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,IL =;OM; >; ;FN?L;\[I ;FAOHM =IG?HNXLCIM @C=;L;G M?G =IHN?RNI IGI ] I =;MI >I =IG?HNXLCI M?AOCHN? KO? @;F; H; JIMMC<CFC>;>? >? &?< OMB CLG[I >I ;NO;F JL?MC>?HN? HILN? ;G?LC=;HI ?G NILH;L M? JL?MC>?HN? *I ILCACH;F I N?RNI >? 0;M @;F;P; ;=?L=; >CMMI ;I >CT?L KO? NO>I m;AIL; J;L?=? JIMM_P?F -O? &?< OMB M?D; I JL`RCGI JL?MC>?HN? >IM !1 n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m.;NT?HA?L ?HNI IO >IF@I n L??M=LCNI =IGI m.;NT?HA?L ? %N;G;Ln ALC@I G?O


L??M=LCN; H?MN? =;MI H[I M? >?O ?G <OM=; >? =ILL?\b?M ILNIALX@C=;M AL;G;NC=;CM IO >? M?GZHNC=; HN?M ?F; CH>C=; JLI=?MMIM >? =?HMOL; ? ;ONI=?HMOL; ; J;LNCL >; L?;\[I ?RJL?MM; IO JL?MOGC>; >I Jc<FC=I F?CNIL ;IM N?RNIM ;FN?L;>IM

:?6>2 m+ =CH?G; ;CH>; L?MJCL;n l ,IMN + ,IMN KO? N?G N?GXNC=; CMIF;>; =IG?HN; I @CFG? m$IOM? I@ NB? @FSCHA ;AA?LMn 0;M CH>C=; I @CFG? ;IM F?CNIL?M ;@CLG;H>I MO; ?R=?F?HN? KO;FC>;>? !F? >CT KO? ?HKO;HNI IM N?`LC=IM @C=;G @;F;H>I HI @CG >I =CH?G; HI >IG_HCI >;M HIMM;M G?HN?M J?F;M CG;A?HM P;C FX OG =BCH^M ? G;N; ; =I<L; ? GIMNL; I J;O 0O>I ;I G?MGI N?GJI W OG; BIL; ? G?C; >? JOLI >?F?CN? 1G; BCMN`LC; MCGJF?M ? =IGJF?R; ;I G?MGI N?GJI =IGI M?GJL? @IL;G ;M <I;M BCMN`LC;M >?M>? IM AL?AIM FIA >I 0;M m+ =CH?G; ;CH>; L?MJCL;n 0;M CHC=C; M?O =IG?HNXLCI L?@?L?H=C;H>I ;MMOHNIM >; ;A?H>; >; G_>C; H;KO?F? >C; m/? PI=^ ;H>; =;HM;>I >?MM? J;JI >? J;J; N?F?PCM[I <CA <LINB?L FOF; ? MOJ?L;PCN @CM=;F n !MM? NL?=BI MCNO; IM G?G<LIM l JLI>ONIL >I <FIA ? M?OM F?CNIL?M l ?G OG =IHN?RNI M`=CI =OFNOL;F ? JIF_NC=I G;CM ;GJFI ;I G?MGI N?GJI ?G KO? =IHMNCNOC OG =B;G;>I J;L; KO? NI>IM >?CR?G ?MM; L?;FC>;>? Y J;LN? ? JIMM;G G?LAOFB;L H; @;HN;MC; >I =CH?G; =BCH^M ,;L; I <FIAO?CLI ?MM;M HIN_=C;M DX ?MN[I ?RJIMN;M JIL G;CM N?GJI KO? I >?PC>I =;OM;H>I OG; ?MJ]=C? >? MI<L?=;LA; CH@ILG;=CIH;F HI Jc<FC=I F]G >? CH>C=;L I @CFG? 0;M N;G<]G CH>C=; OG; M;F; >? =CH?G; J;OFCMN;H; ; M;F; >I ?HNL;F ,F;T; H; 2CF; ,LO>?HN? ; mG;CIL N?F; >? /,n 0;HNI MO;M =L_NC=;M JIMCNCP;M ;I @CFG? KO;HNI Y M;F; >? =CH?G; @IL;G ;FPI >IM =IG?HNXLCIM >IM F?CNIL?M >I %/2* FAOHM =IH=IL>;L;G =IG 0;M >? KO? I @CFG? ? ; M;F; >? =CH?G; N^G <I; KO;FC>;>? =IGI I G?G<LI MCFP?L

/D:=G6C0/D2?E@ 2?5CS DA0/ 0/6DEF52?E60 =IGJF?N;G?HN? FCH>I M?AOC ; >C=; ? ;MMCMNC HI =?HNL;F JF;T; H; M;F; ?MNIO ?MNOJ?@;NI =IG ; <?F?T; ? I >?M?HLIF;L >; BCMN`LC; KO? CHC=C;FG?HN? J;L?=? MCGJF?M @CFG? FCH>I ? JOLI GOCNI <IG


FIA >I 0;M IG?HNXLCIM >I ,IMN m+ =CH?G; ;CH>; L?MJCL;n *I ?HN;HNI F?CNIL?M =IGI ?HCM? >CM=IL>;G >; IJCHC[I ?RJL?MM; HI %/2* ;=?L=; >I @CFG? 7 ?HCM?87/[I ,;OFI /,8 ?M=OFJ? 0;M );M ?MM? @CFG? ] BILL_P?F "OC ;MMCMNCL H; G;CIL >;M <I;M CHN?H\b?M ? ;=B?C GOCNI LOCG G?MGI ,;L?=? KO? H[I N?G LIN?CLI M =?H;M M[I FCH>;M ;KO?F; >IM N;G<IL?M FIAI HI CH_=CI >I @CFG? ] >? NL;T?L XAO; ;IM IFBIM G;M ] JL?=CMI ;FAI G;CM KO? CMMI CGJL?MM[I KO? G? >X ] KO? I @CFG? ] OG; =IF=B; >? L?N;FBIM >? =?H;M >? FON; FIA >I 0;M IG?HNXLCIM >I ,IMN m+ =CH?G; ;CH>; L?MJCL;n ,IL M?L OG; N?GXNC=; JIO=I CHN?L?MM;HN? IO JIF^GC=; ?MN? JIMN ;NL;CO G?HIM =IG?HNXLCIM ?G L?F;\[I ;IM >?G;CM "IC OG NIN;F >? =IG?HNXLCIM >OL;HN? I J?L_I>I >? =IF?N;

C2F56 m+ F?[I >I CGJIMNI >? L?H>; N; >? <I<?CL; n l ,IMN IONL; N?GXNC=; CMIF;>; ?G OG cHC=I JIMN JL?M?HN? HI FIA >I 0;M ?G HIMMI J?L_I>I >? ;HXFCM? J;L?=? L?JLI>OTCL ;J?H;M G;CM OG; >;M CHcG?L;M CH@ILG;\b?M ; G;CIL J;LN? CHP?L_>C=;M KO? =CL=OF;G H; %HN?LH?N H; @ILG; >? 63$06 0;M >?MN;=; ?MM? @;NI ;HN?M >? L?JLI>OTCL OG ? G;CF KO? @;F; ;=?L=; >? OG; JIMM_P?F @L;O>? =IHNL; I CGJIMNI >? L?H>; >? J?MMI;M @;GIM;M 2;F? F?G<L;L KO? I G^M >? ;<LCF >? @IC I cFNCGI G^M J;L; ; >?=F;L;\[I >? CGJIMNI >? L?H>; ? ; ?RJ?=N;NCP; ?L; >? KO? ; G;CIL J;LN? >IM =IHNLC<OCHN?M @CT?MM? OMI >; %HN?LH?N J;L; ?HNL?A;L ; MO; >?=F;L;\[I !MM? JIMN N?P? =IG?HNXLCIM HI ?HN;HNI =?L=; >? >?F?M M? L?@?LC;G ;IM 32676 >I N?G; .;=CMGI l ;MI #L;@CN? =ODIM FCGCN?M >? =IG?HNXLCIM @IL;G ;NCHAC>IM @IL\;H>I IM F?CNIL?M ; ONCFCT;L?G IONLIM 32676 =IGI I ,IMN J;L; J;LNC=CJ;L >; >CM=OMM[I

3$06 M[I OG; ?MJ]=C? >? G;F; >CL?N; >? ? G;CF H[I ;ONILCT;>; A?L;FG?HN? =IG CH@ILG;\b?M H[I =IH@CLG;>;M +M MJ;GM M[I GOCNI ONCFCT;>IM J;L; >CMM?GCH;\[I >? P_LOM CH@ILGXNC=IM ? M? =IHMNCNO?G ?G OG >IM ?F?G?HNIM G;CM =IG<;NC>IM J?F;M ?GJL?M;M >? M?AOL;H\; PCLNO;F


&24:D>@ ` 2D@ C27:E6 m.;=CMGI IO N?GJ?MN;>? ?G =IJI >eXAO; n l ,IMN m,IL KO? I #L;@CN? N?G ;J?FC>I >? AL;@CN? n l ,IMN m+ L;=CMGI >?HNLI ? @IL; >? H`Mn l ,IMN m HA?FC "IFB; n l ,IMN + N?G; >I L;=CMGI MOLAC>I ; J;LNCL >I =;MI >; ;AL?MM[I P?L<;F >I DIA;>IL >? @ON?<IF ;LA?HNCHI ?MX<;NI =IHNL; I ;N;=;HN? >I /[I ,;OFI #L;@CN? @IC M?G >cPC>; I >? G;CIL L?J?L=OMM[I HI FIA >I 0;M >OL;HN? I G^M >? ;<LCF + ;MMOHNI L?H>?O KO;NLI 32676 M?H>I KO? NL^M >?F?M ;F=;H\;L;G I HcG?LI FCGCN? >? =IG?HNXLCIM JIMM_P?CM *; HICN? >I >C; >? ;<LCF >? ?G /[I ,;OFI >OL;HN? OG DIAI J?F; 0;\; (C<?LN;>IL?M >? G]LC=; >? "ON?<IF ?HNL? /[I ,;OFI ? I NCG? ;LA?HNCHI -OCFG?M I DIA;>IL (?;H>LI ?MX<;NI @IC ;=OM;>I J?FI ;N;=;HN? #L;@CN? >? FB? N?L @?CNI I@?HM;M L;=C;CM ?MX<;NI @IC JL?MI ;CH>; HI ?MNX>CI ? J;MMIO =?L=; BIL;M JL?MI ?G /[I ,;OFI + JLCG?CLI >?MN?M KO;NLI 32676 ?MNX >;N;>I >? >? ;<LCF >C; M?AOCHN? >; I=ILL^H=C; >; ;AL?MM[I >? ?MX<;NI =IHNL; #L;@CN? JLCG?CL; =ICM; KO? M? >?MN;=; ] I @;NI >? KO? H?MN; >;N; ?RCMN? ; JIMN;A?G >? >ICM N?RNIM m.;=CMGI IO N?GJ?MN;>? ?G =IJI >eXAO; n I ,IMN MOLA? ?G PCLNO>? >; CG?HM; L?J?L=OMM[I JLIPI=;>; J?FI =;MI OG; P?T KO? I DIA;>IL ;LA?HNCHI @IC JL?MI ;CH>; ?G =;GJI >? DIAI ?M>? ; ?M=IFB; >I N_NOFI 0;M IJN; J?FI =;GCHBI >; JIF^GC=; -O;H>I NI>; ; G_>C; N?G L?MM;FN;>I ; KO?MN[I L;=C;F I <FIAO?CLI ?HN?H>? KO? ?MNX B;P?H>I OG ?R;A?LI >I =;MI ?M=OFJ? #L;@CN? G;M ?MM; <;LOFB?CL; NI>; J;MMIO >I <IG M?HMI NL;HM@ILG;L OG; <LCA; >?HNLI >? =;GJI HOG CGJ;MM? CHN?LH;=CIH;F ;=OM;L I ;LA?HNCHI >? L;=CMGI =IGI M? I =;L; @IMM? OG $CNF?L JL; GCG J;MMIO >I JIHNI FIA >I 0;M m.;=CMGI IO N?GJ?MN;>? ?G =IJI >eXAO; n

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