CHILD SAFEGUARDING POLICY AND PROCEDURES

ϭ&+,/’6$)(*8$5′,1*32/,&<$1'352&('85(67klvgrfxphqwrxwolqhvwkh&klog6dihjxduglqj3rolfdqg3urfhgxuhvdssolqjiruwkhixoogxudwlrqriwkhiroorzlqjhyhqwlqfoxglqjdqsuhsdudwruruiroorzxsphhwlqjv1dphriwkhhyhqw-xvwlfhwkdw:runv/hyhudjlqj&rrshudwlrqdqg7hfkqrorjiru&kloguhq'lvdelolw5ljkwvdqg*hqghu(txlwkhuhlqdiwhuuhihuuhgwrdv,qwhuqdwlrqdo&rqihuhqfh2ujdql]huv9dolglw)rxqgdwlrq+xqjduldq1*2&klog5ljkwv&rdolwlrq(/7(/dz6fkrro3odfhriwkhhyhqw2qolqhdqglqshuvrqdw(/7(/dz6fkrro(jhwhpwpu%xgdshvw'dwhvriwkhhyhqw1ryhpehu,385326(7klv&klog6dihjxduglqj3rolfdqg3urfhgxuhvzdvghyhorshgwr‡suhyhqwdqirupriylrohqfhrukdupwrfkloguhqsuhvhqwdwwkhhyhqwdqgwrsuhyhqwdqg‡wdnhdssursuldwhdfwlrqwrdqfklogvdihjxduglqjvxvslflrqvfdvhvrufrqfhuqvwkdwpdhphujhlquhodwlrqwrwkhhyhqwlhehiruhgxulqjdqgdiwhuwkhfklog¶vsduwlflsdwlrqlqwkhhyhqw6dihjxduglqjfkloguhquhtxluhvhyhurqhwrehfrpplwwhgwrwkhkljkhvwsrvvleohvwdqgdugvriuhvshfwlqwhjulwdqgdffrxqwdelolw7kh2ujdql]lqj&rpplwwhhriwkh,qwhuqdwlrqdo&rqihuhqfhdqgzkhuhdssolfdeohwkhsduwqhurujdqlvdwlrqvlqvwlwxwlrqvdqgrukrvwvriwkhhyhqwduhfrpplwwhgwrhqfrxudjlqjdqgpdlqwdlqlqjϭwƌğɛğŷƚđśŝůěɛăĩğőƶăƌěŝŷőɖžůŝđǉăŷěđžěğžĩđžŷěƶđƚǁăɛŝŷɛɖŝƌğěďǉƚśğĩžůůžǁŝŷőěžđƶŵğŷƚɛ͗žśŝůě^ăĩğőƶăƌěŝŷőwƌžƚžđžů͕he/&,ƶŷőăƌǉ͛ɛśŝůě^ăĩğőƶăƌěŝŷőwžůŝđǉ͕śŝůě^ăĩğőƶăƌěŝŷőwžůŝđǉžĩƚśğśŝůěͳůğě'ůžďăůăŵɖƶɛžŷ,ƶŵăŷzŝőśƚɛ/ŷƚğƌŷăƚŝžŷăůžŷĩğƌğŷđğϯϭϯϯžŷdğŷƚăů,ğăůƚś͕śŝůě^ăĩğőƶăƌěŝŷőwžůŝđǉžĩƚśğ^ɖğđŝăůzğɖƌğɛğŷƚăƚŝǀğžĩƚśğhe^ğđ͘'ğŷ͘ĩžƌsŝžůğŷđğăőăŝŷɛƚđśŝůěƌğŷϯdfxowxuhripxwxdouhvshfwdqgdqdwwlwxghzkhuhshrsohihhodeohwrudlvhdqvdihjxduglqjfrqfhuqehlqjfrqilghqwwkdwlwzlooehwdnhqvhulrxvodqgiroorzhgxslqdqdssursuldwhzddqgzkhuhdssolfdeohuhsruwhglqdffrugdqfhzlwkqdwlrqdoodz,,6&23($1''(),1,7,2167klvgrfxphqwdssolhvwrhyhushuvrqlqyroyhglqwkhrujdql]dwlrqriwkh,qwhuqdwlrqdo&rqihuhqfhdqgdwwhqglqjwkhhyhqwdvsduwlflsdqwvshdnhuprghudwruwudqvodwrufdwhulqjsurylghuhwflqfoxglqjdqsuhsdudwruruiroorzxsphhwlqjv6dihjxduglqjfkloguhqlvhyhurqh¶vuhvsrqvlelolw(yhurqhlqyroyhglqwkhrujdql]dwlrqriwkh,qwhuqdwlrqdo&rqihuhqfhlqzkdwhyhufdsdflwvkrxogdfnqrzohgjhwkhluuhvsrqvlelolwwruhvshfwdqgvdihjxdugwkhuljkwvdqgzhooehlqjrisduwlflsdwlqjfkloguhqdvzhoodvwkhluuhvsrqvlelolwwrwdnhruvxssruwdssursuldwhvwhsvwrlpsohphqwwkhvhsulqflsohvdqgsurfhgxuhv$oodfwlylwlhvuhodwhgwrwkhrujdql]dwlrqriwkh,qwhuqdwlrqdo&rqihuhqfhduhlqfoxghgxqghuwkhvfrshriwklvgrfxphqw7khvhdfwlylwlhvlqfoxghexwduhqrwolplwhgwr‡phhwlqjvfrqvxowdwlrqvfdpsdljqvruhyhqwvuhodwhgwrwkh,qwhuqdwlrqdo&rqihuhqfhlqzkdwhyhuirupdwruorfdwlrq‡wkhsuhsdudwlrqriwkh,qwhuqdwlrqdo&rqihuhqfh¶vsxeolfdwlrqvdqgfrppxqlfdwlrqvpdwhuldo‡jdwkhulqjlpdjhvruylghrvrifkloguhqdxglruhfruglqjvzulwwhqvxeplvvlrqvrurwkhushuvrqdolqirupdwlrqlquhodwlrqwrwkh,qwhuqdwlrqdo&rqihuhqfh‡rqolqhrulqshuvrqfrppxqlfdwlrqvzlwkfkloguhq$fkloglvghilqhgdvdshuvrqehorzwkhdjhrihduvϯ$fklogvdihjxduglqjfrqfhuqlvdqvlwxdwlrqruehkdylrxuwkdwsodfhvdfklogdwulvnruwkdwkdvwkhsrwhqwldowrkdupdfklogzkhwkhurqolqhrulqshuvrq7klvfdqlqfoxghskvlfdovh[xdoruhprwlrqdoylrohqfhdexvhqhjohfwruh[sorlwdwlrq9lrohqfhdexvhkdupdqgvdihjxduglqjlvvxhvduhuduhovwdqgdorqhhyhqwvwkdwfdqehfryhuhgerqhghilqlwlrqruodeho,qprvwfdvhvpxowlsohlvvxhvzlooryhuodszlwkrqhdqrwkhu7khuhduhvhyhudoirupvriylrohqfhdjdlqvwfkloguhqvxfkdvqhjohfwruqhjoljhqwwuhdwphqwphqwdoylrohqfhskvlfdoylrohqfhfrusrudosxqlvkphqwvh[xdodexvhdqgh[sorlwdwlrqylrohqfhdprqjfkloguhqvhoikdupkdupixosudfwlfhvylrohqfhlqwkhpdvvphgldylrohqfhwkurxjklqirupdwlrqdqgfrppxqlfdwlrqvwhfkqrorjlhv,,,*(1(5$/35,1&,3/(67kh2ujdql]lqj&rpplwwhhdqghyhurqhdwwhqglqjwkhhyhqwdvsduwlflsdqwvshdnhuprghudwruwudqvodwrufdwhulqjsurylghuhwfduherxqgeqdwlrqdoodzdqgwkhsulqflsohvriwkh8qlwhg1dwlrqv&rqyhqwlrqrqwkh5ljkwvriwkh&klog&5&hqvxulqjwkdwwkh‡dfwlqwkhehvwlqwhuhvwvrifkloguhq‡uhvshfwwkhgljqlwridoofkloguhqdqghqvxuhwkdwh[suhvvlrqvruuhsuhvhqwdwlrqvwkdwglvfulplqdwhdjdlqvwylfwlplvhlqwlplgdwhulglfxohrughjudghdfklogrufkloguhqrujurxsvrishuvrqvpxvwqhyhuehxvhg:khuhlpdjhvridfklogrufkloguhqduhxvhgwkhvkrxoguhsuhvhqwwkhfkloglqdgljqlilhguhvshfwixodqghpsrzhulqjpdqqhu‡grqrkdupwrfkloguhq‡dyrlgdooirupvriglvfulplqdwlrq‡dgrswdqlqfoxvlyhdssurdfkwkdwlvvhqvlwlyhwrwkhvlwxdwlrqripruhyxoqhudeohrupdujlqdol]hgfkloguhqϯ&žƌăŷžǀğƌǀŝğǁžĩěŝĩĩğƌğŷƚĩžƌŵɛžĩǀŝžůğŷđğ͕ɛğğƚśğhežŵŵŝƚƚğğžŷƚśğzŝőśƚɛžĩƚśğśŝůě͛ɛ'ğŷğƌăůđžŵŵğŷƚež͘ϭϯ;ϯϭϭϭϳ͗dśğƌŝőśƚžĩƚśğđśŝůěƚžĩƌğğěžŵĩƌžŵăůůĩžƌŵɛžĩǀŝžůğŷđğ;zͬͬ'ͬϭϯϳϰ‡hqvxuhfkloguhqwkhuljkwwrvdqrepdnlqjvxuhwkdwwkhfklogxqghuvwdqgvklvrukhuuljkwwrlqwhuuxswzlwkgudzruvwrswkhlusduwlflsdwlrqdwdqwlphzlwkrxwwkhqhhgwrsurylghdmxvwlilfdwlrq‡uhvshfwfkloguhq¶vsulydfdqgshuvrqdolqirupdwlrqdqghqvxuhwkdwdqlqirupdwlrqrulpdjhwkdwfrxogehxvhgwrlghqwlidfklogrusxwwkhfklogdwulvnlvqrwxvhgruvkduhg,qdquhsruwlqjdqgfrppxqlfdwlrqderxwwkhhyhqwshuvrqdogdwdlqirupdwlrqdqglpdjhvriwkhsduwlflsdwlqjfkloguhqfdqrqoehjdwkhuhgxvhgdqgvkduhgzlwkwkhlqiruphgfrqvhqwriwkhfklogdqgwkhfklog¶vsduhqwrujxdugldqlqdffrugdqfhzlwkqdwlrqdoodzdqgrwkhudssolfdeohuhjxodwlrqv‡uhvshfwwkhhyroylqjfdsdflwdqgdjhqfrifkloguhq‡uhvshfwvfkloguhq¶vuljkwwrehkhdugdqgwkhluuljkwwriuhhgrprih[suhvvlrq‡zrunlqsduwqhuvklszlwkrwkhuvwrnhhsfkloguhqvdih‡hqvxuhwkdwfkloguhquhfhlyhfklogiulhqgolqirupdwlrqdgdswhgwrwkhfklog¶vdjhpdwxulwodqjxdjhjhqghudqgfxowxuh,952/(6$1'5(63216,%,/,7,(6(yhusduwlflsdqwdwwkh,qwhuqdwlrqdo&rqihuhqfhkdvdqdfwlyhurohwrsodlqfuhdwlqjdvdihdqghpsrzhulqjhqylurqphqwirudoofkloguhq(yhurqhdwwhqglqjwkh,qwhuqdwlrqdo&rqihuhqfhvkdoo‡uhdgdqgfrpsozlwkwklv&klog6dihjxduglqj3rolfdqg3urfhgxuhvdqgwkh&rghri&rqgxfwvhh$qqh[‡uhihudqfklogvdihjxduglqjfrqfhuqvlquhodwlrqwrfkloguhqdulvlqjdwwkhfrqihuhqfhwrwkh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwh7kh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwhvkdoo‡iroorzxsrqwkhuhihuuhgfklogvdihjxduglqjfrqfhuqvefrqvxowlqjzlwkwkhfklogvdihjxduglqjwhdpdqgwdnhdssursuldwhdfwlrqdvqhhghgϯϯđśŝůěɛăĩğőƶăƌěŝŷőğǆɖğƌƚɛěğɛŝőŷăƚğěďǉƚśğkƌőăŷŝǌŝŷőžŵŵŝƚƚğğ͘ϱ935(9(17,1*+$50$1'0,7,*$7,1*5,6.$fwlylwlhvlqyroylqjfkloguhq:khqsodqqlqjfkloguhq¶vsduwlflsdwlrqdwwkhfrqihuhqfhsuhsdudwruphhwlqjv±erwkrqolqhdqgriiolqh±dqgfkloguhq¶vfrqwulexwlrqvwrwkhsxeolfdwlrqvdqgfrppxqlfdwlrqpdwhuldovriwkhfrqihuhqfhwkh2ujdql]lqj&rpplwwhhvkdoofrqvlghu‡wkhqdwxuhriwkhlqirupdwlrqdffhvvhgrujdwkhuhglqfoxglqjshuvrqdolqirupdwlrqskrwrvylghrvwh[wdqgdxglruhfruglqjv‡zkhwkhusduwlflsdwlrqlqwkhdfwlylwpdkdyhkdupixofrqvhtxhqfhvruohdgwrlqwlplgdwlrquhsulvdovruwkhihdurivxfk‡zkhwkhuvrphfkloguhqpdidfhdgglwlrqdoyxoqhudelolwlhvdqguhtxluhvshflilfphdvxuhvwrhqvxuhwkhluvdihsduwlflsdwlrqlqwkhdfwlylw7kh2ujdql]huvvkdoofuhdwhdvdihhqylurqphqwirufkloguhq¶vlqyroyhphqwgxulqjwkh,qwhuqdwlrqdo&rqihuhqfheplwljdwlqjdqvshflilfulvnvlghqwlilhgdqgehqvxulqjwkhiroorzlqj‡&kloguhq¶vfrqwulexwlrqvlpdjhvdqgrwkhushuvrqdolqirupdwlrqvkdooehsuhvxphgwrehfrqilghqwldoxqohvvwkh2ujdql]lqj&rpplwwhhkdvuhfhlyhgzulwwhqfrqvhqwiruwkhxvhrivxfkpdwhuldorulqirupdwlrqdvsduwrilwvdfwlylwlhvvhh$qqh[irudwhpsodwhfrqvhqwirup‡0hglduhsuhvhqwdwlyhvdqgrwkhuylvlwruvwrwkhhyhqwvkrxogehdffrpsdqlhgewkh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwhrudqdssursuldwhghohjdwhzkhqkdylqjfrqwdfwzlwkdsduwlflsdwlqjfklogdqgvkrxogqrwehohiwxqdwwhqghglqwkhsuhvhqfhriwkhfkloguhq$oouhtxhvwvirulqwhuylhzvzlwkfkloguhqruphglduhsruwlqjrqfkloguhqsduwlflsdwlqjlqwkhhyhqwkdyhwrehvxeplwwhgwrwkhrujdqlvhuvriwkhhyhqwdqgwkh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwh$xwkrulvdwlrqirulqwhuylhzvzlwkfkloguhqpxvwrqoehjudqwhgzkhuhlqfrpsoldqfhzlwkwkhuljkwvdqgwkhehvwlqwhuhvwvriwkhfklogdqgzlwkwkhsulrulqiruphgfrqvhqwriwkhfklogdqgwkhfklog¶vsduhqwrujxdugldqϲ‡$qfrppxqlfdwlrqdqguhsruwlqjderxwwkhlqyroyhphqwrifkloguhqlqwkhhyhqwlqfoxglqjwkhsruwuddorifkloguhqlqwklvfrqwh[wvkrxogehedvhgrqidfwvdqgvkrxogsuhvhqwhpsdwklfdqguhvshfwixoodqjxdjh5hsruwlqjdqglpdjlqjfkloguhqsduwlflsdwlqjlqdqhyhqwpxvwqrwehpdqlsxodwhgruvhqvdwlrqdolvhglqdqzd&rppxqlfdwlrqvvkrxogdyrlgpdnlqjjhqhudolvdwlrqvzklfkgrqrwdffxudwhouhiohfwwkhqdwxuhriwkhvlwxdwlrqdqgslfwxuhvvkrxogqrwehwdnhqdqgxvhgrxwrifrqwh[w‡7kh2ujdql]huvvkdoouhiudlqiurpvkdulqjfkloguhq¶vshuvrqdoolghqwlildeohlqirupdwlrqvxfkdvwkhluixooqdphsrvwdodgguhvvqdphriwkhluvfkrrohpdlodgguhvvskrqhqxpehudqgghwdloviruwkhluvrfldophglddffrxqwv‡7kh2ujdql]huvvkdooqrwxqghuwdnhdqdfwlylwlhvrusurgxfhdqzulwwhqylvxdorudxglrfrqwhqwwkdwh[sorlwvfkloguhqvwljpdwl]hvwkhpruh[srvhvwkhpwrkdup‡$wwkh,qwhuqdwlrqdo&rqihuhqfhzkhuhfklogsduwlflsdwlrqlviruhvhhqwkh2ujdql]huvzloouhplqgdoosduwlflsdqwvriwkhqhhgwruhvshfwfkloguhq¶vsulydfdqgsurwhfwwkhpiurpkdupiruh[dpsohlquhodwlrqwrrwkhusduwlhvwdnlqjskrwrjudskvruvkdulqjghwdlovriwkhhyhqwrqvrfldophgld‡'xulqjrqolqhhyhqwvwkdwlqyroyhfkloguhqwkh2ujdql]huvvkdoofrqvlghuwkhxvhriwhfkqlfdowrrovdqgphwkrgvrilqwhudfwlrqwrnhhsfkloguhqvdihlqfoxglqjrxvlqjwkhhyhqwuhjlvwudwlrqixqfwlrqwrlghqwlisduwlflsdqwvxqghuwkhdjhrirvkdulqjvdihjxduglqjlqirupdwlrqdqgwkh&rghri&rqgxfwehiruhwkhhyhqwdqguhplqglqjsduwlflsdqwvriwkhpdlqsrlqwvdwwkhvwduwriwkhhyhqwrlqylwlqjfkloguhqwrglvsodwkhluiluvwqdphvrqorqwkhrqolqhsodwirupruhplqglqjfkloguhqqrwwrvkduhdqshuvrqdoolghqwlildeohlqirupdwlrqrglvdeolqjwkhfkdwixqfwlrqdqgruylghrirusduwlflsdqwvxqghuwkhdjhririlowhulqjtxhvwlrqvwkurxjkdprghudwru,qwhudfwlqjzlwkfkloguhqϳ7kh2ujdql]huvvkdoosurylghfrpsuhkhqvlyhlqirupdwlrqwrfkloguhqrqwkhlulqyroyhphqwdwwkhfrqihuhqfhlqfoxglqjwkurxjksuhsdudwruphhwlqjvzkhuhdssursuldwh7klvlqirupdwlrqvkdoolqfoxgh‡wkhsxusrvhriwkhdfwlylw‡krzwkhdfwlylwzloozrunsduwlfxoduoliwkhhyhqwlvsxeolfilophgzhefdvwskrwrjudskhgruuhfrughgiruixuwkhuglvvhplqdwlrq‡krzfkloguhq¶vlqsxwvzlooehxvhgdqgsduwlfxoduowkhlpsolfdwlrqvrivkdulqjlpdjhvdxglrwh[wdqgrwkhupdwhuldorqolqh‡ghwdlovrizkrzlooehlqwkhdxglhqfhrurwkhuzlvhsduwlflsdwlqjlqwkhhyhqw‡krzwkh2ujdql]huvzlooiroorzxsdqgsurylghihhgedfnrqwkhrxwsxwvdqglpsdfwriwkhdfwlylw7kh2ujdql]huvvkdoolqirupfkloguhqsduhqwvohjdojxdugldqvdqgruwkhrujdql]dwlrqidflolwdwlqjwkhsduwlflsdwlrqrifkloguhqlqwkhdfwlylwderxw‡wkhfklog¶vuljkwwrehsurwhfwhgiurpkdupzklohsduwlflsdwlqjlqwkhdfwlylw‡krzwkh2ujdql]huvdqgdoosduwlflsdqwvdwwkh,qwhuqdwlrqdo&rqihuhqfhvkrxoglqwhudfwzlwkfkloguhqlqolqhzlwksuhvhqw&klog6dihjxduglqj3rolfdqg&rghri&rqgxfw‡krzfkloguhqfdqnhhswkhpvhoyhvdqgrwkhuvvdihgxulqjwkhdfwlylw‡zkhuhdqgkrzfkloguhqfdqvhhnvxssruwliwkhfrqwhqwriwkhdfwlylwpdehwuljjhulqjruxsvhwwlqjlqfoxglqjwkurxjkorfdouhihuudoruvxssruwphfkdqlvpvhjkhosolqhv‡zkhuhdqgkrzfkloguhqfdquhsruwwkhlufklogvdihjxduglqjfrqfhuqvlqfoxglqjwkhqdphdqgfrqwdfwghwdlovriwkh&klog6dihjxduglqj)rfdo3rlqwridowhuqdwh9,5(6321',1*72&+,/'6$)(*8$5',1*&21&(5165hihuudowrwkh&klog6dihjxduglqj)rfdo3rlqwdqglpphgldwhiroorzxsθ6wdiiphpehuvsduwlflsdqwvwudqvodwruvyroxqwhhuvfkloguhqdqgdqrwkhushuvrqvsuhvhqwdwrudwwhqglqjwkh,qwhuqdwlrqdo&rqihuhqfhpdkdyhdfklogvdihjxduglqjfrqfhuqdvduhvxowri‡dfklog¶vglvforvxuhriylrohqfhdexvhruh[sorlwdwlrq‡wkhlurzqrevhuydwlrqvrqlqwhudfwlqjzlwkdfklog‡lqirupdwlrqrupdwhuldovkduhgedqrwkhusduwlqfoxglqjrwkhufkloguhq&rqfhuqvderxwvxvshfwhgsrwhqwldoruzlwqhvvhgfklogvdihjxduglqjlqflghqwvlqfoxglqjlqflghqwvriylrohqfhdqgrudexvhhlwkhuskvlfdovh[xdohprwlrqdoexoolqjruqhjohfwvkrxogehuhsruwhgwrwkh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwhlpphgldwhozlwkrxwsxwwlqjwkhfklogdwdqixuwkhugdqjhudqgdyrlglqjwkhulvnriuhlwhudwlrq7khuhsruwlqjshuvrqvkrxogpdnhdfduhixoqrwhridoouhohydqwghwdlovexwlwlvqrwklvkhuurohwrlqyhvwljdwhdfklogvdihjxduglqjfrqfhuqruwrsurehirudgglwlrqdolqirupdwlrq:khuhvrphrqhuhfhlyhvdglvforvxuhgluhfwoiurpdfkloglwlvlpsruwdqwwruhdvvxuhwkhfklogwkdwwkhkdyhgrqhwkhuljkwwklqjlqvkdulqjwkhlqirupdwlrqdqgwkdwdexvhlvqhyhuwkhluidxow7khfrqwdfwhgshuvrqvkrxoglqglfdwhwkdwvkhzlooqhhgwrvkduhwkhlqirupdwlrqzlwkwkh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwhzkrzlooehdeohwrkhos,wlvlpsruwdqwwkdwvkhqhyhusurplvhvdfklogwkdwvkhzloonhhswkhluglvforvxuhvhfuhw,qdgglwlrqvkhvkrxogqrwudlvhxquhdolvwlfh[shfwdwlrqvderxwzkdwwkh&klog6dihjxduglqj)rfdo3rlqwdqg&klog6dihjxduglqj7hdpfdqgr7kh&klog6dihjxduglqj)rfdo3rlqwrudowhuqdwhzloowkhqeulqjwkhpdwwhulpphgldwhowrwkhdwwhqwlrqriwkh&klog6dihjxduglqj7hdpzlwkduhfrpphqgdwlrqirudfwlrq7khuhfrpphqgdwlrqzloofrqvlghu‡dqlpphgldwhrulpplqhqwwkuhdwrikdupwrwkhfklogϰžŵɖžɛğěžĩϯđśŝůěɛăĩğőƶăƌěŝŷőğǆɖğƌƚɛěğɛŝőŷăƚğěďǉƚśğkƌőăŷŝǌğƌɛ͛žŵŵŝƚƚğğ͘ϵ‡wkhqhhgwrlqirupwkhfklog¶vsduhqwvohjdojxdugldqvdqgfrqqhfwwkhpwrvxssruwvhuylfhvzkhuhlwlvvdihwrgrvr‡wkhqhhgwrlqirupdqrwkhurujdql]dwlrqliwkhfrqfhuquhodwhvwrdqdffrpsdqlqjdgxowvwdiiphpehuruqrqvwdiishuvrqqhoriwkdwrujdql]dwlrq‡zkhwkhuuhihuudowrqdwlrqdoodzhqirufhphqwrufklogsurwhfwlrqdxwkrulwlhvzrxogehdssursuldwhdqglqwkhehvwlqwhuhvwvriwkhfklog7kh&klog6dihjxduglqj)rfdo3rlqwhqvxuhvwkdwwkhuhlvdozdvdihhgedfnsurylghgiruwkhshuvrqzkrkdvuhsruwhgdfklogvdihjxduglqjfrqfhuqrqwkhiroorzxsriklvkhuuhsruwϭϭ$11(;&2'(2)&21'8&7$ooghohjdwhvvwdiisduwqhuvfkloguhqdqgrwkhuvdwwhqglqjwkh&rqihuhqfhpxvwuhvshfwdqgdelghewkhvhµuxohviruehkdylrxu¶$oorujdql]huvvwdiighohjdwhvwudqvodwruvdqghyhurwkhushuvrqdwwhqglqjrufrqwulexwlqjwrwkhrujdql]dwlrqriwkh&rqihuhqfhkdyhdurohwrsodlqnhhslqjfkloguhqvdih,qdjuhhlqjwrdelghewklv&rghri&rqgxfwrxduhfrpplwwlqjwrwkhiroorzlqj,zloo‡dfwlqolqhzlwksuhvhqwfklogvdihjxduglqjsrolfdqgsurfhgxuhv‡uhvshfwwkhuljkwvsulydfdqggljqlwrifkloguhq‡uhvshfwwkhglyhuvhedfnjurxqgvdqgqhhgvrifkloguhqzlwkrxwpdnlqjdqsuhmxglfldodvvxpswlrqvderxwwkhp‡ehdzduhridqgghprqvwudwhdssursuldwhshuvrqdodqgsurihvvlrqdoerxqgdulhv‡uhvshfwwkhhyroylqjfdsdflwylhzvdqgdjhqfrifkloguhq‡ydoxhdqgwdnhfkloguhq¶vfrqwulexwlrqvvhulrxvodfwlyholqyroylqjwkhplqwkhsodqqlqjridfwlylwlhvzkhuhyhusrvvleoh‡frppxqlfdwhzlwkfkloguhqlqdzdwkdwlvvhqvlwlyhwrwkhludjhjhqghufrppxqlfdwlrqqhhgvdqgedfnjurxqg‡hqvxuhwkdwzkhqsuhsdulqjdqdfwlylwzlwkfkloguhqwkhxqghuvwdqgwkhjrdoriwkhdfwlylwzkdwwrh[shfwkrzwkhlulqsxwzlooehxvhgdqgkrzwkhrujdql]huvzlooiroorzxsdqgsurylghihhgedfn‡hqvxuhwkdwwkh2ujdql]lqj&rpplwwhhkdvrewdlqhgwkhixoolqiruphgfrqvhqwrifkloguhqdqgwkhlusduhqwvfduhjlyhuvirusduwlflsdwlrqdwwkh,qwhuqdwlrqdo&rqihuhqfh‡jlyhpixoodwwhqwlrqwrwkhfkloguhq,dpzrunlqjzlwkdqguhvshfwwkhlufkrlfhvderxwkrzwkhzlvkwrfrqwulexwhϭϭ‡fkdoohqjhxqdffhswdeohehkdylrxudqguhvsrqgwrdqfklogvdihjxduglqjfrqfhuqvsurpswolqolqhzlwksuhvhqwfklogvdihjxduglqjsrolfdqgsurfhgxuhv‡vwulyhwrehylvleohwrrwkhuvzkhqwkhfrphlqwrfrqwdfwzlwkfkloguhqdqgdgkhuhwrwkh³7zr$gxow5xoh´‡ehdzduhwkdwdvdqdgxowzrunlqjzlwkfkloguhqdqgrxqjshrsoh,dplqdsrvlwlrqriwuxvwvrwkhdozdvpdlqwdlqdssursuldwherxqgdulhv‡surpswovkduhdqvxvslflrqvrudoohjdwlrqvzlwkwkhfklogvdihjxduglqjirfdosrlqwuhjduglqjehkdylruvwkdwfrqiolfwzlwkwkh&klog6dihjxduglqj3rolfruwkh&rghri&rqgxfwlqfoxglqjdqiruprifklogdexvh‡wuhdwlqirupdwlrquhodwhgwrfklogvdihjxduglqjuhsruwlqjfrqilghqwldoo‡uhiudlqiurplqyhvwljdwlqjfklogvdihjxduglqjuhsruwvzklfkphdqv,grqrwfrqgxfwfodulilqjfrqyhuvdwlrqvzlwkwkhdoohjhgshushwudwrudqggrqrwdvnfodulilqjtxhvwlrqvwrwkhdoohjhgylfwlpexwlqvwhdgsurpswovkduhdoovxvslflrqvzlwkwkhfklogvdihjxduglqjirfdosrlqw‡kdqgohlqirupdwlrquhodwhgwrfkloguhqdqgrxqjshrsohfrqilghqwldoo‡vhhnwkhfrqvhqwriwkhfklogdqgwkhluohjdouhsuhvhqwdwlyhirudqmrlqwdfwlylwlhvrusurjudpv‡uhtxhvwwkhfrqvhqwriwkhfklogdqgwkhlusduhqwvjxdugldqvehiruhpdnlqjdqdxglruhfruglqjvruskrwrvruxvlqjwkhfklogvlpdjhruvwru7klvlqfoxghvh[sodlqlqjwrwkhfkloguhqdqgwkhluohjdouhsuhvhqwdwlyhvkrzwkhskrwrjudskvdqgsurylghglqirupdwlrqzlooehxvhg‡zkhqxvlqjwkhshuvrqdovwruriwkhfklogruwkhluidplo,zloosdvshfldodwwhqwlrqwrhqvxuhwkdwhyhqzlwkrxwdqdphwkhfklogruwkhluuhodwlyhfdqqrwehlghqwlilhg,zlooqrw‡+lwrurwkhuzlvhskvlfdoodvvdxowruskvlfdoodexvhfkloguhq‡'hyhorsskvlfdovh[xdouhodwlrqvklsvzlwkfkloguhqϭϯ‡'hyhorsuhodwlrqvklsvzlwkfkloguhqwkdwfrxoglqdqzdehghhphgh[sorlwdwlyhrudexvlyh‡$fwlqzdvwkdwpdehdexvlyhrupdsodfhdfklogdwulvnridexvh‡8vhodqjxdjhpdnhvxjjhvwlrqvruriihudgylfhwkdwlvlqdssursuldwhriihqvlyhrudexvlyh‡%hkdyhskvlfdoolqdpdqqhuwkdwlvlqdssursuldwhruvh[xdoosuryrfdwlyh‡+dyhdfklogfkloguhqzlwkzkrpwkhduhzrunlqjwrvwdryhuqljkwlqwkhlukrph‡'rwklqjvirufkloguhqridqlqwlpdwhqdwxuhwkdwwkhfdqgriruwkhpvhoyhv‡3huplwrusduwlflsdwhlqehkdylrxurifkloguhqwkdwlvloohjdoxqvdihrudexvlyh‡$fwlqzdvlqwhqghgwrvkdphkxploldwheholwwohrughjudghfkloguhqrurwkhuzlvhshushwudwhdqiruprihprwlrqdodexvh‡'lvfulplqdwhdjdlqvwvkrzgliihuhqwldowuhdwphqwruidyrxusduwlfxodufkloguhqwrwkhh[foxvlrqrirwkhuv1rwh7klvlvqrwdqh[kdxvwlyholvw7khsulqflsohlvwkdw2ujdql]huvdqghyhurqhlqyroyhglqdqgdwwhqglqjwkhhyhqwvkrxogdyrlgdfwlrqvruehkdylrxuwkdwpdfrqvwlwxwhsrrusudfwlfhrusrwhqwldoodexvlyhehkdylrxuylvjylvfkloguhqͳžŷɛğŷƚ&žƌŵĩžƌśŝůěwăƌƚŝđŝɖăŷƚͳsed͗:ƶɛƚŝđğƚśăƚtžƌŭɛžŷĩğƌğŷđğථăƚğ͗ϯϭͬϭϭͬϯϭϯϰtśğƌğ͗ƶěăɖğɛƚථwůğăɛğŭŝŷěůǉɛğŷěƚśŝɛđžŷɛğŷƚĩžƌŵďăđŭƚžǉɛğőƶůkǌăƚăǉɛğőƶůλǀăůŝěŝƚǉ͘ŷőžďǉϯϭͬϭϭͬϯϭϯϰ͘&ŝŷěžƶƚŵžƌğăďžƶƚƚśğđžŷĩğƌğŷđğƚăŭŝŷőɖůăđğśğƌğ͗śƚƚɖɛ͗ͬͬǀăůŝěŝƚǉ͘ŷőžͬϯϭϯϰͬϭϭͬϭϳͬũƶɛƚŝđğͳƚśăƚͳǁžƌŭɛͳđžŷĩğƌğŷđğͬžŷɛğŷƚžĩśŝůěwăƌƚŝđŝɖăŷƚeăŵğžĩƚśğğǀğŷƚ͗ăƚğžĩƚśğğǀğŷƚ͗>žđăƚŝžŷžĩƚśğğǀğŷƚ͗zžƶƌĩƶůůŷăŵğ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺzžƶƌěăƚğžĩďŝƌƚś͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺdśğĩƶůůŷăŵğžĩăɖăƌğŷƚͬůğőăůőƶăƌěŝăŷ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺdśğŝƌƌğůăƚŝžŷɛśŝɖƚžǉžƶ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺwůğăɛğƚŝđŭŝĩǉžƶăőƌğğ͗wăƌƚŝđŝɖăƚŝžŷăŷěɛăĩğőƶăƌěŝŷő☐/śăǀğďğğŷőŝǀğŷďăđŭőƌžƶŷěŝŷĩžƌŵăƚŝžŷăďžƶƚƚśğăđƚŝǀŝƚǉ͕/ƶŷěğƌɛƚăŷěǁśăƚƚśğăđƚŝǀŝƚǉŝɛăďžƶƚ͕ǁśăƚǁŝůůśăɖɖğŷăŷěŵǉƌžůğěƶƌŝŷőƚśğğǀğŷƚ͘☐/ƶŷěğƌɛƚăŷěƚśăƚŝĩ/ǁŝɛśƚž͕/đăŷđžŷƚăđƚƚśğžƌőăŷŝɛğƌɛƚśƌžƶőśžƶƚƚśğăđƚŝǀŝƚǉƚžěŝɛđƶɛɛǁŝƚśƚśğŵăŷǉƚśŝŷőƌğůăƚğěƚžŝƚ͘☐/ƶŷěğƌɛƚăŷěƚśăƚɖăƌƚŝđŝɖăƚŝžŷŝŷƚśŝɛăđƚŝǀŝƚǉŝɛžŷǀžůƶŷƚăƌǉďăɛŝɛăŷěƚśăƚ/đăŷɛƚžɖŵǉŝŷǀžůǀğŵğŷƚŝŷƚśğğǀğŷƚǁŝƚśžƶƚăŷǉŷğğěğěũƶɛƚŝĩŝđăƚŝžŷăŷěăƚăŷǉƚŝŵğ͘☐ථ/ƶŷěğƌɛƚăŷěƚśăƚŝĩ/ěğɛŝƌğ͕/đăŷśăǀğăŷăđđžŵɖăŷǉŝŷőăěƶůƚථƚžɛƶɖɖžƌƚŵğŝŷථŵǉɖăƌƚŝđŝɖăƚŝžŷ͘☐/ƶŷěğƌɛƚăŷěƚśăƚƚśğɖƌŝžƌŝƚǉžĩƚśğğǀğŷƚŝɛƚžŭğğɖđśŝůěƌğŷɛăĩğăŷěƚśăƚŝĩ/śăǀğăŷǉđžŷđğƌŷɛăďžƶƚŵǉžƌăŷžƚśğƌđśŝůě͛ɛɛăĩğƚǉ͕/đăŷɛɖğăŭƚžăŷăěƶůƚ/ƚƌƶɛƚžƌ/đăŷđžŷƚăđƚƚśğśŝůě^ăĩğőƶăƌěŝŷő&žđăůwžŝŷƚĩžƌƚśğăđƚŝǀŝƚǉ͘☐/ƶŷěğƌɛƚăŷěƚśăƚăśŝůěwăƌƚŝđŝɖăƚŝžŷăŷě^ăĩğőƶăƌěŝŷőwžůŝđǉăɖɖůŝğɛěƶƌŝŷőƚśğđžŷĩğƌğŷđğ͘wƌŝǀăđǉăŷěđžŵŵƶŷŝđăƚŝžŷɛ/ĩǉžƶɛăǉŷžĩžƌăŷǉžĩƚśğƌƶğɛƚŝžŷɛďğůžǁŝƚǁŝůůŷžƚƌŝɛŭǉžƶƌɖăƌƚŝđŝɖăƚŝžŷŝŷƚśğăđƚŝǀŝƚǉ͘tğǁŝůůƚăŭğɛƚğɖɛ͕ǁŝƚśŝŷžƶƌăďŝůŝƚǉ͕ƚžŵăŭğɛƶƌğƚśăƚŷžžŷğƚăŭğɛăɖŝđƚƶƌğžƌǀŝěğžžĩǉžƶăŷěŷžŷğžĩǉžƶƌŝŵăőğžƌƌğđžƌěŝŷőŝɛƶɛğěďǉăŷǉžŷğ͘ƌğǉžƶđžŵĩžƌƚăďůğƚśăƚǉžƶƌĩŝƌɛƚŷăŵğ͕đžƶŷƚƌǉžĩžƌŝőŝŷăŷěăőğŝɛɛśăƌğěǁŝƚśăůůɖăƌƚŝđŝɖăŷƚɛ͍☐z^☐ekžǉžƶăőƌğğƚśăƚƚśğžƌőăŷŝɛğƌɛƚăŭğɖŝđƚƶƌğɛ͕ăƶěŝžžƌǀŝěğžƌğđžƌěŝŷőžĩǉžƶěƶƌŝŷőƚśğđžŷĩğƌğŷđğ͍☐z^☐ekžǉžƶăőƌğğƚśăƚăŷǉŝŵăőğ͕ăƶěŝžžƌǀŝěğžɛğőŵğŷƚžĩǉžƶŵăěğěƶƌŝŷőƚśğđžŷĩğƌğŷđğđăŷďğƶɛğěďǉƚśğžƌőăŷŝɛğƌ͗ͳŝŷŷğǁɛɖăɖğƌɛ͕ďžžŭɛ͕ƌğɖžƌƚɛăŷěůğăĩůğƚɛ͍☐z^☐ekͳžŷğůğđƚƌžŷŝđŵğěŝă͕ŝŷđůƶěŝŷőɛžđŝăůŵğěŝăăŷěžŷƚśğŝŷƚğƌŷğƚ͍☐z^☐ek☐/ƶŷěğƌɛƚăŷěƚśăƚƚśğžƌőăŷŝɛğƌɛŵăǉƚăŭğŷžƚğžĩăŷěƶɛğɛžŵğžĩƚśğŝŷĩžƌŵăƚŝžŷ͕ɛƚăƚğŵğŷƚɛžƌžƚśğƌđžŷƚƌŝďƶƚŝžŷɛŵăěğďǉŵğǁŝƚśžƶƚŵğŷƚŝžŷŝŷőŵǉŷăŵğžƌăŷǉžƚśğƌŝŷĩžƌŵăƚŝžŷƚśăƚǁžƶůěăůůžǁɖğžɖůğƚžƌğđžőŷŝɛğŵğ͘dśğɖƶƌɖžɛğƚžƶɛğƚśŝɛŝŷĩžƌŵăƚŝžŷđăŷďğƚžŝŷĩžƌŵɖƶďůŝđƌğɖžƌƚɛžƌđžŵŵƶŷŝđăƚŝžŷɛăďžƶƚƚśğđžŷĩğƌğŷđğ͕ăŷěƚžɖƌžŵžƚğƚśğǁžƌŭžĩƚśğžƌőăŷŝɛăƚŝžŷɛžŷƚśğŝƌǁğďɛŝƚğăŷěͬžƌɛžđŝăůŵğěŝă͘☐/ƶŷěğƌɛƚăŷěƚśăƚăŷǉěăƚăžƌɖğƌɛžŷăůŝŷĩžƌŵăƚŝžŷśğůěăďžƶƚŵğǁŝůůžŷůǉďğăǀăŝůăďůğƚžƚśğžƌőăŷŝɛğƌɛăŷěśğůěžŷɖăɛɛǁžƌěɖƌžƚğđƚğěđžŵɖƶƚğƌɛ͘ĩƚğƌƚśğɖƌžũğđƚ͕žŷůǉŵǉĩŝƌɛƚŷăŵğăŷěđžŷƚăđƚěğƚăŝůǁŝůůďğŭğɖƚžŷƌğđžƌě͕ǁśŝđśǁŝůůďğěğɛƚƌžǉğěĩŝǀğǉğăƌɛăĩƚğƌƚśğɖƌžũğđƚŝɛđůžɛğě͘ăƚğăŷěůžđăƚŝžŷ͗^ŝőŷăƚƶƌğžĩƚśğđśŝůě͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ^ŝőŷăƚƶƌğžĩăɖăƌğŷƚͬőƶăƌěŝăŷ͗^ŝőŷăƚƶƌğžĩăɛƶɖɖžƌƚŝŷőžƌőăŷŝɛăƚŝžŷ;ŝĩɖžɛɛŝďůğϳ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺύdśğđśăɖğƌžŷğͬůğőăůőƶăƌěŝăŷͬɛƶɖɖžƌƚŝŷőžƌőăŷŝǌăƚŝžŷŵăǉďğƚśğɛăŵğɖğƌɛžŷ͘ŷŷğǆϭ͗tteddkd<^hzzkh&>t>kdekd&kzd>dkd<wzdžǉžƶśăǀğăŷǉăůůğƌőŝğɛǁğɛśžƶůěŭŷžǁăďžƶƚ͍zğɛežğƚăŝůɛ͗žǉžƶśăǀğăŷǉăěěŝƚŝžŷăůɛƶɖɖžƌƚŷğğěɛǉžƶ͛ěůŝŭğƶɛƚžŭŷžǁăďžƶƚ;ɖśǉɛŝđăůžƌůğăƌŷŝŷőěŝɛăďŝůŝƚǉ͕ŵğŷƚăůśğăůƚśŝɛɛƶğɛ͕ůžǁđžŷĩŝěğŷđğ͕ěŝĩĩŝđƶůƚŝğɛǁŝƚśđžŵŵƶŷŝđăƚŝžŷ͕ƚśŝŷőɛǉžƶĩŝŷěŝƚśăƌěƚžƚăůŭăďžƶƚϳ͍zğɛežğƚăŝůɛ͗/ɛƚśğƌğăŷǉƚśŝŷőğǆƚƌăǁğđăŷěžƚžŵăŭğɛƶƌğƚśăƚǉžƶđăŷđžŵğăůžŷőăŷěɖăƌƚŝđŝɖăƚğĩƶůůǉ͍zğɛežğƚăŝůɛ͗ƌğǉžƶƚăŭŝŷőăŷǉŵğěŝđăƚŝžŷǁğɛśžƶůěŭŷžǁăďžƶƚ͍zğɛežğƚăŝůɛ͗žǉžƶśăǀğăŷǉěŝğƚăƌǉƌğƌƶŝƌğŵğŷƚɛ͍zğɛežğƚăŝůɛ͗/ĩǉžƶɖƌăđƚŝđğăƌğůŝőŝžŷ͕ɖůğăɛğƚğůůƶɛŝĩƚśğƌğ͛ɛăŷǉƚśŝŷőđžŷŷğđƚğěƚžƚăŭŝŷőɖăƌƚŝŷƚśğğǀğŷƚƚśăƚǁğɛśžƶůěŭŷžǁăďžƶƚğƚăŝůɛ͗ŷŷğǆϯ͗/ed,sedk&dz'ezžŷƚăđƚɖğƌɛžŷɛŝŷđăɛğžĩdz'ez͘/ƚŝɛǀğƌǉŝŵɖžƌƚăŷƚǉžƶĩŝůůŝŷƚśŝɛɛğđƚŝžŷĩƶůůǉeăŵğϭ͗zğůăƚŝžŷɛśŝɖƚžǉžƶ͗wśžŷğŷƶŵďğƌ͗džďŝůğ͗eăŵğϯ͗zğůăƚŝžŷɛśŝɖƚžǉžƶ͗wśžŷğŷƶŵďğƌ͗džďŝůğ͗/ŷƚśğğǀğŷƚžĩğŵğƌőğŷđǉ͕ěžǉžƶăőƌğğƚśăƚǉžƶđăŷƌğđğŝǀğśžɛɖŝƚăůžƌěğŷƚăůƚƌğăƚŵğŷƚ͕ŝŷđůƶěŝŷőăŷăŷăğɛƚśğƚŝđ͍žđăƚŝžŷ;ǁśğƌğǉžƶůŝǀğϳ͗džěăǉ͛ɛěăƚğ͗wăƌğŷƚͬ>ğőăů’ƶăƌěŝăŷžŷɛğŷƚ;ŝĩƶŷěğƌϭθϳdśŝɛđśŝůěͬǉžƶŷőɖğƌɛžŷƶŷěğƌϭθ͗ŝɛăůůžǁğěƚžɖăƌƚŝđŝɖăƚğŝŷ͙͙͙͙͘͘;ğǀğŷƚϳŝɛăůůžǁğěƚžƚăŭğɖăƌƚŝŷŵğěŝăăđƚŝǀŝƚŝğɛăƚ͙͙͘͘;ğǀğŷƚϳśăɛďğğŷŝŷĩžƌŵğěăďžƶƚƚśğ͙͙͙͘͘;ğǀğŷƚϳőžăůɛ͕ƚśğǀžůƶŷƚăƌǉŷăƚƶƌğžĩɖăƌƚŝđŝɖăƚŝžŷăŷěăŷžŷǉŵŝƚǉŝŷăŷăőğͳăɖɖƌžɖƌŝăƚğǁăǉśăɛďğğŷŝŷĩžƌŵğěƚśăƚƚśğǉđăŷƌğĩƶɛğƚžɖăƌƚŝđŝɖăƚğăƚăŷǉƚŝŵğǁŝƚśŷžđžŷɛğƌƶğŷđğɛŝɛăůůžǁğěƚžƌğđğŝǀğăɖɖƌžɖƌŝăƚğŵğěŝđăůăƚƚğŷƚŝžŷĩƌžŵăƌğőŝɛƚğƌğěɖƌăđƚŝƚŝžŷğƌŝĩăƚăŷǉƚŝŵğŵǉđśŝůěƌğƌƶŝƌğɛƶƌőğŷƚŵğěŝđăůăƚƚğŷƚŝžŷ͕&ƶůůŷăŵğ͗zğůăƚŝžŷɛśŝɖƚžđśŝůěͬǉžƶŷőɖğƌɛžŷ͗>žđăƚŝžŷ͗ăƚğ͗