HRSSKLQ=! OTU!2(!"$+)(,'(!O35:(00(! ",*&+! E2.331).#$%!31)!-%!D+#<%1)! !!!!!!!!!!!!!!

Transcription

1

2 HRSSKLQ= OTU2("$+)(,'(O35:(00( "VW<=2&*3 "VX<M#%+*832(H5$$(,2($< "VY<M()0&:$()45&3,*'8#,G+ %3,%3,2(< "ZV<"3&:$(,3&$(* 8163'803$812$&(< "Z[<\+%3&G,#G()< "ZU<M#%+*832(]==R< "Z^<M()OE=(,45()*&3,< "W[<S#:&(635$%(G5+$&$< "W_<\35*(%#0#2&(()*5,( &,:&*#*&3,#5:31#G(&,*+$&(5$< "XZ<P&(,,35$$&$)3,'($:(#5 M#.$3%+0#`,( ()* 5,( (,a1%(,#*5$(00( *&$+( 2( 09#,#,#)< K5>35$2985& 2() $('8($'8() 2+%3,*$(,* )3, G$#,2 &,*+$7* 2#,)0()$85%#*&)%()/0#G35**(/ 0() *$35.0() 0# 6$+:(,*&3, 2() 0# $+)3$6*&3, 2() 680+.&*()/ 2() 8+%#*3%()/ 2() 680+.&*()/ 2() *5%(5$)(*2()b1)*()< =00()350#G(2()%#5;2(0#:&( 453*&2&(,,( (* '9()* I '( *&*$( 459(00( 2(:$#&* 7*$( 6$+)(,*( 2#,) *35*() 0() K 2+'35:$&$ #5; =2&*&3,) S+2&'&)?0() %&$#'0() 2( 0# P$3%+0#`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

3 E.8(&<+,%I1))%#,%)J K%-.L.&*+#&<().'%1&*;1% 2983%%#G(#5E$Q300&,=<P('b($fE<R<g45&&,)&)*#&* 2#,))()(;60&'#*&3,))5$09&%63$*#,'(250c'8($6$&)(/ #5 )(,) 2( )9#.#,23,,($< C9()* 5,( +:305*&3, 2() %+*832() 293)*+36#*8&( '$c,&(,,() %#,5(00().#)+( )5$ 5, )1)*-%( 29+'8#,G().&3+,($G+*&45() )9(;6$&%#,* 2#,) 25 0&45&2( '+68#03l $#'8&2&(,< M9#'*&3, 2( '() +'8#,G() 0&.-$( 0() *(,)&3,) 2() *(,23,)/ 2() #63,+:$3)() (* 2() %5)'0() 635$ 6($%(**$( I '8#45( '(0050( 2( $(*$35:($ 35 2( '3,)($:($ )3, %35:(%(,* 29+45&0&.$(< 6#$ $#663$* I '( 45& ()* '0#))&45(%(,* (,)(&G,+ (, 3)*+36#*8&( '$c,&(,,( =,(@@(*/0('3,'(6*@3,2#%(,*#0(,%+*832(H5$$(,2($$+)&2(2#,)0(@#&*45(0(6#*&(,*0c'8(6$&)( (*45(0(*8+$#6(5*(/(,'3,*#'*681)&45(/,(23,,(6#)29&,*(,*&3,<L00#&))(@#&$(0#'&$'50#*&3,+,($G+*&45( )5$0(63)*50#*459(00()#&*3d(00(23&*)(2&$&G($(,6$&3$&*+<e,#5*$(#)6('*@3,2#%(,*#02(0#%+*832( H5$$(,2($ ()* 093.>(* 295, 6$3'())5) 2( :#0&2#*&3, )'&(,*&@&45(/ )(03, 0() 6$&,'&6() 2( 0# %+2('&,(@#'*5(00(f"#$%&'()*$+,$#&#%g< E#,) '(**( )+$&( 29#$*&'0(),35) #.3$2($3,* 0() 2( 093)*+36#*8&( +,($G+*&45(/(*0()6$&,'&6()2(0#%+*832(H5$$(,2($<=,)5&*(,35)$(G#$2($3,)0()$+)50*#*):#0&2+)6#$ 2() +*52() '0&,&45() (*,35) 6#$0($3,) 2( 2+%#$'8() +45&:#0(,*() $+#0&)+() 2#,) 2() G$#,2) 8h6&*#5; 5,&:($)&*#&$()I*$#:($)0(%3,2(< FE%$)G#%)%3'*)%H C9()* 0( E$ i<j< He\]=QMKOE 45&/ 29&,:()*&G#*&3,)/ 2( 2&))('*&3,)/ 29(;#%(,) 2( '8#45( &,2(,*#*&3,2()3)2(0#@#'((*25'$c,(2+'35:$&*(*2+%3,*$#0#%3.&0&*+25'$c,((*)#@3,'*&3,<L009#,3%%+(k?S35:(%(,*Q()6&$#*3&$("$&%#&$(BfSQ"g(*#2+@&,&0()'&,4+0+%(,*)2()#'3%63)&*&3,k0( '$c,(/0()#'$5%/0#25$(%-$(/0()1)*-%(,($:(5;'(,*$#0fhocg(*0(0&45&2('+68#03l$#'8&2&(,fmcqg< M('$c,(85%#&,/'3,)*&*5+2(WW6&-'()3))(5)()#$*&'50+()0()5,()#:('0()#5*$()/23&*$()6&$($ 2#,)5,$1*8%($+G50&($#:('0(605)29#%60&*52(63))&.0(<M()3)25'$c,(,()3,*6#))352+)(,*$((5; %#&) %3.&0()/ 0() )5*5$() &,*$#'$c,&(,,() $(%60#'(,* 0() #$*&'50#*&3,)/ 0() 0&G#%(,*) $(%60#'(,* 0() %5)'0()< M() 60#45()3))(5)() 2( 0# :3m*( '$c,&(,,( f6#$ (;(%60(/ 0() 6#$&+*#5;/ (* 09+'#&00( 3''&6&*#0(g )3,* (,'0(,'8+() 0() 5,() 2#,) 0() #5*$() '( 45& 0() $(,2 )30&2#&$() '3%%( 0() 6&-'() 295, 65aa0(<M(5$)(;*$+%&*+))3,*2(,*(0+()(*)1%+*$&45()<L0(,()*2(%7%(635$0()Z[3)2(0#@#'((,G$(,+) 635$ '($*#&,) '3%%( 0( %+'#,&)%( 295,( 83$03G(< M#.3,,( '&$'50#*&3, 25 )#,G 2+6(,2 #5))& 2( '( %35:(%(,* '#$ 0() #$*-$() (* 0() :(&,()/ '3%%( 0# >5G50#&$(/ 6(5:(,* 2+6(,2$( 2() '3%6$())&3,) '$c,&(,,()/+*#,*23,,+459(00())3,*(,'3,*#'*#:('0()3)25'$c,(< FE%3.$)1:0+1?%H M#%#,&@()*#*&3,25SQ"#5,&:(#525)#'$5%)(*$#25&*6#$5,(.#)'50(25*$&#,G0()#'$+(,*$(0() 3)&0&#45()<M()#'$5%()*'3,)*&*5+2('&,4:($*-.$()60#*()@3$%#,*5,*$&#,G0(23,*0()3%%(*(,63&,*( )9#66(00(0('3''1;<C():($*-.$())()352(,*/(,6#$*#,*25.#)/2(0#45&,a&-%(I0#:&,G*l'&,45&-%(#,,+(/ %#&)0()5,&3,)'#$*&0#G&,(5)()2(09(,@#,'(6($%(**(,*I5,('($*#&,(45#0&*+2(%3.&0&*+2()5.)&)*($<H& '(**( %3.&0&*+ )9#0*-$( 35 2&)6#$#n*/,35) )3%%() (, 6$+)(,'( 295,( 6#*8303G&(<?H($$(a (, 6($%#,(,'(,9()*6#)09#**&*52(&2+#0(635$6($%(**$(#5SQ"2()9(;6$&%($/'9()*635$*#,*'(00(45(,35) $(,'3,*$3,)(,%#>3$&*+2#,),3)'#.&,(*)< <<on 2

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p$+45(%%(,*(,0+)&3,/)3,*$#&*(%(,*()**$36)35:(,*,+G0&G+(* 2( '(,*$( %+'#,&45(/ +,($G+*&45(/ 681)&303G&45(/ 6)1'8303G&45(/ )(;5(0 (* +%3*&3,,(0 459&0 $(6$+)(,*()3,*)35:(,*&G,3$+()< FE.,1)%>:M)%32(-.)?*&%&32(&%#,H =00($(6$+)(,*(5,(2()*$3&)%(%.$#,()'3,>3,'*&:()45&)+6#$(,*0('$c,(2(09(,'+68#0(<=,*$(0() 2(5;6$(%&-$()%(%.$#,()f0()605)6$3@3,2()g'&$'50(0(0&45&2('+68#03$#'8&2&(,<M#*$3&)&-%(%(%.$#,( 605) +6#&))( (* 605) $+)&)*#,*( $('35:$( 0#.3&*( '$c,&(,,( (* #28-$( I 093)< =00( )9#660&45( 23,' '3,*$( 0# 6#$3&&,*($,(25'$c,((,0#&))#,*6#))($2(G$3))():(&,()<=00(63))-2(2()6$303,G(%(,*)45&:3,*@3$%($ 2())3$*()2('03&)3,)(,*$(0()8+%&)68-$()'+$+.$#5;#&,)&459(,*$(0('($:(#5(*0('($:(0(*/5,6(5'3%%( 0#'345&00(2(0#,3&;45&0#$('35:$((*(,%7%(*(%6))+6#$(0()'($,(#5;6#$2()6(*&*)6$303,G(%(,*) &,*($,()<q($)0(.#)/(00(:#2()'(,2$((,$3.($*35*(0#%3(00(+6&,&-$('3%%(5,%#,'83,2(6$3*('*&3, f0(@35$$(#525$#0g<=00()9#**#'8(#5,&:(#525*$353''&6&*#0/#5,&:(#52()6$(%&-$():($*-.$()'($:&'#0()(* $()*(0&.$((,)5&*(635$@&,&$6#$)9#,'$($#5,&:(#525)#'$5%< C(**(0&#&)3,'$c,(l'($:&'#0()l)#'$5%6#$*&'&6(#5SQ"(*(;60&45(45('($*#&,)*$#5%#*&)%())#'$+) 65&))(,*#:3&$2()$+6($'5))&3,)#5,&:(#52(0#*7*((*25'35<M#25$(l%-$(63))-2(,#*5$(00(%(,*5,,&:(#5 2( *(,)&3,< =, 605) 2( )3, $h0( 29#%3$*&))(5$ (* 2( 6$3*('*&3,/ (00( )($* I G5&2($ (* 0&%&*($ 0() %35:(%(,*)2()3)'$c,&(,)/(,%7%(*(%6)459I0()%#&,*(,&$2#,)5,(63)&*&3,681)&303G&45(<C9()*0( G$#,2)1,'8$3,&)#*(5$25%35:(%(,*'$c,&(,<M()60#45()3))(5)()'$c,&(,,()$()*(,*)30&2#&$()2('(**( %(%.$#,(2#,)0#45(00((00()3,*G$#,2&(*(,)5.&))(,*0(%3&,2$(%35:(%(,*/0#%3&,2$('3,*$#$&+*+<K5 )(&,25SQ"/0#25$(%-$($(6$+)(,*(09+0+%(,*%+'#,&45(45&(,*$#n,(#5))&.&(,0()3)25'$c,(/45(0( )#'$5%/2#,)5,%35:(%(,*$1*8%+6#$0#$()6&$#*&3,5,&@&+(2(%&00&#$2)2('(0050()<j$c'(I2()63&,*) 29#**#'8()30&2(%(,*#,'$+)#5,&:(#52(093)@$3,*#0#52(:#,*25'$c,(/#5,&:(#525)68+,3`2(#5'(,*$( 25 '$c,( (* #5,&:(#5 2( 093''&65* I 09#$$&-$(/ 0# %(%.$#,( 6($%(* 29(,*$#n,($ 0() WW 3) '$c,&(,) 45& )9#$*&'50(,*0()5,)#:('0()#5*$()< H5$ 0( 6h0( &,@+$&(5$ (00( #'*&:( 0( )#'$5% 2#,) 5, %35:(%(,* 2( $3*#*&3, #5*35$ 295, #;( +,($G+*&45(G$c'(I)()63&,*)29#**#'8()5$0#2(5;&-%(6&-'()#'$+((*)#6$303,G#*&3,>5)459#5'3''1;I *$#:($)0(@&0*($%&,#0<=,2(83$)2()#@3,'*&3,2(%+'#,&)%(2(*(,)&3,$+'&6$345(/(00(()*0($+'(6*#'0(2( 0#6056#$*2(,3))*$())/,35))($$#,*0#*7*(45#,2(00(()**$3660(&,(35,35)$(%3,*#,*0(.#))&,45#,2,35))($$3,)0()@())()2(:#,*'(45(,35)'$313,)7*$(5,2#,G($<Q(0c'8($0#25$(%-$(2(8#5*(,.#)(* 2(.#)(,8#5*6($%(*I09+,($G&(2('&$'50($0&.$(%(,*I09&,*+$&(5$25@05;(*25$(@05;250&45&2('+68#03l $#'8&2&(,< FE%IN3&M:%#%)4%1L$%#&).-3%?+#5-%%&3%,(?+#5-%H M()1)*-%(,($:(5;()*#,#*3%&45(%(,*'(,*$#0356+$&68+$&45(<C(45(093,'3,)&2-$('3%%(0# 6#$*&( '(,*$#0( '3$$()63,2 #5 '($:(#5 (* #5 '($:(0(* 6$303,G+) 6#$ 0# %3(00( +6&,&-$(< \35) 0(),($@) 45& 6#$*(,*35$(*35$,(,*:($)'(*#;(,($:(5;f3,6#$0(2(,+:$#;(g)3,*'3,)&2+$+)'3%%(6+$&68+$&45()<K5,&:(#525'($:(#5/&0(;&)*(2(5;6#$*&()6$&,'&6#0()<r09(;*+$&(5$,35)*$35:3,)0('3$*(;'+$+.$#0<C9()*0# a3,( 2( *$#&*(%(,* 2() &,@3$%#*&3,) '3%60(;()< C3,)*&*5+( 2(,(5$3,() (, G$#,2( 45#,*&*+/ (00( 63))-2( 5,()5$@#'(60&))+(45(,35)'3,,#&))3,)*35)<C(**(6#$*&(25'($:(#5'3,*$h0(0($#&)3,,(%(,*/0(0#,G#G(/ 0#:&)&3,/09#52&*&3,/0#'3G,&*&3,< NoN 3

5 C9()*(,45(045()3$*(0(%&'$36$3'())(5$'(,*$#0<C('3$*(;()*G+,+$#0(%(,*'#6#.0(29&,8&.($0() 6#$*&() 605) $(6*&0&(,,( (* 0&%.&45(/ 2(,3*$( '($:(#5< M( '($:(0(*,9# 6#) 2( $h0( &0 6$303,G(0('($:(#5:($)0(.#)(,)(63)&*&3,,#,*>5)*(#5l2())5)2(0#%3(00(+6&,&-$(<L0#G&*'3%%(5,( )*$5'*5$(2('33$2&,#*&3,2())&G,#5;(*2()'3%%#,2()45&)3,**$#,)%&)():($)0#%3(00(<C(**(2($,&-$(,9+*#,* 4595, $+)(#5 f0(),(5$3,()g '3$$()63,2#,* 5, 6(5 I 5,( G3503**( 2( 'c.0() &$$#2&#,* *35* 093$G#,&)%(< M( )1)*-%(,($:(5; '(,*$#0 f'($:(#5 '($:(0(* %3(00( +6&,&-$(g ()* '3,)&2+$+'3%%(5,)(503$G#,(< E#,)0#2()'$&6*&3,25%35:(%(,*$()6&$#*3&$(6$&%#&$(3,6(5*0('3%6#$($I5,$(6*&0(f:()*&G(2(,3)3$&G&,()g45&/)35)0#6$())&3,250&45&2('+68#03l$#'8&2&(,/)(G3,@0((*)(2+G3,@0(/(,*$#n,#,*2#,))# *$#,)@3$%#*&3,0#25$(l%-$(/(00(l%7%(%(%.$#,(%3*$&'(2()3)25'$c,((*25)#'$5%<M()8+%&)68-$() '+$+.$#5;)(2&0#*(,*6(,2#,*09&,8#0#*&3,f&,)6&$#*&3,g(*)('3,*$#'*(,*6(,2#,*09(;8#0#*&3,f(;6&$#*&3,g 25 %+'#,&)%(< M( HOC #G&* '3%%( 5,( 63%6( G$c'( #5; _V %&00&#$2) 2( '(0050() 45& 0( '3%63)(,* (* )( '3%63$*(,*(00()#5))&/'3%%(2(%&,5)'50()63%6())35)0#6$())&3,250&45&2('+68#03l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k?S35:(%(,*$()6&$#*3&$(6$&%#&$(B< FE%-*;1*,%$('<.-+>).$<*,*%#5-1$&1%H M(0&45&2('+68#03l$#'8&2&(,fMCQg35(,'3$( 0&45&2('+$+.$3l)6&,#0fMCHg()*5,:('*(5$0&45&2&(, 25'3$6)85%#&,2#,)0(45(0.#&G,(,*0('($:(#5/0( '($:(0(*(*0#%3(00(+6&,&-$(<L0()*'3,*(,52#,)'( 45(093,#66(00(0()%+,&,G()<"05)6$+'&)+%(,*(,*$( 0# 6&(l%-$( 45& ()* %(%.$#,( $('35:$#,* *35* 0( )1)*-%(,($:(5; '(,*$#0 (* 0s#$#'8,3`2(< M( MCQ ()* 5, 0&45&2( %3.&0( f?:&:#,*bg )1,*8+*&)+ #5,&:(#5 2( 6(*&*() )*$5'*5$() *$-) :#)'50#$&)+()k 0() 60(;5) '83$3`2()/ 45& #66#$*&(,,(,* #5; :(,*$&'50() '+$+.$#5;<L0()*$+)3$.+2#,)5,(a3,(.&(,6$+'&)( 2(0#%(%.$#,(#$#'8,3`2&(,,(< C( 0&45&2( ()* '3,)&2+$+ '3%%( (, %35:(%(,* '#$ $(,35:(0+ 6#$ >35$ (, %31(,,(<M#'&$'50#*&3,250&45&2('+68#03l$#'8&2&(, #5 $1*8%( 2() %35:(%(,*) 25 '3$6) (* 2() %35:(%(,*)$()6&$#*3&$()<M(:305%(%31(,25MCQ ()* 2( ZUV %0< M( MCQ # 6$&,'&6#0(%(,* 5, $h0( 2( 6$3*('*&3, %+'#,&45( 25 )1)*-%(,($:(5; '(,*$#0 '3,*$(0()'83')6#$#%3$*&))(%(,*2()%35:(%(,*)/ &0 6$3*-G( #5))& 0() )*$5'*5$(),($:(5)() 2() &,@('*&3,) '#$ &0 '3,*&(,* 0() %+2&#*(5$) 2( 0s&%%5,&*+ 85%3$#0( (* '(0050#&$(< =, #.)(,'( 2( MCQ/ 0( %3&,2$( %35:(%(,* 25 '$c,(,35) 603,G($#&*/2#,)0(%(&00(5$2()'#)/2#,)0('3%#< M( MCQ ()* 3%,&6$+)(,* $(@05;g<C(%35:(%(,*23&*7*$(+45&0&.$+/+45&:#0(,* (* $+G50&($ 635$ (;6$&%($ 0#?H#,*+B< M( 0&45&2(,35$$&*(*,(**3&(,3)'(0050()/&0&$$&G5(,3)*&))5)'#$ 03$)45( '(5;l'& )9#))-'8(,* &0) %(5$(,* 35 )( '#0'&@&(,*< O35) 29(#5t 0( '3$6) 85%#&, ()* '3,)*&*5+ 2( _Uu 29(#5t 85%#&, )( 2+:(0366(2#,)0(60#'(,*#(*0#:&(:&(,*2(0#%($< M( 0&45&2( '+68#03$#'8&2&(, )( G0&))( *(0 5, 0&45&2( 2#,)5,0&45&2(/I6#$*&$25'#,#0#$#'8,3`2&(,/2#,) 0(45(0&0)9+'350(/&0:#)(6$303,G($2#,)0()#,G(*0# 01%68( 3d &0 2(:&(,* 6#06#.0( I 605)&(5$),&:(#5;< C3%%(0#@3$'(2(0#$&:&-$(45(093,:&(,*2(0&.+$($ 295,.#$$#G(/0(MCQG3,@0(0()0&45&2()(;&)*#,*)(* 0()635))(I@05'*5($/&0)(2+:($)(2#,)0()'#,#5;(* 0()2&0#*(< NoN 4

6 0()(,a1%()/0()30&G3l+0+%(,*)/0()%&,+$#5;/0()812$#*()2('#$.3,((*'<:($)'8#45('(0050(/:+8&'50+)6#$ 25'($:(#52#,)0(45(0&0()*6$325&*<L0#)3,6$36$($1*8%(45(093,6(5*$(*$35:($2#,)'8#45('(0050(<H&0( $1*8%(,9()* 6#) $()6('*+ '9()* 459&0 1 # 0+)&3, #5,&:(#5 295,( )&(5$) '(0050() f*&))5)g< j$c'( I 0# 65&))#,'(+,($G+*&45(25MCQ/0#350()'(0050()635$$3,*7*$(0&.+$+()2(0(5$)*(,)&3,)/#&,)&0($1*8%((*0# $()6&$#*&3,635$$3,*7*$($++45&0&.$+)<S#&)635$45(09#'*&3,)($+#0&)(/0(MCQ#.()3&,29#&2(k'9()*0I45(0( )&;&-%(+0+%(,*&,*($:&(,*N FE%3*L*M:%(-(:%#&6-%3+155-%,%-.4*%H O35):&:3,)2#,)5,e,&:($)3d*35*()*$(0&+<e,(:&)&3,25\35*()*605)45(,+'())#&$(#5>35$2985&/ (00(()*:&*#0()&,35)2+)&$3,)+:305($<E(0#6#$*&'50(I0#G#0#;&(/2(09&,@&,&%(,*6(*&*I09&,@&,&%(,*G$#,2/ 095,&*+ )9&%63)(< M() &,*($#'*&3,) (,*$( 0() 3.>(*) )936-$(,* G$c'( I 09+,($G&(< M9+,($G&( *$#,)63$*( 2( 09&,@3$%#*&3,/ %#&) 45(00( &,@3$%#*&3,A =, )1,*8+*&)#,* 0() 23,,+() I,3*$( 2&)63)&*&3,/,35) 635:3,) $+63,2$(45(09+,($G&('9()*093$2$(/0#%#0#2&('9()*0(2+)3$2$(<=,$('(:#,*09+,($G&(/09&,@3$%#*&3,'#6*+( 6#$093$G#,&)%(()*23,'63$*(5)(293$2$(/29+45&0&.$((*2()#,*+k'9()*093$2$(45&'3$$&G(0(2+)3$2$(<"35$ '&*($0("$<E5*8(&0k-+./01$ )$3#4+&0,,+3%+,0%$+*321+63,#%378+&63#+$+6)+&0%*&#%&+404)68+ $+6/01$1+4+$+6/#%901,)4#0%+:+6/;4)4+231<< "05),35)$('(:3,)09+45&0&.$(/605),35),35)$#66$3'83,)2563&,*29+45&0&.$(<C(**(+,($G&(,35) *$#:($)( (* 6$3:&(,* 25 :&2( '3)%&45(< M3&, 297*$( 2( 09()6#'( :&2(/ 5,( %($ 29+,($G&( '3%63)+( 29&,@3$%#*&3,)/2#,)0#45(00(,35).#&G,3,)#@&,2(,35)%(**$(681)&45(%(,*(,'3,*#'*#:('0($()*(25 '3)%3)<C3%%(2#,)0#%($*($$()*$(/0():#G5()6$36#G(,*0()+:+,(%(,*)(,*$(0()3.>(*)45&)91*$35:(,*< M("$<=<M#)a03,35)'3,@&$%(45(0(:&2(()*605)6$3'8(295,0&45&2(45(295,G#a(*+'$&*k-+.01*=3+%03*+ 21%0%*+=36=3*+,#66#1*+$+,06;&36*+$/)3+4+=3+%03*+6*+6)#**0%*+*+$#*21*18+66*+%+*3#"%4+2)*+3%+&031)%4+,)#*+*+$;26)&%4+#%$#"#$366,%4>+?)%*+6+"#$8+&2%$)%48+6*+2)14#&36*+*+$;26)&%4+)"&+&0@;1%&+4+*0%4+ #%41+16#;*+2)1+6+26)*,)+$3+"#$+*321+$%*8+,5,+*#+&+26)*,)+*4+$+$#7+:+"#%A4+90#*+263*+6#=3#$+=3+6/)3>+< M9(#5()*)35$'(29&,@3$%#*&3,k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i<j<He\]=QMKOE \(;*()(;*$#&*)250&:$(k?M('3$6)#5*3G5+$&))(5$B2(H<P$5))(0(*Q<S(1($l+2&*&3,)E($:1< 5

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j5&2+ 6#$ 5,( %#&, &,'3,,5( (* #:(' 09#&2( 2( *$3&) #%&)/ O&'b()(2+%-,(635$2+>35($0(*($$&.0(6$3>(*<S#&)0(*(%6)05&()* '3%6*+<C#$&0,9#45(45(045()>35$)635$)#5:($0(G(,$(85%#&,N K'3%%#,2($'8(aM()+2&*&3,)K%#0*8+(k 85%#,#l0l&%63))&.0(l8&)*3&$(l2(l0l85%#,&*(lWXZ[<8*% E.:(&<+,%OPKO )3& )#,) 09#&2( 295,( *&($'( 6($)3,,(< =00( '%):%& -2%55.$%:%#& ;1.3**::(,*.&,2(:+&*+#3/2(6(&,()/29#,G3&))()352('8#G$&,)< =*#5l2(0I2('()#)6('*)65$(%(,*6)1'8303G&45()/'(**(*('8,&45( 6(5*+G#0(%(,*)350#G($0(),+1-%1)3/0()'3,*$#'*5$()/0()&%#3*+#36 0() 2+%#,G(#&)3,)/ 0().$m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a>#%#&)0c'8+(<q3*$(5,&:($))9()* *$#,)@3$%+G$c'(I'(**($(,'3,*$(0&**+$#&$((*:35) 2(:(a$('3,,#n*$(459#5>35$2985&/'(0&:$(()*2(:(,5 5,(6#$*2(:3*$((;&)*(,'(< C9()* #&,)& 45( >( $('3,,#&) 45#,2 5, 35:$#G(%(6#))&3,,(<L0)9&%6$&%((,%3&#563&,* 2(*$#,)@3$%($*35*356#$*&(2(%3,(;&)*(,'(< w('3%%(,'(6#$0(0&:$(45&#*$#,)63$*+%# '#$$&-$(< L0 %9# 23,,+ (,:&( 2( 6$#*&45($ 09#$* 25 p(,g H85& >5)459I %3, %+*&($< e*&0&)($ )# %#&)3, '3%%( 35*&0 29+:305*&3, (, +*52&#,* 09(,:&$3,,(%(,* # +*+ 5,( :+$&*#.0( $+:+0#*&3,< L0 )9&,*&*50(FS.):+#*3%)4+&)%:.*3+#.4%$-%W%#? I<1*H,% X.)%# X*#?3&+#<"#$)3,+'$&*5$()&%60( (* )3, ()6$&* 052&45(/ 09#5*(5$ # )5 %( 23,,($ 09&%650)&3, 635$ *$#,)@3$%($ %# %#&)3,/ %# :&( (* %#'#$$&-$(6$3@())&3,,(00(<j$c'(I'(6(*&*0&:$(2( 63'8(/>(%()5&)$(*$35:+(I)5&:$(0()(;6($*)295, )#:3&$#,'()*$#0(*I603,G($2#,)2()2&a#&,()(*2() 2&a#&,() 2( 0('*5$() 45& *35'8#&(,* '( 23%#&,(< w9#& $+#0&)+5,(l.33b45&$(G$356(0()G$#,2()0&G,()2( '()6$+'(6*()#:('5,6$3*3'30()&%60(I%(**$((, 60#'(< q35) 635:(a 0( *+0+'8#$G($ G$#*5&*(%(,* )5$ '(0&(,vvv<:&:$(#:('83363,363,3<'3% FY#%'.)&,%4+&)%%L*3&%#$%7H e,#5*$(35:$#g(45&()*$()*+03,g*(%6))5$ %# *#.0( 2( '8(:(* )s&,*&*50(?z+&)% :*33*+#,% 4*%H '.) B.)+-% O,)*%##%< =00( ()* +G#0(%(,* '3l #5*(5$ 2(?M9(;6+$&(,'( 2( 0# 2&;&-%( 6$368+*&(B #:('w#%()q(2@&(02< "#)%3&,)2(45#*$('(,*)6#G()05()/$(05()/ %#$45+() (* &,*+G$+() >5)459I 2(:(,&$ 5, 35*&0 2( *$#:#&0(*2($('8($'8(<E(:(,&$0(8+$3)2()#:&((, #''+2#,*I0#'3%6$+8(,)&3,2()3,@3,'*&3,,(%(,* &,*+$&(5$()*2(:(,5%3,'$(232(65&)'(0&:$(<q3&'& 45(045() 0&G,() 45& %93,* 6($%&) 2( %935:$&$ I 5, #5*$(G(,$(2($+@0(;&3,k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c%() (* 2(:&(,* 0( 63$*(l6#$30( 295, %3,2( 3d 0( )5.*&0 ()* $3&< "#$'( 45( 09())(,*&(0 ()* 2( )( '3,'(,*$($ #:(' K%35$ )5$ 45( 093, )358#&*( $+#0&)($ 2#,) )3, (;&)*(,'(/(*45(0#q&(635$:3&*I,3*$(.&(,l7*$((, 6($%#,(,'(<M()2+@&)/0()'3,@0&*))3,*2()$#66(0)I,3*$( :50,+$#.&0&*+ (* '9()* 6#$ (00( 45(,35) 2+'35:$3,)0#'3%6#))&3,(*0#*30+$#,'(< M(63&,*@3$*2('(*35:$#G(45(>('3,)&2-$( #5))& '3%%( 5,( $+:+0#*&3,/ '9()* '(**( 68$#)( 45( *35*( 6($)3,,( 2(:$#&* (,*(,2$( (* )9(, &%6$+G,($?q35)#663$*(a2(0#:#0(5$I'(%3,2(B< NoN 7

9 w(*($%&,($#&)5$0(0&:$(2(]+#8*?1%-k1*=k?e%3 ^.$$+),3 &+-&M;1%3H7 j$c'( I '() 68$#)() 2(:(,5() '+0-.$()/ >9#& 2+'35:($* 4597*$( 85%#&, '9+*#&* 29#.3$2 #66$(,2$( I )3$*&$ 25 >5G(%(,*/ I )9+03&G,($2(0#'506#.&0&*+635$(,)5&*(7*$(#'*(5$2( )#:&(< "35$$#66(0/:3&'&0()45#*$(#''3$2)k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a 45( :3) #'*&3,) 3,* +*+ $+#0&)+() 2#,) '(**( &,*(,*&3, (* 459&0 2(:&(,* &%63))&.0( 2( >5G($ '( 45( 093,##''3%60&< e, '3'b*#&0 2(.3, )(,) 45& '3%60-*( 6#$@#&*(%(,* 0# %+*832( 2( G5+$&)3, 459()* ]39363,363,3< r:35)%#&,*(,#,*2($(*$35:($0()35:$#g() 45&3,**$#,)@3$%+:3*$((;&)*(,'((*2(0()6#$*#G($ #5*35$2(:35)< O#*8#0&(PRELO vvv<:&:$(#:('83363,363,3<'3% R.):* -. -*3&%,%3 UP -*4)%3 ;1* +#& F$<.#?( -% :+#,%H '.) -%1)3 )(4(-.&*+#3 3$*%#&*5*;1%36 3+$*.-%3 %& )%&%#1\ <M#'#)(2(09R,'0(\3%2(]<P(('8($H*3v( <S3.1E&'b2(]($%#,S(0:&00( <Z^Y[2(j(3$G(R$v(00 <j5($$((*6#&;2(m(3,\30)*3` <M("(*&*"$&,'(2sK,*3&,(2(H*=;56+$1 <M9#0'8&%&)*(2("#503C3(083 <M93$&G&,(2()()6-'()2(C8#$0()E#$v&, <C3%6$(,2$(0#$(0#*&:&*+2(K0.($*=&,)*(&, <M#.&.0( <M(C3$#, <M#\3$#8 <M(0&:$(2()%3$*)*&.+*#&,) <M()=,*$(*&(,)2(C3,@5'&5) <M#P8#G#:#2j&*# <x&w&,g <\#3*(y&,G B+#5()%#$%36.&%-*%)%&3&.?%S+2+'+#+'+#+,%C.&<.-*%DP]TC B+#5()%#$%3FQ1()*),%3$+#5-*&3.4%$S+2+'+#+'+#+H < P$5;(00()0(_)(6*(%.$(WVZX < S3,*$+#00(Z^)(6*(%.$(WVZX O&%-*%)FZ*4)%.4%$S+2+'+#+'+#+H < S3,*$+#00(W^)(6*(%.$(WVZX I&.?%FZ*4)%.4%$S+2+'+#+'+#+H S#$)(&00(0()_(*Y2+'(%.$(WVZX \35*()0()&,@3$%#*&3,))5$vvv<:&:$(#:('83363,363,3<'3% 8

10 RPTZK"CPTK%&SdRPBSEPKSd]KT" RPTZK"CPTK`'*'%)#*?)1:a E%'+*4)*%),+##%-%30.*%3,%'+*4)% #+*) &)M3 ')*3(%3 %# &.#& ;12('*$%7 T- %3& $1-&*4(,%'1*3 ('*$%3-%3'-13.#$*%##%3,%-2<1:.#*&(7 8&)*3&$(2s5*&0&)#*&3,(,%+2('&,(63650#&$(< F5(00())3,*0()6$36$&+*+)(*0():($*5)#**$&.5+()#563&:$(,3&$A e,( 2() 6$36$&+*+) 25 63&:$(,3&$ ()* I *$#:($) 0# 6#$3& &,*()*&,#0(/ 5,( %(&00(5$( #))&%&0#*&3,2(),5*$&%(,*)/:&*#%&,()/%&,+$#5;(*681*3,5*$&%(,*)6#$0s3$G#,&)%(/$#&)3,635$0#45(00(3, #>35*()35:(,*2563&:$(,3&$I'($*#&,()6$+6#$#*&3,)2()5660+%(,*)(*:&*#%&,(),#*5$(0)< M#C3(,a1%(FZV/0(.7*#'#$3*-,(/0#:&*#%&,(Pz/0()+0+,&5%)($3,*#.)3$.+)I5,*#5;)56+$&(5$2(XVu 03$)459&0))3,*'3%.&,+)#:('2563&:$(< M( 63&:$(,3&$ ()* 6$&,'&6#0(%(,* 5*&0&)+ 635$ $(%+2&($ #5; 2&@@&'50*+) 2&G()*&:() (* I 09&,)5@@&)#,'( 8+6#*3l6#,'$+#*&45(< L0 ()* 5*&0&)+ 635$ *$#&*($ 0() *$35.0() 2&G()*&@)/ (, 6#$*&'50&($ 635$ +0&%&,($ 0() :($) 6#$#)&*() (* '3%%( )*&%50#,* 2( 0s#66+*&*< L0 '3,*&(,* 5, 6$&,'&6( #'*&@ #66(0+ 2#2;1#%/ 45& )*&%50( 0# 6$325'*&3,2(.&0(6#$0(@3&(<M($h0(2s+65$#*(5$2(*3;&,()>35+6#$0(@3&(()*#&,)&$(,@3$'+G$c'(#563&:$(< E()*$#:#5;3,*%3,*$+45s&0#5G%(,*#&*0#)+'$+*&3,25)5'6#,'$+#*&45(/'(45&05&23,,(5,(#'*&3, 2&G()*&:('($*#&,()5$0()812$#*()2('#$.3,((*0()G$#&))()< / 9

11 e,( +*52( )52l'3$+(,,( 6#$5( (, %#& WVZW (* 65.0&+( 2#,) 0( w35$,#0 KG$&'50*5$#0 #,2 p332 C8(%&)*$1#%3,*$+'3%%($+)50*#*6$+0&%&,#&$(45( 0( 63&:$(,3&$ #5$#&* 5, 6$3*('*(5$ 2#,) 2(,35:(00() '(0050() G$#&))(5)()< L0 635$$#&* #&,)& 7*$( 5*&0&)+ '3,*$( 0( )5$63&2) 35 0s3.+)&*+'#$&0)*&%50(0#2+'3%63)&*&3,2()'(0050() G$#&))(5)()< M( 63&:$(,3&$ )*&%50( 0s()*3%#' (* '(05&l'& $+#G&* (, #5G%(,*#,* 0# )+'$+*&3, 2s#'&2( '803$812$&45( 45& 6($%(* 2s#%+0&3$($ '3,)&2+$#.0(%(,* 0# 2&G()*&3,< M( 63&:$(,3&$ &,*()*&,#5; '3%%( 0(),#5)+()/ 0() 2&#$$8+()/ 0() :3%&))(%(,*)/0()'3,)*&6#*&3,)< 0( '#0&.$( 2() :#&))(#5; )#,G5&,) 2() 3$G#,() )(;5(0)#5G%(,*(/'(**(#'*&3,+*#,*)*&%50+(6#$0( R,05&#**$&.5(23,'2()6$36$&+*+)'5$#*&:()'3,*$( 0# 6($*( 29+$('*&3, (* 09#,3$G#)%&(/ 6($)&)*#,*(2(6($*(2560#&)&$)(;5(0< 0s3;1G+,#*&3, 2() *&))5) (* )*&%50(,* 0# G0#,2( *81$3`2(< M3$) 295,( +*52(/ 09#2%&,&)*$#*&3, 3$#0( 453*&2&(,,( 2( W/UV %GobG 2( 6&6+$&,( 6(,2#,* ZU >35$) # #.#&))+ 0() *#5; )+$&45() 2( *81$3;&,( (* 0# *$&&323*81$3,&,( #&,)& 45( 0() '3,'(,*$#*&3,) 2( G05'3)(f"#,2#(*y#$/WVVXg< M( 63&:$(,3&$ 6$+)(,*( 2() 6$36$&+*+) &%%5,3%3250#*$&'() (* ()* (, %()5$( 2( $(,@3$'($ 0(,3%.$( (* 0s(@@&'#'&*+ 2() G03.50().0#,')< C9()* 23,'5,65&))#,*%31(,2(2+@(,)('3,*$(0s&,:#)&3, 2()%&'$3.()< H3, 635:3&$ #,*&.#'*+$&(, # +*+ 2+%3,*$+ 635$ 605)&(5$) ()6-'() 2(.#'*+$&()/ 23,* 0() H*#68103'3''5) #5$(5)/ M#'*3.#'&005) 60#,*#$5%/ C&*$3.#'*($ )6/ =)'8($&'8&# '30&/ "0()&3%3,#) )8&G(003&2() y0(.)&(00# 6,(5%3,&#(/ ")(523%3,#) #($5G&,3)# (* S&'$3'3''5)$3)(5)< =00( ()* +G#0(%(,* '3,)(&00+( 2#,) 0() '#) 29#,G&,()/ 2(.$3,'8&45() '8$3,&45() (* 2( 0#$1,G&*() 635$ )3, (* (;6('*3$#,*(< M( 63&:$(,3&$ '3,*$('#$$( 0( 2+:(0366(%(,* 25 '#,'($< M# 6&6+$&,( &,8&.( 0() '1*3b&,() 6$3l &0 &,*($@-$( #:(' 0() %+'#,&)%() 2( )&G,#0&)#*&3, (,*$( 0() '(0050() '#,'+$(5)()/ $+25&)#,* #&,)& 0() '8#,'() 2( 6$3G$())&3, *5%3$#0(< C() 25 63&:$(,3&$ 5,( +6&'( &%63$*#,*( 635$#&2($I6$+:(,&$0('#,'($< M():($*5)#,*&2+6$())&:()2563&:$(,3&$)3,*.&(,'3,,5(),3*#%%(,*2#,)0#2+6$())&3,/0s#,;&+*+/ 0s&,)3%,&((*0#6(5$<M#6&6+$&,(2563&:$(#5G%(,*( 0( *#5; 2( )+$3*3,&,( 45& ()* 5,,(5$3*$#,)%(**(5$/ '(05&l'& >35#,* 5, $h0( &%63$*#,* )5$ 0(.&(,l7*$( +%3*&3,,(0(,G+,+$#0< M# 6&6+$&,( ()* 09&,G$+2&(,* #'*&@ 2#,) '(**( +6&'( 45& 6(5* #5G%(,*($ 09#'*&:&*+ %(,*#0( (, )*&%50#,*0#6$325'*&3,2(0983$%3,()+$3*3,&,(< M#6&6+$&,(/#2%&,&)*$+(I2()$#*)fWV%GobGg 6(,2#,* 5,( 6+$&32( 2( ZV )(%#&,()/ # (,*$#n,+ 5,( $+25'*&3,,3*#.0(2#,)0(),&:(#5;25'830()*+$30*3*#0 #&,)&45(2()*$&G01'+$&2()fq&>#1#b5%#$(*K0/WVVWg< M( 63&:$(,3&$ ()* 5, #,*&'3,:50)#,* 2( 0#$G(l )6('*$((*#5,(@@(*635$'($*#&,)*16()2s+6&0(6)&(< e,( +45&6( 2( '8($'8(5$) 25 y&,g9) C300(G( M3,23,##5))&%3,*$+/2#,)5,(+*52($+#0&)+()5$2() )35$&)/45(0#6&6+$&,(#&2#&*I)*&%50($0#6&G%(,*#*&3, '8(a0()6($)3,,())35@@$#,*25:&*&0&G3< M( :&*&0&G3 2+*$5&* 0# %+0#,&,( 45& 23,,( I 0# 6(#5 )# '350(5$< M# %+0#,&,( 6$3*-G( 2() $#13,) 50*$#:&30(*) '9()* 635$453& 0() 6($)3,,() #**(&,*() 2( :&*&0&G3 )3,*.(#5'356605)(;63)+()#5'#,'($2(0#6(#5< M(63&:$(,3&$'3,*&(,*605)&(5$)#,*&3;12#,*) 65&))#,*)< H3, 5)#G( ()* &%63$*#,* 635$ 6$+:(,&$ (* $+25&$(0()*$())3;12#*&@< M# 6&6+$&,( 3@@$( #5))& 5,( 6$3*('*&3, '3,*$( 0()23%%#G()3;12#*&@)6#$0()(,a1%()25@3&(< M(%#&,*&(,295,*#5;,3$%#02()5'$(2#,)0( )#,G ()* 2+6(,2#,*/ (,*$( #5*$(/ M9(,23*8+0&5% ()* 5, *&))5 $('35:$#,* 09&,*+$&(5$ 25 'J5$ (* 2() :#&))(#5;< M9(,23*8+0&5% )+'$-*(2())5.)*#,'()45&#G&))(,*)5$0#2&0#*#*&3,(* 0# '3,)*$&'*&3, 2() :#&))(#5;< E9#5*$( 6#$*/ 09(,23*8+0&5%6($%(*0()+'8#,G()2(0&45&2((,*$(0() :#&))(#5; (* 0() *&))5) )&*5+) (,*$( 0() 3$G#,() (* 0() *&))5)&,*($)*&*&(0)< <<<<<on 10

12 E#,) 0( 2&#.-*(/ 0( $h0( 6$3*('*(5$ 2( l L0 ()* &,2&)6(,)#.0( 635$ #))5$($ 5,(.3,,( 09(,23*8+0&5% )(%.0( 2&%&,5+ 6$&,'&6#0(%(,* 6#$ 5, 2&G()*&3,/ (* 23,' 5,(.3,,( #))&%&0#*&3, 2() %#,45( 2( %3,3;12( 29#a3*( f3;12(,&*$&45( k ORg<,5*$&%(,*)#.)3$.+)< M9&,#'*&:#*&3, 25 %3,3;12( 29#a3*( ()* 6$&,'&6#0(%(,* l L0 '3%%(,'( 0# 2&G()*&3, 2() 6$3*+&,() 2#,) 25( I 5,( )5$6$325'*&3, 2( $#2&'#5; 0&.$()< C() 09()*3%#'65&)&0)*&%50(0(6#,'$+#)#@&,45('(05&l'& $#2&'#5; 0&.$() %32&@&(,* 2+@#:3$#.0(%(,* 0() 6$325&)(2()(,a1%()2&G()*&@)<L0)*&%50(+G#0(%(,* %+'#,&)%()2(0#6($*(2(0#:#)32&0#*#*&3,2+6(,2#,*( 0#:+)&'50(.&0&#&$(635$09+'350(%(,*2(0#.&0(2#,) 2(09(,23*8+0&5%3.)($:+('8(a0()2&#.+*&45()< 0(2532+,5%< l L0 )($* #5))& I #)(6*&)($ 0(.30 #0&%(,*#&$( (, M# $(0#*&3, (;&)*#,* (,*$( &,)50&,3$+)&)*#,'( (* 2+*$5&)#,* 0().#'*+$&()/ :&$5)/ 0(:5$() (* 21)@3,'*&3,(,23*8+0&#0(()*'3%60(;(/%#&)0()@#'*(5$) '8#%6&G,3,)< :#)3'3,)*$&'*(5$) 6$3l#G$+G#,*) (* %&*3G-,() )( w( '3,)*#*( #5>35$2985& 45(,35) )3%%() %#&,*&(,,(,*/ :3&$( )9&,*(,)&@&(,* 6#$ '#$(,'( 2( 6$()45(*35)605)35%3&,)2+@&'&(,*)(,6$325'*&3, %3,3;12( 29#a3*(< M( OR # +G#0(%(,* 5,( #'*&:&*+ 29#'&2('803$812$&45(/)#'8#,*45('(*+*#*)9#GG$#:( &,8&.&*$&'()5$09#28+)&:&*+60#45(**#&$(< (,:&(&00&))#,*< M(*$#,)@($*2(0s&,)50&,(I*$#:($)0s(,23*8+0&5% 6#4%'&04#4%7-(1'(7&+#4%)#%'#$$#%3&(44#%4,1$\ :($)0()*&))5)&,*($)*&*&(0)()*5,68+,3%-,(#'*&@(*2( )35%&) I 2() %+'#,&)%() $+G50#*(5$)< L0 ()* lm(%#,45(2(%#)*&'#*&3, &,*+$())#,* #03$) 2( '3,)&2+$($ 45s5,( 21)@3,'*&3, l e,( 2+@&'&(,'( 2( '($*#&,),5*$&%(,*)/ '3%%( 0( (,23*8+0&#0(6(5*7*$(I0s3$&G&,(2(0s&,)50&,3$+)&)*#,'(< a&,' Ms&,)50&,( (;($'( 681)&303G&45(%(,* 5, (@@(* l M9#0'#0&,&)#*&3, 25 0&45&2( G#)*$&45( 6#$ 0# :#)32&0#*#*(5$< '3,)3%%#*&3,29(#5#0'#0&,( l M# 6$&)( 2( %+2&'#%(,*) fr%+6$#a30( 35 =, '3,'05)&3,/ 09(@@(* :#)32&0#*#*(5$ 25 63&:$( C&%+*&2&,(g<,3&$#&,)&45()3,#'*&3,#,*&3;12#,*635$05**($'3,*$( lm#'3,)3%%#*&3,29#,*&.&3*&45() 0() (;'-) 2( $#2&'#5; 0&.$() 635$$#&* #663$*($ 5,( lm()603%.#g()#5%($'5$( #%+0&3$#*&3, '8(a 0( 2&#.+*&45( 6#$ $+:($)&.&0&*+ 2( 0# le,(6$+2&)63)&*&3,g+,+*&45( 21)@3,'*&3,(,23*8+0&#0(< lm98163*81$3`2&( lm#.#'*+$&(]=mlcrpkc\=q"xmrql L0(,()*2(%7%(635$09816($*(,)&3,#$*+$&(00(< le,('3,)3%%#*&3,(;'())&:(2(g05'&2() =00( )9#''3%6#G,( 29#,3%#0&() )*$5'*5$(00() (* lp3&$(i>(5,0(%#*&,35(,2+.5*2()$(6#)(,*$#n,( M($+*#.0&))(%(,*295,(:#)3%3*$&'&*+2(09(,23*8+0&5% $#6&2(%(,*0())5')2&G()*&@)2#,)0('h03,<C())5') 6#$0(63&:$(,3&$635$$#&*'3,)*&*5($5,(2()'&.0()25 :3,*23,'09#G$())($6#$#5*301)(< *$#&*(%(,*#,*&816($*(,)(5$< SdRPBSEPKSd]KT"%&OBSEPKSd]KT" l M() '$52&*+)/ 6$&)() (, 6$(%&($/ (%63$*(,*/ (00() #5))&/0())5')2&G()*&@)45&@($3,*2+@#5*635$0($()*( 25$(6#)< lm()*$())6#$@#&.0(6$325'*&3,29#'&2(g#)*$&45(< K5>35$2985&/ 2-) 0( 2&#G,3)*&' 63)+/ 5, '($*#&,,3%.$( 2( 6#*8303G&() :3,* 7*$( )1)*+%#*&45(%(,*81% $&09% ):&'()#% '*+,-*.)-(/0#% 3&4%;&% ),1'% *$#&*+()/ 45( '( )3&* (, %+2('&,( #0036#*8&45( 35 #1<#1)-#-%)(55=-#1$#4% 7&$*,+,<(#4%,0%,#*5$(00(< "35$*#,*/ '($*#&,() '#5)() ).45,1'$(,11#2#1$4%> &%63$*#,*()/ $()63,)#.0()(,G$#,2( 6#$*&( 2( '()6#*8303G&()/ )3,* lk,+%&(&,(;60&45+(/@#*&g5('8$3,&45(< 6(5'3,,5():3&$(35.0&+()< lr)*+363$3)(/#$*8$&*(< M98163'803$812$&( 35 09#'803$812$&( (, )3,* 2() l K$*8$&*( $85%#*3`2( (* #5*$() 2+)3$2$() #5*3l (;(%60()'$&#,*)< &%%5,)< l C#$(,'() (, :&*#%&,() 25 G$356( P (* 605) M9#'&2('803$812$&45(()*6$325&*6#$0()'(0050() 6#$*&'50&-$(%(,* (, PZW 6#$ %#5:#&)( #))&%&0#*&3,< 6#$&+*#0() 2() 6#$3&) 2( 09()*3%#'< H& 635$ 2&:($)() S#&) +G#0(%(,* '#$(,'() (, %&,+$#5; *(0) $#&)3,)/ 0# 6$325'*&3, 29#'&2( '803$812$&45(.#&))(/ a&,'/%#g,+)&5%/'#0'&5%(*'5&:$(< )9&,)*#00(#03$)098163'803$812$&(< C() '#$(,'() (, :&*#%&,() 25 G$356( P H& '(**( 6$325'*&3, ()* 45#)&%(,*,500(/ :3&$( #.)(,*(/#5G%(,*(,* 0( *#5; 2983%3'1)*+&,( 60#)%#*&45( '9()*09#'803$812$&(< 2#,)0()#,G<C3%%(09#.&(,2+%3,*$+0(E$y&0%($ SCCeMMx/0983%3'1)*+&,(()*0#6$&,'&6#0('#5)(2() "#$%&'()#%'*+,-*.)-(/0#%&%)#%1,23-#04#4%5,1'$(,14\ #''&2(,*)'#$2&3:#)'50#&$()f&,@#$'*5)35KqCg< NoN 11

13 ls#5:#&)(#))&%&0#*&3,2()6$3*+&,()(,*$#n,#,*5,( 6($*( 2( %#))( %5)'50#&$( %#0G$+ 5,( #0&%(,*#*&3, '3$$('*(< l K5G%(,*#*&3, 25,3%.$( 29&,*30+$#,'() #0&%(,*#&$()(*29#00($G&()< l "$3.0-%() 29#66+*&* f)3&* (;'())&@/ )3&* #.)(,*g (,*$#n,#,*5,(6$&)(2(63&2)355,(6($*(2(63&2)< l K+$368#G&( #6$-) #:3&$ %#,G+/,#5)+() $+G50&-$() #6$-)0()$(6#)/'h03,&$$&*#.0(< l"($*(2('8(:(5;/3,g0())( #,*< l L,@('*&3,) :(,#,* 2() 0(:5$()/ '8#%6&G,3,) (* 6#$#)&*()< lk',+/('a+%#(*6$3.0-%()2(6(#5< l E+%(,'( (* K0a8(&%($/ 65&)45( '() %#0#2&() )3,* $(0&+() I 0# '#$(,'( (, (* I 0# :&*#%&,( PZW< le350(5$i093%360#*(35i09+6#50(2$3&*(< ll,)3%,&(6$3:345+(6#$5,(%#5:#&)(#))&%&0#*&3, 25%#G,+)&5%#0&%(,*#&$(< 6#%-#5+09%<&4$-,?@4,7*&<(#1 M( 23'*(5$ w3,#*8#, iqlj]\/ 2#,) )3, 0&:$(?i81 H*3%#'8 K'&2 L) x35b (;60&45( 45( ^Vu2()()6#*&(,*))35@@$#,*2($(@05;G#)*$&45()3,* (,8163'803$812$&(< M3$) 295, 6$3.0-%( 2( $(@05; G#)*$3l J)368#G&(,/&0()*'35$#%%(,*#2%&)45('(05&l'&()* 2mI5,()*3%#')('$+*#,**$3629#'&2('803$812$&45(< L0 )($# #03$) 6$()'$&* 2() #,*&l#'&2()/ '( 45& :# #663$*($ 5, )350#G(%(,* *(%63$#&$(< H(50(%(,*/ 0# 2&G()*&3,)(@#&*(,*$(6]W(*6]U<M9()*3%#'#23,' #.)305%(,*.()3&, 295, (,:&$3,,(%(,* #'&2( 635$ 2&G+$($0()#0&%(,*)<K0'#0&,&)($0(%&0&(5)*3%#'#06#$ 2() #,*&l#'&2(),( 6(5* 7*$( 4595,( )305*&3, I *$-) '35$* *($%(/ %#&) *3*#0(%(,*,+@#)*( I 5,(.3,,( )#,*+< M#:$#&(45()*&3,()*2('3%6$(,2$(635$453& 0( )68&,'*($ J)368#G&(,,9()* 605) +*#,'8( (* 0#&))( $(%3,*($0('3,*(,5#'&2(2(09()*3%#'< C3%%(0(2+%3,*$(0(E$w3,#*8#,iQLj]\/ 5, &,2&:&25/ 6#$ 09(@@(* 295, )*$())/ :($$# #66#$#n*$( 5,( %#0 2&G()*&3, '#5)+( 6#$ 5,( 6$325'*&3, &,)5@@&)#,*(2()5')2&G()*&@)/#:('635$'3,)+45(,'( 0#6$30&@+$#*&3,2(.#'*+$&()< C().#'*+$&()/ (, )( 2+:(0366#,*/ 6$325&)(,* 5,( G$#,2( 45#,*&*+ 2( G#a< C( G#a '3%6$&%( 0( )68&,'*($ J)368#G&(, (* #03$)/ 0( $(@05; G#)*$&45( )9&,)*#00(< A#4$%7,0-%4&;,(-%4(%;,04%B$#4%#1%*.7,'*+,-*.)-(#C% H5$ 5,( >35$,+(/ %#*&,/ %&2& (* )3&$/ #:(' 5, ()*3%#' :&2(/ 23,' #:#,* 2( %#,G($/ %(**$( Zo[ 2( '5&00-$(I'#@+2(.&'#$.3,#*(2()352(2#,)5,:($$( 29(#5< P3&$( 0( %+0#,G( (* 6$(,2$( 5,( %3,*$(< Q(G#$2($ '3%.&(, 2( %&,5*() ()*,+'())#&$( I 0# 6$325'*&3,2($h*)'3,)+45(,*)< H& 0() $h*) #$$&:(,* 2#,) 0() 5,( I 2(5; %&,5*()/0(*#5;29#'&2('803$812$&45(()*,3$%#0<H& '9()* (,*$( *$3&) I '&,4 %&,5*()/ &0 1 # 8163'803$812$&( f*#5;.#)g< K5l2(0I 2( U %&,5*()/ '9()* 09#'803$812$&( f63*(,*&(00(%(,* 6#) 29#'&2( '803$812$&45(g< O3*#kM(%+0#,G(2#,)09()*3%#'25.&'#$.3,#*(2( )352( (* 2( 09#'&2( 25 2&3;12( 2( '#$.3,(< C9()* '( G#a 45& '$+( 0() +$5'*#*&3,)< D,0-%+&%2&E,-($=%)#4%(1)(;()04F%(+%4#-&%1='#44&(-#% ):&2=+(,-#-% 4&% 7-,)0'$(,1% ):&'()#% '*+,-*.)-(/0#%#1\ l #5G%(,*#,* 0() f'$52&*+)g/ $&'8() (, (,a1%()2&g()*&:() l %#,G(#,* I 2#,) 5, (,:&$3,,(%(,* $(0#;#,* l%#)*&45#,*.&(,0()#0&%(,*) l.5:#,*2(09(#56(,2#,*0()$(6#)%#&)(,45#,*&*+ %32+$+( l#1#,*5,('3,)3%%#*&3,$#&)3,,+(2(:&, l 6(,)#,* #5 a&,' 45& ()* *$-) &%63$*#,* 635$ 0# %545(5)( &,*()*&,#0(< O35) 0( *$35:($3,),3*#%%(,*2#,)0():&#,2()$35G()/0()63&))3,)/0() J5@)(*0()@$5&*)2(%($< l (, '3,)3%%#,* 2() 3%+G# X ="KoE]K 45& &,*($:&(,,(,* 2#,) 0# '3%63)&*&3, 2() %(%.$#,() '(0050#&$()< CRSS=O\ KS{MLRQ=Q HK "QREeC\LRO E9KCLE=C]MRQ]xEQLFe=A H5&:#,* 0() $+)50*#*) 25 *()* #5.&'#$.3,#*( 2( )32&5%k "$(,2$( #5 %&0&(5 2() *$3&) $(6#) f#6$-) 0( 60#* 6$&,'&6#0 (* #:#,* 0# '$52&*+gk 63&:$(,3&$ (, G$#&,)f#:#0($#:('2(09(#5)#,)%c'8($gk l IZ'5&00-$(I'#@+)&8163'803$812$&(f*#5;.#)g l W '5&00-$() I '#@+ )& #'803$812$&( f63*(,*&(00(%(,* 6#)29#'&2('803$812$&45(g M( 63&:$(,3&$ +*#,* 5, :#)32&0#*#*(5$/ &0 ()* &%6+$#*&@ 2( 6$(,2$( (, %7%( *(%6) 0( '803$5%#G-,(45&05&/#5,(#'*&3,:#)3'3,)*$&'*$&'(k 8**6koovvv<:&:$(#:('83363,363,3<'3%o*(0('8#$G( $l6$()(,'(l,35:(00(l,l[l'wzvx[^zw M(63&:$(,3&$/2#,)'(**(#))3'&#*&3,/,9#6#) 2( '3,*$(l&,2&'#*&3,)/,3*#%%(,* 2#,) 0() 6#*8303G&()8+%3$$3`2#&$()< x:()ckhhkqeo#*5$36#*8( VzYW[ZZV[W 8**6koovvv<1:()'#))#$2<'3%o 12

14 e(:+*?#.?%3 *35*(8(5$(5)(25)+>35$459(00(:(,#&*2(6#))($%#&)0('J5$5,6(5G$3)2(2(:3&$6#$*&$/(00(2+'&2#2( 6$(,2$( 45(045() 683*3) )35:(,&$ 25 0&(5 23,' 2( 0# 6&)'&,( &,*+$&(5$( 3d (00( #:#&* 6#))+ 29#G$+#.0() %3%(,*)2($(0#;< =00( # 6$&) '() 683*3) 0( )3&$ :($) ZY8 2(65&) 09(;*+$&(5$ 2($$&-$( 0# :&*$(< S#&) 09&,*+$&(5$ +*#,* )3%.$(/(00(2+'&2#2(6$(,2$()()683*3)#5@0#)8<C(,9()*459(,$(G#$2#,*605)*#$2)()683*3)459(00((, $('3,,5* 0()?.&aa#$($&()B< "35$ (00(/ 0() )&0835(**().&(, :&)&.0() $#13,,#,* 0# 05%&-$(/ $(6$+)(,*(,* 2() G5&2()352()6$3*('*(5$):(,5)295,(#5*$(2&%(,)&3,< C8#'5,1:($$#'(459&02+)&$($#< 13

15 E%0*%#>9&)%.4%$-. C+&)%('+;1%%3&3N#+#N:%,%$<.#?%:%#&37 I*# #331)4*4)%61#%.,.'&.&*+#).'*,%5.$% A-.&).#35+):.&*+#,%#+&)%%#4*)+##%:%#&%&.1L #+:0)%1L5.$&%1)3;1*#+135.f+##%#&`'.&)*:+*#%?(#(&*;1%6-*%1,%4*%6#1&)*&*+#6(:+&*+#3[a'.).g& #($%33.*)%7 e<().'%1&%6 c()(:n D)%&+#. 3+1<.*&(,(4%-+''%) 1#%.'')+$<%?-+0.-% #.&1)%--% '+1) -29&)% <1:.*#.4%$-%3$+#&).*#&%3,%#+&)%('+;1%7 8+#<*3&+*)% C3%%(.(#5'356 2( 6($)3,,() >9#& 6($25 2() 6$3'8()23,*'($*#&,)#:#&(,*5,(81G&-,(2(:&(45&%( )(%.0#&* I ( &$$+6$3'8#.0(< C9+*#&* E#,) 5, 6$(%&($ *(%6) (, )3$*( 2( 09&,'3%6$+8(,)&3, *3*#0(/ >( %( 2(%#,2#&)k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k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b/y35)%&,(/K2#%3/E3G,#<<<(*'(0#%9# 2&G+$($ 2() #0&%(,*) %32&@&+) #:(' 2() 635))+ I (;6+$&%(,*($ 2&@@+$(,*) %32() #0&%(,*#&$()/ #>35*) 2( '3,)($:#*(5$)/ 2() '5&))3,) *$-) 8#5*() 45& #:(' 2() $+)50*#*) 6#$@3&) %&*&G+) (* 6#) *35>35$) I 0# #663$*(,*2()%32&@&'#*&3,)%30+'50#&$()&%63$*#,*()/ 8#5*(5$2($()*$&'*&3,)#0&%(,*#&$()&%63$*#,*()< (* 2() %32() 2( 6$325'*&3,) 6#) *35>35$) *$-) '0#&$) w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j$c'(i*35*()'()#66$3'8()2&@@+$(,*()>9#&65 %3,2((,*&($< (;6+$&%(,*($2())305*&3,),#*5$(00())5$0()#5*$()(* M3$)45(093,$(G#$2(0#03,G+:&*+(*0#:&G5(5$ )5$%3&l%7%((*>91#&65&)+'(45&%9#)(%.0+7*$(0( 2(,3)G$#,2)l6#$(,*)/3,(,:&(,*6#$@3&)I)( 605)>5)*(635$%#6$#*&45(< 2(%#,2($ '3%%(,* 2() 6($)3,,() 45& 3,* 65 :&:$( "(*&*I6(*&*>(%()5&)#6($D545(>(%(2&$&G(#& 2() G5($$()/ G+,3'&2()/ 35 '3,2&*&3,) 2( :&( 6#$@3&) :($)2())3&,)(,%9#@@$#,'8&))#,*2()6$3*3'30()(*45( &,)#05.$() (* '( 6(,2#,* 2() #,,+()/ >9#:#&)(,:&(2()5&:$(%3,&,*5&*&3,<"#$@3&)'(0#%(,#&* 635$ )5$:&:$( (* #:3&$ 5,( )#,*+ 6#$@3&) (,'3$( I2()$+)50*#*)*$-)6$3.#,*)(*6#$@3&),3,< )56+$&(5$(I0#,3*$(< NoN 14

16 "35$%#6#$*0('$&*-$(6$&,'&6#045&$(,*$((, '3%6*(()*0()5&:#,*k-% :+#,%,% hvib #2%3& '.3,1&+1&-%:9:%;1%$%-1*,%ij^V7 F5( '( )3&* 2#,) 0() 8#.&*52() 2( :&( (* M( 2+:(0366(%(,* 2() *$#,)63$*)/ 0() *+0+:&)&3,o3$2&,#*(5$/ *+0+683,( 63$*#.0(/ 0() )#*(00&*() 45& 45#2$&00(,*,3*$( '&(0/ 09#G$&'50*5$(&,*(,)&:(N =,)(50(%(,*5,)&-'0(0983%%(()*6#))+2( 0#'8#$$(**(#5;,#:(**():31#G(#,*2#,)09()6#'(/2( 0# 63%%( '5(&00&( 2#,) )3, 63*#G($ #5 %#`) *$#,)G+,&45(/ 25 *+0+G$#%%( #5 *+0+683,( 63$*#.0( C3%%(,* *35* &0 6#),3*$( '3$6) M9#0&%(,*#*&3,k#00&+(35(,,(%&( =00( ()* 5,( :#$&#.0( &%63$*#,*( 2( 0# )#,*+ )5$ 0#45(00(,35)635:3,)(,'3$(#G&$< C(6(,2#,* 0() $+G&%() o 8#.&*52() #0&%(,*#&$())3,*60+*83$()< M()45(0))5&:$(A"35$453&(,)5&:$(5,605*h* 4595, #5*$(A E3&*l3, )5&:$( 0( %7%( %32( #0&%(,*#&$( (, 6($%#,(,'(A C() 45()*&3,) '350($.(#5'35629(,'$(< K '( )5>(* 0().#)() #0&%(,*#&$() 2( 09+,($G+*&45( '8&,3&)( (* 2( 09K15$:(2# )3,* *$-) &,*+$())#,*()< P&(,45('3%60(;()/0()6$&,'&6()%#>(5$)635$$#&(,* (,7*$(2+G#G+)'3%%()5&*k S#,G($03'#0(%(,* S#,G($2()#0&%(,*)2()#&)3,) q#$&($0#'350(5$2()#0&%(,*) "$(,2$( (, '3,)&2+$#*&3, 0(),#*5$() (* 45#0&*+)2()#0&%(,*) Cs()*lIl2&$( 459(, 605) 2( 09#)6('* 65$(%(,* +,5*$&*&@ 35 5*&0&)($# 0#,#*5$( 2( 09#0&%(,* #@&, 29+45&0&.$($,3*$( 3$G#,&)%(< "#$ (;(%60(/ 5,( 6($)3,,( 45& # 5,( '3,2&*&3, 2#,) 0( '3$6) 2(:$#&* )98#.&*5($ I 5*&0&)($ 2() #0&%(,*) '8#5@@#,*) f'3%%(0(g&,g(%.$(g< e, &,2&:&25 45& # 5, *$35.0( 2( )+'8($())( 2#,) 0( '3$6) #5$# &,*+$7* I '83&)&$ 2() #0&%(,*) 3,'*5(5;/85%&2()f*(00(.(5$$(6#$(;(%60(g< C() #66$3'8().&(, 45( *$-) #,'&(,,() )3,* 6#$@#&*(%(,* #2#6*#.0() 2(,3) >35$) %7%( )& (00(),+'())&*(,* 5,( '($*#&,( &,&*&#*&3, 635$ 7*$( 6$#*&45+() (* #@&, 297*$( 6($)3,,#0&)+< 0()&,*30+$#,'()o#00($G&()#0&%(,*#&$() %32($,() :&(,,(,* '3%60&45($ 0# '83)( (* $+25&)(,* 6#$@3&) 2$#)*&45(%(,* 635$ '($*#&,() 6($)3,,() 0( '8#%62()#0&%(,*)63))&.0()f%7%('(5;'3,)(&00+) (,*8+3$&(6#$'()%+2('&,()#,'()*$#0()g<w9#&*$35:+ &'&5,'8#00(,G(45&%9#)(%.0+&,*+$())#,*k E+:(0366($ 5,( #66$3'8( 45& 6$(,,( (, '3%6*( 0():#$&#.0()%32($,()2(,3*$((,:&$3,,(%(,*(*45& 635$$#&(,* :&# 2() '3$$('*&3,) +,($G+*&45() 2&))&6($ '() &,*30+$#,'() (* #2#6*($ 2( %#,&-$( 23,' *$-) 2+*#&00+( (* 6($)3,,#0&)+( 5,(,5*$&*&3, 6$36$( I '8#'5,)(03,)#'3,)*&*5*&3,/)()@3$'()/)()@#&.0())() (*)()2&@@+$(,*()6+$&32()2#,)0#:&(< M())*$())+%3*&3,,(0) e,( :#$&#.0( &%63$*#,*( 2#,) 0() %+2('&,() 3$&(,*#0()#,'()*$#0()<"05)&(5$)#66$3'8()%32($,() 3,* +G#0(%(,* #**()*+() 2( 0(5$ &,*+$7* (*,3%.$(5; )3,* 0() *8+$#6(5*() 45& 6$h,(,* 5,( #66$3'8( 6)1'83)3%#*&45(< 6#$*&/ (* )(03, %3& 5,( +%3*&3,%7%(&)30+((**35*I@#&*6#))#G-$(2#,)5, 6#))+03&,*#&,#657*$(0(2+'0(,'8(5$:3&$(6#$@3&)0# )35$'( 295, *$35.0( #'*5(0/ (* '( 29#5*#,* 605) #5>35$2985& #5 :5 2(,3*$( 3$G#,&)%( )300&'&*+ 2( *35*(6#$*<S3,#66$3'8(6($%(*2(@#&$('(0&(,(,*$( 5,(+%3*&3,(*5,)1%6*h%()(03,2()*()*)45(093, %(*(,60#'((*0('3$6),35)23,,($#2()$+63,)()< q&# 605)&(5$) %#,&650#*&3,) +,($G+*&45() 3, 0# 2&))&6#*&3, 295, )*$()) 6$3:345+ 6#$ 5, +:+,(%(,*(,6#$*&'50&($/45&05&l%7%(#65@#:3$&)($ 5,(6#*8303G&(#'*5(00(< M(*($$#&,681)&303G&45(()*23,'6$&%3$2&#0/'#$ 5,(+%3*&3,+*&45(*+(&2(,*&45(f6(5$/'30-$(<<g6(5* #:3&$ 2() $+6($'5*&3,) *3*#0(%(,* 2&@@+$(,*() )(03, 0()&,2&:&25)(*)(03,0(5$'3,)*&*5*&3,< E93d 09&,*+$7* 29#:3&$ 5,( 2+%#$'8( 6$(,#,* (, '3%6*( 09#)6('* +,($G+*&45(/ 6)1'83)3%#*&45(/ (*,5*$&*&3,,(0 f(, 605) 295,( 2+%#$'8( #0036#*8&45(.&(,(,*(,25(g< NoN 15

17 E.:(&<+,%S""P *()*) 6($%(**(,* 293.*(,&$ 0() $+63,)() 25 '3$6) f6350)/ *()* %5)'50#&$()Ng< )#:3&$ (,)5&*( 0() &,*($6$+*($/ '( 45&,9()* 6#) *35>35$) )&%60(< "$(,3,) 09(;(%60( 295,( 6($)3,,( 45&#5,('a+%#< P#,)%33%). 1# 0*-.# (#%)?(&*;1% $+:'-%&6 %& +#.''+)&%).,%3$+))%$&*+#3(#%)?(&*;1%3)5$k 0#'3,)*&*5*&3,2(.#)(2(09&,2&:&25 C3%%(,* ()* 093))#*5$( 2( 0# 6($)3,,(A R) 6$3+%&,(,*)A E( G$3) %5)'0()A R5 5, *16( 2( 681)&45()(*6)1'8303G&45()AC3%%(,*+*#&*0#)#,*+ 23,*&0#66$+'&#.0(29(,2$())($0(63$*$#&*< M() 6$3.0-%() 2() 30&G3l +0+%(,*)o:&*#%&,()N L0) 6(5:(,* 2+$+G0($ 0( '3$6) &,*(,)&*+ f@#*&g5( 6#))#G-$(/ )3%%(&0 6(5 $+'56+$#*(5$/ %#5; 2( *7*(/ *(,)&3,)/ 6$3.0-%() '5*#,+) Ng (* I 8#5*( &,*(,)&*+ f@#*&g5( '8$3,&45(/ )6#)%368&0&(/ #00($G&()/ 2350(5$)/Ng< M()&,*30+$#,'()#0&%(,*#&$() K:('2()*()*)+,($G+*&45()3,:#2+*($%&,($)&0# 6($)3,,( I 2() &,*30+$#,'() I 2() )5.)*#,'()o#0&%(,*)f)(0/)5'$(/0#'*3)(/G05*(,Ng< M# '3$$()63,2#,'( 3$G#,()o:&)'-$() ()* &,*+$())#,*(/65&)459(00(6($%(*2(23,,($2()6&)*() )5$ 2() 6#*8303G&() '&.0+() k E#,) 0( '#) 2( 0# 6($)3,,( 45& #:#&* 09('a+%#/ (00( )35@@$#&* #5,&:(#5 2(0#Y(%(23$)#0(f45&()*(,$#663$*#:('0(@3&(gk :&# 5, $+G&%( #2#6*+/ 3, 6(5* 6#$@3&) '3$$&G($ '( 6$3.0-%(<M(@3&($(*$35:($#)3,60(&,63*(,*&(0/(*0# Y(%( 23$)#0( )($# 0&.+$+( (, 6#$*&( 35 6#$@3&) *3*#0(%(,*2('()*(,)&3,)< e, $+G&%( #0&%(,*#&$( #2#6*+ (* 2() '3$$('*&3,) +,($G+*&45()/23,,($3,*0(60(&,63*(,*&(0#5@3&((*I f)#,g5&,()/ 2+*3;&,#*&3,)/ %+*#.30&)#*&3,)Ng< w9#>35*( 2#,) %# 6$#*&45( 5, *35'8($ +,($G+*&45( #5,&:(#5 2( 0# %3(00( +6&,&-$( #&,)& 4595,( '3$$()63,2#,'( 2( )#:(5$ f)(03, 09+,($G+*&45('8&,3&)(g/2#,)0('#)25@3&(&0)9#G&$#2( 0#)#:(5$#'&2(/45(093,'3$$&G($#)&.()3&,< M():&$5)o.#'*+$&()o6#$#)&*() H(03, 0( E3'*(5$ C0#$b/ '($*#&,) 6#$#)&*() )3,* *35>35$) (, (;'-) 2#,) 2() *$35.0() 6$+'&)< M() )5.)*#,'() '8&%&45() '3%%( 0(5$ (,*$+( 2#,) 0() *&))5) (* 6($*5$.($#&(,*0(@3,'*&3,,(%(,*2()'(0050()< w( '3,)(&00( )35:(,* 2() '5$() #,*&6#$#)&*#&$()< C3,'($,#,* 0().#'*+$&()o:&$5)/ 5, 3$G#,&)%( )#&, I 09&,*(00&G(,'( &,,+ 2( $+G50($,3) #,*&'3$6) 635$ 05**($< R, '8($'8($# I.33)*($ 0( )1)*-%(&%%5,&*#&$(< M() &,*3;&'#*&3,) #5; )5.)*#,'() '8&%&45() f%+*#5;035$2)/6()*&'&2()ng M() 603%.#G() 2(,*#&$()/ 0() 6()*&'&2() 5*&0&)+) 635$,(**31($ 0() 0+G5%()/ 0() :#''&,)N )($3,* I 6$(,2$( (, '3%6*( 2#,) 2() *$35.0() '8$3,&45() (* )($3,**+)*+)< M())(,)&.&0&*+)+0('*$3%#G,+*&45() "3$*#.0(/ v&@&/ $#2&3/ )#*(00&*()k '($*#&,) )3,* #@@('*+()6#$'(68+,3%-,(2(605)(,605)$+6#,25< M()+%3*&3,) K%3,)(,)(00())3,*2()2+'0(,'8(5$)<H&3,#5, *($$#&, 3, 6(5* %&,&%&)($ '3,)&2+$#.0(%(,* 0(5$ &%6#'*< R, '8($'8($# I *$35:($0(350()+:+,(%(,*)2+'0(,'8(5$)63))&.0()< M()%+%3&$()#,'()*$#0() O3)#`(5;3,*@#D3,,+,3*$(KEO/3,'8($'8($#I,(**31($,3) %+%3&$() *35>35$) #:(' 2() %#,&650#*&3,)+,($G+*&45()(*5,(:&)&3,)1%.30&45(< S5)&'&(,2(%+*&($/>9#&+G#0(%(,*2+:( , (,$(G&)*$(%(,* 0# $(0#;#*&3, 25 '3$6) (* :&)#,* I #%60&@&($ 09(@@(* 2() #>5)*(%(,*) +,($G+*&45()6(,2#,*(*#6$-)0())+#,'()< "35$@&,&$>9&,:&*('8#'5,I#:3&$1#%')*3%,% $+#3$*%#$%,% 3+# '+&%#&*%- k $&(,,9#$$&:( 6#$ 8#)#$2/,3)'83&;6#))+)f'3,)'&(,*)(*&,'3,)'&(,*)g '( 45(,35) )3%%() #5>35$2985&/ $(>(*($ )5$ 0() #5*$() 35 )5$ 0# :&( ()* 5,( 6($*( 29+,($G&( '3,)&2+$#.0(< OReH )3%%() '8#'5, 2() '$+#*(5$)(*0()%#n*$()2(,3):&()< B+#$-13*+# M() )1)*-%() 2( )#,*+ #,'()*$#5;,35) 3,* #663$*+ 2() *$+)3$) 2( '3,,#&))#,'() )5$ 2( 0983%%( 2( %#,&-$( 6$3@3,2(k )() +%3*&3,)/ )# 681)&303G&(/ )# '3,)*&*5*&3,/ )3, $1*8%(.&303G&45(< S#&) 0( WV(%( )&-'0( # '$+( 5,.3, (;63,(,*&(0 2#,) 09+:305*&3, 2(,3*$( ()6-'(/ 2( G$#,2)'8#,G(%(,*))3,*(,'35$)(*6$3:345(,*2() #2#6*#*&3,)6#$@3&)2&@@&'&0()< O3) #%&) *&.+*#&,),35) 6#$0(,* 2() 6(,)+() 45& '$+(,* 0() +%3*&3,)/ (00()l%7%() (,*$#&,#,*,3) #'*()/2+@&,&))#,*,3):&()< "(5*l7*$( 45(,3) 6(,)+() '3,)'&(,*() (* &,'3,)'&(,*()3,*#%(,+'('8#,G(%(,*:&)#,*I,35) $(%(**$((,45()*&3,)5$,3*$('3,2&*&3,< F53& 459&0 (, )3&*/,3) '83&; 2( )#,*+ )($3,* 2+*($%&,#,*)635$0(@5*5$2(,3*$(()6-'(< N<oN< 16