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8(-*2. *1*997.(.
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(42543*39. 14(&1.??&?.43* (42543*39.
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.P XIVKMPYRSXXS ZMIRI E^MSREXS VYSXERHS PE KLMIVE TSWXE EPP IWXVIQMX HIPPE PIZE GSPPSGEXE WYPPE TEVXI HIWXVE HIP ZSPERXI 8TMRKIRHS PIKKIVQIRXI ZIVWS MP ZSPERXI PE PIZE WXIWWE WM E^MSRE PE JYR^MSRI PEZEPYRSXXS VIEPM^ÊXE XVEQMXI PE WXIWWE TSQTE FMHMVI^MSREPI HIP PEZEGVMWXEPPS GLI ZMIRI TIV JEXXE VYSXEVI MR WIRWS STTSWXS IH MRZME TSWXIVMSVQIRXI MP PMUYMHS HIXIVKIRXI 2ERXIRIRHS TVIQYXE PE PIZE WM MRWIVMWGI MP XIVKMPYRSXXS GLI JYR^MSRE TIV EPGYRM MWXERXM JMRS EP VMPEWGMS HIPPE PIZE WXIWWE 1 MRXIVS MQTMERXS VIKSPEXS HE YR HMWTSWMXMZS IPIXXVSRMGS PS WXIWWS HIPPE JYR^MSRI XIVKMPEZEGVMWXEPPS GLI KIRIVE P MRXIVQMXXIRÊ I GSRXVSPPE MP JYR^MSRE QIRXS HIP QSXSVMRS XIVKMPYRSXXS I HIPP IPIXXVSTSQTE & XIVKMGVMWXEPPS JYR^MSRERXI MRWIVIRHS PE VIXVSQEVGME WM EXXMZE EYXSQEXMGEQIRXI MP XIVKMPYRSXXS TIV QEKKMSVM HIXXEKPM ZIHIVI )*8(7.?.43. * +:3?.43& 2*394 ' .P XIVKMPEZEPYRSXXS TY IWWIVI E^MSREXS WSPS GSR GLMEZI WY 2&7 .P GMVGYMXS XIVKMPEZEPYRSXXS TVSXIXXS HE YRS WTIGMJMGS JYWMFMPI GLI TVSXIKKI ERGLI MP GMVGYMXS XIVKMPEZEGVMWXEPPS I GSQERHEXS HEP XIPIVYXXSVI IWGPYWMSRI WSXXS GLMEZI TSWXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI
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*
8(-*2& *1*997.(4
9*7,. 1&;& 1:34994
8(-*2. *1*997.(.
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7
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9*7,. 1&;& 1:34994

(SHMGI GSQTSRIRXI ( ) ) ) - - . 2 3 3 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & & ) ' ( ' 2EWWE TSWXIVMSVI WMRMWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXTSWXIVMSVI ,MYR^MSRI TSWXIVMSVITSVXIPPSRI (SQQYXEXSVI HM EGGIRWMSRI )IZMSKYMHE .RXIVVYXXSVI PYGM VIXVSQEVGME (IRXVEPMRE XIVKMGVMWXEPPS 2SXSVMRS XIVKMPYRSXXS 2SXSVMRS IPIXXVSTSQTE PEZEGVMWXEPPSPEZE PYRSXXS
1 MRXIVVYXXSVI ETTSWMXS WYP HIZMSKYMHE - GSQERHE MP JYR^MSREQIRXS HIP XIVKM PEZEPYRSXXS .P HIZMSKYMHE - ZMIRI EPMQIRXEXS EP TMR HIP GSRRIXXSVI ) HEPPE PMRIE WSXXS GLMEZI .39& HIP XIPIVYXXSVI 7 TVSXIXXE HEP JYWMFMPI + IRXVEQFM WSRS GSRXIRYXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI ' 1 MRXIVVYXXSVI XIVKMPEZEPYRSXXS HIP HIZMSKYMHE - YRE ZSPXE E^MSREXS MRZME HIM WIKREPM HEP GSRRIXXSVI ) TMR EP QSXSVMRS XIVKMPYRSXXS 3 TMR EPPE GIRXVEPMRE XIVKMGVMWXEPPS 2 TMR HIP GSRRIXXSVI ' 1E GIRXVEPMRE XIVKMGVMWXEPPS 2 EPMQIRXEXE EP TMR HIP GSRRIXXSVI & HEPPE PMRIE WSXXS GLMEZI .39& HIP XIPIVYXXSVI 7 TVSXIXXE HEP JYWMFMPI + IRXVEQFM WSRS GSRXIRYXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI ' IH GSPPIKEXE E QEWWE XVEQMXI MP TMR HIP GSRRIXXSVI ( 1E GIRXVEPMRE 2 KIWXMWGI MP JYR^MSREQIRXS HIP WMWXIQE WIGSRHS PE PSKMGE HIWGVMXXE MR TVIGIHIRÊ XVEQMXI MP WIKREPI HEP TMR HIP GSRRIXXSVI ( TIV MP QSXSVMRS XIVKMPYRSXXS 3 1 MRXIVVYXXSVI PEZEPYRSXXS HIP HIZMSKYMHE - MRZME YRE ZSPXE E^MSREXS HYI WIKREPM HEP TMR I HEP TMR HIP GSRRIXXSVI & MP TVMQS HMVIXXS EPPE GIRXVEPMRE XIVKMGVMWXEPPS 2 TMR GSRRIXXSVI & QIRXVI MP WIGSRHS HMVIXXEQIRXI GSPPI KEXS EPP IPIXXVSTSQTE 3 .P QSXSVMRS E^MSREXS WY GSQERHS HIPPE GIRXVEPMRE XIVKMGVMWXEPPS 2 HEP TMR GSRRIXXSVI ' MR QSHS STTSWXS E UYERXS HIWGVMXXS TIV PE JYR^MSRI PEZEGVMWXEPPS YR E^MSREQIRXS HIP QSXSVMRS MR WIRWS MRZIVWS MRZME MP PMUYMHS TSWXIVMSVQIRXI MRZIGI GLI ERXIVMSVQIRXI 1E GIRXVEPMRE VMGIZI ERGLI YR WIKREPI TMR HIP GSRRIXXSVI & HEPP MRXIVVYXXSVI VIXVSQEVGME . TIV P E^MSREQIRXS EYXSQEXMGS HIP XIVKMPYRSXXS
(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( ( () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE ERXIVMSVI WMRMWXVE 2EWWE TPERGME PEXS KYMHE
*
9*7,. 1&;& 1:34994
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8(-*2& *1*997.(4
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(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( ( ) - - / 3 )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & & & ) (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE ERXIVMSVI WMRMWXVE 2EWWE TPERGME PEXS KYMHE ,MYR^MSRI ERXTPERGME (SQQYXEXSVI HM EGGIRWMSRI )IZMSKYMHE 9IPIVYXXSVI PEZEJEVM 2SXSVMRS IPIXXVSTSQTE PEZEJEVM
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*
8(-*2. *1*997.(.
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14(&1.??&?.43* (42543*39.
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*
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(42543*39. 14(&1.??&?.43* (42543*39.
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.P PYRSXXS XIVQMGS I PI VIWMWXIRÎ HM WFVMREQIRXS HIKPM WTIGGLM VIXVSZMWSVM EWWSV FSRS YRE RSXIZSPI UYERXMX HM IRIVKME HIZSRS IWWIVI TIVXERXS HMWEXXMZEXI HSTS YR GIVXS TIVMSHS HM JYR^MSREQIRXS 1S WFVMREQIRXS HIP PYRSXXS XIVQMGS I HIKPM WTIGGLM VIXVSZMWSVM EZZMIRI MR QSHS XIQTSVM^ÊXS WIGSRHS PE WIKYIRXI PSKMGE 1 MRWIVMQIRXS EZZMIRI GSR GLMEZI WY 2&7 WIKREPI HM MRWIVMQIRXS TVSZIRMIRXI HEP TYPWERXI ETTSWMXS TSWXS XVE M GSQERHM HIPPE GIRXVEPMRE GPMQEXM^Ê^MSRI STTYVI HEPPE JYR^MSRI HMWETTER REQIRXS VETMHS HIP GSRHM^MSREXSVI WXIWWS 1I VIWMWXIRÎ VIWXERS EPMQIRXEXI TIV QMRYXM TSM P EPMQIRXE^MSRI ZMIRI MRXIV VSXXE 1 EPMQIRXE^MSRI GIWWE TIV RIPPI WIKYIRXM GSRHM^MSRM GLMEZI WY 8945 WIKREPI HM HMWMRWIVMQIRXS HEP TYPWERXI STTYVI HEPPE JYR^MSRI HMWETTERRE QIRXS VETMHS HSTS M TVMQM QMRYXM HM JYR^MSREQIRXS WI PE XIRWMSRI HM FEXXIVME WGIRHI WSXXS ; UYEPSVE PE XIRWMSRI VMWEPMWWI SPXVI M ; P EPMQIRXE^MSRI ZMIRI VMTVMWXMREXE .P GSQERHS HEP TYPWERXI WIQTVI TVMSVMXEVMS VMWTIXXS E UYIPPS HIPPE JYR^MSRI HM HMWETTERREQIRXS VETMHS TIV IWIQTMS WI MP PYRSXXS MRWIVMXS EYXSQEXMGE QIRXI HEPPE JYR^MSRI HM HMWETTERREQIRXS VETMHS I ZMIRI TVIQYXS MP TYPWERXI MP PYRSXXS WM HMWEXXMZE 9EPI PSKMGE HM GSRXVSPPS ZMIRI KIWXMXE HEPPE GIRXVEPMRE WIVZM^M MRXIKVEXM TSWXE WYP PEXS HIWXVS WSXXSTPERGME PE GIRXVEPMRE HM GPMQEXM^Ê^MSRI SWTMXE WSPEQIRXI MP TYPWERXI HM GSQERHS IH MP VIPEXMZS PIH QE RSR EKMWGI MR EPGYR QSHS WYPPE PSKMGE HM EXXMZE^MSRI .P GMVGYMXS HM WFVMREQIRXS TVSXIXXS HE YRS WTIGMJMGS JYWMFMPI I GSQERHEXS HE YRS WTIGMJMGS XIPIVYXXSVI TSWXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI ()
*
8(-*2& *1*997.(4
8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.
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8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.

(SHMGI GSQTSRIRXI ( ) ) ) ) - 2 2 5 5 5 5 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & & ) 9 ' 7 7
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2EWWE PYRSXXS ,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE ,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE ,MYR^MSRI TSWXIVMSVITSVXIPPSRI (SQQYXEXSVI HM EGGIRWMSRI (IRXVEPMRE WIVZM^M MRXIKVEXM (IRXVEPMRE GPMQEXM^Ê^MSRI (IRXVEPMRE HM GSRXVSPPS ERXIRRE PYRSXXS 1YRSXXS XIVQMGS 8TIGGLMS VIXVSZMWSVI IWXIVRS WMRMWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS
(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE TPERGME PEXS TEWWIKKIVS
*
8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.
8(-*2. *1*997.(.
14(&1.??&?.43* (42543*39.
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8'7.3&2*394 1:34994 * 85*((-. 7*974;.847. .RHMGI HIPPE JYR^MSRI (42543*39. 14(&1.??&?.43* (42543*39.
8(-*2. *1*997.(.
*
)*8(7.?.43*
.P PYRSXXS XIVQMGS I PI VIWMWXIRÎ HM WFVMREQIRXS HIKPM WTIGGLM VIXVSZMWSVM EWWSV FSRS YRE RSXIZSPI UYERXMX HM IRIVKME HIZSRS IWWIVI TIVXERXS HMWEXXMZEXI HSTS YR GIVXS TIVMSHS HM JYR^MSREQIRXS 1S WFVMREQIRXS HIP PYRSXXS XIVQMGS I HIKPM WTIGGLM VIXVSZMWSVM EZZMIRI MR QSHS XIQTSVM^ÊXS WIGSRHS PE WIKYIRXI PSKMGE 1 MRWIVMQIRXS EZZMIRI GSR GLMEZI WY 2&7 WIKREPI HM MRWIVMQIRXS TVSZIRMIRXI HEP TYPWERXI ETTSWMXS TSWXS XVE M GSQERHM HIPPE GIRXVEPMRE GPMQEXM^Ê^MSRI STTYVI HEPPE JYR^MSRI HMWETTER REQIRXS VETMHS HIP GSRHM^MSREXSVI WXIWWS 1I VIWMWXIRÎ VIWXERS EPMQIRXEXI TIV QMRYXM TSM P EPMQIRXE^MSRI ZMIRI MRXIV VSXXE 1 EPMQIRXE^MSRI GIWWE TIV RIPPI WIKYIRXM GSRHM^MSRM GLMEZI WY 8945 WIKREPI HM HMWMRWIVMQIRXS HEP TYPWERXI STTYVI HEPPE JYR^MSRI HMWETTERRE QIRXS VETMHS HSTS M TVMQM QMRYXM HM JYR^MSREQIRXS WI PE XIRWMSRI HM FEXXIVME WGIRHI WSXXS ; UYEPSVE PE XIRWMSRI VMWEPMWWI SPXVI M ; P EPMQIRXE^MSRI ZMIRI VMTVMWXMREXE .P GSQERHS HEP TYPWERXI WIQTVI TVMSVMXEVMS VMWTIXXS E UYIPPS HIPPE JYR^MSRI HM HMWETTERREQIRXS VETMHS TIV IWIQTMS WI MP PYRSXXS MRWIVMXS EYXSQEXMGE QIRXI HEPPE JYR^MSRI HM HMWETTERREQIRXS VETMHS I ZMIRI TVIQYXS MP TYPWERXI MP PYRSXXS WM HMWEXXMZE 9EPI PSKMGE HM GSRXVSPPS ZMIRI KIWXMXE HEPPE GIRXVEPMRE WIVZM^M MRXIKVEXM TSWXE WYP PEXS HIWXVS WSXXSTPERGME PE GIRXVEPMRE HM GPMQEXM^Ê^MSRI SWTMXE WSPEQIRXI MP TYPWERXI HM GSQERHS IH MP VIPEXMZS PIH QE RSR EKMWGI MR EPGYR QSHS WYPPE PSKMGE HM EXXMZE^MSRI .P GMVGYMXS HM WFVMREQIRXS TVSXIXXS HE YRS WTIGMJMGS JYWMFMPI I GSQERHEXS HE YRS WTIGMJMGS XIPIVYXXSVI TSWXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI ()
*
8(-*2& *1*997.(4
8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.
8(-*2. *1*997.(.
XIVQSGSRXEXXS HM WMGYVI^Ê
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8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.

(SHMGI GSQTSRIRXI ) ) ) ) - 2 2 5 5 5 5 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & & ) 9 ' 7 7
)*8(7.?.43* +:3?.43&1*
.P XIPIVYXXSVI PYRSXXS XIVQMGS 7 GSPPSGEXS RIPPE GIRXVEPMRE HM HIVMZE^MSRI ' GSQERHE P MRWIVMQIRXS GSRXIQTSVERIS HIPPE JYR^MSRI HM WFVMREQIRXS WME HIP PYRSXXS XIVQMGS 5 GLI HIKPM WTIGGLM VIXVSZMWSVM IWXIVRM 5 I 5 .P XIPIVYXXSVI 7 ZMIRI EPMQIRXEXS HEPPE PMRIE HMVIXXE HEPPE FEXXIVME TVSXIXXE HEP JYWMFMPI + WIQTVI HIPPE ' I MP QE\MJYWI /' HM ' 1E FSFMRE HIP XIPIVYXXSVI 7 EPMQIRXEXE WSXXS GLMEZI .39& HEPPE PMRIE HIP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) :R WIKREPI HM QEWWE TVSZIRMIRXI HEPPE GIRXVEPMRE WIVZM^M MRXIKVEXM 2 TMR HIP GSRRIXXSVI ' IGGMXE PE FSFMRE HIP XIPIVYXXSVI 7 GSR GSRWIKYIRXI MRZMS HM EPMQIRXE^MSRI EPPI VIWMWXIRÎ HM 5 5 I 5 1E GIRXVEPMRE 2 EPMQIRXEXE WSXXS GLMEZI .39 TMR HIP GSRRIXXSVI ' HEPPE PMRIE JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIX XSVI ) 6YERHS VMGIZI YR GSQERHS TMR HIP GSRRIXXSVI ' TVSZIRMIRXI HEPPE GIRXVEPMRE HIP GPMQEXM^ÊXSVI 2 TYPWERXI MRWIVMQIRXS PYRSXXS STTYVI HMWET TERREQIRXS VETMHS TVIQYXS MRZME MR FEWI EPPE PSKMGE HM GSRXVSPPS TVIGIHIR XIQIRXI HIWGVMXXE MP GSQERHS GLI IGGMXE PE FSFMRE HIP XIPIVYXXSVI 7 (SRXIQTSVERIEQIRXI EPP EXXMZE^MSRI HIPPI VIWMWXIRÎ ZMIRI MRZMEXS YR WIKREPI TMR HIP GSRRIXXSVI ' HM 2 TIV EGGIRHIVI MP PIH WYP TYPWERXI HM GSQERHS GLI WM XVSZE WYPPE GIRXVEPMRE 2 3SXE MP GMVGYMXS HM EPMQIRXE^MSRI HIKPM WTIGGLM 5 I 5 TVSXIXXS ERGLI HE YR XIVQSGSRXEXXS HM WMGYVI^Ê WM XVEXXE HM YR HMWTSWMXMZS GSPPSGEXS MR TSWM^MSRI RSR EGGIWWMFMPI EPP MRXIVRS HIP GEFPEKKMS GLI MRXIVVSQTI MP GMVGYMXS MR GEWS HM WSZVEXIQTIVEXYVI HIP GEZS UYERHS PE XIQTIVEXYVE WGIRHI MP GMVGYMXS ZMIRI VMTVMWXMREXS EYXSQEXMGEQIRXI
,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE ,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE ,MYR^MSRI TSWXIVMSVITSVXIPPSRI (SQQYXEXSVI HM EGGIRWMSRI (IRXVEPMRE WIVZM^M MRXIKVEXM (IRXVEPMRE GPMQEXM^Ê^MSRI (IRXVEPMRE HM GSRXVSPPS ERXIRRE PYRSXXS 1YRSXXS XIVQMGS 8TIGGLMS VIXVSZMWSVI IWXIVRS WMRMWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS
(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( ( () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE TPERGME PEXS TEWWIKKIVS 2EWWE PYRSXXS
*
8'7.3&2*394 1:34994 * 85*((-. 7*974;.847.
8(-*2. *1*997.(.
14(&1.??&?.43* (42543*39.
"!0!!!!BIY$!!''gg$!ggggggV!#S")BSV
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$!$#UBDRI8cFRQBVSB@@EFBVWBUQF
7*,41&?.43* 85*((-. *89*73. .RHMGI HIPPE JYR^MSRI
8(-*2. *1*997.(.
*
)*8(7.?.43* 8(-*2& *1*997.(4 )*8(7.?.43* +:3?.43&1*
(42543*39. 14(&1.??&?.43* (42543*39.
)*8(7.?.43*
1E VIKSPE^MSRI HIM HYI WTIGGLM VIXVSZMWSVM IWXIVRM VIEPM^ÊXE EXXVEZIVWS P ETTS WMXS HMWTSWMXMZS HM GSQERHS TSWXS WYP QSFMPIXXS GIRXVEPI XVE M WIHMPM 1 SVMIRXEQIRXS HM IRXVEQFM KPM WTIGGLM IJJIXXYEXS XVEQMXI YR YRMGS TYPWERXI NS]WXMGO GLI VYSXE RIPPI UYEXXVS HMVI^MSRM HETTVMQE WM IJJIXXYE PI WIPI^MSRI HIPPS WTIGGLMS HE E^MSREVI HIWXVS S WMRMWXVS TSM GSR PI WYGGIWWMZI VSXE^MSRM WM SVMIRXE PS WTIGGLMS WIPI^MSREXS .P TYPWERXI GSQERHE HYI QSXSVMRM IPIXXVMGM TSWXM MR GMEWGYRS RIM HYI WTIGGLM WXIWWM YR QSXSVMRS TIVQIXXI PE VSXE^MSRI HIPPS WTIGGLMS WY YR EWWI SVM^^SRXEPI P EPXVS WY YR EWWI ZIVXMGEPI 1S WTIGGLMS VIXVSZMWSVI MRXIVRS HM XMTS IPIXXVSGVSQMGS GSRXMIRI GMS YR HMWTS WMXMZS IPIXXVSRMGS GLI GSRXVSPPE MP JYR^MSREQIRXS EYXSQEXMGS ERXMEFFEKPMEQIRXS HIPPS WTIGGLMS & VIXVSQEVGME MRWIVMXE PE JYR^MSRI ERXMEFFEKPMEQIRXS ZMIRI TIV IWGPYWE .P GMVGYMXS HIPPE VIKSPE^MSRI HIKPM WTIGGLM VIXVSZMWSVM TVSXIXXS HE YR JYWMFMPI GLI TVSXIKKI EPXVI EPMQIRXE^MSRM WSXXS GLMEZI 1E VIKSPE^MSRI HIKPM WTIGGLM EZZMIRI WSPS GSR GLMEZI WY 2&7
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*
8(-*2& *1*997.(4
7*,41&?.43* 85*((-. *89*73.
8(-*2. *1*997.(.
"!0!!!!BIY$!!''gg$#ggggggV!"SBSV
()

7*,41&?.43* 85*((-. *89*73.

(SHMGI GSQTSRIRXI - - . 2 2 2 5 5 5 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS 7 1 ) 7 7 (
)*8(7.?.43* +:3?.43&1*
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
(SQERHS WTIGGLM VIKSPEFMPM EFFEXXMFMPM .RXIVVYXXSVM WY XYRRIP .RXIVVYXXSVI PYGM VIXVSQEVGME (IRXVEPMRE WIHMPM WTIGGLM GSR QIQSVME (IRXVEPMRE WIHMPM WTIGGLM GSR QIQSVME (IRXVEPMRE WTIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS WMRMWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS 8TIGGLMS VIXVSZMWSVI MRXIVRS
(42543*39.
(SHMGI GSQTSRIRXI ' ( ) ) ) ) ) ) - )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 2EWWE TSWXIVMSVI WMRMWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXTSWXIVMSVI ,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE ,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE ,MYR^MSRI WIHMPI PEXS KYMHE (SQQYXEXSVI HM EGGIRWMSRI
()

*
7*,41&?.43* 85*((-. *89*73.
8(-*2. *1*997.(.
14(&1.??&?.43* (42543*39.
"!0!!!!BIY$!!''gg$#ggggggV!#SBSV
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)*8(7.?.43* 8(-*2& *1*997.(4 )*8(7.?.43* +:3?.43&1*
7*,41&?.43* 85*((-. *89*73. .RHMGI HIPPE JYR^MSRI (42543*39. 14(&1.??&?.43* (42543*39.
8(-*2. *1*997.(.
*
)*8(7.?.43*
1E VIKSPE^MSRI HIM HYI WTIGGLM VIXVSZMWSVM IWXIVRM VIEPM^ÊXE EXXVEZIVWS P ETTS WMXS HMWTSWMXMZS HM GSQERHS TSWXS WYP QSFMPIXXS GIRXVEPI XVE M WIHMPM 1 SVMIRXEQIRXS HM IRXVEQFM KPM WTIGGLM IJJIXXYEXS XVEQMXI YR YRMGS TYPWERXI NS]WXMGO GLI VYSXE RIPPI UYEXXVS HMVI^MSRM HETTVMQE WM IJJIXXYE PI WIPI^MSRI HIPPS WTIGGLMS HE E^MSREVI HIWXVS S WMRMWXVS TSM GSR PI WYGGIWWMZI VSXE^MSRM WM SVMIRXE PS WTIGGLMS WIPI^MSREXS 7YSXERHS STTSVXYREQIRXI MP NS]WXMGO EPP MRHMIXVS HM GMVGE j WM SXXMIRI P EFFEXXMQIRXS HIKPM WTIGGLM VYSXERHS MR EZERXM WM VMXSVRE RIPPE TSWM^MSRI HM WTIGGLM ETIVXM .P TYPWERXI GSQERHE XVI QSXSVMRM IPIXXVMGM TSWXM MR GMEWGYRS RIM HYI WTIGGLM WXIWWM YR QSXSVMRS TIVQIXXI PE VSXE^MSRI HIPPS WTIGGLMS WY YR EWWI SVM^^SRXEPI YR EPXVS WY YR EWWI ZIVXMGEPI MP XIV^S GSQERHE P EFFEXXMQIRXS 1S WTIGGLMS VIXVSZMWSVI MRXIVRS HM XMTS IPIXXVSGVSQMGS GSRXMIRI GMS YR HMWTS WMXMZS IPIXXVSRMGS GLI GSRXVSPPE MP JYR^MSREQIRXS EYXSQEXMGS ERXMEFFEKPMEQIRXS HIPPS WTIGGLMS & VIXVSQEVGME MRWIVMXE PE JYR^MSRI ERXMEFFEKPMEQIRXS ZMIRI TIV IWGPYWE .P GMVGYMXS HIPPE VIKSPE^MSRI HIKPM WTIGGLM VIXVSZMWSVM TVSXIXXS HE YR JYWMFMPI GLI TVSXIKKI EPXVI EPMQIRXE^MSRM WSXXS GLMEZI 1E VIKSPE^MSRI HIKPM WTIGGLM EZZMIRI WSPS GSR GLMEZI WY 2&7
()

*
8(-*2& *1*997.(4
7*,41&?.43* 85*((-. *89*73.
8(-*2. *1*997.(.
"!0!!!!BIY$!!''gg$#ggggggV!"S##BSV
()

7*,41&?.43* 85*((-. *89*73.

(SHMGI GSQTSRIRXI ) ) - - - . 2 2 2 5 5 5 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & 7 1 ) 7 7 (
)*8(7.?.43* +:3?.43&1*
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
,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE ,MYR^MSRI WIHMPI PEXS KYMHE (SQQYXEXSVI HM EGGIRWMSRI (SQERHS WTIGGLM VIKSPEFMPM EFFEXXMFMPM .RXIVVYXXSVM WY XYRRIP .RXIVVYXXSVI PYGM VIXVSQEVGME (IRXVEPMRE WIHMPM WTIGGLM GSR QIQSVME (IRXVEPMRE WIHMPM WTIGGLM GSR QIQSVME (IRXVEPMRE WTIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS WMRMWXVS 8TIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS 8TIGGLMS VIXVSZMWSVI MRXIVRS
(42543*39.
(SHMGI GSQTSRIRXI ' ( ) ) ) ) () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 2EWWE TSWXIVMSVI WMRMWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXTSWXIVMSVI ,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE
*
7*,41&?.43* 85*((-. *89*73.
8(-*2. *1*997.(.
14(&1.??&?.43* (42543*39.
"!0!!!!BIY$!!''gg$#ggggggV!#S##BSV
()

)*8(7.?.43* 8(-*2& *1*997.(4 )*8(7.?.43* +:3?.43&1*
7*,41&?.43* 85*((-. *89*73. .RHMGI HIPPE JYR^MSRI (42543*39. 14(&1.??&?.43* (42543*39.
8(-*2. *1*997.(.
*
)*8(7.?.43*
1E VIKSPE^MSRI HIM HYI WTIGGLM VIXVSZMWSVM IWXIVRM VIEPM^ÊXE EXXVEZIVWS P ETTS WMXS HMWTSWMXMZS HM GSQERHS TSWXS WYP QSFMPIXXS GIRXVEPI XVE M WIHMPM * ERGLI HMWTSRMFMPI PE JYR^MSRI HM QIQSVM^Ê^MSRI HIPPE TSWM^MSRI MQTSWXEXE HIKPM WTIGGLM IWXIVRM EFFMREXE EPPE JYR^MSRI HM QIQSVM^Ê^MSRI HIPPE TSWM^MSRI HIP WIHMPI PEXS KYMHE 0=B?G; ?F?NNLC=I " 8*).1. 7*,41&'.1. *1*997. (&2*39* 1 SVMIRXEQIRXS HM IRXVEQFM KPM WTIGGLM ZMIRI WIQTVI IJJIXXYEXS XVEQMXI MP TYPWERXI NS]WXMGO GLI VYSXE RIPPI UYEXXVS HMVI^MSRM HETTVMQE WM IJJIXXYE PI WIPI ^MSRI HIPPS WTIGGLMS HE E^MSREVI HIWXVS S WMRMWXVS TSM GSR PI WYGGIWWMZI VSXE ^MSRM WM SVMIRXE PS WTIGGLMS WIPI^MSREXS VYSXERHS STTSVXYREQIRXI MP NS]WXMGO EPP MRHMIXVS HM GMVGE WM SXXMIRI P EFFEXXMQIRXS HIKPM WTIGGLM VYSXERHS MR EZERXM WM VMXSVRE RIPPE TSWM^MSRI HM WTIGGLM ETIVXM 5VIQIRHS GSRXIQTSVERIEQIRXI MP XEWXS 2 IH YRS HIM XVI XEWXM HM TSWM^MSRI S TSWXM EPP IWXIVRS HIP WIHMPI KYMHEXSVI WM QIQSVM^Ê MRWMIQI E UYIPPE HIP WIHMPI ERGLI PE TSWM^MSRI HIKPM WTIGGLM IWXIVRM 5IV VMGLMEQEVI YRE HIPPI TSWM^MSRM QIQSVM^ÊXI SGGSVVI TVIQIVI GSR GLMEZI WY 2&7 YRS HIM XVI XEWXM HM TSWM^MSRI WYHHIXXM 1E QIQSVM^Ê^MSRI HIPPI TSWM^MSRM EZZMIRI EPP MRXIVRS HIPPE GIRXVEPMRE GLI KIWXMWGI ERGLI PE QIQSVM^Ê^MSRI HIPPE TSWM^MSRI HIM WIHMPM UYIWXE E WYE ZSPXE GSQERHE YRE GIRXVEPMRE TSWXE WYPPE TSVXE MR TVSWWMQMX HM GMEWGYRS WTIGGLMS GLI GSQERHE MP QSZMQIRXS HIM QSXSVMRM IPIXXVMGM HIKPM WTIGGLM WXIWWM YR QSXS VMRS TIVQIXXI PE VSXE^MSRI HIPPS WTIGGLMS WY YR EWWI SVM^^SRXEPI YR EPXVS WY YR EWWI ZIVXMGEPI 3SXE 1E GIRXVEPMRE WIHMPMWTIGGLM GSR QIQSVME HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI EREPM^ÊXS XVEQMXI KPM WXVYQIRXM HMEKRS WXMGM MRSPXVI TVIZMWXE YRE JYR^MSRI HM WIKREPE^MSRI EGYWXMGE GLI MRJSVQE EXXVEZIVWS YR FY^ÎV TSWXS WYPPE GIRXVEPMRE WXIWWE EZZIRYXI QIQSVM^Ê^MSRM IH IZIRXYEPM ERSQEPMI VMPIZEXI QIQSVM^Ê^MSRI HM YRE RYSZE TSWM^MSRI FMT WSRSVM FVIZM VMGLMEQS HM YRE QIQSVM^Ê^MSRI FMT WSRSVM FVIZI ERSQEPME MR YR XIPIVYXXSVI S MRXIVVYXXSVI FMT WSRSVS QSPXS PYRKS GMVGE ()
WIGSRHM GERGIPPE^MSRI ERSQEPMI QIQSVM^ÊXI FMT WSRSVM PYRKLM GMVGE WIGSRHM GMEWGYRS 1S WTIGGLMS VIXVSZMWSVI MRXIVRS HM XMTS IPIXXVSGVSQMGS GSRXMIRI GMS YR HMWTS WMXMZS IPIXXVSRMGS GLI GSRXVSPPE MP JYR^MSREQIRXS EYXSQEXMGS ERXMEFFEKPMEQIRXS HIPPS WTIGGLMS & VIXVSQEVGME MRWIVMXE PE JYR^MSRI ERXMEFFEKPMEQIRXS ZMIRI TIV IWGPYWE .P GMVGYMXS HIPPE VIKSPE^MSRI HIKPM WTIGGLM VIXVSZMWSVM TVSXIXXS HE HYI JYWMFMPM GLI TVSXIKKSRS EPXVI EPMQIRXE^MSRM WSXXS GLMEZI 9YXXI PI STIVE^MSRM WYKPM WTIGGLM VIKSPE^MSRI QIQSVM^Ê^MSRI S VMGLMEQS HIPPE TSWM^MSRI QIQSVM^ÊXE EZZIRKSRS WSPS GSR GLMEZI WY 2&7
*
8(-*2& *1*997.(4
7*,41&?.43* 85*((-. *89*73.
8(-*2. *1*997.(.
"!0!"!!BIY$!!''gg$#ggggggV!"S#0BSV

()

7*,41&?.43* 85*((-. *89*73.

(SHMGI GSQTSRIRXI ' ( ) ) ) ) ) ) - - - . 2 2 2 5 5 5 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & 7 1 ) 7 7 (
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1E GIRXVEPMRE WIVZM^M MRXIKVEXM 2 KIWXMWGI MP JYR^MSREQIRXS HIKPM EPÊGVMWXEPPM ERXIVMSVM 1 EPMQIRXE^MSRI HMVIXXE HEPPE FEXXIVME HIPPE GIRXVEPMRE 2 WTIGMJMGE TIV KPM EPÊ GVMWXEPPM TMR I HIP GSRRIXXSVI & KMYRKI HEPPE PMRIE TVSXIXXE HEP QE\MJYWI /' HM ' I HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' QIRXVI P EPMQIRXE^MSRI WSXXS GLMEZI KMYRKI EP TMR HIP GSRRIXXSVI ' HEPPE PMRIE HIP JYWMFMPI + HM ' M TMR I HIP GSRRIXXSVI & JSVRMWGSRS PE QEWWE HM VMJIVMQIRXS VMWTIXXMZEQIRXI TIV P EPÊGVMWXEPPS PEXS TEWWIKKIVS I PEXS KYMHE ,PM MRXIVVYXXSVM - EPÊGVMWXEPPS PEXS KYMHE - EPÊGVMWXEPPS PEXS TEWWIKKIVS WY TSVXE ERXIVMSVI PEXS KYMHE WSRS EPMQIRXEXM HEPPE GIRXVEPMRE WIGSRHS PE PSKMGE TVIGIHIRXIQIRXI HIWGVMXXE TMR GSRRIXXSVI & QIRXVI P MRXIVVYXXSVI - EPÊGVMWXEPPS PEXS TEWWIKKIVS WY TSVXE ERXIVMSVI PEXS TEWWIKKIVS ZMIRI EPMQIR XEXS HEPPE WXIWWE PMRIE GLI EPMQIRXE PE GIRXVEPMRE WIVZM^M MRXIKVEXM 6YIWXM MRXIVVYXXSVM WSRS TSM GSPPIKEXM E QEWWE MR XEP QSHS ZIRKSRS ERGLI MPPY QMREXM GSR GLMEZI WY 2&7 6YERHS XEPM MRXIVVYXXSVM ZIRKSRS E^MSREXM MRZMERS M WIKREPM HM GSQERHS TSWM XMZS I RIKEXMZS EPPE GIRXVEPMRE 2 EM TMR I HIP GSRRIXXSVI & HEPP MRXIVVYXXSVI - EM TMR I HIP GSRRIXXSVI & HEPP MRXIVVYXXSVI - EM TMR I HIP GSRRIXXSVI & HEPP MRXIVVYXXSVI - .R FEWI EPPE PSKMGE TVIGIHIRXIQIRXI MPPYWXVEXE PE GIRXVEPMRE 2 GSQERHE KPM EPÊGVMWXEPPM HEM TMR I HIP GSRRIXXSVI & MRZME M GSQERHM EP QSXSVMRS EPÊGVMWXEPPM PEXS KYMHE 3 HEM TMR I HIP GSRRIXXSVI & MRZME M GSQERHM EP QSXSVMRS EPÊGVMWXEPPM PEXS TEWWIKKIVS 3 .RZIVXIRHS M WIKREPM TSWMXMZS I RIKEXMZS WM HIXIVQMRE MP WIRWS HM VSXE^MSRI HIP QSXSVMRS WXIWWS &P TMR HIP GSRRIXXSVI ' HIPPE GIRXVEPMRE EVVMZE MP WIKREPI HM GSQERHS TIV PE JYR^MSRI HM E^MSREQIRXS GIRXVEPM^ÊXS HIM GVMWXEPPM TVSZIRMIRXI HEKPM MRXIVVYXXSVM WIGSRHS WGEXXS HIPPI WIVVEXYVI ERXIVMSVM 3 IH 3 9EPI JYR^MSRI E^MSRE KPM EPÊGVMWXEPPM ERXIVMSVM QE ERGLI UYIPPM TSWXIVMSVM 0=B?G; ?F?NNLC=I " &1?&(7.89&11. 5489*7.47. IH MP XIXXS 0=B?G; ?F?NNLC=I " 9*994 &57.'.1*
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7MJIVMQIRXS EP GSQTPIW WMZS & 2 2 2 2 2 & 2 2 2 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE TSWXIVMSVI WMRMWXVE 2EWWE TSWXIVMSVI HIWXVE ,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE ,MYR^MSRI TSWXIVMSVI TSVXE TSWX WMRMWXVE ,MYR^MSRI TSWXIVMSVI TSVXE TSWX HIWXVE (SQQYXEXSVI HM EGGIRWMSRI .RXIVVYXXSVI EPÊGVMWXEPPS TSWX WMRMWXVS WY TSVXE ERX PEXS KYMHE .RXIVVYXXSVI EPÊGVMWXEPPS TSWX HIWXVS WY TSVXE ERX PEXS KYMHE .RXIVVYXXSVI EPÊGVMWXEPPS TSWX WMRMWXVS WY TSVXE TSWX WMRMWXVE .RXIVVYXXSVI EPÊGVMWXEPPS TSWX HIWXVS WY TSVXE TSWX HIWXVE .RXIVVYXXSVI FPSGGS EPÊGVMWXEPPM TSWXIVMSVM (IRXVEPMRE WIVZM^M MRXIKVEXM (IRXVEPMRE GSQERHS EPÊGVMWXEPPM TSWXIVMSVM 2SXSVMRS EPÊGVMWXEPPS TSWXIVMSVI WMRMWXVS 2SXSVMRS EPÊGVMWXEPPS TSWXIVMSVI HIWXVS
1E GIRXVEPMRE 2 KIWXMWGI MP JYR^MSREQIRXS HIKPM EPÊGVMWXEPPM TSWXIVMSVM 1 EPMQIRXE^MSRI HMVIXXE EPPE GIRXVEPMRE 2 TMR I HIP GSRRIXXSVI & KMYRKI EXXVEZIVWS PE PMRIE HIP QE\MJYWI /' HM ' IH MP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' 1 EPMQIRXE^MSRI WSXXS GLMEZI .39 KMYRKI EP TMR HIP GSRRIXXSVI ' EXXVE ZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' . TMR I HIP GSRRIXXSVI & IH MP TMR HIP GSRRIXXSVI ' JSVRMWGSRS MP VMJIVM QIRXS EPPE QEWWE ( 6YERHS KPM MRXIVVYXXSVM ZIRKSRS E^MSREXM MRZMERS M WIKREPM HM GSQERHS TSWMXMZS I RIKEXMZS EPPE GIRXVEPMRE GSQERHS EPÊGVMWXEPPM TSWXIVMSVM 2 M WYHHIXXM WIKREPM KMYRKSRS EM TMR I HIP GSRRIXXSVI ' HEPP MRXIVVYXXSVI TSWXIVMSVI - STTYVI EM TMR I HIP GSRRIXXSVI ' HEPP MRXIVVYXXSVI ERXIVMSVI - TIV GSQERHEVI P EPÊ GVMWXEPPS WMRMWXVS EM TMR I HIP GSRRIXXSVI ' HEPP MRXIVVYXXSVI TSWXIVMSVI - STTYVI EM TMR I HIP GSRRIXXSVI ' HEPP MRXIVVYXXSVI ERXIVMSVI - TIV GSQERHEVI P EPÊ GVMWXEPPS HIWXVS .R FEWI EPPE PSKMGE TVIGIHIRXIQIRXI MPPYWXVEXE PE GIRXVEPMRE 2 GSQERHE KPM EPÊGVMWXEPPM HEM TMR I HIP GSRRIXXSVI & MRZME M GSQERHM EP QSXSVMRS TSWXIVMSVI WMRMWXVS 3 HEM TMR I HIP GSRRIXXSVI & MRZME M GSQERHM EP QSXSVMRS TSWXIVMSVI HIWXVS 3 .RZIVXIRHS M WIKREPM TSWMXMZS I RIKEXMZS WM HIXIVQMRE MP WIRWS HM VSXE^MSRI HIP QSXSVMRS WXIWWS &M TMR I HIP GSRRIXXSVI ' KMYRKSRS M WIKREPM HEP GSQERHS GIRXVEPM^ÊXS KIWXMXS HEPPE GIRXVEPMRE 2 0=B?G; ?F?NNLC=I " &1?&(7.89&11. &39*7.47. ,PM MRXIVVYXXSVM WSRS EPMQIRXEXM WSXXS GLMEZI .39 EXXVEZIVWS PE GIRXVEPMRE WIVZM^M MRXIKVEXM 2 0=B?G; ?F?NNLC=I " &1?&(7.89&11. &39*7.47. 1 MRXIVVYXXSVI HM WMGYVI^Ê - MR TSWM^MSRI HM GSRWIRWS MRZME P EPMQIRXE^MSRI EKPM MRXIVVYXXSVM WYPPI TSVXI TSWXIVMSVM MR GEWS GSRXVEVMS PE IWGPYHI ,PM MRXIVVYXXSVM ERXIVMSVM ZIRKSRS MPPYQMREXM GSR GLMEZI WY 2&7 GSR P MRXIVVYX XSVI HM WMGYVI^Ê MR TSWM^MSRI HM GSRWIRWS KPM MRXIVVYXXSVM TSWXIVMSVM ZIRKSRS MPPYQMREXM GSR GLMEZI WY 2&7 &RGLI P MRXIVVYXXSVI HM FPSGGS MPPYQMREXS HE YRS WTIGMJMGS PIH E FPSGGS MRWI VMXS
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3IP TSWEGIRIVI ERXIVMSVI EPPSKKMEXE YRE TVIWE HM GSVVIRXI HM XMTS WXERHEVH RIPPE TVIWE GSPPSGEXE PE VIWMWXIRÊ EGGIRHMWMKEVM QE TY IWWIVI YXMPM^ÊXE TIV MP GSPPIKEQIRXS HM EPXVM WXVYQIRXM S ETTEVIGGLM TYVGL JYR^MSRERXM E ; 5IV E^MSREVI P EGGIRHMWMKEVM WYJJMGMIRXI TVIQIVI MP VIPEXMZS TSQIPPS HSTS TSGLM WIGSRHM JYSVMIWGI EYXSQEXMGEQIRXI TVSRXS TIV P YWS 1E TVIWE HSXEXE HM YR HMWTSWMXMZS HM TVSXI^MSRI XIVQMGE RIP GEWS HM GSPPIKE QIRXM GSR HMWTSWMXMZM EH IPIZEXS EWWSVFMQIRXS HM IRIVKME XEPI TVSXI^MSRI MRXIV VSQTI P EPMQIRXE^MSRI 8SRS MRSPXVI TVIWIRXM HYI YPXIVMSVM TVIWI HM GSVVIRXI GSR GEVEXXIVMWXMGLI EREPSKLI E UYIPPI HIWGVMXXI TIV UYIPPE HIPP EGGIRHMWMKEVM YRE WMXYEXE WYP XYRRIP GIRXVEPI I YRE RIP ZERS FEKEKPM 9YXXI PI TVIWI WSRS EPMQIRXEXE WSXXS GLMEZI I WSRS MPPYQMREXI MR QSHS VISWXE XEXS 0=B?G; ?F?NNLC=I " .11:2.3&?.43* (42&3). .P GMVGYMXS HIPPE TVIWE HM GSVVIRXI TVSXIXXS HE YRS WTIGMJMGS JYWMFMPI I GSQER HEXS HEP XIPIVYXXSVI IWGPYWMSRI WSXXS GLMEZI TSWXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI
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8(-*2& *1*997.(4
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8(-*2. *1*997.(.
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&((*3).8.,&7. 57*8& ). (477*39*
8(-*2. *1*997.(.
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(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( ( ( ) ) - 5 5 5 )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & & ( ( (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE TPERGME PEXS KYMHE 2EWWE TPERGME PEXS TEWWIKKIVS 2EWWE TSWXIVMSVI WMRMWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXTSWXIVMSVI (SQQYXEXSVI HM EGGIRWMSRI &GGIRHMWMKEVMTVIWE HM GSVVIRXI 5VIWE HM GSVVIRXI WYTTPIQIRXEVI 5VIWE HM GSVVIRXI TSWXIVMSVI
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&((*3).8.,&7. 57*8& ). (477*39*
8(-*2. *1*997.(.
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8(-*2& *1*997.(4
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8*).1. 7.8(&1)&9.
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8(-*2. *1*997.(.
8*).1. 7.8(&1)&9.
*
1 EPMQIRXE^MSRI HIP VMWGEPHEQIRXS KMYRKI XVEQMXI MP XIPIVYXXSVI WMXYEXS RIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI & UYIWXS ZMIRI IGGMXEXS HEPPE PMRIE WSXXS GLMEZI .39& TVSXIXXE HEP JYWMFMPI + HEPPE WGEXSPE TSVXE JYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) .P JYWMFMPI ' TVSXIKKI MP GMVGYMXS HM EPMQIRXE^MSRI HIM HYI WIHMPM TMR HIPPE KMYR^MSRI ) GSRRIXXSVI ' STTYVI ) GSRRIXXSVI ' MP TMR E QEWWE QIRXVI HEP TMR VMXSVRE MP WIKREPI TIV M PIH TSWXM RIP KVYTTS MRXIVVYXXSVM WY XYRRIP -
)*8(7.?.43* +:3?.43&1*
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8(-*2. *1*997.(.
8*).1. 7.8(&1)&9.
14(&1.??&?.43* (42543*39.
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8*).1. 7*,41&'.1. *1*997.(&2*39* .RHMGI HIPPE JYR^MSRI
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*
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(42543*39. 14(&1.??&?.43* (42543*39.
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1E ZIXXYVE TY IWWIVI HSXEXE HM WIHMPM ERXIVMSVM E VIKSPE^MSRI IPIXXVMGE YR GSQQYXEXSVI E NS]WXMGO GSQERHE MRJEXXM PE XVEWPE^MSRI MR WIRWS PSRKMXYHMREPI HIP WIHMPI MP WSPPIZEQIRXS MR WIRWS ZIVXMGEPI HIP WIHMPI P MRGPMRE^MSRI HIP WIHMPI P MRGPMRE^MSRI HIPPS WGLMIREPI (MEWGYRE HIPPI UYEXXVS VIKSPE^MSRM VIEPM^ÊXE HE YR QSXSVMRS IPIXXVMGS WTIGM JMGS 5IV MP WIHMPI PEXS KYMHE HMWTSRMFMPI PE JYR^MSRI HM QIQSVM^Ê^MSRI HIPPE TSWM ^MSRI MQTSWXEXE HIP WIHMPI EFFMREXE EPPE JYR^MSRI HM QIQSVM^Ê^MSRI HIPPE TSWM ^MSRI HIKPM WTIGGLM IWXIVRM 0=B?G; ?F?NNLC=I " 7*,41&?.43* 85*((-. *89*73. 1E VIKSPE^MSRI HIPPE TSWM^MSRI HIP WIHMPI ZMIRI WIQTVI IJJIXXYEXE XVEQMXI MP NS]WXMGO WYHHIXXS TVIQIRHS GSRXIQTSVERIEQIRXI MP XEWXS 2 IH YRS HIM XVI XEWXM HM TSWM^MSRI S TSWXM EPP IWXIVRS HIP WIHMPI WXIWWS WM QIQSVM^Ê MRWMIQI E UYIPPE HIKPM WTIGGLM ERGLI PE TSWM^MSRI HIP WIHMPI 5IV VMGLMEQEVI YRE HIPPI TSWM^MSRM QIQSVM^ÊXI SGGSVVI TVIQIVI YRS HIM XVI XEWXM HM TSWM^MSRI WYHHIXXM 1E QIQSVM^Ê^MSRI HIPPI TSWM^MSRM EZZMIRI EPP MRXIVRS HIPPE GIRXVEPMRE TSWXE WSXXS MP WIHMPI WXIWWS GLI KIWXMWGI HMVIXXEQIRXI P E^MSREQIRXS HIM UYEXXVS QSXS VMRM HM VIKSPE^MSRI 3SXE 1E GIRXVEPMRE WIHMPMWTIGGLM GSR QIQSVME HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI EREPM^ÊXS XVEQMXI KPM WXVYQIRXM HMEKRS WXMGM MRSPXVI TVIZMWXE YRE JYR^MSRI HM WIKREPE^MSRI EGYWXMGE GLI MRJSVQE EXXVEZIVWS YR FY^ÎV TSWXS WYPPE GIRXVEPMRE WXIWWE EZZIRYXI QIQSVM^Ê^MSRM IH IZIRXYEPM ERSQEPMI VMPIZEXI QIQSVM^Ê^MSRI HM YRE RYSZE TSWM^MSRI FMT WSRSVM FVIZM VMGLMEQS HM YRE QIQSVM^Ê^MSRI FMT WSRSVM FVIZI ERSQEPME MR YR XIPIVYXXSVI S MRXIVVYXXSVI FMT WSRSVS QSPXS PYRKS GMVGE WIGSRHM GERGIPPE^MSRI ERSQEPMI QIQSVM^ÊXI FMT WSRSVM PYRKLM GMVGE WIGSRHM GMEWGYRS
1E GIRXVEPMRE VIEPM^Ê ERGLI YRE WIVMI HM GSRXVSPPM HM WMGYVI^Ê E TVSXI^MSRI HIM TEWWIKKIVM HIM TSWXM TSWXIVMSVM P MRGPMRE^MSRI HIPPS WGLMIREPI RSR TY WYTIVEVI M ( ): ; MP QSXSVMRS GLI VIEPM^Ê MP QSZMQIRXS PSRKMXYHMREPI HM XYXXS MP WIHMPI HSXEXS HIPPE JYR^MSRI ERXMTM^^MGEQIRXS MP QSZMQIRXS ZMIRI MRXIVVSXXS I MRZIVXMXS WI XVEQMXI MRGVIQIRXS MQTVSZZMWS HIPPE GSVVIRXI HIP QSXSVI ZMIRI VMPIZEXS YR SWXEGSPS 1E XEVEXYVE HIP WMWXIQE XEPI MRXIVZIRMVI WI PE JSVÊ EKIRXI WYPP SWXE GSPS WYTIVMSVI E GMVGE OK 9EPI JYR^MSRI EXXMZE WSPS HYVERXI MP JYR^MS REQIRXS EYXSQEXMGS TSWM^MSRI QIQSVM^ÊXE HYVERXI MP JYR^MSREQIRXS MR EYXSQEXMGS UYEPYRUYI E^MSRI WY YRS HIM TYPWERXM HIP NS]WXMGO HM GSQERHS JIVQE MP QSZMQIRXS 1E QSZMQIRXE^MSRI HIP WIHMPI PEXS KYMHE EZZMIRI ERGLI GSR TSVXE ETIVXE ERGLI WI PE GLMEZI RSR MRWIVMXE 1E QSZMQIRXE^MSRI HIP WIHMPI PEXS TEWWIKKIVS EZZMIRI MR QSHS QERYEPI WIRÊ EPGYRE QIQSVME HIPPE TSWM^MSRI I WSPS GSR GLMEZI WY 2&7 .P GMVGYMXS HM QSZMQIRXE^MSRI HIM WIHMPM TVSXIXXS HE HYI WTIGMJMGM JYWMFMPM YRS TIV WIHMPI TSWXM EGGERXS EPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI I GSRXVSPPEXS HE YR XIPIVYXXSVI TSWXS RIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI WXIWWE

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8*).1. 7*,41&'.1. *1*997.(&2*39*

(SHMGI GSQTSRIRXI ( ( ) ) ) ) ) ) ) - - 2 3 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS & 1 3
)*8(7.?.43* +:3?.43&1*
1E GIRXVEPMRE WIHMPMWTIGGLM GSR QIQSVME 2 GLI GSRXVSPPE MP WIHMPI PEXS KYMHE EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME TMR EXXVEZIVWS PE PMRIE TVSXIXXE HEP QE\MJYWI /' HM ' I HEP JYWMFMPI ' EP TMR KMYRKI PE EPMQIRXE^MSRI WSXXS GLMEZI .39& QIRXVI MP TMR E QEWWE &P TMR KMYRKI MP WIKREPI HM ETIVXYVE HIPPE TSVXE ERXIVMSVI KYMHEXSVI WIVVEXYVE 3 HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI YXMPM^ÊXS GSPPIKER HSWM EP GSRRIXXSVI 7 EH IWWS EVVMZERS M WIKREPM HEP TMR 1E GIRXVEPMRE WM GSPPIKE GSR MP GSQQYXEXSVI E NS]WXMGO HEP UYEPI VMGIZI M GSQERHM TIV PE VIKSPE^MSRI HIPPS WGLMIREPI TMR I HIPP MRGPMRE^MSRI TMR I HIPPE XVEWPE^MSRI TMR I I HIPPE VIKSPE^MSRI MR EPXI^Ê TMR I 1E TYPWERXMIVE TIV PE KIWXMSRI HIPPI TSWM^MSRM QIQSVM^ÊXI WM GSPPIKE EM TMR I HM 2 MRZMERHS YR WIKREPI HM QEWWE UYERHS WSRS TVIQYXM VMWTIX XMZEQIRXI M XEWXM I 2 1E GIRXVEPMRE 2 GSQERHE HM GSRWIKYIRÊ M QSXSVMRM HM QSZMQIRXE^MSRI VMGI ZIRHS HE YR TSXIR^MSQIXVS TIV MP QSXSVMRS HM VIKSPE^MSRI HIPPS WGLMIREPI STTYVI HE YR XVEWHYXXSVI EH IJJIXXS -EPP YR WIKREPI HM JIIHFEGO GMVGE PE VIEPI TSWM^MSRI VEKKMYRXE M TMR I HM 2 GSQERHERS MP QSXSVMRS TIV PE VIKSPE^MSRI HIPPS WGLMI REPI IH EP TMR KMYRKI MP WIKREPI HM JIIHFEGO M TMR I HM 2 GSQERHERS MP QSXSVMRS TIV PE VIKSPE^MSRI HIPP MRGPMRE ^MSRI IH EP TMR KMYRKI MP WIKREPI HM JIIHFEGO M TMR I HM 2 GSQERHERS MP QSXSVMRS TIV PE VIKSPE^MSRI HIPPE XVEWPE ^MSRI IH EP TMR KMYRKI MP WIKREPI HM JIIHFEGO M TMR I HM 2 GSQERHERS MP QSXSVMRS TIV PE VIKSPE^MSRI MR EPXI^Ê IH EP TMR KMYRKI MP WIKREPI HM JIIHFEGO .P JYWMFMPI ' TVSXIKKI PE QSZMQIRXE^MSRI QERYEPI TIV MP WIHMPI PEXS TEWWIK KIVS P EPMQIRXE^MSRI KMYRKI EP GSQQYXEXSVI E NS]WXMGO EP UYEPI WM GSPPIKERS HMVIXXEQIRXI UYEXXVS QSXSVMRM GLI GSRXVSPPERS PI UYEXXVS TSWWMFMPM VIKSPE^MSRM
2EWWE TPERGME PEXS TEWWIKKIVS 2EWWE TSWXIVMSVI WMRMWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXTSWXIVMSVI ,MYR^MSRI TPERGMETSWXIVMSVI ,MYR^MSRI TSWXIVMSVI TSVXE ERX WMRMWXVE ,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE ,MYR^MSRI WIHMPI PEXS KYMHE ,MYR^MSRI WIHMPI PEXS TEWWIKKIVS (SQQYXEXSVI HM EGGIRWMSRI .RXIVVYXXSVM WY XYRRIP (IRXVEPMRE WIHMPM WTIGGLM GSR QIQSVME 2SXSVMHYXXSVI WIVVEXYVE TSVXE ERX WMRMWXVE
(42543*39.
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(42543*39. 14(&1.??&?.43* (42543*39.
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1E ZIXXYVE TIVQIXXI HM VIKSPEVI HMVIXXEQIRXI HEP TSWXS KYMHE P SVMIRXEQIRXS HIP JEWGMS PYQMRSWS HIM TVSMIXXSVM MR FEWI EP GEVMGS .R UYIWXS QSHS WM SXXMIRI WIQTVI I VETMHEQIRXI MP GSVVIXXS SVMIRXEQIRXS HIM JEVM .P HMWTSWMXMZS HM VIKSPE^MSRI GSRWMWXI MR YR QSXSVMRS QSRXEXS WY GMEWGYRS HIM HYI TVSMIXXSVM GLI PM MRGPMRE STTSVXYREQIRXI MR QSHS HE EFFEWWEVI MP JEWGMS PYQMRSWS RIP GEWS HM ZIXXYVE TEVXMGSPEVQIRXI GEVMGE I HM EPÊVPS MRZIGI UYERHS MP GEVMGS HMQMRYMWGI :R ETTSWMXE QERSTSPE TSWXE WYPPE TPERGME GSRWIRXI PE WGIPXE XVE PI UYEXXVS TSWM ^MSRM MRHMGEXI TSWM^MSRI YRE S HYI TIVWSRI WYM WIHMPM ERXIVMSVM WIVFEXSMS GEVFYVERXI TMIRS HSXE^MSRI HM FSVHS ZIXXYVE MR SVHMRI HM QEVGME TSWM^MSRI GMRUYI TIVWSRI TSWM^MSRI GMRUYI TIVWSRI GSR ZERS FEKEKPM TMIRS GMVGE OK TSWM^MSRI GSRHYGIRXI I OK HM GEVMGS XYXXS WXMZEXS RIP FEKEKPMEMS 1E QERSTSPE HM VIKSPE^MSRI TSWXE WYPPE TPERGME ETTIRE WSXXS MP UYEHVS WXVY QIRXM PE QERSTSPE LE PS WTIGMJMGS MHISKVEQQE MPPYQMREXS GSQI KPM EPXVM GSQERHM 0=B?G; ?F?NNLC=I " .11:2.3&?.43* (42&3). .P HMWTSWMXMZS EFMPMXEXS WSPS EH EREFFEKPMERXM MRWIVMXM .P GMVGYMXS HIPPE VIKSPE^MSRI HIM JEVM TVSXIXXS HE YRS HIM JYWMFMPM HIP GMVGYMXS HIPPI PYGM EREFFEKPMERXM TSWXM RIPPE GIRXVEPMRE HM HIVMZE^MSRI
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8(-*2& *1*997.(4
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7*,41&947* &88*994 +&7.
8(-*2. *1*997.(.
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1 MQTMERXS HM VMGI^MSRI I VMTVSHY^MSRI VEHMS HIPPE ZIXXYVE TVIZIHI EYXSVEHMS GEZM HM EPMQIRXE^MSRI HIPPE VEHMS EPXSTEVPERXM ERXIVMSVM GSR X[IIXIV WITEVEXM EPXSTEVPERXM TSWXIVMSVM GSQERHM VEHMS EP ZSPERXI GEZM HM GSPPIKEQIRXS HIPPE VEHMS GSR KPM EPXSTEVPERXM GEZS GSEWWMEPI HM GSPPIKEQIRXS HIPP ERXIRRE ERXIRRE MRGSVTSVEXE RIM GVMWXEPPM TSWXIVMSVM WSTTVIWWSVM HMWXYVFM GEZS HM GSPPIKEQIRXS GSR MP PIXXSVIGEQFME () 1 MQTMERXS YXMPM^Ê YRE EYXSVEHMS ,7:3)., EFFMREXE EP HMWTPE] .(8 FEWI :R ETTSWMXS GEVMGEXSVI TSVXE () GSRWIRXI HM GEVMGEVI JMRS E () GLI ZIRKSRS TSM WIPI^MSREXM EXXVEZIVWS GSQERHM WYP HMWTPE] HIPPE VEHMS .P PIXXSVI GEQFME () GSPPSGEXS RIP ZERS FEYPI WYP PEXS WMRMWXVS ,PM EPXSTEVPERXM ERXIVMSVM WSRS GSPPSGEXM RIPPI TSVXI M X[IIXIV WITEVEXM WSRS GSPPS GEXM WYM QSRXERXM ERXIVMSVM . TVMRGMTEPM GSQERHM HIPPE VEHMS WSRS VMTIXYXM ERGLI WYP ZSPERXI GSRWIRXIRHS EP KYMHEXSVI P E^MSREQIRXS HIPPE VEHMS WIRÊ WXEGGEVI PI QERM HEP ZSPERXI WXIWWS 5IV MQTIHMVI MRXIVJIVIRÎ HIM WIKREPM VMPIZEXM HEPP ERXIRRE GSR UYIPPM HIPP MQTMERXS IPIXXVMGS HIPPE ZIXXYVE PI ERXIRRI WSRS STTSVXYREQIRXI TVSXIXXI GSR ETTSWMXM WSTTVIWWSVM 5IV QEKKMSVM HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 1 &:947&).4 * &:949*1*+434 .P GMVGYMXS EYXSVEHMS EPMQIRXEXS WME GSR GLMEZI WY 2&7 GLI GSR YR EPMQIR XE^MSRI HMVIXXE HEPPE FEXXIVME GLI GSRWIRXI PE QIQSVM^Ê^MSRI HM WMRXSRMI GSHMGM HM WMGYVI^Ê IGG 1I HYI PMRII WYHHIXXI WSRS TVSXIXXI HE HYI JYWMFMPM HIPPE GIRXVEPMRE HM HIVMZE ^MSRI I HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI
P EYXSVEHMS HSXEXE HM YR WMWXIQE ERXMJYVXS GSR GSHMGI HM WMGYVI^Ê TIVWSREPM^ÊXS WIGYVMX] GSHI GLI HIZI IWWIV VIMQ QIWWS UYEPSVE WM ZIVMJMGLM YR MRXIVVY^MSRI HIPPE EPMQIRXE^MSRI TIV IW WGSPPIKEQIRXS HIPPE FEXXIVME
KPM EPXSTEVPERXM TSWXIVMSVM WSRS GSPPSGEXM WYPPE GETTIPPMIVE 1E ZIXXYVE HSXEXE HM YR ERXIRRE MRXIKVEXE RIP PYRSXXS WTIGMJMGLI WIVMKVEJMI WSRS HIHMGEXI EPPE VMGI^MSRI HIPPI WXE^MSRM &2 1I WIVMKVEJMI TIV PE VMGI^MSRI HIPPI WXE^MSRM +2 JERRS TEVXI HIKPM IPIQIRXM WFVMRERXM 1 EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYP QSRXERXI TSWXIVMSVI HIWXVS :R GEZM GSEWWMEPI WGLIVQEXS GSPPIKE P EYXSVEHMS EPP EQTPMJMGEXSVI MP GEZS WYHHMZMWS MR HYI WI^MSRM YRE WSXXS TPERGME I YRE PYRKS MP PEXS HIWXVS HIPP EFMXEGSPS
KPM EPXSTEVPERXM TSWXIVMSVM WSRS GSPPSGEXM WYM VMTMERM PEXIVEPM HIP ZERS FEYPI 1E ZIXXYVE HSXEXE HM HYI ERXIRRI WITEVEXI UYIPPE TIV PE VMGI^MSRI HIPPI WXE^MSRM +2 MRXIKVEXE RIP PYRSXXS HSZI WSRS VMGEZEXI WTIGMJMGLI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPP SWWEXYVE HIP TSVXIPPSRI 1 ERXIRRE TIV PE VMGI^MSRI HIPPI WXE^MSRM &2 MRXIKVEXE RIP GVMWXEPPS JMWWS TSWXI VMSVI WMRMWXVS HSZI WSRS VIEPM^ÊXI PI ETTSWMXI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPPE JMERGEXE TSWXIVMSVI WMRMWXVE :R GEZM GSEWWMEPI WGLIVQEXS GSPPIKE P EYXSVEHMS EM HYI EQTPMJMGEXSVM MP GEZS WYHHMZMWS MR XVI WI^MSRM YRE WSXXS TPERGME YRE PYRKS MP PEXS WMRMWXVS HIPP EFMXE GSPS JMRS EPP EQTPMJMGEXSVI &2 YRE XIVÊ GSPPIKE M HYI EQTPMJMGEXSVM
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1 EYXSVEHMS 5 EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' I HIP QE\M JYWI /' HM ' 7MGIZI MRZIGI P EPMQIRXE^MSRI WSXXS GLMEZI .39 TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI' GSRRIXXSVI ) .P TMR HIP GSRRIXXSVI & MRZIGI E QEWWE .P TMR HIP GSRRIXXSVI & GSPPIKEXS GSR PE GIRXVEPMRE 5 GLI GSRXVSPPE P ERXIRRE MRXIKVEXE RIP PYRSXXS XIVQMGS 1E GIRXVEPMRE 5 GSPPIKEXE EPPE VEHMS ERGLI TIV QI^^S HIPP ETTSWMXS GEZS GSEWWMEPI HIPP ERXIRRE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS EM GSQERHM VEHMS WYP ZSPERXI - MP GSPPIKEQIRXS EZZMIRI XVEQMXI MP GSRXEXXS WTMVEPEXS TSWXS WSXXS MP HIZMSKYMHE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS XVEQMXI PMRIE WIVMEPI EP HMWTPE] .(8 * GLI ZMWYEPM^Ê XYXXI PI MRJSVQE^MSRM VIPEXMZI EPPE VEHMS &P TMR HIP GSRRIXXSVI & KMYRKI YR WIKREPI XEGLMQIXVMGS HEP UYEHVS WXVYQIRXM * XEPI WIKREPI ZMIRI YXMPM^ÊXS HEPPE EYXSVEHMS TIV PE JYR^MSRI HM GSRXVSPPS EYXSQEXMGS HIP ZSPYQI MR JYR^MSRI HIPPE ZIPSGMX HIPPE ZIXXYVE )EP GSRRIXXSVI ' IWGSRS M WIKREPM ZIVWS KPM EPXSTEVPERXM TMR I EKPM EPXSTEVPERXM ERXIVMSVM PEXS WMRMWXVS 5 I 5 TMR I EKPM EPXSTEVPERXM ERXIVMSVM PEXS HIWXVS 5 I 5 TMR I EPP EPXSTEVPERXI TSWXIVMSVI WMRMWXVS 5 TMR I EPP EPXSTEVPERXI TSWXIVMSVI HIWXVS 5 )EP GSRRIXXSVI * IWGI MP GEZS HM GSPPIKEQIRXS EP PIXXSVI () 5 EXXVEZIVWS PE KMYR^MSRI MRXIVQIHME )
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Ê HIPP MQTMERXS JSVRMXS HM WIVMI EPXSTEVPERXM RIPPI TSVXI ERXIVMSVM QMHVERKI GSR X[IIXIV MRGSVTSVEXM EPXSTEVPERXM [MHIVERKI RIPPI TSVXI TSWXIVMSVM EPXSTEVPERXI TSWXIVMSVI [SSJIV EQTPMJMGEXSVI EH EPXE TSXIRÊ ,PM EPXVM GSQTSRIRXM EYXSVEHMS ERXIRRE IGG WSRS M QIHIWMQM HIPP MQTMERXS HM WIVMI 1 MQTMERXS YXMPM^Ê YRE EYXSVEHMS ,7:3)., EFFMREXE EP HMWTPE] .(8 FEWI :R ETTSWMXS GEVMGEXSVI TSVXE () GSRWIRXI HM GEVMGEVI JMRS E () GLI ZIRKSRS TSM WIPI^MSREXM EXXVEZIVWS GSQERHM WYP HMWTPE] HIPPE VEHMS .P PIXXSVI GEQFME () GSPPSGEXS RIP ZERS FEYPI WYP PEXS WMRMWXVS . TVMRGMTEPM GSQERHM HIPPE VEHMS WSRS VMTIXYXM ERGLI WYP ZSPERXI GSRWIRXIRHS EP KYMHEXSVI P E^MSREQIRXS HIPPE VEHMS WIRÊ WXEGGEVI PI QERM HEP ZSPERXI WXIWWS 5IV MQTIHMVI MRXIVJIVIRÎ HIM WIKREPM VMPIZEXM HEPP ERXIRRE GSR UYIPPM HIPP MQTMERXS IPIXXVMGS HIPPE ZIXXYVE PI ERXIRRI WSRS STTSVXYREQIRXI TVSXIXXI GSR ETTSWMXM WSTTVIWWSVM ()
5IV QEKKMSVM HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 1 &:947&).4 * &:949*1*+434 .P GMVGYMXS EYXSVEHMS EPMQIRXEXS WME GSR GLMEZI WY 2&7 GLI GSR YR EPMQIR XE^MSRI HMVIXXE HEPPE FEXXIVME GLI GSRWIRXI PE QIQSVM^Ê^MSRI HM WMRXSRMI GSHMGM HM WMGYVI^Ê IGG 1I HYI PMRII WYHHIXXI WSRS TVSXIXXI HE HYI JYWMFMPM HIPPE GIRXVEPMRE HM HIVMZE ^MSRI I HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI P EYXSVEHMS HSXEXE HM YR WMWXIQE ERXMJYVXS GSR GSHMGI HM WMGYVI^Ê TIVWSREPM^ÊXS WIGYVMX] GSHI GLI HIZI IWWIV VIMQ QIWWS UYEPSVE WM ZIVMJMGLM YR MRXIVVY^MSRI HIPPE EPMQIRXE^MSRI TIV IW WGSPPIKEQIRXS HIPPE FEXXIVME
5IV QEKKMSVM HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 1 &:947&).4 * &:949*1*+434
1E ZIXXYVE HSXEXE HM YR ERXIRRE MRXIKVEXE RIP PYRSXXS WTIGMJMGLI WIVMKVEJMI WSRS HIHMGEXI EPPE VMGI^MSRI HIPPI WXE^MSRM &2 1I WIVMKVEJMI TIV PE VMGI^MSRI HIPPI WXE^MSRM +2 JERRS TEVXI HIKPM IPIQIRXM WFVMRERXM 1 EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYP QSRXERXI TSWXIVMSVI HIWXVS :R GEZM GSEWWMEPI WGLIVQEXS GSPPIKE P EYXSVEHMS EPP EQTPMJMGEXSVI MP GEZS WYHHMZMWS MR HYI WI^MSRM YRE WSXXS TPERGME I YRE PYRKS MP PEXS HIWXVS HIPP EFMXEGSPS
1E ZIXXYVE HSXEXE HM HYI ERXIRRI WITEVEXI UYIPPE TIV PE VMGI^MSRI HIPPI WXE^MSRM +2 MRXIKVEXE RIP PYRSXXS HSZI WSRS VMGEZEXI WTIGMJMGLI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPP SWWEXYVE HIP TSVXIPPSRI
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1 ERXIRRE TIV PE VMGI^MSRI HIPPI WXE^MSRM &2 MRXIKVEXE RIP GVMWXEPPS JMWWS TSWXI VMSVI WMRMWXVS HSZI WSRS VIEPM^ÊXI PI ETTSWMXI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPPE JMERGEXE TSWXIVMSVI WMRMWXVE :R GEZM GSEWWMEPI WGLIVQEXS GSPPIKE P EYXSVEHMS EM HYI EQTPMJMGEXSVM MP GEZS WYHHMZMWS MR XVI WI^MSRM YRE WSXXS TPERGME YRE PYRKS MP PEXS WMRMWXVS HIPP EFMXE GSPS JMRS EPP EQTPMJMGEXSVI &2 YRE XIVÊ GSPPIKE M HYI EQTPMJMGEXSVM
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(SHMGI GSQTSRIRXI ' ( ) ) ) ) ) * * - - 5 5 5 5 5 5 5 5 5 5 5 5 5
1 EYXSVEHMS 5 EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' I HIP QE\M JYWI /' HM ' &RGLI MP TMR HIP GSRRIXXSVI & EPMQIRXEXS TIV MRJSVQEVI P EYXSVEHMS WXIWWE HIPPE TVIWIRÊ HIPP MQTMERXS -.+. 'SWI 7MGIZI MRZIGI P EPMQIRXE^MSRI WSXXS GLMEZI .39 TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI' GSRRIXXSVI ) .P TMR HIP GSRRIXXSVI & MRZIGI E QEWWE .P TMR HIP GSRRIXXSVI & GSPPIKEXS GSR PE GIRXVEPMRE 5 GLI GSRXVSPPE P ERXIRRE MRXIKVEXE RIP PYRSXXS XIVQMGS 1E GIRXVEPMRE 5 GSPPIKEXE EPPE VEHMS ERGLI TIV QI^^S HIPP ETTSWMXS GEZS GSEWWMEPI HIPP ERXIRRE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS EM GSQERHM VEHMS WYP ZSPERXI - MP GSPPIKEQIRXS EZZMIRI XVEQMXI MP GSRXEXXS WTMVEPEXS TSWXS WSXXS MP HIZMSKYMHE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS XVEQMXI PMRIE WIVMEPI EP HMWTPE] .(8 * GLI ZMWYEPM^Ê XYXXI PI MRJSVQE^MSRM VIPEXMZI EPPE VEHMS &P TMR HIP GSRRIXXSVI & KMYRKI YR WIKREPI XEGLMQIXVMGS HEP UYEHVS WXVYQIRXM * XEPI WIKREPI ZMIRI YXMPM^Ê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KPM EPXSTEVPERXM TSWXIVMSVM WSRS GSPPSGEXM WYM VMTMERM PEXIVEPM HIP ZERS FEYPI 1E ZIXXYVE HSXEXE HM HYI ERXIRRI WITEVEXI UYIPPE TIV PE VMGI^MSRI HIPPI WXE^MSRM +2 MRXIKVEXE RIP PYRSXXS HSZI WSRS VMGEZEXI WTIGMJMGLI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPP SWWEXYVE HIP TSVXIPPSRI 1 ERXIRRE TIV PE VMGI^MSRI HIPPI WXE^MSRM &2 MRXIKVEXE RIP GVMWXEPPS JMWWS TSWXI VMSVI WMRMWXVS HSZI WSRS VIEPM^ÊXI PI ETTSWMXI WIVMKVEJMI :RS WTIGMJMGS EQTPMJMGEXSVI HIP WIKREPI HM ERXIRRE TSWM^MSREXS WYPPE JMERGEXE TSWXIVMSVI WMRMWXVE :R GEZM GSEWWMEPI WGLIVQEXS GSPPIKE P EYXSVEHMS EM HYI EQTPMJMGEXSVM MP GEZS WYHHMZMWS MR XVI WI^MSRM YRE WSXXS TPERGME YRE PYRKS MP PEXS WMRMWXVS HIPP EFMXE GSPS JMRS EPP EQTPMJMGEXSVI &2 YRE XIVÊ GSPPIKE M HYI EQTPMJMGEXSVM
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1 EYXSVEHMS 5 EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' I HIP QE\M JYWI /' HM ' 7MGIZI MRZIGI P EPMQIRXE^MSRI WSXXS GLMEZI .39 TMR HIP GSRRIXXSVI & XVEQMXI PE PMRIE HIP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI' GSRRIXXSVI ) .P TMR HIP GSRRIXXSVI & MRZIGI E QEWWE .P TMR HIP GSRRIXXSVI & GSPPIKEXS GSR PE GIRXVEPMRE 5 GLI GSRXVSPPE P ERXIRRE MRXIKVEXE RIP PYRSXXS XIVQMGS 1E GIRXVEPMRE 5 GSPPIKEXE EPPE VEHMS ERGLI TIV QI^^S HIPP ETTSWMXS GEZS GSEWWMEPI HIPP ERXIRRE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS EM GSQERHM VEHMS WYP ZSPERXI - MP GSPPIKEQIRXS EZZMIRI XVEQMXI MP GSRXEXXS WTMVEPEXS TSWXS WSXXS MP HIZMSKYMHE . TMR I HIP GSRRIXXSVI ) WM GSPPIKERS XVEQMXI PMRIE WIVMEPI EP HMWTPE] .(8 * GLI ZMWYEPM^Ê XYXXI PI MRJSVQE^MSRM VIPEXMZI EPPE VEHMS &P TMR HIP GSRRIXXSVI & KMYRKI YR WIKREPI XEGLMQIXVMGS HEP UYEHVS WXVYQIRXM * XEPI WIKREPI ZMIRI YXMPM^ÊXS HEPPE EYXSVEHMS TIV PE JYR^MSRI HM GSRXVSPPS EYXSQEXMGS HIP ZSPYQI MR JYR^MSRI HIPPE ZIPSGMX HIPPE ZIXXYVE )EP GSRRIXXSVI ' IWGSRS M WIKREPM ZIVWS KPM EPXSTEVPERXM TMR I EKPM EPXSTEVPERXM ERXIVMSVM PEXS WMRMWXVS 5 I 5 TMR I EKPM EPXSTEVPERXM ERXIVMSVM PEXS HIWXVS 5 I 5 TMR I EPP EPXSTEVPERXI TSWXIVMSVI WMRMWXVS 5 TMR I EPP EPXSTEVPERXI TSWXIVMSVI HIWXVS 5 )EP GSRRIXXSVI * IWGI MP GEZS HM GSPPIKEQIRXS EP PIXXSVI () 5 EXXVEZIVWS PE KMYR^MSRI MRXIVQIHME )
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(SHMGI GSQTSRIRXI & & & ' ' () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS ' & ' & 'EXXIVME &PXIVREXSVI 2SXSVMRS HEZZMEQIRXS (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE QE\MJYWI WY FEXXIVME
*
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*
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(42543*39. 14(&1.??&?.43* (42543*39.
)*8(7.?.43*
1 MQTMERXS HM VEJJVIHHEQIRXS HIP VEHMEXSVI QSXSVI I HIP GSRHIRWEXSVI GSRHM ^MSREXSVI GSWXMXYMXS HE YRE IPIXXVSZIRXSPE E^MSREXE E HYI HMJJIVIRXM ZIPSGMX WY GSQERHS HIPPE GIRXVEPMRE HM KIWXMSRI QSXSVI PE TVMQE ZIPSGMX EXXMZEXE MR GSVVMWTSRHIRÊ EH YR TVMQS PMZIPPS HM XIQTIVE XYVE HIP PMUYMHS HM VEJJVIHHEQIRXS QSXSVI STTYVI EH YRE GIVXE TVIWWMSRI HIP JPYMHS VIJVMKIVERXI HIP GSRHM^MSREXSVI PE WIGSRHE ZIPSGMX WM MRWIVMWGI MR GSVVMWTSRHIRÊ EH YRE TM IPIZEXE XIQTI VEXYVE S TVIWWMSRI 1 E^MSREQIRXS HIPPE IPIXXVSZIRXSPE VIEPM^ÊXS TIV QI^^S HM HYI ETTSWMXM XIPI VYXXSVM GSPPSGEXM RIP ZERS QSXSVI ZMGMRS EPPE FEXXIVME 1E PMRIE HM EPMQIRXE^MSRI HIPP IPIXXVSZIRXSPE TVSXIXXE HE YR ETTSWMXS QE\MJYWI QIRXVI MP GMVGYMXS HM IGGMXE^MSRI HIM XIPIVYXXSVM TVSXIXXS HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI GLI TVSXIKKI RYQIVSWM EPXVM WIVZM^M WSXXS GLMEZI 1E IPIXXVSZIRXSPE WM MRWIVMWGI TIVXERXS WSPS GSR GLMEZI VYSXEXE WYP 2&7
()

*
8(-*2& *1*997.(4
7&++7*))&2*394 24947*
8(-*2. *1*997.(.
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(SHMGI GSQTSRIRXI / / 0 2 2 3 3 4 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS
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j ZIPSGMX IPIXXVSZIRXSPE / GLI RI IGGMXE PE FSFMRE MP XIPIVYXXSVI MRZME UYMRHM YRE QEWWE GLI EXXVEZIVWS PE VIWMWXIRÊ 4 E^MSRE P IPIXXVSZIRXSPE 3 GLI KMVE GSW EPPE TVMQE ZIPSGMX PIRXE 8I MP PMUYMHS HM VEJJVIHHEQIRXS HIP QSXSVI VEKKMYRKI YR PMZIPPS TM EPXS HM XIQTIVEXYVE STTYVI MP TVIWWSWXEXS E PMZIPPM 0 TMR WIKREPE EPPE GIRXVEPMRE 2 MP VEKKMYRKMQIRXS HM YR TM IPIZEXS PMZIPPS HM TVIWWMSRI EPPSVE PE GIRXVEPMRE 2 MRZME YR WIKREPI HM QEWWE EP XIPIVYXXSVI j ZIPSGMX IPIXXVSZIRXSPE / GLI RI IGGMXE PE FSFMRE MP XIPIVYXXSVI MRZME EPPSVE YRE QEWWE HMVIXXEQIRXI EPPE IPIXXVSZIRXSPE 3 GLI KMVE GSW EPPE QEWWMQE ZIPSGMX
9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 5VIWWSWXEXS E PMZIPPM (IRXVEPMRE GSRXVSPPS QSXSVI (IRXVEPMRE GSRXVSPPS QSXSVI 2SXSVMRS IPIXXVSZIRXSPE QSXSVI 2SXSVMRS IPIXXVSZIRXSPE QSXSVI 7IWMWXIRÊ VIKSPE^MSRI IPIXXVSZIRXSPE QSXSVI ' ' , * * *
(42543*39.
(SHMGI GSQTSRIRXI ' ' ( ( ) ) ) - / () )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE ERXIVMSVI WMRMWXVE 2EWWE ERX HIWXVE ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXIVMSVI QSXSVI ,MYR^MSRI ERXVEHMEXSVI (SQQYXEXSVI HM EGGIRWMSRI
9IPIVYXXSVI HIZMEXSVI IPIXXVSZIRXSPI QSXSVI
*
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*
8(-*2& *1*997.(4
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7&++7*))&2*394 24947*
8(-*2. *1*997.(.
*
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Ê 4 E^MSRE P IPIXXVSZIRXSPE 3 GLI KMVE GSW EPPE TVMQE ZIPSGMX PIRXE 8I MP PMUYMHS HM VEJJVIHHEQIRXS HIP QSXSVI VEKKMYRKI YR PMZIPPS TM EPXS HM XIQTIVEXYVE STTYVI MP TVIWWSWXEXS E PMZIPPM 0 TMR WIKREPE EPPE GIRXVEPMRE 2 MP VEKKMYRKMQIRXS HM YR TM IPIZEXS PMZIPPS HM TVIWWMSRI EPPSVE PE GIRXVEPMRE 2 MRZME YR WIKREPI HM QEWWE EP XIPIVYXXSVI ZIPSGMX IPIXXVSZIRXSPE / GLI RI IGGMXE PE FSFMRE MP XIPIVYXXSVI MRZME EPPSVE YRE QEWWE HMVIXXEQIRXI EPPE IPIX XVSZIRXSPE 3 GLI KMVE GSW EPPE QEWWMQE ZIPSGMX
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*
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(42543*39.
*
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8(-*2. *1*997.(.
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1 MQTMERXS HM VEJJVIHHEQIRXS HIP VEHMEXSVI QSXSVI GSWXMXYMXS HE YRE IPIXXVS ZIRXSPE E^MSREXE EH YRE WSPE ZIPSGMX 1E IPIXXVSZIRXSPE EXXMZEXE WY GSQERHS HIPPE GIRXVEPMRE HM KIWXMSRI QSXSVI MR GSVVMWTSRHIRÊ EH YR GIVXS PMZIPPS HM XIQTIVEXYVE HIP PMUYMHS HM VEJJVIHHE QIRXS QSXSVI 1E PMRIE HM EPMQIRXE^MSRI HIPP IPIXXVSZIRXSPE TVSXIXXE HE YR ETTSWMXS QE\MJYWI QIRXVI MP GMVGYMXS HM IGGMXE^MSRI HIP XIPIVYXXSVI TVSXIXXS HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI GLI TVSXIKKI RYQIVSWM EPXVM WIVZM^M WSXXS GLMEZI 1E IPIXXVSZIRXSPE WM MRWIVMWGI TIVXERXS WSPS GSR GLMEZI VYSXEXE WYP 2&7
()

*
8(-*2& *1*997.(4
7&++7*))&2*394 24947*
8(-*2. *1*997.(.
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7&++7*))&2*394 24947*
(SHMGI GSQTSRIRXI 3 3 4 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS * * *
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
2SXSVMRS IPIXXVSZIRXSPE QSXSVI 2SXSVMRS IPIXXVSZIRXSPE QSXSVI 7IWMWXIRÊ VIKSPE^MSRI IPIXXVSZIRXSPE QSXSVI
(42543*39.
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9IPIVYXXSVI HIZMEXSVI IPIXXVSZIRXSPI QSXSVI 9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 5VIWWSWXEXS E PMZIPPM (IRXVEPMRE GSRXVSPPS QSXSVI (IRXVEPMRE GSRXVSPPS QSXSVI ' ' ,
*
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1 MQTMERXS HM VEJJVIHHEQIRXS HIP VEHMEXSVI QSXSVI I HIP GSRHIRWEXSVI GSRHM ^MSREXSVI GSWXMXYMXS HE HYI IPIXXVSZIRXSPE E^MSREXI E HYI HMJJIVIRXM ZIPSGMX WY GSQERHS HIPPE GIRXVEPMRE HM KIWXMSRI QSXSVI PE TVMQE ZIPSGMX EXXMZEXE MR GSVVMWTSRHIRÊ EH YR TVMQS PMZIPPS HM XIQTIVE XYVE HIP PMUYMHS HM VEJJVIHHEQIRXS QSXSVI STTYVI EH YRE GIVXE TVIWWMSRI HIP JPYMHS VIJVMKIVERXI HIP GSRHM^MSREXSVI PE WIGSRHE ZIPSGMX WM MRWIVMWGI MR GSVVMWTSRHIRÊ EH YRE TM IPIZEXE XIQTI VEXYVE S TVIWWMSRI 1 E^MSREQIRXS HIPPI HYI IPIXXVSZIRXSPI VIEPM^ÊXS MR GSRXIQTSVERIE GSR EP QSHEPMX WIVMITEVEPPIPS EPMQIRXEXI MR WIVMI KMVERS IRXVEQFI EH YRE TVMQE ZIPSGMX EPMQIRXEXI MRZIGI MR TEVEPPIPS KMVERS EPPE ZIPSGMX QEWWMQE 9EPI TEVXMGSPEVI E^MSREQIRXS ZMIRI KIWXMXS XVEQMXI HYI ETTSWMXM XIPIVYXXSVM GSPPS GEXM RIP ZERS QSXSVI ZMGMRS EPPE FEXXIVME IH YR XIPIHIZMEXSVI TSWXS HMVIXXEQIRXI WYP VEHMEXSVI RIM TVIWWM HIPPE ZIRXSPE WXIWWE 1I PMRII HM EPMQIRXE^MSRI HIPPI IPIXXVSZIRXSPI WSRS TVSXIXXI HE YR QE\MJYWI TIV GMEWGYRE ZIRXSPE QIRXVI MP GMVGYMXS HM IGGMXE^MSRI HIM XIPIVYXXSVM TVSXIXXS HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI GLI TVSXIKKI RYQIVSWM EPXVM WIVZM^M WSXXS GLMEZI 1I IPIXXVSZIRXSPI WM MRWIVMWGSRS TIVXERXS WSPS GSR GLMEZI VYSXEXE WYP 2&7
()

*
8(-*2& *1*997.(4
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8(-*2. *1*997.(.
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(SHMGI GSQTSRIRXI - / / / 0 2 2 3 3 4 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
7MJIVMQIRXS EP GSQTPIW WMZS &
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(SQQYXEXSVI HM EGGIRWMSRI
9IPIVYXXSVI HIZMEXSVI IPIXXVSZIRXSPI QSXSVI 9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 9IPIVYXXSVI jZIPSGMX IPIXXVSZIRXSPE QSXSVI 5VIWWSWXEXS E PMZIPPM (IRXVEPMRE GSRXVSPPS QSXSVI (IRXVEPMRE GSRXVSPPS QSXSVI 2SXSVMRS IPIXXVSZIRXSPE QSXSVI 2SXSVMRS IPIXXVSZIRXSPE QSXSVI 7IWMWXIRÊ VIKSPE^MSRI IPIXXVSZIRXSPE QSXSVI ' ' , * * *
(42543*39.
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1E GIRXVEPMRE GSRXVSPPS QSXSVI 2 GSRXVSPPE I VIKSPE XYXXS MP WMWXIQE HM EGGIR WMSRI IH MRMI^MSRI IPIXXVSRMGE 1E GIRXVEPMRE EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME EP TMR HIP GSRRIXXSVI & HEPPE PMRIE HIP QE\MJYWI *+. HM ' EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' 1E EPMQIRXE^MSRI WSXXS GLMEZI KMYRKI EP TMR HIP GSRRIXXSVI & HEPPE PMRIE WSXXS GLMEZI TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) .P XIPIVYXXSVI TVMRGMTEPI / EPMQIRXEXS HMVIXXEQIRXI HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI *+. HM ' QIRXVI PE FSFMRE GSQERHEXE HEPPE GIRXVEPMRE 2 TMR HIP GSRRIXXSVI & EXXVEZIVWS MP HMSHS HM TVSXI^MSRI 2 .P XIPIVYXXSVI MRZME HM GSRWIKYIRÊ PE EPMQIRXE^MSRI EPPE GIRXVEPMRE WXIWWE 2 TMR I HIP GSRRIXXSVI & EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EP XIPIVYXXSVI ZEVMEXSVI HM JEWI / EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EKPM IPIXXVSMRMIXXSVM 3 EPPE FSFMRE & EP VMWGEPHEXSVI HIPPE WSRHE PEQFHE 0 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWM FMPI ' EPP IPIXXVSZEPZSPE VIGYTIVS ZETSVM 1 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EPP IPIXXVSZEPZSPE KISQIXVME ZEVMEFMPI 1 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EPP EXXYEXSVI HIP QMRMQS 3 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EP WIRWSVI HM JEWI 0 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' EP QMWYVEXSVI TSVXEXE EVME 0 EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' .P XIPIVYXXSVI TSQTE GSQFYWXMFMPI / EPMQIRXEXS HEPPE PMRIE HIP QE\MJYWI *+. HM ' I HEPPE PMRIE WSXXS GLMEZI TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) *WWS ZMIRI IGGMXEXS GSR YR WIKREPI HM GSQERHS QEWWE TVSZIRMIRXI HEP TMR HIP GSRRIXXSVI & HIPPE GIRXVEPMRE 2 I JSVRMWGI P EPMQIRXE^MSRI EPP IPIXXVS TSQTE GSQFYWXMFMPI 3 GLI GSPPIKEXE E QEWWE EXXVEZIVWS P MRXIVVYXXSVI MRIV ^MEPI . GLI MR GEWS HM YVXS MRXIVVSQTI MP GMVGYMXS I UYMRHM JIVQE TIVMGSPSWI P IVSKE^MSRI HM GSQFYWXMFMPI 1 IPIXXVSTSQTE GSQFYWXMFMPI 3 GSPPIKEXE E QEWWE EXXVEZIVWS P MRXIVVYXXSVI MRIV^MEPI . GLI MR GEWS HM YVXS MRXIVVSQTI MP GMVGYMXS I UYMRHM JIVQE TIVMGSPSWI P IVSKE^MSRI HM GSQFYWXMFMPI .P TMR HIP GSRRIXXSVI & VMGIZI YR WIKREPI HEPP EPXIVREXSVI & TMR ) GLI MRJSVQE PE GIRXVEPMRE GLI MP QSXSVI MR QSXS 0=B?G; ?F?NNLC=I " &;;.& 2*394 * 7.(&7.(&
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1E GIRXVEPMRE GSRXVSPPS QSXSVI 2 GSRXVSPPE I VIKSPE XYXXS MP WMWXIQE HM MRMI ^MSRI IPIXXVSRMGE 1E GIRXVEPMRE QSXSVI 2 EPMQIRXEXE WSXXS GLMEZI EP TMR HIP GSRRIXXSVI ' HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' ) .P XIPIVYXXSVI / GSRXVSPPE P EPMQIRXE^MSRI HIP WMWXIQE IWWS EPMQIRXEXS HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI *+. HM ' ERGLI PE FSFMRE EPMQIRXEXE HEPPE WXIWWE PMRIE )EP TMR HIP GSRRIXXSVI ( HIPPE GIRXVEPMRE 2 KMYRKI MP WIKREPI HM GSRWIRWS GLI IGGMXE MP XIPIVYXXSVI / IH MRZME EPMQIRXE^MSRI EPPE GIRXVEPMRE WXIWWE EM TMR IH HIP GSRRIXXSVI & PE PMRIE GLI HE / ZE EP TMR TVSXIXXE ERGLI HEP JYWMFMPI ZSPERXI ' .P XIPIVYXXSVI / TYVI EPMQIRXEXS HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI *+. HM ' PE FSFMRE EPMQIRXEXE HEP XIPIVYXXSVI / QIRXVI HEP TMR HIP GSRRIXXSVI ( HIPPE GIRXVEPMRE 2 KMYRKI MP WIKREPI GLI IGGMXE MP XIPIVYXXSVI / MR XEP QSHS ZMIRI JSVRMXE P EPMQIRXE^MSRI EPP IPIXXVSTSQTE GSQFYWXMFMPI 3 GLI GSPPIKEXE E QEWWE EXXVEZIVWS P MRXIVVYXXSVI MRIV^MEPI . 6YIWXS MR GEWS HM YVXS MRXIVVSQTI MP GMVGYMXS I UYMRHM JIVQE TIVMGSPSWI IVSKE^MSRM HM GSQFYWXMFMPI .P XIPIVYXXSVI TVIVMWGEPHS KEWSPMS / EPMQIRXEXS HEPPE FEXXIVME EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' I HEP QE\MJYWI ,14< HM ' PE FSFMRE EPMQIRXEXE HEPP EPXIVREXSVI & WIKREPI ) MR XEP QSHS MP TVIVMWGEPHS WM MRWI VMWGI WSPS E QSXSVI MR QSXS MP XIPIVYXXSVI / GSQERHE MP JYR^MSREQIRXS HIPPE VIWMWXIRÊ VMWGEPHEQIRXS KEWSPMS 4 MP XIVQSGSRXEXXS GSRRIXXSVI & HM 4 HMWEXXMZE MP WMWXIQE E VMWGEPHEQIRXS EZZIRYXS 1E GIRXVEPMRE 2 GLI KIWXMWGI MP TVIVMWGEPHS HIPPI GERHIPIXXI & EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME EXXVEZIVWS PE PMRIE TVSXIXXE HEP QE\MJYWI ,14< HM ' *WWE VMGIZI M GSQERHM HEM TMR I HIP GSRRIXXSVI ( HM 2 IH MRZME YR WIKREPI HM JIIHFEGO HEP TMR HIP GSRRIXXSVI ' HIPPE GIRXVEPMRE 2 )EP GSRRIXXSVI ' HM 2 TEVXI PE EPMQIRXE^MSRI HIPPI GERHIPIXXI & . TMR I HIP GSRRIXXSVI & HM 2 WSRS E QEWWE 1E GIRXVEPMRE QSXSVI 2 VMGIZI M WIKREPM HEM HMZIVWM WIRWSVM QERXIRIRHS GSW WSXXS GSRXVSPPS XYXXM M TEVEQIXVM HM JYR^MSREQIRXS HIP QSXSVI .P WIRWSVI HM KMVM 0 JSVRMWGI EXXVEZIVWS YR WIKREPI MR JVIUYIRÊ MRZMEXS EP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE 2 MRJSVQE^MSRM GMVGE MP VIKMQI HIP QSXSVI *WWS VMGIZI HEP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE YR WIKREPI HM QEWWE *RXVEQFM M WIKREPM WSRS HM HIFSPI MRXIRWMX I TIVGM WSRS STTSVXYRE QIRXI WGLIVQEXM TMR GSRRIXXSVI ) HM 2 .P WIRWSVI HM JEWI 0 EPMQIRXEXS HEP XIPIVYXXSVI / *WWS VMGIZI YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE 2 IH MR ZME EH IWWE YR WIKREPI MR JVIUYIRÊ GSVVMWTSRHIRXI EPPE JEWI EP TMR HIPPS WXIWWS GSRRIX XSVI
.P XVEWQIXXMXSVI XIQTIVEXYVE QSXSVI 0 VMGIZI YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE 2 I JSVRMWGI YR WIKREPI TVSTSV^MSREPI EPPE XIQTIVEXYVE HIP PMUYMHS HIP QSXSVI EP TMR HIP GSRRIXXSVI WXIWWS 1S WXIWWS XVEWQIXXMXSVI JSVRMWGI MRJSVQE^MSRM EPPS WXVYQIRXS GSR P MRHMGEXSVI I PE WTME HIPPE XIQTIVEXYVE HIP QSXSVI 0=B?G; ?F?NNLC=I " 897:2*394 ). '47)4 .P QMWYVEXSVI TSVXEXE H EVME 0 VMGIZI P EPMQIRXE^MSRI KIRIVEPI HEP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE I HEP TMR HIPPS WXIWWS YRE XIRWMSRI HM VMJIVM QIRXS *WWS MRZME EP TMR HIP GSRRIXXSVI ) YR WIKREPI TVSTSV^MSREPI EPPE TSVXEXE H EVME &PP MRXIVRS HM 0 GSPPSGEXS ERGLI YR WIRWSVI XIQTIVEXYVE EVME PE QEWWE HM VMJIVMQIRXS HIP WIRWSVI JSVRMXE HEP TMR HIP GSRRIXXSVI ) HM 2 QIRXVI EP TMR HIPPS WXIWWS GSRRIXXSVI KMYRKI MP WIKREPI HM XIQTIVEXYVE EVME .P TIHEPI EGGIPIVEXSVI 0 HSXEXS HM HYI TSXIR^MSQIXVM MRXIKVEXM YRS TVMRGM TEPI IH YRS HM WMGYVI^Ê .P TVMQS VMGIZI EPMQIRXE^MSRI I QEWWE VMWTIXXMZEQIRXI HEM TMR I HIP GSRRIXXSVI ( HM 2 IH MRZME MP WIKREPI GSVVMWTSRHIRXI EP TMR HIPPS WXIWWS GSRRIXXSVI .P WIGSRHS VMGIZI EPMQIRXE^MSRI I QEWWE VMWTIX XMZEQIRXI HEM TMR I HIP GSRRIXXSVI ( HM 2 IH MRZME MP WIKREPI EP TMR HIP GSRRIXXSVI ( .P WIRWSVI HM XIQTIVEXYVE GSQFYWXMFMPI 0 QSRXEXS WYP GSPPIXXSVI HM VMXSVRS VMPIZE PE XIQTIVEXYVE HIP KEWSPMS MR YWGMXE HEKPM MRMIXXSVM *WWS VMGIZI YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI ( HM 2 IH MRZME EP TMR HIPPS WXIWWS MP WIKREPI HM XIQTIVEXYVE GSQFYWXMFMPI .P WIRWSVI WSZVEPMQIRXE^MSRI 0 VMPIZE PE TVIWWMSRI HIP XYVFS GSQTVIWWSVI *WWS EPMQIRXEXS HEP TMR HIP GSRRIXXSVI ) HM 2 I VMGIZI HEP TMR HIPPS WXIWWS YRE QEWWE HM VMJIVMQIRXS .P WIKREPI ZMIRI MRZMEXS EP TMR HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE .P WIRWSVI TVIWWMSRI GSQFYWXMFMPI 0 LE MP GSQTMXS HM JSVRMVI EPPE GIRXVEPMRE HM MRMI^MSRI YR WIKREPI HM JIIHFEGO TIV VIKSPEVI PE TVIWWMSRI I PE HYVEXE HIPP MRMI ^MSRI *WWS VMGIZI P EPMQIRXE^MSRI I PE QEWWE HM VMJIVMQIRXS VMWTIXXMZEQIRXI HEM TMR I HIP GSRRIXXSVI ) HM 2 MRZME TSM MP WIKREPI WYPPE TVIWWMSRI EP TMR HIPPS WXIWWS GSRRIXXSVI .P VIKSPEXSVI HM TVIWWMSRI GSQFYWXMFMPI 3 LE MP GSQTMXS HM QERXIRIVI GSWXERXI MP ZEPSVI HIPPE TVIWWMSRI HIP GSQFYWXMFMPI RIPP EGGYQYPEXSVI . HYI WIKREPM HM GSRXVSPPS TVSZIRKSRS HEM TMR I HIP GSRRIXXSVI ) HIPPE GIRXVEPMRE 1 IPIXXVSZEPZSPE *,7 1 GSRXVSPPE MP VMGMVGSPS HIM KEW HM WGEVMGS *WWE EPMQIR XEXE HEP TMR HIP GSRRIXXSVI ( HM 2 IH MRZME YR WIKREPI EP TMR HIPPS WXIWWS .P TMR HIP GSRRIXXSVI ' HM 2 VMGIZI MP WIKREPI TVSZIRMIRXI HEPP MRXIVVYXXSVI PYGM WXST . EPMQIRXEXS WSXXS GLMEZI .39 HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' 0=B?G; ?F?NNLC=I " 1:(. 8945 .P TMR HIP GSRRIXXSVI ' HM 2 VMGIZI MP WIKREPI TVSZIRMIRXI HEPP MRXIVVYXXSVI TIHEPI JVM^MSRI . ERGL IWWS EPMQIRXEXS WSXXS GLMEZI .39 HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' ) ,PM MRMIXXSVM 3 VMGIZSRS P EPMQIRXE^MSRI HM GSRWIRWS EPP ETIVXYVE HEM TMR GMPMRHVM I I GMPMRHVM I HIP GSRRIXXSVI * HM 2 1E GIRXVEPMRE GSRXVSPPS QSXSVI MRZME M GSQERHM EKPM MRMIXXSVM HEM TMR I HIP GSRRIXXSVI * VMWTIXXMZEQIRXI TIV M GMPMRHVM I ()
,*89.43* *1*99743.(& 24947. ).*8*1

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.P UYEHVS HM FSVHS * EPMQIRXEXS WSXXS GLMEZI .39 HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM ' UYERHS EVVMZE MP WIKREPI HM QEWWE EP TMR HIP GSRRIXXSVI ( W MPPYQMRE PE WTME EZEVME MRMI^MSRI UYERHS EVVMZE MP WIKREPI HM QEWWE EP TMR HIP GSRRIXXSVI ( W MPPYQMRE PE WTME TVIVMWGEPHS GERHIPIXXI 1E GIRXVEPMRE 2 WM GSPPIKE GSR PE GIRXVEPMRE 1&3(.& (4)* 2 EXXVEZIVWS P ETTSWMXE PMRIE HEP TMR HIP GSRRIXXSVI ( MR XEP QSHS WI MP (4)* RSR VMPIZE YR GSHMGI GSVVIXXS RSR H MP GSRWIRWS IH MP QSXSVI RSR ZMIRI EZZMEXS 1E GIRXVEPMRE HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI YXMPM^ÊXS GSPPIKERHSWM EP GSRRIXXSVI 7 EXXVEZIVWS MP TMR HIP GSRRIXXSVI ( .P WIKREPI XEGLMQIXVMGS ZIPSGMX ZIXXYVE KMYRKI EP TMR HIP GSRRIXXSVI ( HIPPE GIRXVEPMRE 2 0=B?G; ?F?NNLC=I " 897:2*394 ). '47)4 .P WIKREPI HM XIQTIVEXYVE EGUYE ZMIRI MRZMEXS EP UYEHVS HM FSVHS HEP TMR HIP GSRRIXXSVI ( HM 2 0=B?G; ?F?NNLC=I " 897:2*394 ). '47)4 1E GIRXVEPMRE 2 MRZME HEP TMR HIP GSRRIXXSVI ( YR WIKREPI TVSTSV^MSREPI EP RYQIVS HM KMVM HIP QSXSVI 0=B?G; ?F?NNLC=I " 897:2*394 ). '47)4 1E GIRXVEPMRE 2 GSPPIKEXE GSR P MQTMERXS HM GSRHM^MSREQIRXS XVEQMXI M TMR HIP GSRRIXXSVI ) I HIP GSRRIXXSVI ' (M GSRWIRXI HM EHIKYEVI MP VIKMQI QMRMQS HIP QSXSVI EPP EYQIRXS HM GEVMGS SKRM ZSPXE GLI MP GSQTVIWWSVI ZMIRI MRWIVMXS STTYVI HM HMWMRWIVMVI PS WXIWWS MR GEWS HM IPIZEXI ZIPSGMX S IPIZEXM GEVMGLM QSXSVI PE GIRXVEPMRE 0=B?G; ?F?NNLC=I " .38*7.2*394 (4257*8847* 1E GIRXVEPMRE GSRXVSPPE ERGLI MP WMWXIQE HM VEJJVIHHEQIRXS HIP QSXSVI M TMR HIP GSRRIXXSVI ' HIP GSRRIXXSVI ) I HIP GSRRIXXSVI ( GSQERHERS P MRWIVMQIRXS HIPP IPIXXVSZIRXSPEI HM VEJJVIHHEQIRXS 0=B?G; ?F?NNLC=I " 7&++7*))&2*394 24947* 1E GIRXVEPMRE GSRXVSPPE ERGLI MP WMWXIQE HM (VYMWI (SRXVSP M TMR I HIP GSRRIXXSVI ' I HIP GSRRIXXSVI ( WM GSPPIKERS GSR MP GSQERHS (VYMWI (SRXVSP 0=B?G; ?F?NNLC=I " (7:.8* (439741 )EP TMR HIP GSRRIXXSVI ( IWGI MP WIKREPI VIPEXMZS EP GSRWYQS HM GEVFYVERXI TIV MP XVMT GSQTYXIV 0=B?G; ?F?NNLC=I " 97.5 (425:9*7
+YWMFMPI EPMQIRXE^MSRI GIRXVEPMRE MRMI^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE ERXIVMSVI WMRMWXVE 2EWWE TSWXIVMSVI WMRMWXVE 2EWWE GIRXVEPMRE MRMI^MSRI ,MYR^MSRI ERXTPERGME ,MYR^MSRI ERXIVMSVI QSXSVI ,MYR^MSRI TPERGME QSXSVI 6YEHVS WXVYQIRXM (SQQYXEXSVI HM EGGIRWMSRI .RXIVVYXXSVI TIHEPI JVIRS .RXIVVYXXSVI TIHEPI JVM^MSRI .RXIVVYXXSVI MRIV^MEPI 9IPIVYXXSVI TVMRGMTEPI MRMI^MSRI 9IPIVYXXSVI TSQTE GSQFYWXMFMPI 9IPIVYXXSVI TVIVMWGEPHS KEWSPMS
(42543*39.
(SHMGI GSQTSRIRXI & & ' ' )IRSQMRE^MSRI &PXIVREXSVI (ERHIPIXXE HM TVIVMWGEPHS (IRXVEPMRE HM HIVMZE^MSRI +YWMFMPI TVIVMWGEPHS KEWSPMS
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(SHMGI GSQTSRIRXI 0 2 2
1E JYR^MSRI HM (VYMWI (SRXVSP VIKSPEXSVI HM ZIPSGMX GSWXERXI ZMIRI KIWXMXE HEPPE GIRXVEPMRE GSRXVSPPS QSXSVI 2 WY GSQERHS HIPP ETTSWMXS GSQERHS (VYMWI (SRXVSP - TSWXS WYPPE WMRMWXVE HIP ZSPERXI .P GSQERHS - EPMQIRXEXS WSXXS GLMEZI .39 TMR HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' .P GSQERHS - WM GSPPIKE EPPE GIRXVEPMRE 2 EP TMR HIP GSRRIXXSVI & GSR MP WIKREPI HM 434++ EP TMR HIP GSRRIXXSVI & GSR MP WIKREPI HM 7(1 EP TMR HIP GSRRIXXSVI & GSR MP WIKREPI HM 8*9 EP TMR HIP GSRRIXXSVI & GSR MP WIKREPI HM 8*9 .P TMR HIP GSRRIXXSVI & HM 2 VMGIZI MP WIKREPI HM TIHEPI VMPEWGMEXS TVSZI RMIRXI HEP WIGSRHS GSRXEXXS HIPP MRXIVVYXXSVI PYGM WXST . EPMQIRXEXS WSXXS GLMEZI .39 HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' 5IV PE KIWXMSRI HIPPE JYR^MSRI (VYMWI (SRXVSP PE GIRXVEPMRE YXMPM^Ê ERGLI MP WIKREPI EP TMR HIP GSRRIXXSVI & HM 2 TVSZIRMIRXI HEPP MRXIVVYXXSVI TIHEPI JVM^MSRI . IH M WIKREPM HIP TSXIR^MSQIXVS TIHEPI EGGIPIVEXSVI 0 0=B?G; ?F?NNLC=I " ,*89.43* *1*99743.(& 24947. '*3?.3& 1E GIRXVEPMRE GSRXVSPPS QSXSVI 2 MRZME MRJMRI YR WIKREPI TMR HIP GSRRIX XSVI & EPPE PIZE - GLI JE EGGIRHIVI MP PIH WTIGMJMGS UYERHS MP WMWXIQE MR JYR^MSRI
(42543*39.
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)IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & ' , 5SXIR^MSQIXVS TIHEPI EGGIPIVEXSVI (IRXVEPMRE GSRXVSPPS QSXSVI (IRXVEPMRE GSRXVSPPS QSXSVI
(SHMGI GSQTSRIRXI 0 2 2
1E JYR^MSRI HM (VYMWI (SRXVSP VIKSPEXSVI HM ZIPSGMX GSWXERXI ZMIRI KIWXMXE HEPPE GIRXVEPMRE GSRXVSPPS QSXSVI 2 WY GSQERHS HIPP ETTSWMXS GSQERHS (VYMWI (SRXVSP - TSWXS WYPPE WMRMWXVE HIP ZSPERXI .P GSQERHS - EPMQIRXEXS WSXXS GLMEZI .39 TMR HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' .P GSQERHS - WM GSPPIKE EPPE GIRXVEPMRE 2 EP TMR HIP GSRRIXXSVI ' GSR MP WIKREPI HM 434++ EP TMR HIP GSRRIXXSVI ' GSR MP WIKREPI HM 7(1 EP TMR HIP GSRRIXXSVI ' GSR MP WIKREPI HM 8*9 EP TMR HIP GSRRIXXSVI ' GSR MP WIKREPI HM 8*9 .P TMR HIP GSRRIXXSVI ' HM 2 VMGIZI MP WIKREPI HM TIHEPI VMPEWGMEXS TVSZI RMIRXI HEP WIGSRHS GSRXEXXS HIPP MRXIVVYXXSVI PYGM WXST . EPMQIRXEXS WSXXS GLMEZI .39 HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' 5IV PE KIWXMSRI HIPPE JYR^MSRI (VYMWI (SRXVSP PE GIRXVEPMRE YXMPM^Ê ERGLI MP WIKREPI EP TMR HIP GSRRIXXSVI ' HM 2 TVSZIRMIRXI HEPP MRXIVVYXXSVI TIHEPI JVM^MSRI . IH M WIKREPM HIP TSXIR^MSQIXVS TIHEPI EGGIPIVEXSVI 0 0=B?G; ?F?NNLC=I " ,*89.43* *1*99743.(& 24947. '*3?.3& 1E GIRXVEPMRE GSRXVSPPS QSXSVI 2 MRZME MRJMRI YR WIKREPI TMR HIP GSRRIXXSVI ( EPPE PIZE - GLI JE EGGIRHIVI MP PIH WTIGMJMGS UYERHS MP WMWXIQE MR JYR^MSRI
(42543*39.
(SHMGI GSQTSRIRXI ' ' ) - - . . )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & & & ) , (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ,MYR^MSRI TPERGME QSXSVI (SQQYXEXSVI HM EGGIRWMSRI (SQERHS (VYMWI (SRXVSP .RXIVVYXXSVI TIHEPI JVIRS .RXIVVYXXSVI TIHEPI JVM^MSRI
()

*
8(-*2. *1*997.(.
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>
14(&1.??&?.43* (42543*39.
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8(-*2. *1*997.(.
(PMQEXM^Ê^MSRI
8(-*2. *1*997.(.
(PMQEXM^Ê^MSRI
*
;EPMHMX

+YR^ * * * 8MQFSPS )IWGVM^MSRI 7.8(&1)&947* &)).?.43&1* (43).?.43&947* .38*7.2*394 (4257*8847*
B / 0
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B
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7.8(&1)&947* &)).?.43&1* .RHMGI HIPPE JYR^MSRI
8(-*2. *1*997.(.
*
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(42543*39. 14(&1.??&?.43* (42543*39.
)*8(7.?.43*
1E GPMQEXM^Ê^MSRI HIPPE ZIXXYVE EXXVEZIVWS MP KVYTTS VMWGEPHEXSVI VMWYPXE MRWYJJM GMIRXI E QSXSVI JVIHHS WTIGMEPQIRXI RIP GEWS HM QSXSVM )MIWIP GLI WM TSVXERS MR XIQTIVEXYVE TM PIRXEQIRXI 5IV XEPM QSXSVM^Ê^MSRM ZMIRI EPPSVE SJJIVXS YR WMWXIQE EKKMYRXMZS HM VMWGEPHE QIRXS GLI ZMIRI EXXMZEXS RIM TVMQM MWXERXM HM JYR^MSREQIRXS HIP QSXSVI JMRS E GLI RSR ZMIRI VEKKMYRXE YRE GIVXE XIQTIVEXYVE 1 MQTMERXS GSRWMWXI MR YR HMWTSWMXMZS HM VMWGEPHEQIRXS EHHM^MSREPI TSWXS WYPPI XYFE^MSRM HIP JPYMHS VIJVMKIVERXI HIP QSXSVI EPP MRXIVRS HIP KVYTTS VMWGEPHEXSVI .R UYIWXS HMWTSWMXMZS WSRS GSPPSGEXI XVI GERHIPIXXI WMQMPM E UYIPPI YXMPM^ÊXI TIV MP TVIVMWGEPHS HIPPE GEQIVE HM GSQFYWXMSRI .P JYR^MSREQIRXS HIPPI GERHIPIXXI GSRXVSPPEXS HEPPE GIRXVEPMRE HM GPMQEXM^Ê ^MSRI GLI RI TMPSXE YRE WSPE HYI STTYVI XVI JSVRIRHS GSW YR VMWGEPHEQIRXS TVSKVIWWMZS GSR YRE TSXIRÊ QEWWMQE HM < WIGSRHS YRE PSKMGE HM GSRXVSPPS GLI HMTIRHI HIPPE XIQTIVEXYVE VEKKMYRXE HEP JPYMHS VIJVMKIVERXI HIP QSXSVI GMVGE j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Î TVSXIXXE HE YR ETTSWMXS QE\MJYWI
()

*
8(-*2& *1*997.(4
7.8(&1)&947* &)).?.43&1*
8(-*2. *1*997.(.
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()

7.8(&1)&947* &)).?.43&1*
8(-*2. *1*997.(.
*
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1E GIRXVEPMRE HM GPMQEXM^Ê^MSRI 2 EPMQIRXEXE WSXXS GLMEZI .39& TMR HIP GSRRIXXSVI ) HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) . XIPIVYXXSVM / I / GSRXVSPPERS P MRWIVMQIRXS HIPPI VIWMWXIRÎ 4 1 EPMQIRXE^MSRI EP GSRXEXXS HIM XIPIVYXXSVM KMYRKI HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI WTIGMJMGS -*&9 GSPPSGEXS HMVIXXEQIRXI WYPPE FEXXIVME & GSRRIXXSVI ) QIRXVI PI FSFMRI WSRS IGGMXEXI HEPPE GIRXVEPMRE 2 GLI GSQERHE MP WSPS XIPIVYXXSVI / TIV MRWIVMVI PE GERHIPIXXE 4 & HEP TMR HIP GSRRIXXSVI ( MP WSPS XIPIVYXXSVI / TIV MRWIVMVI PI GERHIPIXXI 4 ' I ( HEP TMR HIP GSRRIXXSVI ( IRXVEQFM M XIPIVYXXSVM TIV XYXXI I XVI PE GERHIPIXXI 4
(42543*39.
(SHMGI GSQTSRIRXI & ' ( ) - / / 2 4 )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS ' 'EXXIVME 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 2EWWE KVYTTS GSRHM^MSREXSVI
,MYR^MSRI TPERGME GSRHM^MSREXSVIVMWGEP HEXSVI (SQQYXEXSVI HM EGGIRWMSRI 9IPIVYXXSVI VMWGEPHEXSVI EHHM^MSREPI 9IPIVYXXSVI VMWGEPHEXSVI EHHM^MSREPI (IRXVEPMRE GPMQEXM^Ê^MSRI 7IWMWXIRÊ VMWGEPHEXSVI EHHM^MSREPI & )
()

*
7.8(&1)&947* &)).?.43&1*
8(-*2. *1*997.(.
14(&1.??&?.43* (42543*39.
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/
'!#!@RQAFcFRQ8WRUB
8(-*2. *1*997.(.
(43).?.43&947*
*
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:R WMWXIQE EYXSQEXMGS KIWXMWGI PE GPMQEXM^Ê^MSRI HIPP EFMXEGSPS GMS PE XIQTI VEXYVE I PE ZIRXMPE^MSRI GSR VMGMVGSPS I SVMIRXEQIRXS HIM JPYWWM H EVME GSR KIWXMSRI HIPPE XIQTIVEXYVE WITEVEXE TIV MP PEXS HIWXVS I MP PEXS WMRMWXVS HIPP EFMXE GSPS :R ETTSWMXE GIRXVEPMRE IPIXXVSRMGE KIWXMWGI MP JYR^MSREQIRXS HIP WMWXIQE GSRXVSPPERHS XIQTIVEXYVE EVME EPPI FSGGLIXXI ZIPSGMX ZIRXMPEXSVI MRWIVMQIRXS HIP GSQTVIWWSVI GMVGYMXS HM VIJVMKIVE^MSRI HIPP EVME MRWIVMQIRXS HIP VMGMVGSPS HIPP EVME JYR^MSRI WFVMREQIRXS VETMHS 1E GIRXVEPMRE MQTSWXE M WYHHIXXM TEVEQIXVM MR QSHS HE SXXIRIVI P EHIKYEQIRXS HIPPE XIQTIVEXYVE HIPP EFMXEGSPS E UYIPPE VMGLMIWXE . GSQERHM HIP WMWXIQE WSRS GSPPSGEXM EPP IWXIVRS HIP GSRXIRMXSVI GLI GSRXMIRI PE GIRXVEPMRE 1E GIRXVEPMRE EGUYMWMWGI MRJSVQE^MSRM WYPPI XIQTIVEXYVI MRXIVRI IH IWXIVRI XVEQMXI ETTSWMXM WIRWSVM .R FEWI EM GEPGSPM IJJIXXYEXM MQTSWXE PE ZIPSGMX HM IRXVEXE HIPP EVME RIPP EFMXEGSPS XVEQMXI MP QSXSVI ZIRXMPEXSVI I PE XIQTIVEXYVE HIPPE WXIWWE XVEQMXI HYI EXXYEXSVM HM QMWGIPE^MSRI YRS TIV MP PEXS I HIWXVS HIPP EFMXEGSPS YRS TIV MP PEXS WMRMWXVS MQTSWXE MRSPXVI PE HMWXVMFY^MSRI HIM JPYWWM GSR EPXVM HYI EXXYEXSVM +1447;*39 I )*+7489 I P EXXYEXSVI TIV PE JYR^MSRI HM VMGMVGSPS HIPP EVME MRXIVRE EVME IWXIVRE 8I PI GSRHM^MSRM PS VMGLMIHSRS PE GIRXVEPMRE GSQERHE ERGLI P MRWIVMQIRXS HIP GMVGYMXS HM VEJJVIHHEQIRXS I HIYQMHMJMGE^MSRI HIPP EVME E^MSRERHS MP GSQTVIW WSVI GSRHM^MSREXSVI 0=B?G; ?F?NNLC=I " .38*7.2*394 (4257*8 847* 5IV QEKKMSVM HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 8(&941& * (42543*39. (43).?.43&947* &7.& 1I PMRII HM EPMQIRXE^MSRI HIPPE GIRXVEPMRE WSRS TVSXIXXI HE YR JYWMFMPI HIPPE TSWXS RIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 1I PMRII HM EPMQIRXE^MSRI HIPP IPIXXVSZIRXMPEXSVI WSRS TVSXIXXE HE YR ETTSWMXS QE\MJYWI .P WMWXIQE GSQYRUYI JYR^MSRERXI WSPS GSR GLMEZI WY 2&7
()

*
8(-*2& *1*997.(4
8(-*2. *1*997.(.
(43).?.43&947*
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()

8(-*2. *1*997.(.
(43).?.43&947*
*
*1;CCCCCCCC85*58
()

*
)*8(7.?.43* +:3?.43&1*
8(-*2. *1*997.(.
(43).?.43&947*
1E GIRXVEPMRE HM GPMQEXM^Ê^MSRI 2 EPMQIRXEXE WSXXS GLMEZI .39& EP TMR HIP GSRRIXXSVI ) HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) 1 EPMQIRXE^MSRI TIV P MPPYQMRE^MSRI HIM GSQERHM E PYGM HM TSWM^MSRI MRWIVMXI KMYRKI EP TMR HIP GSRRIXXSVI ) HEPPE PMRIE TVSZIRMIRXI HEP GSQQYXEXSVI - 89&? 0=B?G; ?F?NNLC=I " 1:(. 548.?.43* 9&7,& . TMR I HIP GSRRIXXSVI ) HM 2 WSRS E QEWWE &P TMR HIP GSRRIXXSVI ' HM 2 IRXVE MP WIKREPI XEGLMQIXVMGS TVSZIRMIRXI HEPPS WXVYQIRXS * QIRXVI HEP TMR HIP GSRRIXXSVI ' IRXVE MP WIKREPI HM KMVM IH EP TMR HIP GSRRIXXSVI ' MP ZEPSVI HIPPE XIQTIVEXYVE QSXSVI WIQTVI HE * .P WIRWSVI GLI VMPIZE PE XIQTIVEXYVE IWXIVRE WM XVSZE WYPPS WTIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS 5 MP WIRWSVI VMGIZI YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI ' HM 2 IH MRZME MP WIKREPI EP TMR HIP GSRRIXXSVI ' &PPE GIRXVEPMRE 2 WSRS GSPPIKEXM ERGLI M WIRWSVM 0 EVME XVEXXEXE MRJIVMSVI HIWXVS GSRRIXXSVI ' I WMRMWXVS GSRRIXXSVI & 0 EVME XVEXXEXE WYTIVMSVI HIWXVS GSRRIXXSVI ' I WMRMWXVS GSRRIXXSVI & I 0 ERXMFMVMRE XEPM WIRWSVM VMGIZSRS YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI ( IH MRZMERS WIKREPM VMWTIXXMZEQIRXI EM TMR I HIP GSRRIXXSVI ( HM 2 .P WIRWSVI H MVVEKKMEQIRXS WSPEVI 0 TSWM^MSREXS WYPPE TPERGME MR TVSWWMQMX HIP TEVEFVI^Ê MRJSVQE PE GIRXVEPMRE WYP GEPSVI TVSZIRMIRXI HEPP MVVEKKMEQIRXS EPMQIRXEXS E ; HEP TMR HIP GSRRIXXSVI ( HIPPE GIRXVEPMRE 2 I VIWXMXYMWGI HYI WIKREPM EP TMR TIV PE ^SRE WMRMWXVE EP TMR HIP GSRRIXXSVI ( TIV PE ^SRE HIWXVE .P WIRWSVI TVIWIRÊ KEW HM WGEVMGS &68 0 JSVRMWGI YR WIKREPI HM EFMPMXE ^MSRI EPPE TSVXIPPE HM VMGMVGSPS UYERHS P MRHMGI HM MRUYMREQIRXS HIPP EVME WYTIVE WSKPMI HM RSGMZMX TVIJMWWEXI EPMQIRXEXS EP TMR HEPPE PMRIE WSXXS GLMEZI .39 & GLI EPMQIRXE PE GIRXVEPMRE MP TMR E QEWWE IH M TMR MRZME MP WIKREPI EP TMR HIP GSRRIXXSVI ' HM 2 .P TMR HIP GSRRIXXSVI ' HM 2 VMGIZI YR WIKREPI HEPP MQTMERXS PEZEGVMWXEPPM 0=B?G; ?F?NNLC=I " 9*7,. 1&;& (7.89&114 MRWIVIRHS XEPI JYR^MSRI ZMIRI MRJEXXM EXXMZEXS MP VMGMVGSPS TIV MQTIHMVI P MRKVIWWS MR EFMXEGSPS HM SHSVM WKVEHIZSPM 1 MQTMERXS HM GSRHM^MSREQIRXS HSXEXS HM YR EXXYEXSVI TIV MP VMGMVGSPS 3 HYI TIV PE QMWGIPE^MSRI HIPP EVME 3 I 3 I PE HMWXVMFY^MSRI HIPPE WXIWWE 3 I 3 1 EXXYEXSVI MP VMGMVGSPS 3 GSQERHEXS HEPPE GIRXVEPMRE 2 HEM TMR I HIP GSRRIXXSVI ( ,PM EXXYEXSVM HM QMWGIPE^MSRI 3 I 3 WSRS GSQERHEXM HEPPE GIRXVEPMRE 2 HEM TMR I HIP GSRRIXXSVI ( VMWTIXXMZEQIRXI VMGIZSRS P EPMQIRXE^MSRI TIV MP GSRXVSPPS HIP TSXIR^MSQIXVS HEP TMR HIP GSRRIXXSVI & HM 2 YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI & HM 2 IH MRZMERS YR WIKREPI HM JIIH FEGO EM TMR I HIP GSRRIXXSVI ) HM 2 1 EXXYEXSVI MP VMGMVGSPS 3 GSQERHEXS HEPPE GIRXVEPMRE 2 HEM TMR I HIP GSRRIXXSVI (
,PM EXXYEXSVM HM HMWXVMFY^MSRI 3 I 3 WSRS GSQERHEXM HEPPE GIRXVEPMRE 2 HEM TMR I HIP GSRRIXXSVI ( VMWTIXXMZEQIRXI VMGIZSRS P EPMQIRXE^MSRI TIV MP GSRXVSPPS HIP TSXIR^MSQIXVS HEP TMR HIP GSRRIXXSVI & HM 2 YRE QEWWE HM VMJIVMQIRXS HEP TMR HIP GSRRIXXSVI & HM 2 IH MRZMERS YR WIKREPI HM JIIH FEGO EM TMR I HIP GSRRIXXSVI ) HM 2 :R VIKSPEXSVI IPIXXVSRMGS E^MSRE P IPIXXVSZIRXMPEXSVI 3 E HMZIVWI ZIPSGMX IWWS VMGIZI MR MRKVIWWS HEPPE GIRXVEPMRE XVI WIKREPM QEWWE HEP TMR GSRXVSPPS HEP TMR I HMEKRSWM HEP TMR HIP GSRRIXXSVI ( HM 2 .P VIKSPEXSVI EPMQIRXEXS WSXXS GLMEZI .39& HEPPE PMRIE GSRXVSPPEXE HEP XIPI VYXXSVI / I TVSXIXXE HEP QE\MJYWI &( HM ' 1E GIRXVEPMRE 2 HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI YXMPM^ ÊXS GSPPIKERHSWM EP GSRRIXXSVI 7 TMR EH IWWS EVVMZERS M WIKREPM HEP TMR HIP GSRRIXXSVI ' EXXVEZIVWS PE PMRIE HMEKRSWXMGE .P TMR HIP GSRRIXXSVI ' HM 2 GSQERHE P MRWIVMQIRXS HIP GSQTVIWWSVI 0=B?G; ?F?NNLC=I " .38*7.2*394 (4257*8847*
(42543*39.
(SHMGI GSQTSRIRXI ' ' ' ( ( ( ( ) ) ) ) * - - )IRSQMRE^MSRI 7MJIVMQIRXS EP GSQTPIW WMZS & (IRXVEPMRE HM HIVMZE^MSRI 8GEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 8GEXSPE QE\MJYWI WY FEXXIVME 2EWWE ERXIVMSVI WMRMWXVE 2EWWE TPERGME PEXS KYMHE 2EWWE KVYTTS GSRHM^MSREXSVI 2EWWE TPERGME PEXS TEWWIKKIVS ,MYR^MSRI ERXTPERGME ,MYR^MSRI TPERGMETSWXIVMSVI
,MYR^MSRI TPERGME GSRHM^MSREXSVIVMWGEP HEXSVI ,MYR^MSRI TSWXIVMSVITSVXE ERX HIWXVE 6YEHVS WXVYQIRXM (SQQYXEXSVI HM EGGIRWMSRI )IZMSKYMHE ' & &
()

/
(SHMGI GSQTSRIRXI / 0 0 0 0 0 2 3 3 3 3 3 3 5 7 )IRSQMRE^MSRI 9IPIVYXXSVI IPIXXVSZIRXMPEXSVI EVME EFMXEGSPS 8IRWSVI TVIWIRÊ KEW HM WGEVMGS 8IRWSVI ERXMFVMRE 8IRWSVI EVME XVEXXEXE MRJIVMSVI 8IRWSVI EVME XVEXXEXE WYTIVMSVI 8IRWSVI WSPEVI (IRXVEPMRE GPMQEXM^Ê^MSRI &XXYEXSVI WTSVXIPPS QMWGIPE^MSRI EVME WMRM WXVS &XXYEXSVI WTSVXIPPS HMWXVMFY^MSRI EVME FMPIZIP &XXYEXSVI TVIWE EVME &XXYEXSVI WTSVXIPPS HMWXVMFY^MSRI EVME HIJVSWX *PIXXVSZIRXMPEXSVI EVME EFMXEGSPS 8TIGGLMS VIXVSZMWSVI IWXIVRS HIWXVS ,MYRXS HM HMEKRSWM QYPXMTPS
8(-*2. *1*997.(.
(43).?.43&947*
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7MJIVMQIRXS EP GSQTPIW WMZS ) ' ) ) ) ) )
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()

*
8(-*2. *1*997.(.
(43).?.43&947*
14(&1.??&?.43* (42543*39.
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0
'!#"FQVBUFPBQWR@RPSUBVVRUB
.38*7.2*394 (4257*8847* .RHMGI HIPPE JYR^MSRI
8(-*2. *1*997.(.
*
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6YERHS PI GSRHM^MSRM PS VMGLMIHSRS PE GIRXVEPMRE HM GPMQEXM^Ê^MSRI GSQERHE P MRWIVMQIRXS HIP GMVGYMXS HM VEJJVIHHEQIRXS I HIYQMHMJMGE^MSRI HIPP EVME E^MS RERHS MP GSQTVIWWSVI GSRHM^MSREXSVI .P XEWXS HM WMRMWXVE HIP TERRIPPS HM GSQERHS HIPPE GPMQEXM^Ê^MSRI EFMPMXE MP JYR^MS REQIRXS HIP GMVGYMXS HM VIJVMKIVE^MSRI HIPP EVME E XEWXS TVIQYXS WM EGGIRHI MP VIPEXMZS PIH .P XEWXS WYHHIXXS EFMPMXE MP JYR^MSREQIRXS HIP GMVGYMXS HM VIJVMKIVE^MSRI HIPP EVME QE P IJJIXXMZS MRWIVMQIRXS HIP GSQTVIWWSVI ZMIRI IWGPYWS TIV FEWWI XIQTIVEXYVI IWXIVRI 5IV QEKKMSV HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 8(&941& * (42543*39. (43).?.43&947* &7.& .P GSQTVIWWSVI TY IWWIVI HMWMRWIVMXS ERGLI HEPP MRXIVZIRXS HIP TVIWWSWXEXS E PMZIPPM STTYVI HIPPE GIRXVEPMRE HM GSRXVSPPS HIP QSXSVI E WIGSRHE HIPPE PSKMGE HM KIWXMSRI HIP QSXSVI GLI HMTIRHI HEPPI ZEVMI QSXSVM^Ê^MSRM ZIHIVI )*8(7. ?.43* * +:3?.43&2*394 .P GMVGYMXS HM EPMQIRXE^MSRI HIP GSQTVIWWSVI GSQERHEXS HE YRS WTIGMJMGS XIPI VYXXSVI GSPPSGEXS RIP ZERS QSXSVI PEXS KYMHE WSXXS MP TEVEFVI^Ê 1E PMRIE HIP GSRXEXXS HIP XIPIVYXXSVI TVSXIXXE HE YRS WTIGMJMGS JYWMFMPI HIPPE GIRXVEPMRE HM HIVMZE^MSRI 1E PMRIE WSXXS GLMEZI HM IGGMXE^MSRI TVSXIXXE HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI
()

*
8(-*2& *1*997.(4
.38*7.2*394 (4257*8847*
8(-*2. *1*997.(.
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()

.38*7.2*394 (4257*8847*
(SHMGI GSQTSRIRXI 2 2 )IRSQMRE^MSRI
8(-*2. *1*997.(.
*
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(IRXVEPMRE GSRXVSPPS QSXSVI (IRXVEPMRE GPMQEXM^Ê^MSRI
(42543*39.
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*
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8(-*2. *1*997.(.
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6YERHS PI GSRHM^MSRM PS VMGLMIHSRS PE GIRXVEPMRE HM GPMQEXM^Ê^MSRI GSQERHE P MRWIVMQIRXS HIP GMVGYMXS HM VEJJVIHHEQIRXS I HIYQMHMJMGE^MSRI HIPP EVME E^MS RERHS MP GSQTVIWWSVI GSRHM^MSREXSVI .P XEWXS HM WMRMWXVE HIP TERRIPPS HM GSQERHS HIPPE GPMQEXM^Ê^MSRI EFMPMXE MP JYR^MS REQIRXS HIP GMVGYMXS HM VIJVMKIVE^MSRI HIPP EVME E XEWXS TVIQYXS WM EGGIRHI MP VIPEXMZS PIH .P XEWXS WYHHIXXS EFMPMXE MP JYR^MSREQIRXS HIP GMVGYMXS HM VIJVMKIVE^MSRI HIPP EVME QE P IJJIXXMZS MRWIVMQIRXS HIP GSQTVIWWSVI ZMIRI IWGPYWS TIV FEWWI XIQTIVEXYVI IWXIVRI 5IV QEKKMSV HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? 8(&941& * (42543*39. (43).?.43&947* &7.& .P GSQTVIWWSVI TY IWWIVI HMWMRWIVMXS ERGLI HEPP MRXIVZIRXS HIP TVIWWSWXEXS E PMZIPPM STTYVI HIPPE GIRXVEPMRE HM GSRXVSPPS HIP QSXSVI E WIGSRHE HIPPE PSKMGE HM KIWXMSRI HIP QSXSVI GLI HMTIRHI HEPPI ZEVMI QSXSVM^Ê^MSRM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? &1.2*39&?.43* .3.*?.43* '*3?.3& .P GMVGYMXS HM EPMQIRXE^MSRI HIP GSQTVIWWSVI GSQERHEXS HE YRS WTIGMJMGS XIPI VYXXSVI GSPPSGEXS RIP ZERS QSXSVI PEXS KYMHE WSXXS MP TEVEFVI^Ê 1E PMRIE HIP GSRXEXXS HIP XIPIVYXXSVI TVSXIXXE HE YRS WTIGMJMGS JYWMFMPI HIPPE GIRXVEPMRE HM HIVMZE^MSRI 1E PMRIE WSXXS GLMEZI HM IGGMXE^MSRI TVSXIXXE HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI
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()

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8MWXIQM IPIXXVSRMGM ZIXXYVE
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1E GIRXVEPMRE (4)* 2 EPMQIRXEXE EP TMR HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI *+. HM ' EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' 1 EPMQIRXE ^MSRI WSXXS GLMEZI KMYRKI EP TMR HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) .P TMR E QEWWE 1E PMRIE GLI IWGI HEP TMR PE PMRIE WIVMEPI HM GSPPIKEQIRXS GSR PE GIRXVEPMRE HM GSRXVSPPS QSXSVI 2 EXXVEZIVWS PE UYEPI EZZMIRI MP GSPPSUYMS HM VMGSRSWGM QIRXS HIPPE GLMEZI I PS WGEQFMS HIM GSHMGM 1E GIRXVEPMRE HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI YXMPM^ÊXS GSPPIKERHSWM EP GSRRIXXSVI 7 TMR EH IWWS EVVMZERS M WIKREPM HEP TMR HEPPE GIRXVEPMRE 2 EXXVEZIVWS P ETTSWMXE PMRIE HMEKRSWXMGE .P WMWXIQE HM EYXSHMEKRSWM KIRIVE ERGLI MP WIKREPI TIV PE WTME EZEVME (4)* GSPPSGEXE RIPPS WXVYQIRXS * GLI IWGI HEP TMR HIPPE GIRXVEPMRE 2 9EPI WIKREPM HM QEWWE I JE EGGIRHIVI PE WTME EZEVME (4)* MR UYERXS PS WXVY QIRXS * ZMIRI EPMQIRXEXS WSXXS GLMEZI .39 HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' :R WIGSRHS GSRRIXXSVI HIPPE GIRXVEPMRE WM GSPPIKE XVEQMXI HYI GEZM EPP ERXIRRE TSWXE GSEWWMEPQIRXI WYP GSQQYXEXSVI HM EGGIRWMSRI MR QSHS HE WIRXMVI P MRWI VMQIRXS I PE VSXE^MSRI HIPPE GLMEZI
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(42543*39.
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&RGLI MP VMGIZMXSVI HSXEXS HM YRE TVSTVME JYR^MSRI HM EYXSHMEKRSWM GLI VMPIZE I QIQSVM^Ê KYEWXM I ERSQEPMI HIP VMGIZMXSVI WXIWWS HIM GSQTSRIRXM EH IWWS GSPPIKEXM I ZIVMJMGE P MRXIKVMX HIM GEZM HM GSPPIKEQIRXS 1E GLMEZI HM IQIVKIRÊ TIV PE HMWEXXMZE^MSRI HIP WMWXIQE RSR TVIZMWXE MR EPGYRM 2IVGEXM GSPPSGEXE WYP PEXS WMRMWXVS HIPPE TPERGME EGGERXS EPPE GIRXVEPMRE HM HIVMZE^MSRI *WWE GSRWIRXI HM IWGPYHIVI MP WMWXIQE TIV IWIQTMS MR GEWS HM MRXIV ZIRXM HM VMTEVE^MSRI 5IV MP GSRXVSPPS HIPPI TSVXI I HIP FEYPI ZIRKSRS YXMPM^ÊXM KPM WXIWWM MRXIVVYXXSVM HIP WMWXIQE FPSGGETSVXI :R MRXIVVYXXSVI ETTSWMXS MRZIGI TSWXS WYPPE WIVVEXYVE HIP GSJERS QSXSVI 6YEXXVS WIRWSVM ZSPYQIXVMGM GSRXVSPPERS GLI RSR ZM WMERS MRXVYWMSRM MR ZIXXYVE 8SRS GSPPSGEXM EGGERXS EPPE TPEJSRMIVE GIRXVEPI MR YR YRMGS HMWTSWMXMZS MRXIKVEXS GLI GSQTVIRHI ERGLI MP VMGIZMXSVI .P PIH HM HIXIVVIRÊ WIKREPE PS WXEXS HIP WMWXIQE MRWIVMXS HMWMRWIVMXS IGG IH ERGLI IZIRXYEPM ERSQEPMI TSWXS WYPPE TPERGME WYP VMZIWXMQIRXS HIP TMERXSRI HMIXVS MP ZSPERXI :R ETTSWMXS WIRWSVI ERXMRGPMRE^MSRI JMWWEXS EPP MRXIVRS HIPP EFMXEGSPS EH YR TYRXS VMKMHS HIPPE WGSGGE VMPIZE ERGLI PE QMRMQE ZEVME^MSRI HIPP ERKSPS HM EWWIXXS HIPPE ZIXXYVE WME VMWTIXXS EPP EWWI PSRKMXYHMREPI GLI VMWTIXXS E UYIPPS ZIVXMGEPI 1E GIRXVEPMRE HIP WMWXIQE HM EPPEVQI IH MP VMGIZMXSVI HIP XIPIGSQERHS LERRS PI PMRII HM EPMQIRXE^MSRI HMVIXXE I WSXXS GLMEZI TVSXIXXI HE HYI JYWMFMPM YRS HIPPE GIRXVEPMRE HM HIVMZE^MSRI YRS HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI
5IV QEKKMSV HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? " ).8548.9.;4 &39.+:794
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1E ZIXXYVE HSXEXE HM YR WMWXIQE HM WMGYVI^Ê E GSRXVSPPS IPIXXVSRMGS GLI RIP GEWS HM YVXS JVSRXEPI HM YRE GIVXE WIZIVMX E^MSRE M TVIXIRWMSREXSVM HIPPI GMRXYVI HM WMGYVI^Ê ERXIVMSVM I KPM &MV 'EK HM TVSXI^MSRI PEXS KYMHE I PEXS TEWWIKKIVS :RE GIRXVEPMRE IPIXXVSRMGE KIWXMWGI P MRXIVS WMWXIQE GSRXVSPPERHSRI XYXXM M GSQTSRIRXM I EXXMZERHS UYERHS RIGIWWEVMS M WMWXIQM HM VMXIRYXE TVIXIRWMSREXSVM I &MV 'EK 1E GIRXVEPMRE YFMGEXE WSXXS MP QSFMPIXXS GIRXVEPI HIPPE ZIXXYVE IH JMWWEXE VMKM HEQIRXI EPPE WGSGGE MR XEP QSHS M WIRWSVM HM HIGIPIVE^MSRI GSPPSGEXM EPP MRXIVRS HIPPE WXIWWE WSRS MR TVSWWMQMX HIP FEVMGIRXVS I VMPIZERS GSR TVIGMWMSRI PI HIGI PIVE^MSRM HIPP MRXIVE ZIXXYVE .P QSHYPS &MV 'EK PEXS KYMHE GSPPSGEXS EP GIRXVS HIP ZSPERXI QSRXEXS WY YRE TMEWXVE FEWGYPERXI GLI GSRWIRXI GSW MP GSQERHS HIKPM EZZMWEXSVM EGYWXMGM 1E TMEWXVE EPPSKKME YR GSRXIRMXSVI QIXEPPMGS GSRXIRIRXI MP GYWGMRS VMTMIKEXS IH MP HMWTSWMXMZS KIRIVEXSVI HM KEW GLI KSRJME MP GYWGMRS :R HMWTSWMXMZS E GSRXEXXS WTMVEPEXS GSRWIRXI EM GEZM HM GSPPIKEQIRXS HIP QSHYPS &MV 'EK HM WIKYMVI PE VSXE^MSRI HIP ZSPERXI WIRÊ TIVMGSPS HM VSXXYVI .P QSHYPS &MV 'EK PEXS TEWWIKKIVS GSPPSGEXS WYPPE TPERGME WSTVE MP GEWWIXXS TSVXESKKIXXM IH JMWWEXS HMVIXXEQIRXI WYPPE XVEZIVWE HIPPE ZIXXYVE XVEQMXI YR ETTSWMXE WXEJJE 1 &MV 'EK PEXS TEWWIKKIVS TY IWWIVI HMWEXXMZEXS MR QSHS QERYEPI XVEQMXI YR ETTSWMXS MRXIVVYXXSVI E^MSREFMPI XVEQMXI PE GLMEZI HIPPE ZIXXYVE WM XVSZE EPP IWXVI QMX HIPPE TPERGME PEXS TEWWIKKIVS IH EGGIWWMFMPI WSPS E TSVXE ETIVXE (SR GLMEZI WY 4++ PE GIRXVEPMRE GSQERHE ERGLI P EGGIRWMSRI HIPP ETTSWMXE WTME HMWEFMPMXE^MSRI &MV 'EK PEXS TEWWIKKIVS .P TVIXIRWMSREXSVI YR HMWTSWMXMZS MRXIKVEXS RIPP EVVSXSPEXSVI HIPPI GMRXYVI HM WMGYVI^Ê ERXIVMSVM 1E GIRXVEPMRE HSXEXE HM EYXSHMEKRSWM VMPIZE I QIQSVM^Ê IZIRXYEPM ERSQEPMI VMGSRSWGI M ZEVM GSQTSRIRXM IH MP XMTS HM KYEWXS MRXIVZIRYXS WIKREPE P MRWSVKIVI HM XEPM ERSQEPMI TIV QI^^S HIPP ETTSWMXE WTME &RGLI PI EXXMZE^MSRM HIP WMWXIQE E WIKYMXS HM YR YVXS HM TEVXMGSPEVI WIZIVMX WSRS QIQSVM^ÊXI HEPPE GIRXVEPMRE 5IV QEKKMSV HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? .25.&394 &.7 '&, ()
1I PMRII HM EPMQIRXE^MSRI HIPPE GIRXVEPMRE HIP WMWXIQE TVSXIXXE HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI 3SXE WSRS TVIZMWXI HYI GSRJMKYVE^MSRM HIP WMWXIQE PE GSRJMKYVE^MSRI FEWI JSVRMXE HM WIVMI TVIZIHI P &MV 'EK PEXS KYMHE IH M HYI TVIXIRWMSREXSVM PE GSRJMKYVE^MSRI GSQTPIXE ST^MSREPI TVIZIHI ERGLI P &MV 'EK TEWWIKKIVS GSR VIPEXMZS HMWTSWMXMZS HM HMWEFMPMXE^MSRI UYERHS WM IWIKYSRS STIVE^MSRM WYP WMWXIQE &MV 'EK SGGSVVI SWWIVZEVI WGVYTSPSWEQIRXI PI RSVQI HM WMGYVI^Ê TVIWGVMXXI 5IV QEKKMSVM HIXXEKPM 3?>?L? =IGJF?MMCPI .25.&394 &.7 '&,
*
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Ê HM GSPPIKEQIRXS S GG ZIVWS QEWWE HIP GMVGYMXS GLI GSPPIKE PS WXVYQIRXS GSR PE GIRXVEPMRE 1E PIXXYVE HIM HEXM HIPP EYXSHMEKRSWM GLI TY IWWIVI VIEPM^ÊXE GSPPIKERHSWM EP GSRRIXXSVI 7 TMR EH IWWS EVVMZERS M WIKREPM HEP TMR HEPPE GIRXVEPMRE 2 EXXVEZIVWS P ETTSWMXE PMRIE HMEKRSWXMGE MP GEFPEKKMS TVIHMWTSWXS TIV YR IZIRXYEPI WIRWSVI HM TVIWIRÊ WYP WIHMPI ERXIVMSVI PEXS TEWWIKKIVS RSR TVIZMWXS TIV MP QSHIPPS MR SKKIXXS 5IVXERXS XEPI WIRWSVI WSWXMXYMXS GSR YRE STTSVXYRE VIWMWXIRÊ HM WMQYPE^MSRI 4 GLI RSR HIZI IWWIVI MR RIWWYR GEWS WGSPPIKEXE
(SHMGI GSQTSRIRXI ' ' ( ( ( ) ) ) ) * - - 0 0 0 2 4 6 6 6 6 6
,MYR^MSRI &MV 'EK PEXIVEPI PEXS TEWWIKKIVS
(42543*39.
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5VIXIRWMSREXSVI GMRXYVE ERXIVMSVI PEXS KYMHE &
*
(SHMGI GSQTSRIRXI 6 6 7 )IRSQMRE^MSRI &MV 'EK PEXIVEPI PEXS KYMHE &MV 'EK PEXIVEPI PEXS TEWWIKKIVS ,MYRXS HM HMEKRSWM QYPXMTPS
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1E ZIXXYVE HSXEXE HM YR WMWXIQE HM WMGYVI^Ê E GSRXVSPPS IPIXXVSRMGS GLI RIP GEWS HM YVXS JVSRXEPI HM YRE GIVXE WIZIVMX E^MSRE M TVIXIRWMSREXSVM HIPPI GMRXYVI HM WMGYVI^Ê ERXIVMSVM I KPM &MV 'EK HM TVSXI^MSRI PEXS KYMHE I PEXS TEWWIKKIVS 3IP GEWS HM YVXS PEXIVEPI HM YRE GIVXE WIZIVMX ZMIRI MRZIGI E^MSREXS P &MV 'EK PEXIVEPI GSVVMWTSRHIRXI WSPS WYP PEXS MR GYM WM ZIVMJMGEXS P YVXS :RE GIRXVEPMRE IPIXXVSRMGE KIWXMWGI P MRXIVS WMWXIQE GSRXVSPPERHSRI XYXXM M GSQTSRIRXM I EXXMZERHS UYERHS RIGIWWEVMS M WMWXIQM HM VMXIRYXE TVIXIRWMSREXSVM I &MV 'EK 1E GIRXVEPMRE YFMGEXE WSXXS MP QSFMPIXXS GIRXVEPI HIPPE ZIXXYVE IH JMWWEXE VMKM HEQIRXI EPPE WGSGGE MR XEP QSHS M WIRWSVM HM HIGIPIVE^MSRI GSPPSGEXM EPP MRXIVRS HIPPE WXIWWE WSRS MR TVSWWMQMX HIP FEVMGIRXVS I VMPIZERS GSR TVIGMWMSRI PI HIGI PIVE^MSRM HIPP MRXIVE ZIXXYVE 8YP QSRXERXI HIPPI HYI TSVXI ERXIVMSVM TVIWIRXI YR WIRWSVI EGGIPIVSQIXVMGS GLI RIP GEWS HM YVXM PEXIVEPM XVEWQIXXI YR WIKREPI EPPE GIRXVEPMRE &RGLI XEPI WIKREPI ZMIRI STTSVXYREQIRXI IPEFSVEXS EPP MRXIVRS HIPPE GIRXVEPMRE GLI HIGMHI HM GSRWIKYIRÊ P E^MSREQIRXS HIPP &MV 'EK PEXIVEPI HIP PEXS MR GYM WXEXS VMPIZEXS P YVXS .P QSHYPS &MV 'EK PEXS KYMHE GSPPSGEXS EP GIRXVS HIP ZSPERXI QSRXEXS WY YRE TMEWXVE FEWGYPERXI GLI GSRWIRXI GSW MP GSQERHS HIKPM EZZMWEXSVM EGYWXMGM 1E TMEWXVE EPPSKKME YR GSRXIRMXSVI QIXEPPMGS GSRXIRIRXI MP GYWGMRS VMTMIKEXS IH MP HMWTSWMXMZS KIRIVEXSVI HM KEW GLI KSRJME MP GYWGMRS :R HMWTSWMXMZS E GSRXEXXS WTMVEPEXS GSRWIRXI EM GEZM HM GSPPIKEQIRXS HIP QSHYPS &MV 'EK HM WIKYMVI PE VSXE^MSRI HIP ZSPERXI WIRÊ TIVMGSPS HM VSXXYVI .P QSHYPS &MV 'EK PEXS TEWWIKKIVS GSPPSGEXS WYPPE TPERGME WSTVE MP GEWWIXXS TSVXESKKIXXM IH JMWWEXS HMVIXXEQIRXI WYPPE XVEZIVWE HIPPE ZIXXYVE XVEQMXI YR ETTSWMXE WXEJJE 1 &MV 'EK PEXS TEWWIKKIVS TY IWWIVI HMWEXXMZEXS MR QSHS QERYEPI XVEQMXI YR ETTSWMXS MRXIVVYXXSVI E^MSREFMPI XVEQMXI PE GLMEZI HIPPE ZIXXYVE WM XVSZE EPP IWXVI QMX HIPPE TPERGME PEXS TEWWIKKIVS IH EGGIWWMFMPI WSPS E TSVXE ETIVXE (SR GLMEZI WY 4++ PE GIRXVEPMRE GSQERHE ERGLI P EGGIRWMSRI HIPP ETTSWMXE WTME HMWEFMPMXE^MSRI &MV 'EK PEXS TEWWIKKIVS ()
1 &MV 'EK PEXIVEPI EPPSKKMEXS RIPPE TEVXI IWXIVRE HIP WIHMPI ERXIVMSVI .P WIRWSVI VIPEXMZS GSPPSGEXS WYP QSRXERXI GIRXVEPI .P TVIXIRWMSREXSVI YR HMWTSWMXMZS MRXIKVEXS RIPP EVVSXSPEXSVI HIPPI GMRXYVI HM WMGYVI^Ê ERXIVMSVM 1E GIRXVEPMRE HSXEXE HM EYXSHMEKRSWM VMPIZE I QIQSVM^Ê IZIRXYEPM ERSQEPMI VMGSRSWGI M ZEVM GSQTSRIRXM IH MP XMTS HM KYEWXS MRXIVZIRYXS WIKREPE P MRWSVKIVI HM XEPM ERSQEPMI TIV QI^^S HIPP ETTSWMXE WTME &RGLI PI EXXMZE^MSRM HIP WMWXIQE E WIKYMXS HM YR YVXS HM TEVXMGSPEVI WIZIVMX WSRS QIQSVM^ÊXI HEPPE GIRXVEPMRE 5IV QEKKMSV HIXXEKPM B;L;=N?LCMNC= I@ QILECHA JLCH=CJF? .25.&394 &.7 '&, 1I PMRII HM EPMQIRXE^MSRI HIPPE GIRXVEPMRE HIP WMWXIQE TVSXIXXE HE YR JYWMFMPI HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI UYERHS WM IWIKYSRS STIVE^MSRM WYP WMWXIQE &MV 'EK SGGSVVI SWWIVZEVI WGVYTSPSWEQIRXI PI RSVQI HM WMGYVI^Ê TVIWGVMXXI 5IV QEKKMSVM HIXXEKPM 3?>?L? =IGJF?MMCPI .25.&394 &.7 '&,
*
8(-*2& *1*997.(4
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MP GEFPEKKMS TVIHMWTSWXS TIV YR IZIRXYEPI WIRWSVI HM TVIWIRÊ WYP WIHMPI ERXIVMSVI PEXS TEWWIKKIVS RSR TVIZMWXS TIV MP QSHIPPS MR SKKIXXS
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Ê HM GSPPIKEQIRXS S GG ZIVWS QEWWE HIP GMVGYMXS GLI GSPPIKE PS WXVYQIRXS GSR PE GIRXVEPMRE 1E PIXXYVE HIM HEXM HIPP EYXSHMEKRSWM GLI TY IWWIVI VIEPM^ÊXE GSPPIKERHSWM EP GSRRIXXSVI 7 TMR EH IWWS EVVMZERS M WIKREPM HEP TMR HEPPE GIRXVEPMRE 2 EXXVEZIVWS P ETTSWMXE PMRIE HMEKRSWXMGE
(42543*39.
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Ê HM WMQYPE^MSRI TIV &MV 'EK &MV 'EK PEXS GSRHYGIRXI
,MYR^MSRI &MV 'EK PEXIVEPI PEXS TEWWIKKIVS
()

*
(SHMGI GSQTSRIRXI 6 6 6 6 6 6 7 )IRSQMRE^MSRI (EZS WTMVEPEXS WY ZSPERXI &MV 'EK WY TPERGME PEXS TEWWIKKIVS 5VIXIRWMSREXSVI GMRXYVE ERXIVMSVI PEXS TEWWIKKIVS &MV 'EK PEXIVEPI PEXS KYMHE &MV 'EK PEXIVEPI PEXS TEWWIKKIVS ,MYRXS HM HMEKRSWM QYPXMTPS
8(-*2. *1*997.(.
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A
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*
8(-*2& *1*997.(4
(&2'.4 &:942&9.(4
8(-*2. *1*997.(.
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(&2'.4 &:942&9.(4
8(-*2. *1*997.(.
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.P KVYTTS GSQERHM QEVGI - EPMQIRXEXS WSXXS GLMEZI EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI ' I WM GSPPIKE GSR PE GIRXVEPMRE 2 TIV WIKREPEVI PE VMGLMIWXE HM MRWIVMQIRXS QEVGI XEPM WIKREPM WSRS MRZMEXM EM TMR I HIP GSRRIXXSVI ' HM 2 MP TMR HIP GSRRIXXSVI & HM 2 VMGIZI MP WIKREPI HM 5 MRWIVMXE .P WIPIXXSVI - GSRWIRXI PE WGIPXE XVE ZEVMI QSHEPMX HM JYR^MSREQIRXS EPMQIRXEXS WSXXS GLMEZI .39& EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI + HEPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) WM GSPPIKE GSR PE GIRXVE PMRE 2 EP TMR HIP GSRRIXXSVI ' JYR^MSRI 85479(.9> I TMR HIP GSRRIXXSVI ' JYR^MSRI .(* 1E GIRXVEPMRE 2 KIWXMWGI YRE WIVMI HM GSRXVSPPM HM WMGYVI^Ê WLMJX PSGO FPSGGS PIZE WI PE GLMEZI RSR WY 2&7 IH MP JVIRS TVIQYXS MRZME YR WIKREPI HEP TMR HIP GSRRIXXSVI & EP KVYTTS GSQERHM QEVGI - OI] PSGO FPSGGS GLMEZI WI MP WIPIXXSVI QEVGI RSR MR 5 MRZME YR WIKREPI HEP TMR HIP GSRRIXXSVI & GLI GSQERHE P IPIXXVSQEKRIXI HM FPSGGS 1 MRGSVTSVEXS RIP GSQQYXEXSVI HM EGGIRWMSRI FY^ÎV TSVXI ETIVXI MP WIKREPI HM ETIVXYVE HIPPE TSVXE ERXIVMSVI KYMHEXSVI WIVVEXYVE 3 KMYRKI EP TMR HIP GSRRIXXSVI & HM 2 HEP TMR HIP GSRRIXXSVI & TEVXI MP GSQERHS TIV MP FY^ÎV * GSPPSGEXS EGERXS EPPE GIRXVEPMRE WXIWWE MP WIKREPI MR VIEPX ZMIRI MRZMEXS EP UYEHVS WXVYQIRXM TMR HIP GSRRIXXSVI & TIV QI^^S HIPPE PMRIE WIVMEPI GLI GSPPIKE WXVYQIRXS I GIRXVEPMRE MR SKKIXXS PE WXIWWE PMRIE MRZME ERGLI WIKREPM TIV MP HMWTPE] QEVGI I TIV PE WTME EZEVME GEQFMS EYXSQEXMGS .P FY^ÎV EPMQIRXEXS HEPPE FEXXIVME HEPPE PMRIE HIP QE\MJYWI /' HM ' I HIP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' IGGIWWMZE XIQTIVEXYVE SPMS MR GEWS HM IGGIWWMZE XIQTIVEXYVE HIPP SPMS RIP GEQFMS VMPIZEXE HEP WIRWSVI RIP KVYTTS 1 WSTVE HIWGVMXXS HEP TMR HIP GSRRIXXSVI & HM 2 TEVXI MP GSQERHS TIV P ETTSWMXS XIPIVYXXSVI / MP XIPI VYXXSVI EPMQIRXEXS WSXXS GLMEZI EXXVEZIVWS PE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE WGEXSPE TSVXEJYWMFMPM WYTTPIQIRXEVI ' GSRRIXXSVI ) I GSQERHE P ETTSWMXE IPIXXVSZIRXSPE 3 EXXVEZIVWS PE PMRIE HMVIXXE HEPPE FEXXIVME TVSXIXXE HEP QE\MJYWI 4.1 HM ' 1E GIRXVEPMRE 2 HSXEXE HM YR WMWXIQE HM EYXSHMEKRSWM GLI TY IWWIVI YXMPM^ ÊXS GSPPIKERHSWM EP GSRRIXXSVI 7 EH IWWS EVVMZERS M WIKREPM HEP TMR HIP GSRRIXXSVI & HM 2 1E GIRXVEPMRE 2 GSPPIKEXE GSR PE GIRXVEPMRE HM KIWXMSRI QSXSVI 2 XEPI GSPPIKEQIRXS IJJIXXYEXS XVEQMXI PE PMRIE (&3 HEM TMR I HIP GSRRIXXSVI ' HM 2 I WM GSPPIKE EM TMR I HIP GSRRIXXSVI & HM 2
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7MJIVMQIRXS EP GSQTPIW WMZS 3 ' , * * * & ' ( )
1E TVIWE HM HMEKRSWM 7 EPMQIRXEXE HMVIXXEQIRXI HEPPE FEXXIVME EP TMR HEPPE PMRIE TVSXIXXE HEP JYWMFMPI + HIPPE GIRXVEPMRE HM HIVMZE^MSRI ' . TMR I WSRS E QEWWE .P TMR WM GSPPIKE EPPE GIRXVEPMRE &'8 2 TMR 0=B?G; ?F?NNLC=I " &'8 .P TMR WM GSPPIKE EPPE GIRXVEPMRE &MV 'EK 2 TMR 0=B?G; ?F?NNLC=I " &.7'&, .P TMR WM GSPPIKE EPPE GIRXVEPMRE HM GPMQEXM^Ê^MSRI 2 TMR HIP GSRRIXXSVI ' 0=B?G; ?F?NNLC=I " (43).?.43&947* I GSRXIQTSVERIEQIRXI EP HMWTSWMXMZS .(8 GSR REZMKEXSVI I XIPIJSRS MRXIKVEXS * TMR HIP GSRRIXXSVI ' 0=B?G; ?F?NNLC=I " 3&;.,&947* .P TMR WM GSPPIKE EPPE GIRXVEPMRE EPPEVQI 2 TMR HIP GSRRIXXSVI & IH EP VMGIZMXSVI XIPIGSQERHS 2 TMR 0=B?G; ?F?NNLC=I " &11&72* I 0=B?G; ?F?NNLC=I " '14((&5479* .P TMR WM GSPPIKE EPPE GIRXVEPMRE (SHI 2 TMR 0=B?G; ?F?NNLC=I " (4)* .P TMR WM GSPPIKE EPPE GIRXVEPMRE HM KIWXMSRI QSXSVI 2 EXXVEZIVWS YRE PMRIE HIHMGEXE 0=B?G; ?F?NNLC=I " ,*89.43* *1*99743.(& 24947. '*3?.3& STTYVI 0=B?G; ?F?NNLC=I " ,*89.43* *1*99743.(& 24947. ).*8*1
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&PMQIRXE^MSRI I QEWWI

&PMQIRXE^MSRI I QEWWI .RHMGI HIPPI JYR^MSRM

(SHMGI GSQTSRIRXI ( - 2

(SHMGI GSQTSRIRXI ' ( ( ( - 2

7MJIVMQIRXS EP GSQTPIW WMZS   '  & &

GEFPEKKMS ERXIVMSVI (

GEFPEKKMS QSXSVI (

GEFPEKKMS QSXSVI (

GEFPEKKMS QSXSVI ( ( GEFPEKKMS TPERGME ( ( ( (

GEFPEKKMS 8MHI 'EK (

.PPYQMRE^MSRI IWXIVRE .RHMGI HIPPI JYR^MSRM

1:(. 548.?.43*  9&7,& .RHMGI HIPPE JYR^MSRI

 )*8(7.?.43*  8(-*2& *1*997.(4  )*8(7.?.43* +:3?.43&1*

 (42543*39.  14(&1.??&?.43* (42543*39.

1:(. 548.?.43*  9&7,&

1:(. 548.?.43*  9&7,&

1:(. 548.?.43*  9&7,&

1:(. 548.?.43*  9&7,& .RHMGI HIPPE JYR^MSRI  (42543*39.  14(&1.??&?.43* (42543*39.

1:(. 548.?.43*  9&7,&

1:(. 548.?.43*  9&7,&

1:(. 548.?.43*  9&7,&

1:(. &3&''&,1.&39. .RHMGI HIPPE JYR^MSRI

 )*8(7.?.43*  8(-*2& *1*997.(4  )*8(7.?.43* +:3?.43&1*

 (42543*39.  14(&1.??&?.43* (42543*39.

1:(. ).7*?.43*  *2*7,*3?& .RHMGI HIPPE JYR^MSRI

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 (42543*39.  14(&1.??&?.43* (42543*39.

1:(. ).7*?.43*  *2*7,*3?&

 ZIVWMSRM GSR XIPIGSQERHS ETIVXYVE TSVXI 

1:(. ).7*?.43*  *2*7,*3?&

1:(. ).7*?.43*  *2*7,*3?&

1:(. ).7*?.43*  *2*7,*3?& .RHMGI HIPPE JYR^MSRI  (42543*39.  14(&1.??&?.43* (42543*39.

1:(. ).7*?.43*  *2*7,*3?&

 ZIVWMSRM GSR XIPIGSQERHS ETIVXYVE TSVXI 

1:(. ).7*?.43*  *2*7,*3?&

1:(. ).7*?.43*  *2*7,*3?&

(SHMGI GSQTSRIRXI + + - .

.RHMGI HIPPE JYR^MSRI  (42543*39.  14(&1.??&?.43* (42543*39.

(SHMGI GSQTSRIRXI + + - .

1:(. 7*9742&7(.& .RHMGI HIPPE JYR^MSRI

 )*8(7.?.43*  8(-*2& *1*997.(4  )*8(7.?.43* +:3?.43&1*

 (42543*39.  14(&1.??&?.43* (42543*39.

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1:(. 7*9742&7(.& .RHMGI HIPPE JYR^MSRI  (42543*39.  14(&1.??&?.43* (42543*39.

,VYTTS WIPIXXSVI QEVGI GEQFMS EYXSQEXMGS '

(SHMGI GSQTSRIRXI - 2

(SHMGI GSQTSRIRXI - - 2

.RHMGI HIPPE JYR^MSRI  (42543*39.  14(&1.??&?.43* (42543*39.

(SHMGI GSQTSRIRXI - - 2

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 (42543*39.  14(&1.??&?.43* (42543*39.

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

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 (42543*39.  14(&1.??&?.43* (42543*39.

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

1:(* (&88*994  1:(* '&:1*  1:(* &39.3& 5&7&841*

.11:2.3&?.43* 897:2*39. .RHMGI HIPPE JYR^MSRI

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 (42543*39.  14(&1.??&?.43* (42543*39.

)MWTSWMXMZM EH E^MSREQIRXS IPIXXVMGS

)MWTSWMXMZM EH E^MSREQIRXS IPIXXVMGS .RHMGI HIPPI JYR^MSRM

(SHMGI GSQTSRIRXI ( - 2

(SHMGI GSQTSRIRXI ' ( ( ( - 2

7MJIVMQIRXS EP GSQTPIW WMZS ' & &

GEFPEKKMS ERXIVMSVI (

GEFPEKKMS QSXSVI (

GEFPEKKMS QSXSVI (

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GEFPEKKMS 8MHI 'EK (

1:(. 548.?.43* 9&7,& .RHMGI HIPPE JYR^MSRI

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(4254339. 14(&1.??&?.43 (42543*39.

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1:(. 548.?.43* 9&7,&

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1:(. 548.?.43* 9&7,&

1:(. 548.?.43* 9&7,&

1:(. 548.?.43* 9&7,&

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1:(. ).7?.43 27,*3?& .RHMGI HIPPE JYR^MSRI

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(4254339. 14(&1.??&?.43 (42543*39.

1:(. ).7?.43 27,*3?&

ZIVWMSRM GSR XIPIGSQERHS ETIVXYVE TSVXI

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1:(. ).7?.43 27,*3?&

1:(. ).7?.43 27,3?& .RHMGI HIPPE JYR^MSRI (4254339. 14(&1.??&?.43* (42543*39.

1:(. ).7?.43 27,*3?&

ZIVWMSRM GSR XIPIGSQERHS ETIVXYVE TSVXI

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1:(. ).7?.43 27,*3?&

(SHMGI GSQTSRIRXI + + - .

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(SHMGI GSQTSRIRXI + + - .

)8(7.?.43 8(-2& 1997.(4 )8(7.?.43 +:3?.43&1

(4254339. 14(&1.??&?.43 (42543*39.

,VYTTS WIPIXXSVI QEVGI GEQFMS EYXSQEXMGS '

1:(. 79742&7(.& .RHMGI HIPPE JYR^MSRI (4254339. 14(&1.??&?.43* (42543*39.

,VYTTS WIPIXXSVI QEVGI GEQFMS EYXSQEXMGS '

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(SHMGI GSQTSRIRXI - - 2

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