repensar la dramaturgia.pdf

8/21/2019 repensar la dramaturgia.pdf

http://slidepdf.com/reader/full/repensar-la-dramaturgiapdf 1/404

!"#"$%&' )& *'&+&,-'./&0''&$1/& 2 3'&$%45'+&1/6$

!",7/$8/$. *'&+&,-'.20''&$12 &$* ,'&$%45'+&,/5$



0*/,"* 92: ;"$,'5 <=''&.&;"$,'5 *" >51-+"$,&1/6$ 2 0%,-*/5% ?@&$A&*5% *" ?'," ;5$,"+B#5'=$"5

0*/,/$. &$* <-9)/%7/$. ;55'*/$&,/5$: C&$-") D"))/%15C&'E& F5%G ;/4-"$,"% H&',"&I

0*/,/$. H%"15$* #7&%"I: ?+#&'5 J1/K&

L'5$, 15@"' /))-%,'&,/5$% 92: M'N C"$,"8/,17"$

>"%/.$ 54 /$,"'/5'% 92: C&'/&BO)&'& P5$A=)"A

37/% 9558 /$1)-*"% Q5'8% 1&''/"* 5-, -$*"' ,7" 4'&+"BQ5'8 54 ,7" 45))5Q/$.'"%"&'17 #'5K"1,%:R !"#$%$&' )%* +$&,-./0#'1 2.#3$*$-$40.5 6$7 0%8.5#04)#0$% 0% +$%#.&,$7)7'

*)%+.9 54 ,7" M#&$/%7 C/$/%,'2 54 M1/"$1" &$* S$$5@&,/5$NT?!UVVWBVXVYZB;VUBVY[?!30

R :$+0)- 0&)40%)70.5 0% #3. +"-#"7.5 $6 4-$;)-0<)#0$%= ;.#>..% #3. ,";-0+ )%* #3.,708)#.1 !%)-'505 )%* *$+"&.%#)#0$% $6 ?.76$7&0%4 !7#5 0% @)#0% !&.70+)9ABBBCABDB9 54 ,7" M#&$/%7 C/$/%,'2 54 M1/"$1" &$* S$$5@&,/5$NHT?!UVVWBVXVYZB;VUBVUIN

R E07#")- !7+308. $6 ?.76$7&0%4 !7#59 54 ,7" ?-,5$5+5-% P5@"'$+"$, 54 ;&%,/))&B \& C&$17&N H<0SSV]BVV^^BZ_UVI

` a4 ,7" "*/,/5$:;"$,'5 <=''&.&b UVYV;"$,'5 *" >51-+"$,&1/6$ 2 0%,-*/5% ?@&$A&*5% *" ?'," ;5$,"+#5'=$"5 H;"$B*"&1Ib UVYV

` a4 ,7" ,"c,%:?$,d$/5 ?'&eK5b C&'/5 D"))&,/$b <&9)5 ;&'-&$&b f%1&' ;5'$&.5bF-&$ >5+E$.-"Ab ?*'/&$ T"&,74/")*b T&$%B37/"% \"7+&$$b ?$*'G \"#"18/b?$.G)/1& \/**"))b D5$$/" C&''&$1&b g-/+ <-K5)b F5%G ?N M=$17"A

` a4 ,7" ,'&$%)&,/5$:<"$")5#" 0&*"%b C&$-") D"))/%15b C&'/& !5/.b M/+5$& L"''&'

` a4 ,7" /+&."%:C&'/5 D"))&,/$b T-.5 P)"$*/$$/$.b 0*- C&'/$b <&-)& ;5-',b ;)&-*/& ;&)&9/b h")B%5$ O&5b S%&&1 35''"%b F&@/"' C&'i-"'/" 375+&%

SMDh: ]jWBWZB]XW]WBWWBU\".&) *"#5%/,:<'/$,"* 92: S+#'"$,& !"./5$&) *" C-'1/&



0*/,&: ;"$,'5 <=''&.&;"$,'5 *" >51-+"$,&1/6$ 2 0%,-*/5% ?@&$A&*5% *" ?'," ;5$,"+#5'=B$"5

0*/1/6$ 2 155'*/$&1/6$: C&$-") D"))/%15C&'E& F5%G ;/4-"$,"% H&',"&I

0*/1/6$ H%".-$*& 4&%"I: ?+#&'5 J1/K&

>/%"k5 *" 1-9/"',&: M'N C"$,"8/,17"$

>/%"k5 *" /$,"'/5'"%: C&'/&BO)&'& P5$A=)"A

0%," )/9'5 /$1)-2" ,'&9&K5% '"&)/A&*5% "$ ") +&'15 *" )5% #'52"1,5%:R !"#$%$&F) ' +$&,-.G0*)*1 2.#$*$-$4F)5 ,)7) -) 0%8.5#04)+0H% .% *)%<) +$%C

#.&,$7I%.)9 *") C/$/%,"'/5 *" ;/"$1/& " S$$5@&1/6$ *" 0%#&k&NHT?!UVVWBVXVYZB;VUBVY[?!30I

R J&)40%)70$5 5$+0)-.5 .% -)5 +"-#"7)5 *. -) 4-$;)-0<)+0H%= .%#7. -$ ,K;-0+$ ' -$ ,708)*$1 !%I-0505 ' *$+"&.%#)+0H% *. -) +7.)+0H% .5+L%0+) .% J;.7$)&L70+) ABBBCABDB *") C/$/%,"'/5 *" ;/"$1/& " S$$5@&1/6$ *" 0%#&k&NHT?!UVVWBVXVYZB;VUBVUIN

R !7+308$ E07#")- *. !7#.5 M5+L%0+)59 *" )& F-$,& *" ;5+-$/*&*"% *";&%,/))&B)& C&$17&N H<0SSV]BVV^^BZ_UVI

` *" )& "*/1/6$:;"$,'5 <=''&.&b UVYV;"$,'5 *" >51-+"$,&1/6$ 2 0%,-*/5% ?@&$A&*5% *" ?'," ;5$,"+#5'=$"5 H;"$B*"&1Ib UVYV

` *" )5% ,"c,5%:?$,d$/5 ?'&eK5b C&'/5 D"))&,/$b <&9)5 ;&'-&$&b f%1&' ;5'$&.5bF-&$ >5+E$.-"Ab ?*'/&$ T"&,74/")*b T&$%B37/"% \"7+&$$b ?$*'G \"#"18/b?$.G)/1& \/**"))b D5$$/" C&''&$1&b g-/+ <-K5)b F5%G ?N M=$17"A

` *" )& ,'&*-11/6$:<"$")5#" 0&*"%b C&$-") D"))/%15b C&'/& !5/.b M/+5$& L"''&'

` *" )&% /+=."$"%:C&'/5 D"))&,/$b T-.5 P)"$*/$$/$.b 0*- C&'/$b <&-)& ;5-',b ;)&-*/& ;&)&9/b h")B%5$ O&5b S%&&1 35''"%b F&@/"' C&'i-"'/" 375+&%

SMDh: ]jWBWZB]XW]WBWWBU>"#6%/,5 )".&):S+#'/+": S+#'"$,& !"./5$&) *" C-'1/&





\& &#&'/1/6$ *" $-"@5% )"$.-&K"% 2 %/.$5% *" 15+-$/1&1/6$ "$ )& %51/"B

*&* &1,-&) 7& *"'/@&*5 "$ )& -,/)/A&1/6$ *" $-"@&% 45'+&% *" 15$%,'-1B

1/6$ *'&+=,/1& "$ )& "%1"$& 15$,"+#5'=$"&N <&',/1-)&'+"$," )& -,/)/A&B

1/6$ *") 1-"'#5 15+5 ")"+"$,5 $&''&,/@5 2 $&''&*5' "$ ") i-" 51-''" 2

,'&% ") i-" */%1-''" )& 4=9-)& "$ -$ +/%+5 "%#&1/5 2 ,/"+#5b 2 *5$*" ")

+5@/+/"$,5 2 )& "c#'"%/6$ &',/1-)&$ -$& *","'+/$&*& %"+/6,/1&b 15$45'B

+& -$& $-"@& *'&+&,-'./& "$ )& i-" )& #&)&9'& *"K& *" %"' /+#'"%1/$*/B

9)"N

0) )-.&' '")"@&$," i-" 752 51-#& )& &11/6$ R-$& &11/6$ *")/+/,&*& #5' )&%".+"$,&1/6$ i-" '"i-/"'" )& "%,'-1,-'& *" )&% 45'+&% *'&+&,e'./1&% i-"%" @/"$"$ 59%"'@&$*5 "$ */%,/$,&% #'5#-"%,&% "%1G$/1&% &1&"1/*&% *-'&$B," )5% e),/+5% @"/$," &k5%R "% -$5 *" )5% +5,/@5% #5' )5% i-" %-'." )& $"1"B%/*&* *" -$ "%,-*/5b *" -$ ,/"+#5 #&'& )& '"4)"c/6$b #&'& ") #"$%&+/"$,52 )& ,"5'E& i-" $5% &*"$,'" "$ ") 15$51/+/"$,5 &1"'1& *" )&% $-"@&% 45'+&%*'&+&,e'./1&% 2 )5% $-"@5% *'&+&,-'.5% "$ ") +&#& &1,-&) *" )& 1'"&1/6$"%1G$/1&N

M/$ )-.&' & *-*&% %" 7&1E& /+#'"%1/$*/9)" 15$1"9/' "%," "%#&1/5b ") J

:.&0%)70$ J%#.7%)+0$%)- 5$;7. N".8)5 O7)&)#"740)5 b */'/./*5 #5' ")1&,"*'=,/15 +-'1/&$5 F5%G ?$,5$/5 M=$17"Ab %"+/$&'/5 i-" '"-$/6 "$-$& %"+&$& & &).-$5% *" )5% 1'"&*5'"% 2 #"$%&*5'"% *" +&25' #'"%,/./5"$ ") +&'15 /$,"'$&1/5$&) *" )& 1'"&1/6$ "%1G$/1& 15$,"+#5'=$"& 2 i-"#5%,"'/5'+"$," 2 15+5 1-)+/$&1/6$ *" %- ,'&9&K5 *"'/@& "$ "%,& #-9)/B1&1/6$N

>"%*" )& ;5$%"K"'E& *" ;-),-'& 2 3-'/%+5 *" )& ;5+-$/*&* ?-,6$5+& *")& !"./6$ *" C-'1/& 2 & ,'&@G% *") ;"$,'5 *" S$@"%,/.&1/6$ 2 >"%&''5))5



X

#&'& )&% ?',"% 0%1G$/1&% ;"$,'5 <=''&.&b /$@/,&+5% & '"#"$%&' )& *'&+&B,-'./& "$ %- @"',/"$," +=% /$1/#/"$,"b *"*/1&$*5 -$ "%#&1/5 #&'& ") #"$B

%&+/"$,5 2 ") "%,-*/5 15$ "%,= #-9)/1&1/6$ i-" '"15." )&% 15$1)-%/5$"% *")J :.&0%)70$ J%#.7%)+0$%)- 5$;7. N".8)5 O7)&)#"740)51

?.*7$ !-;.7#$ P7"<

;5$%"K"'5 *" ;-),-'& 2 3-'/%+5*" )& !"./6$ *" C-'1/&



37" "+"'."$1" 54 $"Q )&$.-&."% &$* %/.$% /$ 5-' #'"%"$, %51/",2 7&% *"'/@"*/$ ,7" "+#)52+"$, 54 $"Q Q&2% 54 *'&+&,/1 15$%,'-1,/5$ /$ ,7" 15$,"+#5B'&'2 %,&."N <&',/1-)&')2b ,7" -%" 54 95*2 &% & $&''&,/@" &$* $&''&,5' ")"+"$, /$Q7/17 ,7" 4&9)" 7&##"$% &$* '-$% /$ ,7" %&+" %#&1" &$* ,/+"b &$* Q7"'"+5@"+"$, &$* "c#'"%%/5$ &',/1-)&,"% & #&',/1-)&' %"+/5,/1%b &$* %7&#"% &$"Q *'&+&,-'.2 /$ Q7/17 ,7" Q5'* /% $5 )5$."' "%%"$,/&)N

37" '")"@&$, #)&1" ,7&, ,7" &1,/5$ 511-#/"% ,5*&2 R&$ &1,/5$ *"4/$"* 92 ,7"%".+"$,&,/5$b '"i-/'"* 92 ,7" %,'-1,-'" 54 ,7" *'&+&,-'./1&) 45'+% 511-''"*/$ */44"'"$, %,&." #'5#5%&)% *-'/$. ,7" )&%, ,Q"$,2 2"&'%R /% 5$" 54 ,7" '"&B

%5$% Q72 &'/%"% ,7" $""* 54 & '"%"&'17b & ,/+" 45' '"4)"1,/5$b 45' ,75-.7, &$*,7"5'2 ,5 +&8" -% .5 /$,5 ,7" 8$5Q)"*." 54 $"Q *'&+&,-'."% &$* $"Q *'&B+&,-'./1&) 45'+% /$ ,7" 1-''"$, #"'45'+/$. &',% +&#N

l$*5-9,"*)2b /, Q&% "%%"$,/&) ,5 15$1"/@" ,7/% %#&1"b ,7" D5# J%#.7%)#0$%)-

:.&0%)7 $% N.> O7)&)#"740.59 )"* 92 ,7" #'54"%%5' F5%G ?$,5$/5 M=$17"AN? %"+/$&' Q7/17b 45' & Q""8b 9'5-.7, ,5.",7"' %5+" 54 ,7" +5%, #'"%,/B./5-% &',/%,% &$* ,7/$8"'% /$ ,7" /$,"'$&,/5$&) 4'&+"Q5'8 54 15$,"+#5'&'2#"'45'+/$. &',%b &$* %-9%"i-"$,)2b &$* &% 1-)+/$&,/5$ 54 ,7"/' Q5'8b

*"'/@"% ,7/% #-9)/1&,/5$N

L'5+ ,7" ;5-$1/) 54 ;-),-'" &$* 35-'/%+ 54 ,7" ?-,5$5+5-% !"./5$ 54 C-'1/& &$* ,7'5-.7 ,7" !"%"&'17 &$* >"@")5#+"$, ;"$,'" 45' #"'45'+/$.&',% ;"$,'5 <=''&.&b Q" /$@/," ,5 '",7/$8 *'&+&,-'.2 /$ /,% /$1/#/"$, %/*"b*"@5,/$. & %#&1" 45' ,75-.7, &$* '"%"&'17 Q/,7 ,7/% #-9)/1&,/5$ ,7&, .&,7B"'% ,7" 15$1)-%/5$% 54 ,7" D5# J%#.7%)#0$%)- :.&0%)7 $% N.> O7)&)#"740.51

?.*7$ !-;.7#$ P7"<

C/$/%,"' 54 ;-),-'" &$* 35-'/%+45' 37" !"./5$ 54 C-'1/&





0% -$& 15$@"$1/6$ 2& "%,&9)"1/*& i-" ") M/.)5 mmS %" /$/1/& ,'&% )& 1&E*& *")+-'5 *" D"')E$b +&'1&$*5 "%," 7/,5 R#5' "%,&9)"1"' )E+/,"% i-" #"'+/,&$"$,"$*"'%" '=#/*&+"$,"R ") *"''-+9&+/"$,5 ,&+9/G$ *" )5% .'&$*"% */%B1-'%5% 5 '")&,5% i-" #'","$*E&$ /$,"'#'",&' ") +-$*5 " /$,"'@"$/' "$ %-#'"*/11/6$ 2 *"%&''5))5N ;5+5 ,5*& 4'5$,"'& &',/4/1/&)+"$," "%,&9)"1/*&b $5%" 15''"%#5$*" "c&1,&+"$," $/ 15$ )& '"&)/*&* $/ 15$ )& 1'5$5)5.E&b %/$5i-" %" #-"*" &4/'+&' i-"b "$ %- #'5#/& &1")"'&*& %-1"%/6$ *" 05&$59 )&/$*&.&1/6$ &',E%,/1& *-'&$," ") %/.)5 mm *" )&% ))&+&*&% @&$.-&'*/&% 1)=%/B1&% "%,&9& 2& #'"4/.-'&$*5 )& 59%5)"%1"$1/& *" )5% )"$.-&K"% " /*"5)5.E&%

15$ +&'17&+5 ,5,&)/A&*5'b %/.-/"$*5 &%E )&% #&-,&% *" 1-&)i-/"' 5'.&$/%B+5 @/@/"$," i-" /$15'#5'& 2& "$ %- *"@"$/' ") /$"@/,&9)" *"%,/$5 *" 1&*-1/B*&* 2 +-"',"N \& "c#)5%/6$[/+#)5%/6$ *" )5% .'&$*"% +/,5% 15$ )5% i-" ")%"' 7-+&$5 7&9E& ,'&,&*5 *" 15$,"%,&' )&% .'&$*"% #'".-$,&%b *"K& ,&+B

9/G$ & "%," %/$ '"%#-"%,&%b %/$ .'&$*"% '"%#-"%,&%N \&% &$,"'/5'"% 1"',"A&%%5$ %-%,/,-/*&% #5' %5)5 -$&: ,5*5 ") 1&+/$5 &$,"'/5'+"$," &$*&*5 7&%"'@/*5 e$/1&+"$," #&'& "%5b #&'& &95)/' )&% 1"',"A&%N n "%5 %/.$/4/1& i-"7&2 i-" "+#"A&' *" 1"'5b "%,&9)"1"' )5% $-"@5% &)4&9",5% 2b ,&$,"&$*5b"+#"A&' *" $-"@5 & '"$5+9'&')5 ,5*5N M/$ ") '"1-'%5 *" )5% .'&$*"% '"4B

"'"$,"%b &$," )& /+#5%/9/)/*&* *" &,"$"'%" & $/$.e$ #-$,5 *" #&',/*& #'"B@/5b 7&2 i-" 1-"%,/5$&')5 ,5*5 *" $-"@5 2 "%5 /+#)/1& i-" 7&2 i-" 1-"%B,/5$&'%" )& #'5#/& #5%/1/6$b )& +/'&*& i-" %" "4"1,e& 2 ") "%#&1/5 5 ") )-.&'*"%*" ") i-" %" #'5*-1" )& +/'&*&N

0) "%,&))/*5 "$ +/) #"*&A5% *" )5% +/,5% 7/%,6'/15% /$,"'#'",&,/@5% $5 7&%-#-"%,5 )& *"%&#&'/1/6$ *" )5% .'&$*"% /$,"''5.&$,"% i-" %/"+#'" $5%7&$ 51-#&*5N C=% 9/"$ &) 15$,'&'/5b )&% %".-'/*&*"% *"%&#&'"1/*&%b 2 %-%

15''"%#5$*/"$,"% -'."$1/&%b %5$ -$ &1/1&," i-" "+#-K& 2 59)/.&N 0) &$,/.-5,/,/'/,"'5b %-1"%5' *" 17&+&$"% 2 ,'5@&*5'"%b +",&+5'45%"&*5 "$ *"+/-'B.5 1&#&A *" "c#)/1&' ") -$/@"'%5b %" @" *"%#5%"E*5 *" &-,5'/*&* 2 7"'B



'&+/"$,&%b 7&9'E& i-" *"1/' i-" %" )" 7& &1&9&*5 ") 1-"$,5N M/$ "+9&'.5b%-#"'@/@"$1/& 59)/.&b &).-/"$ ,"$*'= i-" 1-+#)/' %- 4-$1/6$ 2 ") 1'"&*5'

"%1G$/15 %" &#'"%,& & "))5b &-$i-"b /'6$/1&+"$,"b )&% #'/+"'&% #'".-$,&%$5 #-"*"$ *"K&' *" %"' i-G 4-$1/6$b #5' i-G 2 16+5N \& 4'&.+"$,&1/6$+E,/1& $5 7& %-#-"%,5 )& *"%&#&'/1/6$ *") +/,5b %/$5 %- /$,'52"11/6$b 2b #5')5 ,&$,5b )&% #'".-$,&% %/.-"$ 2 ") /+#-)%5 "c/." &15+","')&% &-$i-" %"&"$ #"i-"k&% *5%/%N

\&% 15+#&',/+"$,&1/5$"% *" )& '"&)/*&* 7&%,& &75'& -,/)/A&*&% %5$ */4-%&%2 "c/."$ -$& 59%"'@&1/6$ )&c&b $5 %-K",& & *"+&%/&*&% ",/i-",&%N \&%&$,/.-&% &',"% *" )E+/,"% #'"1/%5% 2 *"4/$/*5% %" *"1)&'&$ &75'& 7E9'/*&%b&+&$,"% *" )& 15$,&+/$&1/6$ 2 ") 15$,&./5N o3"&,'5p "% #&)&9'& i-" %"i-"*& 15',& #5'i-" $5 *"4/$" 9/"$ )& &+#)E& @&'/"*&* *" +&$/4"%,&1/5$"%i-" &75'& %" *"$5+/$&$ &',"% "%1G$/1&% 2 i-" %" /$@&*"$ )&% -$&% & )&%5,'&%: *&$A&b ,"&,'5b #"'45'+&$1"b 95*2 &',b &'," &11/6$q \5% )E+/,"% "$,'"-$5% 2 5,'5% )"$.-&K"% $5 "c/%,"$ 2b & +"$-*5b 7&2 i-" '"1-''/' & +&,"'/B&)/A&1/5$"% 15$1'",&% +-2 &)"K&*&% -$&% *" 5,'&% #&'& #5*"' $5+/$&')&%15$ K-%,"A&N 0) +/%+5 "%#&1/5 "% '"/$,"'#'",&*5 7&%,& ") #-$,5 *" i-" ")#'5#/5 1-"'#5 #-"*" %"' 2 "% 15$%/*"'&*5 ") )-.&' "$ ") i-" ,'&$%1-''" )&

7/%,5'/&b 15$ +/$e%1-)&b #5'i-" &75'& %" ,'&,& *" 15$,&' 7/%,5'/&%b i-" $5)& T/%,5'/&N

?) 15+#=% *" )5% @/"$,5% i-" %5#)&$ )& /$$5@&1/6$ *") )"$.-&K"b 15$,"$/*5%2 45'+&%b "% "+#'"%& &''/"%.&*&b #5' +=% i-" 59)/.&*&b 2 $5 ))"@& &#&'"B

K&*& ") 4")/A &''/95 & #-"',5N C-175% %5$ )5% ))&+&*5% 2 #515% )5% ")"./*5%N3'5#/"A5% 2 7&%,& $&-4'&./5% #&'"1"$ 9/"$@"$/*5% #5' /$"@/,&9)"%N <"'515$@/"$" %"k&)&'b #&'&4'&%"&$*5 &) #5",& R&) 4/$&) ") #&%&*5 ,&+9/G$ 1-"$B,&Rb i-" %" 7&1" 1&+/$5 &) &$*&'N n "%," "% ") @/&K"N r/&K" &) i-" ") ;"$,'5

<=''&.& %" &#-$,& ,'&% )& 9e%i-"*& *" )&% $-"@&% *'&+&,-'./&% R#5'i-"b,&+9/G$ &) 4/$&)b %".-'5 i-" 7&2 +=% *" -$&q

Q")% N0+$-I5 2)7#F%.<

>/'"1,5' ;"$,'5 <=''&.&

YV



S, /% & 15$@"$,/5$ &)'"&*2 "%,&9)/%7"* ,7&, ,7" UY%, 1"$,-'2 9"./$% &4,"' ,7"4&)) 54 D"')/$ Q&))b +&'8/$. ,7/% +/)"%,5$" R45' "%,&9)/%7/$. )/+/,% ,7&, &))5Q& i-/18 15+#'"7"$%/5$B ,7" 15))&#%" &)%5 54 .'"&, */%15-'%"% 5' %,5'/"%,7&, ,'/"* ,5 +&8" &$ /$,"'#'",&,/5$ 54 ,7" Q5')* &$* ,&8" #&', /$ /,% #'"B*/1,/5$ &$* *"@")5#+"$,N ?% "@"'2 95-$*&'2 "%,&9)/%7"* &',/4/1/&))2b /,*5"% $5, 15''"%#5$* "c&1,)2 $"/,7"' Q/,7 ,7" '"&)/,2 $5' Q/,7 ,7" 17'5$5)B5.2b 9-, /, 1&$ 9" %,&,"* ,7&,b /$ /,% 5Q$ i-/18 %"i-"$1" 54 05&5 b ,7" &',/%B,/1 /$@"%,/.&,/5$ *-'/$. ,7" UV,7 1"$,-'2 54 ,7" %5 1&))"* +-)550+)- )8)%#C

4)7*.5 b Q&% &)'"&*2 9'/$./$. 45'Q&'* ,7" 4&))/$. /$,5 */%-%" 54 )&$.-&."%

&$* */%15-'%"% Q/,7 & ,5,&)/A/$. %)&$,b 45))5Q/$. /$ ,7/% Q&2 ,7" %,"#% 54 &$2 5,7"' )/@/$. 5'.&$/%+ ,7&, /$1)-*" /$ /,% 9"15+/$. ,7" -$&@5/*&9)" 4&,"54 1&*-1/,2 &$* *"&,7N 37" "c#)5%/5$[/+#)5%/5$ 54 .'"&, +2,7% Q/,7 Q7/17,7" 7-+&$ 9"/$. 7&@" ,'/"* ,5 ./@" &$%Q"'% ,5 ,7" 9/. i-"%,/5$%b &)%5)"&@"% 7/+ Q/,75-, &$%Q"'%b Q/,75-, .'"&, &$%Q"'%N 37" #'"1"*/$. 1"'B,&/$,/"% &'" $5Q %-9%,/,-,"* 5$)2 45' 5$": &)) ,7" Q&2 Q&)8"* 9"45'" 7&@"

9""$ -%"4-) 5$)2 45' 5$" ,7/$.b ,5 &95)/%7 1"',&/$,/"%N ?$* /, +"&$% ,7&, /,/% $""*"* ,5 %,&', 4'5+ ,7" 9"./$$/$.b "%,&9)/%7/$. ,7" $"Q &)#7&9",% &$*b4"")/$. 5$"s% Q&2b %,&', '"$&+/$. "@"'2,7/$. &.&/$N t/,75-, ,7" 5#,/5$ 54

,7" .'"&, '"4"'"$,%b 4&1"* Q/,7 ,7" /+#5%%/9/)/,2 54 '"4"''/$. ,5 &$2 #'"@/B5-% %,&', #5/$,b "@"'2,7/$. %75-)* 9" i-"%,/5$"* &.&/$b &$* ,7/% /+#)/"%,7&, Q" 7&@" ,5 i-"%,/5$ 5-' 5Q$ #5%/,/5$u ,7" .)&$1" &$* ,7" %#&1" 5' ,7"#)&1" 4'5+ Q7/17 ,7" .)&$1" /% #'5*-1"*N

37" 9-'%, /$,5 #/"1"% 54 ,7" /$,"'#'",&,/@" 7/%,5'/1&) +2,7% 7&% $5, +"&$,,7" */%&##"&'&$1" 54 ,7" .'"&, i-"%,/5$% ,7&, &)Q&2% 7&@" 15$1"'$"* -%NC5'" 5$ ,7" 15$,'&'2b ,7" +/%%/$. 1"',&/$,/"%b &$* ,7"/' 15''"%#5$*/$.

-'."$1/"%b &'" &$ /$1"$,/@" ,7&, #-%7"% &$* 45'1"% -%N 37" 5)* K"%,"'b 7"/'54 +/$%,'")% &$* %7&+&$%b ,'&$%45'+"* /$,5 & *"+/-'." &9)" 54 "c#)&/$/$.,7" -$/@"'%"b $5Q 15$,"+#)&,"% 75Q /% */%#5%"* 54 &-,75'/,2 &$*



'"%5-'1"%N S, 15-)* 9" %&/* ,7&, 7/% #)-. /% $5, @&)/* &$2 +5'"N T5Q"@"'b%/$1" ,7" %-'@/@&) '"i-/'"%b &$* %5+"95*2 7&% ,5 4-)4/)) 7/% #"'45'+&$1"

,7" %,&." 1'"&,5' '-$% ,5 ,7&,b &),75-.7b /'5$/1&))2b ,7" 4/'%, i-"%,/5$% 1&$ 9" $5, 5,7"' ,7&$ Q7&, #"'45'+&$1"b Q72 &$* 75QN 37" +2,7/1 4'&.+"$B,&,/5$ 7&% $5, +"&$, ,7" */%&##"&'&$1" 54 ,7" +2,7b 9-, 5$ ,7" 15$,'&'2/,% /$,'5K"1,/5$b &$*b ,7"'"45'"b ,7" i-"%,/5$% &'" %,/)) ,7"'" &$* ,7"/+#-)%" *"+&$*% -$*"',&8" ,7"+ "@"$ ,75-.7 /$ %+&)) *5%"%N

37" 15+#&',+"$,&)/A&,/5$% 54 '"&)/,2 -%"* -# ,5 $5Q &'" @&.-" &$* 1&)) 45')&c 59%"'@&,/5$b $5, %-9K"1, ,5 +&$2 )&9")%N 37" 5)* &',% 54 1)"&')2B*"4/$"*&$* &11-'&," )/+/,% &'" *"1)&'"* 729'/*% $5Qb )5@"'% 54 15''-#,/5$ &$* 15$B,&./5$N o37"&,'"p /% & Q5'* ,7&, %""+% ,5 9" -$%&,/%4&1,5'2 ,5 *"4/$" #'5#B"')2 ,7" Q/*" @&'/",2 54 &',/%,/1 "c#'"%%/5$% ,7&, &'" $5Q 1&))"* #"'45'+/$.&',%b Q7/17 $5Q&*&2% /$@&*" "&17 5,7"': *&$1"b ,7"&,'"b #"'45'+&$1"b 95*2&',b &1,/5$ &',q 37" )/+/,% 9",Q""$ ,7"+ *5 $5, "c/%, &$*b 4'"i-"$,)2b /, /%$"1"%%&'2 ,5 &##"&) ,5 %#"1/4/1 +&,"'/&)/A&,/5$% @"'2 4&' &#&', ,5 $&+",7"+ 4&/')2N 37" %&+" %#&1" /% '"/$,"'#'","* /$ %-17 & Q&2 ,7&, ,7" 95*21&$ 9" &$* &1,-&))2 /% 15$%/*"'"* ,7" #)&1" Q7"'" ,7" %,5'2 7&##"$%b

9"1&-%" $5Q /, /% &95-, ,"))/$. %,5'/"%b 9-, $5, ,"))/$. ,7" T/%,5'2N

S$ ,/+" ,5 ,7" Q/$*% ,7&, 9)5Q ,7" /$$5@&,/5$ 54 )&$.-&." /$ 15$,"$,% &$*45'+% /% & '/%82 ,&%8b 9-, $5, )"%% +&$*&,5'2b &$* /, *5"% $5, "$,&/)% &7&##2 "$*/$.N C&$2 &'" 1&))"* 9-, 4"Q &'" 175%"$N M,-+9)"% &$* "@"$ 4&/)B-'"% %""+ ,5 9" Q")15+" 9"1&-%" ,7"2 &'" -$&@5/*&9)"N D-, /, %""+% ,5 9"%-/,&9)" ,5 #5/$, 5-,b #&'&#7'&%/$. ,7" #5", R&, ,7" "$* ,7" #&%, &)%515-$,%Rb ,7&, ,7" #&,7 /% +&*" Q7"$ Q&)8/$.N ?$* ,7/% /% ,7" ,'/#N ? ,'/# ,5Q7/17 ,7" ;"$,'5 <=''&.& "$'5))% 5$ ,7" %"&'17 54 $"Q *'&+&,-'./"%R9"1&-%"b &)%5 &, ,7" "$*b 45' %-'" ,7"'" Q/)) 9" +5'" ,7&$ 5$"q

Q")% N0+$-I5 2)7#F%.<

<=''&.& ;"$,"' >/'"1,5'

YU



0) 1-"'#5: -$& *" )&% 1-"%,/5$"%b #5' $5 *"1/' -) +".5#0H% $"-'=)./1& *" )5%&$7")5%b 59%"%/5$"% 2 %-4'/+/"$,5% *" -$ %/.)5 mm 1&*& *E& +=% )"K&$5 2b&) +/%+5 ,/"+#5b &e$ 752 ,&$ #'"%"$,"N l$ 1-"'#5 "*-1&*5b +/)/,&'/A&*5b15$%-+/*5b +"*/1&*5b H*"%I#5)/,/A&*5b "'5,/A&*5 2 "%#"1,&1-)&'/A&*5u -$1-"'#5 ,&+9/G$ %/"+#'"b 16+5 $5b 95+9&'*"&*5 2 ,5',-'&*5q -$& 2 5,'&@"AN l$ 1-"'#5 1&#&A *" *&' ,"%,/+5$/5 2 *" +5%,'&'b "$ -$ %5)5 %/.)5b i-"*" %"' &).5 $5 "%b 9&K5 $/$.e$ 15$1"#,5b -$/45'+/*&*b %/$5 "$ ,5*5 1&%5+-),/#)/1/*&*"% 15'#5'&)"% "$ #5,"$1/& 2 "$ '"%/%,"$1/&u "$ #"'+&$"$,",'&$%45'+&1/6$N

n& h/",A%17" %" "$1&'.6 *" 1"''&' ") %/.)5 mSm 15$ -$ )".&*5 15+#)"K5 2,-'9-)"$,5: ") '&1/5$&)/%+5 /$15'#6'"5 R2 #5' ,&$,5 '"4'&1,&'/5 & )& +"+5B'/& 2 & )& 7-"))&b 5 )5 i-" "% %/+/)&'b 1/".5 & )5% +/"+9'5% 4'&.+"$,&*5% 2& )& %&$.'" *" )5% /$*/@/*-5% #&',/1-)&'"%R "% /$1&#&A *" &',/1-)&' $&*& i-"#-"*& %"' 15$%/*"'&*5 15$51/+/"$,5u & )5 %-+5 #-"*" &#-$,&)&' o/*"&%","'$&%p i-"b #5' "%,&' +=% &))= *" 1-&)i-/"' ,/"+#5 2 *" 1-&)i-/"' )-.&'H&))= )"K5%b "$ )& T/%,5'/& 15$ +&2e%1-)&Ib %6)5 $5% &4"1,&$ 15+5 *5.+&%#&'& )& %-+/%/6$[%-92-.&1/6$ *"b #'"1/%&+"$,"b -$5% 1-"'#5% i-" *"%"&$

&',/1-)&' 5,'&% "%#"'&$A&%N l$5% 1-"'#5% i-"b 2 "%,& "% )& 1-"%,/6$ '")"B@&$," "$ ") 15$,"c,5 i-" &i-E $5% 51-#&b 7&$ i-"'/*5 "$15$,'&' "$ )&%"c#"'/"$1/&% &',E%,/1&% & #&',/' *") '5+&$,/1/%+5 2 *" )&% @&$.-&'*/&%7/%,6'/1&%b -$ &)/&*5 &K"$5 & )& \"2 e),/+& *") 1&#/,&)/%+5 +5*"'$5: )& #-'&."%,/6$ /$%,'-+"$,&)N

h5 59%,&$,"b &75'&b 1-&$*5 15+/"$A& 2& )& %".-$*& *G1&*& *") %/.)5 mmSb#5*'E&+5% 1&"' "$ -$ "''5' 2 &4/'+&' i-" )& 1-"%,/6$ 1)&@" %" 7&))& "$ -$&

%/+#)/4/1&1/6$ *" &i-"))& *-*& i-" "+9&'.&'& & D&'-17 M#/$5A&: oh5 %&9"B+5% )5 i-" #-"*" -$ 1-"'#5pN 0% +=%b #5*'E&+5% /$,"$,&' #"$%&' /$1)-%5.'&$ #&'," *" )&% $-"@&% *'&+&,-'./&% R15+5 7& 51-''/*5 "$ ") 1&%5 *"



5,'&% "c#"'/"$1/&% &',E%,/1&%R "$ ,5'$5 & "%,& 1-"%,/6$b 2 &''5K&' &%E /$,"B''5.&$,"% i-" #&'"1"'E&$ &e$ $"1"%&'/5% #"'5 i-" +5%,'&'E&$b %/$ "+9&'B

.5b %- /$5#"'&$1/&: vg-G #-"*" -$ 1-"'#5w v;6+5 %" *"%#)&A&b ."%,/1-)&b@/9'&b ,/"+9)&b %" "c#&$*" 5 '"5'.&$/A& ") "%#&1/5w 0%,5 "%b v16+5 15$B*"$%&b #5' "K"+#)5 *"%*" ") 1&+#5 *" )& "%1"$/4/1&1/6$ *'&+&,e'./1&b )&%#5,"$1/&)/*&*"% H"$,'" 1"'5 " /$4/$/,5I i-" )5 &',/1-)&$ "$ -$ *","'+/$&*5+5+"$,5w n %"'E& -$& %/+#)/4/1&1/6$b */.5b #5'i-" %"+"K&$," *-*& %#/$5BA/&$& $"1"%/,& "$'&/A&'%" "$ -$& 15+#)"K/*&* i-" *"%@")" *" -$ +5*5 +=%1)&'5 )5 i-" %/$ *-*& "%,&9& 2& "$ %- #'5#/5 %"$5b 2 #'".-$,&' &%Eb ,&+9/G$:vg-G #-"*" -$& #&)&9'&b -$& %5$5'/*&* ")"1,'5&1e%,/1&b -$& #'52"11/6$@/%-&)b -$& /)-+/$&1/6$b -$& 15$"c/6$ /$45'+=,/1&qw 0%,5 "%b i-G #-"*""%" 15+#"$*/5 15+#)"K5 i-" %" 7& /*5 o&*7"'/"$*5p &) 1-"'#5 & )5 )&'.5*" )&% e),/+&% *G1&*&% 2 i-" 7& %/*5 &',/1-)&*5 2 +5*/4/1&*5 & %- @"A #5')&% */4"'"$,"% */%#5%/1/5$"% +6@/)"% *" )5 15'#6'"5 +/%+5N

0$ *"4/$/,/@&b )5 i-" #5*"+5% 7&1"' 752 $5 "% 2& #'".-$,&'$5% #5' )5 i-"") 1-"'#5 H'"I#'"%"$,& H5 #-"*"Ib ,&$,5 "$ ") &'," "$ ."$"'&) 15+5 "$ ") 1&%5*" )& *'&+&,-'./& "$ #&',/1-)&'b %/$5 '"15$%/*"'&' )&% &#"',-'&% 15+#)"K&%i-" 7&$ 15$%,/,-/*5 "%" o$-"%,'5p 1-"'#5 & #&',/' *" )& #&)&9'&b )& 1/$"B

+&,5.'&4E&b )& &11/6$ #5)E,/1&b )& %5$5'/*&* H'-/*5[+e%/1&I 5 ") 0&,)+#$ +"*/=,/15N 3"$"+5%b 15+5 7&1"$ )5% &-,5'"% i-" "%1'/9"$ "$ "%," )/9'5bi-" &9'/' 2 */%"11/5$&' ") 1-"'#5 *" )& *'&+&,-'./& &1,-&) #&'& ,"%,/+5$/&'i-" %-% 6'.&$5% %5$ 2&b 752 #5' 752b #5,"$1/&)/*&*"% 15$ 45'+& *" 1=+&B'&[#'52"1,5' *" 1/$" 2 @E*"5b 15$ @5Ab 15$ 15+-$/1&1/5$"% */./,&)"% "$,/"+#5 '"&)b 15$ &$7")5% *" '&*/1&) ,'&$%45'+&1/6$ #5)E,/1&b 15$ +"+5'/&*" -$ )".&*5 7/%,6'/15 1&'.&*5 *" +-),/#)/1/*&*"%N ?%E #-"%b 1&9"b &75'& %E15+5 -$ *"9"' 15+e$b *"%#)".&' -$& *-*& i-" $5% ))"@" & #"$%&' i-G#-"*" 45'+&' 752 #&'," *" )& *'&+&,-'./& #&'& i-"b %/"$*5 %/"+#'" 5,'&

15%& H-$ *"%#)&A&+/"$,5 5 -$ *.+)-)4.Ib $5 %"& %/$ "+9&'.5 @&1-5"%#"1,=1-)5 $5@"*5%5 $/ &#-"%,& *"-*5'& *" "%,'-1,-'&% +=% 4-"',"% "/+#5%/,/@&%b %/$5 %/"+#'"b -$& 2 5,'& @"Ab &-,G$,/1& &4/'+&1/6$ *" @/*&N

Q)80.7 R".%#.5 R.$

>/'"1,5' *") ;0h>0?;

YZ



37" 95*2: 5$" 54 ,7" i-"%,/5$%b /4 $5, #3. $"-'&)./1 i-"%,/5$ 54 ,7" &%#/B'&,/5$%b 59%"%%/5$% &$* %-44"'/$.% 54 & UV,7 1"$,-'2 ,7&, /% /$1'"&%/$.)2*/%,&$,b 9-, &, ,7" %&+" ,/+" ,5 ,7/% *&2 %5 @"'2 #'"%"$,N ?$ "*-1&,"*b +/)B/,&'/A"*b 15$%-+"*b +"*/1&,"* H*"I#5)/,/1/A"*b "'5,/1/A"* &$* %#"1,&1-)&'B/A"* 95*2u & 95*2b 54 15-'%"b &)Q&2% 95+9&'*"* &$* ,5',-'"*q 5@"' &$*5@"' &.&/$N ? 95*2 1&#&9)" 54 9"&'/$. Q/,$"%% &$* */%#)&2/$. /$ & %/$.)"1"$,-'2 ,7&, /, /% 92 $5 +"&$% -$/45'+/,2b 9-, '&,7"'b /4 &$2,7/$.b 15'#5'&)+-),/#)/1/,/"% /$ %,'"$.,7 &$* '"%/%,&$1"u /$ #"'+&$"$, ,'&$%45'+&,/5$N

?)'"&*2 h/",A%17" 7&* %""$ ,5 /, ,7&, ,7" Y],7 ;"$,-'2 Q5-)* 1)5%" Q/,7 &15+#)"c &$* ,-'9-)"$, )".&12: /$15'#5'"&) '&,/5$&)/%+ R&$* ,7-% '"%/%,&$,,5 +"+5'2 &$* /+#'/$,b 5' %/+/)&')2b 9)/$* ,5 ,7" 4'&.+"$,"* +"+9"'%&$* 9)55* 54 #&',/1-)&' /$*/@/*-&)%R ,7&, /% /$1&#&9)" 54 &',/1-)&,/$. &$2B,7/$. ,7&, 15-)* 9" 15$%/*"'"* 8$5Q)"*."u ,7&, &, +5%, 15-)* %-%,&/$o","'$&) /*"&%p Q7/17b 9"1&-%" ,7"%" Q"'" &95@" &$* 9"25$* ,/+" &$*%#&1" H5-, ,7"'"b /$ T/%,5'2b Q/,7 & 1&#/,&) TIb 5$)2 &44"1, -% &% *5.+&% 45',7" %-9+/%%/5$[%-9K-.&,/5$ 54b K-%, ,7&,b 95*/"% ,7&, *"%/'" ,5 &',/1-)&,"5,7"' 75#"%N D5*/"% ,7&,b &$* ,7/% /% ,7" '")"@&$, i-"%,/5$ /$ ,7/% #&',/1-B

)&' 15$,"c,b Q/%7"* ,5 4/$* /$ &',/%,/1 "c#"'/"$1"% 4'5+ !5+&$,/1/%+ &$*,7" 7/%,5'/1&) &@&$,B.&'*" +5@"+"$,% 5$Q&'*%b &$ &))2 5-,%/*" ,7" -),/B+&," \&Q 54 +5*"'$ 1&#/,&)/%+: #-'" /$%,'-+"$,&) +&$&."+"$,N

h"@"',7")"%%b $5Qb &% Q" "$,"' ,7" %"15$* *"1&*" 54 ,7" UY%, ;"$,-'2b Q"15-)* 4&)) /$,5 ,7" ,'&# 54 &44/'+/$. ,7&, ,7" 8"2 i-"%,/5$ )/"% /$ & %/+#)/4/B1&,/5$ 54 ,7&, *5-9, ,7&, %5 #'"511-#/"* D&'-17 M#/$5A&: xt" *5 $5, 8$5QQ7&, & 95*2 1&$ *5yN S$*""* Q" 15-)* "@"$ ,'2 ,5 ,7/$8 54 & )&'." #&', 54

$"Q *'&+&,-'./"% R&% 7&% 511-''"* Q/,7 5,7"' &',/%,/1 "c#"'/"$1"%R /$ ,"'+%54 ,7/% @"'2 +&,,"' &$* &%8 i-"%,/5$% ,7&, 15-)* %""+ $"1"%%&'2b 9-, ,7&,Q5-)* $"@"',7")"%% *"+5$%,'&," ,7"/' 4'-/,)"%%$"%%: t7&, 1&$ & 95*2 *5w



YX

T5Q *5"% /, .", &95-,b ."%,/1-)&,"b @/9'&,"b ,'"+9)"b "c#&$* 5' '"5'.&$/A"%#&1"w L-',7"'+5'"b 75Q 45' "c&+#)" 4'5+ ,7" 4/")* 54 *'&+&,/1 '"#'"%"$B

,&,/5$b *5"% /, 15$*"$%" ,7" #5,"$,/&)/,/"% H9",Q""$ A"'5 &$* /$4/$/,2I ,7&, /,&',/1-)&,"% /$ & ./@"$ +5+"$,w ?$* /, Q5-)* 9" & %/+#)/4/1&,/5$b S 9")/"@"b

9"1&-%" %-17 %#/$5A&$ *5-9, $""*% ,5 9" '55,"* /$ & 15+#)"c/,2 ,7&,"c#)&/$% /$ & 1)"&'"' Q&2 Q7&, Q&% *5-9,)"%% &)'"&*2 Q/,7/$ 7/+b &$* ,7-%&)%5 &%8% ,7" i-"%,/5$: t7&, 1&$ & Q5'* *5b 5' &$ ")"1,'5 &15-%,/1&) %5-$*b& @/%-&) #'5K"1,/5$b &$ /))-+/$&,/5$b & 15+#-,"'/A"* 15$$"1,/5$qw S$*""*bQ7&, 1&$ ,7&, 15+#)"c 15+#"$*/-+ ,7&, 7&% 9""$ o&*7"'/$.p ,5 ,7" 95*245' ,7" )&%, 4"Q *"1&*"% *5b &$* ,7&, 7&% 9""$ &',/1-)&,"* &$* +5*/4/"* /$,-'$ 92 ,7" */44"'"$, +59/)" &,,/,-*"% 54 ,7" 15'#5'"&) %")4w

S$ %75',b Q7&, Q" 1&$ *5 ,5*&2 /% $5, &%8 5-'%")@"% Q7&, /, /% ,7&, ,7" 95*2H'"I#'"%"$,% H5' 1&$ *5Ib 95,7 /$ &', /$ ."$"'&) 5' /$ ,7" 1&%" 54 ,7" *'&B+&,-'." /$ #&',/1-)&'b 9-, '&,7"' '"15$%/*"' ,7" 15+#)"c 5#"$/$.% ,7&,7&@" 15$%,/,-,"* ,7/% o5-'p 95*2 4'5+ ,7" %#58"$ Q5'*b 4'5+ 1/$"+&,5.B'&#72b #5)/,/1&) &1,/5$b %5$5'/,2 H%5-$*[+-%/1I 5' 4'5+ +"*/& 0&,)+#1 F-%,)/8" ,7" &-,75'% 54 ,7/% 9558b Q" 7&@" ,5 5#"$ &$* */%%"1, ,7" 95*2 54 #'"%"$,B*&2 *'&+&,-'.2 ,5 ,"%,/42 ,7&, /,% 5'.&$% &'" &)'"&*2b /$ ,7" #'"%B

"$, *&2b #5,"$,/&)/,/"% /$ ,7" %7&#" 54 1&+"'&%[1/$" 5' @/*"5 #'5K"1,5'%b@51&)b Q/,7 '"&)B,/+" */./,&) 15++-$/1&,/5$b Q/,7 &%#/'&,/5$% 54 '&*/1&)#5)/,/1&) ,'&$%45'+&,/5$b Q/,7 ,7" +"+5'2 54 & 7/%,5'/1&) )".&12 17&'."*Q/,7 +-),/#)/1/,/"%N 37-%b &% & 15++5$ "$*"&@5'b /, /% Q5',7 1)&'/42/$. &*5-9, ,7&, +&8"% -% ,7/$8 Q7&, 1&$ ,5*&2 45'+ #&', 54 *'&+&,-'.2 %5,7&,b &)Q&2% 9"/$. %5+",7/$. ")%" H& */%#)&1"+"$, 5' ,/+" */44"'"$1"Ib /,Q/)) $5, 9" & @&1-5-% $"Q %#"1,&1)" $5' &$ /$*"9,"* 15++/,+"$, ,5%,'5$."' &$* *5+/$""'/$. %,'-1,-'"%b 9-, &)Q&2%b 5@"' &$* 5@"' &.&/$b &$&-,7"$,/1 &44/'+&,/5$ 54 )/4"N

Q)80.7 R".%#.5 R.$

>/'"1,5' 54 ;0h>0?;



z$*/1"[;5$,"$,%

Y] { F5%G ?N M=$17"AN O7)&)#"740) .% .- +)&,$ ./,)%*0*$ >'&+&,-'.2 /$ &$ "c#&$*"* 4/")*

_] { C&'/5 D"))&,/$N S@. 4"5#) .5#. G)7*F% T". .5 5"'$U N$ *.G. T". 5"5 30G$5 -$ *.5#7"')%

v>5 25- )/8" ,7/% .&'*"$ Q7/17 /% 25-'%w >5 $5, )",25-' 17/)*'"$ *"%,'52 /,

]^ { ?*'/&$ T"&,74/")*N O7)&)#"740) 50% *7)&)#"74$ >'&+&,-'.2 Q/,75-, & *'&+&,-'."

YY] { F-&$ >5+E$.-"AN O. -)V ) -)VL'5+ ,7"NNN ,5 ,7"NNN

YX^ { ?$*'G \"#"18/N oN$ .5#)&$5 -05#$5 ,)7) .- *7)&)#"74$W= !-4"%)5 %$#)5 5$;7. -) *7)&)#"740) *. -) *)%<)

ot"s'" $5, '"&*2 45' ,7" *'&+&,-'."p: M5+" $5,"%45' *&$1" *'&+&,-'.2

UVY { D5$$/" C&''&$1&N @) "%1"$& +$&$ *05.X$

@) &.*0)#"740) *. L/'"4&)) *. Q$3% Q.5"7"%<"'45'+&$1" &% *"%/.$N 37" +"*/&,-'.2 54 F57$ F"%-B'-$s% R07.6)--

UUY { ?$,d$/5 ?'&eK5N O7)&)#"740) .% .- +$-.+#08$= 0%#.78.%+0$%.5 .% .5,)+0$5 "7;)%$5 ' Y,7$+.5$ +$-);$7)#08$W .% .- Z.)#7$ *) E.7#04.&

O7)&)#"74' 67$& #3. +$--.+#08. 47$",= J%#.78.%#0$%5 0% "7;)% 5,)+.5 )%* #3. Y+$--);$7)#08. ,7$+.55W 0%#3. Z.)#7$ *) E.7#04.&

UZ_ { ?$.G)/1& \/**"))N !;7)3)& ' .- 5)+7060+0$ *7)&I#0+$ ?9'&7&+ &$* *'&+&,/1 %&1'/4/1"

UX_ { f%1&' ;5'$&.5N O7)&)#"740)5 ,)7) *.5,"L5 *. -) 305#$70)

>'&+&,-'./"% 45' #5%,[&4,"' 7/%,5'2

^YY { T&$%B37/"% \"7+&$$N !-4"%)5 %$#)5 5$;7. .- #.)#7$ ,$5*7)&I#0+$9 "%) *L+)*) *.5,"L5

M5+" $5,"% 5$ #5%,*'&+&,/1 ,7"&,'"b & *"1&*" )&,"'

^_^ { <&9)5 ;&'-&$&N 2"7+0) .% +")#7$ )+#$5

C-'1/& /$ 45-' &1,%^jj { g-/+ <-K5)N ?7.5.%#. .5,.+"-)#08$

M#"1-)&,/@" #'"%"$,



0%," @5)-+"$ '"15." @"'%/5$"% '"@/%&*&% *" &).-$5% ,"c,5% #'"%"$,&*5% "$ 45'+& *"#5$"$1/&% *-'&$," ") oM"+/$&'/5 S$,"'$&1/5$&) *" h-"@&% *'&+&,-'./&%pb i-" ,-@/"B'5$ )-.&' "$ ") ;"$,'5 <=''&.& *") U^ &) UW *" $5@/"+9'" *" UVV]b &*"+=% *" 5,'5%

&',E1-)5% i-" 7&1"$ '"4"'"$1/& &) M"+/$&'/5 #"'5 i-" 4-"'5$ "%1'/,5% 15$ #5%,"'/5'/B*&* &) +/%+5 2 *5% &#5',&1/5$"% H)&% *" ?$.G)/1& \/**") 2 T&$%B37/"% \"7+&$I i-"#5' %- /$,"'G% 2 '")&1/6$ 15$ ") ,"+& *" "%," )/9'5 15$%/*"'&+5% 5#5',-$5 /$1)-/'N

Z305 ;$$[ +$%#)0%5 7.805.* 8.750$%5 $6 5$&. $6 #3. #./#5 ,7.5.%#.* )5 -.+#"7.5 *"70%4 #3. YJ%#.7%)#0$%)- :.&0%)7 $6 N.> O7)&5#"740.5W9 >30+3 #$$[ ,-)+. )# #3. P.%#7$ ?I77)4) 67$& #3. A\ #3 #$ #3. A] #3 $6 N$8.&;.7 ABB^1 J# )-5$ 0%+-"*.5 $#3.7 )7#0+-.5 >30+3 >.7. >70##.% )6#.7 #3. :.&0%)7 ;"# #3.' )7. 7.-)#.* #$ 0# )%* #>$ +$%#70;"#0$%5 _!%4L-0+) @0**.- )%* ̀ )%5CZ30.5 @.3&)%a5b *". #$ 0#5 0%#.7.5# )%* 7.-)#0$% #$ #3. #$,0+1

YW



!"#$#%&"'(# *+ *, -#$./*0.#+1(1/

2/34 56 78+-9*:

;# <('*+-(# 1* ,#3 #"%*3 *3-4+(-#3 *+ -&#+%/ $*1(/ %(*+* =&* <*" -/+ 3&

"*3(3%*+-(# # ,# >(?#-(@+ 1* ,# "*."*3*+%#-(@+6 5 1(>*"*+-(# 1* ,/ =&* /-&""*

-/+ ,# ,(%*"#%&"# A *, -(+*B ,#3 ."8-%(-#3 *3-4+(-#3 +/ .&*1*+ 3*" -/+<*"%(C

1#3 *+ %*0%/3 -*""#1/36 !* #9D ,# ($./3(E(,(1#1 1* 1/-&$*+%#",#36 !* #9D

,# >"&3%"#-(@+ 1* ,# 3*$(@%(-# *+ 3& #."/0($#-(@+ # ,/ *3-4+(-/6 !* #9D %#$C

E(4+ *, (+%*"43 1* 3& *3%&1(/ .#"# #E/"1#" +&*</3 >*+@$*+/3 1* -/$&+(C

-#-(@+ A -"*#-(@+ 1*"(<#1/3 1* ,# "*1 A ,# ($.,*$*+%#-(@+ 1* ,#3 %*-+/C,/'D#3 1('(%#,*3 *+ *, 8$E(%/ #"%D3%(-/6

5, 9#E,#" 1* 1"#$#%&"'(# A +/ 1* %*0%/ ./1*$/3 .*+3#" *+ &+ *3.#-(/

(+%*"$*1(/ *+%"* ,/3 %"*3 >#-%/"*3 =&* -/$./+*+ *, >*+@$*+/ *3-4+(-/F *,

%*#%"/B ,# #-%&#-(@+ A *, 1"#$#6 G, %*#%"/ *3 *, ,&'#" 1*, *3.*-%#1/" H*3.#-(/

3/-(#, / 1* "*."*3*+%#-(@+IJ ,# #-%&#-(@+ HK.*">/"$#+-*LIB *, ,&'#" 1* ,/3

#-%/"*3 H*3.#-(/ *0."*3(</ / 1* 1(+#$(:#-(@+IJ *, 1"#$# *3 *, ,&'#" 1* ,#

#--(@+B -/1(>(-#E,* / +/ *+ &+ %*0%/ H*3.#-(/ >/"$#, / 1* -/+3%"&--(@+I6 M

./1"D#$/3 *+%/+-*3 1*3-&E"(" -@$/ *+ 1(3%(+%#3 4./-#3 A *+ 1(>*"*+%*3

-/+%*0%/3B 1*31* -#1# &+/ 1* *3/3 ,&'#"*3 3* 9# 3/$*%(1/ # -"D%(-# A %"#+3C

>/"$#-(@+ # ,/3 /%"/36 N/1"D#$/3 *+%*+1*" %#$E(4+ =&* ,# 1"#$#%&"'(#

/-&.# &+ ,&'#" *+%"* *3/3 %"*3 >#-%/"*3B / $#3 E(*+ +(+'O+ ,&'#"6 G3 &+

*3.#-(/ 1* $*1(#-(@+6

G3%/ *3 1"#$#%&"'(#F &+# (+%*""/'#-(@+ 3/E"* ,# "*,#-(@+ *+%"* ,/ %*#%"#, H*,

*3.*-%8-&,/ P *, .OE,(-/IB ,# #-%&#-(@+ H=&* ($.,(-# #, #-%/" A #, *3.*-%#1/"

*+ -&#+%/ (+1(<(1&/3I A *, 1"#$# H*3 1*-("B ,# #--(@+ =&* -/+3%"&A* *, 1(3C-&"3/I6 Q+# (+%*""/'#-(@+ =&* 3* "*3&*,<* $/$*+%8+*#$*+%* *+ &+# -/$C

./3(-(@+ *>D$*"#B =&* +/ 3* .&*1* >(?#" *+ &+ %*0%/F ,# 1"#$#%&"'(# *3%8



$83 #,,8 / $83 #-8 1*, %*0%/B 3* "*3&*,<* 3(*$."* *+ *, *+-&*+%"/ (+*3%#E,*

1* ,/3 *,*$*+%/3 =&* -/$./+*+ ,# *0.*"(*+-(# *3-4+(-#6

5, 1*>(+(" 1"#$#%&"'(# 1* *3%# $#+*"# ./1"D# .#"*-*" =&* *3%#$/3 "*(+C

<*+%#+1/ #,'/ $&A #+%('&/6 M *+ -(*"%/ $/1/ #3D *36 N*"/ ,#3 "*1*>(+(-(/C

+*3 %(*+*+ %#$E(4+ ,# >&+-(@+ 1* #E"(" +&*</3 *3.#-(/3 .#"# ,# #--(@+ A ,#

"*>,*0(@+ 3(+ ./" *,,/ ."*3-(+1(" 1* &+# 1*+3# "*1 1* $*$/"(#3 A $*1(#C

-(/+*36

R*#%"/ *+ *, -#$./ *0.#+1(1/

!*31* >(+#,*3 1*, STUUU 9#3%# ."(+-(.(/3 1*, SSB ,# 9(3%/"(# 1*, %*#%"/ /--(C

1*+%#, 3* *3-"(E(@ ,('#1# # ,# 9(3%/"(# 1* ,# ,(%*"#%&"# 1"#$8%(-#B (+-,&3/

=&*1@ *+ $&-9/3 -#3/3 /-&,%# E#?/ ,# 9(3%/"(# 1* 43%#6 ;# !"#$"%!&" 1*,

K#"%* 1*, %*#%"/L A *, K#"%* 1* ,# 1#+:#LB *+ ,/3 ."($*"/3 #V/3 1*, 3(',/

.#3#1/B (+(-(@ &+ +&*</ .*"D/1/ *+ *, =&* *+ .#"#,*,/ # ,# (+%"/1&--(@+ 1*,

-/+-*.%/ 1* #&%/+/$D# *+ ,# .(+%&"#B ,# ,(%*"#%&"# / ,# $O3(-# H=&* *+

$&-9/3 -#3/3 1*"(<@ *+ #E3%"#--(@+IB *, %*#%"/ 3* 1*>(+(@ -/$/ #"%* #&%@C

+/$/ "*3.*-%/ #, 1"#$# ,(%*"#"(/ A ,# 1#+:# -/$/ #"%* #&%@+/$# "*3.*-%/# ,# $O3(-#6 W/$*+:#"/+ # >&+-(/+#" *+%/+-*3 +&*</3 -/+-*.%/3 1* 1"#C

$#%&"'(# *+%*+1(1/3 -/$/ .#"%(%&"#3B ,(E"*%/3B '&(/+*3B -/$./3(-(/+*3B

+#""#-(/+*3B *%-6

7(+ *$E#"'/B #, $(3$/ %(*$./ =&* 3* #>("$#E# ,# #&%/+/$D# 1*31* *,

.&+%/ 1* <(3%# 1*, ,*+'&#?*B &+# >&*"%* %*+3(@+ 9*%*"@+/$# #%"#<*3@ 1(<*"C

3#3 ."/.&*3%#3 #"%D3%(-#3 1* <#+'&#"1(# *+ E&3-# 1* &+# "*+/<#1# *>(-#-(#

./,D%(-#B 3/-(#, / "*,('(/3# 1*, #"%*6 G3%# %*+3(@+ ."/</-@ *+ #,'&+/3 -#3/3

*, #E#+1/+/ 1*, *1(>(-(/ 1*, %*#%"/B .*"/ %#$E(4+ 1* ,# (+3%(%&-(@+ K%*#%"/LB

.#"# E&3-#" +&*</ #,/?#$(*+%/ *+ -("-/3B (',*3(#3B -#E#"*%3B *3-*+#"(/3

1*./"%(</3B #+%('&#3 "&(+#3B / E(*+ *+ ,# "#1(/B *+ *, -(+* / *+ ,/3 $&3*/36

5&+=&* ,# ."/.&*3%# $83 "#1(-#, >&* A# +/ ,# 1* 3#-#" *, %*#%"/ # ,# -#,,*B

3(+/ 1* E&3-#" *+ ,# -#,,* *, %*#%"/6 5,'&+#3 1* ,#3 ."/.&*3%#3 $83 1*-(3(C

<#3 .#"# ,# 9(3%/"(# 1* ,# *3-*+# -/+%*$./"8+*# 1*"(<#+ 1* ,#3 EO3=&*1#3

=&* *+ *3%* 3*+%(1/ .,#+%*#"/+ -"*#1/"*3 %#+ 1(3%(+%/3 -/$/ X*"%/,% X"*-9%

A 5+%/+(+ 5"%#&16 G, ."($*"/ *+-/+%"@ *+ ,# *3-*+# -#,,*?*"# &+ $/1*,/.#"# 3& %*#%"/ 4.(-/6 G, 3*'&+1/B *+ ,# "*1#1# ./,(-(#,B &+ $/1*,/ .#"# 3&

%*#%"/ 1* ,# -"&*,1#16 G3 -(*"%/ =&* #$E/3 3#,(*"/+ 1*, %*#%"/ .#"# "*'"*3#"

YZ 2/34 56 78+-9*:



# 4,B .*"/ *, <*+*+/ A# *3%#E# (+/-&,#1/6 M #,'&+#3 14-#1#3 $83 %#"1*B

#,'&+/3 -"*#1/"*3 *+ ,# 4./-# 1*, %*#%"/ "#1(-#, 3#-#"/+ %/1#3 ,#3 -/+3*C

-&*+-(#3 1* *3* K3#,(" # ,# -#,,*L 1* #=&*,,/3 "*</,&-(/+#"(/36

G3%* 3#,(" # ,# -#,,* 1* ,/3 -"*#1/"*3 -/(+-(1(@ -/+ *, 1*3-&E"($(*+%/ 1*

3/-(@,/'/3 A #+%"/.@,/'/3 1* ,/3 *3.#-(/3 3/-(#,*3 -/$/ %*#%"/36 G+ '( *+$,

-$".(%!&" /$ 0( *$+-1"( $" 0( #!/( %1.!/!("( H[\]\IB G"<(+' ^/>>$#+ #+#,(C

:#E# *, -/$./"%#$(*+%/ 3/-(#, 1* ,/3 (+1(<(1&/3 *+%*+1(1/ -/$/ K#-%&#C

-(@+L A *, 1* ,/3 '"&./3 -/$/ &+# #-%&#-(@+ 3/$*%(1# # -(*"%/3 #-&*"1/3

($.,D-(%/36 N/" K#-%&#-(@+L H.*">/"$#+-*IB ^/>>$#+ *+%*+1D# K,# #-%(<(1#1

%/%#, 1* &+ .#"%(-(.#+%* 1#1/ *+ &+# /-#3(@+ 1#1# =&* 3("<* .#"# (+>,&(" 1*

#,'O+ $/1/ 3/E"* ,/3 /%"/3 .#"%(-(.#+%*3L H^/>>$#+B [\]\F Y_I6 !* $/1/

=&* *+ +&*3%"# <(1# -/%(1(#+# +/3 <*$/3 *+>"*+%#1/3 # ,# #-*.%#-(@+ 1*

1"#$#%&"'(#3 ."**3%#E,*-(1#3 / E(*+ # ,# %/$# -/+3%#+%* 1* 1*-(3(/+*3 1"#C

$#%O"'(-#36

7( ,# 3/-(*1#1 *3 &+ %*#%"/ A ,/3 -(&1#1#+/3 -/$(*+:#+ # 3*" -/+3-(*+%*3

1*, 3($&,#-"/B 3( *,,/3 $(3$/3 A# 3* 3(*+%*+ #-%/"*3 * (+%*'"#1/3 *+ 1(<*"C

3/3 1"#$#3 3/-(#,*3 =&* 3* -"&:#+ A 3* *+%"*%*?*+B `=&4 3*+%(1/ %(*+*

1&.,(-#" *+ *, 8$E(%/ #"%D3%(-/ *3# $(3$# *3%"&-%&"#a

TD-%/" R&"+*"B ./" 3& .#"%*B -/+<("%(@ ,# K#-%&#-(@+ -&,%&"#,L H-&,%&"#, .*"C

>/"$#+-*I *+ 3&3 1(3%(+%#3 $/1#,(1#1*3 H"(%&#,B %*#%"/B 1#+:#B %*,*<(3(@+B

*%-6I *+ &+ ,&'#" ."(<(,*'(#1/ .#"# *, *3%&1(/ 1* ,/3 -#$E(/3 3/-(#,*36 G+%*+C

1(*+1/ =&* *+ ,# #-%&#-(@+ -&,%&"#, ,# "*,#-(@+ *+%"* *3%"&-%&"# A %"#+3>/"C

$#-(@+ ."*3*+%* *+ -&#,=&(*" /"'#+(:#-(@+ 3/-(#, 9&$#+# #1=&(*"* &+#

<(3(E(,(1#1 *3.*-(#,J +/ 3@,/ *3/B 3(+/ =&* *+ $&-9/3 -#3/3B ,# #-%&#-(@+

-&,%&"#, *3 *, *3.#-(/ -*""#1/ *+ =&* *, -#$E(/ 3/-(#, 3* <(3(E(,(:# / *3-*C

+(>(-#6

;#3 ."/.&*3%#3 1* ^/>>$#+ A R&"+*" #-%&#,(:#E#+ *+ -(*"%/ $/1/ ,#3 1*

5"%#&1 A X"*-9% *+ 3&3 "*3.*-%(<#3 *3-*+#3 1* -#,,*6

M *+ *>*-%/B #, $(3$/ %(*$./ =&* ,# #+%"/./,/'D# 1*3-&E"D# ,# 1($*+3(@+

1"#$8%(-# 1* ,# <(1# 3/-(#,B +&$*"/3/3 -"*#1/"*3 3* ,#+:#"/+ # ."8-%(-#3

*3-4+(-#3 +/ 1"#$8%(-#3B *+ >/"$# 1* *<*+%/3 *>D$*"/3B 9#..*+(+'3B %*#C

%"/ 1* 3(%&#-(/+*3B %*#%"/ 1* <(<*+-(#3B #"%*3 1*, -&*"./B '&(#1/3 ./" ,#-/+3%#%#-(@+ 1* =&* %/1/3 3/$/3 #-%/"*3 A ./" ,# &%/.D# 1* =&* %/1/3

./1*$/3 1*?#" 1* "*."*3*+%#" +&*3%"/ .#.*, .#"# 3*" #"%(3%#36

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ Y[



G3%* +&*</ 9/"(:/+%* #E"(@ *, -#$(+/ .#"# 1(3%(+%#3 >/"$#3 1* %*#%"/

3/-(#,B %*#%"/ 1* (+%*"<*+-(@+B %*#%"/ 1/-&$*+%#,B .*"/ %#$E(4+ # ."8-%(-#3

1* >(,(#-(@+ 1#+-D3%(-# / %*#%"#, =&* 3* ."/./+D#+ *+ &+ -/+%*0%/ / *+ &+#*3%"#%*'(# -/+ /E?*%(</3 ./,D%(-/3B 3/-(#,*3B $*1(/#$E(*+%#,*3B *%-6

`b&(*"* *3%/ 1*-(" =&* *, %*#%"/ *3%#E# 1*%*"$(+#1/ # 3#,(" # ,# -#,,*B *3

1*-("B #, *3.#-(/ 3/-(#, .#"# +/ "*'"*3#" $83a `c E(*+ *3 ./3(E,* 3*'&(" .*+C

3#+1/ *+ &+# >&+-(@+ $($4%(-# 1*, %*#%"/a !* 9*-9/B $&-9/3 #"%(3%#3 9#+

/.%#1/ ./" "*-&.*"#" *3%# <D# H,# <D# $($4%(-#I A "*."/1&-(" 3/E"* *, *3-*C

+#"(/ ,# -/$.,*?# %"#$# 1* "*,#-(/+*3 *+%"* ,/ (+1(<(1&#, A ,/ -/,*-%((--(@+ H1"#$#I A "*#,(1#1 H9(3%/"(#IB -&*3%(/+#+1/ *+ *, (+%*"(/" 1*,%*#%"/ *, #"%(>(-(/ 1* &+# "*."*3*+%#-(@+ =&* +/ *3%8 ."($#"(#$*+%* *+ *,

%*#%"/B 3(+/ >&*"# 1* 4,6

5, 9#-*" *3%/B *, %*#%"/ 3* 9#-* -@$.,(-* 1* ,# "*>,*0(@+ 1* #,'&+/3 #"=&(C

%*-%/3 3/E"* *, -/+-*.%/ -/+%*$./"8+*/ 1* -#3#6 G+ *>*-%/B .#"# $&-9/3B

,# .*">*--(@+ %*#%"#, *3%8 #3/-(#1# #, %*#%"/ +#%&"#,(3%#B =&* 3* E#3#E# *+ ,#

"*."/1&--(@+ *+ *3-*+# 1*, *3.#-(/ 1/$43%(-/ H9#E(%&#,$*+%* E&"'&43B

#&+=&* %#$E(4+ ."/,*%#"(/ * (+-,&3/ $#"'(+#, *+ ,# /E"# 1* #,'&+/3 1"#C

$#%&"'/3I6 ;#3 <#+'&#"1(#3 *3-4+(-#3 "/$.(*"/+ ,# -#3# E&"'&*3# A X"*-9%

-/+-(E(@ E&*+# .#"%* 1* 3& %*/"D# # .#"%(" 1* ,# (1*# 1*, #E#+1/+/ 1* ,#

-#3#B 1* ,# .&*3%# *+ $/<($(*+%/ 1* ,# -#3#B 1* ,# -(&1#1 -/$/ O+(-# -#3#6

7( =&(3(4"#$/3 </,<*" # *3# 4./-# 1/"#1# H#&+=&* %#$E(4+ #'@+(-#I 1*, %*#C

%"/ 1"#$8%(-/B `=&4 -#3# +/3 *+-/+%"#"D#$/3a

G+ KN#(3#?* #"=&(%*-%@+(-/ 1* &+# -(&1#1 *+<&*,%# *+ &+# .*,D-&,# 1* .,83C

%(-/ %"#+3.#"*+%*LB R/A/ U%/ "*>,*0(/+#E# 3/E"* ,#3 -/+3*-&*+-(#3 1* ,#$&,%(>#-*%#-(@+ 1* ,# -(&1#1 -/$/ ,&'#" >D3(-/ .*"/ %#$E(4+ -/$/ >*+@C

$*+/6 G+ ,/ =&* U%/ ,,#$#E# ,# K-(&1#1 -/$/ >*+@$*+/LB ,/3 3*"*3 9&$#C

+/3 $#+%(*+*+ "*,#-(/+*3 <("%&#,*3 *+ *3.#-(/3 .#3#?*"/3B *3.#-(/3 -#"#-C

%*"(:#1/3 ./" ,# +*&%"#,(1#1B ,# >,&(1*:B ,# %"#+3.#"*+-(#6 ;# -#3#B *+ -#$C

E(/B 3('&* 3(*+1/ -/+-*E(1# -/$/ &+ *3.#-(/ 1* >(?#-(@+6 ;# -#3# %(*+1* #

"*."/1&-(" *+ 3& *3%"&-%&"# ,# 1* ,#3 "*,#-(/+*3 1* &+# >#$(,(# $/1*,/B

#"%(-&,#1# *+ %/"+/ #, 3#,@+C-/$*1/" H*3.#-(/ .OE,(-/IB #, =&* -/+>,&A*+

,/3 1/"$(%/"(/3 A #, =&* 3("<*+ ,# -/-(+# A /%"#3 1*.*+1*+-(#36 N*"/ ,# >#$(C,(# -/+%*$./"8+*#B =&* 9#E(%# A# +/ ,# -(&1#1 >D3(-#B 3(+/ ,# K-(&1#1 >*+@C

$*+/LB +/ 3* #1*-&# # *3# *3%"&-%&"#F

YY 2/34 56 78+-9*:



-#1# &+/ 1* ,/3 $(*$E"/3 1* ,# >#$(,(#B *+ ,&'#" 1* *3%#" "*,#-(/C

+#1/3 *+%"* 3DB %(*+*+ *0%*+1(1#3 9#-(# ,# 3/-(*1#1 1(3%(+%#3 "*1*3

*+ $O,%(.,*3 -#.#3B ./" $*1(/ 1* ,/3 $*1(#6 def ;/3 (+1(<(1&/3 3*&+*+ *+%"* 3D ./" $*1(/ 1* (++&$*"#E,*3 "*1*3 "#$(>(-#1#36 G, (+1(C

<(1&/ 3* 1("('* 1* &+# >/"$# 1("*-%# A -/$.,*%# 9#-(# ,# 3/-(*1#1B

*+ %#+%/ =&* 9#-(# ,# >#$(,(# ,/ 9#-* 1* &+# >/"$# 3*-&+1#"(#6 g#A

&+ '"#+ 1*3>#3* *+%"* ,# 1(3./3(-(@+ 1*, *3.#-(/ "*3(1*+-(#, -/+C

<*+-(/+#, A ,# "*#,(1#1 #-%&#,6 N/1"D# 1*-("3* =&* *, *3=&*$# 1* ,#

<(<(*+1# *+ ,# =&* -#1# 1/"$(%/"(/ 3* .&3(*"# *+ -/+%#-%/ 1("*-%/

-/+ ,# 3/-(*1#1 A *+ ,# =&* ,# 3#,# 1* *3%#" A *, -/$*1/" *3%&<(*"#

*+ *, %"#3>/+1/ -/$/ &+ *3.#-(/ #"E(%"#"(/B *3%#"8 $&-9/ $83 -*"-#

1* ,# <(1# "*#,6 W#>*%*"D#3B E#"*3 A "*3%#&"#+%*3 =&* 3&3%(%&A*+ #,-&#"%/ 1* *3%#" A #, -/$*1/"B K-/+<*+(*+% 3%/"*3L =&* >&+-(/+#+ Yh

9/"#3 #, 1D# A =&* <(*+*+ # 3*" -/$/ &+ '"#+ >"('/"D>(-/B ,#3 E/&%(C

=&*3 =&* 3&3%(%&A*+ #, #"$#"(/ "/.*"/B ,/3 '($+#3(/3 =&* 3&3%(%&A*+

# &+ (+$*+3/ ?#"1D+B ,/3 *3%#E,*-($(*+%/3 *+ -#1*+# 1* -/$(1# "8.(C

1# A ,&+-9 E/0B -/$/ #,%*"+#%(<#3 1* ,# -/-(+#B *%-6B *%-6 HU%/B

YZZZF[Y[C[YYI6

;# 1*3(+%*'"#-(@+ 1* ,# -#3# >#$(,(#"B ,# $&,%(.,(-#-(@+ 1* ,/3 $/1*,/3 1*

>#$(,(# A 1* -#3#B ,#3 -/$.,*?#3 "*,#-(/+*3 *+%"* ,/ .OE,(-/ A ,/ ."(<#1/ =&*,#3 -/$&+(-#-(/+*3 <("%&#,*3 H*+ -&#+%/ *0.#+3(@+ 1* ,#3 -/$&+(-#-(/+*3

&"E#+#3I ."/1&-*+B +/3 ,,*<#+ # -/+3(1*"#" +&*<#3 ./3(E(,(1#1*3 1"#C

$#%O"'(-#36 7( ,# -#3# E&"'&*3# *+'*+1"@ *, 1"#$# E&"'&43B `=&4 1"#$#C

%&"'(#3 '*+*"# ,# -(&1#1 >*+@$*+/ A ,# -#3# #E(*"%# / *0.#+1(1#a

R*#%"#,(1#1 A .*">/"$#%(<(1#1

R/A/ U%/B # =&(*+ *, %*#%"/B A *3.*-(#,$*+%* *, %*#%"/ ij 3("<* *+ $&-9#3

/-#3(/+*3 1* (+3.("#-(@+ / .&+%/ 1* .#"%(1# .#"# ,# >/"$&,#-(@+ 3/E"* 3&3

(1*#3 #"=&(%*-%@+(-#3B (+3(3%* *+ ,# (1*# 1* >,&(1*: A 1* $*%#$/">/3(3 -/$/

-/+-*.%/3 -,#<* 1* 3& ."/A*-%/ #"=&(%*-%@+(-/6 ;# >(?#-(@+ ."/.(# 1* ,#

#"=&(%*-%&"# *3%#"D# *+ -/+>,(-%/ -/+ ,# >,&(1*: ."/.(# 1* ,/3 $/1/3 1*

-/$&+(-#-(@+ A *0.*"(*+-(# 1* ,# 3/-(*1#1 -/+%*$./"8+*#6 M *+ *3%/ ,#

#"=&(%*-%&"# *+-&*+%"# *, $(3$/ ."/E,*$# =&* ,# (+3%(%&-(@+ %*#%"#,6 G, %*#C

%"/B *+ -&#+%/ (+3%(%&-(@+B >(?# &+/3 ,D$(%*3 *3.#-(/C%*$./"#,*3B .*"/ %#$C

E(4+ #3&$* &+# -/+<*+-(@+ 3/-(#, *3%8%(-#B -/+%"#"(# # ,# >,&(1*: =&* ,* .*"C$(%("D# ."*3*+%#"3* -/$/ &+ $*1(/ #1*-&#1/ .#"# ,# *0.*"(*+-(# *3%4%(-#

-/+%*$./"8+*#6

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ Yk



i/ 1*?# 1* "*3&,%#" (+%*"*3#+%* =&* ,/3 ."($*"/3

#"%(3%#3 =&* (+(-(#"/+ *3* %(./ 1* ."8-%(-#3 =&*

,&*'/ 3* ,,#$#"D#+ #"%* 1* #--(@+B K,(<* #"%L /K.*">/"$#+-* #"%L -/+-(E(*"#+ 3& ."/.&*3%#

-/$/ &+# #."/0($#-(@+ #, %*#%"/B A =&* (+-,&3/

#,'&+/3 1* *,,/3B -/$/ *, ."/.(/ 2/9+ W#'*B

9#E,#"#+ *0.,D-(%#$*+%* 1* K%*#%"/L6 c-&""* ,/

$(3$/ *+ *, -#3/ 1* ,/3 #+%"/.@,/'/3 *+ ,/3 =&*

,&*'/ 3* E#3#"D#+ #&%/"*3 -/$/ l(-9#"1 7-9*-9C

+*" .#"# >&+1#$*+%#" ,/3 KN*">/"$#+-* 7%&C

1(*3L6 G+ "*#,(1#1B # G"<(+' ^/>>$#+ A TD-%/"

R&"+*" ,*3 (+%*"*3#E#+ ,#3 #-%&#-(/+*3 3/-(#,*3B #

,#3 =&* *+ $&-9#3 /-#3(/+*3 1*+/$(+#E#+ K1"#C

$#3 3/-(#,*3L6 ;/ (+%*"*3#+%* *3 =&* TD-%/" R&"C

+*" "*-/+/-D# *+ *3/3 1"#$#3 +/ &+ *3.#-(/ 1*

>(?#-(@+B 3(+/ $83 E(*+ &+ *3.#-(/ 1* -#$E(/B A

3* $/3%"#E# $&A -"D%(-/ -/+ =&(*+*3 1*31* &+#

$*+%#,(1#1 /--(1*+%#, "#-(/+#,(3%# -/+%*$.,#C

E#+ ,/3 "(%&#,*3 -/$/ (+3%(%&-(/+*3 1* >(?#-(@+6

5, -/+%"#"(/B .#"# 4, ,/ $83 (+%*"*3#+%* 1*,1"#$# 3/-(#, *3 ,/ =&* 1*+/$(+@ ,# >#3* 1*

&$E"#, / 1* ,($*+B *3# 1($*+3(@+ ,($(+#, 1* ,#3

#-%&#-(/+*3 3/-(#,*3 1/+1* 3* ."/1&-D# ."*-(3#C

$*+%* ,# 1*3*3%#E(,(:#-(@+B ,# $*%#$/">/3(3 /

-/$/ 1("D# $83 %#"1* R/A/ U%/B ,# >,&(1*:6

!* ,/ =&* 3* %"#%#"D# *+%/+-*3 *3 1* *0%"#*" ,/

,($(+#, 1*, -(*""* "(%&#,B *+ &+ $/<($(*+%/

.#"#,*,/ #, =&* ,,*<@ # 5"%#&1 A X"*-9% # 3#-#"

*, %*#%"/ # ,# -#,,*6 ;# %*@"(-# #,*$#+# m(3-9*"C

;(-9%* "*-&""("D# ('&#,$*+%* #, -/+-*.%/ 1*

&$E"#, .#"# #"'&$*+%#" ,/3 >&+1#$*+%/3 1*

3& 2-.3.!%( /$ 01 *$+41+5(.!#1 6 Hm(3-9*"C;(-9%*B

YZZhF kZ]33I6 !* $/1/ =&* ,/ ,($(+#, ./1"D# 3*"

-/+3(1*"#1/ -/$/ &+# 1* ,#3 -,#<*3 "(:/$8%(C

-#3 .#"# ,# 1*>(+(-(@+ 1* &+ .#"#1('$# .*">/"C

$#%(</ 1(>*"*+%* #, .#"#1('$# %*#%"#, H=&* #O+3*'&D# &%(,(:#+1/ ^/>>$#+ *+ 3&3 (+<*3%('#-(/C

+*3 3/E"* ,# 1"#$#%&"'(# 3/-(#,I6

Yh 2/34 56 78+-9*:

i/%#3

[6 T4#3* %#$E(4+ G"(n#m(3-9*"C;(-9%* K;# -(*+C-(# %*#%"#, *+ ,# #-%&#,(C1#16 G, '("/ .*">/"$#%(C</ *+ ,#3 -(*+-(#3 1* ,#-&,%&"#LB *+ 7"/(8(%!&"+6o [YC[k H1(-(*$E"*ZpP?&+(/ Z_I6



G+ ,# (+%"/1&--(@+ # 3& O,%($/ ,(E"/ 9:$ (".:+1*1018; 14 *$+41+5("%$

H[\q_I R&"+*" -/+3%#%#E#F

G+ ,# #+%"/./,/'D# 3* 9# ."/1&-(1/ &+ +/%#E,* -#$E(/ 1* 4+>#3(3 %*@C

"(-/ *+ ,/3 O,%($/3 #V/3F 1* ,# *3%"&-%&"# #, ."/-*3/B 1* ,# -/$.*%*+C

-(# # ,# #-%&#-(@+B 1* ,# ,@'(-# 1* 3(3%*$#3 -&,%&"#,*3 A 3/-(#,*3 # ,#

1(#,4-%(-# 1* ."/-*3/3 3/-(/-&,%&"#,*36 R*+*$/3 =&* .*+3#" *+ -#$C

E(#" -#$./3 3/-(/3($E@,(-/3 $83 =&* *3%"&-%&"#3 *3%#E,*36 HR&"+*"B

[\q_F Y[I6

G3%* -#$E(/ 1* 4+>#3(3 ./1"D# <(3&#,(:#"3*B %#+%/ *+ *, 8$E(%/ 3/-(#, -/$/*+ *, 8$E(%/ *3-4+(-/B -/$/ &+ %"8+3(%/ 1* ,/ %*#%"#, # ,/ .*">/"$#%(</6

W&#+1/ 9#E,#$/3 1* %*#%"#,(1#1 <36 .*">/$#%(<(1#1 +/ *3%#$/3 -/+%"#./C

+(*+1/ %*#%"/ 1"#$8%(-/ # #"%* 1* #--(@+B -/+%"#./3(-(@+ *3%4"(,B 3(+/ 1/3

.#"#1('$#3 1* -/$."*+3(@+B 1* -/$./"%#$(*+%/ A 1* #-%&#-(@+ 3/-(#, =&*

3* .&*1*+ $#+(>*3%#" %#+%/ *+ *, $*1(/ *3-4+(-/B -/$/ *+ *, 1* ,#3 #"%*3

<(3&#,*3B *, -(+*B ,# #"=&(%*-%&"# / *+ '*+*"#, ,/3 $/1/3 1* -/$&+(-#-(@+ A

3/-(#,(:#-(@+6

;# %*#%"#,(1#1 3* -#"#-%*"(:# ./" &+# #-*+%&#-(@+ 1* ,# /E3*"<#-(@+B 1* ,#

-/+3-(*+-(# 1* ,# /E3*"<#-(@+B A ./" %#+%/ 1* ,# "*."*3*+%#-(@+ A 3& -/+3C

%"&--(@+6 ;# %*+3(@+ *0%"*$# 9#-(# ,# >(?#-(@+ ."/1&?/ ,# #,*'/"D# 1*,

$&+1/ -/$/ %*#%"/ A 1*, %*#%"/ -/$/ $&+1/6 G+ *3%* $/1*,/ ,/3 -#$E(/3

*3%8+ ."**3%#E,*-(1/3 A *+ -&#,=&(*" -#3/ +/ #>*-%#+ # ,# *3%"&-%&"# $(3$#

1*, &+(<*"3/ -*""#1/6 G, -#$E(/ *0(3%*B -/+3%(%&A* ,# *3*+-(# 1* ,/ 1"#$8%(C

-/B .*"/ =&*1# -,#&3&"#1/ ./" ,/3 ,D$(%*3 1* ,# %*#%"#,(1#16 ;# "*#,(1#1

3/-(#, 3* ($./+* #, 3&*V/ (+1(<(1&#, H,# "*#,(1#1 *%*"+#B *+ *, $/1*,/ E#""/-/B 3* ($./+* #, 3&*V/ E(/'"8>(-/I6

;# .*">/"$#%(<(1#1 *+ -#$E(/ *+>#%(:# ,# #--(@+B *, 1(+#$(3$/B A ./" %#+%/

9&A* 1* ,# "*."*3*+%#-(@+ *+ E&3-# 1* ,# $#+(>*3%#-(@+ 1* &+ $&+1/ .*"C

$#+*+%*$*+%* -#$E(#+%*6 ;/3 -#$E(/3 +/ 3/+ .#"# /-&.#" /%"/ ,&'#"B 3(+/

.#"# 3*'&(" 3/-(#,$*+%* <(</36 ;# <(1# 1*, 3(3%*$# 1*.*+1* 1* ,# <(1# 1*

,/3 (+1(<(1&/3 =&* ,/ -/$./+*+6 i/ *0(3%* -,#&3&"#B / #, $*+/3 +/ *0(3%*

$/1/ 1* <(3&#,(:#" *3# -,#&3&"#6 ;/3 ,D$(%*3 *+%"* "*#,(1#1 A >(--(@+ 3/+$@<(,*3 A 1*.*+1*+ 1* #-&*"1/3 .*"$#+*+%*3 A 1* ,#3 %"#+3>/"$#-(/+*3

=&* ,# 3(%&#-(@+ *0.*"($*+%#6

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ Y]



N/1"D#$/3 -/+3(1*"#" ,# *0.#+3(@+ 1*, $/1*,/ .*">/"$#%(</ -/$/ &+ 3D+C

%/$# 1* &+# 1*$/-"#%(:#-(@+ 1* ,# 3&E?*%(<(1#1B -/$/ ,# -/+1(-(@+ 1*

./3(E(,(1#1 1* &+# 1*>(+(-(@+ 1* (1*+%(1#1*3 +/ 3/$*%(1# # $/1*,/3 -*""#C1/3 A &+# 1*>(+(-(@+ 1* 3(%&#-(/+*3 1* -/+<(<*+-(# -/+3%#+%*$*+%*

*0.&*3%#3 # +*'/-(#-(@+6 G3%# 1*$/-"#%(:#-(@+ 1* ,# 3&E?*%(<(1#1 ./1"D#

3*" ,# /%"# -#"# 1* ,# $/+*1# 1* ,/ =&* N#/,/ T("+/ ,,#$# *, '/E(*"+/ 1*

,#3 $&,%(%&1*3B *, "*-/+/-($(*+%/ 1* =&* ,# #'"*'#-(@+ 1* (+1(<(1&/3 +/

%(*+* ./" =&4 1#" ,&'#" # ,# $#3#B 3(+/ =&* .&*1* 3*" #-*.%#E,* &+ 3(3%*$#

*+ *=&(,(E"(/B &+ -("-&(%/ -*""#1/ *+ =&* ,# (1*+%(1#1 -/,*-%(<# *3%8 *+ >&+C

-(@+ 1* ,#3 (1*+%(1#1*3 (+1(<(1&#,*3 A # ,# (+<*"3#6 HT("+/B YZZkI6

!*31* =&* 3* #1<("%(@ *, (+(-(/ 1*, '("/ .*">/"$#%(</B -/$*+:@ # *0%*+1*"C3* %#$E(4+ #, (1*# 1* =&* ,/ %*#%"#, A# +/ 3*"<D# .#"# "*3./+1*" # ,# ,(=&(C

1*: 1* ,# *0.*"(*+-(#6 ;# "&.%&"# 1* ,# %*#%"#,(1#1 (E# #3/-(#1# # ,# #,*"'(#

# ,# "*."*3*+%#-(@+ A # ,# #-*.%#-(@+ 1* ,# ,@'(-#B *+%*+1(1#3 #$E#3 -/$/

($./3(-(/+*3 3/-(#,*3 P #&%/"(%#"(#36 G+ -/+%"#B 3* /.%@ ./" ,# #&%/"*."*C

3*+%#-(@+ A *, #:#"6

7(+ *$E#"'/B ,#3 -/3#3 +/ 3/+ %#+ 3*+-(,,#3F +/ 9#A E,#+-/ A +*'"/6 G+

."($*" ,&'#"B ./"=&* ,# -/+3-(*+-(# 1* ,# /E3*"<#-(@+ A ,# -/+3%"&--(@+ 1*

,# "*."*3*+%#-(@+ .*"$*#+ ,/3 -/$./"%#$(*+%/3 3/-(#,*3 A -/%(1(#+/3 9/A

*+ &+ '"#1/ $&-9/ $83 *,*<#1/ -/$/ -/+3*-&*+-(# 1* ,# *0.#+3(@+ 1*

,/3 $*1(/3 1* -/$&+(-#-(@+ %*,*$8%(-/36 M *, '"#+ %*#%"/ 1*, $&+1/B =&*

*+ *, E#""/-/ *&"/.*/ -/+<*"%D# # %/1/3 ,/3 3*"*3 *+ #-%/"*3 1*, 1"#$#

*3-"(%/ A -/+%*$.,#1/ ./" ,# 1(<(+(1#1B "*#.#"*-* %"#+3>/"$#1/ *+ &+#

$&,%(.,(-#-(@+ 1* "*."*3*+%#-(/+*3 (+1(<(1&#,*3 A -/,*-%(<#3 .#"# &+# (+>(C

+(1#1 1* /E3*"<#1/"*3 (+%*"-/+*-%#1/36 N/" /%"# .#"%*B *,

4+>#3(3 *+ ,# /E3*"<#-(@+ %#$E(4+ ,/ *3 *+ ,# 1($*+3(@+ 3/-(#, 1* ,#3 ."8-C

%(-#3 #"%D3%(-#3 A +/C#"%D3%(-#3B A ./" %#+%/ (+1(-# &+# </,&+%#1 1* (+3-"(C E("3* *+ &+ *3.#-(/ 1* 1*E#%* $/"#, A ./,D%(-/6 2&+%/ #, $/1*,/ K'"#+ %*#C

%"/ 1*, $&+1/L #.#"*-* *+%/+-*3 *, /%"/ '"#+ $/1*,/ 3&"'(1/ *+ ,# (,&3C

%"#-(@+F *, %*#%"/ -/$/ >/"/ H-/+ 3&3 1*3<(#-(/+*3 9#-(# *, ./1(/ A *, %"(C

E&+#,I6

G+ 1*%*"$(+#1/3 -/+%*0%/3 A *+ *, (+%*"(/" 1* -(*"%#3 /.-(/+*3 ./,D%(-#3 A

*3%4%(-#3B *, "*-&"3/ # ,# %*#%"#,(1#1 .&*1* "*3&,%#" *+/"$*$*+%* *>(-#:6 G+

3& ,(E"/ '1- /15!"(/1- ; $0 (+.$ /$ 0( +$-!-.$"%!( H[\\ZIB 2#$*3 7-/%% $/3%"@

-@$/ >"*+%* # 1*%*"$(+#1#3 3(%&#-(/+*3 1* 1/$(+#-(@+B >&*"%*$*+%* -/+C1(-(/+#1#3 ./" ,/ =&* 4, 1*+/$(+# K*0('*+-(#3 %*#%"#,*3LB ,# #-%&#-(@+

-/+3-(*+%*B (+-,&3/ *, 9(3%"(/+(3$/B .&*1* -/+3%(%&(" &+ $*1(/ *>(-#: 1*

Yp 2/34 56 78+-9*:



"*3(3%*+-(#6 M *3%* "*-&"3/ # ,# %*#%"#,(1#1 3* 1# *3.*-(#,$*+%* -&#+1/ ,/3

/."($(1/3 / ,/3 3&E#,%*"+/3 +/ *+-&*+%"#+ *, *3.#-(/ +*-*3#"(/ .#"# *,

1*3#""/,,/ 1* &+# #--(@+ .*">/"$#%(<# A 1*E*+ "*-&""(" # #-%&#" 3& .#.*,#,%*"8+1/,/ 1*+%"/ 1*, ."/.(/ $#"-/6 7-/%% #+#,(:# #,'&+/3 *?*$.,/3 *+ *,

-/+%*0%/ 1* "*'D$*+*3 *3-,#<(3%#3 1*, STUUUB *, -/,/+(#,(3$/ E"(%8+(-/ *+ ,#

U+1(# *+ *, 3(',/ SUS A SS / *, #.#"%9*(1 3&1#>"(-#+/ 1* ,/3 #V/3 3*%*+%# A

/-9*+%#6 H7-/%%B [\\ZI6

N/1"D#$/3 ,/-#,(:#" *0./+*+%*3 *3-4+(-/3 -/+%*$./"8+*/3 1* &+# %*#%"#C

,(1#1 1* "*3(3%*+-(# *+ 3(%&#-(/+*3 1* /."*3(@+ *+ ,#3 ."/.&*3%#3B ./"

*?*$.,/B 1* 2*3&3# l/1"D'&*: *+ r40(-/ / 5+'4,(-# ;(11*,, *+ G3.#V#6

G3%* "*%/"+/ 1* ,/ %*#%"#, *+ ,# ."8-%(-#3 1* "*3(3%*+-(# +/ -/+%"#1(-* ,/ =&*

#+%*3 9* 1*+/$(+#1/ K'("/ .*">/"$#%(</LB $83 E(*+ (+%"/1&-* -/$.,*?(C

1#1 *+ *, 1(#'+@3%(-/ 1*, ."*3*+%*B (+%"/1&-* 1(<*"3#3 %*$./"#,(1#1*3 *+

,# -/$."*+3(@+ 1* +&*3%"/ ."*3*+%* H+/ 1(3%(+%/3 %*""(%/"(/3B 3(+/ 1(3%(+%#3

%*$./"#,(1#1*3 %#$E(4+ *+ &+ $(3$/ %*""(%/"(/ A *+ &+# $(3$# *0.*"(*+C

-(#I6 M *>*-%(<#$*+%*B *, '/E(*"+/ 1* ,#3 $&,%(%&1*3 *3 &+ 9/"(:/+%* A &+#

,&-9#B .*"/ +/ &+# "*#,(1#1 *>*-%(<#B ./"=&* ,# 9(3%/"(# +/ 3* 9# #-#E#1/B

3* 9# $&,%(.,(-#1/B 3* 9# 9*-9/ $83 -/$.,*?#6

59/"# E(*+B *, '("/ .*">/"$#%(</ +/ 3@,/ %(*+* =&* <*" -/+ &+# 1*>(+(-(@+

1* ,# .*">/"$#%(<(1#1 1*31* 3& 1(8,/'/ / %*+3(@+ -/+ ,# %*#%"#,(1#16 G+ ,/3

O,%($/3 #V/3 9# 3(1/ $&A ($./"%#+%* ,# "*>,*0(@+ 3/E"* ,# .*">/"$#%(<(1#1

,(+'sD3%(-# A ,#3 -/+3*-&*+-(#3 1*, #+8,(3(3 1* ,# >&+-(@+ .*">/"$#%(<# 1*,

,*+'&#?* *+ ,# ."8-%(-# *3-4+(-#6

5+%*3 1* =&* 26;6 5&3%(+ %*/"(:#"# 3/E"* *,,/B N#&, T#,t"AB -/$/ "*-&*"1#

%#$E(4+ T("+/B /E3*"<#E# ,/ 3('&(*+%*F

5+%*3 %/1#<D# =&* 3('+(>(-#" #,'/B %/1# *$(3(@+ 1* ,*+'&#?* 3*V#,# =&*

#,'&(*+ 9#E,#6 G3%/ *3 1*-(3(/"$#%(<(1#1a T("+/ "*3./+1* #3DF

def 9#A /-#3(/+*3 *+ ,#3 =&* ,/ =&* 3* 1(-* +/ %(*+* +(+'&+# ($./"C

%#+-(#B 3(*+1/ 1*-(3(</ *, 9*-9/ $(3$/ 1* 9#E,#"B 1* $/3%"#"3* # ,#

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ Y_



$("#1# 1* ,/3 1*$83 -/$/ >&*+%* 1* *+&+-(#-(/+*36 g* #=&D =&*B

-&#+1/ 3* -/$&+(-# =&* 3* *3%8 -/$&+(-#+1/ H/ 3*#B -&#+1/ 3@,/

-&*+%# ,# #--(@+ 1* *+&+-(#"B +/ *, %*0%/ 1*%*"$(+#1/ 1*, *+&+-(#1/IB*+%/+-*3 "*3&,%# ,(%*"#,$*+%* -(*"%/ =&* K*, >(+ O,%($/ *3 *, *?*"-(-(/

$(3$/ 1* ,# >#-&,%#1L6 HT("+/B YZZ]F ]kI6

;,*<#+1/ *3%/ #, *0%"*$/B "#1(-#,(:#+1/B *3%# >&+-(@+B *+-/+%"#$/3 ,#

./3(E(,(1#1 1* -/+-*E(" ,# ."8-%(-# 1*, ,*+'&#?* 3($.,*$*+%* -/$/ &+#

1*>(+(-(@+ 1* ,# 3(%&#-(@+B =&* *+ 3& 1*3#""/,,/ ."/1&-* #,%*"#-(/+*3 A

"*-/+>('&"#-(/+*3 1* ,#3 "*,#-(/+*3F 1# <(3(E(,(1#1 # &+/3 3/E"* /%"/3B 9#-*

*0(3%(" 3/-(#,$*+%* # &+/3 A # /%"/3 +/B *%-6

G3%# ."8-%(-# ,(+'sD3%(-# +/ *3 *0-,&3(<# 1* ,/ <*"E#,B 3( E(*+ 9#3%# 9#-*

./-/ 3* -/+3(1*"#E# =&* 3@,/ ,/ <*"E#, ./1D# %*+*" -/+3*-&*+-(#3 3/-(#,*3

/ ./,D%(-#3B A# =&* *, "*3%/ 1* >/"$#3 1* -/$&+(-#-(@+ .*"3/+#, -#D#+ E#?/

*, 3('+/ 1* ,/ (+</,&+%#"(/6 G3%/ 9# -#$E(#1/ 1"83%(-#$*+%* *+ ,/3 O,%($/3

#V/3B A ,# ."8-%(-# .*">/"$#%(<# A# +/ /-&""* ."(/"(%#"(#$*+%* *+ ,/ <*"E#,B

3(+/ ('&#,$*+%* *+ ,/ '*3%&#,B *+ ,# #.#"(*+-(#B *%-6

`b&(*"* *3%/ 1*-(" =&* ./1*$/3 9#E,#" #9/"# 1* &+ ,*+'&#?* 1*, -&*"./B

1* &+ ,*+'&#?* 1* ,# ($#'*+ A 1* &+ ,*+'&#?* 1* ,/3 "(%$/3B 1* ,/3 %/+/3B

*%-6 -#.#: 1* 1*3#""/,,#" ,#3 $(3$#3 >&+-(/+*3 =&* *, <*"E#,a N/1"D#$/3

1(3-&%(" ,/3 %4"$(+/36 G+ -&#,=&(*" -#3/B #.#"*-* &+# -/+3*-&*+-(# -,#"#F

,/3 ?&*'/3 3/-(#,*3 <*"E#,*3 9#+ 3(1/ / *3%8+ 3(*+1/ 3&3%(%&(1/3 ./" ?&*'/3

.*">/"$#%(</3 -/$.,*?/36 M *3%/ 9# 1#1/ ,&'#" # &+# 3*"(* 1* ."8-%(-#3 *+

=&* ,# 1($*+3(@+ .*">/"$#%(<# 1*, ,*+'&#?* .&*1* 3*" %#$E(4+ "*-/+/-(1#

*+ #-%&#-(/+*3 H.*">/"$#+-*3I 1* -&#,=&(*" %(./6

;# .#,#E"# A *, -&*"./

;# .*">/"$#%(<(1#1 +/3 #."/0($# #, -&*"./ 1* &+# >/"$# $&A 1(>*"*+%* #

,# %*#%"#,(1#16 ;# %*#%"#,(1#1 *3 *, %*""(%/"(/ 1* ,# $83-#"#6 ;# .*">/"$#%(C

<(1#1 ,/ *3 1*, *+$#3-#"#$(*+%/B 1*, %"8+3(%/ -/+3%#+%* 1* ,# 3(+-*"(1#1 #

,# $83-#"# A 1* ,# $83-#"# # ,# 3(+-*"(1#16 5&+=&* 9#-* $&-9/3 #V/3

#."*+1($/3 =&* ,# 3(+-*"(1#1B -/$/ ,# 1*3+&1*:B +/ 3('+(>(-#+ +#1# ./" 3D$(3$#3F =&* ,# 1*3+&1*: A# +/ 3('+(>(-# ,(E*"%#1 1*, $(3$/ $/1/ =&* ,#

3(+-*"(1#1 %#$./-/ 3('+(>(-# <*"1#1B +( 3(=&(*"# 9/+*3%(1#16

Yq 2/34 56 78+-9*:



;# 9/+*3%(1#1 +/ *3%8 *+ *, -&*"./B .*"/ 3D *3 $&A 1(>D-(, 3*" 9/+*3%/ 3(+

&+ "*-/+/-($(*+%/ 1*, -&*"./ ."/.(/ A 1*, -&*"./ 1* ,/3 /%"/36 N#&, T#,t"A

+/3 .&*1* 3*"<(" .#"# (+%"/1&-(" &+ *?* 1* %"#+3>/"$#-(@+ *+ +&*3%"# -/$C."*+3(@+ 1*, -&*"./ %#+%/ *+ "*,#-(@+ #, '("/ .*">/"$#%(</ -/$/ *+ "*,#C

-(@+ # ,# #$.,(#-(@+ 1*, -/+-*.%/ 1* 1"#$#%&"'(#6

T#,4"A 9#E,# 1* %"*3 -&*"./3F

u r( W&*"./6 g#E,#$/3 1* *3%* -&*"./ # %*"-*"/3 -/$/ 3( 3* %"#%#3*

1* &+# -/3# =&* +/3 .*"%*+*-*J .*"/B .#"# +/3/%"/3B +/ *3 -/$.,*C

%#$*+%* &+# -/3#J A +/3 .*"%*+*-* &+ ./-/ $*+/3 1* ,/ =&* +/3/C

%"/3 ,* .*"%*+*-*$/3 # 4,666 def G3%# -/3# $(3$# *3 (+>/"$*F 1* *,,#

3@,/ -/+/-*$/3B ./" ,# <(3%#B #,'&+#3 .#"%*3 $@<(,*3 =&* .&*1*+

*+-/+%"#"3* *+ ,# "*'(@+ <(3(E,* 1*, *3.#-(/ 1* *3%* r(CW&*"./6 def

u i&*3%"/ 7*'&+1/ W&*"./ *3 *, =&* +/3 <*+ ,/3 1*$83 A *, =&* +/3

1*<&*,<*B $83 / $*+/3B *, *3.*?/ A ,/3 "*%"#%/36 G3 *, =&* %(*+* &+#

>/"$# A *, =&* -#.%#+ ,#3 #"%*3J #=&*, 3/E"* *, -&#, ,#3 %*,#3B ,/3

/"+#%/3B ,/3 "*<*3%($(*+%/3 3* #?&3%#+6 G3 *, =&* <* *, 5$/" / *, =&*

=&(*"* <*"B #+3(/3/ 1* %/-#",/6 U'+/"# *, 1/,/"B 1*, =&* #.*+#3 *0%*C

"(/"(:# &+ #1*$8+ defu R*"-*" W&*"./B =&* 3@,/ %(*+* &+(1#1 *+ +&*3%"/ .*+3#$(*+%/B

.&*3%/ =&* 3@,/ 3* ,* -/+/-* -&#+1/ 3* ,/ 1(<(1* A %"/-*#6 HG3 *,

-&*"./ 1* ,# #+#%/$D# / 1* ,# -(*+-(#I6 HT#,4"AB [\q\F k\\ChZZI6

G, 3*'&+1/ -&*"./ *3 *, -&*"./ 1*, E#,,*% A 1* ,# 1#+:# -/+%*$./"8+*#

*+%*+1(1# -/$/ ($#'*+6 G3 %#$E(4+ *, -&*"./ 1*, %*#%"/ 1"#$8%(-/B 1*,

%*#%"/ E"*-9%(#+/ / 1* ,#3 #--(/+*3 -/+-*.%&#,*36

G, ."($*" -&*"./ *3 *, -&*"./ 3*+%(1/B *, -&*"./ 1*, %*#%"/ A ,# 1#+:#*0."*3(/+(3%#3B 1*, %*#%"/ 1* ,# -"&*,1#1B 1* ,# 1#+:# $/1*"+#6

;# 1#+:# ./3$/1*"+# 3&.*".&3/ *+ 3& (+<*3%('#-(@+ *, ."($*" A 3*'&+1/

-&*"./6

M *, #"%* -/"./"#, *0.,/"@ *, %*"-*" -&*"./ *+ "*,#-(@+ -/+ *, ."($*"/ A -/+

*, 3*'&+1/6

`!@+1* 3* 3(%O# ,# EO3=&*1# 1* ,/3 -"*#1/"*3 -/+%*$./"8+*/3a `N/1*$/3.*+3#" =&* %(*+1*+ &%@.(-#$*+%* # ,# *0.,/"#-(@+ 1*, -&#"%/ -&*"./B 1*,

-&*"./ "*#,B ($#'(+#1/ ./" T#,t"Aa

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ Y\



G, W&#"%/ W&*"./B =&* .&*1/ ,,#$#" (+1(>*"*+%*$*+%* W&*"./ l*#, /

E(*+ W&*"./ U$#'(+#"(/6 K;,#$/ W&#"%/ W&*"./ #, (+-/'+/3-(E,* /E?*C

%/ -&A/ -/+/-($(*+%/ "*3/,<*"D# 1* &+ 3/,/ '/,.* %/1/3 *3%/3 ."/E,*C$#3B .&*3 *,,/3 ,/ ($.,(-#+L6 HT#,4"AB [\q\F hZ[I6

b&(:8 3*"D# 1*$#3(#1# #$E(-(@+ (+%*+%#" "*3/,<*" 1*31* ,# 1#+:# / ,# *3-*C

+# *, ."/E,*$# 1*, -&#"%/ -&*"./6 c %#, <*: +/6

;/ =&* 3D .#"*-* -(*"%/ *3 =&* +(+'&+/ 1* ,/3 %"*3 -&*"./3 #+%*"(/"*3 "*3C

./+1* ./" 3D 3/,/B +( 3(=&(*"# *+ 3& 3&.*"./3(-(@+ # .#"*3B # ,# *0.*"(*+-(#

-/+%*$./"8+*# 1*, -&*"./B -/$/ ,# -#3# 1* R/A/ U%/B #%"#<*3#1/ ./" &+#

$&,%(.,(-(1#1 1* -/+*0(/+*3 %"#+3<*"3#,*3 A %#$E(4+ -/+*0(/+*3 9#-(# *,

*0%*"(/"6

G+ -/+%"#3%* -/+ *, -&*"./C($#'*+B -/+ *, -&*"./C3*+%(1/ / -/+ *, -&*"./C

/"'8+(-/B *, -&*"./ -/+%*$./"8+*/ *3 &+ -&*"./ ,(+'sD3%(-/6 M *3%# *0.*C

"(*+-(# 1*, -&*"./ ,(+'sD3%(-/6 ;# "*>,*0(@+ 3/E"* *, -&*"./ ,(+'sD3%(-/B +/3

1*<&*,<* # ,# -&*3%(@+ -*+%"#, 1* +&*3%"/ 3*$(+#"(/B #, ."/E,*$# 1* ,# 1"#C

$#%&"'(# *+%*+1(1# *+ &+ 3*+%(1/ ."($#"(/ # .#"%(" 1* ,# "*,#-(@+ *+%"*

-&*"./ A *3-"(%&"#6 `;# (1*# 1* &+ -&*"./ ,(+'sD3%(-/ #+&,#"D# *, -/+>,(-%/%"#1(-(/+#, *+%"* -&*"./ A *3-"(%&"#B *, 1*3*+%*+1($(*+%/ # <*-*3 "#1(-#,

*+%"* #$E#3 1($*+3(/+*3 1* +&*3%"# (1*+%(1#1 A 1* +&*3%"# -/$&+(-#C

-(@+a ;# *0.*"(*+-(# +/3 1(-* =&* +/B =&* *, -/+>,(-%/ 3('&* *0(3%(*+1/6 R#,

<*: ./"=&* *3%#$/3 .,#+%*#+1/ $#, ,# -&*3%(@+B %#, <*: ./"=&* +/3

*$.*V#$/3 *+ =&* *, -/+>,(-%/ *0(3%#6

g#A &+# +/%#E,* 1(>*"*+-(# #, "*>*"(" # &+ -&*"./ ,(+'sD3%(-/B .&*3 *, ,*+C

'&#?* ($.,(-# +*-*3#"(#$*+%* -/,*-%(<(1#1 H/ $*?/" -/+*-%(<(1#1I6 M *,

-/+-*.%/ 1* -/,*-%(<(1#1 =&* 1*"(<# 1* *3%# (1*# 1* -&*"./ ,(+'sD3%(-/ *3

$&A 1(>*"*+%* # /%"#3 -/,*-%(<(:#-(/+*3 1*, -&*"./ ./" *>*-%/ 1* ,# "#:#B 1*

,# -/+3%(%&-(@+ / 1* ,# .#"%(-(.#-(@+ *+ *<*+%/3 -/"./"#,*3 '"&.#,*3 / $#3(C

</36 G3 1*-("B +/ %(*+* =&* <*" -/+ ,/ /"'8+(-/B +/ %(*+* =&* <*" -/+ ,/ >D3(C

-/B 3(+/ =&* %(*+* =&* <*" -/+ ,# (+-/"./"#-(@+ 1* &+ ,*+'&#?* =&* *3 ./"

1*>(+(-(@+ -/,*-%(</ A -/+*-%(</6

G3%/ ($.,(-# =&* +&*3%"# -/+3-(*+-(# 1*, -&*"./ 3* 9# $/1(>(-#1/B 3* 9#

#$.,(#1/ / (+-,&3/B ./1"D#$/3 1*-("B 3* 9# 1*3.,#:#1/6 5 1(>*"*+-(# 1* ,/=&* /-&""* -/+ ,# ($#'*+ 1*, -&*"./B +/ *3 +*-*3#"(/ 3#,(" 1*, -&*"./ .#"#

-/$."*+1*" / "*>,*0(/+#" 3/E"* +&*3%"# -/+1(-(@+ 1* #+($#,*3 ,(+'sD3%(C

kZ 2/34 56 78+-9*:



-/36 MB 3(+ *$E#"'/B *3# "*>,*0(@+ ($.,(-# &+# 1(3%#+-(# *+ ,# (+$#+*+-(#6

G3 ,/ =&* ./1*$/3 -/+3%#%#" -/$/ ,# *0.*"(*+-(# 1*, -&*"./ 1*3#.*'#1/

*+ -/+%"#%* -/+ *, -&*"./ 3*+%(1/ / -/+ *, -&*"./ ($#'*+ =&* %"#1(-(/+#,C$*+%* 9# >&+-(/+#1/ *+ ,# 1#+:# A ./" *0%*+3(@+ *+ ,# *3-*+#6

l*3&,%# $&A (+%*"*3#+%* *+ *3%* -/+%*0%/ #%*+1*" # ,#3 +&*<#3 ."8-%(-#3 1*

/"#,(1#1 *+ ,# *3-*+# -/+%*$./"8+*#B A $&A *3.*-(#,$*+%* *+ *, 8$E(%/ 1*

,# 1#+:#6 ;# -/$&+(-#-(@+ /"#, >&* *, .&+%/ 1* $*1(#-(@+ *+%"* -/"./"#,(C

1#1 A #E3%"#--(@+B *, .&+%/ $*1(/ .*"1(1/ *+ *, %"8+3(%/ 1*, 1(8,/'/ 3/-"8C

%(-/ #, .,#%@+(-/B .*"/ %#$E(4+ *3# *3>*"# #E#+1/+#1# *+ *, %"#+3(%/ # ,#

*3-"(%&"# =&* 3* ."/1&-* *+ -&#,=&(*" ."/-*3/ 1* #,>#E*%(:#-(@+6

!*, $(3$/ $/1/ =&* *, -&*"./ 9# (1/ 1*3-&E"(*+1/ 3&3 $*1(#-(/+*3 A 3*

9# 1*3#.*'#1/ 1* 3DB %#$E(4+ *, %"#%#$(*+%/ 1* ,# </: *+ *3-*+# 9# 3&>"(C

1/ &+ ."/-*3/ 3($(,#"6 G+ ,/3 *3.*-%8-&,/3 1* -/"*@'"#>/3 #-%&#,*3 "*-/C

+/-*$/3 &+# #%*+-(@+ # ,# /"#,(1#1B =&* 1*<&*,<* </: # ,# *3-*+#B .*"/ +/

*+ ,# >/"$# 1* &+# </: /"'8+(-#B 3(+/ *+ 1(>*"*+%*3 %"#%#$(*+%/3 1* &+#

</: $*1(#1#B 1* &+# /"#,(1#1 $*1(#1#6

W&#+1/ ,# </: 3* -/+<("%(@ *+ /E?*%/ 1* #%*+-(@+ # .#"%(" 1* ,/3 #V/3 3*%*+C

%#B %#+%/ *+ ,#3 ."8-%(-#3 *3-4+(-#3 -/$/ *+ ,# %*/"D# *3%4%(-# A $*1(8%(-#B

3* 3&E"#A#E# ,# $#%*"(#,(1#1 1* ,# </:B 3& ."**0(3%*+-(# # ,# .#,#E"#B 3&

#&%/+/$D# 1* ,# .#,#E"#6 7* (+3(3%D# *+ ,# 1(>*"*+-(# *+%"* </: A ,*+'&#?*6

G, 1*3-&E"($(*+%/ 1* ,# </: >&* .#"#,*,/ #, 1*, -&*"./B 1* #9D ,# ./3(E(,(1#1

1* *3.*-%8-&,/3 E#3#1/3 *+ ,# </: .*"/ ,(E*"#1/3 1* ,# .#,#E"#6 ;# "*>,*C

0(@+ 1* r(-9*, W9(/+ 3/E"* ,# </: *3 %/1#<D# 9*"*1*"# 1* *3* 1*3-&E"(C

$(*+%/B 1* ,# #3/-(#-(@+ 1* ,# </: # ,/ /"'8+(-/B # ,# $#1"*B 3& -#.#-(1#1*+</,<*+%*B (+$*1(#%#6 HW9(/+B [\qYI6

7(+ *$E#"'/B *, "*%/"+/ 1* ,# /"#,(1#1 +/ *3 %#+ ($./"%#+%* ./" *, 1*3-&C

E"($(*+%/ 1* ,/ /"'8+(-/B 3(+/ ./" ,# "*-&.*"#-(@+ 1* &+# >,&(1*: =&*

H"*1*>(+(*+1/ *, %4"$(+/ 1* R&"+*"I ./1"D#$/3 -/+3(1*"#" %#$E(4+ ,($(+#,6

G3%* -#$E(/ 1* /"(*+%#-(@+ ,/ ./1*$/3 *0.*"($*+%#" *+ ,# ,*-%&"# 1* ,/3

%*0%/3 1* 2/A-*B *+ -/+%"#3%* -/+ ,/3 %*0%/3 1* X*-n*%% A !&"#36 2/A-* 9#-*

$/+/,/'#" # r/,,A X,//$ *+ &+ (+%*+%/ 1* %"#3,#-(@+ 1("*-%# 1* ,/ /"#, #,/ *3-"(%/B .*"/ 3* 1*?# ,,*<#" ./" 3& .#3(@+ $#%*"(#,(3%#B $#%*"(#,(:#1/"#B

A 3& $/+@,/'/ 3('&* 3(*+1/ &+ *?*"-(-(/ *$(+*+%*$*+%* ,(%*"#"(/6

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ k[



5,'/ $&A 1(>*"*+%* /-&""* *+ ,# /E"# 1* X*-n*%% A !&"#36 ;# %*+3(@+

/?/C$#+/ #%"#<(*3# %/1# ,# /E"# 1* X*-n*%% A 3* -/+<(*"%* -#3( *+ %*$# 1*

3& -4,*E"* <!05J 3(+ *$E#"'/B *3 *+ ,# </: 1/+1* ,/3 1/3 ./,/3 1* %*+3(@+H*3-"(%&"#C,*-%&"# P -&*"./C,*+'&#?*I 3* *+-&*+%"#+ .#"# ."/1&-(" &+# "*<*C

,#-(@+ %#+ *>D$*"# -/$/ &+# *0-,#$#-(@+ H78+-9*:B YZZ_F[_[CYZkI6 !&"#3

"*-&""* # ,# </: .#"# *3-"(E(" 3&3 +/<*,#3 1* ,# $("#1#6 M *3%* *?*"-(-(/ 3*

%"#3,#1# E"(,,#+%*$*+%* # 3&3 .*,D-&,#3B *+ ,#3 =&* ,# 1(3/-(#-(@+ 1* ($8'*C

+*3 -/"./"#,*3 A </-*3 -"*#+ .#(3#?*3 1"#$8%(-/3 1*3-/+-*"%#+%*3F # ,/3

-&*"./3 -/+<*"%(1/3 *+ >#+%#3$#B -/""*3./+1*+ /"#,(1#1*3 -/+'*,#1#3B /

$83 E(*+ 3&3.*+1(1#3B =&* .*"$#+*-*+ *+ *, *3.#-(/6

U<#+# rs,,*" "*%/$@ #,'&+#3 1* *3%#3 *3%"#%*'(#3 1* "*."*3*+%#-(@+ *+ 3&3

.(*:#3 -/"*/'"8>(-#3 "*-(*+%*3F =:!0$ >$ (+$ :10/!"8 !. .18$.:$+ HYZZpI /

?0(;!"8 2"-$5@0$ (8(!" ("/ (8(!" HYZZ\I6 G, $/<($(*+%/ *3 3&3%(%&(1/ ./"

,#3 .#,#E"#3 *+ $/<($(*+%/6 ;#3 .#,#E"#3 -"*#+ ,#3 ($8'*+*36 G, O+(-/

$/<($(*+%/ 1* ,/3 #-%/"*3 *3 *, 1* 3& </:6 N*"/ *+ &+ 1*%*"$(+#1/

$/$*+%/ ,#3 </-*3 3* 1*3.,#:#+ # /%"/3 -&*"./3B ,# /"#,(1#1 A# +/ *3 ,#

1($*+3(@+ =&* $*1(# *+%"* -&*"./ A .#,#E"#B / 3( ,/ *3B .&*1* /-&""(" *+

#&3*+-(# / $83 E(*+ *+ 1*3#.*'/ 1* ,/ /"'8+(-/6

G3%# (1*# 1*, 1*3#.*'/B 1*, -&*"./ 1*3#.*'#1/B =&* "*+&+-(# #, $/<($(*+C

%/ -/"*/'"8>(-/ *+ E*+*>(-(/ 1* ,# .#,#E"#B .*"/ =&* ."/./+* &+# .#,#E"#

('&#,$*+%* 1*3#.*'#1#B 3* *+-&*+%"# ('&#,$*+%* *+ *, %"#E#?/ 1* 2&#+

!/$D+'&*:6 5+1"4 ;*.*-n( #+#,(:@ 91/1- 01- @A$"1- $-*B(- .!$"$" 5! $/(/

HYZZYI "*-&.*"#+1/ #,'&+/3 %*0%/3 1*, 36 STU A STUU >&+1#-(/+#,*3 1* ,#

-/"*/'"#>D# *+%*+1(1# -/$/ *3-"(%&"#6 G3%# .(*:# 3&./+1"D# *+ -(*"%/ $/1/

&+ "*%/"+/ #, /"('*+B &+# *3.*-(* 1* ($.,/3(@+ 1* ,# -/"*/'"#>D# =&* +/3

3(%&#"D# *+ /%"/ &$E"#,B *+ %"/ ,($*+ H;*.*-n(B YZZpF ]]C]\ A p_C_kI6

;# -&*3%(@+B $&A 3($.,(>(-#1#$*+%*B 3*"D#F `-@$/ .*+3#" ,# -/"*/'"#>D#

1*31* ,# /"#,(1#1 A +/ 1*31* ,# *3-"(%&"# / 1*31* *, -@1('/ *3-"(%/a `W@$/

*3 *+%/+-*3 *3# 1"#$#%&"'(# 1* ,# 1#+:# A# +/ -/+1(-(/+#1# (+$*1(#%#C

$*+%* ./" ,# ($#'*+ 1*, -&*"./B ./" *, %(*$./ 1* ,# $O3(-#B +( ./" *, -@1(C

'/ *3-"(%/B 3(+/ *0-,&3(<#$*+%* ./" &+ -&*"./ ,(+'sD3%(-/ =&* *3 %#$E(4+

</: ,(+'sD3%(-# H-/,*-%(<# u -/+*-%(<#I A =&* %(*+* ,# -#.#-(1#1 1* 1*3#.*C

'#"3* 1* 3D $(3$/ %#+%/ -/$/ 1* 3& ."/.(# </:a

G3%# -&*3%(@+ 1*, 1*3#.*'/ +/ 3@,/ ./1*$/3 1*%*-%#",# *+ ,# 1#+:#B %#$C

E(4+ #>*-%# H/ 1*3#>*-%#I # ,/3 -"*#1/"*3 *3-4+(-/3 ."/-*1*+%*3 1*, %*#%"/6

kY 2/34 56 78+-9*:



!*31* *3%* ,&'#" ./1"D#$/3 -/+3(1*"#"B ./" *?*$.,/B *, O,%($/ %"#E#?/ 1*

m/"-*1 G+%*"%#(+$*+% C1!/ D.1+; HYZZ\I6 ;/3 #-%/"*3B -/$/ 2&#+ !/$D+C

'&*:B .*"$#+*+%*$*+%* 3*+%#1/3 %"#3 &+# $*3#B -/$/ ,/3 1* U<#+# rs,,*"B(+$@<(,*3 *+ &+ .&+%/ 1*, *3-*+#"(/B ./+*+ </: # &+# 9(3%/"(# 1*3-#E*,,#C

1# =&* *+ ($8'*+*3 3* $&*3%"# *+ &+# *3.*-(* 1* >/%/+/<*,# 1(E&?#1#

3/E"* ,# .#+%#,,# *+ -/+3%#+%* %"#+3>/"$#-(@+6

l*,#%/3

;# -/+3(1*"#-(@+ 1* *3%# .(*:# +/3 *+>"*+%# #1*$83 # ,# -&*3%(@+ 1* ,#

+#""#-(@+ / 1*, "*,#%/6 G>*-%(<#$*+%*B C1!/ -.1+; B -/$/ 3& %D%&,/ (+1(-#B +/3

-&*+%# &+# 9(3%/"(#B &+# 9(3%/"(# 1* &+# .#"*?# =&* 3* <* (+$*"3# *+ %/1/

%(./ 1* #<*+%&"#3 A 1* 1*3<*+%&"#3 *+ ,# +/-9* &"E#+#B &+# +#""#-(@+ #-&C

$&,#%(<#B &+# #-&$&,#-(@+ 1* 1*3'"#-(#3B #$*+#:#3B $/+3%"&/3(1#1*3B

=&* 9#-*+ "*-/"1#" ,# +#""#%(<# ."*C$/1*"+# 1*, r#"=&43 1* 7#1*6 N*"/ 3*

%"#%# 1* &+# 9(3%/"(# K<#-D#L6 M =&(*+ ."*%*+1# *+-/+%"#" *, 3*+%(1/ # ,#

.(*:# "*3&$(*+1/ ,# 9(3%/"(# *3%8 #E/-#1/ # ,# >"&3%"#-(@+6 N/"=&* *, 3*+C

%(1/ +/ #.#"*-* #, -/+%#" ,# 9(3%/"(#6 G+%/+-*3 `-&8, *3 ,# >&+-(@+ 1*, "*,#C

%/a M #, $(3$/ %(*$./B `./" =&4 *3%* "*%/"+/ # "*,#%/3 K<#-D/3La

R/1#3 ,#3 </-*3 # ,#3 =&* #,&1D# #+%*"(/"$*+%* +/3 -&*+%#+ 9(3%/"(#36 5,'&C

+#3 3/+ "*#,*3 A /%"#3 ($#'(+#1#36 R#$E(4+ 9#A 9(3%/"(#3 1* ,# ($#'(+#-(@+

H,# 9(3%/"(# 1*, ."/.(/ ."/-*3/ #"%D3%(-/ *+ ,# .(*:# 1* 2&#+ !/$D+'&*:I6 G

9(3%/"(#3 ($#'(+#1#3 =&* +/3 9#E,#+ 1* *0.*"(*+-(#3 "*#,*3 H-/$/ /-&""*

*+ ,# .(*:# 1* R($ G%-9*,,3I6

7(*$."* *0(3%(@ ,# +*-*3(1#1 1* -/+%#" 9(3%/"(#3B A 9/A *3# +*-*3(1#1 .#"*C

-* ($./+*"3* -/+ $83 &"'*+-(#6 N/" 3&.&*3%/B *3%/3 "*,#%/3 +/ %(*+*+ ,#

$(3$# *3%"&-%&"# +( ,#3 $(3$#3 ."*%*+3(/+*3 =&* ,/3 <(*?/3 "*,#%/36 ;#

-/+3%"&--(@+ 1* ,/3 "*,#%/3 +/ 3* <* #+($#1# ./" &+# </,&+%#1 $($4%(-#B

+( $&-9/ $*+/3 $D%(-#6 N*"/ 3D ./" &+# (+%*+-(/+#,(1#1 (1*+%(%#"(#B =&* 3*

#V#1* # ,# .&"# #-%(<(1#1 .*">/"$#%(<# 1* =&(*+ 3* ./+* 1*,#+%* 1* /%"/3

# -/+%#" &+# 9(3%/"(# / -(*+ 9(3%/"(#3 *+%"*,#:#1#36

Q+ "*,#%/ *3 #=&*, 1*3#""/,,/ >(--(/+#, =&* 1/%# 1* 3*+%(1/ # &+# #-&$&,#C

-(@+ 1* 9*-9/3 $#%*"(#,*3 / -/+-"*%/36 R"#1(-(/+#,$*+%* (+<*+%#$/3 >8E&C,#3 .#"# *+-/+%"#" &+ 3*+%(1/ *+ ,# *0.*"(*+-(# <(<(1# -/$/ -#@%(-# / (+-/C

+*0#6 G, 3*" 9&$#+/ 9# &3#1/ *, "*,#%/ .#"# 3&.*"#" *, +(<*, 1* ,# $#%*"(#C

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ kk



,(1#1 / E(*+ .#"# +/ "*+1("3* #E"&$#1/ ./" 3& #E3&"1/ / 3& 3(,*+-(/6 R($

G%-9*,,3 *+ C1!/ D.1+; / W&=&( 2*"*: *+ 9:$ %+1EA!- +$01(/$/ (+<(*"%*+ *3%#

>&+-(@+ 1*, "*,#%/B A $83 E(*+ $&*3%"#+ *, #E3&"1/ 1*, "*,#%/ #, *+>#%(:#",# 3&-*3(@+ 1(3.#"#%#1# / ,# 3&.*"3./3(-(@+ -#3&#,6

G+ 3& %*0%/ -,83(-/ 3/E"* ,# -&*3%(@+ 1*, "*,#%/B 9$5*- $. +3%!. HR(*$./ A

+#""#-(@+IB N#&, l(-/*&" 3/3%*+D# =&* *, "*,#%/ *3 ,/ =&* 9#-* 9&$#+/ *,

%(*$./6 N*"/ `=&4 3('+(>(-# K9#-*" 9&$#+/ *, %(*$./L 3( +/ -#"'#" 1* >(-C

-(@+ A 1* 5;.:1- *, 3&-*1*"3* (""*<*"3(E,* 1* ,/3 (+3%#+%*3a G, "*,#%/ *3 ,#

9*""#$(*+%# =&* .*"$(%* 1(3%(+'&("+/3 -/$/ 3&?*%/3 1* <(1#6 N*"/ #,

$(3$/ %(*$./ +/3 -/+<(*"%* *+ .*"3/+#?*3 1* &+# >(--(@+ =&* #-*.%#$/3

/ =&* (+-,&3/ +/3/%"/3 $(3$/3 -/+3%"&($/36 ;# #3&+-(@+ 1* ,# >(--(@+

(+9*"*+%* # %/1# %"#$#B # %/1/ ."/-*3/ 1* >#E&,#"B 1* -/+3%"&(" %"#$#3 /

#"'&$*+%/3B (+-,&3/ .#"# -/+%#" &+# 9(3%/"(# *>*-%(<#B +/3 ($.*1("8 .#"#

3(*$."* -/+/-*" &+# "*#,(1#1 +*&%"#6 U+-,&3/ ,# "*#,(1#1 =&* +/3/%"/3

3/$/3 3( #,'&(*+ 1*31* >&*"# +/3 <(*"#6

N#"#1@?(-#$*+%*B *3%# #-%(<(1#1 >#E&,#1/"# 9# 3(1/ &3#1# +/ 3@,/ .#"# 1#"

3*+%(1/ # ,#3 %"#A*-%/"(#3 (+1(<(1&#,*3B # ,#3 %"#A*-%/"(#3 E(/'"8>(-#3 / #

*0.*"(*+-(#3 .&+%&#,*3 1* +&*3%"# <(1#6 g# 3(1/ &3#1# ."(/"(%#"(#$*+%*.#"# 1/%#" 1* 3*+%(1/ # ,# "*#,(1#1 -/,*-%(<#B A *3.*-(#,$*+%* .#"# 1/%#" 1*

3*+%(1/ &+# "*#,(1#1 9(3%@"(-# =&* -/+3%"&A* A ?&3%(>(-# &+# 1*%*"$(+#1#

"*#,(1#1 3/-(#,6

;# 3&."*3(@+ 1* ,# >&+1#$*+%#-(@+ %"#3-*+1*+%* 1* ,# "*#,(1#1 *+ ,# 4./-#

$/1*"+# #-*+%&@ *, ."/%#'/+(3$/ 1* ,/3 "*,#%/3 -/$/ -/+3%"&-%/"*3 +/ 3@,/

1* (1*+%(1#1B 3(+/ %#$E(4+ 1* "*#,(1#16 59/"# E(*+B -/+3%"&(" +/ *3 3($.,*C

$*+%* &+(" *,*$*+%/3B *3 %#$E(4+ 1*3-#"%#" *,*$*+%/3B %/1# -/+3%"&--(@+

($.,(-# &+ ."/-*3/ 1* 3*,*--(@+B 1* /"1*+#-(@+ A 1* 1*3-#"%*6 N/" ,/ =&* *+

,# -/+3%"&--(@+ 1* ,# "*#,(1#1 -/$&+(%#"(#B 1* ,# "*#,(1#1 ,,#$#1# -(&1#1 /

1* ,# "*#,(1#1 ,,#$#1# G3%#1/B +&$*"/3/3 *,*$*+%/3 3/+ 1*3-#"%#1/3B $#"C

'(+#1/3B 3(,*+-(#1/36 N&*3 3( %/1/3 ,/3 *,*$*+%/3 >&*"#+ %*+(1/3 *+ -&*+%#

3*"D# ($./3(E,* &+ "*,#%/ -/9*"*+%*B &+ "*,#%/ ,*'(E,*6

!* #9D #""#+-@ ,# -"D%(-# ./3$/1*"+# #, "*,#%/ A ,# #.&*3%# ./" ,/3 $(-"/C

""*,#%/3 *+ *, .*+3#$(*+%/ 1* ;A/%#"16 7(+ *$E#"'/B ,# -"D%(-# ./3$/1*"+#

#, "*,#%/ ,/ *3 3/E"* %/1/ #, "*,#%/ -(*+%D>(-/ A #, "*,#%/ ./,D%(-/B 3@,/ 3*-&+C1#"(#$*+%* #, "*,#%/ ,(%*"#"(/6 !* 9*-9/B ,# /.-(@+ ./" *, $(-"/""*,#%/ +/

9#-* $83 =&* "*C1*+/$(+#" A 9#-*" <(3(E,* &+# %*+3(@+ =&* 3(*$."* 9#

kh 2/34 56 78+-9*:



*3%#1/ ."*3*+%* *+ ,# -&,%&"# 1* ,/3 O,%($/3 3(',/36 M *3 =&* ,# $/1*"+(1#1

-/+3%"&A@ *, "*,#%/ 1* ,# "#:@+B 1*, ."/'"*3/B 1* ,# ,(E*"%#1 A 1* ,# 3/,(1#C

"(1#1 #, $(3$/ %(*$./ =&* -/+3%"&D# 3& #+%(""*,#%/6 N/1*$/3 -/+%*$.,#",# 9(3%/"(# 1* ,# ,(%*"#%&"# /--(1*+%#, $/1*"+# -/$/ &+# .*"$#+*+%* -/+3C

%"&--(@+ A 1*3%"&--(@+ 1*, "*,#%/6 !* 9*-9/B ,/3 '"#+1*3 $/+&$*+%/3 1* ,#

$/1*"+(1#1 ,(%*"#"(# 3/+ "*,#%/3 #&%/1*3%"&-%(</3F 20 F(+/B" /$ 01- %$+$G1- B

1* W94?/8E&,# #.#"*-* -/+%"#""*3%#1# ./"

&+# "*3(3%*+-(# $*%#,(%*"#"(#B 1* -#"8-%*" (1*/,@'(-/B =&* 1(3&*,<* 3&3 *,*C

$*+%/3 -/+3%(%&%(</3 .#"# "*1&-(",/3 # .#,#E"#3B # "(%$/3B # ($8'*+*3 / #

-/+-*.%/36 cE<(#$*+%*B ,# $/1*"+(1#1 ."/1&?/ '"#+1*3 >8E&,#3B .*"/ 3*

%"#%# 1* >8E&,#3 -!" *+1;$%.1 F .*+3*$/3 *+ ,#3 >8E&,#3 #+%('&#3 1* v#>n#B

*+ ,#3 >8E&,#3 (,&3%"#1#3 1* U%#,/ W#,<(+/B / *+ ,#3 >8E&,#3 #$#"'#3 1* W/*%C

:**6 W&#+1/ ,#3 >8E&,#3 3* ."/./+*+ -/+ ."*%*+3(@+ 1* ."/A*-%/B "*3&,%#+

-#3( (+%/,*"#E,*3F *3 ,/ =&* /-&""* -/+ *, %*#%"/ 1* X*"%/,% X"*-9%J ."/E#C

E,*$*+%* *, -"*#1/" *3-4+(-/ $83 ($./"%#+%* 1* ,# ."($*"# $(%#1 1*, <*(+C

%*B .*"/ %#$E(4+ *, #&%/" 1*, $83 (+3/./"%#E,* 1(1#-%(3$/6

X"*-9% 9# 3(1/ &%(,(:#1/ &+# A /%"# <*: .#"# "*(<(+1(-#" *, "*#,(3$/ A ,#

-#&3# 3/-(#, *+ "*#--(@+ #, +#"-(3(3$/ A *, 3/,(.3(3$/ 1*"(<#1/ 1* &+# "#1(C

-#,(:#-(@+ #+%(3/-(#, 1* ,# ."8-%(-# 1*, $(-"/""*,#%/6 7(+ *$E#"'/B X"*-9%

>&* -/+3-(*+%* *+ 3& >#3* $83 ,O-(1# 1* =&* *, "*,#%/ ./" 3D $(3$/ +/ -/+3C

%"&A* ,# "*#,(1#1B =&* ,# "*#,(1#1 3* -/+3%"&A* 3/E"* *, #-&*"1/6

G, #-&*"1/ *>*-%(<#$*+%* *3 *, /%"/ $*1(/ 1* -/+3%"&--(@+ 1* "*#,(1#1B

('&#,$*+%* #-*+%&#1/ *+ ,# 4./-# $/1*"+#6 G, #-&*"1/ *+ ,# >/"$# 1*,

-/+%"#%/ 3/-(#,B / *, #-&*"1/ *+ ,# >/"$# +*'#%(<# 1* ,# %/,*"#+-(# A 1*, "*3C

.*%/ #, /%"/6 R"#1(-(/+#,$*+%*B *, "*,#%/ 9# 3*"<(1/ .#"# -/+3%"&(" ,# "*#,(C

1#1 (1*/,@'(-#6 G, #-&*"1/ 9# 3*"<(1/ .#"# -/+3%"&(" &+# "*#,(1#1 ."#'$8C

%(-#6 5$E#3 -#%*'/"D#3 *3%8+ $&A ."*3*+%*3 *+ ,# ."8-%(-# *3-4+(-#6 59/"#

E(*+B ̀ =&4 %"#+3>/"$#-(/+*3 "*3&,%#+ 1*, "*-/+/-($(*+%/ 1* ,# >(--(@+ (+9*C

"*+%* #, "*,#%/ *+ ,# -/+3%"&--(@+ 1* ,# "*#,(1#1 A #, $(3$/ %(*$./ 1* ,#

-/+1(-(@+ ."/<(3(/+#,B (+*3%#E,* A +/ >&+1#$*+%#1# 1* $#+*"# %"#3-*+C

1*+%* 1* -&#,=&(*" #-&*"1/ *+%"* 3*"*3 9&$#+/3a

;# %*+3(@+ *+%"* *3%/3 1/3 *,*$*+%/3 1* -/+3%"&--(@+ 1* "*#,(1#1 +/3 3(%O#

-#3( *+ &+ *=&(,(E"(/ -("-&,#"F *, "*,#%/ -"*# &+# (1*+%(1#1 =&* 9#-* ./3(E,*

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ k]



*, *+-&*+%"/ 1*, =&* 1*"(<# &+ ./%*+-(#, #-&*"C

1/B A *, #-&*"1/ *3 ,# -/+1(-(@+ .#"# ,# -/+3C

%"&--(@+ 1* &+ "*,#%/6 l*,#%/ A #-&*"1/ 3* #,%*"C+#+B 3* 3&$#+ A 3* -/+1(-(/+#+ *+ ,# ."/1&-C

-(@+ 1* "*#,(1#1 A *+ ,# ."/1&--(@+ 1* >(--(@+

%#+%/ *+ ,# 3/-(*1#1 -/$/ *+ ,# -&,%&"# -/+C

%*$./"8+*#6

;/3 %*0%/3 1* r#"(/ X*,,#%(+ -/+3%(%&A*+ *+ 3D

$(3$/3 A# &+# "*3.&*3%#6 c%"/ %(./ 1* "*3C

.&*3%# *3 *, =&* #./"%#+ #,'&+#3 *0.*"(*+-(#3

"*-(*+%*3 1* *3-"(%&"# -/,*-%(<#B =&* 9#+ .&*3%/

*+ *<(1*+-(#B 1* &+ $/1/ -#3( ($.,/3(</B *3#

-("-&,#"(1#1 1* ,# "*,#-(@+ *+%"* "*,#%/ A #-&*"C

1/6 ;# $83 -/+/-(1# *3 ,# (+(-(#1# ./" &+ '"&./

1* K#"%(3%#3B #-%(<(3%#3 A E"/$(3%#3L =&* 3*

#&%/1*+/$(+#"/+ ;&%9*" X,(33*%B '*"$*+ 1* ,/

=&* 3*"D# # .#"%(" 1* YZZZ w& r(+'B &+ #&%/"

-/,*-%(</ / 1(3.*"3/ A #1*$83 $O,%(.,*B =&* 9#

."/1&-(1/ 1*31* *+%/+-*3 +&$*"/3#3 /E"#3+#""#%(<#3B 1* ,(E"* #--*3/ *+ ,# "*1B .*"/ %#$C

E(4+ %"#1&-(1#3 A .&E,(-#1#3 *+ .#.*, *+ 1(<*"C

3/3 (1(/$#3B (+-,&(1/ *, -#3%*,,#+/6

;# 3#,(1# # ,# .#"8,(3(3 1*, "*,#%/ *+ ,/3 %(*$./3

./3$/1*"+/3 <&*,<* 1* ,# $#+/ 1* &+ #-%(<(3C

$/ -&,%&"#, =&* 3(%O# ."*-(3#$*+%* *+ *, -/+%#"

9(3%/"(#3 &+ $/1/ 1* "*3(3%*+-(# -/+%"# ,#

($./3(-(@+ 1* $(%/,/'D#3 >#E"(-#1#3 *+ ,#3

(+1&3%"(#3 9*'*$@+(-#36 G+ 3& "*>,*0(@+ 3/E"*

*, ."/A*-%/ 1*, '"&./B l*(+#,1/ ;#1#''# ."/./C

+*F

D$ .+(.( /$ -$8A!+ %1".("/1 :!-.1+!(-J -$

.+(.( /$ !5*$/!+ EA$ 0(- :!-.1+!(- %1".(,

/(- -$ *+$-$".$" %151 41+5(- .$+5!"(,

0$-K D$ .+(.( /$ %15*1"$+ +$/$- /$ :!-.1, +!(- EA$L -!" $5@(+81L -$ *+$-$".$" %151

M0B"$(-N 1 M:A$00(-N O0( $P*+$-!&" $- /$

kp 2/34 56 78+-9*:

X(E,(/'"#>D#

W9(/+B r(-9*, H[\qYIF'( #1G $" $0 %!"$ H'( #1!P (A %!"$5( IB W8%*C1"#B r#1"(1B YZZh6

m(3-9*"C;(-9%*B G"(n#FQ-.:$.!R /$- *$+41+5.!, #$"B 7&9"n#$.B m"#+nC>&"% 5r r#(+B YZZh6

^/>>$#+B G"<(+'H[\]\IF '( *+$-$".(%!&"

/$ 0( *$+-1"( $" 0( #!/( %1.!/!("( H9:$?+$-$".(.!1" 14 D$04 !"2#$+;/(; '!4$SL 5$/C""/"%&B X&*+/3 5("*3BYZZp6

U%/B R/A/F 2-%+!.1- B5"=&(%*-%&"#B W/,*'(/1* 5"=&(%*-%/3B r&"-(#BYZZZ6

;#11#'#B l*(+#,1/F2-.3.!%( /$ 0( $5$+8$", %!( B 51"(#+# g(1#,'/BX&*+/3 5("*3B YZZp6

;*.*-n(B 5+1"4 HYZZpIFT81.(+ 0( /("G(K M?$+, 41+5("%$N ; *10B.!%( /$0 51#!5!$".1 O2P:(A-.!"8 /("%$K ?$+, 41+5("%$ ("/ .:$ ?10!, .!%- 14 U1#$5$".SLW&*"./ 1* ;*%"#B X#"-*C,/+#C5 W/"&V#Cr#1"(1BYZZ\6

78+-9*:B 2/34 5FKG3-"(E(" -/$/ $("#"6U$#'*+ *3-4+(-# A#--(@+ -(+*$#%/'"8>(-#*+ ,# /E"# 1* 7#$&*,X*-n*%%LB *+ 2&,(8+2($4+*: g*>>*"$#+

H*16IB D(5A$0 V$%R$..J $0 $%1 /$ -A- *(-1- B WD"-&C,/ 1* X*,,#3 5"%*3Br#1"(1B YZZ_6



V+A%$ W:(.>!"SK D$ .+(.( /$ %1".(+ :!-.1,

+!(- EA$ *A$/(" 5(".$"$+ ( 0( %15A"!,

/(/ $" 51#!5!$".1 ; EA$ "1 (%(@$" /$/$-*+$"/$+-$ /$ $00( O'(//(8(L XYYZJ

X6[SK

G+ *, 8$E(%/ -(+*$#%/'"8>(-/ *3%# "*-&.*"#-(@+

1* ,#3 9(3%/"(#3 3* 9#-* *<(1*+%* *+ .*,D-&,#3

-/$/ '( %15A"( H[\\\IB 1* w#%n(+3B U1"1-

%151 V$%R; H[\\\I 2/"1x / U!-.$+!1A- 1@F$%. (.

"11" HYZZZIB 1* 5.(-9#%./+' w**"#3*%#n&,6 i/

./" -#."(-9/B *+ ,#3 %"*3B *, %*#%"/ *3 &%(,(:#1/

-/$/ $*-#+(3$/ .#"# ."/1&-(" -/$&+(1#1 A

.#"# ."/1&-(" +#""#%(<(1#16

G+ *, 8$E(%/ *3-4+(-/B ,# %*+3(@+ *+%"* "*,#%/ A

#-&*"1/ ./1"D# *+-/+%"#" 3& *=&(<#,*+%* *+ ,#

%*+3(@+ *+%"* #--(@+ A 3(%&#-(@+6 N/1"D#$/3

*3-"(E(" A"( :!-.1+!( 1* ,#3 ."8-%(-#3 .*">/"$#C

%(<#3 -/+%*$./"8+*#3 1*31* ,/3 #V/3 3*3*+%# #.#"%(" 1* *3%# %*+3(@+ *+%"* #--(@+ A 3(%&#-(@+6

M ./1"D#$/3 %#$E(4+ -/+-*E(" ,# #-%(<(1#1 1"#C

$#%O"'(-# -/$/ &+# $*1(#-(@+ *+%"* *,,#3B &+#

"**1(-(@+ 1* *3# %*+3(@+ *+%"* -&*"./ A *3-"(%&C

"#B *+%"* ($.&,3/ A -@1('/B =&* $#"-@ ,# #-%(<(C

1#1 1*, 1"#$#%&"'/ *+ ,# #+%('s*1#1 -,83(-#6

G3%* 3*"D# &+ +&*</ $/1/ 1* #E/"1#" ,# -&*3C

%(@+ 1"#$#%O"'(-#6

MB -,#"/ *3%8B *3%# "*>,*0(@+ +/3 *+>"*+%# ('&#,C

$*+%* # ,# "*,#-(@+ *+%"* #$E#3 *3>*"#3F #--(@+C

"*,#%/ P 3(%&#-(@+C#-&*"1/B %#+%/ *+ *, .,#+/

*3%4%(-/ -/$/ *+ *, .,#+/ 3/-(#, A ./,D%(-/6

`W&8,*3 3/+ ,#3 1(+8$(-#3 =&* 3* ./+*+ *+

$#"-9# 3( .*+3#$/3 ,# #-%(<(1#1 1"#$#%O"'(-#

+/ *+ *, *3.#-(/ 1* ,# >(--(@+ -*""#1#B 3(+/ *+ *,

*3.#-(/ 1* ,# >(--(@+ #E(*"%#B *3 1*-("B *+ *,*3.#-(/ 1* ,/ 3/-(#, / *+ ,/ =&* *+ *, %D%&,/ 1*

*3%* #"%D-&,/ 3* 1*+/$(+# K-#$./ *0.#+1(1/La

!"#$#%&"'(# *+ *, -#$./ *0.#+1(1/ k_

7-/%%B 2#$*3 H[\\ZIF'1- /15!"(/1- ; $0

(+.$ /$ 0( +$-!-.$"%!( O\15!"(.!1" ("/ .:$T+.- 14 I$-!-.("%$SL G"#Br40(-/B YZZZ6

R&"+*"B TD-%/"F 9:$T".:+1*1018; 14 ?$+, 41+5("%$L N52B i*yM/"nB [\q_6

T#,4"AB N#&, H[\q\IF

Kl*>,*0(/+*3 3($.,*33/E"* *, -&*"./LB *+r(-9*, m*9*"B <+(85$", .1- *(+( A"( ]!-.1+!( /$0 %A$+*1 :A5("1 OMD!5*0$ I$40$%.!1"- 1".:$ @1/;NK <+(85$".- 41+ ( ]!-.1+; 14 .:$]A5(" V1/;S B R#&"&3Br#1"(1B [\\[B UU6

T("+/B N#/,/F C!+.A1-!-, 51 ; +$#10A%!&"K '( (%%!&" *10B.!%( $" 0( $+( /$0 /$-$"%(".1 BR"#>(-#+%*3 1* 7&*V/3Br#1"(1B YZZk6zWA("/1 $0 #$+@1 -$:(%$ %(+"$K '$"8A(F$ ; "(.A+(0$G( :A5("( !R"#>(-#+%*3 1* 3&*V/3B

r#1"(1B YZZ]6





!"#$#%&"'( *+ #+,-.#+/,/ 0*,1/

2345 67 89+:;,<

=;, >#1*/*%( 30 %;, .,"03"$*+' #"%4 #4 # $,/*&$ *4 ",1#%,/ %3 %;,*" ",4*4%?

#+:, %3 @, 0*-,/7 A3+%"#"( %3 B;#% 3::&"4 B*%; 1*%,"#%&", #+/ :*+,$#C .,"?

03"$#+:, ."#:%*:,4 :#++3% @, :3+>,"%,/ *+%3 :134,/ %,-%47 D,+:, %;,

*$.344*@*1*%( 30 /3:&$,+%*+' %;,$7 D,+:, %;, 0"&4%"#%*3+ 30 4,$*3%*:4 *+

*%4 #.."3-*$#%*3+ %3 %;, .,"03"$#+:, B3"1/7 D,+:, %33 %;, *+%,",4% *+ %;,*"

4%&/( #4 #+ #.."3#:; %3 +,B .;,+3$,+# *+ :3$$&+*:#%*3+4 #+/ :",#%*3+

/,"*>,/ 0"3$ %;, +,%B3"E #+/ *$.1,$,+%#%*3+ 30 /*'*%#1 %,:;+313'( *+ #+#"%*4%*: ,+>*"3+$,+%7

F;,+ 4.,#E*+' #@3&% /"#$#%&"'( #+/ +3% #@3&% %,-%C B, %;*+E 30 #+

*+%,"$,/*#%, 4.#:, @,%B,,+ %;, %;",, 0#:%3"4 %;#% $#E, &. %;, %;,#%"*:#1

.;,+3$,+3+G %;,#%",C #:%*+' #+/ /"#$#7 =;,#%", *4 %;, .1#:, 30 %;, 4.,:?

%#%3" H43:*#1 3" .,"03"$#+:, 4.#:,IJ .,"03"$#+:, HK#:%&#:*L+MIC %;, .1#:,

30 %;, #:%3"4 H,-.",44*>, 3" /(+#$*4#%*3+ 4.#:,IJ /"#$# *4 %;, .1#:, 30

#:%*3+C B;,%;," :3/*0*#@1, 3" +3% *+ # %,-% H03"$#1 3" :3+4%"&:%*3+ 4.#:,I7

6+/ B, :#+ %;,+ /*4:3>," ;3B *+ /*00,",+% ,.3:;4 #+/ :3+%,-%4C 0"3$ ,#:;

3+, 30 %;,4, .1#:,4C %;, 3%;," %B3 ;#>, @,,+ 4&@$*%%,/ %3 :"*%*:*4$ #+/

%"#+403"$#%*3+7 6+/ B, :#+ #143 &+/,"4%#+/ %;#% /"#$#%&"'( *4 # .1#:,

43$,B;,", *+ %;, $*//1, 30 %;,4, %;",, .1#:,4 #+/ %;,",03", #% %;, 4#$,

%*$, +3B;,",7 N% *4 # 4.#:, 30 $,/*#%*3+7

=;*4 *4 /"#$#%&"'(G #+ *+%,""3'#%*3+ 3+ %;, ",1#%*3+4;*. @,%B,,+ %;, %;,?

#%", H%;, 4.,:%#:1,O%;, .&@1*:IC %;, .,"03"$#+:, HB;*:; *$.1*,4 #:%3" #+/

4.,:%#%3" #4 *+/*>*/&#14I #+/ %;, /"#$# H%;#% *4C %;, #:%*3+ B;*:; %;, /*4?:3&"4, :3+4%"&:%4I7 6+ *+%,""3'#%*3+ %;#% ",431>,4 *%4,10 $3$,+%#"*1( *+ #+

,.;,$,"#1 :3$.34*%*3+ %;#% :#++3% @, 0*-,/ *+ # %,-%J /"#$#%&"'( *4



@,(3+/ 3" ."*3" %3 %;, %,-%J *% ",431>,4 *%4,10 #1B#(4 *+ %;, &+4%#@1,

,+:3&+%," 30 %;, ,1,$,+%4 %;#% $#E, &. %;, %;,#%"*:#1 ,-.,"*,+:,7

P( /,0*+*+' /"#$#%&"'( *+ %;*4 B#( *% #..,#"4 %;#% B, #", ",*+>,+%*+'

43$,%;*+' >,"( #+:*,+%7 6+/ *+ # 4,+4, %;#% *4 %"&,7 P&% ",/,0*+*%*3+4 #143

4,">, %3 3.,+ &. +,B 4.#:,4 03" #:%*3+ #+/ ",01,:%*3+C B*%;3&% /*4.,+4*+'

B*%; # /,+4, +,%B3"E 30 $,$3"*,4 #+/ $,/*#%*3+47

=;,#%", *+ #+ ,-.#+/,/ 0*,1/

Q"3$ %;, ,+/ 30 %;, RSA %3 %;, @,'*++*+' 30 %;, TUAC %;, ;*4%3"( 30 F,4%?

,"+ %;,#%", B#4 *+%,"%B*+,/ B*%; %;, ;*4%3"( 30 /"#$#%*: 1*%,"#%&",C *+ 43$,

:#4,4 ,>,+ :3+:,#1,/ @,+,#%; %;, ;*4%3"( 30 *%7 =;, !"#$"%!&" 30 %;, K#"% 30

%;,#%",M #+/ %;, K#"% 30 /#+:,MC *+ %;, ,#"1( (,#"4 30 %;, .#4% :,+%&"(C

@,'#+ # +,B .,"*3/ *+ B;*:; .#"#11,1 %3 %;, *+%"3/&:%*3+ 30 %;, :3+:,.% 30

#&%3+3$( *+ .#*+%*+'C 1*%,"#%&", #+/ $&4*: HB;*:; *+ $#+( :#4,4 /,"*>,/

0"3$ #@4%"#:%*3+IC %;,#%", /,0*+,/ *%4,10 #4 #+ #&%3+3$3&4 #"% *+ ",1#%*3+

%3 1*%,"#"( /"#$# #+/ /#+:, #+ #&%3+3$3&4 #"% *+ ",1#%*3+ %3 $&4*:7 N% B#4

%;,+ %;#% +,B :3+:,.%4 30 /"#$#%&"'( @,'#+ %3 ,$,"', 4&:; #4 4:3",4C1*@",%%34C 4:"*.%4C :3$.34*%*3+4C +#""#%*3+4C ,%:7

D3B,>,"C :3*+:*/*+' B*%; %;*4 #00*"$#%*3+ 30 #&%3+3$( 0"3$ %;, .3*+% 30

>*,B 30 1#+'&#',C >#"*3&4 #>#+%?'#"/, #"%*4%*: ."3.34#14 *+ 4,#":; 30

",+,B,/ .31*%*:#1C 43:*#1 #+/ ",1*'*3&4 ,00,:%*>,+,44 03" #"% B,", ,-.,"*,+:?

*+' 4,"*3&4 ;,%,"3+3$3&4 %,+4*3+7 N+ 43$, :#4,4 %;*4 %,+4*3+ ."3>3E,/

%;, #@#+/3+$,+% 30 %;, %;,#%", @&*1/*+' .," 4,C @&% #143 30 K%;, %;,#%",M

#4 #+ *+4%*%&%*3+C *+ 0#>3&" 30 +,B #::3$$3/#%*3+ *+ :*":&4,4C :;&":;,4C

:#@#",%4C 4.3"%4 .#>*1*3+4C #+:*,+% "&*+4C 3" ,>,+ %;, "#/*3C %;, :*+,$# 3"

$&4,&$47

D3B,>,"C %;, $34% "#/*:#1 ."3.34#1 B#4 +3% %;#% 30 %#E*+' %;, %;,#%", %3

%;, 4%",,%C @&% %;#% 30 4,#":;*+' *+ %;, 4%",,% 03" %;,#%",7 83$, 30 %;, $34%

'"3&+/@",#E*+' ."3.34#14 03" %;, ;*4%3"( 30 %;, :3+%,$.3"#"( 4%#',

/,"*>, 0"3$ %;, 4,#":; .&% 03"B#"/ @( :",#%3"4 #4 /*>,"4, #4 P,"%31% P",:;%

#+/ 6+%3+*+ 6"%#&/7 =;, 03"$," 03&+/ *+ %;, 4%",,% 4%#', # $3/,1 03" ;*4

,.*: %;,#%",7 =;, 1#%%," 03&+/ *+ .31*:, "#*/4 # $3/,1 03" ;*4 %;,#%", 30 :"&?,1%(7 F, 4;3&1/ #// %3 4#( %;#% @3%; 1,0% %;, %;,#%", *+ 3"/," %3 ",%&"+ %3

*%C @&% %;, .3*43+ B#4 #1",#/( *+3:&1#%,/7 6+/ 4,>,"#1 /,:#/,4 1#%,"C 43$,

VU 2345 67 89+:;,<



30 *%4 :",#%3"4 *+ %;, ,"# 30 "#/*:#1 %;,#%", ",#.,/ #11 %;, :3+4,W&,+:,4 30

%;34, ",>31&%*3+#"*,4 K%#E*+' %3 %;, 4%",,%M7

=;*4 K%#E*+' %3 %;, 4%",,%M :3*+:*/,/ B*%; %;, /*4:3>,"( @( 43:*313'*4%4 #+/

#+%;"3.313'*4%4 30 43:*#1 4.#:,4 #4 %;,#%",47 N+ '($ *+$,$"%-%!&" &. /$0. !"

1#$+23-2 4!.$ HRXYXIC Z">*+' [300$#+ #+#1(4,/ %;, 43:*#1 @,;#>*3&" 30 *+/*?

>*/&#14 &+/,"4%33/ #4 K.,"03"$#+:,M #+/ %;#% 30 '"3&.4 #4 # .,"03"$#+:,

4&@\,:% %3 :,"%#*+ *$.1*:*% #'",,$,+%47 P( K.,"03"$#+:,M [300$#+ $,#+%

K%;, %3%#1 #:%*>*%( 30 # '*>,+ .#"%*:*.#+% 3+ # '*>,+ 3::#4*3+ %;#% 4,">,4 %3

43$,;3B *+01&,+:, %;, 3%;," .#"%*:*.#+%4M H[300$#+C RXYXG T]I7 83 *+ 3&"

/#*1( 1*>,4 B, 0*+/ 3&"4,1>,4 0#:,/ B*%; %;, #::,.%#+:, 30 .",?,4%#@1*4;,//"#$#%&"'*,4 3" :3+4%#+%1( $#E*+' /"#$#%&"'*:#1 /,:*4*3+47

N0 43:*,%( *4 # %;,#%", #+/ *%4 :*%*<,+4 @,'*+ %3 @, :3+4:*3&4 30 %;, .",%,+:,C

*0 %;,( %;,$4,1>,4 #1",#/( 0,,1 1*E, #:%3"4 *+%,'"#%,/ *+ /*>,"4, *+%,"B3>,+

43:*#1 /"#$#4 :"*44?:"344*+' B*%; 3+, #+3%;,"C %;,+ B;#% *4 %;, 4,+4, *+

/&.1*:#%*+' %;#% 4#$, 4%"&:%&", *+ %;, #"%*4%*: ,+>*"3+$,+%^

_*:%3" =&"+,"C 03" ;*4 .#"%C :3+>,"%,/ K:&1%&"#1 .,"03"$#+:,M *+ *%4 /*4%*+:%

$3/#1*%*,4 H"*%&#1C %;,#%",C /#+:,C %,1,>*4*3+C ,%:I *+%3 # ."*>*1,',/ .1#:, 03"

%;, 4%&/( 30 43:*#1 :;#+',7 `+, &+/,"4%#+/4 %;#% *+ K:&1%&"#1 .,"03"$?

#+:,MC %;, ",1#%*3+4;*. @,%B,,+ 4%"&:%&", #+/ %"#+403"$#%*3+ .",4,+% *+

#+( ;&$#+ 43:*#1 3"'#+*4#%*3+ #:W&*",4 # 4.,:*#1 >*4*@*1*%(J +3% 3+1( %;#%C

@&% *+ $#+( :#4,4C :&1%&"#1 .,"03"$#+:, *4 %;, :134,/ 4.#:, *+ B;*:; 43:*#1

:;#+', @,:3$,4 >*4*@1, 3" 4%#',/7

[300$#+a4 #+/ =&"+,"a4 ."3.34#14 *+ # 4,+4, &./#%,/ %;34, 30 6"%#&/ #+/

P",:;% *+ %;,*" ",4.,:%*>, 4%",,% 4:,+,47

6:%&#11(C B;*1, #+%;"3.313'( B#4 /*4:3>,"*+' %;, /"#$#%*: /*$,+4*3+ 30

43:*#1 1*0,C +&$,"3&4 :",#%3"4 ;#/ 1#&+:;,/ *+%3 +3+?/"#$#%*: %;,#%", #+/

.,"03"$#+:, ."#:%*:,4C *+ %;, 03"$ 30 ,>,+%4C #++*>,"4#"*,4C ;#..,+*+'4C

4*%&#%*3+#1 %;,#%",C 1*>*+' %;,#%",C @3/( #"%4C ,%:C ,%:C '&*/,/ @( %;, :3+0*"?

$#%*3+ %;#% B, #", #11 #:%3"4 #+/ @( %;, &%3.*# %;#% B, :#+ #11 '*>, &. ",.?

",4,+%*+' 3&" "31, %3 @, #"%*4%47

=;*4 +,B ;3"*<3+ 3.,+,/ %;, B#( 03" /*00,",+% 03"$4 30 43:*#1 %;,#%",G %;,?

#%", 30 *+%,">,+%*3+C /3:&$,+%#"( %;,#%",C #+/ #143 03" ."#:%*:,4 30 /#+:,

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ VR



3" %;,#%"*:#1 #00*1*#%*3+ B;*:; #"34, *+ # :3+%,-% 3" *+ # 4%"#%,'( B*%; 3@\,:?

%*>,4 %;#% B,", .31*%*:#1C 43:*#1C ,+>*"3+$,+%#1C ,%:7

!3,4 %;*4 $,#+ %;#% %;,#%", B#4 /,%,"$*+,/ %3 %#E, %3 %;, 4%",,%C %;#% *4C %3

%;, b43:*#1 4.#:,a +,>," %3 ",%&"+^ `" *4 *% .344*@1, %3 :3+%*+&, %3 %;*+E 30 #

$*$,%*: 0&+:%*3+ 03" %;,#%",^ N+ 0#:%C $#+( #"%*4%4 ;#>, 3.%,/ %3 ",:3>," %;*4

$*$,%*: B#( #+/ ",."3/&:, 3+ 4%#', %;, :3$.1,- .13% 30 ",1#%*3+4;*.4

@,%B,,+ %;, *+/*>*/&#1 #+/ %;, :311,:%*>,C @,%B,,+ 0*:%*3+ H/"#$#I #+/ ",#1*?

%( H;*4%3"(IC W&,4%*3+*+' *+ %;, *+%,"*3" 30 %;, %;,#%", %;, #"%*0*:, 30 # ",.",?

4,+%#%*3+ %;#% *4 +3% ."*$#"*1( B*%;*+ %;, %;,#%",C @&% 3&%4*/, *%7

N+ /3*+' 43C %;, %;,#%", @,:3$,4 #+ #::3$.1*:, 30 %;, ",01,:%*3+4 30 43$,

#":;*%,:%4 3+ %;, :3+%,$.3"#"( :3+:,.% 30 ;3$,7 N+ ,00,:%C 03" $#+(C %;,?

#%"*:#1 .,"0,:%*3+ *4 #443:*#%,/ B*%; +#%&"#1*4% %;,#%",C B;*:; B#4 @#4,/ 3+

%;, ",."3/&:%*3+ 3+ 4%#', 30 %;, /3$,4%*: 4.#:, H&4&#11( @3&"',3*4C

#1%;3&'; #143 ."31,%#"*#% #+/ ,>,+ &+/,"."*>*1,',/ *+ %;, B3"E 30 43$,

/"#$#%*4%4I7 =;, 4:,+*: #>#+%?'#"/, $3>,$,+%4 /*/ #B#( B*%; %;, @3&"?

',3*4 ;3$, #+/ P",:;% :3+:,*>,/ # 4&@4%#+%*#1 .#"% 30 ;*4 %;,3"( 0"3$ %;,

*/,# 30 %;, #@#+/3+$,+% 30 ;3$,C 30 %;, ;3$, #4 43$,%;*+' $3>*+'C 30

%;, :*%( #4 %;, 3+1( ;3$,7

N0 B, B#+%,/ %3 ",%&"+ %3 %;*4 '31/,+ H@&% #143 #'3+*4*+'I #', 30 /"#$#%*:

#"%C B;#% ;3$, B3&1/ B, 0*+/^

N+ K6":;*%,:%3+*: 1#+/4:#., 30 # A*%( ,+:#4,/ *+ # 0*1$ 30 %"#+4.#",+% .1#4?

%*:MC =3(3 N%3 ",01,:%,/ 3+ %;, :3+4,W&,+:,4 30 %;, $&1%*0#:,%,/ #4.,:% 30

%;, :*%( #4 # .;(4*:#1 4.#:, @&% #143 #4 # .;,+3$,+3+7 N+ B;#% N%3 :#11,/

K%;, :*%( #4 # .;,+3$,+3+MC ;&$#+ @,*+'4 $#*+%#*+ >*"%&#1 ",1#%*3+4;*.4

*+ 01,,%*+' 4.#:,4C 4.#:,4 :;#"#:%,"*4,/ @( +,&%"#1*%(C 01&*/*%(C %"#+4.#",+?

:(7 =;, ;3$,C 3+ %;, 3%;," ;#+/C *4 4%*11 :3+:,*>,/ #4 # 4.#:, %;#% *4 0*-,/7

=;, ;3$, %,+/4 %3 ",."3/&:, *+ *%4 4%"&:%&", %;, ",1#%*3+4;*.4 30 # $3/,1

0#$*1(C #"%*:&1#%,/ #"3&+/ %;, 1*>*+'?"33$O/*+*+'?"33$ H.&@1*: 4.#:,IC

B;*:; %;, @,/"33$4 1,#/ 3+%3 #+/ B;*:; *4 :3++,:%,/ %3 %;, E*%:;,+ #+/

3%;," 4,">*:, "33$47 P&% %;, :3+%,$.3"#"( 0#$*1(C B;*:; +3 13+'," 1*>,4 *+

%;, .;(4*:#1 :*%(C @&% *+ %;, K:*%( #4 # .;,+3$,+3+MC /3,4 +3% 0*% *+ B*%;

%;*4 4%"&:%&",G

Z#:; 30 %;, $,$@,"4 30 %;, 0#$*1(C *+4%,#/ 30 @,*+' *+%,"",1#%,/C ;#4

,-%,+/,/ %3B#"/4 43:*,%( >#"*3&4 +,%B3"E4 *+ $&1%*.1, 1#(,"4C %;"3&'; %;,

VT 2345 67 89+:;,<



$,/*# cde =;, *+/*>*/&#14 \3*+ %3',%;," @( $,#+4 30 *++&$,"#@1, "#$*0*,/

+,%B3"E47 =;, *+/*>*/&#1 /*",:%4 ;*$4,10 *+ # /*",:% #+/ :3$.1,%, B#(

%3B#"/4 43:*,%(C #4 ;, /3,4 *+ # 4,:3+/#"( $#++," %3B#"/4 %;, 0#$*1(7 =;,",*4 # '",#% '#. @,%B,,+ %;, 1#(3&% 30 :3+>,+%*3+#1 ",4*/,+%*#1 4.#:, #+/ .",4?

,+%?/#( ",#1*%(7 ̀ +, :3&1/ 4#( %;#% ",4*/,+%*#1 .1#+4 .&%%*+' ,>,"( @,/"33$ *+

/*",:% :3+%#:% B*%; 43:*,%(C B*%; %;, 1*>*+'?"33$ #+/ /*+*+'?"33$ *+ %;, @#:E?

'"3&+/ #4 #+ #"@*%"#"( 4.#:,C B3&1/ @, $&:; :134," %3 ",#1 1*0,7 A#0,%,"*#4C

@#"4 #+/ ",4%#&"#+%4 ",.1#:*+' %;, 1*>*+' "33$C :3+>,+*,+:, 4%3",4 3.,+ TV

;3&"4 # /#(C "#%;," 4*$*1#" %3 # 1#"', 0"*/',C 5&6%!76$, ",.1#:*+' B#"/"3@,4C

'($4 ",.1#:*+' 1#"', '#"/,+4C :;#*+4 30 0#4%?033/ 3&%1,%4 #+/ %;, 06"8( 5&9 C

#4 #+ #1%,"+#%*>, %3 :33E*+'C ,%:C ,%:7 HN%3C TUUUG RTR?RTTI7

=;, /*4*+%,'"#%*3+ 30 %;, 0#$*1( ;3$,C %;, $&1%*.1*:#%*3+ 30 $3/,14 30

0#$*1( #+/ ;3$,C %;, :3$.1,- ",1#%*3+4;*.4 @,%B,,+ .&@1*: #+/ ."*>#%,C

B;*:; >*"%&#1 :3$$&+*:#%*3+4 H#4 #+ ,-.#+4*3+ 30 &"@#+ :3$$&+*:#%*3+4I

."3/&:,C 1,#/4 &4 %3 :3+4*/," .344*@1, +,B /"#$#%&"'*,47 N0 %;, @3&"',3*4

;3$, ,+',+/,",/ %;, @3&"',3*4 /"#$#C B;#% /"#$#%&"'*,4 /3 %;, :*%(

.;,+3$,+3+ #+/ %;, 3.,+ 3" ,-.#+/,/ ;3$, ',+,"#%,^

=;,#%"*:#1*%( #+/ f,"03"$#%*>*%(

=3(3 N%3C B;3$ %;,#%",C #+/ ,4.,:*#11( g3; %;,#%",C 4,">,/ #4 #+ *+4.*"#?

%*3+ 3" 4%#"%*+' @13:E 03" %;, 03"$&1#%*3+ 30 ;*4 #":;*%,:%&"#1 */,#4C *+4*4%4

3+ %;, */,# 30 01&*/*%( #+/ $,%#$3".;34*4 #4 E,( :3+:,.%4 30 ;*4 #":;*%,:?

%&"#1 ."3\,:%7 =;, *+;,",+% 0*-,/ +#%&", 30 #":;*%,:%&", B3&1/ @, *+ :3+01*:%

B*%; %;, 01&*/*%( %(.*:#1 30 :3+%,$.3"#"( 43:*,%(a4 $,#+4 30 :3$$&+*:#?

%*3+ #+/ ,-.,"*,+:,7 6+/ %;,",*+ #":;*%,:%&", ,+:3&+%,"4 %;, 4#$, ."3@?

1,$ 0#:*+' *+4%*%&%*3+#1 %;,#%",7 =;,#%",C #4 #+ *+4%*%&%*3+C 0*-,4 :,"%#*+ 1*$?

*%4 *+ 4.#:, #+/ %*$,C @&% #143 #::,.%4 # 4%#%*: 43:*#1 :3+>,+%*3+7

N% *4 *+/,,/ *+%,",4%*+' %3 +3%, %;#% %;, 0*"4% #"%*4%4 B;3 *+*%*#%,/ %;*4 E*+/

30 ."#:%*:, %;#% B#4 1#%," %3 @,:3$, E+3B+ #4 1*>, #"% 3"

.,"03"$#+:, #"% :3+:,*>,/ %;,*" ."3.34#1 #4 #+ #.."3-*$#%*3+ %3 %;,#%",C

#+/ %;#% 43$,C 4&:; #4 23;+ A#', ;*$4,10C B3&1/ ,-.1*:*%1( 4.,#E 30 #4

K%;,#%",M7 =;, 4#$, B#4 %"&, 03" %;, #+%;"3.313'*4%4C &.3+ B;34, B3"E

#&%;3"4 4&:; #4 h*:;#"/ 8:;,:;+," #+/ _*:%3" =&"+," B,", %3 @#4, %;,$?4,1>,4 #4 # 03&+/#%*3+ 03" %;,*" f,"03"$#+:, 8%&/*,47 N+ ",#1*%( Z">*+' [300?

$#+ #+/ _*:%3" =&"+," B,", *+%,",4%,/ *+ 43:*#1 .,"03"$#+:,4C B;*:; *+

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ Vi



$#+( :#4,4 B,", :#11,/ K43:*#1 /"#$#4M7 N% *4

*+%,",4%*+' %33 %;#% _*:%3" =&"+," ",:3'+*4,/ *+

%;,4, /"#$#4 +3% # 0*-,/ 4.#:,C @&% # 4.#:, 30 :;#+',C #+/ 0&"%;,"$3", B#4 ;*';1( :"*%*:#1 30

%;34, B*%; %;,*" "#%*3+#1*4% F,4%,"+ $,+%#1*%(C

B;3 :3+%,$.1#%,/ "*%&#14 #4 0*-,/ *+4%*%&%*3+47

`+ %;, :3+%"#"(C 03" ;*$ %;, $34% *+%,",4%*+'

#4.,:% 30 %;, 43:*#1 /"#$# *4 B;#% ;, %,"$,/

%;, %;",4;31/ 3" 1*$,+ .;#4,C %;#% 4#$, 1*$*+#1

/*$,+4*3+ %3 43:*#1 #:%*>*%( ."3/&:*+' /,4%#@*1?

*4#%*3+C $,%#$3".;34*4C 3" #4 =3(3 N%3 B#41#%," %3 4#(C 01&*/*%(7

=;, */,# B#4 %3 ,-%"#:% %;, 1*$*+#1 0"3$ %;, "*%?

&#1 *+ # $3>,$,+% .#"#11,1 %3 %;, 3+, %;#% 1,/

6"%#&/ #+/ P",:;% %3 %#E, %;,#%", %3 %;, 4%",,%7

=;, [,"$#+ %;,3"*4% Q*4:;,"?j*:;%, #143 ",43"%?

,/ %3 %;, :3+:,.% 30 %;",4;31/ %3 #"'&, %;,

@#4,4 30 ;," :$,%($%!8, &. *$+.&+;-"8$R HQ*4:;?

,"?j*:;%,C TUUVGiUY44I7 =;&4 1*$*+#1*%( :#+ @,

:3+4*/,",/ 3+, 30 %;, ";*<3$#%*: E,(4 03" %;,

/,0*+*%*3+ 30 # .,"03"$#%*>, .#"#/*'$ /*00,",+%

%3 %;, %;,#%"*:#1 .#"#/*'$ H%;#% [300$#+ B#4

:3+%*+&*+' %3 &4, *+ ;*4 ",4,#":; 3+ 43:*#1

/"#$#%&"'(I7

N+ ;*4 *+%"3/&:%*3+ %3 ;*4 1#4% @33E '($ :"%(+&<

=&0&>2 &. *$+.&+;-"8$ HRXS]I =&"+," #00*"$,/G

?" -"%(+&=&0&>2 %($+$ (-, 5$$" - "&%!8$<

-50$ ,(!.% !" %($&+$%!8-0 $;=(-,!, !"

+$8$"% 2$-+, .+&; ,%+68%6+$ %& =+&8$,,@

.+&; 8&;=$%$"8$ %& =$+.&+;-"8$@ .+&;

%($ 0&>!8, &. 860%6+-0 -"3 ,&8!-0 /2,%$;,

%& %($ 3!-0$8%!8, &. ,&8!&<860%6+-0

=+&8$,,$,A B$ -+$ %& %(!"C &. 8(-">!"> ,&8!&,2;5&0!8 .!$03, +-%($+ %(-" ,%-%!8

,%+68%6+$,A D'6+"$+@ EFGHI JEKA

VV 2345 67 89+:;,<

R7 8,, #143 Z"*E#Q*4:;,"?j*:;%,K=;,#%"*:#1 8:*,+:, *+%;, f",4,+%?!#(7 =;,.,"03"$#%*>, %&"+ *+:&1%&"#1 4:*,+:,4MC *+?"3->-8!L" +k RT?RiH!,:,$@," UlO2&+, U]I7



=;*4 :;#+', 30 ,$.;#4*4 :3&1/ @, /*4:,"+,/ @3%; *+ %;, 43:*#1 #+/ %;,

4%#', ,+>*"3+$,+%C #4 # %"#+4*%*3+ 0"3$ %;, %;,#%"*:#1 %3 %;, .,"03"$#%*>,7

F;,+ B, 4.,#E 30 %;,#%"*:#1*%( >47 .,"03"$#%*>*%( B, #", +3% 4,%%*+' 3&% 3+%;, 0&%*1, W&,4% 30 :3$.#"*+' /"#$#%*: %;,#%", %3 .,"03"$#+:, #"%C @&%

"#%;," %B3 .#"#/*'$4 30 :3$.",;,+4*3+C @,;#>*3&" #+/ 43:*#1 .,"03"$?

#+:, %;#% :#+ @, 03&+/ *+ %;, $,/*&$ 30 %;, 4%#',C #4 B,11 #4 %;#% 30 %;,

>*4&#1 #"%4C *+ :*+,$#C #":;*%,:%&", 3" *+ ',+,"#1 *+ %;, $,/*&$ 30 :3$$&?

+*:#%*3+4 #+/ 43:*#1*4#%*3+7

=;,#%"*:#1*%( *4 :;#"#:%,"*4,/ @( #+ #::,+%&#%*3+ 3+ 3@4,">#%*3+C 3+ %;,

:3+4:*3&4+,44 30 3@4,">#%*3+C #+/ #::3"/*+'1( 3+ ",.",4,+%#%*3+ #+/ *%4:3+4%"&:%*3+7 =;, ,-%",$, %,+4*3+ %3B#"/4 0*-,/ 4.#:, ."3/&:,/ %;, #11,?

'3"( 30 %;, B3"1/ #4 # %;,#%", #+/ %;, %;,#%", #4 # B3"1/7 N+ %;*4 $3/,1 %;,

:;#+',4 #", .",?,4%#@1*4;,/ #+/ *+ #+( :#4, /3 +3% #00,:% %;, #:%&#1 4%"&:?

%&", 30 %;, :134,/ &+*>,"4,7 A;#+', ,-*4%4J *% *4 %;, ,44,+:, 30 %;, /"#$#%?

*:C @&% *4 #143 ,+:134,/ @( %;, 1*$*%4 30 %;,#%"*:#1*%(7 83:*#1 ",#1*%( *$.34,4

*%4,10 3+ %;, *+/*>*/&#1 /",#$ H%;, ,%,"+#1 ",#1*%(C *+ %;, @#"3W&, $3/,1C

*$.34,4 *%4,10 3+ %;, @*3'"#.;*:#1 /",#$I7

f,"03"$#%*>*%(C 3+ %;, 3%;," ;#+/C ,$.;#4*4 #:%*3+C /(+#$*4$C #+/ %;&4

01,,4 0"3$ ",.",4,+%#%*3+ *+ 4,#":; 30 %;, $#+*0,4%#%*3+ 30 # B3"1/ .,"?

$#+,+%1( :;#+'*+'7 =;, :;#+',4 #", +3% %3 3::&.( #+3%;," .1#:,C @&% %3

",$#*+ 43:*#11( #1*>,7 =;, 1*0, 30 %;, 4(4%,$ /,.,+/4 3+ %;, 1*0, 30 %;, *+/*?

>*/&#14 %;#% :3$.34, *%7 =;,", *4 +3 :134&",C 3" #% 1,#4% %;,", *4 +3 B#( 30

>*,B*+' %;#% :134&",7 =;, 1*$*%4 @,%B,,+ ",#1*%( #+/ 0*:%*3+ #", $3@*1, #+/

/,.,+/ 3+ .,"$#+,+% #'",,$,+%4 #+/ 3+ %;, %"#+403"$#%*3+4 %;#% # 4*%&?

#%*3+ ,-.,"*,+:,47

F, :3&1/ :3+4*/," %;, ,-.#+4*3+ 30 %;, .,"03"$#%*>, $3/,1 #4 # 4($.%3$

30 # /,$3:"#%*4#%*3+ 30 4&@\,:%*>*%(C #4 # :3+/*%*3+ 30 .344*@*1*%( 30 # /,0*?

+*%*3+ 30 */,+%*%*,4 +3% 4&@$*%%,/ %3 :134,/ $3/,14 #+/ # /,0*+*%*3+ 30 4*%?

&#%*3+4 30 :3,-*4%,+:, :3+4%#+%1( ,-.34,/ %3 +,'3%*#%*3+7 =;*4 /,$3:"#%*?

4#%*3+ 30 4&@\,:%*>*%( :3&1/ @, %;, 3%;," 4*/, 30 %;, :3*+ 30 B;#% f#313

_*"+3 :#11,/ %;, '3>,"+*+' 30 %;, $&1%*%&/,4C %;, ",:3'+*%*3+ %;#% %;,

#''",'#%*3+ 30 *+/*>*/&#14 /*/ +3% ;#>, %3 '*>, "*4, %3 %;, $#44,4C @&% %;#%

# @#1#+:,/ 4(4%,$ :3&1/ @, #::,.%#@1,C # :134,/ :*":&*% *+ B;*:; %;, :31?1,:%*>, */,+%*%( B3&1/ /,.,+/ 3+ *+/*>*/&#1 */,+%*%*,4 #+/ >*:,?>,"4#

H_*"+3C TUUiI7

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ VY



Q"3$ %;, %*$, %;*4 .,"03"$#%*>, %&"+ @,:#$, #..#",+%C %;, */,# #143 @,'#+

%3 4.",#/ %;#% %;, %;,#%"*:#1 +3 13+'," 4,">,/ #4 # ",4.3+4, %3 %;, 01&*/*%(

30 ,-.,"*,+:,7 =;, "&.%&", 30 %;,#%"*:#1*%( B#4 #443:*#%,/ B*%; #+ #11,"'(%3 ",.",4,+%#%*3+ #+/ %;, #::,.%#+:, 30 13'*:C @3%; >*,B,/ #4

43:*#1O#&%;3"*%#"*#+ *$.34*%*3+47 `+ %;, :3+%"#"(C .,3.1, 3.%,/ 03" 4,10?

",.",4,+%#%*3+ #+/ :;#+:,7

D3B,>," %;*+'4 #", 43$,B;#% 1,44 4%"#*';%?03"B#"/G %;,", *4 +3 @1#:E #+/

B;*%,7 Q*"4%1(C @,:#&4, %;, :3+4:*3&4+,44 30 3@4,">#%*3+ #+/ %;, :3+4%"&:?

%*3+ 30 ",.",4,+%#%*3+ .,"$,#%, 43:*#1 #+/ /#*1( @,;#>*3&" %3/#( %3 #

$&:; '",#%," ,-%,+% #4 # ",4&1% 30 %;, ,-.#+4*3+ 30 %,1,$#%*: :3$$&+*:#?

%*3+4 $,/*#7 6+/ %;, '",#% B3"1/ %;,#%",C B;*:; *+ P#"3W&, Z&"3., :3+?

>,"%,/ #11 @,*+'4 *+%3 #:%3"4 30 %;, B"*%%,+ /"#$# :3+%,$.1#%,/ @( /*>*+*?

%(C ",#..,#"4 %"#+403"$,/ *+%3 # $&1%*.1*:*%( 30 *+/*>*/&#1 #+/ :311,:%*>,

",.",4,+%#%*3+4 03" #+ *+0*+*%( 30 *+%,":3++,:%,/ 3@4,">,"47 `+ %;, 3%;,"

;#+/C %;, ,$.;#4*4 3+ 3@4,">#%*3+ *4 #143 3+ %;, 43:*#1 /*$,+4*3+ 30 #"%*4?

%*: #+/ +3+?#"%*4%*: ."#:%*:,4C #+/ #4 4&:; *+/*:#%,4 # /,4*", %3 @, *+:1&/,/

B*%;*+ # 4.#:, 30 $3"#1 #+/ .31*%*:#1 /,@#%,7 613+'4*/, %;, $3/,1 30 K'",#%

%;,#%", 30 %;, B3"1/M #..,#"4 %;, 3%;," '",#% $3/,1 ,$,"'*+' *+ *11&4%"#?

%*3+4G %;, %;,#%", #4 # 03"&$ HB*%; *%4 /,>*#%*3+4 %3B#"/4 %;, .3/*&$ #+/%;, %"*@&+#1I7

N+ :,"%#*+ :3+%,-%4 #+/ *+ %;, *+%,"*3" 30 :,"%#*+ .31*%*:#1 #+/ #,4%;,%*:

3.%*3+4C %;, #..,#1 %3 %;,#%"*:#1*%( :#+ @, ,+3"$3&41( ,00,:%*>,7 N+ ;*4 @33E

M&;!"-%!&" -"3 %($ :+%, &. N$,!,%-"8$ DEFFOK 2#$,4 8:3%% 4;3B,/ ;3B *+

%;, 0#:, 30 :,"%#*+ 4*%&#%*3+4 30 /3$*+#%*3+C 4%"3+'1( :3+/*%*3+,/ @( B;#%

;, /&@@,/ K%;,#%"*:#1 /,$#+/4MC :3+4:*3&4 .,"03"$#+:,C *+:1&/*+' ;*4%"*?

3+*:4C :#+ :3+4%*%&%, #+ ,00*:*,+% $,#+4 30 ",4*4%#+:,7 6+/ %;*4 #..,#1 %3

%;,#%"*:#1*%( *4 ,4.,:*#11( .",>#1,+% B;,+ %;, 3..",44,/ 3" 4&@#1%,"+4 :#+?

+3% 0*+/ %;, +,:,44#"( 4.#:, 03" %;, /,>,13.$,+% 30 # .,"03"$#%*>, #:%*3+

#+/ ;#>, %3 ",43"% %3 #:%*+' %;,*" "31, B;*1, #1%,"*+' *% B*%;*+ %;,*" 3B+

0"#$,B3"E7 8:3%% #+#1(4,4 43$, ,-#$.1,4 *+ %;, :3+%,-% 30 RSA ",'*$,4

:;#"#:%,"*4,/ @( 41#>,"(C P"*%*4; :313+*#1*4$ *+ N+/*# *+ %;, RXA #+/ TUAC

3" 83&%; 60"*:#+ #.#"%;,*/ 30 %;, 4,>,+%*,4 #+/ ,*';%*,4 H8:3%%C RXXUI7

F, :#+ #143 0*+/ :3+%,$.3"#"( 4%#', ,-.3+,+%4 30 %;,#%"*:#1*%( 30 ",4*4%?

#+:, *+ 4*%&#%*3+4 30 3..",44*3+ *+ %;, ."3.34#14C 03" ,-#$.1,C 30 2,4&4#h3/"m'&,< *+ n,-*:3 3" 6+'51*:# j*//,11 *+ 8.#*+7

=;*4 ",%&"+ 30 %;, %;,#%"*:#1 *+ ."#:%*:,4 30 ",4*4%#+:, /3,4 +3% :3+%"#/*:%

Vl 2345 67 89+:;,<



B;#% N ,#"1*," %,"$,/ K.,"03"$#%*>, %&"+MC @&% *+%"3/&:,4 *+4%,#/ '",#%,"

:3$.1,-*%( *+%3 %;, /*#'+34*4 30 %;, .",4,+%C /*>,"4, %,$.3"#1*%*,4 *+%3 %;,

:3$.",;,+4*3+ 30 3&" .",4,+% H+3% /*4%*+:% %,""*%3"*,4C @&% /*4%*+:% %,$.3?"#1*%*,4 *+ 3+, #+/ %;, 4#$, %,""*%3"( #+/ ,-.,"*,+:,I7 6+/ *+ ,00,:%C %;,

'3>,"+*+' 30 %;, $&1%*%&/,4 *4 # ;3"*<3+ #+/ # 4%"&''1,C @&% +3% #+ ,00,:?

%*>, ",#1*%(C @,:#&4, ;*4%3"( ;#4 +3% ,+/,/C *% ;#4 $&1%*.1*,/C *% ;#4 @,:3$,

$3", :3$.1,-7

D3B,>,"C %;*4 .,"03"$#%*>, %&"+ *4 +3% $,",1( ",1#%,/ %3 # /,0*+*%*3+ 30 .,"?

03"$#%*>*%( *+ *%4 /*#13'&, 3" %,+4*3+ B*%; %;,#%"*:#1*%(7 N+ ",:,+% (,#"4

",01,:%*3+4 3+ 1*+'&*4%*: .,"03"$#%*>*%( #+/ %;, :3+4,W&,+:,4 30 %;, #+#1(?4*4 30 %;, .,"03"$#%*>, 0&+:%*3+ 30 1#+'&#', *+ 4%#', ."#:%*:,4 ;#>, #143

:3$, %3 %;, 03",7

P,03", 27j7 6&4%*+ @,'#+ %3 %;,3"*4, 3+ %;, 4&@\,:%C f#&1 _#1o"(C #4 _*"+3

#143 ",:#114C 3@4,">,/ %;, 03113B*+'G

1#$" 5$.&+$ $,#+*+' 43$,%;*+'C -"2 $;!,,!&" &. 0-">6->$@ *+/*:#%,4

%(-% 43$,3+, *4 4.,#E*+'7 '(!, !, 3$8!,!#$@ -"3 (-, "&% 5$$" +$#$-0$3 52 %($ 0!">6!,%,A '($ #&!8$ !, ,-2!"> #$+2 0!%%0$ !" !%,$0.@ 56% -8%!"> -, %($

5$-+$+ &. =-+%!860-+ ;$,,->$,A DP!+"&@ JOOQI RFKA

F;#% /3 B, &+/,"4%#+/ @( .,"03"$#%*>*%(^ _*"+3 ",.1*,4 #4 03113B4G

cde %;,", #", 3::#4*3+4 B;,+ B;#% *4 4#*/ *4 30 +3 *$.3"%#+:,C %;,

/,:*4*>, ,1,$,+% @,*+' %;, #:%&#1 0#:% 30 4.,#E*+'C 4;3B*+' 3+,4,10

@,03", %;, '#<, 30 3%;,"4 #4 # 43&":, 30 ,+&+:*#%*3+47 =;#% *4 B;(CB;,+ 3+, :3$$&+*:#%,4 %;#% 3+, *4 :3$$&+*:#%*+' H%;#% *4C B;,+

B;#% $#%%,"4 *4 %;, #:% 30 ,+&+:*#%*+'C +3% #+( '*>,+ %,-% 30 B;#% *4

,+&+:*#%,/IC %;,+ *% *4 1*%,"#11( :,"%#*+ %;#% %;, &1%*$#%, #*$ *4 %;, >,"(

,-,":*4, 30 %;, 0#:&1%(M7 H_*"+3C TUUYG YiI7

P( %#E*+' %;*4 %3 *%4 ,-%",$,C @( "#/*:#1*4*+' %;*4 0&+:%*3+C B, 0*+/ %;, .34?

4*@*1*%( 30 :3+:,*>*+' %;, ."#:%*:, 30 1#+'&#', 4*$.1( #4 # /,0*+*%*3+ 30 %;,

4*%&#%*3+C B;*:; *+ *%4 /,>,13.$,+% ."3/&:,4 #1%,"#%*3+4 #+/ ",:3+0*'&"#?%*3+4 %3 ",1#%*3+4;*.4J '*>*+' >*4*@*1*%( %3 43$, 3>," 3%;,"4C .,"$*%%*+'

43$, %3 ,-*4% 43:*#11( #+/ 3%;,"4 +3%C ,%:7

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ V]



=;*4 1*+'&*4%*: ."#:%*:, *4 +3% ,-:1&4*>, %3 >,"@#1 :3$$&+*:#%*3+C /,4.*%,

%;, 0#:% %;#% &+%*1 ",1#%*>,1( ",:,+%1( *% B#4 :3+4*/,",/ #4 %;, 3+1( 03"$ 30

1#+'&#', B*%; 43:*#1 3" .31*%*:#1 :3+4,W&,+:,4C '*>,+ %;#% 3%;," 03"$4 30 .,"43+#1 :3$$&+*:#%*3+ B,", /,,$,/ %3 @, *+>31&+%#"(7 =;*4 ;#4 :;#+',/

/"#4%*:#11( *+ ",:,+% (,#"4C #+/ .,"03"$#%*>, ."#:%*:, /3,4 +3% 3+1( %#E,

."*3"*%( *+ >,"@#1 :3$$&+*:#%*3+ @&% #143 *+ ',4%&",C #..,#"#+:,C ,%:7

!3,4 %;*4 $,#+ %;#% B, :#+ +3B 4.,#E 30 @3/( 1#+'&#',C 30 *$#',4 1#+?

'&#', #+/ # 1#+'&#', 30 ";(%;$4C %3+,4C ,%:7 :#.#@1, 30 /,>,13.*+' %;,

4#$, 0&+:%*3+4 #4 >,"@#1 1#+'&#',^ F, :3&1/ /*4:&44 %;, %,"$47 N+ #+(

:#4,C # :1,#" :3+4,W&,+:, ,$,"',4G >,"@#1 43:*#1 '#$,4 ;#>, @,,+ 3" #",

@,*+' ",.1#:,/ @( :3$.1,- .,"03"$#%*>, '#$,47 6+/ %;*4 ;#4 '*>,+ "*4, %3

%;, #""*>#1 30 # 4,"*,4 30 ."#:%*:,4 *+ B;*:; %;, .,"03"$#%*>, /*$,+4*3+ 30

1#+'&#', :#+ #143 @, ",:3'+*4,/ *+ .,"03"$#+:,4 30 #11 E*+/47

=;, B3"/ #+/ %;, @3/(

f,"03"$#%*>*%( #.."3#:;,4 %;, @3/( *+ # /*00,",+% $#++," %3 %;,#%"*:#1*%(7

=;,#%"*:#1*%( *4 %;, /3$#*+ 30 %;, $#4E7 f,"03"$#%*>*%( *4 %;, #:% 30 $#4E?*+'C %;, :3+4%#+% %"#+4*% 0"3$ 4*+:,"*%( %3 %;, $#4EC #+/ %;, $#4E %3 4*+?

:,"*%(7 =;*4 *4 /,4.*%, %;, 0#:% %;#% B, 1,#"+% $#+( (,#"4 #'3 %;#% 4*+:,"*?

%(C 1*E, +#E,/+,44C $#%%,"4 1*%%1, *+ *%4,10G %;#% +#E,/+,44 +3 13+'," $,#+4

1*@,"%( *+ %;, 4#$, B#( %;#% 4*+:,"*%( /3,4 +3% $,#+ %"&%;C 3" ,>,+ ;3+?

,4%(7

D3+,4%( *4 +3% *+ %;, @3/(C @&% *% *4 >,"( /*00*:&1% %3 @, ;3+,4% B*%;3&%

",:3'+*4*+' 3+,a4 3B+ @3/( #+/ %;#% 30 3%;,"47 f#&1 _#1o"( :#+ #44*4% @(

*+%"3/&:*+' # $#\3" 4;*0% *+ 3&" &+/,"4%#+/*+' 30 %;, @3/( @3%; *+ ",1#%*3+

%3 %;, .,"03"$#%*>, %&"+ #+/ *+ ",1#%*3+ %3 @"3#/,+*+' %;, :3+:,.% 30

/"#$#%&"'(7

_#1,"( 4.,#E4 30 %;",, @3/*,4G

pn( P3/(7 F, 4.,#E 30 *% %3 3%;,"4 #4 # %;*+' %;#% @,13+'4 %3 &4J @&%

03" &4 *% *4 +3% #1%3',%;," # %;*+'J #+/ @,13+'4 %3 &4 1,44 %;#+ B,

@,13+' %3 *%777 cde =;*4 %;*+' *4 03"$1,44G B, E+3B @( 4*';% 3+1( # 0,B$3@*1, .#"%4 %;#% :#+ @, @"3&';% B*%;*+ "#+', 30 %;, 4,,*+' >*4*3+ 30

%;, 4.#:, 30 %;*4 n(?P3/( cde

VS 2345 67 89+:;,<



p`&" 8,:3+/ P3/( *4 %;, 3+, 3%;,"4 4,, #+/ %;#% *4 $3", 3" 1,44

",>,#1,/ %3 &4 *+ %;, $*""3" 3" *+ .3"%"#*%47 N% *4 %;, 3+, B;*:; ;#4 #

03"$ #+/ B;*:; %;, #"%4 #..",;,+/J %;, 3+, 3+ B;*:; B, ;#+' 4%&00C3"+#$,+%4C #+/ #"$3&"7 N% *4 %;, 3+, j3>, 4,,4 3" 13+'4 %3 4,,C #+-?

*3&4 %3 %3&:; *%7 N% *4 *'+3"#+% 30 .#*+C E+3B*+' 3+1( %;, '"*$#:, 30

.#*+ cde

p=;*"/ P3/(C %;#% 1#:E4 &+*%( 3+1( *+ 3&" $*+/C 4*+:, B, 3+1( E+3B *%

0"3$ ;#>*+' /*>*/,/ *% #+/ :&% *% *+%3 .*,:,4 HN% *4 %;, @3/( 30 #+#%3?

$( 3" 4:*,+:,I7 H_#1o"(C RXSXG iXX?VUUI7

=;, 4,:3+/ @3/( *4 %;, @3/( 30 @#11,% #+/ :3+%,$.3"#"( /#+:, :3+:,*>,/#4 *$#',7 N% *4 #143 %;, @3/( 30 /"#$#%*: %;,#%",C 30 P",:;%*#+ %;,#%", 3"

:3+:,.%&#1 #:%*3+47

=;, 0*"4% @3/( *4 %;, 0,,1*+' @3/(C %;, @3/( 30 ,-.",44*3+*4% %;,#%", #+/

/#+:,C %;, %;,#%", 30 :"&,1%(C $3/,"+ /#+:,7

f34%$3/,"+ /#+:, 4&.,".34,/ %;, 0*"4% #+/ 4,:3+/ @3/( *+ *%4 ",4,#":;7

6+/ :3".3"#1 #"% ,-.13",/ %;, %;*"/ @3/( *+ ",1#%*3+ %3 %;, 0*"4% #+/ %;,

4,:3+/7

F;,", /3,4 3+, 4*%&#%, %;, 4,#":; 30 :3+%,$.3"#"( :",#%3"4^ A#+ B, :3+?

4*/," %;#% %;,( %,+/ %3B#"/4 %;, &%3.*#+ ,-.13"#%*3+ 30 # 03&"%; @3/(C %;,

",#1 @3/(C *$#'*+,/ @( _#1o"(^

=;, Q3&"%; P3/(C B;*:; N $*';% *+/*00,",+%1( :#11 %;, h,#1 P3/( 3" %;,

N$#'*+#"( P3/(7 KN :#11 Q3&"%; P3/( %;, &+E+3B#@1, 3@\,:% %;, E+3B1?

,/', 30 B;*:; B3&1/C #% # 4*+'1, 4%"3E,C ",431>, #11 %;34, ."3@1,$4C *%

@,*+' *$.1*:*% *+ %;,$7 H_#1o"(C RXSXG VURI7

f,";#.4 *% B3&1/ @, %33 #$@*%*3&4 %3 %"( %3 ",431>, %;, ."3@1,$ 30 %;, 03&"%;

@3/( %;"3&'; /#+:, 3" %;, 4%#',7 `" $#(@, +3%7

F;#% /3,4 #..,#" :,"%#*+ *4 %;#% +3+, 30 %;, %;",, .",>*3&4 @3/*,4

",4.3+/4 3+ *%4 3B+C +3% ,>,+ *+ *%4 4&.,".34*%*3+ *+ .#*"4C %3 %;, :3+%,$?

.3"#"( ,-.,"*,+:, 30 %;, @3/(C 4&:; #4 =3(3 N%3a4 ;3&4,C :"*44?:"344,/ @(# $&1%*.1*:*%( 30 %"#+4>,"4#1 :3++,:%*3+4 #4 B,11 #4 :3++,:%*3+4 B*%; %;,

3&%4*/,7

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ VX



P( :3+%"#4% B*%; %;, @3/(?*$#',C %;, @3/(?0,,1*+' #+/ %;, 3"'#+*: @3/(C %;,

:3+%,$.3"#"( @3/( *4 # 1*+'&*4%*: @3/(7 6+/ %;*4 ,-.,"*,+:, 30 %;, 1*+'&*4%*:

@3/(C 4&:; %;3&';%4 3+ %;, 1*+'&*4%*: @3/(C @"*+' &4 "*';% @#:E %3 %;, :,+%"#1.3*+% 30 3&" 4,$*+#"C %3 %;, ."3@1,$ 30 /"#$#%&"'( #+ %;#% 30 %;, ",1#%*3+?

4;*. @,%B,,+ @3/( #+/ B"*%*+'7 F3&1/ %;, */,# 30 # 1*+'&*4%*: @3/( ,+/ %;,

%"#/*%*3+#1 :3+01*:% @,%B,,+ @3/( #+/ B"*%*+'C %;, 43$,%*$,4 "#/*:#1 1#:E 30

&+/,"4%#+/*+' @,%B,,+ %;,4, %B3 /*$,+4*3+4 30 3&" */,+%*%( #+/ 3&" :3$?

$&+*:#%*3+^ Z-.,"*,+:, 4;3B4 &4 3%;,"B*4,C %;#% %;, :3+01*:% :3+%*+&,4 %3

,-*4%7 f,";#.4 @,:#&4, B, #", +3% .34*+' %;, W&,4%*3+ *+ %;, "*';% B#(C .,"?

;#.4 @,:#&4, B, #", /,%,"$*+,/ %;#% %;, :3+01*:% ,-*4%47

=;,", *4 # +3%#@1, /*00,",+:, *+ ",0,""*+' %3 # 1*+'&*4%*: @3/(C @,:#&4, 1#+?

'&#', *+;,",+%1( *$.1*,4 :311,:%*>*%( H3" "#%;,"C :3++,:%*>*%(I7 6+/ %;, :3+?

:,.% 30 :311,:%*>*%( %;#% /,"*>,4 0"3$ %;*4 */,# 30 1*+'&*4%*: @3/( *4 >,"( /*0?

0,",+% %3 3%;," 03"$4 30 :311,:%*>*%( 30 %;, @3/( %;"3&'; "#:,C :3+4%*%&%*3+

3" %;, .#"%*:*.#%*3+ *+ $#44*>, 3" '"3&. :3".3"#1 ,>,+%47 =;#% *4C *% *4 +3%

",1#%,/ %3 %;, 3"'#+*:C +3" %;, .;(4*:#1C @&% %3 %;, *+:3".3"#%*3+ 30 # 1#+?

'&#', %;#% *4 @( /,0*+*%*3+ :311,:%*>, #+/ :3++,:%*>,7

=;*4 *$.1*,4 %;#% 3&" .,":,.%*3+ 30 %;, @3/( ;#4 $3/*0*,/C ,-.#+/,/ #+/3+, $*';% ,>,+ 4#( %;#% *% ;#4 4;*0%,/7 A3+%"#"( %3 B;#% 3::&"4 B*%; %;,

*$#', 30 %;, @3/(C *% *4 +3% +,:,44#"( %3 :3$, 3&% 30 %;, @3/( %3 &+/,"?

4%#+/ 3" ",01,:% 3+ 3&" :3+/*%*3+ #4 1*+'&*4%*: #+*$#147 g,>,"%;,1,44C %;*4

",01,:%*3+ *$.1*,4 # /*4%#+:, *+ *$$#+,+:,7 N% *4 B;#% B, :#+ #00*"$ #4 %;,

,-.,"*,+:, 30 %;, /,%#:;,/ @3/( *+ :3+%"#4% %3 %;, 0,,1*+' @3/( 3" %;, @3/(

*$#', %;#% %"#/*%*3+#11( 0&+:%*3+,/ *+ /#+:, #+/C @( ,-%,+4*3+C 3+ %;,

4%#',7

N+ %;*4 4#$, :3+%,-% *% *4 >,"( *+%,",4%*+' %3 /,#1 B*%; %;, +,B 3"#1 ."#:?

%*:,4 *+ %;, :3+%,$.3"#"( 4%#', #+/ ,4.,:*#11( *+ %;, 0*,1/ 30 /#+:,7 `"#1

:3$$&+*:#%*3+ B#4 %;, $,/*#%*3+ .3*+% @,%B,,+ :3".3"#1*%( #+/ #@4%"#:?

%*3+C %;, 134% $*/?.3*+% *+ %;, 4;*0% 0"3$ 83:"#%*: %3 f1#%3+*: /*#13'&,C @&%

#143 %;#% #@#+/3+,/ 4.;,", *+ %;, 4;*0% %3 B"*%*+' %;#% 3::&"4 *+ #+( #

."3:,44 30 #:W&*"*+' 1*%,"#:(7

2&4% #4 %;, @3/( ;#4 @,,+ /*4:3>,"*+' *%4 $,/*#%*3+4 #+/ ;#4 /,%#:;,/

*%4,10C 43 %33 ;#4 %;, >3*:, 3+ 4%#', &+/,"'3+, # 4*$*1#" ."3:,447 N+ %;,4;3B4 30 .",4,+%?/#( :;3",3'"#.;,"4 B, ",:3'+*4, #+ #%%,+%*3+ %3 3"#1*%(C

@"*+'*+' %;, >3*:, @#:E %3 %;, 4%#',C +3%C ;3B,>,"C *+ %;, 03"$ 30 #+ 3"'#+?

YU 2345 67 89+:;,<



*: >3*:,C @&% *+ /*00,",+% %",#%$,+%4 30 # $,/*#%,/ >3*:,C 30 # $,/*#%,/

3"#1*%(7

F;,+ %;, >3*:, @,:#$, # 03:&4 30 #%%,+%*3+ 0"3$ %;, 4,>,+%*,4 3+B#"/C

@3%; *+ 4:,+*: ."#:%*:, #+/ *+ #,4%;,%*: #+/ $,/*#%*3+ %;,3"(C %;,", B#4 #

%,+/,+:( %3 4%",44 %;, $#%,"*#1 /*$,+4*3+ 30 %;, >3*:,C *%4 .",?,-*4%,+:, %3

B3"/4C *%4 #&%3+3$( 0"3$ B3"/47 =;, /*00,",+:, @,%B,,+ >3*:, #+/ 1#+?

'&#', B#4 ,$.;#4*4,/7 =;, /*4:3>,"( 30 %;, >3*:, B#4 .#"#11,1 %3 %;#% 30

%;, @3/(C ;,+:, %;, .344*@*1*%( 30 4;3B4 @#4,/ 3+ >3*:, @&% 1*@,"#%,/ 0"3$

%;, B"*%%,+ B3"/7 n*:;,1 A;*3+a4 %;3&';%4 3+ %;, >3*:, 4%*11 @,#" B*%+,44 %3

%;#% /*4:3>,"(C %;, #443:*#%*3+ 30 %;, >3*:, B*%; %;, 3"'#+*:C B*%; %;, $3%;?

,"C ;," #11?,$@"#:*+'C *$$,/*#%,C :#.#:*%( HA;*3+C RXSTI7

g,>,"%;,1,44C %;, ",%&"+ 30 3"#1*%( *4 +3% 43 *$.3"%#+% *+ %,"$4 30 %;, /*4?

:3>,"( 30 %;, 3"'#+*:C @&% "#%;," 03" *%4 ",:3>,"( 30 # 01&*/*%( %;#% H",/,0*+?

*+' =&"+,"a4 %,"$I B, :3&1/ #143 :3+4*/," #4 1*$*+#17 =;*4 :;#+', 30 03:&4

B, :#+ ,-.,"*,+:, *+ ",#/*+' %;, B3"E4 30 23(:, #+/ A3"%9<#"C *+ :3+%"#4%

B*%; %;, %,-%4 30 8#$&,1 P,:E,%% #+/ n#"'&,"*%, !&"#47 23(:, $#E,4 n311(

P133$ 431*13W&*<, *+ #+ #%%,$.% %3 %"#+41#%, /*",:%1( 0"3$ %;, 3"#1 %3 %;,

B"*%%,+C @&% ;, #113B4 ;*$4,10 %3 @, :#""*,/ #B#( @( ;*4 $#%,"*#1*4%C $#%,?"*#1*4*+' .#44*3+ #+/ ;*4 $3+313'&, ",$#*+4 #+ ,$*+,+%1( 1*%,"#"( ,-,"?

:*4,7

83$,%;*+' W&*%, /*00,",+% 3::&"4 *+ %;, B3"E 30 P,:E,%% #+/ !&"#47

D#+/O,(, %,+4*3+ .,"$,#%,4 #11 30 P,:E,%%a4 B3"E #+/ #1$34% @,:3$,4 #

%;,$, *+ *%4,10 *+ ;*4 0#$3&4 S!0;J +,>,"%;,1,44C *% *4 *+ %;, >3*:, %;#% 3+,

,+:3&+%,"4 %;, .31,4 30 %,+4*3+ HB"*%*+'?",#/*+' O @3/(?1#+'&#',I %3 ."3?

/&:, # ",>,1#%*3+ #4 ,.;,$,"#1 #4 #+ ,-:1#$#%*3+ H8#+:;,<C TUU]G R]R?

TUiI7 !&"#4 ",43"%4 %3 %;, >3*:, %3 B"*%, ;," 43?:#11,/ g,B g3>,147 6+/ %;*4

,-,":*4, %"#+41#%,4 @"*11*#+%1( 3>," %3 ;," 0*1$4C *+ B;*:; %;, /*4#443:*#%*3+

30 @3/( *$#',4 #+/ >3*:,4 :",#%, /*4:3+:,"%*+' /"#$#%*: 1#+/4:#.,4G @3/?

*,4 :3+>,"%,/ *+%3 ';34%4 #", '*>,+ ,-%,"+#1 3&%?30?4(+: >3*:,4 %;#% #",

0"3<,+C 3" /*4\&+:%*>,C #+/ ",$#*+ *+ #+ 300?4:",,+ 4.#:,7

N>#+# nq11," %33E &. 43$, 30 %;,4, 4#$, 4%"#%,'*,4 30 ",.",4,+%#%*3+ *+

;," ",:,+% :;3",3'"#.;*: .*,:,4G B(!0$ T$ -+$ (&03!"> !% %&>$%($+ HTUUlI 3"

*0-2!"> 1",$;50$ ->-!" -"3 ->-!" HTUUXI7 n3>,$,+% *4 4&@4%*%&%,/ @(B3"/4 *+ $3>,$,+%7 =;, B3"/4 :",#%, %;, *$#',47 =;, #:%3"4a 3+1( $3>,?

$,+% *4 %;#% 30 %;,*" >3*:,47 P&% #% # '*>,+ $3$,+% %;, >3*:,4 #", %"#+4?

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ YR



0,"",/ %3 3%;," @3/*,4C 3"#1*%( *4 +3 13+'," %;, /*$,+4*3+ $,/*#%*+'

@,%B,,+ @3/( #+/ B3"/C 3" *0 *% *4C *% :#+ 3::&" *+ #@4,+%*# 3" *+ %3%#1

/,%#:;$,+% 0"3$ %;, 3"'#+*:7

=;*4 */,# 30 /,%#:;$,+%C 30 %;, /,%#:;,/ @3/( %;#% ",+3&+:,4 :;3",3?

'"#.;*: $3>,$,+% *+ 0#>3&" 30 %;, B3"/C @&% B;*:; ."3.34,4 #+ ,W&#11(

/,%#:;,/ B3"/C *4 #143 %3 @, 03&+/ *+ %;, B3"E 30 2&#+ !3$m+'&,<7 6+/"5

j,.,:E* #+#1(4,/ :00 U&&3 /=!$, -+$ V2 :>$ HTUUTI ",%"*,>*+' 43$, 03&+?

/#%*3+#1 RlA #+/ R]A %,-%4C #4 ,-#$.1,4 30 :;3",3'"#.;( #4 4:"*.%47 =;*4

.*,:, B#4 *+ # 4,+4, %3 ",.",4,+% # ",%&"+ %3 %;, 3"*'*+4C # 43"% 30 *$.13?

4*3+ 30 :;3",3'"#.;( %;#% B#4 %3 4*%&#%, &4 *+ #+3%;," %;",4;31/C *+ #+3%;?

," 1*$,+ Hj,.,:E*C TUUlG YY?YX #+/ l]?]iI7

61%3',%;," 4*$.1*0*,/C %;, W&,4%*3+ B3&1/ @, ;3B %3 :3+:,*>, 30 :;3",3'?

"#.;( 0"3$ %;, .,"4.,:%*>, 30 3"#1*%( #+/ +3% 0"3$ # 4:"*.% 3" 0"3$ # B"*%?

%,+ :3/,^ D3B %;,+ *4 %;#% /"#$#%&"'( 30 %;, /#+:, %;#% *4 +3% *$$,/*?

#%,1( :3+/*%*3+,/ @( %;, *$#', 30 %;, @3/(C @( %;, @,#% 30 %;, $&4*:C 3" %;,

B"*%%,+ :3/,C @&% ,-:1&4*>,1( @( # 1*+'&*4%*: @3/( B;*:; *4 #143 1*+'&*4%*:

>3*:, H:311,:%*>,? :3++,:%*>,I #+/ ;#4 %;, :#.#:*%( %3 /,%#:; *%4,10 0"3$

*%4,10 #4 B,11 #4 0"3$ *%4 3B+ >3*:,^

F, :#+ /,%,:% %;*4 W&,4%*3+ 30 /,%#:;$,+% +3% 3+1( *+ /#+:,C @&% #4 *%

#00,:%4 H3" /*4#00,:%4I .,"03"$#+:, #"%*4%4 #+/ *+ .#"%*:&1#" %;34, B;3 ;#>,

B3"E,/ *+ %;, %;,#%",7

Q"3$ %;*4 4%#+/.3*+% B, :#+ :3+4*/,"C 03" ,-#$.1,C Q3":,/ Z+%,"%#*+$,+%a4

1#%,4% B3"EC P&!3 /%&+2 HTUUSI7 =;, #:%3"4C 1*E, 2&#+ !3$m+'&,<C .,"$#?

+,+%1( 4,#%,/ #% # %#@1,C 1*E, %;34, 30 N>#+# n&11,"C *$$3@*1, #% # .3*+% 3+

%;, 4%#',C '*>*+' >3*:, %3 # :"#<( 4%3"( %;#% &+031/4 1*E, # E*+/ 30 *11&4%"#%?

,/ +3>,1 *+ :3+4%#+%1( :;#+'*+' *$#',4 3+ # 4:",,+7

g#""#%*>,

6+/ 3&" :3+4*/,"#%*3+ 30 %;*4 .#"%*:&1#" .*,:, #143 .",4,+%4 &4 B*%; %;,

W&,4%*3+ 30 +#""#%*3+ 3" %;, 4%3"(7 N+/,,/C P&!3 /%&+2 C #4 *%4 +#$, 4&'',4%4C

%,114 # 4%3"(C %;, 4%3"( 30 # :3&.1, B;3 ',% ,$@"3*1,/ *+ # B;31, 4,"*,4 30 #/>,+%&",4 #+/ $*4#/>,+%&",4 30 %;, &"@#+ +*';%C # "311,":3#4%," 30 # %#1,

30 $*403"%&+,4C %;",#%4C $3+4%"34*%*,4C %;#% ",$*+/ &4 30 %;, .",?$3/,"+

YT 2345 67 89+:;,<



+#""#%*>, 30 n#"W&*4 /, 8#/,7 P&% %;*4 *4 #+ K,$.%(M 4%3"(7 6+/ B;3,>,"

%"*,4 %3 0*+/ #+( 4,+4, %3 %;, B3"E @( 4&$$#"*4*+' %;, %#1, *4 /33$,/ %3

0"&4%"#%*3+7 P,:#&4, 4,+4, *4 +3% B;#% 3+, 0*+/4 B;,+ %,11*+' %;, 4%3"(7 83B;#% *4 %;, 0&+:%*3+ 30 %;, %#1,^ 6+/ #% %;, 4#$, %*$, B;( %;*4 ",%&"+ %3

K>3*/M 4%3"*,4^

611 %;, >3*:,4 N ",0,"",/ %3 ,#"1*," %,11 &4 4%3"*,47 83$, #", ",#1 #+/ 3%;,"4

*$#'*+#"(7 =;,", #", #143 4%3"*,4 30 %;, *$#'*+#%*3+ H%;, 4%3"( 30 ;*4 3B+

#"%*4%*: ."3:,44 *+ %;, .*,:, @( 2&#+ !3$*+'&,<I7 6+/ *$#'*+#"( 4%3"*,4

%;#% 4.,#E 30 ",#1 ,-.,"*,+:,4 H4&:; #4 %;34, *+ %;, .*,:, @( =*$ Z%:;,114I7

=;, +,,/ %3 %,11 4%3"*4 #1B#(4 ,-*4%,/C @&% "*';% %;#% +,,/ 4,,$4 %3 .",>#*1

&"',+%1(7 `0 :3&"4,C %;,4, 4%3"*,4 /3 +3% ;#>, %;, 4#$, 4%"&:%&", 3" %;,

4#$, #4.*"#%*3+4 #4 %;, %#1,4 30 %;, .#4%7 =;, :3+4%"&:%*3+ 30 %;,4, 4%3"*,4

*4 +3% *+4.*",/ @( $*$,%*:C $&:; 1,44 $(%;*:#1C #*$4C @&% @( #+ *+%,+%*3+?

#1*%( 30 */,+%*%(C *+ #//*%*3+ %3 %;, .&", .,"03"$#%*>, #:%*>*%( 30 %;, .,"43+

4%#+/*+' &. *+ 0"3+% 30 3%;,"4 %3 %,11 # %#1, 3" # ;&+/",/ *+%,"1*+E,/ 4%3?

"*,47

6 4%3"( *4 %;#% 0*:%*3+#1 /,>,13.$,+% B;*:; '*>,4 $,#+*+' %3 #+ #::&$&?1#%*3+ 30 $#%,"*#1 3" :3+:",%, /,,/47 ="#/*%*3+#11( B, *+>,+% 0#@1,4 %3 0*+/

# $,#+*+' %3 ,>,+%4 ,-.,"*,+:,/ #4 :;#3%*: 3" &+:3++,:%,/7 n#+E*+/ ;#4

&4,/ +#""#%*>, %3 3>,":3$, %;, 1,>,1 30 $#%,"*#1*4$ 3" +3% %3 '*>, *+C 3>,"?

B;,1$,/ @( *%4 #@4&"/*%( 3" 4*1,+:,7 =*$ Z%:;,114 *+ P&!3 /%&+2 3" A&W&*

2,",< *+ '($ 8+&76!, +$0&-3$3 ",>,"4, %;*4 0&+:%*3+ 30 4%3"(?%,11*+'C

03:&44*+' "#%;," 3+ %;, #@4&"/*%( 30 %;, 4%3"( @( ,$.;#4*4*+' %;, :"#<(

4&::,44*3+ 3" %;, :#4&#1 4&.,".34*%*3+ 30 ,>,+%47

N+ ;*4 :1#44*: %,-% 3+ %;, 4&@\,:%C '$;=, $% NW8!% H=*$, #+/ g#""#%*>,IC f#&1

h*:3,&" :1#*$,/ %;#% +#""#%*>, *4 B;#% $#E,4 %*$, ;&$#+7 F;#% /3,4

K$#E*+' %*$, ;&$#+ $,#+M *0 *% *4 +3% 13#/*+' B*%; 0*:%*3+ #+/ ;2%( %;,

*"",>,"4*@1, 4&::,44*3+ 30 *+4%#+%4^ g#""#%*>, *4 %;, %331 %;#% #113B4 &4 %3

@, /*4%*+'&*4;,/ #4 1*>*+' 4&@\,:%47 P&% #% %;, 4#$, %*$, *% :3+>,"%4 &4 *+%3

%;, :;#"#:%,"4 30 # 0*:%*3+#1 %#1, %;#% B, #::,.% #+/ *+ #//*%*3+ %;#% B, 3&"?

4,1>,4 :3+4%"&:%7 =;, #44&$.%*3+ 30 %;, 0*:%*3+#1 %#1, *+;,",+% *+ ,>,"(

.13%C *+ ,>,"( ."3:,44 30 4%3"(?%,11*+'C 30 @&*1/*+' .13%4 3" #"'&$,+%4C ,>,+

*+ %,11*+' #+ ,00,:%*>, 4%3"(C B*11 *$.,/, &4 03",>," 0"3$ E+3B*+' # +,&%"#1",#1*%(7 Z>,+ %;, ",#1*%( %;#% B, #", *0 43$,3+, 0"3$ 3&%4*/, B,", %3 133E

*+ #% &47

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ Yi



f#"#/3-*:#11(C %;*4 4%3"(?%,11*+' #:%*>*%( ;#4 @,,+ &4,/ +3% 3+1( %3 '*>,

4,+4, %3 *+/*>*/&#1 %"#\,:%3"*,4C %3 @*3'"#.;*:#1 %"#\,:%3"*,4 3" E,( ,-.,"*?

,+:,4 *+ 3&" 1*>,47 N% ;#4 @,,+ ."*$#"*1( &4,/ %3 '*>, $,#+*+' %3 :311,:%*>,",#1*%(C #+/ ,4.,:*#11( %3 '*>, $,#+*+' %3 # ;*4%3"*: ",#1*%( %;#% # '*>,+

43:*#1 ",#1*%( @3%; :3+4%"&:%4 #+/ \&4%*0*,47

=;, 4&..",44*3+ 30 %;, %"#+4:,+/,+%#1 @#4,4 30 ",#1*%( *+ $3/,"+ %*$,4

#::,+%&#%,/ %;, ."3%#'3+*4$ 30 %#1,4 #4 %;, :3+4%"&:%3"4C +3% 3+1( 30 */,+?

%*%(C @&% #143 30 ",#1*%(7 g,>,"%;,1,44C @&*1/*+' *4 +3% # $#%%," 30 4*$.1(

&+*%*+' ,1,$,+%4C *% #143 *$.1*,4 "&1*+' 3&% 3%;," ,1,$,+%4C #+/ ,>,"( :3+?

4%"&:%*3+ *$.1*,4 # ."3:,44 30 4,1,:%*3+C 30 #""#+',$,+% #+/ 30 ",\,:%*3+7

83 *+ %;, :3+4%"&:%*3+ 30 # :3$$&+*%#"*#+ ",#1*%(C %;, ",#1*%( :#11,/ :*%( 3"%;, ",#1*%( :#11,/ 8%#%,C +&$,"3&4 ,1,$,+%4 #", ",\,:%,/C .&4;,/ #4*/,C

4*1,+:,/7 Q3" *0 #11 %;, ,1,$,+%4 B,", %3 @, *+:1&/,/ *% B3&1/ @,:3$,

*$.344*@1, %3 ."3/&:, # :3;,",+% 3" 1,'*@1, +#""#%*>,7

=;&4 #"34, .34%$3/,"+ :"*%*:*4$ 30 $#\3" +#""#%*>, #+/ %;, .",0,",+:, 03"

4$#11 +#""#%*>,4 #4 .&% 03"B#"/ @( j(3%#"/7 D3B,>," .34%$3/,"+ :"*%*:*4$

30 %;, $#\3" +#""#%*>, B3"E4 *4 03:&4,/ $#*+1( 3+ 4:*,+%*0*: #+/ .31*%*:#1

+#""#%*>,C #+/ 3+ 1*%,"#"( +#""#%*>, %3 # $&:; 1,44," ,-%,+%7 N+ 0#:% %;,

3.%*3+ 03" 4$#11 +#""#%*>,4 /3,4 +3 $3", %;#+ #'#*+ /3$*+#%, #+/ @"*+'

%3 %;, 03", # %,+4*3+ %;#% ;#4 #1B#(4 @,,+ .",4,+% *+ %;, :&1%&", 30 %;, 1#4%

:,+%&"*,47 6+/ 43 *% B#4 %;#% $3/,"+*4$ :3+4%"&:%,/ %;, +#""#%*>, 30 ",#?

43+C 30 ."3'",44C 30 1*@,"%( #+/ 30 431*/#"*%(C B;*1, #% %;, 4#$, %*$, :3+?

4%"&:%*+' *%4 #+%*?+#""#%*>,7 F, :#+ >*,B %;, ;*4%3"( 30 $3/,"+ F,4%,"+ 1*%?

,"#%&", #4 # .,"$#+,+% :3+4%"&:%*3+ #+/ /,4%"&:%*3+ 30 %;, +#""#%*>,7

N+/,,/C %;, '",#%,4% $3+&$,+%4 30 1*%,"#"( $3/,"+*4$ #", 4,10?/,4%"&:%*+'

%#1,4G A;,E;3>a4 '($ X($++2 U-+3$"C 2#$,4 23(:,a4 Y02,,$, C P,:E,%%a4

1"3>-;$ 3" A3"%9<#"a4 N-26$0- 7

N+ #11 30 %;,4,C %;, .3B," 30 %;, 0#@1, #..,#"4 %3 @, :3&+%,"@#1#+:,/ @( #

$,%#?1*%,"#"( ",4*4%#+:,C */,313'*:#1 *+ :;#"#:%," %;#% /*4431>,4 *%4 :3+?

4%*%&,+% ,1,$,+%4 ",/&:*+' %;,$ %3 B3"/4C ";(%;$4C *$#',4 3" :3+:,.%47

`@>*3&41( $3/,"+*4$ ."3/&:,/ '",#% 0#@1,4C @&% %;,( #", 0#@1,4 B*%;3&% #

."3\,:%G B, %;*+E 30 %;, 31/ 0#@1,4 30 r#0E#C %;, *11&4%"#%,/ 0#@1,4 30 N%#13

A#1>*+3C 3" %;, @*%%," 0#@1,4 30 A3,%<,,7 F;,+ 0#@1,4 %#E, 3+ %;, #4.*"#%*3+4

30 # ."3\,:%C %;,( @,:3$, #1$34% *+%31,"#@1,G *% *4 B;#% ;#..,+4 B*%; %;,

%;,#%", 30 P,"%31% P",:;%J ."3@#@1( %;, $34% *$.3"%#+% 4%#', :",#%3" 30 %;,0*"4% ;#10 30 %;, %B,+%*,%; :,+%&"(C @&% #143 %;, #&%;3" 30 %;, $34% &+@,#"?

#@1, /*/#:%*:*4$7

YV 2345 67 89+:;,<



P",:;% ;#4 @,,+ &4,/ #'#*+ #+/ #'#*+ %3 ",>*+/*:#%, ",#1*4$ #+/ %;, 43:*#1

:#&4, #4 # ",#:%*3+ #'#*+4% +#":*44*4$ #+/ 431*.4*4$C /,"*>,/ 0"3$ #+ #+%*?

43:*#1 "#/*:#1*4#%*3+ 30 %;, ."#:%*:, 30 %;, $*:"3?+#""#%*>,7 D3B,>,"C P",:;%B#4 :3+4:*3&4 *+ ;*4 $34% 1&:*/ .;#4, %;#% +#""#%*>, =$+ ,$ /3,4 +3% :3+?

4%"&:% ",#1*%(C %;#% ",#1*%( *4 :3+4%"&:%,/ &.3+ #'",,$,+%7

6:%&#11(C #'",,$,+% *4 %;, 3%;," $,/*&$ 03" %;, :3+4%"&:%*3+ 30 ",#1*%(C

,W&#11( #::,+%&#%,/ *+ %;, $3/,"+ ,"#7 6'",,$,+% *+ %;, 03"$ 30 43:*#1

:3+%"#:%C 3" #'",,$,+% *+ %;, +,'#%*>, 03"$ 30 %31,"#+:, #+/ ",4.,:% 03"

3%;,"47 ="#/*%*3+#11( +#""#%*>, 4,">,/ %3 :3+4%"&:% */,313'*:#1 ",#1*%(7

6'",,$,+% ;#4 4,">,/ %3 :3+4%"&:% # ."#'$#%*: ",#1*%(7 P3%; :#%,'3"*,4 #",

>,"( .",4,+% *+ 4%#', ."#:%*:,7 D3B,>,"C B;#% %"#+403"$#%*3+4 ",4&1% 0"3$

%;, ",:3'+*%*3+ 30 %;, *+;,",+% 0*:%*3+ *+ +#""#%*>, *+ %;, :3+4%"&:%*3+ 30

",#1*%( #+/ #% %;, 4#$, %*$, 30 %;, ."3>*4*3+#1C &+4%#@1, #+/ %"#+4:,+/,+?

%#11( &+03&+/,/ :3+/*%*3+ 30 #+( #'",,$,+% @,%B,,+ ;&$#+ @,*+'4^

=;, %,+4*3+ @,%B,,+ %;34, %B3 ,1,$,+%4 30 %;, :3+4%"&:%*3+ 30 ",#1*%(

.1#:,4 &4 #1$34% *+ # :*":&1#" @#1#+:,O,W&*1*@"*&$G %;, +#""#%*>, :",#%,4 #+

*/,+%*%( %;#% .,"$*%4 %;, $,,%*+' .3*+% 0"3$ B;*:; # .3%,+%*#1 #'",,$,+%

/,"*>,4C #+/ %;, #'",,$,+% *4 %;, :3+/*%*3+ 03" %;, :3+4%"&:%*3+ 30 # +#"?"#%*>,7 g#""#%*>, #+/ #'",,$,+% #1%,"+#%,C #", #//,/ %3',%;," #+/ :3+/*?

%*3+ 3+, #+3%;," *+ %;, ."3/&:%*3+ 30 ",#1*%( #+/ *+ %;, ."3/&:%*3+ 30 0*:?

%*3+ @3%; *+ 43:*,%( #+/ *+ :3+%,$.3"#"( :&1%&",7

=;, %,-%4 30 n#"*3 P,11#%*+ :3+4%*%&%, #+ #+4B," *+ %;,$4,1>,47 6+3%;," E*+/

30 #+4B," *4 %;#% ."3>*/,/ @( 43$, ",:,+% ,-.,"*,+:,4 30 :311,:%*>, B"*%*+'C

B;*:; ;#>, .*+.3*+%,/ *+ #+ #1$34% *$.134*>, B#( %;*4 :*":&1#"*%( *+ %;, ",1#?

%*3+4;*. @,%B,,+ +#""#%*>, #+/ #'",,$,+%7 =;, @,4% E+3B+ B#4 *+*%*#%,/ @( #

'"3&. 30 K#"%*4%4C #:%*>*4%4 #+/ \3E,"4M B;3 :#11,/ %;,$4,1>,4 j&%;," P1*44,%C

%;, ',"$ B;*:; '#>, @*"%; %3 F& n*+' #0%," TUUUC # :311,:%*>, 3" /*4.,"4,

#&%;3"C # $&1%*.1,?&4, +#$, 03" # '"3&. B;*:; ;#4 4*+:, %;,+ ."3/&:,/

+&$,"3&4 +#""#%*>, B3"E4C ,#4*1( #::,44,/ 3+ %;, *+%,"+,%C @&% #143 %"#+41#%?

,/ #+/ .&@1*4;,/ *+ .#.," *+ 4,>,"#1 1#+'&#',4C *+:1&/*+' 8.#+*4;7

=;, B#( 3&% 0"3$ %;, .#"#1(4*4 %;#% +#""#%*>, ;#4 4&00,",/ *+ .34%$3/,"+

%*$,4 :3$,4 #% %;, ;#+/ 30 # :&1%&"#1 #:%*>*4$ %;#% 0*+/4 *+ 4%3"(?%,11*+' #

03"$ 30 ",4*4%#+:, #'#*+4% %;, *$.34*%*3+ 30 $(%;4 0#@"*:#%,/ *+ ;,',?$3+*: *+/&4%"*,47 N+ ;*4 ",01,:%*3+ 3+ %;, '"3&. ."3\,:%C h,*+#1/3 j#/#''#

."3.34,4G

!"#$#%&"'( *+ #+ ,-.#+/,/ 0*,1/ YY



N%a4 # W&,4%*3+ 30 :3+%*+&*+' %3 %,11 4%3"*,4G *%a4 # W&,4%*3+ 30 .",>,+%?

*+' 4%3"*,4 %;#% ;#>, @,,+ %31/ 0"3$ @,*+' .",4,+%,/ #4 %,"$*+#1

03"$47 N%a4 # W&,4%*3+ 30 :3$.34*+' B,@4 30 4%3"*,4 %;#% +,>,"%;,1,44#", .",4,+%,/ #4 K1*+,4M 3" K%"#:,4M HP"&:, A;#%B*+a4 ,-.",44*3+I7 N%a4

# W&,4%*3+ 30 %,11*+' 4%3"*,4 %;#% :#+ $#*+%#*+ # :3$$&+*%( *+ $3>,?

$,+% #+/ %;#% :#++3% @, 1,% '3 307 Hj#//#'# TUUlG TR]I7

N+ %;, B3"1/ 30 :*+,$# %;*4 ",:3>,"( 30 4%3"*,4 *4 ,>*/,+% *+ F#%E*+4a4 4-

X&;;6"$ HRXXXIC 23"/sa4 V&"C$2, 0!C$ Z$8C2 HRXXXI 3" 6.*:;#%.3+'

F,,"#4,%#E&1a4 V2,%$+!&6, &5[$8% -% "&&" HTUUUI7 N% *4 +3 $,", B;*$ %;,

0#:% %;#% *+ #11 %;",, %;, %;,#%", *4 &4,/ #4 # $,:;#+*4$ %3 ."3/&:, :3$?

$&+*%( #+/ %3 ."3/&:, +#""#%*>*%(7

N+ %;, %;,#%", ",#1$C %;, %,+4*3+ @,%B,,+ +#""#%*>, #+/ #'",,$,+% :#+ 0*+/

*%4 ,W&*>#1,+% *+ %;, %,+4*3+ @,%B,,+ #:%*3+ #+/ 4*%&#%*3+7 F, :3&1/ B"*%,

- (!,%&+2 30 :3+%,$.3"#"( .,"03"$*+' ."#:%*:,4 0"3$ %;, 4*-%*,4 0"3$ %;,

.,"4.,:%*>, 30 %;*4 %,+4*3+ @,%B,,+ #:%*3+ #+/ 4*%&#%*3+7 6+/ B, :3&1/

#143 :3+:,*>, /"#$#%&"'*:#1 #:%*3+ #4 # 03"$ 30 $,/*#%*3+ @,%B,,+ %;,$C

# ",*44&, 30 %;#% %,+4*3+ @,%B,,+ @3/( #+/ B"*%*+'C @,%B,,+ *$.&14, #+/

:3/, %;#% :;#"#:%,"*4,/ %;, #:%*>*%( 30 %;, /"#$#%&"', *+ #+:*,+% :1#44*?:*4$7 =;*4 B3&1/ @, # +,B B#( 30 #//",44*+' %;, /"#$#%&"'*:#1 W&,4%*3+7

6+/ *+/,,/ %;*4 ",01,:%*3+ .34,4 %;, W&,4%*3+ B*%; ",'#"/ %3 %;, ",1#%*3+?

4;*. @,%B,,+ %;, %B3 4.;,",4G #:%*3+?+#""#%*>, O 4*%&#%*3+?#'",,$,+%C @3%;

#% #+ #,4%;,%*: 1,>,1 #+/ *+ %;, 43:*#1 #+/ .31*%*:#1 4,+4,7 F;#% #", %;,

/(+#$*:4 %;#% #", 4,% *+ $3%*3+ *0 B, %;*+E 30 /"#$#%&"'*:#1 #:%*>*%( +3% *+

%;, ",#1$ 30 :134,/ 0*:%*3+C @&% *+ %;, ",#1$ 30 3.,+ 0*:%*3+C %;#% *4C *+ %;,

43:*#1 ",#1$ 3" *+ B;#% ;#4 @,,+ /,4:"*@,/ *+ %;, %*%1, #4 K#+ ,-.#+/,/

0*,1/M^

="#+41#%,/ @(G f,+,13., Z#/,47

P*@1*3'"#.;(G 8,, .#',777

Yl 2345 67 89+:;,<



!"# %&'() #'(# *)+,-. /&# #''&012 31 ,#*# /&# '&'45*1' 61 ,#'(+&0).

7)+51 8#66)(5.

95#+() :#; '# 1+%).5;< &.) =1.>#+#.=5) ,1.,# '# ?+#'#.(< &. ?+1>#'1+ /&#

?1+()@) &. '5.%&6)+ )?)+)(1 ,5,A=(5=1B C# (+)()@) ,# &. )+(#>)=(1 ?+#D&E

.5,1 ,# &.) ?).()66)F ) (+):G' ,# 6) =&)6 '# D1'(+)@) &.) #'?#=5# ,# ?#6-E

=&6) ,# 6) +#)65,),B H. &. 5.5=51 '# )?+#=5< #. #66) 6) ?)+(# >+1.()6 ,# 6)

5.'(5(&=5<. ,1.,# 61' )'5'(#.(#' .1' #.=1.(+A@)D1' +#&.5,1'B H6 ?+1>#'1+?)+#=-) '#+ )6%&5#. D)%.->5=1 /&# ?1'5@6#D#.(# ?+1?1.-)F =1. )/&#6

)?)+)(1F &. .&#:1 DG(1,1 ,# #.'#I).;)B J# ?+1.(1F 6) ?).()66) =1D#.;<

) D1'(+)+ 5DA%#.#'F >+)%D#.(1'F ,# 6) :5,) ,#6 #'=+5(1+ 7)+51 8#66)(5.F /&#

?+#=5')D#.(# #+) #6 (#D) /&# +#&.-) )6 ?K@65=1 #') .1=4#B "1 =&+51'1 >&#

/&# '# :#-) ) &. 8#66)(5. @)'().(# ).=5).1F =1D1 '5 4&@5#+) '#%&5,1

:5:5#.,1 ,#'?&G' ,# '& D&#+(#B H. ,#(#+D5.),1 D1D#.(1F '5#D?+# )

(+):G' ,#6 )?)+)(1F '# :5#+1. 6)' ?1+(),)' ,# (+#' 65@+1'L !"#"$ &'()"$ F

*"+,) -. /.++.0" 0 1+ 2"3-4) -. +" $.563" #73"8"#( B

7)+51 8#66)(5. =1D#.;< #. #'# 5.'().(# ) 4)@6)+B M?)+#=5< ,# ?+1.(1 )6 6),1

,# 6)' ?1+(),)' ,# 61' 65@+1'B J5*1 4)@#+ ,#(#=(),1F =)'5 ,#',# 61' 1+-%#.#'

,# '& 1>5=51F &.) 5./&5#(&, =1.'().(# ?1+ #'=+5@5+ '5. #'=+5@5+B H' ,#=5+F ?1+

+#')6()+ 61' :)=-1'F 6)' 1D5'51.#'F ).(#' /&# 6)' ?+#'#.=5)'B N&5;A ?1+ #'1

,#',# '&' ?+5D#+)' 1@+)' O6)' /&# #+) ?1'5@6# D5+)+ #. #'# D1D#.(1O

@&'=< D&=4)' :#=#' +#,)=()+6)' '5. .#=#'5,), ,# &(565;)+ 6) #'=+5(&+) #. #6

'#.(5,1 (+),5=51.)6F '5.1 =1D1 &. '5D?6# +#=&+'1 ?)+) #*#+=#+F ,# D).#+)

&. ().(1 4&#=)F #6 D#=).5'D1 ,# 6) =+#)=5<.B P1+ #'# D1(5:1F #. DA' ,#&.) 1?1+(&.5,), =1?5< '5. =#')+ 61' (#Q(1' /&# )?)+#=-). #. 61' >+)'=1' ,#

)65D#.(1' 1 ,# D#,5=5.)' /&# 4&@5#+) #. #') 1=)'5<. #. '& =)')B R)D@5G.



>+)%D#.(1' ,# 65@+1' ,# 1(+1' )&(1+#'B C# ,#,5=< ,&+).(# )6%K. (5#D?1 )

&.) '&#+(# ,# (+)@)*1 '<61 ,# (+)'=+5?=5<.B H*#+=5=51 /&# '#?)+) D&=4)'

:#=#' ) 6) #'=+5(&+) ,# '& '&?&#'() >&.=5<. 1+5%5.)6F 6) ,# (+).'D5(5+ 5,#)'B

7)+51 8#66)(5.F ) ?#')+ ,# 61 #'(&?#>)=(1 =1D1 '# D1'(+< )6 :#+61 =1. :5,)

#6 ?K@65=1 +#&.5,1 #. )/&#66) 1=)'5<.F '5%&5< '5. DA' =1. '& ,5'=&+'1B J5*1

/&# D&=4)' :#=#' 4)@-) =1.'()(),1F =)'5 =1. (#++1+F #6 =)+A=(#+ ?+1>G(5=1

,# )6%&.)' ,# '&' 1@+)'B C#I)6< /&# '# 4)@-) :5'(1 #.:&#6(1F /&5.=# 1

:#5.(# )I1' ,#'?&G' ,# 4)@#+6)' =1.=#@5,1F #. '5(&)=51.#' '5D56)+#' ) 6)'

/&# '# )?+#=5)@). #. '&' ?+10#=(1'B S#=1+,)@)F ?1+ #*#D?61F /&# =&).,1

'# +#)65;< #6 D1.()*# (#)(+)6 ,#6 (#Q(1 *"+,) -. /.++.0" F ?&@65=),1 :#5.(#

)I1' )(+A'F 6) #.>#+D#,), /&# 61 66#:< ) 6) D&#+(# )?)+#=5< #. #'#

D1D#.(1 #. '& =&#+?1 =1. &.) >&#+;) )++)'),1+)B J#',# =&).,1 6#

#.(+#%< 6) 1@+) )6 ,5+#=(1+ ,# (#)(+1 4)@-) ,#=5,5,1 .1 5.(#+:#.5+ #. #6

?+1=#'1 ,# =+#)=5<. ,# 6) ?&#'() #. #'=#.)B 91.>5< #6 (#Q(1 ) #') ?#+'1.)

=1. #6 >5. ,# /&# 6) 1@+) (#)(+)6 1@(&:5#+) &. +#'&6(),1 ?+1?51B H6 ,-) ,#6

#'(+#.1F #. D#,51 ,# 6) >&.=5<.F 7)+51 8#66)(5. =)0< #. &.) #'?#=5# ,#

GQ()'5'B 91D1 61 ?+1D#(5<F .1 4)@-) )'5'(5,1 ) .5.%&.1 ,# 61' #.')01'B

R1,1 #+) '1+?+#')B 91.'()(< #. #') 1=)'5<.F #.(+# 1(+1' )'&.(1'F /&# #+)

6) ?+5D#+) :#; #. '& :5,) #. 6) /&# ?1,-) 6##+'# ) '- D5'D1B H6 (#Q(1 4)@-)'5,1 +#'?#(),1 (1()6D#.(# ?#+1 '& #'(+&=(&+)F )6 '#+ =161=),) #. D1:5E

D5#.(1F >&# D1,5>5=),) ,# D).#+) +),5=)6B P1+ #') +);<.F 7)+51 8#66)(5. .1

=1.()@) #. #'# 5.'().(# =1. 6) +#(<+5=) /&# &(565;< ?)+) =1.'(+&5+ #. '&

D1D#.(1 6) 1@+)B 9)+#=-) ,# 6) #'(+&=(&+) =)?); ,# ')6:)+61 ,#6 #D@)(#

/&# 6# =)&')@) )?+#=5)+F #. '& :#+,),#+) ,5D#.'5<.F 61' (+);1' /&# G6

D5'D1 4)@-) #*#=&(),1B J#',# #6 5.5=51 61 (1D< &. #'(),1 =)'5 45?.<(5=1

D5#.(+)' '#.(-)F 65(#+)6D#.(#F '&' ?+1?5)' ?)6)@+)' 5.%+#').,1 ,# D).#+)

,5+#=() ?1+ '&' 1-,1'B !N&G =6)'# ,# #'?).(1 4) '5,1 =)?); ,# #6)@1+)+ &.)

1@+) '#D#*).(#2F .1' ,5*1 /&# +#>6#Q51.< #. #'# D1D#.(1B

C5. #D@)+%1F #. #6 )?)+#.(# &.5:#+'1 )@0#=(1 /&# '# +#?+#'#.()@) #.

#'=#.)F 7)+51 8#66)(5. =+#0< ,#'=&@+5+ &. #6#D#.(1 >&.,)D#.()6L 6)

?+#'#.=5) ().%#.(# ,# 6) +#)65,), :#+,),#+)B "1 /&# 5@) '&=#,5#.,1 #.

)/&#6 #'?)=51 )?)+#=-) =1. &.) 6&D5.1'5,), 0 (+)'=#.,#.=5) ,# 6) /&#

=)+#=-) 6) :5,) ,# (1,1' 61' ,-)'B M,:5+(5< #.(1.=#' /&# /&5;A &.) ,# 6)'

+);1.#' /&# 61 4)@-). 66#:),1 ) 6) #'=+5(&+) #+) 6) =1.'(+&==5<. ,# #'#

D&.,1 ?)+)6#61F )6 =&)6 ,#@-) ?#+(#.#=#+ #.(#+)D#.(# ?)+) 61%+)+ 6) #Q5'E(#.=5) ?6#.)B J)@) 6) 5D?+#'5<. ,# /&# D5#.(+)' DA' '<+,5,1 >&#'# 61

+#?+#'#.(),1F 6) +#)65,), @+566)'# ,# &.) D).#+) DA' 5.(#.')B 7)+51

TU 7)+51 8#66)(5.



8#66)(5. '# ,51 =&#.() #.(1.=#' ,# /&# #6 D#=).5'D1 /&# '&'(#.()@) '&

#'=+5(&+) 4)@-) =1.'5'(5,1 /&5;A #. =161=)+ &. &.5:#+'1 (#++5@6# ?1+

,#6).(#F =1D1 &.) '&#+(# ,# ?+1(#==5<. =1.(+) #6 41++1+ /&# #'# D5'D1D&.,1 5@) #'()@6#=5#.,1B ") #Q5'(#.=5) ,# #'# +#=&+'1 '# 6# 45;1 #:5,#.(#

#. 6) 5,#) =#.(+)6 ,# '& 1@+) ?<'(&D)F 9" .$&7.+" -.+ -6+63 '7#")6 -.

*.&'7:)F ,1.,# (+)(< ,# +#=+#)+ &.) >1+D) ,# (#)(+1 ?1?&6)+ =&01 >5. #+)

')=)+ ?+1:#=41 ,#6 ,161+ #. 6)' '1=5#,),#'B 9&).,1 )=)@< 6) >&.=5<. ,#

*"+,) -. /.++.0" F 0 '5%&5#.,1 /&5;A #6 =)+A=(#+ ?+1>G(5=1 /&# #'()@) 0)

'#%&+1 #6 )+(# 0 '&' ?+1?&#'()' (+)-). =1.'5%1F =1++5< ,#(+A' ,# 6)' @)D@)E

65.)' 0 '# )?1,#+< ,# '& ?+1?51 ?#+'1.)*#L ,#6 ?#6&/&#+1 )?)+#=5,1 #.

#'=#.)B C# 61 66#:< ,#'?&G' =1.'5%1 ) '& =)')B H6 ?+1=#'1 ?1'(#+51+ /&# '#

#'()@6#=5< #.(+# 61' ,1' >&# 6#.(1 0 )6%1 ?#.1'1B "# 66#:< )6%&.)' '#D).)'

61%+)+ /&# #6 )=(1+ '# ,#'?1*)'# ,# 6) >5%&+) +#?+#'#.(),) ?)+) :16:#+ ) '#+

G6 D5'D1B M.(#' ,# ?)+(5+F #6 ?#+'1.)*# 5.1=&6< #. #6 =&#+?1 ,# 7)+51

8#66)(5. #6 D)6 >-'5=1F 6) #.>#+D#,), D1+()6F /&# ?+#=5')D#.(# )?)+#=-)

=1D1 (#D) =#.(+)6 #. 6) 1@+) +#?+#'#.(),) ?1+ #'# )=(1+B H6 )&(1+ >&#

=1.()%5),1F ?1+ '& ?+1?5) =+#)=5<.F ,# &.) ,16#.=5) 5.=&+)@6#B J# &. D)6

/&#F ),#DA'F ?)+#=-) .1 #Q(5.%&5+'#F .1 )=)@)+ :#+,),#+)D#.(# =1. '&

:5,) ?&#' )66-F ) (+):G' ,#6 )?)+)(1 5,#),1 ?1+ #6 5D?#=)@6# ?+1>#'1+ /&#

.1' #'()@) 1>+#=5#.,1 #. #'1' D1D#.(1' 6) =1.>#+#.=5)F 61' )'5'(#.(#'?1,-)D1' '#%&5+ :5G.,161 0 #'=&=4A.,161 4)@6)+ ,# 6)' =1')' /&# =1.(5.&<

+#)65;).,1 ,#'?&G' ,# D&#+(1B

H6 D#=).5'D1 ?1+ #6 /&# ?)'< 6) 1@+) *"+,) -. /.++.0" F ,#',# #6 ?+1=#'1

5.5=5)6 4)'() '& +#?+#'#.()=5<. #. 6) ').%+# ,# 7)+51 8#66)(5.F >&# =)'5

?#+>#=(1B C#%K. '&' ?+1?5)' ?)6)@+)'F 6) ?+1>#=-) ?+#'#.(# #. (1,) =+#)=5<.

,#@-) =&D?65+'# 0 #+) 61 /&# 4)@-) '&=#,5,1B J#',# #.(1.=#' >&# ,#'=&E

@+5#.,1F =1. =),) :#; D)01+ >+#=&#.=5)F 0 '1@+# (1,1 )41+) /&# #+) &. '#+

=)'5 '5. :5,)F /&# 6) +#)65,), #+) '<61 &. ?A65,1 +#>6#*1 ,# =&)6/&5#+ )=(1 ,#

5D)%5.)=5<.B "1 /&# ?)+#=-) 5D?+#'51.)+61 DA' #+) /&# ,#(#+D5.),1 (5?1

,# =1.'(+&==5<. )+(-'(5=)F O)/&#66) /&# '# 1+5%5.) #. 6) 5.(&5=5<. 0 4)=# &'1

,# +#=&+'1' ?+1?51' ?)+) '#+ 66#:),) ) =)@1OF (+)' 6#:).()+ >+1.(#+)' #'(+&=E

(&+)6#' ?)+) +#)65;)+ 6)' 1@+)' O=+#).,1 '5'(#D)' /&# ?#+D5(#. #.(#.,#+ #6

D&.,1 =1D1 D)/&5.)+5)' ).(#' /&# =1D1 ?+1=#'1'O D1(5:)@) /&# ,#

?+1.(1 '# ),:5+(5#+) /&# .1 #Q5'(-) 6-D5(# )6%&.1B P#.')@) /&# #. )/&#6

?&.(1 #+) ,1.,# '# )@+-). +#)6D#.(# 6)' ?1'5@565,),#' ,# 61 +#)6 0 ,# 61

5++#)6F ,# 6) D#.(5+) 0 ,# 6) :#+,),B M.(# #'() #:5,#.=5) .1 6# /&#,< 1(+1+#=&+'1F .1' 61 ,5*1 ) (+):G' ,#6 )?)+)(1 5,#),1 ?1+ #6 ?+1>#'1+F /&# #6 ,#

=1@5*)+'# @)*1 &. 1+,#. (+)'=#.,#.(#B H6 D5'D1 7)+51 8#66)(5. )>5+D< /&#

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). TV



#') 5.'().=5) #'()@) =#+=).) ) 6) #Q?#+5#.=5) D-'(5=)F #. 6) =&)6F ,#'?&G' ,#

&.) '#+5# ,# ?+5:)=51.#' 0 6&=4)' #D?+#.,5,)' =1.(+) 6) 65@#+(), 5.,5:5E

,&)6F '# #.=1.(+)@) ,# D).#+) 5.(#D?#'(5:) )6%1 '#D#*).(# )6 5.>5.5(1B

91. +#6)=5<. ) #'(# ?&.(1F )6 ,# #D?+#.,#+ 6) @K'/&#,) ,# )6%1 /&# .5

'5/&5#+) #+) ?1'5@6# .1D@+)+F 7)+51 8#66)(5. .1 #'()@) '#%&+1 '5 4)@#+

1+%).5;),1 #6 91.%+#'1 ,# ,1@6#' ,# #'=+5(1+#' D#Q5=).1'F /&# >&# &.1 ,#

61' )=1'(&D@+),1' C&=#'1' ,# #'=+5(&+) /&# ?+1?&'1 ,&+).(# '&' )I1' ,#

:5,)F '# (+)(< ,# &.) >1+D) ,# '#%&5+ =1.'(+&0#.,1 '& 1@+)B M6%&.1' ,# 61'

?+#'#.(#' #. .&#'(+) =1.>#+#.=5) ?)+#=5#+1. '1+?+#.,#+'# )6 #'=&=4)+

#'()' K6(5D)' ?)6)@+)'B 9)'5 .5.%&.1 (#.-) =1.1=5D5#.(1 ,# /&# 7)+51

8#66)(5. 4&@5#+) 1>+#=5,1F =1. =5#+() >+#=&#.=5) ),#DA'F 61' 66)D),1'

C&=#'1' ,# #'=+5(&+)B ") D)01+-) ?#.')@) /&# '# 4)@-) 65D5(),1 ) #'=+5@5+

65@+1'F K.5=)D#.(# ,# 6) D).#+) =1D1 '&#6# ?#.')+'# ,#@#. '#+ =1.'E

(+&5,1' 61' 65@+1'B P#'# ) 6)' ,&,)' 5.5=5)6#' )6%&.1' DA' +#=1+,)+1. /&#F

#. #>#=(1F (#.-). =1.1=5D5#.(1 ,# /&# 7)+51 8#66)(5. '16-) 5.,)%)+ #. 6)'

?1'5@6#' +#6)=51.#' /&# '# ?1,-). #'()@6#=#+ #.(+# #6 )&(1+ 0 '& 1@+)F 0 /&#

?)+) 61%+)+61 4)@-) 4#=41 &'1 ,# D).#+)' ,# #'=+5(&+) /&# .1 #+). .#=#E

')+5)D#.(# 6)' )=#?(),)' ?1+ 6) D)01+-)B R)6 :#; ?)+) =1++1@1+)+ #') 5,#)F

/&# =1D#.;< ) ,5'=&(5+'# #.(+# 61' )'5'(#.(#' ) (). ?)+(5=&6)+ =1.>#+#.=5)F7)+51 8#66)(5. )>5+D< /&# ?+1:#.-) ,# &.) (+),5=5<. ,1.,# D&=4)' :#=#'

'# 6# 4)@-) ,),1 &. +#65#:# #Q=#'5:1 ) 6) ?+#'#.=5) >-'5=) ,#6 )&(1+ O=)'5

'5#D?+# =161=A.,161 5.=6&'1 ?1+ #.=5D) ,# '&' 1@+)'O )'- =1D1 ) 6)'

=5+=&.'().=5)' '1=5)6#'F ?16-(5=)' 1 #Q5'(#.=5)6#' #. 6)' /&# #'(# )&(1+ '#

4)66)+) 5.:16&=+),1B 31' ,5*1 /&# #+) =1.'=5#.(# ,# /&# #') @K'/&#,) ?1+

,#'#.(+)I)+ 6)' +#6)=51.#' #.(+# #6 #'=+5(1+ 0 '& =+#)=5<. '# #.=1.(+)@)

?+#'#.(# #. 6) D)01+-) ,# 61' ?+10#=(1' /&# 4)@-) 5,#),1B W&# ?+#=5')E

D#.(# ?)+) =1.1=#+ DA' ) >1.,1 #'()' =1.#Q51.#'F /&# )=#?(< +#)65;)+ #6

91.%+#'1 ,# ,1@6#' ,# #'=+5(1+#' ,# 6) 65(#+)(&+) D#Q5=).)B H. &. ?+5.=5?51

4)@-) '5,1 5.:5(),1 ) 4)=#+ #6 +16 ,# =1D5')+51 #. &.) #Q?1'5=5<. ,# )+(#

:5'&)6B "1 45=5#+1. ,#'?&G' ,# 4)@#+61 #'=&=4),1 4)@6).,1 #. &.) =1.>#E

+#.=5) /&# 1>+#=5< #. #6 #Q(+).*#+1F ,1.,# D#.=51.< 6) 5D?1+().=5) /&#

4)@-). (#.5,1 6)' ,#DA' )+(#'F 5.=6&'1 DA' /&# 6) '&0) ?+1?5)F ,&+).(# '&'

?+5D#+1' )I1' ,#,5=),1' ) +#,)=()+ (#Q(1'B C5. #D@)+%1F &.) :#; /&#

)=#?(< 6) 5.:5()=5<.F ),:5+(5< /&# .1 ?1,-) '#+ 1(+) =1') /&# &. #'=+5(1+B C&

5.(#+G' #+) '<61 #6 ,# #'=+5@5+B P+#(#.,5< #.(1.=#' =&D?65+ =1. '& ?+1D#')F

6) ,# 4)=#+ ,# =1D5')+51F ?#+1 '5. )?)+()+'# ,# '&' ?+1?5) .#=#'5,),F #.#'(# =)'1 6) +#6)=5<. )&(1+E1@+)B 91D#.;< ) #6)@1+)+ #6 91.%+#'1 ,# ,1@6#'

,# #'=+5(1+#' ,# 6) 65(#+)(&+) D#Q5=).) ,# 6) D5'D) D).#+) =1D1 61 4)=-)

XY 7)+51 8#66)(5.



=1. =&)6/&5#+) ,# '&' ?+10#=(1' ?#+'1.)6#'B M?#6< ) 6) >5%&+) ,#6 =1D5')+51

=1D1 )&(1+ 0 )6 =1.%+#'1 =1D1 6) 1@+)B C# 6# 1=&++5< 6) ?1'5@565,), ,# 1+%)E

.5;)+ &. #:#.(1 ,# )&(1+#' ,1.,# 61' #'=+5(1+#' .1 #'(&:5#+). ?+#'#.(#''5.1 ?#+'1.)' /&# 61' +#?+#'#.()+).B Z. 4#=41 /&# >&#+) )6 D5'D1 (5#D?1

&. =1.%+#'1 0 &.1 ,# '&' 4)@5(&)6#' C&=#'1' ,# #'=+5(&+)B R+)'6),)+-) )6

6&%)+ ,#6 #:#.(1 '<61 6)' 5,#)' ,# 61' =+#),1+#'F .1 '&' =&#+?1'F ?)+) =1.'E

()()+ 61 /&# ?1,+-) 1=&++5+ =1. 6)' 1@+)' &.) :#; /&# #'(&:5#+). 65@#+),)'

,# /&5#.#' 6)' ?+1,&*#+1.B H. #6 5.5=51 #D?+#.,5< &. )+,&1 (+)@)*1

>1(1%+A>5=1 O#' ,5>-=56 5D)%5.)+ )6 ).=5).1 7)+51 8#66)(5. /&# (#.-)D1' #.

?).()66) #>#=(&).,1 &.) 6)@1+ ,# #'# (5?1O ?#+1F '5. #D@)+%1F 61' ?+#'#.(#'

) 6) =1.>#+#.=5) 61 :5D1' &(565;)+ &.) =AD)+) ,5%5()6F 6) =&)6 )==51.)@) '5.

D5+)+ ?1+ #6 :5'1+F =1. #6 >5. ,# +#(+)()+ 61' '#5' D#'#' /&# ?)'< =),) =+#),1+

=1. '& ,1@6#L %#.(# (1D),) )6 );)+ /&# ,&+).(# #'# 6)?'1 O#' 61 /&# #'(A

+#%5'(+),1 #. 6)' =5#.(1' ,# >1(1' (1D),)' ,&+).(# #'# (5#D?1E ,#@-)

)?+#.,#+ ,# D#D1+5) (#Q(1' /&# +#?#(5+-). >+#.(# )6 ?K@65=1 #. &.) ')6) ,#

)+(# )=1.,5=51.),) =1D1 &. 6&%)+ ,# =1.'&6()' ?K@65=)'B ") 5,#) =)&'< =5#+(1

,#'=1.=5#+(1B M6 ?+5.=5?51 61' 1+%).5;),1+#' (5(&@#)+1.F ) ?#')+ ,# /&# 61

?+1?1.-) &. 7)+51 8#66)(5. ?+#?)+),1 0) ?)+) '& ?+<Q5D) D&#+(#B 31

/&#+-). )++5#'%)+ ,#D)'5),1B ") #.(5,), /&# 4)@-) =&+'),1 6) 5.:5()=5<. #+)

,# =)+A=(#+ 1>5=5)6B R#.-) &. ?+#'(5%51 /&# D).(#.#+ #. #6 ?)-' #Q(+).*#+1,1.,# '# 4)66)@) &@5=),)B C5. #D@)+%1F 6&#%1 ,# &.) '#+5# ,# ,5'=&'51.#'F #6

?+10#=(1 >&# )=#?(),1 #. (1,) '& ,5D#.'5<.B

H6 ,-) #. /&# '# 5.)&%&+< '# +#=5@5#+1. )6%&.)' /&#*)'B ") D)01+ ?)+(#

?+1:5.1 ,# &. %+&?1 ,# ?+1>#'1+#' ,# 65(#+)(&+)B 7&=41' ,# #661' 4)@-).

:5)*),1 ,#',# '&' >)=&6(),#' ,# 1+5%#. '<61 =1. #6 >5. ,# #'()+ *&.(1 ) '&'

1@*#(1' ,# #'(&,51B M 7)+51 8#66)(5. )/&#6 +#=6)D1 6# ?)+#=5< >&.,)D#.()6B

H6 #>#=(1 .#%)(5:1 /&# =)&')@) 6) )&'#.=5) ,# 61' =&#+?1' '# D1'(+)@) ,#

&.) D).#+) =6)+)B H6 6)D#.(1 ,# 61' ?+1>#'1+#' #+) &.) ?+&#@) ,# /&G #'

61 /&# #. +#)65,), #'?#+). 61' ,#DA' ,# 6)' 1@+)'B C5 '# (+)()@) ,# 5,#)' 1

>1+D)' #'(+&=(&+)6#'F =1D1 '# '&?1.,+-) #+) #6 >5. #. &. AD@5(1 =1D1 #6

65(#+)+51F G'()' '# #.=1.(+)@). )66- ?+#'#.(#'B 7)+51 8#66)(5. 4)@-) ,5>&.E

,5,1 #. )/&#66) ')6) 61 /&# 5.(#+#')@) #. #'# D1D#.(1 #. '& ?)-' ) 61'

:#+,),#+1' )&(1+#'B P#+1 6)' +#)==51.#' 6# D1'(+)+1. /&# ?)+) D&=41' 61

5D?1+().(# #+). 5.(#+=)D@51' ,# 1(+1 (5?1 0 .1 6) ?+#'#.=5) ,# 6)' 5,#)' #.

'- D5'D)'B

[)=# +#6)(5:)D#.(# ?1=1 (5#D?1F 0) D&#+(1 ,#6 (1,1F 7)+51 8#66)(5. >&#

@)&(5;),1 #. &.) .1=4# ,# 66&:5) =1. #6 .1D@+# ,# M@,' C)6ADB \) #. #'#

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). X]



(5#D?1 7)+51 8#66)(5. 4)@-) ),:#+(5,1 /&# .&.=) 4)@-) 4#=41 1(+) =1')

'5.1 6) ,# #'=+5@5+ '5. #'=+5@5+B M41+) ?#.'< /&# ?1,-) :5:5+ '5. (#.#+ /&#

:5:5+F ?1+ 61 =&)6 #'(# @)&(5;1 #. &.) 1+,#. '&>- #+) 6) +#)>5+D)=5<. ,# /&#,&+).(# '& #Q5'(#.=5) .&.=) ?&,1 #.(#.,#+ #. '&' :#+,),#+1' )6=).=#'F 0

#'(A 5D?#,5,1 4)'() )41+) ,# 4)=#+61F 61 /&# ?&#,# '5%.5>5=)+ #. '& *&'()

,5D#.'5<. )D@)' =1')'L #'=+5@5+ '5. #'=+5@5+ 0 :5:5+ '5. :5:5+B C5. #D@)+%1F

5.(&0# /&# +#)65;).,1 ,# :#; #. =&).,1 '&' >)D1'1' C&=#'1' ,# #'=+5(&+)F

0 66#:).,1 #6 .1D@+# ,# M@,' C)6AD .1 (5#.# 6) .#=#'5,), ,# #Q?65=)+61 ,#

&.) D).#+) +)=51.)6B ^5D1' #.(1.=#' #. 6) ?).()66) =<D1 7)+51 8#66)(5. '#

=161=)@) &. '1D@+#+1 ,# ,#+:5=4# %5+),1+ '1@+# '& ,5D5.&() =)@#;) D5#.E

(+)' )>5+D)@)F ) (+):G' ,#6 )?)+)(1F /&# #6 DA' 5D?1+().(# 91.)(1 ,# #'=+5E

(&+) /&# 4)@-) 66#:),1 ) =)@1 >&# /&5;A #6 /&# (&:1 /&# :#+ =1. #'=+5@5+ 0

?1.#+ #. #'=#.) ;.336$ '<36.$ B ") 45'(1+5) =1D#.;< =&).,1 M@,' C)6AD

=1.(#'(< &. ):5'1 ,#6 ,5)+51 #. #6 /&# '# ).&.=5)@) 6) :#.() ,# &.1' =)=41E

++1' ,# =5#+(1 (5?1 ,# 1:#*#+1B H. #') G?1=) 4)@-) D&#+(1 ?1+ #.>#+D#,),

&.1 ,# '&' ?#++1'F /&# 6# 4)@-) '5,1 >5#6 ,&+).(# 61' =)'5 :#5.(# )I1' /&#

?)')+1. *&.(1'B 8&'=)@) &. ).5D)6 '&'(5(&(1B M ?#')+ ,# /&# #6 5'6)D (1D)

) 61' =).#' =1D1 ).5D)6#' 5D?&+1'F M@,' C)6AD /&5'1 )?#6)+ ) 6)' +);1.#'

,# 61' D5#D@+1' ,# 6)' (+5@&' .<D),)' ,#6 ,#'5#+(1 =&).,1 66#%)+1. >+#.(#

) 714)D#,F 6) ?); '#) =1. G6F 0 6# #Q5%5#+1. 6) ,#:16&=5<. ,# ?&+#;) ) 61'')6&_5'F 61' %)6%1' DA' :#61=#'F ?&#' D).(#.#+61' =1D1 )65),1' ,# =);) #+)

5D?+#'=5.,5@6# ?)+) 6) '&@'5'(#.=5)B H. #'# D1D#.(1 714)D#,F 6) ?); '#)

=1. G6F ,#=6)+< /&# #6 ')6&_5 .1 #+) &. ?#++1 '5.1 &. ')6&_5F =1. 61 /&# '#

6#' +#'(5(&0< 6) 5D?#=)@565,), ?#+,5,)B M@,' C)6AD 5.(#.(< 4)=#+ 61 D5'D1

=1. 61' ?#++1' /&# '&#6#. )=1D?)I)+61L ,#=6)+)+61' .1 ?#++1'B C5. #D@)+%1

0) 4)@-) #.')0),1F '5. GQ5(1F 6) ')%+),) =1.:#+'5<.B M?)+(# ,# 61' Q1615QE

=&5.(6#' O#+) 6) =6)'# ,# =). /&# )=)@)@) ,# D1+5+ ?1+ #.>#+D#,),OF ) 61'

=&)6#' .&.=) =1.'5,#+< ?#++1' '5.1 %&-)' );(#=)' ?)+) =+&;)+ #6 +-1 /&#

.1' '#?)+) ,#6 DA' )66AF >+)=)'< =1. &. %+#041&., /&# '# #'(+#66)@) =1.(+)

6)' ?)+#,#' ,# '& =)') ?1+ 6) >)6() ,# &. #'?)=51 )?+1?5),1 ?)+) =1++#+B

91. &.1' 6#@+#6#' #.).1'F /&# #.'&=5)@). '5. 6) D#.1+ =&6?) 61' D&#@6#'

0 6)' =)D)'B 91. =5#+(1' ?1,#.=1' /&# .1 #.(#.,-). .5.%&.) 1+,#.F 0 =1.

&. ?+5D5(5:1 @)'#.*5F #6 ?#++1E%)(1F /&# 61 66#%< ) ,#'#'?#+)+ =1. '& 5.,5E

>#+#.=5)B [)'() /&# )6%&5#. 6# +#=1D#.,< /&# ?+1@)+) =1. #'# (5?1 ,#

1:#*#+1B H'(1' ).5D)6#' #+). 61' K.5=1' =)?)=#' ,# ')65+ =1. GQ5(1 ,# =5#+()

?+&#@) ,# 4)@565,), =).5.) '&D)D#.(# =1D?65=),)B "# 5.>1+D)+1. /&#

#'(1 '# ,#@-) ) /&# #+). ,#'=#.,5#.(#' ,5+#=(1' ,#6 61@1B P1+ #'1 =1.(#'(<+A?5,)D#.(# )6 ).&.=51 ,#6 ,5)+51B S#)65;<F ) (+):G' ,# 6) 6-.#) (#6#><.5=)F

&.) '#+5# ,# ?+#%&.()' '1@+# 6) +#6)=5<. #.(+# #'1' ?#++1' 0 '&' ).=#'(+1'B

X` 7)+51 8#66)(5.



C1@+# '5 '&' 4)@565,),#' ?1,-). #Q?65=)+'# ?1+ &.) 5.(#65%#.=5) DA' ,#')E

++166),) /&# 6) ,#6 +#'(1 ,# 6)' +);)'B J#'?&G' ,# #'=&=4)+61F 6# ?5,5#+1.

/&# #'?#+)+) &.1' D1D#.(1'B M6%&5#. DA' 5@) ) =1.(#'()+ '&' ?+#%&.()'B75.&(1' ,#'?&G'F M@,' C)6AD 10< ?1+ ?+5D#+) :#; 6) :1; ,#6 41D@+#

5.D<:56 O?+1?5#()+51 6#%-(5D1 ,# 61' ).5D)6#'OF /&5#. ,#',# 6)' ?+5D#+)'

?)6)@+)' /&# 6# ,5+5%5< (+)(< ,# ,#D1'(+)+ /&# ().(1 G6 =1D1 '&' =).#'

?1'#-). &.) 5.(#65%#.=5) '&?#+51+B

Z.) 41+) DA' ()+,#F M@,' C)6AD '# #.=1.(+)@) ?+#'#.(# #. 6) 4)@5()=5<.

,#6 41D@+# 5.D<:56 O&. =&),+)?6G*5=1 /&#F K.5=)D#.(# ) ?)+(5+ ,# '1.5,1'

/&# #D5(-) =1. 6) %)+%).()F #.(+#.)@) #'(1' ?#++1' 5.=6&'1 ?)+) D)()+OB

J&+).(# DA' ,# ,1' 41+)' '# D).(&:1 )(#.(1 ) 6) '&#+(# ,# #'?#=(A=&61

/&# #'# 41D@+# (#.-) ?+#?)+),1 ?)+) 6)' :5'5()'B 91. 6) )0&,) ,# &. #.>#+E

D#+1E#.(+#.),1+F &. '&*#(1 )6%1 '&@5,1 ,# ?#'1F 4)=-) ?)')+ ?1+ (&+.1' )

61' ).5D)6#' ,#.(+1 ,#6 =&)+(1B M@,' C)6AD =1D#.;< ) :#+ #.(1.=#' =<D1

61' =).#' +#?#(-). 6)' =1.,&=()' /&# #6 41D@+# 5.D<:56 5@) ).(5=5?).,1B

P+#:51 ) '& ?)+(5,) 1=&++5< &. #++1+ ,# =A6=&61B H6 41D@+# 5.D<:56 =&6?< ,#

)/&#6 )==5,#.(# )6 #.>#+D#+1E#.(+#.),1+B Z.1 ,# 61' ).5D)6#' D1+,5< )

M@,' C)6AD 0 6# ,#'(+1;< ?)+(# ,# 6) (K.5=) .#%+) /&# 66#:)@) ?&#'()B M@,'

C)6AD .1 +#%+#'< ) )/&#66) =)') '5.1 4)'() &. )I1 0 D#,51 ,#'?&G'B H. #'#(5#D?1 45;1 &. 65@+1 )=#+=) ,# 6) #Q?#+5#.=5) /&# 4)@-) :5:5,1 #'# ,-)B

J#'?&G' ,# #.(+#%)+61 ) 61' #,5(1+#'F D5#.(+)' '# 4)=-) #6 (+)@)*1 ,# ?+#E

?&@65=)=5<.F ?#.'< #. :16:#+ )6 6&%)+ ,# 61' 4#=41'B J#'#)@) =1.'()()+

=&A.(1 ,# =5#+(1 4)@-) #. 61 +#?+#'#.(),1B M,:5+(5< =1. )'1D@+1 /&# #. '&

1@+) )?)+#=-). )6%&.1' ,#()66#' #. 61' /&# =+#-) .1 4)@#+ +#?)+),1 ,&+).(#

6) :5'5() 5.5=5)6B ^16:5< ?1+ #'# D1(5:1 &.) '#D).) ,#'?&G' ,# +#)65;)+ 6)

'#%&.,) :5'5()B H. )/&#66) 1=)'5<. 61 45;1 =1. &.) =AD)+) ,# >1(1' O6)

D5'D) /&# &(565;< ,&+).(# #6 91.%+#'1 ,# ,1@6#' ,# #'=+5(1+#' D#Q5=).1'O

0F =1D1 #+) '& =1'(&D@+#F (1D< )6%&.)' 5DA%#.#' )6 );)+B J#=5,5<

5.=6&5+6)' 6&#%1 #. &.) ?6)/&#((# /&# )=1D?)I)+-) )6 65@+1F 0 4)=#+6)' ?)')+

?1+ :#+,),#+)' 5.'()6)=51.#'B H' ,#=5+F '5D&6< /&# 61' )D@5#.(#' 4)@-).

'5,1 =1.'(+&5,1' ?1+ G6 ,#'?&G' ,# 4)@#+ #'=+5(1 6) 1@+)F 0 .1 /&# 61' 4)@-)

(1D),1 ,# 6) +#)65,),B

Z.) :#; /&# #6 65@+1 >&# ?&@65=),1F M@,' C)6AD /&5'1 /&# #Q5'(5#+) &.)

'&#+(# ,# =1.=#?(1 '1@+# 6) 5,#) ,# #'# 41D@+# 5.D<:56 0 '&' ?#++1' #.(+#E

.),1'B P)+) 61%+)+61 '# ?&'1 ,# )=&#+,1 =1. )6%&.1' ,5+#=(1+#' ,# (#)(+1 ,#6) =5&,),F ?)+) /&# =&).,1 '# 6#' ?+#%&.()+) ).&.=5)+). ?K@65=)D#.(# /&#

5@). ) ?1.#+ #. #'=#.) 6) D#.=51.),) 1@+)B H' ,#=5+F /&# =),) ,5+#=(1+ 5@)

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). Xa



) +#)65;)+ &.) ),)?()=5<. (#)(+)6 ) ?)+(5+ ,# 61' ,5'(5.(1' #6#D#.(1'

?+#'#.(#' #. #6 65@+1B C# #D?#;< ) %#.#+)+ #.(1.=#' 6) 5,#) ,# /&# ;.336$

'<36.$ 5@) ) '#+ #'(+#.),)F #. '5D&6(A.#1F #. ,5>#+#.(#' ')6)' )6 D5'D1(5#D?1B M@,' C)6AD '# 5.=6&0< #. 6) ?+1?&#'()F ).&.=5).,1 /&# G6 D5'D1 5@)

) ,5+5%5+ &.) ,# 6)' ),)?()=51.#'B C# ?&'1 ?)+) #'1 ,# )=&#+,1 =1. #6 #.=)+E

%),1 ,# &. =1D?6#*1 (#)(+)6 =1. #6 >5. ,# /&# =161=)+) 61 '5%&5#.(# #. 6)

D)+/&#'5.)L M@,' C)6ADF ,5+#=(1+ ,# (#)(+1 ,# '& ?+1?5) 1@+) ,# #'=+5(&+)B

C# ?&@65=)+1. ()D@5G. ):5'1' #. 61' ,5)+51'B [)'() /&#F ,# ?+1.(1F '&=#,5< 61

/&# '&#6# 1=&++5+ =1. 6) D)01+-) ,# 61' D1.()*#'L 6) >#=4) ,#6 #'(+#.1 ?)'<

'5. /&# .),5# 61 ),:5+(5#+)B 9),) &.) ,# 6)' ?&#'()' #. #'=#.) >&#+1. 5%.1E

+),)'B P+5.=5?)6D#.(# ?1+/&# .5.%&.) 4)@-) =1.(),1 =1. &.) >#=4) ?+#=5')F

0 61' ?1'5@6#' )'5'(#.(#' '# 4)@-). =1.>1+D),1 =1. 6) ?)6)@+) ?+1.(1

#'(+#.1B Z. +#=1.1=5,1 =+-(5=1 ,# (#)(+1 O) /&5#. M@,' C)6AD 4)@-) =1.:#.E

=5,1 ?)+) ?)+(5=5?)+ #. 6) 5,#)O ?&@65=< #. &.) +#:5'() '&' =1D#.()+51' '1@+#

6)' ,5>#+#.(#' 1@+)' #'(+#.),)'B H. #66) '# D#.=51.)@) /&# 6)' ?&#'()' #.

#'=#.) 4)@-). @&'=),1 ?1.#+ #. +#65#:# 6) =)+)=(#+-'(5=) ?+5.=5?)6 ,#6 ?#+'1E

.)*#L 6) 5.D1:565,),F ?)+) 61 =&)6 M@,' C)6AD 0 61' ,5'(5.(1' ,5+#=(1+#' '#

4)@-). '#+:5,1 ,# ?#++1' ),5#'(+),1' ?)+) ?#+D).#=#+ =1.%#6),1' '1@+#

&.1' ?#,#'()6#'F #. )=(5(&, ,# )D#.);) ).(# #6 ?K@65=1B H'1' ).5D)6#'F D5#.E

(+)' #6 (#Q(1 '# 5@) ,#')++166).,1F #+). +##D?6);),1' =),) ,#(#+D5.),1(5#D?1 ?1+ #*#D?6)+#' ,5'#=),1'F ?1+ ?#++1' ,# D),#+)F 1 '# ,#*)@) #6

#'?)=51 :)=-1B "1' =)D@51' '# +#)65;)@). =1. '&(56#' :)+5)=51.#' ,# 6&;B

9&).,1 #6 65@+1 '# ?+#'#.(<F 6) #,5(1+5)6F /&5#. ()D@5G. #'(&:1 ,5'?&#'() )

=16)@1+)+ =1. 6) 5,#) ,# 61' >)6'1' D1.()*#'F ).&.=5< /&# #6 6).;)D5#.(1

'#+-) #. +#)65,), &.) '&#+(# ,# )=(1 ,# ,#')%+):51 ?)+) )/&#661' /&# '#

4)@-). ?#+,5,1 61' #'(+#.1' ,# 6)' 1@+)'B M@,' C)6ADF ) ?#')+ ,# '#+ 0)

D5#D@+1 ,# 6) =1D&.5,), D&'&6D).)F ?5,5< /&# 6) #Q?1'5=5<. (&:5#+) 6&%)+

#. &. (#D?61 =)(<65=1 ,#6 '5%61 ,5#=5'G5'B 91.:1=< )66- ) 61' ?)+(5=5?).(#' ,#

6) 1@+) /&# #. )?)+5#.=5) 4)@-) ,5+5%5,1 O)6 #'=#.<%+)>1F )6 '1.5,5'()F )6

,5'#I),1+ ,# 56&D5.)=5<.OF /&5#.#' ?1+ D#,51 ,# ?)6)@+)' +#=1.'(+&5+-). #6

D1.()*# ?+5.=5?)6B P)+) =&).,1 (#+D5.)+). '&' 5.(#+:#.=51.#' >+#.(# )6

?K@65=1F M@,' C)6AD (#.-) ?+#?)+),) &.) '1+?+#')B J&+).(# #6 (5#D?1 /&#

,&+)+) 6) +#=1.'(+&==5<. D).(#.,+-) 1=&6(1F ,#@)*1 ,#6 )6()+ #. #6 =&)6 '#

,#')++166)@) 6) =#+#D1.5) ,# ?+#'#.()=5<.F ) &. ?#++1 ,# )'?#=(1 >5#+1

#.(+#.),1 ?)+) ?#+D).#=#+ 5.D<:56B W&# ,# #') >1+D) =<D1 =),) &.1 ,# 61'

5.(#%+).(#' ,# 6) >).()'D)6 =1D?)I-) +#6)(< '& ?)+(5=5?)=5<. #. #6 D1.()*#BH6 #'=#.<%+)>1 +#6)(< 6)' ?#+5?#=5)' ?1+ 6)' /&# ?)'< ?)+) =1.'#%&5+ ?#++1'

,5'#=),1'B "6)D< ) ,5:#+'1' ()Q5,#+D5'()'F /&5#.#' #. ?+5D#+) 5.'().=5) 6#

Xb 7)+51 8#66)(5.



1>+#=5#+1. #*#D?6)+#' /&# 4)@-). '5,1 ,#*),1' ?)+) ,5'#=)+ 0 /&# '5.

#D@)+%1 '&' ,&#I1' .&.=) 4)@-). +#=1%5,1B "1 D)61 ,#6 )'&.(1 #+) /&#

.5.%&.1 (#.-) #6 (5?1 ,# ?)'(1+ /&# &(565;)@) #6 41D@+# 5.D<:56 ?)+) 66#:)+),#6).(# '& 1>5=51 ,# #.(+#.),1+B H.=1.(+< D&=41' ?#++1' =454&)4&#I1'F

+1((c#56#+'F ?#+1 .1 &. ?#++1 ?)'(1+B R&:1 ?1+ #'1 /&# ,#=5+6# ) 61' )'5'E

(#.(#' /&# ,#@5< D).,)+ ) ')=+5>5=)+ )6%&.1' ?#++1' ,# #') =6)'# ?)+) 6&#%1

4)=#+61' ,5'#=)+B H6 56&D5.),1+ 4)@6< ,# 61 ,5>-=56 /&# 6# 4)@-) '5,1

D).(#.#+ 5.D<:56 6) 6&;B H6 =+-(5=1 (#)(+)6 6#0< &.) :#+'5<. ,#6 )+(-=&61 /&#

4)@-) ?&@65=),1 #. 6) +#:5'()B 9&).,1 6) =#+#D1.5) (#+D5.< 0 61' ?1.#.(#'

#'()@). )@).,1.).,1 #6 )6()+F M@,' C)6AD 6).;< &.) 1+,#. =1.(&.,#.(# 0

#6 ?#++1 #'=1.,5,1 ')6(< '1@+# #6 )6()+B M66- '# /&#,<F #'(A(5=1F D5#.(+)' #6

(#Q(1 ,# >5==5<. =1D#.;)@) ) ,#')++166)+'#B C&+%5< &.) :1; #. 1>>F +#?#(5,)

?1+ &.)' D&*#+#' /&# #'()@). =161=),)' #. #6 =1+1 ,#6 (#D?61F /&# >&#+1.

+#?5(5#.,1 >+)%D#.(1' ,# 6) 1@+)B R+).'=&++5#+1. =#+=) ,# :#5.(# D5.&(1'

,# )@'16&() (#.'5<.F =1. #6 ?#++1 =161=),1 '1@+# #6 )6()+ D5+).,1 >5*)D#.(#

)6 ?K@65=1B "1' )'5'(#.(#' '# /&#,)+1. 5.D<:56#' #. '&' )'5#.(1'B R#D-). )

#') @#'(5) )%+#'5:) /&# ?)+#=-) ,1D5.)+61'B ") #'=#.)F ,# &. %+&?1 ,#

?#+'1.)' 1@'#+:).,1 &. )6()+ ?+#'5,5,1 ?1+ &. ?#++1F ?)+) M@,' C)6AD >&#

&.) 5D)%#. =1. &.) >&#+;) DA' #>5=); /&# 4)@#+ ?&#'(1 #. >&.=51.)D5#.(1

6) :#+,),#+) ),)?()=5<. (#)(+)6F 1 ) 6) ,# 4)@#+'# 65D5(),1 ) '#+ 6#-,) 6) 1@+)?1+ '& )&(1+B H. =5#+(1 D1D#.(1F =&).,1 M@' C)6AD '# #.=1.(+)@) (1,):-)

'#.(),1 #. 6) ?+5D#+) >56) D5+).,1 #6 #'?#=(A=&61F '5.(5< #6 5D?&6'1 ,#

?1.#+'# ,# ?5# 0 ?+#%&.()+6#' ) 61' ,#DA' /&G #+) 61 /&# +#)6D#.(# #'()@).

4)=5#.,1 )66-F #. 6)' @).=)' ,# &.) 5%6#'5)F ),D5+).,1 ) &. ?#++1 5.D<:56B H6

).5D)6 =1.(5.&<B d6&D5.),1 ?1+ &.) 6&; =#.5()6B H6 )D@5#.(# #. %#.#+)6

4)@-) '5,1 ?&#'(1 #. ?#.&D@+)'B H6 (#D?61 '# D).(&:1 5.)6(#+)@6#B C)6:1 6)

1+#*) ,#6 ?#++1F /&# 4)=-) 6#:#' D1:5D5#.(1' =&).,1 )&D#.()@) #6 :16&D#.

#. /&# #+) +#?#(5,1 #6 (#Q(1B

H. #'# D1D#.(1F ) M@,' C)6AD ?)+#=5#+1. 4)=G+'#6# =6)+)' 6)' ,5>#+#.=5)'

/&# 4&@1 #.(+# 61' D1.()*#' ,# *"+,) -. /.++.0" 0 #6 ,# ;.336$ '<36.$ B P+5.E

=5?)6D#.(# ?1,-) )?+#=5)+ =<D1 '& =+#)=5<. )6=).;)@) ,5>#+#.(#' 6-D5(#'

'#%K. /&5G. >&#+) #6 /&# 6)' 5.(#+?+#()@)B M6%&.1' #'?#=(),1+#' 4)@-).

66#%),1 5.=6&'1 ) =+##+ /&# #6 65@+1 ;.336$ '<36.$ '&+%5< ,# 6) 5D)%5.)=5<.F

D5#.(+)' /&# *"+,) -. /.++.0" >&# (1D),1 ,# 6) +#)65,),B [)'() ?#.')+1.

/&# M@,' C)6ADF ).(#' ,# >)66#=#+F 4)@-) :5'5(),1 &. ')6<. =1.:#+(5,1 #. &.

6&%)+ =+#),1 #'?#=5)6D#.(# ?)+) 6) D&#+(#F /&# #. )?)+5#.=5) #Q5'(-) #. 6)')>&#+)' ,# 6) =5&,),B H. 61' ,5>#+#.(#' '5(51' ,1.,# #6 65@+1 #+) ?&@65=),1

'# ?+1,&=-) &. #>#=(1 '5D56)+B H. =),) &.1 ,# #'1' 6&%)+#' '# ')@-) ,# 6)

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). XT



#Q5'(#.=5) O=)'5 ) 6) D).#+) ,# D5(1O ,# &. #'?)=51 '#D#*).(#B H6 %+&?1

/&# +#)65;< #6 K6(5D1 D1.()*# (#)(+)6 ,# )/&#6 65@+1 OD#,5).(# #6 =&)6 M@,'

C)6AD ?&,1 6##+'# ?1+ ?+5D#+) :#; ) '- D5'D1O #.=1.(+< &.1 #. 6) =5D) ,#&. D1.(# '5(&),1 #. 61' )6+#,#,1+#'B H6 #6#.=1 #.')0< 6) 1@+) #. '&' 5.'()E

6)=51.#'B M M@,' C)6AD 6# ?)+#=-) /&# #. #6 D1D#.(1 )=(&)6F 0 .1 =&).,1

>&# #Q?&#'()F #') 1@+) =&D?6-) ,# &.) D).#+) DA' #>#=(5:) =1. '& 5.(#.E

=5<. 5.5=5)6B ") ,# +#>#+5+'# K.5=)D#.(# ) 6) ?#'(# 0 .1 ) ,#(#+D5.),) #.>#+E

D#,), /&# '# #Q(#.,-) ?1+ #6 D&.,1 D5#.(+)' #6 65@+1 #+) +#,)=(),1B C<61

)41+)F ,#'?&G' ,# 6) D&#+(# ,# '& )&(1+F =&).,1 61 /&# /&#,) ,# M@,'

C)6AD '1. '<61 61' +#'(1' ,# '&' (K.5=)' .#%+)' 0 61' >+)'=1' ) D#,51 66#.)+

,# '&' ?+1?5)' D#,5=5.)'F #6 *"+,) -. /.++.0" ?&#,# '#+ =)?); ,# +#(1D)+

6) ?#'(# ,#',# &.) ?#+'?#=(5:) =)'5 @-@65=)B

M6%&.1' )I1' ,#'?&G' ,# '& ,#')?)+5=5<.F =&).,1 '& @1,) D-'(5=) #' ,#=5+F

'& D&#+(# #. #6 '#.(5,1 '&>-F ?)'< =)'5 )6 16:5,1F M@,' C)6AD #D?#;< )

,)+'# =&#.() ,# /&# 6# >)6()@) &. @+);1B P&#,# ?)+#=#+ =&+51'1F ?#+1 )

?#')+ ,# 4)@#+ .)=5,1 '5. #'# D5#D@+1F '<61 #. )/&#6 (5#D?1 #6 '&=#'1

?)+#=5< =1@+)+ ,#(#+D5.),) 5D?1+().=5)B H. 6) ?).()66) ,#6 )?)+)(1 ,5,A=E

(5=1 )?)+#=5< #.(1.=#' #6 @+);1 )+(5>5=5)6 /&# 4)@-) &(565;),1 ,&+).(# @&#.)

?)+(# ,# '& :5,)B C# :5#+1. ()D@5G. 61' ,5>#+#.(#' ),D5.-=&61' /&# 6#4)@-). #6)@1+),1 &.) '#+5# ,# )+(5'()' ?)+) '5(&)+61 #. &. #'?)=51 )*#.1 )6

,# 6) 1+(1?#,5)B [)@-) %).=41' =1D1 ,# ?5+)()F ?#.#' ,# =161+ ?6)(#),1F

=1.1' ,# D#()6B C# :51 5.D#,5)()D#.(# ,#'?&G' ) &. M@,' C)6AD ).=5).1F

=)'5 5,G.(5=1 )6 :5#*1 7)+51 8#66)(5. /&# 4)@-)D1' 1@'#+:),1 =)'5 )6

=1D5#.;1 ,# 6) '#'5<.F ,#'#1'1 ,# ?1'##+ &. @+);1 =1D1 61' ,#DA'B "1

,5*1 ,#6).(# ,# (1,1' .1'1(+1'B M@,' C)6AD ,)@) 6) 5D?+#'5<. ,# .1 ')@#+

/&G 4)=#+ =1. )/&#66) )&'#.=5)B 31 ')@-)D1' ?+#=5')D#.(# '5 61 /&#

)I1+)@) #+) 6) >&.=5<. /&# ?1,-) =&D?65+ &. @+);1 1 '5 /&#+-) 66#.)+ #6

:)=-1 /&# #:5,#.=5)@) '& )&'#.=5)B P)+#=# /&# 6) 5,#) ,#6 '56#.=51 =1+?1+)6F

#6 .1 4)@#+ .),) /&# '&'(#.()+) 6) '&?&#'() '5D#(+-) /&# 5.=6&'1 '& .&#:)

+#65%5<. 61 1@65%)@) ) D).(#.#+ ?)+) 1=&?)+ =5#+(1' =)+%1' #=6#'5A'(5=1'F

#+) 61 5D?1+().(#B 31' #Q?+#'< /&# 6) '#.')=5<. ,# ?G+,5,) 6# 5D?#,-)

+#)65;)+ =5#+()' )=(5:5,),#' /&# .1 (#.-). /&# :#+ =1. #6 1+,#. ?+A=(5=1 ,#

6)' =1')'B J#6).(# ,# .1'1(+1' ?)+#=5< ,#'=&@+5+F 61 .1()D1' ?1+ #6 %#'(1

,# '1+?+#') /&# D1'(+< )6 #Q?+#'A+.1'61F /&# 6# 4)=-) >)6() &.) '&#+(# ,#

)+(5>5=5)65,), =)?); ,# '&?65+ #6 :)=-1 ,# '& =&#+?1B M6%1 /&# 45=5#+)

#:5,#.(# 6) >)6() 0 /&# )6 D5'D1 (5#D?1 >&#+) =)?); ,# +#?)+)+6)B 31 /&#+-))=&,5+ .&#:)D#.(# )6 D&.,1 ,# 6) 1+(1?#,5)F )6 =&)6 61 66#:)+1. ,# .5I1B

"# #+) ,#')%+),)@6# 6) 5,#) ,# /&# 6# =1.'(+&0#+). &.) D).1 /&# (+)()+)

XX 7)+51 8#66)(5.



,# '5D&6)+ 6) 1+5%5.)6B H. #'# AD@5(1F ?1+ 61 %#.#+)6F #. 6&%)+ ,# +#')6()+ 61

>)6'1 '# @&'=) #'=1.,#+61B M6%&.1' )I1' )(+A' 4)@-) +#)65;),1 =5#+(1 #Q?#E

+5D#.(1F =&01' +#'&6(),1' 6# ,5#+1. 6) =6):# ?)+) +#'16:#+ '& ?+1@6#D)B H.)/&#6 #.(1.=#' &(565;)@) &.) ?+<(#'5' (+),5=51.)6F 0 )6 66#%)+ ) ,#(#+D5.),)

=5&,), ,#6 #Q(+).*#+1 '5.(5< #6 +#=4);1 ,# 6) %#.(#B M=&,5< #.(1.=#' ,1.,#

&. )D5%1 /&# '# ,#,5=)@) ) 6) >)@+5=)=5<. ,# DA'=)+)' ?)+) #'?#=(A=&61'

?+1?51' ,# =)+.):)6F /&5#. 6# =1.>#==51.< &. %)+>51 %5%).(# ,# ?)?#6 D)=4G

?6)%),1 ,# ?5#,+)' ,# >).()'-)B H'# D5'D1 ,-)F )6 ')65+ ) 6) =)66# #. 6)

=5&,), ,#'=1.1=5,) ,1.,# '# #.=1.(+)@)F ),:5+(5< /&# #') ?5#;) %#.#+)@)

&.) '&#+(# ,# )'1D@+1 )6#%+# =&).,1 )6%&5#. 6) ,#'=&@+-)B M ?)+(5+ ,#

#.(1.=#'F M@,' C)6AD '&?1 /&# '& ?+<Q5D1 D5#D@+1 (#.-) /&# ?+1:#.5+

.#=#')+5)D#.(# ,#6 &.5:#+'1 ,# 6)' )+(#' :5'&)6#'B "&#%1 ,#6 +#%+#'1 ) '&

=5&,), ,# 1+5%#. 66)D< ) &.1 ,# 61' )+(5'()' DA' 5D?1+().(#' ,#6

D1D#.(1L P5#++# [&0%4#B J#'?&G' ,# )6%&.1' #.=&#.(+1'F #6 )+(5'() ?#.'<

#. &.) '#+5# ,# @+);1' ?1'5@6#' ?)+) M@,' C)6ADB P5#;)' /&# )6 D5'D1

(5#D?1 /&# ?1'#0#+). &.) >&.=5<. ?+A=(5=) O#Q5'(# &. #'@1;1 ?)+) +#)65;)+

&.) =)?); ,# ?1+()+ ,# D).#+) 1=&6() &. 5E?41.#F &. =1+(),1+ ,# &I)' 0

&. '?+)0 ,# %)' +#?#6#.(# ?)+) ?+#'#+:)+ 6) '#%&+5,), >-'5=) ,# .&#'(+1

)&(1+OF =1.()+). ()D@5G. =1. &.) #'(G(5=) ,#(#+D5.),)B

") ?+1?&#'() /&# M@,' C)6AD 6# '165=5(< )6 )+(5'() :5'&)6F /&5;A (#.-) /&#

:#+ =1. 4)=#+ ,#6 )==5,#.(#F ,# 6) )&'#.=5) ,#6 @+);1F &. 4#=41 =1D&.5E

()+51B N&# )/&#66) =)+)=(#+-'(5=) ,#*)+) ,# ?#+(#.#=#+6# '<61 ) G6 ?)+)

=1.:#+(5+'# #. &.) ?+A=(5=) /&# 5.:16&=+)'# )6 +#'(1B M@,' C)6AD 5D)%5.<

4)=#+ 1(+1 ,# '&' C&=#'1' ,# #'=+5(&+)F /&# 61%+)+) 4)=#+ ,#6 :)=-1 ,# '&

@+);1 >)6().(# &.) '&#+(# ,# *)+,-. ?K@65=1B Z. #'?)=51 ).<.5D1 ,1.,#

(1,1' 0 =),) &.1 (#.#D1' 6) +#'?1.')@565,), ,# D).(#.#+61 #. ?#+>#=()'

=1.,5=51.#'B R)6 :#; '# @)'< ?)+) 5,#)+61 #. 61' =)+(#6#' /&# '16-) 6##+ #.

61' ?)+/&#' ,# '& ?)-'L e!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&'

45*1' 61 ,#'(+&0).fB ") D5'D) >+)'# /&# #6 #'=+5(1+ 7)6=16D "1c+0 6#0< #.

61' D5'D1' ?)+/&#' 0 &(565;< ,# +.(= #6=(> #. '& 65@+1 ?"26 .+ >6+&:)F 6)

D#*1+ .1:#6) D#Q5=).) #'=+5() 4)'() )41+)B H. #6 =&#+?1 ,# M@,' C)6AD '#

#:5,#.=5) #6 #:#.(1 ,# 6) >)6() =1D1 &.) '&#+(# ,# =)'&)65,),B H'(A +#?+#E

'#.(),1 #. G6 )6%1 /&# 6#' ?#+(#.#=# ) (1,1'B 31 4)@+AF ?)+) 61' 1*1'

D-'(5=1' ,# M@,' C)6ADF &.) '16) ?#+'1.) /&# 66#:# +#)6D#.(# 61' ,1'

@+);1' D5#.(+)' ) G6 6# >)6(# #6 '&01B

J#'?&G' ,# /&# M@,' C)6AD D#.=51.< '#D#*).(# )'&.(1F '# =+#< &. 6)+%1

'56#.=51 #. 6) ')6)B ")' ,5'=&'51.#'F /&# ,# :#; #. =&).,1 D).(#.-)D1'

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). Xg



#.(+# 61' )'5'(#.(#'F =#')+1. ?1+ =1D?6#(1B H6 ?+1>#'1+ /&# 66#:)@) 6)

'#'5<. '# =161=< #.(1.=#' )6 6),1 ,# 6) ?).()66) 0 ,5*1 ) 61' ?+#'#.(#' /&#

5@) ) )?)%)+ #6 )?)+)(1 ?1+ &.1' D5.&(1'B N&# D5#.(+)' ().(1 4)@6)+-)F G6?#+'1.)6D#.(#F ,# =5#+() 1@+) /&# M@,' C)6AD 4)@-) =+#),1 ?1=1 (5#D?1

)(+A'B C# (5(&6)@) @6 $6A .+ "7=63 -. .$=. +(/36 ,1.,#F ?1+ D#,51 ,# &.) '#+5#

,# =1D?65=),1' ?+1=#,5D5#.(1'F @&'=)@) +#6)()+ =1. 5DA%#.#' )6%&.1'

'&#I1' 0 ?+#D1.5=51.#'B P)+#=-) ?1.#+ #. ?+A=(5=) #. #66) &.1 ,# '&' 4)@5E

(&)6#' C&=#'1' ,# #'=+5(&+)B H. #'(# =)'1 &.1 ?+1:#.5#.(# ,#6 5.(#+51+ ,#6

)6D)F =1D1 ) M@,' C)6AD 6# %&'()@) .1D@+)+ ) =5#+(1 #*#+=5=51F ,# )6%&.)

D).#+) 5.=1.'=5#.(#F /&# '16-) 66#:)+ ) =)@1B H6 ?+1>#'1+ 5.,)%< ),#DA' #.

#6 =)+A=(#+ ?+1>G(5=1 ,# 6)' 1@+)'B J1' ,# 6)' 1@'#'51.#' ,# .&#'(+1 )&(1+B

C5. D#,5)+ (+).'5=5<. )6%&.)F #6 )?)+)(1 ,5,A=(5=1 =1D#.;< ,# .&#:1 )

>&.=51.)+B C# 56&D5.< 6) ?).()66) 0 ?&,1 :#+'# &. )=#+=)D5#.(1 )6 +1'(+1

/&#F '#%K. #6 ?+1>#'1+F #+) #6 )=(&)6 ,# M@,' C)6ADB 3),5# =1D?+#.,5< '5

'# (+)()@) ,# &.) DA'=)+)F ,# &.) =)+) 1+(1?G,5=)F 1 ,# 6) >); /&# 6# 4)@-)

1(1+%),1 #6 1(+1 D&.,1B M@,' C)6AD 4)@6< .&#:)D#.(#B 91.>#'< ?1+

'#%&.,) :#; /&# 4)@-) =1?5),1F ,# D).#+) ,#65@#+),)F 1@+)' ,# 1(+1'

)&(1+#'B 31 =1D1 #*#+=5=51 ,# (+)'=+5?=5<.F )=(5:5,), /&# +#)65;< '1@+#

(1,1 #. 6) *&:#.(&,F '5.1 D&=4)' :#=#' ?)+) 4)=#+6)' ?)')+ =1D1 ?+1?5)'BM=6)+< /&# 4)@-) =1D#.;),1 =&).,1 ,#'?&G' ,# '& D&#+(# =)0< :-=(5D)

,# &.) ,#?+#'5<. '#:#+)F /&# (+)(< ,# =1.(+16)+ '5. 6) ?+#'#.=5) ,# D#,5E

=)D#.(1'B M&./&# 61' '&01' '# (+)()@). ,# D#,5=5.)' '5. >#=4) ,# =),&E

=5,), O=1D1 )6%&.1' ?&,5#+1. =1D?+1@)+ =&).,1 =5.=&#.() )I1' ,#'?&G'

,# '& ,#')?)+5=5<. >-'5=) )@+5#+1. '& @1(5/&-. ?#+'1.)6OF M@,' C)6AD .1

#'()@) ,5'?&#'(1 ) '1?1+()+ 6) 5.D#.') =).(5,), ,# #>#=(1' '#=&.,)+51'

/&# G'(1' 6# =)&')@).B J#'?&G' ,# D&#+(1 O=&).,1 ,#@5< =1D#.;)+ )

(1D)+ 6)' D#,5=5.)'O '&>+5< )()/&#' ,# ).%&'(5) 0 ,# ?A.5=1B R)D@5G.

=5#+(1 #'(),1 ,# ,#'#'?#+)=5<.B 8&'=< #6 )&Q5651 ,# &. (#+)?#&() #'?#=5)65E

;),1 #. &. ).A65'5' ?'5=16<%5=1 1+(1,1Q1B W&#+1. :)+51' D#'#' ,# '&>+5E

D5#.(1F /&# =#')+1. =&).,1 +#=&++5< ) &. ?'5/&5)(+)F /&# 6# '&D5.5'(+< 6)

?)'(566) ),#=&),) ?)+) ')=)+61 ,# ()6 #'(),1B J&+).(# #6 (5#D?1 /&# ,&+<

'& D)+(5+51F 6) K.5=) )=(5:5,), /&# ?&,1 +#)65;)+ >&# 6) =+#)=5<. ,# &.)

1@+)F ) 6) /&# 66)D< 9" 263)"-" -. +" #6)" A .+ B"&(.)=.B H. &. ?+5.=5?51

>&# 4#=4) =1D1 &.) '#+5# ,# #'=+5(1'F ) D).#+) ,# =)+()' /&# 6# #'=+5@-) )6

).)65'() 1+(1,1Q1 =1. #6 >5. ,# /&# #.(#.,5#+) '& '5(&)=5<.B "1 45;1 ?1+/&#

#. 6)' (#+)?5)' ,5)+5)' ) 6)' /&# )'5'(-)F )/&#6 ).)65'() 4)@-) 5.'()6),1 #6+5%1+ ,#6 '56#.=51 =1D1 #*# ,# 6) =&+)B h&'()D#.(# #. #'1' ,-)' M@,' C)6AD

+#=5@5< O#. &. ?+5.=5?51 ?#.'< /&# '# (+)()@) ,# &.) #/&5:1=)=5<.F ?#+1

XU 7)+51 8#66)(5.



,#'?&G' ,# ),:#+(5+ /&# '# #.=1.(+)@) #. &. #'(),1 /&# ?1,+-) =)65>5=)+'#

=1D1 ,# :5,) ,#'?&G' ,# 6) :5,) 61 (1D< =1D1 6<%5=1O &.) 5.:5()=5<. ?)+)

?)+(5=5?)+ #. &. 41D#.)*# /&# '# 5@) ) +#)65;)+ =1. 1=)'5<. ,#6 =#.(#.)+51,#6 .)=5D5#.(1 ,#6 #'=+5(1+ C)D&#6 8#=_#((B M ?#')+ ,# 6) =+5'5' ?1+ 6) /&#

#'()@) )(+):#').,1F M@,' C)6AD )=#?(< )'5'(5+B 31 ?)+#=5< #'()+ =1.'=5#.(#

,# 6)' =1.'#=&#.=5)' /&# #'(1 ?1,-) (+)#+6#B "&#%1 61 16:5,< ?1+ =1D?6#(1B

Z.) '#D).) ).(#' ,# '& ?)+(5=5?)=5<. +#=5@5< #6 ?+1%+)D) ,1.,# )?)+#=-)

'& .1D@+# 5D?+#'1B H.(+< #. &. ?A.5=1 )K. D)01+ )6 /&# 0) 61 )(#.);)@)B

Z.) ,# 6)' =)+)=(#+-'(5=)' ,# '& #'(),1 #+) /&#F =&+51')D#.(#F '& '#.(5,1

,# +#'?1.')@565,), '# #Q)6()@) >&#+) ,# 61 =1DK.B R&:1 ?):1+ ,# 4)@#+'#

=1D?+1D#(5,1 0 .1 ?1,#+ =&D?65+ =1. 61 )=1+,),1B "1 K.5=1 =1. 61 /&#

=1.()@) #+) =1. 61' (#Q(1' /&# 4)@-) #*#=&(),1 ?)+) +#(+)()+ '& =+5'5' ).(#

#6 ?'5=<61%1B S#)65;< #.(1.=#' &. )=(1 '&D)D#.(# #6#D#.()6F '1@+# #6 =&)6

.1 +#>6#Q51.< ,#D)'5),1B J#@)*1 ,#6 (-(&61 9" 263)"-" -. +" #6)" A .+

B"&(.)=. =161=< #6 .1D@+# ,# C)D&#6 8#=_#(( =1D1 '5 '# (+)()+) ,#6 )&(1+

,# 61' D#.')*#' ,5+5%5,1' )6 ).)65'()B "# #.(+#%< 6&#%1 #6 (#Q(1 ) &.) ,5+#=E

(1+) ,# (#)(+1F ?+#%&.(A.,16# ).(#' '5 #'()@) #. =1.,5=51.#' ,# +#)65;)+ &.

D1.()*# ,# #D#+%#.=5) =1. )/&#6 D)(#+5)6B HQ(+)I)D#.(#F 6) =&6?) /&#

(+)*1 =1.'5%1 #'(# %#'(1 ?+1,&*1 =5#+() +#=&?#+)=5<. ,# '& #/&565@+51

#D1=51.)6B

P#+1 )/&#6 91.)(1 ,# #'=+5(&+) .1 >&# #6 K.5=1 ,# #') .)(&+)6#;) /&# M@,'

C)6AD +#)65;< #. #'1' )I1'B H. 1(+) 1?1+(&.5,), =1?5< >+)%D#.(1' ,# 9"

#.="#63C6$($ ,# W+).; i)>_)F (+).'>1+D).,1 61' +#();1' ,# 6) .)++)=5<.

#. &. .&#:1 (#Q(1B Z(565;< '<61 6)' ?)6)@+)' /&# 4)@-) #D?6#),1 #6 )&(1+

,#6 +#6)(1 1+5%5.)6B 3&#:)D#.(# 6# 66)D< 6) )(#.=5<. #'()+ (+)@)*).,1 =1.

&. )&(1+ )6 /&# 4)@-) =1.1=5,1 ?1=1 #. :5,)B H. #6 K.5=1 6&%)+ ,1.,#

#.=1.(+< '& +)'(+1F '& #'(#6)F >&# ,&+).(# 6) :5'5() /&# M@,' C)6AD +#)65;<

) &. ').)(1+51 #. C&5;)B M@,' C)6AD .1' ,5*1 /&# +#=1+,)@) ?#+>#=()D#.(#

6) ()+,# #. /&# 6# D1'(+)+1. 6) 4)@5()=5<. O'# #.=1.(+)@) #. &.) ,# 6)'

=6-.5=)' =+#),)' ?1+ S&,16> C(#5.#+O ,1.,# 1=4#.() )I1' ).(#' #'(&:1

5.(#+.),1 W+).; i)>_)B C5. #D@)+%1F ,5*1 #. 6) ?).()66) /&# #. #6 &.5:#+'1

,1.,# '# #.=1.(+)@)F 6)' 5DA%#.#' 0 6)' ?)6)@+)' >61()@). #. &. '5.>-.

=1.'().(#F ,1.,# .1 '# ')@-) ,<.,# #'()@). 61' 6-D5(#' #.(+# &.) 1@+) 0

1(+)F 0 D#.1' )K. '# (#.-) =1.1=5D5#.(1 ,# ,<.,# )=)@)@) #6 =&#+?1 ,# &.

)&(1+ )'- =1D1 '&' 5,#)'B Z.) :#; /&# (+)'6),< 9" #.="#63C6$($ ) &. .&#:1

65@+1F ,#'?1*),1 ?1+ =1D?6#(1 ,# 6) ).G=,1() =#.(+)6 O6) ,# 6) (+).'>1+D)E=5<.O /&#,< #6 (#'(5D1.51 ,# )6%&5#. /&# .1 ?&#,# =1.=565)+ #6 '&#I1 0

#Q?#+5D#.()F =1D1 ?+1,&=(1 ,# )/&#6 #'(),1F ?#+(&+@)=51.#' /&# 61 4)=#.

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). XV



'#.(5+ =)'5 =1D1 &. 5.'#=(1B M@,' C)6AD D1,5>5=< &. +#6)(1 )*#.1 ?)+)

=+#)+ &. .&#:1 (#Q(1B H6 +#6)(1 /&# +#'&6(< ,# )/&#66) #Q?#+5#.=5) '5+:5<

?)+) )=1D?)I)+ 6)' 5DA%#.#' ,# =5#+(1 >1(<%+)>1 /&# 6# '165=5(< 4)=#+ &.65@+1 *&.(1'B 9&).,1 6# 66#%)+1. 6)' >1(1' #6#%5,)'F M@,' C)6AD )?+#=5< &.)

'#+5# ,# 5DA%#.#' /&# +#(+)()@). =)')' :)=-)'B M?)+(# ,# #'(# +)'%1F .1

#.=1.(+)@) .5.%&.) 1(+) =)+)=(#+-'(5=) #. ?)+(5=&6)+B "1 K.5=1 /&# ?1,-)

)?+#=5)+ #. #66)' #+) 6) D&,#; ,# 61' 1@*#(1' +#?+#'#.(),1'B "# ?)+#=5<F

.&.=) '&?1 ?1+ /&GF /&# #+). =)')' ?#+>#=()' ?)+) 5.'1D.#'B

"1' )'5'(#.(#' ) 6) =1.>#+#.=5) D5+)D1' #. #'# D1D#.(1 6)' >1(1' ,# 6)'

=)')' #.:5),)' ?1+ #6 >1(<%+)>1B H6 ?+1>#'1+ )>5+D<F #'()@6#=5#.,1 &.)'&#+(# ,# ,5A61%1 =1. 6) ?).()66) ,# '& 5.:#.=5<.F /&# :5G.,16)'F DA' /&#

D&,)'F 6)' =)')' 6# ?)+#=-). '165()+5)'B M@,' C)6AD ,#*< ,# 4)@6)+B C<61 #.

#'# D1D#.(1 61' )'5'(#.(#' =1D?+#.,5D1'F )6%&.1' =1. (#D1+F /&# #Q5'(-)

6) ?1'5@565,), ,# &.) 5.(#+61=&=5<. +#)6 #.(+# 6) ')6) 0 6) 5D)%#. ,#6

#'=+5(1+ /&# #'(A@)D1' :5#.,1B ")' (1D)' ,1.,# )?)+#=-) M@,' C)6AD .1

'# #.=1.(+)@). %+)@),)'B 91. =5#+() :#+%j#.;) #.(#.,5D1' /&# #6 )&(1+

4)@-) #'=&=4),1 (1,1 #6 (5#D?1 61' =1D#.()+51' 4#=41' #. 6) ')6)B M@,'

C)6AD ,)@) 6) 5D?+#'5<.F ,#',# '& '56#.=51F ,# 4)@#+'# /&#,),1 ?#.').,1

#. #6 ?)+#=#+ ,#6 ?+1>#'1+B 9&).,1 :16:5< ) 4)@6)+ ,5*1 /&# 61 '165()+51 .161 #.=1.(+)@) .#=#')+5)D#.(# #. #')' =)')'B P)+) +#>#+5+'# ) 6) :#+,),#+)

'16#,),F )>5+D<F 4)@-) /&# +#D5(5+'# ) 6) =16&D.) /&# #6 =5.#)'() "&5'

8&I&#6 O) /&5#. =1.1=5< =5#+() ()+,# ,# :#+).1O ,#*< )@).,1.),) #. D#,51

,# 6) .),) ,#'?&G' ,# 6) >56D)=5<. ,# 6) ?#6-=&6) *(#,) -.+ -.$(.3=6 B

M@,' C)6AD +#=1+,<F ) ?)+(5+ ,# 6) )?)+5=5<. ,#6 (#D) ,# 6) '16#,), ,# #')

=16&D.)F 6) :#; #. /&# >&# +#/&#+5,) '& ?+#'#.=5) #. &. =1.%+#'1 '1@+#

=5.# 0 D5'(5=5'D1B ") 5.:5()=5<. 6# =)&'< )'1D@+1B M?)+(# ,# #.=1.(+)+'#

,#'4)&=5),1F .1 #'()@) '#%&+1 ,# ?1'##+ #6 ?#+>56 5.(#6#=(&)6 ),#=&),1 ?)+)

#6 #:#.(1B 91D1 #. (1,1' 61' (#D)' /&# 61 )?)'51.)@).F .1 (#.-) .),) #.

?)+(5=&6)+ /&# #Q?+#')+B R).(1 #. )'&.(1' ,# =5.# =1D1 ,# D5'(5=5'D1

4&@5#+) ?+#>#+5,1 #'=&=4)+ 61 /&# 61' ,#DA' (#.-). /&# ,#=5+B C5. #D@)+%1F

6) K.5=) ?1'5@565,), ?)+) )'5'(5+ ) )/&#6 #.=&#.(+1 #+) ?1+ D#,51 ,# &.)

?+#'#.()=5<.B S#=1+,< /&# )6%&5#. 6# 4)@-) =1.(),1 /&# 6) =16&D.) ,# 6)

?#6-=&6) ,# 8&I&#6 E>56D /&# M@,' C)6AD .1 4)@-) )6=).;),1 ) )?+#=5)+ #.

:5,)E '# #.=1.(+)@) )@).,1.),) #. &. ,#'=)D?),1 '5(&),1 #. 61' )6+#,#E

,1+#' ,# 6) =5&,), /&# 4)@5()@)B M@,' C)6AD '# 5.:16&=+< #.(1.=#' #. 6)()+#) ,# =1.'#%&5+ &.) 5D)%#. +#=5#.(# ,# )/&#66) =16&D.)B 91D1 '# ?1,+A

'&?1.#+ OM@,' C)6AD 4)@-) '5,1 #.(#++),1 ,#'?&G' ,# &.) 6)+%) =#+#D1.5)

gY 7)+51 8#66)(5.



#. 6) /&# &.) '#+5# ,# ,#+:5=4#' @)56)+1. )6+#,#,1+ ,# '& =&#+?1 '5. :5,)O

.1 #'()@) #. =1.,5=51.#' ,# )=&,5+ ?#+'1.)6D#.(# )6 6&%)+ ,1.,# '# 4)66)@)

16:5,),)F ?#+1 ?5,5< &.) 0 1(+) :#; /&# 6# =1.'5%&5#+). )6%&.) >1(1B H. 61'K6(5D1' (5#D?1' '<61 4)=-) #'?1+A,5=)' )?)+5=51.#' #. 6) :5,) +#)6B P1+ #'1

(1,1' .1' '1+?+#.,5D1' =&).,1 61 :5D1' )?)+#=#+ #. #6 )?)+)(1 /&# =161=<

#6 ?+1>#'1+ #. D#,51 ,# 6) ')6) ,# =1.>#+#.=5)'B W5.)6D#.(# 6# 66#%< &.)

+#?+1,&==5<. ?#+>#=()B R1D),) )?)+#.(#D#.(# ?1+ &.) >1(<%+)>) ?+1>#E

'51.)6B C# D1'(+)@) '<61 6) =K'?5,# ,# 6) =16&D.)B H. 61' #Q(+#D1' ,# 6)

5D)%#. '# ?1,-). )?+#=5)+ )6%&.1' =)+)=(#+#' @-@65=1'B H. &.) ,# 6)'

#'/&5.)'F =)'5 =1D1 ?1+ );)+F '# :#-) &. ?1'(# ,# 6&;B M@,' C)6ADF 6&#%1 ,#

)?+#=5)+ 6) >1(1 ,&+).(# )6%&.1' ,-)'F D).,< #.D)+=)+6) =1D1 '5 '# (+)()+)

,# &.) +#?+#'#.()=5<. +#65%51')B k+,#.< ()D@5G. 4)=#+ &.) '#+5# ,##'()D?)' )6&'5:)' ) 6) =16&D.)F /&# ,#'?&G' +#?)+(5< #.(+# '&' :#=5.1'B M6

,-) '5%&5#.(# :16:5< ) 6)' =)')' /&# 4)@-) :5'5(),1F ?#+1 66#:).,1 #'() :#; '&

=AD)+) ,# =1'(&D@+#F =1. 6) /&# 4)@-) +#(+)(),1 #6 91.%+#'1 ,# ,1@6#' ,#

#'=+5(1+#' D#Q5=).1' /&# 1+%).5;< =&).,1 (1,):-) #+) =1.'5,#+),1 7)+51

8#66)(5.B W1(1%+)>5< &.1 ?1+ &.1 ) '&' :#=5.1'F ) /&5#.#' 6#' ?5,5<

D1'(+)+). ).(# 6) 6#.(# 6)' #'()D?)' /&# 6#' 4)@-) +#%)6),1 #6 ,-) ).(#+51+B

M@,' C)6AD 5@) ) 5.(#.()+ 4)=#+ =+##+ ) 61' )'5'(#.(#' )6 >1+1 '1@+# =5.# 0

D5'(5=5'D1 /&# '&' :#=5.1' #+). D5#D@+1' ,# &.) =1>+),-) /&# '# 4)@-)

=+#),1 #. (1+.1 ) 6) =16&D.) ?#+,5,)B H6 (#Q(1 /&# )=1D?)I< ) 6)' >1(1' ,#

61' :#=5.1' D#.=51.)@) /&# &. %+&?1 ,# ?#+'1.)' 4)@-) ,#=5,5,1 4&5+ ,#

6) =5&,), =1. #6 >5. ,# D#*1+)+ '&' =1.,5=51.#' ,# :5,)F 0 ) D5(), ,# 6) ?#+#E

%+5.)=5<. #.=1.(+)+1. 6) =16&D.) ,# 6) ?#6-=&6) /&# >56D)+) "&5' 8&I&#6

,G=),)' )(+A'B H'()' ?#+'1.)' O/&# 5%.1+)@). ?1+ =1D?6#(1 )/&#66) >56D)E

=5<.O ,#=5,5#+1. (1D)+ #'# 4#=41 )'1D@+1'1F #6 4)66);%1 ,# '#D#*).(#

1@*#(1F =1D1 &.) '#I)6 ')%+),) /&# 61' 1@65%< ) /&#,)+'# ?)+) '5#D?+# #.

'&' )6+#,#,1+#'B P+1.(1 )/&#66) %#.(# =1D#.;< ) )'5%.)+6# :5+(&,#' =&+)E

(5:)' )6 D1.&D#.(1F 0 ,# #') >1+D) >&# =<D1 #6 D5(1 ,# 6) :#+,), ,# 6)=16&D.) '# #Q(#.,5< #. @&#.) ?)+(# ,# 6) ?1@6)=5<.B

H. ,#(#+D5.),1 D1D#.(1F =)'5 '5. D5+)+ ) 61' )'5'(#.(#' ) 6) =1.>#+#.=5)F

#6 D)#'(+1 ,5*1 /&#F ?#'# ) 6)' =1')' /&# )>5+D)@) #. 6) ?).()66)F M@,'

C)6AD .1 '&?1 .&.=) /&G '5%.5>5=)@) =+#)+ '5. =+#)+F )'- =1D1 ()D?1=1 #.

/&G =1.'5'(-). '&' >)D1'1' C&=#'1' ,# #'=+5(&+)B ")' #Q?65=)=51.#' /&#

?&,1 1>+#=#+ )6 +#'?#=(1 ?)+#=-). 4)@#+ '5,1 >1+D&6),)' '<61 =1D1

?+#(#Q(1 ?)+) =1.(5.&)+ =1. :5,) ) ?#')+ ,# 6)' =5+=&.'().=5)'B

91D1 #' 6<%5=1F #6 )?)+)(1 ,5,A=(5=1 5,#),1 ?1+ )/&#6 ?+1>#'1+ .&.=)

#Q5'(5#+#.=5) 1>+#=5,) #. 41.1+ ) 7)+51 8#66)(5.B H6

!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). g]



?+1>#'1+F ,#6 /&# '# ,&,) ()D@5G. '& =)+A=(#+ ,# +#)65,),F ,5*1 /&# 6)

>5%&+) ,#6 )+(5'() ,#@# #.=1.(+)+'# '5(&),) '5#D?+# DA' )66A ,# =&)6/&5#+

)+(56&%51B W&#+) ,# %)+>51'F >61+#' 1 #'(+#66)' ,# =161+#'B 7&,) 0 )&'#.(#B91. 6)' =)+)=(#+-'(5=)' ?+1?5)' ,# &. =1.()%51 D1+()6 ?+1:#.5#.(# ,#6

D&.,1 ,# 6) >5==5<.F ,# &. =1.%+#'1 ,# #'=+5(1+#' >).()'D)F ,# 6) =16&D.)

=1D1 ?#+'1.)*# =#.(+)6 ,# &.) ?#6-=&6) 5.16:5,)@6#F ,#6 D1.()*# ,# &.)

1@+) )?<=+5>) ,# C)D&#6 8#=_#(( 1 ,#6 #.=&#.(+1 =1. W+).; i)>_) #. &.)

4)@5()=5<. ).(+1?1'<>5=)B 7A' @5#. =1. 6)' ?+1?5#,),#' (+),5=51.)6#' ,#

&.) @1,) D-'(5=) O,1.,# #6 %5+1 ,# 61' ,#+:5=4#' =+#). #6 :#+,),#+1 (5#D?1

0 #'?)=51OF 1 6) ,# &. 91.)(1 ,# #'=+5(&+)F ,1.,# 61 5D?1+().(# '#) ()6 :#;

6) (#.'5<. /&# #' =)?); ,# %#.#+)+ #6 ?#++1 /&# M@,' C)6AD 61%+< =161=)+

=5#+() .1=4# '1@+# &. )6()+ =)(<65=1 1 6) +#'5'(#.=5) )6 ,161+ D1'(+),) ?1+=),) &.1 ,# 61' ?#+'1.)*#' ,#6 65@+1 9" .$&7.+" -.+ -6+63 '7#")6 -.

*.&'7:)B !"# %&'() )=)'1 #'(# *)+,-. /&# #' '&012 P1+ >):1+F .1 ,#*#

#.(1.=#' /&# '&' 45*1' 61 ,#'(+&0).B 7&=4)' %+)=5)'B

g` 7)+51 8#66)(5.



!"# %&'() #'(# *)+,-. /&# #' '&012 31 ,#*# /&# '&' 45*1' 61 ,#'(+&0). ga

D9. E7$=" .$=. 2"3-4) F7. .$ $7A6G 7)+51 8#66)(-.





!"# %#& '()* +,(- ./01*23,(4, (- %#&0-5 "# 2#+ '*+%#&0 4,('10*2 1*-+0#% (+

6/0(# 7*''/+(2

824* &9#2 / +(:* +,*0* 3/- / 4#2;*0*24* /+ 3,(4, / +*/4,*0 3(+, / 9*4&<

'(/0 1(1/4+(4 :/4,(2* +&02*1 &9= >+ 3/- /2 /0+*;/4+ *?&(99*1 3(+, / -40**2@

3,(4, 3/- -,#3(2. / -#0+ #; 0*/'(+% :#A(*= >2 +,* B*.(22(2. #2* 4#&'1 -**

#2 -40**2 +,* ;/C/1* #; +,* (2-+(+&+(#2 3,*0* +,#-* #; &- 90*-*2+ 3*0*

:**+(2.= D,* +*/4,*0 /99*/0*1 +# B* / :/.2(;(4*2+ .&% 3,#@ 3(+, ,(-:/4,(2*@ 3/- 9#--(B'% 90#9#-(2. / 2*3 :*+,#1 #; +*/4,(2.= E&11*2'% +,*

-40**2 B*./2 +# 1(-9'/% (:/.*-@ ;0/.:*2+-@ ;0#: +,* '(;* #; +,* 30(+*0

6/0(# 7*''/+(2@ 3,(4, 3/- 90*4(-*'% +,* -&BF*4+ #; +,* :**+(2. +,/+ 2(.,+=

D,* 4&0(#&- +,(2. 3/- +,/+ +,* 7*''/+(2 #2* 4#&'1 -** 3/- 90*++% /24(*2+@

/- (; ,* ,/1 4#2+(2&*1 '(A(2. /;+*0 ,(- 1*/+,= G+ / 4*0+/(2 :#:*2+@ -+('' #2

-40**2@ #2* 4#&'1 -** +,* ;0#2+ 4#A*0- #; +,0** B##)-H I,(2*-* I,*4)*0-@

7*/&+% E/'#2 /21 60- 6&0&)/:(J- K/01*2=

G+ +,/+ A*0% (2-+/2+ 6/0(# 7*''/+(2 B*./2 +# -9*/)= L* /99*/0*1 -&11*2'%

/'#2.-(1* +,* 4#A*0- #; +,* B##)-= L* -/(1 +,/+@ /':#-+ ;0#: ,(- A*0% */0'%

1/%- /- / 30(+*0@ ,* ,/1 ;*'+ / 4#2-+/2+ 4#24*02 ;#0 30(+(2. 3(+,#&+ 30(+(2.=

D,/+ (- +# -/%@ ;#0 ,(.,'(.,+(2. +,* ./9- /21 +,* #:(--(#2-@ 0/+,*0 +,/2 +,*

(24'&-(#2-= M*0,/9- +,(- *N9'/(2- 3,% ;0#: ,(- A*0% ;(0-+ 3#0)- O+,* #2*-

#2* 4#&'1 -** /+ +,/+ :#:*2+O ,* ,/1 :/2% +(:*- +0(*1 +# 10/;+ +,*:

3(+,#&+ +,* 2**1 +# &-* 30(+(2. (2 +,* +0/1(+(#2/' -*2-*@ B&+@ (2 / -#0+ #;

9*1/2+(4 3/%@ /- / -(:9'* 1*A(4* ;#0 90/4+(4(2. +,* :*4,/2(-: #; 40*/+(#2=

D,&-@ #2 :#0* +,/2 #2* #44/-(#2 ,* ,/1 (24*--/2+'% 4#9(*1 +,* +*N+- #2 F/0- #; ;##1 #0 :*1(4(2*@ 3,(4, 3*0* (2 ,(- ,#:* /+ +,* +(:*= G'-# ;0/.<

:*2+- #; B##)- B% #+,*0 /&+,#0-= P#0 -#:* +(:* ,* 1*A#+*1 ,(:-*';



*2+(0*'% +# +,* +/-) #; :*0* +0/2-40(9+(#2@ /2 *N*04(-* +,/+ #;+*2 -*9/0/+*-

30(+(2. ;0#: (+- /''*.*1 #0(.(2/' ;&24+(#2 #; +0/2-:(++(2. (1*/-=

"*-9(+* +,* /-+#2(-,:*2+ #; +,* /&1(*24* #2 -**(2. ,(: /'(A*@ 6/0(#

7*''/+(2 4#2+(2&*1 3(+, ,(- '*4+&0* 0*./01'*--= L* -/(1 +,/+ :/2% +(:*-@

/':#-+ 9/2(4<-+0(4)*2@ ,* ,/1 0*4#.2(Q*1 +,* 90#9,*+(4 2/+&0* #; -#:* #;

,(- 3#0)-= L* 9#(2+*1 #&+ ,#3 ;(;+**2 #0 +3*2+% %*/0- /;+*0 4#24*(A(2.

+,*:@ ,* ,/1 ;#&21 ,(:-*'; (2A#'A*1 (2 -(+&/+(#2- -(:('/0 +# +,#-* ;#&21

(2 ,(- 30(+(2.-= L* 0*:*:B*0*1@ ;#0 *N/:9'*@ /+ +,* +(:* #; +,* -+/.*

90#1&4+(#2 #; 7*/&+% E/'#2@ 9&B'(-,*1 -#:* +3*2+% %*/0- */0'(*0@ +,*

(''2*-- +,/+ '/+*0 )(''*1 ,(: /99*/0*1 (2 ,(- B#1% 3(+, 1*A/-+/+(2. ;#04*=

P0#: +,* :#:*2+ ,* ,/21*1 #A*0 +,* 9(*4* +# +,* -+/.* 1(0*4+#0 ,* ,/1

1*4(1*1 2#+ +# (2+*0A*2* (2 +,* 40*/+(A* 90#4*-- #; +,* -+/.* 90#1&4+(#2= L*

*2+0&-+*1 +,* +*N+ +# +,/+ 9*0-#2 -# +,/+ +,* 9'/% 3#&'1 90#1&4* (+- #32

0*-&'+-= 82 +,* 1/% #; +,* 90*:(*0*@ (2 +,* :(11'* #; +,* 9*0;#0:/24*@

6/0(# 7*''/+(2 ;*'' (2+# / -#0+ #; *4-+/-%= G- 90#:(-*1@ ,* ,/1 2#+ /++*21*1

/2% #; +,* 0*,*/0-/'-= >+ 3/- /'' / -&090(-*= 82 +,/+ #44/-(#2 ,* 0*/'(Q*1@

/:#2. #+,*0 +,(2.-@ +,/+ +,(- 3/- +,* ;(0-+ +(:* (2 ,(- '(;* +,/+ ,* 4#&'1

0*/1 ,(:-*';= D,* +*N+ ,/1 B**2 +#+/''% 0*-9*4+*1@ B&+ B% B*(2. /00/2.*1 (2

:#A*:*2+@ +,* -+0&4+&0* ,/1 B**2 0/1(4/''% :#1(;(*1= P#0 +,/+ 0*/-#2@6/0(# 7*''/+(2 3/- 2#+ *?&(99*1 3(+, +,* 0,*+#0(4 3,(4, ,* ,/1 &-*1 +#

4#2-+0&4+ +,* 3#0) (2 (+- 1/%= L* '/4)*1 +,* -+0&4+&0* 4/9/B'* #; -/A(2.

,(:-*'; ;0#: +,* #A*09#3*0(2. B'#3 ,* ;*'+ #2 /990*4(/+(2. +,* ;&'' *N+*2+

#; +,* '(2*- +,/+ ,* ,(:-*'; ,/1 30(++*2= P0#: +,* #&+-*+ ,* 3/- +/)*2 #A*0

B% /2 /':#-+ ,%92#+(4 -+/+*@ 3,('* ,* ?&(+* '(+*0/''% ;*'+ ,(- #32 3#01-

*2+*0(2. 1(0*4+'% +,0#&., ,(- */0-= R,/+ )(21 #; 9,/2+#: ,/1 B**2 4/9/B'*

#; 90#1&4(2. / 3#0) '()* +,(-5 3/- 3,/+ ,* 3#21*0*1 /+ +,* +(:*=

S*A*0+,*'*--@ (2 +,* /99/0*2+ /BF*4+ &2(A*0-* +,/+ 3/- 0*90*-*2+*1 #2

-+/.*@ 6/0(# 7*''/+(2 +,#&.,+ ,* ,/1 1(-4#A*0*1 / ;&21/:*2+/' *'*:*2+H

+,* +/2.(B'* 90*-*24* #; +0&* 0*/'(+%= R,/+ 3/- ,/99*2(2. #2 +,/+ -*+

/99*/0*1 3(+, / B0(.,+2*-- /21 +0/2-4*21*24* +,/+ 3/- '/4)(2. (2

*A*0%1/% '(;*= L* +,*2 0*/'(Q*1 +,/+ #2* #; +,* 0*/-#2- +,/+ ,/1 10/32 ,(:

+# 30(+(2. 3/- +,* 4#2-+0&4+(#2 #; +,/+ 9/0/''*' 3#0'1@ 3,(4, ,* ,/1 +#

B*'#2. +# *2+(0*'% (2 #01*0 /4,(*A* ;&'' *N(-+*24*= >+ -**:*1 +,/+ +,* 2/-+(*0

+,* 0*90*-*2+/+(#2@ +,* :#0* B0(.,+'% -,#2* 0*/'(+%= 6/0(# 7*''/+(2 +,*2

0*/'(Q*1 +,/+ +,* :*4,/2(-: &21*0'%(2. ,(- 30(+(2. ,/1 4#2-(-+*1 9*0,/9-(2 9&++(2. ;#03/01 / +*00(B'* &2(A*0-*@ /- / )(21 #; 90#+*4+(#2 /./(2-+ +,*

,#00#0 +,(- A*0% -/:* 3#0'1 3/- 40*/+(2.= D,* *N(-+*24* #; +,(- 1*A(4* 3/-

TU 6/0(# 7*''/+(2



*A(1*2+ (2 +,* 4*2+0/' (1*/ #; ,(- 9#-+,&:#&- 3#0) D,* EQ*4,&/2 E4,##'

#; L&:/2 E&;;*0(2.@ (2 3,(4, ,* +0(*1 +# 0*40*/+* / ;#0: #; 9#9&'/0

+,*/+0*@ +,* /(: #; 3,(4, 3/- +# +&02 -&;;*0(2. (2 -#4(*+% +# -#:* /1A/2<+/.*= R,*2 +,* 9*0;#0:/24* #; 7*/&+% E/'#2 *21*1 /21 ;#''#3(2. 9*0,/9-

+,* 90#9,*+(4 4,/0/4+*0(-+(4- 3,(4, ,* 3/- -&0* 3*0* (2,*0*2+ (2 /0+ /21

(+- 90#9#-/'-@ ,* 0/2 B*,(21 +,* -4*2*- /21 -*(Q*1 ,(- #32 4,/0/4+*0H +,*

,/(010*--*0 #2 -+/.*= L* '/+*0 +##) ,(: ,#:*= D,* -&B-*?&*2+ 90#4*-- +,/+

*-+/B'(-,*1 (+-*'; B*+3**2 +,* +3# 3/- -'#3 /21 -#:*3,/+ 9/(2;&'= >+ +##)

,(: -#:* 3**)- ;#0 +,* /4+#0 +# 0(1 ,(:-*'; #; ,(- 9#0+0/%/' /21 B*4#:*

,(:-*'; /./(2= 7*;#0* '*/A(2.@ +,* .&% ,/1 (2;*4+*1 6/0(# 7*''/+(2J- B#1% 3(+,

+,* 9,%-(4/' /(':*2+@ +,* :#0+/' (''2*-- +,/+ 3/- 90*4(-*'% +,* 4*2+0/' +,*:*

#; +,* 3#0) 9*0;#0:*1 B% +,* /4+#0= D,* /&+,#0 B*4/:* (2;*4+*1@ +,0#&., ,(-

#32 40*/+(#2@ #; /2 (24&0/B'* /(':*2+= 8; / 1(-*/-* +,/+ -+0/2.*'% *2#&.,

-**:*1 2#+ +# ,/A* B&02+ (+-*'; #&+@ 2#+ +# ,/A* 0*/''% *21*1 ,(- '(;*@ B*4/&-*

+,*0*@ +,0#&., +,* :/4,(2* 40*/+*1 B% +,* (:9*44/B'* +*/4,*0 3,# 3/- /+

+,/+ +(:* .(A(2. ,(- '*4+&0*@ 3*@ +,* -9*4+/+#0-@ 4#&'1 -+('' -** ,(: /21 ,*/0

,(: +/') #; +,* +,(2.- +,/+ ,* 4#2+(2&*1 +# 1# /;+*0 1*/+,=

D,* :*4,/2(-: 3,(4, +,* 9(*4* 7*/&+% E/'#2 3*2+ +,0#&., ;0#: +,* (2(+(/'

90#4*-- &2+(' (+- 0*90*-*2+/+(#2 (2 +,* 9*0-#2/ #; 6/0(# 7*''/+(2 3/- /':#-+9*0;*4+= >2 ,(- #32 3#01-@ +,* 90#9,*4% 90*-*2+ (2 /2% 40*/+(#2 ,/1 +# B*

;&';(''*1 /21 +,(- 3/- 3,/+ ,/1 ,/99*2*1= E(24* +,*2 ,* ,/1 B**2 1(-4#A<

*0(2. :#0* /21 :#0*@ /21 *-9*4(/''% 2#3 +,/+ ,* 3/- / '(;*'*-- B*(2.@ +,/+

0*/'(+% 3/- #2'% / 9/'* 0*;'*4+(#2 #; /2% /4+ #; +,* (:/.(2/+(#2= R,/+

/99*/0*1 +# (:90*-- ,(: :#-+ 3/- +,/+ / 4*0+/(2 +%9* #; /0+(-+(4 4#2-+0&4<

+(#2@ #2* +,/+ #0(.(2/+*- (2 (2+&(+(#2 /21 (- 4/00(*1 #&+ &-(2. (+- #32

0*-#&04*-@ /;+*0 0/(-(2. B#&21/0(*- +# 90#1&4* +,* 3#0)- O40*/+(2. -%-+*:-

+,/+ /''#3 &- +# &21*0-+/21 +,* 3#0'1 /- :*4,/2(-:- 0/+,*0 +,/2

90#4*--*-O 3/- 3,/+ ,/1 90#:9+*1 +,* -&11*2 0*/'(-/+(#2 +,/+ 2# '(:(+-

*N(-+*1= L* ;*'+ +,/+ +,(- 3/- +,* 9#(2+ +,/+ 0*/''% #9*2*1 &9 +,* 9#--(B('(<

+(*- #; 0*/' /21 &20*/'@ #; '(*- /21 +0&+,= >2 +,* ;/4* #; -&4, *A(1*24* ,* ,/1

2# #+,*0 4,#(4* O/21 ,* +#'1 &- -# #2 +,* :/4,(2* 40*/+*1 B% +,* +*/4,*0O

B&+ +# B#3 +# / +0/2-4*21*2+/' #01*0= 6/0(# 7*''/+(2 ,(:-*'; /;;(0:*1 +,/+

+,(- (2-+/2+ 3/- 4'#-* +# / :%-+(4/' *N9*0(*24*@ (2 3,(4,@ /;+*0 / -*0(*- #;

90(A/+(#2- /21 B/++'*- ;#&.,+ /./(2-+ (21(A(1&/' ;0**1#:@ (2 /2 #&+<#;<B#1%

3/% -#:*+,(2. -(:('/0 +# (2;(2(+% 4#&'1 B* ;#&21=

>2 +,(- 4#2+*N+ #; *:B/0)(2. #2 / -*/04, ;#0 -#:*+,(2. (+ 3/- 2#+ *A*2

9#--(B'* +# 2/:*@ 6/0(# 7*''/+(2 3/- 2#+ -&0* 3,*+,*0 #0./2(-(2. +,*

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ TT



6*N(4/2 E+/21<(2 R0(+*0- I#2.0*--@ 3,(4, 3/- #2* #; +,* +%9(4/' 30(+(2.

VA*2+- +,/+ ,* &21*0+##) 1&0(2. ,(- '(;*+(:*@ 3/- 9*0,/9- / 3/% #; 4#2+(2<

&(2. +# 1*A*'#9 ,(- 3#0)= E#:* #; +,#-* 90*-*2+ /+ #&0 4#2;*0*24*/99*/0*1 -&090(-*1 #2 ,*/0(2. +,*-* '/+*-+ 0*:/0)-= M0/4+(4/''% 2#B#1%

,/1 B**2 /3/0* +,/+ 6/0(# 7*''/+(2 ,/1 ?&(+* ;0*?&*2+'% (2-+(./+*1 +,*-*

30(+(2. VA*2+-= D,* :/F#0(+% +,#&.,+ +,/+ ,* ,/1 '(:(+*1 ,(:-*'; +# -#'*'%

30(+(2. B##)- (2 +,* .*2*0/''% /44*9+*1 :/22*0 (2 3,(4, B##)- -,#&'1 B*

4#:9#-*1= >2 -9(+* #; +,*(0 (2(+(/' 1#&B+-@ -#:* 0*4/''*1 +,/+ (2 ;/4+ +,*%

3*0* /3/0* +,/+ 6/0(# 7*''/+(2 ,/1 (2A*-+(./+*1 (2+# +,* 9#--(B'* 0*'/+(#2<

-,(9- B*+3**2 +,* /&+,#0 /21 ,(- 3#0)@ /21 (2 1#(2. -# ,/1 &-*1 :/22*0-

#; 30(+(2. +,/+ 3*0* 2#+ 2*4*--/0('% /44*9+*1 B% +,* :/F#0(+%= M*0,/9- +#

4#00#B#0/+* +,/+ (1*/@ 3,(4, B*4/:* / +#9(4 ;#0 1(-4&--(#2 /:#2. +,*

/++*21**- /+ +,/+ 9/0+(4&'/0 4#2;*0*24*@ 6/0(# 7*''/+(2 /;;(0:*1 +,/+ (+

*:/2/+*1 ;0#: / +0/1(+(#2 3,*0*B% *N4*--(A* 0*'*A/24* 3/- #;+*2 .(A*2 +#

+,* 9,%-(4/' 90*-*24* #; +,* 30(+*0 O/':#-+ /'3/%- 9'/4(2. ,(: /B#A* ,(-

3#0)O /- 3*'' /- +,* -#4(/'@ 9#'(+(4/' #0 *N(-+*2+(/' 4(04&:-+/24*-

-&00#&21(2. +,* /&+,#0= L* +#'1 &- +,/+ ,* 3/- 4#2-4(#&- +,/+ +,(- -*/04,

+# +*/-* #&+ +,* 0*'/+(#2-,(9 B*+3**2 30(+*0 /21 ,(- 40*/+(#2 3/- 90*-*2+

(2 :#-+ #; ,(- 40*/+(A* 3#0)-= >+ 3/- 90*4(-*'% +# 1*'A* :#0* 1**9'% (2+#

+,*-* 4#22*4+(#2- +,/+ ,* /.0**1 +# +/)* #2 +,* E+/21<(2 R0(+*0- I#2.0*--#; 6*N(4/2 W(+*0/+&0*= G+ ;(0-+ ,* ,/1 B**2 (2A(+*1 +# +/)* #2 +,* 0#'* #;

4&0/+#0 #; / A(-&/' /0+- *N,(B(+(#2= L* ,/1 B**2 /-)*1 /;+*0 -9*/)(2. /+ /

4#2;*0*24* /B0#/1@ (2 3,(4, ,* ,/1 :*2+(#2*1 +,* (:9#0+/24* #; +,* #+,*0

/0+-@ *A*2 :#0* +,/2 ,(- #32@ 1&0(2. ,(- */0'% %*/0- 1*A#+*1 +# 30(+(2.=

L#3*A*0 #24* ,* ,/1 /44*9+*1 +,* (2A(+/+(#2@ ,* 9#(2+*1 #&+ +,/+ ,* 4#&'1

2#+ B* /2%+,(2. *'-* B&+ / 30(+*0= L(- (2+*0*-+ '/% -#'*'% (2 30(+(2.= L* +,*2

+0(*1 +# ;&';(' ,(- 90#:(-* +# B* / 4&0/+#0@ B&+ 3(+,#&+ /B/21#2(2. ,(- #32

2**1-@ (2 +,(- 4/-* +,* /&+,#0<3#0) 0*'/+(#2-,(9= L* B*./2 +# #0./2(-* +,*

E+/21<(2 R0(+*0- I#2.0*-- #; 6*N(4/2 W(+*0/+&0* (2 +,* -/:* 3/% +,/+ ,*

3#&'1 1*/' 3(+, ,(- #32 9*0-#2/' 90#F*4+-= L* /990#/4,*1 +,* ;(.&0* #;

4&0/+#0 /- +,* /&+,#0 /21 +,* 4#2.0*-- ,(- 3#0)= L* +,#&.,+ #; +,* 9#--(<

B('(+% #; #0./2(-(2. /2 /&+,#0-J *A*2+@ 3,(4, 3#&'1 2#+ B* /++*21*1 B% +,*

30(+*0-@ B&+ B% 9*#9'* 0*90*-*2+(2. +,*:= G2 *A*2+ +,/+ 3/- B#+, /

4#2.0*-- /21 #2* #; ,(- &-&/' 30(+(2. VA*2+-= L* 3#&'1 +0/2-;*0 #2'% +,*

(1*/- #; +,* 40*/+#0- +# +,* A*2&* #; +,* *A*2+@ B&+ 2#+ +,*(0 9,%-(4/' 90*-<

*24*@ -# /- +# 1*:#2-+0/+* 3,/+ 4#&'1 ,/99*2 +# /0+(-+(4 3#0)-@ #24* ;0**1

;0#: +,#-* 3,# 90#1&4*1 +,*:= >2(+(/''% ,* +##) #2 /2 /01&#&- 9,#+#<.0/9,(4 +/-) O(+ (- 1(;;(4&'+ +# (:/.(2* +,* *'1*0'% 6/0(# 7*''/+(2 3* -/3 #2

-40**2 4/00%(2. #&+ / F#B #; +,(- )(21O B&+ +,#-* #; &- 90*-*2+ /+ +,* '*4+&0*

TX 6/0(# 7*''/+(2



-/3 ,(: &-(2. / 1(.(+/' 4/:*0/@ 3,(4, ,* ,/21'*1 3(+,#&+ '##)(2. +,0#&.,

+,* A(*3*0@ (2 #01*0 +# 9#0+0/% +,* -(N :#2+,- +,/+ */4, 40*/+#0 -9*2+ 3(+,

,(- 1#&B'*H 9*#9'* 4,#-*2 /+ 0/21#: 1&0(2. +,(- -9/4* #; +(:* O+,(- (-3,/+ (- 0*4#01*1 (2 +,* ,&210*1- #; 9,#+#- +/)*2 1&0(2. +,(- 9*0(#1O +,*%

,/1 +# '*/02 B% ,*/0+ +*N+- 3,(4, +,*% 3#&'1 0*9*/+ B*;#0* /2 /&1(*24* (2

/2 /0+ ./''*0% ;(++*1 #&+ /- / 9&B'(4 /0*2/= D,* (1*/ 4/&-*1 4*0+/(2 &2*/-*=

G+ ;(0-+ +,* #0./2(-*0- ,*-(+/+*1@ 1*-9(+* +,* ;/4+ +,/+ (+ 3/- 90#9#-*1 B% /

6/0(# 7*''/+(2 /'0*/1% 90*9/0*1 ;#0 ,(- (:9*21(2. 1*/+,= D,*% 1(1 2#+

3/2+ +# 0(-) +## :&4,= D,* *2+(+% +,/+ ,/1 (--&*1 +,* (2A(+/+(#2 3/- /2

#;;(4(/' B#1%= >+ ,/1 (+- 90*-+(.* +# :/(2+/(2 (2 +,* ;#0*(.2 4#&2+0% 3,*0* (+

3/- B/-*1= L#3*A*0@ /;+*0 / -*0(*- #; 1(-4&--(#2-@ +,* 90#F*4+ 3/- /44*9+*1

(2 (+- *2+(0*+%=

E#:* 4#:9'/(2+- 3*0* 0*4*(A*1 #2 +,* 1/% #; +,* (2/&.&0/+(#2= 6#-+ 4/:*

;0#: / .0#&9 #; +*/4,*0- #; '(+*0/+&0*= 6/2% #; +,*: ,/1 +0/A*''*1 ;0#: +,*(0

;/4&'+(*- #; #0(.(2 +# B* 4'#-* +# +,*(0 #BF*4+- #; -+&1%= 6/0(# 7*''/+(2 -/3 +,*

90#+*-+ /- ;&21/:*2+/'= D,* 2*./+(A* *;;*4+ 4/&-*1 B% +,(- 2#2<90*-*24* 3/-

4'*/0= D,* +*/4,*0-J :#/2(2. 3/- 90##; #; 3,/+ (2 0*/'(+% 9*#9'* *N9*4+ ;0#:

-&4, 3#0)-= >; +,*% *N9*4+*1 (1*/- #0 -+0&4+&0/' ;#0:-@ 3,(4, #2* 3#&'1

*N9*4+ +# B* +,* 9&09#-* (2 / '(+*0/0% *2A(0#2:*2+@ +,*-* 3*0* 90*-*2+= >2+,/+ /&1(+#0(&: 6/0(# 7*''/+(2 ,/1 ,(.,'(.,+*1 3,/+ (2+*0*-+*1 0*/' /&+,#0-

/+ +,/+ +(:* (2 ,(- 4#&2+0%= 7&+ +,* 0*/4+(#2- -,#3*1 ,(: +,/+ ;#0 :/2% +,*

:#-+ (:9#0+/2+ *'*:*2+ 4#2-(-+*1 (2 *N4,/2.*- #; / 1(;;*0*2+ +%9* /21 2#+

+,* 90*-*24* #; (1*/- 9*0 -*=

G 0*'/+(A*'% -,#0+ +(:* /.#@ /'0*/1% 4#:9'*+*'% 1*/1@ 6/0(# 7*''/+(2 3/-

B/9+(Q*1 #2 / 0/(2% 2(.,+ 3(+, +,* 2/:* #; GB1- E/'Y:= G'0*/1% /+ +,* +(:*

6/0(# 7*''/+(2 ,/1 3/02*1 +,/+ ,* ,/1 2*A*0 1#2* /2%+,(2. *'-* *N4*9+

30(+* 3(+,#&+ 30(+(2.= D,*2 ,* +,#&.,+ +,/+ ,* 4#&'1 '(A* 3(+,#&+ '(A(2.@ -#

,(- B/9+(-: (2 / E&;( #01*0 3/- +,* 0*/;;(0:/+(#2 +,/+ 1&0(2. ,(- *N(-+*24*

,* ,/1 2*A*0 ;&''% &21*0-+##1@ /21 +,/+ ,* ,/1 B**2 (:9*1*1 &2+(' 2#3

;0#: &21*0-+/21(2. 3,/+ +,*-* +3# +,(2.- 4#&'1 0*/''% :*/2H +# 30(+*

3(+,#&+ 30(+(2. /21 +# '(A* 3(+,#&+ '(A(2.= L#3*A*0@ ,* -*2-*- +,/+ B% #44/<

-(#2/''% 90#1&4(2. ,(- ;/:#&- 30(+(2. VA*2+- /21 B% 4/''(2. ,(:-*'; GB1-

E/'Y:@ ,* 1#*- 2#+ 2**1 +# *N9'/(2 +,(- 0/+(#2/''%= R* +,*2 -/3 #2 -40**2

6/0(# 7*''/+(2 9'/4(2. +,* ,/+ #; / "*0A(-, 1/24*0 #2 ,(- +(2% ,*/1 3,('*

1*4'/0(2. A(/ +,* :/4,(2*@ +,/+ +,* :#-+ (:9#0+/2+ 30(+(2. VA*2+ ,* ,/1*A*0 /++*:9+*1 ,/1 9*0,/9- B**2 +,* 30(+(2. /21 -+/.(2. #; L*0# 1#.-=

D,* -+#0% B*./2 3,*2 GB1- E/'Y: 0*9'(*1 +# / 2*3-9/9*0 2#+(4* /B#&+ +,*

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ TZ



-/'* #; / 4*0+/(2 )(21 #; -,**91#. 9&99(*-= G+ +,* +(:* #2* #; ,(- #32 1#.-

+,/+ ,/1 B**2 ;/(+,;&' +# ,(: ;#0 /':#-+ +3*2+% %*/0- #; 4#*N(-+*24*@ ,/1

;/''*2 ('' /21 1(*1= L* 3/- '##)(2. ;#0 / 0*9'/4*:*2+= VA*2 +,#&., >-'/:A(*3- 1#.- /- &24'*/2 /2(:/'-@ GB1- E/'Y: 3/2+*1 +# 0*9*/+ +,* 0*/-#2(2.

#; +,* :*:B*0- #; +,* 2#:/1 +0(B*- #; +,* 1*-*0+@ 3,# 3*2+ B*;#0*

6#,/::*1 O9*/4* B* 3(+, ,(:O /21 1*:/21*1 +,/+ +,* ;/-+*-+ .0*%<

,#&21-@ +,* E/'&)(-@ B* 0/2)*1 /- 9&0*@ B*4/&-* /- ,&2+(2. 4#:9/2(#2-

+,*% 3*0* (2A/'&/B'* ;#0 +,*(0 -&0A(A/'= G+ +,/+ :#:*2+ 6#,/::*1 <9*/4*

B* 3(+, ,(:< 1*4'/0*1 +,/+ +,* -/'&)( 3/- 2#+ / 1#. B&+ / -/'&)(@ /2 (:9*4<

4/B'* B*(2.= GB1- E/'Y: +0(*1 +# 1# +,* -/:* 3(+, +,* 1#.- +,/+ &-&/''%

/44#:9/2(*1 ,(:H 1*4'/0(2. +,*: 2#+ +# B* 1#.-= L#3*A*0@ ,* ,/1 /'0*/1%

+0(*1 -/40*1 4#2A*0-(#2@ B&+ 3(+,#&+ -&44*--= G9/0+ ;0#: +,* N#'#(N4&(2<

+'*-@ +,/+ ,/1 B*4#:* *N+(24+ +,0#&., (''2*--@ <3,(4, ,* 2*A*0 4#2-(1*0*1

+# B* 1#.-@ B&+ GQ+*4 .&(1*- +# 40#-- +,* 0(A*0 -*9/0/+(2. &- ;0#: +,* #+,*0

'(;*< ,* ,/1 ;/('*1 3(+, / .0*%,#&21 +,/+ &-*1 +# B/2. (2+# +,* 3/''- #; ,(-

,#&-*@ B*4/&-* (+ '/4)*1 /1*?&/+* -9/4* (2 3,(4, +# 0&2= L* ,/1 ;/('*1 +##

3(+, +(2% '(++'* .0*%,#&21- +,/+ 0/2 /B#&+ -#('(2. +,* ;&02(+&0* /21 +,*

B*1-= R(+, 4*0+/(2 ,#&21- +,/+ 1(1 2#+ &21*0-+/21 #01*0- /21 3(+, / 90(:<

(+(A* 7/-*2F(@ #0 1#.<4/+@ +,/+ 4#:9'*+*'% -+#2*<3/''*1 ,(:= [2+(' -#:*#2*

0*4#::*21*1 ,* +0% #&+ +,(- )(21 #; -,**91#.= D,*-* 3*0* +,* #2'%/2(:/'- 4/9/B'* #; -&44*--;&''% 4#:9'*+(2. 4*0+/(2 *N+0*:*'% 4#:9'(4/+*1

4/2(2* /B('(+% +*-+-= L* 3/- +#'1 +,(- 3/- B*4/&-* +,*% 3*0* 1(0*4+ 1*-4*2<

1/2+- #; +,* 3#';= E# ,* (::*1(/+*'% 0*9'(*1 +# +,* /1A*0+(-*:*2+ (2 +,*

2*3-9/9*0= L* /-)*1 / -*0(*- #; ?&*-+(#2- #2 +,* +*'*9,#2* /B#&+ +,* 0*'/<

+(#2-,(9 B*+3**2 +,*-* 1#.- /21 +,*(0 /24*-+#0-= L* *2?&(0*1 3,*+,*0

+,*(0 /B('(+(*- 0*-&'+*1 ;0#: / :#0* 1*A*'#9*1 (2+*''(.*24* +,/2 #+,*0

B0**1-= G;+*0 '(-+*2(2. +# ,(- ?&*-+(#2-@ -#:*#2* +#'1 ,(: +# 3/(+ ;#0 / ;*3

:#:*2+-= E#:*#2* *'-* 3/- .#(2. +# /2-3*0 ,(- ?&*-+(#2-= 6(2&+*- '/+*0@

GB1- E/'Y: ,*/01 ;#0 +,* ;(0-+ +(:* +,* A#(4* #; +,* 9/0/9'*.(4 O+,* '*.(+(<

:/+* #32*0 #; +,* /2(:/'-O 3,# ;0#: +,* A*0% ;(0-+ 3#01- ,* /110*--*1 +#

,(: +0(*1 +# 1*:#2-+0/+* +,/+ B#+, ,* /21 ,(- 1#.- 9#--*--*1 / -&9*0(#0

(2+*''(.*24*=

G2 ,#&0 '/+*0@ GB1- E/'Y: ;#&21 ,(:-*'; (2 +,* B*10##: #; +,* 9/0/'%+(4

O/ ?&/10(9'*.(4 3,#@ -#'*'% +,0#&., +,* -#&21- ,* &++*0*1 ;0#: ,(- +,0#/+@

+0/(2*1 +,* 1#.-@ *A*2 +# )(''= P#0 #A*0 +3# ,#&0- ,* 3/+4,*1 / )(21 #;

-,#3 +,/+ +,(- :/2 ,/1 90*9/0*1 ;#0 ,(- A(-(+#0-= R(+, +,* ,*'9 #; / -#:*<3,/+ #A*03*(.,+ 2&0-*<+0/(2*0@ ,* :/1* +,* 1#.- 9/-- +,0#&., +,* 0##: (2

+&02= GB1- E/'Y: +,*2 B*./2 +# -** ,#3 +,* 1#.- 0*9*/+*1 +,* B*,/A(#&0

X\ 6/0(# 7*''/+(2



+,/+ +,* 9/0/'%+(4 3#&'1 /2+(4(9/+*= M0(#0 +# ,(- 1*9/0+&0* +,*0* 3/- /

4/'4&'/+(#2 *00#0= 82* #; +,* 1#.- B(+ GB1- E/'Y: /21 1*-+0#%*1 9/0+ #; +,*

B'/4) +&2(4 ,* 3/- 3*/0(2.= GB1- E/'Y: 1(1 2#+ 0*+&02 +# +,* ,#&-* &2+('/ %*/0 /21 / ,/'; '/+*0= "&0(2. +,(- +(:* ,* 30#+* / B##) /B#&+ +,* *N9*0(<

*24* ,* ,/1 &21*0.#2* #2 +,/+ 1/%= L/A(2. .(A*2 (+ +# +,* 9&B'(-,*0-@ ,*

1*4(1*1 +# 0*+&02 +# +,* -4*2* 3,('* +,* 90*<9&B'(4/+(#2 3#0) 3/- B*(2.

4/00(*1 #&+= L* 3/2+*1 +# *-+/B'(-, ,#3 :&4, +0&+, +,*0* 3/- (2 3,/+ 3/-

0*90*-*2+*1= L* 2#+*1 3(+, /-+#2(-,:*2+ +,/+ -#:* 1*+/('- /99*/0*1 (2 ,(-

3#0)@ 3,(4, ,* B*'(*A*1 ,* ,/1 2#+ 2#+(4*1 1&0(2. ,(- ;(0-+ A(-(+= P#0 +,/+

0*/-#2 ,* 0*+&02*1 / 3**) /;+*0 ,(- -*4#21 A(-(+= 82 +,/+ #44/-(#2 ,* +##)

/ 4/:*0/ 3(+, ,(: O+,* -/:* #2* ,* &-*1 1&0(2. +,* 6*N(4/2 E+/21<(2

R0(+*0- I#2.0*--O /21@ /- 3/- ,(- 3#2+@ ,* +##) -#:* 0/21#: 9,#+#-= L*

1*4(1*1 +# (24'&1* +,*: (2 / 9/:9,'*+ /44#:9/2%(2. +,* B##)@ /21

90*-*2+ +,*: /- 0*/' (2-+/''/+(#2-= D,/+ (-@ ,* 90*+*21*1 +,/+ +,* 1]4#0 ,/1

B**2 4#2-+0&4+*1 B% ,(: /;+*0 30(+(2. +,* 9(*4*@ /21 2#+ +,/+ ,* ,/1 +/)*2

+,*: ;0#: 0*/'(+%=

824* +,* B##) 3/- 9&B'(-,*1@ GB1- E/'Y: 3/2+*1 / -#0+ #; 9*04*9+(#2 +#

*N(-+ -&00#&21(2. +,(- 9/0/9'*.(4 /21 ,(- +0/(2*1 1#.-= >2 #01*0 +# /4,(*A*

+,(-@ ,* 0*/4,*1 /2 /.0**:*2+ 3(+, -#:* +,*/+0* 1(0*4+#0- ;0#: +,* 4(+%3,*0*B%@ (; /-)*1@ +,*% 3#&'1 9&B'(4'% /22#&24* +,/+ +,*% 3*0* .#(2. +#

-+/.* +,* 9(*4*= D,* (1*/ 3/- +,/+ */4, 1(0*4+#0 3/- .#(2. +# 9&+ #2 / -+/.*

/1/9+/+(#2 ;0#: +,* 1(;;*0*2+ *'*:*2+- 90*-*2+ (2 +,* B##)= D,*2 +,* (1*/

3/- .*2*0/+*1 +,/+ "#. L*0#*- 3/- .#(2. +# B* 90*:(*0*1 -(:&'+/2*#&-'%

(2 1(;;*0*2+ +,*/+0*- /+ +,* -/:* +(:*= GB1- E/'Y: (24'&1*1 ,(:-*'; (2 +,*

-4,*:*@ /22#&24(2. +,/+ ,* 3/- 9*0-#2/''% .#(2. +# 1(0*4+ #2* #; +,*

/1/9+/+(#2-= E# ,* *2+*0*1 (2+# /2 /.0**:*2+ 3(+, +,* ,*/1 #; / +,*/+0*

4#:9'*N +,/+ (+ 3#&'1 B* 90#.0/::*1 2*N+ &21*0 +,* .'/-- 4/2#9%H GB1-

E/'Y:@ -+/.* 1(0*4+#0 #; ,(- #32 9(*4* #; 30(+(2.= D,*0* 3*0* 2#+(4*-

90(2+*1 (2 +,* 2*3-9/9*0-= [2+(' -&11*2'% +,*0* #44&00*1 -#:*+,(2. +,/+

4/2 ,/99*2 3(+, -# :/2% 90#1&4+(#2-H +,* 1/+* #; +,* 90*:(*0* 9/--*1

&22#+(4*1= V/4, #; +,* 9*0;#0:/24*- 3/- (.2#0*1= 6/(2'% B*4/&-* 2#B#1%

,/1 -*+ / ;(N*1 1/+* /21 9#--(B'* -9*4+/+#0- 3*0* -/+(-;(*1 3(+, +,* 9,0/-*H

^-,#3(2. -##2J= G 3*''<)2#32 +,*/+0* 40(+(4 O3,#: GB1- E/'Y: ,/1

4#2A(24*1 +# +/)* 9/0+ (2 +,* (1*/O 9&B'(-,*1 (2 / :/./Q(2* ,(- 4#::*2+-

#2 +,* 1(;;*0*2+ 3#0)- 90*:(*0*1= >+ :*2+(#2*1 +,/+ +,* -+/.*1 A*0-(#2-

,/1 ;#4&-*1 #2 +,* 4,/0/4+*0J- 90(24(9/' 4,/0/4+*0(-+(4H ,(- (::#B('(+%@ +#3,(4, *21 GB1- E/'Y: /21 +,* #+,*0 1(0*4+#0- ,/1 &-*1 +0/(2*1 1#.- +#

-+/21 ;0#Q*2 -+('' #2 9*1*-+/'- (2 / +,0*/+*2(2. /++(+&1* +#3/01- +,* /&1(<

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ X_



*24*= R,('* +,* +*N+ 3/- B*(2. 9'/%*1 #&+@ +,*-* /2(:/'- 3*0* 0*9'/4*1

*A*0% -# #;+*2 B% -+&;;*1 /2(:/'-@ B% 3##1*2 1#.-@ #0 +,*(0 -9/4* 3/- '*;+

*:9+%= D,* 4,/2.*- 3*0* :/1* 3(+, -&B+'* A/0(/+(#2- #; '(.,+=

R,*2 +,* B##) 3/- 90*-*2+*1@ +,* 9&B'(-,*0-@ 3,# 3*0* /'-# 90*9/0*1 +#

4#''/B#0/+* (2 +,* (1*/ #; +,* ;/'-* -+/.(2.-@ /22#&24*1 +,/+ +,* '/&24,

3#&'1 (2 ;/4+ B* / )(21 #; /4+ #; /9#'#.% ;#0 +,#-* 3,# ,/1 :(--*1 +,*

90*:(*0*-= GB1- E/'Y:@ 1*-9(+* 2#3 B*(2. / :*:B*0 #; +,* 6&-'(:

4#::&2(+%@ 0*?&*-+*1 +,/+ +,* *N,(B(+(#2 +/)* 9'/4* (2 / -(N+**2+, 4*2+&0%

I/+,#'(4 4,&04,= D,*0* ,* 4/''*1 / :**+(2. #; +,* 9/0+(4(9/2+- (2 +,* 9(*4*

3,(4, ,* /99*/0*1 +# ,/A* 1(0*4+*1 O+,* -+/.* 1*-(.2*0@ +,* -#&21 *2.(<

2**0@ /21 +,* '(.,+(2. 1(0*4+#0O +,#-* 3,# 3#&'1 0*4#2-+0&4+ +,* 90(24(9/'

:(-* *2 -4*2* +,0#&., 3#01-= GB1- E/'Y: ,/1 / -&090(-* 0*/1% ;#0 3,*2

+,*% ,/1 ;(2(-,*1 +,*(0 -9**4,*- +# +,* /&1(*24*= R,('* +,* 0*4#2-+0&4+(#2

3/- +/)(2. 9'/4*@ ,* ,*'1 ,(11*2 &21*0 +,* /'+/0 /+ 3,(4, +,* 90*-*2+/+(#2

4*0*:#2% 3/- +/)(2. 9'/4* / ;*0#4(#&-<'##)(2. 1#. +,/+ 3/- +0/(2*1 +#

-+/21 -+#4)<-+(''= D,(- 3/- +,* 3/% +,/+ */4, #2* #; +,* :*:B*0- #; +,*

9,/2+/-:/' 4#:9/2% 0*'/+*1 ,(- 9/0+(4(9/+(#2 (2 +,* 90#1&4+(#2H D,* -+/.*

1*-(.2*0 +#'1 #; ,(- /1A*2+&0*- '##)(2. ;#0 -+&;;*1 1#.-= L* ,/1 +*'*<

9,#2*1 -*A*0/' +/N(1*0:(-+- 3,# ;(0-+ #;;*0*1 ,(: -#:* -9*4(:*2- +,/+,/1 B**2 '*;+ +# B* -+&;;*1 B&+ 3,#-* #32*0- 2*A*0 4/:* B/4) +# 4#''*4+

+,*:= D,* 90#B'*: 3/- +,/+ +,/+ 2#2* #; +,*: ,/1 +,* )(21 #; -,**91#.

+,/+ +,* 9/0/9'*.(4 &-*1 (2 ,(- 3#0) /- / +0/(2*0= L* ;#&21 9'*2+% #;

I,(,&/,&/- /21 `#++3*('*0-@ B&+ 2# -,**91#.-= E# ,* ,/1 +# +*'' +,#-*

90*-*2+ ,#3 ,* ,/1 +# -*21 #;; -#:* 1#.- #; +,(- )(21 +# B* -/40(;(4*1 -#

+,/+ +,*% 4#&'1 B* 10(*1= D,* '(.,+(2. +*4,2(4(/2 -9#)* #; ,#3 1(;;(4&'+ (+

3/- +# )**9 +,* '(.,+ ;0#: :#A(2.= D,* +,*/+0* 40(+(4 0*/1 / A*0-(#2 #; +,*

/0+(4'* ,* ,/1 9&B'(-,*1 (2 +,* :/./Q(2*= R,*2 +,* 4*0*:#2% *21*1 /21

+,* -9*/)*0- 3*0* '*/A(2. +,* /'+/0@ GB1- E/'Y: 1*'(A*0*1 /2 *:9,/+(4

#01*0 /21 +,* 1#. -90/2. #&+ #; ,(1(2. #2+# +,* /'+/0= D,*0* ,* 0*:/(2*1@

*4-+/+(4@ 3,('* +,* ;(4+(#2/' +*N+ 4#::*24*1= G A#(4* 4#&'1 B* ,*/01 #;;<

-+/.*@ 0*9*/+*1 B% / .0#&9 #; 3#:*2 3,# 3*0* -(+&/+*1 (2 +,* 4,#(0 #; +,*

+*:9'*@ 0*9*/+(2. ;0/.:*2+- #; +,* 3#0)= D3*2+% :(2&+*- #; /B-#'&+*

+*2-(#2 *2-&*1@ 3(+, +,* 1#. #2 +,* /'+/0 -+/0(2. ;(N*1'% /+ +,* /&1(*24*=

D,#-* 90*-*2+ 1(1 2#+ :#A* (2 +,*(0 -*/+-= D,*% ;*/0*1 +,(- /..0*--(A*

B*/-+ +,/+ /99*/0*1 +# 1#:(2/+* +,*:= D,* -9*4+/4'* #; / .0#&9 #; 9*#9'*

#B-*0A(2. /2 /'+/0 90*-(1*1 #A*0 B% / 1#. 3/- ;#0 GB1- E/'Y: / :#0*;#04*;&' (:/.* +,/2 +,* -+/.(2. #; +,* 0*/' +,*/+0(4/' /1/9+/+(#2@ #0 '(:(+(2.

,(:-*'; +# +,* 3#0) B*(2. 0*/1 B% (+- /&+,#0= G+ / 4*0+/(2 :#:*2+ 3,*2

Xa 6/0(# 7*''/+(2



GB1- E/'Y: 3/- -+('' -*/+*1 (2 +,* ;(0-+ 0#3 #B-*0A(2. +,* -,#3@ ,* ;*'+ /2

(:9&'-* +# -+/21 &9 /21 /-) +,* #+,*0- 90*-*2+ 3,/+ 3/- (+ +,*% 3*0*

0*/''% 1#(2. +,*0* -(++(2. #2 4,&04, B*24,*- /1:(0(2. / -+/+(4 1#.= D,*/2(:/' 4#2+(2&*1 +,*0* (''&:(2/+*1 B% / Q*2(+,/' '(.,+= D,* /+:#-9,*0*

,/1 +&02*1 +# 1&-)= D,* 4,&04, 0*:/(2*1 &2/'+*0*1= VN4*9+ ;#0 +,* 1#.J-

*/0@ +,/+ :/1* +,* -'(.,+*-+ :#A*:*2+- 3,*2 +,* A#'&:* 3/- 0/(-*1 (2

3,(4, +,* +*N+ 3/- 0*9*/+*1=

D,*2 GB1- E/'Y: 4'*/0'% -/3 +,* 1(;;*0*24*- B*+3**2 +,* -+/.(2. #; 7*/&+%

E/'#2 /21 L*0# "#.-= GB#A* /'' ,* 4#&'1 /990*4(/+* ,#3 ,(- 40*/+(#2 0*/4,*1

1(;;*0*2+ '(:(+- 1*9*21(2. #2 3,# 3/- 9*0;#0:(2.= E#:* -9*4+/+#0- ,/1

*A*2 4#:* +# +,* B*'(*; +,/+ +,* B##) L*0# "#.- 3/- +,* 90#1&4+ #; ,(- (:/.<

(2/+(#2@ 3,('* 7*/&+% E/'#2 3/- +/)*2 ;0#: 0*/'(+%= >21**1 +,*% +,#&.,+ +,/+

GB1- E/'Y:@ B*;#0* 1%(2.@ ,/1 A(-(+*1 / 9'/4* -9*4(/''% 40*/+*1 ;#0 1*/+,@

3,(4, (2 /99*/0/24* *N(-+*1 #2 +,* #&+-)(0+- #; +,* 4(+%= G -(:('/0 *;;*4+ 3/-

90#1&4*1 (2 +,* A/0(#&- 9'/4*- 3,*0* +,* B##) 3/- 9&B'(-,*1= >2 */4, #;

+,*-* 9'/4*- #2* )2*3 #; +,* *N(-+*24* O/':#-+ :%+,<'()*O #; / -(:('/0 A*2&*=

D,* .0#&9 3,# 9*0;#0:*1 +,* '/-+ -+/.(2. #; +,* B##) O3,*0*B% GB1- E/'Y:

4#&'1 0*/1 ,(:-*'; ;#0 +,* ;(0-+ +(:* +# ,(:-*';O ;#&21 #2* #2 / ,(''+#9 -(+&<

/+*1 2*/0B%= D,* +*/: 0*,*/0-*1 +,* 3#0) (2-(1* +,* ;/4('(+%= >+ -**:*1 +#GB1- E/'Y: +,/+ /+ +,* 90*-*2+ :#:*2+@ /21 2#+ 3,*2 (+ 3/- -+/.*1@ +,*

9(*4* ;&';(''*1 (+- (2(+(/' (2+*2+(#2 :&4, :#0* *;;*4+(A*'%H +,/+ #; 0*;*00(2.

-#'*'% +# +,* 9'/.&* /21 2#+ +# / 4*0+/(2 (''2*-- +,/+ 3/- -90*/1(2.

+,0#&.,#&+ +,* 3#0'1 3,('* +,* B##) 3/- B*(2. 30(++*2= 82'% 2#3@ /;+*0 +,*

/&+,#0J- 1*/+,@ 3,*2 /'' +,/+ 0*:/(2- #; GB1- E/'Y: /0* +,* 0*:2/2+- #; ,(-

B'/4) +&2(4- /21 +,* ,/';<;(''*1 F/0- #; ,(- #32 :*1(4(2*-@ (- 7*/&+% E/'#2

4/9/B'* #; ;#4&-(2. #2 +,* 9'/.&* ;0#: /2 /':#-+ B(B'(4/' 9*0-9*4+(A*=

E#:* %*/0- /;+*0 ,(- 1(-/99*/0/24*@ 3,*2 ,(- :%-+(4/' :/00(/.*@ #0 ,(-

1*/+, (2 / E&;( -*2-*@ 3/- /':#-+ ;#0.#++*2@ GB1- E/'Y: B*./2 +# 0*/'(Q*

+,/+ ,* 3/- :(--(2. /2 /0:= >+ :/% -**: 4&0(#&-@ B&+ 1*-9(+* ,/A(2. B**2

B#02 3(+,#&+ +,(- '(:B@ (+ 3/- #2'% +,*2 +,/+ +,* (24(1*2+ -**:*1 +# +/)*

#2 / 4*0+/(2 (:9#0+/24*= E# +,* /0+(;(4(/' /0: +,/+ ,* ,/1 &-*1 ;#0 / 4#2-(1<

*0/B'* 9/0+ #; ,(- '(;* /99*/0*1 #2 +,* -40**2 #; +,* 1(1/4+(4 :/4,(2*= 82*

4#&'1 /'-# -** +,* 1(;;*0*2+ ./1.*+- +,/+ / -*0(*- #; /0+(-+- ,/1 :/1* ;#0

,(: /- /2 /'+*02/+(A* +# #0+,#9/*1(4 -&0.*0%= D,*0* 3*0* 9(0/+*<-+%'*

,##)-@ -('A*0<4#'#&0*1 9*2(-*- /21 :*+/' 4#2*-= >::*1(/+*'% /;+*03/01-@3* -/3 /2 /24(*2+ GB1- E/'Y:@ /':#-+ (1*2+(4/' +# +,* #'1 6/0(# 7*''/+(2@

3,#: 3* ,/1 #B-*0A*1 /+ +,* B*.(22(2. #; +,* -*--(#2@ /2N(#&- +# 9#--*--

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ Xb



/2 /0: '()* *A*0%#2* *'-*= L* -/(1 (+ (2 ;0#2+ #; /'' #; &-= GB1- E/'Y: ./A*

+,* (:90*--(#2 #; 2#+ )2#3(2. 3,/+ +# 1# 3(+, +,(- 1*;(4(*24%= R* 1(1 2#+

)2#3 *N/4+'% 3,*+,*0 3,/+ ,* :(--*1 :#-+ 3/- +,* ;&24+(#2 /2 /0: 4#&'14/00% #&+ #0 (; ,* 3/2+*1 +# ;('' +,* A/4/2+ -9/4* -,#32 &9 B% (+- /B-*24*=

>+ -**:- +,/+ +,* (1*/ #; 4#09#0*/' -('*24*@ 2#+ ,/A(2. /2%+,(2. +# -&-+/(2

+,* -&99#-*1 -%::*+0% +,/+ *A*2 ,(- 2*3 0*'(.(#2 #B'(.*1 ,(: +# :/(2+/(2

;#0 4*0+/(2 *44'*-(/-+(4 0#'*-@ 3/- 3,/+ :/++*0*1= L* *N9'/(2*1 +,/+ +,*

-*2-/+(#2 #; '#-- 90*A*2+*1 ,(: ;0#: 4/00%(2. #&+ 4*0+/(2 /4+(A(+(*- +,/+

,/1 2#+,(2. +# 1# 3(+, +,* 90/4+(4/' #01*0 #; +,(2.-= 7*;#0* #&0 *%*- ,*

/99*/0*1 +# 1(-4#A*0@ 3* 2#+*1 (+ B% ,(- .*-+&0* #; -&090(-* 3,*2 +*''(2.

&-@ +,/+ ,* 2**1*1 / )(21 #; /0+(;(4(/'(+% 4/9/B'* #; 0*9'/4(2. +,* A/4&&:

(2 ,(- B#1%= E#:*+,(2. +,/+ B#+, &21*0'(2*1 +,* 1*;(4(*24% /21 3/-

4/9/B'* #; 0*9/(0(2. (+= L* 1(1 2#+ 3(-, +# /./(2 0*-#0+ +# +,* 3#0'1 #;

#0+,#9/*1(4-@ 3,(4, ,* 3/- +/)*2 +# /- / 4,('1= D,* (1*/ #; 4#2-+0&4+(2. /

,/21 ;#0 ,(: +,/+ /++*:9+*1 +# -(:&'/+* +,* #0(.(2/' 3/- 1(-/.0**/B'* +#

,(:= >2 +,(- -9,*0*@ .*2*0/''% -9*/)(2.@ 0/+,*0 +,/2 ;#4&-(2. #2 3,/+ (-

;/'-*@ +,*0* (- /2 /++*:9+ +# ,(1* (+= E#:* %*/0- /.# ,* ,/1 4/00(*1 #&+ /2

*N9*0(:*2+@ +,* 0*-&'+- #; 3,(4, ./A* ,(: +,* )*% +# 0*-#'A(2. +,*

90#B'*:= G+ +,/+ +(:* ,* &-*1 / +0/1(+(#2/' 90#-+,*-(- /21 #2 /00(A/' /+ /

4*0+/(2 4(+% /B0#/1 ,* ;*'+ 0*F*4+*1 B% +,* 9*#9'*= E# ,* 3*2+ +# / ;0(*213,# &-*1 +# :/)* :/-)- ;#0 4/02(A/'<+%9* *A*2+-@ 3,# 4#24#4+*1 / .(/2+

9/9(*0 :/4,] ,##) -+&11*1 3(+, ;/24% .*:-= D,/+ -/:* 1/%@ 3,*2 ,* +##)

+# +,* -+0**+- #; +,* &2)2#32 4(+%@ ,* 2#+(4*1 +,/+ +,* /0+*;/4+ .*2*0/+*1

/ -#0+ #; F#%;&' /:/Q*:*2+ (2 +,#-* 3,# 4/:* /40#-- (+= P0#: +,*2 #2@

GB1- E/'Y: )2*3 +,/+ ,(- 2*N+ '(:B :&-+ 1*;(2(+*'% 4#:* ;0#: +,* 3#0'1

#; +,* A(-&/' /0+-= 82 0*+&02(2. +# ,(- 2/+(A* 4(+% ,* +*'*9,#2*1 #2* #; +,*

:#-+ (:9#0+/2+ /0+(-+- #; +,* 1/%H M(*00* L&%.,*= G;+*0 / ;*3 *24#&2+*0-@

+,* /0+(-+ +,#&.,+ #; / -*0(*- #; 9#--(B'* /0:- ;#0 GB1- E/'Y:= R,('*

9#--*--(2. / 90/4+(4/' ;&24+(#2 O+,*0* (- / -)*+4, #; #2* +,/+ (- 4/9/B'* #;

4/00%(2. /2 (9,#2*@ / 2/(' 4&++*0 /21 / ./- -90/% +# 90#+*4+ +,* /&+,#0J-

9,%-(4/' -*4&0(+%O +,*% /'-# ,/1 / 4*0+/(2 /*-+,*+(4 *'*:*2+=

D,* 90#9#-(+(#2 +,/+ GB1- E/'Y: 9&+ +# +,* /0+(-+ ,/1 9*0,/9- +# 1# 3(+,

+&02(2. +,* /44(1*2+@ +,* /B-*24* #; +,* ,/21@ (2+# / 4#::&2/' *A*2+=

>2-+*/1 #; / 4,/0/4+*0(-+(4 +,/+ F&-+ B*'#2.*1 +# ,(:@ (+ 3#&'1 B*4#:* /

90/4+(4* +,/+ (2A#'A*1 #+,*0-= GB1- E/'Y: (:/.(2*1 :/)(2. /2#+,*0 #; ,(-

30(+(2. VA*2+- +,/+ 3#&'1 :/2/.* +# +&02 +,* A#(1 #; ,(- :(--(2. /0: (2+#/ )(21 #; 9&B'(4 ./01*2c /2 /2#2%:#&- -9/4* +,/+ */4, /21 *A*0% #2* #;

&- ,/- +,* 0*-9#2-(B('(+% ;#0 :/(2+/(2(2. (2 9*0;*4+ #01*0= 6/%B* +,* .*0:

Xd 6/0(# 7*''/+(2



#; +,* (1*/ 4/:* ;0#: +,* B(''B#/01- ,* &-*1 +# 0*/1 (2 +,* 9/0)- (2 ,(-

#32 4#&2+0%H e"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('<

10*2 1*-+0#% (+f= D,/+ -/:* -*2+*24* +,/+ +,* 30(+*0 6/'4#': W#30% 0*/1(2 +,* -/:* 9/0)- /21 &-*1 /- / '*(+:#+(; (2 ,(- B##) [21*0 +,* g#'4/2#@

+,* B*-+ 6*N(4/2 2#A*' 30(++*2 +# 1/+*= >2 +,* B#1% #; GB1- E/'Y: +,* *A*2+

#; +,* :(--(2. '(:B (- -,#32 /- / -#0+ #; 4#(24(1*24*= `*90*-*2+*1 (2 ,(:

(- -#:*+,(2. +,/+ B*'#2.- +# *A*0%#2*= >2 +,* :%-+(4 ./Q* #; GB1- E/'Y:@

+,*0* 3('' 2#+ B* / -(2.'* 9*0-#2 3(+, +3# /0:-@ 3,('* ,* (- :(--(2. ,(-=

G '#2. -('*24* ;*'' #A*0 +,* /&1(+#0(&: 3,*2 GB1- E/'Y: :*2+(#2*1 -&4,

+,(2.-= D,* 1(-4&--(#2- 3,(4, 3* +,* -9*4+/+#0- ,/1 B**2 *2./.*1 (2 *A*0%

;*3 :(2&+*- 4/:* +# /2 /B0&9+ ,/'+= D,* +*/4,*0 3,# 3/- 0&22(2. +,*

-*--(#2 +,*2 -+##1 +# #2* -(1* #; +,* -40**2 /21 +#'1 +,#-* 90*-*2+ +,/+ ,*

3/- .#(2. +# +&02 #;; +,* :/4,(2* ;#0 / ;*3 :(2&+*-= D,/+ :*/23,('* ,*

3#&'1 -9*/)@ 9*0-#2/''%@ #; / 4*0+/(2 3#0) +,/+ GB1- E/'Y: ,/1 40*/+*1

-#:* +(:* /.#= >+ 3/- 4/''*1 > /: +,* /&+,#0 #; +,(- B##)@ (2 3,(4,@ B%

:*/2- #; / -*0(*- #; 4#:9'(4/+*1 90#4*1&0*-@ ,* +0(*1 +# 9#0+0/% +,0#&.,

(:/.*0% 4*0+/(2 10*/:- /21 90*:#2(+(#2-= R(+, +,(- ,* -**:*1 +# B*

9&++(2. (2+# 90/4+(4* #2* #; ,(- +%9(4/' 30(+(2. VA*2+-= >2 +,(- 4/-* (+ 3/-

#2* *:/2/+(2. ;0#: ,(- (22*0 -#&'@ /-@ (2 / -#0+ #; &24#2-4(#&- ;/-,(#2@GB1- E/'Y: '()*1 +# 1*-40(B* / 4*0+/(2 *N*04(-* +,/+ ,* &-*1 +# 1#= D,*

+*/4,*0 /'-# (2?&(0*1 (2+# +,* 90#9,*+(4 2/+&0* #; +,* 3#0)-= D3# #; #&0

/&+,#0J- #B-*--(#2-=

R(+,#&+ ;&0+,*0 /1#@ +,* 1(1/4+(4 :/4,(2* -+/0+*1 &9 /./(2= D,* -40**2 '(+

&9 -,#3(2. / 4'#-*<&9 #; / ;/4* 3,(4,@ /44#01(2. +# +,* +*/4,*0@ 3/- /

4&00*2+ -,#+ #; GB1- E/'Y:= S#B#1% &21*0-+##1 3,*+,*0 (+ 3/- / :/-)@ /2

#0+,#9/*1(4 ;/4*@ #0 +,* ;/4* ,* ,/1 B**2 .(A*2 B% +,* #+,*0 3#0'1= GB1-

E/'Y: -9#)* /./(2= L* 4#2;*--*1 ;#0 +,* -*4#21 +(:* +,/+ ,* ,/1 1*'(B*0<

/+*'% 4#9(*1 +,* 3#0)- #; #+,*0 /&+,#0-= S#+ /- / +0/2-40(9+(#2 *N*04(-*@ /2

/4+(A(+% +,/+ ,* 90/4+(4*1 /B#A* /'' (2 ,(- %#&+,@ B&+ #;+*2 +# 9/-- +,*: #;;

/- ,(- #32= L* *N9'/(2*1 +,/+ ,* ,/1 B*.&2 3,*2 /;+*0 ,(- 1*/+, ,* 3*2+

(2+# / -*A*0* 1*90*--(#2@ 3,(4, ,* ,/1 +0(*1 +# 4#2+0#' 3(+,#&+ +,* &-* #;

:*1(4/+(#2= G'+,#&., ,(- ;/:('% +0*/+*1 +,*:-*'A*- 3(+, :*1(4(2*- 3(+,

2# *N9(0% 1/+* O/- ,/1 B**2 90#A*2 B% +,#-* 3,# #9*2*1 ,(- 9*0-#2/'

:*1(4/' 4,*-+ ;(;+% %*/0- /;+*0 ,(- 9,%-(4/' 1(-/99*/0/24*O GB1- E/'Y: 3/-

2#+ 90*9/0*1 +# 9&+ &9 3(+, +,* A/-+ ?&/2+(+% #; -*4#21/0% *;;*4+- +,/++,*-* 4/&-*1 ,(:= G;+*0 ,(- 1*/+, O3,*2 ,* -,#&'1 ,/A* -+/0+*1 +/)(2. +,*

:*1(4(2*O ,* -&;;*0*1 9/2(4 /21 /2.&(-, /++/4)-= G'-# / 4*0+/(2 -+/+* #;

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ Xh



1*-9/(0= L* '##)*1 ;#0 ,*'9 ;0#: / +,*0/9(-+ -9*4(/'(Q*1 (2 #0+,#1#N

9-%4,#'#.(4/' /2/'%-(-= L* *21&0*1 -*A*0/' :#2+,- #; -&;;*0(2. +,/+

-+#99*1 3,*2 ,* -/3 / 9-%4,(/+0(-+ 3,# 90*-40(B*1 +,* 0(.,+ 9('' +# +/)*,(: #&+ #; +,* -+/+* ,* 3/- (2= P#0 +,* +(:* ,(- :/0+%01#: *21&0*1@ +,*

#2'% /4+(A(+% ,* 3/- 4/9/B'* #; 3/- +,* 40*/+(#2 #; / 9(*4*@ 3,(4, ,* 4/''*1

D,* "/% #; +,* 6#2)*% /21 +,* M/+(*2+= G+ ;(0-+ (+ 3/- 1#2* (2 / -*0(*- #;

30(+(2.-@ (2 +,* ;#0: #; '*++*0- +,/+ ,* 30#+* +# +,* #0+,#1#N /2/'%-+ -#

+,/+ ,* 3#&'1 &21*0-+/21 ,(- -(+&/+(#2= L* 1(1 +,(- B*4/&-* (2 +,* 1/('%

+,*0/9% -*--(#2- ,* /++*21*1@ ,(- /2/'%-+ ,/1 (2-+/''*1 +,* 0(.#&0 #; -('*24*

/- 4*2+0/' +# ,(- 4&0*= M0*4(-*'% /+ +,(- +(:* GB1- E/'Y: 0*4*(A*1< ,* ;(0-+

+,#&.,+ (+ 3/- / :(-+/)*@ B&+ /;+*0 0*/'(Q(2. +,/+ ,* 3/- (2 / -+/+* +,/+

4#&'1 B* ?&/'(;(*1 /- /'(A*@ ,* +##) (+ /- '#.(4/'< /2 (2A(+/+(#2 +# 9/0+(4(9/+*

(2 / +0(B&+* +,/+ 3/- +# :/0) +,* ,&210*1+, /22(A*0-/0% #; +,* 30(+*0

E/:&*' 7*4)*++= >2 -9(+* #; +,* 40(-(- ,* 3/- .#(2. +,0#&.,@ GB1- E/'Y:

/44*9+*1= L* 1(1 2#+ -**: 4#2-4(#&- #; +,* 4#2-*?&*24*- +,(- 4#&'1 B0(2.

,(:= D,*2 ,* ;#0.#+ /B#&+ (+ /'+#.*+,*0= G 3**) B*;#0* ,(- 9/0+(4(9/+(#2 ,*

0*4*(A*1 +,* 90#.0/::* (2 3,(4, ,(- 2/:* 3/- 90(2+*1= L* ;*'' (2+# /2

*A*2 .0*/+*0 9/2(4 +,/2 +,* #2* 3,(4, ,/1 /'0*/1% +/)*2 ,#'1 #; ,(:= 82*

#; +,* ;*/+&0*- #; ,(- :*2+/' -+/+* 3/- +,/+@ 4&0(#&-'%@ ,(- -*2-* #; 0*-9#2<

-(B('(+% ,/1 (2+*2-(;(*1 +# /2 *N+0/#01(2/0% 1*.0**= L* 3/- (2 10*/1 #; ,/A(2. 4#::(++*1 ,(:-*'; /21 2#+ ;&';(''(2. 3,/+ ,/1 B**2 /.0**1= D,*

#2'% +,(2. ,* 4#&'1 4#&2+ #2 3*0* +,* +*N+- +,/+ ,* ,/1 30(++*2 +# 9#0+0/%

,(- 40(-(- +# +,* 9-%4,#'#.(-+= L* +,*2 1(1 -#:*+,(2. *N4**1(2.'% -(''%@

3,(4, ,* 1(1 3(+,#&+ +,(2)(2.= [21*0 +,* +(+'* D,* "/% #; +,* 6#2)*% /21

+,* M/+(*2+ ,* 9'/4*1 +,* 2/:* #; E/:&*' 7*4)*++@ /- (; ,* 3*0* +,* /&+,#0

#; +,* :*--/.*- +# +,* /2/'%-+= L* +,*2 ,/21*1 #A*0 +,* +*N+ +# / +,*/+0*

1(0*4+#0 /21 /-)*1 ,*0 (; -,* 3*0* /B'* +# 9&+ #2 /2 *:*0.*24% -+/.(2. #;

+,/+ :/+*0(/'= E+0/2.*'% *2#&.,@ +,* (2,*0*2+ .&('+ (2A#'A*1 (2 1#(2. +,(-

B0#&.,+ /B#&+ / 4*0+/(2 0*4#A*0% #; ,(- *:#+(#2/' *?&('(B0(&:=

7&+ +,(- 30(+(2. VA*2+ 3/- 2#+ +,* #2'% #2* #; +,(- )(21 +,/+ GB1- E/'Y:

1(1 (2 +,#-* %*/0-= 82 /2#+,*0 #44/-(#2 ,* 4#9(*1 ;0/.:*2+- #; D,* 6*+/<

:#09,#-(- B% P0/2Q i/;)/@ +0/2-;#0:(2. B(+- #; +,* 2/00/+(#2 (2+# / 2*3

+*N+= L* #2'% &-*1 +,* 3#01- +,/+ +,* /&+,#0 ,/1 *:9'#%*1 (2 +,* #0(.(2/'

+/'*= 824* /./(2 ,* 3/- 10/32 B% +,* ;/4+ #; 3#0)(2. 3(+, /2 /&+,#0 3,#:

,* ,/1 )2#32 '(++'* 3,*2 /'(A*= >2 +,* #2'% 9'/4* 3,*0* ,* ,/1 ;#&21 ,(-

+0/('@ ,(- +0/4*-@ 3/- 1&0(2. / A(-(+ GB1- E/'Y: :/1* +# / -/2/+#0(&: (2E3(+Q*0'/21= GB1- E/'Y: +#'1 &- +,/+ ,* 0*:*:B*0*1 9*0;*4+'% +,* *A*2(2.

3,*2 ,* 3/- -,#32 ,(- 0##:< ,* 3/- (2 #2* #; +,* 4'(2(4- 40*/+*1 B%

XU 6/0(# 7*''/+(2



`&1#'; E+*(2*0< 3,*0* *(.,+% %*/0- */0'(*0 P0/2Q i/;)/ ,/1 B**2 / 9/+(*2+=

S*A*0+,*'*--@ ,* -/(1 #2 -40**2 +,/+ (2 +,* &2(A*0-* (2 3,(4, ,* ;#&21

,(:-*';@ (:/.*- /21 3#01- 3*0* ;'#/+(2. (2 / 4#2-+/2+ &2*21(2. -+0*/:@3,*0* (+ 3/- &24'*/0 3,*0* +,* B#&21/0(*- 3*0* B*+3**2 #2* 3#0) /21

/2#+,*0 /21 '*-- -+('' 3/- #2* /3/0* #; 3,*0* +,* /4+&/' B#1% #; /2 /&+,#0

#0 ,(- (1*/- *21*1= 824* ,* ,/1 +0/2-;*00*1 D,* 6*+/:#09,#-(- +# /2#+,*0

B##)@ 4#:9'*+*'% -+0(99*1 ;0#: +,* 4*2+0/' /2*41#+* O+,/+ #; +,* +0/2-;#0<

:/+(#2O +,* +*-+(:#2% 0*:/(2*1 #; -#:*#2* 3,# 4/22#+ 0*4#24('* 10*/:

/21 *N9*0(*24*- /21 /- / 0*-&'+ *N9*0(*24*- 9*0+&0B/+(#2- +,/+ :/)* ,(:

;**' /':#-+ '()* /2 (2-*4+= GB1- E/'Y: :#1(;(*1 -#:*#2* *'-*J- +/'* +#

40*/+* / 2*3 +*N+= D,* +/'* +,/+ 0*-&'+*1 ;0#: +,/+ *N9*0(*24* -*0A*1 +#

/44#:9/2% +,* (:/.*- #; / 4*0+/(2 9,#+#.0/9,*0 3,# ,/1 /-)*1 ,(: (;

+,*% 4#&'1 1# / B##) +#.*+,*0= R,*2 +,* 4,#-*2 9,#+#- /00(A*1@ GB1-

E/'Y: 2#+(4*1 / -*0(*- #; (:/.*- 9#0+0/%(2. *:9+% ,#&-*-= G9/0+ ;0#: +,/+

1*+/('@ ,* 4#&'1 2#+ ;(21 /2% #+,*0 1*;(2(2. 4,/0/4+*0(-+(4= D,* #2'% +,(2.

,* 2#+(4*1 (2 +,*: 3/- +,* 1&:B 2/+&0* #; +,* #BF*4+- 0*90*-*2+*1= >+

-**:*1 +# ,(:@ /'+,#&., ,* 2*A*0 )2*3 3,%@ +# B* 9*0;*4+ ,#&-*- ;#0

(2-#:2(/4-=

G+ +,/+ :#:*2+ 3*@ +,* -9*4+/+#0- /+ +,* 4#2;*0*24*@ '##)*1 /+ +,* 9,#+#-#; +,* ,#&-*- -*2+ B% +,* 9,#+#.0/9,*0= V-+/B'(-,(2. / -#0+ #; 1(/'#.&*

3(+, +,* -40**2 #; ,(- (2A*2+(#2@ +,* +*/4,*0 /;;(0:*1 +,/+ 3,*2 ,* -/3

+,*:@ +,*% /99*/0*1 +# ,(: +# B* '#2*'% 0/+,*0 +,/2 1&:B= GB1- E/'Y:

-+#99*1 -9*/)(2.= j&-+ /+ +,/+ :#:*2+ +,#-* 90*-*2+ 0*/'(Q*1@ -#:* #; &-

3(+, +0*9(1/+(#2@ +,* 9#--(B'* *N(-+*24* #; / 0*/' (2+*04,/2.* #; -9**4,

B*+3**2 +,* /&1(+#0(&: /21 +,* (:/.* #; +,* 30(+*0 +,/+ 3* 3*0* -**(2.=

D,* -,#+- 3,*0* GB1- E/'Y: /99*/0*1 ,/1 2#+ B**2 0*4#01*1= E,/:*;&''%

3* 0*/'(Q*1 +,/+ +,* /&+,#0 ,/1 B**2 '(-+*2(2. /'' +,* +(:* +# +,* 4#::*2<

+/0(*- #2 +,* ;'##0= P0#: ,(- -('*24* GB1- E/'Y: ./A* +,* (:90*--(#2 +# B*

-+('' :&''(2. #A*0 +,* A(*3 9&+ ;#03/01 B% +,* +*/4,*0= R,*2 ,* -9#)* /./(2

,* -/(1 +,/+ '#2*'(2*-- 3/- 2#+ 2*4*--/0('% +# B* ;#&21 (2 +,#-* ,#&-*-= D#

0*;*0 +# +0&* '#2*'(2*--@ ,* /;;(0:*1@ #2* 3#&'1 ,/A* +# '##) +# +,* 4#'&:2

3,(4, +,* ;(':<:/)*0 W&(- 7&k&*' O3,#: ,* :*+ #2 / 4*0+/(2 -&::*0

*A*2(2.O '*;+ /B/21#2*1 (2 +,* :(11'* #; 2#3,*0* /;+*0 ;(':(2. +,* :#A(*

E(:#2 #; +,* "*-*0+=

M0#:9+*1 B% +,* /99*/0/24* #; +,* +,*:* #; '#2*'(2*-- (2 +,* 4#'&:2@GB1- E/'Y: 0*4/''*1 +,* +(:* ,(- 90*-*24* 3/- 0*?&(0*1 (2 / 4#2.0*-- #2

4(2*:/ /21 :%-+(4(-:= D,* (2A(+/+(#2 /-+#2(-,*1 ,(:= G9/0+ ;0#: ;**'(2.

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ XT



,#9*'*--'% (''@ ,* 1(1 2#+ ;**' ,(- (2+*''*4+&/' 90#;('* 3/- &9 +# +,* :/0) ;#0

+,* *A*2+= G- (2 /'' -&BF*4+- +,/+ ,* (- 9/--(#2/+* /B#&+@ ,* ,/1 2#+,(2. (2

9/0+(4&'/0 +# *N90*--= 7#+, #2 :/++*0- 0*'/+(2. +# 4(2*:/ /21 :%-+(4(-:@,* 3#&'1 ,/A* 90*;*00*1 +# '(-+*2 +# 3,/+ +,* #+,*0- ,/1 +# -/%= L#3*A*0@

+,* #2'% 9#--(B'* 3/% #; /++*21(2. +,* *24#&2+*0 3/- /- / -9*/)*0= L*

0*4/''*1 +,/+ -#:*#2* ,/1 +#'1 ,(: +,/+ +,* 4#'&:2 ;0#: 7&k&*'J- ;(': O/

;(': +,/+ GB1- E/'Y: ,/1 2*A*0 :/2/.*1 +# /990*4(/+* 3,*2 /'(A*O 3/-

/B/21#2*1 (2 /2 /0*/ #; 3/-+* .0#&21 #2 +,* #&+-)(0+- #; +,* 4(+% (2 3,(4,

,* 3/- '(A(2.= GB1- E/'Y: +,*2 .#+ ,(:-*'; (2A#'A*1 (2 +,* +/-) #; ;(21(2.

/ 0*4*2+ 9(4+&0* #; +,* 4#'&:2= G- #2* :(.,+ (:/.(2* OGB1- E/'Y: ,/1

B**2 B&0(*1 ;#''#3(2. / '*2.+,% 4*0*:#2% (2 3,(4, / -*0(*- #; "*0A(-,*-

1/24*1 /0#&21 ,(- '(;*'*-- B#1%O ,* 3/- 2#+ /B'* +# 9*0-#2/''% .# +# +,*

9'/4* 3,*0* (+ '/% ;#0.#++*2@ B&+ ,* 0*9*/+*1'% 0*?&*-+*1 +,/+ -#:*#2* .*+

,(: / 9,#+#= G+ +,/+ +(:* ,* #2'% :/1* -9#0/1(4 /99*/0/24*- (2 0*/' '(;*=

D,/+ (- 3,% 3* 3*0* /'' /-+#2(-,*1 3,*2 3* -/3 ,(: /99*/0 #2 +,*

:/4,(2* +,/+ +,* +*/4,*0 9'/4*1 (2 +,* :(11'* #; +,* 4#2;*0*24* ,/''=

P(2/''% ,* .#+ / 9*0;*4+ 0*90#1&4+(#2= G99/0*2+'% (+ 3/- +/)*2 B% / 90#;*-<

-(#2/' 9,#+#.0/9,*0= >+ #2'% -,#3*1 +,* +(9 #; +,* 4#'&:2= G+ +,* *1.*- #;

+,* 9(4+&0* #2* 4#&'1 -** -#:* B(B'(4/' 4,/0/4+*0-= 82 #2* #; +,* 4#02*0-@

/':#-+ B% 4,/24*@ #2* 4#&'1 -** / '/:99#-+= GB1- E/'Y:@ /;+*0 /1:(0(2.+,* 9,#+# ;#0 / ;*3 1/%-@ -*2+ (+ +# B* ;0/:*1 /- (; (+ 3*0* / 0*'(.(#&- (''&-<

+0/+(#2= L* /'-# #01*0*1 / -*0(*- #; *2.0/A(2.- #; +,* 4#'&:2@ 3,(4, ,*

'/+*0 ,/21*1 #&+ +# ,(- 2*(.,B#&0-= D,* 2*N+ 1/% ,* 3*2+ B/4) +# +,*

,#&-*- ,* ,/1 A(-(+*1@ B&+ +,(- +(:* *?&(99*1 3(+, ,(- &-&/' 4/:*0/@ 3(+,

3,(4, ,* ,/1 9#0+0/%*1 +,* 6*N(4/2 E+/21<>2 R0(+*0- I#2.0*-- +,/+ ,*

#0./2(Q*1 3,*2 ,* 3/- -+('' 6/0(# 7*''/+(2= 82* B% #2* ,* 9,#+#.0/9,*1

,(- 2*(.,B#&0-@ 3,#: ,* /-)*1 +# ,#'1 (2 ;0#2+ #; +,* 4/:*0/ +,* 90(2+-

,* ,/1 .(A*2 +,*: +,* 90*A(#&- 1/%= GB1- E/'Y: 3/- .#(2. +# +0% +# :/)*

+,#-* 90*-*2+ /+ +,* ;#0&: #2 4(2*:/ /21 :%-+(4(-: B*'(*A* +,/+ ,(- 2*(.,<

B#&0- 3*0* :*:B*0- #; / ;0/+*02(+% +,/+ ,/1 B**2 ;#0:*1 /0#&21 +,* '#-+

4#'&:2= D,* +*N+ +,/+ /44#:9/2(*1 +,* 9,#+#- #; +,* 2*(.,B#&0-

:*2+(#2*1 +,/+ / .0#&9 #; 9*#9'* ,/1 1*4(1*1 +# ;'** +,* 4(+% +# (:90#A*

+,*(0 ?&/'(+% #; '(;* /21 ,/';3/% /'#2. +,*(0 9('.0(:/.* *24#&2+*0*1 +,*

4#'&:2 ;0#: +,* :#A(* +,/+ W&(- 7&k&*' ,/1 ;(':*1 1*4/1*- */0'(*0= D,*-*

9*#9'* O3,# ,/1 2# )2#3'*1.* 3,/+-#*A*0 #; +,* ;(':(2.< 1*4(1*1 +# +/)*

+,(- /:/Q(2. *A*2+@ +,* 1(-4#A*0% #; -&4, /2 #BF*4+@ /- / -/40*1 -(.2 +,/+

#B'(.*1 +,*: +# 0*:/(2 ;#0*A*0 (2 (+- 90#N(:(+%= E##2 +,*% B*./2 +# /--(.24&0/+(A* 9#3*0- +# +,* :#2&:*2+@ /21 +,(- 3/- ,#3 +,* :%+, #; +,* +0&+,

#; +,* 4#'&:2 *N+*21*1 /40#-- / '/0.* -*4+(#2 #; +,* 9#9&'/+(#2=

XX 6/0(# 7*''/+(2



G+ / .(A*2 :#:*2+@ -4/04*'% '##)(2. /+ +,#-* 90*-*2+ /+ +,* 4#2;*0*24*@ +,*

:/-+*0 -/(1 +,/+@ 1*-9(+* ,(- /;;(0:/+(#2- #2 -40**2@ GB1- E/'Y: 2*A*0

)2*3 3,/+ 3/- :*/2+ B% 40*/+(2. 3(+,#&+ 40*/+(2.@ #0 3,/+ +,* #BF*4+ #; ,(- ;/:#&- 30(+(2. VA*2+- 3/-= D,* *N9'/2/+(#2- +,/+ ,* 4/:* &9 3(+,

/99*/0*1 +# ,/A* B**2 ;#0:&'/+*1 :*0*'% /- / 90*+*N+ +# 4#2+(2&* /'(A*

1*-9(+* +,* 4(04&:-+/24*-=

G- (- '#.(4/'@ +,* 1(1/4+(4 :/4,(2* 1*A(-*1 B% +,/+ +*/4,*0 2*A*0 *N(-+*1=

S#0 +,* 4#2;*0*24* #;;*0*1 (2 ,#2#&0 #; 6/0(# 7*''/+(2= D,* +*/4,*0@ 3,#-*

4,/0/4+*0 (2 0*/'(+% (- /'-# (2 1#&B+@ -/(1 +,/+ +,* ;(.&0* #; +,* /0+(-+ -,#&'1

/'3/%- B* /B#A* +,* &-* #; .(::(4)-= `*:#A*1 ;0#: ,##)-@ ;'#3*0- /21

4#'#&0*1 -+/0-= "&:B /21 /B-*2+= R(+, +,* 4,/0/4+*0(-+(4- +%9(4/' #; /

1*/1'% (2;*4+(#2 ;0#: +,* 3#0'1 #; ;(4+(#2@ #; / 4#2;*0*24* #; 9,/2+#:

30(+*0-@ #; +,* 4#'&:2 /- / 4*2+0/' 4,/0/4+*0 #; /2 &2;#0.*++/B'* ;(':@ #;

+,* -+/.(2. #; /2 /9#40%9,/' 3#0) B% E/:&*' 7*4)*++ #0 +,* *24#&2+*0 3(+,

P0/2Q i/;)/ (2 /2 *-#+*0(4 0##:= 80 *'-* 3(+, +,* +0/1(+(#2/' /++0(B&+*- #;

/ :%-+(4 3*11(2. O3,*0* +,* +3(0'(2. 1*0A(-,*- 40*/+* +0&* +(:* /21

-9/4*O #0 +,/+ #; / 30(+(2. VA*2+@ 3,*0* +,* :#-+ (:9#0+/2+ *'*:*2+ (-

9*0,/9- +,* +*2-(#2 +,/+ (- 4/9/B'* #; .*2*0/+(2. +,* 1#. +,/+ GB1- E/'Y:

:/2/.*1 +# 9'/4* #2 / 4*0+/(2 2(.,+ #2 / I/+,#'(4 /'+/0 #0 +,* 0*-(-+/24* +#9/(2 -,#32 B% */4, #2* #; +,* 4,/0/4+*0- (2 +,* B##) +,* EQ*4,&/2 E4,##'

#; L&:/2 E&;;*0(2.= M*0,/9- %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 D,*2

9'*/-* 1# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+f= D,/2) %#&=

D0/2-'/+*1 B%H M*2*'#9* V/1*-=

!"# %#& '()* +,(- ./01*2 3,(4, (- %#&0-5 "# 2#+ '*+ %#&0 4,('10*2 1*-+0#% (+ XZ



Z\ 6/0(# 7*''/+(2

!"#$ &'()*+ ",-./ 6/0(# 7*''/+l2



!"#$#%&"'(# *(+ ,"#$#%&"'-.,"(#+ /0#%12(03,

4#* #+-%#5(-+0* 6&0 %"#('- # +&0*%"#* 5-+70"*#5(-+0* ,0 1-8 *0 #5&$&3#+# %"#79* ,0 &+# *0"(0 ,0 2"#'$0+%-* 0*5"(%-*: 6&0 2&+5(-+#+ # $-,- ,0 #+#;

305%#*< !(51-* 2"#'$0+%-* 7#+ =&+%&#,-* =-" ,-* (+%0"3&,(-* 0*%9%(5-* 5-+

($>'0+0*? $-*%"#+,- 0+ 5#,# &+- &+# -@"# 0*=05A2(5#< B#,# &+- ,0 0*%-*

(+%0"3&,(-* 0* 5-$- &+ 3&'#" ,0 ="&0@#* ,0 &+# (,0# ,0 ,"#$#%&"'(#: ,0

0*- 6&0 ="-=-+'- 5-$- &+# C,"#$#%&"'(# *(+ ,"#$#%&"'-D< E+ +(+'&+- ,0

3-* %"#@#F-* 1#8 &+# 2('&"# "05-+-5(@30 6&0 0*%9 -=0"#+,- =-" ,0%">* ,0

,(51-* %"#@#F-* 8 6&0 =&,(0"# "053#$#" 03 +-$@"0 ,0 ,"#$#%&"'-< E+ %-,-

5#*-? 5#,# &+- ,0 0*%-* %"#@#F-* $#+(2(0*%# &+#* ,(+>$(5#* 0*%9%(5#* 8=3#+%0# &+#* =#"%(5&3#"0* =#"#,-F#* 5-+50=%&#30* 6&0 =#"# $A *-+ 0*0+;

5(#30* =#"# 3# ="0'&+%# *-@"0 3# =">5%(5# ,0 3# ,"#$#%&"'(# 5-+%0$=-">+0#<

!-+,06&(0"# 6&0 3# ,"#$#%&"'(# *0# 5-+50@(,# 5-$- =">5%(5# ,0 =0+*#;

$(0+%- 5-+ #+%03#5(G+ #3 #5-+%05($(0+%-? 9*%# 5#0"> 0+ &+# 2-"$# ,0

#&%-"A# 8 =-,0" 0+5&@(0"%-? 8 *0 5-+70"%("> 0+ -%"- +-$@"0 =#"# +- ,05("

C#&%-"D? C,("05%-"D - C5-"0G'"#2-D< 4# ,"#$#%&"'(# +- =0"%0+050 # &+#

%0$=-"#3(,#, "0*&03%#< 4# ,"#$#%&"'(#? *( 0* #3'-? 0* &+# =">5%(5# 6&0 +-*

5#=#5(%# =#"# *#5&,("+-* ,0 2#3#5(#* (+%0+5(-+#,#* 8 05-+-$A#* %"#*%-";

+#,#* @#*#,#* 0+ 3# +-5(G+ ,0 (+,(7(,&#3(*$-< !0*=&9* ,0 %-,-? &+ ,"#$#;

%&"'- +- 0* &+# 2&0+%0 -"('(+#3 - &+ "0=-*(%-"(- 2(+#3 =#"# 03 *('+(2(5#,- ,0

&+ %"#@#F-? *(+- $>* @(0+ &+ #'0+%0 0+ &+ ="-50*- ,0 ="-,&55(G+ 5-$&+#3

,0 *('+(2(5#,-< 4# ,"#$#%&"'(# *0 ,# 0+ 03 #5-+%05($(0+%- 0*59+(5- -

=0"2-"$#%(7-? (+53&*- #&+6&0 3# $#8-" =#"%0 ,0 3#* #5%(7(,#,0* ,0 &+

,"#$#%&"'- -5&""#+ 0+ #3'- 5-+-5(,- 5-$- C03 0+*#8-D< B#,# #5-+%05(;

$(0+%- 0*59+(5- - =0"2-"$#%(7- 0* &+ 0+*#8- ,0 -%"- #5-+%05($(0+%-H 5#,#

0+*#8- 0* &+ #5-+%05($(0+%-< .&+6&0 0*%- "06&(0"0 (+70*%('#5(G+? 5-$-=">5%(5#? 3# ,"#$#%&"'(# *0 5-+*%(%&80 ,0 ="(+5(=(- # 2(+ '"#5(#* # *& #%0+;

5(G+ # 0*%0 05- ,03 #5-+%05($(0+%-< I0 =-,"A# ,05(" 6&0 0* &+# 2-"$# ,0



*0+*(@(3(,#,? ,0 1#@3#" ,0 8 5-+ 3#* 1&033#* 6&0 ,0F# 03 #5-+%05($(0+%- #6&A

8 #33><

E+ 0*%0 *0+%(,- 3# ,"#$#%&"'(# $#+%(0+0 &+# #2(+(,#, 5-+ 3- 6&0 8- 33#$-

3# 0*5"(%&"# ,0 3# -@"#< .6&A 03 C,0D 0* &+# 5-+F&+5(G+ ="05(*#? 8# 6&0 0*%-8

"05&""(0+,- # &+ $-,- ,0 0*5"(%&"# 5"A%(5# 6&0 1# 0$0"'(,- 0+ "0*=&0*%# #

3#* =">5%(5#* 0*59+(5#* 8 =0"2-"$#%(7#* 5-+%0$=-">+0#* 8 6&0 # $0+&,- *0

1# ,0+-$(+#,- CE*5"(%&"# =0"2-"$#%(7#D< 4# "03#5(G+ *&'0"(,# 0+ %#3 0*5"(;

%&"#? 0+%"0 3# 0*5"(%&"# 8 03 #5-+%05($(0+%- 0*59+(5- - =0"2-"$#%(7-? 0* =#"0;

5(,# # 3# "03#5(G+ 6&0 J#&"(50 K3#+51-% 0+5&0+%"# 0+%"0 3# 0*5"(%&"# 8 03

,0*#*%"0 0+ *& 0L6&(*(%- %"#@#F-? !" $%&'()*'" +,- .,%"%)', MNOOPQ< E*%#

0L="0*(G+ 07-5# 3#* %0+*(-+0* ,0 2&0"R#? #'0+5(# 8 ,("055(G+? 8 3# 5-+*(*;

%0+5(# ,0 3# =#"#,-F# #*0+%#,# 0+ %-,- 0*%0 %(=- ,0 #5%-* 0*5"(%&"#30*< 4#

0*5"(%&"# ,03 ,0*#*%"0: 3# 0*5"(%&"# ,03 #5-+%05($(0+%-< E*%# 0*5"(%&"# +- 0*

*($=30$0+%0 *-@"0 - #50"5# ,0 &+# $#%0"(#? *(+- $>* @(0+? 0* C,0D 033# 0+

03 *0+%(,- ,0 6&0 ,0 033# 0$#+#? 0*%> *&F0%# # *& 2&0"R# 8 5-+,(5(-+0*< 4#

0*5"(%&"# ,03 #5-+%05($(0+%- ,0 3# "0="0*0+%#5(G+ +#50 0+%-+50* ,0 &+

($=0"#%(7- ,0 0*0 #5-+%05($(0+%- 8 0*%> *&F0%-? 5-$- 0+ 3# 0*5"(%&"# ,0

K3#+51-%? # 3# ($=3#5#@30 2&0"R# +0'#%(7# ,0 *& -"('0+ "#,(5#3$0+%0 03&*(7-<

E+ 03 ,0*=0"%#" ,0 3# ,05#,0+5(# ,0 3-* =-,0"0* ,0 3-* *&50*(7-* ="050=%-*

,0 3# "0="0*0+%#5(G+ ,"#$>%(5# S$#+,#%-* ,0 &+# +#""#%(7# 3(+0#3? 0*=#5(-

*055(-+#,-? %(0$=- ="-'"0*(7- 8 #55(G+ (+*%"&$0+%#3S? 3# ,"#$#%&"'(# 0*

2"05&0+%0$0+%0 5#"'#,# 5-+ 3#* %#"0#* ,0 %&%03# 8 "0*%#&"#5(G+ ,0 3#

0*%"&5%&"# ,03 #5-+%05($(0+%-< 4# ,"#$#%&"'(# 0* # $0+&,- 7(*%# 5-$-

7(%#3 =#"# ="-50*-* ,0 2-"$#5(G+? -",0+#$(0+%- 8 5-10"0+5(#? 5-$-

="-,&5%-"# ,0 *0+%(,-? #1-"# 6&0 3#* $>* 7(0F#* 5-+*('+#* ,0 ="-,&55(G+

,0 *0+%(,- 1#+ *(,- $#"5#,#* =-" &+# 5(0"%# "0,&+,#+5(#< E*%- 0*? ,0

="($0"#*? 03 =0*- 8 3# 2&0+%0 ,0 3(@0"#5(G+ ,03 ,"#$#%&"'-: 3# +050*(,#, 8

3# -=-"%&+(,#, ,0 5-+%"(@&(" # 2-"$#5(-+0* 5"0#%(7#* 6&0 "0,02(+#+ 3#*

=-%0+5(#3(,#,0* ,0 3# 2&0"R# +#""#%(7#? 03 0*=#5(- #3%0"#,-? 3-* 20+G$0+-*

%0$=-"#30*? 8 3#* "03#5(-+0* 5-"=-"#30* #205%(7#*< E3 ,"#$#%&"'- 5-+%0$;

=-">+0- 0*%> *&F0%- =&0* # &+ ,0@#%0 *-@"0 3#* +050*(,#,0* M5&3%&"#30*Q ,0

3#* 2-"$#*? 8 0+ =#"%(5&3#" *-@"0 3# @T*6&0,# - 03 ,0*(+%0"9* 0+ 3#* 5-10;

*(-+0* ,0 *0+%(,- 0+ &+ %"#@#F-< E3 ,"#$#%&"'- 5-+%0$=-">+0- 5&0*%(-+#

3# *0,($0+%#5(G+ ,0 *('+(2(5#,- 0+ &+ %"#@#F-H ="0'&+%# *( 3# 0*%"&5%&"#

*(0$="0 "0703# (+%0'"(,#,0* 0 (+%0""-'# 3#* "03#5(-+0* ,0 2&0"R# "0*(,0+%00+ 5-+*%03#5(-+0* 8 #'"0'#5(-+0* #3%0"#,#* ,0 *0+%($(0+%-* ,#,-*? 7(*(-+0*

0 (,0#*<

OU .,"(#+ /0#%12(03,



4# (,0+%(,#, 8 03 "-3 ,03 ,"#$#%&"'-? 5-$- *0V#3G 0+ ="($0" 3&'#" W#+

X0"Y1-70+? 7(0+0 $#"5#,- =-" 3# (%(+0"#+5(# 8 3# (+7(*(@(3(,#, MX0"Y1-70+?

NOOZQ< E*%# 5-+,(5(G+ 0* 0+ =#"%0 ,0"(7#,# ,03 0*%#%&* *&@-",(+#,- ,03,"#$#%&"'- 0+ "03#5(G+ # -%"#* (,0+%(,#,0* $>* ="(7(30'(#,#* 8 7(*(@30* 0+

="-50*-* 5-3#@-"#%(7-* 0*%"#%(2(5#,-*? 8 0+ =#"%0 0* ,0"(7#,# ,0 3#

7#'&0,#, - $#"'(+#3(,#, ,0 3#* "0*=-+*#@(3(,#,0* ,03 ,"#$#%&"'-< E3

,"#$#%&"'- %(0+0 &+# =#"%(5(=#5(G+ 0+ 03 %"#@#F-? =0"- 1#8 =-5# =0"%0;

+0+5(# 0+%"0 #$@-*< E3 ,"#$#%&"'-? ,(50 W#+ X0"Y1-70+? C+- 0*[@#*%#+%0

- +- 0* %-,#7A# &+ #"%(*%#D< . 3# 70R 5"&5(#3 8 *(+ ($=-"%#+5(#? =#"050 6&0

03 ,"#$#%&"'- 0* "0*=-+*#@30 ,0 %-,- 8 ,0 +#,#? 8 5-+*05&0+%0$0+%0 0* 03

="($0"- 0+ *0" 5&3=#,- 8 03 T3%($- 0+ *0" #3#@#,-< \+- =&0,0 70" M8 0L=0;"($0+%#"Q 0*%# (+7(*(@(3(,#, 5-$- &+ 2"0+- 8 &+# =9",(,# ,0 =-,0"? - @(0+

#3'- 6&0 0* %-30"#,-? =0"- ]8 *( 0* 3# 5-+,(5(G+ +050*#"(# ,0 &+ %(=- ,0

#'0+5(# (+6&(0%#? +-;(,0+%(%#"(# 8 5"0#%(7#^

_"05(*#$0+%0? ,0@(,- # 0*%# =-%0+5(#3 #'0+5(#? 03 ,"#$#%&"'- 0* 5-+

2"05&0+5(# *(%&#,- 0+ &+# *(%&#5(G+ - "-3 ,-+,0 ,(20"0+%0* =-,0"0*

(+%0+%#+ 5#=(%#3(R#" *&* 5#=#5(,#,0* ,0+%"- ,0 &+ ="-50*- 5"0#%(7-< B-$-

J8"(#$ W#+ `$*51--% 1# #"'&$0+%#,- #50"%#,#$0+%0? 3# #=#"(5(G+ ,03,"#$#%&"'- 5-+ &+ =#=03 (+*%(%&5(-+#3$0+%0 30'(%($#,- 8 2(+#+5(#,- 1#

3307#,- 2"05&0+%0$0+%0 # *& 0$=30- 5-$- $-,- ,0 5-+%"-3: =#"#

0+$#"5#"? #="-=(#"? *#+0#" 8 1#50" 30'(@30? =">5%(5#* 5&8-* 5-+%0+(,-*

=-,"A#+ ,0 -%"# 2-"$# ,0*5#+*#" 5-+ ,(2(5&3%#, ,0+%"- ,0 3#* (+*%(%&5(-+0*

0*%#@305(,#* 8 3#* 05-+-$A#* ,0 ="-,&55(G+ 5&3%&"#3 M`$*51--%? Uaab: PO;

caQ< W#+ `$*51--% 5(%# +&$0"-*-* 0F0$=3-* ,0 50+%"-* ,0 ="-,&55(G+

#"%A*%(5#? 6&0 5&#+,- *0 1#+ 0+2"0+%#,- # 3#* #3%0"(,#,0* ,0 &+ #"%(*%# - &+

%"#@#F- #"%A*%(5-? 8 ="0*#* ,0 &+# $0R53# ,0 ,0*0- 8 $(0,-? 1#+ $-*%"#,-#3 ,"#$#%&"'- 5-$- &+ (+*%"&$0+%- ,0 %"#,&55(G+? C($="-7(*#5(G+D? "02(;

+#$(0+%- 8 #,#=%#5(G+ # 3#* 5--",0+#,#* 0*%#@305(,#* ,03 '&*%-< !-+,0;

6&(0"# 6&0 03 ,"#$#%&"'- *0# 0$=30#,-? #3 $#"'0+ ,0 3#* "03#5(-+0* -"'>;

+(5#* (+(5(#,#* =-" &+# 5-""0*=-+,0+5(# #"%A*%(5# #&%G+-$# 0+ &+ 0*50;

+#"(- 5&3%&"#3? 03 ,"#$#%&"'- 0*%> -@3('#,- =-" 9%(5# # ="0'&+%#"*0: ]6&9

$-7($(0+%-* ,0 #*($(3#5(G+ =&0,0 0*%#" 30'(%($#+,- $( %"#@#F-^? ]1#*%#

6&9 =&+%- +- 0* $( "-3 &+ (+*%"&$0+%- ,0 3#* 2&0"R#* -"'#+(R#%(7#* 8

%05+-5">%(5#* 6&0 0*%>+ 2&0"# ,0 $( 5-+%"-3^? ]5G$- =-,"A# "0*(*%(" 3# =">5;%(5# ,0 3# ,"#$#%&"'(# # %#30* -=0"#5(-+0*^? 8? *( +- =&0,0 "0*(*%("? ]+-

,0@0"A# *0" ,0*5#"%#,#^

!"#$#%&"'(# *(+ ,"#$#%&"'- Ob



_"($0" (+%0"3&,(-: d"#'$0+%- ,0 &+# 5#"%# #3 !("05%-" e($E%51033* #50"5# ,0 3# =">5%(5# =0"2-"$#%(7# 8 3# +#%&"#30R# ,0

3# 2&0"R# +#""#%(7#

f&0"(,- e($?

E3 -%"- ,A# 0*%&70 =0+*#+,- *-@"0 3-* %"#@#F-* ,&"#5(-+#30* 6&0

10$-* 1051- F&+%-* /01"'")234 !,5(&34 8 62, 7',&*,4)-8 9%:,+;< 8

0+ 5G$- 3# ,&"#5(G+ *0 =&0,0 "03#5(-+#" 5-+ 3#* ="0'&+%#* #50"5# ,0

3#* =-%0+5(#* 8 3#* -=0"#5(-+0* +#""#%(7#*< !0*=&9* ,03 5-3#=*- ,0 20

0+ 3#* $0%#;+#""#5(-+0*? %#+ ="0'-+#,- =-" 3-* %0G"(5-* ,0 3# CE*50+#

=-*%$-,0"+#D M&+ +-$@"0 6&0 #=0+#* 8# *0 0*5&51# 1-8 0+ ,A#

,0@(,- 6&(R>* #3 #'-%#$(0+%- ,0 *& ="-=(# 1(*%-"(#Q? 03 %0#%"- 0L=0"(;

$0+%#3 8 3#* #"%0* 0L=3-"#"-+ 3# 2"#'$0+%#5(G+ 8 $&3%(=3(5#5(G+ ,0 3-*

$&+,-* 2(5%(5(-*? 3#* 2"(55(-+0* 6&0 =3#+%0# 3# 3&51# 5-+%"# 3#* $(5"-;

+#""#5(-+0* 8 3#* $#+(-@"#* 8 %#"%#$&,0-* ,0 &+# 7-R %0*%($-+(#3<

E*%-* 0L=0"($0+%-* 0*%9%(5-*? ,0&,-"0* ,0 3# 1(*%-"(# ,03 5-33#'0 8

#3($0+%#,-* =-" 3#* #+*(#* ,0 "&=%&"#? 2&0"-+ # 3# @T*6&0,# ,0 3#*

5-+,(5(-+0* ,0 3# +#""#5(G+ 6&0 *0 #="-L($#"#+ $0F-" #3 $&+,-

5-+%0$=-">+0-< e& ="-=(- %"#@#F- 5-+ d-"50, E+%0"%#(+$0+%? 8 =#"%(;

5&3#"$0+%0 0+ 3#* =(0R#* ,&"#5(-+#30*? 0* 0F0$=3#" 0+ "03#5(G+ # 0*%0#*&+%-< .6&A 0*%>* %T? 0+ 3# "0="0*0+%#5(G+ ,0 94+ 34 )2, )23*%"4+)2

4(=2)>? 0+ $(%#, ,0 &+ =#"%(5&3#" ,(30$# +#""#%-3G'(5-<

94+ 34 )2, )23*%"4+)2 4(=2)@ d-"50, E+%0"%#(+$0+%? Uaaa< d-%-: /&'- g30+,(++(+'

OZ .,"(#+ /0#%12(03,



94+ 34 )2, )23*%"4+)2 4(=2)@ d-"50, E+%0"%#(+$0+%? Uaaa< d-%-: /&'- g30+,(++(+'

E*%0 0* &+ 0*=05%>5&3- ,0 ($="-7(*#5(G+ @#*#,- 0+ "0'3#* 8 3307#,- #5#@- ,&"#+%0 *0(* 1-"#*H *0 @#*# 0+ 3# *0+5(33# ="0$(*# ,0 6&0 5#,#

#5%-" ,0@0 5-+%(+&#" &+# +#""#5(G+ 1#*%# *0" ,0%0+(,- =-" &+- ,0 3-*

-%"-* *(0%0 #5%-"0*< !0 0*%# 2-"$#? *0 5-+*%"&80 &+# T+(5# +#""#5(G+?

=0"- 0* &+# +#""#5(G+ 5-$=&0*%# ,0 5(0+%-* ,0 $(5"-;+#""#5(-+0*

5-$=30$0+%#"(#* 8 5-+%"#,(5%-"(#* 0+%"0 *A? 5#,# &+# 5-+ *& ="-=(-

%(0$=- ,0 ,0*#""-33-? =0*- 0*%"&5%&"#3 8 ,&"#5(G+H 03 0*=#5(#$(0+%-

,0 5#,# &+# *0 ,05(,0 0+ 03 $-$0+%- ,0 3# "0*=&0*%#? 0+ 3# ="-=(#

#5%(7(,#, ,03 5-33#'0< .6&A 3# +#""#5(G+ 0*%> *&F0%# # 3#* 2&0"R#* ,0

&+# *-*%0+(,# 5-$=-*(5(G+ 5-3#@-"#%(7#< h 0+ 03 5-+%0L%- ,0 %&

%"#@#F- 5-+ d-"50, E+%0"%#(+$0+%? ,(51#* ($="-7(*#5(-+0* *-+

$-3,0#,#* =-" &+ 0L%0+*- 7-5#@&3#"(- 5-$T+ ,0 0*%"#%0'(#* =0"2-";

$#%(7#* 8 *0+*(@(3(,#,0* 0*%9%(5#*? ,0*#""-33#,#* # 3- 3#"'- ,0 3-*

70(+%(*(0%0 #V-* ,0 ($="-7(*#5(G+ 8 =">5%(5# 5-+F&+%#< E+ 0*%0 %"#@#F-?

5-$- 0+ -%"#* $&51#* ,0 %&* =(0R#*? 3-* $05#+(*$-* 8 3#* 2&+5(-+0*

0*%"&5%&"#30* ,0 3# +#""#%(7# *-+ 0L=&0*%-* 8 5&0*%(-+#,-*< E*%#

,0*+&,0R *0 0L%(0+,0 # 3#* %>5%(5#* ,0 3- =0"2-"$#%(7-? # 3#* %95+(5#*

8 # 3# "0%G"(5# ,0 3# +#""#5(G+: %-,- 3- 5&#3 7(0+0 ,0 0*0 #+>3(*(* 6&0-2"050 %& $#"5#,- 0+2-6&0 2"-+%#3< 4307#,-* ,("05%#$0+%0 =-" 3# 0*5(;

*(G+ 0+%"0 0*50+#"(- 8 #&,(%-"(-? 5#,# "03#%- *0 0+2"0+%# # -%"-*

!"#$#%&"'(# *(+ ,"#$#%&"'- OP



"03#%-*? #3 #,0+%"#"*0 0+ &+ 5-+%0L%- 5-$=#"#%(7- (+$0,(#%-< B#,#

(+%0"70+5(G+ *0 *(%T# %#$@(9+ 0+ &+# "03#5(G+ %0$=-"#3 2"0+%0 # -%"-*

"03#%-* 6&0 #5&,0+ # 3# $0$-"(#< B-$- 0+ 5&#36&(0" 0*%"&5%&"# +#""#;%(7#? 3-* T3%($-* 030$0+%-* ,0 3# +#""#5(G+? "07(*#+? "0*&0370+ -

5-$=3(5#+ 3#* ,(+>$(5#*? ="0'&+%#* - ,(30$#* ="050,0+%0*? =0"- #6&A

3# ,&"#5(G+ #V#,0 &+ 5-+%0+(,- 0*=05A2(5- # 3#* "020"0+5(#* %0$=-"#30*

5"&R#,#*? "0=0%(5(-+0* 8 #,#=%#5(-+0*< B#,# '0*%- #"%(5&3#,- *-@"0 &+#

+#""#%(7# 6&0 0*%> (+*%#3#,# 0+ 03 0*=#5(- 0* =0"5(@(,- 5-$- &+# %"#+*;

2-"$#5(G+ (+%0"%0L%&#3? $#"5#,- =-" 3-* 0205%-* #5&$&3#,-*? 0+5#";

+#,-* 0+ 3-* 5&0"=-*? 8 2"&%- ,03 0*2&0"R- ,03 %"#@#F-<

B-$- 7($-* 0+ /1"'")234 !,5(&34< M,-50 1-"#*Q 8 0+ /62, A',B*,4)-8

9%:,+< M-51- 1-"#*Q 1#8 &+# +050*(,#, 6&0 $&51-* 0*=05%#,-"0*

0L=0"($0+%#+? #3 %"#%#" ,0 1#50" 5-(+5(,(" 3# 0L=0"(0+5(# ,&"#5(-+#3

,03 (+%9"="0%0 8 *0" %0*%('-* ,0 C%-,-D< .&+6&0 3# 2&+5(G+ 2&+,#;

$0+%#3 ,0 3# 0*%9%(5# ,&"#5(-+#3 *0# =-+0" 0+ 5&0*%(G+ %#30* %0+%#;

%(7#*? ="05(*#$0+%0 =#"# ($=0,(" &+# T+(5# =0"*=05%(7# %-%#3(R#,-"#?

- =#"# (+%0"="0%#" %-,#* 3#* +#""#5(-+0* (+5-$=30%#*? 0*%# @"051# 0+

3#* 2&+5(-+0* +#""#%(7#* '0+0"# &+ ,0*0- =-" 3# 0L=0"(0+5(# 5-$=30%#

8 6&(R>* =-" &+# $0%#;+#""#%(7(,#, 6&0 -"'#+(50 3#* =#"%0* 2"#'$0+;%#"(#*< E+ 0*%0 C$&+,- 5-33#'0D ,0 3#* +#""#%(7#* 0L=&0*%#*?

6&0@"#,#* 0 (+%0""&$=(,#*? "0'"0*# #3'- ,0 3# 2&0"R# ,0 3# +#""#5(G+<

I0 ,#+ +#""#5(-+0* *-$@"#< `+53&*- 0+ ,&"#5(-+0* %#+ 3#"'#*? 5(0"%#*

$(5"-;+#""#5(-+0* %-$#+ &+ 5(0"%- =0*- %"#+*50+,0+%#3? # =0*#" ,0 3#

#3%0"#5(G+ 0+ *&* 7#"(#,#* "0=0%(5(-+0*< _-" -%"# =#"%0? 3#* ,(20"0+%0*

2-"$#* 0+ 6&0 3#* +#""#5(-+0* *-+ "03#%#,#*? "0*&03%#* M- (+5-+53&*#*Q

*0 #5&$&3#+H 3#* $0%-,-3-'A#* #'"0'#+ ,0+%"- ,0 3#* *0+*(@(3(,#,0*

+#""#%(7#*? #205%-* 8 *0+%($(0+%-* *0 5-+50*(-+#+ 0+ 3# #5&$&3#5(G+

,0 (%0"#5(-+0*? "0703#+,- (+07(%#@30$0+%0 3#* $0%#;+#""#5(-+0*< h

F&+%- # 0*%#* "05-+*%(%&5(-+0*? 3# 2&0"R# +#""#%(7# 0* ,07&03%# # 3#

=(0R# =-" *&* 0*=05%#,-"0*? 8# 6&0 3# +#""#5(G+ 0* &+# 2&+5(G+ ,0

5-+5(0+5(# 0+ *A $(*$#< . %"#79* ,0 %-,- 0*%- *(+ 0$@#"'-? 0L(*%0 03

(+5#+*#@30 $-7($(0+%- ,0 3# ,&"#5(G+? "05-",>+,-+-* 6&0 5#,#

+#""#5(G+? 5#,# "0;$-,&3#5(G+ ,03 %(0$=- $(*$-? 0* ,0*'#""#,# =-"

03 (+50*#+%0 23&F- ,03 %(0$=- *0+%(,-? 03 5&#3 =0+*#,- 0+ *A $(*$-

#=0+#* =&0,0 #="-L($#"*0<

]!0@0 *0" 03 "-3 ,03 ,"#$#%&"'- #8&,#" # ,#" *0+%(,-^ h *( 0* #*A? ]*0+%(,- =#"#

6&(9+? =#"# 3-* -%"-* 5"0#,-"0* - =#"# 3-* 0*=05%#,-"0*^ E+ 5&#36&(0" 5#*-? 8-

Oc .,"(#+ /0#%12(03,



5"0- 6&0 +-< 4# ,"#$#%&"'(# =-,"A# *0" $0F-" =0+*#,# 5-$- &+# 2-"$# ,0

"0*=-+*#@(3(,#, 1#5(# M8 5-$- "0*=&0*%# #Q 0*- 6&0 0* (+$#+0+%0 # &+# =(0R#

,0%0"$(+#,#? *&* 20+G$0+-* 8 *&* 2-"$#* ,0 "0="0*0+%#5(G+< f&(R>* 0*%-"06&0"("A# 5-+%"(@&5(-+0* 0+2-5#,#* # 3# "0*-3&5(G+ ,0 5(0"%#* =#"#,-F#*? =0"-

%#3 70R 5-+ 3# $(*$# 2#5(3(,#, "06&0"("A#+ ,0 0L%0+*(G+ - #$=3(2(5#5(G+< E3

,"#$#%&"'- *0"A# 3# =0"*-+# 5&8- (+%0"9* "0*(,0 0+ 03 #,03#+%- ,0 3# 2&0"R#

($=3A5(%# ,0 &+# 0L="0*(G+ ,0%0"$(+#,#< .6&A 3# ,"#$#%&"'(# 0* 50"5#+# # 3#

2&+5(G+ ,03 #+#3(*%# 0+ =*(5-#+>3(*(*? 03 %0*%('- 0+ 3# 1(*%-"(# - 3# 5-$#,"-+# 0+

03 =#"%-< E3 ,"#$#%&"'- *#@0 6&0 +- 0L(*%0 3# ="-=(0,#, ,0 &+ %"#@#F- #"%A*%(5-?

#*A 5-$- %#$=-5- 0L(*%0 3# =-*0*(G+ ,0 3#* (,0#*H 03 ,"#$#%&"'- 6&0,#

0+%-+50* *#%(*2051- 5-+ #5%&#" 5-$- 03 *&=0"7(*-" 8 03 #*(*%0+%0 ,0 3# 0L1(@(;

5(G+? 03 #&L(3(#" ,0 7&03- 0+ 03 7(#F0 ,0 &+ =0+*#$(0+%-<

.3 ,"#$#%&"'- # $0+&,- *0 30 =(,0 6&0 0*5"(@# *-@"0 &+ %"#@#F- 0+ 03 6&0

1#8# =#"%(5(=#,- 0+ *& 5-+*%"&55(G+< _0"-? ]5G$- ,0@0 0*5"(@(" 03 ,"#$#;

%&"'- ,0 #3'- ,0 3- 6&0 +- =&0,0 0*%#" #=#"%#,-? #3'- 6&0 0+ 5&#36&(0" 5#*-

+- 0* +( &+ -@F0%- 5-+*-3(,#,- +( 2(+#3(R#,- 0+ 03 $&+,-? 8 6&0 +- 0* *(+-

&+# $#+(20*%#5(G+ 7(7# 0+ *A $(*$-^

.6&A 3#* %>5%(5#* ,0 3# C0*5"(%&"# =0"2-"$#%(7#D =&0,0+ -2"050" #3'&+#* =-*(;

@(3(,#,0* =#"# &+# $#8-" "03#5(G+ '0+0"#%(7# #3 #5-+%05($(0+%- ,0 3# "0="0;

*0+%#5(G+< 4# 0*5"(%&"# =0"2-"$#%(7# +- 70 3#* $#+(20*%#5(-+0* 5&3%&"#30* -

3#* -@"#* ,0 #"%0 5-$- -@F0%-*? *(+- $>* @(0+ 5-$- *(%&#5(-+0*? $#+(20*%#;

5(-+0* 8 0L="0*(G+ ,0 (,0#*< E+ 0*%0 *0+%(,- ,(2A5(3$0+%0 *-+ 0*%>%(5#* 8

#5#@#,#*? =0"- *A ,(+>$(5#* 8 ="-7(*(-+#30*< i- *-+ 7(*%#* %#+ *G3- 5-$-

"0="0*0+%#5(-+0* *(+- %#$@(9+ 5-$- ,05("0*< 4- 6&0 *0 ,(50? *0 ,(50 0+ "03#;

5(G+ #? 8 0+ =#"%0 ,0%0"$(+#,- =-"? *& 5-+%0L%-: 1(*%G"(5- 8 ="0*0+%0? $#%0;

"(#3 8 0*=#5(#3 M0+ %9"$(+-* ,0 $#"5- (+*%(%&5(-+#3 - *-5(#3 0+ 03 6&0 *0

="0*0+%#+Q? 8 =0"*-+(2(5#,-* M0+ %9"$(+-* ,0 3# "03#5(G+ 2A*(5# 8 *0+*&#30+%"0 03 0*=05%#,-" 8 03 -@F0%-? 8 0+%"0 03 0*=05%#,-" 8 3-* ,0$>* @0+02(5(#;

"(-* ,0 3# -@"#Q< `+53&(" %#30* ,05("0* 0+ 3# 0*5"(%&"# *("70 =-" %#+%- =#"#

7-370" # ,05("? =#"# "0*=-+,0"? =#"# =#"%(5(=#" -%"# 70R 0+ &+# "03#5(G+ ,0

="-50*- 6&0 0* 5-"=G"0#? #+($#,# 8 %"#+*2-"$#,-"#< E+ -%"#* =#3#@"#*? 0*%0

0* 03 $-$0+%- ,0 5"&R#": &+# 5-+70"*#5(G+< E3 ,"#$#%&"'- 0* ="($0"- 8 #+%0

%-,- &+ 5-+70"*#,-"< 4# 5-+70"*#5(G+ $#+(2(0*%# &+# 2-"$# ,0 ,(*5&"*- 6&0

0*%> ,0+%"- 8 0+ =#"%0 ="GL($# #3 ="0*0+%0 5-+%0L%- ,0 0+5&0+%"-H &+# "03#;

5(G+ 2&0"%0$0+%0 *-5(#3 8 ="-7(*(-+#3 6&0 +- 0*%> *&F0%# # +(+'T+ 2(+#3< .6&A

03 30+'&#F0 0* ="0*# ,0 3# ,(20"0+5(#5(G+: 5-$- ,(50 K3#+51-%? CB-+70"*#" 0*3307#" #3 30+'&#F0 30F-* ,0 *A $(*$-? $#+%0+0"3- 2&0"# ,0 %-,# &+(,#,? 2&0"#

(+53&*- ,0 3# &+(,#, ,0 3- 6&0 0*< B-+70"*#" 0* ,0*7(#" 03 30+'&#F0 ,0 *A

!"#$#%&"'(# *(+ ,"#$#%&"'- Oj



$(*$- =0"$(%(9+,-30 *0" ,(*%(+%-? ,0F#+,- 6&0 *0 ,(20"0+5(0 8 ,(20"("?

"0*=-+,0" 5-+ &+ *(0$="0 8# # &+ +&+5# %-,#7A#D MK3#+51-%? NOOP:bZQ< E3

"0'#3- (+%#+'(@30 6&0 *0 ,# 0+ 0*%0 (+%0"5#$@(- 07#,0 +-$@"0 8 +T$0"-? +-0* &+ 20+G$0+- 5&#+%(2(5#@30? +( &+ -@F0%- ,0 5-+-5($(0+%-< i- =&0,0 *0"

#*0'&"#,-< E* 03 "0'#3- ,03 %(0$=- =#*#,- 0+%"03#R#,- 5-+ 3#* (,0#* ,0 3-*

,0$>*? 03 5-"#RG+ 0+ 3# $#+-? 03 -A,- 0+ 3# @-5#? 3-* -F-* 0+ 3-* 1-"(R-+%0*

,03 =0+*#$(0+%-? 3#* =#3#@"#* *0 ,0*3(R#+ =-" 3-* 3#@(-* 8 *0 ,(*&0370+ 0+ 03

#("0< B-+ 03 %(0$=- 03 "0'#3- 7&0370<

E3 ,"#$#%&"'-? 0*5"(@(0+,- *-@"0 03 #5-+%05($(0+%- 6&0 033-* #8&,#"-+ #

%"#0" #3 $&+,-? 0*%> 5"0#+,- -%"-* 2-"-* ,0 ,(*5&*(G+ =#"# 03 #5-+%05(;

$(0+%-? #$=3(#+,- 8 "0(%0"#+,- *&* 2&0"R#* 7(7#*< 4# C5-$&+(G+ ($#'(+#;%(7#D: 03 #"%0 ,0 3# 5-+70"*#5(G+k3# 5-+70"*#5(G+ ,03 #"%0< E*5"(@(" %3C', 03

%"#@#F- ,03 ,"#$#%&"'- ,0@0 0+%"#" &+# 70R $>* 0+ 03 %0""0+- ,0 3# 5-+70";

*#5(G+? ,-+,0 3#* 2&0"R#* 0L50*(7#* ,03 %"#@#F- *-+ %"#A,#* =#"# #+($#"?

,0*$-+%#" 8 =0"*0'&(" *& 0*5"(%&"#<

4# +-5(G+ ,0 &+ C-F- 0L%0"+-D? 5-$- 1# *0V#3#,- .+,"9 40=05Y(? 0* &+#

,0+-$(+#5(G+ 0""G+0# =#"# &+ "-3 ,"#$#%T"'(5-? @#*#,- 0+ &+ $-,03- ,0

"03#5(G+ ,0*(+70"%(,# 8 =-,0" 0*5G=(5- 0 ̀$*51--%? Uaab:cbQ< E+ 03 l0(+-

\+(,- 0* &*#,- # $0+&,- 5-$- &+ %9"$(+- #=#"0+%0$0+%0 #=-3-'9%(5-?

=#"# 5-$=0+*#" 3# #&*0+5(# ,03 "-3 ,0 C,("05%-"D? 0+ *& F0"'#? (+*%#&"#+,-

*&@"0=%(5(#$0+%0 3# =0-" ,0 3#* 2('&"#* ,0 =-,0"< E3 ,"#$#%&"'- +- 0*%#">

8# +&+5# $>* 2&0"# ,03 #5-+%05($(0+%- #*A 5-$- +- 3- 0*%> +(+'&+- ,0 *&*

=#"%(5(=#+%0*: #5%-"0*? (+%9"="0%0*? @#(3#"(+0*? ,("05%-"0*? 5-"0G'"#2-*?

,(*0V#,-"0*? %95+(5-* 8 0*=05%#,-"0*< i- 1#8 +(+'T+ 0*=#5(- ,0*'#F#,-

,0*,0 03 5&#3 03 #2&0"# ,03 #5-+%05($(0+%- =&0,# *0" 0L=0"($0+%#,-< /#8

*($=30$0+%0 &+ 5-+F&+%- ,0 ,(20"0+%0* "03#5(-+0* 0+%"0 03 #5-+%05($(0+%-

8 ,(20"0+%0* 2-"$#* ,0 #'0+5(#$(0+%- 8 3-5#3(R#5(-+0* ,0 =0"50=5(G+ -%0*%('-*< 4-* #5-+%05($(0+%-* ,0 "0="0*0+%#5(G+ *-+ 0L%"#-",(+#"(-*?

(+%0+*-* 8 *#%&"#,-* ,0 $&3%(=3(5(,#,< l06&(0"0+ 6&0 03 ,"#$#%&"'- 0*%9

="0*0+%0 2A*(5#$0+%0 5-+ 033-*? 5-$- &+# =">5%(5# ,0 $("#" 8 =0+*#"H

,0$#+,#+,- &+# '"#+ #%0+5(G+ 0$-5(-+#3 8 *0+*-"(#3< E* =-5- ="-@#@30

6&0 03 ,"#$#%&"'- #8&,0 0+ #3'- *( 9*%0 =-+0 *G3- &+ -F- 0+ 3#* 5-*#*? 8#

6&0 0*%- *&'0"("A# 6&0 1#@"A# ,(7(,(,- *& #+#%-$A# 8 *& -%"- -F- =-,"A#

0*%#" $("#+,- # 5&#36&(0" -%"# =#"%0<

h *(+ 0$@#"'-? 6&(R>* +- 10$-* %0"$(+#,- 5-+ 0*%# ="0'&+%# *-@"0 3#"03#5(G+ ,03 ,"#$#%&"'- 5-+ 03 #2&0"# ,03 #5-+%05($(0+%-? 8# 6&0 03 #2&0"#

,03 #5-+%05($(0+%- *0 0+5&0+%"# 0+ *& (+%0"(-"? 8 0*%0 #2&0"# (+53&80 &+

Om .,"(#+ /0#%12(03,



($=0"#%(7- =#"# 03 ,"#$#%&"'-< E3 ($=0"#%(7- 0* &+# 2&0"R# 6&0 "0*(,0 0+

3#* 5-*#* 8 6&0 ,# G",0+0* #3 =0+*#$(0+%- 8 #3 30+'&#F0? %"#89+,-3-* #3

-",0+? =#"# "0="0*0+%#" 8 ,#" 2-"$# #3 $&+,-< I(+ 0$@#"'-? 03 ($=0"#%(7-+&+5# 0*%> 93 $(*$- "0="0*0+%#,- 0+ 03 =0+*#$(0+%- - 03 30+'&#F0? =-"6&0

0* &+# 0L%0"(-"(,#, #@*-3&%#< E+ 0*%0 *0+%(,- 3# ,"#$#%&"'(# 0*%#">

*(0$="0 0+*-$@"05(,# =-" 5&0*%(-+0* 9%(5#*? =-" 3#* 5&0*%(-+0* ,0 3#* "03#;

5(-+0* ,03 ,"#$#%&"'- 5-+ 3#* #3%0"(,#,0* 0+5-+%"#,#* 0+ 3#* -@"#* ,0 #"%0<

B-$- .3=1-+*- 4(+'(* *0V#3#? 3# 9%(5# ,0 5&#36&(0" 0+5&0+%"- %(0+0 *-@"0

%-,- 6&0 70" 5-+ 3# ="0'&+%# *-@"0 5G$- 0+5#"#" 3# #3%0"(,#,: C"0*=0%-D?

,(50 93? C0* 3# 53#"(7(,0+5(# 6&0 ,0%05%# ,0*,0 03 ="(+5(=(- 6&0 03 -%"- 0* &+

-3&*% 0L%0"(-" ,0 3# 0L%0"(-"(,#, ,03 ($=0"#%(7-? 03 5&#3 8- 0+5&0+%"- 0+ $(

2#5&3%#, ,0 =0+*#" =0"- +- =&0,- "0="0*0+%#" 0+ &+# 2-"$&3#5(G+ 6&0%0+'# *& -"('0+ 0+ $AD M4(+'(*? NOOm: NmOQ<

E3 ($=0"#%(7- 9%(5- ,0 3# "0="0*0+%#5(G+? 5-$- 03 ,0 3# 7(,# $(*$#? 0$0"'0

,0*,0 &+# 0L(*%0+5(# 0+5#"+#,#: 0* &+# #%#,&"# 2A*(5# 030$0+%#3 6&0

"0*(,0 0+ 3# 7(@"#5(G+ ,0 3# 7(,# *0+%(,# 0+ 8 #3"0,0,-" ,0 +-*-%"-*< E33#

+- *0 0+5&0+%"# 0+ 5#"0+5(# - #&*0+5(#? *(+- 0+ *-@"0#@&+,#+5(# 8 0L50*-:

0+ 3# =30+(%&, ,03 *0" *0+*&#3< E* &+# -",0+ 6&0 #5%T# *-@"0 +&0*%"#

=0"50=5(G+ 8 =0+*#$(0+%- 33#$>+,-30 =#"# "0+,(" 5&0+%#*< n 5-$- 4(+'(*#=&+%#: C3#* 5-*#* =-+0+ 2(+ # +&0*%"# *0+*(@(3(,#, 8 3#* 5-+7(0"%0+ 0+

+&0*%"# =0"50=5(G+D MA,0$? NOOm: ZmQ< . 0*%0 "0*=05%-? 03 ($=0"#%(7- 0*%>

5-+*%#+%0$0+%0 -=0"#+,- *-@"0 +&0*%"# 5-+5(0+5(#H 0* &+# ,(2&*# 8 -$+(;

="0*0+%0 2&0"R#< E+%-+50*? &+# 9%(5# ,0 3# ,"#$#%&"'(# *0 @#*#"A# 0+ 3#*

5&#3(,#,0* ,0 3# #%0+5(G+ ,03 ,"#$#%&"'- # 3- 6&0 30 "-,0# 8 0+ 3- 6&0 0*%>

(+$0"*-? *& "050=%(7(,#, *0+*&#3 8 *& "0*=&0*%# *0+*(@30? *& 1#@(3(,#,

=#"# *#3(" ,0 *A $(*$-< E3 ,"#$#%&"'- %"#@#F# $0,(#+%0 0*%#,-* ,0 %"#+*;

=-"%0? #="-L($>+,-*0 ,0 3#* 2&0"R#* ,0 3# 7(,# ,0+%"- ,0 3# 0*%9%(5#? 03

9L%#*(*? 3# #30'"A#? 03 =03('"- 8 3# $-"%#3(,#,? =#*#+,- =-" 03 =&3*-? 03 23&F-8 03 ,-$(+(- ,0 3#* 5-*#*<

I0'&+,- (+%0"3&,(-: d"#'$0+%- ,0 &+# 5#"%# #3 5-"0G'"#2-

o-+#%1#+ K&""-p* *-@"0 3# ($="-7(*#5(G+ 8 3# "03#5(G+

0+5#"+#,#

f&0"(,- o-+#%1#+?l05&0",- 0*%#" 7(0+,- # K-"(* B1#"$#%R 0+ &+# 51#"3# 5-+ I%070

_#L%-+ 0+ 03 50+%"- K#"8*1+(Y-7 0+ i&07# h-"Y< _#L%-+ 0*%&7- #30'"0;

!"#$#%&"'(# *(+ ,"#$#%&"'- OO



$0+%0 "05-",#+,- 3# =#"%(5(=#5(G+ ,0 B1#"$#%R 0+ #3'&+# *0*(G+ ,0

&+ %#330" (+%0"+#5(-+#3 ,0 ($="-7(*#5(G+? ,-+,0 0+%"0 &+# $#"0# ,0

5&0"=-* ,0 @#(3#"(+0* $-7(9+,-*0 5-+ 5-+*&$#,# *0+*(@(3(,#,? #=0";%&"# 8 "050=%(7(,#, # 3-* $-7($(0+%-* ,0 3-* ,0$>*? B1#"$#%R *0 1#@A#

=&0*%- *& *&,#,0"# 5-+ 3# 5#=&51# 8 1#@A# ,0%0+(,- *& 5#$(+- 0+

5-+%"# ,03 ="-50,($(0+%- # *0'&("< _#L%-+ 1(R- &+# '"#+ ($(%#5(G+ 2A*(5#

,0 B1#"$#%R 0+ 3# "0&+(G+? $-7(9+,-*0 $0,(- 50'#,- ,0 2-"$# #(*3#,#?

5-+ &+# '"#+ #'(%#5(G+ (+%0"(-" 8 &+# ,0*#%0+5(G+ #@*-3&%# =-" 3-*

,0$>*< B3#"#$0+%0 93 1#@A# 5-+%"#""0*%#,- 3# -"%-,-L(# ,#,# 0+ 0*0

0*=#5(- M*& C3(@0"%#,D *0 1#@A# 5-+70"%(,- 0+ &+# (+%-30"#@30 3($(%#5(G+Q

8? 1#5(0+,- 0*%-? 1#@A# 0*%#@305(,- 3#* "(5#* =-*(@(3(,#,0* ,0 &+# 5-""0*;

=-+,0+5(# 6&0 *0 $-7A# =-" #@*%(+0+5(#? "051#R- 8 +0'#5(G+<

E+ 03 %"#@#F- ,0 q1(%05&@0? 03 5&#3 0* @>*(5#$0+%0 ($="-7(*#,-? &+-

=&0,0 70" 5G$- 0*%# *0+*(@(3(,#, 0* #5%(7#,# ,0+%"- ,0 #3'- 6&0 0*

*(+ 0$@#"'- $&8 *0+*(@30 M8 "0*=-+*#@30Q< e#$@(9+ 0* 07(,0+%0 #6&A

6&0 3# ($="-7(*#5(G+ +- 0* *-3#$0+%0 =&"# (+70+5(G+? *(+- #3'- 6&0

0*%> *(0$="0 *-@"0 3# @#*0 ,0 &+ "0=0"%-"(- =0"*-+#3 ,0 "05&"*-*? &+

7-5#@&3#"(- ,0 =-*(@(3(,#,0* 5-"0-'">2(5#*< E+ 0*%0 *0+%(,-? 3# ($="-;

7(*#5(G+ 0* *(0$="0 &+ %(=- ,0 #,#=%#5(G+ "#,(5#3 ,0 M8 =#"#Q $#%0;"(#30* ="00L(*%0+%0*< _0"- 3- 6&0 # $A $>* $0 (+%0"0*# ,0 0*%0 %"#@#F-

0* 3# 2-"$# 0+ 6&0 ="-$&3'# &+ 5#$@(- ,(+>$(5-: 0+ 03 50+%"- ,0 3#

=(0R#? 03 M+(V-Q #5%-" 0* &+ $(0$@"- ,03 =T@3(5-< !0 0*%# 2-"$# 3-*

0*=05%#,-"0* 0*%>+ %#+%- 2&0"# 5-$- ,0+%"- ,0 3# =(0R#< 4-* 0*=05%#;

,-"0* *-+ 5-;5"0#,-"0* ,03 %"#@#F- 8 =-" %#+%- *-+ =#"%0 ,0 *& *('+(;

2(5#,-? 033-* +- *-+ *($=30$0+%0 =T@3(5- ,0 3# =(0R#< 4-* $(5"-;

$-7($(0+%-* ,03 5&0"=- ,03 +(V-? *& 0L="0*(G+ 2#5(#3? 3-* 5#$@(-* ,0

0*%#,- ,0 >+($- 8 ,0 #%0+5(G+ =#*#+ # 2-"$#" =#"%0 ,0 3# 5-"0-'"#2A#:

&+ ,&0%- ,0*('&#3< EL(*%0 &+# "0*%"(55(G+ 0+ 03 50+%"- ,0 3#* 5#=#5(;

,#,0* '0+0"#%(7#* ,0 3# =(0R#: 0*%> ,0,(5#,# # &+ $(0$@"- ,03

=T@3(5- 6&0 +- 3# 70">< \+ =&+%- 5(0'- *0 5-3-5# 0+ 03 50+%"- ,0 3#

-@"#? "05-",>+,-+-* 3- -5&3%-? 3-* 3A$(%0* ,0 +&0*%"# 7(*(G+ 8 0+ 0*%0

*0+%(,- 7-37(0+,- # 3# 03($(+#5(G+ ,0 +&0*%"-* *0+%(,-*< B&#+,- 70-

0*%# -@"# %"#%- ,0 *0" 5-+*5(0+%0 ,0 3#* ($#'(+#5(-+0* ,0*5-+-5(,#*

,03 +(V-? 8 *-8 5-+*5(0+%0 %#$@(9+ ,0 6&0 3# ,#+R# 6&0 70- +- 0*%>

1051# *G3- =#"# $A? *(+- =#"# *0" *0+%(,# 8 0*5&51#,# =-" -%"-< 4- 6&0

$0 (+%0"0*# ,0 0*%# ="-=&0*%# 0* 6&0 ,0*#2A# 3# *&=&0*%# 2#5(3(,#, ,05-$&+(5#5(G+ 8 ,0 =#"%(5(=#5(G+ 0+ 3#* -@"#* ,0 #"%0 =#"%(5(=#%(7#*<

4- 6&0 +- 0* 5-$=#"%(,- %#$@(9+ 5-$&+(5#< E*%0 %"#@#F- +-*

Naa .,"(#+ /0#%12(03,



"05&0",# *&%(3$0+%0 3#* ,(20"0+5(#* 8 #@(*$-* 0+ 3#* "03#5(-+0*? 0*=0;

5(#3$0+%0 #6&A 0+%"0 03 #,&3%- 8 03 +(V-? F&+%- 5-+ 3#* 2&0"R#* (+7(*(;

@30* =0"- 5-+05%(7#* ,0 3# #5%&#5(G+<

4#* %"#+*2-"$#5(-+0* ,0 3# 0*50+# 5-+%0$=-">+0# 0+ 3- T3%($-* %"0(+%# -

5&#"0+%# #V-*? # %"#79* ,0 3-* (,0#"(-* 0*%9%(5-* ,0 3# ,#+R#;%0#%"- # 2(+#30*

,0 3-* #V-* *0%0+%# 8 -510+%#? 8 3# ,#+R# 5-+50=%&#3 ,0 3-* #V-* +-70+%#

8 ,-* $(3? 3307#"-+ ="($0"- # 3# #=0"%&"# ,0 &+ 0*=#5(- =#"# 3# =">5%(5#

,"#$#%T"'(5# ,0+%"- ,0 3# ,#+R# 8 # &+ 5&0*%(-+#$(0+%- ,0 3-* 2&+,#;

$0+%-* 8 3A$(%0* ,(*5(=3(+#"(-* ,0 3# ,#+R# 8 03 %0#%"-< J>* "05(0+%0$0+%00*%- 1# 3307#,- # 3#* *(*%0$>%(5#* (+70*%('#5(-+0* ,0 3-* #"%(*%#* *-@"0 03

$-7($(0+%- $(*$-? *& +050*(,#, 0+ 3# 5-"0-'"#2A#? *& 0*%#%&* 5-$- &+

!"#$#%&"'(# *(+ ,"#$#%&"'- NaN

`$="-7(*#5(G+< K-"(* B1#"$#%R< d-%-: /&'- g30+,(++(+'<



5-+*%(%&80+%0 2&+,#$0+%#3 ,03 *0" 8 ,03 =0+*#$(0+%-? 8 *& 2&0"R# 0+ 03

*0+- ,0 &+# 0*%9%(5# 8 # %"#79* ,0 3#* "03#5(-+0* 6&0 5-+*%(%&80+ 03 #5-+;

%05($(0+%- ,0 3# "0="0*0+%#5(G+< ]BG$- =-,"A# *0" 3# ,"#$#%&"'(# "0=0+;*#,# 0+ 0*%0 5-+%0L%-^ 4# #%0+5(G+ # 3# +#%&"#30R# %"#+*;#5%(7# 8 $G7(3 ,0

3-* #'0+%0* ,0 3# "0="0*0+%#5(G+ %#$@(9+ =&0,0 *0" #$=3(#,# # 3# 2('&"# ,03

,"#$#%&"'-< 4# #"%(*%# 8 #5#,9$(5# E30-+-"# d#@(#- 1#50 +-%#" 0+ *&*

0L=3(5#5(-+0* #50"5# ,0 *& 0L=0"(0+5(# 5-$- ,"#$#%&"'# 6&0 03 5-305%(7-

0+ 03 6&0 033# %"#@#F# 0* &+ -"'#+(*$- $G7(3 8 *& %"#@#F- ,0@0 "0*=-+,0"

# &+# #'(3(,#, $&%&#: CE*%-8 0+ =0"$#+0+%0 %">+*(%-< J( 0*=#5(- *0 $&070?

- *0 6&0,# 6&(0%-? $( 0*=#5(- 0* 03 $-7($(0+%-D Md#@(#-? Uaab:baQ< E*%#

"0(7(+,(5#5(G+ ,0 3# ,"#$#%&"'(# 5-$- &+ 0*=#5(- ,0 $-7($(0+%- *0

0L%(0+,0 #*A #3 "05-+-5($(0+%- ,0 6&0 03 %"#@#F- ,0 3# ,"#$#%&"'(# 0* ,0

1051- ,(*%"(@&(,- # %"#79* ,0 3-* ,(20"0+%0* #'0+%0* #5%&#+%0* 0+ 3# *#3#? 8

+- 0*%> *(0$="0 +050*#"(#$0+%0 3-5#3(R#,- 0+ 3# 2('&"# ,03 6&0 -@*0"7# *(+

1#50"< .,0$>*? 3# #%0+5(G+ #3 $-7($(0+%- 5-$- &+# 5-+,(5(G+ ,03 *0" 8 ,0

3# "03#5(G+? &+# 5-+,(5(G+ ,03 =0+*#$(0+%- 8 ,03 ,(*5&"*- 0+ &+ 0*=#5(- ,0

#5%&#5(G+? =&0,0 =0"$(%(" 3# *(+%-+A# ,0 3# 0*%9%(5# 1#5(# 3# +#%&"#30R#

%0$=-"#3 ,03 #5-+%05($(0+%-? 3# ,(+>$(5# ,0 5#$@(- 8 ,0 3#* %"#+*2-"$#;

5(-+0* ,0 #205%- # %"#79* ,0 3#* 5&#30* 03 #5-+%05($(0+%- ,(*5&""0? 0 (+53&*-

# 3# ="-=(# -@"# 5-$- '0*%-<

4# ,"#$#%&"'(# 8# +- =0"%0+050 #3 %0#%"-? +( # 3# ,#+R#;%0#%"-? 0* &+# =">5;

%(5# 6&0 #@#"5# ,(70"*#* ,(*5(=3(+#* 8 3&'#"0* ,0 (+%0"9* 5&3%&"#3< .33A ,-+,0

*0 #5%T0 =T@3(5#$0+%0 *(0$="0 1#@"> &+ 5-+F&+%- ,0 ="0'&+%#* 8 ="(+5(;

=(-* 6&0 0*=0"#">+ # *0" "0*=-+,(,#* 8 ="-@#,-*< .*A 5-$- 03 #"%0 5-+%0$;

=-">+0- -55(,0+%#3 ,0 3-* T3%($-* ,(0R #V-* 1# *(,- -@F0%- ,0 &+ ="-+&+;

5(#,- '("- 1#5(# 3- (%(+0"#+%0? 3- "+ 23& ? 3- (+2-"$#3 8 =#"%(5(=#%(7-

S*(0$="0 $-%(7-* 0*%9%(5-* ,0 3# =">5%(5# 0*59+(5#S? 3# =">5%(5# ,"#$#%T";

'(5# 1# 330'#,- # 5-+70"%("*0 0+ &+ 5#$=- ,(*=0"*- ,0 #5%(7(,#,0* 5&8#

"03#5(G+ 5-+ 3#* 0*%"&5%&"#* %0#%"#30* ,0 3# "0="0*0+%#5(G+ 0* $>* 6&0

+&+5# (+10"0+%0 8 *(+ 0$@#"'- 5#,# 70R $>* 2#+%#*$#3< E3 #+>3-'-

#&$0+%- ,0 3#* 05-+-$A#* 5&3%&"#30* ,0 3# 0L=0"(0+5(#? 0+ 3#* 5&#30* 3-*

(+,(7(,&-* #,6&(0"0+? C#5&$&3#+D 8 5-$0"5(#+ 5-+ 0L=0"(0+5(#* $>* 6&0

5-+ -@F0%-*? 1# 5"0#,- &+# 0*50+# 5&3%&"#3 ,-+,0 3# #%0+5(G+ # 3#* 0*%"&5;

%&"#* 8 3-* 20+G$0+-* ,0 &+ #5-+%05($(0+%- ,#,-? *&* 5&#3(,#,0* ,0 #&%-;

0L=#+*(G+ 8 #&%-;%"#+*2-"$#5(G+ 1#+ 330'#,- # 5-+70"%("*0 0+ 7(%#30* =#"#

3# "050=5(G+ 8 0*%#%&* 5&3%&"#3 8 05-+G$(5- ,0 ,(51- #5-+%05($(0+%-<.1-"#? 03 5-+*&$(,-" #*=("# # *0" 03 ,"#$#%&"'- ,0 *& ="-=(# 7(,#<

.,0$>*? 3# #=0"%&"# ,03 #"%0 # 3- *-5(#3 8 3- "03#5(-+#3? *& ="-@30$>%(5#

NaU .,"(#+ /0#%12(03,



,0$-5"#%(R#5(G+? #""-F# ,0*#2A-* # 3# ,"#$#;

%&"'(# $>* #33> ,0 3#* 5&0*%(-+0* =3#+%0#,#*

*-@"0 3# %"#+*'"0*(G+ ,0 3#* 2-"$#* - 3#* ,(*5(;=3(+#*< E+ 0*%0 5-+%0L%-? +#,(0 =&0,0 ,05(" S*(

0* 6&0 #3'&+# 70R #3'&(0+ =&,-S 6&0 3# ,"#$#;

%&"'(# =0"%0+050 *G3- #3 ,"#$#%&"'-< J>* @(0+?

3# ,"#$#%&"'(# *0 ="0'&+%# ,G+,0 "0*(,0 8

,0*5#+*#: 3- 6&0 *('+(2(5# &+# "0+0'-5(#5(G+

,03 5-+%"#%- *-5(#3 ,03 #5-+%05($(0+%-< 4#

,"#$#%&"'(#? =-" %#+%-? *(+ ,"#$#%&"'-? *0

5-+7(0"%0 0+ 03 $-7($(0+%- ,0 "03#5(-+0* #

%"#79* ,0 &+# 5-+*%03#5(G+ ,0 ="0'&+%#*? 0+2-;

6&0*? 8 "0*=&0*%#* # 3# 5&0*%(G+ 6&0 +-* -5&=#<

e"#,&55(G+: J#+&03 K033(*5-<

!"#$#%&"'(# *(+ ,"#$#%&"'- Nab

K(@3(-'"#2A#

K3#+51-%? J#&"(50: 62,D'()(4= 3A )2, .(%"%),' ?%"#+*< .++ I$-5Y? i0pK(*-+ K--Y E,(%(-+?\+(70"*(%8 -2 i0@"#*Y#_"0**? NOOP<

X0"Y1-70+? J#"(#++0W#+: C4--Y(+' p(%1-&%=0+5(3 (+ %10 1#+,D? E4.'"F")*'=8 ? 62,"G

),'%&2'(A) HGI ? X##(%10;#%0"? NOOZ<

`$*51--%? J8"(#$ W#+:C.+L(-&* !"#$#;%&"'8D? D3F,4 "4+ J,'A3'F"4&,K 9

L3*'4"- 3A 7,F(4(%) 62,3'8 ? `**&0 Uc? Nb:U?l-&%30,'0? Uaab<

4(+'(*? .3=1-+*-: 62,MFN,'")(O,? `+,(#+#\+(70"*(%8 _"0**? NOOm<

d#@(#-? E30-+-"#:C!"#$#%&"'(+' p(%1J#@-& J(+0*: I(L_"-=-*#3* 2-" $&&3 J3'&3 D? D3F,4 "4+ J,'A3'F"4&,K 9

L3*'4"- 3A 7,F(4(%) 62,3'8? `**&0 Uc? Nb:U?l-&%30,'0? Uaab<





!"#$#%&"'( *+%,-&% #."#$#%&"'/

0."+#1 2/#%,3+/4.

5,/ 1-%/6 7 #$ 8"+1'+1' %- -&" 9-1:/"6#%+-16 %-.#( #99&$&4#%/ %,"-&', #

6/"+/6 -3 *"+%%/1 3"#'$/1%6; %,/( -</"#%/ +1 %,/ $-./ -3 #1#4/9%6= 5,/6/

3"#'$/1%6 #"/ %,/$6/4:/6 <&19%&#%/. 8( %*- #/6%,/%+9 +1%/"4&./6 *+%,

+$#'/6> 6,-*+1' # 6</9+3+9 *-"?= @#9, -3 %,/6/ +1%/"4&./6 +6 # ?+1. -3 %/6%

6+%/ -3 #1 +./# -3 ."#$#%&"'(; *,#% 7 #$ <"-<-6+1' #6 # A."#$#%&"'(

*+%,-&% # ."#$#%&"'/B= 71 /#9, -3 %,/ *-"?6 %,/"/ +6 1- 1#$/. 3+'&"/ -</"C

#%+1' 8/,+1. %,/ *-"?6 *,- *-&4. 6%#?/ # 94#+$ %- %,/ 1#$/ ."#$#%&"'/=D-1/%,/4/66> %,/6/ *-"?6 /#9, $#1+3/6% #/6%,/%+9 .(1#$+96 #1. <-6/

<#"%+9&4#" 9-19/<%&#4 <#"#.-E/6 %,#% 3-" $/ #"/ :+%#4 %- %,/ F&/6%+-1 -3 %,/

<"#9%+9/ -3 9-1%/$<-"#"( ."#$#%&"'(=

G,/"/:/" ."#$#%&"'( +6 9-19/+:/. #6 # <"#9%+9/ -3 %,-&',% +1 #.:#19/ -3

%,/ /:/1%> +% *+44 8/ 9-44#<6/. +1%- # 3-"$ -3 #&%,-"6,+< #1. 9-:/"% <-*/">

+% *+44 8/9-$/ #1-%,/" 1#$/ 3-" H#&%,-"I> H.+"/9%-"I> -" H9,-"/-'"#<,/"I=

!"#$#%&"'( .-/6 1-% 8/4-1' %- # "/6-4:/. %/$<-"#4+%(= !"#$#%&"'(> +3 +% +6

#1(%,+1'> +6 # <"#9%+9/ %,#% /1#84/6 &6 %- 6,#?/ -33 +1%/1%+-1#4 3#44#9+/6 #1.

.+6"&<% /9-1-$+/6 3-&1./. -1 1-%+-16 -3 +1.+:+.&#4+6$= 03%/" #44> #

."#$#%&"'/ +6 1-% #1 -"+'+1#"( 6-&"9/ -" # 3+1#4 "/<-6+%-"( -3 $/#1+1' 3-"

# *-"?> 8&% "#%,/" #1 #'/1% +1 # <"-9/66 -3 9-$$&1#4 $/#1+1' $#?+1'=

!"#$#%&"'( %#?/6 <4#9/ +1 %,/ /:/1% -3 </"3-"$#19/ C /:/1 +3 %,/ $#+1

#9%+:+%+/6 -3 # ."#$#%&"'/ ,#<</1 +1 6-$/%,+1' ?1-*1 #6 "/,/#"6#4= @:/"(

/:/1% -3 </"3-"$#19/ +6 # "/,/#"6#4 -3 #1-%,/" /:/1%> /:/"( "/,/#"6#4 #1

/:/1%= 5,-&', +% "/F&+"/6 "/6/#"9,> #6 # <"#9%+9/ ."#$#%&"'( +6 9-16%+%&%/.

%,"-&', +%6 #%%/1.#19/ %- %,+6 /9,-+1' /:/1%= J1/ $+',% 6#( +% +6 # 3-"$ -3 "/6<-16+:/1/66> -3 6</#?+1' -3 #1. *+%, %,/ /:/1% %,#% 4/#:/6 +%6 %"#9/6

%,/"/ #1. /46/*,/"/=



71 %,+6 "/6</9% ."#$#%&"'( ,-4.6 #1 #33+1+%( *+%, *,#% 7 9#44 %,/ *"+%+1' -3

</"3-"$#19/= 2/"/ %,/ H-3I +6 # <"/9+6/ 9-1K&19%+-1> 3-" 7 #$ +1:-?+1' #

$-./ -3 9"+%+9#4 *"+%+1' %,#% ,#6 /$/"'/. +1 "/6<-16/ %- 9-1%/$<-"#"(</"3-"$#19/ L -3%/1 %/"$/. H</"3-"$#%+:/ *"+%+1'I= 5,/ "/4#%+-1 9-1K&"/.

+1 6&9, *"+%+1'> 8/%*//1 *"+%+1' #1. %,/ /:/1% -3 </"3-"$#19/> +6 6-$/C

%,+1' 4+?/ %,/ "/4#%+-1 %,#% M#&"+9/ N4#19,-% 3+1.6 8/%*//1 *"+%+1' #1.

.+6#6%/" +1 ,+6 /EF&+6+%/ *-"?> !"# %&'(')* +, ("# -'./.(#& = OPQQRS=5,+6

<,"#6/ /:-?/6 %,/ %/16+-16 -3 3-"9/> #'/19( #1. .+"/9%+-1> %,/ <&44 -3

<#"#.-E 4-9#%/. +1 #44 6&9, 69"+<%&"#4 #9%6= 5,/ *"+%+1' -3 %,/ .+6#6%/"; %,/

*"+%+1' -3 %,/ /:/1%= 5,+6 *"+%+1' +6 1-% 6+$<4( &<-1 # 6&8K/9% -" #8-&% +%>

8&% "#%,/"> +6 H-3I +% +1 %,/ 6/16/ %,#% +% +66&/6 3"-$ +%> +6 6&8K/9% %- +%6 3-"9/

#1. 9-1.+%+-16= 5,/ *"+%+1' -3 %,/ </"3-"$#19/ /:/1% /$/"'/6 %,/1 3"-$

#1 +$</"#%+:/ +1 %,/ /:/1%> #1. +6 6&8K/9%> 4+?/ N4#19,-%I6 *"+%+1'> %- %,/

"/4/1%4/66 1/'#%+:/ 3-"9/ -3 +%6 "#.+9#44( /4&6+:/ -"+'+1=

71 %,/ *#?/ -3 %,/ ./9#( -3 %,/ <-*/"6 -3 :#"+-&6 6%#<4/6 -3 ."#$#%+9

"/<"/6/1%#%+-1 L-"./"6 -3 4+1/#" 1#""#%+:/> 6/9%+-1/. 6<#9/> <"-'"/66+:/

%+$/ #1. +16%"&$/1%#4 #9%+-1L ."#$#%&"'( +6 3"/F&/1%4( 9,#"'/. *+%, %,/

%#6?6 -3 %,/ '&#".+#16,+< #1. "/6%-"#%+-1 -3 /:/1%C6%"&9%&"/= !"#$#%&"'(

+6 -3%/1 6//1 #6 :+%#4 %- <"-9/66/6 -3 6,#<+1'> -"./"+1' #1. 9-,/"+1'> -3 $#?+1' 6/16/ 1-* %,#% -4./" -"./"6 -3 6/16/ $#?+1' ,#:/ 8//1 $#"?/. 8(

# 9/"%#+1 "/.&1.#19(= 5,+6 +6 #% -19/ %,/ ."#$#%&"'/I6 8&"./1 #1. 6-&"9/

-3 4+8/"#%+-1; %,/ 1/9/66+%( #1. -<<-"%&1+%( -3 9-1%"+8&%+1' %- 9"/#%+:/

3-"$#%+-16 %,#% "/./3+1/ %,/ <-%/1%+#46 -3 1#""#%+:/ 3-"9/> #4%/"/. 6<#%+#4

#1. %/$<-"#4 <,/1-$/1#> #1. #33/9%+:/ /$8-.+/. "/4#%+-16= 5,/ 9-1%/$C

<-"#"( ."#$#%&"'/ +6 /1'#'/. %,/1 +1 # 9-1:/"6#%+-1 -1 %,/ O9&4%&"#4S

1/9/66+%+/6 -3 3-"$6> #1. +1 <#"%+9&4#" %,/ F&/6% 3-" -" .+6+1%/"/6% +1 9-,/C

6+-16 -3 6/16/ +1 # *-"?= 5,/ 9-1%/$<-"#"( ."#$#%&"'/ F&/6%+-16 %,/ 6/.+C

$/1%#%+-1 -3 $/#1+1' +1 # *-"?T #6?6 +3 6%"&9%&"/ #4*#(6 .+694-6/6 +1%/'"+C

%+/6T +1%/""-'#%/6 %,/ "/4#%+-16 -3 3-"9/ "/6+./1% +1 #4%/"/. 9-16%/44#%+-16

#1. #''"/'#%+-16 -3 '+:/1 3//4+1'6> :+6+-16 #1. +./#6=

5,/ +./1%+%( #1. "-4/ -3 %,/ ."#$#%&"'/> #6 3+"6% 1-%/. 8( M#"+#11/ U#1

V/"?,-:/1> +6 $#"?/. 8( +%+1/"#19( #1. +1:+6+8+4+%( OV/"?,-:/1> PQQWS= 5,+6

9-1.+%+-1 +6 +1 <#"% ./"+:/. 3"-$ %,/ ."#$#%&"'/I6 6&8-".+1#%/ 6%#%&6 +1

"/4#%+-1 %- -%,/" $-"/ <"+:+4/'/. #1. :+6+84/ +./1%+%+/6 +1 6%"#%+3+/. 9-44#8C

-"#%+:/ <"-9/66/6> #1. +1 <#"% +% +6 ./"+:/. 3"-$ %,/ :#'&/1/66 -" $#"'+1C#4+%( -3 %,/ ."#$#%&"'/I6 "/6<-16+8+4+%+/6= 5,/ ."#$#%&"'/ ,#6 # 6,#"/ +1

%,/ *-"?> 8&% %,/"/ +6 4+%%4/ 8/4-1'+1' 8/%*//1 %,/ %*-= 5,/ ."#$#%&"'/>

PXY 0."+#1 2/#%,3+/4.



U#1 V/"?,-:/1 6#(6> A+6 1-%Z F&+%/ -" 1-% (/% #1 #"%+6%B= 0% -19/ 9"&9+#4

#1. +19-16/F&/1%+#4> +% 6//$6 %,#% # ."#$#%&"'/ +6 "/6<-16+84/ 3-" #44 #1.

1-%,+1'> #1. 9-16/F&/1%4( +6 %,/ 3+"6% %- 8/ 84#$/. #1. %,/ 4#6% %- 8/<"#+6/.= J1/ 9-&4. 6// O#1. /E</"+/19/S %,+6 +1:+6+8+4+%( #6 # "/6%"#+1% #1.

# .+6/$<-*/"$/1%> -" 6-$/%,+1' %- 8/ %-4/"#%/.> 8&% *,#% +3 +% +6 %,/

1/9/66#"( 9-1.+%+-1 -3 # ?+1. -3 "/6%4/66> 1-1C+./1%+%#"+#1 9"/#%+:/ #'/19([

\"/9+6/4( 8/9#&6/ -3 %,+6 <-%/1%+#4 #'/19(> %,/ ."#$#%&"'/ +6 -3%/1 <4#9/.

+1 # 6+%&#%+-1 -" "-4/ *,/"/ :#"+-&6 <-*/"6 #%%/$<% %- 9#<+%#4+]/ -1 %,/+"

9#<#9+%+/6 *+%,+1 # 9"/#%+:/ <"-9/66= 06 M("+#$ U#1 7$69,--% ,#6 #9&%/4(

#"'&/.> %,/ /$/"'/19/ -3 %,/ ."#$#%&"'/ #6 #1 +16%+%&%+-1#44( 6#19%+-1/.

#1. 3&1./. "-4/> ,#6 -3%/1 4/#. %- +%6 ./<4-($/1% #6 # $/#16 -3 9-1%"-4; %-

3"#$/> #<<"-<"+#%/> 6#1+%+]/ #1. $#?/ 4/'+84/> <"#9%+9/6 *,-6/ 9-1%/1% #1.

/1/"'/%+96 *-&4. -%,/"*+6/ "/6% &1/#6+4( *+%,+1 %,/ /6%#84+6,/. +16%+%&C

%+-16 #1. /9-1-$+/6 -3 9&4%&"#4 <"-.&9%+-1 O7$69,--%> ^XX_;RQCYXS= U#1

7$69,--% 9+%/6 1&$/"-&6 +16%#19/6 *,/"/ <"-.&9+1' ,-&6/6> '"+<</. 8( #

$+E%&"/ -3 ./6+"/ #1. 3/#" *,/1 3#9/. *+%, %,/ #4%/"+%+/6 -3 #1 #"%+6% -"

#"%*-"?> ,#:/ ./<4-(/. %,/ ."#$#%&"'/ #6 #1 +16%"&$/1% -3 %"#164#%+-1>

H+$<"-:/$/1%I> "/3+1/$/1% #1. #.#<%#%+-1 %-*#".6 /6%#84+6,/. 9-C-".+C

1#%/6 -3 %#6%/= G,/"/:/" %,/ ."#$#%&"'/ +6 /$<4-(/.> -&%6+./ -3 -"'#1+9"/4#%+-16 +1+%+#%/. 8( #&%-1-$-&6 #"%+6%+9 9-""/6<-1./19/ +1 # 9&4%&"#4

69/1/> %,/ 6&6<+9+-1 -3 %,+6 3&19%+-1 *+44 #1. 6,-&4. /E+6%= 06 6--1 #6

."#$#%&"'( /1%/"6 #1 +16%+%&%+-1#4 3"#$/*-"?> %,/ ."#$#%&"'/ +6 /%,+9#44(

-84+'/. %- #6?; *,#% $-:/$/1%6 -3 #66+$+4#%+-1 $#( $( *-"? 8/ 4/'+%+$#C

%+]+1'[ 5- *,#% /E%/1% +6 $( "-4/ +16%"&$/1%#4 %- %/9,1-9"#%+9 #1. -"'#1+C

6#%+-1#4 3-"9/6 -&%6+./ -3 $( 9-1%"-4[ 2-* $+',% %,/ <"#9%+9/ -3 ."#$#C

%&"'( "/6+6% 6&9, -</"#%+-16[ 73 +% $#( 1-% "/6+6%> 6,-&4. +% 1-% 8/

.+69#"./.[

`+"6% 71%/"4&./; `"#'$/1% 3"-$ # 4/%%/" %- %,/ !+"/9%-" 5+$@%9,/446 -1 </"3-"$#19/ #1. %,/ 1#%&"/ -3 D#""#%+:/ `-"9/

!/#" 5+$>

7 *#6 %,+1?+1' %,/ -%,/" .#( -3 %,/ .&"#%+-1#4 *-"?6 */ ,#:/ $#./

%-'/%,/"

AO0/&/("+) 1#2'3+) #1. !"# 4&#56#)(78 9.:#; SB #1. ,-* .&"#%+-1

$#( "/4#%/ %- F&/6%+-16 -3 %,/ <-*/"6 #1. -</"#%+-16 -3 1#""#%+:/=

!"#$#%&"'( *+%,-&% # ."#$#%&"'/ PXa



03%/" %,/ 9-44#<6/ -3 3#+%, +1 $/%#C1#""#%+:/6> 6- %"&$</%/. 8( %,/-C

"+6%6 -3 %,/ A\-6%$-./"1 69/1/B O# <,"#6/ -1/ 8#"/4( ,/#"6

$/1%+-1/. %,/6/ .#(6 </",#<6 8/9#&6/ -3 %,/ /E,#&6%+-1 -3 +%6 -*16%-"(S> /E</"+$/1%#4 %,/#%"/ #1. 4+:/ #"% /E<4-"/. %,/ 3"#'$/1%#%+-1

#1. $&4%+<4+9#%+-1 -3 3+9%+:/ *-"4.6> %,/ 3"+9%+-16 -3 9-&1%/"C<-6/.

$+9"-C1#""#%+:/6 #1. %,/ $#1-/&:"/6 #1. 6%&%%/"6 -3 # %/6%+$-1+#4

:-+9/= 5,/6/ #/6%,/%+9 /E</"+$/1%6> +1./8%/. %- %,/ ,+6%-"( -3 9-44#'/

#1. +1:/6%/. +1 %,/ <-%/1%+#46 -3 "&<%&"/> */1% +1 6/#"9, -3 %,/

#4%/"/. 9-1.+%+-16 -3 1#""#%+-1 %,#% 9-&4. 8/6% #<<"-E+$#%/ %,/

9-1%/$<-"#"( *-"4.= b-&" -*1 *-"? *+%, `-"9/. @1%/"%#+1$/1%>

<#"%+9&4#"4( +1 %,/ .&"#%+-1#4 <+/9/6> +6 /E/$<4#"( +1 "/4#%+-1 %- %,+6F&/6%= 2/"/ (-& #"/> +16+./ %,/ </"3-"$#19/ -3 01. -1 %,/ %,-&C

6#1.%, 1+',% Z> #1. +1 %,/ ,-"16 -3 # <#"%+9&4#" 1#""#%#4-'+9#4

.+4/$$#; 2/ <4#(6 # :+./- -3 #1 /E%"#9% 3"-$ 9); +) ("# ("+6./);("

)'*"(<

5,+6 +6 # "&4/C8#6/. +$<"-:+6#%+-1#4 </"3-"$#19/ 9-1.&9%/. -:/" 6+E

,-&"6> 8#6/. -1 %,/ 6+$<4/ <"/$+6/ %,#% /#9, </"3-"$/" $&6%

9-1%+1&/ # 1#""#%+-1 &1%+4 6%-<</. 8( -1/ -3 %,/ -%,/" 6/:/1</"3-"$/"6= 71 # 6/16/> # 6+1'4/ 1#""#%+-1 +6 $#./> 8&% -1/ 9-$<-6/.

PXc 0."+#1 2/#%,3+/4.

9); +) ("# ("+6./);(" )'*"(= `-"9/. @1%/"%#+1$/1%> ^XXX= \,-%-; 2&'- d4/1.+11+1'



-3 ,&1."/.6 -3 9-$<4/$/1%#"( #1. 9-1%"#.+9%-"( $+9"-C1#""#%+:/6>

/#9, *+%, %,/+" -*1 %/$<- -3 ./4+:/"(> 6%"&9%&"#4 */+',%+1' #1. .&"#C

%+-1> %,/ 6<#9+1' -3 /#9, 8/+1' ./9+./. +1 %,/ $-$/1% -3 "/6<-16/> +1%,/ #9%+:+%( -3 9-44#'/= D#""#%+:/ +6 6&8K/9%/. %- %,/ 3-"9/6 -3

6&6%#+1/. 9-44#8-"#%+:/ 9-$<-6+%+-1 ,/"/= 01. +1 %,/ 9-1%/E% -3 (-&"

*-"? *+%, `-"9/. @1%/"%#+1$/1%> 6&9, +$<"-:+6#%+-16 #"/ 6,#</. 8(

#1 /E%/16+:/ 9-$$&1#4 :-9#8&4#"( -3 </"3-"$#19/ 6%"#%/'+/6 #1.

#/6%,/%+9 6/16+8+4+%+/6 /:-4:/. -:/" â (/#"6 -3 +$<"-:+6+1' #1.

</"3-"$+1' %-'/%,/"= 71 %,+6 *-"?> #6 +1 $#1( -3 (-&" -%,/" <+/9/6>

%,/ $/9,#1+6$6 #1. 6%"&9%&"#4 3&19%+-16 -3 1#""#%+:/ #"/ /E<-6/.

#1. F&/6%+-1/.= 5,+6 4#(+1' 8#"/ /E%/1.6 %- %,/ </"3-"$/. %#9%+96>%/9,1+F&/6 #1. ",/%-"+96 -3 1#""#%+-1 L #44 -3 *,+9, 9-$/ &1./" %,/

69"&%+1( #33-"./. 8( (-&" 6%#"? 3"-1%#4 #<<"-#9,= !/4+:/"/. 6%"#+',%

#9"-66 %,/ 94/#:#'/ -3 6%#'/ #1. #&.+%-"+&$> /#9, %/44+1' +6 %/6%/.

#'#+16% %,/ -%,/" %/44+1'6> #6 +% /1%/"6 #1 +$$/.+#%/ 9-$<#"#%+:/

9-1%/E%= @#9, #"%+9&4#%+-1 +6 #46- <4#9/. +1 # %/$<-"#4 "/4#%+-1 #'#+16%

-%,/" "/$/$8/"/. %/44+1'6= 06 +1 #44 1#""#%+:/ 6%"&9%&"/6> 4#%/"

/4/$/1%6 -3 %,/ 1#""#%+-1 "/:+6/> "/6-4:/> -" 9-$<4+9#%/ <"/9/.+1'

.(1#$+96> F&/6%+-16> -" .+4/$$#6> 8&% ,/"/ .&"#%+-1 #..6 6+'1+3+9#1%3"/+',% %- %,/ 9"-66C%/$<-"#4 "/3/"/19/6> "/</%+%+-16> #1. #.#<%#%+-16=

!"#$#%&"'( *+%,-&% # ."#$#%&"'/ PXQ

9); +) ("# ("+6./);(" )'*"(= `-"9/. @1%/"%#+1$/1%> ^XXX= \,-%-; 2&'- d4/1.+11+1'



@:/"( #"%+9&4#%/. '/6%&"/ %-*#".6 # 1#""#%+:/ %,#% ,#6 #4"/#.( 8//1

<4#9/. +1 %,/ 6<#9/ +6 3/4% #6 #1 +1%/"C%/E%&#4 %"#163-"$#%+-1> #1.

$#"?/. %,"-&', %,/ #99&$&4#%+:/ /$8-.+/. #33/9%6 -3 %,/ %"#:#+4=

06 */ 3-&1. *+%, AM#"#%,-1 e/E+9-1B OP^ ,-&"6S #1. *+%, A5,/

`"/F&/1%4( 06?/.B Oc ,-&"6S %,/"/ +6 #1 +$</"#%+:/ %,#% $#1( #&.+C

/19/ $/$8/"6 /E</"+/19/> %- #%%/$<% %- $#%9, %,/ </"3-"$/"I6 .&"#C

%+-1#4 /E</"+/19/ #1. *+%1/66 %,/ H*,-4/I %,+1'= G,+46% +% +6 %,/ :/"(

3&19%+-1 -3 .&"#%+-1#4 #/6%,/%+96 %- $#?/ F&/6%+-1#84/ 6&9,

#%%/$<%6> %- .+6#44-* # %-%#4+6+1' </"6</9%+:/> %- "/1./" #44 1#""#%+:/6

+19-$<4/%/> %,+6 8"/#9, +1 1#""#%+:/ 3&19%+-16 9"/#%/6 # ./6+"/ 3-" #

*,-4/ /E</"+/19/ #1. </",#<6 3-" # $/%#C1#""#%+:/ %,#% *-&4.

-"'#1+6/ %,/ 3"#'$/1%#"( <#"%6= 71 %,+6 9-44#'/. *-"4. -3 /E<-6/.>

8"-?/1 #1. +1%/""&<%/. 1#""#%+:/6> 6-$/%,+1' -3 %,/ 3-"9/ -3 1#""#C

%+:/ "/%&"16= 5,/"/ #"/ 6,#.-* 1#""#%+:/6 ,/"/= @:/1 -:/" 6&9, 4-1'

.&"#%+-16> <#"%+9&4#" $+9"-C1#""#%+:/6 %#?/ -1 # %"#169/1./1% */+',%>

+1 6<+%/ -3 %,/ #4%/"#%+-1 +1 %,/+" :#"+/. "/</%+%+-16= M-"/-:/"> %,/

*#(6 +1 *,+9, 1#""#%+:/6 #"/ %-4.> "/6-4:/. O-" 6&6</1./.S #99&$&C

4#%/> $/%,-.-4-'+/6 #''"/'#%/ +1%- 1#""#%+-1#4 6/16+8+4+%+/6> #33/9%6

#1. 6/1%+$/1%6 9-,/"/ +1 %,/ #99&$&4#%+-1 -3 +%/"#%+-16> $/%#C1#""#C%+:/6 #"/ +1/:+%#84( .+694-6/.= 01. #6+./ %,/6/ "/9-16%+%&%+-16> 1#""#C

%+:/ 3-"9/ +6 "/%&"1/. %- %,/ <+/9/ 8( +%6 #&.+/19/> 6+19/ 1#""#%+-1 +6 #

3&19%+-1 -3 9-169+-&61/66 +%6/43= 5,"-&', #44 -3 %,+6 %,-&',> %,/"/ +6

%,/ "/6%4/66 $-:/$/1% -3 .&"#%+-1> "/$+1.+1' &6 %,#% /:/"( 1#""#%+:/>

/:/"( "/C6,#<+1' -3 %+$/ +%6/43> +6 %-"1 -</1 8( %,/ 9/#6/4/66 34-* -3

6/16#%/ %+$/> *,+9, %,-&',% +%6/43 9#1 8#"/4( #<<"-E+$#%/=

76 +% %,/ ."#$#%&"'/I6 "-4/ %- ,/4< $#?/ 6/16/[ 01. +3 6-> 3-" *,-$; 3-" %,/

-%,/" $#?/"6 -" 3-" %,/ #&.+/19/[ 71 /+%,/" 9#6/> 7 6&6</9% 1-%= !"#$#%&"'(

$+',% 8/ 8/%%/" 9-19/+:/. #6 # 3-"$ -3 "/6<-16+8+4+%( %-*#".6 O#1.

"/6<-16/ %-S %,#% *,+9, +6 +$$#1/1% +1 # '+:/1 </"3-"$#19/> +%6

<,/1-$/1# #1. 3-"$6 -3 "/<"/6/1%#%+-1= \/",#<6 %,+6 *+44 "/F&+"/ 9-1%"+C

8&%+-16 %-*#".6 %,/ "/6-4&%+-1 -3 9/"%#+1 <#"#.-E/6> 8&% +% $#( K&6% #6

/#6+4( "/F&+"/ %,/+" /E%/16+-1 -" #$<4+3+9#%+-1= 5,/ ."#$#%&"'/ *-&4. 8/

%,/ -1/ *,-6/ +1%/"/6% 4+/6 +1 %,/ 8"+1'+1' 3-"*#". -3 %,/ +$<4+9+% 3-"9/ -3

#1( '+:/1 #"%+9&4#%+-1= 2/"/ ."#$#%&"'( 9-$/6 94-6/" %- %,/ 3&19%+-1 -3 %,/

#1#4(6#1. +1 <6(9,-#1#4(6+6 -" %,/ *+%1/66 +1 ,+6%-"(> -" %,/ $+.*+3/ #% %,/ 8+"%,= 5,/ ."#$#%&"'/ ?1-*6 %,#% %,/"/ +6 1- -*1/"6,+< -3 # *-"? -3 #"%>

K&6% #6 %,/"/ +6 1- <-66/66+-1 -3 +./#6T %,/ ."#$#%&"'/ +6 %,/1 9-1%/1% %-

PPX 0."+#1 2/#%,3+/4.



#9% #6 %,/ +1:+'+4#%-" #1. #%%/1.#1% -3 %,/ 6,-*+1'> %,/ 6%/*#". -1 %,/

K-&"1/( -3 # %,-&',%=

5,/ ."#$#%&"'/ +6 -3%/1 #6?/. %- *"+%/ -1 %,/ *-"? %,#% %,/( ,#:/ <4#(/.

# "-4/ +1 $#?+1'= N&% ,-* 6,-&4. %,/ ."#$#%&"'/ *"+%/ -3 6-$/%,+1' 3"-$

*,+9, %,/( 9#11-% 8/ #<#"%> 6-$/%,+1' %,#% +6 +1 #1( 9#6/ 1-% # 9-16-4+C

.#%/. -" 3+1#4+6/. -8K/9% +1 %,/ *-"4.> 8&% # 4+:+1' #"%+9&4#%+-1 +%6/43[

2/"/ %,/ %#9%+96 -3 H</"3-"$#%+:/ *"+%+1'I $#( <"-:+./ 6-$/ <-66+8+4+%+/6

3-" # 3&"%,/" '/1/"#%+:/ "/4#%+-1 %- %,/ /:/1% -3 </"3-"$#19/= \/"3-"$#%+:/

*"+%+1' .-/6 1-% 6// 9&4%&"#4 /:/1%6 -" #"%*-"?6 #6 -8K/9%6> 8&% "#%,/" #6

6+%&#%+-16> $#1+3/6%#%+-16> #1. #"%+9&4#%+-16 -3 +./#6= 06 6&9, %,/( #"/

"#"/4( 6%#%+9 #1. 3+1#4> 8&% ,+',4( .(1#$+9 #1. <"-:+6+-1#4= 5,/( #"/ 6//1

1-% K&6% #6 "/<"/6/1%#%+-16 8&% #46- #6 6#(+1'6= G,#% %,/( 6#( +6 6#+. +1

"/4#%+-1 %-> #1. <#"%4( ./%/"$+1/. 8(> %,/+" 9-1%/E%; ,+6%-"+9#4 #1. <"/6/1%>

$#%/"+#4 #1. 6<#%+#4 O+1 %/"$6 -3 %,/ +16%+%&%+-16 -" 6-9+#4 6/%%+1'6 +1 *,+9,

%,/( #"/ <"/6/1%/.S> #1. /$8-.+/. O+1 %/"$6 -3 %,/ <,(6+9#4 #1. 6/16&#4

"/4#%+-1 8/%*//1 %,/ 6</9%#%-" #1. %,/ -8K/9%> #1. %,/ 6</9%#%-" #1. %,/

*-"?I6 -%,/" "/9+<+/1%6S= 5- #.."/66 6&9, 6#(+1'6 +1 *"+%+1' +6 %,/1 %- 6#(

8#9?> %- "/6<-1.> %- /1'#'/ #'#+1 +1 # <"-9/66 "/4#%+-1 %,#% +6 9-"<-"/#4>#1+$#%/ #1. %"#163-"$#%+:/= 71 -%,/" *-".6 +% +6 %- 6%#'/ # 9"-66+1'; #

9-1:/"6#%+-1= 5,/ ."#$#%&"'/ +6 3+"6% #1. 3-"/$-6% # 9-1:/"6#%+-1#4+6%=

f-1:/"6#%+-1 $#1+3/6%6 # 3-"$ -3 .+69-&"6/ %,#% +6 *+%,+1 #1. <#"%4( #8-&%

%,/ <"/6/1% 9-1%/E% -3 /19-&1%/"T #1 +1%/16/4( 6-9+#4 #1. <"-:+6+-1#4 #33#+"

%,#% +6 1-% 6&8K/9% %- 94-6&"/= 2/"/ 4#1'&#'/ +6 '"+<</. 8( .+33/"/1%+#%+-1;

#6 N4#19,-% 6#(6> A5- 9-1:/"6/ +6 %- %&"1 4#1'&#'/ #*#( 3"-$ +%6/43> $#+1C

%#+1+1' +% -&%6+./ -3 #44 &1+%(> -&%6+./ /:/1 %,/ &1+%( -3 %,#% *,+9, +6= 5-

9-1:/"6/ +6 %- .+:/"% 4#1'&#'/ 3"-$ +%6/43 8( 4/%%+1' +% .+33/" #1. ./3/">

#16*/"+1' *+%, #1 #4*#(6 #4"/#.( %- # 1/:/" (/%B ON4#19,-%> PQQR;_WS= 5,/

+1%#1'+84/ '+3% %,#% +6 '+:/1 +1 %,+6 /E9,#1'/ /:#./6 1#$/ #1. 1&$8/"> +%

+6 1-% # F&#1%+3+#84/ <,/1-$/1#> 1-" +6 +% #1 -8K/9% -3 ?1-*4/.'/= 7% 9#11-%

8/ #66&"/.= 7% +6 %,/ '+3% -3 %+$/ 6</1% /1%*+1/. *+%, %,/ +./#6 -3 -%,/"6>

,/#"% +1 ,#1.> /#" +1 $-&%,> /(/6 #% %,/ ,-"+]-16 -3 %,-&',%> *-".6 64+<C

<+1' -:/" 4+<6 #1. .+66-4:+1' +1%- #+"= d+:/1 %+$/ %,/ '+3% "/%&"16=

5,/ ."#$#%&"'/> *"+%+1' -3 %,/ /:/1% %,/( ,/4</. %- 8"+1' +1%- %,/ *-"4.>

+6 $#?+1' #1-%,/" 3-"# -3 9-1:/"6#%+-1 3-" %,/ /:/1%> /E%/1.+1' #1. "/C+%/"C#%+1' +%6 4+3/ 3-"9/6= 5,/ H+$#'+1#%+:/ 9-$$&1+-1I; %,/ #"% -3 9-1:/"6#%+-1

g %,/ 9-1:/"6#%+-1 -3 #"%= 5- *"+%/ +, %,/ *-"? %,/ ."#$#%&"'/ $&6% /1%/"

!"#$#%&"'( *+%,-&% # ."#$#%&"'/ PPP



-19/ #'#+1 %,/ 6<#9/ -3 9-1:/"6#%+-1> *,/"/ %,/ *-"?I6 /E9/66+:/ 3-"9/6 #"/

8"-&',% 8#9? %- #1+$#%/> .+6#66/$84/ #1. ,#&1% +%6 *"+%+1'=

5,/ 1-%+-1 -3 #1 H-&%6+./ /(/I> #6 01."h e/</9?+ ,#6 "/$#"?/.> +6 #

$+61-$/" 3-" # ."#$#%&"'+9#4 "-4/> 8#6/. -1 # $-./4 -3 .+6+1:/6%/. "/4#C

%+-1 #1. 69-<+9 <-*/" O7$69,--%> ^XX_;Y_S= 71 %,/ iV +% +6 -3%/1 &6/. #6 #1

#<<#"/1%4( #<-4-'/%+9 %/"$> 9-$</16#%+1' 3-" %,/ #86/19/ -3 %,/ "-4/

H.+"/9%-"I> +1 +%6 <,"#6+1' 6&""/<%+%+-&64( +16%#%+1' %,/ *-"6% -3 %,#% 3+'&"/6I

<-*/"6= 5,/ ."#$#%&"'/ +6 1- $-"/ -&%6+./ -3 %,/ /:/1% %,#1 #1( -3 +%6

<#"%+9+<#1%6 L </"3-"$/"6> #9%-"6> .#19/"6> .+"/9%-"6> 9,-"/-'"#<,/"6>

./6+'1/"6> %/9,1+9+#16 #1. #&.+/19/= 5,/"/ +6 1- .+6/1%*+1/. <4#9/ 3"-$

*,+9, %,/ -&%6+./ -3 %,/ /:/1% $#( 8/ /E</"+/19/.= 5,/"/ #"/ 6+$<4( # 6/%

-3 :#"(+1' "/4#%+-16 %- %,/ /:/1% *+%, .+33/"+1' 3-"$6 -3 #'/19( #1. 4-9#C

%+-16 -3 </"9/<%+-1 -" *+%1/66+1'= @:/1%6 -3 </"3-"$#19/ #"/ 6+1'&4#">

+1%/16/> #1. 6#%&"#%/. *+%, $&4%+<4+9+%(= 5,/( "/F&+"/ %,/ ."#$#%&"'/ %- 8/

9-"<-"/#44( <"/6/1% *+%, %,/$> #6 # <"#9%+9/ -3 *#%9,+1' #1. %,+1?+1'T %,/(

./$#1. /E%/16+:/ /$-%+-1#4 #1. 6/16-"( #%%/1%+-1= 7% +6 &14+?/4( %- 8/

,/4<3&4 +3 %,/ ."#$#%&"'/ ?//<6 -14( -1/ /(/ -1 %,+1'6> #6 %,+6 *-&4.

6&''/6% %,#% %,/( ,#:/ .+:+./. %,/+" #1#%-$( #1. %,/+" -%,/" /(/ +6 4--?+1'

/46/*,/"/=

01. (/%> </",#<6 */ #"/ 1-% .-1/ *+%, %,+6 F&/6%+-1 -3 %,/ ."#$#%&"'/I6

"/4#%+-1 %- %,/ -&%6+./ -3 #1 /:/1%> #6 %,/ -&%6+./ -3 %,/ /:/1% +6 +16+./ +%>

#1. %,+6 -&%6+./ ,-4.6 #1 +$</"#%+:/ 3-" %,/ ."#$#%&"'/= 5,/ +$</"#%+:/ +6

# 3-"9/ %,#% +6 "/6+./1% +1 %,+1'6 #1. %,#% 9-$$#1.6 %,-&',% #1.

4#1'&#'/> 8"+1'+1' %,/$ %- -"./"> %- "/C<"/6/1% #1. 3-"$ %,/ *-"4.=

2-*/:/"> %,/ +$</"#%+:/ +6 1/:/" +%6/43 "/<"/6/1%/. +1 %,-&',% -" 4#1'&#'/

8/9#&6/ +% +6 #1 #86-4&%/ /E%/"+-"+%(= 71 %,+6 "/6</9% ."#$#%&"'( *+44 #4*#(6

8/ 6,#.-*/. 8( F&/6%+-16 -3 /%,+96> 8( F&/6%+-16 -3 %,/ ."#$#%&"'/I6 "/4#C

%+-1 %- %,/ #4%/"+%+/6 /19-&1%/"/. *+%,+1 %,/ #"%*-"?= 06 04<,-16- e+1'+6

1-%/6> %,/ /%,+96 -3 #1( /19-&1%/" +6 :/"( $&9, # F&/6%+-1 -3 ,-* -1/

3#9/6 #4%/"+%(; A"/6</9%B ,/ 6#(6 A+6 %,/ 94#+":-(#19/ %,#% 6/16/6 3"-$ %,/

3+"6% %,#% %,/ -%,/" +6 #1 /E%/"+-" 4-9&6 -3 %,/ /E%/"+-"+%( -3 %,/ +$</"#%+:/

*,+9, 7 3+1. +1 $( 3#9&4%( -3 %,-&',% 8&% 9#11-% "/<"/6/1% +1 # 3-"$&4#C

%+-1 %,#% ,#6 +%6 6-&"9/ +1 $/=B Oe+1'+16> PQQc; PcQS=

5,/ /%,+9#4 +$</"#%+:/ -3 </"3-"$#19/> 4+?/ %,#% -3 4+3/ +%6/43> #"+6/6 3"-$/134/6,/. /E+6%/19/; +% +6 #1 /4/$/1%#4 <,(6+9#4 8+1.+1' %,#% "/6+./6 +1 %,/

:+8"#19( -3 %,/ 6/16#%/ 4+3/ +1 #1. #"-&1. &6= 7% +6 3-&1./. 1-% +1 4#9?> -"

PP^ 0."+#1 2/#%,3+/4.



+1 #86/19/> 8&% +1 6&</"#8&1.#19/ #1. /E9/66; +1 %,/ <4/1+%&./ -3 6/16&#4

8/+1'= 7% +6 # .+"/9%+:/ %,#% #9%6 &<-1 -&" </"9/<%+-1 #1. %,-&',% 9#44+1'

%,/$ %- #99-&1%= J" #6 e+1'+6 <&%6 +%; A%,+1'6 3+1#4+]/ -&" 6/16+8+4+%( #1.$#?/ +% +1%- </"9/<%+-1B O+8+.> PQQc; WcS= 71 %,+6 "/6</9% %,/ +$</"#%+:/ +6

9-16%#1%4( -</"#%+:/ &<-1 9-169+-&61/66T +% +6 # .+33&6/> -$1+<"/6/1%

3-"9/= 01 /%,+96 -3 ."#$#%&"'( *-&4. %,/1 "/6% -1 %,/ F&#4+%+/6 -3 %,/

."#$#%&"'/I6 #%%/1%+-1 %- %,#% *,+9, 6&""-&1.6 ,/"> #1. +1 *,+9, 6,/ +6

+$$/"6/.> ,/" 6/16&#4 "/9/<%+:+%( #1. 6/16&-&6 "/6<-16/> ,/" #8+4+%( %- 8/

%#?/1 -&%6+./ -3 ,/"6/43= 5,/ ."#$#%&"'/ *-"?6 %,"-&', 6%#%/6 -3 %"#16C

<-"%> $-:+1' 94-6/ %- %,/ 4+3/ 3-"9/6 +16+./ %,/ #/6%,/%+9> %- /96%#6(> ./4+',%>

.#1'/" #1. $-"%#4+%(> %- %,/ <&46/> 34-* #1. 6*#( -3 %,+1'6=

j/9-1. 71%/"4&./ C `"#'$/1% 3"-$ # 4/%%/" %- f,-"/-'"#<,/"

k-1#%,#1 N&""-*6 -1 %,/ 6&8K/9% -3 +$<"-:+6#%+-1 #1.

/$8-.+/. "/4#%+-1

!/#" k-1#%,#1>

7 "/$/$8/" 6//+1' N-"+6 f,#"$#%] +1 # %#4? *+%, j%/:/ \#E%-1 +1 D/*b-"? #% %,/ N#"(6,1+?-: 9/1%"/= \#E%-1 *#6 $/""+4( "/9-&1%+1' f,#"C

$#%]I6 <#"%+9+<#%+-1 +1 6-$/ ?+1. -3 +1%/"1#%+-1#4 +$<"-:+6#%+-1

*-"?6,-< 6/66+-1> *,/"/ #$+.6% # 6/# -3 .#19+1' 8-.+/6 $-:+1' *+%,

9-16&$$#%/ 6/16+%+:+%(> -</11/66 #1. "/6<-16+:/1/66 %- %,/ $-:/C

$/1%6 -3 -%,/"6> f,#"$#%] ,#. <&% ,+6 ,--.( &< #1. ,#. 9"#6,/. ,+6

*#( %,"-&', %,/ <"-9//.+1'6= \#E%-1 .+. # '"/#% <,(6+9#4 +$</"6-1C

#%+-1 -3 f,#"$#%] #% %,/ '#%,/"+1'> $-:+1' ,#43C84+1. +1 +6-4#%+-1>

*+%, #1 +1%/"+-" #'+%#%+-1 #1. "/9?4/66 "/'#". 3-" -%,/"6= f4/#"4( ,/

,#. 8&9?/. %,/ -"%,-.-E( +1 %,#% 6<#9/ O+%6 H3"//.-$I ,#. 8/9-$/ #1

+1%-4/"#84/ 9-16%"#+1%S #1. +1 .-+1' %,+6 ,/ ,#. /6%#84+6,/. %,/ "+9,

<-66+8+4+%+/6 -3 # 9-""/6<-1./19/ %,#% $-:/6 %,"-&', *+%,."#*#4>

"/3&6#4 #1. 1/'#%+-1=

71 %,/ *-"? #% %,/ G,+%/9&8/> *,+9, +6 4#"'/4( +$<"-:+6/.> (-& 9#1 6//

,-* %,+6 6/16+8+4+%( +6 #9%+:#%/. *+%,+1 6-$/%,+1' %,#% +6 1-1/%,/4/66

,+',4( "/6<-16+:/ O#1. "/6<-16+84/S= 7%I6 #46- <"/%%( /:+./1% ,/"/> %,#%

+$<"-:+6#%+-1 +6 1-% <&"/4( <"/6/1% +1:/1%+-1> 8&% 6-$/%,+1' %,#% +6#4*#(6 ."#*+1' -1 # </"6-1#4 "/</"%-+"/ -3 6-"%6> # :-9#8&4#"( -3

9,-"/-'"#<,+9 <-66+8+4+%+/6= 71 %,+6 6/16/ +$<"-:+6#%+-1 +6 #4*#(6 #

!"#$#%&"'( *+%,-&% # ."#$#%&"'/ PP_



?+1. -3 "#.+9#4 #.#<%#%+-1 -3 O#1. %-S <"/C/E+6%+1' $#%/"+#46= N&% *,#%

+1%/"/6%6 $/ $-6% #8-&% %,+6 *-"? +6 %,/ *#( +% /1#9%6 # .(1#$+9

"/:/"6#4; %,/ O9,+4.S </"3-"$/" #% %,/ 9/1%"/ -3 %,/ <+/9/ +6 # $/$8/"-3 %,/ #&.+/19/= j- %,/ #&.+/19/ +6 8-%, -&%6+./ %,/ <+/9/ #1. +16+./

+%= 5,/ #&.+/19/ +6 # 9-C9"/#%-" -3 %,/ *-"? #1. +6 +1%/'"#4 %- +%6

$/#1+1'> %,/( #"/ 1-% 6+$<4( 6</9%#%+1' H&<-1I +%= 5,/ $+9"-C$-:/C

$/1%6 -3 %,/ ?+.I6 8-.(> ,+6 3#9+#4 /E<"/66+-16> 6,+3%6 -3 $--. #1.

#%%/1%+-1 8/9-$/ <#"% -3 %,/ 9,-"/-'"#<,(; #1 &1/:/1 .&/%= 5,/"/I6

# "/6%"+9%+-1 #% %,/ ,/#"% -3 %,+6 <+/9/I6 '/1/"#%+:/ 9#<#9+%+/6; +% +6

./.+9#%/. %- #1 #&.+/19/ $/$8/" *,- *+44 1-% 6// +%= 0 84+1. 6<-% +6

<4#9/. #% %,/ 9/1%"/ -3 %,/ *-"?> "/$+1.+1' &6 -3 %,/ &16//1> -3 %,/4+$+%6 -3 -&" :+6+-1 #1. %,/"/8( "/C.+6<-6+1' -&" 6/16/6= 7 #$

9-16%#1%4( #*#"/ *,/1 7 *#%9, %,+6 <+/9/ -3 %,/ ?+.I6 &1?1-*1 +$#'C

+1+1'6> #*#"/ %-- %,#% %,/ .#19/ 7 6// +6 1-% '+:/1 %- 8/ 6//1 8( $/>

8&% %- 8/ 3/4% #1. ,/#". 8( #1-%,/"= G,#% 7 4+?/ #8-&% %,+6 #<<"-#9,

PPW 0."+#1 2/#%,3+/4.

7$<"-:+6#%+-1= N-"+6 f,#"$#%]= \,-%-; 2&'- d4/1.+11+1'



+6 %,#% +% 9,#44/1'/6 %,/ 6&<<-6/. /#6/ -3 9-$$&1+9#%+-1 #1. -3

6,#"+1' +1 <#"%+9+<#%-"( #"%*-"?6= G,#% +6 1-% 6,#"/. #46- 9-$$&1+C

9#%/6= 5,+6 *-"? 9#"/3&44( "/$+1.6 &6 -3 .+33/"/19/6 #1. '&436 +1 "/4#C%+-1> ,/"/ 6</9+3+9#44( 8/%*//1 %,/ #.&4% #1. %,/ 9,+4.> #4-1'6+./ %,/

+1:+6+84/ 8&% 9-11/9%+:/ 3-"9/6 -3 </"3-"$#19/=

5,/ %"#163-"$#%+-16 -3 %,/ 9-1%/$<-"#"( </"3-"$#19/ 69/1/ +1 %,/ 4#6%

%,+"%( %- 3-"%( (/#"6 %,"-&', %,/ #/6%,/%+9 #'/1.#6 -3 .#19/C%,/#%"/ +1 %,/

4#%/ PQaX6 #1. PQcX6> #1. %,/ 9-19/<%&#4 .#19/C</"3-"$#19/ -3 %,/ PQQX6

#1. ^XXX6> ,#:/ 4/. 3+"6% %- %,/ -</1+1' -3 # 6<#9/ -3 ."#$#%&"'+9#4 <"#9C

%+9/ *+%,+1 .#19/ #1. %- # F&/6%+-1+1' -3 %,/ 3-&1.#%+-16 #1. .+69+<4+1#"(

8-&1.#"+/6 -3 .#19/ #1. %,/#%"/= M-"/ "/9/1%4( %,+6 ,#6 4/. %- #"%+6%6I

6(6%/$#%+9 +1:/6%+'#%+-16 -3 $-:/$/1% +%6/43> +%6 1/9/66+%( +1 9,-"/-'C

"#<,(> +%6 6%#%&6 #6 #1 /4/$/1%#4 9-16%+%&/1% -3 8/+1' #1. -3 %,-&',%> +%6

3-"9/ *+%,+1 #1 #/6%,/%+9 #1. #9"-66 %,/ "/4#%+-16 %,#% 9-16%+%&%/ %,/ /:/1%

-3 </"3-"$#19/= 2-* $+',% ."#$#%&"'( 8/ 8/+1' "/9-19/+:/. +1 %,+6

9-1%/E%[ 0%%/1%+-1 %- %,/ %"#16C#9%+:/ #1. $-8+4/ 1#%&"/ -3 #'/1%6 +1

</"3-"$#19/ $#( #46- 8/ /E%/1./. %- %,/ 3+'&"/ -3 %,/ ."#$#%&"'/= 5,/

</"3-"$#19/ #"%+6% #1. 69,-4#" @4/-1-"# `#8+#- 1-%/6 +1 ,/" "/$#"?6 -1

,/" /E</"+/19/6 #6 # ."#$#%&"'/> %,#% %,/ 9-44/9%+:/ +1 *,+9, 6,/ +6*-"?+1' +6 # $-8+4/ -"'#1+6$ #1. ,/" *-"? $&6% %,/1 %#?/ &< # $&%&#4

#'+4+%(; A7 #$ +1 </"$#1/1% %"#16+%= M( 6<#9/ $-:/6> -" 6%+44> $( 6<#9/ +6

$-:/$/1%B O`#8+#-> ^XX_;_XS= 5,+6 +1:-9#%+-1 -3 ."#$#%&"'( #6 # 6<#9/ -3

$-:/$/1%> /E%/1.6 %,/1 %- # "/9-'1+%+-1 %,#% %,/ *-"? -3 ."#$#%&"'( +6 +1

3#9% .+6%"+8&%/. #9"-66 %,/ :#"+-&6 </"3-"$+1' #'/1%6 +1 %,/ "--$> #1. +6

1-% 1/9/66#"+4( #4*#(6 4-9#%/. +1 %,/ 3+'&"/ -3 %,/ -1/ *,- *+%1/66/6

*+%,-&% .-+1'= M-"/-:/"> #%%/1%+-1 %- $-:/$/1% #6 # 9-1.+%+-1 -3 8/+1'

#1. "/4#%+-1> # 9-1.+%+-1 -3 %,-&',% #1. .+69-&"6/ +1 # </"3-"$#19/ 6<#9/>

$#( /1#84/ %,/ #%%&1/$/1% -3 #/6%,/%+96 %-*#".6 %,/ %/$<-"#4 1#%&"/ -3 %,/ /:/1%> %,/ .(1#$+96 -3 9,#1'/ #1. %,/ %"#163-"$#%+-16 -3 #33/9%

%,"-&', *,+9, %,/ /:/1% 34-*6> #1. +1.//. %- %,/ *-"? +%6/43 #6 '/6%&"/=

!"#$#%&"'(> 1- 4-1'/" 8/4-1'6 %- %,/ %,/#%"/> 1-" %- .#19/C%,/#%"/> +% +6 #

<"#9%+9/ 6<#11+1' .+:/"6/ .+69+<4+1/6 #1. 9&4%&"#4 6+%/6= G,/"/:/" %,/"/ +6

# </"3-"$#19/ %#?+1' 6,#</ %,/"/ #"/ # 6/% -3 ."#$#%&"'+9#4 F&/6%+-16

8/+1' #6?/. #1. ."#$#%&"'+9#4 <"+19+<4/6 8/+1' %/6%/.= 06 %,/ 9-1%/$<-C

"#"( G/6%/"1 #"% <"#9%+9/6 -3 %,/ 4#6% %/1 (/#"6 ,#:/ &1./"'-1/ #

<"-1-&19/. 6,+3% %-*#".6 %,/ +%+1/"#1%> %,/ #. ,-9> %,/ +13-"$#4 #1. %,/

<#"%+9+<#%-"( L#4*#(6 %,/ #/6%,/%+9 '"-&1.6 -3 </"3-"$#19/L ."#$#%&"C

!"#$#%&"'( *+%,-&% # ."#$#%&"'/ PPR



'+9#4 <"#9%+9/ ,#6 8/9-$/ # .+6</"6/. 3+/4. -3 #9%+:+%+/6 *,-6/ "/4#%+-1 %-

%,/#%"+9#4 6%"&9%&"/6 -3 "/<"/6/1%#%+-1 +6 /:/" $-"/ +1,/"/1% #1. (/% /:/"

$-"/ ',-6%4(= 5,/ 9-19-$+%#1% "+6/ -3 /E</"+/1%+#4 9&4%&"#4 /9-1-$+/6> +1*,+9, +1.+:+.&#46 #9F&+"/> H#$#66I #1. %"#./ +1 /E</"+/19/6 "#%,/" %,#1

$#%/"+#4 -8K/9%6> ,#6 9"/#%/. # 9&4%&"#4 69/1/ *,/"/ #%%/1%+-1 %- %,/ 6%"&9C

%&"/6 #1. <,/1-$/1# -3 # '+:/1 /:/1%> +%6 F&#4+%+/6 -3 6/43C/E<#16+-1 #1.

6/43C%"#163-"$#%+-1 ,#:/ 8/9-$/ :+%#4 %- %,/ "/9/<%+-1 #1. /9-1-$+9 #1.

9&4%&"#4 6%#%&6 -3 %,#% /:/1%= D-*> %,/ 9-16&$/" #6<+"/6 %- 8/ %,/

."#$#%&"'/ -3 ,/" -*1 4+3/= M-"/-:/"> %,/ -</1+1' -3 #"% %- %,/ 6-9+#4 #1.

%,/ "/4#%+-1#4> +%6 <"-84/$#%+9 ./$-9"#%+6#%+-1> %,"-*6 .-*1 9,#44/1'/6 %-

."#$#%&"'( 3#" 8/(-1. %,-6/ F&/6%+-16 <-6/. 8( %,/ %"#:/"6+1' -3 .+69+C

<4+1/6 -" 3-"$6= 71 %,+6 9-1%/E%> -1/ 9#1 1- 4-1'/" 6#( L+3 -1/ /:/" 9-&4.L

%,#% ."#$#%&"'( 8/4-1'6 %- %,/ ."#$#%&"'/ #4-1/= l#%,/"> ."#$#%&"'(

F&/6%+-16 *,/"/ +% "/6+./6 #1. "/6%6; +% +6 # "/1/'-%+#%+-1 -3 %,/ 6-9+#4

9-1%"#9% -3 %,/ /:/1%= !"#$#%&"'(> %,/1> *+%,-&% # ."#$#%&"'/> 8/9-$/6

%,/ $-:/$/1% -3 "/4#%+-16 %,"-&', # 9-16%/44#%+-1 -3 F&/6%+-16>

#<<"-#9,/6> #1. "/6<-16/6 %- %,/ $#%%/" #% ,#1.=

N+84+-'"#<,(; j// <#'/===

PPY 0."+#1 2/#%,3+/4.



!"#$" "& '() *+++ ," -.'/'0'$) "& 1)21"3-) $"'4#"215' 3)25"2$) "2 ."&'1562 "& &"274'0" "#1.58-) 1)2 &' "#1"2'9 :2 ;)<5;5"2-) '4#"2-"9 :214".3) '4#"2-"9 =4#"215' >4" ."#3)2$" ';41,)# '()# $" #)/.""?3&)-'1562 " 5$"'&5@'81562 $"& 14".3) >4" &' $'2@' -)$'<A' 3.)3)2A'"2 &)# '()# 2)<"2-'9

B.") >4" ;"$5'2-" "#' '4#"215' &)# "#3"1-'8$)."# 34"$"2 5;'752'. 42 14".3) ;C# 1".1'2)' #4# "?3".5"215'# ."'&"#D 1".1'2A' >4" 3'.' ;A"# "#"215'& "2 14'&>45". "?3."#562 '.-A#-51' "2<5<)E -)$' "?3."#562 "#1F251' 5;3&51' 421);3.);5#)D 42' .'$51'&5$'$ G 42' 3'#5629

!"# #%&'"()# *' +#,'-)# . /#(#",' '"

%"# '&,-%(,%-# (-)&,#0)"#1 '& *'()-1 '"%"# 2.&)()3" *' %"# '&,-%(,%-# .-*'4 "#*#1 ,)'"' 2-.2)'*#*'& (.+%"'& # 0# 2-'&'"()# *' +#,'-)# '" '&' 2%",.5 6.- '00.1 %" '0'(,-3" 7%' &' +%'/' 8#()# 0# *'-'(8# '" 0#& *)9'-'",'& 2.&)()."'& *'0# '&,-%(,%-# *'0 +#,'-)#0 &' 2%'*',-#,#- (.+. %"# 2#-,:(%0# *' );%#0

(#-;# 2'-. *' &);". (.",-#-). #0 '0'(,-3" 7%' &' +%'/' 8#()# 0# )<7%)'-*#1 (." 2-.2)'*#*'& 2-.2)#&5

!" H'999 ' H'I4'2 !);A274"@*

*9 J#-" -"?-) "# 42'<".#562 ."$415$' $" &'<".#562 3".K).;'-5<'3."#"2-'$' "2 "& LM";582'.5) N2-".2'15)2'& $"O4"<'# !.';'-4.75'#PQB"2-.) RC..'7'S9 J21'.'1-"."# 2).;'&"# #"."75#-.'2 &'# 52-".<"2815)2"# $" I4'2 !);A2874"@T "2 14.#5<'D &'# $"U#1'. V".2C2$"@9



6'-. '&,# 2#-,:(%0# 2.&),)/# ". '& +=& 7%' '0 8%'(. *'>#*. 2.- '0 '0'(,-3"5

6.- '00. 2.*'+.& #9)-+#- 7%' %"# #%&'"()#1 -'&2'(,. # "%'&,-# 2'-('24 ()3"1 '& '" 0# -'#0)*#* . 03;)(# (%=",)(# %"# 2-'&'"()# ;'"'-#*.-# *' +./)4 +)'",. ?@"*%-=)"1 ABBCD W5

R). )-.) &'$)D "2 ."#34"#-' ' &' 2"1"#5$'$ $""2.5>4"1". "& '1-) 1);4251'-5<) 5;3&A15-) "2 &'"#1"2'D ;" ," '1".1'$) ' &)# "#3"1-'$)."#3"2#'2$) "2 "&&)# 1);) 42' 1);425$'$ $"52$5<5$4)# Q"2 3)&A-51' ;41,'# <"1"# #" ,'/&'$" 42 3'A# 1);) #5 K4"#" 42 "2-" 1)2#-5-45$)3). 42' ;'#' 425K).;" $" 52$5<5$4)#S9X"$5'2-" &' '1-5<'1562 $" #4 5;'752'1562D>45".) '1-5<'. #4 52$5<5$4'&5$'$9

6#-# "%'&,-# 2'-('2()3"1 0# +#,'-)# E

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

(."&'(%'"()# *'0 (.+2.-,#+)'",. (.0'(,)/. *' 0.& =,.+.&5 K& *)9:()0 . )+2.&)H0' 2-'*'()- 7%L /# # 8#('- %"

**Y I4'2 !);A274"@

W9 J2 "& 3.)1"#) $" 1."'81562 $" !"#$ 3'.-51583'.)2 Z5&&"# Z"-2".DX'.A' I"."@D =.'2-?'X'.-A2"@D O'5'.'X"2$5).)@D H45# X574"&[F&5? G J;5&5) \);FD$4.'2-" $5"@ #";'2'#$"& '() W]]+9 =$";C#D1)2-F 1)2 "& '3)G) $"&KA#51) U#1'. V".2C2$"@D>4" $4.'2-" $)##";'2'# 1);3'.-56 1)22)#)-.)# #4# 1)2)158;5"2-)# #)/." 14C2-51'DG '& >4" 3"$A >4" ;"52-".K5.5".' "2 "#-'1)2K"."215' 3'.'-';/5F2 'K"1-'. &'1.)2)&)7A' $"& 3.)G"1-)DG' >4" 3'.' ;A "2 "#-)#;);"2-)#D &527Â#-51' G14C2-51' 52-".1';/5'2#4# .)&"# 1);) K574.' GK)2$)9



=,.+. . %"# 2#-,:(%0# )"*)/)*%#01 2'-. &: 2.*'+.& 2-'*'()- 7%L /# # 8#('- %" ;-%2. *' =,.+.&5 M.& &'-'& 8%+#".& ,#+H)L" ".&

(.+2.-,#+.& *' 9.-+# 2-'*'()H0' '" )",'--'0#()3" (." 0.& *'+=& (%#"*. #+20)#+.& 0# .H&'-/#()3" # %" (.">%",. *' 2'-&."#&5KI)&,'" +.*'0.& 9:&)(.& +%E 2-'()&.&1 %&#*.& 2.- '>'+20. 2#-# '0 %-H#")&+. . 0# '(.".+:#1 H#&#*.& '" 0.& (.+2.-,#+)'",.& +)(-.&(32)(.& *' 0.& =,.+.& 7%' 2-'*)('" "%'&,-. (.+2.-,#+)'",. (.+. ;-%2.1 *."*' '0 (."('2,. *' )"*)/)*%#0)*#* &' 2)'-*'5 NO.+.& 0)H-'& *' (-'#- "%'&,-# 2-.2)# &.()'*#* . &.+.& 2-)&)."'-.& *' 0#& 0'E'& *' 0# 9:&)(#P Q=/"&&' X'.-52D X'.-A2"@8!4'.-D *++_S9

X5 -.'/'0) ,' "#-'$) #5";3." $5."1-';"2-" ."&'15)2'$) 1)2 &)# -";'# G1)21"3-)#E "#3'15)D -5";3)D 14".3) " 5$"2-5$'$9

X5 14".3) #" ,' 1)2<".-5$) `&-5;';"2-"D $" 42' ;'2".' ."&"<'2-"D "2 42;'3' $" ;5 5$"2-5$'$D 1);) &' 425$'$ $" &' ;"2-" G "& 14".3)D G 1);)3.52153'& ;"$5) $" '1-5<5#;)9 V" 1)2#-.45$) ;5 5$"2-5$'$ "2 1)2-.' $" &'"$41'1562 G 14&-4.' $" &' -.'2#51562 "#3'()&'9 X" '3'.-F $" &' 3)&F;51'"2-." &' $5#153&52' G &' &5/".-'$ $"#'..)&&'2$) 42 #'&<'05#;) "?-.";)D 42

4#) $"#-.41-5<) $" ;5 14".3) "2 ."&'1562 1)2 &' #)15"$'$9

B4'2$) ";3"1F ' /'5&'. "& 14".3) -);6 42 &47'. $5K"."2-"D $5.575$)D `-5&D"K51'@D '& #".<515) $" &' 3."#"2-'1562 $" K).;'# >4" #".<A'2 ' &)# 5$"'&"# $"&'4-).9 XC# -'.$" ";3"1F ' 1."'. ;5 3.)35) -.'/'0)D '&"0C2$);" $" &' ."#3)28#'/5&5$'$ 52-".3."-'-5<' >4" ,'/A' -"25$) ,'#-' "2-)21"# G 3"2#'2$) "2 4214".3) >4" 34$5".' ,'/&'. $" 42' 3)/&'1562 ;'G).D 42 14".3) >4" 34$5".'#". "2-"2$5$) "2 1)&'/).'1562 "2-." '4-)."#D 52-F.3."-"# G "#3"1-'$)."#9

X5 52-".F# "2 &' &527Â#-51' 3.)1"$A' $" &' 14.5)#5$'$ >4" -"2A' "2 &' 3'.-"521)2#15"2-" >4" "#-C '1-5<' "2 &' 1);4251'15629 V'#-' 15".-) 342-)D #);)#1)2#15"2-"# $" &' 521)2#15"215' $"& '1-) 1);4251'-5<)D 3".) a2)# "# `-5&D "2"& 1'#) $" >4".". 7'2'. &5/".-'$ 3'.' ;'2"0'. 24"#-.' ."'&5$'$D '3."2$".16;) &' 3".15/5;)#D 1);3."2$";)# G 1);4251';)# ' -.'<F# $" &"274'0"b

K0 0'";%#>'1 (.+. &)&,'+# 03;)(.1 '& )"(.+20',. E 00'/# # 2#-#*.>#& *'",-. *' &% 2-.2)# 03;)(#1 ,#0 E (.+. *'+.&,-3 '0 +#,'+=,)(.

QR*'0 '" &% ,'.-'+# *' )"(.+20',),%*1 )"*)(#"*. 7%' ,.*. &)&,'+# 03;)(. '& "'('&#-)#+'",' )"(.+20',.1 ". 8#E 2.&)H)0)*#* *'(.+20',),%*5 QR*'0 *'+.&,-3 7%' '" ,.*. &)&,'+# 03;)(. &)'+2-' &'

!" H'999 ' H'999 **+



2%'*' 00';#- # %"# (."(0%&)3" 7%' &'# ()'-,# E /'-*#*'-# # 0# /'<1,#",. '" +#,'+=,)(#& (.+. '" '0 0'";%#>'5 K" '0 0'";%#>' 00';#+.&

# 2#-#*.>#& *' '&,' ,)2.5 S0;%".& '>'+20.& &." 0# 2#-#*.># *'0 +'",)-.&. . 0# 2#-#*.># *'0 H#-H'-.5

*9c K'#" dX'$.5$D R"eA2D X)2-"<5$")D fA) $" I'2"5.)DO4"<' g).eD h5"2'D R'.A#D i3).-) G j".&A2 W]]kl]Ym

B);5#5)2'$) 3). "& N2#-5-4-) B".<'2-"# $" &'# $5K"."2-"# 154$'$"#D 52<5-'$)

3). $5#-52-)# K"#-5<'&"# " 52#-5-415)2"# "2 1'$' 154$'$ G 745'$) 3). 42&527^5#-' &)1'&D $"#$" 42 52-".F# ;C# #";C2-51) G 1)725-5<)D ."1)..5;)# -)$)#&)# "2K)>4"# $" &' &527Â#-51' QK)2F-51'D ;).K)&)7A'D #52-C1-51'D #";C2-51'D3.'7;C-51'D 3#51)&527Â#-51'SD /4#1';)# 42 "2-"2$5;5"2-) 1);`2 $" &';'-".5' "2-." &)# $5#-52-)# 5$5);'# Q"#3'()&D 1,52)D 3).-474F#D N27&F#D'&";C2D C.'/" 1&C#51)SD '#A 1);) &'# "#3"15K515$'$"# G 3"14&5'.5$'$"# $" 1'$'5$5);'D G "#-4$5';)# &)# '#3"1-)# 14&-4.'&"# >4" "2;'.1'2 "& 5$5);' )>4"$'2 "2;'.1'$)# 3). "& 5$5);'9 J#-)# ;'-".5'&"# #" 1)2<5.-5".)2 "2 ,"..'8;5"2-'# 3'.' 42' 3.C1-51' $" -'&&". 1)2 3'.-5153'2-"# &)1'&"#9

H'# ,"..';5"2-'# K).;'/'2 3'.-" $" 42' ;"-)$)&)7A' "2 &' >4" &'# "#-.418-4.'# 1)21"3-4'&"# $"& &"274'0" 3)$A'2 #". ;'2534&'$'# 3). ;"$5) $" &'5;'752'1562 " 52K&4"215'. "2 &' 1);3."2#562 $" 24"#-.' 3".1"315629J& #". ,4;'2) 4#' 1)2#-'2-";"2-" "& "#3'15)D "& -5";3) G #4 14".3) "2 &'<5$' 1)-5$5'2'E -)$)# #);)# 1)."67.'K)# 521)2#15"2-";"2-"9

X" 52-"."#'/' '$>45.5. 1)2#15"215' #)/." &) >4" ,'1";)# 521)2#15"2-"8;"2-" $" ;'2".' -'2 #)K5#-51'$' G 3."15#'D 1);) 3). "0";3&)D 14'2$)

,'/&';)# G 2)# ;)<";)# "2 24"#-.' <5$' $5'.5'9 \.'/'0'2$) 1)2 &' 1)2#815"215' 3'.' '/.5. G ';3&5'. &' '4-)2);A'D 3".) -';/5F2 1);) ,"..';5"2-'$" -.'2#K).;'15629 H' 1)2#15"215' #" 1)2<5".-" "2 42' ,"..';5"2-' 3'.''K"1-'. G 2) #6&) 3'.' #". 'K"1-'$)9

aR4"$" &' 1)2#15"215' $" &' #"2#'1562 $'.2)# 3)#5/5&5$'$"# $" 1);3."28#562 G $" "&"11562b aV'G "#3'15) "2-." #"2#'1562 G 3".1"31562b aV'G"#3'15) "2-." &' 3".1"31562 G &' ."3."#"2-'1562b M5 "?5#-"D a16;) 3)$";)#."1)2)1".&) G ';3&5'.&)b

T'&*' %"# 03;)(# (%=",)(#1 0# -'#0)*#* &' (.+2.-,# *' +#"'-# *)9'-'",' (%#"*. ". '&,= &)'"*. .H&'-/#*# . &) 8#E %" .H&'-/#*.-

*W] I4'2 !);A274"@



'" '0 2-.('&.5 O';U" '&,# 03;)(# (%=",)(#1 %"# 2#-,:(%0# 2%'*''&,#- '" /#-)#& 2.&)()."'& . 2#&#- 2.- /#-).& &),).& # 0# /'<5 S0 &'-

.H&'-/#*#1 0# -'#0)*#* &' +%'&,-# '" %"# *' &%& 9#(',#&1 ". '"/#-)#& # 0# /'<5 V 8# 2#&#*. 2.- %" &),). . 2.- '0 .,-. &) 0. .H&'-4 /#+.&1 2'-. &) ". 0. 8#('+.&1 2#&# 2.- 0.& *.&5 K&,. ".& 00'/# # %""%'/. 2#-#*);+#W '0 .H&'-/#*.- '& (-'#*.- *' -'#0)*#*5 M. (%#0 )"*)(# 7%' 0# (."&()'"()# E '0 +%"*. -'#0 ". '&,=" &'2#-#*.& '",-'&: (.+. 2%'*' )"*)(#- # 2-).-) "%'&,-# 03;)(# . 9.-+# *' 2'"&#-5

J2 &)# $5K"."2-"# -'&&"."#D 2)# $5;)# 14"2-' $" >4" ."'&;"2-" 2) "?3".58;"2-C/';)# 16;) "& &"274'0" G "& 14".3) K4215)2'/'2 "2 1)2042-)9 =#A

>4" ';3&5';)# "& -5";3) $" "?3".5;"2-'1562 G '&-".'1562 $" &)# ;"$5)# $""?3."#562 G $" ;)<5;5"2-)D 3). &) 7"2".'& ).5"2-'$)# ' 42 ."#4&-'$)1)21."-)9 J#-' "?3'2#562 #" ."K&"06 -';/5F2 "2 &' "#-.41-4.' $"& 3.)G"1-)1);) 42' K).;' $" 52<"#-57'15629 =& ;'2-"2". "& -.'/'0) '/5".-) ;C#-5";3) $" &) 2).;'& "2 &' K'#" $" 7"2".'1562 $" ,"..';5"2-'#D G 1';/5'.24"#-.'# 3".1"315)2"#D 2)# >4"$';)# K4".' $"& ;'.1) ,'/5-4'& $" &'3.)$411562 G "& 1)2#4;)D &&"7'2$) ' )-.) 25<"& $" 52-".1';/5) 1."'-5<)9

!"#$" "& "#-4$5) 1);3'.'-5<) $" &)# $5K"."2-"# "2K)>4"# &527Â#-51)#D

'3."2$5;)# '1".1' $" 15".-)# ;"1'25#;)# >4" #)2 3".-52"2-"# ' &' "0"1481562 G &'# K).;'# "2 >4" 3)$";)# $5.575. 24"#-.' 3".1"31562D ' -.'<F# $"42' 1);3."2#562 $" 16;) K4215)2';)# KA#51';"2-" "2 G ' -.'<F# $"&&"274'0"9 R.)$415"2$) 24"<'# K).;'# $" 1)2#5$".'. &' ."&'1562 "2-." &)#<"./)# G &'# '115)2"#D 2)# "21)2-.';)# "2 1)2$515)2"# $" 52K&45. "224"#-.' 3".1"31562 $"& -5";3)D $"& "#3'15)D ) &' 5$"2-5$'$9

V" '>4A '&742'# 2)-'# $"& 3".A)$) $" 52<"#-57'1562E

'S J2 &)# "#-4$5)# O"4.)&527Â#-51)# #" ,' $"#14/5".-) >4" #6&) 3). "&,"1,) $" ,'/&'. $" ;)<5;5"2-) #" '1-5<' 42' 3'.-" $"& 1"."/.)9 :-5&5@';)#D"2 &' 52<"#-57'1562D &' ,"..';5"2-' $" ,'/&'. #)/." &) >4" LA/';)# ' ,'1".P'42>4" 2) '1'/C.';)# ,'15F2$)&)D 3.)$415"2$) )-.) -53) $" '11562 >4" &'"24215'$' <"./'&;"2-" G 1."'2$) $5K"."2-"# -";3).'&5$'$"# "2-." &''11562 "?3."#'$' G #4 "0"1415629

/S J2 14'2-) ' &)# "#-4$5)# R#51)&527Â#-51)#D 2)# 1"2-.';)# "2 &)#3.)1"#)# ;"2-'&"# G "2-5$'$"# 5;3&51'$'# "2 &' 3.)$411562 G 1);3."2#562

$" &)# "24215'$)# &527Â#-51)#D 52$415"2$) '& "..). "2 &)# -";'# $" &)#"?3".5;"2-)#9 J& 3#51)&"274'0" ."<"&' >4" &'# 3'.-"# $" 24"#-.' 3".1"31562) &' 5;'752'1562 "#-C2 $);52'$'# 3). "& 5$5);'9 :2 "0";3&) $" "#-) #"

!" H'999 ' H'999 *W*



;4"#-.' "2 3#51)&527Â#-51' 1';/5'2$) "& 2);/." $" 42 1)&). 3). )-.)1)&). Q"#1.5/5. &' 3'&'/.' '@4& "2 1)&). .)0)D ) "#1.5/5. &' 3'&'/.' ';'.5&&)

"2 <".$"D "-19S9 !"#'..)&&';)# 42 "0".1515) "2 "& >4" 42 3'.-5153'2-" -"2A'42' 3".#)2' #4#4..C2$)&" 42 <"./) "2 1'$' )A$)9 J& 3'.-5153'2-" -"2A' >4""0"14-'. "& <"./) >4" #" &" $"1A' "2 42 )A$) G $"15. "& <"./) >4" #" &" $"1A'"2 "& )-.)9 J& ."#4&-'$) 2).;'&;"2-" ".' 42 ."-.'#) "2 &' 1'3'15$'$ $";)<".#" ) ,'/&'. 14'2$) &' 52K).;'1562 #" 1.4@'/'9 H)# 1);'2$)#3.)$41A'2 42 1)2K&51-) "2-." 14".3) G ;"2-"9 B4'2$) #" ."'&5@'/'#5;4&-C2"';"2-" &' '1-5<5$'$ <5214&'$' '& 3.)1"#';5"2-) $"& &"274'0" Q&'."3"-51562 $" 42 <"./)SD G ' &' '1-5<5$'$ $"3"2$5"2-" $" &)# 1);'2$)#;)-)."# Q&' 52-".3."-'1562 $" 42 <"./) "2 ;)<5;5"2-)S #" 52K&4"215'/'2

;4-4';"2-" G #" 3.)$41A'D &) >4" 2)#)-.)# &&';';)#D 1).-)15.145-)9

1S J& "#-4$5) $" &' #";C2-51' $"#1.5/" 16;)D "2 -)$)# &)# 5$5);'#D &)#<"./)# $" ;)<5;5"2-) K4#5)2'2 $5K"."2-"# 1);/52'15)2"# $" &)# 1);3)82"2-"# #";C2-51)# $"& ;)<5;5"2-) $"2-.) $" #4 K).;' &F?51' QK574.'DK)2$)D $"#3&'@';5"2-)D -.'G"1-).5'D ;'2".'SE

M'&-'. n ;)<5;5"2-) o ;'2".'B'". n ;)<5;5"2-) o -.'G"1-).5'h)&'. n ;)<5;5"2-) o K574.' o ;'2".'=-"..5@'. n ;)<5;5"2-) o K574.' o ;'2".' o K)2$)!"#1).1,'. n ;)<5;5"2-) o ;'2".' o -.'G"1-).5' o K574.' o K)2$)

$S J& "#-4$5) $" &' ;).K)&)7A' 2)# ;4"#-.' >4" &'# &"274'# 52$)"4.)3"'#Q1)2 "?1"31562 $" &'# .);C251'#SD $"2);52'$'# #'-F&5-"# Q>4" 14"2-'2 1)23'.-A14&'# G 3."3)#515)2"#SD #" 1"2-.'2 ;C# "2 #4/8#"115)2"# $" -.'G"1-).5'D-5"2"2 ;"2)# <"./)# >4" 5;3&51'2 -.'G"1-).5'D G #52 ";/'.7)D -5"2"2 7.'2$"#

<)1'/4&'.5)# 3'.' 52$51'. &' ;'2".' $" ;)<".#"D ) <"./)# >4" 5;3&51'2 &';'2".' "2 >4" "& <"./) #" ."'&5@'9 H' 5;3&51'1562 '>4A 3)$.A' #". >4" &) >4"5;3)2" 42' $"-".;52'$' &"274'D ."K&"0' &' 3".1"31562 $" &' #"2#5/5&5$'$9 H)##'-F&5-"# G &'# 3."3)#515)2"# "2 '&742)# 5$5);'# 1);) "& 527&F# ) 1,52)$"#";3"('2 $5K"."2-" 3'3"& >4" "2 &"274'# .);C251'#9 J2 &'# &"274'# .);C8251'#D &' 52K).;'1562 $" &)# #'-F&5-"# G &'# 3."3)#515)2"# "#-C 5;3&A15-' "2 "&<"./) ;5#;) Q1);) "2 "& "0";3&) '2-".5).E $"#1).1,'.S9 V'G "#-4$5)# >4"$";4"#-.'2 >4" &)# ,'/&'2-"# $" &"274'# .);C251'# #)2 ;C# &5;5-'$)#14'2$) $"#1.5/"2 42' '11562D &) >4" 2) #5725K51' >4" "2-5"2$'2 ;"2)# ) >4"

2) #"'2 1'3'1"# $" "?3."#'.D #52) >4" 4-5&5@'2 ;C# ) ;"2)# 3'&'/.'# 3'.'&)7.'. "& ;5#;) #5725K51'$)9 !" "#-' K).;'D 3)$";)# 3"2#'. >4" "#-';)#3".1"3-4'&;"2-" "2;'.1'$)# 3). 24"#-.' &"274' ;'-".2'9

*WW I4'2 !);A274"@



"S !"#'..)&&'2$) 42' 1)215"215'1562 $" 16;) &' -.'G"1-).5'D &' ;'2".'D &'

K574.' G "& K)2$) "#-C2 5;3&A15-)# "2 &)# <"./)# >4" 4#';)# 3'.' ,'/&'. $"&

;)<5;5"2-)D "21)2-.';)# )3).-425$'$"# 3'.' '&-".'. &' ;'2".' ,'/5-4'& "2 &'>4" 2)# ;)<";)#D '#A 1);) &'# ;'2".'# "2 &'# >4" 3".15/5;)# "& ;)<5;5"2-)9

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eA2D &' &"2-5-4$ G $"#") "2 fA) $" I'2"5.)D &' $5#-'215' >4" -);'/'2&)# 3'.-5153'2-"# "2 h5"2' G #4 ,C/5-) $" 3"2#'. $)# <"1"# '2-"# $" ,'1".2'$'D 04#-) &) )34"#-) ' &)# 3'.-5153'2-"# $" X'$.5$D >4" 3.5;".)3.)/'/'2 G &4"7) 3"2#'/'29 !"2-.) $" &'# 3.)K"#5)2"#D ," )/#".<'$) &'

"#3"15K515$'$ "2 &' $"#1.531562 $" &'# '115)2"# $" &)# $5."1-)."# $" 152"D "&4#) K."14"2-" $" &' ;"-CK).' 3). 3'.-" $" &)# 1)."67.'K)#D ) "& ";3&") $"$5K"."2-"# "#-5&)# 3). 3'.-" $" &)# "#1.5-)."#9

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

,S J?3".5;"2-'2$) 16;) "& &"274'0" 3.)3)2" "& -5";3) ' -.'<F# $"&

-5";3) <"./'&D 1)&)1'2$) &)# '1)2-"15;5"2-)# "2 42' &A2"' -";3).'&D1';/5C/';)# "& -5";3) $" &)# <"./)# "2 ."&'1562 1)2 &'# '115)2"# ."'&58@'$'#9 M5 '1'/) $" #'&-'. G $57)E Lh)G ' #'&-'.PD &' -";3).'&5$'$ 1."' 42

!" H'999 ' H'999 *Wp



24"<) ;);"2-) >4" 2) -5"2" &47'. 25 "2 "& 3'#'$) 25 "& K4-4.)D #52) "2 42'1)83."#"215' $" &)# $)#9 M5 '1'/) $" #'&-'. G $57)E LM5 ,4/5".' 1)..5$)qPD

#" '/." 42 "#3'15) 3'.' &) 3)#5/&" G &' 3.)/'/5&5$'$9

X"$5'2-" &' ;'2534&'1562 $"& '#3"1-) <"./'& Q&' 1'&5$'$ $" &' '11562E 5-".'8-5<'D 342-4'&D "-19S K45;)# 1'3'1"# $" ;'2534&'. &' K).;' "2 &' >4" 42"<"2-) #" 1)2#5$".' ;C# '&&C $" #4 1)&)1'1562 "2 42' &A2"' -";3).'&9 J&'#3"1-) K4215)2' $5K"."2-" $"3"2$5"2$) $"& 5$5);'E 3). "0";3&)D "&'&";C2 2) -5"2" '#3"1-)D ;5"2-.'# >4" "& C.'/" 1)215/" &)# "<"2-)# 3.521583'&;"2-" ' -.'<F# $"& '#3"1-)D K)1'&5@C2$)#" "2 "& ,"1,) $" #5 &' '11562"#-C -".;52'$' ) 2)9

J& 1)21"3-) $" -"&515$'$ 52-.)$41" &' 3)#5/5&5$'$ $" >4" "& #5725K51'$) 52,"8."2-" $" 42 <"./) 5;3&5>4" "& K52 $" &' '11562 ) 2)9 M" 34"$"2 7"2".'.#"2#'15)2"# 4-5&5@'2$) "& 7".42$5) $"& <"./) L1'".PD >4" 5;3&51' 42 K52'&"2 &' '11562T L1'G"2$)PD "2 #AD 2) 52$51' "& K52 $" &' '115629 !" "#-" ;)$)D3)$";)# 047'. 1)2 &'# "?3"1-'-5<'#9

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

04"7'2 ;41,) $" "#-' ;'2".'D $"#1)2-"?-4'&5@'2$) #4# '115)2"# $" &'."'&5$'$ 52;"$5'-' " 5;'752'2$) "#3)2-C2"';"2-" 1)2-"?-)# 52<"2-'$)#

3'.' #4# '115)2"#9

O)# 1"2-.';)# "2 &' 5;3).-'215' $" &)# 7"#-)# G "&";"2-)# 2) <"./'&"# "2 &'

1);4251'15629 B4'2$) -.'-C/';)# $" ,'/&'. #52 4#'. &)# 7"#-)#D )-.'# 3'.-"#

$"& 14".3)D 1);) &)# 35"# ) &' 1'.'D '3'."1A'2 #4#-5-4G"2$) &'# "?3."#5)2"# $"

&'# ;'2)#9 B4'2$) "& ,'/&'2-" 1"..'/' #4# )0)#D &'# ;'2)# #" 4-5&5@'/'2

;"2)#9 i/#".<';)# &'# ."&'15)2"# "?'1-'# "2 &'# >4" &' 3".1"31562 <5#4'& G &'

3".1"31562 '4$5-5<' #)2 3'.-" $" &' 1);4251'1562 <"./'&9

J2 42 25<"& 3.'7;C-51)D "#-4$5';)# &)# 342-)# $" ."K"."215' $"& ).'$). G$"& )G"2-"9 \.'/'0';)# 1)2 $5K"."2-"# 25<"&"# $" $"#1.531562 #5;4&-C2"' '&;)<5;5"2-)E "2 3.5;". &47'.D ;"$5'2-" &' $"#1.531562 $" &) >4" "#-C/';)#

*Wr I4'2 !);A274"@



,'15"2$)T &4"7)D $"#1.5/5"2$) &) >4" )-.' 3".#)2' "#-'/' ,'15"2$) ;5"28-.'# #"74A';)# ,'15"2$) 24"#-.' '11562T G ' 1)2-524'1562D ,'/&'2$) "2

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

#5$".'1562 $" &' 5$"2-5$'$ ' -.'<F# $" 16;) 2)# 5$"2-5K51';)# 1)2 "& 342-)$" <5#-' >4" "& )-.) -5"2" #)/." 2)#)-.)#9

K0 2-.('&. *' .H&'-/#()3" '" (%=",)(# ".& )"*)(# 7%' '0 #(,. *' 0# 2'-('2()3" (."/)'-,' #0;. 2-.H#H)0:&,)(. ?#0;. 7%' 2%'*' &%('*'- *' /#-)#& +#"'-#&D '" #0;. -'#0 &30. (%#"*. 0. .H&'-/#+.&5 S",'& *' 0# .H&'-/#()3" ". 8#E -'#0)*#* *'9)")*#1 '&,= &%('*)'"*. '",.*#& 0#& 2.&)H)0)*#*'& # 0# /'<5 K&,. ".& 00'/# # %"# -'#0)*#* )"*'4 9)")*# -'&2'(,. # "%'&,-. &)&,'+# 03;)(. 9-#;+'",#*.-5 K" 0# 03;)(#

(%=",)(# '&,. '& %" 8'(8. (.,)*)#".1 ". 2.*'+.& &'2#-#- '0 2%",. *' /)&,# *'0 .H&'-/#*.- *' 0# "#,%-#0'<# '" &: +)&+#5 K0 .H&'-4 /#*.- E '0 .H&'-/#*. &." #&2'(,.& '+'-;'",'& ' )",'--'0#()."#*.& *' %"# -'#0)*#* ,.,#0 )"*)/)&)H0'5

X"$5'2-" "& "#-4$5) $" -)$'# &'# $5;"2#5)2"# >4" 34"$"2 #". ';3&5'$'# G).7'25@'$'# 3). "& &"274'0" G &' 3)#5/5&5$'$ $" 1';/5)# "2 "& 342-) $"<5#-' ) ;'2".' $" ;5.'.D )/#".<F 42' K4".-" ."&'1562 "2-." &' ."'&5$'$ G &'

K511562D >4" G' ,'/A' "#-'$) 3."#"2-" "2 ;5 -.'/'0) '2-"# $"& 3.)G"1-) *'0#555 # 0#5559 R). "0";3&)D "2 "& #)&) $"& W]]k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

&"274'0" K4215)2' 1);) 42 1'2'& $" "#3'15) G -5";3)D $'2$) &' #"2#'1562$" >4" "& "#3'15) G "& -5";3) 3."#"2-"# #)2 G' 3'#'$)#9

!" H'999 ' H'999 *Ws



J2 &)# 24"<)# 1)21"3-)# KA#51)# #" -.'/'0' 1)2 42 "#3'15) $" 14'-.)$5;"2#5)2"#D $)2$" &' 14'.-' 1)).$"2'$' "# "& -5";3) G F#-' #" &&"7'

' 1);3).-'. 1);) 42' 1)).$"2'$' "#3'15'& ;C#9 M"7`2 "& #5#-";' $"."K"."215'D &' 1)).$"2'$' -";3).'& 34"$" '<'2@'. ;C# .C35$) )3.)&)27'.#" "#-" '<'21"D #5"2$) "& -5";3) ."&'-5<) ) $"3"2$5"2-" ' &'#1)2$515)2"# $"& )/#".<'$).9 !" &'# "14'15)2"# $" &' -").A' $" &' ."&'8-5<5$'$ 7"2".'& $" J52#-"52 #" 34"$"2 #'1'. #)&415)2"# "2 &'# >4" "&-5";3) 3".;'2"1" 1)2#-'2-"D 52<'.5'2-"D G &' ;'-".5' 34"$" $"#3&'8@'.#" "#3'15'&;"2-"9 Qg)4.7.'4D W]]sS9

R'.' ;A "#-C 1&'.) >4" "& 5$5);' ;'.1' 24"#-.' 1);3."2#562D '42>4" "&

3.)1"#) 52<".#) -';/5F2 #"' 3)#5/&"9 R".) "& 5$5);' #5";3." 1."' 42"2-).2) >4" &" )-).7' 42 7.'2 3)$".9 J& 5$5);' "# '&7) -'2 1);3&"0) G /5"2"#-.41-4.'$) "2 #4 3.'7;C-51' >4" "2 &' <5$' 1)-5$5'2' 2) 3"2#';)# "2 &)>4" 3)$.A' 3.)$415. )-.) 4#) $" F&9 at4F 3'#'.A' #5 #" 4-5&5@'.' "& 5$5);'$" )-.' ;'2".'b aR)$.A' 1';/5'. 24"#-.' 3".1"31562 $" &' ."'&5$'$D24"#-.' ."&'1562 1)2 "& "#3'15)8-5";3) G 24"#-.) ;)$) $" ."&'15)2'.2)#&)# 42)# 1)2 &)# )-.)#b

J& &"274'0" "# 1)2#5$".'/&";"2-" "#-'/&"D '42>4" "<)&415)2' Q24"<'# 3'&'8 /.'# #" #4;'2 '& $5115)2'.5) 3".56$51';"2-"SD a3".) 1)2 >4F K52b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

<"2-'2 #4 5$5);'D 1)2 &)# 3)"-'# -';/5F2 )14.."999S9

K&,%*)#"*. '0 .-);'" *' 0#& 2#0#H-#& 2.*'+.& )- -'/'0#"*. (3+. '",'"*:#" 0# -'#0)*#* 0#& *)9'-'",'& (%0,%-#& E &.()'*#*'& .-);)"#4 -)#&5 S"#0)<#"*. 0.& .-:;'"'& *' "%'&,-. 0'";%#>' &' 2%'*' #9)-+#- 7%' '&,#+.& -'#0)<#"*. %"# #-7%'.0.;:# *' *)9'-'",'& ',#2#& *'2'"&#+)'",.1 E# 7%' '&,#+.& ,-#H#>#"*. (." 0#& 8%'00#& *' #",)4 ;%#& 9.-+#& 03;)(#& *' 2'"&#+)'",.5

h5<5. "2 42' #)15"$'$ $)2$" -)$) $"/" #". 3.)$41-5<)D /5"2 "2;'.1'$) G 04#-5K51'$)D ,'1" $"#'3'."1". "& "#3'15) $" &' <".$'$".' #4/0"-5<5$'$E14'2$) "& 3)$". 52$5<5$4'& #" "2;'.1' 1);) 3)$". $"& 1)2#4;5$). G &'

*W_ I4'2 !);A274"@



#4/0"-5<5$'$ #" "2;'.1' 1);) 3'&'21' $" 42' K'&#' $";)1.'15'D &'# )3).8-425$'$"# 3'.' &' 1."'1562 $" 42 1)2-"?-) 2)87&)/'&5@'$) $"#'3'."1"2

.C35$';"2-"9 B)2 3)1'# 3)#5/5&5$'$"# $" 3)#"". 42' 5;'752'1562 2)K).;'-"'$'D >4"$';)# '-.'3'$)# $"2-.) $" 42 14".3) " 5$"2-5$'$ -.5#-" G425K).;"9 =& #"745. 14;3&5"2$) &'# K5115)2"# 5;34"#-'# 3). "#-)# ;'.1)#D3".$";)# &' 1'3'15$'$ $" K).;'. 24"#-.' 3.)35' ."'&5$'$ 1."'$' 3). 24"#8-.)# $"#")#D " 521&4#) 3".$";)# "& #"2-5$) $" &' 3.)35' ."'&5$'$9

R'.' ;A &' `251' ."'&5$'$ 3)#5/&" "# &) >4" G) &&';) &' ."'&5$'$ 5;'752'$'E42 "#3'15) "2 "& >4" -)$'<A' 34"$"# #"2-5. &5/".-'$ G 3"2#'. "2 &) 3)#5/&"9t45".) -.'". "#-' ."'&5$'$ 5;'752'$' ' &' 3.'?5#D ' &' "?3".5"215'9

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

3.)$411562 "?3".5"215'& $" &' ."'&5$'$9

W9c K'#" dX)2-3"&&5".D W]]Ym

R'.' &' W c "-'3' $"& 3.)G"1-) 3.)34#" T' 0#Y# 0#Y ' &)# 1)83'.-5153'2-"#

$" 42 3.)G"1-) 1)&"1-5<) $" ."#5$"215' &&';'$) CZ[M >4" #" $"#'..)&&6 "2

"& B"2-.) B).")7.CK51) O'15)2'& $" X)2-3"&&5".9 \.'/'0F 1)2 "&&)# )1,)

#";'2'# 3'.' /4#1'. 42' ;"-)$)&)7A' >4" -.'2#K).;'.' "& 1)2)15;5"2-) G&'# 5$"'# 7"2".'$'# "2 &' *c K'#" "2 42 $5#14.#) >4" 34$5".' '3)G'. &'

1);3&"05$'$ $"& -";' G #4 3)-"215'& 3".K).;'-5<)9 J2 "#-' W c K'#" $" &'

52<"#-57'1562D 1)2 "& 7.43) CZ[M D 425;)# &'# ,"..';5"2-'# G &' 52K).;'8

1562 $" &' *c K'#" 1)2 &)# )/0"-5<)# $" &' Wc K'#"9

j4#1';)# 42' "?3."#562 >4" K4"#" L1)21"3-4'&;"2-" 5.."3."#"2-'/&"PD &)>4" #5725K51'/' >4" 2) 34$5".' 2"1"#'.5';"2-" #". 2);/.'$'D 3".) '

-.'<F# $" &' 14'& 34$5F.';)# <5'0'.9 J# 42 "#3'15) ) 42 "<"2-) "2 "& >4"."1)2)1";)# -)$)D 3".) 2) #);)# 1'3'1"# $" "2-"2$".&) 1)2 &)# ;"1'825#;)# >4" "& &"274'0" 1'3-'D ) "2;'.1' &' ."'&5$'$9

!" H'999 ' H'999 *Wk



J#-4<5;)# 52<"#-57'2$) "2 42' 3.C1-51' "2 &' >4" L1);4251C/';)# 1);42581'/5&5$'$PD ) &)# ;"$5)# 3'.' 3.);4&7'. &' 3)-"215'&5$'$ $" &' 1);4251'8

1562D #52 2527`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

'S B);4251'1562 2) <"./'&

\.'/'0'2$) 1)2 &' 1);4251'1562 2) <"./'&D "#-4$5';)# &)# '#3"1-)# >4"'1);3'('2 "& ,'/&' G >4" #)2 2"1"#'.5)# 3'.' 1);4251'.#"9 QR)#-4.'#D &').5"2-'1562 $" &)# ,'/&'2-"#D &' $5#-'215' "2-." &)# ,'/&'2-"#D "& 1)2-'1-)<5#4'& G &'# ;5.'$'#D 1)2-'1-)# KA#51)#D &' 52-"2#5$'$ #4/0"-5<' $" &' <)@D "&16$57) -F.;51)D "& 16$57) $"& )&K'-)999S9 B."';)# #5-4'15)2"# '.-5K515'&"# >4"$'/'2 5;3).-'215' ' -)$)# "#-)# '#3"1-)#9 O4"#-.) )/0"-5<) K4" "&5;52'. &'#

0".'.>4A'# "2-." 1);4251'1562 <"./'& G 2) <"./'&D 1'3-'2$) &)# "K"1-)# $" &'#K).;'# 2) <"./'&"# G .").7'25@'2$) &'# ."&'15)2"# "2-." "&&'#9

R)$";)# "?-.'". 42' #".5" $" 1'.'1-".A#-51'# 1);42"# ' -)$)# &)#&"274'0"# 2) <"./'&"#9 R'."1" >4" "2 &' ;'G).A' $" "&&)# $);52' &' K421562"?3."#5<'T "2 "#-" #"2-5$)D ,'G "?3."#5)2"# 425<".#'&"# $" &)# 'K"1-)#,4;'2)# Q"& $)&).D &' '&"7.A'D "& ;5"$)D &' #).3."#'999S9 \';/5F2 "# 15".-)

>4" ,'G 42' #".5" $" 7"#-)# 14G) #5725K51'$) <'.A' $" '14".$) 1)2 &'#14&-4.'#9 H' 3'.'&527Â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

!" &' 1);4251'1562 2) <"./'& 34$5;)# "&'/).'. $5K"."2-"# ,"..';5"2-'#D4-5&5@'2$) $5K"."2-"# "#-.'-"75'#9 R). "0";3&)D 1)2 &'# #"7."7'15)2"#

*WY I4'2 !);A274"@



<)1'&"# ,515;)# 42 52-".1';/5) $" .)&"#9 :2' #"7."7'1562 <)1'& 2) 3".-"82"1A' ' 42 1)2-"?-)D #52) >4" ".' "& 1)2-"?-) 1)2 "& >4" 2)# -"2A';)# >4"

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

/S B).-)15.145-)

J2 "& 1);5"2@) $"& 3.)G"1-) *' 0#Y # 0#YD ;" 5;'752F '& 52-F.3."-" ,'15"2$)'&7)D 3".) $515"2$) )-.' 1)#' $5#-52-' ' &' >4" ,'1A' QF& ) "&&' $51"E L"#-)G1)..5"2$)PD ;5"2-.'# 75.'S9 B4'2$) &" 1);"2-F "#-' 5$"' ' 42) $" &)#

&527^5#-'# "2 &' * c K'#" $"& 3.)G"1-)D ;" $50) >4" G) "#-'/' 52-"."#'$) "2 "&1).-)15.145-) "2-." &' #";C2-51' G "& 14".3)9 J2 &' W c K'#"D 52-"2-';)# 1."'."#-)# 1).-)15.145-)# $"2-.) $" &' 3.)35' '115629 at4F "# &) >4" "21)2-.';)#"2-." 42' '11562 G #4 ."3."#"2-'1562b aJ2-." 42 3"2#';5"2-) G 42' 3'&'/.'baJ2-." "& 3"2#';5"2-) G &' 3.'?5#b :2 1).-)15.145-) "&F1-.51) )14.." /C#51'8;"2-" 14'2$) &' ."#5#-"215' $"& 15.145-) <' ' 1".) G &' 52-"2#5$'$ $" &'1)..5"2-" "&F1-.51' <' ' 52K525-)9 X" 74#-' "#-" ,"1,) 1);) ;"-CK).'D '#A >4"L1".) ."#5#-"215'D 52-"2#5$'$ 52K525-'P #" 1)2<5.-56 "2 42' "#3"15" $" &";'

3'.' "#' K'#" $" &' 52<"#-57'15629

\';/5F2 -"2";)# 1).-)15.145-)# "2 "& 1"."/.)E 3). "0";3&)D 14'2$)'&745"2 -" 3."742-' #5 ,'# <5#-) 42' 3"&A14&' G #52 3"2#'. )D #52 >4".".."#3)2$"# L#AP9 i "2 "& #5#-";' 2".<5)#)E 14'2$) "#-C# ;4G 1'2#'$) G>45"."# ,'1". '&7)D 3".) 14'2$) -" ;4"<"# 3'.' ,'1".&)D "& 14".3) 2) '1-`'$" '14".$) 1)2 "& 3&'2D G' #"' 3).>4" ,'1" )-.' 1)#' ) 3).>4" 2) &)7.'14;3&5. 1)2 #4 52-"215629

t45".) 3.)&)27'. "#-)# K47'1"# ;);"2-)# "2 "& -5";3)D "#)# ;);"2-)#14'2$) -)$) #" $"#3&'@'9 M" 3.)$41"2 14'2$) &' ;"2-" G "& 14".3) 2)34"$"2 'K5.;'.D #6&) 34"$"2 "?3".5;"2-'.9

!" H'999 ' H'999 *W+



K" 0# 9:&)(#1 ".& 8'+.& '"(.",-#*. 7%' '" 0# HU&7%'*# *' 0.& 0#*-)4 00.& 9%"*#+'",#0'& 7%' (-'#" ,.*# 0# +#,'-)# E '"'-;:# 7%'

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

J2 "#-)# ;);"2-)# $" -5";3) 3."#"2-"D 3)$";)# ,'/&'. $" &) >4""#-';)# <5<5"2$) G 1."'. #5-4'15)2"# $" 24"#-.' ."'&5$'$ '1-4'&D 14'2$) 2)"# 2"1"#'.5) >4" 2)# 3.)G"1-";)# ' 2)#)-.)# ;5#;)# 3).>4" "#-';)# "2;"$5) $" &' '115628#"2#'156283".1"315629 =3'."1" &' 1)215"215' $" &'3".1"31562D 3".) 2) &' 1';/5';)#D ,'/5-';)# #4 '3".-4.'9 O) "?3".5;"28-';)# 42' 1)2-.5/41562D #52) #5;3&";"2-" <5'0';)# ' &)# &A;5-"# $"24"#-.' 3".1"315629

B4'2$) ,'/&) $" 42 1).-)15.145-) 3'.' ;A &' '-"21562 <' ' &' #5-4'15621."'$' 3). F&9 J# ."'&D 2) 3.)$41-5<'D 3".) ;4G 3.)<)1'-5<'9 aR)$";)#"?-"2$". "& ;);"2-) $" 42 1).-)15.145-) 1"."/.'&b aR)$";)# #'/". &) >4"3".15/5;)# #52 -"2". 42' ."3."#"2-'1562 $" "&&)b at4F ,'G "2-." #"2#'1562G 3".1"31562b

:2 "0";3&) ;4G -)2-) #".A' "& -A351) '3'762 $" &4@9 M5 $4.' 42)# #"742$)#D3.)$41" '&7) ;4G $5K"."2-" ' #5 $4.' 42)# ;524-)#9 O) $57';)# #5 "&'3'762 #" '&'.7' $4.'2-" 42' ,).'9

=&742'# $" &'# "#-.'-"75'# >4" 4-5&5@';)# 3'.' 1."'. 1).-)15.145-)# K4".)2&' $5#)15'1562D &' $5&'-'1562 -";3).'& $" "&";"2-)# $" &' 1);4251'1562 2)<"./'&D "& 4#) 5&6751) $" &)# #"2-5$)#D "-19

1S M52"#-"#5'

J# )-.) K"26;"2) >4" ;" 52-"."#6 1)21"3-4'&;"2-"D G' >4" "#-C <5214&'$)

' &)# 1';/5)# "2 "& "#-'$) $" 1)215"215'9 H' 5$"' $" ;"@1&'. &)# #"2-5$)#-';/5F2 3.)$41" 42' "#3"15" $" 1).-)15.145-)9 M5 #6&) "# 3)#5/&" 3'.' '>4"8&&)# >4" -5"2"2 #52"#-"#5' )&". .)#'D a16;) 3)$";)# ';3&5'. "& "#3'15) >4"

*p] I4'2 !);A274"@



#" 1."' "2 42 1).-)15.145-)D 1)2 "& K52 $" 3.)$415. 42 1.41" #52"#-F#51) $"52K).;'1562b H' #52"#-"#5' "# 5..'15)2'&D '3'."1" 52#-'2-C2"';"2-"D "# 3).

&) 7"2".'& 521)2-.)&'/&"D G 2) 34"$" #". >4".5$'D #6&) #"2-5$'9

\)$)# &)# /"/F# ,'#-' &)# r '()# $" "$'$ ;"@1&'2 &)# #"2-5$)#D $"#34F# "&1"."/.) 1);5"2@' ' $5#-52745. G &)# #"2-5$)# #)2 #5-4'$)# "2 $5K"."2-"#3'.-"# $"& 1"."/.)9 J#-' "# -';/5F2 &' "$'$ "2 >4"D "2 "& '3."2$5@'0" $"5$5);'#D #" 1);5"2@' ' 3".$". 3".1"315629 =2-"# $" &' '$>45#51562 $"&&"274'0"D "& 25() 3".15/" ,'#-' 42 +]u ;C# >4" "& '$4&-)9 = -.'<F# $" &'"K515"215' $"& &"274'0"D &' 3".1"31562 #" ."$41" ' &) >4" #" 1)2#5$".' `-5&9aR)$";)# <)&<". ' 3"2#'. "2 &)# "#-'$)# $" &)# /"/F#b J2 1'#) 'K5.;'-5<)D

a>4F 3)$";)# 1)2#"745.bD a>45@C# 42' ;'G). 1)215"215'D 42 ;)<5;5"2-)&"0)# $" 42' #)15"$'$ '$).;"15$'D 42 '4;"2-) $" &' 1'3'15$'$ $" '11562bDa,'#-' >4F 342-) "#-C L&' 2).;'&5$'$P 1)2$515)2'$' 3). &' #)15"$'$ "2 >4"<5<5;)# G >4" "K"1-) -5"2" "#-) #)/." 24"#-.' #"2#5/5&5$'$ $" 3".1"31562b

K0 ('-'H-. #-(8)/# 0.& )+2%0&.& '0L(,-)(.& 7%' 0' 00';#" *' 0.& &'",)*.& '" 9.-+# *' 2#,-."'&5 6.- '>'+20.1 ". #-(8)/# 0.& )+2%0&.& 7%' 9)0,-#" 0.& .>.& &'2#-#*#+'",' *' 0.& 7%' 0' 00';#" *'0.& .:*.&5 ]." '&,.& 2#,-."'& (."&,-%)+.& 0# -'#0)*#*5 S0 &'- '0

('-'H-. %" &)&,'+# (#3,)(. E (.+20'>.1 0# )"*)/)*%#0)<#()3" *''&,.& )+2%0&.& . &'"&#()."'& ". ".& *#-:# *' "%'/. '0 ,.*.5 O) 9%L-#+.& 2.- '>'+20. (#2#('& *' /'- +=& &'(%'"()#& 2.- &';%"*.1. /'- +=& 9-'(%'"()#& *' 0%< % .0'- 0#& 2#-,:(%0#& 7%' #,-#/)'&#"0# #,+3&9'-#1 0# -'#0)*#* 7%' (."&,-%)+.& &'-:# +%E *)&,)",#1 . +=& (.8'-'",' # 0. 7%' 2#-'(' ".& 00'/#" 0#& "%'/#& ,'.-:#& 9:&)(#&5

\';/5F2 "#-'/' 52-"."#'$) "2 &' 5$"' $" 1);3'.-5.E 1);3'.-5. &' 1)2#-.4181562 $" "#-" "#-'$) ;"2-'& "2 "& >4" <5'0';)# 042-)# &"2-';"2-"D $" &';'2)D #52 252742' #"2#'1562 $" -5";3)9 J2 "& >4" 2) /4#1';)#D 3".) 2)#"21)2-.';)# "2 42 "#3'15) "2 "& >4" 2)# .""21)2-.';)# 1)2 &' 1);4251'815629 J#-' 5$"' $" 1);3'.-5. #" "?-5"2$" $"#$" "& "2K)>4" 52-".$5#153&52'.5)G $" -'&&". $" &' * c K'#"D ;"$5'2-" &' 52<"#-57'1562 1);3'.-5$' $" &' W cK'#"D G K52'&;"2-" 1)2 &)# "#3"1-'$)."# "2 &' p c K'#"9

J& 1)2-"?-) >4" $"#'..)&&F "2 &' W c K'#" 3&'2-"'/' <'.5'# 52-"..)7'2-"# #)/."&' K4-4.' 35"@'D a14C& "# &' "?3".5"215' $" &)# 52-F.3."-"# G 14C& &' $" &)#

"#3"1-'$)."#bD a16;) #".C &' ."&'1562 "2-." &)# $)#bD a14C& "# "& 25<"& $"<5<"@' >4" #" 3.)$415.CbD a14C&"# #)2 &'# ,'/5&5$'$"# >4" 2"1"#5-) $" &)#52-F.3."-"# G $" &)# "#3"1-'$)."#b R'.' ;A "#-'/' 1&'.) >4" 2) 5/' ' -.'-'. $"

!" H'999 ' H'999 *p*



3)2". ' &)# '.-5#-'# G "#3"1-'$)."# "2 &' ;5#;' 3)#515629 H' "?3".5"215' 3'.'&)# $)# "# 2"1"#'.5';"2-" $5K"."2-"9 R".)D a34"$"2 &)# $)# 1."'. 042-)# "&

">45<'&"2-" $" 42 1).-)15.145-) "&F1-.51)b M5 42) $5#3)2" $"& <)&-'0" G &)#)-.)# $" &' 52-"2#5$'$D &' "2".7A' <"2$.C $"& ;)<5;5"2-) "2-." "&&)# $)#9

p9c K'#" dX'$.5$D R=[ Q;'G) l 0425)S G j".&A2Q04&5) l '7)#-)S W]]+m

\.'/'0'2$) "2 &' W c K'#"D ' -.'<F# $" &' 1);4251'1562 2) <"./'&D 1);"28

@';)# ' 1."'. 42 "#3'15) "2-." #5725K51'$) G #"2-5$)D 3".$5"2$) &' #"2#'81562 #)/." "& 3.5;".) G 7'2C2$)&' #)/." "& #"742$)9

H)# 52-F.3."-"# "?3".5;"2-'2D &)# "#3"1-'$)."# ;5.'2 ' 3".#)2'# "?3".58;"2-'2$)D 3".) 42' "?3".5"215' #5;4&-C2"' )14.." ' -.'<F# $"& $"#14/.58;5"2-) ;4-4) $" -)$) &) >4" #" "214"2-.' "2-." "& #5725K51'$) G #"2-5$)9

R.)&)27'2$) "& 3.)1"#) 2).;'& $" ."1)2)15;5"2-)D #" 1."' 42 "#3'15) $"#4"() &`15$)9 J2 42 #4"() &`15$)D &'# ."&'15)2"# "2-." &)# ."14".$)# <5<5$)#

>4" 7"2".'2 "& #4"()D 1)2-524';"2-" 1';/5'2 G #" ."81)2-"?-4'&5@'2 '2-"#$" #". 1);3."2$5$)# G ;";).5@'$)#9 H' ."'3'.51562 $" &)# ."14".$)#D;5"2-.'# #" #4"('D #41"$" $4.'2-" "& 3.)1"#) $" '&;'1"2';5"2-)D 14'2$)&)# ."14".$)# 3'#'2 $" 42' ."7562 1"."/.'& ' )-.' '2-"# $" #". '&;'1"82'$)# 3".;'2"2-";"2-"9

R). &) -'2-)D ,'G #5#-";'# >4" 2)# 3".;5-"2 "<)&415)2'. "2 ."&'1562 ' &)>4" #4.7" "2 24"#-.' 3".1"315629 M5 "& L3.)1"#) $" '&;'1"2';5"2-)P )342-) $" &&"7'$' Q$" #"2-5$)D 1);3."2#562D 1)2#)&5$'1562 $" 1)2)158;5"2-)S 34"$" #". 3)#34"#-) 1)2-524';"2-"D "#-" "#3'15) $" 34.' "?3"8.5"215' 34"$" 1)2<".-5.#" "2 42' ."'&5$'$ 1)2#-.41-5<'9

J2 X'G) $" W]]+ ";3"1F "#-' `&-5;' K'#" ;'-".5'&5@'2$) "#-" "#3'15) $)2$""& 3.)1"#) $" ."1)2)15;5"2-) $"& #5725K51'$) #" '&'.7'/' 521&4#) ,'#-'3".$". #4 <'&).9 R".$5"2$) &' "K51'15' >4" 1'.'1-".5@' '& &"274'0"D $"0';)# '&14".3) )/#".<'$) "2 42 "#-'$) $" "?3".5;"2-'1562 G 3.)$411562 #5;4&-C2"'"2 "& >4" #" 1."'2 1)2-"?-)# '.-5K515'&"# $"#1)2)15$)# Q1."'$)# 3). &)# 52-F.8

3."-"#S 1)2 &)# >4" "& "#3"1-'$). #" ."&'15)2' "2 "& 3."#"2-"D "?3".5;"28-'2$) ' 42 25<"& ;C# #"2#).5'& " 52-45-5<) >4" .'15)2'&9 H) 52-"."#'2-" 3'.';A "# "& $5#14.#) >4" #" 7"2".' '2-"#D $4.'2-" G $"#34F# $" &' "?3".5"215'9

*pW I4'2 !);A274"@



=&7) '#A 1);) ;'2534&'. &' "?3".5"215' >4" #43)2" &' ;)2-'(' .4#'9 =2-"#$" ;)2-'. ,'G 42' "?15-'1562 3.)$415$' 3). &' "?3"1-'-5<'T $4.'2-"D ,'G 42'

#)/.""?15-'1562 3.)$415$' 3). &' "?3".5"215' KA#51'9 g $"#34F#D 14'2$) -" /'0'#D #6&) -" 34"$"# 1);4251'. 1)2 0'$")# G ;)<5;5"2-)# "#3)2-C2")# $"&14".3)9 at4F 3'#' 14'2$) 3.)&)27'# "& "#-'$) '2-"# $" #4/5.D 14'2$)1';/5'# "& "#-'$) $4.'2-" &' "?3".5"215'D G 14'2$) )-.' <"@ 3.)&)27'# "&"#-'$) "2 "& >4" "#-C#D 14'2$) -" /'0'#b

M.& '9'(,.& (%=",)(.& &30. &' 2-.*%('" (%#"*. 2.&2."'+.& ,'3-)4 (#+'",' '0 #(,. *' .H&'-/#- . *' (."&,-%(()3" *' -'#0)*#*5 K" '0 +.+'",. 7%' .H&'-/#+.&1 (-'#+.& %"# -'#0)*#* (."9.-+' # "%'&,-# 03;)(#5 K" 0# 2#-#*.># *'0 ;#,. *' O(8-R*)";'-1 +)'",-#& ". #H-)+.& 0# (#>#1 '0 ;#,. '&,= /)/. E +%'-,. # 0# /'<1 2'-. &) 0# #H-)+.&1 '0 ;#,. '&,= +%'-,. . /)/.5

O4"#-.' ;)2-'(' .4#' K4" 3".$5"2$) K).;' ,'#-' &&"7'. ' #". ';).K'9 J# "2"#" ;);"2-) "2 "& >4" <";)# ."'&;"2-" )-.' 4-5&5$'$ $" 24"#-.) 1);3).8-';5"2-)D 1."'2$) 42 "#3'15) -";3).'& 3'.' &' &5/".-'$ $" $"15#562 G $"1)21"31562 $"& #"2-5$) $" &'# $"15#5)2"#9

=&7) '#A 1);) <". ' $)# 25()# 047'2$) ) ,'/&'2$) "2 42 5$5);' 52<"2-'$)9B4'2$) &"# "#141,';)# ) <";)# G 2) 52-"2-';)# "2-"2$".D 2)# ."&'15)82';)# 1)2 "& #"2-5$) $" &) >4" 3'#' G 2) 1)2 "& #5725K51'$)9 B."'2 42 16$57)'/#)&4-) $" 1);4251'1562 G ' &' <"@ $" 2) #5725K51'15629 R). "#) &)# #)25$)#1)/.'2 )-.) <'&). G "& 14".3) '3'."1" &5/." $" 1)2-"?-)9 g "# ',A $)2$" G)>45".) 3)2". &)# 14".3)# G &' ;"2-" $" &)# 52-F.3."-"# G $" &)# "#3"1-'$)."#9

J2 !"#$ Q&' )/.' >4" ."#4&-6 $" "#-' `&-5;' K'#" $"& 3.)G"1-)D ' -.'<F# $","..';5"2-'# G 1)21"3-)# $"#1)2-"?-4'&5@'$)# $" &' 1);4251'1562 <"./'&G 2) <"./'&D "& 1)21"3-) $" 1).-)15.145-)D &' ."#)2'215' $" &' #52"#-"#5'D &';"1C251' 14C2-51' G "& 3&'1". 1);) ;'-".5'& ' ;)&$"'.S 1."';)# 42 3'-.621).")7.CK51) 5.."74&'.D 2) ."3"-5-5<) G #52 ).$"2 3".56$51)9*

J& -.'/'0) #" "21';526 ' &)7.'. 1)2-"?-)# '.-5K515'&"# 3). &)# >4" -.'2#5-'.9!" &)# >4" )/-"2". 42' "?3".5"215'9 H' 3'.'$)0' $" &' "?3".5"215' '.-5K515'&9

J& 3'5#'0" $" &' )/.' "# 52-45-5<)D "<5-' &' &6751'D 42' &6751' 3&"7'$' >4"2421' '3'."1"9 !)2$" -)$) 34"$" )14..5. G $)2$" &) >4" 2) "#-C 3.),58

/5$)D $"/" )14..5.9

!" H'999 ' H'999 *pp



J& -"'-.) #" '/."D &' $.';'-4.75' "# 52-".K".5$'D &' )/#".<'1562 521&4G" &'#52-".K"."215'# "2 &' $52C;51'D 2) ,'G 42 .'#-.) >4" #"745.D -)$) #" 521&4G"

G "& #5725K51'$) $" &'# 1)#'# 2) 1)2#-.4G" '&7) 1);3."2#5/&" $"#$" 24"#-.'&6751' L1)-5$5'2'P9 M41"$" 42' "?3".5"215' >4" "# <5<5$' '2'&6751';"2-"D G14G) ."#4&-'$) "# #5";3." $"#1)2)15$)9

R'#';)# 3). "& "#3'15) -"'-.'&D &47'. #";56-51)D 1'.7'$) $" ."K"."215'# G$" 1)2<"215629 M);)# 26;'$'# >4" )143'2 42 &47'.D 1)2#15"2-"# $" &'5;3)#5/5&5$'$ $" -.'2#K).;'. #4 '.>45-"1-4.' 3".) 1)2#15"2-"# -';/5F2 $"&' 3)#5/5&5$'$ $" "&"75. 16;) "#-'. "2 "&&'D "2 "#" ;);"2-) G 2) "2 )-.)9\);C2$)2)# "& -5";3) 5282"1"#'.5)9

M" .'&"2-5@' "& <5'0"D 2)# $"-"2";)# 42 52#-'2-" #52 ;"$5$' 3'.' <". >4F "#"#) $" &' ."3."#"2-'15)2'&5$'$D $" &' 1);4251'/5&5$'$D 3'.' '$"2-.'.2)# "2"& 16$57)D 3'.' 'K"1-'.&) G 2) #6&) #". 'K"1-'$)# 3). F&D G $" "#' "?3".5"215'#'&-';)# ' &) #5745"2-"D 2)# <';)#D #'&5;)# $" ',AD 3). "#) 2421' &&"7';)#9V";)# '3."2$5$) ' #'&5.9

J& "#3"1-'$).D "2 42 ;);"2-) $'$)D $"/".A' $"0'. $" /4#1'. Q."'11562

5;34&#5<' "2 &' "?3".5"215' "#1F251'S G '/'2$)2'.#" ' "21)2-.'.9 B';/5'."& $"#") ).5"2-'$) ' 42 ."#4&-'$) Q"K51'15'S 3). &' 14.5)#5$'$ ).5"2-'$' '&3.)1"#) Q"K515"215'S "# &' )31562 ;C# #'-5#K'1-).5'9

H' 521".-5$4;/." '&'.7' "& 3.)1"#) $" ."1)2)15;5"2-)D &' 3."$511562";35"@' ' K.'1'#'.9 M" $"/".A' '/'2$)2'. &' "?3"1-'-5<'9

J& "#3'15) 1."'$) $"0'.C >4" "& "#3"1-'$). -);" $"15#5)2"# G "214"2-." #43.)35' ;'2".' G &6751' $" ."&'15)2'.#" 1)2 &' L."'&5$'$P9 B'$' "#3"1-'$).1."'.C #4 3.)35) 425<".#) >4" 1)2<5<5.C 3'.'&"&';"2-" 1)2 &)# 425<".#)#$" &)# $";C# "#3"1-'$)."#9 B'$' "#3"1-'$). $"#3&"7'.C $5;"2#5)2"# >4"$"3"2$".C2 $" #4 #"2#5/5&5$'$9

J#-" 3'5#'0" 3.)3)2" $"15$5. #5 >45"."# ."&'15)2'.-" G 16;) ."&'15)2'.-"1)2 #5-4'15)2"# "2 &'# >4" )14.." 42' "?3".5"215' 3'.'&"&' ' &'# "?3".5"2815'#D ' &'# $"& 52-F.3."-" G "& "#3"1-'$). >4" <5'0'2 3). &' 2) &)1'&5$'$E3.5;".) ' -.'<F# $" 42 "K"1-) #52 1'4#'9 H'# K574.'# Q52-F.3."-"#S "#-C2 ',A

3".) 2) #" #'/" >4F ,'1"2 ',AD "2 "#" K)2$) >4" "# "& -"'-.)D 25 3). >4F,'1"2 &) >4" ,'1"29 J& <5'0" #574" ' -.'<F# $" 42' 1'4#' 5;'752'$' G #4"K"1-) 5;'752'$)9 J2 "#-' )1'#562 "& K)2$) #" 52-4G"D #" '$5<52'D '42>4" 2)

*pr I4'2 !);A274"@



"#-C "2 "& -"'-.)9 H'# K574.'#D >4" 1&'.';"2-" ."3."#"2-'2 "#-'. "2 "#"K)2$) 5;'752'$) $"& >4" 2) ,'G .'#-.) ;C# >4" 3). &)# #572)# KA#51)# G

'115)2"# >4" #" $"#'..)&&'2D "?3".5;"2-'2 42 "#-'$) >4" "# &) >4" "2 $"K5825-5<' )14.."9 H'# K574.'# 2) ."3."#"2-'2 2527`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q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

H'# K574.'# ."-);'2 #4# '1-5<5$'$"# 52$5<5$4'&"# '2-".5)."# $)2$" &'#,'/A'2 $"0'$)D 1);) #5 2'$' ,4/5"#" 3'#'$)9 h4"&<"2 ' "#-'. "2 "& -"'-.)9M4# 3">4"('# '115)2"# >4" 2) 1'#'2 &'# 42'# 1)2 &'# )-.'#D >4" ,'1"2;)<". &' "?3".5"215'D >4" #5725K51'2 3".) 2) 1)2#-.4G"2 42' 2'..'1562D#41"$"2 #52 '342-'. 42 $"#-52)9 M52 '342-'. 42 K52 1)21."-)9 \)$) "#-C&&"2) $" #5725K51'$) 3".) <'1A) ' &' <"@ $" ).$"2 2'..'-5<)9 J#-'# 3">4"('#'115)2"# #" ";35"@'2 ' -.'2#K).;'. "2 $5K"."2-"# 25<"&"# $" ."3."#"2-'81562 $" 42) $" &)# "#-'$)# $"& 3&'1".D "& #"?)9 i-.' <"@ 3.5;5-5<)D 3".) #5'2-"# &'# K574.'# 1)2#-.4A'2 -'2-) "& "2-).2) 1);) &' ;)-5<'1562 3'.'

1)2#-.45. "#" "2-).2)D ',).' "& -.'/'0) <' "21';52'$) ' #)K5#-51'. &' ."&'81562 1)2 &) 3.5;5-5<)9 \.'/'0'2$) "2 42' "?3".5"215' >4" <' $" &) '/#-.'1-)' &) "?3&A15-)D 3'#'2$) 3). &) #4.."'&5#-'D 3). &) $"&5.'2-"D 3). &) #"2#5/&"D

!" H'999 ' H'999 *ps



G &) #4-5&D 3). &) 525;'752'/&" G 3). &) '/#4.$)9 J& -.C2#5-) 3). -)$)# "#-)#25<"&"# $" ."3."#"2-'1562 ,'1" >4" "& "#3"1-'$). "?3".5;"2-" &) 3.5;5-5<)

$" 42' ;'2".' #)K5#-51'$'D #)K5#-51'1562 >4" #574" "&'/).'2$) $5K"."2-"#25<"&"# $" "?3".5;"2-'. "& 3&'1".9 O) #6&) #" "?3".5;"2-' #52) >4" #"3.)3)2" 42' ;'2".' $" "?3".5;"2-'.9 =,).' 2) ,'G K)2$)D 2) ,'G K574.'#D2) ,'G 0".'.>4A'#D #)&) "?3".5"215'9 H' "?3".5"215' "#-C &&"2' $" -5D -` "."#&' "?3".5"215'9 g "& #"?) $5'&)7' 1)2 "& ,4;).D ' &' <"@ >4" #" '/." ,'15' &)$"#1)2)15$)9 J#-' #)K5#-51'1562 '/." 42' 34".-' ' &) ;C# 3">4"() G#"2#5/&"D 1)2 &) ;A25;) #" 1."' 42' -"2#562 #4K515"2-" >4" 3.)3)2" 42''-"21562 $"-".;52'$'D #4#3"2$5$'9 !4.'2-" -)$' &' )/.' #" -.'/'0' 1)2 &';"$5$' ;"2). 3'.' #)#-"2". -"2#5)2"#T &' -"2#562 ;A25;' >4" ,'1" K'&-'3'.' ;'2-"2". &' 14.5)#5$'$ v#4#3"2$5$' 521&4#) "2 &' ;C?5;' <"&)15$'$E<"&)15$'$ $"& #)25$)D <"&)15$'$ )/#".<'$' 3). '&742)# $" &)# 52-F.3."-"#D)/#".<'1562 ;"$5) "#1)2$5$'v9 H'# K574.'# )/#".<'2D &)# "#3"1-'$)."#)/#".<'2D )-.'# K574.'# #" $"0'2 )/#".<'.9 \)$'# &'# K574.'# #" $"0'2)/#".<'. "2 42 "#-'$) K.C75&D 42 "#-'$) ."'& $" #"2#'15)2"# '2-".5)."# ' &'#"2#'1562 >4" -5"2" 2);/."D >4" ."#3)2$" ' 42' &6751' $" &' #"2#'1562EK52'&;"2-" &'# K574.'# #)2 K5115)2'&5@'$'#9 !"0'2 $" #". K574.'# 3'.'1)2<".-5.#" "2 >45"2"# ."'&;"2-" #)2D 1)2 2);/."# G '3"&&5$)#9 =/'28

$)2'2 &' "?3".5"215' ."3."#"2-'15)2'& 3'.' '$"2-.'.#" "2 &' K511562 $" &'."'&5$'$E "2 "& #'&4$)D &)# 52-F.3."-"# #)2 "&&)# ;5#;)#D &)# "#3"1-'$)."##)2 "&&)# ;5#;)#D &' L."'&5$'$P 1)2-52`' "2 '&742' 3'.-"9

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

8'+.& 7%'-)*. -'2-'&'",#- '&' 0%;#- (.+U" # ,.*# 2'-('2()3"&'"&),)/# 7%' 2.&,'-).-+'",' ,-#*%()+.& # 0'";%#>'5 ^'+.& 7%'-)*. (-'#- %" '&2#(). *' -'#0)*#* ". 9)0,-#*# 2.- "%'&,-.&

*p_ I4'2 !);A274"@



&'",)*.& . 2.- "%'&,-# 03;)(#5 6.- '00.1'" !"#$ ".& '"(.",-#+.& (." -'#0)4

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

+'",#0'&Y1 '" 0# '&('"#1 &' 2)'-*' 0# 0.(#0)*#*1 ". 8#E (."'I)3" *' '9'(,. (#%&# E &.H-' ,.*.1 ". 8#E 2.&)H)0)*#* *' 2-'*)(()3"5

!" H'999 ' H'999 *pk

j5/&5)7.'KA'

=/"&&' X'.-A2D I9 X9DX'.-A2"@8!4'.-D I9 X9E`%"*#+'",.& *'K0'(,-3")(# `:&)(# E Z)(-.'0'(,-3")(#1

=$$5#)28w"#&"GD *++_9

j'&&D R,5&53 QW]]rSEZ#&# (-:,)(#W (#+H). E (.+20'>)*#* ?]-),)(#0 Z#&&W ^.a V"' X8)"; M'#*& ,. S".,8'-D1\4.2".D X'$.5$D W]]Y9

B'3.'D [.5-0)K Q*+ksSD K0

X#. *' 0# 9:&)(# ?X8'X#. .9 68E&)(&D1 M5.5)DXC&'7'D W]]p9

g2$4.C52D [.'215#1)EK0'(,-."'&1 "'%,-)".& E 7%#-b& D B.A-51'D X'$.5$DW]]_9

g)4.7.'4D R'&&" QW]]sSE!" +%"*. &)" ,)'+2.

?S c.-0* c),8.%, X)+'D1 \4#>4"-#D j'.1"8&)2'D W]]k9





!"#$% '((( ) *+,% -./0%1 .# 2*% $.#$%32 .4 +56%#$% "# /%7+2"#8 2*% -/"22%# 7+#89+8% 2. 2*%62+8%: ;# +56%#2 <.,%<%#2: ;# +56%#2 5.1=:;# +56%#$% 2*+2 /%63.#16 2. <+#= =%+/6 .4 .,%/>%?37."2+2".# +#1 "1%+7"6+2".# .4 2*% 5.1=2*+2 1+#$% 62"77 3/.<.2%1 "# 2*% #"#%2"%6:

) 2*"#0 2*+2 2*/.98* 2*"6 +56%#$% 63%$2+2./6$+# "<+8"#% + 5.1= $7.6%/ 2. 2*%"/ /%+7 %?3%/">%#$%6@ + $7.6%#%66 2*+2 4./ <% "6 %66%#2"+7 "#+#= 7",% +/2"62"$ %?3/%66".#A +77 3%/4.<+#$%%?3/%66".#6 "<37= $.<<"2<%#2@ /+1"$+7"6< +#13+66".#:

!" $%&'"(' )* +$,'-.$/ )- $ 0$($",

&1$(' ." $ (-2&,$//."' &,-3(,3-'4 ,5$, .&

,) &$24 ." $ 1)&.,.)" 6.,5." $" )-7'-'7

&,-3(,3-'4 5$& 1-)1'-,.'& ()++)" ,)

,5' 1-'&'"(' )* +$,'-.$/ $, ,5.& 1).",8

953& $" '/'(,-)" ,5$, +)0'& ,) ,5'

-.:5, ." ,5' 7.**'-'", 1)&.,.)"& )* ,5'

&,-3(,3-' )* +$,,'- ($" %' ,-'$,'7 $& $

1$-,.(/' )* ';3$/ (5$-:' %3, )*

()",-$-2 &.:" ,) ,5' '/'(,-)" ,5$,

+)0'& ,) ,5' /'*,4 6.,5 .,& )6" 1-)1'-< ,.'&8 =3, ,5.& 1)&.,.0' 1$-,.(/' .& ")

+)-' ,5$" ,5' &1$(' /'*, %'5."7 %2 ,5'

B/.< 2*%::: 2. 2*%:::C9+# D.<E#89%F'

': G*"6 2%?2 "6 + /%19$%1,%/6".# .4 2*% 3%/4./<>+#$% 3/%6%#2%1 "# 2*%H)#2%/#+2".#+7 6%<"#+/+5.92 I%- D/+<+29/>8"%6J: G*% 3+/26 -/"22%# 5= C9+# D.<E#89%F +/%"# #./<+7 2=3%K 2*.6% .4 L6$+/ M%/#N#1%F "#"2+7"$6:



'/'(,-)"8 953& 6' ($" &,$,' ,5$, $"

$%&'"(' 6.,5 -'&1'(, ,) )3- 1'-('1,.)"

.& ." -'$/.,2 )- ;3$",3+ /):.( $ 1-'&< '"(' ,5$, :'"'-$,'& +)0'+'",8

OP#19/N"#@ QRRSTQ:

U# 2*% .2*%/ *+#1@ "# /%63.#6% 2. 2*% #%%1 2.%#/"$* 2*% +$2 .4 $.<<9#"$+2".# "<37"$"2 .#62+8%@ ) *+,% +33/.+$*%1 63%$2+2./6 +6 + 8/.93.4 "#1","19+76 O"# 3.7"2"$6 + $.9#2/= "6 .42%#/%4%//%1 2. +6 +# %#2"2= <+1% 93 .4 + 9#"4./<<+66 .4 "#1","19+76T: V= +$2",+2"#8 2*%"/ "<+8">#+2".#@ ) -+#2 2. +$2",+2% 2*%"/ "#1","19+7"2=:

>)- )3- 1'-('1,.)"4 +$,,'- $"7 .,&

()"&,.,3'", )- *3"7$+'",$/ 1$-,.(/'&

($" $11'$- ."7.0.73$/4 6.,5 ."7.0.73$/

+)0'+'",&4 %3, ,5.& .& "),5.": +)-'

,5$" $" $%&,-$(,.)" )* )3- +'",$/

/):.( )* $" .",'--'/$,'7 -'$/.,28 !"7 "), )"/2 ,5' *3"7$+'",$/ 1$-,.(/'&4 ,5'

$,)+& )* 6$,'- %'5$0' ."7.0.73$//2

3",./ ,5'2 -'$(5 ?'-) 7':-''& $"7 $&&)<

(.$,' 6.,5 )"' $"),5'- ,) *)-+ .(' (-2&<

,$/&4 6.,5)3, ,5' '@.&,'"(' )* $"2 .",'-<

+'7.$-2 &3%&,$"('8 95'-' .& ") 152&<

.($/ /$6 ,5$, .+1'7'& $ "'6 &,$,' )*

6$,'- %',6''" /.;3.7 $"7 .('4 )- &,'$+

$"7 /.;3.74 %3, "'0'-,5'/'&& ,5.& ,-$"&.<

,.)" ,$A'& 1/$(' $%-31,/28 95.& .&

"),5.": +)-' ,5$" $ ()"&';3'"(' )*

,5' ()//'(,.0' %'5$0.)3- )* $,)+&8 B, .&

7.**.(3/, )- .+1)&&.%/' ,) 1-'7.(, 65$,

$" $,)+ )- ."7.0.73$/ 1$-,.(/' 6.// 7)4

%3, 6' ($" 1-'7.(, 65$, $ :-)31 )*

$,)+& .& :).": ,) 7)8 C' 53+$" %'.":&

$/&) %'5$0' ." $ 1-'7.(,$%/' +$""'- .".",'--'/$,.": 6.,5 ),5'-& 65'" 6'

%-)$7'" )3- )%&'-0$,.)" ,) $ :-)31 )*

'WR C9+# D.<E#89%F

Q: X+/2"$"3+#26 "# 2*%$/%+2",% 3/.$%66 .4 !"#$

-%/% Y"77%6 Y%2#%/@Z+/E+ C%/%F@ I+"+/+Z%#1"./.F@ [9"6 Z"89%7B\7"? = ]<"7". G.<\@ 4./2%# -%%06 19/"#8 QRR(:)# +11"2".# ) *+1 2*%+66"62+#$% .4 2*% 3*=6">$"62 L6$+/ M%/#N#1%F@-*. 4./ 2-. -%%066*+/%1 -"2* 96 *"60#.-7%18% .4 ^9+#29<@+#1 -*.< ) +60%1 2. 8%2"#,.7,%1 "# 2*"6 $.#4%/>%#$% 2. +76. +44%$2 2*%$*/.#.7.8= .4 2*%3/._%$2@ 5%$+96% 4./ <%/"8*2 #.- 7"#89"62"$6+#1 ^9+#29< +/% "#2%/>$*+#8"#8 2*%"/ /.7%6 +64"89/% +#1 5+$08/.9#1:



1')1/'8 95'-' $-' 0'-2 1-'(.&' 152&.($/ +)7'/&4 3&'7 *)- '@$+1/'

." 3-%$" 1/$"".": )- ,5' '()")+24 %$&'7 )" ,5' +.(-)&()1.(

%'5$0.)3- )* $,)+& ,5$, 1-'7.(, )3- %'5$0.)3- $& $ :-)314 65'-',5' ()"('1, )* ."7.0.73$/.,2 .& /)&,8 !-' 6' *-'' ,) (-'$,' )3- )6"

&)(.',2 )- $-' 6' 1-.&)"'-& )* ,5' /$6& )* 152&.(&D E!/%'//$ F$-,G"4

F$-,G"'?<H3$-,4 IJJKL8

Z= -./0 *+6 +7-+=6 5%%# 1"/%$27= /%7+2%1 2. 2*%<%6 +#1 $.#$%326A 63+$%@2"<%@ 5.1= +#1 "1%#2"2=:

[+2%7= <= 5.1= *+6 5%$.<%@ "# + ,%/= /%7%,+#2 -+=@ + <+3 .4 <= "1%#2"2=@

+6 9#"2= .4 <"#1 +#1 5.1= +#1 + 3/"#$"3+7 <%+#6 .4 +$2","6<: ) *+,% $.#62">292%1 <= "1%#2"2= "# .33.6"2".# 2. 2*% %19$+2".# +#1 $9729/% .4 2*% !3+#"6*2/+#6"2".#: ) 1"62+#$%1 <=6%74 4/.< 2*% $.#2/.,%/6= 5%2-%%# 1"6$"37"#% +#14/%%1.<@ 1%,%7.3"#8 %?2/%<% 4%/.$"2=@ + 1%62/9$2",% 96% .4 <= 5.1= "# /%7+>2".# 2. 6.$"%2=:

`*%# ) 62+/2%1 2. 1+#$%@ 2*% 5.1= *+1 + 1"44%/%#2 /.7% > 1"/%$2%1@ 96%497@+#1 %44"$"%#2@ "# 2*% 6%/,"$% .4 2*% 3/%6%#2+2".# .4 4./<6 2*+2 6%/,%1 2*%"1%+76 .4 2*% +92*./: [+2%/ ) 5%8+# 2. $/%+2% <= .-# -./0@ <.,"#8 +-+=4/.< 2*% "#2%/3/%2+2",% /%63.#6"5"7"2= 2*+2 ) *+1 9#2"7 2*%# +#1 2*"#0"#8 .4 + 5.1= 2*+2 $.971 63%+0 4./ + 7+/8%/ 3.397+2".#@ + 5.1= 2*+2 $.971 5%9#1%/62..1 "# $.77+5./+2".# -"2* +92*./6@ 3%/4./<%/6 +#1 63%$2+2./6:

Z= "#2%/%62 "# 7"#89"62"$6 +/.6% 4/.< <= $9/".6"2= "# /%7+2".# 2. 2*% 9#$.#>6$".96 3+/2 2*+2 "2 +$2",+2%6 "# $.<<9#"$+2".#: a3 2. + 3."#2 -% +/%$.#6$".96 .4 2*% 9#$.#6$".96 %7%<%#2 "# 2*% +$2 .4 $.<<9#"$+2"#8@ 592 "62*"6 96%497 2. 96 "# 2*% $+6% .4 -+#2"#8 2. %+/# 2*% 4/%%1.< 2. <+#+8% .9/

/%+7"2=@ 2. 7%+/# *.- -% 3%/$%",%@ 9#1%/62+#1 +#1 $.<<9#"$+2% "2 2*/.98*7+#89+8%b

M$":3$:' (-'$,'& )3- 3"7'-&,$"7.": $"7 )3- /):.(8 !& $ /):.($/

&2&,'+ ., .& ."()+1/',' $"7 /'$7& ,) 1$-$7)@'& 6.,5." .,& )6" /):.(4

$& ,5' +$,5'+$,.(.$" NO7'/ 7'+)"&,-$,'7 ." 5.& ."()+1/','"'&&

,5')-'+4 ."7.($,.": ,5$, $// /):.($/ &2&,'+& $-' "'('&&$-./2 ."()+<

1/',' $"7 ,5'-' .& ") 1)&&.%./.,2 )* ()+1/','"'&&8 NO7'/ 7'+)"<

&,-$,'7 ,5$, ." $"2 /):.($/ &2&,'+ )"' ($" $/6$2& -'$(5 $ ()"(/3<

&.)" ,5$, .& %),5 ()--'(, $"7 ,-3' ." +$,5'+$,.(& $"7 ." /$":3$:'465'-' 6' $/&) -'$(5 &.+./$- A."7& )* 1$-$7)@'&8 P)+' '@$+1/'&

$-' ,5' /.$- 1$-$7)@ )- ,5' */$,,'-'-Q& 1$-$7)@8

B/.< 2*%::: 2. 2*%::: 'W'



'62 3*+6% cZ+1/"1@ V%"_"#8@ Z.#2%,"1%.@ d". 1% C+#%"/.@I%- P./0@ e"%##+@ X+/"6@ U3./2. +#1 V%/7"# QRRfgRhi

j.<<"66".#%1 5= 2*% j%/,+#2%6 )#62"292% "# ,+/".96 $"2"%6@ "#,"2%1 5=1"44%/%#2 4%62",+76 +#1 "#62"292".#6 "# %+$* $"2= +#1 89"1%1 5= 7.$+77"#89"626 +#1 4/.< + <./% 6%<+#2"$ +#1 $.8#"2",% "#2%/%62@ -% $.,%/%1 +77+#87%6 .4 7"#89"62"$6 O3*.#%2"$6@ <./3*.7.8=@ 6=#2+?@ 6%<+#2"$6@ 3/+8><+2"$6@ 36=$*.7"#89"62"$6T +#1 6%+/$*%1 4./ + $.<<.# 9#1%/62+#1"#8 .4 <+2%/"+7 +$/.66 2*% 1"44%/%#2 7+#89+8%6 O!3+#"6*@ j*"#%6%@ 3%$97"+/"2"%6 .4 %+$* 7+#89+8%@ +#1 2*% $9729/+7 +63%$26 2*+2 4/+<% ./ +/% 4/+<%1 5=

7+#89+8%: G*"6 <+2%/"+7 2*%# 3/.,"1%1 2*% 2..76 4./ 3/+$2"$+7 -./06*.36-"2* 7.$+7 3+/2"$"3+#26:

G*% 2..76 4./<%1 3+/2 .4 + <%2*.1.7.8= "# -*"$* 2*% $.#$%329+7 62/9$>29/%6 .4 7+#89+8% $.971 5% <+#"397+2%1 5= <%+#6 .4 2*% "<+8"#+2".# +#1"#479%#$% 2*% 9#1%/62+#1"#8 .4 .9/ 3%/$%32".#:

G*% *9<+# 5%"#8 $.#62+#27= 96%6 63+$%@ 2"<% +#1 5.1= "# 1+"7= 7"4%A -% +/%

+77 9#$.#6$".967= $*./%.8/+3*%/6:

) -+6 "#2%/%62%1 "# +$^9"/"#8 + 8/%+2%/ +-+/%#%66 .4 -*+2 -% 9#$.#6$".967=1. "# 69$* + 6.3*"62"$+2%1 +#1 3/%$"6% -+=@ +6@ 4./ %?+<37%@ -*%# -% 63%+0+#1 <.,% "# .9/ %,%/=1+= 7",%6: `./0"#8 -"2* .9/ +-+/%#%66 2. .3%# +#1"#$/%+6% +92.#.<=@ 592 +76. +6 + 2..7 4./ 2/+#64./<+2".#: ;-+/%#%66 5%$.<%6 + 2..7 2. +44%$2 +#1 #.2 <%/%7= 2. 5% +44%$2%1:

j+# +-+/%#%66 .4 6%#6+2".# 3/.,"1% 96 -"2* 3.66"5"7"2"%6 .4 9#1%/62+#1"#8

+#1 $*."$%b )6 2*%/% + 63+$% 5%2-%%# 6%#6+2".# +#1 3%/$%32".#b )6 2*%/% +63+$% 5%2-%%# 3%/$%32".# +#1 /%3/%6%#2+2".#b )4 "2 %?"626@ *.- $+# -%/%$.8#"6% +#1 "#$/%+6% "2b

M$":3$:' 7)'& "), 7-$6 $,,'",.)" ,) .,& *3"(,.)" ." ,5' ()"&,-3(<

,.)" )* -'$/.,24 ." ,5$, ,5.& &''+& ,) $-.&' *-)+ $" '@.&,'"(' ."7'<

1'"7'", *-)+ )3-&'/0'& )- )3- /):.(8 R3- /$":3$:' 1-)S'(,& 7.0.<

&.)"& ,5$, +$2 )- +$2 "), %' ()--'(,8 >-)+ ;3$",3+ /):.( 0.$ .,&

+$,5'+$,.($/ /$":3$:' -'$/.,2 %'5$0'& ." $ 7.**'-'", +$""'- 65'" ., .& "), %'.": )%&'-0'7 )- 65'" ,5'-' .& $" )%&'-0'- ." ,5'

1-)('&&8 !(()-7.": ,) ,5.& ;3$",3+ /):.(4 $ 1$-,.(/' ($" %' ."

'WQ C9+# D.<E#89%F



0$-.)3& 1)&.,.)"& )- 1$&& ,5-)3:5 0$-.)3& /)($,.)"& $, ,5' &$+'

,.+'8 T"7'- )%&'-0$,.)" -'$/.,2 7.&1/$2& .,&'/* ." )"' )* .,& *$(',&4

"), ." 0$-.)3& &.+3/,$"')3&/28 U.,5'- ., 1$&&'& ,5-)3:5 )"' /)($,.)")- $"),5'- .* 6' )%&'-0' .,4 %3, .* 6' 7) "),4 ., 1$&&'& ,5-)3:5 %),58

95.& %-.":& 3& ,) $ "'6 1$-$7.:+V ,5' )%&'-0'- .& (-'$,)- )*

-'$/.,24 65.(5 ."7.($,'& ,5$, $6$-'"'&& $"7 ,5' -'$/ 6)-/7 $-' "),

&'1$-$,'7 *-)+ )"' $"),5'- $& )3- /):.( )- 6$2 )* ,5."A.": ()3/7

5$0' ."7.($,'7 $ 1-.)-.8

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

B/.< + $.<3+/+2",% 6291= .4 2*% 1"44%/%#2 7"#89"62"$ +33/.+$*%6@ -% 7%+/#2+5.92 $%/2+"# <%$*+#"6<6 2*+2 +/% 3%/2"#%#2 2. 2*% %?%$92".# +#1 2*% -+=6"# -*"$* -% $+# 1"/%$2 .9/ 3%/$%32".#@ 5= <%+#6 .4 +# 9#1%/62+#1"#8 .4 *.- -% 49#$2".# 3*=6"$+77= "# 7+#89+8% +#1 5= <%+#6 .4 7+#89+8%: V=3/.19$"#8 #%- 4./<6 .4 +33/.+$* 2. 2*% /%7+2".#6*"3 5%2-%%# ,%/56 +#1+$2".#6@ -% 4.9#1 .9/6%7,%6 "# + 3.6"2".# 2. "#479%#$% .9/ 3%/$%32".# .4 2"<%@ 63+$% +#1 "1%#2"2=:

G*% 4.77.-"#8 +/% 6.<% #.2%6 4/.< 2*% /%6%+/$* 3/.$%66A

+T )# #%9/. 7"#89"62"$ 6291"%6 "2 *+6 5%%# 1"6$.,%/%1 2*+2 5= <%/%7=63%+0"#8 .4 <.,%<%#2 + 3+/2 .4 2*% 5/+"# "6 +$2",+2%1: )# .9/ /%6%+/$* -%96%1 2*% 2..7 .4 63%+0"#8 +5.92 -*+2 H-% -%/% 8."#8 2. 1.J@ +72*.98* -%#%,%/ %#1%1 93 1."#8 "2@ 3/.19$"#8 +#.2*%/ 0"#1 .4 +$2".# 4/.< 2*+2 %#9#>$"+2%1 ,%/5+77= +#1 $/%+2"#8 1"44%/%#2 2"<%>4/+<%6 5%2-%%# 2*% +$2".#%?3/%66%1 +#1 "26 %?%$92".#:

5T )# 2%/<6 .4 36=$*.7"#89"62"$ 6291"%6@ -% 4.$96%1 .# 2*% <%#2+73/.$%66%6 +#1 %#2"2"%6 "<37"$+2%1 "# 2*% 3/.19$2".# +#1 $.<3/%*%#6".# .4 7"#89"62"$ %#9#$"+2".#6@ 7%+1"#8 2. %//./ "# 2*% 2*%<%6 2%62%1: X6=$*.7"#>

B/.< 2*%::: 2. 2*%::: 'Wk



89"62"$6 /%,%+76 2*+2 3+/26 .4 .9/ 3%/$%32".# ./ "<+8"#+2".# +/% 1.<"#+2%1 5= 7+#89+8%: ;# %?+<37% .4 2*"6 "# 36=$*.7"#89"62"$6 "6 6*.-# -*%# -%

$*+#8% 2*% #+<% .4 .#% $.7.9/ -"2* +#.2*%/ $.7.9/ O-/"2*% 2*% -./1 !"#$"# /%1@ -/"2*% 2*% -./1 =%77.- "# 8/%%#@ %2$:T: `% $+//"%1 .92 +# %?%/$"6% "#-*"$* .#% 3+/2"$"3+#2 *+1 +#.2*%/ 3%/6.# -*"63%/"#8 + ,%/5 "#2. %+$* %+/:G*% 3+/2"$"3+#2 *+1 2. %?%$92% 2*% ,%/5 -*"$* *% -+6 *%+/"#8 "# .#% %+/+#1 6+= 2*% ,%/5 *% -+6 5%"#8 2.71 "# 2*% .2*%/ %+/: )# 8%#%/+7 2*% /%6972$.#6"62%1 .4 + 1%7+= "# 2*% $+3+$"2= .4 <.,"#8 ./ 63%+0"#8 -*%# 2*% 3"%$%6.4 "#4./<+2".# $/.66%1: G*% $.<<+#16 3/.19$%1 + $.#47"$2 5%2-%%# 5.1=+#1 <"#1: `*%# 2*"6 .$$9//%1 6"<972+#%.967=@ 2*% +$2","2= 7"#0%1 2. 2*%3/.$%66"#8 .4 7+#89+8% O2*% /%3%2"2".# .4 + ,%/5T@ +#1 2*% +$2","2=1%3%#1"#8 .# 2*% <.2",% $.<<+#16 O2*% "#2%/3/%2+2".# .4 + ,%/5 "# <.,%><%#2T <929+77= "#479%#$%1 .#% +#.2*%/@ 3/.19$"#8 -*+2 "6 0#.-# +6 +6*./2>$"/$9"2:

$T G*% 6291= .4 6%<+#2"$6 1%6$/"5%6 *.-@ "# +77 7+#89+8%6@ 2*% ,%/56 .4 <.,%<%#2 496% 1"44%/%#2 $.<5"#+2".#6 .4 2*% 6%<+#2"$ $.<3.#%#26 -"2*"#2*%"/ 7%?"$+7 4./< O4"89/%@ 5+$08/.9#1@ 1"637+$%<%#2@ 2/+_%$2./=@ <+##%/TA

C9<3 l <.,%<%#2 m <+##%/B+77l <.,%<%#2 m 2/+_%$2./=B7= l <.,%<%#2 m 4"89/% m <+##%/[+#1l <.,%<%#2 m 4"89/% m <+##%/ m 5+$08/.9#1a#$./0 l <.,%<%#2 m <+##%/ m 2/+_%$2./= m 4"89/% m 5+$08/.9#1

1T G*% 6291= .4 <./3*.7.8= 6*.-6 96 2*+2 2*% )#1.>]9/.3%+# 7+#89+8%6O%?$%32 4./ 2*% d.<+#$% 7+#89+8%6T@ 0#.-# +6 6+2%77"2% O2*+2 *+,% 3+/2"$7%6+#1 3/%3.6"2".#6T@ +/% $%#2/%1 <./% .# 695>6%$2".#6 .4 2/+_%$2./=@ *+,%4%-%/ ,%/56 "<37="#8 2/+_%$2./=@ 592 #%,%/2*%7%66 *+,% 7+/8% ,.$+597+/"%62. "#1"$+2% 2*% <+##%/ .4 <.,%<%#2@ ./ ,%/56 2*+2 "<37= 2*% <+##%/ "#-*"$* 2*% ,%/5 "6 $+//"%1 .92: G*% "<37"$+2".# *%/% $.971 5% 2*+2 -*+2 +8",%# 7+#89+8% 1%2%/<"#%6 /%47%$26 2*% 3%/$%32".# .4 6%#6"2","2=: G*% 6+2%7>7"2%6 +#1 2*% 3/%3.6"2".#6 "# 6.<% 7+#89+8%6@ 69$* +6 ]#87"6* +#1 j*"#%6%@$+//= .92 + 1"44%/%#2 /.7% 2*+# "# 2*% d.<+#$% 7+#89+8%6: )# 2*% d.<+#$%7+#89+8%6 2*% "#4./<+2".# .4 6+2%77"2%6 +#1 3/%3.6"2".#6 "6 "<37"$"2 "# 2*%,%/5 "26%74 O69$* +6 "# 2*% 3/%,".96 %?+<37%A 7'&()-(5$-4 ./ 2. 9#$./0T:

G*%/% +/% 6291"%6 2*+2 1%<.#62/+2% 2*+2 63%+0%/6 .4 d.<+#$% 7+#89+8%6+/% <./% 7"<"2%1 "# 1%6$/"5"#8 +$2".#6@ -*"$* 1.%6 #.2 <%+# 2*+2 2*%=9#1%/62+#1 7%66 ./ +/% "#$+3+57% .4 %?3/%66"#8 2*%<6%7,%6@ 592 /+2*%/ 2*+2

'WW C9+# D.<E#89%F



2*%= 96% <./% ./ 4%-%/ -./16 2. +$*"%,% 2*% 6+<% <%+#"#8: )# 2*"6 -+=@ -%$.971 6+= 2*+2 .9/ 3%/$%32".# "6 <+/0%1 5= .9/ <.2*%/ 2.#89%:

%T V= 1%,%7.3"#8 .9/ $.#6$".96#%66 .4 *.- 2*% 2/+_%$2./=@ <+##%/@ 4"89/%+#1 5+$08/.9#1 +/% "<37"$"2 "# 2*% ,%/56 -% 96% 2. 63%+0 .4 <.,%<%#2@ -%4"#1 .33./29#"2"%6 2. +72%/ 2*% *+5"29+7 -+= "# -*"$* -% <.,%@ +6 -%77 +62*% -+=6 "# -*"$* -% 3%/$%",% <.,%<%#2:

4T ]+$* 7+#89+8% 7%#16 "<3./2+#$% 2. 1"44%/%#2 1%2+"76 -*%# 1%6$/"5"#8 ./%?%$92"#8 +# +$2".#: )# !3+#"6*@ 4./ %?+<37%@ 1"/%$2".#6 +/% +7-+=6 8",%#1%3%#1"#8 .# 2*% ./"%#2+2".# .4 2*% 3%/6.# O/"8*2@ 7%42@ 62/+"8*2 .#T@ -*"7%"# j*"#%6% 1"/%$2".#6 +/% +7-+=6 8",%# "# /%7+2".# 2. 87.5+7 ./"%#2+2".#O#./2*@ %+62@ 6.92*@ -%62T: U,%/ 2*% $.9/6% .4 2*% -./06*.36 ) .56%/,%1 *.-1"44%/%#2 $9729/%6 3/.19$% 1"44%/%#2 +#87%6 +#1 *.- 8/.936 .4 1"44%/%#23/.4%66".#6 ./ %19$+2".#+7 5+$08/.9#16 3/.19$% 1"44%/%#2 *+5"26:;72*.98* 8%#%/+7"6+2".#6 $.#4"/< #.2*"#8@ ) 3%/$%",%1 -"2* $9/".6"2= 2*+2^9+7"2"%6 %<%/8%1 1%3%#1"#8 .# 2*% $9729/%: `*%# +# +$2".# -+6 5%"#8$+//"%1 .92 -% 6+- 3/%$"6".# +#1 2%#6".# 4/.< 2*% 3+/2"$"3+#26 4/.< X%0E#@1%7+= +#1 7.#8"#8 "# d". 1% C+#%"/.@ "# e"%##+ 2*% 7%#82*6 2*+2 2*% 3+/2"$">

3+#26 -%#2 2. +#1 2*%"/ *+5"2 .4 2*"#0"#8 2-"$% 5%4./% 2*%= 1"1 +#=2*"#8@^9"2% 2*% .33.6"2% 2. 2*.6% 4/.< Z+1/"1@ -*. 2/"%1 4"/62 +#1 2*.98*2 7+2%/:`"2*"# 2*% 3/.4%66".#6@ ) .56%/,%1 3/%$"6".# "# 2*% 1%6$/"32".# .4 +$2".#4/.< 4"7< 1"/%$2./6@ 2*% 4/%^9%#2 96% .4 <%2+3*./ 4/.< $*./%.8/+3*%/6 ./2*% 96% .4 1"44%/%#2 62=7%6 5= -/"2%/6:

8T )# 2*% %?%/$"6%6 -% -./0%1 +2 5%"#8 <./% $.#6$".96 .4 *.- -% -%/%/%3/%6%#2"#8 63+$% -*%# 63%+0"#8 "# 2%/<6 .4 +?%6 +#1 1"/%$2".#: `%<+#"397+2%1 2*% 7%,%7 .4 +-+/%#%66 5= 67"8*27= 1"62./2"#8 .9/ 63+2"+7 /%4%/>%#$%6: B./ %?+<37%@ 5= 6+="#8A H) +< $.<"#8J@ -*"7% -% -%/% -+70"#8 5+$0-+/16@ 1"62+#$"#8 .9/6%7,%6 4/.< 2*% .56%/,%/: G*% $.#47"$2 5%2-%%#*%+/"#8 +#1 ,"6".# 3/.3.6%6 +# .56%/,+2".# "# -*"$* 3%/$%32".# 1.<"#+2%6./ 1%#"%6 -*+2 +33%+/6 3/"<+/= +#1 -*+2 +33%+/6 $.#2/+1"$2./=: `"2* 2*%<+#"397+2".# .4 2*% 96% .4 7+#89+8% -% 6+- *.- ^9+7"2= .4 <.,%<%#2,+/"%1 -*%# -% $*+#8%1 .9/ 4.$96 .# 2*% 3."#2 .4 +//",+7 H8."#8 2.J@ +#12*% 3."#2 .4 1%3+/29/% H$.<"#8 4/.<J@ ./ .# 2*% 3/.$%66 H8."#8 2.-+/16J:

*T ]?3%/"<%#2"#8 -"2* *.- 7+#89+8% 3/.3.6%6 O2. 1%+7 -"2* 2"<%T 5=<%+#6 .4 2*% ,%/5+7 2%#6%@ 2. 37+$% %,%#26 "# + 2"<% 6%^9%#$%@ -% $*+#8%12*% ,%/5 2%#6%6 "# /%7+2".# 2. 2*% +$2".#6 $+//"%1 .92: )4 ) *+,% _962 _9<3%1

B/.< 2*%::: 2. 2*%::: 'Wn



+#1 ) 6+= H)o< 8."#8 2. _9<3J@ 2*% 96% .4 2%#6% $/%+2%6 + #%- <.<%#2 2*+21.%6 #.2 2+0% 37+$% "# 2*% 3+62 ./ 2*% 4929/%@ 592 "# + $.>3/%6%#$% .4 2*%

2-.: )4 ) *+,% _962 _9<3%1 +#1 ) 6+=A H)4 ) *+1 /9#pJ + 63+$% "6 .3%#%1 934./ 3.66"5"7"2= +#1 3/.5+5"7"2=:

V= <+#"397+2"#8 2*% ,%/5+7 +63%$2 O2*% ̂ 9+7"2= .4 2*% +$2".#A "2%/+2",%@ 39#$>29+7@ %2$:T -% -%/% $+3+57% .4 <+#"397+2"#8 2*% 4./< "# -*"$* +# %,%#2 "6$.#6"1%/%1 5%=.#1 "26 6"29+2".# .# + 2"<% 7"#%: G*% +63%$2 49#$2".#6 1"44%/>%#27= 1%3%#1"#8 .# 2*% 7+#89+8%A 4./ %?+<37%@ Y%/<+# *+6 #. +63%$2@-*"7% ;/+5"$ $.#$%",%6 %,%#26 <+"#7= "# 2%/<6 .4 2*%"/ +63%$2@ 4.$96"#8 .#2*% 4+$2 .4 -*%2*%/ 2*% +$2".# *+6 %#1%1 ./ #.2:

G*% $.#$%32 .4 *+33"#%66 "#2/.19$%6 2*% 3.66"5"7"2= 2*+2 2*% "#*%/%#2<%+#"#8 .4 + ,%/5 "<37"%6 2*% %#1 .4 +# +$2".# ./ #.2: !%#6+2".#6 $+# 5%8%#%/+2%1 5= 96"#8 2*% 8%/9#1",% .4 2*% ,%/5 H2. 4+77J 2*+2 "<37"%6 +# %#12. 2*% +$2".#K H4+77"#8J@ "# "26%74 1.%6 #.2 "#1"$+2% 2*% %#1 .4 2*% +$2".#@ )#2*"6 -+=@ -% $+# 37+= -"2* %?3%$2+2".#6:

`*%# 2/+#67+2"#8 4/.< .#% 7+#89+8% 2. +#.2*%/@ 2*% "#"2"+7 "<37"$"2 9#1%/>

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j*"71/%#37+= 7"0% 2*+2 + 7.2@ 1%$.#2%?29+7"F"#8 2*%"/ +$2".#6 4/.< 2*% "<<%1"+2%/%+7"2= +#1 63.#2+#%.967= "<+8"#"#8 $.#2%?26 "#,%#2%1 4./ 2*%"/ +$2".#6:

`% 4.$96%1 .# 2*% "<3./2+#$% .4 8%629/% +#1 #.#>,%/5+7 %7%<%#26 "#$.<<9#"$+2".#: `*%# -% 2/"%1 2. 63%+0 -"2*.92 96"#8 8%629/%@ .2*%/ 3+/26.4 2*% 5.1=@ 69$* +6 2*% 4%%2 +#1 2*% 4+$% 5%8+# 2. +33%+/ /%37+$"#8 *+#18%629/%6: `*%# 2*% 63%+0%/ $7.6%1 *"6 %=%6@ *"6 *+#16 -%/% 96%1 7%66: `%.56%/,%1 2*% %?+$2 /%7+2".#6*"36 "# -*"$* ,"69+7 +#1 +91". 3%/$%32".# +/%3+/2 .4 ,%/5+7 $.<<9#"$+2".#:

;2 + 3/+8<+2"$ 7%,%7@ -% 6291"%1 2*% 3."#26 .4 /%4%/%#$% .4 63%+0%/ +#17"62%#%/: `% -./0%1 -"2* 1"44%/%#2 7%,%76 .4 1%6$/"32".# 6"<972+#%.96 2.2*% <.,%<%#2A 4"/627= 5= ,"+ + 1%6$/"32".# .4 -*+2 -% -%/% 1."#8K 7+2%/

'WS C9+# D.<E#89%F



1%6$/"5"#8 -*+2 +#.2*%/ 3%/6.# -+6 1."#8 -*"7% -% $.#2"#9%1 -"2* .9/.-# +$2","2=K 2*%#@ 63%+0"#8 "# 2*% 4"/62 3%/6.# +6 "4 -% -%/% +#.2*%/

3%/6.# 1%6$/"5"#8 2*%"/ +$2".#6@ -*"7% 2*% +$2".#6 -% -%/% $+//="#8 .92-%/% 1"44%/%#2 2. 2*%"/6: G*"6 8+,% /"6% 2. + 0"#1 .4 <972"37"$+2".# .4 2*% H)J@$*+#8"#8 37+$%6 4./ "1%#2"2=@ $*+#8"#8 ,"%-3."#26@ %?+<"#"#8 *.- -% -%/%/%47%$2"#8 "# 63+$% +6 -%77 +6 "# .2*%/ 3%/6.#6 ./ .2*%/ 5.1"%6: U42%# 2..#%- 4./<6 .4 2*"#0"#8 +5.92 2*% /%7+2".#6*"3 5%2-%%# 3%/4./<%/ +#1 63%$>2+2./ -%/% 3/.3.6%1@ +6 "# + /%7+2".#6*"3 5%2-%%# 2-. -*. +/% 6%+/$*"#84./ .#% +#.2*%/@ .44%/"#8 %+$* .2*%/ 2*% 2..76 -"2* -*"$* 2. /%$.#6"1%/ .9/"1%#2"2=@ 5= <%+#6 .4 *.- -% "1%#2"4= -"2* 2*% 3."#2 .4 ,"%- 2*+2 2*% .2*%/*+6 .4 96:

95' 1-)('&& )* )%&'-0$,.)" ." ;3$",3+ ."7.($,'& ,5$, ,5' $(, )*

1'-('1,.)" ()"0'-,& &)+',5.": 1-)%$%./.&,.( E&)+',5.": ,5$, ($"

5$11'" ." 0$-.)3& 6$2&L .",) &)+',5.": -'$/ )"/2 65'" 6' )%&'-0'

.,8 ='*)-' )%&'-0$,.)" ,5'-' .& ") 7'*."'7 -'$/.,24 ., .& 5$11'".": ."

$// .,& 1)&&.%./.,.'& $, ,5' &$+' ,.+'8 95.& /'$7& 3& ,) $" ."7'*.".,'

-'$/.,2 6.,5 -'&1'(, ,) )3- *-$:+'",'7 &2&,'+ )* /):.(8 B" ;3$",3+

/):.( ,5.& .& $ 7$./2 *$(,4 6' ($""), &'1$-$,' ,5' 1).", )* 0.'6 )* ,5'

)%&'-0'- *-)+ "$,3-' ." .,&'/*8 95' )%&'-0'- $"7 )%&'-0'7 $-''+'-:.": $"7 .",'--'/$,'7 $&1'(,& )* $ ,),$//2 ."7.0.&.%/' -'$/.,28

V= 6291="#8 +77 2*% 1"<%#6".#6 2*+2 $+# 5% %#7+/8%1 +#1 ./8+#"6%1 5=7+#89+8% +#1 2*% 3.66"5"7"2= .4 $*+#8%6 2. .#%o6 62+#13."#2 ./ 62+#$%@ ).56%/,%1 + 62/.#8 /%7+2".#6*"3 5%2-%%# /%+7"2= +#1 4"$2".#@ -*"$* *+1+7/%+1= 5%%# 3/%6%#2 "# <= -./0 5%4./% 2*% 3/._%$2 *-)+ ,5'888 ,) ,5'888: B./%?+<37% "# 2*% QRRf 6.7. %#2"27%1 9)7)& /)& %3'")& $-,.&,$& 7' +. '7$7

'&,W" +3'-,)& O;77 2*% 8..1 +/2"626 .4 <= +8% +/% 1%+1T ) -./0%1 .# 2*%4"$2"2".96 $.#62/9$2".# 3/.$%66 .4 2*% 3"%$% ) -+6 $/%+2"#8: V= <%+#6 .4 +3/._%$2%1 2%?2@ ) 6988%62%1 2*+2 2*% 6"29+2".# .# 62+8% -+6 *+33%#"#8 "# 2*%4929/%@ 5= <+0"#8 /%4%/%#$% 2. 2*% 3+62@ -*"$* -+6 2*% 63%$2+2./6o 3/%6%#2:`*%# 2*% +/2"626 -*. /%3/%6%#2 2*% $*+/+$2%/6 .4 2*% 62./= +33%+/ .# 62+8%@2*%= *+,% +8%1: G*%= <+2%/"+7"6% 2*% "<+8% $.#62/9$2%1 5= 2*% 63%$2+2./6@$+329/%1 4/.< 2*% 3/._%$2%1 2%?2: )# 2*"6 3+/2"$97+/ $+6%@ 7+#89+8% 49#$>2".#6 7"0% + $*+##%7 .4 63+$% +#1 2"<%@ 8","#8 2*% 6%#6+2".# 2*+2 3/%6%#263+$% +#1 2"<% +/% +7/%+1= "# 2*% 3+62:

)# 2*% #%- 3*=6"$+7 $.#$%326 .#% -./06 -"2* 4.9/>1"<%#6".# 63+$%@

-*%/% 2*% 4.9/2* $../1"#+2% "6 2"<% +#1 "2 5%*+,%6 7"0% =%2 +#.2*%/

B/.< 2*%::: 2. 2*%::: 'Wf



63+2"+7 $../1"#+2%: ;$$./1"#8 2. 2*% /%4%/%#$% 6=62%<@ 2*% 2"<% $../>

1"#+2% $+# +1,+#$% 4+62%/ ./ 2*"6 +1,+#$% $+# 2+0% 7.#8%/@ 2"<% 5%"#8

/%7+2",% ./ 1%3%#1%#2 .# 2*% $.#1"2".#6 .4 2*% .56%/,%/: B/.< 2*%%^9+2".#6 .4 ]"#62%"#o6 2*%./= .4 8%#%/+7 /%7+2","2=@ $.#$796".#6 $+# 5%

1/+-# "# -*"$* 2"<% /%<+"#6 $.#62+#2@ "#,+/"+57%@ +#1 <+22%/ $+# 5%

1"637+$%1 63+2"+77=: OP.9/8/+9@ QRRnT:

)2 "6 $7%+/ 2. <% 2*+2 2*% 7+#89+8% %<37.=%1 <+/06 .9/ $.<3/%*%#6".#@+72*.98* 2*% "#,%/6% 3/.$%66 "6 +76. 3.66"57%@ 592 2*% 7+#89+8% +7-+=6$/%+2%6 +# %#,"/.#<%#2 2*+2 8",%6 "2 $.#6"1%/+57% 3.-%/: [+#89+8% "66.<%2*"#8 6. $.<37%? +#1 -%77 62/9$29/%1 "# "26 3/+8<+2"6< 2*+2 "# .9/1+"7= 7",%6 -% 1. #.2 2*"#0 -*+2 +#.2*%/ 96% .4 "2 $.971 3/.19$%: `*+2-.971 *+33%# "4 7+#89+8% -%/% 96%1 "# +#.2*%/ <+##%/b j.971 "2 5/"#8+5.92 + $*+#8% "# .9/ 3%/$%32".# .4 /%+7"2=@ .9/ /%7+2".#6*"3 -"2* 63+$%>2"<% +#1 .9/ -+= .4 /%7+2"#8 -"2* .#% +#.2*%/b

[+#89+8% "6 4+"/7= 62+57%@ +72*.98* %,.7,"#8 O#%- -./16 +/% +11%1 3%/".1>"$+77= 2. 2*% 1"$2".#+/=T@ 592 2. -*+2 %#1b ;1,%/2"6"#8 +#1 3.7"2"$6 2+0% .#3*/+6%6 +#1 2%/<6@ $*+#8"#8 2*%"/ <%+#"#8 ./ $*+#8"#8 .9/ /%+7"2= 5=

<%+#6 .4 -*+2 7+#89+8% "<37"%6@ 2. <+"#2+"# $.#2/.7@ 2. $/%+2% 3/.3+>8+#1+@ "# 8%#%/+7 2. $96*".# 2*% +#+7=6"6 .4 3%.37% "# 6.$"%2=@ %2$: e%/= 4%-96% 7+#89+8% "# 69$* + -+= 2*+2 "2 2/+#64./<6 .9/ $.<3/%*%#6".# +66"<37% 96%/6 .4 .9/ .-# $.<<9#"$+2".# +92.#.<=: OU$$+6".#+77= 2*"6 "6+$*"%,%1 5= <%+#6 .4 _+/8.# ./ 5= 6.<% /+33%/6 +#1 3.3 +/2"626 -*. /%"#>,%#2 2*%"/ 7+#89+8%K 2*"6 +76. .$$9/6 -"2* 3.%26 ::::T:

=2 &,372.": ,5' )-.:." )* 6)-7& 6' ($" &,$-, ,) -'0'$/ 5)6 ,5'

7.**'-'", )-.:."$/ (3/,3-'& $"7 &)(.',.'& 3"7'-&,))7 -'$/.,28 =2

$"$/2&.": ,5' )-.:."& )* )3- /$":3$:' 6' ($" $**.-+ ,5$, 6' $-'

($--2.": )3, $" $-(5$')/):.($/ &,372 )* ,5' 7.**'-'", &,$:'& )*

,5)3:5,4 :.0'" ,5$, 6' $-' 6)-A.": 6.,5 ,5' ,-$('& )* $"(.'",

/):.($/ *)-+& )* ,5."A.":8

G. 7",% "# + 6.$"%2= -*%/% %,%/=2*"#8 <962 5% 3/.19$2",%@ -%77 1%4"#%1 +#1 _962"4"%1 7%+16 2. 2*% 1"6+33%+/+#$% .4 2*% 63+$% .4 2/9% 695_%$2","2=A -*%#"#1","19+7 3.-%/ "6 1%4"#%1 +6 2*% 3.-%/ .4 2*% $.#69<%/ +#1 695_%$2","2=

5%$.<%6 2*% 7%,%/ .4 + 4+76% 1%<.$/+$=@ 2*%# 2*% .33./29#"2"%6 4./ 2*%$/%+2".# .4 + #.#>87.5+7"6%1 $.#2%?2 1"6+33%+/ /+3"17=: `"2* 4%- 3.66"5"7">2"%6 .4 3.66%66"#8 + #.#>4./<+22%1 "<+8"#+2".#@ -% 5%$.<% 2/+33%1 -"2*"#

'Wh C9+# D.<E#89%F



+ 6+1 +#1 9#"4./< 5.1= +#1 "1%#2"2=: V= $.#2"#9"#8 2. 4974"7 2*% 4"$2".#6"<3.6%1 5= 2*%6% 4/+<%-./06@ -% 7.6% 2*% $+3+$"2= 2. 4./< .9/ .-# /%+7"2=

$/%+2%1 5= .9/ 1%6"/%6@ +#1 -% %,%# 7.6% 2*% 4%%7"#8 .4 /%+7"2= "26%74:

B./ <% 2*% .#7= /%+7"2= 3.66"57% "6 -*+2 ) -.971 $+77 .+$:."'7 -'$/.,2 A +63+$% "# -*"$* =.9 $+# 62"77 4%%7 4/%%1.< +#1 2*"#0 "# 2*% 3.66"57%: ) -+#22. 392 2*"6 .+$:."'7 -'$/.,2 "#2. 3/+$2"$%@ "#2. %?3%/"%#$%:

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

Q#1 3*+6% cZ.#23%77"%/@ QRRhi

B./ *% Q#1 3*+6% .4 2*% 3/._%$2@ ) 3/.3.6%1 B/.< ,5'X,) ,5'X 2. <= 4%77.-3+/2"$"3+#26 +2 + $.77%$2",% /%6"1%#$% 3/._%$2 $+77%1 SZ'[ "# 2*% I+2".#+7j*./%.8/+3*"$ j%#2/% j%#2/. "# Z.#23%77"%/: ) -./0%1 -"2* 2*%< 4./ %"8*2-%%06 "# 6%+/$* .4 + <%2*.1.7.8= 2*+2 -.971 2/+#64./< 2*% 0#.-7%18%+#1 "1%+6 8%#%/+2%1 "# 2*% '62 3*+6% "#2. + 1"6$.9/6% 2*+2 $.971 6933./22*% $.<37%?"2= .4 2*% 695_%$2 +#1 "26 3/%4./<+2",% 3.2%#2"+7: )# 2*"6 Q#1

3*+6% .4 /%6%+/$*@ -"2* 2*% 8/.93 SZ'[@ -% $.<5"#%1 2*% 2..76 +#1 "#4./><+2".# .4 2*% '62 3*+6% -"2* 2*% .5_%$2",%6 .4 2*% Q#1 3*+6%:

`% 7..0%1 4./ +# %?3/%66".# 2*+2 -.971 5% H$.#$%329+77= "#%?3/%66"57%J@-*"$* <%+#2 2*+2 "2 $.971 #.2 #%$%66+/"7= 5% #+<%1@ 592 2*/.98* -*"$* -%$.971 <+0% 2*% _.9/#%=: G*"6 -.971 5% + 63+$% ./ %,%#2 "# -*"$* -% /%$.8>#"F% %,%/=2*"#8@ 592 -% +/% #.2 $+3+57% .4 9#1%/62+#1"#8 "2 -"2* 2*% <%$*>+#"6<6 2*+2 7+#89+8% 8/+636@ ./ 4"?%6 "# /%+7"2=:

`% -%/% /%6%+/$*"#8 + 3/+$2"$% -*%/%5= -% -%/% H$.<<9#"$+2"#8 $.<<9>

#"$+5"7"2=J@ ./ 2*% <%+#6 .4 1%$7+/"#8 2*% 3.2%#2"+7"2= .4 $.<<9#"$+2".#@-"2* #. .2*%/ $.#2%?2 2*+# 2*+2 .4 2*% /%7+2".#6*"3 5%2-%%# 3%.37% "# 2"<%+#1 /%+7 63+$%: )2 -+6 + ^9%62".# .4 3/.19$"#8 +92.#.<= .4 $.<<9#"$+>

B/.< 2*%::: 2. 2*%::: 'W(



2".# 2*+2 -.971 /%,%+7 +#1 "6.7+2% 2*% <%$*+#"6<6 .4 $.<<9#"$+2".# "#63%%$* +#1 <.,%<%#2@ -*"$* +77.-%1 96 2. +562/+$2 2*%< 4/.< 2*%"/

*+5"29+7 96%6: )# 62/9$29/+7 2%/<6@ 2*"6 3/.5+57= <%+#6 2*+2 2*% <%66+8%$+##.2 5% 1%$.1%1 6%<+#2"$+77= 592 6988%626 2*+2 2*%/% "6 + $.1%@ +<%66+8%@ +72*.98* "26 <%+#"#8 "6 #.2 $7%+/: G*% "1%+ $.#6"62%1 "# %?37./"#82*% 7"<"26 .4 $.<<9#"$+2".# "# +77 3.66"57% -+=6@ 96"#8 + $.1% 2*+2 -.971#.2 5% 4+<"7"+/ 2. 5.2* 3+/2"%6:

+T I.#>,%/5+7 $.<<9#"$+2".#

`./0"#8 -"2* #.#>,%/5+7 $.<<9#"$+2".#@ -% 6291"%1 +$$.<3+#="#8+63%$26 2. 63%%$* 2*+2 +/% #%$%66+/= "# ./1%/ 2. $.<<9#"$+2%: OX.629/%6@2*% 1"/%$2".# "# -*"$* 63%+0%/6 +/% 4+$"#8@ 1"62+#$% 5%2-%%# 63%+0%/6@ %=%$.#2+$2 +#1 8+F%@ 3*=6"$+7 $.#2+$2@ 2*% 695_%$2",% "#2%#6"2= .4 2*% ,."$%@2*%/<+7 $.1%@ .74+$2./= $.1%pT: `% $/%+2%1 +/2"4"$"+7 6"29+2".#6 2*+2 7%#2"<3./2+#$% 2. +77 2*%6% +63%$26: U9/ .5_%$2",% -+6 2. %7"<"#+2% 2*% *"%/+/>$*"%6 5%2-%%# ,%/5+7 +#1 #.#>,%/5+7 $.<<9#"$+2".#@ /%8"62%/"#8 2*%%44%$26 .4 2*% #.#>,%/5+7 4./<6 +#1 /%>./8+#"6"#8 2*% /%7+2".#6*"36 5%2-%%# 2*%<:

`% $+# %?2/+$2 + 6%/"%6 .4 $*+/+$2%/"62"$6 $.<<.# 2. +77 #.#>,%/5+77+#89+8%6: G*% %?3/%66",% 49#$2".# +33%+/6 2. 1.<"#+2% "# 2*% <+_./"2= .4 2*%<K "# 2*"6 6%#6% 2*%/% +/% 9#",%/6+7 %?3/%66".#6 .4 *9<+# 4%%7"#86 O3+"#@*+33"#%66@ 4%+/@ 69/3/"6%pT: )2 +76. 2/9% 2*+2 2*%/% +/% + 6%/"%6 .4 8%629/%6-*.6% <%+#"#8 ,+/"%6 +$$./1"#8 2. 2*% $9729/%: X+/+7"#89"62"$6 1%6$/"5%62*% 6"8#+76 2*+2 +$$.<3+#= -./16: G*% ^9+7"2"%6 .4 2*% ,."$% "#$791% 2*%$.#2/.7 .4 2*% +562/+$2 3+/+<%2%/6 $+77%1 H,.$+7 $*+/+$2%/"F+2".#6JO7+98*"#8@ $/="#8@ 6"8*"#8@ =+-#"#8pT +#1 -*+2 G/+8%/ $+77%1 H,.$+7 6%8/%>8+2%6J O++*@ <<<<@ 9444@ 999:::T ;77 2*%6% %7%<%#26 $+# /%7+2% 2. + 1%2%/><"#%1 62=7% .4 $.<<9#"$+2".# +#1 %,%# 2. + 8",%# 6.$"+7 62/+29< ./ 63+2"+77.$+2".#:

B/.< #.#>,%/5+7 $.<<9#"$+2".# -% -%/% +57% 2. 3/.19$% 1"44%/%#2 2..76@96"#8 1"44%/%#2 62/+2%8"%6: B./ %?+<37%@ -"2* ,.$+7 6%8/%8+2%6 -%%?$*+#8%1 /.7%6: ; ,.$+7 6%8/%8+2% 1"1 #.2 5%7.#8 2. + $.#2%?2@ 592 /+2*%/"2 -+6 2*% $.#2%?2 2. -*"$* -% *+1 2. /%7+2%: )# 2*"6 -+= -% 4/%%1 2*% %44%$2

4/.< 2*% $+96%@ 592 -% +76. $7+66"4"%1 2*% 1"44%/%#2 4./<6 2*+2 %+$* ,.$+76%8/%8+2% *+1 "# /%7+2".# 2. "26 $+96% +#1 -% <+#"397+2%1 2*%<: U# 2*%.2*%/ *+#1 -% /%<.,%1 2*% 2"<%>*"%/+/$*= 4/.< ,.$+7 6%8/%8+2%6@ 6. -*+2

'nR C9+# D.<E#89%F



*+33%#%1 5%4./% +#1 +42%/ 2*%< 5%$+<% 2*% 4.$96 .4 +22%#2".#: ;2 + <./%3*=6"$+7 7%,%7 .#% 3%/6.#o6 5.1= <.,%1 "# /%7+2".# 2. 2*% 6%8/%8+2% .4

+#.2*%/@ ./ ,"$% ,%/6+: `% +337"%1 $.#$%329+7 $*+/+$2%/"62"$6 .4 .#% +63%$22. +#.2*%/: V= "<37%<%#2"#8 6%8/%8+2%6 2. .9/ 8+F% ./ 2*% -+= -% 7..0@ -%3/.19$%1 + 1"44%/%#2 -+= .4 6%%"#8 2*"#86 +#1 "##9<%/+57% 3.66"5"7"2"%62*+2 "#479%#$%1 .9/ 3%/$%32".# .4 /%+7"2=:

5T !*./2>$"/$9"2

;2 2*% 5%8"##"#8 .4 2*% *-)+ ,5' X ,) ,5' X 3/._%$2@ ) "<+8"#%1 2*%3%/4./<%/ 1."#8 6.<%2*"#8 592 6+="#8 6.<%2*"#8 1"44%/%#2 2. -*+2 *%g6*%-+6 1."#8 O*% ./ 6*% 6+=6A H)o< /9##"#8J -*%# *%g6*% "6 29/#"#8T: `*%# )<%#2".#%1 2*"6 "1%+ 2. .#% .4 2*% 7"#89"626 .# 2*% '62 3*+6% .4 2*% 3/._%$2@*% 6+"1 2*+2 *% -+6 "#2%/%62%1 "# 2*% &5)-, (.-(3., 5%2-%%# 6%<+#2"$6 +#12*% 5.1=: )# 2*% Q#1 3*+6%@ -% 2/"%1 2. $/%+2% 2*%6% 6*./2 $"/$9"26 -"2*"# 2*%+$2".# "26%74: `*+2 "6 "2 2*+2 -% 4.9#1 5%2-%%# +# +$2".# +#1 "26 /%3/%6%#>2+2".#b V%2-%%# + 2*.98*2 +#1 -./1b V%2-%%# 2*.98*2 +#1 3/+$2"$%b ;#%7%$2/"$ 6*./2 $"/$9"2 .$$9/6 5+6"$+77= -*%# 2*% $"/$9"2o6 /%6"62+#$% "6 F%/.+#1 2*% "#2%#6"2= .4 2*% %7%$2/"$ $9//%#2 8.%6 2. "#4"#"2=: ) 7"0% 2*"6 %?+<37%

+6 + <%2+3*./@ 6. HF%/. /%6"62+#$%@ "#4"#"2% "#2%#6"2=J 5%$+<% + 6./2 .4 67.8+# 4./ 2*"6 3*+6% .4 2*% /%6%+/$*:

`% +76. *+,% 6*./2 $"/$9"26 "# 2*% 5/+"#A 4./ %?+<37%@ -*%# 6.<%.#% +606=.9 "4 =.9 *+,% 6%%# + 4"7< +#1 -"2*.92 2*"#0"#8 =.9 /%37= H=%6J: U/ "# 2*%#%/,.96 6=62%<A -*%# =.9 +/% ,%/= 2"/%1 +#1 =.9 -+#2 2. 1. 6.<%2*"#8@ 592 -*%# =.9 <.,% 2. 1. "2@ =.9/ 5.1= 1.%6#o2 +$2 2*% -+= =.9 -+#2 "2 2.@%"2*%/ 5%$+96% "2 "6 1."#8 6.<%2*"#8 %76% ./ 5%$+96% "2 6"<37= $+##.2 4974"7"26 "#2%#2".#:

) -+#2 2. 3/.7.#8 2*%6% 47%%2"#8 <.<%#26 "# 2"<%@ 2*%6% <.<%#26 -*%#%,%/=2*"#8 "6 1"637+$%1: G*%= *+33%# -*%# <"#1 +#1 5.1= $+##.2 +66%/2@.#7= %?3%/"%#$%:

B" 152&.(& 6' *)3"7 ." &'$-(5.": *)- ,5' *3"7$+'",$/ %3./7.":

%/)(A& ,5$, (-'$,' $// ,5' +$,,'- $"7 '"'-:2 ,5$, :'"'-$,'& )3-

-'$/.,24 ,5' *3"7$+'",$/ 1$-,.(/'& $-' '")-+)3&/2 +.@'7 318 95'&'

+)0' ()",."3$//2 $"7 %'5$0' /.A' 6$0'&8 95.& 3"73/$,.": %'5$0< .)3- )* ,5' ()"&,.,3'", '/'+'",& )* +$,,'- +$A'& ., .+1)&&.%/' ,)

'@$(,/2 /)($,' $ 1$-,.(/'4 $/)": 6.,5 &)+' )* .,& 1-)1'-,.'& &3(5 $&

B/.< 2*%::: 2. 2*%::: 'n'



0'/)(.,28 C5'" 6' ,-2 ,) 3"0'./ -'$/.,2 $(()-7.": ,) ;3$",3+ /):.(

$"7 6' +$A' $" )%&'-0$,.)"4 ,5'-' .& $ 7.&1'-&.)" )- '--)- ." ,5'

+'$&3-'+'", ."5'-'", ." ,5' ;3$",.*.'7 "$,3-' $(()-7.": ,) Y'.&'"%'-:Q& 3"('-,$.",2 1-."(.1/'4 65.(5 7)'& "), $//)6 3& ,)

$&&'-,4 )"/2 ,) '@1'-.'"(' $"7 )%&'-0'8

)# 2*%6% 3/%6%#2 2"<%6 -% $+# 63%+0 .4 -*+2 -% +/% 7","#8 +#1 $/%+2% 6"29>+2".#6 "# .9/ $9//%#2 /%+7"2=@ -*%# "2 "6 #.2 #%$%66+/= 2*+2 -% 3/._%$2.9/6%7,%6 5%$+96% -% +/% "# 2*% <"117% .4 2*% +$2".#>6%#6+2".#>3%/$%32".#:;# +-+/%#%66 .4 3%/$%32".# +33%+/6@ 592 -% 1. #.2 $*+#8% "2@ -% 7",% "26.3%##%66: `% 1. #.2 %?3%/"%#$% + $.#2/"592".#@ 592 6"<37= 2/+,%7 2. 2*%7"<"26 .4 .9/ 3%/$%32".#:

`*%# ) 63%+0 .4 + 6*./2 $"/$9"2@ 4./ <% +22%#2".# "6 1/+-# 2. 2*% 6"29+2".#$/%+2%1 5= "2: )2 "6 /%+7@ #.#>3/.19$2",%@ 592 ,%/= 3/.,.$+2",%: j+# -%%?2%#1 2*% <.<%#2 .4 + $%/%5/+7 6*./2 $"/$9"2b j+# -% 0#.- -*+2 "2 "6 2*+2-% 3%/$%",% -"2*.92 *+,"#8 + /%3/%6%#2+2".# .4 "2:b `*+2 "6 2*%/% 5%2-%%#6%#6+2".# +#1 3%/$%32".#b

; ,%/= 6"77= %?+<37% -.971 5% 2*% 2=3"$+7 3.-%/ $92: )4 "2 7+626 4./ + 4%-6%$.#16@ "2 3/.19$%6 ^9"2% + 1"44%/%#2 %44%$2 $.<3+/%1 -"2* "2 7+62"#8 4./ +4%- <"#92%6: I.2 2. <%#2".# "4 "2 %?2%#16 2. +# *.9/:!.<% .4 2*% 62/+2%8"%6 2*+2 -% 96%1 2. $/%+2% 6*./2 $"/$9"26 -%/% 1"66.$"+>2".#@ 2*% 2%<3./+/= 1"7+2+2".# .4 #.#>,%/5+7 $.<<9#"$+2".# %7%<%#26@ 2*%"77.8"$+7 96% .4 2*% 6%#6%6@ %2$:

$T !=#+%62*%6"+

G*"6 "6 +#.2*%/ 3*%#.<%#.# 2*+2 "#2%/%62%1 <% +6 + $.#$%32@ +6 "2 "6 7"#0%12. $*+#8%6 "# 2*% 62+2% .4 +-+/%#%66: G*% "1%+ .4 <"?"#8 6%#6%6 +76.3/.19$%6 + 0"#1 .4 6*./2 $"/$9"2: )4 4./ 2*.6% -*. *+,% 6=#+%62*%6"+ "2 "6.#7= 3.66"57% 2. 6<%77 3"#0@ *.- $+# -% %#7+/8% 2*% 63+$% 2*+2 "6 $/%+2%1"# + 6*./2 $"/$9"2@ "# ./1%/ 2. 3/.19$% + 6=#%62*%2"$ $/.66.,%/ .4 "#4./<+>2".#b !=#+%62*%6"+ "6 "//+2".#+7@ +33%+/6 "#62+#2+#%.967=@ "6 8%#%/+77=9#$.#2/.77+57% +#1 $+##.2 5% -+#2%1@ <%/%7= 4%72:

;77 5+5"%6 93 2. W =%+/6 .4 +8% <"? 6%#6%6@ +42%/ 2*+2 2*% 5/+"# 5%8"#6 2.1"62"#89"6* +#1 2*% 6%#6%6 +/% 6"29+2%1 "# 1"44%/%#2 3+/26 .4 2*% 5/+"#: G*+2"6 +76. 2*% +8% +2 -*"$* "# 7%+/#"#8 7+#89+8%6@ 3%/$%32".# 5%8"#6 2. 5% 7.62:

'nQ C9+# D.<E#89%F



V%4./% 2*% +$^9"6"2".# .4 7+#89+8%@ + $*"71 3%/$%",%6 93 2. (Rq <./% 2*+#+# +1972: G*/.98* 2*% %44"$"%#$= .4 7+#89+8%@ 3%/$%32".# "6 /%19$%1 2. -*+2

"6 $.#6"1%/%1 96%497: j+# -% 8. 5+$0 2. 2*"#0"#8 "# 2*% 6+<% -+= +6 + 5+5=b `%/% 2*"6 2. 5% 2*% $+6%@ -*+2 -.971 -% +$*"%,%b X%/*+36 8/%+2%/+-+/%#%66@ + <.,% +-+= 4/.< + 679<5%/"#8 6.$"%2=@ +# "#$/%+6% "# $+3+$"2=4./ +$2".#b G. -*+2 3."#2 "6 H#./<+7"2=J $.#1"2".#%1 5= 2*% 6.$"%2= "#-*"$* -% 7",% +#1 -*+2 %44%$2 1.%6 2*+2 *+,% .# .9/ 6%#6"2","2= .4 3%/$%3>2".#b

95' %-$." *./'& $6$2 ,5' '/'(,-.( .+13/&'& ,5$, -'$(5 ., *-)+ ,5'

&'"&'& ." ,5' *)-+ )* 1$,,'-"&8 >)- '@$+1/'4 ., 7)'& "), *./' $6$2 ,5' .+13/&'& *./,'-'7 %2 )3- '2'& &'1$-$,'/2 ,) ,5)&' ,5$, ()+'

*-)+ ,5' '$-&8 C.,5 ,5'&' 1$,,'-"& 6' ()"&,-3(, -'$/.,28 !& ,5'

%-$." .& $ (5$),.( $"7 ()+1/',' &2&,'+4 ,5' ."7.0.73$/.?$,.)" )*

,5'&' .+13/&'& )- &'"&$,.)"& 6)3/7 "), :.0' 3& $ ()+1/',' 1.(,3-'8

B*4 *)- '@$+1/'4 6' 6'-' ($1$%/' )* &''.": +)-' &';3'"('& 1'-

&'()"74 )- &''.": +)-' /.:5, *-';3'"(.'&4 )- &+'//.": ,5' 1$-,.(/'&

,5$, 1$&& ,5-)3:5 ,5' $,+)&15'-'4 ,5' -'$/.,2 ,5$, 6' 6)3/7

()"&,-3(, 6)3/7 %' ;3.,' 7.**'-'",4 )- +)-' ()5'-'", ,) 65$, "'6

,5')-.'& ." 152&.(& $-' /'$7.": 3& ,)8

) -+6 +76. "#2%/%62%1 "# 2*% "1%+ .4 6*+/"#8A 6*+/"#8 2*% $.#62/9$2".# .4 2*"6<%#2+7 62+2% "# -*"$* -% 2/+,%7 67.-7= 2.8%2*%/@ *.71"#8 *+#16@ -"2*.92+#= 6%#6+2".# .4 2"<%: )# "2 -% +/% #.2 6%+/$*"#8@ 592 -% 4"#1 .9/6%7,%6 "#+ 63+$% "# -*"$* -% <%%2 93 +8+"# -"2* $.<<9#"$+2".#: G*"6 "1%+ .4 6*+/"#8 %?2%#16 4/.< 2*% "#2%/1"6$"37"#+/= +#1 -./06*.3 4.$96 .4 2*% '62

3*+6%@ 2*/.98* 2*% 6*+/%1 /%6%+/$* .4 2*% Q#1 3*+6% +#1 4"#+77= -"2* 2*%

63%$2+2./6 "# 2*% k/1 3*+6%:

G*% $.#2%?2 -*"$* ) 1%,%7.3%1 "# 2*% Q#1 3*+6% +60%1 ,+/".96 ^9%62".#6+5.92 2*% 4929/% 3"%$%: `*+2 "6 2*% %?3%/"%#$% .4 2*% 3%/4./<%/6 +#1 -*+2"6 2*+2 .4 2*% 63%$2+2./6b `*+2 -"77 5% 2*% /%7+2".#6*"3 5%2-%%# 2*% 2-.b`*+2 "6 2*% 7%,%7 .4 "#2%#6"2= 2*+2 -"77 5% 3/.19$%1b `*+2 +/% 2*% +5"7"2"%6) #%%1 4/.< 3%/4./<%/6 +#1 63%$2+2./6b B./ <% "2 -+6 $7%+/ 2*+2 ) -+6 #.28."#8 2. 2/= 2. 392 +/2"626 +#1 63%$2+2./6 "# 2*% 6+<% 3.6"2".#: G*% %?3%/">

%#$% 4./ %+$* "6 .4 #%$%66"2= 1"44%/%#2: V92 $+# 5.2* 2.8%2*%/ $/%+2% 2*%%^9",+7%#2 .4 +# %7%$2/"$ 6*./2 $"/$9"2b )4 .#% *+6 2*% ,.72+8% +#1 2*% .2*%/62*% "#2%#6"2=@ %#%/8= -"77 $.<% 4/.< 2*% <.,%<%#2 5%2-%%# 2*% 2-.:

B/.< 2*%::: 2. 2*%::: 'nk



k/1 3*+6% cZ+1/"1@ X;B OZ+= g C9#%T +#1 V%/7"#OC97= g ;98962T QRR(i

`./0"#8 "# 2*% Q#1 3*+6%@ 5= <%+#6 .4 #.#>,%/5+7 $.<<9#"$+2".#@ -% 5%8+# 2. $/%+2% + 63+$% 5%2-%%# <%+#"#8 +#1 6%#6%@ 7.6"#8 6%#6+2".# "#2*% 4"/62 +#1 -"##"#8 "2 5+$0 "# 2*% 6%$.#1:

G*% 3%/4./<%/6 %?3%/"<%#2@ 2*% 63%$2+2./6 -+2$* 3%.37% %?3%/"<%#2"#8@ 592 + 6"<972+#%.96 %?3%/"%#$% .$$9/6 2*/.98* 2*% <929+7 1"6$.,%/= .4 +772*+2 $+# 5% 4.9#1 5%2-%%# <%+#"#8 +#1 4%%7"#8:

V= 3/.7.#8"#8 2*% #./<+7 3/.$%66 .4 /%$.8#"2".#@ + 63+$% .4 79$"1 1/%+<"#8"6 $/%+2%1: )# 79$"1 1/%+<"#8@ 2*% /%7+2".#6 5%2-%%# <%<./"%6 7",%1 2*+28%#%/+2% 2*% 1/%+< $.#2"#9+77= $*+#8% +#1 /%>$.#2%?29+7"6% 5%4./% 5%"#89#1%/62..1 +#1 <%<./"6%1: G*% /%+33%+/+#$% .4 <%<./"%6@ -*"7% .#% "61/%+<"#8@ *+33%# 19/"#8 2*% 3/.$%66 .4 62./+8% -*%# <%<./"%6 3+66 4/.<.#% +/%+ .4 2*% 5/+"# 2. +#.2*%/ 5%4./% 5%"#8 62./%1 3%/<+#%#27=:

G*96 2*%/% +/% 6=62%<6 2*+2 +77.- 96 2. %,.7,% "# /%7+2".# 2. -*+2 %<%/8%6

"# .9/ 3%/$%32".#: )4 2*% H62./+8% 3/.$%66J ./ +//",+7 3."#2 O.4 4%%7"#8@$.<3/%*%#6".# +#1 $.#6.7"1+2".# .4 0#.-7%18%T $+# 5% $.#2"#9+77= 3.62>3.#%1@ 2*"6 63+$% .4 39/% %?3%/"%#$% $+# 5% 2/+#64./<%1 "#2. + $.#62/9$>2",% /%+7"2=:

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d+2*%/ 7"0% <+#"397+2"#8 2*% %?3%/"%#$% .4 + /.77%/ $.+62%/: V%4./% 5.+/1"#82*%/% "6 +# %?$"2%<%#2 3/.19$%1 5= %?3%$2+2".#K 19/"#8 2*% /"1% 2*%/% "6 +#.,%/%?$"2%<%#2 3/.19$%1 5= 2*% 3*=6"$+7 %?3%/"%#$%: ;#1 7+2%/@ -*%# =.98%2 .44@ =.9 $+# .#7= $.<<9#"$+2% -"2* 8+636 +#1 63.#2+#%.96 5.1=

<.,%<%#26: `*+2 *+33%#6 -*%# =.9 3/.7.#8 2*% 2"<% 5%4./% 5.+/1"#8@-*%# =.9 $*+#8% =.9/ 62+2% 19/"#8 2*% %?3%/"%#$% +#1 -*%# +8+"# =.93/.7.#8 2*% 62+2% "# -*"$* =.9 4"#1 =.9/6%74 .# +7"8*2"#8b

'nW C9+# D.<E#89%F



B" ;3$",3+ +'(5$".(& ,5' )%&'-0'- $"7 ,5' )%&'-0'7 $-' $&1'(,&

)* $ ,),$//2 ."7.0.&.%/' -'$/.,28 95' ;3$",3+ '**'(,& $-' )"/2

1-)73('7 65'" 6' 1)&,1)"' ,5')-',.($//2 ,5' $(, )* )%&'-0.": )- ()"&,-3(,.": -'$/.,28 B" ,5' +)+'", ,5$, 6' )%&'-0'4 6' (-'$,' $

-'$/.,2 ()"&.&,'", 6.,5 )3- /):.(8 B" P(5-O7.":'-Q& ($, 1$-$7)@4 $&

/)": $& 6' 7) "), )1'" ,5' %)@4 ,5' ($, .& $/.0' $"7 7'$7 $, ,5'

&$+' ,.+'4 %3, .* 6' )1'" .,4 ,5' ($, .& $/.0' )- 7'$78

U9/ /.77%/ $.+62%/ 5%8+# 2. 7.6% 4./< 9#2"7 "2 5%$+<% +<./3*.96: )2 "6 +22*+2 <.<%#2 2*+2 -% /%+77= 6%% +#.2*%/ 96% 4./ .9/ 5%*+,".9/@ $/%+2"#8 +63+$% "# 2"<% 4./ 2*% 4/%%1.< .4 1%$"6".#><+0"#8 +#1 + $.#$%32 .4 2*%<%+#"#8 .4 1%$"6".#6:

!.<%2*"#8 6"<"7+/ 2. 6%%"#8 2-. $*"71/%# 37+="#8 ./ 63%+0"#8 +# "#,%#2%17+#89+8%: `*%# -% 7"62%# ./ 6%% +#1 -% 1. #.2 2/= 2. 9#1%/62+#1@ -% /%7+2%2. 2*% 4%%7"#8 .4 -*+2 "6 *+33%#"#8 +#1 #.2 2*% <%+#"#8: G*%= $/%+2% +#+56.792% $.1% .4 $.<<9#"$+2".# +#1 .4 #.#><%+#"#8 +2 .#% +#1 2*% 6+<%2"<%: ;6 + /%6972 6.9#16 2+0% .# +#.2*%/ ,+79% +#1 2*% 5.1= +33%+/6 4/%%4/.< $.#2%?2: ;#1 "2 "6 2*%/% 2*+2 ) -"6* 2. 37+$% 2*% 5.1"%6 +#1 <"#1 .4

2*% 3%/4./<%/6 +#1 2*% 63%$2+2./6:

)# !"#$ O2*% -./0 2*+2 /%6972%1 4/.< 2*"6 7+62 3*+6% .4 2*% 3/._%$2@ 2*/.98*2..76 +#1 1%$.#2%?29+7"6%1 $.#$%326 .4 ,%/5+7 +#1 #.#>,%/5+7 $.<<9#"$+>2".#@ 2*% $.#$%32 .4 6*./2>$"/$9"2@ 2*% /%6.#+#$% .4 6=#+%62*%6"+@ ^9+#29<<%$*+#"$6 +#1 2*% 37%+69/% .4 <+2%/"+7 2. 5% <.971%1T -% $/%+2% +#9#969+7 $*./%.8/+3*"$ <.1%7@ 2*+2 "6 #.#>/%3%2"2",% +#1 -"2*.92 3%/".1"$./1%/:

G*% -./0 -+6 +"<%1 +2 +$*"%,"#8 +/2"4"$"+7 $.#2%?26 2. 5% 2/+#6"2%1: B/.<-*"$* +# %?3%/"%#$% -.971 5% .52+"#%1: G*% 3+/+1.? .4 +/2"4"$"+7 %?3%/">%#$%:

G*% 7+#16$+3% .4 2*% -./0 "6 "#29"2",%@ +,."16 7.8"$@ + 7.8"$ 4.71%1 +-+=2*+2 #%,%/ +33%+/6: `*%/% %,%/=2*"#8 $+# *+33%# +#1 -*%/% -*+2 "6 #.24./5"11%# 6*.971 *+33%#:

G*% 2*%+2/% .3%#6 93@ 2*% 1/+<+29/8= "6 "#2%/4%/%1@ .56%/,+2".# "#$791%6"#2%/4%/%#$%6 "#2. 2*% 1=#+<"$6@ 2*%/% "6 #. 2/+"7 2. 4.77.-@ %,%/=2*"#8 "6"#$791%1 +#1 2*% <%+#"#8 .4 2*"#86 1.%6 #.2 $.#62/9$2 6.<%2*"#8 9#1%/>

B/.< 2*%::: 2. 2*%::: 'nn



62+#1+57% "# 2%/<6 .4 .9/ H%,%/=1+=J 7.8"$: ;# %?3%/"%#$% %#69%6 2*+2 "6%?3%/"%#$%1 +#+7.8"$+77= +#1 -*.6% /%6972 "6 +7-+=6 9#0#.-#:

`% 3+66 2*/.98* 2*% 2*%+2/"$+7 63+$%@ + 6%<".2"$ 37+$%@ $*+/8%1 -"2* /%4%/>%#$%6 +#1 $.#,%#2".#: `% +/% #.<+16 -*. .$$93= + 37+$%@ $.#6$".96 .4 2*% "<3.66"5"7"2= .4 2/+#64./<"#8 "26 +/$*"2%$29/%@ 592 $.#6$".96 +76. .4 2*%3.66"5"7"2= .4 $*..6"#8 2. 5% *%/%@ +2 2*"6 <.<%#2 +#1 #.2 +2 +#= .2*%/:G+0"#8 9##%$%66+/= 2"<%:

G*% ,.=+8% 67.-6 1.-#@ -% 62.3 4./ +# 9#<%+69/%1 "#62+#2 2. 6%% -*+2"#1%%1 "6 2*% -'1-'&'",$,.)"$/.,24 $.<<9#"$+5"7"2=@ "# ./1%/ 2. 3%#%2/+2%2*% $.1%@ 2. +44%$2 "2 +#1 #.2 <%/%7= 5% +44%$2%1 5= "2@ +#1 4/.< 2*"6 %?3%>/"%#$% -% _9<3 2. 2*% #%?2@ -% <.,% .#@ -% 7%+,%@ 592 -% #%,%/ +//",%: `%*+,% 7%+/#2 2. 1%3+/2:

G*% 63%$2+2./ +2 + 8",%# <.<%#2 .98*2 2. 8",% 93 6%+/$*"#8 O+# "<3976",%/%+$2".# "# 2*% 62+8% %?3%/"%#$%T +#1 +5+#1.# *"<6%74 2. 4"#1"#8: j*+#8"#82*% 1%6"/% ./"%#2%1 2.-+/16 + /%6972 O%44"$+$=T 2. $9/".6"2= ./"%#2%1 2.-+/162*% 3/.$%66 O%44"$"%#$=T "6 2*% <.62 6+2"64+$2./= .32".#:

a#$%/2+"#2= 3/.7.#86 2*% 3/.$%66 .4 /%$.8#"2".#@ 3/%1"$2".# 5%8"#6 2. 4+"7:]?3%$2+2".#6 6*.971 5% +5+#1.#%1:

G*% 63+$% $/%+2%1 -"77 3%/<"2 2*% 63%$2+2./ 2. <+0% 1%$"6".#6 +#1 4"#1 *"6.-# -+= +#1 7.8"$ 2. /%7+2% 2. H/%+7"2=J: ]+$* 63%$2+2./ -"77 $/%+2% *"6 .-#9#",%/6% 2*+2 -"77 7",% 3+/+77%7 2. 2*% 9#",%/6%6 .4 2*% .2*%/ 63%$2+2./6: ]+$*63%$2+2./ -"77 96% 1"<%#6".#6 2*+2 1%3%#1 .# *"6 ./ *%/ .-# 6%#6"2","2=:

G*"6 7+#16$+3% 3/.3.6%6 1%$"1"#8 -*%2*%/ =.9 -"6* 2. /%7+2% +#1 *.- =.9/%7+2% 2. 6"29+2".#6 "# -*"$* +# %?3%/"%#$% 3+/+77%7 2. 2*% %?3%/"%#$%6 .4 2*% 3%/4./<%/ +#1 63%$2+2./ -*. +/% 2/+,%77"#8 2*/.98* 2*"6 #.#>7.$+7"2=A4"/627= 2*/.98* +# %44%$2 -"2*.92 $+96%: G*% 4"89/%6 O3%/4./<%/6T +/% 2*%/% 592 "2 "6#o2 $7%+/ -*+2 2*%= +/% 1."#8 2*%/%@ +8+"#62 2*% 5+$01/.3 .4 2*%2*%+2/%@ #./ -*= "2 "6 2*%= +/% 1."#8 -*+2 2*%= +/% 1."#8: G*% _.9/#%=4.77.-6 2*/.98* +# "<+8"#%1 $+96% +#1 "26 "<+8"#%1 %44%$2: U# 2*"6 .$$+>6".# 2*% 5+$08/.9#1 $+# 5% 6%#6%1@ $+# 5% 4%72 "#29"2",%7=@ +72*.98* "2 "6

#.2 "# 2*% 2*%+2/%: G*% 4"89/%6@ -*. $7%+/7= /%3/%6%#2 5%"#8 "# 2*"6 "<+8">#+/= 5+$08/.9#1 .4 -*"$* 2*%/% "6 #. .2*%/ 6"8# +3+/2 4/.< 2*% 3*=6"$+76"8#6 +#1 +$2".#6 2+0"#8 37+$%@ %?3%/"%#$% + 62+2% -*"$* "6 -*+2 "6

'nS C9+# D.<E#89%F



*+33%#"#8: G*% 4"89/%6 1. #.2 /%3/%6%#2 +#= 2=3% .4 6.$"%2= ./ 92.3"+K 2*%=+/% 6"<37= 4"89/%6 "# + 62+2%: ; $.#$%329+7 3/+$2"$% %#69%6: ; #.#>+562/+$2

+#1 #.#>4"89/+2",% 3/+$2"$%: G*% _.9/#%= $.#2"#9%6 +#1 2*% "<+8"#%1 5+$0>1/.3 "6 2/+#64./<%1: B./ 2*% 4"/62 2"<% 2*% 4"89/%6 /%7+2% 2. 2*% 3/%6%#263+$% r2*% 2*%+2/%r +#1 2*%= %?3%/"%#$% "2@ 96% "2@ +5+#1.# "2@ +#1 <+0% "2/%6.9#1: ;$2".#6 +/% "#1","19+7 +6 5%4./%: G*% 4"89/%6 +/% 2.8%2*%/ "# 2*%6+<% 63+$%@ 592 +/% /%7+2"#8 _962 2*% 5+/% <"#"<9< -"2* .#% +#.2*%/@ 2*%/%"6 #. #%%1 4./ <./%: ]+$* .#% "6 $7%+/ +5.92 -*+2 *% ./ 6*% -+#26 2. 1.@2*% +$2","2= "#1"$+2%6 2*+2 2*% %?3%/"%#$% "6 <.,"#8 +#1 _962 +2 2*+2<.<%#2p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

3%+/6 +6 "2 $+<%@ 592 +8+"# #.2 +2 +# .5,".96 <.<%#2@ .#% 2*+2 1.%6 #.2/%63.#1 2. $.#,%#2".#+7 2"<%@ +6 *+6 5%%# 2*% $+6% -"2* 2*% 2"<% .4 2*%%#2"/% -./0 9#2"7 #.-: G*% -./0 "6 +#+$*/.#"62"$ 592 2*% 3/%6%#$% .4 2*%4"89/%6 +#1 2*% 69$$%66".# .4 2*% 1"44%/%#2 6"29+2".#6 4"77 2*% ,."1 -"2*<.,%<%#2:

G*% 4"89/%6 2+0% 93 2*%"/ 3/%,".96 "#1","19+7 +$2","2"%6 -*%/% 2*%= *+1 7%42.44@ +6 "4 #.2*"#8 *+1 *+33%#%1: G*%= +/% 5+$0 "# 2*% 2*%+2/%: G*%"/ 7"227%+$2".#6 2*+2 1. #.2 <+//= .#% -"2* +#.2*%/@ 2*+2 <+0% 2*% %?3%/"%#$%<.,%@ 2*+2 6"8#"4= 592 1. #.2 $.#62/9$2 + #+//+2".#@ 2+0% 37+$% 592 -"2*.927%+1"#8 "# +#= 1"/%$2".#: `"2*.92 3."#2"#8 +2 +#= 63%$"4"$ 2+/8%2: ],%/=2*"#8"6 7+1%# -"2* <%+#"#8 592 +2 2*% 6+<% 2"<% 1%,."1 .4 #+//+2",% ./1%/:G*%6% 7"227% +$2".#6 +/% 62+/2"#8 2. 5% 2/+#64./<%1 "#2. 1"44%/%#2 7%,%76 .4 /%3/%6%#2+2".# .4 .#% .4 2*% 62+2%6 .4 37%+69/%@ 6%?: X/"<"2",% .#$% <./%@ 592 -*%/% 3/%,".967= 2*% 4"89/%6 -%/% $.#62/9$2"#8 5.2* 2*% 6$%#% +#1 2*%<.2",+2".# 2. $.#62/9$2 2*"6 6$%#%@ #.- 2*% -./0 "6 "#2%#2 .# <+0"#8 2*%/%7+2".#6*"3 -"2* 2*% 3/"<"2",% <./% 6.3*"62"$+2%1: V= -./0"#8 "# +# %?3%>

/"%#$% 2*+2 8.%6 4/.< 2*% +562/+$2 2. 2*% %?37"$"2@ ,"+ 2*% 69//%+7@ 2*% $/+F=@2*% 6%#6"57% +#1 69527%@ 2*% 9#"<+8"#+57% +#1 2*% +569/1: G*"6 2/+#6"22*/.98* +77 2*%6% 7%,%76 .4 /%3/%6%#2+2".# <+0%6 2*% 63%$2+2./ %?3%/"%#$%

B/.< 2*%::: 2. 2*%::: 'nf



2*% 3/"<"2",% "# + 6.3*"62"$+2%1 -+=@ + 6.3*"62"$+2".# 2*+2 $.#2"#9%6 2.1%,%7.3 1"44%/%#2 7%,%76 .4 %?3%/"%#$"#8 37%+69/%: U#% #.2 .#7= %?3%/">

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r6963%#1%1 %,%# +2<+?"<9< 63%%1A 2*% 63%%1 .4 6.9#1@ 63%%1 .56%/,%1 5= 6.<% .4 2*%3%/4./<%/6@ + *+74 *"11%# .56%/,+2".#r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

$.#2"#9%6 6.<%-*%/%:

B" !"#$ 6' 6)-A'7 6.,5 ;3$",3+ ()"('1,& ,) -'(/$.+ ,5$, -'$/.,2

1-.)- ,) )3- ()"&,-3(,.)" %2 ,5' %-$."4 1-.)- ,) 3&.": /$":3$:' ,)

7'(.15'- .,4 65.(5 (-'$,'& 1-'*'-'",.$/ 6$2& )* 3"7'-&,$"7.":

-'$/.,28 95' *.0' 53+$" &'"&'& $-' /.+.,'74 1'-5$1& %2 $ "''7 ,)

$7$1, ,) ,5' U$-,5 $"7 ,5' P)/$- P2&,'+ 65'-' 6' /.0'4 %3, 6' 7)

"), &''4 5'$-4 ,)3(54 &+'//4 )- ,$&,' $// ,5$, 6' ()3/7 *''/8 R" ,5'

%$&.& )* ,5.& ."*)-+$,.)"4 ,5' %-$." ()"&,-3(,& .,& -'$/.,2 $"7 .,&

*)-+$/ /):.(4 $"7 *-)+ 6.,5." ,5$, /):.(4 /$":3$:' '+'-:'&8

=',6''" &'"&$,.)" $"7 1'-('1,.)" 6' *."7 )3-&'/0'& 6.,5 )3-

%-$."Q& (-'$,.)" )* -'$/.,28 Z-.)- ,) ()"&(.)3& 1'-('1,.)" ,5'-' .&

$"),5'- -'$/.,24 $ -'$/.,2 6.,5 +)-' 7.+'"&.)"& ,5$" 6' ()3/7

&'"&' $, $ :/$"('8 R3- /$":3$:' 7.0.7'& E&3%S'(,4 $(,.)" $"7 ,5'

$:'", ,5$, .& $**'(,'7 %2 ,5' $(,.)"L 65'" -'$/.,2 $.+& $, 3".*.($<

,.)"8 =$&.": )3-&'/0'& )" ()"('1,& )* ;3$",3+ +'(5$".(& 6'

6$",'7 ,) -'1-'&'", ,5$, 1/$(' ()++)" ,) $// &'"&.,.0' 1'-('1,.)"

,5$, 6' /$,'- ,-$"&/$,' .",) /$":3$:'8 C' 6$",'7 ,) (-'$,' $ -'$/.,2 "), *./,'-'7 %2 )3- *''/.":& )- %2 )3- /):.(8 953& ." !"#$ 6' *)3"7

)3-&'/0'& 6.,5 7.&,)-,'74 ")"<'@1/.(., -'$/.,.'& 6.,5 $" '+1,2 :'"'-<

'nh C9+# D.<E#89%F



$,)- )* &,-3(,3-'&4 6.,5 ,5' '"/$-:.": )* &,-3(,3-'& %2 ,5' $(, )*

)%&'-0.":4 6.,5 -'&)3"7.": $"7 ")"<-'&)3"7.": .",'-*'-'"('& ,5$,

$-' ."(/37'7 ." ,5' 1.'('4 6.,5 7.**3&.)" $"7 3"('-,$.",24 6.,5'+1,."'&& )- $%&'"('& :'"'-$,'7 *-)+ $ ")"<*-$:+'",'7 65)/'[

6.,5 5)/):-$15.( 7.+'"&.)"& 65'-' $// ,5$, ($" 5$11'" &5)3/7

5$11'"4 $"7 65'-' ,5' &1'(,$,)- $"7 ,5' $(,)-& $-' '+'-:.": $"7

.",'-<-'/$,'7 $&1'(,& )* $ ,),$//2 ."7.0.&.%/' -'$/.,28 =2 %$&.":

)3-&'/0'& )" $ ;3$",3+ -'$/.,24 ." 65.(5 ., &''+& ,5$, "$,3-'

+)0'& 1-.)- ,) %'.": )%&'-0'74 1-.)- ,) /$":3$:' $"7 ,5' &(5'+'&

)* +'",$/ /):.( ()+.": .",) 1/$2X4 )" &,$:'4 /)($/.,2 .& /)&,4 ,5'-'

.& ") ($3&'<'**'(, ()""'(,.)" $"74 $%)0' $//4 1-'7.(,.)" .& "), $

1)&&.%./.,28

G/+#67+2%1 5=A X%#%7.3% ]+1%6:

V"57".8/+3*=A !%% 3+8%:::

B/.< 2*%::: 2. 2*%::: 'n(





!"# %&'()#& *+&'#& ,(-( %*.-()('/-0#12 3*0/4(&4#'(& &#5-% *( .-()('/-0+(.% *( .(46(

34.-7 8%,%9:+

;% ,-#,#40# (5#-.(- *( 9/%&'+<4 .% !=/7 &% &/,#4% =/% .%5% &(5%-1 %* .-(>)('/-0# %4 *# =/% ( *(& (,*+9(9+#4%& ,-?9'+9(& .% *( .-()('/-0+( .% *( .(46(&% -%@+%-%A B+ ,(-'+)#& .% *(& ,-#C#9('+C(& @#-)/*(9+#4%& .% D(9=/%& 8(9(4&#5-% !%* &/E%'# =/% .%5% &(5%-1 F%4 !"#$%& !&()*+$&, -"(.#/*($#0*, .*0

1,2)&#(302,2, G ,#- %E%),*#HG )+ ,-%0/4'( %&2 9/(4.# *( .-()('/-0+( &% '-(5(> E( %4 *( &(*( 9#)# /4 ,-#9%&# &+)/*'?4%# ( *#& ,-#9%&#& 9-%('+C#& %4 .%&(>--#**# F9#-%#0-?@+9# I @#-)(*HG J9<)# ,/%.% %* .-()('/-0# 9#4'-+5/+- ( %&%'-(5(E#KG J9/?* %& %L(9'()%4'% &/ @/49+<4KG J=/7 %& %L(9'()%4'% *# =/% &/)+-(.( % +4'/+9+<4 C(4 ( %L()+4(-G 5/&9(-G (4(*+6(- # -%'%4%-K MG J=/7 %& *#=/% %&,%-(4 .%* .-()('/-0# (=/7**#& =/% %),%6(-#4 ( 5(+*(- I 9#-%#0-(@+(-

(4'%& .% *( **%0(.( .% &/ +4.(0(.#-( ,-%&%49+(K N4( .% *(& -%&,/%&'(& =/%,-#,#40#G ,-%C+( ( '#.(& %&'(& ,-%0/4'(& ,-?9'+9(& I /-0%4'%&G %&2 %* .-()(>'/-0# .%5% +),*+9(-&% ( '-(C7& .% /4( )%'#.#*#0O( !+4%L(9'(>,%-#>-+0/-#&(1=/% 4# &% 5(&% %4 %* 9#4#9+)+%4'# I %* &(5%-G &+4# %4 %* @(**#G %* %--#- I %*%--(-A B+4 #*C+.(- %&'(& ,-%0/4'(& 4+ *( ,-#,/%&'( .% '-(5(E# =/% (9(5# .%)%49+#4(-G =/%-O( %),%6(- )+ +4'%-C%49+<4 9#4'(4.# /4( P+&'#-+(A

Q+&'#-+(

;+ '-(I%9'#-+( ,-#@%&+#4(* %4 *( .(46( %),%6< %4 *( &%0/4.( )+'(. .% *(.79(.( .% *#& RS %4 *( 9+/.(. .#4.% )% 9-+7G 8+&5#(A 8#& ,-+)%-#& ,(&#&



*#& .+ &+4 (,%4(& .(-)% 9/%4'(G 9#)# !()+0#>9#*(5#-(.#-1 .%* 9#-%<0-(@#,(-( 9/(*=/+%- 9#&( =/% 7&'% 4%9%&+'(-(2 &/0%-%49+(& )/&+9(*%&G .+&9/&+<4

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

0(47 #@+9+(*)%4'% %4 \SS^G 9/(4.# .+-+0O *( -%%*(5#-(9+<4 .% 45 6#++*7 (2(8, 2( 9 1#%$, HW I ( 9#)+&(-+# .% @%&'+C(*%& F'O'/*# =/% 0(47 #@+9+(*)%4'%%4 %* \SSRG 9#4 %* 9#)+&(-+(.# .%* _%&'+C(* `4 a-(4&+'G %4 ]%-*O4HA ;+%4'-(&'(4'#G %4'-% *#& (T#& Z[R[ I Z[[bG )% .%.+=/7 '()5+74 ( %&9-+5+- 9-O'+9(&.% .(46(A M ,#&'%-+#-)%4'%G .%* \SSZ %4 (.%*(4'%G %),%97 ( 4%0#9+(- *(,#&+5+*+.(. .% 9#4C%-'+-)% %4 ,-#@%&#- .% *( N4+C%-&+.(. .% "/%C( M#-:F"MNHA 3&O =/%G &+ %4 Z[[R .%E7 .% %E%-9%- *( .-()('/-0+( ,-#@%&+#4(*)%4>'%G @/% %4 *( N4+C%-&+.(. .#4.% C#*CO ( %49#4'-(- *( .-()('/-0+( #'-( C%6AM# %49#4'-7 *( .-()('/-0+( .% 4/%C#G I *( .-()('/-0+( C#*C+< ( %49#4'-(->

)% ( )O #'-( C%6 0-(9+(& ( /4 %&'-+5+**#A

c* %&'-+5+**# %& %* &+0/+%4'%2

"# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#&

*+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A

X+ )+ ,-+)%- 9/-&# &#5-% !X-()('/-0+( cL,%-+)%4'(*1 %4 *( "MN %4 ,-+>

)(C%-( .%* \SSZA 8*%0/7 (**O .%&,/7& .% (*0# )?& .% /4( .79(.( .%.+9(.#+4'%4&()%4'% ( /4( .-()('/-0+( .% *( .(46( 5(&(.( %4 %* ,-#,+# ,-#9%&#.% 9-%(9+<4G ,-+49+,(*)%4'% 9#4 ;%0 B'/(-'G .%&.% Z[[\ ( Z[[R F,%-# '()>

5+74 9#4 _-(49+&9# d()(9P#G D#e# _+(.%+-# I f%-( ;(4'%-#HA c&'( %-( *( .-(>)('/-0+( P%9P( .O( ( .O( %4 &(*(&G '-(5(E(4.# 9#4 9#-%<0-(@#&G 5(+*(-+4%&G9#),#&+'#-%&G .+&%T(.#-%&G ,-#./9'#-%& I .%)?&A V%-# ( -(O6 .% '%4%- =/%+),(-'+- /4 &%)+4(-+# &#5-% X-()('/-0+( cL,%-+)%4'(* %4 %* X%,(-'()%4>'# .% 3-'% X-()?'+9# .% *( "MNG %&% %L'-(T# %&'-+5+**#G ,-#C%4+%4'% .%

(*0g4 -+49<4 .%&9#4#9+.#G &% @/% +),#4+%4.# ,#9# ( ,#9#A M %4 &/ +4&+&>'%4'% (@+-)(9+<4G (*0# (9%-9( .% *( .-()('/-0+( =/% 4/49( (4'%& )% P(5O(,*(4'%(.#G +5( '#)(4.# @#-)( ,#- ,-+)%-( C%6A

Z^\ 34.-7 8%,%9:+



"# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#&

*+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A "#

%&'()#& *+&'#&A "# %&'()#& *+&'#&A

B+%4.# 9#4#9%.#- .% *#& ,-#9%&#& .-()('g-0+9#& %4 *( .(46(G %4'%4.O =/%&+ =/%-O( +),(-'+- /4 9/-&# .% ,#&'0-(.# %4 .-()('/-0+(G .%5O( ,%.+- ( *#&%&'/.+(4'%& =/% .%&(--#**(-(4 /4( ,-?9'+9( .-()('g-0+9( %4 /4 9#4'%L'#,-#@%&+#4(*A 3&OG %4 *#& (T#& \SSZG \SSh I \SSbG ( *#& (*/)4#& .% !X-(>)('/-0+( cL,%-+)%4'(*1 4# &<*# &% *%& %L+0O( (&+&'+- ( *#& &%)+4(-+#& '%<-+>9#&G %4 *#& =/% '-('?5()#& .+C%-&#& '%L'#& =/% I# 9#4&+.%-(5( +4'%-%&(4>'%& ,(-( %* (4?*+&+& I %* %&'/.+# .% /4( .-()('/-0+( 9#4'%),#-?4%( 5(&(>

.( %4 *( ,-?9'+9( F%&'# +49*/I%G ,#- %E%),*#G *#& %4&(I#& .% ](-'P%& &#5-%!c* a%-9%- ;%4&(E% # B%4'+.#1G *#& '%L'#& .% Q(* _#&'%- &#5-% !c* i%'#-4#.% *# -%(*1 %4 %* (-'% 9#4'%),#-?4%#G '%L'#& .% 4/)%-#&#& .-()('/-0#&%/-#,%#& I 4#-'%()%-+9(4#&G 9#)# Q%+.+ Y+*,+4G ;(-+(44% C(4 j%-:P#C%4G;I-+() C(4 `)&9P##'G .% 9#-%<0-(@#& (9%-9( .% &/& ,-#9%&#&G 9#)# _#-&I'>P%G B'/(-'G ]%*G dP(-)('6G .% .+-%9'#-%&G 9#)# c*+6(5%'P 8%9#),'%G i+9P(-._#-%)(4G ;(''P%k Y#/*+&P I 8+4 Q+L&#4G # .% @+*<&#@#& l]%4E()+4G X%*%/>6%mHG &+4# =/% '()5+74 *#& %&'/.+(4'%& @/%-#4 +4'%0-(.#& 9#)# .-()('/->0#& %4 ,-#./99+#4%& -%(*%& =/% &% .%&(--#**(5(4 .% )(4%-( &+)/*'?4%( (*9/-&#A M *(& !,-#./99+#4%&1 .%5%4 %4'%4.%-&% (=/O %4 %* &%4'+.# )?&(),*+# .% *( ,(*(5-(2 ,#- %E%),*#G /4 (*/)4# '-(5(E< %4 %* %&'/.+# .%(-=/+'%9'/-( .% f+'# 399#49+W #'-# %4 /4( ,-#./99+<4 9+4%)('#0-?@+9(W #'-(9#4 /4 (-'+&'( C+&/(* ,(-( &/ ,-%&%4'(9+<4 %4 *( nP+'4%I ]+%44(*W #'-# %4 %*;/&%# D/.O# .% "/%C( M#-:W #'-( %4 /4 *+5-# ,(-( /4 (/'#- -%,/'(.# %4 %*)%.+# '%('-(*W I #'-#& +49*/&#G '-(5(E(-#4 9#4 (*0/4(& 9#),(TO(& %L,%-+>)%4'(*%& .% .(46( I '%('-# .%* 9%4'-# .% "/%C( M#-: F;(5#/ ;+4%&G dP(>)%9:+ 8%-4%- X(49% d#),(4IG d(&'+**# aP%('%-G I )/9P(& #'-(&HA a()5+74

P/5# 9#*(5#-(9+#4%& 9#4 )g&+9#& % +4&'(*(9+#4%& &#4#-(&G %4 #5-(& .%(-'%& C+&/(*%&G %4 #5-(& .% '%('-# )/&+9(*G %'9A c* P%9P# .% '-(5(E(- %4 ,-#>./99+#4%& -%(*%& ,%-)+'+< ( *#& %&'/.+(4'%& &/)%-0+-&% ,#- 9#),*%'# %4 /4,-#9%&# .-()('g-0+9#G (&O 9#)# 9#),-%4.%- I .%.+9(-&% ( *# =/% %* )+&)#-%=/+%-%2 /4( ,-#@/4.( +4)%-&+<4 %4 %* ,-#9%&# .% 9-%(9+<4A N4( +4)%->&+<4 @/4.()%4'(.( %4 %* P%9P# .% =/% C(& ( '-(5(E(- 9#)# /4 )(4O(9#G C(&( (I/.(-G +4'%-C%4+-G .(- +.%(&G (&+&'+-G +4C%&'+0(-G (9#4&%E(-G ,-#,#4%-UV%-# &+%),-% 9#4 %* 9#4C%49+)+%4'# .% =/% 4/49( C(& ( &(5%- &+ '#.# %&%'-(5(E# &%-? %4 (*0g4 )#)%4'# -%9#4#9+.# 9#)# $":& A MG '(* I 9#)# &/,#

(,/4'(- ;(-+(44% C(4 j%-:P#C%4 9#4 (9+%-'#G &(5+%4.# .% (4'%)(4# =/%)/I ,-#5(5*%)%4'% '/ @#'# 4# C( ( %&'(- %4 %* ,-#0-()(Ud#)# %& .% &/,#4%-G /4 9/-&# .% %&'(& 9(-(9'%-O&'+9(& -%=/+%-% /4( +),#->

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Z^h



'(4'% #-0(4+6(9+<4 ,-%C+(2 /4 &+4@O4 .% **()(>

.(&G .% 9#--%#& %*%9'-<4+9#&G I .% 9#4C%-&(9+#>

4%& ,%-&/(&+C(& ,(-( 9#*#9(- ( =/+49% .-()(>'/-0#& ,#- (T# 9#4 =/+49% (-'+&'(& Io# ,-#./9>

9+#4%& .+&'+4'(&A M .% %&'( )(4%-( +5( I# 9#4&>

'-/I%4.# )+ ,-#,+# %&'-+5+**# ,#- '%*7@#4# I

9#--%#& %*%9'-<4+9#&2 !J"%9%&+'(& /4 .-()('/->

0#K1G !Ja% 0/&'(-O( '-(5(E(- 9#4 /4 .-()('/->

0#K1G !Ja% ,/%.# #@-%9%- /4 .-()('/-0#K1G !BOG

,#- &/,/%&'# =/% '% ,/%.# %L,*+9(- =/7 %& /4

.-()('/-0#U1ZA

_+4(*)%4'%G %49#4'-()#& /4 &+'+# ,(-( 9(.(

(*/)4#2 %4 %* %&'/.+# .% (-=/+'%9'/-(G %4 *#&

,*('<& 9+4%)('#0-?@+9#&G %4 %* )/&%#G %4 %*

%&'/.+# .% (-'%& C+&/(*%&G %4 *(& &(*(& .% %4&(>

I#U V%-# %4 /4 0-/,# 9#49-%'# .% !,-#./99+#>

4%&1G (=/%* %L'-(T# %&'-+5+**# 4# '(-.(-O( %4

(,(-%9%-A M ( &/ 9#4&'(4'% (,(-+9+<4 *% &+0/+</4( %&,%9+% .% -%0*(G =/% ,#.-O( &%- (-'+9/*(.(

.% *( &+0/+%4'% )(4%-(2 9/(4'# )?& )% (9%-9(>

-( ( *(& ,-#./99+#4%& F.% .(46( # .% '%('-#H =/%

&% &/,#4O( =/7 &(5O(4 =/% %-( /4 .-()('/-0#G

9#4 )(I#- @(9+*+.(. )% %49#4'-(-O( 9#4 -%&>

,/%&'(& 9#)# %&'(&2

3,-%9+(.# V-#@%&#- 8%,%9:+G

c&'()#& %49(4'(.#& 9#4 &/ ,-#,/%&'(G

,%-# %4 %&'% )#)%4'# 4# %&'()#& *+&'#&

,(-( /4 .-()('/-0#A

Q#*( 34.-7G

p&'% %& /4 0-(4 ,-#I%9'#A X%&0-(9+(.(>

)%4'%G '%4%)#& *( &%4&(9+<4 .% =/%

'#.(CO( 4# %&'()#& *+&'#& ,(-( '-(5(E(-9#4 /4 .-()('/-0#A a(* C%6 )?& '(-.%G

J%4 (5-+*K

Z^q 34.-7 8%,%9:+

ZA "# )% -%@+%-# (*.-()('/-0# %4'%4.+.#9#)# %&9-+'#- .% #5-(&.% '%('-#G &+4# .% (*0#9#),*%'()%4'% .+&'+4'#2P(5*# .% /4 9#*(5#-(.#-=/% (I/.( ( =/% *( #5-(C(I( '#)(4.# @#-)( ( 5(&% .% '-(5(E(- 9#4E/4>'()%4'% 9#4 %* .+-%9'#-# 9#-%<0-(@# %4 %*!,*(4# .% 9#4&+&'%49+(1.% *( #5-(G (&O 9#)#&+0/+%4.# %* .%&(--#**#.%* ,-#9%&# )/I .%9%-9(A



r/%-+.# 34.-7 8%,%9:+G

B/ ,-#,/%&'( 4#& -%&/*'( )/I +4'%-%&(4'%A B+4 %)5(-0# 4# '%4%)#&

,#- (P#-( 4+40/4( ,-#./99+<4 %4 *( @(&% (.%9/(.( ,(-( -%9+5+- ( /4.-()('/-0#A Ja(* C%6 %* ,-<L+)# (T# ,#.-O()#& %49#4'-(- /4 )%E#-

)#)%4'# ,(-( %4'(5*(- %&'( 9#*(5#-(9+<4K

;& *,$#/&, 02,$&,< ;& *,$#/&, 02,$&,< ;& *,$#/&, 02,$&,< ;& *,$#/&, 02,7

$&,<

;& *,$#/&, 02,$&, +#%# *0 .%#/#$"%8&<

c&'% %&'-+5+**# &#5-% *( @(*'( .% ,-%,(-(9+<4 ,(-( *( **%0(.( .%* .-()('/-0#%& +4'%-%&(4'%G -%C%*(.#- I &+4'#)?'+9#A d#)# *%& .%9O(G 9/(4'# )(I#- %-(%* 9#4#9+)+%4'# .% *( 0%4'% 9#4'(9'(.( (9%-9( .%* -#* I *( @/49+<4 .%* .-(>)('/-0#G )%4#& ,-%,(-(.#& &% &%4'O(4 ,(-( &/ +4)+4%4'% **%0(.(A MG =/+%>-# =/% %&'# =/%.% 5+%4 9*(-#G %&'( &/,/%&'( @(*'( .% .+&,#&+9+<4 4# &% .%5O(%4 (5&#*/'# (* P%9P# .% =/% *(& ,-#./99+#4%& @/%-(4 ( -%(*+6(-&% ( )/I*(-0# ,*(6#A

c* %&'-+5+**# %4 9/%&'+<4 )% ,*(4'%< *( &+0/+%4'% #5&%-C(9+<42 &+G ,#- /4

*(.#G *( .(46( &+%),-% P( =/%-+.#G .%&%(.#G +4C+'(.#G ,%.+.# I 4%9%&+'(.#( *( .%#/#$"%82# sI *( -%=/+%-% ,#-=/% &% /'+*+6( *( ,(*(5-( .-()('/-0+(,(-( .(- 4#)5-% ( *( 9#4&+&'%49+(G &#*+.%6 I 9#P%-%49+( %&'7'+9( 0%4%-(* .%*( ,+%6( F(/4=/% *( +4'%49+<4 .% 9#P%-%49+( .%&%(.( &%(G ,-%9+&()%4'%G &%-+49#P%-%4'%HsG ,#- #'-# *(.#G ,(-%9% =/% *(& ,%-&#4(& 4# '+%4%4 '(4'( 4%9%>&+.(. 4+ +4'%-7&G 4+ &% &+%4'%4 '(4 P#&,+'(*(-+#&G %4 -%*(9+<4 ( *( **%0(.( I *(,-%&%49+( .%* .%#/#$"%8& F.% *( .(46(HA

"# %&'()#& *+&'#&A

"# %&'()#& *+&'#&A

"# %&'()#& *+&'#&A

B+ &% +.%4'+@+9( *( .-()('/-0+( 9#)# )%.+(.#-( %4 !0# .2=>)20 %*0#)2?( *($%*

*,)%2$"%# : #))2?( =>,2)# 1 F9/%&'+<4 =/% (5#-.(-7 )?& (.%*(4'%HG %* %&'-+5+>**# .% !4# %&'()#& *+&'#&1 ,*(4'%( /4( !.+@O9+* -%*(9+<41 .% #'-( 4('/-(*%6(=/% '+%4% )/9P# =/% C%- 9#4 *( ,-#,+( ,-?9'+9( .-()('g-0+9( I =/%G &%0g4)+ ,(-%9%-G C( )?& (**? .% *( ,/%&'( %4 %&9%4( # *( '-(4&@#-)(9+<4 %4

(99+<4 # )#C+)+%4'# F# 4#H .% (=/%**# =/% %&'? %&9-+'#G I C+9%C%-&(A B%-%@+%-% '()5+74G I %4 0-(4 ,(-'%G ( *(& .+@+9/*'(.%& =/% ,*(4'%( *( )%-( ,-%>&%49+( .%* .-()('/-0#G /4( %&,%9+% .% 4/5%G =/% .%()5/*( ,#- *( &(*(

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Z^b



0%4%-(4.# ( &/ ,(&# /4( (4&+%.(. 9#*%9'+C( -%&,%9'# (* 4+C%* .% ,-%,(-(>9+<4A 3P#-( 5+%4G ,-%,(-(9+<4 J,(-( =/7K t4+9( I &+),*%)%4'% ,(-( &(5%-

.% =/7 C( *( ,+%6(A

V#- *# 0%4%-(*G &% &/%*% ('-+5/+- ( *( @+0/-( .%* (/'#-o.+-%9'#- %* ,(,%* .%!(=/7* =/% &% &/,#4% =/% *# &(5% '#.#1A V%-# '()5+74 (* .-()('/-0# *%9#--%&,#4.%G ( &/ **%0(.(G %* (/-( &+)5<*+9( .% #'-( @+0/-( 9/I# '-(5(E#&% &/,#4% =/% 9#4&+&'%G ,-%9+&()%4'%G %4 !&(5%-*# '#.#1 (9%-9( .% *(#5-(A B/ **%0(.( F.%)(&+(.# '(-.%G .%)(&+(.# ,-#4'#H 0%4%-( '#.# '+,#.% (4&+%.(.%&G *# 9/(* -%C%*( (*0/4(& .% *(& '%4&+#4%& ,-#,+(& .% *( ,-?9>'+9( .-()('g-0+9(G =/% '+%4%4 )/9P# =/% C%- 9#4 %* P%9P# .% %&'(- '-(>

5(E(4.# 9#4 /4( )('%-+( &%4&+5*% I 4#-)(*)%4'% (&#9+(.( ( *(& 9#),%>'%49+(& .%* (/'#-A c&'( .+4?)+9(G ,#- 9#4&+0/+%4'%G ,*(4'%( #'-(& -%@*%>L+#4%& &#5-% *( 9/%&'+<4 .%* 4+C%* .% ,-%,(-(9+<4 =/% !-%=/+%-%41 (=/%>**(& 9-%(9+#4%& =/% &% 9#4&'-/I%4 %4 5(&% ( /4 ,-#9%&# .% +4C%&'+0(9+<4Ac4 .%@+4+'+C(G *( ,-%0/4'( %&2

Jr/+74G 9/?4.#G I ,#- =/7G %&'(-? (*0/+%4 %4 (*0g4 )#)%4'# 02,$& ,(-( %*.-()('/-0#K

_+4 .% *( Q+&'#-+(u'-# V-+49+,+#

r/+&+%-( 9+'(- .% 4/%C# %* ,(&(E% =/% &% -%9#0% %4 %* ,-#0-()( .%* !B%)+>4(-+# `4'%-4(9+#4(* .% "/%C(& X-()('/-0+(&1 I =/% I( P% )%49+#4(.# /4,#9# )?& (--+5(A

1&.*/&, *($*(.*% 0# +%3)$2)# .%#/#$@%82)# )&/& "( *A*%)2)2& .* 2($*7

%%&8#)2?( : )&/+&,2)2?( B"* $%#.2)2&(#0/*($* C# /*.2#.& 0# .2=>)20

%*0#)2?( *($%* *,)%2$"%# : #))2?( =>,2)#<

B+ %@%9'+C()%4'% *( -%*(9+<4 %4'-% #))2?( =>,2)# I *,)%2$"%# &+%),-% P( &+.#'%4&( I .+@O9+* F'(4'# %4 %* )(-9# .% &/ '%#-+6(9+<4 9#)# %4 *( +),*(4'(9+<4.% *( )+&)( ( 4+C%* ,-?9'+9#HG %&'( -%*(9+<4 &% 9#),*+9( '#.(CO( )?& 9/(4>.# 4#& (.%4'-()#& %4 %* )/4.# .% *( .%#/#$"%82# .* 0# .#(D#<

c4 *# =/% &% -%@+%-% ( %&'% 4/%C# )#.# .% 9#*(5#-(9+<4 %4 *( 9-%(9+<4 .%,+%6(& .% .(46( s)#.# 9/I#& ,+#4%-#&G I( %4 *#& (T#& RS @/%-#4G %4'-%

Z^^ 34.-7 8%,%9:+



#'-#&G i(+)/4. Q#0P% %4 &/& 9#*(5#-(9+#4%& 9#4 V+4( ](/&9P %4 %* '%--%>4# .% *( .-()('/-0+(W ;(-+(44% C(4 j%-:P#C%4 %4 &/& 9#*(5#-(9+#4%& 9#4

4/)%-#&#& 9#-%<0-(@#& @*()%49#&W I Q%+.+ Y+*,+4 (* '-(5(E(- %4 *( .-()(>'/-0+( ,(-( *(& ,+%6(& .% n+**+() _#-&I'P%s 9-%# =/%G ,(-( 9/),*+- 9#4 &/,-#)%&(G *( .-()('/-0+( 4# .%5% %&'(5*%9%- *(& -%*(9+#4%& .% !+4'%--#0(>9+<41 I !9#),#&+9+<41 %4'-% *,)%2$"%# F%4'%4.+.( 9#)# /4 &+&'%)( .%-%,-%&%4'(9+<4 /4+C%-&(*H I #))2?( =>,2)# F%4'%4.+.( 9#)# +4'%-,-%'(9+<4o-%>,-%&%4'(9+<4HA X%&.% )+ ,/4'# .% C+&'(G *( '%4&+<4 =/% (*+)%4'( I ,#&+>

5+*+'( *( .-()('/-0+( 9#)# /4( ,-?9'+9( .* *( .(46(G +#%# *( .(46( I )&( *(.(46(G %& *( '%4&+<4 =/% &% %&'(5*%9% %4'-% )g*'+,*%& +%&)*,&, .* +*(,#7

/2*($& I )g*'+,*%& +%&)*,&, .* #)$"#02D#)2?(<

M %&'( '%4&+<4 %&,%9O@+9( 0%4%-( s.%* )+&)# )#.# =/% .+(04#&'+9(s /40-(4 ,-#5*%)( ,(-( *( .-()('/-0+( .% *( .(46(A N4 ,-#5*%)( %4 %* =/% *(9/%&'+<4 &#5-% &+ %&'()#& *+&'#& # 4# %& )/I @-%9/%4'%2 ,#-=/% 5(E# %*(),*+# 9(),# .%* &+04+@+9(4'% !.-()('/-0+(1G ()5(& .+&,#&+9+#4%&G *( ,-%>,(-(9+<4 .*0 .-()('/-0# I *( ,-%,(-(9+<4 +#%# %* .-()('/-0#G %&'?4 O4'+>)()%4'% *+0(.(& ( *( 9/%&'+<4 .%* ,#E*% A

r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c& 9#)# &+ &/ ,-%&%49+( &/,/&+%-( /4( %&,%9+% .% ()%4(6(A V%-#I# )% ,-%0/4'#2 ()%4(6( J( =/7G %L(9'()%4'%K

N4( ()%4(6( ( *(& %L,%9'('+C(& (.=/+-+.(& &#5-% !=/+%4 &% &/,#4%

=/% *# &(5% '#.#1 &#5-% %* '-(5(E#>,#->C%4+-<

c&'( .+4?)+9( )% **%C( ( ,%4&(- %4 @+4(*%& .% *#& (T#& RS I ,-+49+,+#& .%*#& [SG 9/(4.# (*0/4#& 9#-%<0-(@#& %),%6(-#4 ( ,%.+-)% =/% '-(5(E(-(9#4 %**#& %4 /4( %&,%9+% .% 9#*(5#-(9+<4 =/% '#.(CO( 4# &% P(5O( 5(/'+6(>

.# .% 4+40/4( )(4%-(G ,%-# =/% &+4 %)5(-0# %**#& 9#4&+.%-(5(4 4%9%&(>-+(A B+ (*0# &(5O( %4 (=/%* )#)%4'# %-( =/% 4# '%4O( +.%( (*0/4( .% =/7 %-(*# =/% P(9O( (* '-(5(E(- 9#4 %**#&2 ,#- &/,/%&'# =/% %4'#49%& 4# &(5O( =/%

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Z^v



%&'(5( %E%-9+%4.# %* -#* .%* .-()('/-0#A M .% *( )+&)( )(4%-(G '(),#9#*#& 9#-%<0-(@#& &(5O(4 9<)# **()(-)%G %**#& '(),#9# %-(4 9#4&9+%4'%& .%

*# =/% I# %-(A V%-# 9/(4.# %),%6()#& ( '-(5(E(- E/4'#&G ( 9#*(5#-(-G '#.(&%&'(& ./.(& I ,-%0/4'(& &% @/%-#4 -%&#*C+%4.# I .+&#*C+%4.# 0-(9+(& ( *(,-#,+( ,-?9'+9(A

JcL+&'% (*0/4( -%*(9+<4 %4'-% &(5%-G 4# &(5%- I %&( &%4&(9+<4 .% %&'(- *+&'#,(-( 9-%(- /4( ,+%6(K J9/?* %& *( -%*(9+<4 %4'-% *( .-()('/-0+(G %* &%4'+-&%,-%,(-(.# I %* &(5%-K X+9P# .% #'-( @#-)(G )?& 9#49-%'(G 9#-,<-%(G % +49*/>&# ,#*O'+9(2 J9/?* %& *( -%*(9+<4 %4'-% *( ,-%&%49+( .%* .-()('/-0# %4 *( &(*(I *(& '%4&+#4%& =/% %&'( ,-%&%49+( ,/%.% 0%4%-(- %4 (=/%**#& =/% ,* ,"+&7

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o=/+%-%o4%9%&+>'(G I +&,**% F*( (/'#-O( .%H *( #5-(A

3&OG ,-#,#40# =/% *( '%4&+<4 @/4.()%4'(* %4 *( ,-?9'+9( .% *( .-()('/-0+(4# &%( *( =/% %L+&'% %4'-% (99+<4 @O&+9( I %&9-+'/-(G &+4# *( ,-%&%4'% %4'-%&(5%- I ,#&%%-A 3.%)?&G 4# %& *( .-()('/-0+( *( =/% +4+9+( %&'( '%4&+<4G&+4# %* .-()('/-0#G 9/I( &+),*% ,-%&%49+( s+49*/&# (4'%& .% &/ **%0(.(G '(*I 9#)# ,/.% 9#),-#5(- 9#4 )+& **()(.(& I 9#--%#& ,(-( 9#*#9(- ( .-(>)('/-0#& %4 #5-(& %4 ,-#9%&#s 9/%&'+#4( *( %&'(5+*+.(. .% *( (/'#-O( .%(=/%**#& =/% '%<-+9()%4'% 9#4#9%4 *( #5-(>,#->C%4+-A

3P#-( 9#),-%4.# =/% %& ,-%9+&()%4'% ( %&'# ( *# =/% '#.#& &% -%@%-O(4 (*.%9+-)% =/% (& *,$#E#( 02,$&,F 4# %&'()#& *+&'#& ,(-( %* .-()('/-0# ,#->=/% auX3fw3 4# B3]c;uB .% =/7 C( *( ,+%6( %4 *( =/% %&'()#& '-(5(E(4>.#A N4( C%6 *# &%,()#&G '%4.-%)#& (*0# =/% 9#4'(-*% (* .-()('/-0# I 7*'%4.-? (*0# =/% .%9+- &#5-% (=/%**# =/% *% P%)#& %L,*+9(.#A c4'#49%& FI&<*# %4'#49%&H ,#.-? &%-4#& .% (I/.(A N4( C%6 *# &%,()#&A N4( C%6 *#&%,()#&A c4'#49%&G %&'(-%)#& *+&'#&A

8+&'#& ,(-( %* .-()('/-0#A

Z^R 34.-7 8%,%9:+



!"#$ &'"#()(**$

B(5%-A "# &(5%-A B(5%-A "# &(5%-A B(5%-A "# &(5%-A B(5%-A "# &(5%-AB(5%-A "# &(5%-A B(5%-A "# &(5%-A B(5%-A "# &(5%-A B(5%-A "# &(5%-A

B(5%-A "# &(5%-A B(5%-A "# &(5%-A B(5%-A

"# &(5%-A

8*%0(.#& ( %&'% ,/4'#G .%5%)#& .%'%4%-4#& %4 /4( %&,%9+@+9(9+<4A N4(%&,%9+@+9(9+<4 =/% **()(-%)#& !.-()('/-0+( .% *( .(46( ( ,(-'+- .% *#&(T#& RS1A c +4+9+(-7 *( .+&9/&+<4 .% %&'% '%)( 9#4 /4( ,(-(.#E(A 8( ,(-(>.#E( %& 5+%4 9#4#9+.(2 %4 %* )+&)# )#)%4'# %4 =/% &% (T(.% %* &/@+E#!'%('-#1 ( *( .(46( ,(-( 9/(*+@+9(- (&O %* /&# .% /4 074%-# %&,%9O@+9#G *(!.(46(>'%('-#1 F=/% %& '()5+74 /4 074%-# (&#9+(.# ( /4 ,(-'+9/*(- )#.#.% ,-#./9+- I 9-%(- .(46(G .#4.% %* .-()('/-0# .% *( .(46( %49/%4'-( /4&+'+# ,#- ,-+)%-( C%6HG %& '()5+74 %* )#)%4'# %4 %* =/% *( .(46( &% 9#4>C+%-'% %4 +&,$7.%#/3$2)# A c* '%('-# %4'-( ( @#-)(- ,(-'% .%* 4#)5-% .% *(.(46( %4 %* )#)%4'# %4 =/% 7&'% &% (*%E( .%* 9#4@*+9'# .-()?'+9#A 8# =/%&+04+@+9(2 9/(4.# &% (*%E( .% /4( )(4%-( .% %4'%4.%- *( @/49+<4 '%('-(* .%*( %&9-+'/-(A

3&OG &+4 *( 9#*/)4( C%-'%5-(* .% *( %&'-/9'/-( # 4(--(9+<4 ,-%C+( (*-%.%.#-.% *( 9/(* ,/%.% .%&(--#**(-&% *( #5-( F9#)# %4 *#& '-(5(E#& .% ;(-'P( Y-(>P() .% *#& (T#& 9+49/%4'( I &%&%4'(HG # &+4 %* %E% .% /4( (5&'-(99+<4 @#->)(* F9#)# %& %* 9(&# .% ;%-9% d/44+40P() I &/ %=/+C(*%49+( %4'-% %* %&,(>9+# %&974+9# I %* %&,(9+# .%* *+%46#HG *( .(46( &% 9#4C+%-'% %4 .(46(>'%('-#(* ,-#5*%)('+6(- *( @/49+<4 /4+@+9(.#-( I &#5%-(4( .% *( *,)%2$"%# 9#)#/4# .% *#& ,-+49+,(*%& '%4&#-%& .% I %4 *( .%#/#$"%82# A

8( .(46( &% 9#4C+%-'% %4 .(46(>'%('-# 9/(4.# %* ,/4'# .% ,(-'+.( ,(-(9-%(- /4( #5-( .%E( .% &%- *( '794+9(G %* (-0/)%4'# # %* '%L'#G ,(-( ,(&(- (&%- /4 .%'%-)+4(.# 9(),# .% P%'%-#0%4%+.(.%&A d/%-,#&G C#9%&G ,(*(5-(&G&(5#-%&G +)?0%4%&G 9(.( /4# ,#5*(.# ,#- *#& #'-#&G I .+&,%-&(.# %4 %*%&,(9+# &+0/+%4.# /4( @#-)( .% '-(5(E(- '#.(CO( )?& .+&,%-&(2 9#4 ,-%>0/4'(& (5+%-'(& ,(-( *#& 5(+*(-+4%& =/% -%=/+%-%4 /4( -%&,/%&'( ,-#C+&+#>4(*G -%,-%&%4'(9+<4 *+'%-(* .% )%'?@#-(& C+&/(*%& I C%-5(*%& @-(0)%4'(.(&G%* /&# .% 9(-(9'%-O&'+9(& I 9(,(9+.(.%& +4)(4%4'%& (* 9/%-,# .% 9(.( 5(+>

*(-O4G %* 74@(&+& %4 *(& %&,%9+@+9+.(.%& ()5+%4'(*%& .% 9(.( %&,(9+#>'+%),#.% 9(.( (9'/(9+<4A 8( #5-( &/-0% .% /4( 6#4( .% 2(.*)2.2E202.#. G /4( 4%5/>*#&(G /4 C(,#-G 9(-0(.# &+4 %)5(-0# .% /4( &%-+% .% %*%)%4'#& )/I 9#4>

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Z^[



9-%'#& =/% 9#4&'+'/I%4 /4 C*$*%&8G(*& )#/+& .* .2,+*%,2?( %4 /4( (')<&>@%-( )/I 9#49-%'(A M %4 %&'( (')<&@%-( 9#4@/&( I 5#--#&( =/% (g4 (&O %&

)('%-+(* I %&,%9O@+9(G +4'%-(9'g(4 %* 9#-%<0-(@#G *#& 5(+*(-+4%&G *#& 9#*(5#>-(.#-%& I %* .-()('/-0#G '#.#& %**#& +4'%4'(4.# 4# .%&C(4%9%-&% '()5+74Ac4 #'-(& ,(*(5-(&2 *( .-()('/-0+( .% *( .(46( #,%-( %4 /4 )(-9# .% .%&>/4+<4 =/%G &+4 %)5(-0#G ,%-)(4%9% %&,%9O@+9# I %L+0% 9#P%-%49+(A M %&'(9#P%-%49+( ,-#C+%4% .% *( )('%-+(*+6(9+<4 9#49-%'( .% (99+#4%&G ,%4&(>)+%4'#&G ,(&#&G 0%&'#&G #5E%'#&G ('-%66#G C%&'/(-+#G -+')#& I '%),#&A

V%-#G J9/?* %& *( @/%-6( =/% ,/%.% (/4(- %&'( 4%5/*#&( .% .%&/4+<4 =/%=/%.( '(4 9%-9(4( ( 0# (#.# K c&'( @/%-6( 4# ,/%.% &%- #'-( =/% %* !.%&%#.% (/'#-O(1A M %&'% .%&%# &/%*% (-'+9/*(-&% .%&.% *( -%,-%&%4'(9+<4 s%&'# %&G'#.(& *(& .%9*(-(9+#4%& =/% &/%*%4 P(9%- *#& (/'#-%& +),*+9(4 /4( @/%-6(.% +),*%)%4'(9+<42 =/+%-# P(9%- /4( ,+%6( =/% (5#-.% 7&'( .*$*%/2(#.#

9/%&'+<4W # =/+%-# P(9%- /4( ,+%6( =/% '#)% 9+%-'(& #5&%-C(9+#4%&G #5&%>&+#4%& # (&/4'#& 9#)# ,/4'#& .% ,(-'+.( IG (* )+&)# '+%),#G ,/4'#& .%**%0(.(sA 3*0/4(& )/%&'-(& .% %**# &%-O(4G ,#- %E%),*#G /4( @-(&% l!"# #4%+& k('9P+401G =/% .( 'O'/*# ( /4( ,+%6( .% ;%0 B'/(-'G I ( *( C%6 %& P+*# 9#4>./9'#- .% &/ .-()('/-0+(mW /4 %&'(.# @O&+9# =/% &% 9#--%&,#4.% 9#4 /4(

9#4.+9+<4 (')#&@7-+9( l!i?@(0(12 =/% %& %* 'O'/*# ,(-( /4( ,+%6( .% _-(4>9+&9# d()(9P#G (&O 9#)# *( .+-%9'-+6 ,-+49+,(* ,(-( *( (-'+9/*(9+<4 .%*)#C+)+%4'#mW /4 ,-#5*%)( ,#*O'+9# l!C+#*%49+(1mW *( .%9#4&'-/99+<4 .% /4,-#5*%)( %&'7'+9# l!i%)#'%1G 'O'/*# .% #'-( ,+%6( .% ;%0 B'/(-'mW # *( +.%4>'+@+9(9+<4 .% /4 %&'(.# 9#-,#-(* l!)+%.#1G !(*%0-O(1G !(0#'()+%4'#1G !@-O#1G!(,%'+'#1U mA c4 .%@+4+'+C(G '(* 9#)# 9#)%4'< DA 8A 3/&'+4G &+ *#& (9'#& .+&>9/-&+C#& .%9*()(.#& ,#- /4 (9'#- %4 %* '-(4&9/-&# .% /4( @/49+<4 &#4!+4@%*+9%&1G *(& (9#'(9+#4%& &#4 &+%),-% !,%-@#-)('+C(&12 !%4'-( ,#- *(+6=/+%-.( .%* %&9%4(-+#1W !*/6 '%4/%1W !'%*<41 &#4 +),%-('+C#& =/% P(I =/%&%0/+-G =/% ,#&%%4 !@/%-6( .% *%I1A X% )(4%-( &+)+*(-G %* 9#-%<0-(@# +-?(.=/+-+%4.# (/'#-O( I &#5%-(4O( &#5-% %*%)%4'#& .% *( #5-( s,/%&'# =/%G,#- *# 0%4%-(*G *( %9#4#)O( .% *( @/49+<4 .%* (/'#- 9#4'%),#-?4%# %4 *(.(46(G (&+04( (* 9#-%<0-(@# *( -%&,#4&(5+*+.(. .% '-(4&)+'+- (* 0-/,# %&'(@/%-6( .% ,(-'+.(G *( @/%-6( .%&%(4'% F.% *( (/'#-O(Hs ( ,%&(- .% =/% 4#'%40( ,#- =/7 &%- 4%9%&(-+()%4'% (&O2 *( &#5%-(4O( .%* 9#-%<0-(@# %4 *((/'#-O( %& &<*# /4# .% *#& (&,%9'#& %4 *( %9/(9+<4 (/'#-(*A M 4# )% -%@+%-#( *( (&+04(9+<4 !.%)#9-?'+9(1 .% *( (/'#-O( F%* (P#-( '(4 @-%9/%4'% !P%9P#

%4 9#*(5#-(9+<4 9#41 =/%G &+4 %)5(-0#G 4# +),+.% &%0/+- 9#4&+.%-(4.# (*(/'#- 9#)# #-+0%4 sI ,#- *# '(4'# !(5(E# @+-)(4'%1 ( )#.# .% ,-#,+%'(-+#s.% *( @/%-6(HA ;% -%@+%-# )?& 5+%4 (* P%9P# .% =/% *( .-()('/-0+( 9#)#

ZvS 34.-7 8%,%9:+



,-?9'+9( ,-#,#4% %* .%&9/5-+)+%4'# .% =/% *, 0# &E%# *( ,> /2,/# *( =/%9#4'+%4% I ,#&%% &/ ,-#,+( &#5%-(4O(G &/& .%&%#& ,%-@#-)('+C#&G &/& (4P%>

*#& I &/& .%)(4.(&A H, 0# /2,/# &E%# 0# ."*I# : ,*I&%# .* ," ="*%D# )%*7 #.&%#< c4 %&'% &%4'+.#G %* .-()('/-0# 4# '-(5(E( ,(-( %* 9#-%<0-(@# 4+ ,(-(*#& 5(+*(-+4%& 4+ ,(-(G # 9#4G *#& 9#*(5#-(.#-%&2 '-(5(E( ,(-(G I 9#4G *( ,+%6(+4)+4%4'%A 3/4=/% 4(.+% &%,( '#.(CO( =/7 C( ( &%-A Fa#.#& *#& 0-(4.%&(-'+&'(&G +4'7-,-%'%&G .+-%9'#-%&G .+&%T(.#-%& '()5+74 9#4#9%4 %&'( C%-.(.G,%-# %& '(-%( .%* .-()('/-0# %* -%9#-.(-*# 9#4&'(4'%)%4'% ( '#.#&G 9#)#&+ .% /4( ,-%)+&( 7'+9( &% '-('(-(HA

i%'#)(4.# )+ ,-#,#&+9+<4 +4+9+(*2 %& %4 *( '%4&+<4 %L+&'%4'% %4'-% *(9(&+>4(.( 9#4'%4+.( %4 /4 .%&%# F**()7)#&*%G .%* (/'#-G ,#- (P#-(H I *(&-%(*+6(9+#4%& =/% %&'?4 (g4 ,#- C%4+- F=/% ,#.%)#& **()(- *( #5-( +4)+>4%4'%HG .#4.% #,%-( *( .-()('/-0+( .% *( .(46(A

V%-#G J.% =/7 )(4%-( #,%-( %&'( .-()('/-0+(K J9<)# @/49+#4(K J9<)#P(5+'( %&( 6#4( .% +4.%'%-)+4(9+<4 =/%G ,(-(.<E+9()%4'%G %& '(4 ,-%9+&(G9#49-%'( I -+0/-#&(K

V-%9+&()%4'%G 4# P(I 4(.( )?& 9%-9(4# (* ,-#9%&# .% !(9'/(*+6(9+<41 =/%%&'( )(4%-( .% 9#>9-%(-2 ,(-'+)#& .% /4 '%--%4# .% +4.%'%-)+4(9+<4 =/%%4)(-9( /4( &%-+% .% %*%)%4'#& )/I 9#49-%'#&A c& .%9+-G %&'( +4.%'%-)+>4(9+<4 (5(-9(2 4<./*#& ,-#5*%)?'+9#& )/I .%@+4+.#& F,#- %E%),*#G 9/%&>'+#4%& 9#-%#0-?@+9(&2 !9<)# 5(+*(- =/+%'#1 # !9<)# ,/%.%4 .#& 9/%-,#&#9/,(- %* )+&)# %&,(9+#1HW 4<./*#& (@%9'+C#& 9#49-%'#& F,#- %E%),*#G ,-#>

5*%)(& .% (@%9'#&2 !9<)# .(- 9#-,#-%+.(. (* ,?4+9#G ( *( P+&'%-+(G (* @-%>4%&O1G !9<)# 9-%(- /4 9/%-,# .% ,7-.+.(1HW # 4<./*#& -%@%-%49+(*%& F9/%&>

'+#4%& %&'7'+9(&G ,#- %E%),*#2 !9<)# ,/%.# (5#-.(- %4 %&'( ,+%6( %* 9/(>.-# .% _-(49+& ](9#4G *( %&9/*'/-( .% D#&%,P ]%/I&G /4 .%'%-)+4(.# ,(&(>

E% @+*#&<@+9#G ,#%&O( # /4 @-(0)%4'# .% /4 ,%-+<.+9#1HA

M ( ,(-'+- .% %&'( 4%5/*#&( +4+9+(* .% %*%)%4'#& I &/& -%@%-%49+(&G %& 4%9%>&(-+# 9-%(- /4 )#.# .% 9#4.%4&(9+<4G # (9'/(*+6(9+<4G .% @#-)( 9#49-%'(AN4 !(=/O I (P#-(1 .%5% %),%6(- ( '#)(- @#-)(G 9#4 /4( 9*(-( 9#4&+&'%4>9+( F(/4=/% &%( (*0# 5#--#&(G &+%),-% I 9/(4.# &%( %&'# *# =/% *( #5-( %&'?

,+.+%4.#HA c&'( '%),#-(*+.(.G %4 *( =/% &% ,-/%5(4G &% '#)(4G &% -%9P(6(4I &% -%9/,%-(4 .+&'+4'(& #,9+#4%& .% 9#4.%4&(9+<4G -%(*+6(9+<4 # -%,*(4'%>()+%4'#&G &% **()( +*%2&.& .* *(,#:& A

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA ZvZ



c4 %* '%--%4# .% *( .(46(G 9/(4.# &% %),+%6( *( .-()('/-0+( ,-?9'+9()%4>'% .%&.% *( 4(.( /4# &% .( 9/%4'( .% =/% 9(.( #5-( 9#49-%'(G 9(.( 4/%C#

,-#I%9'#G 9(.( 4/%C( ,+%6( %4 *( =/% &% '-(5(E(G 4%9%&+'( +4C%4'(- /4 4/%C#)#.# .% %L,%-+)%4'(9+<4 F# *# =/% %& *# )+&)#G /4( .+4?)+9( .% %4&(I#HG,(-( =/% *( ,+%6( =/% 4(.+% F%L9%,'# %**( )+&)( %4 &/ ('%),#-(*+.(.H &(5%9<)# 4+ =/7 &%-?G ,/%.( **%0(- ( %L+&'+-A 8( .-()('/-0+( .% *( .(46( .%5%'%4%- &+%),-% ,-%&%4'% =/% 9(.( ,+%6( %L+0% &/& ,-#,+(& )%'#.#*#0O(& I.+4?)+9(&A 3 9(.( ,+%6( *% 9#--%&,#4.% &/& )7'#.#& ,(-'+9/*(-%& .% +49#->,#-(9+<4 I (9'/(*+6(9+<4A

V#- %E%),*#

c4 %* 9#4@/&# '%--%4# .% 9#4&'-/+- *( .-()('/-0+( %4'-% /4( )/*'+,*+9+.(..% ,%4&()+%4'#& I /4( )/*'+,*+9+.(. .% -%,*(4'%()+%4'#&G *# g4+9# =/%,/%.% %&9*(-%9%- %* 9()+4# ,(&( ,#- %* (9%-9()+%4'# &/'+* ( 9(.( %*%)%4'#,%-@#-)('+C#G %4 %* &%4'+.# .% =/% C(4 '#)(4.# @#-)( .%&.% *( 4%5*+4( +4+>9+(* .% *( 9(&+>4(.(G P(&'( *( 9#49-%9+<4 .% *(& (99+#4%&A Q(I =/% ,-%&'(-(=/O ('%49+<4 ( /4 +),%-('+C# +4)(4%4'%A N4 +),%-('+C# +4)(4%4'%G /4(

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g( %4 %* '%--%4# .%*(& ,(*(5-(&G =/% ,/%.% 9-%(- /4 9(),# .% -%&#4(49+(G &/5*+)+4(* ,%-#9#49-%'#G .% !+)?0%4%& (9g&'+9(&1 # &+04+@+9(4'%&HA d(-'#0-(@O( .% 9<)#'#.#& %&'#& %*%)%4'#& %49/%4'-(4 &/ */0(-G ( C%9%& .%&.% *( 9#P%-%49+(G (C%9%& )%.+(4'% *( (.P%&+<4G #'-(& ,#- .+&,%-&+<4 # %4'-(4.# %4 9#4@*+9'#/4#& 9#4 #'-#&2 7&'( %& *( '(-%( .% *( .-()('/-0+(A c* .-()('/-0# %&'? (*&%-C+9+# .% %&'( '(-%(G '(4'# &+0/+%4.#G 9#)# P(9+%4.# =/% *(& ,-#,+(& @/%->6(& &+0(4 *(& *O4%(& =/% %**(& )+&)(& .+5/E(4A

i%9(,+'/*%)#&G *# =/% +4'%4'# %& -%,*(4'%(- *( ,-%)+&( F,-#C+&+#4(*G ( )+

)#.# .% C%-H .% *( .-()('/-0+( 9#)# ,/%4'% # )%.+(.#-( %4 *( .+@O9+* -%*(>9+<4 =/% %L+&'% %4'-% %&9-+'/-( F=/% %* ,-#0-()( .#'( .% /4 !-#* +49/%&'+#>4(5*%1 %4 *( %&9%4(H I (99+<4 @O&+9(A

Zv\ 34.-7 8%,%9:+



c4 9+%-'( )(4%-(G %&'#I .% (9/%-.# 9#4 *( ,-%)+&( &%0g4 *( 9/(* *( ,-+49+>,(* @/49+<4 .% *( .-()('/-0+( .* 0# .#(D# %& %@%9'+C()%4'% $#/E2G( *( .%

,*% +"*($* # )%.+(- %4 /4( .+@+9/*'(.A V%-# *%E#& .% ,%4&(- =/% %&% 9#4>@*+9'# &%(G ,-+49+,(*)%4'%G %* =/% %L+&'% %4'-% !%&9-+'/-( +49/%&'+#4(5*%1 I(99+<4 @O&+9(G &/0+%-# =/% *( '%4&+<4 %4 *( =/% (9'g( *( .-()('/-0+( %& *(=/% %L+&'% %4'-% "( $*%%*(& )&(=",& .* .2,+*%,2?( )&/& +"($& .* +#%$2.# :

"( $*%%*(& .* )&C*,2?( =%#8/*($#%2# )&/& +"($& =2(#0< 3.%)?&G ,#40# %*(9%4'# %4 %* .%&%# 9#)# *( @/%-6( ,-+49+,(* =/% #,%-( %4 *( .-()('/-0+(s/4 .%&%# %4'%4.+.# 9#)# #8*()2#/2*($& G %* .%&%# .% /4+- I 9#)5+4(-G .%'-(5(E(- 9#4E/4'()%4'%G .% '-(5(E(- 9#4E/4'()%4'% 9#4 *( #5-(s I ,#- *#'(4'# %&'(- (* &%-C+9+# .%* +),/*&# +4)(4%4'% .% /4( #5-( =/% ,(*,+'( 4#&<*# ,#-=/% 4#&#'-#& *# .%&%()#&G &+4# ,#-=/% *( #5-( %4 &O )+&)( %&'?.%&%(4.# **%0(-A c4 %&'% &%4'+.#G *# =/% ,-#,#40# F(/4=/% ,/%.( ,(-%9%-,#*7)+9#H %& =/% *( .-()('/-0+( 4# &% -+0% ,#- %* .%&%# .% &(5%-G &+4# ,#-*( @/%-6( .%* 4# &(5%-A

"# P(9% @(*'( .%9+- =/%G %4 %* 9#4'%L'# .% *( (99+<4 !,#&'>.-()?'+9(1G ,#-/&(- *( %L,-%&+<4 .% Q(4&>aP+%& 8%P)(4G %&'% ,-#5*%)( .% *( .-()('/-0+(.% *( .(46( &% 9#4C+%-'% %4 %* ,-#5*%)( .% /4 '%('-# =/% 4# ,(-'% .% sI

=/% ,#- '(4'# 4# ,-%'%4.% **%0(- (s 4+40/4( @/%4'% #-+0+4(-+( .% %&9-+'/-(W)?& 5+%4 (*6( %* C/%*# ( ,(-'+- .% /4 9(),# .+&,%-&# .% )g*'+,*%& #-O0%>4%&2 '%L'#&G #5E%'#&G ,(-'+9/*(-+.(.%& .%* (9'#-G 9/%&'+#4%& %&'7'+9(&G +),/*>&#& ,#*O'+9#&G /4( +)(0%4G /4 &/%T#G /4 0+-# C+-'/#&#G /4 %4#E#G /4( 9#&(G/4( ,(*(5-( #5&%&+C(G /4 (@%9'#G /4 %&,(9+#G /4 5(+*(-O4G /4 )#C+)+%4'#G0%&'#&U +49*/&#G %4 #9(&+#4%&G /4 '%L'# # '%L'#&A

V#- *# '(4'#G ,(-( %* .-()('/-0# .% *( .(46( =/% #5&%-C( ( *#& 5(+*(-+4%&/"*J*B"*$*/"*J* &+4 )?& ,-#,<&+'# =/% +4C%&'+0(- I (9'/(*+6(- (=/%**#=/% %**#& 4# &(5%4 (g4 *# =/% &%-?G *( ,-%0/4'( %&2 J9<)# '-(5(E( /4# #

+#%$2% .* "(# +0"%#02.#. .* )#,27(#.# K 8( 9/%&'+<4 9#--%*('+C( %& sI (=/OC#I ( C#*C%- (* ,-+49+,+#s2 J9<)# '-(5(E( /4# .%&.% %* (&7,#E*% K

;+ %L,%-+%49+( )% **%C( ( .%9+- =/% /4# '-(5(E( '(4'# .%&.% *( 4(.(G # 9(&+>4(.(G 9#)# .%&.% %* 4# &(5%-G # %* 9(&+ 4# &(5%-G ( 5(&% .% 9#4C%-'+-&% %4/4 ?C+.# -%9#*%9'#-G &%0/+.#- .% *( -%0*( 5%4E()+4+(4( %4 @(C#- .%* P+&'#>-+(.#- )('%-+(*+&'(2 4+ /4 &#*# %*%)%4'# # (9#4'%9+)+%4'# ,/%.% &%- 9#4&+>

.%-(.# )%4#- # +4&+04+@+9(4'% %4 %* )#)%4'# %4 =/% (,(-%9% F'(4'# ,(-(%* .-()('/-0# 9#)# ,(-( %* P+&'#-+(.#-G I %& =/% %* .-()('/-0# %4 9+%-'#)#.# (9'g( 9#)# /4 P+&'#-+<0-(@# .% *( ,+%6(HA d(.( %*%)%4'# %& ,#'%4>

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Zvh



9+(*)%4'% -%*%C(4'% ,(-( (=/%**# =/% %&'? ,#-C%4+-A 3&OG *( ,-?9'+9( .% *( .-()('/-0+( .% *(

.(46( &% .( 9/(4.# &% (,-%4.% ( /4+- /4 9g)/*#

.% )g*'+,*%& %*%)%4'#& I (9#4'%9+)+%4'#&G )(I#>-%& I )%4#-%&G =/% &% C(4 &/9%.+%4.# %4 %* '+%)>,# &+4 (4/49+(- &/ 0-(.# .% -%*%C(49+(A c&'( %&/4( .% *(& ,-+49+,(*%& -(6#4%& ,#- *( =/% *( .+&>'(49+( 9-O'+9( ,(-( *( .-()('/-0+( .%5% &%- .% /4(,-#L+)+.(. (5&#*/'(2 ,#-=/% /4( .+&'(49+( *%E(4(%*+)+4( *# )%4#- I *# )+9-#&9<,+9#A

V%-#G J9<)# &% %4&()5*(K N4( C%6 )?&G '#)(4.# %*!4#>&(5%-1 4# 9#)# /4( 9#4.+9+<4 =/% P(I =/%&/,%-(-G 9/5-+-G -%,-+)+-G # ,#- *( =/% .%5()#& ,-%>#9/,(-4#&G &+4# 9#)# /4 )7'#.# ( &%0/+- -+0/-#>&()%4'% P(&'( &/& g*'+)(& 9#4&%9/%49+(&A 8# =/%D#&7 Y+* %&9-+5+< %4 %* 9/%-,# .%* 5(+*(-O4 ,/%.% &%-(,*+9(.# ( *( .-()('/-0+( .% *( .(46( %4 0%4%-(*2

c* .%&%# 9-%( !%4&()5*(E%&1A V%-# %* )#C+>)+%4'# P(9+( %&#& %4*(9%& &+%),-% (5-%

9()+4# ( 4/%C#& %4&()5*(E%&A M %&'# %&

,#-=/% %* .%&%# 4# &% (0#'( %4 &/ )+&)(

&('+&@(99+<4G &+4# =/% 9-%9% %4&()5*?4.#>

&% .% 4/%C#A M '#.#G ,(-( 9-%(- 4/%C(&

9#4%L+#4%& %4'-% )('%-+(*%& P%'%-#074%#&G

%&'(5*%9%- 4/%C#& CO49/*#&G #'-(& CO(& ,(-(

9(4(*+6(- *( %4%-0O(W 9#4%9'(-G ,#4%- %4

-%*(9+<4G P(9%- &+)5+#&+&G ,-#C#9(- =/%

(*0# #9/--(G 9-%(- )?=/+4(&G )%9(4+&)#&G

(-'+9/*(9+#4%&2 %&'# %& *# =/% &+04+@+9(

%4&()5*(-A cL+0+- 9#4&'(4'% % +49%&(4'%>

)%4'% 4/%C(& -%*(9+#4%&\A

V(-( 9#49*/+-

c4 /4( #9(&+<4 c/0%4+# ](-5( ,-#,/&# /4( 5/%4(.%@+4+9+<4 .% .-()('/-0+(G .(.# &/ %*%C(.# 74@(>

Zvq 34.-7 8%,%9:+

\A D#&7 Y+*2 !V(-(.#L+9(*

]#.I1 aXioaP% X-()(i%C+%kG n+4'%- \SS^Gf#*A bSG "#A q FaZ[\H2\Z>hb FKLM %& /4(-%C+&'( '-+)%&'(* =/%'-('( &#5-% *#& 9#4'%L'#&&#9+(*G %9#4<)+9# I ,#*O>'+9# .% *(& (-'%& %&97>4+9(& 9#4'%),#-?4%(&G,#4+%4.# /4 74@(&+&%&,%9+(* %4 *#& '-(5(E#&

%L,%-+)%4'(*%&G +4'%-9/*>'/-(*%&G +4'%-.+&9+,*+4(>-+#& I C(40/(-.+&'(&HA



&+& ,%-@#-)('+C#G )?& =/% P%-)%47/'+9#2 !*( .-(>)('/-0+( %& .%#/#7*%8&(F %* '-(5(E# .% *(& (99+#>

4%& %4 *( (9'/(9+<41A

3/4=/% ](-5(G %4 /4 5-%C% '%L'# &#5-% .-()('/->0+( %4 H0 #%$* ,*)%*$& .*0 #)$&% G %4@('+6( *# '%L'/(* %4*( .-()('/-0+( F&+ %&( '%L'/(*+.(. ,-%9%.% ( *((99+<4 # %& %&9-+'( ( ,(-'+- .% *( (99+<4HG I# /&# (=/O( ](-5( ,(-( +*/&'-(- E/&'()%4'% 9<)# &#4 ( )%4/>.# /&(.#& *#& '%L'#& I %&9-+'#& %4 *( .-()('/-0+(.% *( .(46( # *( "(# .%#/#$"%82# .* *0*/*($&,

#$/&,=G%2)&, .2,+*%,&, # *( "(# .%#/#$"%82# B"*

(& ,#E*A c&'# %&2 *%%?(*#/*($*A

8( ,-?9'+9( .% %--(-G 9-%#G ,/%.% (T(.+- /4 0+-#.+@%-%4'% ( *( ,-%)+&( .%* '%L'# +4'-#./9'#-+# .%%&'#& %49/%4'-#&G =/% %4 &/ 9#49*/&+<4 (@+-)(2

"# #5&'(4'%G *( %&9-+'/-(G %4 9/(4'# 9#4>

9%,'# I %4 9/(4'# ,-?9'+9(G &+0/% 9/)>,*+%4.# /4( @/49+<4 +49/%&'+#4(5*% %4 %*

%E%-9+9+# .-()('g-0+9#A Jd<)# &% -%*(9+#>

4( *( %&9-+'/-( C%-5(* 9#4 *( (99+<4 9#-,#>

-(*K Jd<)# &% (5#-.( *( '-(./99+<4 I *(

&/,%-,#&+9+<4 .% *#& 9<.+0#&K Jd<)#

(@-#4'(- %* %4)(&9(-()+%4'# .% *# %&9-+'#

%4 *# C%-5(*Kh

c--(- .%4'-# .% *#& '%L'#& 4#& ,%-)+'% %L'-(%- .%%**#& !,#&+5+*+6(9+#4%&1 =/% .% #'-( @#-)( =/%>.(-O(4 %&9#4.+.(&G -%,-+)+.(& # 9%4&/-(.(&G 5(E#%* +),%-('+C# .%* !5/%4 /&#1A

V#- '(4'#G (T(.# (P#-( ( ](-5( s*( .-()('/-0+(9#)# %* '-(5(E# .% *(& (99+#4%&G &OG ,%-# &<*# &+P(9% =/% *(& (99+#4%& '-(5(E%4s %--<4%()%4'%A

c& *( '(-%( .%* .-()('/-0#G I ,(-'+9/*(-)%4'% .%*.-()('/-0# .% *( .(46( F)% -%@+%-# (=/O (* '%--%>

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Zvb

hA d+'( 9#4'%4+.( %4 %*,-#0-()( .%* B%)+4(-+#`4'%-4(9+#4(* &#5-%"/%C(& X-()('/-0+(&G9%*%5-(.# %4 ;/-9+( .%*\h (* \R .% "#C+%)5-%.% \SS[A



4# .% *# ,-?9'+9#G %&'# %&G 9#)# 9#*(5#-(.#- %4 *( &#)5-( ,(-( /4( ,+%6(9/I( 9#4&+&'%49+(G I ( C%9%& +49*/&# 9/I# !'%)(1 %&'?4 (g4 ,#- C%4+-H *( .%

('%4.%- ( '#.(& (=/%**(& (99+#4%& =/% %&'?4 &+%4.# 9#4&'(4'%)%4'% 9-%(>.(&G 9#4&'(4'%)%4'% ,-#,/%&'(& ,#- 9(.( /4# .% *#& %*%)%4'#& =/% 9#>9-%(4 *( ,+%6(A `49*/&# 9/(4.# &% P(4 9-%(.# &+4 %&9-+'/-( 4+ '%L'#A

V#- 9#4&+0/+%4'%G *#& #5E%'#&G *( '%),%-('/-(G /4 )#)%4'# .%* .O(G '()5+74.%5%4 &%- 9#4&+.%-(.#& (99+#4%&A "# %4 '(4'# =/% #,%-(9+<4 )%'(@<-+9( #,#7'+9( F!C%-*# 9#)#1H &+4# )%.+(4'% /4( )/I 9#49-%'( 9#),-%4&+<4 .%*P%9P# =/% *(& 9#&(&G *#& #5E%'#& I *( '%),%-('/-( #)$@#(A c4 %* (9#4'%9%-.% *( .(46(G '#.#& *#& %*%)%4'#& )%*#( I ,&( (9#4'%9+)+%4'#&A c& 9/%&'+<4.% %4'%4.%- &/ )#./*(9+<4G .% -%9#0%- *(& 9/(*+.(.%& (.%9/(.(& # +4(.%>9/(.(& ,(-( *( ,+%6( ,#- C%4+-A 8( )#./*(9+<4 .% /4 0%&'#W *( )#./*(9+<4.% /4 9#*#-W *( )#./*(9+<4 .% /4 ,#%)(W *( )#./*(9+<4 .% /4 #5E%'#A

399+#4%&G +4'%-(99+#4%&2 *#& #5E%'#& (9'g(4G *#& 5(+*(-+4%& (9'g(4G %* 9#-%<>0-(@# I %* .-()('/-0# I '#.#& *#& .%)?& (99+#4(4 I -%(99+#4(4A M ( '-(C7&I ( ,(-'+- .% %&'% 9(),# -%(9'+C#G 4# '(4'# /4 '%L'#G ,%-# &O /4( '%L'/-(G%),+%6( ( '%E%-&%G ( %4'-%'%E%-&%G ( &/'/-(-A 3*0# &/,%-@+9+(* 9#)+%46( (

%)%-0%- s/4( ,+%*G /4( C+5-(9+<4G /4( (')<&@%-(A d(.( %*%)%4'# C( %49#4>'-(4.# &/ */0(-s ( C%9%& .% )(4%-( %&,#4'?4%(G #'-(& (* 9(5# .% )%&%& .%9#49('%4(9+<4A

c--(4.#A c--(4.#A c--(4.#A

d/(4.# P(5*# .%* %--#-G 4# )% -%@+%-# (* P%9P# .% @-(9(&(-A "# ,-#,#40#/4( ,#7'+9( # %&'7'+9( .%* @-(9(&# F(/4=/% (*0/4#& .% )+& O.#*#& )?& (.)+>-(.#& %4 *( %&9%4( (9'/(*G 9#)# Y#(' `&*(4. %4 c&'(.#& N4+.#&G # _#-9%.c4'%-'(+4)%4' %4 %* i%+4# N4+.#G %&'74 %@%9'+C()%4'% +4'%-%&(.#& %4 (9'+>C(- %* @-(9(&# %4 *( -%,-%&%4'(9+<4 I %4 *( -%,-%&%4'(9+<4 .%* @-(9(&#HA V%-#*# =/% ( )O )% +4'%-%&( %& /4( ,#*O'+9(G /4( %&'7'+9( # /4( ,#7'+9( .%* *%%#%<

X% ,%-.%-&%G .% &(*'(-&% *( )(-9(G .% 9(*9/*(- %--<4%()%4'%A X% 4# &(5%-P(9+( .<4.% +-G ,%-# I%4.# ( ,%&(- .% '#.#A

B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A

B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A

B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A B+4 &(5%-A

"(.( )?& ('%--(.#-A

Zv^ 34.-7 8%,%9:+



V%-# %&% $*%%&% 9#4'+%4% I( %* 4#)5-% .% *( @/%-6( @/0+'+C( =/% 4#& #9/,(2*%%&% A M %& ,-%9+&()%4'% %&'( ,-%#9/,(9+<4 *( =/% ('(9( (* .-()('/-0# %4

&/ *(5#- .+(-+(A c& .% *# =/% &% *% (9/&( 9#4&'(4'%)%4'% (* .-()('/-0#2 .%9#)%'%- /4 %--#-G .% 4# )+-(- (.%9/(.()%4'%G .% 4# 5(+*(- 9#--%9'()%4>'%G .% 4# '#)(- *(& .%9+&+#4%& (9%-'(.(&G .% 4# du"udci 5+%4 *( ,+%6(U

3,-%4.%- 9<)# (@-#4'(- %&'(& (9/&(9+#4%& (9%-9( .%* 4#>&(5%- &#4 *#&-+'#& .% ,(&# &%9/4.(-+#& ,#- *#& =/% '+%4%4 =/% ,(&(- '#.#& *#& .-()(>'/-0#&G %4 %* .%*+9(.# )#)%4'# .% *#& -%,*(4'%()+%4'#&G 9/(4.# %* %&'-%>4# %& +4)+4%4'% I *( ,+%6( &% -%&+&'% % +4&+&'% %4 ,%-)(4%9%- 9#4@/&(Ud+%-'()%4'%G I# P% C+C+.# )#)%4'#& %4 =/% *#& 5(+*(-+4%& )% P(4 ,%.+.#F)% P(4 %L+0+.#H 5(+*(- *( &%99+<4 =/% I# *%& .%9O( =/% !4# )% 9#4C%49O(1A3&O =/% '% ,*(4'(& (PO (--+5(G 9#4 ,+4'( .% %&'g,+.# ,#-=/% ,#- &/,/%&'#4# &(5%& 9<)# 5(+*(-G '#.# %* )/4.# &% -O%G I %4'#49%& &% ,/%.% &%0/+- '-(>

5(E(4.#A

V%-# .%&.% )+ ,/4'# .% C+&'(G %4 %* '-(5(E# 9#)# .-()('/-0# .% *( .(46(G%* '%--#- .% 4# &(5%- %& &<*# /4#A M %& %&,%9O@+9# ,(-( 9(.( 4/%C( ,+%6(G,#- *# =/% %& 4%9%&(-+# (5#-.(-*# /4( I #'-( C%6A c* '%--#- .% 4# &(5%-G

J=/7K

c* '%--#- .% 4# &(5%- 9<)# (I/.(- ( *( #5-( ( P/+- .%* 9*+9P7A

i%9#-.%)#& (=/O *( #5&%-C(9+<4 =/% Y+**%& X%*%/6% P(9% %4 &/ *+5-# N?827

)# .*0 O*($2.& &#5-% %* .-()( .%* ,+4'#- (4'% %* *+%46# 5*(49#G C+-0%4G 9/(4>.# %&'? ( ,/4'# .% P(9%- %* ,-+)%- '-(6# .% /4( 4/%C( ,+4'/-( F/4 .-()(=/% '()5+74 -%9#4#9% %* %&9-+'#- (4'% *( ,?0+4( %4 5*(49#G %4 %* )#)%4'#,-%C+# ( *( ,-+)%-( *%'-( .% /4( #5-( ,#- %&9-+5+-&%W /4 .-()( =/% '()5+74%& %* .%* 9#-%<0-(@#G 9/(4.# ,#4% *#& ,+%& %4 *( &(*( 0-(4.% I C(9O( I %&'?( ,/4'# .% P(9%- %* ,-+)%- ,(&#G 0%&'# # &%9/%49+( .% )#C+)+%4'# ,(-( /4(,+%6( 4/%C( s8( i+5#' P(5*( ( )%4/.# .% %&'% .-()(G f%-( ;(4'%-# '()>

5+74HsG X%*%/6% 4#& -%9/%-.( =/% %&'% .-()( 4# &% .%5% (* P%9P# .% =/% %**+%46#G *( ,?0+4( # *( &(*(G %&'74 f3dwuB I .%5(4 **%4(-&%A c* .-()( I %*'%--#- ,-#C+%4%4 .%* P%9P# .% =/% %&% (,(-%4'% %&,(9+# C(9O# %&'? '#.#d3iY3XuG Vic>d3iY3XuG %*+0*$& 9#4 +44/)%-(5*%& d8`dQpB2 =/% '+%4%4=/% &%- .%&%9P(.#&G (4'%& =/% 4(.(A

c&'# %& ,(-'+9/*(-)%4'% +),#-'(4'% %4 .(46(G .#4.% %* 9/%-,# .%* 5(+*(-O4P( &+.# 9(-0(.# 9#4 '794+9(& I 0%&'#& =/% ,(-%9%4 %&'(- *+&'#& ,(-(G P%9P#&

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Zvv



(* &%-C+9+# .% /4( 9+%-'( ,-%>9#49%,9+<4 .% *# =/% %& F# .%5% &%-H /4( ,+%6(.% .(46(A

c&'% %& %* .-()( o %&'% %& %* '%--#-2 4# &(5%- 9<)# 5#--(- *# =/% %)5(./->4( %* 9/%-,#G # **%4( *( ,+%6( =/% %&'? '#.(CO( ,#- %L+&'+-G 9#4 9*+9P7&A

8( %&'-('%0+( =/% X%*%/6% ,-#,#4%G &+ *# -%9#-.()#&G %& *( .% 9#4&+.%-(- *(4#9+<4 .% .+(0-()( .% _-(49+& ](9#4 ,(-( +*/&'-(- 9<)# %* ,+4'#- ('(9( %**+%46#G *# )(49P(G .+@/)+4(G -(&9(G -(I(G %)5#--#4(A c4 %* *+%46#G %&'(&(99+#4%& (5-%4 /4 %&,(9+# =/% ,#- *# )%4#& .%*+)+'( #'-#& 9(),#& .% +&,27

E202D#)2?( ,(-( =/% 4/%C#& '-(6#& I @#-)(& %49/%4'-%4 /4 */0(-A 8# )+&)#,/%.% .%9+-&% .% *(& ,(*(5-(& .%&,%E(4.# %* ,(,%*A B% %&'(5*%9% (=/O /4(&+&'%)?'+9( -%(*+)%4'(9+<4G &%0g4 *( 9/(* )(4#G #E#G )%4'%G (6(-G 9#49%,>'#&G '#.# &% @/&+#4( %4 /4( .%&'-/99+<4 9#4&'-/9'+C( 9#49-%'(2 .#4.% *(&)(-9(& I &%T(*%& .%@+4%4 /4 )(,%# ,(-( /4( %&9-+'/-( .+&'+4'(G =/% C/%*>C% (P#-( ( 4/%&'-( ,-#5*%)?'+9( 4# 9#)# /4( #%)C*7*,)%2$"%# F9#)# ,-#>,#4O( X%--+.(H &+4# 9#)# /4( )C&%*&7*,)%2$"%# G 9#4&'-/+.( 9#4 /4 )#C+>)+%4'# =/% 4# ,/%.% &%- (,/4'(*(.# 9#--%9'()%4'%A

c--(4.# %--(4.# %--(4.# %--(4.# %--(4.# %--(4.# %--(4.#2 %&9-+5+%4.#A

V%-#G JI %4 *( &(*( .% %4&(I#K J9<)# ,/%.% /4# -%,-%&%4'(- %&(& /#()C#, KJ9<)# &% ,/%.% %*+)+4(- %* 9*+9P7 .%* 9/%-,# &+ ,(-'+)#& .%* 9/%-,# I **%>0()#& (* 9/%-,#G I 9<)# ,#.%)#& %*+)+4(- %* 9*+9P7 .%* )#C+)+%4'# &+%&'()#& +4&'(*(.#& %4 7*K X%&'-/I%& %4 '(4'# =/% '% )/%C%&G ,%-# /4( C%6,(-(&G J.<4.% %&'?4 *(& )(-9(& ( ,(-'+- .% *(& =/% ,#.%- %),%6(- ( 9#)>,#4%-K

"# &#4 C+&+5*%&A "# @#-)(4 ,(-'% .% *# C+&+5*%A V%-# %&'?4 (POA c4 /4 %&,(>9+# =/% P( &+.# &('/-(.# (')#&@7-+9()%4'%W I %4 /4 9/%-,# =/% P( &+.# -%>9#),/%&'#A c4'#49%& %* .-()('/-0# %),+%6( ( .(-*% &(*+.( ( *(& +4'%*+0+5+>*+.(.%&A c&(& +4C+&+5+*+.(.%& 9#49-%'(& =/% 0%4%-(4 ,-+49+,(*)%4'% /4((')<&@%-( =/%G ,#- &/,/%&'#G *( 9?)(-( 4/49( ,(-%9% -%0+&'-(-A M (=/O %&.#4.% *( %&9-+'/-( %4'-( .% 4/%C# s*( %&9-+'/-( =/% &+0/% .%&,/7& .%*P%9P#sA 8( %&9-+'/-( =/% '+%4% =/% #9/--+- XcBVNpB .% !)+-(- &+4 /4 *?,+6%4 *( )(4#1G ,#- /'+*+6(- *( P%-)#&( %L,-%&+<4 .% ;(-+(44% f(4 j%-:P#>

C%4G =/% .( 'O'/*# ( &/ 9#-'# ,%-# +49-%O5*%)%4'% (9%-'(.# %4&(I# &#5-%.-()('/-0+( .% *( .(46(G %&9-+'# P(9% )?& .% .+%6 (T#&A ;+-(- &+4 /4 *?,+6%4 *( )(4#A Q(9% )?& .% ZSS (T#&G _-%/. .%9+.+< %&9/9P(- &+4 /4 *?,+6 %4

ZvR 34.-7 8%,%9:+



*( )(4#G ,(-( =/% &/ +49#4&9+%4'% ,/.+%-( &+4'#4+6(- )%E#- 9#4 %* +49#4&>9+%4'% .%* #'-#A X% *( )+&)( )(4%-(G *( (9'+'/. .%* .-()('/-0# (* )+-(- &+4

/4 *?,+6 %4 *( )(4#G '-('( .% %4'-(- %4 &+4'#4O( 9#4 *( 4%5/*#&( C+-'/(* .%*#& .%&%#& .% *( ,+%6(A

"# &(5%-A "# &(5%-A "# &(5%-A c--(4.#A c--(4.#A c--(4.#A "# %&'()#&

*+&'#&A "# %&'()#& *+&'#&A "# %&'()#& *+&'#&A c--(4.#A c--(4.#A c--(4>

.#A

N4( .% )+& (*/)4(& .%* B%)+4(-+# &#5-% X-()('/-0+( cL,%-+)%4'(* .% *#&%&'/.+#& .% V#&0-(.# .% *( N4+C%-&+.(. .% "/%C( M#-: %&'(5( '-(5(E(4.#9#4 /4 9#*%9'+C# '%('-(* %4 *( ,-#./99+<4 .% /4( ,+%6( .% '%('-# !,#&'>.-()?'+9#1A Q(5O( '-(5(E(.# (4'%-+#-)%4'% 9#4 %* 0-/,#G %-(4 ()+0#&G I9#4@+(5(4 *#& /4#& %4 *#& #'-#&A c4 /4 .%'%-)+4(.# )#)%4'#G .%9+.+< .%=/7 )(4%-( +5( ( %4@#9(- &/ ,-%&%49+( .-()('g-0+9( I &/ *(5#- %4 %&(4/%C( 9#*(5#-(9+<4A a#)< *( .%9+&+<4 .% .(- g4+9()%4'% !)(*#& 9#4&%E#&1%4 '#.( *( ,-+)%-( ,(-'% .%* ,-#9%&#A c4 &/& ,-#,+(& ,(*(5-(&G (&/)+< %*-#* .%* !.-()('/-0# 9#)# &(5#'%(.#-1A a-(5(E(-O( &+4 .%&9(4&# ,(-( (,/4>'(- &+%),-% P(9+( *( !.+-%99+<4 %=/+C#9(.(1A _#-6(4.# =/% '#.#& &% ,%->

.+%-(4A 3* @+4(*G 4(.+% &(5O( .% =/7 '-('(5( *( ,+%6(G 9/?* %-( %* ,-#9%&# 4+=/7 *%& P(5O( **%C(.# P(&'( '(* ,/4'#A a#'(*)%4'% .%&#-+%4'(.#&G %**#&&%0/O(4 '-(5(E(4.#G '-(5(E(4.#G '-(5(E(4.#A c--(4.#G %--(4.#G %--(4.#A B+4&(5%-G &+4 &(5%-G &+4 &(5%-A Q(&'( =/% #'-( 9#&(G (*0# 9#),*%'()%4'% .+&>'+4'# ( *# =/% &% P(5O( 9#49%5+.# 9#)# ,/4'# .% ,(-'+.( I **%0(.(G %),%6<C(0()%4'% ( '#)(- @#-)(2 %4 %&% )#)%4'#G %**( .%'/C# %* &(5#'(E%A

8#& 9*+9P7& P(5O(4 .%&(,(-%9+.#A B% ,#.O( %),%6(- ( 9#4&'-/+- (*0#A

a#.#& %&'(5(4 *+&'#&A

a-(./99+<42 ;(-+( i#+0A

"# %&'()#& *+&'#& ,(-( %* .-()('/-0#2 3*0/4(& 4#'(& &#5-% AAA Zv[





!"#$%# '() %#*+, -(% ).#+%*/*)0%1#23 4(/# '()#5-(% +*'6# +%*/*)0%1,

7'+%8 9#:#6;<

= ><?? @# *++%#55<'1 ).# A0#5)<(' (- >.*) ).# +%*/*)0%1# !<5 50::(5#+ )(

;'(>2 <' ).# +*<?, :%*6)<6# (- +*'6# +%*/*)0%1,B C#:*%)<'1 -%(/ 9*6*'$5

:%(D(6*)<D# -(%/0?*)<('5 (' ).# !50@E#6) >.( <5 50::(5#+ )( ;'(>F2 G5##F

-(% <'5)*'6#F !"#$ !#&'()*&+(, -"&.*/+0 1& 203.4"(&(,3010 H /, A0#5)<(' <53

>.#' +%*/*)0%1, <5 :#%-(%/#+ *5 * :%(6#55F <' ).# 5)0+<(F *?('15<+# ).#

0'-(?+<'1 6.(%#(1%*:.<6 *'+ 6(/:(5<)<('*? :%(6#55#5 (- 6%#*)<('F .(> 6*'

).# +%*/*)0%1# :%#:*%# .<5 (% .#% 6(')%<@0)<('5 )( ).# >(%;I ".*) <5 #J*6)K

?, .<5 (% .#% :(5<)<('F (% -0'6)<('I ".*) <5 @#<'1 #J*6)?, 50%D#,#+F >.*)

#J*6)?, <5 @#<'1 50%D#,#+F ?((;#+ -(%F *'*?,L#+F (% %#)*<'#+ @, .<5 (% .#%

*6)<D<),I 7'+F >.*) #J*6)?, <5 #J:#6)#+ (- ).# +%*/*)0%1# @, ).(5# >.(

+*'6# *'+ 6.(%#(1%*:. @#-(%# .<5 (% .#% 56%0)<'<L<'1 :%#5#'6#I M#-(%# *?? (-

).#5# A0#5)<('5F *?? :%#55<'1 *'+ :%*6)<6*?F ('# (- /, :%(:(5#+ *'5>#%5 ><?? @#3 ).# +%*/*)0%1# /05) #'1*1# <' *' !<'#J*6)K,#)K%<1(%(052 /#).(+(?(1,F

'() *?<1'#+ ><). ;'(>?#+1# *'+ ;'(><'1F @0) ><). #%%*'6,F #%%<'1 *'+ #%%(%B

"<). ).#5# A0#5)<('5 *'+ ).<5 >(%;<'1 :%(:(5<)<(' <' /<'+F = '#D#%).#?#55

>*')#+ )( 5)*%) @, )#??<'1 ,(0 * 5)(%,B =) <5 '() )(( ?('1 (- * 5)(%,B

4)(%,

= 5)*%)#+ /, :%(-#55<('*? >(%; ><). +*'6# <' ).# /<+N)( ?*)# OPQR5F <'

9<5@('F >.#%# = 1%#> 0:B = 5)*%)#+ @, @#<'1 -<%5) * !-%<#'+K6(??*@(%*)(%2 ('



>.*)#D#% >*5 '##+#+ @, ).# 6.(%#(1%*:.#%3 5011#5)<('5 -(% /05<6F +<5605K

5<('5 (- 56#'#5 +0%<'1 %#.#*%5*?5 (% (- +#:*%)<'1 6('6#:)5 -(% '#> :<#6#5F

:%(:(5<)<('5 -(% )#J)5 G).#(%#)<6*? (% '()HF .#?:<'1 6%*-) :%#55K%#?#*5#5F

>%<)<'1 ?#))#%5 -(% 1%*')5F +#5<1'<'1 5#)5S 4?(>?,F = /(D#+ -%(/ !-%<#'+K

6(??*@(%*)(%2 )( !6(??*@(%*)(%K*)K?*%1#2 )( +%*/*)0%1# G(--<6<*??, 1*<'<'1

).# )<)?# >.#' 5)*%)<'1 )( >(%; ><). T#1 4)0*%) *'+ C*/*1#+ U((+5 <'

OPPVHF )( 6(K+<%#6)(% G(--<6<*??, 1*<'<'1 ).# )<)?# <' *' <'5)*??*)<(' >(%; ><).

M%06# T*0 <' VRRRHF )( +<%#6)(% G(--<6<*??, 1*<'<'1 ).# )<)?# <' VRRWF >.#'

+<%#6)<'1 ).# %#K+(<'1 (- 56 7(//*&1&80 1& 9 2($+0 HF )( -#5)<D*? 60%*)(% G(--<K

6<*??, 1*<'<'1 ).# )<)?# <' VRRQF ><). ).# -#5)<D*? =' X%*'5<)F M#%?<'HB T#*'K

>.<?# = >*5 *?5( *6)<D# *5 * +*'6# 6%<)<6 G-%(/ OPQPKOPPYHF *'+F -%(/ VRRO

('>*%+5F *?5( @#6*/# Z%(-#55(% *) [\]B 4(F *?).(01. = .*+ 5)(::#+

>(%;<'1 *5 * :%(-#55<('*? +%*/*)0%1# <' OPPQF = *1*<' 6*/# *6%(55 +%*/K

*)0%1, *) ).# ]'<D#%5<),B = -(0'+ +%*/*)0%1, *1*<'F *'+ +%*/*)0%1, -(0'+

/# *1*<' ).*';5 )( * %#-%*<'B

".<6. <5 ).# -(??(><'13

[() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [()

%#*+,

=' ).# 5:%<'1 (- VRRO = )*01.) /, -<%5) !^J:#%</#')*? C%*/*)0%1,2 6(0%5#

*) [\]B = >*5 6(/<'1 (0) -%(/ * @<) (D#% * +#6*+# (- <')#'5# :%(6#55K@*5#+

+*'6# +%*/*)0%1,F -%(/ OPPV )( OPPQF /(5)?, ><). T#1 4)0*%) G@0) *?5(

><). _%*'6<56( `*/*6.(F a(b( _<*+#<%( *'+ c#%* T*')#%(B X.<5 >*5 +%*/K

*)0%1, +('# +*<?, <' 5)0+<(5F >(%;<'1 ><). 6.(%#(1%*:.#%5F +*'6#%5F

6(/:(5#%5F +#5<1'#%5F :%(+06#%5B M0) *5 = 5)*%)#+ )( )#*6. * :(5)K1%*+0*)#

5#/<'*% (' #J:#%</#')*? +%*/*)0%1, <' ).# C#:*%)/#') (- Z#%-(%/*'6#

4)0+<#5 *) [\]F ).<5 5)%*'1# %#-%*<'F ).*) .*+ 6(/# -%(/ 5(/#>.*) 0'#JK

:#6)#+ ?(6*)<('5F 5)*%)#+ )( #5)*@?<5. <)5#?-B 7'+F <' <)5 5)0@@(%' *--<%/*K

)<('F 5(/#).<'1 5)*%)#+ )( 6(/# *6%(55F -(% ).# -<%5) )</#F *'+ *@(0) +%*/K

*)0%1,F ).*) = .*+ '#D#% 6('5<+#%#+ :%#D<(05?,B

[() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [() %#*+,B [()

%#*+,B [() %#*+,B [() %#*+,B

OQV 7'+%8 9#:#6;<



='-(%/#+ (- :%(6#55K+%*/*)0%1, <' +*'6#F = +#6<+#+ ).*) <- = >*')#+ )(

-%*/# *', :(5)K1%*+0*)# 6(0%5# (' +%*/*)0%1,F = >(0?+ .*D# )( *5; ).#

5)0+#')5 )( :%*6)<6# +%*/*)0%1, <' * :%(-#55<('*? 6(')#J)B 4(F <' VRROF

VRRd *'+ VRRYF 5)0+#')5 )*;<'1 !^J:#%</#')*? C%*/*)0%1,2 >#%# '() ('?,

%#A0<%#+ )( *))#'+ ).# 5#/<'*% 5#55<('5 >.#%# ># )*6;?#+ 5#D#%*? )#J)5 =

-(0'+ %#?#D*') -(% * 6(')#/:(%*%, :%*6)<6#K@*5#+ +%*/*)0%1, NG).(5#

<'6?0+#+F -(% <'5)*'6#F M*%).#5$ #55*,5 (' ).# !X.<%+ T#*'<'1F2 4)0*%)

e*??$5 )#J)5 (' !X.# f#)0%' (- ).# %#*?2 <' 6(')#/:(%*%, *%)F 5#D#%*? )#J)5

@, ^0%(:#*' *'+ [(%).K7/#%<6*' +%*/*)0%1#5 ge#<+< U<?:<'F T*%<*''# D*'

h#%;.(D#'F T,%<*/ c*' =/56.()iF @, 6.(%#(1%*:.#%5 (' ).#<% :%(6#55

g_(%5,).#F 4)0*%)F M#?F `.*%/*)LiF +<%#6)(%5 g^?<L*@#). 9#6(/:)#F f<6.*%+

_(%#/*'F T*)).#> U(0?<5. *'+ 9<' e<J5('iF :.<?(5(:.#%5 gM#'E*/<'F

C#?#0L#iHN @0) ).# 5)0+#')5 >#%# *?5( :?*6#+ *5 +%*/*)0%1#5 <' 5#D#%*?

:%(+06)<('5 +0%<'1 ).# 6(0%5#B X.# )#%/ !Z%(+06)<('52 '##+5 )( @# 0'+#%K

5)((+ .#%# <' ).# @%(*+#5) :(55<@?# +#-<'<)<('3 ('# 5)0+#') >(%;#+ ><).

c<)( 766('6<$5 *%6.<)#6)0%# 5)0+<(j *'().#% ><). * -<?/ :%(+06)<('j *'().#%

><). * D<50*? *%)<5) -(% .<5 0:6(/<'1 5.(> *) ).# ".<)'#, M<#''<*?j *'().#%

><). ).# a#><5. T05#0/ <' [\j *'().#% (' * @((; -(% * -*/(05 *0).(% <'

).#*)#% 6<%6?#5j >.<?# 5(/# #D#' >(%;#+ ><). 5(/# ).#*)#% *'+ #J:#%<K

/#')*? +*'6# 6(/:*'<#5 <' +(>')(>' [\ GT*@(0 T<'#5F ̀ .*/#6;<K9#%'#%F

`*5)<??( X.#*)#%F *'+ /*', ().#%5HB X.#%# >#%# *?5( 6(??*@(%*)<('5 ><).

/05<6 *'+ 5(0'+ <'5)*??*)<('5F D<50*? *%)5 :#%-(%/*'6#5F /05<6*? ).#*)#%F

#)6B "(%;<'1 <' :%(+06)<('5 *??(>#+ 5)0+#')5 )( -0??, #'1*1# <' ).#

%#A0<%#/#')5 (- * +%*/*)0%1, :%(6#553 * +##: <//#%5<(' <' ).# 6%#*)<('

:%(6#55B 7' <//#%5<(' :%#+<6*)#+ (' ).# -*6) ).*) ,(0 ><?? >(%; ?<;# *

/*'<*6F *55<5)F <')#%D#'#F 1<D# <+#*5F %#5#*%6.F *+D<6#F :%(:(5# @0) ><).(0)

#D#% %#*??, ;'(><'1 <- *?? ).# >(%; ,(0 :0) <')( <) ><?? #D#% )*'1<@?, @#

%#6(1'<L#+ *5 @#<'1 3"#$0 <' ).# -<'*? :%(+06)<('B 7'+F *5 T*%<*''# D*'

h#%;.(D#' :0) <) 5( >#??F ,(0% :<6)0%# ><?? /(5) ?<;#?, '() *::#*% <' ).#

:%(1%*/S

75 ,(0 6*' </*1<'#F 506. * 6(0%5# +#/*'+5 * ?() (- :%#:*%*)(%, (%1*'<L*K

)<(' N#'+?#55 :.('# 6*??5F #K/*<?5F :#%50*5<D# 6('D#%5*)<('5 <' (%+#% )(

:?*6# -<-)##' +%*/*)0%1#5 #*6. 6(0%5# ><). -<-)##' +<--#%#')*%)<5)5k:%(+06)<('5NB X.05 /, (>' %#-%*<' >*5 1(<'1 (D#% :.('# ?<'#5 *'+

#K/*<?53 !C( ,(0 '##+ * +%*/*)0%1#I2F !"(0?+ ,(0 ?<;# * +%*/*)0%1#I2F

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OQd



!T*, = (--#% ,(0 * +%*/*)0%1#I2F !\#5F = 6*'

#J:?*<' >.*) * +%*/*)0%1# <5S2BO

^D#')0*??, 5)0+#')5 >#%# :?*6#+3 <' ).# *%6.<K

)#6)0%*? 5)0+<(F <' ).# -<?/ :?*)#*0F <' ).#

/05#0/F <' ).# D<50*? *%)<5)$5 5)0+<(F <' ).#

+*'6# 5)0+<(B M0) ).# (++ %#-%*<' >(0?+ 5(('

5)*%) )( *::#*% *1*<' -%(/ * :*%)<60?*% 1%(0: (-

!:%(+06)<('52B 7'+ ).# *::#*%<'1 (- ).<5

%#-%*<' -(??(>#+ * ;<'+ (- ?*>F >.<6. 6(0?+ @#

*%)<60?*)#+ *53 ).# /(%# = *::%(*6.#+ :%(+06K)<('5 ).*) >#%# 50::(5#+ )( ;'(> >.*) *

+%*/*)0%1# <5 G<' +*'6#F <' ).#*)#%HF ).# /(%# =

>(0?+ 1#) ).# -(??(><'1 -%(/ ).#/3

C#*% Z%(-B 9#:#6;<3

"# *%# +#?<1.)#+ @, ,(0% #K/*<? *'+

:%(:(5*?F @0) *) ).<5 :(<') ># *%# '()

%#*+, -(% * +%*/*)0%1#B

e< 7'+%8F

X.<5 <5 * 1%#*) :%(E#6)B ]'-(%)0'*)#?,F >#

-##? ).*) ># *%# '() A0<)# %#*+, -(%

>(%;<'1 ><). * +%*/*)0%1# ,#)B T*,@#

?*)#% <' 7:%<?I

C#*%

"# -<'+ ,(0% :%(:(5*? <')%<10<'1B

e(>#D#% *) ).<5 :(<') ># .*D# '(

:%(+06)<('5 *) ).# 5)*1# (- '##+<'1 *

+%*/*)0%1#B T*,@# '#J) ,#*% ># 6(0?+

).<'; *) * @#))#% )</# -(% ).<5 6(??*@(%*K

)<('I

[() %#*+,B [() %#*+,B [() %#*+,B [()

%#*+,B

[() %#*+, -(% ).# +%*/*)0%1#B

OQl 7'+%8 9#:#6;<

OB =' 4:*'<5. *'+Z(%)010#5#!+%*/*)0%1(2 /#*'5!:?*,>%<1.)2 <' ^'1?<5.B= */ )*?;<'1 *@(0)5(/#).<'1 #')<%#?,+<--#%#') .#%# N *@(0) *6(??*@(%*)(% ).*) *55<5)5).# :%(+06)<(' )( 6(/#<')( @#<'1 @, 6?(5#?,>(%;<'1 (' <)5 !:?*'# (- 6('5<5)#'6,2 ><). ).#+<%#6)(% (% 6.(%#(1%*K:.#%B



X.<5 %#-%*<' (' ).# ?*6; (- %#*+<'#55 -(% ).# +%*/*)0%1# <5 <')#%#5)<'1 *'+

)#??<'1 *'+ 5,/:)(/*)<6B 75 = 5*<+F ).# /(%# ).# :#(:?# = 6(')*6)#+ ;'#>

(- ).# %(?# (% -0'6)<(' (- ).# +%*/*)0%1#F ).# ?#55 %#*+, ).#, -#?) -(% .<5 (%.#% <//<'#') *%%<D*?B 7'+F = >*') )( @# 6?#*%F ).<5 50::(5#+ ?*6; (- %#*+<K

'#55 >*5 '() *) *?? +0# )( ).# -*6) ).*) ).# :%(+06)<('5 6(')*6)#+ >#%# -*%

*.#*+ <' ).# -0)0%#B

7 6*5# )( @# /*+# (0) (- ).# %#-%*<'3 <- '$()(+#$83 .*5 *?>*,5 @##' +#5<%K

*@?# *'+ >*')#+ *'+ *5;#+ -(% *'+ >#?6(/#+ <' +*'6# N*'+ +#5<%#+

@#6*05# +%*/*)0%1, <5 ).# '*/# ('# 1<D#5 )( * >(%;$5 (D#%*?? *#5).#)<6

6('5<5)#'6,F 5(?<+<), *'+ 6(.#%#'6# G#D#' <- ).# +#5<%#+ 6(.#%#'6# <5 )( @#

<'6(.#%#')HN '() 5( /*', :#(:?# 5##/ )( .*D# 506. <//#+<*)# -##?<'1 (-

.(5:<)*?<), (% <')#%#5) <' %#1*%+5 )( ).# *%%<D*? *'+ :%#5#'6# (- ).# G+*'6#H

'$()(+#$8*B

[() %#*+,B

[() %#*+,B

[() %#*+,B

=- +%*/*)0%1, <5 <+#')<-<#+ *5 * /#+<*)(% <' !+4* '1::1.#,+ $*,(+1"&041/ ;*+<**& <$1+1&8 (&' /4301.(, (.+1"&=> >.<6. = ><?? +<56055 <' /(%# +#)*<? <'

* /(/#')H >.*) >*5 6(/<'1 *6%(55 ><). ).# !'() %#*+,2 %#-%*<' >*5 ,#)

*'().#% ;<'+ (- !+<--<60?) %#?*)<('2 <'D(?D#+ <' ).# :%*6)<6# (- +%*/*)0%1,B

= >*') )( 5011#5) ).<5 +<--<60?) %#?*)<(' <5 '() ('?, @#)>##' )%*'5?*)<'1 G(%

'()HF >%<)<'1 <')( :.,5<6*? *6)<(' *'+ D<6#KD#%5*j <) <5 *?5(F *'+ D#%, 5<1'<-K

<6*')?,F *@(0) ).# +<--<60?)<#5 ).# D#%, :%#5#'6# (- ).# +%*/*)0%1# @%<'15

<'F *5 * ;<'+ (- 6?(0+F *5 .# (% 5.# >*?;5 <')( ).# 5)0+<( *5 * -<10%# ).*)

1#'#%*)#5 *' *'J<#), *) ).# ?#D#? (- %#*+<'#55 N *'+ %#*+<'#55 -(% >.*)I

f#*+<'#55 -(% ;'(><'1 >.*) ).# :<#6# <5 G*@(0)HB

]50*??, ># *))%<@0)# ).# -0'6)<(' (- ).# !50@E#6) >.( <5 50::(5#+ )( ;'(>2

).# >(%; )( ).# -<10%# (- ).# *0).(%k+<%#6)(%B M0) ).# +%*/*)0%1# *%%<D#5

><). ).# 5,/@(?<6 *0%* (- *'().#% 50@E#6) >.(5# >(%; <5 :%#6<5#?, )( @#

*?5( *'().#% !50@E#6) >.( <5 50::(5#+ )( ;'(>2 ).# :%(+06)<('B e<5 (% .#%

*%%<D*? (+ +"" ,(+*= +"" *($,3 ( 0+(8* 6%#*)#5 *?? 5(%)5 (- *'J<#)<#5F >.<6.

%#D#*? <')#%#5)<'1 )#'5<('5 <' ).# :%*6)<6# (- +%*/*)0%1, ).*) .*D# )( +(

><). <)5 5:#6<-<6 6('+<)<('5 (- ?*@(%<'1 ><).<' 60%%#') #6('(/<#5 (- *0).(%K-0'6)<('B X.<5 +,'*/<65 %#A0<%#5 -0%).#% %#-?#6)<('5 (' ).# A0#5)<(' (-

%#*+<'#55 <' :%(6#55K@*5#+ :#%-(%/*'6#B X.# A0#5)<(' <53

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OQY



".(F >.#'F *'+ >., <5 ('# #D#% $*('3 -(% ).# +%*/*)0%1#I

^'+ (- 4)(%,

7'().#% M#1<''<'1

= >(0?+ *1*<' ?<;# )( 6<)# ).# #J6#%:) -%(/ ).# :%(1%*/ (- ).# !=')#%'*K

)<('*? 5#/<'#% (- [#> C%*/*)0%1<#52F ).*) = :%#D<(05?, A0()#+B

"# 6*' 0'+#%5)*'+ +%*/*)0%1<6*? :%*6)<6# *5 *' #J#%6<5# (- <')#%%(K

1*)<(' *'+ 6(/:(5<)<(' ).*) .*5 )%*+<)<('*??, /#+<*)#+ +4* '1::1.#,+ $*,(+1"&041/ @#)>##' <$1+1&8 *'+ :.,5<6*? (.+1"&B

=- <'+##+ ).# %#?*)<('5.<: @#)>##' <$1+1&8 *'+ /4301.(, (.+1"& .*5 *?>*,5

@##' * +<--<60?) ('# G*) ).# ?#D#? (- <)5 ).#(%<L*)<(' *5 >#?? *5 *) ).# ?#D#? (-

<)5 </:?#/#')*)<('F (% :#%-(%/*'6#HF ).<5 %#?*)<('5.<: @#6(/#5 #D#' /(%#

6(/:?<6*)#+ ('6# ># #')#% ).# %#*?/ (- '(&.* '$()(+#$83 B

=' ).<5 %#?*)<D#?, '#> /(+# (- 6(??*@(%*)<(' <' +*'6# /*;<'1 N * /(+#

:<('##%#+ */('1 ().#%5 @, f*</0'+ e(1.# <' .<5 #*%?, +%*/*)0%1<6*?6(??*@(%*)<(' ><). Z<'* M*056.F T*%<*''# D*' h#%;.(D#' <' .#% 5#D#%*?

6(??*@(%*)<('5 ><). _?#/<5. 6.(%#(1%*:.#%5F *'+ e#<+< U<?:<' >.<?#

+%*/*)0%1<'1 -(% "<??<*/ _(%5,).#F *?? ).%(01.(0) ).# OPQR5 N = :%(:(5#

).*) ).# !<')#%%(1*)<'12 *'+ !6(/:(5<'12 %#?*)<('5.<: ).*) +%*/*)0%1,

/05) #5)*@?<5. <' (%+#% )( -0?-<?? <)5 :%(/<5# <5 '() @#)>##' <$1+1&8 G0'+#%K

5)((+ *5 * 1#'#%*? 5,5)#/ (- %#:%#5#')*)<('H *'+ /4301.(, (.+1"& G0'+#%K

5)((+ *5 :#%-(%/*'6#HB X.# )#'5<('F = 5011#5)F ).*) -0#?5 +%*/*)0%1, *5 *

:%*6)<6# 1& +*'6# *'+ <1+4 +*'6# <5 ).# )#'5<(' #5)*@?<5.#+ @#)>##'

/0?)<:?# /$".*00*0 ": +4"#84+ *'+ /0?)<:?# /$".*00*0 ": (.+#(,1?(+1"&B

X.<5 5:#6<-<6 )#'5<(' 6%#*)#5 N*5 >#?? *5 <) +<*1'(5#5N * @<1 :%(@?#/ -(%

+*'6# +%*/*)0%1,B 7 :%(@?#/ >.#%# ).# A0#5)<(' (- %#*+<'#55 <5 :%#D*?#')

N @#6*05# 0'+#% ).# -(%6#K-<#?+ (- ).# 5<1'<-<#% !+%*/*)0%1,2F ).# %#*+<'#55

": ).# +%*/*)0%1# *'+ ).# %#*+<'#55 :"$ ).# +%*/*)0%1# *%# @(). -0'+*K

/#')*??, )<#+ )( ).# A0#5)<(' (- @&"<1&8 B

= >*') )( %#:#*) >.*) = 5*<+ #*%?<#%3 *5 -*% *5 '$()(+#$83 <5 6('6#%'#+F#D#%,('# #*1#%?, *>*<)5 -(% <)F #D#%,('# <5 *?>*,5 %#*+, -(% <)F *6)0*??,

.(:<'1 <) ><?? 6(/# *5 5((' *5 :(55<@?# N5( ).*) +%*/*)0%1, 6*' >(%; <)5

OQW 7'+%8 9#:#6;<



/*1<6 *'+ :%(D<+# ).# 5( /06. +#5<%#+ 6('5<5)#'6, *'+ <')#1%<), ).*) *??

*%) '##+5 <' (%+#% )( 5066##+ *5 * >(%; G@, !5066#552 = /#*' ).# >(%;

*6.<#D<'1 * -0?? 6('5<5)#'6, @#)>##' <)5 -(%/5 (- 6(')#') *'+ <)5 -(%/5 (- #J:%#55<('N '() #6('(/<6 (% 6%<)<6*? 5066#55HB M0) '() #D#%,('#F *6)0*??,

D#%, -#> :#(:?#F 5##/5 )( @# *) *?? %#*+, -(% ).# *%%<D*? (- ).# +%*/*)0%1#B

=)$5 *5 <- .<5 (% .#% :%#5#'6# %#:%#5#')#+ 5(/#).<'1 (- * ).%#*)B M0) * ).%#*)

)( >.*)F #J*6)?,I

7 ).%#*) )( *6A0<%#+ #J:#6)*)<('5 *@(0) ).# !('# >.( <5 50::(5#+ )(

;'(>2 ).# >(%;K)(K6(/#B

X.<5 +,'*/<65 /*+# /# ).<'; @*6; )( ).# ?*)# OPQR5F #*%?, OPPR5F >.#'

6.(%#(1%*:.#%5 @#1*' *5;<'1 /# )( >(%; ><). ).#/ <' 5(/# 5(%) (- '*/#K

?#55 6(??*@(%*)<D# 6*:*6<), ).*) >*5 '#D#%).#?#55 :#%6#<D#+ @, ).#/ *5

'#6#55*%,B = >*5 50%# *) ).# )</# ).*) = +<+ '() ;'(> >.*) = >*5 +(<'1 >.#'

>(%;<'1 ><). ).#/ N = 6#%)*<'?, +<+ '() ;'(> = >*5 * +%*/*)0%1#B 7'+ ).#

6.(%#(1%*:.#%5F <'<)<*??,F +<+ '() ;'(> >.*) )( 6*?? /#F +<+ '() ;'(> = >*5

('# #<).#%B M0) ('6# ># *?? 5)*%)#+ >(%;<'1 )(1#).#%F ).#5# A0#5)<('5 (- '()

;'(><'1 5)*%)#+ )( @# %#5(?D#+ *'+ +<55(?D#+ @, * :%*6)<6# (- +(<'1B

X.# m0#5)<(' -(% 05 *?? .#%# <' T0%6<*F ).<5 #D#'<'13 6(0?+ ).#%# @# *

6(''#6)<(' @#)>##' ;'(><'1F '() ;'(><'1F *'+ ).<5 5#'5# (- %#*+<'#55 -(%

6%#*)<'1 * :<#6#I ".*) <5 ).# %#?*)<('5.<: @#)>##' +%*/*)0%1,F %#*+<'#55

*'+ ;'(>?#+1#I 76)0*??,F ?#) /# %#:.%*5# ).<5 <' * /(%# 6('6%#)#F 6(%:(K

%#*?F *'+ :(?<)<6*? >*,3 >.*) <5 ).# %#?*)<('5.<: @#)>##' ).# :%#5#'6# (- ).#

+%*/*)0%1# <' ).# 5)0+<( *'+ ).# +*&01"&0 ).<5 :%#5#'6# /*, 6%#*)# <' %#?*K

)<(' )( ).(5# <4" ($* 0#//"0*' +" 4",' @&"<,*'8* (D#% ).# >(%; @#<'1

6%#*)#+ G<B#BF ).# *0).(%F ).# 6.(%#(1%*:.#%F ).# +*'6#%5HI ".( *6)0*??,

;'(>5 >.*) ).# >(%;K)(K6(/# )%0?, <5F >.*) ).# >(%;K)(K6(/# >*')5F *'+

).#%#-(%# >.*) ).# >(%;K)(K6(/# '##+5I =) 5##/5 )( /# ).*) )( 5(?D# ).#5#

A0#5)<('5 0'+#% ).# *#5).#)<6 %#1</# ).*) 1(D#%'5 05 <5 )( +<55(?D# ).#

050*??, 0':%(@?#/*)<L#+ #A0<D*?#'6# @#)>##' @&"<1&8 >.*) ).# >(%;

<5k>*')5k'##+5F *'+ "<&1&8 G).# *0).(%5.<: (-H ).# >(%;B

X.05F = :%(:(5# ).*) ).# -0'+*/#')*? )#'5<(' <' +%*/*)0%1, *5 :%*6)<6# <5

'() ('# @#)>##' *6)<(' *'+ >%<)<'1 @0) @#)>##' ;'(><'1 *'+ (>'<'1B

T(%#(D#% ).<5 )#'5<(' <5 <'<)<*)#+ '() @, +%*/*)0%1,F @0) @, ).#+%*/*)0%1# N>.(5# 5</:?# :%#5#'6#N #D#' @#-(%# .<5 (% .#% *%%<D*?F *5 =

6(0?+ D#%<-, -%(/ /, :.('# 6*??5 )( :?*6# +%*/*)0%1#5 <' :%(+06)<('5 N

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OQn



A0#5)<('5 ).# *0).(%<*? 5)*@<?<), (- ).(5# >.( *%# 50::(5#+ )( ;'(> ).#

>(%; )( 6(/#B

X.<5F = %#*?<L# '(>F <5 >.*) #D#%,('# >*5 )#??<'1 /#F >.#' )#??<'1 /# (-

).#<% &"+ ;*1&8 $*('3 3 ># *%# '() %#*+, -(% ).# +%*/*)0%1# @#6*05# >#

4X=99 +( '() h[o" >.*) ).# :<#6# ># *%# /*;<'1 <5 *@(0)B o'6# ># ;'(>F

># ><?? .*D# 5(/#).<'1 )( )#?? ).# +%*/*)0%1# *'+ .# (% 5.# ><?? .*D# ).#'

5(/#).<'1 )( )#?? 05 *@(0) >.*) ># )(?+ .</ (% .#%B 7'+ ).#' G*'+ ('?,

).#'H .# (% 5.# 6*' @# (- .#?:B o'6# ># ;'(>B o'6# ># ;'(>B X.#' ># ><??

@# %#*+,B

f#*+, -(% ).# +%*/*)0%1#B

7'().#% %#-%*<'

h'(><'1B [() ;'(><'1B h'(><'1B [() ;'(><'1B h'(><'1B [()

;'(><'1B h'(><'1B [() ;'(><'1B h'(><'1B [() ;'(><'1B h'(><'1B

[() ;'(><'1B h'(><'1B [() ;'(><'1B h'(><'1B

[() ;'(><'1B

7) ).<5 :(<')F ># '##+ )( ?*'+ (' * 5:#6<-<6<),B 9#)5 6*?? ).<5 5:#6<-<6<),

!+*'6# +%*/*)0%1, 5<'6# ).# OPQR52B =$?? 5)*%) ).# '*%%*)<(' (- ).<5 5:#6<K

-<6<), ><). * :*%*+(JB X.# :*%*+(J <5 >#?? ;'(>'3 ).# /(/#') +*'6#

%#6#<D#5 ).# 50--<J !).#*)#%2 )( A0*?<-, * 5:#6<-<6 1#'%# N!+*'6#K).#*)#%2

G>.<6. <5 *?5( * 1#'%# *))*6.#+ )( * 5:#6<-<6 /(+# (- :%(+06<'1 *'+

6%#*)<'1 +*'6# >.#%# ).# +*'6#K+%*/*)0%1# -<%5) -<'+5 * :?*6#HN <5 *?5( ).#

/(/#') +*'6# @#6(/#5 /"0+A'$()(+1. B X.#*)#% #')#%5 <')( ).# '*/# (- +*'6# >.#' <) 5#)5 *5<+# ).# :%(@?#/ (- +%*/*B ".<6. /#*'53 >.#' <) 5#)5

*5<+# * ;<'+ (- 0'+#%5)*'+<'1 (- ).# ).#*)%<6*? -0'6)<(' (- >%<)<'1B

X.05F ><).(0) ).# @*6;@('# (- * 5)%06)0%<'1 *'+ *')#%<(% '*%%*)<D# )(

>.<6. ).# >(%; ><?? *?5( *</ *) G*5 <' T*%).* U%*.*/$5 >(%;5 <' ).# OPYR5

*'+ OPWR5 -(% <'5)*'6#H (% ><).(0) ).# @*6;@('# (- -(%/*? *@5)%*6)<('

G>.#%# ).# 5:*6# (- ).# 5)*1# <5 /*+# #A0<D*?#') )( ).# 5:*6# (- ).# 6*'D*5F

*5 <' T#%6# `0''<'1.*/HF +*'6# @#6(/#5 '(&.*A+4*(+*$ @, .<1.?, :%(@K?#/*)<L<'1 ).# 0'<-,<'1 *'+ 5(D#%#<1' -0'6)<(' (- <$1+1&8 *5 ('# (- ).#

/*<' )#'5(%5 (- *'+ <' '$()(+#$83 B

OQQ 7'+%8 9#:#6;<



C*'6# @#6(/#5 +*'6#K).#*)#% *) ).*) /(/#') >.#' ).# :(<') (- +#:*%)0%#

-(% 6%#*)<'1 * >(%; <5 '() * )#6.'<A0#F '(% * :?()F '(% * )#J)F @0) * 6('6%#)#

-<#?+ (- .#)#%(1#'#<),B M(+<#5F D(<6#5F >(%+5F )*5)#5F </*1#5F #*6. *?%#*+,:(:0?*)#+ @, ().#%5F :?*6#+ <' +<5:#%5<(' @, *' #D#' /(%# +<5:#%5<'1

/(+# (- >(%;<'13 (:#' A0#5)<('5 )( +*'6#%5 ).*) '##+ )( @# *'5>#%#+

:%(D<5<('*??,F ?<)#%*?<L*)<(' (- -%*1/#')#+ D<50*? (% D#%@*? /#)*:.(%5F ).#

05# (- 6*:*6<)<#5 *'+ <')#'5<)<#5 <//*'#') )( #*6. +*'6#%$5 @(+,F ).#

#/:.*5<5 (' #'D<%('/#')*? 5:#6<-<6<)<#5 (- #*6. )</#K:?*6# (- #*6.

:#%-(%/*'6#B X.# >(%; +#:*%)5 -%(/ * L('# (- 0'+#6<+*@<?<),F * 6?(0+F *

D*:(%F :(:0?*)#+ '#D#%).#?#55 @, !"#$ &'(&#")" #?#/#')5 ).*) 6('5)<)0)# *

4*+*$"8*&*"#0 :1*,' ": '10/*$01"& <' * D#%, 5:#6<-<6 *)/(5:.#%#B =' ).<5

-<#?+K6?(0+F <' ).<5 D*:(%(05 *)/(5:.#%# ).*) <5 '#D#%).#?#55 /*)#%<*? *'+

5:#6<-<6F 6.(%#(1%*:.#%F +*'6#%5F 6(??*@(%*)(%5 *'+ ).# +%*/*)0%1# *??

5)*'+ N*?? )%,<'1 '() )( @#6(/# D*:(% *5 >#??B =' ().#% >(%+5N +*'6# +%*/K

*)0%1, (:#%*)#5 <' * -<#?+ (- +<5K0'<), ).*) '#D#%).#?#55 %#/*<'5 5:#6<-<6

*'+ +#/*'+5 6(.#%#'6#B 7'+ ).<5 6(.#%#'6# 6(/#5 -%(/ ).# 6('6%#)#

/*)#%<*?<), (- *6)<('5F ).(01.)5F 5)#:5F 1#5)0%#5F (@E#6)5F :%(:5F 6(5)0/#5F

)</<'15B

".*) <5 ).# -(%6# ).*) 6*' .*%'#55 ).<5 6?(0+ (- +<5K0'<), ).*) <5 (,)"0+ *A0*5<K'().<'1'#55I X.<5 -(%6# .*5 '( ().#% '*/# ).*' !*0).(%<*? +#5<%#B2

70).(%<*? +#5<%# <5 050*??, *%)<60?*)#+ :#%-(%/*)<D#?, N ).*) <5 )( 5*,F *??

+#6?*%*)<('5 /*+# @, *' *0).(% </:?, * -(%6# (- </:?#/#')*)<('3 = >*') )(

/*;# * :<#6# +#*?<'1 ><). ).<5 0/*.1:1. <550#j (% = >*') )( /*;# * :<#6#

>.#%# 6#%)*<' (@5#%D*)<('5F (@5#55<('5F (% ).#/#5 *%# )*;#' *5 @#<'1 @().

:(<')5 (- +#:*%)0%# (&' :(<')5 (- *%%<D*?B X.#5# 6(0?+ @#F -(% <'5)*'6#F *

5#')#'6# g![( ('# <5 >*)6.<'12 N>.<6. )<)?#5 * :<#6# @, T#1 4)0*%)F @0) *?5(

<5 <)5 /*<' +%*/*)0%1<6*? +%<D#ij * :.,5<6*? 5)*)# 6(%%#5:('+<'1 )( *'

*)/(5:.#%<6 6('+<)<(' g!U]4X2 N>.<6. )<)?#5 * :<#6# @, _%*'6<56(

`*/*6.(F @0) <5 *?5( <)5 /*<' +<%#6)<D# -(% /(D#/#')ij * :(?<)<6*? :%(@?#/

g!D<(?#'6#2ij * +#6('5)%06)<(' (- *' *#5).#)<6 :%(@?#/ g!f#/()#2 N*'().#%

)<)?# (- * T#1 4)0*%) :<#6#ij (% ).# <+#')<-<6*)<(' (- * 1#'#%*? @(+<?, 5)*)#

g!-#*%2j !E(,2j !#J.*05)<('2j !6(?+2j !*::#)<)#2SiB _<'*??,F *5 aB9B 705)<'

%#/*%;#+F <- 5:##6. *6)5 :%('(0'6#+ @, *' *6)(% (' 5)*1# +0%<'1 ).#

6(0%5# (- * :?*, *%# !<'-#?<6<)(052F 5)*1# +<%#6)<('5 *%# *?>*,5 :#%-(%/*K

)<D#3 !#')#% 5)*1# ?#-)2j !?<1.)5 +</2j !60%)*<'2 *%# </:#%*)<D# <'5)%06)<('5

).*) /05) @# -(??(>#+F ).#, .*D# -(%6# (- ?*>B 4</<?*%?,F ).# 6.(%#(1%*:.#%>(0?+ 1*).#% *0).(%5.<: *'+ *0).(%<)*%<*' 5(D#%#<1'), (D#% * >(%;$5

#?#/#')5 N 5<'6#F 050*??,F ).# #6('(/, (- ).# 6(')#/:(%*%, *0).(%K-0'6K

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OQP



)<(' <' +*'6# *55<1'5 )(F (% +#5<1'*)#5F ).# 6.(%#(1%*:.#% *5 ).# 5<'10?*%

-<10%# %#5:('5<@?# -(% @%<'1<'1 )( ).# 1%(0: ).<5 <'<)<*? G*0).(%<*?H +#5<%<'1

-(%6# N *?).(01. <) +(#5 '() .*D# )( @# ).<5 >*, '#6#55*%<?,3 ).# *0).(%<*?5(D#%#<1'), (- ).# 6.(%#(1%*:.#% <5 *?>*,5 ('?, ('# *5:#6) (- ).# *0).(K

%<*? #A0*)<('B 7'+ = */ '() %#-#%%<'1 .#%# )( !+#/(6%*)<62 >*,5 (-

*55<1'<'1 *0).(%5.<: G).# 050*? !/*+# <' 6(??*@(%*)<(' ><).2 ).*) '#D#%K

).#?#55 +(#5 '() :%#6?0+# ).# *0).(% *5 (%<1<'*)<'1 N *'+ ).#%#-(%# 5<1'<'1

(>'#% N -(%6#HB = */ %#-#%%<'1 )( ).# -*6) ).*) >.*) +%*/*)0%1, *5 :%*6)<6#

:%(:(5#5 <5 ).# +<56(D#%, ).*) 1+ 10 +4* <"$@ 1+0*,: ).*) .*5 <)5 (>' 5(D#%K

#<1'F :#%-(%/*)<D# +#5<%#5F ><5.#5F *'+ 6(//*'+5B B+ 10 +4* <"$@ +4(+ "<&0

1+0 "<& (#+4"$1(, :"$.*B =' ).<5 5#'5#F ).# +*'6# +%*/*)0%1# ).#' +(#5 '()

>(%; -(% ).# 6.(%#(1%*:.#%F '(% -(% ).# +*'6#%5F '(% -(% (% ><). ).# ().#%

6(??*@(%*)(%5 N .# (% 5.# >(%;5 -(% *'+ ><). ).# :<#6# )( 6(/#B ^D#' <- '(

('# ;'(>5 ,#) >.*) ).*) /*, @#B G7?? 1%#*) :#%-(%/#%5F +<%#6)(%5F +#5<1'#%5

*?5( ;'(> ).<5 )%0). N @0) <) <5 ).# %(?# (- ).# +%*/*)0%1# )( 6('5)*')?,

%#/<'+ #D#%,('# <- <) *5 *' #).<6*? </:#%*)<D#HB

U(<'1 @*6; )( /, <'<)<*? :%(:(5<)<('3 <) <5 <' ).# )#'5<(' @#)>##' * A0*5<K

'().<'1'#55 :%#+<6*)#+ (' * +#5<%# G?#)$5 6*?? <) *0).(%<*?F -(% '(>F (' ).#

('# .*'+H *'+ *6)0*?<L*)<('5 >.<6. *%# 5)<?? )( 6(/# G?#)$5 6*?? <) -(% '(>F).# >(%; )( 6(/#HF ).*) +*'6# +%*/*)0%1, (:#%*)#5B

7'+ .(> +(#5 +*'6# +%*/*)0%1, (:#%*)#I e(> +(#5 <) >(%;I e(> +(#5 <)

<'.*@<) ).<5 L('# (- <'+#)#%/<'*)<(' ).*) <5 '#D#%).#?#55 D#%, :%#6<5#F D#%,

6('6%#)#F *'+ D#%, %<1(%(05I

X.#%# <5 '().<'1 6?(5#% )( ).# :%(6#55 (- !*6)0*?<L*)<('2 ).*' ).<5 >*, (-

6(K6%#*)<'13 ># 5)*%) ><). * L('# (- <'+#)#%/<'*)<(' ).*) 50%%(0'+5 D#%,

6('6%#)# #?#/#')5B X.<5 L('# +#)#%/<'#5 5:#6<-<6 *'+ >#??K+#-<'#+ '(+#5

(- :%(@?#/5 G-(% <'5)*'6#F 6.(%#(1%*:.<6 :%(@?#/5 N !.(> )( +*'6# 5)<??2

(% !.(> )>( @(+<#5 6*' (660:, ).# 5*/# 5:*6#2Hj '(+#5 (- *--#6)5 G-(%

<'5)*'6# *--#6)<D# :%(@?#/5 N !.(> )( 6%#*)# * @(+, (- :*'<6F * @(+, (-

-%#'L,F * @(+, (- ?(552Hj (% '(+#5 (- %#-#%#'6#5F -(% <'5)*'6# *#5).#)<6 ('#5

N !.(> ).# :*<')<'1 (- _%*'6<5 M*6('F (% a(5#:. M#0,5$ 560?:)0%#F (% 6#%)*<'

-%*1/#')5 (- :.<?(5(:.,F :(#)%,F *'+ +*<?, '#>5:*:#%5 6*' @# *6)<D*)#+ <'

).<5 :*%)<60?*% :<#6#> HB

_%(/ ).<5 <'<)<*? 6?(0+ (- #?#/#')5 *'+ ).#<% %#-#%#'6#5F * /(+# (- 6('+#'K

5*)<('F (% *6)0*?<L*)<('F '##+5 )( @# 6%#*)#+ N 6('6%#)#?,B 7 .#%# *'+ '(>

OPR 7'+%8 9#:#6;<



/05) )*;# 5.*:#F D#%, 6?#*%?, <' <)5 6('5<5)#'6, G#D#' <- ).<5 6?*%<), </:?<#5

)*;<'1 5.*:# *5 * @?0%F *5 ?('1 *5 ).*) <5 >.*) <5 @#<'1 6*??#+ -(%HB X.<5

)#/:(%*?<),F >.#%# /(+#5 (- 6('+#'5*)<(' *'+ *6)0*?<L*)<(' *%# #J:#%<K/#')#+ *'+ 6%#*)#+ *'+ +<56*%+#+ *'+ %#60:#%*)#+F <5 6*??#+ %#.#*%5*?B

=' +*'6#F ('# +<56(D#%5 >.<?# +%*/*)0%1<'1 -%(/ * :?*6# (- A0*5<K'().<'1K

'#55 ).*) -(% #D#%, 5:#6<-<6 >(%;F #D#%, '#> :%(E#6)F #D#%, '#> :<#6# @#<'1

/*+#F * /(+# (- #J:#%</#')<'1 N ).*) <5 )( 5*,F * /(+# (- %#.#*%5*? N

'##+5 )( @# <'D#')#+ *'#>F 5( ).*) ).# :<#6# ).*) '( ('# G#J6#:) ).# :<#6#

<)5#?- <' <)5 *)#/:(%*? 6('5<5)#'6,H ;'(>5 >.*) <) ><?? @#F 6*' @#6(/#

*6)0*?B C*'6# +%*/*)0%1, /05) *?>*,5 %#/#/@#% ).*) #*6. '#> :<#6#

+#/*'+5 <)5 5:#6<-<6 '#> /#).(+5 *'+ /(+#5B ̂ *6. :<#6# +#/*'+5 <)5 (>'

5:#6<-<6 >*,5 (- <'6(%:(%*)<(' *'+ *6)0*?<L*)<('B

_(% ^J*/:?#

=' ).# '#@0?(05 +(/*<' (- +%*/*)0%1<'1 @#)>##' * /0?)<:?<6<), (-

).(01.)5 *'+ * /0?)<:?<6<), (- *6)0*?<L*)<('5 6?*%<), <5 1*<'#+ ('?, @,

50@)?, *::%(*6.<'1 #*6. :#%-(%/*'6# #?#/#') <' ).# 6(')#J) (- <)5 )*;<'15.*:# -%(/ ).# /<5) (- A0*5<K'().<'1'#55 )( ).# 6('6%#)#'#55 (- *6)<('5B

e#%#F ).#%# <5 *' </:#%*)<D# ).*) /05) *?>*,5 @# *))#'+#+ )(B 7' <//*'#')

</:#%*)<D# N * 6*??<'1 ).*) <5 :?*6#+ @, *?? ).# #?#/#')5 <' ).# 5<)0*)<('3 *

+*'6#%$5 5:#6<-<6 @(+,F /(+# (- /(D<'1F /(+# (- @#<'1F *'+ )#/:#%*/#')j

* 1#5)0%#$5F (% 5)#:$5F (% :.%*5#$5 6(.#%#'6# ><).<' <)5 (>' ?(1<6 *'+ ><).<'

).# (D#%*?? ?(1<6 (- <)5 *%)<60?*)<(' ><). ().#% :%#6#+<'1F 5066##+<'1F *'+

50%%(0'+<'1 1#5)0%#5F 5)#:5 *'+ :.%*5#5j *' (@E#6)$5 /*)#%<*? 6(/:(5<)<('

*'+ -0'6)<('*?<), @0) *?5( ).# :(#)<6 %*/<-<6*)<('5 (- <)5 '*/# G-(% <'5)*'6#

.(> *' (@E#6) >(%;5 *5 * /#%# )((? (% <'5)%0/#') 6*''() @# <5(?*)#+ ('

.(> <)5 '*/# >(%;5 <' * -<#?+ (- >(%+5 ).*) 6*' 6%#*)# * 50@?</<'*? ,#)

6('6%#)# %#5('*') -<#?+ (- !*6(05)<6 </*1#5F2 (% 5<1'<-<#%5HB T*::<'1 .(>

*?? ).#5# #?#/#')5 -*?? <')( :?*6# @, 5(/#)</#5 6(.#%<'1F 5(/#)</#5

*+.#%<'1F 5(/#)</#5 +<5:#%5<'1 *'+ 5(/#)</#5 6('-?<6)<'1 ><). #*6. ().#%

N ).<5 <5 ).# )*5; (- +%*/*)0%1,B X.# +%*/*)0%1# 5#%D#5 ).<5 )*5;F @, @().

-(??(><'1 *'+ /*;<'1 ).<5 /*', -(%6#5 -(??(> ).# ?<'#5 ).#, ).#/5#?D#5

+%*>B

= */ 6(/:?<6*)<'1 .#%# ).# :%#/<5# G6#%)*<'?, :%(D<5<('*??,H (- +%*/*)0%1,

*5 ).# @%<+1# (% /#+<*)(% (- * +<--<60?) %#?*)<('5.<: @#)>##' >%<)<'1

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OPO



G:%#5#')#+ <' ).# :%(1%*/ *5 .*D<'1 *' !0'A0#5)<('*@?# %(?#2 <' :#%-(%/K

*'6#H *'+ :.,5<6*? *6)<('B

= */ *1%##<'1 ><). ).# :%#/<5# ).*) '(&.* +%*/*)0%1,$5 /*<' -0'6)<(' <5

<'+##+ (,0" ('# (- ;$1'81&8 *'+ /#+<*)<'1 * +<--<60?), N @0) = */ 5011#5)<'1

).*) ).<5 +<--<60?), 6(/#5 '() 5( /06.F (% '() /*<'?,F -%(/ ).# )#'5<('5 ).*)

/*, #J<5) @#)>##' !0'A0#5)<('*@?# >%<)<'12 *'+ :.,5<6*? *6)<('j @0) @#)>##'

( :1*,' ": &*;#,"#0 '10/*$01"& (0 0+($+1&8 /"1&+ (&' ( :1*,' ": :$(8)*&+($3 ."4*A

01"& (0 (& *&' /"1&+ B _0%).#%F = */ ?(6*?<L<'1 *5 /*<' (:#%*)<D# -(%6# <' +%*/K

*)0%1, ).# .*%+ >(%; (- +#5<%# N +#5<%# 0'+#%5)((+ *5 (8*&.*)*&+ F *5 +#5<%#

)( *55#/@?#F )( >(%; )(1#).#%F )( >(%; )(1#).#% ><). ).# >(%; N *'+ ).05

5#%D# ).# <//*'#') </:#%*)<D# (- * >(%; ).*) <5 6(/<'1 '() ('?, @#6*05# >#

+#5<%# <)F @0) @#6*05# <) G).# >(%;H >*')5 )( *%%<D#B 7'+F <' ).<5 +,'*/<65F = */

:%(:(5<'1 G:#%.*:5 :(?#/<6*??,H ).*) >.*) +%<D#5 +%*/*)0%1, <5 '() ).# +#5<%#

)( ;'(> N @0) ).# -(%6# (- '() ;'(><'1B

[##+?#55 )( 5*,F <' * !:(5)K+%*/*)<62 :#%-(%/*'6# 6(')#J)F )( 05# ).#

#J:%#55<(' (- e*'5KX.<#5 9#./*'F ).<5 :%(@?#/ (- +*'6# +%*/*)0%1,

@#6(/#5 *?5( ).# :%(@?#/ (- * ).#*)#% ).*) +(#5 '() +#:*%) -%(/ N '#<).#%

*</5 )( *%%<D# *) N *', (%<1<'*%, >%<)<'1 5(0%6#j @0) %*).#% )*;#5 -?<1.) -%(/* +<5:#%5#+ -<#?+ (- /0?)<:?# (%<1<'53 )#J)5j (@E#6)5j *6)(%5$ 5<'10?*%<)<#5j

*#5).#)<6 6('6#%'5j :(?<)<6*? -(%6#5j *' </*1#j * +%#*/j * D<%)0(5<6 )0%'j *

%*1#j * ).<'1j *' (@5#55<D# >(%+j *' *--#6)j * 5:*6#j * +*'6#%j * /(D#/#')F

1#5)0%#5S ^D#'F <' 5(/# 6*5#5F * )#J) (% )#J)5B

4(F -(% ).# +*'6# +%*/*)0%1# <' ).# 5)0+<( >*)6.<'1 +*'6#%5 /(D<'1/(DK

<'1/(D<'1 ><). '( ().#% *</ @0) )( 5#*%6. *'+ *6)0*?<L# >.*) ).#, +( '()

;'(> ,#) >.*) <) /*, @#F ).# A0#5)<(' <53 4"< '"*0 "&* <"$@ :$") (

/,#$(,1+3 ": ;($*,3 &"+41&80 I X.# 6(%%#?*)<D# A0#5)<(' <5 N *'+ .#%# ># 1(

@*6; )( ).# @#1<''<'13 e(> +(#5 ('# >(%; -%(/ &"+ @&"<1&8 I

T, #J:#%<#'6# <5 ).*) ('# >(%;5 -%(/ @(). '().<'1F (% @*%#?, '().<'1F *'+

-%(/ '() ;'(><'1F (% @*%#?, '() ;'(><'1F @, @#6(/<'1 *' *D<+ 6(??#6)(%F

>.( -(??(>5 ).# M#'E*/<'<*' %0?# <' %#1*%+5 )( ).# /*)#%<*?<5) .<5)(%<*'3 '(

5<'1?# #?#/#') (% #D#') 6*' #D#% 6('5<+#%#+ )( @# /<'(% (% <'5<1'<-<6*') *)

).# /(/#') (- ).#<% *::#*%<'1 G-(% ).# +%*/*)0%1#F *5 >#?? *5 -(% ).# .<5)(K

%<*' N *'+ ).# +%*/*)0%1# <' * >*, *?5( >(%;5 *5 * .<5)(%<(1%*:.#% (- ).#:<#6#HB ^D#%, #?#/#') <5 :()#')<*??, %#?#D*') <' *'+ -(% >.*) <5 ,#) )( 6(/#B

o'# +*'6#K+%*/*)0%1#5 @, ?#*%'<'1 .(> )( *55#/@?# * 6(??#6)<D# (-

OPV 7'+%8 9#:#6;<



/0?)<:?# /<'(% *'+ /*E(% #D#')5 ).*) 6(/# <')( @#<'1 ><).(0) *''(0'6<'1

).#<% %#?#D*'6#B X.<5 <5 ('# (- ).# /*<' %#*5('5 +%*/*)0%1,$5 6%<)<6*?

+<5)*'6# <5 ('# (- 6?(5# :%(J</<), N -*% *>*, +<5)*'6# #%*5#5 ).# /<'(% *'+).# /<6%(56(:<6B

e(> +(#5 ('# *55#/@?#I 71*<'F @, )*;<'1 !'() ;'(><'12 '() *5 * 6('+<K

)<(' )( @# (D#%6(/#F 50%:*55#+F %#:%#55#+F (% -##? *'J<(05 *@(0) K @0) *5 *

%<1(%(05 /#).(+ )( @# :0%50#+ )( <)5 0?)</*)# 6('5#A0#'6#5B ".*) a(58 U<?

>%()# (' ).# +*'6#%$5 @(+, 6(0?+ @# *::?<#+ )( +*'6# +%*/*)0%1,3

C#5<%# 6%#*)#5 *55#/@?*1#5B M0) ).# /(D#/#') )( *55#/@?# *?>*,5 (:#'5

<)5#?- 0: )(>*%+ '#> *55#/@?*1#5B X.<5 <5 @#6*05# +#5<%# +(#5 '() #J.*05)

<)5#?- <' :?#*50%#F @0) *01/#')5 <)5#?- @, *55#/@?<'1B X( 6%#*)# '#> 6(''#6K

)<('5 @#)>##' .#)#%(1#'#(05 /*)#%<*?5F '#> @('+5F ().#% :*55*1#>*,5 -(%

#'#%1,j )( 6(''#6)F )( :0) <' 6(')*6)F )( 5,/@<(5#F )( /*;# 5(/#).<'1

.*::#'F )( 6%#*)# /*6.<'#5F /#6.*'<5/5F *%)<60?*)<('5 N).<5 <5 >.*) *55#/K

@?<'1 <5 *@(0)B X( 6#*5#?#55?, +#/*'+ '#> *55#/@?*1#5 GU<?F VRRW3 VOKdYHB

X( 6('6?0+#

^01#'<( M*%@* ('6# :%(:(5#+ * D#%, 05#-0? +#-<'<)<(' (- +%*/*)0%1,F 1<D#'

<)5 .<1.?, :#%-(%/*)<D#F %*).#% ).*' .#%/#'#0)<6F #/:.*5<53 !+%*/*)0%1,

<5 '$()(A*$8"&C ).# >(%; (- ).# *6)<('5 <' ).# :#%-(%/*'6#B2

^D#' ).(01. M*%@* <' .<5 5.(%) )#J) (' C%*/*)0%1, <' D4* E*.$*+ ($+ ": +4*

2*$:"$)*$ #/:.*5<L#5 ).# )#J)0*? <' +%*/*)0%1, G>.#).#% ).<5 )#J)0*?

:%#6#+#5 ).# :#%-(%/*'6#F (% <5 +%*>' -%(/ ).# :#%-(%/*'6#HF = 05# M*%@*

.#%# '(> )( :#%-(%/*)<D#?, <??05)%*)# #J*6)?, .(> )#J)5 *'+ >%<)<'15 *%#

(-)#' /(5) :%(+06)<D#?, 05#+ <' +*'6# +%*/*)0%1, (% <' (

'$()(+#$83 ": '10/*$0*' (+)"0/4*$1. *,*)*&+0 "$ 1& ( '$()(+#$83 +4(+

'"*0 &"+ @&"<C *$$"&*"#0,3 B

X.<5 :%*6)<6# (- #%%<'1F = @#?<#D#F 6*' *++ * +<--#%#') )><5) )( ).# :%#/<5#

<' ).<5 #'6(0')#%$5 :%#-*)(%, )#J) ).*) *--<%/5 <' <)5 6('6?05<('3

^%%<'1 <')( )#J)5 *??(> 05 )( #J)%*6) -%(/ ).#/ :(55<@<?<L*)<('5 ).*) >(0?+().#%><5# %#/*<' .<++#'F (% +(%/*')F (% %#:%#55#+F (% 6#'5(%#+F 0'+#% ).#

</:#%*)<D# (- !:%(:#% 05#B2

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OPd



4(F = */ *++<'1 '(> )( M*%@* N+%*/*)0%1, *5 ).# >(%; (- ).# *6)<('5F ,#5B

M0) ('?, <- <) )(@*0 (.+1"&0 <"$@ N #%%('#(05?,B

=) <5 ).# )*5; (- ).# +%*/*)0%1#F *'+ :*%)<60?*%?, (- ).# +*'6# +%*/*)0%1#

G<' ).# :%*6)<6*? %#*?/ = */ *::%(*6.<'1 <) .#%#F ).*) <5 )( 5*,F *5 * 6(K

>(%;<'1 <' ).# +*%; -(% * :<#6# >.(5# 6('5<5)#'6, *'+ 5(/#)</#5 #D#'

!).#/#2 <5 ,#) )( 6(/#H )( *))#'+ )( *?? ).(5# *6)<('5 ).*) *%# 6('5)*')?,

@#<'1 :%(+06#+F 6('5)*')?, @#<'1 :%(:(5#+ @, #D#%, 5<'1?# #?#/#') 6(K

6%#*)<'1 ).# :<#6#B ^D#' >.#' ).#, *%# :%(+06#+ ><).(0) >%<)<'1 (% )#J)B

X.05 (@E#6)5F )#/:#%*)0%#F * )</# (- ).# +*, /05) *?5( @# 6('5<+#%#+

*6)<('5B [() ).%(01. * /#)*:.(%<6*? (% :(#)<6 (:#%*)<(' G!)( 5## *52H @0)

).%(01. * D#%, 6('6%#)# 0'+#%5)*'+<'1 (- ).# -*6) ).*) ).<'15 *'+ (@E#6)5

*'+ )#/:#%*)0%#5 (.+ B =' ).# #D#') (- +*'6#F *?? #?#/#')5 .$*(+* *'+ ($*

#D#')5B =) <5 * A0#5)<(' (- 0'+#%5)*'+<'1 ).#<% /(+0?*)<('F (- :<6;<'1 0:

*+#A0*)# (% <'*+#A0*)# A0*?<)<#5 -(% ).# :<#6# )( 6(/#B X.# /(+0?*)<(' (-

* 1#5)0%#j ).# /(+0?*)<(' (- * 6(?(%j ).# /(+0?*)<(' (- * :(#/j ).# /(+0K

?*)<(' (- *' (@E#6)B

76)<('5F <')#%*6)<('53 (@E#6)5 *6)<'1F +*'6#%5 *6)<'1 *'+ 6.(%#(1%*:.#%*'+ +%*/*)0%1 *'+ #D#%,('# #?5# *6)<'1 *'+ %#*6)<'1B X.%(01. *'+ (' ).<5

%#K*6)<D# -<#?+F '() 5( /06. * )#J)F @0) * )#J)0%# <5 >#*D#+F <')#%>#*D#+F

50)0%#+B 7 50%-*6# 5)*%)5 )( #/#%1# N * 5;<'F * D<@%*)<('F * /((+B ^?#/#')5

-*?? <')( :?*6# N #<).#% 5:(')*'#(05?,F (% *-)#% /(').5 (- 6('6*)#'*)<('B

^%%<'1B ^%%<'1B ^%%<'1B

".#' )*?;<'1 *@(0) #%%(%F * +, (') )*?;<'1 *@(0) -*<?<'1 (% -*<?0%#B = */ '()

:%(:(5<'1 * :(#)<65 (% *#5).#)<65 (- -*<?0%# G#D#' ).(01. 5(/# (- /,

.<1.?, %#5:#6)#+ <+(?5 <' :#%-(%/*'6# /*, @# <')#%#5)#+ <' *6)<D*)<'1

-*<?0%# <' :#%-(%/*'6# *'+ ).# :#%-(%/*'6# (- -*<?0%#F ?<;# U(*) =5?*'+F <'

).# ]4F (% _(%6#+ ^')#%)*<'/#') <' ).# ]hHB M0) = */ D#%, <')#%#5)#+ <' *

:(?<)<65 (% *#5).#)<65 (% * :(#)<65 (- *$$1&8 B o- 1#))<'1 ?(5)F (- /<55<'1 ).#

/*%;F (- 6*?60?*)<'1 >%('1?,B o- '() ;'(><'1 >.#%# )( 1( '#J)F @0) '#D#%K

).#?#55 1(<'1B

[() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B[() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B

[() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B [() ;'(><'1B

OPl 7'+%8 9#:#6;<



[().<'1 /(%# )#%%<-,<'1B

M0) <' ).<5 )#%%(% ).# '*/# (- * -01<)<D# -(%6# <5 *?%#*+, 6(')*<'#+ <' <)3#%%(%B X.<5 *--#6) <5 #J*6)?, >.*) 5)%<;#5 ).# +%*/*)0%1# <' .<5 (% .#% +*<?,

?*@(%B =) <5 #J*6)?, >.*) ).# +%*/*)0%1# <5 6('5)*')?, @#<'1 *6605#+ (- N (-

/*;<'1 * /<5)*;#F (- '() 5##<'1 :%(:#%?,F (- '() +*'6<'1 :%(:#%?,F (- '()

+#6<+<'1 :%(:#%?,F (- '() h[o"=[U ).# :<#6# :%(:#%?,S

X( ?#*%' .(> )( +#*? ><). ).#5# *6605*)<('5 (- '()K;'(><'1 *%# ).#

5#6('+*%, %<)#5 (- :*55*1# *?? +%*/*)0%1#5 .*D# )( 1( ).%(01.F *) ).#

@(<?<'1 /(/#') (- *6)0*?<L*)<('5F >.#' ).# :%#/<#%# <5 </:#+<'1 *'+ ).#

:<#6# %#*??, >*')5 )( %#/*<' * 6?(0+SB = 6#%)*<'?, #J:#%<#'6#+ /(/#')5 <'

>.<6. +*'6#%5 )(?+ /# G6(//*'+#+ /#H )( +*'6# ).# 5#6)<(' = >*5 )#??<'1

).#/ !+<+ '() -##? %<1.)2B 4( ,(0 1( 0: ).#%#F ,(0 ?((; ?<;# * -((?F (- 6(0%5#

,(0 +('$) ;'(> .(> )( +*'6#F #D#%,('# ?*01.5F ).# >(%; 6*' 6(')<'0#B

M0) -(% /#F <' /, >(%; *5 +*'6# +%*/*)0%1#F ).# )#%%(% (- '() ;'(><'1 <5

('?, ('#B 7'+ <) <5 5:#6<-<6 -(% #*6. *'+ #D#%, '#> :<#6#F 5( <) '##+5 )( @#

+#*?) ><). (D#% *'+ (D#% *1*<'B X.# )#%%(% (- '() ;'(><'1 >.*)I

X.# )#%%(% (- '() ;'(><'1 .(> )( .#?: ).# >(%; #56*:# ).# .,1.4F B

9#)$5 %#/#/@#% .#%# ).# D#%, 05#-0? (@5#%D*)<(' /*+# @, U<??#5 C#?#0L# <'

D4* G"81. ": E*&0(+1"& K ).*) ).# +%*/* (- ).# :*<')#% @#-(%# ).# @?*';F

>.<)# 6*'D*5F *5 .# (% 5.# <5 *@(0) )( :?*6# <' <) ).# -<%5) )%*6# (- * '#>

:*<')<'1 G* +%*/* ).*) ).# >%<)#% *?5( %#6(1'<L#5 @#-(%# ).# @?*'; :*1#F *5

.# (% 5.# <5 *@(0) )( .<) ).# -<%5) ?#))#% (- * :?*, )( 6(/#F * +%*/* >.<6. <5

*?5( ).*) (- ).# 6.(%#(1%*:.#%F *5 .# (% 5.# #')#%5 ).# @<1F #/:), 5)0+<(

*'+ <5 *@(0) )( /*;# ).# -<%5) 5)#:F 1#5)0%#F (% 5#A0#'6# (- /(D#/#') -(%

).# :<#6# )( 6(/# g9* f<@() )*?;5 *@(0) ).<5 +%*/*F *'+ 5( +(#5 c#%*

T*')#%(iH K ).<5 +%*/*F C#?#0L# %#/<'+5 05F +(#5 '() 6(/# -%(/ ).# -*6)

).*) ).# 6*'D*5F (% ).# :*1#F (% ).# 5)0+<(F *%# ^TZX\ *'+ '##+ )( @# -<??#+B

X.# +%*/* *'+ ).# )#%%(% 6(/# -%(/ ).# -*6) ).*) ).#5# *::*%#')?, #/:),

5:*6#5 *%# *?? *?%#*+, _=99^CF Zf^K_=99^CF "H*$:,"<1&8 ><). <''0/#%*@?#

`9=è^4 K >.<6. .*D# )( @# %#/(D#+F -<%5) (- *??B X.<5 <5 :*%)<60?*%?, :%#D*K

?#') <' +*'6#F >.#' ).# @(+, (- ).# +*'6#% .*5 @##' -<??#+ ><). )#6.'<A0#5*'+ 1#5)0%#5 ).*) 5##/ )( @# %#*+,K/*+# <' (%+#% )( 5#%D# * 6#%)*<' :%#K

6('6#:)<(' (- >.*) * +*'6# >(%; <5 N (% 5.(0?+ @#B

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OPY



X.<5 <5 ).# +%*/* k ).<5 <5 ).# )#%%(% N '() ;'(><'1 .(> )( #%*5# >.*)

*?%#*+, -<??5 0: ).# @(+,F (% -<??5 0: ).# :<#6# ).*) <5 ,#) )( #J<5)F ><).

6?<6.8B

X.# 5)%*)#1, C#?#0L# 1<D#5F <- ,(0 %#/#/@#%F <5 )( 6('5<+#% _%*'6<5 M*6('$5

'()<(' (- +<*1%*/ <??05)%*)#5 .(> ).# :*<')#% *))*6; ).# 6*'D*5 N )(

5/0+1#F @?0%F 56%*:F 56%*)6.F @?()B =' ).# 6*'D*5F ).#5# *6)<('5 (:#' * 5:*6#

).*) *) ?#*5) +#?</<)5 ().#% -<#?+5 (- :(55<@<?<L*)<(' -(% )%*6#5 *'+ -(%/5 )(

-<'+ 5:*6#B X.# 5*/# 6*' @# 5*<+ -(% >(%+5 6?#*%<'1 *>*, :*:#%B X.#%# <5

* -##+@*6; 5,5)#/*)<6<), 1(<'1 (' .#%#F >.#%#F .*'+F #,#F /<'+F 6.*'6#F

6('6#:) *?? -05# )(1#).#% <' * 6('6%#)# 6('5)%06)<D# +#5)%06)<(' N >.#%# ).#/*%; +#-<'#5 * /*::<'1 -(% * +<--#%#') ;<'+ (- >%<)<'1F >.<6. '(> %#)0%'5

)( (0% :%(@?#/*)<6 '() *5 *' *%6.#K>%<)<'1 G*5 C#%%<+* >*')#+H @0) *5 *

6.(%#(K>%<)<'1F -<??#+ ><). /(D#/#') ).*) 6*''() @# :%(:#%?, :<''#+

+(>'B

^%%<'1 #%%<'1 #%%<'1 #%%<'1 #%%<'1 #%%<'1 #%%<'13 >%<)<'1B

M0) <' ).# +*'6# 5)0+<(I e(> +(#5 ('# #'*6) ).#5# 5/0+1#5I e(> +(#5

('# %#/(D# ).# 6?<6.8 -%(/ ).# @(+, <- ># *%# +#:*%)<'1 -%(/ ).# @(+, *'+

*%%<D<'1 *) ).# @(+,F *'+ .(> +( ># %#/(D# 6?<6.8 -%(/ /(D#/#') <- >#

*%# *?%#*+, <' /(D#/#')I \(0 +#5)%(, *5 ,(0 /(D#F @0) ('6# ,(0 5)(:F

>.#%# *%# ).# /*%;5 -%(/ >.<6. )( 5)*%) 6(/:(5<'1I

X.#, *%# '() D<5<@?#B X.#, +( '() @#?('1 )( D<5<@<?<),B M0) ).#, *%# ).#%#B ='

* 5:*6# ).*) .*5 @##' %#K6.*%1#+ N *)/(5:.#%<6*??,j *'+ <' * @(+, ).*) .*5

@##' %#K*%)<60?*)#+B X.# +%*/*)0%1# ).#' 5)*%)5 )( ;##: )%*6; (- ).#5#

<')*'1<@<?<)<#5B X.#5# 6('6%#)# <'D<5<@<?<)<#5 ).*) 1#'#%*)# N/(5)?, *'*)/(5:.#%#B ".<6. (- 6(0%5#F ).# D<+#( 6*/#%* '#D#% 5##/5 )( %#1<5)#%B

7'+ .#%# <5 >.#%# >%<)<'1 #')#%5 *1*<'N * >%<)<'1 ).*) -(??(>5 ).# -*6)B 7

>%<)<'1 ).*) .*5 )( .*::#' 7_X^f !5##<'1 ><).(0) * :#'6<? <' .*'+2 )( 05#

T*%<*''# c*' h#%;.(D#'$5 @#*0)<-0? #J:%#55<(' ).*) )<)?#5 .#% 5.(%) @0)

<'6%#+<@?, *660%*)# #55*, (' +*'6# +%*/*)0%1, >%<))#' (D#% * +#6*+# *1(B

4##<'1 ><).(0) * :#'6<? <' .*'+B oD#% * .0'+%#+ ,#*%5 *1(F _%#0+ +#6<+#+

)( ?<5)#' ><).(0) * :#'6<? <' .*'+F 5( ).*) .<5 0'6('56<(05 6(0?+ @#))#%

)0'# <' )( ).# 0'6('56<(05 (- ).# ().#%B 4</<?*%?, ><). ).# +%*/*)0%1#$55##<'1 ><).(0) :#'6<? <' .*'+F <) <5 * A0#5)<(' (- )0'<'1 <' )( ).# D<%)0*?

6?(0+ (- ).# :<#6#$5 +#5<%#B

OPW 7'+%8 9#:#6;<



[() ;'(><'1B [() ;'(><'1B [() ;'(><'1B ^%%<'1B ^%%<'1B ^%%<'1B [()

%#*+,B [() %#*+,B [() %#*+,B ^%%<'1B ^%%<'1B ^%%<'1B

7) [\]F ('# (- /, 5)0+#')5 <' /, :(5)K1%*+0*)# 5#/<'*% (' ^J:#%</#')*?

C%*/*)0%1, >*5 >(%;<'1 ><). * ).#*)#% 6(??#6)<D# <' ).# :%(+06)<(' (- *

!:(5)K+%*/*)<6*?2 ).#*)#% :<#6#B 4.# .*+ 6(??*@(%*)#+ ><). ).<5 1%(0:

@#-(%#F ).#, >#%# -%<#'+5F ).#, )%05)#+ #*6. ().#%B 7) * 6#%)*<' :(<')F 5.#

/*+# * +#6<5<(' (' .(> )( -%*/# .#% +%*/*)0%1<6*? :%#5#'6# *'+ ?*@(% <'

).<5 '#> 6(??*@(%*)<('B 4.# +#6<+#+ ).*) 5.# >(0?+ ('?, 1<D# !@*+ *+D<6#2

).%(01.(0) ).# -<%5) :*%) (- ).# :%(6#55B =' .#% (>' >(%+5F 5.# )((; -(%

.#%5#?-I ).# )*5; (- !+%*/*)0%1# *5 0(;"+*#$ B2 4.# >(0?+ >(%; ><).(0)

%#5) )( *?>*,5 :(<') )( ).# !>%('1 +<%#6)<('B2 _(%6<'1 #D#%,('# )( 1#) ?(5)B

7) ).# #'+F '( ('# ;'#> *',/(%# >.*) ).# :<#6# >*5 *@(0)F >.*) ).#

:%(6#55 >*5 *@(0)F >.*) .*+ +%<D#' ).#/ ).#%#B X()*??, ?(5)F ).#, >(%;#+

*'+ >(%;#+ *'+ >(%;#+B ^%%<'1F #%%<'1F #%%<'1B [() ;'(><'1F '() ;'(><'1F

'() ;'(><'1B ]')<? -<'*??, 5(/#).<'1 #?5#F 5(/#).<'1 *?)(1#).#% +<--#%#')

-%(/ >.*) .*+ @##' 6('6#<D#+ *5 <'<)<*? :(<') (- +#:*%)0%# *'+ *%%<D*?

5)*%)#+ )( D*10#?, )*;# 5.*:# N *) ).<5 :(<')F 5.# 5)(::#+ ).# 5*@()*1#B

X.# .,1.4F0 .*+ @##' %#/(D#+B 4(/#).<'1 6(0?+ 5)*%) )( @# @0<?)B

^D#%,('# >*5 %#*+,B

!"#$%# '() %#*+, -(% ).# +%*/*)0%1#23 4(/# '()#5 -(% +*'6# +%*/*)0%1, OPn





!" $%&$'" &()( *+%$,(-!" )$*+"./01+" *$ !"#$%&'' *$ 2(3' 2$%/0/'

4(''+$ 5"00"'&"

2(3' 2$%/0/' .0"6"7" $' 8/$9" :(0; *$%*$ 3"&$ )<% *$ *(% *=&"*"% &()(*0")"./01(> *+0$&.(0 ? "0.+%." )/@.+)$*+"- A/% &0$"&+('$% ($$) +'$$) >+,-. > ? +'"/01 2$13#,> %(' B0(*/&&+('$% .$".0"@$% C/$ +'&(0B(0"' $@ 9D*$(

? $@ &+'$ $' @" 0$B0$%$'."&+E' $%&='+&"> $' (.0"% 0$9+%" &@<%+&(% &()( !&345 1- ? !"'-61$1$4 - F@ )+%)( .+$)B(> 3" $%&0+.( ? B/$%.( $' $%&$'" )<% *$%$%$'." $B+%(*+(% *$ %/ *0")" $' %$0+$ 70&,/ ", & 8-"9 :--,- G+('$0( $'$@ /%( *$ @(% )$*+(% "/*+(9+%/"@$% $' @" 0$B0$%$'."&+E' .$".0"@> 2(3' 2$%/H0/' 3" $IB@(0"*( $%.+@(% .$".0"@$% C/$ 9"' *$%*$ @" '"00"&+E' "@ *0")"> "@.$".0( )/%+&"@ ? 3"%." $@ J.$".0( +'K(0)<.+&(L> )(9+*( B(0 %/ &('%."'.$*$%"KD( " @" B$0&$B&+E' *$ @(% $%B$&."*(0$%-

A/ 0$&+$'.$ B0(*/&&+E' *$ !"#$%&'' $% /' $7$)B@( *$ /' .0"6"7( +''(9"*(0

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

9+0./"@$% ? $' 9+9( $' +3)$# 8"4"-,- A/ .0"6"7( +'&(0B(0" @(% )$*+(% "/*+(H9+%/"@$% $' @" 0$B0$%$'."&+E'> )<% C/$ /.+@+N"0@(% %+)B@$)$'.$ &()( +@/%H.0"&+E' ( *$&(0"&+E'-



F%+)+%)(> !"#$%&'' $% /'" B+$N" &()B@$.")$'.$ "&.+9"*" B(0 $@ /%( *$T'.$0'$. $' *+0$&.( */0"'.$ @" .(."@+*"* *$ @" 0$B0$%$'."&+E'- M% /' $7$)B@(

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

M%.$ $% $@ B@"'.$")+$'.( *$ !"#$%&''; 3"? (&3( B$0%('"7$%> /'( *$ $@@(%"B"0$&$ %(@")$'.$ $' 9D*$(- F@1/'(% .+$'$' '()60$%> (.0(% %$ *+%.+'1/$'%+)B@$)$'.$ B(0 @$.0"%> ."@$% &()( J]L ( J^L- S+$'$' &+$0."% +'%.0/&&+('$%>

%(60$ &E)( &()B(0."0%$> C/$ B/$*$' %$0_ B0(B"1"0 $@ &"(% ( &")6+"0 @"0$"@+*"* B$0&+6+*" *$ @( C/$ $%.< %/&$*+$'*( $' @" 0$B0$%$'."&+E'- !(%"&.(0$% $%.<' %$'."*(% $' *+K$0$'.$% )$%"% $' $@ $%B"&+( $%&='+&(> K0$'.$" (0*$'"*(0$% B(0.<.+@$% B0(9+%.(% *$ &('$I+E' " T'.$0'$.-

`"? *(% B0(?$&.(0$% *$ 9D*$( ? /'" &<)"0" $' 9+9(- V$.0<% ? $'&+)" *$&"*" "&.(0 3"? /'" 10"' B"'."@@" *$ B"0$* C/$ )+*$ "B0(I+)"*")$'.$ aP)$.0(% *$ @"01( B(0 bc )$.0(% *$ "@.(- d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

A$ 3" &0$"*( /' %+.+( R$6 */0"'.$ $@ B0(&$%( *$ @"% 0$B0$%$'."&+('$% ? *$

@(% $'%"?(% $' $@ C/$ %$ "0&3+9"' $@ .$I.( *$ @" B+$N"> "B/'.$% *$ $'%"?(%>*(&/)$'.(%> +)<1$'$%> &(00$(%> &@+B% *$ )U%+&" ? *$ 9D*$(> "%D &()("0&3+9(% 9"0+"*(%- d"*" B$0%('"7$ .+$'$ %/ B0(B+( %+.+( R$6 "@ &/"@ %$

OPP 4(''+$ 5"00"'&"



B/$*$ ","*+0 )".$0+"@ '/$9(- d/"@C/+$0 )".$0+"@ B0$10"6"*( *+%B('+6@$*/0"'.$ @" 0$B0$%$'."&+E' $% 1/"0*"*( $' @" R$6 B0+'&+B"@ ? B/$*$ %$0

/.+@+N"*( */0"'.$ @" "&./"&+E'-

S(*" &()/'+&"&+E' %$ 3"&$ " .0"9=% *$ T'.$0'$. ? $%.< %+$)B0$ 9+%+6@$ B"0"$@ BU6@+&(- !(% B(0.<.+@$% *$ @(% "&.(0$% $%.<' B0(9+%.(% *$ R$6&")%> ? %$&()/'+&"' $'.0$ $@@(% B(0 )$*+( *$@ &3".- d/"'*( @@$1" $@ BU6@+&(> @(%"&.(0$% $%.<' K0$'.$ " %/% B(0.<.+@$% $'9+"'*( &(00$(%> '"9$1"'*(>&()B0"'*(> 0$&/B$0"'*( *(&/)$'.(%> $.&- W%/60"?"'*( *$%*$ $@ B0+'&+B+(@" "'/@"&+E' *$ %/% "&.+9+*"*$% B0+9"*"% ? B0(K$%+('"@$%- !(% "&.(0$%"&.+9"' &('.+'/")$'.$ .0"'%)+%+('$% $' *+0$&.( B(0 )$*+( *$ T'.$0'$.> "@"% C/$ %$ %/)"' @"% *$@ %+.+( B$0%('"@ *$@ *+0$&.(0> C/$ .")6+=' B/$*$B0(9$$0 *$ )".$0+"@- 2$%/0/' *$&+*+E '( &('.0+6/+0 &(' .0"'%)+%+('$% $'*+0$&.( */0"'.$ @" 0$B0$%$'."&+E' B"0" C/$ K/$0"' %(@")$'.$ @"% $@$&&+('$%C/$ @(% +'.=0B0$.$% 3+&+$0"' $' T'.$0'$. @"% C/$ *$.$0)+'"%$' $@ 0$%/@."*(*$@ .0"6"7(- F B$%"0 *$ C/$ $@ B/'.( *$ B"0.+*" *$ !"#$%&'' $% @" (60" *$2$%/0/'> $@ .0"6"7( $' %D %$ *$%B@+$1" &()( /' .$I.( &(@$&.+9( C/$ %$ 9"0$&0$"'*( */0"'.$ @" 0$B0$%$'."&+E' B(0 )$*+( *$ %$@$&&+('$% *$@ "0&3+9(*+1+."@ )/'*+"@ ? *$ @" )$)(0+" +'*+9+*/"@ 3/)"'"- !" &(00+$'.$ *$

T'.$0'$. K/'&+('" &()( /'" &(00+$'.$ *$ &('%&+$'&+"> &0$"*" B(0 .(*(% @(% 7/1"*(0$%> C/$ " %/ 9$N +'.$'."' &('.0(@"0 ? 0$1/@"0 @" &(00+$'.$ '"00".+9"-

M@ 0$%/@."*( *$ $%." $%.0".$1+" .$I./"@ "6+$0." $% C/$ @" &/$%.+E' *$ @""/.(0D" %$ 9$ &/$%.+('"*( B(0 @" 0$'/'&+" *$ 2$%/0/' " &('.0(@"0 $@ 0$%/@H."*( *$@ .0"6"7(- S")B(&( %$ $K$&.U" /'" )$N&@" $' *+0$&.( B(0 /' .=&'+&(*/0"'.$ @" 0$B0$%$'."&+E'- A+' $)6"01(> /' +'.=0B0$.$> @@")"*( G$$ R$$>.+$'$ $' %/ 6(@%+@@( /' )"'*( +'"@<)60+&( @@")"*( /' JR++L C/$ @$ B$0)+.$)"'*"0 K0$&/$'&+"% C/$ +'.$0"&.U"' &(' @"% B0(?$&&+('$% $' @" B"'."@@"-M%." +'.$0"&&+E' *$ @" e$* @$ *" /'" &/"@+*"* *$ "%./&+" &"@&/@"*" "@ 7/$1(-d"*" 0$B0$%$'."&+E' $% *+K$0$'.$- 5/&3"% *$ @"% .=&'+&"% *$ !"#$%&'' ?" %('$9+*$'.$% $' @(% B0+)$0(% )+'/.(% *$ @" 0$B0$%$'."&+E'_ $@ /%( *$ )".$0+"@."'.( 10"6"*( &()( $' *+0$&.(> @" )/@.+B@+&+*"* *$ +)<1$'$% "@$".(0+"%> @"*$%&('$I+E' *$ @(% +'.=0B0$.$% *$ @" 0$"@+*"* ? %/% B".0('$% *$ *+%&/0%(&('.0"*+&.(0+(% &/"'*( +'.$0"&.U"'- !"#$%&'' %$ B0(@('1" *$ $%." )"'$0"*/0"'.$ /'" 3(0"-

5+$'.0"% !"#$%&'' %$ *$%"00(@@"> @" $%.0/&./0" *$ @"% B0(?$&&+('$% *$ B"'."@@"*+9+*+*" $)B+$N" " K/'&+('"0 &()( /' JB$0%('"7$L " @" )"'$0" *$@@$'1/"7$ "/*+(9+%/"@> B('+$'*( *$ 0$@+$9$ %/ $%.0".$1+" &()B(%+&+('"@-

<& $46$,& 6-=- 9"4$>-? !" )$*+"./01+" *$ !"#$%&'' *$ 2(3' 2$%/0/' OPf



2/$1" &('.+'/")$'.$ &(' +)<1$'$% C/$ %$ %(@"B"' ? C/$ 9"' &")6+"'*(*$ .")",( B"%"'*( B(0 *+K$0$'.$% $%&"@"% )+$'.0"% %$ )/$9$' 3(0+N('."@H

)$'.$ ? 9$0.+&"@)$'.$ " .0"9=% *$ .(*" @" B"'."@@" *$ @" B"0$*- F 9$&$%@@$1"' " "B"0$&$0 3"%." *(% *(&$'"% *$ +)<1$'$% %/B$0B/$%."% $'J*+<@(1(L> C/$ $@ BU6@+&( B/$*$ 9$0 ( @$$0 )+$'.0"% %$ $%&/&3"' %+)/@.<H'$")$'.$ @(% *+%&/0%(% *$ @(% B$0%('"7$%- M' @" &"@+*"* *(6@$ *$@ $9$'.(>$@ BU6@+&( )+0"> @$$ ? $%&/&3"> &('K0('."*( B(0 @" '"00".+9" *$ @" 0$B0$H%$'."&+E' $' 9+9( $' $@ $%B"&+(> ? B(0 $@ &('.+'/( K@/7( '"00".+9( *$+)<1$'$% *$ @" e$* W/'"% B0$*$.$0)+'"*"%> (.0"% "@$".(0+"%W> &(' @"&()B@+&"&+E' ","*+*" *$ C/$ @(% +'.=0B0$.$% "*$)<% "B"0$&$' &()(+)"1$' *$ 9D*$( ? 9(N $' *+0$&.( $' @" B"'."@@" *$@ (0*$'"*(0-

g%." $% /'" @+%." B"0&+"@ *$ +)<1$'$% C/$ 0$B0$%$'."' " @" 9$N %+.+(% J$'*+0$&.(L ( %$&/$'&+"% J$'&('.0"*"%L_

h G<1+'"% *$ *(&/)$'.(%> "B/'.$% *$ &(00$(> 6U%C/$*"% *$ i((1@$-h M@ B0$%+*$'.$ !?'*(' 2(3'%(' B0('/'&+"'*( /' *+%&/0%( %(60$ +'&+H

*$'.$% 0"&+"@$% $' $@ A/0 *$ @(% M%."*(% j'+*(%-h e$B(0."7$% *$ @" d88-

h j'" $'.0$9+%." &(' $@ )U%+&( *$ 0(&; 2+)+ `$'*0+I-h T)<1$'$% *$ K+1/0"% *$@ *D"> &()( $@ K+'"'&+$0( &(00/B.( 4$0'"0*

5"*(KK-h V".(% &+$'.DK+&(%> *+"10")"%> )"B"%-h j'" +)"1$' *$ /' &0<'$(-h j'" +)"1$' *$ i"'*3+-h 4"'*"% *$ 0(&; &"'."'*(-h M%&$'"% *$ &"@@$-h A$&/$'&+"% *(&/)$'."@$%-h !" B(0."*" *$@ @$. A-#B C"=$4 -

d()B"0"'*( !"#$%&'' &(' /'" K(0)" *$ &/"1)#-) "'.$0+(0> @" *$ @(% ",(% kP>@" B"'."@@" %$ B(*0D" @$$0 &()( /'" 9$0%+E' &('.$)B(0<'$" *$@ J!+9+'18$l%B"B$0L- `(? $' *D"> @" "*+&+E' *$ $%.(% *".(%> &()B"0"6@$ &(' @"$IB"'%+E' *$ /' "0&3+9( *+1+."@> $% C/+N< )$7(0 $'.$'*+*" &()( $@ $C/+9"H@$'.$ *$ )".$0+"@ *$ &E*+1( "6+$0.(- m+%.( *$%*$ (.0( <'1/@(> $%.$ B0(&$%(*$ &()B(%+&+E' B/$*$ %$0 $'.$'*+*( &()( /'" K(0)" *$ J.0(&$"*(L @+.$H

0"0+(> "3(0" *+1+."@+N"*( $' /' &(@@"1$ 9+9(- 8+'1/'" *$ $%."% +)<1$'$% %$0$@"&+('"' $'.0$ %D> B$0( $I+%.$' &()( @"% B0(B+"% 6U%C/$*"% ? @"% &"0B$."%C/$ @(% "&.(0$% .+$'$' 1/"0*"*"% $' %/% B(0.<.+@$%> "%D &()( @"% *+%.+'."%

OPO 4(''+$ 5"00"'&"



B<1+'"% B(0 @"% C/$ '"9$1"' */0"'.$ @" 0$B0$%$'."&+E'- !"% +)<1$'$%"B"0$&$' &"*" '(&3$ $' *+K$0$'.$% &('K+1/0"&+('$%_ B/$*$ C/$ %$ 3"?"

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

AE@( 3"? /' .+$)B( *$ @" 0$B0$%$'."&+E' $' $@ C/$ @(% B$0%('"7$% B('$' $'B0+)$0 B@"'( %/ B0$%$'&+" 3/)"'" ( $@$&.0E'+&" *$ )"'$0" +'*+%&0+)+H'"*"- !"#$%&'' %$ $'K0$'." " @" &/$%.+E' *$ %+ $@ K@/7( +'K+'+.( *$ @" e$* 3"&$C/$ $@ $%B"&+( *$ @" 0$B0$%$'."&+E' %$" )$'(% 0$"@> $IB('+$'*( @(% $C/DH9(&(% *$@ &+6$0$%B"&+( &()( $%B"&+( *$ 0$B0$%$'."&+E'- !(% B$0%('"7$%0$&+."' $@ .$I.( )$)(0+N"*( "@ )+%)( .+$)B( C/$ '"9$1"' B(0 @" e$*>(K0$&+$'*( @" )/@.+."0$" &()( $%.+@( +'.$0B0$.".+9(- e$B0$%$'." /' *$%"KD(B"0" &/"@C/+$0 "&.(0- M% .(*"9D" )<% &()B@+&"*( C/$ @" B0<&.+&" *$ @(%"&.(0$% *$ S3$ R((%.$0 i0(/B> C/$ )+0"' *+K$0$'.$% )('+.(0$% *$ .$@$9+H%+E' */0"'.$ /'" 0$B0$%$'."&+E' ( C/$ 0$&+6$' /' .$I.( 3"6@"*( B(0 )$*+(*$ /' "/0+&/@"0- !" )$*+"./01+" *$ 2$%/0/' $I+1$ /' "&$0&")+$'.( 0"*+&"@? K@$I+6@$ " @" 0$B0$%$'."&+E' B(0 B"0.$ *$ @(% "&.(0$%> C/$ '( $%.< 6"%"*($' .0"6"7"0 &(' /' .$I.( ( /'" %$0+$ *$ +)<1$'$% K+7"% C/$ %$ 9"' *$%"00(H@@"'*( " .0"9=% *$@ .+$)B( 0$"@ *$@ $9$'.(- M' $%.$ &"%(> $% $@ 0+.)( *$@(0*$'"*(0 $@ C/$ &0$" @" .$'%+E' *0")<.+&"-

M@ &('&$B.( *$ B$0%('"7$ $%.< 9+'&/@"*( " %/ &('K+1/0"&+E' B(0 "&.(0$% $'$@ $%B"&+( 9+0./"@> )+$'.0"% $@ $9$'.( .$".0"@ 9" 3"&+" @" &('%.0/&&+E' *$ %/B0(B+( %+.+( R$6- M@ &('K@+&.( *0")<.+&( %$ *$%B@+$1" $' %/% +)<1$'$%> C/$&()B+.$' &(' )<% K0$&/$'&+" $' @" B"'."@@" C/$ $' $@ $%B"&+( *$ 0$B0$%$'H."&+E'- G(0 @" )"'$0" $' @" C/$ "B"0$&$' %/% B0+'&+B+(% *$ )$*+"./01+">!"#$%&'' )/$%.0" @" $46$,& 6-=- 9"4$>-? !(% +'.=0B0$.$% +'.$0"&.U"' &(' @"B"'."@@" *$@ (0*$'"*(0 *$ 9"0+"% )"'$0"%_

h j' B$0%('"7$ C/$ "B"0$&$ $' 9+9( 3"6@" " /'" +)"1$' *$ /' B$0%('"7$C/$ $%.< $' @" B"'."@@"> ( /' "&.(0 C/$ $%.< $' 9+9( %$ 9$ +'.$0B$@"*( B(0/'" +)"1$' $' B"'."@@"-

<& $46$,& 6-=- 9"4$>-? !" )$*+"./01+" *$ !"#$%&'' *$ 2(3' 2$%/0/' OPk



h G$0%('"7$% %$'."*(% C/$ )+0"' @" B"'."@@" *$ +)<1$'$% $' 9+9(-

h V(% )('E@(1(% %$ 0$B0(*/&$' $' %$&/$'&+" $' /'" B"'."@@" *+9+*+*">&()( $' @" "B$0./0" *$ @" B+$N" &(' 5"0? ? J^L )(%.0"*(% B(0 )$*+( *$+)<1$'$% B0$H10"6"*"%-

h F@1/'(% B$0%('"7$% *+%.(0%+('"' %/% B0(B+"% +)<1$'$% $' @" B"'."@@"/.+@+N"'*( %/% R$6&")%- j'" +)"1$' B/$*$ $%."0 K/$0" *$ %+'&0('D" &('

$@ *+%&/0%( $' *+0$&.( *$ /' B$0%('"7$ )+$'.0"% $% .0"'%)+.+*( B(0T'.$0'$. )$*+"'.$ $@ &3". ? %$ *+0+1$ " "@1/'(% *$ @(% B$0%('"7$%%$'."*(% K0$'.$ " (.0(% B(0.<.+@$%-

h !" %/B$0B(%+&+E' *$ +)<1$'$% C/$ (&/B"' .(*" @" B"'."@@"> +'.$00/)B$? %$ /'$ " @" &('.+'/+*"* *$@ *+<@(1(-

h d/"'*( /' %+.+( R$6 &(' %('+*( *()+'" @" B"'."@@"> @(% B$0%('"7$%.+$'$' C/$ *$7"0 @( C/$ $%.<' 3"&+$'*( ? $%&/&3"0@(-

h F@1/'(% B$0%('"7$% B/$*$' $%."0 $' &()B$.$'&+" &(' $@ %+.+( R$6> ?"B"0$&$0 $'.('&$% /' &('K@+&.( *$ *+K$0$'.$% '+9$@$% *$ 0$"@+*"*> $'.0$ @(0$"@ ? @( 9+0./"@-

OPb 4(''+$ 5"00"'&"

!"#$%&'' - 2(3' 2$%/0/)> OPPQ- ^(.(_ G"/@" d(/0.



h j' B$0%('"7$ %$ B/$*$ &()B"0"0 &(' %/ +)"1$' $' B"'."@@"> $' @( C/$ %$B(*0D" &('&$6+0 &()( /'" "&./"@+N"&+E' *$@ &('&$B.( *$ B$0%('"7$

B+0"'*$@@+"'(- !" B"'."@@" %$ 9/$@9$ *$ $%." K(0)" $@ $%B$7( *$ @"%(&+$*"*- JM%.( %$ @( $%.(? &('."'*( "@ %+.+( R$6L *+&$ $@ 7(9$' &('(&+*(&()( J]L> C/+$' %+09$ " 9$&$% *$ 0"N('"*(0 *$ @" (60"- !" B"'."@@".")6+=' B/$*$ B0(9$$0 /'" )<%&"0" $' /' )/'*( *$ +*$'.+*"*$%(&/@."%-

J!" +*$" $% &0$"0 "@1( " B"0.+0 *$ "@1/+$'- G"0" .+- d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j'(*$ $@@(%> 8(%$l(0.3?> $% .0"'%$I/"@- FB"0$'."'*( /' 10/B( )<% C/$ /'"

&()/'+*"*> @(% B$0%('"7$% *$ !"#$%&'' 0$B0$%$'."' /'" 7/9$'./* *$%"K$&."C/$ B"0$&$ $I+%.+0 K/$0" *$@ .+$)B( 0$"@ B$0( C/$ +'.$'." $' $@ )()$'.((01"'+N"0 $@ )/'*( *$@ K/./0(- Jd()( %"6$)(%> &"*" *(% ",(% "B"0$&$/'" '/$9" 1$'$0"&+E'> /'" '/$9" K(0)" *$ B$'%"0 ? $%."0L *+&$ T%&"0+(.-

M%.(% B$0%('"7$% B+$0*$' B0(10$%+9")$'.$ %/% B$0%('"@+*"*$% +'*+9+*/"@$%B(0 %/ *$%$( *$ &('K(0)+*"* ? B(0 @( C/$ "*)+0"' B$09$0%")$'.$ &()( @"B/0$N" *$ @" 9"&/+*"*- !" @$.0" *$ !(/ e$$*> Jn3> +.o% %/&3 " B$0K$&. *"?LXJn3> C/= *D" ."' B$0K$&.(LY $% /' $%.0+6+@@( C/$ %/$'" 0$B$.+*")$'.$ $' @"B0(*/&&+E'> ? %+09$ *$ &('.0"B/'.( +0E'+&( " %/% &+0&/'%."'&+"% *$%"K(0./H'"*"%- A(' &/@.(%> )/? 3"6@"*(0$% ? *$ )"@ 1$'+(> '( %"6$' %+ %(' B$0%('"%0$"@$% ( B$0%('"7$%> '+ *E'*$ $%.<'- F@1/'(% B"0$&$' .$'$0 /' B"%"*( $'&()U'> (.0(% $%.<' &('.0"."*(% B"0" 3"&$0 /' .0"6"7( C/$ '/'&" %$ *$%&0+6$-S(*(% %$ 3"' B/$%.( *$ "&/$0*( $' 1/"0*"0 $@ %$&0$.( *$ )"'$0" C/$ '"*+$B/$*" 9$0%$ &()B0()$.+*(- ZS0"6"7"' B"0" /'" (01"'+N"&+E'[ Zj'" &(0B(H0"&+E'[ Z/'" %$&." 0$@+1+(%"[ ZV$ *E'*$ 9+$'$' %/% *+0$&.+9"%[

M@ &$'.0( *$ B(*$0 *$ !"#$%&'' $% +'9+%+6@$> " *+K$0$'&+" *$ @(% %+%.$)"%&$'.0"@+N"*(% *$ &('.0(@ "'.$0+(0$%> &(' %/% &E*+1(% ? &()B(0.")+$'.(%$I.$'/"'.$%> ? B$0%('"@+*"*$% *$%)$%/0"*"% ? $I&$%+9")$'.$ 3/)"'"%-

<& $46$,& 6-=- 9"4$>-? !" )$*+"./01+" *$ !"#$%&'' *$ 2(3' 2$%/0/' OPc



!" 9+%+E' C/$ .+$'$ 2$%/0/' *$@ B(*$0 $)"'" *$@ $%B"&+( 9+0./"@- V$%*$ (.0(@/1"0- M% $@ "/.(0+."0+%)( K0D(> "6%.0"&.(> &"@&/@"*(> *$ /' (0*$' )/'*+"@

K/./0( C/$ 0$B0$%$'." $@ B(*$0 +'%.+./&+('"@ '( +*$'.+K+&"6@$ )<% C/$ $@9+$7( (B0$%(0 3/)"'( &/?"% "06+.0"0+"% *+0$&.+9"% %$ B0(*/&D"' $' $@)/'*( 0$"@-

M' $@ '"0&+%+%)( *$ %/ ")(0 B0(B+(> $%.(% B$0%('"7$% %+' $'&"'.( +'.$'."'&('%.0/+0 /'" 3+%.(0+"> 0$B0$%$'.".+9" C/+N<> *$ %/ U@.+)( .0(N( *$ 3/)"H'+*"*- g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d/"'*( *(% B$0%('"7$%+'+&+"' /'" &('9$0%"&+E' 0()<'.+&"> %/ @$'1/"7$ %/$'" &()( *$ (.0" =B(&"-

d"6$ *$%."&"0 C/$ @(% &")6+(% &/@./0"@$% )/'*+"@$% 3"' B0(9(&"*( $' @(%U@.+)(% ",(% /'" .0"'%K(0)"&+E' *$ @" '(&+E' *$ *+%&/0%( $' $@ .$".0(- M'@(% &"%(% )<% &('9+'&$'.$%> $@ @$'1/"7$ *0")<.+&( %+09$ *$ &0D.+&" *$ @"0$"@+*"*- j'" (60" C/$ 9+$'$ " @" )$'.$ $% !&# F.&G *$ @" $%&0+.(0" 60+.<H'+&" d"0?@ d3/0&3+@@- M' %/ 0$.0".( *$ /' &"."%.0EK+&( K/./0( .(."@+."0+(> /'B$0%('"7$ 3"6@" &(' /'" %+'."I+% *+%.(0%+('"*" C/$ 0$K@$7" @" B$09$0%+E'*$@ (0*$' '"./0"@- F%D $% &()( @" 7(9$' 2("' *$%&0+6$ $@ B"+%"7$_

3"6D" &/$0B(% ")('.('"*(% ?> %+ .$ B"0"6"% " $'.$0"0.$> " /'( @$

3"6D" )"."*( $@ &"K= ? " (.0( @$ 3"6D"' )"."*( "@K+@$0$%> @$% )"."0('

@" 3$0(D'"> $@ B$.0E@$(> @"% )(.(%+$00"%> @" @"&" B"0" $@ B$@(> @" @$7D"> @"%

*$*"@$0"%> $@ (@(0 " 3/)( $%."6" *('*$ $%.<6")(% C/$)"'*( @"

3+$06" C/$ '( %$09D"-

j'" $I.0"&.( *$@ !"#$%&'' *$ 2$%/0/' *$)/$%.0" *$ K(0)" B"0$&+*" /' '/$9((0*$' )/'*+"@- `$ "C/D /'" &('9$0%"&+E' $'.0$ "@1/'(% B$0%('"7$%_

8(%$l(0.3?_ ^(0)")(% B"0.$ *$ /' $%."*( *$ <'+)(> *$ /'" &(@(0+H

N"&+E'> *$ /' @"9"*(-

OPQ 4(''+$ 5"00"'&"



^_ ZG(0 C/= '( .$ B+$0*$% $' $%(> $' @"% @/&$% B"0B"*$"'.$%> ? .$

C/$*"% K$@+N[

T%&"0+(._ p8( +0= " ^/';?.(l'q]_ M% @( C/$ *$&D" 4+11+$ A)"@@% ( `(66$%_ J@" 1/$00" *$ .(*(% &('.0"

.(*(%L-

e_ ZG(*$)(% &")6+"0 *$ .$)"[

8(%$l(0.3?_ !( %+$'.(> B$0( 9")(% " .$'$0 C/$ 0$$%&0+6+0.$-

F @( @"01( *$ !"#$%&'' > 2$%/0/' *$)/$%.0" &E)( @" )$.<K(0"> @" @E1+&"> @"B"@"60" ? @" "&&+E' $' /' )()$'.( ? @/1"0 $%B$&DK+&(%> $%.<' )$N&@"*(% ?

*$%C/+&+"*(% *$ @" 0$"@+*"* $' $@ )/'*( *$ %/% B$0%('"7$%- M' $%." '/$9"B(=.+&"> 3"' "%+)+@"*( @" 0$.E0+&" *$@ @$'1/"7$ ? @(% &()"'*(% +'K(0)<H.+&(%- A+ @" &('9$0%"&+E' *+9"1" ? /'( *$ @(% B$0%('"7$% *$%$" 9(@9$0 " @"3+%.(0+"> *" +'%.0/&&+('$% *$ J0$6(6+'"0L- j' B$0%('"7$ B/$*$ 3"6@"0 *$ @"'$&$%+*"* *$ JC/+."0 $%.(L> ( *$ J6(00"0L> ( *$ J%/B0+)+0L> &()( %+ $%./H9+$0"' &(00+1+$'*( /' .$I.(- n.0" (B&+E' *$ &('.0(@ $% J9$0+K+&"&+E' *$*".(%L- F@1/+$' B/$*$ 6(00"0 " (.0( B$0%('"7$-

M' @" .0"'%+.(0+$*"* *$ $%.$ )/'*(> &/"@C/+$0 B$0%('"> +)"1$' ( .$I.(

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

!"#$%&'' B/$*$ %$0 ."' $IB"'%+9" &()( @( %$" @" +)"1+'"&+E' *$ @(% "&.(0$%? %/ &"B"&+*"* B"0" "%/)+0 0+$%1(% "@ %$@$&&+('"0 )".$0+"@- d"*" K/'&+E'$% /'" (6%$09"&+E' %(60$ @" &0$".+9+*"* ? @" +'.$@+1$'&+" *$ @(% "&.(0$%> &('$@ B(.$'&+"@ *$ *$%&/60+0 '/$9"% *+)$'%+('$% *$ @"% &"B"&+*"*$% *$ (01"H'+N"&+E' *$ @" )$'.$ 3/)"'"- j'" )$*+"./01+" &('.$)B(0<'$" $I+1$ *$@$%B$&."*(0 @" &()B0$'%+E' *$ /' $9$'.( C/$ %/&$*$ ."'.( $' $@ $%B"&+(KD%+&( &()( $' $@ 9+0./"@> %+' (K0$&$0 '+'1/'" B$0%B$&.+9" K+7" W%(@")$'.$)(*(% "@.$0"*(% *$ B$0&+6+0 $@ $%B"&+( ? $@ .+$)B(> @" +)"1$' ? $@ .$I.(> @(%

&/$0B(% ? %/ *$%"B"0+&+E'W- MK$&.+9")$'.$> %$ 0$&/00$ " @" %+)B@$ '(&+E' *$B0$%$'&+" B"0" C/$ =%." %$ "K+0)$ $' $@ $I&$%( *$ +)<1$'$% C/$ $%.<'%+$)B0$ " B/'.( *$ *$%9"'$&$0%$-

<& $46$,& 6-=- 9"4$>-? !" )$*+"./01+" *$ !"#$%&'' *$ 2(3' 2$%/0/' OPr



!( C/$ 2$%/0/' (K0$&$ $% /' 0$.0".( *$@ 0-=-

=$9"& > /'" ('.(@(1D" *$@ B$0%('"7$ J)$*+"*(L_

&E)( $@ %$0 3/)"'( $I+%.$ @+'1sD%.+&"> 9+%/"@>$%B"&+"@ ? *+1+."@)$'.$ $' '/$%.0" $0" 1@(6"@-

S0"*/&&+E'_ A+)('" ^$00"0-

OPt 4(''+$ 5"00"'&"

4+6@+(10"KD"

2$%/0/'> 2(3'_ +0&11$#5 0&,9 :&44&6#$$ &,9 H10$# :$9"& C$I14 - GF2G/6@+&".+('%> 8/$9":(0;> OPPa-

d3/0&3+@@> d"0?@_ !&# F.&G - 8+&; `$0'4((;%> !('*0$%> OPPP-



!"#$%#&'()" '+ ,"+-.(/01" &",-'23#.4 %$ 5%1(5"+3#3(6+ !"#$%&''

7%((-" 8'##'()'

5%1( 5"+3#3( 1'+ 9""( :%#;-(. -( <": =%#; $%# &%#" 21'( 2:% ,")',"+ '+

' >?'4:#-.12@ ,-#")2%# '(, &",-' '#2-+2@ -( ($$) +'$$), +-./, '(, +'"012

3$24#- )#"'2-(. 21"'2#" >#%,3)2-%(+ 21'2 -()%#>%#'2" A-,"% '(, $-?& -( ?-A"

>"#$%#&'()"@ '(, -( %21"#+ #"A-+-%(-(. )?'++-)+@ ('&"?4@ !&452 '(,

61"'.72$2$8 B2 21" +'&" 2-&" 1" 1'+ :#-22"( '(, +2'.", &%#" 21'( +-C24">-+%,"+ %$ 1-+ +"#-'? ,#'&'@ 91&-0 "- & :."; <..-/ B >-%(""# -( 21" 3+"

%$ &",-' -( 21"'2#-)'? >"#$%#&'()"@ 1" 1'+ "C>?%#", 21"'2#-)'? +24?"+ 21'2

"C2"(, $#%& +2%#42"??-(. 2% ,#'&'@ 2% &3+-) 21"'2#" '(, )%&>32"#D9'+",

21"'2#" 21#%3.1 1-+ %(.%-(. )1'??"(." 2% '3,-"()" >"#)">2-%(/

E-+ #")"(2 >#%,3)2-%( %$ !"#$%&'' -+ ' .#%3(,D9#"';-(. "C'&>?" %$ ' :%#;

21'2 ?"(,+ -2+"?$ 2% :1'2 F )'?? G&",-'23#.4/H 01-+ 2"#& #"$"#+ 2% ' >'#2-)D

3?'# $%)3+ %( &"21%,+ %$ )%&>%+-2-%( -( )"#2'-( &",-' :%#;+ 21'2 F 1%>"

:-?? +3.."+2 (": )#-2-)'? '>>#%')1"+ 2% :#-2-(.+ '9%32 21"&/ F 1'A" &%A",

':'4 $#%& 21" $'&-?-'# 3+" %$ G,#'&'23#.4H 9")'3+" %$ -2+ 1-+2%#-)'? 2-"+

2% ,#'&'@ '(, (%: >#"$"# G&",-'23#.4H@ :1-)1 +3.."+2+ &",-' '+ 21"

)"(2"# %$ +23,4/ F $-#+2 3+", 21" :%#, G&",-'23#.4H -( ' IJJK -(2"#A-":

:-21 8'#-'((" L""&+@ 21" '#2-+2-) ,-#")2%# %$ 01" 73-?,"#+ B++%)-'2-%(@ -(

#"$"#"()" 2% 1"# 3+" %$ 2"C2 '(, -&'."@ ?-A" '(, A-#23'? >"#$%#&"#+@ -( +4)$#

:"5".-/ E"# :%#; "&9",+ &",-' -( 21" >"#$%#&'()" #'21"# 21'( +-&>?4

3+-(. -2 '+ -??3+2#'2-%( %# ,")%#'2-%(/

M-;":-+"@ !"#$%&'' -+ ' >?'4 21'2 -+ )%&>?"2"?4 ')2-A'2", 21#%3.1 21" ?-A" 3+"

%$ 21" F(2"#("2 $%# 21" "(2-#" ?"(.21 %$ 21" >"#$%#&'()"/ F2 -+ ' #'#" "C'&>?"



%$ ' >?'4:#-.12 )#"'2-(. )%&>32"#D."("#'2", :%#; 3+-(. ' ,#'&'2-) 2"C2 '+

' +2'#2-(. >%-(2 #'21"# 21'( 21" )%??'." %# ' $#'.&"(2", )%??")2-%( %$

+)"("+ 21'2 &'(4 %21"# '#2-+2+ :%#;-(. :-21 &",-' $#"N3"(2?4 #"?4 %( -(21"'2#"/ F( &4 A-": 5"+3#3(6+ :#-2-(. >%-(2+ 2% ' (": )%(2"&>%#'#4 21"'2#"

?'(.3'." O&",-'D+'23#'2",O 21'2 #"$?")2+ 21" :'4 %#,-('#4 >"%>?" (%:

21-(; '(, +>"'; -( ' $%#& %$ ,-+'++%)-'2", )-#)3-2#4/ !"#$%&'' -+ ' ,">-)2-%(

%$ 21'2 A"#4 :%#?,@ %(" :1"#" )1'#')2"#+ ,#': $#%& ' A'+2 9%,4 %$ -($%#D

&'2-%( O?-2"#'23#"@ +)-"()"@ ."%.#'>14@ >'-(2-(.@ #"?-.-%(@ $-?&@ 93+-("++

-(2"#&-(.?", :-21 21"-# %:( '22"&>2+ 2% ,"+-.( ' ('##'2-A"O 21'2 #"')1"+

21" >%-(2 %$ '9+3#,-24 P%# 2#'.",4Q -( -2+ -('9-?-24 2% &';" '(4 +"(+" $%#

21"&/ L1"#" '#" 21"4R L1% '#" 21"4R

E"#" -+ 21" +"23> %$ !"#$%&''8 01"#" '#" "-.12 )1'#')2"#+@ %(" %$ :1%&

'>>"'#+ %( A-,"% %(?4/ S%&" %$ 21"& 1'A" ('&"+@ %21"#+ '#" ,-+2-(.3-+1",

&"#"?4 94 ?"22"#+@ +3)1 '+ GTH %# GU/H 01"4 1'A" )"#2'-( -(+2#3)2-%(+ $%#

21"-# 9"1'A-%3#+@ :1-)1 &'4 9" 2% +>#"', )1'%+ %# 2% )1'(." 21" >"#)"-A",

#"'?-24 %$ :1'2 -+ 1'>>"(-(. -( 21" >"#$%#&'()"/ 01" >"#$%#&"#+ +-2 '2

+"A"#'? 2'9?"+ -( 21" >"#$%#&'()" +>')" -( $#%(2 %$ -(,-A-,3'? ?'>2%>+

"N3->>", :-21 '( F(2"#("2 )%((")2-%(/

01"#" '#" 2:% A-,"% >#%V")2%#+ '(, %(" ?-A" )'&"#'/ 7"1-(, '(, '9%A" 21"

>"#$%#&"#+ -+ ' 9-. :'?? +)#""( '>>#%C-&'2"?4 WJ &"2"#+ ?%(. '(, XY

&"2"#+ 1-.1/ Z')1 >#%V")2-%( -+ +>?-2 -(2% $%3# +">'#'2" -&'."+ 94 &"'(+ %$

:1'2 -+ )'??", ' GN3', +>?-22"#/H 013+@ $%3# +">'#'2" '(, ,-$$"#"(2 -&'."+

$#%& $%3# ,-$$"#"(2 >"#$%#&"#+6 ?'>2%>+ '#" >#%V")2", '2 21" +'&" 2-&"/

01" "-.12 -&'."+ '#" $#%& >#"D#")%#,", '(, ?-A" )'&"#' +%3#)"+/ F2 -+ '

)%&>?"2"?4 '32%&'2-) >#%)"++ -( :1-)1 )%&>32"#@ ?-A" )'&"#' '(, >#"D

#")%#,", -&'."+ -(2"#')2 '(, %A"#?'>/

B L"9+-2" :'+ +"2 3> ,3#-(. 21" #3( %$ 21" >"#$%#&'()" '(, #"1"'#+'?+ '+

'( '#)1-A" )%(+-+2-(. %$ 21" >?'4 2"C2@ #"1"'#+'? (%2"+@ ,%)3&"(2+@ -&'."+@

"D&'-?@ A-,"% '(, &3+-) )?->+@ '(, &-+)"??'("%3+ $-?"+/ Z')1 )1'#')2"# 1'+

1-+ %# 1"# %:( L"9+-2" 2% :1-)1 (": &'2"#-'? )'( 9" ',,",/ B(4 %$ 21" >#"D

#")%#,", &'2"#-'? 'A'-?'9?" ,3#-(. 21" >"#$%#&'()" -+ +2%#", %( 21-+

)"(2#'? L"9 139 '(, )'( 9" 3+", ,3#-(. 21" >"#$%#&'()"/

B?? )%&&3(-)'2-%( -+ ,%(" 21#%3.1 21" F(2"#("2 '(, -+ '?:'4+ A-+-9?" 2% 21"'3,-"()"/ 01" >"#$%#&"#+6 ?'>2%>+ 1'A" L"9)'&+@ '(, 21"4 )%&&3(-)'2"

:-21 "')1 %21"# 94 &"'(+ %$ FD[1'2/ L1"( 21" '3,-"()" '##-A"+ 21"

I\J 7%((-" 8'##'()'



>"#$%#&"#+ '#" '2 21"-# )%&>32"#+ +"(,-(. "D&'-?+@ +3#$-(.@ +1%>>-(.@

#"2#-"A-(. ,%)3&"(2+@ '(, +% %( O$#%& 21" +2'#2 1-.1?-.12-(. 21" "#'+3#"

%$ 21" ')2%#+6 >#-A'2" '(, >#%$"++-%('? ')2-A-2-"+/ M-A" F(2"#("2 +2#"'&+ '#")%(2-(3%3+?4 ')2-A'2", 94 21" >"#$%#&"#+@ :-21 21" ',,-2-%( %$ 21"

,-#")2%#6+ >"#+%('? +-2" 21'2 )'( '?+% >#%A-," &'2"#-'?/ 5"+3#3( &'," 21"

,")-+-%( (%2 2% )%(2#-932" ?-A" +2#"'&+ ,3#-(. 21" >"#$%#&'()" +% 21'2 21"

F(2"#("2 )1%-)"+ %$ 21" >"#$%#&"#+ '?%(" ,"2"#&-(" 21" %32)%&" %$ 21"

:%#;/ 01%3.1 21" +2'#2-(. >%-(2 $%# !"#$%&'' -+ 5"+3#3(6+ >?'4 21" :%#; -2+"?$

3($%?,+ '+ ' )%??")2-A" 2"C2 21'2 ,3#-(. 21" )%3#+" %$ 21" >"#$%#&'()" -+

9"-(. #"&'," $#%& +"?")2-%(+ %$ 21" :%#?, ,-.-2'? '#)1-A" '(, -(,-A-,3'?

13&'( &"&%#4/ 01" F(2"#("2 +2#"'& ')2+ '+ ' +2#"'& %$ )%(+)-%3+("++@ '+

-2 :"#"@ )#"'2", 94 '?? 21" >?'4"#+ :1% -( 23#( 2#4 2% )%(2#%? '(, #".3?'2"

21" ('##'2-A" +2#"'&/

01" #"+3?2 %$ 21-+ %>"( 2"C23'? +2#'2".4 -+ 21'2 21" -++3" %$ '321%#+1-> -+

)'??", -(2% N3"+2-%( 94 5"+3#3(6+ #"$3+'? %$ )%(2#%? %A"# 21" %32)%&" %$ 21"

:%#;/ 01"#" -+ '?+% (% ?-A" &-C 94 ' 2")1(-)-'( ,3#-(. 21" >"#$%#&'()"/

E%:"A"#@ %(" >"#$%#&"#@ 94 21" ('&" %$ !"" L""@ 1'+ -( 1-+ >%);"2 ' :-#"D

?"++ #"&%2" )%(2#%??"# )'??", ' GL--H 2% +"(, %32 $#"N3"()-"+ 21'2 -(2"#')2

:-21 21" >#%V")2-%(+ %( 21" +)#""(/ 01" -(2"#>?'4 %$ 21" L"9 1'+ ' N3'?-24%$ )'?)3?'2", .'&"+&'(+1->/ ZA"#4 >"#$%#&'()" -+ ' ,-$$"#"(2 %("/ B?#"',4

-( 21" $-#+2 $": &-(32"+ %$ 21" >"#$%#&'()" &'(4 %$ 21" 2")1(-N3"+ %$ !"#$=

%&'' '#" "A-,"(2] 21" 3+" %$ 9%21 >#"D#")%#,", '(, ?-A" &'2"#-'?@ 21" &3?2-D

>?-)-24 %$ #'(,%& -&'."+@ 21" >"#$%#&"#+6 ,-+)%((")2-%( $#%& #"'?-24 '(,

21"-# ,-+V3()2-A" +>"")1 >'22"#(+ '+ 21"4 -(2"#$')"/ !"#$%&'' )%(2-(3"+ -(

21-+ &'(("# $%# %(" 1%3#/

B+ !"#$%&'' 3($%?,+ 21" +2#3)23#" %$ 21" +>?-2D+)#""( >#%V")2-%(+ 9".-( 2%

$3()2-%( '+ ' G)1'#')2"#H -( 21" &%," %$ '3,-%DA-+3'? ?'(.3'."@ 1-.1D

?-.12-(. -2+ )%&>%+-2-%('? +2#'2".4/ F2 -+ )%(+2'(2?4 -( >?'4 :-21 %A"#?'>>-(.

-&'."+ 21'2 '#" 9"-(. +-^", '(, #"+-^", -( )1'(.-(. +)'?"+ '+ 21"4 &%A"

1%#-^%(2'??4 '(, A"#2-)'??4 '#%3(, 21" "(2-#" +)#""( :'??/ B2 2-&"+ 21"#" '#"

'+ &'(4 '+ 2:%D,%^"( ?'4"#", -&'."+ -( G,-'?%.3"H $%# 21" '3,-"()" 2%

?%%; '2 %# #"', '+ 21"4 ?-+2"( 2% 21" +>"")1"+ %$ 21" )1'#')2"#+ +-&3?2'("D

%3+?4/ F( 21" ,%39?"("++ %$ 21" "A"(2 21" '3,-"()" -+ ?%%;-(.@ #"',-(.@

?-+2"(-(.D)%($#%(2", 94 21" ('##'2-A" %$ 21" ?-A" >"#$%#&'()" -( 21" +>')"

'(, 21" )%(2-(3%3+ L"9 +2#"'& ('##'2-A" %$ -&'."+@ %(" $-C",@ %("#'(,%&@ :-21 21" ',,", )%&>?-)'2-%( %$ 21" >"#$%#&"#+ '?+% '>>"'#-(. '+

?-A" A-,"% -&'." '(, A%-)" %( 21" )%&>32"# +)#""(/

!"#$%#&'()" '+ _"+-.(/ 01" &",-'23#.4 %$ 5%1( 5"+3#3(6+ U-#"$'?? I\\



E"#" -+ ' >'#2-'? ?-+2 %$ 21" -&'."+@ :1-)1 '#" 9%21 G?-A"H +-2"+ %# G$%3(,H

$%%2'."]

` !'."+ %$ ,%)3&"(2+@ "D&'-? (%2"+@ a%%.?" +"'#)1"+

` !#"+-,"(2 M4(,%( 5%1(+%( .-A-(. ' +>"")1 '9%32 #')-'? -()-,"(2+ -( 21"

B&"#-)'( S%321

` <":+ #">%#2+ $#%& [<<

` B( -(2"#A-": :-21 21" #%); &3+-)-'( 5-&- E"(,#-C

` F&'."+ %$ $-.3#"+ %$ 21" ,'4@ ?-;" 21" )%##3>2 L'?? S2/ $-('()-"# 7"#('#,

8',%$$

` S)-"(2-$-) ,'2'@ ,-'.#'&+@ &'>+

` B( -&'." %$ ' +;3??

` B >-)23#" %$ a'(,1-

` b%); 9'(,+ +-(.-(.

` S2#""2 +)"("+

` _%)3&"(2'#4 $%%2'."

` 01" $#%(2 >'." %$ 21" >$/ ?.#@ A"B$5

[%&>'#-(. !"#$%&'' 2% '( "'#?-"# >%?-2-)'?@ '.-2D>#%> $%#& %$ 21" \WcJ+ 21"

+)#""( )%3?, 9" #"', '+ ' )%(2"&>%#'#4 A"#+-%( %$ 21" GM-A-(. <":+>'>"#/HF( %3# %:( 2-&" 21" '))#"2-%( %$ 21-+ ,'2'@ )%&>'#'9?" 2% 21" "C>'(+-%( %$

' ,-.-2'? '#)1-A"@ -+ >"#1'>+ 9"+2 3(,"#+2%%, '+ 21" "N3-A'?"(2 %$ %>"(D

+%3#)" &'2"#-'?/ M%%;", '2 -( '(%21"# :'4@ 21-+ )%&>%+-2-%('? >#%)"++ )'(

9" 3(,"#+2%%, '+ ' $%#& %$ ?-2"#'#4 )32D3> (%: ,-.-2-^", -(2% ?-A" )%??'."/

<%(" %$ 21"+" -&'."+ #"?'2"+ 2% "')1 %21"# 932 21"4 "C-+2 '+ 21" ')2%#+6 %:(

#"+"'#)1 '(, $-?"+ +'A", %( 21"-# ?'>2%>+ '+ :"?? '+ (": +-2"+ 21"4 '#"

9#%:+-(. ,3#-(. 21" >"#$%#&'()"/ 01" -&'."+ '>>"'# -( ,-$$"#"(2 )%($-.3D

#'2-%(+ "A"#4 (-.12d &'2"#-'? &'4 9" ',,", %# 2';"( ':'4/ ZA"#421-(. -+

+3#$')"/ 01" -&'."+ ,% (%2 -??3+2#'2" %# ,"">"( 3(,"#+2'(,-(. '(, )#"'2"

(% +"(+" %$ ,">21/ ZA"#421-(. -+ :1'2 -2 -+/ 01"#" -+ %(?4 21" %'./ %$ >'."+

')#%++ 21" +)#""(/ S)"(" +2#3)23#" -+ #"'?-^", '+ +-2"/ 01" &",-'23#.4 %$

!"#$%&'' :%3?, 9" -&>%++-9?" 2% -&'.-(" :-21%32 21" )%()">2 %$ .?%9'?-^'D

2-%( :1%+" 3(-A"#+" %$ -&'."+ )%??'>+"+ 2-&" '(, +>')" '(, '(4 +"(+" %$

1-+2%#4@ &';-(. #"'?-24 %9+%?"2"/ F2 ."("#'2"+ 21" "C>"#-"()" %$ "7.-.B&-"& /

01"#" -+ %(?4 >"#$%#&'()" 2-&" -( :1-)1 21" )1'#')2"#+ $%#".#%3(, 21"-#

13&'( >#"+"()" %# "?")2#%(-) >#"+"()" -(,-+)#-&-('2"?4/ !"#$%&'' )%($#%(2+21" N3"+2-%( %$ :1"21"# 21" "(,?"++ L"9 +2#"'& &';"+ >"#$%#&'()" +>')"

?"++ #"'?@ "C>%+-(. 21" "N3-A%)'2-%(+ %$ )49"#+>')" '+ >"#$%#&'()" +>')"/

I\I 7%((-" 8'##'()'



F( ' )1'??"(." 2% '(4 ')2%# 21" )1'#')2"#+ '#" #")-2-(. 21" &"&%#-^", 2"C2

'(, '2 21" +'&" 2-&" +3#$-(. 21" L"9@ %$$"#-(. &3?2-D2'+;-(. '+ >"#$%#&D

'()" +24?"/ 01-+ -+ "A"( &%#" )%&>?-)'2", 21'( 01" L%%+2"# a#%3> >#')D2-)" %$ ')2%#+ :'2)1-(. ,-$$"#"(2 2"?"A-+-%( &%(-2%#+ ,3#-(. ' >"#$%#&'()"

%# #")"-A-(. +>%;"( 2"C2 -( '( "'#>-")"/ 5"+3#3(6+ &",-'23#.4 ,"&'(,+ '

#',-)'?@ $?"C-9?" '>>#%')1 2% >"#$%#&'()" %( 21" >'#2 %$ 21" ')2%#+ 21'2 -+

(%2 9'+", %( :%#;-(. :-21 ' +2'9?" 2"C2 %# +"2 %$ -&'."+ 3($%?,-(. 21#%3.1

21" #"'?D2-&" %$ 21" "A"(2/ [%&>32"# #1421& (%: )#"'2"+ 21" ,#'&'2-)

2"(+-%(/

01" )%()">2 %$ )1'#')2"# -+ ?-(;", 2% -2+ )%($-.3#'2-%( 94 21" >"#$%#&"#+-( A-#23'? +>')" '+ 21" 21"'2#-)'? "A"(2 &%A"+ 2%:'#, )%(+2#3)2-%( %$ -2+

%:( L"9+-2"/ _#'&'2-) )%($?-)2 -+ >?'4", %32 -( 21"-# )%&>"2-(. -&'."+ %(

21" +)#""( &%#" %$2"( 21'( -( >"#$%#&'()" +>')"/ F( 21" &'(("# -( :1-)1

-2+ >#-()->?"+ %$ &",-'23#.4 '>>"'# !"#$%&'' ,"&%(+2#'2"+ )$#%.#B&-7$ &5

;$5"0-8

01" >"#$%#&"#+ -(2"#')2 :-21 21" )%&>32"# +)#""( -( (3&"#%3+ :'4+]

!"#$%#&'()" '+ _"+-.(/ 01" &",-'23#.4 %$ 5%1( 5"+3#3(6+ U-#"$'?? I\c

!"#$%&'' / 5%1( 5"+3#3&@ IJJK/ !1%2%] !'3?' [%3#2



` ' ?-A" )1'#')2"# +>"';+ 2% '( -&'." %$ ' )1'#')2"# %( 21" +)#""( %# ' ?-A"

')2%# -+ ',,#"++", 94 '( -&'." %( 21" +)#""(

` )1'#')2"#+ +-2 '(, :'2)1 21" ?-A" +)#""(

` -( ' +>?-2 +)#""( 2:% &%(%?%.3"+ %))3# -( +"N3"()"@ '+ -( 21" %>"(-(. %$

21" >?'4 :-21 8'#4 '(, GUH +1%:( -( >#"D#")%#,", -&'."+

` 3+-(. 21"-# >"#+%('? L"9)'&+ )1'#')2"#+ ,-+2%#2 21"-# %:( -&'." %( 21"

+)#""(/ B( -&'." &'4 9" %32 %$ +4() :-21 21" ?-A" +>"")1 %$ ' )1'#')2"#

:1-?" -2 -+ $", 21#%3.1 21" F(2"#("2 %( FD[1'2 '(, ',,#"++"+ )1'#')2"#+

+-22-(. '2 %21"# ?'>2%>+

` 21" ?'4"#-(. %$ -&'."+ 21#%3.1%32 21" +)#""( -(2"##3>2+ '(, 9")%&"

>'#2 %$ 21" $?%: %$ ,-'?%.3"

` :1"( %(" L"9+-2" :-21 +%3(, ,%&-('2"+ 21" +)#""( 21" )1'#')2"#+ 1'A"

2% +2%> '(, ?-+2"( 2% -2

` )1'#')2"#+ )'( 9" -( )%&>"2-2-%( :-21 21" L"9+-2" '(, 21" #"'? A+/ 21"

A-#23'? -+ 21"( +"2 -( )%($?-)2 '+ ,-$$"#"(2 ?"A"?+ %$ #"'?-24

` F( :1'2 &-.12 9" )%()"-A'9?" '+ '( 3>,'2" %$ 21" !-#'(,"??-'( )%()">2 %$

)1'#')2"# +%&"%(" )%&>'#"+ 1-&+"?$ 2% 1-+ -&'." %( 21" +)#""(/ 01"

+)#""( -+ (%: 21" &-##%# %$ +%)-"24/ GF6& 2"??-(. 21-+ 2% 21" L"9+-2"@H +'4+

21" 4%3(. &'( ;(%:( '+ GT@H :1% '2 2-&"+ -( 21" >?'4 +"#A"+ '+ -2+

G#'-+%(("3#H/ F2 )'( '?+% >#%A-," ' &'+; -( ' :%#?, %$ 1-,,"( -,"(2-2-"+/

G01" -,"' -+ 2% 2';" +%&"%(" '(, &';" +%&"21-(. %32 %$ 21"&/ U%# 4%3#D

+"?$/ 8';-(. +%&"21-(. %32 %$ +%&"%(" "?+"6+ +%3?/He21" )1'#')2"# 8'#46+

:%#,+ +"2 21" 2%(" $%# 21" :%#?, %$ 21"+" )1'#')2"#+@ ' $'?+" #"'?-24 &',"

3> %$ $%3(, ?'(.3'."@ :1"#" 21" #">?-)' -+ A'?3", %A"# 21" #"'? 21-(.@ '(,

21" ?-A"+ %$ )1'#')2"#+ -( (%A"?+ '#" 3+", '+ ' +39+2-232" $%# >"#+%('? "C>"D

#-"()"/ 01" >#"$"#"()" -+ $%# +-&3?'2-%(/ S%(. ?4#-)+@ -&'."+ $#%& >'-(2D

-(.+@ >%"&+@ '(, 1-+2%#-)'? "A"(2+ '#" '?? V3&9?", -( 21"-# &-(,+@ :1-)1 '#"

&%#" ?-;" ,'2'9'+"+ 21'( >%"2-) &"&%#-"+/ 01" )1'#')2"#+ 1'A" +1-$2-(.

-,"(2-2-"+ '(, '2 2-&"+ +"" 21"&+"?A"+ -( )#%++D+>")-"+ -&'."+ '+ &%(;"4+

'(, ,%(;"4+/ f(" %$ 21"&@ <%+":%#214@ -+ 2#'(+."(,"#",/ B .#%3> #'21"#

21'( ' )%&&3(-24@ 21" )1'#')2"#+ -( !"#$%&'' '#" ,-+'$$")2", 4%321 :1%

+""& 2% "C-+2 %32+-," %$ #"'? 2-&" 932 '#" (%: '22"&>2-(. 2% %#.'(-^" 21":%#?, %$ 21" $323#"/ GB+ :" ;(%:@ "A"#4 2:% 4"'#+ 21"#" -+ ' (": ."("#'D

2-%(@ ' (": +4+2"& %$ 21%3.12 '(, 9"-(.@H +'4+ F+)'#-%2/

I\X 7%((-" 8'##'()'



01"+" )1'#')2"#+ .#',3'??4 ?%+" -(,-A-,3'? >"#+%('?-2-"+ -( 21"-# :-?? 2%

)%($%#&-24 '(, :1'2 21"4 >"#A"#+"?4 ',&-#" '+ 21" >3#-24 %$ A')3%3+("++/

M%3 b"",6+ ?4#-)@ Gf1@ -26+ +3)1 ' >"#$")2 ,'4@H -+ ' )%(+2'(2 #"$#'-( -( 21">#%,3)2-%( 21'2 +"#A"+ '+ -#%(-) )%3(2"#>%-(2 2% 21"-# 1'>?"++ )-#)3&D

+2'()"+/ Z,3)'2",@ 1-.1?4 A"#9'? '(, >"23?'(2@ 21"4 ,%(62 ;(%: -$ 21"4 '#"

#"'? >"%>?" %# )1'#')2"#+@ %# :1"#" 21"4 '#"/ S%&" %$ 21"& +""& 2% +1'#"

' >'+2@ %21"#+ '#" 1-#", 2% ,% ' V%9 21'2 -+ ("A"# ,"+)#-9",/ ZA"#4%(" 1'+

'.#"", 2% ;""> -2 ' +")#"2 +% (% %(" )'( 9" )%&>#%&-+",/ _% 21"4 :%#; $%#

'( %#.'(-^'2-%(R B )%#>%#'2-%(R B #"?-.-%3+ +")2R L1"#" ,% 21"-# ,-#")2-A"+

)%&" $#%&R

01" >%:"# )"(2"# %$ !"#$%&'' -+ -(A-+-9?"@ 3(?-;" 21'2 %$ $%#&"# )"(2#'?-^",

+4+2"&+ %$ )%(2#%? :-21 21"-# >3(-+1-(. )%,"+ '(, 9"1'A-%#+@ '(, %32+-^",

'??D2%%D13&'( >"#+%('?-2-"+/ 5"+3#3(6+ A-": %$ >%:"# "&'('2"+ $#%&

A-#23'? +>')"/ S%&":1"#" "?+"/ F2 -+ 21" )%?,@ '9+2#')2@ )%&>32", '321%#-D

2'#-'(-+& %$ ' $323#" :%#?, %#,"# 21'2 #">#"+"(2+ 3(-,"(2-$-'9?" -(+2-23D

2-%('? >%:"# #'21"# 21'( 21" %?, 13&'( %>>#"++%# %$ %?, :1%+" '#9-2#'#4

,-#")2-A"+ %))3##", -( 21" #"'? :%#?,/

F( 21" ('#)-++-+& %$ 21"-# +"?$D#".'#, 21"+" )1'#&?"++ )1'#')2"#+ 2#4 2%)%(+2#3)2 ' +2%#4@ >"#1'>+ 21" ?'+2 +1#", %$ 21"-# 13&'(("++/ 01-+ ("A"#D

2%D9"D$-(-+1", ('##'2-A" -+ )%($3+", :-21 21" +2%#4 %$ 5"+3+ '(, 8'#4

8'.,'?"(" '(, 21" B>%+2?"+/ 732 B((' T'#"(-(' '?+% ;"">+ ."22-(. -(2% 21"

>-)23#"@ '(, ' 2"C2 '9%32 B2?'(2-+/ S%&"%(" -+ 2'?;-(. '9%32 >%:"#@ '(%21"#

%(" ' ,%.@ 4"2 '(%21"# ' >%"&@ '(, '(%21"# %(" +>")3?'2"+ %( 21" L"9+-2"

'+ ' .1%+2/ !"#$%&'' -+ 21" +"'#)1 $%# ('##'2-A" 94 >"%>?" :1% )'( (% ?%(."#

)%&&3(-)'2" -( ' #'2-%('?@ "C>#"++-A" ?'(.3'." 932 1"?>?"++?4 ,3>?-)'2"

>1'(2%& -&'."+ 21'2 '#" "A"# #")",-(./ 01" 9#"';,%:( %$ +%)-'? %#,"# -+

#"$?")2", -( 21"-# ?%++ %$ &"'(-(.$3? ,-'?%.3" '(, ,">"(,"()" %( ' ,'2'D

9'(; %$ G$%3(, ?'(.3'."/H L1"( 2:% )1'#')2"#+ "(.'." -( ' #%&'(2-)

"C)1'(." 21"-# ?'(.3'." +%3(,+ ?-;" ' N3%2'2-%( $#%& '(%21"# '."/

F2 -+ (%2":%#214 21'2 -( #")"(2 4"'#+ :%#?,:-," )3?23#'? )1'(."+ 1'A"

9#%3.12 '9%32 ' 2#'(+$%#&'2-%( -( 21" )%()">2-%( %$ +>"")1 -( 21"'2#"/ F(

21" &%+2 )%&>"??-(. )'+"+ ,#'&'2-) ?'(.3'." +"#A"+ '+ ' )#-2-N3" %$ #"'?-24/

f(" >?'4 21'2 )%&"+ 2% &-(, -+ !&# C/&D 94 21" 7#-2-+1 :#-2"# ['#4?

[13#)1-??/ F( 1"# >%#2#'-2 %$ ' )'2'+2#%>1-) 2%2'?-2'#-'( $323#"@ ' )1'#')2"#+>"';+ -( ' ,-+2%#2", +4(2'C 21'2 #"$?")2+ 21" >"#A"#+-%( %$ 21" ('23#'?

%#,"#/ E"#" -+ 1%: 21" 4%3(. .-#? 5%'( ,"+)#-9"+ 21" ?'(,+)'>"]

!"#$%#&'()" '+ _"+-.(/ 01" &",-'23#.4 %$ 5%1( 5"+3#3(6+ U-#"$'?? I\Y



///21"#" :"#" >-?"+ %$ 9%,-"+ '(, -$ 4%3 +2%>>", 2% $-(, %32 21"#" :'+

%(" ;-??", 94 )%$$"" %# %(" ;-??", 94 >-(+@ 21"4 :"#" ;-??", 94 1"#%-(@

>"2#%?@ )1'-(+':+@ 1'-#+>#'4@ 9?"')1@ $%C.?%A"+@ 21" +&"?? %$ +&%;":'+ :1"#" :" :"#" 93#(-(. 21" .#'++ 21'2 :%3?,(62 +"#A"///

B +"?")2-%( $#%& 5"+3#3(6+ !"#$%&'' +-&-?'#?4 ,"&%(+2#'2"+ ' (": :%#?,

%#,"#/ E"#" -+ ' )%(A"#+'2-%( '&%(. ' $": )1'#')2"#+]

<%+":%#214] L"6#" >'#2 %$ ' &%%,@ ' )%?%#-^'2-%(@ ' :'+1/

U] ['(62 4%3 V3+2 ?%+" 4%3#+"?$ -( -2@ -( 21" 9?-(;-(. ?-.12+@ '(, 9"

1'>>4R

F+)'#-%2] F '& (%2 .%-(. 2% U3(;42%:(g

T] F26+ :1'2 7-..-" S&'??+ %# E%99"+ +'-,] G21" :'# %$ '?? '.'-(+2 '??/H

b] ['( :" )1'(." 21" +39V")2R

<%+":%#214] F6& +%##4@ 932 :" '#" .%-(. 2% 1'A" 2% #":#-2" 4%3/

01#%3.1%32 !"#$%&'' @ 5"+3#3( ,"&%(+2#'2"+ 1%: &"2'>1%#@ ?%.-)@ :%#, '(,

')2-%( -( ' +>")-$-) 2-&" '(, >?')" '#" +)#'&9?", '(, 3(1-(.", $#%&

#"'?-24 -( 21" :%#?, %$ 1-+ )1'#')2"#+/ b"&'#;'9?4@ -( 21-+ (": >%"2-)+ 21"4

1'A" '9+%#9", 21" #1"2%#-) %$ )%&>32"# ?'(.3'." '(, )%&&'(,+/ F$ 21")%(A"#+'2-%( :'(,"#+ '(, %(" )1'#')2"# :-+1"+ 2% #"23#( 2% 21" +2%#4@ 1"

-(+2#3)2+ 21"& 2% G#":-(,/H B )1'#')2"# &'4 +>"'; %$ 21" (")"++-24 2%

G2';" 21'2 %32@H %# G"#'+"@H %# G,"?"2"@H '+ -$ 21"4 '#" ",-2-(. ' 2"C2/ GU')2

)1");H -+ '(%21"# $%#& %$ )%(2#%?/ S%&"%(" )'( G,"?"2"H '(%21"# )1'#D

')2"#/

F( 21" -&>"#&'("()4 %$ 21-+ :%#?, '(4 >"#+%(@ -&'." %# 2"C2 -+ ' +2#%;"

':'4 $#%& "#'+3#"/ _-+"&9%,-&"(2 -+ ' >"#&'("(2 )%(,-2-%( %$ 9"-(. '

)1'#')2"# %# '( -&'."/ F$ G+"'#)1H -+ 21" %>"#'2-A" :%#, +3#"?4 -2 "C-+2+

9%21 -( 21" "C-+2"(2-'? '(, -( 21" ,-.-2'? +"(+"/ E%:"A"#@ 21" >#%)"++ ,%"+

(%2 #"$?")2 21" +"";-(. '$2"# +"?$D;(%:?",." %$ ,#'&'2-) ?-2"#'23#"/ 01"

3>?%',-(. %$ $%3(, ?'(.3'." '(, 21" ?'4"# 3>%( ?'4"# %$ -&'." ?"',+ (%2

2% '( ">-+2"&%?%.-)'? +-2"@ (%# 2% >"#+%('? ,-+)%A"#4@ 932 2% 21" 3("(,-(.

+2#"'& %$ -($%#&'2-%( '(, )%(2"(2?"++("++/

!"#$%&'' )'( %(?4 9" '+ "C>'(+-A" '+ 21" ')2%#+ -&'.-('2-%( '(, #-+;D2';-(.

-( 21"-# )1%-)" %$ &'2"#-'?/ Z')1 >"#$%#&'()" -+ ' )%&&"(2 %( 21")#"'2-A-24 '(, -(2"??-."()" %$ 21" )'+2@ :-21 21" >%2"(2-'? 2% 3()%A"# (":

,-&"(+-%(+ -( 21" %#.'(-^-(. '9-?-2-"+ %$ 21" 13&'( &-(,/ B &",-'23#.4

I\K 7%((-" 8'##'()'



$%# 2%,'4 ,"&'(,+ $#%& 21" +>")2'2%# 21" )%&>#"1"(+-%( %$ '( "A"(2 21'2

2';"+ >?')" -( >14+-)'? +>')" '(, A-#23'? +>')"@ :1-?" %$$"#-(. (% $-C",

>"#+>")2-A"e%(?4 '?2"#", &%,"+ %$ >"#)"-A-(. +>')" '(, 2-&"@ -&'." '(,2"C2@ 9%,-"+ '(, 21"-# ,-+'>>"'#'()"/ F(,"",@ 21" A"#4 (%2-%( %$ >#"+"()"

-+ )'??", 3>%( 2% '++"#2 -2+"?$ -( 21" +3#$"-2 %$ -&'."+ '?:'4+ %( 21" A"#."

%$ $',-(. %32/

L1'2 5"+3#3( %$$"#+ -+ ' >%#2#'-2 %$ 1.B. B$;"& @ '( %(2%?%.4 %$ 21" &",-D

'2", )1'#')2"#] 1%: 21" 13&'( 9"-(. "C-+2+ ?-(.3-+2-)'??4@ A-+3'??4@

+>'2-'??4@ '(, ,-.-2'??4 -( %3# .?%9'? '."/

7-9?-%.#'>14] S"" >'."///

!"#$%#&'()" '+ _"+-.(/ 01" &",-'23#.4 %$ 5%1( 5"+3#3(6+ U-#"$'?? I\h





!"#$#%&"'(# *+ *,-.,*-%(/.0 1+%*"/*+-(.+*2 *+*23#-(.2 &"4#+.2 563".-*2. -.,#4."#%(/.7 *+*, 8*#%". !# 9*"%('*$

:+%;+(. :"#<=.

>, 8*#%". ?# 9*"%('*$@ '"&3. ?* ,# -(&?#? ?* AB. C#&,. -"*#?. *+ DEEF@ *2

-.+.-(?. 3." 2&2 *23*-%G-&,.2 ?* !"#$%!&$'"("' * (+%*"/*+-(.+*2 &"4#+#2@

*+%"* *,,.20 *+ ,-.-/!0 ,$.1"10 HDEEFI@ J*-J. *+ *, (+%*"(." ?* &+# (',*2(#K *+ 2"3.0 1$ 403 HDEELI@ "*#,(M#?. *+ ,#2 ?*3*+?*+-(#2 ?* &+ J.23(%#,K 5&0'-% +"&!"! 6766 HFNNNI@ %"#4#=. O&* -(*""# ,. O&* /(+. # 2*" ,,#$#?. ,# 8."+09/- :/3+"'- 5 P&* 3"*2*+%#?. *+ *, (+%*"(." ?* &+ 3"*2(?(.K :;%< HFNNQI@ O&* %&/.

-.$. *23#-(. *2-R+(-. *, ST. 8(*%U V*, "T. $G2 -.+%#$(+#?. ?* W"#2(,VK 5

2- =+#">- ,-+-3.- $! +- ,$?@+#">- HFNNXI@ 3"*2*+%#?. *+ &+ 3#2#=* 2&4Y

%*""G+*. *+ *, -*+%". J(2%Z"(-. ?* AB. C#&,.[

>2%.2 *23*-%G-&,.2 -.+P('&"#+ &+# -"*#-(Z+ %*#%"#, *+ *23#-(.2 3<4,(-.2@

*23#-(.2 O&* +. %(*+*+ +(+'&+# /(+-&,#-(Z+ (+2%(%&-(.+#, +( P&+-(.+#, -.+ *,

%*#%".[ >+ &+# $*%"Z3.,( -.$. AB. C#&,.@ &+# (',*2(#@ &+ J.23(%#,@ &+ 3"*2(?(.

. *, "T. ?* ,# -(&?#? "*3"*2*+%#+ &+# ,.-#,(M#-(Z+ %#+%. PT2(-# -.$. 2($4Z,(Y

-#[ A.+ ,&'#"*2 ($3"*'+#?.2 ?* $*$."(# * J(2%."(# -.+ &+# -#"'# *$.-(.+#,

*23*-TP(-#[ \.$. ,. ?*P(+(Z ,# (+/*2%('#?."# A(,/(# ]*"+#+?*20

2.+ *23#-(.2 "*#,*2@ -.+-"*%.2@ H[[[I O&* 3"*2*"/#+ ,.2 /*2%('(.2 ?*, &2.

3<4,(-. 5 -.,.-#+ #, *23*-%#?." *+ &+# M.+# P".+%*"(M# *+%"* ,# -(&Y



?#? 5 *, %*#%". 3"./.-#+?.@ *+ <,%($# (+2%#+-(#@ 6&+# (+/*"2(Z+ ?* ,#

'*.'"#PT# &"4#+#7[ H]*"+#+?*2@ FNNF0^NI[

_# (?*#@ 3." %#+%.@ *2 -"*#" &+# %*+2(Z+ -.+ *, -.+%*+(?. ?"#$#%<"'(-.

#4."?#?.@ 5 +. &+# "*?&+?#+-(# . (,&2%"#-(Z+[ C." *2.@ -.+ *, P(+ ?* -"*#"

*2* *+P"*+%#$(*+%. ?* 2('+(P(-#-(.+*2@ *, ,.-#, ?* ,# "*3"*2*+%#-(Z+ +.

3.?T# -.+2%(%&("2* *+ &+ 6*23#-(. +*&%".7 V# 3*2#" ?* O&*@ 3*"2.+#,$*+%*@

+. -"*. *+ ,# *`(2%*+-(# ?* %#, -#%*'."T#V[

>2 *`#-%#$*+%* 3." *2%# "#MZ+ O&*@ *+ 4#2* # +&*2%". 3&+%. ?* /(2%#@ *, 2('Y

+(P(-#?. 2($4Z,(-.@ J(2%Z"(-.@ 3.,T%(-. * (+2%(%&-(.+#, ?*, ,&'#" *2 $G2

($3."%#+%* O&* 2&2 3.2(4(,(?#?*2 *2-R+(-.Y#"O&(%*-%Z+(-#2[ a.2 #,*=#$.2

?* &+# #"O&(%*-%&"# $G2 %*#%"#, *+ 3". ?*, 2*+%(?. V. 2*+%(?.2V O&* &+

?*%*"$(+#?. ,.-#, 3&*?# */.-#"[ >+ -.+2*-&*+-(# *, *23#-(. *2-.'(?. *2 *,

<+(-. 3.2(4,* 3#"# *2* $.+%#=*[

>+ .%"#2 3#,#4"#2@ +*-*2(%#$.2@ 3#"# *2# P"(--(Z+ ?* 2*+%(?.2@ &+ *23#-(.

?* "*3"*2*+%#-(Z+ -.+ P&*"M# #&%Z+.$#@ O&* 3&*?# -.,.-#"2* ?* ('&#, #

('&#, -.+ *, +<-,*. %*$G%(-. ?* ,# .4"#[

_# (?*# -,#/* *2 -"*#" &+# M.+# JT4"(?#@ ?* (+%*"2*--(Z+@ *+%"* ,. 6"*#,7 . ,#

6"*#,(?#?7 ?*, *23#-(. 5 ,. 6P(--(.+#,7 . 6%*#%"#,7 ,,*/#?. 3." *, %*`%. 5 3."

*, *23*-%G-&,.[ >2%* %*""*+. (+%*"$*?(. 5 $./*?(M. -"**$.2 O&* 3&*?* 2*"

-#3#M ?* ?*2*2%#4(,(M#" #, *23*-%#?."@ (+%*"P("(*+?. -.+-"*%#$*+%* -.+ 2&

3*"-*3-(Z+@ 5 #P*-%#+?. *+ ,# ,*-%&"# 5 "*-*3-(Z+ ?* ,# .4"#[

>+ *2%* 2*+%(?.@ *, %"#4#=. 3".3.+* &+# "*2('+(P(-#-(Z+ ?*, *23#-(.@ -.+Y

P".+%#+?. 2& ?($*+2(Z+ (+2%(%&-(.+#, 5 2($4Z,(-# -.+ ,# ?($*+2(Z+ ?* ,#

%.3.'"#PT# 2&'*"(?# 3." ,# ?"#$#%&"'(#[ C." ,. %#+%. 3.?*$.2 J#4,#" ?*

&+# ?(-.%.$T# *+%"* *, 6*23#-(. P(-%(-(.7 H*, ,&'#" ?.+?* .-&""* ,# #--(Z+

?*+%". ?* ,# .4"#I 5 *, 6*23#-(. ?* ,# "*3"*2*+%#-(Z+7 H*, ,&'#" PT2(-. 5

#"O&(%*-%Z+(-. ?.+?* 2&-*?* *, *23*-%G-&,.I[

:/#+M#+?. $G2 *+ ,#2 -&*2%(.+*2 *23#-(#,*2@ *+ "*,#-(Z+ # ,# ?"#$#%&"'(#@

$* '&2%#"T# (+%*+%#" 2*b#,#" #,'&+#2 (+%*"P*"*+-(#2 O&* ,# &%(,(M#-(Z+ ?* &+

!"#$ !&$'"("' 3"./.-#[ >, *23#-(. #P*-%# # ,# ?"#$#%&"'(#@ O&* %(*+* O&* 2*"

"**2-"(%# 5 #?#3%#?# # ,#2 -.+?(-(.+*2 #"O&(%*-%Z+(-#2 *23*-TP(-#2[ C."*=*$3,.@ +&*/.2 %*`%.2@ *2-*+#2 . ($G'*+*2 ?*4*+ 2*" -"*#?#2 3#"# O&* 2*

3&*?# *P*-%&#" *, %"#2,#?. ?* &+ ?*%*"$(+#?. #-%." Y5c. *, 3<4,(-.Y ?* &+

FFN :+%;+(. :"#<=.



G"*# # .%"# ?*+%". ?*, ,.-#, ?* "*3"*2*+%#-(Z+[ : /*-*2@ %#$4(R+ *+ ,# %*+Y

%#%(/# ?* ?(#,.'#" -.+ ,# *2%"&-%&"# PT2(-# ?* &+ *?(P(-(.@ #,'&+#2 *2-*+#2

2.+ -#$4(#?#2 ?* ."?*+@ $(*+%"#2 .%"#2@ 5# ?*2-#"%#?#2@ /&*,/*+[ d%"#2/*-*2@ # P(+ ?* 2#-#" /*+%#=# ?* &+ ?*%*"$(+#?. 2(%(. #"O&(%*-%Z+(-. 3#"#

,#2 -&*2%(.+*2 %"#%#?#2 ?*+%". ?*, *23*-%G-&,.@ ,# ?"#$#%&"'(# 3.?"G *2-"(Y

4(" $#%*"(#, (+R?(%.[ ](+#,$*+%*@ *+ P&+-(Z+ ?* ,# #%$Z2P*"# 3".3."-(.+#Y

?# 3." *, ,.-#,@ *, %*`%. 3.?"G #=&2%#"2* # R2%#@ #%*+&#+?. *,*$*+%.2 O&*@

# -#&2# ?*, #$4(*+%*@ +. +*-*2(%#"T#+ 2*" "*#,M#?.2@ . #, -.+%"#"(.@ "*P."Y

M#+?. #23*-%.2 O&* 2* ?*4(,(%#"T#+ . 2*"T#+ 6?*/."#?.27 3." *, ,&'#"[

>2#2 *`3*"(*+-(#2 !"#$%!&$'"("' +.2 "*/*,#".+ *, 3.?*" ?* $./(,(M#-(Z+ ?*,

%*#%". 5 2* +.2 3"*2*+%#".+ -.$. &+ (+2%"&$*+%. $&5 3.%*+%* ?* (+2*"Y

-(Z+ *+ ,# -(&?#?[ 8#, 3.?*" ?* (+%*"P*"*+-(# *+ ,#2 (+2%(%&-(.+*2@ ?* ?(G,.Y

'. -.+ ,# "*#,(?#?@ $#"-Z 3".P&+?#$*+%* *, %"#4#=. ?*, '"&3.[ e#4T#$.2

+. 2Z,. ?*2-&4(*"%. &+ *23#-(. *+ ,# -(&?#?@ 2(+. %#$4(R+@ *, *23#-(. ?* ,#

-(&?#?[ f@ #, $(2$. %(*$3. O&* *, %*#%". 2* /.,/T# $G2 "*#,@ ,# $(2$# "*#Y

,(?#? *"# P"#'$*+%#?# 3." ,# 2&4/*"2(Z+ ?* ,# %*#%"#,(?#?[

5 @+#">- &-+-A.- B - &$?C+#">-D 8*#%". ?# 9*"%('*$[ ].%.0 >?& g#"(+

!"#$#%&"'(# *+ *, -.,*-%(/.0 1+%*"/*+-(.+*2 *+ *23#-(.2 &"4#+.2 FFD



>, 3".-*2. -.,#4."#%(/.

\"*#$.2 4#=. &+# ?(+G$(-# O&* J*$.2 ?*+.$(+#?. -.$. 3".-*2. -.,#Y 4."#%(/.[ 8#, ?(+G$(-#@ 2&-(+%#$*+%* ?*P(+(?#@ 2* -.+2%(%&5* *+ &+ $.?.

?* -"*#-(Z+ *+ ,# O&* %.?.2 ,.2 (+%*'"#+%*2@ # 3#"%(" ?* 2&2 P&+-(.+*2 #"%T2Y

%(-#2 *23*-TP(-#2@ %(*+*+ ('&#, *23#-(. 3#"# "*#,(M#" 3".3&*2%#2@ ,. O&* 3".Y

?&-* &+# .4"# -&5# #&%."T# *2 -.$3#"%(?# 3." %.?.2[ A& ?(+G$(-# ?*2=*Y

"#"O&(M#?#@ $G2 O&* "*3"*2*+%#" &+# 6#&2*+-(#7 ?* =*"#"O&T#2@ #3&+%#

J#-(# &+ 2(2%*$# ?* =*"#"O&T#2 $.$*+%G+*#2@ P,.%#+%*2 & .2-(,#+%*2@ ,.-#Y

,(M#?#2 ?&"#+%* &+ -(*"%. %(*$3. *+ &+ ?*%*"$(+#?. 3.,. ?* -"*#-(Z+ H?"#Y

$#%&"'(#@ 3&*2%# *+ *2-*+#@ (+%*"3"*%#-(Z+@ *%-[I 3#"#@ *+ &+ 2('&(*+%*

$.$*+%.@ $./*"2* "&$4. # .%". /R"%(-* #"%T2%(-.[

>, ?(G,.'. .-&""* *+%"* P&+-(.+*2 5# ?*P(+(?#2 5 #2&$(?#2 ?*2?* *, (+(-(.[

>, %"#4#=. ?* -"*#-(Z+ 2Z,. 2* (+#&'&"#@ ?* J*-J.@ # 3#"%(" ?* *2%* 3#-%.

3"*/(#$*+%* *2%#4,*-(?.[ d 2*#@ *, '"&3.@ 3." $*?(. ?* &+ -.+2*+2. V.

-*2(Z+V ?*P(+* ,# .-&3#-(Z+ ?* -#?# G"*# #"%T2%(-#@ 2*'<+ *, (+%*"R2 5 ,#

J#4(,(?#? ?* ,.2 (+%*'"#+%*2 * (+/(%#?.2[ >2 -,#". O&*@ *+ $&-J#2 ?* ,#2 P&+Y

-(.+*2@ %#, ?*-(2(Z+ +( 2(O&(*"# 2* J#-* +*-*2#"(#@ *+ ,# $*?(?# *+ O&* *2

-.$<+ ,# 3*"$#+*+-(# 5 ,# -.+%(+&(?#? ?* ,.2 -.,#4."#?."*2 ?* &+ 3".Y5*-%. 3#"# *, .%".[

C*". h*+ O&R 2* ?(P*"*+-(#"T# +&*2%". %"#4#=. V5 *, ?* .%".2 '"&3.2 4"#Y

2(,*b.2 -.+%*$3."G+*.2V ?* ,# -"*#-(Z+ -.,*-%(/# ?* ,#2 ?R-#?#2 ?*, QN 5

iNj A( 3*+2#$.2 *+ &+ $.?*,. '*+*"#, ?* #O&*,,# 3"G-%(-# V,. O&* +.

2(*$3"* *2 #3".3(#?. 5 /*"?#?*".@ *+ ,# $*?(?# *+ O&* J&4. ?(P*"*+%*2

%(3.2 ?* -"*#-(.+*2 -.,*-%(/#2@ /#"(#2 ?* *,,#2 -.+ "#2'.2 $&5 3*-&,(#"*2V

/*$.2 O&* *`(2%T# &+ ?*2*. ?* "*-J#M. ?* ,# *23*-(#,(M#-(Z+ 5 ?* ,# ?(2.Y

,&-(Z+ ?* ,#2 P&+-(.+*2 #"%T2%(-#2@ * (+-,&2(/*@ ?* 2& *""#?(-#-(Z+[ \.$.

-.+2*-&*+-(#@ *2. .-#2(.+#4# &+# #-&$&,#-(Z+ ?* #%"(4&%.2 *+ &+ $(2$.

3".5*-%. &%Z3(-. ?* &+ #"%(2%# 3.,(/#,*+%*[ !* *2%# P."$#@ +. %*+T#$.2

&+ <+(-. ?"#$#%&"'.@ 2(+. &+# ?"#$#%&"'(# -.,*-%(/#K +( 2Z,. &+ ?("*-%."@

2(+. &+# ?("*--(Z+ ?* *2-*+# -.,*-%(/#K 5 %#$3.-. &+ ?(2*b#?." ?* *2-*Y

+.'"#PT# . ?* /*2%&#"(. . ?* ,&-*2@ 2(+. &+# -.+-*3-(Z+ ?* *2-*+#"(.@ ,&M

5 /*2%&#"(.@ "*#,(M#?# -.+=&+%#$*+%* 3." %.?.2 ,.2 (+%*'"#+%*2 ?* #O&*,

'"&3.[

>+ *, -#2. ?*, 3".-*2. -.,#4."#%(/.@ #, -.+%"#"(.@ ,# -.+2*"/#-(Z+ ?* ,#2

P&+-(.+*2 . ?* ,.2 ".,*2 #"%T2%(-.2 2* -.+2%(%&5* *+ '#%(,,. ?*P,#'"#?." ?* ,#

FFF :+%;+(. :"#<=.



?(+G$(-# ?* ?(G,.'.@ (+%*"-#$4(. 5 -"*#-(Z+[ >2 */(?*+%* O&* %#,*2 P&+-(.Y

+*2 +. 2* #%(*+*+ # ,.2 ,T$(%*2 "T'(?.2 * (+/(.,#4,*2 ?* &+ %*#%". $G2 -.+Y

/*+-(.+#,[ g&5 #, -.+%"#"(.@ ,# -.+%#$(+#-(Z+ 5 ,# +*'.-(#-(Z+ -.+2%#+%**+%"* ,#2 ?(P*"*+%*2 3#"%*2 *2 &+. ?* ,.2 3#"#?('$#2 ?* *2* 3".-*2.[ \.+

%.?.@ 3*"$#+*-* ,# 3"*2*"/#-(Z+ ?* ,#2 P&+-(.+*2 . ?* ,#2 J#4(,(?#?*2

*23*-TP(-#2[

>+ *2*+-(#@ *2%G -,#".@ *2%#$.2 #P(,(#?.2 # #,'&+.2 ?* ,.2 3"(+-(3(.2 P&+?#Y

$*+%#,*2 ?* ,# -"*#-(Z+ -.,*-%(/#@ 3*". ,.2 3"#-%(-#$.2 ?* P."$# ?(2%(+%#[

_# 3"(+-(3#, ?(P*"*+-(# 2* *+-&*+%"#@ *`#-%#$*+%*@ *+ *2# -.+2*"/#-(Z+ ?*

,#2 P&+-(.+*2 #"%T2%(-#2@ 5 *+ ,# '#"#+%T# ?* 2& *`(2%*+-(#[ !*+%". ?*, 3".Y

-*2. -.,#4."#%(/.@ *`(2%("T#@ 2T@ &+ ?"#$#%&"'.@ &+ ?("*-%."@ &+ (,&$(+#?."@

*%-[@ O&* 2(+%*%(M#"T#+ ,#2 ?(/*"2#2 2&'*"*+-(#2 ?*, '"&3. 3#"# &+# ?*%*"Y

$(+#?# G"*#@ 3".3.+(R+?.,* &+ -.+-*3%. *2%"&-%&"#?."[ :?*$G2@ P"*+%* #

#,'<+ ">&-!!$ (+2.,&4,*@ %*+?"T#+ ?*"*-J. # ,# 3#,#4"# P(+#, -.+-*"+(*+%* #

#O&*, #23*-%. ?* ,# -"*#-(Z+ ?*, O&* 2.+ 3"(+-(3#,*2 "*23.+2#4,*2[

>+ .%"#2 3#,#4"#2@ %#, 3".-*2. '#"#+%(M#"T# ,# *`(2%*+-(# ?* #,'&(*+ V&+

*23*-(#,(2%# . &+ (+%*"*2#?. *+ ?*%*"$(+#?. #23*-%. ?* ,# -"*#-(Z+V O&* 2*

"*23.+2#4(,(M#"T# ?* ,# -.."?(+#-(Z+ ?* ,#2 ?(P*"*+%*2 3".3&*2%#2 '"&3#,*2@O&* 3".-&"#"T# &+# 2T+%*2(2 #"%T2%(-#@ O&* #"%(-&,#"T# 2& ?(2-&"2. *2-R+(-. .

2& -.+-*3-(Z+@ 5 ?*2-#"%#"T# *,*$*+%.2 (+?*2*#4,*2 . (+."'G+(-.2 # ,#

-.+2%"&--(Z+ ?* ,# .4"#[ :, $(2$. %(*$3.@ *2%. +. #,(*+#"T# # *2* -"*#?."

2(+'&,#" ?*, "*2%. ?* ,# -"*#-(Z+[ 8#$4(R+ R, %"#*"T# 2&'*"*+-(#2 5 -.+%"(Y

4&-(.+*2 3#"# ,#2 .%"#2 G"*#2 5@ 3"(+-(3#,$*+%*@ ?(2-&%("T# ,.2 2*+%(?.2 ?*

,# .4"# -.$. &+ %.?.[

>2 ($3."%#+%* "*2#,%#" ,# -&*2%(Z+ ?* ,# 2T+%*2(2 P(+#,[ A( *+ ,# -"*#-(Z+

-.,*-%(/# ,# #&%."T# (+?(/(?&#, V-&#+?. .-&""*V ?*4* *2%#" 2.$*%(?# # ,#

/.,&+%#? ?*, '"&3.@ #O&T .-&""* &+# %*+2(Z+ #, ,T$(%* *+%"* *2%.2 ?.2 3.,.2[

A* %"#%#@ 3." ,. %#+%.@ ?* &+ $.?. ?(P*"*+%* ?* 3*+2#" 5 ?* 3"#-%(-#" ,#

#&%."T#[

g* '&2%# ,# (?*# ?* 6*2-"(%&"# $<,%(3,*7@ %#, -.$. *2 3*+2#?# 3." W#"%J*2@

?*P(+(?# -.$. 6&+ *23#-(. ?* $<,%(3,*2 ?($*+2(.+*2 *+ *, O&* 2* -.+Y

-&*"?#+ 5 2* -.+%"#2%#+ ?(/*"2#2 *2-"(%&"#2@ +(+'&+# ?* ,#2 -&#,*2 *2 ,# ."(Y

'(+#,7 HW#"%J*2@ FNN^0 QFI[ >+ *, 3".-*2. -.,#4."#%(/.@ =&2%#$*+%*@ ,.2 ?(P*Y"*+%*2 #&%."*2 V. #&%."T#2V +. 2* 2&$#+@ 2(+. O&* -.J#4(%#+ ?*+%". ?* ,#

.4"#[ _#2 ?(P*"*+%*2 *2-"(%&"#2 (+?(/(?&#,*2 2* $#+%(*+*+ #JT@ (?*+%(P(-#Y

!"#$#%&"'(# *+ *, -.,*-%(/.0 1+%*"/*+-(.+*2 *+ *23#-(.2 &"4#+.2 FFk



4,*2@ 5 *, -.+=&+%. +. 2* P."$# 3." 2& 2T+%*2(2 5 2T 3." *, ?(G,.'. 5 ,# P"(-Y

-(Z+K 3." *, -J.O&* ?* 3.,.2 #"%T2%(-.2 3#"%(-&,#"(M#?.2 O&* 2* 5&`%#3.+*+

. 2* -.+%#$(+#+@ 3*". +. 2* ?(,&5*+ &+. *+ *, .%".[ >+ R, %#$4(R+ 3.?*$.23*+2#" *+ &+# #&%."T# O&* 2* ?# V#&+O&* +. *`-,&2(/#$*+%*V 3." $*-#Y

+(2$.2 ?* #3".3(#-(Z+[

!* J*-J.@ %.?# *2# ?(+G$(-# ?* +*'.-(#-(.+*2 *2 ,# -#&2# 3"(+-(3#, ?* ,#

?(,#%#-(Z+ ?*, %(*$3. ?* *+2#5.[ A* (+/(*"%* V5 +. 62* 3(*"?*7V $&-J. %(*$Y

3. *+ *`3*"($*+%#-(.+*2 5 *+ ,# 4<2O&*?# ?* 2.,&-(.+*2 *+ ,#2 O&* %.?.2

2* "*-.+.M-#+[ _# -"*#-(Z+ 2* /&*,/* $G2 ,*+%# 5 ?(2%*+?(?#@ ,. O&* 3&*?*

-.+/*"%("2* *+ &+ *,*$*+%. ?* ?*2'#2%* ?* ,#2 "*,#-(.+*2 # ,#"'. 3,#M.[ C.".%"# 3#"%*@ *2 $&5 ?(PT-(, #,-#+M#" ,# $#?&"*M ?* &+ ?(2-&"2. -.,*-%(/. ?*

P."$# ."'G+(-# 5 -.+2-(*+%* 2(+ *2%#" #4(*"%.2 # &+# -.+%(+&# *2-&-J# ?*

,.2 ?*$G2[

8#, 3".-*2. 3"*%*+?*@ #+%* %.?.@ *2%($&,#" ,# 3#"%(-(3#-(Z+ ?* -#?# &+. ?*

,.2 $(*$4".2 ?*, '"&3.@ +. 2Z,. *+ ,# -"*#-(Z+ $#%*"(#, ?* ,# .4"#@ 2(+.

('&#,$*+%* *+ ,# "*P,*`(Z+ -"T%(-# 2.4"* ,#2 .3-(.+*2 *2%R%(-#2 5 ,.2 3"*2&Y

3&*2%.2 (?*.,Z'(-.2[ a. 4#2%#@ 3." ,. %#+%.@ O&* 2*#$.2 #3*+#2 #"%(2%#2Y

*=*-&%."*2 . #"%(2%#2Y3".3.+*+%*2 ?* $#%*"(#, *2-R+(-. 4"&%.[ a*-*2(%#$.2@

%.?.2@ #2&$(" %#$4(R+ *, 3#3*, ?* #"%(2%#2Y3*+2#?."*2@ %#+%. ?* ,.2 -#$(Y

+.2 $*%.?.,Z'(-.2 -.$. ?*, 2*+%(?. '*+*"#, ?*, *23*-%G-&,.[

_# *`(2%*+-(# ?* &+ -.+-*3%. (+?(/(?&#, P&*"%* -"*# &+ ($3."%#+%* 3.,. %*+Y

2." *+ &+ 3".-*2. $#"-#?. 3." (++&$*"#4,*2 (+%*"P*"*+-(#2 5 -.+%"(4&-(.Y

+*2[ >2%* -.+-*3%. (+?(/(?&#, #?*$G2 ?* P#/."*-*" ,# P(,%"#-(Z+ 5 2*,*--(Z+

?*, /#2%. $#%*"(#, 3".?&-(?.@ P&+-(.+# -.$. &+ *=* #',&%(+#?." ?* ,#2 3".Y

3&*2%#2 '"&3#,*2[ A(@ 3." &+ ,#?. #-%<# -.$. &+# 4#""*"#@ &+ ,T$(%*@ &+#P".+%*"#@ 3." *, .%".@ P#-(,(%# 5 *2%($&,# ,# (+%*",.-&-(Z+ 5 ,# *`3#+2(Z+ ?*

,#2 M.+#2 ?* -.,#4."#-(Z+[

>2%* 3.,. -"*#?." (+?(/(?&#, V3." 3#"#?Z=(-. O&* 3#"*M-#V #-#4# %#$4(R+

(+%*+2(P(-#+?. *, 3.2(-(.+#$(*+%. '"&3#,[ C"./.-# &+# %*+2(Z+ 3".?&-%(/#@

. (+-,&2. &+ #+%#'.+(2$. O&* P."%#,*-* *, 3".3(. '"&3. 5 *, -.+-*3%. '*+*Y

"#, O&* *, $(2$. %(*+* ?*, %"#4#=. V#&+O&* 3." ,# /T# ?* ,# -"(2(2 5 ?*, -.+Y

P,(-%.V[ C." .%"# 3#"%*@ ,#2 (+?(/(?&#,(?#?*2 #-#4#+ 2(*+?. P."%#,*-(?#2 %#$Y 4(R+ 3." *2%# ?(+G$(-# ?* -.+P".+%#-(.+*2@ ?(G,.'.2 5 +*'.-(#-(.+*2 3"*Y

2*+%*2 ?*+%". ?*, 3".-*2.[

FF^ :+%;+(. :"#<=.



1+-,&2.@ 3.?"T#$.2 3*+2#" ,# 6-"(2(27 +. -.$. &+# -.+2*-&*+-(# # ,# -&#,

*, '"&3. *2%G +*-*2#"(#$*+%* 3"*?*2%(+#?.@ 2(+. -.$. &+ $*-#+(2$.

($3,T-(%. * ($3&,2#?." *+ 3".-*2.2 ?* *2%# +#%&"#,*M#[ d 2*#@ O&* 2&?*2*+-#?*+#$(*+%. 3&*?* 2*" /(2%. +. -.$. &+# "*#--(Z+ *23.+%G+*# *

(+?*2*#?#@ 5 2T -.$. &+# #--(Z+ %"#+2P."$#?."#@ 3".?&-(?# 3." *, 3".3(.

3".-*2.[

>+ *, -#2. ?*, 3".-*2. -.,#4."#%(/.@ ,. O&* .-&""* *2 &+# -.+%(+&# .2-(,#Y

-(Z+ *+%"* 2&4."?(+#-(Z+ 5 -.."?(+#-(Z+@ P"&%. ?* &+ ?(+#$(2$. #2.-(#?.

# ,#2 P&+-(.+*2 5 #, $.$*+%. *+ *, O&* *, %"#4#=. 2* *+-&*+%"#[

>2 -,#". O&* ,#2 ?*P(+(-(.+*2 +. 6-#*+ *+ 3#"#-#T?#27[ >,,#2 2.+ -.+2*Y

-&*+-(# ?* ,# -.$3,*=# "*? ?* (+%*"?*3*+?*+-(#2 O&* $#"-# %.?. *, 3".-*Y

2.[ >2 $&5 -.$<+@ 3." *=*$3,.@ O&* J#5# -.+%(+&.2 -#$4(.2 ?* .3(+(Z+ 5

?* 3.2(-(.+#$(*+%. *+ /("%&? ?* *2.2 *$4#%*2 -"*#%(/.2[

:?*$G2 ?* *2%.@ *, *=*"-(-(. ?* #-#%#" &+# ?*P(+(-(Z+ #"%T2%(-# #=*+# 3#"%*

?* &+# *,*--(Z+ #+%*"(." "*#,(M#?# 3." %.?. *, -.,*-%(/. *+ "*,#-(Z+ # *2*

6.%".7 -.+ *, O&* 2* *2%#4,*-* &+# #2.-(#-(Z+[ >, '"&3. *2-.'(Z -.+ O&(R+

O&*"T# %"#4#=#" 5 +. 2*+-(,,#$*+%* P&* -.+%"#%#?. 3#"# "*#,(M#" &+ *23*-%GY-&,. -.+ &+ *O&(3. 3"*?*P(+(?.[

>+ %.?.2 *2%.2 -#2.2@ 2* 3&*?* (?*+%(P(-#" ,# *`(2%*+-(# ?* &+# #-%(%&? #"%T2Y

%(-# #&%."#,@ $#"-#?# 3." &+ (+%"(+-#?. =&*'. ?* ?*3*+?*+-(#Y(+?*3*+Y

?*+-(#@ O&* .2-(,# *+%"* ,(?*"#" 5 -..3*"#"@ *+%"* ($3*"$*#4(,(?#? 5 3.".Y

2(?#?[

A( ,# J."(M.+%#,(?#? ?* ,#2 P&+-(.+*2 *2 &+ 3"(+-(3(. 4G2(-. ?* P&+-(.+#Y

$(*+%. ?* *2%* 2(2%*$# ?* -"*#-(Z+@ *2 (++*'#4,* ,# "*/#,."(M#-(Z+ ?*, #-%."

-.$. &+ -"*#?." *+ ('&#,?#? -.+ *, ?"#$#%&"'. 5 *, ?("*-%."[ >+ ,# 3"G-%(Y

-#@ *+ *, (+*2%#4,* *O&(,(4"(. ?* P&*"M#2 ?* ,# 2#,# ?* *+2#5.@ ,# ?"#$#%&"Y

'(# 5 ,# ?("*--(Z+ 3#"*-*+ 63*"?*"7 2& -#"G-%*" ?* .$+(3.%*+-(# 5 .$+(2Y

-(*+-(#@ #4"(*+?. *23#-(. # &+# (+%*"P*"*+-(# #&%."#, P&*"%* 3." 3#"%* ?* ,.2

(+%R"3"*%*2[

a.2 (+%*"*2# *2# %*+2(Z+ ?(#,R-%(-# *+%"* ,# -"*#-(Z+ 3#"%(-&,#" 5 ,# %.%#,@ *+

,# -&#, %.?.2 *2%G+ 2&$*"'(?.2[ A(+ #4#+?.+#" ,# *23*-(P(-(?#? #"%T2%(-##&%Z+.$# ?* &+ ?*%*"$(+#?. #23*-%. ?* ,# -"*#-(Z+@ *, 3".-*2. -.,#4."#Y

%(/. +. "*?&-* #, -"*#?." # &+ $*". *23*-(#,(2%# . %R-+(-. ?* P&+-(Z+[ :

!"#$#%&"'(# *+ *, -.,*-%(/.0 1+%*"/*+-(.+*2 *+ *23#-(.2 &"4#+.2 FFL



3*2#" ?* 3"*2*"/#" ,#2 (+?(/(?&#,(?#?*2 #"%T2%(-#2@ -.+%"(4&5* # &+ 3*+2#Y

$(*+%. 5 &+# 3"#`(2 O&* *2 -.,*-%(/#[

>, %"#4#=. ?* 5 -.+ *, ?"#$#%&"'.

_. O&* +.2 (+%*"*2# *2 &+ ?"#$#%&"'. 3"*2*+%* *+ *, -&*"3. # -&*"3. ?* ,#

2#,# ?* *+2#5.2@ ?(2-&%(*+?. +. 2.,#$*+%* *, #"$#MZ+ *2%"&-%&"#, . ,# *,*-Y

-(Z+ ?* ,#2 3#,#4"#2@ 2(+. %#$4(R+ ,# %*`%&"# *2-R+(-# ?* #O&*, $#%*"(#,[ >+

*2%* 2*+%(?.@ 3*+2#$.2 *+ ,# ?"#$#%&"'(# -.$. &+# *2-"(%&"# ?* ,# *2-*+#

V+. 2.,#$*+%* 3#,#4"#2@ 3*". %#$4(R+ ($G'*+*2@ #--(.+*2 -."3."#,*2@

2*-&*+-(#2 ?* $./($(*+%.@ *%-[Y #3".`($G+?.,# # ,# 3"*-#"(*?#? ?* ,. *PTY

$*". ?*, ,*+'&#=* %*#%"#,@ # 3*2#" ?*, 2.3."%* $#%*"(#, . /("%&#, *+ *, -&#,

*,,# 2* (+2-"(4*[ _. O&* 2('+(P(-# ".$3*" -.+ 2& "*-&""*+%* #&"# ?* *%*"+(Y

?#?@ 3#"# O&* 2* */#3."* *+ *, 2&?." ?* ,# *2-*+#@ *+ *, #O&T 5 *+ *, #J."#

?*, P*+Z$*+. %*#%"#,[ >+ /*M ?* &+ *2-"(%." *`(,(#?. ?* ,# #--(Z+ 5 ?*, -&*"Y

3. ?*, #-%."@ 4&2-#$.2 &+ ?"#$#%&"'. ?* 2#,# ?* *+2#5.@ -.$3#b*". /(/.

5 3"*2*+%* ?* ,.2 (+%R"3"*%*2 5 ?*, ?("*-%."[

8#+%. -.$. # ,.2 .%".2 -.,#4."#?."*2@ ,* -.""*23.+?*"G %"#*" 3".3&*2%#2-.+-"*%#2 V/*"4#,*2@ '*2%&#,*2 . *2-R+(-#2V 3*". %#$4(R+ ?(#,.'#" -.+ *,

$#%*"(#, O&* *2 3".?&-(?. ?(#"(#$*+%* *+ ($3"./(2#-(.+*2 5 *=*"-(-(.2[ >,

%*`%. #O&T +. *2 &+ $#%*"(#, # 3"(."(@ $#2 2T &+ .4=*%. *+ -.+%(+&. P,&=. ?*

%"#+2P."$#-(Z+[ !* #JT ,# ?*+.$(+#-(Z+ ?"#$#%&"'(# *+ 3".-*2.[ 8#+%.

-.$. #-%."*2 5 ?("*-%."*2 +*-*2(%#+ ,.2 *+2#5.2 3#"# ?*2#"".,,#" 5 -.+2Y

%"&(" 2&2 .4"#2@ *, ?"#$#%&"'. ,.2 +*-*2(%#"G *+ ('&#, $*?(?#[

8#, 3*"23*-%(/# 3"*2&3.+* +. 2.,. -.+2%#+%*2 "**2-"(%&"#2 . ?(P*"*+%*2 /*"Y

2(.+*2 5 %"#%#$(*+%.2 ?*, %*`%.@ 3*". %#$4(R+ &+ *23#-(. ?* ($3"./(2#-(Z+

?"#$#%<"'(-#[ _# "&3%&"# -.+ ,# (?*# ?* &+ 6%*`%. P(=#?." . (+$&%#4,*7@ O&*

-"(2%#,(M# ,#2 3".3&*2%#2 ?*"(/#?#2 ?* ,.2 *+2#5.2@ 2* J#-* +*-*2#"(#[ >2

-,#". O&* $G2 %#"?* ?*+%". ?*, 3".-*2.@ %#, 2T+%*2(2 . -.+-"*%(M#-(Z+ #-.+Y

%*-*"G +#%&"#,$*+%*@ 3*". ,. ($3."%#+%* #O&T *2 ,# '#"#+%T# ?* &+ *23#-(.

?* ($3"./(2#-(Z+ ?"#$#%<"'(-#[

>`#-%#$*+%* -.$. ,.2 #-%."*2@ *, ?"#$#%&"'. 3.?"G *=*"-(%#" *24.M.2 ?*

*2-*+#2@ P"#'$*+%.2 ?* %*`%.2@ P"#2*2 2&*,%#2@ ($G'*+*2@ *%-[@ -&5. <+(-.-.$3".$(2. *2 *, ?* ,# 3.2(4(,(?#? ?* O&* ($3"./(2* * (+/*2%('&* ,(4"*Y

$*+%*[ C." ,. %#+%.@ *2* $#%*"(#, 2*"G %#+ P&'#M 5 3"./(2(.+#, -.$. ,.2

FFQ :+%;+(. :"#<=.



*=*"-(-(.2 *2-R+(-.2 3".3&*2%.2 3." ,.2 3*"P."$*"2[ C.?"G 2*" *+%*"#$*+Y

%* ?*2-#"%#?. .@ 2( P&*"# *, -#2.@ 2* #3"./*-J#"G #,'<+ *,*$*+%. 2&'*2%(/.[

>/(?*+%*$*+%*@ %#, ?(+G$(-# *`('* &+ +&*/. %(3. . &+# +&*/# 3.2%&"# 3."3#"%* ?*, ?"#$#%&"'. ?*+%". ?*, O&*J#-*" %*#%"#,[ C." *=*$3,.@ R, +*-*2(Y

%#"T# 2*" %#+ ?*23"*+?(?. -.$. ,.2 #-%."*2 5 *, ?("*-%."@ O&* *+ *, 2*-"*%.

?* ,# 2#,# ?* *+2#5. 2.+ -#3#-*2 ?* 3".3.+*" *2-*+#2 (+-.+2(2%*+%*2@ P"GY

'(,*2@ ?* $#,# -#,(?#? 5@ # 3*2#" ?* *,,.@ P&+?#$*+%#,*2 3#"# *, ?*2#"".,,.

?* ,# .4"#[

!* ,# $(2$# P."$#@ +*-*2(%#$.2 &+.2 #-%."*2 5 &+ ?("*-%." O&* +. /*#+

-&#,O&(*" 3".3&*2%# ?* %*`%. $#%*"(#,(M#?# *+ &+# 3G'(+# ($3"*2# ?*

3#3*,@ -.$. &+ 6%*`%. P(+#,7 . -.$. &+ 6*24.M. ?* *2%"&-%&"#7@ 2(+.@ 2*+Y

-(,,#$*+%*@ -.$. &+# ($3"./(2#-(Z+ %*`%&#,[

>2 $&5 -.$<+@ #+%*2 ?* 2#,(" # *2-*+# 5 *`3*"($*+%#"@ O&* -"(%(O&*$.2 .

3"*=&M'&*$.2 ,.2 *24.M.2 . -J."".2 /*"4#,*2 /*+(?.2 ?*, ?"#$#%&"'.[ >2

P&+?#$*+%#, O&* *, +<-,*. ?* ,.2 (+%R"3"*%*2 5 ,# ?("*--(Z+ "*/(2*+ 2&2 -.+Y

-*3%.2 5 3#"G$*%".2@ 3#"# O&* %#$4(R+ 3&*?#+ #4"("2* # &+ +&*/. %(3. ?*

"*,#-(Z+ -.+ ,# ?"#$#%&"'(#[ d 2*#@ 3"#-%(-#" ,# ?(23.+(4(,(?#? 5 '*+*".2(Y

?#? *+ "*,#-(Z+ # ,#2 3".3&*2%#2 5 2&'*"*+-(#2 %"#T?#2@ ,&-J#" -.+%"# ,.23"*=&(-(.2 5 *`3*"($*+%#"@ ?*P*+?*" 5 #4"#M#" ,# (?*# ?*, .%". -.$. 2(

P&*"# ,# +&*2%"#[

A( -.$. ?("*-%." 2.5 -#3#M@ #, .42*"/#" ,# ($3"./(2#-(Z+ ?* &+ #-%."@ ?*

2*,*--(.+#" #,'<+ $T+($. *,*$*+%. ?* (+%*"R2 .@ #, -.+%"#"(.@ ?#"$* -&*+Y

%# ?* ,.2 "&$4.2 O&* +. ?*4*+ 2*'&("2*@ 3.?"T# "*,#-(.+#"$* -.+ &+ *=*"Y

-(-(. %*`%&#, ?* &+# P."$# ('&#,$*+%* #4(*"%#[ d 2*#@ *+-#"#" &+# 3".Y

3&*2%# ?* %*`%. . '&(Z+@ +. -.$. ?*P(+(%(/#@ 3*". 2T@ -.$. P&*+%* ?* 2&'*Y

"*+-(#2@ ?* 3(2%#2 3#"# 3.2(4,*2 -#$(+.2 .@ #, -.+%"#"(.@ ?* -#,,*2 O&* +.

,,*/#"G+ # +(+'<+ ,&'#"[

:?*$G2 ?* *2.@ *, *+P"*+%#$(*+%. ?* ,#2 ?(P(-&,%#?*2 (+J*"*+%*2 # &+ '&(Z+

+. ?*4* 2*" "*?&-(?. # &+# "*-&2#-(Z+ . ?*3"*-(. ?*, $(2$.[ l+ P"#'$*+Y

%. ?"#$#%<"'(-. O&*@ *+ &+# 3"($*"# ,*-%&"# 3&*?* 2.+#" %."3* . $#, *2-"(Y

%.@ # $*?(?# O&* ,. /#$.2 6$#2%(-#+?.7 5 +.2 ,. /#$.2 #3".3(#+?.@ 3&*?*

"*/*,#" 2."3"*2#2 . 3.2(4(,(?#?*2 +. ($#'(+#?#2[

>, 3".-*2. -.,#4."#%(/.@ 3." ,. %#+%.@ 3"*/R +. 2.,#$*+%* &+ 6+&*/.7 ?"#Y

$#%&"'.@ -.+ &+ *2%#%&%. ?* 3"*-#"(*?#? 5 3"./(2(.+#,(?#? ('&#, #, ?* ,.2

!"#$#%&"'(# *+ *, -.,*-%(/.0 1+%*"/*+-(.+*2 *+ *23#-(.2 &"4#+.2 FFi



.%".2 -"*#?."*2 ?* ,# *2-*+#@ 2(+. %#$4(R+ &+ 6+&*/.7 #-%." 5 ?("*-%."@

-#3#-*2 ?* 3*"-(4(" *, %*`%. *+ %.?# 2& P."$# *PT$*"#@ ?* /*" #, ?"#$#%&"Y

'. -.$. &+ -Z$3,(-* ?* &+# 6*2-*+# *+ -.+2%"&--(Z+7@ &-." &-!!C -.+ ,#-"*#-(Z+ ?* ,.2 (+%R"3"*%*2 5 ?*, *23*-%G-&,.[ _# 3#,#4"#@ ,.2 ?(G,.'.2@ ,#2

#-.%#-(.+*2@ ,#2 ($G'*+*2 . ,.2 '&(.+*2 ?* #--(Z+ 3&*?*+ /.,/*"2* *,*Y

$*+%.2 O&* P.$*+%#+ 5 %*+2#+ *, 3".-*2. -"*#%(/.[

>2 ($3."%#+%* -.$3"*+?*" O&* ?"#$#%&"'(#@ 3&*2%# *+ *2-*+# * (+%*"3"*Y

%#-(Z+ /#+ $#?&"#+?. -.+=&+%# 5 2($&,%G+*#$*+%*@ 5 O&* *2 #"%(P(-(#,

2*3#"#" *2%.2 -#$3.2 ?* P."$# (+?(/(?&#,(M#?# 5 2(+ ?(G,.'. *+%"* *,,.2[

8#$4(R+ *2 -,#"# ,# ($3.2(4(,(?#? ?* %*"$(+#" (+%*'"#,$*+%* &+# ?* *2%#2

G"*#2 3#"# -.$*+M#" .%"#@ *+ ,# $*?(?# *+ O&* *,,#2 2* "*#,($*+%#+ * (+%*"Y

-.+*-%#+ %.?. *, %(*$3.[

E 2"A.0 1$ 4FD 8*#%". ?# 9*"%('*$[ ].%.0 \,#&?(# \#,#4(

FFX :+%;+(. :"#<=.



C.?"T#$.2 (+-,&2. #3&+%#" #,'&+.2 3".4,*$#2 *+ "*,#-(Z+ #, ?*2#"".,,. ?*

,# ?"#$#%&"'(# *+ *, 3".-*2. -.,#4."#%(/.[ C." *=*$3,.@ *, *`-*2. ?* ?(2Y

-&2(Z+ 3&*?* 2*" &+# %Z+(-# ?*+%". ?* &+# 3"G-%(-# -.,*-%(/# -.$. *2%#[:?*$G2 ?* *2.@ %*."(M#-(.+*2 5 -.+P".+%#-(.+*2 #"'&$*+%#%(/#2 +. ?*4*+

2&2%(%&(" ,# *`3*"($*+%#-(Z+ 3"G-%(-# 5 -.+-"*%#[ >2 P&+?#$*+%#, ?*=#" O&*

*, "*2&,%#?. *2-R+(-. 2*# *, 3"(+-(3#, 4#,(M#?." ?* ,.2 -#$(+.2 5 ?* ,#2

.3-(.+*2 #"%T2%(-#2[ !* #JT O&* 2*# +*-*2#"(. *2-&-J#" 5 "*23.+?*" # ,. O&*

,# *2-*+# 3(?*@ $G2 O&* # *2'"($#2 /*"4#,*2 . # ,# "*%Z"(-#[ _# *2-*+# O&*

2* $("# 5 O&* 2* *2-&-J# *2 *, =&*M[

!* ,#2 3"*'&+%#2 -.+ ,#2 O&* -.+2%#+%*$*+%* +.2 -.+P".+%#$.2@ 3.?"T#

%"#*" #,'&+.2 *=*$3,.20 h-Z$. J#-*" 3#"# O&* ,# 3#"%(-(3#-(Z+ ?* %.?.2 2*#

*O&(,(4"#?# 5 O&* *, ?"#$#%&"'. . *, ?("*-%." +. 2* /&*,/#+ *, *3(-*+%". ?*,

3".-*2.j h-Z$. +. (+J(4(" *, P,&=. ?* 3".3&*2%#2@ *2%($&,#+?. # %.?. 5 #

-&#,O&(*" $#%*"(#, # %*+*" /.M@ 2*#+ -,(-JR2@ *2%*"*.%(3.2@ P."$#,(M#-(.+*2

(+'*+&#2 . ?* $#, '&2%.@ 2*#+ (?*#2 -.+-*3%&#,$*+%* #"".=#?#2 . %"#+2Y

'"*2."#2j h-Z$. -"*#" &+# M.+# ?* -.+P(#+M# 5 -.$3,(-(?#? 3#"# *, 6*=*"Y

-(-(. ?*, "(*2'.7j f@ *2 $G2@ 2( #3"*+?*$.2 O&* *2 +.-(/. ($3"./(2#" (+?*Y

P(+(?#$*+%*@ h-Z$. +. -"(2%#,(M#" P."$#,(M#-(.+*2 *2-R+(-#2 ?*$#2(#?.

%*$3"#+.j

_# ?"#$#%&"'(# ?* #JT "*2&,%#+%*@ $G2 O&* &+# ?"#$#%&"'(# -.,*-%(/#@

$#%*"(#,(M# &+# ?"#$#%&"'(# *+ *, -.,*-%(/.0 3,&"#,@ J*%*".'R+*# 5 3.,(PZY

+(-#[ A(+ *$4#"'.@ *2 %#$4(R+ &+# ?"#$#%&"'(# ?*, -.,*-%(/.@ *+ ,# $*?(?#

*+ O&* ?(#,.'# -.+ &+# (+%*"/*+-(Z+ &"4#+#@ *+ O&* 2&"'* ?* &+ *$4#%*

-.+-"*%. -.+ ,# 3.,(2 V ?* #JT 2& -#"G-%*" (++*'#4,*$*+%* 3.,T%(-.[ gG2 O&*

*2-"(4(" 2.4"* ,# -(&?#?@ *,,# 2* (+2-"(4* *+ *, -&*"3. #"O&(%*-%Z+(-. ?* ,#

&"4*@ 3".?&-(*+?. &+# *23*-(* ?* %*`%&"# *2-R+(-.Y-#"%.'"GP(-#@ O&* 2#-# #

,# ,&M ,# $*$."(# "*-#,-#?# ?* ,# -(&?#?@ #O&*,,. O&* 2* O&(2. .,/(?#" .

4.""#"[

8#,*2 *`3*"(*+-(#2 +. 3"*%*+?*+ J#-*" ?* ,# -(&?#? &+ *23*-%G-&,.@ +( -.+Y

/*"%(",# %.?#/T# $G2 *+ P*%(-J* V# 3*2#" ?* O&* *2* 3*,('". *2%G -.,.-#?.

%.?. *, %(*$3.@ +. 4#2%#+?. #3*+#2 *, J*-J. ?* O&* *2%*$.2 #%*+%.2 . *+

-.+%(+&# ,&-J# -.+%"# R,V[ g&-J#2 /*-*2 *2 +*-*2#"(. O&* -#('#$.2 *+ *2#

#"$#?(,,# 3#"# -.+2*'&(" 2#,(" ?* *,,# H,. O&* +. *2 3.2(4,* 2(+ -(-#%"(-*2I[

: ,# -(&?#?YP*%(-J*@ # ,# -(&?#?Y*2-*+#"(.@ # ,# -(&?#?YP#-J#?#@ # ,# -(&?#?Y%&"T2%(-# 4&2-#$.2 3".3.+*",* .%"#2 -.."?*+#?#2 '*.'"GP(-#2@ ?(P*"*+%*2

%"#5*-%.2@ 5 3"(+-(3#,$*+%*@ .%"# -#,(?#? * (+%*+2(?#? ?* *`3*"(*+-(#[ C#"#

!"#$#%&"'(# *+ *, -.,*-%(/.0 1+%*"/*+-(.+*2 *+ *23#-(.2 &"4#+.2 FFE



O&* #2T 3.?#$.2 &+# /*M $G2 "*-&3*"#" ,# -(&Y

?#? *+ +&*2%"#2 $#+.2 V5 O&(R+ 2#4*@ -.+ *2#2

$(2$#2 $#+.2 5 -&*"3.2 "**2-"(4(",#V[

>+ *2%* 2*+%(?.@ *, *23#-(. &"4#+. +. *2 $#"-.@

+( *2-*+#"(. 5 $&-J. $*+.2 #<+@ .4=*%. -.$*"Y

-(#,(M#4,*[ A* -.+/(*"%* #, -.+%"#"(.@ *+ &+

-#$3. ?* *`3*"($*+%#-(Z+@ O&*4"#+?. +&*2%"#

"*,#-(Z+ -.%(?(#+# 5 ?.$*2%(-#?# -.+ R,[ a&*2Y

%"# $("#?# 2* "*Y2*+2(4(,(M#@ +&*2%".2 2*+%(?.2

2* ?*2Y#+*2%*2(#+@ 5 .%".2 "*'T$*+*2 ?* #%*+Y

-(Z+ 5 ?* 3"*2*+-(# 2.+ *`3*"($*+%#?.2[ >2

-.$. 2( 3&?(R"#$.2 "*J#-*" . "*-"*#" *, %"#M#Y

?. 5# -.?(P(-#?. ?* ,#2 -#,,*2 5 ?* ,.2 4#""(.2 V

.@ (+-,&2.@ *+ ,# 3*"23*-%(/# ?* ,# 32(-.'*.Y

'"#PT# ?* m&5 !*4."?@ *`3*"($*+%#",.2 ?* .%"#

$#+*"#[ A* %"#%#@ *+ P(+@ ?* &+# #--(Z+ 3.R%(-#

5 3.,T%(-# O&* "*(+2%#&"# +&*2%"# -.+?(-(Z+ ?*

-(&?#?#+.2 5@ 3." .%". ,#?.@ 3#"*-* "*-&3*"#"

,# ?($*+2(Z+ VO&* 2(*$3"* P&* 2&5#V ?*, %*#%".-.$. #"%* 3<4,(-.[

FkN :+%;+(. :"#<=.

W(4,(.'"#PT#

W#"%J*2@ S.,#+?0 E .C>0. 1- +/?9C- [g#"%(+2 ].+%*2@ A#.C#&,.@ FNN^[

]*"+#?*2@ AT,/(#0 6d_&'#" ?# 9*"%('*$7@ (+

8$-#.0 1- G$.#"9$>@8"(,.'(# WT4,(-#@ C&4,(YP.,J#@ A#. C#&,.@ FNNF[



!"#$#%&"'( *"+$ %,-.+//-.%01- '"+&23 45%-"1-5%0+5605 &"7#5 62#.-6 #58 %,-9.+//#7+"#%01- 2"+.-66: 05%,- ;-#%"+ 8# <-"%0'-$

=5%>50+ ="#?@+

;,- ;-#%"+ 8# <-"%0'-$A # '"+&2 *"+$ %,- .0%( +* BC+ D#&/+ ."-#%-8 05 EFFGA

06 H5+I5 *+" 0%6 60%-J62-.0*0. #58 &"7#5 2-"*+"$#5.-6A 05./&805'3 !" $%&%'() $*&+,+) KD#"#806- L+6%M KEFFGMA 6-% 05 %,- 05%-"0+" +* # .,&".,N !" -,.&) +* /). 012* 3))4 )5 /). MKEFFOMA 6-% I0%,05 %,- .+5*05-6 +* # ,+620%#/ 67)8%",7(,( 9:99 067)8%";7(* 9:99<< KGPPPMA %,- *05#/ I+"H +* I,#% 7-.#$- %+ 7- H5+I5

#6 %,- 1&,")='% 3'.",8% KQ07/0.#/ ;"0/+'(M #58 I#6 2"-6-5%-8 I0%,05 # 2"06+5N

3>?@ KGPPRMA I,0., I#6 6%#'-8 +5 %,- ;0-%S T%,- $+6% .+5%#$05#%-8 "01-"

05 Q"#U0/TN #58 -% A"B,C% $%"%.&% *( "% $*DE"B,C% K;,- L#6% V+"8 06 %,-

B-.+58 L#6%M KGPPWMA 2"-6-5%-8 05 # &58-"'"+&58 2#66#'-I#( 05 %,- ,06J%+"0. .-5%"- +* BC+ D#&/+X

;,-6- 20-.-6 *+"$ # %,-#%"0.#/ ."-#%0+5 05 2&7/0. 62#.-6A 62#.-6 %,#% ,#1-

5+ 056%0%&%0+5#/ +" *&5.%0+5#/ /05H I0%, %,- %,-#%"-X 45 # $-%"+2+/06 /0H- BC+

D#+/+A # .,&".,A # ,+620%#/A # 2"06+5 +" %,- "01-" +* %,- .0%( "-2"-6-5% # /+.#J

%0+5 7+%, 2,(60.#/ #58 6($7+/0.#/X ;,-6- #"- 2/#.-6 0$2"-'5#%-8 I0%,

$-$+"( #58 ,06%+"( I0%, # 62-.0*0. -$+%0+5#/ I-0',%X =6 %,- "-6-#".,-"

B0/10# Y-"5#58-6 8-*05-8 0%3

;,-6- #"- "-#/A .+5."-%- 62#.-6A KZM %,#% 2"-6-"1- %,- 1-6%0'-6 +*

2&7/0. &6#'- #58 2/#.- %,- 62-.%#%+" 05 # *"+5%0-" U+5- 7-%I--5 .0%(



#58 %,-#%"- 2"+1+H05' 05 %,- /#6% 056%#5.- 9#5 051-"60+5 +* &"7#5

'-+'"#2,(:X KY-"5#58-6A GPPG3 [PMX

;,- 08-# ,-"- 06 %+ ."-#%- # %-560+5 I0%, %,- .,+6-5 8"#$#%0. .+5%-5% #58

5+% "-8&58#5.( +" 0//&6%"#%0+5X ;,-"-*+"- 05 +"8-" %+ ."-#%- %,06 .+5*"+5%#J

%0+5 +* $-#505'6A %,- 2-"*+"$#5.- 1-5&- .+&/8 5+% 7- # 95-&%"#/ 62#.-: T

#2#"% *"+$ %,- *#.% %,#% 4 2-"6+5#//( 8+ 5+% 7-/0-1- 05 %,- -\06%-5.- +* 6&.,

# .#%-'+"(X

4% 06 *+" %,06 1-"( "-#6+5 %,#%A *+//+I05' +5 *"+$ %,06 2-"62-.%01-A %,-

6($7+/0.A ,06%+"0.A 2+/0%0.#/ #58 056%0%&%0+5#/ $-#505' +* # 2/#.- 06 $+"-

0$2+"%#5% %,#5 0%6 6.-50.J#".,0%-.%+50. 2+66070/0%0-6X V- #"- 806%#5.05'

+&"6-/1-6 *"+$ # $+"- %,-#%"0.#/ #".,0%-.%&"- 05 *#1+&" +* *--/05' T+" *--/J

05'6T %,#% # '01-5 1-5&- 06 .#2#7/- +* 2"+8&.05'X =6 # "-6&/% %,- .,+6-5

62#.- 06 %,- +5/( +5- 2+6607/- *+" # 2#"%0.&/#" $06- -5 6.-5-X

45 +%,-" I+"86A 7-.#&6- +* %,06 *"0.%0+5 +* *--/05'6A I- 5--8 # 2-"*+"$#5.-

62#.- I0%, #&%+5+$+&6 *+".-A I,0., .#5 2/#.- 0%6-/* +5 #5 -]&#/ *++%05'

I0%, %,- %,-$#%0. 5&./-&6 +* %,- I+"HX

;,- H-( 08-# 06 %+ ."-#%- # ,(7"08 U+5-A 7-%I--5 %,- 9"-#/: +" %,- 9"-#/0%(:

+* %,- 62#.-A #58 %,- 9*0.%0+5#/: +" 9%,-#%"0.#/: .#""0-8 I0%,05 %,- %-\% #58

%,- 2-"*+"$#5.- 0%6-/*X ;,06 05%-"$-80#%- #58 6,0*%05' %-""#05A I- 7-/0-1- 06

.#2#7/- +* 8-6%#70/0U05' %,- 62-.%#%+"A 62-.0*0.#//( 05%-"*-"05' I0%, ,06

2-".-2%0+5 #58 #**-.%05' ,06 "-#805' #58 "-.-2%0+5 +* %,- I+"HX

45 %,06 6-56-A %,- I+"H 2"+2+6-6 # "-8-*050%0+5 +* %,- $-#505' +* 62#.-A

.+5*"+5%05' 0%6 056%0%&%0+5#/ #58 6($7+/0. 80$-560+5 I0%, %,- %+2+'"#2,(

80$-560+5 6&''-6%-8 7( %,- 2/#(I"0',%X ;,&6 I- .#5 62-#H +* # 80.,+%+$(

7-%I--5 9*0.%0%0+&6 62#.-: K%,- 2/#.- I,-"- %,- #.%0+5 I0%,05 %,- I+"H

+..&"6M #58 9%,- 2-"*+"$#5.- 62#.-: K%,- 2,(60.#/ #58 #".,0%-.%+50. 2/#.-

I,-"- %,- 2-"*+"$#5.- %#H-6 2/#.-MX

=81#5.05' *&"%,-" I0%, %,- ]&-6%0+5 +* 62#.- 05 "-/#%0+5 %+ %,- 8"#$#%0.

#"%6A 4^8 /0H- %+ 2+05% +&% 6+$- 05%-"*-"-5.-6 %,#% %,- &6- +* # 962-.0*0. 60%-:

.#5 7"05' #7+&%X B2#.- #**-.%6 %,- 8"#$#%0. I+"H %,#% ,#6 %+ 7- "-I"0%%-5

#58 #8#2%-8 %+ %,- 62-.0*0. #".,0%-.%+50. .+580%0+56X Y+" -\#$2/-A 5-I%-\%6A 6.-5-6 #58 0$#'-6 ,#1- %+ 7- ."-#%-8 05 +"8-" %+ $+1- # 2#"%0.&/#"

#.%+" T#58_+" %,- #&80-5.-J *"+$ +5- #"-# %+ #5+%,-" I0%,05 %,- 2-"*+"$J

G`G =5%>50+ ="#?@+



#5.- 60%-X B+$-%0$-6A #/6+ 05 #5 #%%-$2% %+ 80#/+'&- I0%, %,- 2,(60.#/

6%"&.%&"- +* # 7&0/805'A %,- +"8-" +* 6+$- 6.-5-6 $#( 7- .,#5'-8A I,0/-

+%,-"6 I,0., ,#8 7--5 "&/-8 +&% #"- 7"+&',% 7#.HX a%,-" %0$-6A 05 +"8-" %+%#H- #81#5%#'- +* # '01-5 #".,0%-.%+50. 60%- *+" %,- ]&-6%0+56 8-#/% I0%, 7(

%,- I+"HA %,- 8"#$#%06% .+&/8 I"0%- &52&7/06,-8 $#%-"0#/X Y05#//(A

8-2-5805' +5 %,- #%$+62,-"- 2"+8&.-8 7( %,- 60%-A %,- %-\% .#5 7-

#8@&6%-8 #..+"805'/(A #6 05 %+505' 8+I5 -/-$-5%6 I,0.,A 7-.#&6- +* %,-

#$70-5.-A 8+ 5+% 5--8 %+ 7- ,0',/0',%-8A +" .+51-"6-/(A "-05*+".05' #62-.%6

%,#% I+&/8 7- I-#H-5-8 +" 98-1+&"-8: 7( %,- 60%-X

;,-6- 960%-J62-.0*0.: -\2-"0-5.-6 "-1-#/-8 %+ &6 %,- %,-#%"-^6 2+I-" +*

$+70/0U#%0+5 #58 2"-6-5%-8 %,-$6-/1-6 #6 # 1-"( 2+I-"*&/ 056%"&$-5% +*

056-"%0+5 I0%,05 %,- .0%(X B&., # 2+I-" +* 05%-"1-5%0+5 05 %,- 056%0%&%0+56A

+* 80#/+'&- I0%, "-#/0%(A 2"+*+&58/( $#"H-8 %,- I+"H +* %,- '"+&2X V- ,#8

5+% +5/( 806.+1-"-8 # 62#.- 05 %,- .0%(A 7&% #/6+ %,- 62#.- +* %,- .0%(X =58

I,0/- %,- %,-#%"- I#6 7-.+$05' 05."-#605'/( "-#/A %,#% 6#$- "-#/0%( I#6

*"#'$-5%-8 7( %,- 6&71-"60+5 +* %,-#%"0.#/0%(X

67)8%",7(* 9: 99F ;-#%"+ 8# <-"%0'-$X D,+%+3 b/#&80# b#/#70

!"#$#%&"'( *"+$ %,- .+//-.%01- '"+&2 G``



;,- .+//#7+"#%01- 2"+.-66

V- ."-#%- &58-" %,- 8(5#$0. +* I,#% I- ,#1- .#//-8 %,- .+//#7+"#%01-2"+.-66X B&., # 8(5#$0.A 6&..05.%/( 8-*05-8A "-2"-6-5%6 # $+8- +* ."-#%0+5

05 I,0., #// %,- 05%-'"#/ 2#"%6A +5 %,- 7#606 +* %,-0" 62-.0*0. #"%06%0. *&5.J

%0+56A ,#1- %,- 6#$- 62#.- 05 I,0., %+ $#H- 2"+2+6#/6A 2"+8&.05' # I+"H

I,+6- #&%,+"6,02 06 6,#"-8 7( #//X 4%6 5+5,0-"#".,0.#/ 8(5#$0.A 056%-#8 +*

"-2"-6-5%05' #5 9#76-5.-: +* ,0-"#".,0-6A 2+05%6 %+ # 6(6%-$ +* $+$-5J

%#"(A */+#%05' #58 +6.0//#%05' ,0-"#".,0-6A 60%&#%-8 8&"05' # .-"%#05 %0$- 05

# .-"%#05 ."-#%01- 2+05% +* "-*-"-5.- K8"#$#A 6%#'05'A 05%-"2"-%#%0+5A -%.XM %+

$+1- # $+$-5% /#%-" +5%+ #5+%,-" #"%06%0. 7-5., $#"HX

!0#/+'&- +..&"6 7-%I--5 "+/-6 #/"-#8( 8-*05-8 #58 #66&$-8 *"+$ %,-

+&%6-%X 45 *#.%A %,- ."-#%01- I+"H +5/( %#H-6 +** *"+$ %,06 2"-10+&6/( -6%#7J

/06,-8 2#.%X B+A %,- '"+&2A 7( $-#56 +* # .+56-56&6 T+" 2#.%T 8-*05-6 %,-

+..&2#%0+5 +* -#., #"%06%0. #"-#A #..+"805' %+ %,- 05%-"-6% #58 6H0// +*

2/#(-"6 #58 0510%-8 '&-6%6X 4% 06 ./-#" %,#% 05 $#5( +* %,- "+/-6A 6&., # 8-.0J

60+5 06 5+% -1-5 5-.-66#"(A 05 %,- 6-56- %,#% %,- 2-"$#5-5.- #58 .+5%0J

5&0%( +* %,- .+//#7+"#%+"6 06 .+$$+5 *"+$ +5- 2"+@-.% %+ #5+%,-"X

Q&% I,#% 06 0% %,#% 80**-"-5%0#%-6 +&" I+"H T#58 %,#% +* +%,-" .+5%-$2+"#"(

Q"#U0/0#5 '"+&26T *"+$ %,- .+//-.%01- ."-#%0+5 +* %,- 60\%0-6 #58 6-1-5%0-6c

4* I- #"- %+ %,05H +* # '-5-"#/ $+8-/ +* %,-0" I+"H TI,0., 06 5+% #/I#(6

#22"+2"0#%- +" "-#/06%0.A 05 %,- 6-56- %,#% %,-"- I-"- 80**-"-5% H0586 +*

.+//-.%01- ."-#%0+56A $#5( I0%, 1-"( 605'&/#" .,#"#.%-"06%0.6T I- H5+I %,#%

%,-"- I#6 # 8-60"- %+ "-@-.% 62-.0#/0U#%0+5 #58 %+ 8+ #I#( I0%,A -1-5 -"#8J

0.#%-A #"%06%0. *&5.%0+56X =6 # "-6&/%A %,06 7"+&',% #7+&% # 7&0/8J&2 +* #%%"07J

&%-6 05 %,- 6#$- &%+20#5 2"+@-.% *"+$ # 2+/(1#/-5% #"%06%X B+ I- ,#8 5+%

+5- 2/#(I"0',%A 7&% # .+//-.%01- 8"#$#%&"'(3 5+% +5- 80"-.%+"A 7&% # .+//-.J%01- 6%#'- 80"-.%0+5N 5+% +5- 6%#'- 8-60'5-"A .+6%&$- 8-60'5-" +" /0',%05'

80"-.%+"A 7&% # .+5.-2% +* 6%#'05'A /0',% #58 .+6%&$-A "-#.,-8 .+5@+05%/( 7(

#// %,- $-$7-"6 +* %,#% '"+&2X

45 %,- .#6- +* %,- .+//#7+"#%01- 2"+.-66A +5 %,- +%,-" ,#58A %,- .+56-"1#J

%0+5 +* %,- #"%06%0. "+/-6 +" *&5.%0+56 7-.+$-6 %,- 62#"H %,#% 0'50%-6 %,-

8(5#$0.6 +* 80#/+'&-A -\.,#5'- #58 ."-#%0+5X 4% 06 -108-5% %,#% 6&., *&5.J

%0+56 #"- 5+% .+5*05-8 %+ %,- "0'08 #58 0510+/#7/- /0$0%6 +* # $+"- .+51-5J

%0+5#/ %,-#%"-X d&0%- %,- .+5%"#"(A %,- ."+66J.+5%#$05#%0+5 #58 .+56%#5%5-'+%0#%0+5 7-%I--5 %,- 80**-"-5% 2#"%6 06 +5- +* %,- 2#"#80'$6 +* %,-

2"+.-66X 45 #//A %,- 2"-6-"1#%0+5 +* *&5.%0+56 +" 62-.0*0. #70/0%0-6 "-$#056X

G`[ =5%>50+ ="#?@+



45 -66-5.- 0% 06 ./-#" %,#% I- #"- #**0/0#%-8 %+ 6+$- +* %,- *&58#$-5%#/ 2"05J

.02#/6 +* .+//-.%01- ."-#%0+5A 7&% I- 2"#.%0.- 0% 05 # 80**-"-5% *+"$X ;,- $#05

80**-"-5.- 06 %+ 7- *+&58 2"-.06-/( 05 %,#% .+56-"1#%0+5 +* #"%06%0. "+/-6 #5805 %,- '&#"#5%-- +* %,-0" -\06%-5.-X V0%,05 %,- .+//#7+"#%01- 2"+.-66A # 2/#(J

I"0',%A # 80"-.%+"A #58 # /0',%05' 80"-.%+" -%.XA I+&/8 -\06%A I,+ I+&/8

6(5%,-60U- %,- 1#"0+&6 6&''-6%0+56 +* %,- '"+&2 *+" # '01-5 #"-#A +**-"05'

0% # 6%"&.%&"-8 .+5.-2%X e+"-+1-"A 05 %,- *#.- +* #5 &56+/1#7/- ,C7%((*A

%,-( I+&/8 7- '01-5 %,- *05#/ I+"8 .+5.-"505' %,#% #62-.% +* %,- I+"H *+"

I,0., %,-( #"- 2"05.02#//( "-62+5607/-X

45 +%,-" I+"86A 6&., # 2"+.-66 I+&/8 '&#"#5%-- %,- -\06%-5.- +* 6+$-+5-

T# 62-.0#/06% +" 05%-"-6%-8 2#"%( 05 # .-"%#05 #62-.% +* %,- ."-#%0+5T I,+

I+&/8 %#H- "-62+56070/0%( *+" %,- .++"805#%0+5 +* %,- 80**-"-5% '"+&2

2"+2+6#/6A I,+ I+&/8 2"+.&"- #5 #"%06%0. 6(5%,-606A I,+ I+&/8 1+0.- ,06

+I5 6%#'- 10-I2+05% +" &58-"6%#5805'A #58 I+&/8 806.#"8 &58-60"#7/-

-/-$-5%6 +" %,+6- .+5608-"-8 5+% +"'#50. %+ %,- .+56%"&.%0+5 +* %,- I+"HX

=% %,- 6#$- %0$-A %,06 I+&/8 5+% #/0-5#%- %,06 605'&/#" ."-#%+" *"+$ %,-

"-6% +* %,- ."-#%0+5X f- I+&/8 #/6+ 2"+108- 6&''-6%0+56 #58 .+5%"07&%0+56

*+" +%,-" #"-#6 #58 #7+1- #// 806.&66 %,- $-#505' +* %,- I+"H #6 # I,+/-X

4% 06 0$2+"%#5% %+ &58-"/05- %,- ]&-6%0+5 +* %,- *05#/ 6(5%,-606X 4* 05 .+//-.J

%01- ."-#%0+5 %,- 0580108&#/ #&%,+"6,02 TI,-5 0% +..&"6T $&6% 7- 6&7@-.%-8

%+ %,- I0// +* %,- '"+&2A I,#% -56&-6 06 # 60%&#%0+5 +* $#\0$&$ %-560+5

7-%I--5 %,- %I+ +22+60%-6X 4%^6 # ]&-6%0+5 %,-"-*+"- +* #5+%,-" $+8- +*

%,+&',% #58 2"#.%0.- +* #&%,+"6,02X

4 /0H- %,- 08-# +* 9$&/%02/- I"0%05':A #6 -5106#'-8 7( Q#"%,-6A 8-*05-8 #6 9#

62#.- +* $&/%02/- 80$-560+56 05 I,0., 801-"6- I"0%05'6 .+5.&" #58

.+5%"#6%A 5+5- +* I,0., 06 %,- +"0'05#/: KQ#"%,-6 GPP[3RGMX 45 %,- .+//#7+J

"#%01- 2"+.-66A 2"-.06-/(A %,- 80**-"-5% #&%,+"6 T+" #&%,+"6,026T #"- 5+%

#88-8 %+'-%,-"A 7&% .+,#70% I0%,05 %,- I+"HX ;,- 80**-"-5% 0580108&#/ I"0%J

05'6 #"- $#05%#05-8 %,-"-A 08-5%0*0#7/-A #58 %,- I,+/- 06 5+% *+"$-8 7( 0%6

6(5%,-606 7&% 7( 0%6 80#/+'&- #58 *"0.%0+53 7( %,- ./#6, +* %I+ 2#"%0.&/#"

#"%06%0. 2+/-6 %,#% #"- @&\%#2+6-8 +" ."+66J.+5%#$05#%- +5- #5+%,-"A 7&% 8+

5+% 8066+/1- +5- 05%+ #5+%,-"X 45 0% I- .#5 #/6+ %,05H +* #5 #&%,+"6,02 %,#%

'01-6 0%6-/* T#/%,+&', 5+% -\./&601-/(T 7( $-.,#506$6 +* #22"+2"0#%0+5X

458--8A 6&., 8(5#$0.6 +* 5-'+%0#%0+5 #"- %,- $#05 .#&6- +* %,- 05."-#6- 05

"-,-#"6#/ %0$-X e&., %0$- 06 051-6%-8 T#58 906 5+% /+6% T 05 -\2-"0$-5%#J

!"#$#%&"'( *"+$ %,- .+//-.%01- '"+&2 GÒ



%0+5 #58 05 %,- 6-#"., *+" 6+/&%0+56 05 I,0., #// "-.+'50U- %,-$6-/1-6X

b"-#%0+5 7-.+$-6 6/+I-" #58 $+"- 8"#I5 +&%A I,0., .#5 7-.+$- #5

-/-$-5% +* I-#" #58 %-#" 05 "-/#%0+56 05 %,- /+5' %-"$X a5 %,- +%,-" ,#58A0% 06 1-"( 80**0.&/% %+ "-#., %,- $#%&"0%( +* # .+//-.%01- 806.+&"6- 05 #5

+"'#50. #58 .+56.0+&6 I#(A I0%,+&% 7-05' +2-5 %+ 7-05' .+5%05&+&6/( +1-"J

,-#"8 7( +%,-"6X

B&., # 2"+.-66 #0$6 #7+1- #// #% *+$-5%05' %,- 2#"%0.02#%0+5 +* -1-"(

$-$7-" +* %,- '"+&2A 5+% +5/( 05 %,- $#%-"0#/ ."-#%0+5 +* %,- I+"HA 7&%

-]&#//( 05 %,- ."0%0.#/ "-*/-.%0+5 +5 #-6%,-%0. +2%0+56 #58 08-+/+'0.#/ 2"-$J

06-6X 4% 06 5+% -5+&', %,#% I- #"- $-"-/( #"%06%J-\-.&%+"6 +" #"%06%J2"+2+J

5-5%6 +* "#I 6%#'- $#%-"0#/X V- #// 5--8 %+ #/6+ %#H- +5 %,- "+/- +* #"%06%J

%,05H-"6 7+%, 05 %-"$6 +* $-%,+8+/+'0.#/ "+&%-6 #6 I-// #6 %,- '-5-"#/

6-56- +* %,- 2-"*+"$#5.-X

;,- -\06%-5.- +* # 6%"+5' 0580108&#/ .+5.-2% ."-#%-6 #5 0$2+"%#5% %-560/-

2+/- 05 # 2"+.-66 $#"H-8 7( 055&$-"#7/- 05%-"1-5%0+56 #58 .+5%"07&%0+56X

;,06 0580108&#/ .+5.-2% #6 I-// #6 *#1+&"05' %,- *0/%"#%0+5 #58 6-/-.%0+5 +*

%,- 1#6% #$+&5% +* $#%-"0#/ 2"+8&.-8A *&5.%0+56 /0H- # &50*(05' #\06 *+" %,-

'"+&2 2"+2+6#/6X 458--8A +5 %,- +5- ,#58 0% #.%6 #6 # 7#""0-"A # /0$0%A #

7+&58#"(A #58 +5 %,- +%,-"A 0% *#.0/0%#%-6 #58 6%0$&/#%-6 -\.,#5'- #58 %,-

-\2#560+5 +* %,- #"-#6 +* .+//#7+"#%0+5X

;,06 0580108&#/ ."-#%01- 2+/- T,+I-1-" 2#"#8+\0.#/ 0% $#( #22-#"T #/6+

-586 &2 05%-560*(05' %,- '"+&2 2+60%0+5X 4% 2"+1+H-6 # 2"+8&.%01- %-560+5A

+" -1-5 #5 #5%#'+506$ %,#% 6%"-5'%,-56 %,- '"+&2 0%6-/* #58 0%6 '-5-"#/

.+5.-2% +* %,- I+"H T #/7-0% #/+5' %,- 2#%, +* ."0606 #58 .+5*/0.%X a5 %,-

+%,-" ,#58A 0580108&#/0%0-6 #/6+ -58 &2 6%"-5'%,-5-8 7( %,06 8(5#$0. +*

.+5*"+5%#%0+5A 80#/+'&- #58 5-'+%0#%0+5 I0%,05 %,- 2"+.-66X

V- .+&/8 -1-5 %,05H +* %,- 9."0606: 5+% #6 # .+56-]&-5.- *+" I,0., %,-

'"+&2 06 5-.-66#"0/( 2"-8-6%05-8A 7&% #5 0$2/0.0% #58 8"0105' $-.,#506$ 05

2"+.-66-6 +* %,06 5#%&"-X 45 +%,-" I+"86A I,-5 %"0''-"-8A 0% .+&/8 7- 6--5

5+% #6 # 62+5%#5-+&6 #58 &58-60"#7/- "-#.%0+5A 7&% #6 # %"#56*+"$05'

#.%0+5A 2"+8&.-8 7( %,- 2"+.-66 0%6-/*X

45 %,- .#6- +* %,- .+//#7+"#%01- 2"+.-66A I,#% ,#22-56 06 # .+5%05&+&6

+6.0//#%0+5 7-%I--5 6&7+"805#%0+56 #58 .++"805#%0+5A %,- *"&0% +* #8(5#$06$ #66+.0#%-8 I0%, *&5.%0+56 #58 %,- $+$-5% 05 I,0., %,- I+"H

*0586 0%6-/*X

G`R =5%>50+ ="#?@+



4% 06 ./-#" %,#% 8-*050%0+56 8+ 5+% .+$- +&% +* 5+I,-"-X ;,-( #"- %,- "-6&/%

+* # .+$2/-\ 5-%I+"H +* 05%-"8-2-58-5.-6 %,#% $#"H %,- -5%0"- 2"+.-66X 4%

06 1-"( .+$$+5A *+" -\#$2/-A %,#% %,-"- #"- .+5%05&+&6 -\.,#5'-6 +* +2050+5 #58 2+60%0+505' 7( 10"%&- +* %,-6- ."-#%01- 6H0"$06,-6X

45 #880%0+5A %,- -\-".06- +* "-62-.%05' +* 6+$-+5- -/6-^6 #"%06%0. 8-*050%0+5

6%-$6 *"+$ # 2"-10+&6 .,+0.- +5 7-,#/* +* %,- -5%0"- '"+&2 05 "-/#%0+5 %+

%,06 9+%,-": I0%, I,+$ #5 #66+.0#%0+5 06 -6%#7/06,-8X ;,- '"+&2 .,++6-6

I0%, I,+$ 0% I06,-6 %+ I+"H #58 06 5+% 60$2/( ,0"-8 %+ 2-"*+"$ # 6,+I

I0%, # 2"-8-*05-8 %-#$X

45 #// +* %,-6- .#6-6 +5- .#5 08-5%0*( %,- -\06%-5.- +* #5 #&%,+"J8-*05-8

#"%06%0. #%%0%&8-A $#"H-8 7( #5 05%"0.#%- '#$- +* 8-2-58-5.-J058-2-58-5.-

%,#% +6.0//#%-6 7-%I--5 /-#805' #58 .++2-"#%05'A 7-%I--5 0$2-"$-#70/0%(

#58 2+"+&65-66X

4* ,+"0U+5%#/0%( +* "+/-6 06 # 7#60. *&5.%0+505' 2"05.02/- +* %,06 6(6%-$ +*

."-#%0+5A #/6+ &58-50#7/- 06 %,- "--1#/&#%0+5 +* %,- #.%+" #6 # ."-#%+" +5 #5

-]&#/ *++%05' I0%, %,- 8"#$#%06% #58 %,- 80"-.%+"X 45 2"#.%0.-A I0%,05 %,-

&56%#7/- -]&0/07"0&$ +* *+".-6 05 %,- "-,-#"6#/ #"-#A %,- 8"#$#%0. I+"H #58%,- 80"-.%+"6 #22-#" %+ 9/+6-: %,-0" +$502+%-5% #58 +$506.0-5% .,#"#.%-"J

06%0.6A /-#105' %,- I#( +2-5 %+ # 6%"+5' 05%-"1-5%0+5 +* #&%,+"6,02 +5 %,-

2#"% +* %,- 05%-"2"-%-"6X

V- #"- 2#"%0.&/#"/( 05%-"-6%-8 05 %,06 80#/-.%0. %-560+5 7-%I--5 %,- 2#"%0.J

&/#" #58 %,- +1-"#// ."-#%0+5 05 I,0., I- #"- #// 6&7$-"'-8X V0%,+&% #7#5J

8+505' %,- 62-.0*0. #"%06%0. #&%+5+$+&6 5#%&"- +* # '01-5 #62-.% +* %,-

."-#%0+5A %,- .+//#7+"#%01- 2"+.-66 8+-6 5+% "-8&.- %,- ."-#%+" %+ # $-"-

62-.0#/06% +" %-.,50.0#5X !-620%- 2"-6-"105' #"%06%0. 0580108&#/0%0-6A ,-

.+5%"07&%-6 %+ # %,+&',% 2"+.-66 #58 2"#.%0.- %,#% 06 .+//-.%01-X

;,- I+"H +* #58 I+"H05' I0%, %,- 8"#$#%06%

V,#% 05%-"-6%6 &6 06 # 8"#$#%06% 2"-6-5% 05 %,- I+"H05'J+&% 2,#6- +*

"-,-#"6#/A 806.&6605' 5+% +5/( %,- 6%"&.%&"#/ *"#$-I+"H +" .,+0.- +* I+"86A

7&% #/6+ %,- 6.-50. %-\%&"- +* %,- $#%-"0#/X 45 %,06 6-56- I- %,05H +* %,-8"#$#%0. I+"H #6 # 6%#'05' 6."02% T5+% +5/( I+"86A 7&% #/6+ 0$#'-6A 7+8(

#.%0+56A 6-]&-5.-6 +* $+1-$-5%A -%.XT '-%%05' ./+6- %+ %,- 2"-.#"0+&6

!"#$#%&"'( *"+$ %,- .+//-.%01- '"+&2 G`g



5#%&"- +* %,- -2,-$-"#/ +* %,-#%"0.#/ /#5'&#'-A 05 620%- +* %,- $#%-"0#/ +"

10"%&#/ 6&22+"% 05 I,0., 0% 06 056."07-8X ;,06 $-#56 7"-#H05' I0%, 0%6 "-.&"J

"05' #&"# +* -%-"50%(A 6+ %,#% 0% -1#2+"#%-6 05 %,- 6I-#% +* %,- 6%#'-A 05 %,-,-"- #58 5+I +* %,- %,-#%"0.#/ 2,-5+$-5+5X 456%-#8 +* # I"0%-" -\0/-8 *"+$

%,- #.%0+5 #58 7+8( +* %,- #.%+"A I- /++H *+" %,- 8"#$#%06% +* "-,-#"6#/A

%,- /0105' #58 2"-6-5% .+$2#50+5 +* %,- 05%-"2"-%-"6 #58 %,- 80"-.%+"X

L0H- #// +%,-" .+//#7+"#%+"6A 0% I0// 7- &2 %+ ,0$ %+ $#H- .+5."-%- 2"+2+6#/6

T1-"7#/A '-6%&"#/ +" 6.-50.T 7&% #/6+ %+ 80#/+'&- I0%, %,- $#%-"0#/ %,#% 06

2"+8&.-8 8#0/( 05 0$2"+106#%0+56 #58 -\-".06-6X ;,- %-\% ,-"- 06 5+% $#%-J

"0#/ # 2"0+"0A 7&% "#%,-" #5 +7@-.% 05 # .+56%#5% */+I +* %"#56*+"$#%0+5X Y+"%,06 "-#6+5 0% 06 .#//-8 8"#$#%&"'( 05 2"+.-66X h&6% #6 #.%+"6 #58 80"-.%+"6

5--8 "-,-#"6#/6 %+ 8-1-/+2 #58 .+56%"&.% %,-0" I+"H6A -]&#//( %,- 8"#$#J

%06% 06 05 5--8 +* %,-$X

B&., # 2-"62-.%01- 2"-6&22+6-6 5+% +5/( .+56%#5% "-I"0%05' +" 80**-"-5%

1-"60+56 #58 %"-#%$-5%6 +* %,- %-\%A 7&% #/6+ # 62#.- *+" 8"#$#%0. 0$2"+1J

06#%0+5X 4% 7-.+$-6 5-.-66#"( %+ 7"-#H I0%, %,- 08-# +* # 9*0\-8 +"

0$$&%#7/- %-\%: %,#% ."(6%#//0U-6 %,- 2"+2+6#/6 8-"01-8 *"+$ "-,-#"6#/6X 4%

06 ./-#" %,#% /#%-" +5 05 %,- 2"+.-66A 6&., # 6(5%,-606 +" .+5."-%0U#%0+5 I0//

%#H- 2/#.- 5#%&"#//(A 7&% %,- 0$2+"%#5% %,05' ,-"- 06 %,- '&#"#5%-- +* #

62#.- *+" 8"#$#%0. 0$2"+106#%0+5X

h&6% /0H- %,- #.%+"6 8+A %,- 8"#$#%06% .#5 2"#.%0.- 6H-%.,-6 +* 6.-5-6A *"#'J

$-5%6 +* %-\%6A 0580108&#/ 6-5%-5.-6A 0$#'-6A -%.XA %,- 605'/- .+$$0%$-5%

7-05' %,- 2+66070/0%( %+ 0$2"+106- #58 051-6%0'#%- *"--/(X =..+"805'/( %,06

$#%-"0#/ 06 #6 */--%05' #58 2"+1060+5#/ #6 %,- 6.-50. -\-".06-6 2"+2+6-8 7(

%,- 2-"*+"$-"6X 4% .+&/8 7- -5%0"-/( "-@-.%-8 +"A #/%-"5#%01-/( 6+$-6&''-6%-8 -/-$-5% $#( 7- &6-8X a710+&6/(A 6&., 8(5#$0.6 8-$#58 # 5-I

H058 +* #22"+#., *"+$ %,- 8"#$#%06% I0%,05 %,- %,-#%"0.#/ *"#$-I+"HX Y+"

-\#$2/-A ,- I0// 5--8 %+ 7- #6 8-%#.,-8 #6 %,- #.%+"6 #58 %,- 80"-.%+"A I,+

I0%,05 %,- .+5*05-6 +* "-,-#"6#/ #"- .#2#7/- +* 2"+2+605' 6.-5-6 %,#% #"-

05.+5606%-5%A *"#'0/-A +* 2++" ]&#/0%(A #58 8-620%- #// +* %,06A *&58#$-5%#/

*+" %,- 8-1-/+2$-5% +* %,- I+"HX

45 %,- 6#$- I#(A I- 5--8 #.%+"6 #58 # 80"-.%+"A I,+ 8+ 5+% 6-- %-\%2"+2+6#/6 +5 # 2"05%-8 I"0%%-5 2#'- #6 # 9*05#/ %-\%: +" # 96%"&.%&"#/ 2/#5:A

7&% 60$2/( #6 %-\%&#/ 0$2"+106#%0+5X

G`W =5%>50+ ="#?@+



4% 06 1-"( .+$$+5A 7-*+"- '+05' +5 6%#'- #58 -\2-"0$-5%05'A %+ ."0%0.0U- +"

2"-@&8'- %,- 6H-%.,-6 +" 1-"7#/ 6%"-#$6 -$#5#%05' *"+$ %,- 8"#$#%06%X 4%

06 *&58#$-5%#/ %,#% %,- 5&./-&6 +* 05%-"2"-%-"6 #58 %,- 80"-.%+"6 "-10-I%,-6- .+5.-2%6 #58 2#"#$-%-"6 6+ %,#% %,-( .#5 +2-5 &2 # 5-I "-/#%0+5J

6,02 I0%, %,- 8"#$#%0. I+"HN %,- 08-# 7-05' %+ 2"#.%0.- #1#0/#70/0%( #58

'-5-"+60%( 05 "-/#%0+5 %+ %,- 2"+2+6#/6 #58 6&''-6%0+56 2&% *+"I#"8A %+

*0',% #'#056% 2"-@&80.- #58 %+ -\2-"0$-5%A 8-*-58 #58 -$7"#.- %,- 08-# #6

0* 0% I-"- +5-^6 +I5X

4* #6 # 80"-.%+" +76-"105' %,- 0$2"+106#%0+5 +* #5 #.%+" 4 #$ .#2#7/- +*

6-/-.%05' 6+$- $050$#/ -/-$-5% +* 05%-"-6%A +" .+51-"6-/(A +* %#H05' 6%+.H

+* %,- .+&"6- +* #.%0+5 5+% %+ 7- %#H-5A 4 .+&/8 "-/#%- %+ # %-\%&#/ -\-".06-

05 #5 -]&#//( +2-5 $#55-"X Y+" -\#$2/- %+ .+5*"+5% # %-\% +" 6."02%

2"+2+6#/A 5+% #6 8-*050%01-A 7&% "#%,-" #6 # 6+&".- +* 6&''-6%0+56A +* ./&-6

*+" 2+6607/- 2#%,6A +" +5 %,- .+5%"#"(A +* "+#86 %,#% #"- /-#805' 5+I,-"-X

45 #880%0+5A *#.05' &2 %+ %,- 05,-"-5% 80**0.&/%0-6 +* # 6."02% 6,+&/8 5+%

$-"-/( $-#5 0%6 "-@-.%0+5 +" 8-2"-.0#%0+5X = 8"#$#%0. *"#'$-5%A I,0., +5

*0"6% "-#805' $#( 6+&58 ./&$6( +" 7#8/( I"0%%-5A #6 I- .,-I +&" I#(

%,"+&', 0% #58 $#H- 0% +&" +I5 .#5 "-1-#/ 2"-10+&6/( &50$#'05-8 6&"2"06-6+" 2+66070/0%0-6X

;,- .+//#7+"#%01- 2"+.-66A %,-"-*+"-A 5+% +5/( 2"+108-6 *+" # 95-I: 8"#$#J

%06%A I0%, #6 2"-.#"0+&6 #58 2"+1060+5#/ # 6%#%&6 #6 %,- +%,-" 6%#'- ."-#%+"6A

7&% #/6+ # 95-I: #.%+" #58 80"-.%+"A .#2#7/- +* 2-".-0105' %,- %-\% 05 #// 0%6

-2,-$-"#/ *+"$A +* 6--05' %,- 8"#$#%06% #6 #5 #..+$2/0.- +5 # 96%#'- I+"H

&58-" .+56%"&.%0+5:A 7%&, 7%((G I0%, %,- ."-#%0+5 +* %,- 05%-"2"-%-"6 #58

%,- 2-"*+"$#5.-X V+"8A 80#/+'&-A 6%#'- 80"-.%0+5A 0$#'-6 #58 #.%0+5

6."02%6 .#5 7-.+$- -/-$-5%6 %,#% *+$-5% #58 %0',%-5 %,- ."-#%01- 2"+.-66X

4% 06 0$2+"%#5% %+ &58-"6%#58 %,#% %,- 8"#$#%0. I+"HA 0%6 6%#'05' #58 05%-"J

2"-%#%0+5 $#%&"- @+05%/( #58 60$&/%#5-+&6/(A #58 %,#% 0% 06 #"%0*0.0#/ %+

6-2#"#%- %,-6- *0-/86 0580108&#//( #58 I0%,+&% # 80#/+'&- 7-%I--5 %,-$X 4%

06 #/6+ ./-#"/( 0$2+6607/- %+ -5%0"-/( *0506, +5- +* %,-6- #"-#6 %+ 7-'05

#5+%,-"A 05 %,- 6-56- %,#% %,-( *--8 +** +5- #5+%,-" #58 05%-".+55-.% #//

%,- %0$-X

V- .+&/8 -1-5 2+05% %+ 6+$- 2"+7/-$6 05 "-/#%0+5 %+ %,- 8-1-/+2$-5% +*

%,- 8"#$#%0. I+"H 05 %,- .+//#7+"#%01- 2"+.-66X Y+" -\#$2/-A #5 -\.-66 +*

!"#$#%&"'( *"+$ %,- .+//-.%01- '"+&2 G`F



806.&660+5 .#5 7- # %+50. I0%,05 # .+//-.%01- 2"#.%0.- 6&., #6 %,06X Q-608-6A

%,-+"0U05' #58 #"'&$-5%#%01- .+5*"+5%#%0+5 6,+&/8 5+% 7-.+$- # 6&76%0J

%&%- *+" 2"#.%0.#/ #58 .+5."-%- -\2-"0$-5%#%0+5X 4% 06 *&58#$-5%#/ %+

2-"$0% %,- 6%#'-8 "-6&/% %+ 7- %,- 2"05.02#/ $#"H-" +* %,- 80**-"-5% #"%06%0."+&%-6 #58 +2%0+56X f-5.-A +1-" #58 #7+1- 1-"7#/ -\.,#5'- #58 ",-%+"0.

%,- 0$2+"%#5% *#.%+" 06 /06%-505' #58 "-62+5805' %+ I,#% %,- 6%#'- 6-%%05'

.#//6 *+"A %,- *05#/ @&8'- 7-05' %,- 6%#'- 6-%%05' %,#% .+5%-$2/#%-6 #58

/06%-56 %+ 0%6-/*X

4 '01- (+& 5+I @&6% # *-I -\#$2/-6 +* %,- ]&-6%0+56 %,#% I- #"- .+56%#5%/(

.+5*"+5%-8 I0%,3 ,+I %+ -56&"- # 7#/#5.-8 2#"%0.02#%0+5 *"+$ -1-"(+5- #58

#1+08 %,- 8"#$#%06% +" %,- 80"-.%+" 7-.+$05' %,- -20.-5%-" +* %,- 2"+.-66cf+I 5+% %+ 05,070% %,- */+I +* 2"+2+6#/6A #58 6%0$&/#%- -#., #58 -1-"( $#%-J

"0#/ %+ ,#1- # 6#(A I,-%,-" %,-6- #"- ./0.,i6A 6%-"-+%(2-8A 05'-5&+&6 6%#%-J

G[P =5%>50+ ="#?@+

H,+) ; !D*%( X ;-#%"+ 8# <-"%0'-$X D,+%+3 j-/6+5 k#+



$-5%6 +" 05 7#8 %#6%-A I,-%,-" %,- 08-#6 #"- .+5.-2%&#//( "-.H/-66 +" %"#56J

'"-6601-X f+I %+ ."-#%- # U+5- +* .+5*08-5.- #58 .+$2/0.0%( *+" %,- 9-\-".06-

+* "06H:c =58 *&"%,-"$+"-A 0* I- /-#"5 %,#% 0% 06 8-%"0$-5%#/ %+ 0$2"+106-058-*050%-/( ,+I 5+% %+ ."(6%#//0U- 6%#'- *+"$#/0U#%0+56 %++ 6++5X

;,- "-6&/%05' 8"#$#%0. I+"HA $+"- %,#5 # '"+&2 8"#$#%&"'(A $#%-"0#/0U-6

# 8"#$#%&"'( *"+$ I0%,05 %,- '"+&23 2/&"#/A ,-%-"+'-5-+&6 #58 2+/(J

2,+50.X j-1-"%,-/-66 0% 06 # 8"#$#%&"'( +* %,- '"+&2A 05 %,- 6-56- %,#% 0%

80#/+'&-6 I0%, #5 &"7#5 05%-"1-5%0+5A 05 I,0., # 62-.0*0. 6H0"$06, I0%, %,-

2+/0.- #"06-6J ,-5.- 0%6 &58-50#7/( 2+/0%0.#/ +1-"%+5-6X e+"- %,#5 I"0%05'

#7+&% # .0%(A 0% 06 056."07-8 05 %,- #".,0%-.%+50. $#H-J&2 +* %,- .0%(A

2"+8&.05' # H058 +* 6%#'-J.#"%+'"#2,0. %-\%&"- %,#% 7"05'6 %+ /0',% %,-

&58-"/(05' $-$+"( +* %,- .0%(A I,0., +5- I#5%-8 %+ *+"'-% +" -"#6-X

B&., -\2-"0-5.-6 8+ 5+% #0$ #% %&"505' %,- .0%( 05%+ # 62-.%#./-A +" # *-%06,

T 8-620%- %,- *#.% %,#% %,06 8#5'-" 06 /&"H05' #// %,- %0$- #58 %,- *#.% %,#%

I- #"- #I#"- #58 .+56%#5%/( 6%"&''/05' #'#056% 0%X a*%-5 0% 06 5-.-66#"( %+

*#// 05%+ %,- %"#2 05 +"8-" %+ -\%"0.#%- +&"6-/1-6 KI,0., I- .#55+% 8+

&56.#""-8MX ;+ %,- *-%06,J.0%(A %,- 6%#'-J.0%(A %,- *#l#8-J.0%(A I- %"( %+ +**-"

+%,-" '-+'"#2,0.#/ %-"$6 +* "-*-"-5.-A 80**-"-5% %"#@-.%+"0-6A #58 #7+1- #//#5+%,-" ]&#/0%( #58 05%-560%( +* -\2-"0-5.-X 45 +"8-" %+ +5.- #'#05 %#H-

,+/8 +* %,- .0%( 05 +&" ,#586 T #58A I,+ H5+I6A I0%, %,-6- 6#$- ,#586 #58

7+80-6 "-I"0%- 0%X

45 %,06 6-56-A %,- &"7#5 62#.- 06 5+% # *"#$-A 5+" # 6.-5#"0+ #58 .-"%#05/(

5+% # $#"H-%#7/- +7@-.%X a5 %,- .+5%"#"( 0% 7-.+$-6 # *0-/8 +* -\2-"0$-5%A

7"-#H05' +&" 8#( %+ 8#( 8+$-6%0. "-/#%0+56,02 I0%, 0%X a&" '#U- 06 "-J6-560J

%0U-8A +&" *--/05'6 #"- 8-J#5#-6%,-%0U-8 #58 I- -\2-"0$-5% I0%, +%,-"

"-'0$-6 +* #%%-5%0+5 #58 2"-6-5.-X 4% 06 #6 0* I- .+&/8 "-8+ +" "-."-#%- %,-

#/"-#8( .+8-8 /#(+&% +* %,- 6%"--%6 #58 .0%(J]&#"%-"6 T +" -1-5A #..+"805'

%+ %,- 26(.,+'-+'"#2,( +* m&( !-7+"8A -\2-"0$-5% I0%, %,-$ 05 #5+%,-"

I#(X 45 # 5&%6,-//A 0% 06 # 2+-%0. #58 2+/0%0.#/ #.%0+5 %,#% "-6%+"-6 +&" .+580J

%0+5 #6 .0%0U-56A I,0/- +5 %,- +%,-" ,#58 0% #22-#"6 %+ "-6%+"- %,#% 80$-5J

60+5 TI,0., 0% #/I#(6 ,#8T +* %,-#%"- #6 # 2&7/0. #"%X

;"#56/#%-8 7(3 D-5-/+2- n#8-6X

Q07/0+'"#,(3 B-- 2#'-XXX

!"#$#%&"'( *"+$ %,- .+//-.%01- '"+&2 G[E





!"#$%$& ( )* +$,#-.-,-/0#$&12-,/

!345*-,$ 6-00)**

73 )* 2-)&8/ 0) *$+ &9)#2)+ ,/*),2-:$+ )+ 3),)+$#-/ )* +$,#-.-,-/ -30-:-09$*,/&/ #)")*0;$ / "$##-,$0$< 7* $#2)= +$,#-.-,-/ ;32-&/ )3 93 )+8$,-/ 8>"*-,/=)+ 39)+2#$ #)")*0;$< ?#$,-$+ $* +$,#-.-,-/ 8/52-,/ #),98)#$&/+ *$ -0)32-0$0@9) 8)#0)&/+ )3 *$ &$+$,#)< A/&/+ $3-&$*)+ @9) @9)#)&/+ 0),-# BC<D/#@9) $3-&$* 3/ +-43-.-,$ +-&8*)&)32) +)# :-:-)32)< A)# :-:-)32) @9) 8-)#E0) +9+ &-)&"#/+ 8/# )* $-#) F932/ $ /2#$ ).9+-G3 0) &-)&"#/+ #):)32$0/+<

H/3 )* +$,#-.-,-/ @9)#)&/+ 0),-# BC< D/# /2#$ 8$#2)= 4#$,-$+ $ *$ ,/32)&E8*$,-G3 0)* +$,#-.-,-/= )* )+8),2$0/# #),98)#$ *$ +)3+$,-G3 0) ,/32-39-0$00)* BC< A)4>3 I$2$-**) +/&/+ +)#)+ 0-+,/32-39/+ ( J*$ ,/32)&8*$,-G3 0) *$&9)#2)K )3 )* +$,#-.-,-/= 3/+ 0):9)*:) $ *$ )L8)#-)3,-$ 0) *$ ,/32-39-0$0<J6$ :;,2-&$ &9)#)= ( )32/3,)+ */+ $+-+2)32)+ 8$#2-,-8$3 0) 93 )*)&)32/ @9))+$ &9)#2) *)+ #):)*$< 7+2) )*)&)32/ 8/0)&/+ **$&$#*/ */ +$4#$0/< 6/+$4#$0/ )+ F9+2$&)32) *$ ,/32-39-0$0 0)* +)# #):)*$0$ $ @9-)3)+ 8#)+2$3$2)3,-G3= )3 93 #-2/ +/*)&3)= $ *$ &9)#2) 0) 93 +)# 0-+,/32-39/K< M)4#)+$#$ *$ ,/32-39-0$0 0)* +)# )+ #)4#)+$# $* BC< 73 2-)&8/+ 0) J8$N "5*-,$K= $+;

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

89)0)3 &$32)3)#+) )3 )* #)+8)2/ ( )3 *$ *)( @9) /#0)3$3 *$ :-0$ %9&$3$+/,-$*&)32)K< !+; !"#$%$&= +)4>3 U-)#V)4$$#0= )+ 93 2#$3+4#)+/# 0) *$ *)(@9) /#0)3$ *$ :-0$ +/,-$*&)32)< D/# )+/ *$ &9)#2) ( *$ :-/*)3,-$ 8/52-,$+



+-#:)3 8$#$ &)0-# )* 4#$0/ 0) #)8#)+-G3= 0) ,/"$#0;$ ( $0/,)3$&-)32/ 0)93$ +/,-)0$0< W-,) I$2$-**) J6$ &9)#2) P2$&"-53 )3 )* +$,#-.-,-/ 8/52-,/Q

2#$+2/#3$ :-/*)32$&)32) )* /#0)3 *)4$*K< 7+$ )+ *$ #$NG3 8/# *$ ,9$* )* +$,#-E.-,-/ 8/52-,/ 2-)3) @9) :)# ,/3 *$ /"2)3,-G3 0) *$ *-")#2$0<

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

XYY !345*-,$ 6-00)**



8#/%-"-,-G3 0)* ,#-+2-$3-+&/= *$ ,$#3) )+ *$ )L8#)+-G3 0) 93 #)2/#3/ 0) *$*-")#2$0 $&)3$N$32)K< 7* +$,#-.-,-/ )+ 8/# 2$32/ )L,)+/= ")**/ )L,)+/<

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

!*493/+ $#2-+2$+ *)+-/3$3 ( )L8/3)3 :-/*)32$&)32) +9 ,9)#8/ $32) )*8>"*-,/ 8$#$ #),98)#$# 8#),-+$&)32) )+$ -0)32-0$0 ) -30)8)30)3,-$= @9) )+.9)#N$ )+8-#-29$*< H9$32/ &1+ +) $8#/L-&$ )* +$,#-.-,-/ $* 3-%-*-+&/ &1+#-)+4/ +) ,/##) 0) 0)+2#9,,-G3 #)$*< 6$ $8#/L-&$,-G3 +) #)$*-N$ 8/# 0)+,/3E.-$3N$ 0) *$ .-,,-G3< H9$32$ &1+ 0)+,/3.-$3N$ 3/+ 8#/09,) *$ .-,,-G3 &1+

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

")*-4)#$32) ,/32#$ *$ ,/*),2-:-N$,-G3 @9) +) %$,) 0)* 453)#/ .)&)3-3/= 0))+) &/0/ $#2-+2$+ ,/&/ T$#-3$ !"#$&/:-, / ?-3$ D$3)= +$,#-.-,$3 +9

,9)#8/ 8$#$ 0):/*:)# $ *$ +/,-)0$0 @9) *$+ ,/*),2-:-N$ *$ :-/*)3,-$ @9) +))F)#,) ,/32#$ )**$+< T)0-$32) )* +$,#-.-,-/ #),98)#$&/+ 3/ +G*/ *$ -0)32-0$0+-3/ *$ *-")#2$0< 7* +$,#-.-,-/= )3 ,9$*@9-)#$ 0) +9+ )L8#)+-/3)+ 8/52-,$+=

!"#$%$& ( )* +$,#-.-,-/ 0#$&12-,/ XY[



2-)3) @9) :)# ,/3 93$ /"2)3,-G3 0) *-")#2$0 ( ,/3 )* ")3).-,-/ 0) *$*-")#2$0= 8#),-+$&)32) 8/# +)# 2#$3+4#)+-G3< 6$ 2#$3+4#)+-G3 )&8-)N$ )3

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

W)##-0$= ,/3 4#$3 -34)39-0$0= $.-#&$ @9) )3 )* 2)$2#/= !"#$%$&= R+$$, ( )*,/#0)#/= $* .-3$* +) *):$32$3 ( +$*90$3= )+ )* +$,#-.-,-/ 0)* +$,#-.-,-/< D)#/,/3+-0)#$# @9) )* 2)$2#/ )+ )* +$,#-.-,-/ 0)* +$,#-.-,-/ +-&8*)&)32) 8/#@9)3/ %$( ,#-&)3 #)$* / 3/ %$( +$34#) #)$*= )+ 93$ :-+-G3 $+/&"#/+$&)32)+98)#.-,-$*< 7+ ,-)#2/ @9) )* $,/32),-&-)32/ >3-,/ +-)&8#) +) %$,) ,/&8$E2-"*) ,/3 )* #)2/#3/= 8)#/ )+) #)2/#3/ 3/ )L,*9() *$ #)$*-0$0 +$,#-.-,-$*< 73

*$ #)8#)+)32$,-G3 )+,53-,$ %$( +$,#-.-,-/ 8/#@9) %$( 3-%-*-+&/= 8/#@9) %$($349+2-$= 8/#@9) *$ #)8#)+)32$,-G3 )+ */ @9) 8#),)0) $ *$ &9)#2) #)$*=8/#@9) */ 2#14-,/ 3/ )L-+2) -30)8)30-)32)&)32) 0) *$ #)8#)+)32$,-G3 )+,5E3-,$= */ 2#14-,/ )+ +$,#-.-,-/ 8/52-,/ 8/# /8/+-,-G3 $ *$ :-0$= 8/# /8/+-,-G3$* +$*90/ .-3$* 0) !"#$%$&= R+$$, ( )* ,/#0)#/< 7* +$,#-.-,-/ 8/52-,/ 2$&"-53)+ #)$*< Z$* :)N W)##-0$ +G*/ 29:/ ,/32$,2/ ,/3 )* 2)$2#/ 0) 49$#0$##/8;$ (

"9+2/+ 8$#*$32)+ +-3 &1+ #-)+4/ @9) 93 )F)#,-,-/ 0) &)&/#-$< ^9)0$ ,*$#/@9) )3 39)+2#$ #).*)L-G3 +/"#) )* +$,#-.-,-/ 8/52-,/ )+213 )L,*9-0$+ 2/0$+)+$+ &$3-.)+2$,-/3)+ ,%$2$+ ( )+25#-*)+ 0)* $#2) 0#$&12-,/< W-,) T$33/3-=J_3$ &1+,$#$ 0) */"/ 3/ 3/+ $+9+2$ 0) -49$* &/0/ @9) 93 */"/= 8)#/ 3/+$+9+2$ 0) *$ &$3)#$ )3 @9) */ %$,) *$ -&$4)3 0)* */"/ @9) 2)3)&/+ )33/+/2#/+K< 6$ :-0$ )+ )* */"/` )* +$,#-.-,-/= *$ -&$4)3 0)* */"/ @9) 2)3)&/+)3 3/+/2#/+= ( $&"$+ ,/+$+ +/3 #)$*-0$0 ( $&"$+ ,/+$+ 3/+ 8#/09,)38$:/#< 6/ -&8/#2$32) 0)* +$,#-.-,-/ 8/52-,/ 3/ )+ )32/3,)+ *$ +$34#)=$93@9) $ :),)+ +) 0)##$&) ,/&/ )*),,-G3 $#2;+2-,$= +-3/ *$ $349+2-$= J*$-&$4)3 0)* */"/ @9) 2)3)&/+ )3 3/+/2#/+K< T)0-$32) *$ $349+2-$= @9) $32)E,)0) $ *$ &9)#2)= +) 2#$3+4#)0)3 */+ *;&-2)+ 0) *$ ,9*29#$= 0) *$ +/,-)0$0=

0) *$ %-+2/#-$ ( 0) *$ #)*-4-G3a 6$ $349+2-$ 2$&"-53 )+ 93$ ")*-4)#$3,-$ 8/*;E2-,$= 8/#@9) J*$ -&$4)3 0)* */"/ @9) 2)3)&/+ )3 3/+/2#/+K )+ $@9)**/ @9)3/ ,/3.)+$&/+ $ 3$0-)= @9) 3/ @9)#)&/+ )L8*/#$#= @9) 0)+)$&/+ /,9*2$#=

XYb !345*-,$ 6-00)**



( +G*/ %$,)&/+ ):-0)32) $ 2#$:5+ 0)* +$,#-.-,-/< H/3:)#2-&/+ */ 8#-:$0/ )38/*;2-,/ 8$#$ ,/&"$2-# *$ #)8#)+-G3< 7* +$,#-.-,-/ )L8*/#$ *$+ N/3$+ 8#/%-E

"-0$+ 0) *$ &)32)< 6$ $349+2-$= )3 +9 $8#/L-&$,-G3 $ *$ 2#$3+4#)+-G3= 2-)3)+9 ,/##)+8/30)3,-$ )3 *$ :-/*$,-G3 0) */+ *;&-2)+ 0)* ,9)#8/= ,/&/ )3 )*$,,-/3-+&/ :-)35+= / )3 */+ *;&-2)+ 0)* 8)3+$&-)32/= ,/&/ ?)3)2< A-3 *$$349+2-$ +G*/ )L-+2) *$ *)(<

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cdRRR 8/# )* #$,-/3$*-+&/= ,/&/ .9)32)0) ,/3/,-&-)32/K< 6$ #):)*$,-G3 +) 8#/09,) &)0-$32) *$ $349+2-$= ( *$$349+2-$ 3/ 8)#+-49) 93 ")3).-,-/ &$(/#= )+ ")3).-,-/ )3 +;< D/# )+/ )*+$,#-.-,-/ 8/52-,/ )+ !"#$%$& ( 3/ !4$&)3G3< !4$&)3G3 +$,#-.-,$ $ +9%-F$ 8$#$ +$*:$# $ 2/0/ 93 89)"*/= )3 $#$+ 0) 93 ")3).-,-/ &$(/#= )3

.93,-G3 0)* "-)3 4)3)#$*< D/0)&/+ **)4$# $ ,/&8#)30)# +9 $,,-G3< D/+)) 93+)32-0/ %)4)*-$3/< !"#$%$&= )3 ,$&"-/= )+ )* +-3 +)32-0/<

!"#$%$& **):G $ +9 %-F/ R+$$, $* &/32) T/#-$% 8$#$ +$,#-.-,$#*/ 8/# /#0)30-:-3$= +-3 &$(/# /"F)2-:/ @9) $,/&)2)# *$ $,,-G3 )3 +;= ($ @9) )* &$30$2/)#$ 0)+,/3,)#2$32)= +98/3;$ 2#$3+4#)0-# *$+ *)()+ 0) */+ %/&"#)+ ) -3,*9+/*$+ 0)* &-+&/ W-/+ 89)+2/ @9) W-/+ #)890-$ */+ +$,#-.-,-/+ %9&$3/+ ( *$*)( 8#-3,-8$* )+ 3/ &$2$#1+< 6$ 8#9)"$ :$ ,/32#$ 2/0$ *G4-,$ 89)+ 2/0$ *$:-0$ 0) !"#$%$& )+21 &$#,$0$ 8/# *$ 8#/&)+$ 0-:-3$ 0) *$ 0)+,)30)3,-$ (/#-)32$0$ %$,-$ )**$ ,/&/ +9 /"F)2-:/ ( #$NG33 $+; !"#$%$&)&8#)30) )* :-$F) %$,-$ )* &/32) T/#-$% 0-+89)+2/ $ +$,#-.-,$# $ +9 %-F/ )3:-#290 0) 93 &$30$2/ 0)+,/3,)#2$32)< 7* +$,#-.-,-/ 0) !"#$%$& )+ +G*/ 93$8#9)"$ 2)##-"*)< A9 +$,#-.-,-/ 3/ #)0930$ )3 93 "-)3 4)3)#$*= / ")3).-,-/&$(/#= )+ +-&8*)&)32)= ( 2)##-"*)&)32)= 93$ 8#9)"$< 7* +$,#-.-,-/ 8/52-,/=,/&/ )* 0) !"#$%$&= 3/ 2-)3) 93 .-3= )+ 93$ 8#9)"$ 2)##-"*)= $"+9#0$= @9)3/ 2-)3) :$*/# &1+ $**1 0) */ RSHCTDM7SARI67< 7+2/ 0$ *94$# $ 93$ 0) *$+4#$30)+ .#9+2#$,-/3)+ ,/3 *$+ @9) 2-)3) @9) ,/3:-:-# )* $#2)< S/ +$*:$&/+

)* &930/= 3/ $2)30)&/+ $ */+ )3.)#&/+= 3/ 0)+,9"#-&/+ *$ :$,93$ 0) *$&$*$#-$= )* $#2) )+ 93 $+932/ 8#/.930$&)32) -30-:-09$*= $"+9#0/< W)+0)@9) O)4)* $+-)32$ *$+ "$+)+ 0) */ 4)3)#$*= *$+ $,,-/3)+ 8$#2-,9*$#)+ +-3

!"#$%$& ( )* +$,#-.-,-/ 0#$&12-,/ XYe



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

D)#/ 93 134)* $8$#),-G )3 )* >*2-&/ &/&)32/ 8$#$ 0)2)3)# )* +$,#-.-,-/<

6$ -32)#8#)2$,-G3 @9) %$,) U-)#V)4$$#0 0)* &-2/ 0) !"#$%$& )+ *$+-49-)32)= @9) 0)")&/+ )+2$# 0-+89)+2/+ $ &$2$# $@9)**/ @9) &1+ $&$&/+8$#$ @9) 3/+ +)$ 0):9)*2/< JAG*/ @9-)3 ,/3/,-G *$ $349+2-$ #)8/+$< AG*/

@9-)3 0)+,-)30) $ */+ -3.-)#3/+ +$*:$ $ *$ 8)#+/3$ $&$0$= ( +G*/ @9-)3)&89f$ )* ,9,%-**/ ,/3+)#:$#1 $ R+$$,K= 0-,) Ag#)3< W)+2#9-# 8$#$ +$*:$#<D$#$ ,#)$# $* %/&"#) )+ 3),)+$#-/ 0)+2#9-# *$ *)(< D$#$ %$,)# $#2) )+ 8#),-+/0)+2#9-# )* $#2)< 7* $#2) :-:) *$ 8$#$0/F$ 0) !"#$%$&= +G*/ +- )+2$&/+0-+89)+2/+ $ &$2$# $ R+$$, 3/+ +)#1 0):9)*2/= :/*:)&/+ $ *$ :-0$ 4#$,-$+ $*$ 2#$3+4#)+-G3= $3-@9-*$&/+ 8$#$ @9) *$ :-0$ 3/+ +)$ 0):9)*2$= 8$#$ @9) )*%/&"#) 3/+ +)$ 0):9)*2/<

7* $,2/ ,#)$2-:/ )+ -3&/*$,-G3= 8)#/ $* &-+&/ 2-)&8/ +$*:$,-G3= 3/+0):9)*:) *$ ,/32-39-0$0 $ */+ +)#)+ 0-+,/32-39/+< A$,#-.-,$&/+ $@9)**/ @9)&1+ $&$&/+ ( )+$ $,,-G3 )+ /0-/ %$,-$ 3/+/2#/+ &-+&/+< 73 6,7 8$5'9

:$2$42(,42$ 0-,) S-)2N+,%) @9) )* %/&"#) &1+ 0)+8#),-$"*) )+ $@9)* @9)3/ )+ ,$8$N 0) 0)+8#),-$#+) $ +; &-+&/< 7* +$,#-.-,/ 0)") +)# 93$ ./#&$ 0)$92/0)+8#),-/= @9) $* &-+&/ 2-)&8/ )+ $&/# 8/# )* /"F)2/ +$,#-.-,$0/= )+#)393,-$= )32#)4$< 7+ J*$ &1+ $"+/*92$ )L8#)+-G3 0) )32#)4$K= 89)+ +) **):$$ ,$"/ 8/# $&/#< A- 3/ 0)+8#),-$#$ &- :-0$ 3/ 8/0#;$ )32#)4$# $@9)**/ @9)&1+ $&/< 7* 0)+8#),-/ 8/# 93/ &-+&/ 2-)3) @9) :)# ,/3 *$ 4)3)#/+-0$0 0)

*$ $,,-G3< 73 )* +$,#-.-,-/ 8/52-,/ %$( 93$ -3):-2$"-*-0$0 @9) ,*$#$&)32))+21 :-3,9*$0$ $ *$ ,#))3,-$= 8/# 2#$2$#+) 0) 93$ 8#9)"$= ( :-3,9*$0$ $*$&/#< !&/#= @9) 3/ )+ &1+ @9) )* /0-/ 8/# 3/+/2#/+ &-+&/+ 3),)+$#-/

XYh !345*-,$ 6-00)**



8$#$ ,#)$# $ 8$#2-# 0) *$ 0)+2#9,,-G3< U-)#V)4$$#0= ,-2$ $ A$3 69,$+= JA-$*493/ :-)3) $ &; ( 3/ $"/##),) $* 8#/8-/ 8$0#)= $ +9 &$0#)= $ +9 &9F)# (

$ +9+ %-F/+= $ +9+ %)#&$3/+ ( %)#&$3$+= -3,*9+/ +9 8#/8-$ :-0$= 3/ 8/0#1+)# &- 0-+,;89*/K< W)* &-+&/ &/0/ @9) *$ &)*$3,/*;$ ( )* 8)3+$&-)32/ :$393-0/+ )3 )* +$,#-.-,-/= 2$&"-53 :$3 93-0/+ )* $&/# ( )* 8)3+$&-)32/< !@9;%$,) %-3,$8-5 O)-0)44)# ,9$30/ #).*)L-/3$ +/"#) )* +-49-)32) :)#+/ 0)O/*0)#*-3a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

)3,/32#$#+) *$ 52-,$ )3 +9+8)3+/= ,/3 *$ &-+&$ .9)#N$ 0) !"#$%$& / *$&-+&$ .9)#N$ 0) */+ $+)+-3/+< U-)#V)4$$#0 $"#) 0*1+2 3 4*15'+2 ,/3 93$+.#$+)+ @9) +) #).-)#)3 8#/"$"*)&)32) $ +9 8#/8-/ 8$0#)= JB +9 $*&$ 3/$*")#4G &1+ @9) 93 0)+)/a :)# $ !"#$%$&` +G*/ 29:/ 93 8)+$#a 3/ %$")#8/0-0/ +)# 2)+2-4/ 8#)+)3,-$* 0) $@9)* $,/32),-&-)32/K< 7* $,/32),-&-)32/0) 93 $+)+-3$2/ )3 +9+8)3+/<

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

93$ #)32$"-*-0$0 52-,$ -3):-2$"*)< H9$30/ 0)F$&/+ )3 +9+8)3+/ *$ 52-,$=2#$"$F$&/+ ,/3 J93$ ./#&$ &/#$* 0)* &$*K< ?#$,-$+ $ *$ +9+8)3+-G3 0) */52-,/ )* )+8),2$0/# **)4$ $ ,/3,*9+-/3)+ &/#$*)+= +9+8)30)&/+ *$ 52-,$

!"#$%$& ( )* +$,#-.-,-/ 0#$&12-,/ XYi



8$#$ @9) )* )+8),2$0/# *$ $0@9-)#$< A$0)= ,9*&-3$,-G3 0)* $"+9#0/ 0)!"#$%$&= )&8*)$ *$ &-+&$ 2)+-+= )* &$* ,/&/ 93$ 0) *$+ &$3)#$+ 0)

8#/09,-# )* "-)3= $+; */ )L8#)+$ )3 ;(,4".* + '+, ".<+24(."+, #* '$ !"24(# a J7+,#9)*= +-3 090$= 2)3)# @9) 0)+,#-"-# 93 &/32G3 0) -3./#293-/+ $"#9&$30/$ *$ &9F)# 09*,) ( +)3+-"*) @9) &)F/# #)+8)2$ *$ :-#290= ( 8/# /2#$ 8$#2) *$$.*9)3,-$ 0) 8#/+8)#-0$0)+ +/"#) @9-)3)+ $8*$+2$3 / &/#2-.-,$3 $ )+$&9F)#< D)#/ +- 3$,)= 3/ /"+2$32) 93 "-)3 0) )+) ,9$0#/ 0) .$2$*-0$0)+=j+)32-#)&/+ #)&/#0-&-)32/+ 8/# %$")#*$+ /.#),-0/kK< A-49-)30/ $ U-)#V)E4$#0= J+) 8#)2)30) +$,$# 0) *$ 8$#$0/F$ 93 +$")# 0) *$ :-0$K< T9( ,)#,$3$)+21 2$&"-53 *$ -0)$ 0) M/&&)# )3 +9 *-"#/ )' /(,4+ =+2 '$ 5*''*>$ = J7*$#2)l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

,(5'"1*= A,%-**)# 0).-)30) */ -3,/&8#)3+-"*) ,/&/ :;$ 0) ,/3/,-&-)32/<J6/ @9) )+ -3,/&8#)3+-"*) 8$#$ )* )32)30-&-)32/= *$ ,/3.9+-G3= 89)0)

-49$*&)32) +)#:-# ,/&/ #)8#)+)32$,-G3 0) */ +98#$+)3+/#-$* ( 8#/8/#,-/3$$ *$ &)32) 93 -&89*+/ 8$#$ )*):$#+)K< 7* 2)$2#/= )* +$,#-.-,-/ 8/52-,/= 8/#2$32/= 2-)3) @9) :)# ,/3 */ -3,/&8#)3+-"*)= 3/ ,/3 */ ,/&8#)3+-"*)= ( )+/

X[m !345*-,$ 6-00)**



3/+ ,/309,) $ *$ )+)3,-$ 0)* +$,#-.-,-/ 8/52-,/= )* TRAZ7MRC< A$")&/+ @9)2)3)&/+ @9) -# &1+ $**1 0) */ @9) 89)0) ,/&8#)30)#+)= 2)3)&/+ @9) **)4$#

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

+$&)32) *$ /"#$<

!+; @9)= ,/&/ !"#$%$&= */+ )3,$#4$0/+ 0)* +$,#-.-,-/ 3/ 8/0)&/+%$,)#3/+ ,/&8#)30)#= $+; */ )L8#)+$ U-)#V)4$$#0= JB *$ $349+2-$ ( )* 0/*/#0) *$ 8$#$0/F$ #)+-0)3 )3 @9) !"#$%$& 3/ 89)0) %$,)#+) ,/&8#)30)# 8/#3-3493$ 8)#+/3$ Pl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

#-)+4/ @9) *) %$,) )+2$# 2$3 ,)#,$ 0) */+ *)8#/+/+ ( */+ ,#-&-3$*)+= F932/ $*/+ @9) ,/&8$#2-G ,/3.-3$&-)32/ 09#$32) +-4*/+< 7+ 0),-#= )* */,/= )+ 932#$3+4#)+/#< U= 2$&"-53 %$"*$ 0) *$ */,9#$ 0) !"#$%$&= 0-,)= JW)+0) )*

!"#$%$& ( )* +$,#-.-,-/ 0#$&12-,/ X[n



8932/ 0) :-+2$ %9&$3/ P!"#$%$&Q )+21 */,/= ( 3/ ,/3+)49-#1 @9) 3$0-) *),/&8#)30$K< A$")&/+ */ $4#$0$"*) @9) #)+9*2$ +)# ,/&8#)30-0/ 0)+0) *$

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oS= ( )+/ )+ */ @9) :)#0$E0)#$&)32) 3/+ $2)##$= */ @9) 3/+ %$,) -49$*)+= */ @9) 3/ 3/+ $2#):)&/+ $

#):)*$# $ 3$0-)<

Z$* :)N %$($ @9) 2)#&-3$# ,/3 )+2$ #).*)L-G3 0) W)##-0$= *$ 8$#$0/F$ 0)*+$,#-.-,-/ )+,53-,/ ,/3+-+2) )3 J0)F$# *94$# $ */ 3/ 2)$2#$* )3 )* ,/#$NG3 0)*2)$2#/K<

X[X !345*-,$ 6-00)**



!"#$%$& $() )#$&$*+,-$,#+.+,/

!(012+,$ 3+))/22

!* $ *+&/ 4. ,422/,*+5/ )/$*% +()+5+)6$2 -$,#+.+,/ +- (/,/--$#7 $- $ #/542* 4#

"$##+,$)/8 !#*9 +(*+&$*/ -$,#+.+,/ +( $ :6"2+, -:$,/9 +- 46# #/542*8 ;%$(<- *4

:4/*+, -$,#+.+,/ =/ #/,45/# *%/ +)/(*+*7 =/ 24-* +( *%/ &$--$,#/8 >/ $#/ $(+?

&$2- =%4 =$(* *4 -$7 @AB8 C/,$6-/ $(+&$2 )4/- (4* -+&:27 &/$( 2+5+(0

"/+(08 ! 2+5+(0 "/+(0 *%$* 24-/- +*- &/&"/#- +( *%/ $+# $24(0 =+*% $(4*%/#

/D:24-+4( 4. /D%$6-*/) &/&"/#-8 C7 -$,#+.+,/ =/ =$(* *4 -$7 @AB8 E( *%/

4*%/# %$()9 *%$(<- *4 *%/ ,4(*/&:2$*+4( 4. -$,#+.+,/9 *%/ -:/,*$*4# #/,45?/#- *%/ -/(-$*+4( 4. *%/ ,4(*+(6+*7 4. @AB8 !,,4#)+(0 *4 C$*$+22/ =/ $#/ )+-?

,4(*+(646- "/+(0- $() @*%/ ,4(*/&:2$*+4( 4. )/$*%B +( -$,#+.+,/ "#+(0- 6-

"$,< *4 *%/ /D:/#+/(,/ 4. ,4(*+(6+*78 @;%/ 5+,*+& )+/-9 $() *%/( *%4-/ :#/-?

/(* "/,4&/ :$#*+,+:$(*- +( $( /2/&/(*9 =%+,% *%$* )/$*% #/5/$2- *4 *%/&8

;%+- /2/&/(* =/ ,$( #/./# *4 $- *%/ -$,#/)8 ;%/ -$,#/) +- :#/,+-/27 *%/ ,4(?

*+(6+*7 4. *%$* "/+(09 #/5/$2/) *4 *%4-/ =%4 $#/ :$7+(0 $**/(*+4(9 +( $

-42/&( #+*/9 *4 *%/ )/$*% 4. $ )+-,4(*+(6/) "/+(0B8 ;4 #/*6#( *4 *%/ ,4(*+?

(6+*7 4. *%/ "/+(0 +- *4 #/*6#( *4 *%/ @AB8 A( *+&/- 4. @=$#2+</ :/$,/B9 $-

)/-,#+"/) "7 F/+)/00/# G"/,$6-/ $,,4#)+(0 *4 F/+)/00/# =$# /#6:*- +(

4#)/# *4 06$#$(*// :/$,/H9 +( *+&/- 4. @=$#2+</ :/$,/B =%/#/ )/$*% +- $

(6&"/#9 $ &$-- 4. $&:6*$*/) &/&"/#-9 =/ #/-+-* =+*% *%/ AIJK9 =+*% *%/

-42+*$#79 =+*% 46# *4*$227 +()+5+)6$2 )/-+#/ *4 <+22 *%/ 4(/ =/ &4-* 245/9 46#

4(27 -4(9 A-$$,9 46# "4)79 46# *%460%*L *%$* +-9 =/ -/* 6: $ #/-+-*$(,/ =+*%

$#*9 =+*% *%/ AMNEJOPKFKMQAC3K9 =/ $#/ !"#$%$&9 *%/ +()+5+)6$29 =%4

*#$(-0#/--/- *%/ 0/(/#$2 2$=- 4. &$(<+()8 !,,4#)+(0 *4 C$*$+22/9 +( -$,#+?

.+,/ )/$*% $() 5+42/(,/ $#/ $ )/2+#+6& $() @,$((4* "/ &$+(*$+(/) +( *%/

#/-:/,* $() 2$= *%$* )/.+(/- %6&$( 2+./ +( $ -4,+$2 :$**/#(B8 ;%6- !"#$?%$&9 $,,4#)+(0 *4 R+/#</0$$#)9 +- $ *#$(-0#/--4# 4. *%/ 2$= *%$* -4,+$227

:#45+)/- 4#)/# *4 %6&$( 2+./8 S4# *%+- #/$-4( :4/*+, )/$*% $() 5+42/(,/



-/#5/ *4 &/$-6#/ *%/ )/0#// 4. #/:#/--+4(9 ,4=$#)+,/ $() *%/ %6&)#6&

($*6#/ 4. $ -4,+/*78 C$*$+22/ -$7- @)/$*% G$2-4 +( :4/*+, -$,#+.+,/H 5+42/(*27

6:-/*- 2/0$2 4#)/#B8 ;%+- +- *%/ #/$-4( =%7 :4/*+, -$,#+.+,/ +- 2+(</) *4 *%/$,%+/5/&/(* 4. .#//)4&8

O4/*+, -$,#+.+,/ (4* 4(27 /D*#$,*- 6- .#4& *%/ &$--$,#/ "6* $2-4 .#//- 6-

.#4& *%/ ,422/,*+5+-$*+4( 4. ,4()6,* $() "/%$5+46#9 &$--+.+,$*+4(9 6(+.4#?

&+*79 024"$2+-&9 $22 ,4(,/:*- -4 ,24-/27 2+(</) *4 #/:#/--+4(9 ,4=$#)+,/ $()

*%/ &4(4*4(7 4. 46# 4#)/#27 -4,+/*+/-8 J$--+.+,$*+4( %$- +*- :$*%4240+,$2

,4##/-:4()/(,/ +( &$--$,#/8 ;%/ &+-6-/ 4. &$(T- )4&+($*+4( 4. *%/ =4#2)

%$- +*- ,4##/-:4()/(,/ +( &$--$,#/8 ;%/ :4=/# 4. :4/*+, -$,#+.+,/ #/-+)/-

+( 4::4-+(0 *%/ ,422/,*+5/9 +( 4::4-+(0 0/(/#$2 4:+(+4(9 +( 4::4-+(0

F/0/2+$( *%460%*9 +( -6::4#* 4. *%/ Q*$*/8 Q$,#+.+,/ 2/$5/- /*%+,- +(

-6-:/(-/8 Q$,#+.+,/ =+*% +*- +()+5+)6$2 :4/*+, 5+42/(,/ #/)//&- #/$2 ,422/,?

*+5/ 5+42/(,/9 *%/ 5+42/(,/ 4. *%/ Q*$*/8 S6#*%/#&4#/ "7 &/$(- 4. +*- /D*/?

#+4#9 -$,#+.+,/ #/5/$2- -:+#+*6$2 5+42/(,/8 S4# C$*$+22/9 *%#460% -$,#+.+,/9 *%/

"4)7 #+-/- $"45/ $($*4&7 *4 #/5/$2 $ *#$(-,/()/(* +(*/#($2 5+42/(,/9

@=%+,% *%/ /D*/#($2 5+42/(,/ 4. -$,#+.+,/ #/5/$2- *4 "/ *%/ +(*/#($2 5+42/(,/

4. *%/ "/+(0B9 +( 4*%/# =4#)-9 -$,#+.+,/ #/5/$2- *4 6- $ -:+#+*6$2 5+42/(,/

=%+,% +- *%/ :#/26)/ *4 *#$(-,/()/(*$2 *%460%* $() <(4=2/)0/8 ;%/)$&$0/) $() "#6+-/) .2/-% #/5/$2- *4 6- /5+)/(,/ 4. *%/ -:+#+*8 ;%/ -/$#,%

.4# +)/(*+*7 *%#460% *%/ "4)7 +- :6#/ -:+#+*6$2 .4#,/8 !() C$*$+22/ 04/- 4(

*4 -$79 @>%$* *%/ /D*/#+4# 5+42/(,/ 4. -$,#+.+,/ #/5/$2/) =$- *%/ +(*/#($2

5+42/(,/ 4. *%/ "/+(09 $- +* =$- )+-,/#(/) +( *%/ 2+0%* 4. *%/ "244)-%/) $()

*%/ /&/#0/(,/ 4. 4#0$(-8 ;%4-/ "244)-9 *%4-/ 4#0$(- -4 .622 4. 2+./9 =/#/

(4* =%$* $($*4&7 -//- +( *%/&B8 ;%#460% -$,#+.+,/9 4(/ #/$,%/- -:+#+*6$2

,4(,26-+4(- 6($**$+($"2/ +( ,$2,62$*/) 2+./9 )/-*+(/) *4 :#4*/,* ,4#:4#$2

+(*/0#+*78 Q$,#+.+,/ +&:2+/- &$D+&6& ,4#:4#$2 562(/#$"+2+*79 =%+,% +-

&$D+&6& -:+#+*6$2 562(/#$"+2+*78 A* +- )/./(,/2/--(/--8 S2/-% "/,4&/-

5+42/(,/9 $- $ #/-62* 4. #/:#4)6,*+4(9 )/$*% $() -/D8 !() -$,#+.+,/ +- "4*%

$( 4../#+(0 $() *#$(-0#/--+4( "/,$6-/ +* )/"+2+*$*/- *%/ .4#,/ =%+,% 2$=

$::2+/- *4 #/:#4)6,*+4(9 )/$*% $() -/D8 !,,4#)+(0 *4 C$*$+22/9 =%$* -$,#+?

.+,/ #/5/$2- +- .2/-%9 .2/-% =%+,% 2/$5/- *%/ 2$= +( -6-:/(-/9 .2/-% *%$* .#//-

+*-/2. .#4& 2$= *4 :#4"/ +(*4 *%/ %6&$( ,4()+*+4(8 A(%/#/(* +( .2/-%9 $- $

2+"/#$*+(0 +(-*#6&/(*9 $#/ #+-< $() :#454,$*+4(9 *%/ "$##+,$)/8 !()

(4=%/#/ /2-/ +- .2/-% -$,#+.+,/) &4#/ *%$( 4( -*$0/8 C$*$+22/ -$7- @S2/-% +-

*%$* /D,/-- +( 6- *%$* 4::4-/- *%/ 2$= 4. )/,/(,79 .2/-% +- *%/ "4#( /(/&7*4 *%4-/ *4#&/(*/) "7 *%/ :#4%+"+*+4( 4. N%#+-*+$(+*7L .2/-% +- *%/ /D:#/-?

-+4( 4. $ #/*6#( 4. *%#/$*/(+(0 .#//)4&8B Q$,#+.+,/ +- *%6- $( /D,/--9 $

UVW !(012+,$ 3+))/22



"/$6*+.62 /D,/--8 ! 2+"/#$*+(0 /D,/--9 /D,/-- *%$* /D:4-/- *%/ #/:#/--+4(-

4. $ -4,+/*78 X/##+)$ $2-4 2+(<- -$,#+.+,/ *4 *#$(-0#/--+4( $() #/:#/--+4(8 !-

-$,#+.+,/ +- $ *#$(-0#/--+4( 4. *%/ 2$= *%$* 4(/ -%$22 (4* <+229 +* %$- *4 )/$2=+*% @=%$* +- /D,26)/)9 &$#0+($29 ,/(-6#/)9 #/:#/--/) $() )+-:2$,/)B .#4&

!"#!$#"%&' #)*&+ X/##+)$ -$7- *%$* :4/*+, -$,#+.+,/ @A- $( $"(4#&$2 &4&/(*

*%$* /D:4-/- 2$= $- #/:#/--+4(B8 A( *%+- =$7 -$,#+.+,/ +- 2+"/#$*+4(8 A( *+&/-

=%/( )/,/(,7 +- $ ,4&&$() $() ,4##/,*+4( $ :/#-/,6*+4(9 *%/ )/-+#/ .4#

+()/,/(,79 +(,4##/,*(/--9 +&&4#$2+*7 /5/(9 ,+5+2 )+-4"/)+/(,/ $() :4/*+,

5+42/(,/ +- *%/ :$*% *4=$#)- +(,#/$-/) -:+#+*6$2 /&$(,+:$*+4( /&/#0+(0 $-

*%/ 4(27 =$7 *4=$#)- +()/:/()/(,/8

Q4&/ $#*+-*- +(Y6#/ $() 5+42/(*27 /D:4-/ *%/+# "4)+/- "/.4#/ *%/+# :6"2+,

:#/,+-/27 +( 4#)/# *4 #/,45/# *%$* 5/#7 +)/(*+*7 $() +()/:/()/(,/9 =%+,% +-

-:+#+*6$2 .4#,/8 ;%/ ,24-/# -$,#+.+,/ 0/*- *4 (+%+2+-& *%/ 0#/$*/# *%/ #+-< 4.

#/$2 )/-*#6,*+4(8 ;%+- $::#4D+&$*+4( $#+-/- .#4& &+-*#6-* +( .+,*+4(8 ;%/

0#/$*/# *%/ &+-*#6-* *%$* .+,*+4( :#4)6,/- +( 6-9 *%/ ,24-/# :4/*+, -$,#+.+,/

0/*- *4 )/-*#6,*+5/ (+%+2+-&8 N4(*#+"6*+(0 :/#-4($2 -4##4=9 ,4(*#+"6*+(0

*%/ @AB -4 +(-62*/) "7 *%/ =4#2) 4. *%/$*#/9 %$- -4 &6,% *4 )4 =+*% *%/

&+-*#6-* 4. .+,*+4( $() *%/ &+-*#6-* 4. #/$2+*7 +*-/2.L =/ (//) *4 #/$..+#&

*#6*% $- 4::4-/) *4 6(*#6*%9 =/ .//2 *%$* /5/#7*%+(0 +- .$2-/9 *%/ +(-6..+?,+/(,7 4. .+,*+4( $() *%/ &$(+:62$*+4( 4. #/$2+*7 &$</- 6- #/-4#* *4

:/#-4($2 .//2+(0- $- *%/ 4(27 ,/#*$+(*79 $- *%/ &4-* $)/Z6$*/ =$7 *4=$#)-

$,%+/5+(0 $( +(-*$(* 4. *#6*%9 $( +(-*$(* 4. -+(,/#+*78 >/ :/#,/+5/ *%$* +(

.+,*+4( $() #/$2+*7 2$(06$0/ (/5/# &/$-6#/- 6: *4 *%/ 2/5/2 4. #/$2 -6../#+(0

$() .4# *%$* #/$-4( =/ 6-/ 46# .//2+(0-9 *%$* =%+,% =/ $#/ -6#/ 4.8 [-+(0

4(/T- 4=( /&4*+4(-9 4(/T- 4=( -4##4=9 +- (4* $"46* ($#,+--+-& "6* $( $,*

4. /D*#/&/ 0/(/#4-+*7 $() #/(6(,+$*+4(9 #/(46(,+(0 *%/ :#4*/,*+4( 4.

&$-<-9 -%4=+(0 4(/T- -4##4= *4 4*%/#- &$<+(0 4(/ &4#/ 562(/#$"2/ *4

4*%/#-9 "/$#+(0 4(/T- "$#/ ,%/-* *4 *%/ <(+5/-8 A* +- (4* 6(,4&&4( +( *%/

,$-/ 4. ./&$2/ ,#/$*4#-9 .4# -/2.?%$#& *4 *$</ $ "/22+0/#/(* -*$(,/ $0$+(-*

*%/ ,422/,*+5+-$*+4( 4. *%/ ./&$2/ 0/(#/8 A( *%+- =$7 $#*+-*- -6,% $- J$#+($

!"#$&45+, 4# \+($ O$(/ -$,#+.+,/ *%/+# "4)+/- *4 0+5/ "$,< *4 *%$* -4,+/*7

*%$* ,422/,*+5+-/- *%/& *%/ 5+42/(,/ /D/#,+-/) $0$+(-* *%/&8 ;%#460% -$,#+?

.+,/ =/ #/0$+( (4* 4(27 $( +)/(*+*79 "6* .#//)4& $2-48 Q$,#+.+,/9 +( $(7 4. +*-

:4/*+, /D:#/--+4(-9 +- $"46* 4"*$+(+(0 .#//)4& $() *%/ "/(/.+*- 4.

.#//)4&9 :#/,+-/27 "/,$6-/ +* +- *#$(-0#/--+4(8 ;#$(-0#/--+4( "/0+(- =+*%

!"#$%$& $() +( *%/ &4)/#( =4#2) /()- =+*% Q$)/8 Q$,#+.+,/ -*$"- 6- .#4&!"#$%$& *4 Q$)/8 O4/*+, -$,#+.+,/ *%6- "/,4&/- $ "#/$< =+*% -4,+$2

%7:4,#+-79 -4,+$2 :$,* $() *%/ 0/(/#$28 Q6))/(27 *%/ :$#*+,62$# *#+6&:%-

!"#$%$& $() )#$&$*+, -$,#+.+,/ UVV



45/# *%/ 0/(/#$29 *%/ AMNEJOPKFKMQAC3K 45/# *%/ NEJOPKFKMQAC3K8 ;%/

XASSAN[3; 45/# *%/ S!NA3K8 !#* +- *%/ -*#6002/ 4. *%/ :$#*+,62$# $0$+(-* *%/

0/(/#$28 Q$,#+.+,/ ,4(*$+(- $(4*%/# :$#$)4D] =/ ,#/$*/ .#4& )/-*#6,*+4(9 "7)/-*#47+(0 =/ $#/ &$<+(0L =/ $#/ *%/ "6+2)/#- 4. )/"#+-9 *%/ "6+2)/#- 4.

#6+(-8 A* +- (4* *%/ )/-/#* *%$* 0#4=- 6:9 -*/#+2/9 "6* *%/ :4=/#.62 ,#/$*+5/

.4#,/ 4. )/-*#6,*+4(8 ;#$(-0#/--+4( +- *#$(-.4#&$*+4(8

>+*% 0#/$* +(0/(6+*79 X/##+)$ $..+#&- *%$* +( *%/ *%/$*#/ !"#$%$&9 A-$$,

$() *%/ #$&9 .+($227 $#+-/ $() -$26*/9 +* +- *%/ -$,#+.+,/ 4. -$,#+.+,/8 C6* *4

,4(-+)/# *%$* *%/$*#/ +- *%/ -$,#+.+,/ 4. -$,#+.+,/ -+&:27 "/,$6-/ *%/#/ +- (4

#/$2 ,#+&/ 4# (4 #/$2 "244) +- $( $&$^+(027 -6:/#.+,+$2 :4+(* 4. 5+/=8 A* +-

*#6/ *%$* *%/ 6(+Z6/ +(,+)/(* +- $2=$7- ,4&:$*+"2/ =+*% *%/ #/*6#(9 "6* *%+-

#/*6#( )4/- (4* /D,26)/ *%/ -$,#+.+,+$2 #/$2+*78 A( *%/ -*$0/ #/:#/-/(*$*+4(

*%/#/ +- -$,#+.+,/9 "/,$6-/ *%/#/ +- (+%+2+-&9 "/,$6-/ *%/#/ +- $(06+-%9

"/,$6-/ *%/ #/:#/-/(*$*+4( +- =%$* :#/,/)/- #/$2 )/$*%9 "/,$6-/ *%/ *#$0+,

)4/- (4* /D+-* +()/:/()/(*27 .#4& *%/ -*$0/ #/:#/-/(*$*+4(9 *%/ *#$0+, +-

:4/*+, -$,#+.+,/ +( 4::4-+*+4( *4 2+./9 +( 4::4-+*+4( *4 *%/ .+($2 -$26*/ 4.

!"#$%$&9 A-$$, $() *%/ #$&8 ;%/ :4/*+, -$,#+.+,/ +- $2-4 #/$28 O/#%$:-

X/##+)$ 4(27 %$) ,4(*$,* =+*% *%/ *%/$*#/ 4. &$</?"/2+/5/ $() *$2<+(0

%/$)- =+*% (4 .6#*%/# #+-< *%$( $ &/&4#7 /D/#,+-/8 3/* +* "/ ,2/$# *%$* +(*%+- #/.2/,*+4( 4( :4/*+, -$,#+.+,/ $22 -6,% =#/*,%/) $() -*/#+2/ &$(+./-*$?

*+4(- 4. )#$&$*+, $#* $#/ /D,26)/)8 J$((4(+ -$7-9 @! =42.T- &$-< )4/- (4*

-*$#*2/ 6- +( *%/ -$&/ =$7 $- $ =42.9 "6* +* -*$#*2/- 6- +( *%/ =$7 +( =%+,%

*%/ +&$0/ 4. *%/ =42. =+*%+( 6- )4/-8B 3+./ +- *%/ =42.L -$,#+.+,/9 *%/ +&$0/

4. *%/ =42. +(-+)/ +( 6-9 $() "4*% $#/ #/$2+*7 $() "4*% */##+.7 6-8 ;%/ +&:4#?

*$(,/ 4. :4/*+, -$,#+.+,/ *%/( +- (4* *%/ "244)9 $2*%460% $* *+&/- *%+- ,$(

"/ -%/) "7 $#*+-*+, ,%4+,/9 "6* $(06+-%9 @*%/ +&$0/ 4. *%/ =42. *%$* #/-+)/-

=+*%+( 6-B8 ;%#460% $(06+-%9 =%+,% :#/,/)/- )/$*%9 *%/ 2+&+*- 4. ,62*6#/9

4. -4,+/*79 4. %+-*4#7 $() #/2+0+4( $#/ *#$(-0#/--/)8 !(06+-% +- $2-4 $ :42+*?

+,$2 "/22+0/#/(,/9 "/,$6-/ @*%/ +&$0/ 4. *%/ =42. =+*%+( 6-B +- *%$* =%+,%

=/ ,4(./-- *4 (4?4(/9 =%+,% =/ )4 (4* =+-% *4 /D:24#/9 =%+,% =/ =+-% *4

%+)/ $() 4(27 &$</ /5+)/(* *%#460% -$,#+.+,/8 >/ ,4(5/#* *%/ :#+5$*/ +(*4

:6"2+, *4 ,4&"$* #/:#/--+4(8 Q$,#+.+,/ /D:24#/- *%/ .4#"+))/( $#/$- 4. *%/

&+()8 !(06+-% +( +*- $::#4D+&$*+4( *4 *#$(-0#/--+4(9 +- &+##4#/) +( *%/

5+42$*+4( 4. *%/ 2+&+*- 4. *%/ "4)79 $- +( _+/((/-/ $,*+4(+-&9 4# +( *%/ 2+&+*-

4. *%460%*9 2+</ \/(/*8 >+*%46* $(06+-% 4(27 2$= /D+-*-8

;%6-9 *%/ +&:4#*$(,/ 4. :4/*+, -$,#+.+,/ 2+/- (4* +( "244)-%/)9 "6* +(

$(06+-%8 ;%$(<- *4 $#* =/ #/2$*/ *4 *%/ =4#2) *%#460% 6(/$-/ $() #/-*?

UV` !(012+,$ 3+))/22



2/--(/--8 O4/*+, -$,#+.+,/ +- $"46* "/+(0 $2/#* @*4 *%/ *#/&4#- 4. *%/ +)/$B8

>/ $,* *#/&"2+(0 =+*% -%4,<8 Q4 *%/ 2+(< "/*=//( &/2$(,%427 $() *%460%*

*$</- :2$,/ 4( $ -*$0/8 !- P40/# C$#*#$ -$7- +( ,-& .$&# /* 012&#3 9 @&/2$(?,%4279 -7&"42 4. )+-/Z6+2+"#+6& $() )/$*%9 *$</- #44* +( *%/ %/$#* 4. K6#4?

:/$( ,62*6#/ 4#+/(*/) -+(,/ *%/ /+0%*//(*% ,/(*6#7 *4=$#)- #$*+4($2+-&9 $-

$ -46#,/ 4. <(4=2/)0/8B P/5/2$*+4( +- :#4)6,/) 46* 4. $(06+-%9 $()

$(06+-% )4/- (4* :6#-6/ $ 0#/$*/# "/(/.+*9 +* +- "/(/.+*8 ;%6- :4/*+, -$,#+?

.+,/ +- !"#$%$& $() (4* !0$&/&(4(8 !0$&/&(4( -$,#+.+,/- %/# )$60%*/#

*4 -$5/ $ =%42/ 5+22$0/9 +( %4(46# 4. $ 0#/$*/# "/(/.+*9 +( *%/ +(*/#/-*- 4.

*%/ 0#/$*/# 044)8 >/ ,$( 6()/#-*$() %/# $,*+4(8 A* %$- $ F/0/2+$( -/(-/8

;%$* 4. !"#$%$&9 4( *%/ 4*%/# %$()9 +- -/(-/2/--8

!"#$%$& *44< %+- -4( A-$$, *4 J46(* J4#+$% *4 -$,#+.+,/ %+& +( .62.+2&/(*

4. $ )+5+(/ 4#)/#9 =+*%46* $(7 4*%/# 4"Y/,*+5/ *%$( ,4&&+**+(0 *%/ $,*

+*-/2.8 \+5/( *%$* *%/ ,4&&$() =$- )+-,4(,/#*+(09 +* &/$(* *#$(-0#/--+(0

*%/ 2$=- 4. &$(<+() $() /5/( *%4-/ 4. \4) %+&-/2.9 $- \4) #/:6)+$*/-

%6&$( -$,#+.+,/ $() *%/ 0#/$*/-* ,4&&$()&/(*] *%46 -%$22 (4* <+228 ;%/

*/-* )/.+/) $22 240+,9 $- !"#$%$&T- =%42/ 2+./ =$- &$#</) "7 *%/ )+5+(/

:#4&+-/ 4. )/-,/()$(*- $() )+#/,*/) *4=$#)- *%+- $- %+- &$+( 4"Y/,*+5/

$() #/$-4(8 !() 7/* !"#$%$& 6()/#*$</- *%/ Y46#(/7 *4 J46(* J4#+$%9:#/:$#/) *4 -$,#+.+,/ %+- -4( "7 5+#*6/ 4. $ "/=+2)/#+(0 ,4&&$()8 ;%/

-$,#+.+,/ 4. !"#$%$& +- &/#/27 $ */##+"2/ */-*8 F+- -$,#+.+,/ )4/- (4* #/-62*

+( $(7 0/(/#$2 044) 4# "/(/.+*L +* +- -+&:279 $() */##+"279 $ */-*8 O4/*+, -$,#+?

.+,/9 -6,% $- *%$* 4. !"#$%$&9 %$- (4 :6#:4-/9 +* +- $ */##+"2/ $() $"-6#)

*/-* $() %$- (4 5$26/ "/74() *%$* 4. *%/ AMNEJOPKFKMQAC3K8 ;%+- 0+5/-

#+-/ *4 4(/ 4. *%/ 0#/$*/-* .#6-*#$*+4(- =+*% =%+,% $#* %$- *4 ,4?/D+-*8 >/

)4 (4* -$5/ *%/ =4#2)9 =/ )4 (4* $**/() *4 *%/ -+,<9 =/ )4 (4* )+-,45/# *%/

&$2$#+$ 5$,,+($*+4(L $#* +- $ :#4.46()27 +()+5+)6$29 $"-6#) &$**/#8 K5/#

-+(,/ F/0/2 )/.+(/) *%/ 0/(/#$29 +()+5+)6$2 $,*- =+*%46* #/:/#,6--+4( 4(

*%/ 0/(/#$2 $#/ 2+(</) *4 *%/ $"-6#)8 ;%/ */##+"2/ $() *%/ "/$6*7 4. :4/*+,

-$,#+.+,/ +- *%$* +* +- 4(27 $ */-*8 !() *%/#/+( 2+/- +*- 5$26/9 +*- %$#)+(/-- $()

+*- #+-<8 !- $ -$,#+.+,/ $ */-* -%462) "/ 6:%/2) "7 "/2+/.8 R+/#</0$$#) +( %+-

4&"5 "1' ,5&67#)12 $..+#&- *%$* !"#$%$& +- $,*+(0 4( *%/ "$-+- 4. *%/

$"-6#)9 =%+,% +- "/2+/.8 ;%/ -$,#+.+,/ +- $ -42+*$#7 $,* 4. "/2+/.8 ;%/ -*$0/ +-

-42+*6)/9 $- +* )4/- (4* :#45+)/ $ 0/(/#$2 -/#5+,/8 ;%/ -:/,*$*4# =+*(/--/-

*%/ -42+*6)/ 4. *%/ */-*L %/ +- ,4(.#4(*/) =+*% *%/ -42+*6)/ 4. $( $"-6#) $,*

4. .$+*%8 >/9 $- $,*4#-9 $#/ $24(/ $() ,$##7 *%/ $(06+-%8 C7 2/$5+(0 /*%+,- +(-6-:/(-/9 *%$* +-9 *%/ 2$=- 045/#(+(0 0/(/#$2 4:+(+4(9 =/ .+() *%$* 46#

-$,#+.+,/ +- ,$##+/) 46* +( =%$* R+/#</0$$#) ,$22- @6(+5/#-$2 -42+*6)/B9 =/

!"#$%$& $() )#$&$*+, -$,#+.+,/ UVa



$,* +( *%$* 6(+5/#-$2 -42+*6)/ =+*% 46# #/-:4(-+"+2+*+/- 4( 46# "$,<-9 /5/(

*%460% *%$* -42+*6)/ +- ,4(*#$)+,*4#7 =+*% *%/ )+-:2$7 4. *%/ -$,#+.+,/8

C6* $( $(0/2 $::/$#/) $* *%/ 5/#7 2$-* &4&/(* *4 )/*$+( *%/ -$,#+.+,/8

R+/#</0$$#)T- +(*/#:#/*$*+4( 4. *%/ *$2/ 4. !"#$%$& +- $- .4224=-] *%$* =/

-%462) "/ :#/:$#/) *4 <+22 *%$* =%+,% =/ &4-* 245/ -4 *%$* +* +- #/*6#(/) *4

6-8 @E(27 %/ =%4 %$- <(4=( $(06+-% +- $* #/-*8 E(27 %/ =%4 )/-,/()- *4

%/229 -$5/- %+- "/245/) $() 4(27 %/ =%4 ,2/(,%/- *%/ <(+./ =+22 ,4(-/#5/

A-$$,B9 -$7- Qb#/(8 ;4 )/-*#47 +( 4#)/# *4 -$5/8 ;4 ,#/$*/ *%/ &$( +* +-

(/,/--$#7 *4 )/-*#47 2$=8 ;4 &$</ $#* 4(/ %$- *4 )/-*#47 $#*8 !#* 2+5/- *%/

:$#$)4D 4. !"#$%$&] 4(27 +. =/ $#/ :#/:$#/) *4 )/-*#47 A-$$,9 =+22 %/ "/

#/*6#(/)9 =/ $#/ #/-*4#/) *4 2+./ *%$(<- *4 *#$(-0#/--+4(9 =/ $((+%+2$*/ -4

*%$* 2+./ ,$( "/ #/-*4#/) *4 6-9 -4 *%$* *%/ &$( ,$( "/ #/*6#(/) *4 6-8

;%/ ,#/$*+5/ $,* +- +&&42$*+4(9 "6* $* *%/ -$&/ *+&/ -$25$*+4(9 +* #/-*4#/-

,4(*+(6+*7 *4 )+-,4(*+(6/) "/+(0-8 >/ -$,#+.+,/ *%$* =%+,% =/ 245/ $() *%$*

$,* +- 4(/ 4. %$*#/) *4=$#)- 46#-/25/-8 A( ,-$3 89/:& ;"5"%-$3%5" M+/*?

^-,%/ -$7- *%$* *%/ &4-* )/-:+,$"2/ &$( +- %/ =%4 +- (4* ,$:$"2/ 4.

)/-:+-+(0 %+&-/2.8 Q$,#+.+,/ &6-* "/ $ .4#& 4. -/2.?,4(*/&:*9 =%+,% +- $**%/ -$&/ *+&/ 245/ .4# *%/ -$,#+.+,/) 4"Y/,*L +* +- #/(6(,+$*+4(9 -6"&+--+4(8

A* +- @*%/ &4-* $"-426*/ /D:#/--+4( 4. -6"&+--+4(B9 "/,$6-/ +* +- )4(/ .4#

245/8 A. A )+) (4* )/-:+-/ &7 2+./ A ,462) (4* 0+5/ 6: *%$* =%+,% A &4-* 245/8

N4(*/&:* .4# 4(/-/2. %$- *4 )4 =+*% *%/ 0/(/#4-+*7 4. *%/ $,*8 A( :4/*+,

-$,#+.+,/ *%/#/ +- $( +(/5+*$"+2+*7 *%$* +- ,2/$#27 2+(</) *4 "/2+/.9 $- +* ,4(-*+?

*6*/- $ */-*9 $() +- 2+(</) *4 245/8 345/ *%$* +- (4 &4#/ *%$( *%/ %$*#/) .4#

46#-/25/- (/,/--$#7 +( 4#)/# *4 ,#/$*/ .#4& )/-*#6,*+4(8 R+/#</0$$#)9

Z64*+(0 Q$+(* 36</9 @+. -4&/4(/ ,4&/- *4 &/ $() )4/- (4* 24$*%/ %+- 4=(

.$*%/#9 %+- &4*%/#9 %+- =+./ $() %+- ,%+2)#/(9 %+- "#4*%/#- $() -+-*/#-9 /5/(

%+- 4=( 2+./9 %/ ,$((4* "/ $ )+-,+:2/ 4. &+(/B8 A( *%/ -$&/ =$7 &/2$(,%427

$() *%460%* $#/ 6(+*/) +( *%/ -$,#+.+,/9 $() $2-4 6(+*/) $#/ 245/ $()

*%460%*8 F/+)/00/# 6()/#2+(/- *%+- =%/( %/ #/.2/,*- 4( *%/ .4224=+(0 5/#-/

4. F42)/#2+(] @F/ =%4 %$- *%460%* &4-* )//:27 245/- *%/ &4-* 5+5+)27B8

F/+)/00/# +- +(*/#/-*/) +( *%/ *=4 5/#"- 6(+*/) +( *%/ -$&/ 2+(/ 4. 5/#-/9

*4 *%+(< $() *4 245/8 F/+)/00/# -$7- @345+(0 #/-*- +( *%460%*L +* +-

$)&+#$"2/ #$*+4($2+-& *%$* 2$7- *%/ .46()$*+4( 4. 245/ +( *%460%*8 Q$,#+.+,/

,$( 2/$) 6- *4 *%/ #/$2+-$*+4(? #/:#/-/(*$*+4( 4. $( $,* .4#"+))/( "7 /*%+,-9 "6* +* =+22 (/5/# +()6,/ 6- *4 -*4: 245+(09 =%+,% +- *4 %$*/ 4(/-/2.9 4(/T-

.$*%/#9 &4*%/# $() /5/#74(/ /2-/8 >4#< +- ,$##+/) 46* +( -:+*/ 4. $()

UVc !(012+,$ 3+))/22



*%$(<- *4 *%$* 245/ =%+,% +- %$*/ .4# /5/#7*%+(0 /2-/8 !() *%$* +- 46# 4(27

,/#*+*6)/8 A( *%/ -$&/ =$79 *%/ -:/,*$*4# =+*(/--/- $( 6(/*%+,$2 $,*9 $()

,$((4* "6* $)&+#/ $() 245/ *%/ -$,#+.+,/9 =%+,% +- $2-4 +( +*- %+))/( =$7 $.4#& 4. -/2.?%$*#/) *%$* %$- Y6-* "//( #/5/$2/)8 ;4 "/2+/5/ +- 0#/$*9 "6* *4

,4(*/&:2$*/ *%/ "/2+/5/# +- /5/( 0#/$*/#9 -$7- R+/#</0$$#)8 ;%/ :6"2+, $#/

*%4-/ =%4 =+-% *4 =+*(/-- *%/ /5/(* 4. *%/ -$,#+.+,/9 )/-:+*/ *%/ /*%+,-

"/+(0 %/2) +( -6-:/(-/9 =+*% *%/ -$&/ .4#,/ 4. !"#$%$& 4# *%/ .4#,/ 4.

&6#)/#/#-8 R+/#</0$$#) 4:/(- 4&"5 "1' ,5&67#)12 =+*% $ -/(*/(,/ *%$*

:#4"$"27 #/./##/) *4 %+- 4=( .$*%/#9 @!() %+- -462 %$#"46#/) 4(27 4(/

)/-+#/] *4 -// !"#$%$&L %/ 4(27 %$) 4(/ #/0#/*] (4* "/+(0 $"2/ *4 :/#-4(?

$227 =+*(/-- *%/ /5/(*B8 ;%/ /5/(* 4. $ &6#)/# +( -6-:/(-/8

Q$,#+.+,/ +- $ &6#)/# +( -6-:/(-/ $() *%/#/.4#/ +- $"45/ /*%+,-8 O4/*+,

-$,#+.+,/ +- :6#/ *#$(-0#/--+4(8 ;%+- &/$(-9 $- =/ -$+) "/.4#/9 ,%$22/(0+(0

-4,+/*7 $() $ =%42/ -/#+/- 4. %+-*4#+,9 :42+*+,$29 -4,+$2 $() .$&+27 ,+#,6&?

-*$(,/- *%$* )/.+(/ 6-9 $() *%6- +( :4/*+, -$,#+.+,/ $ ,%$22/(0/ *4 (4#&- +-

:#4)6,/)9 $() *%/ #/-62* +- AMNEJOPKFKMQAC3KL "6* 4(27 "7 &/$(- 4. *%/

AMNEJOPKFKMQAC3K 4. *#$(-0#/--+4( ,$( $ (/= #/,4(.+06#$*+4( 4. *%/

=4#2) "/ #/$,%/)L 4(27 *%/ AMNEJOPKFKMQAC3K 0/(/#$*/- *%/ (/,/--$#7

,4(.2+,* =+*%+( *%/ -:/,*$*4# .4# *%$* #/,4(.+06#$*+4( *4 *$</ :2$,/8 !- $#/-62*9 $2*%460% :4/*+, -$,#+.+,/ +- $ */-* *%$* )4/- (4* -/$#,% .4# 0#/$*/#

0$+(9 +* )4/- :#4)6,/ $( +(/5+*$"2/ /*%+,$2 :#4.+*$"+2+*78 >%/( =/ 2/$5/

/*%+,- +( -6-:/(-/9 =/ =4#< =+*% $ @&4#$2 .4#& 4. /5+2B8 ;%$(<- *4 *%/

-6-:/(-+4( 4. /*%+,-9 *%/ -:/,*$*4# #/$,%/- &4#$2 ,4(,26-+4(-L =/ -6-:/()

/*%+,- -4 *%$* *%/ -:/,*$*4# &$7 $,Z6+#/ *%/&8 Q$)/9 ,62&+($*+4( 4. *%/

$"-6#) 4. !"#$%$&9 /&:247- *%/ -$&/ *%/-+-9 /5+2 $- $ &/$(- *4=$#)-

:#4)6,+(0 044)9 $- %/ $..+#&- +( <$3%)1& /5 %-& =)3*/5%$1&3 /* >)5%$&] @A* +-

6()46"*/)27 ,#6/2 *4 %$5/ *4 )/-,#+"/ $ %/$: 4. &+-.4#*6(/- 4::#/--+(0

*%/ -=//* $() -/(-+*+5/ =4&$( =%4 "/-* #/-:/,*- 5+#*6/9 $() 4( *%/ 4*%/#

%$() *%/ 044) *+&/- *%$* "/.$22 *%4-/ =%4 ,#6-% $() &4#*+.7 *%+- =4&$(9

C6* +. %4=/5/#9 044) +- "4#( 46* 4. *%+- -*4#7 4. .$*$2+*+/- -%$22 =/ .//2

#/&4#-/ .4# %$5+(0 4../#/) *%/&d A( *%/ =4#)- 4. R+/#</0$$#)9 @4(/ *#+/-

*4 )#$= .#4& :$#$)4D *%/ <(4=2/)0/ 4. 2+./B8 A( -+&+2$# 5/+( +- *%/ +)/$

/D:#/--/) "7 P4%&/# +( %+- =4#< ,-& ,"3%& */5 ?&"$%@ 9 @!#*e Y6-*+.+/- +*-

+&&4#$2+*7 "7 #/-*4#+(0 +*- $--/*-I044)- *4 /*%+,-8B C$*$+22/ +(-+-*- 4( *%/

#/5/$2+(0 ,%$#$,*/# 4. -$,#+.+,/9 @;4 ,$6-/ *4 /&/#0/ *%#460% $(06+-%9 *%/

4"-,6#/ $,*+5+*7 ,4(,/$2/) +( /5/#7 %6&$( 2+./B9 =%+,% =462) "/ $( $--/*8!() %/ $2-4 $..+#&- *%$* *%#460% -$,#+.+,/ =/ %$5/ *%/ #/5/2$*+4( @4. =%$*

(4#&$227 /-,$:/- 46# $**/(*+4(B9 =%+,% =462) "/ $( $--/*8 ;%/ +)/$ 4.

!"#$%$& $() )#$&$*+, -$,#+.+,/ UVf



&$<+(0 *%/ +(5+-+"2/ 5+-+"2/ +- $2-4 *4 "/ .46() +( F/+)/00/# =%/( %/

-:/$<- 4. "/$6*78 A( F/+)/00/# 5+-+"+2+*7 %$- *4 )4 =+*% *#6*%9 @C/$6*7 +- $

0+.* 4. *%/ /--/(,/ 4. *#6*%9 "/$#+(0 +( &+() *%$* *#6*% &/$(- *%/ )+-,24?-6#/ 4. =%$* +- ,4(,/$2/)8 C/$6*7 +- (4* =%$* :2/$-/-9 "6* #$*%/# =%$* .$22-

6()/# *%$* 0+.* 4. *#6*% *%$* 4,,6#- =%/( *%/ /*/#($29 2$,<+(0 $::/$#$(,/

$() *%/#/.4#/ +(5+-+"2/9 #/$,%/- *%/ #/.2/,*+4( 4. &$D+&6& $::/$#$(,/B8

;%6- -$,#+.+,/9 +- &$D+&6& $::/$#$(,/9 &$D+&6& 5+-+"+2+*79 /5/( *%460%

+* ,$6-/- :$+( 4# */##4#9 4# :#/,+-/27 "/,$6-/ +* ,$6-/- :$+( $() */##4#9 $()

%$*#/) 4. 46#-/25/-9 -$,#+.+,/ +- *%/ &$D+&6& $::/$#$(,/9 *%$* +- *4 -$79

@*%/ 4"-,6#/ $,*+5+*7 *%$* +- ,4(,/$2/) +( /5/#7 %6&$( 2+./B9 $()9 4. ,46#-/9

*%/ #/-62* +- +(/5+*$"27 "/$6*+.628 ;%6- =%/( -$,#+.+,/ 2$,<- 4"Y/,*+5/9 +( *%/

/()9 $- \4)$#) -$7-9 *%/#/ $#/ /*%+,-8 O4/*+, -$,#+.+,/ +- %/+# *4 O$-,$2T-

:$#$)4D =%/#/"7 *%/ AMNEJOPKFKMQAC3K :/#&+*- 6- *4 6()/#-*$() *%/

6(+5/#-/ $() 46#-/25/-8 ;4 &$</ 5+-+"2/ *%/ +(5+-+"2/ %$- *4 )4 =+*% $&$^/?

&/(*8 ;%#460% -$,#+.+,/ =/ :#$,*+,/ *%/ :/)$0407 4. $&$^/&/(*8 A( $#*

$::#/(*+,/-%+: )4/- (4* /D+-* =+*%46* $&$^/&/(* +( *%/ .$,/ 4. *%/ /D,/:?

*+4($28 E(/ ,$((4* 2/$#( =+*%46* $&$^/&/(*9 "/,$6-/ +* +- $ Z6/-*+4( 4.

"/2+/5+(0 +( *%/ +(,4&:#/%/(-+"2/ $() *%/ +&:4--+"2/8 A( %+- /--$7 A1 %-&

8$7#)6&9 Q,%+22/# )/./()- *%/ +(,4&:#/%/(-+"2/ $- $ &/$(- 4. <(4=2/)0/8

@>%$* +- +(,4&:#/%/(-+"2/ .4# *%/ 6()/#-*$()+(09 *%/ ,4(.6-+4(B ,$( -/#5/$- $ #/:#/-/(*$*+4( 4. *%/ -6:/#-/(-646- $() 0+5/ *%/ -462 "647$(,78B A(

*%/$*#/9 :4/*+, -$,#+.+,/ %$- *4 )4 =+*% *%/ +(,4&:#/%/(-+"2/9 (4* =+*% *%/

,4&:#/%/(-+"2/9 $() *%+- 2/$)- 6- *4 *%/ /--/(,/ 4. :4/*+, -$,#+.+,/9

JgQ;KPg8 >/ <(4= *%$* =/ &6-* 04 "/74() =%$* ,$( "/ ,4&:#/%/()/)9

=/ &6-* #/$,% *%/ +(/D:2+,$"2/8 O4/*+, -$,#+.+,/ ,$6-/- 0/(/#$2 "/=+2)/#?

&/(* "/,$6-/ =/ ,$((4* 0+5/ $( /D:2$($*+4( .4# /5/#7 $#06&/(* $0$+(-*B8

>/ ,$((4* -$7 *%$* =%+,% =462) /D:2$+( /5/#7*%+(09 *%$* =%+,% =462)

&$</ /5/#7*%+(0 ,4&:#/%/(-+"2/8 >/ ,$((4* 0+5/ $ .+(+*/ #/-:4(-/ *4 $(

+(.+(+*/ Z6/-*+4(L =/ ,$( 4(27 -%4= *%/ -$,#+.+,/ $() *%/ +(,4&:#/%/(-+"2/

($*6#/ 4. *%/ -$,#+.+,/8 ;%$* +-9 *%/ &7-*/#7 4. $(06+-%8 ;%/ /D:/#+/(,/ 4.

*%/ "/$6*+.62 "/0+(- =%/( *%/ ,4&:#/%/(-+"2/9 *%/ &/$-6#$"2/9 *%/ /D:2+?

,$"2/ +- :2$,/) +( -6-:/(-/8 ;%/ /D:/#+/(,/ 4. "/$6*7 "/0+(- =%/( */,%?

(+Z6/ +- /D:/22/) "7 &+#$,2/8 ;%/ +(/..$"2/ +- *%/ &/$-6#/ 4. "/$6*78 ;4 *#7

*4 Y6-*+.7 "/$6*79 *4 *#7 *4 $($27-/ +* =+*% /D:2$($*+4(-9 +- +()//) *%/ *$-<

4. )622 -462-9 :44# $() &/)+4,#/9 =+*% (4 &4#/ *%$( -,%42$#27 #/-46#,/-8

E(/ &6-* $2=$7- 0+5/ $( 4::4#*6(+*7 *4 &7-*/#79 *%$* +-9 *%/ =4#< $2-4

)/:/()- 4( /##4#9 $,,+)/(*9 ,%$(,/ 4# )+-,45/#78 ;%/ ,46#-/ 4. 2+./9 *%/:2/$-6#/ 4. $ 044) "#/$<.$-*9 *%/ -$)(/-- 4. $ "2+() )409 +- &7-*/#+46-27

)/.+(+(0 $ =4#<8 M4?4(/ +( *%/ =4#2) ,$( $($27-/ 4# .+() $(7 Y6-*+.+,$*+4(

U`h !(012+,$ 3+))/22



+( *%/ :2/$-6#/ 4. $ "#/$<.$-* 4# *%/ /(,46(*/# 4. $ "2+() )409 :2/$-6#/ $()

/(,46(*/#9 =%+,% =+22 *$</ ,%$#0/ 4. &7-*/#+46-27 )/.+(+(0 *%/ =4#<8

;%6-9 2+</ !"#$%$&9 *%4-/ 4. 6- +( ,%$#0/ 4. *%/ -$,#+.+,/ ,$((4* &$</

46#-/25/- 6()/#-*44)9 $- R+/#</0$$#) -$7-9B !() *%/ $(06+-% $() *%/ :$+(

4. :$#$)4D ,4(-+-*- +( *%/ .$,* *%$* !"#$%$& ,$((4* "/ 6()/#-*44) "7

$(74(/ GeH ;%4-/ 4"-/#5+(0 %+& $#/ 6($"2/ *4 ,4&:#/%/() %+&9 $() $#/

/5/( 2/-- 2+</27 *4 .//2 .622 4. ,4(.+)/(,/ =%/( %+- 0$^/ #/-*- 6:4( *%/&B8

A( /../,*9 *%/ :/#-4( +( ,%$#0/ 4. *%/ -$,#+.+,/ .//2- *%/ -4##4= 4. (4* "/+(0

6()/#-*44) $() =4#<- =+*% *%$* -4##4=8 !() 0+5/( *%$* *%/ -$,#+.+,/ +- $(

+(,4&:#/%/(-+"2/ $,* +* +- -4 6(+*/) *4 &$)(/--9 *%$* &$)(/-- 4. X+)/#4*T-@P$&/$6T- M/:%/=B9 *%/ "6..44( =%4 .$+2- *4 0/* *%/ :%+24-4:%/# *4

6()/#-*$() %+&9 =%4 "#/$<- *%/ 2+(/ *%$* -/:$#$*/- :#4./--+4($2 &$)(/--

.#4& ,2+(+,$2 &$)(/--9 &/#0+(0 *%/& +(*4 $ -42/ +&:4--+"2/ 0/-*6#/9 "6*

+(.+(+*/27 &45+(0 $() #/5/$2+(09 $- X+)/#4*9 +( P$&/$6T- M/:%/= $--4,+$*/-

&$)(/-- $() /D,26-+4( =+*% *%/ #/(/=$2 4. $/-*%/*+, +)/$-8 X+)/#4* 6-/- $(

46*,$-* $() 5$0#$(* *4 */22 *%/ *#6*%8 ;%/ =4#< 4. *%/ "6..44(9 *%/ :4/*+,

-$,#+.+,/9 +- *%/ -6&&+* 4. :$+(8 A* ,$((4* "/ 6()/#-*44) =+*%46* #+-<9 *%$*

#+-< =%+,% "#+(0- %+& -4 ,24-/ *4 2/:/#- $() ,#+&+($2-9 =+*% =%4& %/

-%$#/) ,4(.+(/&/(* .4# ,/(*6#+/-8 ;%$* +- *4 -$7 *%/ &$)&$( +- $ *#$(-?

0#/--4#8 R+/#</0$$#) $2-4 -:/$<- 4. *%/ &$)(/-- 4. !"#$%$&9 =%/( %/

-$7-9 @S#4& $ %6&$( :4+(* 4. 5+/= G!"#$%$&H +- &$)9 $() =+22 (4* 0/*

$(74(/ *4 6()/#-*$() %+&8B >/ <(4= %4= $0#//$"2/ +* +- *4 "/ 6()/#-*44)

+( $( /*%+,$2 =$79 "6* @*%/ 24(/27 :$*% G4. -$,#+.+,/H +- ($##4= $() -*//:B8

>/ )4 (4* 6()/#-*$() !"#$%$&9 "6* %/ &45/- 6-9 %/ -*$#*2/- 6-9 %/ */##+?

.+/- 6-8 E. ,46#-/9 :4/*+, -$,#+.+,/9 "7 +*- 5/#7 ($*6#/ +- .4#&/) "7 $22 *%$*

:/4:2/ )4 (4* =+-% *4 %/$#9 R+/#</0$$#) $2-4 %$- *%+- *4 -$79 @=%$* (4?4(/

=$(*- *4 <(4= $"46* +- *%/ $(06+-%9 *%/ &+-/#79 *%/ :$#$)4D8B >%/( =/=+*(/-- -4&/*%+(0 *%$* +- $"45/ *%/ 0/(/#$29 =%/( /*%+,- $#/ :2$,/) +(

-6-:/(-/9 $ -/(-$*+4( 4. %4##4# +- :#4)6,/)9 "/,$6-/ +* "/24(0- *4 *%/

:4--+"+2+*+/- 4. *%/ %6&$(/9 "/,$6-/ +* %$- *4 )4 =+*% *%/ &$**/# 4. *%/

%6&$( -4629 =+*% =%$* 2/5/2- 6-9 (4* =+*% =%$* )+../#/(*+$*/- 6-8 >%$*

2/5/2- &$(<+() +- *%/ =4#-* 4. &$(<+()8 >%$* &$</- 6- /Z6$2 +- :#/,+-/27

*%$* =%+,% =/ )4 (4 =+-% *4 -//8 A. =/ ,4(-+)/# $( /*%+,$2 ,4(.2+,*9 +* =+22

"/ 5/#7 /$-7 *4 )+../#/(*+$*/ 4(/ .#4& $(4*%/#9 ($*6#$227 =/ *$</ *%/ -+)/

4. /*%+,-9 /*%+,- )+5+)/ &/( +(*4 044) $() "$)9 "6* +. )#$&$*+, -$,#+.+,/-6-:/()- /*%+,- +* -%4=- ME; =%$* )+../#/(*+$*/- 6- G=+*% *%+- =/ $2=$7-

/() 6: =+((+(09 =/ $#/ $2=$7- $* $( $)5$(*$0/H9 "6* =%$* &$</- 6- /Z6$29

!"#$%$& $() )#$&$*+, -$,#+.+,/ Uì



O!QQAEM9 $() *%$* +- =%$* *#627 */##+.+/- 6-9 =%$* &$</- 6- /Z6$29 =%$* =/

)4 (4* =+-% *4 #/5/$2 *4 $(74(/8

O/#%$:- =/ -%462) /() =+*% *%+- #/.2/,*+4( 4. X/##+)$ *%$* *%/ :$#$)4D 4.

)#$&$*+, -$,#+.+,/ ,4(-+-*- +( @&$<+(0 #44& .4# *%/ (4(?*%/$*#+,$2 +( *%/

%/$#* 4. *%/$*#/B8

;#$(-2$*/) "7] O/(/24:/ K$)/-8

UÙ !(012+,$ 3+))/22



!"#$#%&"'(#) +#"# ,-)+&.),- /# 0()%1"(#

2)3#" 41"5#'1

61"("-$1) #01'#,1) -5 &5 ,(/&7(1 ,- (513-53(#8

9:5%0-" ;5,-") <-5 =-5>(?1@ ABCBD CEF

G# +1)(H(/(,#, ,- ,-)#""1//#" &5# I0()%1"(#J -5 -/ K$H(%1 3&/%&"#/ -&"1+-1@

-5%-5,(,# #L&M -5 -/ ,1H/- )-5%(,1 ,- 0()%1"(# )13(#/ N 315)%"&33(O5

?(33(15#/@ 0# )(,1 &5 ,-H#%- 315)%#5%- # /1 /#"'1 ,-/ )('/1 PP8 G# %-)() ,-/

?(5 ,- /1) '"#5,-) "-/#%1)@ #5&53(#,# +1" GN1%#", # 31$(-5Q1 ,- /1) #R1)130-5%#@ N %#5%#) 7-3-) 3(%#,# 0#)%# 3157-"%(")- -5 &5 /&'#" 31$S5@ +#"-3-

L&- ,(1 315 &5# ,- /#) 3/#7-) ,-/ #)&5%1@ #/ $-51) ,-),- &5 +&5%1 ,- 7()%#

L&- -5%(-5,- /# $1,-"5(,#, 31$1 &5 +"1N-3%1 &5(%#"(18 T(5 -$H#"'1@

7-(5%- #R1) ,-)+&.)@ 3&#5,1 /1) -5?"-5%#$(-5%1) #"$#,1)@ N# )-# H#>1 /#

,-51$(5#3(O5 ,- '&-""#@ 13&+#3(O5 +#3M?(3#@ 1+-"#3(O5 ,- /(H-"#3(O5 1

#%#L&- %-""1"()%#@ 0#5 7&-/%1 # "-31",#"51) L&- /# 0()%1"(# 51 #3#HO@ -/

%-$# "-3&+-"# &5# ,(?M3(/ #3%&#/(,#,8 G# 0()%1"(# 3(-"%#$-5%- 51 #3#HO@ /1

L&- )- #'1%O ?&-"15 /1) ,()3&")1) +#"# ,#" 3&-5%# ,- -//#@ 1 ,-),- /# +-")U+-3%(7# -)+#3(#/ L&- 7#$1) # +"1+15-" # /1 /#"'1 ,- -)%- -5)#N1@ ,("M#$1)

L&- )15 /1) /&'#"-) ,-),- /1) L&- )- 0#3M#5 -)%1) ,()3&")1) /1) L&- 0#5

,->#,1 ,- ?&53(15#" 31$1 /1 0(3(-"15 #5%-)@ /&'#"-) 315)%"&(,1) )1H"-

(,-5%(,#,-) ,- %(+1 31/-3%(71@ N# )-#5 ,- 3#"K3%-" 5#3(15#/@ 3&/%&"#/@ ,-

'.5-"1 1 ,- 3/#)- )13(#/8 G# (5)%(%&3(15#/(Q#3(O5 ,- -)%#) (,-5%(,#,-)

315%"(H&NO # &5 ,-)+/#Q#$(-5%1 ,-/ 3#$+1 #"%M)%(31 0#3(# /# +"($-"#+-")15#@ &5 IN1J +"1N-3%#,1@ )(5 -$H#"'1@ )1H"- &5 -)+#3(1 +SH/(31@ -)

,-3("@ )13(#/@ )1H"- -/ L&- 51 315)('&- 315)%"&(" &5 "-/#%1 "-+"-)-5%#%(71@&5# 0()%1"(# L&- ,. 3&-5%# ,- &5 +"-)-5%- # +#"%(" ,- &5# "-?/-V(O5 )1H"-

-/ +#)#,18



W# # 31$(-5Q1) ,- /1) #R1) 517-5%# =1,"('1 9#"3M# <CXXBF@ -5 3&N# 1H"# /#,($-5)(O5 )13(#/ ,-/ (5,(7(,&1 0# )(,1 &5 1H>-%1 3"-3(-5%- ,- 3"M%(3#@ 71/7M#

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

G# (,-# ,- I0()%1"(#J L&- 7#$1) # $#5->#" #L&M -)%K +"1+&-)%# $K) 31$1&5 3#$+1 ,- %"#H#>1@ &5 -)+#3(1 +#"# )-" ,()3&%(,1@ L&- &5 3153-+%1&5(%#"(1 L&- L&-"#$1) ,-?(5(" ,-),- -/ 31$(-5Q18 !-H-$1) ,->#" 3/#"1 -//&'#" ,-),- -/ L&- )- +(-5)# -)%# (,-# ,- I0()%1"(#J8 T( 51 +#"%($1) ,- &53153-+%1 S5(31 1 &5# 0()%1"(# ,-%-"$(5#,#@ )M %-5-$1) &5 -)+#3(1 3&/%&"#/- 0()%O"(31 ,-),- -/ L&- +"1+15-" -)%# ,()3&)(O5@ L&- -) -/ -)+#3(1-&"1+-18 Z1 51) "-?-"($1) #L&M # /# 0()%1"(# ,- [&"1+#@ )(51 # /# 0()%1"(# 1

/#) 0()%1"(#) 315)%"&(,#) ,-),- [&"1+#@ # /# +1)(H(/(,#, ,- 315)%"&(" &5($#'(5#"(1 0()%O"(31 ,-),- -/ -)+#3(1 -&"1+-1 # 31$(-5Q1) ,-/ )('/1 PP\@"-/#%1) ,-/ +#)#,1 L&- -V+/(L&-5 &5 +"-)-5%- -5 ?&53(O5 ,- &5 ?&%&"18

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

L&- 51 %(-5- 3#)( 5#,# L&- 7-" 315 /# +"($-"#8 [5 -)%- )-5%(,1@ [&"1+# +1")& +1,-" <,- +"1N-33(O5F )- 3157(-"%- -5 &5 /&'#" -)+-3(#/$-5%- ,(?M3(/+#"# 0#3-" 0()%1"(#@ &5# -)+-3(- ,- +&5%1 3(-'1 ,(?M3(/ ,- #+"-0-5,-"@ &5

Aà 2)3#" 41"5#'1



-)+#3(1 L&- 91,#",@ 51 )(5 3(-"%# ("15M#@ +"-)-5%# -5 )&) !"#$%"&'(#) +,-".'/0 31$1 &5 +"(7(/-'(1 +#"# #"%()%#) - (5%-/-3%&#/-)@ -/ +"(7(/-'(1 ,-

%"#H#>#" N 7(7(" -5 &5# ,- /#) +#"%-) I/(H"-)J ,-/ $&5,1@ Ib&. -) +"-?-"(H/-# -)%- 0#H(%#" -5 &5# %(-""# ,15,- /# >&)%(3(# )- -5%"153# 315 /# +-1" ,- /#))&H#)%#)@ L&. #"%()%# 51 )1R#"M# 315 &5# 5#3(O5 )-$->#5%- # /# 3&#"%#+1%-53(# -315O$(3# $&5,(#/@ )- 51) ,(3-J <91,#",@ CXXcD AaF8

!-),- &5 +&5%1 ,- 7()%# #5%"1+1/O'(31@ -/ ,-)#""1//1 ,- &5# 5#""#%(7# -)&5 -/-$-5%1 -)-53(#/ -5 /# 315)%"&33(O5 ,- &5# 3&/%&"#8 [/ +"1N-3%1 (/&)U%"#,1 ,- /# $1,-"5(,#, %"#%O ,- )&)%(%&(" /1) 7(->1) "-/#%1) $M%(31) +1" /#0()%1"(# +1/M%(3#8 Y-"1 31$1 ,-$1)%"#"15 N# -5 /1) #R1) 3&#"-5%# d1"eU0-($-" N ;,1"51 -5 /# 1"023-$"-0 +' 20 42,#$&0-"5.@ /# ,-)%(%&3(O5 ,-/ $(%10(Q1 L&- /# .0$,&02'60 ,- .)%- L&-,#"# ,()+-")#@ ,- ?1"$# -53&H(-"%#@ -5/1) $()$1) ,()3&")1) L&- /# 0#HM#5 ,-)%-""#,1 +1" (""#3(15#/@ -) ,-3("@ /1(""#3(15#/ ,- /# 5#%&"#/-Q# +#)O # ?1"$#" +#"%- ,- /# 5#%&"#/-Q# ,- -)-,()3&")1 ,- /# "#QO5 L&- )- )&+15M# #/ ?"-5%- ,-/ -)+M"(%& ,- /# 0()%1"(#8b&(QK +1" -)%# 51 #3-+%#3(O5 ,- /# 5#%&"#/-Q# $M%(3# ,- /# 5-3-)(,#, ,-0()%1"(#)@ -/ $&5,1 315%-$+1"K5-1 51 0#N# ,->#,1 ,- %-5-" +"1H/-$#)315 -/ $1,1 ,- #"%(3&/#"/#)8 [/ #"%- ,-/ )('/1 PP -) &5 "-?/->1 ,- -)%# "-/#U

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

/1) #315%-3($(-5%1) -5 -/ %(-$+1 31$1 "-)&/%#,1 ,- /# -3&#3(O5 L&- 3"&Q#-/ 3&-"+1 315 -/ -)+#3(18 f -5 1%"#) +#/#H"#)@ /# 0()%1"(# L&-,# -)3"(%# -5/1) 3&-"+1) L&- 13&+#5 &5 -)+#3(1 +SH/(31@ -) ,-3("@ -)3.5(318

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# A`g



G1) 3&-"+1) ,-)5&,1)@ #+#"%#,1)@ %1"%&"#,1)@ #L&-//1) # /1) L&- )- "-?(-"-;'#$H-5 <CXXXF 3&#5,1 0#H/# ,- /1) 3#$+1) ,- 3153-5%"#3(O5@ L&-,#5

"-,&3(,1) <+1" /# 0()%1"(#F # &5# +&"# 5#%&"#/-Q# ?M)(3# //-7#,# #/ /M$(%- ,-)& "-)()%-53(#@ /# 5#%&"#/-Q# -5 H"&%1 L&- )#/(O # /# /&Q 3&#5,1 -/ $&5,1)- L&-,O )(5 0()%1"(#) +#"# ,#" 3&-5%# ,- -//1)8 Y1" -)1 0#H"M# L&- +#"%(",- #0M@ ,-),- -)- #?&-"# ,- /# 0()%1"(#@ +#"# -$+-Q#" # "-+-5)#"/# &5# 7-Q$K)8 f ,(301 ,- 1%"1 $1,1D ,-),- /# ,-""1%# L&- )&+15- -)- -)%#" #?&-"#h/# +1)(H(/(,#, ,- /# ,-""1%# <,- [&"1+#F 31$1 315,(3(O5 ,-/ +-5)#$(-5%1,- /# 0()%1"(# <&5(7-")#/F8

G# $1,-"5(,#, 5#3- H#>1 /# #$-5#Q# ,-/ ?(5 ,- &5# 0()%1"(# L&- 5&53#%-"$(5# ,- 3153/&("@ N /# +1)(H(/(,#, ,- &5 5&-71 31$(-5Q1@ L&- 0# ?&53(1U5#,1 # $-5&,1 31$1 &%1+M# N $1%1" ,- /# 0()%1"(#8 ;)M )- ?&- ,-3"-%#5,1,-),- d-'-/ -5 #,-/#5%-@ -/ ?(5 ,-/ #"%-@ ,- !(1)@ ,-/ 01$H"-@ ,- /# 3&/%&"#/(%-"#"(#@ ,- /# +1/M%(3#@ ,- /# (,-# ,- +"1'"-)1 N ?(5#/$-5%- ,- /# +"1+(#0()%1"(#8 ;/ ?(5#/ L&-,O /# 5#%&"#/-Q# ,- &51) 3&-"+1) )(5 0()%1"(#@ 1 #/"-7.)D /# 5#%&"#/-Q# 31$1 ,-)-301 ,- /# 0()%1"(#@ /1 $KV($#$-5%- 0()%OU"(318 ;H&""(,# ,- "-+-%(")- # )M $()$#@ /# 0()%1"(# %-"$(5# ,-3"-%#5,1@ -5&5 S/%($1 '-)%1 ,- ?(5'($(-5%1 -)3.5(31@ 31$1 )( ,-/ #3%1 ?(5#/ ,- &5

,"#$# "1$K5%(31 )- %"#%#"#@ )& +"1+(1 ?(58 Y1"L&- -5 )& 3#+#3(,#, ,- "-(5U7-5%#")- -)%K /# 3#+#3(,#, ,- 71/7-" &5# N 1%"# 7-Q@ N &5# ,- /#) 31)#) L&-7&-/7-@ 31$1 ,(3- 5&-7#$-5%- 91,#",@ -) -/ (5%-5%1 ,- #3#H#" 315 /#0()%1"(#8 i(5 ,-/ ,"#$#8 41$(-5Q# -/ +-"?1"$#53-8

[)%#) "-(57-53(15-) ,- /# 0()%1"(#@ '-5-"#/$-5%- 3-5%"#,#) -5 -/ #3%1S/%($1@ )- 0#5 (,1 -)3-5(?(3#5,1 ,- $#5-"# )(-$+"- ,()%(5%#8 j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

!- -)%- $1,1@ /1) &5(?1"$-) )- ?&-"15 )&)%(%&N-5,1 +1" %"#>-)@ N /# +1/MU%(3#@ -/ #"%- N -/ +-5)#$(-5%1 //-'#"15 # )-" 3#,# 7-Q $K) &5 %"#H#>1 ,-+"1?-)(15#/-) ?1"$#,1) -5 /#) (5)%(%&3(15-) 3"-#,#) +#"# -)%1) ?(5-)8 [)

A`` 2)3#" 41"5#'1



-5%153-) %#$H(.5 3&#5,1 )- ,(?&5,- -/ ,-H#%- )1H"- /# Y1)$1,-"5(,#, N$K) %#",- /# '/1H#/(Q#3(O5h #$H1)@ &51 -5 -/ +/#51 ,- /#) (,-#) N 1%"1 ,-/

-)+#3(1@ #+&5%#5 # &5# $()$# ,()1/&3(O5 ,- /1) /&'#"-) '-1'"K?(31) 31$1-?-3%1 ,- &5# $17(/(,#, ,- /1) 3&-"+1) N /1) ,()3&")1)@ #/'1 L&- )- )&+15M#L&- 0#H"M# ,- 13&""(" -5 +#"#/-/1 # /# $17(/(,#, ,-/ 3#+(%#/8 ;/ ?(5#/@ -/S5(31 L&- )- %-"$(5O $17(-5,1 315 +/-5# /(H-"%#, ?&- -)%- S/%($18

[5 #L&-/ /(H"(%1@ )&+&-)%#$-5%- ,("('(,1 # /1) 5(R1) <L&(QK +1" -)1 %#5,(?&5,(,1F@ ,15,- GN1%#", <CXcEF 0#H/#H# ,-/ ?(5 ,- /1) '"#5,-) "-/#%1)@1?"-3M# %#$H(.5 #/ 31$(-5Q1 &5# (5%-"+"-%#3(O5 ,- /1 L&- -)%#H# +#)#5,1D/1) #R1) )-)-5%# N )-%-5%# )- $#5,#H#5 #/ H#S/ ,- /1) "-3&-",1) -5%."$(51) ,- -V+-"($-5%#/()$1)@ 7#5'&#",(#) N %-5%#%(7#)8 T- 315)%"&M# #)M&5 5&-71 ?(5#/ +#"# &5# 0()%1"(# $K)@ /# 0()%1"(# ,- /#) 7#5'&#",(#)@ #"%M)U%(3#)@ (5%-/-3%&#/-) N +1/M%(3#) +"1%#'15(Q#,#) +1" >O7-5-) )1R#,1"-)D I[5%1,#) +#"%-) )- 51) -V('- L&- #3#H-$1) 315 /# -V+-"($-5%#3(O5 -5 /#)#"%-) N -5 1%"1) ,1$(5(1)8 d- /-M,1 # &5 0()%1"(#,1" ,-/ #"%- L&- 3-/-H"# N,-?(-5,- /1) "-#/()$1) N $(/(%# -5 ?#71" ,-/ )&"'($(-5%1 ,- &5# 5&-7#)&H>-%(7(,#,J <GN1%#", CXcED CCF8 !-)+&.) ,- %#5%# 315?&)(O5 N %#5%# 1H"##H)%"&)#@ ,- %#5%1 Y1)-)%"&3%&"#/()$1 - (5%-/-3%&#/-) ,(?M3(/-) ,- -5%-5,-"@

-/ $&5,1 133(,-5%#/ 5-3-)(%#H# 3/#"(,#, N 1",-5@ (,-5%(,#,-) - 0()%1"(#) H(-5 315%#,#)8 T15 /1) #R1) %#$H(.5 -5 /1) L&- -5 -/ $&5,1 (5%-/-3%&#/ )--5?"-5%#@ -5 &51) %."$(51) )1)+-301)#$-5%- $#5(L&-1)@ 0()%1"(# ?"-5%- #%-1"M#@ /# 3/#"(,#, ,- /1) "-/#%1) ?"-5%- # /# 315?&)(O5 ,- /1) 3153-+%1)D

d- /-M,1 ,- /# +/&$# ,- &5 0()%1"(#,1" ,- ?&)%- L&- /1) -)3"(%1"-) N

/1) +-5)#,1"-) ,- 7#5'&#",(# ,- /1) #R1) )-)-5%# N )-%-5%# 0#5

0-301 "-(5#" -/ %-""1" -5 -/ &)1 ,-/ /-5'&#>- N L&- -) +"-3()1 "-)%#&"#"

/#) 315,(3(15-) ,- &5 ,-H#%- ?"&3%M?-"1 ($+15(-5,1 # /1) (5%-/-3U

%&#/-) &5# $#5-"# 31$S5 ,- 0#H/#"@ /# ,- /1) 0()%1"(#,1"-)8 <GN1%#",

CXcED CCF8

[5 +#"#/-/1 # -)%- 315%-V%1 3&/%&"#/@ /1 L&- -)%#H# %-5(-5,1 /&'#" -5 -/K$H(%1 ,- /# -3151$M# -"# &5# +"1'"-)(7# %"#5)?1"$#3(O5 ,- &5 )()%-$#3#+(%#/()%# L&- 51 +1,M# )-'&(" ?&53(15#5,1 # 5(7-/ 5#3(15#/8 G# -V+#5)(O5,-/ 3#+(%#/ 5-3-)(%#H# ,- ?"15%-"#) $K) +-"$-#H/-) ,-5%"1 ,- &5 1",-5+1/M%(31 I/-'#/J L&- +&)(-"# $-51) %"#H#) #/ $17($(-5%1 ,-/ ,(5-"18 [) #)M

31$1 -/ $&5,1 )- ?&- //-5#5,1 ,- ,-$13"#3(#)@ &5#) 71/&5%#"(#) N 1%"#)($+&-)%#) <])- +&-,- ($+15-" &5# ,-$13"#3(#^F@ N ?&- #)M %#$H(.5 31$1/# ,()3&)(O5 L&- 0#HM# )-"7(,1 0#)%# -5%153-) +#"# 1",-5#" /# 0()%1"(#@ -/

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AÈ



-5?"-5%#$(-5%1 (,-1/O'(31 -5%"- ,1) )()%-$#) -315O$(31)@ 3#+(%#/()$1?"-5%- # )13(#/()$1@ )- %"#5)?1"$O -5 &5 ,-H#%- -5%"- ,1) ?1"$#) ,-

'1H(-"51@ ,(3%#,&"# ?"-5%- # ,-$13"#3(#@ ,15,- /# +"($-"# ?&- (,-5%(?(3#,#315 1+"-)(O5 N 7(1/-53(#@ N /# )-'&5,# 315 /(H-"%#,@ -5 &51) %."$(51)%#$H(.5 )1)+-301)#$-5%- $#5(L&-1)8 G# 0()%1"(# ,->O ,- 315%#")- -53/#7- (,-1/O'(3# +#"# $17-")- 0#3(# -/ %-""-51 ,- /1 0&$#5(%#"(1@ ,- /1),-"-301) 0&$#51)@ L&- )- )(%&#"15 +1" -53($# ,- /1) ,-"-301) )13(#/-)@ -),-3("@ +1" -53($# ,- /1) [)%#,1) N /#) 5#3(15-)8 W# 51 +#"-3M# ($+1"%#"%#5%1 -/ )-" -&"1+-1 ,-/ [)%- 1 ,-/ f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h -) -/ /&>1 ,- +1,-" 3"--")- I/(H"-J@ )(5 5#3(15#/(,#,@)(5 0()%1"(# N )(5 $(%1)8 6(-5%"#) L&- -/ ,-H#%- +1/M%(31 # 5(7-/ $&5,(#/ )-,-)+/#Q# 0#3(# /1) ,-"-301) 0&$#51)@ -) ,-3("@ /1) ,-"-301) L&- )-

#,L&(-"-5 +1" %-5-" &5# .0$,&02'60 <0&$#5#F@ L&- )- )(%S# 31$1 %#/ 5#%&U"#/-Q# +1" -53($# ,- /# 0()%1"(# +1/M%(3#@ /1 L&- "-#/$-5%- )('&(O ?&53(1U5#5,1 )15 /1) ,-"-301) 3(7(/-)@ #,L&("(,1) # /1 /#"'1 ,- &5# 0()%1"(# -5 /#L&- +131)@ +1" +&,1"@ )- L&(-"-5 )-5%(" 7-53-,1"-)8

[5 -/ 3#)1 ,- [)+#R#@ L&- )#/M# ,- &5# ,(3%#,&"# $(/(%#"@ 51 -) ,(?M3(/"#)%"-#" -)- K5($1 ,- I51"$#/(Q#3(O5J 31$1 &5# ?1"$# ,- -5%-5,-" )&+#)#,1 "-3(-5%- N -)- 3#+M%&/1 #5%-+-5S/%($1 L&- ?&- /# k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

[5 :2 &'-,'&+% +'2 ;&'#'.$' l("51 <ABBmF@ "-%1$#5,1 # n-"')15@ #+/(3# # /#0()%1"(# )13(#/ /1) $-3#5()$1) ,- "-31513($(-5%1 ,-/ +"-)-5%- 31$1 &5

A`c 2)3#" 41"5#'1



$1$-5%1 N# 7(7(,18 T-'S5 -)%1@ -/ +"-)-5%-@ %#$H(.5 -/ +"-)-5%- 0()%O"(31@)- ,->#"M# 7-" 31$1 ($+1)(3(O5 ,- &5 +#)#,1D IT- )(-5%- L&- )- -/('- N )-

L&(-"-@ +-"1 )- -/('- #/'1 ($+&-)%1 N )- L&(-"- #/'1 (5-7(%#H/-J@ ,(3-n-"')15 -5 &5# 3(%# "-3&+-"#,# +1" l("51 <ABBmD CEF8 !- ('&#/ $#5-"#@ /#0()%1"(# )- 0#"M# +"-)-5%- 31$1 -/ 3&$+/($(-5%1 ,- &5 '&(O5 +"-7(#$-5%-?(>#,1@ &5 #3%1 ,- "-+-%(3(O5@ +-"1 "-+-%(3(O5 ,- L&.h I-5 3153"-%1 _)-+"-'&5%# -/ ?(/O)1?1 (%#/(#51_@ ]L&. 31)# -)%K +"-)3"(%# -5 -)%- '&(O5^@]3&K/-) )15 /1) #3%1) L&- -)%#$1) )(-$+"- +1" "-+-%("^@ ]3O$1 )- #"%(3&/#-/ ($+-"(1)1 +#)#,1 #/ 3&#/ ,-H-$1) 315?1"$#"51) -5 5&-)%"# -V()%-53(#,- -+M'151)^ [) ($+1)(H/- "-)+15,-"J <l("51 ABBmD aCF8

G# 0()%1"(# 51 0# ,->#,1 ,- ,-$1)%"#" L&- 51 )- -)3"(H- 31$1 &5 #3%1($+1)(H/- ,- "-3&+-"#3(O5@ 31$1 # $-5&,1 )- +"-)-5%#@ +-"1 %#$+13131$1 /# "-+-%(3(O5 ,- &5 +#)#,1 L&- 7&-/7- &5# N 1%"# 7-Q@ 31$1 315?"-3&-53(# )- /# L&(-"- -5%-5,-"@ )(51 31$1 &5# ?1"$# ,- 0#3-" 7(#H/- &5+"-)-5%-@ ,- ,#" 3&-5%# ,- &5 +#)#,1 L&- ,. &5 )-5%(,1 #/ $1$-5%1#3%&#/@ #/ #L&M N #01"# ,-),- -/ L&- )- -)%K -)3"(H(-5,18 [5 -)%- )-5%(,1@%1,1 (5%-5%1 ,- 315)%"&33(O5 ,- &5# 0()%1"(# %(-5- &5# 3(-"%# ,($-5)(O5+1/M%(3#8 Y1" -)1 /#) 0()%1"(#) -)%K5 3#"'#,#) ,- +"-)-5%-@ ,- &5 +"-)-5%-

-)3.5(31 _+"#'$K%(31_@ 1 51 -)%K5 3#"'#,#) ,- 5#,#8 T- -)3"(H-5 +#"#0#3-")- 3#"'1 ,- &5 $1$-5%1 #3%&#/@ +#"# >&)%(?(3#" &5 #L&M N #01"# )1H"-&5# /-3%&"# ,- /1 L&- 0# +#)#,1 #5%-) N -5 ?&53(O5 ,- &5# +"1N-33(O5 ,-?&%&"18 ;015,#5,1 -5 -)%1@ n-5>#$(5@ 0()%1"(#,1" $#%-"(#/()%#@ (5)()%- -5L&- %1,# 0()%1"(# -)@ -5 +"($-" /&'#"@ /# 0()%1"(# ,- &5 +"-)-5%-h #&5 )(-5,1/# 0()%1"(# ,- &5 +#)#,1 "-$1%1 //-7# (5)3"(%1) /1) %"#Q1) ,-/ +"-)-5%-,-),- -/ L&- )- 315)%"&N-@ -/ '-)%1 ,- &5# $("#,#8

41$1 ,()+1)(%(71 -)3.5(31@ /# 0()%1"(# %#$H(.5 7# # ,->#" -5 /# 1)3&"(,#,#L&-//1 L&- -)3#+# # )& $("#,#8 T-"K5 /1) "-)%1) ,-/ +#)#,1@ -+M'151) ,-7#5'&#",(#) %"#)5130#,#)@ 31$1 -5 13#)(15-) )- 3#/(?(3#"15 #/'&5#)+"1+&-)%#) %-#%"#/-) ,- 3#"K3%-" I-V+-"($-5%#/J %1,#7M# # 31$(-5Q1) ,-/1) #R1) 517-5%#@ #5%-) ,- L&- /# 3(%#,# 51"$#/(,#, 31$-5Q#"# # 3#-")- -5+-,#Q1)8 ; -)%1 $K) 1 $-51) )- "-?(-"- =1,"('1 9#"3M# <CXXcF 3&#5,1#/'&(-5 /- "-3&-",# L&- /1 L&- ./ -)%K 0#3(-5,1 N# )- 0(Q1D I6- ,(>-"15 &5,M#D -)1 N# 0# ?"#3#)#,1@ -)# "-71/&3(O5 N# 0# ?"#3#)#,18 G# 0(3($1) 51)1U%"1) N +-",($1)8 j)%-, L&- -) >17-5 51 +&-,- )-'&(" +-5)#5,1 #)MJ8 ; /1

L&- "-)+15,- ,(3(-5,1 L&- I-/ )-5%($(-5%1 ,- 1+"-)(O5@ ,- $#)(?(3#3(O5L&- 0#N L&- 31$H#%(" -) -/ $()$1 -5 -/ ?15,1@ /1 L&- 3#$H(# -) /# $#5-"#,- #3%&#"J8 Y#"-3- ,(?M3(/ #?("$#" L&- -/ )-5%($(-5%1 ,- 1+"-)(O5 ?&-)- -/

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# A`X



$()$1@ /1 L&- )M 0#N L&- #3-+%#" -) L&- -V()%M# &5 )-5%($(-5%1 ,- 1+"-U)(O5@ N L&- )( # /# #/%&"# ,- /1) #R1) 130-5%# %1,#7M# 51 -"# ?K3(/ ,- 7-" -5

#/'&51) -)+#3(1) )13(#/-)@ # /# 7&-/%# ,- &5# ,.3#,#@ N# # ?(5#/-) ,- /1)517-5%# -)- )-5%($(-5%1 )- 3157("%(O -5 ,()3&")1 1?(3(#/@ (5'"-)O -5 /#0()%1"(#@ -5 1%"# 0()%1"(# $K)8

G# 0()%1"(# 71/7(O@ 3(-"%#$-5%-@ +-"1 51 31$1 )- -)+-"#H#@ -5 ?1"$# ,-+"13-)1 ,- 51"$#/(Q#3(O5@ )(51 ,- /# S5(3# $#5-"# L&- +&-,- 71/7-"@ -5?1"$# ,- #33(,-5%-@ # $1,1 ,- 3#%K)%"1?-8 Y1" -)1 "-)&/%# &5 +131 (5'-5&1@3&#5,1 51 (5%-"-)#,1 N -5 %1,1 3#)1 $&N "-+"-)-5%#%(71@ #L&-/ #"'&$-5%1L&- #+"17-30#5,1 /1 ,- /# 51"$#/(Q#3(O5 )- %"#%O ,- ,(7&/'#" +1" /1)$-,(1) %-#%"#/-) # +#"%(" ,- /1) 130-5%#D <=0 7,'2$% '2 $'>$%?@ <=0 7,'2$% '2 $'>$%? h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

-) ,-/ S5(31 $1,1 -5 L&- /# 0()%1"(#@ 31$1 /1) #33(,-5%-)@ 13&""-58

[5%"- /# ,($-5)(O5 )13(#/ ,- /# 0()%1"(#@ 31+#,# +1" #3%1"-) (5)%(%&3(15#/-)@N -/ (5,(7(,&1 )- 7# #H"(-5,1 $#N1" ,()%#53(#8 G# 0()%1"(# 5#3(15#/ L&-,#3157-"%(,# -5 &5 $15&$-5%1 # /# $-$1"(#@ &5 ?-)%->1 ,- "-3&+-"#3(15-),-/ +#)#,1 #$15%15#,#) )1H"- /# +#"K/()() ,-/ +"-)-5%-8 W# /1 +"-,(>1Z(-%Q)30-@ N l("51 <ABBmD AAF /1 "-3&-",#D -/ -V3-)1 ,- $-$1"(# 51 ,-># ,-3#&)#" &5 ,#R1 # /# 7(,#8 [/ 3(&,#,#51 )- 3157(-"%- -5 -)+-3%#,1" ,- )&+"1+(# 0()%1"(#@ 3157-"%(,# -5 $15&$-5%1) L&- ,-31"#5 -/ -)+#3(1+SH/(31h &5 $15&$-5%1 ?"-5%- # 1%"1 $15&$-5%1@ -/ L&- $("# ?"-5%- #/1H>-%1 $("#,18 ]4&K/ -) -/ -)+#3(1 L&- L&-,# +#"# &5# #33(O5 L&- 51 )-#/# ,- 315%-$+/#"^ [/ (5,(7(,&1 31$1 -+M'151 ,- )& +"1+(# 3#+#3(,#, ,-)-"@ ,- #3%&#"@ ,(3- l("51 <ABBmD aCF8 [/ +SH/(31 31$1 $-%K?1"# S/%($# ,- /1)13(#/h /# $("#,# 31$1 #33(O5 +1" -V3-/-53(#@ N ,-)+&.) -/ #+/#&)1 # &5#0()%1"(# -5 /# L&- 5#,(- )- -53&-5%"# "-+"-)-5%#,1@ &5# 0()%1"(# )(5+"-)-5%-@ -) ,-3("@ )(5 -)+#3(1@ ,15,- )O/1 0#N +#)#,1 N $()#) +#"#"-31",#"8 [5 -/ #/%#" ,- /# 0()%1"(# 1?(3(#/ -/ 3(&,#,#51 ,- # +(- 51 -53&-5%"#

)& /&'#"8 ;/ //-'#" # 3#)# )- L&(%# /# $K)3#"# ,- 01$H"- +SH/(31 N )- $("##/ -)+->18 ;0M -) 3&#5,1 6#"%# 9#/K5@ -5 A&0.#"270."0 BCDE4. /'/%&"0/@&5# 1H"# ,-/ ABBa@ ,(3- #L&-//1 ,- L&- I51 %-5'1 5#,# L&- "-31",#"J@ /1

AEB 2)3#" 41"5#'1



L&- +1,"M#$1) 31$+/-%#"@ 31$1 )- ,(3- #/ ?(5#/@ -5 I51 %-5'1 5#,# ;FG2"-% L&- "-31",#"J@ 5#,# L&- +&-,# //-'#" # %-5-" &5 (5%-".) ,-5%"1 ,- -)-

+#()#>- ,- /# 0()%1"(# 1?(3(#/D

6- >1,1

Z#,(- #%-5%O 315%"# $() /(H-"%#,-)

51 $- 0#5 ,#,1 01)%(#) 5( /# +1/(3M# 5( $( +#,"-

51 $- 0#5 $-%(,1 -5 /# 3K"3-/ +1" +-5)#"

51 +#)O 5(5'&5# "-71/&3(O5 +1" $( /#,1

51 0- 7()%1 $1"(" # 5#,(- +1" 3#5%#"

5&53# +#). 0#$H"-

5&53# 7(5(-"15 # H&)3#"$-8

6- >1,18

6( $-$1"(# 51 )("7- +#"# 5#,#8

Z1 /- (5%-"-)# # 5#,(-8

;'&# ,- H1""#>#)8

W1 51 %-5'1 5#,# +SH/(31 L&- "-31",#"8

G# ,-)315-V(O5 ,-/ )&>-%1 315 /# 0()%1"(# %(-5- L&- 7-" 51 )O/1 315 /# %#5

3(%#,# 3"()() ,- /# "-+"-)-5%#3(O5@ )(51 %#$H(.5 315 -/ )-5%($(-5%1 ,- 51+-"%-5-53(# # &5 -)+#3(1 3153"-%18 T( /# 0()%1"(# 5#3(15#/ 0# L&-,#,1 +-%"(U?(3#,# -5 &5 $15&$-5%1 # /# $-$1"(#@ /# ,- ?&-"#@ /# ,-/ $&5,1 -V%-"(1"@)- 0# 3157-"%(,1 -5 &5# ($#'-5 1H)-"7#,# -5 &5# +#5%#//#8 !%/% ;%2"$"-,# @,- i-"5#5,1 =-5>(?1 <ABBcD m`BF@ %1$# 31$1 +&5%1 ,- +#"%(,# -)- ?"#3#)1,- /#) "-+"-)-5%#3(15-)@ L&- -) %#$H(.5 -/ ?"#3#)1 ,- &5# 0()%1"(# ,- /# L&-5#,(- )- 0#3- 3#"'1D

[/ +"M53(+- d#$/-% 0#3- "-+"-)-5%#" # /1) 3O$(31) ,-/#5%- ,- )&

$#,"- N ,-/ #$#5%- ,- )& $#,"-@ -/ 3"($-5 L&- 31$-%(-"158

G1) #)-)(51) )- /-7#5%#5 N )- 7#58

41"%#5 /# "-+"-)-5%#3(O58

[/ +"1H/-$# ,- 01N -5 ,M# -) L&- 5#,(- )- ,# +1" #/&,(,1 ,- 5#,#8

W -)%1 -) -/ ?(5 ,- /# +1/M%(3#@ /1 $K) #+1/M%(31 L&- -V()%-8

[/ ?(5 ,- /# +1/M%(3# -)%#"M# /('#,1 # &5 %(+1 ,- "-+"-)-5%#3(O5 L&- 0# ,->#,1,- "-+"-)-5%#"8 Z1 -) 3#)&#/(,#, L&- ["(e l1-'-/(5 #H"# H0 .,'70 -"'.-"0 +'20 ;%2I$"-0 "-/#3(15#5,1 -)%# 315 &5# ,-%-"$(5#,# %-1"M# ,- /# 0()%1"(#@ N -)%#

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AEC



# )& 7-Q 315 &5 $1,1 ,- -5%-5,-" /# "-+"-)-5%#3(O58 Y1/M%(3#@ 0()%1"(# N"-+"-)-5%#3(O5@ #+#"-3-5 31$1 %"-) ,($-5)(15-) -5%"-/#Q#,#)8 G# ,-$1U

3"#3(#@ 31$1 )()%-$# +1/M%(31@ %(-5- L&- 7-" +1" %#5%1 315 &5# $-3K5(3# ,-"-+"-)-5%#3(15-) L&- %#$H(.5 #$-5#Q# 315 0#H-" 0-301 L&(-H"#8 \5)%(%&U3(15-) L&- 51 "-+"-)-5%#5 # )&) 3(&,#,#51) - (5,(7(,&1) L&- 51 )- )(-5%-5"-+"-)-5%#,1)8 [5 /&'#" ,- /1) 3(&,#,#51)@ 0#5 5#3(,1 /#) 31"+1"#3(15-)31$1 (5%-"/13&%1"-) ,-/ '1H(-"518 [)%# -) /# %-)() ,- T0-/,15 o1/(5 <ABBcF -51'/%-&0-"0 JK LK@ ,15,- #5#/(Q# -/ ?&53(15#$(-5%1 0()%O"(31 ,- /# ,-$1U3"#3(# -5 [)%#,1) j5(,1) N )& -71/&3(O5 0#3(# &5 $1,-/1 ,- ,-$13"#3(#),("('(,#) L&- ($+/(3#5 &5# )&-"%- ,- %1%#/(%#"()$1 (57-"%(,18

T(5 -$H#"'1@ # $-,(,# L&- -)# ,-)7(53&/#3(O5 )- 0#3- $K) +#%-5%-@%#$H(.5 -) $K) &"'-5%- /# 5-3-)(,#, ,- #)&$(" &5# 0()%1"(# L&- )- 7(-5--53($# -5 ?1"$# ,- 3#%K)%"1?-@ 3&#5,1 /# I51"$#/(,#,J 51 +&-,- )-'&(")1)%-5(.5,1)-8 41$1 -V+/(3# -/ '-O'"#?1 p#"/ T30/q'-/ <ABBEF@ /#) 3#%K)U%"1?-) 0#3-5 7()(H/- -/ -)+#3(1 -5 -/ L&- 13&""-58 4&#5,1 )&3-,- -/ %-""-U$1%1@ +#)# # 31513-")- -/ )(%(1 ,15,- 13&""(O8 [/ -)+#3(1 )- 3157(-"%- -551%(3(#8 !- ('&#/ $1,1@ /#) 3#%K)%"1?-) +1/M%(3#) ,->#5 7-" L&- -/ -)+#3(1)('&- -V()%(-5,1@ -/ -)+#3(1 #%"#7-)#,1 +1" /# 0()%1"(#8 4153-+%1) 31$1

I'&-""# (/-'#/J 1 I,#R1) 31/#%-"#/-)J@ ,(?&5,(,1) # "#MQ ,- /1) 315?/(3%1) H./(31) L&- )- 0#5 (,1 )&3-,(-5,1 # /1 /#"'1 ,- /1) #R1) 517-5%#@ 31$-5UQ#5,1 315 /# 9&-""# ,-/ 91/?1@ -5 CXXB@ 0#)%# %-"$(5#" 315 /# 13&+#3(O5,- \"#e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

41$1 -/ #)-)(51 ,- &5# +-/M3&/# ,- %-""1"@ -/ "1)%"1 ,- /# 0()%1"(# 7&-/7- ##+#"-3-" -5 /# -)3-5# ?(5#/@ 3&#5,1 )- 3"-M# L&- N# 0#HM# $&-"%18 ;0M )-

AEA 2)3#" 41"5#'1



,-># 7-" 5&-7#$-5%- /# $#51 -$+&R#5,1 -/ 0#30#8 G# ,(?-"-53(# -) L&- -5/# +-/M3&/# -) )O/1 &5 $#/ )&-R18 G# 30(3# ,-)+(-"%# N /# +-)#,(//# #3#H#8 [5

/# "-#/(,#, 51 %-5-$1) 1%"1 $1,1 ,- ,-)+-"%#" L&- 51 )-# -5 -/ )-5%(,1 -5-/ L&- /1 +"1+15- n-5>#$(5@ 31$1 -/ (5)%#5%- ,- &5# (/&$(5#3(O5 L&- %-)#3#@ +1" &5 $1$-5%1@ ?&-"# ,- /# 0()%1"(# +#"# ,->#" 7-" )& )-5%(,1@ #L&MN #01"#8 G# 0()%1"(# )- 0# 3157-"%(,1@ 31$1 ,-3M# n-5>#$(5 #3-"3# ,- /#7()(O5 ,-/ ;5'-/&) Z17&)@ -5 &5 -53#,-5#$(-5%1 ,- 3#%K)%"1?-)h /1 L&- 0#3#$H(#,1 -) /# "-/#3(O5 %-$+1"#/ 315 -)# %1"$-5%# L&- )#/M# ,-/ +#"#M)1@L&- #H)1"HM# #/ r5'-/ 0#3(# -/ ?&%&"1 N L&- )- //#$#H# I+"1'"-)1J8 [)%#,($-5)(O5 %-$+1"#/ L&- 0# 3#$H(#,1 -) /# L&- 51) 0#3- 7-" L&- /# 0()%1"(#51 -) )O/1 &5# 3#%K)%"1?- -5 %(-$+1 +#)#,1@ )(51 &5# 3#%K)%"1?- +-"$#U5-5%-@ L&- -)%K 13&""(-5,1 #L&M N #01"#@ -5 %(-$+1 +"-)-5%-8 !-),- /# "#,(U3#/(,#, ,- -)%- +"-)-5%- 31$+#"%(,1 -) ,-),- ,15,- /# -)3-5# 315%-$U+1"K5-# %"#%# ,- 0#3-")- 3#"'1 ,- &5 +#)#,1 L&- 51 )#H- 3O$1 0#3-"+SH/(31@ +-"1 L&- )- /- 7(-5- -53($#8

]4O$1 0#3-")- 3#"'1 ,- -)%# 5&-7# 0()%1"(# L&- 51 )&3-,- -5 5(5'S5/&'#"@ N L&- )&3-,- -5 %1,1) # /# 7-Q^ ]Y1" ,O5,- -$+-Q#"^ b&(QK +1" /#+#/#H"#@ -)# L&- -$+(-Q# # "-)15#" -5 /1) -)3-5#"(1) # $-,(,# L&-

#7#5Q#5 /1) #R1) 517-5%#@ &5# +#/#H"# H(1'"K?(3#@ -5 +"($-"# +-")15#@ &5#+#/#H"# ,(30# #L&M N #01"#@ /# +#/#H"# 31$1 &5 $1,1 ,- #33(O5h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d()%1"(#N -/ (5,(7(,&1@ -5%"- -/ #"%()%# N )& 0()%1"(#8

; 31$(-5Q1) ,- /1) #R1) 130-5%#@ )#/(-5,1 %#$H(.5 ,- #L&-//#) ,.3#,#) ,-"-71/&3(15-) N ,()3&")1) #3-"3# ,- /# 0()%1"(#@ ;/#(5 n#,(1& <ABBEF )-"-?-"M# #/ I"-%"#)1 ,- /1) +"1?-)(15#/-)@ -/ ,-)0-"-,#$(-5%1 ,- /1) #3%1"-)J

%"#) /# 3"()() ,- 3#%-'1"M#) +1/M%(3#) 3/K)(3#) L&- 0#HM#5 ,->#,1 ,-?&53(15#"@ #/ $-51) 315 /# -?(3#3(# L&- %&7(-"15 -5 1%"1 $1$-5%18 n#,(1&51 )- "-?-"M# # /1) #3%1"-) %-#%"#/-)@ 3/#"1@ )- "-?-"M# # /1) #3%1"-) )13(#/-)@

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AEm



+-"1 L&(QK /# #?("$#3(O5 )- +1,"M# 0#3-" -V%-5)(H/- %#$H(.5 # /1) #3%1"-)#"%M)%(31)8

G#) ,-$13"#3(#) <(,-5%(?(3#,#) 315 &5# 3153-+3(O5 ,- I/(H-"%#,J 7#3(#,#,- (,-1/1'M#F@ 0#5 %-"$(5#,1 13&+#5,1 -/ +&-)%1 L&- %-5M# #5%-) /# (,-# ,-I+"1'"-)1J 31$1 $1%1" ,- /# 0()%1"(#8 G/-'# &5 $1$-5%1 -5 L&- -)%-3153-+%1 #,L&(-"- &5# -)+-3(- ,- ,($-5)(O5 %-/-1/O'(3# <I0(+1)%#%(Q#3(O5#3"M%(3#J@ ,(3- n-5>#$(5 -5 :2 2"G&% +' 2%# ;0#0M'# @ Z Cm@ CF@ 31$1 ,- ?(5#/ ,-7(#>- -5 -/ L&- /1) 315?/(3%1) )- "-)1/7-"M#58 Y-"1 -/ 7(#>- #3#HO N /1)315?/(3%1) 51 )- "-)1/7(-"158 Z1) L&-,#$1) 315 /1) 315?/(3%1)@ 315 -)#7(1/-53(# # /# L&- )- "-?-"M# =1,"('1 9#"3M#@ +-"1 )(5 &5 )()%-$# ,- "-+"-U)-5%#3(O5 L&- ,. 3&-5%# ,- -//1)@ L&- 51) #N&,- # 1",-5#"/1)@ 1 #/ $-51)# 7-" ,O5,- -)%#$1) ?"-5%- # -)1) 315?/(3%1)@ ,O5,- )(%&#"51)8

[) #0M ,15,- "-#+#"-3- 5&-7#$-5%- /# -)3-5#@ 31$1 &5# -)+-3(- ,- H"S>&/#+#"# )(%&#")-@ 51 N# -5 -/ %(-$+1@ )(51 -5 -/ -)+#3(1@ &5# $#L&(5#"(#@ 51 N#+#"# 315)%"&(" 1 ,-315)%"&(" 0()%1"(#)@ )(51 +#"# 7-" ,O5,- -)%K) %S N,O5,- -)%1N N1@ N )1H"- -)# ,($-5)(O5 I,"#$#%S"'(3#J <-) ,-3("@ -)+#3(#/F@%"#%#" ,- "-3&+-"#" &5# 3(-"%# "-/#3(O5@ &5 01"(Q15%- 0()%O"(31@ #&5L&- )-#

,- 315?/(3%1@ <1 )1H"- %1,1 )( -) ,- 315?/(3%1F8

=-3&+-"#" -/ -)+#3(1 +#"# 71/7-" # 0#3-" +1)(H/- /# 0()%1"(#h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s #3%&#5,1?"-5%- # /# 0()%1"(#@ ?"-5%- # )& 0()%1"(#8 [) -5 -)- #L&M N #01"#@ >&)%1 -5 -/$1$-5%1 ,- %-5-" L&- 0#3-" /# 0()%1"(#@ ,- %-5-" L&- -5?"-5%#")- #/+#)#,1@ ,-),- &5 +"-)-5%- 3153"-%1@ L&- -)# 0()%1"(#@ %1,#7M# )(5 5#3-"@,-># ,- )-" )O/1 &5 ,()3&")1 1 &5 "-/#%1@ +#"# 3157-"%(")- -5 &5# 5-3-)(,#,L&- 51 )- )#H- H(-5 3O$1 #?"15%#"8

t&#5 !1$M5'&-Q@ L&- +#)O ,- ?1"$#" +#"%- ,- /# 0()%1"(# ,- /# ,#5Q# 31$1

H#(/#"M5 # 0#3-" )& +"1+(# 0()%1"(# 31$1 +-")15# ?"-5%- # /# ,#5Q#@ )-"-?-"M# # -)1) #R1) 130-5%# 31$1 &5 %(-$+1 -5 -/ L&- 5#,(- %-5M# $&30#)'#5#) ,- )-'&(" ,()3&%(-5,1 -/ +#)#,1@ %1,#) -)#) 0()%1"(#) ,- ,(3%#,&"#)

AEa 2)3#" 41"5#'1



N ,(3%#,1"-)@ +#"# 3-5%"#")- -5 &5 +"-)-5%- 7(7(,1 31$1 &"'-53(#s&"'-53(# )1H"- %1,1 +#"# 0&(" ,- -)- +#)#,1 '"()8 [5 /1) 130-5%#@ ,-3M#

t&#5 !1$M5'&-Q@ I51)1%"1) ."#$1) >O7-5-)@ %"#%KH#$1) ,- ,(7-"%("51) /1$K) +1)(H/-@ )(5 -/ u31R#Q1v ,- /1) L&- 0#HM#5 )&?"(,1 # i"#5318 w"#$1)%1%#/$-5%- #5%(+1/M%(31)@ +-"1 +1" -)1 %#$H(.5 $&N +1/M%(31)J <41"5#'1ABBcD Cg`F8

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

Y1/M%(3#) ,- /# "-+"-)-5%#3(O5 L&- 0#5 ,->#,1 ,- )-"7(" 31$1 "-+"-)-5%#U3(15-) ,- /# +1/M%(3#h -5%153-) -) 3&#5,1 )- 0#3- $K) &"'-5%- /# "-3&+-"#U3(O5 ,- &5 -)+#3(1 31$1 +"($-" +#)1 +#"# %"#%#" ,- 1"(-5%#")-@ +#"# %"#%#"

,- 31/13#")- ?"-5%- # /# )13(-,#,@ -) ,-3("@ ?"-5%- #/ +SH/(31@ ?"-5%- #/ 1%"1@?(5#/$-5%- ?"-5%- # &51 $()$18 [/ 315?/(3%1 -) )1H"- %1,1 -/ 315?/(3%1 ,-&5# +"#'$K%(3# ,- /# 31$&5(3#3(O5D IN1 -)%1N #L&M@ 71)1%"1) -)%K() #0MJ@,(3- =1H-"% p"#$-" -5 N'&2". BOEPO @ -53-""#,1 -5 -/ "-,&3(,1 -)+#3(1 ,-&5 3&#"%1 ,- H#R1@ 3#"# # 3#"# 315 /# 3K$#"#h N )1H"- -)# +"1V($(,#, )-3"-# &5 315?/(3%1 -)+#3(#/ L&- )- (5%-""1'# #3-"3# ,-/ /&'#" ,- &51) N ,-1%"1)8

[/ 315?/(3%1 (5%-"51 L&- #5%-) 1+-"#H# -5 %1"51 # /# +1)(H(/(,#, 1 ($+1)(U H(/(,#, ,- /# "-+"-)-5%#3(O5@ L&- ,- #/'&5# $#5-"# "-?/->#H# /# +1)(H(/(,#,1 ($+1)(H(/(,#, ,- /# 0()%1"(#@ #01"# )- '("# +#"# #+&5%#" #/ +SH/(31@ #/%(-$+1 L&- ,-># 7-" %#$H(.5 /# +1)(3(O5 ,-/ 3"-#,1"@ 315)%"&N-5,1 #)M &5-)+#3(1 )(5'&/#" ,- %"#H#>18 G# ,()3&)(O5 )1H"- /1) /M$(%-) ,- /# "-+"-)-5U%#3(O5@ L&- #%"#7-)O &5# H&-5# +#"%- ,- /# 0()%1"(# ,- /# 61,-"5(,#,@L&-,# #01"# "-315)(,-"#,# ,-),- -)%- 1%"1 /&'#" ,"#$#%S"'(318

i(>.$151) -5 &5 ->-$+/1 3153"-%18 G1) +-")15#>-) ,- p#5%1" 71/7M#5 ,- /#

0()%1"(#@ ,- /# \\ 9&-""# 6&5,(#/@ 71/7M#5 3157-"%(,1) -5 #3%1"-)@ -5 $#/1)#3%1"-)@ #3%1"-) L&- 1/7(,#H#5 )&) +#+-/-)@ L&- )- ,()+-")#H#5@ L&-31$-5Q#H#5 # 0#3-" 3&#/L&(-" %15%-"M#@ $1)%"#H#5 -/ 3&/1 1 )- /($+(#H#5

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AEg



/1) +(-)@ #3%1"-) L&- &)&"+#H#5 -/ +#+-/ ,- +-")15#>-) 0()%O"(31)@ #3%1"-)@-5 )&$#@ L&- %"#(3(15#H#5 /# 0()%1"(# 315 )&) (""-7-"-53(#) N ?#/%# ,- ,()3(U

+/(5#@ L&- %"#(3(15#H#5@ +1" %#5%1@ /# "-+"-)-5%#3(O58 [5 /# 1H"# ,- p#5%1"@/# 0()%1"(#@ 31$1 /# $-$1"(#@ )- 315)%"&N- 31$1 &5 &$H"#/ ,- ,()+-")(O5N 1",-5#3(O5 ,-/ +#)#,1 )1H"- )M $()$1@ &5 +#)#,1 L&- +#"-3- L&- 51#7#5Q#8 T1H"- -)- +#)#,1 /# $("#,# ,- p#5%1"@ 31$1 $#-)%"1 ,- 3-"-$1U5(#)@ %-)%('1 ,- )& +"1+(# 0()%1"(#@ +-")15#/ N +1/M%(3#@ &5# 0()%1"(# L&- +1"$1$-5%1) +#"-3- -)3#+#")-@ #&5L&- 51 #)M /# 315)%"&33(O5 ?1"$#/ )1H"- /#L&- )- /-7#5%#@ L&- -)%K +-"?-3%#$-5%- ,-?(5(,# -5 %."$(51) -)3.5(31)8 [/+SH/(31 #)()%- -V%"#R#,1 # -)%- -)+-3%K3&/1 ,- 315?/(3%1 -5%"- -/ 3"-#,1" N)& 0()%1"(#@ -5%"- /# $-$1"(# N -/ +"-)-5%-@ N -5 -/ -)+#3(1 7#3M1 L&- 3"-3--5%"- &5# N 1%"# 1"(//# )- 7- #%"#+#,1 -/ -)+-3%#,1"8

G# $("#,# ,- p#5%1"@ ,-),- -/ +"-)-5%- 315)%"&(,1 # /1 /#"'1 ,- /# "-+"-U)-5%#3(O5@ -) 31$+#"#H/- 315 #L&-/ '-)%1 ,-/ r5'-/ ,- n-5>#$(5 #/ 71/7-"-/ "1)%"1 0#3(# #%"K)8 ;$H1) )- '("#5 0#3(# -/ +#)#,1 N 7-5 &5 -53#,-5#U$(-5%1 ,- 3#%K)%"1?-) L&- //-'# 0#)%# -/ +"-)-5%-8

[)- -)%#,1 I-V3-+3(15#/J -5 -/ L&- p#5%1" ,-)+/(-'# )&) "-+"-)-5%#3(15-)@

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

[5%153-) 31$(-5Q# /1 L&- o1/(5 <ABBcF //#$# /#) I,-$13"#3(#) ,("('(,#)J@&5 3153-+%1 -5 )M $()$1 315%"#,(3%1"(1@ 1 -/ I%1%#/(%#"()$1 (57-"%(,1J@)()%-$#) -5 /1) L&- # /# (,-# ,- +#"%(3(+#3(O5 ,-$13"K%(3# )- /- #R#,- /#(,-# ,- &5 I)&+-"+1,-"J@ L&- ($+/(3# /# +"1N-33(O5 ,-/ +1,-" 0#3(# ?&-"#8[) &5 +1,-" (5,-%-"$(5#,1@ L&- 7# $K) #//K ,- /#) /-N-)@ ($+#3(-5%- 315/1) /M$(%-) -5 )& 5-3-)(,#, ,- ($+15-")-8 =-+"-)-5%# /# #5%M%-)() ,-/I+1,-" 315)%(%&3(15#/J@ +-"1 )(5 -/ +"($-"1 51 -V()%("M#8

G1) -&"1+-1) ,- /1) #R1) 517-5%#@ 31$1 ,(3- =1,"('1 9#"3M# -5 #/'&5#) ,-)&) 1H"#)@ N# 51 7&-/7-5 ,- /# '&-""# <51 7&-/7-5 ,- /# 0()%1"(#F8 G1)I#3%1"-)J@ 51 )O/1 -)3.5(31)@ )(51 %#$H(.5 )13(#/-)@ ,- -)%- 5&-71 -)3-U

AE` 2)3#" 41"5#'1



5#"(1 L&- )- 7# 315?('&"#5,1 ,-),- /1) #R1) 517-5%#@ 51 7(-5-5 ,-5(5'&5# +#"%-@ +1"L&- -)%K5 N# #0M@ -5 -/ -)3-5#"(1@ ,-),- )(-$+"-@ -)+-U

"#5,1 #/ +SH/(31 +#"# -$+-Q#" /# 1H"#@ +#"# 0#3-" /# 1H"# 315 -/ +SH/(318G# "-)+15)#H(/(,#, )- ,-)+/#Q# 0#3(# -/ +SH/(31@ 0#3(# /1 +SH/(31@ 31$1-)%"#%-'(# +#"# )#/7#" #/ (5,(7(,&1 ,- /# ,-""1%# ,-/ +"1N-3%1 )13(#/8

G#) "-/#3(15-) -5%"- -)%- #3%1" N )& +#)#,1 I0()%O"(31J )- 7#5 # +/#5%-#" ,-1%"1 $1,1@ +1"L&- -)%- +#)#,1 -$+(-Q# # 0#3-")- ,(?M3(/ ,- 7-"8 [)-+#)#,1 1?(3(#/ 3#,# 7-Q -) $-51) 3"-MH/-@ N )(5 -$H#"'1 3#,# 7-Q 0#N $K)5-3-)(,#, ,- 71/7-" # 0#3-"/1 7()(H/-@ # $-,(,# L&- /# 0()%1"(# 7&-/7- #0#3-")- +"-)-5%-8

G# S5(3# "-?-"-53(# #/ +#)#,1 +1/M%(31 -5 H0@ 20@ 20@ 20@ 20 @ &5# -)+-3(- ,-#&%1H(1'"#?M# 3M5(3# ,- =1'-" n-"5#%@ ,-/ ABBa@ -) &5 31$-5%#"(1 $#"'(5#/# /# ?(-)%# ,-/ C ,- 6#N1@ # /# L&- -/ #"%()%# #3&,M# ,- 5(R1 315 )&) +#,"-)8;R1) ,-)+&.) "-3&-",# -)- )-5%($(-5%1 ,- 31/-3%(7(,#,@ #'"#,#H/-@ -(53/&)1 /- //#$# /# #%-53(O5 L&- -V()%# &5# 3#)-%# ,-/ IT(5,(3#%1 ,- k"#H#U

>#,1"-) ,-/ [)+-3%K3&/1J@ 31$1 &5# -)+-3(- ,- 7-)%('(1 ,-/ +#)#,18 [/ XXx,- /#) +-")15#) L&- -)%#H#5 #//M _#R#,-_ %-5M#5 $K) ,- 3(53&-5%# 1 )-)-5%#

#R1)8 G# 0()%1"(#@ -5 -/ )-5%(,1 3/K)(31 ,-/ %."$(51@ -57->-3(O8

Y-"1 "-+#)-$1) #/'&51) -/-$-5%1) $K) ,- -)%# )&-"%- ,- ,-)7(53&/#3(O58;/ 31$(-5Q1 ,- /# 1H"#@ +1" $-,(1 ,- %-V%1) +"1N-3%#,1) )1H"- &5#+#5%#//#@ )- /- #,7(-"%- #/ +SH/(31 L&- I0#N (5%-"-)-) -5 >&-'1 #&5L&- 5#,(-/1) -V0(H#J@ /1 L&- #H"- N# ,-),- -/ +"(53(+(1 &5 +/#51 +"#'$K%(31h +/#5%-#&5# ,&,# #3-"3# ,- /# ?(#H(/(,#, ,- -)- #3%1 ,- 31$&5(3#3(O58 ]4&K/-) )15-)1) (5%-"-)-)^ ]k-5,"K5 #/'1 L&- 7-" 51 )O/1 315 /1 L&- )- $&-)%"#@ )(51%#$H(.5 315 /1 L&- 51 )- $&-)%"#^ j5# 1+-"#3(O5 -)3.5(3# _-)%.%(3#U +1"-V3-/-53(#@ +-"1 %#$H(.5 +1/M%(3#@ 31$1 ,(3- GN1%#", -5 #/'S5 )(%(1@ N@ 31$10-$1) 7()%1@ "-/#3(15#,# 315 /# 0()%1"(# 31$1 $#L&(5#"(# -)3.5(3# +#"#0#3-" 7()(H/-) &5#) 31)#) N ,->#" 1%"#) -5 /# )1$H"#8

4#)( (5$-,(#%#$-5%- ,-)+&.) ,- (5)()%(" -5 /# #)+("#3(O5 ,- %"#5)+#"-53(#@)- /-- /1 )('&(-5%-D IG1 L&- $- '&)%# ,- /1) -)+-3%K3&/1) ,- $1,# -) L&-51 %(-5-5 0()%1"(#J8 k-5(-5,1 -5 3&-5%# -/ >&-'1 ,- (,-5%(?(3#3(O5 N,()%#53(# 315 -/ L&- )- 7# # 315)%"&(" -)%# -)+-3(- ,- #&%1""-%"#%1@ ]3O$1

)- +&-,- -5%-5,-" -)%1^ G# 51 315)%"&33(O5 ,- &5# 0()%1"(#@ +1" &5 /#,1@ N/# #)+("#3(O5 # /# %"#5)+#"-53(#@ # /# 7-",#,@ +#"-3-5 )(%&#")- &5# 7-Q $K)-5 3#$+1) 1+&-)%1)8 [)# %"#5)+#"-53(# # /# L&- )- "-?(-"- (,-5%(?(3# -/

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AEE



3&-"+1 31$1 /&'#" ,- 7-",#,@ +-"1 -)- /&'#"@ ]3#"-3- ,- 0()%1"(#^ G#+"-'&5%# L&-,# +/#5%-#,# ,- &5 $1,1 +"1713#,1"#$-5%- (5'-5&1@ +#"-U

3(,1 # #L&-/ I51 %-5'1 5#,# L&- "-31",#"J ,- 6#"%# 9#/K5@ #?("$#3(O5 L&-+1,"M#$1) +#"#?"#)-#"@ )('&(-5,1 315 -)- %151 ,- '.90.$ $'&&"G2'@ 315 1%"#)-"(- ,- (5%-""1'#5%-)D ]b&. %-5'1 L&- 7-" N1 315 /# 0()%1"(# 1?(3(#/@ L&.%-5'1 L&- 7-" N1 315 /#) H#5,-"#) L&- #+#"-3-5 -5 $( +#)#+1"%-@ -5 $(%#">-%# ,- (,-5%(,#,@ -5 $( 3#"5-% +"1?-)(15#/^@ ])-"K L&-@ -?-3%(7#$-5%-@51 %-5'1 5#,# L&- 7-"^

G# "-?/-V(O5 L&- #/'&51) #"%()%#)@ N &5# +#"%- ,- /# -)3-5# -5 '-5-"#/@ 7#5# ,-)#""1//#" -5 +"($-"# +-")15# # $-,(,# L&- #7#5Q#5 /1) #R1) 517-5%#@+&-,- -5%-5,-")- %#$H(.5 31$1 &5 $1,1 ,- "-+/#5%-#" -)# "-/#3(O5 315/# 0()%1"(# L&- +#"-3M# 0#H-")- +-",(,18 G# "-?/-V(O5 7# # 31$-5Q#" +1"#H#>1@ +1" -/ +"1+(1 3&-"+1@ +1" /# 0()%1"(# +-")15#/ ,-/ #"%()%#8 d#H/#" ,-/# 0()%1"(# ,- &51 $()$1 -) &5# ?1"$# ,- 31$-5Q#" # "-315)%"&(" &5 01"(UQ15%- 0()%O"(318 [/ 3&-"+1 #+#"-3- 31$1 &5 -)+#3(1U3-"1 ,- /# 0()%1"(#@ &5/&'#" ,-),- -/ L&- 71/7-" # +-5)#" /# 0()%1"(#@ )(5 +"-)3(5,(" ,- /1 $K)3153"-%1@ ,- /1 $K) (5$-,(#%18

d#3(# -/ ?(5#/ ,- H0@ 20@ 20@ 20@ 20 0#N &5 $15O/1'1 ,- t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n-"5#% +#"# 0#3-" &5 "-%"#%1 %(+1 ,-/ #"%()%# 315%-$+1"K5-1@ -5%"- -//1)

I)& (53#+#3(,#, +#"# 0#3-")- $#N1"J 1 I)& #5K/()() ,-/ $&5,1 # +#"%(" ,-/$- '&)%#@ 51 $- '&)%#@ $- '&)%#@ 51 $- '&)%#888 <#/ 51 %-5-" 5( )(L&(-"# &5#(,-1/1'M# )- L&-,# 315 /1 $K) +-L&-R1@ /1 $K) (5$-,(#%1FJ8

[5 )&) S/%($1) -)+-3%K3&/1)@ 31$1 1%/"." ;,G2"- 1 Q,&0 -%".-"+R.-"0 @=1'-" n-"5#% 7#3M# -/ -)3-5#"(1 +#"# )(%&#" -5 )& 3-5%"1 #/ +SH/(31@ 31$1+-")15(?(3#3(O5 ,-/ +"1+(1 -)+#3(1 +SH/(31@ -5 -/ L&- L&-,# (5)3"(%# &5#3(-"%# 0()%1"(# ,- /1 31/-3%(718 j5# 1+-"#3(O5 #+#"-5%-$-5%- %#5 ,-$13"KU%(3# ,-># 7-"@ )(5 -$H#"'1@ &5 $-3#5()$1 +-"?-3%#$-5%- ,("('(,1@ 31$1

-)#) ,-$13"#3(#) ,("('(,#) # /#) L&- )- "-?(-"- o1/(58 ; -)%1 #/&,- -5 %151("O5(31 -/ 51$H"- '-5-"#/ ,-/ 31/-3%(71 L&- ?("$# -)%#) 1H"#)@ iii <k0-i"(-5,/N i#3- 1? i#3()$F8 n#>1 &5# #+#"-5%- #+-"%&"# )- 0#3- "-3#-" )1H"-

AEc 2)3#" 41"5#'1



-/ +SH/(31 &5# "-)+15)#H(/(,#,@ # $1,1 ,-+"1713#3(O5@ 0#3(# /# 3&#/ .)%- 51 +&-,- 0#3-"

1%"# 31)# L&- 315%(5&#" 315 )& ?&53(O5 ,--)+-3%#,1"@ -)+-3%#,1" ,- &5# +#)(7(,#, L&-N# -)%K +"-7()%# +1" /# +"1+(# 1H"#@ L&- ,- 1%"1$1,1 51 ?&53(15#"M#8 [) ,-3("@ -)%# 51 (5%-"U7-53(O5 ,-/ +SH/(31@ #/ $#"'-5 ,- /1 )($&/#,1-5 /# 1H"#@ -) 5-3-)#"(# +#"# L&- .)%# ?&53(15-8G# #+#"-5%- /(H-"%#, ,-/ +SH/(31 +#"# (5%-"7-5("-5 -/ -)+-3%K3&/1 -)%K N# +&-)%# -5 -)3-5# +1"-/ +"1+(1 -)+-3%K3&/1@ 1?"-3(,# N 315)&$(,#

31$1 +"1,&3%1 -)3.5(318

; +-)#" ,- -)%# #+#"-5%- ,-)7(53&/#3(O5 -5%"--)+#3(1 +SH/(31 N -)+-3%#,1" +"(7#,1@ 1 -5%"-0()%1"(# +1/M%(3# N 7-",#, +-")15#/@ l("51 <ABBmF+/#5%-# /# )('&(-5%- +"-'&5%# 31$1 +&5%1 ,-+#"%(,# ,- )& -)%&,(1D I]Y1" L&. %1,# 5&-)%"#-V+-"(-53(#@ (53/&)1 /# $K) (5%"#)3-5,-5%-@ -)&5# -V+-"(-53(# ="#$5&"-0 ̂ J@ 1 -5 1%"#) +#/#H"#)D

I]b&. "-/#3(O5 )&H)()%- -5%"- +"-)-53(# - (5#3U%&#/(,#,@ I#01"#J N I-5%153-)J^J@ N1 +"(7#,1 _N1+SH/(31@ /1 L&- 7&-/7- # 31/13#" /# +"-'&5%# +1"-/ +#)#,1 N@ ?(5#/$-5%-@ +1" /# 0()%1"(#@ 5&-7#U$-5%- -5 -/ 3-5%"1 ,- /# -)3-5#_8

Z1 -) ,(?M3(/ -5315%"#" -/ -31 ,- -)%#) +"-'&5%#)-5 1H"#) L&- ,- $#5-"#) ,(7-")#) 0#5 %"#%#,1,- -)%#H/-3-" #/'S5 %(+1 ,- 7(53&/1 -5%"- /1

-?M$-"1 ,- /# -)3-5# <1 ,- /# 7(,#F@ /1 -?M$-"1 -M5%($1 ,- -)# -V+-"(-53(# 315%#,# -5 +"($-"#+-")15#@ N /# 0()%1"(# L&- %1,1 /1 -57&-/7-8 Y#"#%"#%#" ,- -5%-5,-" -)%- -)+#3(1 ,- 3"&3- 4#"/1)6#"L&-"(- +"1+15- -5 H,-&'-"0@ S '2 '#-0&0G0M% +"#"'.$' /# ($#'-5 ,- -)%- +-L&-R1 (5)-3%1#5,#5,1 ,- ?1"$# %1"+- +1" &5 3&-"+1 ,-)5&,1DIk-)%('1 3#)&#/ ,- $( %(-$+1@ ,1N %&$H1) +1" /#0()%1"(# 31$1 -/ -)3#"#H#>1 y )1H"- $( 3&-"+1

zs{ W ,- ('&#/ $1,1@ 31$1 #5%- -/ 3#$(5#" ,-/-)3#"#H#>1@ $- (5%-""1'1 )1H"- $( (5,-3()(O5 N/-7-,#, #/ +()#" +1" /# 0()%1"(#J8C

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AEX

C \5.,(%#8



6K) #,-/#5%-@ -5 -)%# $()$# 1H"#@ 915Q#/14&5(// "-31",#H# )& +"1V($(,#, -)+#3(#/@ ?M)(3#@

#/ )(%(1 ,15,- -)%#H# 13&""(-5,1 -/ '1/+- ,-[)%#,1 -5 CXE` -5 ;"'-5%(5#8 ]b&. %(-5- L&-7-" /# 7(,# +-")15#/@ M5%($# ,- &51@ 315 /#0()%1"(#@ 315 )& 0()%1"(#@ )&) 0()%1"(#)^ [)%#"-?/-V(O5 )- #3-5%S# -5 TOOU@ ,O5,- # /# ,($-5U)(O5 %-$+1"#/ ,-/ %M%&/1 )- /- #R#,-5@ -5%"-+#".5%-)()@ %"-) #+.5,(3-) 315 &5 3/#"1 )-5%(,1-)+#3(#/D %"-) "-%"#%1)@ %"-) +#()#>-) N &5# 5#%&U"#/-Q# $&-"%#8 [5 -/ +"($-"1 ,- -)%1) +#()#>-))- $&-)%"#5 /1) /&'#"-) ,15,- %&71 /&'#" /#n#%#//# ,- n"&5-%-@ -)+#3(1) ,-/ +#)#,1 N -)+#U3(1) ,-/ +"-)-5%-@ N #/ #"%()%#@ -5 -)3-5#@%"#%#5,1 ,- -5%-5,-" -/ ,1/1" ,- /# 0()%1"(#D

6( 3#)# -)%K #0M@ 7(71 "1,-#,1 ,- /#)

$()$#) -53(5#)

%-)%('1) (5$O7(/-) ,- /1) 7-(5%(,O) ,M#)

,- H#%#//# -5 n"&5-%-@N )&) %"-(5%# N 3(531 $(/ $&-"%1)8

d1N H&)31 )&) "-%"#%1) #5O5($1)@

?&5,(,1)

N# 315 -/ +#()#>-@ )(5 1>1)@ N# ,()&-/%1)

-5 /# %(-""#8

T15 $( 0()%1"(# 13&/%#8 <6#"L&-"(-@ ABBgD

CXcF8

; +#"%(" ,- /1) #R1) 517-5%# /# 315)%"&33(O5 ,-

&5 +"-)-5%- 51 -) $K) -/ +&5%1 ,- //-'#,#@ -/

-?-3%1 -)%.%(31 -5 -/ L&- )- 3153-5%"# -/ +"13-)1

3"-#%(71@ )(51 -/ +&5%1 ,- +#"%(,#8 [/ +"-)-5%-

-)+#3(#/@ -/ #L&M N #01"# ,- /# -)3-5#@ ,- /#

31$&5(3#3(O5 315 -/ +SH/(31@ -) /1 L&- N# -)%K

#0M ,-),- -/ 31$(-5Q1@ +1"L&- 51 0#N 1%"# 31)#D

51 0#N 0()%1"(#@ 51 0#N +#)#,1@ 51 0#N ,"#$#8

[)%K -/ N1 ,-/ #"%()%# N )& 3&-"+1 %"#%#5,1 ,- H&)3#" &5# 7-",#, L&- ,(?M3(/$-5%- -53&-5%"#

)& +&5%1 ,- 3"&3- 315 /# 0()%1"(#8 ; ,(?-"-53(#

AcB 2)3#" 41"5#'1



,- p#5%1"@ 3&#5,1 0#H/#H# ,- /# 5-3-)(,#, ,- -5315%"#" &5 -)+#3(1 # &5

,"#$# L&- +"--V()%M#@ L&- //-'#H# # /# -)3-5# ,-),- #?&-"#@ ,-),- /#

0()%1"(#@ N +#"# -/ L&- 0#HM# L&- 3"-#" &5 +"-)-5%- -)3.5(31@ $#%-"(#/@ L&-)- 3157("%(-"# -5 #315%-3($(-5%1@ &5 #315%-3($(-5%1 -)3.5(31 31$1

"-)+&-)%# # &5 #315%-3($(-5%1 ,"#$K%(31@ /# 0()%1"(#8 k#$+131 -) &5 1H>-U

%(71 N# /# +&-)%# -5 -)3-5# ,- &5# (,-5%(,#, +"(7#,#@ L&- 51 %#",O -5

3157-"%(")- -5 /# 1%"# 3#"# ,- &5 N1 +SH/(31 ?K3(/$-5%- "-+"-)-5%#H/-8

;01"# /1 L&- %-5-$1) )15 /#) +"-)-53(#) ,- /#) L&- +#"%($1)@ /1) -)+#3(1)N /1) 3&-"+1)@ /1) #3%1"-) N -/ +SH/(31@ N &5# (/&$(5#3(O5 L&- ?&5,- %1,1-5 &5 -)+#3(1 S5(31h N /# ,(?(3&/%#,@ /1 L&- )- -)3#+#@ )15 /#) #&)-53(#)@ -/+#)#,1 N /# 0()%1"(# ,- -)- +"-)-5%-@ L&- )- 0#5 -)?&$#,1 >&5%1 315 /1)$(%1) N /# ?(33(O58 [)1 -) /1 L&- )- "-)()%- # )-" "-+"-)-5%#,18 ]4O$1 )-'&(",#5,1 3&-5%# ,-/ +#)#,1@ ,- /1 L&- 0# )(,1 N N# 51 -)@ 3&#5,1 -)%1 0# )(,13157-"%(,1 -5 ($K'-5-) N $15&$-5%1)^ ]4O$1 )-'&(" 0#3(-5,1 &5 %-#%"1,- /#) #&)-53(#)@ 1 31$1 ,("M# p#5%1"@ &5 %-#%"1 ,- /# $&-"%-^

; %"#7.) ,-/ '-)%1 ,- &5# ,-""1%#@ ,- &5 ?"#3#)1 0#)%# -/ ?(5#/@ +#"-3- ,-3(";5'./(3# G(,,-// -5 A' =0&3 ".7'.-"G2' -%. /" +'&&%$0 @ &5# 1H"# -)%"-5#,#

-5 615%-$1" -5 ABBX8 [)%# 1H"# )- +"-)-5%# /(%-"#/$-5%- 31$1 &5 ,(K/1'1315 /# $&-"%-@ 315 /1 L&- ,->O ,- )-"@ 315 t#3L&-/(5- !& Y".)@ 315 /1) 5(R1)$&-"%1) -5 l(-%5#$@ 315 -//# $()$# ,-)-#5,1 /# $&-"%-8 l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t&K"-Q8 !-%"K) ,- &51 N 1%"1 ,1/1"@ )& 3&-"+1 N /# 0()%1"(#@ 1 /# 0()%1"(#-)3"(%# -5 )& 3&-"+1@ N -/ +1,-" <$#)3&/(51F 31$1 $1%1" ,- /# 0()%1"(# L&-7# ,->#5,1 )&) 0&-//#) )1H"- -)1) 3&-"+1)8

!-)+&.) ,- /# %"(/1'M# ,- !%/% ;%2"$"-,# @ =-5>(?1 )- )&$-"'- -5 &5 %"#H#>1

L&- 7# $K) #//K ,- /# +#/#H"# 1 /1) 3&-"+1) -5 +"($-"# +-")15#@ N ,-/315?/(3%1 ,-/ (5,(7(,&1 315 /1 )13(#/@ )(5 -$H#"'1 51 )- #H#5,15# /#0()%1"(#@ -/ 1%"1@ /# 31$&5(,#,8 [5 /# )-"(- :2 '>"2"% S '2 &'".% )- "-%1$# -/

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# AcC



-)+#3(1 ,- /# 0()%1"(#@ ,- &5# 3(-"%# 0()%1"(# L&- )- %"#%# ,- $("#" ,-),- &5#?&-"# -)+#3(#/@ &5# 0()%1"(# )(5 H(1'"#?M#)@ )(5 +#)#,1) 5( ?&%&"1)@ /#

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

G# +"-'&5%#@ +/#5%-#,# -5 A"'/;%# -%/% '#;0-"%#@ /# %-"3-"# -5%"-'#@"-)&-5# )(5 -$H#"'1 # /1 /#"'1 ,- %1,# /# )-"(-h -) &5# +"-'&5%# #3-"3# ,-//&'#" L&- 13&+# &51@ -/ /&'#" ,-),- -/ L&- $("#" +-"1 -) %#$H(.5 &5#+"-'&5%# #3-"3# ,- /# 0()%1"(# L&- ?&-@ N -/ +"-)-5%- L&- -)@ -) ,-3("@ #3-"3#,- /# 3#%K)%"1?- N -/ ?"#3#)1D I!O5,- -)%1N -) 3&"(1)#$-5%- /# +"-'&5%# L&-&51 )- 0#3- 3&#5,1 -/ H1)L&- )- #H"-8 y ]b&. 0#N ,-)+&.) N #5%-) ,- /#,-)%"&33(O5 N /# $("#,#^J <=-5>(?1@ ABCBD XF8

AcA 2)3#" 41"5#'1

A"'/;%# -%/% '#;0-"%#K i-"5#5,1 =-5>(?1@ ABCB8 i1%1D \)##3 k1""-)



T#/(" # -)3-5# -) &5 $1,1 51 )1/#$-5%- ,- )-" +SH/(31@ )(51 %#$H(.5 ,- )-"0()%O"(31@ -) ,-3("@ ,- $1"(" )(5 ,->#" ,- )-" +"-)-5%-8 [5%-5,-" -)%- +#)1

<-)3.5(31F 31$1 &5# 5-3-)(,#, .0$,&02 ,-/ 01$H"-@ +-"$(%- )#3#" /# 0()%1"(#,- /# 0()%1"(# +#"# 71/7-" # +-5)#"/#@ 51 31$1 -/ "-)&/%#,1 ,- &5# 315)%"&3U3(O5@ 5( 31$1 /# ,($-5)(O5 -V%-"(1"@ 1H>-%(7#@ ,- /# "-#/(,#,@ )(51 31$1315,(3(O5 ,-/ )-" <0&$#51F@ 31$1 +#"%- ,- )& 5#%&"#/-Q# <+1/M%(3#F8 !(3-l("51@ IG# $-$1"(# 51 -) I0()%O"(3#J -5 7("%&, ,-/ 315%-5(,1 +#"%(3&/#" <+1/MU%(31 1 )13(#/F ,- /1) "-3&-",1)8 G1 -)@ -5 3#$H(1@ -5 3&#5%1 90-,2$0+ L&-,()%(5'&- /# -V()%-53(# )(5'&/#"J8 [5 -)%# ?#3&/%#,@ L&- "-31'- /1) ,(?-"-5%-)$1,1) ,- )-" 0()%O"(31@ "#,(3# %#$H(.5 /# 315,(3(O5 )&+"#+-")15#/ ,-/ (5,(U7(,&1@ )& ,($-5)(O5 ,- )-" +SH/(31@ ,- /1 L&- ,-"(7# )& )-" -)3.5(318

i"-5%- # /# 0()%1"(# 31$1 "-/#%1 0-"-,#,1@ 31$1 "-/#%1 ,- /1 $()$1 L&-)(-$+"- 7&-/7-@ "-/#%1 ,-%-5(,1 L&- )- "-+(%- &5# N 1%"# 7-Q@ +-"1 L&-_31$1 ,(3- l("51_ 51 )#H-$1) H(-5 L&. -) -)1 L&- )- "-+(%-@ /# -)3-5# ,->#7-" &5# +1%-53(#@ &5# 3#+#3(,#,@ ?M)(3#@ $-5%#/ N -$13(15#/@ ,- #3%&#"@ ,-0#3-")- +"-)-5%-@ ,- )-" +SH/(31@ 1%"# ?1"$# ,- )-" 0()%1"(# ,-),- &5 #L&MN &5 #01"#h )-" 0()%O"(31 51 )('5(?(3# ?1"$#" +#"%- ,- &5# 0()%1"(#@ )(51 &5#$#5-"# ,- -)%#" ?"-5%- # -)# 0()%1"(#8 W -)# 3#+#3(,#, 31$(-5Q# +/#5%-U

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l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t&#5 6&R1Q8 G# 3#+#3(,#, ,- #3%&#3(O5 <-)3.5(3#F _,("M#$1) +#"#?"#)-U

#5,1 # l("51 <ABBmD CEAF_ 51) 0#H/# ,- -)# I+1H"-Q# (5)%(5%(7# ,-/ #5($#/0&$#51@ )& 3#"K3%-" (5,-?(5(,1@ /# 315)%#5%- ,-)1"(-5%#3(O5 L&- /1,()%(5'&-J@ 31$1 #/ -)3#"#H#>1 ,- 6#"L&-"(-8

!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# Acm



[)%1) -)3-5#"(1) 5#%&"#/-)@ 1 +#()#>-) ,- &5#0()%1"(# 5#%&"#/@ ,- &5# 0()%1"(# ,- /1) 3&-"+1)

_31$1 L&-"M# ;5'./(3# G(,,-//_@ )15 3&-"+1)+1/M%(31) L&- 315)%(%&N-5 #,-$K) -)3-5#"(1) ,-&5 '#$0+% +' '>-';-"5. ,-5%"1 ,- /1 L&- 315)(U,-"#"M#$1) /# 51"$#/(Q#3(O5 ,- /# 0()%1"(#@3&-"+1) ,-)5&,1)@ 3&-"+1) +"(7#,1)@ 3&-"+1)#""-H#%#,1)@ 3&-"+1) -5?-"$1)@ #+#)(15#,1)@3&-"+1) $#"3#,1) +1" /# 0()%1"(#@ 3&-"+1) +#"#-5%"#" N )#/(" ,- /# 0()%1"(#@ &5 $1,1 _?M)(31_ ,-)-" 0()%1"(# )(5 ,->#" ,- )-" 0&$#51@ ,- )-"+#)#,1 )(5 ,->#" ,- )-" 7-",#,@ /# 7-",#, ,-/+#)#,1 L&- 0#H(%# -5 /# (5%-5)(,#, ,-/ +"-)-5%-8

:#$' $&0G0M% #' =0 &'02"60+% '. '2 /0&-% +'2

;&%S'-$% +' ".7'#$"W0-"5. Z4/0W".0&"%#

#%-"02'# '. 20# -,2$,&0# +' 20 W2%G02"60-"5.[

'.$&' 2% ;FG2"-% S 2% ;&"70+%K L.X2"#"# S

+%-,/'.$0-"5. +' 20 -&'0-"5. '#-3."-0 '.4G'&%0/3&"-0 TOOO8TOBOY +'2 \"."#$'&"% +'

]"'.-"0 ' 4..%70-"5. +' :#;0^0 (!L_TOOC8

OÒBU8]OT8OT)K

Aca 2)3#" 41"5#'1

n(H/(1'"#+0N

;'#$H-5@ 9(1"'(1D H% a,' a,'+0 +' L,#-=8 b"$6K :2 0&-="7% S '2 $'#$"W% (_'/.0.$# %9 L,#-=b"$6K A=' c"$.'## 0.+ $=' L&-="7'K !%/% #0-'& 444) @ Y"-Uk-V%1)@6#,"(,@ CXXX8

n-5>#$(5@ o#/%-"D H"G&%

+' 2%# Q0#0M'# (L&-0+'# Q&%M'-$) -,8 ,- =1/? k(-,-$#55@ ;e#/@6#,"(,@ ABBg8

41"5#'1@ 2)3#"<311",8FD d$"-0# +'2 -,'&;%K e,0. 1%/I.8 W,'6@ \0&$0 f02X.@g'&.0.+% _'.M"9% @i&5,#$-5%1)@ 6#,"(,@ABBc8

9#"3M#@ =1,"('1D If%"1/1"1J@ g0#'# @ B<517(-$H"- CXXBF@ ++8EUc8

9#"3M#@ =1,"('1DId#H/#5,1 315=1,"('1 9#"3M# )1H"- #%"#7.) ,- -5%"- 1%"#)713-)8 [5%"-7()%# 3156#"%# 9#/K5J@ A='N0&-'2%.0 _'7"'b <CXXcF@0%%+Dyy|||8H#"3-/15#U"-7(-|831$y3#)y(5,-V80%$/ <S/%($1 #33-)1Am8BA8ABCBF8

91,#",@ t-#5UG&3<CXXcFD !"#$%&"0(#) +'2 -".' (!"#$%"&'(#) +,



!"#$#%&"'(#) +#"# ,-)+&.) ,- /# 0()%1"(# Acg

-".3/0) @ 4#># Z-'"#@n&-51) ;("-)@ ABBE8

d1"e0-($-"@ 6#V Nk0-1,1" o8 ;,1"51D1"023-$"-0 +' 20 42,#$&08 -"5.K g&0W/'.$%# 9"2%#58 9"-%# (1"02'-$"- %9 :.2"W=$'./'.$K Q="2%8 #%;="-02 g&0W/'.$#) @k"1%%#@ 6#,"(,@ CXXa8

GN1%#",@ t-#5Ui"#5}1()DQ%#$/%+'&."#/('>;20".'+ $% -="2+&'.) @9-,()#@ n#"3-/15#@CXcE8

6#"L&-"(-@ 4#"/1)DTOOU ($&'# ;0"#0M'#@ $&'# &'$&0$%# S ,.0 .0$,&08 2'60 /,'&$0) @ -5 Q%2I8 $"-0# +' 20 ;020G&0K

:#$'7' f&0##'$@ ]0&2%# \0&a,'&"'@ J0&0 \%2".0@ L.W32"-0 H"++'22 @ i&5,#$-5%1)@6#,"(,@ ABBg@ ++8 CcEUACg8

=-5>(?1@ i-"5#5,1D!%/% ;%2"$"-,# @ -5d$"-0# +'2 -,'&;%K e,0.

1%/I.W,'6@ \0&$0 f02X.@ g'&.0.+% _'.M"9% @ i&5,#$-5%1)@6#,"(,@ ABBc8

=-5>(?1@ i-"5#5,1DA"'/;%# -%/% '#;0-"% (g&%/ $=' #'&"'# :2 '>"2"% S '2 &'".%) @;?/-"#@ 6#,"(,@ ABCB8

T30/q'-/@ p#"/D [5 -/-)+#3(1 /--$1) -/%(-$+18 J%G&' ="#$%&"0

+' 20 -"7"2"60-"5. S W'%;%2I$"-0 (_'.+'&".W A"/' 0--%&+".W $% J;0-'K f'%;%2"$"-# 0.+ $=' !"#$%&S %9 ]"7"2"#08 $"%.) @ T("&-/#@ 6#,"(,@ABBE8

l("51@ Y#1/1D A='\'/%&S %9 $=' Q&'#'.$[ 0. '##0S %. ="#$%&"- $"/'@ Y#(,O)@ n&-51);("-)@ ABBm8

l1-'-/(5@ ["(3D A=' .'b J-"'.-' %9 Q%2"$"-#K L.4.$&%+,-$"%.@ p#%Q@n&-51) ;("-)@ ABB`8

o1/(5@ T0-/,15 T8D1'/%-&0-S 4.-%&;%8 &0$'+K \0.0W'+ 1'/%8 -&0-S 0.+ $=' J;'-$'&

%9 4.7'&$'+ A%$02"$0&"08 ."#/K p#%Q@ n&-51);("-)@ ABBc8





!"#$#%&"'()* ,-".-*%/#,%)" 0(*%-"1

2*3#" 4-"5#'-

6) *0#77 8() 91 8"-:5(5' (5 # 8(7&;(&$ -, (55-3)53)<=5%0)" >58)"* ?(5 @)5A(,-B CDEDF EGH

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

>% %0) 9)'(55(5' -, %0) 5(5)%()*B @-8"('- <#"3V# ?EWWDHB (5 :0-*) :-"Q %0)*-3(#7 8($)5*(-5 -, %0) (58(;(8&#7 :#* # '"-:(5' -9A)3% -, 3"(%(3(*$B")%&"5)8 %- %0) -78 3-5,7(3% :0)5 0) %&"5)8 %0) *.-%7('0% -5 %0) ")A)3%(-5



-, *%-"1 7(5)* 9)3#&*) %0)1 )5')58)")8 7()* J#58 %0) '")#%)*% -, %0)*) 9)(5' %0#% %0)1 ."-8&3) 7(5Q* :0)") 5- 7(5Q )N(*%*KO X&% 0) :)5% -5 %- *#1

J:) 5))8 %0)*) 7()*K %- 3-537&8) :(%0F *%-"()* #") ($.-**(97)B 9&% :(%0-&%%0)$B (% :-&78 5-% 9) #% #77 .-**(97) %- 7(;)KO Y- :) 5))8 %0)*) *%-"()*B (5*.(%) -, %0) ,#3% %0#% %0) #..)#"#53) -, &5(%1 %0#% %0)1 )58 &. ."-8&3(5'3#5 9) $(*7)#8(5'O >58 :) 5))8 %0)*) *%-"()* 9)3#&*) %0) 3#.#3(%1 ,-"3")#%(5' %0)$ ,-"$* .#"% -, 0&$#5 5#%&")O

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

%0) ."(;(7)') -, :-"Q(5' #58 7(;(5' (5 -5) -, %0) J,"))K #")#* (5 %0) :-"78#* # ."(;(7)') ,-" #"%(*%* #58 (5%)77)3%&#7*O J60#% (* ."),)"#97) %- 7(;(5' (5 #:-"78 (5 :0(30 A&*%(3) (* 7(5Q)8 %- %0) :-"*% ,-"$ -, #&3%(-5))"(5'B :0#%

C\\ 2*3#" 4-"5#'-



#"%(*% :-&78 5-% 8")#$ -, # 5#%(-5 *($(7#" %- # ,-&"%0 :-"78 )3-5-$(3.-:)"K ?<-8#"8B EWW\F C]HO

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

%0) .")*)5% -5 *%#') #58 %0) .#*% -, %0#% 0)") #58 5-: #"%(3&7#%) (%*)7,B (, (% 8-)* 5-% ")*-"% %- %0) 3-5*%"&3%(-5 -, # ,(3%(-5#7 *%-"1 -" # "),)")53) %-# 5#""#%(;) #**&$)8 91 # 3-$$&5(%1O

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`&#%(-5 %0#% (5%)"*)3%* %0) 9-81:(%0 *.#3)O U5 -%0)" :-"8*B 0(*%-"1 (* :"(%%)5 (5 %0) 9-8()* %0#% -33&.1 #.&97(3B -" %0)#%"(3#7B *.#3)O

R#Q)8 9-8()*B *-7(%#"1B %-"%&")8B %0-*) "),)"")8 %- 91 >'#$9)5 ?EWWWH

:0)5 0) *.)#Q* -, 3-53)5%"#%(-5 3#$.*B #") ")8&3)8 ?91 0(*%-"1H %- # .&").01*(3#7 5#%&") *%")%30)8 %- %0) 7($(%* -, (%* ")*(*%#53)B # 9"&%(*0 5#%&")B:0(30 3#$) %- 7('0% :0)5 %0) :-"78 :#* 7),% :(%0 5- *%-"()* %- %)77 -, %0)$O

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 C\W



Y- -5) 0#8 %- *%#"% ,"-$ %0)")B ,"-$ -&%*(8) 0(*%-"1B %- 9)'(5 %- %0(5Q (% #77#'#(5O a" (5 -%0)" :-"8*F ,"-$ %0) (50)")5% 8),)#% -, 9)(5' -&%*(8)T %0)

.-**(9(7(%1 -, 8),)#% ?-, L&"-.)H #* # 3-58(%(-5 -, %0) %0-&'0% -, 0(*%-"1?&5(;)"*#7HO

b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

I0)*) ")(5;)5%(-5* -, 0(*%-"(3#7 5#""#%(-5M')5)"#771 3)5%")8 -5 %0) ,(5#7

#3%M0#;) 9))5 #7:#1* *%#')8 (5 `&(%) 8(,,)")5% :#1*O a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

*-$)%0(5' :0(30 (% :#* 9)7();)8 :-&78 0#..)5 .#"#77)7 %- %0) $-9(7(%1 -, 3#.(%#7O U5 %0) )58 %0) -571 %0(5' %0#% )58)8 &. $-;(5' :(%0 %-%#7 ,"))8-$:#* %0) 7#%%)"O

CWD 2*3#" 4-"5#'-



U5 %0#% *7($ ;-7&$)B *&..-*)871 :"(%%)5 ,-" 30(78")5 ?.)"0#.* %0&* *-:(8)71 .&97(*0)8H (5 :0(30 P1-%#"8 ?EW\GH *.-Q) -, %0) '")#% 5#""#%(;)*B #%

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

U ")#8 ,"-$ %0) .)5 -, # 0(*%-"(#5 -, *-$) 3-5*)`&)53) %0#% :"(%)"*

#58 #;#5%M'#"8) %0(5Q)"* ,"-$ %0) *(N%()* #58 %0) *);)5%()* :")#Q)80#;-3 #58 %)""-" (5 %0) &*) -, 7#5'&#') #58 %0#% (% (* ($.-"%#5% %-

")*%-") %0) 3-58(%(-5* -, # ,"&(%,&7 8)9#%) %0#% ($.-*)* &.-5 (5%)7M

7)3%&#7* # 3-$$-5 $#55)" -, *.)#Q(5'B %0#% -, %0) 0(*%-"(#5*O

?P1-%#"8 EW\GF EEHO

_#"#77)7 %- %0(* 3&7%&"#7 3-5%)N%B :0#% :#* 0#..)5(5' (5 %0) )3-5-$(38-$#(5 :#* # ."-'")**(;) %"#5*,-"$#%(-5 -, # 3#.(%#7(*% *1*%)$ %0#% 3-&785- 7-5')" ,&53%(-5 #% 5#%(-5#7 7);)7O I0) )N.#5*(-5 -, 3#.(%#7 ")`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

*)3-58 :(%0 ,"))8-$B -53) #'#(5 (5 8)3(8)871 )N%")$) %)"$*O S(*%-"1*%-..)8 9)(5' ")3-&5%)8 (5 (8)-7-'(3#7 3-8)*B #58 9)'#5 %- $-;) %-:#"8*%0) *.0)") -, %0) 0&$#5(%#"(#5B -, 0&$#5 "('0%*B :0(30 :)") *(%&#%)8

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 CWE



#9-;) *-3(#7 "('0%*B %0#% (* %- *#1B #9-;) *%#%)* #58 5#%(-5*O U% :#* 5-7-5')" *- ($.-"%#5% %- 9) ,"-$ L#*% -" 6)*%B R-"%0 >$)"(3# -" Y-&%0

>$)"(3#B 6)*%)"5 -" >,"(3#5B 9&% %- J9) 0&$#5B *&30 # 9"-#8M"#5'(5' %)"$B 9&% *- (5),,(3()5% :0)5 (% 3-$)* %- ."-%)3%(5' %0) "('0%* -, %0-*) *#$)0&$#5 9)(5'* (, %0)1 ,(58 %0)$*)7;)* 8);-(8 -, %0) *&..-"% -, %0) .#**M.-"% -, -5) -, %0)*) 5#%(-5#7(%()*B :0(30 (5 %0) 5): :-"78 $#"Q)%B 8)3"))8%0) )"# -, '7-9#7(*#%(-5B -, $-9(7(%1 #58 %0) )58 %- 8(*%#53)*B %0#% (*B -, .)",-"$#53)* #58 *.#3)*O X&% *.#3)B 7(Q) ,"-5%()"*B -571 8(*#..)#")8 ,-"%0) 3(%(c)5* -, 3)"%#(5 *%#%)*B A&*% 7(Q) %0) $1%0* #58 *%-"()*T (% (* %0) 7&N&"1-, 9)7();(5' -5)*)7, %- 9) J,"))K :(%0-&% 5#%(-5#7(%1B :(%0-&% 0(*%-"1B:(%0-&% $1%0*O 60(7) %0) .-7(%(3#7 8)9#%) #"-&58 %0) :-"78 %&"5* (%* ,-3&*-5 0&$#5 "('0%*B %0#% (* %0) "('0%* #3`&(")8 *($.71 9)3#&*) -, -&" .1$,&'

?0&$#5H: :0(30 .7#3)* (%*)7, 7(Q) %0#% 5#%&") #9-;) .-7(%(3#7 0(*%-"1T :0#%")#771 3-5%(5&)8 %- ,&53%(-5 #") 3(;(7 "('0%*B #3`&(")8 -;)" %0) 3-&"*) -, 0(*%-"1 (5 :0(30 ,):B -&% -, *0#$)B :#5% %- ,))7 ;(3%-"(-&*O

U5 %0) 3#*) -, Y.#(5B :0(30 :#* )$)"'(5' ,"-$ # $(7(%#"1 8(3%#%-"*0(.B (% (*5-% 8(,,(3&7% %- %"#3Q %0(* 8)*(") ,-" J5-"$#7(*#%(-5K #* # :#1 -, &58)"M*%#58(5' (%* ")3)5% .#*%B #58 (%* *)3-58 7#*% 30#.%)" :0(30 9)3#$) Q5-:5

#* %0) I"#5*(%(-5B 9),-") %0) )58 -, -5) 0(*%-"(3#7 *)`&)53) #58 %0) 9)'(5M5(5' -, #5-%0)"B -" $#19) -5) *0-&78 *#1 %0) d")*%-"#%(-5e -, #5-%0)"Z60#% :#* %0) .#*% 0(*%-"1 %0#% 0#8 %- 9) ")*%-")8 :0)5 (5 %0) )('0%()*%0)") :#* # ")%&"5 %- ")#7(*$B #79)(% .-*%$-8)"5(*%B # ")%&"5 %- *&9A)3M%(;(%1B #79)(% *-3(#7B # 8),(5(%(;) ")%&"5 %- J5-"$#7(%1KZ I- :0(30 5-"$#7(%1Z60)5 :#* 0(*%-"1 J5-"$#7KZ 60#% (* %0) .#*% %0#% (* 9)(5' ")*%-")8Z U5 %0)$(8*% -, %0(* &"')5% 8)*(") ,-" 5-"$#7(*#%(-5B J%- $#Q) %)""-" ")('5KB )(%0)"(5 %0) &*) -, 7#5'&#') #58 #"%B (8)#* -" .-7(%(3*B ")$#(5)8 #* *-$)%0(5' A&*%71 %,$#"+' 0(*%-"1O

U5 ;'0%&< %4 $7' =&'#'.$ f("5- ?CDDgHB 3#""1(5' -5 ,"-$ X)"'*-5B #..7()*%- *-3(#7 0(*%-"1 %0) $)30#5(*$* ,-" ")3-'5(%(-5 -, %0) .")*)5% #* #$-$)5% #7")#81 )N.)"()53)8O >33-"8(5' %- %0(*B %0) .")*)5%B (537&8(5' %0)0(*%-"(3 .")*)5%B 3-&78 9) *))5 #* %0) ($.-*(%(-5 -, # .#*%O Ja5) ,))7* %0#%-5) (* $#Q(5' # 30-(3) #58 -5) :#5%* %-B 9&% -5) 30--*)* *-$)%0(5' %0#%(* ($.-*)8 #58 -5) :#5%* *-$)%0(5' (5);(%#97)K *#1* X)"'*-5 `&-%)8 91f("5- ?CDDgF EGHO U5 %0) *#$) :#1 0(*%-"1 :-&78 $#Q) (%*)7, .")*)5% 7(Q)

%0) ,&7,(7$)5% -, # .");(-&*71 :"(%%)5 *3"(.%B #5 #3% -, ").)%(%(-5B 9&% ").)M%(%(-5 -, :0#%Z T J(5 3-53")%) %)"$* [:-58)"* %0) U%#7(#5 .0(7-*-.0)"[B:0#% (* (% %0#% (* .")*3"(9)8 (5 %0(* *3"(.%Z 60(30 #") %0) #3%* %0#% $&*%

CWC 2*3#" 4-"5#'-



#7:#1* 9) ").)#%)8Z S-: 8-)* %0) ($.)"(-&* .#*%B %- :0(30 :) $&*%3-5,-"$ (5 -&" )N(*%)53) #* ).('-5)*B #"%(3&7#%) (%*)7,Z U% (* ($.-**(97) %-

")*.-58K ?f("5- CDDgF ]EHO

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c)O

>* # *3)5(3 8);(3)B 0(*%-"(3#7 5#""#%(;) (* #7*- '-(5' %- 7)#;) (5 -9*3&"(%1:0#%);)" )*3#.)* (%* '#c)O I0)*) :(77 9) %0) ")$#(5* -, %0) .#*%B ).('-5)*-, -&%$-8)8 #;#5%M'#"8) $-;)$)5%*B #* *-$) ."-.-*#7* -, J)N.)"(M$)5%#7K %0)#%") #% %0) 9)'(55(5' -, %0) 5(5)%()* :)") *-$)%($)* `&#7(,()8B 9),-") %0) #,-")$)5%(-5)8 5-"$#7(%1 9)'#5 %- ,#77 #.#"%O I0(* (* $-") -"7)** :0#% @-8"('- <#"3V# ?EWW\H (* "),)""(5' %- :0)5 *-$)-5) ")$(58* 0($%0#% :0#% 0) (* 8-(5' :#* #7")#81 8-5) 91 *-$)-5) )7*)F JI0)1 %-78 $)-5) 8#1F %0#% 0#* #7")#81 ,#(7)8B %0#% ");-7&%(-5 0#* #7")#81 ,#(7)8O 6) 8(8(% #58 :) 7-*%O h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

R#""#%(-5 ")%&"5)8B 9&% 5-% #* )N.)3%)8B (5 %0) ,-"$ -, # 5-"$#7(*#%(-5."-3)**B 9&% (5 %0) -571 $#55)" (5 :0(30 (% 3#5 ")%&"5B (5 %0) ,-"$ -, #5#33(8)5%B #* # Q(58 -, 3#%#*%"-.0)O I0&* *-$):0#% 5#i;)B *)7, M(5%)")*%)8

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 CWg



#58 (5 #51 3#*) ;)"1 ").")*)5%#%(;) :#* %0) #"'&$)5% %0#% 91 %#Q(5' #8;#5M%#') -, 5-"$#7(*#%(-5 (% :#* # `&)*%(-5 -, *.")#8(5' %0) :-"8 ,"-$ %0)

)('0%()* -5:#"8*F %)N% (* 9#3QjB %)N% (* 9#3Qj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

X)%:))5 %0) *-3(#7 8($)5*(-5 -, 5#""#%(-5B (50#9(%)8 91 (5*%(%&%(-5#7#3%-"*B #58 %0) (58(;(8&#7B %0) 8(*%#53) (* :(8)5(5'O R#%(-5#7 0(*%-"1 (*3-5;)"%)8 (5%- # $-5&$)5% %- $)$-"1B # 3)7)9"#%(-5 -, ")%"();#7* ,"-$ %0).#*% .(7)8 0('0 &.-5 %0) .#"#71*(* -, %0) .")*)5%O R()%c*30) #7")#81,-")*#: %0(* #58 f("5- ?CDDgF CCH ")3#77* (%F )N3)**(;) $)$-"1 3#5 0#;) (%*8#$#'(5' *(8)O I0) 3(%(c)5 9)3-$)* # *.)3%#%-" -, 0(* -:5 7(,)B 3-5;)"%)8(5%- $-5&$)5%* %0#% 8)3-"#%) %0) .&97(3 *.#3)T -5) $-5&$)5% ,#3(5'

#5-%0)" $-5&$)5%B %0) -5) '#c(5' ,#3(5' %0) -9A)3% -, 0(* '#c)O 60#% (*%0) *.#3) 7),% ,-" #5 #3%(;(%1 -%0)" %0#5 3-5%)$.7#%(-5Z I0) (58(;(8&#7 #*).('-5) -, 0(* -:5 3#.#3(%1 %- 9)B %- .)",-"$B *#1* f("5- ?CDDgF ]EHO I0).&97(3 #* &7%($#%) $)%#.0-" -, *-3()%1T %0) '#c) #* #5 #3%(-5 .#" )N3)7M7)53)B #58 %0)5 %0) #..7#&*) ,-" # 5#""#%(-5 (5 :0(30 5- -5) (* ").")M*)5%)8B # *%-"1 :(%0-&% # .")*)5%B %0#% (*B :(%0-&% *.#3)B :0)") %0)") (*-571 # .#*% #58 $#**)* ,-" ")$)$9"#53)O a5 %0) #7%#" -, -,,(3(#7 0(*%-"1%0) -"8(5#"1 $#5 (5 %0) *%"))% 8-)*5e% 0#;) # .7#3)O a5 ")%&"5(5' 0-$)B 0)%#Q)* -,, 0(* .&97(3 ,('&") $#*Q #58 7--Q* #% 0($*)7, (5 %0) $(""-"O Y- :0)5b#"%# <#7k5 (5 I"#5*17;#5(# E\G/U5 b)$-"(#$B :"(%%)5 (5 CDD]B *#1* JU0#;) 5-%0(5' %- ")3#77KB :) 3-&78 ,(5(*0 (% #% %0) )58 (5 JU 0#;) 5-%0(5'>,?3"- %- ")3#77KB 5-%0(5' %0#% :-&78 0#;) #5 (5%)")*% :(%0(5 %0#% 7#58*3#.)-, -,,(3(#7 0(*%-"1O

Ue$ .(**)8 -,,

R-9-81 #%%#3Q)8 $1 7(9)"%1

R)(%0)" .-7(3) 5-" $1 ,#%0)" #9&*)8 $)

U :#*5e% .&% (5 ."(*-5 ,-" %0(5Q(5'R- ");-7&%(-5 0#..)5)8 #% $1 *(8)

U 5);)" *#: #51-5) 8() ,-" *(5'(5'

CW] 2*3#" 4-"5#'-



U 5);)" :)5% 0&5'"1

I0)1 5);)" 3#$) 7--Q(5' ,-" $)O

Ue$ .(**)8 -,,Ob1 $)$-"1 *)";)* ,-" 5-%0(5'

U5%)")*%* 5-M-5)O

R-%0(5'B # ;-(8

>58 U 0#;) 5-%0(5' .&97(3 %- ")3#77O

I0) 7#3Q -, 3-55)3%(-5 9)%:))5 %0) *&9A)3% #58 %0) 5#""#%(;) 0#* %- 8- 5-%-571 :(%0 %0) *- -,%)5 `&-%)8 3"(*(* -, ").")*)5%#%(-5B 9&% #7*- :(%0 %0),))7(5' -, 5-5M9)7-5'(5' %- # 3)"%#(5 *.#3)O U, 5#%(-5#7 0(*%-"1 0#*")$#(5)8 .)%"(,()8 (5 # $-5&$)5% %- %0) $)$-"1B %0) 0(*%-"1 -, %0)-&%*(8) :-"78 0#* 9)3-$) #5 ($#') -9*)";)8 -5 # *3"))5O !%0% >%3"$"-,# B 91 ^)"5#58- @)5A(,- ?CDD\F glDHB *%#"%* -&% ,"-$ %0(* ,#(7&") -, ").")*)5M%#%(-5B :0(30 (* #7*- %0) ,#(7&") -, # *%-"1 %0#% 5-M-5) %--Q ")*.-5*(9(7(%1,-"F

_"(53) S#$7)% #""#5')* ,-" %0) #3%-"* %- .)",-"$ 9),-") 0(* $-%0)"

>58 0(* $-%0)"e* 7-;)"B

I0) 3"($) %0)1 3-$$(%%)8O

I0) $&"8)")8 "(*) #58 7)#;)O

I0) .)",-"$#53) (* *%-..)8O

I0) ."-97)$ -, %-8#1 (* %0#% 5-M-5) #8$(%* %- 9)(5' #77&8)8 %- ,-"

#51%0(5'O

>58 %0#% (* %0) )58 -, .-7(%(3*B #.-7(%(3#7 %- %0) )N%")$)O

I0) )58 -, .-7(%(3* :-&78 9) 7(5Q)8 %- # Q(58 -, ").")*)5%#%(-5 %0#% 0#*'(;)5 &. ").")*)5%(5'O R-% *&"."(*(5'71 L"(Q f-)')7(5 -.)5* %0) R):Y3()53) -, _-7(%(3* ")7#%(5' %0(* %- # 3)"%#(5 %0)-"1 -, 0(*%-"1B #58 %0(* (5%&"5 %- # ,-"$ -, &58)"*%#58(5' -, ").")*)5%#%(-5O _-7(%(3*B 0(*%-"1 #58").")*)5%#%(-5 #..)#" #* %0")) (5%)"%:(5)8 8($)5*(-5*O !)$-3"#31B #* #.-7(%(3#7 *1*%)$B %0)"),-") 8)#7* :(%0 %0) $)30#5(3* -, ").")*)5%#%(-5* -5%0) 9"(5Q -, 9#5Q"&.%31O U5*%(%&%(-5* %0#% 8- 5-% ").")*)5% %0)(" 3(%(c)5*#58 (58(;(8&#7* :0- 8- 5-% ,))7 ").")*)5%)8O U5*%)#8 -, 3(%(c)5*B 3-".-"#M

%(-5* 0#;) 9)3-$) %0) (5%)"7-3&%-"* -, '-;)"5$)5%O I0#% (* %0) %0)*(* -, Y0)78-5 6-7(5 ?CDD\H (5 2'0%-&1-< @.-%&>%&1$'+ B :0(30 #5#71*)* %0)0(*%-"(3#7 ,&53%(-5 -, 8)$-3"#31 (5 %0) m5(%)8 Y%#%)* #58 (%* );-7&%(-5

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 CWn



%-:#"8* # $-8)7 -, $#5#')8 8)$-3"#3()* %0#% ($.7()* # Q(58 -, (5;)"%)8%-%#7(%#"(#5(*$O

R);)"%0)7)**B #* %0(* 8(*#**-3(#%(-5 $#Q)* (%*)7, $-") %#5'(97)B (% 9)3-$)*#77 %0) $-") &"')5% %- #**&$) # 0(*%-"1 %0#% (* &.-5 &* (5 %0) ,-"$ -, #3#%#*%"-.0)B :0)5 J5-"$#7(%1K (* 5- 7-5')" *&*%#(5#97)O >* %0) ')-'"#.0)"o#"7 Y307p')7 ?CDDGHB )N.7#(5*B 3#%#*%"-.0)* $#Q) ;(*(97) %0) *.#3) (5:0(30 %0)1 -33&"O 60)5 #5 )#"%0`&#Q) 0#..)5*B %0) .7#3) :0)") (%-33&"")8 (* %0)") ,-" #77 %- *))O I0) *.#3) 9)3-$)* 5):*O U5 %0) *#$) :#1B.-7(%(3#7 3#%#*%"-.0)* *0-: %0) *.#3) %0#% 3-5%(5&)* %- )N(*%B %0) *.#3)$#"Q)8 91 0(*%-"1O 4-53).%* *&30 #* J(77)'#7 :#"K -" J3-77#%)"#7 8#$#')KB#"(*(5' -&% -, %0) #"$)8 3-5,7(3%* -, %0) 5(5)%()*B 9)'(55(5' :(%0 %0) <&7, :#" (5 EWWD #58 %)"$(5#%(5' :(%0 %0) -33&.#%(-5 -, U"#`B 8)$-5*%"#%) :(%0# *($.7) *)$#5%(3 #5#71*(* -, 0-: #95-"$#7 5-"$#7(%1 3#5 9)3-$)O I0)7#3Q -, # 5#""#%(;) %- 7)'(%($(*) # :#"B #58 %0) A&*%(,(3#%(-5 -, ;(3%($* #* #7)**)" );(7B )58)8 &. )N.-*(5' :0#% :) #7")#81 Q5):B %0) 3#.#3(%1 -, 0(*%-"1 %- 3-5;)"% %0) )N3).%(-5#7 (5%- %0) 5-"$O I0) 3-77#%)"#7 8#$#')B5-% -571 %0#% :0(30 (* 3#&*)8 91 :#"B 9&% 91 #5 )3-5-$(3 *1*%)$ %0#%."-8&3)* $&7%(%&8)* -, 8(*.7#3)8 .)-.7) #58 3-53)5%"#%(-5 3#$.*B 9"(5'*

%- 7('0% 9-8()* )N.)77)8 ,"-$ 0(*%-"1B ,"-$ %0)(" *%-"1B #33&$&7#%)8 (5 #")8&3)8 .01*(3#7 *.#3)B 9-8()* :(%0-&% 3(;(7 "('0%* :#(%(5' ,-" 0&$#5"('0%* %- #'#(5 -.)5 ,-" %0)$ %0) '#%)* -, 0(*%-"1O I0) .#*% 9)3-$)* ;(*(97)(5 .")*)5% %($)B 5-% #* %0) %#7) -, :0#% #7")#81 0#..)5)8B 9&% #* %0)3-5*%#5% ,)#%&") -, .)"$#5)531B # .)"$#5)5% J*%#%) -, )N3).%(-5K>'#$9)5 ?EWWWHO S(*%-"1 (* -571 %0) *%-"1 -, #5 )N3).%(-5B -, #5 #95-"M$#7(%1T (% (* %0) *%-"1 -, %0) 8)#8O

P(Q) %0) $&"8)")" (5 # 0-""-" $-;()B %0) ,#3) -, 0(*%-"1 ")#..)#"* (5 %0),(5#7 *3)5)B :0)5 :) %0-&'0% (% :#* #7")#81 8)#8O a53) #'#(5 :) *)) %0)")%0) 0#58 '"#*.(5' %0) 0#%30)%O I0) 8(,,)")53) (* %0#% (5 %0) $-;() (% (* -571# 9#8 8")#$O I0) '("7 :#Q)* &. #58 %0) 5('0%$#") )58*O U5 ")#7(%1 :) 0#;)5- -%0)" :#1 -, :#Q(5' &. -%0)" %0#5 :0#% X)5A#$(5 ."-.-*)* 7(Q) #5(5*%#5% -, )57('0%)5$)5% %0#% ,-" -5) $-$)5% 8"#:* 1-& -&% -, 0(*%-"1 (5-"8)" %- *)) (%* $)#5(5'B 0)") #58 5-:O S(*%-"1 0#* 9)3-$)B #* X)5A#$(5*#(8 -, %0) ;(*(-5 -, %0) d>5')7&* R-;&*eB # 30#(5 -, 3#%#*%"-.0)*T :0#% 0#*30#5')8 (* %0) ")7#%(-5*0(. -, %($) :(%0 %0(* %-"$)5% %0#% 3#$) ,"-$ .#"#M

8(*)B %0#% ."-.)77)8 %0) >5')7 %-:#"8* %0) ,&%&") %0#% :#* 3#77)8J."-'")**KO I0(* ")7#%(-5*0(. -, %($) %0#% 0#* 30#5')8 (* :0#% $#Q)* &**)) %0#% 0(*%-"1 (* 5-% -571 # 3#%#*%"-.0) (5 %($) .#*%B 9&% # .)"$#5)5%

CWl 2*3#" 4-"5#'-



3#%#*%"-.0)B %0#% (* -33&""(5' 0)") #58 5-:B (5 %0) .")*)5% %($)O U% (* ,"-$%0) "#8(3#7(*$ -, %0(* *0#")8 .")*)5% %0#% %0) 3-5%)$.-"#"1 *%#') %"()* %-

%#Q) 30#"') -, # .#*% %0#% (% 8-)* 5-% Q5-: 0-: %- $#Q) .&97(3B 9&% %0#% (*%-:)"(5' -;)" (%O

S-: %- %#Q) 30#"') -, %0(* 5): 0(*%-"1 %0#% %#Q)* .7#3) 5-:0)") #580#..)5* (5 #77 .7#3)* *($&7%#5)-&*71O 60)") %- 9)'(5Z _)"0#.* :(%0 #:-"8B %0#% :-"8 %0#% *%#"%* %- ")*-5#%) (5 *3)5#"(-* #* %0) 5(5)%()*."-'")**B # 9(-'"#.0(3#7 :-"8B (5 %0) ,("*% .)"*-5B # :-"8 *#(8 0)") #585-:B %0) :-"8 #* # $-8) -, #3%(-5T %- 9)'(5 :(%0 %0) $-*% ($$)8(#%)B :(%0%0) 9)'(55(5' -, #77 *%-"()*B :(%0 %0) 9-81 %0#% *.)#Q* -" %"()* %- *.)#QB %-

9)'(5 %- &58)"*%#58 *-$)%0(5' -, :0#% 0#8 0#..)5)8B -, :0#% :#*0#..)5(5'O I0#% (* :0)5 9#77)% 8#53)"* *%-. 8#53(5' #58 #3%-"* *%-..)",-"$(5'B # ")3&""(5' ')*%&") (5 %0) CD4 %0#% 5-: #3`&(")* # *-3(#78($)5*(-5 %0"-&'0 # ;)"9 8(")3%)8 8(")3%71 %- %0) .&97(3 (5 %0) ,-"$ -, #`&)*%(-5M$#"QO 60#% (* :-""1(5' (* 5-% %0) 3-5%)5% -, %0) :-"8B 9&% %0)8(*-"()5%#%(-5 -, %0) ')*%&")O I0) #3%-" #*Q* %0) #&8()53)B ").")*)5%(5'*-3()%1B %- '(;) $)#5(5' %- :0#% 0)B #* #5 (58(;(8&#7B (* 8-(5'O I0) #&8(M)53) 7--Q* -5 (5 *(7)53)B 5-% Q5-:(5' :0#% (* 0#..)5(5'B 9&% *-$)%0(5' (*0#..)5(5'T # ;-(8 0#* -.)5)8 9)%:))5 S(*%-"1 #58 %0) (58(;(8&#7B 9)%:))5%0) #"%(*% #58 0(* 0(*%-"1O

>% %0) 9)'(55(5' -, %0) )('0%()*B )$)"'(5' ,"-$ %0-*) 8)3#8)* -, ");-7&M%(-5 #58 8(*3-&"*) -5 0(*%-"1B >7#(5 X#8(-& ?CDDGH "),)"")8 %- %0) J8)7#1-5 %0) .#"% -, ."-,)**(-5#7*B %0) 8(*(50)"(%#53) -, #3%-"*K ,-77-:(5' %0)3"(*(* -, 37#**(3#7 .-7(%(3#7 3#%)'-"()* %0#% 0#8 3)#*)8 ,&53%(-5(5'B -" #%7)#*% :(%0 %0) ),,(3()531 -, ,-"$)" %($)*O X#8(-& :#* 5-% "),)""(5' %- *%#')#3%-"*B -, 3-&"*)B 0) :#* "),)""(5' %- *-3(#7 #3%-"*B 9&% .)"0#.* %0) #,,("M

$#%(-5 3-&78 #7*- 9) )N%)58)8 %- #"%(*%(3 #3%-"*O

!)$-3"#3()* ?(8)5%(,()8 #* # 3-53).%(-5 -, J7(9)"%1K 8);-(8 -, (8)-7-'1HB)58)8 &. -33&.1(5' %0) .-*% .");(-&*71 0)78 91 J."-'")**K #* %0) 8"(;(5',-"3) -, 0(*%-"1O I0)") 3-$)* # %($) :0)5 %0(* 3-53).% #3`&(")* # Q(58 -, %)7)-7-'(3#7 8($)5*(-5 ?J#3"(%(3#7 01.-*%#%(*#%(-5KB *#1* X)5A#$(5 (5 0(*A%%B %4 =1##16'# R EgB EHB 7(Q) # A-&"5)1e* )58 :0)5 3-5,7(3%* :-&78 9)")*-7;)8O X&% %0) A-&"5)1 )58)8 #58 %0) 3-5,7(3%* :)") 5-% ")*-7;)8O 6)*%(77 0#8 %0) 3-5,7(3%*B %0#% ;(-7)53) "),)"")8 %- 91 @-8"('- <#"3V#B 9&%

:(%0-&% # *1*%)$ -, ").")*)5%#%(-5 %0#% #33-&5%* ,-" %0)$B %0#% 0)7.* %-.&% %0)$ (5 -"8)"B -" #% 7)#*% %- *)) :0)") :) #") (5 %0) ,#3) -, %0)*)3-5,7(3%*B :0)") %- *(%&#%) -&"*)7;)*O

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 CWG



I0#% (* :0)") *&88)571 %0) *%#') ")#..)#"*B 7(Q) # 3-$.#** %0#% *(%&#%)*&*B 5-% 5-: (5 %($) 9&% (5 *.#3)B # $)30#5(*$B 5-% ,-" 3-5*%"&3%(5' -"

8)*%"-1(5' 0(*%-"()*B 9&% ,-" *))(5' :0)") #") 1-& #58 :0)") #$ UB #58 -;)"%0(* J8"#$#%&"'(3#7K 8($)5*(-5B ?%0#% (*B *.#%(#7HB %- %"1 %- ")*%-") # 3)"%#(5")7#%(-5*0(.B # 0(*%-"(3#7 0-"(c-5B );)5 (, (% (* -5) -, 3-5,7(3% ?-" )*.)3(#771*-B (, (% (* -5) -, 3-5,7(3%HO

I0) ")*%-"#%(-5 -, *.#3) %- $#Q) 0(*%-"1 .-**(97) -53) #'#(5T # ")*%-"#%(-5%0#% 9)'(5* :(%0 %0) $-*% ($$)8(#%) *.#3)B %0) 0)") #58 5-: ?:0(30 (*#7*- %0) $-*% .-7(%(3#7H &.-5 :0(30 #51 %0)#%"(3#7 :-"Q (* 3-5*%"&3%)8B %0)."#'$#%(3 3-5%)N% -, *%#') 3-$$&5(3#%(-5 &.-5 :0(30 :) )58)#;-&" %-

.")*)5% %0) 0(*%-"1 -, &*O U5 %0) )58 %0) $-*% 8(,,(3&7% :#* 0(*%-"1 -" #*<-8#"8 *#1*B -53) #'#(5 %0) $-*% 8(,,(3&7% (* %- 9&(78 %0) 5#""#%(-5 -, :0#%:) #") 8-(5' "('0% 5-:O >58 %0)") -5) 0#* %0) ")3&""(5' ($#') -, %0)^")530 8(")3%-" :"(%(5'B 7--Q(5' %0(5Q(5'q .)",-"$(5' (5 %0) ,#3) -, 0(*%-"1B (5 %0) ,#3) -, 0(* *%-"1O U% (* (5 %0(* 0)") #58 5-:B "('0% #% %0)$-$)5% -, 0#;(5' %- $#Q) 0(*%-"1B -, 0#;(5' %- ,#3) %0) .#*%B ,"-$ #*.)3(,(3 .")*)5% $-$)5%B %0#% %0(* 0(*%-"1B #* 1)% &59-"5B (* 5- 7-5')" #$)") 8(*3-&"*) -" %#7)B 9&% 0#* 9)3-$) # 5)3)**(%1 %0#% -5) 8-)* 5-% `&(%)Q5-: 0-: %- 8)#7 :(%0O

r&#5 !-$V5'&)cB :0- 9)3#$) .#"% -, %0) 0(*%-"1 -, 8#53) #* # 8#53)"$#Q(5' 0(* -:5 0(*%-"1 #* # .)"*-5 (5 %0) ")#7$ -, 8#53)B "),)"")8 %- %0))('0%()* #* # %($) :0)5 5-9-81 :#* ;)"1 Q))5 -5 '-(5' -5 #9-&% %0) .#*%:(%0 #77 %0-*) *%-"()* -, 8(3%#%-"*0(.* #58 8(3%#%-"*B ,-3&*(5' "#%0)" -5 #.")*)5% 7(;)8 #% # .#3) -, &"')531q#5 &"')531 #9-;) #77 %- ,7)) ,"-$ *&30# '"($ .#*%O U5 %0) )('0%()*B *#(8 r&#5 !-$V5'&)cB J:) :)") 1-&5'B :) %"()8%- )5A-1 -&"*)7;)* #* $&30 #* .-**(97)B :(%0-&% %0) d8"#'e -, %0-*) :0-

0#8 *&,,)")8 7(,) &58)" ^"#53-O 6) :)") %-%#771 #.-7(%(3#7B 9&% #7*-.")3(*)71 9)3#&*) -, %0#%B ;)"1 .-7(%(3#7K ?4-"5#'- CDD\FEnlHO

I0-*) 3#"),")) 8#1* -, )&.0-"(# :)") %- 30#5') *&9*%#5%(#771O I0) $-*%*('5(,(3#5% #*.)3% -, 0(*%-"(3#7 '#c(5' (* 5-% %0) 8(")3%(-5 -, %0#% '#c)%-:#"8* %0) .#*%B 9&% %0) .7#3) ,"-$ :0(30 %0) '#c) (* ,-3&*)8B %0)*3)5#"(- %0#% (* 3-5*%"&3%)8 :0)5 '#c(5'B '#c(5' #% -5)*)7,B '#c(5' #% %0)#&8()53)B '#c(5' #58 `&)*%(-5(5' #9-&% %0) 0)") #58 5-: -, %0) '#c)(%*)7,B -, %0) ;)"1 #3% -, ?%0)#%"(3#7H 3-$$&5(3#%(-5O I0)") -5) 3")#%)* #

8"#$#%&"'1 %0#% .)"$(%* # ");(*(-5 -, %0) .#*% #* # ,-"$ -, %0) .")*)5%B -"#% 7)#*% #* # `&)*%(-5 $#"Q #9-&% %0) .")*)5% .-3Q$#"Q)8 :(%0 5#""#%(;)*,"-$ 0(*%-"1O

CW\ 2*3#" 4-"5#'-



_-7(%(3* -, ").")*)5%#%(-5 %0#% 5- 7-5')" *)";) #* ").")*)5%#%(-5* -, .-7(M%(3*T %0#% (* :0)5 %0) ")*%-"#%(-5 -, %0) .#*% %#Q)* -5 '")#%)" &"')531 #* #

,("*% *%). %-:#"8* %"1(5' %- -"()5% -5)*)7,B %- %"1 %- .7#3) -5)*)7, 9),-")*-3()%1B %0#% (* (5 ,"-5% -, #5 #&8()53)B (5 ,"-5% -, #5-%0)"B ,(5#771 (5 ,"-5%-, -5)*)7,O I0) 3-5,7(3% (* #9-;) #77 %0) 3-5,7(3% -, %0) ."#'$#%(3* -, 3-$$&5(3#%(-5FK U #$ 0)")B 1-& #") %0)")K *#1* @-9)"% o"#$)" (5 A'&3".

CDEFD B )537-*)8 (5 # %(51 *.#3) (5 # 9#%0"--$B ,#3) %- ,#3) :(%0 %0) 3#$)"#T#58 *&""-&58(5' %0(* ."-N($(%1 # *.#%(#7 3-5,7(3% (* 3")#%)8B %0#% `&)*%(-5*%0) 7-3#%(-5 -, %0-*) (5;-7;)8O

I0) (5%)"5#7 3-5,7(3% %0#% &*)8 %- )N(*% *&""-&58(5' %0) .-**(9(7(%1 -"($.-**(9(7(%1 -, ").")*)5%#%(-5B :0(30 (5 # *)5*) "),7)3%)8 %0) .-**(9(7(%1-" ($.-**(9(7(%1 -, 0(*%-"1B 0#* 5-: %&"5)8 #58 (* #($(5' #% %0) #&8()53)B:0(7) #% %0) *#$) %($) .)"$(%%(5' -5) %- ;(): %0) .-*(%(-5 -, %0) 3")#%-"B%0&* 3")#%(5' # *(5'&7#" :-"Q *.#3)O I0) 8(*3&**(-5 -5 %0) 7($(%* -, ").")M*)5%#%(-5 %0#% ,)#%&")8 (5 $&30 -, %0) 0(*%-"1 -, b-8)"5(*$ (* 5-: ")3-5M*(8)")8 ,"-$ %0(* -%0)" 8"#$#%&"'(3#7 .7#3)O

P)% &* )N#$(5) # 3-53")%) )N#$.7)O I0) 30#"#3%)"* -, o#5%-" :)")

")%&"5(5' ,"-$ 0(*%-"1B ,"-$ %0) C58 6-"78 6#"T %0)1 ")%&"5)8 3-5;)"%)8(5%- #3%-"*B (5%- 9#8 #3%-"*B #3%-"* :0- ,-"'-% %0)(" "-7)*B :0- :#58)")8-,,B :0- *%#"%)8 8-(5' *%&.(8 %0(5'*B *0-:(5' %0)(" ")#" )58* -" 37)#5(5'%0)(" ,))%B #3%-"* :0- &*&".)8 %0) "-7) -, 0(*%-"(3 30#"#3%)"*B #3%-"*B (5 #5&%*0)77B :0- 9)%"#1)8 0(*%-"1 :(%0 %0)(" ("");)")53) #58 7#3Q -, 8(*3(.7(5)B:0- %0)"),-") 9)%"#1)8 ").")*)5%#%(-5O U5 %0) :-"Q -, o#5%-"B 0(*%-"1B #* #$)$-"1B (* 3-5*%"&3%)8 #* %0) %0")*0-78 -, 8(*.)"*(-5 #58 ")#""#5')$)5%-, %0) .#*% #"-&58 -5)*)7,B # .#*% %0#% #..)#"* 5-% 9) '-(5' ,-":#"8Oo#5%-"e* '#c) -5 %0(* .#*% '#c)B #* # $#*%)" -, 3)")$-5()*B :(%5)** %- 0(*-:5 0(*%-"1B .)"*-5#7 #58 .-7(%(3#7B # 0(*%-"1 %0#% -33#*(-5#771 #..)#"* %- 9) )*3#.(5'B #7%0-&'0 5-% %0) ,-"$#7 3-5*%"&3%(-5 &.-5 :0(30 (% (*.")*)5%)8B :0(30 (* .)",)3%71 8),(5)8 (5 *3)5(3 %)"$*O I0) #&8()53) 7--Q*-5 :(%0 9):(78)"$)5% #% %0(* *.)3%#37) -, 3-5,7(3% 9)%:))5 %0) 3")#%-" #580(* .#*% 0(*%-"1B 9)%:))5 $)$-"1 #58 %0) .")*)5%B #58 (5 %0) )$.%1 *.#3)%0#% '"-:* 9)%:))5 -5) #58 #5-%0)"B %0) *.)3%#%-" ,(58* 0($*)7, %"#..)8O

o#5%-"e* ;():B ,"-$ %0) .")*)5% 3-5*%"&3%)8 %0"-&'0-&% %0) .)",-"$#53)B

(* 3-$.#"#97) :(%0 %0#% ')*%&") -, X)5A#$(5e* >5')7B :0-*) ,#3) (* 7--Q(5' 9)0(58O X-%0 #") %&"5)8 %-:#"8* %0) .#*% #58 *)) # 30#(5 -, 3#%#*%"-.0)*7)#8(5' &. %- %0) .")*)5%O

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 CWW



I0(* J)N3).%(-5#7K *%#%) (5 :0(30 o#5%-" &5,-78* 0(* .)",-"$#53)*B %0):#1 (5 :0(30 %0)1 %&"5 -5 %0)$*)7;)*B #* :)77 #* %0-*) -, -%0)" 3")#%-"* -,

%0) *(N%()* #58 *);)5%()*B 9)'(5 %- 5-"$#7(*) :(%0 %0) #""(;#7 -, 8)$-3"#M3()* #58 %0) )58 %- %0) *-M3#77)8 #;#5%M'#"8) $-;)$)5%* %0"-&'0 %0)("."-,)**(-5#7(*#%(-5O 6(%0 %0) 5(5)%()* :0)5 $(7(%#"1 3-5,7(3% -53) #'#(5%#Q)* 3)5%") *%#')B :) $('0% 0#;) %- %0(5QB #* >'#$9)5 *#1*B %0#% %0))N3).%(-5#7 0#* 9)3-$) %0) "&7)O >58 %0#% ;)"1 *#$) )N3).%(-5#7 5#%&") -5:0(30 *-;)")('5 .-:)" (* "#(*)8 (* '-(5' %- 9)3-$) );)" $-") ;(*(97)B8)).71 )$9)88)8 (5 %0) 7)'(%($#31 3"(*(* -, 8)$-3"#%(3 *1*%)$*O

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

I0) ")7#%(-5*0(. 9)%:))5 %0(* #3%-" #58 0(* J0(*%-"(3K .#*% (* '-(5' %- 9)*)% -&% (5 # 8(,,)")5% :#1B 9)3#&*) %0(* .#*% (* 9)'(55(5' %- 9)3-$) 8(,,(M3&7% %- *))O I0#% -,,(3(#7 .#*% 9)3-$)* (53")#*(5'71 7)** 3")8(97)B 9&% 5);)"M%0)7)** %0)") (* #5 (53")#*(5' 5))8 %- '- 9#3Q #58 $#Q) (% ;(*(97)B #*0(*%-"1 $#Q)* (%*)7, );)" $-") .")*)5%O

I0) -571 "),)")53) %- %0) .-7(%(3#7 .#*% (5 G1: 31: 31: 31: 31 B # *-"% -, 315(3#7#&%-9(-'"#.01 91 @-')" X)"5#% (5 CDD]B (* # $#"'(5#7 "),)")53) %- %0) b#1

9#5QM0-7(8#1 ,)*%(;(%()*B :0(30 %0) #"%(*% #%%)58)8 #* # 30(78 :(%0 0(*.#")5%*O h)#"* 7#%)" 0) ")$)$9)"* %0#% .7)#*#5% ,))7(5' -, 3-77)3%(;)5)**B#58 0) (* );)5 *%"&3Q 91 %0) )N(*%)53) -, # *%#77 ,-" %0) JY158(3#%) -,

gDD 2*3#" 4-"5#'-



I0)#%") 6-"Q)"*KB #* # Q(58 -, *('5 -, %0) .#*%O WWs -, .)-.7) %0)") [0)#88*[ :)") -;)" ,(,%1 -" *(N%1 1)#"* -78O S(*%-"1B (5 %0) 37#**(3#7 *)5*) -,

%0) %)"$B 0#8 #')8O

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

>7$-*% ($$)8(#%)71 #,%)" (5*(*%(5' (5 #5 #*.("#%(-5 ,-" %"#5*.#")531B -5)")#8* %0) ,-77-:(5'F J60#% U 7(Q) #9-&% ,#*0(-5#97) *0-:* (* %0#% %0)1 8-5-% 0#;) #51 *%-"1KO I#Q(5' (5%- #33-&5% %0) '#$) -, (8)5%(,(3#%(-5 #588(*%#53) :(%0 :0(30 %0(* *-"% -, *)7,M.-"%"#(% (* '-(5' %- 9) 3-5*%"&3%)8B

0-: 3#5 -5) &58)"*%#58 %0(*Z I0) 5-5 3-5*%"&3%(-5 -, # *%-"1 -5 %0) -5)0#58 #58 %0) #*.("#%(-5 ,-" %"#5*.#")531B ,-" %"&%0B #..)#" -53) #'#(5 %- 9) *(%&#%)8 (5 %:- -..-*(5' 3#$.*O I0#% %"#5*.#")531 9)(5' "),)"")8 %-(8)5%(,()* %0) 9-81 #* # .7#3) -, %"&%0B 9&% %0#% .7#3)B 8-)* (% 7#3Q # *%-"1ZI0) `&)*%(-5 (* #*Q)8 (5 # ."-;-3#%(;)71 5#i;) $#55)"B *($(7#" %- %0#%#,,("$#%(-5 JU 0#;) 5-%0(5' %- ")$)$9)"K ,"-$ b#"%# <#7k5B %0#% 3-&78 9).#"#.0"#*)8B 3-5%(5&(5' (5 %0(* %-5) -, #5 '.41.$ $'&&"?3'B :(%0 #5-%0)"*)"()* -, `&)*%(-5*F 60#% 0#;) U %- 8- :(%0 -,,(3(#7 0(*%-"1B :0#% 0#;) U %-8- :(%0 %0) ,7#'* %0#% #..)#" -5 $1 .#**.-"%B -5 $1 (8)5%(%1 3#"8B -5 $1 9&*(5)** 3#"8Z U* (%B (5 ),,)3%B %0#% U 0#;) 5-%0(5' %- :(%0 %0)$Z

I0) "),7)3%(-5* %0#% *-$) #"%(*%* #58 # .#"% -, %0)#%"(3#7 :-"78 (5 ')5)"#78);)7-. (5 %0) ,("*% .)"*-5 %-:#"8* %0) 7#%%)" .#"% -, %0) 5(5)%()*B 3#5 #7*- 9) &58)"*%--8 #* # $#55)" -, ")%0(5Q(5' %0#% ")7#%(-5*0(. :(%0 %0) .#*%%0#% #..)#")8 %- 0#;) 9))5 7-*%O Y&30 "),7)3%(-5* %)58 %- 9)'(5 :(%0 %0) 9)'(55(5'B :(%0 -5)e* 9-81B :(%0 %0) #"%(*%e* .)"*-5#7 0(*%-"1O I- *.)#Q -, -5) -:5 0(*%-"1 (* # ,-"$ -, ")3-5*%"&3%(5' # 0(*%-"(3 0-"(c-5B I0) 9-81

#..)#"* #* # c)"-M*.#3) (5 0(*%-"1B # .7#3) ,"-$ :0(30 %- #'#(5 3-5%)$M.7#%) 0(*%-"1B :(%0-&% 8(*.)5*(5' :(%0 %0) $-*% %#5'(97)B %0) $-*% ($$)M8(#%)O

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 gDE



I-:#"8* %0) )58 -, G1: 31: 31: 31: 31 %0)") (* # $-5-7-'&) 91 r&#5 R#;#""-(5 :0(30 :0(7) Q(3Q(5' #:#1 #% # 9#77B %0#% 0(%* %0) :#77 -, %0) *%#')B 0) (*

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q ?7#3Q(5' #51 Q(58 -, (8)-7-'1B 0) '"#*.* #% %0) *$#77)*%B %0) $-*%($$)8(#%)HK

U5 0(* 7#%)*% *0-:* *&30 #* 2%0"." >,?3"- -" =,&' H%".-"+'.-' @-')" X)"5#%)$.%()* %0) *%#')B (5 %0) 3)5%") -, :0(30 0) .7#3)* %0) #&8()53)B #* %0).)"*-5(,(3#%(-5 -, %0) .&97(3 *.#3) (%*)7,B (5 :0(30 # 3)"%#(5 0(*%-"1 -, 3-77)3%(;(%1 (* (5*3"(9)8O >5 -.)"#%(-5 #..#")5%71 *- 8)$-3"#%(3 ");)#7*0-:);)" # .)",)3%71 $#5#')8 $)30#5(*$B 7(Q) %0-*) $#5#')8 8)$-3"#3()*6-7(5 "),)"* %-O I0(* 0) #77&8)* %- (5 %0) 5#$) -, %0) '"-&. %0#% *('5* %0)*):-"Q*F ^^^ ?I0) ^"()5871 ^#3) -, ^#*3(*$HO m58)" %0) '&(*) -, -.)55)** %0)

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

U5 *.(%) -, %0(* #..#")5% 8(*#**-3(#%(-5 9)%:))5 .&97(3 *.#3) #58 ."(;#%)*.)3%#%-"B -" 9)%:))5 .-7(%(3#7 0(*%-"1 #58 .)"*-5#7 %"&%0B f("5- ?CDDgH.-*)* %0) ,-77-:(5' `&)*%(-5 #* %0) *%#"%(5' .-(5% -, 0(* *%&81F J601 (* #77-&" )N.)"()53)B (537&8(5' %0) $-*% (5*('5(,(3#5%B # 7"#$%&"- )N.)"()53)ZKB -"(5 -%0)" :-"8*F 60#% ")7#%(-5*0(. )N(*%* 9)%:))5 .")*)53) #58 5-5M#3%&#7BJ5-:K #58 J%0)5KZB U ."(;#%) [ U .&97(3B :0(30 #'#(5 .7#3)* %0) `&)*%(-5#9-&% %0) .#*%B #58 ,(5#771 #9-&% 0(*%-"1B ,("$71 9#3Q 3)5%")M*%#')O

U% (* 5-% 8(,,(3&7% %- )53-&5%)" #5 )30- %- %0)*) `&)*%(-5* (5 :-"Q* :0(30(5 ;#"1(5' $#55)"* 0#;) %"()8 %- )*%#97(*0 *-$) Q(58 -, 7(5Q 9)%:))5 %0)).0)$)"#7 -, %0) *%#') ?-" -, 7(,)HB %0) ).0)$)"#7 #58 (5%($#%) -, %0#% )N.)M

gDC 2*3#" 4-"5#'-



"()53) %-78 (5 %0) ,("*% .)"*-5B #58 %0) 0(*%-"(3#7 3-5%)N% %0#% *&""-&58* (%OU5 #5 #%%)$.% %- &58)"*%#58 %0(* $))%(5' .-(5%B 4#"7-* b#"`&)"() ."-.-*)*

)5 G,-&'-"1: 1.+ $7' +"##"+'.$ ?''$3' %0) ($#') -, %0(* 7(%%7) (5*)3% :#7Q(5'(5 #5 &5'#(571 ,#*0(-5 -;)" # 5#Q)8 9-81F J# 3#*&#7 :(%5)** -, $1 %($)B U:#7Q 37&$*(71 %0"-&'0 0(*%-"1 7(Q) %0) 9))%7)/-;)" $1 9-81 tqu #58 (5 %0)*#$) :#1B ,#3)8 :(%0 %0) 9))%7)e* :#7QB U #*Q $1*)7, #9-&% $1 (58)3(*(-5#58 7('0%5)** -5 *%)..(5' &.-5 0(*%-"1OK

^&"%0)" -5 (5 %0) *#$) :-"QB <-5c#7- 4&5(77 ")3#77* 0(* *.#%(#7 ."-N($(%1B%- %0) .7#3) :0)") (5 EWGl %0) 3-&. 8ev%#% %--Q .7#3) (5 >"')5%(5#O 60#%0#* -5)e* .)"*-5#7 7(,)B -5)e* (5%($#%) *(8)B %- 8- :(%0 0(*%-"1B :(%0 -5)e*-:5 .#*% 0(*%-"1B -5)e* *%-"()*Z I0(* "),7)3%(-5 9)3-$)* #33)5%&#%)8 (5CDD]B :0)5 #88)8 %- %0) %)$.-"#7 8($)5*(-5 -, %0) %(%7) #") #88)8B (5 9"#3Q)%*B %0")) #..)58(3)* :(%0 # 37)#" *.#%(#7 $)#5(5'F %0")) .-"%"#(%*eB%0")) 7#58*3#.)* #58 # *%(77 7(,)O U5 %0) ,("*% -, %0)*) 7#58*3#.)* -5) (**0-:5 %0) .7#3)* :0)") %0) X#%%7) -, X"&5)%) %--Q .7#3)B *.#3)* ,"-$ %0).#*% #58 *.#3)* ,"-$ %0) .")*)5%B %0) #"%(*% -5 *%#') %"1(5' %- 3-$.")0)58%0) *-""-: -, %0) *%-"1F

b1 0-&*) (* %0)")B U 7(;) *&""-&58)8 91 %0) *#$) -#QM%"))*U$$-9(7) :(%5)**)* -, %0) %:)5%1 %:- 8#1* -, %0) X"&5)%) 9#%%7)

>58 (%* %0("%1 ,(;) %0-&*#58 8)#8O

I-8#1 U *)#"30 ,-" %0)(" #5-51$-&* .-"%"#(%*B

,#8)8 5-: :(%0 %0) 7#58*3#.)B :(%0-&% )1)*B #7")#81 8(**-7;)8 (5 %0)

*-(7O

I0)*) #") $1 0(88)5 0(*%-"1O

?b#"`&)"()B CDDnF EW\HO

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m57(Q) o#5%-"B :0)5 0) *.-Q) -, %0) 5))8 %- ,(58 # *.#3) ,-"

# 8"#$# %0#% #7")#81 )N(*%)8B %0#% 3#$) %- %0) *%#') ,"-$ -&%*(8)B ,"-$0(*%-"1B #58 ,-" :0(30 -5) 0#8 %- 3")#%) # $#%)"(#7 *%#') .")*)5%B %0#%:-&78 9)3-$) # 0#..)5(5'B # %0)#%"(3#7 0#..)5(5' (5 ")*.-5*) %- #

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 gDg



8"#$#%(3 0#..)5(5'B 0(*%-"1O Y($(7#"71 %0) *%#'(5' -, # ."(;#%) (8)5%(%1 %0#%7-*% 5- %($) (5 %&"5(5' (5%- %0) -%0)" ,#3) -, #5 )#*(71 ").")*)5%)8 .&97(3

JUK (* 5-: 5- 7-5')" #5 -9A)3%(;)O

R-: :0#% :) 0#;) #") %0) .")*)53)* ,"-$ :0(30 :) 8).#"%)8B %0) *.#3)*#58 %0) 9-8()*B #3%-"* #58 .&97(3 #58 #5 (77&$(5#%(-5 %0#% ,#8)* );)"1%0(5'(5%- # *(5'7) *.#3)T #58 %0) 8(,,(3&7%1 (* %0#% :0#% )*3#.) #") %0) #9*)53)*B%0) .#*% #58 %0) 0(*%-"1 -, %0#% .")*)5%B %0#% 0#;) );#.-"#%)8 #7-5' :(%0$1%0* #58 ,(3%(-5O I0#% (* :0#% ")*(*%* 9)(5' ").")*)5%)8O S-: %- 3-5%(5&)#33-&5%(5' ,-" %0) .#*%B -, :0#% 0#* 9))5 #58 5- 7-5')" (*B :0)5 (% 0#* 9))5 %&"5)8 (5%- ($#')* #58 $-5&$)5%*Z S-: %- 3-5%(5&) $#Q(5' #%0)#%") -, #9*)53)*B -" #* o#5%-" :-&78 *#1B # %0)#%") -, 8)#%0Z

6(%0 %0) ')*%&") -, 8),)#%B -, # ,#(7&") %- %0) )58B *- >5')7(3# P(88)77#..)#"* %- *#1 (5 0)" :-"Q @ I"33 01B' <%, @.8".-"?3' I"$7 0< +'4'1$ B.")$()")8 (5 b-5%)$-" (5 CDDWO I0(* :-"Q (* .")*)5%)8 7(%)"#771 #* #8(#7-'&) :(%0 8)#%0B :(%0 r#3`&)7(5) !& _")B :(%0 8)#8 30(78")5 (5f()%5#$B :(%0 0)" -:5 *)7, :(*0 ,-" 8)#%0B I- #'#(5 0)#" (5 %0) .")*)5%%)5*) -, %0) *%#')B ,"-$ %0) %#5'(97) *.#3) -, #3%(-5 %0-*) :0- #") 5-

7-5')" %0)")B %- 7--Q ,-" %0) 3-8) -, 0(*%-"1 (5 %0-*) :0- 0#;) 9))5)N.)77)8O JH%0': +'1& -%0?1$ K1-B'$: #I%&+ %4 K%<: +%.L$ +'31<: @ 10 I1"$".6

4%& <%, I"$7 133 0< 7'1&$M N>'1B $% 0': >3'1#': #>'1B $% 0'M O'33 0' #%0'9

$7".6 ."-'PM U5 %0(* #3% -, *#3"(,(3)B -, "#.."-30)$)5% %- 8)#%0 %0"-&'0.#(5B %0) 9-81 (* *))5 #* # *.#3) 3"-**)8 91 %($)B %0) .7#3) -, 0(*%-"1O U50)" 5)N% :-"QB G1 -1#1 +' 31 4,'&Q1 (O7' 7%,#' %4 4%&-'HB >5')7(3# P(88)778"#:* # .#"#77)7 9)%:))5 0)" *)5%($)5%#7 0(*%-"1 #58 .-7(%(3#7 0(*%-"1B*-""-: #% %0) )58(5' -, # *)5%($)5%#7 ")7#%(-5*0(. #58 *-""-: #% %0)$&"8)" -, 0&58")8* -, :-$)5 (5 4(&8#8 r&k")cO X)0(58 -5) *-""-: #58#5-%0)" (* 0)" 9-81 #58 0(*%-"1B -" 0(*%-"1 :"(%%)5 -5 0)" 9-81B #58 %0).-:)" ?$#*3&7(5)H #* %0) 8"(;(5' ,-"3) -, 0(*%-"1 %0#% 7)#;)* (%* ($."(5% -5%0)*) 9-8()*O

>,%)" 0(* !%0% >%3"$"-,# %"(7-'1B @)5A(,- 9)3#$) *&9$)"')8 (5 # :-"Q:0(30 '-)* 9)1-58 %0) :-"8 -" 9-8()* (5 %0) ,("*% .)"*-5 #58 %0) 3-5,7(3%-, %0) (58(;(8&#7 :(%0 %0) *-3(#7T 0-:);)" 5)(%0)" 0(*%-"1B %0) -%0)"* -" %0)3-$$&5(%1 #") #9#58-5)8O U5 %0) *)"()*B 53 'R"3"% < '3 &'".% ?O7' 'R"3' 1.+

$7' B".6+%0H 0) ")%&"5* %- %0) %0)$) -, %0) *.#3) -, 0(*%-"1B # 0(*%-"1 %0#%(* ;():)8 ,"-$ # *.#%(#7 -&%*(8)B # 0(*%-"1 :(%0-&% 9(-'"#.0()*B :(%0-&%.#*% -" ,&%&")B 0(*%-"1 3-5;)"%)8 (5%- %($) #58 %($) (5%- 7#58*3#.)B %0#% (*B

gD] 2*3#" 4-"5#'-



*.#3)B # .")*)5% *.#3) ,-");)"B # .")*)5% %0#% (* #% -53) .#*% #58 ,&%&")B$(N)8 &. (5 %0) .)"$#5)5% 0)") #58 5-: -, %0) *%#')O U% (* # :#1 -, #'#(5

,#3(5' %0) 3-5,7(3% -, ").")*)5%#%(-5B :0(30 (* #7*- %0) 3-5,7(3% -, %0) .#*%B-, %0) -;)";(): -, 0(*%-"1B -, -%0)"*B 9&% #7*- 8(**-7;(5' (% (5%- # 3-5*%#5%?*3)5(3H .")*)5%B %0) *.#%(#7(*#%(-5 -, %($) %0"-&'0 # "01%0$ :-"Q)8 -&% (58)%#(7B # *7-: "01%0$B %0) "01%0$ -, %0(5'* %0#% 0#"871 $-;)B %0) "01%0$-, %0) ($.)"3).%(97)O I0) `&)*%(-5B .-*)8 (5 %0) %0("8 ;-7&$)B O"'0>%#

-%0% '#>1-"% ?O"0'# 1# #>1-') B ")*-&58* 0-:);)" %0"-&'0-&% %0) *)"()*T (%(* # `&)*%(-5 #9-&% %0) 0(*%-"1 %0#% :#* #58 %0) .")*)5% %0#% (*B (5 -%0)":-"8* #9-&% 3#%#*%"-.0) #58 ,#(7&")F J60)") #$ UB 3&"(-&*71 )5-&'0B (* %0)`&)*%(-5 %0#% -5) #*Q* -5)*)7, :0)5 %0) ,-")*% -.)5* &.Z 60#% ")$#(5*#,%)" #58 9),-") 8)*%"&3%(-5 #58 %0) ;():ZK ?@)5A(,-B CDEDF WHO

<-(5' -5 *%#') (* # :#1 5-% -571 -, 9)(5' .&97(3B 9&% #7*- -, 9)(5' 0(*%-"(3B%0#% (*B -, 81(5' :(%0-&% '(;(5' &. 9)(5' .")*)5%O I- &58)"*%#58 %0(*?%0)#%"(3#7H ,--%*%). #* # .1$,&13 5)3)**(%1 -, $#5Q(58B #77-:* -5) %-")$-;) 0(*%-"1 ,"-$ 0(*%-"1 %- ")%0(5Q (%B 5-% #* %0) ")*&7% -, # 3-5*%"&3M%(-5B 5-" %0) )N%)"(-"B -9A)3%(;)B 8($)5*(-5 -, ")#7(%1B 9&% #* %0) 3-58(%(-5-, 9)(5' ?0&$#5HB #* .#"% -, (%* 5#%&") ?.-7(%(3#7HO f("5- *#1*B Jb)$-"1 (*

5-% J0(*%-"(3K 91 ;("%&) -, %0) .#"%(3&7#" 3-5%)5% ?.-7(%(3#7 -" *-3(#7H -, $)$-"()*O U% (*B 0-:);)"B #* # 41-,3$< %0#% 8(*%(5'&(*0)* *(5'&7#" )N(*M%)53)KO 6(%0(5 %0(* ,#3&7%1 %0#% '#%0)"* %-')%0)" %0) 8(,,)")5% $#55)"* -, 9)(5' 0(*%-"(3B 7()* %0) *&."#M.)"*-5#7 3-58(%(-5 -, %0) (58(;(8&#7B 0(*8($)5*(-5 #* # .&97(3 9)(5'B ,"-$ :0(30 8)"(;)* 0(* %0)#%"(3#7 9)(5'O

U5 %0) ,#3) -, 0(*%-"1 #* #5 (50)"(%)8 5#""#%(-5B #* # 5#""#%(-5 -, %0) *#$)%0(5' %0#% ")%&"5* #'#(5 #58 #'#(5B # 8)%#(5)8 5#""#%(-5 %0#% ").)#%* (%*)7, -;)" #58 -;)"B 9&% %0#% [#* f("5- *#1*[ :) 8- 5-% 37)#"71 Q5-: :0#% (% (*%0#% (* ").)#%)8B %0) *%#') 8(*.7#1* # ,-"3)B # .01*(3#7B $)5%#7 #58)$-%(-5#7 3#.#3(%1B %- #3%B %- $#Q) (%*)7, .")*)5%B %- 9) .&97(3B #5-%0)",-"$ -, 9)(5' 0(*%-"1 ,"-$ # 0)") #58 5-:T %- 9) 0(*%-"(3 8-)* 5-% $)#5,-"$(5' .#"% -, 0(*%-"1B 9&% # $#55)" -, #,,"-5%(5' %0(* 0(*%-"1O >58 %0(*3#.#3(%1 9)'(5* 91 .-*(5' # `&)*%(-5B # "),-"$&7#%(-5 -, %0) -5) "#(*)8 91%0) U%#7(#5 .0(7-*-.0)" #9-&% %0) ")7#%(-5*0(. 9)%:))5 $)$-"1 #58.")*)5%B 9)%:))5 )N.)"()53) #58 0(*%-"1O I0) *%#') %#Q)* %0(* `&)*%(-5 %-# *.#3) (5 :0(30 %0) ̀ &)*%(-5 #9-&% 0(*%-"1 (* %"#5*7#%)8 (5%- # 8"#$#%&"'1

-, .7#3)*F :0)") #") 1-& #58 :0)") #$ UB ,"-$ :0)") #") 1-& *.)#Q(5' ?%0#%(*B .)",-"$(5'H #58 ,"-$ :0)") #") 1-& 7--Q(5' ?%0#% (*B .)",-"$(5'HO U% (*# 9#*(3 `&)*%(-5B .)"0#.* %-- 9#*(3 ,-" 3-$.7(3#%)8 %($)*B 9&% (5 #5 #') -,

!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 gDn



(5*%#9(7(%1B -5) 0#* %- ")%&"5 %- %0) *&9*%"#%&$ -, %0) $-*% 9#*(3B %- %0)')5)"#7 ,-"3)* -, %0) 9-81 %0#% f("5- *.-Q) -,B %- -53) #'#(5 8(*.7#1 (%*5#%&"#7 3#.#3(%()*B %0) 3#.#3(%1 %- *.)#QB %- .)",-"$B %- ")$)$9)"B %- 9).&97(3B %- 9) 0(*%-"1O I0(* 7(;(5' 9)(5'B :0(30 >'#$9)5 ?EWWWH #7*- "),)"*%-B :-&78 9) (5 3-5%"#*% %- %0) *.)#Q(5'M9)(5' -" *-3(#7 9)(5'B -5) :0-;(*(971 8(*.7#1* (5 );)"1 #3% %0#% (58)%)"$(5#%) ,-"3) -, #3%(-5B # .&")715#%&"#7 3#.#3(%1B #7$-*% ."($(%(;)B -5%-7-'(3#7 #58 );)5 .")3#"(-&*B

.)"*-5(,()8 :(%0 *%&8()8 (58(,,)")53) 91 R(#$)1e* %:- #3%-"* (5 O"'0>%# -%0% 5#>1-"% B ?O"0'# 1# #>1-'H # :-"Q (5*.(")8 91 %0) *3&7.%&")* -, r&#5b&w-cO I0) ?*%#')H .)",-"$#53) 3#.#3(%1 [-5) $('0% *#1B %- .#"#.0"#*)f("5- ?CDDgF EGCH[ *.)#Q* %- &* -, %0#% J(5*%(53%(;) .-;)"%1 -, %0) 0&$#5#5($#7B 0(* &58),(5)8 30#"#3%)"B %0) 3-5*%#5% 8(*-"()5%#%(-5 %0#% 8(*%(5M'&(*0)* 0($KB 7(Q) b#"`&)"()e* 9))%7)O

I0)*) 5#%&"#7 *3)5-'"#.0()*B -" 7#58*3#.)* -, # 5#%&"#7 0(*%-"1B -, #

0(*%-"1 -, 9-8()* [(5 %0) :-"8* -, >5'v7(3# P(88)77[B #") .-7(%(3#7 9-8()*%0#% #7*- 3-5*%(%&%) *3)5-'"#.0()* -, 1 #$1$' %4 'R-'>$"%. :(%0(5 :0#% :):-&78 3-5*(8)" %0) 5-"$#7(*#%(-5 -, 0(*%-"1B 5#Q)8 9-8()*B ."(;#%) 9-8()*B

gDl 2*3#" 4-"5#'-

S,' 0' 1?&'8' +' ?'#%# $, ?%-1 O 4#"7-* b#"`&)"()B CDDnO_0-%-F r#;()" b#"`&)"()O



!"#$#%&"'()* ,-" .-*%/#,%)" 0(*%-"1 gDG

($.)%&-&* 9-8()*B *(3Q 9-8()*B .#**(-5#%)B 9-8()* $#"Q)8 91 0(*%-"1B 9-8()* %- )5%)" #58 )N(% 0(*%-"1B # $#55)" [.01*(3#7[ -, 9)(5' 0(*%-"1 #58

*%(77 9)(5' 0&$#5B -, 9)(5' .#*% :0(7) *%(77 9)(5' %"&%0B %0) %"&%0 -, %0) .#*%%0#% 7(;)* (5 %0) (5%)5*(%1 -, %0) .")*)5%O

O7"# I%&B I1# -1&&"'+ %,$ ,.+'& $7' &'#'1&-7 >&%K'-$ TN%-"13 "016".1&"'#

". $7' -,3$,&'# %4 63%?13"Q1$"%.U ?'$I''. $7' >,?3"- 1.+ $7' >&"81$'M

V.13<#"# 1.+ +%-,0'.$1$"%. %4 ='&4%&0".6 V&$# ". G1$". V0'&"-1 WDDD9

WDCDT: %4 $7' N>1."#7 ;"."#$&< %4 N-"'.-' 1.+ @..%81$"%.M (!VXWDDY9

DZDC[9HDW9DW)M

I"#5*7#%)8 91F _)5)7-.) L#8)*O

X(97(-'"#.01F Y)) .#')OOO





!"#$%&' %)*&' ')+,- -"!"#!$% '%()$#*+!,-%. $%&./0&.& .-'1$/'

2&%'3456-' 7-58&%%

9" -'*$.6) :$- 1$+"6:$/ -% ;<<< =$- -'0,6*) 1&,& :$- ,-'$"*&,& &8-%) -6%*-,-'&%*- & ")' 1,)16)' 1,)=-'6)%&"-' .- "&' &,*-' -'0/%60&'> 1), -'*&,&?@% -% &"#$%)' 1$%*)' "&' -"&+),&06)%-' *-@,60&' -A*-%'&' B .-*&""&.&'=$-,)% 1&'&.&' 1), &"*)> ") :$- *$C) 0)8) 0)%'-0$-%06& :$- $% +$-%

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

,-0)%)06.)' 0)8) #-'*)' &$*/%*60)' - 6%0"$') .-06'6C)' .-" &,*- B .-" *-&3*,) 0)%*-81),F%-)'G S&.6- 5&+,J& 1,)%)'*60&.) -% ;<<< :$- P&% 7&$R-,'1,-'-%*&,J& -% -" Q-'*6C&" .- T&"?+$,#) ) :$- Q&+,- '-,J& -"-#6.) 0)86'&,6)



-% !C6N@%> 1), -E-81")G 7& -'*/*60& .- U)+-,* V6"')% 5& '6.) 0)8-,06&"63?&.& .$,&%*- 8$05) *6-81) B '$ *,&+&E) &5),& ") .6'=,$*& $% 1D+"60) 8$B

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

]-,8J*&%8- -%$8-,&, -% "& 1,68-,& 1&,*- .- 86 -%'&B) &"#$%)' &'1-0*)'B &0)%*-0686-%*)' 6%*-,-'&%*-' .- ")' K"-%#$&E-' -'0/%60)'L ^]&*,60- ]&C6'_&0&-06.)' 1,6%061&"8-%*- -% -" *-&*,) &"-8F%G !"#$%)' 0)%*6%D&% ")' .-'&3,,)"")' :$- -81-?&,)% & '-, 1-,06+6.)' B& -% ")' )05-%*& B ")' %)C-%*&>1-,) )*,)' 6%0"$B-% %$-C)' &0-%*)'G 2- -'0)#6.) 06%0) *-%.-%06&' .- -'*&

D"*68& ./0&.& :$-> 8- 1&,-0-> *6-%-% $% 0&,F0*-, -'1-06&"8-%*- '6%*)8F3*60)G ]), '$1$-'*)> 1).,J&% '-, 8-%06)%&.&' )*,&'\ -" &*,&0*6C) 6%*-,0$"*$3,&" B -*%)"@#60) ,-"&06)%&.) 0)% "& #")+&"6?&06@%` -" ,-%)C&.) 6%*-,/' -% -"-'1&06) B "& .68-%'6@% &$.6*6C& .-" *-&*,) -% #-%-,&"\ "& C)?> -" ')%6.)> "&1&"&+,& 5&+"&.&` "& ,-0$1-,&.& =&'06%&06@% 1), "& @1-,& ) "& 0)%*6%$& ,-=-3,-%06& & "& *,&#-.6& 0"F'60&G ]).,J& &,#$8-%*&,'- :$- /'*& D"*68& 1$-.- '-,8-E), 0)81,-%.6.& -% */,86%)' .- 0),,-'1)%.-%06& -%*,- "& *,&#-.6& &%*63#$& 1,-3.,&8F*60& B "& 1,-'-%*- 6%*$606@% 1)'.,&8F*60&G

9% "& '-#$%.& 1&,*- ,-="-A6)%&,/ ')+,- &"#$%)' *-8&' B &'1-0*)' :$- 1&,-30-% '-, 681),*&%*-' 1&,& $%& 8&B), *-),6?&06@% .-" K1&,&.6#8&L ) ")'K-'*6")'L .- ") 1)'.,&8F*60)G

[,$1)'

9% ;<<a B bcc; =&""-06-,)% 2-6%-, Od""-, B 96%&, T05"--=> B -% ")' D"*68)'

&N)' *&8+6/% ") 5606-,)% Pd,#-% [)'05> ]-*-, e&.-f> g"&$'3O605&-" [,d+-,>]6%& Y&$'05 B X5,6'*)15 T05"6%#-%'6-=G ]&,& 8$05)' -'*&' 8$-,*-' ')% $%&'-N&" B $% 'J8+)") .-" 1,)=$%.) 0&8+6) .- ")' *6-81)'G 4).)' -"")' =$-3

h;c 2&%'3456-' 7-58&%%



,)% #,&%.-' 0,-&.),-'> ,-1,-'-%*&%*-' .-" 8-E), KU-#6-*5-&*,-L ^*-&*,) .-.6,-006@%_ &"-8F%G X$"*6C&,)% %$-C)' *-,,-%)' 1&,& -" *-&*,)\ *,&+&E&%.) -%

-" "J86*- .-" K1-,=),8&%0- &,*L> ^0)8) [)'05_> 0,-&%.) 0,$0-' -%*,- -" *-&3*,) B "& .&%?& ^]6%& Y&$'05_> ") "D.60) ê&.-f_ B -% 0&.& $%& .- "&' )0&'6)3%-' 0)% $%& C6'6@% ,&.60&"8-%*- 6%.6C6.$&" .-" *-&*,) ^0)8) [,d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

E@C-%-' *,&+&E)' -% "&' &,*-' -'0/%60&'> .-%*,) B =$-,& .-" 8&,0) .- "& 6%'3*6*$06@% H-% '$ 8&B),J& ,-&"6?&.)' 1), #,$1)' :$- -A1-,68-%*&% 0)% *).)'")' *61)' .- 1)'606)%&86-%*)' .-" -'1-0*&.),> ,-.-=6%6-%.) -" *-&*,) .-.6=-,-%*-' 8&%-,&' 8F' &""F .-" 8).-") .,&8F*60)HG S) '- "& 1).,J& .-%)386%&, -A&0*&8-%*- K-'0-%& $%.-,#,)$%.L> 1$-' -' $%& -'0-%& .)%.- %)83

+,-' 0)8) T5- T5- ])1> [)+ T:$&.> ) 0)81&NJ&' 0)8) 2)==8&%% B 76%35)"8> &'J 0)8) ")' &0"&8&.)' U686%6 ],)*)f)"" 0)%'*6*$B-% "& 1$%*& .-"60-+-,#G !$*),-' :$- .6,6#-% '$' 1,)16)' *-A*)' 0)8) U-%- ])""-'05 ) Q&"fU605*-, ) "& -'*,-05& 0)"&+),&06@% -%*,- &$*),-'> .,&8&*$,#)' B .6'-N&.)3,-' .- -'0-%& &5),& ')% 1,F0*60&' =,-0$-%*-'G M-=6%6*6C&8-%*- 5&B $% ,-%)3C&.) -'1J,6*$ .-" *,&+&E) -% 0)"&+),&06@%> '6 +6-% .- $% 8).) :$- .6=6-,-.- ")' *6-81)' .- "& K0,-&06@% 0)"-0*6C&L .- 5&0- &"#$%)' &N)' H&$%:$-'@") '-& 1), $%& 6.-& 8-%)' $*@160& .-" *,&+&E) 0)"-0*6C)HG

4,&+&E&, -% 0)"&+),&06@%> &$%:$- .- %6%#$%& 8&%-,& '6% "& C)? .)86%&%3*- B "& 6%'16,&06@% .- $% &,*6'*&> -' ") :$- 5&0- -" K*-&*,)31)1L .- U-%/])""-'05> 0)% -" :$- 5& #&%&.) #,&% ,-1-,0$'6@% B 5& 8&,0&.) -" 0&86%)1&,& )*,&' =),8&' .- *-&*,) '686"&,-'G Y&,+&,& V-+-,> &0*$&"8-%*- .6,-03*),& .-" S-$8&,f* 45-&*,- -% e$,605> -' &:$J $% 0"&,) -E-81") .- -'*) 0)%'$' %)05-' K$%1"$##-.L B '$' =,-'0&' C-,'6)%-' .- *-A*)' 0"F'60)' ^/%(

/"#$( 1), -E-81")> .)%.- -" U-B 7-&, -' 1$-'*) -% ,-"&06@% 0)% "& 0$-'*6@%.- "& =&86"6&_G 7&' 6%*-#,&%*-' .-" #,$1) =-86%6'*& T5- T5- ])1 *&8+6/%

5606-,)% ,-=-,-%06& &" 0,12 /"#$ .- T5&f-'1-&,- 0$&%.) 16.6-,)% & '$'1&.,-' &1&,-0-, E$%*) & -""&' ')+,- -" -'0-%&,6) - 6%606&, &%68&.)' .-+&*-'&0-,0& .- "&' 1)'606)%-' 8$*$&' -%*,- 1&.,-' - 56E&'G

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' h;;



9% -'*- 0)%*-A*) -%0)%*,&8)' $%& ),6#6%&" 1,).$006@% :$- 1$-.- '-,.-%)86%&.& .- $%& 8&%-,& $ )*,& 0)8) 0,-&06@% -'1-0J=60&G ! ")' -'1-03

*&.),-' '- "-' 6%C6*& & C6'6*&, -'1&06)' 1,6C&.)'> & -%*,&, -% $% &8+6-%*--'1-06&" .$,&%*- $% 1&, .- 5),&' B & -A1-,68-%*&, $%& '6*$&06@% 1)0)0)8D% .)%.- '- ""-C& & 0&+) $%& &006@%> $%& "-0*$,& ) $%& 1,-'-%*&06@%G9" )+E-*6C) -' #-%-,&, $%& '6*$&06@% .- -A1"),&06@%> 6%0"$') .- 6%C-'*6#&306@%> B .- -%0$-%*,)' -A0-106)%&"-'G 9A6'*- $% 1,)=$%.) 6%*-,/' 1), *,&+&3

E&, -% B 0)% -" -'1&06) $,+&%) &'J 0)8) -% )*,)' -'1&06)' 1D+"60)' B'-861D+"60)'G T- -A1"),& -" -'1&06) $,+&%) B '$' ,-&"6.&.-' &,:$6*-0*@%630&' B ')06&"-' Û686%6 ],)*)f)"> 1), -E-81")> 1-,) *&8+6/% &"#$%)' #,$1)'8-%)' 0)%)06.)' 0)8) !,*6 X5)0f -% Q,&%f=$,*> :$6-%-' 6%*-,C6-%-% "$#&3,-' 1D+"60)' 1&,& ,-'&"*&, 0)% =),8&' *-&*,&"8-%*- 0,-&*6C&' 06-,*& ,-"-3C&%06& ')06&" ) 1)"J*60& .-" "$#&,_G ],)B-0*)' .- -'*&' 0&,&0*-,J'*60&' *,&+&3

E&% & 8-%$.) 0)% CJ.-)> *,&%'=),8&%.) $% K"$#&,L .&.) -% $% K-'1&06)L%$-C&8-%*- .-=6%6.) B &,*J'*60&i1)"J*60&8-%*- .)*&.)G U605&,. O&AR-"" B)*,)' 1$-.-% .- -'*& =),8& &0*$&, -% $% 5)*-" ) -% $% &1&,*&8-%*) 1,63C&.)G

9" *,&+&E) .- ])""-'05 5& ""-#&.) & '-, 0&.& C-? 8F' B 8F' 1)"J*60) .- $%&

8&%-,& 8F' ')=6'*60&.&` *-8&*6?&%.) %) '@") ")' 1,)+"-8&' .- "&' .68-%3'6)%-' C6,*$&"-' .-" *,&+&E)> '6%) ")' 0)%0-1*)' +F'60)' .-" -'*6") .- "& C6.&0&16*&"6'*&G !"#$%) .- ")' *J*$")' .- '$' ,-06-%*-' 1,).$006)%-' ')% 3#$4,15

4,1 ) 6#78,1,(* 07",1G [-%-,&"8-%*- '- "- ,-0)%)0- 0)8) $%) .- ")' .6,-03*),-' 8F' 0,-&*6C)' -% *,&+&E)' 0)% $% 0&"&.) 1)"J*60) 3B .- 0)8-.6&HG W%8-,3') -% $%& &*8@'=-,& .- =6-'*& ) -% $% &8+6-%*- .- 0"$+> ")' K1-,')%&E-'L5&+"&%*-' ^:$- .- 5-05) ')% -E-81")' .- 0)"-0*6C)' .- 5&+"& B %) )$#*#!,(

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

M6F")#) -%*,- -" *-&*,) B "& ')06-.&.

9" .-'&,,)"") .- ])""-'05 -' 681),*&%*- 1&,& $% =$-,*- '-#$%.) 681$"')-% -" *-&*,) .- "& 1,68-,& ./0&.& .- -'*- '6#")\ 1), -E-81")> 1&,& ,-&+,6,

h;b 2&%'3456-' 7-58&%%



-" .6F")#) -%*,- -" *-&*,) B "& ')06-.&. &+),.&%.) 8F' .6,-0*&8-%*- ")'&'$%*)' 1)"J*60)' B ')06&"-'G 9' E$'*) .-06, :$- -% -" -%*$'6&'8) .-

-%0)%*,&, ^B .- -A1-,68-%*&, 0)%_ ")' %$-C) 8-.6)' &,*J'*60)' 1)'3.,&8F*60)' H.,&8&*$,#6& C6'$&"> 8-.6)' .- 0)8$%60&06@%> =,&#8-%*&306@%> &0*$&06@% 1-,=),8&*6C&> &1-,*$,& .- -'1&06)' ,-&"-' B C6,*$&"-'3> '-5&+J& 1-,.6.) 5&'*& 06-,*) 1$%*) -% -" *,&+&E) 1)'.,&8F*60) .-'0,6*).6-? &N)' &*,F'G 9% -" &N) bccc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

)=,-0-,G 4-%-8)' $%& 1,-)0$1&06@% 8&B), 1), -" *-&*,) 8)*6C&.) 1)"J*630&8-%*-> 1-,) -% ,&,&' )0&'6)%-' 5&'*& -" 1$%*) .- )=,-0-, $% 1$%*) .-C6'*& 6.-)"@#60) -'1-0J=60)G 2&B )+,&'> -% ,-&"6.&. $%& 0),,6-%*-> ')+,-&"*)' -E-0$*6C)'> :$- '- 6%606& 0)% 9%' 3%2( .- j,' V6.8-, B :$- 0$"863%& 0)% "& 0)81"-E& 9:" <=(!"* .- Q&"f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

7& -'*/*60& .- "& =6'60&"6.&. B .- "& &"*& *-0%)")#J&> ")' ),.-%&.),-'> W%*-,3%-* ) -" $') .-" CJ.-) 1$-.-% 0)%C-,*6,'- -% "&' 5-,,&86-%*&' B -" 0&%&"1&,& $% %$-C) ,-'$,#686-%*) .-" 6%*-,/' 1), ") ')06&" B ") 1)"J*60)G 9" *,&3

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' h;h



+&E) '6% &0*),-' 1,)=-'6)%&"-' .- U686%6 ],)*)f)""> .)%.- -" -%0$-%*,) 0)%1-,')%&' K,-&"-'L -' 8F' 681),*&%*- :$- "& .,&8&*$,#6& .- $%& =6006@%> 5&

#&%&.) $%& -A*-%'& C6'6+6"6.&.> 1-,) 5&B $%& #,&% 0&%*6.&. .- *,&+&E)'8F' 8).-'*)' :$- -% -" -'1J,6*$ .-" .)0$8-%*&"> - 6%'16,&.)' 1), -" *,&3

+&E) .- U686%6 ],)*)f)""> & 8-%$.) $*6"6?&% %)3&0*),-' 1&,& "&' -A1"),&306)%-' 8D"*61"-' .- "& C6.& 0)*6.6&%&G !'J> 1), -E-81")> 2&%' V-,%-, g,k3'6%#-, B )*,)' 1)%-% -% -'0-%& .)0$8-%*)' 1)"J*60)' B 8&*-,6&"-' :$- 1,-3'-%*&% .- 8&%-,&' ')=6'*60&.&'G l -%0)%*,&8)' *&8+6/% *-&*,) ')+,- "&56'*),6& 1-,')%&" .- 6%.6C6.$)' -% 0)%*-A*)' 1)"J*60)' H6%'16,&.) -% "&'*/0%60&' .- "& 56'*),6& ),&" -% -" F8+6*) &0&./860)HG

9" 8&B), 1,)+"-8& &,*J'*60) -% 8$05)' .- -'*)' *,&+&E)' %) -' '@") "& -"-0306@% .-" *,&+&E) 1,-'-%*&.)> '6%) "& 1,-#$%*& ')+,- 0@8) .-'&,,)""&, ") :$-O&,6&%%- C&% g-,f5)C-% ""&8&,J& "&' K.,&8&*$,#6&' .-" -'1-0*&.),LG 7&.,&8&*$,#6& 1)'.,&8F*60& .-" -'1-0*&.), 0)%""-C& $%& -'1-06&" &*-%06@% B$%& 0)%*6%$& ,-="-A6@% ')+,- "& &0*6C6.&. .-" -'1-0*&.), -% 0$&%*) *&"GX)81,-%'6+"-> 1)'6+"-8-%*-> 0)8) ") -' -" .-'-) 1), *-8&*6?&, ")' &'$%3*)' ')06&"-' B 1)"J*60)'\ %) .-+-8)' )"C6.&, :$- "& .68-%'6@% C-,.&.-,&38-%*- ')06&" .-" &,*- -' "& =),8&> 0)8) -" E)C-% 7$fF0' )+'-,C@G 9% *&%*)

:$- "&' =),8&' 0)%C-%06)%&"-' .- &0*6C6.&. .-" -'1-0*&.), %) '-&% 6%*-3,,$816.&'> -" 8).) 0)%C-%06)%&" .- ,-0-106@% -% -" *-&*,) ^B -" 06%-_ *-%3.-,F & ,-.$06, & "& 6%'6#%6=60&%06&> 6%0"$') "& 8F' &*,-C6.& .)0$8-%*&06@%B 0,J*60& 1)"J*60&G ]), ") *&%*)> '6#$- '6-%.) -'-%06&" ,-0)%)0-, :$- "& C-,3.&.-,& .68-%'6@% 1)"J*60& .-" *-&*,) '- -%0$-%*,& %) *&%*) -% "& *-8&*6?&306@% .- 0$-'*6)%-' 1)"J*60&' 0&%.-%*-' ^"&' :$-> 1), '$1$-'*)> +&E) -'*&0)%'6.-,&06@% m%) :$-.&% -A0"$6.&'n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

,-0)%)0686-%*) 6%*-,%&06)%&" .- 45)8&' l'*-,8-6-,> -'*& 0),,6-%*- '- 5&-%=,6&.) 0)%'6.-,&+"-8-%*-G S) *-%#) "& 681,-'6@% .- :$- -% -'*& .6,-0306@% 8$05& #-%*- -'1-,- %$-C&' ,-C-"&06)%-' 6%*-,-'&%*-' .-%*,) .-" *-&3

h;o 2&%'3456-' 7-58&%%



*,)G M- 5-05)> -" 8&B), 681&0*) .-" 8)C686-%*) K6% B-, =&0-L =$- "& ,-0-1306@% .- T&,&5 g&%-> 0$B& -'0,6*$,& '- &"-E&+& 0&.& C-? 8F' B 8F' .- ")'

,-8&%-%*-' .-" *-&*,) .,&8F*60)> -% '$' 1,68-,&' )+,&'> 0)8) >7#(!"). B:$- ')+,- *).) 0)% ?@?A B(=-:%(,( -'*$C) 0-,0& .- '-, $% -E-81") 1-,=-03*) .- "& *-A*$&"6.&. 1)'.,&8F*60&G

X),)

9% -" &N) bcc; -" *-&*,) &"-8F% 1-,.6@ & 96%&, T05"--=> B 0)% /" &" .6,-0*),

:$- 5&+J& ,-.-'0$+6-,*) -" 1).-, .-" 0),) 0)8) $%& 5-,,&86-%*& B $% -"-38-%*) +F'60) .-" *-&*,)G W%'16,&.)' 1,-06'&8-%*- 1), '$ *,&+&E) 5)B -% .J&-A6'*-% 8$05)' 0,-&.),-' :$- 5&0-% $% &81"6) $') .- "& -'*,$0*$,& 0),&".- .6=-,-%*-' =),8&'G 9'*- .-'&,,)"") 8-,-0- '-, 8-%06)%&.) 0)8) $%&*-%.-%06& 1), .-,-05) 1,)16)G 9' )+C6) :$- -" 6%*-,/' 1), -" 0),) -A*,&"6386*& "&' -'*,$0*$,&' +F'60&' .- "& ,-1,-'-%*&06@% .,&8F*60&G M-'.- "&&%*6#d-.&. -" 0),) -' $%& ,-&"6.&. *-&*,&" :$- &+,- B ,)81- 0)% -" 0)'8)'=6006)%&" .-" 86*) ) "& %&,,&06@% .,&8F*60& B 1)%- -% E$-#) "& 1,-'-%06& .-"1D+"60)> -% -" &:$J B &5),& .-" *-&*,)> -% -" K*5-&*,)%LG ^9'*& -' $%& .- "&'

,&?)%-' 1), "&' :$- -" 0),) %) 1).,J& -%0)%*,&, $% "$#&, -% "& B%C!,-# .-!,6'*@*-"-'> 0$B& 1,6%061&" 6%*-%06@% -,& "& 0"&$'$,& .- "& )+,& .- &,*-> '$*)*&"6.&. &$*)'$=606-%*- B '$ 0)81"-*6*$._G ]).,J& 1&,-0-, :$- 96%&, T05"-3-= =$- $%& =6#$,& &6'"&.& -% "& ,-0$1-,&06@% .-" 0),)> 1-,) .-'.- ")' &N)'-% :$- '$' )+,&' 1,)C)0&,)% #,&%.-' .-+&*-' -% !"-8&%6& -" -81"-) B "&.6'0$'6@% &0-,0& .-" $') .-" 0),) %) *-,86%@ '6%) :$- #&%@ 0)%'6'*-%06&G4&8+6/% 1$-.-% '-, 8-%06)%&.)' &:$J ")' *,&+&E)' .- Z)"f-, 7k'05 :$-*,&+&E& ')+,- "& &1-"&06@% .6,-0*& &" 1D+"60) B 0)% 0),)'> 1), -E-81")> .-

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

>#1),)%( .- T056""-, -% $% -'*6") 0),&" ^&0*),-' :$- 0)81&,*-% B 0&8+6&%'$' 1-,')%&E-'> :$- 0,-&% 0)% "& C)? B -" #-'*) K$% 0)%06-,*) C-,+&"L pT*-38&%%q & "& 8&%-,& .- $%& +&%.& .- E&?? ) ,)0f_G

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' h;a



M&%?&

l*,& *-%.-%06& H.-'1$/' .- "& 1,).$006@% -% 0)"&+),&06@%> -" .6F")#) 0)%"& ')06-.&. B "& C$-"*& &" 0),)H> -' -" -%),8- B -A*-%.6.) 6%*-,/' 1), "&.&%?& B "& 1,)"6=-,&06@% .- *,&+&E)' *-@,60)' B 1,F0*60)'> -% B ')+,- "&.&%?&G

V6""6&8 Q),'B*5- -A1"),& ")' 0,$0-' -%*,- "& .&%?&> "& 6%'*&"&06@%> "& &006@%&,*J'*60&> ")' -C-%*)' =-'*6C)'> "& 6%*-,&0*6C6.&. B "& ,-=-,-%06& 1)"J*60& -%*,&+&E)' 0)8) DE*#1 F$,!"( G r'*- =$- $% *,&+&E) -'1-06&"8-%*- 681&0*&%3*-G 9% $% &81"6) -'1&06) =$-,)% 0)")0&.&' $% #,&% %D8-,) .- 8-'&' 0)%'$1-,=606-' +"&%0&' -% "&' :$- -'*&+& 1-,86*6.) -'0,6+6,G 9% "&' 1&,-.-' '-1).J&% C-, C-,'6)%-' -'0,6*&' .- ")' .-,-05)' 5$8&%)' -% .6=-,-%*-' "-%3#$&'G 7& &0*$&06@% '- ""-C@ & 0&+) .- "& '6#$6-%*- 8&%-,&\ $% #,$1) .- +&63"&,6%-' B %)3+&6"&,6%-' *-%J&% "& *&,-& .- -'0,6+6, -% "&' 8-'&' +&E) "&' 0)%3.606)%-' B ,-#"&' 8F' .6=J06"-'\ 1), -E-81")> ')'*-%6-%.) $% +)"J#,&=) -% "&

+)0& ) -% 1)'606)%-' C-,.&.-,&8-%*- 6%0@8).&'G !" 1D+"60) '- "- 6%C6*&+&& .-'1"&?&,'- "6+,-8-%*- &",-.-.), B -%*,- "&' 8-'&'G ]-,) -%*)%0-'> -% -"*,&%'0$,') .- "& &0*$&06@%> '- "- 1-.J& & ")' -'1-0*&.),-' :$- -05&,&% $%&

8&%) & ")' &0*),-'> &B$.&,"-'> B 0,-&, 1-:$-N)' #,$1)' 1&,& &+),.&, $%1,)0-') .6=J06" .- -'0,6*$,&\ $% -'1-0*&.), 1).J& 1), -E-81") -'0,6+6, $%&0&,*& ')+,- "& -'1&".& .- )*,)> :$6-%> & '$ C-?> "& *,&%'86*J& 1), #-'*)' &$% &0*), :$- .-+J& *,&*&, .- -'0,6+6,"&\ K2$8&% R,6*-' 5$8&% U6#5*'L^2$8&%) -'0,6+- .-,-05)' 5$8&%)'_G

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

0,-*&8-%*- .- ")' 0),-@#,&=)' ')+,- '$ 1,)16) *,&+&E) .-%*,) .-" K0&81)0$"*$,&"L -% -" '-%*6.) -% :$- &1$%*@ ]6-,,- Y),.6-$ ^s&C6-, 7- U)B> Y),6'X5&,8&*?> 45)8&' 7-58&%_G 7& .&%?&> 0)8) "& 1,F0*60& *-&*,&" -% #-%-,&">

h;t 2&%'3456-' 7-58&%%



-'*F 0)%'*&%*-8-%*- HB 8$05) 8F' :$- -% "& ./0&.& .- ")' %)C-%*&H 0,63*60&%.)> ,-="-A6)%&%.) B -A56+6-%.) '$ 1,)16& 1,)+"-8F*60& 0&*-#),6?&06@%

0)8) -'*/*60& ) &" 8-%)' 0)8) 1,F0*60& -'*/*60&> ,-05&?&%.) 0)% =,-0$-%306& "& 1,).$006@% &1&,-%*-8-%*- 1#H8" .- $%& =6006@% -'*/*60& 0-,,&.&5-05& 1&,& '-, 0)%*-81"&.&G

7)' &$*),-' B .6,-0*),-' -'*F% -A1-,68-%*&%.) 0&.& C-? 8F' 0)% "&' 1)'63 +6"6.&.-' .- "& .&%?& B "& 0),-)#,&=J&> 6%*-#,&%.) "& .&%?& -% '$ *,&+&E)GQ&"f U605*-,> 1), -E-81")> 0)"&+),@ -% C&,6&' )0&'6)%-' 0)% -" 0),-@#,&=)5)"&%./' !%)$f C&% M6Ef -% 9$E(! > .)%.- ")' 1,)+"-8&' ')06&"-'> "& 0,-.63

+6"6.&. 6%.6C6.$&" B -0)%@860& ) -" *-8& .- "& =&*6#& .-" '-, $%) 86'8)>

.6'0$*6.& 1), !"&6% 95,-%+-,#> ')% -A1,-'&.&' -% $%& =),8& %$-C& .- "&K.&%?&3*-&*,)L> 0,-&.& 1), $% &$*), "6*-,&,6) -% 0)"&+),&06@% 0)% $% 0),-@3#,&=) B ")' +&6"&,6%-' -% -" 1,)0-') .- ")' -%'&B)'G 7&$,-%* X5/*)$&%-> 1,638-,) ,-0)%)06.) 1), '$ &1&,-%*-8-%*- -A0"$'6C& 0)%0-%*,&06@% -% "& 1&"&3

+,& B -" *-A*)> *,&+&E& .-'.- &"#$%)' &N)' 0)% "& 0)31,-'-%06& .- &0*),-' B +&6"&,6%-' &" *6-81) :$- '6#$- ""-C&%.) & -'0-%& *-A*)' 0)%*$%.-%*-' ^2k"3.-,"6%> 7-%?> Yd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` "& 1&"&+,& -%*&3

+"& .- -'*- 8).) %$-C&' =),8&' .- .6F")#) 0)% -" -'1&06) B -" #-'*) .- $%

0$-,1) 1,-'-%*- B .&%0J'*60)G 9% -'*- 1&%),&8& -'0/%60) "& '$+E-*6C6.&.6%.6C6.$&" *6-%.- & =),8&, 1&,*- .- $% 5),6?)%*- 8F' &81"6)G 2-6%-,Od""-,\ K9% *).) 1&6'&E- -" =% -' 0)"-0*6C)LG

M-+-8)' 5&+"&, ')+,- -" 6%*-,/' #-%-,&" 1), "& .&%?& B -" 0,-06-%*- 6%*-,/'1), ")' &'1-0*)' 0),-)#,F=60)' .- "& 1$-'*& -% -'0-%&G 9'*F% ")' -'1&06)'0),-)#,&=6&.)'> ")' 8)C686-%*)' B "&' 1-:$-N&' .&%?&' -% -" *,&+&E) .-X5,6'*)15 O&,*5&"-,> -% '$ 8&B),J& E$%*) & !%%& Z6-+,)0f` ")' .$,)'1&*,)%-' 0),-)#,F=60)'> ,J*860)' B #-'*$&"-' -% "&' 1,).$006)%-' .- O605&3

-" 45&"5-68-,> :$6-% 5&+6*$&"8-%*- 1)%- -% 1,F0*60& $%& 6%*-,-'&%*- '-1&3,&06@%\ #-'*)' B 8)C686-%*)' 0),1),&"-' =$-,*-'> B .- %$-C) $% -'*,60*)6%8)C6"6'8) .-" 0$-,1)> &" *6-81) :$- ")' &0*),-' 1,)%$%06&% '$ *-A*) 0)%

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' h;u



=,-0$-%06& & #,&% C-")06.&.G ]).-8)' 5&+"&, &:$J .- $%& ,$1*$,& 0)% $%&,-1,-'-%*&06@% %&*$,&"6'*&G O6-%*,&' "& ,-1,-'-%*&06@% .,&8F*60& *,&.606)3

%&" .-'.- 7-''6%# 5&'*& T*&%6'"&R'fB 6%*-%*& 0,-&, "& 681,-'6@% .- $% 0)831),*&86-%*) K%&*$,&"L> -'*- '-%*6.) &:$J '- &+&%.)%& -% =&C), .-" 1,6%06316)> .- &"#$%& 8&%-,& +,-05*6&%)> .- -A1)'606@% 0)%'06-%*- .- $% "-%#$&3

E- 8$05&' C-0-' &,*6=606&" B H-% 1&,&"-")H $% ,-1-,*),6) 1,-06') .- #-'*)' B.- 8)C686-%*)' .-" 0$-,1)G

S&,,&06@% B *-&*,) .-" &0*) .- 5&+"&

l*,& *-%.-%06& H"& %D8-,) 06%0)H :$6?F 1$-.& .-'1-E&, &"#$%)' 1,-E$606)'')+,- -" 1&1-" B "& 681),*&%06& .- "& 1&"&+,&G 9" "-%#$&E- .-" 0$-,1) %) ")-' *).)G j%& %$-C& 681),*&%06& .-" *-A*)> "& 1&"&+,&> 1,6%061&"8-%*-\ .- "&%&,,&06@% '- 1$-.- )+'-,C&, 0@8) =$- '$1"&%*&.& -% ")' )05-%*& B 1,6%06316)' .- ")' %)C-%*& 1), "&' -A1"),&06)%-' .- ") C6'$&"> &$%:$- "& .68-%'6@%C-,+&" %$%0& ""-#@ & .-'&1&,-0-, ,-&"8-%*-G 2&B -% -'*- 8)8-%*) $% #,&%%D8-,) .- *,&+&E)' *-&*,&"-' +&'&.)' -% *-A*)' /160)' ) -% %)C-"&'G 7)'.6,-0*),-' #-%-,&"8-%*- 1,-=6-,-% ")' *-A*)' /160)'> %&,,&*6C)'> - 6%0"$')

0)8-%*&,6)' 56'*@,60)' ) *-A*)' *-@,60)' & *-A*)' -A1"J06*&8-%*- .,&8F*630)'G 9" *-&*,) 5& .-'&,,)""&.) .6=-,-%*-' 8&%-,&' .- 0)%*&, 56'*),6&' '6%*-%-, :$- C)"C-, & 0&-, -% "& *,&.606@% .- $%& 686*&06@% .,&8F*60& ,-&"6'*&B -% "& =6006@% 0-,,&.&G 9% )0&'6)%-' '- ,-0$,,- "& ,-=-,-%06& & "& %&,,&06@%06%-8&*)#,F=60&G j% .6,-0*), 0)8) U)+-,* 7-1&#- 5&0- $% $') ')=6'*60&.).-" -'*6") 06%/*60)> -" CJ.-)> -" 06%-> "& %&,,&06@% /160&> -" 0)""&#- B )*,)',-0$,')' *-0%)"@#60)'G 9% ])")%6&> [,?-#),,? P&,?B%& 56?) 3#(! I"(! ^6"7"5

J$#-,K1_ & 1&,*6, .- "& 1-"J0$"& .)#8& .- 45)8&' Z6%*-,+-,#> &" 6#$&" :$-") 5606-,)% C&,6)' *-&*,)' -% !"-8&%6&G ]-*-, [,--%&R&B -'*,-%@ -% -" bcc;

$%& 1,).$006@% ""&8&.& L%7) -% Q,&%f=$,* &8 O&6%G 9' 6%*-,-'&%*- '-N&"&,:$- v%#-"& T05&"-%-0> 1-,*-%-06-%*- & "& %$-C& -'0$-"& .- .6,-0*),-' .-06%- .- Y-,"J%> *&8+6/% *,&+&E& -% *-&*,)G ^7& .-%)86%&.& -'0$-"& .- Y-,"J%'- 0)%0-%*,& -% $% -'*6") .- %&,,&06@% .-"6+-,&.&8-%*- .-'.,&8&*6?&.) B:$- -%=&*6?& "& )+'-,C&06@% 1&06-%*- B %)3.,&8F*60& .- "&' &0*6C6.&.-' .-"& C6.& 0)*6.6&%&_G 2&B :$- .-06, :$- -'*&' %$-C&' *-%.-%06&' -% -" 06%- B-% -" *-&*,) 1)'.,&8F*60) '- ,-"&06)%&% $%&' 0)% )*,&' .- $%& 8&%-,& :$-*).&CJ& .-+- '-, -A1"),&.& *-@,60&8-%*-G

9" ,-%)C&.) /%=&'6' -% "& %&,,&06@% '- '$8& &" *&8+6/% ,-%)C&.) 6%*-,/'-% -" *-A*) B "& 1&"&+,&> &$%:$- '-& -% $% '-%*6.) .6'*6%*)G !"#$%)' .- ")'

h;w 2&%'3456-' 7-58&%%



8)8-%*)' 8F' ""&8&*6C)' -% -" *-&*,) 0)%*-81),F%-) '$+,&B&% "& 8-*&=@3,60& ^B & C-0-' *&8+6/% "6*-,&"_ .-'%$.-? .-" &0*), ) 6%*/,1,-*-> :$- 1&,-0-

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x) 1,)1)%#) ""&8&,") $% !"#!$% )"7 #-!% )"

:#J7# G ]).-8)' 1-%'&, -% M686*-, [)*'05-== :$6-%> 6%'16,&.) 1), 2-6%-,Od""-,> )"(5!"#!$#7,G# -" *-&*,) B 8&,0& "& -'0-%& 0)% $%& 0)%0-%*,&.& 1,-3'-%*&06@% *-A*$&" -% -'0-%&,6)' ,&.60&"8-%*- 86%68&"6'*&' H-'1&06)' 0)%30-+6.)' -% '$ 8&B),J& 1), O&,f 7&88-,*HG 2&+"&> *-A*)> B 1&"&+,& -'*&3

+"-0-% &:$J B -% )*,)' 0&')' $%& ,-"&06@% J%*68& :$- *,&'1&'& "& 0$&,*&1&,-.> 1-,86*6-%.) &" *-&*,) 0)%C-,*6,'- -% $% -'1&06) .- 1-%'&86-%*) B,-="-A6@%> 6%*-,,$816-%.) "& &%'6-.&. 1$,&8-%*- -'*/*60& 1), $%& ,*'7,-#5

-,K1 1,)C)0&*6C& .- ")' -'1-0*&.),-' :$- ')% =),?&.)' & 1&,*6061&, .- "&

,&.60&" ,-.$006@% .- "& *-&*,&"6.&. B & -%*,&, -% $%& 6%$'$&" - 6%*-%'& ,-"&306@% 0)% -" &0*) .- 5&+"& K1$,)L .-" 6%*/,1,-*-G 7)' ,-.$06.)' B 86%68&3"6'*&' *,&+&E)' .- 7&$,-%* X5/*)$&%- 1,)C)0&% &" 1D+"60) 1), "& 0)%0-%3*,&06@% 561-,+@"60& -% -" *-A*) B -% -" &0*) .- 5&+"&G 7)' -'1-0*&.),-' %)-%0$-%*,&% %6%#D% .,&8& %6 6.-%*6=60&06@% 0)% $% 1-,')%&E- =60*606) B '6%-8+&,#) *6-%-% :$- "6.6&, 0)% -" .-'&=J) .- "& 1,-'-%06& ,-&" .-"i)'&0*),i-' ^-'*- *61) .- *-&*,) 1-,86*- & ")' -'1-0*&.),-' -A1-,68-%*&, $%&$"7#-,K1 1,)=$%.& 0)% -" &0*),i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

*-&*,) ')+,- -" &0*) .- 5&+"& =J'60) B ,-&"> ')+,- "& '6*$&06@% .-" &0*), B .-"-'1-0*&.), -% '$ J%*68& 0)%=,)%*&06@%> B -' ')+,- "& &0*$&06@% ^B %) ')+,-$%& -A0"$'6C& ) 1,-.)86%&%*- 1,-)0$1&06@% 1), -" *-A*)_G 9,& 1), ") *&%*)

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' h;<



$% 8)C686-%*) "@#60) :$- X5/*$&%- .- $% *6-81) & -'*& 1&,*- 6%0),1),&3,& & '$ *,&+&E) "& .&%?& B -" #-'*) .&%?&.)> 0,-&%.) $% -'1&06) .- -0)

8$*$) 1&,& "& 1&"&+,& B "& .&%?&G

M-*-%#) &:$J 86 ,F16.& 1&%),F860& ')+,- "&' 06%0) *-%.-%06&' :$- B)-%0$-%*,) '6#%6=60&*6C&' -% "& D"*68& ./0&.& B 1&') & "& 1,68-,& .- "&' 1,-3#$%*&' :$- 0)% 8)*6C)' 8F' :$- '$=606-%*-' 1$-.- '-, 1"&%*-&.&G

;_ T6 *)8&8)' -% 0$-%*& ")' .-'&,,)"")' :$- '- 5&% 1,).$06.) .-'.- ;<<<>y-A6'*- $%& %-0-'6.&. 1), ,-C6'&, -'-%06&"8-%*- "& %)06@% .- *-&*,) 1)'3.,&8F*60)z O6 681,-'6@% -' :$- %)G T6-%*) :$- "&' 0&*-#),J&' -81"-&.&' -%-" "6+,) 0)%*6%D&% '6-%.) CF"6.&' 1&,& .-'0,6+6, 8$05)' .- ")' *,&+&E)'%$-C)'G !,86% ]-*,&'> S60)"&' T*-8&%%> Q&"f U605*-,> T-+&'*6&% 2&,*8&%%>T*-=&% ]$05-, B )*,)' 8$05)' ^*).)' 1&,*-% .- "& '6*$&06@% .- =,)%*&"6.&..-" *-&*,) "6*-,&,6)> "& &'$%06@% .-" 0),) ) -" -'1&06) 0)81"-*&8-%*- &+6-,3*)_ .-'&,,)""&% 1,F0*60&' :$- 1$-.-% 681"60&, -"-8-%*)' .,&8F*60)'> 1-,)*&8+6/% ,-0$,,-% =,-0$-%*-8-%*- & ')+,-3-'0,6+6, "& )+,& .,&8F*60& B '$'"-0*$,&' '6#%6=60&%*-' 1), 8-.6) .- "& &0*$&06@%> -" *-&*,) =J'60) B "& 6%*-3,&0*6C6.&.> &+,6-%.) .- -'*& =),8& -" -'1&06) =6006)%&" &" K*5-&*,)%LG 9" *,&3

+&E) .- 2-6%-, [)-++-"' -' 0)%'6.-,&.) 1), 8$05)' 0)8) ,-1,-'-%*&*6C).- "& '6*$&06@% &0*$&" .-" "-%#$&E- *-&*,&" B '$ *,&+&E) -' )+C6&8-%*- $%*,&+&E) 1)'.,&8F*60)\ 6%0"$B- "& 16%*$,&> "& =6")')=J&> "& 8D'60& B -'*&+"-0-$% 1$-%*- -%*,- -" *-&*,) B "& 6%'*&"&06@%> 0)8) 56?) -% <!,M!"$( 3,12"G 9%!"-8&%6& -%*,-*&%*) -" */,86%) 0&'6 '- 5& 6.-%*6=60&.) 0)% -" KU-#6-*5-&3*-,L 0)%*-81),F%-)G 7& 1&"&+,& &1&,-0- -% ")' .6006)%&,6)' B -% "& 0,J*60&"6*-,&,6&G 7& ,-C6'*& .- *-&*,) 8F' 681),*&%*- -% !"-8&%6& 1$') -% #,&%.-*,-' C-0-' "& 1&"&+,& -% "& 1),*&.& B -') 0)%""-C@ $%& .6'0$'6@% ')+,- -""&>&=6,8&%.) -% $%& -.606@% .- bcc< :$- -" -'")#&% K1)'.,&8F*60)L 5&+J&.)86%&.) -" .-+&*- -% ")' D"*68)' .6-? &N)'G !"#$%)' &,*6'*&' '- ,-=6-,-%-A1"J06*&8-%*- &" */,86%) Û686%6 ],)*)f)"" -% '$ 1F#6%& R-+ ""&8&+&%K1)'.,&8F*60)L & '$ *,&+&E)_> B &"#$%)' .6,-0*),-' ") &0-1*&% 1&,& '$' 0,-3&06)%-'G x B) )+'-,C) 0)% '&*6'=&006@% :$- N7 !"#!$% '%()$#*+!,-% *&8+6/%1&,-0- '-, D*6" 1&,& "&' %$-C&' *-%.-%06&' .- "& 1-.&#)#J& *-&*,&"G

j% 6%=),8- .- Y,$%) 4&0f-"' .- bcct ')+,- "& -'0-%& .-" *-&*,) =,&%0/' -%-" 9:"#!$" )"$ ;",! &=6,8&+& :$- /" 1).,J& *)8&, N7 !"#!$% '%()$#*+!,-%

0)8) #$J& 1&,& '$ 6%=),8-G ]&,& 86 '),1,-'&> 0,J*60)'> &0&./860)'> B 1,)3=-'6)%&"-' -% P&1@%> !8/,60& 7&*6%&> !$'*,&"6&> ])")%6&> 9'1&N& ) -% "&,-#6@% .- ")' Y&"0&%-' 0)%*6%D&% -%0)%*,&%.) -" "6+,) D*6"G T- 0)%*6%D&%

hbc 2&%'3456-' 7-58&%%



5&06-%.) *,&.$006)%-' ^5&'*& &5),& :$6%0-_> B 5&B $%& #-%-,&"6?&.& ,-0-1306@% B .6'0$'6@% .-" */,86%) B .-" "6+,)> 6%0"$') -% ?)%&' .)%.- B) %$%0&

68&#6%/ :$- 1$.6-,& .-'1-,*&, *&" 6%*-,/'\ 1), -E-81") -% Y,&'6"> !,#-%*63%&> X56"- ) X)")8+6&G K]-,=),86%# 76*-,&*$,-'L -" -E-81"&, .- B"$M%$*#15

-" O"("#$-: .- 8&,?) .- bcc<> -' $%& +$-%& 8$-'*,& .- :$- -" */,86%)>0)8) &'J '- *-),6?@ -% -" "6+,)> 5& 0)%'-,C&.) $% 06-,*) KC&"), .- $')LG 9'$% "$#&, .- ,-=-,-%06& -% 8$05)' &,*J0$")'> $*6"6?&.) 1&,& &%&"6?&, "&,-1,-'-%*&06@% B "& -'0,6*$,& ^468 X,)$05> P-"6%-f> g&%-_` B 1$-.- '-, 0$-'3*6)%&.)> 0,6*60&.) B $'&.) 1,).$0*6C&8-%*- 1&,& -A1"),&, "& 0)81"-E& ,-"&306@% -%*,- &,*- .,&8F*60) B *-&*,)G

! 1-'&, .- "& 0,J*60& .- .6=-,-%*-' *61)' -'> '$1)%#)> #-%-,&"8-%*- &0-1*&3.) :$- -" 0)%0-1*) 5& '6.) D*6" B 1,).$0*6C)

{ &" '-N&"&, $%& &81"6*$. K.,&8F*60&L .- "&' 1)'6+6"6.&.-'> *-0%)")#J&' B-'*/*60&' .- "& 1,F0*60& *-&*,&"`

{ &" '-N&"&, "& 681),*&%06& 0-%*,&" .- '$1-,&, $%& &')06&06@% .-8&'6&.)-'*,-05&> -% "&' 8-%*-' .- ")' -'1-0*&.),-' B 0,J*60)'> -%*,- -" *-&*,) B &"& "6*-,&*$,& .,&8F*60&`

{ &" &81"6&, "& 1-,'1-0*6C& ')+,- "&' &,*-' -'0/%60&' B 1-,=),8&*6C&' -%0$&%*) 1,F0*60&' :$- *,&%'06-%.-% "&' =,)%*-,&' -%*,- -" &,*-> "& 1,F0*60&')06&" B -" *-&*,)> B '- .-E&% 8-E), &%&"6?&, 0)8) K+),.-' .-" &,*-L

9% -" .6'0$,') *&%*) &0&./860) 0)8) 0,J*60)> -" */,86%) K1)'.,&8F*60)L -'$*6"6?&.) 5&+6*$&"8-%*- -% 0)%-A6@% 0)% -" &,*- .- &006@% Bi) -" *-&*,)-A1-,68-%*&" -% #-%-,&"G ]), *&%*)> %) C-) "& %-0-'6.&. .- 5&+"&, .-" *-&3*,) K1)'31)'.,&8F*60)L ) &"#) '686"&,G

b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

&,*- .,&8F*60) B -" *-&*,) -% -" 0)%0-1*) .- K*-&*,) .,&8F*60)L -' $% 1,)3 +"-8& :$- %-0-'6*& B 8-,-0- '-, .-'&,,)""&.)G X)8) &,#$8-%*F+&8)' -%N7 !"#!$% '%()$#*+!,-% "& .-=6%606@% 5-#-"6&%& .- +-""-?& -' B& -% '$ 86'8&

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' hb;



.6&"/0*60& 0$-'*6)%&.&> &"*-,&.& B =6%&"8-%*- .-'0)81$-'*& -% 0$&%*) &"K&,*- .,&8F*60)L '- ,-=6-,-> 1), $% -"-8-%*) 6,,-.$06+"- .- 0&'$&"6.&.> %)3

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

h_ x& :$- -" "6+,) %) .-E@ '$=606-%*-8-%*- 0"&,) -" */,86%) K1)'.,&8F*630)L .-+- '-, -%*-%.6.) -% */,86%)' .- ,-="-A6@% 56'*@,60& -% .)' %6C-"-'G]), $% "&.) "& 1&"&+,& K1)'.,&8F*60)L '- 1-%'@ 1&,& :$- =$%06)%&,& 0)8)$% */,86%) 0,J*60) B 1)"/860) :$- .-+J& .6=-,-%06&, $% 0)%E$%*) .- 1,F0*630&' *-&*,&"-' :$- -'*$.6/ ^8F' ) 8-%)' .-'.- ")' &N)' '-*-%*&> B :$- -'*&3

+&% -%C$-"*&' - 681,-#%&.&' 1), -" &.C-%686-%*) .- $%& 0$"*$,& 8-.6&.&1,-.)86%&%*-8-%*- 1), "& K1-,=),8&%0-L_> .- &:$-""&' :$- =$-,)% B &D%'6#$-% '6-%.) #$6&.&' 1), "& 6.-& .- $% *-&*,) 0-%*,&.) &",-.-.), .- "&-'*,$0*$,& .,&8F*60& & "& 8&%-,& .- "& *,&.606@% .- ")' '6#")' sZWWW B sWs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

*E"$!" .-" &,*- .,&8F*60) ^) -" *-A*) ) -" &$*),I_> '6%) :$- ,-=6-,- & $%0&8+6) 0)81"-*) .- 1$%*) .- C6'*& -% "&' ,-&"6.&.-' *-&*,&"-' 0)%*-831),F%-&'G

hbb 2&%'3456-' 7-58&%%



]), )*,) "&.)> -" "6+,) 6%.60& -A1"J06*&8-%*- ^681"60& 8F' :$- &,#$8-%*&_"& *-'6' .- :$- -" K8).) .,&8F*60)L .-" *-&*,) ^-% -" '-%*6.) -'*,60*) .- "&

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

#6.)> 1-,) :$- B) 1,-=6-,) .-E&, & "& ')06)")#J&> "& 1'60)")#J& B ")' -'*$.6)'0$"*$,&"-'G

o_ ]), )*,& 1&,*- -A6'*- "& .6'1$*& ')+,- -" $') .-" */,86%) K*-&*,)L> $%&.6'1$*& :$- 1)%- -% E$-#) "& ,-"&06@% -%*,- -" *-&*,) 1)'.,&8F*60) B -"K1-,=),8&%0- &,*L B -% )0&'6)%-'> & $% %6C-" 6%'*6*$06)%&"> -%*,- ")' -'*$3.6)' .- *-&*,) B ")' K]-,=),8&%0- T*$.6-'LG x) '6#) '6% -'*&, 0)%C-%06.) .-:$- *-%#& 8F' '-%*6.) &+&%.)%&, -" */,86%) *-&*,) - 6%0"$6, *).& 1,F0*60&*-&*,&" +&E) -" %)8+,- .- K1-,=),8&%0-LG S) 681),*& -" 0,6*-,6) .- .-=6%6306@% :$- *)8-8)' 1&,& "& K1-,=),8&%0-L> -' )+C6) :$- -" *-&*,)> 0)8))*,&' 1,F0*60&' &,*J'*60&' &C&%?&.&'> &.)1*@ -"-8-%*)' .-" K1-,=),8&%0-&,*L ^.-0)%'*,$6, -" '6#%6=60&.)> "& &$*)3,-=-,-%06&"6.&.> -A1)%-, ")' 8-0&3%6'8)' 6%*-,%)' .- '$ 1,)16) =$%06)%&86-%*)> .&, $% #6,) K.-'.- "& ,-1,-3'-%*&06@% & "& &0*$&06@%L> 0$-'*6)%&, "&' -'*,$0*$,&' +F'60&' .- "& '$+E-*63C6.&.> -"$.6, ) &" 8-%)' 0,6*60&, B -A1)%-, "& ,-1,-'-%*&06@% B "& 6*-,&+6"63.&.I-*0G_> B & "& 6%C-,'& -" K1-,=),8&%0- &,*L =$- !"#!$#7,G#)% -% 8$05)''-%*6.)' H1$-'*) :$- =$- &'J 0)% "&' 8F' 681),*&%*-' 8&%6=-'*&06)%-'

&,*J'*60&'> 16-,.- '-%*6.) .6'0$*6, ')+,- '$ .-=6%606@% 0)8) K1-,=),8&%0-&,*L ) *-&*,)HG x &.-8F' 5&B 8$05&' .68-%'6)%-' .-" *-&*,) 1)'.,&8F*60):$- '-%06""&8-%*- %) ')% K1-,=),8&%0-L\ "& .,&8&*$,#6& C6'$&"> ")' 5J+,63

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' hbh



.)' .-" *-&*,) B "& 6%'*&"&06@%> -*0G M- -'*& =),8&> '6% &+&%.)%&, &:$J -"

.-+&*- -% *),%) &" 0)%0-1*) .- K1-,=),8&%0-L> .)%.- U)'- 7-- [)".+-,#>

9"6%), Q$05'> ]-##B ]5-"&%> ]56"61 !$'"&%.-,> P)'-**- Q/,&" B )*,)'> 6%*-,C63%6-,)%> B) &=6,8) & 8).) .- ,-'$8-% :$-\ %) 5&B -% 86 )16%6@% "& %-0-3'6.&. .- .6+$E&, $%& 1,-06'& "J%-& .6C6'),6& -%*,- -" *-&*,) B -" K1-,=),83&%0- &,*LG 7& K1-,=),8&%0- *5-),BL B "& *-),J& .-" *-&*,) '- 8$-C-% ')+,-

+&'-' 0)8$%-'G M-1-%.6-%.) .-" 1$%*) .- C6'*& $%) -A*,&- .- -'*& +&'-0)8D% .6=-,-%*-' 0)%0"$'6)%-'G

T- .& *&8+6/% $% &'1-0*) *-,86%)"@#60) -% "& +&'- .- -'*&' .6'0$'6)%-'\ "&1,)A686.&. .-" 0)%0-1*) .- K1-,=),8&%0-L 0)% -" 8F' &81"6) .- K1-,=),38&*6C6.&.L -% #-%-,&"G x) 0)%=6-') $% 06-,*) -'0-1*606'8) -% ") :$- ,-'31-0*& &" */,86%) K1-,=),8&*6C)LG 9'*& -' "& ,&?@% 1), "& :$- 8- ,-=6-,) B&-% N7 !"#!$% '%()$#*+!,-% & "& %)06@% .- 2&8&05-, .- K&=),8&*6C)LG 9" */,386%) K1-,=),8&*6C)L %) 1$-.- '-, .-'"6#&.) 0)81"-*&8-%*- .- "& 6.-& .-$% +$-% =$%06)%&86-%*)> .- $% 5&0-,> .- "& 0)%'-0$06@% .- $% )+E-*6C)H5&B $% '-'#) &0*6C6'*& 0)%-0*&.) & -'& 6.-&HG x -'*) )0$,,- .-'.- 8$B &"1,6%0616)\ KX@8) 5&0-, 0)'&' 0)% 1&"&+,&'LG 9'*) %) 0)%*6-%- 1), '$1$-'3*) "& 6.-& .- '-, D*6" &" .-'0,6+6, 8$05&' .- "&' 0&,&0*-,J'*60&' .- "& 1,F0*63

0&` '6% -8+&,#) 'J *6-%.- & )0$"*&, $% &'1-0*) .-" &,*- -% #-%-,&" B .- "&'&,*-' -'0/%60&' -% 1&,*60$"&, :$- -% 86 )16%6@% -' .- -A*,-8& 681),*&%06&\$%& 06-,*& 1&'6C6.&.> )> .6#&8)' &" 8-%)'> "& &,*60$"&06@% .- $%& 1,)=$%.&.$.& -% 5&0-,> 0)%'-#$6,> ,-&"6?&, B &0*$&, +6-%G 7) 1-,=),8&*6C) 5& ""-#&3.) & '-,> 0)8) 5& '6.) 0)%C6%0-%*-8-%*- .-8)'*,&.)> -" %$-C) 1&,&.6#8&.- "& ')06-.&. .6'061"6%&,6&\ K!0*$&, ) '6 %)IL ^P)% O0g-%?6-_G x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

a_ j% D"*68) &'$%*)\ $%& ,-&"6.&. -'-%06&" .-" *-&*,) 1)'.,&8F*60) -')+C6&8-%*- -" 0&8+6) .- &*-%06@% B /%=&'6' "-E)' .- "& ,-1,-'-%*&06@%> )

KM&,'*-""$%#L> .- $% *,&+&E) ) $% 1,)0-') .- 0,-&06@%i1,-'-%*&06@% 0)8)1&,*- .- $%& <,!E#-,K1> .)%.- "& ,-"&06@% -%*,- *).)' ")' 1&,*6061&%*-' .-"-C-%*) '- 0)%C6-,*- -% $% )+E-*) 681),*&%*- .-" 0)%0-1*) &,*J'*60)G 7& 6.-&

hbo 2&%'3456-' 7-58&%%



.- "& K.,&8&*$,#6& .-" -'1-0*&.),L &1$%*& & -'*- .-'&,,)"")G 9" *-&*,) 1-,3'6#$- $% 8)C686-%*) :$- -% "&' &,*-' C6'$&"-' 5& -'*&.) 1,-'-%*- .-'.-

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

+- :$- -% .605) &,*-> :$- /" .-'0,6+- 0)8) ,-"&06)%&"> K"&' ,-"&06)%-' ')06&3"-' 1$-.-% 0)%'*6*$6, -" 8&*-,6&" C6C) 1&,& &"#$%&' .- "&' 1,F0*60&' -% 0$-'3*6@%L PB$"-#$,%E( 6%1(!$E-!,%1(@ Q1(4"$ !% R#-SE"( O#1-,T$" %1 O#1-,T$" %1

Q$! #1) B%7,!,-( _G 9' 6%*-,-'&%*- C-, 0@8) Y)$,,6&$. .-'0,6+- $% 0&8+6)#-%-,&" -% "& 0)%0-106@% .-" &,*- +&E) -" *J*$") K-'*/*60& ,-"&06)%&"L :$- -'8$B '686"&, &" *-&*,) 1)'.,&8F*60)\ 8$05)' &,*6'*&' 0)%*-81),F%-)' %)16-%'&% *&%*) -% '$ 1,F0*60& 0)8) -% $% .&, =),8& & $% )+E-*)> '6%) 8F'

+6-% -% 0)%'*,$6, $%& =),8& 1&,& :$- '- .-% 1)'6+"-' ,-"&06)%-' 5$8&%&'G!$% 0$&%.) 1).,J& '-, 0,6*60&.) ^") :$- B) '-#$,&8-%*- 5&,J&_ :$- Y)$3,,6&$. -%=&*6?& 8$B '-'#&.&8-%*- ")' &'1-0*)' &,8)%6)')'> "& K0)%C6C6&3

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|,-G 9% $% '-%*6.) &%F")#) -" *-&*,) 1)'3.,&8F*60) %) 16-,.- '$ .68-%'6@% -'*/*60& 0)8) &,*- '6 &+&%.)%& "&%)06@% .- '$ &$*)%)8J& B %-#)06& &"6%-&86-%*)' 5J+,6.)' 0)% 1,F0*60&'')06&"-'> 1)"J*60&' $ )*,&'G

T- .&% -% -'*- '-%*6.) %$8-,)')' *-8&' .- 1)'6+"- B %-0-'&,6) .-+&*-GyX@8) 1).-8)' ,-"&06)%&, "& 1,)8-'& .- "& *-),J& 0"F'60& 1&,& '&"C&, -"5$-0) -%*,- ") +-"") B ") +$-%)> "& /*60& B "& -'*/*60& -% "& %)06@% .- ") '$+"63

8- & $%& 1,F0*60& 1)'.,&8F*60& :$- -'*F 8F' &""F .- -'*& -'1-,&%?&zyX@8) 1).-8)' *-),6?&, 8F' 1,-06'&8-%*- ") K.,&8F*60)L &" 0$&" &"$.- ")1)'3.,&8F*60)z y}$/ '-,F .- "& 0-'$,&> "& 6%*-,,$106@%> 0)8) *-),6?&,)%

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' hba



2k".-,"6%> V&"*-, Y-%E&86%> 7&0)$-37&+&,*5- -% $%& 1,F0*60& .-" *-&*,)1)'.,&8F*60)z y9' 1)'6+"- ̂ ,-_0)%'*,$6, $%& K0)8$%6.&.L *-&*,&" -% -" *-&3

*,) 1)'.,&8F*60)> &$%:$- '-& -% -" 86'8) '-%*6.) .- S&%0B 0)8) $%&0)8$%6.&. .- ") %)30)8$%&"z yX@8) 1).-8)' ,--C&"$&, B 0)%'6.-,&, -"1,)+"-8& :$- 1"&%*-@ O605&-" Q,6-. .- "& K*-&*,&"6.&.L -% -" 0)%*-A*) *-&3*,&"z

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

&,*-> -% 0"&,& &"$'6@% & !%.B V&,5)"G ]), ") *&%*)> *).& "& 56'*),6& .-" &,*--'*F> .- &0$-,.) & "& *-),J& H0$-'*6)%&+"-3 .- M&%*)> &0&+&.& .- $%& C-?1), *).&'G T6% -8+&,#)> '- 5& &,#$8-%*&.) 0)% &06-,*) :$- -'*&' 0)%'6.-3,&06)%-' ')% 1,)+"-8F*60&' 1),:$- 1,-'$1)%-% $%& C6'6@% .- "& 56'*),6&.-8&'6&.) -'*,-05& B 1)0) 0,J*60&` &.-8F' .-> =6%&"8-%*-> $%& C6'6@% "("15

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i),-#"&' 1&,& .6'*6%#$6, -" &,*- .-" %)3&,*-G ]-,) -% ,-&"6.&. -'*&' %$-C&' =),38&' %)' =$-,?&% '681"-8-%*- & ,-0)%'6.-,&, %$-'*,&' &'$%06)%-' ')+,- "):$- -' -" &,*- B '$ 56'*),6&G

S) 5&B .$.&\ .-'.- M$05&81 -" )+E-*) .- &,*- B& %) 1$-.- '-, -A0"$'6C)) 1,6%061&"8-%*- 6.-%*6=60&.) 1), '$' 0$&"6.&.-' 6%*,J%'-0&' 0)8) $%)+E-*)> '6%) ')+,- *).) 1), -" &%F"6'6' .- '$ 0)%*-A*)G 9'*- 0&8+6) .- 0$&"3

hbt 2&%'3456-' 7-58&%%



:$6-, "@#60& 6%8&%-%*- B .-=6%606@% .-" &,*- 5&06& $%& 1,F0*60& .-=6%6.&8-.6&%*- -" 0)%*-A*) 5& *-%6.) $% =$-,*- 681&0*) *&8+6/% -% "& .6'0$'6@%

')+,- -" *-&*,) 1)'.,&8F*60)G M- 5-05) %)')*,)' ,-0)%)0-8)' %),8&"38-%*- $%& )+,& '-%06""&8-%*- 1),:$- .605& )+,& '- -%0$-%*,& -% $%8$'-) ) -% 0$&":$6-, )*,) 0)%*-A*) &%$%06&.) 0)8) 0)%*-A*) &,*J'*60)G 9"#-'*) -'*/*60) %) 1$-.- '-, .-=6%6.) 1), -" 0)%*-%6.) .- $%& )+,& ) 1), '$=),8&> '6%) D%60&8-%*- 1), "& 0)%'*,$006@% B .-*-006@% .- '$ 0)%*-A*$&"63.&.G 9=-0*6C&8-%*-> -'*) -' 06-,*)> -% 1,6%0616)> 1&,& -" &,*- 1,-0-.-%*-*&8+6/%G yX@8) '- .-*-,86%& -" C&"), &,*J'*60) .- $%& =,&'- 0)*6.6&%& &1&3,-%*-8-%*- '-%06""& -% $% *-A*) .- g&=f&z S&.& 8F' :$- 1), "&' ,-="-A6)3%-' 0)%*-A*$&"-'G T6% -8+&,#)> "& .-1-%.-%06& .- "& )+,& .- &,*- ')+,- -"-'1-0*&.), 5& #&%&.) $%& %$-C& .68-%'6@% B 0&"6.&. :$- 0&8+6& 1,)=$%3.&8-%*- -" .6'0$,') ')+,- -" &,*-G Q$- -'*- .-'&,,)"") -% "& *-),J& B "& 1,F03*60& -'*/*60& -" :$- 6%'16,@ -" 0)%)06.) .-+&*- ')+,- "& *-&*,&"6.&. -% Q$!"

= UJV"!E#7,)#) ^Q,6-.> ;<tu_G ]&,&.@E60&8-%*-> '6% -8+&,#)> -' 1), &5),&&0-1*&.) -% #-%-,&" :$- "& *-&*,&"6.&. -% -'*- '-%*6.) -' .- -A*,-8& ,-"-3C&%06& 1&,& "& .6'0$'6@% .- *).) -" *-&*,) 1)'.,&8F*60)> &'J 0)8) 1&,& -"&,*- .- &006@% B "& 6%'*&"&06@%> B %) .-+- 681"60&, .- %6%#$%& 8&%-,& ")'-=-0*)' .-C&'*&.),-' :$- 1)"/860&8-%*- O605&-" Q,6-. "- :$6') 681$*&,G

!'J :$-> y-% ,-&"6.&. *).) C&"-z ]),:$-> y*).) .-1-%.- .-" -'1-0*&.),z S)*).)G ]&,-0- -C6.-%*- :$- -" .6'0$,') -% 06-,*& 8-.6.& *,6$%=&%*- .- "& 0)831"-*& "6+-,*&. &"0&%?&.& 1), "& 1,F0*60& &,*J'*60& -' 1&,06&" B 0),*) .- 86,&'GT6#$- '6-%.) 06-,*) ") :$- !.),%) .-0J& &" 0)86-%?) .- '$ K4-),J& -'*/*60&L\

7)' 8)C686-%*)' &,*J'*60)' .- ;<;c '- &.-%*,&,)% &$.&?8-%*- 1), -"

8&, .- ") :$- %$%0& '- 5&+J& ')'1-05&.)> 1-,) -'*- 8&, %) "-' 1,)3

1),06)%@ "& 1,)8-*6.& =-"606.&. & '$ &C-%*$,&G 9" 1,)0-') .-'-%0&.-3

%&.) -%*)%0-' &0&+@ 1), .-C),&, "&' 86'8&' 0&*-#),J&' -% 0$B) %)83

+,- 0)8-%?&,&G Q&0*),-' 0&.& C-? 8F' %$8-,)')' =$-,)% &,,&'*,&.)'

1), -" *),+-""6%) .- ")' %$-C)' *&+D-'> B ")' &,*6'*&' '6%*6-,)% 8-%)'

&"-#,J& 1), -" %$-C) ,-6%) .- "6+-,*&. :$- 5&+J&% 0)%:$6'*&.) B 8F'

.-'-) .- 5&""&, $% ),.-% 1&'&E-,) -% -" :$- %) 1).J&% 5&""&, =$%.&3

8-%*) '$=606-%*-G x -' :$- "& "6+-,*&. .-" &,*- '- 5&+J& 0)%'-#$6.)

1&,& -" 6%.6C6.$) 1-,) -%*,&+& -% 0)%*,&.6006@% 0)% "& 1-,-%%- =&"*&

.- "6+-,*&. .- "& *)*&"6.&.LG ^!.),%)> ;<uc\ <_G

4-%6-%.) -% 0$-%*& -'*& 0)%*,&.6006@%> %) 1).-8)' :$-.&, '&*6'=-05)'0)% "& 06-,*&8-%*- C-,&? &=6,8&06@% .- :$- -" -'*6") ) ")' -'*6")' 1)'3

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' hbu



.,&8F*60)' &+,6-,&% $% #,&% 0&81) 1&,& %$-C&' 1)'6+6"6.&.-' B 1-,86*6-3,&% :$- 1,F0*60&8-%*- 0$&":$6-, &006@% 1$.6-,& '-, .-%)86%&.& &,*- *-&3

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}$6-,) &:$J 6%'6'3*6, -% )*,& =&0-*& .- -'*- 1,)+"-8&> & '&+-,> -" 5-05) .- :$- -" *-&*,) -'*F-% $%& 1)'606@% -'1-0J=60&8-%*- .6=-,-%*- .-" &,*- )+E-*$&"> -% -" '-%*6.).- :$- -' '6-81,- B& B & "& C-? $%& 0)%'*,$006@% -'*/*60& ^1$-'*& -% -'0-3%&_ = $%& '6*$&06@% 0)%0,-*& B '6-81,- D%60& ')06&" D%60&> ,-&"` '6 '- 1,-3=6-,-\ +&%&" B %)3&,*J'*60&G !" 1D+"60) %) '- "- 1$-.- 0)%'6.-,&, .- "& 86'8&8&%-,& 0)8) 8-,&8-%*- -" 0)%*-A*) 1&,& -" *-&*,)> 0)8) -" -'1&06) .-$%& #&"-,J&G 9" 1D+"60) -' 1&,*- 0)%'*6*$*6C& .-" )+E-*) -% "& 8-.6.& -% :$->0)8) 5- .605)> -" -'1&06) &+'*,&0*) ") -' -% $% )+E-*) .- P68 M6%- ) -% "&Z-%$' .- O6")G 9% )*,&' 1&"&+,&' -'*- 0)%*-A*) -' 6%5-,-%*- -% "& 1,F0*60&

*/0%60& .-" *-&*,)G 9' 6%*,J%'-0&8-%*- &"#) .6=-,-%*- ,-'1-0*) & "&' &,*-'C6'$&"-'G 9'*& .6=-,-%06& 6%*-,%& )> 1), .-06,") &'J> 681$,-?& -'*F -% -" 0-%3*,) .- '$ 1,F0*60&G

x /'*- -' -" 1$%*) :$- 8- #$'*&,J& 1"&%*-&,\ B& :$- -" *-&*,) 1)'.,&8F*60)*6-%.- & .-'*&0&, "& '6*$&06@% .- 0)8$%60&06@% ,-&"> -A1)%- B ,-="-E& $%&0)%.606@% &,*J'*60& .-" *-&*,) :$- -'*&+& 681"J06*& -% "& *-),J& 0"F'60& .-"*-&*,) B 0)% =,-0$-%06& -A1"J06*& -% "& 1,F0*60& *-&*,&"G x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

06) .- 0)8$%60&06@% %)3&,*J'*60&G M-+-8)' .-'&,,)""&, $%& *-),J& .- "&1,F0*60& *-&*,&" :$- *-%#& -% 0$-%*& "& 0)%'*,$006@% .- ")' &'1-0*)' $"7#5

-,%1#7"( -% "&' &,*-' -'0/%60&' B .- &006@%G 9" *-&*,) 1)'.,&8F*60) -' -%

hbw 2&%'3456-' 7-58&%%



06-,*) '-%*6.) &"#) 1&,-06.) &" *-&*,) ,-"&06)%&">6%C-%*& .,&8&*$,#6&' ,-"&06)%&"-'G T$ #-'*)

&,*J'*60) %) '- 0-%*,& *&%*) -% .&, =),8& & $%)+E-*) -'*/*60) .- $%& 1$-'*& -% -'0-%&> '6%)-% -A1)%-,> 0)%'*,$6,> #-'*6)%&,> .-'&,,)""&, -6%C-%*&, 8).)' .- ,-"&06@% B 0)8$%60&06@%1)'6+"-' -% $%& '6*$&06@% *-&*,&"G 9" )+E-*6C)1$-.- '-, '681"-8-%*- -" .6'=,$*- 0)8D%> 1-,)*&8+6/% :$6?F' "& 6%.6C6.$&"6?&06@% B &6'"&386-%*) .- 0&.& -'1-0*&.), -% ,-"&06@% & ")')*,)'` $%& -A1-,6-%06& =-'*6C& 0)8D% ) :$6?F6#$&"8-%*- $%& -A1-,6-%06& 0)8D% .- 6%0-,*63.$8+,- B 1/,.6.&G 9" *-&*,) ,-"&06)%&" 1$-.-*-%-, 8$05&' 0&,&'G ]-,) -%*,& -% -" .-+&*- .-"& 0)%.606@% 1)'8).-,%& .- "&' &,*-' B '-.-'CJ& .- ")' 0)%0-1*)' 1,-38).-,%)' .- $%*-&*,) .,&8F*60)> .- $% 0)'8)' =60*606) B .-$%& -'=-,& =6006)%&" '-1&,&.&G 9" *-&*,) *6-%-:$- C-, 8F' 0)% "&' 8&%-,&' .- ,-"&06)%&,'-

:$- 0)% "&' 8&%-,&' .- 0,-&, 8$%.)G

4,&.$006@%\ O&%$-" Y-""6'0)G

!"#$%&' %)*&' ')+,- -" !"#!$% '%()$#*+!,-%. $%& ./0&.& .-'1$/' hb<

Y6+"6)#,&=J&

!.),%)> 45-).), VG^;<uc_ 9"%$W# "(!C!,-# ^Q(!:"!,(-:" 9:"%$,"_>4&$,$'> O&.,6.> ;<u;G

Q,6-.> O605&-" ^;<tu_Q$!" = %JV"!E#7,)#)@N1(#=%( = $"("X#( ^KQ$!

#1) UJV"-!:%%)Y _> 9.G!%*)%6) O&05&.)76+,)'> O&.,6.> bccoG





!"#$ &"'$( "&)"('*+,#,'-. '/$,'+$0 ,*$.,*$ 1,'$+

2,&(34/-$( 5$/#,&&

4/$ ('6*7 8 )691-(/$* -& :;;; <,( <+-''$& '" 9$ +$,*,91$ ="+ )+,.'-'-"&$+(

'/$+$="+$ ,' ("#$ )"-&'( 1$&>'/7 ,&* *$',-1$* '/$"+$'-.,1 $1,9"+,'-"&(

<$+$ ),(($* 97 3 </-./ /,* '/$ ."&($?6$&.$ '/,' , &6#9$+ "= '/$"+$'-.,1

-((6$( <$+$ 1$=' ")$& '" =6+'/$+ *-(.6((-"&@ 8' ,1(" ),A$* '/$ <,7 ="+ ,

($+-$( "= *"<&+->/' #-(6&*$+(',&*-&>( B)"('*+,#,'-. -( &"&3'$C'6,10 <-'/)"('*+,#,'-. $&*( ,11 *+,#, ,&* '/$ 1-D$B -& ()-'$ "= '/$ =,.' '/,' '/$

"))"(-'$ -( .1$,+17 (','$* -& '/$ 9""D@ 4/$ <"+* E)"('*+,#,'-.F *$(.+-9$(

,$('/$'-.(0 ,&* ('71$( "= '/$,'+$ )+,.'-.$ ,&* '/$#,'-G$( <+-'-&>0 <+-''$&

*+,#,0 "+ '/$,'+$ '$C' "&17 -& , #,+>-&,1 <,7@ 4/$+$ -( )"('*+,#,'-. '/$3

,'+$ #,*$ <-'/ *+,#,'-. '$C'(0 -& =,.'0 <-'/ ,11 D-&*( "= '$C'@ 4$& 7$,+( -( ,

1"&> )$+-"* "= '-#$ &"<,*,7( <-'/ (" #,&7 *$A$1")#$&'( -& '/$ ,+'( ,&*

-& '/$,'+$ /,))$&-&> ,' , 9+-(D ),.$@ H6./ "= </,' <,( #,+>-&,1 ,&* /"'17

*-()6'$* -& '/$ :;IJ( 9$.,#$ ,1+$,*7 #"+$ ."##"& -& '/$ :;;J( ,&* /,(

&"< 9$."#$ ),+' "= '/$ E#,-&('+$,#F@ !"#$ "= '/$ $#91$#,'-. )+"',>"3

&-('( "= )"('*+,#,'-. '/$,'+$ 1-D$ K,& L,9+$ ,&* K,& 5,6<$+(0 </"($ <"+D

-( -&=16$&.$* ('+"&>17 97 *,&.$ ,&* )$+="+#,&.$0 ."&'-&6$ '" .+$,'$ ('+"&>

,&* ."&'+"A$+(-,1 <"+D0 ,&* /,A$ ."#$ '" 9$ ,..$)'$* ,( ,6'/$&'-. ,&*

$A$& *$.-(-A$ >$('6+$( "= ."&'$#)"+,+7 ,+' ,&* '/$,'+$@ M"6 <"61* &"'

/,A$ >6$(($* -& :;;; '/,' 5,6<$+( <"61* 9$ )+$($&'-&> ,' !,1G96+>$+ L$('3

()-$1$0 "+ L,9+$ 9$ ./"($& .6+,'"+ -& NA->&"&@ O"9$+' P-1("&( ,$('/$'-.(

/,A$ 9$$& ."##$+.-,1-G$* ="+ , 1"&> '-#$ ,&* /-( <"+D -( $&Q"7$* &"< 97

, <-*$ ,6*-$&.$@ 8& 8',17 ,& ,+'-(' 1-D$ R"+($''- 9$.,#$ *-+$.'"+ "= '/$ '/$3,'+$ S-$&&,1$ -& T$&-.$0 56., O"&."&- ="11"<$* U-"+>-" !'+$/1$+0 </-1$

H,+-" H,+'"&$ '""D "A$+ '/$ 4$,'+" *- O"#,@ V" *"69' '/$ '$./&-?6$( "=



A-(6,1 *+,#,'6+>7 '$&* "='$& &"< '" 9$."#$ #$+$ ()$.',.1$ -& 9-> /"6($(

,&* ,+$ )+$($&'$* ,( $&'$+',-&-&> ('-#616( -& #,&7 )+"*6.'-"&(@ 8& "'/$+

<"+*(W )"('*+,#,'-. -( &" 1"&>$+ , '$+# *$&"'-&> &$.$((,+-17 *$A-,&'0"))"(-'-"&,10 +,*-.,1 )+,.'-.$(@ X1$#$&'( "= )"('*+,#,'-. )+,.'-.$ /,A$

9$."#$ >$&$+,117 ,..$)'$* ,&* *$=-&$ #6./ ."&'$#)"+,+7 '/$,'+$ )+,.3

'-.$ ,( (6./ B &"' <-'/"6' "='$& 1""(-&> '/$-+ $*>$ -& '/-( )+".$((@

5$' #$ (/"+'1-(' -& '/$ =-+(' ),+' "= #7 ),)$+ , &6#9$+ "= -&'$+$('-&> *$A$13

")#$&'( ,&* ,()$.'( "= '/$ E1,&>6,>$( "= '/$ (',>$F YZ,'+-.$ Z,A-([ #,-&3

17 -& '/$ U$+#,& '/$,'+$@ !"#$ "= '/$# ."&'-&6$ *$A$1")#$&'( </-./

9$>,& '" 9$ =$1' ,1+$,*7 -& '/$ :;IJ( ,&* :;;J( 96' "'/$+( 9+-&> &$<

,..$&'(@ 8 (-&>1$ "6' =-A$ '$&*$&.-$( "= '/-( 1,(' *$.,*$ </-./ ($$# '" #$

'" 9$ "= $()$.-,117 (7#)'"#,'-. ./,+,.'$+@ \= ."6+($0 '/$+$ ."61* 9$ #$&3

'-"&$* "'/$+(W ="+ $C,#)1$0 '/$ -&'$+.61'6+,1 ,&* $'/&"1">-.,1 -&'$+$('

+$1,'$* '" >1"9,1-G,'-"&] '/$ +$&$<$* -&'$+$(' -& '/$ ,6*-'-A$ (),.$ ,&* '/$

,6*-'-A$ *-#$&(-"& "= '/$,'+$ -& >$&$+,1W A"-.$0 ("6&*0 '/$ ()"D$& <"+*]

'/$ +$&$<$* -&'$+$(' -& ")$+,0 "+ '/$ ."&'-&6-&> +$=$+$&.$ '" ,&.-$&'

'+,>$*7@ 8' #->/' 9$ ,+>6$* '/,' '/-( 1,''$+ .,& 9$(' 9$ 6&*$+('""* -& '$+#(

"= '/$ ."++$()"&*$&.$ 9$'<$$& )+$3*+,#,'-. ,&.-$&' '+,>$*7 ,&* '/$ )+$(3

$&' )"('*+,#,'-. -&'6-'-"&@8& '/$ ($."&* ),+' 8 <-11 +$=1$.' "& ("#$ -((6$( ,&* ,()$.'( </-./ ($$# '"

9$ -#)"+',&' ="+ , =6+'/$+ '/$"+-G-&> "= '/$ )"('*+,#,'-. !"#"$%&' "+

()*+,( @

U+"6)(

8& :;;^ ,&* _JJ: 2$-&$+ H`11$+ ,&* X-&,+ !./1$$= ),(($* ,<,70 ,&* -& '/$

1,(' 7$,+( ,1(" K`+>$& U"(./0 Z$'$+ a,*$D0 b1,6(3H-./,$1 U+`9$+0 Z-&,

S,6(./0 R/+-('")/ !./1-&>$&(-$=@ L"+ #,&7 "9($+A$+( '/$($ *$,'/( ,+$ ,

(->& ,&* (7#9"1 "= )+"="6&*17 ./,&>-&> '-#$(@ 4/$($ <$+$ ,11 >+$,' .+$3

,'"+(0 +$)+$($&'-&> '/$ 9$(' "= U$+#,& O$>-$'/$,'$+ Y*-+$.'"+F( '/$,'+$[@

4/$7 .61'-A,'$* &$< >+"6&*( ="+ '/$ '/$,'+$W <"+D-&> "& '/$ $*>$ "= )$+3

="+#,&.$ Y1-D$ U"(./[0 .+$,'-&> .+"((3"A$+ 9$'<$$& '/$,'+$ ,&* *,&.$ YZ-&,

S,6(./[0 )1,7=61&$(( Ya,*$D[ ,&* $,./ '-#$ , +,*-.,117 -&*-A-*6,1 A-(-"& "=

'/$,'+$ Y1-D$ U+`9$+[@ XA$& '/$ 6&'-#$17 $,+17 *$,'/ "= R/+-('")/ !./1-&3

>$&(-$= #,7 9$ ($$& -& '/-( )$+()$.'-A$W , /->/17 )+"A".,'-A$0 +,*-.,1 ,&*+,*-.,117 -*-"(7&.+,'-. )$+("&,1-'70 $A$& -= /$ <,( ,& -&()-+,'"+ ,&* ,&-#,3

'"+ #"+$ '/,& , '/$,'+$ *-+$.'"+ -& '/$ .1,((-. ($&($@ 4/$ &$< *$A$1")#$&'

cc_ 2,&(34/-$( 5$/#,&&



-( #,+D$* B'/-( -( '/$ =-+(' ,()$.'B 97 , (/-='-&> $#)/,(-( =+"# '/$ -&*-3

A-*6,1 >$&-6( "& '") '" ."11,9"+,'-"& "+ >+"6) <"+D "== ,&* "& '/$ -&('-3

'6'-"&(@ 8& ()-'$ "= '/$ 9+$,D*"<& "= , &6#9$+ "= -#)"+',&' A$&6$( ="+$C)$+-#$&',1 <"+D <$ "9($+A$ , 9+",* (.$&$ "= 7"6&> ,&* /,1= "+ &"' -&('-3

'6'-"&,1-G$* )$+="+#,&.$ ,&* '/$,'+$ <"+D B #"('17 97 >+"6)( </-./

$C)$+-#$&' <-'/ ,11 D-&*( "= )"(-'-"&-&> "= '/$ ()$.','"+0 +$*$=-&-&> '/$3

,'+$ -& *-==$+$&' <,7( 9$7"&* '/$ *+,#,'-. #"*$1@ M"6 .,&&"' .,11 -' $C,.'3

17 E6&*$+>+"6&*F0 (-&.$ -' -( , (.$&$ </$+$ &,#$( 1-D$ !/$ !/$ Z")0 U"9

!?6,*0 ,&* ."#),&70 2"==#,&& 6&* 5-&*/"1# ,&* "'/$+( ,( <$11 ,( '/$

,..1,-#$* O-#-&- Z+"'"D"11 -&*-.,'$ "&17 '/$ '") "= '/$ -.$9$+>@ N6'/"+(

</" *-+$.' '/$-+ "<& <+-'-&>(0 1-D$ O$&$ Z"11$(./ "+ L,1D O-./'$+0 "+ , .1"($

."11,9"+,'-"& 9$'<$$& ,6'/"+(0 *+,#,'6+>$( ,&* (',>$ *$(->&$+( ,+$ =+$3

?6$&' &"<@ 4/$+$ -( *$=-&-'$17 , +$&$<$* ()-+-' "= , ."11,9"+,'-A$ <"+D-&>

('71$0 ,19$-' -& , #""* </-./ *-==$+( =+"# '/$ '-#$( "= '/$ E.+$,'-"& ."13

1$.'-A$F ("#$ *$.,*$( ,>" B 9$ -' "&17 97 , 1$(( 6'")-,& -*$, "= ."#)1$'$3

17 ."11$.'-A$ <"+D@

P"+D-&> -& , ."11,9"+,'-A$ ('71$ $A$& -= 97 &" #$,&( <-'/"6' '/$ *"#-&,&'

A"-.$ ,&* '/$ -&()-+,'-"& "= "&$ ,+'-(' -( '/$ E)")3'/$,'+$F "= O$&d Z"11$(./

</-./ /,( >,-&$* <-*$ +$("&,&.$ ,&* ),A$* '/$ <,7 ="+ "'/$+ (-#-1,+="+#( "= '/$,'+$@ S,+9,+, P$9$+0 &"< *-+$.'"+ "= '/$ V$6#,+D' 4/$,'+$ -&

a`+-./0 -( , .,($ -& )"-&' /$+$ <-'/ /$+ E6&)16>>$*F $A$&-&>( ,&* ,1(" <-'/

=+$(/ +$&*$+-&>( "= .1,((-.,1 '$C'( B -., 0,"#( ="+ $C,#)1$0 </$+$ b-&> 5$,+

<,( ,((".-,'$* <-'/ '/$ ?6$('-"& "= '/$ =,#-17@ 4/$ =$#-&-(' >+"6) !/$ !/$

Z") ,1(" +$=$++$* '" !/,D$()$,+$( 1%2& 0,"# </$& '/$7 ,(D$* '/$-+ =,'/$+(

'" ,))$,+ '">$'/$+ <-'/ '/$# "& (',>$ ,&* -&-'-,'$* ("#$ ,&-#,'$*

*$9,'$( ,9"6' '/$ #6'6,1 )"(-'-"&( "= =,'/$+( ,&* *,6>/'$+(@

8& '/-( #-1-$6 <$ =-&* #,&7 ,& "+->-&,1 )+"*6.'-"& </-./ .,& 9$ .,11$* -&

"&$ <,7 "+ ,&"'/$+ (-'$ ()$.-=-.@ !)$.','"+( ,+$ -&A-'$* '" A-(-' )+-A,'$ 1-A3

-&> )1,.$(0 '" $&'$+ ("#$ ()$.-,1 $&A-+"&#$&' ="+ , ."6)1$ "= /"6+(0 '"

$C)$+-$&.$ ,& 6&."##"& (-'6,'-"& </$+$ ("#$ )$+="+#,&.$0 +$,*-&> "+

)+$($&','-"& ',D$( )1,.$@ N (-'6,'-"& "= $C)1"+,'-"&0 $A$& +$($,+./0 ,&* "=

6&."##"& $&."6&'$+( -( '/$ >",1@ 4/$+$ -( , )+"="6&* -&'$+$(' '" <"+D -&

,&* <-'/ 6+9,& ,&* "'/$+ )691-. "+ /,1=3)691-. (),.$(@ 4/$ 6+9,& (),.$

,&* -'( ,+./-'$.'"&-.,1 ,&* (".-,1 +$,1-'-$( "= '/$ 6+9,& $&A-+"&#$&' ,+$

$C)1"+$* YO-#-&- Z+"'"D"110 ="+ -&(',&.$0 96' ,1(" 1$(( D&"<& >+"6)( 1-D$N+'7 ./".D -& L+,&D=6+' </" -&A$(' )691-. )1,.$( -& "+*$+ '" /->/1->/' -&

'/$,'+-.,117 .+$,'-A$ <,7( ("#$ )"1-'-.,1 "+ (".-"1">-.,1 (->&-=-.,&.$ "= '/$

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ ccc



(-'$[@ Z+"Q$.'( "= '/-( ("+' <"+D "='$& <-'/ A-*$"0 '+,&(="+# , >-A$& E)1,.$F

-&'" , &$<17 *$=-&$* ,&* ,+'-('-.,117e)"1-'-.,117 -&A$('$* E(),.$F@ O-./,+*

H,C<$11 ,&* "'/$+( #,7 )$+="+# -& , /"'$1 "+ )+-A,'$ ,),+'#$&'@

4/$ <"+D "= Z"11$(./ /,( 9$."#$ #"+$ ,&* #"+$ )"1-'-.,1 -& , (")/-('-3

.,'$* <,7 '/$#,'-G-&> &" 1"&>$+ "&17 '/$ )+"91$#( "= '/$ A-+'6,1 *-#$&3

(-"&( "= <"+D0 96' 9,(-. ."&.$)'( "= '/$ .,)-',1-(' ('71$ "= 1-A-&>@ 4-'1$( "=

/-( )+"*6.'-"&( #,7 &"< 9$ 3"#4%254%2 "+ 6"+7%2%(' 1+,%2@ 2$ -( +$.">3

&-G$* >$&$+,117 ,( "&$ "= '/$ #"(' .+$,'-A$ )+"*6.$+( "= )"1-'-.,117 +$1$3

A,&' <"+D B ,&* "= ."#$*7@ 8& ,& ,'#"()/$+$ "= ),+'7 "+ .169 ,#9-$&.$

'/$ ()$,D-&> E./,+,.'$+(F Y</" ,+$ -& =,.' ."11$.'-A$ -&(',&.$( "= ()$$./

,&* &"' -&*-A-*6,1 *+,#,'-( )$+("&,$[ *$A$1") '/$"+$'-.,1 -((6$( "& (',>$0

"='$& *-+$.'17 '/$"+$'-.,1 *-(."6+($ '+,&(="+#$* =+"# '/-+* '" =-+(' )$+("&

)+"*6.-&> ,#9->6"6( )1,7=61 $%"+8&9,( 0 </-./ -& =,.' ."&('-'6'$ &"' +$,1

*-,1">6$( 96' , ./"+6(0 *-A-*$* 6) -& A"-.$(0 ,&* )+$($&'-&> (".-"1">-.,1

,&* )"1-'-.,1 -((6$(0 *$&"6&.-&> -& , (,'-+-.,1 A$-& -*$"1">-$( "= +$)+$($&3

','-"&0 E(69Q$.'-.-'7F0 -*$&'-'70 "+ *$(-+$ </-./ -( )+$3."*$* 97 '/$ )"<$+

"= .61'6+,1 ,&* (".-,1 &"+#(@

f-,1">6$ 9$'<$$& '/$,'+$ ,&* '/$ (".-$'7

Z"11$(./g( *$A$1")#$&' -( (->&-=-.,&' ="+ , ($."&* ('+"&> -#)61($ -& '/$3

,'+$ "= '/$ =-+(' *$.,*$ "= '/-( .$&'6+7W &,#$170 '" +$3")$& '/$ *-,1">6$

9$'<$$& '/$,'+$ ,&* (".-$'7 97 ',D-&> 6) #"+$ *-+$.'17 )"1-'-.,1 ,&* (".-,1

-((6$(@ 8' -( =,-+ '" (,7 '/,' -& '/$ $&'/6(-,(# "= =-&*-&> Y,&* $C)$+-#$&'3

-&> <-'/[ '/$ &$< )"('*+,#,'-. ,+'-('-. #$,&( 3 A-(6,1 *+,#,'6+>70 #$*-,0

=+,>#$&','-"&0 )$+="+#,&.$31-D$ ,.'-&>0 ")$&-&> '/$ +$,1 ,&* A-+'6,1

(),.$( 3 '/-( *-,1">6$ /,* 9$$& 1"(' '" , .$+',-& *$>+$$ -& '/$ )"('*+,#,'-.

<"+D *$(.+-9$* :J 7$,+( ,>"@ 8& _JJJ S"&&-$ H,++,&., ,&* U,6',# f,(3

>6)', -& ,& -&'$+A-$< -& 4/$,'$+ *$+ a$-' <$+$ 6''$+17 *-(,))"-&'$* '" =-&*

'/$ U$+#,& '/$,'+$ *-==$+$&' =+"# </,' '/$7 /,* ($$& -' -& '/$ :;hJ(W 1$((

)"1-'-.,1170 )/-1"(")/-.,117 ,&* ,+'-('-.,117 *,+-&>0 )+$($&'-&> '"" #6./

()$.',.1$ ,&* (/"<-&> 1-''1$ E*-,1">6$ <-'/ '/$ (".-$'7F@ 4/$ #"'-=( ="+ ,

.$+',-& +$3$&'+7 "= '/$ )"1-'-.,1 ,&* (".-,1 *-#$&(-"& (-&.$ '/$& ,+$ +,'/$+

$A-*$&'W V-&$3X1$A$& _JJ:0 &$< <,+(0 '/$ +-($ "+ +->/'-(' )")61-(' 1$,*$+( -&

X6+")$0 '/$ +$('+6.'6+-&> "= '/$ </"1$ -*$"1">-.,1 ,&* )"1-'-.,1 =-$1* ,='$+'/$ EP$&*$F0 ,&* 1,('0 96' &"' 1$,('0 &$< (".-,1 )+"91$#( "= *-==$+$&'

D-&*(@ 4/$,'+$ *$=-&-'$17 =$1' ,&* =$$1( , &$$* '" *$,1 #"+$ *-+$.'17 <-'/

cci 2,&(34/-$( 5$/#,&&



)"1-'-.,1 -((6$( $A$& -= '/$+$ ,+$ &" ("16'-"&( "+ )$+()$.'-A$( '" "==$+@ P$

/,A$ '" *" <-'/ #6./ )"1-'-.,117 #"'-A,'$* '/$,'+$ 96' +,+$17 -& '/$ ($&($

"= "==$+-&> , ()$.-=-. -*$"1">-.,1 A-$<)"-&'@ 4/$+$ ,+$ )1,7( ,9"6' #,&3,>$+(0 +$,117 , <,A$0 (',+'$* 97 j+( P-*#$+ -8! 38&( 0 ,&* <-'/ L,1D

O-./'$+( ."#)1$C -., :*(),' ,( "&$ /->/)"-&'@ P$ =-&* &"' (" #6./ ,

+$'6+& '" (".-,117 $&>,>$* *+,#, 96' '" ,11 D-&*( "= #-C'6+$(0 +$3$1,9"+,3

'-"&( "= *".6#$&',+7 <"+D0 ,$('/$'-.( "= )$+="+#,&.$0 '/$,'+-.,1 ,.'-"&(

,&* ,.'-A-'-$( B -& *,&.$ ,( <$11 ,( -& '/$,'+$0 "& '/$ $C)1"+,'-"& "= $A$+73

*,7 1-=$@ Y4/$ )")61,+-'7 "= ,6'/"+( 1-D$ H-./$1 *$ R$+'$,6 ,&* H,+. N6>d

-( (->&-=-.,&' -& '/-( +$()$.'[@ 4/$,'+$ ,&* )$+="+#,&.$ ,+$ #"+$ ,9"6'

+$($,+./ -&'" '/$ $A$+7*,7 1-=$ </-./ <$ "&17 9$1-$A$ '" D&"< <$11@ 4/$-+

'$./&-?6$( ,+$ #"+$ )+$($&','-"& '/,& +$)+$($&','-"&0 #"+$ '/$ ,+'=61

$C)"(-&> "= +$,1-'-$( ,&* .+$,'-&> '/$,'+$( "= (-'6,'-"& '/,& +$)+$($&'-&>

*+,#,'-. =-.'-"&( ,9"6' '/$# B ,1'/"6>/ '/-( )+,.'-.$ .$+',-&17 /,( &"'

$&'-+$17 A,&-(/$*@

N$('/$'-.( "= )/7(-.,1-'7 Q6(' 1-D$ /->/ '$./0 ."#)6'$+0 -&'$+&$' ,&* A-*$"

.,& 9$."#$ '/$ '""1( ,&* '/$ #-1-$6 ="+ '/$ +$,<,D$&$* (".-,1 ,&* )"1-'-3

.,1 -&'$+$('@ 4/$ <"+D "= O-#-&- Z+"'"D"11 <-'/"6' )+"=$((-"&,1 ,.'"+(0

</$+$ '/$ $&."6&'$+ <-'/ #,"+ )$")1$ -( #"+$ -#)"+',&' '/,& , *+,#,'6+3>7 "= , =-.'-"&0 /,( >,-&$* <-*$()+$,* A-(-9-1-'7 96' '/$+$ ,+$ , 1,+>$ &6#3

9$+ "= (#,11$+ <"+D( -& '/$ ()-+-' "= '/$ *".6#$&',+70 </-./ "='$& 6($0

-&()-+$* 97 O-#-&- Z+"D"110 &"&3,.'"+( ="+ '/$ #,&-="1* $C)1"+,'-"&( "=

$A$+7*,7 1-=$@ 4/6(0 2,&( P$+&$+ b+k(-&>$+0 ="+ $C,#)1$0 ,&* "'/$+( (',>$

)"1-'-.,1 *".6#$&'( ,&* #,'$+-,1 -& (")/-('-.,'$* <,7(@ \+ 7"6 .,& =-&*

'/$,'+$ ,9"6' '/$ )$+("&,1 /-('"+7 "= -&*-A-*6,1( -& , )"1-'-.,1 ."&'$C' B

-&()-+$* 97 '/$ '$./&-?6$( "= "+,1 /-('"+7 -& '/$ ,.,*$#-. =-$1*@

4/$ #,-& ,+'-('-. )+"91$# -& #,&7 "= '/$($ <"+D( -( &"' '/$ ./"-.$ "= '/$

)+$($&'$* #,'$+-,1 ,1"&$ 96' '/$ ?6$('-"& "= /"< '" *$A$1") </,' H,+-3

,&&$ A,& b$+D/"A$& <"61* .,11 E*+,#,'6+>-$( "= '/$ ()$.','"+F@ 4/$ )"('3

*+,#,'-. *+,#,'6+>7 "= '/$ ()$.','"+ -#)1-$( , /->/'$&$* ,<,+$&$(( "=

,&* , ."&'-&6$* +$=1$.'-"& 6)"& '/$ )"(-'-"& "= ()$.','-&> ,( (6./@ j&*$+3

(',&*,91$0 ,( '/$ *$(-+$ '" ).,'")%;, (".-,1 ,&* )"1-'-.,1 -((6$( #,7 9$ B

<$ #6(' &"' ="+>$' '/,' '/$ '+617 (".-,1 *-#$&(-"& "= ,+' -( '/$ ="+#0 ,( '/$

7"6&> U$"+> 56Dl.( "9($+A$*@ N( 1"&> ,( '/$ ="+#( "= ."&A$&'-"&,1-G$*

<,7( "= ()$.','-&> ,+$ &"' -&'$++6)'$*0 '/$ ."&A$&'-"&,1 #"*$ "= +$.$)'-"&-& '/$,'+$ Y,&* =-1#[ '$&*( '" +$*6.$ '" -&(->&-=-.,&.$ $A$& '/$ #"(' *,+3

-&> *".6#$&','-"& ,&* )"1-'-.,1 .+-'-.-(#@ 4/$+$="+$0 -' +$#,-&( $(($&'-,1

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ cc^



'" ,.D&"<1$*>$ '/,' '/$ '+617 )"1-'-.,1 *-#$&(-"& "= '/$,'+$ /,( -'( )1,.$

&"' (" #6./ -& '/$ '/$#,'-G-&> "= )"1-'-.,117 96+&-&> (69Q$.' #,''$+(

Y</-./ 97 '/-( ."&(-*$+,'-"& ,+$0 "= ."6+($0 &"' $C.16*$*m[ 96' -& '/$ (-'63,'-"&0 '/$ +$1,'-"&0 '/$ (".-,1 #"#$&' </-./ '/$,'+$ ,( (6./ -( ,91$ '" ."&3

('-'6'$@ 4/$,'+$ #6(' 9$ ."&(-*$+$* ,( , (-'6,'-"&0 -'( ,$('/$'-.( #6(' 9$

*$+-A$* =+"# '/-( 9,(-. ."&.$)'@ N&* -' ($$#(0 -& =,.'0 '/,' )"('*+,#,'-.

('+,'$>-$( ."&'-&6$ '" 9$ ($$& 97 #,&7 '/$,'+$ )+,.'-'-"&$+( ,( #"+$ ,)'

'" *$,1 <-'/ (".-,1 -((6$( Y6&$#)1"7#$&'0 A-"1$&.$0 (".-,1 -("1,'-"&0 '$++"+3

-(#0 -((6$( "= +,.$ ,&* >$&*$+[ '/,& '/$ '+,*-'-"&,1 #"*$1 "= (".-,117

$&>,>$* *+,#,@ 4/$+$ <,( -& =,.' , ."&()-.6"6( #"A$#$&' +"6>/17 -& '/$

=-+(' =-A$ 7$,+( "= '/$ &$< .$&'6+7W '/$ &$< +$,1-(#0 )+".1,-#$* 97 ("#$

*-+$.'"+( <-'/ +$=$+$&.$ '" '/$ X&>1-(/ '+,*-'-"& "= +$,1-(' ,&* (".-,117 .+-'3

-.,1 <"+D@ N),+' =+"# '/$ -&'$+&,'-"&,1 +$&"<& "= 4/"#,( \('$+#$-$+ '/-(

<,A$ /,( .""1$* *"<& , 1"'@ 8 *" &"' /,A$ '/$ -#)+$((-"& '/,' -& '/-( *-+$.3

'-"& #,&7 )$")1$ $C)$.' -&'$+$('-&> &$< +$A$1,'-"&( "= '/$ '/$,'+$@ 8& =,.'

'/$ ('+"&>$(' -#),.' "= '/$ E-&37$+3 =,.$F3#"A$#$&' '/,' <,( '/$ +$.$)'-"&

"= !,+,/ b,&$ B </"($ <+-'-&> '6+&$* #"+$ ,&* #"+$ ,<,7 =+"# '/$ +$#3

&,&'( "= *+,#,0 -& /$+ =-+(' )1,7( 1-D$ <+"(),$ ,&* <-'/ =>=? @(*A.8(%( .,#$

.1"($ '" 9$-&> , )$+=$.' $C,#)1$ "= )"('*+,#,'-. '$C'6+$@

R/"+6(

8& _JJ: '/$ U$+#,& '/$,'+$ 1"(' X-&,+ !./1$$= ,&* <-'/ /-# '/$ *-+$.'"+

</" /,* +$*-(."A$+$* '/$ )"<$+ "= '/$ ./"+6( ,( , '""1 ,&* 9,(-. $1$#$&'

"= '/$,'+$@ 8&()-+$* 97 /-( <"+D '/$+$ -( &"< #6./ '/$,'+$ </-./ #,D$(

,#)1$ 6($ "= ./"+,1 ('+6.'6+$ -& *-==$+$&' <,7(@ 4/-( *$A$1")#$&' #$+-'(

9$-&> #$&'-"&$* ,( , '$&*$&.7 -& -'( "<& +->/'@ 8' -( "9A-"6( '/,' '/$ -&'$+3

$(' -& '/$ ./"+6( =6+'/$+ 6&*$+#-&$( '/$ 9,(-. ('+6.'6+$( "= *+,#,'-. +$)3

+$($&','-"&@ !-&.$ ,&'-?6-'7 '/$ ./"+6( -( , '/$,'+-.,1 +$,1-'7 </-./ ")$&(

,&* 9+$,D( 6) '/$ =-.'-"&,1 ."(#"( "= '/$ #7'/ "+ '/$ *+,#,'-. &,++,'-"&

,&* 9+-&>( -&'" )1,7 '/$ )+$($&.$ "= '/$ ,6*-$&.$ /$+$ ,&* &"< -& '/$ '/$3

,'+$0 -& '/$ E'/$,'+"&F@ Y4/-( -( "&$ "= '/$ +$,("&( </7 '/$ ./"+6( ."61*

&"' =-&* , )1,.$ -& '/$ @8,)%A( "= N+-('"'1$ </"($ #,-& -&'$&'-"& <,( '/$

.1"(6+$ "= '/$ <"+D "= ,+'0 -'( ,6'"(6==-.-$&' '"',1-'7 ,&* ."#)1$'$&$((@[ 8'

."61* ($$# '/,' X-&,+ !./1$$= <,( "&17 , ("1-',+7 =->6+$ -& +$,&-#,'-&> '/$

./"+6(0 96' (-&.$ '/$ 7$,+( </$& /-( )+"*6.'-"&( )+"A"D$* /6>$ *$9,'$(-& U$+#,&7 '/$ 6($ ,&* '/$ *-(.6((-"& "= '/$ ./"+6( *-* &"' $&* 96'

>,-&$* >+"6&*@ 4/$ <"+D( "= T"1D$+ 5k(./ .,& 9$ #$&'-"&$* /$+$ </"

ccn 2,&(34/-$( 5$/#,&&



<"+D( <-'/ *-+$.' ,**+$(( "= '/$ ,6*-$&.$ ,&* <-'/ ./"+6($( ="+ $C,#)1$

"= 6&$#)1"7$* ,&* .-'-G$&( "= '/$ ,+$, -& "+*$+ '" ,+'-.61,'$ (".-,1 ,&*

)"1-'-.,1 -((6$(@ 2-( <"+D +,-($( )"1$#-. +$,.'-"&( 3 ,&* -& =,.' "='$& ,+"6(3$( '/$ (6()-.-"& "= #,-&17 )+"=-'-&> =+"# (".-,1 #-($+7 ="+ ()$.',.61,+

$==$.'( <-'/"6' +$=1$.'-&> ,&* ?6$('-"&-&> '/$ '/$,'+$ ,)),+,'6( </-./ -'

#,D$( 6($ "=@ S6' -' -( &"' "&17 -& '/$ *"#,-& "= (6./ -##$*-,'$17 E)"1-'3

-.,1F '/$,'+$ '/,' , +$'6+& "= '/$ ./"+6( .,& 9$ "9($+A$*@ 4/$ =,.' -( '$11-&>

'/,' , *-+$.'"+ 1-D$ V-."1,( !'$#,&& )+$($&'( ,1(" -., B8CC,#( "= !./-11$+

-& ./"+6( ('71$ Y)$+="+#$+( (/,+-&> ,&* ./,&>-&> +"1$(0 .+$,'-&> <-'/ A"-.$

,&* >$('6+$ , E<"+*3."&.$+'F o!'$#,&&p -& '/$ #,&&$+ "= , Q,GG3 "+ +".D

9,&*[@

f,&.$

N&"'/$+ '$&*$&.70 3 ,='$+ '/$ ."11,9"+,'-A$ <,7 "= )+"*6.'-"&0 '/$ *-,1">6$

<-'/ (".-$'70 '/$ +$'6+& "= '/$ ./"+6( 3 -( '/$ $&"+#"6( ,&* <-*$()+$,*

-&'$+$(' -& *,&.$0 '/$ ()+$,*-&> "= '/$"+$'-.,1 ,&* )+,.'-.,1 <"+D <-'/0 -&

,&* "& *,&.$@

P-11-,# L"+(7'/$ -( $C)1"+-&> '/$ .+"((3"A$+ 9$'<$$& *,&.$0 -&(',11,'-"&0

)$+="+#,&.$0 =$('-A$ $A$&'0 -&'$+,.'-A-'7 ,&* )"1-'-.,1 +$=$+$&.$ -& <"+D(

1-D$ D9'"2 E#%),( @ 4/-( <,( , ),+'-.61,+17 -#)+$((-A$ <"+D@ 8& , 1,+>$

(),.$ , &6#9$+ "= 1,+>$ ',91$( <$+$ )1,.$* <-'/ </-'$ (6+=,.$( 6)"& </-./

-' <,( )"((-91$ '" <+-'$@ N1"&> '/$ <,11( 7"6 (,< <+-''$& A$+(-"&( -& #,&7

1,&>6,>$( "= '/$ 26#,& O->/'(@ 4/$ )$+="+#,&.$ '""D )1,.$ -& '/-( <,7W ,

&6#9$+ "= *,&.$+( ,&* ,1(" &"&3*,&.$+( /,* '/$ ',(D '" <+-'$ 6&*$+ #"('

*-==-.61' ."&*-'-"&( "+ +61$( "& '/$ ',91$(0 ="+ $C,#)1$ /"1*-&> '/$ )$& -&

'/$-+ #"6'/ "+ -& ,<D<,+* )"(-'-"&(@ 4/$ ,6*-$&.$ <,( -&A-'$* '" ('+"11

=+$$17 9$'<$$& '/$ ',91$( ,&* ,+"6&* '/$#@ S6' '/$&0 -& '/$ ."6+($ "= '/$

$A$&'0 ,6*-$&.$ #$#9$+( <$+$ ,(D$* -&*-A-*6,117 '" (6))"+' '/$ )$+="+#3

$+(0 /$1) '/$# ,&* .+$,'$ (#,11 ."11$.'-A$( ="+ *-==-.61' <+-'-&>@ \&$ ()$.3

','"+ #->/' <+-'$ 1$''$+( "& '/$ 9,.D "= ,&"'/$+ </" -& '6+& ),(($* '/-( "&

97 >$('6+$( '" '/$ )$+="+#$+ </" '/$& <"61* '+7 '" <+-'$@ E26#,& <+-'$(

/6#,& +->/'(F@

H$> !'6,+' ."#9-&$( *,&.$ ,&* #-&-#,1 $C)1"+,'-"& "= >$('6+$( ."#9-&$<-'/ /6>$ ($''-&>(0 '/$,'+-.,1 ()$.',.61,+ ,&* "& '/$ "'/$+ /,&* )"$'-.

<"+D( "& , (#,11 (.,1$@ R"&(',&G, H,.+,( ,&* "'/$+( )"1-'-.-G$ *,&.$ '/$3

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ cch



,'+$0 .+"((-&> =+$$17 9$'<$$& *,&.$0 )$+="+#,&.$0 )/7(-.,1 '/$,'+$0 ,.'-&>0

,&* -&(',11,'-"&@ f,&.$ /,( 9$."#$ , )+,.'-.$ </-./ -( #6./ 9+",*$+

+$.$-A$* ,&* /,( -&=16$&.$* #"+$ -& #,&7 =-$1*( "= '/$,'+$ )+,.'-.$@ 4/$.61'6+,1 )"1-'-.( "= '/$ U$+#,& (','$ /,( 9$$& $,>$+ '" (6))"+' *,&.$ 97 ,

/6>$ =-&,&.-&> )+"Q$.'0 .,11$* -"2;!+"20 "A$+ , &6#9$+ "= 7$,+( &"<@

f,&.$ -( ,1(" ,& $(($&'-,1 =,.'"+ -& '/$ +$."&(-*$+,'-"& ,&* +$(/,)-&> "=

'/$"+$'-.,1 &"'-"&( "= </,' .,& 9$ ,& ,*$?6,'$ .+-'-.-(# ,&* ,.,*$#-. *-(3

."6+($0 '/$ +$=1$.'-"& &,#$17 "= ./"+$">+,)/$+( ,9"6' '/$-+ <"+D <-'/-&

'/$ E.61'6+,1 =-$1*F -& '/$ ($&($ "= Z-$++$ S"6+*-$6 Yq,A-$+ 5$ O"70 S"+-(

R/,+#,'G0 4/"#,( 5$/#,&[@ f,&.$ 1-D$ '/$,'+$ )+,.'-.$ -& >$&$+,1 -( ."&3

(',&'17 3 ,&* #6./ #"+$ (" '/,& -& '/$ :;;J( B .+-'-.-G-&>0 +$=1$.'-&>0$C/-9-'-&> -'( "<& )+"91$#,'-. (','6( ,( ,$('/$'-. "+ &"'/-&>396'3,$('/$'-.

)+,.'-.$0 +$Q$.'-&> "='$& '/$ ($$#-&>17 &,rA$ )+"*6.'-"& "= , .1"($* ,$(3

'/$'-. =-.'-"& '" ."&'$#)1,'$@

N6'/"+( ,&* *-+$.'"+( ,+$ -&.+$,(-&>17 $C)$+-#$&'-&> <-'/ )"((-9-1-'-$( "=

*,&.$ ,&* ./"+$">+,)/70 -&'$>+,'-&> *,&.$ -& '/$-+ <"+D@ L,1D O-./'$+0 ="+

$C,#)1$0 ."11,9"+,'$* +$)$,'$*17 <-'/ f6'./ ./"+$">+,)/$+ N&"6D A,&

f-QD0 ="+ $C,#)1$ -& -#9() 0 </$+$ )+"91$#( "= (".-,10 =-&,&.-,1 ,&* -&*-A-*3

6,1 .+$*-9-1-'70 '/$ '/$#$ "= '/$ =,'->6$ "= '/$ ($1=0 ,( *-(.6(($* 97 N1,-&

X/+$&9$+> ,+$ ,+'-.61,'$* -& , &$< ="+# "= E*,&.$ '/$,'+$F .+$,'$* 97 , 1-'3

$+,+7 ,6'/"+ -& ."11,9"+,'-"& <-'/ , ./"+$">+,)/$+ ,&* '/$ *,&.$+( -& '/$

)+".$(( "= +$/$,+(,1(@ 5,6+$&' R/d'"6,&$0 $,+1-$+ +$&"<&$* ="+ /-( ($$#3

-&>17 $C.16(-A$ ."&.$&'+,'-"& "& <"+* ,&* '$C'0 <"+D( ="+ ("#$ 7$,+( &"<

<-'/ '/$ ."3)+$($&.$ "= ,.'"+( ,&* *,&.$+( </-1$ (',>-&> ,' '/$ (,#$ '-#$

('+"&> '$C'( Y2k1*$+1-&0 5$&G0 S`./&$+0 S+$./'[@ 2$ -&A-'$( ()$.','"+( '"

(/,+$ , (','$ "= ."11$.'-A$ 9$-&> "& (',>$ <-'/"6' '/$ '"(F "= /->/17 ('713

-G$* ="+# "+ $,(7 $#"'-"&,1 -*$&'-=-.,'-"&@ 8& (6./ <"+D <$ =-&* 97 &"#$,&( , +$'6+& "= '/$ E4,&G'/$,'$+F "= '/$ :;IJ( Y</$+$ *,&.$ /,* '/$

6&?6$('-"&$* 1$,*[ 96' , &$< )+,.'-.$ </$+$ *,&.$ 9$."#$( ,& -&'$>+,1

),+' "= <-*$+ )+"Q$.'( "= ,& ,6'/"+0 , *-+$.'"+ -& ."11,9"+,'-"& <-'/ ./"+$3

">+,)/$+( ,&* *,&.$+(@ 4/$ )"-&' -( /$+$ '/$ )"('*+,#,'-. $C)1"+,'-"& "=

, ./"+,>+,)/-$ -& ,11 *-+$.'-"&( B >$('6+$ ,&* *,&.$ ."#-&> -&'" )1,7 ,(

(-1$&' ."##$&',+7 ,&* ?6$('-"&-&> "= '/$ ()"D$& <"+*] '/$ <"+* $&'$+-&>

-&'" &$< ="+#( "= *-,1">6$ <-'/ '/$ (),.$ ,&* '/$ >$('6+$ "= '/$ )+$($&'

,&* *,&.-&> 9"*7@ 8& '/-( (',>$31,&*(.,)$ '/$ -&*-A-*6,1 (69Q$.'-A-'7 '$&*('" 9$."#$ ),+' "= 1,+>$+ /"+-G"&@ 2$-&$+ H`11$+W s8& $A$+7 1,&*(.,)$ '/$ E8

-( ."11$.'-A$t@

ccI 2,&(34/-$( 5$/#,&&



P$ #,7 +$1,'$ '/$ >$&$+,1 -&'$+$(' -& *,&.$ '" '/$ /$->/'$&$* -&'$+$(' -&

./"+$">+,)/-. ,()$.'( "= E#-($ $& (.u&$F@ 4/$+$ ,+$ '/$ ./"+$">+,)/$*

(),.$(0 '/$ #"A$#$&'( ,&* 1-''1$ *,&.$( -& R/+-('")/ H,+'/,1$+( <"+D0#"('17 <-'/ N&&, T-$9+".D] '/$+$ ,+$ '/$ ('+"&> $1$#$&' "= ./"+$">+,)/-3

.,10 +/7'/#-. ,&* >$('6+,1 ),''$+&( -& )+"*6.'-"&( "= H-./,$1 4/,1/$-#$+0

</" "='$& +$,1-G$( ,& -&'$+$('-&> ($),+,'-"&W ('+"&> >$('6+$( ,&* 9"*7

#"A$#$&'(0 '/$& ,>,-& ('+-.' (',&*('-11 "= '/$ 9"*7 </$& '/$ ,.'"+( *$1-A3

$+ '/$-+ '$C' "='$& -& /->/ ()$$*@ P$ .,& ()$,D /$+$ "= , +6)'6+$ <-'/ &,'3

6+,1-G-&> +$)+$($&','-"&@ P/-1$ '+,*-'-"&,1 *+,#,'-. +$)+$($&','-"& =+"#

5$((-&> '" !',&-(1,<(D- '+-$( '" .+$,'$ ,& -#)+$((-"& "= 2")9#"+ 9$/,A-"6+0

'/-( 1">-. -( /$+$ ,9,&*"&$* -& =,A"6+ "= '/$ )+-&.-)1$ "= , ("#$</,'

9+$./'-$& ."&(.-"6( $C)"(-'-"& "= ,& "='$& /->/17 ,+'-=-.-,1 1,&>6,>$ ,&*

B-& ),+,11$1B , +$)$+'"-+$ "= )+$.-($ >$('6+$( ,&* 9"*7 #"A$#$&'(@

V,++,'-"& ,&* 4/$,'+$ "= '/$ ()$$./ ,.'

N&"'/$+ '$&*$&.7 B&6#9$+ =-A$B .,& )$+/,)( *-()$+($ ("#$ )+$Q6*-.$(

."&.$+&-&> '/$ +"1$ ,&* -#)"+',&.$ "= '/$ <"+*@ 4/$ 1,&>6,>$ "= '/$ 9"*7

-( &"' ,11@ N &$< -#)"+',&.$ "= '$C'0 <"+*0 ,9"A$ ,110 "= &,++,'-A$ .,& 9$"9($+A$* </-./ <,( (6)$+($*$* -& '/$ :;IJ( ,&* $,+17 :;;J( 97 A-(6,1

$C)1"+,'-"&(0 $A$& -= '/$ A$+9,1 *-#$&(-"& /,* &$A$+ +$,117 A,&-(/$*@ 4/$+$

-( &"< , 1,+>$ &6#9$+ "= '/$,'+-.,1 <"+D( 9,($* "& $)-. '$C'(0 "& &"A$1(@

f-+$.'"+( "='$& )+$=$+ $)-. '$C'(0 &,++,'-"&0 $A$& /-('"+-.,1 ."##$&',+-$(0

"+ '/$"+$'-.,1 '$C'( '" $C)1-.-'17 *+,#,'-. '$C'(@ 4/$,'+$ /,( *$A$1")$*

&6#$+"6( <,7( "= '$11-&> ('"+-$( <-'/"6' =,11-&> 9,.D -&'" '/$ '+,*-'-"& "=

+$,1-(' *+,#,'-. -#)$+("&,'-"& ,&* .1"($* =-.'-"&@ !"#$'-#$( '/$ +$=$+3

$&.$ '" =-1# &,++,'-"& ."#$( -&'" )1,7 /$+$@ N *-+$.'"+ 1-D$ O"9$+' 5$),>$

#,D$( , (")/-('-.,'$* 6($ "= .-&$#,'-. ('71$0 A-*$"0 =-1#0 $)-. &,++,'-"&0

."11,>$ ,&* "'/$+ '$./&"1">-.,1 *$A-.$(@ 8& Z"1,&*0 U+G$>"++G K,+G7&,

#,*$ 3"( G,() =+"# '/$ f">#, L-1# 97 T-&'$+9$+>0 ($A$+,1 '/$,'+$( -& U$+3

#,&7 *-* '/-( '""@ Z$'$+ U+$$&,<,7 (/"<$* -& _JJ: , )+"*6.'-"& .,11$*

H8+$ -& L+,&D=6+' ,# H,-&@ 8' -( -&'$+$('-&> '" &"'$ '/,' N&>$1, !./,1$&$.

=+"# '/$ V$< S$+1-& !./""1 "= =-1##,D$+( ,1(" <"+D( -& '/$ '/$,'+$ B '/$

("3.,11$* S$+1-& (./""1 ."&.$&'+,'$( "& , ('71$ "= &,++,'-"& </-./ -( ."&3

(.-"6(17 *$*+,#,'-G$* ,&* $#)/,(-G$( ),'-$&' &"&3*+,#,'-. "9($+A,'-"&

"= $A$+7*,7 ,.'-A-'-$(@ 8' .,& 9$ ,+>6$* '/,' (6./ &$< '$&*$&.-$( -& .-&$#,,&* )"('*+,#,'-. '/$,'+$ ,+$ +$1,'$* '" $,./ "'/$+ -& <,7( </-./ ('-11 /,A$

'" 9$ $C)1"+$* '/$"+$'-.,117@

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ cc;



4/$ +$&$<$* $#)/,(-( "& &,++,'-A$ ."#9-&$( <-'/ '/$ +$&$<$* -&'$+$(' -&

'$C' ,&* <"+* -& 7$' ,&"'/$+ *-+$.'-"&@ !"#$ "= '/$ #"(' -#)+$((-A$

#"#$&'( -& ."&'$#)"+,+7 '/$,'+$ /->/1->/' '/$ #$',)/"+-.,117 Y,&* ("#$3'-#$( ,1(" +$,117[ &,D$* ,.'"+ "+ )$+="+#$+0 ,&* ($$#( '" 9$ *+-A$& 97 '/$

*$(-+$ '" #,D$ 6( ,<,+$ "= '/$ <"&*$+0 (" '" ()$,D0 "= '/$ )6+$ ,.' "=

()$,D-&>0 '/$ )/7(-.,1 ,&* 1-D$<-($ #$&',1 ."&=+"&','-"& "= '/$ ()$.','"+(

<-'/ , ()$,D-&> 9"*7 -& -'( 9,(-. (-#)1-.-'7 Y</-./ ."&('-'6'$( -& =,.' ,

."#)1$C-'7 "= '/$ /->/$(' "+*$+[@ 8& ("#$ <"+D( <$ =-&* , ('+"&> -#)61($

'"<,+* '/$ ,.'"+ ,( )$+="+#$+0 ,& -#)61($ </-./ -( ),+,11$1$* 97 , +$(-('3

,&.$ '" ,11 (-#)1$ '/$,'+-.,1-'7W *d."+0 ."('6#$0 <$113('6*-$* >$('6+$0 +$-&3

="+.$#$&' 97 #6(-. ,&* 1->/'-&> $==$.'(@ 8 )+")"($ '" .,11 -' , ).,")#, 8I ).,

(!,,A.5"A) @ P$ #,7 '/-&D "= f-#-'$+ U"'(./$== </"0 -&()-+$* 97 2$-&$+

H`11$+0 $,5).,")#%A"+%;,( '/$,'+$ ,&* #,+D( '/$ (.$&$ 97 , ."&.$&'+,'$* '$C3

'6,1 )+$($&','-"& -& +,*-.,117 #-&-#,1-(' ($''-&>( B (),.$( "='$& ."&.$-A$*

97 H,+D 5,##$+'@ !)$$./0 '$C'0 ,&* <"+* $(',91-(/ /$+$ ,&* -& "'/$+ .,($(

,& -&'-#,'$ +$1,'-"& "A$+."#-&> '/$ ="6+'/ <,110 ,11"<-&> '/$ '/$,'+$ '"

9$."#$ , (),.$ ="+ '/-&D-&> ,&* +$=1$.'-"&0 -&'$++6)'-&> '/$ )6+$17 ,$(3

'/$'-. ,))+$/$&(-"& 97 , )+"A".,'-A$ %'!+%A")%82 "= '/$ ()$.','"+( </" ,+$

="+.$* '" >" ,1"&> <-'/ '/$ +,*-.,1 +$*6.'-"& "= '/$,'+-.,1-'7 ,&* $&'$+ -&'"

,& 6&6(6,117 -&'$&($ +$1,'-"& <-'/ '/$ E)6+$F ()$$./ ,.' "= '/$ )$+="+#$+@4/$ +$*6.$* ,&* #-&-#,1-('-. <"+D( "= 5,6+$&' R/d'"6,&$ )+"A"D$ ,6*-3

$&.$( 97 , /7)$+9"1-. ."&.$&'+,'-"& "& '$C' ,&* '/$ ,.' "= ()$,D-&>@ !)$.3

','"+( =-&* &" *+,#, ,&* -*$&'-=-.,'-"& <-'/ =-.'-A$ ./,+,.'$+ 96' /,A$ '"

*$,1 -&('$,* <-'/ '/$ +$,1 )+$($&.$ "= '/$ ,.'"+Y([@ B4/-( D-&* "= '/$,'+$

,11"<( '/$ ()$.','"+( '" $C)$+-$&.$ , *$$) #,+")%82 <-'/ '/$ ,.'"+e)$+3

="+#$+B #,&7 1$,A$ '/$ '/$,'+$ *-(,))"-&'$* 9$.,6($ -' *$&-$( '/$ $C)$.'3

$* ()$.',.1$@ S6' <"+D( "= '/-( D-&* *" 97 &" #$,&( -&*-.,'$ , +$'6+& "=

'/$ '/$,'+$ '" , ."&A$&'-"&,1 *+,#,'-G-&> "+ , (-#)1$ +$'6+& "= '/$ '$C'

B$A$& -= '/$7 ,+$ $,(-17 #-(6&*$+('""* -& $C,.'17 '/-( <,7@ 4/$7 ,+$ -&('$,*

."#)+$/$&(-91$ "&17 ,( ,& -&'+6(-"& "= $1$#$&'( "= )$+="+#,&.$ )+,.'-.$

-&'" '/$ '/$,'+$ </-./ ("#$'-#$( #,7 "A$+(/,*"< 96' #,7 ,1("0 1-D$ -&

'/$($ .,($(0 /->/1->/' '/$ '$C'6,1 #,'$+-,1@ 8' -( '/$ )/7(-.,1 ,&* #$&',1

+$,1-'7 "= '/$ ,.' "= ()$,D-&> "+ "= )$+="+#,&.$ ,( ,&* "= ()$,D-&> </-./

-( ,' '/$ .$&'+$ "= '/-( '/$,'+$@ 8' -( ,9"6' '/$ )/7(-.,10 +$,1 ()$$./ ,.'0

,9"6' '/$ (-'6,'-"& "= )$+="+#$+ ,&* ()$.','"+ -& -'( -&'-#,'$ ."&=+"&',3

'-"&0 -' -( ,9"6' )$+="+#,&.$ 3 &"' ,9"6' ,& $C.16(-A$ "+ )+$*"#-&,&' ."&3

.$+& <-'/ '/$ '$C'@ 8' <,( '/$+$="+$ , 1">-. #"A$#$&' '/,' R/d'"6,&$ ="+("#$ '-#$ &"< -&."+)"+,'$( *,&.$ ,&* *,&.$* >$('6+$ -& /-( <"+D .+$,'3

-&> , #6'6,1 $./" (),.$ ="+ '/$ <"+* ,&* ="+ '/$ *,&.$@

ciJ 2,&(34/-$( 5$/#,&&



8 ('") /$+$ <-'/ #7 .6+("+7 "A$+A-$< ,9"6' =-A$ '$&*$&.-$( -& '/$ 1,('

*$.,*$ </-./ 8 =-&* (->&-=-.,&' ,&* ."#$ '" '/$ =-+(' "= ("#$ ?6$('-"&(

</-./ #,7 9$ +,-($* <-'/ >""* +$,("&(@

:[ 8= <$ ."&(-*$+ '/$ *$A$1")#$&'( (-&.$ :;;; 3 -( '/$+$ , &$$* '" +$A-($

'/$ &"'-"& "= )"('*+,#,'-. '/$,'+$ $(($&'-,117v H7 -#)+$((-"& -(W &"@ 8 =$$1

'/,' '/$ .,'$>"+-$( 6($* -& '/$ 9""D ."&'-&6$ '" /"1* '+6$ ="+ '/$ *$(.+-)3

'-"& "= #6./ "= '/$ &$< <"+D@ N+#-& Z$'+,(0 V-."1,( !'$#,&&0 L,1D O-./'$+0

!$9,('-,& 2,+'#,&&0 !'$=,& Z6./$+0 (" #,&7 "'/$+( B ,11 *$),+' =+"# '/$

=+"&',1 (-'6,'-"& "= 1-'$+,+7 '/$,'+$0 ,*")' ./"+6( "+ ."#)1$'$17 ")$& (),.$

3 )+,.'-.$( </-./ #,7 -#)17 *+,#,'-. $1$#$&'( 96' #,D$ ,#)1$ 6($ "=

"A$+<+-'-&> *+,#,'-. ('"+7 ,&* +$,*,91$ (->&-=-.,'-"& 97 )$+="+#,&.$0

)/7(-.,1 '/$,'+$0 -&'$+,.'-A-'70 ")$&-&> '/$ =-.'-"&,1 (),.$ '" '/$ '/$,'+"&@

4/$ <"+D "= 2$-&$+ U"$99$1( -( ',D$& 97 #,&7 '" 9$ +$)+$($&','-A$ "= '/$

(','$ "= ,==,-+( -& '/$,'+$ 1,&>6,>$ ,&* /-( <"+D -( ?6-'$ "9A-"6(17 )"('3

*+,#,'-.0 -&.16*-&> ),-&'-&>0 )/-1"(")/70 #6(-. ,&* 9+-*>-&> '/$,'+$ ,&*

-&(',11,'-"& ,( -& :)%I),#( 3%2&,@ 8& U$+#,&7 '/$ '$+# #$,&</-1$ ."#$(

.1"($ '" (->&-=7-&> ."&'$#)"+,+7 EO$>-$'/$,'$+F@ 4/$ <"+* ,))$,+( -& *-.3

'-"&,+-$(0 ,&* -& '/$,'+$ .+-'-.-(#@ 4/$ 1$,*-&> U$+#,& '/$,'+$ Q"6+&,1 )6'

'/+$$ '-#$( '/$ <"+* #,((-A$17 "& '/$ =+"&' ),>$ ,&* $&>,>$* -& .+-'-.,1*-(.6((-"& "= -'0 .1,-#-&> -& ,& $*-'-"& "= _JJ; '/,' '/$ .,'./<"+* E)"('3

*+,#,'-.F /,* *"#-&,'$* '/$ *-(.6((-"& -& '/$ 1,(' '$& 7$,+(@ !"#$ ,+'-('(

+$=$+ $C)1-.-'17 '" '/$ '$+# YO-#-&- Z+"'"D"11 .,11$* "& '/$-+ /"#$),>$ '/$-+

<"+D E)"('*+,#,'-.F[ ("#$ *-+$.'"+( ,..$)' -' ="+ '/$-+ )+"*6.'-"&(@ N&*

8 "9($+A$ <-'/ )1$,(6+$ '/,' @8()$#"'")%A -.,")#, ,1(" ($$#( '" 9$ /$1)=61

="+ &$< '$&*$&.-$( -& '/$,'+$ )$*,>">7@

N +$)"+' ,9"6' '/$ L+$&./ '/$,'+$ (.$&$ 97 S+6&" 4,.D$1( -& _JJn -& -.,5

"),# $,# J,%) (','$* +->/' =+"# '/$ 9$>-&&-&> '/,' /$ <"61* ',D$ @8()$#"5

'")%A -.,")#, ,( , >6-*$ 1-&$ ="+ /-( +$)"+'@ 4" #7 (6+)+-($ .+-'-.(0 (./"13

,+(0 ,&* )+,.'-'-"&$+( -& K,),&0 5,'-& N#$+-.,0 N6('+,1-,0 Z"1,&*0 !),-&0 -&

'/$ S,1D,& +$>-"& ="6&* ,&* ."&'-&6$ '" =-&* '/$ 9""D /$1)=61@ 4+,&(1,3

'-"&( ."&'-&6$ '" 9$ )691-(/$*0 Y=-='$$& 97 &"<[0 ,&* '/$+$ -( , <-*$()+$,*

+$.$)'-"& ,&* *-(.6((-"& "= '/$ '$+# ,&* '/$ 9""D $A$& -& ,+$,( </$+$ 8

*-* &"' ,' ,11 $C)$.' (6./ -&'$+$('W ="+ $C,#)1$ S+,G-10 N+>$&'-&,0 R/-1$ "+

R"16#9-,@ EZ$+="+#-&> 5-'$+,'6+$(F '/$ -((6$ "= @,#I8#'"2A, B,(,"#A. "=

H,+./ _JJ; "==$+( ,#)1$ )+""= '/,' '/$ '$+# ,( -' -( '/$"+-G$* -& '/$ 9""D/,( +$',-&$* , .$+',-& E6($ A,16$F@ 8' -( , )"-&' "= +$=$+$&.$ -& #,&7 ,+'-3

.1$(0 6($* '" ,&,17G$ )$+="+#,&.$ ,&* <+-'-&> Y4-# R+"6./0 K$1-&$D0 b,&$[]

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ ci:



-' .,& 9$ )+"*6.'-A$17 6($*0 ?6$('-"&$* ,&* .+-'-.-($* -& $C)1"+-&> '/$

."#)1$C +$1,'-"& *+,#,3'/$,'+$@

8& ()-'$ "= .+-'-.-(# "= *-==$+$&' D-&* -' -(0 8 (6))"($0 >$&$+,117 ,..$)'$*

'/,' '/$ &"'-"& /,( 9$$& 6($=61 ,&* )+"*6.'-A$

w -& )"-&'-&> '" , E*+,#,'-.F $&1,+>$#$&' "= '/$ )"((-9-1-'-$(0 '$./&"1"3

>-$(0 ,$('/$'-.( "= '/$,'+$ )+,.'-.$]

w -& )"-&'-&> '" '/$ .$&'+,1 -#)"+',&.$ "= "A$+."#-&> , #6./ '"" .1"($

,((".-,'-"& -& '/$ #-&*( "= ()$.','"+( ,&* .+-'-.( "= '/$,'+$ ,&* '/$ 1-'3

$+,+7 >$&+$ "= *+,#,]

w -& <-*$&-&> '/$ )$+()$.'-A$ "& '/$,'+$e)$+="+#,&.$ ,( , )+,.'-.$ </-./

'+,&(.$&*( '/$ 9"+*$+( 9$'<$$& ,+'0 (".-,1 )+,.'-.$0 ,&* '/$,'+$ ,&* -(

9$(' ,&,17G$* ,( ,& E$*>$ "= ,+'F@

8& ,.,*$#-. ,( <$11 ,( .+-'-.,1 *-(."6+($ '/$ '$+# E)"('*+,#,'-.F -( 6($*

?6-'$ +$>61,+170 "='$& -& .1"($ ."&&$.'-"& <-'/ )$+="+#,&.$ ,&*e"+ $C)$+3

-#$&',1 '/$,'+$ -& >$&$+,1@ !" 8 *" &"' ($$ '/$ &$.$((-'7 '" ()$,D "= , )"('3

)"('*+,#,'-. '/$,'+$ "+ '/$ 1-D$@

_[ 4/$ '/$"+$'-.,1 )+"91$# "= '/$ -&'$+)1,7 ,&* ."&=1-.' 9$'<$$& ).,")#,

"2$ $#"'" +$#,-&(0 ,( 8 ($$ -'0 ,( , '""1 '" +$3'/-&D '/$ X6+")$,& '+,*-'-"&

"= *+,#,'-. '/$,'+$ ,( <$11 ,( '/$ X6+")$,& '+,*-'-"& "= -'( '/$"+7@ H7 )+"3

)"(,1 "= '/$ ($?6$&.$ )+$*+,#,'-.0 *+,#,'-. ,&* )"('*+,#,'-. ,1'/"6>/ -'

<,( ($$& ("#$'-#$( ,( , D-&* "= 2$>$1-,& )+".$(( -( &" #"+$ '/,& ,&

,''$#)' '" '/-&D '/$ *$A$1")#$&' "= X6+")$,& '/$,'+$ =+"# '/$ )$+()$.3

'-A$ "= ."&'$#)"+,+7 )+,.'-.$@ 4/$ -&&$+ '$&(-"& ,&* $A$&0 ,( /,( 9$$&

(,-*0 '/$ E."&'+,*-.'-" -& ,*Q$.'"F 9$'<$$& *+,#, ,&* '/$,'+$ -& '/$ &"'-"&

E*+,#,'-. '/$,'+$F -( ,& -((6$ </-./ &$$*( ,&* #$+-'( '" 9$ *$A$1")$*@ N(

<,( ,+>6$* -& @8()$#"'")%A -.,")#, '/$ 2$>$1-,& *$=-&-'-"& "= 9$,6'7 -(

,1+$,*7 -& /-( "<& *-,1$.'-.( ?6$('-"&$*0 *-('6+9$*0 9+"D$& </$+$ E*+,#,F

-( ."&.$+&$* 97 ,& -++$*6.-91$ $1$#$&' "= ./,&.$0 &"&39$,6'70 97 , )+$3

*"#-&,&.$ "= '/$ E),+'-.61,+F "A$+ '/$ E>$&$+,1F B9$ -' "&17 -& '/$ )$+("&

"= '/$ ,.'"+ </" -( )1,7-&> <-'/ '/$ #,(?6$ ,&* ,))+")+-,'-&> '/$ 9$,6'-3

=61 '" /-( "<& -*-"(7&.+,'-. ,&* ),+'-.61,+ )$+("&,1-'7@ Z"('*+,#,'-. '/$3

,'+$ -( -& '/-( +$()$.' '/$,'+$ -& '/$ ,>$ "= ($1=3+$=1$.'-"& "= '/$ ."&.$)' "=

'/$ 9$,6'-=610 ."&(.-"6(17 ?6$('-"&-&> -'( "<& (','6( ,( ,& "9Q$.' "= ."&3'$#)1,'-"& ,&* 9$."#-&> ,& $1$#$&' "= *-==$+$&' D-&*( "= )+,.'-.$ Y(".-,10

)"1-'-.,10 )$*,>">-.,10 *".6#$&',+7x[@ 4/$ )+")"(,1 "= K$,&3Z-$++$ !,+3

ci_ 2,&(34/-$( 5$/#,&&



+,G,. <,( '/,' '/$ &"'-"& "= E+/,)("*-. '/$,'+$F #->/' 9$ #"+$ /$1)=61 ="+

6&*$+(',&*-&> '/$ >$&$+,1 #"A$#$&' "= ."&'$#)"+,+7 '/$,'+$ )+,.'-.$@

4/-( &"'-"& +$=$+( '" S+$./'0 '/$ S+$./'-,& ,.'"+0 ,&* '" S$+&,+* f"+'@ N(6($=61 ,( '/$ '$+# -( ="+ , &6#9$+ "= ,))+",./$( '" '/$,'+$ </$+$ '/$ '$C3

'6,1 *-#$&(-"& +$#,-&( -& '/$ .$&'+$ '/$ -*$, "= '/$ +/,)("*-. ($$#( '" 9$

+""'$* '"" #6./ -& '/$ *+,#,'-. ,&* S+$./'-,& '+,*-'-"& ,&* B,( =,+ ,( 8

.,& ($$B *"$( &"' ,.."6&' $&"6>/ ="+ ,11 '/"($ *-#$&(-"&( "= '/$,'+$

</-./ 9+-&> -' .1"($ '" &"&31-'$+,+7 "+ 1$(( 1-'$+,+7 ,()$.'( 1-D$ )$+="+#3

,&.$0 -&(',11,'-"&0 *,&.$ ,&* (" ="+'/@ !" 8 ($$ &" &$$* '" +$)1,.$ E)"('3

*+,#,'-.F 97 E+/,)("*-.F@

c[ N( '/$ 9""D *-* &"' #,D$ (6==-.-$&'17 .1$,+ '/$ '$+# E)"('*+,#,'-.F -(

'" 9$ 6&*$+('""* -& '$+#( "= /-('"+-.,1 +$=1$.'-"& "& '<" 1$A$1(@ \& "&$

/,&* '/$ <"+* E)"('*+,#,'-.F <,( (6))"($* '" <"+D ,( , .+-'-.,1 ,&*

)"1$#-.,1 '$+# </-./ (/"61* *-('-&>6-(/ , &6#9$+ "= '/$,'+$ )+,.'-.$(

</-./ 8 ('6*-$* Y+"6>/17 (-&.$ '/$ :;hJ( ,&* (6++"6&*$* ,( <$11 ,( )$+3

#$,'$* 97 '/$ ,*A$&' "= , .61'6+$ "= )+$*"#-&,&'17 #$*-,'$* )$+="+#3

,&.$[ =+"# '/"($ )+,.'-.$( </-./ <$+$ ,&* "='$& ,+$ ('-11 '"*,7 >6-*$* 97

'/$ -*$, "= , '/$,'+$ .$&'+$* ,+"6&* *+,#,'-. ('+6.'6+$ -& '/$ ($&($ "= '/$

'+,*-'-"& "= '/$ :I'/ ,&* :;'/ .$&'6+7@ !-&.$0 <-'/-& , +-./ ,&* -&=16$&'-,1Y,&* "='$& ('-11 A$+7 .+$,'-A$[ 1,&*(.,)$ "= -&('-'6'-"&,1-G$* '/$,'+$( -&

X6+")$ '/$ *+,#,'-. '$&*( '" 9$ ',D$& ,( )., &,'6+,1 #"*$1 "= </,' '/$3

,'+$ (/"61* 9$0 -' +$#,-&( &$.$((,+70 $A$& :J 7$,+( 1,'$+0 '" )"-&' "6' '/,'

&6#$+"6( )+,.'-.$( </-./ *$A-,'$ #"+$ "+ 1$(( +,*-.,117 =+"# '/-( #"*$1

.,& #,D$ '/$ 1$>-'-#,'$ .1,-# '" +$)+$($&' '/$ 1-A-&>0 ,6'/$&'-. ,&* (->3

&-=-.,&' '/$,'+$ "= '"*,7@ @8()$#"'")%A -.,")#, -( &"' (-#)17 ,9"6' '/$

$,"). "= '/$ *+,#, Y"+ '/$ '$C' "+ '/$ ,6'/"+x[ 96' ,9"6' , (/-='$* A-$<

)"-&' "& ."&'$#)"+,+7 '/$,'+-.,1 +$,1-'-$(@

\& '/$ "'/$+ /,&* '/$ 9""D .1$,+17 -&*-.,'$( Y-#)1-$( #"+$ '/,& ,+>6$([

'/$ '/$(-( '/,' '/$ E*+,#,'-. #"*$F "= '/$,'+$ 3 -& '/$ )+$.-($ ($&($ "= '/$

&"'-"& "= E*+,#,'-.F </-./ <$ .,& >-A$ '" '/-( '$+#0 96-1*-&> "& 2$>$10

!G"&*-0 S+$./'0 ,&* "'/$+( 3 -( A$+7 6&1-D$17 '" 9$ +$,&-#,'$* -& '/$ =6'6+$@

4/$+$ ,+$ &6#$+"6( ,+>6#$&'( '" 9$ #,*$ -& =,A"6+ "= '/-( '/$(-( B"&$ "=

'/$# 9$-&> '/,' -& =,.' '/$ -*$, "= '/$ *+,#,'-. *"$( -& =,.' &"' )"-&' '"

,& $'$+&,1 ,&'/+")"1">-.,1 >-A$&B </-./ -( )+"9,917 '/$ .,($ <-'/ '/$,'+$

B 96' +$=$+( "&17 '" , A$+7 ()$.-=-.0 /-('"+-.,117 1-#-'$*0 ),+'-.61,+17 , X6+"3)$,& ."&.$)' "= '/$,'+$ </-./ -( )"((-9170 ,&* 8 (,7 )+"9,917 ,' '/$ $*>$

"= 1""(-&> -'( >+"6&*@ \& '/-( 1$A$1 '/$ '$+# E)"('*+,#,'-.F $./"( '/$

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ cic



&"'-"& "= '/$ E)+$3*+,#,'-.F </-./ 8 6($* ="+ ,&.-$&' U+$$D '+,>$*7 ,&*

-#)1-$( '/,' '/$ /-('"+-.,1 )+$."&*-'-"&( "= '/$ *+,#,'-. #"*$ ,+$ ),((-&>

,<,7 -& , #"+$ =6&*,#$&',1 <,7@ 8& '/-( ($&($ '/$ <"+* E)"('*+,#,'-.F-&*-.,'$( &"' '/$ (6# "= '/$ '/$,'+-.,1 ,$('/$'-.( -& '/$ :;hJ( '/+"6>/ '/$

:;;J( 96' ,11 '/$,'+$ </-./ -( &" 1"&>$+ *"#-&,'$* 97 '/$ *+,#,'-. #"*$10

$,+1-$+ ="+#( ,( <$11 ,( '/$,'+$ ="+#( '" ."#$@ 8= '/$ ."&.$)' -& '/-( ($&($

#,7 9$ ="6&* 6($=61 '" ,&,17G$ #"+$ >$&$+,1 .61'6+,1 ),''$+&( "+ /,9-'(

9$7"&* '/$,'+$ -( , ?6$('-"& </-./ #$,&</-1$ /,( (6+=,.$* 96' </-./ 8

<"61* 1-D$ '" 1$,A$ '" (".-"1">70 )(7./"1">70 ,&* .61'6+,1 ('6*-$(@

i[ \& '/$ "'/$+ /,&* '/$+$ -( *-()6'$ ,9"6' '/$ 6($ "= '/$ '$+# '/$,'+$0 ,

*-()6'$ </-./ 9+-&>( -&'" )1,7 '/$ +$1,'-"& 9$'<$$& )"('*+,#,'-. '/$,'+$

,&* )$+="+#,&.$ ,&* ("#$'-#$(0 "& ,& -&('-'6'-"&,1 1$A$10 9$'<$$& '/$,'+$

('6*-$( ,&* )$+="+#,&.$ ('6*-$(@ 8 +$#,-& 6&."&A-&.$* '/,' -' #,D$(

#6./ ($&($ '" >-A$ 6) '/$ '$+# E'/$,'+$F ,&* (69(6#$ ,11 '/$,'+-.,1 )+,.3

'-.$ 6&*$+ '/$ '$+# E)$+="+#,&.$F@ P/,'$A$+ <$ ',D$ ,( '/$ *$=-&-&> .+-3

'$+-"& "= )$+="+#,&.$ -' -( "9A-"6( '/,' '/$,'+$ 1-D$ "'/$+ ,*A,&.$* ,+'-(3

'-. )+,.'-.$( ,*")'$* $1$#$&'( "= )$+="+#,&.$ Y*$."&('+6.'-&> #$,&-&>0

($1=3+$=$+$&'-,1-'70 $C)"(-&> '/$ -&&$+ #$./,&-(# "= -'( "<& =6&.'-"&-&>0

(/-='-&> E=+"# ,.'-&> '" )$+="+#-&>F0 ?6$('-"&-&> '/$ 9,(-. ('+6.'6+$ "= (69Q$.'-A-'70 ,A"-*-&> "+ ,' 1$,(' .+-'-.-(-&> ,&* $C)"(-&> +$)+$($&','-"&

,&* -'$+,9-1-'7 x[0 </-1$ -&A$+($17 )$+="+#,&.$ 9$.,#$ ).,")#%A"+%;,$ -&

#,&7 <,7( B(" '/,' <-'/ #"(' -#)"+',&' ."&'$#)"+,+7 ,+'-('-. #,&-=$(',3

'-"&( -' -( 6&)+"*6.'-A$ '" ?6,++$1 ,9"6' '/$-+ *$=-&-'-"& ,( )$+="+#,&.$ "+

'/$,'+$@ N&* '/$+$ ,+$ ("#$ *-#$&(-"&( "= )"('*+,#,'-. '/$,'+$ </-./

(-#)17 ,+$ &"' )$+="+#,&.$ ,+'W A-(6,1 *+,#,'6+>70 /79+-*( "= '/$,'+$ ,&*

-&(',11,'-"& ,&* "'/$+(@ 4/6(0 <-'/"6' ',D-&> 6) /$+$ '/$ *$9,'$ ,9"6' )$+3

="+#,&.$0 </$+$ O"($ 5$$ U"1*9$+>0 X1-&"+ L6./(0 Z$>>7 Z/$1,&0 Z/-1-)

N6(1,&*$+0 K"($''$ Ld+,1 ,&* "'/$+( -&'$+A$&$*0 8 Q6(' (','$ -& , (6##,+7

<,7W '/$+$ -( -& #7 A-$< &" &$$* '" *+,< , (/,+) *-A-*-&> 1-&$ 9$'<$$& '/$3

,'+$ ,&* )$+="+#,&.$@ 4/$"+7 "= )$+="+#,&.$ ,&* '/$"+7 "= '/$,'+$ ")$+3

,'$ "& ."##"& >+"6&*(@ f$)$&*-&> "& 7"6+ )"-&' "= A-$< 7"6 >,-& ,9"6'

'/-( ."##"& >+"6&* *-==$+$&' -&(->/'(@

4/$+$ -( ,1(" , '$+#-&"1">-.,1 ,()$.' -& '/$ 9,.D>+"6&* "= '/$($ *-()6'$(W

'/$ &$->/9"6+/""* "= '/$ &"'-"& E)$+="+#,&.$F <-'/ '/$ <-*$+ ."&.$)' "=

E)$+="+#,'-A-'7F -& >$&$+,1@ 8 ."&=$(( , .$+',-& (.$)'-.-(# <-'/ +$>,+* '"'/$ ."&.$)' "= '/$ E)$+="+#,'-A$F@ 4/-( -( </7 8 +$=$++$* ,1+$,*7 -& @8()5

$#"'")%A -.,")#, '" 2,#,./$+F( &"'-"& "= '/$ E,=="+#,'-A$F@ 4/$ '$+#

cii 2,&(34/-$( 5$/#,&&



E)$+="+#,'-A$F .,&&"' 9$ ."#)1$'$17 ($),+,'$* =+"# '/$ -*$, "= , (6.3

.$((=61 =6&.'-"&-&>0 "= , *"-&>0 ,& ,./-$A-&> "= , >",1 B'/$+$ -( ,& ,.'-A-('

9-,( ."&&$.'$* '" '/$ &"'-"&@ N&* '/-( =+"# '/$ A$+7 (',+'W s2"< '" *"'/-&>( <-'/ <"+*(@t 4/-( *"$( "= ."6+($ &"' D$$) '/$ &"'-"& =+"# 9$-&>

6($=61 ="+ *$(.+-9-&> #,&7 =$,'6+$( "= ,+' )+,.'-.$ 96' -' ,1(" '$&*( '" /-*$

,<,7 "&$ ,()$.' "= ,+' -& >$&$+,1 ,&* '/$,'+$e)$+="+#,&.$ -& ),+'-.61,+

</-./ -& #7 A-$< -( "= ,& $C'+$#$ -#)"+',&.$W , .$+',-& ),((-A-'70 "+0 '"

(,7 '/$ 1$,('0 '/$ ,+'-.61,'-"& "= , *$$) *"69' ,9"6' *"-&>0 ,./-$A-&>0 +$,13

-G-&>0 )$+="+#-&> <$11@ Z$+="+#,&.$ /,( 9$."#$0 ,( /,( 9$$& ."&A-&.-&>17

*$#"&('+,'$*0 '/$ &$< ),+,*-># "= *-(.-)1-&,+7 (".-$'7 B sZ$+="+# "+

$1($xt YK"& H.b$&G-$[@ N&* "&$ "= '/$ #"(' )+"*6.'-A$ ,()$.'( "= '/$ ."&3

.$)' <,( K6*-'/ S6'1$+F( ,&,17(-( "= '/$ )$+="+#,'-A$ )+"*6.'-"& "= Y>$&3

*$+$*[ -*$&'-'7@ XA$& -= )$+="+#,&.$ #,7 9$ , +$=1$.'-"& "= , (".-$'7 </$+$

)$+="+#,&.$ 9$.,#$ , *-.','$ 8 *" &"' ($$ , &$.$((-'7 '" 1$' >" "= '/$ ),+3

,*-># E'/$,'+$F </-./ *"$( &"' -#)17 '/$ ,((".-,'-"& <-'/ '/-( ,.'-A-('

9-,( Y,&* ,11"<( $A$& 9$''$+ '" ,.."6&' ="+ .+-'-.,1 )+,.'-.$( "= -+"&-. (693

A$+(-"& "= '/$ $(',91-(/$* ),''$+&( "= )$+="+#,'-A-'7 ,( $&A-(,>$* 97

K6*-'/ S6'1$+[@

^[ \&$ 1,(' -((6$W , 9,(-. +$,1-'7 "= )"('*+,#,'-. '/$,'+$ -( "9A-"6(17 '/$(/-=' "= ,''$&'-"& ,&* $#)/,(-( ,<,7 =+"# +$)+$($&','-"&0 "+ Ef,+('$13

16&>F "= , <"+D "+ , )+".$(( '" '/$ .+$,'-"&e)+$($&','-"& ,( ),+' "= , E!-'3

6,'-"&F </$+$ '/$ +$1,'-"& 9$'<$$& ,11 ),+'-.-),&'( "= '/$ $A$&' 9$."#$( ,

#,Q"+ "9Q$.' "= '/$ ,+'-('-. ."&.$)'@ 4/$ &"'-"& "= '/$ E*+,#,'6+>7 "= '/$

()$.','"+F )"-&'( '" '/-( *$A$1")#$&'@ 4/$,'+$ ="11"<( , #"A$#$&' </-./

-& '/$ A-(6,1 ,+'( /,( 9$$& $(',91-(/$* ="+ *$.,*$(@ H-./,$1 L+-$*F( &"'"+-3

"6( )"1$#-.( ,>,-&(' E'/$,'+-.,1-'7F -& ("#$ #"*$+& ,+' ,-#$* ,' $C,.'17

'/-( )"-&'W '/$ *$)$&*$&.$ "= '/$ <"+D 6)"& '/$ ()$.','"+@ 4/-( "9($+A,3

'-"&0 *$)+-A$* "= -'( )"1$#-.,1 -&'$&'-"&0 -( 6($=61 ="+ '/$ *$(.+-)'-"& "=

)"('*+,#,'-. )+,.'-.$0 </-./ "='$& '$&*( '" =".6( 6)"& '/$ +$1,'-"& "= '/$

$A$&' '" '/$ ()$.','"+( Y,&* '/$ +$1,'-"& "= '/$ ()$.','"+( ,#"&> $,./

"'/$+[ ,( '/$ 9,(-. #,'$+-,1 "= '/$ ,+'-('-. $1,9"+,'-"&@ V-."1,( S"6++-,6*

<+-'$(0 '/,' -& (6./ ,+' </-./ /$ *$(.+-9$* ,( +$1,'-"&,1 s(".-,1 +$1,'-"&(

.,& ."&('-'6'$ '/$ 1-A-&> #,'$+-,1 ="+ ("#$ "= '/$ )+,.'-.$( -& ?6$('-"&t@

Y@#,A"#%89( 682()#9A)%82(> K2(4,# )8 L"AM9,( B"2A%N#, 82 K#) "2$ @8+%)%A( [

8' -( -&'$+$('-&> '" =-&* '/,' S"6++-,6* *$(.+-9$( , >$&$+,1 (/-=' -& '/$ -*$,

"= ,+' 6&*$+ '/$ /$,*-&> "= E+$1,'-"&,1 ,$('/$'-.(F </-./ -( A$+7 (-#-1,+ '")"('*+,#,'-. '/$,'+$W #,&7 ."&'$#)"+,+7 ,+'-('( '/-&D "= '/$-+ )+,.'-.$

&"' (" #6./ ,( >-A-&> ="+# '" ,& "9Q$.' 96' ."&('+6.'-&> , ="+# ="+ )"(3

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ ci^



(-91$ /6#,& +$1,'-"&(@ XA$& -= -' #->/' 9$ .+-'-.-G$* Y</,' 8 <"61* -&*$$*

*"[ '/,' S"6++-,6* $#)/,(-G$( '"" "&$3(-*$*17 '/$ /,+#"&-"6( ,()$.'(0

'/$ E."&A-A-,1-'d -& '/$($ ,+' )+,.'-.$( </-./ ,-# ,' )+")"(-&> "'/$+ )"(3(-9-1-'-$( '" -&/,9-' , ."##"& <"+1*0 /-( -*$,( ,+$ -#)"+',&' ,&* 6($=61 ="+

=6+'/$+ '/$"+$'-.,1 ,&* )+,.'-.,1 $1,9"+,'-"& "= )"('*+,#,'-. '/$,'+$ ,( ,

'/$,'+$ "= (-'6,'-"&@ 4,D-&> -&'" ."&(-*$+,'-"& '/$ $1$#$&' "= ."&=1-.'0 *-(3

',&.-&>0 ,&* )"1$#-.( -& (6./ ."&('+6.'$* (),.$( "= +$1,'-"& </-./ -&

S"6++-,6* ,+$ ("#$</,' 6&*$++$)+$($&'$*0 +$1,'-"&,1 ,$('/$'-.( ."&3

'+-96'$( '" , 9$''$+ 6&*$+(',&*-&> "= ."#),+,91$ )/$&"#$&, ./,+,.'$+-(3

'-. "= )"('*+,#,'-. '/$,'+$@ 8' *"$( &"'0 ,( =,+ ,( 8 .,& ($$0 &$.$((,+-17

*$)+-A$ ,+' "= -'( E,+'-('-.F ,$('/$'-. *-#$&(-"&0 ,( K,.?6$( O,&.-u+$

,+>6$*@ 8& , ."#),+,91$ <,7 )"('*+,#,'-. '/$,'+$ *"$( &"' 1""($ -'( ,$(3

'/$'-. *-#$&(-"& ,( ,+'0 -= -' >-A$( 6) '/$ &"'-"& "= -'( ,6'"&"#7 ,&* &$>"3

'-,'$( /79+-* ,1->&#$&'( <-'/ (".-,10 )"1-'-.,10 ,&* "'/$+ )+,.'-.$(@

4/$+$ ,+$ -& '/-( ($&($ &6#$+"6( -((6$( "= )"((-91$ ,&* &$.$((,+7 *$9,'$@

2"< .,& <$ +$1,'$ '/$ )+"#-($ "= .1,((-. '/$"+7 '" 9+-*>$ '/$ >,) 9$'<$$&

'/$ 9$,6'-=61 ,&* '/$ >""*0 ,$('/$'-.( ,&* $'/-.( -& '/$ &"'-"& "= '/$ (693

1-#$ '" , )"('*+,#,'-. )+,.'-.$ </-./ -( 9$7"&* '/-( /")$v 2"< *" <$ '/$3

"+-G$ #"+$ )+$.-($17 '/$ E*+,#,'-.F </-./ )"('3*+,#,'-. -( )"(' '"v P/,' 9$."#$( "= '/$ .,$(6+,0 '/$ -&'$++6)'-"&0 ,( '/$"+-G$* 97 2k1*$+1-&0 P,1'$+

S$&Q,#-&0 5,."6$35,9,+'/$ -& , )"('*+,#,'-. '/$,'+$ )+,.'-.$v 8( -' )"((-3

91$ '" Y+$[."&('+6.' , '/$,'+-.,1 E."##6&-'7F -& )"('*+,#,'-. '/$,'+$ B

$A$& -= -& '/$ )+$.-($ ($&($ "= V,&.7 ,( '/$ ."##6&-'7 "= '/$ 6&."##63

&,1v 2"< .,& <$ +$3$A,16,'$ ,&* +$."&(-*$+ H-./,$1 L+-$*F )+"91$# "=

E'/$,'+-.,1-'7F -& '/$ '/$,'+-.,1 ."&'$C'v

\= ,11 '/$($ ?6$('-"&( 1$' #$ $C)"($ "&17 "&$W 4/$ )+"91$# "= '/$ *$=-&-3

'-"& "= #6./ )"('*+,#,'-. )+,.'-.$ ,( ,+' "+ ,$('/$'-. )+,.'-.$@ 4/$ ."&3

.$)' "= ,+' -'($1= ,( #6./ ,( '/$ -*$, "= , /-('"+7 "= ,+' -( A$+7 #6./ ),+'

"= ,11 #"+$ ,#9-'-"6( *-(.6((-"& "= ."&'$#)"+,+7 ,+' )+,.'-.$@ 8& 2$>$1 <$

/,A$ ,1+$,*7 '/$ -*$, "= '/$ E$&* "= ,+'F 9$.,6($ '/$ #-#$'-. +$&*$+-&> "=

'/$ <"+1* -& ($&(6,1 #,'$+-,1( 9$."#$( (6)$+=16"6( -& '/$ )+".$(( "= '/$

()-+-' </-./ =-&*( -'( "&17 '+6$ $C-('$&.$ -& '/$ EU$(',1'F Y"+ 9$''$+W V"&3

U$(',1'[ "= )6+$ ."&.$)'6,1-'7@ Y2$>$1 '/6( -& , <,7 ,+'-.61,'$* -+"&-. )"('3

#"*$+&-'7 ,A,&' 1, 1$''+$@[ P$ /,A$ N+'/6+ f,&'" </" +$A-A$* '/-( ."&.$)'

97 )"('61,'-&> '/$ $&* "= ,+' <-'/ '/$ ,+>6#$&' '/,' (-&.$ '/$ :;nJ( $A$+73'/-&> .,& 9$."#$ ,+' &"<0 +$=$++-&> '" N&*7 P,+/"1@ 4/$+$="+$0 ,11 /-('"+7

"= ,+' -(0 ,.."+*-&> '" f,&'"F( B?6$('-"&,91$B '/$"+70 =-&-(/$* "&.$ ,&* ="+

cin 2,&(34/-$( 5$/#,&&



,11@ 2"<$A$+0 -' /,( 9$$& (6..$((=6117 ,+>6$* '/,' /-( ."&(-*$+,'-"&( ,+$

($+-"6(17 /,#)$+$* 9$.,6($ '/$7 )+$(6))"($ '"" &,++"< ,&* 6&.+-'-.,1 ,

&"'-"& "= /-('"+7] ,1("0 -& '/$ $&* ,& ,((,2)%"+%() A-$< "= ,+' ,&* ,1(" ,+$*6.'-A$ A-$< "= #"*$+& ,+'@ 5$' #$ (','$ '/,' #"*$+&-'7 -& ,+' .,& &$-3

'/$+ 9$ *$=-&$* "&$3(-*$*17 ,( ="+#,1-('0 '/,' -(W ,( , +$($,+./ -&'" '/$ $,./

'-#$ ()$.-=-. #$*-,1-'7 "= ,& ,+' )+,.'-.$ Y,( R1$#$&' U+$$&9$+> /$1*[0 &"+

,( Q6(' ,& ,+'-('-. ?6$('-"&-&> "= '/$ $(($&.$ "= ,+'0 ,( f,&'" (,-*@ N+' '/$3

"+7 +$#,-&( <-'/-& '/$ (,#$ =-$1* "= ."&'+,*-.'-"&( ,( -& $,+1-$+ '-#$(W '/,'

'/$+$ ,+$ &$< <,7( "= ,+'#,D-&> </-./ -#)17 "+ ($$# '" -#)17 '/,' '/$+$

,+$ &" #"+$ +61$( ,&* .+-'$+-, '" *-('-&>6-(/ ,+' =+"# &"'3,+'@ S6' -& +$,1-3

'7 '/$($ &$< <,7( ="+.$ 6( (-#)17 '" +$."&(-*$+ "6+ ,((6#)'-"&( ,9"6'

</,' ,+' ,&* -'( /-('"+7 +$,117 ,+$@

V" *"69'W (-&.$ f6./,#) '/$ "9Q$.' "= ,+' .,& &" 1"&>$+ 9$ $C.16(-A$17 "+

$A$& )+-#,+-17 -*$&'-=-$* 97 -'( -&'+-&(-. ?6,1-'-$( ,( ,& "9Q$.' 96' )+-#,+-3

17 97 ,&,17G-&> -'( ."&'$C'@ 4/-( (/-=' =+"# ,&7 -##,&$&' 1">-. ,&* *$=-&-3

'-"& "= ,+' '" , )+,.'-.$ *$=-&$* 97 ."&'$C' /,( , ('+"&> -#),.' ,1(" ="+ '/$

*-(.6((-"& "= )"('*+,#,'-. '/$,'+$@ 8&*$$* <$ +$.">&-G$ , <"+D &"+#,117

97 1-''1$ #"+$ '/,& '/$ =,.' '/,' -' -( )1,.$* -& , #6($6# "+ ("#$ "'/$+

."&'$C' ,&&"6&.$* ,( ,+'-('-. ."&'$C'@ 4/$ ,$('/$'-. >$('6+$ .,&&"' 9$*$=-&$* 97 '/$ ."&'$&' "= , <"+D "+ 97 -'( ="+# 96' "&17 97 ."&('+6.'-&>

"+ *$'$.'-&> -'( ."&'$C'6,1-'7@ R$+',-&170 '/-( -( '+6$ -& )+-&.-)1$ ="+ $,+1-$+

,+' ,( <$11@ 2"< *" 7"6 *$'$+#-&$ '/$ ,+'-('-. A,16$ "= , ($$#-&>17 A$+7

(-#)1$ $A$+7*,731-D$ )/+,($ -& , '$C' "= b,=D,v S7 &"'/-&> "'/$+ '/,& 97

."&'$C'6,1 +$=1$.'-"&(@ 2"<$A$+0 '/$ *$)$&*$&.$ "= '/$ ,+' <"+D 6)"& '/$

9$/"1*$+ /,( <"& , &$< *-#$&(-"& ,&* ?6,1-'7 </-./ ./,&>$( '/$ *-(3

."6+($ ,9"6' ,+' )+"="6&*17@ 8' <,( '/-( *$A$1")#$&' -& ,$('/$'-. '/$"+7

,&* )+,.'-.$ </-./ -&()-+$* '/$ &"'"+-"6( *$9,'$ ,9"6' '/$,'+-.,1-'7 -& K#)

"2$ OCP,A).88$ Y:;nh[@ Z,+,*"C-.,117 /"<$A$+0 -' -( 97 &"< >$&$+,117

,..$)'$* '/,' E'/$,'+-.,1-'7F -& '/-( ($&($ -( "= $C'+$#$ +$1$A,&.$ ="+ '/$

*-(.6((-"& "= ,11 )"('*+,#,'-. '/$,'+$0 ,&* )$+="+#,&.$ ,( <$11 ,( -&(',13

1,'-"& <"+D0 ,&* #6(' 97 &" #$,&( -#)17 '/$ *$A,(','-&> -#)1-.,'-"&(

</-./ H-./,$1 L+-$* )"1$#-.,117 -#)6'$* '" -'@

!" -& =,.' ,&7'/-&> >"$(v S$.,6($0 *"$( $A$+7'/-&> *$)$&* "& '/$ 9$/"1*3

$+v V"' ?6-'$@ 8' ($$#( "9A-"6( '/,' '/$ ("#$/"< '+-6#)/,&' .1,-# "=

."#)1$'$ =+$$*"# +$,./$* 97 ,+'-('-. )+,.'-.$ -( (/"+'3(->/'$* ,&* "&$3(-*$*@ 8' ('-11 /"1*( '+6$ </,' N*"+&" (,-* -& '/$ A$+7 9$>-&&-&> "= EN$(3

'/$'-. 4/$"+7FW

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ cih



4/$ ")$& ($, "= &$A$+ ,&'-.-),'$* )"((-9-1-'-$( </-./ '/$ +$A"16'-"&3

,+7 ,+' #"A$#$&'( "= :;:J *,+$* '" )6' "6' '"0 *-* &"' +$<,+* '/$#

<-'/ '/$ )+"#-($* ,*A$&'6+"6( /,))-&$((@ 8&('$,* '/$ )+".$(( </-./ 9$>,& '/$& ,&* '/$+$ *-* ."++"*$ '/$ A$+7 .,'$>"+-$( -& </"($ &,#$

'/$ )+".$(( /,* 9$>6&@ H"+$ ,&* #"+$ <,( *+,<& -&'" '/$ ,97(( "=

</,' -( ',9""] '/$ ,+'-('( *-* &"' (" #6./ $&Q"7 '/$+$ &$<17 <"& =+$$3

*"# 96' (""& ($,+./$* ="+ ("#$ )+$'$&*$* &$< "+*$+0 ($1*"#

*6+,91$@ L"+ '/$ ,9("16'$ =+$$*"# "= ,+'0 </-./ +$#,-&( "&17 , ),+3

'-.61,+ ()/$+$0 $&'$+( -&'" /,+(/ ."&'+,*-.'-"& <-'/ '/$ $&*6+-&> ."&3

*-'-"& "= 6&=+$$*"# -& >$&$+,1@ YN*"+&"0 :;hJW ;[

b$$)-&> '/-( ."&'+,*-.'-"& -& #-&* <$ .,&&"' 9$ ."&'$&' <-'/ '/$ .$+',-&3

17 '+6$ (','$#$&' '/,' '/$ )"('*+,#,'-. ('71$ "+ ('71$( ")$&$* , /6>$ +,&>$

="+ &$< )"((-9-1-'-$( ,&* ,11"< )+,.'-.,117 $A$+7 ,.'-"& '" 9$ 1,9$11$* '/$3

,'+$ ,+'@ P$ #6(' -&('$,* ,(D #"+$ )+$.-($17 -& </,' <,7( <$ .,& *$'$.'

,&* $A,16,'$ '/$ )+"*6.'-A$ ="+#( <-'/-& ."&'$#)"+,+7 )"('*+,#,'-. '/$3

,'+$ )+,.'-.$( </-./ $1,9"+,'$ '/-( ."&'+,*-.'-"&@ 8 /,A$ ,+>6$* $1($</$+$

'/,' "&$ <,7 '" *$(.+-9$ '/-( )+".$(( -( , .$+',-& +$3$&'+7 "= '/$ $'/-.,1

*-#$&(-"& <-'/-& '/$ ,$('/$'-. *-#$&(-"& B ,& ,+>6#$&' </-./ +$1,'$( '"

'/$ =,.' '/,' '/$ ,$('/$'-. *-#$&(-"& -'($1= -( ."&('-'6'$* '" , .$+',-&*$>+$$ 97 $C,.'17 ($),+,'-&> -'($1= =+"# '/$ ($+-"6(&$(( "= -##$*-,'$ $'/3

-.,1 ."&.$+&(@ 2$+$ 8 <,&' '" -&(-(' "& ,&"'/$+ *-#$&(-"& "= '/-( )+"91$#

</-./ -( '/$ =,.' '/,' '/$,'+$ -( -& , ()$.-=-.,117 *-==$+$&' )"(-'-"& =+"#

"9Q$.'6,1 ,+' -& '/,' -' -( ,1<,7( ,1+$,*7 ,' '/$ (,#$ '-#$ ,& ,$('/$'-. ."&3

('+6.'-"& YE#-($ $& (.u&$F[ "2$ , ."&.+$'$ ,&* $A$+7 '-#$ 6&-?6$ (".-,10

+$,10 -= 7"6 1-D$W 9,&,1 ,&* &"&3,+'-('-. (-'6,'-"&@ 4/$ ,6*-$&.$ .,&&"' 9$

."&(-*$+$* -& '/$ (,#$ <,7 ,( (-#)17 , ."&'$C' ="+ '/$ '/$,'+$ ,( '/$ (),.$

"= , >,11$+7@ 8' -( ."&('-'6'-A$ ),+' "= '/$ "9Q$.' Q6(' ,(0 (,70 '/$ ,9('+,.'

(),.$ -( ."&('-'6'-A$ ="+ , K-# f-&$ "9Q$.' ,( #6./ ,( "= '/$ T$&6( "= H-1"@

8& "'/$+ <"+*( '/-( ."&'$C' -( -&/$+$&' -& '/$ '$./&-.,1 )+,.'-.$ "= '/$,'+$@

8' -( ,6'"#,'-.,117 ,1<,7( ,1+$,*7 ("#$'/-&> *-==$+$&' =+"# ,+'@ 4/-( -&'$+3

&,1 *-==$+$&.$ ,&* (" '" ()$,D -#)6+-'7 -( ,' '/$ A$+7 /$,+' "= -'( )+,.'-.$@

N&* /$+$ -( '/$ )"-&' 8 <"61* 1-D$ '" #,D$W ,( )"('*+,#,'-. '/$,'+$ '$&*(

'" /->/1->/' '/$ (-'6,'-"& "= +$,1 ."##6&-.,'-"& -' $C)"($(0 ,&* +$=1$.'( ,&

,+'-('-. ."&*-'-"& "= '/$,'+$ </-./ <,( -#)1-.-' -& '/$ .1,((-. '/$"+7 "= '/$3

,'+$ ,&* "='$& $C)1-.-' -& '/$ )+,.'-.$ "= '/$,'+$@ N&* '/$ ,.' "= '/-( $C)"(3-&> "= '/$ -#)1-.-' (-'6,'-"& "= ."##6&-.,'-&> '/$,'+-.,117 -( ),+' "= -'( ,.'

"= +$=1$.'-"& ,&* ?6$('-"&-&> -'( ."&*-'-"& ,( Y)6+$17[ ,+'-('-. )+,.'-.$@ 5$'

ciI 2,&(34/-$( 5$/#,&&



6( ',D$ "&$ #"+$ ('$)W "='$& $C,.'17 '/-( +$,1-'7 "= '/$ '/$,'+$ (-'6,'-"&

9$."#$( '/$ "9Q$.' "= '/$ ,+'-('-. '/$,'+-.,1 )+,.'-.$@ V" )"((-9-1-'7 '" *-=3

=$+$&'-,'$ /$+$ 9$'<$$& '$C' ,&* ."&'$C'@ 4/$ ,+' "= '/$,'+$ $C)1"+$( -&'/$($ .,($( -'( E$*>$F0 '/$ '<-1->/' G"&$0 </$+$ -' -( ('-11 ,+' <"+D0 ,&* )"(3

(-917 #"'-A,'$* "&17 97 ,+'-('-. ."&(-*$+,'-"&(0 ,&* ,' '/$ (,#$ '-#$ $&'$+3

-&> ,&"'/$+ ()/$+$0 '/,' "= '/$ $A$+7*,70 '/$ (".-,10 '/$ )"1-'-.,1 ,( , (),.$

"= B &"&3,+'-('-.3 ."##6&-.,'-"&@ P$ #6(' *$A$1") , '/$"+7 "= '/$,'+-.,1

)+,.'-.$ </-./ ',D$( -&'" ."&(-*$+,'-"& '/$ ."&('+6.'-"& "= E+$1,'-"&,1F

,()$.'( -& '/$,'+$ ,&* )$+="+#,&.$@ Z"('*+,#,'-. '/$,'+$ -( -& "&$ )$+3

()$.'-A$ ("#$'/-&> 1-D$ +$1,'-"&,1 '/$,'+$0 -&A$&'-&> +$1,'-"&,1 *+,#,'6+3

>-$(@ 8'( ,+'-('-. >$('6+$ -( &"' (" #6./ ."&.$&'+,'$* "& (/,)-&> ,& ,$(3

'/$'-. "9Q$.' "= , E#-($ $& (.u&$F 96' "& $C)"(-&>0 ."&('+6.'-&>0 #,&,>3

-&>0 *$A$1")-&>0 -&A$&'-&> '7)$( "= +$1,'-"&( ,&* ."##6&-.,'-"&( #,*$

)"((-91$ 97 '/$ '/$,'+-.,1 (-'6,'-"&@ 4/$ >",1 #,7 9$ (-#)17 '/$ ."##"&

Q"70 96' ,1(" )$+/,)( '/$ -&*-A-*6,1-G,'-"& ,&* -("1,'-"& "= $,./ ()$.','"+

=+"# '/$ "'/$+(] , ."##"& =$('-A$ $C)$+-$&.$ "+ )$+/,)( ,& $?6,117 ."#3

#"& $C)$+-$&.$ "= 6&.$+',-&'7 ,&* 1"((@ O$1,'-"&,1 '/$,'+$ .,& /,A$ #,&7

=,.$(@ S6' -' $&'$+( -&'" '/$ *-(.6((-"& "= '/$ )"('#"*$+& ."&*-'-"& "= '/$

,+'( ,&* *$A-,'$( =+"# )+$3#"*$+& ."&.$)'( "= , '/$,'+$ "= *+,#,0 "= , =-.3

'-A$ ."(#"(0 "= , ($),+,'$* =-.'-"&,1 ()/$+$@ 8' -( '/$,'+$ #"+$ ,9"6' <,7("= +$1,'-&> '/,& <,7( "= <"+1*#,D-&>@

S-91-">+,)/7W !$$ ),>$@@@

!"#$ &"'$( "& )"('*+,#,'-. '/$,'+$0 , *$.,*$ 1,'$+ ci;





!"#$%& () $"&*#+ &$*+,-&./+ 0&#"&)&

1/ 23(4%)&#%+ 5)*(#)&$%+)&/ 6( 7"(8&, 9#&4&*"#:%&,; %)$/"<= /& >#(,()*&?$%=) 6( $"&*#+ *#&.&@+, (,$A)%$+, .%() 6%B(#()*(,C D)& >#+:#&4&$%=) 6(

&/*+ )%8(/ E"( #($+:F& 8&#%+, 6( /+, $&4%)+, 4G, %)*(#(,&)*(, 6( /& 6#&4&?

*"#:%& $+)*(4>+#G)(& < E"( 6%+ ,()*%6+ & *+6& /& >&#*( *(=#%$& 6(/

3(4%)&#%+C H& )($(,%6&6 6( %)*(:#&# 6%,$"#,+, $+4+ (/ 6(/ &)*#+>=/+:+

!&)"(/ 9(/:&6+ + (/ 6(/ (,$#%*+# !&#%+ I(//&*%) () ") ,(4%)&#%+ ,+.#( *(&?

*#+ B"(J ,% $&.(J 4G, 4(#%6%&)& *#&, 8(# (,>($*G$"/+, $+4+ (/ 6( I(#)&* +

H%66(//C H& /F)(& 6( $+)$+4%*&)$%& < #(*#+&/%4()*&$%=) ()*#( %)8(,*%:&$%=)J

#(B/(K%=) < >#G$*%$& *(&*#&/J *&) )($(,&#%& < >+$+ *#&),%*&6& () )"(,*#+ >&F,JE"(6= .%() (,.+L&6& () (,*( >#%4(# ,(4%)&#%+C -(#+ >&,(4+, & M&./&#

,+.#( /+, *#&.&@+,C

9( /& 4&)+ 6( N&)6O(

H& +.#& E"( &.#%= (/ ,(4%)&#%+ B"( !"#$ &'()&(*+)&($ J 6(/ $#(&6+# .&#$(?

/+)A, P+:(# I(#)&*C D)& >%(L&?6%,>+,%*%8+ E"( ,%:"( %)6&:&)6+J $+4+ <& /+

M%$%(#& ,'-()( !"./(& J (/ /":&# 6(/ >Q./%$+J < >+# ()6( 6(/ &#*%,*&J () (/

M($M+ (,$A)%$+C 1) /& +.#& 6( I(#)&* (/ >Q./%$+ (, :#&.&6+ &)*(, 6( /&

()*#&6& &/ *(&*#+C 0"&)6+ +$">& ,", &,%()*+, < $+4%()L& /& B")$%=) ,( 8(

& ,F 4%,4+ & /+ /&#:+ 6(/ #&*+ E"( M& >#($(6%6+ &/ &$$(,+ () /& ,&/&C 1,

6($%#J ,( +.,(#8&) 6%8(#,+, >/&)+, $+) $+##+, 6( (,>($*&6+#(, E"(

$+)8(#,&)J (,>&$%+, >+# 6+)6( 6(&4."/&) /+, +$%+,+,J ( %)$/",+ /& ()*#&6&

&/ $"&#*+ 6( .&R+C 1,*&, %4G:()(, (,*G) %)*(#$&/&6&, $+) #(B/(K%+)(, E"(

&*&R() & /& B%:"#& 6(/ (,>($*&6+# < ,", (K>($*&*%8&,C !G, &6(/&)*(J (,*&,

#(B/(K%+)(, ,( %),(#*&) ()*#( %4G:()(, 6(/ >Q./%$+ ")& 8(L () (/ %)*(#%+#6(/ *(&*#+C 1, 6($%#J /&, $G4&#&, M&) $+)*%)"&6+ :#&.&)6+ &/ #(,>(*&./( &

/+ /&#:+ 6( /+, >#%4(#+, 4%)"*+, 6(/ (,>($*G$"/+J 6( 4&)(#& E"( ,(



%)8%(#*( 6( )"(8+ /& >+,%$%=) +.,(#8&6+#S+.,(#8&6+ E"( ,( 6& *#&6%$%+)&/?

4()*( ()*#( >Q./%$+ < (,$()&C T/ B%)&/ 6( /& +.#&J /& >&)*&//& >#+B%(#(

%),"/*+, M&$F& /+, (,>($*&6+#(,J /+ $"&/ (,*&./($( ") $/&#+ >&#&/(/%,4+ $+)(/ #(/&*+ () (/ E"( ,( .&,& (,*& >%(L&J 0)1"/2'1 $/ 34./(&' 6( -(*(# N&)6O(C

U#&.&@+ 6( F)6+/( #(B/(K%8&J 6( $&#G$*(# &$$%+)&/ < ,">"(,*&4()*( &)*%?

*(&*#&/J E"( ,%:"( /& /F)(& 6( %)8(,*%:&$%=) 6( P+:(# I(#)&* () *+#)+ & /+,

26%,>+,%*%8+,;J 6+)6( (/ &#*%,*& B&.#%$& &#*%/":%+,J 4GE"%)&, E"( B")$%+)&)

,%:"%()6+ $%(#*&, 2#(:/&,;J < 6+)6(J &/ ,(# (/ >Q./%$+ >&#*( 6( /&, >%(L&,J

")& 8(L >"(,*&, () 4&#$M& ,=/+ E"(6& 8(#J $+) *+6& )"(,*#& $&>&$%6&6 6(

&,+4.#+ &$*%8&6&J $=4+ B")$%+)&)C 9(*#G,J >#(:")*&, $+4+ VE"A ,%:)%B%$&

2%# &/ *(&*#+;WJ V$"G/ (, (/ >&>(/ 6(/ >Q./%$+W + VE"A #(:/&, $+4>&#*( (/

*(&*#+ $+) /& &#E"%*($*"#& + ")& ,&/%6& B&4%/%&# &/ ,">(#4(#$&6+WJ 8&) #($+?

##%()6+ /& >%(L&C

0&4%)+ 6%,>&# (#& (/ ,(:"%6+ >+# P&%4")6 N+:M( < ," ,"*%/J 4%/%4A*#%$+ <

2(4+$%+)&)*(; 56+ 17$) /$8+J *#&.&@+ .&,&6+ () 9/ /$:' *+ /'1 &(1)+1 6(

-%+*# U$M&%O+8,O<C 1,*( &/(4G)J $+)+$%6+ >+# ," >&,+ >+# (/ X">>(#*&/

UM(&*(# 6( -%)& I&",$MJ &*(##%L= () !"#$%& $+) ")& >%(L& .&,&6& () /&

B"(#L& E"( ,"#:( 6(/ $+)*#&,*(J 6( /& $+)*#&>+,%$%=)C

-+# ") /&6+ /& 4GK%4& $+)*()$%=)J /& 6(,$+),*#"$$%=) 6(/ /():"&@( *A$)%$+

6( /& 6&)L&J /& 6%,*&)$%& &$*+#&/ & *#&8A, 6(/ M%(#&*%,4+J /& #(>(*%$%=)J /&

&$$%=) 6(,>+@&6& 6( *+6& *(&*#&/%6&6 < 4+,*#&6& () *+6+ ," 4($&)%$%,4+J

/& /=:%$& (,>&$%&/ 4G, $&#*(,%&)&J < ") *%(4>+ :A/%6+ () (/ M&$(#C -+# +*#+J

/& (,>%#%*"&/%6&6 ,%(4>#( &*()*& () (/ &$*+# YE"( >&#($%(#& ,(:"%# /+,

$&4%)+, *#&L&6+, >+# (/ ."*+MZJ /& "*%/%L&$%=) ,%4.=/%$& < >+A*%$& 6( /+,

(/(4()*+, 6( B+#4& (,()$%&/ Y&:"&J *%(##&J &%#(ZJ /& 4Q,%$& &/ $+4>/(*+ 6(/

$+4>+,%*+# #",+ $&<()6+ ,+.#( (,( (,>&$%+ 8&$F+J >#(*()6%6&4()*(

4"(#*+[ < /+, .&%/&#%)(,J E"( ,% .%() $+) (/ :(,*+ 4"(#*+J )+ 6(@&.&) 6(

4%#&# 6( 4&)(#& >#+B")6& < 6%#($*& () *+6+ 4+4()*+ &/ (,>($*&6+#C

\ /& 4Q,%$& >#(,()*( () *+6+ 4+4()*+J $+) 8%6& >#+>%&J $+4+ ,% B"(#& (/

4+)+/+:+ %)*(#%+# & /+ ]+<$(J &E"(/ E"( 6(,$#%.( /&, +)6"/&$%+)(, 6(/ &/4&

6( /+, .&%/&#%)(, () (,$()&C T/ B%)&/J N+:M(J (/ Q)%$+ .&%/&#F) E"( )+ 4%#& &

>Q./%$+J E"( //(8& 6+, M+#&, () $+)*#&>+,%$%=) & ,", $+4>&R(#+, 4%#&)6+

,%(4>#( 6( ,+,/&<+J (8%*&)6+J ,"#:( $+) ," $"(#>+ >(E"(R+J &)*%(,*A*%$+J

6(B+#4(C \ &:&##&6+ $+) $+)8()$%4%()*+ & ") *(&*#+ #%*"&/ < ,&:#&6+J //(8&& $&.+ ," #(,"##($$%=)J ," 8"(/+ &/&6+J $&#:&6+ 6( (4+$%=)J 6( #(,>"(,*&

>+/F*%$& &/ 4%,4+ *%(4>+ E"( #(%8%)6%$&$%=) >(#,+)&/ 6( ") $"(#>+ < ")

^_` -&./+ 0&#"&)&



&/4& (4>&#(@&6&,C 1/ *(&*#+ 6(/ 0()*#+ -G##&:&J $+) $"#8&, /+$&/(,J #(&$?

$%+)(, &)*( /+ 4+6(#)+ < 6(,(,*#"$*"#&$%=) ()*#( >Q./%$+ B+#G)(+ <

&,%6"+,J E"(6= & /& %)*(4>(#%(J .&@+ ")& //"8%& 6( ") *(&*#+ +.,*%)&6+ ()4%#&# 6(,6( /+, &.%,4+, 6(/ &/4&C U(&*#+ 6( $+#*( $+)*(4>+#G)(+ < *(&*#+

.(.%6+ () *#&6%$%=) < M($M+ () *#&<($*+#%&J E"( ,+>/= //(8G)6+,( %4>+,?

*"#&, < &$+4+6+, < 6(,$&#:= *+6& ")& *#+4>& 6( &:"& /%4>%&6+#&a &E"(//&

E"( ()B#()*& &/ M+4.#( $+) (/ &4+#J $+) /& 4"(#*( < $+),%:+ 4%,4+C

; J ")& +.#& >&#& )+ 6+#4%#

1/ 4%,4+ 6F& E"( ,( >"6+ 8(# <$ &$1$ *+ /$ ="+#>$ 6( T):A/%$& H%66(//J ")

>Q./%$+ +.(6%()*( < ,&$#%B%$&6+J &,%,*%4+, & /& >#(,()*&$%=) 6(/ Q/*%4+

*#&.&@+ 6( 3(#:% b&",*%)+J *#&.&@+ $#(&6+ >&#& < >#+6"$%6+ >+# (/ b(,*%8&/

6(/ U(&*#( H/%"#( 4&/ //&4&6+ P&6%$&/,C b&",*%)+J 6(,>"A, 6( ")& *#&<($?

*+#%& %)6(>()6%()*( < 6( ") *(&*#+ $+4.&*%8+ Y$+) +.#&, $+4+ ?"2#(2(@' +

9/ &#+-$12+# *+ /'1 &'A')+1 ZJ B"( c8& $+) ,+#)&c &6+>*&6+ $+4+ M%@+ >#(6%?

/($*+ 6( (,*( B(,*%8&/ E"( *+6+, /+, &R+, /( M& %)8%*&6+ < &<"6&6+ & /&

>#+6"$$%=) 6( ," )"(8+ (,>($*G$"/+C d&4+,J E"( >"6%(#& >&#($(#J &")E"(

)&6%( /+ >%(),&J E"( (/ H/%"#( E"%,%(#& $+)*#&*&# &/ 4G, >")O 6(/ .&##%+C-(#+ b&",*%)+ (, /&#:+ < &)$M+C

1) /+, *#(, *#&.&@+, &)*(#%+#(,J b&",*%)+J 6( (,>F#%*" *#&8%(,+J ,%(4>#(

E"%,+ &")&# ,", %)*(#(,(, $+4+ $#(&6+# $+) (/ @"(:+ 6( (,*&# ,%()6+

4%4&6+ >+# /&, %),*%*"$%+)(, >Q./%$&, $&*&/&)&, < /+ E"( (//+ ,%:)%B%$&.&C

1) (//+,J b&",*%)+ #(6"@+ (/ @"(:+ *(&*#&/ & ," 4F)%4& (K>#(,%=)J $+4+ &,F

/+ >#"(.&) /&, $+)8(#,&$%+)(, 6( T/*(* < 1,>%)+,& () ,+ /'1 &')*+)$*'1 +

(,& >%(L& & /+ P+M4(# E"( )&$%= < ,( (),&<= () ") M&// 6( ") M+*(/ //&4&6&

,"B"+1 *+ C+#:$#$ C e.#&, () /&, E"( b&",*%)+ )+ 6(@& 6( %)8(,*%:&# E"A

>"(6( ,(# *(&*#+ < E"A )+J .",$&)6+ 4&)(#&, < *(4G*%$&, )+ 6#&4G*%$&,J

() /&, E"( & *#&8A, 6( ," *#&*&4%()*+ //(:"() & $#(&# ")& $+4")%$&$%=)

$(#$&)& < $(#*(#&C b&",*%)+ >&#($( E"(#(# (8%*&# $&(# () /& %4>#($&$%=)

$+)*%)"& + /& 24+6(#)(L; ,+B%,*%$&6& E"( >&#($( 6(4&)6&# $%(#*& >&#*( 6(/

,($*+# $"/*"#&/C

-(#+ & /+, >#+:#&4&6+#(, 6(/ H/%"#( )+ ,( /(, +$"##%= +*#& $+,& E"( //&4&#/(

>+# $"&#*& 8(LC 3(#G E"( /(, %)*(#(,& $+4+ $#(&6+#J >(),&#F& ")+C e E"%LG(, E"( (,*A) 8%()6+ M&,*& 6=)6( ,( >"(6( //(8&# (/ @"(:+C 0+) (,& 6"6&

)&$( ; C \ /& #(,>"(,*& 6( b&",*%)+ (, 4(#%6%&)&C

!"#$%& () $"&*#+ &$*+, ^_^



1) (,$()&J 6(,>"A, 6( ") >#+/(:=4()+ () M+)+# & /&, >(/F$"/&, 6(

L+4.%(,J )+ (K()*& 6( M"4+# %6%+*&J b&",*%)+ Y*&4.%A) () (,$()&Z :#%*& &

,", $+4>&R(#+,a 2N&/&J & M&$(# (/ L+4.%;C TMF (4>%(L& /+ E"( () ") >#%)?$%>%+ >"(6( >&#($(# ")& *+4&6"#& 6( >(/+C 0"&*#+ &$*+#(, &$*"&)6+ $+4+

6(,$(#(.#&6+,J $+4+ 4"(#*+, %6%+*&, E"( ,( 6&) :+/>(, $+) /&, >&#(6(, <

/+, +.@(*+, < )+ ()*%()6() )&6&C T,F *#&),$"##( *+6+ (/ #(,*+ 6( /& +.#&C

-(#+ )+ ,( $#(&) E"( (/ ,%:)%B%$&6+ >#+B")6+ 6( /& +.#& (,*G +$"/*+ () ")

/():"&@( $#F>*%$+C U&) ,=/+ M&< E"( $+)+$(# /+, &)*($(6()*(, 6( /& +.#&

&E"F #(B(#%6+,J (,*&# &/ *&)*+ 6( /& 4&)(#& () E"( (/ 4")6+ $"/*"#&/ ,(

4&)(@& () 0&*&/")<&J < 8(# /&, &$$%+)(, E"( 6"#&)*( 4G, 6( 4(6%& M+#&

)+, ,+) >#+>"(,*&,C -+):&4+, 6+, (@(4>/+,C -#%4(#+J ") *#+L+ 6( $&#)(J

>/&*+ 6( :",*+ 6( $"&/E"%(# L+4.%J &>&#($( () (,$()&C H+, &$*+#(, %)*()*&)

M&$(#,( $+) A/J >(/(&) < &/ B%)&/ &$&.& /& $&#)( 6(,*#+L&6& < *%#&6& >+# (/

,"(/+C 1) /+ 6(,&:#&6&./( 6( /& (,$()& (,*G ," >+6(# 4(*&B=#%$+C 3(:")6+

(@(4>/+J ") L+4.% 6(,$".#( ")& $G4&#& < ,( ()*",%&,4&C T8%,& & /+,

6(4G, >&#& E"( /( M&:&) $&,+C 1) ")+, 4%)"*+, 6%#%:( (/ 2$+*&##+;C N&$(

>#%4(#+, >/&)+,J .&##%6+,J (,*G ()*",%&,4&6+ $+4+ ") ,".)+#4&/ $+)

@":"(*( )"(8+C 5)$/",+ M&$( B+*+, 6( B&4%/%& E"( #($"(#6&) & /& B&4+,&

(,$()& 6( 2d%#%6%&)&;J < >+# ,">"(,*+ ,&$& () ," 2B%/4; &/ >Q./%$+ >&#*%?

$%>(C 3+.#&) /&, >&/&.#&,C -(#+ b&",*%)+ 6($%6( %)6&:&# *+6&8F& ") >+$+4G, () (/ :#&) >+L+ $#(&6+# 6( /+ +.8%+a $"&)6+ (/ :#&) *(4& 6( !(#$"#<

< 0&.&//AJ 2I&#$(/+)&;J //(:& & ," $"/4()J b&",*%)+ ,( .(.( /+, (,$">%*&@+,

E"( 6"#&)*( *+6& /& +.#& (/ >Q./%$+J & ,":(#()$%& 6(/ 4%,4+ &"*+#J M& %6+

(,$">%()6+ () ") 8&,+C !G, $/&#+J /($M(C T6(4G,J (,*( /&L+J & >&#*( 6(

,(#8%# $+4+ $+/+B=)J *%()( ") >")*+ 6( ")%=) $+) ")+ 6( /+, >#%4(#+,

*#&.&@+, 6( b&",*%)+C U#&.&@+ $+) (/ E"( ,( 6%+ & $+)+$(# < >+# (/ E"(

4"$M&, 8($(, ,( /( #($+)+$(a 27"*#%*%8+;C 1,>($*G$"/+ () (/ E"( &/ B%)&/

%)8%*&.& &/ >Q./%$+ & *+4&#,( ")&, 4+#$%//&, $+$%)&6&, $+) /& ,&):#( 6(/

&#*%,*& () (,$()&C

H& +.#& ; J E"( *#&),$"##( ()*#( (/ 6(/%#%+ < /& >"<&J 4"(,*#& ")& ,%4>/( <

,&.%& 4&)(#& 6(/ ",+ 6( /& 4(*GB+#& < 6(/ 24+)*&@(; (,$A)%$+C 0&6& ,%*"&?

$%=) &6E"%#F& ," ,%:)%B%$&6+ >#($%,+ >+# (/ #%*4+ (/(:%6+ < /+ E"( &)*(,

M&.F& &$+)*($%6+ () (,$()&C

D)& +.#& E"( () *+)+ 6(,4%*%B%$&6+# (,$+)6( /& /"$M& A*%$& 6(/ $#(&6+#

&)*( (/ >+6(#J 6(/ $#(&6+# &)*( /+ E"( ,( (,>(#& 6( A/ < /+ E"( 6&C -(#+ ,% (//&L+J $+4+ 6($F&4+,J >&#($F& .%() < 6(B%)%*%8&4()*( >"(,*+J & b&",*%)+ /(

M& ,"#:%6+ +*#+ .()6%*+ >#+./(4&a /+ M&) 8"(/*+ & %)8%*&# & /& E"%)*&

^_f -&./+ 0&#"&)&



(6%$%=) 6( P&6%$&/,C 1) 4&<+ 6( (,*( &R+ >#(,()*& D#-$*(//'1 J +.#& ,+.#(

(/ >&,+ 6(/ *%(4>+ < /& 4Q,%$& () (/ E"( M& %)8%*&6+ & g%/+ T4&* YE'1$1 B"+

6$&+) FGH Z & /& (,$#%*"#&C 7+ ,"()& )&6& 4&/C

27+ M&< $(##+J )% ,(/8&J )% 6(,%(#*+J E"( )+, /%.#( 6(/ 6&R+ E"( +*#+,

>#(>&#&) >&#& )+,+*#+,;C T,F $+4%()L& /& +.#& E"( >+# ") 6F& //(:= &/

0()*#+ -G##&:& 6( !"#$%& *#&, M&.(#,( (,*#()&6+ () H& H&.+#&/ 6( h%@=) <

*#&, ," >&,+ >+# (/ b(,*%8&/ 6( e*+R+ 6( !&6#%6a <$ &$1$ *+ /$ ="+#>$ J 6(

T):A/%$& H%66(//C e.#& E"( >+# ," $+4>/(@%6&6 ( %4>+#*&)$%& M( 6(@&6+

>&#& $+4()*&# () Q/*%4+ /":&#C H& B")$%=) () !"#$%& $#(+ )+ ,(#G +/8%6&6&

>#+)*+ < E"( *(&*#&/4()*( Y)+ M&< E"( +/8%6&# E"( (/ >Q./%$+ () ," 4&<+#F&

(#&) /+, %)*(:#&)*(, 6(/ ,(4%)&#%+J (, 6($%#J >#+B(,%+)&/(, < & ," 8(L

*&4.%A) $#(&6+#(,Z 6(@&#G M"(//&C U&) ,=/+ #(4&#$+ (,*+ >&#& M&$(# 8(# /&

%4>+#*&)$%& E"( *%()( () *(&*#+ >+6(# 8(# & *", $+)*(4>+#G)(+,C

D)& 6( /&, :#&)6(, 8%#*"6(, 6( (,*& +.#& (, /& 4"/*%*"6 6( >/&)+,J 6( ,%:)%?

B%$&6+,J 6( M%,*+#%&, < 6( >(/(&, E"( (,*G) () @"(:+ &/ 4%,4+ *%(4>+C -+#

") /&6+J (,*G) /+, *(4&, *#&*&6+, c6(,&4+#J 6+4%)&$%=) 6( :A)(#+J 6+/+#J

,"%$%6%+J #(,%,*()$%&J /+$"#&i?J >+# +*#+J (,*G /& /"$M& >&#& $#(&# ") (,>&$%+

6+)6( ,(& >+,%./( 6($%# < M&$(#J ") (,>&$%+ 6+)6( /& 8+L 6( /& &"*+#& < 6(/+, &$*+#(, #($+.#() ")& 8&/%6(L >(#6%6&C \ >+# Q/*%4+J H%66(// (,$"6#%R&

M&,*& (/ Q/*%4+ #%)$=) E"A 6( $"#&*%8+ >"(6( *()(# /& $#(&$%=)J *&)*+ >&#&

(/ $#(&6+# $+4+ >&#& (/ >Q./%$+J E"A ,()*%6+ >"(6( *()(# (/ *(&*#+ B#()*( &

/& 8%6&J (/ &#*( B#()*( &/ 4")6+C -(#+ 8&<&4+, >+# >&#*(,C

dG4+)+,J e/%&J dG4+)+,

-&#& M&./&# 6( (,*& +.#& $#(+ E"( ") M%/+ $+)6"$*+#J >"(, /+ (, *&4.%A)

>&#& /& 6%#($*+#&J (, 5#+1 6+#-$)$1 6( 0MA@+8J +.#& () /& E"( H%66(// ,(

4%#&J ,( %),>%#& + ,( &>+<&J $+4+ ,( E"%(#& 6($%#C 5)$/",+ () #(>(*%6&,

+$&,%+)(, /&, &$*#%$(, 6%$() >(E"(R+, *(K*+, < 6%G/+:+, 6( /& +.#&J 4"$M&,

8($(, (,$+)6%6+,J &>()&, #($+)+$%./(,J $+4+ ,% /& &"*+#& E"%,%(#& 6(@&#

>(E"(R&, 4%:&, 6( >&) & *#&8A, 6( /& +.#&C

\& () /& >#%4(#& (,$()&J H%66(// 4"(,*#& ,%) &4.&:(, /+, M%(##+, E"(

$+)B+#4&) /& (,*#"$*"#& 6( /& +.#&a *#(, 4"@(#(, #(&/(,J h(*,(4&)%J H+/& </& >#+>%& H%66(//J M&./&) 6(,6( (/ <+ 6( ," #(/&$%=) $+) (/ &4+#C D,&) /&

>#%4(#& >(#,+)& < $"()*&) (K>(#%()$%&, >#+>%&,J 4"< F)*%4&,C -(#+ &/:+ )+

!"#$%& () $"&*#+ &$*+, ^__



$"&6#&J 8&) 8(,*%6&, 6( 4&)(#& %),+,>($M&6&J $+) 8(,*%6+, 6( 8"(/+ <

B%(,*&J ") 8(,*%6+ E"( >"6%(#& ,(# (/ E"( ",&) /&, 4(K%$&)&, () ," >#(,()?

*&$%=) () ,+$%(6&6J & /+, E"%)$( &R+,J $"&)6+ <& ,+) 2$+4(,*%./(,;[ + .%()>"6%(#& >&#($(# ") 8(,*%6+ 6($%4+)=)%$+J &/:+ E"( )+, #(*#+*#&( &/

>&,&6+J (/ 6%,B#&L E"( ,( "*%/%L& >&#& 8(,*%#,( () >(#,+)&@(J () (,*( $&,+ 6(

e/:&J !&,M& ( 5#%)&J /&, 4"@(#(, 6( /& +.#& 6( 0MA@+8C U#(, 4+,$+8%*&,

8()%6&, & 4()+, E"( ,%4"/&) (,*&# () !+,$QJ //(8&)6+ 4&)(#&,J 4+6+, <

8%6& ,+$%&/ $&>%*&/%)&J $"&)6+ #(&/4()*( (,*G) () ")& $%"6&6 6( >#+8%)$%&,C

1) (,$()&J 8(4+, *#(, >(#,+)&@(, (4>(R&6+, () #($#(&# ")& $&)*%)& 4(K%?

$&)&J //(8&)6+ 4+6+, 6( 8%6& 4(K%$&)& Y$(#8(L&J *(E"%/&J 4&#%&$M%, < ")+,

*+E"(,ZJ ,%4"/&)6+ //(8&# ")& 8%6& E"( 6(,(&) < )+ *%()()C U&) ,=/+ /&

B#&,( $&4.%&a 6(/ 2dG4+)+, & !+,$Q; () /& +.#& 6( 0MA@+8J >&,&4+, &/

2dG4+)+, & !AK%$+; () /& +.#& 6( H%66(//C 9( /& ,+$%(6&6 ."#:"(,& #",&

6(/ j5jJ >&,&4+, & /& $/&,( 4(6%& 6( /& ,+$%(6&6 +$$%6()*&/ >+,?+>"/()*&

&$*"&/C

H&, B%$M&, (,*G) () @"(:+a /& 8(#&$%6&6 6(/ >(#,+)&@( < (/ ",+ 6( /& >#%4(#&

>(#,+)& () *(&*#+[ <J (/ @"(:+ >&#&/(/+ ()*#( /& +.#& 6( 0MA@+8 Y*#&6%$%=)

*(&*#&/ >+# ") /&6+ < ,%*"&$%=) >+/F*%$& >+# +*#+ZJ < (/ >#(,()*( Y#(>#(,()?*&6+ >+# (/ *(&*#+ $+)*(4>+#G)(+ 6( H%66(// < (/ &$(#$&4%()*+ 6( /& &#*%,*&

& !AK%$+ZC 3+.#(8+/G)6+/+ *+6+ E"(6& /& B%:"#& 6( /& 4"@(#J /& 4"@(# #",&

6(/ j5j < /& 6(/ >#(,()*( () 1,>&R&J < () !AK%$+J *+6&, (//&, &.+$&6&, &/

*#&.&@+ 6(,M"4&)%L&6+# < (/ 6(,&4+# () ") 4")6+ #(:()*&6+ >+#

M+4.#(,C

U(&*#&/4()*(J () (,*& >#%4(#& (,$()& /& 6($/&#&$%=) 6( >#%)$%>%+, (, $/&#&a

*#(, >(#,+)&, 2(,*G); () (,$()& < )+ >&,& )&6&J .(.()J B"4&) < 6(@&)

>&,&# (/ *%(4>+C H& (,$()& ,( &/&#:& ,%) &$$%=) &>&#()*(J (/ *%(4>+ >&,&C

N&< ") >&#&#J ") )+ M&$(# >&#& >+6(# (,*&#C 1/ >&$*+ )($(,&#%+ ()*#( (/

(,>($*&6+# < (/ *(&*#+ >&#& E"( /& B%$$%=) < /& #(>#(,()*&$%=) ,(&) >+,%./(,

<& )+ >"(6( 6&#,( 6( 4&)(#& %)4(6%&*&C \ (,*+J >&#($( 6($%# /& &"*+#&J

)&6& *%()( E"( 8(# $+) (/ ()*#(*()%4%()*+ )% $+) /& %)6",*#%& $"/*"#&/C

1,*& 4%,4& #(&$$%=) M(4+, >+6%6+ 8(#/& () +*#+, *#&.&@+, 6( $+#*(

$+)*(4>+#G)(+ 6+)6( (/ >(#,+)&@( M& 6(,&>&#($%6+ < (,*G *&) ,=/+ (/

&$*+#C -(#+ () (,*& (,$()& 8(4+, & /&, &$*#%$(, *+$&#,( < 4%#&#,( 6(,6( (/>(#,+)&@(C 3%) E"( (/ (,>($*&6+# ,(& $+),$%()*(J )% ,( /( &8%,( & *#&8A, 6(/

*(K*+J /&, %)*A#>#(*(,J 6(,>"A, 6( ," $+4%()L+ F)*%4+ < >(#,+)&/J (,*G) ()

^_k -&./+ 0&#"&)&



," >&>(/a $+4+ *#(, M(#4&)&, #",&, &.&)6+)&6&, & ," ,"(#*(C P(>#(,()*&?

$%=) 6(B+#4&6&J + 4(@+#J &6&>*&6& & /& ,+/(6&6 $+)*(4>+#G)(& 6+)6(J &/

%:"&/ E"( () (/ #(,*+ 6( /& +.#&J >(#,+)&@( < &$*+# ,( $+)B")6()J ,(4(L$/&)C

5/ < & _ @+"#,J /lM+44( E"( @m&%4( 4m& E"%**A(Y,'/+"# +IB"(1+J 3+>M%( 0&//(J `nn^Z

H& ,(:")6& >&#*( 6( /& +.#& $+4%()L& $+) ") *#&.&@+ 6(/ E"( >"6+ 8(#,(

," :(#4() M&$( 4G, 6( ") &R+ () <$ ?'&6+ 1$/@$A+ 6(/ b(,*%8&/ .&#$(/+)A,

H-J 6+)6( ,( >#(,()*= .&@+ (/ )+4.#( 6( C+)+&($ C 1) (,*& >&#*( H%66(//J

,%:"( /+, >&#G4(*#+, 6( $+),*#"$$%=) 4G, $+)*(4>+#G)(+,C -&#*%()6+ 6(/

<+ < (,$+:%()6+ /& (,*#"$*"#& 6(/ 6%&#%+J H%66(// )+, $"()*& (/ >#+$(,+

M+##%./( < 6(8&,*&6+# 6( /& #">*"#& &4+#+,& E"( (//& >&,& () ")+, 6F&,

B#F+, < ,+/%*&#%+, () /& $%"6&6 %*&/%&)&C 9%&#%+ B&.#%$&6+ $+) (/ B+)6+ 6( /&,

%4G:()(, E"( /& >#+>%& &#*%,*& 8& ,&$&)6+ 6( /& *(/(8%,%=) 6( ," M+*(/J

6+)6( ,( 8( (/ .+4.&#6(+ %,#&(/F ,+.#( /& b#&)@& 6( h&L&C H%66(// $+)*#&?

>+)( ," 6+/+#J F)*%4+ < ,()*%4()*&/J $+) (/ 6+/+# 6( ") >"(./+ E"( 6(,6(

(/ op 6( 6%$%(4.#( &/ oq 6( ()(#+ ,"B#%= /& .(,*%&/%6&6 E"( /+, %,#&(/F(,6()+4%)&#+) 2e>(#&$%=) -/+4+ b")6%6+;C 1/ #(/&*+ >(#,+)&/ (, 6( ")&

%)*%4%6&6 &.,+/"*& 6+)6( )+ $&.( (/ >"6+#J 6+)6( (/ 6(,)"6+ (, $+4>/(*+J

(KM%.%$%+)%,*&J 6+)6( &B/+#& ") 6+/+# %)$+)4(),"#&./( $+)*#&>"(,*+ $+) (/

M+##+# &.,+/"*+ 6( /& 4"(#*( +#:&)%L&6& >+# /+, 1,*&6+,C 1/ 6+/+# ,(

%),*&"#& $+4+ /(< ")%8(#,&/ E"( 4"(8( &/ 4")6+ < /& &#*%,*& ,( 8( %)6(?

B(),& < #+*& >+# ") 6+/+# E"( &6(4G, /( &/(@& 6( >+6(# $+4>#()6(# <

$+4>&#*%# &E"(/ E"( ,"#:( 6( /& %)@",*%$%& M"4&)&J >+/F*%$&C

1, (,*& >&#*(J .&,&6& () (/ #(:%,*#+ >(#,+)&/ < (/ 4(6%+ &"6%+8%,"&/J

6("6+#& 6( ")& 4&)(#& 6( $+4>+)(# %),*&"#&6& () /& $+)*(4>+#&)(%6&6C

d&/:& (/ (@(4>/+ 6( ,'"/+"# +IB"(1+J *#&.&@+ () (/ E"( /& B#&)$(,& 3+>M%(

0&//( & *#&8A, 6( ") 6%&#%+ < ")& ,(#%( 6( B+*+:#&BF&, 8& )&##&)6+ ," 8%&@(

& ]&>=) &/ 4%,4+ *%(4>+ E"( ," #">*"#& &4+#+,&C 1@(4>/+ 4G, $(#$&)+ ()

(/ *%(4>+ < /& *(4G*%$& >(#+ E"( .%() >"6%(#& ,(# +*#+ $+4+J >+# (@(4>/+J

/&, B+*+:#&BF&, 6( 7%$M+/&, 7%K+)J 7&) h+/6%)J (*$C H%66(// ")( & (,*&

4&)(#& 6( $+4>+)(# /& >&/&.#& >#($%,& < (/ #%*"&/ &$$%+)%,*& >#(,()*( ()

*#&.&@+, &)*(#%+#(,C 1/(4()*+, E"( M&$() E"( & (,*& >&#*( ,( /( $+)B%(#&")& 4&<+# )&*"#&/(L& (,$A)%$& < E"( &6E"%(#& *+6&8F& 4&<+# $&#)&/%6&6

$+) (/ (,>/A)6%6+ 20"4 6(6(#%*; *+$&6+ < $&)*&6+ >+# -&" 6( 7"*C

!"#$%& () $"&*#+ &$*+, ^_p



H& (,$()& &$&.& $+) H%66(// $+)*G)6+)+, ,", $+)*&$*+, ,(K"&/(, >+#

5)*(#)(*J 6( /+, E"( )&6& 4G, E"( ,&$& 6(,(,>(#&$%=)C 1,$()& 6( ")

%4>"6+# 6+/+#+,+ ( %)$=4+6+ 6+)6( (/ M+4.#(J (/ 4&$M+J E"(6& 6%."@&6+$+4+ 6(>#(6&6+# ,(K"&/J $+4+ ()*( (:+F,*& E"( .",$& >/&$(# < >&#& (/ E"(

/& 4"@(# (, 4(#+ %),*#"4()*+C U(4G*%$& E"( #($+##(#G *+6& /& +.#&C 1/

*(&*#+ 6( H%66(// &$",& < (/ M+4.#( )+ 8& & ,&/%# .%() >&#&6+C

-(#+ () (,*& +.#&J H%66(// >&#($( )+ E"(#(# E"(6&#,( () (/ %4>&$*+J $+) /&

()+#4( B"(#L& 6( 28(#&$%6&6; 6( (,*& 4&)(#& 6( M&$(#C D)& 4&)(#& $+M(?

#()*( < $&#:&6& 6( >(,+ A*%$+ E"( *%()( .%() $&/%.#&6& < *#&.&@&6&J >(#+

6(,6( 6+)6( )+ >"(6( 8(#,( *+6& /& >&)+#G4%$&C 1) +*#&, +.#&, 6( H%66(//J

E"%LG 6( 4&)(#& )+ ,%(4>#( $(#*(#&J *&4.%A) ,( $+)B#+)*&.& (,*& 8(*&

F)*%4& < ,%) >"6+#J >(#,+)&/ < &##+@&6&J $+) /& %)@",*%$%& >+/F*%$& < ,+$%&/C

dA&,( <+1(')+1 Y`nn^ZJ + ")& 6( ,", Q/*%4&, >%(L&, $+4+ 5+ 6$#J ()@+)&(./+

&') -( *+##'2$ Y`nnrZC -(#+ &E"FJ 9) /$ &$1$ *+ /$ ="+#>$ J H%66(// 8& & //(8&#

(,*& $+)B#+)*&$%=) ()*#( /+ F)*%4+ < /+ ,+$%&/J ()*#( /+ 4%$#+ < /+ 4&$#+J ")

>&,+ 4G, &//GJ M&$%& /& &$$%=)C

-#(B(#%./( (, ,(# ") ."(<

9(,>"A, 6( 6+, ."()+, ,+>&>+, >+> & $&#:+ 6( H& e#(@& 6( d&) h+:M YE"(

&8%,&) 6( E"( () (,$()& 8& & (,*&# >(#4%*%6+ (/ ,()*%4%()*+ &$",&6+ 6(

,(),%./(#F&Z < 6( ")& 8():&)L& (,$A)%$& *(R%6& 6( #+,&J /&, *#(, &$*#%$(, <

/& +.#& ()*#&) () (/ 4")6+ 6(/ *#&.&@+C U#&.&@+ E"( *%()( 8&#%&, $&#&,a

*#&.&@+ &)*( ")& ,+$%(6&6 >+, +>"/()*& < +$%+,& $+4+ #(8"/,%8+ < >+,%$%=)

A*%$&J *#&.&@+ $+4+ $+)6()& 8(,*%6& 6( 8%#*"6 $&/8%)%,*& < *#&.&@+ $&>&L 6(

M&$(# E"( )+, +/8%6(4+, 6( )+,+*#+, 4%,4+,J E"( ,( $+)8%(#*( () +.,(?

,%=)J >(#+ E"( &/ 4%,4+ *%(4>+ )+, ()B#()*& $+) /& (,()$%& $&#)&/ 6( /&

E"( (,*&4+, M($M+,C U#(, $&#&, E"( +>(#&) *&)*+ $+) (/ #(B(#()*( 2$M(@+?

8%&)+; 6( /& +.#&J $+) /& M%,*+#%& >(#,+)&/ 6( /& $#(&6+#& YE"( ,( ,"4(#:(

() (/ 4")6+ 6(/ :%4)&,%+ < (/ (,B"(#L+ BF,%$+ >&#& /"$M&# $+)*#& (/

6(,&4+# < /& 6(,(,>(#&$%=)ZJ $+4+ $+) /& .Q,E"(6& 6( ")& A*%$& () (,$()&J

6( ")& 4&)(#& 6( >+6(# 6($%# < ,(#C

1) (,*& ,(:")6& >&#*(J &$+4>&R&6& 6( ")& 6( /&, 4(@+#(, /"$(, () (/

*(&*#+ E"( ")+ )")$& M&<& 8%,*+ Y/"L >+A*%$& 6( $/&#+,$"#+, E"( &$+4?>&R&) 6(@&)6+ ()*#(8(# < E"( &$&.& () )+$M( 6( /")& 6(,(,>(#&6&ZJ /&,

&$*#%$(, 8&) 6(,&##+//&)6+ ") ()+#4( (,B"(#L+ BF,%$+C !"(8() %)B%)%*+,

^_q -&./+ 0&#"&)&



,+BG,J /(8&)*&) %)$&),&./(4()*( >(,&, <J B%)&/4()*(J ,&$&) *+)(/&6&, 6(

$&#.=) 6( ,", .+/,&, >&#& /"(:+ 4+8(#/&,J & >&/&6&,J *#(, 4F,(#+, 4(*#+,C

1,B"(#L+ BF,%$+ < *%(4>+J *#&.&@+ < (,>&$%+J *%(4>+ < 4Q,$"/+ 6( ")&,4"@(#(, >(#6%6&,J E"( @"(:&) () /+, %)*(#/"6%+, $+4+ )%R&,J ,( .",$&) <

,"(R&) >&#& 8+/8(# & *#&.&@&#J & ,(# ():"//%6&, >+# (/ *#&.&@+C \ &/ 4%,4+

*%(4>+ &$*#%$(, 6(,&##+//&)6+ ") *#&.&@+ %)M"4&)+J E"( )+, M&./& <

4"$M+ 6( /& >#(>&#&$%=)J /& 6(6%$&$%=) < /& A*%$& $+) (/ E"( &B#+)*&) (/

*#&.&@+ *(&*#&/ *+6&, (//&,C 9( ")& 4&)(#& 6( ()*()6(# (/ &#*( < /& 8%6&C

U+6+ (//+ @")*+J >+,%.%/%*& /& Q/*%4& (,$()& 6( (,*& ,(:")6& >&#*( < E"%LG

")& 6( /&, 6( 4&<+# $&/&6+ 6( /& +.#&C

1) /& (,$()& 6( /&, >&/&6&,J 6(,>"A, 6( 4"$M+, 4%)"*+, 6( ,%/()$%+ <

*#&.&@+J 6( ") >Q./%$+ &*=)%*+ >(#+ ,()*&6+ $=4+6&4()*(J 8(4+, $+4+

6+, 6( /&, &$*#%$(, 4"(#() ,(>"/*&6&, .&@+ (/ $&#.=)C 3".( (/ >+/8+ 6( (,*&

#+$& ,(6%4()*&#%&J /&, /"$(, &$+4>&R&)6+ (/ 4%/&:#+ $#(&) ") $/&#+,$"#+

6( )+$M( 6( /")&J ( 5#%)& Y>+#E"( &E"F <& )+ M&< &$*#%$(,J (,*G 5#%)&J (/

4%/&:#+ 6( /& ,",*()*&$%=) *(&*#&/ ,( M& M($M+ $&#)(ZJ :#%*&a 2\& )+ >"(6+

4G,i;C TMF (4>%(L& ")& 6( /&, (,$()&, 4G, *(&*#&/(, Y() (/ ,()*%6+ 6(/

*(&*#+ $+4+ &#*( 6( /& #(>#(,()*&$%=)J 6( /& B%$$%=) () (,$()&Z E"( ")+

M&<& 8%,*+C H& >&/&.#& ,+.#($+:(C 1/ (,>&$%+ (,$A)%$+ ,( *#&,/&6& & +*#+4")6+J 6( B%$$%=) < (),"(R+J >(#+ #(&/J *&) #(&/ E"( 6"(/([ ( 5#%)&J &E"(//&

4"@(# $#(&6& >+# 0MA@+8 () (/ >#%4(# &R+ 6(/ ,%:/+ jjJ *+4& /& 8+L M+< ()

(/ jj5 < :#%*& ,", >&/&.#&,J &E"(//&, E"( /( 6%+ (/ &"*+# 6( 5K' C$)($ a 2]&4G,

%#(4+, & !AK%$+ YiZ 7+ $+4>#()6+ $+4+ 8%8+ *+6&8F&J $+4+ )+ 4( M(

4&*&6+i;C

5#%)& $&( 4"(#*&J ,"#:() >+# (/ /&*(#&/ *#(, &$*#%$(, 4(K%$&)&, E"( #($+:()

& /&, (,>&R+/&,C s"(6&) $#"$(, #+,&, () (/ (,>&$%+J (/(4()*+, E"( ")()

,%4.=/%$&4()*(J & *#&8A, 6( /& 4"(#*(J (,*& ,(:")6& >&#*( 6( /& +.#& $+)

/& *(#$(#& < Q/*%4&C

!&#F&J -(#/& < 0%)*M<&

9(,6( 0M%M"&M& //(:&) (,*&, +*#&, *#(, 4"@(#(,a !&#F&J -(#/& < 0%)*M<&C \

&E"F )+ M&< 0MA@+8 E"( 8&/:&J ,%)+ /& #(&/%6&6 4G, &.#">*& 6( ") >&F,

,"4(#:%6+ () /& 8%+/()$%&C D)& 8%+/()$%& (,>($%&/4()*( ()$&#)%L&6& $+) /&,4"@(#(,a 8%+/()$%& B#"*+ 6( ") ,%,*(4& 4&$M%,*& < $+##">*+ E"( M&$( 8%8%#

$+) 4%(6+ &*#+L & ,", M&.%*&)*(,J E"( 4&*& %)6%,$#%4%)&6&4()*(J E"( ,(

!"#$%& () $"&*#+ &$*+, ^_r



$(.& () 4"@(#(, &.+$&6&, &/ *#&.&@+ () ")& %)6",*#%& () $&6()& E"(

&$&.&) () /&, $")(*&, $+) /&, .#&:&, .&@&6&,C

1/ >#+./(4&J 6(,>"A, 6( *#(, M+#&, < >%$+ 6( B")$%=)J 6( ")& >"(,*& ()

(,$()& $+4>/(@& < 4"< (/&.+#&6&J (, $=4+ &B#+)*&# (,$A)%$&4()*( (,&

+*#& #(&/%6&6C H%66(// +>*& >+# ")& ,+/"$%=) %)*(/%:()*(a ,%4>/(4()*( 6&#

8+LC T)*(,J ") >(E"(R+ #%*"&/C H&, 4"@(#(, +$$%6()*&/(, /%4>%&) /+, >%(, 6(

/&, &$*#%$(, 4(K%$&)&,C U#&, /+ $"&/J < #($"##%()6+ & ") *(&*#+ $(#$&)+ &/

*(&*#+ &)*#+>+/=:%$+ + 6+$"4()*&/ Y&,F /+ 6()+4%)&) /+, *&K%6(#4%,*&,

*(&*#=/+:+,Z 8&4+, (,$"$M&)6+ 6( 8+L 6( (,*&, *#(, &$*#%$(, $=4+ ,+) ,",

8%6&,J ,", >(E"(R+, #(/&*+, 8(#F6%$+, 6( M+##+# < 4%(6+C H+, *(,*%4+)%+,

,+) &$+4>&R&6+, 6( >(E"(R&, &$$%+)(, .%+4($G)%$&,J ,%4>/(,J E"( )+

(,*+#.&)C 3( /"$M& &,F $+)*#& /& >(#8(#,%=) 6( /& %)B+#4&$%=) $+)*(4?

>+#G)(&J 6F& 6(,M"4&)%L&6&J 6F& 4&)%>"/&6&J $&,% ,%(4>#( 8(/&6&J 4"6&C

1) (,$()& 8&) E"(6&)6+ /&, 8+$(, < *(,*%4+)%+, 6( !&#F&J -(#/& < 0%)*M<&C

T,%,*%4+, /"(:+ & ") &$*+ #%*"&/ 6( M(#4&)&4%()*+J &/&#:&6+J #(/&@&6+J ()

(/ E"( $+) /%.(#*&6 (K()*& 6( #".+# ,( M&$( ")& +B#()6& B/+#&# < 4",%$&/ ()

/& E"( ,( 8%,/"4.#& ") ,"(R+J ")& (,>(#&)L& 6( ") 4")6+ 4(@+#C 1,$()&

E"( BG$%/4()*( >+6#F& ,(# *%/6&6& 6( 2R+R&;J 6( ./&)6& + ,(),%./(#&C -(#+(/ *#&.&@+ 6( H%66(//J ,% .%() ,( >(#4%*( () (,*& +.#& (,( (,>&$%+ 6( >&L <

&B($*&$%=)J ,( #($+)+$( () /& /"$M&J () /& .&*&//&J () /+, 2>"R+, 6( 9%+,;C

T,FJ ")& 6( /&, &$*#%$(, ,( 6($/&#& () 6(,+.(6%()$%& < /& 4&)(#& 6( 6($%#

,%)$+>&6& < ,%) &%#( 6( H%66(// 8"(/8( >(#+ () 8+L 4(K%$&)&C H& &$*#%L

,"(R& $+) (/ 4")6+ 6()*#+ 6( 6+,$%()*+, + *#(, $%()*+, &R+,C U&/ < $+4+

/+ M&$( () /& +.#& 6( 0MA@+8 (/ >(#,+)&@( 6( d(#,M%)%)C -(#+ (//& %4&:%)&

")& #&L& 6( M+4.#(, 6(.%/%*&6+,J >#+6"$*+ 6( ") %)$(,*+ %)*(#4%)&./( ()

(/ E"( #(%)& ")& \+$&,*& &4&4&)*&6+#&C D$#+)F& ,+*(#%+/=:%$& E"( &*&$&

B#+)*&/4()*( &/ M+4.#( +J >+# /+ 4()+,J & ")& %6(& 6(/ M+4.#( M+<

#(%)&)*( () /& E"( /& 4"@(# ,%:"( ,%()6+ 8%/%>()6%&6&J ",&6& < 4()+,>#(?

$%&6&C

s"(6& &,F /& 6#&4&*"#:%& *#()L&6& Y0MA@+8 .%() &:&##&6+J /& /%.(#*&6 6(

#(:%,*#+, < B+#4&, *(&*#&/(, 6(4+,*#&6&J /& >+,%.%/%6&6 6( 8(#&$%6&6 ()

(,$()& >#(,()*(J (/ >&,+ 6( /+ >(#,+)&/J 6( /+ F)*%4+ & /+ >+/F*%$+J *#&),%?

*&6&Z < &Q) &,F (/ ,()*%4%()*+ (, 6( *#%,*(L&J 6( $&),&)$%+ E"( ,&.( & %4>+?

*()$%&C H& #(,>"(,*& 6( >&#& E"A ,%#8( (/ &#*( ,%:"( ,+.#(8+/&)6+ /& +.#& ,%),(# #(,"(/*&J >(#+ ")+ *%()( /& ,(),&$%=) 6( M&.(#,( ()B#()*&6+ $+) ,",

>#+>%&, +.,(,%+)(,J $+) &E"(//+ E"( )+ E"%(#( 8(# () ," 6F& & 6F&J 6+)6(

^kn -&./+ 0&#"&)&



8&4+, #($M&L&)6+ .&*&//&#J < &$(>*&4+, *()(# >(E"(R&, ( %)B%)%*&,

4"(#*(,C -&#($( (/ &#*( 6( H%66(// $+4+ /& >"*& ()$&#:&6& 6(/ *#&.&@+ ,"$%+J

6( #($+#6&# E"( )+ ,+4+, 4G, E"( /"$M& < 6(,(+J 6( 6(,*&>&# &E"(//+ E"()+,+*#+, 8&4+, & 6%,B#&L&#J & $".#%# M&,*& *#&),B+#4&#/+ () 4()*%#&

$+4(,*%./(a 6=)6( (,*G (/ &4+# () )"(,*#& 8%6&J 6=)6( )"(,*#& $&>&$%6&6

6( #(&$$%=) &)*( /& %)@",*%$%&J E"A >+6(4+, M&$(# $+) (/ ,()*%4%()*+ 6(

$&F6& < B#&$&,+ &/ E"( (,*&4+, $+)6()&6+,CCC

H%66(// @")*& () (,*& +.#& *+6& /& ,&.%6"#F& 6( /&, +.#&, E"( //(8& 4G, 6(

E"%)$( &R+, (,$#%.%()6+J 6%#%:%()6+ < &$*"&)6+[ < //(8& (/ *(&*#+ & ") /":&#

(K*#&R+ < >&#*%$"/&# 6+)6( /& 8%6& 6( /& &#*%,*&J /& )"(,*#& >#+>%& < (/ &#*(

,( #(/&$%+)&) < >(/(&)C D) /":&# 6+)6( /& B%$$%=) ,( ()*#(4(L$/& 6( 4&)(#&

)"(8& $+) /& #(&/%6&6 < () (/ E"( ,( ,%:"( (,>(#&)6+ E"( #(&/4()*( (/ &#*(

>"(6& $&4.%&# )"(,*#&, 8%6&,C

!%()*#&, (,$#%.+ (,*&, >G:%)&, /& $+4>&RF& 6(.( (,*&# >#(>&#&)6+ ,"

&$*"&$%=) () (/ b(,*%8&/ 6( T8%R=)J >#%4(#& 8(L E"( H%66(//J &")E"( <& M&

(4>(L&6+ & ,(# #($+)+$%6& () (/ >&F, :&/+ c4G, & *#&8A, 6( ,", *(K*+,cJ

//(:& $+) ") (,>($*G$"/+ >#+>%+ & ") B(,*%8&/ 6( /&, 6%4(),%+)(, ( %4>+#?

*&)$%& 6( A,*( () 1"#+>&C D) B"*"#+ ,( &.#(C

!"#$%& () $"&*#+ &$*+, ^ko





!"#$%& %( )*"# &$+,-&./* 0&#"&(&

123 45(+3#(&+%*(&/ 637%(&# *) 839 :#&7&+"#;%3,< %($/"=3= +23 >#3,3(+&?+%*( *) )*"# @3#A =%))3#3(+ >3#)*#7&($3, >#*="$+%*(,B C 2%;2?D"&/%+A

>#*;#&773 $&>+"#%(; ,3@3#&/ *) +23 7*,+ %(+3#3,+%(; #*"+3, *) $*(+37>*?

#&#A >3#)*#7%(; &#+,E >#*@%=%(; & =%#3$+%*( )*# +23 +23*#3+%$&/ >&#+ *) +23

637%(&#B 123 (33= +* %(+3;#&+3 %(+3#@3(+%*(, ,"$2 &, +2&+ *) +23 &(+2#*?

>*/*;%,+ !&("3/ :3/;&=* *# +23 9#%+3# !&#%* F3//&+%( %( & ,37%(&# *(

+23&+#3 9&, 7&=3 $/3&#3# *( ,33%(; +23 >#*="$+%*(, *) F3#(&+ &(= G%==3//B

123 /%(H&;3 &(= )33=.&$H .3+933( #3,3&#$2E #3)/3$+%*( &(= +23&+#%$&/ >#&$?

+%$3E ,* (3$3,,&#A &(= #3/&+%@3/A "(3I>/*#3= %( +2%, $*"(+#AE 9&, 93//*"+/%(3= %( +2%, )%#,+ ,37%(&#B

J#*7 +23 2&(= *) K&(=H3

123 9*#H +2&+ *>3(3= +23 ,37%(&# 9&, !"#$ &'()&(*+)&($ L-"#3 0*%($%?

=3($3M .A +23 F&#$3/*(& =%#3$+*# N*;3# F3#(&+B C =3@%$3 +2&+ $*(+%("3, +*

3I>/*#3E &, 23 &/#3&=A 2&= =*(3 9%+2 ,'-()( !"./(& E +23 >/&$3 *) +23 &"=%?

3($3E &(= +23#3)*#3 +2&+ *) +23 &#+%,+E %( +23 ,+&;3 2&>>3(%(;B 5( F3#(&+O,

>/&AE +23 &"=%3($3 %, )%/73= .3)*#3 +23A 3(+3# +23 +23&+#3B P23( +23A +&H3

"> +23%# ,3&+, &(= +23 9*#H .3;%(,E +23A ,33 +237,3/@3, ="#%(; +23 +%73

>#3$3=%(; +23%# 3(+#AB 6* 93 &#3 ,2*9( ,3@3#&/ ,2*+, 9%+2 ;#*">, *) ,>3$?

+&+*#, %( $*(@3#,&+%*(E &#3&, 923#3 >3*>/3 &#3 ,+#*//%(; &.*"+ &(= 3@3( +23

3(+#A +* +23 +*%/3+,B 123,3 %7&;3, &#3 %(+3#,>3#,3= 9%+2 $*773(+, *( +23

)%;"#3 *) +23 ,>3$+&+*# &(= 2%, *# 23# 3I>3$+&+%*(,B J"#+23# *(E +23,3

$*773(+, &#3 %(,3#+3= 9%+2 %7&;3, *) +23 &"=%3($3 %(,%=3 +23 +23&+#3B 5(

*+23# 9*#=,E +23 $&73#&, 2&@3 $*(+%("3= +* #3$*#= +23 ,>3$+&+*#,+2#*";2*"+ +23 *>3(%(; 7%("+3, *) +23 >3#)*#7&($3E %( ,"$2 & 9&A +2&+

+23 >*,%+%*( *) +23 +#&=%+%*(&/ *.,3#@3#Q*.,3#@3= )*#7&+ @%,?&?@%, &"=%3($3



&(= ,+&;3 %, &;&%( #3@3#+3=B C+ +23 3(= *) +23 >%3$3E +23 ,$#33( +2#*9, *"+

%(,"/+, +* +23 ,>3$+&+*#,E 92%$2 3,+&./%,23, & $/3&# >&#&//3/ 9%+2 +23 +&/3

">*( 92%$2 +23 >%3$3 %, .&,3=E !"./(& 0)1"/2 .A -3+3# K&(=H3B C #3)/3$+%@3>%3$3E >3#)*#7&+%@3 %( (&+"#3E &(= &//3;3=/A &(+%?+23&+#3E +2&+ $*(+%("3,

N*;3# F3#(&+O, 3I>/*#&+%*( %(+* 4=3@%$3,<E 923#3 +23 &#+%,+ $*73, "> 9%+2

;&=;3+,E $*(+#&>+%*(, &(= 7&$2%(3, +2&+ )"($+%*( &$$*#=%(; +* $3#+&%(

4#"/3,< &(= 923#3 93E +23 >"./%$E &, >&#+ *) +23 >/&AE 9%+2 &// *"# $&>&$%+A

)*# &,+*(%,273(+ &$+%@&+3=E ,33 2*9 +23,3 )"($+%*(B C)+3#9&#=,E D"3,+%*(,

&#%,3 /%H3 92&+ =*3, 4;*%(; +* +23 +23&+#3 73&(<R P2&+ %, +23 #*/3 *) +23

&"=%3($3R P2&+ #"/3, =*3, +23 +23&+#3 ,2&#3 9%+2 &#$2%+3$+"#3 *# 9%+2 &

)&7%/A *"+%(; +* & ,">3#7&#H3+R

S"%+3 & =%))3#3(+ #*"+3 9&, +23 *(3 +#&@3//3= .A N&%7"(= K*;23 &(= 2%,

,".+/3E >#3$%,3 &(= 4+2#%//%(;< 34+ 15$) /$6+E .&,3= *( -%*+# 1$2&%H*@,HAO,

75$) 8$6+B 12%, T3#7&( $2*#3*;#&>23#E H(*9( )*# 2%, 9*#H 9%+2 -%(&

F&",$2O, P">>3#+&/ 123&+3#E &##%@3= %( !"#$%& 9%+2 & >%3$3 .&,3= *( +23

)*#$3 +2&+ &#%,3, )#*7 $*(+#&,+ &(= $*7>&#%,*(B

U( +23 *(3 2&(=E 7&I%7"7 #3,+#&%(+E +23 =3$*(,+#"$+%*( *) +23 +3$2(%$&/

/&(;"&;3 *) =&($3E +23 =%,+&($%(; *) +23 &$+*# +2#*";2 2%3#&#$2%$ &++%+"=3E#3>3+%+%*(E &$+%*( ,+#%>>3= .&#3 *) &// +23&+#%$, &(= ,2*9( %( &// %+, 73$2&?

(%,7E +23 7*,+ 0&#+3,%&( ,>&+%&/ /*;%$E &(= +%73 )#*V3( %( =*%(; ,*B U( +23

*+23# 2&(=E +23 &++3(+%@3 ,>%#%+"&/%+A *) +23 &$+*# L#37%(%,$3(+ *) ."+*2ME

+23 ,A7.*/%$ &(= >*3+%$ ",3 *) +23 3,,3(+%&/ 3/373(+, L9&+3#E 3&#+2E &%#ME +23

7",%$ *) +23 N",,%&( $*7>*,3# )&//%(; *( +2%, @&$&(+E &//3;3=/A =3&= ,>&$3E

&(= +23 =&($3#, 3I>#3,,%(; =3&+2 %( +23%# ;3,+"#3,E A3+ (3@3# )*# & 7*73(+

#3)#&%(%(; )#*7 ,+&#%(; )%I3=/A &(= =%#3$+/A &+ +23 ,>3$+&+*#B

C(= +23 7",%$ >#3,3(+ &// +23 92%/3E 9%+2 %+, *9( /%)3E &, %) %+ 93#3 & W*A$3&(

%(+3#%*# 7*(*/*;"3E =3,$#%.%(; +23 "(="/&+%*(, *) +23 ,*"/ *) +23 =&($3#, *(

,+&;3B J%(&//AE K*;23E +23 *(/A =&($3# (*+ /**H%(; &+ +23 &"=%3($3E 92* 2&,

,>3(+ +9* 2*"#, /**H%(; ,%=39&A, "(/%H3 2%, $*7>&(%*(,E 373#;3, 9%+2 2%,

,7&//E &(+%?&3,+23+%$E =3)*#73= .*=AB C(= $/"+$2%(; 9%+2 $*(@%$+%*( +* &

#%+"&/ &(= ,&$#3= +23&+#3 $&##%3, *"+ 2%, #3,"##3$+%*(E 2%, 9%(;3= )/%;2+E

$2&#;3= 9%+2 37*+%*(E 9%+2 & >*/%+%$&/ #3,>*(,3 &(= &+ +23 ,&73 +%73 &

>3#,*(&/ @%(=%$&+%*( *) & .*(=%(; .*=A &(= ,*"/B 123 03(+#* -X##&;&E 9%+2

%+, /*$&/ $*(+*"#,E #3&$+%*(, &;&%(,+ 7*=3#(%,7 &(= +23 =%))3#3(+%&+%*( *) &(&"=%3($3 *) /*$&/, &(= @%,%+*#,E &+ +23 73#$A *) +23 3/373(+,E "(=3# +23

.&##&;3 *) & 7*=3 *) +23&+#3 *.,+%(&+3/A ;&V%(; )#*7 +23 =&#H3,+ =3>+2, *)

YZ[ -&./* 0&#"&(&



+23 ,*"/B C +23&+#3 +2&+ %, $*(+37>*#&#A %( ,+A/3E ,+33>3= %( +#&=%+%*( &(= +23

$"/7%(&+%*( *) & =3@3/*>73(+&/ >&+2 =%,>3//%(; %7>*,+"#3 &(= $*VA &##&(;3?

73(+,E #3/3&,%(; & #3)#3,2%(; =*9(>*"# *) +23 H%(= +2&+ .#%(;, 7&( )&$3 +*)&$3 9%+2 /*@3E 9%+2 =3&+2 &(= 9%+2 2%7,3/)B

9 E & >/&A )*# ,/33>/3,, (%;2+,

U( +23 ,&73 =&A +2&+ 93 ,&9 8$ &$1$ *+ /$ :"+#;$ L123 2*",3 *) )*#$3M .A

C(;\/%$& G%==3//E +2%, *.3=%3(+ &(= ,3/)/3,, &"=%3($3 9&+$23= 63#;%

J&",+%(*O, /&+3,+ >/&AE $#3&+3= )*# &(= >#*="$3= .A +23 J3,+%@&/ =3/ 13&+#3

G/%"#3E %(3>+/A +%+/3= N&=%$&/,B J&",+%(*E &)+3# &( %(=3>3(=3(+ $&#33# &(= &

$*7.&+%@3 +23&+#3 L9%+2 9*#H, /%H3 <"2#(2(=' *# >/ &#+-$12+# *+ /'1 &'?')+1 ME

9&, ],&#$&,+%$&//A] &=*>+3= &, +23 2*(*#&#A ;"3,+ *) & )3,+%@&/ +2&+ 2&=

%(@%+3= 2%7 3@3#A A3&# &(= &,,%,+3= %( +23 >#*="$+%*( *) 2%, /&+3,+ 9*#HB 5(

& ,3(,3E %+ %, &/7*,+ &, %)E &/+2*";2 (*.*=A $*"/= >*,,%./A +2%(H ,"$2 &

+2%(;E +23 G/%"#3 9&(+3= +* $*(+#&$+ +23 7*,+ >"(H ;"A &#*"(=? 3I$3>+

2*93@3#E +2&+ J&",+%(* %, /&#;3# +2&( /%)3B

P%+2 2%, +2#33 >#3@%*", >/&A,E J&",+%(*E & 7%,$2%3@*", $2&#&$+3#E 9&(+3= +*%($#3&,3 2%, %()/"3($3 &, & $#3&+*# &(= 3(^*A +23 ,">>*#+ *) +23 0&+&/&(

>"./%$ %(,+%+"+%*(,E 9%+2 &// +2&+ +2%, %7>/%3,B 5( +237 J&",+%(* #3="$3= +23

+23&+#%$&/ ;&73 +* %+, 7%(%7&/ 3I>#3,,%*(E &, %, .*#(3 *"+ .A +23 $*(@3#?

,&+%*(, *) C/+3+ &(= _,>%(*,& %( ,+ /'1 &')*+)$*'1@ *# .A 2%, N*273#?,+A/3

>%3$3 +2&+ ;3#7%(&+3= &(= 9&, #323&#,3= %( +23 2&// *) & 2*+3/ $&//3=

,"A"+1 *+ B+#C$#$ ̀ >/&A, %( 92%$2 J&",+%(* $*(,+&(+/A 3I>/*#3, 92&+ =*3,

&(= =*3, (*+ $*(,+%+"+3 +23&+#3E ,3&#$2%(; )*# (*(?=#&7&+%$ )*#7, &(=

+2373, +2&+ "(=3# 2%, +#3&+73(+ 7&(&;3 +* $#3&+3 $/*,3 &(= >#3$%,3

$*77"(%$&+%*(B 5+ 9*"/= &>>3&# +2&+ J&",+%(* 9&(+, +* &@*%= )&//%(; "(=3#

+23 $*(+%("*", $"#,3 *# ,*>2%,+%$&+3= 47*=3#(%+A<E 92%$2 & $3#+&%( >&#+ *)

+23 $"/+"#&/ ,3$+*# &>>3&#, +* =37&(=B

F"+ +23 >#*;#&773#, *) +23 G/%"#3 2&= (* =*".+, &.*"+ $&//%(; *( 2%7 )*#

& )*"#+2 +%73B 5+ 7",+ .3 +2&+ +23A )&($A 2%7 &, & $#3&+*#B U# +23( &;&%(

>3#2&>, +23A &#3 9&+$2%(; +* ,33 2*9 )&# +23 ;&73 $&( ;*B a %, .*#( %( +2%,

$*(+3I+ *) =*".+B C(= J&",+%(*O, #3>/A %, .#%//%&(+B

U( ,+&;3 )*//*9%(; &( %(+#*="$+%*( +2&+ >&A, +#%."+3 +* V*7.%3 7*@%3,E

9%+2 +23%# %=%*+%$ 2"7*"#E J&",+%(* L&/,* *( ,+&;3M ,2*"+, +* 2%, $*7>&(?

!"#$%& %( )*"# &$+, YZb



%*(,` 4UH&AE %+O, +%73 +* &$+ +23 V*7.%3/&A "()*/=,B F"+ =* (*+ .3/%3@3 +2&+ +23#3 %, & =33> 73&(%(; 23#3 2%==3(

%( & $#A>+%$ /&(;"&;3B U(3 *(/A 2&, +* H(*9 +23 &.*@3?73(+%*(3=

&(+3$3=3(+, +* +23 >/&AE +* .3 &9&#3 *) 2*9 +23 $"/+"#&/ ,$3(3 9*#H, %(

0&+&/"c& &(= +* ,33 +23 &$+%*( +2&+ %, >#3,3(+3= +* ", )*# *@3# 2&/) &( 2*"#B

G3+ ", +&H3 +9* 3I&7>/3,B J%#,+E & >%3$3 *) 73&+E &( &>>3+%,%(; =%,2 )*# &(A

V*7.%3E &>>3&#, *( ,+&;3B 123 &$+*#, +#A +* ;#&. %+ )*# +237,3/@3,d +23A

)%;2+ *@3# %+ &(= %( +23 3(= +23 73&+ %, +*#( %( ,2#3=, &(= +2#*9( *( +23

;#*"(=B 123 73+&>2*#%$ >*93# *) +23 ,$3(3 /%3, %( %+, (&,+%(3,,B C ,3$*(=

3I&7>/3` & V*7.%3 =%,$*@3#, & $&73#& &(= ;3+, 3I$%+3=B K3 +3//, +23 *+23#,

,* +2&+ +23A +&H3 (*+%$3 *) 2%7B 5( +23 ,>&$3 *) ^",+ & )39 7*73(+, 23 #"/3,

+23 #**,+B K3 +&H3, $/*,3 ">,E ,933>%(; ,2*+,B K%, 3(+2",%&,7 %, /%H3 +2&+

*) & 7*#*( 9%+2 & (39 +*AB K3 3@3( +&H3, )&7%/A >2*+*, #37%(%,$3(+ *) +23

)&7*", ,$3(3 %( 4e%#%=%&(&<E &(= *) $*"#,3 23 %($/"=3, +23 &"=%3($3 %( 2%,

4)%/7<B P*#=, &#3 "((3$3,,&#AB F"+ J&",+%(* =3$%=3, +* %(@3,+%;&+3 )"#+23#

%(+* +23 ;#3&+ $#3&+%@3 93// *) +23 *.@%*",` 923( +23 ;#3&+ !3#$"#A &(=

0&.&//\E 4F&#$3/*(&< ="* #3&$23, %+, $/%7&IE J&",+%(* =#%(H, +23 ;*., *)

,>%+ +2&+ +23 &"=%3($3 &+ +23 &"+2*#O, #3D"3,+ 2&@3 .33( ,>%++%(; %(+* &;/&,,B C, $/3&# &, =&A/%;2+B 5( )&$+ +2%, /%(H (*+ *(/A ,3#@3, &, & $/%7&I ."+

%, &/,* & "(%)A%(; 3/373(+ 9%+2 J&",+%(*O, 3&#/A 9*#H,B 123 >%3$3 9%+2

92%$2 23 .3$&73 %=3(+%)%3= &(= )*# 92%$2 23 %, *)+3( #3$*;(%,3=` 48"+#%?

+%@*< L8"+#%+%@3MB C ,2*9 %( 92%$2 &+ +23 3(= 23 %(@%+3= +23 &"=%3($3 +*

+&,+3 ./&$H ,&",&;3, +2&+ 2&= .33( $**H3= *( ,+&;3 9%+2 +23 &#+%,+O, ./**=B

aE & 9*#H +2&+ %, ,%+"&+3= ,*73923#3 .3+933( =3/%#%"7 &(= 7*$H3#AE

=%,>/&A, & ,%7>/3 &(= 9%,3 ",3 *) 73+&>2*# &(= ,+&;%(;B _&$2 ,%+"&+%*(

&$D"%#3, %+, >#3$%,3 73&(%(; )#*7 +23 #2A+27 $2*,3( &(= )#*7 92&+ >#3@%?

*",/A *$$"##3= *(,+&;3B

K3#3 93 2&@3 & >/&A +2&+ %( =37A,+%)A%(; +*(3, 2%=3, +23 3+2%$&/ ,+#";;/3

*) +23 $#3&+*# %( +23 )&$3 *) >*93#E *) +23 $#3&+*# %( +23 )&$3 *) 92&+ %,

3I>3$+3= *) 2%7 &(= 92&+ 23 ;%@3,B F"+ 92%/3E &, 93 2&@3 ^",+ ,&%=E +23 /%(H

&>>3&#, 93// &(= +#"/A 3,+&./%,23=E J&",+%(* %, )&$3= 9%+2 A3+ &(*+23#

>#*./37` 23 2&, .33( %(@%+3= .&$H +* +23 )%)+2 3=%+%*( *) N&=%$&/,B 5( !&A

*) +2%, A3&# 23 %, >#3,3(+%(; D#-$*(//'1 E & >/&A *( +23 >&,,&;3 *) +%73 &(=7",%$E +* 92%$2 23 2&, %(@%+3= f%/* C7&+ LE'1$1 A"+ 4$&+) FGH MB 8*+ .&=

&+ &//B

YZZ -&./* 0&#"&(&



4123#3 %,(O+ & 2%//E & ^"(;/3E *# & =3,3#+ +2&+ $&( )#33 ", )#*7 +23 =&7&;3

+2&+ *+23#, >#3>&#3 )*# ",3(, +23 9*#H 8$ &$1$ *+ /$ :"+#;$ E L123

2*",3 *) )*#$3M .A C(;\/%$& G%==3//E +2&+ $&73 +* +23 03(+#* -X##&;& *) !"#$%& &)+3# %+, >#37%3#3 %( G& G&.*#&/ %( T%^g( )*//*93= .A +23 !&=#%=

C"+"7( J3,+%@&/B F3$&",3 *) %+, $*7>/3I%+A &(= %7>*#+&($3E 5 2&@3 /3)+ +2%,

>/&A "(+%/ /&,+ +* $*773(+ ">*(B 5( 7A @%39 %+, >3#)*#7&($3 %( !"#$%& 9%//

(*+ .3 ,**( )*#;*++3( &(= %( & +23&+#%$&/ ,3(,3 L*(3 7",+ (*+ )*#;3+ +2&+

+23 &"=%3($3 9&, 7&=3 "> /&#;3/A *) +2*,3 &++3(=%(; +23 637%(&#E >#*)3,?

,%*(&/, &(= +237,3/@3, $#3&+*#,ME 9%// /3&@3 %+, 7&#HB 5 73(+%*( +2%, 73#3/A

+* "(=3#/%(3 +23 %7>*#+&($3 %( +23 9*#/= *) +23&+#3 *) 2&@%(; +23 >*,,%?

.%/%+A +* @%39 *(3O, $*(+37>*#&#%3,

U(3 *) +23 ;#3&+ @%#+"3, *) +2%, >/&A %, +23 7"/+%+"=3 *) /3@3/,E *) 73&(%(;,E

*) ,+*#%3, &(= &#;"73(+, +2&+ &#3 %( >/&A &+ *(3 &(= +23 ,&73 +%73B U( +23

*(3 2&(= &#3 +23 +2373, *) %(=%))3#3($3E ;3(=3# =*7%(&+%*(E ,"))3#%(;E

,"%$%=3E #3,%,+&($3E 7&=(3,,hE 92%/3 *( +23 *+23# 2&(= %, +23 ,+#";;/3 +*

$#3&+3 & ,>&$3 923#3 %+ %, >*,,%./3 +* ,&A &(= =*E & ,>&$3 923#3 +23 @*%$3

*) +23 &"+2*# &(= +23 &$+*#, 9%( .&$H +23%# /*,+ @&/%=%+AB C(= )%(&//A G%==3//

,$#"+%(%,3, +* +23 (+2 =3;#33 +23 $"#&+%@3 >*93#, *) $#3&+%*(E .*+2 )*#

$#3&+*# &(= >"./%$d +23 73&(%(; *) +23&+#3 @%,?&?@%, /%)3E &#+ @%,?&?@%, +239*#/=B F"+ /3+ ", $*(,%=3# +23,3 *(3 .A *(3B

G3+O, ;*E U/%&E G3+O, ;*

5( ,>3&H%(; *) +2%, >/&A 5 +2%(H +2&+ 023H2*@O, 34#++ 7(12+#1 >#*@%=3, ",

9%+2 & /3%+7*+%@E +23 >/&A %( 92%$2 G%==3// $*(+37>/&+3, 23#,3/)E )%(=, %(,>%?

#&+%*( &(= ,">>*#+B N3>3&+3=/A +23 &$+#3,,3, D"*+3 ,(%>>3+, &(= =%&/*;"3,

)#*7 +23 >/&AE *)+3( 2%==3(E ,$&#$3/A #3$*;(%,&./3E &, %) +23 &"+2*# 9&(+3=

+* /3&@3 +%(A $#"7., +2#*";2*"+ +23 9*#HB

C/#3&=A %( +23 )%#,+ ,$3(3E G%==3// ;3+, ,+#&%;2+ +* +23 >*%(+ .A ,2*9%(; +23

)#&739*#H +2&+ ,2&>3, +23 ,+#"$+"#3 *) +23 9*#H` +2#33 #3&/ 9*73(E T3+,3?

7&(%E G*/& &(= G%==3// 23#,3/) ,>3&H >3#,*(&//A *) +237,3/@3, &(= +23%#

#3/&+%*(,2%> 9%+2 /*@3B i,%(; +23 )%#,+ >3#,*( +23A +3// +23%# *9(E @3#A %(+%?

7&+3 3I>3#%3($3,B F"+ ,*73+2%(; %, (*+ D"%+3 #%;2+E +23%# &++%#3 %, "(3I?

>3$+3=` )3,+%@3 )/*"($A =#3,,3,E +23 +A>3 *) =#3,, 9*#( .A A*"(; )%)+33(?A3&#?*/= !3I%$&( ;%#/, 923( >#3,3(+3= %( ,*$%3+AE *# %+ $*"/= 3@3( .3 &

=#3,, )#*7 +23 (%(3+33(+2 $3(+"#AE ,*73+2%(; +2&+ =#&9, ", .&$H %(+* +23

!"#$%& %( )*"# &$+, YZj



>&,+E & $*,+"73 ",3= +* =#3,, & $2&#&$+3#E %( +2%, $&,3 U/;&E !&,2& &(=

5#%(&E +23 9*73( %( 023H2*@O, >/&AB 12#33 =*9(?&+?233/ !",$*@%+3, &$+ &,

%) %( !*,$*9E #3>/%$&+%(; +23 7&((3#,E =3>*#+73(+ &(= ,*$%&/ /%)3 *) +23$&>%+&/E 923( +23A &#3 #3&//A %( & >#*@%($%&/ +*9(B

U( ,+&;3 93 ,33 +2#33 $2&#&$+3#, =3+3#7%(3= +* #3$#3&+3 & !3I%$&(

$&(+33(E 9%+2 & !3I%$&( ,+A/3 *) /%)3 L.33#E +3D"%/&E 7&#%&$2%, &(= +*D"3,ME

>#3+3(=%(; +* /%@3 & /%)3 +23A =3,%#3 &(= =* (*+ 2&@3B 123 *(/A $2&(;3 %,

)#*7 4G3+ ", ;* +* !*,$*9< %( +23 9*#H *) 023H2*@E +* 4G3+ ", ;* +*

!3I%$*< %( +23 9*#H *) G%==3//B J#*7 +23 kl 0 N",,%&( .*"#;3*%, ,*$%3+A 93

>&,, *@3# +* +23 93,+3#( 7%==/3?$/&,,E >*,+?*>"/3(+ ,*$%3+A *) +23 >#3,3(+B

123 =%3 %, $&,+` +23 @3#&$%+A *) +23 $2&#&$+3# &(= +23 ",3 *) +23 )%#,+ >3#,*(

%( +23&+#3d &(= +23 >&#&//3/ ;&73 .3+933( +23 9*#H *) 023H2*@ L+#&=%+%*(&/

+23&+#3 *( +23 *(3 2&(= &(= >*/%+%$&/ ,%+"&+%*( *( +23 *+23#ME &(= +23

>#3,3(+ L#3>#3,3(+3= .A +23 $*(+37>*#&#A +23&+#3 *) G%==3// &(= +23

&>>#*&$2 *) +23 &#+%,+ +* !3I%$*MB K*@3#%(; *@3# &// +2%, %, +23 )%;"#3 *) &

9*7&(E +23 kl+2 $3(+"#A N",,%&( 9*7&( &(= +2&+ *) +23 >#3,3(+ =&A %(

6>&%( &(= %( !3I%$*E &// )&$%(; "> +* =32"7&(%V%(; 9*#H ,%+"&+%*(, &(=%(=%))3#3($3 %( & 9*#/= #"/3= .A 73(B

5( & +23&+#%$&/ ,3(,3 %( +2%, )%#,+ ,$3(3 +23 =3$/&#&+%*( *) >#%($%>/3, %, $/3&#`

+2#33 >3*>/3 4&#3< *( ,+&;3 &(= (*+2%(; 2&>>3(,? +23A =#%(HE +23A ,7*H3

&(= +23A /3+ +%73 ;* .AB 123 ,$3(3 %, /*(; 9%+2*"+ &(A &>>&#3(+ &$+%*(E

+%73 >&,,3,B 123#3 %, & 2&/+E (*+2%(; =*%(;E ^",+ .3%(; +23#3B 123 (3$3,,&#A

>&$+ .3+933( ,>3$+&+*# &(= +23&+#3 +2&+ 7&H3, )%$+%*( &(= #3>#3,3(+&+%*(

>*,,%./3 =*3, (*+ 2&>>3( %773=%&+3/AB C(= +2%,E +23 &"+2*# &>>3&#, +* .3,&A%(;E 2&, (*+2%(; +* =* 9%+2 3(+3#+&%(73(+ *# +23 $"/+"#&/ %(=",+#AB

P3 2&@3 ,33( +2%, @3#A ,&73 #3&$+%*( %( *+23# $*(+37>*#&#A 9*#H, 923#3

+23 $2&#&$+3# 2&, =%,&>>3&#3= &(= *(/A +23 &$+*# #37&%(,B F"+ %( +2%, ,$3(3

93 ,33 +23 &$+#3,,3, +*"$2 &(= /**H &+ +237,3/@3, )#*7 +23 $2&#&$+3#B

P%+2*"+ +23 ,>3$+&+*# .3%(; $*(,$%*",E *# 7&=3 &9&#3 )#*7 +23 +3I+E &)+3#

+23%# %(+%7&+3 &(= >3#,*(&/ .3;%((%(;E +23 >3#)*#73#, &#3 %( +23%# #*/3` /%H3

+2#33 N",,%&( ,%,+3#, &.&(=*(3= +* +23%# )&+3B C =3)*#73= #3>#3,3(+&+%*(*# *(3 +2&+ %, &=&>+3= +* $*(+37>*#&#A /*(3/%(3,, 923#3E &, %( +23 #3,+ *)

+23 9*#HE $2&#&$+3# &(= &$+*# &#3 7"==/3= &(= 7%I3= +*;3+23#B

YZm -&./* 0&#"&(&



5/ A & b ^*"#,E /n2*773 D"3 Ô&%73 7O& D"%++\3L,'/+"# +IA"(1+E 6*>2%3 0&//3E oppYM

123 ,3$*(= >&#+ *) +23 >/&A .3;%(, 9%+2 & 9*#HE +23 ;3#7 *) 92%$2 9&,

&/#3&=A ,33( %( +23 F&#$3/*(& J3,+%@&/ G- 8$ <'&4+ 1$/=$?+ LP%/= 8%;2+ME

923#3 %+ 9&, >#3,3(+3= "(=3# +23 (&73 *) B+)+&($ Le3(%$3MB 5( +2%, >&#+E

G%==3// )*//*9, +23 7*,+ $*(+37>*#&#A >&#&73+3#, *) $*(,+#"$+%*(B

6+&#+%(; *)) )#*7 45< &(= $2**,%(; +23 ,+#"$+"#3 *) & =%&#AE G%==3//E

#3$*"(+, +23 2*##%./3 &(= =3@&,+&+%(; >#*$3,, *) +23 .#3&H?"> *) & #3/&?

+%*(,2%> +2&+ ,23 3I>3#%3($3= *( & )39 @3#A $*/= ,*/%+&#A =&A, %( +23 5+&/%&(

$%+AB 123 =%&#A %, 7&=3 &;&%(,+ & .&$H;#*"(= *) >%$+"#3, +2&+ +23 &#+%,++&H3, )#*7 +23 +3/3@%,%*( %( 23# 2*+3/E ,2*9%(; +23 5,#&3/% .*7.%(; *) +23

T&V& ,+#%>B G%==3// $*(+#&,+, 23# %(+%7&+3 &(= ,3(+%73(+&/ ,"))3#%(; 9%+2

+23 ,"))3#%(; *) & >3*>/3 92* )#*7 +23 kj+2 *) :3$37.3# "(+%/ +23 km+2 *)

W&("&#A ,"))3#3= +23 .#"+&/%+A *) 92&+ +23 5,#&3/%, $&//3= 4U>3#&+%*( F/*9(

J",33#,*(&/ +&/3 %, *(3 *) &.,*/"+3 %(+%7&$AE 923#3 7*=3,+A 2&,

(* >/&$3E 923#3 (&H3=(3,, %, $*7>/3+3 &(= 3I2%.%+%*(%,+E 923#3 %($*7?

73(,"#&./3 ,"))3#%(; 373#;3, %( $*()/%$+ 9%+2 +23 &.,*/"+3 2*##*# *) =3&+2

*#;&(%V3= .A +23 #"/%(; >*93#,B 6"))3#%(; %, 3,+&./%,23= &, +23 "(%@3#,&/

/&9 +2&+ 7*@3, +23 9*#/= &(= +23 &#+%,+ )%(=, 23#,3/) =3)3($3/3,, &(=

9#&$H3= 9%+2 ,*##*9E 92%$2 7*#3*@3# >#3@3(+, 23# )#*7 .3%(; &./3 +*

"(=3#,+&(= &(= ,2&#3 +2&+ 92%$2 &#%,3, )#*7 2"7&(E >*/%+%$&/ %(^",+%$3B

5+ %, +2%, >&#+E .&,3= *( >3#,*(&/ #3$*#=, &(= &"=%*@%,"&/,E 92%$2 ,2*9, %+,

%(=3.+3=(3,, +* & $3#+&%( 7&((3# *) $*7>*,%(; &/#3&=A 3,+&./%,23= *( +23

$*(+37>*#&#A ,$3(3B J*# 3I&7>/3E ,'"/+"# +IA"(1+E & >%3$3 %( 92%$2

J#3($29*7&( 6*>2%3 0&//3 +2#*";2 23# =%&#A &(= & ,3#%3, *) >2*+*;#&>2,

+3//, *) 23# ^*"#(3A +* W&>&( &(= &+ +23 ,&73 +%73 23# .#3&H?"> 9%+2 23#

/*@3#B 0/*,3# %( +%73 %, +23 3I&7>/3 *) +23 >2*+*;#&>2, *) 8%$2*/&, 8%I*(E

8&( T*/=%(E 3+$B G%==3// &/%;(, 23#,3/) 9%+2 +2%, 7&((3# *) $*7>*,%(; +23

>#3$%,3 9*#= &(= #%+"&/ &$+%*(, >#3,3(+ %( >#3@%*", 9*#H,` 3/373(+, +2&+

.3,+*9 & ;#3&+3# &%# *) (&+"#&/(3,, *( ,+&;3 &(= &$2%3@3 ;#3&+3# $&#(&/%+A

9%+2 +23 ,>/3(=%= 40"7 =3=3#%+<E >/&A3= &(= ,"(; .A -&" =3 8"+B

123 ,$3(3 $/*,3, 9%+2 G%==3// +3//%(; ", *) 23# ,3I"&/ $*(+&$+, *@3# +23

5(+3#(3+E )#*7 92%$2 ,23 ;3+, (*+2%(; 7*#3 +2&( =3,>&%#B C ,$3(3 *) >&%()"/ &(= "($*7)*#+&./3 %77*=3,+AE %( 92%$2 +23 7&(E +23 7&$2*E %,

=3>%$+3= &, & ,3I"&/ >#3=&+*#E &, &( 3;*%,+%$&/ .3%(; %( ,3&#$2 *) >/3&,"#3

!"#$%& %( )*"# &$+, YZl



&(= )*# 92*7 9*7&( %, & 73#3 %(,+#"73(+B C +2373 +2&+ #"(, +2#*";2*"+

+23 >%3$3B G%==3//O, +23&+#3 &$$",3, &(= +23 7&/3 =*3, (*+ $*73 *"+ *) %+

93//B

F"+ %( +2%, 9*#H G%==3// =*3, (*+ &>>3&# ,%7>/A $*(+3(+ 9%+2 +23 %7>&$+E

+23 3(*#7*", )*#$3 *) 4+#"+2< *) +2%, 7&((3# *) .32&@%*"#B C $*23#3(+

7&((3# &(= *(3 $2&#;3= 9%+2 .&/&($3= &(= $&#3)"//A 9*#H3= 3+2%$&/

93%;2+E ."+ )#*7 92%$2 *(3 $&((*+ @%39 +23 92*/3 >&(*#&7&B 5( *+23#

9*#H, .A G%==3//E >3#2&>, (*+ &/9&A, 9%,3/AE *(3 &/,* $*()#*(+3= +2%, %(+%?

7&+3E %77*=3,+ ,+#3&HE >3#,*(&/ &(= #3$H/3,,E 9%+2 >*/%+%$&/ &(= ,*$%&/

%(^",+%$3B 633 8+1(')+1 LG3,%*(,M LoppYME *# *(3 *) 23# /&+3,+ >%3$3, /%H3 3+

4$#J ()=+)&(./+ &') -( *+##'2$ L5 9%// 7&H3 A*" %(@%($%./3 9%+2 7A =3)3&+M

LopplMB F"+ 23#3E >) /$ &$1$ *+ /$ :"+#;$ E G%==3// +&H3, +2%, $*()#*(+&+%*(

.3+933( %(+%7&+3 &(= ,*$%&/E .3+933( 7%$#* &(= 7&$#*E *(3 ,+3> )"#+23#

+*9&#=, &$+%*(B

-#3)3#&./3 +* .3 &( *I

C)+3# +9* =&VV/%(; >*> ("7.3#, )#*7 G& U#3^& =3 e&( T*;2 L92*&((*"($3 +2&+ ,3(+%73(+&/%+A %, >3#7%++3= *( ,+&;3M &(= &;&%(,+ & >%(H?

+%(;3= .&$H=#*>E +23 +2#33 &$+#3,,3, &(= +23 >%3$3 3(+3# +23 9*#H%(;

9*#/=B P*#H +2&+ 2&, @&#%*", )&$3+,` 9*#H %( & >*,+ *>"/3(+ &(= %=/3 ,*$%3+A

&, & ,&/"+&#A /3,,*( &(= 3+2%$&/ >*,%+%*(E 9*#H &, & ,3(+3($3 =#3,,3= %(

0&/@%(%,+%$ @%#+"3 &(= 9*#H $&>&./3 *) 7&H%(; ", )*#;3+ *"#,3/@3,E +2&+

.3$*73, &( *.,3,,%*(E ."+ &+ +23 ,&73 +%73 .#%(;, ", )&$3 +* )&$3 9%+2 +23

$&#(&/ 3,,3($3 +2&+ 93 &#3 7&=3 *)B 12#33 )&$3, +2&+ *>3#&+3 .*+2 9%+2 +23

4023H2*@%&(< #3)3#3($3 *) +23 9*#HE 9%+2 +23 >3#,*(&/ 2%,+*#A *) %+,

$#3&+*# L92* %, ,".73#;3= %( +23 9*#/= *) +23 ;A7 &(= >2A,%$&/ 3I3#$%,3

+* )%;2+ &;&%(,+ %(=%))3#3($3 &(= =3,>&%#ME &(= 9%+2 +23 ,3&#$2 )*# 3+2%$, *(

,+&;3E *) & 7&((3# *) .3%(; &./3 +* ,&A &(= .3B

5( +2%, ,3$*(= >&#+E &$$*7>&(%3= .A +23 .3,+ /%;2+%(; 3))3$+ 5 2&@3 3@3#

,33( %( +23 +23&+#3 L&( &$$*7>&(A%(; >*3+%$ /%;2+ *) .#%;2+(3,, &(= =&#H?

(3,, 92%$2 *(3 $&( /**H +2#*";2E )%(%,2%(; %( & =3,>&%#%(; 7**(/%+ (%;2+ME

+23 &$+#3,,3, +&H3 *( &( 3(*#7*", >2A,%$&/ 3))*#+B 123A 7*@3 &( %()%(%+3

("7.3# *) ,*)&,d "(+%#%(;/A /%)+ 93%;2+, &(= )%(&//A 37>+A +*(, *) $*&/ )#*7+23%# >*$H3+, +* 7*@3 +237 /&+3# %( ,2*@3/?/*&=, +2#33 7%,3#&./3 73+#3,

)"#+23#B -2A,%$&/ 3))*#+ &(= +%73E 9*#H &(= ,>&$3E +%73 &(= 7",$/3 )#*7

Yjp -&./* 0&#"&(&



/*,+ 9*73(E 92* >/&A %( +23 %(+3#/"=3, /%H3 $2%/=#3(E 92* /**H )*# 3&$2

&(*+23# &(= =#3&7 *) ;*%(; .&$H +* 9*#HE *) .3%(; =3@*"#3= .A 9*#HB C(=

&// +23 92%/3 +23 &$+#3,,3, $&##A%(; *"+ %(2"7&(3 +&,H,E 92* ,>3&H +* ", %(=3+&%/ *) +23 >#3>&#&+%*(E =3=%$&+%*( &(= +23 3+2%$, 9%+2 92%$2 +23A &//

+&$H/3 +23&+#%$&/ 9*#Hh U) & 7&((3# *) "(=3#,+&(=%(; &#+ &(= /%)3B 1&H3(

&, & 92*/3E &// +2%, >#3>&#3, +23 9&A )*# +23 /&,+ ,$3(3 *) +2%, ,3$*(= >&#+

&(= >3#2&>, *(3 *) +23 7*,+ $*(@%($%(; *) +23 3(+%#3 9*#HB

5( +23 ,$3(3 *) +23 ,2*@3/,E &)+3# ,3@3#&/ 7%("+3, *) ,%/3($3 &(= 9*#HE 9%+2

&( &"=%3($3 +2&+ %, .39%/=3#3= ."+ $*7)*#+&./A ,3&+3=E 93 ,33 2*9 +9* *)

+23 &$+#3,,3, =%3 ."#%3= "(=3# +23 $*&/B 123 =",+ )#*7 +2%, ,3=%73(+&#A

#*$H #%,3,d +23 /%;2+, &$$*7>&(A%(; +23 7%#&$/3 $#3&+3 & $2%&#*,$"#* 3))3$+

*) & 7**(/%+ (%;2+ &(= 5#%(& L.3$&",3 23#3 +23#3 &#3 (* &$+#3,,3,E 5#%(& %,

23#3E +23 7%#&$/3 *) +23&+#%$&/ $*(+%("%+A 2&, .33( 7&=3 )/3,2ME $#%3, 45

$&(O+ ;* *( &(A /*(;3#h< 12%, 7&#H, +23 .3;%((%(; *) *(3 *) +23 7*,+

+23&+#%$&/ ,$3(3, L%( +23 ,3(,3 *) +23 +23&+#3 &, & #3>#3,3(+&+%@3 &#+E &,

)%$+%*( *( ,+&;3M +2&+ *(3 2&, 3@3# ,33(B 123 9*#=, +&H3 ", .A ,"#>#%,3B 123

,$3(%$ ,>&$3 %, +#&(,)3##3= +* &(*+23# 9*#/=E *(3 *) )%$+%*( &(= )&(+&,AE ."+

#3&/E ,* #3&/ %+ 2"#+,d &(= 5#%(& +2&+ 9*7&( $#3&+3= .A 023H2*@ %( +23 )%#,+

A3&# *) +23 +93(+%3+2 $3(+"#A #&%,3, 23# @*%$3 %( +23 ok,+ $3(+"#A &(=,2*"+, 23# 9*#=,E +2*,3 92%$2 +23 &"+2*# *) i($/3 e&(A& ;&@3 23#` 4P3

9%// (3@3# ;* +* !3I%$* LhM 5 =*(O+ "(=3#,+&(= 2*9 5 &7 ,+%// &/%@3E 2*9 5

2&@3(O+ H%//3= 7A,3/)h>3&# )#*7 +23 9%(;,

&(= >%$H "> +23 6>&(%&#=,B -%(H $#*,,3, #37&%( %( +23 ,>&$3E 3/373(+, +2&+

,A7.*/%$&//A "(%+3 +2#*";2 =3&+2 +2%, ,3$*(= >&#+ *) +23 >/&A 9%+2 +23

+2%#= &(= )%(&/ &$+B

!&#%&E -3#/& A 0%(+2A&

J#*7 02%2"&2& +2#33 *+23# 9*73( &##%@3` !&#%&E -3#/& &(= 0A(+2%&B C(=

23#3 93 &#3 (* /*(;3# %( +23 9*#/= *) 023H2*@E ."+ )&$%(; +23 7*,+ &.#">+

#3&/%+A *) & $*"(+#A ,".73#;3= %( @%*/3($3B e%*/3($3 +2&+ %, 3,>3$%&//A

@%$%*", &;&%(,+ 9*73(` @%*/3($3 ,+377%(; )#*7 & 7&$2*E $*##">+ ,A,+37

+2&+ 7&H3, %+, %(2&.%+&(+, /%@3, %( )3&#E +2&+ H%//, %(=%,$#%7%(&+3/AE +2&++&#;3+, 9*73( 9*#H%(; *( &,,37./A /%(3,E 92* 3(= "> %( +23 ;"++3#, 9%+2

+23%# H(%$H3#, &#*"(= +23%# &(H/3,B

!"#$%& %( )*"# &$+, Yjk



C)+3# 7*#3 +2&( +2#33 2*"#, *) & $*7>/3I &(= @3#A 3/&.*#&+3 >#*="$+%*(

*( ,+&;3 +23 >#*./37 %, 2*9 +* =3&/ (*9 9%+2 +2%, *+23# #3&/%+A %( +3#7, *)

,+&;%(;B G%==3// *>+, )*# &( %(+3//%;3(+ ,*/"+%*(d .A ,%7>/A ;%@%(; %+ @*%$3B C,7&// #%+"&/ >#3$3=3, +2%,B 123 93,+3#( 9*73( 9&,2 +23 )33+ *) +23

!3I%$&( &$+#3,,3,B C)+3# 92%$2E #3,*#+%(; +* & +23&+#3 $/*,3 +* &(+2#*>*?

/*;%$&/ *# =*$"73(+&#A +23&+#3 L",%(; +23 +3#7, 37>/*A3= .A +23 +&I%=3#?

7%,+, *) +23&+#3M 93 23&# +23 @*%$3, *) +23,3 +2#33 &$+#3,,3, +3// *) +23%#

/%@3,E +23%# +#"3 +&/3, *) 2*##*# &(= )3&#B 123 +3,+%7*(%3, &#3 &$$*7>&(%3=

.A ,%7>/3 /%++/3 "(*.+#",%@3 .%*73$2&(%$&/ &$+%*(,B 12%, %, +23 ,+#";;/3

&;&%(,+ +23 >3#@3#,%*( *) $*(+37>*#&#A %()*#7&+%*(E =32"7&(%V3=E

7&(%>"/&+3=E &/7*,+ &/9&A, ./"##3=E ,%/3(+B U( ,+&;3 +23 @*%$3, &(= +3,+%?

7*(%3, *) !&#%&E -3#/& &(= 0A(+2%& #37&%(B

G&+3# 93 &++3(= & #%+"&/ +9%((%(; &$+E /3(;+2A &(= #3/&I3=E %( 92%$2 & )/*#&/

&(= 7",%$&/ +#%."+3 *))3#, ", 9%+2 "(&,2&73= )#33=*7E &/7*,+ /%H3 &

=#3&7E +23 2*>3 *) & .3++3# 9*#/=B C ,$3(3 +2&+ $*"/= 3&,%/A .3 ="..3= &,

4%(,%>%=<E ./&(= *# ,3(+%73(+&/B F"+ G%==3//O, 9*#HE 92%/3 %+ &//*9, )*# +2%,

,>&$3 *) >3&$3 &(= &))3$+&+%*( %( +2%, >%3$3E %, #3$*;(%,3= )*# %+, ,+#";;/3E

%+, .&++/3 &(= %+, 4)%,+, *) T*=&+3= 7&((3# *) ,>33$2 "(+A>%$&/ *) G%==3//#3+"#(,E ."+ 9%+2 & !3I%$&( @*%$3B 123 &$+#3,, =#3&7, *) +23 9*#/= %( +9*

*# +2#33 2"(=#3= A3&#,O +%73B W",+ &, e3#,2%(%( =%= %( 023H2*@O, 9*#HB F"+

,23 %7&;%(3, & #&$3 *) 93&H3(3= 73(E +23 >#*="$+ *) %(+3#7%(&./3 %($3,+

#"/3= .A & ,"$H/%(; W*$&,+&B 6*+3#%*/*;%$&/ i$2#*(%& +2&+ )#*(+&//A &++&$H,

7&(E *# &+ /3&,+ & >#3@&%/%(; %=3& *) 7&(E 923#3.A +23 9*7&( $*(+%("3, +*

.3 @%/%)%3=E ",3= &(= "(=3##&+3=B

123 =#&7&+"#;A %, +2", 3(+9%(3= L023H2*@ )%#7/A @%,%./3E & =37*(,+#&+3=

)#33=*7 *) #3;%,+3#, &(= +23&+#%$&/ )*#7,E +23 >*,,%.%/%+A *) +#"+2 >#3,3(+

*( ,+&;3E +23 >&,,&;3 )#*7 +23 >3#,*(&/E +23 %(+%7&+3 +* +23 >*/%+%$&/M A3+

3@3( +23( +23 )33/%(; %, *(3 *) ,&=(3,,E *) +%#3=(3,, +2&+ +&,+3, *) %7>*?

+3($3B 123 #3>/A +* 92&+ %, +23 >"#>*,3 *) &#+ 2&(;, *@3# +23 >%3$3 9%+2*"+

.3%(; #3,*/@3=E ."+ 93 2&@3 +23 ,3(,&+%*( *) 2&@%(; $*73 )&$3 +* )&$3 9%+2

*"# *9( *.,3,,%*(,E 9%+2 +2&+ 92%$2 93 =* (*+ 9%,2 +* ,33 %( *"# =&%/A

/%@3,E 923#3 93 #3^3$+ ;*%(; +* .&++/3E &(= &$$3>+ 2&@%(; ,7&// &(= $*"(+?

/3,, =3&+2,B G%==3//O, &#+ %, /%H3 & .%+$2 $2&#;3= 9%+2 & )%/+2A +&,HE +2&+ *)

#37%(=%(; ", +2&+ 93 &#3 (* 7*#3 +2&( ,+#";;/3 &(= =3,%#3E *) /%)+%(; +23/%= *)) 92&+ 93 9&(+ +* =%,;"%,3E *) $*@3#%(; %+ "> "(+%/ %+ .3$*73, +#&(,?

)*#73= %(+* & /%3` 923#3 %, /*@3 %( *"# /%@3,E 923#3 %, *"# $&>&$%+A +* #3&$+

Yjo -&./* 0&#"&(&



+* %(^",+%$3E 92&+ $&( 93 =* 9%+2 +23 )33/%(; *) /*,, &(= )&%/"#3 +* 92%$2

93 &#3 $*(=37(3=R

G%==3// .#%(;, +*;3+23# %( +2%, 9*#H &// +23 9%,=*7 *) +23 >/&A, ,23 2&,

.33( 9#%+%(;E =%#3$+%(; &(= >3#)*#7%(; )*# )%)+33( A3&#,d &(= .#%(;, +23&+#3

+* & ,+#&(;3 &(= >&#+%$"/&# >/&$3 923#3 +23 /%)3 *) +23 &#+%,+E *"# /%@3, &(=

&#+ %(+3#$*((3$+ &(= +",,/3 9%+2 *(3 &(*+23#B C >/&$3 923#3 )%$+%*( %,

7%I3= "> %( & (39 9&A 9%+2 #3&/%+A &(= %( 92%$2 *(3 ,+%// 2*>3, +2&+ &#+

$&( #3&//A $2&(;3 *"# /%@3,B

C, 5 9#%+3 +23,3 /%(3, +23 $*7>&(A 7",+ .3 >#3>&#%(; )*# %+, >3#)*#7&($3

&+ +23 J3,+%@&/ *) C@%;(*(E 923#3 G%==3// )*# +23 )%#,+ +%73E &/+2*";2 (*9

;&%(%(; #3$*;(%+%*( %( J#&($3 ]7*#3 +2#*";2 23# +3I+,] %, >#3,3(+%(; 23#

*9( 9*#H +* & )3,+%@&/ *) +2%, ,%V3 &(= %7>*#+&($3 %( _"#*>3B C )"+"#3

&9&%+,B

1#&(,/&+3= .A` -3(3/*>3 _&=3,B

!"#$%& %( )*"# &$+, YjY





!"#$#%&# #$(#)*+,&-./0*-1 !*2/+

3%&"/4*))-5%

6,7 *%, $-&*,)-5% 8*# $# "#(-&# )/% "#9*+,"-4,4 )*,%4/ %/$ 2*%&,1/$ +/$$#9*-4/"#$ 4# *%, )-#"&, 1,%#", 4# #%&#%4#" +, #$)#%, 7 :*$),1/$ *%,42#&-./ ,4#)*,4/ (,", ),&#9/"-;,"+,< =+9*%/$ ("/(/%#% >%*#.,$ 4",1,?&*"9-,$@A )/1/ #+ B#1-%,"-/ 4# C*")-, ,+"#4#4/" 4#+ )*,+ 9-", #$&, (*:+-?),)-5%A 1-#%&",$ 8*# /&"/$ +/ ++,1,% >,"&#$ #$)D%-),$ )/%&#1(/"E%#,$@ /

:-#% >,"&#$ #$)D%-),$ #1#"9#%&#$@A #%&"# 1*+&-&*4 4# /&"/$ #(F&#&/$< B-%

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

K# &/4,$ 1,%#",$A %/ 4#2, 4# ++,1," +, ,&#%)-5% 8*# >%*#./@A >)/%&#1?(/"E%#/@ 7 >#1#"9#%&#@ $#,% &"#$ ),+-H-),&-./$ )/% *% 1,"),4/ ),"E)&#"&#1(/",+< I% #+ &#L&/ 8*# $-9*# #$&*4-,"#1/$ +,$ -1(+-),)-/%#$ 4# #$&#(/$-)-/%,1-#%&/ "#$(#)&/ ,+ &",%$)*"$/ 4#+ &-#1(/ )/% +, #$(#",%;, 4#,""/2,"A %- 8*# $#, 4# H/"1, &#""-:+#1#%&# (,")-,+A ,+9/ 4# +*; $/:"# +,$4-%E1-),$ 8*# $# #$)/%4#% &",$ #$&,$ >%*#.,$ 4",1,&*"9-,$@<

M*#./A )/%&#1(/"E%#/ 7 #1#"9#%&#

N/1/ G#1/$ 4-)G/A &,%&/ >%*#./@ )/1/ >)/%&#1(/"E%#/@ / >#1#"9#%&#@-1(+-),% *% )-#"&/ (/$-)-/%,1-#%&/ &#1(/",+< O/ >%*#./@ G,)# "#H#"#%)-,



, ,+9/ 8*# G, ,(,"#)-4/ 4# H/"1, "#)-#%&# 1-#%&",$ 8*#A 4# H/"1, $-1-+,"A+/ >#1#"9#%&#@ 4#%/&, *% /:2#&/ 8*# %/ $5+/ G, $*"9-4/ G,)# (/)/A $-%/

8*# )/%&-#%# 4# H/"1, -1(+F)-&, *%, ("/1#$, 4# )/%&-%*-4,4 7 )"#)-1-#%&/#% #+ H*&*"/< P-%,+1#%&#A +/ >)/%&#1(/"E%#/@A #% $* $#%&-4/ #$&"-)&/A G,)#"#H#"#%)-, , ,8*#++/ 8*# $# )/""#$(/%4# )/% #+ ("#$#%&#< N/1#%)#1/$ (/"4#&#"1-%," +/$ +F1-&#$ 4# #$&, &#"1-%/+/9F,<

I% ("-1#" +*9,"A +/$ ,42#&-./$ >%*#./@ 7 >#1#"9#%&#@ "#$*+&,% ("/:+#1E?&-)/$ (/" *% 1-$1/ 1/&-./ #% +, 1#4-4, #% 8*# )/-%)-4#% (,")-,+1#%&#<B#9Q% #+ 4-))-/%,"-/ 4# +, R#,+ =),4#1-, I$(,S/+,A +/ >#1#"9#%&#@ #$ ,+9/8*# >%,)#A $,+# 7 &-#%# ("-%)-(-/ 4# /&", )/$,@ 7 (/" #$/ -1(+-), *% )-#"&/9",4/ 4# >%/.#4,4@<

I$&# $*(*#$&/ ),"E)&#" -%%/.,4/" $# (*#4# )*#$&-/%," (/" .,"-/$ 1/&-./$<

N/1/ 4#)F, TG/1,$ 4# 0*-%)#7 >%/ #L-$&# +, %/.#4,4A $-%/ #+ /+.-4/@< I$

4#)-"A &/4/ $# G, G#)G/ 7, 7A $- ,+9*%, .#; ,+9/ %/$ ("/4*)# *%, $#%$,)-5% 4#

%/.#4,4A $# 4#:# , 8*# -9%/",1/$ 8*# ,+9/ $-1-+," 7, /)*""-5 #% #+ (,$,4/<

!/" /&"/ +,4/A )/1/ 7, G# 4#H#%4-4/ #% /&"/ +*9," U!*2/+A VWWXJYVZ[A #+

,"9*1#%&/ 4# +, %/.#4,4 "#$*+&, (#+-9"/$/< B- :-#% #$&# ,42#&-./ &-#%# *%H*+9/" -""#$-$&-:+# (,", #+ $#" G*1,%/ \(/" #$/ $# #1(+#, G,$&, +, $,)-#4,4#% +/$ ,%*%)-/$?A +/ %*#./ %/ -1(+-), %#)#$,"-,1#%&# +/ :*#%/ %- +/ (#"&-?%#%&#< !/" (/%#" *% #2#1(+/ "-$-:+#A ,+9*-#% (*#4# $#" #+ ("-1#"/ #% 4,"*%, ./+&#"#&, 4-$H",;,4/ 4# ]*$&,./ =4/+H/ ^D)8*#"A (#"/ #+ ),"E)&#">-%%/.,4/"@ 4# #$&, ,))-5% %/ +# )/%H-#"# %#)#$,"-,1#%&# -%&#"D$ ,+9*%/<

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

&*)-/%#$ 7 ("/9",1,4/"#$< K#+#9," #$&, "#$(/%$,:-+-4,4 #% *%, $*(*#$&,-%#.-&,:-+-4,4 G-$&5"-), (,"#)# *% #L)#+#%&# ("-1#" (,$/ (,", /:&#%#" #+"#$*+&,4/ )/%&","-/<

_à 0*-1 !*2/+



I$&,$ >%*#.,$ 4",1,&*"9-,$@ $# 4#%/1-%,% &,1:-D% #% /),$-/%#$ >,"&##$)D%-)/ )/%&#1(/"E%#/@A *%, #L("#$-5% 4/%4# $# $*$&-&*7# +, ("/1#$, 4#

*% H*&*"/ 8*# ,),:, 4# 1,&#"-,+-;,"$# U+/ %*#./[ / )*7,$ :,$#$ $# #$&E%,$#%&,4/ U+/ #1#"9#%&#[A (/" +, (#"&-%#%)-, 4#+ ("#$#%&#A 7, 8*# +/ )/%&#1?(/"E%#/ 9,",%&-;, $* )/""#$(/%4#%)-, )/% +, D(/), #% +, 8*# .-.-1/$<

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

=$F (*#$A b8*D #$ #$, )*,+-4,4 &,% -%,$-:+# , +, 8*# G,)#1/$ "#H#"#%)-,)*,%4/ -%./),1/$ +, >%/.#4,4@A +, >#1#"9#%)-,@ / +, >)/%&#1(/",?%#-4,4@cA b8*D #$ #$/ 8*# &-#%# 8*# .#" )/% #+ &",%$)*"$/ 4#+ &-#1(/ 7 G,)#

"#H#"#%)-, &,%&/ ,+ H*&*"/ )/1/ ,+ ("#$#%&# , +, .#; 8*# %/ $# #%)*#%&", #%%-%9*%/ 4# #$&/$ $-&-/$c

K#:#1/$ ,)+,"," 4# -%1#4-,&/ 8*# %/ 4-$(/%#1/$ 4# %-%9Q% %#/+/9-$1/8*# #%),2# , +, (#"H#))-5% )/% #+ #$(F"-&* 4#+ !"#$%&'$( *" %+",&- *'&#&.

/+'0$&- *" 1+'2$& 7 8*# $-"., , (,"&-" 4# ,G/", (,", %/1:"," #$&# -%)51/4/&-(/ 4# )"#,)-/%#$< I$ 1E$A %/$ ,&"#.#1/$ , ,H-"1," 8*# %,4-# (*#4# 4," )/%*% &D"1-%/ 8*# "#$*+&# &/&,+1#%&# ,("/(-,4/< I$&/ &-#%# *%, ),*$, $#%)-++,J%/ %/$ #%H"#%&,1/$ , *% H#%51#%/ Q%-)/A $-%/ , *%, %#9/)-,)-5% )/%$&,%&#<

!,", #L(+-),"%/$A 4#:#1/$ "#)*(#"," *%, 4# +,$ 4#H-%-)-/%#$ 8*# ("/(/%#]-/"9-/ =9,1:#% 4# +/ >)/%&#1(/"E%#/@A *%, 4#H-%-)-5% 8*# $*(/%# *%9-"/ 4# YdW 9",4/$ "#$(#)&/ ,+ $-9%-H-),4/ 8*# $# ("/(/")-/%, #% +/$ 4-))-/?%,"-/$< B#9Q% =9,1:#% >O/$ 8*# )/-%)-4#% 4# *%, 1,%#", #L)#$-.,1#%&#,:$/+*&, )/% +, D(/),A 8*# )/%)*#"4,% (#"H#)&,1#%&# )/% #++,A %/ $/%)/%&#1(/"E%#/$ (/"8*#A 2*$&,1#%&# (/" #$, ",;5%A %/ )/%$-9*#% .#"+,A %/(*#4#% 1,%&#%#" $* 1-",4, H-2, #% #++,@< U=9,1:#%A VWWX[<

=$F (*#$A +, &/&,+ )/""#$(/%4#%)-, )/% *%, D(/), 4#&#"1-%,4, ),*$,"F,*%, $*#"&# 4# )#9*#", 7 (/" #$&# 1/&-./J

!"#$#%&# #$(#)*+,&-./ _``



!#"&#%#)# "#,+1#%&# , $* &-#1(/A #$ .#"4,4#",1#%&# )/%&#1(/"E%#/A,8*#+ 8*# %/ )/-%)-4# (#"H#)&,1#%&# )/% D$&# %- $# ,4#)*, , $*$

("#&#%$-/%#$ 7 #$ (/" #%4#A #% #$# $#%&-4/A -%,)&*,+e (#"/A 2*$&,1#%&#(/" #$/A , (,"&-" 4# #$# ,+#2,1-#%&/ 7 #$# ,%,)"/%-$1/A #$ 1E$ ),(,;8*# +/$ /&"/$ 4# (#")-:-" 7 ,("#G#%4#" $* &-#1(/< U=9,1:#%A VWWX[<

B-% #1:,"9/A +, .-$-5% )/%&#1(/"E%#, 4# %*#$&"/ &-#1(/A $#9Q% =9,1:#%A%/ )/%$-$&# $5+/ #% *% 1#"/ 4-$&,%)-,1-#%&/ 7, 8*# >O, )-&, 8*# #$&E #%)*#$&-5% #% +, )/%&#1(/",%#-4,4 %/ &-#%# +*9," $-1(+#1#%&# #% #+ &-#1(/)"/%/+59-)/J #$A #% #+ &-#1(/ )"/%/+59-)/A ,+9/ 8*# *"9# #% $* -%&#"-/" 7 +/&",%$H/"1,@< U=9,1:#%A VWWX[<

I$&, -4#, 4# &",%$H/"1,)-5% "#$*+&, ),(-&,+A (*#$&/ 8*# +/ )/%&#1(/"E%#/&#%4"F, +, .-"&*4 4# $*"9-" 4#+ &-#1(/ ("#$#%&# 7 +, ),(,)-4,4 4# ,+&#"," $*)*"$/< =$F (*#$A $#"F, )/1/ *% 9/+(# 4# &-15% 8*#A $- +,$ )/%4-)-/%#$,&1/$HD"-),$ +/ (#"1-&#%A (/4"F, ),1:-," #+ "*1:/ 4#+ :,")/< 6,:+,1/$,8*F 4# *%, )-#"&, (/&#%)-,+-4,4 (,", -%&#".#%-" #% #+ H+*2/ 4# +, G-$&/"-,8*# 4#:# #%&#%4#"$# (/" /(/$-)-5% ,+ 4#&#"1-%-$1/<

I$&, .-$-5% 4# =9,1:#% $/:"# +, )/%&#1(/",%#-4,4 #%)*#%&", "#$/%,%)-,$#% 4/$ &#L&/$ "#+,)-/%,4/$ )/% +, #$)#%, 4# 4-H#"#%&# 1,%#",< !"-1#"/ #+,"&F)*+/ 8*# C,"-%, ],")D$ #$)"-:-5 (,", #+ ("/7#)&/ 1"%(- 3(4(- 4# O, !/"&,4/%4# ,H-"1, 8*# >N"#," #$ ,:"-" +/$ (/$-:+#$@ U],")D$A VWWX[ 7A $#9*%4/A *%,"&F)*+/ 4# +, ,"&-$&, f+9, C#$, 4/%4# ,H-"1, 8*# +/ #1#"9#%&# >&-#%# #% $*$1,%/$ *% ("/7#)&/ 4# ),1:-/ 7 H*&*"/A ,1:-)-/$/ 7 4-HF)-+ 4# ++#.," , ),:/A)/%$*$&,%)-,+ , +, #$#%)-, 4# +, )"#,)-5%@< I% ,1:/$ ),$/$ $# "#(-&# +, -4#,4# -%)-4-" #% #+ &-#1(/ 7 &",%$H/"1,"+/ 7 #$&# ),1:-/ %/ #$ ,+9/ 8*# 4#:,

/)*""-" -%#+*)&,:+#1#%&#A $-%/ 8*# )/%$&-&*7# *% ("/7#)&/ U+/ >(/$-:+#@A ,+9/>4-HF)-+ 4# ++#.," , ),:/@[<

O+#9,4/$ , #$&# (*%&/ )/%.#%4"F, ("#9*%&,"%/$ 4# 8*D #$&,1/$ &",&,%4/#L,)&,1#%&# )*,%4/ G,:+,1/$ 4# ("#$#%&# 7 H*&*"/< N/1/ $,:#1/$A #+&-#1(/ #$ *%, ,:$&",))-5% G*1,%, 8*# (/)/ $#%&-4/ &-#%# $- %/ +, )/""#+,?)-/%,1/$ )/% %*#$&", #L-$&#%)-,<

K# #%&"# &/4/$ +/$ #2#1(+/$ (/$-:+#$A #$)/9#"D *%, )/-%)-4#%)-, ,%#)45?&-), #%&"# g/G% N,9# 7 g/,% ^"/$$, 8*# 8*-;E$ "#$*+&# "#.#+,4/", (,",#L(+-)," 4# 8*D G,:+,1/$ )*,%4/ :,",2,1/$ &-#1(/$ G-$&5"-)/$<

_`d 0*-1 !*2/+



!/" *% +,4/A #$ 4# $/:", )/%/)-4/ #+ -%&#"D$ 4#g/G% N,9# (/" +, H-+/$/HF, h#%YA 4/%4# #+

$-+#%)-/ &-#%# *%, -1(/"&,%)-, ),(-&,+< !/" /&"/+,4/A >*% (*%&/ 4# "#H#"#%)-, H*%4,1#%&,+ #%^"/$$, H*# $-#1("# #+ ;#%A 4#+ 8*# *%/ 4# $*$("-%)-(-/$ (/4"F, 4#H-%-"$# )/% *%, 4# +,$1EL-1,$ 4#+ ,*&/"J >N*,%4/ G,9,$ ,+9/A("/)*", 8*# $#, 1E$ -%&#"#$,%&# 8*# #+$-+#%)-/@@V<

CE$ ,++E 4# #$&, ,H-)-5% )/1Q%A 1# 9*$&,"F,#L,1-%," &,1:-D% *% (,",+#+-$1/ )"#,&-./< !/"*% +,4/ #$&E +, H,1/$, )/1(/$-)-5% 4# YXZV567766 4# N,9#A 4/%4# %/ $# #2#)*&, %- *%, $/+,%/&, 7 4/%4# +, (-#;, $/%/", #1,%, 4#+ "*-4/8*# G,)# #+ (Q:+-)/< K#+ +,4/ 4# ^"/$$, #$&E +,(-#;, #$)D%-), !('*.#+/ U>B/"4/1*4/@[ 4#YXi` 8*# )/%$-$&# #% *%, 1#", ,)/&,)-5%J>U=)&/ Q%-)/J B,+, :+,%8*-%/$,< !,*$,< T#+5%[@<!/" $*(*#$&/A %/ $# &",&, 4# (-#;,$ -4D%&-),$A(#"/ G,7 *% H*#"&# .F%)*+/< T,%&/ #% 567766

)/1/ #% !('*.#+/ A +/$ ,*&/"#$ #L(+/",% #+-%&#"D$ 8*# (*#4# $*$)-&," #+ $-+#%)-/ #% #$)#%,<

=$F (*#$A $# 4, *%, )/-%)-4#%)-, (,")-,+ &,%&/#% +, H/"1, 4# )/%)#:-" #+ 1*%4/ U#+ -%&#"D$(/" +, H-+/$/HF, h#%[ )/1/ #% +, 1,%#", 4#

#%&#%4#" +, #$)#%, U4/$ (-#;,$ 8*# #L(+/",% #+$-+#%)-/ 4# H/"1, ("/4*)&-.,[< M/ 1# (,"#)#,""-#$9,4/ ,H-"1," 8*# )/% &/4, ("/:,:-+-4,4+, 1,%#", 4# #%&#%4#" +, #$)#%, 4#"-., 4#+("-1#" H,)&/"J +, 1,%#", 4# #%&#%4#" #+ 1*%4/<

R#$*+&, ,+9/ -"5%-)/ 8*# #$&/$ 4/$ F)/%/$ 4# +,1/4#"%-4,4 4#+ $-9+/ jj U,*%8*# (/" $*(*#$&/

+, H,1, 4# N,9# #$ 1*)G/ 1,7/"[ $#,% 4#*4/"#$4# *%, H-+/$/HF, )*7/$ /"F9#%#$ $# "#1/%&,%%,4, 1E$ 7 %,4, 1#%/$ 8*# ,+ $-9+/ 3<

!"#$#%&# #$(#)*+,&-./ _`X

Y< k#" (/" #2#1(+/N,9#A g/G% UYXdY[J 8&'& 3(- 9:;&'(- U<(' /="4$'*-> ?(=% @&0" $%2(%,"'-&/$(% A$/= B&%$"3 @=&'3"-C < l.-+, I4-&/"#$AVWWÀ (<_d<

V< G&&(Jmmnnn<#+1*%4/<#$mVWWZmW_mYdm),&,?+*%7,mY``VV`Y<G&1+N/%$*+&,4/ #+VdmWVmVWYW<



B-% #1:,"9/A #$&/ %/ "#$*+&, &,% (,",452-)/ )/1/ (/4"F, (,"#)#" , ("-1#",.-$&,< N/1/ 1,&-;, =9,1:#%J >O, )/%&#1(/",%#-4,4 $# -%$)"-:# #% #+

("#$#%&# $#S,+E%4/+/ $/:"# &/4/ )/1/ ,"),-)/ 7 $5+/ 8*-#% (#")-:# #% +/1E$ 1/4#"%/ 7 "#)-#%&# +/$ -%4-)-/$ 7 +,$ $-9%,&*",$ 4# +/ ,"),-)/ (*#4#$#" $* )/%&#1(/"E%#/< ="),-)/ $-9%-H-),J ("5L-1/ ,+ ,")GDA / $#,A ,+ /"-9#%<!#"/ #+ /"-9#% %/ #$&E $-&*,4/ $5+/ #% *% (,$,4/ )"/%/+59-)/J #$ )/%&#1?(/"E%#/ ,+ 4#.#%-" G-$&5"-)/ 7 %/ )#$, 4# H*%)-/%," #% D$&#A )/1/ #+#1:"-5% )/%&-%Q, ,)&*,%4/ #% +/$ &#2-4/$ 4#+ /"9,%-$1/ 1,4*"/@U=9,1:#%A VWWX[<

K#2#1/$ (/" *% $#9*%4/ #+ )/1(+#2/ #%&",1,4/ 4#+ &-#1(/ (,", ./+.#" ,

+, ("#9*%&, 8*# ("#&#%4F,1/$ "#$(/%4#" )/% #+ #2#1(+/ 4# N,9# 7 ^"/$$,<bK# 8*D G,:+,1/$ #% "#,+-4,4 )*,%4/ -%./),1/$ #+ (,$,4/A #+ ("#$#%&# /#+ H*&*"/ #% %*#$&"/ 1*%4/ #$)D%-)/c

O, "#$(*#$&, #$ &,% /:.-, 8*# )/""# #+ "-#$9/ 4# (,$," 4#$,(#")-:-4,<N*,%4/ #./),1/$ #$&/$ &-#1(/$ G-$&5"-)/$ %/ %/$ "#H#"-1/$ , (#"F/4/$&#1(/",+#$ 8*# $# -%$)"-:#% #%&"# 4/$ H#)G,$ 4#&#"1-%,4,$A $-%/ , +,$)/$1/.-$-/%#$ 8*# ,$/)-,1/$ )/% #$&/$ 1-$1/$ (#"F/4/$< O, )/%&#1(/",?%#-4,4 4# N,9# 7 ^"/$$, %/ #$&"-:, #% *%, &#1(/",+-4,4 ,:$&",)&,A $-%/8*# #1,%, 4# *%, H/"1, 4-$&-%&, 4# #%&#%4#" #+ 1*%4/ U#% #$&# ),$/("#)-$/ ,$/)-,4, ,+ h#%[ 4#%&"/ 4# *% 4#&#"1-%,4/ )/%&#L&/ G-$&5"-)/<

N/1/ &/4/$ $,:#1/$A +,$ D(/),$ 8*# $# 4-H#"#%)-,% G-$&5"-),1#%&# %/ $#$#+#))-/%,% #%&"# 4/$ 1/2/%#$ &#1(/",+#$ ,+#,&/"-/$ U)/1/ (,$, (/"#2#1(+/ )/% +, 1#4-4, &#1(/",+ 4# *% $-9+/[A $-%/ 8*# $# #$&,:+#)#% $#9Q%+,$ -4#,$ 8*# $# )/%.-"&-#"/% #% 4/1-%,%&#$ #% #$# (#"F/4/J #+ R#%,)-?1-#%&/A +, 3+*$&",)-5%A #+ R/1,%&-)-$1/A #&)<

!/" #$&# 1/&-./ +/$ 4#:,&#$ $/:"# +, 1#", &#1(/",+-4,4 U+/ %*#./A +/ #1#"?9#%&#A +/ 8*# )/""#$(/%4# ,+ ("#$#%&#[ "#$*+&,% #$&D"-+#$< I+ .#"4,4#"/4#:,&# %/ ",4-), #% +, )"/%/+/9F, $-%/ 8*# 9-", ,+"#4#4/" 4# +,$ -4#,$A 8*#, $* .#; $# "#+,)-/%,% )/% +/$ &-#1(/$ G-$&5"-)/$ 4/%4# $# G,)#% 1,7/"-?&,"-,$A ,*%8*# (/" /&"/ +,4/ )-#"&,$ -4#,$ #1#"2,% *%, 7 /&", .#; #% 4-H#?"#%&#$ 1#4-4,$ , +/ +,"9/ 4# 4-$&-%&,$ D(/),$<

R#),(-&*+#1/$ (*#$ *% (/)/ (,", .#" )*E+#$ $/% +/$ ,9#%&#$ 8*# #%&",% #%

2*#9/ #% #$&, %#9/)-,)-5% )/%$&,%&#< I% #$&# -%&"-%),4/ 1#),%-$1/ (,"&-?)-(,% #+ )/%&#L&/ G-$&5"-)/ 4#+ )"#,4/"A #+ 4-$&,%)-,1-#%&/ 4#+ )"#,4/""#$(#)&/ , $* )/%&#L&/ G-$&5"-)/ U8*# -1(+-), *%, )/$1/.-$-5% (#"$/%,+ 7

_dW 0*-1 !*2/+



8*# , +, .#; $# .# &",4*)-4/ #% *%, H/"1, 4# #%&#%4#" +, #$)#%, #% ),4,

%*#., )"#,)-5%[ 7 +/ 8*# =9,1:#% 4#%/1-%, #+ >/"-9#%@A 8*# >%/ #$&E

$-&*,4/ $5+/ #% *% (,$,4/ )"/%/+59-)/@A $-%/ 8*# >#$ )/%&#1(/"E%#/ ,+4#.#%-" G-$&5"-)/ 7 %/ )#$, 4# H*%)-/%," #% D$&#<@

= 1- #%&#%4#"A #$&# /"-9#% #$ 4/:+#A 7, 8*# G,)# &,%&/ "#H#"#%)-, , +,

-%H+*#%)-, 4#+ (,$,4/ &,+ 7 )/1/ +/ #%&#%4#1/$ #% #+ ("#$#%&# )/1/ ,+

4#%/1-%,4/" )/1Q% 8*# %/$ (#"1-&# -4#%&-H-),"%/$ 7 4-,+/9," \&,+ 7 )/1/

G,)#% N,9# 7 ^"/$$, )/% +, H-+/$/HF, h#%\ )/% +,$ /:",$ 8*# )-.-+-;,)-/%#$

+#2,%,$ ("/4*2#"/% #% &-#1(/$ "#1/&/$< I% #$&# $#%&-4/A #+ /"-9#% %/ $5+/

#$&E "#+,)-/%,4/ )/% +, H-+-,)-5% 4# %*#$&", ("/(-, )*+&*",A $-%/ 8*# #$&E#$&"#)G,1#%&# .-%)*+,4/ , %*#$&"/ /"-9#% >#$#%)-,+@ -%4#(#%4-#%&# ,+

&-#1(/ 4# %*#$&", #L-$&#%)-,A #$ 4#)-"A , +, )/%4-)-5% G*1,%,< I%&"# &/4/$

+/$ H,)&/"#$ 8*# G#1/$ 1#%)-/%,4/A $5+/ +, )/%4-)-5% G*1,%, (#"1,%#)#

-%.,"-,:+#< T,%&/ #+ )/%&#L&/ G-$&5"-)/A )/1/ +, )/$1/.-$-5% 4#+ ,"&-$&, 7

$* H/"1, 4# #%&#%4#" +, #$)#%, 1*&,% 4# H/"1, (#"(#&*, #%9#%4",%4/

*%, "#4 4# "#+,)-/%#$ )/1(+#2, 8*# (*#4# 9#%#"," *%, ("/4*))-5% )/%

),",)&#"F$&-),$ 4# *%, .,"-,:-+-4,4 (/&#%)-,+1#%&# -%H-%-&,< !/" #$/ "#$*+&,

&,% 4-HF)-+ #%)/%&"," *% &D"1-%/ 4#$)"-(&-./ 8*# #%)*,4"# :-#% +/ )/%&#1?(/"E%#/A (/"8*# %/ $# &",&, 4# *% 9D%#"/ #% $FA $-%/ 4# *%, ,)&-&*4 8*#

("/4*)# H/"1,$ 7 )/%&#%-4/$ 8*# $# &",%$H/"1,% $-% )#$,"<

N/%H+-)&/$ 4# +, )/%&#1(/",%#-4,4

NF)+-),1#%&#A +, )/%&#1(/",%#-4,4 $# )/%.-#"&# #% H*#%&# 4# )/%H+-)&/< I+

1-$1/ =9,1:#% )-&, #% $* ,"&F)*+/ #+ ),$/ 4# f$-( C,%4#+$G&,1A *% (/#&,8*# G,:"F, 4# >(,9," $* )/%&#1(/",%#-4,4 )/% +, .-4,@ U=9,1:#%A VWWX[<

C# 9*$&,"F, ,%,+-;," :"#.#1#%&# (/" 8*D , 1#%*4/ +, )/%&#1(/",%#-4,4

"#$*+&, ("/:+#1E&-),< I% *% ("-1#" 1/1#%&/ 7 ./+.-#%4/ , +, ,)#()-5%

)/1Q% 4# +/ >)/%&#1(/"E%#/@A $- #$&# &D"1-%/ 4#$-9%, #+ ("#$#%&#A

(/4"F,1/$ #$&," &#%&,4/$ 4# (#%$," 8*# +, )/%&#1(/",%#-4,4 $# )/%&",?

(/%# ,+ (,$,4/ 7 8*# #$ #$/ +/ 8*# "#$*+&, )/%H+-)&-./<

B-% #1:,"9/A )/1/ ,),:,1/$ 4# .#"A #+ (,$,4/ %/ #$ *% /:$&E)*+/ (,", #+("/7#)&/ )/%&#1(/"E%#/ $-%/ 8*# )/%$&-&*7# ,+ "#.D$ *% #+#1#%&/ -%4-$?

(#%$,:+# :,2/ +, H/"1, 4# +/ 8*# =9,1:#% 4#%/1-%, >#+ /"-9#%@<

!"#$#%&# #$(#)*+,&-./ _dY



K#:#1/$ "#)/"4," 8*# #+ $*:+-1# >Bn,% +,o#@ 8*# 1/$&"5 R,-1*%4 6/9G#$# )/%$&"*7# $/:"# +, (,"&-&*", 7 #+ ,"9*1#%&/ 4#+ :,++#& 8*# T)G,-o/$.$o7

)/1(*$/ #% Ydà< I% #H#)&/A )/1/ "#$(/%4-5 O#(#)o- , *%, ("#9*%&, ,+H-%,+ 4# $* )G,"+, #% C*")-,A D+ %/ G,:F, .#%-4/ >, ,%*%)-," #+ H-% 4# %,4,A$-%/ +, )/%&-%*,)-5% 4# &/4/ +/ ,%&#"-/"A +, &",%$H/"1,)-5% 4# +/ ,%&#"-/" 7+, ++#9,4, 4# &/4/ +/ %*#./@<

=4#1E$A #+ (,$,4/ #% $FA ("#)-$,1#%&# (/"8*# $# G, 4#$.,%#)-4/ 7 $5+/#L-$&# #% +, 1#1/"-,A "#$*+&, -%/)*/< bK# 45%4# $*"9# (*#$ #+ )/%H+-)&/c

=),:,1/$ 4# 4#H#%4#" 8*# +, )/%&#1(/",%#-4,4 9#%#", )/$1/.-$-/%#$

4-$&-%&,$ "#$(#)&/ , +,$ .-$-/%#$ 4/1-%,%&#$ 4#+ 1*%4/ 7A #% #$# $#%&-4/ 7,+ -9*,+ 8*# (,$, )/% /&"/$ )/%H+-)&/$ )*+&*",+#$A 4/%4# $# #%H"#%&,% 4/$H/"1,$ 4# #%&#%4#" +, "#,+-4,4A "#$*+&, (+,*$-:+# 8*# $*"2,% )/%&",4-)?)-/%#$< B-% #1:,"9/A #% %*#$&"/ H",91#%&,4/ (+,%#&,A $# 4, (/" G#)G/ 8*##L-$&#% 1*+&-&*4 4# D"3/&%-2=&++%0 4-H#"#%&#$ 7 #$/ $# 4#:# #%&#%4#")/1/ *%, "-8*#;, 7 %/ )/1/ *%, ),"9,<

I+ ("/:+#1, (*#$ %/ #$&"-:, #% #$&,$ 4-H#"#%)-,$A $-%/ #% )51/ $#9#$&-/%,%< I$ *%, )*#$&-5% 4# &/+#",%)-,<

O, -%&/+#",%)-, #1#"9# 4# +, -1(/$-:-+-4,4 4# ,)#(&," )/1/ .E+-4,$ )/$1/?.-$-/%#$ 4-H#"#%&#$ 4#+ 1*%4/ 7 #$/ -1(+-), +, )#"&#;, (#"$/%,+ 4# 8*# $#(/$## +, .#"4,4< O, G-$&/"-, $# 4#&-#%# 7 >*%, D(/), 4#&#"1-%,4,@ U*%,H/"1, 4# .#" #+ 1*%4/[ $# )/%.-#"&# #% *% -1(#",&-./ 8*# 4#:# "#(#&-"$#G,$&, #+ -%H-%-&/ $-% (/$-:-+-4,4 4# ),1:-/< I% #$&# $#%&-4/A "#$*+&, "#.#?+,4/" 8*# *%/ 4# +/$ +-:"/$ 4# ),:#)#", 4# +/$ %"(2(%- %/"&#,1#"-),%/$ #%+/$ Q+&-1/$ &-#1(/$ H*#$# E3 F$%&3 *" 3& =$-/('$& 4# P",%)-$ P*o*7,1,A

4/%4# $# (/$&*+, 8*#A &",$ 1*)G/$ ,.,&,"#$ G-$&5"-)/$ \#+ %,)-/%,+$/)-,?+-$1/A #+ )/1*%-$1/A #&)<\ #+ "D9-1#% (/+F&-)/ +-:#",+ ,1#"-),%/ $# G,)/%.#"&-4/ #% *% 1/4#+/ -45%#/ 8*# )/%$&-&*7# #+ (*%&/ 4# ++#9,4, (,",&/4, )-.-+-;,)-5% 8*# $# ("#)-# 7A (/" #$/A 4#:#"F, ),+),"$# 7 #L&#%4#"$# #%#+ &-#1(/ -%),%$,:+#1#%&#<

=8*F $-% 4*4, $F 8*# #L-$&# *% ,%&,9/%-$1/ #%&"# +, )#"&#;, $-% H-$*",$ 7+, (/$-:-+-4,4 4# $#9*-" #$(#)*+,%4/ -%$,)-,:+#1#%&# #% :*$), 4# /&",$H/"1,$ 4# #%&#%4#" +, "#,+-4,4<

N*,%4/ ,),:5 +, Q+&-1, )/%H#"#%)-, 4#+ $#1-%,"-/ 4# C*")-, , ),"9/ 4#p$)," N5"%,9/A +# ("#9*%&D $- G,:F, 8*#"-4/ 4#)-" 8*# +, .-4, #% $F #$ *%,

_dV 0*-1 !*2/+



"#$(/%$,:-+-4,4 (/+F&-), 7 D$&# 1# )/%&#$&5,H-"1,&-.,1#%&#< P"#%&# , +/$ 8*# 4#H-#%4#% +,$

)#"&#;,$ -%8*#:",%&,:+#$ 7 +, -%1/.-+-4,4(#"#%%#A &#%#1/$ (*#$ +, /:+-9,)-5% .-&,+ U(/+F?&-),[ 4# 4#H#%4#" #+ ("/7#)&/ )/%&#1(/"E%#/A%/ (/"8*# D$&# 4#&#%&# *%, .#"4,4 $*(#"-/"A$-%/ ("#)-$,1#%&# #% .-"&*4 4# &/4/ +/ 8*#4#$)/%/)#1/$ 7 ,%G#+,1/$ )/1("#%4#"< T,+ 7)51/ "#(#&F, =%4"D O#(#)o- -%),%$,:+#1#%&#,+ #L(+-)," +, ("#4-$(/$-)-5% %#)#$,"-, (,", 8*#,H+/"# +, 4",1,&*"9-,J >%(/ G%(A$%0H %(/

G%(A$%0H %(/ G%(A$%0 @<

!"#$#%&# #$(#)*+,&-./ _d_

^-:+-/9",HF,

=9,1:#%A ]-/"9-/JIJK+L "- -"' 2(%/"#. 9(':%"(M G&&(Jmmnnn<+,)/1*%-?&,&-%)/%H#$$,:+#<),&mb8 *#?#$?$#"?)/%&#1(/",?%#/9-/"9-/?,9,1:#%AVWWX<

N,""-++/A g#$Q$ 7I$&#++,A 39%,)-/ UI4$[J

>K#$,)*#"4/$ Y@A N'/". 3"G+A C=N^=A qM3=A^,")#+/%,A VWWZ<

],")D$A C,"-%,J >=:"-"+/$ (/$-:+#$@G&&(Jmmnnn<1#%/$?+/:/$</"9mn(?)/%&#%&m*(+/,4$mVWWXmWXm,:"-"?+/$?(/$-:+#$?

1,"-%,?9,")#$?),$&<(4H N/%$*+&,4/ #+VVmW_mVWYW<

C#$,A f+9,J >b0*D&#%#1/$ #% )/1Q% +,$(#"$/%,$ )/% #+H*&*"/c@A N'/'$4+/(- %rVA VWWd<

!*2/+A 0*-1J >bI$ )//+

B/%-, ]51#;c@ !(%$& OP#"QH O-8*-4 K/)$A^,")#+/%,A VWWX<





!"#$%&'()*# ",#-#.(/%)0 1%23&

4.(,35%$()3.

67#,# )- ' -)(%'()3. (7'( ,#"#'(- )(-#&8 ,#9%&',&: ;7#. ;#< (7# 83&&3;#,- 38 ' $#,('). 0'..#, 38 %.5#,-('.5).9 "#,83,0).9 ',(-< 9#( (39#(7#, '.5 &33=83, ' -%)('>&# '52#$()*# (3 $'(#93,)-# )(? !30# ",3"3-# @.#; 5,'0'(%,9)#-A<&)=# (7# B%,$)' !#0).', ;7)$7 (7)- "%>&)$'()3. ,#&'(#- (3< ;7)&# 3(7#,- $'&&)( @$3.(#0"3,',: "#,83,0).9 ',(-A 3, @#0#,9).9 "#,83,0).9 ',(-A< '03.9' 0%&()(%5# 38 3(7#, #")(7#(-? C3;#*#, ;7#. ;# -(%5: (7# )0"&)$'()3.- 38

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

4. '.: $'-#< )( )- ).5##5 -)9.)8)$'.( (7'( @.#;A< $3.(#0"3,',:A '.5 @#0#,9D

).9A ',# (7,## 5#-$,)"()3.- ;)(7 ' 0',=#5 (#0"3,',: $7','$(#,? 4. (7# 83&D&3;).9 (#F( ;# -7'&& -(%5: (7# )0"&)$'()3.- 38 (7)- "3-)()3. ). ,#&'()3. (3(7# "'--'9# 38 ()0#< ). (7# 73"# 38 (7,3;).9 -30# &)97(< '.5 73"#8%&&: .3(). '. 3*#,&: "',()'& ;':< 3. (7# 5:.'0)$- 7)55#. >#7).5 (7#-# @.#; 5,'D0'(%,9)#-A?

I#;< $3.(#0"3,',: '.5 #0#,9).9

G- ;# -')5< @.#;A< $3.(#0"3,',:A '.5 @#0#,9).9A '&& )0"&: ' $#,('). "3-)D()3.).9 ). ()0#? @I#;A ,#8#,- (3 -30#(7).9 (7'( 7'- '""#',#5 ,#$#.(&:<



;7)&# ). ' -)0)&', ;': @#0#,9).9A 5#.3(#- '. 3>2#$( (7'( .3( 3.&: '""#',#5' -73,( ()0# '93< >%( )( '&-3 )0"&)#- ' ",30)-# 38 $3.().%)(: '.5 9,3;(7 ).

(7# 8%(%,#? J).'&&:< @$3.(#0"3,',:A ). )(- -(,)$( -#.-#< ,#8#,- (3 (7'( ;7)$7$3,,#-"3.5- ;)(7 (7# ",#-#.(? K#( %- >#9). >: 5#(#,0).).9 (7# &)0)(- 38 (7)- (#,0).3&39:?

J),-(&: (7# '52#$()*#- @.#;A '.5 @#0#,9).9A ',# ",3>&#0'()$ 83, (7# -'0#,#'-3.< ). (7# -#.-# (7'( (7#: $3).$)5# "',()'&&:? G$$3,5).9 (3 (7# 5)$()3.D',: 38 (7# !"'.)-7 L3:'& G$'5#0: @#0#,9).9A )- -30#(7).9 (7'( @)- >3,.<$30#- 3%( '.5 7'- (7# >#9)..).9 38 '.3(7#, (7).9A (7%- )0"&:).9 ' $#,(').

5#9,## 38 @.3*#&(:A?

67)- '&&#9#5 )..3*'()*# $7','$(#,)-()$ $'. ># E%#-()3.#5 83, *',)3%- ,#'D-3.-? G- 6730'- 5# /%).$#: -')5 @.3*#&(: 53#- .3( #F)-(< 3.&: 3>&)*)3.A?67'( )-< #*#,:(7).9 7'- '&,#'5: >##. 53.# '.5 )8 #*#, -30#(7).9 ",35%$#-). %- ' -#.-'()3. 38 .3*#&(:< )( )- >#$'%-# ;# ',# %.';',# (7'( -30#(7).9-)0)&', '&,#'5: 7'""#.#5 ). (7# "'-(?

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

J).'&&: (7# '52#$()*# @#0#,9).9A 7'- (7# "#$%&)',)(: 38 "3).().9 (3 (7#

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

(7# ',()-(-< $,)()$-< ).-()(%()3.- '.5 ",39,'00#,-< ',# ,#-"3.-)>&#? 63 5#&#D9'(# (7'( ,#-"3.-)>)&)(: (3 '. '&&#9#5 7)-(3,)$ ).#*)('>)&)(: &33=- &)=# '.#F$#&&#.( 8),-( -(#" (3;',5- 3>(').).9 (7# 3""3-)(# ,#-%&(?

Z[\ /%)0 1%23&



67# @.#; 5,'0'(%,9)#-A ',# '&-3 3. 3$$'-)3. $'&&#5 @$3.(#0"3,',: "#,D83,0).9 ',(A< '. #F",#--)3. ). ;7)$7 (7# ",30)-# 38 ' 8%(%,# (7'( 7'- 2%-(

0'(#,)'&)-#5 N.#;T< 3, ;73-# >'-#- 7'*# >##. &')5 N#0#,9).9T< )- ,#"&'$#5 >: ' -#.-# 38 >#&3.9).9 (3 (7# ",#-#.(< 9)*#. (7'( (7# $3.(#0"3,',: 9%',D'.(##- )(- $3,,#-"3.5#.$# ;)(7 (7# #"3$7 ). ;7)$7 ;# ',# &)*).9?

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

67#.< ;7'( )- (7)- -3 ).'$$#--)>&# E%'&)(: (7'( ;# ',# ,#8#,,).9 (3 ;7#. ;#-"#'= 38 @.3*#&(:A< @#0#,9#.$#A 3, @$3.(#0"3,'.#)(:A] ^7'( )- (7)- (7'(7'- (3 53 ;)(7 (7# "'--'9# 38 ()0# '.5 0'=#- ,#8#,#.$# >3(7 (3 8%(%,# '.5

",#-#.(< ;7)&# '( (7# -'0# ()0# )- .3( (3 ># 83%.5 ). #)(7#,]

K#( %- )00#5)'(#&: 0'=# )( $&#', (7'( ;# 7'*# .3 .#3&39)-0 (3 ",3"3-#(7'( $3%&5 "#,8#$(&: $'"()*'(# (7# -"),)( 38 (7# !"#$%& ()*%+&# ,- +). /#&0

*&1"#2%)3 '.5 (7'( ;3%&5 -#,*# (3 5#-$,)># (7)- %.$3083,('>&# (:"# 38 $,#D'()3. ). (7# 8%(%,#? I3( 3.&: (7'(< ;# ;3%&5 93 -3 8', '- (3 $&')0 (7'(.3>35: $3%&5 $30# %" ;)(7 ' (3('&&: '"",3",)'(# (#,0? 67# ,#'-3. )- *#,:-)0"&#H ;# ',# .3( '55,#--).9 ' %.)E%# "7#.30#.3.< >%( ' $3.-('.( .#93D()'()3.?

63 #F"&').< &#( %- ,#8#, >'$= (3 3.# 38 (7# 5#8).)()3.- (7'( V)3,9)3 G9'0D >#. ",3"3-#- 83, @$3.(#0"3,',:A< ' 5#8).)()3. (7'( ,#",#-#.(- ' R[P5#9,## (%,. ). ,#&'()3. (3 (7# 5)$()3.',: 0#'.).9? G$$3,5).9 (3 G9'0>#.<@673-# ;73 $3).$)5# ). '. #F$#--)*#&: '>-3&%(# ;': ;)(7 (7# "#,)35< ;73$3.$%, "#,8#$(&: ;)(7 )(< ',# .3( $3.(#0"3,',)#- >#$'%-#< ",#$)-#&: 83, (7'(,#'-3.< (7#: 8')& (3 -## )(< (7#: $'..3( 0').('). (7#), 83$%- 8),0&: %"3. )(ANG9'0>#.< OPPQT

67%-< (3('& $3.$%,,#.$# ;)(7 ' 9)*#. "#,)35 ;3%&5 $'%-# ' -3,( 38 >&).5D.#-- '.5 (7#,#83,#H

!"#$%&'()*# ",#-#.( Z[_



4) .5, 6,)3 +,1 7)#-)$189 $,%+$%6) .%15 5%3 1%*): +,# &6&713 1, %13 7#)0

1)+3%,+3: ;)8,+23 #)&889 1, 5%3 1%*): %3 1#"89 $,+1)*7,#&#9 &+6 %3 15)#)0

-,#) %+ 15%3 3)+3): ,"10,-06&1)< ;"1 7#)$%3)89 ;)$&"3) ,- 15%3: ;)$&"3) ,- 15%3 6)1&$5*)+1 &+6 15%3 &+&$5#,+%3*: %3 *,#) $&7&;8) 15&+ ,15)#3 ,-

7)#$)%=%+2 &+6 &77#)5)+6%+2 5%3 1%*)> ?@2&*;)+: ABBCD

I#*#,(7#&#-- (7# $3.(#0"3,',: *)-)3. 38 3%, ()0#< '$$3,5).9 (3 G9'0>#.<53#- .3( $3.-)-( ). 0#,# 5#('$70#.(< 9)*#. (7'( @(7# '""3).(0#.( ). E%#-D()3. ). $3.(#0"3,'.#)(: 53#- .3( -)0"&: ('=# "&'$# ). $7,3.3&39)$'& ()0#H)( )-< ). $7,3.3&39)$'& ()0#< -30#(7).9 (7'( )- ",#--).9 8,30 (7# ).-)5# '.5(,'.-83,0- )(?A NG9'0>#. OPPQT?

67)- )5#' 38 (,'.-83,0'()3. )- $#.(,'&< '- $3.(#0"3,',: 7'- (7# *),(%# 38 ',)-).9 8,30 (7# ",#-#.( ()0# '- ;#&& '- (7# $'"'$)(: (3 $7'.9# )(- $3%,-#?67%- )( ;3%&5 ># &)=# ' (%,. 38 (7# ,%55#, ;7)$7< )8 '(03-"7#,)$ $3.5)()3.-"#,0)(< $3%&5 $7'.9# (7# 5),#$()3. 38 (7# >3'(? ^# ',# ,#8#,,).9 7#,# (3 (7#"3(#.()'& 83, ).(#,*#.()3. ). (7# ()5# 38 7)-(3,: (3 ># %.5#,-(335 '- '.3""3-)()3. (3 5#(#,0).)-0?

G9'0>#.`- *)-)3. 38 $3.(#0"3,'.#)(: )- #$73#5 ). (;3 (#F(- #'$7 $3.D.#$(#5 ;)(7 (7# -('9# ). ' 5)88#,#.( ;':? J),-(&: (7# ',()$&# (7'( B',).' V',D$X- ;,3(# 83, K' 13,('`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

C'*).9 ,#'$7#5 (7)- "3).( )( ;3%&5 ># ;3,(7;7)&# (3 '-= 3%,-#&*#- ;7'(#F'$(&: ;# ',# 5#'&).9 ;)(7 ;7#. ;# -"#'= 38 ",#-#.( '.5 8%(%,#? G- ;#=.3;< ()0# )- ' 7%0'. '>-(,'$()3. (7'( 7'- &)((&# -#.-# %.&#-- ;# ,#&'(# )((3 3%, 3;. #F)-(#.$#?

M8 '&& (7# "3--)>&# #F'0"&#-< 4 7'*# $73-#. '. '.#$53()$ $7'.$# #.$3%.(#,

>#(;##. a37. Y'9# '.5 a3'. W,3--' (7'( 0': "#,7'"- ",3*# 7#&"8%& ).#F"&').).9 ;7'( ;# ',# ,#8#,,).9 (3 ;7#. ;# -"#'= 38 7)-(3,)$ "#,)35-?M. (7# 3.# 7'.5< ;# ',# ;#&& ';',# 38 a37. Y'9#`- ).(#,#-( 83, b#. "7)&3-D

Z[[ /%)0 1%23&



3"7:R< ;7#,# -)&#.$# )- 38 0'23, )0"3,('.$#?M. (7# 3(7#, 7'.5 @). (7# $'-# 38 W,3--'< b#.

7'- '&;':- >##. ' 8%.5'0#.('& "3).( 38 ,#8#,D#.$#< 3.# 38 ;73-# ",).$)"&#- $3%&5 ># 5#8).#5'- 3.# 38 (7# '%(73,`- 0'F)0-H @^7#. :3% 53-30#(7).9< 0'=# -%,# (7'( )( )- 03,# ).(#,#-(D).9 (7'. -)&#.$#A? O

B3*).9 3. 8,30 (7)- -7',#5 ).(#,#-(< 4 -73%&5'&-3 &)=# (3 #F'0).# ' $,#'()*# "','&&#&)-0 >#(;##. (7# (;3? M. (7# 3.# 7'.5 ;# 7'*#Y'9#`- 8'03%- $30"3-)()3. c`ZZA 8,30 RQSO< ).;7)$7 .3( ' -).9&# .3(# )- #F#$%(#5 '.5 (7# 3.&:-3%.5- $,#'(#5 ',# (73-# 38 (7# '%5)#.$#? J,30W,3--' ;# 7'*# (7# RQc_ ")#$# (,#60*"1 N@d#'8 '.5 (7# d%0>AT ;7)$7 $3.-)-(- ). 3.# -3&#-('9# 5),#$()3.H @N!3&# '$(H M88D;7)(#? 1'%-#?Y%,(').TA? M8 $3%,-# (7#-# ',# .3( )5#.()$'&")#$#-< >%( (7#,# )- ' -(,3.9 &).=? W3(7 ). c`ZZA

'- ). (,#60*"1 < (7# '%(73,- ',# #F"&3,).9 (7#).(#,#-( ',)-).9 8,30 -)&#.$# 3. -('9#?

!3 ;# 8).5 ' "',()'& $3).$)5#.$# >3(7 ). (7#),83,0 38 $3.$#)*).9 (7# ;3,&5 N(7#), ).(#,#-( ).b#. "7)&3-3"7:T '- ;#&& '- (7#), ;': 38 %.5#,D-('.5).9 (7# -('9# N(;3 ")#$#- (7'( #F"&3,#-)&#.$# ). ' ",35%$()*# 0'..#,T? 4 (7).= )( )- .3(388D(7#D;'&& (3 $&')0 (7'( ). '&& ",3>'>)&)(: (7#),;': 38 %.5#,-('.5).9 (7# -('9# 5#,)*#- 8,30(7# 8),-( 8'$(3,H (7#), 0'..#, 38 %.5#,-('.5).9(7# ;3,&5?

4( )- E%)(# ),3.)$'& (7'( (7#-# (;3 )$3.- 38 OP(7Y#.(%,: 035#,.)-0 N'&(73%97< 38 $3%,-# Y'9#`-8'0# )- $3.-)5#,'>&: 9,#'(#,T ',# ).5#>(#5 (3 '"7)&3-3"7: ;73-# 3,)9).- 93 >'$= '- 8', '- (7#

R-( $#.(%,:?G- )( (%,.- 3%(< (7)- )- .3( '- "','53F)$'& '- )(0': '( 8),-( '""#',? G- G9'0>#. "3).(- 3%(H

!"#$%&'()*# ",#-#.( Z[Q

R? !##< 83, #F'0"&#Y'9#< a37. NRQ[RTH E&#& 8,3 7FG&#,3 NH,# 15);%#63I a37. Y'9# ).$3.*#,-'()3. ;)(7 d'.)#&Y7',&#-T? e*)&' f5)(3,#-<OPP_ "?Z[?

O? 7(("Hgg;;;?#&0%.53?#-gOPPSgPZgR[g$'('&%.:'gR__OO_R?7(0& Y3.-%&D('53 #& O[gPOgOPRP



@$3.(#0"3,'.#)(: )- ).-$,)>#5 ). (7# ",#-#.(< 5#8).).9 )( '>3*# '&& '- ',$7'D)$ '.5 3.&: 7# ;73 -##- ). (7# 03-( 035#,. '.5 ,#$#.( 5#*#&3"0#.(-< ).5)D

$'()3.- '.5 -)9.- 38 (7# ',$7')$< $'. ># )(- $3.(#0"3,',:? G,$7')$ 0#'.-$&3-# (3 (7# 3,)9).-? W%( (7#-# 3,)9).- ',# .3( 3.&: -)(%'(#5 ). ' $7,3.3&39D)$'& "'-(H >: >#$30).9 7)-(3,)$ (7#: ',# $3.(#0"3,',: '.5 53 .3( $#'-# (38%.$()3. ). )(< 2%-( '- (7# #0>,:3 $3.().%#- (3 '$( ). (7# 8'>,)$ 38 (7#0'(%,# 3,9'.)-0? NG9'0>#.< OPPQT?

K#( %- &#'*# '-)5# 83, ' -#$3.5 (7# $30"&#F .#(;3,= 38 ()0# (3 ,#(%,. (3(7# E%#-()3. (7'( ;# ;#,# 73").9 (3 '.-;#, ;)(7 (7# #F'0"&# 38 Y'9# '.5W,3--'? ^7'( )- )( ). ,#'&)(: (7'( ;# ',# 5#'&).9 ;)(7 ;7#. ;# ).*3=# (7#"'-(< (7# ",#-#.( 3, (7# 8%(%,# ). 3%, -('9# ;3,&5]

67# '.-;#, )- -3 3>*)3%- (7'( )( ,%.- (7# ,)-= 38 "'--).9 %- >: %..3()$#5?^7#. ;# #*3=# (7#-# 7)-(3,)$ ()0#- ;# ',# .3( ,#8#,,).9 (3 ()0# "#,)35-(7'( ',# ).-$,)>#5 >#(;##. (;3 9)*#. 5'(#-< >%( (3 (7# ;3,&5D*)#;- (7'( ;#'--3$)'(# ;)(7 (7#-# -'0# "#,)35-? 67# $3.(#0"3,'.#)(: 38 Y'9# '.5W,3--' 53#- .3( 5#,)*# 8,30 '. '>-(,'$( (#0"3,'&)(:< >%( #0'.'(#- 8,30 '5)88#,#.( ;': 38 %.5#,-('.5).9 (7# ;3,&5 N). (7)- -"#$)8)$ $'-# 3.# '--3$)D

'(#5 ;)(7 b#.T ;)(7). ' 9)*#. 7)-(3,)$'& $3.(#F(?

G- ;# '&& =.3;< (7# "#,)35- (7'( 5)88#,#.()'(# (7#0-#&*#- 8,30 3.# '.3(7D#, 7)-(3,)$'&&: ',# .3( -#&#$(#5 >#(;##. (;3 ,'.530 &'.50',=- ). ()0# N'-<83, #F'0"&#< )- (7# $'-# ;)(7 (7# $#.(%,: '- ' 0#'-%,#0#.( 38 ()0#T< >%(',# #-('>&)-7#5 '$$3,5).9 (3 (7# )5#'- (7'( >#$'0# 530).'.( ). (7# "#,)35H(7# L#.')--'.$#< (7# f.&)97(#.0#.(< L30'.()$)-0< #($?

G- ' ,#-%&(< 5#>'(# 3. 0#,# (#0"3,'&)(: N(7# .#;< (7# #0#,9).9< ;7'( $3,D,#-"3.5- (3 (7# ",#-#.(T )- 8%()&#? 6,%# 5#>'(# )- .3( $#.(,#5 3. $7,3.3&3D9: >%( ,#*3&*#- ',3%.5 )5#'-< ;7)$7 ). (%,. ,#&'(# (3 (7# 7)-(3,)$ ()0# "#,)D35- ;7#,# (7#: ',# ). (7# 0'23,)(:< ;7)&# 3. (7# 3(7#, 7'.5 $#,('). )5#'-0': #0#,9# '9'). '.5 '9'). (3 ' 5)88#,).9 #F(#.( 3*#, -#*#,'& 5)88#,#.(#"3$7-?

K#( %- &33= >'$= 83, ' 030#.( '( (7# '9#.(- (7'( $30# ).(3 "&': ). (7)- $3.D-('.( .#93()'()3.? 1',()$)"'().9 4. (7)- ).(,)$'(# 0#$7'.)-0 ',# (7# 7)-(3,)$

$3.(#F( 38 (7# $,#'(3,< (7# 5#('$70#.( 38 (7# $,#'(3, ;)(7 ,#-"#$( (3 7)-7)-(3,)$ $3.(#F( N;7)$7 )0"&)#- ' "#,-3.'& ;3,&5D*)#; '.5 ;7)$7 ). (%,. )-(,'.-&'(#5 ).(3 ' 83,0 38 %.5#,-('.5).9 (7# -('9# ). #'$7 .#; $,#'()3.T

ZQP /%)0 1%23&



'.5 ;7'( G9'0>#. &'>#&- @3,)9).-A< ;7)$7 @',# .3( -)(%'(#5 0#,#&: ). '$7,3.3&39)$'& "'-(A< >%( @',# $3.(#0"3,',: >: >#$30).9 7)-(3,)$ '.5 53

.3( -(3" 8%.$()3.).9 ). )(?A

4. 0: *)#;< -%$7 3,)9).- ',# (;383&5< ;)(7 -3 0'.: ,#8#,#.$#- >3(7 (3 (7#).8&%#.$# 38 (7# "'-( '- ;# %.5#,-('.5 )( ). (7# ",#-#.(< '.5 (3 (7# $30D03. 5#.30).'(3, (7'( "#,0)(- %- (3 )5#.()8: 3%,-#&*#- '.5 #.9'9# ). 5)'D&39%# U'- Y'9# '.5 W,3--' 53 ;)(7 b#. "7)&3-3"7:U ;)(7 (7# ;3,=- (7'(5)-('.( $)*)&)h'()3.- ",35%$#5 ). 8',D388 ()0#-? 4. (7)- -#.-#< 3,)9).- ',# .3(3.&: ,#&'(#5 (3 '. '88)&)'()3. ;)(7 3%, 3;. $%&(%,#< >%( ',# '&-3 $&3-#&:&).=#5 (3 3%, @#--#.()'&A 3,)9).-< ).5#"#.5#.( 8,30 (7# ()0# 38 3%, #F)-D(#.$#< (7'( )- (7# 7%0'. $3.5)()3.? J,30 '03.9-( '&& (7# 8'$(3,- ;# 7'*#0#.()3.#5< 3.&: (7# 7%0'. $3.5)()3. ,#0').- ).*',)'>&#? W3(7 (7# 7)-(3,)$$3.(#F(< '- ;#&& '- (7# ',()-(`- ;3,&5 *)#; '.5 %.5#,-('.5).9 38 (7# -('9#',# "#,"#(%'&&: $7'.9).9< #.9#.5#,).9 ' $30"&#F .#(;3,= 38 ,#&'()3.- (7'($'. 9#.#,'(# ' ",35%$()3. ;)(7 $7','$(#,)-()$- (7'( ',# "3(#.()'&&: ).8).)(#D&: *',)'>&#? 67)- )- ;7: )( )- -3 5)88)$%&( (3 8).5 ' 5#-$,)"()*# (#,0 (7'(#.$30"'--#- (7# $3.(#0"3,',:< >#$'%-# ;# ',# .3( 5#'&).9 ;)(7 ' 9#.,#"#, -#< >%( '. '(()(%5# ",35%$).9 83,0- '.5 $3.(#.(- ). $3.-('.( (,'.-83,D

0'()3.?

Y3.8&)$(- 38 Y3.(#0"3,'.#)(:

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

I#*#,(7#&#--< '- ;# 7'*# 2%-( -##.< (7# "'-( )- .3( '. 3>-('$&# 83, (7# $3.D(#0"3,',: ",32#$(< >%( 3. (7# $3.(,',: $3.-()(%(#- '. ).5)-"#.-'>&# #&#D0#.( ). (7# 83,0 38 ;7'( G9'0>#. 7'- (#,0#5 @3,)9).-A?

^# -73%&5 ,#$'&& (7'( (7# -%>&)0# @!;'. K'=#A ",#-#.(#5 >: L')0%.5C397# )- >'-#5 3. (7# -$3,# '.5 "&3( 38 (7# >'&&#( (7'( 6$7')=3*-=: $30D"3-#5 ). R[_\? 4. #88#$(< '- K#"#$=) ,#"&)#5 (3 ' E%#-()3. 83&&3;).9 7)- ('&=

!"#$%&'()*# ",#-#.( ZQR



). B%,$)'< 7# 7'5 .3( $30# @(3 '..3%.$# (7# #.5 38 '.:(7).9< >%( (7# $3.D().%'()3. 38 '&& (7'( 7'5 93.# >#83,#< (7# (,'.-83,0'()3. 38 ;7'( 7'5 93.#

>#83,# '.5 (7# ',,)*'& 38 (7# .#;A?

W#-)5#-< ",#$)-#&: >#$'%-# )( 7'- 5)-'""#',#5 '.5 3.&: ,#0').- 3. ). (7#0#03,:< (7# "'-( ). )(-#&8 '""#',- 7',0&#--? J,30 ;7#,# (7#. 53#- (7#$3.8&)$( ',)-#]

^# 7'*# 2%-( 5#8#.5#5 (7# ',9%0#.( (7'( $3.(#0"3,'.#)(: 9#.#,'(#- 5)8D8#,).9 ;3,&5D*)#;- ). ,#&'()3. (3 (7# 530).'().9 *)-)3.- 38 (7# ;3,&5 '.5<). (7)- -#.-# '.5 '- ;)(7 3(7#, $%&(%,'& $3.8&)$(-< ;7#,# (;3 83,0- 38 %.5#,-('.5).9 ,#'&)(: ',# -#( '9').-( 3.# '.3(7#,< )( )- %.5#,-('.5'>&# (7'($3.(,'5)$()3.- ',)-#? C3;#*#,< ). 3%, 8,'90#.(#5 "&'.#(< )( 93#- ;)(73%(-':).9 (7'( ' 0%&()(%5# 38 5)88#,#.( ^#&('.-$7'%%.9 #F)-( '.5 (7)- )- -30#D(7).9 (3 ># &33=#5 %"3. '- '. '--#( '.5 .3( ' >%,5#.?

67# ",3>&#0 (7#,#83,# 53#- .3( ',)-# 8,30 (7#-# 5)88#,#.$#-< >%( ). 73;(7#: ',# 0'.'9#5? 4( )- ' E%#-()3. 38 (3&#,'.$#?

4.(3&#,'.$# #0#,9#- 8,30 (7# )0"3--)>)&)(: 38 '$$#"().9 5)88#,#.( ;3,&5*)#;- '- *'&)5 )0"&:).9 ' "#,-3.'& $#,(').(: (7'( 3.# )- ). "3--#--)3. (7#(,%(7? C)-(3,: -(3"- '.5 @' 9)*#. "#,)35A N' 83,0 38 -##).9 (7# ;3,&5T )-$3.*#,(#5 ).(3 '. )0"#,'()*# (7'( 7'- (3 ># ,#"#'(#5 '5 ).8).)(%0 ;)(73%("3--)>)&)(: 38 $7'.9#? 4. (7)- $3.(#F( )( )- -)9.)8)$'.( (7'( 3.# 38 (7# i! >#-(D-#&&#,- 38 ,#$#.( ()0#- 7'- >##. J5) K+6 ,- 4%31,#9 >: J,'.$)- J%=%:'D0'< ;7)$7 $&')0- (7'( '8(#, -#*#,'& 7)-(3,)$ %"7#'*'&- D.'()3.'& !3$)'&)-0<Y300%.)-0< #($D (7# G0#,)$'. &)>#,'& "3&)()$'& ,#9)0# 7'- >#$30# '.)5#'& 035#& (7'( $3.-()(%(#- (7# 8).)-7).9 &).# 83, '.: $)*)&)h'()3. ;)(7 -#&8D#-(##0< '.5 (7#,#83,# 0%-( %.(),).9&: )0)('(# '.5 #F(#.5 )(-#&8 ). ()0#?

M8 $3%,-# ;# $'..3( 5#.: (7# '.('93.)-0 (7'( #F)-(- >#(;##. %.8&).$7).9$#,(').(: '.5 (7# "3--)>)&)(: 38 $3.().%).9 (3 -"#$%&'(# ).-'()'>&: ). -#',$738 3(7#, 83,0- 38 %.5#,-('.5).9 ,#'&)(:?

^7#. (7# &'-( "'"#, 38 (7# B%,$)' -#0).', ",#-#.(#5 >: M-$', Yj,.'937'5 #.5#5< 4 '-=#5 7)0 )8 7# 7'5 ;)-7#5 (3 -': (7'( &)8# ). )(-#&8 )- ' "3&)(D

)$'& ,#-"3.-)>)&)(:< (3 ;7)$7 7# ,#"&)#5 ). (7# '88),0'()*#? 4. (7# 8'$# 38 (73-# ;73 5#8#.5 %.-7'=#'>&# $#,(').()#- '.5 "#,#..)'& )003>)&)(:< ;#7'*# (7# *)('& N"3&)()$'&T 3>&)9'()3. (3 5#8#.5 (7# $3.(#0"3,',: ",32#$(< .3(

ZQO /%)0 1%23&



>#$'%-# )( "3--#--#- ' -%"#,)3, (,%(7< >%( ",#$)-#&: >: *),(%# 38 '&& (7'( ;#53 .3( =.3; '.5 5#-),# (3 %.5#,-('.5? G- G.5,X K#"#$=) (),#&#--&: ,#"#'(D

#5< #F"&').).9 (7# .#$#--',: ",#5)-"3-)()3. 83, 5,'0'(%,9: (3 8&3%,)-7H@+,1 L+,.%+2: +,1 L+,.%+2: +,1 L+,.%+2 A?

6,'.-&'(#5 >:H 1#.#&3"# f'5#-?

W)>&)39,'"7:H !## "'9#???

!"#$%&'()*# ",#-#.( ZQZ





!"#$%&'(&)

!"#$ &' ()*+,-.' *&+,-%.+"/# -, 1")+#%"& -,2 3%+, ,4 2& 54"6,%)"-&- -,*&)+"22&78& 9&4/:&; 3<+#%= ,4+%, #+%#)= -, 2#) 2">%#) !"#$%& ( #)

*+,"#-./0.-1/ ?@AABC= 2"313&4"5.3- 6# )3 .135#0 ?@AADC= 73 #-$#03

1/6#"03 ?@AAAC E 8"9$&.$3- 6# )/ "#3) #0 )3 #-$#03 $/0&#1,/"90#3

?BFFGCH &-,I.) -, 4<I,%#)#) &%+(/<2#) )#>%, ,)+J+"/&= &%+, /#4+,I7K#%.4,# E +,#%(& , :")+#%"& -, 2&) &%+,) ,)/J4"/&); L"%"$, ,2 $%<K# -,"46,)+"$&/"M4 3NOP3 E ,) ,-"+#% -,2 3%/:"6# Q"%+<&2 -, 3%+,) P)/J4"/&)?RRR;&%+,),)/,4"/&);#%$C;

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

&6120* 7-05,82-46' U< "46,)+"$&/"M4 K&)& K#% 2& +,#%(& /%(+"/&= 2& K%./+"/&/%,&+"6& E ,2 /#I")&%"&-#; 3<+#% -,2 2">%# >4& /? @/AB C%# 7.?#A/"<- /?

C#%$%.05 D-.#% ?BFFAC= ,-"+#% -, E%3&&#"#6 F03&/1.#-B C"3$#- /? &%#

!/6( .0 8#"?/"130$# ?@AAGC= E13)) F$&-B 8#"?/"130$#= C%# G.))#00.41

306 &%# G3"<.05 /? C.1# ?BFFFC &4- 7.H#B F"& 306 8#"?/"130$# ?BFFDC=E /#7,-"+#% -,2 I#4#$%.'"/# >0 G#1/"( -, 2& %,6")+& 8#"?/"130$#

I#-#3"$%; ^<, /#I")&%"# -,2 ',)+"6&2 7.H# J4)&4"# E -,2 )"IK#)"# "4+,%7

4&/"#4&2 -&3&#K/?&%#K3"&?/"1 ?O&+, 9#-,%4= 8#4-%,)= BFF_C; P) K%#',)#%-, V,%'#%I&4/, &4- Q")<&2 *<2+<%, ,4 N#,:&IK+#4 54"6,%)"+E?8#4-%,)C;



!90* :";<*=9-.' `4+J%K%,+,= /#%,M$%&'#= -"%,/+#% -, ,)/,4& E K%#$%&I&7-#%; L,)-, @AaG +%&>&Y& /#I# "4+J%K%,+, E &)")+,4+, /#4 -"',%,4+,)

/#IK&b(&) E /#%,M$%&'#) ,4 P<%#K&; P) &<+#% -, C%# &3-&# .- 1.0#?BFFFC= C/6/- )/- ;4#0/- #-,L3- &.#0#0 1. #636 ?BFFBC= C%# 3,,).$3&./0

?BFFXC= 2& MK,%& E#H#0 3&&#1,&#6 #-$3,#- ?"/1 -.)#0$# ?BFFXM= E%.$%.1.

&/53"3-%. ?BFFcC= C/6/- )/- ;4#0/- 3"&.-&3- 6# 1. #636 #-&90 14#"&/-

?BFFGC= ,2 K%#E,/+# -, "46,)+"$&/"M4 73N 3 )3N ?BFFGdFaC= 2/0O& #H#0

&%.0< 3;/4& .& ?BFFaC E ;)4# ?BFFAC; U<) #>%&) K%#K#4,4 2& -")#2</"M4,4+%, 2& '"//"M4 E 2& %,&2"-&-; L,)-, BFF_ ,) L"%,/+#% 3%+()+"/# -,2:#-&.H3) P0K8"#-#0&3;)# ?9&-%"-C;

>#+01 7-1*)*6-.' 8"/,4/"&-# ,4 *",4/"&) ^()"/&) K#% 2& 54"6,%)"-&-3<+M4#I& -, 9&-%"-; `46,)+"$& )#>%, I&+,%"&2,) E K%#/,)#) ,4 ,4,%$(&)#2&% E I"/%#,2,/+%M4"/&; L"6<2$&-#% /",4+('"/#; L"%,/+#% E K%,),4+&-#%-,2 K%#$%&I& -, %&-"# Q0.H#"-/ 83"3)#)/= ,4 2& %&-"# -,2 *(%/<2# -,!,22&) 3%+,) -, 9&-%"-= N&-"# *(%/<2# @FF;D ^9 ?:++Kedd>2#$<4"6,%)#K&7%&2,2#;>2#$)K#+;/#IC;

&*61$ ?-@-+A2' *#I")&%"#= -%&I&+<%$#= ,)/%"+#% E /#7/%,&-#%; V%#',)#% -,

V,%'#%I&4/, U+<-",) ,4 2& S,R f#%g 54"6,%)"+E; L%&I&+<%$# -, 2#)/#%,M$%&'#) Q,%& 9&4+,%# E ]#h# ^"&-,"%#H :& /#2&>#%&-# /#4 9,$U+<&%+ E L&I&$,- i##-); *#-"%"$, 2&) 6"-,#7"4)+&2&/"#4,) ECI*EE

?BFFF= Y<4+# & !%</, 9&<C E 8"/+( ?BFF_= Y<4+# & N&/:,2 UR&"4C; *%,&=/#4 P2,#4#%& ^&>"&#= 2& ),%", -, K,%'#%I&4/,) R/"6.05 ?BFFD7cC E -"%"7$,d/#I")&%(& <4& %,,2&>#%&/"M4 -, 322&4 j&K%#Rk)= ST D3,,#0.05- .0 U

F$&- ?1&<) -,% j<4)+= 9<4"/:= BFFcC; 3<+#% -,2 2">%# *+%34-&.05 230$#

?BFFcC= ,-"+#% -, >? &%# 8"#-#0$# /? &%# !/6( ?BFFDC E /#7,-"+#%= Y<4+# &U&22E !&4,)= -, C%# E#0-#- /? 8#"?/"130$# ?BFFcC; 3/+<&2I,4+, "46,)+"7$& 2& %,2&/"M4 ,4+%, 2& -&4[&= 2& '"2#)#'(& E 2& ,)/<2+<%&;

3"**2- /0110*+0; P-"+#%& -, V3] V<>2"/&+"#4) E 8FVB F V/4"03) /?

8#"?/"130$# 306 F"& ; 3<+#%& -, 2">%#) /#I# C%#3&"#A".&.05- ?@AaDC=*$/)/5.#- /? C%#3&"# ?@AAcC E 8#"?/"130$# D.-&/".#- ?BFFaC; 1& ,-"+&-#6&%"&) &4+#2#$(&)= ,4+%, #+%&)e C%# C%#3&"# /? P135#- ?@AGGC= C%#3&"# /?

&%# I.6.$4)/4- ?@AGAC= P0&#"$4)&4"3).-1 306 8#"?/"130$# ?@AA@C= 8)3(-

?/" &%# *06 /? &%# J#0&4"( ?@AAcC= @#A *4"/,#B ,)3(- ?"/1 &%# $/0&.0#0&

&4- J/0H#"-3&./0- /0 F"& 306 8#"?/"130$# ?@AAAC; P) I",I>%# -,2i<$$,4:,"I ^,22#R):"K E 3/&-JI"/& ^<2>%"$:+; 1& -&-# /2&),) E /#47',%,4/"&) ,4 -"',%,4+,) <4"6,%)"-&-,) -,4+%# E '<,%& -, P)+&-#) 54"-#);

_Ac !"#$%&'(&)



P) V%#',)#%& -, O,&+%# ,4 O:, S,R U/:##2 '#% 8">,%&2 3%+)dP<$,4, 8&4$*#22,$, ?S<,6& f#%gC;

&*5B*2" &10CD"' L"%,/+#% &%+()+"/# -,2 O,&+%# -& Q,%+"$,I ?U&# V&<2#C;P4+%, #+%#) ,)K,/+./<2#) , "4+,%6,4/"#4,) ), K<,-, /"+&% 2& C".)/5L3

!L;).$3 /#IK<,)+& -, 83"3L-/ 8#"6.6/ ?@AABC= > 7.H"/ 6# VW ?@AAXC EF,/$3).,-# S=SS?BFFFC; 9.) %,/",4+,I,4+, :& %,&2"[&-# !IKX ?BFFcC ,4N"# O",+, ?U&# V&<2#C E ,4 2& !&:(& -, i<&4&%>& ?N(# -, ]&4,"%#C; P) K%#7',)#% ,4 2& P)/<,2& -, *#I<4"/&/"M4 E 3%+,) -, 2& 54"6,%)"-&-, -, Uh#V&<2# ,4 ,2 .%,& -, L"%,//"M4 O,&+%&2;

E#+01 F"1*0="' `46,)+"$&-#% -,2 *,4+%# -, *",4/"&) 1<I&4&) E U#/"&2,)-,2 *#4),Y# U<K,%"#% -, `46,)+"$&/"#4,) *",4+('"/&) ?9&-%"-C; ^<, >,/&7%"# K#)-#/+#%&2 ,4 2& 54"6,%)"-&- 8">%, -, !,%2(4= :& +%&>&Y&-# ,4 2&54"6,%)"-&- -, !<,4#) 3"%,) E ,) K%#',)#% "46"+&-# -, 2& 54"6,%)"-&- -,U&4+& *&+&%"4& ?!%&)"2C; 3<+#% -, 2#) 2">%#)e 73 H30543"6.3 &#3&"3) #0

*-,3Y3 ZS[U\KS[]\MB 6#) ".&43) 3) ^4#5/ ?@AAAC= 2.-$4"-/ &#W".$/ ( ,4#-&3

#0 #-$#03 #0 )/- 3Y/- -#-#0&3B )3- #0$"4$.^363- 6# )/- "#3).-1/- ?BFFFC=8#0-3" )3 &#3&"3).636 ?BFF_C E I#-.-&." #0 )3 #"3 6# )/- 1#6./-B #-&"3&#K

5.3- ,#"?/"13&.H3- #0 ).&#"3&4"3= &#3&"/= $.0# ( &#)#H.-.W0 ?BFFXC; P) ,-"7+#% -,2 3%/:"6# Q"%+<&2 -, 3%+,) P)/J4"/&) E '#%I& K&%+, -, 3NOP3;

70*#GH,2-# ?-,;0**; V%#',)#% -, P)+<-"#) O,&+%&2,) ,4 2& ]#:&44l#2'$&4$ i#,+:, 54"6,%)"+m+= ^%&4g'<%+ &I 9&"4; P4+%, )<) K<>2"/&/"#74,) -,)+&/&4e C%#3&#" 406 G(&%/-B 2.# _/0-&.&4&./0 6#- E4;^#<&- .1

2.-<4"- 6#" 30&.<#0 C"35/6.# ?@AA@C= 8/-&6"313&.-$%#- C%#3&#" ?@AAAC=23- 8/).&.-$%#KE$%"#.;#0 ?BFFBC;

&*=$42+0 ?266-44' P4 @AA_ '<4-& 3+%& !"2") O,&+%#= /#IK&b(& /#4 2& n<, :&22,6&-# & ,)/,4& -",/")J") /%,&/"#4,)e 73 ?3)-3 -4.$.63 ?BFFFC= *) 13&".K

1/0./ 83)3H"3<.- ?BFF@C= >0$# /0 3 &.1# .0 A#-& F-,%(+.3 ?BFFBC= ` )/-

,#$#- -3).#"/0 3 $/1;3&." $/0&"3 )/- %/1;"#- ?BFF_C= ` $W1/ 0/ -#

,46".W !)30$30.#H#- ?BFFXC= *) 3Y/ 6# I.$3"6/ ?BFFXC= !/+#/ ,3"3 $a)4K

)3- ( ,)30#&3- ?BFFcC= 8#""/ 14#"&/ #0 &.0&/"#"L3B )/- ?4#"&#- ?BFFGC 73

6#-/;#6.#0$.3 ?BFFaC= F0?3#5&#)-# ?BFFaC E 73 $3-3 6# )3 ?4#"b3 ?BFFAC=

,4+%, #+%#); 8"--,22 :& $&4&-# 4<I,%#)#) K%,I"#)= /#I# ,2 V%,I"# -,L%&I&+<%$"& `44#6&-#%& *&)& -, 3IJ%"/& BFF_ K#% @4;.)3 R3%)%#.1=,2 V%,I"# Ui3P -, O,&+%# BFFD K#% G. "#)3$.W0 $/0 )3 $/1.63 = ,2 V%,I"#

!"#$%&'(&) _AG



oY# *%(+"/# U,$<4-# 9"2,4"# BFFX ,4 %,/#4#/"I",4+# & )< +%&E,/+#%"&=V%,I"# S#+#-# -,2 VZ>2"/# &2 9,Y#% P)K,/+./<2# BFFG K#% 8#""/ 14#"&/

#0 &.0&/"#"L3B )/- ?4#"&#-= 3//J)"+ -,2 V%,I"# 8#K, -, Q,$& BFFG K#%!#)5"36/ H E V%,I"# Q&22,7`4/2.4 BFFa K#% *) 3Y/ 6# I.$3"6/c

I0J4" F0190*0' L, '#%I&/"M4 K,%"#-()+"/& E -, 6#/&/"M4 $&/,+"22,%&= :& +%&7 >&Y&-# -,)-, ,2 &b# @AAA ,4 ,2 .%,& -, ,)/J4"/&) ,4 %,6")+&) /#I#8".1#" F$&/= # ,4 K,%"M-"/#) /#I# 73 I3bW0 E *) 83L- ; 1& )"-# K%#$%&7I&-#% -, 2& *&)& -, 3IJ%"/&= -"%,/+#% -,2 L,K&%+&I,4+# -, O,&+%# -,2*,4+%# -, 2& 3%+,) -, 2& 54"6,%)"-&- -, 32/&2. E K%#$%&I&-#% -, 73

@/$%# #0 !)30$/ ?9&-%"-C; P4 2& &/+<&2"-&- -"%"$, ,2 ^,)+"6&2 EPEG> E/#2&>#%& /#I# K,%"#-")+& ,4 ,2 ^,)+"6&2 `4+,%4&/"#4&2 *"+,I#%?V#%+<$&2C;

K92; I9D"4' P)+<-"M <4 &b# -, L"%,//"M4 E L%&I&+<%$"& ,4 ,2 `4)+"+<+ -,2O,&+%, ?!&%/,2#4&C= K,%# 2# -,YM -,>"-# &2 /#4),%6&-<%")I# -, 2& "4)+"7+</"M4; 3-,I.) -, )< '&/,+& -, ,)/%"+#%= +&I>"J4 -"%"$, E &/+Z& ,4 )<)K%#K"&) K,%'#%I&4/,) /#I# 73 19d4.03 6# %3$#" #-,#$&9$4)/- ?BFFcC=F-,.".03 \ee 15 ?BFFaC= 7/- $4#",/- #+&"3Y/- ?BFFAC E C.;4"W0 &.5"#

?BF@FC; 1& /#2&>#%&-# /#4 /%,&-#%,) /#I# *&%I,2# U&2&[&%= U#4"&iMI,[= Q"/+#%"& 9&/&%+,= LL L#%6"22",% E 9&)< ^&Y&%-#; P) %,-&/+#% ,4 Y,', -, 2& %,6")+& -, &%+,) ,)/J4"/&) /#4+,IK#%.4,&) F"&".;4&/-

?RRR;,-"/"#4,),26"6,%#;/#IC= -"%"$, 2& ),//"M4 -, -&4[& -, O"I, o<+!&%/,2#4& E ,) %,)K#4)&>2, -, <4 >2#$ -, /%(+"/& &2+,%4&+"6& ?RRR;+,&7+%#4;/#Idn<"IK<Y#2C;

L62+2M*N

/0*9-4 3-442#+"' 8"/,4/"&-# ,4 ^"2#2#$(& `4$2,)& ?54"6,%)"-&- 3<+M4#I& -,9&-%"-C E 9.)+,% ,4 V%./+"/& P)/J4"/& E *<2+<%& Q")<&2 ?54"6,%)"-&- -,32/&2.C; 1& %,&2"[&-# ,)+<-"#) /"4,I&+#$%.'"/#) ?5*9 , `4)+"+<+# -,2*"4, -, 9&-%"-C= -, +,&+%# ?539C E -, -"%,//"M4 ,)/J4"/& ?NPU3LC; P)I",I>%# '<4-&-#% -, 2& /#IK&b(& 73 J313 -.0 D3$#" = -#4-, :& -,)&7%%#22&-# 2&>#%,) -, -"%,//"M4= &/+<&/"M4 E -%&I&+<%$"&; P) /#2&>#%&-#%-, 3NOP3 E ,4 BF@F +%&>&YM ,4 ,2 3%/:"6# Q"%+<&2 -, 3%+,) P)/J4"/&);

/01<0 !"#$ F289-*5-#' 8"/,4/"&-& ,4 1")+#%"& ?V#4+"'"/"& 54"6,%)"-&-*&+M2"/& -, *:"2,C E 9.)+,% ,4 V%./+"/& P)/J4"/& E *<2+<%& Q")<&2?54"6,%)"-&- -, 32/&2.C; 3<+#%& -,2 2">%# D.-&/".3 E/$.3) 6# )3 230b3 #0

_Aa !"#$%&'(&)



J%.)#B f.-./0#-= #-$4#)3- ( 6.-$4"-/- S[geKS[[e E /#&<+#%& -, 230b3

.06#,#06.#0&# #0 J%.)#= "#$/0-&"4$$.W0 6# 403 #-$#03= S[[eKheee ?BFFAC;

`46,)+"$&-#%& -,2 *,4+%# -, `46,)+"$&/"M4 E 9,I#%"& -, 2&) 3%+,)P)/J4"/&) ,4 *:"2, ?*`9d3,C E -, 3NOP3; P) /#2&>#%&-#%& -,2 3%/:"6#Q"%+<&2 -, 3%+,) P)/J4"/&) E :& )"-# /##%-"4&-#%& -,2 9.)+,% ,4V%./+"/&) P)/J4"/&) E *<2+<%& Q")<&2 ?BFFA7BF@FC;

!"#$%&'(&) _AA





!"#$%&'(")*

!"#$ &' ()*+,-.' +%#,)**#% #, .%/ 0"*/#%1 &/ /() 23"4)%*"/1 #, 5&*/"66&78&9&3:(&; .</(#%= &>#3$ #/()%*= #, /() ?##@* !"#$%& ( #) *+,"#-./0.-1/

A5<)3:&= BCCDE= 2"313&4"5.3- 6# )3 .135#0 ABCCFE= 73 #-$#03 1/6#"03

ABCCCE= 8"9$&.$3- 6# )/ "#3) #0 )3 #-$#03 $/0&#1,/"90#3 ADGGHE= &3I #,

>&31 &%/":6)* #3 &)*/()/":*= :#3/)>'#%&%1 &%/ &3I /()#%1 &3I ("*/#%1 #,

')%,#%>"3$ &%/*; 0) "* /() I"%):/#% #, /() %)*)&%:( $%#<' .JKL. &3I

)I"/#% #, /() M"%/<&6 .%:("4) #, +)%,#%>"3$ .%/*

ANNN;&%/)*)*:)3":&*;#%$E;

/012" 3-44052*' LO')%">)3/&6 N%"/)%; 0"* 3#4)6* :)/"#- = ADGGDE &3I 7#$$./0#-

,3"3 403 ).#;"# 14#"&3 ADGGPE= &>#3$ #/()%*= '%#'#*) & $&>) ?)/N))3

%)&6"/1 &3I ,":/"#3= /"3$)I N"/( ,&6*) '%#/#:#6*= :(%#3":6)*= ?"#$%&'(")*

#% *:")3/"*/ I#:<>)3/*; .</(#% #, /() '6&1 !)3$</4& ; !)66&/"3 (&* ?))3

0)&I #, /() Q)'&%/>)3/ #, 8"/)%&/<%) &3I 0<>&3"/")* &/ /()

23"4)%*"I&I I)6 56&<*/%# I) R#% S<&3&= &3I "* & >)>?)% #, /() T&/"#3&6

R1*/)> #, 9)O":&3 5%)&/#%*; 0) "* :<%%)3/61 I"%):/"3$ /() L*:<)6&

Q"3U>":& I) L*:%"/#%)* "3 9)O":# QV;

&6120* 7-05,82-46' 0"* %)*)&%:( #3 6"4) &%/ &3I ')%,#%>&3:) $#)* ,%#> :%"7

/":&6 /()#%1= /# :%)&/"4) '%&:/":) &3I /# :<%&/"3$; .</(#% #, /() ?##@ =4&

/> ?/@A B%# 7.>#@/"<- /> B#%$%.05 C-.#% ADGGCE= )I"/#% #, D%3&&#"#6

E03&/1.#-A B"3$#- /> &%# !/6( .0 8#">/"130$# ABCCHE= D13)) E$&-A

8#">/130$#F B%# G.))#0.41 306 &%# G3"<.05 /> B.1# ADGGGE &3I 7.H#A

E"& 306 8#">/"130$# ADGGFE= &3I :#7)I"/#% #, /() >#3#$%&'( =0

G#1/"(F &3 "**<) #, /() W#<%3&6 8#">/"130$# I#-#3"$%J 0) &6*# :#7:<%&7

/)I /() ,)*/"4&6 7.H# K4)&4"# &3I /() "3/)%3&/"#3&6 -&3&#L/>&%#73"&>/"1*1>'#*"<> AK&/) 9#I)%3= 8#3I#3= DGGXE; 0) "* +%#,)**#% #,

+)%,#%>&3:) &3I M"*<&6 5<6/<%) &/ J#)(&>'/#3 23"4)%*"/1 A8#3I#3E;



!90* :";<*=9-.' +)%,#%>)%= :(#%)#$%&'()%= */&$) I"%):/#% &3I :<%&/#%;

V%#> BCYH= () N#%@* &* & ')%,#%>)% &3I &**"*/&3/ N"/( I",,)%)3/ :#>7

'&3")* &3I :(#%)#$%&'()%* "3 L<%#'); 0) "* /() &</(#% #, B%# B3-&# .- 1.0# ADGGGE= B/6/- )/- ;4#0/- #-,M3- &.#0#0 1. #636F ADGGDE= B%#

E,,).$3&./0 ADGGPE= /() #')%& D#H#0 3&&#1,&#6 #-$3,#- >"/1 -.)#0$#

ADGGPE= D%.$%.1. &/53"3-%. ADGGZE= B/6/- )/- ;4#0/- 3"&.-&3- 6# 1. #636

#-&90 14#"&/- ADGGHE= /() %)*)&%:( '%#W):/ 73N 3 )3N ADGGH[GYE= 2/0O&

#H#0 &%.0< 3;/4& .& ADGGYE &3I ;)4# ADGGCE; 0"* N#%@* *<$$)*/ & I"**#6<7

/"#3 ?)/N))3 ,":/"#3 &3I %)&6"/1; R"3:) DGGX () "* .%/"*/": Q"%):/#% #, /()

:#-&.H3) P0L8"#-#0&3;)# A9&I%"IE;

>#+01 7-1*)*6-.' \%&I<&/)I "3 +(1*":* &/ /() .</#3#>#<* 23"4)%*"/1 #,

9&I%"I; J)*)&%:()% &3I I)4)6#')% #, >&/)%"&6* &3I '%#:)**)* "3 *#6&%

)3)%$1 &3I >":%#)6):/%#3":*; R:")3/",": '#'<6&%"])%; Q"%):/#% &3I '%)7

*)3/)% #, /() %&I"# '%#$%&> +&%&66)6 23"4)%*) &/ /() 5^%:<6# I) !)66&*

.%/)* #, 9&I%"I= J&I"# 5^%:<6# BGG;F V9 A(//'_[[?6#$<3"4)%*#'&%&6)7

6#;?6#$*'#/;:#>E;

&*61$ ?-@-+A2' 5<%&/#%= I%&>&/<%$= N%"/)% &3I :#7:%)&/#%; .**#:"&/)

+%#,)**#% "3 +)%,#%>&3:) R/<I")* &/ /() T)N `#%@ 23"4)%*"/1; 0) N&*/() I%&>&/<%$ #, /() :(#%)#$%&'()%* M)%& 9&3/)%# &3I S#a# V"&I)"%#=

&3I () :#66&?#%&/)I N"/( 9)$ R/<&%/ &3I Q&>&$)I \##I*; 0) :#7I"%):/7

)I /() 4"I)#7"3*/&66&/"#3* DBI*DD ADGGG= /#$)/()% N"/( !%<:) 9&<E &3I

8"/+( ADGGX= /#$)/()% N"/( J&:(&)6 RN&"3E; 0) :#7:%)&/)I= N"/( L6)#3#%&

V&?"a#= /() ')%,#%>&3:) *)%")* Q/"6.05 ADGGF7ZE= &3I () "*

:<%&/"3$[I"%):/"3$ & %)>&@) #, .66&3 b&'%#Nc* RS C3,,#0.05- .0 T E$&-

A0&<* I)% b<3*/= 9<3":(= DGGZE; .</(#% #, /() ?##@ *+%34-&.05 230$#

ADGGZE= )I"/#% #, => &%# 8"#-#0$# /> &%# !/6( ADGGFE &3I :#7)I"/#%= N"/(

R&661 !&3)*= #, B%# D#0-#- /> 8#">/"130$# ADGGZE; 0"* :<%%)3/ %)*)&%:(

,#:<*)* #3 /() %)6&/"#3*("'* ?)/N))3 I&3:)= '("6#*#'(1 &3I *:<6'/<%);

3"**2- /0110*+0' R() "* '<?6"*()% &3I )I"/#% #, /() d?") .N&%I7N"33"3$

+.S +<?6":&/"#3* &3I 8EUA E U/4"03) /> 8#">/"130$# 306 E"& ; .</(#% #,

?##@* *<:( &*_ B%#3&"#@".&&.05- ABCYFE= *$/)/5.#- /> B%#3&"# ABCCZE &3I

8#">/"130$# C.-&/".#- ADGGYE; R() (&* )I"/)I >&31 &3/(#6#$")*= "3:6<7

I"3$_ B%# B%#3&"# /> P135#- ABCHHE= B%#3&"# /> &%# I.6.$4)/4- ABCHCE=

P0&#"$4)&4"3).-1 306 8#">/"130$# ABCCBE= 8)3(- >/" &%# *06 /> &%#K#0&4"( ABCCZE &3I K/0H#"-3&./0- /0 E"& 306 8#">/"130$# ABCCCE; R()

"* & \<$$)3()"> V)66#N &3I V<6?%"$(/ R)3"#% R:(#6&%= &3I *() (&*

FGD !"#$%&'(")*



/&<$(/ "3 I",,)%)3/ <3"4)%*"/")* "3 &3I #</ 2R.; R() "* +%#,)**#% #,

K()&/%) &/ K() T)N R:(##6[L<$)3) 8&3$ 5#66)$) ,#% 8"?)%&6 .%/* AT)N

`#%@E;

&*5B*2" &10CD"' 0) "* /() &%/"*/": I"%):/#% #, K)&/%# I& M)%/"$)> AR&#

+&<6#E; .>#3$ #/()% '%#I<:/"#3* &3I :%)&/"#3* :&3 ?) >)3/"#3)I

B".)/5M3 !.;).$3 ,#%>)I ?1 83"3M-/ 8#"6.6/ ABCCDE= = ).H"/ 6# U/ ABCCPE

&3I E,/$3)(,-# RJRR ADGGGE; 0) (&* %):)3/61 I"%):/)I "3 !ILV ADGGZE '%)7

*)3/)I "3 /() %"4)% K")/) AR&# +&<6#E &3I "3 \<&3&%?& !&1 AJ"# I)

S&3)"%#E; 0) "* & 6):/<%)% &/ /() R:(##6 #, 5#>><3":&/"#3* &3I .%/* &/

/() 23"4)%*"I&I) I) Ra# +&#6#= "3 /() &%)& #, K()&/%) Q"%):/"#3;

>#+01 E"1*0="' J)*)&%:()% #, /() 5)3/%# I) 5")3:"&* 0<>&3&* 1 R#:"&6)*

I)6 5#3*)W# R<')%"#% I) e34)*/"$&:"#3)* 5")3/^,":&* A9&I%"IE; 0) N&*

$%&3/)I & ,)66#N*("' ?1 /() V%)) 23"4)%*"/1 #, !)%6"3 &3I () (&* ?))3 &

6):/<%)% &/ /() 23"4)%*"/1 #, !<)3#* ."%)* &* N)66 &* & 4"*"/#% 6):/<%)% &/

/() 23"4)%*"/1 #, R&3/& 5&/&%"3& A!%&]"6E; 0) (&* N%"//)3= &>#3$ #/()%*=

/() ?##@*_ 73 H30543"6.3 &#3&"3) #0 *-,3W3 XRYTZLRY[Z\A 6#) ".&43) 3)

]4#5/ ABCCCE= 2.-$4"-/ &#^".$/ ( ,4#-&3 #0 #-$#03 #0 )/- 3W/- -#-#0&3A )3-

#0$"4$.]363- 6# )/- "#3).-1/- ADGGGE= 8#0-3" )3 &#3&"3).636 ADGGXE &3II#-.-&." #0 )3 #"3 6# )/- 1#6./-A #-&"3&#5.3- ,#">/"13&.H3- #0 ).&#"3&4"3F

&#3&"/F $.0# ( &#)#H.-.^0 ADGGPE; 0) "* )I"/#% ,#% /() M"%/<&6 .%:("4) #,

+)%,#%>"3$ .%/* &3I ?)6#3$* /# .JKL.;

70*#FG,2-# ?-,;0**' +%#,)**#% #, K()&/%) R/<I")* "3 /() S#(&33

f#6,$&3$ \#)/() 23"4)%*"/g/= V%&3@,<%/ &> 9&"3; .>#3$ ("* ?##@*_

B%#3&#" 406 G(&%/-A 2.# _/0-&.&4&./0 6#- D4;]#<&- .1 2.-<4"- 6#"30&.<#0

B"35/6.# ABCCBE= 8/-&6"313&.-$%#- B%#3&#" ABCCCE= 23- 8/).&.-$%#L

D$%"#.;#0 ADGGDE;

&*=$42+0 ?266-44' e3 BCCX ,#<3I)I ./%& !"6"* K)&/%#= & :#>'&31 N"/( N(":(

*() (&* %)'%)*)3/)I *"O/))3 '6&1*_ 73 >3)-3 -4.$.63 ADGGGE= *) 13&".1/L

0./ 83)3H"3<.- ADGGBE= =0$# /0 3 &.1# .0 @#-& E-,%(+.3 ADGGDE= ` )/-

,#$#- -3).#"/0 3 $/1;3&." $/0&"3 )/- %/1;"#- = E06 &%# :.-% -#& />> &/

>.5%& &%# G#0 ADGGXE= ` $^1/ 0/ -# ,46".^ !)30$30.#H#- ADGGPE= *) 3W/ 6#

I.$3"6/ ADGGPE= !/+#/ ,3"3 $a)4)3- ( ,)30#&3- ADGGZE= 8#""/ 14#"&/ #0

&.0&/"#"M3A )/- >4#"&#- ADGGHE= 73 6#-/;#6.#0$.3 ADGGYE= E0>3#5&#)-#ADGGYE 1 73 $3-3 6# )3 >4#"b3 ADGGCE= &>#3$ #/()%*; R() (&* ?))3 &N&%7

I)I >&31 /">)*_ +%)>"# I) Q%&>&/<%$"& e33#4&I#%& 5&*& I) .>h%":&

!"#$%&'(")* FGX



DGGX ,#% ?4;.)3 Q3%)%#.1= +%)>"# R\.L I) K)&/%# DGGF ,#% G. "#)3$.^0

$/0 )3 $/1.63 = +%)>"# dW# 5%^/":# R)$<3I# 9"6)3"# DGGP "3 %):#$3"/"#3

/# ()% :&%))%= +%)>"# T#/#I# I)6 +i?6":# A!)*/ +6&1 DGGHE ,#% 8#""/ 14#"&/ #0 &.0&/"#"M3A )/- >4#"&#-F .::h*"/ I)6 +%)>"# 8#') I) M)$& DGGH

,#% !#)5"36/ &3I +%)>"# M&66)7e3:6U3 DGGY ,#% *) 3W/ 6# I.$3"6/J

H0I4" E0190*0' f"/( W#<%3&6"*/: )I<:&/"#3 &3I /&?6#"I 4#:&/"#3 5&%<&3&

(&* N#%@)I ,%#> BCCC "3 /() ,")6I #, +)%,#%>"3$ .%/*= "3 >&$&]"3)*

*<:( &* 8".1#" E$&/ #% 3)N*'&')%* &* 73 I3b^0 &3I *) 83M- ; 0) N&* &

:<%&/#% "3 8& 5&*& I) .>h%":&= () I"%):/)I /() K()&/%) Q)'&%/>)3/ &/

/() 5)3/%# I) 6&* .%/)* A23"4)%*"I&I I) .6:&6UE; 5<%%)3/61 () I"%):/*

ReR9d V)*/"4&6 &3I :#66&?#%&/)* &* W#<%3&6"*/ &/ /() 5"/)>#%

e3/)%3&/"#3&6 V)*/"4&6 A+#%/<$&6E;

J92; H9D"4' 0) */<I")I Q"%):/"#3 &3I Q%&>&/<%$1 &/ /() e3*/"/</ I)6 K)&/%)

A!&%:)6#3&E ,#% #3) 1)&%= ?</ () $&4) <' ?):&<*) #, /() *:(##6c* :#37

*)%4&/"4) ?)3/; !)*"I)* N%"/"3$= () I"%):/* &3I ')%,#%>* ("* #N3 '"):)*=

*<:( &* 73 19c4.03 6# %3$#" #-,#$&9$4)/- ADGGZE= E-,.".03 Zdd 15

ADGGYE= 7/- $4#",/- #+&"3W/- ADGGCE &3I B.;4"^0 &.5"# ADGBGE; 0) "* :("),

:#3/%"?</"3$ )I"/#% #, /() :#3/)>'#%&%1 ')%,#%>"3$ &%/* >&$&]"3)E"&".;4&/- ANNN;)I":"#3)*)64"4)%#;:#>E= %<3* /() I&3:) *):/"#3 #, B.1#

=4& !3"$#)/03 = &3I N%"/)* & ?6#$ #, &6/)%3&/"4) %)4")N* &3I :%"/"j<)

ANNN;/)&7/%#3;:#>[j<">'<W#6E;

K6252*=L

/0*9-4 3-442#+"' !;.; 0#3#<%* "3 L3$6"*( +("6#6#$1 A23"4)%*"I&I .</k3#>&

I) 9&I%"IE &3I 9. "3 +)%,#%>"3$ .%/* &3I M"*<&6 5<6/<%) A23"4)%*"I&I

I) .6:&6UE; 0) (&* :#>'6)/)I V"6> A259= Te5E= K()&/%) A&/2.9E &3I

R/&$) Q"%):/"3$ */<I")* AJLR.QE; 0) "* >)>?)% #, 73 K313 -.0 C3$#"

FGF !"#$%&'(")*

Date post:	07-Aug-2018
Category:	Documents
Upload:	patricia-mallarini-ramirez
View:	222 times
Download:	0 times

repensar la dramaturgia.pdf

Documents