plan uniendo fuerzas resumen · plan uniendo fuerzas resumen ... !8!
TRANSCRIPT
#!!
"#$%&'(!)'()*%+&( ,-!
$%&'()(*+,(-(./++
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
!?-!
I6%&)*7+'7.1*7.2&7++
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
[!!
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`(**27&D+%4+,(-(./+0;*F'74(+$6*(4D+=+%4+,(-(./+3%+4(&+X7.(*'(&C!+a%-%.7&+H6%+(>(-A(*+%-+2*+'%**(-37+4(+<*%'](+3%+47&+.24%&+3%+1(-(.%Y7&+H6%+&%+('6%&)(-+'7-+](.<*%D+%-+44%>(*+&(463+](&)(+4(&+'7.6-23(3%&+H6%+-7+)2%-%-+4%)*2-(&?+H6%+-7+)2%-%-+(;6(+17)(<4%D+17*+47&+H6%+.6%*%-+17*+E(4)(+3%+.%32'(.%-)7&+7+%&1%*(-37+6-(+71%*('2B-+H6%+-6-'(+44%;(D+17*+47&+1(3*%&+H6%+]('%-+;*(-3%&+&('*2E2'27&+1(*(+)%-%*+(+&6&+]257&+%-+6-(+%&'6%4(+H6%+-7+ 47&+ 1*%1(*(+ 1(*(+ 4(+ >23(D+ 17*+ 47&+ H6%+ )2%-%-+ 6-+ E(.242(*+ 1(3%'2%-37+ 6-(+ %-E%*.%3(3+'()(&)*BE2'(D+17*+47&+H6%+-7+)2%-%-+6-+16%-)%+3%+A(*A7+1(*(+'*6A(*+6-+*F7D+17*+47&+H6%+'(.2-(-+]7*(&+=+3F(&+%-+'(.17&+4737&7&?+&2-+)*(-&17*)%?+'(**%)%*(&+-2+(6)712&)(&+=+17*+47&+H6%+&('(-+(+&6&+%-E%*.7&+3%+4(&+.7-)(Y(&+%-+](.('(&C++G4+7<5%)2>7+%&+%4+@1A/!BC/2DC+\7+ 56&)7+%&+ 2*+&('(-37+(+-6%&)*(+;%-)%+3%+ 4(+.2&%*2(+37-3%+&%+%-'6%-)*(-C++$%&'()(*+(4+1(F&+'7-+6-+;7<2%*-7+(+&6+4(37C+G4+1(F&+37-3%+47&+'7**61)7&+-7+)2%-%-+'(<23(C+G4+1(F&+'7-+56&)2'2(+=+&2-+2.16-23(3C+++
E-!\(+3@'(3(+1%*323(+
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
S!!
G4+%H6242<*27+3%+173%*%&+](+&237+>64-%*(37C++G-+,(-(./+-7+](=+'7-E2(-A(+%-+4(&+2-&)2)6'27-%&?+H6%+](-+1%*3237+'*%32<2423(3?+%E2'2%-'2(+=+>7'('2B-+3%+&%*>2'27C+++\(+3%.7'*('2(+](+&237+32&)7*&27-(3(+17*+.%'(-2&.7&+(-)23%.7'*/)2'7&C+\(+'7**61'2B-+=+ 4(+2-'(1('23(3+](-+1%*)6*<(37+32%A+(Y7&+>(427&7&+3%4+1(F&+=+-7&+](-+]%']7+.6']7+3(Y7C+^(=+.6']7&+./&+*%)*7'%&7&+H6%+(>(-'%&C++G&(+3%&>2('2B-+-('27-(4+)2%-%+H6%+)%*.2-(*+=+'7**%;2*&%+%4+*6.<7C++!
F-!!b-2%-37+c6%*A(&+
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̀ 6%-+d7<2%*-7+H6%+:(-)%+)737:+3%E2%-3(+47&+2-)%*%&%&+-('27-(4%&+=+47&+](;(+*%&1%)(*C++#"+$"<(! =#$'>9%?+ %&+ 6-+ '7.1*7.2&7+ '7-+ 4(+ &7'2%3(3+ 1(-(.%Y(C+ G&+ 6-+ '7-56-)7+ 3%+(''27-%&+)*(-&E7*.(37*(&+2.17&)%*;(<4%&+H6%+*%H62%*%+,(-(./C++a%-%.7&+H6%+3%5(*+()*/&+4(+2-&%-&2<2423(3+&7'2(4+=+4(+%Z'46&2B-+%-)*%+'263(3(-7&+3%+6-+.2&.7+1(F&C+O%+)*()(+3%+6-2*+E6%*A(&+1(*(+H6%+-(32%+&%+H6%3%+()*/&C++a%-%.7&+H6%+6-2*+ E6%*A(&+1(*(+ '7-&)*62*+ %4+ 1(F&+ '7-+%H623(3+=+ '7-+6-+;7<2%*-7+ '(1(A+3%+7*3%-(*+4(+'(&(C+
!G-!
\(+O%Z)(+c*7-)%*(++\(+46'](+3%+4(&+;%-%*('27-%&+3%+1(-(.%Y7&+36*(-)%+%4+&2;47+ee+E6%+6-(+%171%=(+3%+32;-23(3+-('27-(4+H6%+)6>7+&6+*%'7.1%-&(_+4(+2-)%;*('2B-+)%**2)7*2(4+=+4(+*%'61%*('2B-+3%+-6%&)*7+X(-(4C++04'(-A(*+ 4(+ 2-3%1%-3%-'2(+E6%+6-(+](A(Y(+%Z)*(7*32-(*2(C+\(+f62-)(+c*7-)%*(+H6%+32>23F(+(4+1(F&+E6%+3%**2<(3(+%-+%&%+1*7'%&7+]2&)B*2'7+H6%+'64.2-B+'7-++47&+a*()(37&+a7**257&:X(*)%*C++0]7*(?+-7&+'7**%&17-3%+(+)737&+6-2*+E6%*A(&+1(*(+%4+3%&(EF7+]2&)B*2'7+H6%+2.142'(+6-(+-6%>(+@12'([email protected]!J!71!8./:KC17818C+++G&+4(!%.L21!=3D42.31-!!g6&)2'2(+&7'2(4?+%H623(3+=+717*)6-23(3%&C++\(+O%Z)(+c*7-)%*(+-7+&B47+%&+-6%&)*(+>2&2B-?+%&+(]7*(+-6%&)*(+.2&2B-C++++G&+1*7'6*(*+'72-'23%-'2(&+=+'7-&%-&7&+1(*(+71!3./2:2C0:;4!8.!4C./231!1C2D./2:[email protected]:;4!8.!4C./23D!D3KC77D!410:D417-!+
h!!
G&+1(*(*+4(+'7**61'2B-+=+47&+&7<*%'7&)7&+H6%+-7&+*7<(-+47&+*%'6*&7&+1(*(+6-+.%57*+E6)6*7C+++a%-%.7&+%4+'7.1*7.2&7+3%+%&)(*+(+4(+(4)6*(+3%+-6%&)*7+16%<47+%-+%&)(+'2)(+H6%+4(+]2&)7*2(+17-%+%-+-6%&)*7+'(.2-7C+
6.
\(&+)*(-&E7*.('27-%&+-%'%&(*2(&+
d7<%*-(*+%&+6-+(&6-)7+&%*27C+++G&+&%Y(4(*+%4+*6.<7C+^(=+H6%+)7.(*+3%'2&27-%&+=+-7+](=+.(*;%-+1(*(+4(&+2.1*7>2&('27-%&C+G&+-7+(1*7>%'](*&%+3%4+173%*C++O2+<2%-+%4+7<5%)2>7+%4%')7*(4+%&+;(-(*+4(&+%4%''27-%&+%-+.(=7+3%4+"8!9?+M1J!C4!)3D@;/:2D_+%&%+173%*+ %&+ 1(*(+ )*(-&E7*.(*C+ G4+ '(.2-7+ ]('2(+ %4+ 3%&(**7447+ 2.142'(+ -%'%&(*2(.%-)%+ 4(+)*(-&E7*.('2B-+1*7E6-3(+3%+4(&+2-&)2)6'27-%&+174F)2'(&?+%'7-B.2'(&+=+&7'2(4%&C++a%-%.7&+6-+;*(-+1(F&?+1%*7+-7+>(.7&+17*+<6%-+'(.2-7C+I7+173%.7&+&%;62*+]('2%-37+./&+3%+47+.2&.7C+G4+`6%-+d7<2%*-7+)2%-%+H6%+423%*(*+%&)%+1*7'%&7+3%+)*(-&E7*.('27-%&+-%'%&(*2(&C+G4+`6%-+d7<2%*-7+]('%+=+-7+*7<(C+++G4+ ;7<2%*-7+ %&+ 1(*(+ &%*>2*?+ -7+ 1(*(+ (1(3*2-(*+ %-*2H6%'2.2%-)7&+ 24F'2)7&D+ %&+ V)24+ 1(*(+ 47&+1(-(.%Y7&?+1*7'6*(+H6%+47&+2-)%*%&%&+3%4+1(F&+>(=(-+17*+3%4(-)%?+](=+H6%+3%E%-3%*47&+=+-7+&7-+-%;7'2(<4%&C++X7->7'(.7&+ (+ )737&+ 47&+ 1(-(.%Y7&+ (+ 6-2*+ E6%*A(&+ 1(*(+ )*(-&E7*.(*+ ,(-(./+ %-+ %4+ 1(F&+1*B&1%*7?+3%+4%=+=+7*3%-?+(4+H6%+)737&+(&12*(.7&C++
+
i!!
F!)+N9'$%!J!,!$%&'$NN9!!!
\(&+(''27-%&+1(*(+)*(-&E7*.(*+,(-(./+3%4+1*BZ2.7+;7<2%*-7+(16-)(-+(+.%57*(*+4(+'(423(3+3%+>23(+3%+4(+E(.242(+1(-(.%Y(C++O%*/+6-(+;%&)2B-+V)24?+%E2'2%-)%?+'(1(A?+=+3%+&%*>2'27+(+)737&+47&+'263(3(-7&?+1*2-'21(4.%-)%+(+47&+./&+-%'%&2)(37&?+(+iii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g6&)2'2(+=+47&+(17*)%&+3%+4(+X7-'%*)('2B-+I('27-(4+1(*(+%4+N%&(**7447C++++$%&1%)(+4(+&%1(*('2B-+3%+47&+173%*%&C+j+%&+6-+;7<2%*-7+'7-+4(+;%-)%C++d7<%*-(*+%&+6-+(&6-)7+&%*27C++?-!$%&9<(!<$!<$'$TU(P!<$!N$V!V!('<$"_+G&+-%'%&(*2(+6-(+*%E7*.(+3%4+G&)(37?+H6%+2.142'(+4(+(3%'6('2B-+3%+4(&+2-&)2)6'27-%&+(+&6+.2&2B-+3%+&%*>2'27+1V<42'7D+6-+G&)(37+3%+4%=+=+7*3%-+=+6-+&2&)%.(+3%+56&)2'2(+'7-E2(<4%+=+%E2'2%-)%C+O%*+%4+1(F&+3%'%-)%?+46'](-37+E*7-)(4.%-)%+17*+3%)%-%*+(+4(+'7**61'2B-D+>2>2*+%-+6-(+&7'2%3(3+'7-+&%;6*23(3+'263(3(-(C+++
U!!
O%+](+3%&(**744(37+6-(+'64)6*(+174F)2'(+3%+'42%-)%42&.7?+'7**61'2B-+%+ 2.16-23(3C+GZ2&)%+6-(+3%&'7-E2(-A(+'263(3(-(+;%-%*(42A(3(C+G4+1(-(.%Y7+-7+&%+&2%-)%+*%1*%&%-)(37+17*+6-+;7<2%*-7+H6%+1(*%'%+&%*>2*+(+4(+'4(&%+174F)2'(+=+(+2-)%*%&%&+%'7-B.2'7&+1(*)2'64(*%&?+=+-7+(4+<2%-+'7.V-C++G-+47&+V4)2.7&+32%A+(Y7&?+%4+%5%*'2'27+3%4+173%*+3%+.(-%*(+%Z'%&2>(?+&2-+>(47*%&+=+'7-+%4+'7-)*74+ 3%4+ G5%'6)2>7+ &7<*%+ 47&+ 7)*7&+ k*;(-7&+ 3%4+ G&)(37?+ %>2)B+ %4+ (>(-'%+ %-+ 4(+2.14%.%-)('2B-+3%+('6%*37&+'7-&%-&6(37&?+'7.7+%4+,(')7+3%+G&)(37+17*+4(+g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g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b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d(*(-)2A(*%.7&+%4+3%*%']7+6-2>%*&(4+(+4(+&(463+'7-+6-+&2&)%.(+1V<42'7+3%+&(463+.73%*-7?+%H62)()2>7?+ %E2'2%-)%?+ &%;6*7+ =+ ]6.(-7+ H6%+ (>(-'%+ 17*+ %)(1(&+ '77*32-(3(&+ ]('2(+ 6-+
9!!
&2&)%.(+2-)%;*(37+'7-+&%*>2'27&+3%+'(423(3+P)*()(*+(+4(+;%-)%+'7.7+;%-)%Q?+'7-+6-(+;%&)2B-+)*(-&1(*%-)%?+&2-+1*2>()2A(*47C++,(&(*%.7&+ 3%4+ l4D! M1JZ! 17! [/A! M1J\+ %-+ .%32'(.%-)7&?+ 6-2E2'(-37+ 4(&+ '7.1*(&+ %+2.14%.%-)(-37+1*7;*(.(&+3%+2->%-)(*27+=+47;F&)2'(C++a*(-&E7*.(*%.7&+%4+TN00I?+&2-+1*2>()2A(*47?+1(*(+H6%+<*2-3%+(+47&+1(-(.%Y7&+%4+&%*>2'27+H6%+&%+.%*%'%-+3%+6-(+.(-%*(+%E2'2%-)%+=+&7&)%-2<4%C++T->%*)2*%.7&+ %-+ .%57*(*+ %4+ &%*>2'27?+ 4(+ *%1(*('2B-+ 3%+ 4(&+ E6;(&+ P[8mQ+ =+ 4(+ ()%-'2B-+717*)6-(+3%+47&+*%17*)%&+'263(3(-7&C++W(-)%-3*%.7&+ 6-+ 2->%-)(*27+ 3%+ 47&+ 1*2-'21(4%&+ *%16%&)7&+ '*F)2'7&+ =+ %&)(<4%'%*%.7&+1*7;*(.(&+1%*2B32'7&+3%+.(-)%-2.2%-)7+1(*(+1*%>%-2*+47&+3(Y7&C++,7-3*%.7&+ %-+ .(*'](+ 174F)2'(&+ *%4()2>(&+ (+ 4(+ .65%*?+ 4(+ -2Y%A?+ 4(+ 56>%-)63?+ (364)7&+.(=7*%&?+'4(&%+.%32(?+1%*&7-(&+'7-+32&'(1('23(3?+(E*71(-(.%Y7&?+16%<47&+7*2;2-(*27&?+'64)6*(?+3%17*)%?+.%327+(.<2%-)%?+>2>2%-3(+=+6*<(-2&.7C++
!8!!
"#$%&'(!T(W)'(W+%(!,?G!9TT+("$%!)'+('+&9'+9%!
,0$0+a$0IOcM$W0$+,0I0Wn!!!
+-!$N!R#$"!S(R+$'"(! ,-! )714![W:/:;4!)14156Z+1(*(+%4+*%&'()%+=+1*7.7'2B-+3%+ 4(+ 2.(;%-+3%+,(-(./+(+-2>%4+
.6-32(4?+.%32(-)%+ 4(+'7-E7*.('2B-+3%+6-+%H6217+ 2-)%;*(37+17*+1(-(.%Y7&+3%4+&%')7*+1V<42'7+=+1*2>(37?+'7-+<(&%+(+6-(+>2&2B-+=+%&)*()%;2(+3%E2-23(C++
+?-! X*%(*+%4+-6%>7+[+4/2:2C2D!8.!)714:]:010:;4!@131!.7!<./133D77DZ+(3&'*2)7+(+4(+,*%&23%-'2(+
3%+4(+$%1V<42'(C++
E-! )3DK3151! [)D4K65D4D/! 17! <A1Z+ .%32(-)%+ %4+ '6(4+ &%+ '(-'%4(*/-+ (4*%3%37*+ 3%+ .24+.2447-%&+H6%+%4+G&)(37+(3%63(+(+&6&+1*7>%%37*%&+1(*(+*%(')2>(*+4(+%'7-7.F(C+!
F-! )3DK3151![)14156!<:K:217Z+1(*(+*%36'2*+&2;-2E2'()2>(.%-)%+ 4(+2315:2D7DKA1!.L0./:Q1+%-+47&+1*7'%&7&+;6<%*-(.%-)(4%&C+
+G-! $%E7*.(*+ 3%+ .(-%*(+ 2-)%;*(4+ 4(+ N.J! 8.! TD4231210:D4./! )^H7:01/+ 1(*(+ H6%+ %Z2&)(+
)*(-&1(*%-'2(?+*%;4(&+'4(*(&+%+2;6(43(3+3%+'7-32'27-%&+1(*(+%42.2-(*+4(+32&'*%'27-(423(3+3%+47&+E6-'27-(*27&+1V<42'7&C+
+_-! )3DK3151! [N:0:210:D4./! J! TD42312:/21! X:/:H7.Z! 1(*(+ '6.142*+ '7-+ %4+ 7<5%)2>7+ 3%+
)*(-&1(*%-'2(+ =+ *%-32'2B-+ 3%+ '6%-)(&?+ (+ E2-+ H6%+ 4(+ '263(3(-F(+ 16%3(+ &%;62*+ )73(&+ 4(&+%)(1(&+3%+47&+1*7'%&7&+3%+'7-)*()('2B-+1V<42'(?+2-'46=%-37+4(+%5%'6'2B-+=+%-)*%;(C++
+`-! )'()9"9WaP!(3&'*2)(+(4+W2-2&)%*27+3%+$%4('27-%&+GZ)%*27*%&?+ '77*32-(*/+%4+%&E6%*A7+
-('27-(4+1(*(+2.164&(*+4(+1(*)2'21('2B-+3%+,(-(./+%-+4(+%'7-7.F(+2-)%*-('27-(4?+%-+4(+()*(''2B-+ 3%+ 2->%*&27-%&+ =+ 4(+ 1*7.7'2B-+ 3%+ %Z17*)('27-%&?+ (+ E2-+ H6%+ -6%&)*(+ *%3+ 3%+%.<(5(3(&+ =+ '7-&64(37&+ &%+ '7->2%*)(+ %-+ 6-(+ ]%**(.2%-)(+ 3%+ 3%&(**7447+ %'7-B.2'7+ =+&7'2(4C+
+b-! X*%(*+6-(+[(]:0:41!8.!%.KC:5:.42D!8.!T17:]:010:D4./!+42.3410:D417./Z+%-+.()%*2(+3%+
a*(-&1(*%-'2(?+ X42.(+ 3%+ I%;7'27&?+ X7.1%)%-'2(?+W(*'(+ ,(F&?+ O%;6*23(3+ =+ ,*7;*%&7+O7'2(4C++
c-! )714
!!!!
++-!$%&9<(!<$!<$'$TU(P!<$!N$V!V!('<$"!++,,-! ,*7.7>%*+6-(+3.]D351!0D4/2:2C0:D417+H6%+&%+'7-'%-)*(*/+%-+47&+)F)647&+*%E%*%-)%&+(+47&+
)*%&+ k*;(-7&+ 3%4+ G&)(37_+ $B.0C2:QDP! N.K:/712:QD! J! gC8:0:17+ =+ (+ 4(&+ 2-&)2)6'27-%&+ 3%+2->%&)2;('2B-+=+'7-)*74?+(&F+'7.7+%4+<(4(-'%+3%+4(&+*%4('27-%&+3%+173%*+%-)*%+4(&+.2&.(&C++N2'](+*%E7*.(+&%+44%>(*/+(+'(<7+(+)*(>@&+3%+4(+-6%>(+0&(.<4%(+H6%+&%*/+%4%')(+%4+1*BZ2.7+S+3%+.(=7?+.%32(-)%+37&+4%;2&4()6*(&+=+6-+*%E%*@-36.?+)(4+'7.7+47+32&17-%+%4+0*)F'647+#!#?+-6.%*(4+"?+3%+4(+X7-&)2)6'2B-+,74F)2'(+3%+4(+$%1V<42'(+3%+,(-(./C+
+,?-! ,4(-2E2'(*?+32&%Y(*+%+2-2'2(*+4(++'7-&)*6''2B-+3%+4(+1*2.%*(+%)(1(+3%+4(+[T:C818!gC8:0:17Z-!+
+,E-! \(+ &%;6*23(3+ '263(3(-(+ &%*/+ ()%-323(+.%32(-)%+ 6-(+)D7A2:01! +42.K317! 8.!%.KC3:818!
)^H7:01![%.KC3:818!@131!&D8D/Z!H6%+'7-)%.14(+)*%&+E(')7*%&+3%+(''2B-_++!)'$X$"T+*"!!
TD5C4:213:1!+!+ M*;(-2A('2B-+ '7.6-2)(*2(+ 2-)%;*(3(+ 17*+ E(.242(&?+ d7<2%*-7&+ \7'(4%&?+ 2;4%&2(&?+
%&'6%4(&?+ 4F3%*%&+ '7.6-2)(*27&?+ MIdo&+ P'7.7+ g%&V&+ \6A+ 3%+ M17*)6-23(3%&?+W7>2.2%-)7+ I6%>(+ d%-%*('2B-+ =+ 042(37&+ 17*+ 4(+ I2Y%AQ?+ &%')7*+ 1*2>(37?+ E6%*A(+1V<42'(C+
!+ $%E7*A(*+G&'6%4(&+1(*(+,(3*%&C+!+ X*%(*+T.423D/!8.!932.!J!TC72C31!hT9Ti+P.V&2'(?+3(-A(+17164(*?+12-)6*(?+E74p47*%?+
(*)%&(-F(&Q+!+ $/0C.71/!(]:0:17./!8.!<.@D32.+1(*(+32E%*%-)%&+32&'2142-(&C+!+ $5@3./1/! R133:17./jTD5C4:213:1/+ P2.164&7+ (4+ %.1*%-32.2%-)7Q+ =+ `(-'7+ 3%+
M17*)6-23(3%&C+!+ $%'61%*('2B-+ 3%+ -6%&)*7&+ <(**27&?+ %&1('27&+ 1V<42'7&+ '7-+ 246.2-('2B-?+ 12-)6*(?+
42.12%A(?+&%Y(42A('2B-+!+ 06.%-)(*+47&+T.423D!8.!92.40:;4!+42.K317!@131!71!)3:5.31!+4]140:1!hT9+)+i-!!+ X*%(*+ [9018.5:1/! +42.3418D! $40D423148D! .7! RC.4! T15:4DZ+ '7-+ E7*.('2B-+
2-)%;*(4+=+32&'2142-(?+%-+'77*32-('2B-+%-)*%+%4+W2-2&)%*27+3%+G36'('2B-?+W2-2&)%*27+3%+O%;6*23(3+=+WTNGO?+%-+X]2*2H6F?+`7'(&+3%4+a7*7?+X74B-?+J%*(;6(&?+,(-(./+M%&)%?+,(-(./+G&)%+=+O(-+W2;6%42)7C+
+)D7:0:17!+!+ ,(*(+(-)2'21(*+ 47&+3%42)7&+=+(17=(*+%.%*;%-'2(&+3%+.(-%*(+%E%')2>(?+ &%+'*%(*/+%4+
T.423D!+42.K317!&602:0D!8.!92.40:;4!+45.8:121!hT+&9+i!1(*(+6-+*/1237+3%&142%;6%+3%+4(&+E6%*A(&?+%-+E7*.(+'77*32-(3(+()%-3%*+(3%./&+3%+4(+.2)2;('2B-+3%+1*7<4%.(&+3%+&(463?+)(.<2@-+]%']7&+3%42')2>7&?+(''23%-)%&+3%+)*/-&2)7+=+'6(4H62%*+7)*7+%>%-)7+H6%+2.1(')%+4(+>23(+'263(3(-(C+XS+3%+>%*3(3C+
!+ T.164&(*+=+E7*)(4%'%*+4(+,742'F(+X7.6-2)(*2(C+!+ 06.%-)(*+%4+12%+3%+E6%*A(+1742'2(4C+^(<*/-+56/!@D7:0A1/!.4!2C!H133:D?+'7.6-23(3+=+
'7.%*'27&C+
!"!!
!+ 0-)2'21(*+4(+(''2B-+'*2.2-(4+E7*)(4%'2%-37+4(&+'(1('23(3%&+3%+:42.7:K.40:1!@D7:0:17!J!2.04D7DKA1-!
!+ GH621(.2%-)7+=+<2%-%&)(*+3%+4(+E6%*A(+1V<42'(C++
'$)'$%+*"!+!+ ,%*&%;62*+3%+.(-%*(+'7-)6-3%-)%+(+47&+(')7*%&+3%4+3%42)7?+%-+%&1%'2(4+%-+47&+'(&7&+
3%+ )*/E2'7+ 3%+ 3*7;(&?+ <4(-H6%7+ 3%+ '(12)(4%&?+ '*2.%-+ 7*;(-2A(37?+ *7<7+ =+ (<6&7&+&%Z6(4%&C+
!+ c7*)(4%'%*+=+37)(*+3%+./&+*%'6*&7&+(4+O2&)%.(+,%-(4+0'6&()7*27+PO,0QC+a2%-%+H6%+](<%*+'%*)%A(+3%4+'(&)2;7C+
+'$%(T+9N+>9T+*"!
+!+ N%)%-%*+%4+'F*'647+>2'27&7+3%+4(+*%2-'23%-'2(+3%+47&+1*2>(37&+3%+42<%*)(3+%-+*%)7*-(*+(+
4(&+'/*'%4%&C++G4+hSm+3%+47&+1*2>(37&+3%+42<%*)(3+H6%+'6.14%-+&6+'7-3%-(?+*%;*%&(-+(+4(+'/*'%4C+
!+ X*%(*+ 4(&+<(&%&+1(*(+H6%+ 47&+'%-)*7&+1%-2)%-'2(*27&+&%+'7->2%*)(-+%-+>%*3(3%*7&+'%-)*7&+3%+*%&7'2(42A('2B-?+%-+46;(*+3%+&%*+6-2>%*&23(3%&+3%4+'*2.%-C++
!+ ,*7'6*(*+H6%+H62%-%&+'6.14(-+'7-+&6+'7-3%-(+%-+6-+'%-)*7+1%-2)%-'2(*27+16%3(-+)%-%*+ 717*)6-23(3%&+ 1(*(+ *%2-&%*)(*&%+ %-+ 4(+ &7'2%3(3?+ (+ )*(>@&+ 3%+ 1*7;*(.(&+ 3%+1*%1(*('2B-+%-+>(47*%&+=+1(*(+%4+)*(<(57+=+'7-+%4+(17=7+3%+%H6217&+2-)%*32&'2142-(*27&?+P&7'2B47;7&?+1&2'B47;7&?+)*(<(5(37*%&+&7'2(4%&?+'*2.2-B47;7&?+%-)*%+7)*7&CQ++
!+ X7-&)*62*+ -6%>7&+ '%-)*7&+ 1%-2)%-'2(*27&+ H6%+ '6.14(-+ '7-+ 47&+ %&)/-3(*%&+2-)%*-('27-(4%&C+
!+ c7*)(4%'%*+4(&+(42(-A(&+H6%+&%+)2%-%-+'7-+MIdo&+=+%4+&%')7*+1*2>(37+%-+*%4('2B-+'7-+47&+1*7;*(.(&+3%+717*)6-23(3+4(<7*(4C+
+++
+++-!$T("(W+9!T(W)$&+&+X9!Y#$!S$"$'$!$W)N$(%!++,F-! )3DK3151! [)3:5.3! [email protected]@3.48.3! U10:.48DZl+ %4+ G&)(37+ (17*)(*/+ 4(+ 2->%*&2B-+
*%4('27-(3(+'7-+4(+'(1('2)('2B-+3%+5B>%-%&?+(+'(.<27+3%+H6%+4(&+%.1*%&(&+(&%;6*%-+&6+'7-)*()('2B-C+032'27-(4.%-)%?+&%+3(*/-+2-'%-)2>7&+E2&'(4%&+(+4(&+%.1*%&(&+H6%+'7-)*()%-+(+5B>%-%&+%-+1*7;*(.(&+3%+1(&(-)F(&+=+1*2.%*+%.14%7C+
+,G-! X*%(*+ %4+R140D!8.!(@D32C4:818./+ 1(*(+ 7)7*;(*+ E2-(-'2(.2%-)7+ =+ ('7.1(Y(.2%-)7+ (+
%.1*%-3%37*%&+'7-+@-E(&2&+%-+1*7=%')7&+3%+.65%*%&+=+5B>%-%&C++
,_-! ,*%&%-)(*+6-+1*7=%')7+3%+4%=+1(*(+%H621(*(*+>D41!N:H3.!8.!TD7;4+'7-+47&+<%-%E2'27&+H6%+]7=+%-+3F(+;7A(+%4+n*%(+G'7-B.2'(+G&1%'2(4+,(-(./+,('FE2'7C+
+,`-! ,*%&%-)(*+6-+1*7=%')7+3%+N.J!8.!+48C/23:1/!T3.12:Q1/+1(*(+%4+3%&(**7447+=+E7.%-)7+3%+
4(+%'7-7.F(+-(*(-5(?+4(+'6(4+2-'46=%+4(+%'7-7.F(+'64)6*(4?+ 4(&+2-36&)*2(&+'*%()2>(&+=+4(&+/*%(&+3%+&717*)%C++
!#!!
,b-! $%)7.(*+'7-+E6%*A(+-6%&)*(+'(.1(Y(+[)1415.mD!0D4!D3KC77D!0D4/C5.!7D!2CJDZ?+1(*(+)73(+4(+1*736''2B-+-('27-(4?+P(;*71%'6(*27?+2-36&)*2(4?+WT,jWGO?+(*)%&(-(4?+%-)*%+7)*(&QC++
+,c-! X7-&)*62*+6-(+)D7A2:01!8.!$/218D+&7&)%-2<4%+H6%+1%*36*%+%-+%4+)2%.17+=+4%+3%+*6.<7+(4+
&%')7*+36*(-)%+47&+1*BZ2.7&+"8+(Y7&?+P9K3D!?fkFfQC+++
?f-! G&)(<4%'%*+ 17*+ 3%'*%)7+ %4+ S1H:4.2.! [email protected]:D! ).3514.42.?+ 32*2;237+ 17*+ %4+,*%&23%-)%+3%+4(+$%1V<42'(+1(*(+6-(+%E%')2>(+'77*32-('2B-+3%+)73(&+4(&+2-&)2)6'27-%&+H6%+2-'23(-+%-+%4+&%')7*+(;*71%'6(*27+=+%4+47;*7+3%+47&+7<5%)2>7&+3%+4(+174F)2'(+(;*71%'6(*2(C+0+4(&+*%6-27-%&+3%4+;(<2-%)%+&%*/-+2->2)(37&+;*%.27&+=+(&7'2('27-%&+3%4+&%')7*+1*2>(37C+
+?,-! X*%(*+%4+X:0.5:4:/2.3:D!8.!)3D8C00:;4!J!9K3D2.04D7DKA1+%-+%4+WTN0C++??-! ,*%&%-)(*?+%-+47&+1*2.%*7&+!"8+3F(&?+6-+1*7=%')7+3%+4%=+1(*(+.7:5:413!9#)%9!J!!3.K3./13!
/C/!]C40:D4./!J!3./@D4/1H:7:818./!17!W+<9!J!17!W+"%9-!!!!! $%&'()(*%.7&+ 4(&+ N2*%''27-%&+ 3%+ O(-23(3+ J%;%)(4?+ O(463+ 0-2.(4+ =+ X6(*%-)%-(+
0;*71%'6(*2(?+'7-+)%'-747;F(?+%H6217+=+*%'6*&7&+]6.(-7&?+1(*(+1*7)%;%*+4(+&(463+=+>23(+3%+47&+]6.(-7&+=+%4+1()*2.7-27+(-2.(4+=+>%;%)(4C+
!! G-+%4+)%.(+3%+2.17*)('2B-+3%+(42.%-)7&+&%+'6.142*/-+4(&+-7*.(&+)@'-2'(&+=+'2%-)FE2'(&+%-+.()%*2(+ &(-2)(*2(+ =+ E2)7&(-2)(*2(?+ =+ 47&+ ('6%*37&+ '7-+ 4(+ MWX+ =+ &%+ (')6(*/+ '7-+)*(-&1(*%-'2(C+
+?E-! X7.1*(*+@3D8C02D/!410:D417./+3%+'(423(3+1(*(+(42.%-)('2B-+%-+%&'6%4(&?+]7&12)(4%&?+
E6%*A(+1V<42'(+=+'/*'%4%&?+2-'46=%-37+%4+,*7;*(.(+[$/2C8:13!/:4!U15H3.Z-++
?F-! X*%(*+[W.3018D/!8.7!T15@D!1!71!W./1ZP+E7.%-)(*+.%*'(37&+'7.6-2)(*27&+=+1%*2E@*2'7&+%-+ 47&+ 1*2-'21(4%&+ '%-)*7&+ 3%+ 17<4('2B-?+ %-+ ('6%*37+ '7-+ 47&+ d7<2%*-7&+ \7'(4%&+ 1(*(+1*7>%%*+1*736')7&+3%+'(423(3+=+(+1*%'27&+(''%&2<4%&+(+4(+17<4('2B-+-('27-(4?+('%*'(-37+47&+1*736')7*%&+(+47&+'7-&6.237*%&C+
+?G-! [email protected]:2:Q:818!8.!7D/!0.423D/!@D/k!0D/.0M1_+
+!! ,*27*2A(*+%4+%H621(.2%-)7+=+E6-'27-(.2%-)7+3%+)737&+47&+'%-)*7&+17&):'7&%'](C+!! X64.2-(*+4(+'7-&)*6''2B-+3%4+W.3018D!8.!TM:23n!J!8.!N1!TMD33.31!J!8.!71!\41Q.!8.!
@3D0./15:.42D\!.4!W$'T9!)14156-+!! N7)(*+47&+&%*>2'27&+3%+)*(-&17*)%+*%E*2;%*(37+3%&3%+47&+'%-)*7&+3%+17&):'7&%'](+](&)(+
47&+.%*'(37&+)%*.2-(4%&?+1(*(+.(-)%-%*+4(+'(3%-(+3%+E*F7+H6%+1*%&%*>%+4(+'(423(3+3%4+1*736')7C+
+?_-! )3DK3151
![!!
?c-! )3DK3151!KUC.321/!9K3D.0D7;K:01/!=15:7:1/!#4:81/Z+1(*(+4(+1*736''2B-+3%+(42.%-)7&+3%+(6)7'7-&6.7+=+&6&+%Z'%3%-)%&+1(*(+>%-)(C+
+Ef-! 06.%-)(*+ 4(+ 2->%*&2B-+ 1V<42'(+ )7)(4+ %-+ .()%*2(+ 3%+ '2%-'2(?+ 2--7>('2B-+ =+ )%'-747;F(?+
)%-2%-37+'7.7+.%)(+44%;(*+%-+%4+(Y7+"8"[+(4+,o!8.7!)+R-++
E,-! X*%(*+%4+=D48D!+""(X9&$T+H6%+'7-&2&)%+%-+6-+E7-37+(-6(4+H6%+<*2-3%+'(12)(4+&%.244(++=+ 3%+ *2%&;7+ 1(*(+ 47&+ 32%A+ .%57*%&+ 1*7=%')7&+ 3%+ -6%&)*(&+ 6-2>%*&23(3%&+ %-+ '2%-'2(?+2--7>('2B-+=+)%'-747;F(C++
+E?-! [#4:8D/! @D3! 71! +44DQ10:;4Z+ &%*/+ 6-+ ('6%*37+ %&)*()@;2'7+ 3%+ '771%*('2B-+ %-)*%+ 47&+
'%-)*7&+3%+2->%&)2;('2B-?+6-2>%*&23(3%&?+4(+%.1*%&(+1*2>(3(+=+%4+;7<2%*-7?+<(&(37&+%-+4(+)*(-&E%*%-'2(+3%+ )%'-747;F(+ =+ '7-7'2.2%-)7?+ (+ E2-+ 3%+3%&(**744(*+ 47&+1*2-'21(4%&+124(*%&+&7'2(4%&+=+%'7-B.2'7&+3%4+1(F&C+
+EE-! )3DK3151+[W:/:;4!T:.40:1Z!1(*(+%.173%*(*+(+-6%&)*(+'7.6-23(3+'2%-)FE2'(C+N7)/-3747+
3%+1*%&616%&)7?+'6=7+<%-%E2'27+%+2-'46&7+*%)7*-7+%'7-B.2'7+%&+.6']7+.(=7*+H6%+.6'](+3%+-6%&)*(&+ 2-E*(%&)*6')6*(&C+\(+.2&2B-+'7-&2&)%+%-+ )*(-&E7*.(*+ 4(+<(&%+1*736')2>(+3%4+1(F&+=+&6+'(1('23(3+3%+*%&74>%*+1*7<4%.(&C++
+EF-! )714! [W14D/! 1! 71! (H31Z+ 3%+ *%](<242)('2B-+ =+ .(-)%-2.2%-)7+ 3%+ 4(&+ 2-E*(%&)*6')6*(&+
1V<42'(&+(+-2>%4+1*7>2-'2(4+=+'7.(*'(4?+1*2>24%;2(-37+(+%.1*%&(&+1(-(.%Y(&C+++
EG-! X*%(*+ %4+ =D48D! 8.! W142.4:5:.42D! X:17! h=(W9X+i?+ H6%+ E2-(-'2(*/+ 47&+ 1*7=%')7&+ 3%+*%](<242)('2B-+ =+ .(-)%-2.2%-)7+ 1%*.(-%-)%+ 3%+ 4(+ *%3+ >2(4+ -('27-(4?+ @D3! @3DQ:40:1! J!0D51301/?+ 2-'%-)2>(-37+ 4(+ 1(*)2'21('2B-+ 3%+ %.1*%&(&+ -('27-(4%&C+ G4+ 1*7;*(.(+ 3%+.(-)%-2.2%-)7+3%+2-E*(%&)*6')6*(+3%<%+2.14%.%-)(*&%+%-+%4+1*2.%*+(Y7+3%+;7<2%*-7C+
+E_-! )'+%W9l+,4(-+3%+$%7*3%-(.2%-)7+T-)%;*(4+3%+O(-+W2;6%42)7+=+04*%3%37*%&C+T->%*&2B-+3%+
T-E*(%&)*6')6*(+,V<42'(+=+W7>2423(3?+:407CJ.48D!.7!W.23D01H7.?+X%-)*7&+3%+0*)%?+X64)6*(+=+N%17*)%C+
+E`-! )3DJ.02D! 8.! <3.41B./! #3H14D/?+ %-E7'(37+ (+ .%57*(*+ 47&+ 3*%-(5%&+ 146>2(4%&+
.%)*71742)(-7&+=+.(-%5(*+ 4(&+(;6(&+3%+ 446>2(+%-+A7-(&+6*<(-(&?+%&1%'2(4.%-)%+%-+ 47&+16-)7&+'*F)2'7&+2-6-3(<4%&+3%+4(+'263(3+3%+,(-(./C+
+Eb-! '.8!X:17!8.!)14156!(./2.-+T-'46=%+6-(+>F(+'7&)(-%*(+](&)(+,6%*)7+X(2.2)7R\(+X]7**%*(+
=+'7-%Z27-%&C++
Ec-! )C.42./! @131! .7! )3DK3./D-+ X7-&)*6''2B-+ 3%+ !88+ 16%-)%&+ .7364(*%&+ 1(*(+ '7-%')(*+'7.6-23(3%&+3%+32EF'24+(''%&7C++
Ff-! X7-&)*62*+%4+)C.42.!8.!TDOC:31+%-+X]%17C++
F,-! )714!T177./[email protected]/-++O%''27-%&+-6%>(&+3%+'(**%)%*(&+=+'(44%&?+'7-+'(**24%&+%Z'46&2>7&+3%+W%)*7<V&C+
+F?-! X7-&)*62*+%4+94:77D!).3:]n3:0D+P'2*'6->(4('2B-Q+3%+N(>23?+P$6)(+I7*)%QC+
!S!!
+FE-! X7-&)*62*+4(&+0133.2.31/!93.41/jX.31KC1/!p!&D4D/AjND/!%142D/C+
+FF-! ,*7=%')7&+>2(4%&+1(*(+*%&74>%*+4(&!:42.3/.00:D4./!03A2:01/?+)(4%&+'7.7_+XA1!R31/:7!p!XA1!
$/@1m1P! N1! T1H:51j&314/A/25:01P! )D03Aj9KC18C70.P! UD/@:217! gD/n! <D5:4KD! <.!(H178A1P!%1H14:21P!UD/@:217!":0D76/!9-!%D714DP!.423.!D23D/-!
+FG-! X7-&)*62*+4(&!0133.2.31/!YC.H3181!N;@.I!p!%1421!':21!p!W13A1!TM:OC:21-!h\(+0133.2.31!
1(*(+%4+3%&(**7447+3%+4(!TD/21!933:H1!8.!TD7;4i-!!
F_-! )3DK3151![9/]172148D!&C!<:/23:2DZ-!SS+1*7=%')7&+(+-2>%4+-('27-(4+3%+*%](<242)('2B-+3%+'(44%&C+
+F`-! 0.142(*+(!0C123D!0133:7./!4(!XA1!&314/A/25:01!.423.!X:771!S3.0:1!J!.7!)C.42.!8.!<D4!
RD/0DP!hTM:7:H3.i-!+
Fb-! X7-&)*62*+%4+100./D!Q.M:0C713+3%&3%+4(+X2-)(+X7&)%*(+#+]('2(+%4+X%-)*7+3%+X7->%-'27-%&+3%+0.(37*C++
+Fc-! X*%(*+%4+S1H:4.2.!&C3A/2:0D+1(*(+(42-%(*+(+)73(&+4(&+2-&)2)6'27-%&+;6<%*-(.%-)(4%&+H6%+
2.1(')%-+%4+3%&(**7447+3%4+)6*2&.7?+32*2;237+17*+%4+J2'%1*%&23%-)%+3%+4(+$%1V<42'(C+N2']7+;(<2-%)%+'77*32-(*/+%-)*%+7)*(&?+4(&+%&)*()%;2(&?+1*7;*(.(&+=+1*7=%')7&+3%+2-E*(%&)*6')6*(+)6*F&)2'(C++
Gf-! ,6%&)(+%-+.(*'](+3%4+=D48D!8.!)3D5D0:;4!&C3A/2:01+=+%5%'6'2B-+3%+6-(+./2312.K:1!J!015@1m1! 8.! 5.3018.D! 1! 4:Q.7! :42.3410:D417+ 3%+ '(*/')%*+ 1%*.(-%-)%+ PXII+T-)%*-('27-(4?+ b-2)%3+ I()27-&+ q7*43+ a76*2&.+ M*;(-2A()27-?+ ,(H6%)%&+ '7-+ 0%*74F-%(&?+%-)*%+7)*7&QC++
G,-! )3DK3151![[email protected]!&C3A/2:0DZ+1(*(+1*@&)(.7&+(+%.1*%-3%37*%&+=+,jWGO?+'7-+@-E(&2&+%-+%4+3%&(**7447+3%+1*736')7&+)6*F&)2'7&+(+)*(>@&+3%4+R140D!8.!(@D32C4:818./C+
+G?-! 03%4(-)(*+ ;%&)27-%&+ 1(*(+ 4(+ '7-&%'6'2B-+ 3%+ E7-37&+ 1(*(+ 4(+ '7-&)*6''2B-+ %-+ %4+ /*%(+
.%)*71742)(-(+3%+ 4(+NA4.1!?9+H6%+>(+3%&3%+%4+'*6'%+3%+O(-+W2;6%42)7+ Pd(*2)(+!U8Q+(4+,(*H6%+ b**('/R,(2)244(?+ '7-+ *%'7**237+ + 17*+ 4(+ $2'(*37+ gC+ 04E(*7+ =+ 4(+ (>%-23(+ W(-6%4+G&12-7&(+`()2&)(+=+c%3%*2'7+`7=3C++
GE-! $%(42A(*+4(&+;%&)27-%&+1(*(+H6%+,(-(./+(3H62%*(+6-+RCOC.!$/0C.71!+4/:K4:1+H6%+&2*>(+3%+]%**(.2%-)(+%-+4(+E7*.('2B-+3%+-6%&)*(+;%-)%+3%+.(*C++
GF-! )3DK3151! 8.! [R.01/! @131!T1@10:210:;4! 1! <D0.42./! 8.7! %.02D3!W13A2:5DZ+ %-+ 4(&+.%57*%&+6-2>%*&23(3%&+=+'%-)*7&+3%+E7*.('2B-+3%4+.6-37C++
GG-! )3DK3151!8.+[T1@10:210:;4!513A2:51!.4! :4K7n/!@131!8D0.42./!J!./2C8:142./Z+ 3%+)737&+47&+-2>%4%&C++G&+-%'%&(*27+*%E7*A(*+%4+2327.(+2-;4@&+3%+-6%&)*7&+.(*2-7&C+
!!!!!!!!
!h!!
+X-+T(WR9&$!9!N9!)(R'$>9!V!9!N9!<$%+S#9N<9< ++G_-! )3DK3151![)1/13!8.7!q"D!M1Jq!17!q%r!M1Jq!.4!5.8:015.42D/\+
+!! ,(*(+ H6%+ 47&+ 1(-(.%Y7&+ )%-;(-+ &6&+ .%32'(.%-)7&+ =+ %>2)(*+ '7.1*(&+ 32*%')(&+ (+
&7<*%1*%'27&+(4+G&)(37?+*%(42A(*%.7&+0D5@31/!̂ 4:01/!8.!5.8:015.42D/!.!:4/C5D/+1(*(+%4+&2&)%.(+1V<42'7+3%+&(463+'7-+1*%'27&+3%+*%E%*%-'2(?+(+)*(>@&+3%+6-+[T.423D!"10:D417! 8.! TD5@31! 8.! W.8:015.42D/! .! +4/C5D/ZP+ 2-'46=%-37+ 4(+ 71'2B-+ 3%+'7.1*(*+(+)*(>@&+3%+7*;(-2&.7&+2-)%*-('27-(4%&+'7.7+4(+M,O+=+bIM,OC+
!! ,(*(+6-+(<(&)%'2.2%-)7+%E%')2>7+3%+47&+.%32'(.%-)7&?+17-3*%.7&+%-+%5%'6'2B-+47&+1*7;*(.(&+ 47;F&)2'7&+ =+ )%'-74B;2'7&+ P17*+ %5%.147_+ \Md^MOQ+ 1(*(+ 6-(+ .%57*+14(-2E2'('2B-+=+6-+%E%')2>7+'7-)*74+3%4+2->%-)(*27+3%&3%+4(&+B*3%-%&+3%+'7.1*(?+*%'2<7+%-+3%1B&2)7+=+4(+%-)*%;(+3%+.%32'(.%-)7&+(4+1('2%-)%C+
!! [=13510:1/!)D@C713./Z+%-+47&+<(**27&+=+'7.6-23(3%&+1(*(+7E*%'%*+.%32'(.%-)7&+3%+'(423(3+ =+ &%;6*23(3?+ (+ 1*%'27&+ (''%&2<4%&?+ 1*2>24%;2(-37+ %4+ 6&7+ 3%+ .%32'(.%-)7&+;%-@*2'7&+<27%H62>(4%-)%&C+
!! ,(*(+1*7.7>%*+4(+'7.1%)%-'2(+=+*%36'2*+47&+1*%'27&?+&%+4%&+3(*/+)*/.2)%+%Z1%32)7+(+47&+.%32'(.%-)7&+(1*7<(37&+17*+cN0+3%+G&)(37&+b-237&+=+GW0+3%+4(+b-2B-+G6*71%(C+
!! ,*7.7>%*+ 4(+ 2->%*&2B-+ 3%+ 4(+ 2-36&)*2(+ E(*.('@6)2'(+ -('27-(4+ %+ 2-)%*-('27-(4+ 1(*(+E7.%-)(*+4(+E(<*2'('2B-+3%+.%32'(.%-)7&+%-+,(-(./C+PUCH!=13510nC2:0DQ+
!! ,*7.7>%*+%4+6&7+3%+.%32'(.%-)7&+;%-@*2'7&+<27%H62>(4%-)%&+3%+'(423(3C++!! X*%(*+ %4! (H/.3Q12D3:D! )1415.mD! 8.! W.8:015.42D/+ %-+ '77*32-('2B-+ '7-+
0XMNGXM?+(.142(-37+4(+X(-(&)(+`/&2'(+3%+W%32'(.%-)7&+PX0`0WGNQC+++!! X*%(*+4(+(142'('2B-+[W.8:09@@)14156Z+1(*(+4(+<V&H6%3(+=+'7.1(*(37*+7-42-%+3%+
1*%'27&+=+32&17-2<2423(3+3%+.%32'(.%-)7&?+(+E2-+3%+H6%+4(&+1%*&7-(&+&%1(-+%-+'6/4+E(*.('2(+16%3%-+%-'7-)*(*+47&+.%32'(.%-)7&+./&+<(*()7&+3%4+.%*'(37?+2-'46=%-37+4(&+(4)%*-()2>(&+3%+;%-@*2'7&+=R7+<27%H62>(4%-)%&+32&17-2<4%&C+
+G`-! X*%(*+ 4(+[%.03.213A1!@131! 71!92.40:;4! +42.K317! 1! 71!)3:5.31! +4]140:1Z!(3&'*2)(+ (+ 4(+
,*%&23%-'2(+3%+4(+$%1V<42'(+1(*(+6-(+(42-%('2B-+2-)%*2-&)2)6'27-(4+=+d7<2%*-7&+\7'(4%&?+H6%+ '7.1*%-3%+ -6)*2'2B-?+ 2-)%*>%-'27-%&+ 3%+ '623(37&+ 1*%-()(4%&?+ 4(')(-'2(?+ (17=7+ (4+*%'2@-+ -('237?+ '623(37&+ 3%+ &(463?+ %36'()2>(&?+ %&)2.64('2B-+ )%.1*(-(+ =+ 3%&(**7447+ 3%+'(1('23(3%&+3%+47&+1(3*%&+1(*(+4(+'*2(-A(+3%+47&+-2Y7&?+1*27*2A(-37+4(&+/*%(&+'7-+17<*%A(+.64)232.%-&27-(4C++
+Gb-! 06.%-)(*! 7D/! T.423D/! 8.! 92.40:;4! +42.K317! 1! 71! )3:5.31! +4]140:1! hT9+)+i+ (+ -2>%4+
-('27-(4?+ 1(*(+ -2Y7&+ 3%+ 8+ (+ [+ (Y7&?+ 1(*(+ E('242)(*+ H6%+ 4(&+ .(3*%&+ 16%3(-+ )*(<(5(*?+'(1('2)(*&%+1(*(+%4+)*(<(57+=+%&)632(*C+
+Gc-! )3DK3151![)1415.mD!%14D-!-!-!)1415.mD!=.7:IZP!H6%+)*()(+3%+4(+%&)*()%;2(+3%+()%-'2B-+
1*2.(*2(+ 3%+ &(463+ %-+ 4(&+ '7.6-23(3%&?+ 2-&)(6*(-37+ 6-+ 1*7;*(.(+ 3%+ %&)247+ 3%+ >23(+&(463(<4%+P()%-'2B-+1*%>%-)2>(?+-6)*2'2B-?+3%17*)%+=+*%'*%('2B-Q?+'7-+4(+1(*)2'21('2B-+3%+47&+.6-2'2127&C++
+_f-! )3DK3151!@131!18D7./0.42./![gCQ.42C8P!%D5D/! 71!=C.3I1Z+ 1(*(+1*%>%-2*+%4+6&7+=+
(<6&7+3%+(4'7]74+=+3*7;(&?+%.<(*(A7+%-+(374%&'%-)%&+=+%-E%*.%3(3%&+3%+)*(-&.2&2B-+
!i!!
&%Z6(4?+ (&F+ '7.7+ 4(+ 3%1*%&2B-?+ (-&2%3(3+ =+ %4+ &62'2327?+ (+ )*(>@&+ 3%+ 1*7;*(.(&+ 3%+%36'('2B-?+ (*)%+ =+ '64)6*(?+ 3%17*)%&+ =+ *%'*%('2B-?+ E7*)(4%'2%-37+ 47&+ %H6217&+ 3%+ &(463+.%-)(4+%-+%4+1*2.%*+-2>%4+3%+()%-'2B-C+
+_,-! )3DK3151! [W:! %17C8P! W:! <.0:/:;4P! W:! =C2C3DZP+ 17*)(4+ r%<+ '263(3(-7+ =+ 6&7+ 3%+
32&17&2)2>7&+.B>24%&+P'%464(*%&?+)(<4%)(&Q?+'7-+2-E7*.('2B-+=+*%'7.%-3('27-%&+3%+&(463+1(*(+4(+1*%>%-'2B-+3%+%-E%*.%3(3%&C+++
+_?-! )3DK3151![%17C8!<:K:217ZP+H6%+'7-&2&)%+%-+]7.747;(*+47&+&2&)%.(&+%4%')*B-2'7&+WTIO0:
XOO?+(+ E2-+3%+ *%36'2*+(4+.F-2.7+ 4(+%&1%*(+%-+ 4(+()%-'2B-+3%+&%*>2'27&+3%+&(463C+ +G&)7+2-'46=%+6-2>%*&(42A('2B-+3%+47&+&2&)%.(&+3%+'2)(&?+3%4+&2&)%.(+1V<42'7+3%+&(463?+*%'%)(&+3%+.%32'(.%-)7&+%4%')*B-2'(&+=+7)*7&?+H6%+&%*/+2.14%.%-)(37+%-+47&+1*2.%*7&+#+(Y7&+3%+;7<2%*-7C++
_E-! X*%(*+%4+[U:/2D3:17!T7A4:0D!s4:0D!<:K:217L?+H6%+'7-)%-;(+)73(&+4(&+]2&)7*2(&+'4F-2'(&+3%4+1('2%-)%+32;2)(42A(3(&+%-+6-+E7*.()7+V-2'7?+'7-+(''%&7+(+-2>%4+-('27-(4C+
+_F-! X*%(*+%4+[%:/2.51!"10:D417!8.!92.40:;4!17!)10:.42.!(40D7;K:0DZ+H6%+'6.14(+'7-+47&+
%&)/-3(*%&+3%4+ T-&)2)6)7+M-'74B;2'7+I('27-(4?+ 2-2'2(37+'7-+ 4(+'7-&)*6''2B-+3%4+[T.423D!(40D7;K:0D! 8.! (00:8.42.Z+ %-+ N(>23?+ =+ (17=7+ (+ 47&+ '%-)*7&+ 3%+ 4(+9"T$T+ (+ -2>%4+-('27-(4C+
+_G-! T-'*%.%-)(*+ 4(&+ ./2312.K:1/! 8.! @3.Q.40:;4! J! @3D5D0:;4! 8.! /17C8+ 1(*(+ *%36'2*+ 47&+
'(&7&+ 3%+ X+Uj%+<9+ =+ 6-(+ .(=7*+ '7<%*)6*(+ 3%+ ()%-'2B-?+ %-+ '74(<7*('2B-+ '7-+)'(R+<%+<9-!
+__-! )3DK3151! ['$%T9&$Z+ 1(*(+ %5%'6)(*+ 47&+ 1*7=%')7&+ &2-+ '7-'462*+ 3%+ 2-E*(%&)*6')6*(+
]7&12)(4(*2(?+*%.73%4(*+47&+]7&12)(4%&+I2'74(&+O74(-7+3%+\(+X]7**%*(+=+%4+g7(H6F-+,(<47+c*(-'7+O(=(&+3%+\(&+a(<4(&?+%-)*%+7)*7&C+a(.<2@-+2-'46=%+*%'61%*(*+-6%&)*7&+@C./2D/!8.! /17C8+ (<(-37-(37&?+ 37)/-3747&+ 3%+ %H6217&?+ .%32'(.%-)7&+ </&2'7&?+ 2-&6.7&?+1%*&7-(4+(3%'6(37+=+4(+%-%*;F(+%4@')*2'(+'7-+1(-%4%&+&74(*%&+=+'(3%-(+3%+E*F7C+
+_`-! X7-&)*62*+%4!UD/@:217!8.!)14156!"D32.!8.!/.KC48D!4:Q.7-!
!_b-! X*%(*+%4!+4/2:2C2D!8.!9C2:/5D!.4!%14!W:KC.7:2D-!
+_c-! X7-&)*62*+%4+UD/@:217!8.!N1!)1751!.4!<13:n4C+
+`f-! X*%(*+ %4+ T.423D! 8.! S.3:123A1+ .73%*-7+ %-+ 4(&+ 2-&)(4('27-%&+ 3%4+ (')6(4+ '7.14%57+
]7&12)(4(*27?+6-(+>%A+)%*.2-(3(+4(+'7-&)*6''2B-+3%+4(+X263(3+3%+4(+O(463C++
`,-! X7-&)*62*+ 4(&+4C.Q1/!=10C7218./!8.!W.8:0:41!J!$4].35.3A1?+ %-+'77*32-('2B-+'7-+ 4(+b-2>%*&23(3+3%+,(-(./C!
+`?-! T->%*)2*+%-+4(+@3D8C00:;4!J!8:/23:HC0:;4!8.7!1KC1+%-+N(>23?+O(-)2(;7?+,(*2)(?+X]2)*@?+\7&+
O(-)7&?+\(&+a(<4(&?+0;6(364'%?+,%-7-7.@?+0**(25/-+=+4(&+A7-(&+)6*F&)2'(&+)(4%&+'7.7+4(&+14(=(&+3%4+,('FE2'7?+X7&)(+0**2<(+=+X7&)(+0<(57+3%+X74B-+%+T&4(+X74B-?+%-)*%+7)*(&C+++
!U!!
`E-! X7-&)*62*+C41!3.8!8.!8:/23:HC0:;4!8.!1KC1!@D21H7.!.4!.7!63.1!8.!)14156!"D32.+H6%+1%*.2)(+6-+&6.2-2&)*7+(3%'6(37+=+1%*.(-%-)%C+G&+2-(632)7+H6%+%-+%4+/*%(+3%+X]242<*%?+37-3%+&%+%-'6%-)*(+4(+1*2-'21(4+17)(<242A(37*(+3%+4(+'263(3?+)73(>F(+%Z2&)(-+'7.6-23(3%&+37-3%+-7+ 4%&+ 44%;(+%4+ (;6(+ '7-+ 4(+ 3%<23(+ E*%'6%-'2(+ =+ %&+ -%'%&(*27+ %4+ 6&7+3%+ '(**7&+'2&)%*-(C+
+`F-! 0>(-A(*+=+'7-&7423(*+%4+1*7=%')7+3%+O(-%(.2%-)7+3%+,(-(./C+
+`G-! X*%(*+ 6-(+ @7121]D351! 8:K:217! K.D33.].3.40:181+ P'7-+ 6<2'('2B-+ %Z(')(Q+ 1(*(+ %4+
&%;62.2%-)7+=+(&%;6*(.2%-)7+3%+4(&+3.@1310:D4./!8.!]CK1/!J!OC.B1/!8.!7D/!/.3Q:0:D/!8.!1KC1!J!/14.15:.42D?+%-+'7-56-)7+'7-+-6%>(&+'6(3*244(&+1(*(+3(*+*%&16%&)(&+(+47&+6&6(*27&+3%+.(-%*(+717*)6-(C+
+`_-! \(-A(*+6-+)3DK3151!"10:D417!8.!'.]D3./210:;4+3%+'6%-'(&+1*736')7*(&+3%+(;6(C+
+``-! W(-)%-%*+=+E7*)(4%'%*+-6%&)*7+1*7;*(.(+'.8!8.!(@D32C4:818./-+
+`b-! W(-)%-%*+=+E7*)(4%'%*+%4+)3DK3151!,?fj_GP+2-'46=%-37+1*7;*(.(&+717*)6-7&+3%+&(463+=+
<2%-%&)(*+1(*(+%4+(364)7+.(=7*C++
`c-! ,*7;*(.(+ [$/215D/! TD42:KDZP! '*%(-37+ 6-+ E7-37+ 1(*(+ 6-+ 14(-+ 1247)7+ 1(*(+ ()%-3%*+(364)7&+ .(=7*%&+ '7-+ %-E%*.%3(3%&+ H6%+ 47&+ .(-)%-;(-+ 17&)*(37&+ 7+ H6%+ -7+ 16%3(-+>(4%*&%+ 17*+ &F+ &747&?+ 1(*(+ *%'2<2*+ ()%-'2B-+ 37.2'242(*2(?+ .%32'(.%-)7&?+ .7>242A('2B-+ =+'623(37&+1(42()2>7&?+1*%>2(+%>(46('2B-+&7'27%'7-B.2'(C++
bf-! W(-)%-%*+=+E7*)(4%'%*+%4+1*7;*(.(+[a4K.7!SC138:64Z-!+
b,-! $%(42A(*+4(+%.KC481!$40C./21!"10:D417!8.!<:/01@10:818C++++
b?-! $%(42A(*+%4+)3:5.3!$/2C8:D!"10:D417!8.!900./:H:7:818!N1HD317P!=A/:01P!1!71!TC72C31!J!1!71!+4]D3510:;4?+'7-+%4+1*71B&2)7+3%+(=63(*+(+47&+(')7*%&+2->746'*(37&+%-+4(+2-)%;*('2B-+4(<7*(4+(+%-)%-3%*+ 4(&+32E%*%-)%&+1*7<4%./)2'(&+(&7'2(3(&+=+ 4(&+.%57*%&+EB*.64(&+1(*(+%42.2-(*+4(&+<(**%*(&+EF&2'(&+=+'64)6*(4%&?+H6%+2.123%-+(+4(&+1%*&7-(&+'7-+32&'(1('23(3+(''%3%*+(4+.%*'(37+4(<7*(4C+
+bE-! X*%(*+%4+W:4:/2.3:D!8.!71!WCB.3C+
+bF-! )3DK3151! [dT:.42A]:01/Z! 32*2;237+ (+ %&)2.64(*+ 4(+ 1(*)2'21('2B-+ 3%+ 4(+ .65%*+ %-+ 4(&+
32E%*%-)%&+/*%(&+'2%-)FE2'(&+=+%-+4(+2->%&)2;('2B-C++
bG-! )3DK3151![T15H:1!2C!X:81Z+1(*(+%4+2.164&7+%.1*%&(*2(4+3%+%.1*%-32.2%-)7+3%+4(+.65%*+=+5B>%-%&?+17*+.%327+3%4+`(-'7+3%+M17*)6-23(3%&C+
+b_-! )714![T1/1/!%.KC31/ZP+1(*(+<*2-3(*+(+.65%*%&+>F')2.(&+3%+>274%-'2(+2-)*(E(.242(*+6-+46;(*+
&%;6*7+ 1(*(+ %44(+ =+ &6&+ ]257&C+ 03%./&?+ 1*717-3*%.7&+ 4(+ -7*.()2>(+ H6%+ 1%*.2)(+2.14%.%-)(*+3%+.(-%*(+%E%')2>(+%4+6&7+3%+H31I17.2./!.7.023;4:0D/+1(*(+47&+(;*%&7*%&+%-+.()%*2(+3%+>274%-'2(+3%+;@-%*7C++
!9!!
b`-! ,*%&%-)(*[email protected]!8.! 7.J!@131!.7.Q13! 71/[email protected]/+3%+(H6%447&+H6%+>274%-+(+-2Y(&?+-2Y7&+=+(374%&'%-)%&C++
bb-! $%(42A(*+%4+T.4/D!9]3D8./0.48:.42.!?f?f+3%+.(-%*(+&%*2(?+'2%-)FE2'(+=+%Z(')(?+1(*(+)%-%*+4(&+%&)(3F&)2'(&+'7-E2(<4%&+=+V)24%&+1(*(+4(&+174F)2'(&+2-'46&2>(&+56&)(&C++
+bc-! )714![T15:4D/!TD513017./ZP+1(*(+ 4(+'7-&)*6''2B-+3%+'(**%)%*(&?+'(.2-7&+16%-)%&+=+
A(*A7&+1(*(+%4+3%&(**7447+3%+4(&+'7.(*'(&?+1*27*2A(3(&+3%-)*7+3%+47&+14(-%&+3%+3%&(**7447+'7.(*'(4%&+'7-&%-&6(3(&+'7-+4(&+(6)7*23(3%&+47'(4%&+=+)*(32'27-(4%&C+
+cf-! )3DK3151! [$/]C.3ID! )3D@:D! J! 9JC81! WC2C1ZP+ %4+ '6(4+ (17=(+ (+ 4(&+ E(.242(&+ %-+ 4(&+
'7.(*'(&+1(*(+<*2-3(*+&746'27-%&+3%+>2>2%-3(+.%32(-)%+ 4(+'(1('2)('2B-?+&61%*>2&2B-+=+.()%*2(4%&+-%'%&(*27&C++
+c,-! )3DK3151!8.!71/![UC.321/!=15:7:1/!#4:81/Z+.%32(-)%+4(+'(1('2)('2B-+3%+1*736')7*+(+
1*736')7*?+.2'*7'*@32)7?+]%**(.2%-)(&?+&%.244(&?+(<7-7?+'(1)6*(+3%+(;6(+1(*(+*2%;7+17*+;7)%7+=+'7-&%*>('2B-+3%+(42.%-)7&C+
+c?-! X*%(*! %4! W:4:/2.3:D! 8.! TC72C31C+ \(+ -6%>(+ 2-&)2)6'27-(423(3+ '64)6*(4+ '7-)(*/+ '7-+ 47&+
*%'6*&7&+ E2-(-'2%*7&+(3%'6(37&+ +=+ 47&+ 2-&)*6.%-)7&+ 4%;(4%&+-%'%&(*27&+1(*(+32&%Y(*+=+%5%'6)(*+%4+,4(-+I('27-(4+3%+X64)6*(C++
+cE-! X*%(*+4(+'.8!8.!T.423D/!8.!932.!J!TC72C31!%-+1*7>2-'2(&+=+'7.(*'(&+H6%+1%*.2)(-+%4+
%5%*'2'27+3%+47&+3%*%']7&+'64)6*(4%&+(+4(+17<4('2B-+=+'6=(+.2&2B-+%&+1*7.7>%*+%4+3%&(**7447+3%+4(+'*%()2>23(3?+4(&+(*)%&+P.V&2'(?+12-)6*(?+3(-A(?+E74p47*Q+=+'7-)*2<62*+(4+E7*)(4%'2.2%-)7+3%4+)%5237+&7'2(4?+3%+4(+23%-)23(3+-('27-(4+=+4(+'263(3(-F(C++
cF-! c7.%-)(*+%4+3%&(**7447+3%+ +48C/23:1/!TC72C317./!J!T3.12:Q1/!h+TTiP+1*712'2(*+(42(-A(&+%&)*()@;2'(&+ '7-+ %4+ &%')7*+ 1*2>(37+ 1(*(+ &6+ 3%&(**7447?+ 2-'46=%-37+ 4(+ '*%('2B-+ 3%+2-'6<(37*(&+3%+1*7=%')7&+TXXC++
cG-! X*%(*+ :40CH18D31/[email protected]/!0C72C317./+ =+%&)(<4%'%*+ 2-32'(37*%&+=+.%32'2B-+3%4+2.1(')7+&7'27%'7-B.2'7+17&2)2>7+3%+4(&+2-36&)*2(&+'*%()2>(&+%-+%4+1(F&C+++
+c_-! $%&)(6*(*+%4+(-)2;67+X74%;27+0<%4+`*(>7+1(*(+H6%+&%+'7->2%*)(+%-+%4+T.423D!8.!R.771/!
932./!8.!TD7;4-!+
c`-! X7-&)*62*+ %4+ T.423D! 8.7! =D7t7D3.! "10:D417+ '7-+ )73(&+ 4(&+ '7-32'27-%&+ (3%'6(3(&+ =+%H6217&?+P%32E2'27?+.7<242(*27?+&7-237?+(2*%+('7-32'27-(37Q+%-+4(+'263(3+3%+\(&+a(<4(&C+
+cb-! X*%(*+$/0C.71/!(]:0:17./!8.!<.@D32.+1(*(+32E%*%-)%&+32&'2142-(&C+
+cc-! ^('%*+ )737+ 47+ 17&2<4%+ 17*+ '6.142*+ '7-+%4+ '7.1*7.2&7+3%+ 4(+$%1V<42'(+3%+,(-(./+3%+
*%(42A(*+47&+uu+X!gC.KD/!<.@D32:QD/!T.423D15.3:014D/!J!8.7!T13:H.!?f??-!+
,ff-!$%-7>(*+4(+T:C818!<.@D32:Q1!+3Q:4K!%1718:4DC++
,f,-!X7-&)*62*+%4+T.423D!8.!972D!'.48:5:.42D!"10:D417-+
"8!!
+,f?-!X*%(*+ %4+%17;4! 8.! 71! =151! 8.7! <.@D32.! )1415.mD+ 1(*(+ ]7-*(*+ (+ -6%&)*(&+ ;47*2(&+
3%17*)2>(&C++
,fE-!$%'61%*(*+47&[email protected]/![T:C818!<.@D32:Q1Z+%-+N(>23+=+X74B-C++
,fF-!$%.73%4(*+%4+$/218:D!97.B1483D![>C38DZ!TM6Q.I+%-+G4+,7*>%-2*?+`6;(<(C++
,fG-!X7-&)*62*+$/218:D!8.!=C2HD7!./@.0:]:010:D4./!=+=9+%-+G4+G.1(4.%?+`7'(&+3%4+a7*7C++
,f_-!'.5D8.713+%4+d2.-(&27+M*4(-37+q2-)%*+%-+O(-+W2;6%42)7+=+;2.-(&27&+'7.7+%4+ T&.(%4+\(;6-(+%-+X74B-?+%4+G&)(327+0*'7+T*2&+%-+X74B-?+%4+d2.-(&27+$7'p%*7+04'/A(*+%-+X6*6-3V?+%4+d2.-(&27+O(463+=+,(4.(&+`%44(&+%-+X7&)(+0<(57?+%-)*%+7)*7&C++
,f`-!X7-&)*62*+%4+-6%>[email protected]!<.@D32:QD!.4!<D4!RD/0D-!+
,fb-!X7-&)*62*+%4+%32E2'27+1(*(+8.@D32./!8.!0D5H12.![[email protected]+%-+O(-)2(;7C++
,fc-!X7-&)*62*+6-+T15@D!<.@D32:QD!WC72:C/D!.4!)D32DH.7DC++
,,f-!$%'7-&)*62*+%4+G&)(327+3%+c6)<74+R.34138D![T148.71Z!S:7+%-+O(-+W2;6%42)7C++
,,,-!X7-&)*62*+ 6-+ "C.QD! [email protected]! <.@D32:QD! .4! 9331:B64P+ H6%+ 2-'46=(+ %&1('27&+ 1(*(+<(47-'%&)7?+>B4%2<74?+E6)&(4+=+3%17*)%&+3%+'7.<()%C+
+,,?-!$%'7-&)*62*+%4+$/218:D!gC/2:4D![S12D!R3CBDZ!%17:41/+3%+\(+X]7**%*(C+
+,,E-!$%.73%4(*+%4+$/218:D!8.!Rn:/HD7!8.!)./n-!
+,,F-!$%.73%4(*+%4+$/218:D!8.!Rn:/HD7!&D56/!97215:314D!<COC.+%-+W(*;(*2)(?+X]%17C+
+,,G-!X7-&)*62*[email protected]!<.@D32:QD+1(*(+E6)<74+=+<%2&<74+'7-+32.%-&27-%&+cTc0+=+W\`+%-+
,(-(./+G&)%C++
,,_-!)3DK3151!8.!R.01/!8.!$L0.7.40:1!<.@D32:Q1+1(*(+%4+3%&(**7447+3%+04)7+$%-32.2%-)7+%-+32&)2-)(&+32&'2142-(&+3%17*)2>(&C+
+,,`-!$%](<242)(*+3%4+$/218:D!8.!W.2.2AP!<13:n4-+!!N9!$%&'$NN9l!$<#T9T+*"!!,,b-! )3DK3151! [$/2C8:13! /:4! U15H3.Z+ H6%+ '7-&2&)%+ %-+ 4(+ '7.1*(+ 3%+ 1*736')7&+
+ -('27-(4%&+3%+'(423(3+1(*(+3(*4%+(+-6%&)*7&+%&)632(-)%&+'7.23(+'(42%-)%?+&(463(<4%+=+++++!!!!!6-(+-6)*2'2B-+(3%'6(3(?+%-+4(&+%&'6%4(&+7E2'2(4%&+3%+/*%(&+>64-%*(<4%&C+
+,,c-!X*%(*+4(+[9018.5:1!)14156!@131!.7!=C2C3DZC+G&+6-+'%-)*7+%36'()2>7+3%+%Z'%4%-'2(+H6%+
<%'(*/+ (+ 47&+ %&+ + + )32(-)%&+ ./&+ &7<*%&(42%-)%&?+ 3%+ 3@'2.7+ (+ 37'%(>7+ ;*(37+ (+ -2>%4+
"!!!
-('27-(4?+=+4%&+<*2-3(*/+6-(+%36'('2B-+3%+'(423(3?+'7.14%)(.%-)%+<242-;s%?+'7-+%4+7<5%)2>7+3%+1*%1(*(*47&+1(*(+&6+2-;*%&7+(+6-(+%36'('2B-+&61%*27*+%-+4(&+.%57*%&+6-2>%*&23(3%&+3%+,(-(./+=+3%4+.6-37?+1(*(+E7*.(*+%4+)(4%-)7+]6.(-7+H6%+*%H62%*%+%4+3%&(**7447+3%4+1(F&C++
,?f-!)3DK3151![R.01/!@131!.7!=C2C3DZC+O%+%&)(<4%'%*/+6-+E7-37+3%+"88+.2447-%&+3%+<(4<7(&+1(*(+ <%'(&+ (+ %&)632(-)%&+ &7<*%&(42%-)%&+ =+ 1*7E%&7*%&+ %-+ 4(&+ (*)%&?+ 3%17*)%&?+.()%./)2'(&?+'2%-'2(?+)%'-747;F(?+%36'('2B-+%-+(42(-A(+'7-+6-2>%*&23(3%&+3%+,(-(./+=+3%4+.6-37C+++
,?,-!X*%(*+[9018.5:1/!+42.3418D!$40D423148D!.7!RC.4!T15:4DZ+'7-+E7*.('2B-+2-)%;*(4+=+32&'2142-(?+%-+'77*32-('2B-+%-)*%+%4+W2-2&)%*27+3%+G36'('2B-?+W2-2&)%*27+3%+O%;6*23(3+=+W2-2&)%*27+3%+N%&(**7447+O7'2(4?+%-+X]2*2H6F?+`7'(&+3%4+a7*7?+X74B-?+J%*(;6(&?+^%**%*(?+X7'4@?+,(-(./+M%&)%+=+,(-(./+G&)%C++
,??-!X*%(*+ 6-(+)7121]D351! +4]D3562:01!$8C012:Q1+ 1(*(+ 4(+ 2-)%*(''2B-+ %-)*%+ 47&+ 37'%-)%&?+%&)632(-)%&?+1(3*%&+3%+E(.242(+=+%4+WGNbX0C++
,?E-!G&)(<4%'2.2%-)7+ 3%+ 6-+ [T.423D! 8.! =D3510:;4! J! T1@10:210:;4!TD42:4C1! 8.! +4K7n/P![%&$9WZ!J!$/2312.K:1/!).81K;K:01/!@131!$8C018D3./Z-++
,?F-!c6-3(*+%4++4/2:2C2D!8.!972D/!$/2C8:D/!@131!.7!).3].00:D415:.42D!8.7!<D0.42.-!+
,?G-!X7-&)*62*?+ %-+ '77*32-('2B-+ '7-+ 4(+ b-2>%*&23(3+ 3%+ ,(-(./?+ 6-(+ 4C.Q1! =10C7218! 8.!$8C010:;4-+
!+
Estas son nuestras 125 Acciones Prioritarias para transformar Panamá.