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HAL Id: tel-01149429

https://tel.archives-ouvertes.fr/tel-01149429

Submitted on 7 May 2015

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In vivo analysis of the cellular interactions during taste

sensory organ assembly in zebrafish

Marina Soulika

To cite this version:

Marina Soulika. In vivo analysis of the cellular interactions during taste sensory organ assembly in zebrafish. Development Biology. Université Pierre et Marie Curie - Paris VI, 2014. English. �NNT : 2014PA066633�. �tel-01149429�

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! "!

Université Pierre et Marie Curie

ED515 - Complexité du vivant

Laboratoire INSERM 1024-CNRS 8197 / Du développement au comportement

In vivo

analysis of the cellular interactions during

taste sensory organ assembly in zebrafish

Par Marina Soulika

Thèse de doctorat de Biologie du développement

Dirigée par Frédéric Rosa

Présentée et soutenue publiquement le 16 décembre 2014 Devant un jury composé de:

Prof. Muriel Umbhauer Université Pierre et Marie Curie Président Prof. Alan Carleton Univ. de Genève, Neuroscience Center Rapporteur Dr. Elise Cau Univ. de Toulouse 3, CBD Rapporteur Dr. Marcel Tawk INSERM - Institut Baulieu, Examinateur Dr. Frédéric Rosa IBENS Examinateur Dr. Marika Kapsimali (encadrante) IBENS Examinateur

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  2   Στον πατέρα μου Μιχάλη για την αφοσίωση και την υπομονή του Στη μητέρα μου Μαρία για τη δύναμη και την επιμονή της Στα αδέρφια μου Δημήτρη, Αθηνά, Κυριακή, ΆΆντα, Ντύλαν για τη συνεχή τους φροντίδα και στήριξη Στα ανίψια μου Μιχάλη, Μαρία, Αλέξανδρο και Μιχάλη για την ανιδιοτέλεια και το θάρρος τους

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  3  

«Το φάρμακό μας είναι η τροφή μας»

Περί Αισθήσεως και Αισθητών Αριστοτέλης

«Let thy food be thy medicine» On sense and the sensible Aristotle

A rose by any other name would scent as sweet William Shakespeare

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  4   I would like to express my gratidude to:

Marika Kapsimali for entrusting to this project, for the exceptional cooperation, constant

support and everyday availability during the PhD.

Frederic Rosa for the warm welcome in his team and his support.

The members of the jury, Muriel Umbhauer, Alan Carleton, Elise Cau and Marcel Tawk for their participation, consideration and evaluation of my work.

Sylvie Schneider-Maunoury, Michel Gho and Jean-Pierre Levraud for their guidance, advice and

support during my thesis.

Sylvain Ernest, Aline Bonnet, Florence Giger, Nicolas David, Raquel de Amaro Lourenço, Francois-Xavier Dutriex, Julien Dumortier, Brigitte Boyer, Guillaume Lambert, Benjamin Mathieu, Astou Tangara, Patrick Charnay, Pascale Gilardi, Piotr Topilko, Alexandre Jourdon, Fanny Coulpier, Yassine Bouchoucha, Elodie Thierion, Patricia Gongal, Renata Santos, Carole Desmarquet, Aurelie Gresset, Firas Bouallague, Aurelie Jubeau, Graziela Matesic, Carmen-Lucia Le Moal and Rouben Nagalingum for their for their patience, assistance, caring,

encouragement, technical advice and good humor over the past three years.  

Virginie Panayotopoulos and family, Emma Intiba and familly, Sideri and Evangelia Araka, Patera Panagioti Xenitelli, Maria Fesatidou, Viki Ntinoka, Maria Stampoulou, Kyriaki Saltidou, Odyssea Patouna, Kosta Poala with my deepest appreciation to whose love and support helped

to go through this long road.

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  5  

PROLEGOMENON                     9   I)  INTRODUCTION                     13  

I.1)  THE  ORGANISATION,  ANATOMY  AND  FUNCTION  OF  THE  MAMMALIAN  

 TASTE  SYSTEM                     15     I.1.1)  The  mammalian  taste  buds               15       I.1.1.1)  General  morphology  of  the  mouse  taste  bud       15       I.1.1.2)  The  main  taste  bud  cell  types  and  their  function       16         I.1.1.2a)  Type  I  (Support  Cells)           16         I.1.1.2b)  Type  II  (Taste  receptor  cells)         17  

      I.1.1.2bi)  Taste  specific  receptors         18  

      I.1.1.2bii)  Taste  transduction  in  Type  II  cells       20  

      I.1.1.2biii)  ATP,  the  Type  II  cell  transmitter       20  

      I.1.1.2b.iv)  L-­‐glutamate,  the  ‘unknown’  in  Type  II  

 signal  taste  bud  transmission               21        I.1.1.2c)  Type  III  cells  (Presynaptic)           24  

  THE  MAMMALIAN  TASTE  BUDS  IN  SUMMARY         26   I.1.2)  From  the  periphery  to  the  cns:  how  is  taste  information    

transmitted  and  encoded  in  mammals             27     I.1.2.1)  Mammalian  taste  sensory  ganglia           27     I.1.2.2)  Mammalian  brain  taste-­‐related  nuclei         28   I.2)  ANATOMY  AND  FUNCTION  OF  THE  TELEOST  FISH  TASTE  SYSTEM     31   I.2.1)  Teleost  fish  taste  buds                 31   I.2.2)  Taste  innervation  and  brain  nuclei  in  teleost  fish         33   I.3)  DEVELOPMENT  OF  TASTE  SENSORY  ORGANS           36     I.3.1)  The  embryonic  origin  of  taste  bud  cells                   36  

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  6  

  I.3.2)  Taste  bud  placode  :  the  first  morphological  evidence    

  of  a  mammalian  taste  bud                   37                          I.3.3)  The  role  of  mesenchyme  and  innervation  during  taste  bud  development    37              I.3.4)  Taste  bud  progenitor  cells                   38   I.3.5)  Molecular  signaling  during  taste  bud  development           40   I.3.5.1)  Wnt/beta-­‐catenin:  key  signal  for  taste  placode  formation       40   I.3.5.2)  Taste  placode  patterning  is  regulated  by  BMP  and  Follistatin     41   I.3.5.3)  Shh  and  taste  placode  formation           41   I.3.6)  Key  signals  for  the  differentiation  of  taste  bud  cell  types         43   I.3.6.1)  FGF  pathway  for  the  differentiation  of  taste  receptor  cells     43   I.3.6.2)  Notch  signaling  pathway  during  taste  bud  cell  differentiation   44   I.3.6.3)  Mir200  promotes  taste  bud  cell  formation         45  

              I.4)  Project  Goals                     46      

II)  MATERIALS  AND  METHODS                   48    

II.1)  Zebrafish                       49   II.2)  Phenotypic  analysis                     49     II.2.1)  In  situ  hybridization                   49     II.2.2)  Immunohistochemistry                 50   II.3)  Fixed  tissue  image  acquisition  and  time-­‐lapse  imaging         50   II.4)  Time-­‐Lapse  Statistical  analysis               51   II.5)  Two-­‐photon  laser  ablation                   51    

III)  RESULTS                       53   III.1)  The  fgf8a.enhancer:gfp  enhancer  is  expressed  in  all  developing  taste    

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  7  

  5-­‐HT  cells                       54   III.3)  tg(fgf8a.enhancer:gfp)  expressing  cells  are  motile,  join  and  quit  developing     taste  bud  organs                     55   III.4)  The  5-­‐HT  cell  is  required  for  the  maintenance  of  tg(fgf8a.enhancer:gfp)    

expressing  cells  into  taste  bud  organs               56   Figures                         58    

IV)  DISCUSSION                     76                IV.1)  tg(fgf8a.enhancer:gfp);  tg(tph1b:mCherry)    :  an  appropriate  tool    

to  analyse  taste  bud  development  in  vivo             77   IV.2)  What  is  the  functional  significance  of  cell  motility  during  taste  bud         organ  formation?                     78     IV.2.1)  Are  the  forming  taste  bud  organs  patterned  during  early    

development?                     78     IV.2.2)  Is  the  cell  motility  negatively  correlated  with  the  functional  activity         of  the  taste  bud  cell?                   79     IV.2.3)  What  is  the  molecular  mechanism  underlying  cell  contact  and  adhesion       during  taste  bud  formation?                 80     IV.2.4)  Is  cell  motility  a  common  phenomenon  during  sensory  organ    

  formation?                     81   IV.3)  ANNEXE                       82  

IV.3.1)  Regeneration  in  adult  taste  buds             82   IV.3.2)  The  Drosophila  taste  system               83     IV.3.2.1)  Sweet  bitter  symphony  in  flies           85  

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  8  

  IV.1.3.2.2)  Bitter  transduction             86     IV.1.3.2.3)  Sweet  transduction             86     IV.1.3.2.3)  Umami  transduction             87     IV.1.3.2.3)  Salty  transduction             87      

V)  BIBLIOGRAPHY                       88    

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  9   hrough   the   centuries,   numerous   definitions   have   been   given   for   taste   from   a   physiological,   sociological,   chemical   and   gastronomic   point   of   view.   A   physiologist   would   describe  taste  as  one  of  the  five  senses,  which  defines  the  ability  to  distinguish  the  quality  of   a   substance   placed   in   the   oral   cavity,   including   the   upper   surface   of   the   tongue   and   the   epiglottis.  Taste  is  produced  after  stimulation  of  the  taste  receptors  located  on  taste  sensory   organs   by   flavoured   substances.   Along   with   olfaction   and   trigeminal   nerve   stimulation   (registering  texture,  pain,  and  temperature),  taste  determines  and  interprets  food  quality.   A  sociologist  would  say  that  taste  is  a  personal  and  cultural  pattern  of  choice  and  individual   preference  in  food.  According  to  Littré  dictionary  taste  comes  from  Latin  “gustus”,  meaning   «  act   of   tasting,   degustation;   savour   ».   Gustus   may   also   derive   from   Greek   and   the   Greek   term   of   Sanskrit   “gush”   meaning   «  like,   good».   Social   and   cultural   phenomena   concerning   taste  are  closely  associated  to  environmental  resources  and  social  relations  between  people;   therefore  culture  and  food  are  closely  related.    

A   romantic   would   admit  that   the   sense   of   taste   is   capable   of   the   development   of   "an   extreme  delicacy”  of  the  palate,  which  allows  the  appreciation,  in  tasting  of  a  full  range  of   flavors   far   beyond   the   register   of   basic   sensation.   Such   sentiments   are   repeated   and   embroidered  many  times  in  the  rich  literature  of  gastronomy  that  blossomed  in  the  ensuing   decades  [1,  2].    

According  to  the  great  gastronome  Brillat-­‐Savarin,  taste  is  a  chemical  process  that  occurs  in  a   liquid  phase  where  sapid  molecules  dissolve  in  any  fluid.  These  molecules  are  consequently   absorbed   by   the   taste-­‐related   organs,   the   taste   buds   that   coat   the   interior   of   the   taste   apparatus.  For  instance,  pure  water  itself,  as  a  neutral  liquid,  does  not  cause  any  gustatory   effect  on  the  taste  buds  but  once  a  grain  of  salt  or  some  drops  of  vinegar  are  diluted  in  it  the   result  is  really  appreciated  [3].    

Gastronomes   use   the   term   "taste"   to   refer   to   the   multi-­‐sensory   experience   of   the   flavour   and  texture  of  food  and  drink.  Taste  however  does  not  function  alone  outside  the  laboratory   as  it  is  strongly  related  to  olfaction  and  vision.   Texture  and  colour  of  food  are  among  the   basic  reasons  for  feeding  behaviour  and  curiously,  who  would  choose  to  eat  a  blue  apple?        

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  10   Contrasting  though  the  olfactory  system  of  an  average  person  that  is  capable  to  recognize   approximately  50  different  smells,  of  a  chemist’s  that  can  distinguish  more  than  500  and  a   perfumer’s   up   to   5000   scents,   their   taste   system   is   limited   to   only   5   principal   groups   of   savouriness:  sweet,  umami,  bitter,  sour  and  salty.  

Sweet:  As  soon  as  we  are  born,  we  are  attracted  to  sweet  nutrients  (initially  to  the   breast  milk  in  which  6,89%  is  sugars)  indicating  us  the  importance  of  this  energy  (and  not   only)   rich   nutrient.  When   sugars   are   consumed   they   transform   into   glucose   in   the   body.   Glucose  is  then  used  for  immediate  energy  or  stored  in  the  liver  and  muscles  in  order  to  be   used   for   energy   at   a   later   time,   depending   on   body   needs.   Simple   sugars,   also   known   as   simple   carbohydrates,   get   digested   quickly   and   provoke   a   fast   burst   of   energy.   The   sweetness  of  sugars  in  fact  represents  a  neuronal  burst  in  the  brain  related  to  the  pleasant   access  of  these  caloric-­‐rich  sources  of  metabolic  energy.    

Umami:   A   Japanese   word   is   used   to   describe   the   internationally   recognised   taste   produced  by  L-­‐amino  acids  and  more  precisely  L-­‐glutamate  and  aspartate  in  human.  Umami   in  general  can  be  related  to  the  taste  of  meat  and  protein-­‐rich  nutrients.    

Bitter:   While   sweet   and   umami   function   in   order   to   satisfy   our   papillae   by   determining   energy   rich-­‐nutrients,   bitter   represents   the   repugnant   but   concurrently   protective  role  to  eliminate  every  noxious  substance  that  could  have  fatal  results,  simply  by   aversion.  Bitter  can  be  bearable  when  weak,  as  indicated  by  the  fact  that  many  people  enjoy   a  cup  of  coffee  but  can  be  really  aversive  when  strong.  In  contrast  to  the  three  parsimonious   taste   receptors   for   sweet   and   umami,   nature   was   quite   generous   for   bitter   detecting   receptors,  as  they  are  quite  numerous  and  reaches  up  to  30.    

Sour:   Although   small   amounts   of   low   concentrated   acid   substances   are   quite   pleasant  but  also  useful  e.g  lemon  juice  (rich  in  vitamin  C),  the  importance  of  sour  taste  lays   on  the  protection  of  the  organism  by  low-­‐pH  compounds  which  tend  to  be  unpleasant  and   sometimes  poisonous  for  our  body.  Sour  is  also  necessary  to  regulate  multiple  functions  of   our  body  fluids  especially  within  the  brain.  Although  the  transduction  channels  and/or    

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  11   indications  about  molecules  involved  in  the  process.    

Salty: The  source  of  life according  to  the  ancient  Greek  *αλάτι,  *  ἅλς  (háls)  Proto-­‐ Indo-­‐European  *séh₂l,  *séh₂l. Salty  taste  governs  intake  of  sodium  and  other  salts,  essential   for  maintaining  the  body’s  water  balance  and  blood  circulation. Salts  in  our  body  function  as   catalysts.  

Nevertheless,  it  could  be  due  to  the  importance,  albeit  neglected  in  function  sense  of  taste   that  eating  is  a  pleasurable  experience.  Furthermore,  the  human  body  homeostasis  highly   depends   on   this   sense,   as   the   ability   to   taste   and   smell   food   properly   is   of   vital   meaning.   Apart  for  its  nutritional  aspect,  taste  is  related  with  others  emotions.  People  that  lose  their   ability   to   taste   properly   tend   to   lose   weight,   become   depressed   or   enrich   their   food   with   strong  tastants  such  as  salt  or  acid  to  obtain  a  taste  sensation.  This  incapacity  may  lead  to   poor  nutritional  status,  impaired  immunity,  and/or  aggravation  of  several  diseases.  So  what   the  world  would  have  been  without  taste?  

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INTRODUCTION

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INTRODUCTION ! "%! .4 '$5%'")+6#.&6$."#'"9'$5%'$6&$%'&8&$%,'' <.97+S!1,+!16!73+!6=T+!9+,9+9!2/.59!73+!-1/+!16!.!9+>8-=75!48.-;!61-!73+!1-4.,=90! :5!-+48/.7=,4!18-!6++;=,4!:+3.T=18-( '7 +T./8.7+9 73+!,87-=7=189!+/+0+,79!16!611; 73.7 O=//!9.7=.7+!73+!:1;5!O=73!+,+-45!.,;!2-+T+,79!=,4+97=1,!16!71W=>!98:97.,>+9!73.7!>18/;! :+!217+,7=.//5!3.-068/(!<3+!9+,9+!16!7.97+!=9!=,7+-2-+7+;!:5!73+!7.97+!9597+0S!O3=>3!=9! >10219+;!16!73+!7.97+!9+,91-5!1-4.,9 >.//+;!7.97+!:8;9S!73+!7.97+!9+,91-5!4.,4/=.!.,;! 7.97+H92+>=6=>! :-.=,! ,8>/+=! @N=4(! 'H")(! <3+! 7.97+! 9597+0! 3.9! :++,! +W7+,9=T+/5! 978;=+;! =,! g.O+;! T+-7+:-.7+9S! @+92+>=.//5! =,! 0.00./9! :87! ./91! =,! 6=93! .,;! .023=:=.)! .,;! L12+2.;'7*(! ! <1 =,7-1;8>+ 73+! 2-+9+,7! -+9+.->3! O1-L 1,! 73+! 7.97+! :8;9S! 9+/+>7+;! L+5! +/+0+,79!16!=)!73+!1-4.,=9.7=1,!.,;!==)!;+T+/120+,7!16!73+!7.97+!9597+0!=,!0189+!.,;! Q+:-.6=93!.-+!;+9>-=:+;!=,!B3.27+-9!'("S!'(#!.,;!'($!-+92+>7=T+/5(! ! !

9@TEH<' .]2(! n-4.,=9.7=1,! 16! 73+! 380.,! 7.97+! 9597+0(! <3+! ;-.O=,4! 931O9! 73+! -+/.7=1,93=2! :+7O++,! 73+! 7.97+!9+,91-5!1-4.,9!=,!73+!1-./!>.T=75!.,;!73+!73-++!7.97+!9+,91-5!4.,4/=.!@o''S!'pS!p)!.,;!7.97+H-+/.7+;! ,8>/+=!=,!73+!:-.=,!`%a(!

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! "&! ' .42/'6#6$",8'6#0'91#!$."#'"9'$5%',6,,6*.6#'$6&$%'&8&$%,' .4242/'$;<'=>==>?@>A'B>CB<'DEFC' ' .424242/'+<A<H>?'=IHJ;I?ITK'IO'B;<'=IEC<'B>CB<'DEF' ! ',!0.00./9S!73+!7.97+!:8;9!.-+!;=97-=:87+;!O=73=,!73+!1-123.-5,4+./!+2=73+/=80! =,!.!2.77+-,+;!0.,,+-S!./1,4!73+!.,7+-1H2197+-=1-!.W=9!16!73+!71,48+S!2./.7+S!+2=4/177=9S! 23.-5,W! .,;! /.-5,W(! A+T+-./! 38,;-+;9! 16! 7.97+! :8;9! .-+! 618,;! =,! 73+! 0189+! 1-123.-5,4+./!>.T=75(!m.>3!1,+!16!73+0!=9!.,!1,=1,H93.2+;!97-8>78-+!>1,7.=,=,4!&EH"EE! >+//9! `&a! 73.7! 2199+99! 0=>-1T=//=! 1,! 73+=-! .2=>./! +,;! .,;! >1,7.>7! 7.97+! 9+,91-5! 4.,4/=.! 2-1>+99+9!1,!73+=-!:.9./!2.-7(!<3+!0=>-1T=//=!2-1g+>7!=,71!73+!,*+,-!.21-S!.!90.//!12+,=,4! 1,! 73+! 98-6.>+! 16! 73+! 71,48+! 2+-0=77=,4! 73+! 7.97+! >+//9! 71! :+! +W219+;! 71! .,;! 4+7! =,! >1,7.>7!O=73!73+!>1,7+,79!16!73+!01873!`?S!Ca(! n,! 73+! 98-6.>+! 16! 73+! 0.00./=.,! 71,48+S! 73+! 7.97+! :8;9! -+9=;+! =,! 2.2=//.+S! q21>L+79c!61-0+;!6-10!73+!+2=73+/=./!>+//9!73.7!98--18,;!73+!7.97+!:8;9(!<3-++!;=66+-+,7! 752+9!16!/=,48./!2.2=//.+!.-+!;=97=,48=93+;!@N=4(!'H#)S!.>>1-;=,4!71!73+!71,48+!-+4=1,K!! ?!W53@'021<X!73+5!3.T+!73+!93.2+!16!.!0893-110!.,;!.-+!/1>.7+;!1,!73+!.,7+-=1-! 2.-7!16!73+!822+-!98-6.>+!16!73+!71,48+!`Da(! ?W27'*,-X!73+5!3.T+!.,!+/1,4.7+;!61/;!-+2-+9+,7=,4!.!/+.6!1,!73+!+;4+!.,;!73+5! .-+! >/897+-+;! =,71! 7O1! 4-1829! 1,+! 1,! +.>3! 9=;+! 16! 73+! 2197+-=1-! /=,48./! +2=73+/=80(! <3+-+!.-+!.:187!%H&!=,!0.00./9!.,;!73+=-!9=Q+!.,;!93.2+!T.-=+9(!! !HY'1/5<=*77*,-X!73+5!.-+!=,T+-7+;!oH93.2+;!97-8>78-+9S!9=78.7+;!1,!73+!2197+-=1-! 98-6.>+!16!73+!71,48+(!<3+-+!=9!.!9=,4/+!1,+!=,!0=>+!:87!DH"E!>=->80T.//.7+!=,!380.,(! ',! .;;=7=1,S! 6=/=61-0! 2.2=//.+! .-+! /1>.7+;! 1,! 73+! 71,48+]! 73+9+! .-+! 73+! 0197! ,80+-189S!:87!,17!.991>=.7+;!O=73!7.97+!:8;9(!<3+5!3.T+!.!0+>3.,=>./!.,;!2-17+>7=T+! 68,>7=1,!61-!73+!71,48+!9+-T=,4!.9!.!;+6+,9=T+!>1.7!>102/+0+,7+;!:5!73+!.,7=:.>7+-=./! .>7=1,!16!>1021,+,79!16!73+!9./=T.`Ra( ' '

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INTRODUCTION ! "?! ' .42424G/'$;<'=>@A'B>CB<'DEF'L<??'BKJ<C'>AF'B;<@H'OEALB@IA' <1!8,;+-97.,;!31O!7.97+!:8;9!68,>7=1,S!O+!9+7!71!;+/=,+.7+!73+!>+//!752+9!73.7! >10219+! 73+! 7.97+! :8;9! .,;! 31O! 73+9+! >+//9! 7-.,9;8>+! 73+! >3+0=>./! 9=4,./9! 821,! 97=08/.7=1,!6-10!7.97.,79(!U!68,>7=1,./!7.97+!:8;!=9!>1,9=97+;!16!73-++!01-231/14=>.//5! ;=97=,>7! >+//! 752+9! 73.7! ;+7+>7! 7.97+! 97=08/=]! <52+! '! >+//9S! ./91! >.//+;! 98221-7S! 73+5! .-+! 4/=./H/=L+!>+//9S <52+ ''!>+//9S!1-!7.97+!-+>+271-!>+//9S 73+5 ;+7+>7!:=77+-S!9O++7!.,;!80.0=! .,;!<52+!'''!>+//9!1-!2-+95,.27=>!>+//9S!O3=>3!9+,9+!918-!.,;!>.-:1,.7+;!98:97.,>+9(!! .42424G>/'$KJ<'.'b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r.9+#S!.!,8>/+17=;.9+!:18,;!1,! 73+! 2/.90.! 0+0:-.,+! 73.7! 35;-1/59+9! +W7-.>+//8/.-! U<FS! .! L+5! 7-.,90=77+-! -+/+.9+;! 821,!:=77+-S!80.0=!1-!9O++7!97=08/.7=1,!16!73+!<52+!''!>+//9(!<3=9!+,Q50+!=9!>-=7=>./!61-! 73+! 7-.,9;8>7=1,! 16! 73+! 7.97+! 97=08/=! 9=,>+! 4+,+7=>! ;+/+7=1,! 16! P<Fr.9+#! -+98/79! =,! ;+>-+.9+;!,+8-./!-+921,9+9!71!7.97+!97=08/=(!!<3+!;+>-+.9+!=,!-+921,9=T+,+99!-+6/+>79!=,! 73+!/.>L!16!;+4-.;.7=1,!.,;!+/+T.7+;!/+T+/9!16!U<F(!*=T+,!73.7!U<F!=9!,+>+99.-5!61-!73+! .>7=T.7=1,! 16! F#p! -+>+271-9S! ;+/+7=1,! 16! P<Fr.9+#! -+98/79! =,! ;=9-827=1,! 16! 28-=,+-4=>! 7-.,90=99=1,!=,!73+!95,.29+9!`"Ea(! <3+!68,>7=1,!16!73+!98221-7!>+//9!-+0.=,9!211-/5!8,;+-9711;(!'7!=9!:+/=+T+;!73.7! 73+5! ;+7+>7! P.B/! :87! ./91! 173+-! 9./79! 73.7! 2-1T1L+! ,17! ,+>+99.-=/5! 9./75! :87! :=77+-S! 0+7.//=>!1-!.97-=,4+,7!7.97+(!A./79!87=/=Q+!.2=>.//5!/1>.7+;!=1,!>3.,,+/9!61-!7-.,9;8>7=1,! @6=4('H?)(!U!98:9+7!16!<52+!'!>+//9!=,!73+!.,7+-=1-H71,48+!7.97+!:8;9!+W2-+99!73+!.0=/1-=;+H 9+,9=7=T+S! +2=73+/=./! 91;=80! >3.,,+/! @mP.B)! `""S! "#a! .,;! 0197! 7.97+! :8;9! >1,7.=,! 73+! 73-++!16!=79!98:8,=79!sS!tS!.,;!u(!<3+!mP.B!98:8,=79!.-+!+W2-+99+;!=,!.!9=0=/.-!0.,,+-!1,! 73+! .,7+-=1-! .,;! 2197+-=1-! /=,48./! +2=73+/=80! =,! 0.00./9! :87! =,! 4-+.7+-! +W7+,7! =,! 68,4=61-0!73.,!=,!>=->80T.//.7+!2.2=//.+(!sHmP.B!./1,+!>.,!2-1;8>+!.0=/1-=;+H9+,9=7=T+! 91;=80!>8--+,79S! .,;! >1H+W2-+99=1,! O=73! tHmP.B! .,;! uHmP.B! +,3.,>+9! 73+9+! >8--+,79!

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! "C! @6=4('HC)(!r+92=7+!73+!+W2-+99=1,!16!mP.B!=,!<52+!'!>+//9!.,;!=79!>.2.>=75!71!;+7+>7!91;=80S! .!>/+.-!/=,L!:+7O++,!9./75!7.97+!;+7+>7=1,!.,;!<52+!'!>+//9!3.9!,17!:++,!+97.:/=93+;!5+7! `"$a( U,173+-! 217+,7=.//5! 7.97+H-+/.7+;! 01/+>8/+! >18/;! :+! 73+ -+,./! 187+-! 0+;8//.-5! 217.99=80!>3.,,+/!@vnGw)S!O3=>3!=9!.,!U<FH;+2+,;+,7!217.99=80!>3.,,+/!73.7!+W21-79! 217.99=80!6-10!73+!>+//9!71!-+7.=,!217.99=80!310+197.9=9!`"%S!"&a(!! ! 9@TEH<'.]G4!@U)(!r=97-=:87=1,!16!7.97+!:8;9!1,!73+!0.00./=.,!71,48+!>1,>+,7-.7+;!O=73=,!90.//!:87!T=9=:/+! 2-1g+>7=1,9! >.//+;! .*.'77*-#! @M)(! F.2=//.+! .-+! 93.2+;! /=L+! -=;4+9S! 2=02/+9S! 1-! 0893-1109! +.>3! 16! .! 6+O! 0=//=0+7-+9!=,!;=.0+7+-!>1,9=97=,4!16!0=>-1T=//=S!.!7.97+!21-+!.,;!;=97=,>7!>+//!752+9(!@B)(!m.>3!2.2=//.!=,!78-,! 3.9!,80+-189!,*+,-!&54+(!m.>3!7.97+!:8;!=9!=,,+-T.7+;!:5!.66+-+,7!,+8-1,9!`Ra(! ! ' .42424GD/'$KJ<'..'b$>CB<'H<L<JBIH'L<??C/'' <52+! ''! @7.97+! -+>+271-)! >+//9! 3.T+! /.-4+! 1T1=;! ,8>/+=! .,;! +/+>7-1,x/8>+,7! >5712/.90(! <3+5! +W2-+99! *! 2-17+=,H>182/+;! -+>+271-9! @*FBv9)! O=73! 9+T+,! 7-.,90+0:-.,+!;10.=,9!73.7!.-+!/1>.7+;!1,!73+=-!2/.90.!0+0:-.,+(!<3+5!3.T+!:++,! -+,.0+;! 7.97+! -+>+271-! >+//9! ;8+! 71! 73+! >.2.>=75! 16! 73+9+! *FBv9! 71! :=,;! /=4.,;9! 73.7! 2-1T1L+! 9O++7S! 80.0=! .,;! :=77+-! -+921,9+9(!h=971-=>.//5S! 73+! 6=-97! /1>89! =;+,7=6=+;! =,! 0=>+! 73.7! ;+7+-0=,+;! 73+! ;+7+>7=1,! 16! 9O++7! 98:97.,>+9! O.9! I*//;*1'3! ZI*/(! `"?H#Ea(! I*/! +,>1;+9! 73+! *FBv! <.9"v$! .,;! =7! O.9! h11,! .,;! >1//+.48+9! 73.7!=;+,7=6=+;! 7O1! ;=97=,>7!6.0=/=+9!16!7.97+!*FBv9S!73+!7.97+!-+>+271-!752+!"!@<.9"v9!1-!<"v9)!;+;=>.7+;!71!

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INTRODUCTION ! "D! 9O++7!.,;!80.0=!-+921,9+9!.,;!73+!7.97+!-+>+271-!752+!#!@<.9#v9!1-!<#v9)!73.7!:=,;! :=77+-!>10218,;9!`#"a(! "#$#$#%&'( )*+,-!+.-/'0'/!1-/-.,21+ <3+! <.9"v9! 61-0! 3+7+-1;=0+-9S! <.9"v"J<.9"v$! -+921,;=,4! 71! .0=,1! .>=;9! @80.0=! 7.97+)! .,;! <.9"v#J<.9"v$! -+921,;=,4! 71! 9O++7(! <.9"v"J<.9"v#! -+>+271-9! -+921,;! 71! .0=,1! .>=;9! 98>3! .9! 4/87.0.7+S! .92.-7.7+ .,; 4/8>=,+(!X=4.,;9! 92+>=6=>! 61-! <.9"v#J<.9"v$! -+>+271-9! .-+! 984.-9! @98>-19+S! 6-8>719+S! 4/8>19+S! /.>719+)! .,;! .-7=6=>=./! 9O++7+,+-9! @9.>>3.-=,S! 98>-./19+S! .92.-7.0+)(! ',! >1,7-.97S! 73+! <.#v9! ;1! ,17! ;=0+-=Q+! .,;! -+921,;! 71! :=77+-! 7.97.,79 98>3! .9! ;+,.71,=80S! >.66+=,+S! V8=,=,+S! 23+,573=18-+.! .,;! 3801/1,+(! <.9"v9! .-+! -+>+271-9! O=73! /1,4! P! 7+-0=,=! >1,7.=,=,4! 4/1:8/.-! +W7-.>+//8/.-!/=4.,;H:=,;=,4!;10.=,!O3+-+.9!<.9#v9!3.T+!931-7!+W7-.>+//8/.-!P!7+-0=,=! @6=4('HC)(!! ',.>7=T.7=1,!16!73+!,*+$1%!.,;!,*+$1[!4+,+9!=,!0=>+!-+T+./+;!73.7!73+9+!-+>+271-9! .-+! -+V8=-+;! =,! 9O++7! 7.97+! ;+7+>7=1,(! ,*+$1%?\?! 1-! ,*+$1[?\?! 0=>+! 2-+9+,7! O+.L! 2-+6+-+,>+! 71! 9O++7! 7.97.,79! 731843! ,*+$1%?\?],*+$1[?\?! +/=0=,.7+! >102/+7+/5! 9O++7! 7.97.,79! -+921,9+(! !A=0=/.-/5! ,*+$1$?\?! 21! ,*+$1[?\?! L,1>L187! 0=>+! 6.=/! >102/+7+/5! 71! -+>14,=9+!80.0=!7.97.,79!`##S!#$a(!G=>+!,8//!61-!92+>=6=>!,*+%1+!/19+!73+=-!9+,9=7=T=75!71! :=77+-! >10218,;9(! U;;=7=1,.//5S! 4+,+7=>.//5! +,4=,++-+;! 0=>+! +W2-+99=,4! 92+>=6=>.//5! 380.,! -+>+271-9! 61-! .! 98:9+7! 16! :=77+-! 98:97.,>+9! 98>3! .9! 9./=>=,! .,;! 23+,5/73=1>.-:.0=;+! 931O+;! .! -+28/9=T+! :+3.T=18-! 61-! 73+9+! 7O1! 98:97.,>+9(! N8-73+-01-+S!0=>+!+W2-+99=,4!H12=1=;!-+>+271-!@vUAAX]-+>+271-!.>7=T.7+;!91/+/5!:5!.! 95,73+7=>! /=4.,;) =,! <"v#y<"v$! +W2-+99=,4! >+//9! :+>10+! 92+>=6=>.//5! .77-.>7+;! 71! .! H 12=1=;!.,7.41,=97!92=-.;1/=,+S!.!,1-0.//5!7.97+/+99!>10218,;S!;+01,97-.7=,4!73.7!73+! .>7=T.7=1,! 16! 9O++7x-+>+271-! +W2-+99=,4! >+//9! @.,;! ,17! 73+! -+>+271-! =79+/6)! -+98/79! =,! 9O++7!2+->+27=1,(!A=0=/.-/5S!O3+,!73+!vUAAX!-+>+271-!O.9!+W2-+99+;!=,!:=77+-!+W2-+99=,4! >+//9!73+!4+,+7=>.//5!+,4=,++-+;!0=>+!931O+;!.T+-9=1,!61-!73+!7.97+/+99!92=-.;1/=,+!`#$S! #%a(! !! M87! 31O! 1,/5! 73+9+! 7O1! 6.0=/=+9! 16! -+>+271-9! @<.9"v9! .,;! <.9#v9)! .-+! .:/+! 71! ;=97=,48=93!73+!O=;+!T.-=+75!16!7.97.,79!+W219+;!=,!18-!+T+-5;.5!/=6+b!<3+!;=66+-+,>+9!=,!

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! "R! 73+!9+V8+,>+9!16!<.9"v!.,;!<.9#v!.01,4!92+>=+9!-+6/+>7!73+=-!9+,9=7=T=75!.,;!9+/+>7=T=75! 16!9O++7!1-!:=77+-!>10218,;9!-+92+>7=T+/5!@6=4('H$)(!N1-!=,97.,>+S!.,!+/+4.,7!978;5!89+;! >3=0+-=>!380.,H-1;+,7!<.9"v#!.,;!<.9"v$!-+>+271-9!71!0.2 -+4=1,9 16 73+ <"v#J<"v$ ;=0+-! 73.7! .-+! -+V8=-+;! 61-! -+921,9=T+,+99! 71! 910+! 16! 73+9+! 9O++7+,+-9(! <3+9+! +W2+-=0+,79S! /.-4+/5! 2+-61-0+;! 89=,4! 3+7+-1/14189! >+//9S! -+T+./+;! 73.7! 73+! +W7-.>+//8/.- ;10.=, 16 380., <.9"v# =9 -+V8=-+; 61- -+>+271-! -+921,9+9 71 .92.-7.0+! .,;! ,+17.0+! `#&aS! 73+! >597+=,+H-=>3! ;10.=,! @Bvr)! 16! 380.,! <.9"v$! =9! -+V8=-+;! 61-! -+921,9+9! 71! 73+! 2-17+=,! :-.QQ+=,! `#?aS! .,;! 73+! 7-.,90+0:-.,+!;10.=,! @<Gr) 16 380., <.9"v$ =9 ,+>+99.-5 61- -+921,9+9 71 >5>/.0.7+ .,; ,+13+92+-=;=, ;=35;-1>3./>1,+!`#Ca(!U!>-+.7=T+!'3!='=2!+W2+-=0+,7!=,!O3=>3!.!0189+!O.9!Z380.,=Q+;[! O=73!73+!7-.,94+,=>!+W2-+99=1,!16!73+!380.,!<.9"v#!98:8,=7!931O+;!73.7!73=9!2-17+=,! >1,6+-9!380.,H/=L+!7.97+!9+,9=7=T=75!71!.92.-7.0+S!01,+//=,!.,;!173+-!9O++7+,+-9!`#$a(! ! ! 9@TEH<'.]3(!F35/14+,+7=>!-+/.7=1,93=29!16!T+-7+:-.7+!=,7.>7!<"v!4+,+9(!<3+!.--1O!21=,79!71!73+!7-++!-117S! O3=>3! =9! ;+7+-0=,+;! :5! 89=,4! T+-7+:-.7+! o#v! 4+,+9! .9! 1874-1829! `#Da(! <3+! <"v"! y! <"v$! 3+7+-10+-=>! -+>+271-! >.,! ;+7+>7! XH.0=,1! .>=;9! .,;! GA*S! O3=>3! =9! 73+! 7.97+! 16! 80.0=S! O3+-+.9! 73+! <"v#! y! <"v$! 3+7+-10+-=>!-+>+271-!>.,!-+921,;!:-1.;/5!71!9O++7!7.97.,79!`#Ra(!

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INTRODUCTION ! #E! "#$#$#%&''(!)*+,-!,1*3+45/,'23!'3!)6.-!""!/-77+! U01,4! 73+! *! 2-17+=,9S! 4897;8>=,! =9! >182/+;! 71! 73+! <.9v! =,! <52+! ''! >+//9! .,;! =,T1/T+; =,!-+921,9+9!71!9O++7S!:=77+-S!.,;!80.0=!>10218,;9!`$EH$$a(!',.>7=T.7=1,!16! 73+! *?@5+,45/'3! 4+,+! =,! 0=>+! -+98/79! =,! -+;8>+;! -+921,9+9! 71! :=77+-! @;+,.71,=80! :+,Q1.7+S! V8=,=,+! 98/6.7+)!1-! 9O++7! >10218,;9! @98>-19+)(! I3+,! .! 7.97.,7! :=,;9! 71! .! 7.97+!-+>+271-!<.9vS!73+!*H2-17+=,!4897;8>=,!98:8,=79!*$!.,;!*"$!.-+!-+/+.9+;!.,;! .>7=T.7+! 73+! 2319231/=2.9+! :+7.#! @F/>t#)S! .! 0+0:-.,+H:18,;! +,Q50+! 92+>=6=>.//5! +W2-+99+;!=,!73+!<52+!''!>+//9(!I3+,!F/>t#!=9!.>7=T.7+;!=7!>.7./59+9!73+!2/.90.!0+0:-.,+! 2319231/=2=;9! =,71! 7O1! 2-1;8>79! ;=.>5/4/5>+-1/! @rU*)! .,;! "S%S&! =,19=71/! 7-=231923.7+! @'F$)! 73.7! 9+-T+! .9! 9+>1,;.-5! 0+99+,4+-9(! rU*! .>7=T.7+9! .! 2-17+=,! L=,.9+! BS! O3=>3! 2319231-5/.7+9!.,;!7389!.>7=T.7+9!.!4-+.7!T.-=+75!16!2-17+=,9(!'F$!-+48/.7+9!=,7-.>+//8/.-! /+T+/9! 16! >./>=80! :5! 12+,=,4! >./>=80! >3.,,+/9! 16! 73+! +,;12/.90=>! -+7=>8/80(! B5712/.90.7=>! >./>=80! -+/+.9+! >.,! -+48/.7+! 73+! 68,>7=1,! 16! 7.97+H-+/.7+;! >3.,,+/9(! <-20&S!.!0+0:+-!16!73+!7-.,9=+,7!-+>+271-!217+,7=./!@<-2)!>3.,,+/!6.0=/5S!=9!+W2-+99+;! 9+/+>7=T+/5!=,!<52+!''!>+//9!`"#S!##S!$%S!$&a(!m/+>7-12359=1/14=>./!978;=+9!16!3+7+-1/14189/5! +W2-+99+;! <-20&! 931O+;! 73.7! =7! =9! .! B.#yH.>7=T.7+;! >.7=1,! >3.,,+/! `$?H$Da! 9844+97=,4! 73.7! <-20&! 68,>7=1,9! O=73=,! 73+! <.9vH4897;8>=,HFXBt#H'F$! 2.73O.5! 71! ;+21/.-=Q+! 73+! <52+! ''! >+//9! .,;! /+.;! 71! ,+8-17-.,90=77+-! -+/+.9+(! <-20&HJH! 0=>+! 3.;! 0.-L+;/5! ;=0=,=93+;S! :87! ,17! .:1/=93+;S! -+921,9+9! 71! :=77+-S! 9O++7S! .,;! 80.0=! >10218,;9(!! A1;=80!=,6/8W!73-1843!<vFG&!>3.,,+/9!;+21/.-=Q+9!73+!>+//!0+0:-.,+!.,;!97=08/.7+9! T1/7.4+H4.7+;!P.y!>3.,,+/9S!2-1017=,4!73+!4+,+-.7=1,!16!.,!.>7=1,!217+,7=./!@UF)!@6=4(!'H D)(!',!-+921,9+!71!7.97.,7H+T1L+;!0+0:-.,+!;+21/.-=Q.7=1,S!BW%$JF.,W"!@4.2!g8,>7=1,)! 3+0=>3.,,+/9!12+,S!2-1017=,4!U<F!-+/+.9+!`$Ra!@6=4('HD)(! "#$#$#%&'''(!8)9:!,;-!)6.-!""!/-77!,1*3+<',,-1! <3+!187>10+!16!F/>:#S!<-20&!.,;!91;=80!>3.,,+/!.>7=T.7=1,!=9!U<F!-+/+.9+(!U<F! =9!>1,9=;+-+;!.9!73+!0.=,!7-.,90=77+-!-+/+.9+;!6-10!<52+!''!>+//9!821,!9O++7S!80.0=!1-! :=77+-! 97=08/.7=1,(! h1O+T+-S! 73+-+! .-+! 97=//! 7O1! ;+:.7+;! .-480+,79! >1,>+-,=,4! U<F(! N=-97S! .:187! =79! -+/+.9+S! =7! O.9! 7318437! 73.7! =9! 9+>-+7+;! T=.! 2.,,+W=,! "! 3+0=>3.,,+/9! @F.,W")(!!G1-+!-+>+,7/5!=7!O.9!931O,!73.7!>./>=80!310+197.9=9!01;8/.71-!"!@BUXhG")S! .! T1/7.4+H4.7+;! =1,! >3.,,+/! #S$! =9! 92+>=6=>.//5! +W2-+99+;! =,! <52+! ''! >+//9(! ',! /*7;<$! HJH!

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! #"! 0=>+! T1/7.4+H4.7+;! >8--+,79! .-+! 9+T+-+/5! -+;8>+;! =,! <52+! ''! >+//9S! U<F! -+/+.9+! =9! >102-10=9+;! .,;! 73+9+! .,=0./9! 3.T+! 9+T+-+/5! =02.=-+;! 2+->+27=1,9! 16! 9O++7S! :=77+-! .,;! 80.0=! >10218,;9S! O3+-+.9! 918-! .,;! 9./75! 7.97+! -+>14,=7=1,! -+0.=,9! 0197/5! ,1-0./!`%Ea(!A+>1,;S!73+!-1/+!16!U<F!-+>+271-9!O.9!+W.0=,+;(!F#p#!.,;!F#p$!-+>+271-9! 61-!28-=,+-4=>!U<F!.-+!2-+9+,7!1,!73+!7.97+!9+,91-5!4.,4/=.!2-1>+99+9!73.7!>1,7.>7!7.97+! :8;!>+//9(!h1O+T+-S!F#p#!=9 ./91!+W2-+99+;!=,!<52+!''!>+//9!73+09+/T+9 `%"H%%a(!', .%1]%?\? ^.%1][?\?!0=>+!73+-+!=9!;-.0.7=>!;=9-827=1,!16!9O++7!:=77+-!.,;J1-!80.0=!9+,9+(!N=,4+-! .,;! >1/(! 2-1219+;! 73.7! 73=9! =9! ;8+! 71! 73+! 28-=,+-4=>! -+>+271-9! /1>.7+;! 1,! 73+! 9+,91-5! 4.,4/=.(! h1O+T+-S! h8.,4! +7! ./S 3.T+ 931O,! 73.7! F#p! 28-=,1>+271-9! .-+! ,+>+99.-5! 61-! 7.97+!7-.,90=77+-!-+/+.9+!6-10!<52+!''!>+//9!9=,>+!=,!.%]%?\?^.%][?\?!0=>+S!,1-0./!7.97+H +T1L+;!7-.,90=77+-!9+>-+7=1,!=9!2-+T+,7+;!`%&a!`&"a(!<3+-+61-+S!=7!=9!8,>/+.-!O3+73+-!F#p! -+>+271-9! .-+! -+V8=-+;! 61-! 7.97+! 9=4,./! 7-.,90=99=1,! +=73+-! =,! 73+! <52+! ''! >+//9! 73.7! -+/+.9+!U<F!1-!=,!73+!7.-4+7!9+,91-5!4.,4/=.S!1-!:173!@6=4('H?)(!

',! .;;=7=1,S! U<F! =9! ;+4-.;+;! =,71! UrF! .,;! UGF! :5!,8>/+19=;+! 7-=231923.7+! ;=231923135;-1/.9+! # @P<Fr.9+#)! +W2-+99+;! 1,! 73+! 98-6.>+! 16! 73+! <52+! '! >+//9(! UrF! 68-73+-! 97=08/.7+9! F#z"! -+>+271-9! =,! <52+! ''! .,;! UGF! =9! 68-73+-! ;+4-.;+;! :5! 173+-! +>71,8>/+17=;.9+9! `%?a(! U;+,19=,+S! 73+! 6=,./! 2-1;8>7! 16! 73=9! ;+4-.;.7=1,S! =9! ,+8-101;8/.71-5! 9=4,./! .>7=,4! 1,! .;+,19=,+! U#M! -+>+271-9! +W2-+99+;! ./91! 1,! <52+! ''! >+//9! `%CS! %Da(! M=,;=,4! 16! U<F! .,;! =79! ;+4-.;.7=1,! 2-1;8>79! 1,! 28-=,+-4=>! -+>+271-9! /1>.7+;!1,!<52+!''!>+//9!73+09+/T+9!-+98/79!=,!=,>-+.9+!16!>5712/.90=>!B.#y!-+/+.9+;!6-10! =,7-.>+//8/.-!971-+9!.,;!7389!68-73+-!U<F!-+/+.9+!6-10!73+9+!>+//9(!N=,.//5S!U<F!;1+9!,17! :=,;!1,/5!71!.871-+>+271-9!=,!<52+!''!>+//9!.,;!71!-+>+271-9!=,!9+,91-5!4.,4/=.!:87!./91!1,! 28-=,+-4=>!-+>+271-9!@F#z%)!=,!<52+!'''!>+//9!@6=4(!'H%)(!<3+-+61-+S!<52+!''!97=08/.7=1,!.,;! >1,9+V8+,7!U<F!-+/+.9+S!97=08/.7+9!=,;=-+>7/5!73+!<52+!'''!>+//9!`"Ea!`%Ra!`&Ea!`&"a!`R#a! @6=4('H%)(!! "#$#$#%&#'=(!>?@75,*<*,-:!,;-!A53B32C3D!'3!)6.-!""!+'@3*7!,*+,-!&54!,1*3+<'++'23! !r+92=7+!73+!;+:.7+!1,!73+!9=7+9!16!.>7=1,!16!U<F!;8-=,4!<52+!''!97=08/.7=1,S!=7!=9! >1,9=;+-+;!.9!73+!0.=,!7.97+!7-.,90=77+-!16!<52+!''!>+//9(!h1O+T+-S!73+!-1/+!16!73+!>/.99=>! +W>=7.71-5! ,+8-17-.,90=77+-! XH4/87.0.7+! -+0.=,9! 8,>/+.-(! <.97+! -+>+271-! >+//9! .-+! 97=08/.7+;!:5!4/87.0.7+!.9!.,!80.0=!7.97.,7!73.7!:=,;9!71!<.9"v"J<.9"v$(!M87!73+9+!

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INTRODUCTION ! ##! >+//9! +W2-+99! ./91! =1,17-12=>! .,;! 0+7.:17-12=>! 4/87.0.7+! -+>+271-9! @6=4(! 'H%)! `&#H&&a(! A78;=+9!=,!=91/.7+;!7.97+!:8;9!:5!B.=>+;1!+7!./!931O+;!73.7!4/87.0.7+!7.-4+79!73+!7.97+! :8;9!.,;!,17 -+/+.9+;!:5!73+0 @6=4(!'H&)!`&?a(! ! 64! !!!!!!a(! ! 9@TEH<'.]U4!@U)!A5,.27=>S!2.-.>-=,+S!.871>-=,+!+66+-+,7!7-.,90=77+-9!.,;!73+=-!-+>+271-9!=;+,7=6=+;!=,!7.97+! :8;9!`&Ca(!<52+!''!@v+>+271-!>+//9)!-+921,;!.,;!7-.,9;8>+!9O++7S!:=77+-!1-!80.0=!97=08/=!:5!*FBv9!.,;! 9+>-+7+!U<F!71!+W>=7+!9+,91-5!.66+-+,7!6=:+-9!@:/.>L!/=,+9S!4-.5!.--1O9)(!U<F!./91!+W>=7+9!,+=43:1-=,4!<52+! '''!@2-+95,.27=>)!>+//9(!P<Fr.9+!;+4-.;+9!U<F!O=73=,!73+!7.97+!:8;!71!UrF(!<3+9+!28-=,+9!.>7!.9!.871>-=,+! 7-.,90=77+-9!71!2-1017+!U<F!-+/+.9+!6-10!<52+!''!>+//9!T=.!F#z"!.,;!F#p#!-+>+271-9(!<52+!''!./91!-+/+.9+! .>+75/>31/=,+! @UB3)S! O3=>3! 97=08/.7+9! -+>+271-9! 1,! <52+! ''! >+//9(! <52+! '''! >+//9! -+921,;! ;=-+>7/5! 71! .>=;! @918-)!7.97+!97=08/=!.,;!=,;=-+>7/5S!T=.!U<FS!71!9O++7S!80.0=!.,;!:=77+-!97=08/=(!<3+5!./91!9+>-+7+!9+-171,=,! @&Hh<)S! ,1-+2=,+,+23-=,+! @Pm)! .,;! *UMU(! &Hh<! .,;! *UMU! .-+! =,3=:=71-5! 7-.,90=77+-9S! .>7=,4! 1,! 219795,.27=>! &Hh<"U! .,;! *UMUUSM! -+>+271-9! 1,! <52+! ''! >+//9S! .9! 931O,(! &Hh<! =9! ./91! :+/=+T+;! 71! :+! 73+!

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! #$! ',!2.-7=>8/.-S!73+5!+W219+;!0189+!/=,48./!+2=73+/=80!71!4/87.0.7+!.,;!-+>1-;+;! 73+! -+921,9+9! 16! 73+! >+//9! O3+-+! 4/87.0.7+! >18/;! :+! ;=66+-+,7=.//5! ;=97-=:87+;! 1,! 73+! .2=>./! 2.-7! 16! 73+! 7.97+! :8;! @7=2)! 1- 73+! :.91/.7+-./! 2.-7! 73.7! >1--+921,;9! 71! 95,.27=>! -+4=1,(! <3+5! 618,;! 73.7! =1,17-12=>! 4/87.0.7+! -+>+271-9! ! @UGFUJw.=,.7+S! PGrU! -+>+271-9)!.-+!2-+9+,7!1,!73+!:.91/.7+-./!98-6.>+!16!7.97+!-+>+271-!>+//9S!9844+97=,4!73.7! 73+9+!.-+!219795,.27=>!9=7+9(!',!>1,7-.97S T+9=>8/.-!7-.,921-7+-9 61-!4/87.0.7+!@o*Xf<"S! #)!.-+!2-+9+,7!1,!73+!.66+-+,7!6=:+-9!73.7!+,;!82!.,;!=,,+-T.7+!7.97+!:8;9S!/+.;=,4!71! 73+! 92+>8/.7=1,! 73.7! 7.97+! 9+,91-5! 4.,4/=.! 0.5! -+/+.9+! XH4/87.0.7+! 73.7! :=,;9! 217+,7=.//5! :=,;9! 71! 7.97+! :8;H/1>.7+;! -+>+271-9 `&Ra(! '7! 0897! :+! -+0=,;+;S! 73.7! 73+! .22-12-=.7+! >1,>+,7-.7=1,! 71! .>7=T.7+! 95,.29+9! =9! 0=>-101/.-S! 12219=,4! 73+! >1,>+,7-.7=1,! ,++;+;! 61-! 7.97+! -+>+271-! 97=08/.7=1,S! O3=>3! =9! 0=//=01/.-(! h8.,4! +7! ./! 931O+;! 73.7! O3+,! 4/87.0.7+! =9! .22/=+;! 1,! =91/.7+;! 7.97+! :8;9! .7! 95,.27=>! >1,>+,7-.7=1,9S! 73+! 2-+95,.27=>! >+//9! 9+>-+7+! 9+-171,=,! `?EaS! 68-73+-! 98221-7=,4! .! 4/87.0.7+!95,.27=>H-+/.7+;!-1/+!`&Ra!`?Ea(!' ! ! 9@TEH<'.]:('1,17-12=>!.,;!0+7.:17-12=>!4/87.0.7+!-+>+271-9(!U>7=T.7=1,!16!=1,17-12=>!4/87.0.7+!-+>+271-9! /+.;! 71! 0+99.4+!7-.,90=99=1,!T=.!=1,!>8--+,79!O3+-+.9!.>7=T.7=1,!16!0+7.:17-12=>!4/87.0.7+!-+>+271-9! .>7=T.7+!9+>1,;!0+99+,4+-9(! ' ' '

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! #&! ! <52+! '''! >+//9! 61-0! 95,.29+9! .,;! +W2-+99! ,+8-./H/=L+! 4+,+9! 98>3! .9! ,+8-./! .;3+9=1,!01/+>8/+!@PBUG)S!95,.271910./H.991>=.7+;!2-17+=,!#&!@APUFH#&)!+,Q50+9!61-! ,+8-17-.,90=77+-! 95,73+9=9S! 7-.,921-7+-9 .,;! T1/7.4+H4.7+;! >./>=80 61-! 73+! -+/+.9+! 16! ,+8-17-.,90=77+-9! `?CHCEa(! <3+5! ./91! +W2-+99! 91;=80! .,;! 217.99=80! >3.,,+/9! .,;! 4+,+-.7+!.>7=1,!217+,7=./9(!f21,!.>=;S!wB/!1-!U<F!97=08/.7=1,S!2-+95,.27=>!>+//9!9+>-+7+! &Hh< .,;! *UMU `?DS! ?RS! C"S! C#a .,;! =,! 910+! >.9+9! ,1-+2=,+23-=,+ T=.! >./>=80! =,6/8WH ;+2+,;+,7!T+9=>8/.-!+W1>5719=9!`C$a(!&h<H"U!-+>+271-9!-+9=;+!1,!73+!98-6.>+!16!73+!<52+! ''! >+//9! .,;! &Hh<! :=,;=,4! 71! 73+0! ;+2-+99+9! 73+! -+921,9+9! 16! 7.97+! -+>+271-! >+//9! 71! 9O++7S!:=77+-!1-!80.0=(!I3+,!*UMU!=9!-+/+.9+;S!=7!7.-4+79!*UMUU.,;!*UMUM -+>+271-9! ./91! /1>.7+;! =,! <52+! ''! >+//9! .,;! 2-1017+9! *UMU+-4=>! =,3=:=7=1,! 16! 7.97+H+T1L+;! 7-.,90=77+-9!@N=4(!'H%S?)(!! <52+!'''!+W2-+99!./91!>.-:1,=>!.,35;-.9+!%!@B.-%)S!.!0+0:+-!16!.!/.-4+!6.0=/5!16! +,Q50+9!=02/=>.7+;!=,!9+,9=,4S!.>7=,4!1,!.,;!-+921,;=,4!71!Bn#!=,!T.-=189!9597+09!`C%a(! B3.,;-.93+L.-!+7!./!;+T+/12+;!+,4=,++-+;!0=>+!=,!O3=>3!92+>=6=>!7.97+!>+//!752+9!O+-+! 4+,+7=>.//5! .:/.7+;! =(+(! 9O++7/+99S! 80.0=/+99! 1-! 918-/+99! 0=>+! .,;! 73+=-! -+921,9+9! 71! Bn#! O+-+! -+>1-;+;(! G=>+! O=73187! 73+=-! 918-H-+921,9=T+! >+//9! ;=;! ,17! -+921,;! 71! Bn#! +=73+-S!=,;=>.7=,4!73.7!73+9+!918-H-+921,9=T+!>+//9!.-+!+99+,7=./!61-!Bn#!;+7+>7=1,(!A=,>+! 73+!Bn#!-+921,9=T+!>+//9!.-+!=;+,7=6=+;S!73+!,+W7!97+2!O18/;!:+!71!=;+,7=65!73+!-+>+271-9! 1,!73+9+!>+//9!73.7!-+921,;!71!Bn#!.7!73+!7.97+!:8;!/+T+/(! 9@TEH<' .]P(! r=97=,>7! >/.99+9! 16! 0.00./=.,! 7.97+! -+>+271-9S! >+//! 752+9!.,;!/=4.,;9(!AO++7! .,;!80.0=!.-+!;+7+>7+;! :5! <"v! 3+7+-1;=0+-9! `"Ra! `&%a! `C&a! .,;! :=77+-! :5! <#v! -+>+271-9! `#%a! `C?a!`CCa(!A./7!=9!;+7+>7+;! :5! 91;=80! >3.,,+/! @mP.B)! `CDa(! Fwr#X"! =9! =,T1/T+;! =,! 918-! ;+7+>7=1,! `?"a! .,;! >.-:1,.7=1,! =9! 0+;=.7+;! :5! 0+0:-.,+H7+73+-+;! >.-:1,=>! .,35;-.9+! B.-%! `C%a(!' !

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! #C! ' .424G/'9HI='B;<'J<H@J;<HK'BI'B;<'!#&M'5IN'@C'B>CB<'@AOIH=>B@IA'BH>AC=@BB<F'>AF' <ALIF<F'@A'=>==>?C' ' ' .424G42/',>==>?@>A'B>CB<'C<ACIHK'T>AT?@>'' ',!-1;+,79S!7.97+!:8;9!-+>+=T+!2-1>+99+9!6-10!29+8;1H8,=21/.-!,+8-1,9!/1>.7+;! =,! 73+! 6.>=./! @o')S! 73+! 4/199123.-5,4+./! @'p)! .,;! 73+! T.4./! @p)! >-.,=./! ,+-T+9(! <3=9! 1-4.,=9.7=1,!=9!>1,9+-T+;!=,!g.O+;!T+-7+:-.7+9!`CRa(!',!2.-7=>8/.-S!7.97+!:8;9!;=97-=:87+;! =,!73+!.,7+-=1-!71,48+!@68,4=61-0!2.2=//.+)!.,;!2./.7+!-+>+=T+!2-1>+99+9!16!73+!9+,91-5! ,+8-1,9! /1>.7+;! =,! 73+! 4+,=>8/.7+! 4.,4/=.! @o''73)(! <3+9+! 2-1>+99+9! =,T.;+! O=73=,! 73+! /;214*!,6<.*3'!,+-T+!.,;!73+!4-+.7+-!2+7-19./!,+-T+9S!-+92+>7=T+/5(!<.97+!:8;9!=,!73+! 2197+-=1-!1-./!>.T=75!@61/=.7+S!>=->80T.//.7+!2.2=//.+)!-+>+=T+!4/199123.-5,4+./!2-1>+99+9! 6-10!73+!2+7-19./!4.,4/=.!@'p73)!@6=4('HR)(!U!90.//!,80:+-!16!7.97+!:8;9!=,!73+!+2=4/177=9! -+>+=T+! 982+-=1-! /.-5,4+./! .66+-+,79! 6-10! 73+! ,1;19+! 4.,4/=.! @p73)! .,;! -+921,;! 01-+! 92+>=6=>.//5!71!73+!-+6/+W!16!-+g+>7=1,!1-!=,4+97=1,!@4.4!-+6/+W)!`DEa(!! ! F-1>+99+9! 6-10! $H"%! 9+,91-5! ,+8-1,9! -+.>3! +.>3! 7.97+! :8;! ;+2+,;=,4! 1,! 73+! 92+>=+9(!h1O+T+-S!+.>3!7.97+!:8;!>+//!=9!=,!>1,7.>7!O=73!.!9=,4/+!9+,91-5!,+8-1,(!M.9+;! 1,!73+!4+,+7=>!.,;!68,>7=1,./!978;=+9!;+9>-=:+;!=,!>3.27+-!'S!=7!=9!+T=;+,7!73.7!+.>3!7.97+! :8;! >+//! ;+7+>79! 1,+! 752+! 16! 7.97+! V8./=75! ! @:=77+-S! 9O++7S! 80.0=S! 918-! 1-! 9./75)S! ;+2+,;=,4! 1,! 73+! -+>+271-9J>3.,,+/9! =7! +W2-+99+9(! <3+-+61-+S! 7.97+! V8./=7=+9! .-+! +,>1;+;!=,!73+!2+-=23+-5!.>>1-;=,4!71!.!/.:+//+;!/=,+!01;+/]!7.97+!:8;!>+//9!.-+!78,+;!71! 9=,4/+!7.97+!01;./=7=+9!.,;!.-+!>1,,+>7+;!O=73!=,;=T=;8.//5!78,+;!2-1>+99+9!16!9+,91-5! ,+8-1,9!`D"a(! h1O+T+-! -+>1-;=,49! 6-10! 73+! /;214*! ,6<.*3'! ,+-T+! 6=:+-9! >.,! 931O! 08/7=2/+! 9+,9=7=T=75! 821,! 97=08/.7=1,! .,;! -+921,;! 71! 9+T+-./! 752+9! 16! 97=08/=S! 9844+97=,4! 73.7! 7.97+!V8./=7=+9!.-+!+,>1;+;!:5!.,!.>-199H6=:+-!2.77+-,(!',!.;;=7=1,S!O=73=,!73+!4.,4/=.S! ,+8-1,9!73.7!.-+!:-1.;/5!78,+;!3.T+!:++,!618,;(!`D#a(!U;;=7=1,./!=,7-=48=,4!.92+>79!.-+! 73.7!.!9=,4/+!<"v#J<"v$!1-!.!<#v!+W2-+99=,4!7.97+!:8;!>+//!>.,!-+>14,=9+!9+T+-./!9O++7! 1-!:=77+-!752+9!16!97=08/=S!-+92+>7=T+/5S!.,;!73.7!7.97+!:8;!>+//9!>1008,=>.7+!O=73!+.>3! 173+-]! 61-! =,97.,>+! <52+! '''! >+//9! .-+! =,;=-+>7/5! .>7=T.7+;! :5! <52+! ''! HU<F! -+/+.9+S! 9844+97=,4! .4.=,! 73+! +W=97+,>+! 16! 910+! /+T+/! 16! :-1.;! 78,=,4(! v+>1-;=,49! 6-10! 9=,4/+! 8,=79S!73+!4.,4,/=.!9+,91-5!,+8-1,9!73+09+/T+9S!:87!./91!9=08/7.,+189!>./>=80!=0.4=,4!

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