BMM�DPNQMJNFOUT�PG�#.8�XJUI�ZPVS�OFX�WFIJDMF�

5P�MFBSO�NPSF�BCPVU�UIF�#.8�1FSGPSNBODF�$FOUFS �DBMM�� �� � � �� � �� � � � �PS�WJTJU� CNXVTB�DPN�QFSGPSNBODFDFOUFS�

Page 22: 2012 - X5 M & X6 M

5IF�6MUJNBUF�%SJWJOH�.BDIJOFn

.PSF�BCPVU�#.8

CNXVTB�DPN�����������#.8

�����������������������ѳ���7#��1SJOUFE�JO�(FSNBOZ������

#.8�BOE�UIF�FOWJSPONFOU�

#.8�JT�B�TUSPOH�QSPQPOFOU�PG�UIF�FOWJSPONFOU�BOE�TPDJBM�SFTQPOTJCJMJUZ��8F�MBVODIFE�#.8�&G �DJFOU%ZOBNJDT�

CBDL�JO������ѭ�UIF�QIJMPTPQIZ�PG�QSPWJEJOH�HSFBUFS�QPXFS�XJUI�JODSFBTFE�FG �DJFODZ�BOE�GFXFS�FNJTTJPOT��5IJT�

IBT�SFTVMUFE�JO�TJHOJ �DBOU�CFOF �UT�UPEBZ�ѭ�GPS�PVS�DVTUPNFST �UIF�DMJNBUF�BOE�UIF�FOWJSPONFOU�

5IBU�ZFBS �FDPMPHJDBM�TVTUBJOBCJMJUZ�XBT�BMTP�EFDMBSFE�POF�PG�#.8ѳT�DPSF�TUSBUFHJD�QSJODJQMFT��JU�JT�OPX� �SNMZ�

BODIPSFE�JO�PVS�FOUJSF�QSPEVDUJPO�DIBJO��*U�TUBSUT�XJUI�UIF�EFWFMPQNFOU�PG�GVFM�TBWJOH�BOE�BMUFSOBUJWF�WFIJDMF�

DPODFQUT �DPOUJOVFT�XJUI�FOWJSPO�NFOUBMMZ�GSJFOEMZ�QSPEVDUJPO�QSPDFTTFT �BOE�FOET�XJUI�JOOPWBUJWF�SFDZDMJOH�

NFUIPET��5IJT�FGGPSU�IBT�CFFO�SFDPHOJ[FE�XPSMEXJEF��JO����� �#.8�"(�ѭ�UIF�QBSFOU�DPNQBOZ�PG�#.8�PG�

/PSUI�"NFSJDB�BOE�#.8�.BOVGBDUVSJOH�$P��JO�4QBSUBOCVSH �4$�ѭ�XBT�UIF� �STU�BVUPNPUJWF�DPNQBOZ�UP�CF�

�SFQSFTFOUFE�PO�UIF�%PX�+POFT�4VTUBJOBCJMJUZ�(SPVQ�*OEFY��*U�IBT�SFNBJOFE�PO�UIF�*OEFY�FWFS�TJODF��NPSFPWFS �

TJODF����� �#.8�IBT�CFFO�WPUFE�UIF�XPSMEѳT�NPTU�TVTUBJOBCMF�BVUPNPCJMF�NBOVGBDUVSFS��"U�#.8 �XF�TUSJWF�

GPS�BOE�BDIJFWF�IJHI�QFSGPSNBODF�JO�BMM�XF�EP�

6�4��%JTUSJCVUPS��#.8�PG�/PSUI�"NFSJDB �--$ �8PPEDMJGG�-BLF �/+�� � � � � ��"MM�JMMVTUSBUJPOT�BOE�TQFDJGJDBUJPOT��DPOUBJOFE�JO�UIJT�CSPDIVSF�BSF�CBTFE�PO�UIF�MBUFTU�QSPEVDU�JOGPSNBUJPO�BWBJMBCMF�BU�UIF�UJNF�PG�QSJOUJOH��#.8��SFTFSWFT�UIF�SJHIU�UP�NBLF�DIBOHFT�BU�BOZ�UJNF �XJUIPVU�OPUJDF �JO�DPMPST �NBUFSJBMT �FRVJQNFOU �TQFDJGJDBUJPOT�BOE�NPEFMT��#.8�NBZ �TVCKFDU�UP�MFHBM�SFRVJSFNFOUT �EFUFSNJOF�UIF�.PEFM�:FBS�EFTJHOBUJPO�PG�JUT�WFIJDMFT��5IF�.PEFM�:FBS�EFTJHOBUJPO�PO�BOZ�QBSUJDVMBS�NPEFM�NBZ�CF�MPOHFS�PS�TIPSUFS�UIBO�� � �NPOUIT��4PNF�WFIJDMFT�QJDUVSFE�NBZ�DPOUBJO�OPO�6�4��FRVJQNFOU��4PNF�NPEFMT�NBZ�CF�TIPXO�XJUI�PQUJPOBM�FRVJQNFOU��8IJMF�#.8�/"�NBLFT�BMM�SFBTPOBCMF�FGGPSUT�UP�QSPWJEF�BDDVSBUF�JOGPSNBUJPO�JO�UIJT�CSPDIVSF �UIFSF�JT�OP�HVBSBOUFF�PS�XBS�SBOUZ�PG�BDDVSBDZ��'VSUIFSNPSF �XF�EP�OPU�BTTVNF�BOZ�MJBCJMJUZ�GPS�UIF�BDDVSBDZ�PS�DPNQMFUFOFTT�PG�JOGPSNBUJPO�QSFTFOUFE��5IJT�CSPDIVSF�TIBMM�OPU�CF�VTFE�PS�SFMJFE�VQPO�BT�B�TVCTUJUVUF�GPS�JOGPSNBUJPO�UIBU�JT�BWBJMBCMF�GSPN�ZPVS�#.8�DFOUFS��'VSUIFS�JOGPSNBUJPO�DBO�CF�PCUBJOFE�GSPN�ZPVS�BVUIPSJ[FE�#.8�DFOUFS�PS�CNXVTB�DPN��

i�����#.8�PG�/PSUI�"NFSJDB �--$��/PU�UP�CF�SFQSPEVDFE�XIPMMZ�PS�JO�QBSU�XJUIPVU�XSJUUFO�QFSNJTTJPO�PG�#.8�/"��5IF�#.8�OBNF �MPHP �NPEFM�OBNFT �4QPSUT�"DUJWJUZ�7FIJDMF �4QPSUT�"DUJWJUZ�$PVQF�BOE�4"7�BSF�SFHJTUFSFE�USBEFNBSLT��

5IF�#MVFUPPUI�XPSE�NBSL�BOE�MPHPT�BSF�PXOFE�CZ�UIF�#MVFUPPUI�4*( �*OD��BOE�BOZ�VTF�PG�TVDI�NBSLT�CZ�#.8�JT��VOEFS�MJDFOTF��0UIFS�USBEFNBSLT�BOE�USBEF�OBNFT�BSF�UIF�QSPQFSUZ�PG�UIFJS�SFTQFDUJWF�PXOFST�

�#.8�SFDPNNFOET