<%BANNER%>

Oxbow Lakes as Indicators of Geomorphic Change in Southeastern Mississippi

Permanent Link: http://ufdc.ufl.edu/UFE0042336/00001

Material Information

Title: Oxbow Lakes as Indicators of Geomorphic Change in Southeastern Mississippi
Physical Description: 1 online resource (191 p.)
Language: english
Creator: Rasmussen, James
Publisher: University of Florida
Place of Publication: Gainesville, Fla.
Publication Date: 2010

Subjects

Subjects / Keywords: criticality, cutoffs, geomorphology, lakes, oxbows, rivers, selforganized
Geography -- Dissertations, Academic -- UF
Genre: Geography thesis, Ph.D.
bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: OXBOW LAKES AS INDICATORS OF GEOMORPHIC CHANGE IN SOUTHEASTERN MISSISSIPPI This study utilizes oxbow lakes to ascertain the extent and nature of change in a rivers form, focusing on the effects of post 1950s floodplain gravel extraction on the geomorphology of the Leaf River in southeastern Mississippi. In stream and floodplain gravel mining often have noticeable effects in the immediate vicinity of the activity. However it is difficult to establish a connection between mining and dynamic channel conditions that are well removed from the explicitly impacted area. The river and oxbow lakes of a 5 km reach of stream of the Leaf River in southeastern Mississippi, USA were examined for the effects of floodplain and in channel gravel mining. Information from 12 cross sections suggests that the current river is 35% wider and 12% shallower than the cross sectional geometry in the cutoffs. This examination also utilized alluvial cutoffs to measure the bed elevation change of the river from roughly 1911 to 2006. Field measurements reveal that the Leaf River was relatively stable from at least 1911 to the early 1940?s but has since undergone an average of 2.65 meters of degradation in the study reach. Survey data from a nearby USGS stream gage shows that the river degradation began abruptly in the mid 1970?s, most likely as a result of upstream mine pit avulsions that occurred at that time and have since deprived the reach below the mined area of much of its sediment load. This is also a study of meanders and alluvial cutoffs and their tendency toward complex and exhibit non-linear behavior in their development. It has been argued that this behavior is the result of internal processes that compel the river system to self organize. In the case of river meandering this self organization ostensibly takes the form of an increasing reach sinuosity over time which then moves the reach to a critical state where cutoffs are produced, thereby reducing the reach sinuosity and returning the system to a sub critical state where the move toward criticality resumes. This study examines more than 1000km of stream over 50 years, attempting to establish a quantitative link between sinuosity and the development of alluvial cutoffs. To that end, it follows decadal changes in channel sinuosity and records the formation of 127 alluvial cutoffs in the Pascagoula River Basin of southeastern Mississippi, USA. In each case determining the spatial relationship, if any, between the cutoffs that developed on the Pascagoula River and its tributaries over the past five decades.
General Note: In the series University of Florida Digital Collections.
General Note: Includes vita.
Bibliography: Includes bibliographical references.
Source of Description: Description based on online resource; title from PDF title page.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The University of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Statement of Responsibility: by James Rasmussen.
Thesis: Thesis (Ph.D.)--University of Florida, 2010.
Local: Adviser: Mossa, Joann.

Record Information

Source Institution: UFRGP
Rights Management: Applicable rights reserved.
Classification: lcc - LD1780 2010
System ID: UFE0042336:00001

Permanent Link: http://ufdc.ufl.edu/UFE0042336/00001

Material Information

Title: Oxbow Lakes as Indicators of Geomorphic Change in Southeastern Mississippi
Physical Description: 1 online resource (191 p.)
Language: english
Creator: Rasmussen, James
Publisher: University of Florida
Place of Publication: Gainesville, Fla.
Publication Date: 2010

Subjects

Subjects / Keywords: criticality, cutoffs, geomorphology, lakes, oxbows, rivers, selforganized
Geography -- Dissertations, Academic -- UF
Genre: Geography thesis, Ph.D.
bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: OXBOW LAKES AS INDICATORS OF GEOMORPHIC CHANGE IN SOUTHEASTERN MISSISSIPPI This study utilizes oxbow lakes to ascertain the extent and nature of change in a rivers form, focusing on the effects of post 1950s floodplain gravel extraction on the geomorphology of the Leaf River in southeastern Mississippi. In stream and floodplain gravel mining often have noticeable effects in the immediate vicinity of the activity. However it is difficult to establish a connection between mining and dynamic channel conditions that are well removed from the explicitly impacted area. The river and oxbow lakes of a 5 km reach of stream of the Leaf River in southeastern Mississippi, USA were examined for the effects of floodplain and in channel gravel mining. Information from 12 cross sections suggests that the current river is 35% wider and 12% shallower than the cross sectional geometry in the cutoffs. This examination also utilized alluvial cutoffs to measure the bed elevation change of the river from roughly 1911 to 2006. Field measurements reveal that the Leaf River was relatively stable from at least 1911 to the early 1940?s but has since undergone an average of 2.65 meters of degradation in the study reach. Survey data from a nearby USGS stream gage shows that the river degradation began abruptly in the mid 1970?s, most likely as a result of upstream mine pit avulsions that occurred at that time and have since deprived the reach below the mined area of much of its sediment load. This is also a study of meanders and alluvial cutoffs and their tendency toward complex and exhibit non-linear behavior in their development. It has been argued that this behavior is the result of internal processes that compel the river system to self organize. In the case of river meandering this self organization ostensibly takes the form of an increasing reach sinuosity over time which then moves the reach to a critical state where cutoffs are produced, thereby reducing the reach sinuosity and returning the system to a sub critical state where the move toward criticality resumes. This study examines more than 1000km of stream over 50 years, attempting to establish a quantitative link between sinuosity and the development of alluvial cutoffs. To that end, it follows decadal changes in channel sinuosity and records the formation of 127 alluvial cutoffs in the Pascagoula River Basin of southeastern Mississippi, USA. In each case determining the spatial relationship, if any, between the cutoffs that developed on the Pascagoula River and its tributaries over the past five decades.
General Note: In the series University of Florida Digital Collections.
General Note: Includes vita.
Bibliography: Includes bibliographical references.
Source of Description: Description based on online resource; title from PDF title page.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The University of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Statement of Responsibility: by James Rasmussen.
Thesis: Thesis (Ph.D.)--University of Florida, 2010.
Local: Adviser: Mossa, Joann.

Record Information

Source Institution: UFRGP
Rights Management: Applicable rights reserved.
Classification: lcc - LD1780 2010
System ID: UFE0042336:00001


This item has the following downloads:


Full Text

PAGE 1

nrnrnr nnr nnr nrnnrnnn nrnrnr nnnnrnnnn rn

PAGE 2

!"#$!$"%$$#&

PAGE 3

' ()*#+!",-.+/,#&0$!&0)#!1*#/$2*($3!/4#0" ,&)#/#$)$!&0&%/)%/#0"0/#!"$. )*,$",-#$)((%-0&()5#3($$,5-#2,)*(%))*#,/ $%33(/)!&0)*#,&6%,$,),7#&!)%/#)*# ,&$),--#0,&"#

PAGE 4

8 rnnr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n!/)*!&0n&7,/(&"#&)!-1,# &1#$2(%-0!-$(-,4#)()*!&4" +,#-0)#!"(+%$),&($#.-#&&#/"!&$#&!&0(& ($#7#/)2($%""#/$)*# 5/!7#0!--,9!)(/$.1-(%0$(+5,),&9!&0$),&9,&9,& $#1)$.3(,$(&(%$$&!4#$.-,9*)&,&9 $)/,4#$!&0,&0#$1/,5!5-*()$%""#/0!$;!--(&! +-((03-!,&(7#/9/(2&2,)*!& ,&7!$,7#7,&#)*!)(+)#&+(/1#0%$)("#!$%/#(%// !)#(+"(7#"#&),&"#)#/$3#/*(%/ ,&!--2!&))()*!&4"2,+#2*(2!$)*#/##7#/ $)#3(+)*#2!!$0#$,9�. 3-!&�.1(--#1)#0!&01("3,-#0)*#/#$#!/1*)*!)+ (--(2$,&)*,$0,$$#/)!),(&

PAGE 5

? nrnr 3!9# rnnr 8 n @ n A n rr ? :5(2!4#$!$&0,1!)(/$(+,7#/*!&&#-*!&9# ? ,&%($,)!&0)*#-%$)#/,&9(+--%7,!-%)(++$ B *#&+,--,&9(+:5(2!4#$ @ nrnrrnrn &)/(0%1),(& #!$%/,&9,7#/*!&&#-*!&9# !1)(/$++#1),&9,7#/*!&&#-*!&9#,&)*#)%0 /#! #9,(&!-#)),&9 B *##!+,7#/!$,& B !&0$#,$)(/ *#)%0#!1* !)#/,!-$!&0#)*(0$ '' )/#!"!&0%)(++/($$#1),(&$ %)(++!&0!4#9#n$),"!)#$ '8 !4##0)(,7#/5#0n-#7!),(&*!&9#$ 'C #$%-)$ 'B *!&&#-/($$>#1),(&!-#("#)/#!$%/#"#&)$ 'B #0n-#7!),(&#!$%/#"#&)$ 'A ,$1%$$,(& 8 *!&9#$,&*!&&#-#("#)/ 8 *!&9#$,�n-#7!),(& 8' (&1-%$,(& 8B 'rrnnr C &)/(0%1),(& C /(5-#"$(+1!-#!&0,"#,&)%0 C #!&0#/,&9!&0--%7,!-%)(++$,&!&!",1$)#" C' #-+>/9!&,D,&9$)#"$.*/#$*(-0$.!&0/,),1!-,) C@ #9,(&!-#)),&9 B

PAGE 6

C !)#/,!-$!&0#)*(0$ B !)!#$1/,3),(&!&0/,9,& B !)!)!&0!/0$!&0/#3!/!),(& B' !)!!-1%-!),(&$ BC #$%-)$ @ --%7,!-%)(++$ @ *!&&#-,&%($,) @' ,$1%$$,(& @8 --%7,!-%)(++$!&0-%$)#/,&9 @8 ,&%($,)!&0%)(++-%$)#/$ @B #-+>/9!&,D#0/,),1!-,)!&0,&%($,)*!&9#$(7 #/,"#@A (&1-%$,(&$ A8 8nrrn 8 &)/(0%1),(& 8 --%7,!-%)(++$ 8 !4##0,"#&)!),(& B !&0+(/"(&9#7,) #9,(&!-#)),&9 *##!+!&0*,14!$!2*!,7#/$(+)*#!$1!9(%-! !$,& #)!,-#0,#-0)%0<(%/!4#$ !)#/,!-$!&0#)*(0$ 8 !4#/#!!&0#/,"#)#/*!&9#$ 8 ,#-0!)!(--#1),(&!&0&!-$,$ C !4#!)*"#)/&!-$,$ #$%-)$!&0,$1%$$,(& '' --%7,!-%)(++$!&0:5(2!4#$ )/#!")!9#!&0,$1*!/9# 'C !4#%/+!1#/#!($$7#/,"# '@ :5(2!4##0,"#&)!),(&<(/##$%-)$ 8 :5(2!4##0,"#&)!),(&
PAGE 7

B nnnrn @C n A

PAGE 8

@ n !5-# 3!9# >!-013/#$$ nr )/##/,&90!)!!&0-!4#!9##$),"!)#$? >%""!/(+)*#/,7#/1/($$$#1),(&$ ?' >'%""!/(+)*#-!4#1/($$$#1),(&$ ?8 >8*(2,&91%)(++)(/,7#/5#0#-#7!),(&1*!&9# ?? >?*(2,&9-!4#!&0/,7#/!7#/!9#$+(/2,0)*.!/#! ."#!&0#3)*.!&0 2,0)*<0#3)* ?B >C#$%-)$(+)*#,-1(:(&/!&4$%"$)!),$),1!-1( "3!/,$(&+(/2,0)*.!/#!. "#!&0#3)*.!&02,0)*<0#3)* ?A '>%""!/(+1%)(++,&+(/"!),(&+(//#!1*$#9"#&) %$#0,&)*#$)%0AB '>%""!/(+$,&%($,),&+(/"!),(&+(//#!1*$#9" #&)$C '>'%""!/(+$,&%($,),&+(/"!),(&+(//#!1*$#9" #&)$B '>8--%7,!-1%)(++1-%$)#/$!&0$,&%($,)1*!&9#$ @ 8>%""!/(+(:5(2-!4#,&+(/"!),(&+(/+(%/0,7, $,(&$(+)*#$)%0!/#!?B 8>7#/!9#"(&)*-$)/#!"0,$1*!/9#+(/0!)#$2*#& ,"!9#/2!$1(--#1)#0?@ 8>'%""!/(+(:5(2-!4#$%/+!1#!/#!1*!&9#(7#/ ),"#?A 8>83#!/"!&/!&41(//#-!),(&$(+3#/1#&)!9#-!4#$ %/+!1#!/#!-($$!&0/,7#/ 0/!,&!9#!/#!.,&,),!--!4#$%/+!1#!/#!.!&0-!4# 1("3!1)&#$$7,!)*# ,$(3#/,"#)/,16%(),#&) C 8>?%""!/(+$#0,"#&)1(/#1("3(&#&)$+(/-0/,1* .2#&$-%++. #09#2(/)*.!&0,"$-!4#$ CA 8>C%""!/(+$#0,"#&)$,D#$+(/-0/,1*.2#&$%++.#09#2(/)*.!&0,"$ -!4#$ B 8>B%""!/(+-!4#,&+(/"!),(&!&05!)*"#)/>5!$# 0#$),"!)#$(+-!4#. $#0,"#&).!&01%)(++7(-%"#$ B 8>@n$),"!)#(+),"#/#6%,/#0)(+,--,&#!1*-!4# 9,7#&!7#/!9#$#0,"#&)!),(& $,&1#1%)(++!&01%//#&)-!4#7(-%"# BB

PAGE 9

A n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�!)#6%!-, &)#/7!-$ '>C*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#)2##&!-%7,!-1%)(++$!)1*!&,0)*$ '>B*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#)2##&!-%7,!-1%)(++$!)?1*!&,0)*$ '>@*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#)2##&!-%7,!-1%)(++$!)?1*!&,0)*$ 8 '>A*,$)(9/!"(+)*#$3!),!-!$$(1,!),(&$5#)2##& !--%7,!-1%)(++$!)? 1*!&&#-2,0)*$(/(&#"#!&0#/2!7#-#&9)*,&1/#"#&)$ ?

PAGE 10

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

PAGE 11

8>8!)*"#)/"!3+(/,"$!4# BC 8>?(&1#3)%!-"(0#-(+!--%7,!-1%)(++$#0,"#&)!) ,(&B @

PAGE 12

5$)/!1)(+,$$#/)!),(&/#$#&)#0)()*#/!0%!)# 1*(((+)*#&,7#/$,)(+-(/,0!,&!/),!-%-+,--"#&) (+)*# #6%,/#"#&)$+(/)*##9/##(+(1)(/(+*,-($(3* nrnrnr nnr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�+(/)*# #++#1)$(++-((03-!,&!&0,&> 1*!&&#-9/!7#-",&,&9&+(/"!),(&+/("1/($$$ #1),(&$$%99#$)$)*!))*#1%//#&) /,7#/,$'?I2,0#/!&0I$*!--(2#/)*!&)*#1/($$ $#1),(&!-9#("#)/,&)*#1%)(++$

PAGE 13

' *,$#:!",&!),(&!-$(%),-,D#0!--%7,!-1%)(++$)( "#!$%/#)*#5#0#-#7!),(&1*!&9#(+ )*#/,7#/+/("/(%9*-A)(C,#-0"#!$%/#" #&)$/#7#!-)*!))*##!+,7#/2!$ /#-!),7#-$)!5-#+/("!)-#!$)A)()*##!/A8$5%)*!$$,&1#%&0#/9(&#!& !7#/!9#(+C?"#)#/$(+0#9/!0!),(&,&)*#$)%0 /#!1*%/7#0!)!+/("!&#!/5 $)/#!"9!9#$*(2)*!))*#/,7#/0#9/!0!),(&5# 9!&!5/%3)-,&)*#",0AB$. "($)-,4#-!$!/#$%-)(+%3$)/#!"",,)!7%-$, (&$)*!)(11%//#0!))*!)),"#!&0 *!7#$,&1#0#3/,7#0)*#/#!1*5#-(2)*#",�!/#! (+"%1*(+,)$$#0,"#&)-(!0 :5(2-!4#$!/#)*#/#$%-)(+!--%7,!-1%)(++$#$ #!/1*(&"#!&0#/$!&0!--%7,!1%)(++$*!$0#"(&$)/!)#0)*!)$%1*+(/"$!/#1("3-# :!&0#:*,5,)&(&>-,&#!/5#*!7,(/ ,&)*#,/0#7#-(3"#&))*!$5##&!/9%#0)*!))*#$# !/#!-$()*#/#$%-)(+,&)#/&!3/(1#$$#$)*!)1("3#-)*#/,7#/$$)#")($#-+(/9! &,D#&)*#1!$#(+/,7#/"#!&0#/,&9 )*,$$#-+(/9!&,D!),(&($)#&$,5-)!4#$)*#+(/"(+ ,&1/#!$,&9/#!1*$,&%($,)(7#/),"#. 2*,1*#7#&)%!--"(7#$)*#/#!1*)(!1/,),1!-$)!) #2*#/#1%)(++$!/#3/(0%1#0.)*#/#5 /#0%1,&9)*#/#!1*$,&%($,)!&0/#)%/&,&9)*#$$) #")(!$%51/,),1!-$)!)#2*#/#)*# "(7#"#&))(2!/0)*#1/,),1!-$,&%($,)/#$%"#$*, $$)%0#:!",&#$"(/#)*!& 4"(+$)/#!"(7#/?#!/$.#$)!5-,$*,&9!6%!& ),)!),7#-,&45#)2##&1*!&&#$,&%($,)!&0)*#0#7#-(3"#&)(+!--%7,!-1%)(++$ ()*!)#&0.,)+(--(2$0#1!0!1*!&9#$,&$,&%($,)!&0/#1(/0$)*#+(/"!),(&(+ B!--%7,!-1%)(++$,&)*#!$1!9(%-! ,7#/!$,&(+$(%)*#!$)#/&,$$,$$,33,.+,&0,&9#7 ,0#&1#(+5()*$3!),!->)#"3(/!1-%$)#/,&9,&1%)(++$!&0!-$(0#/,7,&9!&#"3,/,1! -#$),"!)#(+)*#1/,),1!-)*/#$*(-0,& /#!1*$,&%($,)2*#/#%3(&1%)(++$5#9,&)((11%/,& )*#!$1!9(%-!!$,& &1#)*#$#1%)(++$(11%/.$#0,"#&)!),(&+(--(2$!&0 (7#/),"#)*#1%)(++,$#,)*#/ +,--#0(/5#1("#$!&(:5(2-!4#n:,$),&9/#$#!/1* (&)*#+(/"!),(&(+(:5(2-!4#$

PAGE 14

8 +(1%$#$(&)*#1(&1#3)%!-!$3#1)$(+)*#$#$#0,"#&) !/3/(1#$$#$*,$2(/4 #:!",&#$?C(:5(2-!4#$(&)*#+-((03-!,&$(+)*# #!+!&0*,14!$!2*!,7#/$(+ $(%)*#!$)#/&,$$,$$,33,.+,&0,&9)*!)0#$3,)#3()# &),!--",),9!),&9+!1)(/$-,4#0,++#/,&9 9#(-(9!&0/#9,(&!--!&0%$#.)*#/#,$!$,9&,+,1!& ) !),7#1(//#-!),(&5#)2##&-!4# $%/+!1#!/#!-($$!&00/!,&!9#!/#!,"3-3%).-! 4#$,&)*#-(2#/5!$,&*!7# $%5$)!&),!---(&9#/$3!&$(&)*#+-((03-!,&)*!&!4#$,&)*#%33#/5!$,&!-$( #:!",&#)*#5!)*"#)/!&0$#0,"#&)7(-%"#,&!*!& 0+%-(+-!4#$!&0+,&0)*!))*# !+(/#"#&),(�)/#&02,)*/#$3#1))(5!$,&!/#!1!& (&-5#%$#0!$!/(%9*9%,0# ,9*7!/,!5,-,),$)*#/%-#!&0&())*##:1#3),(&. 2,)*-(1!-1(&0,),(&$0/,7,&9)*#/!)#$(+ $#0,"#&)!),(&,&)*#$#-!4#$)(!0#9/##)*!)2#+, &0)*!))*#-(&9#7,)(+!0H!1#&)-!4#$ !$-!&0+(/"$0,++#/$5&#!/-!&(/0#/(+"!9&,)%0 #

PAGE 15

? n rr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nrnrrnrn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

PAGE 16

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n/$4,&##)!-EAAFn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

PAGE 17

B rrnnr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n&9-!&0.&,)#0,&90("((4#+(1%$#0%3 (&!/#!1*(+$)/#!"@"-(&9 !&0!/#1#&)$3!)#(+!1),7,)(11%//,&9)*#/#*, $$)%0#:)#&0$)*#,0#!$0#/,7#0+/(" ((4#=$$,&9-#/#!1*(+1%)(++$)(!&#&),/#5!$,&. )*#/#5!$1#/)!,&,&9,+)*#/#$%-)$

PAGE 18

@ /#3(/)#0(&)*#,7#/(--,&2#/#%&%$%!-(/(%)(+ 3-!1#2*,-#!$$#$$,&9)*#1%)(++$,& )*#!$1!9(%-!!$,&+(/$3!),!-!&0)#"3(/!-1-%$) #/,&9 *,$/#$#!/1*$%11#$$+%--"!&!9#$+,&0/#!$(&!5-# #7,0#&1#+(/)*#+(/"!),(&(+ 1%)(++$5#,&9),#0)(*,9*$,&%($,)(/#,"3(/)!& )-.,)#"3,/,1!--0#/,7#$)*#1/,),1!)*/#$*(-0+(/$,&%($,)!&01%)(++,&1#3),(&,&)*# !$1!9(%-!.)*#/#53/(7,0,&9!& !00,),(&!-5!$,$+(/)*##:,$),&9)*#(/#),1!-2(/4 (&/,7#/3-!&+(/"1*!&9# nrrn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n/$4,&##)!-EAAF0#$1/,5#$)*#$#0,"#&)(-(9,1! -5!$,$+(/*(2)*#$#-!4#$+(/". 2*,-#!9-,!&(!&0(2!/0EA@8F!&0n,&$#-#!&0, &0#/#/EAABF0#$1/,5#*(2)*# +,),&)()*#-(&9#/>)#/"#7(-%),(&(++-((03-!,&$ #1#&)2(/45(2-!&0!&0,#)/,1* E?!&0CF,$3!/),1%-!/-%$#+%-,&)*!))*# %$#(3),1!--$),"%-!)#0-%",&#$1#&1# EF)(0!)#$,&9-#9/!,&$(+0#3($,)#0$#0,"#&). )*#/#5+(--(2,&9)*#3/(9/#$$(+! 5!))%/#1*!&&#-!$,)+,--$)*#!11(%/1,-0,7#/ 1%)(++(&)*#,$$,$$,33,,7#/2,)* $#0,"#&)$

PAGE 19

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

PAGE 20

n nrnrrnrn rr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nrnrrnrn ),$0,++,1%-))(!$$#$$)*#K5!$#-,&#L(/3/#0,$) %/5!&1#1*!/!1)#/(+"!&/,7#/$ E%*&-##)!-.AACF*,$,$5#1!%$#)*#1*!&9#$ )*!)(11%/(+)#&0#$)/()*#(-0 1*!&&#-!&0!,0#&1#(+3/#0,$)%/5!&1#1(&0,),( &$1*%""E!$1,)#0,&n/$4,&##) !-.AAF&()#$)*!)"($)$)%0,#$(+/,7#/"#)!"(/ 3*($,$!/#,&*,5,)#05)*#1*!&*!&9#,)$#-+#1!%$#)*#(-01*!&&#-!&0!&5!$, $+(/1("3!/,$(&2,)*1%//#&) 1(&0,),(&$!/#0#$)/(#0,&)*#3/(1#$$(+1*!&9#. ,),$#$$!/)(-((4+(/()*#/ "#!&$(+1("3!/,$(& #$#!/1*(&#!/-,#//,7#/1(&0,),(&$*!$%),-,D#03 !-#(1*!&&#-$,&)*#$#0,"#&) /#1(/0E1*%"".AC@F.+-((03-!,&0#3($,)$E&(:. ;2#&$.F.!&03(,&)5!/

PAGE 21

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n/$4,&##)!-EAAF!$$#$$#0)*#%$!9#(+!--%7,! -1%)(++$!$,&0,1!)(/$(++(/"#/ 1*!&&#-1(&0,),(&$&)*!)$)%0.+(%/1%)(++$)*! )(11%//#05#)2##&@A!&0A?C(& )*#%&)#/,7#/,&$(%)*#!$)#/&%$)/!-,!2#/#%$# 0$%11#$$+%--)(1("3!/#+(/"#/ !&01%//#&)5#0#-#7!),(&$!&05#0"!)#/,!-$,D#$2 ,)*3!$)1(&0,),(&$/#1(/0#0,&)*# "(/3*(-(9(+)*#1%)(++$n/$4,&##)!-EAAF+( %&0#7,0#&1#(+!5(%)"(+5#0 #-#7!),(&/,$#(&)*#%&)#/,7#/,&$(%)*#!$)#/& %$)/!-,!5#)2##&!1%)(++,&@A !&0)*#A@B1*!&&#-&)*#$!"#$)%0.*#+(%&0 "(+0#9/!0!),(&5#)2##&!A?C 1%)(++!&0A@B.$*(2,&9)*!))*,$)#1*&,6%#+(/%) ,-,D,&91%)(++$)("#!$%/#1*!&9#$,& 5#0#-#7!),(&2!$!5-#)(0,$1#/&5()*!-(&93#/,( 0(+/#-!),7#-$-(2!99/!0!),(&!&0 )*#/#-!),7#-,&)#&$#'>#!/3#/,(0(+0#9/!0!),( &)*!)+(--(2#0*,$$)%0!0(3)$!

PAGE 22

$,",-!/!33/(!1*)(0#)#/",*!&9#,&/,7#/5#0##7!),(&!+)#/)*#,&1#3),(&(+)*# -!4#!$2#--!$1("3!/,$(&$(+)*#1/($$>$#1),(&!9#("#)/(+)*#-!4#!$!/#-,1)+(/" (+)*#/,7#/ nrnrrnrnrn n *##!+,7#/,&$(%)*#!$)#/&,$$,$$,33,*!$5##& #:3($#0)(!7!/,#)(+ *%"!&,"3!1)$&#!/)*#$)%0!/#!!)!)),#$5%/9. ,$$,$$,33,,"5#/*!/7#$),&9. !9/,1%-)%/#.!&0%/5!&,D!),(&*!7#!--3-!#0$("# /(-#,&)*#"#)!"(/3*($,$(+)*# #!+,7#/$,&1#n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�,"3!1)$!/#(7#/$*!0(2#05)*##:)# &$,7##++#1)$(+9/!7#-",&,&9(& 5()*)*#+-((03-!,&!&0)*#1*!&&#-,)$#-+ &>1*!&&#-!&0+-((03-!,&#:)/!1),(&(+9/!7#-1!& !++#1)/,7#/+(/"!&03/(1#$$,& "%-),3-#0,"#&$,(&$.1!%$,&9)*#1*!&&#-)("(7#-! )#/!--5,&0%1,&91*!&&#-1%)(++$ (/!7%-$,(&$E($$!!&01#!&.AABFr#!/>1*!& /!7#-",&,&91!&#&1(%/!9#

PAGE 23

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

PAGE 24

8 )*/(%9*(%))*#0/!,&!9#&#)2(/4*#,&1,$,(&1!&! -$(5#!11("3!&,#051*!&,0#&,&9!$#:3($#05!&4$!/#$%5H#1)#0)(!&,&1/# !$#0-,4#-,*((0(++!,-%/#E(--,&$ !&0%&&#.AAF !&0!&09/!7#-!99/#9!)#,&"!&!/#!$,$(5)!,�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

PAGE 25

? $#0,"#&)0#+,1,)2,--3/("()#,&1,$,(&5()*%3$)/#! "!&00(2&$)/#!"(+)*#!/#!(+ ",&,&9 &>1*!&&#-",&,&9!-)#/$)*#-(&9,)%0,&!-3/(+,-#( +)*#$)/#!".1/#!),&9!*#!01%) !))*#%3$)/#!"#&0.2*,1*1!&0#7#-(3,&)(!&,143 (,&)2,)*$%++,1,#&)#:1#$$$)/#!" 3(2#/)(5#9,&",9/!),&9*#!02!/0*#$#&,143(,&) ",9/!),(&$*!7#5##&/#1(/0#0 3/(3!9!),&9%3$)/#!"+(/$#7#/!-4,-("#)#/$.5()*( &)*#"!,&1*!&&#-!&0,&)/,5%)!/,#$ )()*#",�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

PAGE 26

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�#!+,7#/!$,&.)*#9/!7#1("3(&#&)(+)*#5#0$#/7#0!$ !/"(/+(/)*#/#$)(+)*#+,&#/1("3(&#&)$(+)*#5 #0E/"(/3$(+n&9,&##/$. (5,-#,$)/,1).A@'F)*!$!-$(5##&$!,0)*!) )*#/#"(7!-(+9/!7#-5!/$5,&> 1*!&&#-",&,&91!&#-,",&!)#*0/!%-,11(&)/(-+(/ )*#/#!1*%3$)/#!".1!%$,&9$1(%/ !&0#7#&)%!-2!$*(%),&)*#%3$)/#!"/,++-# n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�-!&0,$ (+)#&!--)*!)$#3!/!)#$)*#$#3(&0$+/(")*#/,7#/ .$($)/#!"!&03,),&)#/!1),(&$!/# -,4#-n:,$),&93,)$!/#(+)#&$)##3>$,0#0)("!:, ",D#)*#9/!7#-,#-0.$()*#(++#/-,))-# ,&)*#2!(++-((03-!,&(/2#)-!&0*!5,)!),)1! 3)%/#1(""(&-(11%/$2*#&)*#

PAGE 27

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nrnr nnn!r *##!+,7#/!$,&0/!,&$A@4"(+)*#(&9-#!+,&##-)#9,(&(+)*# $(%)*#!$)#/&(!$)!--!,&,&(%)*#!$)#/&,$$,$$, 33,n-#7!),(&$,&)*#5!$,&/!&9#

PAGE 28

@ +/("?"!5(7#$#!-#7#-!))*#*#!0(+)*#5!$,& )("!5(7#$#!-#7#-2*#/#)*# #!++-(2$,&)()*#!$1!9(%-!,7#/*##!+,7# /9#&#/!--+-(2$$(%)*2!/0.%&),-,) H(,&$2,)*)*##!$)2!/0+-(2,&9(2,#,7#/+)#/ )*,$1(&+-%#&1#.)*#/,7#/1(&),&%#$ +,/$)$(%)*.)*#&$(%)*#!$)2!/0.!&0+,&!--#!$)2! /0.%&),-,)H(,&$2,)*)*#*,14!$!2*! ,7#/)(+(/")*#!$1!9(%-!,7#/ *#$)%0!/#!,$!4"/#!1*-(1!)#0,""#0,!)#0(2&$)/#!"(+)*# 1(&+-%#&1#(+)*##!+!&0(2,#/,7#/$!)!)),#$5 %/9.,$$,$$,33,E,9$>!&0>F *#1("5,�/!,&!9#!/#!(+)*##!+!&0(2,#!) )*#$)%0!/#!,$!33/(:,"!)#8??4"*#(2,#,7#/0/!,&$/(%9*-B?4"E&#!/-8I(+)*#)()!-0/!,&!9# !/#!F*#+-((03-!,&#-#7!),(&,&)*#$)%0!/#!, $!33/(:,"!)#-'?"2,)*)*#!/#!$ (7#/-((4,&9)*#/,7#//,$,&9)(!$*,9*!$?"* #+-((03-!,&,&)*#$)%0!/#!,$ 9#&#/!--N'4"2,0#5%),$(&-!+#2*%&0/#0"#) #/$2,0#!$,)+-(2$3!$) !)),#$5%/9 *#-(1!-9#(-(9,&1-%0#$)*#-,(1#&#>)(-#,$)( 1#&#>!9#9/!7#-$(+)*# ,)/(&#--#(/"!),(&;)*#,(1#&#>!9#!)),#$5%/9! &0!$1!9(%-!+(/"!),(&$. 1("3/,$,&91-!$.$!&01-!$.!&0$!&0$;!&0)*#n( 1#&#>!9#*,14!$!2*! ,"#$)(&#(+)*#,14$5%/9/(%3*#/,7#/,&)#/!1 )$2,)*5()*)*#,)/(&#--#!&0 !)),#$5%/9+(/"!),(&$,&)*#$)%0!/#!.2,)*)*# ,)/(&#--#(/"!),(&3/(7,0,&9)*# $(%/1#+(/)*#/#2(/4#0+-%7,!-9/!7#-)*!),$#:)/ !1)#0,&)*#/#9,(& ()*)*##!+!&0(2,#/,7#/$!/#!--%7,!-$)/#!"$ 2,)*0&!",1+-((03-!,&$*# #!+,7#/1*!&&#-,&)*#$)%0!/#!0,$3-!$)*#$ ,9&$(+/#9%-!/-!)#/!-",9/!),(&. #:3#/,#&1,&9+,7#"#!&0#/1%)(++$,&)*#-!$)1#&)% /*#5#0"!)#/,!-+(/)*##!+ ,7#/2!$1-!$$,+,#0!$B@I2#-->9/!0#0$!&0!&0 I$"!-->)("#0,%">$,D#09/!7#-

PAGE 29

A ,&)*#$)%0!/#!.2*,-#)*#(2,#,7#/&#!/)*#$ )%0!/#!*!$!$%5$)!&),!--1(!/$#/ 5#0"!)#/,!-(+'I$!&0!&0BI9/!7#-E/" (/3$(+n&9,&##/$.(5,-# ,$)/,1).A@'F *#%3-!&07#9#)!),(&,$3/#0(",&!)#-3,&#!&0(!4 *#-(&9-#!+3,&# n nn 2!$)*#0(",&!&))/##$3#1,#$,&)*#/#9,(&5%),$ &(2-(&99(&#!+)#/5#,&9 ),"5#/#0(%)0%/,&9)*#),"5#/5((",&)*#-!)#@ $!&0#!/-A$-((03-!,& 7#9#)!),(&,$5())("-!&0*!/02((0$!&0*!$)/!0,),( &!--5##&$2##)9%". n ;$2##)5!. nn ;/#0"!3-#. ; 5-!142,--(2. ; !&05!-013/#$$. nr ))*,$),"#.)*#$)%0!/#!+-((03-!,&,$(7#//% & 2,)*)*#/#1#&)!00,),(&(+)*#,&7!$,7#*,&#$#3/ ,7#) nnn *#1-,"!)#,&)*#/#9,(&,$$#",)/(3,1!-!&0*%",0 .2,)**()$%""#/$!&01((2,&)#/$*#"#!&)#"3#/!)%/#+(/?#!/$(+/#1( /0,$/(%9*&&%!-/!,&+!-,$!33/(:,"!)#-81"!&0,$&#!/-#7#&-$3/#!0 !1/($$)*##!/.2,)*+!--5#,&9)*# 0/,#$)$#!$(&!&0$3/,&95#,&9)*#2#))#$)$#!$(&E /"(/3$(+n&9,&##/$. (5,-#,$)/,1).A@'F*#"!,&/!,&"!4,&9"#1*!&, $"$,&)*#/#9,(&!/#2,&)#/!&0 $3/,&9+/(&)!-3/#1,3,)!),(&.$%""#/1(&7#1),(&!-3 /#1,3,)!),(&.!&0$%""#/)/(3,1!$)(/"$ +)*#$#"#1*!&,$"$.(&-2,&)#/!&0$3/,&9+/(&)$ 3/(0%1#$#/,(%$+-((0,&9,& )*##!+,7#//"(/3$(+n&9,&##/$.(5 ,-#,$)/,1)EA@'F$)%0-,$)$$#7#& "!H(/+-((0$(+/#1(/0+(/!)),#$5%/9.,$$,$$,33, .5#)2##&A!&0AB8*#3/,AB8+-((01/#$)#0(7#/"!))*#!)),#$5%/9$)/ #!"9!%9#!))*#%33#/#&0(+)*# $)%0!/#!*##$),"!)#03#!40,$1*!/9#+(/)*,$# 7#&)2!$(7#/'8"'$N,&1#

PAGE 30

' )*#A@'$)%0.)*#/#*!7#5##&)*/##+-((0$E3/,A@.3/,-A@'.!&0!AAF 2,)*9/#!)#/)*!&?"'$N0,$1*!/9#E,9>'F r"n# *#*,$)(/(+n%/(3#!&-!&0%$#,&)*#$)%0!/#! 5#9,&$2,)*$#))-#"#&),&)*# #!/-@$.5%))*#)(2&(+!)),#$5%/92!$&()+( %&0#0%&),-@@8))*!)),"#.)*# )(2&5#1!"#!/!,-!&0)/!&$3(/)!),(&*%5.!&0)*# $%//(%&0,&9!/#!5#9!&)(5# %),-,D#0+(/-%"5#/!&0.)(!-#$$#/0#9/##.!9/,1% -)%/#,"5#/3/(0%1),(&2!$!),)$ 3#!45#)2##&@A!&0A'E(2#.F7#/),"#. ),"5#/3/(0%1),(&*!$0#1-,�. #),)/#"!,&$!"!H(/$(%/1#(+/#7#&%#,&)*#/#9 ,(& !&0!&09/!7#-#:)/!1),(&5#9!&(&)*#/,7#/$,&) *#!/#!,&)*#A8$ ,$)(/,1!--.)*#3/,"!/!/#!(+",&,&9(3#/!),(&$ 2!$(&)*#(2,#,7#/.H%$) %3$)/#!"(+,)$1(&+-%#&1#2,)*)*##!+,7#/*# "#/,1!&!&0!&0/!7#("3!&5#9!&",&,&9(3#/!),(&$(&)*#+-((03-!,&, &)*,$!/#!,&A8C.5%)(7#/),"#. )*#(2,#,7#/*!$(11%3,#0)*##:)#&$,7#3,)!/#! $(&)*#+-((03-!,&*#",&,&9 (3#/!),(&$,&)*,$!/#!(11%3(7#/B4"(+)*#+-((03-!,&*#)()!-7(-%"#(+)*# "!)#/,!-/#"(7#0,$0,++,1%-))(!$$#$$.5%))*#1( "3!&/#3(/)#0)*!),)3-!&�)( /#"(7#.."'+/(")*,$!/#!5#)2##&A@!&0A@C!)!/!)#(+ 8."'!N E/"(/3$(+n&9,&##/$.(5,-#,$)/,1).A@ 'F*,$#$),"!)#.2*#&#:)/!3(-!)#0 (7#/)*#?>#!/$3!&0%/,&92*,1*",&,&92!$!--(2 #0,&)*,$!/#!.3/(7,0#$!& #$),"!)#(+&#!/-.."'*#,#-0(+"!)#/,!-3#/#!/2!$"($)-,4#-"% 1* -#$$3/,(/)()*#A@$.5%),),$&()%&/#!$(&!5-# )(!$$%"#)*!)$#7#/!-",--,(&)(&$(+ 9/!7#-*!7#5##&/#"(7#0+/(")*#!/#! *#/#!/#()*#/9/!7#-(3#/!),(&$,&)*#!/#!.5%) )*#!/#1("3!/!),7#-$"!--#/ (1!--!&0(2&#/$.,&3!/)&#/$*,32,)*9/!7#-1("3!& ,#$.*!7#",�"($)(+)*##!+

PAGE 31

' ,7#/+-((03-!,&9/!7#-0#3($,)$,&)*#$)%0!/#! %/,&9)*#-!)#AB$!&0#!/A@$.)*#9/!7#-5!/$!&01*!&&#-(+)*#$)%0/#! 1*2#/##:)#&$,7#-",�E !/#+,#-0.3#/$(&!-1(""%&,1!),(&.%9%$).CF &>1*!&&#-9/!7#-",&,&92!$ +(/5,00#&,&AA?E($$!!&0(-#.8!F.$(1%// #&)9/!7#-#:)/!1),(&,&)*#$)%0 !/#!,$-,",)#0)(9/!7#-5!/$(&)*#,&)#/,(/(++ (/"#/1*!&&#-1%)(++$ nn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nr )/##1(/#$$%99#$))*!))*#,&1#3),(&(+)*#-!4#, $AJ#!/$ *#-!4#,$-(1!)#0(&3/,7!)#-!&0,&!&!/#!$#) !$,0#+(/*%&),&9!&0+,$*,&9&)*# -!$)8#!/$.&%"#/(%$9/!7#-(3#/!),(&$*!7#(11% //#0,&)*#!/#!.5%)&(),&)*# ,""#0,!)#7,1,&,)(+)*#-!4#.2*,1*/#"!,&$$%//( %&0#050#1,0%(%$+(/#$) ""#0,!)#-0(2&$)/#!"(+-0/,1*!4#!&0(&)*#( 33($,)#5!&4$,0#(+)*# /,7#/,$2#&$-%++!4#*,$-!4#,$$(&!"#05# 1!%$#,)/#$)$!9!,&$))*#7!--#2!--

PAGE 32

' (/5-%++1/#!)#05)*##!+,7#/*,$-!4#!-$( 3/#0!)#$!,/3*()($5%),$#$),"!)#0 )*/(%9*5()!&,1!-#7,0#&1#)(*!7#+(/"#0,&ABJ #!/$*,$-!4#!-$(/#$)$(& 3/,7!)#-(2�-!&0(2#7#/.)*#-!&0(2&#/5#9!& #:)/!1),&99/!7#-/(%9*-'#!/$ !9(!&01(&),&%#0+(/!33/(:,"!)#-)*#&#:)#! /$.5#+(/#$*%)),&90(2&(3#/!),(&$ ,&)*#7,1,&,)*,$*!$*!0!&(),1#!5-##++#1)( &)*#-!4#,&)*!)9/!7#-2!$/#"(7#0 +/(")*#3(,&)5!/(+)*#1%)(++"#!&0#/!&0)*#&/ #3-!1#02,)*$!&0$3(,-$+/(")*# $%//(%&0,&9!/#! %/)*#/0(2&$)/#!",$#09#2(/)*!4#*,$-!4#,$ #$),"!)#0)(*!7#+(/"#0 5#)2##&AC!&0A8.5%)!+)#/2#&$-%++!4# *#-!4#,$3/,7!)#-(2�!))*# "("#&)5%)%$#0)(5#!3(3%-!/+,$*,&9!/#!+(/)* #-(1!-1(""%&,)),$%&,6%# !"(&9)*#+(%/-!4#$,&)*#$)%0,&)*!),)*!$! $"!--1/##4+-(2,&9,&)(,)7#/)*# 3!$)B#!/$.$#0,"#&)+/(")*,$1/##41/#!)#0!5 !/)*!),$&(2+(/#$)#0!&0 1("3-#)#-$#3!/!)#$)*#(:5(2#09#2(/)*!4#&(2 $%++#/$5!0-+/("!*!&0+%-(+ ,&7!$,7##:(),12!)#/3-!&)$.,&1-%0,&9(&#(+)*# +,/$)/#1(/0#0(%)5/#!4$(+9,!&) $!-7,&,!. n .,&,$$,$$,33, *#+,&!--!4#,&)*#$)%0,$,"$!4#*,$-!4# ,$-(1!)#0+%/)*#$)0(2&$)/#!" !&02!$+(/"#0-!$)(+)*#+(%/-!4#$,&)*#$)%0 )2!$+(/"#05#)2##&)*#A8!&0 A??$#)$(+!#/,!-3*()(9/!3*$."($)-,4#-,&)*# #!/-,#/3(/),(&(+)*,$),"#3#/,(0*# -!4#,$1("3-#)#-1(&)!,�,&!3/,7!)#-(2 -()(+-!&0.2,)*$%//(%&0,&9+(/#$) 5#,&9-!/9#-%&0,$)%/5#0*#-!4#,$%$#0+(//#1 /#!),(&.!&0!$!/#$%-).)*# -!&0(2&#/*!$"!0#$("#!-)#/!),(&$.3!/),!--0/#0 9,&9)*#$*!--(2.3(,&)5!/$,0#(+ )*#-!4#,&)*#A@$!&01(&$)/%1),&9!1(&1/#)#$ ,--!))*#(%)+-(2(+)*#-!4#./!,$,&9 )*#-!4#$%/+!1#5&#!/-!"#)#/

PAGE 33

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nrn n$rnr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�/#-!),7#-(3#&*#+ ,/$)1/($$$#1),(&2!$-(1!)#0 2*##/3($$,5-#!))*#!3#:(+)*#+(/"#/"#!&0#/ .2,)*#!1*$%5$#6%#&)1/($$ $#1),(&5#,&9/(%9*-)2(1*!&&#-2,0)*$5#-(2)*# -!$)1/($$$#1),(&n!1*1/($$ $#1),(&5#9!&2#--%3(&)*#&(27#9#)!)#03(,&)5! /(+)*#+(/"#//,7#/!&0#&0#0 !)(3)*#*,9*.$)##35!&4(&)*#(%)$,0#5#&0(+)* #+(/"#/"#!&0#/()*)*#2!)#/

PAGE 34

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n!1*/,7#/1/($$$#1),(& 5#9!&!))*#%33#/7#9#)!)#03(/),(&(+)*#/,7#/3 (,&)5!/!&0#&0#02#--%3)*#*,9*. $)##35!&4(&)*#(33($,)#$,0#(+)*#"#!&0#/rnn%$n n!1*(+)*#+(%/1%)(++$(+)*##!+,7#/%$#0,& )*,$$)%0!33#!/$)(*!7# (11%//#0,&)*#+,/$)*!-+(+)*#)*1#&)%/-5%)(&#(+)*($#"#!&0#/1%)(++$ 3/#0!)#$)*#!,/3*()($!7!,-!5-#+(/)*#!/#!."!4 ,&9,)0,++,1%-))(#$)!5-,$*#7#& /#-!),7#0!)#$+(/)*#(/,9,&!),(&(+#!1*(+)*#1 %)(++$*,$$)%0%),-,D#05()* ,&+(/"!),(&+/("!#/,!-3*()(9/!3*$!&05()!&,1!-# 7,0#&1#)(#$),"!)#)*#!9#(+#!1* (:5(2-!4#E!5-#>F#(5)!,�)*#A??$#/,#$ (+!,/3*()($+(/)*#$)%0!/#! !&0*!7#!/#3(/)E/"(/3$(+n&9,&##/$.( 5,-#,$)/,1).A@'F(&)*,$/#!1* !&0,)$1%)(++$)*!),&1-%0#$,&+(/"!),(&(&)*#1% )(++$/#-!),7#)()*#A8$#/,#$(+!,/ 3*()($ *#5()!&,1!-#7,0#&1#1("#$,&)*#+(/"(+!/3#/= $*3()*#$,$E!/3#/.AF !/3#/%$#0)/##$,&!$)%0!-$(-(1!)#0(&)*#$( %)*#!$)#/&(!$)!--!,&)(#$)!5-,$* )*#!9#(+(:5(2-!4#$#%$#0)/##1(/#$+/(")*# (-0#$)5!-013/#$$ nr )/##9/(2,&9(&)*#5!/0#3($,)$5#)2##&)*#/,7#/ !&0)*#(:5(2-!4#,$

PAGE 35

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

PAGE 36

'C $)!&02!$C@#!/$*#$#0!)!$%99#$))*!)2#&$ -%++2!$$#3!/!)#0+/(")*#/,7#/ !/(%&0ABJ#!/$*#(-0#$)5!-013/#$$(& )*#0#3($,)$!)-0/,1*!4#2!$ ?#!/$(-0!&0)*#"#!&(+)*#$)!&02!$C#! /$.,#-0,&9!0!)#(+(/,9,&(+A J#!/$n!nnn%nrrn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

PAGE 37

'B n rrn&nr'n$nnn$nr *#/#$%-)$+/(")*#1*!&&#-1/($$$#1),(&$0,$3-! !"!/4#01(&)/!$)5#)2##& )*#1%//#&)/,7#/1*!&&#-!&03!$)/,7#/1*!&&#-$) *!)!/#/#1(/0#0,&)*#"(/3*(-(9(+ )*#(:5(2-!4#$*,-#)*#/#,$$("#7!/,!),(&,&1 /($$>$#1),(&!-9#("#)/+/("-!4#)( -!4#.)*#5#)2##&>-!4#7!/,!),(&,$$"!--#/)*!&)* #-!4#>)(>/,7#/7!/,!),(&!5-#> $*(2$)*#2,0)*."#!&0#3)*.1/($$>$#1),(&!-!/#!. !&02,0)*<0#3)*/!),(+(/)*##!+ ,7#/!),)$+,#-0>#$),"!)#05!&4+%-$)!9# *#"($)&()#2(/)*3(/),(&(+)*#$%""!/,D#00!)! (&)*##!+,7#/,$)*# 3/#$#&1#(+)*#$#1(&01/($$$#1),(&!$!&(%)-,#/ *#()*#/$#7#&1/($$$#1),(&$ *!7#"#!&0#3)*$(+9/#!)#/)*!&!"#)#/!&0/#-!), 7#-&!//(2#/1*!&&#-$)*!&)*# (%)-,&91/($$$#1),(&*,$3!/),1%-!/1/($$$#1), (&*!$!"#!&0#3)*(+(&-B "#)#/$!&0!2,0)*<0#3)*/!),()*!),$&#!/-)*/## ),"#$9/#!)#/)*!&)*#()*#/1/($$ $#1),(&$),$4&(2&)*!),&>1*!&&#-9/!7#-",&,&9 0,$)%/5#0)*#!/#!.!&0,)!33#!/$ )*!)"%1*(+)*#3(,&)5!/,&)*,$!/#!2!$/#"(7#0 .-#!7,&9!0,$/%3)#01*!&&#"(/3*(-(92,)*5/!,0#01*!/!1)#/,$),1$)3/#$#&) .!",0>1*!&&#-5!/*!$0#7#-(3#0 2*#/#)*#+(/"#/#09#(+)*#3(,&)5!//#$,0#0*, $5!/,$,$(-!)#0+/(")*#/#$)(+)*# 3(,&)5!/5!/#-!),7#-",&(/$#1(&01*!&&#-$,", -!/)(!1*%)#1%)(++*,$1*!&&#-,$ 3/#$#&)#7#&!)-(2+-(2$.!&0/#1#&)*,9*+-(2$*! 7#&()5##&9/#!)#&(%9*)( ,&%&0!)#)*#5!/.$(,)*!$&(25##&$)!5,-,D#02,) *7#9#)!),(&.1/#!),&9!&,$-!&0)*!),$ -,4#-)(/#"!,&+(/)*#&#!/+%)%/# *#-!4#1/($$$#1),(&$!/#0,$3-!#0,&!5-#>' n!1*-!4#*!$!0#1,0#00,++#/#&)1*!/!1)#/.5%)(7#/!--.)*#-!4#1/($$$# 1),(&$!/#&!//(2#/!&00##3#/)*!& )*#/,7#/1/($$$#1),(&$-0/,1*!4#*!$/#-!),7# -0##31/($$$#1),(&$*,$-!4#,$)*#

PAGE 38

'@ -#!$)0,$)%/5#0,&)*#$)%0.!&0,)$1/($$$#1),(& 3/(7,0#$9((0,&$,9*),&)()*# 1*!/!1)#/(+)*##!+,7#/&#!/-!1#&)%/!9( -)*(%9*)*#1/($$$#1),(&$$*(2 $("#7!/,!5,-,).!--!/#&!//(2#/)*!&)*#1%//#&) /,7#/!&0(7#/!--*!7#1("3!/!5-#)( 9/#!)#/"#!&0#3)*$$!/#$%-).)*#2,0)*<0#3)*/ !),((+-0/,1*!4#,$$,9&,+,1!&)-#$$)*!&)*#5!&4+%-2,0)*<0#3)*/!),((+)*##!+ ,7#/ 2#&$-%++!4#,$!-$(*,9*-7!/,!5-#,&,)$1/( $$$#1),(&"#)/,1$*,$3!/),1%-!/ -!4#*!$!$)/(&9-0,$/%3)#01*!/!1)#/.2,)*)*#3 (,&)5!/0#3($,)$(&)*#,&$,0#5#&0(+ )*#(:5(2$#/7,&9!$)*#$,)#(+!9/!7#->",&,&9(3 #/!),(&+(/(7#/#!/$$$%1*. $!&0$)(143,-#$+/(")*#$,)#*!7#+,--#0)*#1*!& &#-.3()#&),!--"!4,&9)*#1/($$ $#1),(&"#!$%/#"#&)$!&%&0#/#$),"!)#(+)*#(7#/!-1*!&&#-$,D##$3,)#)*,$.)*# &!//(2#/1/($$$#1),(&$)#&0)(*!7#1("3!/!5-#)( 0##3#/"#!&0#3)*$)*!&)*# 1%//#&)/,7#/.!&0)*#(&#-!/9#-%&0,$)%/5#01/($ $$#1),(&0,$3-!$"#)/,1$7#/$,",-!/ )()*#/#-!),7#-%&0,$)%/5#0-0/,1*!4# *##09#2(/)*!4#1/($$$#1),(&$!/#!-$($%""!/, D#0,&!5-#>'*,$-!4# 3($$#$$#$)*/##+!,/-$*!--(21/($$$#1),(&$0%#) ($#0,"#&),&+-(2+/("!-(1!-1/##4 )*!)&(20/!,&$,&)()*#(:5(2*#$#$#0,"#&)$!/# &#!/-,&0,$),&9%,$*!5-#+/(")*# #!+,7#/5#0$#0,"#&)$!))*#5())("(+)*#-!4#. $()*#0#3)*(+)*#1/($$$#1),(&$ "!5#%&0#/#$),"!)#0$-,9*)-&!--1!$#$5%)(& #.)*#1*!&&#-3/#$#/7#0,&)*# (:5(2-!4#,$/#-!),7#-&!//(2#/)*!&)*#1%//#&) /,7#/1*!&&#,"$!4#*!$)*#0##3#$)1/($$$#1),(&$,&)*#$)% 0.5%)"%1*(+)*,$1!&5# !11(%&)#0+(/5)*#-!4#(2&#/=$0#1,$,(&)(0/#09 #)*#$*!--(23(/),(&(+)*#3(,&) 5!/.1/#!),&9!"%1*"(/#$""#)/,1!-1/($$$#1),(& )*!&2(%-05##:3#1)#0+/("! 2#-->0#7#-(3#0"#!&0#/+!--)*#(:5(2-!4#$,&) *,$$)%0.,"$!4#3/(7,0#$)*#

PAGE 39

'A -#!$),&+(/"!),(&!5(%))*#1/($$>$#1),(&!-9#("#)/ (+)*#3!$)#!+,7#/)$ 0,$)%/5!&1#"!4#$0,/#1)1("3!/,$(&$)/(%5-#$("#!n%nrnn$nr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

PAGE 40

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�#&()#$!+, 7#>$!"3-#"(7,&9!7#/!9#+(/)*# (5$#/7!),(&$*#*#!75-!14-,&#"!/4$(%)!#!/ -"(7,&9!7#/!9#+(/)*##&),/#$#) (+(5$#/7!),(&$*#"($)&()#2(/)*+!1#)(+)*,$ +,9%/#,$)*#/#-!),7#-$)!5-#)*!-2#9 #-#7!),(&3/,(/)(AB@.1(&)/!$)#02,)*)*#($1,-!),&9$#/,#$(+"#!$%/#"#&)$$,&1# AB@*#+-%1)%!),(&,&)*!-2#9#-#7!),(&!))*#9 !%9#1/($$$#1),(&2!$-!/9#-,&!'

PAGE 41

8 "/!&9#+(/)*#+,/$)8#!/$(+(5$#/7!),(&$%) 0%/,&9)*#3!$)'#!/$.)*# ($1,--!),(&*!$1(7#/#0!/!&9#(+(7#/C".!&0)* #$#/,#$$##"$)(*!7#$#))-#0!5(%) !)*!-2#9#-#7!),(&)*!),$!+%--'"-#$$)*!&)* #!7#/!9#1(&0,),(&,&)*#'#!/$ 5#+(/##2,--0,$1%$$5#0#-#7!),(&1*!&9#$!))* #9!%9#!&0,&)*#$)%0!/#!,& 9/#!)#/0#3)*,&)*#0,$1%$$,(&$#1),(&)*!)+(--(2 $ (r rnrrrn'n$n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

PAGE 42

8 !5$#&1#(+!2!)#/$%/+!1#$-(3#*,$!5$#&1#(+$ -(3#,$"!&,+#$)#0,&)*#)#&0#&1 +(/$("#(+)*#%33#/"($)1/($$$#1),(&$)(0,$3-! !2!)#/-#7#-$-,9*)-5#-(2)*# 0#+, #("(/3*,15/#!4)*#$!"#)(4#&.)*#-( 2#/1/($$$#1),(&$,&$("#-!4#$ 2#/#,&%&0!)#0!5(7#)*#5!&4+%--#7#-."!4,&9,)0 ,++,1%-))(/#1(9&,D#$%5)-# 9#("(/3*,1+#!)%/#$*,$0,++,1%-)2!$!-$(1("3( %&0#05)*#0,$)%/5!&1#)($("# (+)*#-!4#$ #$3,)#)*#$#0,++,1%-),#$.)*#!7#/!9#1(&0,),(&$ !/#9#&#/!--/#3/#$#&)!),7#(+ )*#$!"3-#$n!1*-!4#=$,&0,7,0%!-1*!/!1)#/,$0, $3-!#0,&)*#$%""!/.!&0)*##!+ ,7#/!7#/!9#/#3/#$#&)$$#7#&(+)*##,9*)1/($$$ #1),(&$7#/2#--,9>?$*(2$! $1!))#/3-()(+1/($$>$#1),(&!-2,0)*7#/$%$1/($$> $#1),(&!-0#3)*n!1*-!4#)#&0$)( (11%3,)$(2&/#9,(&(+)*#9/!3*,1.2,)*)*#3!/) ,!--0/#09#0,"$!4#0,$3-!,&9)*# *,9*#$)"#!&0#3)*$!&02,0)*$(7#/!--*#()*#/!4#$$*(2$("#2,)*,&>-!4# 7!/,!5,-,).5%)(7#/!--.)*#!/#&!//(2#/)*!&)* #1-%$)#/(+"#!$%/#"#&)$+/(")*# "(0#/&1*!&&#-,)*)*##:1#3),(&(+)2(-!4#(5$# /7!),(&$.)*##!+,7#/ "#!$%/#"#&)$!/#2,0#/)*!&(/H%$)!$2,0#!$!& (+)*#-!4#"#!$%/#"#&)$ )*#$!"#)(4#&.,9>?$*(2$)*!))*##$),"!)# 05!&4+%-0#3)*$+(%&0,&)*# #!+,7#/!/#9#&#/!--$*!--(2#/)*!&)*#0#3)*$ +(%&0,&)*#1%)(++$*,$1("3!/,$(& ,$6%!&),+,#02,)*!,-1(:(&/!&4$%")#$)*#, -1(:(&,$!)2(>$!"3-# &(&3!/!"#)/,1)#$))*!),$0#$,9�)(2(/42,)*/! &4#0(5$#/7!),(&$&)*,$1!$#.)*# OC-!4#1/($$$#1),(&(5$#/7!),(&$2#/#1("3!/#0 )()*# O@/,7#/1/($$$#1),(& (5$#/7!),(&$%$,&9!-!/9#>$!"3-#!33/(:,"!),(&(+ )*#/!&40,$)/,5%),(&+(/ O8 (5$#/7!),(&$*#/#$%-)$(+)*#$#)#$)$!/#$*(2& ,&!5-#>C.2,)*5()*)*# >$1(/# !&0)*#/#$%-),&9 >7!-%#+(/#!1*"#)/,1*#,-1(:(&2!$%$#05#1!% $#,),$!/(5%$)

PAGE 43

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� $!"3-#.*!7#!$,9&,+,1!&)--(2#/ 2,0)*<0#3)*/!),()*!&)*#1%//#&)#!+,7#/rnr!n%nr $$)!)#0#!/-,#/.)*##!+,7#/1*!&&#-5#0,$1% //#&)-!)-#!$)"5#-(2)*# 1*!&&#-5#0(+)*#1%)(++$#$3,)#)*#8>#!/$3! &5#)2##&)*#+,/$)1%)(++!&0)*# +(%/)*1%)(++.!--)*#1%)(++$!/#-(1!)#0N'"!5 (7#)*#1%//#&)/,7#/5#0.,&0,1!),&9)*!) )*#0#9/!0!),(&*!$)!4#&3-!1#$,&1#)*#+(/"!),(& (+)*#-!$)1%)(++,&)*##!/-A8$ n7,0#&1#(+!$,",-!/-),"#0#3,$(0#(+0#9/!0!),( &,$+(%&0!))*#$)/#!" 9!%9#-(1!)#0C4"%3$)/#!".2*#/#)*#9!%9#*!0! /#-!),7#-$)!5-#5#0#-#7!),(&+(/ /(%9*-80#1!0#$5#+(/#%&0#/9(,&9C"(+0#9/!0!) ,(&,&)*#-!)#AB$!&0)*#&

PAGE 44

88 ($1,--!),&9!5(%)5#+(/#1(",&9)(/#$)/(%9*-'" 5#-(2)*#3/#0,$)%/5!&1##-#7!),(& E,9>CF n3,$(0#$(+1*!&&#-0#9/!0!),(&!/#1(""(&,&!/#!$ 2,)*9/!7#-",&,&9 !/$)(&#)!-E'F/#3(/)#0B"(+,&1,$,(&(& !-&!&)/##4.!&0,&!-0,#)!E?F3/(7,0#$!&,1#/#7,#2(+$)%0,#$)*!)*!7# /#3(/)#0%3$)/#!"!&00(2&$)/#!" ,&1,$,(&!$!"(/3*(-(9,1!-#++#1)(+$#0,"#&)",&, &9,&!--%7,!-1*!&&#-$*# /"(/3$(+n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

PAGE 45

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n&9,&##/$.(5,-#,$)/,1).A@'F*#$#3,)$(&)* #(2,#,7#/!/#0#3/,7,&9)*#-(2#/ #!+,7#/(+,)$3/,"!/$%33-(+)*#1(!/$#"!)# /,!-),$)*,$"!)#/,!-)*!)$#/7#$)( !/"(/)*#$!&05#0(+)*#/,7#/.)*#/#5$-(2,&9) *#/!)#(+#/($,(& ,7#&)*#/!)#(+$#0,"#&)!),(&,&)*#%33#/3,)!& 0)*#0#3)*$(+)*#3,)$,&)*# !/#!.2*,1*!33/(!1*B"E($$!#)!-.CF.,) ,$%&-,4#-)*!)$%33-(+(2,#,7#/

PAGE 46

8C $#0,"#&)$2,--5#/#$)(/#0,&!*%"!&$3!&(+),"#. "#!&,&9)*!))*#1*!&�#9/!0!),(&(11%//,&9,&)*,$!/#!(+)*##!+,7# /,$%&-,4#-)(1#!$#!-)(9#)*#/ !&),"#$((&.!&0,)$#++#1)$(&)*#9#("(/3*(-(9 (+)*##!+,7#/!/##:3#1)#0)( 5#1("#"(/##:)#&$,7#(7#/),"# *,-#)*#-!/9#1*!&9#$(11%//,&9!))*##!+,7#/ !&0(2,#,7#/1(&+-%#&1# !/#!-,4#-+!1)(/,&)*#0#9/!0!),(&!))*#$)%0 /#!1*.,&>1*!&&#-9/!7#-",&,&9,&)*# /#!1*!-$(3-!$!-!/9#/(-#&)*#/"(/ 3$(+n&9,&##/$.(5,-#,$)/,1) EA@'F/#3(/)(&)*##!+,7#/.)*#-(&9,)%0,&!-3 /(+,-#(+)*#$)%0/#!1*,$0#$1/,5#0,& 0#)!,-*#$#(5$#/7!),(&$2#/#"!0#5#+(/#,&>1*!& &#-9/!7#->",&,&9(3#/!),(&$ 5#9!&,&)*#/#!1* *,$/#3(/)0#$1/,5#$)*#)*!-2#9$-(3#+(/)*#%33 #/3(/),(&(+)*#$)%0/#!1*!$ 5#,&9/(%9*-""N*,$,$$3#1,+,1!--"#&),(�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

PAGE 47

8B )*#+(%/)*%)(++E,"$!4#F*#(7#/!--$*!3#/# 3/#$#&)#05)*#+(%/1%)(++$",//(/$ )*#-(&9,)%0,&!-+(/"0#$1/,5#05)*#/"( /3$(+n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rr #9!/0-#$$(+)*#+(/1#$,&0%1,&91*!&9#,&)*,$3( /),(&(+)*##!+,7#/.)*# 9#("(/3*(-(9(+)*#1*!&&#-0,++#/$$,9&,+,1!&)+/(")*#+(/"0,$3-!#0,&)*#+(%/ 1%)(++$)*!)$3!&'N8#!/$(+)*#+,/$)*!-+(+ )*#)*1#&)%/#1!&#:3-,1,)-$)!)# )*!))*##7,0#&1#+/(")*#(:5(2-!4#$/#7#!-$!/, 7#/)*!)*!$%&0#/9(&#/#-!),7#/!3,01*!&9#5()*,&1/($$>$#1),(&!-+(/"!&0,&5# 0#-#7!),(&;3/(7,&9)*!))*#$#

PAGE 48

8@ -!&0+(/"$!/#,&0,1!)(/$(+3!$)1*!&&#-1(&0,),(&$ !&01!&5#%),-,D#0!$"#!$%/,&9 $),14$+(/9#("(/3*,11*!&9#

PAGE 49

8A ,9%/#>!3(+)*#$)%0!/#!.$*(2,&9)*##!+ ,7#/&#!/!)),#$5%/9.,$$,$$,33,. !&0)*#-(1!),(&(+)*##(-(9,1!-%/7#E F$)/#!"9!%9#

PAGE 50

? ,9%/#>)%0!/#!"!3$*(2,&9+(%/(:5(2-!4#$ !&0#!+,7#/"#!&0#/$!-(&9 2,)*)*#-(1!),(&(+)*#$)/#!"9!%9#

PAGE 51

? ,9%/#>',:)#!/$(+0!,-$)/#!"+-(20!)!+( /)*##!+,7#/!)!)),#$5%/9. ,$$,$$,33,

PAGE 52

? !5-#>!-013/#$$!:(0,%"0,$),1*%")/##/,& 90!)!!&0-!4#!9##$),"!)#$ :5(2!4# ,"#(+1%)(++ !),&9"#)*(0 !-013/#$$$)!&0 -0/,1* AJ#!/$ /##1(/# -0#$)?#!/$."#!&#!/$ 2#&$-%++ ABJ#!/$ /##1(/# -0#$)A#!/$."#!&B#!/$ #09#2(/)* !)#A'$)(A8 A8!#/,!-3*()(9/!3*$ r(13/#$$)/##$3/#$#&) ,"$ ,0A8$)(A?? A??!#/,!-3*()(9/!3*$ r(13/#$$)/##$3/#$#&)

PAGE 53

?' !5-#>%""!/(+)*#/,7#/1/($$$#1),(&$ /($$$#1),(& #!&0#/ ,0)*E"F /#!E"F #!&0#3)*E"F ,0)*<0#3)* #!+,7#/ ?C C ? #!+,7#/ @@ C B 8 #!+,7#/' ?A @? 88 8 #!+,7#/8 C? @B '? 8@ #!+,7#/? ?8 CA @ 8 #!+,7#/C ? C 8 #!+,7#/B 8 ?@ C' @ ?' #!+,7#/@ 8 C @ '' 8B

PAGE 54

?8 !5-#>'%""!/(+)*#-!4#1/($$$#1),(&$ !4# /($$$#1),(& ,0)*E"F /#!E"F #!&0#3)*E"F ,0)*<0#3)* -0/,1* '8 C8 A B -0/,1* 8 @ -0/,1* '? 8 ? -0/,1* 8 A '' C 2#&$ B BB @ 2#&$ A @ C 2#&$ 8 @ 2#&$ 8 BB AC 8 C #09#2(/)* 8C 'A @C ?' #09#2(/)* ? 8 @ C #09#2(/)* @ '? C #09#2(/)* 8 'B '? A 8 ,"$ CB @ A '? ,"$ CC @? '? ,"$ C A? ,"$ 8 ?? AB B8

PAGE 55

?? !5-#>8*(2,&91%)(++)(/,7#/5#0#-#7!),(&1*! &9# !4# #!& 0#3)*E"F #-,#++/("-!4# $%/+!1#)(/,7#/ $%/+!1#E"F ,7#/ #))#0"#!& 0#3)*E"F ()!0,++#/#&1#E"F #!/$E#$)F !)# E""!NF -0/,1* ? #!&0#/ 8A '? A? '' 2#&$ B #!&0#/ A @ BA @ #09# 8 @B #!&0#/' AB 8 C? ,"$ @? 'B #!&0#/8 A@ '8 ?B ?B

PAGE 56

?C ,9%/#>8*!-2#9#-#7!),(&1*!&9#$%3)()*##! /!))*#$)/#!"9!%9#. !)),#$5%/9.,$$,$$,33,*#*#!75-!14-,�#&( )#$)*#>$!"3-#!N "(7,&9!7#/!9#

PAGE 57

?B !5-#>?*(2,&9-!4#!&0/,7#/!7#/!9#$+(/2,0) *.!/#!."#!&0#3)*.!&02,0)*<0#3)* /($$$#1),(& 9# ,0)*E"F /#!E" F #!&0#3)*E"F ,0)*<0#3)* #!+,7#/ %//#&) C B A ?C ,"$!4# A8$)(A?? C C @C '8 #09#2(/)*!4# A'$)(A8 ?8 ?B AA ?8 2#&$-%++!4# ABJ#!/$ '? '@ '8 -0/,1*!4# AJ#!/$ '? ?? ?? 8

PAGE 58

?@ ,9%/#>?!&4+%--2,0)*!&0"#!&0#3)*1("3!/,$( &+(/#!+,7#/C.,"$!4# 1,/1!A?.-0/,1*!4#1,/1!A.#09#2(/)*!4 #1,/1!A'@.!&0 2#&$-%++!4#1,/1!AB

PAGE 59

?A !5-#>C#$%-)$(+)*#,-1(:(&/!&4$%"$)!),$) ,1!-1("3!/,$(&+(/2,0)*.!/#!."#!&0#3)*.!&02, 0)*<0#3)* *!&&#-"#)/,1 >1(/# >!-%# !&4+%-2,0)* B 8' 8C@ !&4+%-"#!&0#3)* NA BA 8C@ !&4+%-1*!&&#-!/#! 8' ''8 8C@ !&4+%-2,0)*)(0#3)* CA 8 8C@

PAGE 60

C ,9%/#>C*!-2#9#-#7!),(&1*!&9#$(7#/)*#3!$) ?#!/$!))*#$)/#!" 9!%9#.!)),#$5%/9.,$$,$$,33,*#*#!75-!14-, �#&()#$)*#+,7#>$!"3-# "(7,&9!7#/!9#

PAGE 61

C ,9%/#>B,7#/!&0(:5(2-!4#/#-!),7#2!)#/$%/ +!1##-#7!),(&$

PAGE 62

C n' rrnnr rr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n$nr$nr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

PAGE 63

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nrnrrr(r$n$ #!&0#/,&9,$)*#/(()1!%$#(+!--%7,!-1%)(++$ $/,7#/$"#!&0#/.)*#,&0%1#! 3/(9/#$$,7#,&1/#!$#,&1*!&&#-$,&%($,)E((4#. AA?F),$)*,$)#&0#&1)(,&1/#!$# ,&$,&%($,))*!)#7#&)%!--3/("3)$"#!&0#/$)(#(&9!)#!&0#7#&)%!--)(1%)(++ #!&0#/,&9*!$5##&!$$(1,!)#02,)*$)#!0$)!)##6 %,-,5/,%",&-!/9#%&1(&+,�!--%7,!-/,7#/$*#"#!&0#/,&93/(1#$$ ,$7,#2#0!$(&#(+)*#"#!&$5 2*,1*!$)/#!"!0H%$)$,)$9/!0#7,!$,&%($,)$(! $)(/#!1*!%,-,5/,%"$)!)#,&

PAGE 64

C8 /#$3(&$#)(#:)#/&!-+(/1#$E#(3(-0!&0%--.ABA ;1*%"".AA'Fn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r!&$(&.AB?F)%0,#$(+&(&,&#!/,),&"#!&0#/"(7#"#&) 7#/$%$)*#/!0,%$(+1%/7!)%/#,&"#!&0#/$*!7#+(% &0)*!)5#(&0!1#/)!,&1%/7!)%/# /#-!),7#)()*#1*!&&#-2,0)*."#!&0#/$)#&0)(9/( 2"(/#/!3,0-Er!&$(&!&0,14,&.

PAGE 65

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�!--%7,!-$)/#!"$)(,&1/# !$#,&$,&%($,)%&),-!--%7,!1%)(++$(11%/,$2#--#$)!5-,$*#01*%""EABAF%$ #0)*#3/(1#$$!$)*#7#/ 0#+,&,),(&(+!&,&)/,&$,1)*/#$*(-0,&/,7#/$$)# "$((4#E8F/#3(/)$!$%$)!,� ,&1/#!$#,&$,&%($,)+(/3#/,(0$!$-(&9!$?# !/$,&/,)!,&.2*#/#)*#,&1/#!$#,& $,&%($,),&$3#1,+,1/#!1*#$2!$+(--(2#0!5/%3)5!3#/,(0(+!--%7,!-1%)(++$*# -,&45#)2##&"#!&0#/,&9!$!"#1*!&,$")(,&1/#!$# $,&%($,)!&01%)(++$!$! "#1*!&,$")(0#1/#!$#$,&%($,),$2#--#$)!5-,$*#0 ,&%($,),$)*#1/,),1!-"#!$%/# +(/%&0#/$)!&0,&9"#!&0#/0&!",1$!&0!--%7,!-1%) (++$#1!%$#"#!&0#/

PAGE 66

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%)(++$ *!0!)#&0#&1)((11%/,&)*#-(2#/ 3(/),(&(+)*#5!$,&.2*#/#-(2#/9/!0,#&)$3/#7!,#0.2*#/#!$1*%)#1%)(++$$##"#0)( (11%/,&$)##3#/!/#!$)*#/$)%0,#$*!7#!-$(1!) #9(/,D#0"#!&0#/1%)(++$n/$4,&##) !-EAAF1,)#0+(%/)3#$(+"#!&0#/1%)(++,&! 3!3#/(&%$)/!-,!&/,7#/$*# "#&),(�!&01*%)#1%)(++$.!$0#+,-#&EAC?F;"(5,-#5!/1%)(++$+/(" #2,$!&0#2,&=$2(/4;!&05#&0+-!))#&,&9+/("! ))*#$EA8@F r#14!&01*%)#1%)(++$!/#)*#/#$%-)(+)*#/,7#/ +,&0,&9!"(/#0,/#1)/(%)#0(2&> 7!--#$"#!&0#/,&93/(9/#$$#$.)*#0,$)!&1#)/!7 #-#05)*#/,7#/!/(%&0)*#5#&0

PAGE 67

CB -(2#/$)*#-(1!-9/!0,#&)$%5$)!&),!--.1/#!),&9( 33(/)%&,),#$+(/"(/#0,/#1)!&0$)##3#/ 9/!0,#&)3!)*2!$)(1!3)%/#)*#/,7#/!&00,/#1), )$+-(2!-(&9!(%/$#r#14 1%)(++$(11%/2*#&!*!&&#-,$1%)!1/($$)*# &!//(2(+!&#-(&9!)#0 "#!&0#/&1#)*,$(11%/$.n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�!/#!1*(+)*#,7#/(--,&5 #)2##&,-"$-(2!&0 !11-#$+,#-0(&)*#*#$*,/#-!,&*#(--,&*!$ !0/!,&!9#!/#!(+??4"!&0! "(5,-#1*!&&#-)*!)*!$#:3#/,#&1#0!&%"5#/(+1%) (++$,&/#1#&)#!/$2(1%)(++$ (11%//#05#)2##&A@!&0A@?;)*#+,/$)(11%//#0 ,&A@!&02!$!%)(++2,)* !B?"-((32,)*!'"0/(3,&#-#7!),(&*#$# 1(&02!$!1%)(++)*!)(11%//#0,& #1#"5#/A@?.!+#2"#!&0#/$0(2&$)/#!"+/(")*#+ ,/$)1%)(++*,$,$!1(""(&/#3(/)#03*#&("#&(&.2*#/#)*##++#1)$(+(%)(+ +1!&5#3!$$#0%3$)/#!"!&0 0(2&$)/#!".3/(3!9!),&9(%)2!/0!&00#$)!5,-,D,&9! 0H!1#&)/#!1*#$(+$)/#!". 3/("3),&9+%/)*#/1%)(++$((4#EAA?F$)%0,#0)*# $#1%)(++$1-($#-!+)#/)*#,/

PAGE 68

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�#!/-,#/.!&0)*#&!&()*#/$,:.2*,1* (11%//#05#)2##&AA@!&0 --5%)(&#(+)*#$#2!$!%)(++.!&01(--#1) ,7#-.)*#/#0%1#0)*#$,&%($,))( 85,&1#)*!)),"#.)*#/#!1*!33#!/$)( 5#$)!5-#!&0-!/9#-%&1*!&9#0 %)(++1-%$)#/$-,4#)*#(&#"#&),(�#!/-,#/*!7# 5##&/#3(/)#0,&)*#-,)#/!)%/#. 5%),&"!&1!$#$.)*#*!7#5##&!$1/,5#0)(%/5!& ,D!),(&%3$)/#!"E($-#.!$1,)#0 ,&((4#.8F(/)(1-,"!),1+-%1)%!),(&$En-r,Q (N(%)*#/&$1,--!),(&N0/,7#& +-((0R0/(%9*)/#9,"#$;n/$4,&##)!-.AAF((4# E8F!/9%#$1(&7,&1,&9-)*!))*# 1%)(++$,&,7#/(--,&!/#!/#$%-)(+,&)#/&!-3/ (1#$$#$.2,)*)*#1-%$)#/,&9!$#7,0#&1# (+)*#&!)%/!-,&$)!5,-,),#$!$$(1,!)#02,)*$#-+>( /9!&,D#01/,),1!-,) n&r*rn$+n+r *#'@)*,&9*!")(&"3($,%"2!$(&K("3-#:,),& #("(/3*(-(9L&! 2*,)#3!3#/+(--(2,&9)*#1(&+#/#&1#.%//!#)!EAF&!"#0)*##:!",&!),(&(+)*#

PAGE 69

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�#&7,/(&"#&) &)*#$$)#".!$,&%($,)(+ ,$&()(&-!$)/!,9*)3!)*0(2&>7!--#.5%)!-$(/ #3/#$#&)$!&K(/0#/#0L(/$%51/,),1!-

PAGE 70

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nrnr *#$#)),&9+(/)*,$$)%0,$)*#!$1!9(%-!,7#/ !$,&.2*,1*(11%3,#$ $(%)*#!$)#/&,$$,$$,33,!$2#--!$!$"!--3(/),(& (+$(%)*2#$)#/&-!5!"!,&)*# &,)#0)!)#$*#"!&!9,&9!9#&1+(/)*,$5!$,&, $)*#!)!//,$(&!)#/ !&!9#"#&),$)/,1)*#0,$)/,1)#&1("3!$$#$?1( %&),#$.2*,-#)*#!$1!9(%-! 0/!,&$&#!/-'.4"n-#7!),(&$,&)*#5!$,&/!&9#+/("(7#/",& )*#&(/)*)( $#!-#7#-,&)*#$(%)*.2*#/#)*#/,7#/#&)#/$)*# %-+(+#:,1(-)*(%9*)*# !$1!9(%-!!$,&-,#$1("3-#)#-2,)*,&)*#%-+( !$)!--!,&.)*#5!$,&,$?4"-(&9 +/("&(/)*)($(%)*!&01("3/,$#$!&%"5#/(+-(1!3*$,(9/!3*,1/#9,(&$.,&1-%0,&9 )*#r(/)*#&)/!-,--$.)*#!14$(&/!,/,##-). )*#(&9-#!+,&##-).!&0)*#(!$)!,&##!0(2$E/"(/3$(+n&9,&##/$.(5,-# ,$)/,1).AC@F *#)/,5%)!/,#$(+)*#!$1!9(%-!7!/,&$,D#./#,#+.!&0-!&01(7#/;!5-#'> $%""!/,D#$)*#0/!,&!9#!/#!$+(/)*#$)/#!"$2,)*, &)*#$%55!$,&$)*!))*,$$)%0 #:!",&#$,9'>0#3,1)$)*#!$1!9(%-!!$,&!&0 ,)$)/,5%)!/,#$*#!$1!9(%-!=$ )2("!H(/)/,5%)!/,#$-,#"($)-,&)*#(&9-#!+, &##-).2,)*)*##!+,7#/0/!,&,&9! $%5$)!&),!-3(/),(&(+)*!)5#-).2*,-#)*#*,14!$ !2*!,7#/0/!,&$)*#*,--%3-!&0$

PAGE 71

B !&03/!,/,#$(+)*#-!14#-)#9,(&,&)*#+!/&( /)*5#+(/#+-(2,&9,&)()*#,&##-) *#$%/+!1#9#(-(9(+)*#(&9-#!+,&##-),&1-% 0#$(/#$),--!&0.#0-%++-!. ,14$5%/9/(%3.!&0*,14!$!2*!,"#$)(&#(+)*# -,9(1#&#-$(.)*#/#!/#)*# !)!*(%-!!&0$)(&#.!)),#$5%/9(/"!),(&.!&0!$ 1!9(%-!(/"!),(&(+)*# ,(1#&#,&!--.)*#/#,$)*#,)/(&#--#(/"!),(& (+-,(1#&#!9#*#9#(-(9(+)*# 33#/*,14!$!2*!,7#/!&0)*#/!,/,##-))()* #&(/)*,$3/#0(",&!)#-1("3($#0 (+)*#0!/4./,1*$(,-$+(/2*,1*)*#-!14#-),$ &!"#0;)*#/#,$!-$()*#!14$(&/(%3 -!$(+n(1#&#!9#&9#&#/!-.)*#9#(-(9,$"(/ #/#$,$)!&))()*#/,7#/&#)2(/4,& )*#&(/)*#!$)#/&3(/),(&(+)*#5!$,&.!&0)*#/,7# /$+-(2,&9,&)*($#3(/),(&$)#&0)(5# ,&1,$#02,)*&!//(27!--#$/#-!),7#)()*#/#-!),7 #-%&1(&+,�/,7#/$+-(2,&9,&)*# 2#$)#/&!&0$(%)*#/&3(/),(&$(+)*#5!$,&E($$!! &0(-#.8!F *#-!&01(7#/,&)*#5!$,&,$3/#0(",&!)#-+(/#$) .2,)*!9/,1%-)%/#5#,&9$-,9*)"(/#3/#7!-#&),&)*#&(/)*#/&3(/),(&(+)*#5!$,& !&0+(/#$)(/$,-7!1%-)%/#5#,&9"(/# 3/#7!-#&),&)*#",00-#!&0-(2#/3(/),(&$(+)*#5 !$,&,:)>(#/1#&)(+,$$,$$,33, ,$1!)#9(/,D#0!$+(/#$).!&0)*#!$1!9(%-!0(#$& ()!33#!/)(0,++#/$%5$)!&),!--+/(" )*!)!7#/!9#E($$!#)!-.CF *#1-,"!)#,&)*#$)%0!/#!,$*%",0$%5)/(3,1!-. 2,)**()$%""#/$!&01((2,&)#/$*#"#!&)#"3#/!)%/#+(/?#!/$(+/#1( /0,$/(%9*.!&0!&&%!/!,&+!--,$!33/(:,"!)#-81".2,)*!+!,/-#7# &$3/#!0)*/(%9*(%))*##!/E /"(/3$(+n&9,&##/$.(5,-#,$)/,1).A@'F* #"!,&/!,&"!4,&9"#1*!&,$"$,& )*#/#9,(&!/#2,&)#/!&0$3/,&9+/(&)$.$%""#/)*% &0#/$)(/"$.!&0)/(3,1!-$)(/"$$ !/#$%-).+!--,$)*#0/,#$)$#!$(&!&0$3/,&9,$) *#2#))#$)$#!$(&+)*#/!,&"!4,&9

PAGE 72

B "#1*!&,$"$.(&-2,&)#/!&0$3/,&9+/(&)$3/(0%1#$ #/,(%$+-((0,&9.2,)*)*#-!/9#$) +-((0$(11%//,&93/#0(",&!)#-,&3/,nrn ((n,rrr *,$$)%0%$#$"%-),3-#$(%/1#$(+3-!&+(/"(/"!3 0!)!*#(-0#$)$(%/1#,$! A8B#(-(9,1!-%/7#EF?",&.!&0>2*,)#!,/ 3*()($ *#&#:)$(%/1#(+0!)!,$)*#AA$E$3#1,+,1!--. AANAACF$#/,#$(+0,9,)!(/)*(6%!/)#/6%!0/!&9-#$E$F*#$!/#!) !$1!-#(+<.!&0*!7# )*#"($)#:)#&$,7#1(7#/!9#(+!--)*#0!)!$(%/1#$ ,&)*#$)%0.1(7#/,&9!--3(/),(&$(+ $)/#!")*!)2#/#1(7#/#05)*#A?$!&0A@$0!)

PAGE 73

B' *#+,&!-$(%/1#,$)*#?r!),(&!-9/,1%-)%/# "!9#//(9/!"ErFr ,"!9#/,$1(--#1)#05!,/1/!+),&&!)%/!-1(-(/E )*/##5!&0$./#0>9/##&>5-%#F!&0*!$! "9/(%&0/#$(-%),(&!&0!$3#1,+,#0!11%/!1(+? "!)A?I1(&+,0#&1# (rr)n,r *#$+/(")*#A@$!&0$+/(")*#AA$2# /#9#(/#+#/#&1#0)()*# ,$$,$$,33,/!&$7#/$##/1!)(/EF3/(H#1),(&5 ,$$,$$,33,%)("!)#0#$(%/1# &+(/"!),(&$)#"$)!++*#"#)!0!)!+(/)*#$#0! )!,&0,1!)#)*!)5()*0!)!$#)$ 3($$#$$*(/,D(&)!-!11%/!1,#$)*!)!/#1("3-,!&)2, )*r!),(&!-!311%/!1 )!&0!/0$ErFrE#(-(9,1!-%/7#.A8 B?>,&%)#%!0/!&9-#$F /#6%,/#)*!)&()"(/#)*!&I(+$#",>,&7!/,!&)+# !)%/#$(&!)(3(9/!3*,1"!3 !/#9/#!)#/)*!&@?""ER')*(+!&,&1*F+/(") *#,//#!->2(/-0"!33($,),(&$!) $1!-#$-!/9#/)*!&<.*,$*(/,D(&)!-!11%/! 1,$"!,&)!,�,&$1!&� )(3(9/!3*,1"!3$.(/$!&0$*,$1(//#$3(& 0$)(JC"!)<.; JA"!)<8.;!&0J'B?"!),0#&),+,!5-#9/(%&01(&)/(-3(,&)$ 2,)*!&!11%/!1(+2,)*,&?"!)!A?I1(&+,0#&1# -#7#-

PAGE 74

B8 *#5!$#1((/0,&!)#$$)#"+(/!---!#/$2!$0#/,7 #0+/(")*#$;!--0!)! 1/#!)#0+(/)*,$3/(H#1)2#/#0#+,�)("!)1*)*# 3/(H#1),(&;!&0!1%$)(" &,7#/$!-/!&$7#/$##/1!)(/EF3/(H#1),(&2!$ %$#05#1!%$#,$$,$$,33,$,)$ !$)/,0#)*#5(%&0!/5#)2##&D(&#$?!&0C *#%$#$)*#r(/)* "#/,1!&!)%"(+A@'!&0*!$,)$1#&)/!-"#/,0,!& !)@AB?S-(&9,)%0# &)*#1!$#(+)*#3*()($.)*#$(%/1#0!)!2#/# 5-!14>!&0>2*,)#+,-" )/!&$3!/#&1,#$$1!&�$(!$)(3/#$#/7#!"9/(% &01#--/#$(-%),(&*#$#$1!&� )/!&$3!/#&1,#$2#/#)*#&1/(33#0)(/#"(7#5(/0#/$ !&0+,0%1,!-$!&02#/# 9#(/#9,$)#/#0)()*#AA$$n!1*3*()(*!0C N?9/(%&01(&)/(-3(,&)$. 0#3#&0,&9(&)*#&%"5#/(+!7!,-!5-#,0#&),+,!5-#+ #!)%/#$+,/$)>(/0#/3(-&(",!-2!$ %$#0)(1(&7#/))*#,"!9#)(/#!->2(/-01((/0,&!)#$ .2,)*#!1*(+)*#3(-&(",!3!/!"#)#/$)#$)#0+(/$,9&,+,1!&1#!))*#A?I1(&+, 0#&1#-#7#-.#&$%/,&9!&!11%/!)# )/!&$+(/"!),(&E($$!!&0(-#.85F&1##!1* ,"!9#2!$/#1),+,#0.!7,$%!#09#>"!)1*,&93/(1#$$2!$3#/+(/"#0)(#&$%/#)*!) #!1*$)/#!"2!$!-,9,)*,)$ !0H!1#&)!&0(7#/-!33,&9!,/3*()($+!&$)/#!" 1*!&&#-$#9"#&)2!$",$!-,9 9/#!)#/)*!&@"E/#1!--)*!))*#r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

PAGE 75

B? 3*()($2!$"F*#-#+)!&0/,9*)5!&4$(+#!1*$)/#!"$#9"#&) 2#/#/#3/#$#&)#0 5-,&#$2,)*7#/)#:#$)*!)2#/#9/#!)#/)*!&?"! 3!/)#))3,1!---#$$)*!&(&# 1*!&&#-2,0)*!3!/)*#$#-,&#$#:)#&0#0)()*#5( /0#/(+#!1*6%!0/!&9-#.2*#/#)*# 2#/#1-($#0.1/#!),&9!3(-9(&+(/)*!)6%!0*#$ #0!)!/#3/#$#&)#0)*#1*!&($,),(&+(/)*!)3!/),1%-!/6%!0!))*!)3!/),1%-! /),"#$)#3*#%$#(+6%!0$)(0#+,&# /#!1*$#9"#&)$2!$!/5,)/!/!&02!$$#-#1)#0(&)($,"3-,+0!)!6%#/,#$E($$! !&0(-#.85F("3-#:1*!&&#-$.1*!&&#-5!/$. !&0"#!&0#/,$-!&0$1/#!)#05 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r,"!9#/,#-0#0$-,9*) --(2#/#)$,",-!/-#&9)*$(+

PAGE 76

BC 0,9,),D#0$)/#!"1*!&&#-$3*()($+/(")*#A? $2#/#/(%9*-I$*(/)#/.5%) )*,$2!$"!,&-5#1!%$#(+)*#!+(/#"#&),(�,++, 1%-),#$,&/#1(9&,D,&9)*#%33#/ /#!1*#$!&0$"!--#$)1*!&&#-$5#&#!)*)*#+(/#$)1! &(3*#A8$3#/,(0*!0)*# $*(/)#$)-#&9)*(+0,9,),D#01*!&&#-5#1!%$#)*#"! 31(7#/!9#+(/)*#5!$,&2!$-,",)#0 )()*#$(%)*#/&3(/),(&(r *,$$)%0#"3-($)*/##0,++#/#&))3#$(+,&+(/"! ),(&)(#:!",&#)*#3*#&("#&! !$$(1,!)#02,)*"#!&0#/,&9/,7#/$*#+,/$))3#( +,&+(/"!),(&,$)*#/#1(9&,),(&!&0 0#"!/1!),(&(+!--%7,!-1%)(++$,&)*#r()!-1%)(++$!/##!$,-/#1(9&,D!5-#+#!)%/#$ ,&)*#3-!&+(/"!&01!&5#1(&+%$#02,)*()*#/"#!& 0#/,&93/(1#$$#$-,4#)/!&$-!),(& n!1*1%)(++2!$,0#&),+,#057,#2,&9)2(!0H!1#&) E,&),"#F1*!&&#-5(%&0!/7#1)(/ -!#/$,&)*#*#$#-!#/$2#/#3-!1#0!)(3)* #(/,9,&!-5!$#,"!9#/+(/)*#"($) /#1#&)(+)*#7#1)(/-!#/$$()*!)!&1*!&&#-1*! &9#/#1(/0#05#)2##&)*#)2(7#1)(/ -!#/$1(%-05#(5$#/7#0,&)*#"($)/#1#&)-!#/ (/#:!"3-#.)*#A@$$)/#!" 1*!&&#-5(%&0!/7#1)(/-!#/+/("$2!$(3#� !$),"#$)#3*#AA$ $)/#!"1*!&&#-5(%&0!/7#1)(/-!#/+/(")*#$ 2!$(3#�!$),"#$)#3 ()*7#1)(/-!#/$2#/#3-!1#0!)(3)*#/!$)#/ ,"!9#)*!)2!$%$#0)(1/#!)# ),"#$)#3*#&)*#1*!&&#-"(7#0!33/#1,!5-5#) 2##&),"#$)#3!&0),"#$)#3. )*#5!149/(%&0,"!9#1(%-05#%$#0)(0#)#/",&#,+ !1%)(++*!0(11%//#0*#&)*#/# 2!$&(#7,0#&1#(+!$#1(&01*!&&#-(/!&!5!&0(� 1*!&&#-.)*#&,)2!$-,4#-)*!) )*#3-!&+(/"1*!&9#,&)*#1*!&&#-(11%//#09/!0%!-7,!)/!&$-!),(&+)*#/#2!$ #7,0#&1#(+)*#+(/"#/1*!&&#-.)*#&)*#1%)(++1*! &&#-2!$"!/4#0!-(&9)*#1*!&#&)#/-,&#!))*#1#&)#/(+,)$-#&9)**,$,$9#& #/!--&#!/)*#!3#:(+%)(++$!&0 ",02!5#)2##&)*#)(3!&05())("(+)*#1%)(++,& 1*%)#1%)(++$r#141%)(++$2#/#

PAGE 77

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r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

PAGE 78

B@ ),"#$)#32*#/#)*#1%)(++(11%//#0*,$3/(1#$$2 !$1/#!)#0+(/#7#/$,&9-#1%)(++. "#!&,&9)*!))*#$3!),!-0,$)!&1#5#)2##&)2(1%)(+ +$E1%)(++!&01%)(++F2!$ 0#)#/",�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r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

PAGE 79

BA #$)!5-,$*#03*$,1!-/#-!),(&$*,32,)*"#!&0#/$& ,9*)(&EAA@.3?F&()#$)*!) /#$#!/1*,&!7!/,#)(+$)#!"#&7,/(&"#&)$1(&$,$) #&)-/#3(/)$!"#!&0#/2!7#-#&9)* )*!),$5#)2##&!&081*!&&#-2,0)*$ *#1*!&&#-2,0)*"#!$%/#$2#/#(5)!,�+/(")*# $>#/!,"!9#/ErF 5#1!%$#,)2!$+-(2&(7#/!$*(/)),"#$3!&/#-!),7 #)()*#()*#/5!$#0!)!$(%/1#$. #&$%/,&9!&!//(2/!&9#(+$)/#!"$)!9#$!1/($$)*# #&),/#5!$,&*#,"!9#/2!$ $3#1,+,1!--1!3)%/#00%/,&9%-?%/,&9)*,$ "(&)*.)*#0,$1*!/9#"#!$%/#0!) $)/#!"9!%9#$!/(%&0)*#5!$,&2!$&#!/)*#"# 0,!&/#1(/0#00,$1*!/9#+(/ )*($#9!%9#$(/#:!"3-#.)*#$)/#!"9!%9#(& )*#*,14!$!2*!,7#/!) n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

PAGE 80

@ 4",&)#/7!-$5#1!%$#(+)*#-#&9)*(+#!1*/,7#/ ,&)*#$)%0,&%($,)2!$1!-1%-!)#0 +(/#!1*$#9"#&)!&0#!1*),"#$)#350,7,0,&9)*# 1#&)#/-,&#$)/#!"0,$)!&1#+(/)*# $#9"#&)5)*#1#&)#/-,!--#0,$)!&1#+(/)*#$ #9"#&)*#/#$%-),$!0,"#&$,(&-#$$ /!),((+)*#/,7#/=$3!)*/#-!),7#)(,)$7!--# n +2#/#+#/)()*#"!3(+)*#$)%0!/#!E,9'>F .2#&()#)*!)$)/#!"$2#/# ,&7#$),9!)#0!1/($$!/!&9#(+$3!),!-$1!-#$,9 '>!-$($*(2$)*#-(1!),(&$(+)*# 1%)(++$)*!)(11%//#0(7#/)*#3!$)?#!/$!5-# '>+%/)*#/0#+,&#$)*#/!&9#(+ $1!-#$,&)*#$)%05$*(2,&9)*#-#&9)*(+#!1*$ #9"#&)$!"3-#0.)*#0/!,&!9#!/#! +(/)*#$#9"#&).!&0)*#&%"5#/(+1%)(++$(5$#/7#0 +(/#!1*),"#$)#3 *#/#2#/#B1%)(++$+(%&0(7#/)*#4"(+$) /#!")*!)2#/##:!",� *#&2#-((4!))*#1%)(++$.2#1!&(/0#/)*#"5) *#,/-(1!),(&,&)*#5!$,&.)*#,/),"# (++(/"!),(&.!&0)*#,/$3!),!-/#-!),(&$*,32,)*) *#()*#/1%)(++$,&)*#$)%0 n,9*)>)*/##3#/1#&)(+)*#1%)(++$,&)*#5!$,&2# /#-(1!)#0,&$)/#!"$#9"#&)$ %&0#/'4",&0/!,&!9#!/#!(2#7#/.(+)*#)()!--#&9)*(+ $)/#!"#:!",�.(&BI(+)*#$)/#!"$#9"#&)$*!0%&0#/'4",&0/!,&!9#!/#!)*#/1("3!/,$(&$ 51%"%-!),7#3#/1#&)!9#/#-!),7#)(0/!,&!9#!/#! $%33(/))*#&(),(&)*!))*#/#!/# "(/#!--%7,!-1%)(++$(11%//,&9,&)*#-(2#/0/!,&! 9#!/#!3(/),(&$(+)*#5!$,&*,$ &(),(&,$5(/&#(%),&)*#,&+(/"!),(&0,$3-!#0,& )*#"!3(+)*#$)%0!/#!E,9'>F !&0)*#$%""!/)!5-#,&)/(0%1#0#!/-,#/E!5-#'> F),$+%/)*#/!11#&)%!)#05,9'> '.2*,1*0,$3-!$)*#1%"%-!),7#3#/1#&)!9#(+1%)( ++$!&0$)/#!"$#9"#&)-#&9)*$ /#-!),7#)(0/!,&!9#!/#!

PAGE 81

@ n7#&2,)*)*#-,",)#0&%"5#/(+$)/#!"$#9"#&)$#:! ",�,&)*#$)%0.,),$ (57,(%$)*!)!--%7,!-1%)(++$0,$3-!#0(&,9'>' $%/9#!*#!0/#-!),7#)()*#-#&9)*(+ $#9"#&)$#:!",�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�,9'>8$*(2$!*,$)(9/!"(+)*# +/#6%#&1(+!--%7,!-1%)(++$!) 0,++#/#&)0/!,&!9#!/#!$*,$3!/),1%-!/*,$)(9/!" 0(#$&()*!7#0!)!5,&�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

PAGE 82

@ (11%//#0.2,)*!33/(:,"!)#-1%)(+++(/#7#/@ 4"(7#/2*!),$/(%9*-!'>#!/ $3!&(7,&9+(/2!/0,&),"#.2#+,&0)*!)?81%)(+ +$(11%//#05#)2##&)*#A@'$ !&0)*#AAC$*,$)/!&$-!)#$,&)(!5(%)(&# 1%)(+++(/#7#/A4"(+$)/#!" #:!",�*#/!)#(+1%)(++$(11%//,&9$##"$)($(25#)2##&)*#AAC$!&0 )*#r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

PAGE 83

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�!) /(%9*-(&#>"#!&0#/>2!7#-#&9)*,&1/#"#&)$),$!9 !,&,"3(/)!&))(&()#)*!))*#> 1*!&&#->2,0)*(/#,9*)>"#!&0#/>2!7#-#&9)*-,",))( )*#1*!/),$!&!/5,)/!/(&#),$ -,4#-)*!))*#3*$,1!-/#-!),(&$*,35#)2##&$%33( $#0-3/(:,"!-1%)(++$5#1("#$ $3%/,(%$5#+(/#1*!&&#-2,0)*$rrnr *#1*!&&#-$,&%($,)+(/#!1*/#!1*!&0#!1*),"# $)#3,$$%""!/,D#0,&!5-#$ '>!&0'>'!5-#>0,$3-!$)*#0/!,&!9#!/#!+ (/#!1*$#9"#&)!$2#--!$)*# 0(2&>7!--#0,$)!&1#E!$(33($#0)()*#$)/#!"0,$) !&1#0,$3-!#0,&!5-#'>F-$( 0,$3-!#0!/#)*#$!"3-#$,D#(/&%"5#/(+/#!1*#$ 3#/$#9"#&)!&0)*#$!"3-#"#!& $,&%($,)!&0$!"3-#7!/,!&1#+(/#!1*$#9"#&)!5 -#'>$*(2$)*,$,&+(/"!),(&+(/ )*#!#/,!-$+/(")*#-!)#A?$!&0+(/)*# B?",&$+/(")*#A@$

PAGE 84

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r rnr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

PAGE 85

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�(11%/, &H%$))*/##1-%$)#/$.2,)*! 1("5,�-#&9)*(+$-,9*)-"(/#)*!&4"(/#3 */!$#)*!),&+(/"!),(&.CI(+)*# 1%)(++$(11%/,&H%$)CI(+)*#)()!--#&9)*(+$)/ #!"#:!",� *#3!))#/&,&)*#2#$)#/&3(/),(&(+)*#!$1!9(%!!$,&,$&()!$1-#!/ (2#7#/.)*#/#,$$)/(&9#7,0#&1#+(/1-%$)#/,&9*# /#.!$2#--),$,"3(/)!&))(&()#)*!) ,&)*,$$)%0.)*#)#/"1-%$)#//#+#/$)(!1(--#1) ,(&(+)*/##(/"(/#1%)(++$2,)*,&1-($# 3/(:,",).!$0#+,)*#$3!),!-&#,9*5(/0#+,& ,),(&$(%)-,�#!/-,#/*##!+,7#/ !&0,)$)/,5%)!/,#$!/#-#$$1(&+, #(-(9,1!-!&00,++#/#&)+/(")*#*,14!$!2*!; !-$(.)*#/#,$!-!/9#//!&9#(+0/!,&!9#!/#!$#:! ",�,&)*##!+!$,&(2#7#/. )*#/#!/#"%-),3-#1-%$)#/$(+1%)(++$.3!/),1%-!/,&)*#%33#/3(/),(&(+)*##!+!&0,& $("#(+,)$)/,5%)!/,#$*#4"(+)*##!+, 7#/!5(7#,)$1(&+-%#&1#2,)*#$) !--!*!-!/##41(&)!,&B(+,)$1%)(++$,&)2( 1-%$)#/$.#!1*/(%9*-!4,-("#)#/,&

PAGE 86

@C -#&9)*()*(%,#!&04!)("!1/##4$0,$3-!!$," ,-!/3!))#/&.2,)*(%,#/##4 *!7,&98(+,)$1%)(++$(7#/'?4"(11%//,&9,& !$,&9-#1-%$)#/!33/(:,"!)#-C4" -(&94!)("!/##4*!$(+81%)(++$(7#/8'4" (11%//,&9,&+(%/1-%$)#/$(+)*/## 1%)(++$#!1*.2,)*#!1*1%)(++1-%$)#/5#,&9-#$$) *!&4"-(&9*#&$3/#!0!1/($$ !3!/!9/!3*.)*,$,&+(/"!),(&,$*!/0-5/#!)*)!4,& 9.5%),),$,"3(/)!&))(/#1(9&,D#)*!) ,&)*,$%33#/3(/),(&(+)*##!+,7#/.2#+,&0)* !)'(+)*#81%)(++$+(%&0,&)*#? 4"(+$)/#!"#:!",�.(11%/,&1-%$)#/$(+)*/##( /"(/#!&0)*#1("5,�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�#!/-,#/n!1*(+ )*#1-%$)#/$2!$-(1!)#0(&$"!--#/ )/,5%)!/,#$(+)*##!+,7#/<(&#(11%//,&9(&(9 %#("(/##4,&)*#%33#/"($) 3(/),(&(+)*!))/,5%)!/!&0)*#()*#/)2((11%//, &9(&*("3$(&/##4*#$# 1("5,�-#!7#!)()!-(+8(+1%)(++$(7#/C' 4"(+$)/#!"(11%//,&9,&H%$))*/## 1-%$)#/$(+-#$$)*!&8?4",&1("5,�-#&9)*

PAGE 87

@B &)*#!$1!9(%-!!$,&.)*#3!))#/&+(/1-%$)#/,&9 (+1%)(++$5#9,&$)(5/#!40(2& !$)*#0/!,&!9#!/#!,&1/#!$#$&!--(+)*#-(2#/ #!+!&0)*#!$1!9(%-!,7#/.)*#/# ,$(&-(&#()*#/1-%$)#/(+1%)(++$.!&0)*!)(11% /$(&)*#!$1!9(%-!!&0/#6%,/#$)*# +%--$3!&(+?#!/$)(#"#/9#.!&0,$&#!/-A 1*!&&#-2,0)*$+/(")(3)(5())("(& !$#9"#&)(+$)/#!"2,)*!7#/2,0#1*!&&#-*# !$1!9(%-!1-%$)#/+,)$)*#-(($#$) 0#+,&,),(&$(+!$3!),!-&#,9*5(/!$(%)-,�,&)* ,$$)%0.5%),),$/#!--H%$))*/##1%)(++$ $3/#!0(7#/'4"(+$)/#!"+2#1*(($#)(0,$/#9 !/0,)$3/#$#&1#.2#1!&1-!,")*!) &,%)(++$(11%//#02,0#-$3/#!0(7#/A'4"(+ $)/#!".$%99#$),&9)*!)1%)(++ 1-%$)#/$!/#-!/9#--,",)#0)($"!--#/$)/#!"$.!) -#!$)(7#/*%"!&$1!-#$(+),"# rrn )(-%"EAACF$%99#$)$)*!))*#"!:,"%"7!-%#+(/$ ,&%($,),&!&%&1(&$)/!,�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�)*#$!&03,-#)(!"(/#$)!5-#$)!)#.2*#/ #$"!--#/!7!-!&1*#$$),--(11%//#0 &)*#!$1!9(%-!,7#/!$,&.2#1!-1%-!)#0)*#$, &%($,)+(/88'$#9"#&)$(+ $)/#!".$(,),$3($$,5-#)(1("3!/#)*#$,&%($,) (+$#9"#&)$2*#/#1%)(++$(11%//#0 2,)*)*#$,&%($,)(+$#9"#&)$2,)*(%)1%)(++$# 0(+,&0!$,9&,+,1!&)-*,9*#/$,&%($,) ,&/#!1*#$2,)*1%)(++$)*!&,&/#!1*#$2,)*(%)1%) (++$.2,)*! 7!-%#(+,&!

PAGE 88

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

PAGE 89

@A "(7#)*#/#!1*!2!+/("!3()#&),!--1/,),1!-)*/ #$*(-0.2,)*)*#3($)1%)(++$,&%($,) !7#/!9,&9,&)*#8)*3#/1#&),-# *#&)*#0!)!+/(")*#!$1!9(%-!!/#1("3!/#0)() *#5#&1*"!/4$)%0/#!1* (&,7#/(--,&.)*#/#$%-)$!/#%&0#/>2*#-",&9!&0 .!)+!1#7!-%#.1(%-01!$)$("# 0(%5)(&)(-%"=$*3()*#$,$(+,&/,7#/3-!&+( /"0&!",1$%),$,"3(/)!&))( /#1(9&,D#)*!))(-%"=$*3()*#$,$2!$1/#!)#0+/(" !"(0#-2,)*",&,"!-0,$1*!/9# +-%1)%!),(&$!&01("3-#)#-%&1(&$)/!,�(/+/##"#!&0#/,&9/,7#/$,$1/,),1!)*/#$*(-0(+'8$,&%($,),$&()/#!0,-!33!/#&) ,&(%/0!)!.5%))*#!$1!9(%-!,$! 5!$,&2,)*!9/#!)0#!-(+7!/,!5,-,),&,)$1(&0, ),(&$%1*(+)*#5!$,&0(#$&()"##) )*#>1*!&&#->2,0)*>2,0#7!--#$3#1,+,#05)(%"&#:1#--#&)#:!"3-#(+)*# 1(&)/!0,1),(&$1(""(&)(&!)%/!-/,7#/$,$)*#"($) $,&%(%$/#!1*,&)*#!$1!9(%-! !$,&<4"/#!1*(+)*#33#/*,14!$!2*!,7#/ *!$!$,&%($,)(+'@@.#),),$ (&#(+)*#"($)$)!5-#/#!1*#$,&)*#$)%0!&0*!$ "!,&)!,�!&#!/-1(&$)!&) 1*!&&#-3($,),(&(7#/?#!/$(+(5$#/7!),(&57, (%$1(&)/!0,1),(&$!$,0#. !33#!/$)((++#/!9/#!)0#!-(+,&$,9*),&)(*(2$ ,&%($,)"!+%&1),(&!$!0/,7#/(+ 3-!&+(/"1*!&9#n&r*nrrrn n$n &0#/)*#*3()*#$,$(+,&/,7#/$.2#1!&#:3#1 )$("#5!$,1)/#&0$)( #"#/9#+/("!&$#)(+$)/#!"$,&%($,)"#!$%/#$ )-(2$,&%($,).2#2(%-0#:3#1) )*!))*#$)/#!"2(%-0(&-,&1/#!$#,&$,&%($,)(7 #/),"#!$)*#$$)#""(7#$)(2!/0 )*#*3()*#$,D#01/,),1!-!))/!1)(/&1#)*#$,&%( $,)!33/(!1*#$)*#!))/!1)(/.2# 2(%-0#:3#1)+(/$,&%($,))(0#1/#!$#(7#/),"#2, )*!--%7,!-1%)(++$E)(-%".AA@F #1!--)*#1(&1#3)%!-"(0#-+(/$)/#!"$,&%($,)E ,9'>F+)*#0!)!)*!)1/#!)#0)*!) "(0#-2#/#3-!1#0,&!$1!))#/3-() 7#/$%$ G.2#2(%-0#:3#1))*!))*#0!)!

PAGE 90

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r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�$%5$)!&),!--&)*#!&! -$,$.((4#+(%&0)*!))*#"($)

PAGE 91

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

PAGE 92

A ,$,&$,9*)+%-5%)-!/9#-,&!33/(3/,!)#+(/!$$)# ")*!),$/#3%)#0)(5#&(&-,&#!/"(/# %$#+%-!33/(!1*,$(%)-,�,&)*#+(--(2,&93!/!9/ !3*$ ((4#EB5F0,7,0#0)*#$,&%($,)0!)!+/(")*# ,$$,$$,33,,7#/,&)()2( $!"3-#$.(,)*!&,&,),!-$,&%($,)7!-%#(+-#$ $)*!&!&0(,)*!&,&,),!$,&%($,)7!-%#(+9/#!)#/)*!&*#)2( 7#/$%$ G3-()$2#/#"!/4#0-0,++#/#&). 2,)*)*#-(2#/$,&%($,)7!-%#$)#&0,&9)(/#9,$)#/ !&,&1/#!$#,&$,&%($,)(7#/)*#&#:) ),"#$)#3!&0)*#*,9*#/$,&%($,)7!-%#$)#&0,&9) (/#9,$)#/!0#1/#!$#(7#/)*#&#:) ),"#$)#3*#0,7,$,(&!)$,&%($,)2!$&()!/5, )/!/.5%))*#+(--(2,&9!33/(!1*)( 0,7,0,&9)*#3(3%-!),(&3/(7,0#$!"(/#,&>0#3)*"# )*(0+(/1*(($,&9)*#7!-%#+(/)*# 5/#!4 *#&)*#$,&%($,)7!-%#$+(/!--)*#/#!1*#$"#!$% /#0,&)*#$)%0!/#(/0#/#0 +/("-#!$))(9/#!)#$).2#1!&)!4#)*#1*!&9#,&$ ,&%($,)7!-%#$+(/#!1*/#!1*!&0 1/#!)#!+%&1),(&)*!)0,$3-!$)*#(7#/!--3!))#/& (+$,&%($,)1*!&9#9,7#&)*#,&,),!$,&%($,),&!/#!1**,$+%&1),(&,$!$,"3-#1%" %-!),7#$%"(+0#7,!),(&$+/("D#/((/ &(1*!&9#+!9,7#&/!&9#(+/#!1*$,&%($,)7!-% #$)#&0$)(!7#/!9#!&,&1/#!$#,& $,&%($,)(7#/),"#.)*#&)*#+%&1),(&2,--5#3($, ),7#!&0,&1/#!$,&9(2#7#/.(&1#)*# 1%"%-!),7#$%"5#9,&$)(,&1-%0#!/!&9#(+/#!1*$ ,&%($,)7!-%#$)*!)!/#.(& !7#/!9#. !),7#.)*#&)*#1%"%-!),7#$%"(+)*#+ %&1),(&2,--5#9,&)(0#1/#!$#+ #&(%9*/#!1*#$/#0%1#)*#,/$,&%($,)(7#/),"#.)* #&)*#1%"%-!),7#$%"(+)*# +%&1),(&2,--/#)%/&)(D#/(!&0#7#&)%!--5#1("# !),7#!$)*#9-(5!-!7#/!9# 5#1("#$ !),7# ,9'>'0,$3-!$)*,$1%"%-!),7#$%"(+0#7,!),(& $+(/!--$,&%($,)7!-%#$ "#!$%/#0,&)*#!$1!9(%-!!$,&,&!-,9*)2#,9*)9 /!-,&#!&0!?>$!"3-#"(7,&9

PAGE 93

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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% )(++$,$"(/#)*!&#&(%9*)()%/&)*#

PAGE 94

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rr *,$$)%0*!$!))#"3)#0)(%$##"3,/,1!-0!)!#:!" ,&#*3()*#$#$(&)*# 1("3-#:,)(+"#!&0#/,&9/,7#/$#+,&0)*!))*#/# ,$!&(57,(%$$3!),!-1-%$)#/,&9(+ !--%7,!-1%)(++$,&)*#!$1!9(%-!!$,&.2*,1*,"3 -,#$$("#"#!$%/#(+$#-+ (/9!&,D!),(&2,)*,&)*#$$)#"#!-$(+,&0)*!)$ ,&%($,),$!1-#!/0/,7#/(+3-!&+(/" /,7#/1*!&&#-1*!&9#.3!/),1%-!/-!$,&*#/#&))*/# $*(-0$2,)*,&)*#$$)#"!/#/#!1*#0 !&01%)(++$0#7#-(3

PAGE 95

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n!1*!/##!1*"#1*!& ,$"$+(/!0H%$),&9)*#$,&%($,) 2,)*,&)*#$$)#".)*#/#51/#!),&9!$$)#")*!)( $1,--!)#$2,)*,&!$3#1,+,#0/!&9#.#) ,$$#-+>(/9!&,D#0.2,)*!&,&*#/#&))#&0#&1)("(7 #)(2!/0!&!))/!1)(/!&01/,),1!-,)

PAGE 96

AC ,9%/#'>1(&1#3)%!-"(0#-(+$,&%($,)1*!&9#$ +(/(&#/#!1*(7#/),"#;)*#$*!/3 0#1-,&#$/#3/#$#&)1*!&&#-!7%-$,(&!&01%)(++$.2* #/#!$)*#-(&93#/,(0$(+ ,&1/#!$#/#3/#$#&)1*!&&#-#:)#&$,(&7,!"#!&0#/#(&9!),(&

PAGE 97

AB !5-#'>%""!/(+1%)(++,&+(/"!),(&+(//#!1* $#9"#&)%$#0,&)*#$)%0 %)(++$ )/#!"$#9"#&) /!,&!9# !/#!E4"F #&9)* E4"F A8BN A?? A?AN A@ A@'N AA8 AACN ? ()!79R 4" #$)!--!*!-!/##4 ? 0 B &! @ *("3$(&/##4 C B@ B B' (%,#/##4 B@ '?8 &! A 4!)("!/##4 A8 8' &! C B 8 (9%#("(/##4 A 8?C &! ? 8 A #0/##4 8 C@ ? %14!)%&&!/##4 ?' ?BA &! 8 C n!$)!--!*!-!/##4 C@ BA? &! A 8 (2,#,7#/ 5 B C &! #!+!5(7#!--!*!-! /##4 A?# &! 8 8 A -!14/##4 A@ BC ? B *,14!$!2*!,7#/!5(7# %14!)%&&! 8# ?@@ &! ? C #!+!5(7#(2,#,7#/ @ 0 A &! 8 8 ,9-!14/##4 0 @A #!+!5(7#n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

PAGE 98

A@ ,9%/#'>!3(+$)%0!/#!.2,)*$)%0$)/#!"$! &0!--%7,!-1%)(++$0,$3-!#0

PAGE 99

AA ,9%/#'>'9/!3*,1!-1("3!/,$(&(+)*#1%"%-!),7 #3#/1#&)!9#(+!--%7,!-1%)(++$!&0 0/!,&!9#!/#!+(/)*#$)/#!"$#9"#&)$,&)*#$)%0

PAGE 100

,9%/#'>8*,$)(9/!"(+)*#+/#6%#&1(+!--%7,! -1%)(++$!1/($$)*#/!&9#(+0/!,&!9# !/#!$,&)*#$)%0;&()#)*!))*#0!)!!/#&()5,&& #0!)#6%!-,&)#/7!-$

PAGE 101

,9%/#'>?*,$)(9/!"(+)*#+/#6%#&1(+!--%7,! -1%)(++$!1/($$)*#/!&9#(+0/!,&!9# !/#!$,&)*#$)%0.2,)*)*#0!)!5,&�!)#6%!-, &)#/7!-$

PAGE 102

,9%/#'>C*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#) 2##&!--%7,!-1%)(++$!)1*!&,0)*$

PAGE 103

' ,9%/#'>B*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#) 2##&!--%7,!-1%)(++$!)?1*!&,0)*$

PAGE 104

8 ,9%/#'>@*,$)(9/!"(+$3!),!-!$$(1,!),(&$5#) 2##&!--%7,!-1%)(++$!)?1*!&,0)*$

PAGE 105

? ,9%/#'>A*,$)(9/!"(+)*#$3!),!-!$$(1,!),(&$ 5#)2##&!--%7,!-1%)(++$!)? 1*!&&#-2,0)*$(/(&#"#!&0#/2!7#-#&9)*,&1/#"#&)$

PAGE 106

C !5-#'>%""!/(+$,&%($,),&+(/"!),(&+(//#! 1*$#9"#&)$)/#!"$#9"#&)/!,&!9# !/#!E4"F !--# 0,$)!&1#E4"F r%"5#/(+$#9"#&)$ #!&$,&%($,) !/,!&1# A??NA?@ !--!*!-!/##4?C?AB?*("3$(&/##4CAABA'(%,#/##4B@C'@?4!)("!/##4A8CC?'C(9%#("(/##4A''?@A%14!)%&&!/##4?''8'8@8n!--!*!--!/##4C@C88??A'(2,#,7#/B?8A#!+!5(7#!--!*!-!A?8??-!14/##4A@?@88B@@*,14!$!2*!!5(7#%14!)%&&!8@88@8#!+,7#/!5(7#(2,#,7#/@B'C?8A#!+,7#/!5(7#n!--!*!-!8@C'8@'*,14!$!2*!,7#/BCAB@'8CC8#!+,7#/!5(7#*("3$(&BB@A?@A#!+,7#/AB@8CC!$1!9(%-!,7#/!5(7#-!14@.8?AC()!-!&07#/!9#E79FC88CC79 A@' !--!*!-!/##4?CC@8*("3$(&/##4CAAB(%,#/##4B@CCB8B4!)("!/##4A8CC8@?(9%#("(/##4A''8@8%14!)%&&!/##4?''8'8BC8n!--!*!--!/##4C@C8C'?@A(2,#,7#/B?'A#!+!5(7#!--!*!-!A?CB@-!14/##4A@?@?@BC*,14!$!2*!!5(7#%14!)%&&!8@88BB'@#!+,7#/!5(7#(2,#,7#/@B'C?@#!+,7#/!5(7#n!--!*!-!8@C'8B*,14!$!2*!,7#/BCAB@'8C8#!+,7#/!5(7#*("3$(&BB@A?AA#!+,7#/AB@8C'C!$1!9(%-!,7#/!5(7#-!14@.8??8()!-!&07#/!9#E79FC888'C'79

PAGE 107

B !5-#'>'%""!/(+$,&%($,),&+(/"!),(&+(//#! 1*$#9"#&)$)/#!"$#9"#&) /!,&!9# !/#!E4"F !--# 0,$)! &1# E4"F r%"5#/(+$#9"#&)$ #!&$,&%($,) !/,!&1# AAC !--!*!-!/##4?CC@'A*("3$(&/##4CAAA'(%,#/##4B@CC@@4!)("!/##4A8CC??A(9%#("(/##4A''?8C%14!)%&&!/##4?''8'8@?n!--!*!--!/##4C@C8C'CC(2,#,7#/B?C#!+!5(7#!--!*!-!A?BBA-!14/##4A@?@?@B8B*,14!$!2*!!5(7#%14!)%&&!8@88BA8#!+,7#/!5(7#(2,#,7#/@B'C?BA#!+,7#/!5(7#n!--!*!-!8@C'?8*,14!$!2*!,7#/BCAB@'8C?#!+,7#/!5(7#*("3$(&BB@A?AA#!+,7#/AB@8C8@!$1!9(%-!,7#/!5(7#-!14@.8???()!-!&07#/!9#C888'CB79 A??NAAC !--!*!-!/##4?C?N''*("3$(&/##4CAA(%,#/##4B@C'N'?4!)("!/##4A8CC'(9%#("(/##4A''N8%14!)%&&!/##4?''8'8n!--!*!--!/##4C@C88?8'(2,#,7#/B#!+!5(7#!--!*!-!A?8@-!14/##4A@?@88*,14!$!2*!!5(7#%14!)%&&!8@88N#!+,7#/!5(7#(2,#,7#/@B'C'#!+,7#/!5(7#n!--!*!-!8@C''*,14!$!2*!5#-(2%14!)%&&! BCAB@'8N?? #!+,7#/!5(7#*("3$(&BB@A#!+,7#/AB@8?!$1!9(%-!,7#/!5(7#-!14@.8N8'()!-!&07#/!9#C8879

PAGE 108

@ !5-#'>8--%7,!-1%)(++1-%$)#/$!&0$,&%($,)1 *!&9#$ %)(++1-%$)#/-(1!),(& /!,&!9# !/#!E4"F ,"#$3!& E#!/$F r%"5#/(+ 1%)(++$ ,&%($,)5#+(/# E3#/1#&),-#/!&4F ,&%($,)!+)#/ E3#/1#&),-#/!&4F ()!-1*!&9# *("3$(&/##4 8 N B?EC8F 8E'F N '8 4!)("!/##4 8? T 'A@EAAF ABEB?F N A (%,#/##4 ?? T 8 C'E?F 8A8E'AF N 'B 4!)("!/##4 C N @8ECAF @CEF N CA *("3$(&/##4 C T 8 ??@EACF E8F N '8C (9%#("( C? N' 8 @'EBF C?AE?8F N B' 4!)("!/##4 B? 'N8 ?BEACF ?BEBF N '8 4!)("!/##4 @ 8N? C?@E?8F 'B?E@F N @' #0/##4 8N? 'C@EA'F @@BEB8F N 8@ #!+!5(7#!--!*!-! 8 N' B'ECF @EF N ?8' %14!)%&&!/##4 ? 'N8 C ?BE@AF C?E?'F N ?C #!+!5(7#!--!*!-! @ T 8 @E@CF 8?E'F N C?@ *,14!$!2*!!5(7# %14!)%&&! N C @AEB?F ?CCE8BF N '? *,14!$!2*!,7#/ CA 'N8 ? @8EBF '?ECF N 8A !$1!9(%-!,7#/ @. 8N? '?CEAF AB8E@F N '@ 7#/!9# ACEB@F ?E8F

PAGE 109

A ,9%/#'>3-()(+),"#7#/$%$),"#G(&#$)#3 +/(")*#1(&1#3)%!-"(0#-(+/,7#/ $,&%($,),&)/(0%1#0,&,9'>

PAGE 110

,9%/#'>#!1*$,&%($,)$1!))#/3-()(+),"#7 #/$%$),"#G(&#$)#3,&)*# !$1!9(%-!,7#/!$,&

PAGE 111

,9%/#'>1!))#/3-()(+/#!1*$,&%($,)1*!&9# 7#/$%$,&,),!-/#!1*$,&%($,)

PAGE 112

,9%/#'>'%"(+0#7,!),(&$+/("D#/(1*!&9#3-( ))#02,)*$(/)#0,&,),!-/#!1* $,&%($,)

PAGE 113

' ,9%/#'>8,/$)0#/,7!),7#(+)*#$%"(+0#7,!), (&$+/("D#/(1*!&9#3-())#02,)*,&,),!/#!1*$,&%($,)

PAGE 114

8 n8 nrrn rr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n,&$#-# !&0,&0#/#/.AABF &)*#1!$#(+)*#-!4#$(&)*#+-((03-!,&$(+)*# /,7#/$2(/-02,0#.)*#-,+#),"#(+ )*#$#-!&0+(/"$,$+!/$*(/)#/)*!&)#1)(&,1-!4#$ (/#7#&-!4#$(+9-!1,!-(/,9,&*#,/ ),"#(&)*#-!&0$1!3#,$)*##6%,7!-#&)(+!9#(-(9 ,1##5-,&4*#5#9,&!$!--%7,!1%)(++$!&0-($#"%1*(+)*#,/(/,9,&!-7(-%"#,&) *#+,/$)0#1!0#!+)#/)*#,/+(/"!),(& #25%))*#-!/9#$)(:5(2-!4#$-!$)"(/#)*!&!1# &)%/(/)2(.5%))*#,/1("3-#)# /#"(7!-+/(")*#-!&0$1!3#,$1(&),&9#&)(&!&%"5# /(++!1)(/$*,$1*!3)#/#:3-(/#$ )*($#+!1)(/$5#:!",&,&9)*#!--%7,!-1%)(++$!&0 (:5(2-!4#$(+)*##!+!&0 *,14!$!2*!/,7#/$(+$(%)*#!$)#/&,$$,$$,33,.& ,)#0)!)#$ ,7#/"#!&0#/,&9,&0%1#$!--%7,!-1%)(++$.2*,1*-# !7#(:5(2-!4#$(&+-((03-!,&$ !/(%&0)*#2(/-0$/,7#/$"#!&0#/.)*#,&0%1#! 3/(9/#$$,7#,&1/#!$#,&1*!&&#$,&%($,)E((4#.AA?F),$)*,$)#&0#&1)(,&1 /#!$#,&$,&%($,))*!)#7#&)%!--

PAGE 115

? 3/("3)$"#!&0#/$)(#-(&9!)#!&0#7#&)%!--)(1%) (++*,$)#&0#&1+(/%&1(&+,� !--%7,!-$)/#!"$)(,&1/#!$#,&$,&%($,)%&),-!-%7,!-1%)(++$(11%/,$2#--#$)!5-,$*#0 %-),3-#+(/"$(+1%)(++$*!7#5##&1!)#9(/,D#0!&0 0#$1/,5#0#2,$!&0#2,& E!$1,)#0,&((4#.AA?F+(%&0+,7#)3#$(+1%)(+ +$,&8$)/#!"$,&!-#$*#$#2#/# 0,7,0#05)*#-(1!),(&(&)*#"#!&0#/!$2#--!$" (/3*(-(9,1!-!&0$#0,"#&)(-(9,1!1*!/!1)#/,$),1$)*#/$)%0,#$*!7#!-$(1!)#9(/,D# 0"#!&0#/1%)(++$n/$4,&##)!EAAF1,)#0+(%/)3#$(+"#!&0#/1%)(++$,&!&!/ ),1-#(&%$)/!-,!&/,7#/$*# "#&),(�!&01*%)#1%)(++$!$0#+,--# &EAC?F."(5,-#5!/1%)(++$+/(" #2,$!&0#2,&=$2(/4.!&05#&0+-!))#&,&9+/("! ))*#$EA8BF r#14!&01*%)#1%)(++$!/#)*#/#$%-)(+)*#/,7#/ +,&0,&9!"(/#0,/#1)/(%)#0(2& 7!--#$"#!&0#/,&93/(9/#$$#$.)*#0,$)!&1#)/!7 #-#05)*#/,7#/!/(%&0)*#5#&0 -(2#/$)*#-(1!-9/!0,#&)$%5$)!&),!--.1/#!),&9( 33(/)%&,),#$+(/"(/#0,/#1)!&0$)##3#/ 9/!0,#&)3!)*2!$)(1!3)%/#)*#/,7#/!&00,/#1), )$+-(2!-(&9!(%/$#r#14 1%)(++$(11%/2*#&!*!&&#-,$1%)!1/($$)*# &!//(2(+!&#-(&9!)#0 "#!&0#/ n/$4,&##)!-EAAF0#$1/,5#$2*#&!1%)(++(11%/ $#0-(!0$#0,"#&)$,&)*# /,7#/1*!&&#-3-%9)*#,""#0,!)##&0$(+)*#!5!&0( *!&&#-.1/#!),&9!&,$(-!)#0 1%)(++(/(:5(2-!4#&1#)*,$(11%/$.7#/-,))-# ,&+,--(11%/$+/("5#0-(!0$#0,"#&)$. !&0)*#5%-4(+$#0,"#&)!),(&,$7,!+,&#$#0,"#&)$ 0#-,7#/#00%/,&9#3,$(0#$(+ (7#/5!&4+-((0,&9 --#&EAC?F!-$(0#$1/,5#$)*#3/(1#$$#$)*!)(3#/ !)#!+)#/!$)/#!"!7%-$,(& *#&)*#$)/#!"!5!&0(&$!$#1),(&(+,)$1*!&&#-. )*#+(/"#/1*!&&#-,$#7#&)%!-$#3!/!)#0+/(")*#*!&&#-5)*#0#3($,),(&(+ 5#0-(!0"!)#/,!-$!))*##&0$(+

PAGE 116

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%)(++$*!7# !)#&0#&1)((11%/,&)*#-(2#/3(/),(&(+)*#5!$ ,&2*#/#-(2#/9/!0,#&)$3/#7!,-#0. 2*#/#!$1*%)#1%)(++$$##"#0)((11%/,&$)##3#/!/ #!$*%)#1%)(++$*!33#&,&! $,",-!/"!&&#/)(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

PAGE 117

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%)(++.!&0 1(--#1),7#-.)*#/#0%1#0)*#$,&%($,))(85 .-#!7,&9!$%5$)!&),!--#&9)*(+ !5!&0(*!&&#-,&1#)*!)),"#.)*#/#!1*!33#! /$)(5#$)!5-#!&0-!/9#%&1*!&9#0.5%))*#1%)(++$*!7#+,--#0,&!&0!/#& ()(:5(2-!4#$ nn$nrr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

PAGE 118

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

PAGE 119

A $)%0(+$#0,"#&)!),(&,&(:5(2-!4#$,$-!/9#-! $)%0(+)*#,&+,--,&9(+)*#-!4#5+,&# (7#/5!&4$#0,"#&)$ (/4$5n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r#2%,&#!(2 -!&0%),-,D#$(3),1!--$),"%-!)#0 -%",&#$1#&1#)(0#)#/",&#)*#0#3($,),(&!-!9#$(+ 3/(9/!0,&90#-)!$!))*#5!))%/# ,&+-(2)((:5(2-!4#$0#)#/",&,&9)*#/!)#(+! 07!&1#(+)*#$#5!))%/#,&)()*#-!4#. ,),$3($$,5-#)(#$),"!)#*(2-(&9,)2,--)!4#+( /)*#$#1*!&&#-$)(0#-,7#/#&(%9* $#0,"#&))(1("3-#)#-+,--)*#-!4#$

PAGE 120

r$rn *#&(),(&(+1("3-#)#-+,--,&9)*#7(-%"#(+-!4# 2,)*$#0,"#&)$3!/4$$("# ,&)#/#$),&96%#$),(&$!5(%))*#-(&9#7,)(+)*#$# -!&0+(/"$(&)*#-!&0$1!3##1!%$# )*#+-((03-!,&#&7,/(&"#&),$3()#&),!--!$#0,"#& )>/,1*#&7,/(&"#&).2#1!&#:3#1) )*!)!+-((03-!,&-!4#2,--#:3,/#-(&95#+(/#!&% 3-!&0-!4#(+$,",-!/7(-%"#*#/#!/# (57,(%$-",),9!),&91,/1%"$)!&1#$)()*,$!$$%"3), (&.!&0)*,$$)%02,--!00/#$$!+#2 *#-,)#/!)%/#*!$!+#2#:!"3-#$(+)*,$3#/$3#1), 7#(&-!4#$!&0"(/#$3#1,+,1!-/#$#/7(,/$n,&$#-#!&0,&0#/#/EAABF#:!",�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n,&$#-#EF!-$(0,0/#$#!/1*(&-! 4#$#0,"#&)!),(&/!)#$!$! +%&1),(&(+0#&%0!),(&/!)#$(7#/!&#&),/#5!$,& *#,/!&!-$,$,$9#("(/3*,1,&,)$ +(1%$5#,&9)*##/($,(&/!)#,&)*#5!$,&)2!$! -$(9-(5!-,&,)$$1(3#.#:!",&,&9-!4#$ ,&!7!/,#)(+$#)),&9$.,&1-%0,&93#/,!-3,&#-!4# $,&n%/(3#!&0/,),$*(-%"5,!. !&!0!.$!7!&&!-!4#$,&n!$)+/,1!.!&03!$)-!4# $,&)*#!/,05!$,&$(+r#7!0!!&0 )!*.&,)#0)!)#$&!--1!$#$.)*#/#1(9&,D#) *#3#/$,$)#&1#(+)*#-!&0+(/"$!$! +%&1),(&(+,&,),!-7(-%"#!&0$%//(%&0,&91(&0,),( &$(%/1#$(+$#0,"#&)$1!&,&1-%0#

PAGE 121

5()**%"!&!1),7,),#$!&0&!)%/!-3/(1#$$#$.2,)*) *#-!4#$+%&1),(&,&9!-"($)!$! 1-($#0$$)#"2,)*$%5$)!&),!-,&+-(2$(+$#0,"#&) #)",&(/)(&(&#:,$)#&)!7#&%#$+(/ (%)+-(2(/#:3(/),7#&)*,$+!1)(/.,),$!9!,&/ #!0,-!33!/#&))*!)!--5!$,&$!/# $#0,"#&)$,&4$!&0)*!)-!4#$!/#+/(")*#,/,&1#3) ,(&!0,&9-!&0+(/" nrnr nnrnn) !r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n&)#/3/,$#.,$$,$$,33,. )(,)$1(&+-%#&1#2,)*)*##!+,7#/!)#//,-$)*#*,14!$!2*!+-(2$$(%)*2!/0+(/ /(%9*-C4".,)-#!7#$)*#-!14#-).2*#/#)*# 9#(-(9,$3/#0(",&!)#-)*# !14$(&/(%3-!$(+n(1#&#!9#.5#+(/##&)#/,&9 )*#*,14!$!2*!,"#$)(&#&

PAGE 122

9#&#/!-.)*#9#(-(95#&#!)*)*#*,14!$!2*!,$+! /"(/#/#$,$)!&).-#!7,&9! $%5$)!&),!-3(/),(&(+)*#%33#/*,14!$!2*!,&1,$ #0,&)(&!//(27!--#$/#-!),7#)()*# #!+,7#/(2#7#/.)*#-(2#/84"(+)*#*,14!$ !2*!5#-(2#!4#$7,--#. ,$$,$$,33,.,$%&1(&+,�!&0"#!&0#/$!1/($$!-! /9#+-((03-!,& *#-!&01(7#/,&)*#5!$,&,$3/#0(",&!)#-+(/#$) .2,)*!9/,1%-)%/#5#,&9$-,9*)"(/#3/#7!-#&),&)*#&(/)*#/&3(/),(&(+)*#5!$,& !&0+(/#$)(/$,-7!1%-)%/#5#,&9"(/# 3/#7!-#&),&)*#",00-#!&0-(2#/3(/),(&$(+)*#5 !$,&()*/,7#/+-((03-!,&$!/# +(/#$)#02,)*5())("-!&0*!/02((0$,&1-%0,&9$2##) 9%". n! $2##)5!. nn! /#0"!3-#. 5-!142,--(2. !&05!-0 13/#$$. nr" *#1-,"!)#,&)*#$)%0!/#!,$*%",0$%5)/(3,1!-. 2,)**()$%""#/$!&01((2,&)#/$*#"#!&)#"3#/!)%/#+(/?#!/$(+/#1( /0,$/(%9*-S.!&0!&&%!/!,&+!--,$!33/(:,"!)#-81".2,)*!+!,/-#7# &$3/#!0)*/(%9*(%))*##!/E /"(/3$(+n&9,&##/$.A@'F*#"!,&/!,&+!-->" !4,&9"#1*!&,$"$,&)*#/#9,(& !/#2,&)#/!&0$3/,&9+/(&)$.$%""#/)*%&0#/$)(/"$. !&0)/(3,1!-$)(/"$+)*#$# "#1*!&,$"$.(&-2,&)#/!&0$3/,&9+/(&)$3/(0%1#$ #/,(%$+-((0,&9.2,)*)*#-!/9#$) +-((0$(11%//,&93/#0(",&!)#-,&3/,-(nn nn *#0#)!,-#0+,#-03(/),(&(+)*,$$)%0(11%/#0(& (&#$3#1,+,1/#!1*(+$)/#!" -#$$)*!&?4"$(%)*(+!)),#$5%/9.,$$,$$,33, *,$/#!1*(+)*##!+,7#/,$ !33/(:,"!)#-?4"-(&92,)*!0&!",11*!&&#-(&! &!1),7#+-((03-!,&&)*#$)%0 /#!1*.+(%/"#!&0#/1%)(++$*!7#(11%//#0.#!1*/#$ %-),&9,&!&(:5(2-!4#*,$ 1-%$)#/(+!--%7,!-1%)(++$2!$1/#!)#0(7#//(%9*?#!/$.2,)*)*#+,/$)(11%//,&9,&

PAGE 123

' )*##!/-A$!&0)*#-!$)(11%//,&95#)2##&A?? !&0AC*#+(%/-!4#$7!/,& !9#!&0,&)*#,/#:3($%/#)(!&%"5#/(+-(1!--!&0 %$#$,&)*#!/#! *#%33#/"($)(+)*#+(%/-!4#$,$-0/,1*!4#) $+(/"!),(&3/#0!)#$!,/3*()($ !&0!7!,-!5-#"!3$+(/)*#!/#!.5%)5()!&,1!-#7,0 #&1#+/("5!-013/#$$ nr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�-!&0(2#7#/.)*#-!&0(2&#/5#9!&#:)/!1),&9 9/!7#-/(%9*-'#!/$!9(!&0 1(&),&%#0+(/)*#&#:))2(0#1!0#$5#+(/#1%/)!,-,& 9(3#/!),(&$,&)*#,""#0,!)#7,1,&,) (+)*#-!4#*#",&,&9,&)*#!/#!*!$*!0!&(),1 #!5-##++#1)(&)*#-!4#,&)*!))*# 9/!7#-2!$/#"(7#0+/(")*#3(,&)5!/(+)*#1%)(++ "#!&0#/.!&0!+)#/2!/0)*,$!/#! 2!$%$#0)($)(/#)*#$!&0$3(,-$+/(")*#$%//(%&0 ,&9!/#! !/)*#/0(2&$)/#!"!&0(&)*#(33($,)#5!&4,$#09 #2(/)*!4#*,$-!4#,$ #$),"!)#0)(*!7#+(/"#05#)2##&AC!&0A8.5%) ,),$1#/)!,&)*!),)+(/"#0!+)#/ 2#&$-%++!4#*#-!4#,$3/,7!)#-(2�!))* #"("#&)5%)%$#0)(5#!3(3%-!/ +,$*,&9!/#!+(/)*#-(1!-1(""%&,)),$%&,6%# !"(&9)*#+(%/-!4#$,&)*#$)%0,& )*!),$*!$!$"!--1/##4+-(2,&9,&)(,)7#/)*# 3!$)B#!/$.$#0,"#&)+/(")*,$1/##4 1/#!)#0!5!/)*!),$&(2+(/#$)#0!&01("3-#)#-$ #3!/!)#$)*#(:5(2,&)()2(

PAGE 124

8 #09#2(/)*!4#&(2$%++#/$5!0-+/("!*!&0+%-(+ ,&7!$,7##:(),12!)#/3-!&)$. ,&1-%0,&9(&#(+)*#+,/$)/#1(/0#0(%)5/#!4$(+9, !&)$!-7,&,!. n .,& ,$$,$$,33, *#+,&!--!4#,&)*#$)%0,$,"$!4#*,$-!4# ,$-(1!)#0+!/)*#$)0(2&$)/#!" !&0+(/"#0-!$)(+)*#+(%/-!4#$,&)*#$)%0) 2!$+(/"#05#)2##&)*#A8!&0A?? $#)$(+!#/,!-3*()(9/!3*$."($)-,4#-,&)*##!/,#/3(/),(&(+)*,$),"#3#/,(0*#-!4# ,$1("3-#)#-1(&)!,�,&!3/,7!)#-(2-()( +-!&02,)*$%//(%&0,&9+(/#$)5#,&9 -!/9#-%&0,$)%/5#0*#-!4#,$%$#0+(//#1/#!),( &.!&0)*#-!&0(2&#/*!$"!0#$("# "(0,+,1!),(&$.3!/),!--0/#09,&9)*#$*!--(2.3(,& )5!/$,0#(+)*#-!4#,&)*#A@$!&0 1(&$)/%1),&9!1(&1/#)#$,--!))*#(%)+-(2(+)*# -!4#./!,$,&9)*#-!4#$%/+!1#&#!/-! "#)#/ nrn nnr)n$nnrn *,$$)%0%$#$)2($(%/1#$(+3-!&+(/","!9#/)( !$$#$$1*!&9#$,&)*#-!4#$ (&)*#+-((03-!,&(7#/)*#$3!&(+?#!/$*#+, /$)$#)(+,"!9#/,$)*# #3!/)"#&)(+9/,1%-)%/#=$!/"#/7,1#9#&1E F!#/,!-3*()(9/!3*3/(9/!" *#$#2#/#3*()(9/!3*#05#)2##&A??!&0A?@.2,)* )*#3*()($+(/)*##!+,7#/ 5#,&91!3)%/#0,&A??!&0)*#3*()($(+)*#*,14! $!2*!,7#/5#,&91!3)%/#0,& A?@*#$#3*()($!/#5-!14!&02*,)#!&0!)!< .$1!-#*#$#1(&0$(%/1#(+ 3-!&+(/","!9#/,$)*#?r!),(&!-9/,1%-)%/# "!9#//(9/!"ErFr ,"!9#$!/#&!)%/!-1(-(/2,)*5!&0$(+/#0.9/##&. !&05-%#,/1/!+)1(--#1)#0)*#$# ,"!9#$,&%-?2,)*!>"9/(%&0/#$(-%),(&3# /3,:#*#3*()($2#/#0,9,)!--$1!&�$(!$)(3/#$ #/7#!>"9/(%&01#-/#$(-%),(&*#$1!&*()($2#/#1/(33#0)(/#"( 7#5(/0#/$!&0)*#&

PAGE 125

? 9#(/#9,$)#/#0)(!5!$#-!#/"($!,1(+0,9,)!-(/) *(6%!/)#/6%!0$E$F!)! <8.$1!-#*#5!$#-!#/6%!0/!&9-#$*!7#!r !),(&!-!311%/!1)!&0!/0 ErF)*!)/#6%,/#$)*!)&()"(/#)*!&I(+$#", >,&7!/,!&)+#!)%/#$(&)*#(/,9,&!#(-(9,1!-%/7#EF)(3(9/!3*,1"!35#9/ #!)#/)*!&@?""ER')*(+!& ,&1*F+/(",)$/#!->2(/-0"!33($,),(&!)$1!-#$-! /9#/)*!&<.*,$*(/,D(&)!!11%/!1,$"!,&)!,�,&)*#$.$()*##:3#1)# 0!11%/!1(+)*#$1!&� 3*()($,$JA"!)<8.n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r,"!9#/,$!%)("!),1!--/#+#/#&1#00,/#1) -)()*#$5#+(/#,),$ "!0#!7!,-!5-#)()*#3%5-,1*#$3!),!-/#$(-%),( &(+)*#,"!9#/,$-,$)#0!$".!&0 )*#9(7#/&"#&)1(&)/!1)$3#1,+,#$)*!))*#*(/,D(&) !-!11%/!1+(/3*()(,0#&),+,!5-# 9/(%&01(&)/(-3(,&)$,$C"!)!A?I1(&+,0#&1#-# 7#-()*)*#!#/,!-$!&0r ,"!9#/!/#/#+#/#&1#0)(!-!#/)*!)%),-,D# $)*#5!$#1((/0,&!)#$$)#"+/(" )*#,$$,$$,33,)!)#)/!&$7#/$#"#/1!)(/EF3/ (H#1),(&*#,$!1%$)(" 3/(H#1),(&%$#05#1!%$#,$$,$$,33,$,)$!$)/,0 #)*#5(%&0!/5#)2##&

PAGE 126

C D(&#$?!&0C*#%$#$)*#r(/)*"#/,1!& !)%"(+A@'Er@'F!&0 *!$,)$1#&)/!-"#/,0,!&!)@AB?S-(&9,)%0# &1#)*#)2($#)$(+3-!&+(/","!9#/2#/#3/#3!/#0 +(/)*##!+!&0 *,14!$!2*!/,7#/$.)*#2#/#3-!1#0,&!#(9/!3* ,1&+(/"!),(&$)#"EF$( )*!))*#(:5(2-!4#$(&)*#+-((03-!,&1(%-05#0,9 ,),D#0*#$1/##&/#$(-%),(&+(/ 0,9,),D,&92!$+,:#0!)!<$1!-#.!&0#!1*-! 4#$*(/#-,!$0,9,),D#0!$!$,&9-# 3(-9(&)(1/#!)#!7#1)(/-!#/(+-!4#-(1!),(&$ (&)*#+-((03-!,&,&A??(/A?@!&0 ?n!1*3(-9(&2!$9,7#&!%&,6%#,0#&),+,#/.5 %)3(-9(&$(+-!4#$,&)*#A?$ 2#/#2*##/3($$,5-#-,&4#0)()*#3(-9(&$(+)* #$!"#-!4#,&?.!--(2,&9)*# !/#!!&03#/,"#)#/(+#!1*-!4#)(5#1("3!/#0(7#/ )*#$3!&(+!33/(:,"!)#-? #!/$ n(nrrr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

PAGE 127

B )*#!$)*#0#3)*)(5())("*#-(1!),(&$+(/) *#"#!$%/#"#&)$,&#!1*-!4#2#/# !//!&9#0,&)/!&$#1)$(/1/($$$#1),(&$!1/($$)*# +(/"#//,7#/1*!&&#-n!1*)/!&$#1) )3,1!--1(&)!,�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

PAGE 128

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

PAGE 129

A 0/,7#$1!3)%/#01("3-#)#1(/#$2,)*$!&0!&09/!7#/,7#/5#0$#0,"#&)$"!/4,&9)*# 5())("(+#!1*1(/#!&0/#3/#$#&),&9)*#5#9,&&,&9$ (+-!4#$#0,"#&)0#3($,),(&*#/# 2#/#!,/9!3$,&)*#)%5#(&$("#(+)*#-(&9#/1(/ #$.5%))*#$#9!3$2#/#&()! 0,$)%/5!&1#)()*#,&)#9/,)(+)*#1(/#5#1!%$#2# ,""#0,!)#-)((4)*#1!3)%/#01(/# )()*#$*(/#+(/#:)/%$,(&.!&0!--9!3$2#/#/#1(& )#00%/,&9)*##:)/%0,&93/(1#$$ *#-(&9#$)1(/#2!$8",&-#&9)*.!&0!--#,9*) 1(/#$2#/#(7#/"-(&9 &1#!1("3-#)#1(/#2!$1(--#1)#0.,)2!$5/(%9*) )()*#$%/+!1#.)*#5())("2!$ 1!33#0.!&0)*#7!1%%"2!$/#-#!$#0(&)*#3,$)(&$ ()*!),)1(%-05#/#"(7#0!&0 3/#3!/#0+(/)*#$#1(&01(/#n!1*1(/#2!$$)(/#0 %3/,9*)(&)*#>+/!"#(+)*# 3(&)((&2*,-#,)2!$5/(%9*))($*(/#.!&0!$,)#2 !$3/#3!/#0+(/#:)/%0,&9 *#$#0,"#&)1(/#$2#/##:)/%0#07#/),1!--,&)*# +,#-0,&)(!)/!$(!$)( "!,&)!,&)*#,&)#9/,)(+)*#$(+)*(/,D(&)!--!#/ $!))*#"%0>2!)#/,&)#/+!1#*,$2!$ !11("3-,$*#05,&$#/),&9!&#:)/%0,&9/(0!&0$)(3 3#/,&)()*#5())("(+)*#1(/#)%5# *#&#:)/%0,&9!1(/#.)*#/(0,$3%$*#0%32!/0!) 1(&)/(--#0,&1/#"#&)$%&),-)*# $#0,"#&)1(/##:,)$)*#)(3(+)*#1(/#)%5#!&0+! --$,&)(!&#:)/%0,&9)/!n!1*1(/# 2!$1(--#1)#0!)8>1",&1/#"#&)$!&03-!1#0,&)(-! 5#-#03-!$),1$!"3-#5())-#$)*!) 2#/#3-!1#0,&!1((-#/%&),-)*#1(%-05#/#+/,9# /!)#0(&/#)%/&+/(")*#+,#-0 ))*##&0(+)*#+,#-0$#!$(&.)*#1(/#$2#/#)/!& $3(/)#0+/(",$$,$$,33,)( -(/,0!.2*#/#)*#2#/#"(7#0+/("$!"3-#5())-#$ )(!-%",&%")/!$!&02#,9*#0 2*,-#2#)*#2#/#)*#&0/,#0,&!0/,&9(7#&+( /C*(%/$!)AS+)#/1((-,&9.)*# $!"3-#$2#/#2#,9*#00/!&0)*#&3-!1#0,&!"%++#+%/&!1#2*#/#)*#2#/#1((4#0 !)??S+(/C*(%/$+)#/1((-,&9.)*#2#/#2#,9 *#0!9!,&)(1!-1%-!)#)*#-($$(&

PAGE 130

' ,9&,),(&EF+(/#!1*$!"3-#,&!--.#!1*$!"3#2!$9/(%&0,&!"(/)!/2,)*! 3#$)-#5#+(/#5#,&93-!1#0,&!5/!$$$,#7#$#) *#$,#7#$#)1("3/,$#0!VE$,D#F$,#7#!&0 !V'$,#7#&)#/"#0,!)# EV@.V'?.VC.!&0VF$,D#0$,#7#$2#/#%$#0)( 3/()#1))*#V'$,#7#.5%)!-,&)#/"#0,!)#$,#7#"!)#/,!-2!$1("5,�!$)*#$!& 01("3(&#&)(+)*#$!"3-#!+)#/ $,#7,&9n!1*$!"3-#2!$3-!1#0,&!$,#7#$* !4#/+(/",&+)#/2!/0.)*# $,#7#$2#/#2#,9*#0!&0)*#)!/#2#,9*)(+#!1*$,# 7#2!$/#"(7#0)(3/(7,0#)*# 2#,9*)(+)*#3(/),(&(+)*#$!"3-#,&#!1*$,#7# *#$#$,#7#2#,9*)$2#/#)*#& 1("3,-#0,&)(9/!7#-.$!&0.!&0+,("3(&#&)$ #!-$(1(--#1)#05()!&,1!-#7,0#&1#)(!,0,&)*# 0!),&9(+)*#+(%/-!4#$*# 1*,#+5()!&,1!-#7,0#&1#,$,&)*#+(/"(+5!-013 /#$$ nr )/##1(/#$ !/3#/EAF%$#0)/##$)(0#)#/",&#)*#!9#(+(: 5(2-!4#$,&!$)%0!-$(-(1!)#0 (&)*#$(%)*#!$)#/&1(!$)!-3-!,&#%$#0)/##1(/ #$+/(")*#(-0#$)5!-013/#$$ nr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

PAGE 131

' 0#3($,)$)*!)$#3!/!)##!1*-!4#+/(")*#/,7#/* #(-0#$)5!-013/#$$+(%&0(&)*# 0#3($,)$!)2#&$-%++!4#2!$A#!/$(-0.!&0) *#"#!&(+)*#$)!&02!$C@#!/$ (-0*#$#0!)!$%99#$))*!))*!)2#&$-%++2!$$ #3!/!)#0+/(")*#/,7#/!/(%&0 ABJ#!/$*#(-0#$)5!-013/#$$(&)*#0#3 ($,)$!)-0/,1*!4#2!$?#!/$ (-0!&0)*#"#!&(+)*#$)!&02!$C#!/$.,#-0 ,&9!0!)#(+(/,9,&(+AJ #!/$ r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n!$nr *#-!4#5!)*"#)/0!)!)*!)2#/#$)(/#0,&! %&,)2#/#-!)#/%3-(!0#0,&)( !!$3(,&)0!)!7#1)(/+,-#$,&)*#3/(H#1 ),(&/(")*#/#.)*#-(1!),(&$ 2#/#1("3!/#0)(!3(-9(&7#1)(/+,-#2,)*-!4#$* (/#-,&#$

PAGE 132

' *#3(,&)0!)!,&)*#7#1)(/+,-#2#/#/#1(/0#02,) *)*#-(1!),(&.)*#0#3)*)( $#0,"#&),&1#&),"#)#/$.!&0)*#0#3)*)()*#/,7#/ 5())(",&1#&),"#)#/$*#$#0#3)* 7!-%#$2#/#1(&7#/)#0)( !),7#7!-%#$$()*!))* #/#3/#$#&)#0)*##-#7!),(&/#-!),7# )()*#$%/+!1#(+)*#-!4#n!1*3(,&)2!$1(&)# 0)(&#!/53(,&)$2,)*7#/),1#$. 1/#!),&9!$#/,#$(+)/,!&9-#$,&!1(!/$#-)/,!&9 %-!)#0,//#9%-!/&#)2(/4ErF0#!--. )*#&%"5#/(+3(,&)$1(--#1)#0,&)*#+,#-02(%-05 #$%++,1,#&))(1!3)%/#!--)*#7!/,!5,-,) (&)*#5())("(+)*#(:5(2-!4#%)2,)*-,",)#0) ,"#,&)*#+,#-0.)*#-!4#$2#/# $!"3-#0$$)#"!),1!--!&0,&!/(%9*+!$*,(&.-#!7 ,&9)*#/#$%-),&91(!/$#r$ 2,)*(%)$%++,1,#&)0#)!,-!&02,)*$("#!/#!$2,)*( %)$%++,1,#&)0!)!$$%1*.)*# $%//(%&0,&9$*(/#-,!$%$#0!$!D#/(>#-#7!),(& 5(%&0!/2*,-#)*##:,$),&9 5!)*"#)/3(,&)$2#/#!%9"#&)#07,!)*#+(--(2,&9 3/(1#$$ n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r)*!)1(&)!,�#&(%9*,&+(/"!),(&) (1/#!)#!+,&#/#3/#$#&)!),(&(+)*# 5!)*"#)/!&0$#0,"#&)$%/+!1#2,)*,&)*#-!4#* ,$+,&#r2!$)*#&1(&7#/)#0+/("

PAGE 133

'' !7#1)(/+,-#,&)(!/!$)#/+,-#2,)*!"!)/,:(+ >"1#--$2,)*7!-%#$+(/#!1*1#--*,$ /!$)#/+,-#.(/.,$!/#1)!&9%-!/!//!2,)*! --1#--$-(1!)#0(%)$,0#)*#-!4#2,)*! 7!-%#(+&(0!)!*#1#--$2,)*,&)*#-!4#5(%&0!/ (/$*(/#-,(&)!,&!7!-%#5!$#0 (&)*#,&+(/"!),(&,&)*#+,&#r)*!)2!$%-),"!) #-0#/,7#0+/(")*#(/,9,&!-+,#-00!)! *#1(&7#/$,(&)(!+,-#!--(2$!&%"5#/(+"! )*#"!),1!-1("3%)!),(&$*# +,#-00!)!+(/0#3)*)(/,7#/5())("!&00#3)*)() *#-!4#$#0,"#&)1!&5#%$#0)( 1!-1%-!)#)*#0#3)*(+$#0,"#&)!)#!1*-(1!),(& /(")*,$.!$%""!),(&(+!--)*#1#--$ ,&)*#-!4#1!&5#%$#0)(1!-1%-!)#)*#7(-%"#(+ -!4#)(/,7#/5())(".)*#7(-%"#(+ -!4#)(1%//#&)5())(".!&0)*#7(-%"#(+)*#$#0," #&)$1(&)!,,)*,&)*#-!4# 1%//#&)-*#$#7(-%"#"#!$%/#$1!&5#!33-,#0)( )*#!/#!7!-%#$+(/)*#)( 1/#!)#!"#!&0#3)*."#!&0#3)*(+$#0,"#&)$.!&0" #!&0#3)*)(/,7#/5())(",&#!1* -!4# nr(r rn n!1*(:5(2-!4#5#9,&$2,)*!&!--%7,!-1%)(++*# $#1%)(++$-#!7#"!/4$(&)*# +-((03-!,&!&01!&#,)*#/5#)#//#$)/,!-(/-!1%$)/ ,&#*,$$)%0#:!",�)*#-!1%$)/,&# /#"&!&)$(+!--%7,!-1%)(++$(&)2(/,7#/$(+)*# !$1!9(%-!!$,&(+$(%)*#!$)#/& ,$$,$$,33,n!1*(+)*#)2(/,7#/$1!&5#+%/)*#/ $%50,7,0#050/!,&!9#!/#!,&)(!& %33#/!&0-(2#/0,7,$,(&E!5-#8>F *!)2#+,&0,$)*!))*#)()!-&%"5#/(+-!4#$$,&1 #)*#A?$*!$,&1/#!$#0& )*#A??!,/3*()($.)*#)2(/,7#/$)*!)2#/##:!", �*!0A,0#&),+,!5-#(3#&>2!)#/ (:5(2-!4#$(7#/!1*!&&#--#&9)*(+?4"*,$ #6%!)#$)(/(%9*-1%)(++$ 4"N(/!33/(:,"!)#-1%)(++#7#/8?4"&?.) *#&%"5#/(+1%)(++$*!0 ,&1/#!$#0)('8.2*,1*#6%!)#$)(B1%)(++$4"N(/!33/(:,"!)#-1%)(+++(/#7#/

PAGE 134

'8 'C4"(+$)/#!",7#&)*#$#7!-%#$.2#1!&$)!)# )*!))*#/!)#(+(:5(2-!4#1/#!),(& (7#/)*#3!$)?#!/$#:1##0$)*#/!)#(+-!4#/#" (7!-(/0#$)/%1),(& (2#7#/.)*#)/#&0)*!),$#7,0#&)2*#&-((4,&9!) )*##&),/#)(+)*#$)%0!/#!,$ &()3/#$#&),&!--)*#$%50,7,$,(&$*#33#/*,1 4!$!2*!,$?@@4"-(&95#9,&&,&9 !))*#H%&1),(&(+4!),55##/##4!&0*%&4/##4 !5(7#n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� 5)*#*,14!$!2*!,"#$)(&#

PAGE 135

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�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

PAGE 136

'C )*##5/%!/A?@!,/3*()($,&1#)*!)),"#." (/#-!4#$*!7#5##&1/#!)#0!&0 (&-!$,&9-#-!4#/#"(7#0+/(")*#-!&0$1!3#2*#& )*#/,7#//#(11%3,#0)*#+(/"#/ 1%)(++n$nr(n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

PAGE 137

'B $,)%!)#0)*!&!&(+)*#()*#/$)/#!"9!%9#$(&)*# *,14!$!2*!,7#/n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�/,7#/.1/#!),&9!7#/0##3 1*!&&#-2*#/#$)!9#1*!&9#$/!3,0-2,)*0,$1*!/9# )!)),#$5%/9.)*#$)!9#(+)*#/,7#/+(/!. A??.2!$C"*,$,$6%,)# 1-($#)()*#$)!9#+(/1)(5#/'.AC.!&0+(/)* #r,"!9#//#1(/0#00%/,&9)*# )/!0,),(&!--0/!&0-(2>+-(2"(&)*(+%-&% -?.)*#!)),#$5%/99!%9# /#1(/0#0!$)!9#(+@"."!4,&91("3!/,$(&$,&"( $)(+)*#33#/#!+,7#/6%,)# 1-($#,&)#/"$(+$)!9#(2#7#/.)*#!,/3*()( $+/("#5/%!/A?@!&0 #1#"5#/A?A2#/#+-(2&%&0#/"!/4#0-0,++#/#&)* 0/(-(9,1!-1(&0,),(&$,&)#/,$ )/!0,),(&!--!2#)$#!$(&,&)*#!$1!9(%-!!$,&. $(/,7#/$!/#9#&#/!--"%1**,9*#/ )*!&,&%-)!)),#$5%/9.)*#!7#/!9#$)!9#+(/ #5/%!/.A?@.2!$'".!&0,) 2!$!)",#"5#/A?Ar#,)*#/,$(7#/5!&4 +%-$)!9#.5%))*#0!)!$%99#$))*!)

PAGE 138

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n7#&2,)*$)!9#!&00,$1*!/9#,& +(/"!),(&+(/)*#)2(9!%9#$,)#$. )*#$#-(1!),(&$"!&()5##&),/#-/#3/#$#&)!),7# (+)*#-!/9#/$)%0!/#!%/)*#/"(/#. -!&0%$#1*!&9#$!&0)*#,/9#("(/3*,1,"3!1)$"!# :#/1,$#!$)/(&9,&+-%#&1#(7#/ )*#+-((03-!,&!&0,)$(:5(2-!4#$*!3)#/(+)* ,$0,$$#/)!),(&,$+(1%$#0#:1-%$,7#(&!-!/9#/#!1*(+$)/#!")*!)*!$%&0#/9(*!&& #-0#9/!0!),(&$,&1#)*#A?$. -#!7,&9,)$(:5(2-!4#$(&!+-((03-!,&)*!)/#6%,/ #$*,9*#/!&0*,9*#/$)!9#$5#+(/# ,&%&0!),(&nnnn$n n7#&2,)*)*#$#0,++,1%-),#$,&1("3!/,&9(:5(2-!4 #$(7#/$%1*!-#&9)*),"# $3!&.2#1!&/#1(9&,D#!&%"5#/(+3/#7!-#&))/#&0$ *#+,/$),$)*!)(:5(2-!4#$*!7# (&!7#/!9#-($)$%/+!1#!/#!(7#/),"#E!5-#8>'F *#!7#/!9#-!4#$%/+!1#!/#!-($$ +(/5()*)*##!+!&0*,14!$!2*!/,7#/$2!$I *#-!4#$,&)*#%33#/3(/),(&(+

PAGE 139

'A )*#!$1!9(%-!!$,&*!0*,9*#//!)#$(+-($$)*!& )*#-!4#$0(2&$)/#!".!&0)*# -!4#$(+)*#33#/#!+,7#/-($)&#!/-!6%!/)#/ (+)*#,/)()!-$%/+!1#!/#!$,&1#A?? *,$7!-%#(+?I,&1-%0#$!-!4#)*!)9/#25?I 2*#&,)2!$#:1!7!)#0!$!9/!7#3,)&+!1).2#+,&0)*!)+(%/(+)*#+,7#-!4#$( &)*##!+,7#/)*!)9!,�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r ,"!9#$#,&1-%0#0(&-)*#-!4#$)*!)-($)$%/+!1 #!/#!(7#/)*#?>#!/$3!&,&)*# 1(//#-!),(&1!-1%-!),(&$.3/(7,0,&9%$2,)*'A(5$# /7!),(&$+/("!-(&9)*#*,14!$!2*! ,7#/!&0?(5$#/7!),(&$+/("!-(&9)*##!+,7#/ n!1*(+)*#)2($!"3-#$2!$ %$#0)()#$))*#3#/1#&)!9#-!4#$%/+!1#!/#!-($$ (7#/),"#+(/0#3#&0#&1#2,)*!)/,(

PAGE 140

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

PAGE 141

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n7#&2,)*)*#/#0%1#0$)/#&9)*( +1(//#-!),(&.,),$ /#!$$%/,&9)(+,&0)*!),&5()*1("3!/,$(&$.)*#-( 1!),(&(+!&(:5(2-!4#,&)*# 2!)#/$*#0,$!+!1)(/,&)*#1*!&9#,&(:5(2-!4#$ %/+!1#!/#!

PAGE 142

8 nn$nrr-nn r(2(%/+(1%$$*,+)$+/(")*#-!/9#3(/),(&(+)*# !$1!9(%-!,7#/!$,&)(!?> 4"/#!1*(++-((03-!,&!-(&9)*##!+,7#/&)*, $?4"!/#)*#/#"!,&$(++(%/!--%7,!1%)(++$+/(")*#+,/$)*!-+(+)*#)*1#&)%/n! 1*1%)(++,$3/#$#&)-(11%3,#05!& (:5(2-!4#.!&0#!1*-!4#3/(7,0#$$("#,&$,9*),&) ()*#6%#$),(&(+*(2+-((03-!,& -!4#$+,--,& #1),(&9,7#$!0#$1/,3),(&(+)*#$)%0!/#!.!& 0$#1),(&0#$1/,5#$)*#!9# !&01*!/!1)#/(+)*#+(%/-!4#$#:!",�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

PAGE 143

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

PAGE 144

88 !&#!/-$#9"#&)(+)*#1(/#()*#09#2(/)*!&0 ,"$-!4#$2#/#/#3(/)#05-(1!$(%/1#$!&0#!/-"!3$!$/#"!,&,&91(&)#0)()* #/,7#/+(/!-#&9)*3#/,(0(+),"# #09#2(/)*!4#,$/#"#"5#/#05-(1!-+,$*#/"#&!$ 5#,&9!11#$$,5-#55(!) 0,/#1)-+/(")*#/,7#/+(/(7#/!0#1!0#!+)#/,)$ ,&,),!-1%)(++!&(+)*#$# (5$#/7!),(&$!/#$3#1%-!),7#2,)*(%)!5$(-%)#0!),& 9.5%))*#/#,$#&(%9*,&+(/"!),(&,& )*#/#-!),7#$#&$#)($%99#$))*!))*,$!33/(!1*,$ !7,!5-#(&#+(/%&/!7#-,&93!$) $#0,"#&)!),(&3!))#/&$!&0#7#&*0/(-(9!&0+-(2 1(&0,),(&$,&$)/#!"$)*!)!/#&() 9!%9#0nn$nrr-n!$n *#$#0,"#&)1(/#,&+(/"!),(&,&)*#3/#7,(%$$#1), (&#:!",&#$#!1*-!4#=$ $#0,"#&)!),(&(7#/),"#*#+(--(2,&9,&+(/"!),(& #:!",&#$)*#-!4#$#0,"#&)!),(& (7#/$3!1##1!&%),-,D#2!)#/0#3)*!&0$#0,"#&) 0#3)*!))*#5())("(+)*#(:5(2 -!4#)(1(&$)/%1)!"!3(+-!4#5!)*"#)/!&0-!4# $#0,"#&)$)(/!9#*,$,&+(/"!),(& 1!&)*#&5#%$#0)(#$),"!)#)*#1%//#&)-!4#7(-%" #.$#0,"#&)7(-%"#.!&0)*#-!4# 7(-%"#2*#&)*#1%)(++(11%//#0!5-#8>B$%""!/,D #$)*,$,&+(/"!),(&+(/!--+(%/ -!4#$n!1*(+)*#-!4#$,$0,$1%$$#0,&0#)!,-,& )*#+(--(2,&93!/!9/!3*$ -0/,1*!4#*!$&(1*!&&#-,&3%)$.,)*!$&(+##0# /$)/#!"$.!&0,)$),#1*!&&#-$ *!7#9/(2&,&1/#!$,&9--(&9#/!&0$"!--#/(7#/)," #$$%1*,),$!-"($)1("3-#)#0#)!1*#0+/(")*#/,7#/00,&)*#$%5$)!&),!-0#9 /!0!),(&,&)*##!+,7#/!&0,),$ #$$#&),!--!&,$(-!)#0-!4#+)*#+(%/-!4#$#:! ",�,&)*,$$)%0.,)*!$(&#(+)*# *,9*#$)3#/1#&)!9#$(+(/9!&,1"!)#/,!-.!&0,)*!$ )*#*,9*#$)3#/1#&)!9#(++,&# "!)#/,!-$.2,)*(7#/BI(+)*#1(/#5#,&9$,-)$,D #0(/$"!--#/)!-$(*!$)*#-(2#$) /!)#(+$#0,"#&)!),(&.2,)*(&-BI(+,)$"#!$%/! 5-#1%)(++7(-%"#+,--#02,)* $#0,"#&)$,7#&)*!))*,$-!4#,$)*#(-0#$)(+)* #+(%/.!)H%$)%&0#/#!/$.,)$-(2

PAGE 145

8? /!)#(+$#0,"#&)!),(&,$!)#$)!"#&))(,)$/#-!),7 #,$(-!),(&+/("5()*)*#/,7#/!&0-(1!0,$)%/5!&1#E,98>F 2#&$-%++!4#,$,&0,/#1)1(&)/!$))()*#/#-!) ,7#-6%,#)!)"($3*#/#,&-0/,1* !4#2#&$-%++!4#,$"%1*1-($#/)()*##!+ ,7#/;,)$-(2#/-,"5,$)*#1-($#$))( )*#/,7#/(+)*#-!4#$,&)*#$)%0%/)*#/"(/#., )*!$"!,&)!,�)*,$3/(:,",))()*# /,7#/(7#/)*#?0#1!0#$0%/,&92*,1*2#*!7#5##& !5-#)((5$#/7#,))$),#1*!&&#-,$ 2#--0#+,�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

PAGE 146

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�)*#$)/#!"+##0,&9#09#2(/)*,&)(!3#/"!&# &)1/##4)*!),""#0,!)#-5#9!& )(1/#!)#!0#-)!!),)$,&+-(2,&)()*#",00-#)*, /0(+)*#(:5(2,&1#)*!)),"#.)*#0#-)! *!$9/(2&)()*#3(,&)2*#/#,)1%)#09#2(/)*!4# ,&)()2(*#5!/1%//#&)$%33(/)$)/##$)*!)!/#N'#!/$,&!9#!&01/#! )#$!'>">2,0#-!&05/,09#!1/($$ )*#-!4#)*!),$$%5"#/9#0(&-0%/,&9+-((0$*,$ )/,5%)!/*!$3/(7,0#0#09#2(/)* !4#2,)*)*#*,9*#$)/!)#$(+$#0,"#&),&3%)(+!& (+)*#-!4#$#:!",�,+)>$#7#& 3#/1#&)(+)*#"#!$%/!5-#1%)(++7(-%"#,$(11%3,#0 5$#0,"#&).-#!7,&9$-,9*)--#$$ )*!&*!-+(+)*#(/,9,&!--!4#7(-%"#)($)(/#2!)# /E,98>'F ,"$!4#*!$)*#"($)0,$)%/5#0*,$)(/(+)*#+(% /-!4#$)/#"!,(&)#0 )()*##!+,7#/+(/$("#),"#!+)#/,)$+(/"!),(& .!&00%/,&9,)$#!/-#!/$.,)0/!,� )*#&(2)/%&1!)#05!$,&(+)*#+(/"#/-3#/#&&,!-$ )/#!")*!),$&(20,7#/)#0,&)( #09#2(/)*!4#*#9%--"!/4,&9)*#+(/"#/$)#!" 2!$0/0%/,&9!--+(%/$#!$(&$ )*!)2#7,$,)#0)*#-!4#)$+(/"#/,&+-(2,$"!/4 #05!&(2$%5"#/9#00#-)!.$(!) (&#),"#)*#$#0,"#&)+-(2+/(")*#1/##4"%$)*!7# 5##&9/#!)#/,"$*!$!-$(5##& )*#$%5H#1)(+(2&#/K,"3/(7#"#&)$L1(&1/#)#2#, /2!$1(&$)/%1)#0(&)*#+(/"#/-

PAGE 147

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n,&$#-#.F.(%/$)%0$*(2$)*!))*#/!)#$!)2 *,1*)*#$#3/(1#$$#$2(/47!/ 0/!$),1!--+/("-!4#)(-!4#*#&2#-((4!))*# +(%/-!4#$,&)*,$$)%0.#!1**!$! 0#1,0#0-0,++#/#&)*,$)(/!&01*!/!1)#/.!&0!-(+)*,$0#$3,)#)*#+!1))*!))*#-!4#$ !/#!0H!1#&))((&#!&()*#/(&)*#$!"#+-((03-!,& !&0(+/#-!),7#-$,",-!/!9# ()*#6%#$),(&(+*(2)*#$#-!4#$+,--,&,$+!/#$$,&)#/#$),&9)*!&)*#6%#$),(&. 9,7#&!--)*#3/(1#$$#$(+$#0,"#&)!),(&(3#/!),&9 (&)*#$#+-((03-!,&-!4#$(7#/)*#,/ *,$)(/.*(2-(&90(#$,))!4#+(/)*#")(+,--,&U *#2(/4(+n,&$#-#!&0,&0#/#/ EAABF+(1%$#$&,1#-(&)*#1(&1#3)(+/#$,0#&1#) ,"#+(/!-!4#./#$#/7(,/.(/!& 5!$,&(&)*#-!&0$1!3#(7#/),"#!&0-!$(%))*#1 (&1#3)%!-+/!"#2(/4(+ $#0,"#&)!),(&%)&(2*#/#,&)*#,/#++(/)$,$)*# "!$$,7#7!/,!5,-,),&-(1!-!&0,&,),!1(&0,),(&$5#)2##&-!4#$5/(%9*),&)(!$$*!/3!1( &)/!$)!$,&)*#*,$)(/(+ $#0,"#&)!),(&,&(%/+(%/-!4#$E!5-#8>@F),$ )*,$7!/,!5,-,))*!)3()#&),!--$*#0$-,9*)

PAGE 148

8@ (&*(2,"3(/)!&))*#!33!/#&)-",&(/-(1!-3/(1#$$ #$!/#,&0#-,7#/,&9)*#$#0,"#&) )*!)!++#1)$)*#7(-%"#(+!1%)(++!&0,)$-!4#(7 #/),"##2,--0,$1%$$)*/##(+)*#$# +!1)(/$,&)*#+(--(2,&9$#1),(&$n%nrrnrrrnnnnrnn rn *#+,/$)+!1)(/,$)*#3/#$#&1#!&01(&0,),(&(+) *#),#1*!&&#-(/5!))%/#)*!) 1(&)$)*#/,7#/)(,)$+(/"#/1%)(++*,$+!1)( /,$)*#5#$)$)%0,#0,&)*#-,)#/!)%/#(& +-((03-!,&-!4#$!&0,$$%""!/,D#05(2-!&0!&0 ,#)/,1*ECF.2*(#:!",�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r#2%,&#!.!/#%&,7#/$!---(1!)#0(&)* #0(2&$)/#!"-,"5(+)*#(:5(2 -!4#$//#$3#1),7#(+$1!-#.)*,$)/#&01!//,#$(7 #/,&)(&#!/-!--)*#*%&0/#0$(+-!4#$ #:!",�,&)*#!$1!9(%-!!$,&&!--1!$#$.)*# %3$)/#!"-,"5(+)*#1%)(++,$ 1-($#06%,14-5!&!--%7,!-5!/.-#!7,&9)*#-(2# /-,"5!$)*#"!,&$(%/1#(+$#0,"#&) (7#/)*##!/-#!/$(+)*#(:5(2-!4#n7#&!+)#/ 1("3-#)#1-($%/#.,),$)*#-(2#/-,"5 )*!)/#1#,7#$)*#9/#!)#$)!11%"%-!),(&(+(7#/5!&4 $#0,"#&)$+/(")*#/,7#/0%/,&9 +-((0,&9*,$"#1*!&,$",$$),--!)2(/4,&!--+( %/-!4#$.!-)*(%9*,),$$#7#/#-,"3#0#0

PAGE 149

8A 5,$(-!),(&,&-0/,1*!4#!&05)*#1(&$)/%1),( &(+!1(&1/#)#$,--,&,"$!4#n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n%nn$ *#$#1(&0+!1)(/,$(&-#7,0#&),&)2((+)*#-!4 #$(7#/)*#,/*,$)(/,#$.5%),)$ 3/#$#&1#*!$$%5$)!&),!--!-)#/#0)*#"(/3*(-(9( +(&#-!4#!&0-#+)!&(57,(%$ -!&0+(/",&)*#()*#/-!4#&(%/$,"3-,+,#01(&1# 3)%!-"(0#-E,98>?F.2#!$$%"# )*!))*#/,7#/,$)*#(&-$(%/1#(+$#0,"#&))()* #(:5(2-!4#%)#!1*/,7#/*!$! 3-#)*(/!(+)/,5%)!/$)/#!"$.!&0!-)*(%9*,),$% &-,4#-.,),$3/(5!5-#)*!)$("#!--%7,!-

PAGE 150

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

PAGE 151

? !4#.)*,$#++#1),$(57,(%$!&0$*(%-0$##)*#-!4 #+,--#0,&+!/+!$)#/)*!&$%//(%&0,&9 -!4#$)*!)!/#+/##(+)*,$"#1*!&,$"+(/$#0,"#&) 0#-,7#/ n%nnn$nr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
PAGE 152

? !4#*!$)!4#&!1%)(++!&0/#0%1#0,)$!/#!5)2( >)*,/0$$,&1#A?@!&05(7#/(&#> *!-+$,&1#A@' *#0/#09,&9(&,"$!4#1!&/#,&+(/1#)*#,"3(/)! &1#(+*%"!&#++#1)$),$ %&+(/)%&!)#)*!))*,$-!4#*!$$%1*!0,$)%/5#01*! /!1)#/*#2(/45)*#-!&0(2&#/)( ,"3/(7#*,$-!4#*!$/#&0#/#0,)&#!/-%$#-#$$,& (%/$)%0*,$,$#1*(#05)*#+!)# (+!+,+)*(:5(2-!4#)*!),$&()"#&),(�,&!& ()*#/3-!1#,&)*,$$)%0#$#-#1)#0 )*,$/#!1*+(/0#)!,-#0$)%05#1!%$#,)1(&)!,� !1-%$)#/(++,7#1%)(++$.)*#+,+)*1%)(++ +(/"#00%/,&9)*#AC$!&00#$)/(#059/!7#-",& ,&95AAC),$,"3($$,5-#)( (7#/$)!)#)*##++#1)$(+*%"!&-!&0%$#(&+-((03-! ,&$!&0)*#(:5(2-!4#$)*!)(11%3 )*#" rrnn$nrr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

PAGE 153

?' rr *#&2#(5$#/7#)*#3*#&("#&(&(+(:5(2-!4#1/#!), (&!&00#$)/%1),(&!))*# 5!$,&$1!-#.2#+,&0)*!)0,++#/,&9$)!9#0,++#/#&1 #$,&)*#/,7#/+(/)*#),"#$)*!),"!9#/ 2!$!7!,-!5-#1/#!)#-#$$)*!&,0#!-1,/1%"$)!&1#$ +(/1("3!/,$(&n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n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

PAGE 154

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

PAGE 155

?? ,&!--.)*#/#,$)*#-,",)#0%$#(+)*#-!4#$#0," #&)1(/#$1(--#1)#0,&)*,$$)%0 *#$,)%!),(&,&)*#$#0,"#&)$(+)*#$#-!4#$,$$% 1*)*!))*#)/!&$-(1!),(&(+"!)#/,!7,!5,(-(9,1!-3/(1#$$#$,$#:)/#"#-*,9**,$&# 9!)#$)*#!33-,1!),(&(+"!&(+)*# )/!0,),(&!-)#1*&,6%#$+(/0!),&9-!#/$,&$#0,"#& )1(/#$*,$$)%02(%-05#&#+,) 9/#!)-+/(")*#%$#(+(3),1!--$),"%-!)#0-%",&# $1#&1#EF0!),&9)#1*&,6%#$ *!$5##&$*(2&!$!"#)*(0+(/#$),"!),&9)*#0!)# (+5%/,!-(&$,&9-#9/!,&$(+ $#0,"#&)!$(%&9!$?J#!/$E(2-!&0#)!-. ?Fn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

PAGE 156

?C ,9%/#8>!3(+)*#$)%0!/#!.,&1-%0,&9+(%/$ %50,7,$,(&$!&0+(1%$!/#!

PAGE 157

?B !5-#8>%""!/(+(:5(2-!4#,&+(/"!),(&+(/+( %/0,7,$,(&$(+)*#$)%0!/#! !)#/$*#00,7,$,(&/!,&!9# !/#!E4"F ()!-&%"5#/(+(:5(2-!4#$ r%"5#/(+ -!4#$,&A?? r%"5#/(+ -!4#$,&? !4#$1/#!)#0 !4#$0#$)/(#0 33#/#!+@ C@@ @@ (2#/#!+AB 'C?'? #!+)()!C8'?' AA #r$n%r 33#/*,14!$!2*! 8 8 (2#/*,14!$!2*! BAC B?8?A C *,14!$!2*!)()!A8CC@ @' .nn /01 /23 /45 56 77

PAGE 158

?@ !5-#8>7#/!9#"(&)*-$)/#!"0,$1*!/9#+(/0!) #$2*#&,"!9#/2!$1(--#1)#0 !)##!+,7#/0,$1*!/9#E" $NF!&0$)!9#E"F!) !)),#$5%/9. *,14!$!2*!,7#/0,$1*!/9#E"'$NF!&0$)!9#E"F!) #!4#$7,--#. !/1*A.A??r()!33-,1!5-#??R'' !.A??8RC r()!33-,1!5-# #5/%!/.A?@CAAR' @'?R? #1#"5#/.A?A?AR r()!33-,1!5-# 1)(5#/'.AC?R? r()!33-,1!5-# (&)*-!7#/!9#.%-? '?CR@ 'BR88

PAGE 159

?A !5-#8>'%""!/(+(:5(2-!4#$%/+!1#!/#!1*!&9 #(7#/),"# !)#/$*#00,7,$,(& ()!-(:5(2-!4#$ 3/#$#&),&5()*A??!&0? !4#$-($,&9EWIF$%/+!1#!/#! !4#$9!,&,&9EWIF$%/+!1#!/#! ()!--!4#!/#! ,&A??E"F ()!--!4#!/#! ,&?E"F #/1#&)!9#!/#!1*!&9# 33#/#!+@8.C@BC.?C?(2#/#!+8'8??@.C?.''@#!+)()!-'8?CAA.A8@C@.CA' #r$n%r 33#/*,14!$!2*!B''.AAA.B?C(2#/*,14!$!2*!8'B@C@.CCB.@C*,14!$!2*!)()!-?''8A@?.CAB.?CC .nn 86 00 /5 /+0/0+016 /+443+703 29/7

PAGE 160

C !5-#8>83#!/"!&/!&41(//#-!),(&$(+3#/1#&)!9# -!4#$%/+!1#!/#!-($$!&0/,7#/ 0/!,&!9#!/#!.,&,),!--!4#$%/+!1#!/#!.!&0-!4# 1("3!1)&#$$7,!)*# ,$(3#/,"#)/,16%(),#&) 3#!/"!&=$/*(2,)*3#/1#&)$%/+!1#!/#!-($$. A??N? #!+,7#/ (:5(2-!4#$E >7!-%#F *,14!$!2*!,7#/(:5(2-!4#$E >7!-%#F ,7#/0/!,&!9#!/#!N??E XF N'@EF &,),!--!4#$%/+!1#!/#!N E?F N'EAF $(3#/,"#)/,16%(),#&) 8E8'F 8'EF !"3-#$,D#E F ? 'A

PAGE 161

C ,9%/#8>/9!&,1.,&(/9!&,1.!&02!)#/3#/1#&)!9 #5"!$$+(/)*#-0/,1*!4# $#0,"#&)1(/#

PAGE 162

C ,9%/#8>'!/),1-#$,D#0,$)/,5%),(&+(/,&(/9!&, 11("3(&#&)(+)*#-0/,1*!4# $#0,"#&)1(/#

PAGE 163

C' ,9%/#8>8/9!&,1.,&(/9!&,1.!&02!)#/3#/1#&)!9 #5"!$$+(/)*#2#&$-%++!4# $#0,"#&)1(/#

PAGE 164

C8 ,9%/#8>?!/),1-#$,D#0,$)/,5%),(&+(/,&(/9!&, 11("3(&#&)(+)*#2#&$-%++!4# $#0,"#&)1(/#

PAGE 165

C? ,9%/#8>C/9!&,1.,&(/9!&,1.!&02!)#/3#/1#&)!9 #5"!$$+(/)*##09#2(/)*!4# $#0,"#&)1(/#

PAGE 166

CC ,9%/#8>B!/),1-#$,D#0,$)/,5%),(&+(/,&(/9!&, 11("3(&#&)(+)*##09#2(/)*!4# $#0,"#&)1(/#

PAGE 167

CB ,9%/#8>@/9!&,1.,&(/9!&,1.!&02!)#/3#/1#&)!9 #5"!$$+(/)*#,"$!4# $#0,"#&)1(/#

PAGE 168

C@ ,9%/#8>A!/),1-#$,D#0,$)/,5%),(&+(/,&(/9!&, 11("3(&#&)(+)*#,"$!4#$#0,"#&) 1(/#

PAGE 169

CA !5-#8>?%""!/(+$#0,"#&)1(/#1("3(&#&)$+(/ -0/,1*.2#&$-%++. #09#2(/)*.!&0,"$-!4#$ !4#I!)#/I&(/9!&,1I/9!&,1 -0/,1* 'A ?C?8' 2#&$-%++'88 C'? #09#2(/)*'B ?@88? ,"$8' ?''A -0/,1* @ 2#&$-%++B @@ #09#2(/)*@' @@ ,"$'A 8B

PAGE 170

B !5-#8>C%""!/(+$#0,"#&)$,D#$+(/-0/,1*. 2#&$-%++.#09#2(/)*.!&0,"$ -!4#$ !4#I/!7#-I!&0I,-)R1-! -0/,1 *@?B8''? 2#&$-%++8?C?''B#09#2(/)*@'?C@B@,"$C8C?@B? -0/,1* 88' 2#&$-%++?@C@A#09#2(/)*88A@@,"$'BAC

PAGE 171

B ,9%/#8>#/1#&)!9#$!&0+(/#!1*-!4#$#0,"#&) 1(/#*#$!"3-,&9,&)#/7!-,$8 1".)*#$(-,0*(/,D(&)!--,&#/#3/#$#&)$)*#"#!&3 #/1#&)!9#$!&0+(/)*# #&),/#1(/#.!&0)*#0!$*#0*(/,D(&)!--,&#$/#3/#$ #&)J$)!&0!/00#7,!),(& E5())("F#!40,$1*!/9#!&0$("#&()#2(/)*+-((0$ "#!$%/#05)*# $)/#!"9!%9#!)!)),#$5%/9.,$$,$$,33,

PAGE 172

B !5-#8>B%""!/(+-!4#,&+(/"!),(&!&05!)*"#) />5!$#0#$),"!)#$(+-!4#. $#0,"#&).!&01%)(++7(-%"#$ !4#!4#!/#! E"F !4#"#!&0#3)*E"F %//#&)-!4#7(-%"#E"'F !4#$#0,"#&)7(-%"#E"'F r((+5!)*"#)/3(,&)$ -0/,1*B' B A? 8 @ 2#&$-%++'C @ C'@ @'' 8? #09#2(/)* @@ ?? 8AA B?8 BB ,"$CC8CA ? '88 8??A C? !4#%)(++!/#! E"F %)(++"#!&0#3)*E"F ()!-1%)(++7(-%"#E"'F %)(++$#0,"#&)7(-%"#E"'F #/1#&)!9#7(-%"#+,--#02,)*$#0,"#&) -0/,1*BB 8B 8'' A@ B 2#&$-%++''B? 8@B@ 88A@ C #09#2(/)* 8'?@ 'A C?B '8B' ?B ,"$8C8@ ??8@ 8??A @ !,"$!4#*!$(&-'@I(+,)$1%//#&)7(-%"#+,--#0 2,)*$#0,"#&)

PAGE 173

B' ,9%/#8>!)*"#)/"!3+(/-0/,1*!4#

PAGE 174

B8 ,9%/#8>!)*"#)/"!3+(/2#&$-%++!4#

PAGE 175

B? ,9%/#8>'!)*"#)/"!3+(/#09#2(/)*!4#

PAGE 176

BC ,9%/#8>8!)*"#)/"!3+(/,"$!4#

PAGE 177

BB !5-#8>@n$),"!)#(+),"#/#6%,/#0)(+,--,&#!1 *-!4#9,7#&!7#/!9#$#0,"#&)!),(& $,&1#1%)(++!&01%//#&)-!4#7(-%"# !4#n$),"!)#0 !9#E#!/$F %)(++$#0,"#&)7(-%"#E"'F !)#(+$#0,"#&)!),(&E"'/NF ()!-1%)(++ 7(-%"#E"'F #!/$+(/-!4#)(+,--1("3-#)#-0/,1*A? A@ C 8'' ? 2#&$-%++BA 88A@ 8@B@ ?' #09#2(/)* CB '8B' ? C?B ? ,"$?@ ?A 'C' ??8@ A?

PAGE 178

B@ ,9%/#8>?(&1#3)%!-"(0#-(+!--%7,!-1%)(++$# 0,"#&)!),(&

PAGE 179

BA n? rr n$$nrr n. &)*#3/(3($!-)*!)5#9!&)*,$2(/4.3/(",$#0)( #:!",&#)*#3()#&),!-(+(:5(2 -!4#$!$,&0,1!)(/$(+3!$)1*!&&#-+(/".)(,&7#$) ,9!)#)*#/(-#(+1*!&&#-$,&%($,),& )*#1/#!),(&(+(:5(2-!4#$!&0(:5(2-!4#1-%$)#/$ .!&0)(-((4!)2*!),&+(/"!),(&)*# $#0,"#&)$(+)*#$#-!4#$1(%-03/(7,0#!5(%)+-((0 *,$)(/.!&05!$,&#/($,(&2,)*-!&0 1(7#/1*!&9#&$("#/#$3#1)$)*,$2(/4"(/3*#0,& )($("#)*,&90,++#/#&))*!&2*!) 2!$,&,),!--#&7,$,(�(2#7#/.2*!)2!$!11("3,$*#0!00$!9/#!)0#!-)()*# #:,$),&94&(2-#09#)*!)2#*!7#(&(:5(2-!4#$(/ #,"3(/)!&)-.)*#$##++(/)$ $%99#$)!&%"5#/(+(33(/)%&,),#$)(5()*,"3/(7#% 3(&)*#0#$,9&$#"3-(#0,&)*,$ $)%0!&0)(#&9!9#,&3/#7,(%$-%&,"!9,�/#$#!/ 1* nrnrrnrn #++(/)$(&)*#%$!9#(+(:5(2-!4#$!$,&0,1!)(/ $(+/,7#/1*!&&#-1*!&9# 0#"(&$)/!)#)*!))*#!33/(!1*#$3/#$#&)#0,&)*,$$ )%02,--2(/4*,$/#$#!/1*2!$ !5-#)($*(2)*!)(:5(2-!4#$!&0!--%7,!-1%)(++$ 1!&3/(7,0#5()*1/($$>$#1),(&!9#("#)/0!)!!&05#0#-#7!),(&0!)!+(/3!$)$)/#! "1(&0,),(&$3!/),1%-!/-2*#/# 1*!&&#-0#9/!0!),(&,$(11%//,&9&)*,$/#$3#1)) *,$2(/4#1*(#$!&0!00$)()*#2(/4 (+n/$4,&##)!-EAAF(2#7#/.)*,$$%11#$$2!$ &()0#+,&,),7#.!&0!00,),(&!-2(/4 $*(%-05#!))#"3)#0,&$)/#!"$(+0,++#/,&9$,D#!& 0,&()*#/#&7,/(&"#&)$)(0#)#/",&# !)2*!)$1!-#$)*,$)#1*&,6%#,$7,!5-#!&0(7#/2* !)#&7,/(&"#&)!-1(&0,),(&$,) /#"!,&$/#-,!5-# *,$3(/),(&(+)*#$)%0!-$(#:*,5,)#0*(23/(+(% &0)*#1*!&9#,&1(&0,),(&$(& )*##!+,7#/*!$5##&(7#/)*#3!$)*!-+1#&)%/ )2(%-05#!",$$#0(33(/)%&,))(

PAGE 180

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�,&)*,$$)%0,$!-$(2(/)* (+!00,),(&!-!))#&),(& 5#1!%$#,),$%&,6%#*#!7%-$,(&(+)*#(2,#,7 #/,&)()*#9/!7#-3,)$#++#1),7#$)(3$$#0,"#&))/!&$3(/)2,)*(%)9(7#/&,&9)*#$)/# !"+-(20(2&$)/#!"*# 9#("(/3*,1#++#1)$(+$#0,"#&)0#3/,7!),(&,&$)/#! "/#!1*#$0(2&$)/#!"(+/#$#/7(,/$ !/#2#--0(1%"#&)#0;5%))*#$#$,)%!),(&$!/#+%&0! "#&)!--0,++#/#&)+/(")*#$,)%!),(& (&)*##!+,7#/5#1!%$#)*#/,7#/=$+-(2/#"!,&$ %&/#9%-!)#0%1*(+)*#2(/4(&)*# #++#1)$(+$#0,"#&)0#3/,7!),(&(&$)/#!"9#("(/3*( -(9*!$5##&-,",)#05)*#

PAGE 181

@ ,&!5,-,)(+,&7#$),9!)(/$)(0,++#/#&),!)#)*#0!" =$#++#1)$)*/(%9*$#0,"#&)0#3/,7!),(& +/(")*##++#1)$(+!&!-)#/#0+-(2/#9,"#rrnnr *#2(/4(&1*!&&#-$,&%($,)!&0,)$,&+-%#&1#%3( &3-!&+(/"9#("#)/!&0)*# 1/#!),(&(+!--%7,!-1%)(++$3/(7#0)(5#-!/9#-$ %11#$$+%-*,$$)%0+(%&0#"3,/,1!#7,0#&1#+(/$#-+>(/9!&,D!),(&!&0#:3!&0#0)*#$)% 0(+1%)(++1-%$)#/$+/("(&#/#!1* ,&)*#,7#/(--,&)(!&#&),/#5!$,&(+(7#/@ 4"#!-$(,&)/(0%1#0)*#%$#(+ )*#$%"(+1%"%-!),7#0#7,!),(&$+/("D#/(1*!&9#+ %&1),(&)(!$$#$$)*#1/,),1!-,) 3(/),(&(+,)*)*,$+%&1),(&2#+(%&0)*#7! -%#(+1*!&&#-$,&%($,)2*#/#)*# /,7#/$$)#"#&1(%&)#/$)*#1/,),1!-)*/#$*(-05#)2 ##&"#!&0#/#-(&9!),(&!&0!--%7,!1%)(++*#,&)/(0%1),(&(+)*,$+%&1),(&#$$,)! )#$+%/)*#/$)%0,&()*#/5!$,&$)( 0#)#/",&#*(2,)2,--0,++#/+/("5!$,&)(5!$,& #*!7#!-/#!0#&9!9#0,&$("#!00,),(&!-2(/4(& )*,$)(3,151!-1%-!),&9)*# +%&1),(&+(/#!1*(+)*#)/,5%)!/$)/#!"$(+)*# !$1!9(%-!),$!-/#!0!33!/#&))*!) )*#+%&1),(&7!/,#$2,)*,&)*#!$1!9(%-!!$,&!&0 #7#&2,)*,&0,++#/#&)3(/),(&$(+)*# $!"#$)/#!"1*%""EAC'F+(%&0)*!)1*!&&#-$,&% ($,),&$)/#!"$%3(&)*#/#!) -!,&$2!$!+%&1),(&(+)*#1(*#$,7#&#$$(+)*#5! &4$;9(,&9$(+!/!$)(+,)!3(2#/ +%&1),(&(+$,&%($,))()*#3#/1#&)(+$,-)!&01!,&)*#1*!&&#-"!/9,&)$##"$-,4#)*!)1*!&&#-$,&%($,),&)*#!$1!9(%-!,$!-$(,& +-%#&1#05)*#5!&4"!)#/,!00,),(&!-2(/4,$&##0#0)(0#)#/",&#)*#$3!),!0,++#/#&1#$,&)*,$+%&1),(&2,)* 1*!&9,&9$(,-1*!/!1)#/!&07#9#)!),(&!-(&9)*#1* !&&#-"!/9,&),$!-$(-,4#-)*!) )*#/#!/#)#"3(/!-7!/,!),(&$,&)*#+%&1),(&)*!) !/#0/,7#&51*!&9,&9*0/(-(9,1 1(&0,),(&$,$)(/,1!-2(/4(&5!$,&$,&%($,)5#+( /#!&0!+)#/"!H(/+-((0#7#&)$$*(%-0

PAGE 182

@ /#7#!-*(2$)/(&9-+-((0$(+0,++#/,&9$,D#$1!&, &+-%#&1#)*#,&+-#1),(&3(,&)$2,)*,&)*,$ +%&1),(&nrrn +!--)*#$#1),(&$,&)*,$0,$$#/)!),(&.)*#2(/4 (&$#0,"#&)0#3($,),(&,&(:5(2 -!4#$1*!&9#0)*#"($)+/(",&1#3),(&)(1("3-#),(& ,++,1%-),#$,&)*#+,#-0 #$$,)!)#0$*(/)1%)$,&5()*)*#$1(3#!&03/#1,$ ,(&(+)*#2(/4n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�$!"3-,&9/#9,"#%$,&91",&1/#"#&)$(&)*# #:)/%0#0$#0,"#&)1(/#$*,$ 2,--9/#!)-,"3/(7#(%//#$(-%),(&(&)*#3*$,1!1*!/!1)#/,$),1$(+)*#$#0,"#&)*,$ "!)*#&!++(/0%$!"(/#0#)!,-#0/#1(/0(+)*#*, $)(/(+0#3($,),(&,&)*#$#-!4#$!&0

PAGE 183

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rr ,)*)*#1-($,&9(+)*,$$)%0(+!--%7,!-1%)(++$ !&0)*#,//#$%-),&9(:5(2-!4#$2,-$#)!$,0#)*#$3#1,+,1$(+)*#/#$#!/1*)*!)*!$5# #&1("3-#)#0!&0/#+-#1)(&!0##3#/ 7,#2(+)*#/,7#/&)*,$0##3#/7,#2.,)!--$),-$##"$)(1("#0(2&)()*#1*%""!&0 ,1*)EAC?F0#$1/,3),(&(+$3!1#!&0),"#,&9#(" (/3*(-(9()*)*#,&1,0#&1#(+ 1%)(++$!&0)*#3#/$,$)#&1#(+(:5(2-!4#$!/#-,4# -)*#/#$%-)(+)*#$3!),!-$1!-,&9(+ 3/(1#$$#$!&0*(2)*#$#,&+-%#&1#)*#3#/$,$)#&1#( +-!&0+(/"$(7#/),"#

PAGE 184

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

PAGE 185

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

PAGE 186

@C nnnrn --#&..AC?/#7,#2(+)*#(/,9,&!&01*! /!1)#/,$),1$(+/#1#&)!--%7,!$#0,"#&)$#0,"#&)(-(9?.@ANA !4..!&9..#,$#&+#-0..A@B#-+>(/9!& ,D#01/,),1!-,)
PAGE 187

@B !/3#/..A()!&,1!-#7,0#&1#(+)*#!9#( +1#/)!,&(:5(2-!4#$1,#&1#'C. BCNBC !/7#..1*%""..A@B#$3(&$#(+/ /##4.!-,+(/&,!.)(-!&0%$# 1*!&9#.9/!7#-",&,&9!&00!"1-($%/#&<#$1*)!. .-,&&../!&0.n. 1#..2!&$(&.En0$F.n/($,(&!&0#0,"# &)!),(&,&)*#!1,+,1," &)#/&!),(&!-$$(1,!),(&(+0/(-(9,1!-1,#&),$) $.!--,&9+(/0..338?N 8C ,14,&.n.AB8*#0#7#-(3"#&)(+"#!&0#/$,& &!)%/!-/,7#/1*!&&#-$"1, B8.88N88 ,14,&.n.r!&$(&..AB?*#1*!/!1)#/(+1* !&&#-",9/!),(&(&)*##!))(& ,7#/.&(/)*#!$)/,),$*(-%"5,!.!&!0!#(-( 1"%--@C.8@BN8A8 ,&0#/#/..n,&$#-#..*#2(/-0=$-!/9# -!4#5!$,&$!$0#&%0!),(&> !11%"%-!),(&$$)#"$!&0,"3-,1!),(&$+(/)*#,/-,+ #),"#$!-#(-,"&(-C. '??N'B ((4#..AA?,7#/1*!&&#-!0H%$)"#&))("#!& 0#/1%)(++$(&)*#,7#/(--,&!&0 ,7#/!&#.&(/)*2#$)n&9-!&0#("(/3*(-(98.' ?N?' ((4#..',7#/"#!&0#/5#*!7,(%/!&0,&$) !5,-,)(/9!&,D!),(&! &07!/,!),(&,&5#*!7,(%/,& "#!&0#/,&9/,7#/$#("(/3*(-(9A.'CN?@ (2#../(2)*(+)*#%"5#/&0%$)/E@8 )(A'F<,$$,$$,33,,$)(/r(2. !&&-,&#%5-,1!),(&(+)*#,$$,$$,33,,$)(/,1!(1,#) *))3
PAGE 188

@@ (&0(-+..AA8#("(/3*,1!&0#&7,/(&"#&)!-# ++#1)$(+,&>$)/#!"9/!7#-",&,&9 !&0$1!3#/5!&-!&&@.?N8' (&0(-+..AAB%&9/2!)#/<#++#1)$(+0!"$ !&09/!7#-",&,&9(&/,7#/ 1*!&&#-$n&7,/(&!&!9#.?''N?? (&0(-+..2!&$(&..AA'*!&&#-!0H%$)" #&)$)(/#$#/7(,/1(&$)/%1),(&!&0 9/!7#-#:)/!1),(&!-(&9)(&/##4.!-,+(/&,!n& 7,/(&#(-.?CNCA (&0(-+..,#9!..!&0(&.r.*!&&# -/#$3(&$#)(,&1/#!$#0!&0 0#1/#!$#05#0-(!0$%33-+/("-!&0%$#1*!&9#<1(&) /!$)$5#)2##&)2( 1!)1*"#&)$#("(/3*(-(98?.'?N? %*&-#..,&9&#/..($)#/../,$$,&9 #/.n.AACn++#1)(+-!&0%$# 1*!&9#$(&$#0,"#&))/!&$3(/),&((02,&/##4!) #/#$(%/#$'. '@AN'AC #11#..!7-(2$4..83!),!-!&0)#" 3(/!-7!/,!),(&$,&)*#9/!,&>$,D# 1*!/!1)#/,$),1$(+*,$)(/,1!-+-((03-!,&0#3($,)$. -%#,7#/.,$1(&$,&. #("(/3*(-(9C.'CN'B #(3(-0..%--..ABA!$#-#7#-.!99/!0 !),(&!&09/!0#/(1"*,-($ (1'.C@N !/$)(&../!7!/0../##&..'"3!1) $(+/#+(/#$)!),(&!&09/!7#-",&,&9 (&)*#!-&!&),7#/.!%)#>!7(,#./#&1*-3$# ("(/3*(-(9??.C?NB8 !))*#$..A8B,$$,$$,33,,7#/1%)(++$" (1,7n&9'.N'A ($$!..(-#..8!-!&+(/"*!&9#$(+! $1!9(%-!,7#//,5%)!/,#$. ,$$,$$,33,<#!/&)#/,"#3(/)@33/ "(/3$(+n&9,&##/$.!) !//,$(&!)#/2!,$)/,1).,$$,$$,33,r!)%/#(&$ #/7!&1.!&0 #(-(9,1!-%/7#.(5,-#. ($$!..(-#..85#("(/3*,1$$#$$"#&) (+*!&&#-*!&9#$!-(&9! (0,+,#0-((03-!,&
PAGE 189

@A #("(/3*(-(9.1("3-#:,).!&0)*##"#/9,&9$1,#&1# (+)*#n!/)*=$$%/+!1# #("(/3*(-(9'.8ACN?? r!&$(&..,14,&.n.A@'*!&&#-",9/!),(&! &0,&1,$,(&(&)*##!))(&,7#/ 0/!%-n&9A.'BN''B 2#&$.r.*!&9#$,&$#0,"#&)$(%/1#$!&0 +-((03-!,&0#3($,),(&/!)#$,&)*# 1!)1*"#&)(+)*#,7#/2##0.1()-!&0.(7#/)*#-! $)#!/$<)*#,"3!1)(+ 1-,"!)#!&0-!&0%$#1*!&9#n!/)*%/+/(1#$$#$ !&0+(/"$B.8'N8' 2#&$.r.-!"!4#/..AA8($)>9-!1,!-)#"3 (/!-7!/,!5,-,)(+$#0,"#&) !11%"%-!),(&,&!$"!--!-3,&#-!4#&)$$(1 0/(-1,%5-8.@BNA? 2#&$.r.!--,&9.n.*!&9#$,&$#0,"# &)$(%/1#$!&0+-((03-!,& 0#3($,),(&/!)#$,&)*#1!)1*"#&)(+)*#,7#/2## 0.1()-!&0.(7#/)*#-!$) #!/$<*#,"3!1)(+1-,"!)#!&0-!&0%$#1*!&9#n! /)*%/+/(1#$$#$ !&0+(/"$B.8'N8' *,--,3$..AAr(&-,&#!/0&!",1!-$$)#"$, &9#("(/3*(-(9(/9!&,D!),(&,&-!&0$1!3#$&& $$(1"#(9/@A.8CCN8@@ ,DD%)(.n.A@B#0,"#&)0,++%$,(&0%/,&9(7#/ 5!&4+-(2$#0,"#&)(-'8.'N 'B ,&!-0,..D9!..%/,!&.r.?#0,"#&) ",&,&9,&!--%7,!-1*!&&#-$<3*$,1!#++#1)$!&0"!&!9#"#&)3#/$3#1),7#$,7#/#$33 -.@?N@@ (2-!&0..,#)/,1*.n.C*##7(-%),(& (+!),#1*!&&#-& 1*%""..,1*).AC?,"#.$3!1#!&01 !%$!-,),&9#("(/3*(-(9" 1,.C'.>A 1*%""..AC@,7#/!0H%$)"#&))(!-)#/#0*0 /(-(9,1/#9,"#&[%//%"5,09## ,7#/!&03!-#(1*!&&#-$.%$)/!-,!#(-%/7/( +!3?A@.C?33

PAGE 190

A 1*%""..ABA#("(/3*,1)*/#$*(-0$<)*#1(&1 #3)!&0,)$!33-,1!),(&$/!&$ &$)/#(9/8.8@?N?? 1*%""..AA(&)#/3/#))*#n!/)*.#&! $)(#/(&9!"5/,09# &,7#/$,)/#$$.r#2(/4 1*%""..AA',7#//#$3(&$#)(5!$#-#7#-1* !&9#<,"3-,1!),(&$+(/$#6%#&1# $)/!),9/!3*#(-.BANA 1*%""..%)*#/+(/0../((4$..AA8 /#>1%)>(++"(/3*(-(9(+)*#-(2#/ ,$$,$$,33,,7#/&<1*%""..,&4-#. En0$F.*#!/,!5,-,)(+ !/9#--%7,!-,7#/$n/#$$.r#2(/4.33' N88 *!&4"!&..AA()!&,1!-#7,0#&1#+(/)*#!9# (+(:5(2-!4#$(&D!-#D..#&,)(.. '*!&&#-1*!&9#$,&)*#!/!"! !&0!9%$/,7#/$E1#&)/!-3!,&F(7#/)*#3!$)? #!/$%!)1,#7. AN /"(/3$(+n&9,&##/$.(5,-#,$)/,1).AC@ !$1!9(%-!,7#/.("3/#*#&$,7# !$,&)%0%""!/#3(/)/"(/3$(+n&9, &##/$.(5,-#. /"(/3$(+n&9,&##/$.(5,-#,$)/,1).A@' #)!,-#0/(H#1)#3(/)!&0 n&7,/(&"#&)!-"3!1))!)#"#&)<#!+!&0(2,#,7# /$!)!)),#$5%/9!&0 #)!-,$$,$$,33,/"(/3$(+n&9,&##/$.( 5,-#. /,9*).n.AA(/,&9),3$!-#(-,"&(-C. 'BN8A

PAGE 191

A n !"#$E,"F!$"%$$#&2!$5(/&,&-,&).,1*,9!&! &0$#/7#0,&)*#&,)#0 )!)#$!/,&#(/3$+/("A@@)(#2!$!&& +!&)/"!&2,)*)*#&0!/,&# #9,"#&)+/("AA@>'!&00#3-(#0(7#/$#!$(&+( %/$#3!/!)#(11!$,(&$0%/,&9 )*!)$3!&#!-$($#/7#0!$!(%&)!,&!&0/1),1 !/+!/#&$)/%1)(/!))*#!/,&# (/3$(%&)!,&!/+!/#/!,&,&9#&)#/+/("AA'>A A?/("AA?>*#2!$!& &+!&)/-!)((&(""!&0#/+(/)*#8)*!/,&##9, "#&)E#$#/7#F%/,&9)*!)),"# *#(5)!,�*,$!1*#-(/(+1,#&1#,&3*$,1!-9#( 9/!3*+/(")*#&,7#/$,)(+ ,1*,9!&>-,&),&AAA#/#1#,7#0*,$!$)#/(+ 1,#&1#,&n!/)*1,#&1#+/(" (&)!&!)!)#&,7#/$,),!$)*#&!2!/0 #0)*#'-%"&,/!0%!)# #--(2$*,3!)&,7#/$,)(+-(/,0!,&+)#/ *,$2(/4,&-(/,0!.*#2!$!33(,&)#0 $$,$)!&)/(+#$$(/(+#(9/!3*!)%)D)(2&&,7#/ $,),&#&&$-7!&,!,&@!&0 $#/7#0)*#/#%&),-,",$!3*$,1!-9#(9/!3* #/!&09#("(/3*(-(9,$)2*( $3#1,!-,D#$,&+,#-05!$#0/#$#!/1*#*!$1("3-#) #02(/4,&)*#r(/)*#/&(14 (%&)!,&$(&)*##--(2$)(&#-!)#!%;!$2#--!$-# !0,&9+,#-0/#$#!/1*(&)*# (%)*#!$)#/&(!$)!--!,&,&)*#!$1!9(%-!!$,& (+$(%)*#!$)#/&,$$,$$,33,!&0 !-(&9)*#,$$,""##,7#/,&$(%)*-(/,0!