Citation
From field to table

Material Information

Title:
From field to table men's participation in nutrition decision-making in agrarian households of Western Honduras
Creator:
Homewood, Breton ( author )
Publication Date:
Language:
English
Physical Description:
1 online resource (59 pages) : illustrations ;

Subjects

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

Notes

Abstract:
A small Central American country, Honduras has seen pressures from the outside world exacerbate their internal strife in recent years. Honduras in recent decades has struggled with increased climate change-intensified storms and droughts, increases in violence, and high levels of poverty, all of which contribute to a pervasive nutritional deficiency. In response to Honduras and many other countries around the world facing these challenges, the sustainable development goals (SDGs) were set forth by the United Nations in 2014 outlining a basic plan of action that most development agencies closely follow. The action plans of the SDGs that this research supported are zero hunger, no poverty, and gender equality (UN, 2019). This study investigates gender, nutrition, and agriculture in Western Honduras. This report's purpose is to provide data to the United States Agency for International Development (USAID) to inform their ongoing work in Western Honduras. The project, funded under the USAID program, "Integrating Gender and Nutrition within Agricultural Extension Services" (INGENAES), conducted research through surveys and focus groups in communities near Santa Rosa de Copán, Copán and Gracias, Lempira in Western Honduras. Investigations revealed that nutritional workshops were generally well received by men and women and pointed to gaps for improvement. Qualitative data revealed the severity of a drought affecting the region; while this issue was not an intended focus of this research, it provided relevant insight to recommendations for future workshops.
Bibliography:
Includes bibliographical references.
General Note:
Major departments: Latin American Studies, African Studies.
General Note:
Major: Sustainable Development Practice.
General Note:
Advisor: Tucker, Catherine.
General Note:
Co-advisor: Williams, Rebecca.
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 Breton Homewood.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
036874627 ( ALEPH )
Classification:
LD1780.1 2019 ( lcc )

Downloads

This item is only available as the following downloads:


Full Text



PAGE 1

! !! !"#$%!"&'()!*$!+,-('.!/'012!3,#*&4&5,*&$0! &0!67*#&*&$0!8'4&2&$0 9 /,:&0;!&0!<;#,#&,0! =$72'>$()2!$?!@'2*'#0!=$0)7#,2!!-A !B#'*$0!=$%'C$$) <5#&(!DE!FGHI !<)J&2$#A!K$%%&**''. !K,*>'#&0'!+74:'#E!3>L8LE!K>,&# M'-'44,!@&((&,%2E!3>L8LE!K$ 9 K>,&# !! ! !'!/,2*'#!$?! N72*,&0,-('!8'J'($5%'0*!3#,4*&4'!,*!*>'!O0&J'#2&*A!$?!"($#&),

PAGE 2

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

PAGE 3

_ !+,-('!$?!K$0*'0*2 !![&2*!$?!"&;7#'2 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! \ <-2*#,4* LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! D Q0*#$)74*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! D K$0*'U*7,(!`J'#J&'C!,0)!B,4:;#$70) LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! a W'$;#,5>A!,0)!3$57(,*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! ^ K>,0;&0;!K(&%,*'!,0)!6,*7#,(!8&2,2*'#2 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! I 67*#&*&$0!,0)!<;#&47(*7#,(!b4$0$%A! LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! I "'')!*>'!"7*7#' LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! HF ON$()!8'4&2&$02! LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! HI "$$)!N'47#&*A!,0)!67*#&*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! FG /,#:'*2!,0)!K(&%,*'!K>,0;' LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! FF /'*>$)$($;A LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! F_ N7#J'A!N,%5(' LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! F\ "$472!W#$752 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! FD M'27(*2!,0)!<0,(A2&2 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! Fa 8&24722&$0! LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! _\ K$04(72&$02 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! _^ M'4$%%'0),*&$02 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! \G B&-(&$;#,5>A LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! \_ <55'0)&U!
PAGE 4

\ ![&2*!$?!"&;7#'2 !"&;7#'!HL!/,5!$?!=$0)7#,2!fO0&*')!6,*&$02E!FGG\g LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! e "&;7#'!FL!''2'E!';;2E! 5(,0*,&02!,0)!*$#*&((,2 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! HG "&;7#'!_L!K>,0;'!&0! K$??''!3#$)74*&$0!?#$%!HII\! h FGHa LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! HH "&;7#'!\L!N&U!8'5,#*%'0*2!&0!@'2*'#0!=$0)7#,2!4$%5#&2&0;!*>'! "'')!*>'!"7*7#'!c$0'!$?!Q0?(7'04' LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! H_ "&;7#'!DL!/,5!Q((72*#,*&0;!K'0*#,(!<%'#&4,0!8#A!K$##&)$# LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! H\ "&;7#'!aL!ON&()>$$)!N*70*&0;!/,5!$?!@'2*'#0!=$0)7#,2 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! FG "&;7#'!IL!N*7)A!,#',2!fM')!,0)!37#5('!c$0'2!&0)&4,*'!K$5i0! ,0)!['%5&#,!#'25'4*&J'(Ag LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! F_ "&;7#'!HGL!K$%%70&*A!,0)!2&*'!($4,*&$02!&0! K$5i0!,0)!['%5&#, LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! F\ "&;7#'!HHL!b)74,*&$0!['J'(2!$?!N7#J'A')!M'25$0)'0*2E!/,('!,0)!"'%,(' LLLLLLLLLLLLLLLLLLLLLL! Fa "&;7#'!HFL!"$$)2!W#$C0!?$#!",%&(A!K$027%5*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! F^ "&;7#'!H_L!8'4&2&$0 9 %,:&0;!$0!K#$52!W#$C0!?$#!/,#:'* LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! Fe "&;7#'!H\L!8'4&2&$0 9 %,:&0;!$0!K#$52!W#$C0!?$#!",%&(A!K$027 %5*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLL! Fe "&;7#'!HDL!3'#4'5*&$0!$?!?,%&(A!07*#&*&$0 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! _G "&;7#'!HaL!Q0*'#'2*!&0!@$#:2>$5!<**'0),04' LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL _H "&;7#'!H^L!<;#&47(*7#,(!@$#:2>$5!<**'0),04'!-A!W'0)'# LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! _H "&;7#'!HeL!67*#&*&$0,(!@$#:2>$5!<**'0),04'!-A!W'0)'# LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! _F "&;7#'!HIL!W'0)'#')!j&'C2!$0!R0$C(');'!W,& 0')!&0!67*#&*&$0!@$#:2>$52 LLLLLLLLLLLLLLLLLLL! _F "&;7#'!FGL!=$C!/74>!/'0!k!@$%'0!"'(*!+>'A![',#0')!&0!@$#:2>$52 LLLLLLLLLLLLLLLLLLLLLLLL! __

PAGE 5

D !<-2*#,4* !,2!2''0!5#'227#'2!?#$%!*>'!$7*2&)'!C$#()! 'U,4'#-,*'!*>'&#!&0*'#0,(!2*#&?'!&0!#'4'0*!A',#2L!=$0)7#,2!&0! #'4'0*!)'4,)'2!>,2!2*#7;;(')!C&*>! &04#',2')!4(&%,*'!4>,0;' 9 &0*'02&?&')!2*$#%2!,0)!)#$7;>*2E!&04#',2'2!&0!J&$('04'E!,0)!>&;>!('J'(2! $?!5$J'#*AE!,((!$?!C>&4>!4$0*#&-7*'!*$!,!5'#J,2&J'!07*#&*&$0,(!)'?&4&'04AL!Q0!#'25$02'!*$!=$0)7#,2! ,0)!%,0A!$*>'#!4$70*#&'2!,#$70)!*>'!C$#()!?,4&0;!*>'2'!4>,(('0;'2E!*>'!272*,&0,-('! )'J'($5%'0*!;$,(2!fN8W2g!C'#'!2'*!?$#*>!-A!*>'!O0&*')!6,*&$02!&0!FGH\!$7*(&0&0;!,!-,2&4!5(,0!$?! ,4*&$0!*>,*!%$2*!)'J'($5%'0*!,;'04&'2!4($2'(A!?$(($CL!+>'!,4*&$0!5(,02!$?!*>'!N8W2!*>,*!*>&2! #'2',#4>!2 755$#*')!,#'!S'#$!>70;'#E!0$!5$J'#*AE!,0)!;'0)'#!'T7,(&*A!fO6E!FGHIgL!+>&2!2*7)A! &0J'2*&;,*'2!;'0)'#E!07*#&*&$0E!,0)!,;#&47(*7#'!&0!@'2*'#0!=$0)7#,2L!+>&2!#'5$#*12!57#5$2'!&2!*$! 5#$J&)'!),*,!*$!*>'!O0&*')!N*,*'2!<;'04A!?$#!Q0*'#0,*&$0,(!8'J'($5%'0*!fON'&#! $0;$&0;!C$#:!&0!@'2*'#0!=$0)7#,2L!+>'!5#$P'4*E!?70)')!70)'#!*>'!ON&0!<;#&47(*7#,(!bU*'02&$0!N'#J&4'2Z fQ6Wb6! *>#$7;>!27#J'A2!,0)!?$472!;#$752!&0!4$%%70&*&'2!0',#!N, 0*,!M$2,!)'!K$5i0E!K$5i0!,0)! W#,4&,2E!['%5&#,!&0!@'2*'#0!=$0)7#,2L!Q0J'2*&;,*&$02!#'J',(')!*>,*!07*#&*&$0,(!C$#:2>$52!C'#'! ;'0'#,((A!C'((!#'4'&J')!-A!%'0!,0)!C$%'0!,0)!5$&0*')!*$!;,52!?$#!&%5#$J'%'0*L!d7,(&*,*&J'! ),*,!#'J',(')!*>'!2'J'#&*A!$?!,!)#$7;>*!,??'4*&0;!*>'!#';&$0l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

PAGE 6

a ?$472'2!$0!,!5'#25'4*&J'!$?!?,%&(A!07*#&*&$0!*>#$7;>!*>'!('02!$?!%'012!#$('2!&0!2>,5&0;!)'4&2&$02! ,0)!$7*4$%'2L +>#$7;>!*>'!?70)&0;!,0)!?$47 2!$?!*>'!O0&*')!N*,*'2!<;'04A!?$#!Q0*'#0,*&$0,(!8'J'($5%'0*! fON!*$!'U5($#'!,0!,25'4*!$?!47(*7#,((A 9 2>,5')!;'0)'#!0$#%2!&0!@'2*'#0! =$0)7#,2L!/74>!C$#:!&2!-'&0;!)$0'!*$!2*#'0;*>'0!C$%'012!J$&4'2!,0)!5,#*&4&5,*&$0!#'(,*')!*$! ?$$)!,0)!07*#&*&$0L!Q!>,)!,!70&T7'!$55$#*70&*A!*$!(',#0!%$#'!,-$7*!>$C!%'0!&0?(7'04'!?,%&(A! 07*#&*&$0!*>#$7;>!ON$72'>$()2!&0!=$0)7#,2L K$0*'U*7,(!`J'#J&'C!,0)!B,4:;#$70) !3#' 9 4$($0&,(!=$0)7#,2!C,2!$4475&')!-A!)&J'#2'!&0)&;'0$72!5$57(,*&$02L!O5$0!*>'!,##&J,(!$?! ='#0,0!K$#*'2!&0!HDFDE!*>'!,#',!?'((!70)'#!N5,0&2>!#7('E!C>&4>!5'#2&2*')!70*&(!HeFHL!"$(($C&0;! &0)'5'0)'04'!?#$%!N5,&0E!=$0)7#,2!%,&0*,&0')!&*2!,;#&47(*7#,(!'4$0$%A!, 0)!-'4,%'!:0$C0!,2! ,!Y-,0,0,!#'57-(&4Z!)7#&0;!*>'!',#(A!HIGG2!f/'##&((E!HIIDgL!+>'!(,2*!4'0*7#AE!>$C'J'#E!>,2! -#$7;>*!,0!&04#',2'!&0!J&$('04'E!C>&4>!&%5,4*2!2,?'*A!,0)!*#,J'(!*$!,0)!?#$%!J&((,;'!4'0*'#2!,2! C'((!,2!&0!4&*&'2L! `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f@$#()!B,0:E!FGHegL! =$0)7#,2!>,2!'0)7#')!&0!#'4'0*!>&2*$#A!,0!'4$0$%&4!#'2*#74*7#&0;!&0!(,#;'!5,#*!?#$%!*>'!*&*(&0;! (,0)!#'?$#%2! &%5('%'0*')!&0!&*2!(,C2!&0!HIeFL!+>'!(,0)!*&*(&0;!5#$P'4*E!0,%')!$??&4&,((A!,2!Y'(! 3#$A'4*$!)'!+&*7(,4&m0!)'!+&'##,!5,#,!($2!3'T7'n$2!3#$)74*$#'2EZ!C,2!&%5('%'0*')!C&*>!*>'!

PAGE 7

^ >'(5!$?!ON'(5!?,#%'#2!$-*,&0!-'**'#!,44'22!*$!4#')&*E!C>&('!&%5#$J &0;! ,;#&47(*7#,(!5#$)74*&$0!fV,02'0!k!M$T7,2E!HIIegL!+>'!(,0)!*&*(&0;!5#$P'4*E!C>&('!>,J&0;!*>'! &0*'0)')!;$,(2!$?!>'(5&0;!*>'!&0)&J&)7,(!#7#,(!?,#%&0;!?,%&(AE!,55',#2!*$!>,J'!?#,;%'0*')! =$0)7#,0!4$%%70&*&'2!C>&('!&%5$2&0;!$7*2&)'!C'2*'#0 9 )'?&0')!(,0)!#&;>* 2!$0!5#'J&$72(A! 4$%%70,( (A 9 )'?&0')!&)',2!$?!$C0'#2>&5!,0)!2>,#&0;L![,0)!72,;'!#,5&)(A!*#,02?$#%')!?#$%!,! 4$%%70&*A 9 $#&'0*') ?,#%&0;!2*#,*';AE!*$!,0!&0)&J&)7,(&2*&4E!?,%&(A 9 $C0')!2A2*'%!>',J&(A! #';7(,*')!-A!*>'!;$J'#0%'0*!fV,02'0!k!M$T7,2E!HIIegL!+>'2'!(,C2 4$%5'((')! 4,24,)&0;! 4>,0;'2!C&*>&0!*>'!4$%%70&*&'2!$?!*>&2!2*7)AE!,0)!2>,5')!>$72'>$()!)'4&2&$0 9 %,:&0; C&*>! #,%&?&4,*&$02!?$#! ;'0)'#!#$('2E!07*#&*&$0E!,0)!,;#&47(*7#,(!5#,4*&4'2L Q0!HIIF!=$0)7#,2!'0,4*')!,0!,;#&47(*7#,(!)'J'($5%'0*!#'?$#%E![,!/$)'#0&S,4&m 0!A!'(! 8'2,##$(($!)'(!N'4*$#!<;#o4$(,!f[/8N'!(,C &0*'0)') *$!?,J$#!5$$#!(,0)!$C0'#2 C>&('! ?$2*'#&0;!%$)'#0&S,*&$0! $?! *>'! ,;#&47(*7# ,(! 2'4*$#!,0) &04(7) ')!#'4$;0&*&$0!$? (,0)!$C0'#2>&5! #&;>*2!?$#!C$%'0!fM$C(,0)2E!HII^gL +#,)&*&$0,((AE!*>#$7;>$7*!&*2!> &2*$#AE!=$0)7#,2!#'(&')!$0!,;#&47(*7#,(!5#$)74*&$0!,0)!*#,)'! 5#&%,#&(A!&0!?#7&*2E!(')!-A!-,0,0,2!,0)!5(,0*,&02L!Q0!*>'!FH2*!4'0*7#AE!=$0)7#,21!,;#&47(*7#,(! '4$0$%A!2>&?*')!C&*>!;#$C&0;!4$??''!'U5$#*2L!+$),AE!4$??''!)$%&0,*'2!*>'!4$70*#A12! ,;#&47(*7#'!'U5$# *2!,*!0',#(A!_G!5'#4'0*E!C>&('!?#7&*2!4$%-&0')!%,:'!75!,-$7*!HD!5'#4'0*!$?!&*2! 'U5$#*2!fO6E!FGHagL!K$??''12!&%5$#*,04'!&0!*>'!=$0)7#,0!'4$0$%A!&2!2*#$0;!0$C!*>,*!=$0)7#,2! >,2!-'4$%'!*>'!2&U*>!(,#;'2*!'U5$#*'#!&0!*>'!C$#()!fON8!?$7#!)&2*&04*!#';&$02.!C'2*'#0!%$70*,&02E!4'0*#,(! >&((2!,0)!5(,&02E!*#$5&4,(!0$#*>!4$,2*E!,0)!*>'!',2*'#0!#,&0?$#'2*L! f"&;7#'!Hg! /$2*!=$0)7#,02!(&J'! &0!*>'!C'2*'#0!&0*'#&$#!#';&$0!$?!*>'!4$70*#A!fW-$#&0;!4$70*#&'2!f"<`E!FGHDgL!Q*!&2!*>$7;>*!*>,*!2$%'!aG!5'#4'0*!$?!*>'!5$57(,*&$0!$?! =$0)7#,2!(&J'2!&0!5$J'#*A E!C&*>!,#$70)!F_!5'#4'0*!$?!*>'!4>&()#'0!27??'#&0;!?#$%!%,(07*#&*&$0! fON
PAGE 8

e !"&;7#'! H L!/,5!$?!=$0)7#,2!fO0&*')!6,*&$02E!FGG\g !! +C$9 *>&#)2!$?!#7#,(!>$72'>$()2!&0!=$0)7#,21!%$70*,&0$72!#';&$0!$C0!('22!*>,0!2'J'0!>'4*,#'2! $?!(,0)E!,0)!*>'2'! >$72'>$()2!#'5#'2'0*!2$%'!$?!*>'!5$$#'2*!5$57(,*&$02!&0!*>'!4$70*#AL! Q0?#,2*#74*7#'!)'J'($5%'0*!&0!=$0)7#,2! h 274>!,2!#$,)2E!-#&);'2E!,0)!5$#*2! h &2!4$04'0*#,*')! ,($0;!*>'!4$,2*2 E! 5(,&02 ,0)!4'0*#,(!J,(('A2 E!(',J&0;!*>'!%$70*,&0$72!#';&$0!C&*>$7*!',2A!,44' 22! *$!7#-,0!,#',2L!+>'!(,4:!$?!&0*'#0,(!&0?#,2*#74*7#'!(',J'2!%,0A!#7#,(!27-2&2*'04'!?,#%'#2!C&*>! (&%&*')!,44'22!*$!')74,*&$0E!4(',0!C,*'#E!,0)!,44'22!*$!%,#:'*2!fN,((A!'*!,(E!FGHFgL =$0)7#,2!&2!0$*!70&T7'!&0!&*2!*#'0)2!*$C,#)!7#-,0&S,*&$0E!C>&4>!>,2!)#,%, *&4!2$4&,(E!'4$0$%&4E! 07*#&*&$0,(E!,0)!,;#&47(*7#,(!&%5,4*2!$0!*>'!4$70*#A2&)'L!'! 5'#&$)!$?!FGGH!*$!FGH\!&0)&4,*'2!,!*#'0)!&0!*>'!5$57(,*&$012!%$J'%'0*!*$C,#)!*>'!(,#;'! =$0)7#,0!4&*&'2!$?!+';74&;,(5,!,0)!N,0!3')#$!N7(,!f6 ;7A'0 9 +>,0!'*!,(E!FGHagL! O2&0;! %$)'#0! 2,*'((&*'!*'4>0$($;A!,0)!;#$70)!%,55&0;E!6;7A'0 9 +>,0!'*!,(!fFGHag!'U,%&0') *>'!$J'#,((! ;#$C*>!$?!5$57(,*&$02!C&*>&0!*>'!=$0)7#,0!4&* A!$?!+';74&;,(5, ,*!,!__!5'#4'0*!&04#',2' C>&('! ,(2$!%,55&0;!4$##'25$0)&0;!5$57(,*&$0!)'4(&0'!&0!*>'!4$70*#A2&)'L!

PAGE 9

I 2(&+$1+$*2/13&0"*&+,*4&0.%&/*516&60"%6 M7#,(!&0?#,2*#74*7#'!>,2!27??'#')!&0!#'4'0*!)'4,)'2!?#$%!0,*7#,(!)&2,2*'#2!,0)!4>,0;&0;!4(&%,*'! 5,**'#02L!=7##&4,0'2! >,J'!-''0!*>'!C$#2*!0,*7#, (!)&2,2*'#2!&0!#'4'0*!=$0)7#,0!>&2*$#AL!Q0!HI^\E! %$#'!*>,0!eEGGG!5'$5('!C'#'!:&((')!-A!=7##&4,0'!"&?&E!C>&4>!,(2$!C,2!#'25$02&-('!?$#!*>'! )'2*#74*&$0!$?!0',#(A!*>'!'0*&#'!-,0,0,!4#$5!&0!*>'!4$70*#A!f/&4>,'(!k!8,('E!FGGGgL +C$! )'4,)'2!(,*'#!C>&('!2*&((!#'4$ J'#&0;!?#$%!2'*-,4:2!4,72')!-A!"&?&E!,0!'J'0!%$#'!5$C'#?7(! 4,*';$#A!D!>7##&4,0'!>&*!=$0)7#,2!:&((&0;!,0!'2*&%,*')!DEaGG!5'$5('!fO0&*')!6,*&$02E!HIIegL!! =7##&4,0'!/&*4>!*$$:!,!>',JA!*$((!$0!=$0)7#,0!&0?#,2*#74*7#'E!4,72&0;!%$#'!*>,0!pF!-&((&$0! )$((,#2!$?!), %,;'!fO0&*')!6,*&$02E!HIIeg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fK,#*'#E!'*!,(E!FGGagL '#!5,**'#0!,22$4&,*')!C&*>!*>'!b(!6&n$!5>'0$%'0$0!$447##')!?#$%!FGH\! *$!FGH^E!4,72&0;!)#$7;>*2!&0!?$7#!4$70*#&'2!$?!K'0*#,(!<%'#&4,E!&04(7)&0;!=$0)7#,2 L 3',:! )#$7;>*!5'#&$)2!4$& 04&)')!C&*>!*>'!%$2*!4#&*&4,(!5'#&$)!?$#!4$#0!,0)!-',0!5#$)74*&$0E!4,72&0;! 2&;0&?&4,0*!4#$5!($22'2! *>,*! &%5,4* ')! ?,%&(A!4$027%5*&$0! h ,2!%74>!,2!DG *$! IG!5'#4'0*!$?!4#$52! C'#'!($2*!f"<`E!FGHagL!87#&0;!*>'!4$7#2'!$?!%A!#'2',#4>E!%,0A!?,#%'#2!Q!&0*'#J&'C')!) '24#&-')! )#$7;>*!,2!,!(,#;' 9 24,('E!$0;$&0;!5#$-('%L 4.0%101#+*&+,*7$%18./0.%&/*98#+#3)* +>'! %,&0! '4$0$%&4 ,4*&J&*&'2!$?!=$0)7#,2E!$04'!4'0*'#')!$0!,;#&47(*7#'E!>,J'!2>&?*')!*$!*'U*&('E! %&0&0;!,0)!$*>'#!%,07?,4*7#&0;E!#'5#'2'0*&0;!,-$7*!eG!5'#4'0*!$?!*>'!;# $22!)$%'2*&4!5#$)74*L! [&J'2*$4:E!4$??''E!%,&S'E!,0)!*$-,44$!,#'!,%$0;!*>'!4>&'?!,;#&47(*7#,(!'U5$#*2!?#$%!*>&2!#';&$0E! C>&4>!0$C!#'5#'2'0*!$0(A!,-$7*!FG!5'#4'0*!$?!*>'!W83!fO6E!FGHagL!8'25&*'!*>'!)'4(&0&0;! &%5$#*,04'!$?!*>'!=$0)7#,0!,;#&47(*7#,(!2'4*$#E!%, 0A!$?!*>'!5'$5('!(&J&0;!&0!*>'!4$70*#A2&)'!

PAGE 10

HG 2*&((!#'(A!$0!,;#&47(*7#'!?$#! >$72'>$() 4$027%5*&$0!,2!C'((!,2!?$#!&04$%'!;'0'#,*&$0!*$!57#4>,2'! ?$$)2!,0)!$*>'#!0'4'22&*&'2L! Q0!%A!$-2'#J,*&$02!&0!*>'!)'5,#*%'0*!$?!['%5&#,E!*$#*&((,2E!#'?#&')!-',02!,0)!4$??''!? #'T7'0*(A! %,)'!75!,!>$72'>$()!%',(L! M7#,(!=$0)7#,02!4$02&)'#!*$#*&((,2!*$!-'!*>'&#!%$2*!&%5$#*,0*! 2*,5('!?$$)L! `*>'#!*A5&4,(!?$$)2!&04(7)' ) ';;2E!5(,0*,&02E! ?#'2>! 4>''2'E!,0)!$44,2&$0,((A! ,J$4,)$2!$#!5,*,2*'L!f"&;7#'! F g!K$??''! ,55',#')!*$!-'!*>'!%$2*!4$%%$ 0!-'J'#,;'L! Q0!('22!?$$) 9 2'47#'!,#',2!&0!*>'!4$70*#A2&)'E!,!*A5&4,(!%',( &04(7)')!*$#*&((,2!C&*>!2$%'!$?! *>'2'!?$$)2E!-7*! 727,((A!0$*!,((!$?!*>'%!,*!$0'!%',(L !"&;7#'! F L!<0!,J'#,;'!=$0)7#,0!%',(!C$7()!(&:'(A!&04(7)' *$#*&((,2!,0) $0(A!*C$!$#!*>#''!$?!*>'! $*>'#! ?$$)2!2>$C0!f?#&P$('2E!4>''2'E!';;2E! $#! 5(,0*,&02g !`0'!&0!?&J'!=$0)7#,02!27??'#!?#$%!'U*#'%'!5$J'#*AE!,!5'# 9 ),A!)$((,#!,%$70*!)'?&0')!,2!,#$70)! pHLIGL!/,0A!$?!*>$2'!(&J&0;!&0!'U*#'%'!5$J'#*A!,#'!)'5'0)'0*!$0!,;#&47(*7#'!?$#!*>'&#! (&J'(&>$$)L! +>'! 4$70*#A12!,;#&47(*7#,(!2'4*$#E!#'25$0)&0;!*$!'U*'#0,(!&0?(7'04'2E!($2*!0',#(A!$0' 9 *>&#)!$?!&*2!#'J'07'!$J'#!*>'!5,2*!*C$!)'4,)'2E!5,#*&,((A!)7'!*$!*>'!)'4(&0&0;!'U5$#*!5#&4'2!?$#! -,0,0,2!,0)!4$??''!f@$#()!B,0:E!FGHIgL +$),AE!,;#&47(*7#'!%,:'2!75!$0(A!H\LF! 5'#4'0*!$?!W83! ,0)!D_!5'#4'0*!$?!*$*,(!'U5$#*2!fO6E!FGHagE!4$%5,#')!*$!FHLa!5'#4'0*!$?!*$*,(!W83!,0)!%$#'! *>,0!eG!5'#4'0*!$?!*$*,(!'U5$#*2!&0!*>'!HIeG2!f"<`E!FGHI4gL

PAGE 11

HH /$)'#0!%,#:'*!4>,0;'2!*>,*!-';,0!&0!*>'!HIIG2!C&*>![/8N'#')!-A!*>'! FGGD!K'0*#,(!<%'#&4,0!"#''!+#,)'!<;#''%'0*!fK<"+&4>!5#$J&)')!2%,((!?,#%'#2!C&*>! 5#$;#,%2!*$!>'(5!&04#',2'!*>'&#!5#$)74*&$0!A&'()2!$?!4#$52!274>!,2!4$??''!f+>$#5'E!F GGFgL!K$??''! 5#$)74*&$0!2($C(A!-';,0!-7&()&0;!,?*'#!*>'2'!%',27#'2E!)$7-(&0;!?#$%!FDGEGGG!*$!DGGEGGG! >'4*,#'2!$?!(,0)!&0!FGHa!f"&;7#'! gL !"&;7#'! L!K>,0;'!&0!K$??''!3#$)74*&$0!?#$%!HII\! h FGHa!f"<`E!FGHeg !! /$#'!*>,0!^G!5'#4'0*!$?!*>'!2%,((!?,#%2!Q!J&2&*')!?$#!*>&2!5#$P'4*!5#')$%&0,0*(A!;#'C!4$??''!$0! *>'&#!(,0)E!2,J'!?$#!,!2%,((!>$72'>$()!;,#)'0!f"&;7#'! g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a!?&'()!2&*'2!27#J'A')E!eG!5'#4'0*!>,)!'U5'#&'04')!,0!&04#',2'!&0!*#''! 4$J'#!0'')')!?$#!4$??''!?,#%&0;!fB,22E!FGGag!+>&2 #,&2'2!,!T7'2*&$0!$?!>$C!%74>!?,#%(,0)!&2! -'&0;!4$0J'#*')!*$!;#$C!4$??''!,0)!C>'*>'#!$#!0$*!?,#%'#2!,#'!;#$C&0;!?'C'#!?$$)!4#$52L!Q*!

PAGE 12

HF 2>$7()!-'!0$*')!*>,*!C>&('!*#''!4$J'#,;'!&2!('?*!-'>&0)!?$#!%,0A!$?!*>'2'!4$??''!?,#%2E!*>'! 70)'#2*$#A!&2!;'0'#,((A!#'%$J' )!?$#!*>'!5(,0*&0;!$?!4$??''!*#''2E!*>72!'(&%&0,*&0;!5,#*!$?!*>' 5#'J&$72!?$#'2* L +>'!'U5,0)')!&%5$#*,*&$0!$?!%,&S'E!-',02E!,0)!#&4'!,(2$!$??'#')!('22!&04'0*&J'!*$!;#$C!*>'2'! 2*,5('!?$$)!4#$52E!C>&4>!C>'0!;#$C0!($4,((AE!>'(5')!-7??'#!,;,&02*!>70;'#!,0)!%,( 07*#&*&$0! fB$A'#E!FGHGgL!+>'!)'4(&0'!&0!*>'!=$0)7#,0!,;#&47(*7#'!'4$0$%A!>,2!-''0!%,;0&?&')!-A!*>'! %,#:'*!5#&4'!J$(,*&(&*A!?$#!4,2>!4#$52!(&:'!4$??''L!/,#:'*!?(74*7,*&$0!$#!4#$5!($22!%,A!(',J'! 2%,((>$()'#!4$??''!?,#%'#2!J7(0'#,-('!*$!?$$)!2'47#&*A!&227'2!C >'0!*>'A!#'(A!$0!57#4>,2&0;! &%5$#*')!?$$)!2*,5('2L "'')!*>'!"7*7#' !+>'!"'')!*>'!"7*7#'!&0&*&,*&J'!C,2!(,704>')!-A!*>'!O0&*')!N*,*'2!8'5,#*%'0*!$?!N*,*'!&0!FGHG! ,0)!?$472'2!$0!?$$)!2'47#&*A!&0!N$7*>!<2&,E!'!K,#&--',0!Q2(,0)2E!,0)!K'0*#,(!<%'#&4,L! 6',#(A!\a!5'#4'0*!$?!*>'!HL^!%&((&$0!5'$5('!&0!"'')!*>'!"7*7#'!*,#;'*!#';&$02!(&J'!&0!5$J'#*AL! /,0A 27??'#!?#$%! 5$$#!07*#&*&$0E!C>&4>!$?*'0!(',)2!*$!2*70*&0;! h ,0!&0*'##75*&$0!$?!0$#%,(! 4>&()>$$)!;#$C*>!,0)!)'J'($5%'0*L!"'')!*>'!"7*7#'!&2!,22&2*&0;!HF! 4$70*#&'2!C&*>!)&#'4*! &0J'2*%'0*!,0)!5$(&4A!#'?$#%L!N*7)&'2!2>$C!*>'!&%5('%'0*,*&$0!$?!*>'&#!C$#:!&0!=$0)7#,2!>,2! #')74')!2*70*&0;!-A!_G!5'#4'0*!fON&0! <;#&47(*7#'!bU*'02&$0!N'#J&4'2!fQ6Wb6&4>!&2!5,#*!$?!*>'!;#',*'#!"'')!*>'! "7*7#'!&0&*&,*&J'L +>'!OLNL!<;'04A!?$#!Q0*'#0,*&$0,(!8'J'($5%'0*!fON,*!Y,)J,04'!,!?#''E!5',4'?7(E!,0)! 5#$25'#$72!C$#()Z *>#$7;>!272*,&0,-('!)'J'($5%'0*!5#,4*&4'2!*>,*!(',)!*$!2'(? 9 #'(&,04'L!

PAGE 13

H_ fON'0!)'%$4#,*&4!;$J'#0,04'E!,0)! '%5$C'#!5'$5('!*$!5#$;#'22!-'A$0)!,22&2*,04'L /A!?&'()!5#,4*&47%!*$$:!5(,4'!,2!5,#*!$?!ON&0! <;#&47(*7#'!bU*'02&$0!N'#J&4'2!fQ6Wb6&4>!&2!5 ,#*!$?!*>'!;#',*'#!"'')!*>'! "7*7#'!&0&*&,*&J'L :("*;#+"*#<*=+'!c$0'!$?!Q0?(7'04'!fc`Qg!&0!=$0)7#,2!C,2!,0!,#',!&)'0*&?&')!*>#$7;>!ON'!"7*7#'! &0&*&,*&J'!,2!$0'!*>,*!>$()2!*>'!>&;>'2*!4$04'0*#,*&$0!$?!5$J'#*A!,0)!2*70*&0;!,0)!>,2!*>'! ; #',*'2*!5$*'0*&,(!?$#!2744'22!*>#$7;>!,;#&47(*7#,(!&0J'2*%'0*2!?#$%!?$#'&;0!,&)!*$!#')74'! 5$J'#*A!fON'!"7*7#'!&)'0*&?&')!2&U!)'5,#*%'0*2!$?!@'2*'#0!=$0)7#,2!*>,*! %''*!*>&2!0'')! h HL!`4$*'5'T7'!FL!K$5i0!_L!N,0*,!B i #-,#,!\L!['%5&#,!DL!Q0* &-74 i ,0)!aL![,!3,S! f"&;7#'! \ gL! !"&;7#'! \ L!N&U!8'5,#*%'0*2!&0!@'2*'#0!=$0)7#,2!4$%5#&2&0;!*>'!"'')!*>'!"7*7#'!c$0'!$?!Q0?(7'04'! fON'!K'0*#,(!<%'#&4,0!8#A!K$##&)$#E!,!#';&$0!:0$C0!*$!-'!*>'!%$2*!2'02&*&J'!*$!4(&%,*'!4>,0;'E! ,(2$!'04$%5,22' 2!*>'2'!4$%%70&*&'2L!f"&;7#'! D gL!8#$7;>*2!C'&;>!>',J&(A!$0!2%,((!?,#%'#2!,0)! #7#,(!4$%%70&*&'2!C&*>&0!*>&2!4$##&)$#L +>'!'??'4*2!$?!'U*'0)')!)#$7;>*2E!(',)&0;!($22!$?!

PAGE 14

H\ >$72'>$()!&04$%'2!,0)!#&2&0;!7#-,0!%&;#,*&$02!&2!4$02&)'#')!,!2$4&$ 9 '4$0$%&4!$447##'04'L! +>'! ($22!$?!?$$)!4#$52!)&#'4*(A!,??'4*2!*>'!?,%&(A!)&'*,#A!$5*&$02!,0)!07*#&*&$0!,0)!(',)2!*$!,0! &04#',2'!&0!4>&()!%,(07*#&*&$0L!f"<`E!FGHag ! ! ! !"&;7#'! D L!/,5!Q((72*#,*&0;!K'0*#,(!<%'#&4,0!8#A!K$##&)$#! !* =4!9479>* "70)')!-A!ON!2'J'#,(!70&J'#2&*&'2E!&04(7)&0;!*>'!O0&J'#2&*A!$?! "($#&),E!*$!&%5('%'0*!5#$P'4*2!#'(,*')!*$!;'0)'#E!07*#&*&$0E!,0)!,;#&47(*7#'!C&*>&0!*,#;'*!"'')! *>'!"7*7#'!4$70*#&'2L!Q6Wb6E!?70)&0;E!,0)! *#,&0&0;!C&*>!&02*&*7*&$02! C&*>&0!*>'!"'')!*>'! "7*7#'! c`Q!&0!#'25'4*&J'!*,#;'*!4$70*#&'2!fON!,2! '4$0$%&4!&0'T7,(&*A!,0)!5'#2&2*'0*!5$J'#*AE!0,*7#,(!)& 2,2*'#2!,0)!4(&%,*'!4>,0;'!#&2:2L!+>'2'! ?,4*$#2!4$0*#&-7*'!*$!?$$)!&02'47#&*A!?$#!%$#'!*>,0!aG!5'#4'0*!$?!*>'!5$57(,*&$0L!fON
PAGE 15

HD "&'()!3#,4*&47%!`-P'4*&J'2 !+>&2!#'2',#4>!C,2!70)'#*,:'0!*$!&%5#$J'!2*#,*';&'2!?$#!&04#',2&0;!%'012!5,#*&4&5,*&$0!&0! 07*#&*&$0 9 #'(,*')!&0*'#J'0*&$02!&0!*>'!)'5,#*%'0*2!$?!K$5i0!,0)!['%5&#,L!M'2',#4>!%'*>$)2! &04(7)')!,!T7,0*&*,*&J'!27#J'A!,0)!T7,(&*,*&J'!?$472!;#$752E!*$!70)'#2*,0)!70)'#(A&0;! 4$0)&*&$02E!,**&*7)'2!,0)!#$('2!#'(,*')!*$!>$72'>$()!#'25$02&-&(&*&'2L!@'!4$%5,#') %'012! ,**&*7)'2!,0)!#'25$02'2!*$!*>$2'!$?!C$%'0!*$!'U,%&0'!2&%&(,#&*&'2!,0)!)&??'#'04'2E!C>&('! ($$:&0;!?$#!5$*'0*&,(!-,##&'#2!,0)!$55$#*70&*&'2!?$#!?7*7#'!C$#:2>$52!,0)!*#,&0&0;2L `-P'4*&J'!Q. Q0J'2*&;,*'!% '012!47##'0*!5,#*&4&5,*&$0!,0)!&0?(7'04'!$0!?,%&( A!07*#&*&$0 r O0)'#2*,0)!%'012!&0?(7'04'!$0!>$72'>$()!)'4&2&$02E!5,#*&47(,#(A!#';,#)&0;!?$$)! )&2*#&-7*&$0E!4#$5!5#$)74*&$0E!,0)!&*'%2!57#4>,2')!?$#!>$72'>$()!4$027%5*&$0L r 8'*'#%&0'!>$C!%'0!C>$!,**'0)!C$#:2>$52!5'#4'&J'!*>'!&0?$#%,*&$0!,0)!2:&((2!*>'A!;,&0E! 0)!>$C!*>'A!%&;>*!-'**'#!7*&(&S'!*>&2!:0$C(');'!C&*>&0!*>'!>$72'>$()!*$!&%5#$J'! 07*#&*&$0L `-P'4*&J'!QQ.!Q0J'2*&;,*'! % '012!&0*'#'2*!,0)!C&((&0;0'22!*$!5,#*&4&5,*'!&0!C$#:2>$52!#'(,*')!*$! ?,%&(A!07*#&*&$0! r 8'*'#%&0'!C>$!&0!*>'!>$72'>$()!&2!&0J&*')!*$!,0)! ,**'0)2!*#,&0&0;!#'(,*&0;!*$!,;#&47(*7#'! ,0)!07*#&*&$0L r 8'*'#%&0'!%'012!&0*'#'2*!,0)!C&((&0;0'22!*$!5,#*&4&5,*'!&0!C$#:2>$52!#'(,*')!*$!?,%&(A! 07*#&*&$0L !!

PAGE 16

Ha K$0*'U*7,(!K$04'5*7,(!"#,%'C$#: !=4!9479>*2#+8"'0.&/*?%&3"@#%A*!"&;7#'! a L!ON'2!,0)!*$$(2Z!f"&;7#'! a gL!Q6Wb6'!#'2',#4>!T7'2*&$0E!Y=$C! )$'2!%,247(&0& *A!,??'4*!*>'!C&((&0;0'22!$?!%,('2!*$!5,#*&4&5,*'!&0!;'0)'#!,0)!07*#&*&$0!*#,&0&0;! ,0)!*$!,55(A!*>'!:0$C(');'!&0!*>'!>$72'>$()sZ!/A!#$('!C&*>&0!Q6Wb6!,0)! )'J'($5!#'4$%%'0),*&$02!?$#!&0*';#,*&0;!07*#&*&$0!&0*$!'U*'02&$0!47##&47(,L!Q6Wb6,J'!%'!)'J'($5!#'4$%%'0),*&$02!?$#!>$C!*$!'0;,;'!%'0!&0!?,%&(A!07*#&*&$0,(! 5,#*&4&5,*&$0!,0)!&04#',2'!*>'&#!70)'#2*,0)&0;!*>#$7;>!C$#:2>$5!5,#*&4&5,*&$0L!/A!#'2',#4>! ,(2$!2755$#*2!,4*&$0!,#',2!Q!*>#$7;>!QQQ!,0)!Q6Wb6$52L

PAGE 17

H^ 3#$P'4*!2*'52!f"&;7#'! ^ g HL 37#5$2'.!Q6Wb6'#!:0$C(');'!#';,#)&0;!%'012!5,#*&4&5,*&$0!&0!07*#&*&$0,(! C$#:2>$52!,0)!,4*&J&*A!&0!*>'!>$72'>$()2!&0!#';,#)!*$!?$$)!5#'5,#,*&$0!,0)!)&2*#&-7*&$0L! FL <4*&$0.!Q!,)%&0&2*'#')!27#J'A2!,0)!4$0)74*')!?$472!;#$752!*$!;,*>'#!#'('J,0*!), *,L _L <4*&$0.! W'0'#,*'!,! #'5$#*E!,0)!#'4$%%'0),*&$02! ?$#! ON'2!,0)!*$$(2! C&*>&0!Q6Wb6'#!47##'0*!,0)!?7*7#'!ON$52!,0)!5#$P'4*2!*>#$7;>!*>'! #' 2',#4>!;'0'#,*')!-A!*>'!#'5$#*L ?1"/,*-%&8018.3*2#+8"'0.&/*?%&3"@#%A* /A!?&'()!5#,4*&47%!C,2!&04$#5$#,*')!&0*$!Y<4*&$0!<#',!QjZ!$?!Q6Wb6,)!%'!-$*>!&%%')&,*'(A!,)J&2'!Q6Wb6&('!,(2$!4,##A!$7*! #'2',#4>!?$#!?7*7#'!5#$P'4*2!*$!-'!7*&(&S')!-A!ON&4>!(')!-,4:!*$!,!%$#'!272*,&0,-('!,55#$,4>!*$!5#$%$*&0;!,0)!*',4>&0;!?7*7#'! 07*#&*&$09 -,2')!4$7#2'2!&0!=$0)7#,2L!`04'!*>'!5#$P'4*!'0)')E!%A!#'2',#4>')!($ $:')!>$(&2*&4,((A! ,*!$*>'#!,55#$,4>'2!?7*7#'!*#,&0&0;2!2>$7()!4$02&)'#!C>'0!C$#:&0;!C&*>!*>'!27-P'4*2!$?! ,;#&47(*7#'E!;'0)'#E!,0)!07*#&*&$0!&0!*>'!c`Q!$?!=$0)7#,2L

PAGE 18

He ! "&;7#'! ^ L!"&'()!3#,4*&47%!K$04'5*7,(!"#,%'C$#:

PAGE 19

HI "&;7#'! ^ &((72*#,*'2!*>'!5,*>!*>'!$J'#,((!5 #$P'4*!*$$:!C&*>&0!*>'!4$0?&0'2!$?!Q6Wb6!5#$)74&0;!27#J'A2!,0)!?$472!;#$752!&0!$#)'#!*$!?&0)!*>'!$5&0&$02!$?!%'0! &0!#';,#)!*$!47##'0*!*#,&0&0;2!$447##&0;!&0!*>'!?'')!*>'!?7*7#'!,#',2!$?!*>'!4$70*#AL!'0!&04$#5$#,*'!%A!&0&*&,(!?&0)&0;2!-,4:!&0*$!*>'&#! *#,&0&0;2!C>&4>!&0!*7#0!C$7()!&%5#$J'!07*#&*&$0!*>#$7;>!:0$C(');'!;,&0')!-A!5,#*&4&5,0*2!&0! *>'!Q6Wb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c`Q! fO0&J'#2&*A!$?!Q((&0$&2E!FGHagL! !"+,"%*&+,* B#.6"(#/,*5"8161#+6!/A!#'2',#4>!#';,#)&0;!%'012!#$('2!#'(,*')!*$!)'4&2&$0!%,:&0;!&2!70&T7'!C&*>&0!*>'!Q6Wb6,J'!-''0!4,##&')!$7*!&0!$*>'#!4$70*#&'2! ,0)!&0!$*>'#!#';&$02!$?!=$0)7#,2L!Q0!B,0;(,)'2>E!?$ #!'U,%5('E!fN7S,00,!k!R,%,(E!FGHag!?$70)! *>,*!%'0!5#')$%&0,0*(A!4$0*#$((')!*>'!)'4&2&$02!$?!*>'!>$72'>$()E!A'*!>&;>'#!'4$0$%&4! 5#$25'#&*A!,0)!-'**'#!07*#&*&$0!C'#'!,4>&'J')!&?!*>'2'!)'4&2&$02!C'#'!*,:'0!P$&0*(A!-A!-$*>! ;'0)'#2L <4#$22!=$0)7#,2E!f[$%$*E!FGH _g!?$70)!*>,*!%'0!%,:'!,(%$2*!,((!$?!*>'!)'4&2&$02!&0!*>'! >$72'>$()L!+>&2!,7*>$#!5#$5$2'2!*>,*!,!C,A!*$!,))#'22!'4$0$%&4!0'')2!,0)!?,%&(A!C'(?,#'!&2!*$! 5#$%$*'!,;#&47(*7#'!')74,*&$0!?$#!C$%'0L!! &4>!$0'! &04(7)')!K$5i0E!($$:')!?7#*>'#!,*!)'4&2&$02!#';,#)&0;!,;#&47(*7#'!5#$)74*&$0L!+>'!

PAGE 20

FG #'2',#4>'#2!?$70)!*>,*!C>&('!aH!5'#4'0*!$?!C$%'0!?'(*!*>,*!*>'A!>,)!*>'!,-&(&*A!*$!%,:'! &%5$#*,0*!)'4&2&$02!&0!?$$)!4#$5!5#$)74*&$0E!$0(A!\F!5'#4'0*!,4*7,((A!5,#*&4&5,*')!&0! ;#$C&0;! ?$$)!4#$52!f3,7(&0$!'*!,(LE!FGHagL ?##,*>"8.%10)*&+,*4.0%101#+!<44$#)&0;!*$!ON'!"'')!*>'!"7*7#'!=$0)7#,2!?,#%'#2!',#0')!,0!,))&*&$0,(!&04$%'! $?!0',#(A!pDG!%&((&$0!ON8!?#$%!*>'!&%5('%'0*,*&$0!$?!5#$;#,%2!274>!,2!Q6Wb6&()>$$)!2*70*&0;!*$!*>'!"'')!*>'!"7*7#'!07*#&*&$0,(! 5#$;#,%2!&0!*>'!c`Q!fON&0!*>&2!c`QE! N,0*,!M$2,!)'!K$5i0!,0)!['%5&#,E!*$!,0,(AS'!)&??'#'04'2!&0!*>'!$5&0&$02!,0) 07*#&*&$0,(! 2*,0),#)2!$?!-$*>!,#',2L!8,*,!2$7#4')!*>#$7;>!W($-,(!<;#&47(*7#,(!,0)!"$$)!N'47#&*A!3#$;#,%! fW&()!%,(07*#&*&$0L!+>'!#';&$0!0',#!N,0*,!M$2,! )'!K$5i0!C,2!%$#'!?$$)!2'47#'E!2>$C&0;!,!($C'#!&04&)'04' $?!4>&()!%,(07*#&*&$0!*>,0!*>'! #';&$0!$?!['%5&#,!fHLat!4$%5,#')!*$!_L\tg!fW&()>$$)!N*70*&0;!/,5!$?!@'2*'#0!=$0)7#,2!fW'!V,5,0!Q0*'#0,*&$0,(!K$$5'#,*&$0!<;'04A!fVQK,*!57*!,!(&;>*!$0!*>'!'??'4*2!$?!%$*>'# 9 4>&()!07*#&*&$0!-A!2>$C&0;!*>,*!>&;>'#!4>&()!%$#*,(&*A! )7'!*$!5$$#!07*#&*&$0!&0!*>'!#7#,(!2'**&0;!%,A!-'!)7'!*$!,!)'4(&0'!&0!-#',2*?'')&0;!fW7&((u09 N$*$E!

PAGE 21

FH FGHHgL!`0'!4$##'(,*&$0!&0!(,4:!$? -#',2*?'')&0;!C,2!?$70)!&0!=$0)7#,2!*$!-'!#'(,*')!*$!*>'!#,5&)! &0?(7U!$?!4$%%'#4&,(!%&(:!27-2*&*7*'2!f3'#'S 9 b24,%&((,E!'*!,(E!HIIagL! 3'#'S 9 b24,%&((,!'*!,( f HIIag! 'U5(,&0')!*>,*!&0!=$0)7#,2E!*>'!%$#'!*>'2'!( $C'# 9 07*#&'0*!%&(:!,(*'#0,*&J'2!C'#'!72')E!*>'!( '22! (&:'(A!*>'!>&;>'# 9 07*#&'0*!-#',2*?'')&0;!C$7()!$447#L! !!W7&((u0 9 N$*$ f FGHHg!?7#*>'#!)&24722')! ;'0)'#!)&24#'5,04&'2!&0!*>'!,;#&47(*7#'!2'4*$#L!Q%5$#*,0*!*$!Q6Wb6'!VQK,*!=$0)7#,2!?,4'2!4>,(('0;'2 ?$# &%5#$J&0;!?$$)!2' 47#&*AE!,!5'#J,2&J'!4$0)&*&$0! 'U,4'#-,*')!-A!*>'!&0'T7&*&'2!,0)!;'0)'#!0$#%,*&J'!#$('2!*>,*!47##'0*(A!'U&2*!&0!*>'! 4$70*#A2&)'L!<%$0;!*>'!&0'T7&*&'2!(&2*')E!C$%'012!'U4(72&$0!?#$%!)'J'($5%'0*!-'0'?&*2!C,2! #'('J,0*!*$!%A!?&'()!&0J'2*&;,*&$0!&0!4$%5,#&0;!%'0 ,0)!C$%'012!5'#4'5*&$02!,-$7*!?,%&(A! 07*#&*&$0!fW7&((u09 N$*$E!FGHHgL!!K(&%,*'!4>,0;'!&2!,0$*>'#!'%'#;&0;!?,4*$#!#'('J,0*!*$!07*#&*&$0!,0)!?$$)!2'47#&*A!&0!=$0)7#,2L! Q##';7(,#!C',*>'#!5,**'#02!5#$)74'!)#$7;>*!,0)!#,&0!4$0)&*&$02!*>,*!,??'4*!?,#%&0;!2744'22 $#! ?,&(7#'!&0!#7#,(!=$0)7#,2L!",#%&0;!?,%&(&'2!%,A!0$*!>,J'!*>'!#'2&(&'04'!*$!C&*>2*,0)!?7*7#'! 'U*#'%'!C',*>'#!'J'0*2L!+>'!O0&*')!6,*&$02!8'J'($5%'0*!3#$;#,%%'!#'5$#*2!,!HLH 9 )';#''! 4'0*&;#,)'!&04#',2'!&0!,J'#,;'!*'%5'#,*7#'!?$#!=$0)7#,2!?#$%!HIaG!*$!FGGD! ,0)!5#')&4*2!,!^LD! *$!H\!5'#4'0*!#')74*&$0!&0!,007,(!#,&0?,((!,4#$22!=$0)7#,2!,2!',#(A!,2!*>'!A',#!FGFD!fO683E! FGH_gL!Q0!*>'!4,2'!$?!4(&%,*'!4>,0;'!,0)!#7#,(!=$0)7#,0!?,#%'#2!*>&2!%,:'2!?$#!,!*#$7-(&0;! 2&*7,*&$0L!=$0)7#,0!?,#%'#2!&0!*>&2!?&'()!2*7)A!C'#'!5 #')$%&0,0*(A!4$??''!5#$)74'#2E!#'(A&0;! >',J&(A!$0!4$??''!5#$)74*&$0!&0!$#)'#!*$!%,:'!,0!&04$%'!*$!?'')!*>'&#!?,%&(&'2L!K(&%,*'!4>,0;'! &2!4($2'(A!,22$4&,*')!*$!)#$7;>* 9 #'(,*')!*#''!%$#*,(&*AE!C',:'#!4#$5!5#$)74*&$02E!,0)!5$$#'#! T7,(&*A!$?!-',02!&0!*>'!4$??' '!5(,0*2E!C>&4>!C&((!,))!75!*$!($C'#!&04$%'!?$#!=$0)7#,0!?,#%'#2! &0!*>'!#';&$0!$?!2*7)A!f8,/,**,E!'*!,(E!FGHegL /74>!$?!=$0)7#,21!'U*#'%'!5$J'#*A!,0)!4>#$0&4!70)'#07*#&*&$0!(&'2!C&*>&0!*>'!@'2*'#0! 4$##&)$#!'U*'0)&0;!?#$%!*>'!-$#)'#!$?!W7,*'%,(,!*$!6&4,#,;7 ,E!C>'#'!4(&%,*&4!4$0)&*&$02!,#'! ,(#',)A!)#A!,0)!J,#&,-('E!,0)!C>'#'!4(&%,*'!4>,0;'!'??'4*2!,#'!%$#'!2'J'#'L!+>'!;'$;#,5>&4! -#',)*>!$?!*>&2!4$##&)$#!&2!&04#',2&0;!)7'!*$!4(&%,*'!4>,0;'!fW,*!4(&%,*'!4>,0;'!C&((!(',)!*$!>&;>'#!%,(07*#&*&$0!#,*'2E!C>&4>!C&((!

PAGE 22

FF )&#'4*(A!&%5,4*!5#';0,0*!,0)!07#2&0;!C$%'0E!,??'4*&0;!FD!%&((&$0!,))&*&$0,(!4>&()#'0!C$#()C&)'! -A!FGDG!fN:&00'#E!FGHHgL!! C&%A"06*&+,*2/13&0"*2(&+$"!@>'0!4#$52!?,&(!)7'!*$!%$#'!?#'T7'0*!$#!272*,&0')!4(&%,*'!'??'4*2!274>!,2!)#$7;>*2!$#!?($$)&0;! 'J'0*2E!#7#,(!?,#%'#2!27??'#!&%%')&,*'(AL!Q0!,))&*&$0!*$!($2&0;!4,2>!4#$52E!>$72'>$()!;,#)'02! %,A!27??'#!$#!-'!($2*!,2!C'((L!+>'2'!($22'2!4,0!(',)!*$!07*#&*&$0,( )'?&4&'04&'2!$#!%,(07*#&*&$0!,2! C'!2,C!?#$%! )#$7;>*!&0!*>'!)#A!4$##&)$#!f"<`E!FGHI,g L! @>&('!,;#&47(*7#,(!#'?$#%2!274>![/8N,J'!,44'('#,*')!4$0J'#2&$0!$?!2*,5('!4#$52!*$!'U5$#*!4$%%$)&*&'2E!,0)!,! )'4(&0'!&0!(,0)!,#',! *>,*!#7#,(!=$0)7#,02!*#,)&*&$0,((A!72')!?$#!;#$C&0;!>$72'>$()!?$$)2!274>!,2!4$#0E!-',02E!#&4'E! ,0)!2$#;>7%!fB$A'#E!FGHGg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a!*$!FGH^E!&%5(A&0;!,!4$0*&07&0;!,0)!;#$C&0;!5#'227#'!?#$%!*>'!$7*2&)'!C$#()!?$#!#7#,(! ?,#%'#2! &0!$7#!2*7) A *$!5#$)74'!,0)!'U5$#*!%$#'!4$??''!f ON8<" $C'J'#E! #'T7&#'2!5,#*&47(,#!4(&%,*'!4$0)&*&$02!*$!;#$CL!Q*!,(2$!&2!2'02&*&J'!*$! 5#&4' ?(74*7,*&$02E! %,: &0; &*! $0'!$?!*>'!%$2* J$(,*&('!%,#:'* &*'%2 &0!*>'!C$#() f+74:'#E!FGHHgL + >'!4$??''!%,#:'*12!4>,$*&4! -$$%!,0)!-72*!4A4('!4,0!>,J'!)&#'!'4$0$%&4!4$02'T7'04'2!?$#!#7#,(!?,#%'#2!&0!K'0*#,(!<%'#&4,! C>$2'!?$$)!2'47#&*A!&2!)&#'4*(A!&%5,4*')!-A!*>'!2744'22!$?!*>'&#!,;#&47(*7#,(!(&J'(&>$$)2 fb,:&0!'*! ,(L!FGGag!! +$!70)'#2*,0)!%'012!&0?(7 '04'!$0!07*#&*&$0!&0!@'2*'#0!=$0)7#,2E!Q!4$02&)'#')!2$4&,(!?,4*$#2! ,0)!?,%&(A!07*#&*&$0!*>,*!,#'!&%5,4*')!-A!27-2&2*'04'!?,#%&0;!,0)!J7(0'#,-&(&*A!*$!?$$)! &02'47#&*AL!<))&*&$0,((AE!*>'#'!,#'!,!07%-'#!$?!'0J&#$0%'0*,(!,0)!'4$0$%&4!?,4*$#2!#'(,*')!*$! 5#'227# '2!?#$%!4>,0;&0;!4(&%,*'!,0)!%,#:'*2L

PAGE 23

F_ !/'*>$)$($;A !+>&2!2*7)A!7*&(&S')!,!%&U') 9 %'*>$)2!,55#$,4>!C&*>!T7,0*&*,*&J'!27#J'A2!,0)!T7,(&*,*&J'!?$472! ;#$752!*$!'U5($#'!*>'!T7'2*&$0!$?!>$C!%74>!&%5,4*E!&?!,0AE!%'012!&0?(7'04'!>,2!$0!?,%&(A! 07*#&*&$0L!!+>'2'!,55#$, 4>'2!,(2$!,&%')!*$!)&24$J'#!>$C!Q6Wb6*!&%5#$J'!?7*7#'! *#,&0&0;!2*#,*';&'2L!!+#,J'(&0;!*>#$7;>!*>'!#'%$*'!*'##,&0!,0)!'U5'#&'04&0;!*>'!'J'#A),A!(&?'!$?! *>'2'!?,%&(&'2!5#$J&)')!$-2'#J,*&$02!*>,*!;,J'!,))')!&02&;>*!*$!%A!),*,!4$(('4*&$0L! 8,*,!C'#'!4$ (('4*')!$J'#!,!*C$ 9 %$0*>!*&%'?#,%'!f/,A 9 V70'!FGH^gL!+>'!5$57(,*&$0!*,#;'*')! ?$#!*>'!27#J'A2!C'#'!%'0!,0)!C$%'0!$J'#!He!A',#2!$?!,;'E!C>$!)'5'0)!$0!27-2&2*'04'! ,;#&47(*7#'L!+>'!4$%%70&*&'2!2'('4*')!C'#'!($4,*')!&0!*>'!J&4&0&*A!$?!N,0*,!M$2,!)'!K$5i0!&0! *>'! 8'5,#*%'0*!$?!K$5i0!$#!W#,4&,2!&0!*>'!8'5,#*%'0*!$?!['%5&#,!f"&;7#'2! I ,0)!H G gE!C&*>!?$7#! 4$%%70&*&'2!4>$2'0!&0!',4>!$?!*>'!)'5,#*%'0*2L! !"&;7#'! I L N*7)A!,#',2!fM')!,0)!37#5('!c$0'2!&0)&4,*'!K$5i0!,0)!['%5&#,!#'25'4*&J'(Ag !!

PAGE 24

F\ !"&;7#'!H G L K$%%70&*A!,0)!2&*'!($4,*&$02!&0!K$5i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fK'!?$7#!4$%%70&*&'2L! +>'!#'%,&0&0; ^D!27#J'A2!C'#'! ,)%&0&2*'#')!&0!*>'!?$7#!4$%%70&*&'2!27##$70)&0;!W#,4&,2E! ['%5&#,L! K$%%70&*&'2!2'('4*')! C'#'!2&*7,*')!C&*>&0!*C$!>$7#2!*#,J'(!*&%'!?#$%!*>'!4&*A!$?!N,0*,!M$2,!)'!K$5i0!,0)!75!*$! *>#''!>$7#2!?#$%!*>'!*$C0!$?!W#,4&,2E!C>&4>!C,2!%$#'!)&??&47(*!*$!*#,J'#2'!)7'!*$!5$$#!#$,)! &0?#,2*#74*7#'!,0)!C',*>'#!4$0)&*&$02L

PAGE 25

FD +>'!> $72'>$()!27#J'A!&04$#5$#,*')!:0$C0!4>,#,4*'#&2*&42!$?!#7#,(!=$0)7#,0!)&'*!,0)!07*#&*&$0L! Q*!&04(7)')!,!>$72'>$()!)'24#&5*&$0!2'4*&$0!*$!$-*,&0!-,2'!&0)&4,*$#2!274>!,2!2*#74*7#'!,0)! &0?#,2*#74*7#'!,($0;!C&*>!?,%&(A!4$%5$2&*&$0!,0)!)'%$;#,5>&42L!Q!72')!*>'!@ $#()!B,0:12!*$$(! ?$#!2$4&,(!4,5&*,(!,22'22%'0*!$0!C,A2!*$!27#J'A!*>'!,;#&47(*7#'!2'4*$#!,0)!#7#,(!>$72'>$()2!&0! $#)'#!*$!-'**'#!?$#%!%A!27#J'A!T7'2*&$02!fW#$$*,'#*!'*!,(LE!FGHagL `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i0!,0)!*C$!$?!*>'!?$7#!2*7)A!4$%%70&*&'2!0',#!*>'! 4 &*A!$?!W#,4&,2E!['%5&#,L!b,4>! ?$472!;#$75!2'22&$0!C,2!#$7;>(A!,0!>$7#!($0;L!+>'!?$472!;#$752!C'#'!)'2&;0')!*$!4(,#&?A!$#! #'?7*'!),*,!$-*,&0')L!b,4>!?$472!;#$75!4$02&2*')!$?!2&U!5,#*& 4&5,0*2E!,!*#,02(,*$#E!,0)!,!>$2*L! +>'!#'2',#4>!*',%!#,0!2&%7(*,0'$72!?$472!;#$752! h $0'!?$#!%'0!,0)!,0$*>'#!?$#!C$%'0! h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

PAGE 26

Fa !M'2 7(*2!,0)!<0,(A2&2 !+$!,0,(AS'!T7,0*&*,*&J'!),*,E!Q!?*!($$:')!,*!*>'!27#J'A!#'25$02'2!&0!*'#%2!$?!)'%$;#,5>&42! 274>!,2!,;'E!;'0)'#E!?,%&(A!5$2&*&$0!f?,*>'#E!%$*>'#E!4>&()E!;#,0)5,#'0*E!'*4Lg!,0)!07%-'#!$?! ?,%&(A!%'%-'#2!(&J&0;!&0!*>'!>$72'>$()L!N'4$0)(AE! Q!($$:')!,*!$5&0&$02!#';,#)&0;!07*#&*&$0E! )'4&2&$09 %,:&0;E!,0)!C$#:2>$5!5,#*&4&5,*&$0L!d7,(&*,*&J'!),*,!C'#'!;,*>'#')!*>#$7;>!$5'0 9 '0)')!27#J'A!T7'2*&$02!,0)!?$472!;#$752!)&24722&$02L 5"3#$%&'(186 <2!%'0*&$0')!,-$J'E!Q!4$%5('*')!,!*$*,(!$?!HH^!27#J'A2!&0! K$5i0!,0)!^D!&0!['%5&#,L!!*>'! ,J'#,;'!,;'!-'&0;!\GLI!A',#2!$()L!+>'!>$72'>$()!2&S'!,J'#,;')!DLG_!?,%&(A!%'%-'#2!&0!K$5i0! ,0)!DLI!?,%&(A!%'%-'#2!&0!['%5&#,L !"&;7#'!H H L!b)74,*&$0!['J'(2!$?!N7#J'A')!M'25$0)'0*2E!/,('!,0)!"'%,(' !! Q0!*>'2'!4$%%70&*&'2E!*>'!')74,*&$0,(!)&2*#&-7*&$0!&0)&4,*')!*>,*!IG!5'#4'0*!$?!#'25$0)'0*2! fH^\gE!>,)!2$%'!')74,*&$0L!`?!*>'2'E!^G!5'#4'0*!,**'0)')!'('%'0*,#A!24>$$(E!-7*!$0(A!_G! 5'#4'0*!4$%5('*')!*>'&#!'('%'0*,#A!')74,*&$0L!`0(A!,-$7*!HG!5'#4'0*!$?!#'25$0)'0*2!#'4'&J')! ,0A!')74,*&$0!-'A$0)!'('%'0*,#A!24>$$( L @>&('!,)%&0&2*'#&0;!27#J'A2E!Q!$?*'0*&%'2!0$*')!*>,*! ,!A$70;!%'%-'#!$?!*>'!>$72'>$()!>,) *$!#',)!*>'!T7'2*&$00,&#'!?$#!*>'!,)7(*2! C>$!C'#'! 70,-('!*$!#',)!$#!C#&*'L

PAGE 27

F^ E(&0*16*F"1+$*$%#@+*&+,*8#+6.3",G M'25$0)'0*2!?#$%!-$*>!)'5,#*%'0*2!C'#'!,2:')!C>,*!?$$)!4#$52!*>'A!5#$)74')!*>,*!,(2$! C'#'!72')!?$#!5'#2$0,(!4$027%5*&$0L!6',#(A!,((!>$72'>$()2!#'5$#*')!5#$)74&0;!-',02E!4$#0!,0)! 4$??''!? $#!>$72'>$()!4$027%5*&$0!f"&;7#'!HFg L!8,*,!2>$C2!*>,*!,-$7*!IG!5'#4'0*!$?!*>'!?,%&(&'2! ;#$C!,0)!4$027%'!-',02!,0)!4$#0!,0)!^F!5'#4'0*!;#$C!,0)!4$027%'!4$??''L!6',#(A!_G! 5'#4'0*!$?!*>'2'!>$72'>$()2!,(2$!#'5$#*')!;#$C&0;!$0'!$#!%$#'!,))&*&$0,(!?$$)!4#$5!?$#! >$72'>$()!4$027%5*&$0L! !*"&;7#'!H F L!"$$)2!W#$C0!?$#!",%&(A!K$027%5*&$0 !! !"+,"%*H"/&01#+6*&+,*B#.6"(#/,*5"8161#+*C&A1+$ W'0)'#!#$('2!,0)!)'4&2&$0!%,:&0;!C'#'!'U5($#')!*>#$7;>!)&24722&$0!T7'2*&$02!,2:')!&0!?$472! ;#$752L!`0'!%,0!5,#*&4&5,*&0;!&0!,!?$472!;#$ 75!&0!K$5i0!2*,*')!*>,*!>'!&2!4,5,-('!$?!C,2>&0;! >&2!4($*>'2!,0)!4$$:&0;!?$$)E!5,#*&47(,#(A!C>'0!>&2!C&?'!&2!2&4:L!='!,))')E!YB7*E!-'4,72'!Q1%!*>'! >',)!$?!*>'!>$72'>$()E!Q!)$01*!)$!*>'2'!*>&0;2!,((!*>'!*&%'!)7'!*$!$7#!v;'0)'#w!#$('2LZ @'!,2:')! #'25$0)'0*2! C>$!%,)'!*>'!)'4&2&$0!*$!5#$)74'!25'4&?&4!4#$52L!/'0!$J'#C>'(%&0;(A!%,)'! )'4&2&$02!,-$7*!C>,*!*$!;#$C!?$#!*>'!%,#:'*!,2!C'((!,2!?$#!>$72'>$()!4$027%5*&$0E!'&*>'#!,2! *>'!5#&%,#A!$#!P$&0*!)'4&2&$0!%,:'#2!f"&;7#'!H ,0)!H \ gL!

PAGE 28

Fe !"&;7#'!H L!8'4&2&$0 9 %,:&0;!$0! K#$52!W#$C0!?$#!/,#:'* !! `0(A!H\!5'#4'0*!$?!*>'!C$%'0!#'5$#*')!%,:&0;!)'4&2&$02!$0!C>&4>!4#$52!*$! 5(,0*!?$#!%,#:'*! 2,('2E!,0)!,0$*>'#!He!5'#4'0*!#'5$#*')!,!P$&0*!)'4&2&$0!C&*>!%'0L!=$C'J'#E!\a!5'#4'0*!$?! C$%'0!#'5$#*')!>,J&0;!2$%'!&0?(7'04'!$J'#!C>,*!*$!5(, 0*!?$#!?,%&(A!4$027%5*&$0L!BA! 4$%5,#&2$0E!^^!5'#4'0*!$?!%'0!#'5$#*')!%,:&0;!*>&2!)'4&2&$0!'&*>'#!P$&0*(A!$#!,($0'L!f"&;7#'! H \ gL! !"&;7#'!H \ L!8'4&2&$0 9 %,:&0;!$0!K#$52!W#$C0!?$#!",%&(A!K$027%5*&$0

PAGE 29

FI C"+I6*-&%0181'&01#+*&+,*=+$C!#'25$0)'0*2!)'?&0')!*>'!C$#)!07*#&*&$0L!Q! -';,0!*>&2!5$#*&$0!$?!*>'!27#J'A!5#$4'22!C&*>!,!T7,(&*,*&J'!T7'2*&$0E!YC>,*!&2!A$7#!5'#2$0,(! )'?&0&*&$0!$?!07*#&*&$0sZ!+>'!*A5&4,(!,02C'#2!C'#'!#'(,*')!*$!*>'!4$027%5*& $0!$?!J';'*,-('2E! %',*2E!,0)!?#7&*2L!,*!*>'A!)&)!0$*!4$027%'!'0$7;>!?$$)!*$!,02C'#! *>'!T7'2*&$0!C&*>!07,04'L!+$!*>'%E!,0A!?$$)!C,2!;$$)!07*#&*&$0L!,J'!'0$7;>!?$$)E!*>'!C>$('!?,%&(A!;'*2!07*#&'0* 2E!&?!0$*E!C'!;&J'!C>,*!C'!>,J'!*$!*>'! 4>&()#'0LZ @>'0!,2:')!C>A!*>'&#!0'&;>-$#2!)&)!0$*!#'4'&J'!,)'T7,*'!07*#&*&$0E!*>'!5#')$%&0,0*!#'25$02'! C,2!)7'!*$!Y-'&0;!5$$#LZ!Q0!K$5i0E!%,0A!#'25$0)'0*2!&0?$#%')!72!*>,*!C>'0!4>&()#'0!#'4'&J')! ,)'T7,*'!07*#&*&$0E!&* C,2!-'4,72'!,!?$$)!5#$;#,%!,*!($4,(!24>$$(2!'027#')!*>,*!4>&()#'0!,*'!,*! (',2*!$0'!;$$)!%',(!5'#!),AL!+>&2!,(2$!%,A!'U5(,&0!C>A!%$#'!4>&()#'0!C'#'!5'#4'&J')!*$! #'4'&J'!,)'T7,*'!07*#&*&$0!,2!4$%5,#')!*$!C$%'0L @>'0!,2:')!*>'&#!$5&0&$0!,-$7*!C>$!#'4'&J'2!;$ $)!07*#&*&$0E!Hea!$?!*>$2'!27#J'A')! #'25$0)')L!@>'0!,2:')!25'4&?&4,((A!,-$7*!5#';0,0*!,0)!07#2&0;!C$%'0!#'4'&J&0;!;$$)! 07*#&*&$0E!$0(A!,-$7*!_G!5'#4'0*!faF!#'25$0)'0*2g!,;#'')!*>,*!C$%'0!&0!*>&2!;#$75!C'#'! ,)'T7,*'(A!0$7#&2>')L!`0!,J'#,;'E!$0' 9 *>&#)!$?!#'2 5$0)'0*2!4$02&)'#')!*>,*!C$%'0!,0)! 4>&()#'0!#'4'&J'!;$$)!07*#&*&$0E!,2!4$%5,#')!*$!P72*!$J'#!>,(?!fII!#'25$0)'0*2g!C>$!,;#'')!*>,*! %'0!#'4'&J'!,)'T7,*'!07*#&*&$0!f"&;7#'!H D gL

PAGE 30

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e!5'#4'0*!$?!?,%&(&'2!&0!K$5i0!,(2$!)'2&#'!%$#'!C$#:2>$52L!f"&;7#'!H a g

PAGE 31

_H !"&;7#'!H a L 3'#4'0*,;'!@>$!@$7()![&:'!*$!<**'0)!,!@$ #:2>$5 !Q0!27#J'A&0;!C$#:2>$5!,**'0),04'E!),*,!2>$C!*>,*!0',#(A!_F!5'#4'0*!$?!>$72'>$()!%'%-'#2! ,**'0)')!,;#&47(*7#,(!*#,&0&0;2L!<;#&47(*7#,(!C$#:2>$5!5,#*&4&5,*&$0!C,2!5#')$%&0,0*(A!%,('! ,44$#)&0;!*$!*>'!27#J'A!),*,L!`?!*>'!%'0!27#J'A')E!,-$7*!De!5'#4'0*! >,)!5,#*&4&5,*')!&0!,0! ,;#&47(*7#,( 9 -,2')!*#,&0&0;!2'22&$0E!J'#272!,0!,**'0),04'!#,*'!$?!,-$7*!HD!5'#4'0*!-A!*>'! C$%'0!f"&;7#'!H ^ gL !"&;7#'!H ^ L!<;#&47(*7#,(!@$#:2>$5!<**'0),04'!-A!W'0)'# !!

PAGE 32

_F ['22!*>,0!FD!5'#4'0*!$?!,((!>$72'>$()!%'%-'#2!,**'0)')!07*#&*&$0,(! C$#:2>$52E!#'5#'2'0*')!-A! He!%'0!,0)!Fe!C$%'0!f"&;7#'!He gL! 4.0%101#+&/*E#%A6(#'6*700"+,&+8" 700"+,",*&* E#%A6(#' 51,*4#0*700"+, :#0&/6 ?"3&/" KL MN OOL C&/" OL PQ RS :#0&/6 SQ OSQ OMK "&;7#'!H e L!67*#&*&$0,(!@$#:2>$5!<**'0),04'!-A!W'0)'# !*67*#&*&$0,( 9 -,2')!C$#:2>$52!>,)!,!)&??'#'0*!#'27(*!,%$0;2*!*>'!27#J'A')!5$57(,*&$0L!/,('2! ,0)!?'%,('2!,J'#,;')!*>'!2,%'!,**'0),04'!#,*'!$J'#,((!,*!F\!5'#4'0*!?$#!',4>!;'0)'#L!`J'#,((! ^a!5'#4'0*!$?!*>'!5$57(,*&$0!)&)!0$*!,**'0)!,0A!*A5'!$?!07*#&*&$0!C$#:2>$5L!`?!*>$2'!C>$!)&)! ,**'0)!,!C$#:2>$5E!*C$ 9 *>&#)2!#'5$#*')!;,&0&0;!:0$C(');'!?#$%!07*#&*&$0!4(,22'2!f"&;7#'! HIgL !* B#@*C.8(*T+#@/",$"*&F#.0*4.0%101#+*2&3"*<%#3*E#%A6(#'6G 4U7 4#+" V"%)*W100/" >#3" V"%)*C.8( 7// :#0&/6 ?"3&/" LP P S ON OX N OOR C&/" PK S P R Q O RP :#0&/6 OXR M M OR OM O OMK "&;7#'! HIL!W'0)'#')!j&'C2!$0!R0$C(');'!W,&0')!&0!67*#&*&$0!@$#:2>$52 !! /'0!,0)!C$%'0!>,)!)&??'#&0;!J&'C2!$?!07*#&*&$0!C$#:2>$52!,0)!>$C!%74>!*>'A!(',#0')! f"&;7#'!F G gL!"&0)&0;2!?#$%!*>'!),*,!5$&0*')!*$!,0!&04#',2')!5$2&*&J'!(',#0&0;!$7*4$%'!?#$%!*>'!

PAGE 33

__ C$#:2>$52!&0!['%5&#,!J'#272!K$5i0L!B$*>!?'%,('!,0)!%,('!5,#*&4&5,0*2!&0!['%5&#,!#'5$#*')! >&;>'#!$5&0&$02!$?!*>'!C$#:2>$52L!Q!,2:')!5,#*&4&5,0*2!$0!,!24,('!$?!H 9 DE!fH 9 0$0'E F 9 J'#A!(&**('E!_ 9 2$%'E!\ 9 J'#A!%74>E!D 9 ,((g!*$!&0)&4,*'!>$C!%74>!$?!*>'&#!:0$C(');'!,-$7*!07*#&*&$0!>,)!4$%'! ?#$%!C$#:2>$52L!/'0!,0)!C$%'0!C>$!5,#*&4&5,*')!&0!07*#&*&$0,(!C$#:2>$52!#,*')!*>'%!$0! ,J'#,;'!,2!_La!f2$%'g!&0!K$5i0E!J'#272!,!\L_!fJ'#A!%74>g!&0![ '%5&#,L !"&;7#'!F G L!=$C!/74>!/'0! k @$%'0!"'(*!+>'A![',#0')!&0!@$#:2>$52 !*2(&//"+$"6*0#*7$%18./0.%&/*-%#,.801#+ 87#&0;!*>'!?$472!;#$75!2'22&$02!C>'0!Q!,2:')E!YC>,*!)$!A$7!*>&0:!&2!*>'!-&;;'2*!4>,(('0;'!A$7#! 4$%%70&*A!?,4'2!&0!*'#%2!$?!,;#&47(*7#'! 5#$)74*&$0EZ!%,('!#'25$0)'0*2!?#'T7'0*(A!%'0*&$0')! *>'!$0;$&0;!)#$7;>*!,2!70)'#%&0&0;!*>'&#!A&'()2L!+>'2'!2*,*'%'0*2!C'#'!%,)'!&0!%'012!,0)! C$%'012!?$472!;#$752!#'(,*')!*$!4(&%,*'!,0)!,;#&47(*7#'. r Y@'!)$01*!>,J'!27??&4&'0*!#,&02LZ r Y@'!>,J'!5#$-('%2!C&*>!(, 4:!$?!?$#'2*2!,0)!C,*'#L!@,*'#!&2!*>'!-&;;'2*!5#$-('%LZ r Y@'!2*#7;;('!C&*>!)#$7;>*2!,0)!($22!$?!?$#'2*2LZ r Y6$C!C'!5(,0*!4$#0!,0)!-',02E!-7*!&0!*>'!5,2*E!C'!5(,0*')!%,0A!$*>'#!*>&0;2LZ!

PAGE 34

_\ /'0!&0!K$5i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i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

PAGE 35

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i0!*>,0!&0!*>'! %$#'!#'%$*'!['%5&#,L!Q!,(2$!0$*')!,!#'(,*&J'!24,#4&*A!$?!;#$4'#A!%,#:'*2!&0!['%5&#,! 4$%%70&*&'2L!+>'!)&2*,04'2!?#$%!2&S,-('!*$C02E! 4$75(')!C&*>!*>'!)&??&47(*A!$?!*#,J'(E!,55',#')! *$!0'4'22&*,*'!,!2'(? 9 #'(&,04'!$0!>$%'!;,#)'02!,2!,0!,**,&0,-('!?$$)!2$7#4'L!Q0*'#'2*&0;(AE! ?,%&(&'2!&0!-$*>!#';&$02!#'5$#*')!',*&0;!,0!,J'#,;'!$?!FL^^!%',(2!5'#!),AL!!"$#!%,0A!?,%&(&'2!&0! ['%5&#,E!,!%',(!C,2 $?*'0!)'24#&-')!,2!2&%5(A!?#&P$('2E!*$#*&((,2!,0)!4$??''L!`44,2&$0,((A!';;2E! 4>''2'!$#!5,2*,!C'#'!,))')!*$!,!%',(L!W&J'0!*>,*!K$5i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f4>&4:'02g!,2!C'((!,2!>$%'!;,#)'02L!+>&2!5#$U&%&*A 9 )'4&2&$0!2&*7,*&$0!%,A!-'!)7'!*$!%7(*&5('! ?,4*$#2E!274>!,2!($0;!C,(:&0;!4$%%7*'2!$0!*>'!#$,)C,A2E!,0)!*>'!5$22&-&(&*A!$?!&04#',2&0;!*&%'! -7#)'02!C$%'0!?,4'!C&*>&0!*>'!>$72'>$()2!,0)!4>&()!# ',#&0;L!Q*!>,2!-''0!?$70)!*>,*!&0!;'0'#,(!

PAGE 36

_a ,4#$22![,*&0!<%'#&4,E!?'%,('!?,#%'#2!*'0)!*$!C$#:!&0!?,#%&0;!C>'#'!&*!&2!4($2'#!&0!5#$U&%&*A!*$! *>'!>$72'>$()!,0)!C>'0!*>'!>$72'>$() 9 ?,#%&0;!C$#:!$J'#(,5!f"<`E!FGHHg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c`QL!O0?$#*70,*'(AE!*>&2!5#$-( '%!C&((!(&:'(A!-'! 'U,4'#-,*')!&0!*>'!0',#!?7*7#'!-A!4$0*&07')!4(&%,*'!4>,0;'!&%5,4*2L 2.%%"+0*-%#Y"806*1+*>0.,)*2#33.+101"6 @'!,2:')!#'25$0)'0*2!C>,*!47##'0*!5#$P'4*2!$#!,4*&J&*&'2!C'#'!>'(5&0;!*>'!4$%%70&*AL!Q0! K$5i0E!\\!5'#4'0*!$?!#'25$0)'0*2!2,&)!*>'#' C,2!0$!5#$P'4*!C$#:E!,2!4$%5,#')!*$!Fe!5'#4'0*!&0! ['%5&#,L!`?!*>'!#'25$02'2!&0!K$5i0E!%$2*!&0)&4,*')!*>,*!*>'!%,P$#&*A!$?!5#$P'4*2!C'#'! &0?#,2*#74*7#,((A!#'(,*')E!4&*&0;!?#'T7'0*!#$,)!4$02*#74*&$0!,0)!&%5#$J'%'0*2E!C>'#',2!&0!

PAGE 37

_^ ['%5&#,!\D!5'#4'0*!&0)&4,*')! 5#$P'4*2!C'#'!,;#&47(*7#,((A!#'(,*')L!Q0!-$*>!#';&$02E!ON$2'!&0!['%5&#,!,0)! K$5i0L!Q0!,))&*&$0!*$!ON,*!C$#:2>$52!C'#'!>$2*')!-A!($4,(! ;$J'#0% '0*!&02*&*7*&$02!,0)!0$0;$J'#0%'0*,(!$#;,0&S,*&$02!(&:'!K,P,!M7#,(E!='&?'#! Q0*'#0,*&$0,(E!`U?,%!Q0*'#0,*&$0,(E!K'!#7#,(!>',(*>!4'0*'#2L! /,0A!#'25$0)'0*2!&0)&4,*')!,!J'#A!5$2&*&J'!#'(,*&$02>&5!C&*>!='&?'#!Q0*'#0,*&$0,(L!`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r YQ!2''!,!($*!$?!4>,0;'!&0!*>'!24>$$(2!-7*!('22!)&24&5(&0'!,0)!#'25'4*LZ! r Y+>'#'!&2!%$#'!*'4>0$($;A!,0)!*>'!4>&()#'0!>,J'!4>,0;')!C&*>!*>,*L!+>'!?,%&(&'2!&0!$7#! 4$%%70&*&'2!C$##A!, -$7*!*>'!*'4>0$($;AE!&*12!,!>7;'!#'25$02&-&(&*A!$0!%$*>'#2LZ r Y@&*>!*>'!&0*#$)74*&$0!$?!*'4>0$($;AE!*>'!4>&()#'0!,#'!('22!&0*'#'2*')!&0!C$#:&0;!&0! ,;#&47(*7#'!*>,0!-'?$#'L!+>'A!,(C,A2!($$:!,*!*>'&#!4'((!5>$0'LZ r Y+>'!4>&()#'0!0$C!>,J'!4'((!5>$0'2E!-7*!*>'A!) $01*!2*7)AL!+>'A!?$472!,((!$?!*>'&#!*&%'!$0! *>'!*'('5>$0'LZ !K$04(72&$02 !+>'!27#J'A2!,0)!?$472!;#$752!2$7;>*!*$!,02C'#!*>'!T7'2*&$02!#';,#)&0;!%'012!&0J$(J'%'0*!&0! >$72'>$()!07*#&*&$0L!+>'!4'0*#,(!?&0)&0;2!2>$C')!%'0!>,)!,!5$2&*&J'!'U5'#&'04'!?#$%!;$&0;!*$! 07*#&*&$0,(!C$#:2>$52E!-7*!?'C!5,#*&4&5,*')!&0!*>'%!&0!*>'!K$5i0!#';&$0L!+>'#'!2''%')!*$!-'!,! %$#'!5$2&*&J'!,**&*7)'!*$C,#)2!07*#&*&$0,(!C$#:2>$52!&0!*>'!['%5&#,!#';&$02E!,0)!%$#'!%'0! C'#'!C&((&0;!*$!5,#*&4&5,*'!*>'#'!,2!C'((L

PAGE 38

_e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a!#'2',#4>!2*7)A! &0 @'2*'#0!=$0)7#,2! ?$70)! *>,*!C>'0!C$%'0!>,)!-'**'#! ,44'22!*$!?&0,04&,(!&*'%2!(&:'!4#')&*!,0)!&04$%'!*>'!?,%&(A!$J'#,((!-'0'?&*')!?#$%!,!;#',*'#! )&J'#2&*A!$?!07*#&*&$0!f[,#2$0E!'*!,(E!FGHag L E()*,1,*W"3'1%&*(&D"*3#%"*$&%,"+6*0(&+*2#'Z+G +>'!#'25$02'2!&0!['%5&#,!&0)&4,*')!*>,*!;#',*'#!?#'T7'04A!$?!?,%&(A!;,#)'02!*>,0!*>'&#! 4$70*'#5,#*2!&0!K$5i0L!"#$%!%A!$-2'#J,*&$02!*>&2!C,2!(&:'(A!)7'!*$!*>'!?,4*!*>,*!;#$4'#A!2*$#'2! ,0)!$7*2&)'!?$$)!#'2$7#4 '2!C'#'!($4,*')!?,#!,C,A!,0)!C'#'!5#$>&-&*&J'(A!'U5'02&J'L!B,4:A,#)! ;,#)'02E!C>&('!>,J&0;!,0!&0&*&,(!4$2*!,0)!C$#:($,)!*$!2'*!*>'%!75E!4,0!5#$J&)'!07*#&*&$72!?$$)! #'2$7#4'2!*$!?,%&(&'2!272*,&0,-(AL!B'4,72'!$?!*>'!27#J'A!$7*4$%'2E!Q!-'(&'J'!?#$%!*>'!),*,!*> ,*! &*!C$7()!-'!%$#'!-'0'?&4&,(!?$#!ON$52!&0!K$5i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

PAGE 39

_I r 8'*'#%&0'!>$C!%'0!C>$! ,**'0)!C$#:2>$52!5'#4'&J'!*>'!&0?$#%,*&$0!,0)!2:&((2!*>'A!;,&0E! ,0)!>$C!*>'A!%&;>*!-'**'#!7*&(&S'!*>&2!:0$C(');'!C&*>&0!*>'!>$72'>$()!*$!&%5#$J'! 07*#&*&$0L /'0! &0!*>'!N,0*,!M$2,!)'!K$5i0!#';&$0! C'#'!?$70)!*$!>,J'!,!;$$)!$5&0&$0!$?!*>'!C$#:2>$52! *>'A!,**'0) ')L! =$C'J'#E!%'012 $5&0&$02!$?!C$#:2>$5 9 $-*,&0')!:0$C(');'!C'#'! 'J'0! >&;>'#!&0! *>'!['%5&#,!,#',!$?!2*7)AL!Q!2725'4*!*>,*!&0!5,#*!*>&2!C,2!-'4,72'!$?!*>'!(,4:!$?!,44'22!*$! #'2$7#4'2!&0!#7#,(!['%5&#,!J'#272!K$5i0L!Q*!2>$7()!-'!0$*')!*>,*!C$%'0!$J'#,((! >,)! %$ #'! ?,J$#,-('!J&'C2!,0)!:0$C(');'!;,&0')!?#$%!*>'!C$#:2>$52!*>,0!*>'!%'0!&0!-$*>!K$5i0!,0)! ['%5&#,L!3,#*!$?!*>'2'!?,J$#,-('!J&'C2!?#$%!#'25$0)'0*2!,#$2'!?#$%!*>'!?,4*!*>,*!%,0A!$?! *>'2'!C$#:2>$52!&04(7)')!5#,4*&4,(!72'?7(!:0$C(');'E!C>&('!,(2$!&04'0*&J&S&0; ?,#%'#2!*$! 5,#*&4&5,*'!J&,!(&J'2*$4:!'U4>,0;'2!C&*>!='&?'#!Q0*'#0,*&$0,(L JFY"801D"*==]*=+D"601$&0"*3"+I6*1+0"%"60*&+,*@1//1+$+"66*0#*'&%0181'&0"*1+*@#%A6(#'6*%"/&0",*0#* <&31/)*+.0%101#+^ r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r "&0)!$7*!%'012!&0*'#'2*!,0)!C&((&0;0'22!*$!5,#*&4&5,*'!&0!C$#:2>$52!#'(,*')!*$!?,%&(A! 07*#&*&$0L /'0!$?*'0*&%'2!*,(:')!,-$7*!*>'&#!C&((&0;0'22!*$!4$0*#&-7*'!*$!>$72'>$()!C$#:E!-'!&*!4$$:&0;! ,0)!4(',0&0;E!,0)!*>'&#!&0*'#'2*!&0!,**'0)&0;!07*#&*&$0,(!C$#:2>$52L!+>'!%'0!$?!*>'! 4$%%70&*&'2!C$7()!$?*'0!2,A!*>&0;2!(&:'!YA'2!Q!4,0!',2&(A!)$!*>'2'!*>&0;2E!&?!% A!C&?'!&2!2&4:LZ! /'0!,;#'')!*$!5,#*&4&5,*&0;!&0!>$72'>$()!)'%,0)2E!*>'A!2&%5(A!?'(*!*>,*!&*!C,201*!*>'&#!%,&0!

PAGE 40

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b6,2!4($2')!$7*!,2!,!5#$ P'4*E!*>'!?&0)&0;2!&0)&4,*')!&0!*>&2!5,5'#! 5#$J&)'!,!5$*'0*&,(!#$,)%,5!?$#!?7*7#'!)'J'($5%'0*!,;'04&'2!*$!4$02&)'#E!'25'4&,((A!&0!*>'! #';&$02!0',#!N,0*,!M$2,!)'!K$5i0!,0)!W#,4&,2L! ON,*!*>'!5'$5('!&0!*>'2'!#';&$02!>,J'!*>'!)'2&#'!,0)!4,5,4 &*A!?$#!2$(J&0;! %,0A!$?!*>'&#!5#$-('%2L!+>'!$#;,0&S,*&$012!;$,(!&2!*$!5#$%$*'!,!YV$7#0'A!*$!N'(? 9 M'(&,04'Z!&0! 4$70*#&'2!(&:'!=$0)7#,2!C>'#'!&*!$??'#2!*#,&0&0;!,0)!2755$#*!fON'&#!C$#:!4($2'(A! ?$(($C2!*>'!O0&*')!6,*&$02!N72*,&0,-('!8'J'($5%'0* W$,(2L!ON'#! &0*'#0,*&$0,(!,0)!($4,(!$#;,0&S,*&$02!,#'!C$#:&0;!*>#$7;>$7*!=$0)7#,2!*$!-7&()!?,%&(A! 4,5,4&*&'2!?$#!2'(? 9 #'(&,04'L!/A!),*,!,0)!$-2'#J,*&$02!2>$CE!>$C'J'#E!*>,*!?'C'#!*>,0!$0' 9 *>&#)! $?!*>'!>$72'>$()2!&0!*>'!#'%$*'!4$%%70&*&'2!Q 27#J'A')!#'5$#*')!,**'0)&0;!C$#:2>$52L!@>'0! ,2:')E!&?!*>'A!C$7()!,**'0)!,!C$#:2>$5E!,0!,J'#,;'!$?!0',#(A!eD!5'#4'0*!2,&)!*>'A!C$7()! ,**'0)E!C>&4>!&0)&4,*'2!,!2&;0&?&4,0*!70%'*!0'')!?$#!*#,&0&0;!&0!,;#&47(*7#'!,0)!07*#&*&$0L !M'4$%%'0),*&$02 !HL 9\'&+,*#.0%"&8 (*0#*3""0*,"3&+,6^* =$72'>$()!#'25$02'2!$J'#,((!?#$%!,((!#';&$02! &0?$#%2!72!$?!,0!$J'#C>'(%&0;!&0*'#'2*!&0!,44'22!*$!,;#&47(*7#,(!,0)!07*#&*&$0,(! C$#:2>$52L!/$#'!*>,0!IG!5'#4'0*!$?!?,%&(&'2!&0!*>'!%$2*!#'%$*'!4$%%70&*&'2!$?! ['%5&#,!,#'!0$*!#'4'&J&0;E!$#!,-( '!*$!#'4'&J'!*#,&0&0;!*>,*!*>'A!)'2&#'L![&:'C&2'E!,-$7*!^e! 5'#4'0*!$?!?,%&(&'2!&0!K$5i0!,(2$!)'2&#'!%$#'!C$#:2>$52L!Q00$J,*&J'!$7*#',4>!%&;>*!

PAGE 41

\H -#&);'!*>'2'!;,52!*>#$7;>!&0J'2*&;,*&$0!$?!C,A2!*$!)'(&J'#!'U*'02&$0!2'#J&4'2!%$#'! ($4,((A!&0!',4>!$?!*>'2'!4$%%70 &*A!#';&$02L FL 2#+61,"%*8#33.+10)*610"*#.0%"&8(*@#%A6(#'6^ /'0!&0)&4,*')!,!(,4:!$?!C$#:2>$52! ,J,&(,-('!&0!['%5&#,!&0!;'0'#,(L!j'#A!?'C!,**'0)')!ON$52!)7'!*$!,!*>#'' 9 >$7#!*#,J'(!)&2*,04'!*$!W#,4&,2!C>'#'!*>'A!%$2*!(&:'(A!C$7()!-'!>'()L!ON*! 4$02&)'#!)'J'($5&0;!?&'()!2&*'!$7*#',4>!C$#:2>$5!?$#!4$%%70&*&'2!$?!,-$7*!FD!?,%&(&'2! $#!%$#'!-A!7*&(&S&0;!,!*#,&0 9 *>' 9 *#,&0'#!,55#$,4>!?$#!',4>!4$%%70&*A!C'!J&2&*')!&0! ['%5&#,L _L 2%"&0"*'#6101D" [ 1+0"$%&0",*%"/&01#+6(1'6^ `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b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

PAGE 42

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`01/1a"*&$%#<#%"60%)*6)60"3*1+0"$%&01#+*0#*&,,%"66*+.0%101#+*&+,*/#8&/*<##,*'%#,.801#+^* /A!5'#2$0,(!$-2'#J,*&$02!&0!-$*>!['%5&#,!,0)!K$5i0!C'#'!$?!J,2*!4$??''!?,#%2! 25,00&0;!,4#$22!'J'#A!4$%%70&*A!Q!J&2&*')L!<#,-&4,!K$??''!;#$C2!-'2*!C&*>!5,#*&,( 2>,)&0;!C>&4>!4$7()!-'!5#$J&)')!-A!&0*'#4#$55&0;!C&*>!?#7&*&0;!*#''2!274>!,2!,J$4,)$2E! 4&*#72E!5(,0*,&02!,0)!-,0,0,2L!+#,&0&0;!C$#:2>$52!4$7()!>'(5!?,#%'#2!-A!$??'#&0;! ,))&*&$0,(!,44'22!*$!#',)A 9 *$ 9 5(,0*!2,5(&0;2E!C>&4>!4$7()!-'!&04$#5$#,*')!&0*$!*>'&#! 4$ ??''!?,#%2L eL -%#3#0"*.+,"%60&+,1+$*#<*13'&80*#<*<##,*_.&/10)*#+*'"#'/"*&+,*0("*"+D1%#+3"+0^ Q! $-2'#J')!,0!,-70),04'!$?!5#$4'22')!20,4:2!*>,*!%,A!,)J'#2'(A!,??'4*!07*#&*&$0,(!>',(*>! ,0)!,(2$!5$((7*'!*>'!'0J&#$0%'0*!C&*>!,447%7(,*&$0!$?!*#,2>!&0!,#',2!*>,*!( ,4:!*#,2>! 4$(('4*&$0!$#!')74,*&$0!$0!*#,2>!%,0,;'%'0*L!!ON'#!)'J'($5%'0*!,;'04&'2! 4$7()!&%5#$J'!*>'&#!07*#&*&$0,(!5#$;#,%2!-A!&04$#5$#,*&0;!')74,*&$0!,-$7*!4$%%$0! P70:!?$$)2!?$70)!&0!*>'!4$70*#A2&)'E!C>&('!,(2$!5#$%$*&0;!*#,2>!%,0,;'%'0*L

PAGE 43

\_ !B&-(&$ ;#,5>A !<(,0&SE!MA,0!,0)!3'*'#!VL!8,(AL! !"#$%&'()*+*,%-$.*/"&*,0"1'0*!.'023*4"&5.&(6*7.$-8'0* 9&'82-2-"#.&(6*'#$*:,;*<"0%#2..&(= 8,#*%$7*>!K$((';'!3#'22L!['-,0$0!6=E!fFGH_gL B,22E!V$-A!VL`L! >"&2?*@.'&(*'#$*7"&.*A&..()*B'#$*C"D.&*C3'#E.*'#$*C"//..*9&"$%82-"#* -#* !"#$%&'(= N$7*>',2*'#0!W'$;#,5>'#E!J$(!\aL!0$L!HE!FGGaE!55LDH 9 aDL B$A'#E!V'??'#2$0L! >""$*F.8%&-2?6*>""$*F"D.&.-E#2?6*'#$*B"8'0*C3'00.#E.(*/"&*A&'#(#'2-"#'0* +E&'&-'#*7"D.G.#2()*A3.*!"#$%&'(*C'(.= +>'!V$7#0,(!$?!3',2,0*!N*7)&'2!_^.F!fFGHGg!_FHL K,#*'#E!/& 4>,'(!ME!'*!,(L! F3"85(6*F.#(-2-D-2?6*'#$*H.(-0-.#8.)*A&'85-#E*23.*I8"#"G-8*JGK'82(*"/* I#D-&"#G.#2'0*L-('(2.&*"#*+((.2(*-#*I23-"K-'*'#$*!"#$%&'(=* Q0*'#0,*&$0,(!"$$)!3$(&4A!M'2',#4>! Q02*&*7*'L!3,5'#!6$L!_FL!<5#&(E!FGGaL!f<44'22')!/,#4>E!HD!FGHIgL! >**52.]],;'4$02',#4>L7%0L')7]#'4$#)]DD\GF]?&('2])2;)5_FL5)?! K'0*#,(!Q0*'((&;'04'!<;'04AL!@$#()!",4*-$$:.!=$0)7#,2L!f<44'22')!/,#4>!^E!FGHeg! >**52.]]CCCL4&,L;$J](&-#,#A]57-(&4,*&$02]*>' 9 C$#() 9 ?,4*-$$:];'$2]>$L>*%( K$(J'#2$0E!R,*>(''0E!'*!,(L! J:,I:+IF*4"&5*90'#*/"&*!"#$%&'(=* "'')!*>'!"7*7#'L!<5#&(!FGHa 8'/,**,E!",-&$!/LE!'*!,(L! 93?(-"0"E-8'0*'#$*+E&"#"G-8*9.&/"&G'#8.*"/*23.*C"//..*C&"K*-#*23.* C"#2.M2*"/*C0-G'2.*C3'#E.*'#$*,0"1'0*4'&G-#E)*+*H.D-.N=* V$7#0,(!$?!<;#&47(*7#,(!,0)!"$$)! K>'%&2*#AE!J$(!aaL!55L!DFa\ 9 DF^\L!/,#4>!eE!FGHeL "'#0,0)$!b2*#,),!,0)!WL!/&;7'(! <#4&0&';,L! 9"(-2-D.*7'(8%0-#-2?*+G"#E*B'2-#"*7.#*'#$*23.* L-&.82*'#$*J#$-&.82*I//.82(*"/*4.00 O P.-#E= V$7#0,(!$?!/7(*&47(*7#,(!K$702'(&0;!,0)!8'J'($5%'0*L! \_._!55HIH 9 FGDL!V7(A!FGHDL "$$)!,0)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHI,g!8#A!K$##&)$#!K'0*#,(!<%'#&4,!N&*7 ,*&$0!M'5$#*L! O0&*')!6,*&$02L!fV70'!FGHagL!f<44'22')!V,07,#A!HGE!FGHIg! >**5.]]CCCL?,$L$#;]_], 9 -#GIF'L5)? "$$)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHeg!"<`!N*,*.!=$0)7#,2L!f<44'22')!V,07,#A!HHE!FGHegL! >**5.]]CCCL?,$L$#;]?,$2*,*]'0]x),*,]dK]J&27,(&S' "$$)!,0)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHI-g >+;*Q:*C"%#2&?*9&"/-0.)*!"#$%&'(=* O0&*')!6,*&$02L f<44'22')!V,07,#A!HGE!FGHIg >**5.]]CCCL?,$L$#;]0#]C,*'#],T7,2*,*]4$70*#&'2y#';&$02]=68] "$$)!,0)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHDg! A3.*R%.(%#E%'0*F?(2.G)*C3'#E-#E*B-D.(*-#* !"#$%&'(= f<44'22')!/,#4>!_GE!FGHIg! >**5.]]CCCL?,$L$#;]2$&(2 9 FGHD]0'C2]0'C2 9 )'*,&(]'0]4]_Hea^a] "$$)!,0)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHHg! 4"G.#*-#*+E&-8%02%&.)*C0"(-#E*23.*,.#$.&*,'K*/"&* L.D.0"KG.#2=* f<44'22')!/,# 4>!HaE!FGHIg! >**5.]]CCCL?,$L$#;]_]&FGDG']&FGDG'G_L5)?! "$$)!<;#&47(*7#'!`#;,0&S,*&$0L!fFGHI4g! 4A;*+E&..G.#2*"#*+E&-8%02%&.)*A3.*JGK0.G.#2'2-"#* IMK.&-.#8.* O L.D.0"K-#E*C"%#2&?*C'(.*F2%$-.(*!"#$%&'( )*+E&-8%02%&'0*9&"$%82-"#= f<44'22')! V,07,#A!HFE!FGHIg! >**5.]]CCCL?,$L$#;])$4#'5]GGD]A\a_F']A\a_F'G'L>*%(!!!!

PAGE 44

\\ W($-,(!<;#&47(*7#,(!,0)!"$$)!N'47#&*A!3#$;#,%!fW""$*F.8%&-2?*9&"W.82*F.0.82.$*7%#-8-K'0-2-.(*X <44'22')!V,07,#A!aE! FGHIg! >**52.]]CCCL,#4;&2L4$%]>$%']C'-%,5]J&'C'#L>*%(sC'-%,5zI,GIHI)4?-D\\Dee,)4Ha)_4'? eG-a-) W$%'SE!<0,L!O0&*')!N*,*'2!8'5,#*%'0*!$?!<;#&47(*7#'L!W,&0!M'5$#*.!=$0)7#,2!K$??''!<007,(! FGHaL! >**52.]];,&0L?,2L72),L;$J]M'4'0*tFGW'!W($-,(!<;#&47(*7#'!,0)! "$$)!N'47#&*A!3#$;#,%L!/,A!_HE!FGH_L!f,44'22')!/,#4>!H\E!FGHIg! >**52.]]CCCL;,?25?70)L$#;]2&*'2])'?,7(*]?&('2]&0(&0' 9 ?&('2]\LtFG=$0)7#,2yW<"N3tFG5#$5$2,(L5)?! W#$$*,'#*E!KLE!j,0!B,2*'(,'#E!+LE!k!@$#()!B,0:L!fFGGFgL! Q#$.&(2'#$-#E*'#$*G.'(%&-#E*("8-'0* 8 'K-2'0)*+*G%02O $-(8-K0-#'&?*2""0*/"&*K&'82-2-"#.&( L!@,2>&0;*$0E!8LK.!@$#()!B,0:L!)$&.HGLHDIa]G 9 eFH_ 9 DGae9 \L!M'*#&'J')!?#$%! >**5.]] 2&*'#'2$7#4'2LC$#()-,0:L$#;]Q6+N`KQ<[K<3Q+<[]M'2$7#4'2]N$4&,( 9 K,5&*,( 9 <22'22%'0* 9 +$$( 99N`K<+ 9 ],00'UHL5)? W7&((u0 9 N$*$E!/L!fFGHHgL! C"%#2&?*E.#$.&*K&"/-0.)*!"#$%&'(= V,5,0!Q0*'#0,*&$0,(!K$$5'#,*&$0! <;'04A!fVQK**5.]]CCCLP&4,L;$LP5]'0;(&2>]$7#yC$#:]*>'%,*&4y&227'2];'0)'#]-,4:;#$70)]5)?]'HG>$0L5)? W7&(('0!N$*$E!/L!NL!fFGH_gL!W'0)'#!,0,(A2&2!ON**5.]]5>$*$2L2*,*'L;$J](&-#,#&'2]>$0)7#,2]F_F\e]%&24]2$( 9 DFF9 HD 9 GGGGH\y;'0,0,(A2&2>0L5)? =,((&'!b,:&0E!K,*>'#&0'!+74:'#E!,0)!b)C&0!K,2*'((,0$2L! H.( K"#$-#E*2"*23.*C"//..*C&-(-()*+*9-0"2* F2%$?*"/*>'&G.&(Z*+$'K2'2-"#(*-#*7.M-8"6*,%'2.G'0'*'#$*!"#$%&'(=* +>'!W'$;#,5>&4,(!V$7#0,(E! j$(L!H^FE!6$L!FE!V70'!FGGaL!3!HaHL Q2#,'(E!W('00!8L! L.2.&G-#-#E*F'GK0.*F-Y.= Q02*&*7*'!$?!"$$)!,0)!<;#&47(*7#,(!N4&'04'2!fQ"**52.]]CCCL52A4>$($25>'#'L4$%]8'*'#%&0&0;tFG2,%5('tFG2&S'tFG-AtFGW('0tFGQ2#,'(L5)?! R''2!V,02'0!,0)!b2*>' #!M$T7,2L! 7"$.&#-Y-#E*J#(.8%&-2?)*A3.*B'#$*A-20-#E*9&"W.82*-#*!"#$%&'(=* 8'J'($5%'0*!,0)!K>,0;'!j$(L!FIE!eH 9 HGaE!fHIIegL [,#2$0E!V,0'(('!BE!'*!,(L! ,.#$.&6*!"%(.3"0$*>""$*F.8%&-2?6*'#$*L-.2'&?*L-D.&(-2?*-#*4.(2.&#* !"#$%&'(= W($-,(!"$$)!N'47#&*AL!6$J'%-'#E!FG H^L [$%$*E!ML!fFGH_gL! ,.#$.&*$-(8&-G-#'2-"#)*+*K&"10.G*(2%#2-#E*!"#$%&'(Z*.#2-&.*.8"#"G?= !!W($-,(! /,P$#&*A!b 9 V$7#0,(!\fHgE!HD 9 FaL

PAGE 45

\D /'##&((E!+&%L!! !"#$%&'()*+*C"%#2&?*F2%$? L!@,2>&0;*$0.!W3`!?$#!*>'![&-#,#A!$?!K$0;#'22E!HIIDL! f<44'22')!V,07,#A!HHE!FGHIg! >**5.]]4$70*#A2*7)&'2L72]>$0)7#,2] /&4>,'(!W(,0*S!,0)!8,('!V,%&'2$0L! F"8-.2'0*H.(K"#(.*2"*!%&&-8'#.*7-283*'#$*J#2&' O D.&(%(* J#2.&E.#.&'2-"#'0*I[%-2?*J((%.()*43"(.*:"&G(*F3"%0$*+KK0?\* M&2:!<0,(A2&2!j$(LFGE 6$L!aL!fFGGGgL 6;7A'0 9 +>,0!N$0EK>& 9 ",#0!K>'0EK>'0; 9 M7!K>'0E! 7'KK-#E*Q&1'#*,&"N23*"/*23.*C'K-2'0*C-2?*"/* !"#$%&'(*/&"G*B'#$('2*L'2'*Q(-#E*23.*JGK.&D-"%(*F%&/'8.*>&'82-"#*+0E"&-23G=* W'$4,#*$! Q0*'#0,*&$0,(!_H._!fFGHagL! >**52.]]CCCL*,0)?$0(&0'L4$%])$&],-2]HGLHGeG]HGHGaG\ILFGHDLHG\^\aIsP$7#0,(K$)'z*;'&FG 3,7(&0$!"$0*!W&(,-'#*E!+>$%,2!8&'*SE!,0)!V,0&0,!W#,-2L! 4"G.#Z(*IGK"N.&G.#2*-#*H%&'0* !"#$%&'()*J#(-E32(*/&"G*' P'(.0-#.*F2%$?*-#*'#*!H:F*9&"W.82*F-2.*-#*;8"2.K.[%.*'#$*C"K]#6* !"#$%&'(=* +#,02!N72*,&0!M'2',#4>L!"'-#7,#A!_E!FGHaL!f<44'22')!8'4'%-'#!_GE!FGHeg! >**52.]]CCCL70&%7'02*'#L)']&%5'#&,]%)]4$0*'0*]*#,02272*,&0];'0)'#y'%5$C'#%'0*y&0y>$ 0)7#,2y*#,02272*,&0L5)?! 3'#'S 9 b24,%&((,E!M,?,'(E!'*!,(L! 9&.0'82.'0*>..$(*'&.*:.E'2-D.0?*+(("8-'2.$*N-23*P&.'(2 O >..$-#E* ;%28"G.(*-#*!"#$%&'(= +>'!V$7#0,(!$?!6 7*#&*&$0E!j$(L!HFa!0$L!HHE!6$J'%-'#!HIIaL!55L!F^aD 9 F^^_L 3&'(:'E!M$;'#E!'*!,(LE!fFGG_gL! !%&&-8'#.*<%0#.&'1-0-2?*-#*B'2-#*+G.&-8'*'#$*A3.*C'&-11.'#)* :"&G'0-Y.$*L'G'E.*'#$*B"((*9"2.#2-'0(=*:'2%&'0*!'Y'&$(*H.D-.N=*<"0*^= <7;72*!FGG_! >**52.]]CCCL#'2',#4>;,*'L0'*]57-(&4,*&$0]F_^\aHFI^y=7##&4,0'yj7(0'#,-&(&*Ay&0y[,*&0y<%'# &4,y,0)y+>'yK,#&--',0y6$#%, (&S')y8,%,;'y,0)y[$22y3$*'0*&,(2 M$2'0-'#;E!/,#:!BL! :'&8"(*'#$*9"0-2-8"()*A3.*9"0-2-8(*"/*L&%E*A&'//-85-#E*-#*!"#$%&'(= Q0*'#,%'#&4,0!N*7)&'2!,0)!@$#()!#&'2E!'*!,(L ;K.#-#E*C&'85(*/"&*23.*A&'#(E&.((-"#*"/*F"8-'0*P"%#$'&-.()*+#*ID'0%'2-"#* "/*,.#$.&*JGK'82(*"/*>'&G.&*H.(.'&83*A.'G(*-#*!"#$%&'(= @$#()!8'J'($5%'0*E!j$(L!\GE!Q227'! HGE!`4*$-'#!FGHFL!35!FG^e9 FGIDL N:&00'#E!bL!FGHHL!W'0)'#!,0)!K(&%,*'!K>,0;'!`J'#J&'C!M'5$#*L![$0)$0.!Q02*&*7*'!$?! 8'J'($5%'0*!N*7)&'2L!M'*#&'J')!?#$%! >**52.]]CCCL;'0)'#&0;'#%,0)'J'($5%'0*L0'*]472*$%]&%,;'2]4$0*'0*B&()'#W,('#&']-&()'#W,( '#&'HGGGDH\]BMQ8Wb 9 WQc 9 W'0)'# 9 ,0) 9 4(&%,*' 9 4>,0;' 9 FGHH 9 b6L5)? N7S,00,!N%&*>!,0 )!R,%,(!B>,**,4>,#AA,L! 7.#Z(*9.&8.K2-"#(*"/*A3.-&*H"0.(*'#$*J#D"0D.G.#2*-#* !"%(.3"0$*L.8-(-"#(*'&"%#$*>""$*-#*H%&'0*P'#E0'$.(3= ON'!"7*7#'!FGHaL!f<44'22')! 8'4'%-'#!F^E!FGH^g! >**5.]]&0;'0,'2L&((&0$&2L')7]C59 4$0*'0*]75($,)2]Q6W 9 K,2' 9 N*7)A 9 FGHayGI9 /'02 9 3,#*&4&5,*&$0 9 B,0;(,)'2> 9 FGHayGIyFIL5)? +>$#5'E!<0)AL! +E&'&-'#*7"$.&#-('2-"#*-#*!"#$%&'(= ['C&2*$0.!+>'!b)C&0!/'(('0 3#'22E!FGGFL

PAGE 46

\a +74:'#E!K,*>'#&0'!/L! C"//..*C%02%&.)*B"8'0*IMK.&-.#8.(6*,0"1'0*C"##.82-"#(= 6'C!X$#:!,0)! [$0)$0.!M$7*(');'!fFGHHg!5L!HH_L O0&*')!6,*&$02!8'J'($5%'0*!3#$;#,%%'!fO683gL!! C0-G'2.*H-(5*7'#'E.G.#2*/"&*FG'003"0$.&* +E&-8%02%&.*-#*!"#$%&'(= fFGH_gL!B7#',7!?$#!K#&2&2!3#'J'0*&$0!,0)!M'4$J'#A!fBK3MgL 6'C!X$#:E! 6X.!O683!BK3ML!f<44'22')!8'4'%-'#E!FGHeg!>**5.]]CCCL&&2)L$#;]5)?]FGH_]4#%y>$0)7#,2L5)? O0&*')!6,*&$02L!=$0)7#,2!K$70*#A!/,5L! >**5.]]CCCL70L$#;]8'5*2]K,#*$;#,5>&4]%,5]5#$?&(']>$0)7#,2L5)? O0&*')!6,*&$02L! 7'K*:"=*_`ab*H.D=*_= !!/,AE!FGG\L!8'5,#*%'0*!$?!3',4':''5&0;!`5'#,*&$02! K,#*$;#,5>&4!N'4*&$0L O0&*')!6,*&$02L! H.K"&2*"/*23.*Q#-2.$*:'2-"#(*XQ:c*!%&&-8'#.*7-283*J#/"&G'2-"#*C.#2.&*H.K"&2* "#*L'G'E.)*Q:*!"#$%&'(*F-2%'2-"#*H.K"&2*:"=*U=* 6$J'%-'#!_E!HIIeL!Kd!3#'22E!@,2>&0;*$0! 8LKL O0&*')!6,*&$02L! F%(2'-#'10.*L.D.0"KG.#2*,"'0()*d#"N0.$E.*90' 2/"&G= f<44'22')!/,#4>!^E! FGHIgL! >**52.]]272*,&0,-(')'J'($5%'0*L70L$#;]s%'07zH_GG O0&*')!6,*&$02!K$%*#,)'!8,*,-,2'L! 43'2*$-$*!"#$%&'(*IMK"&2*-#*STUb\ f<44'22')!/,#4>!HDE! FGHIg! >**5.]],*(,2L4&)L>,#J,#)L')7]'U5($#']s4$70*#AzIIk5,#*0'#z70)'?&0')k5#$)74*z70)'?&0')k5# $)74*K(,22z=Nk2 *,#*X',#z70)'?&0')k*,#;'*z3#$)74*kA',#zFGHa O0&*')!N*,*'2!8'5,#*%'0*!$?!<;#&47(*7#'!"$#'&;0!<;#&47(*7#,(!N'#J&4'!fON8<"**52.]]CCCL?,2L72),L;$J]),*,]>$0)7#,2 9 4$??'' 9 ,007,( 9 F O0&J'#2&*A!$?!Q((&0$&2L! J#2.E&'2-#E*,.#$.&*'#$*:%2&-2-"#*N-23#*+E&-8%02%&'0*IM2.#(-"#*F.&D-8.(* XJ:,I:+IFc=* fFGHagL!M'*#&'J')!?#$%! >**52.]]&0;'0,'2L&((&0$&2L')7! ON..$*23.*>%2%&.*C"%#2&?*9&"/-0.)*!"#$%&'(= fFGHI,g! >**52.]]CCCL?'')*>'?7*7#'L;$J]4$70*#A]>$0)7#,2 ON..$*23.*>%2%&.=* fFGHI-g! >**52.]]CCCL72,&)L;$J]C>,* 9 C' 9 )$],;# &47(*7#' 9 ,0) 9 ?$$)9 2'47#&*A]&04#',2&0;9 ?$$)9 2'47#&*A 9 *>#$7;> 9 ?'')9 ?7*7#' ON""$*F.8%&-2?*F2&'2.E?)*!"#$%&'(*C"%#2&?*90'#=* f/,#4>!FaE!FGHe,Lg!f<44'22')! V,07,#A!HGE!FGHIgL! >**52.]]CCCL72,&)L;$J]2&*'2])'?,7(*]?&('2])$47%'0*2]Hea^]=$0)7#,2yW"NNyK$70*#Ay3(,0yJ\L GyDGeyK$%5(&,0*yeLH_LHeL5)? ON ""$*+((-(2'#8.*>'82*F3..2)*!"#$%&'(= f6$J'%-'#!HDE!FGHeLg!f<44'22')!/,#4>!HaE! FGHIgL! >**52.]]CCCL72,&)L;$J]>$0)7#,2]?$$)9 ,22&2*,04' !!!

PAGE 47

\^ ON@*STUT*JGK0.G.#2'2-"#*90'#=* "'')!*>'!"7 *7#'E 6$J'%-'#!_GE!FGHHL >**52.]]CCCL?'')*>'?7*7#'L;$J]#'2$7#4']>$0)7#,2 9 ?'')9 *>' 9 ?7*7#' 9 ?AFGHG 9 &%5('%'0*,*&$0 9 5(,0] ON!^*>E!FGHeL c* 322K()ee'E&-0-#5(="&Ee'8 2-D-2-.(e-#E.#'.( O -#2.E&'2-#E O E.#$.& O '#$O #%2&-2-"#O N-23-# O 'E&-8%02%&'0 O .M2.#(-"# O (.&D-8.(! ON!^E!FGHIg! >**52.]]CCCL72,&)L;$J]2'(?#'(&,04' ON**52.]]CCCL72,&)L;$J]C>$ 9 C' 9 ,#']%&22&$0 9 J&2&$0 9 J,(7'2 OLNL!W$J'#0%'0*!W($-,(!"$$)!N'47#&*A!N*#,*';A!"X FGH^9 FGFH! > **52.]]CCCL?'')*>'?7*7#'L;$J]#'2$7#4']7 9 2 9 ;$J'#0%'0* 9 ;($-,( 9 ?$$) 9 2'47#&*A 9 2*#,*';A 9 ?A 9 FGH^ 9 FGFH9 27%%,#A 9 '0;(&2>] +>'!@$#()!B,0:L!+>'!@$#()!B,0:!&0!=$0)7#,2.!`J'#J&'CL!f<44'22')!V,07,#A!HFE!FGHILg! CCCLC$#()-,0:L$#;]'0]4$70*#A]>$0)7#,2]$J'#J&'CxH

PAGE 48

\e L !<55'0)&U!< !"$472!W#$75!d7'2*&$02!b0;(&2> !`J'#,#4>&0;!T7'2*&$0!?$#!5#'2'0*'#. !"N*$".(*G'(8%0-#-2?*'//.82*23.*N-00-#E#.((*"/*G'0.(*2"*K'&2-8-K'2.*-#*E.#$.&*'#$*#%2&-2-"#*2&'-#-#E*'#$* 'KK0?*5#"N0.$E.*-#*23.*3"%(.3"0$\ "$472!W#$75!d7'2*&$02!4#&*'#&,.! |`0'!%,('!,0)!$0'!?'%,('!?$472!;#$75! 4$0)74*')!5'#!4$%%70&*A |3,#*&4&5,0*2!%72*!-'!$J'#!*>'!,;'!$?!He |3,#*&4&5,0*2!%72*!;&J'!4$02'0*!J&,!C#&**'0!?$#%!,0)!$#,((A!#'4$#)')!$0!$7#!)&;&*,(!#'4$#)&0;!)'J&4'L Q6N+MOK+Q`6N.!<2:!07%-'#')!T7'2*&$02L!+$!:''5!5#$;#'22&$0!$?!?$472!;#$75!*$5&4!,2:!27-*$ 5&42!Y,J']>,)!4>&()#'0E!C>,*!C$7()!A$7!(&:'!*$!2''!&0!*>'&#!?7*7#'2s ,J'!4>&()#'0E!C>,*!C$7()!A$7!(&:'!$*>'#12!4>&()#'0!*$!(',#0!,-$7*s! BLg!@>,*!)&??'#'04'2!)$!A$7!*>&0:!*>&2!754$%&0;!;'0'#,*&$0!$?! :&)2!>,J'!*>,*!A$7#!;'0'#,*&$0! )$'201*!>,J's KLg!}'!%,('!4>&()#'0!&0!A$7#!4$%%70&*A!)$!*>'!2,%'!C$#:E!5(,AE!,0)! *,2:2!A$7!)&)!,2!,!4>&()s 8L!g}'!?'%,('!4>&()#'0!&0!A$7#!4$%%70&*A!)$!*>'!2,%'!C$#:E!5(,AE! ,0)!*,2:2 A$7!)&)!,2!,!4>&()s FLg @>,*!)$!A$7!*>&0:!&2!*>'!-&;;'2*!4>,(('0;'!A$7#!4$%%70&*A!?,4'2!&0!*'#%2!$?!,;#&47(*7#'! 5#$)74*&$0s &2!4>,(('0;'!>7#*!*>'!J,#&'*A!$?!?$$)!A$7#!?,%&(A!#'4'&J'2s! BLg!8$!*>'2'!4>,(('0;'2!&%5,4*!A$7#!)&'*E!J,#&'*A!,0)]$#!*>'! ,%$70*!$?!?$$)!A$7!>,J's _Lg =$C!>,J'!%'012!*#,)&*&$0,(!#$('2!5(,A')!&0*$!A$7#!C$#:!&0!-$*>!>$%'!,0)!&0!*>'!?&'()s ,*!%'0!)$!),A 9 *$ 9 ),A!J'#272!C>,*!C$%'0!)$!),A 9 *$ 9 ),A! BLg![&:'C&2'!>$C!>,J'!C$%'012!*#,)&*&$0,(!#$('2s

PAGE 49

\I !KLg!8$! %'012!$#!C$%'012!*#,)&*&$0,(!#$('2!4$0*#&-7*'!*$!*>'!C,A!,;#&47(*7#'!C$#:!>,55'02s 8Lg!8$!%'012!$#!C$%'012!*#,)&*&$0,(!#$('2!&0*'##75*!*>'!C,A!,;#&47(*7#'!C$#:!>,55'02s! \Lg Q!>',#!,-$7*!*>'!C$#)!Y/,4>&2%$Z!,((!*>'!*&%'L!<2!,!5'#2$0!?#$%!*>'!47(*7#'!,0)!4$0*'U *!$?!*>'! O0&*')!N*,*'2E!Q!C$7()!(&:'!*$!:0$C!-'**'#!C>,*!*>&2!&2!)'?&0')!*$!-'!&0!A$7#!$5&0&$02s! ,*!,#'!A$7#!*>$7;>*2!,-$7*!*>'!#$('!$?!/,4>&2%$!&0!*>'!>$72' 9 2'**&0;!&?!A$7!5'#4'&J'!&*!*$! 'U&2*s BLg!@>,*!,#'!A$7#!*>$7;>*2!,-$7*!/,4>&2%$!$7*2&)'!$?!* >'!>$72' 9 2'**&0;E!&0!5(,4'2!274>!,2! C$#:E!$#!5'#>,52!*#,J'(!&?!A$7!5'#4'&J'!&*!*$!'U&2*s DLg Q?!A$7!$#!A$7#!?,%&(A!>,J'!5,#*&4&5,*')!&0!<;#&47(*7#']07*#&*&$0!C$#:2>$52!,0)!*#,&0&0;2E!>,J'! *>'!2,&)!*#,&0&0;2!,0)!<;#&47(*7#,(!bU*'02&$0!C$#:2>$52!>'(5')!A$7!,0)! A$7#!?,%&(As $Cs! BLg!Q?!2$E!4$7()!A$7!*'((!72!,-$7*!,!5,#*&47(,#!'J'0*!*>,*!2*$$)!$7*!&0!A$7#!%&0)!?#$%!,!*#,&0&0;s KLg!Q?!0$*E!C>A!0$*s! 8Lg!Q?!0$*E!4,0!A$7!*'((!72!,-$7*!>$C!A$7!?''(!*>'2'!*#,&0&0;2!,0)!C$#:2>$52!?,&(!A$7s b Lg!@>,*!C$7()!A$7!4>,0;'!&0!*>'2'!C$#:2>$52s aLg 8$!%'0!;'0'#,((A!5,#*&4&5,*'!&0!*>'!,;#&47(*7#'!C$#:2>$52s! $%'J'#!&2!;&J&0;!*>'!C$#:2>$5]*,(:s! BLg!8$!%'0!72'!,0A!$?!*>'!5#,4*&4'2!*>'A!(',#0!?#$%!*>'!C$#:2>$52!,*!>$%'!$#!C$#:s KLg!8$ C$%'0!72'!,0A!$?!*>'!5#,4*&4'2!*>'A!(',#0!?#$%!*>'!C$#:2>$52!,*!>$%'!$#!C$#:s ^Lg "&0,((AE!0$C!*>,*!C'!,#'!,*!*>'!'0)!$?!*>&2!)&24722&$0E!C>,*!)$!A$7!*>&0:!$J'#,((s '#'!,0A*>&0;!'(2'!A$7!C&2>!C'!*,(:')!,-$7*!%$#'s! BLg!Q2!*>'#'!,0A*>&0;!'(2'!A$7!*>& 0:!C'!2>$7()!:0$CE!$#!A$7!C$7()!(&:'!*$!,))!*$!*>&2! 4$0J'#2,*&$0s !!!

PAGE 50

!" # # #$%%&'()*#+ #+,-'.#/012&3#45%3#6#7'8,)9: # # ;$<=#># ? # @47#+<7$A7<#$BC#@B=
PAGE 51

!> # # # ;$<=#U# ? # V509&:5,(#L55(#45'90M%P)5'W#<&9%5'9)N),)P)&9#-'(#C&S)9)5' X I-.)'8 # /012&351#/P-P&M&'PJ#YB5O#@ZM#85)'8#P5#-9.#350#95M&#[0&9P)5'9#-N50P#\55(#350#&-P#)'#3501#:5M&W#-'(#P:,&9#N&:)'(# \55(#%1&%-1-P)5'] ##/E# # /%509&`````QQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV#M&MN&1`a # DP:&1#M-,&#VV#M&MN&1``Qb # DP:&1#\&M-,&#BDB X VV#M&MN&1QQQQQQ! # DP:&1#M-,&#BDB X VV#M&MN&1``QQQc # d5)'P#\&M-,&9#e#9&,\`````QQ```QQf # d5)'P#\&M-,&9# ? # 9&,\````````QQQg # d5)'P#M)*&(#9&*#e#9&,\```````h # d5)'P#M)*&(#9&*# ? # 9&,\``````Q>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK # '" R:5#(&S)(&9#O:-P#S15%9# 350# O),,#815O#P5#9&,,T # /&,\````Q```QQQQQQQQQQQQQQQQQQ># # /%509&`````QQQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV#M&MN&1`Qa # DP:&1#M-,&#VV#M&MN&1``Qb # DP:&1#\&M-,&#BDB X VV#M&MN&1QQQQQQQ! # DP:&1#M-,&#BDB X VV#M&MN&1```QQc # d5)'P#\&M-,&9#e#9&,\`````QQ````f # d5)'P#\&M-,&9# ? # 9&,\# `````````Qg # d5)'P#M)*&(#9&*#e#9&,\```````h # d5)'P#M)*&(#9&*# ? # 9&,\``````Q>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK # (" R:-P#-')M-, X N-9&(# \55(9#(5#350#%15(0S&#\51# 35019&,\T # 4:&&9& # 4:)S.&' # 45O # 7889 # L)9: # _5-P # I),. # /501#41&-M # ;51. # DP:&1J#KKKKKKKKKKKKKK #

PAGE 52

!U # # # )" R:5#(&S)(&9#O:-P# -')M-,9#350#O),,#1-)9&#P5# &-PT # /&,\``QQQQQQQQQQQQQQQQQQQQQ># # /%509&#QQQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV# M&MN&1``a # DP:&1#M-,&#VV#M&MN&1``Qb # DP:&1#\&M-,&#BDB X VV# M&MN&1QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ! # DP:&1#M-,&#BDB X VV#M&MN&1``c # d5)'P#\&M-,&9#e#9&,\`````Q Q`f # d5)'P#\&M-,&9# ? # 9&,\#``````Qg # d5)'P#M)*&(#9&*#e#9&,\```````h # d5)'P#M)*&(#9&*# ? # 9&,\``````Q>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK # *" R:-P#\55(9#\15M#-')M-,9# (5#350#%15(0S&#P5#9&,,T # 4:&&9& # 4:)S.&' # 45O # 7889 # L)9: # _5-P # I),. # /501#41&-M # ;51. # DP:&1J#KKKKKKKKKKKKKK # +" R:5#(&S)(&9#O:-P# -')M-,9#350#O),,#1-)9&#P5# 9&,,T # /&,\````Q```QQQQQQQQQQQQQQQQQQ># # /%509&`````QQQQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV#M&MN&1`a # DP:&1#M-,&#VV# M&MN&1``QQb # DP:&1#\&M-,&#BDB X VV#M&MN&1QQQQQQQ! # DP:&1#M-,&#BDB X VV#M&MN&1```QQc # d5)'P#\&M-,&9#e# 9&,\`````QQ````f # d5)'P#\&M-,&9# ? # 9&,\#`````````Qg # d5)'P#M)*&(#9&*#e#9&,\```````h # d5)'P#M)*&(#9&*# ? # 9&,\``````Q>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK # !," R:-P#\55(9#(5#350# %01S:-9&T # /08-1 # +1&-( # 4:01159 # 45\\&& # 45'90M& # 7889 # /O&&P9 # I&-PJ#KKKKKKKKKKKKKKKKK # <)S& # /5(-#=51P),,-9#iS51'j#=51P),,-9#i\,501j# DP:&1J#KKKKKKKKKKKKKKKKK # !!" R:5#(&S)(&9#O:-P#\55(9# 350#O),,#%01S:-9&T # /&,\````Q```QQQQQQQQQ># # /%509&```QQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV# M&MN&1``````Q`a # # DP:&1#M-,&#VV#M&MN&1`````QQ`Qb # DP:&1#\&M-,&#BDB X VV#M&MN&1QQQQQQQ! # DP:&1 # M-,&#BDBX VV#M&MN&1```QQc # d5)'P#\&M-,&9#e#9&,\`````QQ````f # d5)'P#\&M-,&9# ? # 9&,\#`````````Qg # d5)'P#M)*&(#9&*#e#9&,\```````h # d5)'P#M)*&(#9&*# ? # 9&,\``````Q>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK # !$" R:5#S55.9#)'#P:&# V509&:5,(T # /&,\````QQQQQQQQQQQQQQQQ># # /%509&QQQQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV# M&MN&1`````Q`a # DP:&1#M-,&#VV#M&MN&1``````Qb # DP:&1#\&M-,&#BDB X VV#M&MN&1QQQQQQQ! # DP:&1#M-,&#BDB X VV#M&MN&1```QQc # d5)'P#\&M-,&9#e#9&,\`````QQ````f # d5)'P#\&M-,&9# ? # 9&,\#```````Q Q g # d5)'P#M)*&(#9&*#e#9&,\`````` QQh # d5)'P # M)*&(#9&*# ? # 9&,\``````>" # DP:&1J#KKKKKKKKKKKKKKKKKKKKKK #

PAGE 53

!a # # # !%" R:-P#.)'(#5\#9P52&#(5# 350#S55.#O)P:T# # D%&'#\)1&``````````Q> # a X 9P5'&#\)1&`````````U # =1-()P)5'-,#N1)S. X 52&'```a # =1-()P)5'-,#4,-3 X /P52&#``````! # @M%152&(#4,-3#/P52&``c # _-9#D2&'6#7,&SP1)S#52&'`````f # DP:&1```````````````QQg # !&" C5#350#:-2&#-#:509&# 8-1(&'T # F&9```Q> # B5`QQ`QQU # -.#/012#345#67801#97:0#5.#;6< # # !'" C5#350#&-P#N1&-.\-9P#5'# -#'51M-,#(-3T # F&9```Q> # B5`QQ`QQU # -.#=012#3476#>5#=5?#076#.5:#@:078.716# 5A#7#A5:B7C#>7=< # +&-'9# 45\\&& # 7889 # I),. # <)S& # =51P),,-9 # DP:&1JKKKKKKKKKK KKKKKKKKK # !(" C5#350#&-P#,0'S:#5'#-# '51M-,#(-3T # F&9```Q> # B5`QQ`QQU # -.#=012#3476#>5#=5?#076#.5:#C?A94#5A#7# A5:B7C#>7=< # +&-'9# 45\\&& # 7889 # I),. # <)S& # =51P),,-9 # DP:&1JKKKKKKKKKK KKKKK # !)" C5#350#&-P#()''&1#5'#-# '51M-,#(-3T # F&9```Q> # B5`QQ`QQU # -.#=012# 3476#>5#=5?#076#.5:#>;AA0:#5A#7# A5:B7C#>7=< # +&-'9# 45\\&& # 7889 # I),. # <)S& # =51P),,-9 # DP:&1JKKKKKKKKKK KKKKK # !*" C5#350#&-P#9'-S.9#5'#-# '51M-,#(-3T # F&9```Q> # B5`QQ`QQU # -.#=012#3476#>5#=5?#076#.5:#1A7981#5A#7# A5:B7C#>7=< # +&-'9# 45\\&& # 4:)%9 # 7889 # I),. # <)S& # =51P),,-9 # /5(# /O&&P9#iC0,S&9j # DP:&1JKKKKKKKKKK KKKKK # !+" R:5#(&S)(&9#O:-P#\55(9# 350#O),,#&-P#(01)'8#-# '51M-,#(-3T # /&,\````Q```QQQQQQQQQQQQQQQQQQQQQQQQQQ># # /%509&`````QQQQQQQQQQQQQQQQQQQQQQQQQQQU # DP:&1#\&M-,&#VV#M&MN&1``QQ`a# DP:&1#M-,&#VV#M&MN&1````QQb # DP:&1#\&M-,&#BDBX VV#M&MN&1QQQQQQQ! # # DP:&1#M-,&#BDB X VV# M&MN&1```````QQQQc # d5)'P#\&M-,&9#e#9&,\```f # d5)'P#\&M-,&9# ? # 9&,\``Qg # d5)'P#M)*&(#9&*#e# 9&,\````h # d5)'P#M)*&(#9&*# ? 9&,\````>" # DP:&1J# KKKKKKKKKKKKKKK

PAGE 54

!b # # # KKKK # # ;$<=#a# ? # ;&1S&%P)5'9#5\#V509&:5,(#B0P1)P)5'#-'(#=1-)')'89 ## /012&351#/P-P&M&'PJ#YB5O#@#-M#85)'8#P5#-9.#350#95M&#[0&9P)5'9#-N50P#'0P1)P)5'Q]# ##/E # B5`QQ`QQU # D-.#=01EF#G;64#3476#5:H7A;I76;5A1< # $$" @'#3501#5%)')5'W#-1&#'0P1)P)5'#P1-)')'89# P3%)S-,,3#)'P&'(&(#\51#M&'#51#\51#O5M&'T # I&'```Q> # R5M&'QQQU # +5P:```a # $%" V-2P:&19#)'#3501#:509&:5,(#%-1P)S)%-P&(# )'#'0P1)P)5'#P1-)')'8T # F&9```Q> # B5`QQ`QQU # $&" V5O#M0S:#5\#3501#.'5O,&(8&#-N50P# '0P1)P)5'#:-9#S5M&#\15M#P1-)')'89T # B6$````````> # B5'&```````U # H&13#,)PP,&```QQQQa # /5M&`````QQ`b # H&13#M0S:`QQ``! # $,,``````Q``Qc # $'" @\#350#:-2&#%-1P)S)%-P&(#)'#-#'0P1)P)5'-,# P1-)')'8W#(5#350#\&&,#,).Ş#:-2&#,&-1'&(# B6$ # F&9```Q> # B5`QQ`QQU # =:)'89#^&-1'&(#)\#;-1P)S)%-P&(J #

PAGE 55

!! # # # -'3P:)'8#\15M#P:&9&#'0P1)P)5'-,#P1-)')'89T # $(" V-2Ş#&2&1#%-1P)S)%-P&(#)'#-81)S0,P01&# P1-)')'89T # F&9```Q> # B5`QQ`QQU # D-.#=01EF#G;64#3476#5:H7A;I76;5A1< # $)" @\#350#:-2&#%-1P)S)%-P&(#)'#-'#-81)S0,P01-,# P1-)')'8W#O:5#O-9#)'2)P&(#P5#)PT # I&'``Q> # R5M&'```QQU # J640:#;.#A56#H0A>0: K 1L09;.;9E # $*" @'#3501#5%)')5'W#-1&#-81)S0,P01&#P1-)')'89# P3%)S-,,3#)'P&'(&(#\51#M&'#51#O5M&'T # I&'```Q> # R5M&'QQQU # +5P:```a # # $+" V-2P:&19#)'#3501#:509&:5,(#%-1P)S)%-P&(# )'#-81)S0,P01&#P1-)')'8T # F&9```Q> # B5`QQ`QQU # D-.#=01EF#G45#0C10#471#L7:6;9;L760>< # # # %," R:-P#()(#350#,&-1'#\15M#P:&#$81)S0,P01&# P1-)')'89#)\#350#%-1P)S)%-P&(#)'#P:&MT # B6$`Q> # <&9%5'9&J # /012&351#/P-P&M&'PJ#YB5O#@#-M#85)'8#P5#-9.#350#95M&#[0&9P)5'9#-N50P#\55(9#350#&-P#)'#3501#:5M&Q]# ##/E # B5P#^).&,3`QQQU##################################################### M53#C;80C=#.5:#35B0A< #

PAGE 56

!c # # # %$" +-9&(#5'#3501#(&\)')P)5'#5\#Y'0P1)P)5'W]#:5O# M0S:#(5#350#P:)'.#-N50P#'0P1)P)5'#O:),&# S55.)'8#\55(T # <&9%5'9&J # %%" +-9&(#5'#3501#(&\)')P)5'#5\#Y'0P1)P)5']#(5# 350#\&&,# P:-P#P:&#M&'#)'#P:&#:509&S&)2&# -(&[0-P&#'0P1)P)5'T # F&9``QQ> # B5``U # D-.#A5EF#G4=< # %&" +-9&(#5'#3501#(&\)')P)5'#5\#Y'0P1)P)5']#(5# 350#\&&,#P:-P#P:&#%1&8'-'P6'019)'8#O5M&'# )'#P:&#:509&S&)2&#-(&[0-P&#'0P1)P)5'T # F&9``QQ> # B5``U # B6$`QQa#iB5#%1&8'-'P6'019)'8# O5M&'j # D-.#A5EF#G4=< # %'" +-9&(#5'#3501#(&\)')P)5'#5\#Y'0P1)P)5']#(5# 350#\&&,#P:-P#P:&#S:),(1&'#)'#P:&#:509&# 1&S&)2&#-(&[0-P&#'0P1)P)5'T # F&9```Q> # B5`QQ`QQU # B6$``Qa#iB5#S:),(1&'#)'#:509&j # D-.#A5EF#G4=< # /012&351#/P-P&M&'PJ#YB5O#@#-M#85)'8#P5#-9.#350#95M&#[0&9P)5'9#-N50P#O51.9:5%96P1-)')'89#P:-P#:-2&#:-%%&'&(#)'#P:&# %-9P#)'#3501#S5MM0')P3Q]# #/E # B5P#^).&,3``U########### -.#C;80C=2#3476#35:8145L1#35?C>#=5?#C;80#65#100#;A#=5?:#95BB?A;6=< # %)" $1&#P:&1&#O51.9:5%96P1-)')'89#350#:-2&# M)99&(#50P#5'#85)'8#P5T # F&9```Q> # B5`QQ`QQU # D-.#=01EF#G4=< #

PAGE 57

!f # # # %*" V5O#,).&,3#)9#)P#\51#O5M&'#P5# %-1P)S)%-P&#)'# O51.9:5%9#51#P1-)')'89T # ^).&,3```QQQ> # B5P#^).&,3``U # D-.#A56EF#G4=< # %+" V5O#,).&,3#)9#)P#\51#M&'#P5#%-1P)S)%-P&#)'# O51.9:5%9#51#P1-)')'89T # ^).&,3```QQQ> # B5P#^).&,3``U # D-.#A56EF#G4=< # &," R:&'#O51.9:5%9#:-%%&'#)'#P:&#S5MM0')P3W# (5#P:&3#)'2)P',3# M&'W#51#5',3#O5M&'T # F&9```Q> # B5`QQ`QQU # G4=#>5#=5?#64;A8#6476#;1< # # ;$<=#b# ? # D%&' X 7'(&(#G0&9P)5'9 #N?:O0=5:#16760B0A6E#PQ47A8#=5?#.5:#H066;AH#64;1#.7:2#30#7:0#A53#76#640#C716#L7:6#5.#640#1?:O0="#-RB#H5;AH#65#718#=5?#15B0#.5C C53#?L# S?016;5A1#A53#7@5?6#45?1045 C>#:5C012#.55>2#7A>#A?6:;6;5A"T # /E
PAGE 58

!g # # # &&" @#'5P)S&(#P:-P#350#9-)(#P:-P#kM&'6O5M&'l#-1&9%5'9)N,&#\51#KKKKKKKKK # )'#P:&#:509&:5,(W#N0P#P:-P#kM&'6O5M&'l#-1&#,).&,3#P5# %-1P)S)%-P&#-9#O&,,Q#R:&'#-1&#kM&'6O5M&'l#,).&,3#P5#:&,%T# # # &'" F50#M&'P)5'&(#P:-P#350#:-2&#%-1P)S)%-P&(#)'#i'0P1)P)5'68&'(&16-81)S0,P01&j#P1-)')'8Q#R:-P#()(#350#P:)'.#-N50P#P:&#P1-)')'8T# # m C)(#350#09&#P:&# )'\51M-P)5'T # m V-2Ş#09&(#-'3#5\#P:&#)'\51M-P)5'#-P#:5M&T # &(" @9#P:&1&#-'3P:)'8#350#O50,(#,). #P5#.'5OW#51#P5#-((#P5#P: P0(3T#@9#P:&1&#-'3P:)'8#350#O)9:#P5#()9S099T # # # ;$<=#!# ? # C&M581-%:)S#@'\51M-P)5' # C&M581-%:)S# # /E # 45MM0')P3#U # 45MM0')P3#a # 45MM0')P3#b # 45MM0')P3#!# # 45MM0')P3# c # &+" $8\# %-1P)S)%-'P # # '," B0MN&1#5\#;&5%,&#)'# :509&:5,(# '!" $8&9#5\#;&5%,&#)'#:509&:5,(J # '$" $SS&99#P5# O-P&1 # <&(#M0')S)%-,``````Q``> # <&(#S5MM0')P3# ? # P:&#:509&`#U # <&(#S5MM0')P3# ? # 50P9)(\#P:&# :509&`QQa # V-'(#O&,,`````````````QQb # <)2&1W#1-2)'&`Q`! # <-)'#O-P&1`Q`c# # DP:&1``Qf# '%" /-')P-P)5'# 939P&M # ;501 X \,09:#)'# :509&`````QQQ> # ;501 X \,09:#,-P1)'&``````QU # ;)P#^-P1)'&``Q`a # <)2&1W#9P1&-M``QQb # B5'&````QQ`! # DP:&1``Qf#

PAGE 59

!h # # # '&" <55\#P3%& # 4&M&'P`````````QQQ`Q> # R55(`````````QQ`Q`U # =),&````````Qa # o)'S``````QQQ`Qb # +-MN55`````QQ`! # /P1-O```QQQc# # DP:&1``Qf# ''" =3%\# L,551)'8 # R55(````QQ`Q`> # H)'3,6-9%:-,P``````QQ``U # =),&``````QQ`Qa# # 4&M&'P`````QQ! # C)1P````Q`Q`QQc## DP:&1`QQQQQf # '(" =3%\#R-,,9 # +1)S.#51#S&M&'P````QQ`> # <5S.9#O)P:#S&M&'P````QQQU # $(5N&#`Q``````a # <5S.9#O)P:#M0(`QQb # I0(#O)P:#O55(&'#%5,&9``Q! # R55(``````QQc # o)'S`````````f# # DP:&1`QQQQQg # ')" 7(0S-P)5'-,# ,&2&, # B5'&`````````````Q> # 7,&M&'P-13#i0'\)')9:&(j#QQU # 7,&M&'P-13#i\)')9:&(j``Qa # I)((,&#/S:55,#i0'\)')9:&(j`````Q`b # I)((,&#/S:55,#i\)')9:&(j````QQ```! # V)8:#9S:55,#i0'\)')9:&(jQ``Qc # V)8:#9S:55,#i\)')9:&(j```Q`f # I51&# P:-'#:)8:#9S:55,`QQ>" # $(0,P#,)P&1-S3#%1581-M# i\)')9:&(j`>> # $(0,P#,)P&1-S3#%1581-M# i0'\)')9:&(jQQ>U # DP:&1`QQQQ>a# '*" I-1)P-,#/P-P09 # >pI-11)&(# # Up#4)2),#E')5' # apR)(5O6&1# # bpC)251S&(############################# # !p/&%-1-P&(# # cp/)'8,& # DP:&1`QQQQQf # '+" R-9#)'P&12)&O# -,5'3#O)P:# 5P:&19# %1&9&'PT# # $,5'&`````````````> # R)P:#-(0,P#\&M-,&9# %1&9&'P``U # R)P:#-(0,P#M-,&9#%1&9&'P# ``QQQa # R)P:#-(0,P#M)*&(#9&*#%1&9&'P#``Q```b # R)P:#S:),(1&'#%1&9&'P#````Q``QQQ! # R)P:#-(0,P#M)*&(#9&*#-'(# # S:),(1&'#%1&9&'P```````````c # DP:&1`QQQQQQQQQQQQQQQQQQQQQQQQQQQf # ##