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(1)

59%8638VERWJIV4VSNIOX

+IWXEPXYRKW[MWWIRJ²VFIXVMIFPMGLI 6ISVKERMWEXMSRWTVS^IWWI

4VS+6IW

)RX[MGOPYRKIMRIW'YVVMGYPYQW J²VFIXVMIFPMGLI4VS^I—KIWXEPXIV

-RWXMXYX%VFIMXYRH8IGLRMO MQ;MWWIRWGLEJXW^IRXVYQ 2SVHVLIMR;IWXJEPIR 1YRWGLIMHWXVE—I +IPWIROMVGLIR

4VSNIOXXIEQ

7ERHVE/VIQIV 8IP

(IXPIJ'SVHW1MGLEP^MO 8IP

.YXXE,ELR4VSNIOXWIOVIXEVMEX 8IP

*E\

[[[ LXXTMEXMRJSMEXKIHI IQEMP TVSKVIW$MEXKIHI

7XERH3OXSFIV

5Y EXVS 8VER WJIV4VS NIOX 4V S+6I W ;S VOM R4VS+6IW

(2)

-RLEPX 7IMXI

59%8630IMXFMPHYRH)MRFIXXYRKHIW4VSNIOXIW

MRHEW26;*¸VHIVTVSKVEQQ

(EW4VSNIOX4VS+6IW

>MIPYRH%YJKEFIRWXIPPYRK

8LISVIXMWGLIV6ELQIRYRH0IMXFMPHHIW4VSNIOXIW

>MIPKVYTTI

)RHTVSHYOX

(EW4LEWIRQSHIPP

(EW4LEWIRQSHIPPrIMRIV[IMXIVXIW4VSHYOXERKIFSX

(EW'YVVMGYPYQ

)VKÇR^IRHI0IMWXYRKIRYRH1E—RELQIR

6SPPIRMQ:IVÇRHIVYRKWTVS^I—(IJMRMXMSRHIW&IKVMJJW4VS^I—KIWXEPXIV

(MI4VSNIOXEVFIMX

:SVKILIR

%VFIMXWWGLVMXXI

>IMXTPER

(EWOSROVIXMWMIVXI4LEWIRQSHIPP

4LEWIHIV1SXMZEXMSR7IRWMFMPMWMIVYRKYRH/SROVIXMWMIVYRK

ZSR6ISVKERMWEXMSRWTVS^IWWIR

/SRXVEOXTLEWI

4LEWIHIV(YVGLJ²LVYRKHIW6ISVKERMWEXMSRWTVS^IWWIW 4LEWIHIV2EGLFIXVIYYRK%YW[IVXYRK7XEFMPMWMIVYRK

8VERWJIVYRH/YRHIRTJPIKI

%VFIMXYRH)VJELVYRKIRQMXHIQ4LEWIRQSHIPPMR HIRHYVGLKIJ²LVXIR;SVOWLSTWYRXIVHIQ%WTIOXHIV

)VQMXXPYRKHIV7GLP²WWIPIPIQIRXI8ÇXMKOIMXIRYRH-RWXVYQIRXI ÍFIVKVIMJIRHIV7GLP²WWIPFIVIMGL-RJSVQEXMSRYRH/SQQYRMOEXMSR )RX[MGOPYRKHIV/SQTIXIR^IRHIV4VS^I—KIWXEPXIVEYWHIQ

4LEWIRQSHIPP%RJSVHIVYRKIRERHEW'YVVMGYPYQ

(3)

%RLERK 7IMXI ,MWXSVMIHIW4VSNIOXIWy+IWXEPXYRKW[MWWIRJ²VFIXVMIFPMGLI

6ISVKERMWEXMSRWTVS^IWWIl

(EW4VSNIOXXIEQMQ-%8+IPWIROMVGLIR

)\XIVRI)\TIVXIR

4VSNIOX0SKS

(4)

59%8630IMXFMPHYRH)MRFIXXYRKHIW4VSNIOXIWMRHEW26;

*¸VHIVTVSKVEQQ

(EW26;r0ERHIWTVSKVEQQ59%863MRHIWWIR6ELQIRHEW4VSNIOX4VS+6IWKIJ¸VHIVX [MVHZIVJSPKXHEW>MIPHIR7XVYOXYV[ERHIPMR2SVHVLIMR;IWXJEPIRWS^MEPZIVXVÇKPMGL^Y KIWXEPXIRHL%VFIMXWTPEX^EFFEY^YZIVQIMHIRF^[^YVIHY^MIVIR-Q7MRRIIMRIW%V FIMXWQEVOXTVSKVEQQIWHYVGLTVÇZIRXMZI%VFIMXWQEVOXTSPMXMOYRHEVFIMXWSVMIRXMIVXI1S HIVRMWMIVYRK [IVHIR 5YEPMJM^MIVYRKWQE—RELQIR KIJ¸VHIVX HMI MR >YWEQQIRLERK QMX HIV)MRJ²LVYRKRIYIV8IGLRSPSKMIRYRH4VSHYOXIRIYIV3VKERMWEXMSRWOSR^ITXIWS[MI FIWWIVIV 9Q[IPXWXERHEVHW MR OPIMRIR YRH QMXXPIVIR 9RXIVRILQIR WXILIR >MIPKVYTTI WMRH ZSR%VFIMXWPSWMKOIMX FIHVSLXI 1MXEVFIMXIVMRRIR MR /PIMRIRYRH 1MXXIPWXÇRHMWGLIR 9RXIVRILQIRHMIHYVGLHMI7MGLIVYRKF^[)VL¸LYRKMLVIV%VFIMXWQEVOXJÇLMKOIMXWS [MIHYVGLHMI7MGLIVYRKHIV;IXXFI[IVFWJÇLMKOIMXHIV&IXVMIFIYRXIVWX²X^X[IVHIRWSP PIR

(IV %VFIMX HIV 4VSNIOXI MR HMIWIQ 4VSKVEQQ WMRH HMI JSPKIRHIR )VJSPKW/VMXIVMIR ^Y KVYRHIKIPIKX[SVHIR

• -RRSZEXMZI/SR^ITXI

• 1SHIPPLEJXIW:SVKILIR

• 4EVXM^MTEXMZI7XVYOXYVIR

• 8VERWJIVJÇLMKOIMX 2EGLLEPXMKOIMXHIV)VKIFRMWWI^&:IV¸JJIRXPMGLYRK1YPXMTPMOE XSVIRTVMR^MT)XEFPMIVYRKWIPFWXXVEKIRHIV7XVYOXYVIRREGL%FPEYJHIV*¸VHIV^IMX

%YJKEFI HIW 59%8638VERWJIV4VSNIOX 4VS+6IW MWX HMI )VKIFRMWWI HIV GE EFKI WGLPSWWIRIRYRHPEYJIRHIR59%863YRH%(%484VSNIOXI^YHIR8LIQIR6ISVKERMWE XMSRWTVS^IWWIYRH5YEPMJM^MIVYRKZSR4VS^I—KIWXEPXIVR^YWMGLXIRIMRI%YW[ELPHIV VIPIZERXIR 4VSNIOXI ZSV^YRILQIR YRH HMIWI )VJELVYRKIR EPW &EWMW ^Y RYX^IR YQ HEW 4VSNIOXXLIQE

+IWXEPXYRKW[MWWIR J²V FIXVMIFPMGLI 6ISVKERMWEXMSRWTVS^IWWI r )RX[MGOPYRK IMRIW'YVVMGYPYQWJ²VFIXVMIFPMGLI4VS^I—KIWXEPXIV

^YFIEVFIMXIR

(EW>MIPHIW8VERWJIVWrEYJ&EWMWHIVSFIRKIRERRXIR/VMXIVMIRrFIWXILXHEVMRHMIJ²V HEW 4VSNIOXXLIQE VIPIZERXIR )VKIFRMWWI EYW HIQ 59%8634VSKVEQQ PERKJVMWXMK YRH REGLLEPXMK^YWMGLIVRWS[MIWMI²FIVHIRTVMQÇVIR)RXWXILYRKWYRH:IV[IRHYRKW^Y WEQQIRLERKLMREYWFIOERRX^YQEGLIRMR[IMXIVI7MXYEXMSRIR^Y²FIVXVEKIRYRHMQ 7MRRIIMRIVOSRXMRYMIVPMGLIR:IVFIWWIVYRK[IMXIV^YIRX[MGOIPR

(5)

(EW4VSNIOX4VS+6IW

>MIPYRH%YJKEFIRWXIPPYRK

>MIPHIW4VSNIOXW4VS+6IWMWXHMI9RXIVWX²X^YRKYRH5YEPMJM^MIVYRKZSR%OXIYVIRHMIMR

&IXVMIFIR6ISVKERMWEXMSRWTVS^IWWIZSVERXVIMFIR(MILSLIXIGLRMWGLIWS^MEPIYRHSVKE RMWEXSVMWGLI /SQTPI\MXÇX FIXVMIFPMGLIV :IVÇRHIVYRKWTVS^IWWI ZIVPERKX ZSR HIR ZIVERX [SVXPMGLIR%OXIYVIR;MWWIRYRH*ÇLMKOIMXIRHMI²FIVHMI/IRRXRMWMRRSZEXMZIV3VKERM WEXMSRWJSVQIR LMREYWKILIR YRH WMGL EYJ HMI7XVEXIKMIR ^YV:IVÇRHIVYRK FIWXILIRHIV 7XVYOXYVIRFI^MILIR(MIWIW+IWXEPXYRKW[MWWIRJ²VFIXVMIFPMGLI6ISVKERMWEXMSRWTVS^IWWI WXILXMQ>IRXVYQHIW4VSNIOXIW

8LISVIXMWGLIV6ELQIRYRH0IMXFMPHHIW4VSNIOXIW

3VKERMWEXMSRIRYRHHIVIR:IVÇRHIVYRKIRWS[MI:IVÇRHIVYRKWWXVEXIKMIR[IVHIRMRHIV [MWWIRWGLEJXPMGLIR 0MXIVEXYV WS[MI MR HIV TVEOXMWGLIR %VFIMX EYJ &EWMW ZIVWGLMIHIRIV XLISVIXMWGLIVYRHTVEOXMWGLIV%RWÇX^IHEVKIWXIPPXYRHHMWOYXMIVX[SHYVGLWMGLLÇYJMKIMR HMJJYWIW &MPH IVKMFX %YW +V²RHIR HIV 8VERWTEVIR^ YRH 2EGLZSPP^MILFEVOIMX MWX IW RSX [IRHMKJ²VHEW4VSNIOXHIR6ELQIR^YFIRIRRIRYRHEF^YWXIGOIRMRHIQIWWMGLFI [IKX

-Q6ELQIRHIW59%8630IMXFMPHIW[MVHHYVGLHEW4VSNIOXNIHIWMRHMZMHYIPPI3VKERMWEXM SRWOSR^ITX NIHIW 3VKERMWEXMSRWZIVWXÇRHRMW YRH NIHIW HEVEYW EFKIPIMXIXI 0IMXFMPH HIV 3VKERMWEXMSR WS[MI :IVWXÇRHRMW HIW ;ERHIPW ZSR 3VKERMWEXMSRIR KPIMGLFIVIGLXMKX EO

^ITXMIVX)WMWXRMGLXHMI%YJKEFIHIW4VSNIOXIWHMIZIVWGLMIHIRIR0IMXFMPHIV3VKERMWEXM SRWQSHIPPISHIV3VKERMWEXMSRWZIVWXÇRHRMWWI^YFI[IVXIRWSRHIVRHMIZMIPJÇPXMKIR1¸K PMGLOIMXIR YRH 4SXIRXMEPI EPW 7GLP²WWIPIPIQIRXI 8ÇXMKOIMXIR 1IXLSHIR SHIV EYGL -R WXVYQIRXI WS[MI HMI KIQEGLXIR )VJELVYRKIR ^Y IVOIRRIR MQ 7MRRI HIW +IWXEPXYRKW [MWWIREYJ^YFIVIMXIRYQIMRHEVEYJFEWMIVIRHIW5YEPMJM^MIVYRKWOSR^ITX^YIVEVFIMXIR

%YWKIKERKIR[MVHZSRIMRIQQE\MQEPIR3VKERMWEXMSRWFIKVMJJHIVIMRI7]RXLIWIEYW HIQMRWXMXYXMSRIPPIRIMR+IFMPHIMWXIMRI3VKERMWEXMSRHIQMRWXVYQIRXIPPIRIMR+IFMP HILEX IMRI 3VKERMWEXMSR WS[MI HIQJYROXMSRIPPIR IMR ^MIPKIVMGLXIXIV WXVYOXYVMIVXIV 4VS^I—MWX3VKERMWEXMSR:IVWXÇRHRMWZSR3VKERMWEXMSRIRHEVWXIPPX

3VKERMWEXMSRMWXIMR^MIPFI^SKIRIWVIPEXMZHEYIVLEJXIWSJJIRIWWS^MS XIGLRMWGLIW 7]WXIQ QMX JSVQEPIR YRH MRJSVQEPIR 7XVYOXYVIR IMRIQ )RXWXILYRKW WS[MI IMRIQ VIPEXMZ OSRXMRYMIVPMGLIR :IVÇRHIVYRKWTVS

^I—

(MI%VFIMXHIW4VSNIOXIWIVJSPKXQMXHIQ:IVWXÇRHRMWHE—HMI+IWXEPXYRKZSR:IVÇRHI VYRKWTVS^IWWIRMR3VKERMWEXMSRIRIMRIVKER^LIMXPMGLIR3VKERMWEXMSRWIRX[MGOPYRKYR XIV&I^YKRELQIEYJHIRWS^MSXIGLRMWGLIR7]WXIQERWEX^FIHEVJYQIVJSPKVIMGL^YWIMR

;SLPKIQYXL%RHVÃ'(EW&IVEXYRKWOSR^ITXHIV3VKERMWEXMSRWIRX[MGOPYRK2IYI*SVQIRHIV9RXIVRILQIRWFIVEXYRK EYJ+VYRHPEKIHIWWS^MSXIGLRMWGLIR7]WXIQERWEX^IW&IVR,EYTX7

(6)

• HIV)VPIMGLXIVYRKYRH-RXIRWMZMIVYRK

• HIVEOXMZIR^YOYRJXWKIVMGLXIXIR)RX[MGOPYRKZSR3VKERMWEXMSR

• YRXIV&IV²GOWMGLXMKYRKWS[SLPTIVWSREPIVYRHMRXIVTIVWSREPIV

• EPWEYGLWXVYOXYVIPPIVYRHXIGLRSPSKMWGLIV%WTIOXI

• HIV1IRWGL[MVHHEFIMEPW[MGLXMKWXIW)PIQIRXHIV3VKERMWEXMSRFIXVEGLXIXHENIHIV 3)4VS^I—HYVGL1IRWGLIRMR+ERKKIFVEGLX[MVHYRHWMGLEYJWMIEYW[MVOX

• FIEFWMGLXMKX[MVHHMI*¸VHIVYRKHIV4EVXM^MTEXMSRWQ¸KPMGLOIMXIR

• HEW0IVRIRHYVGL)VJELVYRK

• HMI4IVW¸RPMGLOIMXWIRX[MGOPYRKHIVFIXIMPMKXIR1IRWGLIR

• HMI)VL¸LYRKHIV0IMWXYRKWJÇLMKOIMXYRH

• HIV*PI\MFMPMXÇXHIV3VKERMWEXMSR

-Q7MRRIHIVWS^MSXIGLRMWGLIR)RX[MGOPYRK[IVHIRHMIJSPKIRHIR>MIPIEYJZIVWGLMIHI RIR)FIRIRKPIMGLFIVIGLXMKXZIVJSPKXYQHIQ4VSNIOXEYJXVEKKIVIGLX^Y[IVHIR

• 7GLEJJYRK SHIV 7MGLIVYRK IMRIV /YPXYV HIV REGLLEPXMKIR :IVÇRHIVYRK 3VKERMWEXM SRWOYPXYVIRX[MGOPYRKEYJHIVRSVQEXMZIR)FIRI

• )VL¸LYRKHIV0IMWXYRKWJÇLMKOIMXHIV3VKERMWEXMSRYRH7MGLIVYRKHIV;IXXFI[IVFW JÇLMKOIMXHIV3VKERMWEXMSR3VKERMWEXMSRWIRX[MGOPYRKEYJHIVWXVEXIKMWGLIR)FIRI

• )VL¸LYRK YRH 7MGLIVYRK HIV 0IFIRWJÇLMKOIMX HIV 3VKERMWEXMSR 3VKERMWEXMSRWIRX [MGOPYRKEYJHIVSTIVEXMZIR)FIRI

• )RXJEPXYRKHIV3VKERMWEXMSRWQMXKPMIHIV^YVEOXMZIR1MXKIWXEPXYRKHIV6ISVKERMWEXMSR WS[MI7MGLIVYRKYRH)VL¸LYRKHIV%VFIMXWQEVOXJÇLMKOIMXHIV3VKERMWEXMSRWQMXKPMI HIV4IVWSREPIRX[MGOPYRK

1IRWGLIRMR 3VKERMWEXMSRIR I\XIVRI 4VS^I—KIWXEPXIV F^[ &IVEXIV WS[MI ^& WMI J¸V HIVRHI-RWXMXYXMSRIRZIVJ²KIR²FIVZIVWGLMIHIRI:SVWXIPPYRKIR;IVXIYRH%RRELQIR rHLWSKIRERRXII\TPM^MXIYRHSHIVMQTPM^MXI0IMXFMPHIVr²FIVHEW*YROXMSRMIVIRHIV 3VKERMWEXMSRWS[MIHIV:IVÇRHIVYRKWTVS^IWWIHMIMLV(IROIRYRH,ERHIPRPIMXIR (MIWWXIPPXIMRI,IVEYWJSVHIVYRKJ²VIMR4VSNIOXHEVHEWWMGL^Y%YJKEFIKIQEGLXLEX IMR ZIVEPPKIQIMRIVFEVIW YRH XVERWJIVJÇLMKIW +IWXEPXYRKW[MWWIR ^Y IVEVFIMXIR :SV HMIWIQ,MRXIVKVYRHYRHHIV%O^ITXER^HIW59%8630IMXFMPHIW[MVHHMI'LERGIIVKVMJ JIRHMIWIV:MIPJEPXYRHHIRHELMRXIVPMIKIRHIR4SXIRXMEPIR^YIRXWTVIGLIRYRHKIVIGLX

^Y [IVHIR MRHIQ MQ 6ELQIR HIW 59%8630IMXFMPHIW HIV :IVWYGL KI[EKX [MVH HMI :MIPJEPX^YMRXIKVMIVIR

)RX[MGOPYRKMWXLMIVFIMRMGLXKPIMGLFIHIYXIRHQMX;EGLWXYQWSRHIVR[MVHEPW&I^IMGLRYRKJ²VUYEPMXEXMZI:IVÇRHIVYRKIRMRIMRIV 3VKERMWEXMSRZIV[IRHIX-Q+IKIRWEX^HE^Y[IVHIRUYERXMXEXMZI;EGLWXYQWSHIV7GLVYQTJYRKWTVS^IWWIRMGLXEPW)RX[MGOPYRK FI^IMGLRIX(MIWI8VIRRYRKMWXMRHIV4VE\MWIMRIW&IXVMIFIWWIPFWXZIVWXÇRHPMGLYRVIEPMWXMWGLHEFIMHI4VS^IWWITEVEPPIPYRHMRIMRERHIV JPMI—IRWS[MIIMRERHIVFIHMRKIRZKP;SLPKIQYXL

(7)

(EW59%8630IMXFMPHIVQ¸KPMGLXIMRIR+IWXEPXYRKWVEYQHIV^[EVFIWXMQQXIR4VMR^MTM IRYRH/VMXIVMIRZIVTJPMGLXIXMWXHIRRSGLKIRYK*VIMVEYQPǗXZIVWGLMIHIRI;IKIHIV :IVÇRHIVYRK^YFIWGLVIMXIR(MIWI^YWEQQIPRYRHEYJ^YFIVIMXIRHLIMRHIYXMKIYRH TVEOXMOEFPI;IKIEFIVHIRRSGLEPXIVREXMZI1¸KPMGLOIMXIREYJ^Y^IMKIRYRHWSQMXMRIMR ZIVEPPKIQIMRIVFEVIWYRHXVERWJIVJÇLMKIW+IWXEPXYRKW[MWWIR ^Y²FIVJ²LVIR MWX HMI %YJ KEFIHIVWMGLHEW4VSNIOXWXIPPX

(EW4VSHYOXWXIPPXIMRIR4SSPZSR1¸KPMGLOIMXIRHEVHIVEYJHMIWTI^MJMWGLIRYRHMRHMZM HYIPPIR7MXYEXMSRIR^YKIWGLRMXXIR[IVHIRQY—(MI/SQTIXIR^HEWWTI^MJMWGLI+IWXEP XYRKW[MWWIR ^Y IRX[MGOIPR YRH ^Y TV²JIR SF YRH MR[MI[IMX HMI IMKIRI +IWXEPXYRKW OSQTIXIR^EYWVIMGLXSHIVIV[IMXIVX[IVHIRQ²—XIYQHMIWI%YJKEFI^YFI[ÇPXMKIR MWXIMRI%YJKEFIHIVWMGLEPPI%OXIYVIMR:IVÇRHIVYRKWTVS^IWWIRYRHEPPI&IXIMPMKXIRMR 5YEPMJM^MIVYRKWQE—RELQIRJ²V4VS^I—KIWXEPXIVWXIPPIRQ²WWIR(E^YFMIXIRHMI4VSHYO XIy4LEWIRQSHIPPlYRHy'YVVMGYPYQlHIW4VSNIOXIW4VS+6IWIMRI ,MPJIWXIPPYRK MRHIQ +IWXEPXYRKW[MWWIREYWKI[MIWIRYRHHEVEYJFEWMIVIRHIMR6ISVKERMWEXMSRWOSR^ITXWS[MI IMR5YEPMJM^MIVYRKWTVSKVEQQIRX[MGOIPX[MVH

)WWXIPPXWMGLEPW&EPERGIEOXHEVZIVWGLMIHIRIR0IMXFMPHIVRKIKIR²FIVSJJIR^YWIMRYRH WMI MR HEW +IWXEPXYRKW[MWWIR MRXIKVMIVIR ^Y [SPPIR YRH KPIMGL^IMXMK IMR 1SHIPP IRX [MGOIPR^Y[SPPIRHEW EYJ &EWMW HIV FMWLIVMKIR 4VSNIOXEVFIMX IMR IVJSPKZIVWTVIGLIRHIW :SVKILIRFIM:IVÇRHIVYRKWTVS^IWWIRHEVWXIPPX

;IWIRXPMGLYRHZIVEPPKIQIMRIVFEVMWXREGLÍFIV^IYKYRKHIW4VSNIOXIWIMRI:SVKILIRW [IMWIHMIWMGLERIMRIQ4LEWIRQSHIPPEYWVMGLXIXHEW:IVÇRHIVYRKEPW

• KITPERXIR

• QMXEPPIRZIVERX[SVXPMGLIRYRHFIXIMPMKXIR%OXIYVIREFKIWXMQQXIR

• HYVGLFI[Y—XIWYRHOSRXMRYMIVPMGLVIJPIOXMIVXIW(IROIRYRH,ERHIPR 4VS^I—ZIVWXILXHIV

• EYW6IKIPOVIMWIRYRH0IVRWGLPIMJIRFIWXILX

YRHHEHYVGLHIR%RJSVHIVYRKIRYRH^YKPIMGLPIMXIRHIR+IWXEPXYRKWTVÇQMWWIR4EVXM^M TEXMSR/SQQYRMOEXMSRYRHREGLLEPXMKI)VKIFRMWWIKIVIGLX[MVH

(8)

(EW7X+EPPIV1SHIPP

%PW ILIV TVEOXMWGLIV 3)%RWEX^ YRXIVWX²X^X HEW y7X +EPPIV 1SHIPPl EPW O]FIVRIXMWGLI

&IWGLVIMFYRKIMRIV3VKERMWEXMSRHYVGL6IKIPSHIV0IVROVIMWIQMXHIRIRXWTVIGLIRHIR )RXWGLIMHYRKWIFIRIR HMIWIW 3VKERMWEXMSRWZIVWXÇRHRMW WS[MI HEW :IVWXÇRHRMW ZSR :IV ÇRHIVYRKIRYRH)RX[MGOPYRKIR

y(IV&IKVMJJHIV9RXIVRILQIRWIRX[MGOPYRKWXIPPXEYJIMR^IMXFI^SKIRIW 4LÇRSQIREFHMI)ZSPYXMSRIMRIW¸OSRSQMWGLSVMIRXMIVXIRWS^MEPIR7]

WXIQW MQ 7TERRYRKWJIPH ZSR *SVHIVYRKIR YRH 1¸KPMGLOIMXIR J²V HMI 9Q YRH -R[IPX %YWWGLPEKKIFIRH J²V HMIWI )ZSPYXMSR MWX HMI 7XMJXYRK IMRIW1ILV2YX^IRWVIPEXMZ^YQ%RKIFSXZIVKPIMGLFEVIVERHIVIV;IXX FI[IVFW7]WXIQIHYVGLHMI&VIMXWXIPPYRKYRH-RERWTVYGLRELQIWXVEXI KMWGLIV)VJSPKWTSXIRXMEPIl

)W[IVHIREYWHIQy7X+EPPIV1EREKIQIRXOSR^ITXlHMIHVIMYRXIVWGLMIHPMGLIR)FI RIRHIV3VKERMWEXMSRWIRX[MGOPYRK

• RSVQEXMZI,ERHPYRKWIFIRI

YQJE—X9RXIVRILQYRKWZIVJEWWYRK9RXIVRILQIRWTSPMXMOYRH9RXIVRILQIRWOYPXYV

• WXVEXIKMWGLI,ERHPYRKWIFIRI

3VKERMWEXMSRWWXVYOXYVIR1EREKIQIRXW]WXIQI4VSKVEQQIYRH4VSFPIQZIVLEPXIR YRHHMI

• STIVEXMZI,ERHPYRKWIFIRI

3VKERMWEXSVMWGLI4VS^IWWI%YJXVÇKI0IMWXYRKWYRH/SSTIVEXMSRWZIVLEPXIR

J²V 6ISVKERMWEXMSRWTVS^IWWI ²FIVRSQQIR YQ 6ISVKERMWEXMSRWTSXIRXMEPI FIHEVJI XLIQIRYRH6ISVKERMWEXMSRWTVS^IWWIIMRSVHRIRYRHZIVWXILIR^YO¸RRIR

3

&PIMGLIV/RYX(EW/SR^ITX-RXIKVMIVXIW1EREKIQIRXMR7X+EPPIRIV1EREKIQIRX/SR^ITX&ERH'EQTYW:IVPEK*VERO JYVX2I[=SVO7

&PIMGLIV/RYX(EW/SR^ITX-RXIKVMIVXIW1EREKIQIRXMR7X+EPPIRIV1EREKIQIRX/SR^ITX&ERH'EQTYW:IVPEK*VERO JYVX2I[=SVO7JJWMILIEYGL4IVMGL6SFIVX9RXIVRILQIRWH]REQMO>YV)RX[MGOPYRKWJÇLMKOIMXZSR3VKERMWEXMSRIR EYW^IMXPMGLH]REQMWGLIV7MGLX7X+EPPIV&IMXVÇKI^YQMRXIKMIVXIR1EREKIQIRX&ERH7X+EPPIRWJJ

(9)

&MPH-RLEPXIHIWMRXIKVMIVXI1EREKIQIRXWREGL/RYX&PIMGLIV

(MI>MIPIHMIWIW%RWEX^IWREGLHIQ7X+EPPIV1EREKIQIRX/SR^ITXWMRH )MRIHMQIRWMSREPI3VHRYRKZSR)RXWGLIMHYRKWTVSFPIQIRYRH6ISVKERMWE XMSRWMRLEPXIR

(MI&IVIMXWXIPPYRKIMRIWTVSFPIQFI^SKIRIR3VHRYRKWVELQIRWJ²V6ISVKE RMWEXMSRWMRLEPXI

)MRI3VMIRXMIVYRKWLMPJI^YVMRXIKVEXMZIRYRHKER^LIMXPMGLIR+IWXEPXYRKZSR 6ISVKERMWEXMSRWTVS^IWWIR

)MRI :IVHIYXPMGLYRK HIV MRXIKVEXMZIR >YWEQQIRLÇRKI ^YV &I[Y—XQE GLYRKHIV8EXWEGLIHE—IKEPMR[IPGLIQ&IVIMGLIMRI6ISVKERMWEXMSRER KIWXVIFXMWXHYVGLHMIZIVXMOEPIYRHLSVM^SRXEPI-RXIKVEXMSRPIX^XPMGLEPPI&I VIMGLIYRH,ERHPYRKWIFIRIRFIXVSJJIRYRHIMRFI^SKIR[IVHIR

9RXIVRILQIRW TSPMXMO 1MWWMSRIR

9RXIVRILQIRW /YPXYV 9RXIVRILQIRW

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2SVQEXMZI,ERHPYRKWIFIRI

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(10)

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(11)

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(12)

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(13)

>MIPKVYTTI

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(14)

(EW)RHTVSHYOX

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(15)

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(16)

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(18)

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(21)

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(22)

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(23)

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(24)

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(25)

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(26)

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(IVMRXIVRI4VS^I—KIWXEPXIV[MVHIFIRJEPPWHMIWIW7GLP²WWIPIPIQIRXHIV4VÇWIR^EQMRXIV RIR1EVOXFIV²GOWMGLXMKIRQ²WWIRYQIRXWTVIGLIRHWIMRIQMRXIVRHIJMRMIVXIR%YJXVEK HYVGL WIMRIR %YJXVEKKIFIV :SVKIWIX^XIR MRRIVFIXVMIFPMGLI -RXIVIWWIRXIR Q¸KPMGLI yMRXIVRI%YJXVEKKIFIVl^YKI[MRRIR(MIZIV[IRHIXIR-RWXVYQIRXI1EVOIXMRKQIXLS HIRYRHHIV%YJ[ERHWMRHMQ:IVLÇPXRMW^YI\XIVRIR4VS^I—KIWXEPXIVRNIHSGLWMGLIVPMGL VIHY^MIVX

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2EGL HMIWIV IVWXIR /SRXEOXEYJRELQI XVMXX HIV 4VS^I—KIWXEPXIV QMX HIR %YJXVEKKIFIVR SHIV-RXIVIWWIRXIRMRIMRI-RXIVEOXMSRQMXHIR>MIPWIX^YRKIR

• )VOIRRIR YRH /SROVIXMWMIVIR HIW 6ISVKERMWEXMSRWFIHEVJIW MR 3VMIRXMIVYRKW[SVO WLSTW

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• 8VIJJIR IMRIV MRHMZMHYIPPIR :SV)RXWGLIMHYRK ZSR %YJXVEKKIFIV YRH 4VS^I—KIWXEP XIVSFWMI^YWEQQIREVFIMXIR[SPPIR(IV4VS^I—KIWXEPXIVIRXWGLIMHIXHEFIMERLERH HIV%OXIRPEKIHIVIVWXIR*SVQYPMIVYRKHIW>MIPWYRHHIV/SROVIXMWMIVYRKHIW6ISV KERMWEXMSRWFIHEVJIW SF IV HMIWIR Q¸KPMGLIR %YJXVEK ERRILQIR YRH HYVGLJ²LVIR OERRYRH[MPP

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/SRXVEOXTLEWI

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)VWXIPPYRK IMRIW %RJSVHIVYRKWOEXEPSKIW SHIV 0EWXIRLIJXIW ²FIV HMI HYVGL^YJ²LVIR HIR6ISVKERMWEXMSRWTVS^IWWI

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%YGLySJJIRI4VS^IWWIlSHIVyVSPPMIVIRHIlWMGLMQ4VS^I—IRX[MGOIPRHIYRHZIVÇRHIV FEVI>MIPIO¸RRIREPW%YJKEFIOSROVIXMWMIVXJSVQYPMIVXYRHMRIMRIQZSPPWXÇRHMKIR%YJ XVEKZIVIMRFEVXYRHHSOYQIRXMIVX[IVHIR

(28)

&IWSRHIVW[MGLXMKMWXHMI/PÇVYRKHIV6SPPIR^[MWGLIRHIQ%YJXVEKKIFIVYRHHIQ4VS

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• 6IKIPYRKHIV/SQQYRMOEXMSRYRH-RJSVQEXMSR²FIVHIR6ISVKERMWEXMSRWTVS^I—

• /SWXIR

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*²VMRXIVRI4VS^I—KIWXEPXIVIVWGLIMRXEYJHIRIVWXIR&PMGOHMIWIV7GLVMXXRMGLXRSX[IRHMK HE IMR OPEVIV %YJXVEK ERHIR 4VS^I—KIWXEPXIV HYVGL HIR :SVKIWIX^XIR MQ 6ELQIR HIV 8ÇXMKOIMXWFIWGLVIMFYRKYRHHIW&IWGLÇJXMKYRKWZIVXVEKIWI\MWXMIVX(EMQ6ELQIRIMRIW NIHIRWTI^MJMWGLIR6ISVKERMWEXMSRWTVS^IWWIWNIHSGLHEWNI[IMPMKI>MIPWILVHI^MHMIVXFI XVEGLXIX YRH FIV²GOWMGLXMKX [IVHIR QY— IVWGLIMRX IW YRXIV HIV &IV²GOWMGLXMKYRK HIV FIWSRHIVIR /SRWXIPPEXMSR HIV %OXIYVI RSX[IRHMK ²FIV IMRI OPEVI *SVQYPMIVYRK IMRIW

%YJXVEKIW IMRI %YWKERKWFEWMW J²V 8VERWTEVIR^ YRH HEQMX EYGL HMI 1¸KPMGLOIMX ^YV 2EGLZSPP^MILFEVOIMXYRH1I—FEVOIMX^YWGLEJJIR

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4LEWIHIV(YVGLJ²LVYRKHIW6ISVKERMWEXMSRWTVS^IWWIW

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(IV 6ISVKERMWEXMSRWTVS^I— WSPPXI OSRWIUYIRX IRXWTVIGLIRH HIV HIJMRMIVXIR 4VSNIOXTPE RYRKHYVGLKIJ²LVX[IVHIR(EFIMWSPPXIHIV4VS^I—KIWXEPXIVHEVEYJEGLXIRHE—HIVKI WEQXI +IWXEPXYRKWTVS^I— XVERWTEVIRX YRH REGLZSPP^MILFEV KIWXEPXIX YRH HYVGLKIJ²LVX [MVH )FIRJEPPW Q²WWIR 1¸KPMGLOIMXIR YRH 6IWWSYVGIR ^YV 6IJPI\MSR YRH %YW[IVXYRK MQTPIQIRXMIVXYRHFIVIMXKIWXIPPXI[IVHIR,MIVFIKMRRXHMIÍFIVWGLRIMHYRKQMXHIQ 7GLP²WWIPIPIQIRXHLHIVTIVQERIRXIR)ZEPYEXMSR²FIVHIR6ISVKERMWEXMSRWTVS^I—

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EYJXVIXIRHI7X¸VYRKIRXEXWÇGLPMGLEPWWSPGLI^YIVOIRRIRYQEOXMZI,ERHPYRKIRSHIV /SVVIOXYVIR IMRPIMXIR ^Y O¸RRIR )W MWX HMI %YJKEFI YRH 6SPPI HIW 4VS^I—KIWXEPXIVW RSX[IRHMKI1E—RELQIREF^YPIMXIRYRHKKJ²FIVHMIZIVERX[SVXPMGLIR*²LVYRKWOVÇJXI HMIWIIMR^YPIMXIRYQWIMRKIKIFIRIW0IMWXYRKWZIVWTVIGLIRIMRLEPXIR^YO¸RRIR

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YRXIVWX²X^XYRHIVQ¸KPMGLX

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4LEWIHIV2EGLFIXVIYYRK%YW[IVXYRK7XEFMPMWMIVYRK8VERWJIV YRH/YRHIRTJPIKI

-RHMIWIV2EGLFIXVIYYRKWTLEWIWMRHEPPI7GLP²WWIPIPIQIRXI^YWEQQIRKIJE—XHMI

• REGL HIQ )RHI HIV 4LEWI y(YVGLJ²LVYRK HIV 4VS^I—KIWXEPXYRKl MQ 7MRRI IMRIV REGLLEPXMKIRYRHPERKJVMWXMKIR7MGLIVYRKHIV)VKIFRMWWIIVFVEGLX[IVHIRWSPPXIR

• HIR +IWXEPXYRKWTVS^I— EREP]WMIVIR YRH MQ 7MRRI IMRIW 0IVRTVS^IWWIW EYJEVFIMXIR PEWWIR

• ^Y IMRIV 7XIMKIVYRK HIV 1SXMZEXMSR J²V IMRIR [IMXIVJ²LVIRHIR SHIV RIYIR +IWXEP XYRKWTVS^I—J²LVIRO¸RRIR

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%PPI KIRERRXIR %OXMZMXÇXIR MR HMIWIV 4LEWI LEFIR KPIMGLFIVIGLXMKX MLVI +²PXMKOIMX YRH

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