ࡱ> q`KbjbjqPqP8^:: jjjjjjj^zzzz\֙r$2~ ~t$h!̯uj̯jjAJJJ"jjJJJVjjr 0*MRzܣ bDW0ʮT^j20L>6Jt,̯̯@ r$r$r$:^:r$r$r$^~$Zjjjjjj 0?8AL > 3>AC40@AB25==>9 @538AB@0F88 :@548B=>9 >@30=870F88 2=5A5=0 2 548=K9 3>AC40@AB25==K9 @55AB@ N@848G5A:8E ;8F 28 023CAB0 2002 3. >A=>2=>9 3>AC40@AB25==K9 @538AB@0F8>==K9 ! 1027739120199!>3;0A>20=> 0<5AB8B5;L 0G0;L=8:0 >A:>2A:>3> 3;02=>3> B5@@8B>@80;L=>3> C?@02;5=8O &5=B@0;L=>3> 10=:0 >AA89A:>9 $545@0F88 _______________________(______________________) ________________________ _________3.  #AB02 :F8>=5@=>3> :><<5@G5A:>3> 10=:0 5@6020 >B:@KB>3> 0:F8>=5@=>3> >1I5AB20  5@6020  #B25@645=> 1I8< A>1@0=85< 0:F8>=5@>2 @>B>:>; ! 1/= >B 01 =>O1@O 2007 3. 3>@>4 >A:20 2007 3>4 !>45@60=85  TOC \o "1-1" \h \z \u  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126304#_Toc145126304" ;020 1. 1I85 ?>;>65=8O.  PAGEREF _Toc145126304 \h 3  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126305#_Toc145126305" ;020 2. 5AB> =0E>645=8O.  PAGEREF _Toc145126305 \h 3  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126306#_Toc145126306" ;020 3. 0=:>2A:85 >?5@0F88 8 4@C385 A45;:8.  PAGEREF _Toc145126306 \h 3  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126307#_Toc145126307" ;020 4. #AB02=K9 :0?8B0;.  PAGEREF _Toc145126307 \h 4  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126308#_Toc145126308" ;020 5. :F88, >1;830F88 8 8=K5 M<8AA8>==K5 F5==K5 1C<038 0=:0.  PAGEREF _Toc145126308 \h 5  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126309#_Toc145126309" ;020 6. @020 0:F8>=5@>2.  PAGEREF _Toc145126309 \h 6  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126310#_Toc145126310" ;020 7. 55AB@ 0:F8>=5@>2.  PAGEREF _Toc145126310 \h 6  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126311#_Toc145126311" ;020 8. 0A?@545;5=85 ?@81K;8 0=:0. $>=4K 0=:0.  PAGEREF _Toc145126311 \h 7  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126312#_Toc145126312" ;020 9. 15A?5G5=85 8=B5@5A>2 :;85=B>2.  PAGEREF _Toc145126312 \h 7  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126313#_Toc145126313" ;020 10. #G5B 8 >BG5B=>ABL 0=:0.  PAGEREF _Toc145126313 \h 8  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126314#_Toc145126314" ;020 11. !B@C:BC@0 >@30=>2 C?@02;5=8O 0=:><.  PAGEREF _Toc145126314 \h 9  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126315#_Toc145126315" ;020 12. 1I55 A>1@0=85 0:F8>=5@>2.  PAGEREF _Toc145126315 \h 9  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126316#_Toc145126316" ;020 13. !>25B 48@5:B>@>2.  PAGEREF _Toc145126316 \h 11  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126317#_Toc145126317" ;020 14. A?>;=8B5;L=K5 >@30=K 0=:0.  PAGEREF _Toc145126317 \h 14  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126318#_Toc145126318" ;020 15. >=B@>;L 70 45OB5;L=>ABLN 0=:0.  PAGEREF _Toc145126318 \h 16  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126319#_Toc145126319" ;020 16. 5>@30=870F8O 8 ;8:2840F8O 0=:0.  PAGEREF _Toc145126319 \h 18  HYPERLINK "file:///C:\\Documents%20and%20Settings\\Tereschenko\\>8%204>:C<5=BK\\#!"\\#AB02(=>20O%20@540:F8O).doc" \l "_Toc145126320#_Toc145126320" ;020 17. =5A5=85 87<5=5=89 8 4>?>;=5=89 2 #AB02.  PAGEREF _Toc145126320 \h 19  1I85 ?>;>65=8O. :F8>=5@=K9 :><<5@G5A:89 10=: 5@6020 >B:@KB>5 0:F8>=5@=>5 >1I5AB2>, 8<5=C5<K9 2 40;L=59H5< 0=:, O2;O5BAO :@548B=>9 >@30=870F859 2 D>@<5 >B:@KB>3> 0:F8>=5@=>3> >1I5AB20. 0=: 1K; A>740= 05 <0@B0 1994 3. ?> @5H5=8N 1I53> A>1@0=8O CG@548B5;59 >B 16 023CAB0 1993 3. (@>B>:>; ! 1). >;=>5 D8@<5==>5 =08<5=>20=85 0=:0 =0 @CAA:>< O7K:5: :F8>=5@=K9 :><<5@G5A:89 10=: 5@6020 >B:@KB>5 0:F8>=5@=>5 >1I5AB2>. 0 0=3;89A:>< O7K:5 - Joint-Stock Commercial Bank DERZHAVA !>:@0I5==>5 D8@<5==>5 =08<5=>20=85 0=:0 =0 @CAA:>< O7K:5:  5@6020 . 0 0=3;89A:>< O7K:5: JSCB DERZHAVA. 0=: 8<55B 8A:;NG8B5;L=>5 ?@02> 8A?>;L7>20=8O A2>53> D8@<5==>3> =08<5=>20=8O. 0=: 8<55B :@C3;CN ?5G0BL A> A2>8< ?>;=K< D8@<5==K< =08<5=>20=85< =0 @CAA:>< O7K:5, 70@538AB@8@>20==K9 2 CAB0=>2;5==>< ?>@O4:5 B>20@=K9 7=0:, HB0<?K, 1;0=:8 A> A2>8< =08<5=>20=85< 8 4@C385 A@54AB20 287C0;L=>9 845=B8D8:0F88. 0=: 2E>48B 2 10=:>2A:CN A8AB5<C >AA89A:>9 $545@0F88 8 2 A2>59 45OB5;L=>AB8 @C:>2>4AB2C5BAO 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88, =>@<0B82=K<8 0:B0<8 0=:0 >AA88, 0 B0:65 =0AB>OI8< #AB02><. 0=: O2;O5BAO N@848G5A:8< ;8F><, 8<55B 2 A>1AB25==>AB8 >1>A>1;5==>5 8<CI5AB2>, CG8BK205<>5 =0 53> A0<>AB>OB5;L=>< 10;0=A5. 0=: =5A5B >B25BAB25==>ABL ?> A2>8< >1O70B5;LAB20< 2A5< ?@8=04;560I8< 5<C 8<CI5AB2><, <>65B >B A2>53> 8<5=8 ?@8>1@5B0BL 8 >ACI5AB2;OBL 8<CI5AB25==K5 8 =58<CI5AB25==K5 ?@020, =5AB8 >1O70==>AB8, 1KBL 8ABF>< 8 >B25BG8:>< 2 AC45. 0=: 2?@025 2 CAB0=>2;5==>< ?>@O4:5 >B:@K20BL :>@@5A?>=45=BA:85 8 8=K5 10=:>2A:85 AG5B0 =0 B5@@8B>@88 >AA89A:>9 $545@0F88 8 70 55 ?@545;0<8. :F8>=5@0<8 0=:0 (40;55 8<5=C5<K5  :F8>=5@K) <>3CB 1KBL N@848G5A:85 8 (8;8) D878G5A:85 ;8F0. :F8>=5@K 0=:0 =5 >B25G0NB ?> >1O70B5;LAB20< 0=:0 8 =5ACB @8A: C1KB:>2, A2O70==KE A 53> 45OB5;L=>ABLN, 2 ?@545;0E AB>8<>AB8 ?@8=04;560I8E 8< 0:F89. 0=: =5 >B25G05B ?> >1O70B5;LAB20< A2>8E 0:F8>=5@>2. 0=: =5 >B25G05B ?> >1O70B5;LAB20< 3>AC40@AB20 8 53> >@30=>2. >AC40@AB2> =5 >B25G05B ?> >1O70B5;LAB20< 0=:0, 70 8A:;NG5=85< A;CG052, :>340 3>AC40@AB2> A0<> ?@8=O;> =0 A51O B0:85 >1O70B5;LAB20. 0=: 2?@025 CG0AB2>20BL A0<>AB>OB5;L=> 8;8 A>2<5AB=> A 4@C38<8 N@848G5A:8<8 8 D878G5A:8<8 ;8F0<8 2 4@C38E :><<5@G5A:8E 8 =5:><<5@G5A:8E >@30=870F8OE =0 B5@@8B>@88 >AA89A:>9 $545@0F88 8 70 55 ?@545;0<8 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 8 A>>B25BAB2CNI53> 8=>AB@0==>3> 3>AC40@AB20. 0=: <>65B A>74020BL D8;80;K 8 >B:@K20BL ?@54AB028B5;LAB20 =0 B5@@8B>@88 >AA89A:>9 $545@0F88 A A>1;N45=85< B@51>20=89 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88. !>740=85 0=:>< D8;80;>2 8 >B:@KB85 ?@54AB028B5;LAB2 70 ?@545;0<8 B5@@8B>@88 >AA89A:>9 $545@0F88 >ACI5AB2;ONBAO B0:65 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< 8=>AB@0==>3> 3>AC40@AB20 ?> <5ABC =0E>645=8O D8;80;>2 8 ?@54AB028B5;LAB2, 5A;8 8=>5 =5 ?@54CA<>B@5=> <564C=0@>4=K< 4>3>2>@>< >AA89A:>9 $545@0F88. 0=: A>7405BAO 157 >3@0=8G5=8O A@>:0 45OB5;L=>AB8 8 >ACI5AB2;O5B A2>N 45OB5;L=>ABL =0 >A=>20=88 ;8F5=788 0=:0 >AA88. 5AB> =0E>645=8O. 5AB> =0E>645=8O 0=:0 (?>GB>2K9 04@5A): >AA89A:0O $545@0F8O, 119234, 3>@>4 >A:20, ><>=>A>2A:89 ?@>A?5:B, 4>< 20. 0=:>2A:85 >?5@0F88 8 4@C385 A45;:8. 0=: <>65B >ACI5AB2;OBL A;54CNI85 10=:>2A:85 >?5@0F88: ?@82;5:0BL 45=56=K5 A@54AB20 D878G5A:8E 8 N@848G5A:8E ;8F 2> 2:;04K (4> 2>AB@51>20=8O 8 =0 >?@545;5==K9 A@>:); @07<5I0BL C:070==K5 2 ?@54H5AB2CNI5< 0170F5 =0AB>OI53> ?C=:B0 ?@82;5G5==K5 A@54AB20 >B A2>53> 8<5=8 8 70 A2>9 AG5B; >B:@K20BL 8 25AB8 10=:>2A:85 AG5B0 D878G5A:8E 8 N@848G5A:8E ;8F; >ACI5AB2;OBL @0AG5BK ?> ?>@CG5=8N D878G5A:8E 8 N@848G5A:8E ;8F, 2 B>< G8A;5 10=:>2-:>@@5A?>=45=B>2, ?> 8E 10=:>2A:8< AG5B0<; 8=:0AA8@>20BL 45=56=K5 A@54AB20, 25:A5;O, ?;0B56=K5 8 @0AG5B=K5 4>:C<5=BK 8 >ACI5AB2;OBL :0AA>2>5 >1A;C6820=85 D878G5A:8E 8 N@848G5A:8E ;8F; ?>:C?0BL 8 ?@>4020BL 8=>AB@0==CN 20;NBC 2 =0;8G=>9 8 157=0;8G=>9 D>@<0E; ?@82;5:0BL 2> 2:;04K 8 @07<5I0BL 4@03>F5==K5 <5B0;;K; 2K4020BL 10=:>2A:85 30@0=B88; >ACI5AB2;OBL ?5@52>4K 45=56=KE A@54AB2 ?> ?>@CG5=8N D878G5A:8E ;8F 157 >B:@KB8O 10=:>2A:8E AG5B>2 (70 8A:;NG5=85< ?>GB>2KE ?5@52>4>2). 0=:, ?><8<> ?5@5G8A;5==KE 2KH5 10=:>2A:8E >?5@0F89, 2?@025 >ACI5AB2;OBL A;54CNI85 A45;:8: 2K4020BL ?>@CG8B5;LAB20 70 B@5BL8E ;8F, ?@54CA<0B@820NI8E 8A?>;=5=85 >1O70B5;LAB2 2 45=56=>9 D>@<5; ?@8>1@5B0BL ?@020 B@51>20=8O >B B@5BL8E ;8F 8A?>;=5=8O >1O70B5;LAB2 2 45=56=>9 D>@<5; 4>25@8B5;L=> C?@02;OBL 45=56=K<8 A@54AB20<8 8 8=K< 8<CI5AB2>< ?> 4>3>2>@C A D878G5A:8<8 8 N@848G5A:8<8 ;8F0<8; >ACI5AB2;OBL >?5@0F88 A 4@03>F5==K<8 <5B0;;0<8 8 4@03>F5==K<8 :0<=O<8 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88; ?@54>AB02;OBL 2 0@5=4C D878G5A:8< 8 N@848G5A:8< ;8F0< A?5F80;L=K5 ?><5I5=8O 8;8 =0E>4OI85AO 2 =8E A59DK 4;O E@0=5=8O 4>:C<5=B>2 8 F5==>AB59; ;878=3>2K5 >?5@0F88; >:07K20BL :>=AC;LB0F8>==K5 8 8=D>@<0F8>==K5 CA;C38; 0=: 2?@025 >ACI5AB2;OBL 8=K5 A45;:8 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88.  A>>B25BAB288 A ;8F5=7859 0=:0 >AA88 =0 >ACI5AB2;5=85 10=:>2A:8E >?5@0F89, 0=: 2?@025 >ACI5AB2;OBL 2K?CA:, ?>:C?:C, ?@>406C, CG5B, E@0=5=85 8 8=K5 >?5@0F88 A F5==K<8 1C<030<8, 2K?>;=ONI8<8 DC=:F88 ?;0B56=>3> 4>:C<5=B0, A F5==K<8 1C<030<8, ?>4B25@640NI8<8 ?@82;5G5=85 45=56=KE A@54AB2 2> 2:;04K 8 =0 10=:>2A:85 AG5B0, A 8=K<8 F5==K<8 1C<030<8, >ACI5AB2;5=85 >?5@0F89 A :>B>@K<8 =5 B@51C5B ?>;CG5=8O A?5F80;L=>9 ;8F5=788 2 A>>B25BAB288 A D545@0;L=K<8 70:>=0<8, 0 B0:65 2?@025 >ACI5AB2;OBL 4>25@8B5;L=>5 C?@02;5=85 C:070==K<8 F5==K<8 1C<030<8 ?> 4>3>2>@C A D878G5A:8<8 8 N@848G5A:8<8 ;8F0<8. 0=: 8<55B ?@02> >ACI5AB2;OBL ?@>D5AA8>=0;L=CN 45OB5;L=>ABL =0 @K=:5 F5==KE 1C<03 2 A>>B25BAB288 A D545@0;L=K<8 70:>=0<8. 0=:C 70?@5I05BAO 70=8<0BLAO ?@>872>4AB25==>9, B>@3>2>9 8 AB@0E>2>9 45OB5;L=>ABLN. A5 10=:>2A:85 >?5@0F88 8 4@C385 A45;:8 >ACI5AB2;ONBAO 2 @C1;OE, 0 ?@8 =0;8G88 A>>B25BAB2CNI59 ;8F5=788 0=:0 >AA88 - 8 2 8=>AB@0==>9 20;NB5. #AB02=K9 :0?8B0;. #AB02=K9 :0?8B0; 0=:0 AD>@<8@>20= 2 @07<5@5 50 868 000 (OB845AOB8 <8;;8>=>2 2>A5<LA>B H5AB845AOB8 2>AL<8 BKAOG) @C1;59 8 @0745;5= =0 5 086 800 (OBL <8;;8>=>2 2>A5<L45AOB H5ABL BKAOG 2>A5<LA>B) >1K:=>25==KE 8<5==KE 0:F89 =><8=0;L=>9 AB>8<>ABLN 10 (5AOBL) @C1;59 :0640O (8<5=C5<KE 2 40;L=59H5<  >1K:=>25==K5 0:F88). #AB02=K9 :0?8B0; 0=:0 A>AB>8B 87 =><8=0;L=>9 AB>8<>AB8 0:F89 0=:0, ?@8>1@5B5==KE 0:F8>=5@0<8. #AB02=K9 :0?8B0; 0=:0 >?@545;O5B <8=8<0;L=K9 @07<5@ 8<CI5AB20 0=:0, 30@0=B8@CNI53> 8=B5@5AK 53> :@548B>@>2. #AB02=K9 :0?8B0; 0=:0 <>65B 1KBL C25;8G5= ?CB5< C25;8G5=8O =><8=0;L=>9 AB>8<>AB8 0:F89 8;8 @07<5I5=8O 4>?>;=8B5;L=KE 0:F89. 5H5=85 >1 C25;8G5=88 CAB02=>3> :0?8B0;0 0=:0 ?@8=8<05BAO 1I8< A>1@0=85< 0:F8>=5@>2 0=:0 (8<5=C5<K< 2 40;L=59H5<  1I55 A>1@0=85 0:F8>=5@>2). >?>;=8B5;L=K5 0:F88 <>3CB 1KBL @07<5I5=K 0=:>< B>;L:> 2 ?@545;0E :>;8G5AB20 >1JO2;5==KE 0:F89, CAB0=>2;5==>3> =0AB>OI8< #AB02><. 5H5=85 2>?@>A0 >1 C25;8G5=88 CAB02=>3> :0?8B0;0 0=:0 ?CB5< @07<5I5=8O 4>?>;=8B5;L=KE 0:F89 <>65B 1KBL ?@8=OB> 1I8< A>1@0=85< 0:F8>=5@>2 >4=>2@5<5==> A @5H5=85< > 2=5A5=88 2 #AB02 0=:0 ?>;>65=89 >1 >1JO2;5==KE 0:F8OE, =5>1E>48<KE 2 A>>B25BAB288 A D545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E, 8;8 >1 87<5=5=88 ?>;>65=89 >1 >1JO2;5==KE 0:F8OE. @8 C25;8G5=88 CAB02=>3> :0?8B0;0 0=:0 ?CB5< @07<5I5=8O 4>?>;=8B5;L=KE 0:F89 CAB02=K9 :0?8B0; C25;8G8205BAO =0 AC<<C =><8=0;L=KE AB>8<>AB59 @07<5I5==KE 4>?>;=8B5;L=KE 0:F89, 0 :>;8G5AB2> >1JO2;5==KE 0:F89 >?@545;5==KE :0B53>@89 8 B8?>2 C<5=LH05BAO =0 G8A;> @07<5I5==KE 4>?>;=8B5;L=KE 0:F89 MB8E :0B53>@89 8 B8?>2. #AB02=K9 :0?8B0; 0=:0 <>65B 1KBL C<5=LH5= ?CB5< C<5=LH5=8O =><8=0;L=>9 AB>8<>AB8 @07<5I5==KE 0:F89 8;8 A>:@0I5=8O 8E >1I53> :>;8G5AB20, 2 B>< G8A;5 ?CB5< ?@8>1@5B5=8O G0AB8 0:F89 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. 5H5=85 >1 C<5=LH5=88 CAB02=>3> :0?8B0;0 0=:0 ?@8=8<05BAO 1I8< A>1@0=85< 0:F8>=5@>2. :F88, >1;830F88 8 8=K5 M<8AA8>==K5 F5==K5 1C<038 0=:0. ><8=0;L=0O AB>8<>ABL >4=>9 >1K:=>25==>9 0:F88 10 (5AOBL) @C1;59, D>@<0 2K?CA:0  1574>:C<5=B0@=0O. 0=: 2?@025 4>?>;=8B5;L=> : C65 @07<5I5==K< 0:F8O< @07<5AB8BL 50 000 000 (OBL45AOB <8;;8>=>2) >1K:=>25==KE 0:F89 =><8=0;L=>9 AB>8<>ABLN 10 (5AOBL) @C1;59 :0640O 8 2 500 000 (20 <8;;8>=0 ?OBLA>B BKAOG) ?@828;538@>20==KE 0:F89 =><8=0;L=>9 AB>8<>ABLN 10 (5AOBL) @C1;59 :0640O (>1JO2;5==K5 0:F88). >?>;=8B5;L=K5 0:F88 2K?CA:0NBAO 2 1574>:C<5=B0@=>9 D>@<5. 0==K5 0:F88 ?@54>AB02;ONB 8E 2;045;LF0< B5 65 ?@020, GB> 8 @07<5I5==K5 0:F88 B>9 65 :0B53>@88 (B8?0). ><8=0;L=0O AB>8<>ABL @07<5I5==KE ?@828;538@>20==KE 0:F89 =5 4>;6=0 ?@52KH0BL 25 (204F0BL ?OBL) ?@>F5=B>2 CAB02=>3> :0?8B0;0 0=:0. 0=: 2?@025 @07<5I0BL >1;830F88 8 8=K5 M<8AA8>==K5 F5==K5 1C<038, ?@54CA<>B@5==K5 ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88 > F5==KE 1C<030E. 07<5I5=85 0=:>< >1;830F89, :>=25@B8@C5<KE 2 0:F88, 8 8=KE M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88 >ACI5AB2;O5BAO ?> @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2. 07<5I5=85 0=:>< 8=KE M<8AA8>==KE F5==KE 1C<03 >ACI5AB2;O5BAO ?> @5H5=8N !>25B0 48@5:B>@>2. ?;0B0 4>?>;=8B5;L=KE 0:F89 0=:0, @07<5I05<KE ?>A@54AB2>< ?>4?8A:8, <>65B >ACI5AB2;OBLAO 45=L30<8, F5==K<8 1C<030<8, 4@C38<8 25I0<8 8;8 8<CI5AB25==K<8 ?@020<8 ;81> 8=K<8 ?@020<8, 8<5NI8<8 45=56=CN >F5=:C, A CG5B>< ?@028; 8 >3@0=8G5=89, CAB0=>2;5==KE 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 8 =>@<0B82=K<8 0:B0<8 0=:0 >AA88. @8 >?;0B5 4>?>;=8B5;L=KE 0:F89 0=:0 =545=56=K<8 A@54AB20<8 45=56=0O >F5=:0 8<CI5AB20, 2=>A8<>3> 2 >?;0BC 0:F89, ?@>872>48BAO !>25B>< 48@5:B>@>2 0=:0 (8<5=C5<K< 2 40;L=59H5<  !>25B 48@5:B>@>2). ;O >?@545;5=8O @K=>G=>9 AB>8<>AB8 B0:>3> 8<CI5AB20 ?@82;5:05BAO =57028A8<K9 >F5=I8:. 5;8G8=0 45=56=>9 >F5=:8 8<CI5AB20, ?@>872545==>9 !>25B>< 48@5:B>@>2, =5 <>65B 1KBL 2KH5 25;8G8=K >F5=:8, ?@>872545==>9 =57028A8<K<8 >F5=I8:0<8. ?;0B0 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0 <>65B >ACI5AB2;OBLAO B>;L:> 45=L30<8. >?>;=8B5;L=K5 0:F88 8 8=K5 M<8AA8>==K5 F5==K5 1C<038 0=:0, @07<5I05<K5 ?CB5< ?>4?8A:8, @07<5I0NBAO ?@8 CA;>288 8E ?>;=>9 >?;0BK. > @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2 0=: 2?@025 ?@>8725AB8: :>=A>;840F8N @07<5I5==KE 0:F89, 2 @57C;LB0B5 :>B>@>9 425 8;8 1>;55 0:F89 0=:0 :>=25@B8@CNBAO 2 >4=C =>2CN 0:F8N B>9 65 :0B53>@88 (B8?0); 4@>1;5=85 @07<5I5==KE 0:F89, 2 @57C;LB0B5 :>B>@>3> >4=0 0:F8O 0=:0 :>=25@B8@C5BAO 2 425 8;8 1>;55 0:F89 0=:0 B>9 65 :0B53>@88 (B8?0).  C:070==KE A;CG0OE 2 #AB02 0=:0 2=>AOBAO A>>B25BAB2CNI85 87<5=5=8O >B=>A8B5;L=> =><8=0;L=>9 AB>8<>AB8 8 :>;8G5AB20 @07<5I5==KE 8 >1JO2;5==KE 0:F89 0=:0 A>>B25BAB2CNI59 :0B53>@88 (B8?0). 07<5I5=85 0=:>< 4>?>;=8B5;L=KE 0:F89, >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0 >ACI5AB2;O5BAO 2 A>>B25BAB288 A ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88. 0=: 2?@025 >ACI5AB2;OBL @07<5I5=85 4>?>;=8B5;L=KE 0:F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 ?>A@54AB2>< ?>4?8A:8 8 :>=25@B0F88.  A;CG05 C25;8G5=8O CAB02=>3> :0?8B0;0 0=:0 70 AG5B 53> 8<CI5AB20 @07<5I5=85 4>?>;=8B5;L=KE 0:F89 >ACI5AB2;O5BAO ?>A@54AB2>< @0A?@545;5=8O 8E A@548 2A5E 0:F8>=5@>2. @8 MB>< :064><C 0:F8>=5@C @0A?@545;ONBAO 0:F88 B>9 65 :0B53>@88 (B8?0), GB> 8 0:F88, :>B>@K5 5<C ?@8=04;560B, ?@>?>@F8>=0;L=> :>;8G5AB2C ?@8=04;560I8E 5<C 0:F89.. 07<5I5=85 4>?>;=8B5;L=KE 0:F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0, :>=25@B8@C5<KE 2 0:F88, ?@>2>48BAO ?>A@54AB2>< :0: >B:@KB>9, B0: 8 70:@KB>9 ?>4?8A:8. ?;0B0 4>?>;=8B5;L=KE 0:F89 0=:0, @07<5I05<KE ?>A@54AB2>< ?>4?8A:8, >ACI5AB2;O5BAO ?> F5=5, >?@545;O5<>9 !>25B>< 48@5:B>@>2 2 ?>@O4:5, CAB0=>2;5==>< $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E, => =5 =865 8E =><8=0;L=>9 AB>8<>AB8. &5=0 @07<5I5=8O 4>?>;=8B5;L=KE 0:F89 0:F8>=5@0< 0=:0 ?@8 >ACI5AB2;5=88 8<8 ?@58<CI5AB25==>3> ?@020 ?@8>1@5B5=8O 0:F89 <>65B 1KBL =865 F5=K @07<5I5=8O 8=K< ;8F0<, => =5 1>;55 G5< =0 10 ?@>F5=B>2. ?;0B0 >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0, @07<5I05<KE ?>A@54AB2>< ?>4?8A:8, >ACI5AB2;O5BAO ?> F5=5, >?@545;O5<>9 !>25B>< 48@5:B>@>2 2 ?>@O4:5, CAB0=>2;5==>< $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. @8 MB>< >?;0B0 >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0, :>=25@B8@C5<KE 2 0:F88, @07<5I05<KE ?>A@54AB2>< ?>4?8A:8, >ACI5AB2;O5BAO ?> F5=5 =5 =865 =><8=0;L=>9 AB>8<>AB8 0:F89, 2 :>B>@K5 :>=25@B8@CNBAO B0:85 F5==K5 1C<038. &5=0 @07<5I5=8O >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, 0:F8>=5@0< 0=:0 ?@8 >ACI5AB2;5=88 8<8 ?@58<CI5AB25==>3> ?@020 ?@8>1@5B5=8O B0:8E F5==KE 1C<03 <>65B 1KBL =865 F5=K @07<5I5=8O 8=K< ;8F0<, => =5 1>;55 G5< =0 10 ?@>F5=B>2. >@O4>: :>=25@B0F88 2 0:F88 >1;830F89 8 8=KE, 70 8A:;NG5=85< 0:F89, M<8AA8>==KE F5==KE 1C<03 0=:0 CAB0=02;8205BAO A>>B25BAB2CNI8< @5H5=85< > 2K?CA:5. >=25@B0F8O >1K:=>25==KE 8<5==KE 0:F89 0=:0 2 >1;830F88 8 8=K5 F5==K5 1C<038 =5 4>?CA:05BAO. 07<5I5=85 4>?>;=8B5;L=KE 0:F89 0=:0 2 ?@545;0E :>;8G5AB20 >1JO2;5==KE 0:F89, =5>1E>48<>3> 4;O :>=25@B0F88 2 =8E @07<5I5==KE 0=:>< :>=25@B8@C5<KE >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0, ?@>2>48BAO B>;L:> ?CB5< B0:>9 :>=25@B0F88. #A;>28O 8 ?>@O4>: :>=25@B0F88 0:F89, >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 0=:0 ?@8 53> @5>@30=870F88 >?@545;ONBAO A>>B25BAB2CNI8<8 @5H5=8O<8 8 4>3>2>@0<8 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 8 =>@<0B82=K<8 0:B0<8 0=:0 >AA88. @020 0:F8>=5@>2. :F8>=5@K - 2;045;LFK >1K:=>25==KE 0:F89 8<5NB ?@02>: CG0AB2>20BL 2 1I5< A>1@0=88 0:F8>=5@>2 A ?@02>< 3>;>A0 ?> 2A5< 2>?@>A0< 53> :><?5B5=F88; ?>;CG0BL 482845=4K; ?>;CG8BL G0ABL 8<CI5AB20 0=:0 2 A;CG05 53> ;8:2840F88. 0640O >1K:=>25==0O 0:F8O 0=:0 ?@54>AB02;O5B 0:F8>=5@C  55 2;045;LFC >48=0:>2K9 >1J5< ?@02. :F8>=5@K 0=:0 8<5NB ?@58<CI5AB25==>5 ?@02> ?@8>1@5B5=8O @07<5I05<KE ?>A@54AB2>< >B:@KB>9 ?>4?8A:8 4>?>;=8B5;L=KE 0:F89 8 M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, 2 :>;8G5AB25, ?@>?>@F8>=0;L=>< :>;8G5AB2C ?@8=04;560I8E 8< 0:F89 MB>9 :0B53>@88 (B8?0). :F8>=5@K 0=:0, 3>;>A>202H85 ?@>B82 8;8 =5 ?@8=8<02H85 CG0AB8O 2 3>;>A>20=88 ?> 2>?@>AC > @07<5I5=88 ?>A@54AB2>< 70:@KB>9 ?>4?8A:8 0:F89 8 M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, 8<5NB ?@58<CI5AB25==>5 ?@02> ?@8>1@5B5=8O 4>?>;=8B5;L=KE 0:F89 8 M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, @07<5I05<KE ?>A@54AB2>< 70:@KB>9 ?>4?8A:8, 2 :>;8G5AB25, ?@>?>@F8>=0;L=>< :>;8G5AB2C ?@8=04;560I8E 8< 0:F89 MB>9 :0B53>@88 (B8?0). #:070==>5 ?@02> =5 @0A?@>AB@0=O5BAO =0 @07<5I5=85 0:F89 8 8=KE M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, >ACI5AB2;O5<>5 ?>A@54AB2>< 70:@KB>9 ?>4?8A:8 B>;L:> A@548 0:F8>=5@>2, 5A;8 ?@8 MB>< 0:F8>=5@K 8<5NB 2>7<>6=>ABL ?@8>1@5AB8 F5;>5 G8A;> @07<5I05<KE 0:F89 8 8=KE M<8AA8>==KE F5==KE 1C<03, :>=25@B8@C5<KE 2 0:F88, ?@>?>@F8>=0;L=> :>;8G5AB2C ?@8=04;560I8E 8< 0:F89 A>>B25BAB2CNI59 :0B53>@88 (B8?0). :F8>=5@K  2;045;LFK 3>;>ACNI8E 0:F89 2?@025 B@51>20BL 2K:C?0 0=:>< 2A5E 8;8 G0AB8 ?@8=04;560I8E 8< 0:F89 2 A;CG0OE 8 2 ?>@O4:5, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. :F8>=5@K 0=:0 8<5NB ?@02> ?>;CG0BL 8=D>@<0F8N > 45OB5;L=>AB8 0=:0 2 >1J5<5 8 ?>@O4:5, CAB0=>2;5==>< 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88, =0AB>OI8< #AB02>< 8 2=CB@5==8<8 4>:C<5=B0<8 0=:0. 55AB@ 0:F8>=5@>2. 0=: >1O70= >15A?5G8BL 2545=85 8 E@0=5=85 @55AB@0 0:F8>=5@>2 0=:0 (40;55  @55AB@ 0:F8>=5@>2) 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 A <><5=B0 3>AC40@AB25==>9 @538AB@0F88 0=:0. 5@60B5;5< @55AB@0 0:F8>=5@>2 O2;O5BAO 0=:. 0=: >1O70= ?>@CG8BL 2545=85 8 E@0=5=85 @55AB@0 0:F8>=5@>2 ?@>D5AA8>=0;L=><C CG0AB=8:C @K=:0 F5==KE 1C<03, >ACI5AB2;ONI5<C 45OB5;L=>ABL ?> 2545=8N @55AB@0 2;045;LF52 8<5==KE F5==KE 1C<03 - @538AB@0B>@C 2 CAB0=>2;5==KE 70:>=>< A;CG0OE. 5H5=85 > ?5@540G5 2545=8O @55AB@0 @538AB@0B>@C ?@8=8<05BAO !>25B>< 48@5:B>@>2.  @55AB@5 0:F8>=5@>2 C:07K20NBAO A2545=8O > :064>< 70@538AB@8@>20==>< ;8F5, :>;8G5AB25 8 :0B53>@8OE (B8?0E) 0:F89, 70?8A0==KE =0 8<O :064>3> 70@538AB@8@>20==>3> ;8F0, 8=K5 A2545=8O, ?@54CA<>B@5==K5 ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88. =5A5=85 70?8A8 2 @55AB@ >ACI5AB2;O5BAO ?> B@51>20=8N 0:F8>=5@0 8;8 =><8=0;L=>3> 45@60B5;O 0:F89 =5 ?>74=55 B@5E 4=59 A <><5=B0 ?@54>AB02;5=8O 4>:C<5=B>2, ?@54CA<>B@5==KE 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. 8F>, 70@538AB@8@>20==>5 2 @55AB@5 0:F8>=5@>2, >1O70=> 2 B5G5=85 ?OB8 4=59 8=D>@<8@>20BL 45@60B5;O @55AB@0 0:F8>=5@>2 >1 87<5=5=88 A2>8E 40==KE.  A;CG05 =5?@54AB02;5=8O 8< 8=D>@<0F88 >1 87<5=5=88 A2>8E 40==KE 0=: =5 =5A5B >B25BAB25==>AB8 70 ?@8G8=5==K5 2 A2O78 A MB8< C1KB:8. B:07 >B 2=5A5=8O 70?8A8 2 @55AB@ 0:F8>=5@>2 =5 4>?CA:05BAO, 70 8A:;NG5=85< A;CG052, ?@54CA<>B@5==KE ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88.  A;CG05 >B:070 >B 2=5A5=8O 70?8A8 2 @55AB@ 0:F8>=5@>2 45@60B5;L @55AB@0 0:F8>=5@>2 =5 ?>74=55 ?OB8 4=59 A <><5=B0 ?@54JO2;5=8O B@51>20=8O > 2=5A5=88 70?8A8 2 @55AB@ 0:F8>=5@>2 =0?@02;O5B ;8FC, B@51CNI5<C 2=5A5=8O 70?8A8, <>B828@>20==>5 C254><;5=85 >1 >B:075 >B 2=5A5=8O 70?8A8. B:07 >B 2=5A5=8O 70?8A8 2 @55AB@ 0:F8>=5@>2 <>65B 1KBL >160;>20= 2 AC4. > @5H5=8N AC40 45@60B5;L @55AB@0 >1O70= 2=5AB8 2 @55AB@ A>>B25BAB2CNICN 70?8AL. > B@51>20=8N 0:F8>=5@0 8;8 =><8=0;L=>3> 45@60B5;O 0:F89 45@60B5;L @55AB@0 >1O70= ?>4B25@48BL 53> ?@020 =0 0:F88 ?CB5< 2K40G8 2K?8A:8 87 @55AB@0 0:F8>=5@>2, :>B>@0O =5 O2;O5BAO F5==>9 1C<03>9. 0A?@545;5=85 ?@81K;8 0=:0. $>=4K 0=:0. '8AB0O ?@81K;L 0=:0 (?@81K;L ?>A;5 =0;>3>>1;>65=8O) >AB05BAO 2 @0A?>@O65=88 0=:0 8 ?> @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2 ?5@5G8A;O5BAO 2 @575@2=K9 D>=4, =0?@02;O5BAO =0 D>@<8@>20=85 D>=4>2 0=:0, 8/8;8 @0A?@545;O5BAO <564C 0:F8>=5@0<8 2 2845 482845=4>2, 8/8;8 =0?@02;O5BAO =0 4@C385 F5;8, =5 ?@>B82>@5G0I85 70:>=>40B5;LAB2C >AA89A:>9 $545@0F88. 0=: 2?@025 ?> @57C;LB0B0< ?5@2>3> :20@B0;0, ?>;C3>48O, 452OB8 <5AOF52 D8=0=A>2>3> 3>40 8 (8;8) ?> @57C;LB0B0< D8=0=A>2>3> 3>40 ?@8=8<0BL @5H5=8O (>1JO2;OBL) > 2K?;0B5 482845=4>2 ?> @07<5I5==K< 0:F8O<, 5A;8 8=>5 =5 CAB0=>2;5=> $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. 5H5=85 > 2K?;0B5 (>1JO2;5=88) 482845=4>2 ?> @57C;LB0B0< ?5@2>3> :20@B0;0, ?>;C3>48O 8 452OB8 <5AOF52 D8=0=A>2>3> 3>40 <>65B 1KBL ?@8=OB> 2 B5G5=85 B@5E <5AOF52 ?>A;5 >:>=G0=8O A>>B25BAB2CNI53> ?5@8>40. 5H5=8O > 2K?;0B5 (>1JO2;5=88) 482845=4>2, 2 B>< G8A;5 @5H5=8O > @07<5@5 482845=40 ?> 0:F8O<, ?@8=8<0NBAO 1I8< A>1@0=85< 0:F8>=5@>2. 07<5@ 482845=4>2 =5 <>65B 1KBL 1>;LH5 @5:><5=4>20==>3> !>25B>< 48@5:B>@>2. 82845=4K 2K?;0G820NBAO 45=L30<8. !@>: 8 ?>@O4>: 2K?;0BK 482845=4>2 >?@545;O5BAO @5H5=85< 1I53> A>1@0=8O 0:F8>=5@>2. !@>: 2K?;0BK 482845=4>2 =5 4>;65= ?@52KH0BL 60 ((5AB845AOB8) 4=59 A> 4=O ?@8=OB8O @5H5=8O > 2K?;0B5 482845=4>2. !?8A>: ;8F, 8<5NI8E ?@02> ?>;CG5=8O 482845=4>2, A>AB02;O5BAO =0 40BC A>AB02;5=8O A?8A:0 ;8F, 8<5NI8E ?@02> CG0AB2>20BL 2 1I5< A>1@0=88 0:F8>=5@>2, =0 :>B>@>< ?@8=8<05BAO @5H5=85 > 2K?;0B5 A>>B25BAB2CNI8E 482845=4>2. ;O A>AB02;5=8O A?8A:0 ;8F, 8<5NI8E ?@02> ?>;CG5=8O 482845=4>2, =><8=0;L=K9 45@60B5;L 0:F89 ?@54AB02;O5B 40==K5 > ;8F0E, 2 8=B5@5A0E :>B>@KE >= 2;0455B 0:F8O<8. 0=: =5 2?@025 ?@8=8<0BL @5H5=85 (>1JO2;OBL) > 2K?;0B5 482845=4>2 ?> 0:F8O< 2 A;CG0OE, ?@54CA<>B@5==KE D545@0;L=K<8 70:>=0<8 >AA89A:>9 $545@0F88. 0=: D>@<8@C5B @575@2=K9 D>=4 2 @07<5@5 15 (OB=04F0B8) ?@>F5=B>2 >B CAB02=>3> :0?8B0;0 0=:0. > 4>AB865=8O C:070==>3> @07<5@0 @575@2=>3> D>=40 0=: 5653>4=> ?> @5H5=8N 3>4>2>3> 1I53> A>1@0=8O 0:F8>=5@>2 >BG8A;O5B 2 =53> =5 <5=55 5 (OB8) ?@>F5=B>2 G8AB>9 ?@81K;8. 575@2=K9 D>=4 ?@54=07=0G5= 4;O ?>:@KB8O C1KB:>2 0=:0, 0 B0:65 4;O ?>30H5=8O >1;830F89 0=:0 8 2K:C?0 0:F89 0=:0 2 A;CG05 >BACBAB28O 8=KE A@54AB2 8 =5 <>65B 1KBL 8A?>;L7>20= 4;O 8=KE F5;59. 0=: 8<55B ?@02> D>@<8@>20BL 8=K5 D>=4K 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. 15A?5G5=85 8=B5@5A>2 :;85=B>2. 0=: >15A?5G8205B A>E@0==>ABL 45=56=KE A@54AB2 8 4@C38E F5==>AB59, 225@5==KE 5<C 53> :;85=B0<8 8 :>@@5A?>=45=B0<8. E A>E@0==>ABL 30@0=B8@C5BAO 2A5< 42868<K< 8 =542868<K< 8<CI5AB2>< 0=:0, 53> 45=56=K<8 D>=40<8 8 @575@20<8, A>740205<K<8 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 8 =0AB>OI8< #AB02><, 0 B0:65 >ACI5AB2;O5<K<8 0=:>< 2 ?>@O4:5, CAB0=>2;5==>< 0=:>< >AA88, <5@0<8 ?> >15A?5G5=8N AB018;L=>AB8 D8=0=A>2>3> ?>;>65=8O 0=:0 8 53> ;8:284=>AB8. 0=: ?>AB>O==> ?>445@68205B 3>B>2=>ABL A2>52@5<5==> 8 ?>;=>ABLN 2K?>;=OBL ?@8=OBK5 =0 A51O >1O70B5;LAB20 ?CB5< @53C;8@>20=8O AB@C:BC@K A2>53> 10;0=A0 2 A>>B25BAB288 A CAB0=02;8205<K<8 0=:>< >AA88 >1O70B5;L=K<8 =>@<0B820<8, ?@54CA<>B@5==K<8 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 4;O :@548B=KE >@30=870F89. 0=: 45?>=8@C5B 2 0=:5 >AA88 2 CAB0=>2;5==KE 8< @07<5@0E 8 ?>@O4:5 G0ABL ?@82;5G5==KE 45=56=KE A@54AB2 2 >1O70B5;L=K5 @575@2K, 0 B0:65 D>@<8@C5B D>=4K 8 @575@2K 2 A>>B25BAB288 A ?@028;0<8 8 =>@<0B820<8 0=:0 >AA88. 0 45=56=K5 A@54AB20 8 8=K5 F5==>AB8 N@848G5A:8E 8 D878G5A:8E ;8F, =0E>4OI85AO =0 AG5B0E, 2> 2:;040E 8;8 =0 E@0=5=88 2 0=:5, <>65B 1KBL =0;>65= 0@5AB 8;8 >1@0I5=> 27KA:0=85 B>;L:> 2 A;CG0OE 8 ?>@O4:5, ?@54CA<>B@5==KE D545@0;L=K<8 70:>=0<8 >AA89A:>9 $545@0F88. 0=: 30@0=B8@C5B B09=C ?> >?5@0F8O<, AG5B0< 8 2:;040< A2>8E :;85=B>2 8 :>@@5A?>=45=B>2. !?@02:8 ?> >?5@0F8O< 8 AG5B0< N@848G5A:8E ;8F 8 3@0640=, >ACI5AB2;ONI8E ?@54?@8=8<0B5;LA:CN 45OB5;L=>ABL 157 >1@07>20=8O N@848G5A:>3> ;8F0, 2K40NBAO 0=:>< 8< A0<8<, AC40< 8 0@18B@06=K< AC40< (AC4LO<), !G5B=>9 ?0;0B5 >AA89A:>9 $545@0F88, =0;>3>2K< >@30=0<, B0<>65==K< >@30=0< >AA89A:>9 $545@0F88 2 A;CG0OE, ?@54CA<>B@5==KE 70:>=>40B5;L=K<8 0:B0<8 >1 8E 45OB5;L=>AB8, 0 ?@8 =0;8G88 A>3;0A8O ?@>:C@>@0 - >@30=0< ?@5420@8B5;L=>3> A;54AB28O ?> 45;0<, =0E>4OI8<AO 2 8E ?@>872>4AB25.  A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 A?@02:8 ?> >?5@0F8O< 8 AG5B0< N@848G5A:8E ;8F 8 3@0640=, >ACI5AB2;ONI8E ?@54?@8=8<0B5;LA:CN 45OB5;L=>ABL 157 >1@07>20=8O N@848G5A:>3> ;8F0, 2K40NBAO 0=:>< >@30=0< 2=CB@5==8E 45; ?@8 >ACI5AB2;5=88 8<8 DC=:F89 ?> 2KO2;5=8N, ?@54C?@5645=8N 8 ?@5A5G5=8N =0;>3>2KE ?@5ABC?;5=89. !?@02:8 ?> AG5B0< 8 2:;040< D878G5A:8E ;8F 2K40NBAO 0=:>< 8< A0<8<, AC40<, >@30=870F88, >ACI5AB2;ONI59 DC=:F88 ?> >1O70B5;L=><C AB@0E>20=8N 2:;04>2, ?@8 =0ABC?;5=88 AB@0E>2KE A;CG052, ?@54CA<>B@5==KE D545@0;L=K< 70:>=>< > AB@0E>20=88 2:;04>2 D878G5A:8E ;8F 2 10=:0E >AA89A:>9 $545@0F88, 0 ?@8 =0;8G88 A>3;0A8O ?@>:C@>@0 - >@30=0< ?@5420@8B5;L=>3> A;54AB28O ?> 45;0<, =0E>4OI8<AO 2 8E ?@>872>4AB25. !?@02:8 ?> AG5B0< 8 2:;040< 2 A;CG05 A<5@B8 8E 2;045;LF52 2K40NBAO 0=:>< ;8F0<, C:070==K< 2;045;LF5< AG5B0 8;8 2:;040 2 A45;0==>< 0=:>< 7025I0B5;L=>< @0A?>@O65=88, =>B0@80;L=K< :>=B>@0< ?> =0E>4OI8<AO 2 8E ?@>872>4AB25 =0A;54AB25==K< 45;0< > 2:;040E C<5@H8E 2:;04G8:>2, 0 2 >B=>H5=88 AG5B>2 8=>AB@0==KE 3@0640= - 8=>AB@0==K< :>=AC;LA:8< CG@5645=8O<. =D>@<0F8O ?> >?5@0F8O< N@848G5A:8E ;8F, 3@0640=, >ACI5AB2;ONI8E ?@54?@8=8<0B5;LA:CN 45OB5;L=>ABL 157 >1@07>20=8O N@848G5A:>3> ;8F0, 8 D878G5A:8E ;8F ?@54>AB02;O5BAO 0=:>< 2 C?>;=><>G5==K9 >@30=, >ACI5AB2;ONI89 <5@K ?> ?@>B82>459AB28N ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 2 A;CG0OE, ?>@O4:5 8 >1J5<5, :>B>@K5 ?@54CA<>B@5=K $545@0;L=K< 70:>=><  ?@>B82>459AB288 ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<. A5 A>B@C4=8:8 0=:0, G;5=K 53> >@30=>2 C?@02;5=8O, 53> 0:F8>=5@K 8 8E ?@54AB028B5;8, 0C48B>@K, G;5=K 52878>==>9 :><8AA88 ( 5287>@) 0=:0 >1O70=K AB@>3> A>1;N40BL B09=C ?> >?5@0F8O<, AG5B0< 8 2:;040< :;85=B>2 0=:0 8 53> :>@@5A?>=45=B>2, 0 B0:65 :><<5@G5A:CN 8 A;C651=CN B09=C 0=:0. 5@5G5=L 8=D>@<0F88, A>AB02;ONI59 :><<5@G5A:CN B09=C 0=:0, >?@545;O5BAO @02;5=85< 0=:0 (2 40;L=59H5< 8<5=C5<K< @02;5=85). =D>@<0F8O, A>740==0O, ?@8>1@5B5==0O 8 =0:>?;5==0O 2 ?@>F5AA5 45OB5;L=>AB8 0=:0, 0 B0:65 4@C30O 8=D>@<0F8O, =0E>4OI0OAO 2 0=:5 =0 1C<06=KE, <03=8B=KE 8 4@C38E 2840E 55 =>A8B5;59 8 >B=5A5==0O @02;5=85< : :><<5@G5A:>9 B09=5, =5 ?>4;568B ?@>4065, ?5@540G5, :>?8@>20=8N, @07<=>65=8N, >1<5=C 8 8=><C @0A?@>AB@0=5=8N 8 B8@068@>20=8N 2 ;N1>9 D>@<5 157 A>3;0A8O @02;5=8O 8;8 C?>;=><>G5==KE @02;5=85< 4>;6=>AB=KE ;8F 0=:0. >@O4>: @01>BK A 8=D>@<0F859, >B=5A5==>9 : :><<5@G5A:>9 B09=5 0=:0, 8 >B25BAB25==>ABL 70 =0@CH5=85 ?>@O4:0 @01>BK A =59 CAB0=02;820NBAO @02;5=85<. #G5B 8 >BG5B=>ABL 0=:0. 545=85 1CE30;B5@A:>3> CG5B0 8 ?@54>AB02;5=85 D8=0=A>2>9 >BG5B=>AB8 0=:0 >ACI5AB2;O5BAO 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88, 2 B>< G8A;5 2 A>>B25BAB288 A ?@02>2K<8 0:B0<8 0=:0 >AA88, 0 B0:65 2=CB@5==8<8 4>:C<5=B0<8 0=:0 A CG5B>< <564C=0@>4=>9 10=:>2A:>9 ?@0:B8:8. B>38 45OB5;L=>AB8 0=:0 >B@060NBAO 2 565<5AOG=KE, :20@B0;L=KE 8 3>4>2KE 1CE30;B5@A:8E 10;0=A0E, 2 >BG5B5 > ?@81K;OE 8 C1KB:0E, 0 B0:65 2 3>4>2>< >BG5B5. >AB>25@=>ABL 40==KE, A>45@60I8EAO 2 3>4>2>9 1CE30;B5@A:>9 >BG5B=>AB8 4>;6=0 1KBL ?>4B25@645=0 52878>==>9 :><8AA859 ( 5287>@><) 8 0C48B>@>< 0=:0. 0=: ?C1;8:C5B 8=D>@<0F8N, >B=>AOICNAO : M<8B8@C5<K< 8< F5==K< 1C<030<, 2 >1J5<5, 2 A@>:8 8 2 ?>@O4:5, >?@545;5==K5 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. $8=0=A>2K9 3>4 0=:0 =0G8=05BAO 1 O=20@O 8 70:0=G8205BAO 31 45:01@O. !B@C:BC@0 >@30=>2 C?@02;5=8O 0=:><. KAH8< >@30=>< C?@02;5=8O 0=:0 O2;O5BAO 1I55 A>1@0=85 0:F8>=5@>2. 1I55 @C:>2>4AB2> 45OB5;L=>ABLN 0=:0 >ACI5AB2;O5BAO !>25B>< 48@5:B>@>2. C:>2>4AB2> B5:CI59 45OB5;L=>ABLN 0=:0 >ACI5AB2;O5BAO :>;;5380;L=K< 8A?>;=8B5;L=K< >@30=>< - @02;5=85< 8 548=>;8G=K< 8A?>;=8B5;L=K< >@30=>< - @54A540B5;5< @02;5=8O. 1I55 A>1@0=85 0:F8>=5@>2. 0=: 5653>4=> ?@>2>48B 3>4>2>5 1I55 A>1@0=85 0:F8>=5@>2, =0 :>B>@>< @5H0NBAO 2>?@>AK >1 871@0=88 !>25B0 48@5:B>@>2 8 52878>==>9 :><8AA88 ( 5287>@0), >1 CB25@645=88 0C48B>@0 0=:0, >1 CB25@645=88 3>4>2KE >BG5B>2, 3>4>2>9 1CE30;B5@A:>9 >BG5B=>AB8, 2 B>< G8A;5 >BG5B>2 > ?@81K;OE 8 C1KB:0E (AG5B>2 ?@81K;59 8 C1KB:>2) 0=:0, 0 B0:65 @0A?@545;5=85 ?@81K;8 (2 B>< G8A;5 2K?;0B0 (>1JO2;5=85) 482845=4>2, 70 8A:;NG5=85< ?@81K;8, @0A?@545;5==>9 2 :0G5AB25 482845=4>2 ?> @57C;LB0B0< ?5@2>3> :20@B0;0, ?>;C3>48O, 452OB8 <5AOF52 D8=0=A>2>3> 3>40) 8 C1KB:>2 0=:0 ?> @57C;LB0B0< D8=0=A>2>3> 3>40, 0 B0:65 <>3CB @5H0BLAO 8=K5 2>?@>AK, >B=5A5==K5 : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2. >4>2>5 1I55 A>1@0=85 0:F8>=5@>2 ?@>2>48BAO =5 @0=55 G5< G5@57 420 <5AOF0 8 =5 ?>74=55 G5< G5@57 H5ABL <5AOF52 ?>A;5 >:>=G0=8O D8=0=A>2>3> 3>40.  :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2 >B=>A8BAO @5H5=85 A;54CNI8E 2>?@>A>2: 2=5A5=85 87<5=5=89 8 4>?>;=5=89 2 #AB02 0=:0 8;8 CB25@645=85 #AB020 0=:0 2 =>2>9 @540:F88; @5>@30=870F8O 0=:0; ;8:2840F8O 0=:0, =07=0G5=85 ;8:2840F8>==>9 :><8AA88 8 CB25@645=85 ?@><56CB>G=>3> 8 >:>=G0B5;L=>3> ;8:2840F8>==KE 10;0=A>2; >?@545;5=85 :>;8G5AB25==>3> A>AB020 !>25B0 48@5:B>@>2, 871@0=85 53> G;5=>2 8 4>A@>G=>5 ?@5:@0I5=85 8E ?>;=><>G89; >?@545;5=85 :>;8G5AB20, =><8=0;L=>9 AB>8<>AB8, :0B53>@88 (B8?0) >1JO2;5==KE 0:F89 8 ?@02, ?@54>AB02;O5<KE MB8<8 0:F8O<8; C25;8G5=85 CAB02=>3> :0?8B0;0 0=:0 ?CB5< C25;8G5=8O =><8=0;L=>9 AB>8<>AB8 0:F89 8;8 ?CB5< @07<5I5=8O 4>?>;=8B5;L=KE 0:F89; C<5=LH5=85 CAB02=>3> :0?8B0;0 0=:0 ?CB5< C<5=LH5=8O =><8=0;L=>9 AB>8<>AB8 0:F89, ?CB5< ?@8>1@5B5=8O 0=:>< G0AB8 0:F89 2 F5;OE A>:@0I5=8O 8E >1I53> :>;8G5AB20, 0 B0:65 ?CB5< ?>30H5=8O ?@8>1@5B5==KE 8;8 2K:C?;5==KE 0=:>< 0:F89; 871@0=85 G;5=>2 52878>==>9 :><8AA88 ( 5287>@0) 0=:0 8 4>A@>G=>5 ?@5:@0I5=85 8E ?>;=><>G89; CB25@645=85 0C48B>@0 0=:0; 2K?;0B0 (>1JO2;5=85) 482845=4>2 ?> @57C;LB0B0< ?5@2>3> :20@B0;0, ?>;C3>48O, 452OB8 <5AOF52 D8=0=A>2>3> 3>40; CB25@645=85 3>4>2KE >BG5B>2, 3>4>2>9 1CE30;B5@A:>9 >BG5B=>AB8, 2 B>< G8A;5 >BG5B>2 > ?@81K;OE 8 >1 C1KB:0E (AG5B>2 ?@81K;59 8 C1KB:>2) 0=:0, 0 B0:65 @0A?@545;5=85 ?@81K;8 (2 B>< G8A;5 2K?;0B0 (>1JO2;5=85) 482845=4>2, 70 8A:;NG5=85< ?@81K;8, @0A?@545;5==>9 2 :0G5AB25 482845=4>2 ?> @57C;LB0B0< ?5@2>3> :20@B0;0, ?>;C3>48O, 452OB8 <5AOF52 D8=0=A>2>3> 3>40) 8 C1KB:>2 0=:0 ?> @57C;LB0B0< D8=0=A>2>3> 3>40; >?@545;5=85 ?>@O4:0 2545=8O 1I53> A>1@0=8O 0:F8>=5@>2; 871@0=85 G;5=>2 AG5B=>9 :><8AA88 8 4>A@>G=>5 ?@5:@0I5=85 8E ?>;=><>G89; 4@>1;5=85 8 :>=A>;840F8O 0:F89; ?@8=OB85 @5H5=89 >1 >4>1@5=88 A45;>:, 2 A>25@H5=88 :>B>@KE 8<55BAO 708=B5@5A>20==>ABL 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8=OB85 @5H5=89 >1 >4>1@5=88 :@C?=KE A45;>: 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8>1@5B5=85 0=:>< @07<5I5==KE 0:F89 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8=OB85 @5H5=8O >1 CG0AB88 2 D8=0=A>2>-?@><KH;5==KE 3@C??0E, 0AA>F80F8OE 8 8=KE >1J548=5=8OE :><<5@G5A:8E >@30=870F89; CB25@645=85 2=CB@5==8E 4>:C<5=B>2, @53C;8@CNI8E 45OB5;L=>ABL >@30=>2 0=:0: >;>65=8O > !>25B5 48@5:B>@>2, >;>65=8O >1 8A?>;=8B5;L=KE >@30=0E, >;>65=8O > 52878>==>9 :><8AA88 ( 5287>@5) 0=:0. @5H5=85 8=KE 2>?@>A>2, >B=5A5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2. >?@>AK, >B=5A5==K5 : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2, =5 <>3CB 1KBL ?5@540=K =0 @5H5=85 !>25BC 48@5:B>@>2, 70 8A:;NG5=85< 2>?@>A>2 ?@54CA<>B@5==KE =0AB>OI8< #AB02><. >?@>AK, >B=5A5==K5 : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2 =5 <>3CB 1KBL ?5@540=K =0 @5H5=85 @02;5=8O 8 @54A540B5;O @02;5=8O. 0 1I5< A>1@0=88 0:F8>=5@>2 ?@54A540B5;LAB2C5B 8718@05<K9 1I8< A>1@0=85< 0:F8>=5@>2 ?@54A540B5;L 1I53> A>1@0=8O 0:F8>=5@>2. 5H5=85 1I53> A>1@0=8O 0:F8>=5@>2 ?> 2>?@>AC, ?>AB02;5==><C =0 3>;>A>20=85, 2 B>< G8A;5 ?> ?>@O4:C 2545=8O 1I53> A>1@0=8O 0:F8>=5@>2, ?@8=8<05BAO 1>;LH8=AB2>< 3>;>A>2 0:F8>=5@>2  2;045;LF52 3>;>ACNI8E 0:F89 0=:0, ?@8=8<0NI8E CG0AB85 2 A>1@0=88, 5A;8 4;O ?@8=OB8O @5H5=8O =0AB>OI8< #AB02>< 8 $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E =5 CAB0=>2;5=> 8=>5. 5H5=85 ?> 2>?@>A0<, C:070==K< 2 ?>4?C=:B0E  REF _Ref145125759 \r \h  \* MERGEFORMAT 12.2.1 -  REF _Ref145125779 \r \h  \* MERGEFORMAT 12.2.3,  REF _Ref145125835 \r \h  \* MERGEFORMAT 12.2.5,  REF _Ref145125892 \r \h  \* MERGEFORMAT 12.2.17 =0AB>OI53> #AB020, ?@8=8<05BAO 1I8< A>1@0=85< 0:F8>=5@>2 1>;LH8=AB2>< 2 B@8 G5B25@B8 3>;>A>2 0:F8>=5@>2  2;045;LF52 3>;>ACNI8E 0:F89, ?@8=8<0NI8E CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2. 5H5=85 ?> 2>?@>A0<, C:070==K< 2 ?>4?C=:B0E  REF _Ref145125934 \r \h  \* MERGEFORMAT 12.2.2,  REF _Ref145125956 \r \h  \* MERGEFORMAT 12.2.6,  REF _Ref145125974 \r \h  \* MERGEFORMAT 12.2.14 -  REF _Ref145125997 \r \h  \* MERGEFORMAT J    2 4 b d f  >@Bvxz¨•͕~͕qW•͕2jhe6-he6->*B*UmHnHphuhe6-CJaJmHnHu,jQhe6->*B*UmHnHphu$he6-0J>*B*mHnHphu2jdhe6-he6->*B*UmHnHphuhe6-0JmHnHujhe6-0JUmHnHujhe6-5U he6-5 he6-;@<he6-5CJaJhe6-J @ , ~ 0 2 4 6 8 $ a$gde6-Nkd$$Ifl0&  t'644 laP$IfK8 : < > @ B D F H J V       " $ & ( * , $a$gde6-gde6-$a$gde6- $ a$gde6- $ a$gde6-, . D |  b^bgde6- $b^ba$gde6- $ a$gde6-   0 2 82h0 "0$%')r+v++,gde6-gde6- % gde6- gde6- $ a$gde6-HJL,ٹٮٮ}ٹٮcVhe6-0J\mHnHu2jhe6-he6->*B*UmHnHphu,j%he6->*B*UmHnHphu2j8he6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,jhe6->*B*UmHnHphu,.0268:hjl&(*,024bdfٹٮهpٹٮVٮ2jvhe6-he6->*B*UmHnHphu,jhe6->*B*UmHnHphuhe6-0J\mHnHu2j he6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,jhe6->*B*UmHnHphuHJL$&(\ٹٮهpٹٮVه2jJ he6-he6->*B*UmHnHphu,j he6->*B*UmHnHphuhe6-0J\mHnHu2jhe6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,jche6->*B*UmHnHphu\^`bfhj$&(*.02`bdٹٮهpٹٮVه2j he6-he6->*B*UmHnHphu,j he6->*B*UmHnHphuhe6-0J\mHnHu2j he6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,j7 he6->*B*UmHnHphu  | ~ !!!<">"@"t"ٹٮهpٹٮVه2jhe6-he6->*B*UmHnHphu,juhe6->*B*UmHnHphuhe6-0J\mHnHu2jhe6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,j he6->*B*UmHnHphut"v"x"z"~"""######"$$$&$*$.$0$2$`%b%d%%%%%%%%ٹٮٮ}ٹٮcٮL,jhe6->*B*UmHnHphu2jhe6-he6->*B*UmHnHphu,jIhe6->*B*UmHnHphu2j\he6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHu$he6-0J>*B*mHnHphujhe6-0JUmHnHu,jhe6->*B*UmHnHphu%%%%&'('*'~''''''''''(((N)P)R))))))))*ؾثzmV,jhe6->*B*UmHnHphuhe6-0J\mHnHu2jhe6-he6->*B*UmHnHphu,jhe6->*B*UmHnHphu$he6-0J>*B*mHnHphu2j0he6-he6->*B*UmHnHphuhe6-0JmHnHuhe6-CJaJmHnHujhe6-0JUmHnHu***,+.+0+d+f+h+l+p+r+t+x+.....P/00XY ]"hh^in"\ɶֶֶ֒wwwwrjrjjdddd he6-aJhe6-B*ph he6-\he6-mH sH he6- he6-5jhe6-5Uhe6-CJaJmHnHu,jhe6->*B*UmHnHphu$he6-0J>*B*mHnHphuhe6-0J\mHnHujhe6-0JUmHnHu2jhe6-he6->*B*UmHnHphu&,-.P//80024678;(>d?ABBCDrDPE8FFGH`IIgde6-gde6-gde6-gde6-IJKKL@MNO6P`PPQ&VWWXY[ ]B_H`cve"hh^ilngde6-gde6-gde6-gde6-noqsvwx y4zD{|}~Ă"ΌjbВ@gde6-gde6-gde6-gde6-@"̟&ԩNЯ$ܲ $:|bgde6-gde6-gde6-̟Я$ܲ|4~ j:<>JLRT$&*,`b"jbhe6-Ujhe6-Ujhhe6-Ujhe6-Ujnhe6-Ujhe6-Uhe6-mHnHu he6-\he6-B*phhe6-\mHnHuhe6- he6-CJ\6<r22zJr4~ j,gde6-gde6-gde6-gde6-Zl`V   AA$Cgde6-gde6-gde6-gde6-"$&248:@@@@(cLcrt:̞ΞTV" "(B8CF(GKKhEvhe6-\mHnHuhe6-B*phhe6-B*ph he6-\he6-mHnHuUjhe6-Uj\he6-Uhe6-jhe6-Ujhe6-U+12.2.19 =0AB>OI53> #AB020, ?@8=8<05BAO 1I8< A>1@0=85< 0:F8>=5@>2 ?> ?@54;>65=8N !>25B0 48@5:B>@>2 8;8 0:F8>=5@>2 (0:F8>=5@0), O2;ONI8EAO 2 A>2>:C?=>AB8 2;045;LF0<8 =5 <5=55 G5< 10 ?@>F5=B>2 3>;>ACNI8E 0:F89 0=:0. 1I55 A>1@0=85 0:F8>=5@>2 =5 2?@025: @0AA<0B@820BL 8 ?@8=8<0BL @5H5=8O ?> 2>?@>A0<, =5 >B=5A5==K< : 53> :><?5B5=F88 =0AB>OI8< #AB02>< 8 $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8=8<0BL @5H5=8O ?> 2>?@>A0<, =5 2:;NG5==K< 2 ?>25AB:C 4=O A>1@0=8O, 0 B0:65 87<5=OBL ?>25AB:C 4=O A>1@0=8O. !?8A>: ;8F, 8<5NI8E ?@02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2, A>AB02;O5BAO =0 >A=>20=88 40==KE @55AB@0 0:F8>=5@>2. 0B0 A>AB02;5=8O A?8A:0 ;8F, 8<5NI8E ?@02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2, CAB0=02;8205BAO 2 A>>B25BAB288 A B@51>20=8O<8 $545@0;L=>3> 70:>=0 1 0:F8>=5@=KE >1I5AB20E. @02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2 >ACI5AB2;O5BAO 0:F8>=5@>< :0: ;8G=>, B0: 8 G5@57 A2>53> ?@54AB028B5;O. @8 ?>43>B>2:5 : ?@>2545=8N 1I53> A>1@0=8O 0:F8>=5@>2 !>25B 48@5:B>@>2 >?@545;O5B: D>@<C ?@>2545=8O >1I53> A>1@0=8O 0:F8>=5@>2 (A>1@0=85 8;8 70>G=>5 3>;>A>20=85); 40BC, <5AB>, 2@5<O ?@>2545=8O 1I53> A>1@0=8O 0:F8>=5@>2 8 2 A;CG05, :>340 2 A>>B25BAB288 A $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E 70?>;=5==K5 1N;;5B5=8 <>3CB 1KBL =0?@02;5=K 0=:C, ?>GB>2K9 04@5A, ?> :>B>@><C <>3CB =0?@02;OBLAO 70?>;=5==K5 1N;;5B5=8, ;81> 2 A;CG05 ?@>2545=8O 1I53> A>1@0=8O 0:F8>=5@>2 2 D>@<5 70>G=>3> 3>;>A>20=8O 40BC >:>=G0=8O ?@85<0 1N;;5B5=59 4;O 3>;>A>20=8O 8 ?>GB>2K9 04@5A, ?> :>B>@><C 4>;6=K =0?@02;OBLAO 70?>;=5==K5 1N;;5B5=8; 40BC A>AB02;5=8O A?8A:0 ;8F, 8<5NI8E ?@02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2; ?>25AB:C 4=O 1I53> A>1@0=8O 0:F8>=5@>2; ?>@O4>: A>>1I5=8O 0:F8>=5@0< > ?@>2545=88 1I53> A>1@0=8O 0:F8>=5@>2; ?5@5G5=L 8=D>@<0F88 (<0B5@80;>2), ?@54>AB02;O5<>9 0:F8>=5@0< ?@8 ?>43>B>2:5 : ?@>2545=8N 1I53> A>1@0=8O 0:F8>=5@>2, 8 ?>@O4>: 55 ?@54>AB02;5=8O; D>@<C 8 B5:AB 1N;;5B5=O 4;O 3>;>A>20=8O 2 A;CG05 3>;>A>20=8O 1N;;5B5=O<8. 5H5=85 1I53> A>1@0=8O 0:F8>=5@>2 <>65B 1KBL ?@8=OB> 157 ?@>2545=8O A>1@0=8O (A>2<5AB=>3> ?@8ACBAB28O 0:F8>=5@>2 4;O >1AC645=8O 2>?@>A>2 ?>25AB:8 4=O 8 ?@8=OB8O @5H5=89 ?> 2>?@>A0<, ?>AB02;5==K< =0 3>;>A>20=85) ?CB5< ?@>2545=8O 70>G=>3> 3>;>A>20=8O. 1I55 A>1@0=85 0:F8>=5@>2, ?>25AB:0 4=O :>B>@>3> 2:;NG05B 2>?@>AK >1 871@0=88 !>25B0 48@5:B>@>2, 52878>==>9 :><8AA88 ( 5287>@0) 0=:0, CB25@645=88 0C48B>@0, 0 B0:65 2>?@>AK, ?@54CA<>B@5==K5 ?>4?C=:B>< 11 ?C=:B0 12.2. =0AB>OI53> #AB020, =5 <>65B ?@>2>48BLAO 2 D>@<5 70>G=>3> 3>;>A>20=8O. 1I55 A>1@0=85 0:F8>=5@>2 ?@02><>G=> (8<55B :2>@C<), 5A;8 2 =5< ?@8=O;8 CG0AB85 0:F8>=5@K, >1;040NI85 2 A>2>:C?=>AB8 1>;55 G5< ?>;>28=>9 3>;>A>2 @07<5I5==KE 3>;>ACNI8E 0:F89 0=:0. >;>A>20=85 =0 1I5< A>1@0=88 0:F8>=5@>2 >ACI5AB2;O5BAO ?> ?@8=F8?C >4=0 3>;>ACNI0O 0:F8O 0=:0  >48= 3>;>A, 70 8A:;NG5=85< ?@>2545=8O :C<C;OB82=>3> 3>;>A>20=8O 2 A;CG0OE, ?@54CA<>B@5==KE ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88 8 =0AB>OI8< #AB02><. !>>1I5=85 > ?@>2545=88 1I53> A>1@0=8O 0:F8>=5@>2 =0?@02;O5BAO :064><C ;8FC, C:070==><C 2 A?8A:5 ;8F, 8<5NI8E ?@02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2, 70:07=K< ?8AL<>< 8;8 2@CG05BAO ?>4 @>A?8AL =5 ?>74=55 G5< 70 20 4=59, 0 A>>1I5=85 > ?@>2545=88 1I53> A>1@0=8O 0:F8>=5@>2, ?>25AB:0 4;O :>B>@>3> A>45@68B 2>?@>A > @5>@30=870F88 0=:0,  =5 ?>74=55 G5< 70 30 4=59 4> 40BK 53> ?@>2545=8O.  A;CG05, 5A;8 ?@54?>;0305<0O ?>25AB:0 4=O 2=5>G5@54=>3> 1I53> A>1@0=8O 0:F8>=5@>2 A>45@68B 2>?@>A >1 871@0=88 G;5=>2 !>25B0 48@5:B>@>2, :>B>@K5 4>;6=K 8718@0BLAO :C<C;OB82=K< 3>;>A>20=85<, A>>1I5=85 > ?@>2545=88 2=5>G5@54=>3> 1I53> A>1@0=8O 0:F8>=5@>2 4>;6=> 1KBL A45;0=> =5 ?>74=55 G5< 70 70 4=59 4> 40BK 53> ?@>2545=8O. :F8>=5@K, O2;ONI85AO 2 A>2>:C?=>AB8 2;045;LF0<8 =5 <5=55 G5< 2 ?@>F5=B>2 3>;>ACNI8E 0:F89 0=:0, =5 ?>74=55 G5< G5@57 30 4=59 ?>A;5 >:>=G0=8O D8=0=A>2>3> 3>40 2?@025 2=5AB8 2>?@>AK 2 ?>25AB:C 4=O 3>4>2>3> 1I53> A>1@0=8O 0:F8>=5@>2 8 2K428=CBL :0=4840B>2 2 !>25B 48@5:B>@>2, 52878>==CN :><8AA8N ( 5287>@K), !G5B=CN :><8AA8N 0=:0 G8A;> :>B>@KE =5 <>65B ?@52KH0BL :>;8G5AB25==K9 A>AB02 A>>B25BAB2CNI53> >@30=0. @>B>:>; 1I53> A>1@0=8O 0:F8>=5@>2 A>AB02;O5BAO =5 ?>74=55 15 4=59 ?>A;5 70:@KB8O 1I53> A>1@0=8O 0:F8>=5@>2 2 42CE M:75<?;O@0E. 10 M:75<?;O@0 ?>4?8AK20NBAO ?@54A540B5;LAB2CNI8< =0 1I5< A>1@0=88 0:F8>=5@>2 8 A5:@5B0@5< 1I53> A>1@0=8O 0:F8>=5@>2.  ?@>B>:>;5 1I53> A>1@0=8O 0:F8>=5@>2 4>;6=K A>45@60BLAO >A=>2=K5 ?>;>65=8O 2KABC?;5=89, 2>?@>AK, ?>AB02;5==K5 =0 3>;>A>20=85, 8 8B>38 3>;>A>20=8O ?> =8<, @5H5=8O, ?@8=OBK5 A>1@0=85<. !>25B 48@5:B>@>2. !>25B 48@5:B>@>2 >ACI5AB2;O5B >1I55 @C:>2>4AB2> 45OB5;L=>ABLN 0=:0, 70 8A:;NG5=85< @5H5=8O 2>?@>A>2, >B=5A5==KE : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2 8 8A?>;=8B5;L=KE >@30=>2 0=:0.  :><?5B5=F88 !>25B0 48@5:B>@>2 >B=>AOBAO A;54CNI85 2>?@>AK: >?@545;5=85 ?@8>@8B5B=KE =0?@02;5=89 45OB5;L=>AB8 0=:0; A>7K2 3>4>2>3> 8 2=5>G5@54=>3> 1I8E A>1@0=89 0:F8>=5@>2, 70 8A:;NG5=85< A;CG052, ?@54CA<>B@5==KE ?C=:B>< 8 AB0BL8 55 $545@0;L=>3> 70:>=0 1 0:F8>=5@=KE >1I5AB20E; CB25@645=85 ?>25AB:8 4=O 1I53> A>1@0=8O 0:F8>=5@>2; >?@545;5=85 40BK A>AB02;5=8O A?8A:0 ;8F, 8<5NI8E ?@02> =0 CG0AB85 2 1I5< A>1@0=88 0:F8>=5@>2, 8 4@C385 2>?@>AK, >B=5A5==K5 : :><?5B5=F88 !>25B0 48@5:B>@>2 2 A>>B25BAB288 A ?>;>65=8O<8 3;02K VII $545@0;L=>3> 70:>=0 1 0:F8>=5@=KE >1I5AB20E 8 A2O70==K5 A ?>43>B>2:>9 8 ?@>2545=85< 1I53> A>1@0=8O 0:F8>=5@>2; CB25@645=85 @5H5=8O > 2K?CA:5 (4>?>;=8B5;L=>< 2K?CA:5) M<8AA8>==KE F5==KE 1C<03, ?@>A?5:B0 F5==KE 1C<03, >BG5B0 >1 8B>30E 2K?CA:0 (4>?>;=8B5;L=>3> 2K?CA:0) M<8AA8>==KE F5==KE 1C<03; @07<5I5=85 0=:>< >1;830F89 8 8=KE M<8AA8>==KE F5==KE 1C<03 2 A;CG0OE, ?@54CA<>B@5==KE =0AB>OI8< #AB02><; >?@545;5=85 F5=K (45=56=>9 >F5=:8) 8<CI5AB20, F5=K @07<5I5=8O 8 2K:C?0 M<8AA8>==KE F5==KE 1C<03 0=:0 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8>1@5B5=85 @07<5I5==KE 0=:>< 0:F89, >1;830F89 8 8=KE F5==KE 1C<03 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; >1@07>20=85 @02;5=8O, =07=0G5=85 @54A540B5;O @02;5=8O 8 53> 70<5AB8B5;59, 4>A@>G=>5 ?@5:@0I5=85 8E ?>;=><>G89; @5:><5=40F88 ?> @07<5@C 2K?;0G8205<KE G;5=0< 52878>==>9 :><8AA88 ( 5287>@C) 2>7=03@0645=89 8 :><?5=A0F89 8 >?@545;5=85 @07<5@0 >?;0BK CA;C3 0C48B>@0; @5:><5=40F88 ?> @07<5@C 482845=40 ?> 0:F8O< 8 ?>@O4:C 53> 2K?;0BK; 8A?>;L7>20=85 @575@2=>3> D>=40 8 8=KE D>=4>2 0=:0; CB25@645=85 A<5BK @0AE>4>2 (1N465B0) 0=:0 =0 ?;0=8@C5<K9 D8=0=A>2K9 3>4; CB25@645=85 ?;0=0 @01>BK 0=:0 (187=5A-?;0=0) 8 >BG5B0 >1 8B>30E 53> 8A?>;=5=8O; CB25@645=85 ?>;8B8: C?@02;5=8O @8A:0<8 10=:>2A:>9 45OB5;L=>AB8 ?> >?5@0F8O< 8 A45;:0<, ?@>2>48<K< 0=:><, 0 B0:65 >ACI5AB2;5=8O :>=B@>;O 70 @07@01>B:>9 8A?>;=8B5;L=K<8 >@30=0<8 ?@028; 8 ?@>F54C@, =5>1E>48<KE 4;O A>1;N45=8O MB8E ?>;8B8:; ?@8=OB85 @5H5=89 > A>740=88 D8;80;>2 8 >1 >B:@KB88 ?@54AB028B5;LAB2 0=:0 8 8E ;8:2840F88, CB25@645=85 ?>;>65=89 > =8E, 0 B0:65 2=5A5=85 2 #AB02 0=:0 87<5=5=89, A2O70==KE A >B:@KB85< D8;80;>2 8 ?@54AB028B5;LAB2 0=:0 8 8E ;8:2840F859; >4>1@5=85 :@C?=KE A45;>: 8 A45;>:, 2 A>25@H5=88 :>B>@KE 8<55BAO 708=B5@5A>20==>ABL 2 A;CG0OE, ?@54CA<>B@5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E; ?@8=OB85 @5H5=8O >1 CG0AB88 0=:0 2 =5:><<5@G5A:8E >@30=870F8OE, 70 8A:;NG5=85< CG0AB8O 2 0AA>F80F8OE 8 8=KE >1J548=5=8OE :><<5@G5A:8E >@30=870F89; ?@8=OB85 @5H5=8O > A>25@H5=88 0=:>< A45;>:, A2O70==KE A ?@8>1@5B5=85<, >BGC645=85< 8;8 2>7<>6=>ABLN >BGC645=8O 1>;55 5 ?@>F5=B>2 0:F89 (4>;59 2 CAB02=>< :0?8B0;5) :><<5@G5A:>9 >@30=870F88; ?@8=OB85 @5H5=8O > A>25@H5=88 0=:>< A45;>:, A2O70==KE A >BGC645=85< 8;8 2>7<>6=>ABLN >BGC645=8O 0:F89 (4>;59) 4>G5@=8E (7028A8<KE) >1I5AB2 0=:0; CB25@645=85 ?@54AB028B5;O 0=:0 4;O CG0AB8O 2 1I8E A>1@0=8OE 0:F8>=5@>2 (1I8E A>1@0=8OE CG0AB=8:>2) 4>G5@=8E (7028A8<KE) >1I5AB2 0=:0 8 8=AB@C:F89 4;O 3>;>A>20=8O 4;O B0:>3> ?@54AB028B5;O. CB25@645=85 ?@54AB028B5;O 0=:0 4;O CG0AB8O 2 >@30=0E C?@02;5=8O (A>25B 48@5:B>@>2, 8A?>;=8B5;L=K5 >@30=K) 4>G5@=8E (7028A8<KE) >1I5AB2 0=:0; A>3;0A>20=85 :0=4840B>2 =0 4>;6=>AB8 C:>2>48B5;O !;C61K 2=CB@5==53> :>=B@>;O 0=:0, ;02=>3> 1CE30;B5@0 0=:0, =0G0;L=8:0 !;C61K 157>?0A=>AB8 0=:0, 2>?@>A0 >1 >A2>1>645=88 8E >B 4>;6=>AB8, A>740=85 8 :>=B@>;L 70 DC=:F8>=8@>20=85< MDD5:B82=>9 A8AB5<K 2=CB@5==53> :>=B@>;O; CB25@645=85 @538AB@0B>@0 0=:0 8 CA;>289 4>3>2>@0 A =8<, 0 B0:65 @0AB>@65=85 4>3>2>@0 A =8<; CB25@645=85 >@30=870F8>==>9 AB@C:BC@K C?@02;5=8O 0=:><; ?@8=OB85 @5H5=8O > A>25@H5=88 0=:>< A45;>: 8;8 @O40 2708<>A2O70==KE A45;>: =0 AC<<C A2KH5 150 000 000 (!B> ?OBL45AOB <8;;8>=>2) @C1;59; CB25@645=85 2=CB@5==8E 4>:C<5=B>2 0=:0, 70 8A:;NG5=85< 2=CB@5==8E 4>:C<5=B>2, CB25@645=85 :>B>@KE >B=5A5=> $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E 8 =0AB>OI8< #AB02>< : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2, 0 B0:65 8=KE 2=CB@5==8E 4>:C<5=B>2 0=:0, CB25@645=85 :>B>@KE >B=5A5=> =0AB>OI8< #AB02>< : :><?5B5=F88 8A?>;=8B5;L=KE >@30=>2 0=:0; 8=K5 2>?@>AK, >B=5A5==K5 : :><?5B5=F88 !>25B0 48@5:B>@>2 D545@0;L=K<8 70:>=0<8 >AA89A:>9 $545@0F88, =>@<0B82=K<8 0:B0<8 0=:0 >AA88 8 =0AB>OI8< #AB02><. >?@>AK, >B=5A5==K5 : :><?5B5=F88 !>25B0 48@5:B>@>2, =5 <>3CB 1KBL ?5@540=K =0 @5H5=85 8A?>;=8B5;L=K< >@30=0< 0=:0. ';5=K !>25B0 48@5:B>@>2 8718@0NBAO 1I8< A>1@0=85< 0:F8>=5@>2 =0 A@>: 4> A;54CNI53> 3>4>2>3> 1I53> A>1@0=8O 0:F8>=5@>2 2 ?>@O4:5 8 A@>:8, >?@545;O5<K5 $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. >;8G5AB25==K9 A>AB02 !>25B0 48@5:B>@>2 >?@545;O5BAO @5H5=85< 1I53> A>1@0=8O 0:F8>=5@>2, => =5 <>65B 1KBL <5=55 G5< 5 (OBL) G;5=>2. K1>@K G;5=>2 !>25B0 48@5:B>@>2 >ACI5AB2;ONBAO :C<C;OB82=K< 3>;>A>20=85<. @8 :C<C;OB82=>< 3>;>A>20=88 G8A;> 3>;>A>2, ?@8=04;560I8E :064><C 0:F8>=5@C, C<=>605BAO =0 G8A;> ;8F, :>B>@K5 4>;6=K 1KBL 871@0=K 2 !>25B 48@5:B>@>2, 8 0:F8>=5@ 2?@025 >B40BL ?>;CG5==K5 B0:8< >1@07>< 3>;>A0 ?>;=>ABLN 70 >4=>3> :0=4840B0 8;8 @0A?@545;8BL 8E <564C 42C<O 8 1>;55 :0=4840B0<8. 71@0==K<8 2 A>AB02 !>25B0 48@5:B>@>2 AG8B0NBAO :0=4840BK, =01@02H85 =081>;LH55 G8A;> 3>;>A>2. A;8 3>4>2>5 1I55 A>1@0=85 0:F8>=5@>2 =5 1K;> ?@>2545=> 2 CAB0=>2;5==K5 A@>:8, ?>;=><>G8O !>25B0 48@5:B>@>2 ?@5:@0I0NBAO, 70 8A:;NG5=85< ?>;=><>G89 ?> ?>43>B>2:5, A>7K2C 8 ?@>2545=8N 3>4>2>3> 1I53> A>1@0=8O 0:F8>=5@>2. ';5=>< !>25B0 48@5:B>@>2 <>65B 1KBL B>;L:> D878G5A:>5 ;8F>. ';5= !>25B0 48@5:B>@>2 <>65B =5 1KBL 0:F8>=5@>< 0=:0. 0=4840BK =0 4>;6=>AB8 G;5=>2 !>25B0 48@5:B>@>2 4>;6=K A>>B25BAB2>20BL :20;8D8:0F8>==K< B@51>20=8O<, CAB0=>2;5==K< D545@0;L=K<8 70:>=0<8 8 ?@8=8<05<K<8 2 A>>B25BAB288 A =8<8 =>@<0B82=K<8 0:B0<8 0=:0 >AA88. 8F0, 871@0==K5 2 A>AB02 !>25B0 48@5:B>@>2, <>3CB ?5@58718@0BLAO =5>3@0=8G5==>5 G8A;> @07. > @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2 ?>;=><>G8O 2A5E G;5=>2 !>25B0 48@5:B>@>2 <>3CB 1KBL ?@5:@0I5=K 4>A@>G=>. ';5=K @02;5=8O =5 <>3CB A>AB02;OBL 1>;55 >4=>9 G5B25@B>9 A>AB020 !>25B0 48@5:B>@>2. @54A540B5;L @02;5=8O =5 <>65B 1KBL >4=>2@5<5==> @54A540B5;5< !>25B0 48@5:B>@>2. ! CG5B>< <0AHB01>2 8 E0@0:B5@0 45OB5;L=>AB8 0=:0 A F5;LN ?@5420@8B5;L=>3> @0AA<>B@5=8O 8 ?>43>B>2:8 @5:><5=40F89 ?> =081>;55 206=K< 2>?@>A0< 2 A>AB025 !>25B0 48@5:B>@>2 <>3CB A>74020BLAO B5<0B8G5A:85 :><8B5BK. 5H5=85 > A>740=88 :><8B5B0/:><8B5B>2 ?@8=8<05BAO !>25B>< 48@5:B>@>2 2 ?>@O4:5, ?@54CA<>B@5==>< =0AB>OI8< #AB02>< 4;O ?@8=OB8O @5H5=89 =0 70A540=88 !>25B0 48@5:B>@>2. @54A540B5;L !>25B0 48@5:B>@>2 8718@05BAO G;5=0<8 !>25B0 48@5:B>@>2 87 8E G8A;0 1>;LH8=AB2>< 3>;>A>2 >B >1I53> G8A;0 G;5=>2 !>25B0 48@5:B>@>2. @54A540B5;L !>25B0 48@5:B>@>2 >@30=87C5B 53> @01>BC, A>7K205B 70A540=8O !>25B0 48@5:B>@>2 8 ?@54A540B5;LAB2C5B =0 =8E, >@30=87C5B =0 70A540=8OE 2545=85 ?@>B>:>;0.  A;CG05 >BACBAB28O @54A540B5;O !>25B0 48@5:B>@>2 53> DC=:F88 >ACI5AB2;O5B >48= 87 G;5=>2 !>25B0 48@5:B>@>2 ?> @5H5=8N !>25B0 48@5:B>@>2. >@O4>: A>7K20 8 ?@>2545=8O 70A540=89 !>25B0 48@5:B>@>2 >1I5AB20 >?@545;O5BAO =0AB>OI8< #AB02>< 8 >;>65=85< > !>25B5 48@5:B>@>2  5@6020 . 2>@C< 4;O ?@>2545=8O 70A540=8O !>25B0 48@5:B>@>2 A>AB02;O5B =5 <5=55 ?>;>28=K >B G8A;0 871@0==KE G;5=>2 !>25B0 48@5:B>@>2. @8 >?@545;5=88 =0;8G8O :2>@C<0 8 @57C;LB0B>2 3>;>A>20=8O CG8BK20NBAO ?8AL<5==K5 <=5=8O G;5=>2 !>25B0 48@5:B>@>2, >BACBAB2CNI8E =0 70A540=88 !>25B0 48@5:B>@>2, ?> 2>?@>A0< ?>25AB:8 4=O 70A540=8O. !>25B 48@5:B>@>2 2?@025 ?@8=OBL @5H5=8O ?> 2A5< 2>?@>A0<, >B=>AOI8<AO : 53> :><?5B5=F88, ?CB5< ?@>2545=8O 70>G=>3> 3>;>A>20=8O 2 A>>B25BAB288 A >;>65=85< > !>25B5 48@5:B>@>2  5@6020 . 0A540=8O !>25B0 48@5:B>@>2 ?@>2>4OBAO ?> <5@5 =5>1E>48<>AB8, => =5 @565 >4=>3> @070 2 <5AOF. 0A540=85 !>25B0 48@5:B>@>2 A>7K205BAO @54A540B5;5< !>25B0 48@5:B>@>2 ?> 53> A>1AB25==>9 8=8F80B825, ?> B@51>20=8N G;5=0 !>25B0 48@5:B>@>2, 52878>==>9 :><8AA88 ( 5287>@0) 0=:0, 0C48B>@0 0=:0 8;8 8A?>;=8B5;L=>3> >@30=0 0=:0. ';5=K !>25B0 48@5:B>@>2 8725I0NBAO > =07=0G5==>< 70A540=88 =5 <5=55 G5< 70 24 G0A0 4> 2@5<5=8 53> ?@>2545=8O. 725I5=85 >ACI5AB2;O5BAO ?CB5< =0?@02;5=8O B5;53@0<<, B5;5D>=>3@0<< 8;8 ?>A@54AB2>< >7=0:><;5=8O ?>4 @0A?8A:C A A>>B25BAB2CNI8< @5H5=85< > =07=0G5=88 40BK, 2@5<5=8, <5AB0 ?@>2545=8O 8 ?>25AB:8 4=O 70A540=8O !>25B0 48@5:B>@>2 A ?@8;>65=85< 2 =5>1E>48<KE A;CG0OE 8=D>@<0F8>==KE <0B5@80;>2 ?> ?>25AB:5 4=O 70A540=8O. 5H5=8O =0 70A540=88 !>25B0 48@5:B>@>2 ?@8=8<0NBAO 1>;LH8=AB2>< 3>;>A>2 G;5=>2 !>25B0 48@5:B>@>2, ?@8=8<0NI8E CG0AB85 2 70A540=88, 5A;8 4;O ?@8=OB8O @5H5=8O $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E =5 ?@54CA<>B@5=> 8=>5. @8 @5H5=88 2>?@>A>2 =0 70A540=88 !>25B0 48@5:B>@>2 :064K9 G;5= !>25B0 48@5:B>@>2 >1;0405B >4=8< 3>;>A><. 5@540G0 ?@020 3>;>A0 G;5=>< !>25B0 48@5:B>@>2 8=><C ;8FC, 2 B>< G8A;5 4@C3><C G;5=C !>25B0 48@5:B>@>2, =5 4>?CA:05BAO. @54A540B5;L !>25B0 48@5:B>@>2 8<55B ?@02> @5H0NI53> 3>;>A0 ?@8 ?@8=OB88 !>25B>< 48@5:B>@>2 @5H5=89 2 A;CG05 @025=AB20 3>;>A>2 G;5=>2 !>25B0 48@5:B>@>2. 0 70A540=88 !>25B0 48@5:B>@>2 2545BAO ?@>B>:>;, :>B>@K9 A>AB02;O5BAO =5 ?>74=55 B@5E 4=59 ?>A;5 ?@>2545=8O 70A540=8O. @>B>:>; 70A540=8O !>25B0 48@5:B>@>2 2545B !5:@5B0@L, =07=0G05<K9 (2K18@05<K9) !>25B>< 48@5:B>@>2 2 ?>@O4:5, ?@54CA<>B@5==>< =0AB>OI8< #AB02>< 4;O ?@8=OB8O @5H5=89 =0 70A540=88 !>25B0 48@5:B>@>2. @>B>:>; 70A540=8O !>25B0 48@5:B>@>2 ?>4?8AK205BAO ?@54A540B5;LAB2CNI8< =0 70A540=88 8 !5:@5B0@5<, :>B>@K5 =5ACB >B25BAB25==>ABL 70 ?@028;L=>ABL A>AB02;5=8O ?@>B>:>;0. > @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2 G;5=0< !>25B0 48@5:B>@>2 2 ?5@8>4 8A?>;=5=8O 8<8 A2>8E >1O70==>AB59 <>3CB 2K?;0G820BLAO 2>7=03@0645=85 8 (8;8) :><?5=A8@>20BLAO @0AE>4K, A2O70==K5 A 8A?>;=5=85< 8<8 DC=:F89 G;5=>2 !>25B0 48@5:B>@>2. 07<5@K B0:8E 2>7=03@0645=89 8 :><?5=A0F89 CAB0=02;820NBAO @5H5=85< 1I53> A>1@0=8O 0:F8>=5@>2. ';5=K !>25B0 48@5:B>@>2 ?@8 >ACI5AB2;5=88 A2>8E ?@02 8 8A?>;=5=88 >1O70==>AB59 4>;6=K 459AB2>20BL 2 8=B5@5A0E 0=:0, >ACI5AB2;OBL A2>8 ?@020 8 8A?>;=OBL >1O70==>AB8 2 >B=>H5=88 0=:0 4>1@>A>25AB=> 8 @07C<=>. A?>;=8B5;L=K5 >@30=K 0=:0. C:>2>4AB2> B5:CI59 45OB5;L=>ABLN 0=:0 >ACI5AB2;O5BAO 548=>;8G=K< 8A?>;=8B5;L=K< >@30=>< - @54A540B5;5< @02;5=8O 8 :>;;5380;L=K< 8A?>;=8B5;L=K< >@30=>< - @02;5=85<. @54A540B5;L @02;5=8O >ACI5AB2;O5B B0:65 DC=:F88 ?@54A540B5;O =0 70A540=8OE @02;5=8O. 0=4840BK =0 4>;6=>AB8 @54A540B5;O @02;5=8O, 53> 70<5AB8B5;59 8 G;5=>2 @02;5=8O 4>;6=K A>>B25BAB2>20BL :20;8D8:0F8>==K< B@51>20=8O<, CAB0=>2;5==K< D545@0;L=K<8 70:>=0<8 8 ?@8=8<05<K<8 2 A>>B25BAB288 A =8<8 =>@<0B82=K<8 0:B0<8 0=:0 >AA88. @54A540B5;L @02;5=8O 8 G;5=K @02;5=8O =5 2?@025 70=8<0BL 4>;6=>AB8 2 4@C38E >@30=870F8OE, O2;ONI8EAO :@548B=K<8 8;8 AB@0E>2K<8 >@30=870F8O<8, ?@>D5AA8>=0;L=K<8 CG0AB=8:0<8 @K=:0 F5==KE 1C<03, 0 B0:65 2 >@30=870F8OE, 70=8<0NI8EAO ;878=3>2>9 45OB5;L=>ABLN 8;8 O2;ONI8EAO 0DD8;8@>20==K<8 ;8F0<8 ?> >B=>H5=8N : 0=:C. !>2<5I5=85 4>;6=>AB59 2 >@30=0E C?@02;5=8O 4@C38E >@30=870F89 4>?CA:05BAO B>;L:> A A>3;0A8O !>25B0 48@5:B>@>2. A?>;=8B5;L=K5 >@30=K 0=:0 >@30=87CNB 2K?>;=5=85 @5H5=89 1I53> A>1@0=8O 0:F8>=5@>2 8 !>25B0 48@5:B>@>2 8 8< ?>4>BG5B=K. 1@07>20=85 8A?>;=8B5;L=KE >@30=>2 0=:0 8 4>A@>G=>5 ?@5:@0I5=85 8E ?>;=><>G89 >ACI5AB2;O5BAO ?> @5H5=8N !>25B0 48@5:B>@>2. >;8G5AB25==K9 A>AB02 @02;5=8O >?@545;O5BAO !>25B>< 48@5:B>@>2. @02;5=85 459AB2C5B =0 >A=>20=88 =0AB>OI53> #AB020 8 >;>65=8O > @02;5=88, :>B>@>5 CB25@6405BAO 1I8< A>1@0=85< 0:F8>=5@>2.  :><?5B5=F88 @02;5=8O >B=>AOBAO A;54CNI85 2>?@>AK: @07@01>B:0 8 ?@54AB02;5=85 !>25BC 48@5:B>@>2 ?;0=>2 @01>BK (187=5A-?;0=>2) 0=:0, >BG5B>2 >1 8E 8A?>;=5=88; ?@8=OB85 @5H5=89 ?> >A=>2=K< 2>?@>A0< >@30=870F88 :@548B>20=8O, @0AG5B>2, >ACI5AB2;5=8O 20;NB=KE 8 4@C38E 10=:>2A:8E >?5@0F89, 0 B0:65 2>?@>A0< CAB0=>2;5=8O 45;>2KE A2O759 0=:0 A 8=>AB@0==K<8 10=:0<8 8 4@C38<8 >@30=870F8O<8; >?@545;5=85 ?5@5G=O B8?>2KE A45;>: 0=:0 8 CB25@645=85 A>>B25BAB2CNI8E AB0=40@B=KE (B8?>2KE) D>@< 4>3>2>@>2; CAB0=>2;5=85 >1I8E B0@8D>2 8 @0AF5=>: ?> ?@54>AB02;O5<K< 0=:>< CA;C30<, A>25@H05<K< >?5@0F8O< 8 A45;:0<; >?@545;5=85 CA;>289 8 ?>@O4:0 >?;0BK B@C40 A>B@C4=8:>2 0=:0; ?@8=OB85 @5H5=89 >1 >B:@KB88 8 70:@KB88 4>?>;=8B5;L=KE >D8A>2, :@548B=>-:0AA>2KE >D8A>2, >?5@0F8>==KE :0AA 2=5 :0AA>2>3> C7;0 8 >1<5==KE ?C=:B>2 0=:0 (D8;80;>2 0=:0), 0 B0:65 8=KE 2=CB@5==8E AB@C:BC@=KE ?>4@0745;5=89 2 A;CG0OE, ?@54CA<>B@5==KE =>@<0B82=K<8 0:B0<8 0=:0 >AA88; CB25@645=85 @53;0<5=B>2 2708<>459AB28O <564C ?>4@0745;5=8O<8 0=:0, ?>;>65=89, 8=AB@C:F89, @53;0<5=B>2, ?>@O4:>2 8 8=KE 2=CB@5==8E 4>:C<5=B>2 0=:0, @53C;8@CNI8E 2>?@>AK 45OB5;L=>AB8 >B45;L=>3> ?>4@0745;5=8O 0=:0; >@30=870F8O 70I8BK :><<5@G5A:>9 8 10=:>2A:>9 B09=K 0=:0; ?@8=OB85 @5H5=89 > 2K?CA:5 8 @07<5I5=88 45?>78B=KE (A15@530B5;L=KE) A5@B8D8:0B>2, 0 B0:65 8=KE F5==KE 1C<03 =5 >B=>AOI8EAO : M<8AA8>==K< 2 A>>B25BAB288 A 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. ?@8=OB85 @5H5=89 > A>740=88, 87<5=5=88, ?@5:@0I5=88 >1I8E D>=4>2 10=:>2A:>3> C?@02;5=8O ($#). ?>43>B>2:0 ?@54;>65=89 8 ?@>5:B>2, :0A0NI8EAO >@30=870F8>==>9 AB@C:BC@K C?@02;5=8O 0=:0; @54A540B5;L @02;5=8O 157 4>25@5==>AB8 459AB2C5B >B 8<5=8 0=:0, 2 B>< G8A;5: ?@54AB02;O5B 8=B5@5AK 0=:0; >ACI5AB2;O5B >?5@0B82=>5 @C:>2>4AB2> 45OB5;L=>ABLN 0=:0; >@30=87C5B 2K?>;=5=85 @5H5=89 1I53> A>1@0=8O 0:F8>=5@>2, !>25B0 48@5:B>@>2 8 @02;5=8O; A>25@H05B A45;:8 >B 8<5=8 0=:0; :>=B@>;8@C5B A2>52@5<5==>ABL 2KO2;5=8O 10=:>2A:8E @8A:>2, 045:20B=>ABL >?@545;5=8O (>F5=:8) 8E @07<5@0, A2>52@5<5==>ABL 2=54@5=8O =5>1E>48<KE ?@>F54C@ C?@02;5=8O 8<8; 2K405B 4>25@5==>AB8 >B 8<5=8 0=:0; CAB0=02;8205B 8=48284C0;L=K5 B0@8DK 8 @0AF5=:8 ?> A>25@H05<K< 0=:>< >?5@0F8O< 8 A45;:0<; >@30=87C5B 1CE30;B5@A:89 CG5B 8 >BG5B=>ABL; @0A?>@O605BAO 8<CI5AB2>< 0=:0 2 ?@545;0E, CAB0=>2;5==KE =0AB>OI8< #AB02>< 8 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88; ?@8=8<05B A2>52@5<5==K5 <5@K ?> CAB@0=5=8N =0@CH5=89 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88; 87405B ?@8:07K (@0A?>@O65=8O) 8 405B C:070=8O, >1O70B5;L=K5 4;O 8A?>;=5=8O 2A5<8 A>B@C4=8:0<8 0=:0; CB25@6405B HB0B=>5 @0A?8A0=85; >?@545;O5B CA;>28O, 70:;NG05B, 87<5=O5B 8 @0AB>@305B >B ;8F0 0=:0 B@C4>2K5 4>3>2>@K, 4>3>2>@K > ?>;=>9 <0B5@80;L=>9 >B25BAB25==>AB8 A @01>B=8:0<8 0=:0; ?>>I@O5B @01>B=8:>2 0=:0 8 ?@8<5=O5B 48AF8?;8=0@=K5 27KA:0=8O; >@30=87C5B 70A540=8O @02;5=8O; CB25@6405B 4>;6=>AB=K5 8=AB@C:F88 @01>B=8:>2 0=:0, 2=CB@5==85 4>:C<5=BK 0=:0, CB25@645=85 :>B>@KE >B=5A5=> : :><?5B5=F88 548=>;8G=>3> 8A?>;=8B5;L=>3> >@30=0 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88; ?@8=8<05B @5H5=8O >1 CG0AB88 8 > ?@5:@0I5=88 CG0AB8O 0=:0 2 4@C38E >@30=870F8OE, 70 8A:;NG5=85< A;CG052 ?@54CA<>B@5==KE =0AB>OI8< #AB02><; @5H05B 4@C385 2>?@>AK 45OB5;L=>AB8 0=:0, 70 8A:;NG5=85< >B=5A5==KE : :><?5B5=F88 1I53> A>1@0=8O 0:F8>=5@>2, !>25B0 48@5:B>@>2, @02;5=8O. @020 8 >1O70==>AB8 @54A540B5;O @02;5=8O, G;5=>2 @02;5=8O >?@545;ONBAO $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E, 8=K<8 ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88, =0AB>OI8< #AB02><, >;>65=85< > @02;5=88 8 4>3>2>@><, 70:;NG05<K< :064K< 87 =8E A 0=:><. >3>2>@ >B 8<5=8 0=:0 ?>4?8AK205BAO @54A540B5;5< !>25B0 48@5:B>@>2 8;8 ;8F><, C?>;=><>G5==K< !>25B>< 48@5:B>@>2. 0 >B=>H5=8O <564C 0=:><, @54A540B5;5< @02;5=8O 8 G;5=0<8 @02;5=8O 459AB285 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 > B@C45 @0A?@>AB@0=O5BAO 2 G0AB8, =5 ?@>B82>@5G0I59 ?>;>65=8O< $545@0;L=>3> 70:>=0 1 0:F8>=5@=KE >1I5AB20E. @54A540B5;L @02;5=8O 8 G;5=K @02;5=8O 8<5NB ?@02> 4>A@>G=> @0AB>@3=CBL >3>2>@ ?> A>1AB25==>9 8=8F80B825, ?@54C?@5482 >1 MB>< !>25B 48@5:B>@>2 2 ?8AL<5==>9 D>@<5 =5 ?>74=55, G5< 70 >48= <5AOF. @54A540B5;L @02;5=8O 2?@025 2K=5AB8 ;N1>9 87 2>?@>A>2, 2E>4OI8E 2 53> :><?5B5=F8N, =0 70A540=85 @02;5=8O. @54A540B5;L @02;5=8O <>65B ?>@CG0BL @5H5=85 >B45;L=KE 2>?@>A>2, 2E>4OI8E 2 53> :><?5B5=F8N, 0<5AB8B5;O< @54A540B5;O @02;5=8O, 0 B0:65 @C:>2>48B5;O< 8;8 8=K< A>B@C4=8:0< ?>4@0745;5=89 0=:0. 0<5AB8B5;8 @54A540B5;O @02;5=8O 2>73;02;ONB =0?@02;5=8O @01>BK 2 A>>B25BAB288 A @0A?@545;5=85< >1O70==>AB59, CB25@6405<K< @54A540B5;5< @02;5=8O. 0<5AB8B5;8 @54A540B5;O @02;5=8O 2 ?@545;0E A2>59 :><?5B5=F88 459AB2CNB >B 8<5=8 0=:0 =0 >A=>20=88 4>25@5==>AB59, 2K40205<KE @54A540B5;5< @02;5=8O.  ?5@8>4 >BACBAB28O @54A540B5;O @02;5=8O, 0 B0:65 2 8=KE A;CG0OE, :>340 @54A540B5;L @02;5=8O =5 <>65B 8A?>;=OBL A2>8 >1O70==>AB8, 53> ?>;=><>G8O, ?@54CA<>B@5==K5 =0AB>OI8< #AB02><, >ACI5AB2;O5B 2@5<5==> 8A?>;=ONI89 >1O70==>AB8, =07=0G05<K9 ?@8:07>< @54A540B5;O @02;5=8O.  A;CG05 >BACBAB28O ?@8:070 2@5<5==> 8A?>;=ONI8< >1O70==>AB8 AG8B05BAO 70<5AB8B5;L @54A540B5;O @02;5=8O, @01>B0NI89 2 0=:5 2 40==>9 4>;6=>AB8 4>;LH5 4@C38E 70<5AB8B5;59, 5A;8 8=>5 =5 CAB0=>2;5=> @5H5=85< !>25B0 48@5:B>@>2, ?@8=OBK< ?> 40==><C 2>?@>AC. 2>@C< 4;O ?@>2545=8O 70A540=8O @02;5=8O A>AB02;O5B =5 <5=55 ?>;>28=K G8A;0 871@0==KE G;5=>2 @02;5=8O. 5H5=8O ?@8=8<0NBAO 1>;LH8=AB2>< 3>;>A>2 ?@8ACBAB2CNI8E =0 70A540=88 G;5=>2 @02;5=8O. >25AB:0 70A540=8O @02;5=8O ?>43>B02;8205BAO !5:@5B0@5< @02;5=8O 8 2:;NG05B 2>?@>AK, ?>AB02;5==K5 @54A540B5;5< @02;5=8O, G;5=0<8 @02;5=8O, G;5=0<8 !>25B0 48@5:B>@>2, 52878>==>9 :><8AA859 ( 5287>@><) 0=:0. !5:@5B0@L @02;5=8O CB25@6405BAO @02;5=85< 87 G8A;0 A>B@C4=8:>2 0=:0 2 ?>@O4:5, ?@54CA<>B@5==>< 4;O ?@8=OB8O @5H5=89 =0 70A540=88 @02;5=8O. 0 70A540=88 @02;5=8O 2545BAO ?@>B>:>;. @>B>:>; 70A540=8O @02;5=8O ?>4?8AK205BAO @54A540B5;5< @02;5=8O 8 !5:@5B0@5< @02;5=8O. @54A540B5;L @02;5=8O, G;5=K @02;5=8O ?@8 >ACI5AB2;5=88 A2>8E ?@02 8 8A?>;=5=88 >1O70==>AB59 4>;6=K 459AB2>20BL 2 8=B5@5A0E 0=:0, >ACI5AB2;OBL A2>8 ?@020 8 8A?>;=OBL >1O70==>AB8 2 >B=>H5=88 0=:0 4>1@>A>25AB=> 8 @07C<=>. >=B@>;L 70 45OB5;L=>ABLN 0=:0. ;O >ACI5AB2;5=8O :>=B@>;O 70 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>ABLN 0=:0 1I8< A>1@0=85< 0:F8>=5@>2 8718@05BAO 52878>==0O :><8AA8O ( 5287>@) 0=:0. > @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2 G;5=0< 52878>==>9 :><8AA88 ( 5287>@C) 2 ?5@8>4 8A?>;=5=8O 8<8 A2>8E >1O70==>AB59 <>3CB 2K?;0G820BLAO 2>7=03@0645=85 8 (8;8) :><?5=A8@>20BLAO @0AE>4K, A2O70==K5 A 8A?>;=5=85< 8<8 A2>8E >1O70==>AB59. 07<5@K B0:8E 2>7=03@0645=89 8 :><?5=A0F89 CAB0=02;820NBAO @5H5=85< 1I53> A>1@0=8O 0:F8>=5@>2. >@O4>: 45OB5;L=>AB8 52878>==>9 :><8AA88 ( 5287>@0) >?@545;O5BAO >;>65=85< > 52878>==>9 :><8AA88 ( 5287>@5), CB25@6405<K< 1I8< A>1@0=85< 0:F8>=5@>2. 52878>==0O :><8AA8O ( 5287>@) 8718@05BAO =0 3>4>2>< 1I5< A>1@0=88 0:F8>=5@>2 A@>:>< =0 >48= 3>4. ';5=K 52878>==>9 :><8AA88 ( 5287>@) =5 <>3CB >4=>2@5<5==> O2;OBLAO G;5=0<8 !>25B0 48@5:B>@>2 8 @02;5=8O, 0 B0:65 70=8<0BL 8=K5 4>;6=>AB8 2 >@30=0E C?@02;5=8O 0=:0. :F88, ?@8=04;560I85 G;5=0< !>25B0 48@5:B>@>2 8;8 ;8F0<, 70=8<0NI8< 4>;6=>AB8 2 >@30=0E C?@02;5=8O 0=:><, =5 <>3CB CG0AB2>20BL 2 3>;>A>20=88 ?@8 871@0=88 G;5=>2 52878>==>9 :><8AA88 ( 5287>@0) 0=:0. @>25@:0 (@52878O) D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 0=:0 >ACI5AB2;O5BAO ?> 8B>30< 45OB5;L=>AB8 0=:0 70 3>4, 0 B0:65 2 ;N1>5 2@5<O ?> 8=8F80B825 52878>==>9 :><8AA88 ( 5287>@0), @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2, !>25B0 48@5:B>@>2 8;8 ?> B@51>20=8N 0:F8>=5@0 (0:F8>=5@>2) 0=:0, 2;045NI53> 2 A>2>:C?=>AB8 =5 <5=55 G5< 10 ?@>F5=B0<8 3>;>ACNI8E 0:F89 0=:0. > B@51>20=8N 52878>==>9 :><8AA88 ( 5287>@0), 70=8<0NI85 4>;6=>AB8 2 >@30=0E C?@02;5=8O 0=:0, >1O70=K ?@54AB028BL 4>:C<5=BK > D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 0=:0. 52878>==0O :><8AA8O ( 5287>@) 2?@025 ?>B@51>20BL A>7K20 2=5>G5@54=>3> 1I53> A>1@0=8O 0:F8>=5@>2 2 A;CG0OE CAB0=>2;5==KE $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E. 1I55 A>1@0=85 0:F8>=5@>2 CB25@6405B 0C48B>@0 0=:0, =5 A2O70==>3> 8<CI5AB25==K<8 8=B5@5A0<8 A 0=:>< 8;8 53> 0:F8>=5@0<8. C48B>@ 0=:0 >ACI5AB2;O5B ?@>25@:C D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 0=:0 2 A>>B25BAB288 A ?@02>2K<8 0:B0<8 >AA89A:>9 $545@0F88 =0 >A=>20=88 70:;NG05<>3> A =8< 4>3>2>@0. 07<5@ >?;0BK CA;C3 0C48B>@0 >?@545;O5BAO !>25B>< 48@5:B>@>2. > 8B>30< ?@>25@:8 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 0=:0 52878>==0O :><8AA8O ( 5287>@) 8 0C48B>@ 0=:0 >1O70=K A>AB028BL 70:;NG5=85, 2 :>B>@>< ?>4B25@6405BAO 4>AB>25@=>ABL 40==KE, A>45@60I8EAO 2 >BG5B0E, 8 8=KE D8=0=A>2KE 4>:C<5=B0E 0=:0. C48B>@A:0O ?@>25@:0 45OB5;L=>AB8 0=:0 4>;6=0 1KBL ?@>2545=0 2> 2AO:>5 2@5<O ?> B@51>20=8N 0:F8>=5@>2, A>2>:C?=0O 4>;O :>B>@KE 2 CAB02=>< :0?8B0;5 0=:0 A>AB02;O5B 45AOBL 8;8 1>;55 ?@>F5=B>2. 047>@ 8 :>=B@>;L 70 45OB5;L=>ABLN 0=:0 >ACI5AB2;O5BAO &5=B@0;L=K< 10=:>< >AA89A:>9 $545@0F88 8 >@30=0<8, C?>;=><>G5==K<8 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88.  A>>B25BAB288 A B@51>20=8O<8 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 2 0=:5 >@30=87C5BAO A8AB5<0 2=CB@5==53> :>=B@>;O. !8AB5<0 2=CB@5==53> :>=B@>;O 0=:0 2:;NG05B A;54CNI85 =0?@02;5=8O: :>=B@>;L A> AB>@>=K >@30=>2 C?@02;5=8O 70 >@30=870F859 45OB5;L=>AB8 0=:0; :>=B@>;L 70 DC=:F8>=8@>20=85< A8AB5<K C?@02;5=8O 10=:>2A:8<8 @8A:0<8 8 >F5=:0 10=:>2A:8E @8A:>2; :>=B@>;L 70 @0A?@545;5=85< ?>;=><>G89 ?@8 A>25@H5=88 10=:>2A:8E >?5@0F89 8 4@C38E A45;>:; :>=B@>;L 70 C?@02;5=85< 8=D>@<0F8>==K<8 ?>B>:0<8 (?>;CG5=85< 8 ?5@540G59 8=D>@<0F88) 8 >15A?5G5=85< 8=D>@<0F8>==>9 157>?0A=>AB8; >ACI5AB2;O5<>5 =0 ?>AB>O==>9 >A=>25 =01;N45=85 70 DC=:F8>=8@>20=85< A8AB5<K 2=CB@5==53> :>=B@>;O 2 F5;OE >F5=:8 AB5?5=8 55 A>>B25BAB28O 7040G0< 45OB5;L=>AB8 0=:0, 2KO2;5=8O =54>AB0B:>2, @07@01>B:8 ?@54;>65=89 8 >ACI5AB2;5=8O :>=B@>;O 70 @50;870F859 @5H5=89 ?> A>25@H5=AB2>20=8N A8AB5<K 2=CB@5==53> :>=B@>;O 0=:0. =CB@5==89 :>=B@>;L 2 0=:5 >ACI5AB2;ONB: 1I55 A>1@0=85 0:F8>=5@>2; !>25B 48@5:B>@>2; @54A540B5;L @02;5=8O - 48=>;8G=K9 8A?>;=8B5;L=K9 >@30=; @02;5=85 - >;;5380;L=K9 8A?>;=8B5;L=K9 >@30=; 52878>==0O :><8AA8O ( 5287>@); ;02=K9 1CE30;B5@ (53> 70<5AB8B5;8), ><8B5B ?> :>=B@>;N 70 @8A:0<8, >4@0745;5=8O 8 A>B@C4=8:8, >ACI5AB2;ONI85 2=CB@5==89 :>=B@>;L 2 A>>B25BAB288 A ?>;=><>G8O<8, >?@545;O5<K<8 2=CB@5==8<8 4>:C<5=B0<8 0=:0, 2:;NG0O: A;C61C 2=CB@5==53> :>=B@>;O; 4>;6=>AB=>5 ;8F> (AB@C:BC@=>5 ?>4@0745;5=85), >B25BAB25==>5 70 @07@01>B:C 8 @50;870F8N ?@028; 2=CB@5==53> :>=B@>;O 2 F5;OE ?@>B82>459AB28O ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 8 D8=0=A8@>20=8N B5@@>@87<0, ?@>3@0<< 53> >ACI5AB2;5=8O 8 8=KE 2=CB@5==8E >@30=870F8>==KE <5@ 2 C:070==KE F5;OE, 0 B0:65 70 >@30=870F8N ?@54AB02;5=8O 2 C?>;=><>G5==K9 >@30= ?> ?@>B82>459AB28N ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 8 D8=0=A8@>20=8N B5@@>@87<0 A2545=89 2 A>>B25BAB288 A $545@0;L=K< 70:>=><  ?@>B82>459AB288 ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 8 D8=0=A8@>20=8N B5@@>@87<0 8 =>@<0B82=K<8 0:B0<8 0=:0 >AA88; 8=K5 AB@C:BC@=K5 ?>4@0745;5=8O 8 (8;8) >B25BAB25==K5 A>B@C4=8:8 0=:0, 2 A>>B25BAB288 A B@51>20=8O<8 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88.  :><?5B5=F88 !>25B0 48@5:B>@>2 :0: >@30=0 A8AB5<K 2=CB@5==53> :>=B@>;O >B=>AOBAO A;54CNI85 2>?@>AK: A>740=85 8 :>=B@>;L 70 DC=:F8>=8@>20=85< MDD5:B82=>9 A8AB5<K 2=CB@5==53> :>=B@>;O; @53C;O@=>5 @0AA<>B@5=85 =0 A2>8E 70A540=8OE 2>?@>A>2 MDD5:B82=>AB8 2=CB@5==53> :>=B@>;O 8 >1AC645=85 A 8A?>;=8B5;L=K<8 >@30=0<8 0=:0 2>?@>A>2 >@30=870F88 2=CB@5==53> :>=B@>;O 8 <5@ ?> ?>2KH5=8N 53> MDD5:B82=>AB8; @0AA<>B@5=85 4>:C<5=B>2 ?> >@30=870F88 A8AB5<K 2=CB@5==53> :>=B@>;O, ?>43>B>2;5==KE 8A?>;=8B5;L=K<8 >@30=0<8 0=:0, !;C61>9 2=CB@5==53> :>=B@>;O, >B25BAB25==K< A>B@C4=8:>< ?> ?@>B82>459AB28N ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 8 D8=0=A8@>20=8N B5@@>@87<0, 8=K<8 AB@C:BC@=K<8 ?>4@0745;5=8O<8 0=:0, 0C48B>@>< 0=:0; ?@8=OB85 <5@, >15A?5G820NI8E >?5@0B82=>5 2K?>;=5=85 8A?>;=8B5;L=K<8 >@30=0<8 0=:0 @5:><5=40F89 8 70<5G0=89 !;C61K 2=CB@5==53> :>=B@>;O, 0C48B>@0 0=:0, 8 =047>@=KE >@30=>2; A2>52@5<5==>5 >ACI5AB2;5=85 ?@>25@:8 A>>B25BAB28O A8AB5<K >@30=>2 2=CB@5==53> :>=B@>;O E0@0:B5@C, <0AHB010< 8 CA;>28O< 45OB5;L=>AB8 0=:0 2 A;CG05 8E 87<5=5=8O.  :><?5B5=F88 @54A540B5;O @02;5=8O 8 @02;5=8O :0: >@30=>2 A8AB5<K 2=CB@5==53> :>=B@>;O >B=>AOBAO A;54CNI85 2>?@>AK: CAB0=>2;5=85 >B25BAB25==>AB8 70 2K?>;=5=85 @5H5=89 !>25B0 48@5:B>@>2 ?> @50;870F88 AB@0B5388 8 ?>;8B8:8 0=:0 2 >B=>H5=88 >@30=870F88 8 >ACI5AB2;5=8O 2=CB@5==53> :>=B@>;O; 45;538@>20=85 ?>;=><>G89 =0 @07@01>B:C ?@028; 8 ?@>F54C@ 2 AD5@5 2=CB@5==53> :>=B@>;O @C:>2>48B5;O< A>>B25BAB2CNI8E AB@C:BC@=KE ?>4@0745;5=89 8 :>=B@>;L 70 8E 8A?>;=5=85<; ?@>25@:0 A>>B25BAB28O 45OB5;L=>AB8 0=:0 2=CB@5==8< 4>:C<5=B0<, >?@545;ONI8< ?>@O4>: >ACI5AB2;5=8O 2=CB@5==53> :>=B@>;O, 8 >F5=:0 A>>B25BAB28O A>45@60=8O C:070==KE 4>:C<5=B>2 E0@0:B5@C 8 <0AHB010< 45OB5;L=>AB8 0=:0; @0A?@545;5=85 >1O70==>AB59 <564C ?>4@0745;5=8O<8 8 A>B@C4=8:0<8, >B25G0NI8E 70 :>=:@5B=K5 =0?@02;5=8O (D>@<K, A?>A>1K >ACI5AB2;5=8O) 2=CB@5==53> :>=B@>;O; @0AA<>B@5=85 <0B5@80;>2 8 @57C;LB0B>2 ?5@8>48G5A:8E >F5=>: MDD5:B82=>AB8 2=CB@5==53> :>=B@>;O; A>740=85 MDD5:B82=KE A8AB5< ?5@540G8 8 >1<5=0 8=D>@<0F859, >15A?5G820NI8E ?>ABC?;5=85 =5>1E>48<KE A2545=89 : 708=B5@5A>20==K< 2 =59 ?>;L7>20B5;O<. !8AB5<K ?5@540G8 8 >1<5=0 8=D>@<0F859 2:;NG0NB 2 A51O 2A5 4>:C<5=BK, >?@545;ONI85 >?5@0F8>==CN ?>;8B8:C 8 ?@>F54C@K 45OB5;L=>AB8 0=:0; A>740=85 A8AB5<K :>=B@>;O 70 CAB@0=5=85< 2KO2;5==KE =0@CH5=89 8 =54>AB0B:>2 2=CB@5==53> :>=B@>;O 8 70 <5@0<8 ?> 8E CAB@0=5=8N. >;=><>G8O ;02=>3> 1CE30;B5@0 (53> 70<5AB8B5;59), ><8B5B0 ?> :>=B@>;N 70 @8A:0<8, 4>;6=>AB=>3> ;8F0 (AB@C:BC@=>3> ?>4@0745;5=8O) ?> ?@>B82>459AB28N ;530;870F88 (>B<K20=8N) 4>E>4>2, ?>;CG5==KE ?@5ABC?=K< ?CB5<, 8 D8=0=A8@>20=8N B5@@>@87<0 :0: >@30=>2 A8AB5<K 2=CB@5==53> :>=B@>;O, >?@545;ONBAO A>>B25BAB2CNI8<8 2=CB@5==8<8 4>:C<5=B0<8 0=:0.  F5;OE <>=8B>@8=30 ?@>F5AA0 DC=:F8>=8@>20=8O A8AB5<K 2=CB@5==53> :>=B@>;O, 2KO2;5=8O 8 0=0;870 ?@>1;5<, A2O70==KE A 55 DC=:F8>=8@>20=85<, 0 B0:65 @07@01>B:8 ?@54;>65=89 ?> A>25@H5=AB2>20=8N A8AB5<K 8 ?>2KH5=8N MDD5:B82=>AB8 55 DC=:F8>=8@>20=8O 2 0=:5 A>740=0 !;C610 2=CB@5==53> :>=B@>;O. !;C610 2=CB@5==53> :>=B@>;O 459AB2C5B =0 >A=>20=88 =0AB>OI53> #AB020 8 >;>65=8O > !;C615 2=CB@5==53> :>=B@>;O, CB25@6405<>3> !>25B>< 48@5:B>@>2. >;>65=85< > !;C615 2=CB@5==53> :>=B@>;O >?@545;O5BAO ?>@O4>: 55 >@30=870F88, 45OB5;L=>AB8 8 ?>;=><>G8O. C:>2>48B5;L !;C61K 2=CB@5==53> :>=B@>;O =07=0G05BAO 8 >A2>1>6405BAO >B 4>;6=>AB8 @54A540B5;5< @02;5=8O ?> A>3;0A>20=8N A !>25B>< 48@5:B>@>2. C:>2>48B5;L !;C61K 2=CB@5==53> :>=B@>;O =5 <>65B >4=>2@5<5==> >ACI5AB2;OBL @C:>2>4AB2> 8=K<8 ?>4@0745;5=8O<8 0=:0. C:>2>48B5;L !;C61K 2=CB@5==53> :>=B@>;O ?>4>BG5B5= 2 A2>59 45OB5;L=>AB8 !>25BC 48@5:B>@>2. '8A;5==K9 A>AB02 8 AB@C:BC@0 !;C61K 2=CB@5==53> :>=B@>;O CAB0=02;820NBAO @54A540B5;5< @02;5=8O 2 A>>B25BAB288 A <0AHB010<8 45OB5;L=>AB8, E0@0:B5@>< A>25@H05<KE 10=:>2A:8E >?5@0F89 8 A45;>:. !;C610 2=CB@5==53> :>=B@>;O 0=:0 2?@025: ?>;CG0BL >B @C:>2>48B5;59 8 C?>;=><>G5==KE 8<8 A>B@C4=8:>2 ?@>25@O5<>3> ?>4@0745;5=8O =5>1E>48<K5 4;O ?@>2545=8O ?@>25@:8 4>:C<5=BK 8 :>?88 A 4>:C<5=B>2 8 8=>9 8=D>@<0F88, 0 B0:65 ;N1KE A2545=89, 8<5NI8EAO 2 8=D>@<0F8>==KE A8AB5<0E 0=:0, =5>1E>48<KE 4;O >ACI5AB2;5=8O :>=B@>;O, A A>1;N45=85< 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 8 B@51>20=89 0=:0 ?> @01>B5 A> A2545=8O<8 >3@0=8G5==>3> @0A?@>AB@0=5=8O; >?@545;OBL A>>B25BAB285 459AB289 8 >?5@0F89, >ACI5AB2;O5<KE A>B@C4=8:0<8 0=:0, B@51>20=8O< 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88, =>@<0B82=KE 0:B>2 0=:0 >AA88, 2=CB@5==8E 4>:C<5=B>2 0=:0, >?@545;ONI8E ?@>2>48<CN 0=:>< ?>;8B8:C, ?@>F54C@K ?@8=OB8O 8 @50;870F88 @5H5=89, >@30=870F88 CG5B0 8 >BG5B=>AB8, 2:;NG0O 2=CB@5==NN 8=D>@<0F8N > ?@8=8<05<KE @5H5=8OE, ?@>2>48<KE >?5@0F8OE (70:;NG05<KE A45;:0E), @57C;LB0B0E 0=0;870 D8=0=A>2>3> ?>;>65=8O 8 @8A:0E 10=:>2A:>9 45OB5;L=>AB8; ?@82;5:0BL ?@8 >ACI5AB2;5=88 ?@>25@>: A>B@C4=8:>2 0=:0 8 B@51>20BL >B =8E >15A?5G5=8O 4>ABC?0 : 4>:C<5=B0<, 8=>9 8=D>@<0F88, =5>1E>48<>9 4;O ?@>2545=8O ?@>25@>:; 2E>48BL 2 ?><5I5=8O ?@>25@O5<>3> ?>4@0745;5=8O, 0 B0:65 2 ?><5I5=8O, 8A?>;L7C5<K5 4;O E@0=5=8O 4>:C<5=B>2 (0@E82K), =0;8G=KE 45=53 8 F5==>AB59 (45=56=K5 E@0=8;8I0), :><?LNB5@=>9 >1@01>B:8 40==KE (:><?LNB5@=K9 70;) 8 E@0=5=8O 40==KE =0 M;5:B@>==KE =>A8B5;OE, A A>1;N45=85< B@51>20=89 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88 8 ?@>F54C@ 4>ABC?0, >?@545;5==KE 2=CB@5==8<8 4>:C<5=B0<8 0=:0; CG0AB2>20BL 2 @07@01>B:5 2=CB@5==8E 4>:C<5=B>2 0=:0 A F5;LN ?@>25@:8 A>>B25BAB28O 8E A>45@60=8O B@51>20=8O< A8AB5<K 2=CB@5==53> :>=B@>;O, @07@01>B0==>9 2 0=:5. !;C610 2=CB@5==53> :>=B@>;O: 459AB2C5B ?>4 =5?>A@54AB25==K< :>=B@>;5< !>25B0 48@5:B>@>2; =5 >ACI5AB2;O5B 45OB5;L=>ABL, ?>425@305<CN ?@>25@:0< (70 B5< 8A:;NG5=85<, :>340 ?>4;568B =57028A8<>9 ?@>25@:5 0C48B>@>< 0=:0). ?> A>1AB25==>9 8=8F80B825 4>:;04K205B !>25BC 48@5:B>@>2 > 2>?@>A0E, 2>7=8:0NI8E 2 E>45 >ACI5AB2;5=8O !;C61>9 A2>8E DC=:F89, 8 ?@54;>65=8OE ?> 8E @5H5=8N, 0 B0:65 @0A:@K205B MBC 8=D>@<0F8N @54A540B5;N @02;5=8O 8 (8;8) @02;5=8N. 5>@30=870F8O 8 ;8:2840F8O 0=:0. 5>@30=870F8O 8;8 ;8:2840F8O 0=:0 >ACI5AB2;O5BAO 2 A>>B25BAB288 A @0640=A:8< :>45:A>< >AA89A:>9 $545@0F88, $545@0;L=K< 70:>=>< 1 0:F8>=5@=KE >1I5AB20E, A CG5B>< B@51>20=89 $545@0;L=>3> 70:>=0  10=:0E 8 10=:>2A:>9 45OB5;L=>AB8, =>@<0B82=>-?@02>2KE 0:B>2 0=:0 >AA88. 0=: <>65B 1KBL ;8:2848@>20= 8;8 @5>@30=87>20= ?> @5H5=8N 1I53> A>1@0=8O 0:F8>=5@>2. =K5 >A=>20=8O @5>@30=870F88 8 ;8:2840F88 0=:0 >?@545;ONBAO 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. =5A5=85 87<5=5=89 8 4>?>;=5=89 2 #AB02. A5 87<5=5=8O 8 4>?>;=5=8O, 2=>A8<K5 2 #AB02 0=:0, 8;8 #AB02 0=:0 2 =>2>9 @540:F88 ?>4;560B 3>AC40@AB25==>9 @538AB@0F88 2 ?>@O4:5, CAB0=>2;5==>< 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88. 7<5=5=8O 8 4>?>;=5=8O 2 #AB02 0=:0 8;8 #AB02 0=:0 2 =>2>9 @540:F88 ?@8>1@5B0NB A8;C 4;O B@5BL8E ;8F A <><5=B0 8E 3>AC40@AB25==>9 @538AB@0F88, 0 2 A;CG0OE, CAB0=>2;5==KE 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88, - A <><5=B0 C254><;5=8O >@30=0, >ACI5AB2;ONI53> 3>AC40@AB25==CN @538AB@0F8N, > B0:8E 87<5=5=8OE. @54A540B5;L !>25B0 48@5:B>@>2  5@6020 CA0@>2 ;048<8@ =0B>;L528G $CDPF8GGHLLMMNZOPQSTVZ\_a(cLcd:eefbggde6-gde6-gde6-gde6-gde6-bgi:klpmntop(qq$rrtxvwxXz~{|~Bn<r\gde6-gde6-H.Αb Ę "NFΞVܢ,^H"gde6-gde6-gde6-"t$ bVмʽ4 ~*NFD(gde6-gde6-gde6-(Tlp:"($gde6-gde6-gde6-gde6-j Vj    D   Z   gde6-gde6-gde6-Hpl P Z"#N$&'0*t,j.t0,123*69gde6-gde6-gde6- & F p`gde6-90;2>v??(@(AB8C`E FF(GHK K KKKPKtKK $$Ifa$$If $ 7a$gde6-gde6-gde6-gde6-gde6-KKKKK $ 7a$gde6-NkdV$$Ifl0&?? t644 la6&P 1h:p=#. A!n"n#n$n% b$$IfP!vh55 #v#v :V l t'655 aPDyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126304#_Toc145126304}DyK _Toc145126304DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126305#_Toc145126305}DyK _Toc145126305DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126306#_Toc145126306}DyK _Toc145126306DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126307#_Toc145126307}DyK _Toc145126307DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126308#_Toc145126308}DyK _Toc145126308DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126309#_Toc145126309}DyK _Toc145126309DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126310#_Toc145126310}DyK _Toc145126310DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126311#_Toc145126311}DyK _Toc145126311DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126312#_Toc145126312}DyK _Toc145126312DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126313#_Toc145126313}DyK _Toc145126313DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126314#_Toc145126314}DyK _Toc145126314DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126315#_Toc145126315}DyK _Toc145126315DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126316#_Toc145126316}DyK _Toc145126316DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126317#_Toc145126317}DyK _Toc145126317DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126318#_Toc145126318}DyK _Toc145126318DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126319#_Toc145126319}DyK _Toc145126319DyK  yK @#!"/#AB02(=>20O @540:F8O).doc_Toc145126320#_Toc145126320}DyK _Toc145126320}DyK _Ref145125759}DyK _Ref145125779}DyK _Ref145125835}DyK _Ref145125892}DyK _Ref145125934}DyK _Ref145125956}DyK _Ref145125974}DyK _Ref145125997O$$If!vh5?5?#v?:V l t65?:`: e6-1KG=K9_HmHsHtHZ`Z e6- 03>;>2>: 1"$ & F 7x<@&a$5CJBA@B A=>2=>9 H@8DB 0170F0Xi@X 1KG=0O B01;8F04 l4a .k. 5B A?8A:08U`8 e6- 8?5@AAK;:0 >*ph4`4 e6- 3;02;5=85 1NQ`N e6-A=>2=>9 B5:AB 3$ Pa$Xo"Xe6- 170F 1.1$ & F((`a$ mHnHuJo2J e6-170F __ $ ((^a$XoBX e6-170F -/$ & F ((^`a$\oR\ e6- 170F 0)1)2)* & F nW7$8$H$^`WHobH e6- 170F 1.1.1$ & F((a$ ^ "& "& "& "& "& "& "& "& "& "& "& "& "& "& "& "& "& "&g J0gBSev֘1@F-N  Ie^*n m Cb%Ls?@pq    ">bcdefghijklmnopqrstuv~kjJ iWVh9]g !!!J""##$0$d$$'''o(()*+$,-.0J00{23345~77R8899_::{;<b=M>?@AgBBCDDDTEhEEEGNJKKKLMNOOPR'SSTnULW@XYZ[\\>]^]1_f`@aFbb~deYgh|jklmRnkno%ppUqqqrLrrsuGvvvwwwoxxy-zIzzK||||}~u~~+ـ\ہFن(@bьcȏ~xEۖ`֘|HQȞcP<ڡn,Υ!~@9vǬBYӱb'g+nۺtWt:1hh?}mi#r"Ch e68N@UTwxKa tj+F5Ku -Ss$S 6T-'B:5:Vz k  O             v:v:v:v:v:v:3v:3v:3v:3v:3v:3v:3v:3v:3v:3v:H%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%%%%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v: %v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%s%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v: %v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%v:%s%v:%v:%v:%s%v:%v:%v:%v:%v:%v:gv:gv:gv:t%v:%v:%v:%Ls?@pq    ">bcdefghijklmnopqrstuv]F v ` @ ~kjJ iWVh9]g !!!J""##$0$d$$'''o(()*+$,-.0J00{23345~77R8899_::{;<b=M>?@AgBBCDDDTEhEEEGNJKKKLMNOOPR'SSTnULW@XYZ[\\>]^]1_f`@aFbb~deYgh|jklmRnkno%ppUqqqrLrrsuGvvvwwwoxxy-zIzzK||||}~u~~+ـ\ہFن(@bьcȏ~xEۖ`֘|HQȞcP<ڡn,Υ!~@9vǬBYӱb'g+nۺtWt:1hh?}mi#r"Ch e68N@UTwxKa tj+F5Ku -Ss$S 6T-'B:5:Vz k  O             000000 00000000000 00000000000000000000000000000000000000000000000000000000000000000000000 0 00 00 00 0 0 0 00 0 0 0  0 0 0  0 0EE 0 0 0 0 0 0 0 0 0 0 0 0 0  0  0  0  0  0 00 00 0 0 0 0^(^(0^( 0^(^(0^( 0^(^( 0^(^( 0^(^( 0 000 00000 00000 000 00000 000 000 00 0000 000 00000 0 00 0 0000 0 0000 0 00000000 0 0DD 0D 0D 0D0D 0DD0D 0DD 0DD 0 0KK0K0K 0KK0K 0KK 0KK0K 0KK 0 0SS 0SS 0SS 0SS 0SS 0SS 0SS 0SS 0SS 0 0-]-] 0-]-] 0-]-] 0-]-] 0-]-] 0-]-]0-]0-]0-]0-] 0-]-]0-] 0-]-]0-] 0  0AnAn 0AnAn0An 0AnAn 0AnAn 0  0qq 0qq 0qq 0  0rr0r 0rr 06vr 06vr 06vr 06vr 06vr 06vr 06vr 06vr 06vr 0 6vr 0 6vr 0 6vr 0 6vr 0 6vr 06vr 06vr 06vr 06vr 06vr 06vr 0rr0r 0rr 0rr 0rr 0rr 0rr 0r 0r 0rr 0 rr 0 rr 0r 0r 0r 0r 0r 0r 0r 0 rr0r 0 rr 0 rr 0rr0r 0rr 0rr0r 0  0 0 0O 0O 0O 0O 0O 0O 0O 0O 0O 0 O 0 O 0 O 0 O 0 O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0O 0 0000000000 0 000 0 000 000000 0 0 0  0  0  0cc0c0c0c0c 0cc 0cc0c 0Wc 0Wc 0Wc 0Wc 0Wc 0Wc 0Wc 0Wc 0Wc 0 Wc 0 Wc 0cc 0c 0c 0c 0c 0c 0c 0c 0c 0c 0 c 0 c 0 c 0 c 0 c 0c 0c 0c 0c 0cc0c0c 0cc 0cc 0cc0c0c 0cc0c0c0c 0 cc 0 000 0 0 0 00 0 00 0 0 0  0  0  0 0 0  0! 0" 0  0# 0$ 0% 0& 0' 0( 0) 0* 0 0 0 0  0+ 0, 0- 0. 0/ 0 00 01 02 03 04 05 06 0 00 000 0 07 08 09 0: 0; 0 0< 0= 0> 0 0ii 0ii0i 0 0Z Z  0Z Z 000000 0 0 000%Ls?@pq    ">bcdefghijklmnopqrstuv]F v ` @ ~kjJ iWVh9]g !!!J""##$0$d$$'''o(()*+$,-.0J00{23345~77R8899_::{;<b=M>?@AgBBCDDDTEhEEEGNJKKKLMNOOPR'SSTnULW@XYZ[\\>]^]1_f`@aFbb~deYgh|jklmRnkno%ppUqqqrLrrsuGvvvwwwoxxy-zIzzK||||}~u~~+ـ\ہFن(@bьcȏ~xEۖ`֘|HQȞcP<ڡn,Υ!~@9vǬBYӱb'g+nۺtWt:1hh?}mi#r"Ch e68N@UTwxKa tj+F5Ku -Ss$S 6T-'B:5:Vz k  O             K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0@ K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0K0I0I0I0@I0I0 0 ,\t"%*"K8 , ,In@$Cbg"(9KK&'()*+,-.KKf <XZ[]%ACDF_ M w 1 U q s t v  ? [ ] ^ `  ; = > @ {crՃ܃߃ AI0\cfȅЅԅ  X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%X%̕ _Toc145126304 _Toc145126305 _Toc145126306 _Toc145126307 _Toc145126308 _Toc145126309 _Toc145126310BITSoft _Toc145126311OCRUncertain057 _Toc145126312OCRUncertain087 _Toc145126313 _Toc145126314 _Toc145126315 _Ref145125759 _Ref145125934 _Ref145125779 _Ref145125835 _Ref145125956 _Ref145125974 _Ref145125892 _Ref145125997 _Toc145126316 _Toc145126317 _Toc145126318 _Toc145126319 _Toc145126320Vo(0DKSS \>]mRnqrvvwwox|~~tzk   g(I0DKST \]]mjnqsvwwnxx|t~  ]#f b#\ ^#X _#c# ~Z  `  C*urn:schemas-microsoft-com:office:smarttagsmetricconverter>*urn:schemas-microsoft-com:office:smarttags PersonName <1993 31994 32002 32007 3 ProductIDKLu!  ;BKL $&34 ::<<GHEb :vVh !$0$o((w))11w44DDTEhEKKLL>]^]Fb     Vz3d@PmB.pP?^`?OJPJQJ^Jo(hH-pp^p`OJQJ^Jo(hHo@ @ ^@ `OJQJo(hH @ @ ^@ `hH. ^`hH. ^`hH. ^`hH. ^`hH. PP^P`hH.?^`?OJPJQJ^Jo(hH- ? ^ `?OJPJQJ^Jo(hH-@ @ ^@ `OJQJo(hH @ @ ^@ `hH. ^`hH. ^`hH. ^`hH. ^`hH. PP^P`hH. h^h`hH;020 . ^`hH.. 0^`0hH...: 0^`0hH)   ^ `hH ..... @ @ ^@ `hH ...... `^``hH.......  x`x^x``hH........  HH^H`hH.........mB,$ , d@L PS`1U0}@`1? q}}`1U0JJ` 3>AC40@AB25==>9 @538AB@0F88 Tereschenko Tereschenko   Oh+'0 (4 T ` lx(  Tereschenko Normal.dot Tereschenko1Microsoft Office Word@F#@R@V>R'՜.+,D՜.+,T hp|  .B  %  t  8@ _PID_HLINKSA, fKGb #!"/#AB02(=>20O @540:F8O).doc_Toc145126320#_Toc145126320BG\ #!"/#AB02(=>20O @540:F8O).doc_Toc145126319#_Toc145126319CGV #!"/#AB02(=>20O @540:F8O).doc_Toc145126318#_Toc145126318LGP #!"/#AB02(=>20O @540:F8O).doc_Toc145126317#_Toc145126317MGJ #!"/#AB02(=>20O @540:F8O).doc_Toc145126316#_Toc145126316NGD #!"/#AB02(=>20O @540:F8O).doc_Toc145126315#_Toc145126315OG> #!"/#AB02(=>20O @540:F8O).doc_Toc145126314#_Toc145126314HG8 #!"/#AB02(=>20O @540:F8O).doc_Toc145126313#_Toc145126313IG2 #!"/#AB02(=>20O @540:F8O).doc_Toc145126312#_Toc145126312JG, #!"/#AB02(=>20O @540:F8O).doc_Toc145126311#_Toc145126311KG& #!"/#AB02(=>20O @540:F8O).doc_Toc145126310#_Toc145126310BG  #!"/#AB02(=>20O @540:F8O).doc_Toc145126309#_Toc145126309CG #!"/#AB02(=>20O @540:F8O).doc_Toc145126308#_Toc145126308LG #!"/#AB02(=>20O @540:F8O).doc_Toc145126307#_Toc145126307MG #!"/#AB02(=>20O @540:F8O).doc_Toc145126306#_Toc145126306NG #!"/#AB02(=>20O @540:F8O).doc_Toc145126305#_Toc145126305OG #!"/#AB02(=>20O @540:F8O).doc_Toc145126304#_Toc145126304  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./123456789:;<=>@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry F0MRData 01Table?״WordDocument8^SummaryInformation(DocumentSummaryInformation8CompObjq  F Microsoft Office Word MSWordDocWord.Document.89q