Citation
Statistical shape modeling of the right ventricle in pediatric pulmonary hypertension

Material Information

Title:
Statistical shape modeling of the right ventricle in pediatric pulmonary hypertension
Creator:
Agyei-Ntim, Frank
Place of Publication:
Denver, CO
Publisher:
University of Colorado Denver
Publication Date:
Language:
English

Thesis/Dissertation Information

Degree:
Doctorate ( Doctor of philosophy)
Degree Grantor:
University of Colorado Denver
Degree Divisions:
Department of Bioengineering, CU Denver
Degree Disciplines:
Bioengineering
Committee Chair:
Hunter, Kendall
Committee Members:
Shandas, Robin
Kheyfrets, Vitaly
Truong, Uyen
Ivy, Dunbar

Notes

Abstract:
Clinical assessment of right ventricular (RV) dysfunction requires correlative data between RV shape features and markers to fully characterize the RV shape changes in pediatric pulmonary hypertension (PH). Such characterization may indicate whether the RV is reacting through adaptive versus maladaptive pathways, an important clinical feature that must be identified as early as possible in pediatric PH. Given the complexity of the RV morphology and the heterogeneity of the pediatric population, Statistical Shape Modeling (SSM), a computational analysis that spotlights dominant shape changes without apriori assumptions, holds particular promise for highlighting the relationship between RV shape features and markers of RV-to-pulmonary arterial (RV-PA) axis within the naturally heterogeneous pediatric population. The purpose of this study was to: 1) develop a careful segmentation algorithm as applied to pediatric magnetic resonance imaging (MRI) datasets for reconstructing representative RV shapes; 2) extract primary shape modes based on SSM approach that reflect early biomarkers of RV dysfunction; 3) propose approaches that integrate highly heterogeneous pediatric RV shapes into training sets in order to maximize the sample size of the study. We retrospectively selected a large population of pediatric subjects who had undergone cardiac MRI and right heart catheterization, including measurements of their functional and biological markers. Consistent reconstruction algorithm was applied to extract the RV shapes from the MRI datasets as input into SSM analysis. The SSM was utilized with Principal Component Analysis (PCA) to extract dominant modes of variation and then correlated to the markers. Statistical analysis was used to identify key shapes that were most sensitive to these markers. Finally, fiducial alignment was utilized to integrate heterogeneous shapes into the datasets. Key RV shape modes that correlated with hemodynamic markers were generated by SSM approach. Primary shape features that reflect early changes in hemodynamic markers were identified. Application of fiducial alignment maximized the statistical power of the analysis. Identification of these primary shape modes may help guide imaging-based assessments in pediatric PH population. Incorporation of heterogeneous shapes may improve the characterization of RV morphology under pediatric PH.

Record Information

Source Institution:
University of Colorado Denver
Holding Location:
Auraria Library
Rights Management:
Copyright Frank Agyei-Ntim. Permission granted to University of Colorado Denver to digitize and display this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.

Downloads

This item is only available as the following downloads:


Full Text

PAGE 1

nrnnnn nr nn n !"#$%&!'%()*+%$+$,+#$ )-)./001 $%&!'%()*r$&!/002 (#'%''"%((,()(# +"-()*!,"(+#))-)*(# $%&!'%()*)-)!,)%$3!(%-*"-*%-$( )*(#!4"%!$('*)!(#,.!)* r)+()!)*#%-)')3# %)$.%$!%$.!).! /056

PAGE 2

7/056 n nnnr

PAGE 3

#%'(#'%'*)!(#r)+()!)*#%-)')3#,.! !$ .%(% #'$33!)&,*)!(# %)$.%$!%$.!).! $,--"$(!#%! )%$#$,' %(-#*(' $!")$. r"$!& r(8r+!59/056

PAGE 4

.%(%!$ :#r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

PAGE 5

$,(#$+)!!-(,()(#! !'((%'(%+-$ -'%''"',()%,$(%* '#3' (#(!)'('$'%(%&()(#'! !'%$-*%,"+%--%.$$('"(%-%<,() %$(.!(#(!).$)"''#3'%$()(#,('(' '#3),'(#(+)!!-(,%(##),$%+ ! !'!.$!(, 33!)+#!%!'#3*("!'(#(!*-+ (!-+#$.'%$#),$%+ ! !'!%,$(%*%,33-%+(%)$)**%,"+%-%.$$(=%%<,(#'((%'(%+-3)! )*(#$-'%' ,$(%*%+(%)$)*(#'3!%!'#3),'#3."%,%.%$.', ''''$('%$3,%(!%+3)3"-(%)$$+)!3)!(% )$)*#(!).$)"''#3' %3!)&(#+#!+(!%<(%)$)*)!3#)-)."$,! 3,%(!%+ #*)!$,+)$($()*(#%''(!+(!33!)&, !+)$,%('3"-%+(%)$ 33!)&,8)%$#$,'

PAGE 6

rn@ #%'3.%'()**%!(#(--)! %$(#%',)+()! -3!)A+(%')!%.%$-)! "!(#! +)$*%!(#(--!%(%$.%')$!%(%$.@)! *! ))(#!'#'$+%(,33!)3!%(!$ .%(% r+!59/056 (",$( r(

PAGE 7

,,%+(,%''!((%)$)! ()*%-$, $*!%$,''3+%-*-%$.)* .!(%(",())(#!#!%'(%$)($.#)' )!,')*$+)"!.$(!%$.'%$ !'-'),,%+((#%',%''!((%)$()$ *!%$,'$,+#"!+#*%-%$+-",%$. -&!)"$,(%)$$+$,#$##!%'(%$$(! #)#&'"33)!(,(#!)".#)"( (#3!)+'')'(%3)!($(-,,%+((#%')! $,.%&'3+%-(#$ '()%* !%,.()$,"$,)$,!*"-+#%-,!$n,!,. %!%3)$.$,<%#.%(% *)!%$.(#!*)!(#!)".#)"((#$(%!,)+()! (3!).!>)"."'#&$ '(+#!-,!'

PAGE 8

nrrr )"-,-% ()(#$ !'!+#,&%')!r!)% $#$,'*)!#%'3(%$+."%,$+ $+)"!.$($,,&%+(#!)".#)"((%'#%' '(",$(#&$=(!-"+ ()#&$,&%')!#)+!,')"+#)"( +!!-')%$,(,()(# !'!+#+)%((8r!$,--"$(!r!%(#*('r!&r"$!$,)'( '3+%--r!$!")$.*)!#!+-%$%+-+)$(!% "(%)$'n+#)*(#!')* r%''!((%)$)%((#'3!)&%,,=($'%&3! ')$-$,3!)*''%)$-."%,$+$, (".#(.!(,-)"()(#'+%$(%*%+!'! +#$,-%*%$.$!-)"-,-% () (#$ (#(%)$-$'(%("()*-(#:;#)%$ ,,%(%)$(),&%')!.$!)"'*"$,,(#%'!'!+#3!)A+()3-(%$.(#%')! )"-,#&$--(#)!,%**%+"-( !%($)(*)!(#'"33)!($,*!%$,'#%33!)&%,, (#%)$.%$!%$.,3!($( )'('3+%--(3#$"3#!%'%$,(,() #%*)!#%'(+#$%+-'"33)!( %$--(#$ (#!,"(+#))-)*(#$%&!' %()*)-)!,)r$&!$,$'+#"(< ,%+-3"':;*)!!+!"%(%$.%$()(#%'! 3"(-3!).!

PAGE 9

rnnr n nrnnn 5 $(!),"+(%)$ 5 #$())*(#)!-%.#($(!%+B ),$%+"$+(%)$)*)!-%.#($(!%+C r%'(%$."%'#%$.("!')*"-)$!%!+"-(%)$ C "-)$!!(!%-!''"! C "-'!''"! C )$(!+(%-%( 2 %.#($(!%+"-!%)+#$%+' 55 "-)$!!(!%-),-%$. 55 *(!-), 5/ $(!%+"-!'+"-!)"3-%$.n**%+%$+ 5/ %.#($(!%+"-!r'*"$+(%)$%$ 51 %.#($(!%+"-!#3''''$( 56 n+#)+!,%).!3# 56 .$(%+')$$+.%$. 52 )3"((%)$-#3$-'%' /0 3+%*%+%' /?

PAGE 10

nrnnrn /B $(!),"+(%)$ /B )$+3()*#3 /9 #33!'$((%)$ /6 #3+4"%'%(%)$ /2 #3-%,(%)$ /2 ((%'(%+-),-)*#3 ?5 )$'(!"+(%)$)*((%'(%+-#3),?5 #3-%.$$( ?/ 3-('*!$+ ?B )%$()!!'3)$,$+ ?9 ),-%$.#3!%(%)$ ?2 !%$+%3-)3)$$($-'%' ?2 ),')*#3r*)!(%)$ B5 ((%'(%+-33!$+),BB %((%$.()(!"+("!'%$.' B1 -%$%+-33-%+(%)$')*((%'(%+-),-)*#3 B6 n&-"(%)$)*#3','3)$'()),$%+' B6 )3"(!%,,r%.$)'(%+' 1/ "!.%+--$$%$.$,%"-(%)$ 1? 3-$(r'%.$ 11 %)+#$%+'$,%$(%+')*)$(!"+("!' 1C

PAGE 11

r%'+"''%)$$,)$+-"'%)$ 9? ((%'(%+-#3),-)$'(!"+(%)$ 9? )($(%-33-%+(%)$'$,"("!'!+# 9B %%((%)$')*((%'(%+-#3),99 )$+-",%$.#)".#(' 96 nnnrnn 9C $(!),"+(%)$ 9C )(%&(%)$*)!.$((%)$ 92 %'$,)"(-%$)*(#+#3(! 92 ,$(%*%+(%)$)*(#$,%('"(-%$ 60 !+%$.!)()+)6? .$((%)$$,+)$'(!"+(%)$%3-%$ 66 $"-!+%$. 66 %"()(%+!+%$. 62 -3' C5 ')'"!*+n=(!+(%)$ C/ )'(!)+''%$. C1 ,$(%*%+(%)$)*)!-&'(#)-).%+-#3' C6 )+!,%&%( C6 "(*-)$,$*-)(!+ CC )$+-"'%)$ 20

PAGE 12

.$((%)$33!)+# 20 -%,(%)$)*.$((%)$ 20 )!-&'(#)-).%+-#3' 20 #$,*)!((%'(%+-#3),-' 25 nrnrnnr 2/ $(!),"+(%)$ 2/ %')*(#%'+#3(! 2/ (#),' 2B "A+(' 2 B .%$. 2 B ),$%+'"!$(' 21 '#$!(%)$ 21 )3"((%)$')*(#)-).%+-#3!%(%)$' 29 ((%'(%+-$-'%' 22 '"-(' 500 '#$!(%)$ 500 ((%'(%+-$#3 50/ (#)-).%+-#3),' 50B -(%)$'#%3)*(#)-).%+-#3()),$%+' 506 r%'+"''%)$ 550 33!)+# 550

PAGE 13

3-%+(%)$)*%$,%$.' 555 -%$%+-3-%+(%)$' 55/ )$+-"'%)$ 5 5? nnnnnn 55B $(!),"+(%)$ 5 5B %,"+%--%.$$( 55B )$-%$!',)$!$551 %')*(#%'+#3(! 551 %,"+%-$(.!(%)$)*(!).$)"'#3' 556 (#), 556 n=3!%$( 5// '"-(' 5/ ? r%'+"''%)$ 5? / )$-%$!',)$!$5?1 (#), 5?1 n=3!%$( 5B/ '"-(' 5B B r%'+"''%)$ 51 0 )$+-"'%)$ 5 1? %,"+%-33!)+# 51? !$-33!)+# 51?

PAGE 14

rrnrn 51B !)+''%$.)*,('( 51B )$'%'($(,$(%*%+(%)$)*!,%+%)%$( 51B r-%$.%(#%'-%.$,-%+' 511 .$((%)$n&-"(%)$ 51C #3),-)$'(!"+(%)$ 512 %.%,-%.$$( 512 )$%.%,-%.$$( 512 n=(!+(%)$)*r)%$$(!%(%)$' 590 ,$(%*%+(%)$)*(#)-).%+-#3' 590 #3#$.'$,! !')*=%' 590 -%$%+--&$+)*(", 595 )$+-"'%)$ 5 9/ nnnn 59?

PAGE 15

nr n558r%.$)'(%++-''%*%+(%)$)*(#%$+#%-,! $$,%$,"-( / /58#33!'$((%)$'%$((%'(%+-),-)* '#3 /6 //8%.%,.%'(!(%)$33!)+#' ?B /?8,&$+'%$(3-(+)3"(%$.33!)+#' ?1 /B8)$!%.%,!.%'(!(%)$-.)!%(#' ?C /18%%((%)$')*$,(#%!-(!$(%&33!) +#' B/ ?58!)()+)-*)!'.$(%$.(#%$#-(#$," $,!)$.)%$.3!''"!6? B58-%$%+-$,#),$%+! !')*(#3,%( !%+'"A+('500 B/8!')$+)!!-(%)$)*'#3+#$.'%(#% $+!'%$.%501 B?8!')$+)!!-(%)$)*'#3+#$.'%(#% $+!'%$.%501 158-.)!%(#*)!%$+)!3)!(%$.#(!).$)"''#3 '%$()(!%$%$.'(556 1/ (3'*)!3!*)!%$.*%,"+%--%.$$()*?r'#3 '552 95 !)3)',(#),*)!-%.$%$.'3(%-,('(' 516

PAGE 16

nr n558$$,)+'()*$)!-#!( 1 5/8r%''+(%)$)*(#+!,%+' 9 5?8%"-($)"'-!+)!,,n$,3!''"!(! +%$.' 2 5B8!''"!D&)-"-))3')*(#"$,!,%**!$ (-),%$.+)$,%(%)$'50 518$%--"'(!(%&=3-)*&'+"-!&$(!%+"-! +)"3-%$.$-'%'*!)-))3'5? 598-$)!%$((%)$*)!(#3!'(!$--)$.=% '$,3%+-*)"!+#!3-$5C 5683%+-(#!+#!:-)$.=%';&%$,"+) '(-3!)A+(%)$52 5C8'--%+$-'%' /0 528)3"((%)$'#3),-%$.)* /5 /58)"!+)3%')*(#''#3"$,!,%**!$( (!$'*)!(%)$/9 //8#3!3!'$((%)$8&)-"(!%+3)%$('($ ,'#/ 2 /?8r%**!$+'($$%*)-,$,$)$$%*)-, '#?0 /B8!%$%$.'()*//)$'!3!'$(,'/r3) %$('( ?/ /18#'#3'-%.$,()+))$+))!,%$( ?? /98 )%$(+)!!'3)$,$++#$%'*!)*!$+() !.(?9 /68(3'%$&)-&,$)$!%.%,!.%'(!(%)$)*$)! .$:=8-%&!;*!)(3-(?6

PAGE 17

/C8$'#3)*(#)$'%(#()),')*&!% (%)$'3-)((,!)"$,%(B0 /28#$'#3)*#%3$,(#*%!'((#!), ')*&!%(%)$)*(##%3),-B1 /508#3')*(#)!('')+%(,%(#3(%$(' %(##%.#n&'-)nBC /558!%$+%3-),)*&!%(%)$')*(#!)$+#%( ! 1B /5/8),')*&!%(%)$%$$)!-$$"-!.)(! *!),%**!$(&%3)%$('19 /5?8)%$,$,n),-')**"!*)!)!(#) 3,%+%3-$(1C ?58!)+'')*+4"%'%(%)$)*,%+-%.&)-" )*)!.$)*%$(!'(9C ?/8)3)'%(%)$)*%.,('($,%$($'%(! 3!'$((%)$92 ??8#)!(=%'&%)*+!,%+,('(*!) '()3=65 ?B8B+#!&%)*(# 6/ ?18.$((%)$$,!+)$'(!"+(%)$3%3-%$$'%' 66 ?98$"-(!+%$.)**!)'()3= 6C ?68+(%&+)$()"!&)-"(%)$*)!'.$(%$.-(! -&$(!%+62 ?C8n&)-"(%)$)*%$(!$-$,=(!$-*)!+%$+( %&+)$()"!'.$((%)$C0 ?2833-%+(%)$)*'3,*"$+(%)$%$+(%&+)$()" !'.$((%)$C5 ?508-%+'-%+=3-)*--3' C/ ?558-3'"3!%3)',)$(#r'(+ * )!=(!+(%)$)*C/ ?5/8?r'#3=(!+(,*!)(#--3$,( #r'(+ C?

PAGE 18

?5?8#'#3'"3!%3)',)$(#&)-"(!%+% .CB ?5B8n=3-)*=(!+(,'#3,)$'(!(%$.%$($,)"(-((!+ 'C1 ?518)'(3!)+''%$.)*!'# C1 ?598)!(%&$,(#)-).%+-'#3:)+!,%+ &%(;C 6 ?568)!(%&$,(#)-).%+-'#3:%$*-)$, )"(*-);CC B58r)$'(!(%)$)*((%'(%+-#3),-%$.3 3!)+#*!)3!%%(%&'#3'2C B/8%.#(&$(!%+"-!'#.$!(%)$3!)+''$, &-%,(%)$505 B?8((%'(%+-$'#3$,$$)((%)$' 50? BB8@--(#%+ $''$,%$+!'%$.% 50B B13(-*-(($%$.$,%$+!'%$.% 501 B983%+-,%-(%)$$,%$+!'%$.% 509 B68"!)*'#3+#$.'%$%$+!'%$.! !' 5 0C BC8"!)*'+((!3-)(')*'#3*("!'%( #! !'502 158-%.$$()*(!%$%$.'(' 559 1/8-.)!%(#*)!,-%$.%(##(!).$%( 5/0 1?8'#.$!(%)$3%3-%$ 5/1 1B8n=(!+(%)$)*$*!)#)).$)"''#3' 5/ 9 118n=3-)*#(!).$)"'--%.$,'#3' 5/9

PAGE 19

198%,"+%--%.$$()*#(!).$)"''#3' 5/C 168!%!'#3),' 5/2 1C8-)()*+)3+($''+3+%( 5?0 128-)()*'3+%*%+%(!!)! 5?5 1508)$-%$!',)$ !$5?1 1558(%)$-#%$, !$5?C 15/8((%'(%+-$'#3 5BB 15?8!$-85&'/*)!"''%$3!( ! 5B1 15B8!$-85&'/*)!"''%$3!( ! 5B9 1518!$-85&'/*)!"''%$3!( ! 5B9 1598($,!,85&'/ 5B6 1568!$-&'*)!'#3E5 5BC 15C8!$-&'*)!'#3E/ 5B2 1528!$-&'*)!'#3E? 5B2 958"(-,%**!$+'%$'#3)*(#'3(%$ ((A"'(*)!n$,(n511 9/8(!+%$.'(n)*'"A+(%(#%'-%.$, '( 519 9?8!)3)',(#),*)!-%.$%$.'3(%-,('(' 516

PAGE 20

r rnrrrn "-)$!#3!($'%)$:;%'+)3-=,%')!,!(# ($%*'(''$)!-#%.#-)),3!''"!%$(#&'+"-("!)*(#-"$.' :@$./055;(%'+#!+(!%<, &')+)$'(!%+(%)$$,3!).!''%&!),-%$.)*(# 3"-)$!&'+"-!--'-,%$.() %$+!'%$3"-)$!&'+"-!!'%'($+:)..!, /002;$,!%.#(#!(*%-"!:)/009;n!-%!!+).$%(%)$$,$(!($((+#$% 4"'#&%3!)&,(#)"(+))* +#%-,!$%(#$&!(#-''%''(%--,,,%''%(#)!(-%(!()*/0()B0F ?!'*(!,%.$)'%':)3!/001>%(#$/00/; #@)!-,-(#!.$%<(%)$:@;#'+-''%*%, (#,%''%$()1+(.)!%' ',)$(#+"')*:+".#-%$/002> %)$$"/00B;'!*-+(,%$-5 -)#,%.$)'(%++-''%*%+(%)$)*%$+#%-, !$*)--)'(#'3((!$,)3(, *)!,"-()&!(#3,%(!%+,(+)--+(,"3 (),('#),%**!$(3((!$)* ,%.$)''$,(%)-).%'*)!%$+#%-,!$+)3! ,(),"-(':)3!/001;$+)$(!'( (),"-((#3!,)%$$(,%.$)''%$+#%-,!$ !%,%)3(#%+"-)$!!(!%3!($'%)$:;$,'')+%(,%(#+)$.$%( -#!(,%'':r;#%''(", %--*)+"'3!%!%-)$3,%(!%+

PAGE 21

!"#$ %$ 8 r%.$)'(%++-''%*%+(%)$)*(#%$+#%-,!$$, %$,"-( $% "& '# "'(##)*+ 55 ,%)3(#%+:; 5/ %-%-:; 5? '')+%(,%(#:; 5?5 )--.$&'+"-!,%'' 5?/ )$.$%(-''(%+()3"-)$!'#"$(' 5?? )!(-#3!($'%)$ 5?B %$*+(%)$ 5?1 r!".'$,()=%$' 5?9 (#!:(#!)%,,%')!,!'.-+).$'()!.,%'' (+; 5B '')+%(,%(#'%.$%*%+$(&$)"')!+3%--!%$& )-&$( 5B5 "-)$!&$))++-"'%&,%'':r; 5B/ "-)$!+3%--!#$.%)()'%':; 51 !'%'($(3"-)$!#3!($'%)$)*$)!$ ,% )) #-."#/.# )# )# /5*('%,,(!%-)!&$(!%+"-!#!(,%''//*('%,,&-&"-!#!(,%'' 0% )) #-."1)# )# 2.'(3#& #!)$%+)'(!"+(%&3"-)$!,%'' $(!'(%(%--"$.,%'' -3,%')!,!,!(#%$. -&)-!#3)&$(%-(%)$,%')!,!' #!)$%+=3)'"!()#%.#-(%(", r&-)3$(-$)!-%(%'

PAGE 22

!"#$ %$ 4 8 r%.$)'(%++-''%*%+(%)$)*(#%$+#%-,!$$, %$,"-( 5% #..&! #&!")# )# #!)))-%+)'(!"+(%)$)*3!)=%-3"-)$!! (!%' #!)))-%+)'(!"+(%)$)*,%'(-3"-)$!!( !%' )$(#!))(%+3"-)$!)-%':(")!3!'%(' *)!%.$(!%-; 6% )#"" #) )#) !+)%,)'%'#%'(%)+()'%'G-3#$.%)()'%'+) 3!''%)$)*3"-)$!&''-' :,$)3(#(")!*%!)'%$.,%'(%$%(%'; &!(#3'(*)"!,+,'+-%$%+-(!($()*( #%$+#%-,!$#'*)+"', )$(#3"-)$!&'+"-("!#)&!%(%')'!& ,%$!+$('(",%'(#((#3,%(!%+ 3(%$()"(+)%$%',(!%$,3!,)%$$((#!'3)$')*(#!%.#( &$(!%+-:;()%$+!'%$.-),)!)$.)%$.3!''" !+#$.':rH-)$<)5225> $,)&522B; #%''(",'"!%<'(#&%---%(!("!)$( #)!3#)-).$,*"$+(%)$)* (#"$,!3!''"!)&!-),$,3!)&%,'(#' %'*)!(#"')*+)3"((%)$-'#3 ),-'()'(",,'*"$+(%)$%$3,%(!%+ +(%)$5/,%'+"'''(#$())*(# $)!-##),$%+$,%)+#$%+')*(# %',%'+"'',%$+(%)$5?$, 5B!'3+(%&-r&-)3$()*,'*"$+(%)$"$, !)$.)%$.3!''"!%$%' ,%'+"'',%$+(%)$51+(%)$59(#!)'-%.#( )$(#''''$()*(#(#!)".# $)$%$&'%&%.%$.(+#$%4"'$,(#$,*)!+) 3"((%)$-'#3),-%$.33!)+# %$--(#'3+%*%+%'*)!(#%'!'!+#!,%' +"'',%$+(%)$56

PAGE 23

.# &'/.#& "1.7#"# $(#$)!-#!((#%'(#)'($(!%)!'%("(,+!,%++#!$,-%' %,%(-#%$,(#'(!$"#+$,'+! %,%$(!')*(#!+)3)$$(' :))!$,%--#%5261>,,,/00C;8 5; (#%$-(#%+#+)$'%'(')*(#(!%+"'3%,&-&+# )!,($,%$$,(#33%--! "'+-' /; (#(!+"-(,3%+-)+!,%" ?; (#%$*"$,%"-")!+)$"'#%+#+)!!'3)$,'()(# '))(#)+!,%)"(*-) !.%)$:))!$,%--#%5261>)/009; #!3!)%$$($,'!3!'$(%$(#8(#3 !%$(-$,(#'3()!.%$$,$,(#),!()!$,#3!%(-$,$, (#%$*"$,%"-!'3(" "3 (#+!%'('"3!&$(!%+"-!%':!522/;#3! '$+)*(#&$(!%+"-)%$*"$,%"-!*)-, '3!('(#(!%'+"'3%,$,3"-)$!&-&'$-% (#%$(#-*(&$(!%+-:;(# )!(%+$,%(!-&-&'!%$*%!)"'+)$(%$"%( #'#3)*(#%'+)3-="$,!&$$)!-+)$ ,%(%)$'$-% (##%+# +$,'+!%,'#&%$.$)!(%&$,+)$'%'( $('#3D(#()*(3%+#%'3#!)%,(#%'"+#)!,%**%+"-(()+#! +(!%<"'%$.)$+))$'-%$ $-(%+'#3#33!'(!%$."-!#$&% ,*!)(#'%,:%.55;$, +!'+$(#$&%,%$(#+!)'''+(%)$:%.55 ;#'3("%'-')+)$+&"$,! $)!-+%!+"-(%)$#--')*(#!(#%$$ !(#$(#$,%('''%')"()$ '%=(#(#()*(##'*("!'!%--"'(!(, %$%.55-) $'"!(#$()%+-,%**!$+'(#(,%'(%$." %'#(#*!)(#%$+-",(# *)--)%$.8 5; (#3!'$+)*(#),!()!$,

PAGE 24

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

PAGE 25

n %,*!)(#3=(#!%.#(&$(!%+-%'+!'+$ (%+!33%$.!)"$,(#-*(&$(!%+#)3$!!)! '(#+"(!.%$#+)!)$! '%$"'%'!-(,()(#%$*!%)!-)*(#-*((!%":r;#%'&%*!)(#,%3#!. (%+'3+('#)'(#+)"!')*(# +)!)$!'%$"'$,(#+!,%++!"=:n;#%'*)"!+ #!'+(%)$(#!)".##!('#)' (#)**'(!!$.$()*(##%$.-%$')*(#(! %+"'3%,$,%(!-&-&':!!)';%(# (#(!%+"'3%,&-&((+#,+-)'!()(#+!,%+ 3=(#$(#%(!-&-&#!) $ -%$'(!+(#+)"!')*(#+)!)$!'%$"'3''%$ .-)$.(#%$*!%)!'3+()*(#-*( (!%"))!(>+)!)$!'%$"'>%$*!%) !+&-&%$>-*((!%">-*( &$(!%+->3"-)$!(!"$ >!%.#((!%"> !%.#(&$(!%+-,3(,*!))( -:/009;1#$%, 8:;#%',%''+(%)$)*(#+!,%+''#)'(# +$(!--)+(%)$)*(# )!(%+&-&,.,($(#%(!-$,(!%+"'3 %,&-&'$,#%$,(#3"-)$!

PAGE 26

&-&#!) $-%$! '(#+"!&,&$(!%+"-! '3("#-*-(')*(#(!%+"'3%, &-&!,'%.$(,'3(-:;$(!)'"3!%)!: ;$,"!-:;:;#'3('3+()*(#!%.#(&$(!%+-%',%'3-,()'#) (#'3()!.%$-(!+"-(%)$:; %(#%('$(!%)!:;$,3)'(!%)!:3;!'!+ %$.(#&$(!%+"-)%$*"$,%"-!*)-, :;#),!()!$,:;+!)'''(#&$(!%+" -!+&%(',%'(%$+("$,-:;# +)%''"!($$(!)'"3!%)!$,'3(--*('%''"33)!(,(#,%33%--!"'+-:3;#%'#!(-+ '*)!(%)$ )*-*-((%''"%$(#!.%)$)*(# !$)"''3(":!!);:r;#%',%''+(%)$)*( #)"(*-)(!+('#)'(#"'+"-! %$*"$,%"-"'"33)!(%$.(#3"-)$!&-&3()3 !%(-(!+"-(%)$':'(!%' ';! *-(#'%-"$!-*-('#&$!)&,()! &-(##%$.-%$'+!)''%$.(# &$(!%+"-)!(!%-A"$+(%)$:I;$,!%'%$.()( #'%$"(""-!A"$+(%)$:I;,3(, *!))(-:/009;*!$+%.55*)!! &%(%)$'

PAGE 27

#&' &/.#1.7#"#r%'(%$."%'#%$.("!')*(#"-)$!%!+"-(%) $ #%'+)$$+(,()-)%3,$+#%.#-,%'( $'%-3"-)$!&'+"-("! #3!%!#),$%+*"$+(%)$)*(#%'()! +%&''(%+&$)"'!("!$(#$ 3"3%$()(#-)%3,$+3"-)$!!(!%'%$ +(#%'+)$$+(,%$'!%'%(# (#%(3"3')$&!.(#'**+(%&'(!) &)-"$,!$)!-+)$,%(%)$' (#3!''"!'!'%.$%*%+$(--)!(#$(# 3!''"!'3!''"!(!+%$.''#) $!-3 %$.$,!3%,-,+-%$%$.3!''"!% $+)$(!'(()(#!)"$,,+)$()"!)*(# 3!''"!(!+%$.':%.5?;: r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

PAGE 28

r )$(!+(%-%(:)!!*)!$+; #3!*)!$+)*(#+$'(,'+!%, 3!''"!&)-"-))3 !''"!&)-"-))3',3%+(%$'($($)"'3!''"! &)-"+"!&'"$,!,%**!$( -),%$.+)$,%(%)$'(%')'!&,%$(#:". 526?;(#((#$,''()-%+3!''"! &)-"!-(%)$'#%3+$33!)=%(,-%$! !-(%)$'#%3%(#(#'-)3!*!!, ()'&$(!%+"-!-'($+$&'(%.()!'+)$'%,! (#%'3!(!-') $)$'(# &$(!%+"-!-'($+'!-%-%$,=)*+)$(!+ (%-%(%$:(!-%$.52C1;r'3%( #&%$.! ,-,%**!$(&$(!%+"-!.)(!$, #),$%+'$'(",%''#), (#((#-')*)--)'(%&!%$.-'($+ ),-,%'+)&!,%$(#:%.5B; :,,,/00C;)&!+"')*(#,%**!$(' #3)*3!''"!&)-"+"!&' =%--'($+: n*!)%.5?;((!!*-+('+)$(!+(%-%(( #$,)'(# $,''()-%+-'($++))$-"',%$3!''"! &)-"%$(!3!((%)$ 1#$%0 8%"-($)"'-!+)!,,n$-).'%.$-)* 3!''"!,&-)3$( :,K,(;3#'%+3"-)$!!(!*-)3"-)$!! (!3!''"!:;$,3!''"!

PAGE 29

:;%$(##"$'"A+(n%$,%+('3!A+( %)$3!%),>nA+(%)$(%> $,#$.)"(%$(!&1#$%5 8!''"!D&)-"-))3')*(#"$,!,%**!$(),%$.+)$,%(%)$'#'-)3 )*=%"(%&!%$.-'($+: n;=%"3!''"!&)-"!(%):=; $,$,A+(%)$3!''"!K&)-":nn;!,%'3,)$(#.!3#,3(,*!) ,,,(-:/00C;

PAGE 30

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n;3!)(%$+)$($(+)3)'%(%)$$,+!)'' -%$ %$.$,%(#!,%-(%)$)! +)$'(!%+(%)$)*&''-',3$,%$.)$(#%!-)+(%) $%$(#+%!+"-(%)$:@$./055;#' +#$.'!+#!+(!%<,$!!)%$.)*(#,%'( -!(!%'$,'(%**$%$.)*(#$(%! &'+"-("!#+)$'4"$+)*(#!(!%-$!!) %$.%'(#%$+!'%$3"-)$! &'+"-!!'%'($+:;#+)$'4"$+)*(# !(!%-'(%**$%$.%'(#%$+!'%$ 3"-)$!&'+"-!'(%**$%$.:;$+!'%$ '(%**$%$.+)3!)%''(#@%$, '')!"**!%$.**+()*(#3!)=%-!(!%'#%'% $("!$,,'*"!(#!()(#)! -), ,+!'%$.(#**%+%$+)*(#,"-'(.3"3 %$.)*#%'*"!(#!%$+!'')(# (#3!''"!$,*-)3"-'(%-%()*(#3"3

PAGE 31

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

PAGE 32

3"-)$!!(!%--),#+$-'),,"+ ,*!)(#&$(!%+"-!3!''"! &)-":;-))3$-'%'1#$%6 8$%--"'(!(%&=3-)*&'+"-!&$(!%+"-!+) "3-%$.$-'%'*!) !''"!)-":;-))3'$(!%+"-!$,''()-% +-'($+:n';$,!(!%-**+(%& -'($+:n;!+-+"-(,*!)"-(%3--))3' &!%$.(#3!-),:@$.(/055; #%'!-(%)$'#%3'%$%(%--,&-)3,. (-:52CC;(),'+!%(# +)"3-%$.**%+%$+($(#-*(&$(!%+-$, ''(%++%!+"-(%)$$(#%'33!)+# (#&$(!%+"-!#&%)!'%'4"$(%*%,(#&$( !%+"-!$,''()-%+-'($+:n' #%+#!3!'$('+)$(!+(%-%()*(#&$(!%+-; #3"-)$!!(!%-#&%)!%' +#!+(!%<,(#!(!%-**+(%&-'($+: n#%+#!3!'$('&$(!%+"-! *(!-),;#'4"$(%(%'!,!%&,*!)(# -))3'(,%**!$(-&-')*3!-),' %--"'(!(,%$%.51#!(%))*(#'()3! (!' r +--,&$(!%+"-!&'+"-!+)"3-%$.!(%):; %-,'(#,%!+(''''$()*(# +)"3-%$.**%+%$+

PAGE 33

#+-%$%+-%3-%+(%)$)*(#%'+)"3-%$.**%+%$+ %'(#(#$&$(!%+-$, &'+"-("!!**%+%$(-+)"3-,8 5; ,$%+!$.)*&)-"(!$'*!%'+#%&,,"!%$. A+(%)$%(#%$%-+#$. %$3!''"! /; %$%-$!.%''(,%$(#3"-'3!''"!$, =%-$!.%'(!$'%((, %$(#$3!''"!:''522/; #!*)!-%$ .($*"$+(%)$$,&'+"-! *"$+(%)$+#!+(!%<,(# +)"3-%$.**%+%$+:n'Kn;+$!&-(#+#$ %''(#(,%**!$(%(3#'%)-).%+$,3(#)-).%+-&$(!%+"-!!),-%$.:'$)%52 C2> r)522?;

PAGE 34

1.7#" ')/ $,!$)!-#!(+)$,%(%)$'(#&$(!%+"-!&'+ "-!''(%'+)3-%$(() 3!&$(%,'%$.'%$3!''"!)!(#3"-)$! &'+"-("!(#+)3-%$+%'-!.+)$(%$,%(#%$(#3!)=%-!(!%'#'(%**$' '+#%&,,"!%$.+)$(!+(%)$%' +-)'-(+#,(#!(!%--'($+())3(%% <+#$%+-**%+%$+)*(# &$(!%+"-!&'+"-!''( ',%'+"'',!-%!'(!"+("!-$,+#$%+-+# $.'%$(#3"-)$! &'+"-("!%$+!'(#!(!%--'($+:()(*(!-),;#'+#$.'$%*'(' $!!)%$.)*(#,%'(-!(!%'$,'(%**$%$.)* )(#(#3!)=%-!(!%'$,$(%! &'+"-("!!!)%$.%$+!''(#'(,)! -) ,)*(##%-(#'(%**$%$. %$*-"$+'(#)'+%--()!)! -),)*(# r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

PAGE 35

n ,'(!)'%(&)-"3"3%$.+)$*%."!(%)$#%+#$. (%&-%3%!'*"$+(%)$-,%$. (),'*"$+(%)$$,*%$--*%-"! (%')'!&,(#((#*"$+(%)$'$,!'3)$,'( )-),&!,%**!$(-(#$ )!%$'($+"$-% (##%+#3!'!&'*"$+(%) $+"(-(#!)".#!-%$+)$(# !$ (!-%$.+#$%'$,-')%$(%$')3(% ---'(!''(#!)".#(#-)* 3-+$,+#!)$%+--(#!)".##3!(!)3#(# !(#!!4"%!'#,!),$%+ 3"3%$.''%'($+(#!)".#(#M,"-'(.N3"3%$. +(%)$)*+)"3-%$.r'3%( (#')'!&(%)$''(",%')**"$+(%)$!=(! 3)-(,*!)(#'+)$'4"$+ &!-%((-%' $)$)"((#%$)(##-(#$ ,,%'' #)".#&!-%((-%' $)$)"((#!),(), *)!(%)$"$,!3!''"! -),%$.#( $)')*!%'(#(*%-"!"$ ,!)$.)%$.3!''"!%'3)($(%-!&!'%-$,+#$.%$'#3!3!'$('%$%( %-'%.$)*,'*"$+(%)$#%'%'(# ,!%&%$.*)!+*)!(#'(",)*,'*"$+(%)$%$3 ,%(!%+(#!)".#'#3$-'%'%$ (#%'!'!+##$=('+(%)$,%'+"''''#3 ''''$($,(#$,*)! +)3"((%)$-'#3),-%$.

PAGE 36

1.7#" . (#))#))&#n+#)+!,%).!3# n+#)+!,%).!3#%')*($(#%$%(%-),-%(*)! %.%$.(#%$+)$.$%(-#!( ,%''#%'%.,*!)'&!-3!)A+(%)$' :%(#(#"')*+)"'(%+%$,)'$, &%';n+#)*(#'3!)A+(%)$'%'+#!+(!%<, '3+%*%+$()%+-$,! ' n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

PAGE 37

n+#)+!,%).!3#+$)$-"',''+!$%$.,%. $)''+"')*-)+(%)$)*(# !%.#(&$(!%+-#%$,(#'(!$"%$,,%(%)$()( #3))!+)"'(%+%$,)'#%+# %3,'%('"'%$+-%$%+-'((%$.' 1#$%8 8;-$)!%$((%)$*)!(#3!'(!$--)$.=%' :()3;%(#+)!!'3)$,%$. ()).!3#%+&%:)(();,)$'(!(%$.(#3)'%(%) $)*(#!%.#(&$(!%+"-!)"(*-) (!+(#3!'(!$--)$.=%'3-$%$+)!3)!(' (#),!()!$,:;%$(#!%.#( &$(!%+-;3%+-*)"!+#!3-$,)$'(!(% $.(#*)"!+!,%++#!')(%+ (#(!%-'3(":!!);$,(#3)'%(%)$)*(#( !%+"'3%,&-&+-)'!()(#3=(%' -').)),*)!!&-%$.)!3#)-).%+-*("!')*( #'3("(#'3()!.%$(!+"-(%)$:;$,),!()!$,:;*((!%">-*(&$(!%+->!%.#( (!%">!%.#(&$(!%+-.',3(,*!)) (-:/009;

PAGE 38

r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n; /; )'(!+$('(,'((*!3!+''%)$:;(+ #$%4"

PAGE 39

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

PAGE 40

%$,%&%,"-(),%$'%)$-:/r;'-%+')*(# $()$)!,!()+)3%(#?r,( '('**+(%&-+)3"((%)$-),-%$.())-'! $,,()"()((#=(!+(%)$$, 4"$(%*%+(%)$)*(#$()*!)(#-!.&)"(!%+,('(' +)$,-%$+-%$%+-3!+(%+$-'%')*,%+%.'%')*($+!!%,)"( (#!)".#'%3-)!3#)(!:!"'/059>!"'/ 059;%3-'#3,'+!%3()!')! 3!(!''"+#'+)$+$(!%+%(++$(!%+%(! ,%(!(+!'"!%$/r %3-)!3#)(!,)'$)(*"--=3-)%((#"$, $+)*%$*)!(%)$(#(+"!!$( %.%$.(+#$%4"')**!:!"'/059>!"'/05 9;$)(#!)!,'(#!-(%)$'#%3 ($+)3-=-)+-$,.-)-'#3*("!':=8 ()!(")'%('($)'%')(%)$(+; !$)(*"--=3-)!,)3"((%)$-'#3),-%$. !(#!--)'&%'"-%<(%)$')* +)3-=3(#)-).%+-'#3'=(!+(,*!)-!.,( '(')*3(%$(3)3"-(%)$() +)3!,()$)!-'"A+('1#$%; 8)3"((%)$'#3),-%$.)*,)$'(!(%$.%$ +!'%$.!),-%$.)* (#+#!'#),$%+! !+#$.' @%(#(#!+$(%$(!),"+(%)$)*((%'(%+-#3 ),-%$.:$'%/055> )$!,%/05?;)*(#+)3-=?r.-)-$,!. %)$-'#33((!$'%$,,%(%)$() '%3-'#3,'+!%3()!'+$%$(.!(,%$()+ )3"((%)$-(-'*!)#%+# ,)%$$(&!%(%)$'%$?r!+)3"(,:!*!$+ %.52;',)$(#%'(-' ! " ! " # )1"& '7 )" #)) # < 7

PAGE 41

3!,%+(%&'((%'(%+'+$"%-(()=3-)!#)'# 3+#$.'!!-(,()%)! !' "'"--"',()&-"(=%' $-% 3!&%)"''#3$-'%')*(#:##$ /00C>!/05/;#%+#++'' -"3,! !')*(#?r'#3%(#%$(!),"+(%)$ )*3!%)! $)-,.,)'$)( "'3!%)!%''"3(%)$'#!*)!+$%,$(%* %,'3+(!")*'"(-'#3 *("!'(#(+$$)('%-!&-,-"3, (!%+'#!*)!(#%''(",3-)' (#!+$(-%$(!),"+,$-'%'()!-(' #3*("!'()*"$+(%)$-%$,,%(%)$ ()%)-).%+-! !'+-%$%+--"',()&-"( ,'*"$+(%)$

PAGE 42

(#/&) #%)*(#%'!'!+#%'()85; 3!)3)'+!*"-'.$((%)$3!)()+)-'33-%, ()*)!!+)$'(!"+(%$.(# '#3'"$,!3,%(!%+> /; =(!+(3!%!'#3),'%(#$-'%'( #(!*-+(!-=%' #),$%+! !'> ?; 3!)3)'(#),'(#(%$(.!(#%.#-#(!).$)"' '#3'%$()(!%$%$.'()* 3,%(!%+'#3'%$)!,!()=%%<(#'((%'( %+-3)!)*(# +#!+(!%<(%)$)*3,%(!%+'#3'"$,!

PAGE 43

r rnrnrr &!(#3'(,+,+)$'%'($('#3$-'%'*! )! '#&$3!)3)',() ,'+!%)!.$$()%'$,(#%!%)-).%+-&!% (%)$':$$+/002>!$$,!522C> "'+#/055;#A)!33-%+(%)$)*(#''#3 $-''%'()4"$(%((%&-&%'"-%< 3(#)-).%+-'#3'%$3)3"-(%)$)*3(%$('+) 3!,()#-(#+)$(!)-'#''#3 (+#$%4"'"'('(%'*()A)!!4"%!$('8.$ !-%<%-%($,'3+%*%+%(:r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n+#'( )*'#3,*)!(%)$!3!'$(&-%,%$'($+)* (#%)-).%+-'#3#3)''%%-%()* "(%-%<%$.()+3("!"$'$'#3'+!('$ )33)!("$%(%'(#(+)"-,"',() *+%-%(((#'(",,%.$)'%'$,(!($()*3 (#)-).%' ((%'(%+-'#3),-%$.#'$)$+)$'(!"+ (,*)!+!,%)3"-)$! $"!)$()%+-')*((%''"'%$(#,)%$-! '$,)$'(!"+("!'@#%-(# +!,%)3"-)$!'(!"+("!'!+)3-%$((#$"!) $()%+-'(!"+("!'!#%.#-

PAGE 44

+)$&)-"(,$,'3#!%+->)$'(!"+("!'!!(# !!%.%,+)3!,(),*)!-')*( (%''"'(!"+("!'%$(#,)%$-$,3-&%+!' n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r$, (),)$'(!(+"!!$(+-%$%+33-%+%-%(%$*)"!)!.$''(!"+("!'D+!,%)3")$!$"!)$()%+-)!(#)3,%+ $,')*((%''"'(!"+("!'%$(#,)%$-$,3&%+!'

PAGE 45

n #(/. (# '#3%'"'"--,*%$,'(#3!)3!()*$) A+(#%+#%'%$&!%$("$,! '%%-!%((!$'*)!(%)$:(!$'-(%)$!)((%)$$ ,'+-%$.;#'#3)*$)A+(%'$)( +#$.,#$%(%')&,!)((,)!'+-,#%'% '!*-+(,%$%./5 1#,%$+ )"!+)3%')*(#''#3"$,!,%**!$((!$' *)!(%)$ + $ )*,'+!%%$.'#3%''3+%*%$.$"!)*3)%$( ')$$)"(-%$ #+))$'((),'+!%'#3%'-)+(%$. *%$%($"!)*3)%$(')$ $)"(-%$:%./5;))$-(#3)%$('!%$ ())!(#!,%$'%)$# ,%$'%)$'+$%$'3+(%$,)!%$($'%(% $$%.)!%$'($+ 5. (#) +$+)3)',)*3)%$('%$?r'3+%(#(% ,%$'%)$:*)!%$'($+%$ $%.'4"$+; 0. (#) +$%(#!+)3)',)*3)%$('%$?r'3+)!+ )"-,3)%$('%$/r'3+ %(#(%,%$'%)$ ,. (#) +$+)3)',)*3)%$('%$/r'3+)!+)"-, )$'3+$,)$(% ,%$'%)$)!%$($'%(&-"''3-,(3!(%+"!3)'%(%)$%$$%.$,)$ (%,%$'%)$ $. (# +$%(#!+)3)',)*3)%$('-)$.-%$)!% $($'%(&-"''3-,( '3+%*%+3)'%(%)$'%$$%.

PAGE 46

#33!'$((%)$ #+#)%+)*'#3!3!'$((%)$%'(#*"$,$( -,+%'%)$() #$ +)$'(!"+(%$.'((%'(%+-),-')*'#3)'()*( #'"'4"$('(3')*(#'#3 $-'%',3$,)$(#%'+#)%+#)'(+))$'# 3!3!'$((%)$'!,'+!%,%$ (#-/5+#$%+----'#3!3!'$((%) $'+$+)$&!(,%$()+#)(#! )&!3)%$('(!3!'$((%)$%--*)!'(!)$ .*)+"')*(#!%$,!)*(# !(%+-#$=(4"'(%)$(#($("!--!%''%'8 )!'#3'"',%$'((%'(%+),-')*'#3+4"%!,P !"#,%$ 8 #33!'$((%)$'%$((%'(%+-),-)*'#3 )%$( '(!3!'$((%)$' !"'"--"',*)!+!,%)3"-)$!$,)!(#)3,%+ '(!"+("!',%-$,! $)!--"',()!3!'$(!%$'(!"+("!' r'+!%3(%)$ $$)((%)$ )%$('( '()*,%'+!(3)%$('#%+#)"(-%$'(# )!%.%$-'#3n+#3)%$(3'()!('%$+))!,%$(''( (#(%+--=3!'',' # $#%&#'&(&#)&*%&*'&(&*)&+%&+'&(&+),-*)! . 3)%$('%$ / Q?,%$'%)$ '"--"',(),'+!% ("& ' $, .(#)#) )%$('(,'+!%3(%)$$,%(''# 7"&# $')33-%+(% )$:!$.% /00/; +#)%+)*'#3!3!'$((%)$%'(#r '-%+' +)$,,*)! ! )#)= <

PAGE 47

!"#,%$ 4 8 #33!'$((%)$'%$((%'(%+-),-)*'#3 r'+!%3(%)$ $$)((%)$ )%$('( #3$-'%' %'3!*)!, )$(# +)**%+%$(')*(#'%'*"$+(%)$ $+-",')"!%!:(%522/;&-(,'+!%3()!'$,$)$"$%*)!!(%)$-'3-%$:; )'(%,-"',%'3#!%+-!)$%+':;:!+#R#-!5221;!3!'$()A+(')*'3#!%+-()3)-). "%(-*)!,'+!%%$. # & " )#) '"+#'#%33)+3"' +$(-%$(.!(,%(#3)%$('(:($!(-/009;()!)"'(-,'+!%!%$'(!"+("!' ,%3!'$(''#3'*3!(!'8 +$(!-%$')*(#'#3$,(# +)!!'3)$,%$.!,%%>&!+)3+( -')+--,!3':%
PAGE 48

r #3+4"%'%(%)$ ),%$'%)$-:/r;'#3'!"'"--+4"%!,*! )G!)!,"-G! ')!3(%)$:rG;%.'?r'#3'!+4"%!,*!) $,$')%$'($+'?r '#3'!+)$'(!"+(,*!)%$(!)3!(%&,('" +#'"-(!')"$,:;*-")!)'+)3$, ?r,%.%(%<,3)%$('))(%$(#?r'#3(#)! .$)*%$(!'(%'(!+,'-%+'-%+ *!)(#)!,('(:)!%.%$--%$(#*)! )*r*%-';*(!(!+%$.(#)!.$ )*%$(!'((#)"(3"(%'=3)!(,''"!*+' ##%+#"()(%+--'&'(#'#3 '3)%$('(!3!'$((%)$)-"(!%+%.3)%$ ('($,'')+%(,'#%''#)$%$ %.//-) 1#,%, #3!3!'$(,'3)%$('(:%,,-;%''.$( ,*!)&)-"(!%+%. '4"$+:-*(; % 3)%$('(%(#+)$$+(%&%(%$*)!(%)$:'#;%' '#)$((#*!!%.#( #3-%,(%)$ '((%'(%+-),-)*'#3%''.)),'(#,( *,%$()(#$-'%'#4"-%( )*(#'#+$**+(#)'3+%*%+(#),-%' $%*)-,'#('(#'($,!,*)! 3!)+''%$.'#%''%,()$%*)-,#$ (#$"!)*,.',%&%,,(# $"!)**+'%'=+(-51:%$)(#!)!,'( (!#,!)$#'9,.'n$,B*+'> #%+#%3-%'8nKQ51;$)$$%*)-,'#:'# %(##)-'$,'-*%$(!'+(%$. ,.''%./?;"'"--!%''*!)-)+)$(! '(%.%$.,('((%',%**%+"-(() 3!*)!!%(#(%+$,'((%'(%+-$-'%')$(# $)$$%*)-,'#+"'-!.#)-'

PAGE 49

$,'-*%$(!'+(%)$'%$(!),"+'%$."-!%(%$()( #'#3(!%=n&$%*%(%''"++''*"(#-!.#)-'$,'-*%$(!'+(%)$'+$,,,,% (%)$-&!%(%)$':%$)(#!)!,' &!%(%)$'%(#$)+-%$%+-'%.$%*%+$+;%$()(# ),-1#,%0 #',)$'(!((#,%**!$+'($$%*)-, $,$)$$%*)-, '#'#$)$$%*)-,'##''-*%$(!'+(%$. ,.'$,#)-'#'+)3-%+( !%(#(%+$,'((%'(%+-)3!(%)$'$,-') ,,"$$,,&!%(%)$'()(#),/"7&#). < /"7&#). -* %$(!'+(%$. n,.'$,!.#)

PAGE 50

) "#"/. (# ((%'(%+-),-')*'#3+)$'%'()*()+)3)$$ ('8(#'((%'(%+-$'#3 $,3((!$')*&!%(%)$'!)"$,(#'((%'(%+$'#3',)$(#'() +)3)$$('+$,'+!%$"$'$'#3,,%$ .(#+)$(!%"(%)$)*(#-%%(, $"!)*(#3((!$')*&!%(%)$'()(#'((%'( %+-$'#3((%'(%+-),-')* '#3+$3-+,%$()()+(.)!%'8((%'(%+-#3),-':;#%+#,'+!%'&! .'#3().(#!%(#%$),' )*&!%(%)$' ((%'(%+-33!$+),-':;#%+#,'+!%' (#&!.,$'%()!(=("! ,%'(!%"(%)$().(#!%(#(#%$),')*&!%( %)$' #A)!%()*(#33-%+(%)$'!&%,%$(#%' !(%+-!',)$$,(#%-*)!'(!)$.*)+"'*)!(#!%$,!)*(#!(%+)$'(!"+(%)$)*((%'(%+-'#3),)'((#'(.*)!(#%'!&%'(!(%(#' --=3-(),!%& '((%'(%+-'#3),-()!3!'$((#'#3')* )$'#(!%$%$.'(')*'#3'#& '"**%+%$(--!.&!%(%)$'!*-+(,%$%./ B#(!%$%$.'('!'.$(, *!)/r,%+-'-%+$,+#)$%'!3!'$(, '()*,%**!$($"!3)%$(' :'%'"'"--(#+';(#(%+-!3!'$( (%)$*)!+#)*(#3)%$('#3%$ Q/,%$'%)$+)"-,()+)$+($(+#,%$'%) $%$() &+()! %$+(#$"!)*3)%$(',%**!*)!+#'#3 8 #35:$3)%$(';+$=3!'','8#$#%&#'&(&#)&*%&*'&(&*),-#3/:33)%$(';+$!3!'$(,'8

PAGE 51

#$#%&#'&(�&*%&*'&(&*0,-#3?:'3)%$(';+$-')=3!'','8#$#%&#'&(&#&*%&*'&(&*,-n(+ #%%'()+)$'(!"+(),-#%+#,'+!%' '( "). (# $, '( " > !"' :3((!$')*&!%(%)$;)"((#(3%+-'#3"' %$.(#%./B'(#(!%$%$. '(1#,%5 !%$%$.'()*//)$'!3!'$(,'/r3)%$(' (n+#)$#',%**!$( $"!)*3)%$('$+),%$.(#'#3$,)!%$(,%$ (#%!)$+))!,%$(3-$ #3-%.$$( $)!,!())(%$(!"'#3!3!'$((%)$-)+ (%)$'+-$,!)((%)$**+(' +!)''(#(!%$%$.'('$,()*%-(!,)"( #%'-')$'"!'(#((#),-%'' '3+%*%+:()(#"$,!-%$.3(#)-).;'3)''%%&!%(%)$'#%+##&$)+-%$%+'%.$%*%+$+!!)&,#%'%'+!!%,)"(' (-%'#%$.+))$!*!$+()#%+# --'#3'!-%.$,!$'-(%)$%'!)&,3 )'%(%)$%$.(#'#3'')(#((#%!

PAGE 52

+$(!)%,%'((#)!%.%$!)((%)$%'!)&," '%$.(#$$.-()(#+$(!)%,' !*!$+$,'+-%$.%'!)&,$)!-%<%$.(# '#3'#%'-%.$$(%'-')+--, !%.%,!.%'(!(%)$+"'(#()3).!3#%+-,() !$"!)*3)%$(':)!&!(%+';)*(# (!%$%$.'(%'-*("$+#$.,*(!(#-%.$$( :%./1; nrrn #)'(3)3"-!!.%'(!(%)$(#),%$+)$'(!" +(%)$%'(#.$!-%<, !)+!"'('-%.$$(:;,'+!%,)!( -:5261;$,)),--(-:5225; $-% '($,!,!)+!"'('#%+#%$%%<'(#$ '4"!,,%'($+($() '#3'"'%$.$-(%+-(#),'%'$%(!(%& 3!)+''#%+#-%.$'.!)"3')*'#3' # ()(#%!$ #1 #-%%((%)$%$%'(#(%(!4"%!'()'# 3'()#&(#' $"!)*&!(%+'%'33-%,%$!+$('(",% '%$)!(#)3,%+'#3$-'%':!!%' /05?>"!(/051; 1#,%6 #'#3'-%.$,()+))$+))!,%$(--(#'% %-!%((!$'*)!(%)$' !!)&, )!'(-(+#$%4"'!"(%-%<,%$!+$(-%(! ("!'#'!(!(%& +-)''(3)%$(:;:'-522/;%(#'+-%$. :r"/006;"-(%&%.%'(!(%)$

PAGE 53

:!%'#$$/006;$,%!'(!,!n--%3')%,:!+#R #-!5221;-//'"!%<'(#' 33!)+#' !"#,%, %.%,.%'(!(%)$33!)+#' 1#1) 3 33-%+(%)$ )$(' '# !,%)3"-)$! !(#)3,%+ -%.$'()'#3'%(#,%**!$($"! )*&!(%+' r)'$)(#$,-'+-%$.&!-%(#'+-%$. '# !,%)3"-)$! !(#)3,%+ $+)!3)!(''+-%$."( $4"-!!)!,%'(!%"(%)$ "-(%&% .%'(!(%)$ '# !,%)3"-)$! !(#)3,%+ -%.$"-(%3-?r3)%$('( 3!,!!)!&$-)&!(#(!%$%$.'( %!'(!,! n--%3')%,:n; !%$'(!"+("!' 3+%*%+--*)!!3!'$((%)$ !%$'(#(#),)*+#)%+*)!!+$('(",%' %$'((%'(%+-'#3$-'%' :&$,%''$/050>,)%/051>!!((/00C> )/05?>S#"/055>).!/051> !$/050;$','((%'(%+-'#3$ -'%'n%'-')3!)%$$(*)! -%.$%$.!%$'(!"+("!':!%./005:;>!%. /005:;; 3-('!*!$+'#3 $)(#!3!)-"'"--$+)"$(!%$$-'% '%'(#((#$"!)* &!(%+')*(#'#3'%'$)((#'+!)''(#( !%$%$.'(@+$$)(+)3! 4"%&-$(3)%$('+!)''(!%$%$.'(>'((%'(%+' $,(!%=)3!(%)$'+$$)(3!*)!, )$(#'#3'(%--,"$(%$.(' ()''%.$ &!(%+'() "3*)!(#'#3'%(# *&!(%+''3+%--#$(#(!%$%$.'(%'?r ')-"(%)$()(#%'3!)-()+!( (3-()!!*!$+'#3*!)(#(!%$%$.'( #%'!*!$+'#3%--'!&'$ (-'#!3)%$('!'3+%*%,+!)''(#(!%$%$ .'(

PAGE 54

#%'+$,)$+#))'%$.$!%(!!'#3*!) (#(!%$%$.'(()'!&' !*!$+)&!'%$.-$()+$$)(*%(#*" --!3!'$((#+)3-='(!"+("!&!%%-%(($%$,%&%,"-':'3+%--%$+!, %+$,!%$'(!"+("!'#%+#"$,!.)' )(#-)+-$,.-)-,*)!(%)$';''"+#(#& !%(%)$'+)3"(,*!)(#(!%$%$. '(%--%',()!,')$'#3$,,*%+%$( %$)(#!':!,'/006>#)3')$ 5226;nnn )!+)3-=33!)+#'',)$-!.,*)!(%)$, %**))!3#%+(!%+ 33%$.:rr;!!+$(-3!)3)',:-/?; rr!'"%(-*)!+!(%$. (3-(#%+#+$,'+!%(#&!%%-%(%$#%.# -+)$&)-"(,:!%$'(!"+("!';$, #%.#-,*)!-:+!,%)3"-)$!'(!"+("!;)!.$ '#(3-(%'-') $)$' ) ) "&# ). (#% !"#,%0 8,&$+'%$(3(+)3"(%$.33!)+#' #.?# 4"%!' 33-%+(%)$ rr: I) '#% /00B ; )-"(!%+%. !%$'(!"+("!' D '"+)!(%+-+)!(%+&$(!%+-' rr: r"!!-$/002 ; )%$( +-)",K)%$( '( !,%)3"-)$! D !%.#($,-*( &$(!%+-3"-)$!!(!%' &!.%$.(! (%& +#$%':!,'/006; )-"(!%+%. )$'(!"+("!' !%)!()(#%$(!),"+(%)$)*(#rr33!)+#'% --"'(!(,%$-/?-%$! &!.%$.'3!&%)"'-3!)3)',!$.%(:/00/;%$'#3$-'%')*+!,%+ '(!"+("!'!,'(-:/006;%$+)!3)!(,%(! (%)$'%$()(#%''+##3!)%(#(#'&!.%$.'+#'%'(#((#'(%(, (3-($)(*"--,'+!%(# -)+-,*)!(%)$'%$+!,%+'(!"+("!'#!*)! (#''+#'!!(#!'"%(-*)!

PAGE 55

n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

PAGE 56

*!$+#%'3!)+''%'!3(,+!)''(#(!% $%$.'(n&$("--)(%$$ '()*'#3'#%+#!!(#!,*)!,*!$+( )(#)!%.%$-(!%$%$.'(#&%$.(# '$"!)*3)%$(')!&!(%+''(#*!$+ #%'$'()*'#3'%'-')+--, ,*)!(%)$'#!3%$.3!)+''%'+--,$)$!%. %,!.%'(!(%)$+"'3)%$(')! &!(%+')$(#)!%.%$-(!%$%$.'('!,A"'(, :!,"+,)!%$+!';()(#$"!)* 3)%$(')$(#!*!$+)!(3-($=3-)* $)$!%.%,!.%'(!(%)$)*(3-(() -%&!(!.(3)%$(+-)",%''#)$%$(#%./6 (%'$)3)''%-()+)3!4"%&-$( 3)%$('+!)''(#(!%$%$.'(),-%$.(#%!& !%(%)$1#,%9 8(3'%$&)-&,$)$!%.%,!.%'(!(%)$)*-%&!*! )(3-(:(!.(;() (!.(3)%$(+-)",:$./05/;nrrn #$)$!%.%,!.%'(!(%)$,'+!%,)&%'', )$3!(!%+(#),'%$ #%+#3)%$(()3)%$(+)!!'3)$,$+($%$3"(' #3'%'!4"%!$(+$($)&-$)$3!(!%+$)$!%.%,!.%'(!(%)$(#(,) '$)(!-)$$3!%)!-$,! %$.%' %$(!),"+,:%--$(/001>r"!!-$/006;$,& $33-%,%$+!,%+'(!"+("!' :$'%/002>$'%/055>)$!,%/055; $%$(!'(%$.+)3!%')$)*'($,!,$)$!%.%,!. %'(!(%)$(+#$%4"'+$ *)"$,%$:-%$/002;)!!+$(!&%+$ *)"$,%$! -A(-:/05/;$, %$$(-:/002;,,%(%)$-!&%+$-') *)"$,%$r&%'(-:/050;

PAGE 57

-/B'"!%<,)'((#'33!)+#'$,!+) $,'(!"+("!'#!(# (+#$%4"'!)'(33!)3!%(',)$+)$(3)! !-%(!("!')$'((%'(%+-'#3 $-'%' !"#,%5 8 )$ !%.%,!.%'(!(%)$-.)!%(#' (( . *!$+ 3 +)$,,(!"+("! rr :'($,!, "-(% !$-"-(%!')-"(%)$; ($,!,: . /001; )-" () &)-" !,%+'(!"+("! "-(% !$-: %'' /055; )-" () )-" )!(%+(!"+("! "-(%!')-"(%)$:$( -/051; '# () '# )!(%+-'(!"+("! r ($!( :/009; '# () '# "+)!(%+-!%$ n$(!)3 ', (' ( :/009/006; '# () '# )$' '(!"+("!' )#!$()%$(r!%*( !)$$ ) (:/050; '# () '# !,%+$,)$' ! *)! r*)!(%)$ "+ !( (:5222; )-" () )-" !,%+ $,)$' r%**))!3#%+:rr;!.%'(!(%)$#'.%$,-!. %$(!'(%$(#3'(50!' *)*(#%$+-",'($,!,"-(% !$-$," -(%!')-"(%)$"-(% !$-$, "-(%!')-"(%)$!!+)$,,*)!+)!(%+-'(!"+( "!',"()%('+)$&)-"(,*)-,%$. 3((!$'($,!,rr%'!+)$,,*)!+!,%+ '(!"+("!',"()-!.&!%(%)$'

PAGE 58

r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r%'(!%"(%)$),-N:))('522?;

PAGE 59

1#,%: 8;$'#3)*(#)$'%(#3((!$')*&!% (%)$'3-)((,!)"$,%(; @#$(#*%!'(()),')*&!%(%)$'!&!%, !)"$,(#$)$'#3+!(%$ !.%)$':'#)$(#!!);!,*)!, n+#)*(# ,*)!(%)$'+)$'%'(')* . 3)%$('#%+#+$!3!'$(,'8 #$#%&#'&(&#)&*%&*'&(&*),:/5;@'(%((#$)*(#$(%! ,*)!(%)$''8 2 " 34" 526 7 68" ://; @+$"'(#$()+)3"((#+)&!%$+(!% =#%+##)-,'(# #" ($(#3)%$('%(#%$(#3)%$(+-)",'#+)& !%$+(!%=:)*(#$(%! ,*)!(%)$;%'+)3"(,'89 " 34" 5:2642 ;:2642 ;< 7 68" :/?;

PAGE 60

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n4:B;%$--%$)!,! () (#),-''3+%*%+()(#"$,!-%$.3( #)-).33-(#-%%(' JKL>() (#3!(! M>#%'$'"!'(#((#'#3.$!(,*!)(#) ,-%''%%-!() (#)'%$(#)!%.%$-(!%$%$.'( ),')*#3r*)!(%)$ #3!&%)"''+(%)$,+)3)''(#,*)!(%)$%$( )%$,3$,$(&+()!'(#( +)$(!%"((#&!%(%)$%(#%$(#,*)!(%)$( (#$'-+(',)%$$(&+()!' (#.!('(+)$(!%"(%)$:'2CF;()(#$(%!& !%(%)$&!%$.(#'#3 3!(!($ J '($,!,,&%(%)$':r;+$.$!('#3'#% +#!

PAGE 61

'%%-!()(#(!%$%$.'(%."!/C'#)'(# **+(()&!%$.+#)*(#*%!'(() )$),-'#33!(!'%$("!$($ J r nn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

PAGE 62

*)"$,#!:"-/009;)3!%')$($ $,+$-')*)"$,#! :!$.%/00?;

PAGE 63

) "((# ##"*+ ((%'(%+-33!$+),-3!)&%,'%$*)!(%)$! .!,%$.(#&!.(=("!)! ,$'%(,%'(!%"(%)$'--'3((!$')*&!%(% )$!)"$,(#$&-"'%' .$!(,+3("!%$.%$*)!(%)$!-(,()3%=%$($'%(%'%(#%$(#(!%$%$.'( %%-!(),'+!%,)&(#,$'%(K(=("! ,%'(!%"(%)$*)!&!)(#!%$'($+ %$(#(!%$%$.'( N NN GI3O3 :/9; #3!(! N %'(#&!.,$'%(,%'(!%"(%)$ O3,'+!%'(#3((!$')* &!%(%)$!)"$,(#&!.,$'%($, I3%'(#&+()!(#(,'+!%'(#+)$(!%"(%)$' )*),')*&!%(%)$%$(#,$'%()!(=("!,%'( !%"(%)$)!)!%$*)!(%)$!,!' !,&%',()!*!()%$$(-:/002;

PAGE 64

1)#)& 1#) $+(#!+)$'(!"+(,(#!%$%$.'3+( %'()(+#(#),-'() $'()*%.'#%'%',)$*%$,%$.&-"' %$n4:/1;'"+#(#((#,%**!$+' ($(#'#3!3!'$(,(#+)$'(!"+(, $,(#'#3!3!'$(,(# $%.!%$%%<,(#!)".#,A"'(%$.)!)3(%% <%$.(#&-"' #+$-')*%((,%$%%<%$.(#,%**! $+'($(#'#3$, (=("!)!,$'%(,%'(!%"(%)$!3!'$(,(# $,(#+)!!'3)$,%$.'#3$, (=("!K,$'%(,%'(!%"(%)$!3!'$(,(#$ %.(#!)".#,A"'(%$. I3&+()!'%$ n4:/9; +(%),-:;%'(!,%(%)$--"',()* %()$()$%.' %%-!-+(%&33!$+),-:;%'(!,%(% )$--"',()*%("$()$%.' 1#,%;*+ #$'#3$,(#*%!'((#!),')*&!%(% )$)*(##%3),&!%$.($U?$,V?'($,!,,&%(%)$':W; *+ %((%$.?r%(#rG'+$ :@#%(!'#/05/;

PAGE 65

n %."!/2'#)'(#)*#%3)$$,(#,%**! $('(3'%$&)-&,%$(+#%$.$ %$'($+)*(#),-()rG'+$%!'(,%.%(-!+)$'(!"+(,!,%).!3#:r;%' .$!(,3!)A+(%$.$%$'($+)*(#?r'((% '(%+-'#3$,33!$+),#.$!(,r%'(#$+)3!,%(#(#rG'+ $#3!(!')*(#'((%'(%+'#3$,33!$+),-!,A"'(,'"+#(#(( #/r3!)A+(%)$)*(#),%$'($+(+#'(#rG'+$'--'3)''%-: ! $/05B;

PAGE 66

" "((" )/ ) "#"/. (# $(#%''+(%)$3!'$((#33-%+(%)$')*'(( %'(%+-),-'#%+#!!-&$( ()(#''''$()*+!,%)3"-)$!$"!)$()%+ -)!(#)3,%+$,')*((%''" '(!"+("!'@)$-!&%33!'#%+#'((!)!-,3!)-'')-&-%(#$, 33-%+(%)$')$,%+-'.$((%)$!$)(! &%,%$(#%'!(%+->!,!'! !*!!,()%$$(-:/002;#33-%+(%)$ '!)!.$%<,%$()!'3)$'() %)! !'+)3"(!%,,,%.$)'(%+''"!.%+-3$$%$.%3-$(,'%.$'$, %)+#$%+')*)$'(!"+("!'n&-"(%)$)*'#3',!'3)$'()%)! !' $(#3!&%)"''+(%)$!&%,(#"(%-%()* %$'**+(%& 33!)+#%$%,$(%*%$.,)%$$('#3,*)!(%)$' %$3(#)-).%+-$,&$#-(# 3)3"-(%)$*(#''#3,*)!(%)$'+)!!-( %(#*"$+(%)$-! !'+-%$%+--"', ()&-"((#"$,!-%$.3(#)-).(#$(#'$' %(%&%()*(#''#3+#$.'()(# *"$+(%)$-! !'%'#%.#&!%$.(#'#33 !(!':!*!()n4/B;%(%' 3)''%-()3'#3',!'3)$'()+#$.'%$ (#''$'%(%&! !'#''#3 +#$.'#%+#!*-+(+#$.'%$#),$%+ ! !'+$3!)&%,%$'%.#(%$()!%)+#$%+')*(#)!.$,'*"$+(%)$#%'%'(# )(%&(%)$)*$"!)"'%$&'(%.()!' #)3!&%)"'-33-%,()!-(,'#3+#$.' %$*"$+(%)$-! !'%$ +!,%)3"-)$!$"!)$()%+-$,)!(#)3,%+'(! "+("!' nn $('%(-:/002;3-),()!-('# 3+#$.'()*"$+(%)$! !')*(!-).)*--)(:);',)$(# 3)3"-(%)$)*B2)3(%$('(# )(%$,'#3+#$.''"+#'(#-)$.(%)$)*(# (!%+"'3%,&-&,%-(%)$$,"-.%$.

PAGE 67

((#)"(-(#%+#!'$'%(%&()! !')*) +)%$%$.*)--), 3!(%--'('4"!:;!.!''%)$)*'#3+#$ .'%(#! !')*)(#,!%&, .!)(#),-#%+#+)"-,%,+-%$%+%$'%$3!,%+(% $.)3(%-(%*)!'"!.%+%$(!&$(%)$%$(#)3(%$(3)3"-(%)$%$+( #$$"!)"'%$&'(%.()!'#&-') ((3(,)$"$,!!3%!,):)$!,%/ 05?;)!("$,!!3%!,)!(%+ +)!+((%)$:!"'/059;"$,!(!$'3)'%(%)$) *.!(!(!%':!"'/059;$,(# !)$+#%(!"$,!+'(%+*%!)'%':"3#!%'/059 ;!"'(-:/059;33-%,)$ 523(%$('"$,!.)%$.!3%!,)!(%++)!+((%)$ $,(#'"++''*"--,%**!$(%( '#3')*(#)!('')+%(,%(#3(%$('%(#)A+(%)$*!+(%)$:n;&'3(%$(' %(##%.#n:'%."!/50; 1#,%$@ 8#3')*(#)!('')+%(,%(#3(%$('%(# #%.#n&'3(%$('%(# -)n:!"'/059;

PAGE 68

r ##'-')$"(%-%<,()$-<-)+-,* )!(%)$')*+!,%)3"-)$! '(!"+("!'%$&!%)"'3(#)-).%')!%$'($+) '+#(-:/001;$,"%$'%3"(!( -:/002;4"$(%*%,(#!.%)$---)(%)$$) !-%(%':@;)*(#)+!,%" %(#(#%''#3$-'%'(+#$%4"@#%-)'+#( -"(%-%<,%$(#%!33!)+# "%$'%3"(!$,+)--."'!(#!3-),: #%+#%')!)3(%-*)!-)+4"$(%*%+(%)$;(),!%& --)(%)$,*)!(% )$'%$B13(%$('%(#%'+#%+#!( +)%$%$.%(#(#!-()"() ((#-)+-%<(%)$)*$)!-+)$(!+(%$.!.%)$')*(##!("+#$"()(, ())-',)$-%%$((# %$(!)'!&!$,%$(!)'!&!&!%%-%($,' "A+(%&%(%$(#@ nnn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

PAGE 69

+)$*%!,#$(-:/05/;#)3-),* ),''3!,%+()!'() ,%'+!%%$(($-<#%!J',%'':r;$,+ )$(!)-'#3'#)".#.-),'+!%3(%)$)*'"+)!(%+-'#3'-)) '3!)%'%$. !.%)$--'3+%*%+33!)+#!&-' )!'"(-'#3*("!':-)+-,*)!(%)$';" +#%$*)!(%)$3!)&%,%$'%.#( %$()(#+)$&!'%)$)*%-,+).$%(%&%3%!$(() -<#%!J'#%''(#,!%&%$. *)!+#%$,(#'(",%'X%"(-:/002;" $.(-:/050;$,!!,%$(:/050;X%"(-:/002;"(%-%<,)!#%!!+#%+ -33!)+#',)$()'''' %,!$.)*'"+)!(%+-!%$'(!"+("!'#) (%$,'#3,*)!(%)$')*!%$ !.%)$'#%+#+)"-,3!,%+((!$'%(%)$)*%-,+).$ %(%&%3%!$(:;()r#%! !'"-('!+)$*%!,!!,%$(-:/050;#) !(#!"',','#3 !3!'$((%)$%$()+-''%*#%33)+3-'#3 "$,!.)%$.&'r(",%' "$.(-:/050;-')'"..'(,(#(',# %33)+3-K&$(!%+"-!'"!' )"(3!*)!+"!!$(+-%$%+-''''$('*)!,(+(% $.!-)$'()*r$,-')*)! 3!,%+(%$.%('%%$$()$'(%$#%.#!%' .!)"3' '"+#'(#)'%(#%-,+).$%(%& %3%!$($,,%(%)$()(#''(",%')(#!%$& '(%.()!':@$./006>$./05B; #&"(%-%<,())(%$"'*"-+-''%*%+(%)$' ($r$,+)$(!)-' $)(#!$"!),.$!(%&,%'')!(#$(%)$%$. %'+#%<)3#!$%#$.%$ '(!)*!%$'(!"+("!'%'"','%)! ! ()'''''+#%<)3#!$%3(%$(' '(!%',*%$,&%(#%$(!#%'3#!3-$ )*'"+)!(%+-'(!"+("!')! =3-(#!%.#(#%33)+3"'+$%!!)!,((#% '3-$()'''',%**!$+'%$ 3(%$('$,+)$(!)-''%$.#$()$(-: /00/;*)"$,(#((#.,#%33)+3-'(!''%.$%*%+$(--!.!%$3 (%$('%(#+#%<)3#!$%(#$ +)$(!)-$)!+)3!#$'%&$-'%'%( -:/00/;3-),'(! '"!'&%(),)$'(!(,%**!$+'%$' (!)*!%.#($,-*(#%33)+3#%'3#!%$'+#%<)3#!$%&!'"'+)$(!)-'%,' (##%33)+3"'!%$'(!"+("!

PAGE 70

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

PAGE 71

)3"(!%,,r%.$)'%':r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n nn! nn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

PAGE 72

"!.%+--$$%$.$,%"-(%)$ )3"(!%<,&%'"-%<(%)$)*?r3(%$(,(),'!"',*)!(#3"!3)')* ."%,%$.'"!.!#'),-'!"'"--+4"%!, *!)%.%$.(+#$%4"'#%+#! =(!-+)'(-:=8;$,-')3)'#-(## S#$./009;)&!+)$'(!"+(%$. ?r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
PAGE 73

nn ##'-')$"(%-%<,(),&-)3!-%'(%+ 3(%$('3+%*%+$()%+),-')*(#!)$+#%(!!,%(%)$--'(!+( )!%,-%<,),-')*(#%!'! "',%$!)$+#)'+)3'%"-()!'#'),-'!" '*"-*)!+4"%!%$.'%+3'+#))()! ' %--'"((#%!&-"*)!,&$+,' %--''''' $(%'4"'(%)$-,"()(#-+ )* 3(%$('3+%*%+3!+3("-!-%':r-%.%$$%/0 09-"+ /005;"(%-%<%$.)$ %.')*(#%!'r-%.%$$%(-:/009 ;*)"$,(#(%(%'3)''%-().$!( 3#)()!-%'(%+),-'(#(--)#%.#*%,-%(3( %$('3+%*%+!)$+#)'+)3'%"-(%)$ #),')*&!%(%)$')*(#%!'!'#)$%$ %./55 1#,%$$ !%$+%3-),)*&!%(%)$')*(#!)$+#%(! ,!$$,-"'#' +)!!'3)$,()&!%$. 4 P L% 0 G P L% *!)(#$'#3:r-%.%$$%/009; "!.%+-&%!("-!-%("(%-%<+)3"(!'().$! ($$&%!)$$()*'"!.%+!-&$+',)$+)3"((%)$-),-'%(##%+# #"$%$(!+("'%$.3#'%+!3!'$((%)$')*'"!.%+-%$'(!"$(':)"!/ 009;#)".#%3!)&$(#'$ ,)&!(#!'%$(#*%-,)*'"!.%+-'%"(%)$'%3)!($(4"'(%)$')"(

PAGE 74

4"$(%((%&''''$(')*%('**+('%''(%--)3 $ +)3)$$()*'"+#!),! &-"(%)$%'(#%-%(()3!)&%,,%**!$('"!. %+-'+$'%$&!(!%$%$.'''%)$ :%!!/009;')-"(%)$()(#%'3!)-%'() 3-)(),&-)3&!%(%)$')*#-(# $,3(#)-).%+-)!.$'$()*)!+#'''%)$ %!!(-:/009;3!'$(, *!)! *)!(#.$!(%)$)*&!%-),-')* (#"(!"'$()',)$*)! #%.#*%,-%(#'(!)'+)3'%"-()!3-$(r'%.$ nn"#nnnn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r&!%(%) $'%$$$"-"'.)(!

PAGE 75

n 1#,%$, 8#!),')*&!%(%)$%$$)!-$$"-!.)( !:+)-"$';'#)$*!) (#!,%**!$(&%3)%$(':!)';#!,+"!&%' (#$$$"-!'#3(#,! $, -%.#(-"+"!&'!U5$,U/'($,!,,&%(%)$' *!)(#$$,(#,! $,-%.#( .!$+"!&'!V5$,V/'($,!,,&%(%)$'*!) (#$-)$..%&$),)* '#3&!%(%)$)(%$,3!%$+%3-+)3)$$($ -'%':)"+#/05B; )"+#(-:/05B;3-),'((%'(%+-'#3$'%''33-%,() +#)+!,%).!3#%+%.')*/0$)!-%(!-&-&' #$-'%'+)"-,3!)&%, %$*)!(%)$*)!$.$!(%)$)*$$"-)3-'(!% $.,'%.$')!%$'($+--(# +"!!$($$"-)3-'(%+,'%.$'!$"*+("!,%$ !$.)*'%<'%(#--'%<' %$(%$%$.(#''#33-)%$.$-' %'(#$=(.$!(%)$)*',,'#3,$$"-)3-'(,&%+'+$+!(,%(#'" (-&!%(%)$':'!*-+(,%$%. /5/;%$'#3'!%$.'%<%$+!''#'"(-(% '%$$$"-)3-'(%+'#3'!&-, (#$-'%'+$3)''%-!,"+(#-*-('( !'''')+%(,%(#%3-$((%)$)*(# ,&%+:)"+#/05B;

PAGE 76

%$%(n-$(:n;),-'#&$"(%-%<,%$)! (#)3,%+$,)!(#)3,%+ %)+#$%+'(),'%.$3(%$('3+%*%+%3-$(')* )$'$,A)%$('n),-'*)! %3-$(,'%.$'!-%%(,%$()'%!'((# +)$&$(%)$-3!)+''*)!,&-)3%$. %$,%&%,"-%<,n),-'!',)$$"-)!"( )(,'.$((%)$)*%(#!?r)! /r%.)(%$,*!)%$,%&%,"-3(%$('#%'%' '-)$,(%+)$'"%$.3!)+'' :! $/05B;+)$,,"()(#'%.$%*%+$(& !%(%)$'%$)$.)(!$,)$ 4"-%()$.,%**!$('"A+('(#3!*)!$+) *(#n),-'*)!%3-$(',%**!' *!)'"A+(()'"A+(#!')*'#3&!%% -%(!$)(+)$'%,!,%$n),-' #+$+)%$%(#n),-'()"()((# ,'%.$)*(#%3-$('$, -')%,$(%*)$&!%(%)$':!-/05/;,'% .$%$.33!)3!%(-'#3,$,'%<, %3-$('!$((-"(%-%<,+)%$,$, n),-'().$!(&!%(%)$')* )$'#3$,'%<'#%+#%$+)!3)!((!%-3!) 3!(%'#+)%$,3!)+'' :!*-+(,%$%.5?;$-'-!.!+)%$(%)$' )*!-%'(%+&!%(%)$'%$*)!$()$,(!%-+#!+(!%'(%+'()"',%$ +)3"((%)$-'(",%'(#$%'+"!!$(*'%-:!$(/002;

PAGE 77

1#,%$0 8)%$,$,n),-')**"!*)!)!(#)3,% +%3-$()(! $,(!%-3!)3!(+#$.'%(#*%!'((#!), '&!%,($ZZ?'($,!, ,&%(%)$':!$/002;%)+#$%+'$,%$(%+')*)$(!"+("!' #n%&' +#$%'')*)$)!-%.$()"'%$A"!%$(#'3% $)!)(#!"'+"-)' -('(!"+("!'#&$%$&'(%.(,"'%$.*%$%($(),-%$.+))$())-)* '(!"+("!-$-'(':!,$$!/05B;%$%($(),-')*(#'3%$)!'3%$)(%)$'.$(')*($3-).$!-%<,$()%+.)(!#!(#)!3#)-).)* '3%$-+)3)$$('%','+!%,',)$'3+%*%+ '()*%.%$.,(%$%(#!$ =3-%+%()!%,-%<,$$!:--$/050;) &!(#'),-',)$)(--)*)! %$&'(%.(%)$)*(#*"--!$.)***+(')*&!% (%)$%$&!(!-$,'3%$-'.$( )!%$((%)$$,.)(!$,(#%$*-"$+)*.) (!%+-*+()!')$(#+#$%+#&%)!)*(#'3%$:&%--/002;+)%$%$. %(#*%$%(-$(),-%$.

PAGE 78

r 33!)+#'%$&'(%.(%)$)*-),%$.#&%)!' --'*"--!$.)*)!3#)-).%+&!%%-%(%(#%$(#),-'(+$,'+!%, +$(-!,$$!(-:/05B;"(%-%<,+) %$,),-+)$'%'(%$.)* $,3!(!%+*%$%(-$(),-(),'+!%( #,%**!$+'%$+!&%+-&!(!)!3#)-).'3%$-+"!&("!$,&!%(%)$%$( !%-3!)3!(%')*(#+!&%+-'3%$ #+)$'(!"+(,(#*!)*%&:1;+,&!+!& %+-:?5;'3%$,(!-(%$. (#&!%(%)$'%$+!&%+-'3%$.)(!()(#+ !&%+-(!%-3!)3!(%'$,+!&%+%$(%+'(#)'!&,(#((#+)%$,),-3 !)&%,)!%$'%.#(%$()'3%$%$A"!$,#-3()%(%.((#!%' ')*%$A"! %$(#'3%$$,)(#!"'+"-)' -('(!"+("!':!,$$!(-/05B;(%)n #'"'+3(%%-%()*)$()*!+("!%',(!%$ ,%('%)+#$%+-'(!$.(# #%)+#$%+-'(!$.(#)*(#)$%'%$("!$, (!%$,(#(!%-)*#%+#(# )$%'+)3)',)*$,(#,%'(!%"(%)$$,)!.$% <(%)$)*(#%'(!%-:)!(((/005;)"(90F)*(#&!%$+%$(#)++"!!$+ )*)$$,#%3*!+("!%'=3-%$, -)%$!-,$'%('!'"-()*)'()3)!)'%' #%-%(()((!3!,%+(%$+%,$( #%3*!+("!'+)"-,-,()%$(!&$(%)$'(#()",3!&$()!,-(#)++"!!$+)* '"+#*!+("!'$,(#%!'%.$%*%+$('')+%(,)! %,%(: !%$/055; !-)$%$!-,$'%(:r.K QR';'"!,,"-$!.G! ')!3(%)(!:rG;%'$'(-%'#,+-%$%+-+!% (!%)$%$(#,%.$)'%')*)'()3)!)'%' :)),!/05?>@#%(!'#/05/;!&%)"'-! .)!$,+)--."':!.)!/00C; ,)$'(!(,(#((#'#3)*(##%3)$,(!% $'#)+#$%+-*)!+'! ,%'(!%"(,,"!%$.*--'$(#%!3!&%)"''(", !.)!$,+)--."'*)"$,(#((# ,,%(%)$)*3!)=%-*"!'#3()r!'"-(,%$ 20F,%'+!%%$()!++"!+)*

PAGE 79

n *!+("!3!,%+(%)$+)3!,%(#C/F++"!+"'%$ .r-)$:!.)!/00B;$ $)(#!'(",+ $,+)--."':+ 5220;!3 )!(,(#((#'(!$.(#)*(# 3!)=%-*"!'((!3!,%+(,)$.)(! (#$r-)$#%.#-%.#(%$. (#%3)!($+)*#%3'#3%$,(!%$%$.*!+("! !%' #%-%((),(!%$3!)=%-*"!'#3#' $,&$+,(# ,&-)3$()*)),!(-:/05?;3-) ,'((%'(%+-'#3$,33!$+ ),-'()+3("!'#3$,(=("!%$*)!(%)$%(# %$(#*)!-#,$,$+ # '"..'(,(#((#),')*&!%(%)$)(%$,*!) $#$+(#3!,%+(%)$)*#%3 *!+("!#$(#!"',%$+)%$(%)$%(# r$!-(,'(", !%$ (-:/055;-')3-),+(%),-%$. :;#%+#%'*%((%$.-.)!%(#)* ()&-"((#!-(%)$'#%3($3!)=%-* )!-.)(!$,%$+%,$(#%3 *!+("!#+)3!,(#%!'(",%(#'"!$ (')*r-)$#)(%$, ((!,%'+!%%$(%)$)*%$+%,$(#%3*!+("!#$ 33!)+#'+)%$,%(#r +)3!,%(#r'"!$('-)$@#%(!'#( -:/055;!(#!3-), +)%$,)*?r'(!"+("!$,&)-"(!%+)$% $!-,$'%(:&r;33-%$. (#%!33!)+#()B?)'()3$%+$,'&$)'()3)!) (%+'"A+('(#%$,%+((#(&r +)%$,%(##'(#3)($(%-()%3!)&*!+ ("!!%' ''''$(>#%.#-%.#(%$.(# %3)!($+)*33!)+#%$(#*%-,)*)'()3)! )'%' n (#'$+)$&$(%)$---%&,(#(,.$!(% )$)*#-%$!(%+"-!+!(%-. %'(#%$%(%(%$.*+()!)*)'()!(#!%(%':;: -')$/00B;$,(#+#$.'%$)$' !(#!)++"!*(!!,',"()(#-(!,%)+# $%+')*(#A)%$()&!%(%'$) "$,!'()),(#((#+#$.'%$)$-')3-% 3)!($(!)-'%$(#)$'($, 3!).!''%)$)*:! $/05B;!(%$3((! $')**)!-#,$+ $,'#*(

PAGE 80

n $.-'!3)($(%-!%' *+()!'*)!(#,&-)3 $()*$+-%$%+-3!+(%+(# .)(!)*(#')$'!4"$(%*%,"'%$.'"! ''"+#'$.-')$!,%)-).%+%.')&!+)3-=?r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

PAGE 81

n '#3#%!,'+!%,&!%(%)$'%$*)!-) !3#)-).(#(+)!!'3)$,,--%(# !'3!)$()!$)(#!%3)!($(33-%+(%)$)*%','+!%, #$(-:/05?;%$() 3,%(!%+,%')!,!'$-..-&!(#',%' ':r;$,'-%33,+3%(-*)!3%3#'%':n;#"(%-%<,?r()4"$(%* (##%3A)%$('#3%$3(%$(')*r n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

PAGE 82

n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n=($'%)$'() #&$,&-)3,"((# #&!+%&,-%((-(($(%)$$,!'"% (-*)!+!,%)3"-)$!$, )!(#)3,%+'(!"+("!'n%'!(#!'"%(-*)!$ "!)$()%+-'(!"+("!' $(3-('(%(%)$+#$%'rr#%+#"(%-% <',%**))!3#%'! '"%(-%$),-')*'3#!%+-:=8#%33)+3"'; +)$&)-"(,:=8+)!(%+-'(!"+("!'; (""-!:=8)!(;$,#%.#-+)3-%$('(!"+("!' '"+#'!%.#(&$(!%+-:;%$! &!.%$.$,%(!(%)$'!'"%(-*)!'(!"+("! '#%+#,)'$)("$,!.)+)$'%,!,*)!(%)$''"+#'(#' -(-'(!"+("!'#3 +)!!'3)$,$+%'(#+#--$.%$.('

PAGE 83

n %$?r'#3),-%$.$,-')(#A)!*+()!** +(%$.),-4"-%(3-(#)!)* 33!)+#'#&$3!)3)',%$"(*)*(# !33-%,%$!-)!-,+-%$%+'+$!%)'rr33!)+#'!!+)$,,*)!+)$ &)-"(,'(!"+("!''"+#'+)!(%+$,'"+)!(%+-!%$'(!"+("!'$,#%.#+)3-%$( )!.$''"+#'$,)(#!&'+"-! $,(""-!'(!"+("!'n$(!)3',33!)+#%'" (%-%<,%$)$'$,)!(#)3,%+ '(!"+("!'r%'-')"(%-%<,%$!%$'" +)!(%+-'(!"+("!' .!,%$.,%$'%)$-!,"+(%)$33!)+#%' *!(#)'(3)3"-!(#), *)!+)3"(%$.),')*&!%(%)$'%'!)"'(() %$3"(,(,%'(!%"(%)$'#)')$-%$!&!%(%)$'"(-&!%(%)$'$,3!("!(% )$'!!A+(,$),-')* !%$'(!"+("!'#%+#'#)'-)+-,*)!(%)$ '%'3!*!!,()!$:$)$-%$!;$,!)%-%'(%+#&-') $3!)3)',*)!),-!,"+(%)$"( (##&#!,-((!+(,(($(%)$*)!3)%$(' , )($(%-33-%+(%)$'$,"("!'!+# nn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

PAGE 84

n '%$.-&$(!%+"-!$)-%':%.-%&++/00? "/005;#'),-',)$)(3!)&%, +!,%+)!3"-)$!!),-%$.(#*)--)'*(!( #3!)+,"!'+$3!)&%, &!%(%)$')*!-%'(%+$!.+)$'!&%$.A"$+(%) $.)(!%'+$-')3'#3 ',!'3)$'()#),$%+'#%'!-(%)$'#%3+ $3!)&%,,,%(%)$-%$,%+()!')* '"!.%+-'"++'' #!!$3)($(%-33-%+(%)$'%$)!(#)3,%+ '(#(+$-')$*%(*!) $'"+#33-%+(%)$%'.!*(%$.)*-!.)$ ,*+(':%$ %!/005;?r 3!%$(%$.#'$-,(#3!),"+(%)$)*#%.#-3)!)" '3(%$('3+%*%+)$'"'(%("(' :&!%/05?;#)".#(#)'!+)$'%,!,3!)%'% $.%)(!%-'*)!)$'"'(%("(%)$ $++"!(!3!'$((%)$%'(#)$$()$, '().$!(,*)!%''%$. 3!()*(#)$+$$"*+("!,?r(+#$%4 "':! $/05B;+$ "',*)!+)3"(%$.(#)!%.%$-'#3)*(#)$n nnnn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

PAGE 85

nn ,+,+)3"((%)$-*-"%,,$%+'$,)(#!%$ '%-%+)),-'#&$3!)3)',() ),-(#*-)'(!"+("!%$(!+(%)$)*%,-%<,. )(!)*$"!':.#&$/000 /001>%--%$.!/00?>r%!(%$)/00?/005522C >%/001;#)".#(#'),-'#& '#)$'"'($(%-3!)%'%$+-+"-(%$.(#($'%'(!''$,'(!'',%'(!%"(%)$)$(# $"!'(#,)$)(3!,%+((#)!(%+!),-%$. *)!$,*(!'"!.%+%$(!&$(%)$*(!%$%(%-,(+(%)$)*$"!' +-%$%+%$'+$+)--+(*)--)"3,($, "%-,#%+#+)"-,33-%,()3!,%+(-)$.( !!),-%$.)*(#)!(# +$3'#3',!'3)$')*(#)!(()'(!'' +#$.'$,3!,%+()3(%-(%*)! '"!.%+-%$(!&$(%)$%%((%)$')* $)*(#+#!+(!%'(%+'#%+# '"%(+#)%+%'%(''(!%+(+)$'(!%$(' )$--)-'#3'r"()%(''(!%+(+)$'(!%$(' )**!!)"'(3!*)!$+'3+%-%$,'+!%%$.&!%%-%()*'(!"+("!'&$%$+' )*%.!(%*+('$,-)'%.$-() $)%'!(%))&!(#3!%+)*%('!)"'($''% '(#(+$)$-+3("!.-)-)!.$ ,*)!(%)$'@#$(#(!.('(!"+("!+)$'%'(')* -!.)"$()*$("!-&!%%-%( (#!!-'-)+-,*)!(%)$')!!$,)3!(" !(%)$'(#(+$$)(+3("!, ,4"(-.-)-,*)!(%)$),-'"',%$ :%$$/006;) %$&'(%.()!'#&=3$,,(#+3%-%(%')* 3-)%$.#!%,),+)$'%'(%$.)*$,)(#!),-'#%+#++)),( -)+-,*)!(%)$')!%$'($+ %$$(-+)%$,$,*!,*)!-$! .',),-:''52CC;# #!%,),-$'"!,.!(!,.!)**!,)())+-3!("!(%)$'%(#)"('+!%*%+%$. !)"'(+)$&!.$+)*$$)(#!33-%+(%)$ "!((-:/051;+)%$,'3!' )3(%%<(%)$(+#$%4"'%$()()),--)+-'# 3,*)!(%)$'33-%$.(# +)%$,),-)$//'+%(%+3(%$('%(#%$(!&! (!-,%'+:r;#!$%(%)$(# +)%$,),-%$*!!,'#3%$'($+'.-)--'% %-!()(!%$%$.,(#%-

PAGE 86

n 4"$(%*%$.'3+%*%+-)+-,*)!(%)$''"33)',3!'$(,"()3(#)-).:"!( /051;)$+-",%$.#)".#(' #'-!,$"',%$$!')*+!,%+ 3"-)$!$"!)-).%+-$, )!(#)3,%+!'!+#)&!--(#33-%+(%)$' !&%,%$(#%'!(%+-!*)! !'!+#3"!3)'?r#'$)($!3)!(,%$ $+-%$%+-3!+(%+$!')$*)! (#%'%'(#('%$+%('%$+3(%)$,3-)$(' (%--'"**!'*!)3%+-33!)+#:$ 33!)+##!+#(' %$(#+!(%)$!4"%! '$(%!-,%**!$(')*(!)! -.)!%(#()+!!)"(;+$(-$)3$')"!+* !)! $)$'((%'):R(#% /05/;#'$,&-)3,()'"33)!(--'#3),%$.(' '%$&)-&,%$+!(%)$ *!)),-"%-,%$.()'#3$-'%'+$(-3 !(%-)! *-))*),"-+--, &%!#'-')$%$+)!3)!(,%$()-%+! +)!+%-3!),"+('(#*"-)! *-)!.,%$())!+)!+%-3!),"+('(# !3!),"+%%-%()*%-$#$+,#%'%--%$+!'++3($+)*%$( #+-%$%+$,-,()%,!33-%+(%)$ $,$*%(

PAGE 87

n r rrnrnnn7rr rnr r .$((%)$%'(#,-%$(%)$)*(#!.%)$)!$ ()%+-'(!"+("!:';)*%$(!'( *!),%+-%.&)-"')!,('(#,%+&)-"(!%+,('('!)(%$, *!)'+$$!%.%$.''(':!*%.?5;:'"+ #'$,;#'%.%$. ''(''+$(#)!.$"$,!%$(!'('?r,('( !"+("!$,*%$--'&)-"(!%+ ,%+-*%-:=8r*)!(;#&)-"(!%+,( '('+)$'%'()*'(+ )*'-%+'n+# '-%+%'$!!)*+--'+--,&)=-':&)-"(!%+ 3%=-';:%.?/;>(#+--!3!'$(' %$($'%((3!(%+"-!-)+(%)$%$(#(%''"n +#&)=-#'+))!,%$(%$(#%. '3+8=8!)8+)-"$<8'-%+#%$*)!(%)$ )"('-%+'3+%$.'+$$! %$*)!(%)$3(%$($,3#'%+%$%$*)!(%)$! !+)!,,%$(#(,(1#0%$ #3!)+'')*+4"%'%(%)$)*,%+-%.&)-" ,('( +)$'(!"+(%)$ -.)!%(# r( !! (,( ?r.%+$$!8 !.$)*%$(!'(

PAGE 88

nr 1#0%, )3)'%(%)$)*%.,('($,%$($'%(!3!' $((%)$:"-/009; ($,!,*%-*)!('!"',()'()!(#,%+&)-"(!%+%.,($, (,(%$+)$'%'($(#*)!(',%**! (#(3)*%.'$,(#)"$( )*(,((#+$'()!#!+)$,,*)!( '(#(+3("!!%+#,($,( ,(!(#r:%$,"'(!'($,!,;$,%:! '!+#'($,!,; #,%+-%.&)-"'!$)!--%$(!)3!( %&$,3!)3!(%&,( #%$(!)3!(%&,(!$)!--'3!'%$$( "!$,!)(%$,*!)G!$,)! -(!')"$,%.%$.'+$$!'#3!)3!(%&,( !#%.#!')-"(%)$%$$("!$,! )(%$,*!).$(%+!')$$+%.%$.:;)!+ )3"(,()).!3#%+:;'+$$!' #%'!'!+#'(",%--*)+"')$3!)3!(%&&)"(!%+,('(' )(%&(%)$*)!.$((%)$$,+)$'(!"+(%)$ %'()!%+--''''$()*+!,%+)!3#)-).%$+ -%$%+-3!+(%+%'',)$ &%'"-%$'3+(%)$)*%$,%&%,"-(),%$'%)$-:/ r;'-%+')!'%3-'"!$()*/r %$,%+')*!.%)$)*%$(!'(:=8++$(!%+%(+)$ +$(!%+%((+;:!"'/059; )&!%.+4"%'%(%)$),-%(%'!+3-) *.$!(%$.-!.)"$()*,( n=%$%$.(#%$,%&%,"-/r%.'%(#%$?r,('( ()-)+($)!-%(%'+)3!,() #-(#+)$(!)-+$'(!$")"'$,(%+)$'"%$. #!*)!(#.)-)*'.$((%)$ $,)!.$!+)$'(!"+(%)$%'().$!(')-%,?r ),-)*(#)!.$)*%$(!'(#%'

PAGE 89

),-%'&!'()=%$$,+#!+(!%<$) !-%(%''"!&)-"'"!.%+3-$$%$.&%'"-%<$,%,$(%*'"(-!),-%$. (#$/r'-%+')*?r&)-"(!%+,('( .$((%)$)*$()%+'(!"+("!'+$,%&%,, %$()$"-'%"()(%+ $,"()(%+'.$((%)$#+#)%+)*'.$(( %)$,3$,')$(#)!.$)* %$(!'()!%$'($+'(!"+("!'-% (#!%.#(& $(!%+-!4"%!'%"()(%+$, $"-'.$((%)$,"()(#+)3-=(!%3!(%('( !"+("!$,+)3-%$+"$,! ,%**!$(#),$%++)$,%(%)$'n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

PAGE 90

#/ /1.7#"# )n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

PAGE 91

1#0%5 8B+#!&%)*(#$,'#)!(=%'&%# -"-%$%'+('(#%(!&-&)*(#$,A"$+(%)$#--)-%$% '+('(#$,A"$+(%)$ 5 < . &!#>#). 3)>#5. &!#>#

PAGE 92

7 1"## "& ''(# #) #+$-%((-,%**%+"-(()(!+$-% ( #-*(&$(!%+-#)'$()%' 3!,%+(-(#"$3!,%+(-"$,!+!( %$'%("(%)$'%$3,%(!%+# (--)'#)'(#&!%)"'%$'($+'#!(# -%((-,%**%+"-(()(!+$, 3!'$('(#++3(-)*%,$(%*%$.$,(!+ %$.(#)"(-%$)*(#'3+%-"$,!3"-)$!#3!($'%)$$(#'"'4"$('+ (%)$-)(#%'3!)()+)-%-*)--),()'.$($,!+)$'(!"+((# !"#0%$ 8 !)()+)-*)! '.$(%$.(#%$# -(#$,"$,! $'($+ 1 ) ""#/& " 8 $(#'-'-%+(#+)=%'(%(#(##)"(-%$)*(#%'(!+,%$!,:-!/05/;''#)$

PAGE 93

!"#0%$ 4 8 !)()+)-*)!'.$(%$.(#%$ # -(#$,"$,! $'($+ 1 ) ""#/" #7 $')3(%$('(#+$,%-()$,(#(!%)&$(!%+"-!.!)&$,!3'%('-*!)"$,(#!%.#((!%":;(33!''M'#)"-,!N'"!!)"$,%$.(#%$(#'-'#)!(=%''-%+#%'(!+,''#)$)$(#!%.#( " #7/= # )

PAGE 94

!"#0%$ 4 8 !)()+)-*)!'.$(%$.(#%$# -(#$,"$,! $'($+ 1 /"A n/"A $')'-%+'(#)"(*-)$,%$*-)(!+ '!,%**%+"-((),-%$('3+%--#$(#'"3!&$(!%+"-!+!'(:;%'&%,$( # ) ) ""#/" #7 $')3(%$('(#+$,%-( )$,(#(!%)&$(!%+"-!.!)&$, !3'%('-*!)"$,(#!%.#((!%":; (33!''M'#)"-,!N'"!!)"$,%$.(# %$(#'-'#)!(=%''-%+#%' (!+,''#)$)$(#!%.#( !+"-(%)$' !%$+-",, !+"-(%)$'! =+-",,

PAGE 95

n !"#0%$ 4 8 !)()+)-*)!'.$(%$.(#%$# -(#$,"$,! $'($+ 1 "".A#)) $')+''(#!%'(#$,()&%'"-%<(#!),-%$.)*(#--'$,%$$!+&%(%&$(#((#--')*(#$)!-!&!(#%$3%$,$,)+!,%-(!+%$.+$,)$((#$,''()-3#':#!--'!!-(%&-(#%+ ; .#7 r # )

PAGE 96

#1&# #)(#"# %."!?1'#)'(#'.$((%)$3%3-%$)!'(. '*)!+!*"-!+)$'(!"+(%)$)* (#3,%(!%+#3%3-%$%'(#'%!!'3+ (%&)*(#33!)+#:$"-)!'% "()(%+;)$+#))''(+)$'%'(')*5;!+%$.: $"-K%"()(%+;/;-3' ()!.?;$(!3)-(%)$B;'#3%!1;))(#%$ .$(#3!+,%$.'+(%)$,%'+"'' (#(#)!$,)!')*(!'"%(,*)!+#'(3%$ (#3%3-%$1#0%6 8.$((%)$$,!+)$'(!"+(%)$3%3-%$$-'%' )* $"-!+%$. #!A)!())-'!"',()$"--(!+(#/r %.''-%+'-%+8)--%$ %$(!"'#$,,3(%&!"'##3)--%$())-%' )3!(,'-+(%$.3)%$('$,+# 3)%$(,,,%'+)$$+(,()(#3)%$(*)!%($, ()(#*%!'(3)%$('-+(, %$. +-)',3)-.)$#"'!#'+)$(!)-)&!(#-$.( #)*(#3)--%$#$"!)*3)%$('

PAGE 97

%(#%$(#+-)',3)-.)$,(!%$'(#$"!)* &!(%+')*(#=(!+(,&$(!%+#3%$(!"'#)!3%$(())-3!'$('+%!+-%(# ,A"'(-!,%"'(#(+$'-+(-!. !.%)$'r3$,%$.)$(#')*(!(#3%$(())+$-')3!'$('4"!)*,A"'(%,(#,3(%&!"'#33-%,!.%)$3%$(!.%)$ '#%+##&(#'%$($'%($, -&)"((#)'%(#,%**!$(%$($'%(%' 1#0%8 8$"-(!+%$.)*(#*!)(#':'-%+5; (#!)".#(#3=:'-%+9; %(#"-(%3---' %."!?9'#)'(#$"-(!+%$.:3)--%$33!) +#;)*(#*!)(#'() (#3=#"'!#'(#*-=%%-%(()'-+("-( %3---'8--)$,!,--# --)--(!+(#3%+!,%:)"(!-!;#%(#!,--(!+(#$,)+!,% :%$$!-!;)!!+(%)$'+$,-(!()$' "!(#(%$$!(!+%$.'-%%(#%$(# )"(!(!+%$.'%$)!,!()&)%,'-*%$(!'+(%$. '#'#%'%'$)(3)''%-%(# "()(%+'.$((%)$

PAGE 98

r %"()(%+!+%$. #)'(3)3"-!'%"()(%+(!+%$.(+#$%4"% '(#?r+(%&)$()"!),:$ ;$,%('&!%$('#'.$((%)$%''(% (,)$)!)!&)-&%$.+)$()"!' )!%$'($+%*#&$%.)*(#-(!-& $(!%+-(#($(()'.$( '(!()**%(#$%$%(%-%<,+-)',+)$()"!$,)& !(%(#+)$()"!&)-&'$, ,-%$('(#!.%)$)*%$(!'( 1#0%9 8+(%&+)$()"!&)-"(%)$*)!'.$(%$.-(!&$(!%+-:"-/009; **n #+)$()"!&)-"(%)$4"(%)$%'.%&$8 S SB TU V V W %'(#+-)',+)$()"!(#(&)-&')&!(%# +)$()"!&)-"(%)$%',!%&$*)!+' T #%+#+(%$$)!-,%!+(%)$' U V V W !-(%&()(#+)$()"! &nn*+n) #*)!+'!'")*%$(!$-$,=(!$-*)!+' #=(!$-*)!+'!%. ,!%&$>(#3"'#(#+)$()"!'()!,'(#)"$,!% '%$(#%.,(#! ,!%&,*!)(#%.,(*!)#%+#(#'.$( (%)$%'3!*)!,#%$(!$*)!+'#&$)(#%$.(),)%(#(#%.,("(( #%!%$3"!3)'%'()+)$(!)-(#

PAGE 99

'#3)*(#'.$((%)$(#!*)!(#!!(# !'#3,!%&$>(#3"'#(# +)$()"!'()!,'%$(%$%$.'%3-'#3 1#0%: 8n&)-"(%)$)*%$(!$-$,=(!$-*)!+';n=(!$ -*)!+':--);! ,!%&,*!)(#%.,('(>(#"'%.,!%&$ $,%$(!$-*)!+':-";!'#3 ,!%&$;'(#+)$()"!'&)-&(#-$+)"( "$) #3!)-)*(#+)$()"!'*%$,%$.(#)"$,!%' )*(#%'+'('$!. %$%%<(%)$3!)-3,*"$+(%)$'!"',()! ."-((#$!.)*(#+)$()"!$, 3!)&%,(#=($(()#%+#(#+)$()"!'+$!+# 3,*"$+(%)$.$!()!'!5; (#!'#)-,%$./;%..!,%$(?;'"3!&%',+-''% *%+(%)$:=8!$,)*)!'(; $'"!"()(,'.$((%)$%',)$%$(#*) --)%$.'(3'85;'("3(# ',*"$+(%)$/;3-+%$%(%-+)$()"!'?;(+# +)$()"!&)-&33-%+(%)$)*'3, *"$+(%)$()B+#!-)$.=%'+!,%+%. $,%('+)$()"!&)-"(%)$%''#)$%$ (#%.?2-)

PAGE 100

1#0%; 833-%+(%)$)*'3,*"$+(%)$(#!'#)-,*%-(! ()B+#!&%)*+!,%+ '#3$,'"'4"$(&)-"(%)$)*(#+)$()"!# -+ '+(%)$!3!'$('(#$, (##%(%'(##-+ '+(%)$:;%''"' 4"$(-'.$(,*!)(##%( '+(%)$-3' #)"(3"()*(#(!+%$.'!+--,--3# --3'!-') &)-"(!%+%.,('(A"'(-% (#r'(+ *!)#%+#(#!,!%&,#-3'!=3)!(,'$!!'(!!,(:r;# '--3'!05&-",!! '()!,''-%+-%+'-%+=3-)*-3'%''#)$-)

PAGE 101

1#0%$@ 8-%+'-%+=3-)*--3'*!)#%+# '#3'! +)$'(!"+(,')'"!*+n=(!+(%)$ #$=('(3%'()%$(!3)-((#05&-",!! %$()'"!*++--,'# #%'%'-')+--,%')'"!*+%$.#%$(!3)-(%)$ +$-%$!)!*-=%-'(!"+("!' ,3$,%$.)$(#-.)!%(#!+#%$.+"-.)!%(# .$!--3-)'-%$! %$(!3)-(%)$()+!((#%')'"!*+)$'(!%$, r-"$$,)%'')$ (!#,!-%<(%)$!3!)%$$(%')'"!*+-.)!%( #'$-(!$(%&%'()"' '3)$')!,+)!+%-&%--')*(!'"+#'?r -%+!:,)!)&/05/;?r-%+!#' M),!N),"-(#(--)')"()+!('# *!)(#+)%$(%)$)*--3' $,)!%.%$-r,('(*!)#%+#(#-3''=(!+(,%."!?55 -)'#)'(#--3'#3,%$.!$'"3!%3) ',)$(#r'(+ %."!?5/ '#)'(#*"---)"(%$+-",%$.'#=(!+(,% (#(#M),!N*("!%$?r -%+!1#0%$$ -3:.!$;'"3!%3)',)$(#r'(+ *)!=(!+(%)$)*(#

PAGE 102

1#0%$, 8?r'#3=(!+(,*!)(#--3$,(#r '(+ $, '))(#, #,&$(.)*"'%$.?r-%+!%'(#()$+$& !%*#(#!(#)"(-%$)* '#+)%$+%,'%(#(#&)-"%.':--3U r'(+ ;#!%'),"-+--, M!.),-'N(#(--)')"()&-%,((#=(! +(,'#3$,'"3!%3)')$ &)-"()+#+ *)!-%.$$(!!)!'',)$'(!( ,%$%.?5?

PAGE 103

1#0%$0 8#'#3'"3!%3)',)$(#&)-"(!%+%. '#)'(#((# )"(-%$3!*+(-*%((#%.%$(#&)-"(!% +,('( n=3-')*'.$(,$,=(!+(,'#3'!'#) $-)%."!?5B ,)$'(!('#3%(#$,)+!,%--!%$*-) $,)"(*-)(!+ '%."!?51 '#)''.$(,%(#)(#$,)+!,%$,3%+!, %-!',)$'(!(%$.!),-%$. )*(#--'

PAGE 104

1#0%$5 8n=3-)*=(!+(,'#3,)$'(!(%$.%$-( $,)"(-((!+ '1#0%$6 8n=3-)*'##%+#!4"%!''))(#%$.'))(#$ ,'#$,$)$ $%*)-,'#)'(!)+''%$.)*'#' #n $')%$'($+'(#=(!+(,'#3'+)$(%$ &!%)"'()3)-).%+,*%+%$+%''"+#'%')-(,&!(%+':=8&!(%+' (#(!$)(+)$(%$,$'"!*+ -$(;"-(%3-(!%$.-'(#('#!(#'& !(%+'#)-':'%.?51;$,)! '-*%$(!'+(%$.&!(%+':%$)$$%*)-,&!(% +':(($/009;;$%*)-,'"!*+%' )$%$#%+#&!,.%',A+$(()'"!*+' $)(#!)!,'(#$"!)*,.'()

PAGE 105

n (#$"!)**+'%'51#',*%+%$+%'%-3!'$('%.$%*%+$(,%**%+"-(%'() !%(#(%+)3!(%)$''"+#'(!%=,,%(%)$'$)$ !%.%,!.%'(!(%)$$,'(%(%)$)* &)-"'$,'"!*+!'I'#%:(($/009; %'"',()*%$,$)$$%*)-,&!(%+' $,!3%!(#!3-%+(%)$r #.$!(,'#+)$(%$!)".#'#!3$,'( 33,*+'))(#%$. %3!)&'(#'#4"-%($,$'"!'(#((#'# 33!)=%('(#)!%.%$-),'#+)!+%--&%--*!!+$"' ,()'))(#$(#'#))(#%$. -.)!%(#'%3-$(,%$'#(#3-+%$$, 3-+%$U%."!?51'#)' !)".#'#$,%.?51'#)''))(#$,&!' %)$

PAGE 106

#/ /& ">)'(##)>#( #) 7. (#) $(#%''+(%)$3-)(#+!*"-'.$((%)$ $,!+)$'(!"+(%)$-.)!%(# (),%**!$(%('#3'!+)$'(!"+(,*!)+)$(!):$)!(%&;&'#3!($'%&'#3 )+!,%"&%( @+$%,$(%*"-.%$.,%-(,+#!(!.%) $$,$,,%-(,3%+!.%)$:#3!($'%&;+)3!,())!$!!), 3=$,+"!&+)$()"!')*(# $)!(%&'#3+)$,(#$)!(%&#')!+ !'+$('r+)3!,*-(($, 'n)*(##3!($'%&'#31#0%$8 8)3!%')$($$)!(%&'#3$,#3!($'% &'#3'),-%$. %')'!&,($,n*)!(##3!($'%&+ )3!,()$)!(%&'#3

PAGE 107

"(*-)$,%$*-)(!+ ' $(#%''"'+(%)$+)3!'3-#3!($'%& '#3'%(#$)!(%& '#3#''#3'!'.$(,()!&-(#! ),-%$.)*)"(*-)$,%$*-)(!+ '1#0%$9 8)3!%')$($$)!(%&'#3$,#3!($'% &'#3')**"--

PAGE 108

r (%$(E5#'%,!%$*"$,%"-"+)3!,()(# $)!(%&'#3#)"(*-)(!+ %''-%.#(-,(+#,%(#'"(-*-(($%$.)*(# 3%+-!.%)$(%$(E/#')! %$!,"-.%$.+"'%$.(#)+!,%"(),%-( (%$(E?#'*-(($,3=(%$( EB#'!),-%$.((#'%,+"'%$.(#%$*-)$ ,)"(*-)(!+ ()3"--)"((%$(E1 #'*-(($,'3(---#%+#%''"33)',()+ !'+$(%$'#3

PAGE 109

r ") $(#%'+#3(!+!*"-'.$((%)$3!)()+)-' 3!)3)',()!+)$'(!"+((# *!)3,%(!%+,('(,,%(%)$-,(%-')$( #'.$((%)$33!)+#'$, +-%$%+-!-&$+)*'(",!3!)&%,,%$(#'" '4"$('+(%)$'-) .$((%)$33!)+# -(#)".#-!.&!%()*'.$((%)$33!)+#' =%'(%$-%(!("!*)!,%+%.3!)+''%$.+)$'%'($(33!)+#*)!(#!%.#( &$(!%+-$,)!'3+%*%+--*)! 3,%(!%+'%'!!:(%(A$/055>S#"$./05?;n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

PAGE 110

r %.?59(#'!!+)$'(!"+(,(),)$'(!( ,%$$!)+!,%"!),-%$. #!*)!!-())'!&--#3!(!)3# %$,,%(%)$()'3(-)%$.$, +#!,%-((%)$$%.?56(#'!!+) $'(!"+(,*!)3%+!,%"-!%(# %$+-"'%)$)*(#%$*-)$,)"(*-)(!+ r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

PAGE 111

r r7 7rrnrrrr rn %.#(&$(!%+"-!:;*"$+(%)$%'$%3)!($(,( !%$$()*'"!&%&-%$3,%(!%+ 3(%$('%(#3"-)$!#3!($'%)$:;!.!,-' ')*(#&!%$.(%)-).%')*(#%' ,%'':r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
PAGE 112

r ((%'(%+-'#3),-%$.:)$!,%/05?>$'% /055;%'+)3"((%)$$-'%'(+#$%4"(#(+$( #(!).$)"'' 3-)*'#3'$,+)3"( 3((!$')*&!%(%)$'!)"$,'((%'(%+-$'# 3#%'),-%$.33!)+#--)' '#3+#$.',!%&,*!)(#3((!$')*'#3& !%(%)$'()+)!!-(,%(# %$,3$,$(! !'"',()&-"((#$,(# =%'%$3,%(!%+%$+ (#,)%$$('#3+#$.'! ,()(#"$,!%$.3(#)-).(#%'33!)+#+$ 4"$(%((%&-+#!+(!%<'#3+#$.'&$#$ *"$+(%)$!'+#$.'-)"$('$,')3!(%+"-!-"'*"-%$%,$( %*%$.!-'%.$')*$)!*%-"!%$#(!).$)"'3,%(!%+3)3"-(%)$ %')*(#%'#3(! #%')*(#%''(",!85;()=(!+(,)%$$( '#3+#$.')*(#%$ 3,%(!%+"'%$.$.$)'(%+33!)+#33-%, ()%.')*3,%(!%+'"A+('>/; ()+)!!-((#.$%(",)*(# '#3+#$.' ()#),$%+! !'(3%+-"',%$(#&-"(%)$)*$,(#=%'>?; ()%,$(%*3!%!'#3'+#$.' (#(!*-+(!-%$+!''%$*"$+(%)$-#) ,$%+$,=%'! !'

PAGE 113

r #.) "A+(' )($(%-'"A+('#)#,(#.$!-,%.$)'%')* !!(!)'3+(%&!&%,*!)$33!)&,,('$(%(-, !)'3+(%&n&-"(%)$)* ,)-'+$('$,#%-,!$%(#"-)$!!(!%3!($'%)$:n;@%$+-",,$ '"A+(%(#,*%$,'\/1.3!&% )"'+(#(!%<(%)$)!3 ''()-%+3!''"!'(%(,\103!+$(''(%+ +#)+!,%).!*)!(#.)* 5C!'@%(#33!)&-.(+#,+)$(!)-'" A+('!!+!"%(,)$(# $%&!'%()*)-)!,)$'+#"(<,%+-3"'&% ,&!(%'$(n=+-"'%)$+!%(!%*)! .(+#,+)$(!)-'%$+-",, $)$+!,%+)!3")$!,%'' .%$. '+$$%$.'3!*)!,"'%$.'(,'((*! 3!+''%)$+%$.!,%$(+#) '4"$+'"A+('!%.,)$51%$'& $()'+$$!:%$'-(#! -&!$;3(%(%)$(%!$.,*!)?9 ()11'$,+#)(%!$.,*!) 55()5?'%(#*-%3$.-)* XYZ () [\Z ()(-)*50()51'#)!(=%''-%+'+)&!%$. )(#&$(!%+-'!+4"%!,%(#9C'-%+(#%+ $''$,(!%='%<'!$.%$.*!) 52/=5BB()/19=5693)!-!')-"(%)$'?0() B0'+4"%!,%$150'+)$,' !(##)-,3!'-%+ !)(#+4"%!,(3)!-'4"$+')*+#'"A+ ((#$,''()-%+:n;$, $,,%'()-%+:nr;*!':!(%)$-*)!'-+(%$. (#'(%3)%$(',%'+"'',-(!;! %,$(%*%,$=3!%$+,+!,%++-%$%+%$: r!!")$.;"'%$.'($,!,3!)()+)-' #',('('(n!+)$&!(,*!)'!% ')*r%.'()'%$.M!-'(!r(N:r;*)!(3!'"A+( "'%$.+"'()')*(!:(= #

PAGE 114

r (#@)! '$+(%+ ''+#"'(('$%(,(( ';#%'*)!('"',()*+%-%(( $,++-!('"'4"$(3!)+''%$.%$+-",%$.( !+%$.$,'.$((%)$ ),$%+'"!$( -%$%+-'"!$('=(!+(,*!)(#!%.#(#!( +(#(!%<(%)$:;! +!,%+)"(3"(:;"-)$!3%--!@,.!' '"!:@;n$,'()-%+!''"! :n;$,n$,r%'()-%+D!''"!:nr;"-)$! '+"-!(%**$'':;$,"-)$! '+"-!'%'($+:;!+)3"(,'8Q:"-'!''"!;K B5 @#!"-'!''"!QnDnr''"!,(#%+ 4"(%)$$,,*%$, ' Q:@;K B/ #$,!%$,=,()(#),"!*+ !:;()!)&(#**+(' )*&!%$.),'%<%$(#3,%(!%+3)3"-(%)$: ,,,/00C; '#$!(%)$ %.#(&$(!%+"-!'#3'$-<,($,''():n;'%$+(#%'(%3)%$( !*-+('(#"-(%(!'"-()*+!,%++)$(!+(%*"$+(%)$:!/05/>$+%$%52C6;> #$+)3!,()(#$,,%'()-(%3)%$((#% $(!&$(!%+"-!'3(-.)(! '#)"-,=%---(!,($,''()-#'( )3)%$('(#"'!3!'$((#)"$,! +)$,%(%)$')*(#'#3,*)!(%)$++-# $,)+!,%"$,3%+!,%"! $"--(!+,*!)(#?9:$Q50+)$(!)-;'"A+( '$,'.$(,'r+)$()"!' "'%$.$3'.$((%)$')*(!:"'# &%+#/ 009;#(!+"-!%$+-",, %$(#+#!&)-"#'#'!%$(!3)(,*!)(#r+)$()"!'"'%$.

PAGE 115

rn -%+!?r:*"$,,3$)"!+)*(!;:%3! /00B;$,'()!,'3)-.)$'#':)('+#/050;n+#'#:)!'#3;' (#$&%'"--&-%,(, '"3!%3)'%$.(#)(%$,'#3)$(#+)!!'3)$,% $.%."'4"$(-(# '#3'!!%.%,--%.$,()+))$+))!,%$( ''(()-%%$(%',"() 3)'%(%)$%$.&!%(%)$')!),'%<)3"((%)$)*(#)-).%+-#3!%(%)$' '((%'(%+-$'#3'+)3"(,:',)$ $)$-%$!33!)+#)* :r"!!-$/002;;*!)(#+)$(!)-3)3"-(%)$() +('+))$!*!$+*!)#%+# $)$-%$!3(#)-).%+-&!%(%)$'!=(!+(,# 3(#)-).%+-&!%(%)$'! =(!+(,'*)--)'8 5; +))!,%$((!$'*)!(%)$'"',()-%.$(#+ $(!)*(#3(%$(,!%&, '#3'()(#'((%'(%+-$'#3> /; ,*)!(%)$'!=(!+(,*!)+#)*(#%$,%&%, "-'#3'!-(%&() (#'((%'(%+-$)!(%&$'#3> ?; !%$+%3-)3)$$($-'%':;:@)-,52C6;' "',()%,$(%*,%!+(%)$' (#(#&=%"&!%$+'-)$.#%+#(#,(%' )'('3!,>'"'4"$('"',(),%'(%--(#$(%!,(%$(),)%$ $(%$,3$,$(&!%(%)$')! &#) B; #3(#)-).%+-'#3+#$.'!(#$)(%$, '"3!%3)'%$.(#,%'(%--, '()*%$,3$,$(),')$()(#'((%'(%+-$ '#3','+!%,"'%$. (#!-(%)$'#%3-) ]B^_`_abQ`^cR_d $ b , BBbBbQ`R.rGR_d$b, B?

PAGE 116

r 1; #+)3"(,3(#)-).%+-'#3),'!4"$(%*% ,(#!)".#'((%'(%+$-'%','+!%,%$(#$=('+(%)$#3),' (#('#)'(!)$.+)!!-(%)$() '3+%*%+! !'!'-+(,' (& '&#) 9; ),)$'(!(#)3!%!),'!*-+(-)$ ,#%.#+#$.'%$(# +)!!-(,! !"''%$,%'(!%"(%)$:+$(! ,)"((#'((%'(%+-$ '#3#)'-%%('!'($,!,,&%(%)$')*+)!! -(,! !;'33-%,() (#3!%!),'().$!((#*"--!$.)*'# 3'*!)-)()#%.#&!%(%)$'#*!)! *)!(#33!)+#',)$'%3)A+('%'%--"'(!(,%$%.B5

PAGE 117

r ((!$'!,+)3)',%$() #(## #" # 3!%$+%3-+)3)$$(': ;+$(!,!)"$,(#$8)"! +)3)$$('!)(%$,%$(#%'=3((!$')*'#3,*)!(%)$': &#) ;!,!%&, 1 +#%$,3$,$(()(# &# ). (# 8B'#3),'!,!%&,*!)(#$(%!3)3"-( %)$ ),'!4"$(%*%,+)!!-(%$.(#%! ) ()! !#3'(#('#)'(!)$. +)!!-(%)$!(#3!%!'#3),'@''" ),5%'(#3!%!), "--=($()*'#3,*)!(%)$'!+)3"(,*!) 3!%!),33"''%$,%'(!%"(%)$)$%(' ().$!('#3*!)-)()#%.#&!%(%)$8 )%$$'#3 ((!$')* &!%(%)$'()+)3"(,!-(%&()$'#3 & "&# ). (# n ),5 ),/ ),? ),B %.#&!%(%)$ %.#! ! )&!%(%)$ )! ! $'#3

PAGE 118

rr 1#5%$ 8+#(%+*!)! *)!(#33!)+#;#' !3!'$((#'#3')* $)!-#-(#'"A+('*!)#%+#'((%'(%+-$ '#3%',!%&,;#'!3!'$( (#3(%$(,!%&,'#3*!)#%+#&!%(%)$'! +)3"(,'"A+(()(#$)%$$'#3;+))!,%$((!$'*)!(%)$%'"',( )-%.$(#+$(!)*(#3(%$( ,!%&,'#3()(#'((%'(%+-$'#3#%'3 !)+''--)'+-%$%+--'%.$%*%+$( &!%(%)$()+)3"(,*!)(#3(%$(,!%&,' #3r;%'"',()%,$(%*=%' )!,%!+(%)$'(#(#&=%"&!%$+'-)$.#%+ #(#,(%')'('3!,n; ,+)3)''(#,(%$()*%$,3$,$($,"$!(,3!%$+%3-+)3)$$(':;(#( !$)".#(),'+!%(#$(%!&!%(%)$'%(#%$ (#,(;r%!+(%)$')*'#3 ,*)!(%)$'!)(%$,,,%$.+#+)3)$$( %$,3$,$(-()(#$)%$-$ '#3#'#3,*)!(%)$''"'4"$(-)(%$, %'+--,),)*,*)!(%)$; #'#3),'!(#$4"$(%*%,+)!!-(%$. (#%!'()+-%$%+-! !#3 ),'(#('#)'(!)$.+)!!-(%)$()! !! '"'4"$(-'-+(,'3!%! '#3),';#!$.)*,*)!(%)$!'"'4 "$(-+)3"(,*)!3!%! '#3),33-%$."''%$,%'(!%"(%)$:%%()*/?'($,!,,&%(%)$';)$%(' ().$!(-)()#%.#&!%(%)$'((%'(%+-$-'%' #,%'(%--,'(')*3(#)-).%+-),')*,*)! (%)$!+)!!-(,() #),$%+! !':%$,%;(#!)".#-%$! !.!''%)$()4"$(%*3(#)-).%+'#3'#3),'!(#,3$,$(&!%-'# %-(##),$%+! !' !3!'$(,(#%$,3$,$(! !'--'((%'(%+ -('('!3!*)!,"'%$.: r&-)3$()!/002;#-&-)*'%.$%*%+ $+''((3]001

PAGE 119

#)") $('%='"A+(':/9;!%,$(%*%,'3(% $('#'3(%$('#,(# +)3-(,('(%$+-",%$.,($,9% $"(('(:@;%$*)!(%)$ r).!3#%+,(*)!(#'3(%$('!!3)!(,%$ -5$:50;.(+#, #-(#'"A+('!-')%,$(%*%, !"#5%$ 8-%$%+-$,#),$%+! !' )*(#3,%(!%+'"A+(' -%$%+-( "!' :$Zr; :$Q5C; . 5510Z95/! ),'"!*+! :; 55CZ0B9 R ' n(%)-). ,%)3(#%+8$Q52 )$.$%(-!(r%''8$Q6 9 %$"(@'( /19Z/B? R @ -''$,8$Q5/ -''$,8$Q5B $,=, "-)$!'+"-!'%'($+ :%; 25CZ2/1 e f R ' $,=, "-)$!'+"-!(%**$'' :%; /9/Z?2/ e f R ' !,%+$,=:; ?95Z5/ g f Rb. h % f R ' '#$!(%)$ #3!)()+)-,&-)3,*)!.$!(%$.'#'*!) +#)*(#/93(%$('$, 50+)$(!)-'"A+('%'%--"'(!(,%$%./%."! /'#)''3-'#)!(=%'(!+%$.')$ (#$,'"'4"$(,3%+(%)$)*'#'.$( (%)$"!(#!&-%,(%)$)*(# '#'3!*)!,&%'"--+)$*%!%$.(#((# )"(-%$')*+#'#*%((,(# )!,!')*(#)*(#+)!!'3)$,%$.:%./ ;

PAGE 120

1#5%, 83!)+''%$.$,&-%,(%)$';(!+%$.)$ %.$,'"'4"$( ,'+!%3(%)$)*'#;'#)&!-%,)$+)!! '3)$,%$.%.:'%,&%;$, '#)!(=%'&%';#'((%'(%+-$''#3% $%(%--=(!+(,*!)(#+)$(!)3)3"-(%)$%'-%.$,)$()(#!%.%,--%.$,3(% $('#3$,'#)$()+$(!,)$

PAGE 121

(#-%.$,'#3'#%'%'!4"%!$(%$'#3 ),-%$.$-'%'*)! &!%(%)$' +$+)3"(,((%'(%+-)!(%&$'#3 !)(#50'#',&-)3,*!)(#+)$(!)-'" A+(''((%'(%+-$ '#3:-')+--,$)!(%&!*!$+;'+-+"(,:%.B/;%'"--(#%'$ '#3'--+$(!,$,4"%,%'($(()--(# -%.$,'#3'$%$,%+(%)$(#((# $'$)(%',%."!B?'#)'(#3%+-$ ,+!)'''+(%)$-$$)((%)$')*(# '((%'(%+-$'#3#'#3#'$!!)3% +-:%.B?B?B?n;+!)'' '+(%)$+!'+$('-+!)'''+(%)$-'#3:%. B?%.B?r;$,!-(%&-$!!) --:%.B?;"'4"$(-(#%''#3)"-, "','!*!$+*)!+)3!%')$%(# (#=(!+(,3(#)-).%+-'#3'

PAGE 122

1#5%0 8#'((%'(%+-$'#3$,%('$$)((%)$' 3%+-+!)'''+(%)$$, '-+!)'''+(%)$$$)((%)$')*(#'((%'(%+$'#3)!%.%$--!+)$'(!"+(, *!)(##-(#+)$(!)-3)3"-(%)$'#'#3#' $!!)3%+-!.%)$+!'+$(+!)'' '+(%)$$,!-(%&-$!!)--#(!+"-(% )$'%$(#+)$(!)-3)3"-(%)$.%&'(# (#%+ $'')*(#$--

PAGE 123

(#)-).%+-#3),' '"3!%3)'%$.(#,*)!(%)$),'"$()(#'( (%'(%+-$'#3(# $-'%'%,$(%*%,(#!,)%$$($,'&!'#3 +#$.'%$(#*)!3(%$('%(# ),5+3("!,--(#%+ $%$.:%.BB;), /!&-,'3(-*-(($%$.:%. B1;),?'#),3%+-,%-((%)$:%.B9; 1#5%5 8@--(#%+ $''$,+#$.'%$%)3!,()( #'((%'(%+-$-) +#$.%$%3!),"+&%'%-+#$.%$--(#%+ $''$,(#+#$.%$(#%+ $''%' )!3!)$)"$+,(#%.#!-&-'%$%+#$.

PAGE 124

1#5%6 3(-*-(($%$.$,+#$.'%$%)3!,() (#'((%'(%+-$-) +#$.%$%-,'()*-(($%$.)*(#'3(" '%%$+!''(#'3("%' %$&!(,$,+#!-% %',%-(' !"# 5% , !')$+)!!-(%)$)*' #3+#$.'%(#%$+!'%$. % !')$)!!-(%)$:!; 3 -" @--#3!(!)3# 01/ 3(--(($%$. 09? !"# 5%0 !')$+)!!-(%)$)*' #3+#$.'%(#%$+!'%$. % !')$ )!!-(%)$:!; 3 -" 3%+-,%-((%)$ 0B/

PAGE 125

n 1#5%8 3%+-,%-((%)$$,+#$.'%$%)3!,() (#'((%'(%+-$' %+#$.'(#3%+-!.%)$%$+!''%$!,%"' %(#,,%(%)$,%'()!(,!),-%$.

PAGE 126

-(%)$'#%3)*(#)-).%+-#3()),$%+ ! !' @#$(#,*)!(%)$),'!+)!!-(,()#), $%+! !'$, "''%$,%'(!%"(%)$'33-%,)$+#),) '!&,(#(8 n,!%''')+%(,%(#--(#%+ $%$.: i 01/3]001;:%.BC;#+!)'' '+(%)$-$$)((%)$'#%.#-%.#(,$%$+!'%$ --(#%+ $'':%.BB()%. BB;'%+#$.'+)3!,()(#$)!(%&!* !$+:%.B?; %-')'#),"+#'(!)$.!+)!!-(%)$()'3(" *-(($%$.: i 09?3]005; :%.BC;)3!,()(#'((%'(%+-$)!(%&! *!$+'%+#$.'(# '3("*-(($':%.B1()%.B1;,,%(% )$-!),-%$.(#%.#),)* &!%(%)$%$+-",')!+%!+"-!$,,%-(,+# !$,--(#%+ $%$.:%. B1; n,!n-&(,%!(#!'#),'')+%(%)$%(#3%+,%-((%)$: i 0B/3]001; :%.BC;#3%+-+!)'''+(%)$-$$)((%)$' '#),%,!3%+-!.%)$:%. B9()%.B9;'%+#$.'+)3!,()(# 3%+-+!)'''+(%)$)*(# '((%'(%+-$)!(%&'#3%$%.B?n #!-(%)$'#%3($+-%$%+-! !'$,'#3 +#$.'!'"!%<,%$(#%. B6

PAGE 127

1#5%9 8#$$)((%)$''#)%$.!-(%)$'#%3($'#3 +#$.'$, #),$%++#$.'

PAGE 128

r 1#5%: 8#'+((!3-)(''#)%$.!-(%)$'#%3'($' #3*("!'$, #),$%++#$.'#!!-(%)$'#%3'!'%.$%* %+$(8'3(-*-(($%$.&'% : n ;>--(#%+ $%$.&'%: ;$,3%+-,%-(%)$&'%: r ;

PAGE 129

))) $(#%''(", '#3+#$.'%$#(!).$ )"'3,%(!%+3)3"-(%)$ !+#!+(!%<,"'%$.$.$)'(%+'#3$-'%' (+#$%4":'((%'(%+-'#3),-%$.; 33-%,()%.')*(#%$$)!-$,,%' '3)3"-(%)$'#',)%$$('#3 +#$.'!(#$+)!!-(,%(##),$%+! !'+-%$%+--"',%$(#&-"(%)$ )*'(-'#3'(#(!*-+(!-+#$.'%$ *"$+(%)$-#),$%+$,=%' ! !'!%,$(%*%,,,%(%)$-,(%-')$(# '((%+-'#3$-'%'33!)+# %3-%+(%)$')*%$*%$,%$.'$,+-%$%+-!-&$+ )*(#3!'$('(",!3!)&%,,%$ (#'"'4"$('+(%)$'-)33!)+# #nnrn ((%'(%+-#3),-%$.%')$-'.)),'(#, (*,%$()(#$-'%'@ 33-%,+!*"-$"-'.$((%)$3!)()+)-)$? 9,('('$,)(%$, !3!'$((%&'#'*)!+#'"A+(n=3!(." %,,$"-'.$((%)$' %3)!($(%$(#%',('(+"')*(##&(! +"-(%)$')*(#3,%(!%+-(%''"$,(#,%**%+"-(%$%,$(%*%$.(#-)), 3))-*!)(#$,)+!,%-)!,!' !,%+%.')*(#!+"'()3!)+'',:( (%3)%$()$(#+!,%+ ++-;*)!%$3"(%$()(#$-'%')A)!( %3)%$('!"'"--'''',8$, ,%'()-:nr;$,$,''()-:n;:!/05/> $+%$%52C6;@#%-(#+!,%+%.' !"'"--$-<,((#nr()''''!),-%$. :!/05/;(#$-'%'(n !*-+('+)$(!+(%-*"$+(%)$)*(#:$+%$%5 2C6;!&%)"'%$&'(%.(%)$)*+!,%+ '#3+#$.'*)"$,)!! ,$,'%.$%*%+$()! 3#)-).%+-$)!-%(%'(n +)3!,()nr:$+%$%52C6;#!*)!%$(#%'3 !'$('(",n'+#)'$' 3!*!!,(%3)%$(*)!(#$-'%'

PAGE 130

nnn-nnnn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

PAGE 131

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

PAGE 132

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

PAGE 133

r7 rnnrrnrrnr7r r rr ((%'(%+-'#3),-''33-%,()%.')*+ !,%+,'*"$+(%)$'#)3!)%' %$!&-%$.$+-%$%+-%$*)!(%)$)"(,.! $,3!).!''%)$)*+)$.$%(-#!( ,%'':.%(%/05B/051> $'%/055>)$!,%/05/ ;#'33!)+#'!4"%! (#!,%$'%)$-:?r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

PAGE 134

'#3;%.%,(!$'*)!(%)$'!+)3"(,*!)(# *%,"+%-3)%$('$,!33-%,() (#)&%$.'#3()-%.$%(()(#*%=,'#3%, "+%--%.$$(%'$'(-%'#,*%-, %$/r%.$-'%':"3#!%'/05?;"(%('33%+(%)$()?r'#3'%'%''%$.3!(+"')*(#,%**%+"-(%$3-+%$.! !')$(# ?r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

PAGE 135

n 1#6%$ 8-%.$$()*(!%$%$.'()*3,%(!%+,('( ;!%$%$.'(;n$(%! -%.$$(!'"-(%$.%$#(!).$)"',(;$ '#3#%+#,)'$)(+)$(%$ $%$.*"-%$*)!(%)$r;-%.$$(#$'),*+ (,'#3'!!)&,()+!( #)).$)"',(n;$'#3=(!+(,-)) ''% %-!()(#$'#3%(#%$(# (!%$%$.'(

PAGE 136

"#1 /.##1##)). (#)#. !n #$(%!'((%'(%+-'#3),-"%-(*!)(#% $(.!(,33!)+#:$"*%,"+%--%.$$()*#(!).$)"''#3';%''#) $%$-15#'(3'*)! 3!*)!%$.*%,"+%-!.%'(!(%)$!,%'+"'',%$' "'4"$(-1/ !"#6%$ -.)!%(#*)!%$+)!3)!(%$.#(!). $)"'%$()(!%$%$.'( 5 #))'!$,)+))!,%$($,!%.%,--%.$+#' #3()(#+))!,%$(:%(# $"!)*%(!(%)$';',)$+)$&!.$+3!( ! j 8 kl6mno6pj "lqo9rssn336pj63smt3nut *'#3*%-'()+)$&!.()(#-%.$,+))!,%$ (%(%'(..,'#(!).$)"' )(#!%'#)).$)"'()(#-%.$,+))!,%$( / !)"3(#-%.$,'#3)!#)).$)"'3((!$(). (#!:'%$%.1/; ? )3"(%$(!,%('((%'(%+-$'#3:,%'+"' ',-(!; 2 v *!)(# #)).$)"'3((!$' B $"--3-+(#'$"!)*%,"+%-')!-')$(#%$(!,%($ $,+#)*(##(!).$)"''#3'()-%.$(# ','+!%,%$-.)!%(#/ 1 +)3"((#*%$-'((%'(%+-$'#3:,%'+"' ',;*!)(#$(%! ,%'(!%"(%)$ 2w v ()-')+3("!(#-)+-$,.-)-,*)!(%)$' )*(# #(!).$)"''#3' n=(!+(,*)!(%)$GJ3!)3.(%$. x v ()(#%$,%&%,"-'#3'#%'%',)$(#!)".# $)$!%.%,!.%'(!(%)$)* x v "$()+#'#3!3!'$(,'8

PAGE 137

!"#6%,4 -.)!%(#*)!%$+)!3)!(%$.#(!).$)"'%$()(! %$%$.'( x y < qtq h z6N6o 6 : x v ; 9 .%$(#!%$+%3-)3)$$($-'%':@)-,52C6; ()=(!+((#&!%(%)$'$, 4"$(%*(#'#3'+!(%$.)&!%$+(!%= *!)(#$,A"'(, ,*)!(%)$'GJ { " 74" |:xy4xy} } } ;<:xy4xy} } } ; 9rs~u~lu{9w € 2‚7ƒ2ƒ‚ƒ7 „2„‚„7… 9 € ?2 ?‚ ?q… +)$(%$'3!%$+%3-=''n%.$&+()!'$,+)$( %$''')+%(,n%.$&-"'8 †6Nnq‡nsutz3ˆn‰n"@nŠ@&&@n7‹†6Nnq‡lmrn3ˆ?‰?"@?ŒŠ@ &&@?Œq‹ #n%.$&+()!'!3!'$(%$,3$,$(3!%$+%3-= '#%+#+$"',() (!$'*)!(#$,A"'(,,*)!(%)$'%$()(#%! 3!%$+%3-+)3)$$(':; 6 !)A+((#$,A"'(,,*)!(%)$'"$()(#n%. $'3+ Hn<:xy4xy} } } ; #!^%'(#(!%=#)'+)-"$'!(#3!%$+%3 -+)3)$$('' #'(#(+)$(!%"()'(()(#$(%!&!%(%) $!'-+(,$!(!,"+, ,%$'%)$'#3'"'%$.(#''-+(,$,+)3"( (#'((%'(%+-,%'(!%"(%)$)* !,"+,'#3'(#(!3!'$((##".,('(

PAGE 138

r !"# 6%, (3'*)!%,"+%--%.$$( 5 r'%.$((#%$(!,%('((%'(%+-$'#3 '(#%=,),-:;$,(# #(!).$)"''#3'')&%$.),-:; / -+(#! !':/0! !';!-$,! '3)'%(% )$':3"-)$!&-&(!%+"'3%, &-&%$*"$,%"-"$,3=;)$(#$,+)!!'3 )$,%$./0! !')$ #(!).$)"''#3n=8-%+!#'3-".%$(#(-)')"()3-+*%,"+%-')$?r '#3 ? n=(!+((# $ 2 & ‚ & Ž , +))!,%$('*!)(#' k $ 2 & ‚ & Ž , $, $ 2 & ‚ & Ž , +))!,%$(' *!)(#' $2&‚&Ž, )3"((#(!$'*)!(%)$(!%='"+#(#(8 k$2&‚&Ž,< :  ; $2&‚&Ž, < :  ; k$2&‚&Ž,$2&‚&Ž,< n=8@3-),+"'()%$(!+(%&(#)$' +!%3(:!"$)$-%+!;()=(!+((# *%,"+%--$,! '*!))(#$, B '(#'%%-!%( (!$'*)!(%)$(!%=()(!$'*)!'"+#(#(8  y    < 1 )3"((#n)*(#$'#3+))!,%$($,(# =3+(,+))!,%$('8 nQ P :  y : 2 & ‚Ž ; 4 k : 2 & ‚ & Ž ; ; Š 3('(3'?(#!)".#1"$(%-(#n%'+-)'() Sn 3( '(3'5(#!)".#9*)!(#$=(#(!).$)"''#3

PAGE 139

1#6%, 8-.)!%(#*)!,-%$.%(##(!).$%(%$3,% (!%+'#3'%$ $-'%'(358#-%.$,'#3'%''3-%(%$ ()#)).$)"'$,#(!).$)"' '#3'3((!$'(3/8$'#3%'+)3"(,*!) (##)).$)"'3((!$(3?8 %,"+%-'!3-+,)$(#!'()*#(!).$)"'' #3'%$+-",%$.(#$'#3(3B8 ##(!).$)"''#3'!!%.%,--%.$,"$() (#$'#3J'+))!,%$(%(#(# --3'(318((#%'3)%$(--(#'#3! %$'%$.-+))!,%$(-%.$$(# *%$-$''#3%'+)3"(,()%$%(%((# $-'%'

PAGE 140

*nn @+)3!,(#'((%'(%+-#&%)!)*(#%$(.! (,#(!).$)"''#3),()(##)).$)"'),-:#!#(!).$)"''#3 '!!)&,;%(# +)3+($''+3+%(:!,'/006>r&%'/00C;$ ,'3+%*%+%(:!,'/006>r&%' /00C;(!%+'#'!'($,!,%<,&-"(%)$+! %(!%:r&%'/00C;"',%$'((%'(%+'#3),-'#%+##'+-%$%+-%3-%+(%)$'&( #)) +)3+(),-!4"%!'*3!(!':3!%$+%3+)3)$$(')!),' )*&!%(%)$';()!+)$'(!"+(&-%,%$'($+)* ),-,)A+(:!,'/006>))#%$, S)!))*%/05?;(#(%+--+)3+($''+3+% ()*'#3),-,$)(,' :‘; %' '"!,'(#+""-(%&&!%$+*)!(#*%!'( ),':),')*&!%(%)$;()(# ()(-'#3&!%$+ : ‘ ; ’ L> “>8%’ L> ”>8%• :‘–&(&—; (#/' #%'3!)3!('"!'(#'#3),-J'%-%(( )!3!'$()$-&-%, %$'($+)*(#),-,+-'':r&%'/00C>))#% $,S)!))*%/05?;$)(#!)!,' '3+%*%+%('"!'#)"+#(#!+)$'(!"+(,'# 3*!)(#*,%$'%)$')*(# '((%'(%+-),-+$33!)=%((#+-)''('#3 %(#%$(#(!%$%$.'()'"! '3+%*%+%("%-,(#),-$,(#$+-+"-(( #!!)!)**%((%$.(#+-)''('#3() '#3+)$'(!"+(,*!)(#*%!'(*),'(#(%+--'3+%*%+%( ˜ : ‘ ; %',*%$,'*"$+(%)$)*(#*%!'(),')*& !%(%)$ :‘–&(&—; '8 ˜ : ‘ ; – U 5™š›œ žœ:‘;4+œ yŸ œ8%

PAGE 141

@#! žœ:‘; %'!+)$'(!"+(,'#3"'%$.(#*%!'(),') *&!%(%)$ :‘–&(&—; %(# +œ y%'(#+-)''('#3%(#%$(#,('('() žœ:‘; $, U %'(#$"!)*'3-'%$ (#,('('#'3+%*%+%(!!)!%'+)3"(,' (#!))($'4"!!!)!:+#?r '#3%'!'#3,%$()5r&+()!;($(#+-)' '('#3$,!+)$'(!"+(,'#3'*)! +#),r3(#&# ' )($(%-'"A+('#)#,(#,%.$)'%')*! !(!)'3+(%&-!&%,*!) $33!)&,,('$(%(-,!)'3+(%&n &-"(%)$)*,)-'+$('$,#%-,!$ %(#"-)$!!(!%-3!($'%)$:n;@%$ +-",,$'"A+(%(#,*%$, '\/1.3!&%)"'+(#(!%<(%)$)! 3 ''()-%+3!''"!'(%(, \103!+$(''(%++#)+!,%).!*)!(# .)*5C!'.(+#, +)$(!)-'"A+('!!+!"%(,)$$'+#"(<,%+3"'&%,&!(%'$(n=+-"'%)$ +!%(!%%$+-", $)$+!,%+)!3"-)$!,%'' &nrr '+$$%$.'3!*)!,"'%$.'(,'((*! 3!+''%)$+%$.!,%$(+#) '4"$+'"A+('!%.,)$51%$'& $()'+$$!:%$'-(#! -&!$;3(%(%)$(%!$.,*!)?9 ()11'$,+#)(%!$.,*!) 55()5?'%(#*-%3$.-)* XYZ () [\Z ()(-)*50()51'#)!(=%''-%+'+)&!%$. )(#&$(!%+-'!+4"%!,%(#9C'-%+(#%+ $''$,(!%='%<'!$.%$.*!) 52/=5BB()/19=5693)!-!')-"(%)$'?0() B0'+4"%!,%$150'+)$,' !,#)-,3!'-%+

PAGE 142

!)(#+4"%!,(3)!-'4"$+')*+#'"A+ ((#$,''()-%+:n;*! '%,$(%*%,"'%$.'($,!,3!)()+)-'#' ,('('(n!+)$&!(,*!) '!%')*r%.'()'%$.-M!-'( !r(N:r;*)!(3!'"A+( "'%$.+"'()')*(!:(= #(#@)! '$+(%+ ''+#"'(('$%(, ((';#%'*)!('3,'"3(!+%$.'$,'. $((%)$ -#.n %.#(&$(!%+"-!'#3'$-<,($,''():n;'%$+(#%'(%3)%$( !*-+('+!,%++)$(!+(%-*"$+(%)$:!/05/> $+%$%52C6;>(#%$(!&$(!%+"-! '3(-.)(!'#)"-,=%--)'(-(!,( (#%'3)%$(%$# $,)+!,%"'$"--(!+,*!)(#1/'"A+( '$,'.$(,'r+)$()"!' "'%$.$3:"-/009;#(!+"-!%$ +-",,%$(#+#!&)-"# '!%$(!3)-(,*!)(#r--3'"'%$ .-%+!?r:*"$,,3$)"!+ )*(!;: %3!/05B ;$,'()!,'3)-.)$-'#':)('+#/050;n +#'#:)! '#3;'(#$&%'"--&-%,(,'"3!%3)'%$. (#)(%$,'#3)$(# +)!!'3)$,%$.%.#)") -#.n #3!)()+)-,&-)3,*)!.$!(%$.'#'*!) +#)*(#B03(%$('$, 5/+)$(!)-'"A+('%'%--"'(!(,%$%.1?%. 1?'#)'(#'#)!(=%'(!+%$.')$(# %.1?'#)''#"!(#!&-%,(%)$)* (#'#'3!*)!, &%'"--+)$*%!%$.(#((#)"(-%$')*+#'# *%((,(#)!,!')*(#)*(# +)!!'3)$,%$.:%.1?;

PAGE 143

rr "()*(#1/'"A+('?C'#3'!4"%!,5() 50%(!(%)$'()'"++''*"--%.$()(#+))$+))!,%$(: R. d )* jŠJ¡ +% #'#3'! +-''%*%,'#)).$)"'+"'(##&+)$'%'( $(3((!$')*'#3,%'(!%"(%)$ %(#+)$&!.$+3!(! j +-)'()S!)'!*-+(,%$%.1B#)(#! 5B '#3'+)"-,$)(+)$&!.: j" ;*(!=%":)"(100;%(!(%)$'+"'(# -.)!%(#+(!33,%$-)+-%$%"$,'%$." -!%(%'#''#3'! +-''%*%,'#(!).$)"':!*-+(,%$%.11; ((#%'3)%$(#,)$-?C'#3' *)!$-'%'>$%$(!,%('((%'(%+-$ :%.1B;'+)3"(,*!)(# #)).$)"''#3'&!-%(!(%)$')*(#$ '#3%(#!'3+(()(# #)).$)"''#3,)$'(!(,(#((#'#3' --+$(!,:%.1B;()(# -%.$,#)).$)"''#3#%$(!,%('#3 3!)&%,,"$%',+))!,%$( ''($,"$%',! !3-+$(''(*)!*%, "+%--%.$$(

PAGE 144

1#6%0 '#.$!(%)$3%3-%$8(!+%$.)$(# '(+ >'#8 '#)&!-%,)$+)!!'3)$,%$.%.

PAGE 145

n 1#6%5 ;?C'#3'-%.$,#)).$)"'-:!,;%(#(# $Kr)*+)$&!.$+ 3!(! jŠJ¡ #-.)!%(##%(-)+-%$%*)!5B'#3':!, ;%(# +)$&!.$+3!(! j" % ;%$(!,%('((%'(%+-$+)3"(,*!)(# #)).$)"''#3';(#'((%'(%+-$%'-+$(!,)$(##)).$)"''#3' $,"$%',()$'#3%(#%$(##)).$)"'3) 3"-(%)$ 1#6%6 8;n=3-)*(!).$%(%$'#3'%'#$ ,*+(,'#3*%-'() -%.$)$+))$+))!,%$(*(!=%"%(!(%)$ ';#%'%'(#-&-)* %$+)$'%'($('#3,%'(!%"(%)$)'!&,%$)"!(! %$%$.'(

PAGE 146

)nr ()(-)*($(:/0;--')!*%,"+%-'!3+,((#3"-)$!&-& :)"(*-)(!+ ;(!%+"'3%,&-&:%$*-)(!+ ;%$ *"$,%"-"$,(#3=)*(# %$(!,%('((%'(%+-$'#3$(4"%&$(--'!3-+,('%%-! 3)'%(%)$')$(#5B#(!).$)"''#3'$,(# !%$,%&%,"---%.$,()(# %$(!,%('((%'(%+-$:!*-.)!%(#/; -%.$$(%(#))($4"!n!!)! :n;+-)'()S!)%$,%+(''"++''*"--%.$$( %&:1;-%.$$(#,n\0/1 $,!!3(,50(%'"$(%-*"---%.$$(! )'!&,: R. d )* ¢J £ ;:!*-+(,%$%."!19;"'4"$(-(#'# (!).$)"''#3'!,,,() (##)).$)"'()=%%<(#3)3"-(%)$()1/ '#3'

PAGE 147

1#6%8 %,"+%--%.$$()*#(!).$)"''#3() $'#3+))!,%$(; /0*%,"+%-! !'!3-+,+#)$)(#'#3' )$-%+!*!!$&%!)$$(# $'#3%''#)$%(#,! !+)-)!!$'*)!(% )$'($(#()*%,"+%-'! +)3"(,%(#(##-3)*$(!+(%&(#)$+"'() +),=($'%)$%$(#-%+! $&%!)$$(;#(!$'*)!(%)$'!33-%,() (##(!).$)"''#3#%+#%' '$-%.$,)$()(#$'#3;#*%$--%. $$()*--(##(!).$)"' '#3'r;%$-'((%'(%+-$'#3

PAGE 148

r 1#6%9 !%!'#3+#$.'*)!(#*%!'(?),')*&!% (%)$'),5'#)' %$+!'%$.+)$(!+(%)$)*(#)"(-(&-&),/ !&-'+#!,%-((%)$$,),? +3("!',%-((%)$)*(#%$-(&-& #*nn &( #)) ( ' 8#*%!'(?C),')*(#1/,('(!+)3! ,()(#' ),')*?C#)).$)"',('('3-)((%$.(#%! +""-(%&&!%$+'.%$'((# ),'!)%.1C%(%')'!&,(#()$-B), '!$,,()!+)$'(!"+($ %$'($+)*(#,('(%(#C0F+""-(%&&!%$+ )3!(%&-55),'!

PAGE 149

$,,#$(#,('(*)!(#?C#)).$)"',( '(#),-')!+)3+( #$(#3)3"-(%)$'=%%<,()1/'#3' 1#6%: )3+($''+3+%()*(#%$(.!(,&'#)).$) "''#3'#1/ %$(.!(,,('($,,A"'(B),'()+3("!C 0F)*(#&!%(%)$'#%-'((#?C #)).$)"''#3'!4"%!,55),')3+(+3+ %(%'!-(,()(#'3-'%< (#/'r %."!12'#)'(#$'4"!!+)$'(!"+(%)$! !)!*)!1/,('(' $,?C,('(''*"$+(%)$)*(#$"!)*&!% (%)$),')!+)$'($($"!)* ),'(#!+)$'(!"+(%)$!!)!%'#%.#!*)!?C,( '('(#$*)!1/,('(' n r

PAGE 150

1#6%; 3+%*%+%(!!)!)*(#%$(.!(,'#3'&'(# #)).$)"''#3'#?C #)).$)"''#3''#),.!(!!!)!!.%$+)3 !,()(#1/%$(.!(,'#3' r !!

PAGE 151

))) $(#%''(",*%,"+%--%.$$(33!)+#'3! )3)',()%$(.!(#%.##(!).$)"''#3'%$()+#!+(!%<(%)$)*)* 3,%(!%+3(#)-).3-.", %(#-%%(,'3-'%<#33!)+#'('(, %(#'((%'(%+-'#3),-%$.() =(!+(3!%!'#3&!%(%)$'%(#%$(#+)%$, #)).$)"'$,#(!).$)"' '#3')3+($''+3+%($,'3+%*%+%((!%+ '!"',()&-"((#3!)3)', 33!)+#,,%(%)$-,(%-')$(##(!).$)"'' #3'$"-*%,"+%--%.$$( 33!)+#'((%'(%+-'#3),-%$.%3-%+(%)$' )*%$*%$,%$.'$,+-%$%+-!-&$+ )*(#3!'$('(",!3!)&%,,%$(#'"'4"$( '+(%)$'-) n, #%'33!)+#+$#-3%3!)&(#$)$%$&'%&=% $(%)$)*$()%$ 3,%(!%+3(%$('n+#)+!,%).!3#%++-%$%+%$'+ $(+#)!M*%(N$3(%$(' $()%+-3((!$'%(#-!,!+)$'(!"+(,'(( %'(%+-),-')*%&$(#((# !+)$'(!"+(,),-')*'#3'!'')+%(,% (#-&-')*%)! !+#$.'(#$ '"+#(+#%$.+$5;3!)&%,$)$%$&'%&%$'%.#(%$ ()(#!%.#(&$(!%+"-!!(!%-:; #),$%+'(()*(#$3(%$(/;,%**!$(% (3(#)-).%+-*!)3#'%)-).%+'#33((!$'&nnr #+)3+($''+3+%($,'3+%*%+%(,(!%$' (#)"(+))**%((%$.(# !+)$'(!"+(,),-'()$3(%$($()%+-3(( !$'+)3+(),-!4"%!' *!3!(!'()!+)$'(!"+((#),-$+) 3+(),-A)!%()*(# &!%(%)$'!!'!&,%$(#*3!(!'$, %$%-&!%(%)$'!!(%$,%$(# $)%'+)3)$$('$(#%'3!'$('(",(#33!)+ #')!+)3+((#$(#

PAGE 152

+)$&$(%)$-33!)+#'"..'(%$.(#(+)3+(+3+ %(,3$,')$(#'3-'%< 3+%*%+%(!*!'()#)++"!(!+)$'(!"+(, '#3(+#'(#+-)''('#3%$(# (!%$%$.'(#'3+%*%+%(!!)!'#%.#!%$( #?C#)).$)"''#3'+"' +)$'%,!-)"$()*&!%(%)$'!!(%$,%$ (#$)%'+)3)$$('# +)3+($''+3+%($,'3+%*%+%(!,%!+(-! -(,()(#'3-'%<(#!*)!%( %'$+''!()+)3-$("()(%+-%.$$(%(# $"-*%,"+%-''+#%$(# '((%'(%+-'#33%3-%$'(.'%$)!,!()=%% <%(''((%'(%+-3)! )nr #!%.%,-%.$$(-.)!%(#*%-,()"()(%+--%.$(##(!).$)"' '#3'+"'%$)'(+''(##(!).$)"''#3 '#,"-(%3--$,! '-%.%*)!-%.$$(#%+#+)$*"',(#-.)!%(#$,%$) (#!+''(#!!$) +)!!'3)$,%$.+))!,%$(')*-%.$$()3-) ,"'!%$(!!+(%)$', (+#$%4"()'"A+(%&-'-+(-)+(%)$':*%,"+% -'! !';)$(!$,!!)!'%')$(# #(!).$)"''#3'%,"+%--%.$$(%'33-% ,%$/r'#3$-'%':"3#!%' /05?;"(%('33-%+(%)$()?r'#3%'%''%$.3 !(-+"')*(#,%**%+"-(%$3-+%$. ! !')$?r'#3+$()3$')"!+=($'%)$' : $.%/059 ;$,3-".%$'%$-%+! #&,%(3)''%-+!!)"(?r*%,"+%--%.$ $(%(#)"('%$.--%$)*+),"! A)!+)$(!%"(%)$%'(#"')*$"$%','((%' (%+-$'#3:r"!!-$/002;() +('(-'),-)$#%+#(##(!).$)"''#3 '!-%.$,#(-'3!)&%,' )(#+))$+))!,%$($,"$%',-)+(%)$'()*% =(#+)!!'3)$,%$.+))!,%$(')$ (##(!).$)"''#3'%$+(#%'$'#3' =(!+(,*!)(#,%'(!%"(%)$)* #)).$)"''#3'%(,)'$)(!3!'$($'#3 %(#%$(#(!%$%$.'($,''"+# (#*%,"+%--%.$$(%'$)(%',()'3+%*%+ '"A+(J')!3#)-).$)"!$-'%' %(()) )"(B1%$"('()-%.$(#5B#!.$)" ''#3'(#!)".#*%,"+%-''.%$'( 51%$"('()!%.%,--%.$(#?C#)).$)"''#3 '

PAGE 153

/nn #-%%((%)$)*(#%'33!)+#%'(#-)$.!,"!( %)$*)!3!*)!%$.*%,"+%-%.$$()*?r'#3'$-% /r'#3?r'#3' #'&!%,()3)-).%''3+%--*)! 3,%(!%+#%+##'+)3-='(!"+("!$,+$! ),-*!)$,%!+(%)$$(#%' !'!+#%(()) (#=3!(B1%$"('()3-+*%, "+%-')$)(#(#$$,5B #(!).$)"''#3'$,'"'4"$(--%.$,(# #-%.$$(,"!(%)$+$ -%((--)$.!*)!')-"(.%$$!'#!*)!" +#**)!(%'%$&)-&,%$,+%,%$.$, 3-+%$.! !')*#(!).$)"'?r'#3'

PAGE 154

<"# ) ". (##"! )###" (#), #%''+(%)$,'+!%'(#33!)+#*)!),-+)$'( !"+(%)$)*(#!%.#(&$(!%+"'%$.!$-#$(%!),-%$.3!)+,"!%' '"!%<,%$%.150#%''+(%)$ %--+)$+$(!()$),-!,"+(%)$',)$'($, !,$, !$-1#6%$@ 8)$-%$!',)$!$-85;.$((%) $-%.$$($, +)3"((%)$)*'((%'(%+-$'#3/;3-)()*$) $-%$!,('($,3!)A+(%)$() #%.#!,%$'%)$(#!)".# !$-*"$+(%)$#!%(% '-%$!%<,%'33-%,((# #%.#!,%$'%)$

PAGE 155

n #nn! $+)3"($=')*(#!'%,"-'(#(=% %<(#&!%$+-)$.(# =')*(#!'%,"-'@' ()*%$,(#='%(# =%"&!%$+':-)$.%(#(# ,(%')'('3!,)"(;r3 /7 )-. 8#'%+'(3'*)!=(!+(%$.,)%$$(&!%(%)$' %(#'($,!,%'=3-%$,-)8 5 )3"((#+)&!%$+(!%= *!)(#'($,!,%<,:$,A"'(,;,('('8 – 4– :¤4¤ } ;<:¤4¤ } ; / )3"((#%.$&+()!'$,%.$&-"'*!)(#+ )&!%$+(!%=%$'(358 rii.aˆe˜ey•^i € 2‚7ƒ2ƒ‚ƒ7 „2„‚„7… 9 € ?2 ?‚ ?q… +)$(%$'3!%$+%3-=''n%.$&+()!'$,+)$( %$''')+%(,n%.$&-"'8 †6Nnq‡nsutz3ˆn‰n"@nŠ@&(&@n7‹†6Nnq‡lmrn3ˆ?‰?"@?ŒŠ@&(&@ ?Œq‹#n%.$&+()!'!3!'$(%$,3$,$(3!%$+%3-= '#%+#+$"',() (!$'*)!(#$,A"'(,,('(%$()(#%!3!%$ +%3-+)3)$$(':; ? #))' $"!)*%.$&+()!'(#(+)!!'3)$,()(# -!.'(%.$&-"' #+!%(!%)$*)!*("!''-+(%)$%'',)$(# !(%))*(#'")*(# / -!.'( n%.$&-"')*()(#'")*--(#&!%$+'.%& $8

PAGE 156

r ’ L> ¦>8%’ L> )>8% B )$'(!"+($)!-%<,3!)A+(%)$(!%= • )*(# '-+(,%.$&+()!' •$C%DC'(DC¦, 1 !$'*)!(#$,A"'(,,('(%(#(#3!)A+ (%)$(!%=@())(%$(# ,%$'%)$*("!'3+ 8 §•-f:¤4¤ } ; § +)$'%'(')* 3!%$+%3-+)3)$$('!,"+,,% $'%)$'(*!)(##".'#3 ,('('$(#'"'4"$("' § ()+)3"(,)%$$(3(#)-).%+-'#3' #)/ ."1 ". (#) 8)!+)$'(!"+((#,)%$$('#3'=(!+( %.#(+)3)$$(*)!+#3!%$+%3-+)3)$$('8 M§-f:¤4¤ } ; @#! M$M%&M'&(&M¦, &!%$.(# M>:%(#%$(3%+--%%(' 4¡ P ?6 ¨I6¨¡ P ?6 ; +$-%$!-33!)=%($3(#)-).%+-'#3%(# %$(#3)3"-(%)$ #0! #-%%((%)$)*'($,!,,'+!%,)&%'( #(%((!('(#'#3,('(' '-%$!-'3!-#%'''"3(%)$$)(& -%,*)!#(!).$)"'3,%(!%+ '#3'#%+##&)!+)3-%+(,'(!"+("!'# !$-%,(),-%(#,( +)3-%+(,'(!"+("!'%'()3!)A+((#)$()#% .#!,%$'%)$#!%(+)'

PAGE 157

-%$!-'3!-#%'%'+#%&,%(#$)$-%$ !33%$.*"$+(%)$($,!,+$ '"'4"$(-33-%,()=(!+(-%$!,*)!(%) $'((#$*("!'3+:!*%. 155;1#6%$$ 8'%+%,)*!$-8"'%$.$)$-%$! !$-*"$+(%)$ © %3-%+%(-3!*)!'%'3)''%-#%.#,%$'%) $'3+#%+#%'$)$-%$!-!-(, ()(#%$3"('3+,)3(,*!)+#))3*(:5226;((#$)$-%$!33%$.*"$+(%)$ ª (#$(#33%$.)*'#3,( 2 %','+!%, '8 2«ª:2; #%'%'+--,(# !$-*"$+(%)$# !$-*"$+ (%)$(!%$'(# !$-,(3!)A+(%)$ '"+#(#((#!+)$'(!"+(%)$!!)!%'%$%%<, (+#%&'(#( +-+"-(%$.(#,)( 3!),"+()*(#,%$'%)$')*(#,('( 2 "$,! ª 8 ¬b&­ª:26;ª:2®;)) A##" !*)!%$.'($,!,(#%.#!,%$'%)$:$ *("!'3+;+$ &!+)'(-$,%$**%+%$(:@$./05/;#)& !+$"' !$-(#),'() '%3-%*(#+)3"((%)$)+))$-"', ! $-'!(#3)-$)%!$-8

PAGE 158

r ¯ : #&* ; :#-*;° $,(#"''%$ !$-%(#*!3!(! ¯ : #&* ; ±²³: 4 ´ D #4* D ´''• ; #3)!)* !$-(#),'%'(#(,)$)(#& ()+)3"( ª:2®; =3-%+%(-@+$ ,%!+(-+)$'(!"+((# !$-(!%=*!)(#(!%$% $.,('()*'#3' r3 /7 )-.##" #'%+'(3'*)!+)3"(%$.'#3&!%(%)$' (#!)".#"''%$ !$-%''#)$%$(#'"'4" $('+(%)$ 5 )3"( !$-(!%=*!)(#(!%$%$.'()*,( _ #>` ¬>&µ¯ ¶ #>&#µ· ±²³: 4 ¸´ #>4#µ´¸''• ; )!&!3%!)*,%$'%)$: b&­ ;=3-%*#&,('()*10,%$'%)$' :)!'3-';(#%''(3)"-,!'"-(%$'(!%+ 10=10 !$-(!%= / $(!(#!$-(!%=%(#!(!%=(%'$)(."!$(,#(#!(#!$-(!%=%' +$(!,:)!#'
PAGE 159

@#! –Ÿ%':-% (#!$-(!%=; U#U (!%=%(#--&-"'4"-() – U | :%'#)3/009;((#%'3)%$(n%.$,+)3)'%(%)$((#*("!'3 ++$+!!%,)"( ? n=(!+((#%.$&+()!'$,'')+%(,%.$&-"' ¬wl©L¦Ul© @#! l© %'(#%.$&+()!'((#*("!'3+ L¦(#%.$&-"' ¬y !3!'$(!(!%=$,%'(#$"!)**("! ')*'3-' B )3"((# !$-3!%$+%3-+)3)$$(' *¦: # ; 5l©6:2;f¯ : #&#>;Ÿ >8% #)/ ."1 ". (#) 8)!+)$'(!"+((#,)%$$('#3'_ #>`*!)(# !$-*("!' *¦3-)$%(!(%)$.%&$8 +EA% ’ ¹>±²³: 4 ´ D +E4#>D ´''• ;#> Ÿ>8%’ ¹>±²³: 4 ´ D +E4#>D ´''• ;Ÿ>8% #,!%&(%)$')*(#'4"(%)$'+$*)"$,%$ (#=+--$(!&%)*@$.( -:/05/;

PAGE 160

.#/ )) A##" &## #"''%$3!(! ,(!%$'(# 3!*)!$+)*(#&!%(%)$=(!+(%)$:@$./05/; #3!(!',(!%$,%$ (#*)--)%$.$$!8)!+#,(3)%$( #>-((#,%'($+*!) #>()%('$!'($%.#)! d> ŸŸ(#$ +)3"(,*)!)"!,('('8 R.:d> ŸŸ; "'4"$(-(#3!(!%'&!%,'8 –\ $, –\\ @+#)'(# 3!(!(#(3!),"+,,%'(%$+(+-''%*%+(%)$) $.(#3!%$+%3-+)3)$$(' #*nn @+)3!(#!'"-(')*(#$)$-%$!', )$!$-()(#-%$! ',)$'($,!,%(#(!%+#%+##&+%$%+-'%.$%*%+$+8!+)$'(!"+(%)$ !!)!:++"!+)*!+)$'(!"+(%)$;#)r) #++"!+)*(#),-:(#!+)$'(!"+(%)$!!) !;%''"!, %(#(#,%'($+!!)!(!%++--,$')-"( ,%'($+:r;:))#%/05?;%&$ ()'#3'$,!3!'$(,'3)%$('('8 º‰%&'&(&)‹ $, »‰M%&M'&(&M)‹ —º¼ : º&» ; – ½ – . 5d : >&» ;) >8%G – R 5d : º&­ ; µ8%¾ @#! d : >&» ; ™š›µ´ Mµ4>´

PAGE 161

n=3!%$( ' )($(%-'"A+('#)#,(#,%.$)'%')*! !(!)'3+(%&-!&%,*!) $33!)&,,('$(%(-,!)'3+(%&n &-"(%)$)*,)-'+$('$,#%-,!$ %(#"-)$!!(!%-3!($'%)$:n;@%$ +-",,$'"A+(%(#,*%$, '\/1.3!&%)"'+(#(!%<(%)$)! 3 ''()-%+3!''"!'(%(, \103!+$(''(%++#)+!,%).!*)!(# .)*5C!'.(+#, +)$(!)-'"A+('!!+!"%(,)$$'+#"(<,%+3"'&%,&!(%'$(n=+-"'%)$ +!%(!%%$+-", $)$+!,%+)!3"-)$!,%'' &nrr '+$$%$.'3!*)!,"'%$.'(,'((*! 3!+''%)$+%$.!,%$(+#) '4"$+'"A+('!%.,)$51%$'& $()'+$$!:%$'-(#! -&!$;3(%(%)$(%!$.,*!)?9 ()11'$,+#)(%!$.,*!) 55()5?'%(#*-%3$.-)* XYZ () [\Z ()(-)*50()51'#)!(=%''-%+'+)&!%$. )(#&$(!%+-'!+4"%!,%(#9C'-%+(#%+ $''$,(!%='%<'!$.%$.*!) 52/=5BB()/19=5693)!-!')-"(%)$'?0() B0'+4"%!,%$150'+)$,' !,#)-,3!'-%+ !)(#+4"%!,(3)!-'4"$+')*+#'"A+ ((#$,''()-%+:n;*! '%,$(%*%,"'%$.'($,!,3!)()+)-'#' ,('('(n!+)$&!(,*!) '!%')*r%.'()'%$.-M!-'( !r(N:r;*)!(3!'"A+( "'%$.+"'()')*(!:(= #(#@)! '$+(%+ ''+#"'(('$%(, ((';#%'*)!('3,'"3(!+%$.'$,'. $((%)$

PAGE 162

-#.n %.#(&$(!%+"-!'#3'$-<,($,''():n;'%$+(#%'(%3)%$( !*-+('+!,%++)$(!+(%-*"$+(%)$:!/05/> $+%$%52C6;>(#%$(!&$(!%+"-! '3(-.)(!'#)"-,=%--)'(-(!,( (#%'3)%$(%$# $,)+!,%"'$"--(!+,*!)(#1/'"A+( '$,'.$(,'r+)$()"!' "'%$.$3:"-/009;#(!+"-!%$ +-",,%$(#+#!&)-"# '!%$(!3)-(,*!)(#r--3'"'%$ .-%+!?r:*"$,,3$)"!+ )*(!;: %3!/05B ;$,'()!,'3)-.)$-'#':)('+#/050;n +#'#:)! '#3;'(#$&%'"--&-%,(,'"3!%3)'%$. (#)(%$,'#3)$(# +)!!'3)$,%$.%.

PAGE 163

'"-(' -#.n #3!)()+)-,&-)3,*)!.$!(%$.'#'*!) +#)*(#B03(%$('$, 5/+)$(!)-'"A+('%'%--"'(!(,%$%.1?%. 1?'#)'(#'#)!(=%'(!+%$.')$(# %.1?'#)''#"!(#!&-%,(%)$)* (#'#'3!*)!, &%'"--+)$*%!%$.(#((#)"(-%$')*+#'# *%((,(#)!,!')*(#)*(# +)!!'3)$,%$.:%.1?;!)(#5/'# ',&-)3,*!)(#+)$(!)'"A+(''((%'(%+-$'#3'+-+"-( ,:%.15/;%'"--(#%'$'#3 '--+$(!,$,4"%,%'($(()--(#-%.$ ,'#3'$%$,%+(%)$(#((#$ '$)(%',1#6%$, 8'((%'(%+-$'#3+)3"(,*!)5/#-(# +)$(!)-'"A+('# '#3%')&!-%,)$B03(%$('#3'$,*)"$, ()+$(!,()(#,%'(!%"(%)$)* (#3(%$('#3'.nn!nnrn" $

PAGE 164

#+#)%+)*(#"''%$3!(!,(!%$'(# 4"-%()*(# !+)$'(!"+(%)$@=3!%$(,%(#(#!:?;3! (!' R. ¶ d> ŸŸ· &:–\ ; $, –\\ #*%!'(3!(!'(#&!.)*$!'($ %.#)! ($+#&+()!%."!15?(#!)".#151'#) (#'3+(!")*(#*%!'(() 3!%$+%3-+)3)$$('*)!+#)*(#3!(!'@# $(#"''%$3!(! ''( ()?/2(#+)3)$$('!'3!(,&!--) &!#$(#3!(!''( ()?/2(#'3+(!"-)) ,A"'(-% (#'($,!, :'%.15?$,%.159;@ '"'4"$(-'((#"''%$3!(! *)!(#!$-$-'%'1#6%$0 -)()*3!%$+%3-+)3)$$(5)&!-%,)$/ ())'!&$)$-%$! '3!(%)$)*+)3)$$('*)!"''%$3!(! #+)3)$$('!3))!'3!(, " " " " " " " #$%& ' '

PAGE 165

n 1#6%$5 -)()*3!%$+%3-+)3)$$(5)&!-%,)$/ ())'!&$)$-%$! '3!(%)$)*+)3)$$('*)!"''%$3!(! #+)3)$$('! '3!(,"($)(&!-" " " " " " " (')*#&+% ' ' " " " " " " (')*#&+% ' '

PAGE 166

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

PAGE 167

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

PAGE 168

r 1#6%$: 8$!%(!!'#3:,%-((%)$%$(#+#!; %'+)3!,()'%%-! '#3),=(!+(,*!)!$-$,'($,!, #!+)$'(!"+(%)$!!)!%' -''!*)!!$-$,!$-!3!'$('(# 3(%$(((!(#$(#'($,!, 1#6%$; 8$!%(!!'#3%'+)3!,()'%%-!'#3 ),=(!+(,*!)!$$,'($,!,#!+)$'(!"+(%)$!!)!%'''!*)!!$-(#$(#'($,!,

PAGE 169

))) $(#%''(",$)$-%$!',)$!$'3!)3)',()=(!+( &!%(%)$'*!)#(!).$)"'3,%(!%+,('(' +)$'(!"+(%)$!!)!'"',() +)3!(#33!)+#()',)$'($,!, ,,%(%)$-,(%-')$(#$, !$-%3-%+(%)$')*%$*%$,%$.'$,+-%$ %+-!-&$+)*(#3!'$('(",! 3!)&%,,%$(#'"'4"$('+(%)$'-)!n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nn0n!nn )+))$-"', !$-'!(#3)-$)%-$, "''%$ !$-'"''%$ !$-'"',%$(#%'+"'%(%'%$("%(%& '()%3-$($,3)''%-() !+)$'(!"+((#)!%.%$-'#3:@$./05/;#3 !(!'-+(%)$*)! !$,(!%$'(#3!*)!$+)*(#-.)!%(#++)!, %$.()@$.(-:/05/;(#%' 3!(!"'('--!(#$%$(!*("!,%'($ +'$,-!.!(#$%$$!+-'' ,%'($+#!*)!$()"((#3!(!'+(%)$%(# $!'($%.#)! (#),$,'(!(,)**%(#8

PAGE 170

R.:d> ŸŸ; #%'33!)+#$'"!'(#((# #&%,!+3("!!$.$,%--$#$+(# +)$$+(%)$($,(3)%$('(#(!+-)'() +#)(#!%$(#)!%.%$-*("!'3+ $)".#,(3)%$(':@$./05/;$(#=3!%$( ( !-()'3!( ()3!%$+%3-+)3)$$(':!*%.151;&n)r (')'!&,(#*)!(#*%!'((#!),')*& !%(%)$(# !$!+)$'(!"+('$,!3!'$('(#)!%.%$-'#3(( !(#$'($,!,33!)+#:!* (#!+)$'(!"+(%)$!!)!'%.156(#!)".#%.15 2;# !$-'-() ,)$'(!()!'"(-$,+)3-=#%,,$*("!' %$#!$(%$(#)!%.%$-'#3 (#$(#'($,!,#%'%3-%'(#(#(!).$ )"'3,%(!%+'#3'!),--)$. $)$-%$!$%*)-,$, !$-%'$**+(%& 33!)+#*)!,'+!%%$.(#'+)3-= *("!'nn #%'33!)+#+$#-3%3!)&(#$)$%$&'%&=% $(%)$)*$()%$ 3,%(!%+3(%$('+)3!,()'($,!,33!)+ #'n+#)+!,%).!3#%++-%$%+%$'+$ (+#)!M*%(N$3(%$('$()%+-3((!$' %(#-!,!+)$'(!"+(,'((%'(%+),-')**(#!+)$'(!"+(,'#3'!,!%& ,')--*!)(#)''#3' 3))!-!&-(#+)3-=?r!),-%$.#!*)!( #!+)$'(!"+(,'#3',!%&, *!) !$-+-)'-M*%(N$3(%$(''% (%'%--"'(!(,%$(#%''(",%&$(#( (#!+)$'(!"+(,),-')*'#3'!'')+%( ,%(#-&-')*%)! !+#$.' (#$'"+#(+#%$.+$3!)&%,$)$%$&'%&%$'%.#( %$()(#!%.#(&$(!%+"-!!(!%-: ;#),$%+'(()*(#$3(%$("+#(( !(#$(#'($,!, 33!)+#'

PAGE 171

/n #3!(!%+33!)+#,'+!%,%$(#%''(",!4 "%!'(#((#3!%)! $)-,. )*(#,('(*)!(#'-+(%)$)*3!(!& -"'#+#)%+)!'-+(%)$)* 3!(!&-"'+$.$!(%'%$(#*%$-&! %(%)$+)3"((%)$

PAGE 172

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

PAGE 173

r7 nrrn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n r$,''()-n;%'(#*%!'( )'(%3)!($(,+%'%)$() *)!'.$((%)$ $,'"'4"$('#3$-'%' "'4"$(+(%&%('"+#''#34"$(%*%+(%)$)! +)!!-(%)$,3$,')$(#%',+%'%)$ $)*%,$(%*%$.(#$,,%'()-%+)!''()-% +(%*!%'()"'(#%3')$J' "-$)'(3,%(!%+,('('(#n)*(# )++"!'-%((-!-%!(#$(#n)* (#$,"-(%3-%$'($+')*(#(''()-%+ 3#'-)) '%%-!()(#n)A"'(%* (#%'+-%(#)*3,%(!%+3(%$(''. $(,$,=(!+(,:%(#(#' '.$((%)$$,'#.$!(%)$)! *-);((), %**!$((%3)%$('%$''()-85; (%3)%$(A"'(*)!n$,/;(%3)%$((n '!*-+(,%$%.95-)

PAGE 174

1#8%$ 8"(-,%**!$+'%$'#3)*(#'3(%$( (A"'(*)!n$,(n ,)$'(!((#(+)$'%'($((%3)%$('#)"-,+# )'$+!)''(#(!%$%$.'(' #()'#3')*(#'3(%$(!)!3#)-).%+ --,%**!$((#)".#(#%!/r '-%+'-)) =+(-(#')$()%+-* ("!')*(#'+)$,'#3!)! 3!)$)"$+,#&)-")*%('+&%(%'!,"+,(# +&%(%''(!(+#,$,(#3=%' $!!),'"..'(%$.%$+!',A+(%)$+)3!,() (#*%!'('#3*%$+)$'%'($((% 3)%$('!+#)'$*)!'"A+('(#=(!+(,'#3 ),'%--$)('3+%*%+()(#' (#nr)!n(%*!(%'!+)$,,(#( =3!()!+!,%)-).%'(."%,$+%' ')".#(%$%,$(%*%$.(#'3+%*%+(%3)%$('+!) ''(#(!%$%$.'( %'-%.$$()*3(%-r(:(%$(r('(; $(#+)"!')*+4"%'%(%)$(#'#3')$ +4"%!,'-%+'!-% -() '#%*(,$,%'-%.$,,"()!(#%$.!(*+( ')*(#+#%-,!$#+)$'4"$+)* (#%'-%.$$(%'(#((#'.$(,%$+)!3)! (''%.$%*%+$('.$((%)$ !(*+('$,')(%'(#!+)$'(!"+(,'#3' #&#)-''3+%--#$(#! '.$(,*!))(#-)),3))-$,$,)+!,%""+ #!(*+('!$)(+"', +#$.'%$#),$%+)!*"$+(%)$-! !'#%' )'!&(%)$'!*-+(,%$#3(!

PAGE 175

n B#!)"(#-*)*(#3)3"-(%)$)*(#'#3 '!$)$$%*)-,:%(#-!. #)-';$,!%')-(,*!)(#$-'%'+)$' (!"+(%)$ )%--"'(!((#%'-%.$$(%''"(!+,(# *!)!3,%(!%+,('($, (#$!+)$'(!"+(,(#%'%$%.9/ 1#8%, 8#(!+%$.$,'"'4"$(=(!+(%)$'#)'(# (')'-%+'!'#%*(, !-(%&()+#)(#! #%'-%.$$(%'+-)'-'$#$(#'#3 %'!+)$'(!"+(,'%$%.9/ n+#'-%,%''#%*(,!-(%&()(#3!&%)"''-%, #'#%*('+$-')'$)$(# )"(-%$)*(#,('()$(#-*(#''#%*( '$,%'-%.$$(,,+-%$%+-%$'%.$%*%+$(&!%(%)$'()(#),-''"+#(# $-'%'$)(%-,%$3!%! '#3),'

PAGE 176

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

PAGE 177

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

PAGE 178

r . (#&#")%.%,-%.$$((!(.%' '#3%''%,()!%.%,--%.$,()*%=,!* !$+'#3#$(#('#3%' (!$'-(,!)((,$,'+-,%$'"+#(#( %('&+(%+':(#$"!)*&!(%+' !%$%$(+(;!3!'!&,$!-%<,3!)+!"'( '$-'%':;$,($.$('+-%$. !3!*!!,(#),)*+#)%+*)!-%.$$()*?r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r%**))!3#%+-.)!%(#':'-/ B;!'"%(,()(#%''(",+"' '"+#-.)!%(#'!-(),-%(##%.#-+)3-% $($,+)3-=)!3#)-).%'-% (# 3,%(!%+'#3#'-.)!%(#'(!$'*)!(# +)3-%+(,'(!"+("!'%$() #%.#!,%$'%)$-'3+#!$)$-%$!%(%'%(#% $(#,('(+$-%$!-

PAGE 179

n '3!-:-%$!-.!+$33-%,()%(;# )$--%%((%)$)*(#%'-.)!%(#%' (#(%(!4"%!'(#"'!()'3+%*')3!( !')*(#,('( n=(!+(%)$)*r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

PAGE 180

n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r$-'%'()(%'!%'%$ )!,!()=3-)!!.$!(%&#!(.!)(#@+)"-, +)!!-((#'#3*("!'$, =%'! !'$,.!)(#&!%-@+)"-,'% "-($)"'-+)$'%,!'#3' ($nr$,n%(#(##-3)*'3(%)(3)!33!)+#'%-,%$.+)-"$'#3 (!%=%$'(,)*A"'('#3&+()!"',%$(#'( ",+$33-%,,%!+(-'(#%' (#),%''"%(-*)!'()*&!%-'" "#"#> # #'(",%,$(%*%,3!%!'#3),'(#(!*+(!-#),$%++#$.' "'"--"',()&-"(=%'-%$%+%$'+$ "'(#'%$,3$,$('#3+#$.' '3!%!$()%+-(!.('()."%,(#=%$(% )$(#!%.#(#!(%$(#%'*!.%3)3"-(%)$+)$,-%,$(%*%+(%)$)*(#''#3 '(#(!)'('$'%(%&()+#$.'%$ #),$%+'3!)&%,%3)!($(%$'%.#(%$ ()(#!-%)+#$%+-+#$.' %$*"$+(%)$%$3,%(!%+

PAGE 181

n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

PAGE 182

n rrrr.%(%!$ (-/05Ba((%'(%+-#3 ),-%$.)*(#%.#($(!%+-r%**!$(%(' (.')*),-%$.%$#%-,!$@%(#"-)$! 3!($'%)$8$$%(%-$-'%')$/9 (%$('a33516B9516B9.%(%!$ (-/051a((%'(%+-#3 ),-%$.*%.#($(!%+"-!:;r*)!(%)$ %.#-%.#(''')+%(%)$'($%)-).%+-$, ),$%+! !'$,)!3#)-).$ #%-,!$@%(#"-)$!3!($'%)$a5C nn8nn !%+$#)!+%+)+%(3350BB50BB % $-)) ((#'((%'(%+-),-%,$( %*%+(%)$nnn(!$'+(%)$')$"()(%+ +)$(!)-526B>528659/?-!."%!!n,<("!I!."% (",)*(#!%.#(&$(!%+-"'%$..$(%+ !')$$+%.%$.,%)-).b:n$.-%'#n,%(%)$;/0 5/>1B8/?5B1 )$I"3-$-#%)(+!%$,-@'I !%,!.'*"-$'')*(#!%.#( &$(!%+"-!''()-%+(),%'()-%+,"!(%)$!(%)() 3!,%+(*"$+(%)$-+3+%($,'"!&%&-%$+#%-,! $ %(#3"-)$!!(!%-#3!($'%)$#!%+$ A)"!$-)*+!,%)-)./050>5098B?09 '$)%'$(!%+"-)!(!% -+)"3-%$.%$$)!-$,*%-%$.#!(%$ #"$'%!+"-(%)$'!+#52C2>918BC?2?(($-+%,%$)'#8$%$(!+(%&$&% !)$$((),%($,!3%!(!%$.-'#' $#3),-%$.$,33-%+(%)$'/009/009 nnn$(!$(%)$-)$*!$+)$/009>B5B5 !%$I" !$+#I!%%&% (($n+(%&'#3),-%$.)*(# #%3%$(#3!,%+(%)$)*%$+%,$(#%3*!+("!I)" !$-)*)$$,%$!-'!+#/055>/98B9C 6B!!I!.)!I%,r'3,$)'#%, )'%(-!,%+(%$.3!).!''%)$() ()(-#%3!3-+$(8+$,)((!(#$!%' * +()!'-)$"'%$.+(%&'#3),--%$.'$ %.%$.%)! !P#"()-)./05/>15819/D60!!((r$!)-$#$#%-%3In,!, '!$$% -)+< )' % %)(#I!(!$,r&%,I '$'($(%(% )$$,!.%'(!(%)$)*'((%'(%+-'#3),-' )*(#*"!$,3-&%'"'%$.?r"-(!')"$,%.%$. ,%+-%.$-'%'/00C>5/8?1C?6B + I"**@!,$n+)((@@I!) !,%+(%$.*)!-$+ '(!$.(#*!))$ %$!-,('(!"+("!-33!)+#$&'(,%)5220>/189D5C + -#)!"$%.$<%3)!3#)-). %$*-"$+'(#3((!$)*,.()(# +("-!+!(%-.)$cI)%$(I)"!$-/001>C 68505/505C .%--!!)"&Y)"$')3"(%$.!.,*)!(%)$(!%+33%$.'&%.),'%+ *-)')*,%**))!3#%''$(!$(%)$-A)"!$-)* +)3"(!&%'%)$/001>9585?216 '-"-I$,%-r+(#),*)!!.%'( !(%)$)*?r'#3'$))(%+'r($((%& $(!$(%)$-)+%(*)!3(%+'$,#)()$%+'522 />1C9909 %'#)3((!$!+).$%(%)$+#%$!$%$./ 009>5/C5/C

PAGE 183

n ).!,I))!,.!*)-# !%.#(&$(!%+-"$,!3!''"!8+--"-!$, )-+"-!+#$%'')*!%.#(#!(*%-"!%$3")$!#3!($'%)$#'(I)"!$/002>5?1862BC0B )'+#I%A-$,%(+#---%&-,( 3%!I)$ )3"(!%,, ,%.$)'%'&%),-','#3$-'%'8"()(, +-''%*%+(%)$)*--)(%)$$)!-%(%'%$ +#)+!,%).!'+,%+!,%)-)./001>5/8?1C? 96 )('+#)-("---%/050 -(#!)$$%$.! !(%$)'(! In(,$)!()$IIr!.%I+)+ I3!)+$"',(),(+(!%.#(&$(!%+"!''()-%+,'*"$+(%)$%$3"-)$! #3!($'%)$n"!)3$'3%!()!I)"!$-/006>/ 286?66BB !,-)@%'I)#%,,%$!,%)&'+"-! .$(%+!')$$+%$3"-)$! #3!($'%)$I)"!$-)*!,%)&'+"-!.$(%+ ')$$+/05/>5B89 !+#R#-!#"%,)!%.$,-*R-!! (!%<(%)$)*+-)','"!*+'*)!?r'#3 ,'+!%3(%)$)3"(!&%'%)$$,%."$,!'($,%$ .5221>95851B560 !,$$!')$&%--!)--n%+) ---r!+("!!%' 3!,%+(%)$'',)$ '((%'(%+-'#3$,,$'%(),-%$.)*(#3!)=% -*"!I)"!$-)*)$$,%$!'!+#/05B>/28/020/500!"'I+),%.-%$)('%$A$3-%'%!'$($$+G-)! +#%&$)'((%'(%+-'#3),--%$.*! )! ()=(!+(?r'#3%)! !'*!) ,%+-%.%$.,(8''''%$.!+#)!3#)-).)* !3%!,+)!+((%)$)*(#)!(,%+%.%$./059>5985!"'I('%$A$3--%%.-%$)+), !'$($$+G'%+#%&$) -)!',?r'((%'(%+-'#3),--% $.!&-'-*(&$(!%+"-!)!3#)-).%+,%**!$+'($#-(#+)$(!)-'$,!(!%-' %(+#)3!(%)$'"!&%&)!'I)"!$-)* !,%)&'+"-!.$(%+')$$+/059>5C85!$++"!)#$$,!)3 %$'! $+%'--)! -)!$,!'$(# %!((%'(%+-),--%$.)*(##)-#"$*" !%$+)!3)!(%$..)(!%+$,(!%3!)3!(%',%+-$.%$!%$.c3#'%+'/050>?/ 81691 ('I)'#"#)'-(+#!!(%$($! !(##$()$$,)''@#%( !#3 ),-%$.$,$-'%'%(#$(!)3',3!(%+-' '('$$*)!(%)$!)+''%$.%$,%+.%$.3!%$.!!-%$%,-!./006>????B1('I)'#"%!%#!#)'-(+#!$, )''@#%( !n$(!)3',3!(%+-''(' *)!'#3+)!!'3)$,$+$5'(@)! '#)3)$ (#(%+-)"$,(%)$')*)3"((%)$$()8)(!%+-((%'(%+-$,.%'(!(%)$ (#),'*)!),-%$.%)-).%+-#3 !%%-%(/009>2022!3$(%!r-)+#r"3(%$I)!-)$, "%$%+r")'(+))$r$ !+)$'(!"+(%&)3!(%)$*)!+)!!+(%)$)*%(!$,(!%+"'3%,%$'"**%+%$+#I)"!$-)* (#)!+%+$,+!,%)&'+"-!'"!.!5265>9585? #$!)-$#%-%3In,!,'$,r&%,I '$(.!(%)$)*"-(!')"$,', !.%'(!(%)$%(#'((%'(%+-'#3),-'*)!+)3 "(!''%'(,)!(#)3,%+'"!.!$(!$(%)$)+%(*)!3(%+'$,#)()$%+'/00?>B5BB/B

PAGE 184

n #$n!$')!(#)<%)-I)'!# ((%'(%+-'#3),-%$.)*3!)=%*)!-'#3,*)!%(%'%$..D-&YD!(#',%' '$,'-%33,+3%(-*)!-3%3#'%' '()!(#!%(%'$,!(%-./05?>/58BB?BB2 %.$)$%--%!%)!'%$%r--3%$$ )&--%$<".-%'#-8$)3$')"!+ '#3!)+''%$.())-$n"!).!3#%+'(-%$#3( !)$*!$+/00C>5/25?9 .?r8)-"(!%+%.'.$((%)$$,&%'" -%<(%)$+%$(%*%+)3"(%$.$,.%$. $'(%("(:;/05B -).$')$r"**I"(#%&%&%!"-% "!$%$'((%'(%+-'#3),-)* (##"$'+)$,+!&%+-&!(!$(!$(%)$-A )"!$-)*+)3"(!''%'(,!,%)-).$, '"!.!/051>50850265506 ))('-)!I))3!r!#I+(%&' #3),-'(#%!(!%$%$.$,33-%+(%)$ )3"(!&%'%)$$,%."$,!'($,%$.5221>958? C12 ))('%---)!I'-I#"')* +(%&'#3),-'*)!-)+(%$.'(!"+("!'%$ ,%+-%.'$$*)!(%)$!)+''%$.%$,%+ -.%$.522?>??B63!%$.!!-%$ %,-!. )!((!+#$,%'G)$%+!)!+#%(+("!$, +#$%+-!'%'($+I)%$()$3%$ /005>9C8/26?01!!'r)#-!.!+#$d!!#3'((%'(%+ '%$ !$-'3+*)!&!%(%)$-%. '.$((%)$((!$+).$%(%)$/00?>?9852/252 B? '!$$' I+#%$,-!3-%$(!@$. ,)-)$r'().%!"5958C2920/ r!&%--(#%$$$"*!)! * )!%.'.$((%)$"'%$.'#3),-' $, !$-'3+'#33!%)!'nnn(!$'+(%)$')$ 3((!$$-'%'$,+#%$%$(--%.$+ /00C>?085?C15?22r&%'#),!%!)-I%$%$.%)(#) )('$,#!%'I-)!"%-,%$.?r'((%'(%+'#3),-',%!+()3(%%<(%)$,%+-.%$ .nnn!$'+(%)$')$/050>/282952C5 rH-)$<)n!'(I!'(-"!&%&-%$ 3(%$('%(#3!%!3"-)$!#3!($'%)$8 !'"-('*!)$(%)$-3!)'3+(%&!.%'(!$$ $(!$,5225>5518?B??B2 r)I)$'"! #)**r"$(!@'' r$(!%+"-!'(!) )! $,**%+%$+ )(#!%$$!-)3(%-,'3%(-(!,&'+"-! -),%$.!%+$I)"!$-)*#'%)-).!( $,%!+"-()!#'%)-).522?>/9B85C56C/B ,!"%A$!-$!&$%$$ $=%! .&!$,@%!)I%''$,3(%$.+(%& '#3),-'*)!?r'.$((%)$)*(""-!'(!"+(" !'%$,%+-%.'$$*)!(%)$ !)+''%$.%$,%+-.%$.3!%$.!!-%$%, -!./00? ,!"%A$!-$!&$%$$ $=%! .&!$,@%!)I%''$$(!+(%& '.$((%)$)*,)%$-)!(%+$"!''%$% .',%+-.$-'%'/00B>C85/6 5?C

PAGE 185

nn ,-[-)I"$-%')$!',$$,I"$ '#!'+$(,&$+'%$(#33-%+(%)$ )*+)3"((%)$-+#$%+'()(#,%.$)'%'$,(! ($()*+!,%)&'+"-!,%''&%'( n'3e)-,!,%)-).b:n$.-%'#n,%(%)$;/002>9/ 86C5C01 ,-!!)I$r%58/C9/2C r--J(-%I@-'#+"(,(!%$$(')*(# #$.)"(%$(!&-%$(#3"-)$!+%!+"-(%)$ !(I52CC>55985/C2D5/26 r-%.%$$%$%,!%$I'#"$.$,"$.S#) $.$.)$!%.%,/rK?r!.%'(!(%)$*)! 3(%$('3+%*%+!)$+#)'+)3'%"-(%)$%(#'((% '(%+-'#3),-%$.8#$()&-%,(%)$ ,%+-.%$.nnn!$'+(%)$')$/009>/185B 9/5B65 r%!(%$)n)!3rn**+()*&!%(%)$%$%$(! -"%$-(#!)"'+)$'(%("(%&3!)3!(%')$ ,)%$-)!(%+$"!'--'(!''$$%),n $./00?>?58C0BDC02 r%!(%$)n$(!)$<)-%-%''$)'( )!r#%'(-%)+#$%+')*,)%$)!(%+$"!'%$(#3!'$+)*$,)-"%$-(#!) "'8=3!%$(-+#!+(!%<(%)$$, '(!"+("!'((%++)3"((%)$-$-'%'n"!I'+ n$,)&'+"!.522C>518/20D/22 r%!(%$)n",.$%"!)--!%$% 3%!%()%.-%)-%(--"%,'(!"+("! %$(!+(%)$%(#%$!-%'(%+(#!,%$'%)$-), -')*(#$"!'(%+)!('."%,$+() ''''(#!%' )*!"3("!)*(#$"!',n$. #'/005>/?89B6D911 r"!!-$($-G&%!$$+-%$!)"&Y$ ,%+#)-'+#a((%'(%+-),-')*'(' )*+"!&'$,'"!*+'',)$+"!!$('a,%+%.$-'%'/002>5?862?C0C r"!!-$$$+G!)"&Y+#'"!%$ .!%$&!%%-%(&%'"-+--%$'!.%'(!(%)$8 ,%**))!3#%+33!)+#$$(!$(%)$-)$*!$+ )$,%+-.)3"(%$.$,)3"(! ''%'(,$(!&$(%)$3!%$.!!-%$%,-!./ 006 r"#)%$$%$.S#$.#%#"%%$.X"))" $,$.@"$=($'%)$)*(#-.)!%(# +)$'%,!%$.'+-*+()!$.!)+''%$.nnn $(!$(%)$-)$*!$+)$/006 $.X)'r(!#,!-'#.$!(%)$*!)& )-"(!%+%$!$,.!'+-%.' $%),%+-.%$.8!)$)()+!)/002 H02nnn$(!$(%)$-3)'%")$/002> 55B/55B1 !"! %!$%$()$,3(#)-). )*(#!%.#(&$(!%+-:%$+-",%$.+4"%!, (!%+"'3%,$,3"-)$%+&-&,%'';!,%)--%$ 522/>5085D/5 ,)!)&%+#--3(#!!I%$(I %--%)$)%$I"A)-"!I$$%$.'r $$'')$ "((%I?r-%+!'$%. +)3"(%$.3-(*)!*)!(#X"$(%((%& .%$.()! .$(%+!')$$+%.%$./05/>? 085?/?5?B5 -')$r&%,$,"#%$).%'()!(#!%(%'8 %'%(,%'')*+!(%-.)!)*)$P!(#!%(% ' c#"(%'/00B>108?B5?BB!!!%$%"+@-(!-$'-)*'$! &$"+#I)#$%!$,%< ,%!-#-)"-#3,%**!$+')*(#!%$& $(!%+-'%$-<#%!H',%''"!). /009>?/850905092%--%$.!!!.#&$!,%+(%)$)* !"3("!!%' %$,)%$-)!(%+$"!',"!%$. )'!&(%)$8--'(!''&!'"',%(!I'+" !./00?>?686/BD6?/

PAGE 186

n %$ %!#!%'()3#!a)$.!*(%$.$,)$ .!*('"'(%("('a#I)"!$-)*)$cI)%$( "!.!/00/>CB8B1BB9B )-%#)$$)3)"-)'+$$@-%$$$ ,<,%$)-$,n%(# -%$$$n+#)+!,%).!3#%+'"!$()*(# $)!-,"-(!%.#(&$(!%+-!%(%'##!( A)"!$-52C9>198??BB -"(&--Y"%-,%$.+)3-('"!*+ ),-*!)'3!',("'%$.'((%'(%+-'#3 ),-'833-%+(%)$()+)3"(!''%'(, $'"!. !$$(!$(%)$-)$*!$+)$,%+.)3"(%$.$,)3"(!''%'(,$(!&$(%) 3!%$.!!-%$%,-!.522C !$.%-A$,!)r$%-"+ !(I"-%+#$ -$,@%!)I%''$a"()(%++)$'(!"+(%)$ )*"-(%3-)A+((#!,%$'%)$-'((%'(%+-'# 3),-'833-%+(%)$()+!,%+ ),-%$.a !"" /00/>/5855155599 !$.%%!I-%&-,($,3$,$(+) 3)$$($-'%'%$'((%'(%+-'#3),-' $,%+-.%$.$(!$(%)$-)+%(*)!3(%+' $,#)()$%+'/00? -%L)3!"!()!%+ %+#%! I!!I.#((%)!!%'%$ %'I)<$+#<"%,-%$'*)!(#, %.$)'%'$,(!($()*3"-)$! #3!($'%)$n"!)3$#!(A)"!$-/002+(5>?0 8/B2?/1?6 $$ #!I@@'(!#)*!+"'I+ ! %' I@(-)$%$&'%&-'''', 3"-)$!!(!'(%**$''3!,%+(')!(-%(%$3" -)$!!(!%-#3!($'%)$#'( /006>5?/85209525/!!,%$n#Y(-(#"3%$"%$.$(r'.! $.'%%(#!r")%' #Y!%+!$!)n"'(+#"-(%,%$'%)$+-''%*%+(%)$)*#%33)+3-'#3*("!' ,%'+!%%$('-<#%!H',%''$,%-,+).$%(%& %3%!$(*!)$)!-.%$."!)%. /002>B685B695BC9!%."%,)!(%$($!rI)$'r$%-@%$ !.!$,I**!%!$a#3$-'%' )*!%$&$(!%+-'"'%$.'3#!a$(#(%+(#),'%$%),%+-.$-'%' nnn@)! '#)3)$/005>56556C !%.($!#$()$n%!$I#3 &!'"''%<83!)&,"$,!'($,%$.)*(# )!3#)-).)*!%$'(!"+("!'$$(!$(%)$-)$ *!$+)$,%+-.)3"(%$.$, )3"(!''%'(,$(!&$(%)$/0053!%$.!!-% $%,-!./005>/B?/ #)'-%&!!(b-,fG!%=$(I %(!I%-$)&I)(I!%"," "-(%3-$),-')*'((%'(%+-'#3$,3!) %-%(3!%)!'*)!"()(%+3!)'(( '.$((%)$$$(!$(%)$-@)! '#)3)$!)'(( $+!.%$.3!%$.!!-%$%,-!. /055>?1B9 ))!r%--#%@)$.$%(--*)!(%)$')*( ##!(8!)-).$()$,)3!(%& +)$'%,!(%)$'!"$c(!(()$>5261)),--)-%$!)+!"'('(#),'%$(#'((%'(%+ -$-'%')*'#3I)"!$-)*(#)((%'(%+-)+%(!%':(#),)-).%+-;52 25>/C1??2 )),$rI!!%')$r)33n+#)+!,%).!3#%+ *("!')*3!%!3"-)$! #3!($'%)$#!%+$A)"!$-)*+!,%)-).5 26B>??8B?CB?

PAGE 187

n )),!!!I+-)' n-'+%'3,$ %,r(-$%3!)&(# 3!,%+(%)$)*#%3*!+("!''''%$.)$'(!"+( "!"'%$.'#3$,33!$+),--%$.P)$ /05?>1?85CCD52?)!I)#$$!-%<,3!)+!"'('$-'%'' +#)(!% 5261>B08??15 !.)!I'3,$)!-.)(!'!%' * +()!*)!)'()3)!)(%+#%3*!+("!%$$$, )$,n$.#'/00C>?085/61D5/C9!.)!I'(%r(!($,!%--n%,r '3,$(#),*)!''''$()*(# '#3)*(#3!)=%-*"!$,%('!-(%)$'#%3() )'()3)!)(%+#%3*!+("!'()3)!)'$(/00B> 5181D55!.)!I@!'%$.IrI)-'%A$ @%$$'(-n!-%,$(%*%+(%)$)* !,%).!3#%+)'()!(#!%(%')*(##%3"'%$.$+( %&'#3),-()4"$(%*+#$.'%$)$ )!3#)(!%+*("!'g+$#%3'#3(--"'$(#%$ .)"((#3!).!''%)$)*)'()!(#!%(%'P !(#!%(%'#"/006>198?9?BD?9B?!$$,!%--!)3"((%)$-$()8$ !.%$.,%'+%3-%$X"!(!-)*33-%, (#(%+'522C>95692B,,,"$()'$(#-r"!3#rI%.#(& $(!%+"-!*"$+(%)$%$+!,%)&'+"-!,%'' 3!($()3#'%)-)..%$.$,*"$+(%)$''''$()*(#!%.#(&$(!%+-%!+"-(%)$ /00C>55685B?9BC-"+ $,$!'#--#)'!" -$,%+#-)$%$!'"!.! (!%$%$.3!).!'!,*)!&%!("-!-%(P'"!& )*3!).!,%!+()!'%$.$!-'"!.! I)"!$-)*(#!%+$)--.)*"!.)$'/005> 52?8990991 !!%'%+#-r$'%r(!)''@#%( ! n-%<(#I"!!"'#!%'()3#!(!'$, $,!n$,!')$((%'(%+-'#3),-%$.)*+ *)!)+("-!%3%$.$(I)"!$-)* !(#)3,%+'!+#/05?>?5859/059/9&! 3r$Ir%" +#%3#)*%(%! S%$'(!!!%@%$$'$,I$ @!'%$.!%(%)$%$A)%$('#3)*)'()!(#!%(% + $'!(#!%(%'c#"(%'/055>9?8?B05 ?B06%$$)%'$,$'(!%$5?81B?19? %$$)%''+#R$<%$.$'(!%$55/ )%#)$$)3)"-)'$()+#)+!,%).!3# $,$)!-!%.#(&$(!%+"-!,%$'%)$' !(/009>2/:'"33-5;8%/D%5?)3!! &+#3% ! )((!n(-) -)!%$(,(!($($,+)%$(%)$(#!3 *)!3"-)$!!(!%-#3!($'%)$n"!'3%!I/ 001>/98C1CC9? )(--%$.$-'%')*+)3-=)*'((%'(%+-& !%-'%$()3!%$+%3-+)3)$$('I)"!$-)* ,"+(%)$-3'+#)-).52??>/B8B56"3#!%'"$(!#$,'r(!,%$.r )!n$-'%')*3,%(!%+%! )!3#)-)."'%$.'((%'(%+-'#3),-%$.,%+ -c%)-).%+-$.%$!%$.c+)3"(%$./059> 5?

PAGE 188

nr I)'#%!$.!,r&%'((#%"I)%!$,"% ,)!%.$%',,%**))!3#%+(-' +)$'(!"+(%)$*)!+)3"((%)$-$()"!). /00B>515590 --$%+)-$"3$,#%(#%),%!$ #%&$$I)'3#"+ !$,%+)!)'-$,a-%,(%)$)*/D6+!&%+-'3%$*%$ %(-$(),-"'%$.'3+%$'3+%*%+ *-=%%-%(,(a,%+-$.%$!%$.c3#'%+'/ 050>?/8BC/BC2 $.@#%"-(%$.%&!r*)!(%) $,"!%$.'3%!(%)$'%$.3!')+("!'nnn+)3"(!.!3#%+'$,33-%+(%)$' /05/>?/8/2?C $.n$.-$,!@$++"!($, 3!+%'?r'.$((%)$(#),*)!' -('(!"+("!'%$&)-"(!%+,(nnn(!$'+(%)$' )$,%+-%.%$./00?>//81C912C #rG"!%$+I"!!$((#),'%$,%+ -%.'.$((%)$5$$"-!&%)* %),%+-$.%$!%$./000>/8?51??6 ''@%( %$!<)3)"-)'r8$ '8+(% &+)$()"!),-'$(!$(%)$-I)"!$-)* )3"(!%'%)$52CC>58?/5D??5''r--$(!%+"-)!(!%-+)"3-%$.8+) $+3('''"3(%)$'$,33-%+(%)$'$$-')* %),%+-$.%$!%$.522/>/08B59/#"$()!$)(($#$ !#-%$."!(r !)**$,)%$#$,'a$*-"$+)* +)$$+(%)$.)(!$,*-)!(!(%))$ *-)'(!"+("!'%(#%$(#()(-+&)3"-)$! +)$$+(%)$8$"!%+-'(",aI)"!$-)*%)+# $%+-$.%$!%$./00/>5/B8?9B?66 %"$"$.I)$.%$"$%-%r)$. )I$.)$.@)) #%$)$I I%$%$)"$.%I"$)))$$,"$% a'(!$-'%')*,*)!#%33)+3-),-"'%$.(#3!%$+%3-+)3)$$(%$ '+#%<)3#!$%a"$!%$33%$./001> /18?95?92 -%$$,!'')$I!, $%'#"!$!I& $('#%$.#!%'($'$n)--%$'r I--%!)$.In&-"(%)$)*5B$)$-%$ !,*)!(%)$-.)!%(#'33-%,()#"$ !%$!.%'(!(%)$"!)%./002>B986C9C0 / )'@"&! nn%+ #)**I#'-!%$ ,+#$%+-$,%)-).%+-'3+(')* !),-%$.%$)"'3"-)$!!(!%'%(##3)=% %$,"+,#3!($'%)$I#'%)-!( %!+#'%)-/001>/CC85/025/56 )'@#'-!#+#$)%)-).)*3"-)$! &'+"-!!),-%$.%$(#+)$.$%('$+)*%)+#),-+#$)%)-/009>18/ 56//1 !!! #"'$I-r%I.-n ($,!,%<,+!,%)&'+"-!.$(%+ !')$$+%.%$.:;3!)()+)-'')+%(*)!+!, %)&'+"-!.$(%+!')$$+8)!,)* (!"'('(' *)!+)$'($,!,%<,3!)()+)-'I)"! $-)*!,%)&'+"-!.$(%+')$$+ /00C>508?1 !%'#$$#$ !%$I)#$))!$, "!'#$ ('"!$%$a3(%%'(%)$ )$$%*)-,*)!.-)-!.%'(!(%)$)*"-(%3-? r3)%$('('a$(!$(%)$-I)"!$-)*$(--%.$( '('+#$)-).%'$,33-%+(%)$'/006>?8?52 ?B0 !R.!!*I!=@)+#"$5B689091

PAGE 189

"! "!,$ !"(#"3%--%-r ,%!%')+-%<(%)$$,'.$((%)$)* -*(&$(!%+-%$+!,%++%$%.'nnn(!$ '+(%)$')$%),%+-$.%$!%$. /002>1985?905?60 !% )"n+$<%r#$.'%$-"$.(")!'#3 ,"!%$.!'3%!(%)$#'%+'%$,%+%$$, %)-)./05/>168252 !')X%I"$(!$$%$.%(/2185B155B12 &--Y!-)?C?2&%--3)!($,@ --%a!(!%+ $,'"A+('3+%*%+*%$%(-$(),--%$.)* (#-)!+!&%+-'3%$$*-"$+)*.)(!%+3!(!')$(#)(%)$3((!$'aI)"!$-)* %)+#$%+'/002>B/85B025B51!I"!(/8?BB0 +#$!n@%'%$.!n%,$!.!@.$!@%'' $'(%$!+#!%!+#$!n%(',! r!<(@"-998B99B92 ),--#r@%$'*(I@@$. "()(%+-*(&$(!%+-'.$((%)$"'%$. %(!(%&(#!'#)-,%$.$,$+(%&+)$()"!),%(#,3((%)$)$'#)!(=%'+!,%+nnn !$'+(%)$')$%),%+-n$.%$!%$./050>168201 25? )$!,%-)!$'%)%.(!'$( $$+G(-)3"((%)$-),--%$.)* (#!%.#(&$(!%+-%$!3%!,((!-).)*--)( 8+$%(3!)&%,%$'%.#(%$()3(%$((!($(Pn" ! !(I!,%)&'+.%$./05?>5B8?C5D?C9 %$."!!"!%"')!.@%--%I%+#)"!.I% $*%%"I!@((%& "-3(% #%A"$@$.$,)$-,"!'a")!"!,$ $-'%')$+)3"(,()).!3# "()(,-%&!$,(")!'.$((%)$a,%+.%$.nnn!$'+(%)$'/05/>?585291 5269 %"G."<% 3369/1/r69/1/r "$.#$!$'I%,.-! ')$ I!%33I-&,)!%",")= )"!.("!'-%$$+!'%$.3)!()3!,%+( %-,+).$%(%&%3%!$(+)$&!'%)$() -<#%!J',%''"'%$.#%33)+3-(!)3#!( $,'((%'(%+-'#3),-'$$(!$(%)$)$*!$+)$,%+-.)3"(%$.$,)3"(! ''%'(,$(!&$(%)$/050>5/15?/ )!$'$@n-%$n!+#%$.+"'8#%.#!')"(%)$?r'"!*++)$'(!"+(%)$-.)!%(#$ '%..!3#+)3"(!.!3#%+'52C6>B859?592R(#%-$+-!+#('') '-R+ #-!%'(-!)"'-%$'((%$ ((!((%')*!)! *)!','( (%'(%+-),-'#$'%.#(I)"!$-/05/>585 C

PAGE 190

$+#I!%%#.$(%&%(($n '#'')+%(%)$)*3!)=%-*)!'#3$,%$+%,$(!,%).!3#%+#%3%$-,!)$'()!(#!%(%'!(%-./002>5685?5?DC $+##%(@#-$.$((%)$)*(#*(&$(!%+-)*(##!(%$?rU(,( "'%$.$)3(%%<,$)$!%.%,(3)!-),-nnn! $'+(%)$')$,%+-.%$./00C> /68521/0? #3(!%'#%"!)!AA#+))$ r-(%)$'#%3)*3"-)$!!(!%+3+%($+$,)!(-%(%$%,%)3(#%+3"-)$! !(!%-#3!($'%)$I)--!,%)-/009> B68622C0?$+%$%Ir)$'-)n%)$! ).-X"$(%((%&!.%)$-+"!&("! $-'%'8$33-%+(%)$)*'#3,(!%$(%)$*)! (#''''$()*'.$(--*(&$(!%+"-! *"$+(%)$%$$!%+$!(I)"!$-52C6>55?8 ?/9?B $'%r"!!-$!$#!,(!'$(r%$.(()%.((-((%'(%+-),-)* %.#($(!%+-%$(!-).)*--)(*)!!,%+(% )$)*),--%$.$,#!3-$$%$.$8$. S 'r"+ !(r)--)!,%() !',%+-.)3"(%$.$,)3"(! ''%'(,$(!&$(%)$D/002!-%$83!%$. !/002>/5BD/5 $'%)%.()$!,%$$+Gr"!!-$ !'$((-((%'(%+-),-*)! X"$(%*%+(%)$$,!,%+(%)$)*!,%+),--%$ .833-%+(%)$()(!-).)*--)(nnn!$' ,.%$./055>?085901D5959!+"!(I)'3#$+#"-)$!3!($'%)$ 8"$.%)-).%$-(#$,r%'' !''/002! -A!%)5989B/995 +".#-%$!+#!,'+#r!'(I! !@%$,$!I(#%!+))$r ! )'$')$"%$IK/002=3! (+)$'$'"',)+"$()$3"-)$! #3!($'%)$8!3)!()*(#!%+$)--.)* !,%)-).)"$,(%)$' )!+)$=3!( +)$'$'"',)+"$('$,(#!%+$!('')+%( %)$,&-)3,%$+)--)!(%)$%(#(# !%+$)--.)*#'(#'%+%$'>!%+$#)! +%+)+%($+>$,(#"-)$! 3!($'%)$'')+%(%)$I)"!$-)*(#!%+$ )--.)*!,%)-)./002>1?8516?5952 +$!$!<)3)"-)'rr*)!-),-'%$ ,%+-%.$-'%'8'"!&,%+-%. $-'%'5229>582550C $,)<*,! ,!'n).!' %$."!!"!')$-%<,''''$()* +!$%)'$)'()'%'&%'((%'(%+-'#3),-%$. ,%+-%.$-'%'/05B>5C89?1B9 !-@@-,'(%$I!.)!)), !'3,$-,%$.!r@"!! $,%--@rnnnn nnn nPnnrnrI) "!$-)*)$cI)%$("!.!!%(%'# GGG/05/>2B86C6C !($'"$(!.%$.!%.#(&$(!%+"-!'#3 $,!),-%$.n"!)3$!(I)"!$!,%)&'+"-!.%$./05?>5B8?55?5/ %.-%&++!$+'+)!%-r"%$%n,!, )&$,!+,&-a)3"((%)$*-"%,,$%+''%"-(%)$'%$!-%'(%+?r.)(! %')*(#()(-+&)3"-)$!$'())'%'8(# %$*-"$+)*(#%$*!%)!+&-$'())'%'aI)"!$ -)*%)+#$%+-$.%$!%$./00?>5/18C01 C5?

PAGE 191

%-$)!@!.-r!.%$!Ir,!"-%+3)! '')+%(,%(#3"-)$!-)),*-)$,%(' !-(%)$()#!(!(%!+"-(%)$'!+#5299> 528B96BC0 !)$$ ))$.G:/050;)%$('(!.%'(!(%) $8+)#!$(3)%$(,!%*(nnn!$'((!$$+#$(--/050>?/8//9/D//61 .%'#% %% $)('"()# )($%"!%'#%, %'#%( $%'#% %-'!%$$(!%"!(% +33(%,-&-'%$+!'%$3!)3)!(%)$()(# =($()*!%.#(&$(!%+"-!,'*"$+(%)$%$3"-)$! #3!($'%)$I)"!$-)*(#!%+$)--. )*!,%)-).522C>?58/0//0C"!(-jI"!.$!%33!%.n$.'(!)r$%+#!5185?20B0? "-"'# &%+#I)'3#%&$(#!),<((+#-%3-%(#$)I' $,"%,)!%.'!."%,,?r+(%&+)$()"! '.$((%)$)*$()%+-'(!"+("!'8 %.$%*%+$(-%3!)&,**%+%$+$,!-%%-%( "!)%./009>?58555955/C ,)%-$(%$r!$',)$"'S%, n+"--)+#)"<$,G% a#!,%$'%)$-','((%'(%+-'#3), -$,33-%+(%)$()+)#)!()* $'%(# +"(%$A"!a'()!(#!%(%'$,!(%-./0 51>/?85921560? ,$ !"! "!"(#"3%--%,%!%'"()(,-*(&$(!%+"-! '.$((%)$%$+!,%+nnn!$'+(%)$')$ %),%+-n$.%$!%$./009>1?85B/15B/C $$+G((%'(%+-+)3"(%$.)$$%*)-,'8*!) %$$%$.)(!()+)3"((%)$$()$n!.%$.!$,'%$%'"-)3"(%$.3! %$.!!-%$%,-!./0028?B6?C9 (%(A$r+#!I!&%)*'.$((%)$ (#),'%$'#)!(=%'+!,%+%.',%+%.$-'%'/055>5185925CB(%(A$S"-".%@r+#!I!)'.)! .r",!)$I"$,!,)')I #$I%$5285C6/0/#rG"!%$+I"!!$((#),'%$,%+ -%.'.$((%)$$$"-!&%)* %),%+-$.%$!%$./000".>/:5;8?51?6%3!--% %$%'?r-%+!$%),%+ -.%$.8$)()+!)/00Bnnn $(!$(%)$-3)'%")$nnn/00B>9?/9?1

PAGE 192

%2686566 X%"$4%#!%'(%$$$)('(%$$,!'r -%+#-%--!$,-<#%!H'r%'' "!)%.%$.$%(%(%&a.%)$-'#3$)!-%( %'%$%-,+).$%(%&%3%!$($, -<#%!H',%''a"!)%./002>B18919995 .#&$r&%,)!3%+#-,!%+#!)"$$,!'#--@@'(! a@--'(!'',%'(!%"(%)$)$(#!,%$'%)$--! +)$'(!"+(,),-')*#"$,)%$-)!(%+ $"!'a #"$"%&$'$( /000>?58690692 .#&$%--%$.!!!.-%$ $$,n"()(,(#),)-).*)! ,(!%$(%)$)*'(!'',%'(!%"(%)$%$#"$,) %$-)!(%+$"!'nI%)+#n$. /001>5/68C9CDC60 A$%"!%."-)$<-<--'(! "(<(!)-($,!(%$($!a$)&$,'(-33!)+#()$()%+-'(!"+("!)!3#%$ .*)!$#$+,%$(!)3!(%&?r &%'"-%<(%)$a$,%+-.%$.$(!$(%)$)+%(*)!3(%+'$,#)()$%+'/001>65C6/1 A$%"!!$.I)'#%$,!(%$( $!a)$),-)!3#%$.*)!$#$+, '"!.%+-&%'"-%<(%)$a$ )"*+"!""r! !"'("$ " nnn/00B>5/115/1C A$%"!I)#$$'"."(<)-($ ,!(%$($!a)$)!3#%$.%(# '((%'(%+-'#3),-'*)!$#$+,&%'"-%<(%)$ a$,%+-.%$./00B$(!$(%)$-)+%( *)!3(%+'$,#)()$%+'/00B>5//5?0A$%($!-%S#$.)-( --'(!((%'(%+-,*)!-)$ ),-'*)!!)"'(?r'"!*+=(!3)-(%)$*!)'3 !',(,.$-/006>55822D502 )#$,!'#!-!%(<3(!%+ "-I" -)((!)!%$-(' )$,% $,(!I?185B105B19 (#%r!&%--$$$")3!(%& $-'%')* !$-(#),'*)!'((%'(%+'#3-!$%$.$$(!$(%)$-@)! '#)3)$)3"( !%'%)$33!)+#'(),%+-. $-'%'3!%$.!!-%$%,-!./009>29506 "'+#rd (3%-508 622C55 )$,I%$,!-%(!@%--%'@-3#r,--nI@%--%'@n((%$.!%-"!@r)%'-$++#!(?285/5B 5/52 %+I(#(%+-'((%'(%+'$,,($-'%' -')$n,"+(%)$>/009

PAGE 193

%.)-%$)%)-)@%-')$I!!%')$I' #)!#*)!.)(($+#!8(# %3)!($+)*(#!%.#(&$(!%+-(#r%.522 1>?185CD/C %$"$,&%$+M?r"!*+'#$!(%)$ N$n,%()!%-)!,,%()!'! $,*!$+$"-?B,%(%)$/00C%''!%-!,@)-<"!.')&)-rr "+ !(r%"-($)"'"-(%'+!.%'(!(%)$"'%$.-!.,*)!(%)$,%**))!3#%+ (!%+33%$.nnn(!$'+(%)$')$,%+%.%$./055>?0856B912))#%$,S)!))*%Br'((%'(%+-'# 3),-%$.)*(#-*(&$(!%+-%$+!,%+ %.'$(!$(%)$-A)"!$-)*+)3"(!''%'(, !,%)-).$,'"!.!/05?8??1?15 ",' %%@@*%--)I"$,'+#"+#! r#$,!' !$)-))$r)"% n+#%--!"%,-%$'*)!(#+#)+!,%).!3# %+''''$()*(#!%.#(#!(%$,"-('8 !3)!(*!)(#!%+$)+%()*n+#)+!,%).!3# $,)!',(#n"!)3$'')+%(%)$)* n+#)+!,%).!3#!.%'(!,!$+#)*(#n"!)3 $)+%()*!,%)-).$,(#$,%$ )+%()*n+#)+!,%).!3#I)"!$-)*#!%+ $)+%()*n+#)+!,%).!3#/050>/?89C1D 65?"+ !(r$%-" )$),!-'r! %--!(%$+#$,r&%,I 'a)$!%.%,!.%'(!(%)$"'%$.*!*)!,*) !(%)$'833-%+(%)$()!'(%.'a ,%+-.%$.nnn!$'+(%)$')$5222>5C865 /6/5 "'" %)(#-$$nn$'-#%& #!!)-"+'$,A%().$(#$ a3)!($+)*++"!(.)(!%$(#'(",)*(# ()(-+&)3"-)$!+)$$+(%)$8 +)3"((%)$-'%"-(%)$'$,%$&%(!)=3!%$(' a$$-')*%),%+-$.%$!%$./005>/28 CBBC1?$(!)&%+r%--)$I%.$")$I!'(!)$.@$+#)+!,%).!3#%+ %$,=*)!'3!(%)$)*!%.#(&$(!%+"-!&)-"$ ,3!''"!)&!-),I)"!$-)*(#!%+$ )--.)*!,%)-).52C1>1825C/B .".#$"."$.!,%+) $(!+(%)$$,(#!''"!)-" -(%)$'#%38=*)!,$%&!'%(!''>52CC "-r!&%--$$$"((%'(%+'#3$-'%'"'%$. !$-$8n n-+(!)$%+.%$./009 $,)&-I"!--)!) C2856??BB! $@!'%$.I)'@%$$'S,3)) !((%'(%+-'#3$,33!$+ ),-'*)!*'($,"()(,'(%(%)$)*3!)=% -*"!*!+("!-),"'%$./r*%$%(-$( ),-'I)"!$-)*%)+#$%+'/05B>B68?506?55B ()#%$% #'#%"+#% "! n=3!''%)$)*%+!)/0C%''')+%(, %(#,&!'+-%$%+-)"(+)'%$#"$,%-(,+! ,%))3(#I)"!$-)*+!,%+*%-"!/050> 598B0BB50+#d)3*)-R--!!$-3!%$+%3-+ )3)$$($-'%'$$(!$(%)$-)$*!$+ )$!(%*%+%-"!-()! '5226:331C?1CC; 3!%$.!!-%$%,-!.

PAGE 194

.?r)-"(!%+%.'.$((%)$$,&%'"-% <(%)$+%$(%*%+)3"(%$.$,.%$. $'(%("(:;/05?)"!nl($'I#--$.'()(#,&-)3$ ()*+)3-=&%!("-!-%('"!.%+'%"-(%)$'"!.%+-n$,)'+)3$,(#!$(!&$( %)$-+#$%4"'/009>/08566B5666 ##$%+ @!$'!%$@)-' )$n#"$.)&-+#%$I#$rI I!)'+#!)-,()-3$#!,%$'%)$-'# 3$-'%')*!%.#(&$(!%+"-!!),-%$.%$ !3%!,((!-).)*--)(#!%+$A)"!$)*+!,%)-)./00C>50585065? #$!%33IY!%","#Y(-(-&,) )"!.(-<#%!H'r%'' "!)%.%$.$%(%(%&r(+(%$..-)-$,-)+#%33)+3-'#3+#$.'%$-<#%!H' ,%''"'%$.'((%'(%+-'#3),-'"!)%. /05/>128/511/599 #$()$n!%.+!-@< -% %$% '.,-D#%33)+3-'#3,%**!$+' %$'+#%<)3#!$%8(#33-%+(%)$)*?r'#3),'()&)-"(!%+,('+#%(!'!+#8 "!)%.%$./00/>551851?1 #-$'I("()!%-)$3!%$+%3-+)3)$$($-'% '!G%&3!3!%$(!G%&85B0B5500/05B3!? %m!($!'#%$.3%+%'-%$!+)3-=' +)$'(!%$,r-"$((!#,!-%<(%)$' $!)+,%$.')*(#5B(#%$(!$(%)$-'#%$.!)" $,(-3!%$.!!-%$%,-!./001>5B6 59?%!!S'- 508/61/C1 %)$$"-%"%$I$.-$r.! @r)$%.#((%%'!+r3%+# .#((%%+#%'#$-%$%+-+-''%*% +(%)$)*3"-)$!#3!($'%)$I)-!,%)-/00B>B?81D5/%(#$0"!("$'(-)$.(!%$(! &$)"'3)3!)'($)-%$*"'%)$%$3!%! 3"-)$!#3!($'%)$83!).$)'(%+*+()!'$,'"!& %&-I)-%!,%)/00/>B086C06CC ).!%(<3(!%+ -!@!I-(' "-)((!I??859/059?03+#()&-I))(%+'$,+)3"(!''%'(, )!(#)3,%+'"!.!"--(%$)*(#)'3%(*)!I)%$(r%'''!(#)3,%+$'(%("(/005>90 859C56/ (%r"$+$I)"$,!*%$,%$.%(#3!(! %+--,*)!-),-'nnn(!$'+(%)$')$ 3((!$$-'%'$,+#%$%$(--%.$+522/)& 5>5B:55;8509561 (!-%$.@-'#r--J(-%I$+%$% '#!I$+'(!I#!-(%)$'#%3)* &!%)"''"!')*$,''()-()-*(&$(!%+"-! =%"(%&!%$.-'($+%$$ %!+"-(%)$52C6>698?/DB? (!!I**!'@,#'$+)*+)$'3 %+")"'%$+!$(')*&$)"'3!''"!*(! '&!,.()(#!%.#(&$(!%+-)*(#,).% (#,%'+"''%)$)*(#!-(%)$($+-%$%++)$.'(%&#!(*%-"!$,#!(,%''! (I52B?>/98/25D?05 ("**!"''--"$-%)()r"+# !)&%=3!''%)$%$3,%(!%+*%-%$. #"$#!(I)"!$-)*)-+"-!$,+--"-!+!, %)-)./05?>168B?9

PAGE 195

n (%$,-n!%!,I!-)<-' %r"!$ *&!!)++6851959C ($!!%.%!$II)$'r@%$!.! r((%'(%+-'#3$-'%')* $"!)$()%+-'(!"+("!'',)$,%-),-' ,%+-%.$-'%'/00?>68/06//0 ($!%!$I$(<%'r!%. )"$,!$,,%-'#3$-'%')*(# #%33)+3"'%$'+#%<)3#!$%,.$-/00B >C8526D/0? ($!A$%)-(S'-9?61 ($!."/B/ "+#!)&!%'())!(Ir%=3!''%)$% $(#*%-%$.#"$#!(8*"$+(%)$+)!!-('I)---!,%)-/00C>B18C1D2/"..#)" '),%$,3$,$+)* (#%$'($($)"'3!''"!&)-"!(%))* (#+$%$-*(&$(!%+-$,**+(')*3%$3#!%$ $,#!(!()$(#!(%)%!+'526?>?/8 ?5BD?// %r#'-!#**+(')*&')+(%&%( $,#3)=%+3"-)$!#3!($'%)$)$ =(!-)!3"-)$!!(!%)+#$%+'I%)+# /050>B?85C9B2 $X%""-(%!')-"(%)$r%**))!3#%+33%$. *)!)!(%+-"!*+'$$(!$(%)$)$*!$+)$$*)!(%)$!)+''%$.%$,%+.%$.3!%$.!$(!$(%)$-"-%'#%$./051> ?51?/9 $.G)--$,rr-)"$'%--!# 3$)!-%(%')*'"+)!(%+-$,&$(!%+"-! '(!"+("!'%$%-,+).$%(%&%3%!$($,-<#% !H',%''8,(+(%$.4"$(%*%$.$, 3!,%+(%$."$!%$33%$./05B>?18?605?6 /1 "%$'%.$-3!)+''%$.33!)+#()*%!'"!* +,'%.$$!)+,%$.')*(#//$,$$"+)$*!$+)$)3"(!.!3#%+'$,%$(!+(%&(+ #$%4"'5221>?15?1C $.G)--$,rr-)"$'%--!# 3$)!-%(%')*'"+)!(%+-$,&$(!%+"-! '(!"+("!'%$%-,+).$%(%&%3%!$($,-<#% !H',%''8,(+(%$.4"$(%*%$.$, 3!,%+(%$."$!%$33%$./05B>?18?605?6/1 #)3')$).@r(+(%)$&%'"-%<(%)$$, $%(%)$)*$)!-$()%+'(!"+("! %(#,*)!-3!)%-%'(%+!%$(-'',) $!$,)&+()!*%-,(!$'*)!(%)$',%+%.$-'%'5226>58/65/2B #),!.%$%",'+!%3(%)$-$.(#'#3$, 33!$+),-'$%$$%-$(!$(%)$)$*!$+)$$*)!(%)$!)+''%$.%$,%+.%$.3!%$.!!-%$%,-!./00?>159/ )3 !$$r)-)*%+!)'%$+!,%+! ),-%$.$,#!(*%-"!!,%)&'+r!".' #!/055>/18565D5C/$.%'')%+#(%$.!/059M3$')"!+3 -(*)!'*)!$&%.(,%.."%,, %$(!&$(%)$'N

PAGE 196

&$,%''$)"$%(! '(!I(!+ r'&$-%(I!%!.$ )'((%'(%+-,'+!%3(%)$')*'+3#)%,$,-" $()$'#3'I)"!$-)*%)+#$%+'/050> B?85B9?5B92 %--$(-"$L'I"!*+(+#%$.&%+"!!$( '$%$$%-$(!$(%)$-)$*!$+)$ $*)!(%)$!)+''%$.%$,%+-.%$.3!%$.! !-%$%,-!./001>?C5?2/ .(!n&$,!!,@%$,(I%$() ))!'%+!)'%$#!(*%-"!8*!) %)! !()(!.(*)!(#!3n"!)3$A)"!$-) *#!(*%-"!/059 )-X"%*%$$,!'(I+)) $r-,!"rr"3"%'I)$."%$ I!(@"<" %I%.#(&$(!%+"-!*"$+(%)$ $,*%-"!%!+"-(%)$/009>55B85CC?5C25 @$..($$(#!!%().-")"$' )!!%'I'!$$' I%--!!. ,*)!(%)$,%**))!3#%'$,)$("',#%33) +3-'#3,%'+!%%$(%)$%$,$(% )*(#-<#%!(3nnn(!$'+(%)$')$,%+%.%$./006>/98B9/B60 @$.X!$-3!%$+%3-+)3)$$($-'%'$,%(' 33-%+(%)$'%$*+!+).$%(%)$$,+(%& '#3),-'!G%&3!3!%$(!G%&85/06?1?C/05/ I"-51 @$.S#'-!"-)$!&'+"-!--'(%**$ ''8$%3)!($(+)$(!%"()!()(#%$+!', !%.#(&$(!%+"-!*(!-),%(#3"-)$!#3!($ '%)$"-)$!+%!+"-(%)$/055>58/5///? @#%(!'#"!(r!$r-%)!4" !)!$.%+)$'(!"+(%$.(#?r '#3$,)$%$!-,$'%(,%'(!%"(%)$)*(# 3!)=%-*"!*!),"-$!.=! ')!3(%)(!nnn!$',.%$./055>?08/ 505D/55B @#%(!'#"!(r!$"%'!%('+ #!+#"!(n+ '(%$%$ !$.% ?r)$%$!-,$'%(,%'(!%"(%)$$,'#3 !+)$'(!"+(%)$)*(#3!)=%-*"!*!) '%$.-'%"-(,rG%.8$%$&%(!)'(",$ n,%+-.%$.$(!$(%)$-)+%(*)! 3(%+'$,#)()$%+'/050>69/?B69/?B@)-,n'$'$-,%!%$+%3-+)3)$$( $-'%'#)(!%+'$,%$(--%.$( -)!()!''('52C6>/8?61/&!%@"(#-Y&$,!() I%'-. I$''$"-%!!"(#I+#!))($I @%$$'S,3))!(%."#&%)!)*3)!)"' %)(!%-'$"*+("!,"'%$.'-+(%&-'! -(%$.(!%-'+%$+$,n$.%$!%$.8/05? >??8BCB2BC1C "'# &%+#%&$I<-((%(#) I!%.'!."%,,?r+(%& +)$()"!'.$((%)$)*$()%+-'(!"+("!'8'%.$ %*%+$(-%3!)&,**%+%$+$,!-%%-%( "!)%./009>?58555955/CS#@+#%!)',,$.@r$$I! -),r--H(-%I"3(3!)&, %.#($(!%+"-!!*)!$+%(#$+!',!%+"' 3%,$$"-!n=+"!'%)$%$(#-(H'!( !)$(%!'%$+!,%)&'+"-!,%+%$/05BS#$.I'"!&)$&-"(%)$(#),'*)!%. '.$((%)$((!$!+).$%(%)$5229> /285??15?B9S#$.!%(('In)-,$.'.$((%)$ &-"(%)$8'"!&)*"$'"3!&%',(#),' +)3"(!&%'%)$$,%."$,!'($,%$./00C>5508 /90C0

PAGE 197

S#"S%)$'(!"+(%)$)*?r#"$,%'(-*)! -'"!*+),-'"'%$.?r'((%'(%+,*)!-),-I)"!$-)*%)+#$%+'/055>BB 8/?9//?9C S#"$.G#--$.'$,(#),)-).%')**"--"( )(%+#)-#!('.$((%)$8!&% I)"!$-)*#-(#+!$.%$!%$./05?>B8?65B06