ࡱ> IKDEFGHyHabjbj*{{ڝ8S<$i." ]i_i_i_i_i_i_i$$kmFi-iiBBBN ]iB]iBBBd!i\$UhfIii0ihfn@n!in!i(B |iiVBRin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`O2;OT 4C65 28A>:V 28<>38 4> >@30=V70FVW =02G0==O B0 28E>20==O 2 70:;040E >A2VB8, I>, 2 A2>N G5@3C, ?@8<CHCT =0C:>2FV2 B0 ?@0:B8:V2 HC:0B8 =>2V 5D5:B82=V ?A8E>;>3>-?5403>3VG=V ?V4E>48, 2V4?>2V4=V 28<>30< 68BBO.  ?@>1;5<0 ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:>;8, 7 FVTW B>G:8 7>@C, =01C20T >A>1;82>3> 7=0G5==O. !0<5 7 WW 28@VH5==O< ?>2`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`O7>: <V6 ?A8E>;>3VG=>N 3>B>2=VABN 4> H:V;L=>3> =02G0==O 4VB59 6-@VG=>3> 2V:C B0 WE H:V;L=>N CA?VH=VABN, @>7@>18B8 @5:><5=40FVW 2V4=>A=> ?@>DV;0:B8:8 H:V;L=>W =5CA?VH=>ABV <>;>4H8E H:>;O@V2, O:V =54>AB0B=L> 3>B>2V 4> H:>;8, B0 74V9A=5==O V=482V4C0;L=>3> ?V4E>4C 4> =8E. 040GV 4>A;V465==O: 82G8B8 B0 ?@>0=0;V7C20B8 ACG0A=C ?A8E>;>3>-?5403>3VG=C ;VB5@0BC@C 7 ?@>1;5<8 ?A8E>;>3VG=>W 3>B>2=>ABV 4> H:V;L=>3> =02G0==O. >A;V48B8 @V25=L 3>B>2=>ABV 4> H:V;L=>3> =02G0==O 4VB59 6-@VG=>3> 2V:C 70 4>?><>3>N 7030;L=> ?@89=OB8E ?A8E>4V03=>AB8G=8E <5B>48:. 8O28B8 >A=>2=V ?0@0<5B@8 =53>B>2=>ABV 4VB59 4> =02G0==O C H:>;V, WE ?>@V2=O;L=C G0AB>BC 2 ?>?C;OFVW 4>H:V;L=8:V2. @>25AB8 0=0;V7 72`O7:C @V2=O H:V;L=>W 7@V;>ABV B0 =0ABC?=>W CA?VH=>ABV H:>;O@V2. >7@>18B8 @5:><5=40FVW I>4> ?>?5@5460;L=>W :>@5:FV9=>- @>72820;L=>W @>1>B8 7 ?>4>;0==O ?@>1;5<8 =54>AB0B=L>W 3>B>2=>ABV 6-@VG=8E 4VB59 4> =02G0==O C H:>;V B0 ?@>DV;0:B8:8 H:V;L=>W =5CA?VH=>ABV. V?>B570 4>A;V465==O: O:I> 74V9A=N20B8 ?>?5@5460;L=C :>@5:FV9=>-@>72820;L=C @>1>B8 7 4VBL<8 7 =54>AB0B=L>N ?A8E>;>3VG=>N 3>B>2=VABN 4> H:V;L=>3> =02G0==O, B> <>6=0 7=0G=> ?>:@0I8B8 WE =0ABC?=C H:V;L=C CA?VH=VABL. 0C:>20 =>287=0 B0 ?@0:B8G=0 FV==VABL @>1>B8 T 2 B><C, I> WW @57C;LB0B8 <>6CBL 1CB8 28:>@8AB0=V 2 ?@0:B8G=V9 @>1>BV ?A8E>;>30 2 A8AB5<V >A2VB8 V A;C68B8 ?V4AB02>N 4;O A:;040==O W< 2;0A=8E ?@>3@0< ?A8E>:>@5:FV9=8E 70E>4V2 7 ?@>1;5<8 =54>AB0B=L>W 3>B>2=>ABV 4VB59 6-@VG=>3> 2V:C 4> H:V;L=>3> =02G0==O B0 ?>4>;0==O B0 ?@>DV;0:B8:8 H:V;L=>W =5CA?VH=>ABV <>;>4H8E H:>;O@V2. :A?5@8<5=B B0 0?@>10FVO =0A;V4:V2 4>A;V465==O 1C4CBL ?@>2545=V =0 107V A5@54=VE H:V; ! 83 B0 ! 148 <. %0@:>20. !B@C:BC@0 @>1>B8: @>1>B0 A:;040TBLAO 7V 2ABC?C, B5>@5B8G=>W 3;028, 28A=>2:V2, A?8A:C 28:>@8AB0=>W ;VB5@0BC@8 2 :V;L:>ABV 70 ?@8<V@=8:V2. 1. 82G5==O ?@>1;5<8 ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O 2 ACG0A=V9 ?A8E>;>3>-?5403>3VG=V9 ;VB5@0BC@V. V4 ?A8E>;>3VG=>W 3>B>2=VABN 4> H:V;L=>3> =02G0==O @>7C<VNBL =5>1EV4=89 B0 4>AB0B=V9 4;O 70A2>T==O H:V;L=>W =02G0;L=>W ?@>3@0<8 2 C<>20E =02G0==O 2 :>;5:B82V @>25A=8:V2 @V25=L ?A8EVG=>3> @>728B:C 48B8=8. A8E>;>3VG=0 3>B>2=VABL 48B8=8 4> H:V;L=>3> =02G0==O  F5 >48= 7 =09206;82VH8E ?V4AC<:V2 ?A8EVG=>3> @>728B:C 2 ?5@V>4 4>H:V;L=>3> 48B8=AB20.  C@0EC20==O< B>3>, I> H:V;L=5 =02G0==O ?>G8=0TBLAO AL>3>4=V 7 6-@VG=>3> 2V:C, >E0@0:B5@87CT<> >A=>2=V >A>1;82>ABV ?A8E>DV7V>;>3VG=>3> @>728B:C 4VB59 AB0@H>3> 4>H:V;L=>3> 2V:C. 1.1. A8E>;>3VG=0 E0@0:B5@8AB8:0 AB0@H>3> 4>H:V;L=>3> 2V:C. > :V=FO 4>H:V;L=>3> 2V:C 2V41C20TBLAO 4C65 1030B> 7<V= =0A0<?5@54 2 >A>18ABVA=><C @>728B:C 48B8=8. >=0 4>1@5 CA2V4><;NT A2>N AB0B52C ?@8=0;56=VABL, 7=0E>48BL A>1V <VAF5 2 ?@>AB>@V V G0AV. >=0 265 >@VT=BCTBLAO 2 @>48==8E 2V4=>H5==OE V 2<VT 1C4C20B8 2V4=>H5==O 7 4>@>A;8<8 V@>2VA=8:0<8: <0T =028G:8 A0<>2;040==O, C<VT ?V4?>@O4:C20B8 A515 >1AB028=0<, 1CB8 =5?>E8B=>N C A2>WE 1060==OE. # B0:>W 48B8=8 265 @>728B0 @5D;5:AVO. # O:>ABV =09206;82VH>3> 4>AO3=5==O 2 @>728B:C >A>18AB>ABV 48B8=8 28ABC?0T ?5@52060==O ?>GCBBO / ?>28==89 =04 <>B82>< / E>GC. !0<5 >A>1;8ABVA=89 @>728B>:, ?5@H 70 2A5, 9 4>72>;82 ?>AB028B8 ?@> <>6;82VABL H:V;L=>3> =02G0==O 7 6 @>:V2. A8E>;>38 B0 ?5403>38 =02>4OBL 1030B> 4>2>4V2 "70" B0 "?@>B8" H:V;L=>3> =02G0==O 7 H5AB8 @>:V2. 091V;LH A5@9>7=V 70?5@5G5==O ?@>B8 H:V;L=>3> =02G0==O 2 FL><C 2VFV 4>2>482 2 A2V9 G0A .. ;L:>=V=. V= ?8A02, I> ?5@5EV4 =0 =0ABC?=89, 1V;LH 28A>:89 5B0? @>728B:C 4VB59 287=0G0TBLAO B8<, =0A:V;L:8 ?>2=> ?@>68B89 ?>?5@54=V9 ?5@V>4, =0A:V;L:8 4>7@V;8 BV 2=CB@VH=V ?@>B8@VGGO, O:V <>6CBL 28@VH8B8AO H;OE>< B0:>3> ?5@5E>4C. /:I> 6 2V= 1C45 74V9A=5=89 4> B>3>, O: FV ?@>B8@VGGO 4>7@V;8,  HBCG=> D>@A>20=89 157 @0EC=:C >1 T:B82=8E D0:B>@V2,  B> VAB>B=> ?>AB@0640T D>@<C20==O >A>18AB>ABV 48B8=8. !:>@>G5==O 4>H:V;L=>3> 48B8=AB20 =0 >48= @V: <>65 ?>@CH8B8 A:;045=89 ?@>F5A @>728B:C 48B8=8 V =5 ?@8=5AB8 :>@8ABV. .. ;L:>=V= 220602, I> 70<VABL >@30=V70FVW H:V;L=>3> =02G0==O 7 H5AB8 @>:V2 4>FV;L=VH5 ?>H8@N20B8 <5@56C ?V43>B>2G8E 3@C? C 48BOG8E A04:0E, 45 7@CG=VH5 3>BC20B8 4VB59 4> H:>;8  >A:V;L:8 4VBO< C 48BOG><C A04:C :@0I5, 2>=8 682CBL 1V;LH ?>2=8<, 1V;LH @V7=><0=VB=8< 68BBO< V <0NBL 1V;LH 68BBT@04VA=89 B0 74>@>289 283;O4, =V6 WE >4=>;VB:8, O:V E>4OBL 4> H:>;8.  4V9A=>, :><?;5:A=5 >1AB565==O @V7=8E AB>@V= @>728B:C H5AB8@VG=8E 4VB59 ?>:070;>, I> 2>=8 2V4GC20NBL A515 A?>:V9=VH5 B0 C?52=5=>  ?A8E>;>3VG=> :><D>@B=>  ?@8 =02G0==V 2 ?V43>B>2G8E 3@C?0E 48BOG8E A04:V2, =V6 C ?5@H8E :;0A0E H:>;8.  A?@020 BCB =5 BV;L:8 2 B><C, I> C<>28 48BOG>3> A04:C 7@CG=VHV 4;O 48B8=8 V F8< ?>;53HCTBLAO ?@>F5A WW 040?B0FVW 4> =>2>W =02G0;L=>W 4VO;L=>ABV. >;>2=0 ?@8G8=0 ?>;O30T 2 B><C, I> C 48BOG8E A04:0E >A>1;8289 @8B< 68BBO, AB8;L A?V;:C20==O 4VB59 7 4>@>A;8<8 B0 <V6 A>1>N, I> 1V;LH5 2V4?>2V40T @V2=N @>728B:C ?A8EV:8 48B8=8-4>H:V;L=8:0.  A8;C A2>TW A>FV0;L=>W =5AB01V;L=>ABV, B@C4=>IV2 ?@8AB>AC20==O 4> =>28E C<>2 V 2V4=>A8= H5AB8@VG=0 48B8=0 3>AB@> ?>B@51CT 157?>A5@54=VE 5<>FV9=8E :>=B0:BV2, 0;5 C D>@<0;V7>20=8E C<>20E H:V;L=>3> =02G0==O FO ?>B@510 =5 704>2>;L=OTBLAO. 5 18 48B8=0 =5 =02G0;0AO C A2>W HVABL @>:V2, 2G8B5;L B0 28E>20B5;L ?>28==V 2@0E>2C20B8 WW 2V:>2V >A>1;82>ABV. 0?@8:;04, @07 H5AB8@VG=0 48B8=0 H284:> 2B><;NTBLAO, 28:>=CNGV >4=C V BC 6 @>1>BC, 2 :;0AV B@510 70157?5G8B8 7<V=C @V7=><0=VB=8E 284V2 4VO;L=>ABV. #@>: V7-70 FL>3> A:;040TBLAO 7 45O:8E G0AB8=, 7 T4=0=8E A?V;L=>N B5<>N. 5<>6=0 4020B8 70240==O, O:V ?>B@51CNBL 2V4 48B8=8 B@820;>3> 7>A5@5465==O 7>@C =0 >4=V< ?@54<5BV, 28:>=0==O A5@VW >4=><0=VB=8E B>G=8E @CEV2. "0: O: 48B8=0 ?@03=5 2A5 282G8B8 2 =0>G=>->1@07=><C B0 =0>G=>-4VNG><C ?;0=0E, 7=0G=5 <VAF5 ?>28==> 2V42>48B8AO WW ?@0:B8G=8< 4VO< 7 ?@54<5B0<8, @>1>BV 7 =0>G=8< <0B5@V0;><. 024O:8 I5 =5768B>W ?>B@518 4> 3@8 B0 =0?@C65=V9 5<>FV9=V9 =0A8G5=>ABV 2AL>3> 68BBO, H5AB8@VG=0 48B8=0 7=0G=> :@0I5 70A2>NT ?@>3@0<C 2 V3@>2V9 D>@<V, G8< C AB0=40@B=V9 A8BC0FVW =02G0;L=>3> 70=OBBO. "><C =5>1EV4=> ?>ABV9=5 2:;NG5==O 4> C@>:C 5;5<5=BV2 3@8, ?@>2545==O A?5FV0;L=8E 4840:B8G=8E V3>@ B0 V3>@, O:V @>72820NBL 74V1=>ABV 48B8=8. 02G0==O H5AB8@VG=8E 4VB59 ?@8?CA:0T ?>;53H5=89 @568< (B@820;VABL C@>:C =5 1V;LH5 35 E28;8=, 2 ?5@5@20E  DV78G=V E28;8=:8 B0 V3@8), 2V4=>A=> =525;8G:89 >1AO3 =02G0;L=>3> <0B5@V0;C, >A>1;82V ?@>3@0<8 B0 <5B>48 =02G0==O. 5 ?5@5;VGCNG8 2AVE >A>1;82>AB59 ?>1C4>28 C@>:C, 2V4<VB8<> >48= ?@8=F8?>2> 206;8289 <><5=B.  HVABL @>:V2 I5 VA=CNBL 7=0G=V B@C4=>IV 7 4>2V;L=>N ?>254V=:>N: 2 4>H:V;L=><C 2VFV 2>=0 BV;L:8 ?>G8=0T D>@<C20B8AO. 28G09=> 48B8=0 265 <>65 O:89-B> G0A :5@C20B8 A2>TN ?>254V=:>N, A2V4><> 4>1820B8AO 4>AO3=5==O ?>AB02;5=>W ?5@54 =5N <5B8, 0;5 2>=0 ;53:> 2V425@B0T C203C 2V4 A2>WE =0<V@V2, ?5@5:;NG0T WW =0 I>AL =>25, =5A?>4V20=5, ?@8201;825. V;LH B>3>, C H5AB8@VG=8E 4VB59 =54>AB0B=L> @>728=CB89 <5E0=V7< @53C;OFVW 4VO;L=>ABV, O:0 A?8@0TBLAO =0 A>FV0;L=V =>@<8 B0 ?@028;0, WE 0:B82=VABL, B2>@G0 V=VFV0B82=VABL =5 <>6CBL ?@>O2;OB8AO 2 C<>20E 6>@AB>:8E 28<>3, 3>AB@> @53;0<5=B>20=>3> A?V;:C20==O. >2V@0, 4>1@>78G;82VABL, A2>TG0A=5 70>E>G5==O  B0:8< ?>28==> 1CB8 2V4=>H5==O 4>@>A;8E 4> 4VB59, O:V 3>BCNBLAO 4> 2ABC?C 4> H:>;8. #G1>20 4VO;L=VABL  4VO;L=VABL :>;5:B82=0. #G=V ?>28==V =02G8B8AO 4V;>2><C A?V;:C20==N 4@C3 7 4@C3><, 2<V==N CA?VH=> 270T<>4VOB8, 28:>=C20B8 A?V;L=V CG1>2V 4VW (=>20 D>@<0 A?V;:C20==O 7 >4=>;VB:0<8). !0<5 B><C, :@V< 2V4=>H5==O 4> =02G0==O, 4;O 48B8=8, O:0 718@0TBLAO 9B8 4> H:>;8, 206;82> 2V4=>H5==O 4> 2G8B5;O, >4=>;VB>: B0 A0<>W A515.  :V=FV 4>H:V;L=>3> 2V:C ?>28==0 A:;0AB8AO B0:0 D>@<0 A?V;:C20==O 48B8=8 7 4>@>A;8<8, O: ?>70A8BC0B82=5 >A>18ABVA=5 A?V;:C20==O (70 4C<:>N .. 8A8=>W). >@>A;89 AB0T =570?5@5G=8< 02B>@8B5B><, 7@07:>< 4;O =0A;V4C20==O. >3> 28<>38 28:>=CNBLAO, =0 9>3> 70C2065==O =5 >1@060NBLAO. @8 B0:><C 2<V==V 2V4=>A8B8AO 4> 4>@>A;8E B0 WE 4VO<, O: 4> 5B0;>=C, 4VB8 045:20B=> ?@89<0NBL ?>78FVN 2G8B5;O, 9>3> ?@>D5AV9=C @>;L. A>18ABVA=V >A>1;82>ABV H5AB8@VG=8E 4VB59 AB2>@NNBL 4>40B:>2V B@C4=>IV 2 ?@>F5AV =02G0==O. V7=020;L=V <>B828, O:V 2V4?>2V40NBL 7040G0< =02G0==O, I5 =5 ABV9:8 9 A8BC0B82=V, B><C ?V4 G0A CG1>28E 70=OBL C 1V;LH>W :V;L:>ABV 4VB59 2>=8 7 O2;ONBLAO B0 ?V4B@8<CNBLAO BV;L:8 7024O:8 7CA8;;O< 2G8B5;O. V428I5=0 A0<>>FV=:0, O:0 VA=CT C 1030BL>E 4VB59, ?@82>48BL 4> B>3>, I> W< 206:> 7@>7C<VB8 :@8B5@VW ?5403>3VG=>W >FV=:8. >=8 22060NBL >FV=:C A2>TW CG1>2>W ?@0FV >FV=:>N >A>18AB>ABV FV;:><, V :>;8 2G8B5;L 3>2>@8BL: ""8 7@>182 =52V@=>", - F5 A?@89<0TBLAO, O: ""8 ?>30=89". B@8<0==O =530B82=8E >FV=>:, 70C2065=L 28:;8:0T B@82>6=VABL, AB0= 48A:><D>@BC, V7-70 O:8E 7=0G=0 G0AB8=0 CG=V2 AB0T ?0A82=>N, 70;8H0T ?>G0BCN @>1>BC 01> ?>B@51CT 4>?><>38 2G8B5;O. 5ABV9:VABL ?>254V=:8, I> 70;568BL 2V4 5<>FV9=>3> AB0=C 48B8=8, CA:;04=NT 2V4=>H5==O O: 7 ?5403>3><, B0: V :>;5:B82=C @>1>BC 4VB59 =0 C@>:0E. 8B8=0 H5AB8 @>:V2 ?>28==0 1CB8 2?52=5=>N 2 A2>WE A8;0E. A5 @V2=> =02VBL, C O:V9 A?@02V 2>=0 1C45 4>AO30B8 CA?VEC.  FL><C 2VFV 4VB8 C7030;L=NNBL 240GV B0 =5240GV. >@>A;V ?>28==V A?>:V9=> 2V4=>A8B8AL 4> =5240G 4VB59, V=0:H5 WE 715=B565==O ?5@540TBLAO 4VBO<. 51060==O 48B8=8 G8B0B8, ?8A0B8 <>6=0 ?>OA=8B8 B8<, I> 2>=0 I5 =5 4>3@0;0. 0 28<>3>N 4>@>A;8E 4>H:V;L=8: ?5@5AB0T 3@0B8, 0;5 7>2AV< =5 2V4<>28BLAO 2V4 3@8, 1C45 ?@>4>26C20B8 3@0B8 B09:><0. V6 B8<, ?A8E>;>38 70B25@46CNBL, I> 2V;L=0 3@0, A?V;:C20==O 7 >4=>;VB:0<8 @>72820NBL <8A;5==O, D0=B07VN, 5<>FV9=89 <8@ 48B8=8. >;8 2>=8 3@0NBL, A?5@5G0NBLAO, 2AB0=>2;NNBL ?@028;0, 2G0BLAO 4><>2;OB8AO, 7=0E>48B8 4> A?V;L=8E @VH5=L, 2>=8 70A2>NNBL 1030B> O:>AB59, O:V =5>1EV4=V 4;O CA?VH=>3> =02G0==O. >=8 2G0BLAO GVB:> 704020B8 ?8B0==O, A0<8< 2V4AB>N20B8 B>G:C 7>@C. # 3@V 4VB8 7=0E>4OBL =028G:8 A>FV0;L=>W ?>254V=:8, 0 F5  206;8289 5;5<5=B 3>B>2=>ABV 48B8=8 4> =02G0==O B0 040?B0FVW 4> =02:>;8H=L>3> A2VBC. 8B8=0, O:0 2<VT A?V;:C20B8AO, @>7C<VT V=H8E ;N459 B0 WE ?>GCBBO, C?52=5=0 2 A>1V, 1C45 2G8BLAO CA?VH=VH5. "@510 70?0<`OB0B8: 3@0  F5 H:>;0 A?V2@>1VB=8FB20, H:>;0 A?V;:C20==O 48B8=8 7 V=H8<8 4VBL<8 01> 4>@>A;8<8; 2>=0 2G8BL @04VB8 CA?VEC V=H>3>, O: A2>T<C, ABV9:> ?5@5=>A8B8 =5240GV. 3@8 <0:A8<0;L=> :>@8A=V 4;O @>728B:C 48B8=8, O:I> 2>=8 ?@>E>4OBL 2 C<>20E 4>1@>78G;82>ABV, 270T<>?V4B@8<:8, 2 >1AB0=>2FV 28304:8 B0 D0=B07VW. )> 6 2V41C20TBLAO 7 48B8=>N, O:I> 2>=0 2A5-B0:8 ?>?040T C D>@<0;V7>20=C A8AB5<C H:V;L=>3> =02G0==O, 2 O:V9 =54>AB0B=L> 2@0E>2CNBLAO WW 2V:>2V >A>1;82>ABV? /: 4>25;8 :><?;5:A=V 4>A;V465==O, C =5A?@8OB;828E C<>20E G0AB> ?>3V@HCTBLAO AB0= 74>@>2 O 4VB59: <>65 7=86C20B8AO 2030, 7<5=HC20B8AO :V;L:VABL 35<>3;>1V=0 2 :@>2V; 7=86CTBLAO 3>AB@>B0 7>@C, 7 O2;ONBLAO 3>;>2=V 1V;V. # 72 O7:C 7 ?>3V@H5==O< 7030;L=>3> A0<>?>GC20==O 48B8=0 ?>G8=0T G0AB> E2>@VB8, 7=86CTBLAO WW V B0: =525;8:0 ?@0F5740B=VABL, I> =530B82=> 2?;820T =0 =02G0==O.  >:@5<8E 28?04:0E 7 O2;ONBLAO =52@>78, H:V;L=0 457040?B0FVO. &V:025 2 ?A8E>;>3VG=><C ?;0=V O28I5 1C;> 28O2;5=> ?V4 :5@V2=8FB2>< ..;L:>=V=0. 8O28;>AL, I> C H5AB8@VG=8E 4VB59 2 C<>20E @53;0<5=B>20=>3> A?V;:C20==O H284H5, =V6 C 48BOG><C A04:C, D>@<CTBLAO 2<V==O ?V4:>@OB8AO VA=CNG8< ?@028;0< ?>254V=:8. ;5 ?@8 FL><C ?5@52060T =5 704>2>;5==O 2V4 4>B@8<0==O F8E ?@028;, 0 >AB@0E WE ?>@CH8B8. # 4VB59 ?V428ICTBLAO B@82>6=VABL, 7=86CTBLAO @V25=L 5<>FV9=>3> :><D>@BC.  B>9 65 G0A 0=0;>3VG=89 AB8;L A?V;:C20==O =5 ?@82>48BL 4> ?>4V1=>3> 5D5:BC C 1V;LH>ABV A5<8@VG=8E ?5@H>:;0A=8:V2. # 2V4=>A=> 6 A?@8OB;828E C<>20E =02G0==O ?A8E>;>3VG=0 =0?@C65=VABL 728G09=> ?>G8=0T 7<5=HC20B8AO G5@57 1,5-2 <VAOFO.  1V;LH 6>@AB>:8E C<>20E 2>=0 715@V30TBLAO, 28:;8:0T ?>1VG=V 5D5:B8 O: 2 ?A8E>;>3VG=><C, B0: V A><0B8G=><C ?;0=0E. !B0@H89 4>H:V;L=89 2V: T ?5@V>4>< V=B5=A82=>3> ?A8EVG=>3> @>728B:C. A>1;82>ABV FL>3> 5B0?C ?>;O30NBL C ?@>3@5A82=8E 7<V=0E 2 CAVE AD5@0E, ?>G8=0NG8 7 24>A:>=0;5==O ?A8E>DV7V>;>3VG=8E DC=:FV9 V 70:V=GCNG8 28=8:=5==O< A:;04=8E >A>18ABVA=8E =>2>CB2>@5=L. ?8H5<> 1V;LH 4>:;04=> ?A8E>DV7V>;>3VG=V B0 <>@D>DC=:FV>=0;L=V >A>1;82>ABV H5AB8@VG=8E 4VB59. >;>2=0 >A>1;82VABL H5AB8@VG=8E 4VB59 ?>;O30T 2 B><C, I> :>@0 WE 3>;>2=>3> <>7:C I5 =5 A:V=G8;0 A2>3> @>728B:C. V4><>, I> 4VO;L=VABL :>@8 25;8:8E ?V2:C;L 3>;>2=>3> <>7:C 287=0G0TBLAO 42><0 >A=>2=8<8 ?@>F5A0<8: 71C465==O< B0 30;L<C20==O<, 2V4 A?V22V4=>H5==O O:8E 70;568BL ?@0F5740B=VABL. # 4VB59 (G8< <>;>4H5 2V:, B8< A8;L=VH5) ?5@52060NBL ?@>F5A8 71C465==O.  6 @>:0< 265 @>728=5=V B0:V >A=>2=V O:>ABV =5@2>28E ?@>F5AV2, O: A8;0, @CE;82VABL V C@V2=>2065=VABL. 4=0:, 2AV FV O:>ABV E0@0:B5@87CNBLAO =5ABV9:VABN.  A8;C A2>WE DV7V>;>3VG=8E >A>1;82>AB59 H5AB8@VG=V 4VB8 =5 <>6CBL 4>23> 709<0B8AO >4=V9 V B>9 65 A?@02>N, A84VB8 =5@CE><> V <>2G:8: 2V41C20TBLAO 2V4:;NG5==O C2038, >A:V;L:8 2 =8E <8<>2V;L=0 (?0A82=0) C2030 ?5@52060T =04 4>2V;L=>N (0:B82=>N). AB0=>2;5=>, I> 4VB8 C 2VFV 5-7 @>:V2 <>6CBL 715@V30B8 0:B82=C C203C 2AL>3> 15-20 E28;8=. #2030 48B8=8 7>A5@546CTBLAO =0 ?@54<5BV, I> 28:;8:0T A8;L=5 5<>FV9=5 2@065==O. 0?@8:;04, =0 ?@54<5BV, O:89 70FV:0282 WW =>287=>N, =5728G09=VABN, OA:@02VABN. $>@<C20==O 4>2V;L=>W C2038 48B8=8 A?@8OT WW CG0ABN 2 70=OBBOE, V3@0E, I> ?@8?CA:0NBL =0O2=VABL 704C<C. &5 AN65B=>-@>;L>2V V3@8, <0;N20==O, :>=AB@CN20==O, 0?;V:0FVO B0 V=HV, 70=OBBO, I> 4C65 ?>;N1;ONBL 4VB8.  HVABL @>:V2 =0 AB04VW @>728B:C V 24>A:>=0;5==O ?@>4>26CNBL 7=0E>48B8AO 7>@>289 B0 A;CE>289 0=0;V70B>@8. # 48B8=8 2 FL><C 2VFV 3>AB@>B0 A;CEC =0 A;>20 =86G5, =V6 =0 B>=8; BV;L:8 I5 ?>G8=0T 24>A:>=0;N20B8AO 3;818==89 7V@, 0 740B=VABL 4> >1`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`O7>20 A8AB5<0. VB8 265 <>6CBL 28:>=C20B8 @V7=V DV78G=V 2?@028, I> ?>B@51CNBL ?52=>W :>>@48=0FVW (C73>465=>ABV) @CEV2, H284:> 1V30B8, AB@810B8. 4=0: 4@V1=V @CE8, I> =5>1EV4=V 4;O <0;N20==O, ?;5B5==O, ;V?;5==O, 28:>=CNBLAO 7 =0?@C3>N, B0: O: 2 6 @>:V2 I5 A;01> @>728=5=V 4@V1=V <`O78 ?0;LFV2 B0 :VAB59 @C:.  F8< ?>2`O70=V V B@C4=>IV 28@>1:8 =028G>: ?8AL<0. "><C =020=B065==O =0 4@V1=V <`O78 ?0;LFV2 B0 :VAB59 @C: ?>28==5 1CB8 >1<565=5, V=0:H5 H284:> =0ABC?0T 2B><;5=VABL V <>6CBL 7`O28B8AO ?>@CH5==O C 74>@>2`W.  6 @>:0< >?>@=>-@CE>289 0?0@0B 48B8=8, :VAB:>20 B0 <`O7>20 A8AB5<8 I5 =5 >B@8<CNBL ?>2=>3> @>728B:C. "><C 4VB8 G0AB> ?@89<0NBL =5?@028;L=V ?>78: 3>;>20 =0E8;5=0, ACBC;0 A?8=0, 70?0;0 3@C4=0 :;VB8=0. 5?@028;L=0 ?>70 ?V4 G0A 70=OBL, 71V;LH5==O AB0B8G=>3> =020=B065==O ?@8 B@820;><C A84V==V, =5@V2=><V@=VABL =020=B065==O =0 <`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`W, I> 1C;8 C 48B8=8 @0=VH5 V ?@>BV:0;8 =5?><VB=>. # 72`O7:C 7 V=B5=A82=8< V =5@V2=><V@=8< B5<?>< @>728B:C @V7=8E A8AB5< >@30=V7<C B0 >A>1;82>ABO<8 C<>2 68BBO 4VB8 >4=>3> V B>3> 6 2V:C <0NBL V=482V4C0;L=V 2V4<V==>ABV C AB0=V 74>@>2`O V @V2=V DC=:FV>=0;L=>3> @>728B:C B8E DC=:FV9 V A8AB5<, I> 28?@>1CNBL =0?@C65==O =0 ?>G0B:>2><C 5B0?V H:V;L=>3> =02G0==O V I> ?@89=OB> =07820B8 H:V;L=>-=5>1EV4=8<8 DC=:FVO<8. "0:8< G8=><, I>1 48B8=0 <>3;0 CA?VH=> =02G0B8AO V 28:>=C20B8 A2>W >1>2`O7:8, 2>=0 4> 2ABC?C 4> H:>;8 ?>28==0 4>AO3B8 ?52=>3> @V2=O DV78G=>3> B0 ?A8EVG=>3> @>728B:C, I> C :C?V 287=0G0T WW DC=:FV>=0;L=C 3>B>2=VABL 4> =02G0==O, B>1B> H:V;L=C 7@V;VABL. 5;8:5 7=0G5==O C =02G0==V <0T H284:VABL B0 <VF=VABL AB2>@5==O C<>2=8E 72`O7:V2, I> ;560BL 2 >A=>2V H:V;L=>W CA?VH=>ABV. # 48B8=8 ?>28==0 1CB8 28@>1;5=0 740B=VABL 30;L<C20B8 =0 287=0G5=89 G0A 7030;L=C @CE;82C 0:B82=VABL.  V=H>3> 1>:C, ?>28==0 1CB8 28@>1;5=0 740B=VABL 157 7092>3> =0?@C65==O <`O7V2 715@V30B8 =5>1EV4=C @>1>GC ?>7C. , I> >A>1;82> 206;825 4;O 28:>=0==O ?8AL<>28E @>1VB V <0;N20==O, =5>1EV4=89 ?52=89 @>728B>: 4@V1=8E <`O7V2 :VABV, :>>@48=0FVO (C73>465=VABL) @CEV2 ?0;LFV2 @C:. 06;82C @>;L 2 ?>40;LH><C =02G0==V 2V4V3@0T ?@028;L=89 @>728B>: <>28 48B8=8. >728B>: ?A8EV:8, <>B>@8:8 V <>28 27030;V 287=0G0NBL @V25=L DC=:FV>=0;L=>W 3>B>2=>ABV 48B8=8 4> H:>;8, B>1B> WW <091CB=V ?@0F5740B=VABL, H:V;L=C CA?VH=VABL V AB0= 74>@>2`O. >@>B:> >E0@0:B5@87CT<> B0:>6 >A>1;82>ABV @>728B:C ?V7=020;L=>W AD5@8 4>H:V;L=8:V2. # AD5@V 2V4GCBBV2 2V4<VG0TBLAO ACBBT25 7=865==O ?>@>3V2 2AVE 284V2 GCB;82>ABV. V428ICTBLAO 48D5@5=FV9>20=VABL A?@89=OBBO. A>1;82C @>;L 2 @>728B:C A?@89<0==O 2 AB0@H><C 4>H:V;L=><C 2VFV 2V4V3@0T ?5@5EV4 2V4 28:>@8AB0==O ?@54<5B=8E >1@07V2 4> A5=A>@=8E 5B0;>=V2  7030;L=>?@89=OB8E CO2;5=L ?@> >A=>2=V 2848 :>6=>W 2;0AB82>ABV.  H5AB8@VG=><C 2V:C @>72820TBLAO GVB:0 281>@=VABL A?@89=OBBO ?> 2V4=>H5==N 4> A>FV0;L=8E >1`T:BV2. #2030 2 4>H:V;L=><C 2VFV =>A8BL <8<>2V;L=89 E0@0:B5@. !B0= ?V428I5=>W C2038 ?>2`O70=89 7 >@VT=BC20==O< 2 7>2=VH=L><C A5@54>28IV, 7 5<>FV9=8<8 2V4=>A8=0<8 4> =L>3>, ?@8 FL><C 7<VAB>2=V >A>1;82>ABV 7>2=VH=VE 2@065=L, I> 70157?5GCNBL B0:5 ?V428I5==O, 7 2V:>< 7<V=NNBLAO. !CBBT25 ?V428I5==O ABV9:>ABV C2038 2V4<VG0TBLAO 2 4>A;V465==OE, ?@8 O:8E 4VBO< ?@>?>=CNBL @>73;O40B8 :0@B8=:8, >?8AC20B8 WE 7<VAB, A;CE0B8 >?>2V40==O. 5@5;><=0 <8BL 2 @>728B:C C2038 ?>2`O70=0 7 B8<, I> 4VB8 2?5@H5 ?>G8=0NBL A2V4><> :5@C20B8 A2>TN C203>N, A?@O<>2CNG8 V CB@8<CNG8 WW =0 ?52=8E ?@54<5B0E. ;O FVTW <5B8 AB0@H89 4>H:V;L=8: :>@8ABCTBLAO ?52=8<8 70E>40<8, I> ?5@59<0T 2V4 4>@>A;8E. "0:8< G8=><, <>6;82>ABV FVTW =>2>W D>@<8 C2038  4>2V;L=>W C2038  4> 6-7-@>:V2 265 4>AB0B=L> 25;8:V.  7=0G=><C ABC?5=V FL><C A?@8OT 24>A:>=0;5==O ?;0=CNG>W DC=:FVW <>28, I> T  C=V25@A0;L=8< 70A>1>< >@30=V70FVW C2038 (.!. CEV=0). >20 40T <>6;82>ABV 70740;53V4L A;>25A=> 284V;OB8 7=0GCIV 4;O ?52=>W 7040GV ?@54<5B8, >@30=V7C20B8 C203C, 2@0E>2CNG8 E0@0:B5@ <091CB=L>W 4VO;L=>ABV. 5 482;OG8AL =0 ACBBT2V 7@CH5==O 2 @>728B:C C2038, I> ?5@52060T =0 ?@>BO7V 2AL>3> H:V;L=>3> ?5@V>4C, 70;8H0TBLAO <8<>2V;L=0 C2030. 02VBL AB0@H8< 4>H:V;L=8:0< I5 206:> 7>A5@548B8AO =0 >4=><0=VB=V9 V =5FV:02V9 4VO;L=>ABV; =02?0:8, 2 ?@>F5AV FV:02>W 4;O =8E 3@8 C2030 <>65 1CB8 4>AB0B=L> ABV9:>N. >4V1=V 2V:>2V 70:>=><V@=>ABV 2V4<VG0NBLAO V 2 ?@>F5AV @>728B:C ?0<`OBV. 0<`OBL 2 AB0=40@B=><C 4>H:V;L=><C 2VFV <0T <8<>2V;L=89 E0@0:B5@. 8B8=0 :@0I5 70?0<`OB>2CT B5, I> 4;O =5W 28:;8:0T =091V;LH89 V=B5@5A, 70;8H0T =091V;LHV 2@065==O. "0:8< G8=><, >1AO3 DV:A>20=>3> <0B5@V0;C 287=0G0TBLAO 5<>FV9=8< 2V4=>H5==O< 4> 40=>3> ?@54<5BC 01> O28IC. 0 7@V2=O==O< 7 <>;>4H8< V A5@54=V< 4>H:V;L=8< 2V:>< 2V4=>A=0 @>;L <8<>2V;L=>3> 70?0<`OB>2C20==O C 6-7-@VG=8E 4VB59 45:V;L:0 7=86CTBLAO, @07>< 7 B8< <VF=VABL 70?0<`OB>2C20==O ?V428ICTBLAO.  AB0@H><C 4>H:V;L=><C 2VFV 48B8=0 A?@><>6=0 2V4B2>@8B8 >B@8<0=V 2@065==O G5@57 4>AB0B=L> B@820;89 AB@>:. 4=8< 7 >A=>2=8E 4>AO3=5=L AB0@H>3> 4>H:V;L=8:0 T @>728B>: 4>2V;L=>3> 70?0<`OB>2C20==O. 5O:V D>@<8 FL>3> 70?0<`OB>2C20==O <>6=0 2V4<VB8B8 2 2VFV 4-5 @>:V2, >4=0: 7=0G=>3> @>728B:C 2>=> 4>AO30T 4> 6-7 @>:V2. &L><C A?@8OT V3@>20 4VO;L=VABL, 2 E>4V O:>W 2<V==O 70?0<`OB>2C20B8 V 2G0A=> 2V4B2>@N20B8 =5>1EV4=V 7=0==O T >4=8< 7 C<>2 4>AO3=5==O CA?VEC. 06;82>N >A>1;82VABN FL>3> 2V:C T B0 >1AB028=0, I> ?5@54 48B8=>N 6-7 @>:V2 <>65 1CB8 28AC=CB0 <5B0, I> A?@O<>20=0 =0 70?0<`OB>2C20==O ?52=>3> <0B5@V0;C. 0O2=VABL B0:>W <>6;82>ABV ?>2`O70=0 7 B8<, I> 48B8=0 ?>G8=0T 28:>@8AB>2C20B8 @V7=V 70E>48, A?5FV0;L=> ?@87=0G5=V 4;O ?V428I5==O 5D5:B82=>ABV 70?0<`OB>2C20==O: ?>2B>@5==O, 7<VAB>2=5 V 0A>FV0B82=5 72`O7C20==O <0B5@V0;C. "0:8< G8=><, : 6-7 @>:0< AB@C:BC@0 ?0<`OBV ?5@5B5@?;NT ACBBT2V 7<V=8, I> ?>2`O70=V V7 7=0G=8< @>728B:>< 4>2V;L=8E D>@< 70?0<`OB>2C20==O V ?@8304C20==O. 8<>2V;L=0 ?0<`OBL, I> =5 ?>2`O70=0 7 0:B82=8< 2V4=>H5==O< 4> ?>B>G=V9 4VO;L=>ABV, 28O2;OTBLAO <5=H ?@>4C:B82=>N, E>G0 2 7030;V FO D>@<0 ?0<`OBV 715@V30T 4><V=CNG5 AB0=>28I5. >4V1=5 A?V22V4=>H5==O 4>2V;L=>W V <8<>2V;L=>W D>@< 2V4<VG0TBLAO C 2V4=>H5==V B0:>W ?A8EVG=>W DC=:FVW, O: CO20. 5;8:89 AB@81>: 2 WW @>728B:C 70157?5GCT 3@0, =5>1EV4=>N C<>2>N O:>W T =0O2=VABL 70<VI5=>W 4VO;L=>ABV V ?@54<5BV2-70ABC?=8:V2.  AB0@H><C 4>H:V;L=><C 2VFV 70<VI5==O AB0T G8AB> A8<2>;VG=8< V ?>ABC?>2> ?>G8=0TBLAO ?5@5EV4 4> 4V9 7 CO2;5=8<8 ?@54<5B0<8. $>@<C20==O CO2;5==O 7=0E>48BLAO 2 157?>A5@54=V9 70;56=>ABV 2V4 @>728B:C <>28 48B8=8. #O2;5==O 2 FL><C 2VFV ?>H8@NT <>6;82>ABV 48B8=8 C 270T<>4VW 7 =02:>;8H=V< A5@54>28I5<, A?@8OT WW 70A2>T==N, A;C68BL @07>< 7 <8A;5==O< 70A>1>< ?V7=0==O 4V9A=>ABV. >728B>: ?@>AB>@>28E CO2;5=L 48B8=8 4> 6-7 @>:V2 4>AO30T 28A>:>3> @V2=O. ;O 4VB59 E0@0:B5@=V A?@>18 ?@>25AB8 0=0;V7 ?@>AB>@>28E A8BC0FV9. %>G0 FV A?@>18 =5 702648 4>AB0B=L> CA?VH=V, 0=0;V7 4VO;L=>ABV 4VB59 2:07CT =0 @>7G;5=C20==O >1@07C ?@>AB>@C 7 2V4>1@065==O< =5 BV;L:8 ?@54<5BV2, 0;5 V WE 270T<=>3> @>7B0HC20==O. >728B>: CO2;5==O E0@0:B5@87CT ?@>F5A D>@<C20==O <8A;5==O, AB0=>2;5==O O:>3> 2 FL><C 2VFV 2 7=0G=><C ABC?5=V ?>2`O70=> 7 C4>A:>=0;5==O< <>6;82>ABV >?5@C20B8 CO2;5==O<8 =0 4>2V;L=><C @V2=V. &O <>6;82VABL ACBBT2> ?V428ICTBLAO : H5AB8 @>:0<, C 72`O7:C 7 70A2>T==O< =>28E 70E>4V2 @>7C<>28E 4V9. $>@<C20==O =>28E A?>A>1V2 @>7C<>28E 4V9 2 7=0G=><C ABC?5=V A?8@0TBLAO =0 70A2>T==O ?52=8E 4V9 7 7>2=VH=V<8 ?@54<5B0<8, O:8<8 48B8=0 >2>;>4V20T 2 ?@>F5AV @>728B:C V =02G0==O. >H:V;L=89 2V: =040T =091V;LH A?@8OB;82V <>6;82>ABV 4;O @>728B:C @V7=8E D>@< >1@07=>3> <8A;5==O. 8A;5==O 4VB59 H5AB8@VG=>3> 2V:C =>A8BL >1@07=89, :>=:@5B=89 E0@0:B5@. )5 .. #H8=AL:89  2840B=89 ?5403>3 %% AB>;VBBO  ?8A02, I> 4VB8 <>;>4H>3> 2V:C <8A;OBL D>@<0<8, D0@10<8, 72C:0<8. 8H5 : 7-8 @>:0< 4><V=CNG5 7=0G5==O =01C20T ;V20 ?V2:C;O <>7:C 48B8=8, @>72820TBLAO 4@C30 A83=0;L=0 A8AB5<0, A?@89=OBBO <>28. &5 2@0E>2CTBLAO 2 H:V;L=><C =02G0==V, I> 70A=>20=> 2 1V;LH AB0@H><C 2VFV, 2 7=0G=><C ABC?5=V, =0 25@10;L=><C, <>2=><C 28:;040==V 1030BL>E H:V;L=8E 48AF8?;V=. # 2VFV 65 6 @>:V2 C 4VB59 7`O2;ONBLAO B@C4=>IV ?@8 2V4E>4V 2V4 :>=:@5B=8E O28I, ?@54<5BV2, A8BC0FV9, I> 287=0G0T 206;82VABL 28:>@8AB0==O 2 WE =02G0==V =0>G=>3> <5B>40. .. >44`O:>2 ?>:0702, I> 2 2VFV 4-6 @>:V2 4VTBLAO V=B5=A82=5 D>@<C20==O V @>728B>: =028G>: V 2<V=L, I> A?@8ONBL 282G5==N 4VBL<8 =02:>;8H=L>3> A5@54>28I0, 0=0;V7C O:>AB59 ?@54<5BV2, <>6;82>AB59 2?;820B8 =0 =8E 7 <5B>N 7<V=8. &59 @V25=L @>7C<>2>3> @>728B:C, =0>G=>-4V9>2>3> <8A;5==O T O: 18 ?V43>B>2G8<, 2V= A?@8OT =0:>?8G5==N D0:BV2, 7=0=L ?@> =02:>;8H=T A5@54>28I5, AB2>@5==N >A=>28 4;O D>@<C20==O CO2;5=L B0 ?>=OBL.  ?@>F5AV =0>G=>-4V9>2>3> <8A;5==O 7`O2;ONBLAO ?5@54C<>28 4;O D>@<C20==O 1V;LH CA:;04=5=>W D>@<8 <8A;5==O  =0>G=>->1@07=>3> <8A;5==O, I> E0@0:B5@87CTBLAO B8<, I> @>72`O70==O ?@>1;5<=>W A8BC0FVW 74V9A=NTBLAO 48B8=>N 2 @CA;V CO2;5=L, 157 70AB>AC20==O ?@0:B8G=8E 4V9. V=5FL 4>H:V;L=>3> ?5@V>4C E0@0:B5@87CTBLAO ?5@52065==O< 28I>W D>@<8 =0>G=>->1@07=>3> <8A;5==O  =0>G=>-AE5<0B8G=>3> <8A;5==O. V4>1@065==O< 4>AO3=5=L 48B8=8 FL>3> @V2=O @>7C<>2>3> @>728B:C T AE5<0B87< 48BOG>3> <0;N=:0, 2<V==O 28:>@8AB>2C20B8 ?@8 @>72`O7C20==V 7040G AE5<0B8G=>3> 7>1@065==O. 0>G=>-AE5<0B8G=5 <8A;5==O AB2>@NT <>6;82>ABV 4;O 70A2>T==O =02:>;8H=L>3> A5@54>28I0, T 70A>1>< 4;O AB2>@N20==O 48B8=>N C7030;L=5=>W <>45;V @V7=8E ?@54<5BV2 V O28I. 4>1C20NG8 @8A8 C7030;L=5=>ABV, FO D>@<0 <8A;5==O 70;8H0TBLAO >1@07=>N, I> A?8@0TBLAO =0 @50;L=V 4V9 7 ?@54<5B0<8 B0 WE 70ABC?=8:0<8.  B>9 65 G0A FO D>@<0 <8A;5==O T >A=>2=>N 4;O CB2>@5==O ;>3VG=>3> <8A;5==O, I> ?>2`O70=5 7 28:>@8AB0==O< V ?5@5B2>@5==O< ?>=OBL. "0:8< G8=><, 4> 6-7 @>:V2 48B8=0 <>65 ?V4E>48B8 4> @>72`O7C20==O ?@>1;5<=>W A8BC0FVW B@L><0 A?>A>10<8: 28:>@8AB>2CNG8 =0>G=>-4V9>25 <8A;5==O, =0>G=>->1@07=5 V ;>3VG=5. !B0@H89 4>H:V;L=89 2V: A;V4 @>7482;OB8 BV;L:8 O: ?5@V>4, :>;8 ?>28==5 ?>G0B8AO V=B5=A82=5 D>@<C20==O ;>3VG=>3> <8A;5==O, O: 18 287=0G0NG8 B8< A0<8< 1;87L:C ?5@A?5:B82C @>7C<>2>3> @>728B:C. 0:>?8G5==O : AB0@H><C 4>H:V;L=><C 2V:C 25;8G57=>3> 4>A2V4C ?@0:B8G=8E 4V9, 4>AB0B=V9 @V25=L @>728B:C A?@89=OBBO, ?0<`OBV, CO2;5==O V <8A;5==O ?V428ICNBL C 48B8=8 ?>GCBBO 2?52=5=>ABV 2 A2>WE A8;0E. 8O2;OTBLAO F5 2 AB02;5==V 2A5 1V;LH @V7=><0=VB=8E V A:;04=8E FV;59, 4>AO3=5==N O:8E A?@8OT 2>;L>20 @53C;OFVO ?>254V=:8. 8B8=0 6-7 @>:V2 <>65 ?@03=CB8 40;5:>W (CO2;5=>W) <5B8, 28B@8<CNG8 ?@8 FL><C 7=0G=5 2>;L>25 =0?@C65==O =0 ?@>BO7V B@820;>3> G0AC. @8 28:>=0==V 2>;L>28E 4V9 7=0G=C @>;L ?@>4>26CT 3@0B8 =0A;V4C20==O, E>G0 2>=> AB0T 4>2V;L=> :5@>20=8<. 07>< 7 B8<, 2A5 1V;LH5 7=0G5==O =01C20T <>2=0 V=AB@C:FVO 4>@>A;>3>, I> A?>=C:0T 48B8=C 4> ?52=8E 4V9. # AB0@H>3> 4>H:V;L=8:0 GVB:> 28ABC?0T 5B0? ?>?5@54=L>3> >@VT=BC20==O. @0 T B8< 284>< 4VO;L=>ABV, I> ?>B@51CT @50;V70FVW ?>?5@54=L> =0<VG5=8E ;V=V9 ?>254V=:8, B><C 2>=0 2 7=0G=><C ABC?5=V AB8<C;NT 24>A:>=0;5==O 74V1=>ABV 4> 2>;L>2>W @53C;OFVW ?>254V=:8.  FL><C 2VFV 94CBL 7<V=8 2 <>B820FV9=V9 AD5@V 48B8=8: D>@<CTBLAO A8AB5<0 AC?V4@O4=8E <>B82V2, I> =040T 7030;L=89 =0?@O<>: ?>254V=FV 48B8=8. @89=OBBO =091V;LH 206;82>3> =0 40=C <8BL <>B82C T >A=>2>N, I> 4>72>;OT 48B8=V 9B8 4> =0<VG5=>W <5B8, 70;8H0NG8 157 C2038 1060==O, I> 28=8:0NBL A8BC0B82=>.  FL><C 2VFV >4=8< 7 =091V;LH 4V9>28E 2 ?;0=V <>1V;V70FVW 2>;L>28E 7CA8;L <>B82V2 T >FV=:0 4VO;L=>ABV 4>@>A;8<8. !5@54 206;828E ?A8E>;>3VG=8E >A>1;82>AB59 H5AB8@VG=8E 4VB59 2V4<VG0TBLAO ?>O20 C =8E >@VT=B0FVW =0 A>FV0;L=V 28<>38. > FL>3> ?5@V>4C 28:>=0==O 48B8=>N 28<>3 2 7=0G=><C ABC?5=V >A=>2CTBLAO =0 WW 5<>FV9=><C 2V4=>H5==V 4> :>=:@5B=>W ;N48=8, O:0 ?@54`O2;OT FV 28<>38, >GV:C20==V ?>:0@0==O G8 AE20;5==O. ;O ?>O28 CA2V4><;5=>3> 2V4=>H5==O 4> A>FV0;L=8E 28<>3 25;8:5 7=0G5==O <0NBL @CE;82V B0 4840:B8G=V V3@8 7 ?@028;0<8, >A>1;82> :>;5:B82=V. 5>1EV4=> 2V4<VB8B8, I> : AB0@H><C 4>H:V;L=><C 2V:C 2V41C20TBLAO V=B5=A82=89 @>728B>: ?V7=020;L=>W <>B820FVW: 157?>A5@54=O 2@07;82VABL 48B8=8 7=86CTBLAO, 2 B>9 65 G0A 48B8=0 AB0T 1V;LH 0:B82=>N 2 ?>HC:C =>2>W V=D>@<0FVW. !CBBT2V 7<V=8 ?5@5B5@?;NT V <>B820FVO 4> 2AB0=>2;5==O ?>78B82=>3> 2V4=>H5==O 7 1>:C >B>GCNG8E. 8:>=0==O ?52=8E ?@028; V 2 1V;LH <>;>4H><C 2VFV A;C68;> 4;O 48B8=8 70A>1>< >B@8<0==O AE20;5==O 4>@>A;>3>. 4=0: 2 AB0@H><C 4>H:V;L=><C 2VFV F5 28:>=0==O AB0T CA2V4><;5=8<, 0 <>B82, I> 9>3> 287=0G0T,   2?8A0=8< 2 7030;L=C VT@0@EVN. 06;820 @>;L 2 FL><C ?@>F5AV =0;568BL :>;5:B82=V9 @>;52V9 3@V, I> T H:0;>N A>FV0;L=8E =>@<0B82V2, 7 70A2>T==O< O:8E ?>254V=:0 48B8=8 1C4CTBLAO =0 >A=>2V ?52=>3> 5<>FV9=>3> 2V4=>H5==O 4> >B>GCNG8E 01> 2 70;56=>ABV 2V4 E0@0:B5@C @50:FVW, I> >GV:CTBLAO. >AVT< =>@< V ?@028; 48B8=0 22060T 4>@>A;>3>, >4=0: ?@8 ?52=8E C<>20E 2 FV9 @>;V <>65 28ABC?0B8 V 2>=0 A0<0. @8 FL><C WW 0:B82=VABL C 2V4=>H5==V 4>B@8<0==O ?@89=OB8E =>@< ?V428ICTBLAO. >ABC?>2> AB0@H89 4>H:V;L=8: 70A2>NT <>@0;L=V >FV=:8, ?>G8=0T 2@0E>2C20B8 7 FVTW B>G:8 7>@C ?>A;V4>2=VABL A2>WE 2G8=:V2, ?5@5410G0T @57C;LB0B V >FV=:C 7 1>:C 4>@>A;>3>. .. !C1>BAL:89 22060T, I> 2 A8;C V=B5@V>@V70FVW ?@028; ?>254V=:8 ?>@CH5==O F8E ?@028; 48B8=0 ?>G8=0T ?5@56820B8 =02VBL ?@8 2V4ACB=>ABV 4>@>A;>3>. VB8 H5AB8@VG=>3> 2V:C ?>G8=0NBL CA2V4><;N20B8 >A>1;82>ABV A2>TW ?>254V=:8, 0 ?> <V@V 70A2>T==O 7030;L=>?@89=OB8E =>@< V ?@028; 28:>@8AB>2C20B8 WE 2 O:>ABV <V@>: 4;O >FV=:8 A515 B0 V=H8E ;N459. ;5 2A5 6 B0:8 ?>254V=:0 48B8=8 6 @>:V2 2 7=0G=><C ABC?5=V 70;568BL 2V4 5<>FV9. "0:, V 48AF8?;V=0 H5AB8@VG=8E 4VB59 =0 C@>FV, =0 2V47=0:C 2V4 CA2V4><;5=>W 48AF8?;V=8 2 1V;LH AB0@H><C 2VFV, B@8<0TBLAO =0 5<>FV9=V9 70FV:02;5=>ABV 2 C@>FV. A=>2>N ?5@2VA=>W A0<>>FV=:8 48B8=8 T >2>;>4V==O 2<V==O< ?>@V2=N20B8 A515 7 V=H8<8 4VBL<8. ;O H5AB8@VG=8E 4VB59 E0@0:B5@=0 2 >A=>2=><C =548D5@5=FV9>20=0 7028IC20=0 A0<>>FV=:0.  A5<8@VG=><C 2V:C 2>=0 48D5@5=FVNTBLAO V 45:V;L:0 7=86CTBLAO. `O2;OTBLAO 2V4ACB=O @0=VH5 >FV=:0 A515 2 ?>@V2=O==V 7 V=H8<8 >4=>;VB:0<8. 548D5@5=FV9>20=VABL A0<>>FV=:8 2545 4> B>3>, I> 48B8=0 6-7 @>:V2 @>73;O40T >FV=:C 4>@>A;8<8 @57C;LB0BV2 >:@5<>W 4VW O: >FV=:C A2>TW >A>18AB>ABV 27030;V, B><C 28:>@8AB0==O 4>30=8 V 70C2065=L ?@8 =02G0==V 4VB59 FL>3> 2V:C ?>28==> 1CB8 >1<565=5. # ?@>B82=><C @07V C =8E 7`O2;OTBLAO 70=865=0 A0<>>FV=:0, =52V@0 2 A2>W A8;8, =530B82=5 2V4=>H5==O 4> =02G0==O. #7030;L=NNG8 =091V;LH 206;82V 4>AO3=5==O ?A8EVG=>3> @>728B:C 48B8=8 6-7 @>:V2, <>6=0 70:;NG8B8, I> =0 FL><C 2V:>2><C 5B0?V 4VB8 2V4@V7=ONBLAO 4>AB0B=L> 28A>:8< @V2=5< @>7C<>2>3> @>728B:C, I> 2:;NG0T @>7G;5=>20=5 A?@89=OBBO, C7030;L=5=V =>@<8 <8A;5==O, 7<VAB>2=5 70?0<`OB>2C20==O. # 48B8=8 D>@<CTBLAO ?52=89 >1AO3 7=0=L B0 =028G>:, V=B5=A82=> @>72820TBLAO 4>2V;L=0 D>@<0 ?0<`OBV, <8A;5==O, CO2;5==O, A?8@0NG8AL =0 O:V <>6=0 A?>=C:0B8 48B8=C A;CE0B8, @>7482;OB8, 70?0<`OB>2C20B8, 0=0;V7C20B8. !B0@H89 4>H:V;L=8: 2<VT 7`OA>2C20B8 A2>W 4VW 7 >4=>;VB:0<8, I> AB0NBL CG0A=8:0<8 AC<VA=8E V3>@ 01> ?@>4C:B82=>W 4VO;L=>ABV, @53C;NNG8 A2>W 4VW =0 >A=>2V 70A2>T==O ACA?V;L=8E =>@< ?>254V=:8. >3> ?>254V=:0 E0@0:B5@87CTBLAO =0O2=VABN AD>@<>20=>W AD5@8 <>B82V2 B0 V=B5@5AV2, 2=CB@VH=L>3> ?;0=C 4V9, 740B=VABN 4> 4>AB0B=L> 045:20B=>W >FV=:8 @57C;LB0BV2 2;0A=>W 4VO;L=>ABV V A2>WE <>6;82>AB59. "0:8< G8=><, 4;O AB0@H>3> 4>H:V;L=>3> 2V:C (5-6 @>:V2) E0@0:B5@=V =0ABC?=V =>2>CB2>@5==O. A>18ABVA=V: 70A2>T==O =>@< B0 ?@028; 270T<>2V4=>A8= <V6 ;N4L<8; 70A2>T==O 70A>1V2 A?V;:C20==O 7 >4=>;VB:0<8; 2<V==O C73>46C20B8 A2>W 4VW 7 4VO<8 V=H8E ;N459, WE ?@8ACB=VABN B0 V=B5@5A0<8. =B5;5:BC0;L=V: ?>G0B>: D>@<C20==O 2>;V; @>728B>: 4>2V;L=>W C2038; @>728B>: 4>2V;L=>W ?0<`OBV; @>728B>: ;>3VG=>3> <8A;5==O; @>728B>: CO2;5==O. 87=0G0NG8 E0@0:B5@=V >A>1;82>ABV 4VB59 40=>3> 2V:C, <8 ?>28==V 2 B>9 65 G0A 2V4<VB8B8, I> 4VB8 @V7=V. $0:B8G=> C :;0AV =5<>6;82> 7=09B8 42>E FV;:>< >4=0:>28E CG=V2. #G=V 2V4@V7=ONBLAO 4@C3 2V4 4@C30 =5 BV;L:8 @V7=8< @V2=5< ?V43>B>2;5=>ABV 4> 70A2>T==O 7=0=L. >6=89 7 =8E 2>;>4VT 1V;LH ABV9:8<8 V=482V4C0;L=8<8 74V1=>ABO<8, I> =5 <>6CBL (40 V =5 ?>28==V) 1CB8 ;V:2V4>20=V ?@8 2AV9 AB0@0==>ABV 2G8B5;O.  B>9 65 G0A FV V=482V4C0;L=V >A>1;82>ABV =0:;040NBL A2>W 28<>38 =0 >@30=V70FVN =02G0;L=>3> ?@>F5AC. 0A0<?5@54 ;N48 =0@>46CNBLAO =0 A2VB 7 @V7=8<8 B8?0<8 =5@2>2>W A8AB5<8, I> =040NBL @V7=V B8?8 B5<?5@0<5=BV2: A0=32V=V:, E>;5@8:, D;53<0B8:, <5;0=E>;V:. 8 =5 <>65<> A:070B8, I> O:VAL 7 F8E B8?V2 30@=V, 0 V=HV ?>30=V. !?@020 =5 2 B><C: 2>=8 @V7=V. 48= <0T ?5@52038 2 >4=8E 2V4=>A8=0E, 0 4@C389  2 V=H><C. "5<?5@0<5=B A0< ?> A>1V =5 287=0G0T =V 74V1=>AB59, =V E0@0:B5@C ;N48=8, 0;5 @V7=8< ;N4O< ?>B@V15= @V7=89 B5<? V @V7=89 @568< @>1>B8 (A?>AB5@565==O ?>:07CNBL, I> V 2G8B5;V B0:>6 ?@8E8;L=V 704020B8 B5<?, 2V4?>2V4=89 WE 2;0A=><C B5<?5@0<5=BC). =482V4C0;L=V 2V4<V==>ABV B>@:0NBLAO V ?V7=020;L=>W AD5@8 ;N459: O:VAL <0NBL =0>G=89 B8? ?0<`OBV, 4@C3V  A;CE>289, B@5BV  =0>G=>-@CE;8289. # >4=8E =0>G=>->1@07=5 <8A;5==O, 0 C V=H8E  01AB@0:B=>-;>3VG=5. &5 >7=0G0T, I> >4=8< ;53H5 A?@89<0B8 <0B5@V0; 70 4>?><>3>N 7>@C, 0 V=H8<  =0 A;CE; O:VAL ?>B@51CNBL :>=:@5B=5 ?>4020==O <0B5@V0;C, 0 V=HV  AE5<0B8G=5. =52065==O V=482V4C0;L=8<8 >A>1;82>ABO<8 CG=V2 ?@8 =02G0==V 2545 4> 28=8:=5==O C =8E @V7=>3> @>4C B@C4=>IV2, CA:;04=NT H;OE8 4>AO3=5==O <5B8.  ABC?5=L 4>AO3=5==O FVTW <5B8 >:@5<>N 48B8=>N ACBBT2> 70;568BL 2V4 B>3>, =0A:V;L:8 ?@>F5A CA2V4><;5==O 1C4CTBLAO 7 C@0EC20==O< 2AVE ?5@5;VG5=8E >A>1;82>AB59. V4AC<:>< @>728B:C 48B8=8 2 4>H:V;L=><C 2VFV 7 O2;ONBLAO ?5@54C<>28 B>3>, I>1 48B8=0 7<>3;0 ?@8AB>AC20B8AO 4> H:V;L=>3> 68BBO, ?@8ABC?8B8 4> A8AB5<0B8G=>3> =02G0==O. > B0:8E ?5@54C<>2 =0;560BL 1060==O AB0B8 CG=5<, 28:>=C20B8 A5@9>7=C @>1>BC, =02G0B8AO, CA2V4><;5==O, I> ?>;>65==O 4>H:V;L=8:0 265 =5 2V4?>2V40T 28@>A;8< <>6;82>ABO<, ?A8E>;>3VG=5 ?5@5@>AB0==O 3@8, ?5@5:>=0==O, I> ?>;>65==O CG=O  F5 AE>48=:0 4> 4>@>A;>ABV, 0 =02G0==O  4C65 2V4?>2V40;L=5 4V;>, 4> O:>3> B@510 2V4=>A8B8AO 7 ?>203>N. V4><89 ?A8E>;>3 B0 ?5403>3 (.. <>=0H2V;V, @>7482;ONG8AL ?@>1;5<C =02G0==O H5AB8@VG=8E 4VB59, ?@89H>2 4> B0:>3> 28A=>2:C: ">65 O28B8AO ?0@04>:A0;L=8<, O:I> A:06C, I> H5AB8@VG=0 48B8=0 1V;LH 3>B>20 4> ?>G0B:C H:V;L=>3> 68BBO, =V6 A5<8@VG=0& AV 10BL:8 B5?5@VH=VE 4VB59, O: ?@028;>, <0NBL A5@54=N B0 ?@>D5AV9=C >A2VBC, 0 1030B> 7 =8E V 28IC. &5 O:VA=> 7<V=8;> A>FV0;L=5 A5@54>28I5, 2 O:><C 7@>AB0T 48B8=0& 0 @>728B>: 25;8:89 2?;82 74V9A=NNBL 70A>18 <0A>2>W V=D>@<0FVW  B5;510G5==O, @04V>, 48BOGV 6C@=0;8, :=838, :V=>DV;L<8. 5@5B2>@82AO 7<VAB V3>@, 7 O28;8AO V3@0H:8, O:V 2A5 1V;LH5 70?>1V30NBL @>728B:C DV78G=8E B0 @>7C<>28E 74V1=>AB59 48B8=8& /: ?@028;>, 4> A5<V @>:V2 48B8=0 265 >2>;>4V20T =028G:0<8 G8B0==O B0 ?8AL<0, ;VG1>N.  :>;8 2>=0 C AV< @>:V2 2ABC?0T 4> H:>;8 V W9 2 O:>ABV =02G0;L=>3> <0B5@V0;C ?@>?>=CNBL 1C:28, 040?B>20=V B5:AB8 4;O G8B0==O, ?@>ABVHV 0@8D<5B8G=V ?@8:;048, B> C =5W =5 7 O2;OTBLAO ?>B@518 C G8B0==V (W9 =C4=>)& (5AB8@VG=89 2V:  =091V;LH A?@8OB;8289 (A5=78B82=89) ?5@V>4 @>7C<>2>3> @>728B:C B0 A>FV0;L=>W ?V43>B>2:8 48B8=8". 1.2. A8E>;>3VG=0 3>B>2=VABL 48B8=8 4> H:>;8: ACB=VABL ?>=OBBO B0 DC=:FV>=0;L=V :@8B5@VW.  >AB0==V9 G0A 7040G0 ?V43>B>2:8 4VB59 4> H:V;L=>3> =02G0==O 709<0T >4=5 7 206;828E <VAFL 2 @>728B:C CO2;5=L ?A8E>;>3VG=>W =0C:8. #A?VH=5 @VH5==O 7040G @>728B:C >A>18AB>ABV 48B8=8, ?V428I5==O 5D5:B82=>ABV =02G0==O, A?@8OB;825 ?@>D5AV9=5 AB0=>2;5==O 2 1030BL>E 287=0G0TBLAO B8<, =0A:V;L:8 2V@=> 2@0E>2CTBLAO @V25=L ?V43>B>2;5=>ABV 4VB59 4> H:V;L=>3> =02G0==O.  ACG0A=V9 ?A8E>;>3VW, 4> 60;N, ?>:8 =5 VA=CT T48=>3> 9 GVB:>3> 287=0G5==O ?>=OBBO  3>B>2=>ABV 4> H:V;L=>3> =02G0==O , 01>  H:V;L=>W 7@V;>ABV . . =0AB07V B@0:BCT ?>=OBBO H:V;L=>W 7@V;>ABV O:  >2>;>4V==O 2<V==O<8, 7=0==O<8, 74V1=>ABO<8, <>B820FVTN B0 V=H8<8 =5>1EV4=8<8 4;O >?B8<0;L=>3> @V2=O 70A2>T==O H:V;L=>W ?@>3@0<8 ?>254V=:>28<8 E0@0:B5@8AB8:0<8 . . (20=F0@0 287=0G0T H:V;L=C 7@V;VABL O: 4>AO3=5==O B0:>3> ABC?5=N 2 @>728B:C, :>;8 48B8=0  AB0T 740B=>N ?@89<0B8 CG0ABL 2 H:V;L=><C =02G0==V .  O:>ABV :><?>=5=BV2 3>B>2=>ABV 4> =02G0==O C H:>;V . (20=F0@0 287=0G0T @>7C<>289, A>FV0;L=89 B0 5<>FV9=89 :><?>=5=B8. .. >6>28G I5 2 60-BV @>:8 2:07C20;0, I> 3>B>2=VABL 4> =02G0==O C H:>;V A:;040TBLAO 7 ?52=>3> @V2=O @>728B:C @>7C<>2>W 4VO;L=>ABV, ?V7=020;L=8E V=B5@5AV2, 3>B>2=>ABV 4> 4>2V;L=>W @53C;OFVW A2>TW ?V7=020;L=>W 4VO;L=>ABV V 4> A>FV0;L=>W ?>78FVW H:>;O@0. =0;>3VG=V ?>3;O48 @>728202 .. 0?>@>65FL, O:89 2V4<VB82, I> 3>B>2=VABL 4> =02G0==O C H:>;V  ?>40T A>1>N FV;VA=C A8AB5<C 270T<>?>2`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`O7:V2. &O >A>18ABVA=0 3>B>2=VABL 28O2;OTBLAO C 2V4=>H5==V 48B8=8 4> H:>;8, 4> =02G0;L=>W 4VO;L=>ABV, 2G8B5;O<, A0<>W A515.  >A>18ABVA=C 3>B>2=VABL 2E>48BL V ?52=89 @V25=L @>728B:C <>B820FV9=>W AD5@8. >B>28< 4> H:V;L=>3> =02G0==O T 48B8=0, O:C H:>;0 ?@8201;NT =5 7>2=VH=L>N AB>@>=>N (0B@81CB8 H:V;L=>3> 68BBO  ?>@BD5;L, ?V4@CG=8:8, 7>H8B8), 0 <>6;82VABN ?>;CG0B8 =>2V 7=0==O, I> ?@8?CA:0T @>728B>: ?V7=020;L=8E V=B5@5AV2. 091CB=L><C H:>;O@C =5>1EV4=> 4>2V;L=> :5@C20B8 A2>TN ?>254V=:>N, ?V7=020;L=>N 4VO;L=VABN, I> AB0T <>6;828< ?@8 AD>@<>20=V9 VT@0@EVG=V9 A8AB5<V <>B82V2. "0:8< G8=><, 48B8=0 ?>28==0 2>;>4VB8 @>728=5=>N =02G0;L=>N <>B820FVTN. A>18ABVA=0 3>B>2=VABL B0:>6 ?@8?CA:0T ?52=89 @V25=L @>728B:C 5<>FV9=>W AD5@8 48B8=8.  ?>G0B:C H:V;L=>3> =02G0==O 48B8=0 ?>28==0 4>AO3B8 E>@>H>W 5<>FV9=>W ABV9:>ABV, =0 D>=V O:>W V <>6;8289 @>728B>: V 74V9A=5==O =02G0;L=>W 4VO;L=>ABV. 2. =B5;5:BC0;L=0 3>B>2=VABL. &59 :><?>=5=B 3>B>2=>ABV ?@8?CA:0T =0O2=VABL C 48B8=8 :@C3>7>@C, 70?0AC :>=:@5B=8E 7=0=L. 8B8=0 ?>28==0 2>;>4VB8 ?;0=><V@=8< B0 @>7G;5=>20=8< A?@89=OBBO<, 5;5<5=B0<8 B5>@5B8G=>3> 2V4=>H5==O 4> <0B5@V0;C, I> 282G0TBLAO, C7030;L=5=8<8 D>@<0<8 <8A;5==O V >A=>2=8<8 ;>3VG=8<8 >?5@0FVO<8, 7<VAB>2=8< 70?0<`OB>2C20==O<. 4=0: 2 >A=>2=><C <8A;5==O 48B8=8 70;8H0TBLAO >1@07=8<, A?8@0TBLAO =0 @50;L=V 4VW 7 ?@54<5B0<8, WE 70ABC?=8:0<8. =B5;5:BC0;L=0 3>B>2=VABL B0:>6 ?@8?CA:0T D>@<C20==O C 48B8=8 ?>G0B:>28E C<V=L 2 30;C7V =02G0;L=>W 4VO;L=>ABV, 2<V==O 287=0G8B8 CG1>2C 7040GC V ?5@5B2>@8B8 WW =0 A0<>ABV9=C <5BC 4VO;L=>ABV. #7030;L=NNG8, <>6=0 3>2>@8B8, I> @>728B>: V=B5;5:BC0;L=>W 3>B>2=>ABV 4> =02G0==O C H:>;V ?@8?CA:0T: 48D5@5=FV9>20=5 A?@89=OBBO; 0=0;VB8G=5 <8A;5==O (740B=VABL @>7C<VB8 >A=>2=V ?@87=0:8 B0 72`O7:8 <V6 O28I0<8, 740B=VABL 2V4B2>@8B8 7@07>:); @0FV>=0;L=89 ?V4EV4 4> 4V9A=>ABV (?>A;01;5==O @>;V D0=B07VW); ;>3VG=5 70?0<`OB>2C20==O; V=B5@5A 4> 7=0=L, ?@>F5AC WE >B@8<0==O 70 @0EC=>: 4>40B:>28E 7CA8;L; >2>;>4V==O =0 A;CE <>2>N B0 740B=VABL 4> @>7C<V==O V 28:>@8AB>2C20==O A8<2>;V2; @>728B>: 4@V1=8E @CEV2 @C:8 B0 7>@>2>-@CE>2>W :>>@48=0FVW. 3. $V78G=0 3>B>2=VABL  7030;L=89 DV78G=89 @>728B>:, I> 2V4?>2V40T =>@<0< DV78G=>3> @>728B:C E;>?G8:V2 B0 4V2G0B>: 6-7-@VG=>3> 2V:C. 4. <>FV9=>-2>;L>20 3>B>2=VABL  2<V==O AB028B8 FV;L, ?@89<0B8 @VH5==O, 287=0G0B8 ?;0= 4V9; ?@8:;040B8 7CA8;;O 4> 9>3> @50;V70FVW; ?5@51>@5==O ?5@5H:>4. 5. !>FV0;L=>-?A8E>;>3VG=0 3>B>2=VABL. &59 :><?>=5=B 3>B>2=>ABV 2:;NG0T 4> A515 D>@<C20==O C 4VB59 O:>AB59, 7024O:8 O:8< 2>=8 <>3;8 18 A?V;:C20B8AO 7 V=H8<8 4VBL<8, 2G8B5;5<. 8B8=0 ?@8E>48BL 4> H:>;8, :;0AC, 45 4VB8 709=OBV 7030;L=>N A?@02>N, V W9 =5>1EV4=> 2>;>4VB8 4>AB0B=L> 3=CG:8<8 70E>40<8 2AB0=>2;5==O 270T<>2V4=>A8= 7 V=H8<8 4VBL<8, =5>1EV4=8<8 2<V==O<8 C2V9B8 4> 48BOG>3> ACA?V;LAB20, 4VOB8 @07>< 7 V=H8<8, 2<V==O< ?V4:>@OB8AO V=B5@5A0< B0 728G:0< 48BOG>W 3@C?8, 74V1=VABN A?@02;OB8AO 7 @>;;N H:>;O@0 2 A8BC0FVW H:V;L=>3> =02G0==O. 19. A8E>;>3VG=0 3>B>2=VABL 48B8=8 4> H:>;8 B0:>6 <VAB8BL >A>18ABVA=V O:>ABV 48B8=8, O:V 4>?><030NBL W9 728:=CB8 4> :>;5:B82C, :;0AC, 7=09B8 A2>T <VAF5 2 =L><C. &5 ACA?V;L=V <>B828 ?>254V=:8, BV 70A2>T=V 48B8=>N ?@028;0 ?> 2V4=>H5==N 4> V=H8E ;N459 V BV 2<V==O ?V4B@8<C20B8 AB>AC=:8 7 >4=>;VB:0<8, O:V D>@<CNBLAO C A?V;L=V9 4VO;L=>ABV 4>H:V;L=8:V2.  B>9 65 G0A ?>=OBBO  3>B>2=VABL 4> H:V;L=>3> =02G0==O 2:;NG0T 4> A515 V AD>@<C20==O >A=>2=8E ?5@54C<>2 B0 >A=>2 =02G0;L=>W 4VO;L=>ABV. "0:8< G8=><, 3>B>2=VABL 4> H:V;L=>3> =02G0==O =>A8BL :><?;5:A=89 E0@0:B5@. 5 VA=CT 01A>;NB=8E ?>:07=8:V2 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O. 06;82>, I>18 2>=0 1060;0 =02G0B8AO, <>3;0 >2>;>4VB8 7=0==O<8, 2V4GC20;0 704>2>;5==O B0 @04VABL 2V4 ?@>F5AC =02G0==O. &V ?>:07=8:8 287=0G0NBL ?V7=020;L=C =02G0;L=C <>B820FVN, E0@0:B5@87CNBL @>7C<>2V 74V1=>ABV B0 5<>FV9=89 D>= 3>B>2=>ABV 48B8=8 4> H:>;8.  O:>ABV :@8B5@VW2 ?V43>B>2;5=>ABV 48B8=8 4> H:>;8 <>6=0 ?@89=OB8 =0ABC?=V ?>:07=8:8: >@<0;L=89 DV78G=89 @>728B>: B0 :>>@48=0FVO @CEV2  ?@8?CA:0TBLAO 4>AB0B=L> @>728=5=0 <CA:C;0BC@0, B>G=VABL @CEV2, 3>B>2=VABL @C:8 4> 28:>=0==O 4@V1=8E, B>G=8E B0 @V7=><0=VB=8E @CEV2, C73>465=VABL @CEV2 @C:8 B0 >G59, 2<V==O 2>;>4VB8 @CG:>N, >;V2F5<, ?5=7;8:><. 060==O =02G0B8AO  ?@8?CA:0TBLAO =0O2=VABL <>B82V2 =02G0==O, 2V4=>H5==O 4> =L>3> O: 4> 4C65 206;82>3>, 7=0G=>3> 4V;0, ?@03=5==O 4> ?@8410==O 7=0=L, V=B5@5A 4> ?52=8E =02G0;L=8E 70=OBL. 5@C20==O A2>TN ?>254V=:>N  <VAB8BL 4>2V;L=VABL 7>2=VH=L>W @CE>2>W ?>254V=:8, I> 70157?5GCT <>6;82VABL 28B@8<C20B8 H:V;L=89 @568<, >@30=V7C20B8 A515 =0 C@>FV; 4>2V;L=5 :5@C20==O 2=CB@VH=V<8 ?A8EVG=8<8 4VO<8 4;O FV;5A?@O<>20=>3> A?>AB5@565==O O28I, 7>A5@5465=>ABV CO28 4;O 70?0<`OB>2C20==O 7=0=L, I> 28:;040T 2G8B5;L 01> I> T 2 ?V4@CG=8:C. >;>4V==O ?@89><0<8 @>7C<>2>W 4VO;L=>ABV  I> ?@8?CA:0T ?52=89 @V25=L @>728B:C ?V7=020;L=8E ?@>F5AV2 48B8=8. &5 48D5@5=FV0FVO A?@89=OBBO, I> 4>72>;OT A?>AB5@V30B8 ?@54<5B8 V O28I0, 287=0G0B8 2 =8E BV G8 V=HV 2;0AB82>ABV, 2>;>4VB8 ;>3VG=8<8 >?5@0FVO<8, 70A>10<8 A2V4><>3> 70?0<`OB>2C20==O <0B5@V0;C. 8O2;5==O A0<>ABV9=>ABV  <>6=0 @>73;O40B8 O: ?@03=5==O HC:0B8 A?>A>18 @VH5==O B0 ?>OA=5==O 2AL>3> =>2>3> B0 482>286=>3>, A?>=C:0==O 70AB>A>2C20B8 @V7=V H;OE8, =04020B8 @V7=V 20@V0=B8 @VH5=L, >1E>48B8AO 2 ?@0:B8G=V9 4VO;L=>ABV 157 GC6>W 4>?><>38. V4=>H5==O 4> B>20@8HV2 B0 4>@>A;8E  ?@8?CA:0T D>@<C20==O C 4VB59 1060==O B0 728G:8 ?@0FN20B8 4;O A515 B0 V=H8E, CA2V4><;5==O 2V4?>2V40;L=>ABV B0 206;82>ABV 4>@CG5==O, I> 28:>=CT. V4=>H5==O 4> ?@0FV  2E>48BL 2<V==O ?@0FN20B8 2 :>;5:B82V, 72060B8 V=B5@5A8 B0 1060==O B>20@8HV2, 2>;>4VB8 =028G:0<8 A?V;:C20==O 7 >4=>;VB:0<8 B0 4>@>A;8<8. <V==O >@VT=BC20B8AO 2 ?@>AB>@V B0 7>H8BV  ?>2`O70=> 7 >@VT=BC20==O< 2 ?@>AB>@V B0 G0AV, 7=0==O< >48=8FL 28<V@N20==O, =0O2=VABN ?>GCBBT2>3> 4>A2V4C, >:><V@C. =0:H5 :06CG8, O: >A=>2=V ?>:07=8:8 ?A8E>;>3VG=>W 3>B>2=>ABV 4> H:V;L=>3> =02G0==O 287=0G0NBL B0:V: 1. 8B8=0 <0T ABV9:5 1060==O 2G8B8AO C H:>;V. 2. >=0 <0T ?52=V =028G:8 2G8B8AO, 2<VT 28:>=C20B8 ?@>ABV 28<>38 V 70240==O 4>@>A;8E. 3. >;>4VT 4>AB0B=L> @>728=CB8<8 ?V7=020;L=8<8 74V1=>ABO<8. 4. <VT A?V;:C20B8AO B0 ?@0FN20B8 7 >4=>;VB:0<8. 5. 45:20B=> A?@89<0T >FV=:C A515 B0 A2>TW ?>254V=:8 B>20@8H0<8 B0 4>@>A;8<8, ?@03=5 4> A0<>24>A:>=0;5==O. !?>AB5@V30NG8 70 ?>254V=:>N 48B8=8, 70 WW 4VO;L=VABN, 28:>@8AB>2CNG8 A?5FV0;L=V ?A8E>4V03=>AB8G=V <5B>48:8, =5206:> 2AB0=>28B8, G8 704>2>;L=OT 2>=0 2:070=8< >7=0:0< ?A8E>;>3VG=>W 3>B>2=>ABV 4> H:>;8. /:I> 2>=0 704>2>;L=OT F8< >7=0:0<, B> =570;56=> 2V4 WW ?0A?>@B=>3> 2V:C WW <>6=0 2V440B8 4> H:>;8.  B>4V 48B8=0 AB0=5 CG=5<, I> 7<V=8BL WW A>FV0;L=89 AB0BCA, 0 F5 ?@82545 4> 7=0G=8E 7<V= C WW ?>254V=FV, C WW ?A8EVFV. ?8BC20==O 4VB59, =5>4=>@07>2> ?@>2545=V C ?V43>B>2G8E 3@C?0E 48BOG8E A04:V2, ?>:070;8, I> 4VB8, 70 @V4:VA=8< 28=OB:><, ?@03=CBL ?VB8 4> H:>;8, =5 1060NBL 70;8H0B8AO 2 48BOG><C A04:C. 13@C=B>2CNBL F5 1060==O 4VB8 ?>-@V7=><C. ;O 4>H:V;L=8:V2 25;8:>N ?@8201;82>N A=03>N 2>;>4VNBL 7>2=VH=V 0B@81CB8 H:V;L=>3> 68BBO: A84V==O 70 ?0@B>N, 472>=8:, ?5@5@20, 2V4<VB:8, <>6;82VABL 1CB8 2;0A=8:>< ?>@BD5;N, ?5=0;C B0 V=HV <>6;82>ABV. &V:02VABL 4> B0:>3> @>4C 7>2=VH=VE <><5=BV2 <5=H 206;820, G8< 1060==O =02G0B8AO, 0;5 V 2>=0 <0T ?>78B82=5 7=0G5==O, 28A;>2;NT A?V;L=5 ?@03=5==O 48B8=8 7<V=8B8 A2>T <VAF5 2 ACA?V;LAB2V, ?>;>65==O A5@54 V=H8E ;N459. CB8 CG=5<  F5 265 CA2V4><;5=0 48B8=>N AE>48=:0 4> 25@EC, 4> 4>@>A;>ABV, V =02G0==O C H:>;V A?@89<0TBLAO 48B8=>N O: 2V4?>2V40;L=5 4V;>. V7=020;L=V 6 V=B5@5A8 A:;040NBLAO ?>ABC?>2>, =0 ?@>BO7V B@820;>3> G0AC 9 =5 <>6CBL 28=8:0B8 7@07C ?@8 2ABC?C 4> H:>;8, 2;0A=V B@C4=>IV 2 ?>G0B:>2V9 H:>;V 2V4GC20NBL =5 BV 4VB8, O:V <0NBL 4> :V=FO 4>H:V;L=>3> 2V:C =54>AB0B=V9 >1 T< 7=0=L B0 =028G>:, 0 BV, O:V 28O2;ONBL V=B5;5:BC0;L=C ?0A82=VABL, C O:8E 2V4ACB=T 1060==O B0 728G:0 <8A;8B8, @VH0B8 7040GV, O:V ?@O<> =5 72 O70=V 7 O:>N-=51C4L V3@>2>N B0 68BBT2>N A8BC0FVTN, O:0 FV:028BL 48B8=C. 06;82>N AB>@>=>N ?A8E>;>3VG=>3> 3>BC20==O 48B8=8 4> H:>;8 T 4>AB0B=V9 @V25=L 2>;L>2>3> @>728B:C 48B8=8. # @V7=8E 4VB59 F59 @V25=L @V7=89, 0;5 B8?>2>N @8A>N, O:0 2V4@V7=OT H5AB8@VG=8E 4VB59, T 2<V==O ?V4:>@OB8 <>B828 >48= >4=><C, I> 40T 48B8=V <>6;82VABL :5@C20B8 A2>TN ?>254V=:>N, V O:5 =5>1EV4=5 4;O B>3>, I>1 7@07C 6, :>;8 48B8=0 ?@8945 4> ?5@H>3> :;0AC, 2:;NG8B8AO C A?V;L=C 4VO;L=VABL, ?@89=OB8 A8AB5<C 28<>3, O:C 28AC20NBL H:>;0 B0 2G8B5;V.  AD5@V A?V;:C20==O 48B8=8 7 4>@>A;8< 3>;>2=>N 7<V=>N, I> E0@0:B5@87CT ?>O2C 3>B>2=>ABV 4> H:V;L=>3> =02G0==O, T @>728B>: 4>2V;L=>ABV. !?5F8DVG=8<8 @8A0<8 FL>3> 284C A?V;:C20==O T ?V4:>@5==O ?>254V=:8 B0 4V9 48B8=8 ?52=8< =>@<0< V ?@028;0<, >?>@0 =5 =0 =0O2=C A8BC0FVN, 0 =0 25AL B>9 7<VAB, I> 7040T WW :>=B5:AB, @>7C<V==O ?>78FVW 4>@>A;>3> B0 C<>2=>W ACBV WW ?8B0=L. >2V;L=VABL 2 A?V;:C20==V 7 4>@>A;8<8 =5>1EV4=0 4VBO< 4;O CA?VH=>3> 74V9A=5==O =02G0;L=>W 4VO;L=>ABV (=0A0<?5@54 4;O ?@89=OBBO =02G0;L=>W 7040GV). >728B>: ?52=>3> @V2=O A?V;:C20==O 7 >4=>;VB:0<8 <0T 4;O 48B8=8 =5 <5=H 206;825 7=0G5==O 4;O ?>40;LH>3> =02G0==O, =V6 @>728B>: 4>2V;L=>ABV 2 A?V;:C20==V 7 4>@>A;8<8. >-?5@H5, ?52=89 @V25=L @>728B:C A?V;:C20==O 48B8=8 7 >4=>;VB:0<8 4>72>;OT W9 045:20B=> 4VOB8 2 C<>20E :>;5:B82=>W CG1>2>W 4VO;L=>ABV. >-4@C35, A?V;:C20==O 7 >4=>;VB:0<8 BVA=> ?>2`O70=> 7 @>728B:>< CG1>28E 4V9. 0=89 72`O7>: @>728B:C A?V;:C20==O 7 >4=>;VB:0<8 V @>728B:C =02G0;L=8E 4V9 >1C<>2;5=89 B8<, I> 4VB8, O:V <0NBL @>728=5=5 A?V;:C20==O 7 >4=>;VB:0<8, 2>;>4VNBL 740B=VABN ?>4828B8AO =0 A8BC0FVN 7040GV  V=H8<8 >G0<8 , AB0B8 =0 B>G:C 7>@C A2>3> ?0@B=5@0 (2G8B5;O), 2>=8 4>AB0B=L> 3=CG:V V =5 ?@82`O70=V 4> A8BC0FVW. &5 4>72>;OT 4VBO< 287=0G8B8 A?V;L=89 A?>AV1 @VH5==O 7040GV, >2>;>4VB8 2V4?>2V4=8<8 =02G0;L=8<8 4VO<8 V @VH0B8 ?@O<V B0 ?>A5@54=V 7040GV. VB8, I> ;53:> A?@02;ONBLAO 7 >1><0 B8?0<8 7040G, 740B=V 287=0G8B8 7030;L=C AE5<C @VH5==O B0 <0NBL 4>A8BL 28A>:89 @V25=L A?V;:C20==O 7 >4=>;VB:0<8. )5 >4=8< :><?>=5=B>< ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> =02G0==O C H:>;V T 2V4=>H5==O 4> A515. 02G0;L=0 4VO;L=VABL ?@8?CA:0T 28A>:89 @V25=L :>=B@>;N, O:89 ?>28=5= 107C20B8AO =0 045:20B=V9 >FV=FV A2>WE 4V9 B0 <>6;82>AB59. V428I5=0 A0<>>FV=:0, I> 2;0AB820 4>H:V;L=8:0<, ?5@5B2>@NTBLAO 70 @0EC=>: @>728B:C 740B=>ABV  10G8B8 V=H8E, 2<V==O ?5@5E>48B8 7 >4=VTW ?>78FVW =0 V=HC ?@8 @>73;O40==V >4=VTW V BVTW 6 A8BC0FVW. )> B>@:0TBLAO 4>2V;L=>ABV ?V7=020;L=>W 4VO;L=>ABV, B> 2>=0 E>G V ?>G8=0T D>@<C20B8AO C AB0@H><C 4>H:V;L=><C 2VFV, 4> <><5=BC 2ABC?C 4> H:>;8 I5 =5 4>AO30T ?>2=>3> @>728B:C: 48B8=V 206:> 4>2389 G0A 715@V30B8 ABV9:C 4>2V;L=C C203C, 702G0B8 7=0G=89 70 >1 T<>< <0B5@V0;. 02G0==O 2 ?>G0B:>2V9 H:>;V 2@0E>2CT FV >A>1;82>ABV 4VB59 V 1C4CTBLAO B0:, I> 28<>38 4> 4>2V;L=>ABV WE ?V7=020;L=>W 4VO;L=>ABV 7@>AB0NBL ?>ABC?>2>, ?> <V@V B>3> O: 2 A0<><C ?@>F5AV =02G0==O 2V41C20TBLAO WW C4>A:>=0;5==O. >B>2=VABL 48B8=8 4> H:>;8 2 30;C7V @>7C<>2>3> @>728B:C 2:;NG0T 45:V;L:0 270T<>72 O70=8E AB>@V=. 8B8=V, O:0 718@0TBLAO 4> ?5@H>3> :;0AC, B@510 <0B8 =5>1EV4=89 72VA=89 70?0A 7=0=L ?@> =02:>;8H=T A5@54>28I5  ?@> ?@54<5B8 B0 WE 2;0AB82>ABV, ?@> O28I0 682>W B0 =5682>W ?@8@>48, ?@> ;N459, WE ?@0FN B0 ?@> V=HV AB>@>=8 ACA?V;L=>3> 68BBO, ?@> B5, "I> 30@=>, 0 I> ?>30=>", B>1B> ?@> <>@0;L=V =>@<8 ?>254V=:8. ;5 206;8289 =5 ABV;L:8 >1 T< F8E 7=0=L, A:V;L:8 WE O:VABL  ABC?V=L ?@028;L=>ABV, GVB:>ABV 9 C7030;L=5=>ABV CO2;5=L, O:V A:;0;8AO C 4>H:V;L=><C 48B8=AB2V. @8 FL><C 206;8289 =5 ABV;L:8 >1AO3 B8E 7=0=L, I> <0T 48B8=0, A:V;L:8 WE O:VABL, ABC?V=L CA2V4><;5==O, GVB:VABL CO2;5=L. "><C 206;82VH5 =5 2G8B8 48B8=C G8B0B8, 0 @>72820B8 <>2;5==O, 740B=VABL @>7@V7=OB8 72C:8; =5 2G8B8 ?8A0B8, 0 AB2>@N20B8 C<>28 4;O @>728B:C <>B>@8:8, B0 >A>1;82> @CEV2 @C:8 V ?0;LFV2. 02G0==O C H:>;V, A8AB5<0B8G=5 70A2>T==O 7=0=L AB02;OBL 28A>:V 28<>38 4> <8A;5==O 48B8=8. >=0 ?>28==0 2<VB8 287=0G0B8 VAB>B=5 2 O28I0E =02:>;8H=L>3> A5@54>28I0, 2<VB8 ?>@V2=N20B8 WE, 10G8B8 A?V;L=5 9 2V4<V==5; 2>=0 ?>28==0 =02G8B8AO <V@:C20B8, 7=0E>48B8 ?@8G8=8 O28I, @>18B8 28A=>2:8. 1@07=5 <8A;5==O AB0@H>3> 4>H:V;L=8:0 40T 4>AB0B=L> 1030BV <>6;82>ABV 4;O 70A2>T==O C7030;L=5=8E 7=0=L, V O:I> ?@028;L=> ?>1C4C20B8 =02G0==O, 4VB8 >2>;>4V20NBL CO2;5==O<8, O:V 2V4>1@060NBL VA=C20==O 70:>=><V@=>ABV O28I, O:V 2V4=>AOBLAO 4> @V7=8E >1;0AB59 4V9A=>ABV. "0:V CO2;5==O 9 7 O2;ONBLAO =091V;LH 206;828< =01CBBO<, O:5 4>?><>65 48B8=V ?5@59B8 C H:>;V 4> 70A2>T==O =0C:>28E 7=0=L. &V;:>< 4>AB0B=L>, O:I> 2 ?V4AC<:C 4>H:V;L=>3> =02G0==O 48B8=0 >7=09><8BLAO 7 B8<8 >1;0ABO<8 V AB>@>=0<8 O28I, O:V A;C60BL ?@54<5B>< 282G5==O @V7=8E =0C:, ?>G=5 WE 284V;OB8, 2V4@V7=OB8 6825 2V4 =5682>3>, @>A;8=8 2V4 B20@8=, ?@8@>4=5 2V4 AB2>@5=>3> @C:0<8 ;N48=8, H:V4;825 2V4 :>@8A=>3>. !8AB5<0B8G=5 >7=09><;5==O 7 :>6=>N 30;C77N, 70A2>T==O A8AB5< =0C:>28E ?>=OBL  4V;> <091CB=L>3>. 06;825 7=0G5==O <0T 30@=5 >@VT=BC20==O 48B8=8 C ?@>AB>@V B0 G0AV. C:20;L=> 7 ?5@H8E 4=V2 ?5@51C20==O C H:>;V 48B8=0 >B@8<CT 2:07V2:8, O:V =5<>6;82> 28:>=0B8 157 2@0EC20==O ?@>AB>@>28E >7=0: @5G59, 7=0==O A?@O<>20=>ABV ?@>AB>@C. 0?@8:;04, 2G8B5;L ?@>?>=CT ?@>25AB8 ;V=VN "=02A:VA 2V4 ;V2>3> 25@E=L>3> 4> ?@02>3> =86=L>3> :CB:0 :;VB8=8" 01> "?@O<> 2=87 ?> ?@02V9 AB>@>=V :;VB8=8". #O2;5==O ?@> G0A 9 ?>GCBBO G0AC, 2<V==O 287=0G8B8, A:V;L:8 9>3> <8=C;>,  206;820 C<>20 >@30=V7>20=>W @>1>B8 CG=O C :;0AV, 28:>=0==O 70240=L C 707=0G5=89 AB@>:. A>1;825 <VAF5 2 ?A8E>;>3VG=V9 3>B>2=>ABV 48B8=8 4> H:>;8 =040TBLAO >2>;>4V==N 45O:8<8 A?5FV0;L=8<8 7=0==O<8 B0 =028G:0<8, O:V B@048FV9=> 2V4=>AOBLAO 4> 2;0A=> H:V;L=8E,  3@0<>B>N, ;VG1>N, @>72 O7C20==O< 0@8D<5B8G=8E 7040G. ;5 A;V4 A:070B8, I> ?>G0B:>20 H:>;0 @>7@0E>20=0 =0A0<?5@54 =0 4VB59, O:V =5 <0NBL =VO:>W A?5FV0;L=>W ?V43>B>2:8, V ?>G8=0T =02G0B8 WE 3@0<>BV B0 <0B5<0B8FV 7 ?>G0B:C. "><C =5<>6=0 287=020B8 2V4?>2V4=V 7=0==O B0 =028G:8 >1>2 O7:>2>N A:;04>2>N G0AB8=>N ?V43>B>2:8 48B8=8 4> H:>;8. 07>< 7 B8< 7=0G=0 :V;L:VABL 4VB59, O:V 718@0NBLAO 4> ?5@H>3> :;0AC, 2<VT G8B0B8, 0 ;VG1>N 2>;>4VNBL <0965 CAV. ?0=C20==O 3@0<>B>N B0 5;5<5=B0<8 <0B5<0B8:8 2 4>H:V;L=><C 2VFV 2?;820T =0 CA?VE H:V;L=>3> =02G0==O. >78B82=5 7=0G5==O <0T AB2>@5==O C 4VB59 7030;L=8E CO2;5=L ?@> 72C:>2C AB>@>=C <>28 B0 WW 2V4<V=8 2V4 7<VAB>2=>W AB>@>=8, ?@> :V;L:VA=5 A?V22V4=>H5==O @5G59 B0 WE 2V47=0:8 2V4 ?@54<5B=>3> 7=0G5==O F8E @5G59. >?><>65 48B8=V 2G8B8AO C H:>;V V 70A2>T==O ?>=OBL G8A;0 B0 45O:8E V=H8E <0B5<0B8G=8E ?>=OBL. )>4> =028G>: G8B0==O, ;VG18, @VH5==O 7040G, B> WE :>@8A=VABL 70;568BL 2V4 B>3>, =0 O:V9 >A=>2V 2>=8 ?>1C4>20=V, =0A:V;L:8 ?@028;L=> AD>@<>20=V. "0:, =028G>: G8B0==O ?V428ICT @V25=L 3>B>2=>ABV 48B8=8 4> H:>;8 BV;L:8 ?@8 C<>2V, I> 2V= 1C4CTBLAO =0 107V @>728B:C D>=5<0B8G=>3> A;CEC V CA2V4><;5==O 72C:>2>3> A:;04C A;>20, 0 A0<> G8B0==O T ACFV;L=8< 01> ?>A:;04>28<. 01C:25=5 G8B0==O, O:5 =5@V4:> 7CAB@VG0TBLAO C 4>H:V;L=8:V2, 7040T B@C4=>IV2 C @>1>BV 2G8B5;O, B0: O: 48B8=C B@510 ?5@5=02G0B8. "5 6 AB>ACTBLAO V ;VG18  2>=0 7 O28BLAO :>@8A=>N, O:I> >?8@0TBLAO =0 @>7C<V==O <0B5<0B8G=8E 2V4=>A8=, 7=0G5==O G8A;0, V 40@5<=>N, O:I> 70A2>T=0 <5E0=VG=>. )5 @07 ?V4:@5A;8<>, I> 28@VH0;L=5 7=0G5==O 2 3>B>2=>ABV 4> 70A2>T==O H:V;L=>W ?@>3@0<8 <0NBL =5 A0<V ?> A>1V 7=0==O B0 =028G:8, 0 @V25=L @>728B:C ?V7=020;L=8E ?@>F5AV2 B0 ?V7=020;L=>W 4VO;L=>ABV 48B8=8, >A>1;82>ABV @>728B:C WW V=B5@5AV2. 030;L=5 ?>78B82=5 2V4=>H5==O 4> H:>;8 B0 =02G0==O, 4> AB0BCAC CG=O, 9>3> ?@020< B0 >1>2 O7:0< =54>AB0B=L> 4;O B>3>, I>1 70157?5G8B8 ABV9:5 CA?VH=5 =02G0==O, O:I> 48B8=C =5 ?@825@B0T 7<VAB 7=0=L, O:V 2>=0 >B@8<CT C<> X Z   : 0>BDRT\L`HJ,.Ldhjp ""F%H%L'\'(D)+ ,,,-.2`3b38.l0l"$HJhCJmHnHuhoMhCJhoMhCJmHsHhoMh5CJmHsH h5CJ hCJM<>    4 p $Sdh]`Sa$ Sdh]`S    " $ & ( * , : < H : R "$&  & F'dh]$Sdh]`Sa$ Sdh]`S&(*,.02468:<>@BDRTL.d"$Sdh]`Sa$ Sdh]`S":"6#<$"%%L'(((+,---------..122`3$Sdh]`Sa$ Sdh]`S`3b38@"GNPV|X\cBgln8sJwy{{|DԇȔj6 Sdh]`SJ "ޏrtԘĚrt~³ij^`DFvxܺ޺RTRTprNPHJh'ZhCJmHsHhoMhCJmHsHhoMhCJ hCJU6(jfX66|Hj@|`. Sdh]`S68"$hj"$.@BZ !++///0118:8::>>??BAlALBBB~CCGGMMPOOZQ|QRSTTvUUWWWWYZ$[J[`\\\\hdjd h>*CJh6>*CJ h5CJhCJmH sH  h6CJhoMhCJmHsH hCJhoMhCJJ.L: < > @ B D F H J L N P  Sdh]`S  & F%dh]P R T V X Z !!"%&(<-/8=>>n??,@@BALB~C  & F(dh]$Sdh]^Sa$ Sdh]`S~CpJKLNPOZQRvUWY$[`\]f^^n__H`ajdhimrqVt|upxz} Sdh]`Sjd0x2xxxzz jl~  &2 L!#|$f4566RBBC^CDDEHI8MtMMM6PVPPPZ [Nlljrrsss {R{@ҁɼɼɼɼɼɼɼɼɼɼɼɼɼɼɼh5CJmHnHuhCJmHnHu h>*CJ h5CJUhoMhCJhoMhCJmHsH hCJJ}Z*$,j,brX<Z8^>  & F)dh] Sdh]`S H:>;V, =5 FV:028BL B5 =>25, 7 G8< 2>=0 7=09><8BLAO =0 C@>:0E, O:I> WW =5 ?@8201;NT A0< ?@>F5A ?V7=0==O. )5 >4=VTN AB>@>=>N ?A8EVG=>3> @>728B:C, O:89 287=0G0T 3>B>2=VABL 48B8=8 4> H:V;L=>3> =02G0==O, T @>728B>: WW <>2;5==O  C<V==O 72 O70=>, ?>A;V4>2=>, 7@>7C<V;> 4;O V=H8E >?8A0B8 ?@54<5B, :0@B8=:C, ?5@540B8 EV4 A2>TW 4C<:8, ?>OA=8B8 B> G8 V=H5 O28I5. "0:8< G8=><, ?A8E>;>3VG=0 3>B>2=VABL 48B8=8 4> =02G0==O C H:>;V <VAB8BL: @04VA=5 G5:0==O ?>G0B:C =02G0==O C H:>;V, ?@89=OBBO ?>78FVW CG=O; 2<V==O A?V;:C20B8AO 7 >4=>;VB:0<8 B0 4>@>A;8<8; 2<V==O 2E>48B8 4> 48BOG>3> ACA?V;LAB20, 4VOB8 @07>< 7 V=H8<8; <0B8 70?0A 7=0=L ?@> =02:>;8H=T A5@54>28I5; 1060==O C7=020B8 =>25, 4>?8B;82VABL; 2<VB8 ?@82>48B8 4> ?>@O4:C A2>T @>1>G5 <VAF5 V ?V4B@8<C20B8 ?>@O4>: =0 =L><C; <0B8 5;5<5=B0@=V CG1>2V =028G:8; ?>78B82=5 2V4=>H5==O 4> <5B8 4VO;L=>ABV, ?@89=OBBO WW; ?@03=5==O ?>4>;0B8 B@C4=>IV =02G0==O; ?@03=5==O 4> 4>AO3=5==O @57C;LB0BV2 A2>TW 4VO;L=>ABV; @>728B>: <>28, ?0< OBV, <8A;5==O, >1@07=8E CO2;5=L; 740B=VABL ?V4?>@O4:C20B8 <>B828, :5@C20B8 A2>TN ?>254V=:>N; D>@<C20==O 5<>FV9=8E 2;0AB82>AB59 >A>18AB>ABV: 2<V==O A?V2GC20B8, ?5@56820B8 B0 V=. 06;825 C@0EC20==O V=482V4C0;L=8E E0@0:B5@>;>3VG=8E >A>1;82>AB59 4>H:V;L=8:0. /:I> 2V= A<V;8289 B0 2?52=5=89 2 A>1V, 4>FV;L=> ?>G8=0B8 2G8B8 9>3> :@8B8G=> >FV=N20B8 O:VABL 7@>1;5=>W @>1>B8. /:I> A>@><;8289, =5@VHCG89, :@0I5 4;O ?>G0B:C ?V4104L>@8B8 9>3>, 4>@CG8B8 28:>=0==O ?>;53H5=8E 70240=L, I>1 70DV:AC20B8 2 =L><C ?>GCBBO ?>4>;0==O B@C4=>IV2, ?V4B@8<C20B8 1C4L-O:C V=VFV0B82C. /:I> 48B8=0 =5B5@?;OG0, =5 4>2>48BL 4> :V=FO ?>G0BC A?@02C, ?@03=5 2V43>2>@8B8AO 1C4L-O:>N 2V4?>2V44N, B> 1060=> 70FV:028B8 WW 70240==O<, =02G8B8 7=0E>48B8 2 =L><C =>2V 45B0;V, =0A8G0B8 7=0==O =>28< 7<VAB><. , =02?0:8  O:I> 2 E>4V 3@8 48B8=0  C2`O7CT 2 @V7=8E 45B0;OE, I> 30;L<CT WW @CE 2?5@54, :@0I5 4>?><>3B8 W9 4>25AB8 4> :V=FO >48= 7 20@V0=BV2, 70;8H82H8 2A5 70925 ?> 1>:C, >1>2`O7:>2> ?@84V;82H8 C203C B@5=C20==N 2<V==O ?5@5E>48B8 2V4 >4=VTW V45W 4> V=H>W. # 72`O7:C 7 287=0G5==O< 2 ?A8E>;>3VG=V9 3>B>2=>ABV 4VB59 @V7=8E 284V2 2V4=>A8=, I> 2?;820NBL =0 @>728B>: =02G0;L=>W 4VO;L=>ABV, <0T A5=A 4V03=>ABC20B8 4VB59, O:V ?>ABC?0NBL 4> H:>;8, G5@57 ?>:07=8:8 ?A8EVG=>3> @>728B:C, I> =091V;LH 206;82V 4;O CA?VH=>3> =02G0==O C H:>;V.  ?@>1;5<>N 4V03=>AB8:8 ?A8E>;>3VG=>W 3>B>2=>ABV 4VB59 4> H:V;L=>3> =02G0==O 7CAB@VG0NBLAO ?@0:B8G=V ?A8E>;>38, O:V ?@0FNNBL 2 CAB0=>20E =0@>4=>W >A2VB8.  @V7=8E H:>;0E VA=CNBL A2>W A?>A>18 B0 <5B>48 >@30=V70FVW ?@89><C 4VB59. !L>3>4=V ?@0:B8G=> 2 CAVE H:>;0E 287=0G0TBLAO @V25=L ?A8E>;>3VG=>W 3>B>2=>ABV 4VB59 4> =02G0==O C H:>;V. @8 FL><C :>6=89 ?A8E>;>3 2 <V@C A2>TW :><?5B5=B=>ABV, B5>@5B8G=8E ?5@5203 28:>@8AB>2CT @V7=89 =01V@ <5B>48G=8E ?@>F54C@, I> 4>72>;OT >B@8<0B8 40=V ?@> AD>@<C20==O ?A8E>;>3VG=>W 3>B>2=>ABV 4> =02G0==O C H:>;V. 1.3. 5B>48:8 4>A;V465==O @V2=O ?A8E>;>3VG=>W 3>B>2=>ABV 4VB59 4> H:V;L=>3> =02G0==O. (:V;L=89 ?A8E>;>3 ?@>2>48BL O: <0A>2V, B0: V V=482V4C0;L=V ?A8E>;>3VG=V >1AB565==O. @8 <0A>28E (3@C?>28E) >1AB565==OE 4VB59 287=0G0TBLAO @V25=L V=B5;5:BC0;L=>3> @>728B:C, @>728B:C 4@V1=>W <>B>@8:8 @C:8, :>>@48=0FVO @CEV2 @C: B0 7>@C, 2<V==O 48B8=8 =0A;V4C20B8 7@07>:. ;O @50;V70FVW F8E FV;59, I>1 A:;0AB8 7030;L=5 CO2;5==O ?@> @V25=L @>728B:C 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O, <>6=0 28:>@8AB>2C20B8, =0?@8:;04, >@VT=B>2=89 B5AB H:V;L=>W 7@V;>ABV 5@=0  T@0A5:0. &59 B5AB <0T @O4 ACBBT28E 4>AB>W=AB2 4;O ?>G0B:>2>3> >1AB565==O 4VB59: =5 ?>B@51CT B@820;>3> G0AC 4;O ?@>2545==O; <>65 1CB8 28:>@8AB0=89 O: 4;O V=482V4C0;L=8E, B0: V 4;O 3@C?>28E >1AB565=L; <0T =>@<0B828, I> @>7@>1;5=V =0 7=0G=V9 281>@FV; =5 ?>B@51CT A?5FV0;L=8E 70A>1V2 B0 C<>2 4;O ?@>2545==O. .. C3@V<5=:>, .. 5=35@, .. >;V20=>20, ... !CH:>20 2 O:>ABV B0:>W 4V03=>AB8G=>W ?@>F54C@8 ?@>?>=CNBL :><?;5:A <5B>48: (45O:V 7 =8E <8 28:>@8AB>2CT<> 2 40=><C 4>A;V465==V), I> 4>72>;ONBL >E0@0:B5@87C20B8 =0ABC?=V <5E0=V7<8. V25=L @>728B:C ?5@54C<>2 =02G0;L=>W 4VO;L=>ABV: 2<V==O C206=> V B>G=> 28:>=C20B8 =0ABC?=V 2:07V2:8 4>@>A;>3>, A0<>ABV9=> 4VOB8 70 9>3> 70240==O<, >@VT=BC20B8AO =0 A8AB5<C 7<VABC 7040GV, ?5@51>@NNG8 2V42>;V:0NG89 2?;82 ?>1VG=8E D0:B>@V2 (<5B>48:8  @0DVG=89 48:B0=B ,  @07>: B0 ?@028;0 ). V25=L @>728B:C =0>G=>->1@07=>3> <8A;5==O (=0>G=>-AE5<0B8G=>3>), I> A;C68BL >A=>2>N 4;O =0ABC?=>3> ?>2=>FV==>3> @>728B:C ;>3VG=>3> <8A;5==O, >2>;>4V==O =02G0;L=8< <0B5@V0;>< (<5B>48:0  01V@8=B ). &O <5B>48:0 @>7@>1;5=0  4>H:V;L=>3> 28E>20==O  ! !  B0 A?@O<>20=0 B0:>6 =0 28O2;5==O @V2=O AD>@<C20==O =0>G=>-AE5<0B8G=>3> <8A;5==O (2<V==O :>@8ABC20B8AO AE5<0<8, C<>2=8<8 7>1@065==O<8 ?@8 >@VT=BC20==V 2 A8BC0FVOE). FV=:0 ?@>2>48BLAO 2  A8@8E 10;0E 157 ?5@5:;04C 2 =>@<0;V7>20=C H:0;C. <V==O C206=> A;CE0B8 V B>G=> 28:>=C20B8 2:07V2:8 4>@>A;>3>, ?@028;L=> 2V4B2>@8B8 =0 0@:CHV ?0?5@C 7040=89 =0?@O<>: ;V=V9, A0<>ABV9=> 4VOB8 70 70240==O< 4>@>A;>3> (<5B>48:0  @0DVG=89 48:B0=B , @>7@>1;5=0 .. ;L:>=V=8<). <V==O :>@8ABC20B8AO A8AB5<>N 7<VABC 7040GV, ?5@51>@NNG8 2V42>;V:0NG89 2?;82 ?>1VG=8E D0:B>@V2 (<5B>48:0  @07>: B0 ?@028;> , @>7@>1;5=0 .. 5=35@><). 57C;LB0B8 WW 28:>=0==O B0:>6 2V4>1@060NBL @V25=L @>728B:C =0>G=>->1@07=>3> <8A;5==O. "0:8< G8=><, FO <5B>48:0 A?@O<>20=0 =0 28O2;5==O 2<V==O >@VT=BC20B8AO 2 7<VABV 7040GV, 28O2;5==O ?5@5203 2 >@VT=BC20==V =0 =0>G=>-7040=89 7@07>: G8 <>2=>-AD>@<C;L>20=5 ?@028;>. @>F5A 28:>=0==O 70240=L B0:>6 2V4>1@060T >A>1;82>ABV A?@89=OBBO =0>G=>->1@07=>3> <8A;5==O V @V25=L @>728B:C A5=A>@=>-<>B>@=8E 74V1=>AB59 48B8=8. &O <5B>48:0 4>72>;OT 28O28B8 206;82C >A>1;82VABL ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8  F5 =0;56=VABL WW 4>  4>H:V;L=>3> G8  H:V;L=>3> B8?C. 5@52030 >@VT=BC20==O =0 7@07>: (:>;8 48B8=0 AB0@0TBLAO 2V4B2>@8B8 D>@<C B@8:CB=8:0 G8 @><1C V 7=0G=> <5=H5 ?@84V;OT C2038 =0 ?@028;> 7`T4=0==O :@0?>:) E0@0:B5@=> 4;O  4>H:V;L=>3> B8?C. V4:@5A;5=5 AB0@0==O 28:>=0B8 ?@028;L=5 7`T4=0==O :@0?>:, I> E0@0:B5@=> 4;O  H:V;L=>3> B8?C, A2V4G8BL ?@> 3>B>2=VABL 4> =02G0==O C H:>;V. /:I> C 48B8=8  H:V;L=>3> B8?C A?>AB5@V30NBLAO B@C4=>IV C A?@89=OBBV V 7>1@065==V D>@<8 7@07:0, F5 A2V4G8BL ?@> ?@>20;8 >1@07=>3> <8A;5==O V ?>B@51CT 4>40B:>2>3> >1AB565==O ?> V=H8< <5B>48:0<. AV =0720=V <5B>48:8 1060=> ?@>2>48B8 ?@8 3@C?>2><C >1AB565==V, B0: O: 2>=8 A?@O<>20=V =0 2<V==O 48B8=8 A;V4:C20B8 2:07V2:0< 4>@>A;8E, I> 04@5A>20=V 3@C?V G8 :;0AC. 0?@>?>=>20=V <5B>48:8 A:;040NBL :><?;5:A, AC<0@=V 10;8 O:>3> 287=0G0NBL @V25=L 28:>=0==O :>6=>N 48B8=>N 70240==O. 0=V ?> :>6=>W 48B8=8, I> >B@8<0=V 2 @57C;LB0BV 3@C?>2>3> B5ABC20==O, 72>4OBLAO C 7030;L=C B01;8FN 01> V=482V4C0;L=89 ;8AB>:. 0?@>?>=>20=89 2 @>1>BV :><?;5:A <5B>48: 4>72>;OT ?A8E>;>3C ?@0:B8G=> 7@07C 287=0G8B8 :>;> 4VB59, I> ?>B@51CNBL CB>G=5==O @57C;LB0BV2 3@C?>2>3> >1AB565==O.  >A=>2=><C 2 FN 3@C?C ?>?040NBL 4VB8 7 =87L:8<8 @57C;LB0B0<8 28:>=0==O <5B>48:8 5@=0  T@0A5:0 (12  15 10;V2) V =87L:8< @V2=5< AD>@<C20==O :><?>=5=BV2 CG1>2>W @>1>B8. >40;LH89 0=0;V7 >B@8<0=8E @57C;LB0BV2 3@C?>2>3> >1AB565==O <>65 7<V=8B8 :>;> 4VB59, O:V ?>B@51CNBL V=482V4C0;L=>3> >1AB565==O 2 >A=>2=><C 70 @0EC=>: ?>H8@5==O A?8A:C. "0:8< G8=><, @V25=L ?A8EVG=>3> @>728B:C 4VB59 6-7 @>:V2 G0AB> 287=0G0TBLAO 70 4>?><>3>N :><?;5:AC ?A8E>4V03=>AB8G=8E <5B>48:. 02545<> 45:V;L:0 <>6;828E 20@V0=BV2 B0:8E :><?;5:AV2. 5@H89 :><?;5:A <VAB8BL B@8 4V03=>AB8G=V <5B>48:8:  @0DVG=89 48:B0=B ,  @07>: V ?@028;> ,  01V@8=B . 0 4>?><>3>N FL>3> :><?;5:AC <>6=0 >E0@0:B5@87C20B8 =091V;LH 206;82V 4;O CA?VH=>ABV =02G0==O ?>:07=8:8 ?A8EVG=>3> @>728B:C 4>H:V;L=8:V2, 0 A0<5: 1) @V25=L @>728B:C ?5@54C<>2 CG1>2>W 4VO;L=>ABV: 2<V==O C206=> B0 B>G=> 28:>=C20B8 ?>A;V4>2=V 2:07V2:8 4>@>A;>3>, A0<>ABV9=> 4VOB8 70 9>3> 70240==O<, >@VT=BC20B8AO =0 A8AB5<C C<>2 7040GV, ?5@51>@NNG8 2V42>;V:0NG89 2?;82 ?>1VG=8E D0:B>@V2 (<5B>48:8  @0DVG=89 48:B0=B B0  @07>: V ?@028;> ); 2) @V25=L @>728B:C =0>G=>->1@07=>3> (7>:@5<0 =03;O4=>-AE5<0B8G=>3>) <8A;5==O, I> T ?V4AB02>N 4;O =0ABC?=>3> ?>2=>FV==>3> @>728B:C ;>3VG=>3> <8A;5==O, >2>;>4V==O CG1>28< <0B5@V0;>< (<5B>48:0  01V@8=B ). AV <5B>48:8 ?@>2>4OBLAO D@>=B0;L=>. 060=0 =0O2=VABL 0A8AB5=B0 (FN DC=:FVN <>65 28:>=C20B8 2G8B5;L). 5B>48:8  01V@8=B B0  @07>: V ?@028;> <>6CBL 28:>@8AB>2C20B8AL B0:>6 ?@8 V=482V4C0;L=><C >1AB565==V; <5B>48:0  @0DVG=89 48:B0=B  BV;L:8 D@>=B0;L=>, 1> 2>=0 A?@O<>20=0 =0 28O2;5==O 2<V==O 48B8=8 4>B@8<C20B8AL 2:07V2>: 4>@>A;>3>, I> 04@5A>20=V 3@C?V CG=V2 01> :;0AC 2 FV;><C. !8AB5<0 >FV=N20==O @57C;LB0BV2 28:>=0==O :><?;5:AC <5B>48: 1C;0 @>7@>1;5=0 7 C@0EC20==O< O:VA=8E >A>1;82>AB59 28:>=0==O :>6=>3> 70240==O. E0@0:B5@87CT<> :>6=C <5B>48:C. 5B>48:0  @0DVG=89 48:B0=B . 5B>48:0  @0DVG=89 48:B0=B @>7@>1;5=0 .. ;L:>=V=8< =0 28O2;5==O 2<V==O C206=> A;CE0B8 B0 B>G=> 28:>=C20B8 =09?@>ABVHV 2:07V2:8 4>@>A;>3>, 2V@=> 2V4B2>@N20B8 =0 0@:CHV ?0?5@C 2:070=89 =0?@O<>: ;V=VW, A0<>ABV9=> 4VOB8 70 70240==O< 4>@>A;>3>. 8:>=0==O <5B>48:8 74V9A=NTBLAO 2 B0:89 A?>AV1. >6=V9 48B8=V 2840TBLAO 7>H8B>289 ;8AB C :;VB8=C 7 =0=5A5=8<8 =0 =L><C G>B8@<0 B>G:0<8. A8E>;>3 40T 4>:;04=C V=AB@C:FVN, O: B@510 <0;N20B8 2V75@C=>: ?V4 9>3> 48:B>2:C. VA;O B>3>, O: 7@>1;5=V ?>?5@54=V ?>OA=5==O, ?5@5E>4OBL 4> <0;N20==O B@5=C20;L=>3> 2V75@C=:0. A8E>;>3 48:BCT: 0;N9B5 ;V=VN: >4=0 :;VB8=:0 C=87, :;VB8=:0 2?@02>, :;VB8=:0 =03>@C, >4=0 :;VB8=:0 2?@02>, >4=0 :;VB8=:0 =03>@C V B.4. 0;V 4VB8 ?@>4>26CNBL <0;N20B8 2V75@C=>: A0<V 4> :@0N ;8AB0. '5@57 O:89AL G0A ?@>:07CTBLAO =0ABC?=89 2V75@C=>:, V B0: CAL>3> G>B8@8 2V75@C=:8. 030;L=89 G0A ?@>2545==O <5B>48:8 - 15 E28;8=. 0;V ?> A?5FV0;L=V9 H:0;V >FV=NNBLAO @57C;LB0B8 28:>=0==O <5B>48:8. >6=0 48B8=0 >45@6CT 42V >FV=:8: >4=C - 70 28:>=0==O 48:B0=BC B0 V=HC - 70 A0<>ABV9=5 ?@>4>265==O 2V75@C=:0. 18420 2>=8 <>6CBL :>;820B8AO 2 <560E 2V4 0 4> 4 10;V2. >BV< ?V4@0E>2CTBLAO AC<0@=89 10; (!) 70 28:>=0==O 2AVE B@L>E 2V75@C=:V2. V4?>2V4=>, 2V= <>65 :>;820B8AO 2 <560E 2V4 0 4> 16 10;V2. 5B>48:0  @07>: V ?@028;> . 5B>48:0 A?@O<>20=0 =0 28O2;5==O C<V==O :5@C20B8AO A8AB5<>N C<>2 7040GV, 4>;0NG8 2V4BO6=89 2?;82 AB>@>==VE G8==8:V2. 57C;LB0B8 WW 28:>=0==O 2V41820NBL B0:>6 @V25=L @>728B:C =0>G=>->1@07=>3> <8A;5==O 6-7-;VB=VE 4VB59. 0B5@V0;>< A;C68BL :=865G:0 7 70240==O<8. 0 ?5@H><C ;8ABV 70?8ACNBLAO 40=V ?@> 48B8=C V 40B0 ?@>2545==O >1AB565==O. A8E>;>3 40T 4VBO< 4>:;04=C V=AB@C:FVN 7 28:>=0==O 70240==O. >BV< 4VBO< ?@>?>=CNBL ?@8ABC?8B8 4> 9>3> 28:>=0==O, 0 2 F59 G0A ?A8E>;>3 V 9>3> 0A8AB5=B AB560BL 70 B8<, I>1 =5 1C;0 ?@>?CI5=0 O:0AL 7040G0 V B.?. >40B:>2V @>7'OA=5==O 4VBO< =5 40NBLAO, CA5 WE=V 4VW 70>E>GCNBLAO V B.?. 0 :>6=C V7 H5AB8 7040G AB028BLAO >FV=:0, I> <>65 :>;820B8AO 2 <560E 2V4 0 4> 2 10;V2. !C<0@=89 10; (!), B0:8< G8=><, <>65 7=0E>48B8AO 2 V=B5@20;V 2V4 0 4> 12 10;V2. 5B>48:0 01V@8=B. 5B>48:0 A?@O<>20=0 =0 28O2;5==O @V2=O AD>@<>20=>ABV =0>G=>-AE5<0B8G=>3> <8A;5==O (C<V==O :>@8ABC20B8AO AE5<0<8 9 C<>2=8<8 7>1@065==O<8 ?@8 >@VT=BC20==V 2 A8BC0FVW). FV=:0 @57C;LB0BV2 28:>=0==O 40=>W <5B>48:8 ?@>2048BLAO 2 A8@8E 10;0E 157 ?5@52545==O 2 =>@<0;V7>20=C H:0;C. 0B5@V0; O2;OT A>1>N :><?;5:B 0@:CHV2, =0 O:8E 7>1@065=V 30;O28=:8 7 @>730;C65=8<8 4>@V6:0<8 V 1C48=>G:0<8 =0 WE=VE :V=FOE, 0 B0:>6 ;8AB8, I> C<>2=> 2:07CNBL H;OE 4> >4=><C 7 1C48=>G:V2. 5@HV 420 0@:CHV ( 8 ) 2V4?>2V40NBL 2ABC?=8< 7040G0<, 0@:CHV 1-10 >FV=NNBLAO 10;0<8. A8E>;>3 40T 4>:;04=C V=AB@C:FVN, O: 28:>=C20B8 70240==O. =0945=89 1C48=>G>: =5>1EV4=> 70:@5A;8B8. 5@54 :>6=V9 7040G5N ?A8E>;>3 4>:;04=> >?8ACT H;OE 4> ?>B@V1=>3> 1C48=>G:0, 0 4VB8 ?>28==V 9>3> 7=09B8 V 70:@5A;8B8. @8 >?@0FN20==V @57C;LB0BV2 ?> :>6=V9 V7 7040G 1-6 70 :>6=89 ?@028;L=89 ?>2>@>B =0G8A;OTBLAO 1 >G:>. A:V;L:8 2 7040G0E 1-6 =5>1EV4=> 7@>18B8 G>B8@8 ?>2>@>B8, <0:A8<0;L=0 :V;L:VABL >G>: 70 :>6=C 7 7040G - 4. # 7040G0E 7-10 70 :>6=89 ?@028;L=89 ?>2>@>B =0G8A;OTBLAO 2 >G:0; 2V4?>2V4=>, C 7040G0E 7-8 (420 ?>2>@>B8) <0:A8<0;L=V :V;L:>ABV >G>: 4>@V2=NT 4, C 7040G0E 9-10 (B@8 ?>2>@>B8) - 6. AV >FV=:8, >B@8<0=V 48B8=>N 70 :>6=C >:@5<C 7040GC, ?V4AC<>2CNBLAO. 0:A8<0;L=0 :V;L:VABL >G>: (!) - 44. V4AC<:>20 >FV=:0 @57C;LB0BV2 >1AB565==O. >@8ABCNG8AL 40=8< :><?;5:A>< <5B>48:, 20@B> ?0<'OB0B8, I> =04V9=VABL 3@C?>28E B5ABV2 =V:>;8 =5 1C20T AB>?@>F5=B=>N. ;O :>6=V9 V7 B@L>E <5B>48:, I> 2E>4OBL C =0720=89 :><?;5:A, =0 >A=>2V AC<0@=>3> 10;0 (!) 287=0G0TBLAO @V25=L 28:>=0==O 70240==O 48B8=>N. 84V;OTBLAO 5 <>6;828E @V2=V2 28:>=0==O :>6=>3> 70240==O (482. B01;. 1). "01;8FO 1. =0G5==O !, I> 2V4?>2V40NBL @V7=8< @V2=O< 28:>=0==O 70240=L ?5@H>3> :><?;5:AC V25=L#<>2=5 >G:>@0DVG=89 48:B0=B@07>: V ?@028;> 01V@8=B100-10-20-1326 2-4314-2239 5-104-623-2841111-13 729-3651214-166-1237-44 V4AC<:>20 >FV=:0 28:>=0==O 48B8=>N :><?;5:AC 4V03=>AB8G=8E 70240=L O2;OT A>1>N AC<C C<>2=8E 10;V2 (2V4 0 4> 36). > FV9 ?V4AC<:>2V9 >FV=FV 287=0G0TBLAO @V25=L AD>@<>20=>ABV :><?>=5=BV2 =02G0;L=>W @>1>B8 (482. B01;. 2). "01;8FO 2. =0G5==O ?V4AC<:>2>W >FV=:8, I> 2V4?>2V40NBL @V7=8< @V2=O< AD>@<>20=>ABV :><?>=5=BV2 =02G0;L=>W @>1>B8 2 4VB59 6, 7, 8 @>:V2. V4AC<- :>20 >FV=:0 V: 48B8=86 @>:V2 2ABC? 4> H:>;87 @>:V2 :V=5FL 1 :;.  ?>G0B>: 2 :;. 8 @>:V2 :V=5FL 2 :;.0-12 A>1;82> =87L:89A>1;82> =87L:89  A>1;82> =87L:8913-18 87L:89 A>1;82> =87L:89 A>1;82> =87L:8914-2386G5 A5@54=L>3>87L:89 A>1;82> =87L:8924-30 !5@54=V9 86G5 A5@54=L>3> 87L:8931-338I5 A5@54=L>3>!5@54=V986G5 A5@54=L>3>34-35 8A>:89 8I5 A5@54=L>3> !5@54=V936A>1;82> 28A>:898A>:89 8I5 A5@54=L>3> ;O 287=0G5==O @V2=O 3>B>2=>ABV 4> H:V;L=>3> =02G0==O 28:>@8AB>2CTBLAO B0:>6 :><?;5:A8 ?A8E>4V03=>AB8G=8E <5B>48:, I> 2@0E>2CNBL :>=:@5B=V C<>28, C O:V AL>3>4=VH=O H:>;0 AB028BL 48B8=C-?5@H>:;0A=8:0. !N48 AB02;OBLAO B0:V <5B>48:8: 15AV40 7 48B8=>N, I> 4>72>;OT 287=0G8B8 @V25=L WW >@VT=BC20==O 2 >B>GCNG><C, 70?0A 7=0=L, 2V4=>H5==O 4> H:>;8;  8A;5==O V <>2;5==O ,  1@07=V CO2;5==O ,  =0;V7 7@07:0 ,  4=><><5=B=5 A?@89=OBBO :V;L:>ABV ,  >728B>: @CEV2 . 0 4>?><>3>N FL>3> 4@C3>3> :><?;5:AC <>6=0 28O28B8 =0O2=VABL C 48B8=8 ?52=>3> @V2=O @>728B:C 4>2V;L=>ABV 4V9, C<V==O 4VOB8 2V4?>2V4=> 4> C:07V2>: 4>@>A;>3>, 0=0;V7C20B8 70?@>?>=>20=89 7@07>: (284V;OB8 9>3> 7 <0B5@V0;C), ?52=>3> @V2=O @>728B:C <8A;5==O V <>2;5==O, C<V==O >@30=V7C20B8 A2>N @CE>2C 0:B82=VABL, =0O2=>ABV 1060==O 9B8 2 H:>;C. !8AB5<0 >FV=N20==O @57C;LB0BV2 28:>=0==O :><?;5:AC <5B>48: 1C;0 @>7@>1;5=0 7 C@0EC20==O< O:VA=8E >A>1;82>AB59 28:>=0==O :>6=>3> 70240==O. E0@0:B5@87CT<> :>6=C <5B>48:C. @VT=BC20==O 2 >B>GCNG><C, 70?0A 7=0=L, 2V4=>H5==O 4> H:>;8. &V 40=V 28O2;ONBLAO 2 ?@>F5AV 15AV48 7 48B8=>N. @8 FV9 15AV4V <>6CBL 1CB8 ?@8ACB=V<8 V WW 10BL:8, ?@>B5 2>=8 =5 <0NBL ?@020 2B@CG0B8AO 2 EV4 15AV48, ?V4:07C20B8 48B8=V ?@028;L=C 2V4?>2V4L 01> 2V4?>2V40B8 70 =5W. A8E>;>3 =5 ?>28==89 70G8BC20B8 A2>W ?8B0==O ?> ?0?V@FV, @>7<>2;OB8 7 48B8=>N ?>B@V1=> =5>DVFV9=>, 4>2V@G>. 5 20@B> :20?8B8 48B8=C, 0 B0:>6 =V 2 O:><C @07V =5 <>6=0 28O2;OB8 =524>2>;5==O V ;0OB8 48B8=C 70 ?>30=C 2V4?>2V4L. 5:><5=4CTBLAO 704020B8 B0:V ?8B0==O. /: B515 72CBL? !:V;L:8 B>1V @>:V2? /: 72CBL B2>WE 10BL:V2? /: =07820TBLAO <VAB> (A5;>, A5;>, A5;8I5), C O:><C B8 6825H? /:8E 4><0H=VE B20@8= B8 7=0TH? /:8E 48:8E B20@8=? # O:89 G0A @>:C =0 45@520E 7'O2;ONBLAO ;8AB8? )> 70;8H0TBLAO =0 75<;V ?VA;O 4>IC? '8< 2V4@V7=OTBLAO 45=L 2V4 =>GV? '8 E>G5H B8 9B8 2 H:>;C? /: B8 4C<0TH, I> 30@=>3>, FV:02>3> 1C45 2 H:>;V? /:, ?>-B2>T<C, :@0I5 CG8B8AO - C4><0 7 <0<>N 01> 2 H:>;V 7 CG8B5;L:>N? 0 @57C;LB0B0<8 15AV48 70?>2=NNBLAO ?5@HV 420 ?C=:B8 ?@>B>:>;C >1AB565==O. VA;O :>6=>3> ?8B0==O AB02;OBLAO 7=0:  + 01>  - . V4AC<:>289 @V25=L >@VT=BC20==O 2 >B>GCNG><C V 70?0A 7=0=L 287=0G0TBLAO =0 >A=>2V ?V4@0EC=:C G8A;0 ?;NAV2, >B@8<0=8E 70 2V4?>2V4V =0 ?8B0==O 1-8, V >FV=NTBLAO O:  28A>:89 - ?@8 7-8 ?;NA0E,  A5@54=V9 - ?@8 5-6 ?;NA0E,  =87L:89 - ?@8 G8A;V ?;NAV2 <5=H5 5. V4AC<:>289 @V25=L AD>@<>20=>ABV ?>78B82=>3> 2V4=>H5==O 4> H:>;8 287=0G0TBLAO =0 >A=>2V ?V4@0EC=:C G8A;0 ?;NAV2, >B@8<0=8E 70 2V4?>2V4V =0 ?8B0==O 9-11, V >FV=NTBLAO O:  28A>:89 - ?@8 3 ?;NA0E,  A5@54=V9 - ?@8 2 ?;NA0E,  =87L:89 - ?@8 G8A;V ?;NAV2 1 01> 0. >7C<>289 V <>2=89 @>728B>:. 5B>48:0 1.  8A;5==O V <>2;5==O . 8B8=V ?@>?>=CNBLAO B0:V 70240==O. >7C<V==O 3@0<0B8G=>W :>=AB@C:FVW. A8E>;>3 28<>2;OT ?@>?>78FVN:  5B@> ?VH>2 C :V=> ?VA;O B>3>, O: 4>G8B02 :=83C . @>?>78FVN ?>B@V1=> 28<>2;OB8 ?>2V;L=> V GVB:>. >BV< ?A8E>;>3 70?8BCT:  )> 5B@> @>182 @0=VH - 48282AO :V=> 01> G8B02 :=83C? 2. <V=0 V<5= V<5==8:V2 ?> G8A;0E. A8E>;>3 3>2>@8BL 48B8=V:  / =072C B>1V A;>2>< >48= ?@54<5B, 0 B8 7<V=8 F5 A;>2> B0:, I>1 CB2>@8;>AO 1030B> ?@54<5BV2. 0?@8:;04, O A:06C:  ;V25FL , 0 B8 ?>28==89 2V4?>2VAB8:  ;V2FV . 0;V ?A8E>;>3 =07820T >48=04FOBL V<5==8:V2 2 >4=8=V:  :=830 ,  @CG:0 ,  ;0<?0 ,  ABV; ,  2V:=> ,  <VAB> ,  ABV;5FL ,  2CE> ,  1@0B ,  ?@0?>@ ,  48B8=0 . /:I> 48B8=0 =5 2V4@07C @>7C<VT V=AB@C:FVN, B> =5>1EV4=> WW ?>?@028B8 V 7=>2C 40B8 7@07>: ?@028;L=>W 2V4?>2V4V:  :=830 - :=838 . >7?>2V4L ?> :0@B8=FV. 5@54 48B8=>N 157;04=> :;04CBL G>B8@8 :0@B8=:8, =0 O:8E 7>1@065=0 ?52=0, 4>1@5 2V4><0 W9 ?>A;V4>2=VABL ?>4V9. A8E>;>3 ?@>A8BL 48B8=C @>7:;0AB8 :0@B8=:8 2 ?>B@V1=><C ?>@O4:C V ?>OA=8B8, G><C 2>=0 ?>:;0;0 WE B0:, 0 =5 V=0:H5. V4AC<:>289 @V25=L @>728B:C <8A;5==O V <>2;5==O >FV=NTBLAO O: 28A>:89, O:I> 28:>=0==O 2AVE B@L>E 70240=L 1C45 >FV=5=> 7=0:>< +, O: =87L:89, O:I> 28:>=0==O 2AVE 70240=L 1C45 >FV=5=> 7=0:>< -, O: A5@54=V9, O:I> 28:>=0==O 42>E 1C4L-O:8E 70240=L 1C45 >FV=5=> 7=0:>< +, 0 B@5BL>3> - 7=0:>< -. 5B>48:0 2. 1@07=V CO2;5==O. 8B8=V ?@>?>=CNBLAO B0:V 70240==O. 18@0==O @>7@V70=8E :0@B8=>:. 8B8=V ?@>?>=CNBL A:;0AB8 :0@B8=:C 7 G0AB8=, I> ;560BL ?5@54 =5N. A8E>;>3 3>2>@8BL ?@8 FL><C:  0G8H, :0@B8=:0 7;0<0;0AO. >;03>4L WW . /:I> 48B8=0 =5 A?@02;OTBLAO 7 70240==O<, B> W9 ?@>?>=CNBL 28:>=0B8 9>3> A?@>I5=89 20@V0=B. # 1C4L-O:><C 28?04:C =07820B8 7>1@065=V ?@54<5B8 =5 B@510. 0;N=>: ;N48=8. 8B8=V ?@>?>=CNBL =0<0;N20B8 ;N48=C ( 4O4L:0 ), =09:@0IC, O:0 C =5W CB2>@8BLAO. /:I> 48B8=0 3>2>@8BL, I> =5 2<VT <0;N20B8, ?A8E>;>3 ?>28==89 ?>104L>@8B8 WW, ?>OA=8B8, I> 2 40=><C 2VFV 2AV 4VB8 <0;NNBL =5 4C65 4>1@5, 0;5 2A5 @V2=> :>6=89 <0;N=>: ?>-A2>T<C FV:0289. /:I> 48B8=0 7027OB> 2V4<>2;OTBLAO 28:>=0B8 70240==O, ?A8E>;>3 <>65 70?8B0B8 2 =5W:  )> T 2 ;N48=8? V, >B@8<02H8 2V4?>2V4L, =0?@8:;04:  >;>20 , 70?@>?>=C20B8:  "0: =0<0;N9 3>;>2C V B.4. 0?@8:V=FV >1>2'O7:>2> 20@B> 70?8B0B8 48B8=C:  '8 =0<0;L>20=> CA5, I> ?>B@V1=>? @8 >FV=N20==V <0;N=:0 ;N48=8 2@0E>2CTBLAO: =0O2=VABL >A=>2=8E G0AB8=: 0) 3>;>28, 1) >G59, 2) @>B0, 3) =>A0, 4) BC;C18, 5) @C:, 6) =V3; =0O2=VABL 4@C3>@O4=8E 45B0;59: 0) ?0;LFV2, 1) H8W, 2) 2>;>AAO 01> H0?:8, 3) 27CBBO, 4) >4O38; 70AV1 7>1@065==O @C: V =V3: >4=>N @8A>N ( =87L:89 ) 01> 42><0 @8A0<8, B0:, I> 284=0 B>2I8=0 :>=5G=>AB59 ( 28A>:89 ). 0;N=>: >FV=NTBLAO 7=0:><  + , O:I> T 2AV AV< >A=>2=8E G0AB8= V =5 <5=H5 B@L>E 4@C3>@O4=8E 45B0;59 (?>70 70;56=VABN 2V4 =0O2=>ABV 4>40B:>28E 45B0;59 V 2V4 70A>1C 7>1@065==O :>=5G=>AB59). # ?@>B82=><C 28?04:C <0;N=>: >FV=NTBLAO 7=0:><  +- . V4AC<:>289 @V25=L @>728B:C >1@07=8E CO2;5=L >FV=NTBLAO O:  28A>:89 , O:I> >18420 70240==O <5B>48:8 48B8=0 28:>=CT 7V 7=0:><  + , V O:  =87L:89 , O:I> 2V= 28:>=CT WE V7 7=0:><  - . # ?@><V6=8E 28?04:0E 3>2>@OBL ?@>  A5@54=V9 @V2=V. 5B>48:0 3. =0;V7 7@07:0. 0 AB>;V ?5@54 48B8=>N 28:;040TBLAO V7 AV@=8:V2 DV3C@:0 ;N48=8 B0:, I>1 7@07>: =5 2V4?>2V402 48BOG><C AB0=40@B=><C 20@V0=BC. 0;V ?A8E>;>3 3>2>@8BL: / E>GC, I>1 B8 <5=V 7@>182 B0:C 6. #206=> ?>4828AO. 0?0<'OB02? "5?5@ O WW 70:@>N, 0 B8 ?>@CG V7 F8< ;8AB>G:>< 7@>18 <5=V B>G=> B0:C 6 ;N48=C. @07>: 70:@820NBL ;8AB><, 48B8=V 40NBL AV@=8:8 V 2:07CNBL <VAF5 =0 AB>;V ?>@CG, 45 2>=0 ?>28==0 28:>=0B8 70240==O. V4 G0A ?@>2545==O FVTW <5B>48:8 C203C 48B8=8 =5 20@B> 725@B0B8 =V =0 O:V >A>1;82>ABV 28EV4=>W DV3C@8. VBO<, I> 2V4@07C 6 ?>AB@>W;8 DV3C@C, B>G=> 2V4?>2V4=C 7@07:C, <>6=0 4>40B:>2> 70?@>?>=C20B8 1V;LH A:;04=C :>=AB@C:FVN -  :@>20B:C , I> <0T 0A8<5B@8G=V 45B0;V. V4B2>@8B8 B0:89 7@07>: 2V4@07C 6 157 ?><8;>: 48B8=V 728G09=> =5 240ABLAO, >A:V;L:8 2V= 0A8<5B@8G=89, V FO 0A8<5B@VO =5 <0T DC=:FV>=0;L=>3> ?>OA=5==O. @>B5 4>@>A;89 =0?>;O30T =0 B><C, I>1 CA5 1C;> 7@>1;5=> 2 B>G=>ABV B0:, O: C =L>3>. >40;LH0 ?@>F54C@0 5:A?5@8<5=BC B0:0 6, O: 2 >A=>2=><C 70240==V. @8  28A>:><C @V2=V 3>B>2=>ABV 48B8=0 A?@><>6=0 A0<>ABV9=> 28O28B8 2V4E8;5==O 2V4 7@07:0 2 7@>1;5=V9 =5N DV3C@V V 2=5AB8 =5>1EV4=V :>@5:B828. &L>3> FV;:>< 4>AB0B=L>: =5 >1>2'O7:>2>, I>1 DV3C@0 2V4@07C 2V4?>2V40;0 7@07:C, FV;:>< ?@8?CAB8<V =525;8G:V 2V4E8;5==O, 206;82> BV;L:8 2G0A=> WE 28?@028B8. >:07=8:><  A5@54=L>3> @V2=O 3>B>2=>ABV T C<V==O 28?@028B8 A2>N DV3C@C 70 4>?><>3>N 4>@>A;>3>, O:89 DV:ACT C203C 48B8=8 =0 ?52=8E G0AB8=0E 01> =02VBL >A>1;82>ABOE 7@07:0 (=0?@8:;04, 3>2>@8BL:  >4828AO, I> 2 ;N48=8 =0 =>30E ). 8B8=0 7  =87L:8< @V2=5< 3>B>2=>ABV 4> H:>;8 =5 28?@02;OT ?><8;:8 C A2>W9 :>=AB@C:FVW =02VBL ?@8 <0:A8<0;L=V9 ?><>GV 7 1>:C 4>@>A;>3>. (0?@8:;04, =02VBL ?VA;O ?@028;L=>W 2V4?>2V4V =0 ?8B0==O:  )> 2 ;N48=8 =0 =>30E? 48B8=0 =VG>3> =5 7<V=NT 2 @>7B0HC20==V AV@=8:V2; 0 :>;8 WW 70?8BCNBL, G8 >4=0:>2> AB>OBL DV3C@:8 V ?@O<> ?V4:07CNBL:  # B2>TW ;N48=8 =>38 H8@>:> @>7AB02;5=V, 0 2 <>TW 7@CH5=V , 2>=0 CA5 @V2=> 2V4?>2V40T, I> >4=0:>2>. =>4V C 2V4?>2V4L =0 =02V4=V 70?8B0==O B0:V 4VB8 28?@02;ONBL B5, I> 28?@02;OB8 7>2AV< =5 >1>2'O7:>2>, =0?@8:;04, ?>?@02;ONBL =5 4C65 0:C@0B=> ;560G89 AV@=8:.) @VT=BC20B8AO ?@8 >FV=FV 3>B>2=>ABV 48B8=8 4> H:>;8 70 @57C;LB0B0<8 40=>W <5B>48:8 A;V4 =0 ?5@H5 70240==O. 5B>48:0 4. 4=><><5=B=5 A?@89=OBBO :V;L:>ABV. 0 AB>;V ?5@54 48B8=>N @>7A8?>< ;560BL AV@=8:8. A8E>;>3 3>2>@8BL W9:  5@8 72V4A8 ABV;L:8 AV@=8:V2, A:V;L:8 1C4C 1@0B8 O . >BV< 15@5 >48= AV@=8:, ?>:07CT 9>3> 48B8=V =0 4>;>=V V 2V4@07C 6 70B8A:0T 2 :C@:C;V (G0A ?@54'O2;5==O ?>28==> 1CB8 :>@>B:8<, >A:V;L:8 ?5@52V@OTBLAO =5 A?@><>6=VABL 4> ?5@5@0EC=:C, 0 <>6;82>ABV >4=><><5=B=>3> A?@89=OBBO :V;L:>ABV). 8B8=V ?@>?>=CTBLAO, C A2>N G5@3C, B0:>6 C7OB8 2V4?>2V4=C :V;L:VABL AV@=8:V2. V;L:VABL AV@=8:V2, C7OB8E 48B8=>N, DV:ACTBLAO, ?VA;O G>3> V 4>@>A;89, V 48B8=0 7=>2 :;04CBL WE =0 ABV;. 0;V ?A8E>;>3 15@5 V ?>:07CT 3, 2, 4 V 5 AV@=8:V2.  8A>:89 @V25=L DV:ACTBLAO, :>;8 48B8=0 A?@><>6=0 4> >4=><><5=B=>3> A?@89=OBBO 4-5 AV@=8:V2;  A5@54=V9 - 3 AV@=8:V2;  =87L:89 - 1-2 AV@=8:V2. >728B>: @CEV2. 5B>48:0 1. @V1=V @CE8. 87=0G8B8 @V25=L @>728B:C 4@V1=8E @CEV2 <>6=0 70 4>?><>3>N 70240==O  W740 ?> 4>@V6FV . A8E>;>3 ?@>?>=CT 48B8=V  ?@>WE0B8 ?> 4>@V6FV , 7`T4=0NG8 ;V=VTN 7>1@065==O <0H8=8 V 1C48=:C. 8B8=V ?>B@V1=> ?>OA=8B8, I> 2>=0 ?>28==0 ?@>2>48B8 ;V=VN, =5 2V4@820NG8 >;V25FL 2V4 ?0?5@C. =AB@C:FVO 72CG8BL B0::  "8 - 2>4V9. ">1V B@510 ?@>WE0B8 4> FL>3> 1C48=>G:0. "8 ?>W45H >B B0: (=0 <0;N=:C-7@07:C ?A8E>;>3 ?>:07CT, O: A0<5 B@510  WE0B8 ?> 4>@V6FV ). ;V25FL ?>28==89 C25AL G0A @CE0B8AO ?> ?0?5@V, V=0:H5 CB2>@8BLAO, I> <0H8=0 7;5BV;0 2 ?>2VB@O, O: ;VB0:. 7609 0:C@0B=>, I>1 <0H8=0 =5 7'WE0;0 7 4>@>38 . 0 >A=>2V 28:>=0==O 70240==O 70?>2=NTBLAO 2V4?>2V4=89 ?C=:B ?@>B>:>;C. 57C;LB0B >FV=NTBLAO, O:  28A>:89 , O:I> 48B8=0 6>4=>3> @07C =5 28E>48BL 70 <56V  4>@V6:8 V >;V25FL 2V4@820TBLAO 2V4 ?0?5@C =5 1V;LH B@L>E @07V2; V O:  =87L:89 - ?@8 B@L>E V 1V;LH 28E>40E 70 <56V  4>@V6:8 , =0O2=>ABV A;01:>W 01> B@5<BOG>W ;V=VW V B.?.; C ?@><V6=8E 28?04:0E @57C;LB0B >FV=NTBLAO O:  A5@54=V9 . !;V4 B0:>6 725@=CB8 C203C =0 B5, C O:V9 @CFV 48B8=0 B@8<0T >;V25FL, V 2V47=0G8B8 F5 2 ?@>B>:>;V. 5B>48:0 2. @C?=V @CE8. @8 =54>AB0B=L><C @V2=V @>728B:C :@C?=8E @CEV2 (B>1B> @CEV2 @C:, =V3, CAL>3> BV;0) C H:>;O@V2 G0AB> 28=8:0NBL B@C4=>ABV =0 70=OBBOE DV7:C;LBC@>N, C @CE;828E V3@0E V7 @>25A=8:0<8 V B.4. FV=NTBLAO E>40 48B8=8 (40TBLAO 70240==O ?@8=5AB8 O:C-=51C4L @VG, I> ;568BL 2 V=H><C :V=FV :V<=0B8), C<V==O ;>28B8 <'OG, :840B8 9>3> 4>@>A;><C V B.4. >:07=8:0<8  =87L:>3> @V2=O @>728B:C :@C?=8E @CEV2 22060NBL: E8B;82C, =5@V2=C E>4C; =0O2=VABL 25;8:>W :V;L:>ABV 70928E @CEV2, I> AC?@>2>46CNBL >A=>2=V; ?>@CH5==O :>>@48=0FVW @CEV2. /:I> >4=5 7 =0720=8E ?>@CH5=L 28@065=> 4>AB0B=L> OA:@02>, @>728B>: :@C?=8E @CEV2 @0ECTBLAO  =54>AB0B=V< .  CAVE V=H8E 28?04:0E @>728B>: :@C?=8E @CEV2 >FV=NTBLAO O:  4>AB0B=V9 . 0 @57C;LB0B0<8 >?8BC20===O 70?>2=NTBLAO ?@>B>:>; B0:>W D>@<8. @>B>:>; V=482V4C0;L=>3> ?A8E>;>3>-?5403>3VG=>3> >1AB565==O. @V728I5, V<`O ____________________________________________ 0B0 =0@>465==O___________________________________________ '8 2V42V4C202 @0=VH5 48BOG89 A04_____________________________ @VT=BC20==O 2 >B>GCNG><C, 70?0A 7=0=L 1.___ 2.___ 3.___ 4.___ 5.___ 6.___ 7.___ 8.___ V4AC<:>289 @V25=L_________________________________________ 2. V4=>H5==O 4> H:>;8 9.___ 10.___ 11.____ 3. 8A;5==O V <>2;5==O 1.___ 2.___ 3.___ 4.___ V4AC<:>289 @V25=L_________________________________________ 4. 1@07=V CO2;5==O 1.___ 2.___ V4AC<:>289 @V25=L_________________________________________ =0;V7 7@07:0 V25=L_______________________(28A>:89, A5@54=V9, =87L:89)_____ 6. 4=><><5=B=5 A?@89=OBBO :V;L:>ABV V25=L_____________________________________________________ 7. @V1=V @CE8 V25=L_____________________________________________________ @C?=V @CE8 V25=L_____________________________________________________ @8<VB:8__________________________________________________ __________________________________________________________ 87=0G5==O ABC?5=O ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O. 5B>48:0 ... V;L1CE0 ?> 287=0G5==N ABC?5=O ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O B0:>6 ?>40T A>1>N :><?;5:A ?5@52V@>G=8E B5ABV2. &59 :><?;5:A A:;040TBLAO 7 B@L>E ?@>AB8E ( "5AB D>=5<0B8G=>3> A;CEC ,  "5AB A;>2=8:0 V  "5AB :>?VN20==O 1573;C748E A:;04V2 ) V >48= A:;04=>3> B5AB ( "5AB :>@>B:>G0A=>W ?0<'OBV 9 C<>282>4V2 ). 0=V B5AB8 4>AB0B=L> :><?0:B=V V ?>@V2=O=> ?@>ABV ?> CB@8<0==N, I> ?>2'O70=> 7 2V:>28<8 <>6;82>ABO<8 6-7-;VB=VE 4VB59 V, 7>:@5<0, =5>1EV4=VABN >1<568B8 G0A B5ABC20==O 15-20 E28;8=0<8. "5AB D>=5<0B8G=>3> A;CEC. :A?5@8<5=B0B>@ ?@>?>=CT 48B8=V:  0209 V7 B>1>N 704C<0T<> O:5-=51C4L A;>2>, =0?@8:;04,  2V:=> . / 1C4C 9>3> C25AL G0A ?>2B>@N20B8, 0 ?>BV< 70<V=N V=H8<, ?@8<V@><,  B01C@5B:0 . "8 ?>28==89 ?@8 FL><C ;OA=CB8 4>;>=L:>N ?> AB>;V, F8< O: 18 2:07CNG8 =0 <>N ?><8;:C. @>7C<V;>? A?8B 2:;NG0T G>B8@8 70240==O: ?5@H5 70240==O - B@5=C20;L=5, V=HV B@8 - 70;V:>2V. 01V@ A;V2 4;O @>AV9AL:>3> 20@V0=B0: A>=, A>=, A>=, B>=, A>=, A>=, A>=, A>=, A>=, A>=, A><; :>A0, :>A0, :>A0, :>A0, :>A0, :>70, :>A0, :>A0, :>A0; @0AA25B, @0AA25B, @0AA25B, @0AA25B, @0AF25B, @0AA25B, @0AA25B, @0AA25B; AKBK9, AKBK9, AKBK9, AKBK9, AKBK9, H8BK9, AKBK9, AKBK9, AKBK9. 8:>@8AB>2CTBLAO G>B8@810;L=0 H:0;0 >FV=>: (O: 4;O 4VB59 H5AB8 @>:V2, B0: V 4;O A5<8;VB>:). "01;8FO 3. 0@0<5B@8 >FV=N20==O @>728B:C D>=5<0B8G=>3> A;CEC. V;L:VABL >B@8<0=8E 10;V2 V25=L @>728B:C D>=5<0B8G=>3> A;CEC 0 =87L:89 1 A5@54=V9 2-3 28A>:89 "5AB :>?VN20==O 1573;C748E A:;04V2. ;O ?@>3=>7C20==O @V2=O A0<>@53C;N20==O ?@8 28:>=0==V 48B8=>N ?8AL<>28E 4V9 B@048FV9=> 28:>@8AB>2C202AO  B5AB :>?VN20==O D@078 5@=0-V@0A5:0. @>B5, O: ?>:070;0 ?@0:B8:0, @>7E>465==O 2 @57C;LB0B0E 28:>=0==O 707=0G5=>3> B5ABC 287=0G0NBLAO =5 BV;L:8 @V2=5< AD>@<>20=>ABV 40=>W A?@><>6=>ABV, 0;5 V B8<, G8 <>65 48B8=0 ?@>G8B0B8 70?@>?>=>20=C W9 D@07C. VB8, I> 2<VNBL G8B0B8, 70 V=H8E @V2=8E C<>2, A?@02;ONBLAO 7 F8< 70240==O< :@0I5, G8< 4VB8, I> G8B0B8 =5 2<VNBL. # 72'O7:C 7 F8< ?@>?>=CTBLAO :>?VN20B8 =5 D@078, 0 1573;C74V A:;048, =0?@8:;04: ">@ 65 <C@. 0?8A0==O A:;04V2 48B8=>N (<>65 1CB8 70?@>?>=>20=> 10 20@V0=BV2 270T<>70<V==8E 70240=L) >FV=NTBLAO 2 10;0E - 2V4 1 4> 5, 0 ?>BV< ?> A?5FV0;L=V9 B01;8FV >FV=NTBLAO @V25=L A0<>@53C;N20==O <091CB=L>3> H:>;O@0. @8B5@VW >FV=:8 FL>3> @V2=O, O: V 2 ?>?5@54=L><C 28?04:C, >4=0:>2V O: 4;O H5AB8@VG=8E, B0: V 4;O A5<8@VG=8E 4VB59. "01;8FO 4. 0@<5B@8 >FV=N20==O @V2=O @>728B:C A0<>@53C;N20==O. V;L:VABL >B@8<0=8E 10;V2 V25=L @>728B:C A0<>@53C;N20==O 1 =87L:89 2-3 A5@54=V9 4-5 28A>:89 "5AB A;>2=8:0. "5AB ?>1C4>20=89 70 ?@8=F8?>< 281V@:8: 15@5BLAO ?52=0 (AB0=40@B=0) AC:C?=VABL A;V2 (:V;L:VABL WE >1<56CTBLAO 10) V 287=0G0TBLAO, O:V 7 =8E 48B8=V 2V4><V. 0 ?V4AB02V >B@8<0=8E 2V4?>2V459 AC4OBL ?@> A;>2=8:>289 @>728B>: 48B8=8 27030;V. A=CT 8 AB0=40@B=8E =01>@V2 A;V2, I> <>6=0 G5@3C20B8. 01V@ A;V2 4;O @>AV9AL:>3> 20@V0=B0 (?@8:;04): 25;>A8?54, F2OE, ;8AB, ?0@0A>;L:0, ECB@>, 35@>9, ?>G0B8AO, 7'T4=C20B8, :CA0B8, 3>AB@89. FV=:>N 70 40=89 B5AB A;C68BL AC<0 10;V2, 28AB02;5=8E 70 :>6=5 7 10 A;V2 =01>@C (2V4 1 4> 2 10;V2). "0:8< G8=><, <0:A8<0;L=5 G8A;> 10;V2 - 20. # FL><C 28?04:C 4> 4VB59 A5<8 @>:V2 ?@54`O2;ONBLAO 1V;LH 28A>:V 28<>38, G8< 4> H5AB8@VG=8E 4VB59, V @V25=L @>728B:C 2 4VB59 40=>W 74V1=>ABV 287=0G0TBLAO 70 4>?><>3>N B0:>W B01;8FV: "01;8FO 5. 0@0<5B@8 >FV=N20==O @V2=O A;>2=8:>2>3> @>728B:C. V:>2V 3@C?8 V25=L A;>2=8:>2>3> @>728B:C (AC<0 10;V2) =87L:89 A5@54=V9 28A>:89H5AB8@VG=V 4VB8 6,5 7-12 12,5A5<8@VG=V 4VB8 11,5 12-15 15,5 "5AB :>@>B:>G0A=>W ?0<'OBV 9 C<>282>4V2. 0=89 B5AB =>A8BL :><1V=>20=89 E0@0:B5@. 48= V B>9 65 =02G0;L=89 <0B5@V0; 28:>@8AB>2CTBLAO 4;O >FV=N20==O 42>E, E>G0 V 270T<>70;56=8E, 0;5 O:VA=> @V7=8E 74V1=>AB59 - :>@>B:>G0A=>W ?0<'OBV V ;>3VG=>3> <8A;5==O. 8?@>1C20==O ?>;O30T 2 B><C, I> 5:A?5@8<5=B0B>@ @>7?>2V40T 48B8=V =525;8G:C @>7?>2V4L V ?@>A8BL ?>2B>@8B8 WW. @8:;04:  8;8-1C;8 B@8 E;>?G8:8 - >;O, 5B@> V 20=. >;O =86G5 5B@0, 5B@> =86G5 20=0. >2B>@8 . >BV< 48B8=V 7040NBLAO ?8B0==O:  %B> 7 E;>?G8:V2 =0928I89?  EB> =09=86G89? '8< <5=H5 ?>2B>@5=L, B8< 28I5 @V25=L ?0<'OBV 2 48B8=8. ;O >FV=N20==O FL>3> @V2=O 28:>@8AB>2CTBLAO B0:0 B01;8FO: "01;8FO 6. 0@0<5B@8 >FV=N20==O @V2=O @>728B:C A<8A;>2>W ?0<`OBV. V:>2V 3@C?8 V25=L @>728B:C :>@>B:>G0A=>W A<8A;>2>W ?0<`OBV (:V;L:VABL ?>2B>@5=L)=87L:89A5@54=V928A>:89H5AB8@VG=V 4VB8=5 <5=H, =V6 8 5-7 1-4A5<8@VG=V 4VB8=5 <5=H, =V6 7 4-6 1-3 @8 287=0G5==V @V2=O @>728B:C 2 48B8=8 74V1=>ABV 74V9A=N20B8 =09?@>ABVHV C<>282>48 2@0E>2CTBLAO 7030;L=0 :V;L:VABL ?>2B>@5=L, I> B@510 1C45 W9 4;O 28:>=0==O 40=>3> B5AB C FV;><C (?>G8=0NG8 7 70?0<'OB>2C20==O). @8 FL><C 28:>@8AB>2CTBLAO B0:0 B01;8FO: "01;8FO 7. 0@0<5B@8 >FV=N20==O @V2=O @>728B:C 74V1=>ABV @>18B8 =09?@>ABVHV C<>282>48. V:>2V 3@C?8 V25=L @>728B:C 74V1=>ABV @>18B8 =09?@>ABVHV C<>282>48=87L:89A5@54=V928A>:89H5AB8@VG=V 4VB8=5 <5=H, =V6 10 5-9 1-4A5<8@VG=V 4VB8=5 <5=H, =V6 8 4-7 1-3 V25=L 0:B82=>ABV 48B8=8 287=0G0TBLAO 70 ?V4AC<:0<8 A?>AB5@565==O 70 28:>=0==O< =5N CAVE G>B8@L>E >?8A0=8E 28I5 B5ABV2. @8 FL><C 28:>@8AB>2CNBLAO 287=0G5=V :@8B5@VW. 0 @57C;LB0B0<8 2AL>3> :><?;5:AC B5ABV2 70?>2=NTBLAO A?5FV0;L=0 :0@B:0, I> <0T B0:C D>@<C: 0@B:0 ?A8E>;>3VG=>3> >1AB565==O ?5@H>:;0A=8:0. @V728I5, V<'O ____________________________________________ 0B0 =0@>465==O __________________________________________ 0B0 >1AB565==O __________________________________________ @>B>:>; >1AB565==O. >?VN20==O 1573;C748E A:;04V2 (A0<>@53C;N20==O)___________ $>=5<0B8G=89 A;CE _____________________________________ !;>2=8: _______________________________________________ >@>B:>G0A=0 ?0<'OBL ____________________________________ #<>282>48 _____________________________________________ >7C<>20 0:B82=VABL ______________________________________ FV=:8 70 @57C;LB0B0<8 >1AB565==O.  A8E>;>3VG=V ?>:07=8:8 3>B>2=>ABV FV=>G=V @V2=V=87L:89A5@54=V928A>:891. >7C<>20 0:B82=VABL   2. !0<>@53C;N20==O3.$>=5<0B8G=89 A;CE4. !;>2=8:5.>@>B:>G0A=0 ?0<`OBL6. #<>282>488A=>2>: 5:A?5@8<5=B0B>@0 B0 0A8AB5=B0 "0:8< G8=><, 70 @57C;LB0B0<8 :>6=>3> 7 B@L>E =02545=8E :><?;5:AV2 >FV=N220==O @V2=O ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:>;8 <>6CBL 1CB8 7@>1;5=V 28A=>2:8 ?@> @V25=L H:V;L=>W 7@V;>ABV 48B8=8 B0 ?@8?CI5==O 2V4=>A=> WW =0ABC?=>W H:V;L=>W CA?VH=>ABV. ?8H5<> 40;V >A=>2=V ?@8=F8?8 B0 H;OE8 ?@>DV;0:B8G=>W :>@5:FV9=>-@>72820;L=>W @>1>B8, O:C <>65 74V9A=N20B8 H:V;L=89 ?A8E>;>3 7 4VBL<8 7 =54>AB0B=V< @V2=5< 3>B>2=>ABV 4> H:V;L=>3> =02G0==O. 1 1.4. 5:><5=40FVW I>4> ?@>2545==O :>@5:FV9=>-@>72820;L=>W @>1>B8 7 4VBL<8 7 =54>AB0B=V< @V2=5< 3>B>2=>ABV 4> H:V;L=>3> =02G0==O. # 28?04:C A;01:>W ?V43>B>2;5=>ABV 4> H:>;8 2 48B8=8 2V47=0G0TBLAO 2V4AB020==O ?@0:B8G=> C CAVE 2V47=0G5=8E 28I5 ?A8EVG=8E AD5@0E: 0D5:B82=>-?>B@51=>A=V9, 4>2V;L=V9, V=B5;5:BC0;L=V9 V <>2=V9. @8 FL><C >4=0 AD5@0 <>65 1CB8 @>728B0 ;5425 :@0I5, 0 V=H0 ;5425 3V@H5. ;5, O: ?@028;>, B0:V 4VB8 2V4@V7=ONBLAO 2V4ACB=VABN 01> 4C65 A;01:>N 28@07=VABN ?V7=020;L=>W ?>B@518, V F59 <><5=B T :;NG>28< ?@8 AB2>@5==V :>@5::FV9=>-@>72820NG8E ?@>3@0<. 5@0728=5=VABL ?V7=020;L=>W <>B820FVW =5 4>72>;OT 4VBO< 2:;NG8B8AO 2 =02G0;L=89 ?@>F5A, >A:V;L:8 =02G0;L=V 70240==O =5 28:;8:0NBL C =8E V=B5@5AC, =5@0728=5=VABL 0D5:B82=>-?>B@51=>A=>W AD5@8 70B@8<CT D>@<C20==O ?>B@51 C =02G0;L=V9 4VO;L=>ABV. >B8, ?>:8 48B8=0 =5 ?>G=5 ?@89<0B8 ?>AB02;5=V ?5@54 =5N 7040GV, =V ?@> O:89 @>728B>: =5 <>65 1CB8 V <>28. ;5 O:8< G8=>< <>65 ?@89=OB8 70240==O V @>73>@=CB8 FV;5A?@O<>20=C 4VO;L=VABL CG5=L V7 A;01:8< @>728B:>< 4>2V;L=>ABV, O:I> 2 <>B820FV9=V9 AD5@V I5 =5 2V4?@0FL>20=89 <5E0=V7< AC?V4@O4=>ABV <>B82V2? G5284=>, F5 <>6;82> 2 B><C 28?04:C, O:I> 70240==O 740TBLAO 4;O CG=O ?@8201;828< A0<5 ?> A>1V 01> G5@57 >?>A5@54:C20==O. !B2>@NNG8 :>@5FV9=>-@>72820NGC ?@>3@0<C 4;O 4VB59, =5 3>B>28E 4> H:V;L=>3> =02G0==O, 4>FV;L=> 28:>@8AB>2C20B8 70240==O C D>@<V V3@8-7<030==O: <>B82 283@0HC 2 3@V =0ABV;L:8 A8;L=89, I> 7024O:8 9><C ?>G8=0T D>@<C20B8AO VT@0@EVO <>B82V2, A2V4><> 284V;OB8AO 70240==O O: FV;L V @>725@B0B8AO 4>2V;L=5 ?>2>465==O. >;8 48B8=0 ?>G8=0T A?@02;OB8AO 7 70240==O< V 283@0T, 2>=0 2V4GC20T ?>42V9=5 704>2>;5==O: 2V4 283@0HC V 2V4 28:>=0==O 70240==O. # FV9 A8BC0FVW 48B8=0 ?>B@51C20T 2 ?>E20;V, I> 28ABC?0T O: ?V4B25@465==O 9>3> CA?VEV2 4>@>A;8<. >ABC?>2> <>B82 283@0HC 2V4AC20TBLAO =0 4@C389 ?;0=, 0 =0 ?5@H89 28E>48BL ?@03=5==O O:VA=> 28:>=0B8 70240==O, B>1B> 74V9A=NTBLAO 7AC2 <>B82C =0 FV;L, C=0A;V4>: G>3> =0@>46CTBLAO =>289 =02G0;L=89 <>B82. >72820NG8 2 B0:89 A?>AV1 <>B820FV9=C AD5@C, <8 >4=>G0A=> @>72820T<> 4>2V;L=V D>@<8 4VO;L=>ABV 9 V=B5;5:B. "@048FV9=> @>1>B0 7 4VBL<8 ?@>2>48BLAO 2 3@C?V @>728B:C C 2V4?>2V4=>ABV 7 B0:8<8 ?@8=F8?0<8: 1) @>728B>: >:@5<8E ?A8EVG=8E ?@>F5AV2 2V41C20TBLAO G5@57 ?5@51C4>2C V @>728B>: 0D5:B82=>-?>B@51=>A=>W AD5@8 48B8=8; 2) @>1>B0, I> @>72820T, 1C4CTBLAO =0 >A=>2V V=482V4C0;L=>3> ?V4E>4C, I> 2@0E>2CT 7>=C =091;86G>3> @>728B:C 48B8=8; 3) 70=OBBO ?@>E>4OBL 2 V3@>2V9 D>@<V V 28:;8:0NBL 2 CG0A=8:V2 3@C?8 620289 V=B5@5A; 4) 2V4=>H5==O 4> 48B8=8 ?>28==> 1CB8 AC1'T:B=8<, 0 =5 >1'T:B=8<: =5>1EV4=> 4><030B8AO B>3>, I>1 48B8=0 AB0;0 A>N7=8:>< 4>@>A;>3> V A0<0 ?>1060;0 4><>3B8AO B>3> 6, I> ?@>?>=CT W9 F59 4>@>A;89; 5) 2 >A=>2V 2V4=>A8= V7 4VBL<8 ;568BL 4>1@>78G;8289 V 4@C65;N1=89 ?V4EV4, I> 28:;NG0T <5=B>@AL:89 B>= V >AC465==O 70 =5CA?VE; 6) ?>78B82=0 5<>FV9=0 >FV=:0 7 1>:C ?A8E>;>30 1C4L-O:>3> 4>AO3=5==O CG=O; 7) @>728B>: C 4VB59 A?@><>6=>ABV 4> A0<>ABV9=>W 045:20B=>W >FV=:8 A2>TW @>1>B8. AB0==T ?>B@51CT 4>40B:>2>3> ?>OA=5==O. V4 >FV=:>N @>7C<VTBLAO =5 >FV=:0, 28@065=0 B8< 01> V=H8< 10;><, 0 A;>25A=89 @>73>@=CB89 0=0;V7 3V4=>AB59 V E81 O:>ABV 28:>=0=>W @>1>B8. !?>G0B:C 4>@>A;89 A0< ?>OA=NT 48B8=V, I> 2 =5W CB2>@8;>AO 4>1@5, 0 I> =5 240;>AO, ?@8G><C B0:>3> @>4C ?>OA=5==O ?>28==> 1CB8 2 <0:A8<0;L=> 4>1@>78G;82V9 D>@<V, =V 2 O:><C @07V =5 <>6=0 ;0OB8 CG=O 70 ?><8;:8. >BV< ?A8E>;>3 @07>< V7 48B8=>N >FV=NT @57C;LB0B8 WW @>1>B8. '5@57 O:89AL G0A CG=N ?@>?>=CTBLAO A0<>ABV9=> ?@>0=0;V7C20B8 O:VABL A2>TW @>1>B8. >6=0 ?@>?>=C20B8 CG=O< >FV=N20B8 @>1>BC >48= >4=>3>. "0:>3> @>4C =02G0==O A0<>0=0;V7C @57C;LB0BV2 2;0A=>W @>1>B8 A?@8OT @>728B:C A0<>:>=B@>;N ?V4 G0A 28:>=0==O 70240==O, 0 B0:>6 045:20B=><C A?@89=OBBN >FV=:8 2G8B5;O. @C?0 @>728B:C ?>28==0 1CB8 =525;8G:>N - 4-6 G>;>2V: (1060=> ?5@=5 G8A;> CG0A=8:V2 4;O >@30=V70FVW 2 E>4V V3>@ 42>E :><0=4). "@820;VABL 70=OBBO - 1 3>48=0 V7 ?5@5@2>N G5@57 5-10 E28;8=. '0AB>B0 V A8AB5<0B8G=VABL 70=OBL 70157?5GCNBL WE=N 5D5:B82=VABL. 0 E>4>< 4VO;L=>ABV 3@C?8 <>6CBL A?>AB5@V30B8 10BL:8 4VB59, I> 4>72>;8BL W< =040;V >@30=V7C20B8 @>1>BC 7V A2>TN 48B8=>N 2 4><0H=VE C<>20E.  C@0EC20==O< 28O2;5=>W AB@C:BC@8 =53>B>2=>ABV H5AB8@VG=8E 4VB59 4> H:V;L=>3> =02G0==O 2 70=OBBO B0:>W 3@C?8 4>FV;L=> 2:;NG8B8 A?5FV0;L=V 2?@028 7 @>728B:C 7>@>2>-<>B>@=>W :>>@48=0FVW B0 =0>G=>-AE5<0B8G=>3> <8A;5==O. 02545<> 45:V;L:0 ?@8:;04V2 B0:8E 2?@02. !) >?VN20==O DV3C@, <>45;N20==O 7 45B0;59. >BCNBLAO A?5FV0;L=V :0@B:8 7 H5AB8 :204@0BV2; 2 B@L>E 25@E=VE :204@0B0E <0;NNBLAO @V7=V 70 :>=AB@C:FVTW DV3C@8. !0<5 B0:V DV3C@8 48B8=0 ?>28==0 =0<0;N20B8 2 :204@0B0E, I> @>7B0H>20=V =86G5. @8 >FV=N20==V @>1>B8 ?>B@V1=> >1>2`O7:>2> 725@=CB8 C203C 48B8=8 =0 ?><8;:8 (=52V4?>2V4=VABL @>7<V@V2, =5?@028;L=5 A?V22V4=>H5==O @8A, 5;5<5=BV2, =52V@=5 @>7<VI5==O 2 :204@0BV, GVB:VABL ;V=V9 V B.4.) B0 ?>OA=8B8, O: ?>B@V1=> @>18B8 ?@028;L=>. @8 =5>1EV4=>ABV 70240==O <>6=0 28:>=C20B8 =5>4=>@07>2>, CA:;04=NNG8 9>3>. 0?@8:;04, 7@>18B8  ?@0289 01>  ;V289 ?>2>@>B DV3C@8; 70?0<`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`T4=0B8 >4=VTN ;V=VTN 2AV 7V@>G:8, 0 V=H>N  2AV :@0?:8. 0240==O <>65 1CB8 CA:;04=5=> 70 @0EC=>: 22545==O B0:>W C<>28: ;V=VW ?>28==V ?5@5E@5IC20B8AO. ;O B>3>, I>1 =02G8B8AO  25AB8 @C:C, <>6=0 70?@>?>=C20B8 48B8=V  @>7:@CB8B8 A?V@0;L C?@02> B0 C;V2>, =0<0;N20B8  E28;V , HB@8EC20B8 V B.?. 4) "@5=C20==O 740B=>ABV @>7@V7=N20B8 DV3C@8, 1C:28, 70?0<`OB>2C20B8 WE :>=DV3C@0FVN B0 A?V22V4=>H5==O WE 5;5<5=BV2. 8B8=V ?@>?>=CNBL 7=09B8 =0 <0;N=:C :@C38 (B@8:CB=8:8, :204@0B8) B0 >125AB8 WE >;V2FO<8 @V7=>3> :>;L>@C. >6=0 B0:>6 70?@>?>=C20B8 4VBO< 7V3@0B8 2 ;>B>, 0;5 2 ;>B> A?5FV0;L=5, 45 :>6=89 :204@0B  F5 G0AB8=0 1C:28, I> @>7@V70=0 ?> 3>@87>=B0;V B0 ?> 25@B8:0;V. 0 :>6=><C 1>FV :204@0B0 ?>28==0 1CB8 ?>;>28=0 1C:28, 0 2AL>3> 4>FV;L=> 28:>@8AB>2C20B8 2V4 4-E 4> 6-B8 1C:2. &5 70240==O <>6=0 7@>18B8 1V;LH A:;04=8<, O:I> =0 :204@0B0E 1C45 =040=> 7>1@065==O 5;5<5=BV2 1C:2. 02545<> B0:>6 45O:V @5:><5=40FVW 4;O 10BL:V2 B0 2G8B5;V2 ?>G0B:>28E :;0AV2 I>4> ?V428I5==O ?>78B82=>3> 2V4=>H5==O H5AB8@VG=>W 48B8=8 4> H:>;8. 5:><5=40FVW 4;O 10BL:V2. 1. C48B5 48B8=C A?>:V9=>; ?@>:8=C2H8AL, 2>=0 ?>28==0 ?>10G8B8 20HC ?>A<VH:C V ?>GCB8 ;0A:0289 3>;>A. 5 ?V430=O9B5 7 @0=:C, =5 A<8:09B5 ?> 4@V1=8FOE, =5 4>:>@O9B5 70 ?><8;:8 V E818, =02VBL O:I> CG>@0 ?>?5@5460;8. 2. 5 :20?8B5. #<V==O @>7@0EC20B8 G0A - 20H0 7040G0, V O:I> F5 ?>30=> 240ABLAO, F5 =5 ?@>28=0 48B8=8. 3. V 2 O:><C @07V =5 ?>?5@54609B5, :>;8 ?@>I0TB5AO 7 48B8=>N =0 ?>@>7V H:>;8:  828AO, =5 10;C9AO ,  >2>4LAO 4>1@5 ,  )>1 AL>3>4=V =5 1C;> ?>30=8E >FV=>: V B.?. >10609B5 48B8=V C40GV, 7=094VBL 45:V;L:0 ;0A:028E A;V2 - C =5W ?>?5@54C 206:89 45=L. 4. 01C4LB5 D@07C:  )> B8 AL>3>4=V >45@602? CAB@VG09B5 48B8=C ?VA;O H:>;8 A?>:V9=>, =5 >1@CHC9B5 =0 =5W B8AOGC ?8B0=L, 409B5 @>7A;018B8AO. /:I> 6 48B8=0 =04B> 71C465=0, O:I> 6040T G8<AL ?>4V;8B8AO, =5 2V4:;0409B5 =0 ?>BV<, 28A;CE09B5, F5 =5 709<5 1030B> G0AC. 5. /:I> 10G8B5, I> 48B8=0 70A<CG5=0, 0;5 <>2G8BL, =5 7040209B5 1030B> 70928E ?8B0=L, =5E09 70A?>:>WBLAO, B>4V V @>7?>2VABL CA5 A0<0. 6. 8A;CE02H8 70C2065==O 2G8B5;O, =5 ?>A?VH09B5 2;0HB>2C20B8 ?@>GCE0=; ?>AB0@09B5AO, I>1 20H0 @>7<>20 7 CG8B5;5< 2V41C20;0AO 157 48B8=8. > @5GV, 702648 =5 70925 28A;CE0B8 >1842V AB>@>=8 V =5 ?>A?VH0B8 7 28A=>2:0<8. 7. VA;O H:>;8 =5 ?>A?VH09B5 2V4@07C AV40B8 7 48B8=>N 70 C@>:8, W9 =5>1EV4=> 2-3 3>48=8 2V4?>G8=:C (4>1@5 1 ?>A?0B8) 4;O 2V4=>2;5==O A8;. @0I89 G0A 4;O 3>BC20==O C@>:V2 V7 15 4> 17 3>48=. 8. 5 7<CHC9B5 48B8=8 @>18B8 2AV C@>:8 2V4@07C, ?VA;O 15-20 E28;8= 70=OBL =5>1EV4=V 10-15-E28;8==V  ?5@5@28 , :@0I5, O:I> 2>=8 1C4CBL @CE;828<8. 9. V4 G0A 3>BC20==O C@>:V2 =5 A848BL  =04 4CH5N , 409B5 <>6;82VABL 48B8=V ?@0FN20B8 A0<V9, 0;5 O:I> 265 ?>B@V1=0 20H0 ?><VG, =015@VBLAO B5@?V==O. !?>:V9=89 B>=, ?V4B@8<:0 ( =5 E28;N9AO, CA5 CB2>@8BLAO ,  40209 @>715@5<>AO @07>< ,  O B>1V 4>?><>6C ) - =5>1EV4=V. 10. 0<'OB09B5, I> ?@>BO3>< =02G0;L=>3> @>:C T :@8B8G=V ?5@V>48, :>;8 CG8B8AO A:;04=VH5, H284H5 =0ABC?0T AB><;5==O, 7=86CTBLAO ?@0F5740B=VABL. ;O ?5@H>:;0A=8:V2 F5 ?5@HV 4-6 B86=V2, :V=5FL 4@C3>W G25@BV (?@81;87=> 7 15 3@C4=O), ?5@H89 B8645=L ?VA;O 78<>28E :0=V:C;, A5@548=0 B@5BL>W G25@BV. # FV ?5@V>48 20@B> 1CB8 >A>1;82> C206=8< 4> AB0=0 48B8=8. 5:><5=40FVW 4;O 2G8B5;V2 ?>G0B:>28E :;0AV2. 1. @8 =5AD>@<>20=>ABV ?>78B82=>3> 2V4=>H5==O 4> H:>;8 =5>1EV4=> ?@84V;OB8 48B8=V =0 C@>:0E O:=091V;LH5 C2038. !?V;:C20==O 7 =5N ?>28==> 1C4C20B8AO =5 2 H:V;L=8E, 0 2 4>H:V;L=8E D>@<0E. >=> ?>28==> 1CB8 157?>A5@54=V<, 5<>FV9=> =0A8G5=8<. V4 B0:>W 48B8=8 =5 <>6=0 AB@>3> ?>B@51C20B8 4>B@8<0==O ?@028; H:V;L=>3> 68BBO, =5 <>6=0 ;0OB8 V :0@0B8 WW 70 WE=T ?>@CH5==O: F5 <>65 ?@8725AB8 4> ?>O28 ABV9:>3> =530B82=>3> 2V4=>H5==O 4> H:>;8, =02G0==N, CG8B5;N. 5>1EV4=> 4>G5:0B8AO, ?>:8 48B8=0 A0<0, A?>AB5@V30NG8 70 V=H8<8 4VBL<8, ?@8945 4> ?@028;L=>3> CA2V4><;5==O A2>3> =>2>3> ?>;>65==O (@>;V H:>;O@0) V 28<>3, I> 28?;820NBL V7 =L>3>, 4> ?>2>465==O. 2. #G=N =5>1EV4=> 40B8 <>6;82VABL ?@>O28B8 A515 7 =09:@0I>W AB>@>=8: <>65 1CB8, 2V= 30@=89 B>20@8H, A?V20T, <0;NT, B0=FNT, 7=0T V ;N18BL B20@8=, 7=0T 2AV <0@:8 <0H8= V B.?. 0<'OB09B5, I> =02G0;L=V CA?VE8 - F5 I5 =5 CA5. >2030 V=H8E 0465 ?>G8=0TBLAO 7 ?>2038 A515, V F5 4C65 206;82>. 3. >2V@C V ?>203C 48B8=8 <>6=0 702>N20B8, BV;L:8 ?@>O2;ONG8 B5@?V==O, 4>1@>78G;82VABL, @>7B0HC202H8 4> A515 <0;N:0. >6=0 A?@>1>20B8 ?>3>2>@8B8 7 =8< A5@9>7=>,  ?>-4>@>A;><C , 0;5 =5 ?@8 2AVE, 0 =0>48=FV. , 72VA=> 6, ?>B@V1=> >1>2'O7:>2> ?><VG0B8 V 2V47=0G0B8 ?@8 CAVE >4=>:;0A=8:0E =02VBL =09<5=HV CA?VE8 CG=O. 4. 0@B> 4C65 C206=> AB028B8AO 4> A:0@3 48B8=8 =0 3>;>2=89 1V;L, CB><C, ?>30=89 AB0=: G0ABVH5 CAL>3> F5 >1'T:B82=V ?>:07=8:8 B@C4=>IV2 (I>, <>6;82>, ?>2'O70=V 7 =0AB0==O< >4=>3> 7 :@8B8G=8E ?5@V>4V2, ?@> =0O2=VABL B0 B5@<V=8 O:8E <8 3>2>@8;8 28I5). 5. 0O2=VABL =530B82=>3> 2V4=>H5==O 4> H:>;8 G0AB> A?>;CG0TBLAO 7 =0O2=VABN =87L:>3> @V2=O @>728B:C <8A;5==O V <>2;5==O. # FL><C 28?04:C 48B8=V V7 A0<>3> ?>G0B:C =02G0==O 2 H:>;V ?>28==V 1CB8 70157?5G5=V 4>40B:>2V V=482V4C0;L=V 70=OBBO, A?@O<>20=V =0 1V;LH ?>2=5 70A2>T==O =5N =02G0;L=>W ?@>3@0<8 (=040;V ;V:2V4C20B8 ?@>30;8=8, I> CB2>@8;8AO, 1C45 ACBC6=VH5). >@8A=> 71V;LH8B8 >1AO3 ?@>?5452B8G=8E 7=0=L, I> 40NBLAO 48B8=V (>A>1;82> ?> <0B5<0B8FV). @8 FL><C =5 ?>B@V1=> ?>A?VH0B8 7 28@>1;5==O< =028G>:: ?@0FN20B8 B@510 =04 @>7C<V==O< <0B5@V0;C, 0 =5 =04 H284:VABN, B>G=VABN V 157?><8;:>2VABN 2V4?>2V459 =0 70?8B0==O 01> 28:>=0==O O:8E-=51C4L 4V9. "0:8< G8=><, 282G5==O @V2=N 3>B>2=>ABV :>6=>W >:@5<>W 48B8=8 4> H:V;L=>3> =02G0==O 4>72>;8BL 2G0A=> >:070B8 W9 =5>1EV4=C ?A8E>;>3VG=C 4>?><>3C B0 CAC=CB8 1030BL>E <091CB=VE ?@>1;5< (7>:@5<0  ?@>15<C H:V;L=>W CA?VH=>ABV). 2. 8A=>2:8. 0 ?V4AB02V 282G5==O =0C:>2>-B5>@5B8G=>W ;VB5@0BC@8 7 ?@>1;5<8 ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:V;L=>3> =02G0==O B0 0=0;V7C @57C;LB0BV2 ?@>2545=>3> ?A8E>;>3VG=>3> 4>A;V465==O <>6=0 7@>18B8 B0:V 28A=>2:8. V4 ?A8E>;>3VG=>N 3>B>2=VABN 4> H:V;L=>3> =02G0==O @>7C<VTBLAO =5>1EV4=89 V 4>AB0B=V9 @V25=L ?A8EVG=>3> @>728B:C 48B8=8 4;O >A2>T==O H:V;L=>W ?@>3@0<8 2 C<>20E =02G0==O 2 :>;5:B82V @>25A=8:V2.  <5B>N 4>A;V465==O @V2=N 3>B>2=>ABV H5AB8@VG=8E 4VB59 4> H:V;L=>3> =02G0==O =09G0ABVH5 28:>@8AB>2CNBLAO :><?;5:A8 <5B>48:  >B>2=VABL 4VB59 4> H:>;8. V03=>AB8:0 ?A8EVG=>3> @>728B:C B0 :>@5:FVO 9>3> =5A?@8OB;828E 20@V0=BV2 (70 @540:FVTN .. 5=35@0, .. C3@8<5=:>,   (:>;0 ) B0  A8E>;>3>-?5403>3VG=V >A=>28 48D5@5=FV0FVW =02G0==O 2 ?>G0B:>2><C ;0=FV 7030;L=>>A2VB=L>W H:>;8 (70 @540:FVTN ... V;L1CE0, 8W2AL:89 =0C:>2>-4>A;V4=89 V=AB8BCB ?A8E>;>3VW), 01> >:@5<V <5B>48:8 7 F8E :><?;5:AV2. 5@H89 :><?;5:A <5B>48: ?5@54CAV< >@VT=B>20=> =0 4V03=>AB8:C =525@10;L=>3> V=B5;5:BC, 0 :><?;5:A ... V;L1CE0  =0 4V03=>AB8:C 25@10;L=>3> V=B5;5:BC 4>H:V;L=8:V2. A8E>;>3VG=0 3>B>2=VABL 4> H:V;L=>3> =02G0==O 28<V@NTBLAO, ?5@H 70 2A5, 7 <5B>N 287=0G5==O 4VB59, O:V =5 3>B>2V 4> H:V;L=>3> =02G0==O V ?>B@51CNBL V=482V4C0;L=>3> ?V4E>4C B0 4>40B:>2>W :>@5:FV9=>-@>72820;L=>W @>1>B8 7 ?@>DV;0:B8:8 H:V;L=>W =5CA?VH=>ABV B0 457040?B0FVW. >1>B0 :>@5:FV9=>-@>72820NG8E 3@C? A?@O<>20=0 =0 ?@>DV;0:B8:C H:V;L=>W =5CA?VH=>ABV V 457040?B0FVW. A=>2=8< <><5=B>< C B0:8E 3@C?0E T <>B820FV9=89 @>728B>: 48B8=8, O:->B @>728B>: ?V7=020;L=>3> V=B5@5AC V =02G0;L=>W <>B820FVW. !?>G0B:C 4>@>A;89 1C48BL C 4VBOE 1060==O =02G8B8AO G><CAL =>2><C, 0 265 ?>BV<, :>;8 48B8=0 AB0T 0:B82=8< AC1'T:B>< 4VO;L=>ABV, ?A8E>;>3 ?>G8=0T @>1>BC 7 @>728B:C 28I8E ?A8EVG=8E DC=:FV9. !;V4 B0:>6 >1>2`O7:>2> 2@0E>2C20B8 @>;L 10BL:V2, 28E>20B5;V2 B0 2G8B5;V2 O: C D>@<C20==V ?A8E>;>3VG=>W 3>B>2=>ABV 48B8=8 4> H:>;8, B0: V 2 >@30=V70FVW ?;V4=>3> B0 FV:02>3> =02G0==O, I> 4>?><>65 70?>1V3B8 1030BL>E ?@>1;5< (2 B><C G8A;V  ?A8E>;>3VG=8E) B0 A?@8OB8<5 H284:V9 040?B0FVW B0 CA?VE0< ?@>BO3>< 2AL>3> =02G0==O. VB5@0BC@0. :8<>20 .., >7;>20 .". =48284C0;L=>ABL CG0I53>AO 8 8=48284C0;L=K9 ?>4E>4.  ., 1992.  80 A. 0@48= .. 0H @515=>: =5 E>G5B CG8BLAO.  ., 1980.  203 A. 57@C:8E .., D8<>20 !.. =05B5 ;8 2K A2>53> CG5=8:0?  ., 1992. 5@578=0 .., 0=8;>20 .., 8EB5@<0= ".. 8 4@. 0B5<0B8G5A:0O ?>43>B>2:0 45B59 2 4>H:>;L=KE CG@5645=8OE.  ., 1987.  175 A. >3>O2;5=A:0O .. 5B>4 8AA;54>20=8O C@>2=59 8=B5;;5:BC0;L=>9 0:B82=>AB8. // >?@>AK ?A8E>;>388.  1971. - ! 1, A. 146. >3CH .. V43>B>2:0 @C:8 48B8=8.  ., 1976.  80 A. >40;52 .. >?C;O@=0O ?A8E>;>38O 4;O @>48B5;59.  ., 1989.  256 A. >6>28G .. 8G=>ABL 8 55 D>@<8@>20=85 2 45BA:>< 2>7@0AB5.  ., 1968.  465 A. C3@8<5=:> .., 5=35@ .., >;820=>20 .., !CH:>20 ... >B>2=>ABL 45B59 : H:>;5. 803=>AB8:0 ?A8E8G5A:>3> @0728B8O 8 :>@@5:F8O 53> =51;03>?@8OB=KE 20@80=B>2.  .:  (:>;0, 1989.  90 A. C@<5=A:0O .., 0@010=>20 .., 845@A .. >7@0AB=>-?A8E>;>38G5A:>5 :>=AC;LB8@>20=85. @>1;5<K ?A8E8G5A:>3> @0728B8O 45B59.  .: 74-2> #, 1990. - 136 A. 5=35@ .., -;L:>=8= .. A>15==>AB8 ?A8E8G5A:>3> @0728B8O 45B59 6-7 ;5B=53> 2>7@0AB0.  ., 1988. - 140 A. 5=35@ .., 5=35@ .. ><0H=OO H:>;0 <KH;5=8O.  ., 1985. - 82 A. 5=35@ .. A8E>;>38G5A:>5 @0728B85 2 83@5 8 ?>43>B>2:0 45B59 : H:>;5. // >H:>;L=>5 2>A?8B0=85.  1993. - ! 12. 5=35@ .. 0728B85 ?>7=020B5;L=KE A?>A>1=>AB59 2 ?@>F5AA5 4>H:>;L=>3> 2>A?8B0=8O.  ., 1986. - 224 A. 5=35@ .., %>;<>2A:0O .$. 8 4@. 803=>AB8:0 C<AB25==>3> @0728B8O 4>H:>;L=8:>2.  ., 1978. - 248 A. 5=35@ .., 5=35@ .., 0@F8=:>2A:0O ".. >B>2 ;8 20H @515=>: : H:>;5.  ., 1994. - 192 A. 8=>3@04>20 .., C@>20 .. >B>2 ;8 20H @515=>: : H:>;5.  ., 1992.  16 A. 8;L1CE ... #G51=0O 45OB5;L=>ABL <;04H53> H:>;L=8:0: 4803=>AB8:0 8 :>@@5:F8O =51;03>?>;CG89.  ., 1993.  93 A. 8;L1CE ... "5<?5@0<5=B B0 ?V7=020;L=V 74V1=>ABV H:>;O@0.  ., 1992. - 216 A. 8;L1CE ... #G8B5;L 8 ?A8E>;>38G5A:0O A;C610 H:>;K.  .: =AB8BCB ?A8E>;>388  #:@08=K, 1993. - 142 A. C@528G .., >@10G520 .. #<AB25==>5 @0728B85 H:>;L=8:>2: :@8B5@88 8 =>@<0B82K.  . - 80 A. C@528G .. A8E>;>38G5A:0O 4803=>AB8:0. @>1;5<K 8 8AA;54>20=8O.  ., 1981. - 232 A. CB:8=0 .. A8E>;>38G5A:0O 3>B>2=>ABL : H:>;5.  ., 1993. 803=>AB8:0 CG51=>9 45OB5;L=>AB8 8 8=B5;5:BC0;L=>3> @0728B8O 45B59/ >4 @54. .. -;L:>=8=0. .. 5=35@0.  ., 1981. 803=>AB8:0 C<AB25==>3> @0728B8O 4>H:>;L=8:0/ >4 @54. .. 5=35@0 8 .. %>;<>2A:>9.  ., 1978. C1@>28=0 .. 803=>AB8G5A:0O 8 :>@@5:F8>==0O @01>B0 H:>;L=>3> ?A8E>;>30.  ., 1987. - 156 A. C1@>28=0 .. 8 4@. 01>G0O :=830 ?A8E>;>30.  ., 1991. - 303 A. LOG5=:> .., 35520 .. '53> =0 A25B5 =5 1K205B?  ., 1991. - 64 A. 8B=8:>20 .. #G8B5 45B59 70?><8=0BL.  ., 1985. - 96 A. 01@0<=0O !.. 03;O4=K5 <0B5@80;K 4;O ?A8E>;>3>-?5403>38G5A:>3> >1A;54>20=8O 45B59 2 <548:>-?5403>38G5A:8E :><8AA8OE.  ., 1981. - 45 A. 0: . 51NB <KA;8B5;O. 0: ?@>25@8BL 8 @0728BL 8=B5;;5:B @515=:0 6  10 ;5B.  .:  !  $, 1992. - 107 A. 0: . >7=020BL, 83@0O. 0728B85 ?>7=020B5;L=KE A?>A>1=>AB59 45B59 5  12 ;5B.  ., 1992. - 110 A. 0?>@>65F .., 0@:>20 ".. A=>2K 4>H:>;L=>9 ?5403>38:8.  ., 1980. - 272 A. 0?>@>65F .. 5403>38G5A:85 8 ?A8E>;>38G5A:85 ?@>1;5<K 2A5AB>@>==53> @0728B8O 8 ?>43>B>2:8 : H:>;5 AB0@H8E 4>H:>;L=8:>2. // >H:>;L=>5 2>A?8B0=85. - 1982. - ! 4. 8=G5=:> !.. >G5<C 45BO< 1K205B B@C4=> CG8BLAO.  ., 1990. - 56 A. 8@8;>20 .., ">=520 ..  ?>43>B>2:5 45B59 : H:>;5 2 A25B5 @5D>@<K H:>;K.  ., 1985. - 96 A. >20;52 .. A8E>;>38O ;8G=>AB8.  .: @>A25I5=85, 1975. - 252 A. >;><8=A:89 /.., 0=L:> .. #G8B5;N > ?A8E>;>388 45B59 H5AB8;5B=53> 2>7@0AB0.  ., 1988. - 107 A. >=4@0B5=:> ".., >BK@;> .., 04K28@ !.. 1CG5=85 AB0@H8E 4>H:>;L=8:>2.  ., 1986. - 152 A. >B8@;> .. >B>2=VABL 4> =02G0==O. >728B>: ?V7=020;L=>W 0:B82=>ABV H5AB8@VG=8E 4VB59. // >H:V;L=5 28E>20==O.  1983.- ! 6. @02F>20 .. A8E>;>38G5A:85 ?@>1;5<K 3>B>2=>AB8 45B59 6  7 ;5B : >1CG5=8N 2 H:>;5.  ., 1991. - 188 A. @02F>20 .., @02F>20 .. (5AB8;5B=89 @515=>:. A8E>;>38G5A:0O 3>B>2=>ABL : H:>;5. - ., 1987. @O6520 .. >B>2 ;8 @515=>: : H:>;5. - /@>A;02;L, 1999. >38=>20 .., !0<>@C:>20 .. >H:>;L=0O ?5403>38:0.  ., 1983. - 302 A. 0:A0:>2 .., "C<0:>20 .. #G8B5, 83@0O.  ., 1979. - 127 A. 0@:>20 .., 038: .., 20=>20 .. 5BA:89 A04 8 A5<LO.  ., 1981. - 176 A. 0@:>20 .. B 83@K : 7=0=8O<.  ., 1982.  192 A. 8@ 45BAB20: >H:>;L=8:.  ., 1979. 8@ 45BAB20: ;04H89 H:>;L=8:.  ., 1981. >=B5AA>@8-<0B5@80;.  '0ABL 1. (:>;0 4;O <0;KH59.  >AA89A:89 >=B5AA>@8-F5=B@.  ., 1990.  80 A. CE8=0 .!. (5AB8;5B=89 @515=>: 2 H:>;5.  ., 1986.  144 A. 87>20 .. =8 ?@8H;8 2 H:>;C.  ., 1967.  160 A. 8:>;5=:> .. $>@<C20==O 2 4VB59 4>H:V;L=>3> 2V:C ?A8E>;>3VG=>W 3>B>2=>ABV 4> =02G0==O 2 H:>;V.  ., 1972.  233 A. >28:>20 .. A8E>;>38G5A:0O :>@@5:F8O H:>;L=>9 457040?B0F88// A8E>;>38G5A:85 ?@>1;5<K 8=48284C0;L=>AB8.  .; ., 1985.  K?. (. 1CE>20 .$. -B0?K @0728B8O 45BA:>3> <KH;5=8O.  ., 1982.  152 A. AB@>2A:0O .$. 5403>38G5A:85 A8BC0F88 2 A5<59=>< 2>A?8B0=88 4>H:>;L=8:>2.  ., 1990.  160 A. 0=0AN: ... 40?B8@>20==K9 20@80=B <5B>48:8 . 5:A;5@0.  .:, 1983.  115 A. 5B@>G5=:> .. 0728B85 45B59 6  7 ;5B 8 ?>43>B>2:0 8E : H:>;5 / >4 @54. .. 5CH8=>9.  8=A:, 1982.  160 A. >44JO:>2 .. KH;5=85 4>H:>;L=8:0.  ., 1987.  272 A. A8E>;>3>-?5403>38G5A:85 ?@>1;5<K >1CG5=8O 8 2>A?8B0=8O 45B59 H5AB8;5B=53> 2>7@0AB0: @C3;K9 AB>; / >?@>AK ?A8E>;>388.  1984. - ! 5. 5?8=0 ".. >B>2=>ABL @515=:0 : H:>;5. B 0 4> 7.  ., 1986.  257 A. KG8: .. B =03;O4=KE >1@07>2 : =0CG=K< ?>=OB8O<.  ., - 1987.  79 A. !0<>C:8=0 .. 3@K 2 H:>;5 8 4><0: ?A8E>;>38G5A:85 C?@06=5=8O 8 :>@@5:F8>==K5 ?@>3@0<<K.  ., 1995.  144 A. !>E8=0 $.., "0@0=BC520 ".. >43>B>2:0 45B59 : H:>;5 2 45BA:>< A04C.  ., 1988.  160 A. !C11>B8=A:89 .. 515=>: >B:@K205B <8@.  ., 1991.  207 A. "5?;5=L:0O .. $>@<8@>20=85 ?>=OB89 > ?@8=04;56=>AB8 : :;0AAC 8 A>>B=>H5=8OE :;0AA>2 C 45B59 6  7 ;5B. // >?@>AK ?A8E>;>388.  1976.  ! 5. #;L5=:>20 #.. AA;54>20=85 ?A8E>;>38G5A:>9 3>B>2=>AB8 H5AB8;5B=8E 45B59 : H:>;5. // >?@>AK ?A8E>;>388.  1983. - ! 4. #;L5=:>20 #.. A>15==>AB8 D>@<8@>20=8O >1I59 A?>A>1=>AB8 : CG5=8N. // >H:>;L=>5 2>A?8B0=85.  1989. - ! 2. #@C=B0520 .., D>=L:8=0 ... @0:B8:C< ?> 45BA:>9 ?A8E>;>388.  ., 1995.  291 A. &C:5@<0= .., >;820=>20 .. 2545=85 2 H:>;L=CN 687=L.  "><A:, 1992.  133 A.      HYPERLINK "http://globalteka.ru/" globalteka.ru - @0<>B=>5 8 :0G5AB25==>5 2K?>;=5=85 2A5E 284>2 =0CG=KE @01>B. !:84:8, >@838=0;L=>ABL, :>=B@>;L ?;0380B0, ?@O<>5 >1I5=85 A 02B>@><.   $Sdh]^Sa$ Sdh]`SlPJb@2N.0F    & F)dh] Sdh]`S |<d,    L!6"#|$%(%B%V%f%x% dh$If]$Sdh]`Sa$ Sdh]`Sx%%%%%%%L;;;Sdh$If]`Skd$$IflrnW# AAA04 la dh$If]%%%%%%%%%Hkd$$IflrnW# AAA04 laSdh$If]`S%%%%&&&YHHHHHSdh$If]`Skd $$IflrnW# AAA04 la&&"&(&4&:&F&YHHHHHSdh$If]`Skd$$IflrnW# AAA04 laF&H&L&R&^&h&t&YHHHHHSdh$If]`Skd@$$IflrnW# AAA04 lat&v&x&0(()YLLL<$Sdh]`Sa$ Sdh]`Skd$$IflrnW# AAA04 la))))L*N*P*`*~****+oqkd`$$Ifl40#`h04 laf4Sdh$If]`S dh$If] +,+.+8+\+++Zkd$$Ifl4\# h   04 laf4 dh$If]+++++,l____ dh$If]kd$$Ifl\#h   04 la,,*,L,\,,l____ dh$If]kd<$$Ifl\#h   04 la,,,,,,l____ dh$If]kd$$Ifl\#h   04 la,,-$-6-X-l____ dh$If]kdx$$Ifl\#h   04 laX-Z-f----l____ dh$If]kd$$Ifl\#h   04 la----.(.l____ dh$If]kd$$Ifl\#h   04 la(.*.,.1f4|556699l________ Sdh]`SkdR$$Ifl\#h   04 la 9 :4:d::B;;;(<Z<<J=H>J@RBBBC^CDDEHIJ8MtM Sdh]`S dh]`  & F+dh]tMMM O6PVPTTNV8WYZ [ _bxkNlljrrrjs`w {R{}l~  & F,dh] Sdh]`Sl~~$^€@2$r҃J ą<Z؆"8PȈ Sdh]`S  & F-dh]ҁԁ܁̆JbЗXpdҦԦަȰʰְFH`λ 24ltv.0lB  6$&**j,,,hoMhCJ h5CJhCJmH sH h6CJmHnHuh5CJmHnHuh>*CJmHnHuhCJmHnHu hCJhoMhCJmHsH>Jb^HTܕZSdh$If]`S  & F.dh] Sdh]`SZ\ԖSdh$If]`Slkd$$Ifl0#`04 laԖ֖PSdh$If]`Slkdr $$Ifl0#`04 laPR̗Sdh$If]`Slkd $$Ifl0#`04 la̗ΗЗXp4vttSdh$If]`S Sdh]`Slkdv $$Ifl0#`04 la vxSdh$If]`Slkd $$Ifl0###04 la:tSdh$If]`Slkdl $$Ifl0###04 latvSdh$If]`Slkd $$Ifl0###04 laVd ^tttSdh$If]`S Sdh]`SlkdT $$Ifl0###04 la ^`b~~~~~Sdh$If]`Sokd $$Ifl40#` 304 laf4ک.i\KKKSdh$If]`S dh$If]kdU $$Ifl4\#     04 laf4.0Nhl_NNNSdh$If]`S dh$If]kd $$Ifl\#    04 laįf԰ְl_____O_$Sdh]`Sa$ Sdh]`SkdH$$Ifl\#    04 laְP|~~okd$$Ifl40#` 304 laf4Sdh$If]`S Ա,i\\KKSdh$If]`S dh$If]kdI$$Ifl4\#     04 laf4,.Ljl__NNSdh$If]`S dh$If]kd$$Ifl\#    04 laHl___O_>Sdh$If]`S$Sdh]`Sa$ Sdh]`Skd<$$Ifl\#    04 lajln~~okd$$Ifl40$` 04 laf4Sdh$If]`S¶i\\KKSdh$If]`S dh$If]kd=$$Ifl4\$     04 laf4<Zvl__NNSdh$If]`S dh$If]kd$$Ifl\$    04 lat`λDl_________ Sdh]`SkdL$$Ifl\$    04 la $~6Lqokd$$Ifl40a#`w04 laf4Sdh$If]`S Sdh]`S ҿ 6N\KKKKSdh$If]`Skd[$$Ifl4\a# .04 laf4 dh$If]NPvxz|l[[[[Sdh$If]`Skd$$Ifl\a#.04 la|~jYYYYSdh$If]`Skd$$Ifl\a#.04 lajYYYYSdh$If]`SkdD$$Ifl\a#.04 lal[[[[Sdh$If]`Skd$$Ifl\a#.04 la "l[[[[Sdh$If]`Skd$$Ifl\a#.04 la"$rl[Sdh$If]`Skd"$$Ifl\a#.04 lartvh Sdh]`S^kd$$Ifl4#D$04 laf4  tJ0$Sdh]`Sa$ Sdh]`Sn(lvLlnprV"",Vx Sdh]`SB D F  ~ ~ ZL^8:\H#$)j,l,n,p,,$Sdh]`Sa$ Sdh]`S,,P--X.\/N00J11v345$6778j9::;j<*==T>B?@  & F0dh] Sdh]`S,X.Z/\/x/d00 ;;V>@xJtKNLMONPRRRSh'ZB* CJ UaJ mH phpsH h'ZB* CJ aJ mH phpsH h~wh'ZB* CJ aJ php(jh'ZB* CJ UaJ mH phpsH hnjhnU hCJhCJmHsH/@@RAAXBnCVD"EE GG\HHIxJvKLLMMNNDOOONPQQRR  & F0dh]RS~T@UUV:WJXXnYLZ[~[\]f^__________BaDagd'Z  & F0dh]4`@aBaFaHahCJmHsHhnh'Zhjh'ZB*CJ aJ phDaFaHa  & F0dh](. A!"n#n$n% $$If!vh#v#v #vA:V l055 5A4$$If!vh#v#v #vA:V l055 5A4$$If!vh#v#v #vA:V l055 5A4$$If!vh#v#v #vA:V l055 5A4$$If!vh#v#v #vA:V l055 5A4$$If!vh#v#v #vA:V l055 5A4$$If!vh#vh#v:V l40+5h54f4$$If!vh#vh#v #v #v :V l40+5h5 5 5 4f4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#vh#v #v #v :V l05h5 5 5 4$$If!vh#v`#v:V l05`54$$If!vh#v`#v:V l05`54$$If!vh#v`#v:V l05`54$$If!vh#v`#v:V l05`54r$$If!vh#v#:V l05#4r$$If!vh#v#:V l05#4r$$If!vh#v#:V l05#4r$$If!vh#v#:V l05#4$$If!vh#v #v3:V l40+5 534f4}$$If!vh#v :V l40+5 4f4r$$If!vh#v :V l05 4r$$If!vh#v :V l05 4$$If!vh#v #v3:V l40+5 534f4}$$If!vh#v :V l40+5 4f4r$$If!vh#v :V l05 4r$$If!vh#v :V l05 4$$If!vh#v #v:V l40+5 54f4$$If!vh#v #v :V l40+5 5 4f4$$If!vh#v #v :V l05 5 4$$If!vh#v #v :V l05 5 4$$If!vh#v#vw:V l40+55w4f4$$If!vh#v#v#v#v.:V l40+5555.4f4$$If!vh#v#v#v#v.:V l05555.4$$If!vh#v#v#v#v.:V l05555.4$$If!vh#v#v#v#v.:V l05555.4$$If!vh#v#v#v#v.:V l05555.4$$If!vh#v#v#v#v.:V l05555.4$$If!vh#v#v#v#v.:V l05555.4|$$If!vh#vD$:V l405D$4f4DyK yK Dhttp://globalteka.ru/yX;H,]ą'c^ 002 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmHnHsHtHB`B 1KG=K9CJRHP_HmH"sH"tHBA`B A=>2=>9 H@8DB 0170F0\i@\ 1KG=0O B01;8F0 :V 44 la .k . 5B A?8A:0 ^B@^ A=>2=>9 B5:AB$ U"@]a$RHdmH"sH"urC@r A=>2=>9 B5:AB A >BABC?><$dh`a$RHdmH"sH"uL@L 'Z05@E=89 :>;>=B8BC;  E$Vo!V 'Z05@E=89 :>;>=B8BC; =0:CJRHPmH"sH"J @2J 'Z86=89 :>;>=B8BC;  E$ToAT 'Z86=89 :>;>=B8BC; =0:CJRHPmH"sH"J@RJ 'Z "5:AB 2K=>A:8CJOJQJ^JaJ\oa\ 'Z"5:AB 2K=>A:8 =0: CJOJQJRHP^JaJmH"sH":U`q: 'Z0 8?5@AAK;:0 >*B*phPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭VCWNIA!ޝ}7/݉%BR7Hw9!p<Ǥፉ.EB\ /T*Y>,cy'$gC."Vso+C1OǓt}8>V3mBb%DWs'O''Gw ~lh;UM!DzŬ;C K^ysJJ1KRμ)~.ک/ Y\n9?[]67)qnpJOF$ w;fCLL&׸m%]V%z-{ v8Ҩm-.xo(-ms~ۜ|s>Ͼ%O04h=یщ!eƌ\f :C*OiIA 64HpUa7 UO3 d:(fA@٣>N"Hhp&hA38 )SUUR'V5&HM.6xpyn,ބ!h^^Z4~0#w,,& g"Ic힍Q)˕C6%^+Hk!$A*#.D)irdq8Y^}q~C>Np%uJx?+al|zf[Ux5b>c!:M (MkIVEpYPҍN2$ÿ -.h۴"P6T{T 6]u̒VhVnR+n;)ȔbL X6Y`+qB]( 0H1$6_[s)k8Tm Aa?R d ڒɾ0{eRF& Ī't\{BHuM6`pGϽO+!XoN'^[crh2*tW<{1U+l_QSncX<)Q(wJH ٯ#zCm>nhf6t}M&ʺ6ײ'\gkNS:;\qN-S;kǺ"{DailL`̗/޿ ^o#I&%0]SPV!] PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!^}-theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK]   Jjdҁ,4`Ha &"`36.P ~C} x%%%&F&t&)++,,,X--(.9tMl~ZԖP̗vt^.ְ,N|"r,@RDaHa 1?X8@0(  B S  ? _Hlt310206484@NSC*urn:schemas-microsoft-com:office:smarttagsmetricconverter | 148 < ProductID8?lw   % , 4 ; I P X _ i p {   5 8 AQX)_)w4499 BB4C:CCCDDID[FbFNNPPPPVVV WW"W#W-WXXXXYYYYYYYYZ Z^^^^Z_\_]_a_ c)caeeefelefhihjhohhhhhcumuuu{{| | |||| &ӋދV^"`gʓ̓ٓHMNYFHIMěśϛ,4blsybbcccceegg JS_mnxy~',^e Ň݇]cjr̈҈و߈U[bhNJ͊yɋЋ+56=>JM]glnq|͍ύҍݍ,5+.ܑt<C'.CNOVXghruzҔܔ&^cؕڕە '1gq˖і ŗƗΗϗߗAIclș˙ՙ֙ۙܙ  mr3=NWƜϜ3<CLڝܝݝߝ '*67ABFGLMTUZdr}MN`b78PRef|STuv%&~ 1 2 ~      z}]^girtDElmf#g#B$C$u'v'=(>(d*e*--// 2 2L3M35577889999W:X:;;>>??AA DDDDcFdFGGIIJJMLNLLLNMOMNNQQ4T5TVVXXYYZZ+],]h^i^``ccffiikkmm#o$oppttww=z>z}} ~ ~~~J~K~w~x~~~~~~~  %&BCUVrsgh- RSZ[ xyЛћef%&78 QRfgܨݨ/0ΪϪ23`a#$45*+78no,-DEst89hibc[\RSxyrs[]56|}$%\]DEfgQR01 xy&'JK"#BC`aUVSTCD`b=>sty|3=> "$()./349<\fg%(/0>?FN]dq| %&-/?AFNV[ksz|23          1 2 n o         , - ] ^   # $ $%()EFhi~uvmn*+?@lm&'tu[\##&$'$U$V$4'5'D'E']'^'''))++++,,5-6-M-N-----`.a.....//S/T///////$0%0R0S000000011,1-1k1l1111122'2(2c2d222$3%30515J5K5\6]66666 7 7@7A77777#8l8v8w8889 9,9L9N9b9i9999999999 : :+<,<7<9<z=====>>>:>\>^>r>y>>>>>>>>>> ? ?*@+@Y@Z@@@A;BEBFBwBxB~BBBBBBBBBBBBBBBCCCCC&C/C3CI?IGIHIOIQI`IaIpI{I~IIIIIIIIIIIIJJJJ9K:KtKuKKKKK!L"LYLZLLLLLMM>M_MMMMMMMMMMMMMMM N(N:N?NRNWNaNfN|NNNNNNOOpPPQ QRRYUZU9X:XXXYYvYwYYY?Z@ZZ[}[~[[[\\__``aabaaaaaubvbSdTdddddeeeeff]g^ggg:h;hBiCiii5j9jRjSj*k+kkkllmmnnnnoo;ps?sssUuVurvsvwwxxgzhz.{/{ ||||||}}GH48C,23L]ȋlo<X”&uv$ɛڝܝݝߝ'\3S)b)<< ~~~V ћSy<?| 2   6-N---l8 := ?;BBBTC(FxFFUGHH7II_MN8E]wו<cMmڝܝݝߝ\XXڝܝݝߝ0(vm Ixoz$pqf585<$C 8 $pqrB p 4d Drs+ dQ:S$N7wNŴN lβ{.&sTd?").]:q *$pq4-v%[2/$pq;Q1.R=+1$pq344?8(d//C$sOC&gn@lG mWhHEI:OcVf+ Q$pq!PUV"rfrZ`^Ub$pq1UbXQdehe(jofo0q$pqqXrXזc*buHY0$y$pq*ty)!@{$pq(HYXזc^`o(.\^`\o(.\^`\o(..v 0v ^v `0o(... 0 ^ `0o(.... ^`o( ..... ^`o( ...... `^``o(....... `^``o(........ !!^!`o(.........^`o(-0^`0o(.0^`0o(..0^`0o(...oo^o`o(.... `^``o( ..... `^``o( ...... ? ? ^? `o(.......   ^ `o(........   ^ `o(.........^`o(-^`o(- hh^h`OJQJo(^`o(.\^`\o(.hh^h`o(^`o(. ^` o(.hh^h`o()^`o(. 0 ^ `0o(..0^`0o(...((^(`o(.... ##^#`o( ..... N+`N+^N+``o( ...... 33^3`o(....... t:t:^t:`o(........ BB^B`o(.........^`o(.#0#^#`0o(..#0#^#`0o(...^`o(.... ^`o( ..... `^``o( ...... [ [ ^[ `o(....... [ [ ^[ `o(........   ^ `o(.........hh^h`o()^`o(-k^`ko(.^`o(-W\W^W`\o(.^`o(-^`o(.^`o(.#0#^#`0o(..#0#^#`0o(...^`o(.... ^`o( ..... `^``o( ...... [ [ ^[ `o(....... [ [ ^[ `o(........   ^ `o(.........^`o(.z^`zo(.\^`\o(.0^`0o(.hh^h`o(.^`o(-^`o(.L 0L ^L `0o(..u0u^u`0o(...^`o(.... //^/`o( ..... `^``o( ...... Q#Q#^Q#`o(....... z'z'^z'`o(........  - -^ -`o(.........^`o(-hh^h`.>^`>o(.hh^h`o(.^`o(- hh^h`OJQJo(hh^h`o(.^`o(.\^`\o(.\^`\o(..v 0v ^v `0o(... 0 ^ `0o(.... ^`o( ..... ^`o( ...... `^``o(....... `^``o(........ !!^!`o(......... hh^h`OJQJo(^`o(-^`o(-^`o(.^`o(-hh^h`o(.^`o(-hh^h`o(-^`o(-0f5$C 4-:S$?")w*tys+ (;Q1rZ`^d//CsOC!PUO7n@lGV eh{.&4EI34?8*bu(vWhHp qXr1UbrB d ofoq *+ Q0$yIx%[2/Uboz8 0q=+1)!@{e(jXQd00noM'Zڝܝ@(8UnknownG*Ax Times New Roman5Symbol3. *Cx Arial5. .[`)TahomaA$BCambria Math"qSh\KdFT=`5=`5Y24 JqHX ?oM2!xx ;0=Tanja025;0                           ! " # $ % & ' ( ) * + , - . / Oh+'0X    ,8@HPTanjaNormal4Microsoft Office Word@F#@ @\5=`՜.+,D՜.+,4 hp|  T&S    8@ _PID_HLINKSAdhttp://globalteka.ru/  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./012356789:;=>?@ABCJRoot Entry Fp\LData 1TablenWordDocument*SummaryInformation(4DocumentSummaryInformation8<CompObjr  F Microsoft Word 97-2003 MSWordDocWord.Document.89q