kAmtIEC6>6 H62E96C 6G6?ED >2J =625 E@ 2 564:D:@? E@ >2<6 4@C? D:=286 C2E96C E92? 92CG6DE 4@C? 7@C 8C2:?[ @C E@ 92CG6DE 24C6D E92E H:== 6I4665 4FCC6?E D:=286 DE@C286 42A24:EJ] q67@C6 92CG6DE:?8 7@C D:=286[ >2<6 DFC6 J@F 92G6 2 >2C<6E 7@C E96 D:=286 @C 2 DF77:4:6?E ?F>36C @7 =:G6DE@4< E@ 7665 :E E@] xE >2J 36 5:77:4F=E E@ 92CG6DE 8@@5 BF2=:EJ 4@C? D:=286 :7 E96 4C@A 92D H62E96C 52>286[ 2?5 E96 64@?@>:4 G2=F6 @7 E96 D:=286 H:== =:<6=J 36 =@H6C E92? D:=286 7C@> ?@?\52>2865 7:6=5D]k^Am

kAm(96? 92CG6DE:?8 =@5865 4@C? 7@C D:=286[ FD6 2 z6>A6C 9625 :7 A@DD:3=6] x7 2 C@H 4C@A 9625 :D FD65[ 7=2EE6?:?8 E96 9625 2?8=6 >2J 96=A H:E9 7665:?8 =@5865 4@C? :?E@ E96 7@C286 92CG6DE6C] w2CG6DE:?8 282:?DE E96 5:C64E:@? :? H9:49 E96 4C@A :D =62?:?8 2?5 CF??:?8 E96 9625 2D 4=@D6 E@ E96 8C@F?5 2D A@DD:3=6 42? 2=D@ 96=A] x? D:EF2E:@?D H96C6 :>>2EFC6 @C 5C@F89E\DEC6DD65 4@C? :D 36:?8 92CG6DE65[ E96C6 :D A@E6?E:2= 7@C 9:89 ?:EC2E6 4@?46?EC2E:@?D :? E96 D:=286] w:89 ?:EC2E6 =6G6=D 42? 36 >2?2865 3J :?4C62D:?8 E96 4FEE:?8 96:89E @C 3J 5:=FE:?8 :E :? E96 7665 C2E:@?] x7 9:89 ?:EC2E6 4@?46?EC2E:@?D 2C6 2 4@?46C?[ DF3>:E 2 D2>A=6 E@ 2 7@C286 E6DE:?8 =23 367@C6 :E :D 765 E@ =:G6DE@4<]k^Am

kAmkDEC@?8m$E@C286 @AE:@?Dk^DEC@?8mk^Am

kAm%96 <6JD E@ 8@@5 D:=286 DE@C286 2C6 92CG6DE:?8 2E E96 4@CC64E >@:DEFC6 =6G6=[ 249:6G:?8 8@@5 A24<:?8 56?D:EJ[ AC@A6C :?DE2==2E:@? 2?5 >2:?E6?2?46 @7 D:=286 4@G6CD[ 2?5 D6=64E:?8 2 8@@5 =@42E:@? 7@C DE@C286] (:E9 F?A=2??65 D:=286 92CG6DE[ 7=6I:3=6 DE@C286 2=E6C?2E:G6D 2C6 ?66565]k^Am

kAmkDEC@?8m$:=286 328Dk^DEC@?8mk^Am

kAm$:=286 328D 2C6 2 8@@5 @AE:@? 7@C DE@C:?8 4@C? D:=286] %96J 2==@H 7@C 7=6I:3:=:EJ :? 3@E9 DE@C286 42A24:EJ 2?5 =@42E:@?] %96 AC676CC65 >@:DEFC6 C2?86 7@C 328865 4@C? D:=286 :D e_ E@ f_T] tI4665:?8 f_T >@:DEFC6 >2J =625 E@ D66A286[ ?FEC:6?E =@DD[ 2?5 DA@:=286] q288:?8 D:=286 E92E :D E@@ 5CJ 42? 42FD6 F?6G6? A24<:?8 2?5 =625 E@ A@@C 76C>6?E2E:@?] q28D D9@F=5 36 :?DA64E65 C68F=2C=J 7@C 9@=6D 2?5 C6A2:C65 :>>65:2E6=J H:E9 328 E2A6 :7 52>286 @44FCD] !=24:?8 328D 2H2J 7C@> EC66D 2?5 >@H:?8 G686E2E:@? 2C@F?5 E96 328 42? 96=A AC6G6?E 52>286 7C@> 2?:>2=D]k^Am

kAmkDEC@?8msC:G6\@G6C A:=6Dk^DEC@?8mk^Am

kAmsC:G6\@G6C A:=6D 2C6 2 C6=2E:G6=J :?6IA6?D:G6 @AE:@? 7@C DE@C:?8 =2C86 G@=F>6D @7 D:=286] p >@:DEFC6 C2?86 @7 ed E@ faT H@C<D H6== 7@C 4@C? D:=286 :? 5C:G6\@G6C A:=6D] %96 <6J E@ >2<:?8 BF2=:EJ D:=286 :? A:=6D :D 249:6G:?8 8@@5 A24<:?8 56?D:EJ] $A@:=286 =@DD6D 42? 6I4665 b_T :? A@@C=J 4@?DECF4E65 A:=6D] &?A24<65 A:=6D 2C6 ?@E 2? 64@?@>:42= DE@C286 @AE:@?]k^Am

kAm$:=286 D9@F=5 36 A=2465 :? e\:?49 =2J6CD 2?5 E9@C@F89=J A24<65 H:E9 962GJ >249:?6CJ 6BF:AA65 H:E9 2 7C@?E\6?5 =@256C @C AFD9 3=256] pD 2 86?6C2= CF=6 @7 E9F>3[ J@F 42? >F=E:A=J E96 6DE:>2E65 E@?D A6C 9@FC 56=:G6C65 E@ E96 3F?<6C 3J g__ E@ 86E E96 A@F?5D @7 A24<:?8 H6:89E ?66565] !:=6 D=@A6D D9@F=5 36 ?@ 8C62E6C E92? bi` E@ >:?:>:K6 E96 C:D< @7 6BF:A>6?E C@==@G6C 5FC:?8 7:==:?8] &D6 EC24E@CD 6BF:AA65 H:E9 C@==@G6C AC@E64E:@? 2?5 D62E 36=ED 7@C A24<:?8] !:=6D D9@F=5 ?@E 36 9:896C E92? E96 7665\@FE 6BF:A>6?E 42? D276=J C6249] tI46DD:G6 A:=6 96:89E =625D E@ D:=286 @G6C92?8 2?5 A@E6?E:2= 4@==2AD6 @7 E96 D:=286 7246] %9:D :D 2 D6C:@FD D276EJ 92K2C5 E92E >2J =625 E@ :?;FCJ @C 562E9]k^Am

kAmw:89\42A24:EJ 7@C286 92CG6DE:?8 6BF:A>6?E 2?5 DF77:4:6?E A24<:?8 42A24:EJ H:== 36 ?66565 :? @C56C E@ >2<6 =2C86 A:=6D BF:4<=J] x562==J[ A:=6D D9@F=5 36 3F:=E 2?5 4@G6C65 E96 D2>6 52J E@ 2G@:5 DA@:=286 =@DD6D 7C@> E96 6IA@D65 D:=286 DFC7246] %96 A:=6 D9@F=5 36 4@G6C65 H:E9 A=2DE:4 2?5 D62=65 2=@?8 E96 D:56D 3J A:=:?8 D@:= @C @E96C 962GJ 7:== >2E6C:2= @? E@A @7 E96 A=2DE:4]k^Am

kAm%:C6D[ D2?5328D[ @C @E96C H6:89ED E92E H:== ?@E AF?4EFC6 E96 DFC7246 42? 36 FD65 E@ D64FC6 E96 A=2DE:4] !@@C=J D64FC65 A=2DE:4 H:== =625 E@ DA@:=286 2?5 :D DF3;64E E@ H:?5 52>286] #@A6 42? 36 DEC6E4965 36EH66? H6:89ED E@ 96=A D64FC6 E96 A=2DE:4 :7 E96C6 2C6 ?@E 6?@F89 H6:89ED E@ 4@G6C E96 6?E:C6 DFC7246] {62G:?8 E96 A:=6 F?4@G6C65 H:== C6DF=E :? DF3DE2?E:2= DA@:=286 =@DD6D E92E =:<6=J 6I4665 E96 4@DE @7 AFC492D:?8 2?5 :?DE2==:?8 2 4@G6C]k^Am

kAmkDEC@?8muC6?49 D:=@Dk^DEC@?8mk^Am

kAmp? 2=E6C?2E:G6 E@ A:=6 4@?DECF4E:@? :D 2 EC6?49 56D:8?] x? 2C62D H:E9 DF:E23=6 E@A@8C2A9J[ D9@CE D:56H2==D 42? 36 4@?DECF4E65 3J 6I42G2E:?8 :?E@ 2 9:==D:56] $:56H2==D D9@F=5 36 D=@A65 @FEH2C5 7C@> E96 3@EE@> 2?5 96:89E D9@F=5 36 <6AE E@ 2 >:?:>F>] (2==D D9@F=5 ?6G6C 36 6I42G2E65 G6CE:42==J 2D E9:D 42? =625 E@ D:56H2== 4@==2AD6] {:?:?8 E96 D:56D H:E9 A=2DE:4 367@C6 7:==:?8 H:== C65F46 DA@:=286 =@DD6D 2?5 :>AC@G6 7665 BF2=:EJ] $:56H2==D >FDE 36 23=6 E@ H:E9DE2?5 =2E6C2= 7@C46D 7C@> 3@E9 D:=286 2?5 A24<:?8 6BF:A>6?E] pEE6>AE:?8 E@ 4@?DECF4E E6>A@C2CJ 3F?<6C D:56H2==D @FE @7 C@F?5 32=6D @C @E96C F?D64FC65 >2E6C:2=D :D ?@E C64@>>6?565] &?D64FC65 @C A@@C=J 6?8:?66C65 H2==D 2C6 2 D6C:@FD D276EJ 92K2C5 E92E 42? 72:= C2A:5=J 2?5 =625 E@ 6BF:A>6?E C@==@G6C]k^Am

kAmkDEC@?8m$:E6 D6=64E:@? 2?5 AC6A2C2E:@?k^DEC@?8mk^Am

kAmv@@5 D:E6 AC6A2C2E:@? :D 4C:E:42= 7@C C65F4:?8 DA@:=286 2?5 7665\@FE =@DD6D] $6=64E 2 =@42E:@? E92E 2==@HD H2E6C E@ 5C2:? 2H2J 7C@> E96 D:E6] s@ ?@E =@42E6 328D @C A:=6D :? 2 =@H 2C62 E92E >2J 364@>6 :?2446DD:3=6 5FC:?8 H6E 4@?5:E:@?D] s:88:?8 2 D92==@H EC6?49 2C@F?5 E96 FAD=@A6 2C62 42? 96=A E@ 5:G6CE DFC7246 H2E6C 2H2J 7C@> E96 D:E6] p H6==\A24<65 A25 4@?DECF4E65 H:E9 2 e\:?49 =2J6C @7 `]d E@ a]d\:?49 5:2>6E6C 8C2G6= F?56C 2 b\:?49 =2J6C @7 =:>6DE@?6 D4C66?:?8D >2<6D 2? 2446AE23=6 32D6 7@C J62C\C@F?5 2446DD]k^Am

kAmu@C E6>A@C2CJ DE@C286[ A=24:?8 328D @C A:=6D :? 2 7:6=5 @C 8C2DD65 2C62 :D 2? @AE:@?] w@H6G6C[ 6BF:A>6?E EC277:4 5FC:?8 A:=6 7665\@FE @? 2 D:E6 H:E9@FE 2 4@?DECF4E65 32D6 :D =:<6=J E@ 4C62E6 CFED 2?5 >F5 9@=6D 5FC:?8 H6E H62E96C] u665:?8 @FE 5FC:?8 4@=5 H62E96C 42? 96=A[ 3FE E96 8C@F?5 F?56C?62E9 A:=6D H:== ?@E 7C66K6 2?5 >2J EFC? E@ >F5] x?G6DE:?8 E:>6 :?E@ D:E6 D6=64E:@? 2?5 AC6A2C2E:@? H:== 96=A >2<6 E6>A@C2CJ DE@C286 2 DF446DD]k^Am

kAm':D:E k2 9C67lQ9EEADi^^3:E]=J^b8>h%>+Qm9EEADi^^3:E]=J^b8>h%>+k^2m 7@C 255:E:@?2= :?7@C>2E:@? 2?5 C6D@FC46Dk^Am