ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/header_item.html)

atTACN HYPEROXALURIA WITH PROGRESS TOWARDS THE SYNTHESIS OF THE NOVEL LIGAND Bn2TCMA

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004641/00001

Material Information

Title: atTACN HYPEROXALURIA WITH PROGRESS TOWARDS THE SYNTHESIS OF THE NOVEL LIGAND Bn2TCMA
Physical Description: Book
Language: English
Creator: Nugent, Katriana
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2012
Publication Date: 2012

Subjects

Subjects / Keywords: Oxalate Oxidase
Hyperoxaluria
Biological Mimic
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The enzymes oxalate oxidase (oxox) and oxalate decarboxylase (oxdc) are manganese-containing supercupins that have the unique ability to degrade oxalate. These oxalate-degrading enzymes are present in plants, fungi, and bacteria but not in mammals. Both overconsumption of oxalate rich foods and increased endogenous oxalate production as a result of inborn errors of glyoxalate metabolism result in a disorder called hyperoxaluria. The consequences of hyperoxaluria, renal failure and cardiac conditions, are detrimental if left untreated. Hyperoxaluria is detected in an enzymatic assay that utilizes oxalate oxidase to measure urinary oxalate. A lower cost alternative would be to utilize a small molecular mimic that has a similar structure to the active sites of oxox and oxdc. If the mimic is non-toxic, it could even be implemented to treat the various health effects of hyperoxaluria or treat industrial wastewater, which is often polluted with oxalate. Moreover, a functional mimic of these enzymes may help unravel the mechanisms by which they degrade oxalate. To structurally and functionally model the active sites of oxox and oxdc, the target ligand is 1,4-dibenzyl-1,4,7-triazocyclanonane-7-monoacetate (Bn2TCMA). The synthesis of the ligand, Bn2TCMA, was brought further than its antepenultimate step. Deprotection of the final tosyl protecting group was achieved using a solution of sodium and naphthalene to yield 1,4-dibenzyl-1,4,7-triazacyclononane (Bn2TACN) as an oil. Upon crystallization of the oil from actetone, a relatively clean solid product was obtained.
Statement of Responsibility: by Katriana Nugent
Thesis: Thesis (B.A.) -- New College of Florida, 2012
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Sherman, Suzanne E.

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2012 N9
System ID: NCFE004641:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004641/00001

Material Information

Title: atTACN HYPEROXALURIA WITH PROGRESS TOWARDS THE SYNTHESIS OF THE NOVEL LIGAND Bn2TCMA
Physical Description: Book
Language: English
Creator: Nugent, Katriana
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2012
Publication Date: 2012

Subjects

Subjects / Keywords: Oxalate Oxidase
Hyperoxaluria
Biological Mimic
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The enzymes oxalate oxidase (oxox) and oxalate decarboxylase (oxdc) are manganese-containing supercupins that have the unique ability to degrade oxalate. These oxalate-degrading enzymes are present in plants, fungi, and bacteria but not in mammals. Both overconsumption of oxalate rich foods and increased endogenous oxalate production as a result of inborn errors of glyoxalate metabolism result in a disorder called hyperoxaluria. The consequences of hyperoxaluria, renal failure and cardiac conditions, are detrimental if left untreated. Hyperoxaluria is detected in an enzymatic assay that utilizes oxalate oxidase to measure urinary oxalate. A lower cost alternative would be to utilize a small molecular mimic that has a similar structure to the active sites of oxox and oxdc. If the mimic is non-toxic, it could even be implemented to treat the various health effects of hyperoxaluria or treat industrial wastewater, which is often polluted with oxalate. Moreover, a functional mimic of these enzymes may help unravel the mechanisms by which they degrade oxalate. To structurally and functionally model the active sites of oxox and oxdc, the target ligand is 1,4-dibenzyl-1,4,7-triazocyclanonane-7-monoacetate (Bn2TCMA). The synthesis of the ligand, Bn2TCMA, was brought further than its antepenultimate step. Deprotection of the final tosyl protecting group was achieved using a solution of sodium and naphthalene to yield 1,4-dibenzyl-1,4,7-triazacyclononane (Bn2TACN) as an oil. Upon crystallization of the oil from actetone, a relatively clean solid product was obtained.
Statement of Responsibility: by Katriana Nugent
Thesis: Thesis (B.A.) -- New College of Florida, 2012
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Sherman, Suzanne E.

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2012 N9
System ID: NCFE004641:00001


This item is only available as the following downloads:


Full Text

PAGE 1

! #$%&'!()*+,-.%/0,1%!21$( !*,-3,+44!$-2%,54!$(+!4)'$(+414!-6!$(+! '-7+/!/13%'5!89 : $&;% ! 8) <%$,1%'%!'03+'$ ! %!$=>?@? ! 4ABC@##>D!#E!#=>!5@F@?@E9!EG!'"#AH"I!4J@>9J>?! '>K!&EII>L>!EG!6IEH@D"! 19!M"H#@"I!GAIG@IIC>9#!EG!#=>!H>NA@H>C>9#?!GEH!#=>!D>LH>>!EG!8"J=>IEH!EG!%H#?! @9! &=>C@?#HOP8@EIELO 09D>H!#=>!?ME9?EH?=@M!EG!5HQ!4AR"99>!+Q!4=>HC"9 ! ! 4"H"?E#"S!6IEH@D" ;"OS!:TU:

PAGE 2

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

PAGE 3

! @@@ B>>9!"BI>!#E!JECMI>#>!#=>!?O9#=>?@?Q!1!KEAID!"I?E!I@V>!#E!#="9V!=>H!GEH! @9#HEDAJ@9L!C>!#E!#=>!G@>ID!EG!@9EHL"9@J!J=>C@?#HOQ!1!A9D> H?#"9D!JECMI>#>IO!K=O! OEA!"H>!G"?J@9"#>D!BO!@9EHL"9@J!J=>C@?#HOS!B>J"A?>!1!#=@9V!1!C@L=#!B>!"!G"9"#@J!"?! K>IIQ 1!KEAID!I@V>!#E!#="9V!CO!G"C@IO!"9D!GH@>9D?!GEH!B>@9L!M"#@>9#!K@#=!C>! #=HEAL=EA#!#=@?!MHEJ>??Q!1!KEAID!I@V>!#E!#="9V!CO!G"#=>H!;@J=">I!'AL>9#S!GE H! ?AMMEH#@9L!C>!"9D!>9JEAH"L@9L!C>!#E!MAH?A>!CO!>DAJ"#@E9!Y"9D!DH>"C?ZQ! 2@#=EA#!OEA!1!KEAID!9E#!="F>!B>>9!"BI>!#E!>F>9!"##>9D!JEII>L>Q!1!"C!#HAIO! LH"#>GAI!GEH!CO!>DAJ"#@E9!"9D!#="9V!OEA!?E!CAJ=!GEH!L@F@9L!@#!#E!C>Q!4M>J@G@J"IIOS! 1!KEAID!I@V>!#E!#="9V!CO!?E AI!C"#>S!/"AH>I!&EHH"ES!GEH!B>@9L!#=>H>!K=>9!1!9>>D>D! #E!B>!JECGEH#>D!"9D!GEH!=>H!>9DI>??!>9JEAH"L>C>9#Q!1!KEAID!"I?E!I@V>!#E!#="9V! 4"H"=!-[&E99EHS!,A#=!4@I@CE9S!%II@>!4C@#=S!6>HC@9!3A>HH"S!"9D!XA?#@9!4M>9LI>HS! GEH!>9JEAH"L@9L!C>!#=HEAL=EA#!#=@?!O>"H!"9D!B >@9L!#=>H>!E9!#=>!?@D>I@9>?!EG!#=@?! HEII>HJE"?#>H!EG!"!?O9#=>?@?Q!Y%9D!GEH!MA##@9L!AM!K@#=!C>!K=>9!1!K"?!"B?EIA#>IO! @9?"9>Z!/"?#IOS!1!KEAID!I@V>!#E!#="9V!;"H"RR@!GEH!B>@9L!?E!A9D>H?#"9D@9L!"9D! IEF@9L!"9D!V@9D!"9D!B>@9L!"F"@I"BI>!#E!J=>>H!C>!AM!K=>9!#=@9L?! LE#!#EAL=Q

PAGE 4

! @F /%$,($,! /012,(3.4.5$,3%)6",7%$88888888888 888 9988899 99999994 -\"I"#>!"9D!-\"I@J!"J@D]QQ]]]]]]]]]]]]]]]]Q]]QQQ]Q: -\"I"#>S!=OM>HE\"IAH@"!"9D!#=>!V@D9>O?]]]]]]]]]]]]]^ $OM>!U!MH@C"HO!=OM>HE\"IAH@"!Y*(UZ]]]]]]]Q]]]]QQQQQQ]Q_ $OM>!:!MH@C"HO!=OM>HE\"IAH@"!Y*(:Z]]]]]]]]]]]]]QQUT 4>JE9D"HO!=OM>HE\"IAH@"] ]]]]]]]]]]]]]]]]]QQ]QQUU 5@?>"?>!MHELH>??@E9]]]]]]]]]]]]]]]]]]]]]]QQQQUU 5>#>J#@E9]]Q]]]]]]]]]]]]]]]]]]]]]]]]]]QQU` $H>"#C>9#]]]]]]]]]]]]]]]]]]]]]]QQQ]]]]]QQU_ -\"I"#>!D>LH"D@9L!>9ROC>?]]]]]]]]]]]]]]]]]]QQUa -\"I"#>!E\@D"?>!YE\E\Z]]]]]]]]]]]]]]]]]]]]]QUa \"I"#>!D>J"HBE\OI"?>!YE\DJZ]]]]]]]]]]]]]]]]]QQ:b ;>J="9@?C?]]]]]]]]]]]]]]]]]]]]]]]]]]]Q`T ;ED>I!J=>C@?#HO]]]]]]]]]]]]]]]]]]]]]]]]QQQ`T $"HL>#!I@L"9D]]]]]]]]]]]]]]]]]]]]]]]]]]QQQ`^ /012,(3.:.;<2(37+($,1'8 888888888888888889999=> 3>9>H"I]]]]]]]]]]]]]]]]]]]]]] ]]]]]]]]`a 4O9#=>?@?]]]]]]]]]]]]]]]]]]]]]]]]]]]]]`c ,EA#>!U]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]`c /012,(3.=.?(-6',-.1$).@7-"6-7%$888888888888899AB /012,(3.C./%$"'6-7%$.1$).D6,63(.E%3#88888888889>C ?(F(3($"(8888888888888888888888888899>B !22($)7
PAGE 5

! F J7-,.%F.D7*63(.1$).H"0(+(. 6130,+!UQU!*,-$-'%$1-'!4$%$+4!-6!-.%/%$+]]]]]]]` 6130,+!UQ:!&,)4$%/!4$,0&$0,+!-6!%3$]]]]]]]]]]]b 4&(+;+!UQU!$,%'4%;1'%$1-'!,.&]]]]]]]]]]]]]]b 6130,+!UQ`!;-'-;+,!-6!%3$]]]]]]]]]]]]]]]]]Qa 6130,+!UQ^!&-'4+d0+' &+4!-6!%3$]]]]]]]]]]]]]]Qc 6130,+!UQ_!;-5+/!-6!&%$%/%4+]]]]]]]]]]]]]]]U^ 6130,+!UQb!,+%&$1-'!4&(+;+4!-6!-.-.!%'5!-.5&]]]QQUa 6130,+!UQa%!X+//)!,-//!5-;%1'!1'! !"#$%&'()&*+,#% ]QQQQQQQUe 6130,+!UQa8!4$,0&$0,+!-6!-.-.!1'! !"#$%&'()&*+,#% ]QQ]Ue 6130,+!UQc%!%&$17 +!41$+!-6!-.-.!1'! !"#$%&'()&*+,#% QQQQQ]:U 6130,+!UQc8!: '5 !&--,!4*(+,+!1'! !"#$%&'()&*+,#% ----... :U 6130,+!UQe!+*,!4*+&$,%!-6!-.-.]]QQQ]]]]]]QQQ ]]] QQ]:` 6130,+!UQUT!07 W 714!4*+&$,%!-6!-.-.!]]]]]]]]]QQ]] :^ 6130,+!UQUU!-.-.!;+&(%'14;!2(1$$%<+,!:TT:]] ] ]QQQQ:^ 61 30,+!UQU:%! 4$,0&$0,+!-6!-.5&!6,-;! /.(0&123*30 ]]]QQQQ:a 6130,+!UQU:8!X+//)!,-//!5-;%1'!1'!-.5&!1'! /.(0&123*30 ]QQ:a 6130,+!UQU`!U 4$ !&--,!4*(+,+!-6!-.5&!1'! /.(0&123*30 ] ]]]:c 6130,+!UQU^!517+,3+'$!;+&(%'14;!8-,'+;%''!:TTaQQQ:e 6130,+!UQU_!4(+,;%'!%'5!4&%,*+//1 '1!/13%'54]]]]Q`U 6130,+!UQUb!. W ,%)!&,)4$%/!-6! f;9Y$&;%ZY( : -Zg&6 ` 4` QQQ`: 6130,+!UQUa!. W ,%)!&,)4$%/!-6! f;9Y! @ *H : $&;%Z]QQ ]]]]QQ`` 6130,+!UQUc! @*H : $&;%!%'5!$(+!%&$17+!41$+!-6!-.5&]]Q`^ 6130,+!UQUe%!$%,3+$!/13%'5]]]]]]]]]]]]]]]Q]`_ 6130,+!UQUe8!$%,3+$!&-;*/+. ]]]]]]]]]]]]]Q]]`_ ,-0$+!U!Y4&(+;+!:QU Z]]]]]]]]]]]]]]]]]]QQQQQQQQQQQ`c 6130,+!:QU!%&15!$,%*!%**%,%$04]]]]]]]]]]]]]QQQ^a 4&(+;+!`QU!Y4%;+!%4 !4&(+;+!:QUP!,-0$+!UZ]]]] ]]Q]Q_b 6130,+!`QU!(!%'5!& W ;,!-6!%/1[4!;)4$+,)!*,-50&$]]Qb: 6130,+!`Q:!( W ';,!EG!+,1''[4!8 9 : $%&']]]]]]]]]]]Qb` 6130,+!`Q`!& W ';,!-6!+,1''[4!89 : $%&'!]]]]]]]]]]QQQb^ 6130,+!`Q^!( W ';,!-6!_Pa!*,-50&$!YD"O!EG!H\JZ]]]]]]Qba 6130,+!`Q_!( W ';,!-6!_Pa!*,-50&$!Y:!D"O?!"G#>H!H\JZ]]]bc 6130,+!`Qb!( W ';,!-6!_Pa!*,-50&$!Y`!D"O?!"G#>H!H\JZ]]]be 6130,+!`Qa!& W ';,! -6!_Pa!*,-50&$!Y`!D"O?!"G#>H!H\JZ]]]QaT 6130,+!`Qc!( W ';,!-6!+,1''[4!&,)4$%/1'+!4-/15]]QQQQQQQQQQQaU 6130,+!`Qe!( W ';,!-6!;)!&,)4$%/1'+!4-/15]]]]]]]QQQa: 6130,+!`QUT!( W ';,!-6!;)!&/+%'!4-/15]]]]]]]]]]QQa`

PAGE 6

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

PAGE 7

! F@@ $E!?#HAJ#AH"IIO!"9D!GA9J#@E9"IIO!CED>I!#=>!"J#@F>!?@#>?!EG!E\E\!"9D!E\DJS! #=>!#"HL>#!I@L"9D!@?! US^ W D@B >9ROI W US^Sa W #H@"REJOJI"9E9"9> W a W CE9E"J>#"#>! Y 89 : $&;% ZQ!$=>!?O9#=>?@?!EG!#=>!I@L"9DS! 89 : $&;% S!K"?!BHEAL=#!G AH#=>H!#="9!@#?! "9#>M>9AI#@C"#>!?#>MQ!5>MHE#>J#@E9!EG!#=>!G@9"I!#E?OI!MHE#>J#@9L!LHEAM!K"?! "J=@>F>D!A?@9L!"!?EIA#@E9!EG!?ED@AC!"9D!9"M=#="I>9>!#E!O@>ID! US^ W D@B>9ROI W US^Sa W #H@"R"JOJIE9E9"9>! Y89 : $%&'Z! "?!"9!E@IQ!0ME9 !JHO?#"II@R"#@E9!EG!#=>!E@I!GHEC! "J#>#E9>S !H>I"#@F>IO!JI>"9 !?EI@D! MHEDAJ#! K"?!EB#"@9>D ! 5HQ!4AR"99>!+Q!4=>HC"9! $=>?@?!4ME9?EH '"#AH"I!4J@>9J>?! %J"D>C@J!5@F@?@E9

PAGE 8

! c

PAGE 9

! U &="M#>H!U 19#HEDAJ#@E9 -\"I"#>!@?!"!#E\@J!JECMEA9D!MH>?>9#!@9 !MI"9#?S!GA9L@!"9D!B"J#>H@"Q!$=>?>! EHL"9@?C?!A#@I@R>!E\"I"#> W D>LH"D@9L!>9ROC>?!E\"I"#>!E\@D"?>!YE\E\Z S !E\"I"#>! D>J"HBE\OI"?>!YE\DJZ S !"9D!E\"IOI!&E%!D>J"HBE\OI"?>!YE\"IOI!&E% !DJ ZS!H>?M>J#@F>IOS!@9! EHD>H!#E!D>LH"D>!E\"I"#>Q !YUZ !;"CC"I?!BE#=!MHEDAJ>!E\"I"#>!> 9DEL>9EA?IO!"9D! EB#"@9!?EC>!GHEC!#=>@H!D@>#Q!4EC>!E\"I"#>!H@J=!GEED?!#="#!"H>!JECCE9IO!JE9?AC>D! "H>!H=AB"HBS!?M@9"J=S!B"HI>OS!"9D!B>>#?Q !Y:Z !;"CC"I?S!=EK>F>HS!DE!9E#!="F>!?M>J@G@J! >9ROC>?!#E!BH>"V!DEK9!E\"I"#>!"9D!@9?#>"D!@#!@?!>@#=>H!>\JH>#>D!@9!AH@9>!EH! G>J>?!EH! C>#"BEI@R>D!BO!J>H#"@9!B"J#>H@"!@9!#=>!LA#Q !Y`Z 19JH>"?>D!I>F>I?!EG!>9DEL>9EA?!E\"I"#>!J"9!I>"D!#E!"!D@?EHD>H!V9EK9!"?! =OM>HE\"IAH@"S!K=@J=!@?!"!V9EK9!H@?V!G"J#EH!GEH!V@D9>O!?#E9>!GEHC"#@E9Q! Y ^Z !$=>! MH@C"HO!=OM>HE\"IAH@"?!Y#OM>!U!"9D!:Z!"H>!H"H>! "A#E?EC"I!H>J>??@F>!D@?EHD>H?!#="#! H>?AI#!@9!@9BEH9!>HHEH?!EG!LIOE\"I"#>!C>#"BEI@?CQ !Y_Z !$OM>!U!@?!CEH>!?>F>H>!#="9!#OM>! :!"9D!J"A?>?!E\"IE?@?S!"!JE9D@#@E9!#="#!J"A?>?!J"IJ@AC!E\"I"#>!JHO?#"I?!#E!BA@ID!AM! >F>HOK=>H>!@9!#=>!=AC" 9!BEDOS!I>"D@9L!#E!J"HD@"J !JE 9D@#@E9?!"?!K>II!"?!H>9"I!G"@IAH>Q Y_Z !$OM>!:!=OM>HE\"IAH@"!J"A?>?!V@D9>O!?#E9>?!#E!GEHCQ!4>JE9D"HO!=OM>HE\"IAH@"!@?! J"A?>D!BO!#=>!EF>HJE9?ACM#@E9!EG!E\"I"#> W H@J=!GEED?!"9D!H>?AI#?!@9!=@L=!E\"I"#>! I>F>I?!@9!#=>!AH@9>Q! Y_Z 8E#=!E\E\!"9D!E\DJ!"H>!C"9L"9>?> W J E9#"@9@9L!?AM>HJAM@9?Q !YUZ !-G!?M>J@G@J! @9#>H>?#>D!@?!"!JECM"H@?E9!EG!=EK!#=>?>!>9ROC>?!GA9J#@E9h!#=>O!ME??>??!?@C@I"HIO!

PAGE 10

! : ?#HAJ#AH>D!"J#@F>!?@#>?S!>F>9!#=EAL=!#=>O!J"#"IOR>!D@GG>H>9#!H>"J#@E9?Q!;E?#! @CMEH#"9#IOS!#=EAL=S!#=>O!BE#=!D>LH"D>!E\"I"#>Q (EK>F>HS! # =>?>! > 9ROC>? J"9!B>!D@GG@JAI#!"9D!>\M>9?@F>!#E!?#ADOQ!6EH! >\"CMI>S!K=>9!?J@>9#@?#?!>\MH>??>D!B"HI>O!E\E\!@9! 4056%#3563,(5"*3 S!#=>!>9ROC>!K"?! 9E#!"J#@F>Q !YbZ !4J@>9#@?#?!K>H>!AI#@C"#>IO!"BI>!#E!>\MH>??!B"HI>O!E\E\!@9!"! C>#=OIE#HEM@J!O>"?#!J"II>D! 73563,(8,02" #30( YbZ ( K@#=!?AJJ>?? S !#=EAL=!E9IO!:_T!CL!EG! MAH@G@>D!E\E\!K"?!EB#"@9>D!GHEC!_/!EG!LHEK#=!C>D@ACQ!!/EK>H!JE?#!"I#>H9"#@F>?!"H>! "F"@I"BI>!#=HEAL=!B@EC@C>#@J!J=>C@?#HOS!K=@J=!A#@I@R>?!"!?C"II!CEI>JAI"H!C@C@J!#="#! @?!?#HAJ#AH"IIO!"9D!GA9J#@E9"IIO!?@C@I"H!#E!#=>!"J#@F>!?@#>!EG!#=>! >9ROC>!B>@9L!?#AD@>DQ! $=@?!C>#=ED!J"9!O@>ID!H>I@"BI>!"??ACM#@E9?!H>L"HD@9L!>9ROC>!"J#@F>!?@#>!?#HAJ#AH>! "9D!GA9J#@E9Q!1#!J"9!"I?E!O@>ID!@9?@L=#?!"BEA#!#=>!@9GIA>9J>!EG!#=>!?AHHEA9D@9L! MHE#>@9!E9!GA9J#@E9Q!6A9J#@E9"I!?O9#=>#@J!C@C@J?!EG!E\E\!"9D!E\DJ!="F>!M E#>9#@"I! >9F@HE9C>9#"I!"9D!C>D@J"I!"M MI@J"#@E9?S!"?!K>IIQ!%!C@C@J!JEAID !B>!A?>D!#E!D>#>J#! "9D!#H>"#!E\"I"#>!ME@?E9@9L!@9!C"CC"I?!"9D!#E!#H>"#!E\"I"#> W H@J=!@9DA?#H@"I! K"?#>K"#>HQ! $=>!EF>H"II!LE"I!EG!#=@?!MHEi>J#!@?!#E!JH>"#>!"!GA9J#@E9"I!?O9#=>#@J!C@C@J!EG E\E\!"9D!E\DJ!#="#!@?!J"M"BI>!EG!D>LH"D@9L!E\"I"#>Q!$=>!?>JE9D"HO!LE"I!@?!#E!JI"H@GO! #=>!C>J="9@?C!BO!K=@J=!#=>?>!E\"I"#> W D>LH"D@9L!>9ROC>?!GA9J#@E9Q! !! "#$%$&'!$()!*#$%+,!$,+) -\"I"#>!Y6@LAH>!UQUZS!@9!=@L=!JE9J>9#H"#@E9?S!@?!#E\@J!#E!C"CC"I?Q !YaZ !1#!@?! JE9?@D>H>D!"9!@9>H#!>9D!MHEDAJ#!EG!J"HBE9!C>#"BEI@?C !YcZ !"9DS!"?!?#"#>D!MH>F@EA?IOS! @#!@?!MHEDAJ>D!BO!?>F>H"I!>D@BI>!MI"9#?!@9JIAD@9L!B>>#?S!B"HI>OS!?M@9"J=S!"9D!H=AB"HB Q

PAGE 11

! ` Y :ZS!YcZ !19!C"CC"I?S!>9DEL>9EA?!E\"I"#>!@?!MHEDAJ>D!@9!#=>!I@F>H!#=HEAL=!?>F>H "I! C"iEH!B@EJ=>C@J"I!M"#=K"O!MH>JAH?EH?S!9"C>IO!/ W "?JEHB@J!"J@D! YeZ S!LIOJ@9> "9D! LIOE\OI"#>Q !YUTZ D7*63(.494 j $=>!?@9LIO!MHE#E9"#>D!F >H?@E9!EG!E\"I"#>!="?!"!M< "!EG!^Q`!"9D!#=>! DEABI O!MHE#E9"#>D!F>H?@E9 Y E\"I@J!"J@D Z!"9D!="?!"!M< "!EG!UQ`Q!-\"I"#>!="?!9E! MHE#E9?! "9D!@?!"!ME#>9#@"I!B@D>9#"#>!I@L"9DQ!1C"L>!#"V>9!GHEC!%I@!/@"9L[?!#=>?@? Q !Y aZ !-\"I"#>!="?!"!=@L=!"GG@9@#O!GEH!D@F"I>9#!C>#"I?!"9D!K=>9!JECB@9>D!K@#=!&" :k S! ;L :k !EH!6> :k !GEHC?!@9?EIABI>!MH>J@M@#"#>? Q !Y UUZ !19!MI"9#?!"9D!"9@C"I?S!E\"I"#>!@?!CE?#! JECC E9IO!GEA9D!"?! JHO?#"II@9>! J"IJ@AC!E\"I"#>S!"9!@9?EIABI>!?"I#Q!$=>!D@?M>H?"I!EG! E\"I"#>!F"H@>?!?@L9@G@J"9#IO!K@#=@9!MI"9#?j!GEH!>\"CMI>S!CE?#!EG!#=>!E\"I"#>!#="#!@?! MH>?>9#!@9!MI"9#?!@?!MH>?>9#!@9!#=>!I>"F>? Q !Y :Z! $=>!"CEA9#!EG!E\"I"#>!#="#!@?!MH>?>9#!@9! "! MI"9#!@?!"I?E!D>M>9D>9#!E9!G"J#EH?!?AJ=!"?!"L>S!JI@C"#>S!"9D!?>"?E9 Q !Y :Z -\"I@J!"J@D!@?!"!M"H#@JAI "HIO!?#HE9L!EHL"9@J!"J@D!K@#=!M< "?!EG!UQ` YU:Z !"9D!^Q` YU:Z "9D!@?!A?>D!@9!@9DA?#HO!"?!"!?#"@9!"9D!HA?#!H>CEF>H Q !Y cZ !%?!"!H>?AI#S!"9!>\J>M#@E9"I! "CEA9#!EG!E\"I" #>!@?!GEA9D!@9!@9DA?#H@"I!K"?#>K"#>HQ! %!JECCE9!MHEBI>C!#="#!"H@?>?!K@#=!@9DA?#H@"I!MHEJ>??>?!@?!#=>!JH>"#@E9!EG! E\"I"#>!?"I#!D>ME?@#?!V9EK9!"?!l?J"I@9Lm YU`Z S!K=@J=!JIEL!M@M>I@9>?!"9D!G@I#>H?Q!$E! MH>F>9#!#=@?!GHEC!EJJAHH@9L!@#!KEAID!B>!B>9>G@J@"I!#E!?EC>=E K!@9JEHMEH"#>!E\"I"#> W

PAGE 12

! ^ D>LH"D@9L!>9ROC>?!#E!#H>"#!@??A>?!I@V>!#=>?>Q!6A9L"I!E\"I"#>!D>J"HBE\OI"?>!="?!B>>9! #>?#>D!"9D!?=EK9!#E!H>CEF>!E\"I@J!"J@D!GHEC!BI>"J=@9L!G@I#H"#>?!EG!MAIM!"9D!M"M>H! G"J#EH@>? Q !Y U`Z !1#!="?!"I?E!B>>9!D>#>HC@9>D!#="#!GA9L"I!E\"I"#>!D>J" HBE\OI"?>!@?!CEH>! >GG@J@>9#!"#!#H>"#@9L!G@I#H"#>?!#="9!MI"9#!E\"I"#>!E\@D"?>Q! YU`Z "#$%$&'-!./0'1*#$%21+$!$()!&.'!3+)('/4 ( ;"CC"I?!DE!9E#!="F>!#=>!C>"9?!#E!BH>"V!DEK9!E\"I"#>!"9D!@9?#>"D!@#!@?!D>"I#! K@#=!@9!?>F>H"I!D@GG>H>9#!K"O?Q!-\"I"#>!J"9!B>!>\JH>#>D !@9!AH@9>!EH!>I@C@9"#>D!"?!"! ?EI@D!@9!G>J>?S!"9D!C@JHEEHL"9@?C?!@9!#=>!LA#!J"9!=>IM!#E!BH>"V!DEK9!E\"I"#>!@9#E! J"HBE9!D@E\@D>!"9D!=ODHEL>9!M>HE\@D> Q !Y `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b!M>H!UTTSTTT!B@H#=?!"9D!H>?AI#?!@9!?>F>H>!D@?>"?>Q! $=>H>!="F>!B>>9!G>K>H!#="9!`T!H>MEH#>D!J" ?>?!EG!#=>!I>??!?>F>H>!#OM>!:!*(Q! YU^Z

PAGE 13

! 5/0'!6!01+7$1/!./0'1*#$%21+$!89:6; $OM>!U!*(!Y*(UZ!@?!J"A?>D!BO!G"AI#O!EH!"B?>9#!"J#@F@#O!EG!"I"9@9>!LIOE\"I"#>! "C@9E#H"9?G>H"?>S!Y%3$Z!"9!>9ROC>S!K=@J=!@?!MH>?>9#!@9!M>H E\@?EC>?!K@#=@9!=>M"#@J! J>II?!EG !#=>!I@F>H Q !Y U_Z !19!E9>!#=@HD!EG!M"#@>9#?!#=>!>9ROC>!@?!C@?#"HL>#>D!@9#E!#=>! C@#EJ=E9DH@"!K=>H>!@#!@?!"J#@F>!BA#!J"99E#!KEHV!#E!BH>"V!DEK9!LIOE\"I"#>!?@9J>! LIOE\"I"#>!@?!9E#!MH>?>9#!@9!#=>!C@#EJ=E9DH@" Q !Y UbZ !$=>!J>IIAI"H!D@?#H@BA#@E9!EG!%3$!@?! ?M>J@>?!D>M>9D>9# Q !Y UaZ !19!H"BB@#?S!LA@9>"!M@L?S !"9D!=AC"9?S!%3$!@?!IEJ"#>D!@9!#=>! M>HE \@?EC>?S!"9D!@9!J"#?!"9D!DEL? !%3$!@?! MH>?>9#!@9! C@#EJ=E9DH@" Q !Y UcZ !19!H"#?S!C@J>S! "9D!="C?#>H?!%3$!@?!MH>?>9#!@9!BE#=!M>HE\@?EC>?!"9D!C@#EJ=E9DH@" Q !Y UcZ !%3$!YM@J#AH>D!@9!6@LAH>!UQ:Z!@?!"!=EC ED@C>H@J!MOH@DE\OI W M=E?M="#>!Y*/*Z! D>M>9D>9#!>9ROC>!#="#!#H"9?"C@9"#>?!LIOE\OI"#>!#E!LIOJ@9> !YC>J="9@?C!?=EK9!@9! ?J=>C>!UZ Q !Y UeZ +"J=!?ABA9@#!EG!%3$!@?!JECMH@?>D!EG!`e:!"C@9E! "J@D? !Y :TZ !K@#=!"!CEI>JAI"H! C"??!EG!^`!V5" Q !Y :UZ !+"J=!?ABA9@#!@?!JECME?>D!EG!`!@ D>9#@G@"BI>!DEC"@9?Q!$=>!G@H?#!:T! EH!?E!"C@9E!"J@D!H>?@DA>?!C"V>!AM!#=>!l' W #>HC@9"I!>\#>9?@E9mS!?=EK9!@9!H>D!@9! 6@LAH>!UQ:S!K=@J=!KH"M?!EF>H!#E!#=>!E#=>H!D@C>HQ! !

PAGE 14

! b . D7*63(.4 9: j!$=>!JHO?#"I!?#HAJ#AH>!EG!%3$Q!$=>H>!"H>!#KE!D@C>H?!BE#=!?=EK9!@9! O>IIEKQ!$=>!' W #>HC@9"I!>\#>9?@E9?!H>"J=!#E!>"J=!D@C>H!"9D!"H>!H>DQ!$=>H>!"H>!#KE! */*[?!@9!EH"9L>Q!1C"L>!#"V>9!GHEC!5"9MAH> Q !Y ::Z $=>! C>J="9@?C!BO!K=@J=!%3$!#H"9?"C@9"#>?!LIOE\"I"#>!#E!#=>!"C@9E!"J@D! LIOJ@9> !@?!?=EK9!B>IEK!@9!?J=>C>!U Q!$=>!GEHC"#@E9!EG!" !4J=@GG[?!B"?>!B>#K>>9!*/*! "9D!I O?@9>!@?!"9!@CM>H"#@F>!?#>M!@9!#=@?!MHEJ>??Q! H"0(+(.4 94 G !;>J="9@?C!BO!K=@J=!%3$!KEHV?!#E!#H"9?"C@9@"#>!LIOE\"I"#>!#E!LIOJ@9>Q! j!%3$ W */*h! K j!/ W "I"9@9>!>\#>H9"I!"ID@C@9>h! /G !"I"9@9> W */*!NA@9E9E@D!@9#>HC>D@"#>h!

PAGE 15

! a @G !MOHAF"#>! V>#@C@9>!@9#>HC>D@"#>h! ; j!%3$ W *;*h! DG !LIOE\OI"#>!V>#@C@9>! @9#>HC>D@"#>h! LG !LIOJ@9> W */*!NA@9E9E@D!@9#>HC>D@"#>h! MG !LIOJ@9>!>\#>H9"I!"ID@C@9>Q 1C"L>!#"V>9!GHEC !&>II@9@ Q !Y :` Z! 6@LAH>!UQ`!?=EK?!"!CE9EC>H!EG!#=>!%3$!=ECED@C>H!"9D!?M>J@G@J"IIO!?=EK?! #=>!I"HL>!" 9D!?C"II!DEC"@9!EG!#=>! CE9EC>H!"?!K>II!"?!*/*Q!%G#>H!#=>!' W #>HC@9"I! >\#>9?@E9S!#=> 9>\#! :bT!"C@9E!"J@D!H>?@DA>?!C"V>!AM!#=>!lI"HL>!DEC"@9m!Y@9!BIA>ZS! K=@J=!JE9#"@9?!#=>!"J#@F>!?@#> Q !Y U_Z !$=>!9>\#!UUT!"C@9E!"J@D!H>?@DA>?!C"V>!AM!#=>! ?C"II!&!#>HC@9"I!DEC"@9!Y@9!EH"9 L>ZS!K=@J=!JE9?@?#? !M>HE\@?EC"I!#"HL>#@9L! @9GEHC"#@E9 Q !Y ::Z! $=>!JEG"J#EH!*/*!@?!@9!LH>>9Q D7*63(.49= j!%!CE9EC>H!EG!#=>!%3$!=ECED@C>H!"9D!>"J=!EG!#=>!#=H>>!H>L@E9?!EG!#=>! MHE#> @9Q!$=>!?C"II!DEC"@9!@?!@9!EH"9L>S!#=>!I"HL>!DEC"@9!@?!@9 !BIA>Q!$=>!'!#>HC@9"I!

PAGE 16

! c >\#>9?@E9 @?!@9!BIA>!K@#=!"9!"HHEK!ME@9#@9L!EA#K"HD!"9D!#=>!JEG"J#EH!*/*!@?!@9! LH>>9Q!1C"L>!#"V>9!GHEC!(AB>H!>#!"IQ! YU_Z $=>!I"HL>!?AHG"J>!"H>"!EG!D@C>H@R"#@E9!L@F>?!%3$!@#?!=@ L=!?#"B@I@#OQ! 5@C>H@R"#@E9!EJJAH?!@9!#=>!JO#E?EI!"9D!@?!@CMEH#"9#!B>J"A?>!"?!"!CE9EC>H!%3$!@?! A9?#"BI>!"9D!D>LH"D>?Q Y::Z !+"J=!?ABA9@#!B@9D?!#E!"!MOH@DE\OI!M=E?M="#>!#E!GEHC!"! 4J=@GG[?!B"?>!K@#=!/O?:Te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j!$=>!JE9?>NA>9J>?!EG!%3$!D>G@J@>9JOQ!1C"L>!#"V>9! GHEC!5"9MAH>Q Y::Z

PAGE 17

! e %3$!@?!>9JED>D!BO!#=>! 9:;< !L>9>S!K=@J=!JE9?@?#?!EG!UU!>\E9?!"9D!?M"9?! "BEA#!UT!V8Q!$=>H>!"H>!#KE!"II>I@J!F"H@"9#?!#="#!J"A?>!MEIOCEHM=@?C?!@9!%3$Q!$=>! I>??!JECCE9!"II>I>!V9EK9!"?!#=>!lC@9EHm!%3.$!"II>I>!D@GG>H?!GHEC!#=>!lC"iEHm!"II>I>! BO !#=>!MH>?>9J>!EG!*HEUU/>A!H>MI"J>C>9#!@9!>\E9!US!"9!1I>`^T;>#!H>MI"J>C>9#!@9! >\E9!UT!"9D!"!a^!BM!DAMI@J"#@E9!@9!@9#HE9!UQ Y:^ZSY:_Z !$=>!*HEUU/>A!MEIOCEHM=@?C! IEK>H?!%3$!?#"B@I@#OS!J"A?@9L!#=>!>9ROC>!#E!A9D>HLE!?IEK>H!D@C>H@R"#@E9Q!$=>! C@9EH!"II>I>!@9GIA>9J> ?!GA9J#@E9!EG!%3$!BA#!@#!"IE9>!@?!9E#!>9EAL=!#E!J"A?>!D@?>"?>Q! (EK>F>HS!@9!JECB@9"#@E9!K@#=!J>H#"@9!CA#"#@E9?!@#!="?!D>I>#>H@EA?!>GG>J#?Q! Y_Z !-F>H!_T!%3.$!CA#"#@E9?!="F>!B>>9!@D>9#@G@>DQ Y:bZ !("IG!#=>!CA#"#@E9?! "??EJ@"#>D!K@#=!#=>!%3.$!L>9>!"H>!ME@9#S!C@?? >9?>!EH!9E9?>9?>!CA#"#@E9?Q Y:bZ !!4EC>! EG!#=>!CE?#!JECCE9!CA#"#@E9?!@9#>H"J#!K@#=!#=>!C@9EH!"II>I>Q Y::Z !$=H>>!EG!#=>!CE?#! JECCE9IO!>\"C@9>D!CA#"#@E9?!"H>!#=>!3IOc:3IAS!3IO^U%HLS!"9D!3IOUaT%HL! CA#"#@E9?Q! $=>!3IOc:3IA!CA#"#@E9!@?!GEA9D!E9!#=>!C"iEH!"II>I>Q!* "#@>9#?!="F>!9EHC"I! I>F>I?!EG!JEHH>J#IO!#"HL>#>D!%3$!BA#!#=>!%3$!DE>?!9E#!="F>!"9O!J"#"IO#@J!"J#@F@#OQ! Y:aZ! 2@#=!#=@?!CA#"#@E9S!#=>!LIA#"C"#> !Y:TZ !EJJAM@>?!#=>!?@#>!K=>H>!*/*!@?!?AMME?>D!#E! B@9D!#=A?!MH>F>9#@9L!#=>!4J=@GG!B"?>!K@#=!/O?!:Te!#E!GEHCQ Y:aZ !$=A?!%3$!="?!9E! J"#"IO#@J!"J#@F@#OQ! $=>!3IO^U%HL!CA#"#@E9!EJJAH?!GEH!BE#=!#=>!C"iEH!"9D!C@9EH!%3.$!"II>I>?S! Y:cZS!Y:eZ !=EK>F>H!>F@D>9J>!?ALL>?#?!#="#!K=>9!MH>?>9#!E9!#=>!C@9EH!"II>I>!#=>! H>M>HJA??@E9?!EG!#=@?!CA#"#@E9!"H>!CEH>!="R"HDEA?Q Y:aZ !-9!#=>!C@9EH !"II>I>S!#=>! CA#"#@E9!D>?#"B@I@R>?!%3$!"9DS! "?!"!H>?AI#!%3$!D>LH"D>?!H"M@DIOQ Y:cZ !$=>!3IO^U!@?!

PAGE 18

! UT IEJ"#>D!@9!#=>!C@DDI>!EG!#=>!D@C>H@R"#@E9!@9#>HG"J>! Y:TZ !"9D!#=>H>!@?!9E#!>9EAL=!HEEC! @9!#=@?!IEJ"#@E9!#E!G@#!#=>!I"HL>!"HL@9@9>!?@D>!J="@9!#=A?!#=>!CA#"#@E9!@9= @B@#?! D@C>H@R"#@E9Q Y::Z !$=>!CE9EC>H!="?!H>DAJ>D!J"#"IO#@J!"J#@F@#O!"9D!@?!A9?#"BI>Q! Y:aZ 19?#"B@I@#O!J"A?>?!#=>!CE9EC>H!#E!"L LH>L"#>!"9D!@9!#AH9!J"A?>?!?AB?>NA>9# D>LH"D"#@E9!EG!#=>!CE9EC>HQ! $=>!CE?#!JECCE9!CA#"#@E9!GEA9D!@9!*(U!M"#@>9#?!@?!#=>!3IOUaT%HLS Y:UZ !"! C@??>9?>!ME@9#!?AB?#@#A#@E9!#="#!@?!"??EJ@"#>D!K@#=!#=>!C@9EH!%3.$!"II>I>Q! 3IOUaT%HL!"9D!*HEUU/>A!#EL>#=>H!"H>!K="#!J"A?>!#=>!C@?#"HL>#@9L!EG!%3$!#E!#=>! C@#EJ=E9DH@"Q!$=>!CA#"#@E9!@9!JECB@9"#@E9!K@#=!#=>!C@9EH!"II>I>!J"A?>?!?IEK>H! D@C>H@R"#@E9!#E!E JJAH!"9D!H>D@H>J#?!eTn!EG!#=>!>9ROC>!"K"O!GHEC!M>HE\@?EC>?!#E! #=>!C@#EJ=E9DH@"Q Y:c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

PAGE 19

! UU 3,P(*,!@?!>9JED>D!BO!#=>!3,(*,!L>9>!"9D!@?!IEJ"#>D!E9!#=>!IE9L!"HC!JIE?>! #E!#=>!J>9#HEC>H>!E9!J=HECE?EC>!eQ! $=>! 3,(*,!L>9>!JE9?@?#?!EG!e!>\E9?S!K=@J=! >9JED>!"! `b!V5" MHE#>@9 !JE9?@?#@9L!EG!`:c!"C@9E!"J@D? Q! Y_Z =',*()$1/!./0'1*#$%21 +$ 4>JE9D"HO!=OM>HE\"IAH@"!H>?AI#?!GHEC!EF>HJE9?ACM#@E9!EG!E\"I"#>!H@J=!GEED?Q! -F>HJE9?ACM#@E9!EG!E\"I"#>!J"9!J"A?>!?>F>H"I!M"#=EIEL@J"I!JE9D@#@E9?!#E!EJJAH! B>L@99@9L!K@#=!=OM>HE\"IAH@"!Y@9JH>"?>D!I>F>I?!EG!E\"I"#>!@9!AH@9>ZS!K=@J=!I>"D?!#E! #=>!GEHC"#@E9!E G!J"IJ@AC!E\"I"#>!?#E9>?!@9!#=>!V@D9>OS!H>9"I!G"@IAH>!"9D! J"HD@ECOEM"#=OQ! YY`bZZ !1#!@?!JAH@EA?!#="#!MI"9#?!"H>!"BI>!#E!?#EH>!J"IJ@AC!E\"I"#>!K@#=! ?AJ=!>"?>!K=>H>"?!C"CC"I?!?AGG>H!#H>C>9DEA?IO!GHEC!J"IJ@AC!E\"I"#>!BA@ID!AMQ!19! MI"9#?S!J"IJ@AC!E\"I"#>!@?!?#E H>D!@9!9>>DI>!I@V>!?#HAJ#AH>?!V9EK9!"?!H"M=@D>?!"9D!@9! LHEAM?!EG!#@9O!JHO?#"I?Q Y`UZ !!$=>?>!?#HAJ#AH>?!=>IM!?#EH>!J"IJ@AC Y`UZ S! "9D!?>HF>!"?! "! D>G>9?>!"L"@9?#!=>HB@FEHOQ! $=>?>!9>>DI>!I@V>!MHEi> J#@E9?S!K=>9!@9L>?#>D!BO!@9?>J#?! ?AJ=!"?!"9#? S!J"A?> !C"iEH !@9iAHO !"9D!>F>9!D>"#= Q! -F>HJE9?ACM#@E9!EG!E\"I"#>!@?!9E#!E9IO!"!MHEBI>C!GEH!=AC"9?S!BA#!"I?E!"! MHEBI>C!GEH!LH"R@9L!"9@C"I?Q!%9@C"I?!#="#!G>>D!E9!E\"I"#>!H@J=!MI"9#?!?AJ=!"?! !,*"+%2"= Y`:Z (>0,*2*")%#?(@(9',#,=26&0(>,',#A=26(+#,3=? Y``Z ( "9D (B6%="8"$3&'( >9'%#35,=(C"#'0%%$?( Y`^Z ( GH>NA>9#IO!D>F>IEM!M>H@H>9"I!>D>C"Q >+4'$4'!01*?1'44+*( 8E#=!MH@C"HO!=OM>HE\"IAH@"?!MHELH>??!@9!#=>!?"C>!C"99>HS!=EK>F>H!#OM>!U! @?!CEH>!?>F>H>Q! Y_Z !-\"I"#>!BA@ID?!AM!@9!#=>!BEDO!J"A?@9L!>I>F"#>D!I>F>I?!EG!J"IJ@AC!

PAGE 20

! U: E\" I"#>!#E!B>!>\JH>#>D!@9!#=>!AH@9>Q!%?!"!H>?AI#S!AHEI@#=@"?@?! YU^Z YAH@9"HO!?#E9>! GEHC"#@E9Z! "9D!G@9"IIO!9>M=HEJ"IJ@9E?@?! YU^Z!! YD>ME?@#@E9!EG!J"IJ@AC!E\"I"#>!@9! M"H>9J=OC"I!H>9"I!J>II?Z!EJJAH?Q!19!BE#=!J"?>?S!J"IJ@AC!E\"I"#>!JHO?#"I?!GEHC!@9!#=>! V@D9>OS!ME# >9#@"IIO!I>"D@9L!#E!V@D9>O!G"@IAH>S!GEIIEK>D!BO!"!K@D>?MH>"D!D>ME?@#@E9!EG! J"IJ@AC!E\"I"#>!#=HEAL=EA#!#=>!BEDOQ!$OM>!U!M"#@>9#?! #OM@J"IIO! ="F>!=OM>HLIOJEI@J! "J@DAH@"!Y=@L=!JE9J>9#H"#@E9!EG!LIOJEI@J!"J@D!@9!AH@9>Z!"9D!#OM>!:!M"#@>9#?!="F>! =OM>H W U W LIOJ>H@J!" J@DAH@"!Y=@L=!I>F>I?!EG!/ W LIOJ>H"#>!@9!AH@9>ZQ Y`_Z -\"I"#>!@?!GH>>IO!G@I#>H>D!@9!#=>!LIEC>HAIA?!"9D!J"9!"I?E!B>!?>JH>#>D!BO!#=>! #ABAI>?!EG!#=>!V@D9>OQ Y`bZ!! $=>!9EHC"I!"CEA9#!EG!E\"I"#>!>\JH>#>D!@9!AH@9>!C"O!F"HO! BA#!@?!I>??!#="9!TQ_!CCEIPUQa`C : !YBEDO!?AHG" J>!"H>"Z!M>H!D"OQ Y_Z !!2@#=! =OM>HE\"IAH@"S!#=>H>!@?!"!=@L=!I>F>I!EG!E\"I"#>!>\JH>#>D!@9!#=>!AH@9>S!LH>"#>H!#="9! UCCEIPUQa`C : !M>H!D"OQ! Y_Z !$=>!AH@9>!B>JEC>?!?AM>H?"#AH"#>D!K@#=!J"IJ@AC!E\"I"#>S! K=@J=!J"A?>?!#=>!GEHC"#@E9!EG!JHO?#"I?!K@#=@9!#=>!IAC>9!EG!H>9"I !#ABAI>?Q!$=>9! "D=>?@E9!#E!#=>!#ABAI"H!>M@#=>I@AC!EJJAH?!"9D!#=>9!#=>!J "IJ@AC!E\"I"#>!JHO?#"I?!"H>! @9#>H9"I@R>D!@9#E!#=>!J>II ? Q! Y`aZ! -9J>!H>9"I!GA9J#@E9!D>JI@9>?!#E!"!LIEC>HAI"H!G@I#H"#@E9! H"#>!B>IEK!`T W ^T!C/PC@9!M>H!UQa`C : BEDO!?AHG"J>!"H>"S!H>9"I!>\JH>#@ E9!EG!E\"I"#>! @?!=@9D>H>D!"9D!?AM>H?"#AH"#@E9!@?!H>"J=>DQ Y_Z !5>ME?@#@E9!EG!J"IJ@AC!E\"I"#>!EJJAH?! EA#?@D>!EG!#=>!V@D9>O?!@9!#=>!H>#@9"S!COEJ"HD@ACS!F>??>I!K"II?S!?V@9S!BE9>S!"9D!#=>! J>9#H"I!9>HFEA?!?O?#>CQ!/E9L W #>HC!>GG>J#?!@9JIAD>!J"HD@ECOEM"#=OS!F"?JAIEM "#=OS! =>"H#!BIEJVS!E\"I"#>!E?#>EM"#=O!"9D!V@D9>O!G"@IAH>Q! Y`cZ !

PAGE 21

! U`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`e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

PAGE 22

! U^ ! 19!:TTe!oAE!>#!"IQ!A?>D!"!C@C@J!EG!J"#"I"?>!#="#!="D!MH>F@EA?IO!B>>9! ?O9#=>?@R>D!@9! #=>!?"C>!I"BEH"#EHOS!f;9/Y( : -Zg : Y&I^ Z : !K=>H>! /!p!B@?Y: W MOH@DOIC>#=OIZ"C@9EZMHEM@E9@J!"J@D! YD@?MI"O>D!@9!6@LAH>!UQ_Z!@9!EHD>H!#E!H>MI"J>! #=>!?>JE9D!>9ROC>!H>NA@H>D!GEH!#=>!"??"OQ Y^TZ !19!#=>!F>H?@E9!EG!#=>!"??"O!D>F>IEM>D! BO!o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j!f;9/Y( : -Zg : Y&I^ Z : !S!"!GA9J#@E9"I! CED>I!GEH!#=>!J"#"I"?>!>9ROC>Q!6HEC!oAE!>#!"IQ! Y^TZ

PAGE 23

! U 51'$&7'(& !4>F>H"I!C>#=E D?!>\@?#!#E!#H>"#!=OM>HE\"IAH@" Q!2=@I>!@#!@?!B>?#!#E!D>#>J#!#=>?>! D@?EHD>H?!Y*(U!"9D !*(:Z!>"HIO!E9S!#=>O!J"9!B>!D@GG@JAI#!#E!D@"L9E?>Q!$=>!E9?>#!EG! #=>?>!D@?EHD>H?S!>?M>J@"IIO!*(!#OM>!US!@?!H"M@DQ!2@#=EA#!#H>"#C>9# S !#=>!GA#AH>!GEH! M"#@>9# ?!K@#=!=O M>HE\"IAH@"!@?!BI>"VQ!%!?#ADO!?=EK>D!#="#! _Tn!EG!``T!M"#@>9#?!="D! >9D W ?#"L>!H>9"I!D@?>"?>!BO! "L>!U_!"9D!cTn!BO!"L>!`TQ! Y`aZ $E!#H>"#!#=>?>!D@?EHD>H?!@#!@?!>??>9#@"I!#E!JE9?AC>!JEM@EA?!"CEA9#?!EG!I@NA@D?! D"@IO!"9D!#E!>"#!"!D@>#!IEK!@9!E\"I"#>!"9D!"?JEHB@J!"J@D!YF@#"C@9!&ZQ!1#!="?!B>>9! >?#@C"#>D!#="#!`_ W _Tn!EG!AH@9"HO!E\"I"#>!C"O!B>!D>H@F>D!GHEC!#=> !JE9F>H?@E9!EG! "?JEHB@J!"J@D!#E!E\"I"#>Q Y^UZ 19#>H>?#@9LIOS!"9!@9?AGG@J@>9#!?AMMIO!EG!J"IJ@AC!="?!B>>9!?=EK9!#E!B>!"!H@?V! G"J#EH!GEH!?#E9>!GEHC"#@E9! Y^:Z S! Y^`Z !&"IJ@AC!KEHV?!#E!JECMI>\!K@#=!E\"I"#>!#=A?! IEK>H@9L!#=>!"CEA9#!EG!E\"I"#>!#="#!J"9!B>!"B?EHB>D! BO!#=>!BEDOQ!1G!D@>#"HO!J"IJ@AC! @?!IEKS!#=>!BEDO!"B?EHB?!CEH>!E\"I"#>S!K=@J=!L>#?!>\JH>#>D!@9!#=>!AH@9>S!K=>H>!@#!J"9! G@9"IIO!B@9D!#E!J"IJ@AC!"9D!"?!"!H>?AI#S!J"IJ@AC!E\"I"#>!JHO?#"I?!GEHCQ!;"L9>?@AC! KEHV?!#=>!?"C>!K"O!"?!J"IJ@AC!"9D!J"9!B>!A?>D!#E!IEK>H!# =>!BED@IO!"B?EHM#@E9!EG! E\"I"#>Q! Y^^Z *OH@DE\"I!M=E?M="#>!@?!"!JEG"J#EH!GEH!%3$!"9D!@#!="?!B>>9!?=EK9!#="#! M"#@>9#?!K@#=!*(U!K=E!JE9?AC>!M="HC"JEIEL@J"I!DE?>?!EG!MOH@DE\@9>!"9D! M=E?M="#>!J"9!MH>?>HF>!H>9"I!GA9J#@E9Q Y_Z !(EK>F>HS!?EC>!M"#@>9#?!="F>!"!?>9?@#@ F@#O! #E!MOH@DE\@9>Q!*E#"??@AC! J@#H"#> !Y _Z !@?!"9E#=>H!ME??@BI>!#H>"#C>9#!"9D!KEHV?!BO! >\J="9L@9L!E\"I"#>!GEH!J@#H"#>!GEHC@9L!"!CEH>!?EIABI>!JECMI>\!K@#=!J"IJ@AC!"9D! IEK>H@9L!#=>!"CEA9#!EG!@9?EIABI>!J"IJ@AC!E\"I"#>!@9!#=>!BEDOQ!

PAGE 24

! Ub %!D>G@J@>9JO!EG!E\"I"#>!D>LH"D"#@E9!BO! DE,*"1,52%#(F"#'3+%=%0( @9!#=>!@9#>?#@9>! C"O!JE9#H@BA#>!#E!@9JH>"?>D!"B?EHM#@E9!"9D!>\JH>#@E9!EG!AH@9"HO!E\"I"#>Q! Y^_Z !%! H>J>9#!M@IE#!?#ADO!="?!?=EK9!"!H>DAJ#@E9!EG!AH@9"HO!E\"I"#>!@9!*(!M"#@>9#?!#="#!="F>! B>>9!#H>"#>D !K@#=! DE,*"1,52%# Q! Y^bZ $=>H>GEH>!@#!C"O!B>!ME??@BI>!#E!#H>"#!M>EMI>!#="#! ="F>!B>>9!D@"L9E?>D!K@#=!=OM>HE\"IAH@"!K@#=! DE,*"1,52%#(F"#'3+%=%0 !EH!"9O!E#=>H! @9#>?#@9"I!B"J#>H@"!J"M"BI>!EG!D>LH"D@9L!E\"I"#>Q!$=>?>!C@JHEB@E#"!J"9!=>IM!D>LH"D>! E\"I"#>!#=A?!I@C@# @9L!@#?!"B?EHM#@E9!GHEC!#=>!@9#>?#@9"I!IAC>9Q!%!H>J>9#!MH>I@C@9"HO! ?#ADO!?=EK>D!#="#!"!MH>M"H"#@E9!EG!I"J#@J!"J@D!B"J#>H@"!D>LH"D>D!E\"I"#>! 3=()32#" !"9D! H>DAJ>D!#=>!"CEA9#!EG!AH@9"HO!E\"I"#>!>\JH>#@E9!K=>9!L@F>9!BO!CEA#=Q! Y^aZ +F>9#A"IIOS!J"?>?!EG!*(U!J"I I!GEH!>\#H>C>!C>"?AH>?!?AJ=!"?!D@"IO?@?!#E!GIA?=! >\J>??!E\"I"#>!EA#!EG!#=>!BEDOQ!,>9"I!#H"9?MI"9#"#@E9!@?!"I?E!>F>9#A"IIO!9>J>??"HOQ! $=>!C"@9!MHEBI>C!K@#=!H>9"I!#H"9?MI"9#"#@E9!@?!#="#!@#!DE>?!9E#!D>"I!K@#=!#=>!?EAHJ>! EG!#=>!CA#"#@E9Q!$=EAL=!#=>!V@D9>O?!"H >!"GG>J#>DS!@#!@?!#=>!I@F>H!#="#!="?!#=>!CA#"#>D! >9ROC>!#="#!@?!C"IGA9J#@E9@9LQ!+F>9!K@#=!"!V@D9>O!#H"9?MI"9#!=OM>HE\"IAH@"!J"9! H>EJJAHQ Y^cZ !%!CEH>!"LLH>??@F>!"9D!B>9>G@J@"I!K"O!#E!#H>"#!*(!#OM>!U!@?!K@#=!"! JECB@9"#@E9!E G!V@D9>O!"9D!I@F>H!#H"9?MI"9#?Q 'E9> #=>I>??S!?#"#@?#@J?!"H>!G"FEH"BI> !GEH! #H"9?MI"9#? h!"J#A"H@"I!M"#@>9#!"9D!I@F>H!"IIELH"G#!?AHF@F"I?!"#!_!O>"H?!"G#>H!"! JECB@9>D!I@F>H!"9D!V@D9>O!#H"9?MI"9#"#@E9!"H>!cT!"9D!a:n!H>?M>J#@F>IOQ Y^eZ !!4@9J>! *(:!@?!9E#!"?!?>F>H>!"?!*(U!"!V@D9>O!#H"9?MI"9#!@?!?AGG@ J@>9#!@9!#H>"# @9L!#=>!>GG>J#?!EG! #=>!D@?>"?>Q! Y_Z ( ( (

PAGE 25

! Ua ( "#$%$&'!)'?1$)+(?!'(@/7'4 ( $=>H>!"H>!#=H>>!V9EK9!>9ROC>?!#="#!C>#"BEI@R>!E\"I"#>j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bS!E\"I" #>!E\@D"?>!J"#"IO?>?!#=>!E\OL>9 W D>M>9D>9#!E\@D"#@E9!EG! E\"I"#>!@9#E!J"HBE9!D@E\@D>!"9D!=ODHEL>9!M>HE\@D> Y_`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bZ

PAGE 26

! Uc -\E\!S!@9!MI"9#?S!@?!"9!>\#H"J>IIAI"H!>9ROC>!#="#!@?!MH>?>9#!@9!M"H>9J=OC"#EA?!J>II?Q! 1#!="?!B>>9!=OME#=>?@R>D!#="#!E\"I"#>!E\@D"?>!@9!MI"9#?!"J#?!"?!"!D>G>9?>!"L"@9?#! @9G>J#@EA?!M"H"?@#>?Q YbZ !$=>!=ODHEL>9!M>HE\@D>!#="#!@?!MHEDAJ>D!?>HF>?!"?!"!?@L9"I!G EH! MI"9#!D>G>9?>?!"9D!"?!"!#E\@9!#E!@9G@I#H"#EH?!?AJ=!"?!J>H#"@9!GA9L@Q!4EC>!M"#=EL>9?! A?>!E\"I@J!"J@D!#E!H>DAJ>!M(!@9!J>II?S!K=@J=!@9!#AH9!"J#@F"#>?!MEIO?"JJ="HEIO#@J! >9ROC>?!#="#!D@L>?#!MI"9#!#@??A>?Q Y_aZ !$=@?!=EK>F>HS!@?!9E#!"!MHEBI>C!GEH!MI"9#?!#="#! A# @I@R>!E\"I"#> W D>LH"D@9L!>9ROC>?Q! -\E\!@?!"!C>CB>H!EG!#=>!JAM@9!?AM>HG"C@IO!EG!MHE#>@9?S! K=@J=!"H>! D@?#@9LA@?=>D!BO!#=>@H!MH>?>HF>D!CE#@G?!"9D!#=>@H!JECCE9!B>#" W B"HH>I!GEIDQ! Y_cZ $=>?>!MHE#>@9?!"H>!J="H"J#>H@R>D!BO!"!li>IIO!HEIIm Y_cZ !CE#@GS!K=>H>!M"H#!EG!# =>!MHE#>@9! GEID?!@9!E9!@#?>IG!"9D!#=>!C>#"I!J>9#>H!@?!IEJ"#>D!@9?@D>!#=>!GEID W !I@V>!i>IIO!@9!"! DEAL=9A#Q!-\E\ !@?!"!C"9L"9>?>!JE9#"@9@9L!?AM>H!JAM@9!"9D!"?!J"9!B>!?>>9!@9!6@LAH>! UQa!#=>!MHE#>@9!@?!C"D>!AM!EG!?@\!B>#" W i>IIOHEII!CE9EC>H?!"HH"9L>D!"?!"! =ECE=>\ "C>H!Y"!#H@C>H!EG!D@C>H?ZQ! Y_eZ !$=>H>!@?!E9>!C"9L"9>?>!M>H!?ABA9@#Q YbTZ !+"J=! =ECE=>\"C>H!JE9#"@9?!US:Tb!"C@9E!"J@D?!"9D!?@\!C"9L"9>?>!@E9?Q!+"J=!CE9EC>H! ="?!"9!@HH>LAI"H!' W #>HC@9"I!>\#>9?@E9Q YbTZ !-\"I"#>!E\@D"?>[?!NA"#>H9"HO!?#HAJ#AH>! C"V>?!@#!M"H#@JAI"HIO !H>?@?#"9#!"L"@9?#!=>"#S!454S!>\#H>C>!M(!"9D!MHE#>"?>?Q YcZ !8"HI>O! E\E\!@?!"!K"#>H W ?EIABI>!YI@V>!"II!?AM>H!JAM@9?Z!LIOJEMHE#>@9!"9D!>"J=!CE9EC>H!="?!"! CEI>JAI"H!C"??!EG!:bV5"Q YbTZ !!

PAGE 27

! Ue D7*63(.49> j!%Z!$=>!i>IIOHEII!DEC"@9!#="#!JE9#"@9?!#=>!CE9E9AJI>"H!C"9L"9>?>!@9! !"#$%&'()&*+,#% !E\"I"#>!E\@D"?>Q!8Z!$=>!EF>H"II!?#HAJ#AH>!EG!E\"I"#>!E\@D"?>!@9! !"#$%&'()&*+,#% Q!+"J=!CE9EC>H!@?!?=EK9!@9!"!D@GG>H>9#!JEIEHQ!$"V>9! GHEC! 4F>DHARq@J!!>#!"I Q Y__Z $=>!"J#@F>! ?@#>!YG@H?#!JEEHD@9"#@E9!?M=>H>Z!EG!E\E\!JE9#"@9?!"!C"9L"9>?>!@E9! @9!"9!EJ#"=>DH"I!L>EC>#HO!#="#!@?!BEA9D!BO!#=H>>!=@?#@D@9>?!Y (@?ccS!(@?eTS!"9D! (@?U`aZ S!E9>!LIA#"C"#>!Y 3IAe_Z! H>?@DA>!"9D!#KE!K"#>H!CEI>JAI>?!#="#!"H>! 530( #E!>"J=! E#=>H!Y6@LAH>!UQcZQ YUZ !$=>! K"#>H!CEI>JAI>?!"H>!I"B@I>S!C>"9@9L!#=>O!"H>!>"?@IO! >\J="9L>DQ!$=>!G@H?#!JEEHD@9"#@E9!?M=>H>!@?!@CMEH#"9#!GEH!>9ROC>!J"#"IO?@?!@9!#="#! #=>!JEEHD@9"#>D!"C@9E!"J@D?!KEHV!#E!?#"B@I@R>!#=>!E\@D"#@E9!?#"#>!"9D!"9O!J="9L>?!@9! E\@D"#@E9!?#"#>!DAH@9L!#=>!J"#"IO#@J !H>"J#@E9Q YaZ !$=>!L>EC>#HO!"HEA9D!C"9L"9>?>! K"?!EH@L@9"IIO!D>#>HC@9>D!#E!B>!EJ#"=>DH"I!F@"!+*,!?#AD@>?!#="#!D>#>HC@9>D!"9!+*,!

PAGE 28

! :T ?@L9"I!I@>?!9>"H!Lp:Q!$=>?>!?#AD@>?!"I?E!>?#"BI@?=>D!#="#!C"9L"9>?>!Y11Z!@?!MH>?>9#!@9! #=>!H>?#@9L!?#"#>!EG!E\E\Q YbZ !$=@?!@9GEHC"# @E9!K"?!JE9G@HC>D!I"#>H!@9!. W H"O!JHO?#"I! ?#HAJ#AH>?Q! $=>!?>JE9D!JEEHD@9"#@E9!?M=>H>!EG!E\E\!@?!@CMEH#"9#!@9!C"@9#"@9@9L!>9ROC>! ?#HAJ#AH>!"9D!JE9?@?#?!EG!M=>9OI"I"9@9>S!LIA#"C@9>S!"9D!"?M"H"L@9>Q!$=>!J"#@E9@J!"9D! "9@E9@J!H>?@DA>?!@9!#=>!?>JE9D!JEEHD@9"#@E9 !?M=>H>!?#"B@I@R >!@9#>HC>D@"#>? !DAH@9L! J"#"IO?@?Q!19!G"J#S!K=>9!#=>H>!"H>!CA#"#@E9?!@9FEIF>D!@9!#=>!?>JE9D!JEEHD@9"#@E9! ?M=>H>S!>9ROC>!GA9J#@E9!@?!EG#>9!@9=@B@#>DQ!6EH!>\"CMI>S!K=>9!>@#=>H!%?9a_!EH!%?9! c_!"H>!CA#"#>D!#E!"I"9@9>S!#=>!J"#"IO#@J!"J#@F@#O!EG!# =>!>9ROC>!@?!H>DAJ>D!#E!:!"9D! TQ_n !EG!9EHC"I!"J#@F@#OS !H>?M>J#@F>IOQ YbUZ !$=@?!?ALL>?#?!#="#!#=>?>!"C@9E!"J@D?!"H>! @CMEH#"9#!GEH!#=>!J"#"IO#@J!"J#@F@#O!EG!E\E\Q

PAGE 29

! :U D7*63(.49IG. $=>!G@LAH>!E9!#EM !?=EK?!#=>!"J#@F>!?@#>!EG!E\"I"#>!E\@D"?>!@9! !"#$%&'( )&*+,#% ( #"V>9!GHEC!4J"HM>II@9@!>#!"IQ YUZ! $ =>!IEK>H!G@LAH>! ?=EK?!#=>!G@H?#!"9D!?>JE9D! JEEHD@9"#@E9!?M=>H>?!EG!E\E\!@9! !"#$%&'()&*+,#% Q!1C"L>!#"V>9!GHEC!4F>DHAR@J!>#! "I Q Y__Z 8"HI>O!E\E\!="?!"9!EM#@C"I!"J#@F@#O!"#!M(!`Qc Y_aZ S!K=@J=!@9D@J"#>?!#="#!#=>! ?@9L IO!MHE#E9"# >D!E\"I"#>!YK@#=!"!M< "!EG!^Q`Z!@?!#=>!"J#@F>!?AB?#H"#>!H"#=>H!#="9! E\"I@J!"J@D!EH!E\"I"#>Q!$=>!>\"J#!C>J="9@?C!BO!K=@J=!E\"I"#>!E\@D"?>!BH>"V?!DEK9! E\"I"#>!="?!9E#!B>>9!D>#>HC@9>DQ!!

PAGE 30

! :: $=>!CE?#!JECCE9!K"O!GEH!B@EIEL@?#?!#E!?#ADO!>9ROC>?!@?!#E!JH>"#>!"! H>JECB @9"9#! >9ROC>!BO!A#@I@R@9L!#=>!B"J#>H@AC 4056%#3563,(5"*3 Q!%G#>H!#=>! H>JECB@9"9#! >9ROC>!="?!B>>9!JH>"#>DS!?J@>9#@?#?!J"9!GH>>IO!CA#"#>!"C@9E!"J@D?!"9D! H>CEF>!JEG"J#EH?!@9!EHD>H!#E!?>>!=EK!#=>?>!J="9L>?!"GG>J#!H>JECB@9"9#!>9ROC>! >\MH>??@E9Q!!*"H#!EG!#=>!H>"? E9!K=O!C>J="9@?#@J!>IAJ@D"#@E9!EG!E\E\!="?!B>>9! H>#"HD>D!@?!B>J"A?>!@#!="?!B>>9!D@GG@JAI#!GEH!?J@>9#@?#?!#E!JH>"#>!"!H>JECB@9"9#! >9ROC>!GEH!E\E\Q! 19!:TT:S!=EK>F>HS !2=@##"V>H!>#!"IQ!?AJJ>>D>D!@9!>\MH>??@9L!B"HI>O! E\E\!@9!"!C>#=OIE#HEM@J!O>"?#!J"II>D! 73563,( 8,02"#30.( YbZ !$=>!H>JECB@9"9#!E\E\!K"?! >\MH>??>D!"?!"!?EIABI>S!=>\"C>H@J!LIOJEMHE#>@9!K@#=!"!?M>J@G@J!"J#@F@#O!EG!UT!0PCLS! ?@C@I"H!#E!B"HI>O!E\E\Q YbZ !19!JE9#H"?#!K@#=!9"#@F>!B"HI>O!E\E\S!#=>!H>JECB@9"9#! >9ROC>!="D!9E!"MM"H>9#!?AM>HE\@D>!D@?CA#"?>!"J#@F@#OQ $=>!+*,!?M>J#HAC!Y?=EK9!@9!6@LAH>!UQe%Z!EG!#=>!9"#@F>S!H>JECB@9"9#!E\E\!@?! #OM@J"I!EG!=@L= W ?M@9!;9Y11Z!Y4p_P:Z!K @#=!"9!EJ#"=>DH"I!L>EC>#HOQ $=@?!?M>J#HAC!@?! "I?E!GEA9D!GEH!#=>!B"HI>O!>9ROC>Q Yb:Z !$=@?!H>?AI#!@?!JE9?@?#>9#!K@#=!JHO?#"IIELH"M=@J! D"#"!#="#!H> F>"I!?@\ W JEEHD@9"#>!C"9L"9>?>!"#!#=>!C>#"I!B@9D@9L!?@#>!EG!E\E\Q!!$=>! @9#>9?@#O!EG!#=>!;9Y11Z!+*,!?@L9"I!@?!9E#!"I#>H>D!BO!#=>!"DD@#@E9!EG!?#HE9L!E\@D"9#?S! =EK>F>HS!K=>9!E\"I"#>!@?!@9#HEDAJ>D S !#=>!=OM>HG@9>!?MI@##@9L!!J="9L>?Q!$=>?>! J="9L>?!J"9!B>!?>>9!@9!#=>!+*,!?M>J#HAC!@9!6@LAH>!UQe8Q!$=>?>!H>?AI#?!"H>!"??AC>D! #E!@9D@J"#>!#="#!E\"I"#>!B@9D?!#E!;9Y11Z!@9!#=>!"J#@F>!?@#>Q YbTZ

PAGE 31

! :` ! ! $=>!C"iEH@#O!EG!#=>!C"9L"9>?>!MH>?>9#!@9!E\E\!@?!MH>?>9#!@9!#=>!H>DAJ>D! ;9Y11Z!?#"#>S!"I#=EAL=!@#!J"9!B>!?>>9!@9!6@LAH>!UQUT!#="#!#=>H>!@?!?EC>!;9Y111Z! MH>?>9#!"?!K>IIQ!!$=>!K>"V!"B?EHM#@E9?!9>"H!^_T!"9D!a:_9C!"H>!JE9?@?#>9#!K@#=!?@\ W JEEHD@9"#>!=@L= W ?M@9!; 9Y111Z!@9!"!D@?#EH#>D!EJ#"=>DH"I!>9F@HE9C>9#Q! D7*63(.49 N G !4AB?#H"#>!@9#>H"J#@E9?!"#!#=>!"J#@F>!?@#>! ;9Y11Z!J> 9#>H!D>#>J#>D!K@#=!+*,!?M>J#HE?JEMOQ!%Z!'"#@F>! E\E\!8Z!%9">HEB@J!9"#@F>!E\E\!K@#=!E\"I@J!"J@DQ! YbZ

PAGE 32

! :^ ! 2 @#=! #=@?!>F@D>9J>S!2=@##"V>H!>#!"IQ !K>H>!"BI>!#E!JE9?#HAJ#!"!C>J="9@?C!@9! :TT: !#="#!#=>O!JE 9?@D>H>D!MI"A?@BI>!Y6@LAH>!UQUU ZQ!! D7*63(.4944 j!;>J="9@?C!MHEME? >D!BO!2=@##"V>H!>#!"IQ!@9!:TT:Q YbZ D7*63(.494OG !%Q!$=>!EM#@J"I!"B?EHM#@E9!?M>J#H"!EG!%Z!"9">HEB@J! 9"#@F>!E\E\!"9D!8Z!"G#>H!#=>!"DD@#@E9!EG!E\"I@J!"J@D! YbZ

PAGE 33

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b!"9D!@9!:TTa!#=>!2=@##"V>H!LHEAM!D>?JH@B>D! #KE!9>K!C>J="9@?C?! #="#!D@GG>H!H"D@J"IIO!GHEC!#=>!E9>!MHEME?>D!@9!:TT:Q!1#!@?!GHA?#H"#@9L!#="#!#=>O!9>F>H! H>G>H!#E!#=>@H!MH>F@EA?!KEHVPC>J="9@?C?!K=>9!D@?JA??@9L!#=>!9>K!E9>?Q!$=>! C>J="9@?C!GHEC!:TTb!@9FEIF>?!#=>!?>JE9D"HO!JEEHD@9"#@E9!?M=>H>S!K=@J=!#=>O! D >>C!@CMEH#"9#!@9!J"#"IO#@J!#AH9EF>H!B>J"A?>!K=>9!#=>!#KE!%?9!@9!#=>!?>JE9D! JEEHD@9"#@E9!?M=>H>!"H>!CA#"#>D!#E!%I"!#=>H>!@?!"!JECMI>#>!IE??!EG!>9ROC>! "J#@F@#OQ YbUZ !19!:TTaS!#=>!2=@##"V>H!LHEAM!M>HGEHC>D!+*,!"9D!BAH?#!V@9>#@J?! >\M>H@C>9#?!A?@9L!#=>!H>JECB@9" 9#!E\E\!GHEC! 7.(7,02"#30( JE9#"@9@9L!;9Y11ZS!;9Y111ZS! "9D!;9Y17ZQ Yb`Z !$=>O!GEA9D!"II!#=H>>!E\@D"#@E9!?#"#>?!K>H>!@9#>HJE99>J#>D!DAH@9L! J"#"IO?@?S!O>#!#=>@H!MHEME?>D!C>J="9@?C!@9! #=>!:TTa!M"M>H!DE>?!9E#!@9JIAD>! ;9Y17Z Q $=>!C>J="9@?C!GHEC!:TTa!@9FEIF>?!#=>!?" C>!#KE!%?9!GHEC!#=>!?>JE9D!JEEHD@9"#@E9! ?M=>H>!BA#!D@GG>H?!@9!#=>!K"O!#="#!E\"I"#>!@?!BEA9DQ!!19?#>"D!EG!B@9D@9L!@9!"! CE9ED>9#"#>!G"?=@E9S!E\"I"#>!@?!BEA9D!@9!"!B@D>9#"#>!G"?=@E9Q!1#!J"9!B>!JE9JIAD>D! GHEC!#=>!F"H@>#O!EG!MHEME?>D!C>J="9@?C?!"F"@I"BI>!#="#!# =>!"J#A"I!C>J="9@?C!EG! E\E\!@?!MEEHIO!A9D>H?#EEDQ

PAGE 34

! :b "#$%$&'!)',$1A*#/%$4'!8*#),; &>H#"@9!GA9L@!="F>!B>>9!?=EK9!#E!A?>!E\DJ!"?!"!C>#=ED!EG!E\"I"#>! D>LH"D"#@E9Q! Yb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bcZ -\DJ!I@V>!E\E\!@?!"!C"9L"9>?>!JE9#"@9@9L!?AM>H!JAM@9!#=EAL=!#=>O !D@GG>H!@9! ?#HAJ#AH>Q!$=>!E\DJ!CE9EC>H!@?!JECME?>D!EG!#KE!JAM@9!DEC"@9?!>"J=!EG!K=@J=!="?! "!C>#"I!B@9D@9L!J>9#>HQ YbeZ YU^Z !*AH@G@>D!E\DJ!JHO?#"II@R>?!"?!"!=>\"C>H!EG!^` W V5"! ?ABA9@#? Y6@LAH>!UQU:ZQ YaTZ !!$KE!#H@ C>H?!?#"JV!E9!#EM!EG!>"J=!E#=>H!#E!GEHC!"! =>\"C> H Q Y__Z YU^Z !!

PAGE 35

! :a D7*63(.494: j!(@L= W H>?EIA#@E9!JHO?#"I!?#HAJ#AH>!EG! /.(0&123*30 !E\DJ!Y%Z!?=EK?!"!H@BBE9! H>MH>?>9#"#@E9!EG!"9!E\DJ!#H@C>HQ!$=>!>9ROC>!@?!"!=>\"C>H!"9D!JE9?@?#?!EG!#KE! #H@C>H?!?#"JV>D!E9!E9>!"9E#=>HQ!$=>!LH>O!?M=>H>?!"H>!C"9L"9>?>!@E9?Q!Y8Z!?= EK?! E9>!B@JAM@9!i>IIO!HEIIQ!1C"L>?!#"V>9!GHEC! 4F>DHARq@J!r!>#!"IQ Y__Z 1#!@?!MH>?>9#IO!A9JI>"H !K=@J=!C>#"I!B@9D@9L!?@#>!@9!#=>!E\DJ!CE9EC>H!@?!#=>! "J#@F>!?@#>Q!$=>!C"9L"9>?>!JEEHD@9"#@E9!?M=>H>!"#!#=>!' W #>HC@9A?!EG!E\DJ!@9! /.( M&123*30@ !"?!?=EK9!@9!6@LAH>!UQU`%S!JE9#"@9?!#=H>>!=@?#@D@9>!H>?@DA>?!Y(@?e_S!(@?ea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

PAGE 36

! :c D7*63(.494=G !$=>!' W !#>HC@9A?!"J#@F>!?@#>!G@H?#!JEEHD@9"#@E9!?M=>H>!EG! /.(M&123*30 E\D JQ! 1C"L>!#"V>9!G HEC!4J"HM>II@9@ !>#!"I YUZ $=>!?#HAJ#AH>!EG!E\DJ!@?!K=>H>!H>I@"BI>!"??ACM#@E9!>9D?Q!$=>!C>J="9@?C!"9D! E\@D"#@E9!?#"#>!EG!#=>!H>?#@9L!>9ROC>!"H>!?#@II!D>B"#>DS!"?!@?!#=>!"J#A"I!?@#>!Y' W #>HC@9A?!EH!& W #>HC@9A?Z!EG!"J#@F@#OQ!;"9O!LHEAM?!"??>H#!#="#!#=>!H>?#@9 L!E\@D "#@E9! ?#"#>!EG!C"9L"9>?>!@?!k:Q Ya^Z! ;"9O!MHEME?>D!C>J="9@?C?!EG!E\DJ!"??AC>!#="#! E\"I"#>!B@9D?!@9!"!CE9ED>9#"#>!G"?=@E9!>F>9!#=EAL=!#=>!B@9D@9L!CED>!@?! A9V9EK9Q Ya^Z !$=>?>!C>J="9@?C?!"??AC>!#="#!E\"I"#>!B@9D?!@9!"!CE9ED>9#"#>! G"?=@E9!B>J"A?>!E\DJ!J"#" IOR>?!"9!: !D>M>9D>9#!H>"J#@E9!"9D!#=@?!?ALL>?#?!#="#!: C"O!EJJAMO!#=>!E#=>H!"F"@I"BI>!B@9D@9L!?@#>!@9!#=>!EJ#"=>DH"I!JECMI>\Q!! ;>J="9@?C?!GEH!E\DJ!"9D!E\E\!#="#!D@F>HL>!"#!"!?@9LI>!ME@9#!"H>!"##H"J#@F>! B>J"A?>!@#! @?!ME??@BI>!#="#!E\DJ!>FEIF>D!GHEC!E\E\ !BO!L>9>!DAMI@J"#@E9!YEH!F@J>!F>H?"! BO! "!D>I>#@E9!>F>9#Z!"9D!?>I>J#@E9Q YaUZ 1#!@?!"I?E!V9EK9!#="#!E\E\!"9D!E\DJ!ME??>??! ?C"II!"CEA9#?!EG!#=>!E#=>H[?!H>?M>J#@F>!"J#@F@#OQ! Ya:Z S Ya`Z

PAGE 37

! :e 19!:TTaS!#=>!8EH9>C"99!LHEAM!MABI@?=>D!>\#>9?@F>!H>?>"HJ=!E9!#=>!"J#@F>! ?@#> !EG!E\DJ!@9!8Q!?AB#@I@A?Q Ya:Z !1#!K"?!D>#>HC@9>D!#="#!#=>!' W #>HC@9"I!C"9L"9>?>!?@#>! JEAID!B>!EM>9>D!"9D!JIE?>D!F@"!"!JE9GEHC"#@E9"I!J="9L>!@9!#=>!lI@Dm!M>M#@D>?!#E! "IIEK!?AB?#H"#>!"JJ>??!#E!#=>!' W #>HC@9"I!?@#>Q Ya:Z !;A#"#@E9!EG!3IA W Ub:!@9!#=>!I@D! J"A?>D!"!D> JH>"?>!@9!E\DJ!"J#@F@#O!"9D!"9!@9JH>"?>!@9!E\E\!"J#@F@#OQ Ya:Z 6HEC!#=>?>! H>?AI#?!#=>!LHEAM!MHEME?>D!#=>!D@F>HL>9#!C>J="9@?C!MH>?>9#>D!@9!6@LAH>!UQU^Q ! 6EH!BE# =!>9ROC>?S!E\"I"#>!@?!MHEME?>D!#E!B@9D!#E!;9Y11Z!@9!"!CE9ED>9#"#>! G"?=@E9Q!$=>9!: !JEEHD@9"#>?!#E!;9Y11Z!E\@D@R@9L!@#!#E!;9Y111ZQ!5>MHE#E9"#@E9! H>EHL"9@R>?!#=>!>I>J#HE9!D@?#H@BA#@E9!H>DAJ@9L!;9Y111Z!B"JV!#E!;9Y11Z!"9D!#=>9!&: !! @?!IE?#Q!!,>"J#@E9!EG!#=>!GE HC"#>!H"D@J"IS!MHEDAJ>D!BO!#=>!IE??!EG!&: !@?!K=>H>!#=>! D7*63(.494CG !5@F>HL>9#!C>J="9@?C?!GEH!E\E\!"9D! E\DJS!MHEME?>D!BO!#=>!8EH9>C"99!LHEAMQ! be

PAGE 38

! `T M"#=K"O?!EG!#=>!#KE!>9ROC>?!D@F>HL>!@9!#=@?!C>J="9@?CQ!6EH!E\E\!#=>!GEHC"#>! H"D@J"I!H>"J#?!K@#=!#=>!BEA9D!?AM>HE\@D>!#E!GEHC!"!G@F> W C>CB>H>D!H@9L!JECMI>\>D! #E!;9Y11ZQ! 2@#=! #=>!"DD@#@E9!EG!#KE!MHE#E9?S !=ODHEL>9!M>HE\@D>!"9D!"!?>JE9D! CEI>JAI>!EG!J"HBE9!D@E\@D>!H>?AI#Q!6EH!E\DJS!#=>!GEHC"#>!H"D@J"I!@?!MHE#E9"#>D!BO!3IA! Ub:S!K=@J=!"I?E!@9JH>"?>?!#=>!E\@D"#@E9!?#"#>!EG!;9!GHEC!k:!#E!k`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oAE!>#!"I !A?>D!"!C"9L"9>?>!CED>I!JECMEA9D!GEH!J"#"I"?>!#E! H>MI"J>!#=>!?>JE9D!>9ROC>!@9!#=>!"??"OQ!$=>!CED>I!JECMEA9D!@?!"!I@##I>!I>??!>GG@J@>9#! #="9!#=>!"J#A"I!>9ROC>S!BA#!@#!@?!J=>"M>HS!>"?@>H!#E!="9DI>S!"9D!="?!"!?C"II>H! CEI>JAI"H!K>@L=#!#="9!#=>!"J#A"I!>9ROC>Q Y^ UZ !-9>!LE"I!EG!#=@?!MHEi>J#!@?!#E!JH>"#>!"! J"#"IO#@J!?C"II!CEI>JAI>!#E!H>MI"J>!E\E\!YEH!E\DJZ!@9!#=>?>!"??"O?Q!1#!@?!ME??@BI>!#="#! ?AJ=!"!?O9#=>#@J!C@C@J!J"9!=>IM!?J@>9#@?#?!>IAJ@D"#>!#=>!C>J="9@?C!BO!K=@J=!BE#=!

PAGE 39

! `U E\DJ!"9D!E\E\!KEHV!#E!BH>"V!DEK9!E\"I"#>Q!4E C>!MHELH>??!E9!J"#"IO#@J!C@C@J?!="?! B>>9!C"D>Q 19!:TTcS!4J"HM>II@9@!>#!"IQ YUZ !?O9#=>?@R>D!#=H>>!I@L"9D?!"9D!JEEHD@9"#>D!#=>C! K@#=!C"9L"9>?>!Y11Z!@9!"9!"##>CM#!#E!CED>I!#=>!"J#@F>!?@#>?!EG!E\E\!"9D!E\DJQ!$=>! I@L"9D?!?=EK9!@9!6@LAH>!UQU_!"H>!V9EK9!"?!( $&;%S !US^Sa W #H@"R"JOJIE9E9"9> W W "J>#@J!"J@Dh!< @ *H : $&;%S!ME#"??@AC!US^ W D@@?EMHEMOI W US^Sa W !#H@"R"JOJIE9E9"9> W W "J>#"#>h!"9D!<8*o3S!ME#"??@AC!'S' W B@?Y`S_ W D@C>#=OIMOH"REIOI!C>#=OIZLIOJ@9"#>ZQ!%II! #=H>>!I@L"9D?!A#@I@R>!>@#=>H!"9!' ` -!DE9EH!?>#!EG!"#EC?!EH!MOH"REI>!GA 9J#@E9"I!LHEAM?! #E!C"#J=!#=>!G"J@"I!"HH"9L>C>9#?!EG!9@#HEL>9?!@9!#=>!"J#@F>!?@#>?!EG!E\E\!"9D!E\DJQ . D7*63(.494A j!$=>!#=H>>!I@L"9D?!A?>D!BO!4J"HM>II@9@!>#!"IQ!$" V>9!GHEC!4J"HM>II@9@!>#!"IQ YUZ W H"O!JHO?#"IIELH"M=O!?=EK>D!#="#!($&;%!"9D!<8*o3!H>?AI#>D! @9!MEIOC>H@J! J="@9?!EG!;9!Y11Z!JECMI>\>?!BH@DL>D!BO!#=>@H!J"HBE\OI"#>!M>9D"9#?!@9!"!?O9 W "9#@! M"##>H9Q!!$=>!<8*o3!JECMI>\!H>?AI#?!@9!"!I@L"9D!#="#!B@9D?!#=H>>!9@#HEL>9!"#EC?! C>H@DE9"IIO!#E!C"9L"9>?>!"9D!#=A?!@#!@?!9E#!"9!"JJ>M#"BI>!C@C@J!GEH!E\E\!EH!E\DJ! "J #@F>!?@#>Q!$=>!JECMI>\!EG!$&;% W !K@#=!;9Y11Z!Y6@LAH>!UQUbZ!H>?AI#?!@9!"!! JEEHD@9"#@E9!9ACB>H!EG!?>F>9Q!8>J"A?>!#=>!I@L"9D!I"JV?!?#>H@J!BAIV!@#?!J"HBE\OI"#>!

PAGE 40

! `: "HC?!K>H>!"BI>!#E!GEHC!BH@DL>?!B>#K>>9!C"9L"9>?>!J>9#>H?S!H>?AI#@9L!@9!#=>! GEHC"#@E9!EG!"!MEIOC>HQ! D7*63(.494BG !. W H"O!JHO?#"I!?#HAJ#AH>!?=EK@9L!#=H>>!A9@#?!EG!#=>!;9!$&;%!MEIOC>H! BH@DL>D!F@"!J"HBE\OI"#>!"HC?Q!1C"L>!#"V>9!GHEC!4J"HM>II@9@!>#!"IQ YUZ < @ *H : $&;%!JE9#"@9?!@?EMHEMOI!LHEAM?S!K=@J=!H>?#H@J#!"JJ>??!EG!"!?>JE9D! J"HBE\OI"#>!LHEAM!#E!JEEHD@9"#>! #E!# =>!C"9L"9>?>!"9D!H>?AI#?!@9!"!b W JEEHD@9"#>! ?#HAJ#A H>!K@#=!I"B@I>!K"#>H?!MH>?>9#! Y6@LAH>!UQUaZ Q !$=>!?#>H@J!BAIV!EG!#=>!@?EMHEMOI?! "IIEK?!GEH!C@C@JHO!EG!#=>!>9ROC>!"J#@F>!?@#>!K@#=!"!CE9E9AJI>"H!JECMI>\Q

PAGE 41

! `` D7*63(.494>G !. W H"O!JHO?#"I!?#HAJ#AH>!EG! @ *H : $&;%!JECMI>\>D!K@#=!;9Y11ZQ!1C"L>! #"V>9!GHEC!4J"HM>II@9@!>#!"IQ YUZ ! 4@9J>!$&;%!"9D!8*o3!H>?AI#!@9!MEIOC>H?!K=>9!JECMI>\>D!K@#=!C"9L"9>?>S! 3 *H : $&;%!MHEDAJ>?!#=>!B>?#!JEHHEBEH"#@F>!?#HAJ#AH"I!CED>I!EG!#=>!@99>H! JEEHD@9"#@E9!?M=>H>!EG!C"9L"9>?>!@9!E\E\!"9D! E\DJQ!! 3 *H : $&;%!GEHC?!"9!EJ#"=>DH"I! >9F@HE9C>9#!K@#=!:!I"B@I>!K"#>H?! 530 !#E!>"J=!E#=>H!"9D!JE9#"@9?!#=>!D>?@H>D!DE9EH! "#EC?Q!1#!"I?E!B@9D?!#=H>>!9@#HEL>9?!G"J@"IIO!#E!#=>!C"9L"9>?>Q!6@LAH>!UQUc!?=EK?!"! JECM"H@?E9!EG!#=>!JEEHD@9"#@E9!>9F@HE9C>9#!EG!;9Y11Z!@ 9!f;9 3 *H : $&;%ZY( : -Z : g'` "9D!#="#!GEA9D!@9!E\DJ!GHEC! /.(0&123*30. !%?!J"9!B>!?>>9!GHEC!#=>!G@LAH>S! 3 *H : $&;%! MHEDAJ>?!"!=@L=IO!"JJAH"#>!CED>I!EG!#=>!DE9EH!?>#!"#EC?!GEA9D!@9!#=>!"J#@F>!?@#>?!EG! E\DJ!"9D!E\E\Q

PAGE 42

! `^ D7*63(.494I j!&ECM"H@?E9!EG!JEEHD@9"#@E9!>9F@HE9 C>9#?!@9!E\DJ!"9D!#=>! ?#HAJ#AH"I!CED>IS!f;9 3 *H : $&;%ZY( : -Z : g'`Q! -9!#=>!I>G#!@?!#=>!CED>I!JECMI>\!"9D!E9! #=>!H@L=#!@?!#=>!"J#@F>!?@#>!EG!E\DJ!Y F#"'(/.(M&123*30 Z!EF>HI"@D!E9!#=>!?#HAJ#AH>!EG!#=>! CED>I!JECMI>\Q!1C"L>!#"V>9!GHEC!4J"HM>II@9@!>#!"IQ! YUZ 09GEH#A9"#>IOS!4J"HM>I@9@!>#!"IQ!K>H>!9E#!"BI>!#E!EB?>HF>!"9O!H>"J#@E9!EG! E\"I"#>!K@#=!f;9 3 *H : $&;%ZY( : -Z : g'`Q !*>H="M?!"!I@L"9D!K@#=!CEH>!?#>H@J!BAIV! "9DPEH!D@GG>H>9#!,!LHEAM?!E9!#=>!9@#HEL>9?!#="#!J"9!G@9> W #A9>!#=>!>I>J#HE9@J?!"#!#=>! C"9L"9>?>!J>9#>H!J"9! I>"D!#E!"!GA9J#@E9"I!CED>IQ 5$1?'&!%+?$() ( ;EF@9L!GEHK"HDS! #=>!LE"I!EG!#=@?!MHEi>J#!@?!#E!JH>"#>!"!?#HAJ#AH"I!"9D! GA9J#@E9"I!C@C@J!EG!E\E\!"9D!E\DJ!#="#!="?!#=>!JECME9>9#?!EG!#=>!E\E\!"9D!E\DJ! "J#@F>!?@#>?Q!$=>!JECME9>9#?!EG!E\E\!"9D!E\DJ!"J#@F>!?@#>?!#="# !CA?#!B>!C@C@J V>D! "H>j!UZ!"!CE9E9AJI>"H!;9!@E9S!:Z!E J#"=>DH"I!L>EC>#HOS!`Z!`!G"J@"IIO!J EEHD@9"#@9L! 9@#HEL>9!DE9EH?!^Z!@ 9JEHMEH"#@E9!EG!"9!"J>#"#>!"HC!"9D!_Z!:!?@#>?! 530 !#E!>"J=!E#=>H! GEH!?EIF>9#!CEI>JAI>?!#E!B@9D Q

PAGE 43

! `_ $=>!9EF>I!#"HL>#!I@L"9D!Y6@LAH>! UQUe%Z!@?!J"II>D!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9> W a W CE9E W "J>#"#>!Y89 : $&;%Z Q !!!!!!!!!!!!!!!!!! D7*63(.494NG !%Z!$=>!#"HL>#!I@L"9D!8Z!*HEME?>D!?#HAJ#AH>!EG!#=>!#"HL>#!I@L"9D! JECMI>\>D!K@#=!;9Y11ZQ!1C"L>?!#"V>9!GHEC!+H@99!8H@L="C[?!#=>?@?Q! Ya^Z $=@?!I@ L"9D!="? !#=>!M"H"C>#>H?!"??EJ@"#>D!K@#=!#=>!"J#@F>!?@#>!EG!E\"I"#>! E\@D"?>!"9D!E\"I"#>!D>J"HBE\OI"?>Q!19!"DD@#@E9S!#=>!B>9ROI!"HC?!EG!#=@?!I@L"9D!J"9!B>! G@9>!#A9>D!#E!@9JH>"?>!EH!D>JH>"?>!#=>!>I>J#H@J!ME#>9#@"I!EG!C"9L"9>?>!K@#=!#=>! "DD@#@E9!EG!>I>J#HE9!K@ #=DH"K@9L!LHEAM?!EH!>I>J#HE9!DE9"#@9L!LHEAM?!#E!#=>!EH#=ES! M"H"S!"9DPEH!C>#"!ME?@#@E9?!E9!#=>!M=>9OI!H@9L?Q! Ya Z! ;EH>EF>HS!@ #!C"O!B>!ME??@BI>!#E! "DD!=ODHEL>9!BE9D!DE9"#EH?!#E!C@C@J!#=>!"?M"H"L@9>!H>?@D A>?!MH>?>9#!@9!#=>!"J#@F>! ?@#>Q YaZ !! *H>F@EA?!?#AD>9#?!% I@!/@"9L!"9D!+H@9 9!8H@L="C!C"D>!LEED!MHELH>??!#EK"HD! ?O9#=>?@R@9L!#=>!I@L"9D!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9> W a W CE9E"J>#"#>Q!%I@! "9D!+H@99!KEHV>D!#EL>#=>H!#E!D>F>IEM!#=>!>\M>H@C>9#"I!HEA#>!#E!?O9#=>?@R>!#=>! I@L"9D!"9D!+H@99!K"?!"BI>!#E!#"V>!#=>!?O9#=>? @?!#E!@#?! "9#> M>9AI#@C"#>!?#>M W !#=>! GEHC"#@E9!EG!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9>Q!Y89 : $%&'ZS!#=EAL=!"!JECMI>#>IO! % 8

PAGE 44

! `b JI>"9!?"CMI>!EG!#=@?!MHEDAJ#!K"?!9E#!EB#"@9>DQ!$=>!GEIIEK@9L!M"L>?!EG!#=@?!#=>?@?! D>?JH@B>!CO!>GGEH#?!#EK"HD?!?O9#=>?@R@9L!#=@?!I@L"9DQ!

PAGE 45

! `a &="M#>H!: +\M>H@C>9#"I L($(31' %II!H>"L>9#?!K>H>!MAHJ="?>D!GHEC!>@#=>H!%JHE?!-HL"9@J?!EH!4@LC" W %IDH@J=Q! &=>C@J"I?!K>H>!9E#!DH@>DPMAH@G@>D!A9I>??!9E#>DQ!'>K!H>"L>9#?j!$(6S!'"(S!5;6S! M=>9EI!"9D!(8H!@9!``n!LI"J@"I!"J>#@J!"J@D!K>H>!MAHJ="?>D!GEH!#=@? !KEHVQ % II!E#=>H! H>"L>9#?!K>H>!"IH>"DO!"F"@I"BI>!"#!'>K!&EII>L>Q !%!8HAV>H!%&!:_T!;(R!?M>J#HEC>#>H! K"?!A?>D!#E!#"V>!J"HBE9!"9D!=ODHEL>9!';,?Q!;>I#@9L!ME@9#?!K>H>!#"V>9!E9!"! ;>I#>CM!11Q!%II!H>"J#@E9?!K>H>!HA9!A9D>H!9@#HEL>9!A9I>??!9E#>DQ!%!*+3!B"#=!K"?! A?>D!#E!=>"#! H>"J#@E9?!"#!"!?#>"DO!#>CM>H"#AH>Q!4EIF>9#?!K>H>!DH@>D!"?!GEIIEK?j! "J>#E9@#H@I>! K"?! D@?#@II>D!EF>H!J"IJ@AC!=ODH@D>h!#>#H"=ODHEGAH"9!K"?!D@?#@II>D!EF>H! ME#"??@AC!"9D!B>9REM=>9E9>Q!+\#H"J#@E9?!K@#=!J=IEHEGEHC!"9D!D@J=IEHEC>#="9>! K>H>!JECMI>#>D!NA@JVIO!@9!EHD >H!#E!"FE@D!H@9L!D>JECME?@#@E9Q! &ECCE9!H>"J#"9#?!"9D!#=>@H!"JHE9OC?j!D>#=OI>9>#H@"C@9>S!5+$%h!M W #EIA>9>?AIGE9OI!J=IEH@D>S!#E?OI!J=IEH@D>h!D@>#=OI>9>#H@"C@9>!#H@?#E?OI"#>S!5+$%#? ` h! >#=OI>9>!LIOJEIS!+3-h!>#=OI>9>!LIOJEI!B@?#E?OI"#>S!+3-#? : h! #>#H"=ODHEGAH"9S!$(6h! D@C>#=OIGEHC"C@D>S!5;6h!D@J=IEHEC>#="9>S!5&;h!US^Sa W #H@"REJOJIE9E9"9>! #H@?#E?OI"#>S!$%&'#? ` S!=ODHEBHEC@J!"J@DS!(8Hh!US^Sa W #H@"REJOJIE9"9>!(8H!?"I#S! $%&' :(8Hh!US^Sa W #H@"REJOJIE9E9"9>!CE9E#E?OIS!$%&'#?h!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E 9"9>!CE9E#E?OIS!89 : $%&'#?h!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9>! 89 : $%&'h!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9> W a W CE9E"J>#"#>S!89 : $&;%Q

PAGE 46

! `c HP$,0(-7. -9>!HEA#>!K"?!>\MIEH>D!GEH!#=>!MHEME?>D!I@L"9D!"9D!@?!?=EK9!B>IEK!@9! ?J=>C>!:QUQ!1#!K"?!J=E?>9!B>J"A?>!@#!K"?!#=>!CE?#!D>F>IEM>D!HEA#>!I"HL>IO!#="9V?!#E! MH>F@EA?!?#AD>9#?!@9!#=>!4=>HC"9!I"BQ!%?!J"9!B>!?>>9!GHEC!#=>!?J=>C>S!#=>!?O9#=>?@?! JE9?@?#?!EG!"!I@9>" H!c W ?#>M!MHEJ>??Q!! . HP$,0(-7-.%F.(,0P'($(.*'P"%'.Q7-,%-P'1,(.R;LS,: T R?%6,(.4T.H"0(+(.:94 j!,>"L>9#?j!Uj( : -P'"-(S!$?&IS!>#=>Hh!:j! ( : -P'"-(S!$?&IS!$(6h!`j!'"(S!5;6h!^j!(8H!@9!``n!LI"J@"I!"J>#@J! "J@DS!*=>9EIh!_j!8>9ROI!&=IEH@D>S!'" : &` S!%J>#E9@#H@I>h!bj! 4ED@ACP'"M#="I>9>S!$(6h!aj!1C"L>!#"V>9!GHEC!+H@99!8 H@L="C[?! #=>?@?! Ya^Z c

PAGE 47

! `e $=@?!H>"J#@E9!K"?!CED@G@>D!GHEC!MH>F@EA?!?#AD>9#?!@9!#=>!4=>HC"9!I"B!GHEC! ;J%AI>O!>#!"IQ Ya_Z !$=>!H>"J#@E9!K"?!"IIEK>D!#E!HA9!@9!EM>9!"#CE?M=>H>Q!1#!K"?!HA9! E9J>!E9!"!?C"II !?J"I>!"9D!#=H>>!CEH>!#@C>?!E9!"!I"HL>!?J"I>!L@F@9L!"!H"9L>!EG!O@>ID?! GHEC!`:n W _enQ!! /"HL>!?J"I>!H>"J#@E9j!19!"!U/!+HI>9C>O>H!GI"?VS!``QcL!EG!?ED@AC!=ODHE\@D>! Yc^_!CCEIS!^TQT!LPCEIZ!K"?!D@??EIF>D!@9!Uba!C/!EG!D>@E9@R>D!K"#>H!A?@9L!"! C>J="9@J"I!?#@HH>HQ! -9J>!#=>!?ED@AC!=ODHE\@D>!K"?!D@??EIF>DS!UbQ_!C/!EG!>#=OI>9>! LIOJEI!Y:eb!CCEIh!b:QTa!LPCEIh!UQUULPJC ` Z!K"?!"DD>D!#E!#=>!?EIA#@E9!?IEKIOQ!$=>! +HI>9C>O>H!GI"?V!K"?!MI"J>D!E9!@J>!"9D!#=>!C@\#AH>!K"?!?#@HH>D!K@#=!#=>!C>J="9@J"I! ?#@HH>HQ!0ME9!"DD@9L!#=>!>#=OI>9 >!LIOJEIS!#=>!?EIA#@E9!#AH9>D!F@?JEA?Q!19!"!?>M"H"#>! _TT!C/!+HI>9C>O>H!GI"?V!UT_Q:_L!EG!#EIA>9>?AIGE9OI!J=IEH@D>!Y#E?OI!J=IEH@D>S!_::! CCEIh!UeTQb^!LPCEIZ!K"?!D@??EIF>D!@9!:TT!C/!EG!?#@HH@9L! #>#H"=ODHEGAH"9 Q!$=>!#E?OI! J=IEH@D>!?EIA#@E9!K"?!"DD>D!#E!#=>!J=@I I>D!>#=OI>9>!LIOJEI!?EIA#@E9!DHEMK@?>!EF>H!`T! C@9A#>?Q!$=>!H>"J#@E9!K"?!V>M#!E9!@J>!@9!EHD>H!#E!MH>F>9#!=>"#!L>9>H"#@E9Q!$=>!@J>! K"?!H>MI"J>D!?>F>H"I!#@C>?!"9D!#=>!K=@#>!F@?JEA?!C@\#AH>!K"?!JEF>H>D!K@#=! M"H"G@IC!"9D!?#@HH>D!GEH!:^!=EAH?Q!$=>!9>\#!D"OS!#=>! C@\#AH>!JE9#"@9>D!"!JI>"H!I@NA@D! "9D!"!K=@#>!MH>J@M@#"#>Q!$=>!C@\#AH>!K"?!"DD>D!#E!_TT!C/!EG!?#@HH@9L!D>@E9@R>D! K"#>H!E9!@J>!"9D!#=@?!K"?!"IIEK>D!#E!?#@H!GEH!"#!I>"?#!`T!C@9A#>?Q!$=>!K=@#>!?EI@D!K"?! #=>9!G@I#>H>DQ!$=>!G@I#>H!J"V>!K"?!K"?=>D!K@#=!@J> W JEID!? EIF>9#?j!bT!C/!EG! UTTn! >#="9EIS!bT!C/!EG!TQU!;!?AIGAH@J!"J@DS!bT!C/!EG!D>@E9@R>D!K"#>HS!bT!C/!EG! UTTn! >#="9EI!"9D!G@9"IIO!bT!C/!EG! D@>#=OI! >#=>HQ!$=>!MHEDAJ#!K"?!"!K=@#>!?EI@DQ!$=>! H>"J#@E9!O@>ID>D!^eQc_` !LH"C? !YTQUac!CEIZ!EG!K=@#>!JHO?#"II@9>!?EI@D!K@#=!" !M>HJ>9#! O@>ID!EG!_enQ!%9!( W ';,!?M>J#HAC!K"?!#"V>9!>"J=!#@C>!#=@?!H>"J#@E9!K"?!JECMI>#>DS!

PAGE 48

! ^T "9D!>"J=!?=EK>D!"!JI>"9!MHEDAJ#Q!$=>!C>I#@9L!ME@9#!GEH!>#=OI>9>!LIOJEI!B@?#E?OI"#>! Y+3-#? :S !_abQbb!LPCEIZ!K"?!D>#>HC@9>D!#E!B>!U:aQ^ W U:eQb ¡ &Q! / @#>H"#AH>!F"IA> j !EG! U:b W U:a YabZ ( W ';,j!Y&5&I ` Z!aQa^!YDS!^(S!$?ZS!aQ`_!YDS!^(S!$?ZS!^QUc!Y?S!^(S!W &( : S!&( : -ZS! :Q^_!Y?S!b(S!$?&( ` Z!MMCQ U%,(-G ;"V>!?AH>!#E!K>@L=!EA#!#E?OI!J=IEH@D>!@9!#=>!=EED!"?!@#!GEHC?!(&I!K=>9!@#!L>#?!@9! JE9#"J#!K@#=!CAJEA?!C>CBH"9>?Q $(6!@?!"! H>"IIO!LEED! ?EIF>9#!"9D!J"9!D@??EIF> !#=@9L?!I@V>! ?EC>! MI"?#@J ?S !?E!A?>!LI"??! K=>9!="9DI@9L!$(6Q %DD@9L!#=>!#E?OI!J=IEH@D>!$(6!?EIA#@E9!#E!#=>!>#=OI>9>!LIOJEI!?EIA#@E9!DHEM!K@?>! KEHV?!B>?#Q &EF>H!#=>!H>"J#@E9!GI"?V!K@#=!M"H"G@IC!K=>9!#=>!?EIA#@E9!@?!I>G#!#E!?#@H!EF>H9@ L=#!"9D! V>>M!@#!E9!@J>!GEH!"?!IE9L!"?!ME??@BI>Q!$=>!H>"J#@E9!>\E#=>HC?!"G#>H!@#!="?!B>>9!?@##@9L! GEH!"9!=EAHS!K=@J=!J"9!J"A?>!#=>!$(6!#E!>F"MEH"#>Q H%'V($,.F3((.,%-P'1,7%$.%F.(,0P'($(.*'P"%'.Q7-,%-P'1,(.RW1X(+7.+(,0%)TG. $=@?!H>"J#@E9!K"?!CED@G@>D!GHEC !<"R>C@!>#!"IQ! YaaZ !"9D!K"?!HA9!E9J>!E9!"!UT W CCEI!?J"I>!K@#=!>#=OI>9>!LIOJEIQ!19!"!CEH#"HS!_QT_!L!EG!ME#"??@AC!J"HBE9"#>S!TQ_!C/!

PAGE 49

! ^U EG!>#=OI>9>!LIOJEIS!"9D!_Q`b!L!EG!#E?OI!J=IEH@D>!K"?!"DD>DQ!$=>!H>"J#"9#?!K>H>! LHEA9D!AM!GEH!"BEA#!"!C@9A#>!A?@9L!#=>!CEH#"H!"9 D!M>?# I> Q!$=>!H>"J#@E9!C@\#AH>!K"?! K=@#>!"9D!>\E#=>HC>D!AME9!LH@9D@9LQ!$=>9!>9EAL=!#>H# W BA#OI!"IJE=EI!K"?!"DD>D!#E! ?"#AH"#>!#=>!C@\#AH>Q!$=>9!"!C@JHEK"F>!Y@9!"!=EEDZ!K"?!A?>D!#E!=>"#!#=>!H>"J#@E9! C@\#AH>!GEH!`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acZ !$=>!H>"J#@E9!K"?!"IIEK>D!#E!HA9!@9 !#=> !EM>9!"#CE?M=>H>Q!$=@?! H>"J#@E9!K"?!HA9!E9J>!E9!"!I"HL>!?J"I>Q!*H>F@EA?!?#AD>9#!+H@99!8H@L="C!I>G#!?EC>!EG! #=@?!?#"H#@9L!C"#>H@"I!#E!A?>!"?!K>IIQ! %!: W 9>JV!:/!HEA9D!BE##EC!K"?!G@##>D!K@#=!"!C>J="9@J"I!?#@HH>H!"9D!"! MH>??AH>!>NA"I@R@9L!"DD@#@E9!GA99>IQ!19! "!?>M"H"#>!:_T!C/!+HI>9C>O>H!GI"?V!:eQUTT!L! EG!?ED@AC!=ODHE\@D>!Ya:c!CCEIZ!K"?!D@??EIF>D!@9!Ucc!C/!EG!D>@E9@R>D!K"#>HQ!-9J>! GAIIO!D@??EIF>D!#=@?!?EIA#@E9!K"?!"DD>D!#E!#=>!:!/!HEA9D!BE##ECQ!$=>9!:^!C/!EG! I@NA@D!D@>#=OI>9>#H@"C@9>!Y::`!CCEIS!UT`QUa!LPCEIS!TQ e_:!LPCIZ!K"?!"DD>D!#E!#=>!

PAGE 50

! ^: HEA9D!BE##EC!F>HO!?IEKIO!K@#=!?#@HH@9LQ!$=>!C@\#AH>!>\E#=>HC>D!"9D!"I?E!B>J"C>! F@?JEA?!AME9!5+$%!"DD@#@E9Q!19!"!?>M"H"#>!U/!+HI>9C>O>H!GI"?V!U``Q_ac!L!EG! #EIA>9>?AIGE9OI!J=IEH@D>!YaTU!CCEIZ!K"?!D@??EIF>D!@9!b:_!C/!D@>#=OI!>#=>HQ! $=>! #E?OI!J=IEH@D>!?EIA#@E9!K"?!"DD>D!#E!#=>!D@>#=OI>9>#H@"C@9>!?EIA#@E9 "#!HEEC! #>CM>H"#AH> !#=HEAL=!"9 "DD@#@E9!GA99>I!EF>H!^_!C@9A#>? Q!4EC>!?EI@D!GEHC>D!E9!#=>! "DD@#@E9!GA99>I!"9D!E9!#=>!?@D>?!EG!#=>!HEA9D!BE##ECQ!$=@?!K"?!H@9?>D!K@#=!?EC>! >#=>H!"9D !"DD> D!#E!#=>!H>"J#@E9!C@\#AH>Q !$=>!9>\#!CEH9@9L!#=>!?#@HH@9L!C@\#AH>! "MM>"H>D!C@IVO W K=@#>!"9D!="D!#KE!M="?>?S!E9>!"NA>EA?!"9D!E9>!EHL"9@J!I"O>H!#="#! JE9?@?#>D!EG!>#=>HQ!$=>!G@I#>H>D!K=@#>!?EI@D!K"?!"DD>D!#E!UQ_!/!EG!K"#>H!"9D!?#@HH>D! GEH!:^!=EAH?Q!$=>!9>\#!D"O !#=>!K=@#>!?EI@D!K"?!G@I#>H>D!GHEC!#=>!JI>"H!I@NA@DQ!$=>! JE##"L> W J=>>?> W I@V>!?EI@D!K"?!#=>9!K"?=>D! I@B>H"IIO! K@#=!@J> W JEID !UTTn !>#="9EI!"9D! >#=>H! ?>M"H"#>IO! "9D!MI"J>D!@9!"!D>?@JJ"#EHQ!$=@ ?!H>"J#@E9!O@>ID>D! aeQb^b!L!EG!K=@#>! JHO?#"II@9>!?EI@D!K@#=!"!M>HJ>9 #!O@>ID!EG!b`!nQ!+H@99!8H@L="C!I>G#!UTeQacUL!!EG! D@>#=OI>9>#H@"C@9>!#H@?#E?OI!Y5+$%#? ` !_b_Qa`!LPCEIZ!"9D!#=>!JECB@9>D!"CEA9#! "G#>H!DHO@9L!@9!F"JAE!K"?!UceQ^a:LQ!Y``^Qe:!CCEIZ!%9!( W ';,!K"?!#"V>9!"9D! ?=EK>D!JI>"9!MHEDAJ#Q!$=>!C>I#@9L!ME@9#!EG!5+$%#? ` !K"?!D># >HC@9>D!#E!B>!UaT W Ua:QU ¡ & j!/ @#>H"#AH> j! Ua` W Ua_ ¡ &Q YaeZ ( W ';,j!Y&5&I ` Z!aQa^!YDS!^(S$?ZS!aQb`!YDS!:(S!$?ZS!aQ`!YDS!s( W !EF>HI"M!K@#=! ?EIF>9#!M>"VS!$?ZS!_Q:!Y?S!U(S!$? W W (ZS!`QUa!YCS!c(S!'Y&( : Z : 'ZS!:Q^!Y?S!e(S!$?&( ` Z U%,(j ;"V>!?AH>!#E!"DD!#=>!5+$%!?IEKIO!#E!#=>!'"-(!K"#>H!?EIA#@E9!B>J"A?>!=>"#!@?! >FEIF>DQ!*>H="M?!MI"J@9L!@#!E9!@J>!C"O!=>IM!K@#=!#=>!=>"#!>FEIA#@E9Q!$=>!?EIA#@E9!

PAGE 51

! ^`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cTZ !$=@?!H>"J#@E9!K"?!HA9!A9D>H!9@#HEL>9Q!'>K!'"(!"9D!9>K!5;6! GH EC!%JHE?!EHL"9@J?!K>H>!A?>D!GEH!#=@?!H>"J#@E9!K=>9!@#!K"?!HA9Q!%!I"HL>!B>"9! ?="M>D!?#@H!B"H!K"?!A?>D!#E!?#@H!#=>!?EIA#@E9Q!%!*+3!B"#=!K"?!A?>D!#E!=>"#!#=>! H>"J#@E9Q!$=@?!H>"J#@E9!K"?!HA9!#=H>>!#@C>?!E9!"!a_ W CCEI!?J"I>!"9D!E9J>!E9!"!cc Qb! CCEI!?J"I>!"9D!O@>I D>D!ac W ea nQ! %!` W 9>JV!HEA9D!BE##EC!GI"?V!K"?!G@##>D!K@#=!"!JE9D>9?>HS!9@#HEL>9!@9I>#S! #=>HCEC>#>H!K@#=!"9!"D"M#EHS!"9D!"9!"DD@#@E9!GA99>IQ!%BEA#!bQ:ccL!EG!?ED@AC!

PAGE 52

! ^^ =ODH@D>!@9!bTn!C@9>H"I!E@I!YU_a!CCEIZ!K"?!D@??EIF>D!@9!^_T!C/!EG!'S!' W D@C>#=OIGEHC"C@D>!@9!"9 !+HI>9C>O>H!GI"?V!O@>ID@9L!"!K=@#>!JI>"H!?EIA#@E9Q!%G#>H!L"?! >FEIA#@E9!="D!J>"?>D !YL"?!>FEIA#@E9!@9D@J"#>?!K>#!5;6Z S!^:QbabL!EG!5+$%#? ` !Ya_! CCEIS!_b_Qab!LPCEIZ!K"?!"DD>D!#E!#=>!'"(P5;6!?EIA#@E9!?IEKIO!#E!"IIEK!GEH!"9O! L"?!>FEIA#@E9!#E!LE!#E!JECMI>#@E9Q!$=> !C@IVO!5+$% #? ` !C@\#AH>!K"?!#=>9!"DD>D!#E!#=>! #=H>>!9>JV!HEA9D!BE##ECQ!$=>!HEA9D!BE##EC!K"?!#=>9!MAHL>D!K@#=!9@#HEL>9!"9D! K"?!MI"J>D!@9#E!"!*+3!B"#=!#="#!="D!B>>9!"JJI@C"#@9L!#E!UTT ¡ &Q!$=>!5+$% #? ` ?EIA#@E9!K"?!=>"#>D!"#!#=@?!#>CM>H"#AH>!GEH!U_!C@9A#>?Q!2=>9 !#=>!?EIA#@E9!K"?! =>"#>D!@#!#AH9>D!GHEC!"!JH>"CO!K=@#>!#E!"!O>IIEK!LEID!JEIEHQ!!19!"!?>M"H"#>! +HI>9C>O>H!GI" ?VS!TQ:cU!L!EG!?ED@AC!=ODH@D>S !bTn !@9 !C@9>H"I!E@I!Ya!CCEIZ!K"?! D@??EIF>D!K@#=!?#@HH@9L!@9!tcT!C/!EG!5;6Q!-9J>!#=>!L"?!>FEIA#@E9!="D!J>"?>DS!:aQcTL! E G!+3-#? : !Ya_!CCEIS!`aTQ^^!LPCEIZ!K"?!"DD>D!#E!#=>!+HI>9C>O>H!?IEKIOQ!$=>! +3#? : !?EIA#@E9!K"?!"!I@L=#!M>"J=!JEIEHQ!2@#=!#=>!A?>!EG!"9!"DD@#@E9!GA99>I!#=>! +3#? : !?EIA#@E9!K"?!"DD>D!#E!#=>!#=H>>!9>JV!HEA9D!BE##EC!EF>H!U!=EAHQ!2=>9!#=>! "DD@#@E9!K"?!JECMI>#>DS! #=>!H>?AI#@9L!LEID>9!BHEK9!?EIA#@E9!K"?!"IIEK>D!#E!?#@H!"#! "MMHE\@C"#>IO!UTU ¡ &!GEH!Uc!=EAH?Q! $=>!H>"J#@E9!C@\#AH>!K"?!H>CEF>D!GHEC!#=>!*+3!B"#=!"9D!"IIEK>D!#E!JEEI!#E! ^T ¡ &!A9D>H!9@#HEL>9!"9D!K"?!#=>9!"DD>D!#E!UQ:!I@#>H?!EG!F@LEHEA?IO!?#@HH@9L! D>@E9@R>D!K" #>H!YC>J="9@J"I!?#@HH>H!K"?!A?>DZQ!%?!?EE9!"?!#=>!LEID>9!BHEK9! ?EIA#@E9!K"?!"DD>D!#E!K"#>HS!"!#"9!MH>J@M@#"#>!J"C>!EA#!EG!?EIA#@E9Q!$=>!C@\#AH>!K"?! "IIEK>D!#E!?#@H!GEH!:^!=EAH?Q!

PAGE 53

! ^_ $=>!9>\#!D"O!#=>!C@\#AH>!K"?!JEEI>D!E9!@J>!GEH!^_!C@9A#>?!"9D!#=>9!?#@HH>D! K@ #=!#=>!C>J="9@J"I!?#@HH>H!@9!EHD>H!#E!CEF>!#=>!?EI@D!#E!#=>!#EM!EG!#=>!C@\#AH>!#E! G"J@I@#"#>!#=>!G@I#H"#@E9!MHEJ>??Q!$=>!#"9!?EI@D!K"?!#=>9!G@I#>H>D!"9D!K"?=>D!K@#=! I@B>H"I!"CEA9#?!EG!@J> W JEID!K"#>HS!>#="9EI!"9D!>#=>H!"9D!K"?!MI"J>D!@9!"!D>?@JJ"#EHQ! $=>!#" 9!?EI@D!K"?!DH@>D!@9!F"JAE!O@>ID@9L!^`Q_eL!Ya`Qb:CCEI!Z!EG!#H@"REJOJIE9E9"9>! #H@?#E?OI!Y$%&'#? ` !_eUQab!LPCEIZQ!%9!';,!EG!#=>!MHEDAJ# ?=EK?!?EC>! JE9#"C@9"#@E9!K@#=!5;6S!"J>#E9>S!K"#>H!"9D!5+$%#? ` !Q!$=>!I"HL>!O@>ID!@?!DA>!#E!K>#! MHEDAJ# W !#=>!H>"J#@E9!#>9D>D! #E!O@>ID!K>#!MHEDAJ#!JE9?@?#>9#IOQ!$=>!C>I#@9L!ME@9#!EG! $%&'#? ` !K"?!D>#>HC@9>D!#E!B>!:UT W :UU ¡ &Q!0ME9!=>"#@9L!#=>!#"9!?EI@D!C>I#?!"9D! #AH9?!"9!EH"9L>!JEIEHQ ( W ';,j!Y&5&I ` Zj!aQc!YDS!uU(S!5+$%#? ` ZS!aQab!YDS!b(S!$?ZS!aQb!YDS!u(S!5+$%#? ` ZS! aQ`YDS!b(S$?ZS!`Q^! Y?S!U:(S!&( : [?!EG!#=>!H@9LZS!:Q^Y?S!e(S!$?&( ` !Z!1CMAH@#@>?j!cQT!Y?S!uU(! 5;6ZS!`Q:YCS!&( : !@9!5+$%#? ` ZS!`QTS!:QeYDS!5;6ZS!:Q:Y?S!A9V9EK9ZS!UQaY?S!:(S!( : -ZS! UQ`Y?S!"J>#E9>Z!TQe!YDS!A9V9EK9ZMMC U%,(-G ;"V>!?AH>!#E!=>"#!#=>!*+3!B"#=!B>GEH>!?>##@9L!AM!#=>!>\M>H @C>9#!?@9J>!@#!#"V>?!"! K=@I>!#E!L>#!#=>!B"#=!#E!#=>!D>?@H>D!#>CM>H"#AH>Q!%I?ES!@#!@?!K@?>!#E!A?>!"9!>\#>H 9"I #=>HCEC>#>H!#E!C>"?AH>!#=>!#>CM>H"#AH>!EG!#=>!B"#=!"9D!"9!@9#>H 9"I !#=>HCEC>#>H! #E!C>"?AH>!#=>! #>CM>H"#AH> !EG!#=>!H>"J#@E9Q!$=>!>\#>H9"I!#>CM>H"#AH> !#>9D?!#E!B>! UT!D>LH>>?!=@L=>H!#="9!#=>!@9#>H 9"I !#>CM>H"#AH>Q!

PAGE 54

! ^b 0?>!"!GEE#B"II!?="M>D!?#@H!B"H!GEH!HEA9D!BE##EC!GI"?V?!"9D!JOI@9DH@J"I!?#@H!B"H?!GEH! +HI>9C>O>H!GI"?V?!EH!B>"V>H?Q! 2=>9!#=>!'"(!@?!"DD>D!#E!#=>!5;6!C"V>!?AH>!#="#!#=>!?EIA#@E9!@?!?#@HH@9L!#E! G "J@I@#"#>!L"?!>FEIA#@E9Q!3"?!>FEIA#@E9!K"?!C@9@C"I! W M>H="M?!#=>!5;6!K"?!H>I"#@F>IO! DHO!?@9J>!@#!K"?!iA?#!EM>9>DQ $=>!'"(!?=EAID!B>!"!LH"O!M"?#>!"9D!?=EAID!B>!?#EH>D!@9!"!JIE?>D!J"9!#E!MH>?>HF>!@#Q! '"(!@?!"9!>\#H>C>IO!?#HE9L!B"?>!"9D!@#!H>"J#?!F@LEHEA?IO!K= >9!@#!JEC>?!@9!JE9#"J#! K@#=!K"#>HQ! 2=>9!#=>!TQb!L!EG!'"(!K"?!"DD>D!#E!#=>!_T!C/!EG!5;6!#=>H>!K"?!"!IE#!EG!?EI@D!'"(! "9D!+3-#? : !MH>?>9#Q!19!EHD>H!#E!G"J@I@#"#>!"DD@9L!#=>!?EIA#@E9!DHEMK@?>!#E!#=>!5+$%! ?EIA#@E9S!"9!>\J>??!EG!5;6!K"?!"DD>D!#E!D@??EIF>!#=>!?E I@DQ!-9J>!"II!#=>!?EI@D!K"?! D@??EIF>D!#=>!?EIA#@E9!#AH9>D!"!I@L=#!M>"J=Q!%DiA?#@9L!#=>!H"#@E!EG!'"(!#E!5;6!@9!#=>! GA#AH>!JEAID!O@>ID!B>##>H!H>?AI#?Q %DD@9L!#=>!M>"J=!+3-#? : P'"(P5;6!?EIA#@E9!DHEMK@?>!EF>H!:!=EAH?!MHEF>D!#E!B>! D@GG@JAI#!?@9J>!#=>H>!K"?!?#@II !"!B@#!EG!?EI@D!I>G#!#="#!KEAID!BIEJV!#=>!"DD@#@E9!GA99>IQ! $=>!H>"J#@E9!K"?!=>"#>D!"#!UTU ¡ &!GEH!#=>!Uc W =EAH!M>H@EDS!K=@J=!@?!E9!#=>!IEK>H!>9D! EG!#=>!D>?@H>D!#>CM>H"#AH>!H"9L>!EG!UTT!#E!UU_ ¡ &Q!*>H="M?!I>##@9L!#=>!H>"J#@E9!HA9! IE9L>H!#="9!Uc!=EAH?!JEAID!=>I M!@9JH>"?>!#=>!O@>IDQ %G#>H!#=>!Uc W =EAH!M>H@ED!K=>9!#=>!?EIA#@E9!@?!"DD>D!#E!F@LEHEA?IO!?#@HH@9L!K"#>HS!@#! ?=EAID!B>!"DD>D!F>HO!?IEKIO!?@9J>!#=>!#"9!MH>J@M@#"#>!GEHC?!>\#H>C>IO!NA@JVIOQ!1#! JEAID!B>!"DD>D!#E!"!B@#!CEH>!K"#>HQ!1#!"I?E!>\E#=>HC>D!"!#"D!?E!MA# #@9L!@#!E9!@J>!C"O! B>!K@?>Q

PAGE 55

! ^a HP$,0(-7-.%F.Y371X%"P'%$%$1$(.\%$%,%-P'.RY!/U,-T $=@?!MHEJ>DAH>!K"?!"D"M#>D!GHEC!MH>F@EA?!?#AD>9#?S!EH@L@9"IIO!GHEC!4>??I>H! >#!"IQ YcUZ !$=@?!?O9#=>?@?!K"?!H>M>"#>D!G@F>!#@C>?!E9!"!^^ W a_ W CCEI!?J"I>!"9D!O@>ID?! ^T W cTnQ!1CMAH>!$%& '#? ` !YJE9#"C@9"#>D!K@#=!5;6S!5+$%#?S!"J>#E9>!"9D!K"#>HZ! GHEC!#=>!MH>F@EA?!?#>M!K"?!A?>DQ! %! 4 J=I>9V!I@9>!K"?!>NA@MM>D!K@#=!"9!"J@D!#H"M!? =EK9!B>IEK!@9!6@LAH>!:QUh #AB@9L!K"?!"##"J=>D!#E!#=>!>\@#!EG!#=>!BABBI>H!K@#=!"!LI"??!GA99>I!"##"J=>D!"#!#=>! E#=>H!>9DQ !$=>!GA99>I!K"?!MI"J>D!EF>H!"!B>"V>H!G@II>D!K@#=!K"#>HQ!$=>!GA99>I!K"? M"H"G@IC>D!#E!#=>!B>"V>H!@9!EHD>H!#E!JH>"#>!"9!"J@D!#H"MQ! D7*63(.:94G !4=EK?!#=>!"J@D!#H"M!"MM"H"#A?Q!1C"L>!#"V>9!GHEC!+H@99! 8H@L="C[?!#=>?@?! Ya^Z

PAGE 56

! ^c %!K"#>H!JE9D>9?>H!"9D!#=>HCEC>#>H! K>H>!"##"J=>D!#E!"!U/!#=H>>!9>JV!HEA9D! BE##EC!GI"?VQ! $=>9 !:bQ:`!L!Y^_CCEIZ!EG!$%&'#? ` !K"?!"DD>D!#E!#=>!HEA9D!BE##EC! "9D! K"?!MI"J>D! A9D>H!9@#HEL>9Q! $=>9! `:Q`UL!EG!DHO!M=>9EI!Y``:Qc_!CCEIP! e^QUULPCEIZ!K"?!"DD>D!#E!#=>!HEA9D!BE##ECQ 8>GEH>!"DD@9L!=ODHEL>9! BHEC@D>S!#=>!K"#>H!JE9D>9?>H!K"?!"##"J=>D!#E!"9!@J>! B"#=!A?@9L!"!K"#>H!MACM!"9D!"!4#OHEGE"C!JEEI>HQ!$=>9!_TT!C/!EG!(8H!@9!``n!LI"J@"I! "J>#@J!"J@D!K"?!"DD>D!#E!#=>!HEA9D!BE##ECQ!$=>!H>"J#@E9!K"?!GIA?=>D!K@#=!9@#H EL>9 Q! $=>!H>"J#@E9!K"?!=>"#>D!#E!eT ¡ &! "9D!?#@ HH>DQ!$=>!H>"J#@E9!C@\#AH>!#AH9>D!"!BHEK9! JH>"CO!JEIEHQ!$=>!H>"J#@E9!K"?!I>G#!#E!?#@H!GEH!`b!=EAH?!"#!eT W e_! ¡ &!"9D!#=>!@J>!B"#=! K"?!H>L>9>H"#>D!>F>HO!c!=EAH?Q!$=>!BHEK9!JH>"CO!JEIEH>D!C@\#AH>!K"?!G@I#>H>D!"9D! #=>!?EI@D!K"?!K"?=>D!K@#=!>#=>HQ!$=>!H>"J#@E9!# >9D>D!#E!O@>ID!"!#"9!#E!JH>"CO! JEIEH>D!JHO?#"II@9>!?EI@DQ!$=@?!@?!#=>!$%&'#?!@9!@#?!?"I#!GEHC!Y$%&'#? :(8HS! ^^_Q:ULPCEI ZQ %BEA#!:!LH"C?!EG!#=>!?"I#!K"?!D@??EIF>D!@9!`T!C/!EG!U;!?ED@AC!=ODHE\@D>S! K=@J=!#AH9>D!#=>!?EIA#@E9!M@9VQ!$=>!M(!EG!#=>!?EIA#@E9!?=EA ID!B>!LH>"#>H!#="9!U:Q! $=>!M(!K"?!#>?#>D!K@#=!"!M(!?#H@MQ!$=>9!#=>!M@9V!?EIA#@E9!K"?! NA@JVIO! >\#H"J#>D! K@#=!J=IEHEGEHC!c\U:C/Q!%II!#=>!EHL"9@J!M="?>?!Y#=>O!K>H>!JI>"HZ!GHEC!#=>! >\#H"J#@E9?!K>H>!JECB@9>D!"9D!DH@>D!EF>H!C"L9>?@AC!?AIG"#>!GEH!`T!C@9A#>?Q!$=>! C@\#AH>!K"?!G@I#>H>D!K@#=!"!8AJ=9>H!GA99>I!"9D!#=>!G@I#H"#>!K"?!HE# "HO!>F"MEH"#>D Q! )@>IDj!UQTe:L!YcbnZ!EG!JI>"H!JEIEHI>??!E@I!Y$%&'#?S!:c`QTaLPCEIZQ!

PAGE 57

! ^e ( W ';,j!Y&5&I ` Zj!aQaYDS!:(S!$?ZS!aQ`YDS!:(S$?ZS!`Q` W `QUYCS!c(S!$?'&( : &( : 'ZS! :QcY?S!^(S! &( : '(ZS!:Q^Y?S!`(S!$ ? W &( ` ZS!UQaY?S!:(S!( : -ZMMC 'E#>?j 2=>9!?>##@9L!#=>!H>"J#@E9!AM!@#!@?!>"?@>?#!#E!?>#!AM!#=>!K"#>H!MACM!G@H?#S!#=>!K"#>H! MACM!GHEC!#=>!HE# "HO!>F"MEH"#EH !K"?!A?>DQ!$=>!JEEI>H!G@H?#!9>>D?!#E!B>!G@II>D!K@#=!"! J>H#"@9!"CEA9#!EG!K"#>HS!>9EAL=!#E!JEF>H!#=>!MACMQ! $=>!=E?>!GHEC!#=>!MACM!@?! "##"J=>D!#E!#=>!JE9D>9?>H!"9D!#=>9!#=>!>\@#!=E?>!@?!MI"J>D!"9D!K>@L=#>D!@9!#=>!K"#>H! B"#=!?E!#="#!#=>!K"#>H!B"#=!J"9!JE9#@9AEA?IO!B>!H>L>9>H"#>DQ! $=>!*+3!B"#=!9>>D?!#@C>!#E!=>"#!AM!#E!#=>!D>?@H>D!#>CM>H"#AH>Q! %!JEEI>H!@?!9>>D>D! ?E!#="#!H>MI"J@9L!#=>!@J>!@?!9E#!#>D@EA?Q! 2=>9!@9@#@"IIO!=>"#@9L!#=@?!H>"J#@E9!C"V>!?AH>!@#!@?!HA9!A9D>H!9@#HEL>9!"9D!#="#!#=>! "J@D!#H"M!@?!?>#!AM!MHEM>HIOQ!$=@?!H>"J#@E9!J"A?>?!"!IE#!EG!BABBI@9L!@9!#=>!9@#HEL>9! #H"M!?E!C"V>!?AH>!#="#!#=>!9@#HEL>9!@?!E9!@ #?!IEK>?#!?>##@9L!B>GEH>!#=>!H>"J#@E9!@?! ?#"H#>D!?E!#="#!#=>!9@#HEL>9!DE>?9[#!HA9!EA#!B>J"A?>!@#!@?!GIEK@9L!#EE!NA@JVIOQ (8H!L"?>?!GEHC!@9!#=>!=EED!"9D!"II!EF>H!>F>HO#=@9L!@9!#=>!=EEDS!?E!@G!"9O!LI"?? K"H> @?!I>G#!@9!#=>!=EED!C"V>!?AH>!#E!H@9?>!@#!K@#=!2%$+ ,!B>GEH>!@#!@?!#"V>9!EA#!EG!#=>! =EEDQ!(8H!@?!"9!@HH@#"9#!"9D!"!M>HC>"#EHQ!1#!@?!"I?E!=>IMGAI!#E!9>A#H"I@R>!@#!K@#=! ?ED@AC!B@J"HBE9"#>Q 2=>9!JI>"9@9L!"9O!D@?=K"H>!A?>D!@9!#=@?!H>"J#@E9S!C"V>!?AH>!#E!H@9?>!@#!K@#=!K"#>H! B>GEH>!"J>#E9>!@9!#=>!=EEDQ $=>!M=>9EI !@?!K="#!#AH9?!#=>!#AB@9L!MAHMI>!DA>!#E!>\ME?AH>!#E!=>"#!"9D!I@L=#!EF>H! #@C>Q!

PAGE 58

! _T ;"V>!?AH>!9E#!#E!V>>M!#=>!$%&'#?!@9!#=>!J=IEHEGEHC!GEH!#EE!IE9LS!?@9J>!#=>!H@9L!@?! A9?#"BI>!@9!J=IEH@9"#>D!?EIF>9#?Q!4E!DE!#=>!?>JE9D!M"H#!EG!#=@?!MH>M!H@L=#!B>GEH>!#=>! 9>\#!?#> M!Y"DD@9L!#=>!B>9ROI!"HC?ZQ!%I?E!K=>9!A?@9L!#=>!HE# "HO!>F"MEH"#EH S!C"V>! ?AH>!#E!"FE@D!A?@9L!=>"#Q HP$,0(-7-.%F.4ZC [ @7Q($XP' [ > [ +%$%,%-P'. [ 4ZCZ> [ Y371X%"P"'%$%$1$(.RK$ : Y!/U,-T $=@?!MHEJ>DAH>!K"?!"D"M#>D!GHEC!%I@!/@"9L[?!#=>?@?S!K=@J=!K"?!=>"F@IO! CED@G@>D!GHEC!;"="M"#H"!>#!"IQ Yc:Z !$=@?!H>"J#@E9!K"?!HA9!E9!"!`Qc_c!CCEI!?J"I>!E9J>! "9D!"!:Qcb!CCEI!?J"I>!E9J>Q!! %!?C"II!_TC/!?@9LI>!9>JV!HEA9D!BE##EC!GI"?V!>NA@MM>D!K@#=!"!?#@H!B"HS!K"#>H! JE9D>9?>HS!"9D!"!9@#HEL>9!@9I>#!K"?!J="HL>D!K@#=!TQc`UL!EG!GH>?=IO !C"D>!$%&'#?! Y:Qcb!CCEIS!:c`Q`b!LPCEIZQ!$=>9!UT!C/!EG!"J>#E9@#H@I>!D@?#@II>D!GHEC!J"IJ@AC! =ODH@D>!K"?!"DD>D!#E!#=>!HEA9D!BE##EC!GEIIEK>D!BO!:Q^bL!EG!"9=ODHEA?!?ED@AC! J"HBE9"#>!Y::Qce!CCEIS!UT_Qea!LPCEIZQ!$=>!H>"J#@E9!GI"?V!K"?!"IIEK>D!#E!=>"#!#E!bT!

PAGE 59

! _U D>LH>>? !Y>\#>H9"I!#>CM>H"#AH>Z!GEH!:_!C@9A#>?Q!$=>9!TQbe!C/!EG! v W J=IEHE#EIA>9>! Y B>9ROI!J=IEH@D>S!bQTTb!CCEIS!U:bQ_c!LPCEIZ!K"?!"DD>D!DHEMK@?>!#E!#=>!HEA9D! BE##ECQ!$=>!H>" J#@E9!K"? !"IIEK>D!#E! =>"# !A9D>H !9@#HEL>9!GEH!Uc W Ue!=EAH?!"#!bT W b`! ¡ &! >\#>H9"I!#>CM>H"#AH>Q!0? A"IIO!#=>!>\#>H9"I!#>CM>H"#AH>!@?!UT!D>LH>>?!=@L=>H!#="9! #=>!@9#>H9"I!#>CM>H"#AH>!?E!#=>!H>"J#@E9!K"?!"J#A"IIO!=>"#>D!B>#K>>9!_T W _`! ¡ & Q! %G#>H!Uc W Ue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e_!CCEIZ!EG!D@B>9ROI!#H@"REJOJIE9E9"9>! CE9E#E?OI!Y89 : $%&'#?!``_Qbb!LPCEIZ!L@F@9L!"!M>HJ>9#!O@>ID!E G!``nQ!%9!(!';,!K"?! #"V>9!"9D!?=EK>D!JI>"9!MHEDAJ#Q!$=>!C>I#@9L!ME@9#!K"?!UT:Qb W UT`Q_! ¡ &Q ( W ';,j!Y&5&I ` Zj!aQbbYDS!:(S!$?ZS!aQ:a W aQ`UYCS!U:(S!$? W *=ZS!`QbcY?S!^(S!'&( : W *=ZS!`Q::Y#S!^(S!$?'&( : &( : 'ZS!`QTc!Y?S!^(S!$?' &( : &( : 'ZS!:QaUY?S!`(S!$?&( ` ZS!:QT_Y?S! "J>#E9 >ZS!UQbY?S!:(S!( : -Z 'E#>?j $=>!*+3!B"#=!?=EAID!B>!J"I@BH"#>D!#E!H>"J=!bT W b_ ¡ &!!B>GEH>!?#"H#@9L!#=>!H>"J#@E9Q

PAGE 60

! _: $=>!"J>#E9@#H@I>!?=EAID!B>!DH@>DS!?E!#=>!"J>#E9@#H@I>!?#@II!YK@#=!J"IJ@AC!=ODH@D>Z! ?=EAID!B>!A?>DQ!1G!#=>!?#@II!@?!9E#!KEHV@9L!"J>#E9@#H@I>!J"9!B>!DH@>D!EF>H!C"L9>?@AC! ?AIG"#>Q! HP$,0(-7-.%F.4ZC [ @7Q($XP' [ 4ZCZ> [ Y371X%"P"'%$%$1$(.RK$ : Y!/UT $=@?!?O9#=>?@?!K"?!"D"M#>D!GHEC!%IE9?E!"9D!%9D>H??E9[?! Yc`Z !L>9>H"I! MHEJ>DAH>!GEH!D>MHE#>J#@9L!?AIGE9OI!!"R@H@D@9>?!BO!+H@99!8H@L="CQ Ya^Z !8>GEH>!?#"H#@9L! #=@?!H>"J#@E9S!9@#HEL>9!K"?!"IIEK>D!#E!GIEK!#=HEAL=!#=>!9@#HEL>9!I@9>!@9!EHD>H!#E! H>CEF>!"?!CAJ=!E\OL> 9!"9D!K"#>H!GHEC!#=>!I@9>!"9D!#AB@9L!"?!ME??@BI>Q!%!UTT!C/! 4 J=I>9V!GI"?V!K"?!DH@>D!@9!#=>!EF>9!GEH!:!=EAH?!"9D!K"?!#=>9!GI"C>!DH@>D!"9D! "IIEK>D!#E!JEEI!K@#=!9@#HEL>9!HA99@9L!#=HEAL=!@#?!"HCQ!$=>!JEEI>D! 4 J=I>9V!GI"?V! Y>NA@MM>D!K@#=!"!?#@H!B"HZ!K"?!MAHL>D!K@ #=!9@#HEL> 9! BO!?>"I@9L!#=>!#EM!EG!@#!K@#=!"! ?>M#ACQ!$=>!?>M#AC!K"?!M@>HJ>D!K@#=!"!9 >>DI>!@9!EHD>H!#E!I>#!"@H !EA#Q!$=>9!:Tc!CL! 9"M=#="I>9>!YUQb:!CCEIZ!K"?!"DD>D!#E!#=>!GI"?V!"9D!K"?!MAHL>D!A9D>H!9@#HEL>9!GEH! UT!C@9A#>?Q!$=>!9>>DI>!K"?!H>CEF>D!GHEC!#=>!?>M#A C S !"9D!#=>! 4 J=I>9V !GI"?V!"HC! K"?!JIE?>D!EGG!@9!EHD>H!#E!V>>M!#=>!JE9#>9#?!A9D>H!9@#HEL>9Q!$=>9!^!C/!EG!GH>?=IO! D@?#@II>D!$(6!K"?!"DD>D!NA@JVIO!#E!#=>! 4 J=I>9V!GI"?VQ!$=>!GI"?V!K"?!#=>9!GIA?=>D!K@#=! 9@#HEL>9!GEH!UT!C@9A#>?Q!$=>9!``!CL!EG!GH>?=IO!JA#!?ED@AC!C >#"I!YUQ^^!CCEIZ!K"?!

PAGE 61

! _` "DD>D!#E!#=>!GI"?V!K=@I>!C"@9#"@9@9L!"!=@L=!9@#HEL>9!GIEKQ!$=>!H>"J#@E9!F>??>I!K"?! #=>9!?>"I>D!"9D!MAHL>D!K@#=!9@#HEL>9!GAH#=>HQ!$=>!?ED@AC!K"?!"IIEK>D!#E!D@??EIF>! @9!#=>!$(6!?EIA#@E9!"#!HEEC!#>CM>H"#AH>!GEH!`!=EAH?Q!$=>!?EIA#@E9!#AH9> D!D"HV! LH>>9S!@9D@J"#@9L!#=>!MH>?>9J>!EG!#=>!H"D@J"I!"9@E9S! ?ED@AC! 9"M=#="I>9@D>Q! $=>H>! "I?E!#>9D>D!#E!B>!"!BHEK9!G@IC!"HEA9D!#=>!>DL>?!#="#!#EAJ=>D!#=>!LI"??!EG!#=>!,86Q! $=>! LH>>9! ?EIA#@E9!K"?!#=>9!JEEI>D!#E! W ac! w &!A?@9L!"!DHO!@J>P"J>#E9>!B"#=Q!-9J>!#=>! ? EIA#@E9!K"?!JEEI>DS!`a!CL!EG!89:$%&'#?!YTQU:e!CCEIZ!K"?!D@??EIF>D!@9!U!C/!!Y@9! "9!EF>9!DH@>DP!GI"C>!DH@>D! 4 J=I>9V!GI"?VZ!EG!GH>?=IO!D@?#@II>D!$(6 !"9D !K"?!"DD>D! DHEM!K@?>!#=HEAL=!#=>!?>M#AC!A?@9L!"!L"?!#@L=#!?OH@9L>!>NA@MM>D!K@#=!"!IA>H!IEJV! 9>>DI>Q!$=>!?EI A#@E9!K"?!"IIEK>D!#E!?#@H!GEH!^_!C@9A#>?!"#! W ac!&Q! 0ME9!JEEI@9L!#=>! LH>>9!?EIA#@E9!#=>! C@\#AH> !H>C"@9>D!LH>>9!BEA#!KEAID!"MM>"H!"?!"!D"HV!BHEK9Q $=>9!#=>! LH>>9! H>"J#@E9!C@\#AH>!K"?!"DD>D! ?IEKIO!#E!UT!C/!EG!`;!'"&I!@9!"! HEA9D!BE##EC!GI"?VQ!0ME9!"DD@#@E9!#E! #=>!BH@9>!#=>!LH>>9!?EIA#@E9!IE?#!@#?!D"HV!LH>>9! JEIEHQ!$=>!GI"?V!K"?!#=>9!HE#F"MM>D!#E!H>CEF>!#=>!$(6!GHEC!#=>!?EIA#@E9Q!$=>! H>C"@9@9L!I@NA@D!K"?!#=>9!"DD>D!#E!"!?>MH"#EHO!GA99>IQ! $=>!"NA>EA?!I"O>H!K"?!#=>9! "J@D@G@>D!#E!M(!U!A?@9L!JE9J>9#H"#>D!(&I!"9D!K"? !>\#H"J#>D!K@#=!D@J=IEHEC>#="9>! Y5&;Z!`\UT!C/!@9!EHD>H!#E!H>CEF>!#=>!9"M=#="I>9>Q!$=>! 89 : $%&'! ?=EAID!B>!@9!#=>! "NA>EA?!I"O>H!?@9J>!@#!@?!MHE#E9"#>DQ!$=>!5&;!9"M=#="I>9>!I"O>H!K"?!H>CEF>DQ!$=>! "NA>EA?!I"O>H!K"?!#=>9!B"?@G@>D!#E!M(!U`!A?@9L!^Tn!'"-(!"9D!K"?! >\#H"J#>D!K@#=! 5&;!`\UT!C/!"9D!>#=OI!"J>#"#>!:\UT!C/Q!0ME9!B"?@GO@9L!#=>! 89 : $%&'! ?=EAID!CEF>! #E!#=>!EHL"9@J!M="?>Q!$=>!EHL"9@J!M="?>?!K>H>!#=>9!JECB@9>D!"9D!HE# "HO! >F"MEH"#>D Q!$=>!H>"J#@E9!O@>ID>D! "!?I@L=#IO! O>IIEK!EH"9L>!E@IQ!$=>!E@I!="D!?EIF>9#?!@9! @#S!" J>#E9>S!>#=OI!"J>#"#>!"9D!D@J=IEHEC>#="9>Q!$E!H>CEF>!#=>?>!?EIF>9#?!#=>!

PAGE 62

! _^ MHEDAJ#!K"?!MACM>D!@9!F"JAEQ 19!EHD>H!#E!EB#"@9!"!CEH>!MAH>!MHEDAJ#S!#=>!E@I!J"9!B>! H>JHO?#"II@R>D!@9!"J>#E9>!#E!O@>ID!"!?EI@DQ!$=>!H>"J#@E9!O@>ID>D!TQTTcL!EG!JI>"H! JHO?#"I?!K@#=!"!M>H J>9#!O@>ID!EG!:UnQ ( W ';,j!Y@9!&5 &I ` Zj!aQ``!YCS!UT(S!' W &( : W *= !ZS!`Qb!Y?S!^(S!' W &( : W *=ZS!:Qe!Y#S!^(S! W &( : W &( : W 'ZS!:Qa!Y#S!^(S!' W &( : W &( : W 'ZS!:Q^!Y?S!^(S!' W &( : W &( : W 'Z!M MC!1CMAH@#@>?j! aQb!"9D!aQaQ`!Y 9"M=#="I>9>ZS!_Q:_!Y?S!5&;ZS!^Q::S!UQUaYNS!#!>#=OI!"J>#"#>Z! `Qb^S!UQab! YCS!$(6ZS!: ST_!Y?S!"J>#E9>ZS!TQ_!Y? S!LH>"?>Z & W ';,j!Y@9!&5&I ` Zj !U`_!Y@M?E W *=ZS!U:eQ^YEH#=E W !*=ZS!U:eQT_YC>#" W *=ZS! U:cQ:YM"H" W *=ZS!bUQUcY&( : *=ZS!_TQ_:Y89'&( : &( : '(ZS!^aQ`_Y89'&( : &( : '89ZS!^_! Y89'&( : &( : '(Z!MMC 'E#>?j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

PAGE 63

! __ 2=>9!"J@D@GO@9L!#=>!H>"J#@E9!C@\#AH>!@9!#=>!BH@9>!A?>!JE9J>9#H"#>D!(&I! #E! !V>>M!#=>! "NA>EA?!I"O>H!"?!?C"II!"?!ME??@BI> '"M=#="I>9>!@?!@9!>\J>??!?E!>\#H"J#@9L!K@#=!5&; !YEH!#EIA>9>Z !CEH>!#="9!`\UTC/! JEAID!=>IM!H>CEF>!@ # !JECMI>#>IOQ! 2=>9!J=>JV@9L!#=>!M(!EG!#=>!H>"J#@E9!C@\#AH>S!C"V>!?AH>!#E!A?>!"!M@M>##>!"9D! M@M>##>!"!?"CMI>!E9#E!#=>!M(!M"M>H $=>!>#=OI!"J>#"#>!>\#H"J#@E9!C"O!9E#!B>! 9>J>??"HO Q

PAGE 64

! _b &="M#>H!` ,>?AI#?!"9D!5@?JA??@E9 6@LAH>!`QU!?=EK?!#=>!ME#>9#@"I! >\M>H@C>9#"I!HEA#>!GEH!JH>"#@9L!#=>!9EF>I! I@L"9D!US^!D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9> W a W CE9E"J>#"#>Q!Y89 : $&;%ZQ!$=>!HEA#>! JE9?@?#?!EG!c!?#>M?S!CEH>!?#>M?!#="9!D>?@H"BI>!GEH!"J=@>F@9L!=@L=!O@>ID?!EG!#=>! MHEDAJ#Q!'E9>#=>I>??S!?#>M?!U W _!="F>!"II!B>>9!J"HH@>D! EA#!?AJJ>??GAIIO!C"9O!#@C>?!BO! CAI#@MI>!C>CB>H?!EG!#=>!4=>HC"9!I"BQ!! H"0(+(.=94G !Y?"C>!"?!?J=>C>!:QUZS!*E#>9#@"I!>\M>H@C>9#"I!HEA#>!#E!JH>"#>! 89 : $&;% Q!$=>!HEA#>!JE9?@?#?!EG!c !?#>M?!"9D!#=>!H>"L>9#?!GEH!#=>!?#>M?!"H>!"?!GEIIEK?j! Uj( : -P'"-(S!$?&IS!># =>Hh!:j!( : -P'"-(S!$?&IS!$(6h!`j!'"(S!5;6h!^j!(8H!@9!``n! LI"J@"I!"J>#@J!"J@DS!*=>9EIh!_j!8>9ROI!&=IEH@D>S!'" : &` S!%J>#E9@#H@I>h!bj! c

PAGE 65

! _a 4ED@ACP'"M#="I>9>S!$(6S!"J@D!B"?>!>\#H"J#@E9!"9D!>\#H"J#! K@#=!5&;!"9D!>#=OI! "J>#"#>h !1C"L>!CED@G@>D!GHEC!+H@99!8H@L="C[?!#=>?@ ?! Ya^Z $=>!MHE#>J#@9L!LHEAM?!#="#!"H>!A?>D!@9!#=>!I@L"9D!?O9#=>?@?!"H>!#E?OI!LHEAM?! YD>9E#>D!$?ZS!K=@J=!"H>!"I?E!LEED!I>"F@9L!LHEAM?Q!8E#=!EG!#=>!?#"H#@9L!C"#>H@"I?S! >#=OI>9>!LIOJEI!B@?#E?OI"#>!"9D!#H@>#=OI>9D@"C@9>!#H@?#E?OI"#>!="F>!#=>?>!#E?OI! MHE#>J#@9 L!LHEAM?Q!8>J"A?>!#=>!H>"J#@E9?!#E!GEHC!#=>?>!?#"H#@9L!C"#>H@"I?!#"V>!GHEC! :^ W `b!=EAH?!#E!JECMI>#>S!"9!"I#>H9"#>!#E?OI"#@E9!"MMHE"J=!K"?!>\MIEH>D!GEH!#=>! ?#"H#@9L!C"#>H@"I?Q!<"R>C@!>#!"IQ!H>MEH#>D!"!?EIF>9#I>??!#E?OI"#@E9!A?@9L!"!C@JHEK"F>! EF>9S ae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`: W _en! "CE9L!GEAH!?>M "H"#>!?O9#=>?>?Q!$=>?>!O@>ID?!JECM"H>!A9G"FEH"BIO!#E!#=E?>!EB#"@9>D! BO!MH>F@EA?!?#AD>9#?Q!Y+H@99[?!O@>ID!K"?!aTn!GEH!#=@?!H>"J#@E9Q aa Z! 1#!K"? !D@GG@JAI#!#E! "DD!"II!EG!#=>!#E?OI!J=IEH@D>!?EIA#@E9!"?!?IEKIO!"?!H>NA@H>D!B>J"A?>!"9!+HI>9C>O>H! GI"?V!K"?!A?>D!@9? #>"D!EG!"9!"DD@#@E9!GA99>IS!"9D!#=A?!"DD@#@E9!H"#>?!F"H@>D!>"J=! #@C>!#=>!H>"J#@E9!K"?!HA9Q!0?@9L!"9!"DD@#@E9!GA99>I!C"O!MHEDAJ>!E#=>H!MHEBI>C?S! =EK>F>H!Y?>>!B>IEKZQ!%9E#=>H!@??A>!K@#=!#=@?!MHEJ> DAH>!@?!#="#!#=>!H>"J#@E9 >\E#=>HC?!"G#>H!"BEA#!"9!=EAHS!?E!@# !@?!@CMEH#"9#!#E!V>>M!#=>!H>"J#@E9!F>??>I!E9!@J>!

PAGE 66

! _c GEH!?EC>!#@C>!?E!#="#!#=>!$(6!DE>?9[#!BE@I!EGGQ!$=>!MHEDAJ#!GHEC!#=@?!H>"J#@E9!@?! K"?=>D!K@#=!@J> W JEID!K"#>HS!>#="9EI!"9D!>#=>HQ!1#!?>>C?!K=>9!#=>!MHEDAJ#!@?!K"?=>D! #K@J>! K@#=! JEID! >#="9EI!"!IE#!EG!?EI@D!D@? ?EIF>?!@9!@#Q!*>H="M?!K"?=@9L!K@#=EA#! >#="9EI!EH!K@#=!"9!"I#>H9"#@F>!#E!>#="9EIS!C"O!@9JH>"?>!#=>!O@>IDQ!!%9!( W ';,!K"?! #"V>9!>"J=!#@C>!#=>!H>"J#@E9!K"?!HA9!?=EK@9L!JI>"9!MHEDAJ#Q!$=>!C>I#@9L!ME@9#!GEH! +3-#? : K"?!D>#>HC@9>D!#E!B>!U:aQ^ W U:eQb ¡ &S!K=@J=!@?!JIE ?>!#E!#=>!I@#>H"#AH>!F"IA>!EG! U:b W U:a ¡ &Q $=>!?>JE9D!Y?#>M!U!@9!?J=>C>Z!?#"H#@9L!C"#>H@"I S !D@>#=OI>9>#H@"C@9>! #H@?#E?OI"#>Y5+$%#? ` Z!S!K"?!?O9#=>?@R>D!iA?#!E9J>!E9!"!I"HL>!?J"I>!K@#=!"!O@>ID!EG! b`nQ!$=@?!H>"J#@E9!H>NA@H>?!>#=>H!"9D!K"#>H!"?!?EIF>9#?Q!1#!@?!M E??@BI>!#="#!#=>!O@>ID! @?!IEK!Y+H@99[?!O@>ID!K"?!cTn aa Z!DA>!#E!#=>!G"J#!#="#!>#=>H!"9D!K"#>H!"H>! @CC@?J@BI> "9D!GEHC!:!I"O>H?Q!$=>!MHEDAJ#!K"?!EB#"@9>D!GHEC!#=>!"NA>EA?!M="?>S!=EK>F>HS! #=>H>!C@L=#!B>!CEH>!MHEDAJ#!@9!#=>!EHL"9@J!>#=>H!M="?>Q!+\#H"J#@9L!"9D! HE#"HO! >F"MEH"#@9L!#="#!M="?>!C"O!@9JH>"?>!#=>!O@>IDQ!%9E#=>H!@??A>!K@#=!#=@?!H>"J#@E9!@?! #="#!#=>!#E?OI!J=IEH@D>!?EIA#@E9!@?!?AMME?>D!#E!B>!"DD>D!#E!#=>!H>"J#@E9!F>??>I! DHEMK@?>!K@#=!"9!"DD@#@E9!GA99>I!EF>H!"9!=EAH!EH!?EQ!$=>!#E?OI!J=IEH@D>!?EIA#@E9! KEAID !?EC>#@C>?!MH>J@M@#"#>!EA#!EG!#=>!>#=>HS!=EK>F>HS!"9D!GEHC!"!?EI@D!@9!#=>! "DD@#@E9!GA99>IS!#=A?!BIEJV@9L!"II!EG!#=>!GIEK!EG!#=>!#E?OI!J=IEH@D>!?EIA#@E9!#E!#=>! H>"J#@E9!F>??>IQ!$=A?!@#!K"?!D@GG@JAI#!#E!"DD!"II!EG!#=>!I@NA@D!"?!?IEKIO!"?!H>NA@H>DQ!%9! ( W ';,!@ 9D@J"#>D!#="#!#=>!MHEDAJ#!K"?!JI>"9Q!$=>!C>I#@9L!ME@9#!EG!5+$%#? ` !K"?! D>#>HC@9>D!#E!B>!UaT W Ua:QU ¡ &S!K=@J=!JECM"H>?!H>I"#@F>IO!K>II!K@#=!#=>!I@#>H"#AH>! F"IA>!EG!Ua` W Ua_ ¡ &Q!

PAGE 67

! _e 19!?#>M!#=H>>!Y?>>!?J=>C>!`QUZ!#=>!#E?OI"#>D!?#"H#@9L!C"#>H@"I?!"H>!JECB@9>D! #E!GEHC !#=>!9@9>!C>CB>H>D!#H@"R"JOJIE9E9"9>!H@9L!?AB?#@#A#>D!K@#=!#=H>>!#E?OI?Q! $=@?!H>"J#@E9!K"?!H>M>"#>D!^!#@C>?!E9!"!I"HL>!?J"I>!"9D!#>9D>D!#E!O@>ID!ac W ean!EG! F>HO!K>#!MHEDAJ#Q!19!#=@?!H>"J#@E9!?ED@AC!=ODH@D>!@?!"DD>D!#E!D@C>#=OIGEHC"C@D>! "9D!#=>9!5+$%#? ` !@?!" DD>D!#E!#=>!C@\#AH>Q!4>M"H"#>IOS!?ED@AC!=ODH@D>!@?!"DD>D!#E! D@C>#=OIGEHC"C@D>!"9D!#=>9!+3-#? : !@?!"DD>D!#E!#="#!?EIA#@E9Q!$=>9!#=>!+3-#? :! ?EIA#@E9!@?!"DD>D!#E!#=>!5+$%#? ` !?EIA#@E9!DHEMK@?>!"9D!#=>!H>"J#@E9!C@\#AH>!@?! =>"#>D!#E!e_ ¡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j!5;6S! "J>#E9>!"9D!K"#>HQ!%!C>I#@9L!ME@9#!B>#K>>9!:TU W :UU ¡ & !K"?!EB#"@9>D!GEH!$%&'#? ` Q $=>!9>\#!?#>M!Y?#>M!^Z!@9!#=>!?O9#=>?@?!@?!"!?>I>J#@F>!D>#E?OI"#@E9!K=>H>!#KE! #E?OI?!"H>!H>CEF>D!GHEC!#=>!H@9L!A?@9L!"!C@\#AH>!EG!=ODHEBHEC@J!"J@D!@9!``n!LI J@"I! "J>#@J!" J@D!"9D!M=>9EI!#E!L@F>!#=>!#H@"REJOJIE9E9"9>!K@#=!E9>!#E?OI!"##"J=>D!@9!@#?! (8H!?"I#!GEHCQ!$=@?!H>"J#@E9!K"?!HA9!_!#@C>?!E9!"!I"HL>!?J"I>!L@F@9L!@9JE9?@?#>9#!

PAGE 68

! bT O@>ID?!EG!^T W cTnQ!1#!@?!D@GG@JAI#!#E!M@9!ME@9#!>\"J#IO!K=O!#=>!O@>ID?!K>H>!@9JE9?@?#>9#S! =EK>F>HS! MH>F@EA?!?#AD>9#?!LE#!@9JE9?@?#>9#!O@>ID?!"?!K>IIQ!*>H="M?!#=>!*+3!B"#=! K"?!9E #!"#!"9!EM#@C"I!#>CM>H"#AH>! GEH!JECMI>#>!H>"J#@E9!EH!@#!K"?!#EE!=@L=!"9D! D>LH"D>D!?EC>!MHEDAJ#Q!$=>!H>"J#@E9?!K>H>!HA9!"#!#>CM>H"#AH>?!F"HO@9L!ce W ea ¡ & Y@9#>H9"I!#>CM>H"#AH>ZQ!%!# >CM>H"#AH>!EG!ea! ¡ & !MHEF>D!#E!B>!>\J>??@F> !?@9J>!#=>! MHEDAJ#!K"?!JECMI>#>IO!D>#E?OI"#>DQ!'>K!H>"L>9#?!YM=>9EI!"9D!(8H!@9!``n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cbn!O@>ID?S!JE9?@?#>9#IOQ!%9!';,!@9D@J"#>?!"! JI>"9!MHEDAJ#!K"?!EB#"@9>DQ!%!C>I#@9L!ME@9#!K "?!9E#!EB#"@9>DQ $=>!9>\#!?#>M!Y?#>M!_Z!EG!#=>!?O9#=>?@?!@?!#=>!"DD@#@E9!EG!#=>!B>9ROI!"HC?!#E! #=>!#KE!GH>>!9@#HEL>9!"#EC?Q!$=@?!?#>M!K"?!HA9!#K@J>!K@#=!O@>ID?!EG!:^!"9D!b_n! H>?M>J#@F>IOQ!$=>!IEK>H!O@>ID!@?!DA>!#E!#=>!G"J#!#="#!$%&'#?!@?!D@GG@JAI#!#E! JEII> J#PC>"?AH>!?@9J>!@#!@?!"9!E@IQ! %I?ES!JHAD>!K>@L=#?!"H>!F>HO!A9H>I@"BI>!"?!K>IIQ! 19?#>"D!EG!A?@9L!"!M@M>##>!#E!JEII>J#!#=>!$%&'#?!Y#E!B>!MI"J>D!@9!"!H>"J#@E9!F>??>IZS! #=>!$%&'#?!?=EAID!B>!D@??EIF>D!@9!"J>#E9@#H@I>!"9D!#=>9!"DD>D!#E!#=>!H>"J#@E9!F>??>IQ! 2=>9 !#=@?!"MMHE"J=!K"?!#"V>9!"!CAJ=!=@L=>H!O@>ID!K"?!EB#"@9>DQ!$=>!G@I#H"#>!GHEC! #=>!H>"J#@E9!JE9#"@9?!#=>!MHEDAJ#!BA#!L>##@9L!JHO?#"I?!EG!#=>!MHEDAJ#!#E!JEC>!EA#!EG!

PAGE 69

! bU ?EIA#@E9!MHEF>D!D@GG@JAI#Q!19!EHD>H!#E!>\M>D@#>!#=>!MHEJ>??S!JHO?#"I?!EG!#=>!JECMEA9D! GHEC!"!? "CMI>!MH>F@EA?IO!?O9#=>?@R>D!BO!%I@!/@"9L!K>H>!A?>D!#E!?>>D!JHO?#"I! GEHC"#@E9Q!2@#=!#=@?!"MMHE"J=S!JHO?#"I!GEHC"#@E9!EJJAHH>DQ!%9!';,!@9D@J"#>D!"! JI>"9!MHEDAJ#!K"?!EB#"@9>DQ!$=>!C>I#@9L!ME@9#!EG!89 : $%&'#?!K"?!D>#>HC@9>D!#E!B>! B>#K>>9 UT:Qb W UT`Q_! ¡ & Q $=>!9>\ #!?#>M!@9!#=>!?O9#=>?@?!@?!#=>!G@9"I!#E?OI!H>CEF"IS!Y?#>M!bZQ!$=@?!@?!#=>! ?#"L>!@9!#=>!?O9#=>?@?!#="#!="?!L@F>9!#=>!CE?#!D@GG@JAI#@>?!#E!>F>HOE9>!K=E!="?! "##>CM#>D!#E!C"V>!#=@?!9EF>I!I@L"9DQ!8>J"A?>!B>9ROI?!"9D!#E?OI?!"H>!GH>NA>9#IO! H>CEF>D!@9!#=>!?"C>!C"9 9>HS!#=>!MHEBI>C!K@#=!#=@?!?#>M!@?!#E!H>CEF>!#=>!G@9"I!#E?OI! K@#=EA#!H>CEF@9L!#=>!#KE!B>9ROI!"HC?Q! %I@!/@"9L!K"?!"BI>!#E!?O9#=>?@R>!K="#!?=>!MHEME?>D!#E!B>!#=>!DEABIO! B>9ROI"#>D!MHEDAJ#!K@#=!#=>!G@9"I!#E?OI!H>CEF>D!BO!A?@9L!"!M=E#EJ=>C@J"I!C>#=EDQ!! 1#!K"? !>F>9#A"IIO!JE9JIAD>DS!=EK>F>HS!#="#!#=>!MHEDAJ#!#="#!?=>!C"D>!K"?!9E#!#=>! D>?@H>D!MHEDAJ#Q!$=>!DEABI>!B>9ROI!J"HBE9!M>"V?!"#!b^Qb!"9D!bcQc!MMC!@9!%I@[?! J"HBE9!';,!Y6@LAH>!`QUZ!?=EAID!="F>!H>?AI#>D!@9!E9>!?@9LI>!M>"V!?@9J>!#=>!#KE! B>9ROI@J!J"HBE9!"9D!=ODHE L>9?!"H>!@9!"9!@D>9#@J"I!>9F@HE9C>9#Q!$=>H>!"H>!"I?E!#KE! H>?E9"9J>?!GEH>!#=>!B>9ROI@J!=ODHEL>9?!@9!#=>!(!';,!K= >H>!#=>H>!?=EAID!E9IO!B>! E9>Q!$= >!"J#A"I!@D>9#@#O!EG!%I@[?!JECMEA9D!@?!JAHH>9#IO!A9V9EK9Q

PAGE 70

! b: D7*63(.=94 j!';,!?M>J#H"!EG!%I@!/@"9L[?!M=E#EJ=>C@J"II O!D>#E?OI"#>D!MHEDAJ#Q!%#!#=>! #EM!@?!#=>!(!';,!?M>J#HAC!"9D!"#!#=>!BE##EC!@?!#=>!&!';,!?M>J#HACQ!$=>!&!';,! ?=EK?!J@HJI>D!#=>!DEABI>!B>9ROI!M>"V?S!K=@J=!?=EAID!H>?AI#!@9!"!?@9LI>#Q!! !!+H@99!?AJJ>>D>D!@9! H>CEF@9L!#=>!I"?#!#E?OI!LHEAM!K@#=EA#!H>CEF@9L!#=>! B >9ROI!LHEAM?!BO!A?@9L!"!?ED@ACP!9"M=#="I>9>!C>#=EDQ!$=@?!C>#=ED!@?!"9! @CMHEF>C>9#!EF>H!%I@[?!M=E#EJ=>C@J"I!C>#=EDS!K=@J=!@?!#@C>!JE9?AC@9L!"9D! H>NA@H>?!?M>J@"I!>NA@MC>9#Q!+H@99[?!';,!?M>J#H "!"H>!?=EK9!@9!G@LAH>?!`Q:!"9D! `Q`Q!

PAGE 71

! b` 8E#=!#=>!(!"9D!&!';,!?M>J#H"!H> F>"I!#="#!?=>!EB#"@9>D!#=>!JEHH>J#!MHEDAJ#S!K@#=! iA?#!E9>!H>?E9"9J>!GEH!#=>!B>9ROI@J!J"HBE9?!"9D!=ODHEL>9?Q! D7*63(.=9 : j!( W ';,!EG!+H@99!8H@L="C[?!89 : $%&'Q!$=>!?M>J#HAC!?=EK?!E9>! ?@9LI>#!GEH!^!"9D!#H@MI>#?!GEH!BE#=!b!"9D!aQ

PAGE 72

! b^ D7*63(.=9= j!& W ';,!EG!+H@99!8H @L="C[?!89 : $%&'S!H>F>"I@9L!"!?@9LI>#!GEH!_Q ,>MHEDAJ@9L!"9!';,!?M>J #HAC!@D>9#@J"I!#E!+H@99!8H@L="C[ ?!GEH!@9!#=>!KEHV! D>?JH@B>D!=>H> !MHEF>D!#E!B>!D@GG@JAI#Q!19!#=@?!#=>?@?!#=>!'"P9"M=#="I>9>!H>"J#@E9!K"?! "##>CM#>D!>@L=#!#@C>? !"9D!K"?!HA9!#E!JECMI>#@E9!?@\! EA#!EG!#=>!>@L=#!#@C>?Q!$=>H>! "H>!?>F>H"I!MHEBI>C?P@??A>?!K@#=!#=@?!H>"J#@E9!"9D!#=>O!"H>!"?!GEIIEK?j 19!?#"H#@9L!#=@?!H>"J#@E9S!?ED@AC!C>#"IS!9"M=#="I>9>!"9D!$(6!"H>!MI"J>D!@9!"! H>"J#@E9!F>??>I!#E!JH>"#>!#=>! ?ED@AC! 9"M=#="I>9@D>!@E9Q!$=@?!?#>M!@?!#=>!CE?# D@GG@JAI#!B>J"A?>!@#!H>NA@H>?!#=>H>!#E!B>!"B?EIA#>IO!9E!K"#>H!MH>?>9#!@9!#=>!H>"J#@E9! F>??>IQ!$=>H>GEH>S!#=>!H>"J#@E9!F>??>I?!A?>D!@9!#=>!H>"J#@E9!K>H>!EF>9!DH@>D!"9D!#=>9!

PAGE 73

! b_ GI"C>!DH@>DQ!$=@?!C>#=ED!EG!DHO@9L!#=>!H>"J#@E9!F>??>I?!KEHV>D!#=>!B>?#Q!2=>9!#=>! G I"?V?!K>H>!E9IO!EF>9!DH@>D!#=>!?ED@AC!9"M=#="I>9>!?EIA#@E9!KEAID!#AH9!EH"9L>S! @9D@J"#@9L!#="#!#=>!H>"J#@E9!="D!K"#>H!@9!@#!Y#=@?!="MM>9>D!#K@J>ZQ!2=>9!#=>!GI"?V?! K>H>!EF>9!DH@>D!"9D!GI"C>!DH@>D!#=>!H>"J#@E9!C@\#AH>!#AH9>D!"!D"HV!LH>>9!JEIEH! @9D@J"#@9L!#=>! MH>?>9J>!EG!#=>!9"M=#="I>9@D>!@E9Q! $=>!D"HV!LH>>9!9"M=#="I>9@D>!?EIA#@E9!@?!JEEI>D!#E! W ac ¡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`;!'"&IZ !@?!"DD>D!#E!#=>!JEEI>D!LH>>9!?EIA#@E9!"9D!@?!#=>9! "DD>D!#E!"9!"DD@#@E9!GA99 >IQ!$=>!BH@9>!@?!A?>D!#E!=>IM!9>A#H"I@R>D!#=>!MHEDAJ#!?E! #="#!>\#H"J#@9L!@#!I"#>H!B>JEC>?!"9!>"?@>H!#"?VQ!$=>9!#=>!"NA>EA?!I"O>H!@?!"J@D@G@>D!#E!

PAGE 74

! bb M(!U!"9D!>\#H"J#>D!K@#=!D@J=IEHEC>#="9>!#E!H>CEF>!9"M=#="I>9>Q!*>H="M?! >\#H"J#@9L!#=>!9"M=#="I>9> !I"O>H !K@#=!#E IA>9>!K@II!KEHV!B>##>H!#E!H>CEF>!#=>! 9"M=#="I>9> S!BA#!#=@?!K"?!9>F>H!"##>CM#>D Q! (EK>F>HS!#EIA>9>!@?!="HD>H!#E!HE#EF"M! EGG!?@9J>!@#!="?!"!8*!EG!UUT! ¡ &Q! $=>9!#=>!"NA>EA?!I"O>H!@?!B"?@G@>D!#E!M(!U`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iA? #! D@J=IEHEC>#="9>Q!$ =>!( W ';, !EG!#=>!MHEDAJ#! EG!#=>!CE?#!H>J>9#!'"P9 "M=#="I>9>! H>"J#@E9S!EB#"@9>D!E9!#=>!?"C>!D"O!#="#!#=>!H>"J#@E9!K" ?!HA9S!@?!?=EK9!@9!6@LAH>!`Q^ Q

PAGE 75

! ba D7*63(.=9CG $=>!( W ';,!@9!%J>#E9> W D!EG!#=>!5&;!>\#H"J#@E9!I"O>H!GHEC!#=>! '"P'"M#="I>9>!C>#=EDQ!$=>!?J"I>!@9!MM C!@?!@9JEHH>J#!"9D!"II!#=>!H>?E9"9J>? !"H> ?=@G#>D!AMG@>ID!BO !"BEA# !TQ_!MMCQ 6HEC!#=>!?M>J#HAC!@9!6@LAH>!`Q^!@#! J"9!B>!?>>9!#="#!>9F@HE9C>9#?!b!"9D!a! GEHC!"!CAI#@MI>#!"#!:Qa!MMC!@9?#>"D!EG !#=>!>\M>J#>D !#KE!#H@MI>#?Q!$=@?!';,! ?M>J#HAC! D@GG>H?!GHEC!+H@99[?!@9!#="#!H>L"HDQ!$=>H>!"H>!"I?E!@CMAH@#@>?!MH>?>9# S CE?#!EG!K=@J=! "H>!I"B>I>D!@9!#=>!?M>J#HAC Q! 8>J"A?>!EG!#=>!I"JV !EG!#H@M>#?!@9!#=>!';,!?M>J#H"!EG!#=>! MHEDAJ#?!EB#"@9>D!GHEC!#=>!?@\!D@GG>H>9#!H>"J#@E9 !HA9?!EG!#=@?!H>"J#@E9S !@#!K"?!G>"H>D! #="#!#=>!MHEDAJ#!K"?!>@#=>H!#=>!@9JEHH>J#!E9>S!EH!K"?!D>LH"D@9L!EF>H!#@C>Q !6EH!"!

PAGE 76

! bc K=@I>!@#!K"?!>F>9!?M>JAI"#>D!#="#!#=>!MHEDAJ#!C@L= #!B>!M=E#E?>9?@#@F>Q!$=>! D>LH"D"#@E9!@??A>!K"?!?>##I>D!BO!#"V@9L!"9!( W ';,!EG!"!?"CMI>!#="#!+H@99!I>G#!@9!#=>! H>GH@L>H"#EHQ!$=>!';,!H>F>"I>D!#="#!=>H!MHEDAJ#!K"?!G@9>!"9D!A9D>LH"D>D!"G#>H!E9>! O>"H!@9!#=>!JEID!"9D!D"HVQ! %!?>JE9D!';,!?M>J#HAC!EG!#=>!?"C>!';, !?"CMI>!#="#!"MM>"H?!@9!G@LAH>!`Q^! K"?!#"V>9!:!D"O?!I"#>H!Y@9!EHD>H!#E!JEHH>J#!#=>!?J"I>Z!"9D!@?!?=EK9!@9!G@LAH>!`Q_Q D7*63(.=9A j!( W ';,!@9!"J>#E9> W D!EG!#=>!';,!?"CMI>!@9!G@LAH>!`Q^! #KE!D"O?! I"#>HQ!$=>!?"CMI>!="?!#=>!?"C>!@CMAH@ #@>?!I"B>I>D!@9!G@LAH>!`Q^ Q! 2="#!@?!@ 9#>H>?#@9L!"BEA#!#=>?>!#KE!';,!?M>J#H"!YG@LAH>?!`Q^!"9D!`Q_Z!EG!#=>! ?"C>!?"CMI>S! @?!#="#!#=>O!D@GG>H!?I@L=#IO Q!19!#=>!G@H?#!?M>J#HAC !#=>H>!@?!"!I"HL>!K"#>H!

PAGE 77

! be M>"V!"9D!"!?C"II!"J>#E9>!M>"VQ!$=>9!#KE!D"O?!I"#>H!#=>!I"HL>!K"#>H!M>"V!B>J"C>! ?C"II!"9D !#=>!"J>#E9>!M>"V!B>J"C>!I"HL>! @9D@J"#@9L!#="#!#=>!D>A#>H"#>D!?EIF>9#!K"?! >\J="9L@9L!K@#=!#=>!=ODHEL>9?!EG!#=>!K"#>HQ!2="#!@ ?!CEH>!@9#>H>?#@9L!@?!#=> !G"J#!#="#! #=>!CAI#@MI>#!"#!:Qa MMC!GHEC!#=>!>"HI@>H!';,!@?!?MI@#!#KE!D"O?!I"#>H!@9#E!K="#!@ ?! B>L@99@9L! #E !I EEV!I@V>!#KE!#H@MI>#?!J>9#>H>D!"#!"BEA# !:QcMMCQ!! $=>!9>\#!D"O!"9E#=>H!( W ';,!K"?! #"V>9!@9!EHD>H!#E!?>>!@G!#=> !#H@MI>#?!K>H>! ?#@II!MH>?>9#Q! %?!J"9!B>!?>>9!@9 !G@LAH>!`Qb !#=>!#H@MI>#?!"H>!?#@II!MH>?>9#!"9D! "H>!CEH>! D>G@9>D Q D7*63(.=9B j!(!';,!@9!"J>#E9> W DS # =>!';,!GHEC!6@LAH>!:Q^!#=H>>!D"O?!I"#>HQ $=>!#H@MI >#?!"H>!J>9#>H>D!"#!"BEA#!:Qc!MMC!"9D!"H>!CEH>!"MM"H>9#!EF>H!#@C>Q

PAGE 78

! aT %!& W ';,!K"?!"I?E!#"V>9!EG!#= >!?"C>!?"CMI>!"9D!@?!?=EK9 !@9!G@LAH>!`QaQ !$=>H>! "H>!9E!@CMAH@#@>?!"9D !"II !EG!#=>!H>?E9"9J>?!>\M>J#>D!GEH !#=>!D> ?@H>D!JECMEA9D!"H>! MH>?>9#Q D7*63(.=9>G !& W ';,!@9!&5&I ` !EG!#=>! 5&;!>\#H"J#@E9!I"O>H!GHEC!#=>!'"P'"M#="I>9>! C>#=ED Q! $E!GAH#=>H!@9!@9F>?#@L"#>!#=>!CO?#>HO!MHEDAJ#S!#=@9 W I"O>H!J=HEC"#ELH"M=O! K"?!JE9DAJ#>D !K@#= +H@99[?!"9D!CO!"J>#E9> W D b !';,!?"CMI>? Q !$=>!J=HEC"#ELH"C? ?=EK>D!+H@99[?!MHEDAJ#S!BA#!9E#!C@9>Q!2=>9!CO!MHEDAJ#!K"?!?ME## >DS!E9IO!

PAGE 79

! aU 9"M=#="I>9>!"MM>"H >D !E9!#=>!J=HEC"#ELH"C Q!19!EHD>H!#E!C"V>!CO!MHEDAJ#!CEH>! JE9J>9#H"#>DS!#=>!J"M!EG!#=>!';,!#AB>!K"?!#"V>9!EGG!"9D !#=>!#AB>!K"? !I>#!#E!?#"9DQ! 0ME9!H> #AH9@9LS!JHO?#"I?!="D!?#"H# >D!#E!JEC>!EA#!EG!?EIA#@E9Q!$=>!J"M!K"?!H>CEF>D! GHEC!+H@99[?!?"CMI>!"9D!#=>!?"C>!H>?AI#!K"?!EB#"@9>DQ!$ =>!"J>#E9> W D!K"?!D>J"9#>D! G HEC!BE#=!+H@99[?! "9D!CO!';,!#AB>?S!"9D!#=>!JHO?#"I?!K>H>!#=>9!D@??EIF>D!@9! D>A#>H"#>D!J=IEHEGEHC!"9 D!K>H>!"9"IOR>D!F@"!( W ';,Q! $=>!?M>J#HAC!EB#"@9>D!GHEC! JHO?#"I?!#="#!GEHC>D!@9! +H@99[? !';,! @?!?=EK9!@9!G@LAH>!`Qc!"9D! #="#!GHEC! C@9>!@?! ?=EK9!@9!G@LAH>!`QeQ D7*63(.=9I j!(!';,!@9!&5 &I ` !EG!#=>!JHO?#"I?!#="#!GEHC>D!GHEC!+H@99[?!?"CMI>Q

PAGE 80

! a: D7*63(.=9NG (!';,!@9 !&5 &I `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`QUT!?=EK?!#=> !( !';,!?M>J#HAC !EG!#=>!MACM>D!E9!?"CMI>Q!!

PAGE 81

! a` D7*63(.=94OG !(';,!EG!JI>"9!89 : $%&' !?"CMI>Q !1CMAH@#@>?!="F>!B>>9!H>CEF>DS! =EK>F>HS!9"M=#="I>9>!H>C"@9?Q! $=>!#H@MI>#?!="F>!D@?"MM>"H>D!"9D!#=>H>!@?!#=>! MH>?>9J>!EG!"!K@D>!M>"V!"#! UQba!MMCQ!$=@? !K@D>!M>"V!@? B>I@>F>D!#E!B>!K"#>Hh!#=>!H>"?E9!K=O!@#!@?!?E!BHE"D!@?! MHEB"BIO!B>J"A?>!@#!@?!>\J="9L@9L!K@#=!#=>!' W ( Q!

PAGE 82

! a^ &="M#>H!^ &E9JIA?@E9?!"9D!6A#AH>!2EHV 19!JE9JIA?@E9S!MHELH>??!#EK"HD!?O9#=>?@R@9L!#=>!9EF>I!I @L"9D!US^ W D@B>9ROI W US^Sa W #H@"REJOJIE9E9"9> W a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c`Z !+F>9!B>##>H!H>?AI#?!K>H>!EB#"@9>D!A?@9L!"9!>\J>??!EG! I@#=@AC!MEKD>H!@9!#=>!MH>?>9J>!EG!"!J"#"IO#@J!"CEA9#!EG!D@ W 2%#2 W BA#OI!B@M=>9OI! Y5$88ZQ Yc`Z $=>!9>\#!?#>M!EG!#=>! ?O9#=>?@?!@?!#=>!"DD@#@E9!EG!#=>!"J>#"#>!"HCQ!%G#>H!#=@?!@?! DE9>S!#=>!?O9#=>?@?!EG!#=>!I@L"9D!K@II!B>!JECMI>#>!"9D!JECMI>\"#@E9!K@#=!C"9L"9>?>!

PAGE 83

! a_ J"9!B>!"##>CM#>DQ!19!UeebS!;"="M"#H"!>#!"IQ!JH>"#>D!"!#H@B>9ROI"#>D!$%&'!I@L"9D! Yc:Z "9D!K>H>!"BI>!#E!JECMI>\ !#=@ ?!I@L"9D !K@#=!JEMM>HQ!$=>O!?O9#=>?@R>D!9EF>I!B@?!YA W E\EZ!D@JEMM>H!JECMI>\>?!"9D!#=>@H!D @JEMM>H!D>JECME?@#@E9!MHEDAJ#?Q !$=A?S! ?AJJ>??! @9! JECMI>\"#@E9!EG!US^ W D@B>9ROI W US^Sa!#H@"R"JOJI"9E9"9> W a W CE9E"J>#"# >!K@#=!"! C>#"I!@?!F>HO!I@V>IOS !"9D!@?!>9JEAH"L>D!# E!B>! JECMI>#>D!"?!?EE9!"? !89 : $&;%!="?! B>>9!?O9#=>?@R>DQ ! .

PAGE 84

! ab ?(F(3($"(. UZ! 4J"HM>II@9@ S!;Q P="#+.(B6%' Q! C> !`_c^ W `_e`!Y:TTcZ :Z!&"I@?V"9S!; .( <&#O(Q.(R""* Q! :C !UT` W UTb!Y:TTTZQ `Z! %BH"##Q !7Q 9$),=5%0(3=(988*3%$(G35#"13"*"+A Q >: b` W ac!Y:TUTZ ^Z !7E9HA>!3Q P0"2"8%0(3=(4=)3#"='%=2,*(,=$(!%,*26(M2&$3%0 Q! C: UTa x UU:!Y:TTbZ _Z !(EMM> S!8Q S3$=%A(P=2%#=,23"=,* .>A !U:b^ x U:aU!Y:TTeZ bZ! 2=@##"V>HS!;Q! Q"&#=,*("F(/3"*"+35,*(P="#+,=35(B6%'302#A ( > !U`b W U^_!Y:TT:Z aZ! /@"9L S !%I@! 09D>HLH"DA"#>!#=>?@?S!'>K!&EII>L>!EG!6IEH@D"Q! Y:TUTZQ cZ! /"9>S!8Q3Q! <6%(J9M4/(Q"&#=,* ( I :e^ W `TU!YUee^ZQ eZ!'A??S!,Q!6QS!"9D!/E>KA?S!6Q!%Q! 7*,=2(76A03"*. B4 !_eT W _e: YUeacZ! UTZ (EIC>?S!,Q <6%(Q"&#=,*("F(T#"*"+A 4BO UbUa W Ub:^!YUeecZ UUZ! ,@=A@!/@9Q! 7#%8,#,23)%(/3"56%'302#A(U(/3"2%56="*"+A Q .C4 U_^ x Ub_! Y:TUUZ U:Z !(@IIC"9S!,Q!+Q!! <6%(G%2,1"*35(/,030("F(P=6%#32%$( e`` W e^^S!;J3H"K W (@II! 19GEHC"#@E9!4>HF@J>?!&E! '>K!)EHV!YUeceZ U`Z !;yV>I" S!;Q 988*(G35#"13"*(/3"2%56="* I> cTU x cU^Y:TUTZ U^Z !;AHI@D="H"9 S!;Q !! Q(7"02+#,$(G%$ AC !:Tb W :Tc!Y:TTcZ U_Z! (AB>H S!*Q < 6%( Q"&#=,*("F(/3"*"+35,*(B6%'302#A :IO !:aUUU x :aU:T!Y:TT_Z UbZ! *AHDA> S!+Q <6%(Q"&#=,*("F(B%**(/3"*"+A !! 444 !:`^U W :`_U!YUeeTZ UaZ !$"V"O"C"S!$Q Q(9'(M"5(V%86#"* 4C !e`e x e^b!Y:TT`Z UcZ! (EIBHEEV S!XQ! G"*.(/3"*.(4)"*. 4> !`ca x ^TT!Y:TTTZ

PAGE 85

! aa UeZ &=H@?#EM=>H!XQ! /3"563'35,(%2(/3"86A035,(952, 4BC> !aT x a_!Y:TT`Z :TZ! o="9L S!.Q Q.(G"*.(/3"*. .==4 b^` x b_:!Y:TT`Z :UZ! )Q!$"V"D"S!'Q!<"9>VES!(Q!+?AC@S!*Q+Q!*AHDA>S!&QXQ!5"9MAH>S! /3"56%'.(Q Q! :BI. _Ua x _:T!YUeeTZ! ::Z! 5"9MAH> S!&Q /3"563'35,(%2(/3"86A035,(952, 4>B= !Uaab x Uac^!! Y:TTbZ :`Z !&>II@9@S!8Q! J#"=23%#0(3=(/3"053%=5% 4> !b:U W b`^!Y:TU:Z :^ZQ !*Q+Q!*AHDA>S!;QXQ!/ACBS!;Q!6E\S!3Q!3H@GGES!&Q!("CE9!8> 9"@?S!4Q!*EF>OS!&Q!XQ! 5"9MAH>Q :%="'350 4O !`^ x ^:! YUeeUZ! :_Z!!*Q+Q!*AHDA>S!)Q!$"V"D"S!&QXQ!5"9MAH> Q.(B%**(/3"*. .444 !:`^U x :`_U!YUeeTZ! :bZ! ;Q8Q!&EAI#>H W ;"JV@>S!3Q!,AC?BOS! G"*.(:%=%2.(G%2,1. I=. !`c x ^b! Y:TT^Z :aZ! /ACB! Q.("F(/3"*.(B6%' Q! :>A !`b^U_ W `b^::!Y:TTTZ :cZ!&QXQ!5"9MAH>S!*Q+Q!*AHDA>Q! 9'.(Q.(!&'.(:%=%2 Q! A= !^Ua x ^`:! YUee`Z! :eZ!5Q!*@HAII@S!5Q!*ARR>HQ! !&'.(:%=%2 Q! 4OC !_:` x _:_! Y UeeeZ! `TZ! (Q+Q!2@II@"C?S!$Q,Q!2"9DR@I"VS! Q.(T#"*.( 4C4 !a^: x a^a YUeceZ! `UZ! ("B>HI"9D#S3Q 76A03"*"+35,*(7*,=2(9=,2"'A Q!;"J;@II"9!"9D!&EQ!/E9DE9! YUeU^Z `:Z !<@9L?BAHOSXQ!;Q 7"30"="&0(8*,=20("F(26%(T=32%$(M2,2%0(,=$(B,=,$,( *H>9#@J> W ("IIS! 19JQS! +9LI>KEED&I@GG?S'>K!X>H?>O!YUeb^Z ``Z !8AJVS2Q!8QS!?#E9S;Q!%B>I"9D7Q!/Q!;"H?="IIQ! Q.(9'.(W%2.(G%$.(900"5 Q! 4CI U_:_ W U_`!YUebbZ `^Z !;"H?="IIS!7Q!/QS!2Q!8Q!8AJV!"9D!3Q!/Q!8>IIQ! 9'.(Q.(W%2.(X%0 Q! :I. ccc W cce!Y UebaZ `_ Z &=H@?#EM=>H!XQ!5"9MAH>! Y3,*( <#,=08*,=2 :O. U_:_ x U_:e!Y:TT_Z

PAGE 86

! ac `bZ 4J=>M>H?S!;Q! S3$=%A(P=2%#=,23"=,* BI. UbbT x Ubbe!Y:TT_Z `aZ !;@II@9>H S!5Q S3$=%A(P=2%#=,23"=,* >O !UUec W U:TT!Y:TTbZ! `cZ! &EJ="#!*S!,EII"9D!; .((DEF"#$(<%E21""O("F(B*3=35,*(V%86#"*"+A.(N #$( %$ Q!-\GEHDj! -\GEHD!A9@F>H?@#O!*H>??!:`a^ W cT!Y:TT_Z! `eZ!;Q!6Q!/"V>HS!%Q!6Q!(EGC"99 !"9D!8Q!XQ!;>>A?>Q B*3=.(B6%' ( :B !c:a x c`T!YUecTZ ^TZ! oAES!3QS!X@"9LS!.QS!/@AS!(Q!z!o="9LS!XQ! 9=,*.(G%26"$0 ( : !:_^ W :_c!Y:TTeZQ ^UZ 2@II@"C?!(+S!2"9DR@I"V Q Q(T#"* 4C4 !a^: x a^a!YUeceZ ^: Z !&AH="9!3&S!2@II>##!2&!,@CC!+8!4#"CMG>H!;X Q V.(4=+*(Q(G%$ =:I !c`` x c`c! YUee`Z! ^` Z!&AH="9 3&S!2@II>##!2&S 4M>@R>H!6+!>#!"I Q 9==(P=2%#=(G%$ 4:B !^ea x _T^!YUeeaZ ^^ Z! 4@>9>HS!,Q! S3$=%A(P=2%#=,23"=,* B= !UT`a x UT^`!Y:TT`Z ^_ Z! %II@?E9!;XS!&EEV!( ;S!;@I9>!58S!>#!"I! Q(V&2# 44B !^__ x ^bT!YUecbZ ^b Z! (EMM>!8S!8>JV!8S!3"##>H!'!>#!"IQ! S3$=%A(P=2( >O !U`T_ x U`UU!Y:TTb!Z ^a Z!&"CM@>H@!&S!&"CM@>H@!;S!8>H#ARR@!7!>#!"I! S3$=%A(P=2 BO !UTea x UUT_!Y:TTUZ ^c Z! &@BH@V!5;S!<"MI"9!8S!%H9DEHG>H!X%S!;>@>H W ?J=>!(7!! <#,=08*,=2,23"=( >C !aTa W UT!Y:TT:Z ^e Z! X"C@>?E9!'7Q! 9'(Q(V%86#"* :A. :c: x :ce!Y:TT_Z _T Z ! Z _U Z!4=@C"RE9ES!(Q! Q.(/3"56%'.(><"OA"?( C: !`:U W `^T!Y 4NAA Z _: Z!dA"OI>S!XQ!,Q! /3"56%'.(Q.( FG !`bc W `a`!Y 4NB=T _` Z! /"9>!83S!5A9K>II!X;S!,"O!X%S!4J=C@##!;,S!&AC@9L!%&! Q(/3"*(B6%' :BI jU::`e{U::^:!YUee`Z!

PAGE 87

! ae _^ Z! /"AH@>!%Q!,>@9="HD#S Q(9'.(B6%'(M"5. 4:AZ !U:^^ W U:_:!Y:TT`Z __ Z! 4F>DHAR@JS!5Qh!XE9??E9S!4Qh!$EOE#"S!&Q!3Qh!,>@9="HD#S!/Q!%Qh!,@J"L9ES!4Qh!/@9DNF@?#S!)Qh! ,@J="HD?S!'Q!3Q! 9#563)%0("F /3"56%'302#A(,=$(/3"86A0350 C== S!Uab W Ue:QY:TT_Z _b Z! 8Q3Q!/"9>S! /3"56%'.(Q. =CN !`Te x `:UY:TTTZ! _a Z! $EC"?R!8EHEK?V@! Q@(B6%'.(<6%"#A(B"'8&2. 4 @( bcb W be`!Y:TT_Z _c Z!/ "9>S8Q3QS&AC@9LS%Q&QS6H>!rL>"ASXQS&"HM@#"S'Q&QS(AHVC"9S2Q(QS!8>H9@>HS!6QS! 5H"#>KV" W 99>DOS!$Q!5Q! 4&#.(Q.(/3"56%' Q! :ON !ebU x ebe!YUee:Z! _e Z X@C!;Q!5A9K>IIQ! B#3235,*(X%)3%C0(3=(7*,=2(M53%=5%0 S! :>. `^: x `a_!Y:TTcZ bT Z! +A@ W X>E9!2EE! V,2&#%(M2#&52&#,*(/3"*"+A > !UT`b W UT^T!Y:TTTZ bU Z! -M"I>O> S!! <6%(Q"&#=,*("F(/3"*"+35,*(B6%'302#A( :I4 !b^:c x b^``!Y:TTbZ b: Z!,>NA>9"!/S!8EH9>C"99!4! /3"56%'(Q =C= jUc_ W UeT!YUeeeZ b` Z!-M"I>O>!2=@##"V>HS! Q("F(/3"(B6%' :I: !aTUU W aT:`!Y:TTaZ b^ Z! 4=@C"RE9ES!(Qh!("@O"?=@S!-Q! Q.(/3"*.(B6%'.( ::> S!U_U W U_e! > 4NA> Z! b_ Z!/@II>=EiS!+Q!8Qh!4C@#=S!6Q!3Q! 9#56.(/3"56%'.(/3"86A0.( 4ON Z. :Ub W !::T! > Ueb_ Z bb Z! +C@I@"9@S!+Qh!8>V>?S!*Q! 9#56.(/3"56%'.(/3"86A0.( 6EH Z !^cc W ^e`!Y 4NBCT ba Z! ;>=#"S!%Qh!5"##"S!%Q! Q.(/3"*.(B6%'. :B B !:`_^c W :`__`! (> 4NN4T bc Z! *Q!;"LHES!*Q!;"HJ@"9ES!*Q!5@!/>99"S! J4GM(G35#"13"*.(Z%22 Q! CN !^e x _:!YUeccZ! be Z !%9"9DS!,QS!5EHH>?#>@9S!*Q!&QS!<@9?I"9DS!&QS!8>LI>OS!$Q!*QS!"9D!+"I@JVS!4Q!+Q! /3"56%'302#A C4 S!ab_e! x abbe!Y:TT:Z! aT Z !5A9K>IIS!XQ!;Q! /3"2%56="*.( :%=%2.(4=+3=.(X%) 9.4AZ !U x `:!YUeecZ! aU Z! XQ%Q!3>HI#S!*Q&Q!8"BB@##S! 9==&.(X%).(/3"56%'. >O. :Te x !:^b!Y:TTUZ! a: Z ;"##=>K!,Q!8AHH>IIS!7@J#EH@"!XQ!XA?#S!/"AH"!8EK"#>HS!4=@HI>O!%Q!6"@H=AH?#S!/"AH"!

PAGE 88

! cT ,>NA>9"S!5"F@D!;Q!/"K?E9S!"9D!4#>M=>9!8EH9>C"99! /3"56%'302#A( DI( U:`:a W U:``b! Y :TTaZ a` Z! +?JA#@"S!;Q!,QS!8EK"#>HS!/QS!+DK"HD?S!%QS!8E##H@IIS!%Q!,QS!8AHH>IIS!;Q!,QS!*EI"9JES!,QS! 7@JA9!|"S!,QS!"9D!8EH9>C"99S!4! 988*.(4= 7 3#"=.(G35#"13"*. .>4 S!`bTc W `bUb!Y:TT_Z!! a^ Z!8H@L="CS!+H@99!09D>HLH"DA"#>!#=>?@?S!'>K!&EII>L>!EG!6IEH@D" Q!Y:TUUZQ a_ Z!;J%AIO!%Q! P="#+,=35(B6%'302#A ( := S !Ue`c W Ue^`!YUec^Z ab Z!;454!EG!>#=OI>9>!LIOJEI!B@?#E?OI"#> aa Z!<"R>C@!6Q! <%2#,6%$#"= B= !_Tc` x _Tca!Y:TTaZ! ac Z!K"HDS!5A9J"9! 09D>HLH"DA"#>!#=>?@?S!'>K!&EII>L> !EG!6IEH@D"Q!Y:TT^ZQ cT Z!7H@>?>C"!8Q??I>H!XQ/Q! P="#+(B6%' Q! :N S!^U^` W ^U^b!YUeeTZ c: Z!;"="M#H"!4Q! Q.(9'.(B6%'. 44I S!UU___ W UU_a^!YUeebZ c` Z!%IE9?ES!5Q%Q!z!%9D>H??E9S!! Q"&#=,*("F(D#+,=35(B6%'302#A( B= S!e^__ W e^bU!YUeecZ (

PAGE 89

! cU %MM>9D@\j!4M>J#H" +3-#? :! 1, !

PAGE 90

! c: +3-#? : !( W ';, !@9!&5&I ` ! ! !

PAGE 91

! c` +3-#? : !( W ';,!Y<"R>C@!C>#=EDZ !@9!&D&I ` ! !

PAGE 92

! c^ ! 5+$%#? ` !1, ! !

PAGE 93

! c_ ! 5+$%#? `! ( W ';, !@9!&5&I ` !

PAGE 94

! cb ! $%&'#? `! 1, !

PAGE 95

! ca ! $%&'#? ` !( W ';, !@9!&5&I ` !

PAGE 96

! cc

PAGE 97

! ce $%&'#?!( W ';, !@9!&5&I ` ! !

PAGE 98

! eT 89 : $%&'#?!1, ! !

PAGE 99

! eU 89 : $%&'#?!( W ';, !@9!&5&I ` ! !

PAGE 100

! e: ! 89 : $%&'!( W ';,!Y_Pa!H\JZ !@9!%J>#E9> W D !

PAGE 101

! e` ! 89 : $%&'!( W ';,!Y: 9D !_Pa!?M>J#HAC!Z !@9!%J>#E9> W D ! ! !

PAGE 102

! e^ ! 89 : $%&'!( W ';,!Y` HD !_Pa!?M>J#HACZ !@9!%J>#E9> W D ! ! !

PAGE 103

! e_ ! 89 : $%&' !& W ';,!Y_Pa!H\JZ !@9!%J>#E9> W D ! !

PAGE 104

! eb ! ! +H@99[?!JHO?#"II@9>!89 : $%&'!( W ';, !@9!&5&I ` ! !

PAGE 105

! ea ! ! 89 : $%&'!JHO?#"I!';,!Y_Pa!H\JZ !@9!&5&I ` !

PAGE 106

! ec Y&I>"9>D!JHO?#"I?!GHEC!_PaZ!( W ';,!EG!89 : $%&'!@9!&D&I ` !

PAGE 107

! ee Y&I>"9>D!JHO?#"I?!GHEC! _PaZ!& W ';,!EG!89 : $%&'!@9!&D&I `


ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/footer_item.html)