Com Prom Gram

8/8/2019 Com Prom Gram

1/194

!


2/194

#$%$&'()!!"#$%&$%'()$##$)!

*+',-.!/012.,/-'*+3+'!"#$%&$'$%4'567'!"#$%&$%8'*+9+'.67'!"#$%&$%':$%;?@=AB.'=-0'?@/-B.,2C'

3+3+'.67'!"#$%&$%'$:D6$E75'3+9+'?"57%5&$:'4&FF&G


3/194

9+9+9+39+'567'5'4-.-!'#


4/194

' ' ' O+O+3+Q+'/%7[F")#'$4V7G5&W78'O+O+9+'.67'


5/194

O+P+R+Q+' .67'47#"%85)$5&W7'D)"%"

O+Q+3+3+'.67'&%57))";$5&W7'a')7:$5&W7'D)"%"


6/194

O+Q+9+Q+'.67'G$)4&%$:'%


7/194

P+9+3+3+P+3+9+'C57#'7%4&%;'&%'75''P+9+3+3+P+3+O+'C57#'7%4&%;'&%'$'W"I7:M'#"85:L'7*'

P+9+3+3+P+9+'U"47:'9'f'I&56'567'&%F&Y'7",#7'7"/7''P+9+3+3+P+9+3+'C57#'7%4&%;'&%'$'G"%8"%$%5'P+9+3+3+P+9+9'C57#'7%4&%;'&%'$'W"I7:M'#"85:L'7*''

P+9+3+3+Q+'.67'D)787%5'&%4&G$5&W7'"F'567'W7)E8'&%'7=-^P56'G"%V


8/194

P+9+P+9+'.67'D$85'"D5$5&W7[G"%4&5&"%$:'P+9+P+9+3+'\")#&%;'567'D$85'"D5$5&W7[G"%4&5&"%$:'

' ' ' P+9+P+9+9+'18&%;'567'D$85'"D5$5&W7[G"%4&5&"%$:'P+9+Q+'.67'D)78


9/194

S+9+O+'2"))7:$5&W7'G"%V


10/194

*+',-.!/012.,/-'

*+3+'!"#$%&$'$%4'567'!"#$%&$%8!!!

2$3'45'! 6$775&5'8! 4'39!!"#$%&':! 5;! '4! A5&! &94=9(! $7! =A9! &$4=5494=C!$4!,+D+/EF/EE!'4@!,0D"-EF.EE!4$(=A!8'=5=)@9!'4@!*FD"-E,,EE!'4@!*1D,"E*,EE!9';=!8$4B5=)@9G!HA9!,-=A!>'('8898'=5=)@9!4$(=A!635@I'?!J9=I994!=A9!8'54;!6++W:G!HA9!&94=('8!'(

$7!=A9!&$)4=(?C!=A9!H('4;?8S'45'4!>8'=9')!6(")&*+,-.'%/&+0'%&1&:C!5;!;)(($)4@9@!J?!=A9!#'(>'=A5'4!R$)4='54;!62*3'.4'&:C! I5=A! =A9! A5BA9;=! >9'N! R$8@$S9'4)8! 6*C-,+! 3! T! 0C+,"! 7=:G! HA9!3$)4='54;! ;8$>9! 54=$! A588?! (9B5$4;! IA@9;&94@!B('@)'88?!54=$!>8'54;G!HA9!4'=)('8!;$)=A9(4!J$(@9(!$7!2$3'45'!5;!=A9!X'4)J9!(5S9(!65*%.1':G!HA9!X'4)X98='!651+6',5*%.&&:!5;!'83$;=!94=5(98?!$4!2$3'45'4!=9((5=$(?G!HA9!894B=A!$7!2$3'45'E;!O8'&N!U9'!62'.1',71'8&$';=!6=$!=A9!9';=:!5;!*+,!N3!6",-GF0!3589;:G!!

HA9!&853'=9!5;!=93>9('=9!&$4=5494='8Y!=A9(9!'(9!$&9'45&!5478)94&9;!7($3!=A9!I9;=C!R9@5=9(('49'4!5478)94&9;!7($3!;$)=AI9;=C!'4@!9Z&9;;5S9!&$4=5494='8!5478)94&9;!7($3!=A9!4$(=A9';=G!

HA9!B$S9(4394=!5;!'!&$4;=5=)=5$4'8!(9>)J85&!I5=A!'!3)8=5>'(=?!>'(85'394='(?!;?;=93!'4@!'!J5&'39('8!M'(85'394=G!H4'=5$4'8! 78'B! 5;!&$3>$;9@! $7!=A(99! 9K)'8! S9(=5&'8!;=(5>9;[!J8)9C! ?988$I! '4@!(9@! 6J9B54454B! 7($3! =A9! 78'B>$89:G! H

4'=5$4'8!;9'8!(9>(9;94=;!'4!9'B89!$4!'!85BA=!J8)9!;A598@C!A$8@54B!'!&($;;!54!5=;!J9'N!'4@!'!;I$(@!'4@!;&9>=9(!54!5=;!&8'HA9! &$'=! $7! '(3;! 54&8)@9;! =A9! ;?3J$8;! $7! =A9! A5;=$(5&'8! >($S54&9;! T! \'8'&A5'! 6'.', !"#$%1'/9:C! R$8@'62"+)"0':C!H('4;?8S'45'!6-.'%/&+0'%&':C!O'4'=!6:'%'6:!'4@!X$J()@%'!65";."81':G!HA9!4'=5$4'8!A$85@'?!6;54&9!"15;!X9&93J9(!"C!=A9!'445S9(;'(?!$7!=A9!"1"0!)45$4!$7!'88!2$3'45'4;!54=$!'!;54B89!;='=9G!HA9!U='=9!'4=A93!5;!'!A5;=$>'=(5$=5&! ;$4B! &$3>$;9@!J?! P4=$4!M'44C!I5=A!8?(5&;!J?!P4@(95! R)(9'4)C!]PI'N9C!^9C!2$3'45'4]!65161'46."#$%1:G!

HA9! >$>)8'=5$4! $7! 2$3'45'! 5;! **G,! 35885$4! 6"111:G! R$;=! $7! =A9! 54A'J5='4=;! 601G-:! '(9! 2$3'45'4;C! /G"W!V)4B'(5'4;C! "G/W! _?>;59;C! FG-W! _9(3'4;G! `=A9(! 9=A45&! B($)>;! '(9[! QN('545'4;C! 2);;5'4;C! U9(J;C! #($'=;C! H)H'(='(;C!U8$S'N;C!O)8B'(5'4;C!a9I;C!#b9&A;C!M$89;C!_(99N;C!P(3945'4;G!PJ$)=!0! 35885$4!2$3'45'4;!85S9!'J($'@G!H)(J'4!>$>)8'=5$4!(9>(9;94=;!--W!$7!=A9!54A'J5='4=;G!

HA9(9! '(9! "-! (985B5$);! @94$354'=5$4;! $775&5'88?! '&N4$I89@B9@! 54! 2$3'45'G! HA9! 3$;=! &$3>(9A94;5S9! '(9[!2$3'45'4! `(=A$@$Z! #A)(&A! 60.G0W:C! =A9! 2$3'4! #'=A$85&! #A)(&A! 6-GFW:C! =A9! 297$(39@! #A)(&A! 6+G-W:C!2$3'45'4! #A)(&A! Q45=9@! I5=A! 2$39! c! =A9! _(99Nd#'=A$85&! #A)(&A! 6"GFW:C! =A9! M94=9&$;='8! (985B5$4! 6"GFW:C!#A(5;=5'4! O'>=5;=! (985B5$4! 6FG-W:C! =A9! Q45='(5'4! #A)(&A! 6FG+W:C! =A9! U9S94=AdX'?! P@S94=5;=! (985B5$4! 6FG+W:C!8);!=A9!&'>5='8!&5=?C!IA5&A!A';!'!&$)4=?!;='=);C!*.*!=$I4;C!$7!IA5&A!0F!'(9!3)45&5>'85=59;C!'4@!*C&$33)49;!I5=A!"+C*0-!S588'B9;G!HA9!&'>5='8!$7!2$3'45'!5;!O)&A'(9;=C!'! 3)45&5>'85=?!@5S5@9@!54=$!;5Z!'@3545;=('


11/194

b$49;!6/196"'.1:C!I5=A!'! >$>)8'=5$4! $7!*GF/!35885$4!6"111:G!O)&A'(9;=!5;! 8$&'=9@! 54!=A9! 2$3'45'4!M8'54!63$#4&!"#$%:C!'8$4B!=A9!(5S9(!Xe3J$S5'G!O)&A'(9;=!75(;=!'>>9'(;!54!'!I(5==94!@$&)394=!54!",-1C!IA94!5=!5;!394=5$49@=A9! &5=?! $7! (9;5@94&9! $7! f8'@! =A9! g3>'89(! 6?+'), 141C! '8;$! N4$I4! ';! X('&)8':G! O)&A'(9;=! J9&'39! =A9! &'>5='2$3'45'! 54! "0.*G! `=A9(! 53>$(='4=! &5=59;! 54! 2$3'45'! '(9[! g'5! 6>$>)8'=5$4[! +,0CFFF:C! #$4;='4'! 6+,.CFFF:C! #L'>$&'!6++,CFFF:C!H535$'('!6+++CFFF:C!_'8'5!6+*1CFFF:C!O('$S!6+"1CFFF:C!#('5$S'!6+"+CFFF:G!

2$3'45'!859;!54!=A9!)J85&! $7!U$)=A!P7(5&'G!HA9!39=(5&! ;?;=93! A';! J994! 54!);9! ;54&9!"0..G!HA9!4'=5$4'8! &)((94&?2$3'45'! 5;! +1*C! >8)('8! +1&C!!@A! $4! 54=9(4'=5$4'8! 3'(N9=;! 6j"! k! +*CFFF! 895! ';! 7$(! i9J()'(?! *FF,:G! HA9! @$39&$4S9(=5J585=?!$7!=A9!+1*!I';!54=($@)&9@!54!L$S93J9(!"11"G!

*+9+'.67'!"#$%&$%':$%;(9;94='=$7! =A9! 7'358?! $7! 2$3'4&9! 8'4B)'B9;G! g4! =9(3;! $7! ;$4$(5=?C! 2$3'45'4! 5;! S9(?! ;5358'(! =$! g='85'4G! HA9! 2$3'48'4B)'B9! 5;! =A9! (9;)8=! $7! =A9! 9S$8)=5$4! $7! =A9! l'=54! ;>$N94! 54! X'&5'! '4@! R$9;5'! '7=9(! =A9?! I9(9! &$4K)9(9@!&$8$45b9@!J?! =A9! 2$3'4!5(9G!HA9! 8'4@;!4$(=A! $7!=A9!X'4)J9C! 54A'J5=9@! J?!X'&5'4;C! I9(9! &$4K)9(9@!54! =A9!

&94=)(?C! J)=! =A9! =9((5=$(59;! ;$)=A! $7! =A9! X'4)J9!A'@!'8(9'@?! J994! $&&)>59@! =I$! &94=)(59;! J97$(9G! HA9! >$>)8'=585S54B!'($)4@!=A9!X'4)J9!);9@!;5358'(!@5'89&=;!=$!&$33)45&'=9C!'4@!=A95(!3'=9(5'8!'4@!;>5(5=)'8!I9(9!S9(?!&8$;9!3'4?! I'?;G!HA9! 2$3'4! &$8$45;=;!;>$N9!=A9! S9(4'&)8'(! S9(;5$4!$7!l'=54!&'889@! f)8B'(! l'=54C! IA5&A! @5779(9@! 7(&)8=5S'=9@!l'=54G!HA9!>($S54&9!$7!X'&5'!I';!&$8$45b9@!('>5@8?C!'4@!l'=54!>($S9@!=$!J9!;=($4B!94$)BA!=$!@5;;$8S9!';;5358'=9!=A9!4'=5S9!@5'89&=;G!2'>5@!2$3'45b'=5$4C!9'(8?!#A(5;=5'45=?C!=A9!@'?d=$d@'?!8579!=A'=!&$4=54)9@!54!X'&5'!'=A9!I5=A@('I'8!$7!=A9!2$3'4!'@3545;=('=5$4!54!*/"!T!'88!=A9;9!989394=;!>($S9!=A'=!=A9!=('4;7$(3'=5$4!$7!l'=54!54=49I!8'4B)'B9!J9B'4!S9(?!;$$4!'7=9(!=A9!2$3'4;!;='(=9@!=A9!&$8$45b'=5$4!$7!=A9!8'4@;!$7!X'&5'4;C!IA94!=A9!;?3J5$;J9=I994!=A9!&$4K)9($(;!'4@!=A9!8$&'8!>$>)8'=5$4!J9&'39!(9'8G!HA5;!I';!'!S9(?!8$4B!>($&9;;C!'4@!5=!5;!@5775&)8=!=$!;='IA94!9Z'&=8?!5=!I';!&$3>89=9@G!R$;=!;>9&5'85;=;!'B(99!=A'=!54!=A9!"F=A!&94=)(?!2$3'45'4!';!'!8'4B)'B9!I5=A!5=;!$@5;=54&=5S9!79'=)(9;!I';!'8(9'@?!54!);9G!

`S9(!=A9!&94=)(59;C!=A9!49I!8'4B)'B9!9Z>9(594&9@!4)39($);!9Z=9(4'8!5478)94&9;C!3$;=8?!'=!=A9!89Z5&'8!89S98G!P=!=B('33'=5&'8!89S98C!2$3'45'4!5;!$49!$7!=A9!3$;=!&$4;9(S'=5S9!2$3'4&9!8'4B)'B9;C!IA5&A!5;!@)9!=$!=A9!7'&=!=A'=!=;>9'N9(;!J98$4B9@!=$!'!3'(B54'8!'(9'C!5;$8'=9@!7($3!=A9!(9;=!$7!=A9!2$3'4&9!I$(8@G!U$39!;&A$8'(;!&$4;5@9(!2$3'4=A9! 3$;=! ]>)(9]! 2$3'4&9! 8'4B)'B9! 54! =9(3;! $7! B('33'(C! 5G9G! =A9! &8$;9;=! =$! l'=54G! V$I9S9(C! =A9! 4'=)(9! $7!8'4B)'B9C! 9;>9&5'88?! 5=;! S$&'J)8'(?C! A';! J994! ;A'>9@! J?! S'(5$);! A5;=$(5&'8! 5478)94&9;G! 2$3'45'4! A';! ';;5358'U8'S5&C!V)4B'(5'4C!H)(N5;AC!'4@!49$d2$3'4&9!989394=;G!

HA9!B('33'=5&'8!;=()&=)(9!'4@!=A9!J';5&!I$(@!;=$&N!$7!=A9!2$3'45'4!8'4B)'B9!A'S9!J994!54A9(5=9@!7($3!l'=54G!P'88!=A9!$=A9(!2$3'4&9!8'4B)'B9;C!54!2$3'45'4!=A9(9!5;!'!;)J;=('=)3!65G9G!=A$;9!989394=;!$7!=A9!4'=5S9!@5'89&=;!IAI9(9!54&$(>$('=9@!54=$!=A9!f)8B'(!l'=54:!'4@!'!;)>9(;=('=)3!65G9G!=A9!49I!989394=;!=A'=!>949=('=9@!=A9!49I!2$3'458'4B)'B9! ';! '! (9;)8=! $7! =A9! 54S';5$4;! $7! =A9! 35B('=$(?! >9$>89;:G! g4! 2$3'45'4C! =A9! ;)J;=('=)3! 5;! X'&5'4C! '4@!

;)>9(;=('=)3! 5;!3$;=8?! U8'S5&G! HA9!989394=;!$7! =A9!;)J;=('=)3! '(9! @5775&)8=! =$! 5@94=57?C! ;54&9! =A9(9! '(9! 4$! (985';$)(&9;G!HA9!&(5=9(5'!854B)5;=;!)4'453$);8?!'&&9>=!I$)8@!J9!=A9!&$3>'(5;$4!I5=A!=A9!P8J'45'4!8'4B)'B9C!&$4;5@9=$!J9!=A9!@5(9&=!&$4=54)'=5$4!$7!=A9!HA('&5'4!@5'89&=;G!l54B)5;=;!A'S9!;=)@59@!=A9!2$3'45'4!8'4B)'B9!54!&$3>'(5;I5=A!$=A9(!O'8N'4!8'4B)'B9;C!9;>9&5'88?!P8J'45'4C!54!'4!'==93>=!=$!754@!I$(@;!$7!X'&5'4!$(5B54G!U$39!".F!;)&A!I$A'S9! J994! 5@94=5759@C! '3$4B! =A93! =9(3;! (98'=9@! =$! =A9! A)3'4! J$@?C! 7'358?! (98'=5$4;A5>;C! >';=$('8! '&=5S5='B(5&)8=)(9C!S5=5&)8=)(9C!>5;&5&)8=)(9C!9=&G!

#$4='&=;!I5=A!=A9!U8'S5&!@5'89&=;!@'=9!J'&N!=$!=A9!.=A

!$(!/=A

!&94=)(?G!HA9!U8'S5&!@5'89&=;!5478)94&9@!2$3'45'4C!;5=A9!8$&'8!>$>)8'=5$4!'4@!=A9!49I&$39(;!94B'B9@!54!&$A'J5='=5$4G!HI$!=A54B;!;)BB9;=!=A'=!IA94!=A9!U8'S5&!98939J9B'4!=$!5478)94&9!2$3'45'4C!=A9!8'==9(!I';!'8(9'@?!'!8'4B)'B9!54!5=;!$I4!(5BA=G!i5(;=$7!'88C!2$3'45'4!3$(>A$8$>(9;9(S9@!'83$;=!)4'8=9(9@!5=;!l'=54!;=()&=)(9G!U9&$4@C!&9(='54!>A$49=5&!8'I;!=?>5&'8!7$(!l'=54!@5@!4$=!$>9('=9!$4!

49I!89Z5&'8!989394=;!&$354B!7($3!=A9!U8'S5&!;)>9(;=('=)3G!


12/194

g=! 5;! 53>$(='4=! =$! 394=5$4! =A'=! 2$3'45'4! @5@! 4$=! 9Z>9(594&9! =A9! 5478)94&9! $7! &8';;5&'8! l'=54C! ';! $=A9(! 2$3'8'4B)'B9;! @5@G! g4! =A9! #'=A$85&! '(9';! 6g='8?C! i('4&9C! U>'54:C! l'=54! I';! =A9! 8'4B)'B9! $7! &)8=)(9! '4@! (985B5$4C! IAU8'S$45&!I';!);9@!54!=A9!`(=A$@$Z!#A)(&A!'4@!54!=A9!'@3545;=('=5$4!$7!=A9!2$3'45'4!U='=9;G!Q4=58!=A9!"1

=A!&94=)

2$3'45'4! =9Z=;! I9(9! '8;$! I(5==94! 54! #?(5885&C! I5=A! '@%);=394=;! 7$(! &9(='54! >A$49=5&! 79'=)(9;! $7! 2$3'45'4G! g=A9(97$(9! 4$=! ;)(>(5;54B! =A'=! '=! =A9! 94@! $7! =A9! "0=A! '4@! =A9! J9B54454B! $7! =A9! "1=A! &94=)(?! =A9(9! 939(B9@! '32$3'45'4!54=9889&=)'8;!'!;=($4B!(9'&=5$4!'B'54;=!=A9!U8'S5&!989394=;!>(9;94=!54!=A9!8'4B)'B9G!P!>($&9;;!$7!;?;=93'=

(9dl'=545b'=5$4!$7!2$3'45'4!J9B)4C!3'548?!;)>>$(=9@!J?!2$3'45'4!I(5=9(;G!P;!'!(9;)8=C!'!3';;5S9!'3$)4=!$7!=9J$(($I9@!7($3!$=A9(!2$3'4&9!8'4B)'B9;!>949=('=9@!2$3'45'4G!l54B)5;=5&!(9;9'(&A!;A$I;!=A'=!*FW!$7!=A9!2$3'45S$&'J)8'(?! 5;! 54A9(5=9@! 7($3! l'=54C! ",W! '(9! U8'S5&! J$(($I54B;! 6`8@! U8'S5&C! O)8B'(5'4C! U9(JC! #($'=5'4C! QN('542);;5'4:C! *G+/W! _(99N! J$(($I54B;C! *G"/W! V)4B'(5'4! J$(($I54B;C! +G/W! H)(N5;AC! *G+W! _9(3'45&C! +0G,W! i(94*G,W! J?!J$(($I54B;!7($3! =A9! &8';;5&! l'=54C! "G/W! J$(($I54B;!7($3!g='85'4G!HA9(9!'(9! 3'4?!989394=;!54!2$3'4IA$;9!$(5B54!&'44$=!J9!9;='J85;A9@!>(9&5;98?G!HA9!3$;=!54=94;9!'4@!'&=5S9!5478)94&9!54!2$3'45'4!=$@'?C!';!54!$=9'4!'4@!9;>9&5'88?!


13/194

3+''=>?@=AB.'=-0'?@/-B.,2C'

3+3+''.67'!"#$%&$%'$:D6$E75'

HA9!2$3'45'4!I(5=54B!;?;=93!);9;!=A9!l'=54!'8>A'J9=C!I5=A!-!'@@5=5$4'8!89==9(;!7$(39@!I5=A!@5'&(5=5&;[!C'Y!jY'!kC'lY'C' G! g4!(9'@54B! '4@!I(5=54B! 2$3'45'4C! =A9! B949('8! ()89! 5;! =A'=! $49! 89==9(! &$((9;>$4@;! =$!$49!;$)4@G! HA9(9!A$I9S9(C!;$39!;5=)'=5$4;!54!IA5&A!;9S9('8!89==9(;!&$((9;>$4@!=$!$49!;$)4@C!$(!;9S9('8!;$)4@;!=$!$49!89==9(G!

HA9!89==9(;!'4@!=A95(!4'39;!54!2$3'45'4!'(9[!

=C!$!6':Y!C!!6:Y!j!6e!@54!':Y!AC!E!6J9:C!2C!G!6&9:Y!0C!4!6@9:C!BC!7!69:Y!\C!F!679!c!97:Y!(C!;!6BA9!c!B9:Y!@C!6!6A'!c!A':Y65:Y!kC!l!6m!@54!5:Y!gC!V!6%9:C!mC!h!6N'!@9!8'!N58$B('3:C!>C!:!689!c!98:Y!UC!#!639!c!93:Y!-C!%!649!c!94:Y!/C!"!6$:Y!?C!D!6>9:)C!6(9!c!9(:Y!CC!8!6;9!c!9;:Y!C!!69:Y!.C!5!6=9:Y!C!!69:Y!1C!

HA9!89==9(;!&$((9;>$4@!=$!;$)4@;!';!7$88$I;![!

>7557)' C"94C! ;85BA=8?!

($)4@9@Y!;5358'(!=$!$!54!F$567)!!#(8! A9'@C! ;(,! ='J89C!8(3(/!

>'8'&9C! ;($(1!5! ;=$(9C!8!2(;(!>'%'3';!

C!! n! oY! S$I98C! &94=('8C! A'87d$>94C!;85BA=8?! ($)4@9@Y! ;5358'(! =$! $! 54!$E"$;5=5$4;'

n?oY! S$I98C! &94=('8C! &8$;9C!)4($)4@9@Y! 5=! 5;! >($4$)4&9@!

;$39IA'=!85N9!=A9!;$)4@!n! oC!J)=!7'(=A9(! J'&N! '4@! A5BA9(C! 85N9! '!;$)4@!J9=I994!&!'4@!

;)5! A'4@C! #)50! IA94C!>/+)5! $8@C! 8)!5"! J(9'@C!

#)5/)50!;54B54B!

AC!E! nJoY! &$4;$4'4=C! >8$;5S9C! J58'J5'8C!S$5&9@Y!85N9!E!54!E$)!

>(+#!J$'=C! >!5"! B$$@C! >+(0!75(, =(99C!>3*1!J8$);9C!(>,&3*/!'J;$8)=9!

2C!G!"G! IA94! 7$88$I9@! J?!$C! C! jC! "C! $;5=5$4!

!nNoY! &$4;$4'4=C! >8$;5S9C! S98'(C!S$5&989;;Y!85N9!G!54!G$)!

-#(8! A9'@C! #;(! ;A5(=C!#)5/"#! ;$4BC! #&+8! J$@?C!

(#/&+!'&=$(C!(#+*!;$)(!

*G! 54! =A9! B($)>;! G67C!G6&!

nNpoY! &$4;$4'4=C! >8$;5S9C! >'8'='8C!S$5&989;;Y!85N9!h!54!h77%!$(!h7%%7:!

#%"5(+' J$(@9(C! +(#%"/!($&N9=C! #%!/(+! B)5='(C!(#%!1!!"!'&K)5;5=5$4!

+G!54!=A9!B($)>;!G7C!G&! n=oY! &$4;$4'4=C! '77(5&'=9C! >(9d>'8'='8C! S$5&989;;Y! 85N9! G6! 54!G6$)57)!

#"+!;N?C!(-! ;$)(!;$)>!


14/194

0C!4! n@oY! &$4;$4'4=C! >8$;5S9C! @94='8C!S$5&9@Y! ;5358'(! =$! 4! 54! 4$)7C! J)=!@94='8C!4$=!'8S9$8'(!

0(! ?9;C!(0","(! $7=94C!(0+",!'@@(9;;C! (- (0;!+(! =$! '@35(9C!(09"+,(+! $>>$494=C! #)50!IA94!

BC!7!"G! '88! =A9! >$;5=5$4;C!9Z&9>=!=A9!$49!J98$I!

n9o! S$I98C! 7($4=C! A'87d$>94C!

)4($)4@9@Y!;5358'(!=$! 7!54!87%4Y!54!;$39! ;5=)'=5$4;! 6;$39! >9(;$4'8!

>($4$)4;!'4@!7$(3;!$7!=A9!S9(J!(-$;5=5$4C!5=!5;!>(9&9@9@!

J?!=A9!;935S$I98!n%o!

"3"A'4=C! >"+"! J99(C!

+"$*3! ()89C! (9"+"! 7$(=)49C!#"+"+"!(9K)9;=!!"*!gC!"!!=A9?C!",/"!5;!

*G! >(9dS$&'85&C! 4$4d;?88'J5&!

n9o! ;935S$I98C! 7($4=C! A'87d$>94C!)4($)4@9@!!

(->"(!=$!@(54NC!(-9"0"(!=$!;99C!/"(;!79'(!

\C!F! n7oY! &$4;$4'4=C! 7(5&'=5S9C! 8'J5$d@94='8C!S$5&989;;Y!85N9!F'54!F$)!

;!;7C!;&! n! @ oY! &$4;$4'4=C! '77(5&'=9C! >(9d>'8'='8C!S$5&9@Y!85N9!V!54!V"E!

$"5! B94@9(C! ($"+! K)5&NC! (-;"+$"! =$! I'8N C! $!5! B54C!

;($!#!(5!3'B5&5'4C!(-$;5=5$4C! 54!754'8! >$;5=5$4! IA94!;=(9;;9@! '4@! '7=9(! =A9!B($)>;!G:C! G)C!4)C!85)C!5)!

n5oY!S$I98C!7($4=C!&8$;9C!)4($)4@9@Y!8$4B9(!=A'4!=A9!;A$(=! &!54! I&%!'4@!;A$(=9(!=A'4!=A9!8$4B!&!54!477D!

!5!;!A9'(=C!;!3!&5!35885$4C!(-!*>!! =$! 8$S9C! (-&+>!! =$! J854@C!;)50+!! >($)@! 63GC! >8G:C!(3>(/+!!J8)9!63GC!>8G:!

*G! 54! 545=5'8! >$;5=5$4!J97$(9! '! S$I98C! 54!754'8! >$;5=5$4! '7=9(! '!S$I98!

n5oY! ;935dS$I98C! 7($4=C! &8$;9C!)4($)4@9@Y!85N9!L!54!L78'$(!54!E"L!

!(+5!I54=9(C!!"8*+"!('JJ5=C!(-!*>!! =$! 8$S9C! #&59&!! &$4S$?C!"9(5/(!!7'4C!8*!!&A5&N94!

+G! 54! 754'8! >$;5=5$4!'7=9(!&$4;$4'4=;C!4$4d;?88'J5&!

n5oY! ;A$(=! ;935S$I98C! 7($4=C! &8$;9C!

)4($)4@9@C! 54@5&'=54B! =A9! >'8'='8!$(! >'8'='85b9@! &A'('&=9(! $7! =A9!

>(9S5$);!&$4;$4'4=!

*5#%!! )4&89C! (3>!! IA5=9! 63GC!>8G:C! ;(#!! >$>>?! 78$I9(;C!0+($!! @9'(! 63GC! >8G:C! #(3;!!&'83! 63GC! >8G:C! (5!! ?9'(;C!8(!!


15/194

;=9>;C!$494=! $7!'!&$3>$)4@!I$(@!

n?oY! S$I98C! &94=('8C! &8$;9C!)4($)4@9@Y!=A9!;'39!;$)4@!';!7$(!j!

=5$"+! '4B98C! =5/);83(+"!A'>>9454BC! (- #&>&+= ! =$,@9;&94@C! ;*3/=50+$!/!

J98$S9@!

!gC!V! n! oY! &$4;$4'4=C! 7(5&'=5S9C! >(9d>'8'='8C!S$5&9@Y!85N9!8!54!D:7$8C!>($(2!8)BB'B9! !

!!

!mC! h! T! =A5;! 89==9(!$&&)(;! %);=! 54! ;9S9('8!49$8$B5;3;!

nNoC! nNpoY! &$4;$4'4=C! >8$;5S9C!>'8'='8C!S$5&989;;Y!85N9!h!54!h77%!

?(?!! NA'N5C! ?!3&$+(;!N58$B('3C!?!3&;"/+*!N58$39=9(!

!!!

!>C!:! n8oY!;$4'4=C!8'=9('8C!@94='8Y! 85N9!:!54!:&F7!

3(8/"! 358NC! 3"*! 85$4C! 3!#"*!A5BA! ;&A$$8C! (3/!/*0!5"!'8=5=)@9C! "3"A'4=C! #(3!A$(;9!

!!!!

UC!#! n3oY!;$4'4=C!4';'8C!J58'J5'8Y!85N9!#'54!#$%!

;(+"! J5BC! ;5*! B8$S9C!;)!5"! =$3$(($IC! ;&/(5!=$3&'=C! ;*5/"! 3$)4='54C!(;>!(5!'3J5'4&9C!$";!%'3!

!!!!!

-C!%! n4oY!;$4'4=C!4';'8C!@94='8Y!85N9!%'54'%"87!! 5(,!4$;9C!5"+9!49(S9C!5&;(0!4$3'@C!5*;"!4'39C!=5#!?9=C!*50"! IA9(9C! >(5! &$54C!5">*5!&('b?!

!!!!!!

/C!"!"G! '88! =A9! >$;5=5$4;!9Z&9>=!=A9!$49!J98$I!

n$oY! S$I98C! J'&NC! A'87d$>94C!($)4@9@Y!85N9!"!54!")47)!

%!! 9?9C! &+(! &5=?C! &>!#"!!A'J5=C!#&!&$&N!

*G! >(9dS$&'8C! 4$4d;?88'J5&!

n$oY! ;935S$I98C! J'&NC! A'87d$>94C!

($)4@9@!&(!"!;A99>C!#&(3!;&A$$8!

!!!!!

!?C!D! n>o! &$4;$4'4=C! >8$;5S9C! J58'J5'8C!S$5&989;;Y!85N9!D'54!D$)h!

8(%(+! B8';;C! #(8(#! 85@C! #(8!A9'@C!8+"! >(5&9C! #&+8! J$@?C!3(8/"!358N!

!!!!!C!)! n(oY! ;$4'4=C! ($889@C! '>5&'8C! @94='8Y!

;5358'(!=$!)!54!E)7$4!J)=!=(5889@!+(;! 7('39C! ;&+(3! 3$('8C!

8(%(+! B8';;C! (+/! '(=C! #(+5"!39'=!

!!!


16/194

!CC!8! n;oY! &$4;$4'4=C! 7(5&'=5S9C! @94='8C!

S$5&989;;Y!85N9!8!54!8"C! 9",/"! 49I;C! (-(,#*3/(!=$!85;=94!

!!!!

C!! no! &$4;$4'4=C! 7(5&'=5S9C! >(9d>'8'='8C!S$5&989;;Y!85N9!86!54!86$)D!

(+8"! ;4'N9C!&(+"#"! 3$);9C!(-(/"8/(!=$!I'5=C!3(!&$I'(@!

!

!

!.C!5! n=oY! &$4;$4'4=C! >8$;5S9C! @94='8C!S$5&989;;Y!;5358'(!=$! 5!54!57$#C!J)=!@94='8C!4$=!'8S9$8'(!

/";!=A939C!/)5+!?$)4BC!(3/!$=A9(C!(/"8/(+"!I'5=54B! !

!!!C!! n=;oY! &$4;$4'4=C! '77(5&'=9C! @94='8C!

S$5&989;;Y!85N9!58!54!&58!(8! B$'=! 63'89:C! 3(! 4$$;9C!#*!/!N4579C!;(+!!H)9;@'?! !

!!1C!

"G!'88!>$;5=5$4;!9Z&9>=!

*!

n)oY! S$I98C! J'&NC! &8$;9C! ($)4@9@Y!85N9!

*50"! IA9(9C! ,*5"/! ;$)4@C!3*5$!8$4B!

*G! >(9d! '4@! >$;=dS$&'85&C!4$4d;?88'J5&!

n)oY! ;935S$I98C! J'&NC! &8$;9C!

($)4@9@Y!85N9!I!54!I$%5!&*!9BB;C!0&*!=I$!67G:!

!

!

!!!HC!W! nSoY! &$4;$4'4=C! 7(5&'=5S9C! 8'J5$d

@94='8C!S$5&9@Y!85N9!W!54!W"&G7!9(,! S9;;98C! 9(;! &);=$3;C!(9(+! B(99@?C! (#9(+!*!'K)'(5)3!

!!!

nC!Y! nN;oY!B($)>!$7!=I$!&$4;$4'4=;[!h`8!!

n! B oY! B($)>! $7! =I$! &$4;$4'4=;[!

;`i!

8!@! J'88! >94C! /(@!! ='Z5C!"@#"8!"!9Z&9>=5$4!"@(;"5! 9Z'3C! "@";83*!9Z'3>89!

!!!

!!oC!i! n! oY! &$4;$4'4=C! 7(5&'=5S9C! @94='8C!

S$5&9@Y!85N9!i!54!i7)"!

1(+!@59C!1"+&!b9($C!1)5!7'5(?C!$(1!B';C!>(+1!;=$(N!

!!!

g4! 7$(95B4! I$(@;C! 9;>9&5'88?! >($>9(! 4$)4;C! 89==9(;! 85N9! cC! NY! bC! IY! pC! LY! qC! rY! sC! tY! 9=&G! '(9! );9@C! 9GBG! A*!5B(,%!5$/&5C!CD33"+C!EF%;C!G&$(C!H"I-J&+?C!9=&G!P;!'!()89C!7$(95B4!I$(@!'(9!>($4$)4&9@!54!2$3'45'4!';!&8$;9>$;;5J89!=$!=A9!7$(95B4!8'4B)'B9!=A9?!&$39!7($3G!

3+9+''?"57%5&$:'4&FF&G9&575&!S$I98;C!n! o!'4@!n?o!54!2$3'45'4!=A'=!@$!4$=!A'S9!'4!9K)5S'894=!54!


17/194

HA9!S$I98!n! oC!I(5==94!';! C!5;!;5358'(!=$!=A9!754'8!S$I98!54!]7'=A9(]!$(!]3$=A9(]C!J)=!;85BA=8?!@5779(94=[! ;+!'>>8

#(,! A$);9C! +*!J'@G! HA9! ;$)4@! n! o! '4@! =A9! 89==9(! ! ;98@$3! $&&)(! 54! '! I$(@d545=5'8! >$;5=5$4G! HA9! 3$;=! &$339Z'3>89;!'(9!=A9!&$88$K)5'8!7$(3;!$7!;$39!@93$4;=('=5S9!>($4$)4;[!,/('=A5;C'/!('=A9;9C'3('=A$;9C'!(!=A$;9G!

!HA9!S$I98!n?oC!I(5==94!';!)!$(! =C! @$9;! 4$=! A'S9! '4! 9K)5S'894=!54!8'549@! ';!';!'! J8

J9=I994!n5o!'4@! n)oG!g=! 5;! '!&8$;9!&94=('8!S$I98C!3$(9!&8$;9!'4@!A5BA9(! =A'4!n! o[! =5#! ?9=C! =5$"+! '4B98C! =5/);83A'>>9454BC! =;8+"*5! =$B9=A9(C! ;)5! A'4@C! 3)5! I$$8C! ;)!5"! =$3$(($IC! #)!5"! @$BC!8)!5"!J(9'@C! 3;)!"! 893$4C! /;54&94;9C!#3#)!"!A998;C!(-%&/+=!=$!@9&5@9C!(-#&>&+=!=$!@9;&94@G!

3+9+3+9+''2"%8"%$%58'J)KM'J5K'$%4'J4K'

HA9!&$4;$4'4=!n(o!5;!($889@!'4@!54&8)@9;!'!;85BA=!S5J('=5$4!$7!=A9!=5>!$7!=A9!=$4B)9G!g=!5;!>($4$)4&9@!54!'88!>$;5=5$4+(;!7('39C!(+;!I9'>$4C!(+(;!&$>>9(C!(;(+!J5==9(C!(;+#!*5",J5==9(49;;G!

HA9!&$4;$4'4=;!n=o!'4@!n@o!'(9!@94='8!&$4;$4'4=;!6=A95(!9K)5S'894=;!54!"+!!7(99!63G!>8G:C!';!I988!';!J9=I994!";=!'4@!*4@!>9(;$4!$7!=A9!54@5&'=5S9!$(!;)J%)4&=5S9!>(9;94S9(J;[!"*-=5/+">!g!';N!T!/*-=5/+">!!?$)!';NC!"*-3*#+"1!g!I$(N!T!/*-3*#+"1!!?$)!I$(NG!g=!'8;$!$&&)(;!54!=A9!S9(J'8!')Z5885'((!C!9"!C!&!C!'=!=A9!94@!$7!;$39!>($4$354'8!7$(3;!6=;!C!=!C!=!:C!'4@!'=!=A9!94@!$7!;$39!$=A9(!I$(@;G!

HA9(9!'(9!4$)4;!54!2$3'45'4!=A'=!A'S9!=I$!89==9(;! !!54!=A9!I$(@d754'8!>$;5=5$4G!HA9;9!'(9!(9'@!';!n5 5oG!>9'(C!'4@!'(9!(9'@!';!n55oG!HA9!=I$d!!&$3J54'=5$4!&'4!A'>>94!IA94!=A9!>8)('8!94@54B! !!&$39;!'7=9;=93!94@54B!54! 7!! 6IA94!5=!(9>8'&9;!'4$=A9(!S$I98C!';! 54!


18/194

%$549@! J?! =A9! @97545=9! '(=5&89! +!!393J9(;!T!;";>+!!!=A9!393J9(;:G!HA9!B($)>!$7!=A(99! &!&'4!J9!7$)4@!54!=A9!>8)('8!$7!'!79I!4$)4;!'4@!'@%9&=5SIA94!=A9?!'(9!);9@!I5=A!=A9!@97545=9!'(=5&89!7![!#&8!3!&A58@!T!#&8!!!&A58@(94!T!#&8!!!! =A9!&A58@(94C!D)"D)&

g45=5'8!"!54!I$(@;!=A'=!&$39!7($3!l'=54!6;$39!>9(;$4'8!>($4$)4;!'4@!;$39!7$(3;!$7!=A9!S9(J!(-($4$)4&9@!n9o[!"3"#/+!#!/(/"!989&=(5&5=?C!";&!"!93$=5$4C!"3"9!;=)@94=C!"@/+(/"+",/+*!'8594G!

3+9+9+P+''.67'#"M'#!M'$"M'$!M'#%"M'#%!M'$%"M'$%!';)";!$%"!'4@!(9>(9;94=!=A9!;$)4@!nBpo!85N9!54!E=$B9=A9(EC!EB99NEC!9=&G[!#%"5(+!J$(@9(C!8(#%"/!>'&NC!#%!5!=$(=)(9C!+"#%!5!;A'(NC!(-%!!=$!'%!!9?9C!$%"/"!J$$=;C!=5$%"(/!5&9!&(9'3C!$%!5!&5!J'@!8)&NC!8)+$%!"!89S9(G!

3+9+9+Q+''0&D656"%;8'$%4'5)&D656"%;8''

HA9!B($)>;!$7!=I$!$(!=A(99!S$I98;!7$(354B!@5>A=A$4B;!'4@!=(5>A=$4B;!'(9!4)39($);!54!2$3'45'4G!HA9(9!'(9!7'88@5>A=A$4B;!654!IA5&A!=A9!;=(9;;!5;!$4!=A9!75(;=!S$I98:!'4@!(5;54B!@5>A=A$4B;!6=A9!;=(9;;!5;!$4!=A9!;9&$4@!S$I98:G!

i'8854B!@5>A=A$4B;!6S$I98!h!;935S$I98:[! $

n5)o!(*+!*!B$8@94Y!"!+&*!$775&9Y!$&!n'5o!/+(;9(!!=('3Y!&!n 5!o!+!!J'@!63GC!>8G:Y!j&!n?5o!;)!5"!=$3$(($IY!7&!n95o85$4;Y!"&!n$5o!$*5&!!=(';AY!A=A$4B;!6;935S$I98!h!S$I98!h!;935S$I98:[! 7$&!n9'5o!9"0"(!!?$)!I9(9!;9954B!6;54BG:Y!7$

o! /!(!! ?$)! I9(9! &)==54B! 6;54BG:Y! &$

')

o! /!(*! =A9?! I9(9! &)==54BY! &7&! n5

95

o! ;!"!! 8'3J;Y! "$&! n$

'5

o!94&58;G!

3+9+9+R+''H"I7:8'&%'6&$58G:C!J)=!,/+!5,;=('4B9(Y!7$]!+"('J'@!67GC!;54BG:C!J)=!+"(3!(9'8Y*!/(+"'$J85S5$4C!J)=!+*!5!()54C!&"$],#+"!&(5",>94&58;C!J)=,(9!&(5",>8'49;G!


19/194

3+9+9+S+''C5)788'

HA9!;=(9;;!&'4!7'88!$4!'4?!;?88'J89!$7!=A9!I$(@[!!!#(79;A'(>949(B!!!!!!3!78!7/&7+!73"!=A9!899&A9;B!!!!!!89!>9(79&=:!A9!%);=!&'39!54G!

3+9+9+T+''>&$&8"%'

V5'=);! J9=I994! =A9! 754'8! S$I98!$7!'! I$(@! '4@!=A9! 545=5'8! S$I98! $7!=A9! 7$88$I54B! I$(@! 5;!S9(?! ('(9G! HI$! =?>9;85'5;$4!6;?4'9(9;5;!'4@!985;5$4:!'(9!=A9(97$(9!9Z=(9398?!7(9K)94=[!

"G!! U?4'9(9;5;! $&&)(;! IA94! $49! $7! =A9! =I$! S$I98;! 5;! >($4$)4&9@! ';! '! ;935dS$I98[!E!5"(!- 9"5!/K' \98&$L!5"(-,*5(/M! \A$!&'889@rG!P8=A$)BA!4$=!&$3>)8;$(?C!'!A?>A94!$7=94!54@5&'=9;!;?4'9(9;5;C!3'548?!54!85=9(=9Z=;!;53)8'=54B!&=)'8!;>99&AG!

*G! $;;5J89G!g4!;$39!;5=)'=5=A9!985;5$4!5;!(9K)5(9@C!';!54!=A9!&';9!$7!;$39!&$3J54'=5$4;!J9=I994!)4;=(9;;9@!>9(;$4'8!>($4$)4;!$(!(9789Z5

>($4$)4;!'4@!S9(J'8!7$(3;[!>9(;$4'8!$(!(9789Z5S9!>($4$)4!;!h!=A9!')Z585'(?!7$(3;!(C!(;C!(!C!(*C'(C'(!M(;!I588!'8I'?;!A'S9!=A9!985;5$4[!;7(-91*/!A9C!;A9!;'I!39C!;7(-&0!%5!,g!I$)8@!85N9!=$!(9;=C!9=&G!g4!3$;=!&';9;985;5$4!5;!$>=5$4'8C!J)=!S9(?!7(9K)94=C!9GBG!=A9!985;5$4!$7!=A9!S$I98!=!54!=A9!>(9>$;5=5$4! =5[! L!5"-(/"(8/#*+/"M!54;=9'@!$7!L!5"-(/"(8/-=5-#*+/"M!\A$!5;!I'5=54B!54!=A9!?'(@rY!$(!=A9!985;5$4!$7!=A9!S$I98!*!54!=A9!49B'=5*[!H7(;-/!;8N'54;=9'@!$7!H*-(;-/!;8N!g!@$4E=!A'S9!=539G!g4!&';9!$7!985;5$4C!A?>A94'=5$4!5;!(9K)5(9@G!


20/194

9+''U/!?@/?@/-BU,2C'''

9+3+'',%F:7G5&"%'

2$3'45'4! 5;! '4! 54789&=9@! 8'4B)'B9[! &9(='54! &'=9B$(59;! $7! I$(@;! 64$)4;C! '(=5&89;C! '@%9&=5S9;C! >($4$)4;C! 4)39(S9(J;:!'(9!S'(59@!6$(!54789&=9@:!54!7$(3!54!$(@9(!=$!9Z>(9;;!B('33'=5&'8!(98'=5$4;G!P>>8?54B!54789&=5$4!49S9(!>($@)&'!49I!I$(@C!J)=!$48?!'!@5779(94=!7$(3!$7!=A9!;'39!I$(@!65G9G'!I$(@!7$(3!I5=A!=A9!;'39!89Z5&'8!39'454B:G!HA9(9!@9&854'J89C!&$4%)B'=9@!'4@!54S'(5'J89!I$(@;!54!2$3'45'4G!

9+3+3+''07G:7%8&"%'"F'%"#&%$:8'

HA9!4$)4!'4@!$=A9(!4$354'8!>'(=;!$7!;>99&A!6'(=5&89C!'@%9&=5S9C!>($4$)4C!'4@!4)39('8:!'(9 '@9&854'J89!54!2$3'4HA9!4$354'8;!'(9!@9&8549@!'&&$(@54B!=$!=A9!&';9;G!HA9!&';9!$7!'!I$(@!(9S9'8;!=A9!(98'=5$4;A5>!J9=I994!'!I$(@!'4$=A9(!989394=;!54!=A9!;94=94&9C!';!I988!';!5=;!7)4&=5$4!54!=A'=!;94=94&9[!;)J%9&=C!@5(9&=!$J%9&=C!54@5(9&=!$J%9&=C!=A9!$J%$7!'!>(9>$;5=5$4G!HA9!B('33'=5&'8!39'454B!$7!'!I$(@!5;!(9789&=9@!J?!'!&A'4B9!54!5=;!&';9G!9@G!!

HA9(9!'(9!75S9!&';9;!54!2$3'45'4[!4$354'=5S9C!B945=5S9C!@'=5S9C!'&&);'=5S9C!'4@!S$&'=5S9G!g4!7$(3!=A9!4$354'=5S9!=A9! '&&);'=5S9! '(9! 5@94=5&'8C! '4@! ;$! '(9! =A9! B945=5S9! '4@! =A9! @'=5S9G! i)4&=5$4'88?C! =A9?! @5779([! =A9! 4$354'=5S9>(53'(58?!);9@!=$!9Z>(9;;!=A9!;)J%9&=C!IA589!=A9!'&&);'=5S9!5;!=A9!&';9!$7!=A9!@5(9&=!$J%9&=G!HA9!@'=5S9!5;!=A9!&';9!$7!=54@5(9&=! $J%9&=C! IA589! =A9! B945=5S9! 5;! 3'548?! =A9! &';9! $7! >$;;9;;5$4G! HA9! S$&'=5S9! 5;! =A9! &';9! $7! @5(9&=! '@@(!(/*3N!g!&'4!;99!=A9!J$?G!B945=5S9[!L(+/"(->!(/*3*!-",/"-(!#!N!HA9!J$?E;!J$$N!5;!A9(9G!@'=5S9[!R!-0(*-#(+/"(->!(/*3*!K!g!B5S9!=A9!J$$N!=$!=A9!J$?q!S$&'=5S9[!S-E!"/":-9!5&-=5#&(#"K!s!O$?C!&$39!A9(9q!

P! @5;=54&=5S9! 79'=)(9! $7! 2$3'45'4! 5;! =A'=! 5=! 5;! =A9! >($&85=5&! 654@97545=9:! $(!94&85=5&! 6@97545=9:! '(=5&89! IA5&A! '&=)&A'4B9;!=A($)BA$)=!=A9!@9&894;5$4G!HA9!94@54B!7$(!=A9!B945=5S9d@'=5S9!79354549!5;!=A9!$48?!94@54B!=A'=!5;!'=='&A9@=A9!4$)4!5=;987G!

9+3+9+''2"%V9(;$4'8!3$$@;!T! 54@5&'=5S9C!53>9('=5S9C!;)J%)4&=5S9C!$>='=5S9d&$4@5=5$4'8!'4@!>(9;)3>=5S9Y!4$4d>9(;$3$$@;!T!547545=5S9C!>'(=5&5>89C!B9()4@!'4@!;)>549!

d! =94;9[!>(9;94=C!&$3>$)4@!>9(79&=C!;53>89!>9(79&=C!53>9(79&=C!>8)>9(79&=C!7)=)(9!6=A(99!9K)5S'894=!7$(3;!$7!7)=)7)=)(9!>9(79&=!'4@!7)=)(9!54!=A9!>';=!54!=A9!54@5&'=5S9!3$$@Y!>(9;94=!'4@!>';=!54!=A9!;)J%)4&=5S9Y!>(9;94=!'4@!>';==A9! $>='=5S9d&$4@5=5$4'8Y! >(9;94=! '4@! >';=! 54! =A9! >(9;)3>=5S9Y! >(9;94=! '4@! >';=! 54! =A9! 547545=5S9Y! >';=! 54!

>'(=5&5>89!


21/194

d! >9(;$4[!";=

C!*4@

!'4@!+(@

!54!=A9!>9(;$4'8!3$$@;C!'4@!=A9!>$;;5J585=?!$7!&$3J5454B!=A9!547545=5S9!'4@!=A9!B9()4@!I5=(9789Z5S9!>($4$)4;!54!@5779(94=!>9(;$4;!

d! 4)3J9([!;54B)8'(!'4@!>8)('8!d! B94@9([!3';&)8549C!79354549!'4@!49)=9(!7$(!=A9!>';=!>'(=5&5>89!54!=A9!>';;5S9C!';!I988!';!7$(!=A9!B9()4@!6IA94!)

';!;)>>89394='8!>(9@5&'=5S9!989394=!$(!'==(5J)=9:!d! S$5&9[!'&=5S9C!>';;5S9!'4@!(9789Z5S9G!

O98$I!5;!=A9!&$3>89=9!>'('@5B3!$7!=A9!S9(J!(-#)5/(!=$!;54BC!=$!>8'?!'4!54;=()394= !54!=A9!";=

!>9(;G!;54BG!7$(!'88!=A9!>9(;$3$$@;!'4@!54!=A9!*

4@!>9(;G!;54BG!54!=A9!53>9('=5S9[!

,-0,2=.,HB'>8)>9(79&=!#)5/(,";!

;53>89!>9(79&=!#)5/(!!

&$3>$)4@!>9(79&=!!

(;-#)5/(/!

53>9(79&=!#)5/(;!

>(9;94=!!#)5/!

7)=)(9!"C!*C!+!!9&!-#)5/(C!&-,-

#)5/C!(;-,-#)5/!

7)=)(9!>9(79&=!!

9&!-

7)=)(9!54!=A9!>';=!!

(9"(;-,-#)5/!C1Ag1-2.,HB'

>';=!!

,-(9;94=!!

,-#)5/!!

/?.=.,HB[2/-0,.,/-=>'>';=!!

(-(9;94=!!(-#)5/(!

!

?!BC1U?.,HB'>';=!!

&!-(9;94=!!

&!-#)5/(:-&!-

,U?B!=.,HB'!#)5/-K!

,-\,-,.,HB!>';=!!

(-(9;94=!!

(-#)5/(!!

?=!.,2,?>B'>';=!!

#)5/(/!! !

(B!1-0!!#)5/)50'C1?,-B!!0"-#)5/(/'

HA9(9!'(9!75S9!>9(;$4'8!3$$@;[!54@5&'=5S9C!53>9('=5S9C!;)J%)4&=5S9C!$>='=5S9d&$4@5=5$4'8C!'4@!>(9;)3>=5S9G!HA9(9!7$)(!4$4d>9(;$4'8!3$$@;[!547545=5S9C!>'(=5&5>89C!B9()4@C!;)>549G!R$;=!$7!=A9;9!3$$@;!A'S9!=I$!=94;9;!6>(9;94=!'4>';=:C!;$39!A'S9!$48?!$49!=94;9C!'4@!$49!$7!=A93C!=A9!54@5&'=5S9C!A';!95BA=!=94;9;!6$49!>(9;94=!=94;9C!7$)(!>';=!=94'4@!=A(99!7)=)(9!=94;9;:G!

HA9!=94;9;!54!2$3'45'4!'(9!$7!=I$!J';5&!N54@;G!HA9(9!'(9!;53>89!=94;9;!=A'=!&$4;5;=!$7!$49!I$(@!T!=A9!3'54!S9(J!;=9>8);!@5779(94=!;)775Z9;!'4@!94@54B;G!HA9;9!54&8)@9!>(9;94=!54@5&'=5S9C!53>9(79&=!54@5&'=5S9C!;53>89!>9(79&=!54@5&'='4@!>8)>9(79&=!54@5&'=5S9G!HA9(9!'(9!'8;$!&$3>$)4@!=94;9;!6&$4;5;=54B!$7!@5779(94=!&$3J54'=5$4;!$7!')Z585'(?!989394

'4@!=A9!547545=5S9!$(!=A9!>';=!>'(=5&5>89!$7!=A9!3'54!S9(J:!T!&$3>$)4@!>9(79&=!54@5&'=5S9C!=A9!7)=)(9;!$7!=A9!54@5&'=>';=!;)J%)4&=5S9C!>(9;94=!'4@!>';=!$>='=5S9d&$4@5=5$4'8C!>(9;94=!'4@!>';=!>(9;)3>=5S9C!>';=!547545=5S9G!

9+3+O+'',%W$)&$E:7'D$)58'"F'8D77G6'

P@S9(J;C!>(9>$;5=5$4;C!&$4%)4&=5$4;!'4@!54=9(%9&=5$4;!'(9!54S'(5'J89!>'(=;!$7!;>99&A!T!=A9?!49S9(!&A'4B9!=A95(!7$(3G


22/194

9+9+''2"##"%'#")D6"D6"%7#&G'$:57)%$5&"%8!

R$(>A$>A$4935&!'8=9(4'=5$4;!I5=A54!@5779(94=!7$(3;!$7!$49!I$(@!$(!'!B($)>!$7!(98'=9@!I$(@;!6I$(@;!=A'=!A'S9!=;'39!;=93:! '(9! $49! $7!=A9!3$;=!4$=5&9'J89!79'=)(9;! $7!=A9!2$3'45'4! 8'4B)'B9G!HA9?!'(9!J($)BA=!'J$)=! J?! =A9!4>A$49=5&!&$4=9Z=!&(9'=9@!IA94!=A9!54789&=5$4'8!$(!@9(5S'=5S9!989394=;!'(9!'@@9@!=$!=A9!;=93G!#A'4B9;!54!=A9!8$&'=5$4=A9!;=(9;;9@!;?88'J89!'8;$!&'4!J(54B!'J$)=!3$(>A$>A$4935&!'8=9(4'=5$4;G!HA9;9!3)='=5$4;!'(9!K)5=9!&$33$4!54!=4$354'8! @9&894;5$4! '4@! 54! &$4%)B'=5$4G! HA9?! '8;$! 7)4&=5$4! ';! '! (9@)4@'4=! 39'4;! $7! 3'(N54B! 3$(>A$8$B

&'=9B$(59;G!HA9(9!'(9!S$I98!'4@!&$4;$4'4=!3)='=5$4;!54!2$3'45'4G!

9+9+3+''H"I7:'#,J854@!63GC!;BG:,D,&(+>,J854@!67GC!;BG:C!&+>!,J854@!63GC!>8G:,D,&(+>",J854@!67GC!>8G:!

S9(J;! 54@5&'=5S9! >(9;94=[! (-;*+!, =$! @59[! "*-;&+, D, "3-;&(+"C! (-#&>&+=, =$! @9;&94@[! "*-#&>&+, D, "3-#&>&(+!

;)J%)4&=5S9!>(9;94=[!(-;*+!,=$!@59[!"*-,-;&+,D,"3-,-;&(+C!(-#&>&+=,=$!@9;&94@[!"*-,-#&>&+!T!"3-,-#&>&(+"!@9(5S'=5$4! ;&+/,@9'@,D,;&(+/",@9'=A,$=A9(! >$;;9;;5S9!>($4Gc'@%G[!(3-5&,/+*,D,(-5&(,/+,D,(!-5&/+!,D,(3"-5&(,/+"!$)(6;:!

9+9+3+9+''"'"('#


23/194

4$)4;! ;54BGc>8G[! #(8/, 9Z=(935=?, D, #(8"/"C! ,);>/,U'=)(@'?, D, ,);>"/"C! 5*;+, 4)3J9(, D,5*;"+"C!;+,'>>89,D,;"+"C!;+,'>>89!=(99,D,;"+!!

'@%9&=5S9;! ;54BGc>8G[!8+&(,8/,7(9;A,63GC!;BG:,D,8+&(,8"!,7(9;A,63GC!>8G:C!8+&(,8/,7(9;A!67GC!;BG:,D,8+&(,8"/",7(9;A!67GC!>8G:!

S9(J;! 54@5&'=5S9! >(9;94=[!(-5*;+(, =$!&$)4=[!"*-5*;+,D, /*-5*;"+!C!(-9"0"(, =$!;99[!"*-90,D,/*-9"1!!;)J%)4&=5S9!>(9;94=[!(-5*;+(,=$!&$)4=[!"*-,-5*;+!T! /*-,-5*;"+!C!(-9"0"(,=$!;99[!"*-,-

90!T!/*-,-9"1!!

9+9+3+P+''('"'#*+!C!>!(/,J$?,D,>!"!!

'@%9&=5S9;! ;54BGc>8G[! >"3$!(5, O98B5'4, 63GC! ;BG:, D, >"3$!"5!, O98B5'4, 63GC! >8G:C! #(5(0!(5, #'4'@5'4! 63GC! ;BG:, D,#(5(0!"5!,#'4'@5'4!63GC!>8G:!!

S9(J;! 54@5&'=5S9!>(9;94=[!(-3*(,=$!='N9[!"*-!(*!T!/*-!"!!;)J%)4&=5S9!>(9;94=[!(-3*(,=$!='N9[!"*-,-!(*!T!/*-,-!"!!

9+9+3+Q+''(''#9(,D, 3*#++!C! =5/);83(+",9S94=,D, =5/);83+!C![$57'a'[&[!#"/(/", 7$(=(9;;,D,#"/!C![&5$57'a'[&5&[!"5/!/(/",94=5=?,D,"5/!/!!

9+9+3+R+''"('"'#8G[!9!#3"(5,;8?!63GC!;BG:,D,9!#3"5!,;8?!63GC!>8G:C!9!/"(1,J('S9,63GC!;BG:!D,9!/"2!,J('S9!63GC!>8G:!S9(J;! 54@5&'=5S9!>(9;94=[!(->"(,=$!@(54N[!"*->"(*!T!/*->"!C!(-9+"(,=$!I'4=[!"*-9+"(*!T!/*-9+"!!

;)J%)4&=5S9!>(9;94=[!(->"(,=$!@(54N[!"*-,->"(*!T! /*-,->"!C!(-9+"(,=$!I'4=[!"*-,-9+"(*!T! /*-

,-9+"!,

9+9+3+S+''&('&'#8G[! >&(3, @5;9';9, D, >&3!C!8G:!


24/194

S9(J;! 54@5&'=5S9!>(9;94=[!(-,"-,#*3(,=$!B9=!)>[!"3-,"-,#&(3!T!/*-/"-,#&3!,;)J%)4&=5S9!>(9;94=[!(-,"-,#*3(,=$!B9=!)>[!"3-,-,"-,#&(3"!T!/*-,-/"-,#&3!!

9+9+3+T+''!"'!('#$$(!63GC!;BG:,D,>!(/,>$$(!67GC!;BG:C!

$'^;=(9;;9@:!3)='=9;!=$!'^)4;=(9;;9@:'

S9(J;! 54@5&'=5S9!>(9;94=[!(-#*/(,=$!8$$N!7$([!"*-#(*/!T!5&!-#*/;C!(-/#"(,=$!J9!;5894=[!"*-/(#!T!9&!-/#"!!;)J%)4&=5S9!>(9;94=[!(-#*/(,=$!8$$N!7$([!"*-,-#(*/!T!9&!-,-#*/(!C!(-/#"(,=$!J9!;5894=[!"*-,-/(#!T!9&!-,-/#"!!53>9('=5S9[!(-#*/(,=$!8$$N!7$([!#(*/K!T!#*/(!KC!(-/#"(,=$!;A)=!)>[!/(#!K!T!/#"!K!!

@9(5S'=5$4! (+,&$)4=(?,D,+(5,>9';'4=,,

9+9+3+33+''*'&'#(9;94=[! (-2*#(, =$!>8'?!'!B'39[! "*-2! T! 5&!-2*#;C! (-+*$(, =$!';N[! "*-+&$! T! 5&!-+*$;!;)J%)4&=5S9!>(9;94=[!(-2*#(,=$!>8'?!'!B'39[!"*-,-2!T!5&!-,-2*#;C!(-+*$(,=$!';N[!"*-,-+&$!

T!5&!-,-+*$;!

9+9+9+''2"%8"%$%5'#


25/194

9+9+9+3+''#'#"'")'#!'#5#!C!5";&(!#,_9(3'4!I$3'4,D,5";&(!#"!

'@%9&=5S9;! ;54BGc>8G[! ;!#TU, ;3'88! 6;BG:, D,;!#!, ;3'88! 6>8G:C! ,3>(/!#,I58@! 63GC! ;BG:, D, ,3>(/!#!,I58@! 63GC! >8G:C!,3>(/!#,I58@!67GC!;BG:,D,,3>(/!#",I58@!67GC!>8G:!

S9(J;! 54@5&'=5S9!>(9;94=[!(-)88[!"*-/+($!T!/*-/+($!!T!"3-/+($"!T!5&!-/+($";!T!9&!-/+($"!!T!"!-/+($C!(-(2*5$",=$!'((5S9[!"*-(2*5$!T! /*-(2*5$!!T!"3-(2*5$"!T!5&!-(2*5$";!T!9&!-(2*5$"!!T!"!-(2*5$!;)J%)4&=5S9!>(9;94=[!(-/+($",=$!>)88[!"*-,-/+($!T! /*-,-/+($!!T! "3-,-/+($!T!5&!-,-/+($";!T!9&!-,-/+($"!!T!"!-,-/+($!

@9(5S'=5$4! 3*5$,8$4B,D,3*5$!;",894B=A,

9+9+9+O+'','-.-!'#


26/194

9+9+9+Q+'',/+'/+-.-!'#5*!",#!T!/*->5*!"/!!T!"3->5*!"/"!;)J%)4&=5S9!>(9;94=[!(-#*5&(/",=$!N4$I[!"*-,-#*5&,#!T!/*-,-#*5&/!!T!5&!-,-#*5&(/";C!(-

8+!9!,=$!I'=&A[!"*-,-8+!9",#!T!/*-,-8+!9"/!!@9(5S'=5$4! #*5&,#*/,I988dN4$I4, D, #*5&(/"+", N4$I89@B9C! +&;)5",#, 2$3'45'4, D, +&;)5"/"! 54! 2$3'45'4!

6'@SG:!

9+9+9+S+'#'/-.-"'")'!'#(/"!=$!J9'=[!"*->(/!T!/*->(!!

;)J%)4&=5S9!>(9;94=[!(-#)5/(,=$!;54B[!"*-,-#)5/!T!/*-,-#)5!C!(->(/",=$!J9'=[!"*-,->(/!T!/*-,->(!!

@9(5S'=5$4! >+>(/, 3'4, D, >+>!", 3'4A$$@C! (/"5/, '==94=5S9, D, (/"5!", '==94=5$4C!


27/194

9+9+9+X+''0'1-.-!')'")''#8G:C!>3)50,N54@!63GC!;BG:,D,>3)51!,N54@,63GC!>8G:!S9(J;! 54@5&'=5S9!>(9;94=[!(-#0"(,=$!7'88[!"*-#(0!T!/*-#(1!C!(-=5#%!0",=$!&8$;9[!"*-=5#%!0!T!/*-=5#%!1!!

;)J%)4&=5S9!>(9;94=[!(-#0"(,=$!7'88[!"*-,-#(0,D,/*-,-#(1!C!(-0",#%!0"!=$!$>94[!"*-,-0",#%!0,

D,/*-,-0",#%!1!!54!=A9!B9()4@[!(-0",#%!0",=$!$>94,D,0",#%!1)50,$>9454BC!(-#0"(,=$!7'88,D,#1)50,7'8854B!!

@9(5S'=5$4! (-0",#%!0",=$!$>94,D,0",#%!1/*+,$>9454B!64$)4:!

9+9+9+3*+''1'2-.-!'#(54&9,D,#5"2!!'@%9&=5S9;! ;54BGc>8G[!9!/"(1,J('S9,63GC!;BG:,D,9!/"2!,J('S9,63GC!>8G:C!/+"(1,'I'N9!63GC!;BG:,D,/+"2!,'I'N9,63GC!>8G:!!@9(5S'=5$4! 9!/"(1,J('S9,D,9!/"2!",J('S949;;,

9+9+9+33+'3'4-.-!'#8G[!;&(3",;$7=!6;BG:,D,;&!!;$7=!6>8G:C!$&3,93>=?!63GC!;BG:,D,$&!!93>=?!63GC!>8G:!

9+9+9+39+''5'4-.-!'#)=[!"*-8*5!T!/*-8*!C!(-+;)5",=$!;='?[!"*-+;)5!T!/*-+;)!C!(-9"5!,=$!&$39[!"*-9!5!T!/*-9!!!;)J%)4&=5S9!>(9;94=[!(-8*5",=$!>)=[!"*-,-8*5!T! /*-,-8*!C!(-+;)5",=$!;='?[!"*-,-+;)5!T!/*-,-+;)!C!(-9"5!,=$!&$39[!"*-,-9!5!T!/*-,-9!!!


28/194

O+''-/U,-=>C'

O+3+''-"(9;9(S9@!=A(99! B94@9(;! 7($3!=A9! l'=54[! 3';&)8549C!79354549C!'49)=9(G!U$39!$7!=A9!2$3'45'4!49)=9(!4$)4;!'(9!54A9(5=9@!7($3!l'=54[!#(8,D,#(8"/"!A9'@!t!8'=G!9'4*6Y!&*,D,&*!9B8'=G!"0*/C!9=&G!L)39($);!89Z5&'8!J$(($I54B;!7($3!@5779(94=!8'4B)'B9;!A'S9!94(5&A9@!=A9!B($)>!$7!49)=9(!4$)4;[!,)=9(! 694B8G:C!

d! '88!4'=5S9!4$)4;!94@54B!54!'!G"%8"%$%5!$(!7*!'(9!3';&)8549!$(!49)=9(Y!A$I9S9(C!;$39!J$(($I9@!>($>9(!4'39@5354)=5S9;!54!'!G"%8"%$%5!$(!7*!'(9!79354549[!L(+;"5C!V+!5"3:!W*3*!

d! 3$;=!4$)4;!94@54B!54!7"!'(9!79354549!6;>9&575&!;)775Z9;C!;)&A!';! 7/&(+"C! 7&(+"C! 7(+"C! 7"+"C! 7!+"C!9=&G!'8;$!A98>@5;=54B)5;A!=A9!79354549!7($3!=A9!3';&)8549:C!J)=!'!;3'88!4)3J9(!'(9!3';&)8549!'4@!'!79I!'(9!49)=9(!

d! '88!4$)4;!94@54B!54!7C!7(!6;=(9;;9@:C! 7"('7!(!6;=(9;;9@:!'(9!79354549Y!A$I9S9(C!=A9(9!'(9!;$39!4$)4;!@9;5B4'=3'89!>9(;$4;!=A'=!'(9!3';&)8549!'8=A$)BA!=A95(!94@54B!5;!7]!/(/!7'=A9(C!8&8!>(59;=C!X(8!M$>9!

d! 4$)4;!94@54B!54!7!!&'4!J9!3';&)8549C!49)=9(!$(!79354549!d! '88!79354549!4$)4;!94@!54!'!S$I98!67C!7(C!7"C!7!:!d! =A9(9!'(9!;$39!J$(($I9@!4$)4;!54!2$3'45'4!I5=A!4$4d=?>5&'8!94@54B;C!;)&A!';!["[!+(0!&!('@5$C!


29/194

3';&)8549! 49)=9(! 79354549!

G"%8"%$%5' ['

>+>(/- 3'4C! #&8!3- &A58@C! #&8(#- =(99C!8(5/&'49;9!

%&/"3!A$=98C!3-!>8'&9C!!5,/!/*/!54;=5=)=9C!,#(*5!&A'5(![&8#[!#(8!/(3!,;-!&'>5='85;3C!/"+&+!,;!=9(($(5;3![#7%5a[#j%5[!8(+3(;"5/-!>'(85'394=C!

+"#"5,;)5/!&94;);!d9';'4=!I$3'4C!(;"+!#(5#!P39(5&'4!I$3'4C! ,8;)5/"(5#- 9'(=AI$3'4C!+&;)5#!2$3'45'4!I$3'4![j%[! 8$)5- >'B'4C! >/+)5! $8@!8'@?!![7i[! 2(8&5"1! a'>'49;9C!

3*#+*! =A54BC, /"(/+*! =A9'=(9C! /(>3&*!>'54=54BC,>!+&*!$775&9C!!949(!!["$)7]'&5&(+"'A$4$(C!'54M'83#"+"'>89';)(9![&)7[!8+!9!+"! 8$$NC! ;)%5!+"! ;'@49;;C!


30/194

!O+3+3+3+9+''>7Y&G$:'#7$%&%;''

!HA9!7$88$I54B!4$)4;!'(9!#$8G9(;$4;!d! '88!4$)4;!54@5&'=54B!=A9!>($79;;5$4!$7!3'89!>9(;$4;!

d! 4'39;!$7!=(99;[!83&8,>$>8'(!=(99C!#(,/(5!&A9;=4)=!=(99C!,/"2(+-$'NC!8(3;!"+!>'83!=(99C!;+!'>>89!=(99C!9=&GY!A$I9S9(C!;4'39;!$7!=(99;!85N9!,(3#!"!I588$IC!;($5&3!"!3'B4$85'!'4@!;$39!$=A9(;!'(9!79354549!d! 4'39;!$7!3$)4='54!&A'54;!6>8)('8!$48?:[!L(+8(!!#'(>'=A5'4;C!E(3#(5!!O'8N'4;C!O38!!P8>;C!9=&G!d! =A9!3$4=A;!$7!=A9!?9'([!!(5*(+!"!a'4)'(?C!9(;$4;C!7$(39@!J?!@9(5S'=5$4!7($3!'!3';&)8549!4$)4!d! '88!4$)4;!54@5&'=54B!=A9!>($79;;5$4!$7!793'89!>9(;$4;!

d! 3$;=!4'39;!$7!&$)4=(59;[!O3>(5!(!P8J'45'C!E*3$(+!(!O)8B'(5'C!Y39"!(!UI5=b9(8'4@C!Z+(5(!i('4&9C!["+;(5!(!_9(3V&+0(5!(!a$(@'4C!\3(50(!V$88'4@C!X&3&5!(!M$8'4@C!]*,!(!2);;5'C!^*"0!(!UI9@94C!_*+#!(!H)(N9?C!`5$(+!(!V)4B'(?C!V$I9S9(C!57!=A9!4'39!$7!'!&$)4=(?!@$9;!4$=!94@!54! [$M!5=!7)4&=5$4;!';!'!49)=9([!L!8+*!#?>();C!W!>(5!l9J'4$4C!C(R'($&C!C"@!#!R9Z5&$C!Q!"/5(;!f59=4'3C!9=&G!

d! =A9!;9';$4;!$7!=A9!?9'([!8+!;9(+!;>(54BC!9(+!;)339(C!/&(;5-7'88C!!(+5!I54=9(!d! =A9!@'?;!$7!=A9!I99N[!3*5!!R$4@'?C!;(+!!H)9;@'?C!;!"+#*+!!\9@49;@'?C!9=&G!d! 3$;=!4$)4;!@9;5B4'=54B!7()5=;[!8(+!>9'(C!8&+/(3!$('4B9C!>(5(5,J'4'4'C!3;)!"-893$4C!9=&GY!=A9(9!'(9C!A$I9S

4'39;!$7!7()5=;!=A'=!'(9!3';&)8549!$(!49)=9([!(5(5(,!>549'>>89!63G:C!;+!'>>89!64G:C!;(5$&!3'4B$!64G:C!9=&G!!

HA9!7$88$I54B!4$)4;!'(9!%7'(=;!$7!A)3'4!J$@?!=A'=!'(9!3';&)8549[!%!!9?9C!$"5*5#%!!N499C!$(!79354549[!;)A'4@C!$3"15!'4N89!!!

O+3+3+3+O+''.67'Z"%7[5I"Z'5785''

HA5;! 39=A$@! (9K)5(9;! =A9! 'J585=?! =$! 7$(3! =A9! >8)('8! $7! =A9! 4$)4;G! L'=5S9! ;>9'N9(;! $7! 2$3'45'4! $7=94! @$! =A5;@9=9(3549!=A9!B94@9(!$7!'4!54'453'=9!4$)4G!

HA9!4)39('8;!*5-6-&!$49!'4@!0&!-6-0&*!=I$!A'S9!3';&)8549!'4@!79354549!7$(3;!6*5!'4@!0&!!'(9!3';&)8549C!IA5'4@!0&*!'(9!79354549:G!HA9!49)=9(!4$)4;!'&=!';!3';&)8549!54!=A9!;54B)8'(!'4@!';!79354549!54!=A9!>8)('8G!P&&$(@54B!

d! 57!=A9!3';&)8549!4)39('8;!*5-6-0&!!B$!I5=A!=A9!;54B)8'(!'4@!=A9!>8)('8!$7!'!4$)4C!=A9!4$)4!5;!3';&)8549[! *5->+6-0&!->+>(!!3'4C!*5-#&8!3-6-0&!-#&8!!!&A58@C!*5-8(5/&8)('8!$7!'!4$)4C!=A9!4$)4!5;!79354549[!&-,/*0"5/0&*-,/*0"5/"!;=)@94=!67G:C!&-83(5/-6-0&*-83(5/"!>8'4=C!&-8!2(;(-6-0&*-8!2(;(3"!>'%'3';C!&-#(8)('8!='N9;!=A9!79354549!4)39('8!0&*C!4$)4!5;!49)=9([!*5-#(!"/'f'0&*-#(!"/"!4$=9J$$NC!*5-%&/"3'f'0&*-%&/"3*+!!A$=98C!*5-!5,/!/*/-6-0&*-!5,/!/*/"!54;=5=


31/194

*5-,#(*5-6-0&*-,#(*5"!&A'5(C!*5-"/(2-6-0&*-"/(2"!78$$(C!*5-/"(/+*'f'0&*-/"(/+"-=A9'=9(C!*5-5*;"'f'0&*-5*;4'39C!*5-/+(;9(!'f'0&*-/+(;9(!"!=('3C!9=&G!

O+3+9+''-8)('8! $7!4$)4;!5;! 7$(39@! J?!&A'4B54B!=A9! 94@54B! $7!=A9! 4$)4! =A($)BA! '@@5=5$4! $(!;)J;=5=)=5$4G!HA9(9!'(9!3'4?! 4$)4;! =A'=! 7$(3! =A95(! >8)('8! J?! &A'4B54B! =A9! 94@54B! $48?G! O9;5@9;C! 54! 3$;=! 54;='4&9;C! S$I98! $(! &$4;$43)='=5$4;!54!=A9!;=93!'8;$!$&&)(G!HA9;9!3$(>A$>A$4935&!'8=9(4'=5$4;!'(9!$7=94!;53>89!'4@!9';58?!5@94=5759@[!,/*0"5,/*0"5!' ;=)@94=C!8)('8!7$(3;[!&-=59/&(+"-6-0&=59/&(+"! 989394='(?! ;&A$$8! =9'&A9(! 6793G:C! &-;(+!-6-0&*-;(+!! H)9;@'?Y! *5-%!-6-0&!-%!! 9?9C! *5-8*!-6-0&!-8&A5&N94Y!*5-5*;"-6-0&*-5*;"!4'39G!

HA9(9!'(9!'8;$!;$39!5((9B)8'(!>8)('8!7$(3;[! &;-6-&(;"5!! 3'4C!A)3'4! J954BC! ,&+-6-,*+&+!! ;5;=9(C-1!-6-1!3"! @'?C-#(8#(8"/"!A9'@C!9=&G!

O+3+9+3+3+''U$8G8)('8!$7!3';&)8549!4$)4;!5;!7$(39@!';!7$88$I;['

[G"%8+' [G"%8+' '[&' *5-"3"9-6-0&!-"3"9!-;&A$$8!;=)@94=C!*5-,#+!!/&+-6-0&!-,#+!!/&+!!I(5=9(C!*5-8&;-6-0&!- 8&;!! =(99C! *5- 8(5/&"3-6-0&!-8&+*;>"!!>5B9$4C!@$S9!

[;";>+*-6-0&!-;";>+!!393J9(Y-*5-;!5!,/+*-6-0&!-;!5!/+!!3545;=9(![7' [7''[&' *5-!"8*+"-6-0&!-!"8*+!!('JJ5=C!*5-8"/"-6-0&!-8"/!!75;AC!*5-#)!5"-6-0&!-#)!5!!@$BY!*5-(59;=!

=5$4;[!*5-&;-6-0&!-&(;"5!!3'4C!A)3'4!J954BG!


32/194

O+3+9+3+9+''\7#&%&%7]'&-6-0&*'

HA9!>8)('8!$7!79354549!4$)4;!5;!7$(39@!';!7$88$I;[!

[' [''[7' &-,/*0"5/-6-0&*-,/*0"5/"!;=)@94=C!&-"3"9-6-0&*-"3"9"!;&A$$8!;=)@94=C!

&-#(,-6-0&*-#(,"!A$);9Y!&-;(,-6-0&*-;","!='J89C!&-"5$3"1&(!#-6-0&*-"5$3"1&(!#"!35*+!!7)(,,

[7' [7''[&' &-3*;"-6-0&*-3*;!!I$(8@C!&-8)!5"-6-0&*-8)!5!!J(9'@Y,&-#*+/"-6-0&*-#*+!!?'(@C!&-5&(8/"-6-0&*-5&8!,45BA=C!&-#(+/"-6-0&*-#+!C!&-;(+"-6-0&*-;+!!;9'Y!&-!0""-6-0&*-!0"!!5@9'Y!&-#(3"-6-0&*-#!!I'?C!&-9(3"-6-0&*-9!!S'889?C!&-8!"3"-6-0&*-8!"!!;N54C!89'=A9(!!! [5"$)7! 654'453'=9C! '453'8;:!' [5")&[! &- (,#*!/&(+"- 6- 0&*- (,#*!/&+!, >94&58!;A'(>949(C! &- ,#+!,&(+"- 6- 0&*- ,#+!,&+!! 89==9(C! &- #!!/&(+"- 6- 0&*- #!!/&+!!

I$$@>9&N9(Y! [5"$)7' 6>9(;$4;:! k! [5"$)7[! &- ,#+!!/&(+"- 6- 0&*- ,#+!!/&(+"! I(5=9(C! &-0(5,(/&(+"-6-0&*-0(5,(/&(+"!@'4&9(![&7! 6'7=9(!S$I98:'

[&7''[&' &-#%"!"-6-0&*-#%"!!N9?Y!&->(!"-6-0&*->!!J'=A($$3C!&-*#/+!!!N5=&A94C!&-8'&9!

[G"%8+'`'[7' *5-!5,/!/*/-6-0&*-!5,/!/*/"!54;=5=)=9C!*5-(8(+/(;"5/-6-0&*-(8(+/(;"5/"!'>'(=394=

C! *5-&+(-6-0&*-&+("!&5=?

Y! *5-#(8(#-6-0&*-#(8(#"!85@

C! *5-8!#!&+-6-0&*-8!#!&(+"!89B![3&*-6-0&*-/(>3&*+!!>'54=54BC! *5-

>!+&*-6-0&*->!+&*+!!$775&9![


33/194

=5$4;[!*5-#(8'f'0&*-#(8"/"'A9'@C!*5-+),-6-0&*-+),"/"!8')BA=9(C!*5-&*-6-0&*-&*!9BBC!*5-,";!5(+-0&*-,";!5(+!!!;9354'(C!*5->*+$%!*-6-0&*->*+$%!"!@(588C!*5-,!#+!*-6-0&*-,!#+!"!&$7754C!*5->!,/*+!*-6-0&>!,/*+!"!;&'8>98G'

O+3+9+9+''?:8)('8!'(9!S9(?!7(9K)94=!

d! =A9!94@54B!7!!5;!=$!J9!>($4$)4&9@!';!7$88$I;[!W"I7:'&!n&o!'7=9(!G"%8"%$%5'`')'a':!6#&0+!!7$((9;=;C';";>+!!393J$(!'7=9(!W"I7:!6/+)5!!$8@!394:!!!

O+3+9+9+9+''.67'7%4&%;'73"'7"3"'''d! =A5;!94@54B!5;!);9@'7$(!79354549!4$)4;!63$;=8?!J$(($I9@!7($3!H)(N5;A:C!94@54B!54!;=(9;;9@!7(!'4@!7"(!d! =A9!S'(5'4=!7"3"!(9>8'&9;!=A9!94@54B!7"(!6#(8'&9!=A9!754'8!S$I98!$7!'!4$)4!54!=A9!;54B)8'(!6 8"+,&(5-6-8"+,&(5"C! /"(/+*-6-/"(3*#+*-6-3*#+*+!:!

d! >A$49=5&!3)='=5$4;!;$39=539;!$&&)(!54!=A9!;=93;!$7!4$)4;!=A'=!='N9!=A9!94@54B;!7"-'4@-6*+!G!


34/194

O+3+O+''2$87'

HA9(9! '(9! 75S9! &';9;! 54! 2$3'45'4[! 4$354'=5S9C! B945=5S9C! @'=5S9C! '&&);'=5S9! '4@! S$&'=5S9G! HA9! 4$)4! 7$(3;! 54!4$354'=5S9!'4@!=A9!'&&);'=5S9!'(9!5@94=5&'8!6I5=A!79I!9Z&9>=5$4;:G!HA9!4$)4!7$(3;!54!=A9!B945=5S9!'4@!54!=A9!@'='(9!'8;$!5@94=5&'8G!HA9!S$&'=5S9!A';!5=;!$I4!7$(3;G!

HA9!4$354'=5S9!&';9!5;!);)'88?!=A9!&';9!$7!=A9!;)J%9&=!54!'!;94=94&9!6&';9!K)9;=5$4;[!#!5"M-#"M:G!!

HA9!'&&);'=5S9!5;!=A9!&';9!$7!=A9!@5(9&=!$J%9&=!$7!=A9!S9(JC!J)=!'8;$!=A9!&';9!$7!&5(&)3;='4=5'8;!$(!'==(5J)=9;!J)58=!IS'(5$);!>(9>$;5=5$4;C!;)&A!';![!=5! 54C!8"! $4C! 3(! '=C!#*! I5=AC! 3)5$! 49'(C!0",8+"! 'J$)=C!8"5/+*! 7$(C!9(;$4! =$! IA$3! =A9! ;>9'N9(! '@@(9;;9;C! '4@! =A9! I$(@;! 54! =A9! S$&'=5S9! @$! 4$=! A'S;?4='&=5&!($89!54!=A9!;94=94&9G!

O+3+O+3+''2$87'F")#8''

g7!4$=!3$@5759@!J?!'4!'@%9&=5S9!$(!>($4$354'8!'@%9&=5S9C!=A9!2$3'45'4!4$)4!54!=A9!B945=5S9!$(!=A9!@'=5S9!I588!'8IJ9! '&$$3>'459@! J?! 5=;! '(=5&89C! @97545=9! $(! 54@97545=9G! HA9!989394=! =A'=! &A'4B9;! 54! =A9! B945=5S9d@'=5S9! 7$(3;!5;!'(=5&89G! g=! 5;! $48?! =A9! 79354549! 4$)4;! =A'=! ='N9! '! >'(=5&)8'(! 94@54B! 54! =A9! B945=5S9d@'=5S9! ;54B)8'(G! HA5;! 94@54B5@94=5&'8!54!7$(3!=$!=A9!94@54B!7$(!=A9!4$354'=5S9!>8)('8G!

O+3+O+3+3+''07G:7%8&"%'I&56'567'&%47F&%&57'$)5&G:7'

! ;54B)8'(!

! 3';&)8549! 49)=9(! 79354549!

LGdPG! *5,4"#, *5,/9'*%, &-9'/Y!&-E+"'.1Y!&-9'E1'!_GdXG! *5*!,4"#, *5*!,/9'*%, *5"!,9'/"Y!*5"!,E+".!Y!*5"!,9'E"3"!! >8)('8!

! 3';&)8549! 49)=9(! 79354549!

LGdPG! 5!/",4"#&, 5!/",/9'*%1, 5!/",9'/1C!5!/",E+".&Y!5!/",9'E1+1!_GdXG! *5&+,4"#&, *5&+,/9'*%1, *5&+,9'/1C!*5&+,E+".&Y!*5&+,9'E1+1!

d! 3';&)8549! '4@! 49)=9(! 4$)4;! 64$=! &$4;5@9(54B! =A9! '(=5&89:! A'S9! $49! 7$(3! 7$(! =A9! ;54B)8'(! '4@! $49! 7$(3! 7$(!>8)('8!54!'88!&';9;!

d! 79354549!4$)4;!64$=!&$4;5@9(54B!=A9!'(=5&89:!A'S9!$49!7$(3!7$(!=A9!4$354'=5S9d'&&);'=5S9C!'4@!'!@5779(94=!7$(3=A9!B945=5S9d@'=5S9!;54B)8'(!'4@!'88!=A9!&';9;!54!=A9!>8)('8!

d! =A9! 54@97545=9! '(=5&89! A';! =A(99! B945=5S9d@'=5S9! 7$(3;[! *5*!! 63';&)8549! '4@! 49)=9(C! ;54B)8'(:C! *5"!! 679354;54B)8'(:!'4@!*5&+!6>8)('8!7$(!=A9!=A(99!B94@9(;:!

O+3+O+3+9+''07G:7%8&"%'I&56'567'47F&%&57'$)5&G:7'


35/194

! ;54B)8'(!

! 3';&)8549! 49)=9(! 79354549!

LGdPG! 4"#*3, /9'*%*3, 9'/(Y!E+"'.1(Y!9'E1'*(!_GdXG! 4"#*3*!, /9'*%*3*!, 9'/"!Y!E+".!!Y!9'E"3"!!! >8)('8!

! 3';&)8549! 49)=9(! 79354549!

LGdPG! 4"#&!, /9'*%13", 9'/13"C!,E+".&3"Y!9'E1+13"!_GdXG! 4"#&3&+, /9'*%13&+, 9'/13&+C!,E+".&3&+Y!9'E1+13&+!

d! 3';&)8549! '4@! 49)=9(! 4$)4;! 64$=! &$4;5@9(54B! =A9! '(=5&89:! A'S9! $49! 7$(3! 7$(! =A9! ;54B)8'(! '4@! $49! 7$(3! 7$(!>8)('8!54!'88!&';9;!

d! 79354549!4$)4;!64$=!&$4;5@9(54B!=A9!'(=5&89:!A'S9!$49!7$(3!7$(!=A9!4$354'=5S9d'&&);'=5S9C!'4@!'!@5779(94=!7$(3=A9!B945=5S9d@'=5S9!;54B)8'(!'4@!'88!=A9!&';9;!54!=A9!>8)('8G!V$I9S9(C!7$(!=A9!79354549!4$)4;!=A'=!='N9!=A9!94@54B54!=A9!4$354'=5S9d'&&);'=5S9!>8)('8!6,/(!"-6-,/(!!!;='=5$4C!*#/+!!!N5=&A94:C94@54B!&A'4B9;!54=$! 7!"! 54!=A9!B945=5S9d@'=5S9!;54B)8'(C! '4@!=A9!'(=5&89!5;!'=='&A9@!=$! =A5;!7$(3![! ,/(!"-6-,/(,/(!"!C!*#/+!"-6->*#/+!!-6->*#/+!"!!

d! =A9!@97545=9!'(=5&89!A';!=A(99!B945=5S9d@'=5S9!7$(3;[!7T*U3*!!63';&)8549!'4@!49)=9(C!;54B)8'(:C!7!!679354549C!;54B)'4@!73&+!6>8)('8!7$(!=A9!=A(99!B94@9(;:!

O+3+O+9+''=GG9&575&!79'=)(9!$7!2$3'45'4G!HA9!()89;!'J$)=!IA=$!);9!8"!I5=A!=A9!@5(9&=!$J%9&=!'(9!4)39($);!'4@!'(9!54;)775&594=8?!&$@5759@G!g4!B949('8C!$49!&'4!=988!IA94!8"!;A$J9! );9@! J?! ='N54B! 54=$! '&&$)4=! '! ;9(59;! $7! ;93'4=5&! 6'453'=9! hcTC! >9(;$4! hcTC! @97545=9! hcT:! '4@! 3$(>A$8$B'==(5J)=9;!$7!=A9!)==9('4&9G!!

O+3+O+9+3+''.67'4&)7G5'"EV7G5'I&56'8"'

HA9!>(9>$;5=5$4!8"!5;!);9@!IA94!=A9!@5(9&=!$J%9&=!5;[!!

d! '!&$33$4!4$)4!@9;5B4'=54B!5@94=5759@C!@97545=9!$(!)45K)9!>9(;$4;C!';!I988!';!>9(;$4;!';;)39@!=$!J9!N4$I4!JJ?!=A9!;>9'N9(!'4@!=A9!85;=949([!

S-\-(/"8/-8"-;(;(N!gE3!I'5=54B!7$(!3$3G!S-R3-#(*/-8"-8+&!-/*-8"-]"@M-\588!?$)!I'8N!29Z!6@$B!4'39:r!d! '! &$33$4! 4$)4! @9;5B4'=54B! 54'453'=9! $J%9&=;! $(! '453'8;! =A'=! 53>859;! '! 39='>A$(! 7$(! '! >9(;$4C! $(! );9@! 5

&$3>89Z!&$3>'(5;$4!54!IA5&A!=A9!75(;=!=9(3!5;!'!>9(;$4Y!4'39;!$7!=$?;!=A'=!&'4!J9!>9(&95S9@!';!>9(;$4;!$(!>96@$88;C!=9@@?dJ9'(;C!9=&G:[!

S-W7(!-(*1!/-8"-;$(+*3-3(-0"-["&+$"-#(+"-1!#"-#-5*-/!"-0"-#"-,7(*-0",8+!/-O5#(-!-C(/"!MK!X5@!?$)!A=A'=!J';='(@!685=G!@$4N9?:!_9$(B9!IA$!;'?;!A9!@$9;4E=!N4$I!IA?!P4&'!'4@!R'=95!J($N9!)>rq-O-(+*5#(/7&-#(-8"-&-;,"(-,/+!#(/N!V9!@5;&'(@9@!A9(!85N9!'!J($N94!=$$=AG!!S-\-!*>"/!-8"-88*M-a(+-8"-*+,*3"M-X$!?$)!8$S9!=A9!@$88!r!P4@!=A9!=9@@?dJ9'(!r-

d! '! &$33$4! 4$)4! @9;5B4'=54B!54'453'=9! $J%9&=;! $(!'453'8;!54! '!&$4;=()&=5$4!54! IA5&A!=A9! ;)J%9&=!'4@!=A9!@5($J%9&=!'(9!=A9!;'39!4$)4!'4@!=A9?!>(9&9@9!=A9!>(9@5&'=9[!

L*!-8"-#*!-,"-,#&(/"N!2$3'45'4!>($S9(JG!l5=G!P!4'58!='N9;!$)=!'!4'58G!


36/194

d! '! >9(5>A(';=5&! 4$354'8! &$4;=()&=5$4! I5=A! =A9! >$;;9;;5S9! 6(3C! (C! (!C! (3":! $(! @93$4;=('=5S9! 6#"3C! #"(C! #"!C! #"3"'(=5&89C!=A'=!I$(N;!';!'!;)J;=5=)=9!7$(!4$)4;!@9;5B4'=54B!J$=A!>9(;$4;!'4@!$J%9&=;[!

X+!"/"5!!-0"-3(-Q!"5(-(*-9"5!/:-(#*;-=!-(/"8/;-8"-#"!-0"-3(-]&;(N! HA9!7(594@;!7($3!f5944'!'((5S9@C!4$I!I9I'5=54B!7$(!=A$;9!7($3!2$39G!O;->$(/-=5-#(,-,#(*5"3"-0!5-#*+/":-%(!-,-3"->$;-!-8"-#"3"-0"-8"-/"+(,N!g!J($)BA=!54!=A9!8$)4B9;!7$(3&$)(=?'(@C!89=E;!J(54B!54;5@9!=A$;9!$4!=A9!=9(('&9G!X+!"/"5!!-;"!-(*-9"5!/-0"2(:-(#*;-=!-(/"8/;-8"-(!-O3"@(50+"!N!R?!7(594@;!'((5S9@!'8(9'@?C!4$I!I9!'(9!I'5=54BP89Z'4@('E;!67(594@;:G!

Y*-;!7(;-$ ,!/-0!#!&5(+*3:-0(+-8"-(3-O3"@(50+"!-5*-=3-90-5!#!"+!N!g!7$)4@!3?!@5&=5$4'(?C!J)=!g!@$4E=!;99!P89Z'46@5&=5$4'(?:G!

O+3+O+9+9+''.67'4&)7G5'"EV7G5'I&56"9(;$4;C!54!IA5&A!&';9!5=!I588>(9&9@9@!J?!8":[!

O;-#!/!/-*5-(+/!#&3N!g!(9'@!'4!'(=5&89G!

O;- #!/!/- *5- (+/!#&3- !5/"+",(5/-0",8+"-&+!$!5"(-3!;>!!- +&;)5"N! g! (9'@! '4!54=9(9;=54B! '(=5&89! 'J$)=! =A9! $(5B54;! $72$3'45'4!8'4B)'B9G!O;-#!/!/-(+/!#&3*3N!g!(9'@!=A9!'(=5&89G!O;-#!/!/-(+/!#&3*3-0",8+"-&+!$!5"(-3!;>!!-+&;)5"N!g!(9'@!=A9!'(=5&89!'J$)=!=A9!$(5B54;!$7!=A9!2$3'45'4!8'4B)'B9G!O;-#!/!/-/+"!-(+/!#&3"N!g!(9'@!=A(99!'(=5&89;G!O;-#!/!/-#"3"-/+"!-(+/!#&3"-+"#&;(50(/"-0"-8+&9(;$4;C!);9@! ';!'! B949(5&! =9(3! T! &'=9B$(59;! $7!>9$>89! 64'=5$4'85=>($79;;5$4;:C!5@9'8C!53'B54'(?!>9(;$4;C!';!I988!';!;)&A!'!4$)4!>(9&9@9@!J?!3$@5759(;!85N9!((C!(/(+"C!(,/(9=9(G!R5#-;(!-#(*/-8+&9(;$4!r!S-L!5"-(-;(!-#*5&,#*/-(/(+"-8"+,&(5MK!\A$!A';!9S9(!39=!;)&A!'!>9(;$4!rq!

d! '4?!&$33$4!4$)4C!54&8)@54B!4$)4;!@9;5B4'=54B!>9(;$4;C!I5=A!=A9!@97545=9!'(=5&89!IA94!);9@!54!'!&$4;=()&=5$4!I=A9!>$;;9;;5S9!@'=5S9!J?!=A9!S9(J[!

R;!-/!"-/&(/"-8+&>3";"3"N-!V9!c!;A9!N4$I;!'88!3?!>($J893;G!R!-#*5&,#-+*0"3"N!g!N4$I!A5;!c!A9(!(98'=5S9;G!

d! '!>($>9(!4$)4!@9;5B4'=54B!54'453'=9!$J%9&=;!6&$)4=(59;C!&5=59;C!3$)4='54;C!(5S9(;C!9=&G:C!=A'=!&'4!B949('88?!='N9!

@97545=9!'(=5&89[!- V*>",#-b"5G(N!g!8$S9!u94?'G!- O;-(0;!+(/-a*5+"(-0"-8"-/"+(,(-%&/"3*3*!N!g!'@35(9@!=A9!X'4)J9!7($3!=A9!=9(('&9!$7!3?!A$=98G!- Q!,"1-X(+!,*3-1!-!-5&(8/"N!g!@(9'3!$7!M'(5;!@'?!'4@!45BA=G!

O+3+O+O+'.67'$GG


37/194

- E"(*-#(89!&$3J54'=5$4;C!=A9!4$3$@5759@!J?!=A9!B945=5S9!='N9;!=A9!@97545=9!'(=5&89G!

g7!=A9!3$@5759@!4$)4!='N9;! =A9! 54@97545=9!'(=5&89C!$(! 57!5=!5;! 3$@5759@!J?! $49! $(!3$(9! '@%9&=5S9;!$(! J?!'! 4$)4!54!'&&);'=5S9C!=A9!4$)4!54!=A9!B945=5S9!I588!='N9!=A9!>$;;9;;5S9!$(!B945=5S'8!'(=5&89[! &-#(+/"-(-8+&!5"-!5


38/194

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gES9! 89'(49@! !5"N !V9!@5@!4$=!>8'?!=$$!I988!'=!=A9!J9B54454=A9!(9&5='8G!0"-3(-=5#"8*/*3 '54!=A9!J9B5445B[!^&5(/(-0"-3(-=5#"8*/*3-+"#!/(3*3*!-(-59&547$(3'=5$4!$48?!'=!=A9!35@@89!$7!=A9!'(=5&89G!0"- 3(-;!23*3 ' 54!=A9!35@@89[!^#"5(-0"-3(-;!23*3-(#/*3*!-=5/)!-;7(- !;8+",!&5(/N!HA9!;&949!54!=A9!35@@89!$7!=A9!" ;53>(9;;9@!39G,!=5-;!23*3 '54!=A9!35@@89['S-a"-#"-,/(!-=5-;!23*3-,/+1!!-6-"-8"+!#*3&,K!\A?!'(9!?$)!;='4@54B!54!=A9!35@@89!$7!=A9!;=(9g=E;!@'4B9($);!q!0!5-;!23*3 ' 54!=A9! 35@@89[!^/(/*!(-0!5-;!23*3-8(+#*3*!-",/"-/"+!>!3-0"-*+)/K! HA9!;='=)9!54!=A9!35@@89!$7!=A9!>'(=9((5J8?!)B8?G!

0!5- #(*1(' J9&');9! $7]!O- 8!"+0*/- /&/*3- 0!5- #(*1(- 8+&8+!"!- !+",8&5,(>!3!/!N! V9! 8$;=! 9S9(?=A54B! J9&');9! $7! A5;!5((9;>$4;5J585=?G!

=5-9"0"+"('7$(C!=$[!O;-!/-=5-3*3-8+&$S5&5!;>$N9!54!>8'&9!$7! >($79O9(BG!

=5-5*;"3"'$4!J9A'87!$7[!w'V(*-#*9)5/*3-=5-5*;"3"-#&3"$!3&+-;"!N!g!'3!='N54B!=A9!78$$(!$4!J9A'87!$7!3?!&$889'B)9;G!

O+3+O+P+3+9+''.67'4$5&W7'

HA9!@'=5S9!54@5&'=9;!=A9!>9(;$4!$(!=A54B!=A9!'&=5$4!$7!=A9!S9(J!5;!@5(9&=9@!=$G!HA9!&';9!K)9;=5$4!$7!=A9!@'=5S9!5;! #*!IA$3r!!

HA9!@'=5S9!&$39;!'7=9(!&9(='54!S9(J;!(98'=9@!=$!=A9!B949('8!5@9'!$7!EB5S54BE[!(-0('=$!B5S9[!s!V7(;-0(/-#&3"$"!-/(3"-#+!3"-0"-,8(5!&3N!g!B'S9!?$)(!&$889'B)9!=A9!U>'45;A!=9Z=J$$N;G!(-&8'549@!=$!=A9!;=)@94=;!IA'=!=A9?!A'S9!=$!@$G!

(-8+&;!/"'=$!>($35;9[!V7(;-8+&;!,-;(;"!-#-9&!-/"3"($35;;9@!3?!3$=A9(!=A'=!g!I$)8@!&'88!9S9(?!@'?G!


39/194

(-(+/('=$!;A$I[!W"7(;-(+/(/-&(,8"!3&+-8"-#"-,/+(0-",/"-;*1"*3N!g!;A$I9@!=A9!B)9;=;!IA'=!;=(99=!=A9!3);9)3!5;!$4G!!

HA9!@'=5S9!&';9!5;!(9K)5(9@!J?!=A9!>(9>$;5=5$4;!I5=A!=A9!B949('8!39'454B!E=A'4N;!=$E[!0(/&+!/[!O;-&>!5*/-(#",/"-+"1*3/(/"-0(/&+!/-(2*/&+*3*!-/*N!g!B$=!=A9;9!(9;)8=;!=A'4N;!=$!?$)(!A98>G!

$+(!"[!O;-(2*5,-(#(,(-;(!-0"9+";"-$+(!"->*59&!5"!-0*;5"(9&(,/+N!g!B$=!A$39!9'(859(!=A'4N;!=$!?$)(!N54@49;;G!!;*3*;!/[!C*3*;!/-"9(;$4;!A'S9!;$39!>'(=5&)8'(!79'=)(9;!54!@9&894;5$4G!HA9?!'(9!S9(?!('(98?!@9&8549@!I5=A!'4!54@9754

'(=5&89G!

HA9!79354549!75(;=!4'39;!=A'=!94@!54!7(!654&8)@54B!7$(95B4!4'39;:!'(9!@9&8549@!85N9!=A9!&$33$4!4$)4;!I5=A!@9754'(=5&89!6LGTPG!C(+!(C!_GTXG!C(+!"!:[!!

C(+!(!64$354'=5S9:!(+"-*5--#*-C(+!(!6'&&);'=5S9:N!gE3!;>9'N54B!I5=A!R'(5'G!!Y3-",/"-(9&9@9@! J?! &$33$4! 4$)4;[! 0&;5*3C! 0&(;5(C! 0&;5!&(+(C! ,/*0"5

"3"9*3C!9=&G!\A94!=A9!&$3J54'=5$4!5;!54!B945=5S9d@'=5S9C!=A9!&$33$4!4$)4!5;!=A9!$49!=A'=!&A'4B9;!'&&$(@54B!=$!=AB949('8!()89!$7!@9&894;5$4!I5=A!=A9!@97545=9!'(=5&89[!0&;5*3*!-X&8",#*C!0&(;5"!-["&+$",#*C!0&;5!&(+"!-\3/"(,/*0"5/*3*!-X&8(C!"3"9"!-L+!,/"(C!9=&G!

O+3+O+Q''H"G$5&W7'

HA9!S$&'=5S9!&'4!J9!5@94=5&'854!7$(3!I5=A!=A9!4$354'=5S9d'&&);'=5S9C!$(!5=!&'4!='N9!;>9&5'8!&';9!94@54B;G!HA9!B94=94@94&?!54!&$4=93>$('(?!2$3'45'4!5;!4$=!=$!);9!=A9!;>9&5'8!94@54B;C!5G9G!=$!);9!=A9!4$354'=5S9!&';9!7$(3;!54;=9'@=A9!S$&'=5S9!&';9!7$(3;G!g4=$4'=5$4!5;!=A9!3$;=!53>$(='4=!39'4;!=$!&$4S9?!=A9!5@9'!$7!'@@(9;;54B!$(!&'8854B!;$39J$

!

!


40/194

O+3+O+Q+3+''\")#&%;'567'W"G$5&W7'

HA9!94@54B;!$7!=A9!S$&'=5S9!'(9[!

;54B)8'(!

3';&)8549! 79354549!

[G"%8+!h![7! >!(/'f'>!"/"K!J$?!

8+!"/"5'f'8+!"/"5"K!7(594@!a(5'f'a(5"K'

[C![$C!![

"!!

,&+'f',&+&K!;5;=9(!

!/&K!A$49?!

[

! Z3&+!#('f'Z3&+!#&K'Y3"5('f'Y3"5&K'

[G"%8+C![&'`'[8)('8!

3';&)8549!'4@!79354549!

[:")'0&;5!-6-0&;5!3&+K'B94=89394'

!(/*3"K!J$?C!!*>!/!T!!*>!/*3"K!'4@!!*>!/"K!A$49?!63G:!d! ;$39!4$)4;!=A'=!'(9!7(9K)94=8?!);9@!54!=A9!S$&'=5S9!'8I'?;!='N9!=A9!;>9&5'8!S$&'=5S9!94@54B;[!0&;5*3"K!;5(qC!

;$4q! &;*3"K! 3'4qC!8+!"/"5"K! 7(594@qC! *5#%!*3"K! )4&89qC! 9"+"K! &$);54qC! >*5!#&K! B('4@3'qC! >*5!#*3"K! B('4@>'qC!!/&K!A$49?q!67G:C!8+&,/*3"K!?$)!;=)>5@q!63G:C!8+&(,/&K!?$)!;=)>5@q!67G:C!0"/"8/*3"K!;3'(=!$49q!63GC!5($4G:C!0"/"(8/&K!?$)!;3'(=!$49q!67GC!5($4G:!

d! ;$39! 4$)4;! 7(9K)94=8?! );9@! 54! =A9! S$&'=5S9! 49S9(! ='N9! =A9! ;>9&5'8! 94@54B;[! ;(;K,3$=A9(qC, /(/K, 7'=A9(qC, #&8&A58@(94qC,>!"!K,J$?;qC!8+!"/"5!K,7(594@;qC,0&(;5K,3'@'3C!3'E'3qC!!/!J98$S9@C!,#*;8!>(9&5$);C!@9'(9;=C!,/!;(/!(9;>9&=9@C!@9'(G!HA9!4$)4!54!=A9!S$&'=5S9!&'4);9@!54!'!;53>89!;=()&=)(9!$4V7G5&W7'`'%"89Z!;=()&=)(9;!I5=A!D"88788&W7'$4V7G5&W78!'@@9@G'


41/194

O+3+O+Q+9+3+''=4V7G5&W7'`'%"!/"' h!%"!/"-!/"' h!%"'4=;C!9=&G!'

d! IA94! =A9!'@%9&=5S9;! !*>!/C! ,#*;8C!'4@! ,/!;(/!>(9&9@9! #$8G8)('8!6J$=A!B94@9(;:!T!0+($!!

d! =A9! 4$)4;! 7$88$I54B! =A9! '@%9&=5S9;! &'4! J9! );9@! I5=A! $(! I5=A$)=! =A9! S$&'=5S9! 94@54B;! 6=A9! 3$;=! &$33&$3J54'=5$4;!'(9!B5S94!54!=A9!='J89!'J$S9:'

HA9!'@%9&=5S9;!0+($C! !*>!/C!,#*;8!&'4!'8;$!&$39!'7=9(!=A9!4$)4C!54!IA5&A!;5=)'=5$4!=A95(!4$354'=5S9!&';9!7$(3;!');9@G!HA9!4$)4;!&'4!J9!);9@!I5=A!$(!I5=A$)=!=A9!S$&'=5S9!94@54B[!8+!"/"5"-0+($C!0&(;5-0+($C!#&8!!-!*>!!C!9=&G'

!


42/194

!O+3+O+Q+9+9+''=4V7G5&W7'`'D"88788&W7'`'%"!/(-5&(,/+-,&+',#*;8(' ' ,#*;8(-;"(-8+!"/"5',/!;(/(' ' ,/!;(/(-5&(,/+-8+!"/"5'

3';&)8549C!>8)('8!

0+($!!' ' 0+($!!-;"!-8+!"/"5!M'0+($!!-5&/+!-!59!/(!'

!*>!!!' `';"!-'-5&/+!-`'%"!!!-5&/+!-8+!"/"5!M'!*>!!!-;"!-#&3"$!',#*;8!!' ' ,#*;8!!-5&/+!-8+!"/"5!-,/!;(!!' ' ,/!;(!!-5&/+!-&(,8"!'

79354549C!>8)('8!

0+($!3"-'-0+($"3"' ' 0+($"3"-;"3"-8+!"/"5"M'0+($"3"-5&(,/+"-9"+!&(+"--!*>!/"3"' `' ;"3"- '- 5&(,/+"' `' %"!/"3"- 5&(,/+"- 9"+!&(+"M' !*>!/"3"- ;"3"- V*3!(- !-

C&5!#(-,#*;8"3"' ' ,#*;8"3"-;"3"-8+!"/"5"-,/!;(/"3"' ' ,/!;(/"3"-5&(,/+"-!59!/(/"'

!d! I5=A54!=A5;!;=()&=)(9!=A9!'@%9&=5S9;!0+($C!!*>!/C!,#*;8C!,/!;(/!'(9!);9@!I5=A!=A9!@97545=9!'(=5&89!

d! =A9!4$)4!@$9;!4$=!='N9!=A9!S$&'=5S9!94@54B;!d! IA94!5=!='N9;!=A9!@97545=9! '(=5&89C!=A9!'@%9&=5S9!0+($!54!=A9!79354549!>8)('8!3'?!'8;$!='N9!=A9!94@54B! 7"[!0+($

6'8=A$)BA!'&&$(@54B!=$!4$(3'=5S9!2$3'45'4!B('33'(;!=A9!7$(3! 0+($!3"!5;!=A9!&$((9&=!$49C!=A9!7$(3! 0+($"3>('&=5&'88?!=A9!$49!>(979((9@!54!&$4=93>$('(?!2$3'45'4:!

d! =A9!4$)4!5;!$7=94!$35==9@![!0+($*3-;"*C!,#*;8(-;"(C!0+($!!-5&/+!C!9=&G!!!


43/194

O+9+''=)5&G:7'

O+9+3+''.67'47F&%&57'$%4'&%47F&%&57'$)5&G:7!

O+9+3+3''.67'&%47F&%&57'$%4'47F&%&57'$)5&G:7'&%'567'8&%;(9&9@9;!=A9!4$)4!'4@!5;!I(5==94!';!'!;9>'('=9!I$(@[!!

;54B)8'(!

3';&)8549!'4@!49)=9(! 79354549!

8'&9;!7!'4@!7":!


44/194

HA9(9!'(9!;9S9('8!3';&)8549!4$)4;!@9;5B4'=54B!3'89!>9(;$4;!=A'=!94@!54! 7G!HA9;9!4$)4;!='N9!=A9!'(=5&89! 7(C!85N9!=A79354549!4$)4;[!/(/-6-/(/(C!8&8-6-8&8(C!9=&G!

HA9!@97545=9!'(=5&89!73C!';!I988!';!=A9!754'8!73!54!7*3C!'(9!$7=94!4$=!>($4$)4&9@!54!=A9!;>$N94!8'4B)'B9!

HA9! 79354549! 4$)4;! 54![&! @9;5B4'=54B! @'?;! $7! =A9! I99N! A'S9! =A9! 7$88$I54B!7$(3;!I5=A! =A9! @97545=9! '(=5&89[! 3*53*5"(C!;(+!-6-;(+"(C!;!"+#*+!-6-;!"+#*+"(C!9!5"+!-6-9!5"+"(C!J)=!2&!-6-2&!(G!

HA9!79354549!4$)4!#(#(&!&$&$'!='N9;!=A9!@97545=9!'(=5&89!';!7$88$I;![!#(#(&-6-#(#(*(G!

O+9+3+9+''.67'&%47F&%&57'$%4'47F&%&57'$)5&G:7'&%'567'D:8)('8C!);9@!I5=A!4$)4;!$7!'88!B94@9(;[!5!/"G!

>8)('8!3';&)8549! 49)=9(! 79354549!

%&57'5!/",/6*)1%&,5!/",1+10&,5!/",;&1&,

5!/",/9'*%1,5!/",/'61,5!/",)&/9*.&,

5!/",/6*)1%61,5!/",1+101,5!/",E161,

!O+9+3+9+9+''07F&%&57'$)5&G:7'

HA9(9!'(9!=I$!@97545=9!'(=5&89;!7$(!=A9!>8)('8[!=A9!'(=5&89!7!!5;!'=='&A9@!=$!=A9!>8)('8!$7!=A9!3';&)8549!4$)4;C!=A9!'(=5&8

73"!5;!'@@9@!=$!=A9!>8)('8!$7!=A9!79354549!'4@!49)=9(!4$)4;G!!

>8)('8!

3';&)8549! 79354549!'4@!49)=9(!

[&' [:7'D:9&575&!$(!@97545=9!;5B4575&'=5$4C!=A9!4$)4!I5=A!=54@97545=9! '(=5&89! 5;$8'=9;! '4! )4;>9&5759@! $J%9&=! $(! '! B($)>! $7! $J%9&=;! '3$4B! $=A9(! ;5358'(C! '4@! =A9! 4$)4! I5=A!@97545=9!'(=5&89!3'(N;!'!&9(='54!$J%9&=!=A'=!&'4!J9!>(9&5;98?!;>9&5759@!J$=A!J?!=A9!;>9'N9(!'4@!=A9!85;=949(C!@)9!=$!A5BA!89S98!$7!54@5S5@)'85b'=5$4G!HA9(9!'(9C!A$I9S9(C!;$39!54;='4&9;!IA94!=A9!);'B9!$7!=A9!'(=5&89!@5779(;!7($3!


45/194

.67'

&$4;=()&=5$4[!!Y3-",/"-*5-/(/ ->*5N!V9!5;!'!B$$@!7'=A9(G!!Y!-,*5/-5! /"-(;"+!#(5!-(0"9+(!N!HA9?!'(9!=()9!P39(5&'4;G!!Y3"-,*5/-5! /"-,/*0"5/"-"@#"8!&5(3"N!HA9?!'(9!$)=;='4@54B!;=)@94=;G!Y!-,*5/-5! /"-,/*0"5!-#*-+"1*3/(/"-*5!#(C! >*5!#*3C! ,&+(C!(9&9@9@!J?!'4?!>(9>$;5=5$4[!- Z3&+!3"-,*5/-8"5/+*-;(;(N!HA9!78$I9(;!'(9!7$(!6?$)(C!$)(C!9=&G:!3$=A9(G!- C-0*#-3(->*5!#(N!gE3!B$54B!=$!B('4@3'E;G!!

+G! \5=A!4$)4;!3$@5759@!J?!'!>$;;9;;5S9!'@%9&=5S9[!!- X+!"/"5*3-;"*-",/"-(!#!N!R?!7(594@!5;!A9(9G!- Z+(!!-/!-,*5/-(#(,N!^$)(!J($=A9(;!'(9!'=!A$39G!

.67'$)5&G:7'&8'9(;$4!5;!54@5&'=9@G!HA9!54@97545=9!'(=5&89!5;!4$=!(9K)5(9@!IA94!$49!(97

=$!>($79;;5$4C!('4NC!4'=5$4'85=?C!$(!'4?!$=A9(!;='=);!I5=A54!'!&'=9B$(?[!!- Y3-",/"-,/*0"5/N!V9!5;!'!;=)@94=G!- a&(;5(-O50+"",#*-",/"-8+&


46/194

+G!! \A94! '! 4$)4! @9;5B4'=54B! '! ;)J;='4&9! 5;!>(9&9@9@! J?! =A9! >(9>$;5=5$4! #*! 54! '! &$4;=()&=5$4! =A'=! 54@5&'=9;! =A'@@5=5$4!$7!=A'=!;)J;='4&9!6=$!7$$@C!9=&G:[!! #"(!-#*-3;)!"!=9'!I5=A!893$4!!! 8)!5"-#*-*5/!J(9'@!I5=A!J)==9(!!! #(+)51-!-9!5C!g!A'S9!J(9'@C!&A99;9!'4@!I549G!- O;-#)!9(-#&3"$!-0!5-["+;(5!(N!g!A'S9!;9S9('8!&8';;3'=9;!7($3!_9(3'4?G!- H*-(;-;*3/"-8!@*+!N!g!@$4E=!A'S9!8$=;!$7!>94;G!

-G! HA9! '(=5&89! 5;! 4$=! (9K)5(9@! J97$(9! '! >(9@5&'=9! 4$)4!54@5&'=54B! 3'==9(C! ';! I988! ';! '4! 54@5S5@)'8! $(! '4!$J%9&$>>$;5=5$4!=$!'4$=A9(C!A?>$=A9=5&'8!$49[!!! Y-3";5:-5*-83(,/!#C'HA5;!5;!I$$@C!4$=!>8';=5&G!!! H*-"-8)('8!

3';&)8549!'4@!49)=9(! 79354549! 3';&)8549! 79354549!'4@!49)=9(!

LGdPG! #"3- #"(- #"!- #"3"-_GdXG! #"3*!- #"3"!- #"3&+-

HA9!=('@5=5$4'8!B('33'(;!&'88! =A5;!989394=!'4! '@%9&=5S'8!$(!@93$4;=('=5S9!'(=5&89G!V$I9S9(C!5=!7)4&=5$4;!('=A9(!85N3$(>A$8$B5&'8!>'(=5&89G!HA5;!989394=!5;!54&8)@9@!54!=A9!;=()&=)(9!$7!=A9!(98'=5S9!;)>9(8'=5S9!@9B(9!$7!'@%9&=5S9;!'4'@S9(J;[!#"3-;(!-($4$)4!(#"3C!(#"(C!(#"!C!(#"3"!=A'=G!g=!&'4!7)4&=';!'!>($4$)4!54!=A'=!5=!&'4!J9!'!;)J;=5=)=9!7$(!'!4$)4G!g=!&'4!(9>8'&9!'!4$)4!>(9S5$);8?!9Z>(9;;9@!54!'!>'(=5&)8'(!&$4='4@!(9&'889@!I5=A!(9B'(@!=$!'!;>9&575&!'==(5J)=9C!4$=!49&9;;'(58?!9Z>(9;;9@!J?!'4!'@%9&=5S9G!i$(!9Z'3>89[!

S-`50"-;!7"-+%!(M!\A9(9!5;!3?!@(9;;r!S-L(+":-#"(-5"($+-,(*-#"(-9"+0"M-^(*-#"(-0"-#(/!(9S5$);8?!9Z>(9;;9@!54!=A9!;>99&A!'&=:!

P8;$C!5=!&'4!(9>8'&9!'!>$;;5J89!4$)4!=A'=!5;!4$=!54&8)@9@!54!=A9!;>99&A!'&=!J)=!IA$;9!(979(94=!5;!';;)39@!=$!J9!N4$=$!=A9!85;=949(!54!'!>'(=5&)8'(!;5=)'=5$4[!

S-L(+"-8+&0*,"-,*5/-;(!->*5"M!\A5&A!>($@)&=;!'(9!J9==9(r!


47/194

S-L"3"-&+$(5!#":-"9!0"5/:-(0!#-#"3"-($4$354'8!7)4&=5$4!$7!#"3C!#"(C!#"!C!#"3"!5;!$JS5$);!54!;'?54B;C!75Z9@!&$4;=()&=5$4;!$(!>($S9(J;C!IA9(9!5=!(979(;'!>9(;$4!$(!=A54B!'&&9>=9@!J?!&$4S94=5$4!=$!A'S9!'!&9(='54!'==(5J)=9[!

L"3-0"-^*,-j-a*;5"1"*!_$@!!

#"3-#*-#&(+5"-j-0+(#*3!@9S58

!#"(-#*-#&(,(-j-;&(+/"(!@9'=A!L"3->&$(/-*5"-,-,"7(0*5"N!2$3'45'4!;'?54B![!R'?!=A9!J'@!=A54B;!I';A!'I'?C!3'?!=A9!B$$@!=A54B;!&=$!);G!

HA9!=9(3!v$4V7G5&W$:!'(=5&89w!5;!);9@!J9&');9!=A5;!989394=!$7=94!>(9&9@9;!'4!'@%9&=5S9G! L"3C!#"(C!#"!C!#"3"!&'4!>(9&'4! '@%9&=5S9! =A'=! &$39;! '7=9(! '! 4$)4! I5=A! '! @97545=9! '(=5&89! 54! $(@9(! =$! 93>A';5b9! =A9! '@%9&=5S9! $(! =$! 3'N9!&$3J54'=5$4! %"9&575&G! \A94! =A9! '@%9&=5S'8! '(=5&89! >(9&9@9;!=A9! '@%9&=5S9C!=A9! '==(5J)=5$4(9547$(&9@C! '! ;)>>89394='8!;=(9;;! 5;!'>>'(94=! $S9(! =A9! (98'=5$4! J9=I994! =A9! 4$)4! '4@!5=;! '@%9&=5S9C!'4@! =A9! K)'9Z>(9;;9@!J?!=A9!'@%9&=5S9!5;!>9(&95S9@!';!S9(?!(989S'4=G!#$3>'(9[!

_)5+(->3&50-0!5-9(;$4'85=59;!';;$&5'=9@!I5=A!'!;>9&5'8!'4@!>9(3'494=!K)'85=?!$(!79'=)(9!=A'=!@975=A93!';!;)&A!'(9!J';9@!$4!=A9!;=()&=)(9!'J$S9[!/"A94! =A9!_(9'=C!C!+#"(-#"3-E/+)5- R5(&9'!=A9!`X"/+*-#"3-C(+"- M9=9(!=A9!_(9'=C!W*#(,-L+(5(#%-#"3-E/+)5-l)&';!#('4'&A!=A9!$;;9;;5S9!$49G!g4!;)&A!&$4;=()&=5$4;!=A9!'@%9&=5S'8!'(=5&89!$&&)(;!7(9K)94=8?[!

s!W(-8"/+"#"+"-9!5"-!-8+!"/"5(-3*!-#"(-,!;8(/!#M!\588!A5;!45&9!7(594@!&$39!=$!=A9!>'(=?r-s!O;-(9>($;5=5$4!8":[!s!O!-91*/7&-(1!-8"-,/*0"5/(-;"(-#"(-9","3M-V'S9!?$)!;994!3?!&A99(7)8!;=)@94=r-s!a(:-"+(-#*-#"(-/+!,/-0"-3(-#%!;!":-#(+"-"-8+!"/"5(-"!N !^9'AC!;A9!I';!I5=A!=A9!;'@!$49!=A'=!5;!3'%$(54B!54!&A935;IA$!5;!A9(!7(594@G-

s!O!-#*;8+(/-#"3"-/+"!-/(>3&*+!-0",8+"-#(+"-9&+>"(!-1!3"3"-/+"#*/"M !X5@!?$)!J)?!=A9!=A(99!=A54B;!?$)!I9(9!='8'J$)=!=A9!$=A9(!@'?r-

s!a(:-3"7(-#*;8+(/-8"-#"3"-/+"!-!-8"-#"3"-0&*-0",8+"-#(+"-5*-(;-(9*/-/!;8-,7!-8&9",/",#K!^9;C!gpS9!J$)=A9!=A(99!$49;!'4@!=I$!g!A'S94E=!A'@!=539!=$!=988!?$)!'J$)=G-


48/194

d! B945=5S9!6I5=A!$(!I5=A$)=!B945=5S'8d>$;;9;;5S9!'(=5&89:[!s!O-#*!-",/"-#(+/"(-(,/(M-Y-#(+/"(-,/*0"5/"!-;"3"-#"3"!-9","3"-#(+"-,/-;"+"*-=5-+)50*3-=5/)!M!\A$;9!5;J$$Nr!g;!5=!=A9!J$$N!$7!3?!&A99(7)8!;=)@94=!IA$!'8I'?;!;5=;!54!=A9!75(;=!($Ir-s!H*:-(,/(-"-#(+/"(-#"3"!-/+!,/"-#(+"-,/-0"-&>!#"!-=5-+)50*3-0&!N-Y-(-#"3"!-/+!,/":-/!*-,!$*+K!L$C!=A5;!5;!=A9!J$7!=A9!;'@!$49!IA$!);)'88?!5;!;9'=9@!54!=A9!;9&$4@!($IG!g=E;!=A9!;'@!$49E;C!g!%);=!N4$I!5=q-

s! `50"-,*5/-+(;"3"-#"3&+-/+"!-/(>3&*+!M!\A9(9!'(9!=A9!7('39;!$7!=A9!=A(99!>'54=54B;r-d! @'=5S9[!

s!V7(!-0(/-0!#!&5(+*3-,/*0"5/"!-;"3"-#"3"!-9","3"M!X5@!?$)!B5S9!=A9!@5&=5$4'(?!=$!3?!&A99(7)8!;=)@94=r

-s!H*:-!-37(;-0(/-#"3"!-/+!,/":-0(+-#(+"-3*#+"(1-;(!-;*3/-!-;(!->!5"N!L$C!g!B'S9!5=!=$!=A9!;'@!$49C!IA$!I$(N;!3'4@!J9==9(G-


49/194

O+9+O+'.67'D"88788&W7'")';7%&5&W$:'$)5&G:7'

HA9!>$;;9;;5S9!$(!B945=5S'8!'(=5&89!54@5&'=9;!=A9!(98'=5$4!$7!>$;;9;;5$4G!HA5;!'(=5&89!A';!7$)(!7$(3;![!

;54B)8'(! >8)('8!

3';&)8549!'4@!49)=9(! 79354549! 3';&)8549! 79354549!'4@!49)=9(!

(3- (- (!- (3"-

HA5;!'(=5&89!5;!'!&$4;=5=)=5S9!989394=!$7!=A9!B945=5S9!&';9!K)9;=5$4!6=A9!54=9(($B'=5S9!>($4$)4! #!5"!54!=A9!B945=5S9!&'>(9&9@9@!J?!=A5;!>'(=5&)8'(!'(=5&89:[! (3-#*!-M!IA$;9!67$(!3';&)8549!'4@!49)=9(!4$)4;!54!=A9!;54B)8'(:C!(-#*!-M!IA$;9!679354549!4$)4;!54!=A9!;54B)8'(:C!(!-#*!-M!IA$;9!67$(!3';&)8549!4$)4;!54!=A9!>8)('8:C!(3"-#*!-M!IA$;9!67$(!79354549!49)=9(!4$)4;!54!=A9!>8)('8:G!

HA9!>$;;9;;5S9!$(!B945=5S'8!'(=5&89!&'4!J9!);9@!I5=A!'!4$)4!$(!'!>($4$)4!54!=A9!B945=5S9C!';!8$4B!';!=A9!4$)4!$(!=A>($4$)4!'(9!);9@!54@9>94@94=8?!6);9@!I5=A$)=!=A9!4$)4!=A9?!3$@57?C!5G9G!=A9!4$)4!;A$I54B!=A9!$J%9&=!>$;;9;;9@:!$('!(93$=9!>$;5=5$4!6);9@!'=!'! &9(='54!@5;='4&9!7($3!=A9!4$)4!=A9?!3$@57?C!A'S54B!$=A9(!989394=;!54;9(=9@!J9=I994!=I$!4$)4;:[!

S-O-#*!-",/"-#(,(-(#"(,/(-M!\A$;9!A$);9!5;!=A5;!6A$);9:r!S-O-8+!5!3&+-;"!N!6g=!5;:!3?!>'(94=;E!6A$);9:G!654@9>94@B945=5S9:!!L(,(-#"(-5&*-!-;(+"-(-8+!5!3&+-;"!-",/"-($79;;$(E;!49I!J$$N;!


50/194

R$;=!'@%9&=5S9;!'(9!S'(5'J89G!P4!'@%9&=5S9!3$@57?54B!'!49)=9(!4$)4!5;!3';&)8549!54!7$(3!54!=A9!;54B)8'(C!'4@!7935454!=A9!>8)('8G!HA9!@5&=5$4'(?!7$(3!$7!=A9!'@%9&=5S9C!5G9G!=A9!3';&)8549!;54B)8'(!4$354'=5S9!7$(3;C!94@;!54! G"%8"%$%*C! 7"' $(! 7!G!HA9!7$(3;!7$(!=A9!79354549!'4@!=A9!>8)('8!&'4!J9!&$4;=()&=9@!J?!&A'4B54B!=A9!94@54B!$7!=A9!'@%9&==A($)BA!'@@5=5$4!6h:!$(!;)J;=5=)=5$4!6:G!MA$49=5&!3)='=5$4;!3'?!$&&)(!54!=A9!79354549!'4@!>8)('8!7$(3;G!

O+O+''=4V7G5&W7'

O+O+3+''=4V7G5&W$:'$;)77#7%5'

HA9!@9;&(5>=5S9!'@%9&=5S9!5;!);)'88?!>8'&9@!'7=9(!=A9!4$)4!5=!3$@5759;G!HA9!'@%9&=5S9;!'8I'?;!='N9!=A9!B94@9(C!4)3'4@!&';9!$7!=A9!4$)4;!=A9?!3$@57?G!

O+O+3+3+''\")#&%;'567'F7#&%&%7'$%4'567'D:8)('8!

3';&)8549!'4@!49)=9(! 79354549! 3';&)8549! 79354549!'4@!49)=9(!

[G"%8+' `'[' `'[&' `'[7'>*5!B$$@!

;!$7!=A(99d7$(3!'@%9&=5S9;[!


51/194

3+'#$8G"($C!8+!>"($C!8+!>"$!C!8+!>"$"! I'4@9(

('3J854BG!!d! '@%9&=5S9;!=A'=!54!7",#!54!=A9!3';&)8549!;54B)8'([!&;"5",#C!&;"5"(,#C!&;"5"/!!A)3'4C!+&;)5",#C!+&;)5"(,

+&;)5"/!!2$3'45'4C!9=&G!!! 8(5/&

d! '@%9&=5S9;!=A'=!94@!54!7!*!54!=A9!3';&)8549!;54B)8'([!(*+!*C!(*+!"C!(*+!!!B$8@94[!8"+"!-(*+!!'B$8@94!I'88;!63G:C!#*8&3"-(*+!!'B$8@94!&)>$8';!67G:!

d!=A9!5((9B)8'(!'@%9&=5S9!5&*C!5&*C!5&!!49I[!! 8(5/&

;54B)8'(! >8)('8!

3';&)8549!'4@!49)=9(! 79354549! 3';&)8549! 79354549!'4@!49)=9(!

[7' ![&';(+"!J5B!9"+0",B(994!

0*3#"!;I99=!

;(+!!9"+1!-

0*3#!![&'a'[


52/194

O+O+3+Q+''/%7[F")#'$4V7G5&W78'

U$39! '@%9&=5S9;! $7! '@S9(J5'8! $(5B54C! ';! I988! ';! J$(($I9@! 4'39;! $7! &$8$(;! A'S9! $48?! $49! 54S'(5'J89! 7$(3[!#*;,"#(0"!@9&94=!3'4C!54N!@(9;;C,8"+"!-+&1->54N!I'88;C!+%!!-+&1!>54N!@(9;;9;G!

$::';7%47)8'$%4'%54N!?(?!!NA'N5!

$+!!B('?!>3"*!85BA=!J8)9!;(+&!J($I4!

O+O+9+''.67'(9&9@94$)4G!\A94!>8'&9@!J97$(9!=A9!4$)4C!=A9!'@%9&=5S9!'&K)5(9;!'4!'@@5=5$4'8!54=94;5=?C!'4@!=A9!IA$89!;=()&=)(9!$4V7G5&W%"!3-(#/+!K,R

P89Z'4@(9;&)!5;!'!(93'(N'J89!'&=(9;;q!

\A94!=A9!4$)4!='N9;!=A9!@97545=9!'(=5&89C!54!&';9!$7!54S9(;5$4!=A9!'(=5&89!I588!J9!'=='&A9@!=$!=A9!'@%9&=5S9[!O#/+!(- "@#"8!&5(3- 0"- 8"- ,#"5- ",/"- 0&(;5(- O3"@(50+",#*N' k- Y@#"8!&5(3(- (#/+!- 0"- 8"- ,#"5- "0&(;5(-O3"@(50+",#*N,HA9!$)=;='4@54B!'&=(9;;!$4!=A9!;='B9!5;!R(;G!P89Z'4@(9;&)G!!

\A94!=A9!4$)4!5;!>(9&9@9@!J?!'!@9;&(5>=5S9!'@%9&=5S9!'4@!'!>$;;9;;5S9!>($4$354'8!'@%9&=5S9C!54!&';9!$7!54S9(;5$4!J=A9!'@%9&=5S9!'4@!=A9!>$;;9;;5S9!I588!>(9&9@9!=A9!4$)4C!'4@!=A9!'(=5&89!I588!J9!'=='&A9@!=$!=A9!@9;&(5>=5S9!'@%9&=5S9G!H545=5'8!I$(@!$(@9(!%">?!&'4!$48?!J9!>8'&9@!J97$(9!

4$)4!5=!3$@5759;[!!Y-*5->!"/-#)!5"-3(-*(-5&(,/+N!HA9(9E;!'!>$$(!@$B!'=!$)(!@$$(G!E!"/*3-#)!5"-0"-3(-*(-5&(,/+-",/"-;!#N!HA9!>$$(!@$B!'=!$)(!@$$(!5;!;3'88G!


53/194

O+O+O+''=4V7G5&W$:'47G:7%8&"%'

HA9!B949('8!()89!7$(!=A9!@9&894;5$4!$7!=A9!'@%9&=5S9!5;!=A9!;'39!';!7$(!=A9!4$)4C!5G9G!$48?!=A9!79354549!'@%9&=5S9;!A;>9&5'8!;>9&5'8!94@54B;C!7$(!=A9!B945=5S9d@'=5S9!;54B)8'(G!HA9;9!94@54B;!'(9!5@94=5&'8!=$!=A$;9!$7!=A9!4$354'=5S9!>8)(

\A94! %"


54/194

O+O+P+''07;)778'"F'G"#D$)&8"%'"F'567'$4V7G5&W7'!!

O+O+P+3''.67'G"#D$)$5&W7'47;)77'

O+O+P+3+3+''.67'G"#D$)$5&W7'"F'8(9&9@54B!=A9!'&=)'8!'@%9&=5S9C!'4@!I5=A!=A9!&$3>'('=5S9!>(9>;5=5$4;!#(!$(!#(-!!7$88$I54B!5=[!!

/&/-((-0"-'-/&/-(/)/-0"-'-3(-

;(!-8*!5'`'$4V7G5&W7'`'0"#)/-'-#('`'$GG!

d! 4$)4;!'4@!>($4$)4;!'7=9(!0"#)/!$(!#(!'(9!54!=A9!'&&);'=5S9!d! =A9!'@S9(J';(!-8*!5'&'4!J9!(9547$(&9@!J?!$=A9(!'@S9(J;C!;)&A!';!;*3/:-#*-;*3/[!!

Z!3;*3-",/"-#*-;*3/-;(!-8*!5-!5/"+",(5/-0"#)/-+&;(5*3N!HA9!7583!5;!3)&A!89;;!54=9(9;=54B!=A'4!=A9!4$S98G!


55/194


56/194

O+O+P+9+''.67'8$;5=5$4G!L&;8*5"+"(-"!-",/"-#"(-;(!-$;5=5$4!5;!=A9!3$;=!J9')=57)8!54!&8';;G!L&;8*5"+"(- "!-",/"- #"(- ;(!- $;5=5$4! 5;! =A9! 3$;=!

J9')=57)8!$7!'88!=A9!&$3>$;5=5$4;!54!=A9!&8';;G!

d! =A9!989394=!#"3C!#"(C!#"!C!#"3"!=A'=!&$39;!J97$(9!=A9!54S'(5'J89!&$3>$494=! ;(!!='N9;!=A9!B94@9(!'4@!=A9!4)3J9(=A9!3$@5759@!4$)4!

d! IA94! =A9! '@%9&=5S9! &$39;! '7=9(! =A9! 4$)4! 5=! 3$@5759;C! =A9! 4$)4! ='N9;! =A9! @97545=9! '(=5&89[! +&;(5*3- #"3- ;!5/"+",(5/!=A9!3$;=!54=9(9;=54B!4$S98C!#(+/"(-#"(-;(!-!5/"+",(5/!=A9!3$;=!54=9(9;=54B!J$$NC!#&3"$!!-#"!-;(!-!5/"+",(5!3$;=!54=9(9;=54B!&$889'B)9;!63G:C!#&3"$"3"-#"3"-;(!-!5/"+",(5/"!=A9!3$;=!54=9(9;=54B!&$889'B)9;!67G:!

d! =A9!'@%9&=5S9!54!=A9!;)>9(8'=5S9!@9B(99!&'4!>(9&9@9!=A9!3$@5759@!4$)4C!54! IA5&A!&';9!=A9!4$)4!8$;9;!=A9!@975'(=5&89[!+&;(5*3-#"3-;(!-!5/"+",(5/!J)=!#"3-;(!-!5/"+",(5/-+&;(5!=A9!3$;=!54=9(9;=54B!4$S98!

d! =A9!&$3>89394=!$7!=A9!'@%9&=5S9!54!=A9!;)>9(8'=5S9!(98'=5S9!5;!>(9&9@9@!J?!=A9!>(9>$;5=5$4!0!5/+"!IA94!5=!5;!'!4$(!'!>($4$)4!54!=A9!>8)('8C!);)'88?!;A$I54B!=A9!B($)>!$7!A$3$B94$);!$J%9&=;!=A9!3$@5759@!4$)4!J98$4B;!=$[!;(!->*5-0!5/+"-,/*0"5

!!=A9!J9;=!'3$4B!'88!=A9!;=)@94=;C!#"(-;(!->*5

-0!5/+"-5&!!=A9!J9;=!$49!'3$4B!);!

d! =A9! &$3>89394=! $7! =A9! '@%9&=5S9! 54! =A9! ;)>9(8'=5S9! 5;! >(9&9@9@! J?! =A9! >(9>$;5=5$4!0!5!IA94!5=!5;!'!4$)4!$>($4$)4!54!=A9!;54B)8'([!#"3-;(!->*5-0!5-#3(,!=A9!J9;=!$49!54!&8';;!

O+O+P+9+9+''.67'8'>9(G!

O-,#+!,-#"3-;(!-8*!5-!5/"+",(5/-+"


57/194

d! IA94!=A9!&$3>89394=!$7!=A9!'@%9&=5S9!54!=A9!;)>9(8'=5S9!(98'=5S9!5;!'!4$)4!$(!'! >($4$)4!54! =A9!>8)('8C!);)'88;A$I54B! =A9! B($)>! $7! A$3$B94$);! $J%9&=;! =$! IA5&A! =A9! 3$@5759@! 4$)4! J98$4B;! =$C! 5=! 5;! >(9&9@9@! J?!

>(9>$;5=5$4! 0!5/+"[-#"3-;(!-8*!5-(;(>!3-0!5/+"-,/*0"5!! =A9! 89';=! N54@! '3$4B! =A9! ;=)@94=;C! #"(-;(!-8*!5-(;(>0!5/+"-5&!!=A9!89';=!N54@!'3$4B!);!

d! IA94!=A9!&$3>89394=!$7!=A9!'@%9&=5S9!54!=A9!;)>9(8'=5S9!5;!5;!'!4$)4!$(!'!>($4$)4!54!=A9!;54B)8'(C!5=!5;!>(9&9@9@=A9!>(9>$;5=5$4!0!5[!#"3-;(!-8*!5-,!3!/&+-0!5-#3(,!=A9!89';=!A'(@dI$(N54B!54!&8';;!

O+O+P+9+O+''.67'89(8'=5S9!'J;$8)=9!5;!7$(39@!I5=A!@5779(94=!'@S9(J;!>(9&9@54B!=A9!'&=)'8!'@%9&=5S9G!HA9!3$;=!7(9K)94=!'@S9(J!

d! =A9!;='4@'(@!'@S9(J!);9@!=$!7$(3!=A9!;)>9(8'=5S9!'J;$8)=9!5;!'(5;$4[! ,*8"+!&+! ;)>9(5$(C! !59(79&=C!(5/"+!&+!>(9S5$);C!'4=9(5$(C!*3/"+!&+!)8=9(5$(C!(,";"'85N9C!&8/!;!$>=53'8C!*5!#!)45K)9C!,*8+";!;)>(939G!


58/194

O+P+''?)"%"($4$)4;!54!2$3'45'4[!!

! ";=!>9(;! ! "*-! *

4@!>9(;! ! /*-

;54B)8'(! +(@!>9(;! 3';&)8549! "3-! ! 79354549! "(-! "

;=!>9(;! ! 5&!-

! *4@!>9(;! ! 9&!->8)('8! +

(@!>9(;! 3';&)8549! "!-

! ! 79354549! "3"-

HA9!>($4$)4;!"*=,"3=,"(=,5&!=,"!=,"3"!&$((9;>$4@!=$!V=,%"=,,%"=,I"=,/%"GC!J)=!'8;$!=$!;"=,%!;=,%"+=,*,=,/%";C!IA94!)';!4$354'8;!I5=A54!=A9!>(9@5&'=9[!Y*-,*5/K!g=p;!39q!

HA9!>9(;$4'8!>($4$)4;!54!=A9!4$354'=5S9!&';9!'(9!4$=!7(9K)94=8?!);9@!I5=A!=A9!S9(J'8!7$(3;!54!2$3'45'4C!;54&9!>9(;$4!'4@!4)3J9(!'(9!54@5&'=9@!J?!=A9!S9(J'8!7$(3!5=;987G!HA9!>($4$)4!5;!);9@!3'548?!=$!>$54=!$)=!'4!$>>$;5=5$4!$8'?!;>9&5'8!93>A';5;!$4!=A9!;)J%9&=[!!

^*5/-,/*0"5/N!g!'3!'!;=)@94=G!Y*-,*5/-8+&($4$)4;!A'S9!=I$!;9=;!$7!7$(3;!54!=A9!'&&);'=5S9G!HA9(9!5;!'!;9(59;!$7!;=(9;;9@!67)88:!7$(3;C!'4@!'!;9(59;)4;=(9;;9@!6&85=5&:!7$(3;[!

! ! 4$354'=5S9! '&&);'=5S9!

! ! ! ;=(9;;9@!67)88:! )4;=(9;;9@!6&85=5&:!

! ";=! 1*, T8"U-;!5"- ;e-7;M-;7:-;7:-7;7-;54B)8'(! *4@! 6*, T8"U-/!5"- /"e-7/"M-/"7:-7/"7-

+(@!3G! 1+, T8"U-"3- =3e-73M-37M-737-+(@!7G! 1', T8"U-"(- &e-7&:-&7:-7&7-

! ";=!! %"&, T8"U-5&!- 5"e-75"M-5"7:-75"7->8)('8! *4@! 0"&, T8"U-9&!- 9e-79M-97:-97:-797-

+(@!3G! 1&, T8"U-"!- =!e-7!M-!7:-7!7-+

(@!7G! 1+1, T8"U-"3"- 3"e-73"M-3"7M'73"7'

HA9!;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4;!54!=A9!'&&);'=5S9!'(9!'8I'?;!>(9&9@9@!J?!'!>(9>$;5=5$4C!;)&A!';[! 8"-$4'=C!#*!I5=AC!8"-3(!'=C!54C!8"5/+*!7$(C!3)5$!49Z=!=$C!",#-8"-/!5"N-g!8$S9!?$)G!6>(9>$;5=5$4!8"!I5=A$)=!89Z5&'8!39'454BC!3'(N9(!$7!=A9!@5(9&=!$J%9&=:!O;-8'&9!?9;=9(@'?G!


59/194

O+"-#"9(-8"5/+*-;!5"N!V9!c!;A9!A';!;$39=A54B!7$(!39G-Y!-(*-9"5!/-;(!-0"9+";"-0"#)/-5&!N!HA9?!&'39!9'(859(!=A'4!I9!@5@G!Y(-3*!"/"-#*-"3N!UA9!85S9;!I5=A!A53G!

HA9!)4;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4;!54!=A9!'&&);'=5S9!'8I'?;!'&&$3>'4?!'!S9(JG!HA9?!&'4!>(9&9@9!'!S9$(!J9!>(9&9@9@!J?!=A9!S9(J[!!

R3-(/"8!,/*-8"-O50+"!-3(-$(+M!s!\588!?$)!399=!P4@(95!'=!=A9!('58($'@!;='=5$4r!

O/"(8/73, /*- 8"- O50+"!- 3(- $(+:- /"- +&$K, s! M89';9C! 399=! P4@(95! '=! =A9! ('58($'@! ;='=5$4q! 6'7=9(! =A9! 53>9(''775(3'=5S9!$7!=A9!>($4$354'8!S9(J:!

HA9!7$(3;!J9B54454B!I5=A!=7!6=3=,=!:!$&&)(!';!;9>'('=9!I$(@;[!!R3,(5*5!-/*-#-,8/;)5(-9!!/&(+"-(9";-/",/M!s!\588!?$)!=988!A53!=A'=!I9E88!A'S9!'!=9;=!49Z=!I99Nr!!R!-(5*5!-/*-#-(9";-/",/-,8/;)5(-9!!/&(+"M!s!\588!?$)!=988!=A93!=A'=!I9E88!A'S9!'!=9;=!49Z=!I99Nr!!

HA9!;A$(=!9K)5S'894=!7$(3;!I5=A$)=! =7!6I5=A!=A9!=7!985@9@:!'(9!'8I'?;!'=='&A9@!=$!'!S9(J'8!7$(3!J9B54454B!$(!94@54B'!S$I98[!!

V7(!-(5*5(/-0"-/",/M!s!X5@!?$)!=988!=A93!'J$)=!=A9!=9;=r!6=!-.-(!--!7(!:!O5*573-/*-0"-/",/:-/"-+&$K-s!,H988!A53!'J$)=!=A9!=9;=C!>89';9q! 6'7=9(!=A9!53>9('=5S9!94@54B!54!=A9!S$I98! 7[!(5*

.-=3--(5*573:!

HA9!)4;=(9;;9@!>9(;$4'8!>($4$)4;!&$3J549!I5=A!S9(J;!54!@5779(94=!3$$@;C!=94;9;!'4@!>9(;$4;!54!@5779(94=!I'?;G!HJ';5&! &$3J54'=5$4;! I5=A! =A9! >(9;94=! 54@5&'=5S9C! &$3>$)4@! >9(79&=! 54@5&'=5S9C! 7)=)(9! "! 54@5&'=5S9! '4@! >(9;;)J%)4&=5S9! I588! J9! >(9;94=9@! 54! =A5;! &A'>=9(! 6+G,G"G,G:G! `=A9(! >$;;5J89! &$3J54'=5$4;! I588! J9! 54@5&'=9@! I5=A54!;9&=5$4;!=A'=!>(9;94=!@5779(94=!S9(J'8!3$$@;!'4@!=94;9;C!'=!#A'>=9(!,G!

O+P+3+9+9+'.67'D7)8"%$:'D)"%"9(;$4'8! >($4$)4! 5;!'! @5(9&=!$J%9&=! '4@! '! ;)J;=5=)=9! 7$(! 4$)4;! =A'=! @$! 4$=! @9;5B4'=9!A)3'4! J954B;C!

)4;=(9;;9@!7$(3;!$7!=A9!+(@

!>9(;$4!'(9!);9@[!X*5";-0!#!&5(+*3-(!#!N!\9!>)=!=A9!@5&=5$4'(?!A9(9G!R3-8*5";-(!#!N!\9!>)=!5=!A9(9G!X*5";-#(+/"(-8"-;(,N-\9!>)=!=A9!J$$N!A9(9G!\-8*5";-8"-;(,N!\9!>)=!5=!A9(9G!O;-(*1!/-*5-1$&;&/N-\9!A9'(@!'!4$5;9G!W7(;-(*1!/N!\9!A9'(@!5=G!Q&;-#!/!-&-8&"1!"-+&;)5"(,#N!\9E88!(9'@!'!2$3'45'4!>$93G-\-9&;-#!/!N!\9E88!(9'@!5=G-

\A94! J954B! '! @5(9&=! $J%9&=! '4@! '! ;)J;=5=)=9! 7$(! 4$)4;! =A'=! @9;5B4'=9! A)3'4! J954B;C! =A9! )4;=(9;;9@! 7$(3;! $7!>9(;$4'8!>($4$)4!54!'88!>9(;$4;!&'4!J9!);9@C!'8$49!$(!'&&$3>'459@!J?!=A9!9K)5S'894=!7)88!7$(3![!

C-(/"8!M-C-(/"8!-8"-;!5"M!\588!?$)!I'5=!7$(!39!r!R!'=9>5!>9!3549!r!-_"-(,#*3/N-_"-(,#*3/-8"-/!5"N!gE3!85;=9454B!=$!?$)G!

R3-'-&-!*>",#N!R3-!*>",#-8"-"3N-'-\-!*>",#-8"-"(N!g!8$S9!A53!c!A9(G!

H"-(/"8/(!M-H"-(/"8/(!-8"-5&!M!\588!?$)!I'5=!7$(!);!r!Q-(/"8/;N-Q-(/"8/;-8"-9&!N!\9!I588!I'5=!7$(!?$)G!R!-'-3"-(/"8/;N-R!-(/"8/;-8"-"!N-W"-(/"8/;-8"-"3"N!\9!'(9!I'5=54B!7$(!=A93!63';&G!c!793G:!

HA9!;=(9;;9@!7$(3;!'(9!);9@!95=A9(!54@9>94@94=98?C!54!5;$8'=9@!&$4;=()&=5$4;C!$(!7$(!93>A';5;G!\A94!);9@!';!@5(9$J%9&=;!@9;5B4'=54B!A)3'4!J954B;C!=A9!;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4!54!=A9!'&&);'=5S9!'(9!>(9&9@9@!J?!>(9>$;5=5$4!8"! 6=A9! >(9>$;5=5$4!8"! 54! =A5;! ;=()&=)(9! @$9;! 4$=! A'S9! 89Z5&'8! 39'454BC! J)=! $48?! =A9! 7)4&=5$4! $B('33'=5&'8!3'(N9(!$7!=A9!'&&);'=5S9!&';9!$7!>9$>89:C!'4@!'(9!);9@!=$B9=A9(!I5=A!=A9!&$((9;>$4@54B!)4;=(9;;9@!7$(3

s! _"-!*>",#-8"-/!5"N!g!8$S9!?$)!6g!@$4E=!8$S9!;$39$49!98;9:G!s!X"-;!5"-M!s!6X$!?$)!8$S9:!39!r!s!a(:-8"-/!5"-K-^9;C!6g!8$S9:!?$)!q!


60/194

g4!$=A9(!I$(@;C!54!;)&A!;=()&=)(9;!=A9!)4;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4!'(9!(9K)5(9@C!IA589!=A9!>(9;94&9!$=A9!;=(9;;9@!7$(3;!5;!$>=5$4'8G!

O+P+3+O+'.67'4$5&W7'G$87'"F'567'D7)8"%$:'D)"%"8G! *4@! 0"&, 41,0"&, 0, 9&*- 9M-79M-97M'9!M'79!7-+

(@!3G! 1&, 41,1&, J&, 3&+- 3"M-73"M-3"7l-3!:-73!7-

+(@

!7G! 1+1, 41,1+1, +1! - -

d! 54!=A9!+(@!>9(;$4!;54B)8'(!=A9(9!'(9!=I$!;=(9;;9@!@'=5S9!7$(3;C!$49!7$(!3';&)8549!63*!:!'4@!$49!7$(!79354549!6"!:Y!)4;=(9;;9@!7$(3;!'(9!5@94=5&'8!6=!C!7!7:!

d! 54!=A9!+(@

!>9(;$4!>8)('8!=A9(9!5;!4$!B94@9(!$>>$;5=5$4!

HA9!)4;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4;!54!=A9!@'=5S9C!85N9!=A$;9!54!=A9!'&&);'=5S9C!'8I'?;!'&&$3>'4?!'!S9(JS-R;!-(0*#"-a(5-#(+/"(N!X'4!5;!J(54B54B!39!=A9!J$$NG!S-C!7(!-(0*,-#(+/"(M!V'S9!?$)!J($)BA=!39!=A9!J$$Nr!

S-R;!-9(-(0*#"-a(5-#(+/"(N!X'4!I588!J(54B!39!=A9!J$$NG!

HA9!)4;=(9;;9@!>9(;$4'8!>($4$)4;!&$3J549!I5=A!S9(J;!54!@5779(94=!3$$@;C!=94;9;!'4@!>9(;$4;!54!@5779(94=!I'?;G!HJ';5&! &$3J54'=5$4;! I5=A! =A9! >(9;94=! 54@5&'=5S9C! &$3>$)4@! >9(79&=! 54@5&'=5S9C! 7)=)(9! "! 54@5&'=5S9! '4@! >(9;;)J%)4&=5S9! I588! J9! >(9;94=9@!54! =A5;! &A'>=9(! 6+G,G"G,G:G! `=A9(! >$;;5J89!&$3J54'=5$4;! I588! J9! 54=($@)&9@! I5=A54!;9&=5$4;!=A'=!>(9;94=!@5779(94=!S9(J'8!3$$@;!'4@!=94;9;C!'=!#A'>=9(!,G!

HA9!7$(3;!J9B54454B!I5=A!=7!6=;!C!=!C!=!:!$&&)(!';!;9>'('=9!I$(@;[!!S-R;!-"@83!#!-0",8+"-#"-",/"-9&+>(M!s!#'4!?$)!9Z>8'54!=$!39!IA'=!'88!=A5;!5;!'J$)=r!'

HA9!;A$(=!9K)5S'894=!7$(3;!I5=A$)=! =7!6I5=A!=A9!=7!985@9@:!'(9!'8I'?;!'=='&A9@!=$!'4$=A9(!I$(@!=A'=!J9B54;!$(!94@;!54

S$I98[!!C!7(-"@83!#(/-0",8+"-#"-",/"-9&+>(N!V9!9Z>8'549@!=$!39!IA'=!'88!=A5;!I';!'J$)=G!

HA9!7$(3;!5!!6";=!>9(;G!>8G:C!9!!6*4@!>9(;G!>8G:!'4@!3!!6+(@!>9(;G!>8G:!'(9!);9@!54!&9(='54!&$3J54'=5$4;!I5=A!$=A9(!)4;=(9;>9(;$4'8!>($4$)4;!54!=A9!'&&);'=5S9[! 5"-.-=!-6+(@!>9(;G!>8G!3';&G:!-5!7!Y!9-.-3"-6+(@!>9(;G!>8G!793G:!-9!-3"Y!3"-.-=3->9(;G!;54BG!3';&G:!-3!73G!

!!

O+P+3+O+9+'.67'D7)8"%$:'D)"%"($4$)4!54!=A9!@'=5S9!'(9!);9


61/194

R;!-,8*!-(0"9+*3-M!P(9!?$)!=98854B!39!=A9!=()=A!r!R!-0(*-&-#(+/"->*5N!gE3!B5S54B!?$)!'!B$$@!J$$NG!!

HA9!;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4;!54!=A9!@'=5S9!'(9!);9@!54@9>94@94=8?C!54!5;$8'=9@!&$4;=()&=5$4;C!$(!'(9>9=5=5S9!989394=C!7$(!93>A';5;[!

s!R;!-(0*#"-a(5-#(+/"(N!X'4!5;!J(54B54B!39!=A9!J$$NG--s! !"M!H$!?$)r!R;!-(0*#"-#(+/"(-;!":-5*-!"K!V9E;!J(54B54B!=A9!J$$N!=$!39C!4$=!=$!?$)!q!

\A94!=A9!;=(9;;9@!7$(3;!$7!=A9!>9(;$4'8!>($4$)4;!54!=A9!@'=5S9!'(9!);9@C!=A9!@$)J89!9Z>(9;;5$4!$7!=A9!54

Com Prom Gram

Documents

Transcript of Com Prom Gram