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;\gef S hx hg S V Ua fda V g\a bSdS d
V . S/ U B UgS Va e Sbd[ fS
[d f )
=a bdg T cg S bd e[ e[ g
e[ Va V 0 U B- UgS Va a
e Sbd[ fS I??I%)

GR_aPV NQ R_ P \VReN R I

N d S [ SVad Ua b[ lS M e g V[ebae[f[ha Ux [Ua cg gf[ [lS

hx hg Se bSdS d g Sd g\a V Se Ua bd[ [Va V[d[ [Va SU[S bSU[ f
@[ gdS /)4%) L[ [ Sd S S Ta eS [ SVS bad g\a' V[ebae[f[ha d cg[ d
g S g f V Se Ua bd[ [Va) L SV [ [efdS g S d eb[dSU[ geS Va g V Va bSdS
aU g[d k [T dSd S f d Sf[hS f g S ST dfgdS V eUSb V Se S bSdf egb d[ad
V S fSbS V S b[ lS M) =gS Va e aU gk S ST dfgdS' Se e V[d[ S fdShye V
V[ebae[f[ha k SU[S T Ty) =gS Va e eg fS S ST dfgdS' eS S aV Se S fdShye
V fSb ) ES bae[U[ k g U[ V ae V[S e V Ua fda V d S [ SVad Ua b[ lS
M bg V hSd[Sd e STd[US f ) ? g U[a S [ fa V g \ b a e V eUd[T S
Ua f[ gSU[ )

ES fSeS V h f[ SU[ efx V f d [ SVS bad S d Ug U[S Ua S cg aU gk S

ST dfgdS V S fSbS k f[ ba V [ SVa efx Ua fda SVa bad f[ ba cg S
ST dfgdS efx aU g[VS)

BSk - V[S e V Ua fda cg e gf[ [lS bSdS [ [fSd S bd e[ V

[ SVa) aebd e[ xj[ S V [ SU[ ? Ua fda [ [fS S bd e[
xj[ S VgdS f USVS d eb[dSU[ Se[ef[VS) aebd e[ xj[ S
Ua fda V S [h[a e g S USdSUf dzef[US V e gd[VSV' e[ [ Sd S S hx hg S V e gd[VSV
g S Ta eS Sgfa[ ST ' cg h[fS cg gegSd[a Sg f S bd e[ xj[ S xe S x
V g hS ad bd efST U[Va) ?ef V[S V Ua fda bg V efSd UgT[ dfa bad g bdaf Ufad
jfdSzT )

N V[S S\gefST S fSbS V S b[ lS M Ua fda S S US f[VSV V Se cg e

b d [f eUSbSd fd d eb[dSU[a e k' bad a fS fa' S\gefS S I??I k S =I;I)

N S fda [ UadbadSVa [V [ SVa k S bd e[ eb[dSfad[S)

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@[ dS a ?d e /)4) N \ b a V d S [ SVad Ua b[ lS M ;%) ES bd e[ V d S [ SVad Ua b[ lS M e Ua fda S V[S f

hx hg Se S\gefST e) ICI e S\gefS V[S f g V[S S xcg[ S <% k I??I e Ua fda S V[S f g V[S S fSbS V S b[ lS M =%)

E aRON QR a RN V NQ P \VReN R I Qa N R N bR VSVPNPVo QR R aV\ d N R_ QR _a a_

< acg S SeUSd[ S a S eS [VS V Se Ua S bS S V eg S a a Ua S fSbS V

aU ge[ ) Id[ da V \ ST[ dfS S ST dfgdS V S fSbS V S b[ lS Mk g a aU gkS
S ST dfgdS Ua V Va @[ gdS /), %)

E aRON QR a RN V NQ P \VReN R I
< acg S SeUSd[ S a S eS [VS V Se V S L[ S bd e[ a e Uadd UfS'
b[ lS M e[ aTefdg[d S ST dfgdS V S fSbS u?efx e SVS S eS [VS V Se V S b[ lS M9
V S b[ lS M)
u? fgTa V Se efx Ua UfSVa S S
uES I??I 0U B 9 fdSVS V Se9

HU gkS S ST dfgdS V S fSbS V S b[ lS u?efx g\a V Se [\SVa , E* [ 9

M) u?efx V eUa UfSVS S eS [VS V

uL S bd e[ xj[ S - SefS Se bdaj[ S %9
-0 U B- 9 uES bd e[ xj[ S V U[dUg[fa' ICI a I??I
efx Ua [ gdSVS [ Uadd UfS f 9

h9a R_ _ N_ V QVPNPV R_ QR N bR V NPVo P \ R_Vo \ _V VbN6

ebgye V Ua b fSd ae bSeae [ [U[S e' e [ V[US IIO e[ T Ty a d eb[dS Sb [Ua%'

H e[ T Ty efx \SV S Va' H e[ S d Ug U[S USdVzSUS V T Ty e [ d[ad S , b
@[ gdS /),,%) =gS Va efy [ V[USVa' S OII V T [ [U[Sde b Sla V , [ gfa
V ebgye V SU[ [ fa)
@[ dS a gd /) , H) Idg TS V g d S [ SVad
Ua b[ lS M

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d Ug U[S USdVzSUS e Skad a [ gS S , b ' b da S eSfgdSU[ V ajz aV
T Ty a e bg V S f dV fda V dS a aT\ f[ha S b eSd V g\a [Td V
ajz a a =I;I)

EVQN NdaQN QR V RQVN _V R_ _ Lg Se[ef f e%

Ua fda S d ebg efS V S d Ug U[S USdVzSUS S S OII' aTe dh ah[ [ fa V
b U a' Ua fda S eSfgdSU[ V ajz aV T Ty Ua aj[ fdzS V bg ea k VaUg f
ae h fae S V[VS cg aUgdd )

h9o _R \ R\N N \N N P R eN N bR V NPVo P \ R_Vo \ _V VbN6

9 o aR_R R R PN R NQ NQVN R

ES b dea S d eba eST V Ua aUSd S hzS Syd S k eg\ fSd S SeUSd[ S S

USdS V T Ty e Ua aUS S UST lS V T Ty @[ gdS /),-%) ?e V[ zU[ S f d
S UST lS' Ug ak S SeUSd[ S S bae[U[ Uadd UfS UgS Va e efx V
b[ S SVa a S b[ V S US S) F[ Tdae V cg[ba
SVa V S US S efx \ad bae[U[a SVae bSdS hS gSd ah[ [ fa V b U a' eUgU

S S d Ug U[S USdVzSUS k ae ea [Vae d eb[dSfad[ae' k SkgVS Ua S Ua aUSU[ V

bg e[ajz fda k V a [fad USdVzSUa)

9 \R R _ \N_ _ V VPVN R_ QR PaVQNQ QR RPVl NPVQ

L[ S a a S U a' egUU[a S TaUS k S Sd[l bSdS Se gdSde V cg Se

e Ud U[a e a aTefdgkS S OII)

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<g fa a9
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UST lS V T Ty bSdS bdabadU[a Sd a Sf a
h f[ SU[ Se[ef[VS)

21
9 aR N PNOReN d R PaR QR OROl \N N
bR V NPVo P \ R_Vo \ _V VbN

ES UST lS k Ug aV T Ty V T Ua aUSde S z S
V[S k gfdS' a [ dS f jf V[VS' S bae[U[ V
a Sf a' V
V[d UfS f
aVa cg
SU[S
ae a\ae V T Ty e V[d[\S
f U a @[ gdS /),.%) ES Ua aUSU[ d
[ Uadd UfS e g S V Se dSla e xe Ua g eV g S
h f[ SU[ Ua SeUSd[ S [ [USl) ES hzS Syd S e aTefdg[dx e[
Ug a efx jU e[hS f j[a SVa a jf V[Va) Iadcg
S bSdf V Sfdxe V S UST lS V g d U[y SU[Va @[ gdS /) ,/) a a V a Tda gf[ [lSVa bSdS bae[U[a Sd S
aUU[bgU[a% e bda [ f ' bg V e d f[ hS fSd g baUa UST lS k Ug a)
ae a Tdae Ua aUS Va g S faS S da SVS a g S S fS
b cg S V TS\a V ae a Tdae V T Ty @[ gdS /),/%)

h9o _R P PN N N_PN V N R N PN N QR OROl6

HR RPPV R N N_PN V N P RP N

T ST d g S hSd[ VSV V fS S ae V SeUSd[ Se V[eba [T e USVS bSdfa) ESe

xeUSdSe a SfS e f[ g TadV SUa U SVa a T S Va k j[T k g Ua a -
ad Se5 ad S S Sf [US k d Va VS @[ gdS /),0%) ESe xeUSdSe V ad S S Sf [US e
Ua aUS Ua S bSdf bg f[S gVS V S xeUSdS eaTd S Sd[l) ES SeUSd[ S V T
V eUS eSd eaTd S TSdT[ S k UgTd[d S TaUS k S Sd[l' b da a ae a\ae) ES SeUSd[ S
Uadd UfS Ud Sdx g e a d yf[Ua S USdS) L[ TadV V g S SeUSd[ S SUa U SVS
efx [ SVa [ Uadd UfS f ' bg V e d V[ zU[ a dSd g Tg e SVa)

9 aR N N_PN V N R N PN N QR OROl

?e U eSd[a g e a d yf[Ua fd TadV V S SeUSd[ S k S USdS bSdS

a dSd S bd e[ cg [ Sdx ae bg a e) ES h f[ SU[ af Vdx yj[fa e[ Sk
g S dS g S V S[d V g S SeUSd[ S Ua aUSVS [ Uadd UfS f )

:
@[ dS a g d /), 0) FxeUSdSe S Sf [USe ;% k d Va VSe <% V fS S a Uadd Ufa

//
LcRUfT U UV] _ ]rd R] VdaRt ] ' hhh( _] _VU TecR_d]Re c(T

: RccV T _ f_R R_

x< V_TV T ] TR_U ]R SRcS ]]R V_ ]R aRceV _ Vc c UV f_R qdTRcR R_Reu TR j

]fV T ] bfV ]R qdTRcR d ScV ]R S TR j ]R _Rc k ? fcR .( 0%(

x DR aRceV _ Vc c UV ]R qdTRcR UVSV UVdTR_dRc d ScV ]R SRcS ]]R& _ UVSR[ UV V]]R( DR

af_eR UV ]R RdTRc ]]R UVSV UVdTR_dRc V_ [fde UVSR[ UV] afV_eV _RdR] aRcR Vg eRc
V[VcTVc acVd u_ d ScV ] d [ d UV] SVSr TRfdRc f_R f R cR_UV R]cVUVU c UV ] d [ d(

x deV_ R ]R RdTRc ]]R d ScV ]R TRcR T _ V] af] Rc j V] s_U TV

c UVR_U V] S cUV(
x < ] bfV ] d ec d - UVU d UVSR[ UV] q_ f] udV UV ]R R_UsSf]R j ]VgR_eV
dfRgV V_eV ]R R_UsSf]R RT R ]R qdTRcR(

x M_R gVk T ] TRUR ]R RdTRc ]]R& dV afVUV c Rc f_ dV]] Vc re T Ra] TR_U f_R
acVd u_ f_ c V RT R RSR[ V_ V] S cUV UV ]R RdTRc ]]R V_ecRd dV R_e V_V ]R
TRSVkR V_ ]R a d T u_ UV ] ReV ? fcR .( 1%(

:] f_ d Rd] d% cVU _U d Vdeq_ U dVtRU d aRcR T ] TRcdV U cVTeR V_eV d ScV ]R

_Rc k j ]R S TR j R_eV_VcdV V_ df ]f Rc a c V] gqdeR V_ ]f Rc UV] S cUV ? fcR
.( 2%( Ra] TR acVd u_ V_ V] S cUV UV VdeV e a UV qdTRcR& ]R c R UV ]R qdTRcR
dVcq UV c RU j eV_Ucq f Rd(

XVdaP , ). :% < ] bfV ]R SRcS ]]R V_ ]R qdTRcR R_Reu TR( ;% < ] bfV ]R RdTRc ]]R d ScV ]R S TR j ]R _Rc k(

XVdaP , ) / ER_eV_Vc f_ dV]] T _ V] R RccV T _ f_R R_ fdR_U XVdaP , ) 0 ER_eV_Vc f_ dV]] T _ V] R RccV T _ f_R R_
f_R qdTRcR R_Reu TR df[VeR_U d ] V] eR]] UV f_R qdTRcR cVU _UR

/0
: RccV T _ U d R_ d T _ V af[V UV R_UsSf]R

HfVUV cVdf]eRc U sT ] R_eV_Vc f_ SfV_ dV]]RU j ]R a d T u_ T ccVTeR UV ]R TRSVkR T _

f_R R_ ( _ afVUV ] cRc f_ SfV_ dV]]RU & fdV R SRd R_ d aRcR d deV_Vc ]R
qdTRcR j ]VgR_eV ]R R_UsSf]R(

x Me ] TV V] af] Rc j V] s_U TV UV R SRd R_ d aRcR d deV_Vc ]R RdTRc ]]R

T _ecR ]R TRcR(

x < ] bfV ] d ec d - UVU d UV TRUR R_ UVSR[ UV] q_ f] udV UV ]R

R_UsSf]R j ]VgR_eV dfRgV V_eV ]R R_UsSf]R RT R ]R qdTRcR ? fcR .( 3%(

x E V_ecRd fdeVU dV T _TV_ecR V_ RTVc f_ SfV_ dV]]RU j R_eV_Vc ]R a d T u_

T ccVTeR UV ]R TRSVkR V_ ]R ]s_VR VU R& ec V Sc UV] Vbf a dV aRcR R]
]RU UV] SVSr j Rac VeR ]R S ]dR f T]fjV ]R eRaR UV ]R a VkR V_ L(

x M_R eVcTVcR aVcd _R _ e cVR ]R cVdafVdeR UV] SVSr(

? cR fcV .( 3( :d V_e T _ U d R_ d T _ V af[V UV R_UsSf]R( M_ Rd deV_eV ] SVcR V] R] V_e (

EaTRPdRX Tb

V UVSV eV_Vc Tf URU R] d deV_Vc ]R qdTRcR(

xF ReRdbfV ]R RdTRc ]]R V_ ]R TRcR _ T]fjR ] d T _UfTe d _RdR]Vd( =V Rd RUR

acVd u_ afVUV Sdecf c ]R RdTRc ]]R& RTVc bfV V] R cV dV ]ecV a c V] T deRU UV ]R
RdTRc ]]R& ]Vi _Rc _RUgVce UR V_eV V] TfV]] UV] SVSr R f]]Rc ]R TRcR(

x LV_ R Tf URU UV _ Ra jRc ]R R_ d ScV ] d [ d UV] SVSr(

x LV_ R Tf URU UV _ T ac c V] eV[ U S]R_U UV] TfV]] UV] SVSr(

x NfV]gR R gVc TRc ]R a d T u_ UV ]R RdTRc ]]R j ]R TRSVkR UV] SVSr R _eVcgR] d aRcR
RdV fcRcdV UV bfV Rv_ Vder_ T ] TRURd T ccVTeR V_eV(

/1
 lFdp R RT caPRXs ST gqVT bT STQT dcX XiPa _PaP X XRXPa P
'x eT cX PRXs R _aTbXs _ bXcXeP5
ea V
( 4(( Q

D d VdefU d R_ UV decRU bfV ]R cVR_ RT u_ T V_ku T _ , ! UV is V_ V_

777 '4 l
cVT r_ _RT U d R erc _ j acV Refc d eRcUs d& j , ! R - ! UV is V_ V_ cVT r_
_RT U d acV Refc d& Vd eR_ V TRk T ]R cVR_ RT u_ T V_ku T _ !
is V_ ( HRcR Vbf ] ScRc ] d aV] c d a d S]V V_eV Rd T RU d T _ ] d ViecV d UV
i V_RT u_& VdeV ac cR R cVT V_UR _eV_eRc R_eV_Vc f_R dRefcRT u_ UV is V_ &
VU UR T _ i VecsR UV af]d & TVcTR_R R ]R dRefcRT u_ VU UR V_ SVSrd dR_ d _RT U d R
erc _ ( :_eVd UV] _RT V_e & V] Ve e V_V f_R dRefcRT u_ UV is V_ V_ dR_ cV UV
Rac i RUR V_eV V] 0 !( =Vdafrd UV] _RT V_e & ]R dRefcRT u_ UV is V_ Rf V_eR
cRUfR] V_eV a c V_T R UV] 3 !( _ V SRc & _T]fd ] d cVT r_ _RT U d R erc _ dR_ d
? cR fcV .(, ( <RfUR]s Vec kbf VcUR% afVUV_ eRcURc _fe d qd V_ R]TR_kRc VdeR dRefcRT u_(
R[fdeRU R GD ) _( :[fdeV ]R ] TfRU cR R]
? UVdVRU ,(
x HRcR ]R cVR_ RT u_ _ T R] UV cVT r_ _RT U d BPh a dp XVdP P -
bT P Pb ST VTbcPRXs a _Vc ]R ] TfRU cR V_ )! gqVT ? fcR .(, %(

IPQ P , v )x HPcdaPRXs ST gqVT x HRcR ]R cVR_ RT u_ _ T R] UV cVT r_ _RT U d T b dT - bT P Pb ST

_aTSdRcP QYTcXe VTbcPRXs a _Vc ]R ] TfRU cR V_ )! P ( ST gqVT

DgqVT QYTcXe x H _ R V] TRfUR]s Vec V_ )( ' X dc ? fcR .(, %(

IPQ P ST bPcdaPRXs
x M_ Rd deV_eV UVSV T ] TRc f_ dV_d c UV is Vec UV af]d V_ ]R R_ ftVTR UVcVT R
) _ 0 ! '0/! eR_ ac _e T dVR a d S]V UVdafrd UV bfV dV _ T V ]R NHH( M_R gVk bfV V] is Vec UV
, _ 0/! '1 ! af]d Vder ]VjV_U UV R_VcR T _ RS]V& T aRcV ]R dRefcRT u_ UV is V_ acVUfTeR] UV]
- _ 1 ! '1/! SVSr T _ V] cR_ UV gR] cVd S[Ve g cVdf U d V_ ]R LRS]R .' j R[fdeV V] ? , dV v_

. _ 1/! '2 ! dVR _VTVdRc (

/ _ 2 ! '2/!
)G _ 2/! '3/!
lFdp cPbP ST eT cX PRXs bT STQT dcX XiPa SdaP cT P eT cX PRXs R
DgqVT X XRXP
8 RT caPRXs _PaP EEK _aTbXs _ bXcXeP5

, 444-/ dV R_Rd UV : , ! is V_
DRd cVda cRT _Vd UVSV_ RU _ decRcdV R f_ c e UV ,( P .( aTb_XaPRX Tb _ a X dc
3 -/ dV R_Rd UV : , ! '- !
is V_ x <fV_eV V_ g k R]eR aRcR RjfURc R R_eV_Vc V] c e T ccVTe (

x MdR V] c e & GTb_XaPa U d ecVd5 aTb_XaPa U d ecVd5 aTb_XaPa

U d ecVd4
x = R JVda cV V_ecRd Rac VeR ]R S ]dR f T]fjV ]R eRaR UV ]R a VkR V_ L j
dfV]eV V_ecRd U TV U d& ecVd4

l8do cP _aTbXs bT STQT dcX XiPa _PaP X XRXPa P eT cX PRXs R _aTbXs

_ bXcXeP5

=Vdafrd UV] _RT V_e & V] ]sbf U af] _Rc VeR] UV_ec UV ] d R]gr ] d UVSV cVV a]RkRcdV T _

R cV aRcR bfV dV ac UfkTR V] _eVcTR S UV RdVd( V] SVSr _ R cVda cRU

Vda _eq_VR V_eV& ]Rd ac VcRd cVda cRT _Vd Rd de URd afVUV_ cVbfVc c f_R acVd u_ qd R]eR

bfV ]R RS efR] aRcR dRTRc V] ]sbf U UV ] d VdaRT d UV R cV V _ ]Rc ] d R]gr ] d(

0(
 _ V SRc & ] d g ]v V_Vd af] _RcVd ViTVd gR V_eV R]e d j ]Rd acVd _Vd UV ]Rd gsRd cVda cRe c Rd

afVUV_ TRfdRc ]Vd _Vd af] _RcVd( >] S[Ve g Vd fe ] kRc ]R acVd u_ df T V_eV aRcR _ ]Rc j R cVRc ] d

af] _Vd UV U bfV Rf V_eV_ ]R cVTfV_T R TRcUsRTR j ]R dRefcRT u_ UV is V_ TfRUc .',%(

x > a VTV T _ f_ E E ST ( P ,/ R = (

x D d SVSrd _RT U d R erc _ afVUV_ cVbfVc c f_R acVd u_ UV _ ]RU qd R]eR UfcR_eV ]Rd

ac VcRd cVda cRT _Vd aRcR _ ]Rc dfd af] _Vd( =Vdafrd UV ]Rd cVda cRT _Vd _ T R]Vd UV

_ ]RU & Vd a d S]V bfV afVUR U d _f c ]R acVd u_ UV _ ]RU (

x DR RU _ decRT u_ UV H>>H T _ ]Rd cVda cRT _Vd _ T R]Vd UV _ ]RU RjfUR R ] cRc
f_R _ ]RT u_ af] _Rc VdeRS]V qd cqa UR V_eV& V] _Rc V] ]sbf U j Vg eRc bfV
] d VdaRT d UV R cV T ]RadV_ UfcR_eV ]R Vi R]RT u_( 8dP S bT dbP E::E T
PYdbcT X XRXP bdVTaXS Tb - R = (

M_R gVk bfV _ ]V ] d af] _Vd& UVSVcsR gVc f_ dfRgV RdTV_d j UVdTV_d UV
V] aVT T _ TRUR cVda cRT u_( V] SVSr aRcVTV VdeRc cVda cR_U fj
ac f_UR V_eV UfcR_eV ]R NHH& ac SRS]V V_eV Vder V[VcT V_U UV Rd RUR acVd u_ j
] d af] _Vd afVUV_ _ ]RcdV UV Rd RU ( >de Rf V_eR V] c Vd UV ac UfT c f_R
f R UV R cV UV_ec UV] af] u_ _Vf eucRi%( JVTfVcUV bfV V] g ]f V_ UV f_R
cVda cRT u_ _ c R] Vd fT V_ c bfV ]R TR_e URU UV Rd V_ f_R S ]dR UV
cVR_ RT u_ esa TR(

V] SVSr Vd acV Refc & ]R VgR]fRT u_ g dfR] UV] g V_e UV] aVT afVUV dVc V_ d
T _ RS]V j afVUV RSVc f_ Rj c c Vd UV ]Vd _Vd a c d ScV _df ]RT u_(
>d a d S]V ] cRc f_R gV_e ]RT u_ Vi e dR d _ f_ g V_e RaRcV_eV UV] aVT (
>_ ]R DVTT u_ 2 dV _T]fjV_ UVeR]]Vd RU T _R]Vd d ScV Tu ac a cT _Rc
gV_e ]RT u_ Rd de UR R ] d cVT r_ _RT U d acV Refc d(

IPQ P ,% 6YdbcTb X XRXP Tb _PaP P eT cX PRXs R _aTbXs _ bXcXeP

8 _ T cT 8 UXVdaPRXs X XRXP

< _TV_ecRT u_ UV is V_ 8 -/ dV R_Rd UV VdeRT u_ , !

6 -/ dV R_Rd UV VdeRT u_ , ! '- !

?]f[ UV Rd GD) _fe

Jfe _R . '0 cVda cRT _Vd ) _fe

H>HBL: , ',/ T UV R]efcR,

EBJ:J ?MJLBN:E>FL> /T UV R]efcR,

l8s TeP tP P aTb_dTbcP ST QTQp P P

eT cX PRXs R _aTbXs _ bXcXeP5

>] _U TRU c qd a ceR_eV UV f_R NHH Vi e dR Vd f_ Rf V_e UV ]R cVTfV_T R

TRcUsRTR( <fR_U T V_TV ]R NHH& f_ Rd deV_eV T _ec ]Rcq ]R cVdafVdeR UV ]R cVTfV_T R
TRcUsRTR UV] SVSr( DR VgR]fRT u_ _ T R] UV ]R cVTfV_T R TRcUsRTR dV afVUV cVR] kRc T _
f_ VdeVe dT a M_R gVk bfV T V_kR ]R NHH& f_ Rd deV_eV UVSV Ra] TRc f_ dV_d c UV
is Vec UV af]d aRcR VgR]fRc T _e _fR V_eV ]R dRefcRT u_ UV is V_ UV] SVSr(

0)
 j cVTfV_T R TRcUsRTR( V afVUV T _d UVcRc ]R _ e c kRT u_ T _e _fR T _ f_ _e c
TRcUsRT ( ]R NHH dV _ T u a cbfV V] SVSr eV_sR f_R cVTfV_T R TRcUsRTR SR[R& UVSVcsR
V[ cRc cqa UR V_eV(

x =V_ec UV ] d / dV f_U d a deVc cVd R] _ T UV ]R NHH& ]R cVTfV_T R TRcUsRTR UV] SVSr UVSV

_ (
x x
_TcVRd

x =V_ec UV ] d - dV f_U d a deVc cVd R] _ T UV ]R NHH& ]R cVTfV_T R TRcUsRTR UV] SVSr UVSV

dfaVc c R Sa (

V] SVSV Vd P UaTRdT RXP RPaSqPRP Tbco Pd T cP S UVdafrd UV ] d ac Vc d / dV f_U d&

T _e _vV T _ HHN( NVc TRcq ]R cVdafVdeR _fVgR V_eV UVdafrd UV - dV f_U d UV HHN(

V] SVSV Vd P UaTRdT RXP RPaSqPRP Pd T cP UVdafrd UV ] d ac Vc d / dV f_U d&

acV v_eV]V R df Rd deV_eV d V] T cV dV Vdeq g V_U (

x HX T R UaT bT dTeT T _e _vV T _ ]R NHH V_ecRd dfaVcg dR df erT_ TR UV

gV_e ]RT u_( NVc TRcq ]R cVdafVdeR UV] SVSr _fVgR V_eV UVdafrd UV -
dV f_U d UV NHH(

x HX T R UaT CD bT dTeT Vd a d S]V bfV _ Vder gV_e ]R_U ] d af] _Vd UV] SVSr(
JVR] TV ] d aRd d T ccVTe g d UV gV_e ]RT u_ bfV dV UVdTc SV_ R T _e _fRT u_ RdeR
bfV ] cV V] g V_e UV] aVT T _ NHH(

lFdp b b BG lEPb b R aaTRcXe b ST eT cX PRXs HDE65

D d aRd d T ccVTe g d UV gV_e ]RT u_ d _ f_R dVc V UV R[fdeVd bfV cVR] kRcq d ]R
cVTfV_T R TRcUsRTR UV] SVSr _ V[ cR j V] aVT _ dV fVgV( DRd cRk _Vd qd
ac SRS]Vd UV f_R gV_e ]RT u_ T _ RdTRc ]]R _V TRk d _ f Rd R]cVUVU c UV ]R
RdTRc ]]R& SdecfTT u_ UV ]Rd gsRd cVda cRe c Rd j gV_e ]RT u_ _df T V_eV(

IPQ P ,% : BG EPb b R aaTRcXe b ST eT cX PRXs HDE6

EPb R aaTRcXe 8 _ acP XT c

B:IGD :[fdeV UV RdTRc ]]R( NfV]gR R Ra] TRc ]R RdTRc ]]R j ]VgR_eV ]R R_UsSf]R RT R RUV]R_eV( < _d UVcV V] R RccV UV , R_ d(

G NfV]gR R T ] TRc ]R TRSVkR j V] TfV]] ( < ] bfV ]R TRSVkR _VfecR ] VcR V_eV VieV_U UR(

9p - aTb_XaPRX Tb h TeP tT T eX XT c ST _TR HX bT dTeT T _TR bXVP b bXVdXT cTb _Pb b

fTT _V ]R S TR j ]R _Rc k( Me ] TV f_R aVcR UV R f_ TRereVc UV dfTT u_(

G :ScV ]R S TR( MdV f_ UVU aRcR RSc c dfRgV V_eV ]R S TR(

9p - aTb_XaPRX Tb h TeP tT T eX XT c ST _TR HX bT dTeT T _TR aTP XRT T bXVdXT cT _Pb
E6<:f V_e UV acVd u_( :f V_eRc V_ /' G T A _TcV V_e d RdeR ]R acVd u_ qi R cVT V_URUR(
x Eqi( . T UV R]efcR, erc _

x ERi - T A, acV Refc

9p - aTb_XaPRX Tb h TeP tT T eX XT c ST _TR HX bT dTeT T _TR aTP XRT T bXVdXT cT _Pb

6 NsR RrcVR R]eVc_Re gR( B_dVceV f_R qdTRcR ]Rcs_ VR f_ efS V_U ecRbfVR](

EadTQT P KEE h TeP tT T eX XT c ST _TR h b adXS b aTb_XaPc aX b

0
acVd u_( D d aRd d T ccVTe g d UV gV_e ]RT u_ RS cUR_ Vde d
ac S]V Rd T f_Vd j dV cVdf V_ V_ ]R LRS]R .'-(

'
HfVUV fe ] kRc V] EJ( E_V u_ T GH: aRcR cVT cURc ] d 0 aRd d V_ cUV_(
&
x :[fdeV UV RdTRc ]]R(
&
U '

x NfV]gR R T ] TRc ]R TRSVkR j V] TfV]] (

x fTT _V ]R S TR j ]R _Rc k(
x :ScR ]R S TR(
XVdaP , ) x _RUVTfRU
x :f V_e UV acVd u_( >] dV]]RU UV ]R RdTRc ]]R V_ ]R TRcR
afVUV cVdf]eRc V_ f_R gV_e ]RT u_
x NsR RrcVR R]eVc_Re gR(
_V TRk( >d T v_ ]R f R UV R cV V_ecV
JVR] kRcq ] d aRd d T ccVTe g d dVTfV_T R] V_eV RdeR bfV ] cV V] g V_e ]R V[ ]]R j V] afV_eV UV ]R _Rc k(

UV] aVT T _ cVda cRT _Vd Rd de URd(

6YdbcT ST PbRPaX P

NfV]gR R Ra] TRc ]R RdTRc ]]R V_ V] c dec aRcR c Rc f_ V[ c dV]]RU ( D d _U TRU cVd UV
f_ SfV_ dV]]RU V_ecRd dV fdR f_ cVR_ RU c T _ a VkR V_ L j f_R S ]dR UV _ ]RU a c
]f[ _T]fjV_ ] cRc V] HBH UVdVRU & R_eV_Vc V] H>>H UVdVRU V_ V] R_u Vec j g ]gVc R
_ ]Rc cqa UR V_eV f_R S ]dR UV _ ]RU a c ]f[ V_ecV cVda cRT _Vd(

x Rj f_R f R& ]VgR_eV ]R R_UsSf]R RT R Rcc SR aVc _ acVd _V T _ fVckR ]R TRcR

UV] SVSr( >d a d S]V bfV UVSR V[VcTVc f_ a T qd UV acVd u_ d ScV V] S cUV UV f_R
qdTRcR R_Reu TR(

x >] ]f Rc qd T v_ aRcR bfV TfccR f_R f R Vd V_ecV ]R V[ ]]R j V]

afV_eV UV ]R _Rc k ? fcR .(, %(
x T _e _vR eV_ V_U U Tf]eRUVd aRcR ] cRc f_ dV]]RU Vc re T & fdV V]
6bX XT c R P b UVdTc e R_eVc c V_eV(

KdT eP P R RPa P RPQTiP h T RdT

DR gsR RrcVR afVUV VdeRc Sdecf UR a cbfV V] TfV]] Vdeq UV Rd RU ]Vi _RU RT R RUV]R_eV

UV Rd RU VieV_U U ( NfV]gR R T ] TRc ]R TRSVkR j V] TfV]] UV] SVSr aRcR RdV fcRcdV UV bfV Vder

V_ ]R ]s_VR VU R j _VfecR] ] VcR V_eV VieV_U U ]R a d T u_ UV ] ReV %(

M_R gVk bfV RjR R[fdeRU ]R RdTRc ]]R j RjR cVa d T _RU ]R TRSVkR j V] TfV]] &
gfV]gR R _eV_eRc ]R NHH j VgR]vV V] g V_e UV] aVT ( V] T cV _ dV fVgV&
T _e _vV T _ ] d d f V_eVd , aRd d T ccVTe g d(

HdRRX T P Q RP h P PaXi

fTT _V ]R S TR j ]R _Rc k T _ f_R aVcR( DRd gsRd cVda cRe c Rd afVUV_ VdeRc S] bfVRURd a c
dVTcVT _Vd VdaVdRd( >_ d efRT _Vd _fdfR]Vd& ]Rd dVTcVT _Vd VdaVdRd afVUV_ VdeRc
S] bfVR_U ]R ecqbfVR j afVUV dVc _VTVdRc R ]R _efSRT u_ ecRbfVR] aRcR dfTT u_(

0
 6QaT P Q RP
:Sc c ]R S TR UV] SVSr afVUV U d _f c ]R cVd deV_T R R] ]f[ UV R cV UfcR_eV ]R
NHH( MdV df UVU aRcR RSc c ]R S TR UV] SVSr j gfV]gR R Ra] TRc ]R RdTRc ]]R(

=Vdafrd UV dfTT _Rc ]R S TR j ]R _Rc k j RSc c ]R S TR& _eV_eV

NfV]gR R cVR] kRc ]R NHH j VgR]vV V] g V_e UV] eucRi( V] T cV Rv_ _ dV fVgV&

T _e _vV T _ V] d f V_eV aRd (

6d T c ST _aTbXs

:f_bfV e V_V f_ dV]]RU RUVTfRU j f_R gsR RrcVR RS VceR& _ ]Rc ] d af] _Vd UV]
SVSr afVUV cVbfVc c f_R acVd u_ UV _ ]RU qd R]eR(

x Me ] TV V] R_u Vec aRcR f Rc ] d R[fdeVd UV ]R acVd u_ UV _ ]RU (

:f V_eV ]R acVd u_ UV / R T A, _TcV V_e d RdeR ] cRc V]
g V_e UV] aVT (
x DR acVd u_ qi R cVT V_URUR T _ gV_e ]RT u_ T _ RdTRc ]]R Vd
. T UV R]efcR, aRcR f_ cVT r_ _RT U R erc _ j- T A, aRcR f_ cVT r_ _RT U acV Refc (

=Vdafrd UV TRUR Rf V_e UV acVd u_& gfV]gR R _eV_eRc ]R NHH j VgR]vV V]

g V_e UV] aVT ( V] aVT _ dV fVgV T _ ]R acVd u_ qi R
cVT V_URUR& T _e _vV T _ V] d f V_eV aRd (

KqP PpaTP P cTa PcXeP

DR gV_e ]RT u_ T _ RdTRc ]]R _ d V acV Vd df T V_eV aRcR _ ]Rc ] d af] _Vd( R
T a]VeRU ] d ac Vc d / aRd d T ccVTe g d j Rv_ _ afVUV ] cRc V] g V_e
UV] aVT & UVSV _dVceRc f_R gsR RrcVR R]eVc_Re gR& T f_R qdTRcR ]Rcs_ VR f_
efS V_U ecRbfVR]( M_R gVk bfV dV _dVceR f_R gsR RrcVR R]eVc_Re gR& T V_TV ]R NHH
j VgR]vV V] g V_e UV] aVT UV] SVSr j ] d d _ U d cVda cRe c d( >_ VdeR ]VTT u_
dV _T]fjV_ _decfTT _Vd aRcR _dVceRc f_R qdTRcR ]Rcs_ VR( DR _efSRT u_
V_U ecRbfVR] dV RS cUR V_ ]R DVTT u_ /(

: _TR ST QTQp R T is P eTabT STb_dpb ST d ST b _Pb b

R aaTRcXe b ST eT cX PRXs l6 aP dT PRTb5

M_R gVk bfV ] cV V] g V_e UV] aVT T _ TRUR cVda cRT u_ Rd de UR& R_f_T V4
: R UaT bT dTeT 6=DG6 >de RdV fcR bfV df Vbf a Vder R] eR_e UV df
VgR]fRT u_ j T _ kTR VdV EJ RU T _R]( D d aRd d GH: _ d _ _VTVdRc d(

< _e _vV T _ ]R NHH bfV fVgV V] aVT UfcR_eV - dV f_U d V_ecRd dfaVcg dR ]R
cVTfV_T R UV gV_e ]RT u_& ]R acVd u_ j ]R cVdafVdeR UV ]R cVTfV_T R TRcUsRTR UV] SVSr(

e V_V U Tf]eRU aRcR R_eV_Vc V] g V_e UV] aVT UfcR_eV VdeV e V a & cVa eR ] d
aRd d T ccVTe g d UV gV_e ]RT u_ dV v_ dVR _VTVdRc ( B_dVceV f_R gsR RrcVR R]eVc_Re gR d
e V_V U Tf]eRUVd aVcd deV_eVd aRcR R_eV_Vc f_R gV_e ]RT u_ V TRk T _ f_R RdTRc ]]R(

0,
lFdp PRT STb_dpb ST ( bTVd S b ST eT cX PRXs R

_aTbXs _ bXcXeP dT eT cX P b _d Tb5

=Vdafrd UV - dV f_U d UV NHH bfV gV_e ]R ] d af] _Vd& T ] _U TR f_ Rf V_e UV

]R cVTfV_T R TRcUsRTR V] g V_e UV] aVT & g ]gVcq R gVc TRc ]R cVdafVdeR UV ]R
cVTfV_T R TRcUsRTR UV] SVSr(

v AP UaTRdT RXP RPaSqPRP Tb Ph a XVdP P )(( _

DR gV_e ]RT u_ Rd de UR R eV_ U ri e (
' < _e _vV gV_e ]R_U R f_ c e UV . R 0 cVda cRT _Vd a c _fe (

' < _ec ]V V] g V_e UV] aVT & ]R cVTfV_T R TRcUsRTR j cVda cRe c R UV] SVSr(

Vd fVck (

' :[fdeRc V] )(, dV v_ dVR _VTVdRc dV v_ ]R i VecsR UV af]d (

' <fR_U ]R cVTfV_T R TRcUsRTR Vd T _deR_eV V_eV dfaVc c R ]a &

cVUfkTR cRUfR] V_eV ]R eRdR UV NHH& SdVcgV ]Rd cVda cRT _Vd Vda _eq_VRd
V VTe gRd j Vde f]V dfRgV V_eV R] SVSr aRcR bfV cVda cV(

' DR gV_e ]RT u_ T _ acVd u_ a d e gR dV afVUV dfdaV_UVc TfR_U V] SVSr e V_V

f_R cVTfV_T R TRcUsRTR T _e _fR V_eV dfaVc c R ]a j cVda cRT u_
Vda _eq_VR d deV_ UR(

v AP UaTRdT RXP RPaSqPRP Tb ST P T b .( _ _Ta X UTaX a P )(( _

]R cVTfV_T R TRcUsRTR Vdeq V[ cR_U & T _e _vV RU _ decR_U NHH

V_ecRd V] SVSr fVdecV f_R V[ cR T _deR_eV( < _ec ]V ]R dRefcRT u_ UV
is V_ j R[fdeV ]R )(, aRcR Tf a] c T _ V] cR_ UV dRefcRT u_ S[Ve g
_U TRU V_ ]R eRS]R(

]R cVTfV_T R TRcUsRTR Tb V[ cR_U & T _d UVcV TRUR f_ UV ] d d f V_eVd4

' JVVgR]vV cqa UR V_eV df erT_ TR UV gV_e ]RT u_( p V fVgV V] T cV9
p>deq gV_e ]R_U R f_R gV] T URU UV . R 0 cVda cRT _Vd ) _fe 9
p>dTfT Rd d _ U d cVda cRe c d9 Vd _VTVdRc & cVR] TV ] d aRd d
T ccVTe g d UV gV_e ]RT u_(

' :[fdeRc V] )( aRcR R]TR_kRc ]R dRefcRT u_ S[Ve g (

' Rv_ _ ] R VT & T _d UVcV T ] TRc ] d TRS]Vd UV] _ e c TRcUsRT aRcR

_ e cV T _e _f (
' Rv_ _ ] R VT & T _d UVcV _dVceRc f_R qdTRcR ]Rcs_ VR f_
efS V_U ecRbfVR](

' Vdeq U da _ S]V& ]]R V aRcR SeV_Vc qd ViaVce d aRcR RjfURc R cVd ]gVc V] ac S]V R UV VdeR

d efRT u_(

v AP UaTRdT RXP RPaSqPRP Tb X UTaX a P .( _

>deR d efRT u_ a T T v_ TfccV TfR_U V] T cRku_ _ afVUV

cVda _UVc d ] R ]R gV_e ]RT u_ j cVbf VcV Ra j RU T _R] aRcR ]]VgRc
dR_ cV i V_RUR R ]Rd RceVc Rd T c _Rc Rd(

0-
 < _d UVcV TRUR f_ UV ] d d f V_eVd4

' JVVgR]vV cqa UR V_eV df erT_ TR UV gV_e ]RT u_( p V fVgV V] T cV9
p>deq gV_e ]R_U R f_R gV] T URU UV . R 0 cVda cRT _Vd ) _fe 9 p>dTfT Rd
d _ U d cVda cRe c d9 Vd _VTVdRc & cVR] TV ] d aRd d T ccVTe g d UV
gV_e ]RT u_(

' V] is Vec UV af]d e V_V f_R dVtR] T _ RS]V& R[fdeV V] ? , aRcR R]TR_kRc ]R
dRefcRT u_ S[Ve g (

' Rv_ _ ] R VT & T ] bfV ] d TRS]Vd UV] _ e c TRcUsRT j T V_TV ]R

_ e c kRT u_ T _e _fR(

' Rv_ _ ] R VT & _dVceV f_R qdTRcR ]Rcs_ VR f_ efS V_U ecRbfVR](

' Vdeq U da _ S]V& ]]R V aRcR SeV_Vc qd ViaVce d aRcR RjfURc R cVd ]gVc V] ac S]V R(

d efRT u_(
' ]R cVTfV_T R TRcUsRTR UV] SVSr aVc R_VTV a c UVSR[ UV 0 ]a UVdafrd UV R]
V_ d - dV f_U d UV NHH bfV fVgV V] eucRi& acV Vc S]V V_eV R ecRgrd UV f_R
gsR RrcVR R]eVc_Re gR& Rf V_eV V] ? , R] !jT V_TV ]Rd T acVd _Vd
e cqT TRd T dV UVdTc SV V_ ]R DVTT u_ 0(

6 aTP XiPa b _Pb b R aaTRcXe b ST eT cX PRXs l_dTST d STcTRc a

ST SXsgXS ST RPaQ PhdSPa P TeP dPa P TUTRcXeXSPS ST P

eT cX PRXs 5

MdR_U f_ U ui U UV TRcS _ < ,% >] UVeVTe c UfcR_eV ] d aRd d T ccVTe g d UV

gV_e ]RT u_ afVUV ac a cT _Rc f_R dVtR] g dfR] bfV ]V RjfUV R fdeVU j R df Vbf a R
UV_e TRc Tfq_U R] cRU f_R gV_e ]RT u_ bfV _ ]R j R cVR ] d af] _Vd( < ] bfV
f_ < , UVeVTe c V_ecV V] U da d e g HHN j ]R qdTRcR( ] d af] _Vd dV gV_e ]R_
V TRk V_eV j dV ac UfTV f_ _eVcTR S UV RdVd& < , UVSV Vi R]RcdV R ecRgrd UV ]R
qdTRcR(

x Vdeq gV_e ]R_U V TRk V_eV ] d af] _Vd& UVSVcsR gVc bfV V]
UVeVTe c dV gfV]gV R Rc ]] UfcR_eV TRUR Vi R]RT u_ ? fcR .(,,%(

x V] < , >] UVeVTe c Vd UV T ] c avcafcR j dV gfV]gV R Rc ]] UVdafrd UV f_ aRd T ccVTe g & V]

aRd fV V VTe g j Vd ac SRS]V bfV ]R cVTfV_T R TRcUsRTR UV] SVSr V[ cV cqa UR V_eV(

' V] < , UVeVTe c 6d _ dV a _V R Rc ]] & Vd a d S]V bfV ] d _eV_e d UV

gV_e ]RT u_ T _ qdTRcR RT R] _ Vder_ gV_e ]R_U ] d af] _Vd(

' V] UVeVTe c aVc R_VTV cRU UVdafrd UV ] d ac Vc d / aRd d

T ccVTe g d j ]R cVTfV_T R TRcUsRTR _ R V[ cRU & afVUV dVc ecR
_U TRT u_ UV bfV _ R] cRU f_R gV_e ]RT u_ V TRk j dV _VTVd eR f_R
? fcR .(,,( =VeVTe c UV U ui U UV TRcS _ gsR RrcVR R]eVc_Re gR(
fe ] kRU T _ RdTRc ]]R UfcR_eV ] d aRd d
T ccVTe g d UV gV_e ]RT u_( >] T ] c R Rc ]] V_
x EaTRPdRXs 2 ]R cVTfV_T R TRcUsRTR UV] SVSr Vd fj SR[R _ S SVR
V] U da d e g T dV fVdecR df VcV dR_ cV& Vd a d S]V bfV V] UVeVTe c _ TR S V UV T ] c a cbfV < ,_ dV ]]VgR
gV_e ]RT u_ UV ] d af] _Vd( R ] d af] _Vd Rf_bfV Vder gV_e ]R_U ] d af] _Vd(

0.
lFdp Tb d P obRPaP Paq VTP5
((
M_R RdTRc ]]R ]Rcs_ VR Vd f_R aVbfVtR RdTRc ]]R f_ UR R
f_ efS UV ]Rd gsRd cVda cRe c Rd ? fcR .(,-%( DR qdTRcR dV
_dVceR V_ ]R S TR UV] SVSr j dV RgR_kR RT R ]R Rc R_eR
RdeR bfV dV]]V ]R V_ecRUR R ]R ecqbfVR UV] SVSr ]R ] e d%
? fcR .(,.%( DR RdTRc ]]R ]Rcs_ VR dV]]R V[ c bfV f_R
RdTRc ]]R j afVUV V[ cRc ]R V TRT R UV ]R gV_e ]RT u_( :
U VcV_T R UV ]R _efSRT u_ V_U ecRbfVR]& _ dV cVbf VcV_
_decf V_e d aRcR _dVceRc f_R qdTRcR ]Rcs_ VR j _ Vd ? fcR .(,-( >[V a] d UV qdTRcRd ]Rcs_ VRd _V _ReR]Vd

_VTVdRc g dfR] kRc ]Rd TfVcURd g TR]Vd UV] SVSr UfcR_eV ]R

_dVcT u_( _ dV afVUV gV_e ]Rc R] SVSr T _ ri e T _ f_R
RdTRc ]]R j ]R _efSRT u_ _ Vd RTe S]V _ e V_V ri e & f_R
RdTRc ]]R ]Rcs_ VR afVUV ac a cT _Rc f_R gsR RrcVR UV
cVdTReV Vi e dR(

m VgVcR ARj gRc RT _Vd U da _ S]Vd& _T]f U d U da d e g d T _

f_R qdTRcR _ ]RS]V& f_R qdTRcR UV V] dfRgV bfV 6] Vd
_ cVbf VcV _ ]RU & f_ efS UV gsR RrcVR acVTfcgRU j f_
afVce aRcR f_ efS UV UcV_R[V qdec T ( DR RdTRc ]]R ]Rcs_ VR
Vd f_R gsR RrcVR R]eVc_Re gR V TRk TfR_U ] d _eV_e d UV ? fcR .(,.( EqdTRcR ]Rcs_ VR c R_U f_ dV]] d ScV
_efSRT u_ gV_e ]RT u_ T _ RdTRc ]]R d _ _ cfTef d d5 ]R ] e d
d _ V SRc & df fd V_ cVT r_ _RT U d acV Refc d Vd ] eRU a cbfV
_T]fd ]R RdTRc ]]R ]Rcs_ VR qd aVbfVtR afVUV dVc UV Rd RU cR_UV aRcR ] d cVT r_ _RT U d fj

acV Refc d(

HRcR SeV_Vc qd _ c RT u_ d ScV ]Rd ] eRT _Vd UV ]R qdTRcR ]Rcs_ VR&

T _df]eV ]R dVTT u_ HcV f_eRd cVTfV_eVd UV VdeR ]VTT u_ V_ ]R aq _R 30(

l8s bT X bTacP d P obRPaP Paq VTP5

DRd d f V_eVd _decfTT _Vd V q V_Vd dV Ra] TR_ R f_ V[V a] UV f_R

RdTRc ]]R ]Rcs_ VR UVdVT RS]V T _ f_ efS UV gsR RrcVR acVTfcgRU j f_R
RdTRc ]]R UV V] dfRgV bfV _ cVbf VcV _ ]RU ( >deq _U TRU aRcR df fd V_
SVSrd UV , R / ( D d U da d e g d gRcsR_ dV v_ V] RSc TR_eV j UVSV T _df]eRc
]Rd _decfTT _Vd UV] RSc TR_eV aRcR V] U da d e g VdaVTs T fe ] kRU V_ df
_de efT u_(

G Rv_ _ ] R VT & T _VTeV ] d TRS]Vd UV] _ e c TRcUsRT aRcR SeV_Vc

>gR]fRT u_ UV ]R cVTfV_T R TRcUsRTR UV] SVSr(

?% Me ] kR_U f_R erT_ TR ] a R& cVe cV V] U da d e g UV] aRbfVeV Vderc ] j UV] cVT a V_eV
ac eVTe c( HfVUV T ] TRc f_R TRaR UV] RUR UV ]fSc TR_eV R SRdV UV R fR V_ ]R aRceV
a deVc c j ] d ]RU d UV ]R RdTRc ]]R& aVc Vde afVUV _ dVc _VTVdRc a cbfV ] d
cVT r_ _RT U d R V_fU e V_V_ df T V_eVd dVTcVT _Vd cR]Vd aRcR ]fSc TRc V]
U da d e g ? fcR .(,/%(

0/
 XVdaP , - JVe cV V] U da d e g j ]fSc bfV ]R aRceV a deVc c j ] d ]RU d aT _R]%(

EB% HqcVdV [f_e R ]R TRSVkR UV] SVSr j T ]ubfV] V_ ]R a d T u_ UV ] ReV (

G deV_ R V] U da d e g R ] ]Rc UV] efS UV ]Rd gsRd cVda cRe c Rd T _ ]R aRceV

_ Vc c TVccRUR UV ]R RdTRc ]]R RT R V] aR]RURc UV] SVSr j V] TfV_T RS Vce UV ]R
RdTRc ]]R RT R ]R SRcS ]]R UV] SVSr ? fcR .(,0%(

:ScR ]R S TR UV] SVSr acVd _R_U dfRgV V_eV RT R RSR[ V_ ]R SRcS ]]R UV]
SVSr(

G B_dVceV ]R af_eR ac _T aR] UV ]R RdTRc ]]R V_ ]R S TR UV] SVSr& V_ ]R aRceV dfaVc c

UV ]R ]V_ fR& T _ ]R aRceV _ Vc c UV ]R RdTRc ]]R acVd _RUR T _ecR V] aR]RURc UV]
SVSr ? fcR .(,1%(

G =Vd] TV V] U da d e g RT R RSR[ j RT R Recqd& d f V_U V] T _e c_ UV]

aR]RURc& T _ f_ V af[u_ T _e _f aVc dfRgV RdeR bfV d V_eR f_R
cVd deV_T R UV _ e gR ? fcR .(,2%(

0% deV_ V_U V] efS V_ df ]f Rc& T ] bfV f_ < UVeVTe c j U da d e g HHN(

B_ T V HHN j RdV fcV V] U da d e g V_ df ]f Rc ? fcR .(,3%(

G ]R RdTRc ]]R ]Rcs_ VR Vdeq T ] TRUR T ccVTeR V_eV j Vdeq ac a cT _R_U

gV_e ]RT u_ bfV _ ]R ] d af] _Vd& UVSV UVeVTeRc V] < Vi R]RU ,

UV_ec UV 2 R cVda cRT _Vd UV acVd u_ a d e gR( =VSVcsR gVc V] g V_e

UV ]R aRcVU e cqT TR j VdTfT Rc d _ U d cVda cRe c d fR]Vd TfR_U VdTfT R
T _ f_ VdeVe dT a ( F UVSV VdTfT Rc f_R cR_ f R UV R cV bfV dR]V UV ]R
XVdaP , . HcVaRcR_U aRcR
S TR UV] SVSr _ gVc f_ Sf]e TcVT V_eV V_ V] TfV]] UV] SVSr(
_dVcT u_

XVdaP , / B_dVceV ]R RdTRc ]]R V_ XVdaP , 0 :gR_TV V] U da d e g XVdaP , 1 B_ T V HHN j

]R S TR UV] SVSr( d f V_U V] T _e c_ UV ]R S TR j T _ c Rc ]R fS TRT u_(
aR] eV(

00
l8do S STQT dXcPabT P PbRPaX P Paq VTP5

DR gsR RrcVR dV afVUV bf eRc TfR_U V] SVSr VdeRS]VTV cVda cRT _Vd
Vda _eq_VRd V VTe gRd j V] U da d e g jR _ Vd _VTVdRc TfR_U dV afVUV
_dVceRc f_ efS V_U ecRbfVR] T _ ri e ( D d SVSrd afVUV_ cVda cRc
Vda _eq_VR V_eV R ecRgrd UV] U da d e g j Vd a d S]V bfV dV VdTfT V_ ]]R_e d
j cft U d(

x <fR_U UVT UR bf eRcdV ]R RdTRc ]]R ]Rcs_ VR& dfTT _V ]Rd dVTcVT _Vd UV
]R S TR j ]R Rc R_eR R_eVd UV bf eRcdV V] U da d e g (
x V] U da d e g e V_V f_ S cUV _ ]RS]V& UVd _ ]V V] S cUV R_eVd UV cVe cRc] (

lFdp STQT PRTa bX T QTQp aTb_XaP Tb_ co TP T cT h cXT T d P UaTRdT RXP

RPaSqPRP ST P T b )(( _ _Ta cXT T SXUXRd cPS _PaP aTb_XaPa QPYP

bPcdaPRXs ST gqVT P _TbPa ST U dY XQaT ST gqVT 5

V] SVSr Vdeq cVda cR_U Vda _eq_VR V_eV j e V_V f_R cVTfV_T R TRcUsRTR UV R] V_ d
]Re U d a c _fe & aVc e V_V cVda cRT _Vd T _ U Tf]eRU cft U d SR[R dRefcRT u_ UV
is V_ & dV afVUV T _d UVcRc ]R <H:H( <H:H VdCD Rac a RU d V] SVSr e V_V Ra_VR [RUV
d ]R cVTfV_T R TRcUsRTR UV] SVSr Vd _ Vc c R ]a (

<H:H Vd f_R erT_ TR aRcR R_eV_Vc ]R acVd u_ UV_ec UV ] d af] _Vd UV f_

cVda cR_U Vda _eq_VR V_eV SVSr( <H:H R_e V_V ] d af] _Vd ] VcR V_eV _ ]RU d
V_ e U V_e j afVUV dVc ve ] aRcR ] d SVSrd acV Refc d Tfj d af] _Vd e V_V_

UV T V_T R UV dfc RTeR_eV& ] bfV RTV bfV ] d R]gr ] d T ]RadV_ R] _R] UV ]R g UR(

TRUR Vi R]RT u_( <fR_U dV ac a cT _R <H:H& V] SVSr 6] Vd _ e V_V

ecRSR[Rc eR_ Ufc aRcR _ ]Rc ] d af] _Vd T _ TRUR cVda cRT u_( >] fd UV <H:H acVT k
aRcR cVT r_ _RT U d acV Refc d afVUV Vg eRc ]R _VTVd URU UV _efSRT u_ j gV_e ]RT u_
VTq_ TR( DR RU _ decRT u_ UV <H:H afVUV Rf V_eRc ]R a d S ] URU UV UVdRcc ]]Rc f_
_Vf eucRi f R UV R cV%( D d ac gVVU cVd UVSV_ dVc T _dT V_eVd UV VdeR a d S]V
T a] TRT u_ j VdeRc acVaRcRU d aRcR RS cURc]R(

l8s bT PS X XbcaP 8E6E SdaP cT T _Taq S ST TbcPQX XiPRXs

X XRXP 5

DR <H:H dV RU _ decR RT V_U f_ dV]] V_ecV ]R TRcR UV] SVSr j f_R qdTRcR
f_ UR R f_ cVR_ RU c T _ a VkR V_ L f_R S ]dR _ ]RUR a c ]f[ ( <H:H
_ STa RU _ decRcdV T _ f_R S ]dR Rfe _ ]RS]V _T]fd d dV R T ] TRU f_R
gq]gf]R H>>H( DR <H:H UVdVRUR dV ] cR R[fdeR_U V] dV]VTe c UV H>>H V_ ]R eRaR
UV] cVR_ RU c T _ a VkR V_ L ]R gq]gf]R UV T _ec ] UV ]f[ V_ ]R S ]dR UV
_ ]RU a c ]f[ ? fcR .(- %(

01
 x HcfVSV ]R TR_e URU UV <H:H R_eVd UV Ra] TRc ]R RdTRc ]]R V_ ]R TRcR UV]
SVSr d deV_ V_U ]R RdTRc ]]R c V V_eV T _ecR df R_ j ]VjV_U ]R
acVd u_ V_ V] R_u Vec R_u Vec %(
x :[fdeV ]R eRaR UV H>>H ]R gq]gf]R UV T _ec ] UV ]f[ aRcR bfV V]
R_u Vec ]VR UV / R 0 T A, acVd u_(

_PV
B6L E:6X 3

xxxxxx x x
c HHJcc CHA G6ID M
E HHJ

)))) xxxxx

&&&&& &&&
7

? fcR .(- ( :[fdeV ]R acVd u_ UV <H:H cR_U ]R eRaR UV f_ cVR_ RU c T _ a VkR V_ L :%( DR acVd u_ UV <H:H cVdf]eR_eV Vd
decRU V_ V] R_u Vec ;%( :[fdeV ]R acVd u_ UV <H:H fdR_U ]R gq]gf]R UV T _ec ] UV ]f[ V_ f_R S ]dR _ ]RUR a c ]f[ <%( DR acVd u_ UV <H:H
cVdf]eR_eV dV fVdecR V_ V] R_u Vec =%( HRcR R S d& R[fdeV V] <H:H R_eVd UV T ] TRc ]R RdTRc ]]R V_ ]R TRcR UV] SVSr(

M_R gVk bfV RjR R[fdeRU V] <H:H R ]R acVd u_ UVdVRUR& T ]ubfV] c V V_eV T _ecR
]R TRcR UV] SVSr ? fcR .(- % fe ] kR_U ]R df[VT u_ UV , R_ d T _ V af[V UV ]R
R_UsSf]R(

x DVgR_eV ]R R_UsSf]R UV] SVSr UV_ec UV ]R RdTRc ]]R V_ ]f Rc UV V af[Rc ]R TRSVkR UV] SVSr

RT R RSR[ V_ V] T ]T u_(

x NVc bfV bfV ]R acVd u_ Rv_ dV V_TfV_ecV V_ V] _ gV] dV]VTT _RU ( Vd qd SR[ & Vd
a d S]V bfV _ eV_ R f_ dV]] Vc re T UV ]R qdTRcR V_ ]R TRcR UV] SVSr(

x HfVUV R[fdeRc V] <H:H UVaV_U V_U UV bfr eR_ fVceV Vder

ecRSR[R_U V] SVSr aRcR cVda cRc( F fe ] TV qd UV 2 T A, (

1(
? cR fcV .(- ( :U _ decRT u_ UV <H:H T _ RdTRc ]]R RT R] T _ a VkR V_ L :% j S ]dR _ ]RS]V a c ]f[ ;%( >] R_u Vec fVdecR V]
TR_e URU UV <H:H RU _ decRUR( V UVSV R_eV_Vc f_ dV]] Vc re T T _ ]R qdTRcR(

x =fcR_eV ]R <H:H& FG T]fjV ]R eRaR UV ]R a VkR V_ L _ Rac VeR ]R S ]dR UV

_ ]RU a c ]f[ (

x V] SVSr _ afVUV R_eV_Vc f_R cVTfV_T R TRcUsRTR UV R] V_ d ]a T _

cVda cRT _Vd Vda _eq_VRd& UVSV RU _ decRc cVda cRT _Vd HHN V_ ]f Rc UV <H:H(

dV RU _ decRcq <H:H UfcR_eV f_ aVcs U ac ] _ RU & fe ] kRcq af_eRd _RdR]Vd

f_R RdTRc ]]R _RdR] ? fcR .(-,%( =Vdafrd UV ]R VdeRS ] kRT u_ _ T R]& ]R <H:H dV
afVUV RU _ decRc T _ f_ d deV R UV R fR SfcSf[VR_eV& f_ U da d e g <H:H
UVU TRU f_ gV_e ]RU c VTq_ T (

? fcR .(-,( :U _ decRU T _ <H:H

R f_ cVT r_ _RT U acV Refc T _
l8do S bT STQT X bTacPa d P b SP a VobcaXRP5
af_eRd _RdR]Vd( MdRU T _ aVc d
UV ERj ? f_URe _ c EVU TR
=fcR_eV ]R <H:H ]R NHH T _ f_R RdTRc ]]R RT R] f_R RdTRc ]]R ]Rcs_ VR& V] Rd
>UfTRT u_ V B_gVde RT u_(%
_ cVdR R] Vdu R j R] Vdeu R ( >] Rd V_ V] Vdeu R afVUV _eVc Vc c T _ ]R
gV_e ]RT u_( f_ cVT r_ _RT U cVbf VcV <H:H NHH UfcR_eV qd UV gRc d
_fe d& T _d UVcV T ] TRc f_R d _UR c qdec TR j UV[Rc]R UVdeRaRUR aRcR bfV
RTevV T gV_e ]RT u_ UV] Vdeu R (

: dX_ TRTbPaX

x _UR c qdec TR 2?

x CVc _ R UV , ]

x < _eR

3
 ? cR fcV .(--( EVU T u_ UV ]R ac f_U URU UV _dVcT u_ T ccVTeR aRcR f_R d _UR c qdec TR(
>_ VdeV V[V a] & V] efS UVSV _dVceRcdV ,2 T (

_Pb b ST X bTaRXs

G E UV ]R U deR_T R UVdUV V] afV_eV UV ]R _Rc k RdeR V] ]uSf] UV ]R cV[R(

j UVdUV V] ]uSf] UV ]R cV[R RdeR f_ af_e R VU TR _ V_ecV V]
ac TVd i UVd ]R af_eR _ Vc c UV] VdeVc_u_% j V] S] ( GSdVcgV
]R RcTR UV TV_es Vec d V_ VdeV ]f Rc UV] efS ? fcR .(--%(
HRcR _ kRc ]R _eVccfaT u_ UV ]R gV_e ]RT u_& ]R VU T u_ UV ]R
d _UR c qdec TR afVUV Rac i RcdV T _ ]R RdTRc ]]R T ] TRUR(

? cR fcV .(-.( B_dVcT u_ UV f_R d _UR c qdec TR :%& Rda cR_U V] c qdec T
efS ;%& RSc c V] efS c qdec T aRcR gV_e ]Rc <% j RdV fcRc V] efS c qdec T
T _ T _eR =%

1
?% B_dVceV V] efS a c ]R S TR ? fcR .(-.:%( DR gV_e ]RT u_ dV afVUV
cVR_fURc eR_ ac _e T dV RjR _dVceRU V] efS ( JVVgR]fRc V] dV]]
UV ]R RdTRc ]]R(

2 M_R gVk bfV V] efS dV _dVceR R ]R U deR_T R UVdVRUR& T _VTeV f_R [Vc _ R j
cVe cV V] T _eV_ U qdec T ? fcR .(-.;%(

2 JVe cV ]R [Vc _ R UV] efS j UV[V V] ViecV UV] efS

RS Vce aRcR ac a cT _Rc f_R gV_e ]RT u_ aRcR V] R cV bfV _ cVdR R] Vdeu R ? fcR .(-.<%(

HV fV V] efS T _ T _eR RU Vd gR R ]R V[ ]]R UV] SVSr ? fcR .(-.=%(

8T caPabT T T caPQPY T T dX_

Hc a cT _Rc HHN UVdeRTR gRc Rd a cef_ URUVd aRcR bfV ] d Vbf a d V VTe g d fe ] TV_ V]
Hc cR R UV cVR_ RT u_ _V _ReR] FJHn% ARS ] URUVd UV T a ceR V_e T]RgV(

8 _ acP XT c :YT _
:_e TsaReV j a]R_ TR( :dV vcVdV UV eV_Vc df T V_eV aVcd _R] acVdV_eV V_ V] V_e UV] _RT V_e dV v_ ] d RTe cVd UV
c Vd bfV UV_e Tu(
=fcR_eV ]R dVd u_ _ c Re gR UV] Vbf a UV acV'cVR_ RT u_& UVeVc _V bf r_ cVR] kR ]R NHH& RfdTf]eR V]
T cRku_ UV V c R& VgR]vR V] g V_e UV] aVT & T ] TR V] is Vec UV af]d j V] _ e c TRcUsRT j
U Tf V_eR ] d VgV_e d R VU UR bfV TfccV_(

=V]V fV ]R TRc R UV ecRSR[ UV R_VcR uae R( dV cVbf VcV HHN& dV _VTVd eR_ R] V_ d , - ac gVVU cVd TR] TRU d aRcR cVR] kRc e URd ]Rd eRcVRd
D]R V aRcR SeV_Vc RjfUR RU T _R] TfR_U dVR cqa UR V_eV(
_VTVdRc ( e V_V U Tf]eRUVd aRcR R_eV_Vc f_ SfV_ dV]]RU & Vd a d S]V bfV dVR _VTVdRc df[VeRc T _ ]Rd U d
R_ d& ] bfV cVbf VcV bfV f_R dV f_UR aVcd _R RU _ decV ]R cVda cRT u_ Rd de UR j f_R eVcTVcR
aVcd _R aRcR VgR]fRc ]R cVdafVdeR(
>d a d S]V bfV UVSR ]]R Rc aRcR SeV_Vc RjfUR RU T _R] d dV cVbf VcV _efSRT u_(

< f_ TRcdV V VTe gR V_eV( DRd aVcd _Rd bfV ac a cT _R_ NHH j VgR]vR_ ]R V TRT R UV ]R gV_e ]RT u_ UVSV_
T aRce c _ c RT u_ j T f_ TRcdV V_ecV ds(
dV cVbf VcV_ ] d aRd d T ccVTe g d UV gV_e ]RT u_& V] _eVcTR S cVTfV_eV UV _ c RT u_ UVdafrd UV TRUR
aRd Vd TcfT R](
>d a ceR_eV R_f_T Rc Tfq_U dV R ] cRU V] g V_e UV] aVT ( " : _TR bT dTeT
6=DG6 aRcR bfV V] Vbf a dVaR bfV ]R V c R TRcUsRTR UVSV VgR]fRcdV V_ - dV f_U d(

< _ kTR df V_e c_ ( VaR Tu aVcRc j d ]fT _Rc ac S]V Rd UV df U da d e g HHN( VaR
Me ] TV ] d cVTfcd d U da _ S]Vd( Tu SeV_Vc f_R qdTRcR ]Rcs_ VR j f_ _ e c TRcUsRT (

D_ acd XSPSTb ST TY aP ST P RP XSPS

Aq RdV ]Rd d f V_eVd acV f_eRd j T V_TV f_R U dTfd u_ T _ df Vbf a d

V_TfV_ecR f_R U VcV_T R V_ecV ]Rd cVT V_URT _Vd UV] FJH j ] bfV dV RTV
RTefR] V_eV V_ df ac a da eR]( < _d UVcV fdRc V] ac TVd df Vc U j ]Rd
VU URd UV cVdf]eRU aRcR f Rc df cVT a ]RT u_ UV URe d& UV_e TRc qcVRd UV
V[ cR j _ e cVRc d dfd Vd fVck d UV V[ cR Vdeq_ f_T _R_U (

1
 EaTVd cPb ST TY aP ST P RP XSPS

G pIf r_ ac a cT _R HHN V_ V] V_e c_ UV df dR]R UV aRce d9

?% pIf r_ _ e cVR ]R cVdafVdeR UV ]R cVTfV_T R TRcUsRTR UV] SVSr UfcR_eV ]R NHH9

EB% pARj f_ _ e c TRcUsRT aRcR V] cVT r_ _RT U U da _ S]V V_

]R dR]R UV aRce d9

2 p< _ bfr cVTfV_T R ] d ac gVVU cVd V_ df dR]R UV aRce d acRTe TR_ ]R NHH9

p RSV_ ] d ac gVVU cVd Uu_UV V_T _ecRc f_R qdTRcR ]Rcs_ VR j Tu

_dVceRc]R9

BTSXSPb ST _a RTb h dZ T

G p< _ bfr cVTfV_T R dV RU _ decR ]R NHH V_ ]R dR]R UV aRce d9

?% p< _ bfr cVTfV_T R ] d cVT r_ _RT U d d _ RTe cVd UV c Vd cVbf VcV_ NHH9

EB% <fR_U dV cVbf VcV NHH& pT _ bfr cVTfV_T R Vdeq acVdV_eV f_ dV f_U ac gVVU c

TRaRT eRU V_ V] V_e UV] _RT V_e 9

2 p< _ bfr cVTfV_T R d _ ] d EJ( pHRd d UV ]R GH: cVR] kRU d V_ V] V_e c_ UV df

dR]R UV aRce d9

p< _ bfr cVTfV_T R dV cVR] kR_ ]Rd T acVd _Vd e cqT TRd V_ V] V_e c_ UV ]R
dR]R UV aRce d9

G p< _ bfr cVTfV_T R dV T a]VeR f_ cV dec UV cVR_ RT u_ T a]Ve aRcR

] d cVT r_ _RT U d bfV R_ cVT S U NHH9

EaTVd cPb UaTRdT cTb

l8do Tb b Pb eT cPYPb h STbeT cPYPb ST RPSP SXb_ bXcXe ST

aTP X PRXs 5

] d S ]dR Rfe _ ]RS]V R V_fU dV T _d UVcR qd qT ] UV fdRc bfV V]

ec d U da d e g d j cVbf VcV a T e V a aRcR T _ fcRc] ( F cVbf VcV f_R fV_eV
UV Rd T ac U j dV afVUV fe ] kRc V_ f_ V_e c_ UV V Vc V_T R TfR_U V] Rd
T ac U _ Vder U da _ S]V( =VS U R bfV dV gfV]gV R _ ]Rc T a]VeR V_eV
_T]fd d _ f_ dV]] & dVcq V_ d ac SRS]V bfV dVaR d e V_V f_R f R cR_UV V_ecV ]R
RdTRc ]]R j ]R TRcR UV] SVSr( >d U sT ] T _ec ]Rc V] e V a UV _ ]RU T _ f_R S ]dR
Rfe _ ]RS]V( :UV qd& ]R RdTRc ]]R _ dV afVUV fe ] kRc aRcR RU _ decRc is V_ UV
]f[ ] ScV <H:H R f_ SVSr(

1,
] d S ]dR UV _ ]RU a c ]f[ Vd qd T a] TRU UV T _ fcRc bfV ] d ec d
U da d e g d j cVbf VcV qd acqTe TR aRcR fdRc] UV R_VcR V VTe gR( JVbf VcV
f_R fV_eV UV Rd T ac U j R[fdeVd aRcR V_T _ecRc V] Vbf ] Sc T ccVTe
V_ecV ]R V_ecRUR j ]R dR] UR UV Rd( DR gV_eR[R Vd bfV dRScq _ VU ReR V_eV d
a VcUV acVd u_ UV Rd e V_V f_R f R V_ecV ]R S ]dR j ]R RdTRc ]]R a cbfV ]R
S ]dR dV UVd _ ]Rcq( B_ ]RT u_ RfdV_eV aRcT R]
UV ]R S ]dR _U TR bfV _ dV R VdeRS]VT U f_ dV]] Vc re T bfV ]R S ]dR e V_V f_R
f R( M_ dV]]RU V VTe g UV ]R RdTRc ]]R dV _U TR VU R_eV ]R SdVcgRT u_ UV H>>H )
<H:H VdeRS]V V_ V] R_u Vec ( >] e V a UV _ ]RU dV afVUV Rf V_eRc& d Vd
_VTVdRc & RacVeR_U ]R S ]dR UfcR_eV f_ aVcs U UV e V a qd ]Rc ( DR S ]dR
_ ]RUR a c ]f[ afVUV RU _ decRc <H:H& H>>H j is V_ UV ]f[ ] ScV(

] d JVR_ RU c T _ a VkR V_ L eR S r_ cVbf VcV T Vce e V a UV acVaRcRT u_ R_eVd UV

df fd ( ]Rc R ]R S ]dR UV _ ]RU a c ]f[ & cVbf VcV f_R fV_eV UV Rd
T ac U j R[fdeV R ] d U R]Vd bfV T _ec ]R_ V] HBH j H>>H( DR ac _T aR] gV_eR[R UV]
cVR_ RU c T _ a VkR V_ L Vd bfV ac a cT _R f_R acVd u_ qd T _deR_eV T _ TRUR
cVda cRT u_ bfV ]R S ]dR Rfe _ ]RS]V T _ _ ]RU a c ]f[ ( M_ dV]]RU V VTe g UV ]R
RdTRc ]]R dV _U TR VU R_eV ]R SdVcgRT u_ UV H>>H ) <H:H VdeRS]V V_ V]
R_u Vec UV a VkR V_ L( :UV qd& Vd a d S]V bfV ] d fdfRc d _ dV TR_dV_ a cbfV
_ Rac VeR_ f_R S ]dR cVaVe UR V_eV( >] e V a UV _ ]RU dV afVUV Rf V_eRc& d Vd
_VTVdRc & T]fjV_U V] c T UV ]R eRaR UV ]R a VkR V_ L UfcR_eV f_ aVcs U UV
eV a qd ]Rc ( DR a VkR V_ L afVUV RU _ decRc <H:H& H>>H j is V_ UV ]f[
] ScV(

lE a dp dcX XiPa ST U a P adcX PaXP gqVT P )(( SdaP cT c SPb Pb aTP X PRX Tb T PcP Tb5

Ev]e a]Vd VdefU d eR_e V_ R_ R]Vd T V_ f R_ d R_ dfdT eRU

acV TfaRT _Vd d ScV ]R dV fc URU UV] fd cfe _Rc UV is V_ R] ! UfcR_eV ]R
cVR_ RT u_ _V _ReR]( M_R dVc V UV VdefU d R]VRe c kRU d j TfRd R]VRe c d V_
f R_ d UfcR_eV ]Rd v]e Rd , UrTRURd R_ UV decRU bfV ]R cVR_ RT u_ T _
is V_ R] , ! Vd R] V_ d eR_ V TRk T ]R cVR_ RT u_ T _ is V_ R] !( >_
] d VeR_q] d d UV Vde d VdefU d& ]R ceR] URU dV cVUf[ V_ecV ] d cVT r_ _RT U d R
erc _ j acV Refc d eRcUs d cVR_ RU d V_ f_ , !(
is V_ V_ T aRcRT u_ T _ is V_ R] !( F dV R_ VdefU RU T _TV_ecRT _Vd
UV is V_ _ T R]Vd _eVc VU Rd& V_ecV V] , ! j V] !( =VS U R bfV V] is V_
cV]R[R ] d gRd d dR_ fs_V d af] _RcVd& R] f_ d R_ ViacVdRU df acV TfaRT u_ UV
bfV ] d SVSrd cVR_ RU d T _ T _TV_ecRT _Vd qd SR[Rd UV is V_ dVR_ qd
ac aV_d d R UVdRcc ]]Rc aVceV_d u_ af] _Rc( D d VdefU d V_ R_ R]Vd R_
UV decRU bfV ]R cVd deV_T R gRdTf]Rc af] _Rc U d _fjV RUVTfRUR V_eV T _
, ! UV is V_ & j bfV ]R cVR_ RT u_ T _ , ! UV is V_ V_ cVR] URU afVUV
acVgV_ c ]R aVceV_d u_ af] _Rc UV cVS eV j acVdVcgRc ]R cVdafVdeR R] ui U _sec T
_ R]RU d dV UVdRcc ]]R aVceV_d u_ af] _Rc(

>_ ] d cVT r_ _RT U d acV Refc d& _ fS U VcV_T Rd V_ ] d cVdf]eRU d V_ecV

] d cVR_ RU d T _ SR[ _ gV] UV is V_ , ! '- !% j R]e _ gV] UV is V_
0 !' !%( :f_bfV _ dV V_T _ecu U VcV_T R& ]R cVT V_URT u_

1-
 T V_kRc T _ a T is V_ j gR] cRc RT R Rcc SR dV v_ dVR _VTVdRc fdR_U i VecsR UV

af]d cV ]V[R f_R acV VcV_T R a c Vg eRc ]R Via d T u_ UV ] d cVT r_ _RT U d acV Refc d

R is V_ RU T _R] d _ Vg UV_T R bfV UV fVdecV f_ SV_V T aRcR cVdf]eRU d

a ceR_eVd( >] ? _ T R] UVR] aRcR cVdfT eRc R ] d cVT r_ _RT U d acV Refc d Rv_
dV UVdT _ TV& aVc ]R Rj csR UV ] d cVT r_ _RT U d acV Refc d _dTc e d V_ ] d
VdefU d cVbf c Vc _ R] v_ dfa]V V_e UV is V_ UfcR_eV ] d ac Vc d _fe d
UV g UR(

lEdTST d P T UTa TaP d cTaP_TdcP aTb_XaPc aX X bTacPa d P PbRPaX P Paq VTP5

>] R]TR_TV UV ]R acqTe TR UV TRUR ac gVVU c UV ReV_T u_ rU TR Vdeq UV _ U a c df

[f_eR VdeReR] UV ] TV_T Rd& j TRUR da eR] UVeVc _R V] _ gV] UV T aVeV_T R j
TR] TRT _Vd cVbfVc URd aRcR bfV ] d ac gVVU cVd T _ ] TV_T R cVR] TV_ RS ] URUVd
T]s_ TRd( :f_bfV ]R _dVcT u_ UV ]R RdTRc ]]R ]Rcs_ VR Vd T _d deV_eV T _ ]Rd aRfeRd
V_VcR]Vd aRcR ]R acqTe TR UV V_ Vc VcRd j eVcRaVfeRd cVda cRe c d& UVSV T _df]eRc T _
]R _de efT u_ j ]R [f_eR UV ] TV_T Rd UV df VdeRU (

l8do Tb b Pb X XcPRX Tb ST d P obRPaP Paq VTP5

DRd qdTRcRd ]Rcs_ VRd e V_V_ gRc Rd ] eRT _Vd R T _d UVcRc UfcR_eV ]R
cVR_ RT u_ _V _ReR](

x >] U da d e g _ R d U VdefU RU aRcR dfTT _Rc dVTcVT _Vd UV]

R chRj(
x _VTVd eR fdRc acVd _Vd UV gV_e ]RT u_ R]eRd& V] R cV afVUV ]ecRcdV R ecRgrd UV] dV]]
V_ecV ]R Rc _ V j ]R RdTRc ]]R& UR_U T cVdf]eRU f_R acVd u_ _df T V_eV aRcR
_ ]Rc ] d af] _Vd(

x H T d _ c Vd UVdTc SV_ V] fd UV f_R qdTRcR ]Rcs_ VR UfcR_eV ]Rd

T acVd _Vd e cqT TRd( _ V SRc & d ]R _efSRT u_ ecRbfVR] _ e V_V ri e &
Vd cRk _RS]V _eV_eRc ]Rd T acVd _Vd T _ V] U da d e g T ] TRU (

xF Rj Vg UV_T R df T V_eV aRcR cVT V_URc V] fd UV f_R qdTRcR ]Rcs_ VR aRcR

RU _ decRc VU TR V_e d _ecRecRbfVR]Vd( D d VU TR V_e d _ecRecRbfVR]Vd
afVUV_ ]ecRcdV UV ]R qdTRcR R] Vdu R j_ _ cVdRc R ] d af] _Vd(

x DRd RdTRc ]]Rd ]Rcs_ VRd _ dV afVUV_ fdRc V_ cVT r_ _RT U d fj aVbfVt d(
:TefR] V_eV& ]R RdTRc ]]R ]Rcs_ VR qd aVbfVtR Vdeq UVde _RUR R df fd V_ SVSrd
bfV aVdR_ qd UV , Rac i RUR V_eV( EfT d _ c Vd UVdTc SV_ df fd V_
SVSrd bfV aVdR_ V_ecV &/ j ,&/ ( :] f_ d _ c Vd R_ UVdTc e V] fd UV f_R
qdTRcR ]Rcs_ VR T _ ri e V_ SVSrd bfV aVdR_ V_ d UV &/ (

1.
G:E6HD 9: A6 A:88 nC ,
( >] aRd qd a ceR_eV j qd V TRk V_ ]R cVR_ RT u_ _V _ReR]
Vd Vde f]RT u_ R cVd gR% ) gV_e ]RT u_ UV ] d af] _Vd%(

,( =Vdafrd UV ] d aRd d _ T R]Vd& dV _U TR gV_e ]RT u_ T _ acVd u_ a d e gR(

d V] SVSr Vd QQQ& G d V] SVSr Vd QQQQ& G d V]
DR cVTfV_T R TRcUsRTR UV] SVSr Vd _ Vc c R QQQ ]Re U d a c _fe ( < a]VeV V]
VdaRT d V_ S]R_T (%

-( M_ SVSr _RTV ]qT U j Ra_V T ( V T ] TR R] SVSr UVSR[ UV f_ TR]V_eRU c

cRU R_eV& dV dVTR j Vde f]R& dV T ] TR ]R TRSVkR j V] TfV]] aRcR RSc c ]Rd gsRd
cVda cRe c Rd& j dV dfTT _R ]R S TR j ]R _Rc k( AR aRdRU _fe UVdUV V]
_RT V_e j V] SVSr d fV Ra_V T ( >] d f V_eV aRd Vd Vde f]Rc qd% )
T V_kRc ]R gV_e ]RT u_ T _ acVd u_ a d e gR%(

.( HRcR gV_e ]RT u_ T _ acVd u_ a d e gR& R[fdeV V] TRfUR]s Vec R / D )

_% ) D) _%(

/( :U _ decV gV_e ]RT u_ T _ acVd u_ a d e gR R f_R cVTfV_T R UV , R ,/

cVda cRT _Vd a c _fe % ) . R 0 cVda cRT _Vd a c _fe %(

0( B_ T V ]R gV_e ]RT u_ T _ acVd u_ a d e gR T _ f_R acVd u_ UV _ ]RU UV

, R ,/ T A, % ) . R 0 T A , %(

1( DR gV_e ]RT u_ UV] cVT r_ _RT U R erc _ T V_kR T _ , ! UV is V_ % )

! UV is V_ %(

2( Vdeq fe ] kR_U f_ U da d e g bfV RU _ decR acVd u_ a d e gR R]

_R] UV ]R Vda cRT u_ H>>H%& ]R acVd u_ _ T R] cVT V_URUR Vd / T
A, %) T UV R]efcR , %(

3( AR _ T RU ]R gV_e ]RT u_ T _ acVd u_ a d e gR aRcR f_ cVT r_ _RT U T _

Ra_VR( DR cVTfV_T R TRcUsRTR Vd UV . ]Re U d a c _fe j _ V[ cR(
f Rd deV_eV 6_ gV V] g V_e UV] aVT ( =VSV _ T Rc ] d aRd d
T ccVTe g d UV gV_e ]RT u_% ) T _e _fRc T _ ]Rd T acVd _Vd e cqT TRd%(

( DR _ ]RT u_ j R cVRT u_ UV ] d af] _Vd Vd df Vc UR a c f_ < ,

UVeVTe c bfV dV gfV]gV R Rc ]] % ) g ]VeR%(

( AR T V_kRU ]R gV_e ]RT u_ T _ acVd u_ a d e gR aRcR f_ cVT r_ _RT U T _

Ra_VR( DR cVTfV_T R TRcUsRTR dV R R_eV_ U V_ . ]Re U d a c _fe R
aVdRc UV cVR] kRc e U d ] d aRd d T ccVTe g d UV gV_e ]RT u_ j gV_e ]Rc R ecRgrd
UV f_ efS V_U ecRbfVR] UfcR_eV - dV f_U d( f Rd deV_eV gV V]
g V_e UV] aVT T _ gV_e ]RT u_ UV acVd u_ a d e gR( =VSV Rf V_eRc ]R
cVTfV_T R UV gV_e ]RT u_ R cVda cRT _Vd ) _fe % ) ac TVUVc R ]Rd
T acVd _Vd e cqT TRd%(

1/
 ,( V _dVceR f_R qdTRcR ]Rcs_ VR V_ ]R S TR UV] SVSr j dV RgR_kR RT R
]R Rc R_eR RdeR bfV aRdR V_ecV ]Rd TfVcURd g TR]Vd UV] SVSr% ) RTV
f_ dV]] d ScV ]R V_ecRUR R ]R ecqbfVR UV] SVSr%(

-( HRcR _dVceRc f_R d _UR c qdec TR& UR ]R U deR_T R UVdUV V] afV_eV UV

]R _Rc k RdeR V] ]uSf] UV ]R cV[R j UVdUV V] ]uSf] UV ]R cV[R RdeR ] d
aVk _Vd% ) RdeR f_ af_e R VU TR _ V_ecV ]R Rau d d i UVd j V]
S] %(

GTb_dTbcPb

]( >] aRd qd a ceR_eV j qd V TRk V_ ]R cVR_ RT u_

_V _ReR] Vd ]R gV_e ]RT u_ UV ] d af] _Vd(

,( =Vdafrd UV ] d aRd d _ T R]Vd& ]R gV_e ]RT u_ T _ acVd u_ a d e gR Vdeq _U TRUR

d V] SVSr Vdeq Ra_V T & G d V] SVSr Vdeq [RUVR_U & G d ]R cVTfV_T R TRcUsRTR
UV] SVSr Vd V_ c UV ]Re U d a c _fe (

-( >] d f V_eV aRd Vd T V_kRc ]R gV_e ]RT u_ T _ acVd u_ a d e gR(

.( HRcR gV_e ]RT u_ T _ acVd u_ a d e gR& R[fdeV V] TRfUR]s Vec R D)

_(

/( :U _ decV gV_e ]RT u_ T _ acVd u_ a d e gR R f_R cVTfV_T R UV . R 0

cVda cRT _Vd a c _fe (

0( B_ T V ]R gV_e ]RT u_ T _ acVd u_ a d e gR T _ f_R acVd u_ UV _ ]RU UV

, R ,/ T A, (

1( DR gV_e ]RT u_ UV] cVT r_ _RT U R erc _ T V_kR T _ , ! UV is V_ (

2( Vdeq fe ] kR_U f_ U da d e g bfV RU _ decR acVd u_ a d e gR R]

_R] UV ]R Vda cRT u_ H>>H%& ]R acVd u_ _ T R] cVT V_URUR Vd UV
/T A, (

3( =VSV _ T Rc ] d aRd d T ccVTe g d UV gV_e ]RT u_(

( DR _ ]RT u_ j R cVRT u_ UV ] d af] _Vd Vd df Vc UR a c f_ <

UVeVTe c bfV dV gfV]gV R Rc ]] (

( =VSV ac TVUVc R ]Rd T acVd _Vd e cqT TRd(

,( V _dVceR f_R qdTRcR ]Rcs_ VR V_ ]R S TR UV] SVSr j dV

RgR_kR RT R ]R Rc R_eR RdeR bfV dV]]V ]R V_ecRUR R ]R
ecqbfVR UV] SVSr(

-( E UR ]R U deR_T R UVdUV V] afV_eV UV ]R _Rc k RdeR V] ]uSf] UV ]R cV[R j

UVdUV V] ]uSf] UV ]R cV[R RdeR f_ af_e R VU TR _ V_ecV ]R Rau d d
i UVd j V] S] (

10
6_p SXRT

DVR ]Rd dVTT _Vd bfV dV cV VcV_ R] e a UV U da d e g bfV dV fdR V_ df da eR](

6 7 bP ST aTP X PRXs Pdc X U PQ T

l8do Tb b Pb _PacTb ST d P Q bP Pdc X U PQ T5

ARj 2 aRceVd Sqd TRd aRcR f_R S ]dR Rfe _ ]RS]V ? fcR .:(]%(

G R] UR UV Rd

?% Nq]gf]R UV acVd u_ a d e gR R] _R] UV ]R Vda cRT u_ H>>H% aT _R]%

EB% ER_u Vec

3 Nq]gf]R UV ] SVcRT u_ UV acVd u_

>_ecRUR UV Rd

G LfSVcsR UV Rd

G :% =Vaud e UV is V_ e a TVccRU %& ;% Gis V_

UVaud e e a RS Vce %

>_dR S]R[V UV gq]gf]R

DR S ]dR Rfe _ ]RS]V dV gfV]gV R ViaR_U c UVdafrd UV

RacVeRc]R j dV ]]V_R T _ Rd UVdUV - fS TRT _Vd( <
]R S ]dR dV gfV]gV R _ ]Rc& V] R cV UV ]R RS eRT u_ dV Rda cR a c
]Rd RSVcefcRd V_ ]R aRceV a deVc c UV ]R S ]dR( >] Rd UV ]R
] TfRU cR j V] TRfUR]s Vec g R[R R ecRgrdefSVcsR UV Rd
B (((((((Q&
j V_ecR V_ ]R S ]dR V_ V] >_ecRUR UV Rd( >] Rd UV ]R ] TfRU cR dV
RTf f]R V_ V] cVdVcg c UV i V_ j ac a cT _R f_R eVcTVcR
0
cc
b
/6
fV_eV UV Rd aRcR ]]V_Rc ]R S ]dR( Gis V_
efS 6_ Vd _VTVdRc T _VTeRc] R ]R S ]dR aRcR
ac a cT _Rc gV_e ]RT u_ UV acVd u_ a d e gR NHH% T _

c
, ! UV is V_ ( Gij D d efS d UV] V_VcRU c UVSV_ VdeRc
T _VTeRU d R f_R fV_eV UV Rd T ac U aRcR df _ decRc
qd UV] , ! UV is V_ ( ] ddR] UR UV Rd Vd V] ]f Rc U _UV dR]V V] )
xx

c
Rd UV ]R S ]dR R] SVSr j U _UV dV T ] TR f_R RdTRc ]]R RT R]& Z % /0
f_R RdTRc ]]R ]Rcs_ VR f_ efS V_U ecRbfVR](

: R_u Vec R_u Vec % UV ]R acVd u_ UV _ ]RU

fe ] kRUR UfcR_eV ]R NHH :] f_Rd S ]dRd eV_Ucq_ f_
R_u Vec _T ca cRU j ecRd _VTVd eRcq_ f_
RU[f_e ( >] d e UV] RU[f_e dfV]V VdeRc TVcTR UV] ? fcR .:( ( ; ]dRd Rfe _ ]RS]Vd T _ UVaud e
TVccRU 1:% j RS Vce 1;%

11
 dR] UR UV] aRT V_eV( V] d e UV T _Vi u_ UV] R_u Vec dV UV[R
RS Vce & d _ f_ R_u Vec T _VTeRU & V] R cV dV VdTRaRcq j
Vg eRcq bfV R]TR_TV ]R acVd u_ UV _ ]RU ( F T _VTeV V] efS UV
V_ecRUR UV is V_ R] d e UV T _Vi u_ UV] R_u Vec ( >de
a UcsR V_VcRc f_R acVd u_ R]eR _ UVdVRUR( DR Rj csR UV ]Rd

EaTbXs S ]dRd Rfe _ ]RS]Vd eR S r_ e V_V_gq]gf]R UV ] SVcRT u_ UV

ST P Q bP acVd u_ a a' %( >deRd gq]gf]Rd V_VcR] V_eV Vdeq_
T _ fcRURd aRcR ] SVcRcdV R - T R. T A, acVd u_& aVc
_ d _ T _ RS]Vd j Vd a d S]V bfV _ dV ] SVcV_ RdeR bfV dV
) R]TR_TV_ acVd _Vd qd R]eRd(
HP XSP ST _PRXT cT )
)
DRd S ]dRd Rfe _ ]RS]Vd e V_V_ T _[f_e UV gq]gf]R
T ] TRU V_ecV ]R S ]dR j ]R dR] UR UV] aRT V_eV ? fcR
:g P s .:(,%( <fR_U dV Rac VeR ]R S ]dR UfcR_eV ]R
P)a
gV_e ]RT u_& ]R gq]gf]R dV RScV j U c V V] Rd RT R
V] aRT V_eV( <fR_U ]R S ]dR dV gfV]gV R _ ]Rc& ]R gq]gf]R dV
T VccR( >de Vg eR bfV V] R cV Vi R]RU a c V] aRT V_eV V_ecV
V_ ]R S ]dR j gfV]gR R cVda cRc( :] f_Rd S ]dRd Rfe _ ]RS]Vd
9T _PRXT cT
eR S r_ e V_V_ f_EBJ:J ?MJLBN:E>FL>
XVdaP ,6 < _[f_e UV gq]gf]R UV_ec UV f_R S ]dR Rfe _ ]RS]V gq]gf]R(

lE a dp bT dbP d ST_sbXc ST gqVT T d P Q bP Pdc X U PQ T5

M_ UVaud e UV is V_ Vd f_ RaRcRe bfV dV afVUV T ] TRc d ScV ]R V_ecRUR UV R cV UV

]R S ]dR( >] Rd UV ]R ] TfRU cR dV RTf f]R V_ V] UVaud e ( : gV] T URUVd UV ]f[ fj
SR[Rd& V] UVaud e Vg eR bfV V] Rd VkT]RU dV U ]fjR T _ V] R cV UV ]R RS eRT u_( ARj
gRc d e a d U VcV_eVd UV UVaud e d UV is V_ U da _ S]Vd& aVc e U d cVR] kR_ ]R
d R f_T u_( :] f_ d e V_V_ ViecV d RS Vce d T ]Rd % j ec d aRcVTV_ f_R S ]dR
bfV TfScV ]R V_ecRUR UV R cV(

7 7 bP ST aTP X PRXs X U PSP _ a U dY

l8do Tb b Pb _PacTb ST d P Q bP X U PSP _ a U dY 5

ARj 0 aRceVd V_ f_R S ]dR _ ]RUR a c ]f[ ? fcR .:(-%(

G R] UR UV Rd

?% ER_u Vec

EB% >_ecRUR UV Rd

2 Nq]gf]R UV ] SVcRT u_ UV acVd u_ aT _R]%

LfSVcsR UV Rd

G Nq]gf]R UV T _ec ] UV ]f[

)((
 ,

? cR fcV .:(-( HRceVd UV f_R S ]dR _ ]RUR a c ]f[

>] Rd T ac U UV] VkT]RU c j V] VU U c UV ]f[ _ cVdR R ]R S ]dR R ecRgrd UV f_

efS UV is V_ T _VTeRU R] >_ecRUR UV Rd( ] d dR] UR UV Rd Vd V] ]f Rc U _UV dR]V V]
Rd UV ]R S ]dR R] SVSr j U _UV dV T ] TR f_R RdTRc ]]R RT R]& f_R RdTRc ]]R ]Rcs_ VR
f_ efS V_U ecRbfVR]( B_T]fd d a]R_VR fdRc , ! UV is V_ aRcR NHH& UVSV eV_Vc f_R
fV_eV UV Rd T ac U aRcR ]]V_Rc ]R S ]dR UV _ ]RU a c ]f[ (

] d gq]gf]R UV T _ec ] UV ]f[ ac a cT _R f_R f R R[fdeRS]V bfV ]V aVc eV

cV f]Rc ]R acVd u_ V_ ]R S ]dR( DR f R R[fdeRS]V aVc eV bfV V] ViTVd UV Rd dV
VdTRaV V_ ]f Rc UV _ ]Rc UV Rd RU ]R S ]dR dVc ckRU UV_ec UV] aRT V_eV( DR
gq]gf]R UV T _ec ] UV ]f[ R[fdeR eR_e ]R acVd u_ qi R UV _ ]RU HBH% T ]R
H>>H(

DRd S ]dRd UV _ ]RU a c ]f[ e V_V_ f_ d e aRcR T ] TRc f_ R_u Vec ( >] d e UV
[RT u_ dfV]V VdeRc TVcTR UV ]R dR] UR UV] aRT V_eV( V UVSV T ] TRc f_ R_u Vec
V] d e dVcq f_R fV_eV UV f R j ]R S ]dR _ dV _ ]Rcq T ccVTeR V_eV( :gq]gf]R UV
] SVcRT u_ UV acVd u_ a a' % eR S r_ afVUV VdeRc acVdV_eV(

l8s Ud RX P d P Q bP X U PSP _ a U dY 5

HRcR bfV f_R S ]dR _ ]RUR a c ]f[ f_T _V T ccVTeR V_eV& UVSV RSVc f_R
]f[ UV Rd UVdUV ]R fV_eV j f_ d deV R dV]]RU ( >] _ ]RU UV ]R S ]dR dV T _ec ]R
VU R_eV V] Vbf ] Sc V_ecV V] Rd bfV V_ecR V_ ]R S ]dR j V] Rd bfV dR]V(
]R gq]gf]R UV T _ec ] UV ]f[ R[fdeRS]V j V] Rd bfV dR]V a c ]R dR] UR UV Rd( M_R S ]dR
_ ]RUR a c ]f[ _ dV _ ]Rcq RUVTfRUR V_eV d ]R RdTRc ]]R _ Vdeq dV]]RUR
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cP QXp bT _dTST dcX XiPa R P _RXs EadTQP ST PQX XSPSTb X cTVaP " _adTQP

SdaP cT d Rdab _PaP _a eTTS aTb

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f_R( p<fq]Vd d _ ]Rd _U TRT _Vd UV HHN9 p<fq_U afVUV UV[Rc UV HHN9

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<( p<fq] Vd ]R T _TV_ecRT u_ UV is V_ cVT V_URUR aRcR T V_kRc ]R NHH V_ f_

cVT r_ _RT U Rj c fR] R ]Rd -/ dV R_Rd UV VdeRT u_9 pHRcR f_ cVT r_
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=( p<fq] Vd ]R acVd u_ j ]R cVTfV_T R UV gV_e ]RT u_ _ T R] cVT V_URURd aRcR f_

cVT r_ _RT U R erc _ 9

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cR ( p<fq]Vd d _ ]Rd _U TRT _Vd UV ]R <H:H9 GaT _R]%

( p<fq] Vd V] ac aud e UV f_R d _UR c qdec TR9

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[( p>_ bfr V_e UVSV ac TVUVc R ]Rd T acVd _Vd e cqT TRd9

2 EaPRcXRP ' aT_PbP TbcPb PQX XSPSTb T _ df _decfTe c UV FJH(

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<( < ] bfV ]R TRSVkR j V] TfV]] UV] cVT r_ _RT U V_ a d T u_ UV ] ReV (

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( JVR] TV ] d aRd d T ccVTe g d UV gV_e ]RT u_ EJ( GH:%(

?( :U _ decV NHH R ]R cVTfV_T R& acVd u_ j T _TV_ecRT u_ UV

is V_ T ccVTeRd a c af]d i VecsR(

cR ( Me ] TV V] R RccV UV , R_ d T _ V af[V UV ]R R_UsSf]R(

( fdaV_UR ]R NHH U d _fjV_U ]R cVTfV_T R j ]R acVd u_ R VU UR bfV V] SVSr

T V_kR R cVda cRc(

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q S e UV cVda _dRS ] URU%(

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VdTV_Rc d% j UVdV aVt UV ]Rd RS ] URUVd cV]VgR_eVd aRcR df c ] j
cVda _dRS ] URUVd( f_R RS ] URU erT_ TR _T]f UR V_ f_ VdTV_Rc _ Vdeq
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cVbf VcV f_R qdTRcR ]Rcs_ VR(

DR ]]R R_ aRcR Rd de c R f_ aRce gR _R]( >] ecRSR[ UV aRce RgR_kR cqa UR V_eV(
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RT V_U (

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EPb b RaqcXR b ST STbT _Tr

:eP dPa T aXTbV _TaX PcP

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p>URU VdeRT _R]9 0 bT P Pb ST VTbcPRXs

pDsbf U T]Rc 9 : q dXS P XscXR Tb caP b_PaT cT

p?RTe cVd UV c Vd RU T _R]Vd9 BP o cXT T X_TacT bXs X SdRXSP _ a T T QPaPi h bd caPQPY ST _Pac P bXS X SdRXS P Pb 0 bT P Pb
ST VTbcPRXs HT P QbTaePS ePaXPb STbPRT TaPRX Tb cPaSqPb ST P T aXP RPaSqPRP UTcP

pH]R_ UV R_V[ UV] T cUu_ f S ] TR]9 ) aTcaPbPao T _X iP XT c ST R aSs HX T QTQp aP cs TbT d T c

_PaP TbcX d Pa HX Ph aTb_dTbcP P_aXTcT h R acT T R aSs

GTt P T dX_
JVv_V V] Vbf a V_ f_T u_ UV ] d RTe cVd UV c Vd aVc _ReR](
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GTP XRT P eTaXUXRPRXs ST T dX_

=P PRXS T QTQp
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ARTV - acV f_eRd UV VgR]fRT u_ cqa UR4

x pLrc _ 9 aeTb

x pL _ fdTf]Rc9 C
x pJVda cR ]] cR9 C X aTb_XaPa X aPa
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JVT SV R] SVSr R f_R eV aVcRefcR qd Tq] UR& dVTR j bf eR ]R c aR& Vde f]R ScVgV V_eV c eR_U ]R VdaR]UR UV] SVSr&
H d T _R ]Rd gsRd cVda cRe c Rd& dfTT _R ]R S TR j ]R _Rc k(

:eP dPa P aTb_XaPRXs HX aTb_XaP R ca T T R aPis ST T aXP

p>deq cVda cR_U V] SVSr9 C "BT aXP RPaSqPRP 4 .( _ bX bT TeP tP

B_U TR ]R _VTVd URU UV HHN

8 XT RT P KEE ST ca ST b .( bTVd S b _ bcTaX aTb P PRX XT c

:a] TR ]R qdTRcR T ccVTeR V_eV

B_ T R ]R NHH V_ is V_ R] , ! R cV R S V_eV% V_ecV , j ,/ T A, H>>H UV / T A, d fe ] kR f_ cVR_ RU c T _ a VkR V_ L&

S ]dR _ ]RS]V a c ]f[ S ]dR Rfe _ ]RS]V T _ gq]gf]R H>>H%5 V c kRc . R 0 cVda cRT _Vd ) _

] T eR R] Rd deV_eV bfV T ] bfV V] dV_d c UV is Vec UV af]d V_ ]R R_ ftVTR UVcVT R UV] SVSr
: gq Tca ST _d b cXT T bTrP

] T eR _ e c TRcUsRT aT _R]%
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aTRdT RXP RPaSqPRP 4 ,( _ bX Pd T cPa

>gR]vR V] g V_e UV] aVT

HX eX XT c ST _TR

EPb b R aaTRcXe b ST eT cX PRXs "BG HDE6

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x :[fdeV UV ]R qdTRcR
x JVa d T _R ]R TRSVkR j V] TfV]]
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HX eX XT c ST _TR

x fTT _R ]R S TR j ]R _Rc k
x :ScV ]R S TR
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
HX eX XT c ST _TR BT aXP RPaSqPRP 4 ,( _ : _d bX gq Tca cXT T bTrP

x :f V_eR ]R acVd u_ UV / R T A, _TcV V_e d RdeR f_ qi UV . T A, aRcR SVSr R erc _

=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
: _TR bT dTeT R EEK "C cP2 V] _decfTe c _U TR bfV V] aVT _ dV fVgV T _ NHH UVdafrd UV VdeR JE( HRd GH:&
] d R]f _ d UVSV_ _dVceRc f_R qdTRcR ]Rcs_ VR( < _df]eV ]R aT u_ -(%

>] Rd deV_eV UV] R]f _ R_f_T R4 >] T cV dV fVgV :AGJ:( < _e _vV T _ ]R NHH UfcR_eV - dV f_U d (

)(1
 EPb b RaqcXR b ST STbT _Tr "R c
: caTVP EEK dT dTeT T _TR

>_ecV R HHN i - dV f_U d(

>] R]f _ _eVccf aV cRUfR] V_eV ]R NHH d V] SVSr e V_V f_ c e TRcUsRT Rj c UV ]a j ]] cR R_eVd UV ] d - dV f_U d
UV HHN(%

>gR]vR V] c e TRcUsRT UVdafrd UV - dV f_U d UV NHH bfV fVgV V] aVT (

BT aXP ST R aPis 4 ) ( _ -E( 4 ., :bUdTai aTb_XaPc aX RPbX P

< _e _vR ]R NHH& R[fdeR ]R T _TV_ecRT u_ UV is V_ a c i VecsR UV af]d & _ e cVR ]R V c R TRcUsRTR j V] Vd fVck cVda cRe c
BT aXP ST R aPis 4 ),( _ HE( 4 /,
: QTQp cXT T d TbUdTai aTb_XaPc aX Tb_ co T RPSP eTi Ph a h TY aP T c dbRd Pa

HRf]Re _R V_eV dfdaV_UV ]R NHH

BT aXP ST R aPis 4 ),( _ HE( 4 / : QTQp cXT T d TbUdTai aTb_XaPc aX UdTacT h R cX d

DgqVT ST U dY XQaT

fdaV_UV V] HHN(
>gR]vR ]R _VTVd URU UV is V_ UV ]f[ ] ScV aRcR R_eV_Vc ]R dRefcRT u_ UV is V_ UV_ec UV] cR_ S[Ve g (
BT aXP ST R aPis 4 ),( _ -E( 4 /( : QTQp cXT T d QdT TbUdTai aTb_XaPc aX Tb_ co T

B_ T R T ccVTeR V_eV V] ]f[ ] ScV UV is V_ (

>gR]vR ]R V c R TRcUsRTR& ]R dRefcRT u_ UV is V_ & V] VdeRU cVda cRe c (
BT aXP ST R aPis 4 ),( _ -E( 4 1( : QTQp cXT T QdT TbUdTai aTb_XaPc aX

:bRT PaX UX P

=VdeVeR V _eVccf aV V] ]f[ ] ScV UV is V_ j R_e V_V ]R dRefcRT u_ UV is V_ UV_ec UV] S[Ve g (
< _ec ]R ]R V c R TRcUsRTR& ]R cVda cRT u_& ]R dRefcRT u_ UV is V_ j ]R eV aVcRefcR(
H]R_ TR ]R ReV_T u_ a dcVdfT eRT u_(
VT f_ TR T _ V] Vbf a aVc _ReR] j ] d aRUcVd(
:_R] kR ]R cVR_ RT u_(
D_RX P 2 8E6E h b SP a VobcaXRP

9Tb_dpb ST bdb_T STa P KEE h T gqVT ST U dY XQaT T aTRXp PRXS P cT XS SXUXRd cPS _PaP aTb_XaPa h aTb_XaPRX Tb R VadrXS b
BT aXP ST R aPis 4 ),( _ HE( 4 0(

6S X XbcaT 8E6E T X bTacT d P b SP a VobcaXRP

:a] TR <H:H R / T A, acVd u_(

:[fdeR ]R T _TV_ecRT u_ UV is V_ a c af]d i VecsR(
BT aXP ST R aPis 4 ),( _ HE( 4 0-

< _e _vR <H:H& R[fdeR ]R T _TV_ecRT u_ UV is V_ a c af]d i VecsR

BT aXP ST R aPis 4 ),( _ HE( 4 1(
: QTQp cXT TO X dc b ST PRXS : TbUdTai aTb_XaPc aX P TY aPS

E UV ]R ac f_U URU UV _dVcT u_ UV ]R d _UR c qdec TR V_ecRd dV cVR] kR ]R <H:H

x < ] TR V] ViecV U deR] UV] efS c qdec T V_ V] afV_eV UV ]R _Rc k j UV RdeR V] ]uSf] UV ]R cV[R j UVdUV V]
]uSf] UV ]R cV[R RdeR f_ af_e R VU TR _ V_ecV ]R Rau d d i UVd j V] S] ( GSdVcgR ]R RcTR UV TV_es Vec d V_ V]
efS ( B_dVceR V] efS a c ]R S TR( JVR_fUR <H:H(
x < ] TR f_R [Vc _ R j ViecRV V] T _eV_ U qdec T ( RTR ]R [Vc _ R UV] efS j UV[R V] ViecV
RS Vce T dR] UR UV R cV(
x HV R V] efS R ]R V[ ]]R UV] SVSr(
:bRT PaX UX P

< _ec ]R ]R V c R TRcUsRTR& ]R cVda cRT u_& ]R dRefcRT u_ UV is V_ j ]R eV aVcRefcR(

H]R_ TR ]R ReV_T u_ a dcVdfT eRT u_(
VT f_ TR T _ V] Vbf a aVc _ReR] j ] d aRUcVd(
:_R] kR ]R cVR_ RT u_(

)) D
D_RXs 2 GTRXp PRXS P cpa X bX UPRc aTb ST aXTbV R RXS b dT X Tb_TaPSP T cT aT dXTaT EEK ":bcT TbRT PaX Tbco SXbTrPS _PaP P

PbXbcT RXP ST ) _Tab P PbXV PSP _PaP PS X XbcaPa P PcT RXs ST aTRXp PRXS P PRTa

EPb b RaqcXR b ST STbT _Tr

:eP dPa T aXTbV _TaX PcP

>gR]vR V] c Vd aVc _ReR] V] R]f _ RTV . acV f_eRd R_eVd UV] _RT V_e j V] _decfTe c O ac gVVU c UV SdeVec T R P cVda _UV%

p>URU VdeRT _R]9 1 bT P Pb ST VTbcPRXs

pDsbf U T]Rc 9 : q dXS P XscXR Tb caP b_PaT cT

p?RTe cVd UV c Vd RU T _R]Vd9 C Ph UPRc aTb ST aXTbV PSXRX P Tb

lE P XUXRP T P TY ST R aSs d QX XRP 5 GTcaPbPap T _X iP XT c ST R aSs HX T QTQp Tbco aP S cs TbT d

T c _PaP TbcX d Pa HX Ph aTb_dTbcP _X R T h R acT T R aSs

:bcT _Pac bTao PcT SXS _ a ) _Tab P RP XUXRPSP

< _ TV ]Rd cVdafVdeRd R ]Rd . acV f_eRd acV_ReR]Vd& UVeVc _R ] d df _ dec d j Vbf a d _VTVdRc d& dRSV Tu ]]R Rc aRcR aVU c RjfUR(

GTP XRT P eTaXUXRPRXs ST T dX_

=P PRXS T QTQp
:eP dPRXs ao_XSP

ARTV - acV f_eRd UV VgR]fRT u_ cqa UR4

x pLrc _ 9 Hq R bT Tb_TaPQP

x pL _ fdTf]Rc9 C
x pJVda cR ]] cR9 C X aTb_XaPa X aPa
EPb b X XRXP Tb T RP T cPS a aPSXP cT

JVT SV R] SVSr R f_R eV aVcRefcR qd Tq] UR& dVTR j bf eR ]R c aR& Vde f]R ScVgV V_eV c eR_U ]R VdaR]UR UV] SVSr&
H d T _R ]Rd gsRd cVda cRe c Rd& dfTT _R ]R S TR j ]R _Rc k(

:eP dPa P aTb_XaPRXs HX aTb_XaP TeP tT P UaTRdT RXP RPaSqPRP

p>deq cVda cR_U V] SVSr9 C " aTRdT RXP RPaSqPRP 4 /( _ bX bT TeP tP

B_U TR ]R _VTVd URU UV HHN

Me ] kR f_ ac TVd VdeR_URc kRU aRcR ]]R Rc R] Vbf a UV cVR_ RT u_

8 XT RT P KEE .( bTVd S b STb_dpb ST PRX XT c

< ] TR ]R TRSVkR V_ a d T u_ UV ] ReV (

:a] TR ]R qdTRcR T ccVTeR V_eV

B_ T R ]R NHH V_ is V_ R] , ! R cV R S V_eV% V_ecV , j ,/ T A, H>>H UV / T A, d fdR f_ cVR_ RU c T _ a VkR V_ L&

S ]dR _ ]RS]V a c ]f[ S ]dR Rfe _ ]RS]V T _ gq]gf]R H>>H%5 V c kRc . R 0 cVda cRT _Vd ) _

] T eR RjfUR RU T _R] RdeR bfV ]]V fV V] Vbf a UV cVR_ RT u_(

] T eR ]R T ] TRT u_ UV] dV_d c UV is Vec UV af]d V_ ]R R_ ftVTR UVcVT R UV] SVSr

] T eR _ e c TRcUsRT aT _R]%
=V_ec UV ] d / dV f_U d UV T V_kRc ]R NHH& d ] T eR f_R gVc TRT u_ UV V c R UV] T cRku_ aRcR VgR]fRc d ]R V c R UV] T cRku_ Vdeq Rf V_eR_U

aTRdT RXP RPaSqPRP 4 /( _ h Pd T cP HE( 4 ..

>] R]f _ ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (

HX eX XT c ST _TR

)))
 EPb b RaqcXR b ST STbT _Tr "R c
EPb b R aaTRcXe b ST eT cX PRXs "BG HDE6
>] _decfTe c UVeVc _R Tfq_e d EJ( D d aRd d UV ]R GH: aRcR fdRc R_eVd UV ]R NHH afVUV_ ac g TRc f_ g V_e UV] aVT

x :[fdeV UV ]R qdTRcR
x JVa d T _R ]R TRSVkR j V] TfV]]
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
HX eX XT c ST _TR

x fTT _R ]R S TR j ]R _Rc k
x :ScV ]R S TR
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
HX eX XT c ST _TR BT aXP ST R aPis 4 /( _ HE( 4 ..

x :f V_eR ]R acVd u_ V_ / aRcR ] G T A, _TcV V_e d RdeR f_ qi UV . T A, aRcR cVT r_ _RT U R erc _
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
: _TR bT dTeT R EEK "C cP2 V] _decfTe c _U TR bfV V] T cV _ dV fVgV UVdafrd UV VdeR JE( HRd GH:& ] d R]f _ d
UVSV _dVceRc f_R qdTRcR ]Rcs_ VR( < _df]eV ]R aT u_ -(%

>] Rd deV_eV UV] R]f _ R_f_T R4 >] T cV dV fVgV :AGJ:( < _e _vV T _ ]R NHH UfcR_eV - dV f_U d (

: caTVP EEK dT dTeT T _TR

>_ecV R HHN i - dV f_U d(

>] R]f _ afVUV _eVccf a c cRUfR] V_eV ]R NHH d V] SVSr e V_V f_ c e TRcUsRT Rj c UV ]a j ]] cR R_eVd UV ] d -
dV f_U d UV HHN(%

>gR]vR ]R V c R UV] T cRku_ j VgR]vR ]R _VTVd URU UV is V_ dfa]V V_eRc UV ]f[ ] ScV
BT aXP ST R aPis 4 ) ( _ HE( 4 / : QTQp cXT T d TbUdTai aTb_XaPc aX RPSP eTi Ph a

fdaV_UV cRUfR] V_eV ]R NHH& _ e cVR ]R V c R TRcUsRTR j V] Vd fVck cVda cRe c

BT aXP ST R aPis 4 ),( _ -E( 4 /- h Pd T cP S : QTQp aTb_XaP R aTVd PaXSPS T c dbRd Pa Tbco TY aP S

:bRT PaX UX P

fdaV_UV V] HHN(
< _ec ]R ]R cVTfV_T R TRcUsRTR& ]R cVda cRT u_& ]R dRefcRT u_ UV is V_ j ]R eV aVcRefcR(
VT f_ TR T _ ] d V Sc d UV] Vbf a UV cVR_ RT u_ R VU UR bfV ]]V R_(
:TefR] kR R ] d aRUcVd j ]Vd _ c R d ScV ] d acui d aRd d(
:_R] kR ]R cVR_ RT u_(

D_RXs 2 : aTRXp PRXS P cpa X Tb SXUqRX ST eT cX Pa R d P PbRPaX P h aT dXTaT d P PbRPaX P Paq VTP

EPb b RaqcXR b ST STbT _Tr

:eP dPa T aXTbV _TaX PcP

>gR]vR V] c Vd aVc _ReR] V] R]f _ RTV . acV f_eRd R_eVd UV] _RT V_e j V] _decfTe c O ac gVVU c UV SdeVec T R P cVda _UV%

p>URU VdeRT _R]9 ,( bT P Pb ST VTbcPRXs

pDsbf U T]Rc 9 : q dXS P XscXR Tb caP b_PaT cT

p?RTe cVd UV c Vd RU T _R]Vd9 6 Vd Pb STbPRT TaPRX Tb ST R aPis UTcP T b t cX b ( X dc b

pH]R_ UV R_V[ UV] T cUu_ f S ] TR]9 B aTcaPbPao T _X iP XT c ST R aSs HX T QTQp aP ) ))c P d STbRP b aRcR
TbcX d Pa P QTQp HX Ph aTb_dTbcP ) ))bdYTcPa h R acPa T RPQ T
GTt P T dX_

JVv_V V] Vbf a V_ f_T u_ UV ] d RTe cVd UV c Vd aVc _ReR](

<fR_U ]R ac SRS ] URU UV cVR_ RT u_ Vd SR[R& f_R aVcd _R TR] TRUR UVSV Rd de c R] aRce (
Vi deV_ RTe cVd UV c Vd & R] V_ d , aVcd _Rd TR] TRURd UVSV_ VdeRc acVdV_eVd v_ TR V_eV aRcR T _ec ]Rc R]
SVSr( >] _v Vc UV V Sc d UV] Vbf a j ]Rd TR] TRT _Vd gRcsR_ dV v_ V] c Vd (

HX T _Pac bTao PcT SXS _ a ) _Tab P

< _ TV ]Rd cVdafVdeRd R ]Rd . acV f_eRd acV_ReR]Vd& UVeVc _R ] d df _ dec d j V] Vbf a _VTVdRc d& dRSV Tu ]]R Rc aRcR aVU c RjfUR

))
 EPb b RaqcXR b ST STbT _Tr "R c
HX T PRX XT c Pao bTaPbXbcXS _ a d T dX_ aTP XRT d P bTbXs X U a PcXeP _aTeXP P P aTP X PRXs

BUV_e TR R] ]sUVc UV] Vbf a (

>gR]vR ] d RTe cVd UV c Vd & UV]V R eRcVRd& UV_e TR bf r_ U Tf V_eRcq ] d VgV_e d& UVeVc _R ] d df _ dec d j V] Vbf a
_VTVdRc & dRSV Tu ]]R Rc aRcR SeV_Vc RjfUR RU T _R](

:eP dPRXs ao_XSP

ARTV - acV f_eRd UV VgR]fRT u_ cqa UR4

x pLrc _ 9 Hq _PaTRT dT bT Tb_TaP cTa Pb

x pL _ fdTf]Rc9 C
x pJVda cR ]] cR9 C X aTb_XaPa X aPa
EPb b X XRXP Tb T RP T cPS a aPSXP cT

JVT SV R] SVSr R f_R eV aVcRefcR qd Tq] UR& dVTR j bf eR ]R c aR& Vde f]R ScVgV V_eV c eR_U ]R VdaR]UR UV] SVSr&
H d T _R ]Rd gsRd cVda cRe c Rd& dfTT _R ]R S TR j ]R _Rc k(

:eP dPa P aTb_XaPRXs HX aTb_XaP TeP tT P UaTRdT RXP RPaSqPRP

p>deq cVda cR_U V] SVSr9 C "=T ac a cT 4 /( _ bX Tbco bbTbX PS

B_U TR ]R _VTVd URU UV NHH(

] T eR RjfUR _ VU ReR UV aVcd _R j fe ] kR f_ re U VdeR_URc kRU aRcR d ] T eRc RjfUR RU T _R](

8 XT RT P KEE ST ca ST b .( bTVd S b _ bcTaX aTb P PRX XT c

< ] TR ]R TRSVkR V_ a d T u_ UV ] ReV (

:a] TR ]R qdTRcR T ccVTeR V_eV

B_ T R ]R NHH V_ is V_ R] , ! R cV R S V_eV% V_ecV , j ,/ T A, H>>H UV / T A, d fdR f_ cVR_ RU c T _ a VkR V_ L&

S ]dR _ ]RS]V a c ]f[ S ]dR Rfe _ ]RS]V T _ gq]gf]R H>>H%5 V c kRc . R 0 cVda cRT _Vd ) _

] T eR ]R T ] TRT u_ UV] dV_d c UV is Vec UV af]d V_ ]R R_ ftVTR UVcVT R UV] SVSr

] T eR _ e c TRcUsRT aT _R] V_ VdeV V_e %

=V_ec UV ] d / dV f_U d UV T V_kRc ]R NHH& d ] T eR f_R gVc TRT u_ UV V c R UV] T cRku_ aRcR VgR]fRc d ]R V c R UV] T cRku_ Vdeq Rf V_eR_U

=T ac a cT 4 /( _ h Pd T cP HE( 4 ./
H UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT
HX eX XT c ST _TR

GTP XRT b _Pb b R aaTRcXe b ST eT cX PRXs "BG HDE6

>] _decfTe c UVeVc _R Tfq_e d EJ( D d aRd d UV ]R GH: bfV dV UVSV_ fdRc R_eVd UV ]R NHH afVUV_ ac g TRc f_ g V_e UV] aVT (

x :[fdeV UV ]R qdTRcR
x JVa d T _Rc ]R TRSVkR j V] TfV]]
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
HX eX XT c ST _TR aTRdT RXP RPaSqPRP 4 /( _ h bX Pd T cPa HE( 4 ./

x fTT _R ]R S TR j ]R _Rc k
x :ScV ]R S TR
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
HX eX XT c ST _TR aTRdT RXP RPaSqPRP 4 /( _ h bX Pd T cPa HE( 4 .-

x :f V_eR ]R acVd u_ V_ / aRcR ]GT A, _TcV V_e d RdeR f_ qi UV . T A, aRcR SVSr R erc _
=R / cVda cRT _Vd j ]V a UV R] Rd deV_eV bfV VgR]vV V] g V_e UV] aVT (
: _TR bT dTeT R EEK "C cP2 V] _decfTe c _U TR bfV V] T cV _ dV fVgV UVdafrd UV VdeR JE( HRd GH:& R]f _ d
ac TVUVcq T _ ]R _dVcT u_ UV ]R RdTRc ]]R ]Rcs_ VR R cR(%

>] Rd deV_eV UV] R]f _ R_f_T R4 >] T cV dV fVgV :AGJ:( < _e _vV T _ ]R NHH UfcR_eV - dV f_U d (

))
 EPb b RaqcXR b ST STbT _Tr "R c
: caTVP EEK dT dTeT T _TR

>_ecV R HHN bfV fVgV V] aVT i - dV f_U d

] T eR f_R VgR]fRT u_ UV V c R UV] T cRku_

G cT RPaSqPR 4 .( _ h Pd T cP : gq Tca ST _d b cXT T bTrP

EaT_PaPRXs ST P PbRPaX P Paq VTP

H UV RjfUR RU T _R] d Vd _VTVdRc (

< ] TR TRS]Vd aRcR V] aVT j T _VTeR f_ _ e c TRcUsRT & d Rv_ _ ] R VT (

GSe V_V f_R RdTRc ]]R ]Rcs_ VR UV eR Rt j f_R [Vc _ R UV / ] d Vd _VTVdRc _ ]Rc ]R RdTRc ]]R% j f_R d _UR c qdec TR UV /? 0?
d ]R RdTRc ]]R ]Rcs_ VR e V_V f_ afVce UV _dVcT u_

>] Vbf a UV cVR_ RT u_ T _e _vR EJ( HRd d UV GH: T _ RdTRc ]]R V_ecRd V] aVcRU c acVaRcR ]R RdTRc ]]R ]Rcs_ VR

HX Tb TRTbPaX X U Pa P PbRPaX P Paq VTP

B_ ]R cqa UR V_eV ]R ]]R_eR T _ _ qd UV . ] UV R cV aRcR T ac SRc d Rj f Rd(
>iecRV R cV(
DfSc TR ]R aRceV ecRdVcR j ] d ]RU d UV ]R RdTRc ]]R T _ ]fSc TR_eV d ]fS]V V_ R fR& R_eV_ V_U V] ]fSc TR_eV R]V[RU UV] _eVc c UV ]R qdTRcR(
qdTRcR VdTR]u_ aT _R] aRcR fd V_ R_ bfs%

bTaRXs ST PbRPaX P Paq VTP

V T ] TR V_ ]R TRSVkR UV] SVSr( < ] TR ]R TRSVkR UV] SVSr V_ a d T u_ UV ] ReV (

de V_V V] U da d e g R ] ]Rc UV] efS UV ]R gsR RrcVR T _ ]R aRceV _ Vc c TVccRUR UV ]R RdTRc ]]R RT R V] aR] eV UV] SVSr j ]R
TfV_T RS Vce UV ]R RdTRc ]]R cR_U RT R ]R SRcS ]]R UV] SVSr

:ScV ]R S TR UV] cVT r_ _RT U acVd _R_U dfRgV V_eV RT R RSR[ V_ ]R SRcS ]]R UV] SVSr(
B_dVceR ]R af_eR ac _T aR] UV ]R qdTRcR V_ ]R S TR UV] SVSr& V_ ]R aRceV dfaVc c UV ]R ]V_ fR& T _ ]R aRceV _ Vc c UV ]R qdTRcR(
acVd _RU T _ecR V] aR] eV UV] SVSr(

=Vd] kR V] U da d e g RT R RSR[ j RT R Recqd& d f V_U V] T _e c_ UV] aR] eV& T _ f_ g V_e T _e _f aVc dfRgV(
V af[Rc RdeR V_T _ecRc ]R cVd deV_T R UV _ e gR

HX Tb TRTbPaX X U Pa P PbRPaX P Paq VTP

de V_V V] U da d e g V_ df ]f Rc& ] bfV ]V aVc eV ]VgR_eRcdV j RdV_eRcdV V_ecRd _ ]R ]R ]]R_eR _jVTeR_U UV , R . ] UV R cV R ecRgrd UV
]R gq]gf]R UV _ ]RU ( >] ] S a ] e cV ]V[R V] _ ]RU UV ]R ]]R_eR( If eR ]R [Vc _ R(
ER_e V_V ]R RdTRc ]]R ]Rcs_ VR V_ df ]f Rc j T ] TR f_ < UVeVTe c j V] U da d e g HHN

KT cX PRXs R _aTbXs _ bXcXeP R PbRPaX P Paq VTP

DR aVcd _R bfV d de V_V ]R qdTRcR ]Rcs_ VR d de V_V V] U da d e g UV NHH j T V_kR ]R NHH(

>] R]f _ j ) V] Rd deV_eV T _ c R ]R _dVcT u_ VgR]fR_U j R_f_T R ]R acVdV_T R UV

xE g V_e UV aVT d rec T
x _ U d cVda cRe c d S ]ReVcR]Vd
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d: V O O O L O N O 7
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d: V O O O S Q M S a O S O
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d: V SO O O S Q M S 7

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d: V O O Sb O MONSVSO NO S L MS 7

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E O g O S O O S Q M S

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i[¡WbWd e( W h_[d e bW e W o cel_[d e bW b[d]kW \k[hW [b Wc_de fWhW
[nfed[h bW ]bej_i* @i fei_ b[ gk[ [ W _d b_dWh bW fkdjW [ bW e W cko
b_][hWc[dj[ fWhW b[lWdjWh bW [f_]bej_i o l[h bW ]bej_i o bWi k[h Wi le Wb[i*

kWd e Wfh[d [d [b fhe [ _c_[dje feh fh_c[hW l[p( bei ef[hW eh[i j_[d [d W e bWh bW
ck¡[ W( j_hWd e [ bW fWhj[ ikf[h_eh [b cWd]e W _W i c_icei [d kd cel_c_[dje [
WbWd [e edjhW bW [d W ikf[h_eh [b [ * @ije de fhe k _h} bW l_ijW [i[W W o fk[ [
W¡Wh bei bW _ei o bWi [d Wi [b [ A_]khW 1*-.%*

:DGG<:ID C:DGG<:ID

=SQ - ) H je e ehh[ je _pgk_[h W% [ _d ehh[ je [h[ W% fWhW b[lWdjWh [b bWh_d]ei ef_e fWhW [nfed[h bW bWh_d][* G[lWdj[ [b
bWh_d]ei ef_e [d bW _h[ _ d [d bW gk[ WfkdjW [b cWd]e7 de ]_h[ d_ WbWd [[ [b cWd]e edjhW bW [d W ikf[h_eh [b [ *

IejW6 @ijW b[ _ d [i h_ [ ce ebe Wh bW fkdjW [ bW e W

[d bW lWb kbW fWhW b[lWdjWh bW [f_]bej_i* @d Wb]kdei Wiei(
ed [ bW lWb kbW [i f[gk[¡W e bW [f_]bej_i [i ]hWd [ o
\b} _ W( fk[ [ i[h d[ [iWh_e kiWh bW fkdjW [ bW e W fWhW
ikWl[c[dj[ b[lWdjWh bW [f_]bej_i _h[ jWc[dj[*
D
, GWi k[h Wi le Wb[i o bW ]bej_i WfWh[ [d [d [b
cko ikf[h_eh [ ik l_ijW c_[djhWi c_hW W _W
W W e [b bWh_d]ei ef_e* Pd Wi_ij[dj[ fk[ [
Wok Wh W l[h bW ]bej_i kiWd e [b fkb]Wh o [b d _ [
T
fWhW [ [h [h kdW fh[i_ d ikWl[ ie h[ bW j_he_ [i o
[b Whj bW]e h_ e_ [i [b [ A_]khW 1*-/%*
?[ [d _h_]_h bW fh[i_ d W _W W W e o W _W bW
eh[ W [h[ W [b [ *
=SQ - ) GW fh[i_ d j_he_ [W o h_ e_ [W fhefeh _edW W feh kd
, D [dj_\_gk[ bei fkdjei [ h[\[h[d _W bWl[ A_]khW 1*-0%* N_ [b
Wi_ij[dj[ fk[ [ c[ ehWh bW l_ikWb_pW _ d [ bWi k[h Wi le Wb[i o bW
GW fkdjW [ bW e W [ij} ebe W W ehh[ jWc[dj[ ]bej_i* Kh[i_ed[ W _W W W e o W _W bW eh[ W [h[ W [b [ *
[d bW lWb kbW( [ [h W l[h bW [f_]bej_i eb]Wd e*

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 fWoWie [i [ Whh_ W o bWi k[h Wi le Wb[i _h[ jWc[dj[ [ W e* GWi k[h Wi
le Wb[i WfWh[ [d ece \_dWi \hWd Wi l[hj_ Wb[i [d \ehcW [ b[jhW _dl[hj_ W toy
V

A S Q M S %
O N

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< P Q

: O N M

A_ ]hWce kh[ 1*-0* C_jei bWl[* @b [ [ij} [d [ _je ikf_de* bei

GW e W [b bWh_d]ei ef_e [ij} [d bW fWhj[ ikf[h_eh [ bW \eje( ieij[d_[d e bW b[d]kW W _W
Whh_ W o \k[hW [b Wc_de*

N_ [ijWi [ijhk jkhWi de ied l_i_ b[i [ _dc[ _Wje( W kij[ bW e W WijW gk[ bWi
[ijhk jkhWi i[ l[Wd* @i fei_ b[ gk[ [ W _di[hjWh e h[j_hWh bW e W
b[djWc[dj[ fWhW l[h bWi k[h Wi le Wb[i A_]khW- )-

A_ ]hWce kh[ 1*- N* < _ed[i ehh[ j_lWi fWhW bW

E L OV 8MMS M OM S
cWbW l_ikWb_pW _ d [ fkdjei [ h[\[h[d _W
A Q O OVL OVg SM

khWdj[ bW bWh_d]ei ef_W

A S Q M S O O Q 8 b R T
S O N PSMSO OVO O OT NO N R T Vg OT

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N_ bW e W de i[ _di[hjW be ik\_ _[dj[( l[h} bW Wi[ [ bW b[d]kW o bW \Wh_d][
feij[h_eh A_]khW 1*-2%* CW]W WlWdpWh bW e W b_][hWc[dj[ WijW gk[ bW
[f_]bej_i gk[ [ W bW l_ijW*

N_ bW e W i[ _di[hjW [cWi_W e( l[h} iebe [b [i \W]e A_]khW

1*-3% o [ [h} h[j_hWh bW e W b_][hWc[dj[ WijW gk[ bW
[f_]bej_i W_]W [i [ Whh_ W*

A_ ]hWce [h[i N* - 2* @b bWh_d]ei ef_e de A_ ]hWce [h[i N* - 3* GWh_d]ei ef_e A_]khW 1*-4* <if_hW _ d [
[ij} be ik\_ _[dj[c[dj[ _di[hjW e* _di[hjW e [cWi_W e* Nebe [b [i \W]e i[ h[ _ed[i khWdj[ bW bWh_d]ei ef_W
G[d]kW o \Wh_d][ feij[h_eh l_ijW ei khW* [i l_i_ b[*

N_ bei fkdjei [ h[\[h[d _W WdWj c_ ei [ij}d e ijhk_ ei feh

i[ h[ _ed[i( kj_b_ [ kd Wj j[h [ jWcW¡e -, A e -. A fWhW
[b_c_dWh bWi i[ h[ _ed[i [ bW e W o bW \Wh_d][ A_]khW 1*-4%*

O OO L O N O

J PdW l[p gk[ WoW _ [dj_\_ W e bWi k[h Wi le Wb[i( cWdj[d]W

[ijW b[p W [b bWh_d]ei ef_e o cWdj[d]W bW l_ijW [ bWi
k[h Wi le Wb[i( c_[djhWi kd Wi_ij[dj[ ebe W [b jk e
[d ejhWgk[Wb [d ik cWde [h[ W* Ddi[hjWh
[b jk e [d [b bW e [h[ e [ bW e W [b [ (
\k[hW [ bW e W( ed bW khlW d WlW [d [b fbWde
eh_pedjWb A_]khW 1*-5%* Ie _di[hj[ [b jk e W
jhWl i [b WdWb W _[hje [b bWh_d]ei ef_e* @ije A_ ]hWce kh[ 1*-5* Ddi[h _ d [b jk e [d ejhWgk[Wb [d [b
e ijhk_h} ik l_i_ d [ bWi k[h Wi le Wb[i* bW e [h[ e [ bW e W*

KWi[ [b jk e feh [b bW e [h[ e [b [ *

e W W _W bWi k[h Wi le Wb[i* < c[ _ W gk[ bW fkdjW i[ W [h W W bWi k[h Wi le Wb[i(
]_h[ bW khlWjkhW [b jk e W _W [b fbWde l[hj_ Wb fWhW gk[ bW fkdjW i[ _h_ W W _W Whh_ W*
kWd e bWi k[h Wi le Wb[i i[ W hWd( _di[hj[ [b jk e WijW gk[ bWi k[h Wi le Wb[i [ij d
ebe W Wi [djh[ bWi b d[Wi ]k W cWh W Wi [d [b jk e* N_ ik Wi_ij[dj[ b[ [ij} Wfb_ Wd e kdW
fh[i_ d ikWl[ ie h[ bW j_he_ [i o [b h_ e_ [i( [i fei_ b[ gk[ i_[djW gk[ [b jk e fWiW feh
[ W e [ iki [ ei* J i[hl[ bW cWh W [ fhe\kd _ W [d [dj c[jhei [d bW fWhj[
[nj[h_eh [b jk e gk[ i[ Wb_d[W ed [b bW _e ikf[h_eh [b [ *

N_ bWi k[h Wi le Wb[i [ij}d [hhW Wi( [if[h[ W gk[ i[ W hWd* Ie jegk[ bei
eh ed[i [hhW ei ed bW fkdjW [b jk e o dkd W _dj[dj[ \ehpWh [b jk e

)
 [djh[ eh ed[i [hhW ei* N_ bei W b[i de i[ W h[d [d /, i[]kd ei( [j[d]W o h[Wdk [ bW
l[dj_bW _ d ed kdW c}i WhW WijW gk[ [ij fh[fWhW e fWhW lebl[h W _dj[djWh bW _di[h _ d*

8 OQ OO L O N O

, Pi[ ik [ e d _ [ [h[ e fWhW ieij[d[h [b jk e \_hc[c[dj[ edjhW [b

fWbW Wh khe [b [ * M[j_h[ ed k_ W e [b bWh_d]ei ef_e* i_d [ifbWpWh
[b jk e A_]khW 1(.,%* N_ i[ kj_b_p kd [ij_b[j[( kd Wi_ij[dj[ [ [ h[j_hWhbe
[b jk e [d ejhWgk[Wb( Wi[]kh}d ei[ [ gk[ [ij} ik [jWd e [b jk e
[d ik bk]Wh A_]khW 1*.-%* <kdgk[ [i _cfehjWdj[ ik [jWh [b jk e ed
\_hc[pW( j[d]W k_ W e [ de Wfh[jWh [b jk e ed jWdjW \k[hpW gk[ de
i[ fk[ W gk_jWh [b [ij_b[j[*

A_ ]hWce kh[ 1*.,* @ijW _b_ [ [b jk e edjhW [b A_ ]hWce kh[ 1*.-* Pd Wi_ij[dj[ gk_jW [b [ij_b[j[ ef _edWb
fWbej[ e c[ _bbW [b [ c_[djhWi h[j_hW ed k_ W e [b c_[djhWi [b ef[hW eh ieij_[d[ [b jk e [d ik bk]Wh*
bWh_d]ei ef_e*

O SO h NO L O N O

J Pd Wi_ij[dj[ [ [ W kdjWh kd , . [j[ jeh o

?_ifei_j_le KKQ Wb jk e [d ejhWgk[Wb A_]khW 1*..%*
CW [h gk[ bW c_icW f[hiedW ieij[d]W [b jk e
[d ejhWgk[Wb o [b _ifei_j_le KKQ fk[ [ Wok Wh W [l_jWh bW
[njk W _ d W _ [djWb* PdW l[p gk[ [b _ifei_j_le KKQ [ij
ed[ jW e( ec_[d [ bW l[dj_bW _ d W jhWl i [b jk e*

d: g SOV O NOLO O VS S
))
ec_[dpe

S O NO S L MS 7

Gei fWiei [ _djk W _ d [ [d

A_]khW 1*..* < kdjWh kd , [j[ jeh o _ifei_j_le KKQ
Wb jk e [d ejhWgk[Wb o ec_[d [ bW l[dj_bW _ d* O[d]W [d k[djW bW
ecfb[jWhi[ [d Wfhen_cW Wc[dj[
fei_ _ d i[]khW [ bW cWde kj_b_pW W fWhW cWdj[d[h [b jk e ( OQ N N[ h[gk_[h[ kd jhW W e [d [gk_fe

[d ejhWgk[Wb [d ik bk]Wh* [\[ j_le fWhW h[Wb_pWh [ij[ fhe [ _c_[dje* /, i[]kd ei

) ,
h}f_ Wc[dj[* @b [ de h[ _ [ l[dj_bW _ d khWdj[ [b fhe [ _c_[dje( feh be gk[ [i
\kd Wc[djWb W jkWh h}f_ Wc[dj[* N_ bei i_]dei l_jWb[i [b [ [cf[ehWd khWdj[ [b
fhe [ _c_[dje hW _ Wh _W i[l[hW e _ic_dk _ d [ bW iWjkhW _ d [ en ][de%(
][d[hWbc[dj[ [i fh[\[h_ b[ [j[d[hi[( h[Wdk Wh bW QKK ed kdW c}i WhW o bk[]e _dj[djWh
W]W-d*

Ie i[ h[ ec_[d Wd _dj[djei h[f[j_ ei [ _djk W _ d fehgk[ Wkc[djWh} bW

fhe W _b_ W [ jhWkcWj_ice [ bei j[ _ ei bWd ei o _\_ kbjWh} [b cWd[ e feij[h_eh
[ bWi l Wi h[if_hWjeh_Wi* N_ bei _dj[djei _d_ _Wb[i de j_[d[d n_je( [lWb [ ejhWi
ef _ed[i( _d bk_ e [b kie [ kd l_ [ebWh_d]ei ef_e i_ [ij} _ifed_ b[( ieb_ _jWd e
Wok W [ ejhe fhel[[ eh ed [nf[h_[d _W [d _djk W _ d f* @ *( <d[ij[i_ be]e(
c _ e [b [fWhjWc[dje [ [c[h][d _Wi( c _ e [ k_ W ei h[if_hWjeh_ei(
[d\[hc[he [if[ _Wb_pW e [d d[edWjebe] W( Wi_ij[dj[ c _ e%( _di[hjWd e kd
cWi Wh_bbW bWh d][W e l[dj_bW _ d edj_dkW ed cWi Wh_bbW \W _Wb*

d: V OM PS V OO L O N O O gO
g O 7

Gei c je ei fh_d _fWb[i fWhW ed\_hcWh bW _di[h _ d [b jk e [d ejhWgk[Wb [djhe

[ bW jh}gk[W ied [j[ jWh [b , [n WbW e . o kdW \h[ k[d _W Wh W W [d h}f_ e
Wkc[dje* OWd fhedje ece _di[hj[ [b jk e [d ejhWgk[Wb( ed[ j[ kd ,. [j[ jeh
A_]khW 1*..% o ed\_hc[ bW fh[i[d _W [ , . khWdj[ bW [n WbW _ d* N_ [b jk e [ij}
_di[hjW e ehh[ jWc[dj[ o [ij} fhefeh _edWd e kdW l[dj_bW _ d [\_ Wp W jhWl i [b
jk e( [ [ [j[ jWh [b , [n WbW e*.
[djhe [ 4 W -, h[if_hW _ed[i [ fh[i_ d fei_j_lW*

CWo . j_fei [ , . [j[ jeh[i _ifed_ b[i* Gei _ifei_j_lei ebeh_c jh_ ei
Wc _Wd [ ebeh [d fh[i[d _W [ ,. A_]khW 1*./%* @ijei ied bei _ifei_j_lei
c}i kj_b_pW ei [d bW iWbW [ fWhjei* Gei Wfd ]hW\ei ied ced_jeh[i
[b[ jh d_ ei gk[ ck[ijhWd [b ,. ed [djhW _ d ed W W h[if_hW _ d* A_]hWce kh[ 1*./* @b ebeh_c jh_ e
,. @b [j[ jeh [i l_eb[jW e Wpkb Wdj[i
[ [j[ jWh [n WbW e* ,. <%* @b
[j[ jeh i[ lk[bl[ WcWh_bbe [d [b
fh[i[d _W [ [n WbW e ,. =%*
dE ONO O L O O g O O "( CD O
NO OM 7

N ( [n_ij[d b_c_jW _ed[i fWhW [b kie [ , . [j[ jeh[i* N_ [b jk e i[ _di[hjW [d bW

jh}gk[W( f[he bei fkbced[i de [ij}d W [ kW Wc[dj[ l[dj_bW ei( [i fei_ b[
gk[ de WoW ik\_ _[dj[ , [n WbW e*. fWhW i[h [j[ jW e* @ije fk[ [ e khh_h i_
[b jk e [d ejhWgk[Wb e bW jh}gk[W [ij}d e ijhk_ ei feh i[ h[ _ed[i( de [ij}
kiWd e ik\_ _[dj[ fh[i_ d [ l[dj_bW _ d e Wo ]hWd [i d[kcej hWn _bWj[hWb[i
o bei fkbced[i [ij}d ebWfiW ei* < [c}i( bei [ i ed kdW \h[ k[d _W
Wh W W cko W W e kdW \kd _ d Wh W W _ic_dk_ W ]Wije Wh W e W e%
fk[ [d de bb[lWh ik\_ _[dj[ ,. W iki fkbced[i fWhW i[h [j[ jW ei*

) H
 dE ONO O "( d< NO OM M VLS NO M M N O L CD O g O

g O 7

<kdgk[ [i fe e ec d( [i fei_ b[ gk[ kd , ebeh_c jh_ e _ifei_j_le fWhW

Wc _Wh [ ebeh Wkdgk[ [b jk e de [ij [d bW jh}gk[W OW bW 1)/%*
N_ [b [j[ jeh oW W Wc _W e [ ebeh [d [b fWgk[j[ o [ij} WcWh_bbe
kWd e be h[j_hW( [b _ifei_j_le [ij} [\[ jkeie o de [ [ kiWhi[* N_ i[
W c_d_ijhW [f_d[\h_dW( ikh\W jWdj[ e Wjhef_dW W jhWl i [b jk e
[d ejhWgk[Wb o i[ je W [b fWf[b [djhe [b ,. [j[ jeh( e i_ bWi
i[ h[ _ed[i ]}ijh_ Wi je Wd [b fWf[b( fk[ [d Wc _Wh
f[hcWd[dj[c[dj[ bW fWdjWbbW W WcWh_bbe [ _dkj_b_pWh [b [j[ jeh*

I L -% :( M SVh SM ;O OM E L OV

= OQ S = S S
"< L <HIe <C g O "< L CD <HIe O g O
O CD M VLS NO M O O M M VLS
fh[i_ d [ l[dj_bW _ d _dW [ kW W @b _ifei_j_le [\[ jkeie Wc _ [ ebeh [d [b

Kkbced[i ebWfiW ei fWgk[j[ Wdj[i [ ik kie

I[kcej hWn _bWj[hWb[i edjWc_dW _ d feh [f_d[\h_dW(

ikh\W jWdj[( Wjhef_dW e i[ h[ _ d ]}ijh_ W
H[ceh_W Wh W W cko W W

BWije Wh W e W e
Ok e [d ejhWgk[Wb e ijhk_ e

d: g O S NSM N O NO OO L O gO g O 7

?[ceijhWd e [n WbW e , o e i[hlWd e kd \h[ k[d _W Wh W W [d h}f_ e Wkc[dje

ied bei c je ei fh_cWh_ei [ ed\_hcWh bW _di[h _ d [b jk e [d ejhWgk[Wb [djhe [
bW jh}gk[W*

N_ [b jk e [ij} ebe W e ehh[ jWc[dj[( jWc _ d [ [ e i[hlWh

Ned_ ei h[if_hWjeh_ei _]kWb[i o Wk _ b[i [h W [ Wc Wi Wn_bWi khWdj[ bW QKK

Hel_c_[dje i_c jh_ e [b f[ e ed W W h[if_hW _ d

Ke W e d_d]kdW \k]W [ W_h[ feh bW e W khWdj[ bW QKK

@djhW W [ W_h[ _ic_dk_ W e Wki[dj[ ie h[ [b [ij cW]e

O[d]W k_ W e Wb _dj[hfh[jWh bei ied_ ei h[if_hWjeh_ei [d h[ _ d dW _ ei fehgk[ bei

ied_ ei i[ jhWdic_j[d \} _bc[dj[* kWd e [i k [ bei ied_ ei h[if_hWjeh_ei( ki[ kd
[ij[jei ef_e f[gk[¡e o eb gk[be [h W [ bW Wn_bW* Pd [ij[jei ef_e ]hWd [( e kde
ebe W e [h W [b [djhe [b f[ e( fk[ [ jhWdic_j_h ied_ ei [i [ [b [i \W]e e [b
[ij cW]e*

) .
dF h S OMR OO L O gO g O 7

Ie [i fhe W b[ gk[ [b jk e [ij [d bW jh}gk[W i_ [b , . [j[ jeh 8be[i

de ceijhWh bW fh[i[d _W [ , [n WbW e . [djhe [ 4 W -, h[if_hW _ed[i* Pd jk e
[d ejhWgk[Wb _di[hjW e [d [b [i \W]e de fhefeh _edW l[dj_bW _ d W bei fkbced[i
[b [ o edj_dkWh ki}d ebe iebe h[jhWiW bW l[dj_bW _ d [\[ j_lW* @d bW cWoeh W [
bei Wiei( [ [ gk_jWhi[ [b jk e( h[Wdk Wh bW l[dj_bW _ d ed kdW cWi Wh_bbW(
Wi[]khWhi[ [ gk[ ik [gk_fe [ij [ _ Wc[dj[ fh[fWhW e( Wi[]khWhi[ [ gk[ [b
[ [ij [d kdW fei_ _ d fj_cW o h[f[j_h [b fhe [ _c_[dje ed kd jk e b_cf_e*

M[ k[h [ gk[ bei [ i ed kdW \h[ k[d _W Wh W W cko W W e kdW \kd _ d

Wh W W _ic_dk_ W fk[ [d de j[d[h ik\_ _[dj[ , . W iki fkbced[i fWhW
Wc _Wh [b ebeh [d [b , [j[ jeh* N_ h[[ gk[ [b jk e [ij} ehh[ jWc[dj[
_di[hjW e [d bW jh}gk[W W f[iWh [ bW \WbjW [ , [n WbW e fk[ [ efjWh feh
[ijW _b_pWh [b jk e( lebl[h W _di[hjWh [b bWh_d]ei ef_e [ _dj[djWh ed\_hcWh gk[ [b
jk e fWiW [djh[ bWi k[h Wi le Wb[i* @ij[ fhe [ _c_[dje [ i[]kd W c_hW W
fk[ [ i[h _\ _b o fk[ [ h[jhWiWh [b [ijW b[ _c_[dje [ kdW l[dj_bW _ d [\_ Wp i_ [b
jk e de i[ _di[hjW ehh[ jWc[dj[* N_ i[ ed\_hcW bW fei_ _ d [b jk e o
GW \h[ k[d _W Wh W W [b [ 8de c[ ehW ed bW l[dj_bW _ d W jhWl i [b jk e
[d ejhWgk[Wb( [ij}d _d _ W Wi bWi ecfh[i_ed[i jeh} _ Wi* PdW l[p gk[ i[
c[ ehW [b ]Wije Wh W e( , i[h} [j[ jW e*

d8 h P NSN N O NOLO S O O L O g O 7

@b e [j_le [i _di[hjWh bW fkdjW [b jk e [d ejhWgk[Wb [d bW fWhj[ c[ _W*

[ bW jh}gk[W* @ije ][d[hWbc[dj[ h[gk_[h[ _di[hjWh [b jk e fWhW gk[ [b
GW fkdjW [ij} iebe [ - W . [dj c[jhei feh [ W e [ bWi k[h Wi le Wb[i* @i _cfehjWdj[
de _djhe k _h [b jk e [cWi_W e b[ ei fWhW gk[ bW fkdjW jegk[ bW Wh_dW e [djh[ [d kd
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HS O V O O O L O Q dM V OQ 7

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dF h ONO R MO S O O a N O N N OO
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MONSVSO NO S L MS 7

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[ e*

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d: V O L O N O MMS

OM OMS O O O NO g O 7

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lebl[h W _djk Wh ed kd jk e b_cf_e*

),
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O O O SV SNO Q O S MS OPSM b h NO
L O N O 7

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[\_ Wp*

dF h L OV NOLO M SNO S M NSMS NO LOLh

OV O NO h NO S L MS O N O 7
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[d ejhWgk[Wb fk[ [ [ifbWpWhi[ _dW l[hj_ Wc[dj[* @i fei_ b[ gk[ WoW WlWdpW e c[ _Wdj[ kd jk e [d ejhWgk[Wb o kd
Wif_hW eh jhWgk[Wb*
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: V VSO <TOV
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eckd_ Wh <b fh[fWhWhi[ fWhW _di[hjWh kdW l W W h[W Wbj[hdWj_lW( ieb_ _j[ bWhW o jhWdgk_bWc[dj[ bW
[\[ j_lWc[dj[* ikc_d_ijhei*

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ecfehjWc_[dje*

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),
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Pie _ifed_ b[ N_ i[ d[ [i_jW kdW l W W h[W Wbj[hdWj_lW( f[he bei _dj[djei _d_ _Wb[i [ _djk W _ d de j_[d[d n_je( de
h[ khiei* h[Wb_ [ _dj[djei h[f[j_ ei [ _djk W _ d* Pj_b_ [ iki ejhei h[ khiei( ece ejhW f[hiedW ed
[nf[h_[d _W [d _djk W _ d( kdW c}i WhW bWh d][W e kd l_ [ebWh_d]ei ef_e*
K[hc_jW gk[ je ei bei c_[c hei [b [gk_fe kj_b_ [d iki W _b_ W [i d_ Wi khWdj[ [b fhe [ie [ h[Wd_cW _ d* Keh
[ [cfbe( bei j[hWf[kjWi h[if_hWjeh_ei fk[ [d j[d[h W _b_ W [i lWb_eiWi [if[ \_ Wi fWhW bW _djk W _ d* @b kie [ bWi
W _b_ W [i [b j[hWf[kjW h[if_hWjeh_e khWdj[ bW _djk W _ d fk[ [ f[hc_j_h gk[ ejhe fhel[[ eh ed [djh[ ik Wj[d _ d
[d fh[fWhWh [b [gk_fe fWhW [b W [ie lWi kbWh o bei c[ _ Wc[djei*

D SN NO NO VOT NO M SN N

C}]Wi[ bWi i_]k_[dj[i fh[]kdjWi o ec_[d [ kdW _i ki_ d ed ik [gk_fe i_

[d k[djhW kdW _\[h[d _W [djh[ bWi h[ ec[d W _ed[i [b IMK o be gk[ i[ W [
W jkWbc[dj[ [d ik fhef_e eif_jWb* edi_ [h[ kiWh [b fhe [ie ik][h_ e o bWi
c[ _ Wi [ h[ikbjW e fWhW ]k_Wh ik h[ ef_bW _ d [ Wjei( _ [dj_\_ Wh }h[Wi [
c[ ehW o ced_jeh[Wh i_ iki [i\k[hpei [ c[ ehW [ij}d \kd _edWd e*

E OQ NO VOT NO M SN N

J Lk_ d [i h[ifediW b[ [ l[h_\_ Wh o fh[fWhWh bei ikc_d_ijhei o [b [gk_fe [

_djk W _ d Wdj[i [ W W fWhje:

A% Lk_ d[i ied bei fhel[[ eh[i gk[ j_[d[d W _b_ W [i [ _djk W _ d [d ik fWhje:
W kij[ [ bW W _jW _ d:

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4 ed gk \h[ k[d _W bei fhel[[ eh[i fhW j_ Wd iki W _b_ W [i [ _djk W _ d:

, Gei Wi_ij[dj[i iW [d ce c[ _h o Wi[]khWh kd jk e

[d ejhWgk[Wb:

BONSN NO MO a O N

J ed gk \h[ k[d _W i[ _djk W W bei h[ _ d dW _ ei [d bW iWbW [ fWhjei:

A% kWd e i[ h[gk_[h[ _djk W _ d( ed gk \h[ k[d _W kd fhel[[ eh Wb_\_ W e

fh[i[dj[ [d [b cec[dje [b dW _c_[dje:

HD% ed gk \h[ k[d _W j_[d[ n_je bW _djk W _ d [d [b fh_c[h _dj[dje:

4 ed gk \h[ k[d _W bW _djk W _ d 8be[i h[gk_[h[ c}i [ /, i[]kd ei:

, ed gk \h[ k[d _W e khh[d bei [l[djei W l[hiei khWdj[ bW _djk W _ d:

),,
E OQ P OM O O
dE h NOLO i S O L O N O O NO M VO b M V O S O
gMSM 7 d< O O S SMS NO M V O S O gMSM 7

@d bW cWoeh W [ bWi i_jkW _ed[i( [ij[ fhe]hWcW h[ ec_[d W _di[hjWh kd jk e [d ejhWgk[Wb

Wdj[i [ ec[dpWh bWi ecfh[i_ed[i jeh} _ Wi fWhW ]WhWdj_pWh bW c}n_cW [\_ W _W [
l[dj_bW _ d jWdje Wdj[i ece [ifk i [ gk[ ec_[d [d bWi ecfh[i_ed[i jeh} _ Wi* @d
ck ei Wiei( bW \h[ k[d _W Wh W W [b [ Wkc[djWh} khWdj[ bei /, i[]kd ei [
l[dj_bW _ d feij[h_eh[i W bW _djk W _ d o de i[h}d d[ [iWh_Wi bWi ecfh[i_ed[i*

dE ONO O OON M R LS SN NO NO S L MS O NO Q NS P O NO R S O

Q NS O7

Ie* PdW f[hiedW ed W _b_ W [i [ _djk W _ d [ [ [ijWh [d [b eif_jWb o

_ifed_ b[ fWhW h[ _ _h Wi_ij[d _W _dc[ _WjW i_ bW d[ [i_jW* N_ i[ fh[l bW
d[ [i_ W [ _djk W _ d( [ijW f[hiedW [ [ [ijWh fh[i[dj[ [d bW iWbW [ fWhjei
[d [b cec[dje [b fWhje* Ie [i ik\_ _[dj[ j[d[h W Wb]k_[d [ ]kWh _W [d WiW e
[d kd }h[W h[cejW [b eif_jWb*

dHO NOLO S Sb OVONSM MS ON O O NO S L MS 7

kWd e bW _djk W _ d [ [c[h][d _W i[ h[Wb_pW ece fWhj[ [ bW h[Wd_cW _ d(

][d[hWbc[dj[ de Wo j_[cfe ik\_ _[dj[ e W [ie lWi kbWh fWhW W c_d_ijhWh
fh[c[ _ W _ d i[ Wdj[* @ij[ fhe]hWcW i[ [djhW [d bW h[Wd_cW _ d [b h[ _ d
dW _ e o( feh be jWdje( de i[ _d bko[d bei [jWbb[i [ bW fh[c[ _ W _ d* N[
h[ ec_[d W fh[c[ _ W _ d fWhW _djk W _ d de kh][dj[ [d bW kd_ W [ k_ W ei
_dj[di_lei d[edWjWb[i P DI%*

dE ONO SNO S Q M S O l S S L MS O 7

N ( kd l_ [ebWh_d]ei ef_e fk[ [ i[h kd _ifei_j_le j_b fWhW WfW _jWh W ef[hW eh[i
delWjei o fWhW _djk Wh W kd [ ed kdW l W W h[W _\ _b* Pd l_ [ebWh_d]ei ef_e [i
kd bWh_d]ei ef_e gk[ j_[d[ kdW }cWhW _dj[]hW W gk[ ck[ijhW kdW l_ijW Wcfb_W W [
bWi [ijhk jkhWi [ bWi l Wi h[if_hWjeh_Wi [d kdW fWdjWbbW [ l_ [e* CWo lWh_ei j_fei
_\[h[dj[i _ifed_ b[i( _d bk_ ei bei _ifei_j_lei gk[
ed \ehcW [ bWh_d]ei ef_e jhW _ _edWb o ejhei gk[ j_[d[d kdW khlW c}i
fhedkd _W W* kWd e i[ kiW kd l_ [ebWh_d]ei ef_e( kd _dijhk jeh fk[ [ c_hWh bW
fWdjWbbW [ l_ [e o l[h be gk[ [b Wbkcde l[ _h[ jWc[dj[ W jhWl i [b bWh_d]ei ef_e*
@ije b[ f[hc_j[ Wb _dijhk jeh Wh edi[ ei o ec[djWh_ei o ed\_hcWh gk[ [b ef[hW eh
W _di[hjW e [b jk e [d bW ]bej_i* Gei [ijk _ei Wd [ceijhW e gk[ bei Wfh[d _ [i
Wd c[ ehW e [b n_je [ bW _djk W _ d [d [b fh_c[h _dj[dje kWd e ied ]k_W ei feh
kd _dijhk jeh gk[ kiW kd l_ [ebWh_d]ei ef_e* <b]kdei l_ [ebWh_d]ei ef_ei j_[d[d
kdW \kd _ d [ ]hW W _ d gk[ i[ fk[ [ kj_b_pWh fWhW _d\ehcWh [ifk i [ gk[ i[
ecfb[jW [b fhe [ _c_[dje* KWhW

),H
 kd h[ _ d dW _ e ed kdW l W W h[W _\ _b( kd l_ [ebWh_d]ei ef_e fk[ [ f[hc_j_h Wb ef[hW eh l[h

bWi [ijhk jkhWi [ bWi l Wi h[if_hWjeh_Wi c}i \} _bc[dj[ ed c[dei cWd_fkbW _ d [ bWi l Wi

h[if_hWjeh_Wi* @b kie [ kd l_ [ebWh_d]ei ef_e 8bei be[i h[gk_[h[d [djh[dWc_[dje o fh} j_ W( o bW

e W c}i f[gk[¡W()) <b]kdei l_ [ebWh_d]ei ef_ei ied [cWi_W e ]hWd [i fWhW bei h[ _ d

dW _ ei cko fh[cWjkhei*

A<:: fC H G< H fC
-* Pd h[ _ d dW _ e W [ijW e h[ _ _[d e l[dj_bW _ d ed cWi Wh_bbW \W _Wb( f[he de
[ij} c[ ehWd e* < f[iWh [ h[Wb_pWh bei fh_c[hei 1 fWiei ehh[ j_lei [
l[dj_bW _ d( bW \h[ k[d _W Wh W W de Wkc[djW o Wo kd cel_c_[dje [\_ _[dj[
[b j hWn* PdW l W W h[W Wbj[hdWj_lW( ece kd jk e [d ejhWgk[Wb e kdW c}i WhW
bWh d][W( [ [h W% + de [ [h W% _di[hjWhi[ _dc[ _WjWc[dj[*

.* KWhW [ i gk[ f[i[d c[dei [ - a]( [b jWcW¡e h[ ec[d W e

[b jk e [d ejhWgk[Wb [i .(1 cc% + /(1 cc%*

/* N_ kj_b_pW kd [ij_b[j[( bW fkdjW [b [ij_b[j[ [ [% + de [ [% [nj[d [hi[ c}i Wbb}

[ bei eh_\_ _ei bWj[hWb[i o \_dWb[i [b jk e [d ejhWgk[Wb*

0* @b jWcW¡e [ e W [ bWh_d]ei ef_e fh[\[h_ e fWhW kiWh [d kd h[ _ d dW _ e W j hc_de [i

Ie* -% + Ie* J%*

1* @d bW \eje]hW\ W( gk \b[ W WfkdjW W bW [f_]bej_i:

2* Ie [ [ jecWh c}i [ /,% + 2,% i[]kd ei fWhW ecfb[jWh

[b fhe [ _c_[dje [ _djk W _ d [d ejhWgk[Wb*

3* N_ bW ed _ _ d [ kd [ [cf[ehW [ifk i [ bW _djk W _ d [d ejhWgk[Wb( [dkc[h[ 0

fei_ b[i WkiWi*

b *VVVV ( .* VVVV ( /* VVVVV ( 0* VVVV V

),.
 4* Lk _cW][d ck[ijhW bW \ehcW ehh[ jW [ iW Wh bW b[d]kW [b
Wc_de o [nfed[h bW bWh_d][:

5* CW _di[hjW e kd jk e [d ejhWgk[Wb o [ij} W c_d_ijhWd e l[dj_bW _ d ed

fh[i_ d fei_j_lW W jhWl i [ b* @b , @b [j[ jeh de Wc _W [ ebeh o bW
\h[ k[d _W Wh W W [b [ [ij} _ic_dko[d e* Ge c}i fhe W b[ [i gk[ [b
jk e i[ _di[hj[ [d [b [i \W]e% + jh}gk[W%*

-,* Gei . _d _ W eh[i c}i _cfehjWdj[i [ gk[ [b jk e [d ejhWgk[Wb i[ W

_di[hjW e [d bW jh}gk[W ied bW [ceijhW _ d [ bW [n WbW _ d*
VVVV o e i[hlWd e kd h}f_ e Wkc[dje VVVVVVV *

--* CW _di[hjW e kd bWh_d]ei ef_e o [ij} _dj[djWd e bW _djk W _ d* Q[h}

bW l_ijW gk[ i[ ck[ijhW [d bW i_]k_[dj[ _bkijhW _ d* GW W _ d
ehh[ jW [i W [h WlWdpWh c}i [b bWh_d]ei ef_e% +
h[j_h[ [b bWh_d]ei ef_e%*

),/
 GO O

-* ?[ [ _di[hjWhi[ _dc[ _WjWc[dj[ kdW l W W h[W Wbj[hdWj_lW(

ece kd jk e [d ejhWgk[Wb e kdW c}i WhW bWh d][W*

.* KWhW [ i gk[ f[iWd c[dei [ )a]( [b jWcW¡e h[ ec[d W e

[b jk e [d ejhWgk[Wb [i [ .(1 cc*

/* GW fkdjW [b [ij_b[j[ de [ [ [nj[d [hi[ c}i Wbb} [ bei eh_\_ _ei bWj[hWb[i o
\_dWb[i [b jk e [d ejhWgk[Wb*

0* @b jWcW¡e [ e W [ bWh_d]ei ef_e fh[\[h_ e fWhW ik kie [d kd h[ _ d dW _ e W j hc_de [i [b

Ie* -*

1* GW \b[ W < WfkdjW W bW [f_]bej_i*

2* ?[ [ _dj[djWh de jecWh c}i [ /, i[]kd ei fWhW ecfb[jWh [b

fhe [ _c_[dje [ _djk W _ d [d ejhWgk[Wb*

3* GWi fei_ b[i WkiWi _d bko[d ") jk e [d ejhWgk[Wb [ifbWpW e(

.% jk e [d ejhWgk[Wb e ijhk_ e( /% d[kcej hWn(
0% \WbbW [b [gk_fe*

4* GW _cW][d < ck[ijhW bW \ehcW ehh[ jW [ iW Wh bW b[d]kW [b

Wc_de o [nfed[h bW bWh_d][*

5* Ge c}i fhe W b[ [i gk[ [b jk e i[ _di[hj[ [d [b [i \W]e*

-,* Gei . _d _ W eh[i c}i _cfehjWdj[i [ gk[ [b jk e [d ejhWgk[Wb

i[ W _di[hjW e [d bW jh}gk[W ied bW [ceijhW _ d [n WbW W
,. ,. [j[ jeh Wc _W W WcWh_bbe% o e i[hlWd e kd h_jce Wh W e gk[
Wkc[djW h}f_ Wc[dj[*

)) GW W _ d ehh[ jW [i W [h WlWdpWh c}i [b bWh_d]ei ef_e*

),0
A<:: fC H2 <H:<C8G DH ;< EGe:I :8

L MS O N O

DLTO S NO O NSb TO

J D [dj_\_ Wh Wb h[ _ d dW _ e gk[ h[gk_[h[ _djk W _ d [d ejhWgk[Wb*

\*% ?[ck[ijh[ bW fh[fWhW _ d fWhW bW _djk W _ d( _d bk_ W bW [b[ _ d [b jk e

[b jWcW¡e ehh[ je fWhW [b f[ie [ij_cW e [b h[ _ d dW _ e*

4 ?[ceijhWh bW j d_ W ehh[ jW fWhW _di[hjWh kd jk e [d ejhWgk[Wb

ef[hW eh%*

4 ?[ck[ijh[ [b fWf[b [b Wi_ij[dj[ khWdj[ bW _djk W _ d*

, ?[ceijhWh [ijhWj[]_Wi fWhW [j[hc_dWh i_ [b jk e [d ejhWgk[Wb [ij} [d bW

jh}gk[W( _d bk_ e [b Wkc[dje [ bW \h[ k[d _W Wh W W( [b Wc _e [ ebeh [b
_ n_ e [ Wh ede , .% [j[ jeh( hk_ ei h[if_hWjeh_ei _bWj[hWb[i o
cel_c_[dje jeh} _ e ed l[dj_bW _ d ed fh[i_ d fei_j_lW QKK%*

J ?[ck[ijh[ ce kiWh kd Wif_hW eh jhWgk[Wb fWhW ik _edWh

i[ h[ _ed[i [if[iWi [ bW jh}gk[W*

J @dkc[h[ bWi W _b_ W [i ed k jkWb[i bWl[ [b Khe]hWcW [ h[Wd_cW _ d

d[edWjWb IMK% f[hj_d[dj[i h[bW _edW Wi ed bW _djk W _ d [d ejhWgk[Wb [n_jeiW*

< O MO S NO gM SM O S S + gM SM a O MS

@ijW [i bW i[ k[d _W [b [i [dWh_e [ fh} j_ W ik][h_ W*

J GO S O OQ NO O SPSM MS NO M MSVSO ed ik IMK

_dijhk jeh*

kdW* k}b[i ied bWi _d _ W _ed[i [ bW _djk W _ d [d ejhWgk[Wb khWdj[ bW

h[Wd_cW _ d:

=* ce i[ [j[hc_dW gk jWcW¡e [ jk e [d ejhWgk[Wb i[ [ [ kj_b_pWh

fWhW bWi _ij_djWi [ W [i o f[iei ][ijW _edWb[i:

* Lk . [ijhWj[]_Wi i[ fk[ [d kj_b_pWh fWhW [j[hc_dWh bW fhe\kd _ W [

_di[h _ d [b jk e [d ejhWgk[Wb:

?* k}b[i ied bei _d _ W eh[i fh_d _fWb[i gk[ [j[hc_dWd bW ehh[ jW

_di[h _ d [b jk e [d ejhWgk[Wb: Lk _d _ W eh[i W _ _edWb[i i[ fk[ [d
kj_b_pWh:

),1
 c_* k}b [i [b fWf[b [b Wi_ij[dj[ khWdj[ bW _djk W _ d:

A* k}b[i ied bWi _d _ W _ed[i [ kdW l W W h[W e ijhk_ W o k}b [i bW

_dj[hl[d _ d h[ ec[d W W:

\*% E M SM ' O O R LS SN NO ed ik _dijhk jeh [ IMK*

kdW* P _gk[ o h[ dW bei ikc_d_ijhei o [b [gk_fe d[ [iWh_ei fWhW bW

_djk W _ d( _d bk_ Wi bWi Wok Wi e]d_j_lWi _ifed_ b[i fWhW Wok Whbe(
ece bW jW bW [ jWcW¡ei [ jk ei [d ejhWgk[Wb[i fWhW [ i [
_ij_djWi [ W [i o f[iei o bW jW bW [ bW fhe\kd _ W [ _di[h _ d _d_ _Wb
[b jk e [d ejhWgk[Wb( i_ i[ kiW*

=* KhW j_gk[ e Wok [ ed bei fWiei [ bW _djk W _ d( _d bk_ W bW W c_d_ijhW _ d

[ QKK o bW [lWbkW _ d [ bW _di[h _ d W [ kW W [b jk e [d ejhWgk[Wb [d bW
jh}gk[W*

* KhW j_gk[ [b c je e [ ik kd_ W fWhW Wi[]khWh [b jk e [d ejhWgk[Wb

[d bW iWbW [ fWhjei*

?* KhW j_gk[ [b kie [ kd Wj j[h [ ik _ d o + e kd Wif_hW eh jhWgk[Wb [d Wie [ gk[ bWi

i[ h[ _ed[i [if[iWi e ijhkoWd bWi l Wi h[if_hWjeh_Wi*

LE M S OO " O MO S " M V O S NS SN OS L O
OMSh MSN M V S O O WijW gk[ d[ [i_j[ fe W e d_d]kdW Wok W e
[djh[dWc_[dje*

JE OMMS 1< MS NO O MO S NO gM SM feh fh} j_ W b [h

[i [dWh_e i% o h[Wb_pWh bW _djk W _ d ece ef[hW eh e
Wi_ij[dj[*

, kWd e fk[ [ b_ [hWh bei [i [dWh_ei o h[Wb_pWh bWi W _b_ W [i ed fe W

e i_d [djh[dWc_[dje feh fWhj[ [b _dijhk jeh( fk[ [ fWiWh Wb [i [dWh_e [ fh} j_ W [ bW

i_]k_[dj[ b[ _ d*

< MO S NO gM SM

N[ e\h[ [d ei ef _ed[i [ [i [dWh_ei* @b _dijhk jeh [j[hc_dW bW

Wdj_ W [ f[hiedWi gk[ Wi_ij[d W bei [i [dWh_ei [ fWhje o iki
Wb_\_ W _ed[i o i[ WiWd [d bW feb j_ W [b eif_jWb*

J M[ _ d dW _ e W j hc_de ed \W jeh[i [ h_[i]e gk[ h[gk_[h[ _djk W _ d [d ejhWgk[Wb

\*% M[ _ d dW _ e [ /3 i[cWdWi [ ][ijW _ d ed \W jeh[i [ h_[i]e h[gk_[h[

_djk W _ d o Wif_hW _ d jhWgk[Wb feh ieif[ W [ e ijhk _ d [ bWi l Wi h[if_hWjeh_Wi

)-(
D MS )2 OMSh MSN h VS M P M O NO SO Q O O SO O S L MS O N O

N[ b[ bbWcW fWhW Wi_ij_h W kd fWhje ecfb_ W e feh kd fWjh d [ \h[ k[d _W Wh W W \[jWb [ Wj[]eh W DDD* GW cW h[ gk[ W W bkp [i
kdW fh_c_]h}l_ W [ .4 W¡ei ed /5 i[cWdWi [ ][ijW _ d* ?[ck[ijh[ ce i[ fh[fWhWh W fWhW [b dW _c_[dje [ [ij[ [ * H_[djhWi
jhW W W( _]W iki f[diWc_[djei o W _ed[i [d lep WbjW fWhW gk[ oe i[fW be gk[ [ij} f[diWd e o W _[d e *

E M i SM NO NO OV Oj
< O SO Q O S

@lWb W [b h_[i]e f[h_dWjWb [b Wbkcde W [ 0 fh[]kdjWi fh[dWjWb[i o [b _dijhk jeh S--,= fhel[[ eh-- U h[ifed [%
@ W ][ijW _edWb: 1 OV NO QO MS
G gk_ e bWhe: < i SN V S SM O O O
AW jeh[i [ h_[i]e W _ _edWb[i:
B Vg SO O PSOL O

KbWd [ cWd[ e [b eh d kc _b_ Wb: ) O gO S b VSO NO M N HS O LOLh O g N VO O V VO

O SV LOLh HS R a O O SO O a M OO M N
GOl O S
M[ d[ [b [gk_fe [d \kd _ d [ bei \W jeh[i [ h_[i]e f[h_dWjWb*
N_ [n_ij[d \W jeh[i [ h_[i]e( Wb c[dei . f[hiedWi Wb_\_ W Wi [ [d [ijWh fh[i[dj[i d_ Wc[dj[ fWhW edjhebWh Wb [ *
@b d c[he [ c_[c hei [b [gk_fe o bWi Wb_\_ W _ed[i lWh Wd i[] d [b h_[i]e*

GO SMO O S S P V S O S O SV MS 2

D [dj_\_ W Wb b [h [b [gk_fe*
@lWb W bei \W jeh[i [ h_[i]e( [b[]W jWh[Wi( _ [dj_\_ W gk_ d e kc[djWh} bei [l[djei( [j[hc_dW bei ikc_d_ijhei o [b [gk_fe
d[ [iWh_e( iW [ ce bbWcWh fWhW e j[d[h Wok W W _ _edWb*

GO SMO O SPSM MS NO O S "S M aO O SPSM MS NO VS S aO O S S L MS

? MSN O LOLh
< MS g SN

CW [ / fh[]kdjWi [ [lWbkW _ d h}f_ W6

O hc_de: 8 OMO h VS
Oede cki kbWh: CS
M[if_hW e bbehW: HS O S
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< M O g M VLS N O O :( NO OM = OM O MS M Ni M 5 .( L V a VO N
< iVO NO V O Oj VONSN O VO VOV S M Ni M Vg NO .( L V

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@b Wi_ij[dj[ Wi[]khW [b jk e [d ejhWgk[Wb

HSQ S O

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= OM O MS M Ni M 5 /( L V a VO N 8 OSM -E 5 .0 a VO N
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]k_ d:

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L UP T R P L P LMLU OP L L VL .* P L L OP RP LNTo N Vm TO
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T T L L L PL T LNTo N VPUL( ;P l OPV LNT TP P UP L c N L PV
N Oo MTVTNLV c P P PRL LV P T MPMl L PTN c QV NTO ( TP M OPV P T
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HP PLVTdL V L T TNTLVP P PV MPMl P L PNP QV NTO T P T LNT P

P PL ( HP T TNTL VL P TVLNTo N P To TT L EE N L
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N P T P NTNL TP L P P L LPT P L NL l P P
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P T PQ T L T L P LL L l OPV NL l P MTVTNLV PR TOL OP VL LO N
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PP LVpL VL T P NTo OPV M P O L PLV c VL PQTNLNTL OP VL P TVLNTo c VL
N P T P LV N TOP L NT N L NTL P PNTLVP P POP N VTNL VL
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N P T P NTNL P OP TP P TP L PT P L NL l P c P L T L
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VL bT P mL OP V ( L P PnL NL TOLO OP LT P N T pL QV cP O L L l
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P T L TL R L P( A TO P T L T POP P L OT T TO P PV VLO OPV
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L T P Q NTV P P L L l OPV PNS OPV MPMl c POP L LVP T NV
P P P NTL OP P o Lb( E VLO VL OT T NTo OP V TO
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P O L PLV P PV M T T NT LV OP PNS N LO *' (

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PV bmRP VP P L T P T OTNLO c
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PP L NP c P TV T LL L l OP LL VTL d L PL(
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P T L TL P TR TQTNL T L c 6 P P PV P N VL T MLNTo c VL EE P TMVP P OPML
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P LNT T P N LV P VL Vm PL POTL NVL TN VL 9 ( C
2 E P L P PV T T OP T P NTo N L T l TN o TN c P P L V NLMVP OPV T NL OmLN T PV
LVVL P P TVTdLOL ( P OP P P L L OP VL TPV(

(
 TRL P * /( MTNLNTo L L VL L T LNTo OP OP L P VP LV

3 P P OT TT OP NL l P M P LR UL P N P OP NLVTM P 2 ,* %
P P OTN VL L VL L PO NTNL c U P NT L OP VL N TVVL( AL LR UL P T P L
M P VL L P P T OP VL N TVVL P V RL OP OPMLU OP VL N TVVL L LP T L
P Q L V L L R m P MTNLO OPMLU OP NLOL N TVVL(

L( < NL OP P o Lb OT TUL PV NL l P VTRP L P P SLNTL L TML SLNTL VL

L PQ LV OPV o Lb TR L *(0 (

9( EL L OP L P VP LV OT TUL PV NL l P VTRP L P P SLNTL

LMLU SLNTL L (

* L Pd P P T R P L LV P LNT VP LV P P T L VL LR UL c P
AL UP T RL ,*'0* V N PN LOL L L VVL P OP L OP - mL P
N PN L LV NL l P TR L *(1 (

L( : L O P LM P VL VVL P OP L P P VL UP T RL c PV
NL l P P POP P LN L PV LT P PV Vm TO (

9( : L O VL UP T RL P VVP L VL VVL P OP L POP NP L P SL L

PV PNS TP L P LNmL VL UP T RL(

:( ;P l OP LNTL VL UP T RL P POP V P L LM T VL VVL P OP L P PV

PNS c P POP L T L Vm TO LT P SL L P VL N OTNTo OPV
MPMl SLcL PU LO (

;( EL L P T L VL PT cPNNTo LNNTOP LV OP LT P Vm TO P VL NL TOLO

NTNL P OPMP P P N TOLO LV L T VL VL VVL P OP L (

T( 8V P LN L OP L P VP LV L P RL L P L OPV Vm TO
L L VL P LV LNTo OTLR o TNL(

D HP OPMP M P P L LOT R LQmL L L O N P L VL P P NTL L P NTL

OP P o Lb P TO LV OP L P(

% C L4 HT P OT P OP OT TT OP NL l P M P LR UL LOPN LO P
POP TVTdL L LR UL P PnL P Q L OP L T L ( < P P NL VL
UP T RL c VL VVL P OP L PN PN L LV M N PN LO L VL LR UL(

)
6I T A AL L T LNTo OP P o Lb( AL LR UL P 6I T A : U OP UP T RL c VVL P OP L TVTdLO
T P L M P VL N TVVL c P OT TRP VTRP L P P SLNTL L TML L LL T L P o Lb( AL VVL P OP L P LM P P P PV
SLNTL VL L P OPVL P L OPV PNS ( C L4 <V T T OP L T LNTo NL l P c VL UP T RL O L P VL L T LNTo ( AL VVL P OP L P
PN M PN LVVL P P TVTdLOL L L QT P Q R QTN 5 NTP L T VL UP T RL P VVP L c OPMP LNTL P( 8VR
T P ML R VL lN TNL P l TV OTQTNLOL P LNP LMVP L L N U P TVTdL L LO P L OP L P VP LV(
VL L T LNTo OP P P RP NTL(

3 LN RE LAME A A TM ECI M MACIDN CNM NBRS TCCI M DE AR AR EROI ASN IAR0

AL M NNTo OP VL mL P T L TL P L P P RP NTL P NTLV P P LV( AL mL

P T L TL OPV PNTl LNTO POP P L M TOL PN PNT P P P L LL LVmL

N Rl T L PN O NP L L M NNTo L L o TNL(

?EC ECINMER EROERAR

AL PN PNT P P P L N PN T L R P N l Tb POP
NL L L M NNTo L PLV N VP L( HT P T P L O EE P
PV MPMl PU L c PV o Lb P P P PLVTNP NLOL OP V L
N PN T OP P TVLNTo BG( HDE8 SL L P SLcL T QVLO N lbT V
V P (

HT SL T P LO N PN L P P M P O L PLV L L P TVLNTo P Lp
POP V R L PV T TP OPV o Lb VL PL POP P L M TOL
PN PNT P P P L (: P OP N TMP P VL APNNTo / POP T P L PVT T L VL
PN PNT P OP VL PL L O NL l P OP NNTo / '2 T P LO L L l
OPV M P O L PLV(

HT VL PN PNT P V QTNTP P P P P P L N L L M T N VP VL mL
P T L TL P TMVP P POL PVT T L VL N NL l P OP NNTo OPVRLO ( < P P
NL NNT P OT PN L P P VL PL N L T LO L PLV N PN LO L M
P O L PLV TR L *(2 ( < LMVPdNL VL P To OP NNTo P
2* L ** R ?R N PN P PV M OP NNTo LV L T LO cN PN P PV L T LO
OT PN L P P LV N PN OPV M P O L PLV( 8VR M
P O L PLVP TP P OT TT OP L T LNTo T PR LO OT PnLO L L
NNT L VL PL( DNV cL PV P OP N V OP NNTo OPV L T LO