8/!#'(0(#/!,.*(#/%&! +&%%/!*0/,9/!-:(+)$',/4($+&! $33 ... · PDF file! !...

17
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

Transcript of 8/!#'(0(#/!,.*(#/%&! +&%%/!*0/,9/!-:(+)$',/4($+&! $33 ... · PDF file! !...

! ! "##$!%&!'()%&**($+(!&,&'*&!-.'/+0&!%/!-(*#.**($+&1-(2/00(0$!$'3/+(44/0/!-/!5.*(#/!6(7/!

8/!#'(0(#/!,.*(#/%&!+&%%/!*0/,9/!-:(+)$',/4($+&!

$33(!(+!;0/%(/!

!

"#!$%!&'(&)*!+,*-+*!!"#$%&'($)&!./!-'()'0*!)1#!-'2*00*!21'!3/#,.'!21#!41/0-*!/##/!5,/#/6!')!,*##/7*-/8'*)1!,*)!&#'!9:','!21##/!5,/#/6!()!;(/#'<',/0'++':*!&-(33*!2'!3-*<1++'*)'+0'!1!2'!1+31-0'=!"!3'>!':3*-0/)0'!/+3100'!21##?/-&*:1)0*!')!2'+,(++'*)16!#/!+'0(/8'*)1!*2'1-)/!')!"0/#'/! 21##/! ,-'0',/! :(+',/#1! )1##/! +0/:3/! 2?')<*-:/8'*)16! 1-/)*! 3-1#':')/-:1)01! 0*,,/0'! )1#! 3-*:1:*-'/! ,.1! ;('! 2'! +1&('0*!-'3*-0'/:*=!

!

<=>5"5>=;?!<"=!@A!B;C?DD;D>!

EF!?%#.+(!)/00(F!

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

GH!8/!)(3.'/!-&%!#'(0(#$!,.*(#/%&F!

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

%3$0$%+' #":1$' &))/5$2/50$' #/5-&' /##/3/' %+58"#+?' 03&)+10+' +'%+503&../00+'5/117&%%"2"1+'.$'&30$%+1$<'*&'%+#0&50/',3/#/5-&'/'N7/##/3',"50+'.$'3$8/3$2/50+'5+5'5&#%/',/3'$1'%3$0$%+'2"#$%&1/'.&'"5'&00+'.$',3/#"5-$+5/<'O:5$'%3$0$%+'#&'%6/'+:5$'#"+',/--+'%+50$/5/'+##/3)&-$+5$',"50"&1$'/'&103/':/5/3$%6/?'3$81/##$+5$'$50/3/##&50$'/'3$81/##$+5$'2/5+'3$"#%$0/?'/'#&'&5%6/'%6/'1&'#"&'%+2,/0/5-&'9'2&::$+3/'$5'&1%"5$'&#,/00$'/.'$5'&103$'9'2$5+3/<'LP',+##$>$1/'%6/'$5'+:5$'+%%&#$+5/'#$',+##&'+#,$0&3/' #"11+' #0/##+' :$+35&1/' "5' &30$%+1+' ,$;' $50/5#+' /' ,$;'%+5%1"#$)+' ./1' #"+<'!&' #&' %6/' $1' 3&,,+30+' 03&' $1' 1/00+3/' /' $1'%3$0$%+'5+5'5&#%/'.&'$#+1&0$'%&##/00$'.$'%+5+#%/5-&'.&')/3#&3/'

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

IF!;%!'.$%$!-&%!#'(0(#$!,.*(#/%&F!

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

!@'3*-0'/:*!#/!0-/+,-'8'*)1!21#!2'7/00'0*!,*+A!,*:1!+'!B!+C*#0*=!D'!./))*!3/-01,'3/0*!'!,-'0','!:(+',/#'!E')!*-2')1!2'!')01-C1)0*F!G*-1)8*!9--(&/6!9#<-12*!H/)21##'6!H',.1#/)&1#*!I(-#100'6!J121#1!K?9:',*6!L/-#/!H*-1)'6!J-/),/!L1##/6!9#1++/)2-*!M/-',,*6!51-&'*!5/7#',.6!K('#'*!L*(-'-6!G('&'!K'!J-*)8*6!9)&1#*!J*#100*6!#/!<*0*&-/</!5'#C'/!G1##'!H/+*00'6!'#!,-'0',*!01/0-/#1!N&*!D*##'!12!'#!3'/)'+0/!H/-'*!K1##'!O*)0'=!

!

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

?8L="B>!5?AB"88;F!X1#!3-*:1:*-'/!+'!B! /,,1))/0*! /! +,1#01! 21'! 2'-100*-'! 21##1!3(77#',/8'*)'6! 21'! ;(*0'2'/)'! 1! 21'!31-'*2','=! "*! C*--1'! </-! )*0/-1! ;(1+0*Y! #1!+,1#01! 21'! 2'-100*-'! ')! ;(1+0*! :*:1)0*!)*)! +*#0/)0*! +0/))*! 0-/+<*-:/)2*! '#!,*)01)(0*! 21##*! +3/8'*! ,.1! 3(Z! 1++1-1!/),.1! /,,-1+,'(0*! E31-,.Q6! 0/)0*! 31-!,*:'),'/-16! +'! 3-1*,,(3/)*! 2'! :1001-,'!21##1! 1)*-:'! <*0*&-/<'1F6! :/! +0/))*!01)0/)2*!2'!<*-:/-16!/)8'!2'!0-/+<*-:/-16!')!&'*C/)'!,-'0','!2'!)(*C*!0'3*!;(1##'!:',/!0/)0*! &'*C/)'! ,.1! +'! 0-*C/)*! /! ,*##/[!7*-/-1! ,*)! #*-*! :/&/-'! 2/! C1)0',');(1!/))'6! ':3*)1)2*! #*-*! 2'! )*)! 3/-#/-1! 2'!01-:')'! 2'!:(+',/6! 2'! )*)! )*:')/-1! '#! +'!71:*##1! E*! /#0-*! )*:1! 2'! )*0/F6! 31-,.Q!31-!#1!31-+*)1!)*-:/#'!B!0-*33*!2'<<','#1W!*-/6! B! 71)1! ,.1! +'! +/33'/! ,.1! ,'! +*)*!/),.1!+'0(/8'*)'!2'!;(1+0*!&1)1-1\!

K/! :*#0*! 01:3*! :'! 1-/! C1)(0/! #?'21/!E/++(-2/!+*#*!2/!()!,1-0*!3()0*!2'!C'+0/F!

,.1!+/-1771!*33*-0()*6!/::1++*!,.1!,'!C1)&/)*6! 1! /::1++*! ,.1! 3*'! +1-C/6!,*)C*,/-1! 3-*3-'*! '! 2'-100*-'! 21'!;(*0'2'/)'! 1! 21'! 31-'*2','6! 31-! -'(+,'-1! /!</-! 2'-1! #*-*! ;(/#'! +*)*! '! ,-'01-'! ,*)! ,('!+,1#&*)*! '#!,-'0',*6!,*)!,('!&#'!2',*)*!,.1!,*+/!21+'21-/)*!,.1!</,,'/6!1,,=!

?==@K?F! ](1+0/! '21/! 2'! ,.'/:/-1! '!2'-100*-'!:'!+1:7-/!()/!</+1!2'!#/C*-*!')!,('! ,'! /CC1)0(-1-1:*! +1)8?/#0-*=! T! 3*'6!C'+0*! ,.1! ./! ,'0/0*! #1! <*0*&-/<'16! C*--1'!+/31-1!2/! 5'#C'/! G1##'!H/+*00'! ,.1! 0'3*!2'!<*0*&-/<'/!,.'12*)*! '!&'*-)/#'6! +1!,?B!()/!')01)8'*)1! 2'! +3'1&/-1! ,.1! ,*+/! /CC'1)1!)1##/!:(+',/6!+*3-/00(00*!)1&#'!+3100/,*#'!2?*31-/6! /00-/C1-+*! #/! <*0*&-/<'/6! *! +1! B!()!/#0-*!0'3*!2'!<*0*&-/<'/!,.1!+'!+,1&#'1=!

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

@K>!6>88;F! "*! +*)*!()*!,.1!&'*,/! <(*-'!,/+/6!;('=!O*0-1'!/'(0/-C'6!<*-+16!)*)!0/)0*!+(##/!<*0*&-/<'/!01/0-/#16!:/!:1001)2*:'!,*:1! :(-*! +(! ,('! &'*,/-1! /! 01))'+! 2'!-':7/#8*=! _*! #/! +1)+/8'*)1! ,.1! ,'! +'/)*!/#,()'! 3-*7#1:'! ,.1! +*)*! ,*:()'! /#!C*+0-*! #/C*-*6! /#! )*+0-*6! ,.1! ,'! *,,(3'/[!:*! 2'! 01/0-*6! /! ;(1##*! 2'! /#0-'! +100*-'!

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`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a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

D*--1'! 7(00/-1! #A! ()! /#0-*! 3-*7#1:/! ,.1!:'! C'1)1! ')!:1)016! ,.1! B! ':3*-0/)01! ')!;(1+0*!:*:1)0*!)1#! 01/0-*!2'!3-*+/6!12!B! ;(1##*! 21##/! *33*-0()'0U! *! )*)!*33*-0()'0U! 31-! '#! ,-'0',*! 2'! :/)01)1-+'!E<-/!:*#01! C'-&*#1001F! R3(-*S=!H'! +3'1&*W!21C1! *! )*)! 21C1! '#! ,-'0',*6! ,*:1! +'!01*-'88/C/! ;(/#,.1! /))*! </6! +3*-,/-+'! #1!:/)'a!L'*B!(+/-1!#/!+(/!,*:3101)8/!31-W!)1#! 01/0-*6! 0-/2(--1Y! 31-! ')+1&)/-1!/##?()'C1-+'0UY! 31-! 2'-'&1-1! 21'! <1+0'C/#Y!31-===! K1C1! </-#*! *! )*)! </-#*a! ')! ,.1!:'+(-/! 21C1! ,1-,/-1! 2'! 3#/+:/-1! '#!R:1-,/0*S! E<-/! :*#01! C'-&*#1001F! 21##/!R+(/! /-01S! -'+3100*! /##1! +(1! '3*01+'!01*-',.1a! ")! ,.1! :'+(-/! 21C1! 2'C1)0/-1!')01##100(/#1! *-&/)',*a! ](1+0*! B! ()!3-*7#1:/=!

?==@K?F!K1C*!2'-1!,.1!+(!;(1+0*!01:/6!')! ()! ')01-C1)0*! +,-'00*6! +'! B! -/,,*:/)[2/0*! /),.1! ,.1! 1)0-/++':*! ')! 2'+,(+[+'*)1!P'*-&'*!P(/#1-8'=!

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

?==@K?F! D*--1'! </-1! 3-1+1)016! /! 3-*[3*+'0*! 21##/! ,*:3101)8/! 01,)',/6! ,.1! #/!3*+'8'*)1! B! ()! 3*?! 2'C1-+/! -'+3100*! /#!</00*! #1001-/-'*W! )1##/! #1001-/0(-/6! /2!1+1:3'*6! ')! &1)1-1! '#! #100*-1! B!/77/+0/)8/! ')<*-:/0*! +(##/! :/01-'/Y!,*:();(1! B! +0/0*! /! +,(*#/6! +/! #1&&1-1Y!)1##1!/-0'!<'&(-/0'C1!)*)!+/3-U!:*#0*6!:/!./! 3-*C/0*! /! 2'+1&)/-1Y! )1##/!:(+',/6! #/!01,)',/!B!3'>!:'+(-/7'#16!:/!)1##*!+01++*!01:3*!#*!+3100/0*-1!E1!,'*B6!C*&#'*!2'-16!'#!#100*-1F! )*-:/#:1)01! B! 3*,.'++':*!')<*-:/0*!2'!01,)',/!:(+',/#16!1!;(')2'!#/!2'+0/)8/!+'!</!3'>!<*-01=!

5;NO"8?AK"8>! J@=8"DD;F! D*#1C*!-'3-1)21-16! /33()0*6! ;(1+0*! 0'3*! 2'!/-&*:1)0*! 31-,.Q! +1,*)2*! :1! #/!2'<<1-1)8/! C1-/! ,.1! 2'+0')&(1! #^1+31[-'1)8/! 21##/! ,-'0',/!:(+',/#1! 2/##/! ,-'0',/!2'!/#0-1!2'+,'3#')1!B!/33()0*!;(1+0/!21##/!,*:3101)8/=! T2! B! #^()',/! ,.1! )*)! 3(Z!1++1-1! 1+'7'0/=! X*)! 0/)0*! 31-,.Q6! ,*:1!2',1C/! H/)21##'! 3-':/6! )*)! +'! 3*++/!,'0/-1!'#!R+'!71:*##1??6! '#!+'!71:*##1!+'!3(Z!,'0/-16! +'!3(Z!,'0/-1!/),.1!()!3*?!2'!3'>6!:/! B! 3-*3-'*! '#! +'+01:/! /)/#'0',*! ,.1!1)0-/!')!&'*,*=!

?==@K?F!9!*&'[/,">>1$%&!,?B!#',1)8/!2'!+'!71:*##1=!

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

;(1+0/! ,/3/,'0U6! ;(1+0/! )1,1++'0U! 2'!')<*-:/-1! +(##?/CC1)':1)0*! :(+',/#16!3-'C'! 2'! ()! /33*&&'*! 01,)',*6! ,*:1!</,,'/:*a! O-*7/7'#:1)016! 2/##?1+31[-'1)8/! 2'! K?9:',*! 3(Z! C1)'-! <(*-'! ()/!-'+3*+0/!,.1!3(Z!')01-1++/-1!0(00'=!

L"B"8"!BP?5;N>F!K();(16!;(1##*!,.1!./!-/,,*)0/0*!I(-#100'!B!C1-*!,.1! #^.*!2100*!'*6! :/! B! ()/! ;(1+0'*)16! 2','/:*6! 2'!3-*3*-8'*)'=! G/! ,*:3101)8/\! L.1! ,*+/!C(*#!2'-16! #/! ,*:3101)8/a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a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b! )*)! C/#1! )'1)016! #*! ,/3'+,*!71)'++':*6! )*)! B! ,.1! )*)! #?.*! ,/3'0*W!,/3'+,*! L*-)1#'(+! L/-21b! :*#0*! :1&#'*!2'! M110.*C1)6! 0-*C*! :*#0*! :1)*!+31++*-1! 2/! ,/3'-16! +'! ,/3'+,1! +(7'0*=! 9#!,-'0',*! ')C1,1! +'! 21C1! ,.'121-16! +*3-/0[0(00*6!#?')<*-:/8'*)1!E#?')<*-:/8'*)1!+?')[01)21! 2'! 0(00'! '! &1)1-'F=! G('6! I(-#100'6! ./!,'0/0*! #^/<</-1! 21'! 0/&#'! 1! 21'! )*)! 0/&#'6!;(1##*!B!()!1+1:3'*!+*::/-'*=! "#!,-'0',*!

21C1! ,1-,/-1! 2'! ')<*-:/-1! +(! ,.1! ,*+/6!3-':/!2'!0(00*a!92!1+1:3'*!21#!+(,,1++*6!*!21'!<'+,.'=!](1+0*!#*!+*!,.1!*&&'!B!3*,*!2'!:*2/6!31-,.Q!*&&'! ;(/#! B! '#! ,*)01&)*!2'! ()! 3(77#',*! /! ()! ,*),1-0*a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

T! ;('! C1)'/:*! /#! </00*! <*)2/:1)0/#1W! /!,.'!+'!-'C*#&1!#/!,-'0',/a!G/!,-'0',/!+1,*)2*!:1! +'! -'C*#&16! C1-/:1)016! /&#'! /33/+[+'*)/0'! 1! +*#/:1)01! /! #*-*W! )*)! +'! 2'-'&1!/#! #100*-1! 21#! &'*-)/#16! 31-,.Q! '#! #100*-1!21#!&'*-)/#1!)*)!1+'+016!1+'+01!'#!#100*-1!2'!R,1-01! 3/-0'S! 21#! &'*-)/#1=! T^! ')(0'#1!31)+/-1===! '#! -1+*,*)0*! 2'! ()/! 3/-0'0/! 2'!,/#,'*! /! ,.'! C/6! /#! #100*-1! 21#! &'*-)/#1a!

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c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dW!#*!2',/\!O1-,.Q! #/!,*:3101)8/!()'C1-+/#1!/++*#([0/:1)01!)*)!1+'+01\!

T2! 1,,*! ()! 3()0*=! O1-! 1+1:3'*6! #/!</,,1)2/! 21&#'! 1+1,(0*-'=! H/! &#'!1+1,(0*-'! )*)! 7'+*&)/! 0/)0*! 1+/#0/-#'! *!

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

?==@K?F! N)*! 21'! 3'/,1-'! 21##?1+'+01)8/!21#!,-'0',*!:(+',/#1!B!+0':/-1!<*-01:1)01!,*:1! :/1+0-*! J121#1! K?9:',*6! 1! )*)!1++1-1! 2?/,,*-2*! ,*)! #('! +(! C/-'! 3()0'=!

L.16! 31-! 1+1:3'*6! +(,,121! /! :1! /!3-*3*+'0*! 2'! RO1-! ,.'! +,-'C1! '#! ,-'0',*!:(+',/#1a??=!5*)*!,*)C')0*!,.1!)*)!+,-'C/!+*#*! 31-! #^/33/++'*)/0*! 2'! :(+',/! E,.1!+,-'C/!+(#!&'*-)/#1F6!1!+(!/#0-1!,*+1!+(!,('!:'!-'+1-C*!3*'!2'!')01-C1)'-1=!D*--1'!31-Z!-',.'/:/-1===!31-,.Q!I(-#100'!/C1C/!,'0/0*!'! 0/&#'a! O-*7/7'#:1)01! /! 3-*3*+'0*! 2'! ()!/-0',*#*! E*! ;(/#,*+/! 2'! /)/#*&*F! ,.1!J121#1!K?9:',*!/C1C/!+,-'00*!1!,.1!C*--1'!,'0/-1! 31-! ()! </00*! ,.1! :'! +1:7-/!1+1:3#/-1=!L?B!+0/0*!/!5/#'+7(-&*!E')!2(1!-'3-1+1F! ()! D+5' M&31+#6! ()! D+5' M&31+#!2'-100*! 2/! e/-/f/)=! "#! #100*-1! ,.1! <*++1!+0/0*! /! 5/#'+7(-&*! )1! (+,'C/! 0/)0*! 3'>!1)0(+'/+0/! ;(/)0*! :1)*! ,*)*+,1C/! '#!D+5'M&31+#6! 31-,.Q!1,,'0/)016! ')17-'/)01!+(#! 3'/)*! 21##^')01-3-10/8'*)16! 12! 1-/!0/&#'/0*!:/#'++':*Y!31-!2'!3'>!#/!-1&'/!1-/!()/!+31,'1!2'!-'0*!<*-:/#1!+/#'+7(-&.1+1=!9##*-/6! #?/-0',*#*! 2'! J121#1! K?9:',*6! 2/!;(1+0*! 3()0*! 2'! C'+0/6! 1-/! #^1+/00/!')2',/8'*)1! 2'! ()! :10*2*=! O/-0'/:*!2/##?'21/!,.1!'#!D+5'M&31+#!2'!D1-2'!)*)!B!

;(1##*! ,.1! /C101! /+,*#0/0*6! C*'! /C101!/+,*#0/0*! ()/! 3/-01=! L*)! ,.1! ,-'01-'a!5*)*! 21'! ,-'01-'! 2'! ()! (*:*! ,*:1!e/-/f/)6! ,.1! )/+,1! 2/! ()/! <*-:/8'*)1!0121+,/6! ,.1!/:/!:*#0*! #?*31-/! '0/#'/)/6!:/! )*)! 31-! ,'Z! 1)0-/! )1##/! #*&',/!2-/::/0(-&',/6! 1! ;(')2'! #/! /2/00/! /##/!+(/=! 50/7'#'0*! ;(1+0*6! #?1+1,(8'*)1! 1-/!+0-/*-2')/-'/! 2/! ()! 3()0*! 2'! C'+0/!:(+',/#1=!X*)!+*#*6!:/!01)1)2*! #1!0(001!#1! 3/-0'! )*)! 0/&#'/016! e/-/f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

/-&*:1)0'! ,.1! 1+(#/)*! 2/##/! 1+31-'1)8/!3'>!2'-100/=!

D*--1'! 31-Z6! /! ;(1+0*! 3()0*6! ,.1! L/-#/!H*-1)'! </,1++1! '#! +(*! ')01-C1)0*6! ')!;(/)0*! L/-#/!H*-1)'! B6! ,*:1! +/31016! #/!0'0*#/-1! +(!!"#$%&' ($)&! 21##/! -(7-',/! RT^!/),.1! /,,/2(0*S!31-! '! &'*-)/#'! '0/#'/)'=! T!./!/C(0*!:*2*!2'!1+/:')/-1!*&)'!:1+16!2/!:*#0*! 01:3*! *-:/'6! ()/! ;(/)0'0U! 2'!-1,1)+'*)'6!1!'#!+(*!')01-C1)0*!-'&(/-2/!#/!3-1+1)8/! 21##?1#1:1)0*! 01,)',*! *! :1)*!)1##1!-1,1)+'*)'=!

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

K/01! ;(1+01! 3-1:1++1! 1! 2/0/!#?':3*-0/)8/! &1)1-/#:1)01! /00-'7('0/! /'!:/++[:12'/! )1##^')<#(1)8/-1! #1! 01)21)81!21&#'! (01)0'6! ')! /++1)8/! +*3-/00(00*! 2'!/#0-'! 1#1:1)0'! ,*),*:'0/)0'! E/2! 1+1:3'*!#/! 01#1C'+'*)1F6! +'! 3(Z! 2'-1! ,.1! '!;(*0'2'/)'! /77'/)*! ')! ;(/#,.1! :*2*!,*)0-'7('0*! /##/! 2'<<(+'*)1! 21##/! ,(#0(-/!:(+',/#16! +0':*#/)2*! '#! 3(77#',*! /2! ()/!:/&&'*-1! 3/-01,'3/8'*)1a! J*-+1=! H/! ')!,.1! :'+(-/! #/! ,-'0',/! :(+',/#1! +(##/!+0/:3/!./!,*##/7*-/0*6!+1!#*!./!</00*6!/##/!<*-:/8'*)1! 2'! ,-'01-'! 2'! /33-*,,'*! /##/!C'0/!:(+',/#1!21#!)*+0-*!01:3*a!

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g0-/[:(+',/#'=!G1!0-1)0/[,');(/)0/!-'&.1!+'!+/#C/)*!')!&1)1-1!2/)[2*! )*0'8'1! 7'*&-/<',.1! +(#! 3-*0/&*)'+0/!21##/! +1-/0/6! ,*)! /,,1))'! /##1! C',1)21!#1&/01! /##/! ,*:3*+'8'*)1! 21'! 7-/)'!1+1&('0'6! ,*)! /-2'0'! ,*)<-*)0'6! ,*)!'::/&')'! 1+(#/)0'! '#! #1++',*! :(+',/#16!+(&&1-'01! /##/! </)0/+'/! 21#! ,-'0',*! 2/#!

,*#*-1! 21#! +(*)*! 21##^1+1,(0*-1! *! 2/#!&1+0*!21#!2'-100*-1=!

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c-/6! *CC'/:1)016! ()! ,*),1-0*6! 1! 0/)0*[:1)*!()?*31-/6!)*)!./!/33/-1)01:1)01!)(##/! /! ,.1! C121-1! ,*)! ()/! 3/-0'0/! 2'!01))'+=! O1-Z! +'! 3-*C'! /! ,/:7'/-1! ,/)/#1!01#1C'+'C*6! 3/++/)2*! /##/! -101! )/8'*)/#16!,*)! '#! ,-*)'+0/! ,.1! 3-*+/',/:1)01! 3/-#/!2'! R71#0'-*S6! 2'! R1,,18'*)/#'! ,/3/,'0U! 21#!01))'+0/S6! 2'! R+0-/*-2')/-'*! '),*)0-*S=!"::12'/0/:1)01! #/! :/)*! C/! /#!01#1,*:/)2*=!

T^! <*-+1! ;(1##*! ,.1! +(,,121! ,*)! /#,()1!-1,1)+'*)'! :(+',/#'W! )*)! #1! +'! -1&&*)*!<')*! ')! <*)2*6! 31-,.Q! ')! -1/#0U! )*)!2',*)*! )(##/6! )*)! +3'1&/)*! )(##/! 16!+*3-/00(00*6! +'! :/+,.1-/)*! 2'10-*! /! ()!#')&(/&&'*! ()'C1-+/#1! 2'! '::/&')'! 1! 2'!/&&100'C'! ,.1! (&(/#:1)01! 3*0-1771-*!21<')'-1!()^1+3*+'8'*)1!2'!;(/2-'6!()!<'#:!*6! 3/-/2*++/#:1)016! ()! '),*)0-*! 2'!01))'+=!

"#! #100*-1! 21#! ;(*0'2'/)*6! /),.1! )1##/!3/&')/!21&#'!+3100/,*#'6!,1-,/!#/!+31,'<',/!,*:3101)8/!2'!,.'!+,-'C16!,.1!+'!1+3-':1!/00-/C1-+*! ()! #')&(/&&'*! ,.16! /),.1! +1!01,)',*6! ()/! C*#0/! ,.'/-'0*!)*)!B! /<</00*!*+,(-*=! 9#! ,*)0-/-'*6! B! #/! ,.'/C1! 31-!,*:3-1)21-1! '#! )*,,'*#*! 21##^/CC1)'[:1)0*!:(+',/#1=!

?==@K?F! 51! ;(/#,()*! ,*)*+,1! G1/!O1-',*#'6! #1! 2',/! ,.1! B! +0/0/! ,'0/0/! )1#!<*h1-! 21##/! 5,/#/6! +/-U! <1#',1=! G?/#/!0*-)/)016! 2^/#0-/! 3/-01! 6,.1! ,'0/C/!K?9:',*6! *! '#! -*C1+,'*! 21+,-'00*! )1#!:*:1)0*! ')! ,('! /CC'1)16! ,*--'+3*)2*)*!/#! +'! 71:*##1W! ,'*B! ,*--'+3*)2*)*! /#!#')&(/&&'*! 01,)',*! ,.1! C'1)1! +3'1&/0*! 1!:*+0-/0*! +(##^'+0/)01Y! '*! ,-12*! ,.1! +(!;(1+0*! +'/:*! 0(00'! 2^/,,*-2*6! 1! ,-12*!/)8'! ,.1! '#! 3-*7#1:/! 2/! ,('! ,'! +'! 21C1!2'<1)21-1!1!,.1!+'!21C1!,.'/-'-1!B!;(1##*!

,.1! 3*)&*)*! '! 2'-100*-'! 2'! &'*-)/#'!;(/)2*! -'01)&*)*! ,.1! 2177/! +0/-1! ')!3*,*!+3/8'*6! #/!-1,1)+'*)16!31-,.Q!+1!)*!)*)!B!')01-1++/)016!1!3*,*!01,)',/!+1!)*!)*)! B! ')01-1++/)01! 31-! #1! 31-+*)1!)*-:/#'Y!,^B!;(/#,*+/!2'!C1-*!+*#0/)0*!)1#!</00*! ,.16! 0/)0*! 3'>! ,'! +*)*! 01-:')'!01,)','6! 0/)0*! 3'>! *,,*--1! ()! :')':*! 2'!+3/8'*!31-!+3'1&/-#'=!

D*--1'! /21++*! C1)'-1! 3-1,'+/:1)01! /##/!+'0(/8'*)1! 21##/! ,*)01:3*-/)1'0U=! O1-Z6!3-':/!.*! C'+0*! ,.1! ,?B!H/-'*!K1##'! O*)0'!16!+',,*:1!B!+0/0*!,.'/:/0*!()!/00':*!')!,/(+/6! 3-':/6! #^/-0'+0/! ,.1! 2',1C/! R#1!-1,1)+'*)'! 7(*)16! 7(*)'++':16! *00':16!+*)*! ;(1##1! /! </C*-1S6! C*--1'! ()!7-1C'++':*! ')01-C1)0*6! 31-,.Q! +*! ,.1!K1##'!O*)0'!2*C-U!-'<1-'-1!2'!;(1+0*!/),.1!3-*++':/:1)01! )1&#'! 50/0'! N)'0'6! +(#!-/33*-0*! <-/! #^/-0'+0/! 1! #/! ,-'0',/! C'+0*!2/##^/-0'+0/=!

5?=;>! B"88;! <>AD;F! _*! /33-188/0*!:*#0*6!,*:1!0(00'!C*'!21#!-1+0*6!#1!3/-*#1!2'! J121#1! K^9:',*6! #/22*C1! ./! +3188/0*!()/!#/),'/!/!</C*-1!2'!;(1#!-'31-,*--1-1!'#!31)+'1-*! 2'! ()! 1+1,(0*-1! ,1-,/)2*! 2'!+3'1&/-)1! #1! -/&'*)'Y! -/&'*)'! ,.1! +*)*!#1&/016! ,*:1! 0(00'! )*'! +/33'/:*6! /!;(1+0/!)*+0-/!<()8'*)1!2'!3-1#1C/-1!2/##/!<'++'0U! +3/8'/#1! 21##/! 3/&')/! 1! 21'! +1&)'6!

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

@+/! 7$#&F!_/! ,/3'0*! 71)'++':*6! /#:1)*!31-!()*\!

5?=;>! B"88;! <>AD;F! M1.===! R1g! ()*!*:)1+S6! +'! 2',1===! )*)! #*! +*=! T,,*6! '*!2*C-Z! +*#*! 1+3*--1! ;(1+0*! 3-*7#1:/6! '#!-/33*-0*! ,.1! C'! .*6! ,*+A6! C1#*,1:1)01!3-*3*+0*6!,'*B!;(1+0*!,/)/#1!2'!,*)0/00*6!#*! +0'#16! #/! +0*-'/! 21##?1+1,(8'*)16! #/!31-,18'*)1! ,.1!:(0/6! ,.1! B! ()! 2'C1)'-1!1++/! +01++/! ')! ;(1+0*! </-+'! 01:3*! 21##*!+3/8'*!1!21##/!3/&')/=!

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

'211! *! +*3-/00(00*! 2'! '::/&')'! 1! 2'!':3-1++'*)'6! ,*:();(1! 2'! ')<*-:/8'*)'6!,.1!+*)*!&'U!01:31+0'C/:1)01!/--'C/01=!

c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

L=?AN?! N"88?F! N)/! 3',,*#/! *++1-C/[8'*)1=! L*##/7*-*! /! ()! ;(*0'2'/)*6! '#!M+33$/3/' ./11&' A/3&6! 1! ;(')2'! ,1-,*! 2'!+0/-1! ')! ;(1#! -'0:*! 3(#+/)01! 21&#'!/CC1)':1)0'! 21##/! ,'00U! 2'! ,('! 3/-#/C/!J121#1!K?9:',*=! O1-Z! +(,,1216! )*)! +*#*!/! :16! 2'-1'! /! ;(/+'! 0(00'6! 2'! C121-1! '#!3-*3-'*! 3',,*#*! 3188*! -')C'/0*! 2'! 2(1! *!0-1!&'*-)'=!T!;(1+0*!)*)!0-*C*!+'/!&'(+0*6!')! ;(/)0*! )1++()*! C(*#! #1&&1-1! '#!-1+*,*)0*! 21##/! 3/-0'0/! 2'! ,/#,'*! /#!:/-012A6! )*)! +'! 3(Z! -')C'/-1! #?'),'21)01!2?/(0*!2'!;(/00-*!&'*-)'Y!1!)*)!B!2'C1-+*!31-! #/! :(+',/6! ')! ,('! #/! -1,1)+'*)1!<*0*&-/</! ')!:')'/0(-/! #?1C1)0*! 2'! ;(1##/!+1-/6!,.1!B!1C1)0*!')01-3-10/0'C*6!1C1)0*!2'! /<<#(++*! /! ;(1##/! +/#/! 2'! ,*),1-0*! 2'!

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

?==@K?F!50'/:*!+*00*#')1/)2*!#^/+3100*!21#! ,*),1-0*! *! 21##^*31-/! ,*:1!/CC1)':1)0*! ,*:3#1++*! 1! /),.1! )(*C*!*&)'! C*#0/=! "#! 2'+,*-+*! 31-Z! ./! /),.1! ()!+(*! -10-*01--/6! 31-,.Q! '#! ,*:3'0*!21##?')01-3-101! B! 3*-+'! 2'! <-*)01! /##/!)*C'0U! 31-1))1! 2'! ,'Z! ,.1! ')01-3-10/W!,*+/! ,.1!:'! +1:7-/! /! C*#01! +<(&&'-1! +'/!/##/! ,-'0',/! ,.1! /&#'! +01++'! ')01-3-10'=! c-/!,^B!;('!9#1++/)2-*!M/-',,*6!,.1!./!+,-'00*!+(##?/-&*:1)0*! ()! +/&&'*6! ,.1! (+,'-U! +(!!"#$%&'($)&!2'!/&*+0*[+1001:7-1=!D*--1'!,.1! 3()0(/#'88/++1! +1,*)2*! #/! +(/!-'<#1++'*)1! ;(/#'! +*)*! *&&'! #1! '2116! '!,-'01-'6! 31-! &'(2',/-1! ()! ')01-3-1016! 1! '#!+1)+*! 2'! ,.1! ,*+/! ,'! +'! /+3100/!2/##?')01-3-10/8'*)1=!

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

?==@K?F!X*'!,-'0','!,/3'/:*6!<*-+1=!

C?=;NN>F! 5A6! :/! ,-12*! ,.1! #^/77*)/0*!/77'/!<*-+1!':3/-/0*!/!-',*)*+,1-1=!

?==@K?F!G^/77*)/0*!/#!&'*-)/#1a!

C?=;NN>F! X*6! #?/77*)/0*! /'! ,*),1-0'=!O1)+*! ,.1! ,'! +'/! ')C1,1! ()! /#0-*! 0'3*! 2'!,*:3101)81! ,.1! :'! +1:7-/! :*#0*!':3*-0/)01! E1! ;(1+0*! +A6! ')C1,16! )*)! B!01)(0*! <*-+1! +1:3-1! ')! ,*)+'21-/8'*)1F6!31)+*! ,.1! '#! ,-'0',*! :(+',/#1! 2177/!1++1-1! ()*! ,.1! +/! +,-'C1-16! )*)! +1:3-1!#*! B6! 21C*! 2'-1! <-/),/:1)01=! X*)! ,?B!7'+*&)*! 2'! </-1! 21##1! :10/<*-1!:1-/C'&#'*+1W! 7/+0/! /C1-1! #/! ,.'/-188/!,.1!/C1C/!H'#/W! 31-!2'-1!;(1+0*!B! +/31-!+,-'C1-1=!

?==@K?F! "#! 3()0*! <*)2/:1)0/#1! 21#!+/&&'*! 1-/6! +*3-/00(00*6! '#! </00*!

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

BP?5;N>F! D*--1'! 2'-1! ;(/#,.1! ,*+/! +(!;(1+0/! </,,1)2/! 21##/! ,*:3101)8/6!/),*-/=! K',1! ,.1! +'! C121! +(7'0*! +1! ()*!)*)!B!,*:3101)01W!+1!<*++1!,*+A6! #/!,*+/!+/-1771!+1:3#','++':/6!'#!&(/'*!B!,.1!)*)!+'! C121\! D/#1! /! 2'-1! ,.1! +'! 2'<<*)2*)*!21##1! ,*+1! </#+1! 1! '#! 3(77#',*6! '#! #100*-16!,-121! ,.1! +'/)*! C1-1=! ")! -1/#0U6! +*#*! '#!,*:3101)01! 3(Z! ,/3'-1! #/! ,*:3101)8/6!+1! ()*!*! #?/#0-*! B! ,*:3101)01!*!)*=! 5(#!D+5' M&31+#' 2'! e/-/f/)6! '*! +,-'++'!;(1##^/-0',*#*6! )*)! #1++'! #?/-0',*#*! ,.1!+,-'++1! 9--(&/6! :/! +*)*! +',(-*! ,.1!+,-'++1! #1! +01++1! ,*+1W! +0/C/:*! #A!')+'1:16! /77'/:*! 0(00?1! 2(1! ,*)+0/0/0*!'#! </00*! 21'! 0/&#'=! c-/6! '*! :'! +*)*! </00*!2/-1! #1! ,-'0',.1! ,.1! 1-/)*! (+,'01! ')!P1-:/)'/! 1! :1! )1! +*)*! #1001! ,');(1! *!+1'W! )1++()*! +'! 1-/! /,,*-0*! 2'! ;(1+0*!:/++/,-*! ,.1! e/-/f/)! /C1C/! </00*\! N)!:/++/,-*6! 2',*Y! #/! &-/)21! 9-'/! 2'!T#'+/7100/! 1-/! 2'C1)0/0/! ()! #'12!3',,*#'++':*! ')! 3-'),'3'*! 1! 0(00*! 0/&#'/0*!2*3*Y!'#!2(100*!<')/#16!#/!:10U=!c-/6!0(00'!'! +'&)*-'! ,-'0','! 0121+,.'! 1C'21)01:1)01!)*)! ,*)*+,1C/)*! '#! D+5' M&31+#6! 1! )*)!,*)*+,1)2*#*! /C1C/)*! 2/0*! ()?':[:/&')16!2'!;(1+0/!1+1,(8'*)16!</#+/W!/!()!3(77#',*! '#! ;(/#1! #'! ./! 3-1+'! 31-!,*:3101)0'=!N)?/#0-/!*,,/+'*)1!+':'#1! '*!#?.*! 0-*C/0/! /! M1-#')*T+06! ;(/)2*! /#,()'!/))'! </! /##/! e*:'+,.1! c31-! E)*)! 3'>6!3(-0-*33*6!2'! J1#+1+01')F6! i*/,.':!_1-08!./! </00*! #/! 0-*C/0/! 2'! 1+1&('-1! #/3-':/!C1-+'*)1! 2'! !&.&2&' ]"00/381^' 1! ./!+7/)2'1-/0*!;(1+0*!</00*=!"*!+*)*!/)2/0*!#AW!)*)!1-/!/<</00*! #/!3-':/!12'8'*)16!1-/!#/!3-':/!C1-+'*)1!/771##'0/!2/!3188'!21##/!+1,*)2/Y! ,'*B6! 31-! 1+1:3'*6! #1! &-/)2'!2'<<1-1)81!,.1!,'!+*)*!)1##/!]"00/3_^!E/2!1+1:3'*! '#! 01:/! <*)2/:1)0/#16! ;(1##*!,*)!,('!1)0-/!M(001-<#h6!'#!R4(6!0(6!3',,*#*!"22'*\!S!/##/!<')16!,*+1!2'!;(1+0*!&1)1-16!1)*-:'F! #('! #1! /C1C/! -'3*-0/01! 2/##/!+1,*)2/! /##/! 3-':/! 12'8'*)1=! T2!1++1)2*&#'! +0/0*! 2*:/)2/0*6! :/!

31-,.Qa6! ./! -'+3*+0*! RO1-,.Q! B! 3'>!71##*\??=! "*!:'!+*)*!0-*C/0*!)1#!,/:1-')*!2*3*! #/! 3-*C/! &1)1-/#16! &#'! .*! </00*!;(1+0/!*++1-C/8'*)1!1!,^1-/)*!/#0-'!,-'0','!3-1+1)0'! E()*! 21##/! L1,*+#*C/,,.'/6!C1)'C/!2/!O-/&/6!()!/#0-*!2/!M1-#')*6!3*'!()*! 2/! D'1))/F! 1! '*! .*! +3'1&/0*! /! 0(00'!;(1+0^':7-*&#'*Y!/##*-/! i*/,.':!_1-08!:'!./!,.'1+0*!RH/!#1'!,*:1!#*!+/aS=!T!/##*-/!'*! .*! 0'-/0*! <(*-'! 2/#! +/,,*! #/! 3-':/!C1-+'*)1!2'!]"00/381^!,.1!'*!3*++1&&*!31-!1-12'0U! E/C1C*!()*! 8'*! ,.1! ,*:3-/C/!&#'!+3/-0'0'6! 1! ;(')2'! .*! ;(1##'! C1,,.'F=! "#!&'*-)*! 2*3*! C/2*! /! #1&&1-1! &#'! /-0',*#'W!)1++()*! #?./! 2100*\! ](1##/! B! +0/0/! #/!3-':/!C1-+'*)16!1,,=!L/3'01a!](')2'6!/!()!2/0*!:*:1)0*6!,.'!B!,.1!#*!3(Z!+/31-1a!5*#0/)0*! ,.'! +/! #1! ,*+1\! X*)! #*! 3(Z!+/31-1! '#! 3(77#',*W! '#! 3(77#',*! C'1)1!':7-*&#'/0*=! T! ;(1+0/! ;('! B! #/! ,*+/! 3'>!/)0'3/0',/6! )1##^/00'C'0U! 21##/! ,-'0',/!:(+',/#16! ,.1! ,1-01! C*#01! +'! C1-'<',/!/),.1! +(! +,/#/! 2'! :/++/=! K*3*! 2'! ,.16!,*:1!+'!</,,'/!/!':312'-1!;(1+0*6!'*!)*)!#*!+*Y!,1-0*!'!2'-100*-'!2'!&'*-)/#'!+*)*!&#'!(#0':'!,.1!</-/))*!;(1+0*\!

?==@K?F! D*--1'! -',*-2/-1! E,*:1! ,.'! B!3-1+1)01! 21&#'! 9:','! 21##/! 5,/#/! +/F! ,.1!-1,1)01:1)016!')!()!'),*)0-*6!'#!:/1+0-*!P/C/881)'! ./! -',*-2/0*! ,.1! ;(/)2*! ./!2'-100*! _j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

K1C*! 2'-1! ,.1! /),.1! '#! `1&"0+' 2&:$%+6!,.1! B! +0/0*! 2/0*! ;('! /##/! 5,/#/6! +^B!31-:1++*! 21'! 0/&#'! 1! 21&#'! +3*+0/:1)0'!:/! ,.1! )*)! +*)*! +0/0'! -'#1C/0'! 2/##/!,-'0',/6! 2'! ,('! ()! &-(33*! (<<','/#1! &#'! ./!/),.1!/00-'7('0*!()!3-1:'*!+1)8/!/#,()/!-'+1-C/! *! -'#1C/:1)0*=! "#! 0'3*! 2'!,*:3101)8/!21#!,-'0',*!B!3/-0',*#/-:1)01!2'<<','#1! 1! 21#',/0*! E31-,.Q! ,*:3#1++*F!

)1#!,/:3*!21##^*31-/=!T!+(!;(1+0*6!C*--1'!#?')01-C1)0*!2'!51-&'*!5/7#',.=!

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a! T+3-':1-1!()?*3')'*)1! )*)! +'&)'<',/! 2/-1! ()!&'(2'8'*! ,-'0',*6! :/! 31-! <*-:/-#*! ,^B!7'+*&)*! 2'! ()/! 7/+16! 2'! /#,()'!3-1+(33*+0'! +('! ;(/#'! +0/7'#'-1! #1! -1&*#1!21#! &'*,*W! *-/! ,*:1! B! 1C'21)01! ;(1+01!-1&*#1! 3*++*)*! 1++1-1! :*#0*! 2'C1-+1W!3-'C'#1&'/-1! ;(1+0*! *! ;(1##*! /+3100*6!+1&('-1!;(1+0'!*!;(1'!,-'01-'6!,*)+'21-/-1!3-1:')1)0'!;(1+0'!*!;(1'!</00'=!5*#*6!31-Z6!()/! C*#0/! +0/7'#'0'! ;(1+0'! ,-'01-'! #?/00'C'0U!,-'0',/! 3*0-U! +C*#&1-+'! ')! :*2*! 2/!-'+(#0/-1!+'&)'<',/0'C/=!

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

:/! /),.1! 31-! ')<*-:/-1! '#! #100*-1=! "#!,-'0',*! :(+',/#1! &1)1-/#:1)01! 2'! ;(1+0'!/+3100'! +/! 3*,*! *! )(##/! ;(')2'! B! 2'<<','#1!,.1!3*++/! -/,,*)0/-1! ')!:*2*!/21&(/0*!,*:1! <()8'*)/! ()*! +3100/,*#*=! c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

")+*::/6!'#!,-'0',*!21C1!,1-,/-1!2'!,/3'-1!,'Z! ,.1! +'! B! C*#(0*! 2'-1! *! </-1! 2/! 3/-01!21#! -1&'+0/! +1)8/! +*C-/33*--1! #1! 3-*3-'1!'211! *! '! 3-*3-'! 3-1,*),100'6! +3'1&/-1! ,'Z!,.1! /CC'1)1! +(##/! +,1)/! 1! 3*'! 1+3-':1-1!/),.1! #/! +(/! '21/! ')! -/33*-0*! /! ,'Z! ,.1!#?*31-/! ./! 2/0*=! ](1+0*! 3(Z! /CC1)'-1!+*#*! ,*)! ()/! +31,'<',/! ,*)*+,1)8/! 21'!:1,,/)'+:'!01/0-/#'=!

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

D*--1'! *-/! +*00*3*-C'! /#,()1! ,*)+(1[0(2')'! ,.1! +/-1771-*! /! :'*! /CC'+*! 2/!-':(*C1-1! )1##?/00'C'0U! 21#! ,-'0',*=! G/!3-':/!B!;(1##/!2'! -1,1)+'-1!+*#/:1)01! #/!R3-':/SW! *-/6! ()*! +3100/,*#*! ,/:7'/! 2'!:*#0*! 2(-/)01! #/! +(/! C'0/! 01/0-/#1=!@'0*-)/-1! /! 2'+0/)8/! 2'! 01:3*! +(! ()*!+3100/,*#*! :/&/-'! &'U! -1,1)+'0*! 3(Z!1++1-1! (0'#1! +'/! /#! ,-'0',*! ,.1! /#! #100*-1=!531++*! ')C1,1! ')! "0/#'/! #1! R-'3-1+1S! )*)!C1)&*)*! )1::1)*! -1,1)+'01=! c&)'!+1-/0/!2?*31-/!</!+0*-'/!/!+QW!B!;(1+0/! #/!&-/)2188/! ()',/! 21#! 01/0-*! ,.1! )Q!,')1:/!)Q!01#1C'+'*)1!3*++1&&*)*=!

G/! -(7-',/! 21##/! ,-'0',/! +('! ;(*0'2'/)'!21C1!3*'!/C1-1!/!:'*!/CC'+*!()/!#')1/6!()!

3()0*!2'!-'<1-':1)0*6!/#0-':1)0'!'#! #100*-1!-':/)1! +,*),1-0/0*=! M'+*&)1-1771!+*3-/00(00*! 1C'0/-1! ,.1! C1)'++1-*! +,-'001!1C'21)0'!</#+'0U=!X*)!3/-#*!;('!2'!1--*-'!2'!&'(2'8'*! ,-'0',*6! :/! 2'! ')<*-:/8'*)'! +7/[&#'/01=!"#!#100*-1!./!2'-'00*!2'!+/31-1!,*:1!+*)*!/)2/01!#1!,*+1=!

"#! ,-'0',*!:(+',/#1!3*'!2*C-1771!/C1-1! #/!-1+3*)+/7'#'0U! ()'0/-'/! 21##/! -(7-',/=!O-1)2'/:*! /2! 1+1:3'*! '#! 3-*7#1:/! 21'!0/&#'! 21&#'! /-0',*#'W! ,.'! #'! ,*)0-*##/a! V!3*++'7'#1! ,.1! *&&'! '#! ,-'0',*! )*)! 3*++/!/#:1)*! ,*),*-2/-1! '! 0/&#'! ,*#! 3-*3-'*!,/3*+1-C'8'*a! T! ,.1!2'-1! 21##1! 0'0*#/8'*)'!+1#C/&&1a!

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

T! 3*'W! ;(/)2*! 1-*! &'*C/)16! #/! C'0/!:(+',/#1!<')'C/!/!&'(&)*!1!-',*:'),'/C/!/!+1001:7-1! ,*)! #/! M'1))/#1!H(+',/Y! *&&'!./! -'0:'! C*-0',*+'6! <-1)10','6! ,.1! )*'! )*)!3*++'/:*! -'/++(:1-1! )Q! ')01-3-10/-1!()'0/-'/:1)01=! ")0/)0*! )*)! ,'! +*)*! 3'>!,*)<')'W!,-12*!,.1!977'/0'!/!5/#'+7(-&*!*!/! D'1))/! +'/! /)2/0*! ()! 3/'*! 2'! C*#01!

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

c&&'6! /,,/)0*! /#! 3-*#'<1-/-1! 21##/!,*:()',/8'*)1! ,(#0(-/#1! E7/+0'! 31)+/-1!/'! +(33#1:1)0'! 1! ')+1-0'! 21'! ;(*0'2'/)'F6!,?B! ()^*)2/0/! 2'! +3100/,*#/-'88/8'*)1!21##?/+3100*! ,(#0(-/#1W! 2*77'/:*!3-101)21-1!3'>!+1C1-'0U!)1##^/:7'0*!21##/!C'0/!:(+',/#1=!

](/)0*! /'! R0/&#'!:(+',/#'S! 2'! ,('! 3/-#/C/!K^9:',*! )*)! ,-12*! ,.1! +'/)*! 3*'! ,*+A!31-',*#*+'! 31-,.Q! #/! C'0/! 21#! </00*!:(+',/#1! )*)! C'1)1! :/'! ,.'(+/! 31-!+1:3-16!-',*:'),'/!')0/00/!/##/!+(,,1++'C/!*,,/+'*)1=! 51! )*'! +<-1&'/:*! ()! ;(/2-*!)*)! 2/-1:*! :/'! 3'>! #/! 3*++'7'#'0U! 2'!C121-#*! )1##/! +(/! ')01&-'0U! :/! +1!</,,'/:*!()! 0/&#'*6! 3(-! 1<<1-/0*6! /2!()/!3/-0'0(-/6! /77'/:*! +1:3-1! #/! 3*++'7'#'0U!2'! /+,*#0/-#/! 3*'! )1##/! +(/! C1-/!/(01)0','0U=!

?==@K?F!H/!'#!,-'0',*!21C1!/CC1-0'-1!+1!'#!;(/2-*!,.1!)*'!C12'/:*!B!+0/0*!+<-1&'/0*!*!)*W!;(1+0*!B! '#!3()0*=!51! '#! ,-'0',*!)*)!+/6!)*)!-'1+,1!/!*-'1)0/-1!'#!#100*-1=!

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

:(+',/! ,#/++',/=! X*)! ,?B! /),*-/! /##^')[01-)*! 21'! &'*-)/#'! #/! 3*++'7'#'0U! ,.1! '#!,-'0',*! +'/! -1+3*)+/7'#1! 21#! <#(++*! 2'!)*0'8'1! 2'! :(+',/! ,.1! 1+,*)*! +(#! +(*!&'*-)/#1Y! 2^/#0-/! 3/-01! '#! 3(77#',*! 2?*&&'!-',1C1! ')<')'0/:1)01! 3'>! ')<*-:/8'*)'!2?()!01:3*=!

5?AB"88;F! L?B! 3*'! '#! </00*! ,.1! )1##/!:(+',/! )*)! ,?B! +*#*! #?1+1,(8'*)1! *! #/!-/33-1+1)0/8'*)1!')!3(77#',*!:/!,'!+*)*!#1!0-/+:'++'*)'6!'!2'+,.'6!,'*B!#/!3*++'7'#'0U!2^/+,*#0/-1!:(+',/!)*)!+*#*!2/#!C'C*=!H'6!1! C'6! ,.'12*! +1! 1! ,*:1! )*'! ,-'0','! 2*7[7'/:*!01)1-)1!,*)0*=!

?==@K?F! 5/-U! +1)8^/#0-*! #^/-&*:1)0*!2'!()! )*+0-*! 3-*++':*! '),*)0-*! 31-,.Q! #/!,-'0',/!:(+',/#1!,.1!3'>!C'1)1!+1&('0/!2/#!#100*-1!*&&'!B!3-*3-'*!;(1##/!2'+,*&-/<',/=!

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

5'! 3*++*)*! ')2'C'2(/-1! )1##/! ,-'0',/!:(+',/#1! /#:1)*!2(1! 0'3'! 2'! -'2*)2/)8/W!

L*:1! C121! '#! ,-'0',*! :(+',/#16! *&&'6! ,.'! )1##/! :(+',/! +0/! ,*:1! 3',,*#*! 12'0*-1! 1! &-/)21!/33/++'*)/0*a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a6! /#0-1!/),*-/!2*C-U!</-)1!2*:/)'=!H/!*&&'!/!:16!3',,*#*!12'0*-1!1!&-/)21!/33/++'*)/0*6!3'/,1!C121-#*!+*3-/00(00*!,*+A=!

K(/++(!5.##(+(!T2'0*-1!2'!!"#$%&'($)&!!

;(1##/! :',-*[+0-(00(-/#16! #1&/0/! /##/!+')&*#/! -1,1)+'*)1! 2'! ()! /33()0/:1)0*!:(+',/#16! 1! ;(1##/! :/,-*[+0-(00(-/#16!#1&/0/! 3'>! ')! &1)1-/#1! /##?1,,1++*! 2'!')<*-:/8'*)1! ,*),1)0-/0*! +(! /#,()'!/CC1)':1)0'6! +(! ,1-0'! 01:'6! 1C1)0'! *!31-+*)/&&'6!/!+,/3'0*!2'!/#0-'=!

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

O1-,.Q!()/! ,-'0',/! +'/! (0'#1! 1! <()8'*)/#16!)*)! '),*:3-1)+'7'#16! ')(0'#1! 1! -'2*)[2/)016! 21C1! /##/-&/-1! '#! +(*! +3100-*!2^')2/&')1! /! 0(00'! '! #'C1##'! 21##/! C'0/!:(+',/#1=!L*')C*#&1-1!+100*-'!3-*2(00'C'!1!*-&/)'88/0'C'=! T! *,,(3/-+'6! 31-! ;(/)0*! B!3*++'7'#16! /),.1! 21##/!:(+',/! ,*+'22100/!R,*::1-,'/#1S6! +1)8/! /C1-! 0-*33*!0':*-1!2'!+3*-,/-+'! #1!:/)'!,*)!'#!:'&#'*-!f/886! 3*3! 1! -*,`=! N)! 31-,*-+*! ,.16! C/!-',*)*+,'(0*6!/#,()1!01+0/01!2'!;(*0'2'/)'!1! 2'! -'C'+01! ./))*! &'U! ,*:'),'/0*! /! </-1!2/!;(/#,.1!01:3*=!

?AK"8>!L>8"DD>F!K/!;(/)0*!B!1:1-+*6!:'!+1:7-/!,.1!,'!+'/!+1:3-1! #/!2'<<',*#0U!/! -',*)*+,1-1! 2'! ,.1! ,*+/! +0'/:*!3/-#/)2*=! ](/)2*! K?9:',*! 3/-#/! 2'!P/(0'1-! 1! 21'! ,-*)'+0'! :(+',/#'! 2^()!01:3*! )*)! 3*++'/:*! )*)! 1++1-1!2^/,,*-2*Y! :/! :'! +1:7-/! ,.1! 1&#'!-/<<'&(-'! ()! 3-*<'#*! 3-*<1++'*)/#1! 2'! ()!+'&)*-1! ,.1! )*)! 1+'+01! 3'>6! ,.1! )*)! ,'!21C1!1++1-1!3'>!31-,.Q!)*)!+1-C1Y!/##*-/!,?1-/! 2/! -/,,*)0/-1! #/! ,-*)/,/! 1!

-/,,*)0/-1! #/! ,-*)/,/! +'&)'<',/C/!-/,,*)0/-1!()!1C1)0*6!#/!,'00U!,.1!#?/C1C/!*+3'0/0*6! #/! ,(#0(-/! ,.1! ,'! +0/C/!/00*-)*=!X1##/! :/&&'*-! 3/-01! 21'! ,/+'6! 3*'6!-/,,*)0/C/! ()! 1C1)0*! ()',*! +1! )*)!/22'-'00(-/!()/!3-':/!/++*#(0/! ')!/))'! ')!,('! &#'! /(0*-'! 31-! )*'! +*)*! *-:/'! +0*-'/=!c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

c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

+*)*! #100(-16! ,'C'#0U6! :*2'! 2'! /,,*+0/-+'!/##/! :(+',/! ')! ,('! #/! :(+',/! 3(Z! )*)!1++1-1! #^()',*! <'#0-*=! 4(00*! ;(1+0*! 31-Z!':3*)1! /#! ,-'0',*! 2'! ')C1)0/-16! ,*),1-0*!31-!,*),1-0*6!#/!:/)'1-/!2'!-/,,*)0/-1!#/!+(/! ,-'0',/=! ]('! :'! -'/&&/),'*! /! ;(1##*!,.1! 2',1C/! D*##'! /##^')'8'*W! ;(/)0*! 2'!/(0*7'*&-/<',*!,^B!)1#!,/:3*!21##/!,-'0',/!:(+',/#1a!](1+0*!B!<*-+1!'#!)*,,'*#*!21##/!;(1+0'*)1W! B! 2/! #A! ,.1! 3(Z! )/+,1-1! #/!C*&#'/! 2'! -/,,*)0/-1! #^')01-3-10/8'*)16! #/!+0*-'/! 21##^')01-3-10/8'*)16! ,.1! B! 3*'! /!:'*! /CC'+*! #^()',*! :*2*! 31-! 3*01-!-/,,*)0/-1! /2! ()! )(*C*! *! C1,,.'*!/33/++'*)/0*!()/!W"$50&!2'!M110.*C1)=!

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

41-8*! 3()0*=! c&&'! '#! ,-'0',*! :(+',/#1!/CC1-01! ,.1! #/! -1/#0U! 21##/! :(+',/! B!,*:3#1++/! )*)! +*#0/)0*! 31-,.Q! 0(00*! '#!-131-0*-'*! 2'! 0(00'! '! +1,*#'! B! *&&100*!21##^')01-1++1! 2'! ,.'();(1! ,*:1! :/'!3-':/!2^*-/!B! +0/0*=! "#! &-/)21!971-0! ,.1!3/-#/! 21##1! *31-1! &'*C/)'#'! 2'! H*8/-0!

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c00*,1)0*Y! /21++*! )*)! ,*--'+3*)21!3'>! /##/! -1/#0U6! 31-,.Q! #/! :/&&'*-! 3/-01!21'! <-('0*-'! 21##/! :(+',/! /)0',/! ./!

,*:'),'/0*! /! ,*)*+,1-#/! /00-/C1-+*! ()/!3-/++'! 1+1,(0'C/! -1+0/(-/0/! 2/'! :*21##'!/)0',.'=!c#0-1! /! ;(1+0/! -1/#0U! ,^B! 0(00*! '#!:*)2*! 21##^*-&/)'88/8'*)1! :(+',/#1! +(!,('!)*'!,-'0','! 0(00'! ,'! +1)0'/:*! ')!2*C1-1!2^')01-C1)'-1=!

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

9),.1!,.'!)*)!./!3*0(0*!')01-C1)'-1!31-+*)/#:1)01!/##^'),*)0-*!./!C*#(0*!3/-01,'3/-16!/#:1)*!,*)!()/!-'<#1++'*)1!+,-'00/=!T,,*!'!,*)0-'7(0'!,.1!,'!+*)*!+0/0'!')C'/0'6!')+'1:1!,*)!#1!3-':1!-13#',.1!R/!,/#2*S6!+01+1!+(7'0*!2*3*!'#!2'7/00'0*=!

B(*/3($!,/!+$+!(+)&'($'(0Q!

EkF!X*)!+*!;(1##*!21##1!:/&&'*-'!01+0/01!)/8'*)/#'6!:/!,1-0*!l'#!,-'0',*!:(+',/#1m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b+)&5%6$5&=!

K(/++(!K$'(!21#!U$%%+1+!2'!4-'1+01!

;,9&3+$!&!*#&%0/!9$%(0(#/!

Ek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kF!

"++($!5&%#R($''&!21##?=)&50$c'

!

8/!#'(0(#/!&*0&'/H!.+/!'()%&**($+&!-/%%PST!/+#R&!/##/-.0$U!

G/! +0/:3/! 2'! #')&(/! 0121+,/! 212',/! C/+0*! +3/8'*! /##/! C'0/!:(+',/#1!1!/!0(001!#1!+(1!1+3-1++'*)'=!EkF!X1##?*,,(3/-+'!2'!()!/CC1)':1)0*! :(+',/#1! '#! ,-'0',*! )*)! B! /001)0*! +*#*! /'! +(*'!3-*0/&*)'+0'! 3'>! 2'-100'6! ')[01-3-10'n2'-100*-'n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kF!X*)!/#0-100/)0*!3-*0/&*)'+0/! ')!C1-'0U!B! #/!C'0/!:(+',/#1!)1##/! +0/:3/! <-/),1+1=! 9##^')01-)*! 21##/! ,-'0',/! :(+',/#1!3-1C/#1! ,*:();(1! #^')01-1++1! 31-! '#! R3-*2*00*! )/8'*)/#1SW!)*)! +*#0/)0*! O/-'&'! 1! #1! +(1! :/)'<1+0/8'*)'! :/&&'*-'! :/!/),.1!;(/)0*! *<<-1! #/! 3-*C'),'/! <-/),1+1! ,*)'! +(*'! 01/0-'! 2'!3'o! *! :1)*! -'+3100/7'#1! 0-/2'8'*)16! ,*)! '! +(*'! <1+0'C/#!,*##/(2/0'!1!2'!)(*C/!<*-:/8'*)16!C'1)1!+1&('0*!,*)!)*01C*#1!-'+/#0*! Ek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c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kF=!

8/.'/!<&%%&3'(+(!

8/!9/'$%/!-(!.+!%&00$'&!

EkF! O1-,.Q! -1,1)+'-16! )1#! 01/0-*! :(+',/#16! /),.1! ,'Z! ,.1!C'1)1! ,.'/:/0/! R-'3-1+/Sa! #)! "0/#'/6! ;(1##*! ,.1! ,*)0/! B! #/!R3-':/S! 16! &(/-2/! ,/+*6! /#:1)*! 31-! :'/! 1+31-'1)8/!31-+*)/#16! #/! R3-':/S! B6! ')! 1<<100'6#/! C1-/! R3-*C/! &1)1-/#1S=!5/-1771! )1,1++/-'*! +1&('-1! #1! ;(/00-*! *! #1! ,');(1! -1,'01! ')!:/)'1-/! 3'>! ,*),-10/! 2/0*! #*! +C'#(33*! ,.1! #*! +3100/,*#*!/++(:1!*&)'!;(/#C*#0/!+'!/#8/! '#! +'3/-'*!/),.1!31-,.Q6!:*#01!C*#016!,/:7'/)*!&#'! ')01-3-10'=!L*:1!-/,,*)0/-1!()/!+1-/0/a!##! 3'>! 3-1,'+/:1)01! 3*++'7'#16! +*3-/00(00*! ,*)! '#! #')&(/&&'*!+1:3#',16! /33-*3-'/0*! 1! )*)! 1)'&:/0',*! ,.1! 3*++/!&'(+0/:1)01! -'C*#&1-+'! /#! R,*:3101)01S! 1! /),.1!/#! )*-:/#1!R#100*-1S! ,.1!3(Z! /C1-1! /),.1!()! #'1C1! ')01-1++1! /#!:*)2*!:(+',/#1! :/! ,.1! ,*)! ()! #')&(/&&'*! R,.'/-*S! 3(Z! 1++1-1!,/30/0*!31-!+1:3-1=!K?/#0-/!3/-01!;(1+0*!B!()!:*2*!2'!</-1!R,(#0(-/S!12!B!()/!21##1!-/&'*)'!21##^1+'+01)8/!21#!,-'0',*=!G/!

3-*<1++'*)/#'0U! 1! +1-'10U! 21#! ,-'0',*! :(+',/#1W! )*)! +*)*!/::'++'7'#'6!31-!)1++()/!-/&'*)16!':3-1,'+'*)'!EkF=!

=$2&'0$!C&%%$00(!

N$%%/2$'/0$'&!-P/3&+4(/!

L*##/7*-*! ,*)! ()?/&1)8'/! E#/! 9=P=G=F! ,.1! )*)! B! ()?/&1)8'/!,*:1! 0(001! #1! /#0-1W! *#0-1! /! +1-C'-1! ()! ,1-0*! )(:1-*! 2'!;(*0'2'/)'! /77*)/0'6! #/! 9=P=G=! <()8'*)/! ()! 3*?! ,*:1!-12/8'*)1!,1)0-/#1!31-!()!)(&*#*!2'!:12'1!1!3',,*#1!01+0/01!#*,/#'! EG'C*-)*6! O/2*C/6! O/C'/6! O1+,/-/6! 5/++/-'6! 1,,=F=! L*+'!,*)+*-8'/0'6! ;(1+0'! ;(*0'2'/)'! 3*++*)*! /C1-1! ()! #*-*! ,-'0',*!:(+',/#1! E,'*B! '#! +*00*+,-'00*F!3-1+1)01!/!:/)'<1+0/8'*)'!,.1!/#0-':1)0'! +/-1771-*! /#! 2'! #U! 21##1! 3*++'7'#'0U! 2'! ,'/+,()*! 2'!#*-*6! ,*:1! #^')/(&(-/8'*)1! 21##/! 5,/#/6! '#! <1+0'C/#! 2'!5/#'+7(-&*6! 1,,=EkF! N)! /7'++*! :'! +13/-/! 2/'! :'1'! 1C1)0(/#'!#100*-'=! O-':/! 2'! /--'C/-1! /#! #100*-1! 21C*! +1&('-1! ()/! 0-/<'#/!0/#:1)01!,*:3#',/0/!1!21C*!01)1-!,*)0*!2'!()/!0/#1!+1-'1!2'!1+'&1)816! ,.1! /##/! <')1! B! ;(/+'! ':3*++'7'#1! ,.1! 3*++/!1<<100'C/:1)01! </-! /--'C/-1! /#! #100*-1! ,'Z! ,.1! /C1C*!')01)8'*)1! 2'! ,*:()',/-&#'! /##?')'8'*6! 3-':/! 2'! 2*C1-!,*:'),'/-1! /! +(31-/-1! *! /&&'-/-1! 0(00/! ;(1+0/! +1-'1! 2'!*+0/,*#'=! O1-! 3-':/! ,*+/! 3-1)2*! /,,*-2'! ,*)! #^9=P=G=! 31-!21,'21-1! +1! '#! 0/#1! /CC1)':1)0*!:1-'0/! 2'! 1++1-1! +1&('0*! 1!,*)!;(/#'!:*2/#'0U!1!,*)!;(/#1!+3/8'*=!E===F!G?/-0',*#*!2'!,-'0',/!:(+',/#1! C'1)1! ,*)+'21-/0*! ()! -'1:3'0'C*! *! 0(00^/#! 3'>! ()/!:/)'1-/! 31-! 2/-1! ()/! 3/0')/! ,(#0(-/#1! /##/! 3/&')/! 21&#'!+3100/,*#'! ')! :/),/)8/! 2'! /-&*:1)0'! &'*-)/#'+0',/:1)01!:'&#'*-'6! :'! ,/3'0/! 2();(1! :*#0*! 3'>! +31++*! ,.1! /&#'! /#0-'!,-'0','!2'!2*C1-!,*),1)0-/-1!')!()/!,/-01##/!()!</00*!2'!&-/)21!')01-1++1!1!2'#('-1!')!0-1!,/-01##1!()!</00*!;(/+'!')+'&)'<',/)01=!G?/-0',*#*! C'1)1! +312'0*! /'! C/-'! ;(*0'2'/)'! #*,/#'! +3/-+'! /'!;(/00-*!/)&*#'!21##?"0/#'/6!2*C1!;(/#,.1!-12/00*-16!,*)!,('! '*!)*)!.*!:/'! /C(0*! ')! C'0/!:'/! '#!:')':*! ,*)0/00*6! 21,'21! ')!7/+1! /##1! 3/-0',*#/-'! 1+'&1)81! 21#! +(*! &'*-)/#1! EkF! +1!3(77#',/-#*!,*+A!,*:?B!*!+1!+,*-,'/-#*!2'!;(/#,.1!-'&/!*!2'!()/!,/-01##/! *! +1! ,1+0')/-#*! 2'-100/:1)01=! ")<')1! #?/-0',*#*6!3/++/0*!31-!;(1+0*!#100*!2'!O-*,(+016!C'1)1!#100*!2/#!#100*-1=!H/! ;(/#1! #100*-1a! ](1+0/! 2*:/)2/! *&)'! &'*-)/#'+0/! +1! #/!3*)1! '),1++/)01:1)01=! H/! )1#! :'*! ,/+*! )*)! B! 3*++'7'#1!)1/),.1! '3*0'88/-1! #?1+'+01)8/! 2'! ()! #100*-1[0'3*! Ek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

5/.'$!5/'(/+(!

5.*(#/!V!9$%(0(#/!#.%0.'/%&!

EkF! "#! ,-'0',*! 2*C-1771! ')01-C1)'-1! /),.1! +(##1! +,1#01! 21'!3-*&-/::'! 1! )*)! ,?B! 2(77'*! ,.1! #?')C/21)8/! 21&#'!/CC1)':1)0'!,#/:*-*+'!)*)!2*C-1771!2'+0*&#'1-#*!2/#!2*C1-1!2'! +1&('-1! /001)0/:1)01! ,.'! </0',/! /! </-+'! +0-/2/=! G/!21)'&-/8'*)1!21)*0/! '),*:3101)8/=!c&)'!&'(2'8'*!3*+'0'C*!*!)1&/0'C*!,.1!+'/6!2*C-1771!1++1-1!&'(+0'<',/0*!2/!()/!/)/#'+'!

01,)',/6!+0'#'+0',/!1!R31-+*)/#1SW!')01)2*!2'-1!,.1!:(+','+0'!+'!)/+,1Y!3-*<1++'*)'+0'!+'!2'C1)0/!+0(2'/)2*!:*#0*6!3/&/)2*!2'!31-+*)/=! "#! ,-'0',*! 21C1! ,*)*+,1-1! #/! <()8'*)1! 21&#'!+0-(:1)0'Y!/)8'6!'#!#*-*!<()8'*)/:1)0*=!K1C1!+/31-!#1&&1-1!#1!3/-0'0(-1=!K1C1!,*)*+,1-1!#/!+0*-'/!21##/!:(+',/Y!/#0-':1)0'!'#!+(*!&'(2'8'*!)*)!3(Z!1++1-1!/001)2'7'#1=!EkF!

5W/!D/++&+2/.,!21#!M+33$/3/'./11&'A/3&!

M0(%&!&X$!(+0&%%(3&+4/!

Ek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k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

N/'%$!5/'(/!N&%%/!

L.+4($+&!&-.#/0(7/!

Ek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

,*)01)(0'=! O*',.Q! 31-Z! #?')2(+0-'/! ,(#0(-/#1! 01)21! p!/00(/#:1)01!+1:7-/!/)8'!1++1-1!;(1+0*!'#!+(*!()',*!+,*3*!p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a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d! #/!,(#0(-/=!EkF!

=$2&'0$!C'.*$00(!

D(9$!.,/+$!$!9'$)&**($+(*0/Y!

EkF!G/!+0-/&-/)21!:/&&'*-/)8/6!:1!,*:3-1+*6!C'C1!/),.1!*!+*3-/00(00*! 2?/#0-*W! #1&'*)'! 2'! ')+1&)/)0'! 2'! L*)+1-C/0*-'*! *!2'!N)'C1-+'0U6!;(/#,.1!2'-100*-1!/-0'+0',*!*!+':'#'6!/#0-'!,.1! #*!

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

/##/-&/:1)0*! ;(/)0'0/0'C*! 21##*! +3/8'*! ,/-0/,1*! /!2'+3*+'8'*)16! :/! -',.'121! *<<1-01! ;(/#'0/0'C1! 2'! /#0-*! 0'3*6!-',.'121! )(*C1! '2116+0'#'! )(*C'! 31-! /<<-*)0/-1! '! </00'! 1! '!31-+*)/&&'=! @',.'121! ')! +*+0/)8/! ()/! ,-1+,'0/! 3-*<1++'*)/#1!:/!')!+1)+*!&'*-)/#'+0',*!1!)*)!+0*-'*&-/<',*!*!:(+1*&-/<',*=!T!:'!31-:100*!/),.1!'#!#(++*!2'!()!/CC1-0':1)0*W!/001)8'*)1!,.1!2'!;(1+0*!)(*C*!+3/8'*!+'!+*)*!&'U!/,,*-0'!&'*-)/#'+0'!71)!3'>!/&&(1--'0'!E#1&&'!9(&'/+!q!L*F=!

>'&*0&!C$**(+(!2'![&.$+'U+,+1&3/

!

!