Citation
Reconstructing and rehabilitating gendered social fabric in Congolese post-conflict society

Material Information

Title:
Reconstructing and rehabilitating gendered social fabric in Congolese post-conflict society
Creator:
Jones, Corey ( author )
Language:
English
Physical Description:
1 online resource (52 pages) : illustrations ;

Subjects

Subjects / Keywords:
Sustainable Development Practice field practicum report, M.D.P
Genre:
government publication (state, provincial, terriorial, dependent) ( marcgt )
bibliography ( marcgt )
theses ( marcgt )
non-fiction ( marcgt )

Notes

Abstract:
The Democratic Republic of the Congo is recovering from a decades long civil war that is still affecting people in much of the country. Children and women in particular have been heavily affected by the war. Redeeming Love Ministries (RLM) is a small, Congolese nonprofit that works in the eastern village of Luhwindja, South Kivu. Their current projects include a nutrition initiative that revolves around monthly food staple stipends for families, tuition and school fee assistance for children in Luhwindja, a community teaching garden, and a pig microenterprise initiative. RLM requested that these programs be professionally evaluated, which was the focus of this research project. This project found that while numerous RLM projects have positive effects, and even some that were unexpected, there are areas where RLM projects could be improved. Overall, the efforts of RLM have improved the quality of the lives of the population they serve.
Bibliography:
Includes bibliographical references.
General Note:
The MDP Program is administered jointly by the Center for Latin American Studies and the Center for African Studies.
Statement of Responsibility:
by Corey Jones.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
036257156 ( ALEPH )
Classification:
LD1780.1 2018 ( lcc )

UFDC Membership

Aggregations:
University of Florida Institutional Repository

Downloads

This item is only available as the following downloads:


Full Text

PAGE 1

! ! !"#$%&'()#'*%+, -%.,! "/-0* 1*'-'*%+, 2"%."(".,3$#*-1, 4-0(*#,*%, 5$%+$1"&",6$&' 7 5$%81*#',3 $#*"'9 "#$%&!'#(%)*!"#++,--%%.!/$0!12$23! 4567(%8!/$0 47-37)2+,!67+2$2( 8! 2(9!/$0!:(;,%!<,(9)%& :! = ,%>9! ? $25-,57+! @ %A#$-! )7B+,--%9!,(!A2$-,2>!C7>C,>>+%(-! #C!-3%!$%D7,$%+%(-)! C#$!2!42)-%$!#C!17)-2,(2B>%! /%E%>#A+%(-!?$25-,5%!/%;$%%!2-!-3%!F(,E%$),-&!#C! =>#$,92 8!G(!H2,(%)E,>>%8!=>#$,928!F1:

PAGE 2

I "#(-%(-) :B)-$25! 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000 J K$,%C!#E%$E,%L!#C!5#(-%M-!2(9!B25N;$#7(9 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00 O @%9%%+,(;!<#E%!4,(,)-$,%)!?$#;$2+) 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 000000000 P ?>25%+%(-!2(9!9%)5$,A-,#(!#C!3#)-!,()-,-7-,#( 00000000000000000000000000000000 00000000000000000000000000000000 0000000000000000000000000000 Q =,%>9!A$25-,57+!;#2>) 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 0 IR "#(-%M-72>!"#(5%A-72>!=$2+%L#$N!#C!=,%>9!?$25-,57+ 00000000000000000000000000000000 00000000000000000000000000000000 0000000000000 IJ "#(5%A-72>!=$2+%L#$N!SMA>2(2-,#( 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 0000000000 IO 4%-3#9#>#;&!2(9!;#2>) 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000 IT U,+%>,(% 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 000000000000000000000 IV @%)7>-)!2(9!:(2>&),) 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 000 IV "#(5>7),#()W/,)57)),#( 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 000000000000000000000000000000 OX @%5#++%(92-,#() 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000 TR Y#$N)!",-%9 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 000000000000000 TI :%%";,<=,3)(>"9,?)"&'*$%& 00000000000000000000000000000000 00000000000000000000000000000000 00000000000000000000000000000000 0000000000000000000000000 TT !

PAGE 3

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

PAGE 4

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`%9!#,>8!B7-! -3$#7;3#7-!3,)-#$&!E2$,#7)!;$#7A)!32E%!A,>>2;%9!,-)!$%)#7$5%)!2(9!$%2A%9!-3%,$!#L(!B%(%C,-)! C$#+!-3%+8!)-,C>,(;!-3%!5#7(-$&!2(9!-7$(,( ;!L32-!)3#7>9!B%!-3%!3%2$-!#C!:C$,52!,(-#!L32-!'#)%A3! "#($29!-%$+%9!-3%!a^%2$-!#C!/2$N(%))0b !"#$%&'()*&+,*-#'./&01#+ U3%!"#(;#!,)!2!>2$;%!5#7(-$&8!L,-3!-#-2>!>2(9!2$%2!%D72>,(;!2B#7-!#(% C#7$-3!#C!-3%! F(,-%9!1-2-%)!Z"G:8!JRIP[0!G-!B#$9%$)!+2(&!5#7(-$,%)!, (!"%(-$2>!2(9!S2)-!:C$,52*!,(5>79,(;! :(;#>28!K7$7(9,8!-3%!"%(-$2>!:C$,52(!@%A7B>,58!-3%!@%A7B>,5!#C!"#(;#8!@L2(928!F;2(928!1#7-3! 1792(8!U2(`2(,28!2(9!c2+B,20!U3%!5%(-$2> B2),(!#C!-3%!5#7(-$&!,)!2!>#L >&,(;!A>2-%278! L3,>% -3 %! % 2)-%$(!A#$-,#(!#C!-3%!5#7(-$&! ,)!9#--%9!L,-3!+#7(-2,()!2(9!$2,(C#$%)-)0

PAGE 5

T U3%!/@"!32)!#E%$!JRR!9,CC%$%(-!%-3(,5!;$#7A)!-32-!)A%2N!+2(&!9,CC%$%(-!>2(;72;%)!2(9! 9,2>%5-)8!B7-!-3%!+#)-!5#++#(>&!7)%9!2(9!#CC,5,2>!>2(;72;%!,)!=$%(530!U3%!+2\#$,-&!#C! "#(;#>%)%!2$%!@#+2(!"2-3#>,58!B7-!-3%$%!2$% A#5N%-)!#C!#-3%$!$%>,;,#()!,(5>79,(;!G)>2+!2(9! E2$,#7)!?$#-%)-2(-!9%(#+,(2-,#()0!U3%!/@"!,)!B#-3!2!)#7$5%!#C!2(9!2!3#)-!5#7(-$&!C#$!+2(&! 9,CC%$%(-!$%C7;%%!A#A7>2-,#()0!a K%-L%%(!JRIJ!2(9!JRIT8!+#$%!-32(!IIV8RRR!"#(;#>%)%! $%C7;%%)!$%-7$(%9!C$#+!-3%!@%A7B>,5 #C!"#(;#!-#!-3%!$%>2-,E%!)-2B,>,-&!#C!(#$-3L%)-!/@"8!B7-! +#$%!-32(!XTR8RRR!"#(;#>%)%!$%C7;%%)!$%+2,(%9!2B$#29!2)!#C!&%2$ %(9!JRIXb!Z"G:8!JRIP[0!G(! 299,-,#(8!+#$%!-32(!I0P!+,>>,#(!"#(;#>%)%!2$%!,(-%$(2>>&!9,)A>25%98!-3%!E2)-!+2\#$,-&!C>%%,(;! E,#>%(5%!,(!-3 %!/@"d)!%2)-%$(!A$#E,(5%)!B%-L%%(!$%B%>!;$#7A!2(9!"#(;#>%)%!2$+%9!C#$5%)0! U3#7)2(9)!#C!$%C7;%%)!32E%!5#+%!-#!-3%!/@"!C$#+!(%,;3B#$,(;!5#7(-$,%)8!,(5>79,(;!@L2(928! -3%!"%(-$2>!:C$,52(!@%A7B>,58!2(9!K7$7(9,!Z"G:8!JRIP[0!U3,)!,)!>2$;%>&!97%!-#!-3%!C25-!-32-! ()%57$,-&!,(!-3%!"#(;#!32)!)A$%29!-#!2(9!C$#+!+2(&!#C!-3%)%!5#7(-$,%)8!2(9!-3%$%!,)!2!;%(%$2>! >25N!#C!A%25%!,(!-3%!"%(-$2>!:C$,52(!$%;,#(0 23#+#4) U3%!"#(;#d)!%5#(#+&!,)!>2$;%>&!,(C#$+2>8!L,-3!+753!#C!,-)!%5#(#+,5!25-,E,-&!(#-!B%,(;! $%5#$9%9!,(!-3%!#CC,5, 2>!H/?0!U32-!B%,(;!)2,98!-3%$%!,)!)-,>>!2!>2$;%!+2$N%-!,(!-3%!"#(;#!C#$! (2-7$2>!$%)#7$5%)8!+#)-!#C!-32-!5#+,(;!C$#+!-3%!+,(,(;!)%5-#$0!SM-$25-,E%!,(97)-$,%)8!2(9!-3%! )2>%!#C!(2-7$2>!$%)#7$5%) 5#AA%$8!5#B2>-8!;#>98!9,2+#(9)8!5#>-2(8!`,(58!-,(8!2(9!-7(;)-% ( +2N%! 7A!-3%!+2\#$,-&!#C!-3%!,(5#+%!C>#L,(;!,(#!-3%!/@"!C$#+!2B$#29!Z"G:8!JRIP [0!a U3%!5#7(-$&!,)! 2+#(;!-3%!A##$%)-!5#7(-$,%)!,(!-3%!L#$>9!2(9!L2)!$2(N%9!IPe!#7-!#C!IQP!5#7(-$,%)!#(!-3%! F(,-%9!f2-,#()!^7+2(!/%E%>#A+%(-!G(9%M!,(!JRIX8!2(9!,-)!A%$!52A,-2!H/?8!L3,53!)-##9!2-!gTTJ! ,(!JRIX8!,)!2+#(;!-3%!>#L%)-!,(!-3%!L#$>9b!ZY#$>9!K2(N8!JRIe[ 0!U3%!"#(;#d)!H/?!,)!

PAGE 6

X 2AA$#M,+2-%>&!eJ0QP!B,>>,#(! F1/! 2(9!32)!2!;$#L-3!$2 -%!#C!P0Ph!2)!# C JRIX!Z"G:8!JRIP [0!Y32-!-3,)! +%2()!,(!5#+A2$,)#(!-#!#-3%$!5#7(-$,%)!,)!-32-!-3%!/@"!32)!2!+,99>% #C -3% $#29!H/?!$2(N%9!2-! IRJ!,(!-3%!L#$>9!B&!-3%!"G:8!B7-!2!D7,5N>&!;$ #L,(;!H/?!$2(N%9!2-!IX ,(!-3%!L#$>9 0! 5"&/0( U3%!"#(;#!)7CC%$)!C$#+!2 (!2$$2& #C!)#5,#%5#(#+,5!2(9!3%2>-3!,))7%)8!97%!,(!>2$;%!A2$-!-#! %M-$%+%!A#E%$-&0!G-!32)!2!3,;3!,(C2(-!2(9!+2-%$(2>!+#$-2>,-&!$2-%8 L,-3! OR!(%LB#$(!9%2-3)!A%$! I8RRR!>,E%!B,$-3)!2(9! 2! +2-%$(2>!+#$-2>,-&!$2-% #C! eVO 9%2-3)!A%$!IRR8RRR!>,E%!B,$-3) Z F1:G/8! JRIP *!Y^]8!JRIX[ 0!42 >(7-$,-,#(! ,+A25)! 2! >2$;%!A#$-,#(!#C!-3%!"#(;#>%)%!A#A7>2 -,#( 8! P0P! +,>>,#(!2$%!)%E%$%>&!C##9!,()%57$%!Z Y=?8!JRIQ[ 0! U 3%$%!,)!2!>25N!#C!E255,(2-,#(!5#E%$2;% 8! 27;+%(-,(; )7)5%A-,B,>,-& -#!,(C%5-,#7)!9,)%2)% )! 25$#)) -3%!A#A7>2-,#( ZFfG"S=8!JRIO[ 0! G(!>,N%! +2((%$ 8!-3%$%!,)!L,9%)A$%29!>25N!#C!A#-2B>%!L2-%$!2(9!)2(,-2-,#(0!U3%$%!,)!2>)#!C$%D7%(-!2(9! %2$>&!C%$-,>,-&8!2>+#)-!X!53,>9$%(!A%$!L#+2(8!L3,53!#(>&!)%$E%)!-#!% M25%$B2-%!-3%! $,)N #C! +2-%$(2> 2(9!,(C2(-!+#$-2>,-&!Z"G:8!JRIP [0!a ](;#,(;!5#(C>,5-8!+,)+2(2;%+%(-!#C!$%)#7$5%)8!2(9! 2!>25N!#C!,(E%)-+%(-!32E%!$%)7>-%9!,(!C##9!,()%57$,-&*!2>+#)-!OR!A%$5%(-!#C!53,>9$%(!7(9%$!-3%! 2;%!# C!X!2$%!+2>(#7$,)3%9b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

PAGE 7

e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d L#$N!,)!-3%!A>25%+%(-!#C! #$A32()!L,-3!C2+,>,%)!,(!-3%!E,>>2;%!#C!<79L,(9\28!2(9!-3%(!)7B)%D7%(-!)7AA#$-!C#$!-3#)%!C2+,>&! 7(,-)0!U3,)!,)!2!7(,D7%!A#)_ 5#(C>,5-!)#>7-,#(8!B7-!,-!32)!)#+%!A$%5%9%(-!,(!#-3%$!A>25%)0!=#$! %M2+A>%8!@L2(92!#$;2(,`%9!2!>2$;% )52>% 8!5#7(-$& L,9%!9%,()-,-7-,#(2>,`2-,#(!A$#\%5-!-32-! C#57)%9!#(!-3%!5>#)7$%!#C!2>>!)-2-% )7AA#$-%9!#$A32(2;%)!,(!-3%!5#7(-$&!2(9!+#E%9!#$A32()!-#! -3%,$!%M-%(9%9!C2+,>,%)!2(9!C#)-%$!3#+%)!Z67%3$8!JRIX[0!U3%!$%2)#(!C#$!-3,)!,)!-3%!$%>2-,E%>&!E2)-! 2+#7(-!#C!$%) %2$53!-32-!)7AA#$-)!-3%!2))%$-,#(!-32-!53,>9$%(!9%E%>#A!B%--%$!)#5,2>>&!2(9! +%(-2>>&!#7-!#C!-3%!32(9)!#C!>#(; -%$+!,()-,-7-,#(2>!52$%8!2>-3#7;3!,-!32)!B%%(!(#-%9!-32-!-3%$%! 2$%!+2(&!$,)N)!L,-3!-3,)!2AA$#253!2)!L%>>!Z67%3$8!JRIX[0! U3%!,9%2!#C!@<4d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

PAGE 8

P 53,>9$%(!%(!+2))%!C$#+!#$A3 2(2;%)!2(9!A7-!-3%+!,(!C2+,>,%)!L,-3#7-!2(&!#-3%$!)#5,2>!)7AA#$-! A$#;$2+)!-#!%2)%!-32-!-$2(),-,#(0 !".""C*%+,D$>",E*%*&'(*"&,6($+(-C& G0 >.0%101#+&/*?.''#%0*7#%*@&41/1"6*1+* 9.(A1+,B & i @<4! A$#E,9%)!C2+,>,%)!,(!<73L,(9\2 -32-! 32E%!-2N%(!#(!#$A32()!2)!A2$-!#C!-3%!A$#;$2+8!#$! C%+2>% 3%29%9 C2+,>,%)! L,-3!53,>9$%(! ,(!)53##>8!L,-3!(7-$,-,#(2>!)7AA#$-! ,(5>79,(;!$,5%8!B%2() 8!E%;%-2B>%!#,>8! )2>-8! 2(9!)7;2$0! U3%&!2$%!2>)#!A$#E,9%9!L,-3!>27(9$&!)#2A!C#$!L2)3,(;!-3%,$!5>#-3%)0! =##9! 9,)-$,B7-,#()! 2$%!9#(%!#(!2!+#(-3>&!B2),)8!C$#+!'7>,%d)!+#-3%$d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i @<4!A2&)!-3%!-7,-,#(!5#)-)!#C!53,>9$%(!-32-!2$%! %($#>>%9!,(!-3%,$!A$# \%58!2)!L%>>!2)!A$#E,9,(;!)53##>!7(,C#$+)8!B##N)8!2(9!2(&!#-3%$! 2))#5,2-%9!%9752-,#(!5#)-)0 GGG0 ;",13&/ =&%"*7#%*89;*=(1/,%"+*1+*9.(A1+,B& i @<4!A2&)!C#$!-3%!+%9,52>!52$%!#C!2>>!-3%! 53,>9$%(!,(!-3%,$!A$#\%58!,(5>79,(;!E255,(2-,#()!2(9!3%2>-3!)5$%%(,(;)!9#(%!2-!#(%!#C!-3%! >#52>!)53##>)0! U3%,$!5#)-)!2$%!5#E%$%9!2-!-3%!+%9,52>!5>,(,5!,(!-3%!E,>>2;%8!-3%!3#)A, -2>!,(! -3%!E,>>2;%8!2(9!,C!(%%9%9 C#$!)A%5,2>,`%9!52$% 8!-3% >2$;%$ 3#)A,-2>!,(!K7N2E7 0!

PAGE 9

Q Gj0 =#44.+10)*!&%,"+ i @<4!$7()!2!5#++7(,-&!;2$9%(!C#$!-3%!L#+%(! #C!-3%!C2+,>,%)!-3%&! L#$N!L,-30!U3%!>2$;%!+2\#$,-&!#C!-3%!3#7)%3#>9)!-3%&!L#$N!L,-3!2$%!),(;>% +#-3%$! 3#7)%3#>9)!L3%$%!-3%!C2-3%$!32)!%,-3%$!9,%9!#$!2B2(9#(%9!-3%!C2+,>&0!:)!)7538!-3%! L#+%(!2$%!-&A,52>>&!-3%!3%29)!#C!3#7)%3#>9! ,(!@<4!C2+,>,%)!2(9!-3%!5#++7(,-&!;2$9%(! L2)!%(E,),#(%9!2)!2!L2&!-#!3%>A!-3%+!C%%9!-3%,$!53,>9$%(0 j0 -1$*;13%# < 2+0"%'%16" i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`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

PAGE 10

V 53,>9$%(!,(E#>E,(;!A,;!C2$+,(;8!2(9!#552),#(2>>&!B7,>9!3# +%)!C#$!A##$%$!+%+B%$)!#C!-3%!>#52>! 5#++7(,-&!-32-!2$%!9%)-$#&%9!,(!-3%!$2,(&!)%2)#(0 U3%!+,)),#(!)-2-%+%(-!C#$!@%9%%+,(;!<#E%!4,(,)-$,%)!,)!-#!U$2()C#$+!-3%!"#(;#!L,-3! H#9d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`2-,#(!,)!-3%!C25-!-32-!,-!,)!$7(!2(9!#A%$2-%9!5#+A>%-%>&!B&! A%#A>%!B#-3!C$#+!2(9!57$$%(->&!,(!-3%!/%+#5$2-,5!@%A 7B>,5!#C!-3%!"#(;#0!/7%!-#!-3,)8!-3%$%!,)! E%$&!>,-->%!)%A2$2-,#(!B%-L%%(!-3%!)-2N%3#>9%$)!#C!-3%,$!A$#\%5-)!2(9!-3%!#$;2(,`2-,#(!,-)%>C8! L3,53!52(!B%!2!E%$&!>2$;%!,))7%!,(!,(-%$(2-,#(2>!9%E%>#A+%(-0 :(#-3%$!+2\#$!B##(!C#$!-3%!#$;2(,`2-,#(8!2(9!L32-!,)!7(, D7%!2B#7-!,-8!,)!-3%!$%>,;,#7)! (2-7$%!#C!@%9%%+,(;!<#E%0!Y3,>%!,-!5#7>9!B%!2$;7%9!-32-!-3%!$%>,;,#7)!(2-7$%!#C!-3%!(#(A$#C,-! A$%5>79%)!-3%+!C$#+!7)2;%!#C!;#E%$(+%(-!;$2(-)8!%-508!G!L#7>9!2$;7%!-32-!-3%$%!,)!+#$%!;##9! -32(!B29!-#!-3,)!9,)-,(5-,#(0!U3%!$%2)# (!-32-!G!L#7>9!)2&!-3,)!,)!B%527)%!-3%$%!,)!2!37;%!B2)%!#C! )7AA#$-!C#$!-3%!(#(A$#C,-!-#!9$2L!C$#+8!,(!-3%!537$53!5#++7(,-&0!Y%!32E%!%E%(!)%%(!-3,)!

PAGE 11

IR $%5%(->&!L,-3!-3%!5#((%5-,#(!-#!:(9$%L!Y#+25N!+,(,)-$,%)8!2(9!-3%!2+#7(-!#C!+#(%&!-32-! @<4!5#>>%5-%9!C$#+!-32 -!#(%!;$#7A0 U3%!A$#;$2+!B$%2N9#L(!#C!)7AA#$-!,)!-3,)*!2AA$#M0!IRR!C2+,>,%)!B%(%C,-!C$#+!-3%! (7-$,-,#(!A$#;$2+8!2AA$#M0!JRR!)-79%(-)!C$#+!-3%!%9752-,#(!A$#;$2+8!2(9!2AA$#M0!XR!C2+,>,%)! C$#+!-3%!5#++7(,-&!;2$9%(0!U3%$%!2$%!#(>&!IJ!B%(%C,5,2$,%)!#C!-3%!A,;! +,5$#C,(2(5%!A$#;$2+0 U3%!,( 5#7(-$&!) 7A%$E,)#$!C#$!+&!A$#\%5-!L2) '7>,%!42A2-2(#8!-3%!C#7(9%$!#C!@%9%%+,(;! <#E%!4,(,)-$,%)8!2(9!#-3%$!+%+B%$)!#C!-3%!@%9%% +,(;!<#E%!"#(;#!-%2+0!'7>,%!L2) A$%)%(-!C# $! -3% C,$)! 2(9!>2)! J!L%%N)!#C! +&! L#$N8!2(9!B%&#(9!-32-!-3 %$% L2) 2!$%A$%)%(-2-,E%!#C!@<4!,( 5#7(-$&!2-!2>>!-,+%)!-#!2()L%$!D7%)-,#()!2(9!A$#E,9% >#;,)-,52> )7AA#$! C#$!,(-%$E,%L)!2(9! )7$E%&) 0 4*"1. F (-#'*#)C, + $-1& U3%!C,(2>!$%A#$-!#C!+&!C,%>9!A$25-,57+8 -3,)!A2A%$8 ,(5>79 %) 2(!%E2>72-,#(!#C!-3%!57$$%(-! )-2-%!#C!-3%!A$#;$2+)!-32-! @<4 ,) $7((,(;!2(9! $%5#++%(9) A>2()!C#$!-3%!C7-7$%0! U3%! #$;2(,`2-,#(!$%D7%)-%9!-32-!-3%&!(%%9%9!2!-3#$#7;3!2(2>&),)!2(9!%E2>72-,#(!#C!-3%,$!A$#\%5-) 8! ,(5>79,(;!)A%5,C,52>>&!-3%!%9752-,#(8!3%2>-38!2(9 (7-$,-,#(2>!52$%!-3%!C2+,>,%)!$%5%,E%90!=$#+!-3%! @<4!L%B),-%.! a :>-3#7;3!@<4!A2&)!2!+#(-3>&!5#)-!A%$!53,>9!C#$!%9752-,#(2>!-7,-,#(8!+%9,52>! 52$%8!2(9!C##98!2!-3#$#7;3!2(2>&),)!#C!-3%!D72>,-&!#C!%9752-,#(8!+%9,52>!52$%8!2(9!(7-$,-,#(! $%5%,E%9!B&! #7$ @<4!)A# ()#$%9!53, >9$%(! )!(%%9%9 b!Z@%9%%+,(;!<#E%!4,(,)-$,%) [0 G!9,9 2! A$#;$2+!%E2>72-,#(!2(9! L,>>!B%! A$#E,9,(;!-3,)!2(2>&),)!-#!-3%! #$;2(,`2-,#(0!

PAGE 12

II G!2>)#!%E2>72%9! 2(9!+#(,-#$ %9 -3%!+, 5$#%(-%$A$,)% 5#+A#(%(-!#C!-3%!#$;2(,`2-,#( ,(! -3%!A,; A$#\%58!2)!L%>>!2)!-3% %CC,525&!#C!-3%!5#++7(,-&!;2$9%( 8!L3,53!L%$%!2>)#!)A%5,C,52>>&! $%D7%)-%9 C#$!2(2>&),)!B&!-3%!#$;2(,`2-,#(0! ^2E,(;!%E2>72-%9! -3%)%!2 )A%5-)!#C!@<4d)!A$#;$2+)8!G 5$%2-% 9 2!C$2+%L#$N!C#$!2(2>&),)! 2(9!%E2>72-,#(!-32-!-3%!#$;2(,`2-,#(!52(!7)%!,(!-3%!C7-7$%!#( -3%,$!#L(0!^2E,(;!-3%!-##>)!2(9! 2B,>,-&!-#!A$#A%$>&!%E2>72-%!-3%,$!A$#;$%))!#(!-3%,$!)-2-%9!+,)),#(!;#2>)!L,>> %+A#L%$ @<4! -#! #B\%5-,E%>&!2))%))!-3%,$!L#$N!,( -3%!C7-7$%0! ?$#;$2+!%E2>72-,#(!,)!-3%!)&)-%+ 2,5!A$#5%))!#C!5#>>%5-,(;!2(9!2(2>&`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`,(;!92-2!-#!2)) %))!-3%!%CC%5-,E%(%))!#C!2!A$#;$2+!Z67+2$2(8! JRIP[0!U3,)!-&A%!#C!%E2>72-,#(!9#%)(d-!\7)-!)%%N!-#!+%2)7$%!-3%!532(;%!$%)7>-%9 ,(!2!A#A7>2-,#( 8! B7-!2>)#!L3%-3%$!-3%!A$#\%5-!5#(-$,B7-%9!-#!-32-!532(;%0!G-!)%%N)!-#!%E2>72-%!-3$%%!9,CC%$%(-! N,(9)!#C!#7-5#+%)8!B 2)%9!#(!A%$,#9)!#C!-,+%!Z)3#$_ -%$+8!,(-%$+%9,2-%8!>#(; -%$+[0!

PAGE 13

IJ =,;7$%!I .! Z1#7$5%.!67+2$2(8!JRIP[ 5$%'";' )-1,5$%#"F')-1,4(-C"A$(B $8,4*"1.,6(-#'*#)C 13#$-_-%$+! ]7-5#+%)! G(-%$+%9,2-%! ]7-5#+%)! <#(;_-%$+! ]7-5#+%)! k "32(;%)!,(! )N,>>)8!2l-79%)8! 2(9!N(#L>%9;%! k "32(;%)!,(! B%32E,#$!2(9! 9%5,),#(_+2N,(;! k "32(;%)!,(! )-2-7)!2(9! 5#(9,m#(!

PAGE 14

IO =,;7$%!J 5$%#"F')-1,4(-C"A$(B G;F1-%-'*$% U3%!2B#E%!5#(5%A-72>!C$2+%L#$N!5#E%$)!-3%!+2,(!5#(5%A-)!2(9!;#2>)!#C!+&!C,%>9! A$25-,57+0!G-!B%;,()!L,-3!-3%!C,$)-!A2$-!#C!-3%!A$#\%5-8!L3,53! L2 ) -3%!+#(,-#$,(;!2(9!5#>>%5-,#(! #C!92-2!2$#7(9!-3%!E2$,#7)!A$ #\%5-)!-32-!@<4!9#%)! i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

PAGE 15

IT )#!-32-!@<4!5#7>9!$%A>,52%!+&!L#$N!,(!-3%!C7-7$%8!L,-3#7-!+&!A$%)%(5%0 U3,)!,)!L32-!,)! 5#++#(>&!$%C%$$%9!-#!2)!2! 3&'&310) < E.1/,1+$ C$2+%L#$N!-32-!,(5$%2)%)!-3%!#$;2(,`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`2-,#()!#C!-3%!;#2>)!#C!+&!C,%>9!A$25-,57+8!2)!L% >>!2)! +%-3#9) -#!253,%E%!-3%+. !#&/*FG*2:&/.&0"*0("*"H3&3)* #7*0("*'%14&%)*89;*'%#B"30*#7* '%#:1,1+$*",.3&I#+&/*&+,* +.0%1I#+&/*&66160&+3"*0#* 3(1/,%"+*1+*9.(A1+,B& "#(975-!)7$E%&!#C!JX!C2+,>,%)! -32-!2$%!(#-!,(E#>E%9!L,-3!@<4! -#!7)%!2)!2!5#(-$#>!;$#7A!C#$! 5#+A2$,)#(! G(-%$E,%L)W)7$E%&)!L,-3!eX! 3#7)%3#>9)!L#$N,(;!L,-3!@<4! S-3(#;$2A3,5!#B)%$E2m#(!#C! -3%!C2+,>&n)!>,E%>,3##9)!

PAGE 16

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`2-,#(!$%A$%)%(-2-,E%0 U3%!2()L%$)!-#!-3%!)7$E%&!D7%)-,#()!L%$%!-3%(!-$2()>2-%9! B25N!-3 $#7;3!-3,)!532,(!-#!+%!L3%$%! G!5#7>9!$%5#$9!-3%+0!:)!2!$%)7>8! -3%!D7%)-,#()!2(9!A#)),B>%!2()L%$)!-#!-3%!)7$E%&!D7%)-,#()! L%$%!N%A-!$%>2-,E%>&!),+A>%!)#!-32-! (#-3,(;!#C!)7B)-2(5%!5#7>9!B%!>#)-!,(!-$2()>2-,#(!C$#+!#(%! >2(;72;%!-#!2(#-3%$8!-#!-3%(!2(#-3%$0 Y %!$%2>,`%9!-32-!,-!L2)!3%>AC7>!C#$!7)!-#!32E%!

PAGE 17

Ie $%A$%)%(-2-,E%)!#C!-3%!L#+%(!,(!-3%!C2+,>,%)!-3%$%!L,-3!7)!)#!2)!-#!2))72;%!-3%!L#+%(!-32-!L%! L%$%( d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

PAGE 18

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o(2(5%!A$#;$2+! G(-%$E,%L)!L,-3!-3%! 53,>9$%(WC2+,>,%)! ,(E#>E%9!,(!-3%!A,;! +,5$#o(2(5%!A$#;$2+! U$2E%>!-#!A,;!$%2$,(;! ),-%)!2(9!#B)%$E%! A$#5%))! S-3(#;$2A3,5! ]B)%$E2m#(!

PAGE 19

IQ =,;7$%!X U3%! -3,$9!;#2>!#C!+&!A$25-,57+!L2)! -#!%E2>72-%!-3%!5#++7(,-&!;2$9%(!A$#\%5-0!U3,)! A2$-,57>2$!A$#\%5-!L2)!)-2$-%9!,(!JRIJ!B&!@<4!2)!2(!,(,-,2-,E%!-#!;%-!-3%!5#++7(,-&!,(E%)-%9!,(! A$#975,(;!-3%,$!#L(!C##90!G(!JRIX!-3%!5#(5%A-!;$%L!-#!,(9,E,972>!;2$9%()!A>2(-%9!B&! 3#7)%3#>9)!2(9! L#+%( ,(E#>E%9 L,-3!@<4!B&!-3%,$!3#+%)0 f#L!-3%!;2$9%(!>2$;%>&!C7(5-,#()!2)! 2(!%9752-,#(2>!;2$9%(!L3%$%!-3%!L#+%(!,(!@<4!2$%!-27;3-!C2$+,(;!-%53(,D7%)0 G!,(-%$E,%L%9!2! -#-2>!#C!XX!#C!-3%!L#+%(!-32-!L#$N%9!,(!-3%!;2$9%( 8!,(!+7>-,A>%!E,),-)!-#!-3%!;2$9%(!#(! 12-7$92&)!L3%( 2>>!-3%!L#+%(!#C!@<4!+%-!-3%$%!-#!C2$+!-#;%-3%$0 U3%$%!G!L#7>9!5#(975-! ,(-%$E,%L)!-3$#7;3!+&!(%-L#$N!#C!-$2()>2-#$) C#$!2!5#7A>%!#C!3#7$)!7(-,>!-3%!L#+%(!(%%9%9!-#! $%-7$(!3#+%0! :C-%$!#B)%$E2-,#(!#C!2>>!-3%!C25%-) #C!@<4d)!A$#\%5-)8!,(!-3,)!$%A#$-!G! %E2>7 2-%!-3%,$! %CC,525&!2(9!3#L!L%>>!-3%&!2$%!A%$C#$+,(;!-3%,$!E2$,#7)!;#2>)0!G!9%E%>#A %9 2!C$2+%L#$N!-#! H#2>!O.!SE2>72-%!5#++7(,-&! ;2$9%(!A$#\%5-! S-3(#;$2A3,5!#B)%$E2m#(! #C!-3%!5#++7(,-&!;2$9%(! j,),-!+2(&!#C!-3%!,(9,E,972>! ;2$9%()!-32-!32E%!5#+%!#7-! #C!-3%!5#++7(,-&!;2$9%(! +#9%>! G(-%$E,%L)!L,-3!-3%!@<4! L#+%(!,(E#>E%9!,(!-3%! ;2$9%(!

PAGE 20

IV 2(2>&`%!2(9!%E2>72-%!-3%,$!A$#;$2+)!-32-!52(!B%!$%A>,52-%9!%2),>&!,(!-3%!C7-7$%!B&!-3%!+%+B%$)! # C!-3%!#$;2(,`2-,#(0!U3,)!L2) A2$-,2>>&!9#(%!,(!-3%!"#(;#8!L3 ,>%!,(-%;$2-%9!L,-3!-3%! #$;2(,`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e !"&)1'& -%.,:%-19&*& Y%%N!I!2(9!J! k =2+,>,2$,`%9!+&)%>C!L,-3!@<4!A$#\%5-)!2(9!-3%!A%#A>%!-32-!L#$N!C#$!-3%! #$;2(,`2m#(!,(!-3%!o%>9! Y%%N!O!-#! Y%%N!V! k "#(975-%9!,(-%$E,%L)8!)7$E%&)8!2(9!%-3(#;$2A3,5!#B)%$E2m#(!#C!@<4!A$#\%5-)! k /%E%>#A%9!C$2+%L#$N!#C!%E2>72m#(!C#$!C7-7$%!7)%!B&!@<4! Y%%N!IR! k G(-%;$2m#(!L,-3!@<4!+,)),#(!-%2+!,(!6,;2>,!2(9!A$%>,+,(2$&!$%A#$-!#C!o(9,(;)! =#>>#L,(;! $%-7$(!C$#+!=?! k "#(m(7%9!-#!2(2>`%!92-2!5#>>%5-%9!2(9!9%E%>#A!C$2+%L#$N!C#$!%E2>72m#(W 52A25,-&!B7,>9,(;!C$2+%L#$N!

PAGE 21

JR >.0%101#+*&+,*@##,*?"3.%10)*#7*89;*@&41/1"6 U3%!9%+#;$2A3,5!92-2!C$#+!-3%!)7$E%&!)3#L)!-32-!+#)-!#C!-3%!$%)A#(9%(-)!-#!-3%! )7$E%&!329!)A%(-!2!C%L!&%2$)! 2))#5,2-%9!L,-3 @<4!B%C#$%!-3%!%E2>72-,#(!L2)!5#(975-%98! L,-3! 2(!2E%$2;% O0IX!&%2$)!,(E#>E %+%(-!L,-3 @<4!A$#;$2+)0! :>+#)-!2>>!#C!-3%!L#+%(!,(!-3%! A$#;$2+)!L%$%!#$,;,(2>>&!C$#+!<73L,(9\2!ZQRh[8!2(9!E%$&!C%L!#C!-3%+!329!%E%$!#$!L%$%! 57$$%(->&!$%5%,E,(;!B%(%C ,-)!C$#+!2(#-3%$!9%E%>#A+%(-!A$#;$2+8!#(>&!IQh0 U3,)! ,)!,+A#$-2(-! -#! (#-%!B%527)%!,-! 3%>A)!-#!9%-%$+,(%!-32-!2(&!A#),-,E%!%CC%5-)!-32-!+,;3-!32E%!2$,)%(!97%!-#!#-3%$! 9%E%>#A+%(-! A$#;$2+) ,)!(#-!C2>)%>&!2--$,B7-%9!-#! 2(!@<4!A$#;$2+0 Y%!52(!2))7$%!-32-!-3%! L#+%(!2()L%$,(;!-3%!)7$E%&!D7%)-,#()! 32E%!B%%(!,(E#>E%9!L,-3!@<4!>#(;!%(#7;3!C#$!7)!-#! +%2)7$%!-3%!%CC%5-)!#C!2(&!A$#;$2+)!#(!-3%+ 0!G-!,)!2>)#!,+A#$-2(-!-#!(#-%!-32-!-3%!L#+%(!2$%! C$#+!<73L,(9\2!B%527)%!,C!-3%&!2$%!G/?d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`2-,#(!,)!2(!,+A#$-2(-!,))7%!-32-!@<4!)%%N)!-#!299$%))!2(9!2)!2!$%)7> -3%&!2,+!-#! $%,(-$#975%!-3%!L#+%(!2(9!C2+,>,%)!,(-#!<73L,(9\2!)#5,%-& 8!3%(5%!-3,)!)-2-,)-,5!,)!#C!A2$2+#7(-! ,+A#$-2(5%!-#!-3%,$!+,)),#(0! U3%!2E%$2;%!(7+B%$!#C!E,),-)!L%(-!C$#+!2(!2E%$2;%!#C!I0VQ!E,),-)!

PAGE 22

JI A%$!L%%N!-#!2B#7-!O0TX8!$%A$%)%(-,(;!2!532(;%!#C! I0TP!E,),-)!A%$!L%%N!-#!@<4!C2+,>,%) Z=,;7$%! P[ 0 =,;7$%!P @%;2$9,(;!-3%!9,CC,57>-&!#C!C%%9,(;!-3%,$!C2+,>,%)8!L#+%(!,(!@<4!2>)#!B%>,%E%9!-32-!,-!L2)! %2),%$!-#!C%%9!-3%,$!#L(!C2+,>,%)!2C-%$!,(-%$E%(-,#(!B&!@<40!U3,)!,)!B#$( %! -$7%!B&!-3%,$! $%)A#()%)!-#!-3 %!D7%)-,#(!#C!3#L!9,CC,57>-!,-!L2)8!#(!2!<,N%$-!152>%8!-#!C%%9!-3%,$!C2+,>,%)!A$% @<4!5#+A2$%9!-#!A#)_ @<40! U3%!2E%$2;%!)5#$%!A$% @<4!L2)!T0ee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j,),-)!?%$!Y%%N!=$#+!f%,;3B#$)! K%C#$%!@<4! :p%$!@<4!

PAGE 23

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ee! J0XQ! S2)%!#C!=%%9,(;!=2+,>&! ?$%_@<4! ?#)-_@<4!

PAGE 24

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e!#7-!#C!X0 U3,)!,)!,(! )-2$N!5#(-$2)-!-#!-3%!(#( @<4!)7$E%&!$%)A#(9%(-)8!L3#!$2-%9!-3%!+%9,52>!5 2$%!-32-!-3%&! $%5%,E%9!2-!\7)-!2!+%$%!I0Qe!,(!5#+A2$,)#( Z=,;7$%!IR[ 0 4#)-!#C!-3%!$%2)#(,(;!B%3,(9!-3,) 9,CC%$%(5%!,(!D72>,-&!$2-,(;) ,)!B%527)%! #C!-3%!5#)-!#C!2(9!255%))!-#!+%9,52>!52$%0!@<4!C2+,>,%)! ;#!-# -3%!)2+%!9#5-#$)!2(9!$%5%,E%!-3%!)2+%!-$%2-+%(-)! 2)!(#( @<4!C2+,>,%)8!B7-!-32-!,)!(#-! R! R0X! I! I0X! J! J0X! O! O0X! T! T0X! X! ?$%_G(-%$E%(m#(! ?#)-_G(-%$E%(m#(!ZGC!:AA>,52B>%[! @<4!E)0!f#(_@<4!f7-$,m#(2>!@%)A#()%)! @<4! f#(_@<4!

PAGE 25

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`%9!-$%2-+%(-) ,(!K7N2E7!B%527)%!@<4!)-2CC!,)! L,>>,(;!2(9!2B>%!-#!-$2()A#$-!-3%+!-3%$%0! =,;7$%!IR T0O! I0Qe! 4%9,52>!"2$%!q72>,-&! @<4! f#(_@<4!

PAGE 26

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eP! J0Xe! 2&6"*#7*-&)1+$*7#%*?3(##/1+$*A10(*89;*C.1I#+* D66160&+3"* ?$%_@<4! ?#)-_@<4!

PAGE 27

Je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e! V! IJ! IX! @<4!E)!f#(_@<4!^=G:1! @<4! f#(_@<4!

PAGE 28

JP =,;7$%!IJ =#44.+10)*!&%,"+ U3%!L#+%(!-32-!A2$-,5,A2-%9 ,(!-3%!@<4!A$#;$2+!;#-!2AA$#M,+2-%>&!OJh!#C!-3%,$! L%%N>&!C##9!C$#+!-3%!5#++7(,-&!;2$9%(8!2B#7-!TXh!C$#+!-3%,$!#L(!3#+%!;2$9%()8!2(9!JJh! C$#+!-3%!+2$N%-!,(!<73L,(9\20 U3,)!9,53#-#+&! ,)!>2 $;%>&!97%!-#!-3%!C25-!-32-!-3%!5#++7(,-&! ;2$9%(!,)!+#$%!#C!2!-%253,(;!;2$9%(!-32(!A7$%!)7)-%(2(5%8!B7-!,-!,)!)-,>>!2(!,+A#$-2(-!)#7$5%!#C! C##9!C#$!+2(&!@<4!C2+,>,%)0! 4#)-!#C!-3%!C##9!-32-!+#)-!C2+,>,%)!2-%!52+%!C$#+!-3%,$!#L(! ;2$9%() 8!7),(;!-%53(,D7%)!-32! -3%&!>%2$(%9!,(!-3%!5#++7(,-&!-%253,(;!;2$9%(0! ^#L%E%$8!-3%! L#+%(!2>)#!;#-! 2(!2)3!,()%5-,5,9% 2(9!)%%9)!C$#+!-3%!5#++7(,-&!;2$9%(!C#$!C$%%!-#!-2N%!3#+%! -#!-3%,$!;2$9%()8!2)!L%>>!2)!C2$+,(;!-%53(,D7%)!2(9!N(#L>%9;%!-27;3-!-#!-3%+!B&!-3%!@<4!)-2CC0! U3%$%C#$%!-3%,$!A%$)#(2>!;2$9%()8!-3#7;3!-%53(,52>>&!-3%!>2$;%)! C##9!A$#975%$)!,(!-3%,$! 3#7)%3#>9)8!2$%!,+A25-%9!A#),-,E%>&!B&!2(9!,+A$#E%9!B&!-3%,$!,(E#>E%+%(-!,(!-3%!5#++7(,-&! ;2$9%(0! U3%!9,CC%$%(5%8!L32-!-3%&!52((#-!;$#L8!,)!B#7;3-!C$#+!E%(9#$)! 2-!-3%! >#52>!+2$N%-0 R! IR! JR! OR! TR! XR! eR! PR! QR! VR! IRR! ?%$5%(-2;%!Zh[! @<4!E)0!f#(_@<4!JT!^#7$!=##9!@%52>>! @<4! f#(_@<4!

PAGE 29

JQ ! =,;7$%!IO U3%!+2\#$,-&!#C!-3%!L#+%(!ZQXh[!)32$%9!C##9!-32-!-3%&!;$%L!L,-3!A%#A>%!-32-!52+%!B&! -3%,$!3#7)%)!-#!2)N!C#$!,-8!2(9!QJh!#C!-3%!L#+%(!%E%(!)2,9!-32-!-3%&!)32$%!C##9!-3%&!;$#L!L,-3! )-$2(;%$)!-32-!2)N0 U3,)!,)!,+A#$-2(-!C#$!-3%!)2+ %!$%2)#(!-32-! -3%!E,),-) C$#+!#-3%$!5#++7(,-&! +%+B%$)!+%(-,#(%9!2B#E%!,)8!@<4!,)!-$&,(;!-#!$%,(-%;$2-%!-3%!C2+,>,%)!-32-!L#$N!L,-3!-3%+ B25N!,(-#!-3%!)#5,2>!C2B$,5!#C!-3%!E,>>2;%0!U3%)%!5#((%5-,#()!2$%!(#-!\7)-!>,+,-%9!-#!-3%!L#+%(d)! )#5,2>!5,$5>%)8!B7-!2> )#!2(&!)-$2(;%$)!,(!-3%! E ,>>2;%!-32-!2AA$#253!-3%+ 2)!L%>>0 :!)#>,9!+2\#$,-&! ZQRh[!#C!-3%!L#+%(!2>)#!)2,9!-32-!%E%$&#(%!,(E#>E%9!L,-3!-3%!;2$9%(!)3#L)!7A!C$%D7%(->&! %(#7;3!2(9!9#%)!%(#7;3!L#$N!C#$!,-!-#!B%!%D7,-2B>% 8!2(!,(9,52-#$!#C!-3%!D72>,-&!#C!-3%!A$#; $2+0! U3%!)2-,)C25-,#(!#C!-3%!+%+B%$)!#C!-3%!;2$9%(!,)!,+A#$-2(-!C#$!-3%!)755%))!#C!-3%!A$#;$2+0 :>)#8!-3%!+2\#$,-&8!VXh8!#C!-3%!L#+%(!329!-3%,$!#L(!;2$9%(!2-!3#+%!2)!L%>>!2)!L#$N,(;!,(!-3%! 5#++7(,-&!;2$9%(0 JKL* MNL* KKL* 89;*D''%#O14&0"*P""Q/)*@##,*R%1$1+* "#++7(,-&!H2$9%(! ^#+%!H2$9%()! 42$N%-!

PAGE 30

JV Y3%(!2)N%9!,C!-3%&!329!%E%$&-3,(;!(%%9%9!C#$!2!) 755%))C7>!;2$9%(*!VRh!#C!-3%!L#+%(! )2,9!-3%&!329!255%))!-#!)%%9)8!VQh!$%A#$-%9!-3%&!329!255%))!-#!2!3#%8!#(>&!eXh!#C!$%)A#(9%(-)! $%A#$-%9!32E,(;!255%))!-#!+2(7$%8!2(9!QPh!#C!$%)A#(9%(-)!329!255%))!-#!2)3!#$!2(!,()%5-,5,9%0! =,;7$%!IT @<4!A$#E,9%)!-3%! L#+%(!-32-!L#$N!L,-3!-3% +!L,-3 2(!2)3!,()%5-,5,9%!-32-!-3%&!52(! )A$%29!#E%$!-3%,$!;2$9%()!2-!3#+%0!G-!,)!(#-!$%2>>&!2(!,()%5-,5,9%8!B7-!\7)-!-3%!2)3%)!#C!532$5#2>! C,$%) -32-!C7(5-,#()!-#!N%%A!,()%5-)!2L2&!C$#+!-3%!;2$9%(0 @<4!2>)#!A$#E,9%)!2)!+2(&!)%%9)!2) -3%&!52(!C#$!-3%!C2+,>,%)!2(9!#552),#(2>>&!+2(7$%!,C!,-!,)!2E2,>2B>%0 U3%!>2$;%)-!L%2N(%))!#C! +2(&!L#+%(d)!;2$9%()! ,)!-32-!-3%&!>25N!$%;7>2$!2(9!)7CC,5,%(-!255%))!-#! +2(7$% 8!L3,53!,)!32$9! -#!5#+%!B&!L3%(!-3%&!9#!(#-!#L(!2(!2(,+2>!)753!2)!2!A,;0 U3%!+2\#$ ,-&!#C!-3%!L#+%( ,(!@<4!9#!(#-!)%>>!-3%,$!A$#975%8! ,(!C25-!#(>&!OOh!#C!-3 %+ 9#0! ]7-!#C!-3#)% -32-!)%>>!ZIQ!-#-2>[8!Ie!#C!-3%+!Z#$!2B#7-!QVh[!)%>>!B%-L%%(!r!2(9!s!#C!L32-! Rh! IRh! JRh! ORh! TRh! XRh! eRh! PRh! QRh! VRh! IRRh! :)3WG()%5m5,9%! 42(7$%! ^#%! 1%%9)! ?$%E2>%(5%!#C!H2$9%(!"#+A#(%(-)!,(!@<4!^#7)%3#>9)!

PAGE 31

OR -3%&!;$#L0!J!#7-!#C!-3%!IQ!L#+%(!-32-!)%>>!Z#$!2AA$#M,+2-%>&!IIh[!)%>>!+#$%!-32-!s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d-! 32E%!329!255%))!-#!B%C#$%!-3%!@<4!;2$9%(,(;!A$#;$2+0! ]E%$2>> 8!-3%!-%253,(;!,(!-3%!;2$9%(!L2)! 52$$,%9!#7-!B&!2!$%A$%)%(-2-,E%!#C!@<4!L3#!329!2!B25N;$#7(9!,(!$7$2>!2;$,57>-7$2>! NSL* KSL* ML* D''%#O14&0"*-"%3"+0&$"*#7*89;*P#4"+* C(&0*?"//*!&%,"+*-%#,.306*&+,*T.&+I0)*?#/,* /#!f#-!1%>>! 1%>>!K%-L%%(!IWT!2(9!IWJ!#C!H$#L(! ?$#975-)! 1%>>!4#$%!U32(!IWJ!#C!H$#L(! ?$#975-)!

PAGE 32

OI 9%E%>#A+%(8!2(9!C#57)%9!#(!-%53(,D7%)!2(9!)N,>>)!-32-!-3%!L#+%(!,(!@<4!5#7>9!7)%!,(!-3%,$! #L(!;2$9%()!2-!3#+%0! U3,)!, (5$%2)%!,(!N(#L>%9;%!, ) 9%+#()-$2-%9!B&!-3%!B%>#L!;$2A3 Z=,;7$%! Ie[0 =,;7$%!Ie U3,)!)-2-,)-,5! )3#L)!-3%!,+A25-!-32-! -3%!@<4!-%253,(;!;2$9%(!32)!#(!-3%!C2$+,(;! N(#L>%9;% -32-!-3%!L#+%(!5#+%!2L2&! L,-3!2(9 ,)!2!)-$#(;!,(9,52-#$!#C!-3%!D72>,-&!#C!-3%! A$#;$2+0! -1$*;13%#71+&+3" K%C#$%!-3%!A,;!+,5$#C,(2(5%!A$#;$2+!-32-!@<4! #A%$2-%)!+#)-!#C!-3%!L#+%(!$2-%9!-3%,$! N(#L>%9;%!#C!$7((,(;!2!B7),(%))!2(9!3#L!5#+C#$-2B>%!-3%&!L#7>9!32E%!B%%(!L,-3!32E,(;!-3%,$! #L(!B7),(%))!2-!J0QO!2(9!O0XQ!#(!2E%$2;%8!$%)A%5-,E%>&0!:C-%$!-3%!A$#;$2+!3#L%E%$ 8!-3%&!$2-%9! -3#)%!)2+%!-3,(;)!2-!T!2(9!T0JX0! U3,)!,)! ,+A#$-2(-!B%527)%!A2$-!#C!-3%!@<4!A$#;$2+!,)!+%2(-!-#! I0PX! O0QV! R! I! J! O! T! X! K%C#$%!@<4! :p%$!@<4! :E%$2;%!6(#L>%9;%!#C!H2$9%(,(;!U%53(,D7%)!#(!2!<,N%$-! 152>%!

PAGE 33

OJ ,+A$#E%!-3%!5#+C#$-!2(9!)N,>>!-32-!-3%!L#+%(!32E%!L,-3!$7((,(;!2!B7),(%))8!)#!-32-!A%$32A)! -3%&!52(!B%5#+%! B7),(%))!#L(%$)!2(9!B%;,(!-#!+#E%!#7-!#C!A#E%$-&0!4&!)7$E%&!7(%D7,E#52>>&! )3#L)!-32-! @<4d)! + ,5$ # %(-%$A$,)%!A$#;$2+!9%>,E%$)! )>,;3->&! #(!-3%)%! #B\%5-,E%) 8!3#L%E%$!-3%! ,+A$#E%+%(-)!,(!5#(C,9%(5%!2$%!#(>&!+2$;,(2> 0 U3,)! ,+A$#E%+%(-! ,)! ,>>7 )-$2-%9! ,( -3%!532$ -)! B%>#L Z=,;7$%!IP[0 =,;7$%!IP Y3%(!2)N%9!2B#7-!-3%!+#(-3>&!5#)-)!#C!C%%9,(;!-3%!A,;)!-32-!@<4! A$#E,9%98! -3%!2E%$2;%! 5#)-!C#$!C%%9,(;!-3%!A,;)!,(!F1/!L2)!IJ0eP!9#>>2$)! A%$!+#(-3 0!f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

PAGE 34

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`%$!-#!-3%!L#+%(!C#$!-3%,$!;2$9%()0 =,;7$%!IQ U3%$%!,)!2>)#!9,CC,57>-&!$%;2$9,(;!C%%9,(;!-3%!A,;)!2(9!$%;2$9,(;!-3%!#-3%$! 5#)-)!#C!A,;! $%2$,(;8!-3%!2E%$2;%!)5#$%!#(!2!<,N%$-!152>%!B%,(;!T0JX!#7-!#C!X0 U3,)!)-2-,)-,5!;#%)!B25N!-#!L32-! L2)!+%(-,#(%9!2B#E%!,(!$%;2$9)!-#!-3%!3,;3!5#)-!#C!$%2$,(;!2!>2$;%!2(,+2>!)753!2)!2!A,;0 T0RQ! I0PX! R! I! J! O! T! X! /,t57>-&!#C!=,(9,(;!42(7$%!C#$!^#+%!H2$9%(! ?$%_@<4! ?#)-_@<4!

PAGE 35

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f#(%!#C!-3%!@<4!L#+%(! ,(E#>E%9!,(!-3%!A$#;$2+!-32-!G!,(-%$E,%L%9!L%$%!2B>%!-#!N%%A!2(&!A,;>%-)8!2)!-3%&!L#7>9!32E%! 329!-#!32E%!B%%(!-3%! C#7$-3 >,--%$!-32-!A,;!329!A$#975%90

PAGE 36

OX 5$%#1)&*$%& I J*&#)&&*$% @<4d)!-2$;%-!A#A7>2-,#(!,)!C%+2>% 3%29%9!3#7)%3#>9)!L,-3!(#! #-3%$!)7AA#$-!(%-L#$N)8!L3#! 32E%!B%%(!E,5-,+!-#!-3%!"#(;#>%)%!",E,>!Y2$8!2(9!32E%!53,>9$%(!,(!)53##>!,(!<73L,(9\20!U3%! C#57)!#C!-3%!#$;(,`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d)!L#$N!,(!-3%! "#(;# 0!U3%!A$#\%5-)!-32-!@<4!$7()!,(5$%2)%!-3 %!9,%-2$&!9,E%$),-&!#C!-3%!C2+,>,%)!,(!-3%,$! A$#;$2+)8!B7-!)-,>>!(#(%!#C!-3%!C2+,>,%)!2-%!2(&!%;;)!,(!%,-3%$!;$#7A0!=$#+!L32-!G!5#7>9!;2-3%$! -3$#7;3!%-3(#;$2A3,5!#B)%$E2-,#(8! %;;)!2$%!5#()7+%9!,(C$%D7%(->&!B&!A%#A>%!2(9!-3%$%! 9#%)(d-!)%%+!-#!B%!2(!57>-7$2> )-,;+2!#(!-3%,$!5#()7+A-,#(0!@<4!5#7>9!>##N!2-!-3,)!2)!2!L2&!#C!

PAGE 37

Oe ,(5$%2),(;!-3%!2(,+2>!A$#-%,(!-32-!-3%!C2+,>,%)!5#()7+%!B&!5#(),9%$,(;!9,CC%$%(-!>,E%)-#5N! #A-,#()!C#$!2!A$#;$2+!,()-%29!#C!A,;)! i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d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`2-,#(0!U3,)!,)!)#+%-3,(;!-32-!52((#-! A%$32A)!B%!+%2)7$%9!L,-3!+&!,()-$7+%(-)8!B7-!G!B%>,%E%!,-!,)!)-,>>!2(!,(5$%9,B>&!,+A#$-2(-!C25%-! #C!-3%!A$#\%5-0

PAGE 38

OP =#$!)#+%!L#+%(8!,-!L2)!2> )#!2!)#7$5%!#C!,(5#+%!B%527)%!,-!2>>#L%9!-3%+!-#!;$#L!%M-$2! C##9!Z,(!299,-,#(!-#!-3%,$!3#+%!;2$9%([!2(9!)%>>!-3%!%M5%))!2-!-3%!+2$N%-0!^#L%E%$8!-3%!E2)-! +2\#$,-&!#C!@<4!L#+%(!9,9!(#-!)%>>!-3%,$!A$#975%0 G(!A2$-!-3,)!,)!97%!-#!-3%!,(5$%2)%9!(%%9!#C! )#+%!A$# \%5-!A2$-,5,A2(-)8!(#-!2>>!#C!-3%+!329! -3%,$!#L(!)A25%!C#$!2!;2$9%(!2-!3#+%!2(9!2)!2! $%)7>-!-3%&!(%%9%9!-#!9$2L!+#$%!C##9!C$#+!L32-!-3%&!;#-!2-!-3%!;2$9%(0! U3%!L#+%(!2>)#!C%>-!2)!-3#7;3!-3%&!>%2$(%9!2!;$%2-!9%2>!C$#+!B%,(;!,(E#>E%9!L,-3!-3%! 5#++7(,-&! ;2$9%(8!)3#L,(;!2!+2$N%9!,(5$%2)%!#(!2!<,N%$-!)52>%!A$% A#)-!)7$E%&0 :)!G! +%(-,#(%9!2B#E%8!-3,)!2)A%5-!#C!-3%!;2$9%(!L2)!,(E2>72B>%!2(9!)3#7>9!B%!5#(),9%$%9!2!)755%))0 G!L#7>9!)-$#(;>&!29E#52-%!C#$!@<4!-#!,(5$%2)%!-3%!2+#7(-!#C!>2(9!-32-!-3%&!32E%!255%)),B >%! C#$!-3%!5#++7(,-&!-%253,(;!;2$9%(8!%E%(!,C!-3,)!+%2()!A7--,(;!,(5#+,(;!C7(9)!-#L2$9)! A7$532),(;!25$%2;%!,()-%29!#C!,(5$%2),(;!-3%!2+#7(-!#C!A2$-,5,A2(-)!,(!-3%!@<4!A$#\%5-)0!U3,)! ,(5$%2)%9!>2(9!L#7>9!5$%2-%!+#$%!#C!2(!,(5%(-,E%!C#$!-3%!L#+%(!-#!9%9,52-% -,+%!2(9!%(%$;&! -#!C2$+,(;!-3%$%!-3$#7;3#7-!-3%!L%%N8!2(9!E,%L,(;!,-!2)!2!)#7$5%!#C!C##9!,()-%29!#C!A$,+2$,>&!2! -%253,(;!;2$9%(0!42(&!L#+%(!9,9!(#-!32E%! 2!>2$;%!;2$9%(!2-!3#+%8!#$!2$%!>,E,(;!#(!)#+%#(%! %>)%d)!A$#A%$-&!2(9!-37)!52((#-!32E%!2!;2$9%(!-32-!-3 %&!-%(9!-#!2-!-3%,$!$%),9%(5%0 :!>2$;%$! @<4!;2$9%(!L,>>!B%(%C,-!-3#)%!C2+,>,%)!,(!-32-!,-!;,E%)!-3%+!+#$%!#AA#$-7(,-&!-#!-2N%!3#+%! E%;%-2B>%)!-32-!-3%&!L#7>9(d-!32E%!255%))!-#!#$!L#7>9!32E%!-#!A7$532)%!#-3%$L,)%0 4#)-!#C!-3%!L#+%(!$%A#$-%9!-32-!-3%&!329!2> >!#C!-3%!-##>)!-3%&!(%%9%9!C#$!2!)755%))C7>! ;2$9%(!2-!3#+%8!B7-!-3%$%!L2)!2!+753!>#L%$!A%$5%(-2;%!#C!L#+%(!-32-!$%A#$-%9!32E,(;!255%))! -#!+2(7$%0!U3,)!5#7>9!B%!$%5-,C,%9!B&!C,(9,(;!2!(%L!)#7$5%!#C!+2(7$%!C#$!-3%!L#+%(!-#!7)%!2-! 3#+%0

PAGE 39

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

PAGE 40

OV 2(9!)%%,(;!3#L!@<4!2)!2(!#$;2(,`2-,#(!52(!5##A%$2-%!L,-3!-3%+!-#!,( 5$%2)%!%E%$&#(%d)! A$#975-,E,-&!L#7>9!B%!B%)-0

PAGE 41

TR !"#$CC"%.-'*$%& G(5$%2)%!-3%!2+#7(-!#C!>2(9!C#$!-3%!5#++7(,-&!;2$9%(! B&!>##N,(;!,(-#!%,-3%$!A7$532),(;! (%L!>2(9!#$!+2N,(;!2!9%2>!L,-3!-3%!N,(;!#C!<73L,(9\20 =,(9!2!A,;!C2$+%$!-32-!@<4!52(!L#$N!L,-3!,(!#$9%$!#!A$#E,9%!2! )#7$5%!#C!+2(7$%!C#$!-3%! L#+%(!,(!-3%!5#++7(,-&!;2$9%(0 ^#(%!,(!-3%!#B\%5-,E%)!#C!-3%!#$;2(,`2-,#(.!/#%)!@<4!#(>&!L2(-!-#!)%$E%!-3% C2+,>,%)!,(! <73L,(9\2!-32-!2$%!C%+2>% 3%29%9!3#7)%3#>9)!L,-3!53,>9$%(!#$!%E%$&!#(%!,(!-3%!E,>>2;%u ^2E%!2! A$#C%)),#(2>8!#$!%E%(!-3%!@<4!)%5$%-2$&!-%253!-3%!L#+%(!3#L!-#!+2(2;%!-3%,$! +#(%&!#$!3#L -#!B%--%$!C%%9!-3%,$!C2+,>&!-3$#7;3!(7-$,-,#(!5>2))%)0 G!B%>,%E%!-32-!-3%!)%5$%-2$&!#C!-3%!#$;2(,`2-,#(8!:$)%(%8!,)!2(!,(5$%9,B>&! 7)%C7>!2))%-!-#! @<4!2(9!)3#7>9!B%!5#+ A%()2-%9!%(#7;3!)#!-32-!3%!52(!L#$N!C#$!@<4!%,-3%$!C7>> -,+%!#$! C#$!+#$%!-,+%!#7-!#C!-3%!&%2$0!^%!,)!2(!,(-%;$2>!A2$-!#C!-3%!#A%$2-,#(!#C!-3%!(#(A$#C,-!#(! -3%!;$#7(9 2(9!)3#7>9!B%!,(5%(-,E,`%9!-#!)-2&!L,-3!-3%+0 "#(-,(7%!-#! A$#E,9%!C##9!)-,A%(9)!-#!-3%!C2+ ,>,%)!,(!-3%!#$;2(,`2-,#(8!2)!,-!32)!)3#L(!2! (7+B%$!#C!A#),-,E%!%CC%5-)!#(!-3%,$!L%>C2$%!,(!-3%!E,>>2;%0 =#57)!#(!-3%!A$#\%5-)!-32-!@<4!32)!#(;#,(;!2>$%29&8!#$!%E%(!-$,+!-3%+!9#L(!-#!B%! +#$%!)-$%2+>,(%9!,(!-3%!C7-7$%0!U3%!#$;2(,`2-,#(!,)!2-!$,)N!#C!)-$%-53 ,(;!,-)%>C!-##!-3,(!B&! -$&,(;!-#!9#!-##!+753 C#$!-##!+2(&!A%#A>%0 @<4!)3#7>9!9#!+#$%!$%)%2$53!,(-#!#-3%$!)+2>>!>,E%)-#5N!#A-,#()!C#$!C2+,>,%)!B%),9%)!A,;) i A%$32A)!53,5N%(!#$!;#2-)! i 2(9!3#L!-3%&!5#7>9!C%2),B>&!A$#E,9%!-3,)!)%$E,5%!-#!,-)! -2$;%-!A#A7>2-,# (0

PAGE 42

TI K$(B&,5*'". :$,%CC8!:>%M,)0!a/%+#5$2-,5!@%A7B>,5!#C!"#(;#.!K25N;$#7(9!2(9!F010!?#>,5&0b! !"#$%&''("#)*+ ,&'&)%-.+/&%0(-& 8!=%B$72$&!JRIT8!AA0!I JR0 K>#%+%(8!132(-320!a?$#-%5-,(;!#$A32()!2(9!E7>(%$2B>%!53,>9$%(!,(!-3%!/@!"#(;#0b! 123!456+ '2(72$&!JRRV0! 3--A.WWLLL07(,5%C0#$;W,(C#B&5#7(-$&W9$5#(;#vTPIRR03-+> 0 a"#(;#8!/%+#5$2-,5!@%A7B>,5!#C0b! 7.&+8"%*9+5)-:;""<+ JRIe IP0!Y2)3,(;-#(8!/".!"%(-$2>! G(-%>>,;%(5%!:;%(5&8!JRIP0! 3--A).WWLLL05,20;#EW>,B$2$&WA7B>,52-,#()W-3% L#$>9 C25-B##NW;%#)W5;03-+> 0 a/%+#5$2-,5!@%A7B>,5!#C!"#(;#.!]E%$E,%L0b! 7.&+8"%*9+=)#< 8!JRIP0!U3%!Y#$>9!K2(N!H$#7A8! JRIP0! 3--A.WWLLL0L#$>9B2(N0#$;W%(W5#7(-$&W9$5W#E%$E,%L 0 /$2(;,(,)8!^#>>&0!aH$2(9!U3%C-!H>#B2>.!?$#)%57-,(;!-3%!Y2$!"$,+%!#C!?,>>2;%!,(!-3%!/%+#5$2-,5! @%A7B>,5!#C!-3%!"#(;#0b! 4#">$.+?%"@&-: 8!'2(7 2$&!JRIX0! H>#B2>!Y,-(%))0!a@,E%$!#C!H#>9.! ^#L!-3%!1-2-%!<#)-!]7-!,(!2(!S2)-%$(!"#(;#!H#>9!K##+8!Y3,>%! :$+%9!H$#7A)8!2!=#$%,;(!4,(,(;!"#+A2(&!2(9!?$#E,(5,2>!:7-3#$,-,%)!?#5N%-%9! 4,>>,#()0b! A*";)*+8(:#&'' 8!'7>&!JRIe0 ^#53)53,>98!:92+0! B(#$+C&"D"*9E'+A."':F+ G+/:"%H+"I+A%&&96+7&%%"%6+)#9+J&%"('K+(#+!"*"#()*+ GI%(-)L =,$)-!42$,(%$!K##N)8!IVVV0 67%3$8!42(7%>2!S>,)2B%-30!a@L2(92d)!]$A32()! i "2$%!2(9!G(-%;$2-,#(!/7$,(;!F(5%$-2,(!U,+%)0b! /:);(*(:HF+3#:&%#):("#)*+M">%#)*+"I+/&->%(:H+)#9+N&0&*"DK&#: 8!TZI[.!JR8!AA0!I I X0

PAGE 43

TJ 67+2$2(8!47-37)2+,0!a]$;2(,`2-,#(2>!"2A25,-&!K7,>9,(;!Y#$N)3#A!C#$!GfHSf:S1!?2$-(%$!fH])! w?#L%$?#,(-x0b! 1#(0&%'(:H+"I+5*"%(9)6+N&D)%:K&#:+"I+5)K(*H6+O">:.6+)#9+!"KK>#(:H+ /-(&#-&' 8!JRIP0 <%`3(%E8!12)320!a:!"$,+,(2>!1-2-%.!F(9%$)-2(9,(;!2(9!"#7(-%$,(;!G() -,-7-,#(2>,`%9!"#$$7A-,#(! 2(9!j,#>%(5%!,(!-3%!/%+#5$2-,5!@%A7B>,5!#C!-3%!"#(;#0b! 4#">$.+?%"@&-: 8!/%5%+B%$! JRIe0 45SL2(8!?2-$,5N0!aG+A$#E,(;!<%2$(,(;!,(!?$,+2$&!153##>)!#C!/%E%>#A,(;!"#7(-$,%).!:!4%-2 :(2>&),)!#C!@2(9#+,`%9!SMA%$,+%(-)0b! ,&0(&P+"I+49>-):("# )*+,&'&)%-. 8!QXZO[8!AA0!OXO OVT0 45f2+2$28!S>,`2B%-3*!%-!2>0!a",-&!#C!@#)%+#(-!"#++7(,-&!H2$9%()!SE2>72-,#(!?$#A#)2>0b! ,&'(*(&#:+!"KK>#(:(&'+?%"@&-: 8!Q!/%5%+B%$!JRIT0 47$(2(%8!@,532$9!2(9!:>%\2(9$#!H2(,+,2( 0!aG+A$#E,(;!S9752-,#(2>!]7-5#+%)!,(!/%E%>#A,(;! "#7(-$,%).!<%))#()!C$#+!@,;#$#7)!SE2>72-,#()0b! 2):("#)*+=>%&)>+"I+4-"#"K(-+,&'&)%-. 8! '7>&!JRIT0! f`#(;#>2 f-2>2\28!H%#$;%)0! 7.&+!"#$"F+5%"K+C&"D"*9+:"+B);(*)L c%9!K##N)8!JRRJ0 @#))8!1,+#(2!42$,20!a"#(C>,5-!]$ A32()!,(!-3%!/%+#5$2-,5!@%A7B>,5!#C!-3%!"#(;#0b! !"%#&%':"#&+ A*";)* 8!JRIO0! 3--A.WWLLL05)-#(%;>#B2>05#+W5#(C>,5_ #$A32() ,( -3% 9%+#5$2-,5 $%A7B>,5 #C 5#(;#W 0

PAGE 44

TO U3%!1SS?!f%-L#$N0!a<%2$(,(;!C$#+!">,%(-).!:))%))+%(-!U##>)!C#$!4,5$#C,(2(5%!?$25-,-,#(%$)0b! G''&''(#$+:.&+3KD)-:+"I+Q(-%"&#:&%D%('&+/&%0(-&' 8!'2(72$&!JRRR0! 3--A.WWA9C07)2,90;#EWA9Cv9#5)W?(25\IOQ0 A9C 0 FfG"S=0!a "#(;#8!/%+#5$2-,5!@%A7B>,5!#C0b 123!45 8!JT!/%5%+B%$!JRIO0! 3--A).WWLLL07(,5%C0#$;W,(C#B&5#7(-$&W9$5#(;#v)-2-,)-,5)03-+> 0 F1:G/ 0!a f%LB#$(!^%2>-3!,(!/%+#5$2-,5!@%A7B>,5 #C!"#(;# 0b! 1/G3N 8! I Q!42&!JRIQ0 3--A).WWLLL07)2,90;#EW25-,(;#(-3%52>>W)-#$,%)W9$5 0 Y=?0!a/%+#5$2-,5!@%A7B>,5!#C!-3%!"#(;#0b! 8"%*9+5""9+?%"$%)KK& 8!JRIQ0! 3--A.WWLLLI0LCA0#$;W5#7(-$,%)W9%+#5$2-,5 $%A7B>,5 5#(;# 0 Y^]0! a 42-%$(2>!+#$-2>,-&!,(!IVVR JRIX 0b! 8JR6+123!456+125?G6+8"%*9+=)#<+A%">D6+)#9+ 1#(:&9+2):("#'+?"D>*):("#+N(0('("#+Q):&%#)*+Q"% :)*(:H+4':(K):("#+3#:&% S G$&#-H+A%">D 8! JRIX0! LLL0L3#0,(-W;3#W+2-%$(2>v3%2>-3W5#7(-$,%)W5#90A9C 0 !

PAGE 45

TT :%%";,<=, 3)(>"9,?)"&'*$%& U+0%#,.301#+ I0 ^#L!>#(;!32E%!!B%%(!L#$N,(;!L,-3!@<4u J0 :$%!!C$#+!<7L,(9\28!#$!9,9!!+#E%!3%$%!C$#+!)#+%L3%$%!%>)%u 20 GC!!+#E%9!3%$%8!L3%(!9,9!!+#E%u B0 Y3&u O0 :$%!!57$$%(->&!25-,E%!,(!2(&!#-3%$!9%E%>#A+%(-!,(-%$E%(-,#()!#$!A$#;$2+)!B%),9%)! -3#)%!9#(%!B&!@<4u 20 Y32-!2$%!-3%&u >.0%101#+*&+,*5#.6"(#/,* ?.''#%0 K%C#$%!-3%!@<4!A$#;$2+!B%;2(. I0 :B#7-!3#L!#C-%(!A%$!L%%N!9,9!A%#A>%!5#+%!B&!$!3#7)%!-#!2)N!C#$!5##N,(;! )7AA>,%)u 20 f#Lu J0 ](!2!)52>%!#C!I!Z(#-!9,CC,57>-[!-#!X!Z+#)-!9,CC,57>-[8!3#L!9,CC,57>-!L2)!,-!-#!+%%-!$! 3#7)%3#>9d)!(7-$,-,#(2>!(%%9)u 20 f#Lu O0 ^#L! L#7>9!!$2-%!-3%!+%9,52>!5#E%$2;%!-32-!@<4!A$#E,9%)!C$#+!I!Z(#-!;##9!2-!2>>[! -#!X!ZE%$&!;##9[u 1-$75-7$%!#C!q7%)-,#().

PAGE 46

TX Z1#7$5%.!F1:G/8!JRRP[ U#-2> G(!A2)-!C#7$!L%%N)8!L#$$,%9!-32-!3#7)%3#>9!L#7>9!(#-!32E%!%(#7;3!C##9 ^#7)%3#>9!+%+B%$!L2)!(#-!2B>%! -#!%2-!-3%!N,(9)!#C!C##9!-3%&!A$%C%$!B%527)%!#C!>25N!#C! $%)#7$5%) ^#7)%3#>9!+%+B%$!329!-#!%2-!>,+,-%9!E2$,%-&!#C!C##9!97%!-#!>25N!#C!$%)#7$5%) ^29!-#!%2-!)+2>>%$!#$!C%L%$!+%2>)!-32(!(%%9%9 ^29!-#!)N,A!+%2>)!B%527)%!-3%$%!L2)!(#-!%(#7;3!C##9 :E%$2;% #C!2>>!2B#E%!E2$,2B>%) ^=G:1!15#$%yy yyU3%!^#7)%3#>9!=##9!G()%57$,-&!:55%))!152>%!Z^=G:1[!7)%)!-3%!)2+%!C,E%!E2$,2B>%)!$%>2-%9!-#!C##9!)%57$,-&!-32-! 2$%!9,)A>2&%9!,(!$#L)!I X!,(!-3,)!-2B>%8!B7-!,()-%29!#C!2!),+A>%!&%)W(#!2()L%$8!2! C$%D7%(5& #C #557$$%(5%!C#$! A#),-,E%!2()L%$)!,)!$2-%9!#(!2!I O!)52>%!ZIz$2$%>&8!Jz)#+%-,+%)8!Oz#C-%([0!U37)8!-3%!+2M,+7+!A#)),B>%!)5#$%!Z+#)-! C##9!,()%57$%[!,)!IX8!2(9!-3%!>#L%)-!A#)),B>%!)5#$%!Z>%2)-!C##9!,()%57$%[!,)!R0

PAGE 47

Te Z1#7$5%.!1SS?!f%-L#$N8!JRRR[ 2,.3&01#+ I0 f7+B%$!#C!53,>9$%(. 20 ^#L!+2(&!N,9)!9#!!32E%!,(!-3%!3#7)%!(#L8!-32-!!)7AA#$-u B0 ^#L!+2(&!2$%!,(!)53##>u 50 ^#L!+2(&!9#%)!@<4!)7AA#$-u J0 ^#L!,+A#$-2(-!,)!%9752-,#(!-#!u

PAGE 48

TP O0 K%C#$%!-3%!@<4!A$#;$2+8!3#L!9,CC,57>-!L2)!,-!-#!A2&!2>>!#C!-3%!2))#5,2-%9! 5#)-)!L,-3! )53##>,(;!Z<,N%$-.!I X8!X!B%,(;!+#)-!9,CC,57>-[u 20 f#Lu T0 ^#L!#C-%(!9#!$!@<4!53,>9$%(!+,))!)53##>u 20 <%))!-32(!O!-,+%)!2!)%+%)-%$ B0 O X!-,+%)!2!)%+%)-%$ 50 4#$%!-32(!X!-,+%)!2!)%+%)-%$ X0 ^#L!#C-%(8!#(!2E%$2;%8!A%$!)%+%)-%$!9#!$!(#( @<4!53,>9$%(!+,))!)5 3##>!B%527)%!! 52((#-!A2&!C#$!-3%+u 20 <%))!-32(!2!L%%N!Z{PM[ B0 K%-L%%(!2!L%%N!2(9!2!+#(-3!ZPM! i ORM[ 50 4#$%!-32(!2!+#(-3!Z|ORM[ 90 "2(d-!A2&!2-!2>>W9#!(#-!;# %0 "3,>9$%(!-##!(;W#>9!C#$!)53##>W#-3%$L,)%!52((#-!2--%(9 -1$*;13%#71+&+3" K%C#$%!!L%$%!%($#>>%9!,(!-3 %!+,5$#C,(2(5%!A$#\%5-. I0 ^#L!+753!9,9!!N(#L!2B#7-!$7((,(;!2!B7),(%))8!#(!2!)52>%!C$#+!I!-#!X!ZI!B%,(;!E%$&! >,-->%8!X!B%,(;!2!>#-[u 20 f#L8!2C-%$!-3%!A$#;$2+u J0 ^#L!5#+C#$-2B>%!L#7>9!!32E%!B%%(!B%C#$%!-3%!A$#\%5-!L,-3!32E,(;!$!#L(! B7),(%))!#(!2!)52>%!C$# +!I!-#!Xu 20 :C-%$!-3%!A$#\%5-u

PAGE 49

TQ O0 ^#L!+753!9#!!)A%(9!#(!$2,),(;!A,;)!C#$!-3%!A$#;$2+!L%%N>&u "#)-)!Y%%N>&!Zg[ =##9!2(9!Y2-%$ S(5>#)7$%!42,(-%(2(5% j%-%$,(2$& T0 K%C#$%!-3%!@<4!A,;!A$#\%5-8!3#L!32$9!L2)!,-!-#!C,(9!+2(7$%!C#$!$!;2$9%(u!Z<,N%$-.!I X8!X B%,(;!+#)-!9,CC,57>-[ X0 =$#+!I X!ZX!B%,(;!-3%!+#)-!9,CC,57>-[8!3#L!9,CC,57>-!,)!,-!C#$!$!C2+,>&!-#!A2&!-3%!5#)-)!#C! $%2$,(;!-3%!A,;)u e0 Y32-!9#!!C%%9!-3%!A,;)u 20 ^#L!#C-%(u P0 ^2E%!!%E%$!(%%9%9!-#!A2&!C#$!3%>A!C#$!2!),5N!A,;u 20 j%-u ,0 ^#L!9,9!!C,(9!2!E%-%$ ,(2$,2(u B0 4%9,5,(%u ,0 ^#L!9,9!!;%-!-3%!+%9,5,(%u Q0 ^#L!9#!!3#7)%!-3%!A,;)u 20 /,9!!B7,>9!2(!%(5>#)7$%!$)%>Cu B0 ^#L!+753!9,9!-3%!%(5>#)7$%!5#)-u 50 /#!!32E%!-#!+2,(-2,(!-3%!%(5>#)7$%!#(!$!#L(u

PAGE 50

TV V0 /#!!%E%$!>#)%!A,;)!-#!9,)%2)%!#$!),5N(%))u 20 ^#L!+2(&u IR0 /#! !)%>>!2>>!#C!-3%!A,;)!!$2,)%8!;,E%!-3%!A,;>%-)!B25N!-#!@<48!#$!9#!!%2-!)#+%!#C! -3%+u 20 @<4 B0 S2! 50 1%>> 90 ?,;)!2>>!9,%9W(#-!#>9!%(#7;3W#-3%$L,)%!7(2B>%!-#!9#!2(&-3,(;!L,-3!-3%+ II0 GC!2()L%$!-#!D7%)-,#(!IR!,)!Z5[!)%>>. 20 ^#L!9#!!9%-%$+,(%!-3%!A$,5%!-#!)%>>!& #7$!A,;)!2-u B0 Y3#!9#!!)%>>!-3%+!-#u!Z@<48!G(-%$+%9,2$&8!2-!+2$N%-8!%-50[ 50 ^#L!9,CC,57>-!,)!,-!-#!C,(9!2!B7&%$!Z<,N%$-.!I X8!X!B%,(;!-3%!+#)-!9,CC,57>-[ IJ0 ^2E%!!%E%$!;,E%(!A,;)WA,;>%-)!B25N!-#!-3%!A$#;$2+u 20 GC!&%)8!3#L!+2(&u =#44.+10)*C"&3(1+$*!&%,"+ I0 ^#L! +753!#C!L32-!!%2-!#(!2(!2E%$2;%!L%%N!5#+%)!C$#+. "#++7(,-&!H2$9%(! ^#+%!H2$9%( 42$N%!

PAGE 51

XR J0 /#!!)32$%!-3%!C##9!!;$#Lu! 20 /#!!%E%$!)32$%!L,-3!A%#A>%!!9#!(#-!N(#Lu O0 /#%)!%E%$&#(%!,(!@<4!)3#L!7A!-#!-3%!;2$9%(!2(9!9#!%(#7;3!L#$N!C#$!,-!-#!B%! C2,$u T0 /#!!32E%!2!;2$9%(!2-!3#+%!2)!L%>>u X0 /#!!C%%>!2)!-3#7;3!!32E%!2>>!#C!-3%!-3,(;)!!(%%9!C#$!2!)755%))C7>!;2$9%(u 1%%9) ^#% 42(7$% :)3WG()%5-,5,9% e0 /#!!)%>>!)#+%!#C!$!A$#975%!#$!%2-!2>>!#C!,-u 20 ^#L!+753!9#!!)%>>u ,0 <%))!-32(! JXh ,,0 JXh!-#!XRh ,,,0 4#$%!-32(!XRh B0 Y3%$%!9#!!)%>>!,-u 50 ^#L!9#!!9%-%$+,(%!-3%!A$,5%u 90 /#!!%E%$!32E%!-$#7B>%!C,(9,(;!)#+%#(%!-#!B7&!$!5$#A)u ,0 f#

PAGE 52

XI ,,0 }%)8!2B#7-!r!#C!-3%!-,+% ,,,0 }%)8!2B#7-!r!-#!s!#C!-3%!-,+% ,E0 }%)8!+#$%!-32(!s!-3%!-,+% P0 =$#+!I X8!3#L!+753!9,9!!N( #L!2B#7-!;2$9%(,(;!2(9!;$#L,(;!$!#L(!C##9!B%C#$%! -3%!@<4!5#++7(,-&!;2$9%(!A$#\%5-u!ZX!B%,(;!~N(%L!2!>#-8!I!B%,(;!~N(%L!E%$&!>,-->%d[ 20 f#Lu !