• Nenhum resultado encontrado

Evolução de Hominídeos: uma perspectiva atualizada a respeito do Homo floresiensis

N/A
N/A
Protected

Academic year: 2017

Share "Evolução de Hominídeos: uma perspectiva atualizada a respeito do Homo floresiensis"

Copied!
52
0
0

Texto

(1)

#"$

(2)

/- 3

(!$*%( 1

(" %%$"+)6%+()%&()$*%

%$)*!*+*% !%!8$!) $!,()!

)*+"+"!)* :9"!% )'+!*!" %;

4#&+)!%"(%&(%*$76%%(+

("!$!%

(3)

Tichauer, Alessandro

Evolução de Hominídeos : uma perspectiva atualizada a respeito do Homo floresiensis / Alessandro Tichauer. - Rio Claro : [s.n.], 2009 49 f. : il., figs., mapas

Trabalho de conclusão de curso (Licenciatura e Bacharelado -Ciências Biológicas) - Universidade Estadual Paulista, Instituto de Biociências de Rio Claro

Orientador: Hércules Menezes

1. Antropologia. 2. Homo floresiensis. 3. Paleoantropologia. 4. Evolução. 5. Hominídeos. 6. Ilha de Flores. I. Título.

572 T555e

(4)

(5)

:;,,:7(I6 5G6:,9D+,:;05(+67(9(+0:*699,9(7,5(::6)9,6:8<,4, (<>030(9(4 56+,:,5=63=04,5;6+,:;(9,=0:G669:,9*/(4(+6+, W#9()(3/6+, 65*3<:G6 +, <9:6X 09,0 4,5*065(9 (8<0 6: 8<, -0?,9(4 7(9;, +,:;,: *05*6 4(.5M-0*6: (56: +( 405/( =0+( (9( ;(5;6 5G6 76+,90( +,0>(9 +, (.9(+,*,9 7904,09(4,5;,(6:4,<:7(0:030(5,!,5(;6(::04*646405/(094G(905(769 4,(760(9,4,4,,:;04<3(9,4,4405/(+,*0:G6+,4,;695(9)0P36.6+,:+,6 05M*06+(:,4,5;,+,:;(0+K0(69(*9,+0;(9,4:,479,,44044,(<>030(9,4,4 464,5;6: +, ;,5:G6 , (;K +0-0*<3+(+, ,4 ;,476: +, *<9:05/6 , =,:;0)<3(9 05=,:;09,4,4405/(*(99,09(,769-04 =0()030?(9(4405/(-694(IG6796-0::065(3 +,+0*6(,3,:,:;,#

.9(+,I6;(4)K4(64,<690,5;(+69696-9K9*<3,:,5,?,:8<,4, 6-,9,*,< .9(5+,:<769;,,(;,5IG6,:,468<(3 5G6:,90(76::M=,3(9,(30?(IG6 +,:;,;9()(3/665=,9:(:*64,3,4,()909(4(4,5;,7(9((*0L5*0(+,-694( ():63<;(4,5;,05:709(+69(

"G6+,-<5+(4,5;(304769;E5*0(,4405/(*65:;9<IG6(*(+L40*(64,<,> 690,5;(+69696-9!,05(3+66:K,9;0508<,-0?8<,:;G6+,8<,*647<:,::,( (5*(=(30(+69(,696-99(5*0:*6<*/4(556/0*64)6:,>7369(9(4 4,<05;,9,::,7,3(0:;P90((;<9(3,4,05*,5;0=(9(47(9(8<,4,,5=63=,::,5( D9,(+((3,65;636.0(

G676+,90(4-0*(9+,-69(K*3(966:4,<:(40.6: V,7698<,5G6094G6: V+, "G6 (<36 8<, /D ;(5;6: (56: 4, (*647(5/(4 ,4 405/(: 4(0: +0=,9:(: ,479,0;(+(:+(=0+(9,0*0;D36:,469+,4(3-()K;0*(7(9(5G6*(<:(9 0479,::G6+, -(=690;0:46(4,9.6(9(Q96#/0(.G6,&633,9

"6< .9(;6;(4)K4 BK)69(405/(,>5(469(+(8<,,4;,476:)65:, 9<05:,:;,=,(64,<3(+6+<9(5;,<4:0.50-0*(;0=67,9M6+6+(405/(.9(+<(IG6

(6)

-,:;(: */<99(:*6:,8<(38<,96<;96(:7,*;68<,,5=63=((=0+(<50=,9:0;D90(,4 <4(*(:(*64:,0:/64,5:)(.<5*,096:

2G6+,3056,(9*6305667904,096(+0=0+098<(9;6*640.6,:;0=,9(4 769 76<*6 ;,476 5( 9,7S)30*( +,:+, 405/( */,.(+( 4(: -60 <4( )6( *65=0=L5*0(

#967,I6 6 *(9( 8<, 1<5;6 *640.6 ;96*6< 6 +0( 7,3( 560;, 56 8<(9;6,:*90;P9064(0:-9,8T,5;(+6,+,:69.(50?(+6+(*(:()90.(+67,3(: 30IR,:+,7(*0L5*0(7,3(:90:(+(:(;K(3;(:/69(:,7,3(: +0=,9:(: *65=,9:(: (3.<4(: :K90(:6<;9(:+,:*65;9(M+(:

0(.<0<4*(9(4<0;6,:-69I(+6*647(5/,096+,*(-K8<,769:,94(0: *(3(+676+,7(::(9(-(3:(0479,::G6+,:,9:K906",-6::,5G6469(90(5( 4,:4(9,7S)30*(8<,6:6<;96:4(3<*6:@<4*(9()(:;(5;,.,5;,)6(

()90,3W6*6)9(X+(*(:(8<,)9((;K*676+,73D:;0*6:;,;(4)K4K 4<0;6)6( .,5;,$4 =,9+(+,096405,0968<,:(*(5,0(:699(;,09(4,5;,4(: :(),*65=,9:(9:K90656:464,5;6:(796790(+6:

(*(9K6<(*2 K6*(9(8<,;,4 <4+0(+, /69(:3K4+( -(*<3+(+, , ;9()(3/6 -(?0( (<3(: +, 05.3L: -9(5*L: ,:7(5/63 1(765L: 5(;(IG64<:*<3(IG6=06365*,36,(05+(;05/(;,4767(9((::0:;09:,<:(504,: , )(;,9 ;6+6:6: 9,*69+,: +6 <0;(9 ,96 @ <4( 7,::6( ,>;9,4(4,5;, 7,9:,=,9(5;,,79,:;(;0=(

'(>046 S3;046(,5;9(97(9(6:,3,;6 .9<76+6:)3,*(<;,E5<:@ <4( 7,::6(8<,+,:+,6 05M*064,(1<+6<)(:;(5;,*64*60:(: 04769;(5;,:+( 405/(=0+(<0;66)90.(+6%,3/6

(;(*((///:;, K 6,:;69=6 +(9,7S)30*( >469(+69,(;<(3 (.9,.(+6(0709(8<,;05/(*6467905*07(3(;0=0+(+,4,796=6*(9(;K4,=,9 5,9=6:6:<1,0;05/6K)6450::64(:K;(4)K4<4)64(40.6*648<,4 :,08<,76::6*65;(9

(50,3)(/6+6<;69(5+64(0:36<*68<,1D=0<+,(*647(5/D36,4 <4(:(M+((*(47665=,9:(46: =D90(:4(+9<.(+(::6)9,7,:8<0:(:4(: (:4(0:04769;(5;,:30IR,:8<,9,*,)0-69(4:6)9,*,9=,1(,*/<99(:*6

(7)

.9(+,I6( ;6+6: 6: 469(+69,: 8<,*65=0=,9(4*640.6 +<9(5;,6 +,:,5=63=04,5;6+,:;,;9()(3/676930+(9,4*644,<,:;9,::,4(</<469 ;,5:G6,;*,I6+,:*<37(:769(3<.(96:*647<;(+69,:7694(+9<.(+(:( -06,),),94(0:*(-K8<,;6+64<5+61<5;6

$4)905+,B9,7S)30*(W,8<,56::(:4<3/,9,:5<5*(-08<,4=0S=(:X <,44<0;(04769;E5*0(;,=,564,<#,(05+(;,45(405/(=0+(K (405/( 5(469(+((40.(, 05:,7(9D=,3*647(5/,09(P3(,:<(-03/05/( ()04,,5:05(9(4 04769;(5;,:30IR,:4)(:4,796769*065(49,-3,>R,: *65:;(5;,:(*,9*(+( =0+(8<,4,-(?,4:,9/61, <4/64,44<0;64(0: 4(+<96 ,8<,:,*65/,*,4<0;64(0:796-<5+(4,5;,<0;66)90.(+6769 *9<?(9,44,<*(405/6,,5;9(9,45(405/(=0+(

6365.6+,:;,:*05*6(56:-0?(3.<5:(40.6:,4!063(96(3K4+6:1D *0;(+6: 469(+69,: +( 3,*(<;, 8<, 79,;,5+6 3,=(9 7(9( ( =0+( 50*M6 ,:*9,=,5+6:6)9,6;9068<,:,(<;6+,564056< W6:#9(52,09(:X8<,;,=, /0:;P90(:8<, =6<4,3,4)9(9*64 <4:6990:6 5696:;63,,9(-694(+67,36 0479,=0:M=,3,7,5;,3/636:,$77,36(9;0:;(,8<,:;065(+69590,769404

<;9(:(40?(+,:4,4(9*(9(4*646 (W!X6:,5((96305( &(.5,9 %(5,::(<2(,6 ,4.,9(3

5-,30?4,5;,4,(796>04,0+,+<(:7,::6(:(7,5(:564,<S3;046(56 +(.9(+<(IG64(:8<,79,;,5+6,:;9,0;(94(0:6:3(I6:"G6,3,:6!6:*(,( (5.D : +60: :G6 ,>;9,4(4,5;, .,5;, )6( */6 8<, 4,< +,:;056 K 9,(34,5;,*65=0=,9*64690,5;(0:

,I6 +,:*<37(: 79K=0(: 769 ;,9 796=(=,34,5;, 4, ,:8<,*0+6 +, (3.<K4,+,0>664,< W4<0;66)90.(+6X(;6+6:8<,-0?,9(47(9;,+(405/( =0+( 5,:;,:*05*6(56::7,9676+,9*65;05<(9*65=0=,5+6*647,::6(:;G6 )(*(5(:8<(5;6=6*L:56-<;<96

646 6 ;K94056 +6 # 9,79,:,5;( 6 -04 +, <4( -(:, , *65:,8T,5;,4,5;,<4464,5;6+,+,*0:R,:7(9(-05(30?(99,796+<?09,0<4( 4,5:(.,430+(9,*,5;,4,5;,5630=96W#(6+(M:0*(X+,90;16-(79(

(8)

76::<0,::,*(405/6<4*69(IG64*(:6(-094(;0=66*(405/6 K)64(:6 *65;9D906 ,::, *(405/6 5G676::<0 04769;E5*0( (3.<4(X

(9)
(10)

;&'*!

53

."(!-$"')$*/+

$%'*'=A$.$-)'*+(+&'!.

+*/$1/0!('2!=<+

'/0!=<+&$-!(#+.->!0./-!(+,'/$"?*$+.

'/0!=<+&$-!(#+.0./-!(+,'/$"?*$+.

'/0!=<+&$-!(#+.

'/0!=<+&$-!(#+.

'/0!=<+&$-!(#+.

'/0!=<+&$-!(#+.

'/0!=<+&$-!(#+.

'/0!=<+&$-!(#+.

B C

7

3

(11)

64

f'>6:@>2:D^3G:@565:DE:?8F:C2?^D9F>2?@D52D>:=9`6D 56@FEC2D6DAZ4:6D?2,6CC2 Z@=92CA2C22D4@:D2DBF672K6>@D %6D>@ 2 >:=92C6D 56 BF:=_>6EC@D 56 5:DET?4:2 ?@DD2D 4C:2X`6D D6C:2>^3G:2DA2C2BF2=BF6C?2EFC2=:DE22=:6?\86?2BF6A2DD2DD6A6=@ ?@DD@ A=2?6E2 ?F> :?E6C6DEC6=2C @ 6?I2>6 56 D2EZ=:E6D 6DE2X`6D6DA24:2:D67C28>6?E@D56=:I@6DA24:2=@C3:E2?5@@A=2?6E2 @DD:?2:DBF656:I2>@D?2724652,6CC252C2?56%FC2=9252 9:?2Q4@?DE6=2XV@56 =FK6D52D4:5256D3C:=92?5@ ?2?@:E62 4@CC6?E656EC2?D>:DD`6D d 492>252DE6=67_?:42DAC@8C2>2D 56 56D6?9@D 2?:>25@D 6 @ C6DE@ 5@ 8C2?56 3FC3FC:?9@ 52D E6=64@>F?:42X`6D d :CC25:2?5@D6 A2C2 @ 6DA2X@g 1!%%*

A

&@6?E2?E@2A6D2C56E@52DF2E64?@=@8:2?V@9S?6?9F>25aG:5256 BF6@9@>6>2DD:>4@>@E@5@D@D56>2:DD6C6DG:G@D5@A=2?6E27@:86C25@ A@C F>AC@46DD@?2EFC2=56=@?8@AC2K@56?@>:?25@6G@=FXV@3:@=^8:42

&.+(!$P

@?EF5@?6>D6>AC6D6A6?D@F56DE27@C>2>5@:D2?@D 2?E6D562CH:?AF3=:42C f@C:86>52D6DAZ4:6Dg/2==2466?G:@F=96 F>2 42CE2A6C8F?E2?5@D6:C:25:D4FE:C2@C:86>529F>2?:52566>D6F=:GC@=6 C6DA@?56F fF A6?D@ BF656G@ 6G:E2C E@5@ 6DD6 E6>2 EV@ 46C425@ 56 AC64@?46:E@D6>3@C225>:E2A=6?2>6?E6BF6 Z@AC@3=6>2>2:D6=6G25@6

:?E6C6DD2?E6A2C2@?2EFC2=:DE2g1!%%* A

DE6E6>26G:E25@@FEC@C2A@C2CH:?D6CS5:D4FE:5@?6DE6EC232=9@ (2C2E2?E@Z?646DDSC:@E6C6>>6?E6BF6?2A2=6@2?EC@A@=@8:256D4@36CE2D A@56> >F:E2D G6K6D 2A6?2D C62=X2C @ BFV@ 6DA2CD@ Z @ C68:DEC@ 7^DD:= $/!& =Z>5:DD@2BF2?E:525656C64FCD@DBF6@DAC@7:DD:@?2:D 56DE2 SC62 E[> 6> >V@D A2C22 4=2DD:7:42XV@ 56 7^DD6:D Z @3G:2>6?E6 C65FK:52BF2?5@4@>A2C2524@>25@D?6@?E^=@8@D%&+(@C

6DE2D C2K`6D 2=8F>2D 56D4@36CE2D A@56> 2AC6D6?E2C 5:76C6?E6D

(12)

/#)".%#(*%+0,

A6D2C 56 @ E\EF=@ 5@ EC232=9@ C676C:CD6 2 @DD252 56 9@>:?\56@

6?4@?EC252?2!=9256=@C6D4@>@ f gEC2E2D62A6?2D56

F>2 ?@>6?4=2EFC2 5@ 7^DD:= 56 7@C>2 BF6 @ 2FE@C ?V@ G:D2 2AC6D6?E2C 4@?@E2X`6D2C6DA6:E@52:56?E:525656D6F@3;6E@566DEF5@C676C:52 E6>SE:42Z4@?EC@G6CD26256D4@36CE256E2:D7^DD6:DZ>F:E@C646?E6D6?5@ BF65:D4FDD`6D246C4256DF24=2DD:7:42XV@2:?5286C2>A@=[>:42(@CE2?E@ 27:>566G:E2C4@?4=FD`6DAC64:A:E252D6DE2C6G:DV@?V@@3;6E:G23FD42C C6DA@DE2D567:?:E:G2DBF2?E@Q4@?7:8FC2XV@@F?V@5@DFC8:>6?E@56 F>2

?@G2 6DAZ4:6 +6?5@ 2DD:> @ ?@>6 f g D6CS D6>AC6

4@=@425@6?EC62DA2D

%&(+(=A%/%.*(+,),'("/

(2C2BF6D64@>AC66?5226G@=FXV@5@D9@>:?\56@DZ?646DDSC:@@ 4@?964:>6?E@52@C56>5@DAC:>2E2D36>4@>@56DF2DDF35:G:D`6D:8FC2

(C:>2E6D5@=2E:> AC:>6:C@D Z2@C56>7@C>252A@C

5F2D DF3@C56?D (C@D:>:: AC@DD\>:@D 6 ?E9C@A@:562 2?EC@A^:56D

$$ ('- "&!+ !+* +F2D 42C24E6C\DE:42D

D6CV@2AC6D6?E252D?2AS8:?2

(C@D:>::5@8C68@ 2?E6D65@=2E:> D\>:@DV@@D

AC:>6:C@DAC:>2E2DG6C5256:C@D@FFAC:>2E6D5@8C68@3@>,C2E2D6

56 F> 8CFA@ A2C27:=ZE:4@ 4@>A@DE@ A@C EC[D :?7C2@C56?D $6>FC:7@C>6D

$@C:D:7@C>6D6,2CD::7@C>6D.&$$('- "&!+

!+* &.+(!$P

?E9C@A@:5625@8C68@ 9@>6>DV@D6A2C25@D?2D

:?7C2@C56?D(=2EJCC9:?: 62E2CC9:?: **!+'& 6E 2= $$

$/!&('- "&!+ !+* &.+(!$P

(=2EJCC9:?: 5@ 8C68@ 2>A=@ @F63^:56D 5@8C68@

>2424@DV@@D>2424@D5@&@G@ %F?5@4@>D6FD?2C:K6D2>A=@D

(13)

2E2CC9:?:5@8C68@ G@=E25@A2C232:I@DV@4@>A@DE@D

A6=2DDFA6C72>\=:2D6C4@A:E964@:5626 @>:?@:562$/!&('-

"&!+ !+* &.+(!$P

6C4@A:E964@:5625@8C68@ 42F526 D\>:@

DV@@D%2424@D5@.6=9@%F?5@('- "&!+ !+* DE6D

A@DDF6> 2A6?2D F>2 72>\=:2 @D 6C4@A:E964:526 5:G:5:5@D 6> 5F2D

DF372>\=:2D 6C4@A:E964:?26 6 @=@3:?26 $/!& &.+ (!$P

@>:?@:562 5@ =2E:> 9@>6> DV@ @D D\>:@D

AC@AC:2>6?E65:E@D@FD:>A=6D>6?E69@>:?^:56DO@4=25@ 7@C>25@A6=2D 72>\=:2D J=@32E:526 DF372>\=:2 J=@32E:?26 5@D 8:3`6D 6 D:2>2?8D (@?8:526 DF372>\=:2 (@?8:?26 5@D @C2?8@E2?8@D 6 72>\=:2 @>:?:526 DF72>\=:2D8@C:=\?625@49:>A2?KZ68@C:=269@>:?\?625@D9F>2?@D6

D6FD2?46DEC2:D6IE:?E@D4@>@ $/!& ('-

"&!+ !+* -& &.+(!$P

@>:?\56@ Z F> E6C>@ EC25:4:@?2=>6?E6 C6D6CG25@ A2C2

9F>2?@D6AC@E@9F>2?@D@FD6;22DF372>\=29@>:?\?62-&

&.+(!$P

:8FC2d(C:?4:A2:D8CFA@D52@C56>5@DAC:>2E2D

@?E6 &.+/(!$P$ A %@5:7:425@A6=@2FE@C

,+0%201")(3"=<,

(14)

(6C\@5@A6C>2?64:2>A6BF6?@D636>>6?@DC6AC6D6?E2E:G@D4@>@;S@

7@C2>A@CE@5@,C:SDD:4@ >26"FCSDD:4@ >2'7:?2=

56DE6(6C\@5@>:=9`6D562?@D2ECSD7@:>2C425@A@C F>76?_>6?@ 3:@=^8:4@C64@CC6?E6 F>2 6IE:?XV@6>>2DD2&@6?E2?E@2A6D2C56E2= 6G6?E@EC2E2CD65@>2:D72>@D@56E@5@D@DE6>A@D6DE67@:C6=2E:G2>6?E6

A6BF6?@6>E6C>@D566DAZ4:6D6IE:?E2D $%*,&!+ /0+

('- "&!+ !+* >3@C2 92;2 4@?EC@GZCD:2D 6 5:G6CD2D

9:A^E6D6D2C6DA6:E@6G:5[?4:2D:?5:42>BF6 F>4@>6E2@F2DE6C^:56D6 49@42C24@?EC22,6CC2=Z>56AC@G@42C8C2?56D:?4[?5:@D@:>A24E@E6C:2 =2?X25@ 2@ 2=E@ A@6:C2 DF7:4:6?E6 A2C2 3=@BF62C 2 =FK D@=2C A@C 2?@D :>A65:?5@27@E@DD\?E6D66=6G2?5@2?:>2:DQ6IE:?XV@$%*,&!+

/0+ ('- "&!+ !+* 'FEC@D 52?@D2>3:6?E2:D

A@56>E6CD68F:5@@:>A24E@4@>@26=6G2XV@52D@?52D>2C:?92D2A^D@ :>A24E@ BF6 7@C2> =2?X252D QD AC2:2D 6 56DECF\C2> 5:G6CD@D

4@DE6:C@D$%*,&!+ /0+

>3@C22>2:@CA2CE65@DA6DBF:D25@C6D24C65:E6?@:>A24E@@FEC@D A2=6@?E^=@8@D2C8F>6?E2>BF6E2:D6IE:?X`6D7@C2>8C25F2:D6?V@23CFAE2D E6?5@D:5@:?:4:252D>:=9`6D562?@D2?E6D5@7:>5@C6ES46@('-

"&!+ !+*

A^D2@4@CC[?4:25@6G6?E@DFAC2>6?4:@?25@E6G6:?\4:@2OA@42 D68F:?E656?@>:?252(2=6@46?@>2?2 BF2=?V@92G:2>F:E@D 8C2?56D2?:>2:DG:G6?5@?@D4@?E:?6?E6D$@8@@>F?5@4@>6X@F2D6C C6A@G@25@A@CA6BF6?@D>2>\76C@DD@3C6G:G6?E6D526IE:?XV@5@C6ES46@ ?BF2?E@6DE6DCZAE6:D6?EC2G2>6>D6F>@?F>6?E2=564=\?:@A6BF6?2D 4C:2EFC2D 2C3@C\4@=2D 5:G6CD:7:42C2>D6 6 6G@=F\C2> 86C2?5@ :?4=FD:G6 @D

AC:>6:C@DAC:>2E2D **!+'& 6E 2= $%*, &!+ /0+

(15)

D6C6>:?:4:2=>6?E64@?D:56C25@D4@>@G6C5256:C@DAC:>2E2DAC:>:E:G@D@D >FD2C2?9@D2C3@C\4@=2DDV@9@;6:56?E:7:425@D4@>@A2C6?E6DAC^I:>@D>2D A@D:4:@?25@D6>DF2AC^AC:2@C56>+42?56?E:2,@52G:22:?52@76C646>F> 3@>>@56=@G:G6?E6A2C2@6DE@BF632D2=56?@DD2=:?9286>

46:E2D69@;6BF62@C56>5@DAC:>2E2DG6C5256:C@D AC@=:76C@FD6 2AC@I:>252>6?E6?@D >:=9`6D562?@DD68F:?E6D2@D6FDFC8:>6?E@2 A2CE:C566DAZ4:6D>2:D32D2:DAC@5FK:?5@6I6>A=2C6D56A6BF6?@D2?:>2:D ?@EFC?@D2C3@C\4@=2D6:?D6E\G@C@DA^DGSC:@D>:=[?:@D56AC652XV@56 :?D6E@D56G:5@Q2XV@52D6=6XV@?2EFC2=@DAC:>2E2D7@C2>5@E25@D56 565@DSG:5@D4@>F?92D?2DA@?E2D6>=F82C52DA2E2D4@>82CC2D64@> @=9@D7C@?E2:D?@=F82C5@D=2E6C2:DFC2?E6E@5@6DD6E6>A@?@G2D6DAZ4:6D 56AC:>2E2DD6E@C?2G2>4252G6K>2:@C6D@BF67C6BF6?E6>6?E624@?E646 BF2?5@ F>272>\=:26DESD66IA2?5:?5@?F>2>3:6?E66G@=FE:G@72G@CSG6=

$%*,&!+ /0+ >2:@C:25@DAC@DD\>:@D5@@46?@6C2

>2:@CBF6@DA=6D:252A:7@C>6D4@>4ZC63C@D>2:@C6D64@>42C24E6C\DE:42D >@C7@=^8:42D 2C3@C\4@=2D >2:D @3G:2>6?E6 6DA64:2=:K252D E2:D 4@>@ >6>3C@D>2:D=@?8@D66D36=E@D('- "&!+ !+*

%F:E2D56DE2D6DAZ4:6D2=E6C2C2>D6FD9S3:E@D?@EFC?@DA2C25:FC?@D A@C42FD256:?a>6C2DG2?E286?DACSE:42D56D66?I6C82C6>4@C6D6?V@ 6>>@?@4C@>@2=8F?D5@DAC@DD\>:@D5:FC?@D56D6?G@=G6C2> F>D:DE6>2 ?6CG@D@BF6@DA@DD:3:=:E2DD6G:DF2=:K2XV@5@>F?5@4C@>SE:4@2@D6FC65@C

6DD27@C>246C4256 >:=9`6D562?@D2ECSD;SDFC8:C2>6DECFEFC2D BF628@C2DV@568C2?56:>A@CET?4:2A2C2?^D4@>@D6C6D9F>2?@D d>V@D A2C22AC66?DV@G:DV@6DE6C6@D4^A:42642A24:525656G6C6>4@C6D@FD6;2

F>2DZC:656C64FCD@D3:@=^8:4@DD:>A=:7:425@D6252AESG6:D7@:4@?D6CG252

$%*,&!+ /0+ %'**!+

(16)

56 >V@ A2C2 >V@ DFDA6?D@D 6?EC6 @D C2>@D 6?BF2?E@ @D AC@DD\>:@D D:>A=6D>6?E6D6282CC2G2>@FD2=E2G2>('- "&!+ !+*

%'**!+

?EC6E2?E@22D46?5[?4:25@D>2424@D?V@6DE2G256DE:?25225FC2C >F:E@E6>A@A@:D9S46C4256 >:=9`6D562?@DDFC8:C2>@DD\>:@D AC@8[?:65@C2>@5@D>2424@D%2:@C6D5@BF6@D>2424@D@D5:G6CD@D E:A@D562?EC@A^:56DBF66G@=F\C2>6IA=@C2C2>F>2DZC:656@A@CEF?:5256D 64@=^8:42D 2=8F?D 7:42?5@ 56A6?5FC25@D ?@D 82=9@D A@C EC[D >6>3C@D 2A2?92?5@ 56DD2 7@C>2 7CFE@D :?246DD\G6:D 4@> @ BF2CE@ @ BF6 D6C:2 :>A@DD\G6=56@FEC@>@5@6?BF2?E@@FEC@DD62G6?EFC2G2>56G@=E2A2C22

E6CC27:C>6$#0$/!&

->:>A@CE2?E66DEF5@!$$'2AF5'$0AC@A`6BF6

2>2?6:C25656D=@42CD66>SCG@C6D5@DAC:>2E2D2?46DEC2:D6IA=:4227@C>2 56=@4@>@XV@>2:DC646?E6D5:76C6?X2D?@4@>A@CE2>6?E@=@4@>@E@C5@D AC:>2E2DE6CC6DEC6DA@56>?V@E6CD:5@2A6?2D:?7=F6?4:252DA6=@2>3:6?E6 D6=6E:G@>2DE2>3Z>A@CDF296C2?X26G@=FE:G2

+6?5@ 2DD:> 2=Z> 5@ E2>2?9@ 4@CA@C2= 5@ AC:>2E2 2 7@C>2 56 @3E6?XV@562=:>6?E@56D6FD2?46DEC2:D2C3@C\4@=2D d56D=@42?5@D6A@C 4:>2@FA@C32:I@5682=9@ A@56E6CD:5@6DD6?4:2=?2EC2?D:XV@@F?V@ A2C2E6CC6DEC:2=:525636>4@>@?2DF27@C>256=@4@>@XV@E2?E@6>E6CC2 BF2?E@6>SCG@C6D

>E6C>@D56AC@A@CX`6D6>@C7@=@8:25@D>6>3C@D@D @>:?@:562 56E2>2?9@>Z5:@5@%:@46?@DV@D6>6=92?E6D2@DBF6D62=:>6?E2>?2 A2CE65632:I@5@82=9@

'D6C4@A:E964@:5622?46DEC2:D6C2>5@E:A@BF6D62=:>6?E2G2>?2

A2CE6 564:>2 5@D 82=9@D (@CE2?E@ BF2?5@@4@CC6F 252AE2XV@Q G:52

E6CC6DEC6 6DE6D ?V@ A@DDF\2> ACZC6BF:D:E@D A2C2 @ 56D6?G@=G:>6?E@ 5@ 3:A65:D>@

6DE2 7@C>2 @D BF6 D6 2=:>6?E2G2> ?2 A2CE6 56 4:>2 5@ 82=9@ @C:8:?2C2>2D7@C>2DAC:>:E:G2D5@BF25CFA65:D>@ fE:A@>2424@g6?BF2?E@ BF6A2C2@DBF6D62=:>6?E2G2>6>32:I@5@82=9@2@AXV@3\A6567@: 4@>A=6E252

(17)

7@: 2 D6>:3C2BF:2XV@ ?^5F=@D 5@D 565@D 52D >V@D @F D6;2 =96D 6C2 A@DD\G6=>@G:>6?E@E6CC6DEC662=:>6?E2XV@?2DSCG@C6D

'D 9@>:?\?6@D 7@C2> @D a?:4@D 2 D2E:D72K6C 2D AC64@?5:X`6D 56 3:A65:D>@ 4@>A=6E@ 6 4@>@ C6DF=E25@ DF3>6E6C2>D6 2 72G@C 52

E6CC6DEC:2=:5256A=6?2'$0

+@>25@2:DD@ F>6DEF5@6?G@=G6?5@>2:D565FK6?E2D9@C2D56 @3D6CG2XV@5649:>A2?KZD?2?2EFC6K26G:56?4:@FBF6>F:E@D56=6D25@E2> 2A@DEFC23\A656D@3C682=9@D>2:D8C@DD@D4@>@ F>>@5@562=42?X2C 7CFE@DBF656@FEC2>2?6:C2?V@D6C:2>246DD\G6:D&6DE6EC232=9@ZDF86C:5@ BF623:A65:2E6?92D:5@7:I252@C:8:?2=>6?E64@>@252AE2XV@A@DEFC2=6?V@ =@4@>@E@C2%2:DE2C56;S7:I2524@>@252AE2XV@A@DEFC2=23:A65:27@: 4@@AE252A2C22=@4@>@XV@?@49V@76?_>6?@6DD656?@>:?25@6>E6@C:2

6G@=FE:G2566I2AE2XV@ +,&'*

@=@?8@5@'=:8@46?@>26%:@46?@>2

>2424@D68C2?56DD\>:@DDF3DE:EF\C2>@DAC:>2E2DAC:>:E:G@D$%*,

&!+ /0+ '4@?E:?6?E6 DF=2>6C:42?@BF6 6C242CC6825@2

@6DE62@=@?8@5@BF6 D6C:2@'462?@E=T?E:4@;SA@DDF\2F>2A@AF=2XV@ 56AC:>2E2D6>56D6?G@=G:>6?E@@D492>25@D f>2424@D5@&@G@%F?5@g

,@52G:2;2>2:D2A2C646C2 F>2?EC@A^:56?2E:G@$#0$/!&

EF2=>6?E6@D>2424@D5@&@G@%F?5@4@>AC66?56>2D6DAZ4:6DBF6 G:G6>6I4=FD:G2>6?E6?2D7=@C6DE2DEC@A:42:D52D>ZC:42D5@+F=66?EC2=

$$@?EF5@@EC@?4@2>6C:42?@?@DAC:>2E2D?F?422E:?8:F2

72D6 56 D\>:@ %'**!+ ' %:@46?@ 7@: 2 !5256 5@ ?EC@A^:56

@>A2C2?5@4@>@D5:2D569@;6BF2?5@@D2?EC@A^:56D27C:42?@D6DEV@ 4@?7:?25@DD@>6?E62 F>AF?925@56 @D2?46DEC2:D>:@4[?:4@D

AC2E:42>6?E66C2>@DAC@AC:6ESC:@D5@=F82C?V@D@>6?E692G:2 F>8C2?56 ?a>6C@ 56 :?5:G\5F@D 4@>@ E2>3Z> >F:E2D 6DAZ4:6D 5:76C6?E6D =6D 6IA=@C2G2>@D>2:D5:G6CD@D?:49@DBF62D7=@C6DE2D6>2E2D236CE2DE:?92>

2=96D@76C646C$#0$/!&

(18)

2=2C>2?E6D56BF6 52D A6DD@2D A6?D2G2> BF6 @D9F>2?@D7@C2>

4@?E6>A@CT?6@D5@D5:?@DD2FC@D'$0

' DFC8:F2A6?2D5FC2?E6@(=6:DE@46?@ >2

9S2AC@I:>252>6?E6 >:=2?@D$%*,&!+ /0+

&@DD2 6DAZ4:6 Z 4=2DD:7:4252 ?2@C56> 5@D AC:>2E2D DE2@C56> 2AC6D6?E242C24E6C\DE:42D4@>F?D2@8CFA@4@>@4:?4@5\8:E@D?2D>V@D6 AZDA@=682C6D@A@?\G6:D F?92D4@>AC:>:52D6492E2D?@=F82C5682CC2D

G:DV@ 6DE6C6@D4^A:42 2F>6?E@ 46C63C2= 6DA64:2=>6?E6 4^CE6I

4@>A@CE2>6?E@D 4@>A=6I@D >F:E@D 56=6D 2AC6?5:5@D 6 ?V@ 2A6?2D :?DE:?E:G@D @C82?:K2XV@ D@4:2= 4@>A=6I2 C6E6?XV@ 52 4=2G\4F=2 4@>@ 6=6>6?E@AC@6>:?6?E6524:?EFC26D42AF=2C=:82>6?E@?@@>3C@BF6A6C>:E6

F>2=E@8C2F56>@G:>6?E@5@D>6>3C@D=:82>6?E@?@4@E@G6=@BF6A6C>:E6 C@E2XV@5@D>6>3C@DA6:E@C2:D>6=9@C25242A24:525656>@G:>6?E2XV@5@D 5\8:E@DA@CX`6DE2E@D6?D\G6:D?2DA@CX`6D5:DE2:D5@D5\8:E@DC65FXV@5@D 2A2C2E@D@=72E^C:@D C65FXV@ 5@?a>6C@56 56?E6D4ZC63C@C6=2E:G2>6?E6 8C2?56 D@>6?E6 5F2D 8=T?5F=2D >2>SC:2D E:A:42>6?E6 F> 7:=9@E6 A@C 8C2G:56K E6?5[?4:2 56 >2?FE6?XV@ 6C6E2 5@ EC@?4@ 4@> 3:A65:D>@

724F=E2E:G@ 4C:2 2=EC:4:2= 6 :?7T?4:2 AC@=@?8252 &(!* &(!*

('- "&!+ !+* &.+(!$P %F:E@D56DE6DEC2X@D

DV@2EC:3F\5@DQG:522C3@C\4@=2>2D Z:>A@CE2?E66?E6?56CBF65:G6CD@D 56=6D A@C >2:D BF6 D6;2> 56D4C:E@D 4@>@ E6?5[?4:2D ?2 =:?9286> 5@D AC:>2E2DA@56>?V@D6C2A2C6?E6D6>E@5@D@D>6>3C@D52@C56>36> 4@>@?V@D6C6> a?:4@D2@DAC:>2E2D('- "&!+ !+* 5:G6CD:5256?26DECFEFC2G2C:6525656E2>2?9@D67@C>2D4@>A@CE2>6?E@D 664@=@8:252D6DAZ4:6D56DD2@C56>ZC67=6E:52A6=2D5:76C6?X2D5@

5:6E29S3:E@D=@4@>@E@C6D6@C82?:K2XV@D@4:2=$$

6DAZ4:6G:G6?E6>2:DAC^I:>25@DD6C6D9F>2?@D Z@49:>A2?KZ D6?5@2>3@D4@=@425@D2EF2=>6?E6?2>6D>2 72>\=:2A@C2=8F?D2FE@C6D

56G:5@Q8C2?56D:>:=2C:5256?2D:56?E:5256D8[?:42D6?EC66

56A6?56?5@ 52 C68:V@ 5@ 86?@>2 6DEF5252 &.+ (!$P

(19)

G6CE63C25@D:?4=F:?5@2>2:@C:25@D>2>\76C@D('- "&!+ !+* =Z>5:DD@49:>A2?KZ Z>2:DAC^I:>@56?^D5@A@?E@56G:DE25@ &BF6@8@C:=2@F5@@C2?8@E2?8@

'D2BF6D6A2C2>@9@>6>5@49:>A2?KZ4@CC6DA@?56>2@D >:=9`6D562?@D6>BF62>3@D7@C2>DF3>6E:5@D2AC@46DD@D6G@=FE:G@D 5:DE:?E@D@FD6;2 Z@E6>A@56D56BF6@ a=E:>@2?46DEC2=4@>F>QD5F2D

6DAZ4:6DG:G6F?2,6CC2&.+(!$P

(01"=<,%.")$,/.>"1/0."),-(0%#?+%,/

EZ 2=8F> E6>A@E@52 2D:DE6>SE:4256 9@>:?\56@D 2A@:@FD6 ?2 2?2E@>:24@>A2C2E:G2566DAZ4:6DG:G6?E6D6566DAZ4:>6D7C28>6?E25@D56

(20)

:8FC2 MCG@C66G@=FE:G25@D9@>:?\56@D @?E6(*', *'* A

6DE27@C>2@2?46DEC2=246:E@4@>@C6AC6D6?E2?E6>2:DAC@GSG6=5@D

AC:>6:C@D52=:?9286>9F>2?2Z@ 56#@C@,@C@

?@9256*'.+ +6FD7^DD6:DBF6@2A@?E2>4@>@D6?5@@>2:D 2?E:8@ 3\A656 7@C2> 6?4@?EC25@D 6> 42>252D 86@=^8:42D 4@> :5256 6DE:>2526>>:=9`6D562?@D&.+(!$P

(21)

=:?9286>5@D8@C:=2D5:D4@C5T?4:26?EC6@DA6DBF:D25@C6DD65SA6=@72E@

56 @ 4CT?:@ 6?4@?EC25@ 4@> @FEC@D @DD@D 6DE2C 32DE2?E6 5:DE@C4:5@

*'.+

@ f*:7E.2==6Jg?@)F[?:27@:C6E:C25@ F>>6>3C@>2:D=2C82>6?E6

246:E@4@>@ESI@?2?46DEC2=56?@DD2=:?9286>' 4@>

2AC@I:>252>6?E6>:=9`6D562?@D2AC6D6?E2F>5@DC2C@D6DAZ4:>6D56 AC@E@9F>2?@D4@>A^D4CT?:@BF2D64@>A=6E2>6?E6AC6D6CG25@=Z>56 7C28>6?E@D56>2I:=2656?E6D9SF>7[>FCBF62A@?E2A2C242C24E6C\DE:42D 3\A656D:?4:A:6?E6DC65FK:?5@5:D4FDD`6D4@>C6=2XV@QDF2E2I@?@>:2

'D 5@:D AC^I:>@D 52 =:?9286> DV@ 4@>

2AC@I:>252>6?E6>:=9`6D562?@D6 :?:4:2=>6?E6

492>25@56 4@>2=8@6>E@C?@56>:=9`6D56

2?@D('- "&!+ !+* *'.+

,@52G:2 6DEF5@D 2A@?E2> BF6 6DE6D ACZ2FDEC2=@A:E64\?6@D

2AC6D6?E2> >@5:7:42X`6D >@C7@=^8:42D 2@ =@?8@ 5@ E6>A@ :?5:42?5@ 2=E6C2X`6D?@D9S3:E@D2=:>6?E2C6D6?2=@4@>@XV@BF6D6E@C?2567@C>2 8C25F2=4252G6K>2:D6C6E2*'.+ @>32D6?2A@D:XV@56D6F

7@C2>6>28?@6D42DD2D6G:5[?4:2D:?5:42>BF6@ 6C23\A656

2=Z>56E6CF>3C2X@>@C7@=@8:42>6?E6>2:DAC^I:>@5@D9F>2?@DBF65@D @FEC@D D\>:@D 6DA64:2=>6?E6 ?@D @>3C@D 6 4@E@G6=@D ('- "&!+

!+*

->2 :>A@CE2?E6 A6DBF:D2 2G2=:@F 2 3:@>64T?:42 52 >2C492 56 9F>2?@D6>4@>A2C2XV@4@>@FEC@DAC:>2E2D6E@5224@>A=6I:5256?6=2 6?G@=G:522E6DE2?5@6?EV@BF62EC2?D:XV@566D42=25@C6D56SCG@C6DA2C2

3\A656D@4@CC6F6>6E2A2D+ %!,,

(22)

(01"=<,%.")$,/1/0."),-(0%#?+%,/

'DFC8:>6?E@5@D2FDEC2=@A:E64\?6@D 4@>A@F4@>2:D56>:=9`6D56 2?@D A2C646> C6AC6D6?E2C F> ?@G@ CF>@ 4@> >@=2C6D 32DE2?E6 2G2?E2;25@D 6 42>252D 56 6D>2=E6 32DE2?E6 6DA6DD2D ?@D ACZ>@=2C6D 42?:?@D2:?52>2:DC65FK:5@D6F>2>2C492A=6?2>6?E66C6E2F>2G6KBF6 6DE2DFC8:F>F:E@2?E6C:@C>6?E6Q2BF:D:XV@56F>8C2?564ZC63C@('-

"&!+ !+ * *'.+ (68252DD6>6=92?E6DQD?@DD2D

7@C2>56D4@36CE2DA@C%2CJ$62<6J6D6FD4@=682D6>$26E@=:?2,2?KT?:2 >2C4252D6> 4:?K2 GF=4T?:4252E252 C25:@>6EC:42>6?E66?EC6 6 >:=9`6D 56 2?@D E2:D A68252D 7@C2> 56:I252D AC@G2G6=>6?E6 A6=@

@BF2= Z4@?964:5@A@C7^DD6:D5@>6D>@D\E:@

('- "&!+ !+ *

:?52?V@D6D2362@46CE@BF2=DF2@C:86>OA@DD\G6=BF6E6?92

6G@=F\5@ 5@ @F 2>3@D E6?92> 56C:G25@ 56 F>

2?46DEC2=4@>F>

'D2FDEC2=@A:E64\?6@D2AC6D6?E2C2>8C2?565:G6CD:7:42XV@@C:8:?2?5@ >F:E2D 6DAZ4:6D D6?5@ BF6 2=8F>2D 7:42C2> 86@8C27:42>6?E6 :D@=252D D6?5@ A@DE6C:@C>6?E6 DF3DE:EF\52D A@C 2A2C6?E25@D 6> @FEC2D C68:`6D 6 @FEC2D D66DA64:2=:K2C2>6>5:76C6?E6DE:A@D566IA=@C2XV@5@2>3:6?E6

*'.+

'4@?E:?6?E627C:42?@?6DE6>@>6?E@4@>6X@F2D6E@C?2C@BF6 6=6Z

9@;64@36CE@A6=2D8C2?56D6IE6?D`6D567@C>2X`6DG686E2:D236CE2D52D D2G2?2D6A@C56D6CE@D DE6AC@46DD@=6G@F2F>25:>:?F:XV@4@?D:56CSG6= 52D7=@C6DE2DC:42D6>7CFE@D3C@E@D6D6>6?E6D4@>2=E@E6@C6?6C8ZE:4@ D D2G2?2D?V@2AC6D6?E2> F>2C:BF6K26>G686E2:D724:=>6?E65:86C\G6:D6 6DE2C65FXV@56C64FCD@D7=@C6DE2:DAC@G2G6=>6?E66I6C46F8C2?56AC6DDV@ D6=6E:G2D@3C66DE6D9@>:?\56@D%F:E@D56G6>E6CD66IE:?8F:5@6?BF2?E@ @FEC@DA2DD2C2>A@CAC@46DD@DBF6@D>@5:7:42C2>656:I2C2>2AE@D2G:G6C

D@3E2:D4@?5:X`6D&.+(!$P

+F2@4FA2XV@52M7C:425FC@F46C4256>:=9`6D562?@D6DF2D

6DAZ4:6D DV@ 28CFA252D 6> 5:76C6?E6D 8[?6C@D

BF64@>AF?92> F>?a>6C@

(23)

6CC2?E6=6DE@5@DA@DDF\2>42?:?@DC6=2E:G2>2?E6A6BF6?@DD6?5@6DE6D C65FK:5@D 2@ =@?8@ 5@ E6>A@ 4ZC63C@D A6BF6?@D 2AC@I:>252>6?E6 5@

E2>2?9@ 5@D 56 49:>A2?KZD G2C:2?5@ 6?EC6 6 44 2=Z> 56

AC@8?2E:D>@*'.+

'D 6C2> 5@E25@D 56 5:>:?FE@D 56?E6D :?4:D:G@D 6

6?@C>6D >@=2C6D 6 ACZ>@=2C6D A@C :DD@ 492>25@D 56 >6825_?E:4@D 6G:56?4:2?5@BF6D62=:>6?E2G2>563C@E@DE2=@DD6>6?E6D6EF3ZC4F=@D =Z>5:DD@6=6D5:DAF?92>56>aD4F=@D>2DE:82E^C:@DA@DD2?E6D@BF6 242CC6E@FF>2DZC:656>@5:7:42X`6D6>GSC:2D6DECFEFC2D^DD62D5272466 5@?6FC@4CT?:@:?4=F:?5@27@C>2XV@56F>24C:DE2^DD62?@2=E@524236X2 BF62F>6?E@FD:8?:7:42E:G2>6?E62SC6256:?D6CXV@5@D>aD4F=@DE6>A@C2:D

&.+(!$P *'.+ DEF5@D56>@?DEC2>BF66=6DD6

>@G:2> 2@ =@?8@ 56 56 7=@C6DE2D 6 G2=6D 56 C:@D 6 ?V@ 9S

2C8F>6?E@D4@?EF?56?E6D56BF66=6D:?86C:DD6>4FA:?D FE:=:K2?5@G2C6E2D

4@>@@D49:>A2?KZD72K6> *'.+

&@6?E2?E@@D>6825_?E:4@DE:G6C2>G:526G@=FE:G24FCE26IE:?8F:C2> D6A@CG@=E256>:=9`6D562?@DA@CC2K`6D2:?5256D4@?964:52D

'D 7@C2> 2 =:?9286> BF6 :?4@CA@C@F 8C2?56D

BF2?E:5256D56AC@E6\?22?:>2=6>DF25:6E26BF64@?4@>:E2?E64@>:DD@ 56D6?G@=G6F@FEC@4@>A@CE2>6?E@>F:E@:>A@CE2?E6@=2D42>6?E@56A65C2D

&.+(!$P

'D 7^DD6:D 5@D 2FDEC2=@A:E64\?6@D ?V@ 56:I2> 5aG:52D BF6 D6F

56D=@42>6?E@D652G2D6>5aG:52567@C>26C6E2A@56?5@E2>3Z>DF3:C 6>SCG@C6D@F2EZD6=@4@>@G6C6>56>2?6:C2BF25CaA656D@3@D?^5F=@D 5@D565@D(C@G2G6=>6?E6A@56C:2>C62=:K2C2DEC[D2X`6D'AC@3=6>2G:G6 ?2:?E6CAC6E2XV@5@DC6DE@D56DE6D6DBF6=6E@DAC:>:E:G@D4@>@DF2D72=2?86D 4FCG252D@F2D6>:3C2BF:2XV@ 2A@?E252A6=@DD6FDAF=D@D F>2G6KBF6 ?V@ZA@DD\G6=:?76C:CD6E2:D42C24E6C\DE:42DDV@C6DBF\4:@D56D6FD2?46DEC2:D

@F 4@>A@CE2>6?E@D 6?EV@ 56D6>A6?925@D ('- "&!+ !+ *

*'.+ ->242C24E6C\DE:425@DAC:>6:C@D9@>:?\56@DBF6D^

(24)

+6FD;@6=9@D6C2>G2=8@D@FD6;26?4@?EC2G2>D6232:I@5@46?EC@ 568C2G:52565@4@CA@A@CBF62D4@I2D:?4=:?2G2>D65@BF25C:=2@;@6=9@2 A6=G66C232:I26=2C826@9S=FI?V@5:G6C8:25@D@FEC@D565@D5@AZ%6D>@ G:DF2=:K2?5@@D 4@>@ 3\A656D 4@>A=6E@D ?V@ A@56>@D A6?D2C ?6=6D 42>:?92?5@:?E6:C2>6?E64@>@?^D2DA64E@D52A6=G6:?5:42>BF6@4@CA@ ?V@ 8:C2G2 ?@ >6D>@ 8C2F BF6 @ ?@DD@ DF2D A6C?2D 6C2> 4FCE2D 6 4@?D6BF6?E6>6?E6DF2>2C492?V@6C2EV@7S4:=BF2?E@2?@DD2*'.+

(01"=<,'%.")$,/

OGS=:5@C6DD2=E2CBF625:DE:?XV@6?EC68[?6C@ fg6?V@fg

?2 SCG@C6 6G@=FE:G2 Z 23D@=FE2>6?E6 2C3:ECSC:2 +V@ FE:=:K25@D 4C:EZC:@D 2CE:7:4:2:DA2C24C:2C@D=:>:E6D6?EC6@D8CFA@DF>2G6KBF6@BF6@4@CC6ZF>

6?EC66=6D.&

&@6?E2?E@D6CS2BF:FE:=:K2522>2?6:C2EC25:4:@?2=564=2DD:7:42XV@ >E@C?@56>:=9`6D562?@DDFC86@AC:>6:C@9F>2?@ ('- "&!+ !+ * OBF2D6:?BF6DE:@?SG6=BF6@8[?6C@E6G6DF2D @C:86?D 6?EC6 @D 2FDEC2=@A:E64\?6@D 42C?\G@C@D E6?5@ 6> G:DE2 BF6 4@?E:?F2C2>2FE:=:K2C2>6D>26DEC2EZ8:2BF6D6FD2?46DEC2:DE2?E@?@BF6 4@?46C?6QDF3D:DE[?4:24@>@QE64?@=@8:252A65C2=2D4252&.+(!$P

+6FA2=2E@6C2>6?@C6>2:DA2C23^=:4@2A@DEFC256DF24236X26C2 4@>A=6E2>6?E66C6E26@D>6>3C@D:?76C:@C6D6C2>>2:D=@?8@D'

5@=6DE652M7C:427@:@AC:>6:C@22AC6D6?E2C2=8F>2F>6?E@46C63C2=

>2:D D:8?:7:42E:G@ 42A24:5256 4C2?:2?2 56 d 44 6?BF2?E@

A@DDF\22A6?2D d 444236X26BF:=:3C252

4@>24@=F?252>2?6:C2>@56C?2>2I:=2D>6?@C6D6>@=2C6D6ACZ>@=2C6D

>6?@C6D.&%&+('- "&!+ !+ *

&.+(!$P

:?529S5632E6D6>E@C?@5@ E2I@?_>:4@5@DAC:>6:C@D

%F:E@D A6DBF:D25@C6D 5:G:56> @ @C:8:?2= 6>

4@?964:5@562>:=9`6D562?@D6 52E2?5@562

(25)

A@DDF\24ZC63C@>2:@C66C22A2C6?E6>6?E6>2:DC6=24:@?25@QD6DAZ4:6D

A@DE6C:@C6D56('- "&!+ !+ *

(01"=<,'%.")$,/

S46C4256>:=9`6D562?@DF>?@G@9@>:?\56@DFC86?@C68:DEC@ 7^DD:=@ 6DAZ4:6Z4@?D:56C2522>2:D2?E:822E6C56:I25@2

M7C:42+F2>:8C2XV@6>5:C6XV@QMD:2E6C:2 @4@CC:5@9S?@>\?:>@ >:=9`6D 56 2?@D E6?5@ D6FD 7^DD6:D 6?4@?EC25@D ?2 !=92 56 "2G2 +F3D6Bb6?E6>6?E6E6C:2CF>25@QFC@A22E:?8:?5@@SF42D@C68:V@BF6 =6G2@?@>6524256:256>@?E2?92D6?EC66DE64@?E:?6?E66@2D:SE:4@

('- "&!+ !+ * &.+(!$P *'.+

+F2>@C7@=@8:2C6G6=2 F>7[>FCBF2D6:?5:DE:?8F\G6=5@56 F>

:?5:42?5@>2C4926C6E24@>@D6F?@>6DF86C6F>242:I24C2?:2?232:I2 AC2E:42>6?E6D6>E6DE24@>A2C656D8C@DD2D62?8F=2C6D642A24:525656 ?V@>2:DBF6 442C4252DDFAC24:=:2C6D6DA6DD2D6AC@?F?4:252D56?E6D >@=2C6D 4@> A25CV@ 56 4aDA:56D 5@ E:A@ :?E6C>65:SC:@ 6?EC6 @D 2FDEC2=@A:E64\?6@D6@9@>6>2EF2=D6?5@2>2?5\3F=2>2:DC@3FDE22=Z> 56D6C6>BF2D6D6>BF6:I@'D>249@D F=EC2A2DD2G2>>D6?5@2D

7[>62D >2:D 32:I2D .& %&+ ('- "&!+

!+ * *'.+

(@C G@=E2 56 >:=9`6D 56 2?@D A6=2 AC:>6:C2 G6K DFC8:C2>

76CC2>6?E2D 56 A65C2 =2D4252 36> >2:D 6=23@C25@D BF6 @D 5@D

2FDEC2=@A:E64\?6@D 6DE2 G6K 6DE6D 2CE672E@D 56>2?52G2> F>2

AC64@?46AXV@7@C>2=5@@3;6E@56D6;25@.&%&+

&.+ (!$P DE2 ?@G2 :?5aDEC:2 =\E:42 492>252 496F=6?D6

4@?D:DE:2D656A@F42D76CC2>6?E2D76:E2D2A2CE:C5@=2D42>6?E@56D6:I@D2EZ

BF66DE6D2AC6D6?E2DD6>DF27@C>256D6;252&.+(!$P

(@C>F:E@D2?@DE@5@D@DAC@E@9F>2?@D2?46DEC2:D5@9@>6>4@>

6I46XV@5@D 7@C2>4=2DD:7:425@D4@>@D6?5@

*'.+ =6D2AC6D6?E2G2>5:DEC:3F:XV@2@=@?8@52FC@A2M7C:42

9:?26"2G2.&&@6?E2?E@6DE24@?46AXV@A2C6466DE2C

(26)

A@DD:G6=>6?E65:76C6?E6D6DAZ4:6D F>2G6K28=@>6C252D6>

D6C:2 :>AC@GSG6= 92G6C BF2=BF6C 6DA6C2?X2 56 56D6>32C2X2C =:?9286?D

6G@=F4:@?SC:2D*'.+

(01"=<,'%.")$,/

FC2?E6DF2;@C?252@ D@7C6F>@5:7:42X`6D56>2?6:C2

BF64FC:@D2>6?E6@D6DAZ4:>6D2D:SE:4@DA2C646>>2:DAC:>:E:G@DBF6@D 27C:42?@D(@C6DD2C2KV@>F:E@DA6DBF:D25@C6D24C65:E2>EC2E2CD6565F2D

6DAZ4:6D d>2?@42D@52D7@C>2D>2:D8CS46:D6

2CC65@?5252D52M7C:426 ?@42D@52D7@C>2D>2:DC@3FDE2D6

2?8F=@D2D52MD:2&.+(!$P 4C65:E2D6BF6@ Z

>2:D2A2C6?E25@5@D9@>:?\56@DDF3D6Bb6?E6D('- "&!+ !+ *

&.+(!$P

+6FD7^DD6:D7@C2>6?4@?EC25@DAC:?4:A2=>6?E6?@$28@,FC<2?26> #@@3:@C26&2C:@<@E@>6'E2>2?9@56D6F4ZC63C@2E:?8:2G@=F>6D;2>2:D

G:DE@D6> D6FD 2?46DEC2:D 42A24:52564C2?:2?256 d 444@>

DFA6C4\=:@D7:?@D6D2=:6?E6D>6?@DAC@8?2E:D>@6A6=2AC:>6:C2G6K F> ?2C:K>2:DD@3C6DD2=6?E6

A6=G66C2>@56C?26>DF27@C>236>4@>@@6DBF6=6E@6>86C2= 2A6D2C56@7[>FC2:?52?V@D6CAC64:D2>6?E64@>@6>9F>2?@D>@56C?@D

(@C>F:E@E6>A@2DDF>:FD6BF6@D56D46?56?E6D5@

?V@E6C:2>56:I25@@4@?E:?6?E656@C:86>2EZ?@>SI:>@>:=2?@D2ECSD %2D F> 6G6?E@ 32DE2?E6 :?6DA6C25@ 7@CX@F F>2 C62G2=:2XV@ 56 4@?964:>6?E@D 2 56D4@36CE2 56 F> D\E:@ 6IEC2@C5:?2C:2>6?E6 C:4@ 6> >2?:D:?2*6Aa3=:42526^C8:2?@SF42D@=Z>565:DE2?E65@DEC^A:4@D 656A6CE6?46C2 F>A6C\@5@32DE2?E6C646?E6>2D6FD7^DD6:DDV@ 2:?52>2:DAC:>:E:G@DBF6@ 6DE2?5@6?EC66DE26DAZ4:66@

/'& *'.+ +@>25@2:DD@2DDF>:2D6

(27)

'=5FG2:6?D64@>A@DE26I4=FD:G2>6?E656=2D42D4@CE2?E6D&.+(!$P

'D 7^DD6:D 56 =S C6E:C25@D 6C2> 4CT?:@D 6 >2?5\3F=2D BF6 D6 6?42:I2G2>D@>25@D2@DD@D5@A^D4CT?:@'D4CT?:@D6C2>A6BF6?@D

42A24:5256 4C2?:2?2 6?EC6 d 44 @D DFA6C4\=:@D 7:?@D 6

D@3C6DD2=6?E6D @ AC@8?2E:D>@ 6C2 4@?D:56CSG6= 2=Z> 56 2AC6D6?E2C6> AC:>^C5:@D56 F>?2C:KAC@EF36C2?E66 F>:?6DA6C25@8C2F565:>@C7:D>@ D6IF2=25:76C6?X256E2>2?9@6?EC6F>2>2I:=26@D56>2:D4CT?:@D86C@F

5aG:52DD6A6CE6?46C:2>Q>6D>26DAZ4:6>2D56A@:D4@?DE2E@FD6BF66=2 A6CE6?4:22 F>>249@8C2?566?BF2?E@@D4CT?:@DA6CE6?4:2>2A6BF6?2D 7[>62D

%F:E@6>3@C22BF2?E:525656G6K6DBF6@D9@>:?\56@D56:I2C2>2 M7C:426>5:C6XV@QMD:22:?52?V@Z4@?D6?D@ZA@DD\G6=BF6E6?92>D:5@ EC[D2>6D>27@C>2BF6@FEC@D2?:>2:D6DE6DAC@E@9F>2?@D3FD42G2>

2>3:6?E6D >2:D 256BF25@D Q >65:52 BF6 32CC6:C2D 86@8CS7:42D

56D2A2C64:2>5:76C6?X2?6DE642D@ZBF6D6FD?:49@D64@=^8:4@D6DE2G2> D62>A=:2?5@AC@8C6DD:G2>6?E656>@5@BF69@FG6F>2>2:@CG2C:6525656

BF6AF56DD6>D6C6IA=@C25@D

O A@DD\G6= :?76C:C BF2= @ ?:49@ 6IA=@C25@ A6=@

C6>@?E2?5@ D6F +F2D @DD252D DV@ 6?4@?EC252D 6> 2>3:6?E6D

=6G6>6?E62C3@C:K25@D @F D2G2?2D4@>@2 72F?22DD@4:252?@D 5:K 6 86C2=>6?E6?2DAC@I:>:5256D56C:@D@F=28@D

@?9646?5@D6FD7^DD6:D6:4?@7^DD6:DA@56>@DG:DF2=:K2C2=8F?D56 D6FD9S3:E@D=6DAC@G2G6=>6?E62=:>6?E2G2>D656>2EZC:2G686E2=4@>@ 7CFE2D D6>6?E6D E2=@D 6 A2CE6D DF3E6CCT?62D 52D A=2?E2D 2=Z> 56 46CE2>6?E64@>6C42C?6DE62=:>6?E@6C2>F:E@AC@G2G6=>6?E6@3E:5@56 >2?6:C2 42C?:46:C2 @F D6;2 @D 9F>2?@D C6D82E2G2> C6DE@D 52D AC6D2D 56:I252DA@C AC6525@C6D>2:@C6D%2C42D5@4@CE656DF2D76CC2>6?E2D56 A65C2 7C6Bb6?E6>6?E6D6D@3C6A`6>2@D52D 42FD252DA6=@D56?E6D56 8C2?56D76=:?@D6@FEC@D42C?\G@C@D

=6D723C:42G2>6DE2D76CC2>6?E2D56A65C24@>@;S72K:2D6FAC@GSG6= 2?46DEC2=@ (@56>@DAC6DF>:CBF62FDEC2=@A:E64\?6@D62EZ

(28)

DAC:>6:C2D76CC2>6?E2D56A65C2@4@CC6C2>6>6DEC2E@D56>:=9`6D 2?@D56:52566> 252C;F?E2>6?E64@>@A2=2E@5@>2:D2?E:8@923:=\?6@

4@964:5@*'.+

(01"=<,'%.")$,/

(@C G@=E2 56 2?@D 2ECSD 9@>:?\56@D AC@G:5@D 56 8C2?56

4ZC63C@ 42A24:5256 4C2?:2?2 56 44 7@C2> AC65@>:?2?E6>6?E6

C6F?:5@D6> F>26DAZ4:64@?964:524@>@ BF6D6

6DA2=9@FA@CE@522M7C:426BF2?5@@4=:>2A6C>:E:F6>8C2?56A2CE652

FC@A2E2>3Z>&.+(!$P *'.+ DE6D9@>:?\56@D

G:G6C2>?@A=2?6E2 2EZ2AC@I:>252>6?E6 >:= 2?@D656D6?G@=G6C2> :?@G2X`6D6G@=FE:G2DC6AC6D6?E2E:G2D4@>@42X22E:G2568C2?56D>2>\76C@D 4@?DECFXV@5@DAC:>6:C@D23C:8@D65@>6DE:42XV@5@7@8@

C2?56D =2?X2D 56 >256:C2 4@> 2D A@?E2D 32DE2?E6 28FX252D

2DD@4:252D26DBF6=6E@D5642G2=@DACZ9:DE^C:4@D>F:E@AC@G2G6=>6?E62=G@D 52BF6=6DAC:>6:C@D42X25@C6D7@C2>6?4@?EC252D?@7:?2=5@D2?@D ?2 =6>2?9252E252DA@CG@=E256 >:=2?@DO2>2:D2?E:826G:5[?4:256 42X256?EC6@D9@>:?\56@D

=8F?DD\E:@D6D42G25@D?2C2?X2?@D2?@D 6 E2>3Z>

52E25@D5646C4256 >:=2?@D6G:56?4:2C2>BF66=6D7@C2>E2>3Z>@D AC:>6:C@D 2 252AE2C 23C:8@D D@3 C@492D 6 42G6C?2D 4@>@ >@C25:2D 24C6D46?E2?5@E2A2G6?E@DQD76:X`6D?2EFC2:D56DD2D42G:5256D:?52?2 C2?X29S6G:5[?4:2D56BF6?@>6D>@A6C\@5@BF2?5@242>A2G2>24ZF

236CE@ 4@?DECF\2> A6BF6?2D E6?52D 4@> 82=9@D 6 7@=92D 6 6> D6FD :?E6C:@C6D>2?E:?92>7@8F6:C2D&.+(!$P

'AC:>6:C@6DAZ4:>656EC2E2G2D6?2C62=:525656

F>2>2?5\3F=26?4@?EC2526> 6>%2F6CA6CE@56 6:56=36C8E2>3Z>

?2=6>2?92%&+

C22!5256566=@BF64@?D:DE:2565:DEC:3F:X`6DA6C:^5:42D52D 42>252D5@86=@A@=2C d6DE2DD66DA2=92G2>6C64F2G2>?@G2>6?E66> :?E6CG2=@D5646C425646>>:=2?@D E@C?2?5@2D2=E2D=2E:EF56D:?23:ESG6:D

A2C2 D6C6D 9F>2?@D FC2?E6 @ C64F@ 56DE2D 42>252D @

(29)

C6E@C?2C2>2DA@AF=2X`6D92G:2>D:5@4@>A24E252D?@G2>6?E6?2M7C:42

%&+.&*'.+

(01"=<,'%.")$,/

@=@?8@5@E6>A@@2AC:>@C2>6?E@56252AE2X`6D4F=EFC2:D5@

4@>@@DDFAC2>6?4:@?25@D2=Z>5@56D6?G@=G:>6?E@56

F>2 ?@G2 :?5aDEC:2 =\E:42 A@C G@=E2 56 >:= 2?@D A6C>:E:C2 2 6DE6D 9@>:?\56@DA6C>2?646C?2FC@A26DFA@CE2C@7C:@@BF64F=>:?@F?@ 56D6?G@=G:>6?E@564ZC63C@D>2:@C6D2EZBF6@D569@>6?D>@56C?@D6> >Z5:2 4432:I26DE2EFC2BF6:I@A@F4@246?EF25@7[>FC6D6E\3:2D =6G6>6?E62CBF625@D2C4252DDFAC24:=:2C6DD2=:6?E6D2=Z>568C2?56DD6:@D

52 7246 6 ?2C:K 6?@C>6 ,C2E2G2D6 56 F>2 ?@G2 6DAZ4:6 @

4@?964:5@DA@AF=2C>6?E64@>@f @>6>52D2G6C?2Dg@F

D:>A=6D>6?E6 f @>6>56&62?56CE2=g +6FDC6DE@DDV@6?4@?EC25@DA@C E@522FC@A26'C:6?E6%Z5:@652E2>5646C4256 2?@D%&+

.&&.+ (!$P *'.+

AC:>6:C256D4@36CE256DE6D9F>2?@D@4@CC6F6>?22G6C?2

6=59@76C ?@ .2=6 &62?56C bDD6=5@C7 =6>2?92 >@E:G@ 56 DF2

56D:8?2XV@.&%&+

+6FG@=F>646C63C2=DFA6C:@C2@?@DD@?V@D:8?:7:42BF6E6?92>D:5@ >2:D:?E6=:86?E6D(@CD6C6>>2:D4@CAF=6?E@D6A6D25@D AC@G2G6=>6?E6 A@DDF\2>>2DD26?467S=:42>2:DG@=F>@D2C2>>2:D2E2CC2425@D4@>@ C6DA@DE24=2C22@C:8@C@D@C68:>6567C:@6>BF6G:G:2>->4@CA@>2:D32:I@ 6=2E6C2=:K25@2FI:=:2?24@?D6CG2XV@52E6>A6C2EFC24@CA@C2=

+6FAC@8?2E:D>@A2C646E6C2E6?5:5@QD56>2?52D5@4=:>2%F:E@D A2=6@2?EC@A^=@8@D 4C[6> BF6 2 4:E252 42C24E6C\DE:42 5:>:?F:C:2 4@?D:56C2G6=>6?E62AC@323:=:5256564@?86=2>6?E@56D6E@C6D5@DAF=>`6D 64ZC63C@D56G:5@QD32:I2DE6>A6C2EFC2D5@2C:?2=25@

(30)

'FD6;2EC2E2D6568C2?56:?5\4:@56BF6FE:=:K2G2>7C6BF6?E6>6?E623@42 4@>@:?DECF>6?E@56EC232=9@&.+(!$P

'D&62?56CE2:D6C2>4@?D:56C2G6=>6?E6256AE@D5676CC2>6?E2D56 A65C2 @ A@?E@ 56 G:DE2 56 =2D42>6?E@ ?V@ 2AC6D6?E2G2> ?6?9F>2

5:76C6?X2 D:8?:7:42E:G2 BF2?5@ 4@>A2C25@D 2@D &2

C62=:5256 FE:=:K2G2>2>6D>2EZ4?:4252!?5aDEC:2%FDE6C:6?D64C:252A@C D6FD2?E646DD@C6DDE2EZ4?:42E2>3Z>492>25256$6G2==@:D2AC6D6?E@F

8C2?56 :?@G2XV@ ?@ BF6 D6 56?@>:?2 f?a4=6@ AC6A2C25@g ?BF2?E@ ?@ 496F=6?D6F>D6:I@@F3=@4@@F3=@4@56A65C252G2@C:86>2A6?2D2F> :?DECF>6?E@?@%FDE6C:6?D66C2>4C:25@DGSC:@D'BF6@4@CC6F ZBF67@: 25:4:@?25@ F>?@G@ A2DD@ ?2 4256:2 @A6C2E^C:2 56 AC@5FXV@ @ ?a4=6@

AC6A2C25@ 5@ BF2= GSC:2D =2D42D 2AC@G6:ESG6:D A@5:2> D6C C6E:C252D

EC2?D7@C>2?5@4252 F>256=2D6> F>276CC2>6?E22EC2GZD 56C6E@BF6D 6DE2>2?6:C26C2A@DD\G6=86C2C=2D42D56E2>2?9@D67@C>2D6DA64\7:4@D 2F>6?E2?5@@?a>6C@56BF2EC@76CC2>6?E2D5@496F=6?D6A2C246C4256 G:?E6?@%FDE6C:6?D6

'D a=E:>@D ?62?56CE2:D G:G6C2> 2EZ 46C42 56 >:= 2?@D 2ECSD

&.+(!$P

(01"=<,'%.")$,/

"S?2M7C:42F>?@G@E:A@569F>2?@6DE2G2 DFC8:?5@+F2@C:86>D6 56F 6> 5F2D 6E2A2D AC:>6:C2>6?E6 DFC8:F @ 9@>6> 2?2E@>:42>6?E6 >@56C?@A@CG@=E256 >:=2?@DA2C2D@>6?E69S46C4256>:=DFC8:C@ 9@>6>4@>A@CE2>6?E2=>6?E6>@56C?@&.+(!$P

+F242:I24C2?:2?26C22=E22CC65@?525264@>42A24:525656 2 44272464FCE24@>T?8F=@>2C425@?@K:8@>27@DD25@56?E642?:?@ =@8@ 232:I@ 52 ^C3:E2 AC6D6?X2 56 BF6:I@ >2:D 246?EF25@ >2?5\3F=2D

A6BF6?2D2C425256?ESC:24FCG2526A6C?2D=@?82D6C2@

.&*'.+

+F24=2DD:7:42XV@D64@?D:DE66>@C56>5@D(C:>2E2DDF3@C56> ?E9C@A@:562 :?7C2@C56> 2E2CC9:?: DFA6C72>\=:2 @>:?@:562 72>\:2 @>:?:5266DF372>\:2 @>:?:?62('- "&!+ !+* &.+

(31)

2>6D>27@C>2BF6@D?62?56CE2:DDFC8:C2>D@32XV@5@7C:@:?E6?D@ D@3C62=8F>2D=:?9286?D56 6DD6D>6D>@D9@>:?\56@D

56C2>@C:86>2@?2EC@A:42=:525627C:42?2DD:>D6?5@4@>@

Z A@DD\G6= 2G6C:8F2C ?2 :8FC2 E2?E@ @ BF2?E@ @

E:G6C2>@>6D>@2?46DEC2=

(2CE652>@C7@=@8:25@D9@>6?D2?2E@>:42>6?E6>@56C?@D4@>2 7246 4@>A=6E2>6?E6 6?42:I252 D@3 @ ?6@4CT?:@ 6 F>2 7@C>2 4@CA@C2= =@?8:=\?624@>6DBF6=6E@G6CE:42=:K25@2A@?E2A2C242C24E6C\DE:42D72G@CSG6:D QG:52?@DEC^A:4@D@4@?ECSC:@5@D?62?56CE2:D27@C>2=@?8:=\?62724:=:E22 A6C525642=@C4@CA@C2=>2:DC2A:52>6?E6=Z>5:DD@AC@G2G6=>6?E68C2X2D Q?V@?@4:G:5256Q:?E68C:52565@4ZC63C@6AF=>`6D5@@2C:?2=25@6> 4=:>2DEC@A:42:D?V@9@FG6AC6DDV@D6=6E:G2A2C227:I2XV@5@AC@8?2E:D>@ 724:2=

@ A@?E@ 56 G:DE2 4@>A@CE2>6?E2= 6 E64?@=^8:4@ @ 9@>6> 6C2 6IEC6>2>6?E6D:>:=2C2@D?62?56CE2:DG:G:232D:42>6?E6524@=6E2642X2 A@F4@D6=6E:G22=Z>56=2D42CDF2D76CC2>6?E2D?@6DE:=@%FDE6C:6?D66 ?V@ 6?E6CC2C D6FD >@CE@D 56 >2?6:C2 C:EF2=\DE:42 &V@ 9S E2>3Z> ?6?9F>2 6G:5[?4:256E6C92G:5@AC6@4FA2XV@6DEZE:42@F>2?:76DE2X`6D2CE\DE:42D@F

564@C2E:G2D2?E6D56>:=2?@D2ECSD

&@ 6?E2?E@ 2 A2CE:C 56DE6 >@>6?E@ E2:D 42C24E6C\DE:42D 7@C2> >@5:7:4252D 56 >2?6:C2 23CFAE2 ,2= >F52?X2 6IA=@D:G2 Z 56?@>:?252 *6G@=FXV@C:2E:G25@(2=6@=\E:4@+FA6C:@C6D642C24E6C:K22?E6D56EF5@ A6=2:?;6XV@56 F>256 F>24C:2E:G:5256:=:>:E2526>E@5@D@DD6E@C6D52 G:52

:?5aDEC:2=\E:42A2DD@F56G:?E6A2C2>2:D56D6E6?E2FE6?D\=:@D,2:D 76CC2>6?E2D?V@6C2>>2:D=2D42D>2DD:>=T>:?2D42C24E6C:K2?5@6DE2 :?5aDEC:25@(2=6@=\E:4@+FA6C:@C&.+(!$P

:?G6?XV@52E64?@=@8:256=T>:?25676CC2>6?E2D56A65C2D:8?:7:4@F AC@G2G6=>6?E6 F>2G2?E286>56?@DD26DAZ4:6BF6D65:DA6CD2C2A2C22

FC@A263@2A2CE652MD:2*'.+

(32)

7C6Bb[?4:2 4@>@ >2EZC:2AC:>2 A2C2 2 723C:42XV@ 56 @3;6E@D FE:=:ESC:@D 6D4F=EFC2D625@C?@D69S>:=2?@D:?:4:2C2>DF22CE6CFA6DEC6

D2\525@ 52M7C:42@4@CC6F6>EC[D8C2?56D6G6?E@D

5:DE:?E@D F>A@CG@=E256 >:=2?@D@FEC@9S46C4256 >:=2?@D6@

a=E:>@9S>:=2?@DAC:>6:C26IA2?DV@@4FA@F2A6?2D@'C:6?E6%Z5:@ &.+(!$P DEF5@D?2D42G6C?2D5@?@CE656!DC26=52E252D6?EC6

6 2?@D2A@?E2>A2C2C6DE@D56 6

BF67@C2>=S6?4@?EC25@D>2DD6>@4@CC[?4:2?@D>6D>@D

6DEC2E@D72F?2 2DD@4:252 >@DEC2BF6BF2?5@ @4=:>2 6DE2G2 7C:@ @D ?62?56CE2:DG:G:2>?2BF6=6=@42=6?BF2?E@BF6BF2?5@6=66DE2G2BF6?E6

CF>2G2>2@?@CE66@ @4FA2G22C68:V@G:?5@52M7C:42

*'.+

?EC6E2?E@ 2FE@C6D 5676?56> BF6 9@FG6 4@6I:DE[?42 6?EC6 2D 6DAZ4:6D

D68F?52 6IA2?DV@ A@C G@=E2 56 >:= 2?@D C6DEC:?8:FD6 2

2>3:6?E6DEC@A:42:D @FG6@4FA2XV@2@=@?8@ 5272:I2564=:>2BF6?E6BF6 24@>A2?92G2@DF=52MD:2232:I@5@ :>2=2:2E6?5@2E:?8:5@@DF56DE6 2D:SE:4@A@CG@=E256 >:=2?@D62FDECS=:26>E@C?@56>:=BF2?5@D6 6DA2=9@F>F?5@27@C2+F2E64?@=@8:2A2C646E6CD:5@7F?52>6?E2=A2C22 4@?BF:DE2562>3:6?E6D>2:D:?^DA:E@D&.+(!$P

S 2?@D6?BF2?E@@D?62?56CE2:DA2564:2>@D

CF>2G2>2@@6DE6A@CE@52FC@A252?5@@C:86>25:76C6?E6DC2X2D4@>@@

C@%28?@? C:>2=5: 92?46=256 6E4 'D 6I6>A=2C6D 56

>2:DC646?E6D52E2>56 2?@D@F>6?@D67@C2>

6?4@?EC25@D?2DA2?926(@CEF82=%&+&.+(!$P

*'.+ D 5:G6CD2DAC@A@DE2D A2C26IA=:42C2D C2K`6D56 D6F

(33)

B C

>D6E6>3C@56 F>27@C>2569@>:?\56@7@:6?4@?EC2526> =@C6DF>2:=9256 <>=@42=:K252?2A@CXV@@C:6?E2=52!?5@?ZD:2 6?EC6@4@?E:?6?E62D:SE:4@6@2FDEC2=:2?@:8FC2 *'/& 6E2=

%'*/''6E2=

:8FC2 %2A2>@DEC2?5@2D:=92D52!?5@?ZD:26C68:V@ @?E6/'&# A%@5:7:425@A6=@2FE@C

6BF:A656A6DBF:D25@C6D@3;6E:G2G2C6E:C2CC6DBF\4:@D526G@=FXV@ 5:DA6CDV@569@>:?\56@D36>4@>@2=E6C2X`6D4F=EFC2:D62>3:6?E2:D?2:=92 BF62AC6D6?E2G26G:5[?4:2D56@4FA2XV@9F>2?256 >:=2?@D

%'*/''6E2= DE2D6G:5[?4:2D6C2>2CE672E@D56A65C2

6?4@?EC25@DA6=26BF:A656%'*/''6>?224:256+@2?@46?EC@

52:=92/'&

A^D2?@D 566D42G2X`6DC6DE@D5@9@>:?\56@7@C2>C6E:C25@D56

(34)

5@>2C Le g+ Leg$*'/& 6E2= %'*/''

6E2= +F26?EC2522AC6D6?E2 >56=2C8FC26>562=EFC22=Z> 56>2:D56 >564@>AC:>6?E@:8FC2 @C>2524@>@ F>242G6C?2 DF3E6CCT?62 A@C 5:DD@=FXV@ 56 42CDE6 D6F =:>:E6 D6E6?EC:@?2= 7@: 6?EV@ 6IA@DE@A6=2:?G2DV@5@*:@/26*242?8DE6C:@2EF2=>6?E65:DE2 >52 42G6C?22=Z>566DE2C >232:I@56$:2?8F2%'*/''6E2=

:8FC2 D42G2X`6D76:E2D?242G6C?256$:2?8F2 @?E6$!*%& A

@>@7^DD6:D9F>2?@D;2>2:D92G:2>D:5@C6E:C25@D52:=924@>2D

76CC2>6?E2D4@?D:56C@FD629:A^E6D656@ E6C4CFK25@2D

AC@7F?52DS8F2DBF6D6A2C2G2>2D:=92D56=@C6D6"2G2=66C2@ a?:4@ 9@>:?\56@ 4@?964:5@ 6?EV@ A@C E6C 923:E25@ 2 C68:V@ DF56DE6 52 MD:2

?2BF6=2ZA@42$!*%&

' BF6 A2C64:2 DFCAC66?56?E6 A2C2 2 6BF:A6 6C2 @72E@ 56 6DE6D 24925@D2A@?E2C6>A2C2@ 4@>@D6?5@F>f?2G6825@CgF>2G6K

(35)

4C[6>BF62DD:>4@>@@FEC@D2?:>2:D6=6DE6C:2>2E:?8:5@2:=924@>32=D2D

?2EFC2:D/'&

D@DD252D:?4=F6> F>6DBF6=6E@A2C4:2=>6?E6AC6D6CG25@6A6=@ >6?@D>6:25aK:256@FEC@D:?5:G\5F@D2EF2=>6?E652E25@D6?EC6 6

2?@D $!*%& >2:@C A2CE6 5@ AC:>6:C@ 6DBF6=6E@

C6E:C25@ 56 ?@>6 $ 7@: 6?4@?EC252 6> F>2 A6BF6?2 SC62 56

2AC@I:>252>6?E6 4>(2CE6D5@6DBF6=6E@2:?526DE2G2>2CE:4F=252D6

2E\3:27=6I:@?252D@3C6@7[>FC@C:6?E2XV@5@6DBF6=6E@6>C6=2XV@Q 6DEC2E:8C27:2=@42=DF86C6BF6@4@CA@E6?92D656D=@425@=:86:C2>6?E6A2C2 32:I@2@=@?8@5@564=:G62?E6D56D6C4@36CE@A@CD65:>6?E@D'6DBF6=6E@Z

6IEC6>2>6?E67CS8:=6?V@7@DD:=:K25@@FC64@36CE@A@C42C3@?2E@564S=4:@6 :?4=F:F>4CT?:@6F>2>2?5\3F=232DE2?E64@>A=6E@D2=Z>52DA6C?2D'D @DD@D52A6C?26DBF6C52>V@D6AZD6DEV@>6?@D4@>A=6E@D6?BF2?E@2 4@=F?2G6CE63C2=@ D24C@2 6D4SAF=2 2D 4=2G\4F=2D 62D 4@DE6=2D6DEV@ C6AC6D6?E25@D2A6?2DA@C7C28>6?E@D+F2>@C7@=@8:2DF86C6D6EC2E2C56

F>27[>6225F=E22=Z>56C6G6=2C42C24E6C\DE:42DAC:>:E:G2D656C:G252D '6DAZ4:>6:?5:42F>9@>:?\56@3\A6564@>G@=F>66?5@4C2?:2?@6

6DE2EFC2D6>6=92?E6D2@D56F> *'/& 6E2=

DE:>2D6 BF6 D6F 4@CA@ 56G6DD6 A6D2C 6> E@C?@ 56 <8

$!*%& '6DAZ4:>6?V@2AC6D6?E2252AE2X`6D>2DE:82E^C:2D

AC6D6?E6D?@D 6 4@>C65FXV@DF3DE2?4:2=52

72466AC@8?2E:D>@2=Z>5656?E6D>6?@C6D+F2A:CT>:56A6EC@D2 Z=:D2 EF3F=2C64@>2=8F>2D2=:[?4:2?V@A@DDF:AC@46DD@6DE:=^:56?6>4C:DE2 G28:?2=+F223^3@524C2?:2?2Z8C2?56632:I22=Z>56>2:D6DA6DD2BF6

6> 6D6>6=92?E6Q56 6 '4CT?:@Z

32DE2?E6C65FK:5@BF2?5@4@>A2C25@225F=E@D56 :?4=F:?5@

6 6Q42=GSC:24C2?:2?256 :8FC2

*'/& 6E2=

=2C8FC2>SI:>25@4CT?:@6?4@?EC2D6?2C68:V@DFAC2>2DE^:5662 23^3@52Z2>A=26>C6=2XV@2DF22=EFC2&2G:DV@A@DE6C:@C2=:?92A2C:6E2=

ZD:>:=2C256 >2D4@>6=6G2XV@4C2?:2?2C65FK:52I2>6D

(36)

+6F4ZC63C@E:?922AC@I:>252>6?E6@E2>2?9@5@56F>49:>A2?KZ 4@>44$!*%& +6FG@=F>646C63C2=2=Z>5636>232:I@

5@ 6DA6C25@ A2C2 @ 8[?6C@ Z :8F2= 2@ >6?@C 6DE:>25@ A2C2 @D

2FDEC2=@A:E64\?6@D6DF2D5:>6?D`6D5@D56?E6D6@D68>6?E@2=G6@=2C52 >2I:=2DV@32DE2?E6C65FK:5@D2=Z>562AC6D6?E2C6>AC@8?2E:D>@ *'/&

6E2=

:8FC2 CT?:@6>2?5\3F=252$?2DG:D`6D=2E6C2=6EC[DBF2CE@D64CT?:@?2D G:D`6D7C@?E2=A@DE6C:@C:?76C:@C6:?76C:@C32CC23C2?42566D42=2A@DDF:F>46?E\>6EC@

(37)

7246 56 $ ?V@ 2AC6D6?E2 2 >2:@C:2 52D 252AE2X`6D >2DE:82E^C:2D 6G:56?E6D 6> 6?BF2?E@ DF2 >@C7@=@8:2 4@>@ F> E@5@

2DD6>6=92D6>2:D2@8[?6C@

' @DD@ :=\24@ D6 2DD6>6=92 2@ 56 BF2=BF6C 9@>:?\56@ 3\A656 6?BF2?E@@\DBF:@?V@ZA2CE:4F=2C>6?E6AC@?F?4:25@

2?2E@>:286C2=5@7[>FC2DD6>6=92D6>2:D256F>

4@>56DG:@D42FD25@DA@DD:G6=>6?E6A6=@D676:E@D2=@>ZEC:4@D52C65FXV@ 4@CA^C62

D42C24E6C\DE:42DDFAC2>6?4:@?252DD@>252D2@FEC2DC6G6=2>BF6 2@DD2524@>3:?226DE2EFC26@G@=F>66?5@4C2?:2?@C65FK:5@D4@> F> >@D2:4@a?:4@5642C24E6C\DE:42DAC:>:E:G2D656C:G252D?@4CT?:@>2?5\3F=2

6A^D4CT?:@*'/& 6E2=

' BF6 E@C?2 @ 24925@ 2:?52 >2:D :?EC:82?E6 Z @ 72E@ 56 525@D 2CBF6@=^8:4@DC6G6=2C6>BF6 6DE6D 9@>:?\56@D 723C:42G2> 76CC2>6?E2D6

42X2G2> 6=672?E6D 6 =282CE@D 8:82?E6D 4@>@ @ C28V@ 56

#@>@5@ E2>3Z> AC6D6?E6D ?2 :=92 -> 4ZC63C@ EV@ A6BF6?@ 56 F> 9@>:?\56@EV@C646?E6BF62EZ723C:4@FE2:DFE6?D\=:@DE[>56D27:25@2=8F>2D

4C6?X2D $!*%& 72F?22DD@4:2524@>A@DE2A@C

4@>>2C42D564@CE66G:56?E6D6>2=8F?D@DD@DC28`6D56#@>@5@ C2E@D6>@C468@D6G:56?4:2>E2>3Z>@ FD@5@7@8@A@C6DE6D9@>:?\56@D

F>2G6KBF69S@DD@D42C3@?:K25@D6D6:I@D2G6C>6=925@DA6=2D492>2D

%'*/''6E2=

?EC6E2?E@ 2 8C2?56 G2C:2XV@ ?@ G@=F>6 46C63C2= 6> 9F>2?@D >@56C?@DD68F?5@2=8F?DA2C6462E6DE2CBF62A2CE:C5646CE@E2>2?9@D6F

2F>6?E@?V@>2:D:>A=:426>AC@A@C4:@?2=2G2?X@52:?E6=:8[?4:26D:>2

@C82?:K2XV@ 56 DF2D C656D :?E6C?2D (C@G2 5:DD@ Z 2 C6=2XV@ ?V@

56>@?DEC252 6?EC6 2F>6?E@ 46C63C2= 6 :?E6=:8[?4:2 ?2 4@>A2C2XV@ 5@ E2>2?9@5@4ZC63C@562=8F>2DA6DD@2D>2:D:?E6=:86?E6D4@>@FEC@D56 A6DD@2D?@C>2:D

>2:@C:2 5@D 2CE672E@D 56 $:2?8 F2 Z 7@C>252 A@C D:>A=6D 76CC2>6?E2D76:E2D56C@492DGF=4T?:42D6BF2CEK@?V@>2:D2G2?X252DBF6 2D AC@5FK:52D A@C 2FDEC2=@A:E64\?6@D 6 AC:>:E:G@D &@ 6?E2?E@ 2D

(38)

:?4=F:?5@A@?E2D4@>3@>24232>6?E@=@?82D=2?X2D7FC25@C6D6A6BF6?2D

=2?X2D /'& :8FC2

:8FC2 @>A=6I2D76CC2>6?E2D2EC:3F\52D2@fg

@?E6/'&# A%@5:7:425@A6=@2FE@C

%F:E@D5@D@DD@D56 A6CE6?4:2>2:?5:G\5F@D;@G6?DBF6

A@56C:2>E6CD:5@EC2K:5@DA@C2A6?2D F>9@>:?\56@&@6?E2?E@2=8F?D A6CE6?4:2>225F=E@DA6D2?5@>2:D56>6:2E@?6=25272K6?5@4@>BF62 42X26@EC2?DA@CE656>2?52DD6>2E:G:52564@@C56?2526>8CFA@ d@BF6 AC@G2G6=>6?E6C6BF6C:2=:?8F286>/'&

7:>566?4@?EC2CC6DA@DE2DA6DBF:D25@C6D9:A@E6E:K2>246C4256 DF2DA@DD\G6:D@C:86?D+68F?5@6DE6D2FE@C6D@ f @>6>56=@C6DgE6C:2 6G@=F\5@56 F>26DAZ4:6?V@>@56C?2AC@G2G6=>6?E6 F>

2EC2GZD56F>AC@46DD@4@?964:5@4@>@f?2?:D>@:?DF=2Cg4@>F>6>:=92D 4@>@256=@C6DDE6676:E@D64@?D:DE66>F>2C65FXV@4@CA@C2=>65:2?E6 8C2?56DAC6DD`6D$!*%& :^=@8@DE[>?@E25@BF6>2>\76C@D

(39)

AC6DF>:G6=>6?E6 4@>@ F>2 252AE2XV@ 6> C6DA@DE2 2 =:>:E2XV@ 56 DFAC:>6?E@D2=:>6?E2C6D=6DE6C:2>A@F4@2A6C56C F>2G6KBF66DE6D 2>3:6?E6D23C:82>A@F4@DAC6525@C6DD6?5@BF66>=@C6D@ a?:4@2=Z> 5@C28V@56#@>@5@ZF>@FEC@8C2?56=282CE@>@?:E@C?:>2:D>6?@C6D BF64@6=9@DA@C@FEC@=25@E6?56>22E:?8:CAC@A@CX`6D36>>2:@C6DE2=G6K A@CBF6 8C2?56D 4@CA@D D6;2> >2:D 6?6C86E:42>6?E6 67:4:6?E6D BF6 @D A6BF6?@D$:2?8F2E2>3Z>2A@?E2A2C26DE26G:5[?4:24@>D6FDC2E@DEV@

C@3FDE@DBF2?E@4@6=9@D /'& :8FC2

:8FC2 *6AC6D6?E2XV@ 56 4C:2EFC2D 4@> 2=E6C2X`6D 56 E2>2?9@ A@C DFA@DE2>6?E6G:G6C6>6>:=92D

@?E6/'&# A %@5:7:425@A6=@2FE@C

:5Z:256BF69F>2?@DE:5@D4@>@F>8CFA@42A2K563FC=2C>F:E2D 52DAC6DD`6D 56D6=6XV@ZA@DE22AC@G2F>2G6KBF66DE6DE2>3Z>E6C:2> D:5@DF3>6E:5@D2@A25CV@562=E6C2XV@52DAC@A@CX`6D4@CA^C62D@3D6CG25@ ?2:=92 F>2?@DD@356E6C>:?252D4@?5:X`6DC6DA@?56>567@C>2D:>:=2C 2@D@FEC@D2?:>2:D>65:2?E6AC6DD`6D2>3:6?E2:D ,2=@3D6CG2XV@A@56D6C 76:E26>@FEC@7^DD:=6D42G25@6> '5:>:?FE@4CT?:@56

6?4@?EC25@6>'=@C86D2:=:6?@#6?J2DF86C6BF6@8[?6C@A@5:2=:52C

(40)

E2>2?9@4@>@C6DA@DE22AC6DD`6D52>6D>2>2?6:C2BF6A@56E6C@4@CC:5@

4@>@fg/'&

> 4@?EC2A2CE:52 @FEC2 6D4@=2 A2=6@2?EC@A@=^8:42 5676?56 BF6 @D @DD@DE6?92>A6CE6?4:5@2F>2A@AF=2XV@A2E@=^8:42569F>2?@DA:8>6FD 4@>2=8F>2D\?5C@>6BF6:?4=F2>:4C@4672=:2$!*%&

->2A6DBF:D22A@?E2A2C222DD:>6EC:2?@4CT?:@724:2=64CT?:@6 :?5:425@C6D564C6D4:>6?E@2?@C>2=656D6?G@=G:>6?E@2=Z>56@D4CT?:@D D6C6>D6>6=92?E6D4@>@D52A@AF=2XV@2FDEC2=@>6=2?6D:2?2 "'6E2=

S6DEF5@DBF627:C>2>BF6@ f @33:Eg d?@>6525@2@D7^DD:6D56 $:2?8F26>C676C[?4:22@DD6C6D5:>:?FE@D5@D=:GC@D56"**,@=<:6? d

?V@56D46?565@ @FD6;24@?4=F6>BF6D6EC2E256 F>2

A2E@=@8:2*'.+

-> EC232=9@E@52G:256D6?G@=G6F2?S=:D6D>ZEC:42D6?V@>ZEC:42D

FD2?5@@4CT?:@6A^D4CT?:@52$64@?4=F:F?V@D6EC2E2C56F>26DAZ4:6 4@?964:52@F56 F>9F>2?@4@>>:4C@4672=:2@DD2527@:DF3>6E:522 4@>A2C2X`6D 4@> C646?E6 5@:D 9F>2?@D 4@> >:4C@4672=:2 F>

fA:8>^:56g 6D42G25@ 56 @FEC2 42G6C?2 56 =@C6D :?4=F:?5@

A:8>6FD27C:42?@D652!=9256?52>2? 6

@?4=F:FD6BF62a?:42D:>:=2C:52564@>F> 4@>>:4C@4672=:2Z@

C65FK:5@ G@=F>6 6?5@4C2?:2?@ =Z> 5:DD@ E2>3Z> ?V@ 2AC6D6?E2 AC@I:>:52564@>2D>@C7@=@8:2D56A:8>6FD@FA:8>^:56D(6=@4@?ECSC:@ 2AC6D6?E2 42C24E6C\DE:42D A25C`6D 56 C646?E6D ' 6DEF5@ E2>3Z>

27:C>2BF6@ f g?V@E6C:26G@=F\5@5@ F>2

G6KBF66=6D5:G6C86>4@?D:56C2G6=>6?E6?@7@C>2E@5@4CT?:@8C2F56 AC@8?2E:D>@6AC@A@CX`6D5@D>6>3C@D>@C7@=@8:25@4CT?:@52$5:76C6 56BF2=BF6C6DAZ4:656 2C42:4@DF3>6E:5@2@6DEF5@?@6?E2?E@9S

:?5\4:@D56>2:@CD:>:=2C:52564@>

"S D6FA^D4CT?:@6I:36AC@A@CX`6D5@D>6>3C@DBF6D62DD6>6=92> QD56 4@> F>CS5:@ =@?8@6> C6=2XV@ 2@7[>FC

*- 6E2=

(41)

^C8V@D6C:2EV@A6BF6?@BF67F8:C:252DC6=2X`6D566D42=26?EC64ZC63C@6 E2>2?9@4@CA^C6@4@?964:52D

@=@?8@52D6DAZ4:6D28C2?56K25@4ZC63C@4@>C6=2XV@Q4@CA@C2= @3656462F>2C2KV@56 6DE27@C>2D6$7@CF>9F>2?@56 <8 4@>?2?:D>@@6DA6C25@A2C2D6F4ZC63C@D6C:2 446?BF2?E@D67@C

F>42D@56?2?:D>@6> @6DA6C25@D6C:256 2 44

32DE2?E656DE@2?E65@G@=F>66?4@?EC25@?@6DAZ4:>6$!*%&

?EC6E2?E@ F>:>A@CE2?E66DEF5@AC@A`6BF62C65FXV@5@E2>2?9@ 42FD252 A@C ?2?:D>@ :?DF=2C ?V@ D68F6 E2= AC@A@C4:@?2=:5256 @C2> 4@>A2C25@D >@C7@>6EC:42>6?E6 7^DD6:D 56 9:A@A^E2>@D BF6 G:G:2> ?@ 4@?E:?6?E64@>@DBF66?EV@923:E2G2>2!=9256%25282D42C&@D:?5:G\5F@D 52:=922AC@A@CXV@6?EC628C2?56K25@4ZC63C@625@4@CA@D6>2?E:?92?@ G2=@C56 2A^D@4C6D4:>6?E@D6CC65FK:5@?2:?7T?4:26 BF2?5@@

4C6D4:>6?E@56D56@?2D4:>6?E@Z4@?D:56C25@/+,'&$!+,*

S4:6?E:DE2DBF6AC@A`6>BF6$Z F>2G6CDV@2?V52D7[>62D56

56>2?:D:6@C8:2BF6A@DDF\2> <86G@=F>6D46C63C2:D

42=4F=25@D6?EC6 6 44&@6?E2?E@>6D>@6DE2AC@A@DE2:>A=:42C:2 6>F>2C65FXV@6>E@C?@56A@CBF6@>6?@C4CT?:@56 E6>

44$!*%&

'AZ56$7@:@3;6E@566DEF5@D>:?F4:@D@D BF64@?4=F\C2>BF6D6 EC2E256F>2?@G26DAZ4:6>2=8F?D2DA64E@D6=6Z32DE2?E69F>2?@4@>@ @9S=FI2=:?925@4@>@D@FEC@D565@D2A@CXV@46?EC2=5@AZBF62A2C6?E2 A@DDF:CF>D:DE6>2BF6 @A6C>:E27:C>2C@2C4@56A@:D56@42=42?92C56:I2C@ D@=@2=Z>56@D>6E2E2CD@D4@>2D2CE:4F=2X`6DG@=E252DA2C24:>2&@ 6?E2?E@ Z A@DD\G6= @3D6CG2C 42C24E6C\DE:42D AC:>:E:G2D 4@>@ F> AZ

(42)

4:?6>SE:42623:@>64T?:4256DF2>2C4925:76C:25256F>9F>2?@>@56C?@

"-&* 6E2=

:8FC2 .:DE2DDFA6C:@C65@CD2=5@AZ6DBF6C5@56$6>4@>A2C2XV@4@>DF2 E\3:25:C6:E267[>FC6DBF6C5@

@?E6"-&*/$ A

'>@D2:4@5642C24E6C\DE:42DAC:>:E:G2D6>@56C?2D?@AZ56$ Z

D68F:5@?@ C6DE2?E65@6DBF6=6E@E2>3Z>%F:E@D2DA64E@D522?2E@>:2 4@>@26D4SAF=2DV@36>9F>2?@D6?BF2?E@24=2G\4F=24FCE264FCG252@ 9a>6C@C6E@D6>@8C2F?@C>2=56E@CXV@6@AF=D@D:>:6D4@C6>6E6>2@D

2FDEC2=@A:E64\?6@D6 2?46DEC2:D$!*%&

->EC232=9@BF62G2=:@F>@C7@>6EC:42>6?E6@D>6>3C@DDFA6C:@C6D56

D6:D6DAZ4:>6DC6E:C25@D56$:2?8F2$$$$$6$

56>@?DEC@FBF66DE6D6DBF6=6E@D4@>A`6> F>>@D2:4@;2>2:D@3D6CG25@ 6>9F>2?@D>@56C?@DD2F5SG6:D@F4@>A2E@=@8:2D$*+'&6E2=

(43)

E6?926G@=F\5@56F>26DAZ4:62?2E@>:42>6?E6>2:DAC:>:E:G2BF6@

52MD:2ODF86C:5@BF626G@=FXV@E6?92@4@CC:5@2A2CE:C5@

4F;@ 6DBF6=6E@ Z A@F4@ 4@?964:5@ >2D D6>6=92?E6 2@ 56

2FDEC2=@A:E64\?6@D6>5:G6CD@D2DA64E@D@F2:?525@ 4F;2D

42C24E6C\DE:42DDV@36>>6?@D>@56C?2D$!*%&

@C2> E2>3Z> C62=:K252D 2?S=:D6D 52D >2?5\3F=2D 6 56?E6D >2?5:3F=2C6D56$$6$@>A2C2X`6D>@C7@=^8:42D6>ZEC:42D52D >2?5\3F=2D56>@?DEC2C2>BF6DF2D42C24E6C\DE:42D2D:>A656>56D6C6>

4=2DD:7:4252D4@>@ @F ?BF2?E@@ E2>2?9@5@D

>@=2C6D D6 2DD6>6=92 2@D 9F>2?@D >@56C?@D 2 >@C7@=@8:2 5@ 4@CA@ D:?7:D62=ACZ>@=2C6D6@FEC2D@2AC@I:>2>562FDEC2=@A:E64\?6@D6

AC:>:E:G@D'EC232=9@4@?4=F:FBF6f g56:I@F2M7C:422?E6D

526G@=FXV@5@*'/&%

(44)

:8FC2 MCG@C66G@=FE:G25@9@>6>D:>A=:7:4252>@DEC2?5@:?46CE6K2DBF2?E@Q @C:86>5@fg

@?E6$!*%& A

'FEC2D6G:5[?4:2DBF62FI:=:2C:2>8C2?56>6?E6?23FD42A@CC6DA@DE2D

246C4252:56?E:52565@fg6DE2C:2>?26IEC2XV@5@&52

$ >@DEC2D 56 4236=@ 6DEV@ D@3 2?S=:D6 -?:G6CD:5256 56 'I7@C5 6

A6DBF:D25@C6D 5@ f%2I (=2?4< !?DE:EFE6 7@C G@=FE:@?2CJ ?E9C@A@=@8Jg

(45)

!

C:2XV@56F>>2E6C:2=2EF2=:K25@BF623@C5665:D4FE22AC@3=6>SE:42

6>E@C?@5@fgG:D2?5@6?7@42C@DC646?E6D2G2?X@D246C42

(46)

8

76EF2C F> =6G2?E2>6?E@ 3:3=:@8CS7:4@ ?2D 32D6D 56 525@D

5:DA@?:3:=:K25@D?@(@CE2=(6C:^5:4@D(+6@FEC2D32D6D5:DA@?\G6:D @?7C@?E2C 2D :?7@C>2X`6D @3E:52D D@3C6 @ 6DE25@ 2EF2= 6 2D AC:?4:A2:D 5:D4FDD`6D D@3C6 G@=FXV@ 5@ @>6> 6?7@42?5@ @ :>A24E@ BF6 2

56D4@36CE25@fgG6>242CC6E2?5@A2C22A2=6@2?EC@A@=@8:2

=23@C2XV@56F>E6IE@7:?2=D@327@C>256F>2*6G:DV@2D6C6?42>:?9252

A2C2 AF3=:42XV@ 6> A6C:^5:4@ 2AC6D6?E2?5@ @ 6DE25@ 2EF2= 5@D

(47)

4

C2?56D6D7@CX@DE[>D:5@76:E@DA@CA6DBF:D25@C6D565:G6CD2DA2CE6D 5@>F?5@6565:76C6?E6DSC62D27:>56D6C6DA@?56CBF6DE`6DC6=6G2?E6D2 C6DA6:E@52:?4^8?:E2BF66?G@=G62:56?E:52565@D7^DD6:D56$:2?8F2

&@ 6?E2?E@ 6DE2 :>A@CE2?E6 A6C8F?E2 A6C>2?646 9S 2?@D D6> C6DA@DE256G:5@8C2?56DA@=[>:42D6>DF2>@C7@=@8:263:@86@8C27:236> 4@>@ 2 72=E2 56 6G:5[?4:2D >2:D 4@?4C6E2D BF6 A6C>:E2> F> G6C65:4E@ 23D@=FE@

'24925@56>2:D6I6>A=2C6D36>4@?D6CG25@D62A@DD\G6=2?S=:D6 5@ & 5@D 6DAZ4:>6D AC@G2G6=>6?E6 A@DD:3:=:E2CV@ 27:C>2X`6D >6?@D 4@?EC@G6CD2D

(48)

:

*- 6E 2= %:4C@46A92=:4 AJ8>@:5

@C "@FC?2=@7 F>2?G@=FE:@?$@?5@?G?

A '4E

-&*=F6D7C@>@FC4@FD:?DA=2?6E@7E962A6D +4:6?E:7:4 >6C:42?&6H 0@C<A+6AE +A64:2=65:E:@?64@>:?89F>2? 6G@=FE:@?2?5E96C:D6@7:?E6==:86?46

*'/& ( 6E 2= ?6H D>2==3@5:65 9@>:?:? 7C@> E96 $2E6

(=6:DE@46?6@7=@C6D!?5@?6D:2 &2EFC6$@?5@?GA '4E

*'/&(%,$:2?8F2 >2?5:3=6D2?5

>2?5:3F=2CE66E94@?EC:3FE:@?E@E964@>A2C2E:G6>@CA9@=@8J@72?6H

9@>:?:?DA64:6D "@FC?2= @7 F>2? G@=FE:@? $@?5@?A !?

(C6DD

$$" (C:>2E652AE2E:@?2?5G@=FE:@?65+2?:68@

4256>:4(C6DD

'$0* A6?2D>2:D F>26DAZ4:6 a?:42 A25C`6D52 64@=@8:2

6G@=FE:G29F>2?2+V@(2F=@5FDA

'$0* 'D 9F>2?@D 2?E6D 52 9F>2?:5256 F>2 A6CDA64E:G2

6G@=F4:@?:DE2 +V@(2F=@-&+(

.&" (2=6@2?EC@A@=@8J2?5(C:>2E6G@=FE:@?!@H2/>

(49)

*'.+ ,96 @?EC@G6CDJ "@FC?2= @7

:@D4:6?46G?A64

*'.+ F>2?6G@=FE:@?A2A6CA2CE86?6C2=3:@=@8:42=

AC:?4:A=6D 2>36CC2 &2EFC6 2?5 +@4:6EJ @CF> :DA@?\G6= 6>

9EEA3:@D6?D:E:G67FEFC6D@C82F@G6CG:6HDAC:?4:A=6D9F>2?6G@=FE:@?

46DD@6> D6E

**!+'& 6E2= :@=@8:29F>2?2 !?EC@5FXV@ Q 6G@=FXV@

G2C:2XV@64C6D4:>6?E@D9F>2?@D +V@(2F=@&24:@?2=

"'6E 2= (J8>@:5 FDEC2=@>6=2?6D:2? D2A:6?D D<6=6E2=

C6>2:?D 7C@> $:2?8 F2 =@C6D (@AF=2E:@? 277:?:E:6D 2?5 A2E9@=@8:42= 23?@C>2=:E:6D (C@44665:?8D@7E96&2E:@?2=4256>J@7+4:6?46%6=G:==6G

?A"F=J

"-&*+/$6E2=,967@@E@7 &2EFC6$@?5@?

GA%2J

$*+'&+6E2=6D4C:AE:@?D@7 E96FAA6C=:>3D<6=6E@?@7

"@FC?2=@7 F>2?G@=FE:@?$@?5@?A !?(C6DD

$%*,&!+ /0+ ?4:4=@AZ5:25@D5:?@DD2FC@D6

52G:52ACZ9:DE^C:42 +EC2?5@C=:?8#:?56CD=6J

$#0*$/!&* 'A@G@5@=28@@9@>6>DF2D @C:86?D

?2EFC6K267FEFC@ 65C2D\=:25:E@C2-?

$/!&* G@=FXV@ F>2?2+V@(2F=@E96?6F

$!*%&7C@>9625E@E@6 &2EFC6$@?5@?

(50)

%&+ " (2=6@?E@=@8:2 86C2= +V@ (2F=@ 5 2

-?:G6CD:525656+V@(2F=@

%'**!+ '%2424@&F65*:@56"2?6:C@*64@C5

%'*/''%"6E2=C4926@=@8J2?5286@72?6H9@>:?:?

7C@>=@C6D:?62DE6C?!?5@?6D:2 &2EFC6$@?5@?GA

'4E

%'*/'' %" 6E 2= FCE96C 6G:56?46 7@C D>2==3@5:65

9@>:?:?D7C@>E96$2E6(=6:DE@46?6@7=@C6D!?5@?6D:2 &2EFC6$@?5@?

GA '4E

&.+/(!$P$ 'A@G@56$FK:26>3FD425@DAC:>6:C@D

2>6C:42?@D +V@(2F=@=@3@

&(!*"*&(!*( 2?53@@<@7$:G:?8(C:>2E6D

$@?5@?4256>:4(C6DD

('- "&!+ % !+ * " .:52 5@D

.6CE63C25@D 65+V@(2F=@E96?6F

(*', *'* G@=FE:@? H92E E967@DD:=D D2J2?5 H9J:E

>2EE6CD&6H0@C<@=F>3:2-?:G6CD:EJ(C6DD

+ %!,,!?D:89ED:?E@E966G@=FE:@?@79F>2?3:A652=:D>7C@> 6IA6C:>6?E2= DEF5:6D @7 9F>2? 2?5 @E96C AC:>2E6D ,96 "@FC?2= @7

IA6C:>6?E2=:@=@8J2>3C:586G ?A63

+,&'* C3@C62= 3:A652=:D> :? H:=5 49:>A2?K66D

(51)

/+,'&%$!+,*%!?DF=2C5H2C7:D>:?9:AA@D2?52

>@56=7@C3C2:?D:K6C65F4E:@?:? &2EFC6$@?5@?G

A%2J

/'& # ,96 9F>2? @5JDD6J E96 =:EE=6DE 9F>2? +4:6?E:7:4

>6C:42?&6H0@C<A+6AE +A64:2=65:E:@?64@>:?8

9F>2?6G@=FE:@?2?5E96C:D6@7:?E6==:86?46

(52)

Referências

Documentos relacionados

Trabalho de conclusão de curso (bacharelado - Educação Física) - Universidade Estadual Paulista, Instituto de Biociências de Rio Claro Orientador: Mauro Gonçalves..

Trabalho de conclusão (licenciatura – Ciências Biológicas) – Universidade Estadual Paulista, Instituto de Biociências de Botucatu Orientadora: Profª.. Luciana Maria

Trabalho de conclusão de curso (licenciatura - Educação Física) - Universidade Estadual Paulista, Instituto de1. Biociências de

Trabalho de conclusão (Bacharelado - Educação Física) - Universidade Estadual Paulista, Instituto de Biociências Orientador: Luiz Augusto Normanha

Trabalho de Conclusão de Curso apresentado ao Instituto de Biociências da Universidade Estadual Paulista “Júlio de Mesquita Filho” - Câmpus de Rio Claro, para obtenção do grau

Trabalho de Conclusão de Curso apresentado ao Instituto de Geociências e Ciências Exatas - Câmpus de Rio Claro, da Universidade Estadual Paulista Júlio de

Trabalho de conclusão de curso (Ecologia) - Universidade Estadual Paulista, Instituto de Biociências de Rio Claro Orientador: Ederio Dino

Trabalho de conclusão de curso (Bacharelado - Educação fisica) - Universidade Estadual Paulista, Instituto de Biociências de Rio Claro Orientador: Afonso Antonio