-71@8!4!

-ETUCEJONGS!SUKGTCS!C!LJEGNEJC

+(! AO! _SOYWgOQWx[! RS! OQa\`! RS! b`\! RSY! `bSY\! f! SRWTWQOQWx[! ^bS! _S^bWS_O[! ]_\fSQa\! auQ[WQ\! RS! \P_O`! RS!
SRWTWQOQWx[! RS! OQbS_R\! Q\[! SY! O_avQbY\! ,(,! RS! YO! ASf! -2)+333&! RS! /! RS! [\cWSZP_S&! RS! D_RS[OQWx[! RS! YO!
;RWTWQOQWx[&!`OYc\!Y\!RW`]bS`a\!S[!YO!ASf!,),*+,&!RS!+,!RS!Xb[W\&!RS!9W[OZWgOQWx[!RS!YO!6QaWcWROR!8\ZS_QWOY!S[!
YO!8\Zb[WROR!RS!BOR_WR(!

,(! AO`!OQabOQW\[S`!]_ScW`aO`!S[!YO!ASf!,),*+,&!RS!+,!RS!Xb[W\&!RS!9W[OZWgOQWx[!RS!YO!6QaWcWROR!8\ZS_QWOY!
S[! YO! 8\Zb[WROR! RS! BOR_WR&! ^bS! OTSQaS[! O! W[ZbSPYS`! RSQYO_OR\`! Q\Z\! 7WS[S`! RS! ?[aS_u`! 8bYab_OY! Q\[!
RSQYO_OQWx[!W[RWcWRbOYWgORO&!O!Y\`!PWS[S`!W[QYbWR\`!O!avabY\!W[RWcWRbOY!S[!SY!W[cS[aO_W\!RS!7WS[S`!8bYab_OYS`!RS!YO!
8\Zb[WROR! RS! BOR_WR&! O`v! Q\Z\! O! Y\`! W[ZbSPYS`! QOaOY\UOR\`! RS[a_\! RSY! [WcSY! RS! ZteWZO! ]_\aSQQWx[! S[! SY!
]YO[SOZWS[a\!b_PO[v`aWQ\!O]YWQOPYS&!`OYc\!^bS!S[!Y\`!ZW`Z\`!fO!`S!cW[WS_O!RS`O__\YYO[R\!OYUb[O!OQaWcWROR!RS!
YO`!_SQ\UWRO`!S[!SY!O]O_aOR\!,&!`WSZ]_S!f!QbO[R\![\!`S!OTSQaS[!Y\`!SYSZS[a\`!]_\aSUWR\`(!

-(! AO`!OQabOQW\[S`!`\P_S!SRWTWQOQW\[S`!QOaOY\UORO`!^bS!aS[UO[!QO_tQaS_!]O_QWOY!f!OTSQaS[&!]O_O!OYaS_O_Y\`!\!
Z\RWTWQO_Y\`&!O!Y\`!SYSZS[a\`!\!]O_aS`!\PXSa\!RS!]_\aSQQWx[(!

.(! A\`!OQa\`!RS!]O_QSYOQWx[&!`SU_SUOQWx[!f!RWcW`Wx[!RS!aS__S[\`&!S[!QbOY^bWS_!QYO`S!RS!`bSY\&!`OYc\!QbO[R\!
T\_ZS[!]O_aS!RS!b[!]_\fSQa\!RS!_S]O_QSYOQWx[!RSPWROZS[aS!O]_\POR\(!

/(! A\`! Z\cWZWS[a\`! RS! aWS__O&! SeQOcOQW\[S`&! Se]YO[OQW\[S`! f! aS__O]YS[OR\! S[! QbOY^bWS_! QYO`S! RS! `bSY\!
QbO[R\![\!T\_ZS[!]O_aS!RS!b[!]_\fSQa\!RS!b_PO[WgOQWx[&!SRWTWQOQWx[!\!Q\[`a_bQQWx[!Oba\_WgOR\(!

0(! AO!bPWQOQWx[!RS!QO`O`!]_STOP_WQORO`!S!W[`aOYOQW\[S`!`WZWYO_S`&!fO!`SO[!]_\cW`W\[OYS`!\!]S_ZO[S[aS`&!S[!
QbOY^bWS_!QYO`S!RS!`bSY\(!

1(! AO`!aOYO`!f!SY!a_O`]YO[aS!RS!t_P\YS`&!RS!ZO`O`!O_Px_SO`!\!RS!cSUSaOQWx[!O_Pb`aWcO(!

2(! AO`!RSZ\YWQW\[S`!RS!Q\[`a_bQQW\[S`!f!SRWTWQOQW\[S`!SeW`aS[aS`&!S[!Y\`!QO`\`!^bS!RW`]\[UO[!RS!OYUy[!aW]\!
RS! ]_\aSQQWx[! RS! QO_tQaS_! OZPWS[aOY! \! VW`ax_WQ\'O_av`aWQ\&! _SUbYORO! O! a_Ocu`! RS! [\_ZO! YSUOY! \! R\QbZS[a\!
b_PO[v`aWQ\(!

3(! AO!W[`aOYOQWx[!RS!a\__S`!RS!O`QS[`\_S`!S[!SY!SeaS_W\_!RS!SRWTWQW\`!Q\[`a_bWR\`!RS!b`\!_S`WRS[QWOY&!QO_S[aS`!
RS! W[`aOYOQWx[! RS! O`QS[`\_! \! ^bS! RW`]\[UO[! RS! O`QS[`\_! ^bS! [\! _Sy[O! YO`! Q\[RWQW\[S`! RS! OQQS`WPWYWROR&!
\Qb]O[R\! tZPWa\`! RS! g\[O! cS_RS! \! RS! cvO! ]yPYWQO! S[! Y\`! `b]bS`a\`! _SUbYOR\`! S[! Y\`! O_avQbY\`! 1(2(-(/! f!
1(+.(/(-&!_S`]SQaWcOZS[aS&!RS!YO`!C\_ZO`!J_PO[v`aWQO`!RSY!EYO[!=S[S_OY!RS!D_RS[OQWx[!J_PO[O!RS!BOR_WR!RS!
+331(!

+*(! AO!WZ]YO[aOQWx[!RS!b`\`!f!Q\[`a_bQQW\[S`!RS!QO_tQaS_!]_\cW`W\[OY(!

++(! AO! WZ]YO[aOQWx[! RS! OQaWcWRORS`! aSZ]\_OYS`! S[! Y\QOYS`! f! S`aOPYSQWZWS[a\`! Q\[! YWQS[QWO! \! RSQYO_OQWx[!
_S`]\[`OPYS! ]O_O! SY! SXS_QWQW\! RS! b[O! OQaWcWROR! f! S[! _SQW[a\`! \! S`]OQW\`! OPWS_a\`&! ]yPYWQ\`! \! ]_WcOR\`&! Q\[!
W[`aOYOQW\[S`!ScS[abOYS`&!]\_ataWYS`!\!RS`Z\[aOPYS`(!

+,(! AO`!OQabOQW\[S`!S[!SRWTWQW\`!S[!`WabOQWx[!RS!TbS_O!RS!\_RS[OQWx[!OP`\YbaO!f!YO`!OQabOQW\[S`!]\`WPYS`!S[!
W[T_OQQW\[S`!b_PO[v`aWQO`!^bS!Oy[![\!QbS[aS[!Q\[!YO!_S`\YbQWx[!RS!`b!]_S`Q_W]QWx[(!

+-(! AO!WZ]YO[aOQWx[!\!Z\RWTWQOQWx[!RS!OQaWcWRORS`!`\ZSaWRO`!O!OYUy[!]_\QSRWZWS[a\!RS!Q\[a_\Y!OZPWS[aOY!RS!
Q\[T\_ZWROR!Q\[!YO!YSUW`YOQWx[!`SQa\_WOY!RS!O]YWQOQWx[&!Q\[!SeQS]QWx[!RS!YO`!`WUbWS[aS`!OQaWcWRORS`!^bS!]\_!`b!
S`QO`O!_S]S_Qb`Wx[!OZPWS[aOY![\!Y\!]_SQW`O[4!
+-(+(!AO`!aWS[RO`!RS!T\a\Q\]WO`!f)\!WZ]_S`Wx[!SYSQa_x[WQO(!
+-(,(!A\`!aOYYS_S`!RS!_S]O_OQWx[!f!ZO[aS[WZWS[a\!RS!cSVvQbY\`!R\[RS!y[WQOZS[aS!`S!W[`aOYS[!SYSZS[a\`!\!
S^bW]OZWS[a\`! `W[! W[QWRS[QWO! ZSRW\! OZPWS[aOY&! Q\Z\! W[`aOYOQWx[! RS! Q\Z]\[S[aS`! SYSQa_x[WQ\`! f!
ZbYaWZSRWO!\!_S]O_OQWx[!RS!Yb[O`(!
+-(-(!?[`aOYOQW\[S`!PO`S!RS!aSYST\[vO!^bS!\]S_S[!Q\[!_ORW\T_SQbS[QWO&!RS!ZS[\`!RS!-**!Z,(!
 +-(.(!A\`! aOYYS_S`! RS! _S]O_OQWx[! RS! ZO^bW[O_WO&! S[! Y\`! ^bS! [\! `S! ]_\RbgQO[! _S`WRb\`! ]SYWU_\`\`! Q\Z\&!
S[a_S! \a_\`4! OQSWaS`! b`OR\`&! TYb\_S`QS[aS`&! ]WYO`&! POaS_vO`&! ]W[ab_O`&! PO_[WQS`&! ]SUOZS[a\`&!
`SYYO[aS`&![W!OUbO`!Q\[aOZW[ORO`!Q\[!OQSWaS`!\!_ST_WUS_O[aS`(!IOZ]\Q\!`S! W[QYbW_t[!Y\`!aOYYS_S`!RS!
_S]O_OQWx[!RS!O_avQbY\`!SYuQa_WQ\`!]O_O!SY!V\UO_(!
+-(/(!IW[a\_S_vO`!f!\a_\`!S`aOPYSQWZWS[a\`!`WZWYO_S`(!
+-(0(!8\ZS_QW\!f!RW`a_WPbQWx[!OY!]\_!ZS[\_!RS!]_\RbQa\`!^bvZWQ\`&!TO_ZOQubaWQ\`&!]_\RbQa\`!RS!R_\UbS_vO!
f!]S_TbZS_vO&!QbO[R\!YO`!\]S_OQW\[S`!RS!U_O[bYOR\&!ZSgQYO!\!S[cO`OR\![\!`SO[!`S_WORO`&!`W[\!^bS!
_S`]\[RO[!O!b[O!]SaWQWx[!W[RWcWRbOYWgORO!f![\!_S^bWS_O[!W[`aOYOQW\[S`!TWXO`!]O_O!`b!_SOYWgOQWx[(!
+-(1(!8S[a_\`! `O[WaO_W\`! O`W`aS[QWOYS`! Sea_OV\`]WaOYO_W\`&! QYv[WQO`! cSaS_W[O_WO`&! ZuRWQO`&! f! `WZWYO_S`&! `W[!
^bW_xTO[\!f!`W[!O]O_Oa\`!RS!_Of\`!L(!
+-(2(!AO`!QYv[WQO`!\R\[a\YxUWQO`(!

+.(! AO! WZ]YO[aOQWx[! \! Z\RWTWQOQWx[! RS! OQaWcWRORS`! Q\[! \Qb]O[aS`! Q\[! W[QO]OQWROR! ]O_O! QbWRO_`S! ]\_! `v!
ZW`Z\`!\!^bS!]_SQW`S[&!S[!`b!ZOf\_vO&!OfbRO!]O_O!YO!ScOQbOQWx[(!HS!W[QYbfS[!YO`!g\[O`!RS!V\`]WaOYWgOQWx[!\!
RS! a_OaOZWS[a\! W[aS[`Wc\&! _S`WRS[QWO`! US_Wta_WQO`! \! RS! ]S_`\[O`! RW`QO]OQWaORO`&! QS[a_\`! RS! SRbQOQWx[!
S`]SQWOY&!W[TO[aWY!RS!QS_\!O!a_S`!Ow\`&!f!RSZt`!OQaWcWRORS`!W[QYbWRO`!S[!SY!b`\!V\`]WaOYO_W\!]\_!SY!9\QbZS[a\!
7t`WQ\!97!H?!hHSUb_WROR!S[!QO`\!RS!W[QS[RW\i!RSY!8xRWU\!IuQ[WQ\!RS!YO!;RWTWQOQWx[(!

+/(! AO! WZ]YO[aOQWx[! \! Z\RWTWQOQWx[! RS! OQaWcWRORS`! RS! OYZOQS[OZWS[a\&! TOP_WQOQWx[! S! W[cS`aWUOQWx[! RS!
]_\RbQa\`! ^bS! ]\_! `b! ]\aS[QWOY! ]SYWU_\`WROR! S`at[! `bXSa\`! O! _SUbYOQWx[! S`]SQvTWQO&! aOYS`! Q\Z\! ]_\RbQa\`!
^bvZWQ\`! ]SYWU_\`\`&! ]Sa_\YvTS_\`&! Se]Y\`Wc\`&! [bQYSO_S`&! TO_ZOQubaWQ\`&! TWa\`O[WaO_W\`&! ]S`aWQWRO`! S!
W[`SQaWQWRO`(!

+0(! AO! WZ]YO[aOQWx[! \! Z\RWTWQOQWx[! RS! OQaWcWRORS`! S[! YO`! ^bS! `S! W[QYbfO[! W[`aOYOQW\[S`! _ORW\OQaWcO`! RS!
QbOY^bWS_! QOaSU\_vO! f! \a_O`! W[`aOYOQW\[S`! ^bS! ]_SQW`S[! ]_\aSQQW\[S`! S`]SQvTWQO`! ]O_O! ScWaO_! STSQa\`! [\QWc\`!
TbS_O! RSY! _SQW[a\! S[! SY! ^bS! OQayO[&! aO[a\! `W! `S! SZ]YSO[! S[! YO! RWOU[\`W`! \! a_OaOZWS[a\! ZuRWQ\! Q\Z\! S[!
]_\QS`\`! RS! TOP_WQOQWx[&! Q\ZS_QWOYWgOQWx[! \! OYZOQS[OZWS[a\(! HS! W[QYbW_t[! S[! a\R\`! Y\`! QO`\`! YO`!
W[`aOYOQW\[S`!RS!ZSRWQW[O![bQYSO_&!_ORW\aS_O]WO!\!_ORW\Y\UvO&!`OYc\!Y\`!S^bW]\`!RS!_ORW\U_OTvO!W[a_O\_OY!RS[aOY!\!
RS!`b`!ZW`ZO`!QO_OQaS_v`aWQO`!Q\[!\a_O`!O]YWQOQW\[S`!`O[WaO_WO`(!

+1(! AO!WZ]YO[aOQWx[!\!Z\RWTWQOQWx[!RS!OQaWcWRORS`!W[Rb`a_WOYS`!RS!TOP_WQOQWx[!\!SYOP\_OQWx[!f!a_OaOZWS[a\!RS!
]_\RbQa\`! OYWZS[aWQW\`! ]O_O! `b! Q\[`bZ\! TbS_O! RSY! Y\QOY! aOYS`! Q\Z\! ZOaORS_\`&! `OYO`! RS! RS`]WSQS! f!
TOP_WQOQWx[!RS!]_\RbQa\`!OYWZS[aO_W\`(!

+2(! AO!WZ]YO[aOQWx[!\!Z\RWTWQOQWx[!RS!OQaWcWRORS`!S[UY\PORO`!S[!SY!b`\!`S_cWQW\`!aS_QWO_W\`!QYO`S!V\`]SROXS(!

+3(! AO!WZ]YO[aOQWx[!\!Z\RWTWQOQWx[!RS!OQaWcWRORS`!W[Rb`a_WOYS`!\!RS!OYZOQS[OZWS[a\!Q\[![WcSY!RS!_WS`U\!OYa\&!
S[!a\R\`!Y\`!QO`\`&!f!Q\[![WcSY!RS!_WSU\!ZSRW\!S[!Y\QOYS`!RS!SRWTWQW\`!Q\[!\a_\`!b`\`(!

,*(! AO!QSYSP_OQWx[!RS!S`]SQatQbY\`!]yPYWQ\`!f!OQaWcWRORS`!_SQ_SOaWcO`!S[!S`]OQW\`!OPWS_a\`!Q\[!W[`aOYOQW\[S`!
\!S`a_bQab_O`!ScS[abOYS`&!RS`Z\[aOPYS`!\!]\_ataWYS`&!`OYc\!YO`!Oba\_WgOQW\[S`!Sea_O\_RW[O_WO`!]_ScW`aO`!]\_!YO!
_SUbYOQWx[!`SQa\_WOY!RS!S`]SQatQbY\`!]yPYWQ\`!f!OQaWcWRORS`!_SQ_SOaWcO`(!

,+(! AO! WZ]YO[aOQWx[! \! Z\RWTWQOQWx[! RS! UO_OXS`'O]O_QOZWS[a\`! _\P\aWgOR\`&! Y\`! ]yPYWQ\`! f! Y\`! ]_WcOR\`! Q\[!
`b]S_TWQWS!`b]S_W\_!O!`SW`!ZWY!$0(***%!ZSa_\`!QbOR_OR\`!Q\[`a_bWR\`(!

,,(! AO! WZ]YO[aOQWx[! \! Z\RWTWQOQWx[! RS! S`aOQW\[S`! \! W[T_OS`a_bQab_O`! _ORW\SYuQa_WQO`! RW`]\[WPYS`! ]O_O! SY!
]yPYWQ\!f!`W[!]YO[!RS!RS`]YWSUbS&!RS!Zt`!RS!a_S`QWS[a\`!ZSa_\`!QbOR_OR\`!$-**!Z,%(!