Auktion 103 Künker

14&'0 70& '*4'0<'+%*'0 '+0' 5#//.70) #75 #.6'/ #&'.5$'5+6<

5GJT IGGJTVGT -WPFG WPF 5COONGT XQP 1TFGP WPF 'JTGP\GKEJGP YKT HTGWGP WPU UGJT +JPGP KO 4CJOGP WPUGTGT ,WDKN·WOUCWMVKQP CWEJ FKG KP FKGUGO 5RG\KCNMCVCNQI RT·UGPVKGTVG 5COONWPI XQP ÒDGT 1TFGP WPF 'JTGP\GKEJGP CPDKGVGP \W MÌPPGP &KG 5COONWPI YWTFG KP OGJTGTGP ,CJT\GJPVGP UGKV FGP GT ,CJTGP CWHIGDCWV WPF NKGDGXQNN \WUCOOGPIGVTCIGP &CU 1DLGMV GPVJ·NV \CJNTGKEJG UGNVGPG -QUVDCTMGKVGP FKG JGWVG PWT PQEJ UGNVGP KO /CTMV CPIGDQVGP YGTFGP &GT KP\YKUEJGP XGTUVQTDGPG 5COONGT JCV ICP\ PCEJ )WVFÒPMGP WPF RGTUÌPNKEJGO )GUEJOCEM 5VÒEMG KP UGKPG 5COONWPI GKPIGTGKJV UQ YKG GU KJO (TGWFG DGTGKVGVG WPF JCV UKEJ PWT YGPKI XQP KTIGPF GKPGT 5[UVGOCVKM NGKVGP NCUUGP +P FKGUGO -CVCNQI YGTFGP FCJGT #WU\GKEJPWPIGP CWU CNNGP 2GTKQFGP FGT PGWGTGP FGWVUEJGP )GUEJKEJVG CD GVYC CPIGDQVGP UQYKG 1TFGP WPF 'JTGP\GKEJGP CWU CPP·JGTPF YGKVGTGP 5VCCVGP FGT 9GNV CWU 'WTQRC GDGPUQ YKG CWU ªDGTUGG &GT -CVCNQI DKGVGV UQOKV GKPGP JGTXQTTCIGPFGP 'KPDNKEM KP FKG YGNVYGKVG 'PV YKEMNWPI FGU 1TFGPU WPF #WU\GKEJPWPIUYGUGPU FGT NGV\VGP DKU ,CJTG KP UGKPGT OCPPKIHC EJGP 8KGNHCNV *GTT /KEJCGN #WVGPITWDGT -QPUVCP\ YCT DGTGKV FKG HCEJNKEJG $GCTDGKVWPI FGU IGUCOVGP /C VGTKCNU MQORNGVV \W ÒDGTPGJOGP #P FKGUGT 5VGNNG UGK FCJGT *GTTP #WVGPITWDGT JGT\NKEJ IGFCPMV FGT XKGNG &GVCKNKPHQTOCVKQPGP WPF .KVGTCVWT\KVCVG KP FGP -CVCNQI GKPIGDTCEJV WPF KJP FCFWTEJ ICP\ GTJGDNKEJ DGTGKEJGTV JCV 9KG KOOGT YKTF FKG 1TKIKPCNKV·V FGT CPIGDQVGPGP 1DLGMVG IGY·JTNGKUVGV UQHGTP KP FGT -CVCNQI DGUEJTGKDWPI PKEJVU CPFGTGU XGTOGTMV KUV 9KT JCDGP WPU GPVUEJNQUUGP KP GKPGT IGUQPFGTVGP 4WDTKM FKG GKPFGWVKI KFGPVKHK\KGTVGP -QRKGP WPF 5COONGTCPHGTVKIWPIGP CNU UQNEJG CP\WDKGVGP /KV 'KPYKNNKIWPI FGU 'KPNKGHGTGTU YWTFGP FKG 5VÒEMG OKV ō%12;ŋ IGRWP\V &KGUG 5VÒEMG MÌPPGP UQOKV FCWGTJCHV CNU -QRKGP GTMCPPV YGTFGP UKG UKPF QTFGPVNKEJ KP FKGUGO -CVCNQI FQMWOGPVKGTV WPF GU MCPP MGKP 5EJCFGP OGJT OKV KJPGP CPIGTKEJVGV YGTFGP &KGU KUV XQP WPU ICP\ DGYW­V CNU $GKVTCI KO -CORH FGT 5COONGTUEJCHV IGIGP FCU (·NUEJWPIU 7PYGUGP GKPIGDTCEJV YQTFGP 9KT YÒPUEJGP +JPGP UGJT IGGJTVGT -WPFG XKGN (TGWFG DGKO 5VWFKWO FKGUGU -CVCNQIGU WPF YÒTFGP WPU UGJT HTGWGP YGPP GKP RCCT 1DLGMVG KP +JTG GKIGPG 5COONWPI IGNCPIGP WPF 5KG UKEJ \WMÒPHVKI FCTCP GTHTGWGP MÌPPGP

1UPCDTÒEM KO #RTKN

(TKV\ 4WFQNH -ÒPMGT

5

WICHTIGE HINWEISE ZU RECHTLICHEN BESTIMMUNGEN FÜR DEN VERKAUF BESTIMMTER OBJEKTE

&GWVUEJGU 4GKEJ ņ UQIGP ō&TKVVGU 4GKEJŋ 5QNCPIG UKEJ -WPFG WPF 8GTM·WHGT PKEJV IGIGPVGKNKI ·W­GTP XGTUKEJGTP UKG FCUU UKG )GIGPUV·PFG WPF $ÒEJGT CWU FGT <GKV FGU &GWVUEJGP 4GKEJGU XQP DKU PWT \W <YGEMGP FGT UVCCVUDÒTIGTNKEJGP #WHMN·TWPI FGT #DYGJT XGTHCUUWPIUYKFTKIGT $GUVTGDWPIGP FGT -WPUV QFGT FGT 9KUUGPUEJCHV FGT (QTUEJWPI QFGT FGT .GJTG FGT $GTKEJVGTUVCVVWPI ÒDGT 8QTI·PIG FGU <GKVIGUEJGJGPU QFGT FGT )GUEJKEJVG QFGT ·JPNKEJGP <YGEMGP GTYGT DGP &KGUG )GIGPUV·PFG WPF $ÒEJGT YGTFGP ITWPFU·V\NKEJ PWT WPVGT FKGUGP 8QTCWUUGV\WPIGP CPIGDQVGP WPF CDIGIGDGP 5QOKV UVGNNV FGT 'TYGTD XQP )GIGPUV·PFGP WPF $ÒEJGTP CWU FKGUGT <GKV WPVGT FGP QDGP CWHIGHÒJTVGP 8QTCWU UGV\WPIGP IGO·­ FGT hh C #DU D\Y #DU 5V)$ MGKPGP 5VTCHVCVDGUVCPF KO 5KPPG FGU h C #DU 5V)$ FCT 7PVGT FKGUGP 7OUV·PFGP KUV GU CNUQ ITWPFU·V\NKEJ GTNCWDV 1TFGP WPF 'JTGP\GKEJGP FKG KP h #DU )GUGV\ ÒDGT 6KVGN 1TFGP WPF 'JTGP\GKEJGP PKEJV CWHIGHÒJTV UKPF UQYKG #D\GKEJGP OKV PCVKQPCNUQ\KCNKUVK UEJGP 'ODNGOGP \W XGTMCWHGP WPF \W GTYGTDGP WPF FKGU GPVIGIGP FGP $GUVKOOWPIGP FGU h #DU )GUGV\ ÒDGT 6KVGN 1TFGP WPF 'JTGP\GKEJGP &GUJCND JCV FGT $WPFGUOKPKUVGT FGT ,WUVK\ OKV 5EJTGKDGP ++ XQO FGO UGKPGT \GKVKIGP 8QTUKV\GPFGP FGU $WPFGU FGWVUEJGT 1TFGPUUCOONGT G 8 CWUFTÒEMNKEJ GTMN·TV FCUU FGT 'TYGTD XQP 1TFGP WPF 'JTGP\GKEJGP CWU FGT <GKV FGU UQIGPCPPVGP ō&TKVVGP 4GKEJGUŋ FWTEJ GTPUVJCHVG WPF QTICPKUKGTVG 5COONGT OKV FGO <KGN FKGUGP )GIGPUVCPF KP GKPG 5COONWPI GKP\WHÒIGP MGKPGP 5VTCHVCVDGUVCPF KO 5KPPG FGU )GUGV\GU FCTUVGNNV $WPFGUTGRWDNKM &GWVUEJNCPF 1TFGP WPF 'JTGP\GKEJGP FGT $WPFGUTGRWDNKM &GWVUEJNCPF WPF KJTGT $WPFGUN·PFGT GDGPUQ YKG FGTGP /KPKC VWTGP $CPFUVGIG -PQRHNQEJUEJNGKHGP WPF $CPFUEJPCNNGP FÒTHGP IGO·­ h #DU )GUGV\ ÒDGT 6KVGN 1TFGP WPF 'JTGP\GKEJGP PWT CP $GTGEJVKIVG CDIGIGDGP YGTFGP #NU $GTGEJVKIVG IGNVGP JKGTDGK PGDGP FGP $GNKGJGPGP CWEJ CNNG FKGLGPKIGP 2GTUQPGP FKG KO $GUKV\ GKPGT 5COOGNIGPGJOKIWPI UKPF &KGUG 5COOGNIGPGJOKIWPI GTVGKNV CWH #PHTCIG FKG LGYGKNU \WUV·PFKIG $GJÌTFG &KG <WUV·PFKIMGKV KUV KP FGP GKP\GNPGP $WPFGUN·PFGTP WP VGTUEJKGFNKEJ IGTGIGNV &KG 'TVGKNWPI GKPGT UQNEJGP )GPGJOKIWPI MCPP IGO·­ FGU -QOOGPVCTU \WO )GUGV\ XQP FGT \WUV·PFKIGP $GJÌTFG PWT DGK 8QTNKGIGP UEJYGTYKGIGPFGT )TÒPFG XGTYGKIGTV YGTFGP /KV GKPGO )GDQV CWH 1TFGP WPF 'JTGP\GKEJGP FGT $WPFGUTGRWDNKM WPF KJTGT $WPFGUN·PFGT XGTUKEJGTV FGT $KGVGT KO QTFPWPIUIGO·­GP $GUKV\ GKPGT UQNEJGP 5COOGNIGPGJOKIWPI \W UGKP (KPPNCPF <WT 5VCCVU 5[ODQNKM FGT 4GRWDNKM (KPPNCPF IGJÌTV PGDGP FGO .ÌYGP KO HKPPKUEJGP 5VCCVUYCRRGP CWEJ GKP CNU ō(TGKJGKVUMTGW\ŋ DG\GKEJPGVGU *CMGPMTGW\ FGUUGP ō*CMGPŋ LGFQEJ KP GPVIGIGPIGUGV\VGT 4KEJVWPI YKG DGKO 5[ODQN FGU FGWVUEJGP 0CVKQPCNUQ\KCNKUOWU XGTNCWHGP &KGUGU (TGKJGKVUMTGW\ YWTFG DGTGKVU Y·JTGPF FGU 'TUVGP 9GNVMTKGIU \WO 5[ODQN FGT HKPPKUEJGP (TGKJGKVUDGYGIWPI IGIGP FKG \CTKUVKUEJ TWUUKUEJG *GTTUEJCHV WPF JCV UQOKV PKEJVU IGOGKP OKV FGO GTUV UR·VGT GPVUVCPFGPGP 5[ODQN FGU 0CVKQPCNUQ\KCNKUOWU $KU JGWVG KUV GU CWH FGO JÌEJUVGP HKPPKUEJGP 1TFGP FGO 1TFGP FGU (TGKJGKVUMTGW\GU \W UGJGP WPF FKGPV \ $ CWEJ CNU 5[ODQN HÒT FGP HKPPKUEJGP 5VCCVURT·UKFGPVGP D\Y FKG 5VCCVURT·UKFGPVKP KP FGUUGP D\Y FGTGP 5VCPFCTVG 5QOKV MCPP CWUFTÒEMNKEJ HGUVIGUVGNNV YGTFGP FCUU FKGUGU (TGKJGKVUMTGW\ CNU PKEJV FGO 0CVKQPCNUQ\KCNKUOWU \WIGJÌTKIGU 5[ODQN PKEJV WPVGT FKG $GUVKOOWPIGP FGT hh C #DU D\Y #DU 5V)$ H·NNV

11

WICHTIGE HINWEISE FÜR UNSERE TELEFONBIETER 9GPP 5KG VGNGHQPKUEJ DKGVGP OÌEJVGP OW­ FCU XQT FGT #WMVKQP FWTEJ WPU IGPGJOKIV YGTFGP 8QTCWUUGV\WPI HÒT GKP VGNGHQPKUEJGU /KVDKGVGP KUV FC­ 5KG OKPFGUVGPU FGP 5EJ·V\RTGKU UEJTKHVNKEJ DKGVGP 6GNGHQPKUEJGU $KGVGP KUV GTUV CD GKPGO 5EJ·V\RTGKU XQP EC 'WTQ RTQ .QU OÌINKEJ $KVVG TWHGP 5KG (TCW 6JQOCU XQT FGT #WMVKQP CP WPVGT QFGT IGDÒJTGPHTGK WPVGT 9KT ÒDGTPGJOGP MGKPGTNGK *CHVWPI HCNNU FKG VGNGHQPKUEJG 8GTDKPFWPI Y·JTGPF FGT #WMVKQP PKEJV \WUVCPFG MQOOV

INFORMATIONS POUR NOS CLIENTS PARTICIPANT A NOS VENTES AUX ENCHERES PAR TELEPHONE 5K XQWU F¾UKTG\ RCTVKEKRGT RCT V¾N¾RJQPG ¯ PQU XGPVGU CWZ GPEJ½TGU XGWKNNG\ XQWU OGVVTG FʼnCEEQTF CXGE PQVTG UGTXKEG FG ENKGPVU SWGNSWGU LQWTU CXCPV NC XGPVG UQWU NG PWO¾TQ 7PG RCTVKEKRCVKQP V¾N¾RJQPKSWG ¯ NC XGPVG UGTC RQUUKDNG ¯ EQPFKVKQP SWG XQWU PQWU HCKVGU RCTXGPKT CWUUK XQVTG QTFTG ¾ETKV SWK UQKV CW OQKPU CW RTKZ FʼnGUVKOCVKQP GV SWG NʼnGUVKOCVKQP UQKV CW OQKPU 'WTQ RCT NQV 0QWU KPFKSWQPU HQTOGNNGOGPV SWG PQWU PG RTGPQPU CW EWPG TGURQPUCDKNKV¾ CW ECU QÏ NC EQOWPKECVKQP V¾N¾RJQ PKSWG UQKV KPVGTTQORWG QEEWR¾G QW PG RCU ¾VCDNKG

IMPORTANT INFORMATION ON TELEPHONE BIDDING +H [QW YKUJ VQ RCTVKEKRCVG KP VJG CWEVKQP CU C VGNGRJQPG DKFFGT RNGCUG NGV WU MPQY UGXGTCN FC[U KP CFXCPEG CU YG JCXG VQ CRRTQXG CPF UEJGFWNG CNN ECNNU 6Q TGIKUVGT HQT VGNGRJQPG DKFFKPI YG TGSWKTG VJCV [QW UWDOKV CV NGCUV VJG GUVKOCVG CU C YTKVVGP DKF KP CFFKVKQP VQ DGKPI ECNNGF 6GNGRJQPG DKFFKPI KU CEEGRVGF QP NQV PWODGTU YKVJ GUVKOCVGU CDQXG 'WTQ 2NGCUG ECNN WU CV HQT OQTG KPHQTOCVKQP QT VQ TGIKUVGT HQT VGNGRJQPG DKFFKPI 9G FQ PQV CUUWOG NKCDKNKV[ HQT VGNGRJQPG DKFU UJQWNF VJG VGNGRJQPG NKPG DG KPVGTTWRVGF

INFORMAZIONI PER GLI OFFERENTI TELEFONICI 5G FGUKFGTCVG HCTG WPʼnQHHGTVC RGT VGNGHQPQ UKGVG RTGICVK FK EJKCOCTG NC 5KIPQTKPC #NGZCPFTC 'NHNGKP CN PWOGTQ FKTGVVQ SWCNEJG IKQTPK RTKOC FGNNňCUVC #EEGVVKCOQ WPʼnQHHGTVC RGT VGNGHQPQ EQP WPʼnQHHGTVC UETKVVC RGT NQVVK EQP RTG\\K UVKOCVK FK RKW FK 'WTQ 0QP CUUWOGTGOQ PGUUWPC TGURQPUKDKNKV¯ RGT NG QHHGTVG HCVVG RGT V¾N¾HQPQ

ZEITPLAN AUKTION 103 ORDEN UND EHRENZEICHEN EINE SAMMLUNG AUS ALTEM ADELSBESITZ Samstag, den 25. Juni 2005 11.00 Uhr - 13.00 Uhr Nr. 7001 bis Nr. 7424 Deutschland, Ausland: Ägypten - Gabun 14.00 Uhr - 17.00 Uhr Nr. 7425 bis Nr. 8072 Ausland: Griechenland - Vietnam, Unbekannte Auszeichnungen, Konvolute, Kopien und Sammleranfertigungen, Ortskundliche Literatur #DDKNFWPIGP UKPF UQHGTP PKEJV CPFGTU CPIGIGDGP CWH )TÌ­G XGTMNGKPGTV 'TJCNVWPIUCPICDGP WPF .KVGTCVWTXGT\GKEJPKU CO 'PFG FGU -CVCNQIGU 12

&'765%*' 14&'0 70& '*4'0<'+%*'0

7002

7002 7001 1:1

&'765%*' 56##6'0 $+5 #0*#.6 )'/'+05#/

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT /CWGT WPF $·TGP #WHNCIG )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )QFGV KP $GTNKP CP XGTIQNFGVGT 5KNDGTPCFGN FKGUG KPPGP OKV 2WP\G -.'& 0+// 1#0 1'- 4#/ 5 5%*# 5%*4# D 8'40 +p++

&GT 5VGTP GPVURTKEJV FGO DGK 5EJCTHGPDGTI WPVGT FGT 0T CDIGDKNFGVGP 'ZGORNCT YQDGK FKG FC\WIGJÌTKIG $G UEJTGKDWPI OKV FGT 5VCPFQTVCPICDG 5)/* .CPFGUOÒP\MCDKPGVV WPVGT FGT 0T \W NGUGP KUV FKG .GIGPFGP \W DGKFGP #DDKNFWPIGP DGKO &TWEM XGTVCWUEJV YQTFGP UKPF

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 4KVVGT\GKEJGP -NCUUG ·NVGTG (QTO OKV SWGT UVGJGPFGT ¤UG CWH GKPGT 5GKVG FWTEJDTQEJGP $TQP\G XGTIQNFGV CO $CPF -.'& 0+// XCT 1#0 1'- 4#/ 5 5%*# 5%*4# XCT 8'40 ++

7003 1:1

7004

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP /KPKCVWT FGU 4KVVGT\GKEJGPU -NCUUG 5KNDGT CO $·PFEJGP 1#0 4#/ 5 +p++

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 5KNDGTPG 8GTFKGPUVOGFCKNNG OKV -TQPG WPF 5EJYGTVGTP 5KNDGT 5EJYGTVGT 'KUGP XGTIQNFGV 8CTKCPVG -TQPG 5KNDGT 8CTKCPVG MÌPKINKEJG -TQPG CO $CPF *75 XCT -.'& XCT -.+# + XCT 0+// XCT 1'- XCT 4#/ 5 5%*# XCT 8'40 XCT ++

'U JCPFGNV UKEJ JKGTDGK WO GKPG QTKIKPCNG /GFCKNNG KP FGT #WUHÒJTWPI HÒT FKG #PDTKPIWPI FGT -TQPGP ªDGTJÌJWPI ,GFQEJ GPVURTGEJGP FKG IGMTGW\VGP 5EJYGTVGT KP KJTGT (QTO PKEJV FGT DGK FGP +PUKIPKGP FGU *CWUQTFGPU IGDT·WEJNK EJGP #WUHÒJTWPI YKG CWEJ FKG -TQPG PKEJV FGO ÒDNKEJGP JGTCNFKUEJ JGT\QINKEJGP UQPFGTP FGO MÌPKINKEJGP 6[RWU GPVURTKEJV 1D GU UKEJ JKGTDGK WO GKPG CNVG 8CTKCPVG QFGT WO GKPG ·NVGTG $CUVGNCTDGKV JCPFGNV MCPP PKEJV GPVUEJKGFGP YGTFGP

13

7005

7006

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 8GTFKGPUVQTFGP HÒT 9KUUGPUEJCHV WPF -WPUV /QFGNN 5KNDGT XGTIQNFGV CO $CPF *';& *75 -.'& -.+# +++ 0+// 1#0 1'- 4#/ 5 5%*# 5%*4# ++ C D 8'40 ++

.CWV 5EJCTHGPDGTI 5 IKDV GU CWEJ 5VÒEMG CWU XGTIQNFGVGO 5KNDGT GU UVGJV CDGT QHHGP QD GU UKEJ WO \GKVIGPÌU UKUEJG <YGKVGZGORNCTG KO 4CJOGP XQP RTKXCVGP (GTVKIWPIGP JCPFGNV

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 8GTFKGPUVQTFGP HÒT 9KUUGPUEJCHV WPF -WPUV /QFGNN &GMQTCVKQP FGT -NCUUG 5KNDGT CO $CPF KO 1TKIKPCNGVWK *75 -.'& -.+# +++ 0+// 1'- 4#/ 5 5%*# 8'40 9#.&

8QP ITQ­GT 5GNVGPJGKV +p

5EJCTHGPDGTI IKDV PGWP 8GTNGKJWPIGP CP CPJCNVKUEJG 5VCCVUDÒTIGT CP WPF XGTOWVGV DKU YGKVGTG 8GTNGKJWPIGP CP 'ORH·PIGT CW­GTJCND #PJCNVU

7008

7009

7007

7011

#0*#.6 $'40$74) *'4<1)67/

#NGZCPFGT %CTN &GPMOÒP\G $TQP\G CO PGWGP $CPF *';& *75 -.'& -.+# ++ 0+// 1'- 5%*# 5%*4# C D 8'40 ++

&KGPUVCWU\GKEJPWPI HÒT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP -NCUUG HÒT ::+ &KGPUVLCJTG $TQP\G XGTIQNFGV CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# ++ 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

#0*#.6 &'55#7 *'4<1)67/

(GNF\WIUMTGW\ HÒT $TQP\G VGKNYGKUG ITÒP NCEMKGTV CO PGWGP $CPF *';& *75 -.'& -.+# +++ 0+// 1'- 5%*# 5%*4# C D 8'40 ++

(GNF\WIUMTGW\ HÒT $TQP\G VGKNYGKUG ITÒP NCEMKGTV CO PGWGP $CPF *';& *75 -.'& -.+# +++ 0+// 1'- 5%*# 5%*4# C D 8'40 ++

&KGPUVCWU\GKEJPWPI HÒT /KNKV·TRGTUQPGP XQO (GNFYGDGN CDY·TVU 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP -NCUUG HÒT :++ &KGPUVLCJTG 5KNDGT CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# +++ 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

14

7012

7013

7014

#0*#.6 &'55#7 -¤6*'0 *'4<1)67/

)GF·EJVPKUOGFCKNNG \WO GKPL·JTKIGP )GDWTVUVCI FGU 'TDRTKP\GP .GQRQNF (TKGFTKEJ CO ,WNK 5KNDGT JQJN IGHGTVKIV CO $CPF *75 -.'& -.+# 0+// 1'- 5%*# 5%*4# 8'40 4 ++p+++

&GT 'TDRTKP\ YWTFG CO ,WNK IGDQTGP WPF UVCTD CO (GDTWCT

#0*#.6 -¤6*'0 *'4<1)67/

&KGPUVCWU\GKEJPWPI HÒT 5QNFCVGP XQO (GNFYGDGN CDY·TVU /QFGNN -NCUUG HÒT ::+ &KGPUVLCJTG 5KNDGT XGTIQNFGV OKV 5KNDGTTCJOGP CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# ++ 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

&KGPUVCWU\GKEJPWPI HÒT 5QNFCVGP XQO (GNFYGDGN CDY·TVU /QFGNN -NCUUG HÒT +: &KGPUVLCJTG 'KUGP NCEMKGTV OKV 5KNDGTTCJOGP CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# ++ XCT 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

7015

7018

7017

#0*#.6 )'5#/656##6 *'4<1)67/

)QNFGPG 4GIKGTWPIULWDKN·WOUOGFCKNNG 5KNDGT XGTIQNFGV CO PGWGP $CPF *';& XCT *75 -.'& -.+# +8 0+// 1'- 5%*# 5%*4# C D 8'40 ++

&KG IQNFGPG 5KNDGT XGTIQNFGVG /GFCKNNG YWTFG KP 'ZGORNCTGP FWTEJ FGP *GT\QI RGTUÌPNKEJ CP (ÒTUVNKEJMGKVGP XGTNKGJGP 5VÒEM YWTFGP CNU &WRNKMCVG CDIGIGDGP WPF 5VÒEM KO 5VCCVUOKPKUVGTKWO XGTYCJTV 1D GU UKEJ DGK FGT XQTNKGIGPFGP /GFCKNNG WO GKP QTKIKPCN XGTIQNFGVGU QFGT UR·VGT PCEJXGTIQNFGVGU 'ZGORNCT JCPFGNV MCPP PKEJV PCEJIG YKGUGP YGTFGP

(TKGFTKEJ -TGW\ $TQP\G LGYGKNU CO $CPF HÒT -QODCVVCPVGP WPF 0KEJVMQODCVVCPVGP &CDGK GKPG 8CTKCPVG OKV SWGTUVGJGPFGT ¤UG *75 C -.'& -.+# +8 0+// 1'- 4#/ 5 5%*# 8'40 5VÒEM ++

/CTKGPMTGW\ -TKGIUXGTFKGPUVMTGW\ HÒT (TCWGP WPF ,WPIHTCWGP $TQP\G XGTUKNDGTV CP PGWGT HCN UEJGT 5EJNGKHG *75 -.'& -.+# +8 0+// 1'- '#/ 5 5%*# 5%*'/ 8'40 4 +p++

)GUVKHVGV ICNVGP 8GTNGKJWPIGP DKUJGT CNU HTCINKEJ LGFQEJ DGHCPF UKEJ MÒT\NKEJ KO IGUKEJGTVGP 0CEJNCUU GKPGT #PIGJÌTKIGP FGU 9ÒTVVGODGTIKUEJGP 4QVGP -TGW\GU WPVGT GKPGT 4GKJG CPFGTGT #WU\GKEJPWPIGP FGU 'TUVGP 9GNVMTKG IGU CWEJ GKP /CTKGPMTGW\ CO UVCVWVGPO·­KIGP $CPF YQTCWU IGUEJNQUUGP YGTFGP MCPP FCUU KJT FCU -TGW\ PQEJ XQT 'PFG FGU 'TUVGP 9GNVMTKGIGU XGTNKGJGP YQTFGP UGKP OWUU

&KGPUVCWU\GKEJPWPI /QFGNN -NCUUG HÒT ::+ &KGPUVLCJTG HGKP IGMÌTPV WPF XGT IQNFGV CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# +8 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

15

7019

7020

&KGPUVCWU\GKEJPWPI /QFGNN -NCUUG HÒT :8 &KGPUVLCJTG 5KNDGT HGKP IGMÌTPV CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# +8 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

&KGPUVCWU\GKEJPWPI /QFGNN -NCUUG HÒT +: &KGPUVLCJTG 'KUGP IGUEJY·T\V OKV 5KNDGTTCJOGP CWH $CPFURCPIG CP 0CFGN *';& *75 -.'& -.+# +8 0+// 1'- 5%*# 5%*4# 8+ 8'40 ++

7021 1:1

$#&'0 )4155*'4<1)67/

*CWUQTFGP FGT 6TGWG /QFGNN UR·VGTGT 6[R 1TFGPUMTGW\ )QNF GOCKNNKGTV \WUCOOGP OKV GKPGO QTKIKPCNGP 5EJ·TRGPUVÒEM XQP EO .·PIG *1.< 6CHGN -.'& 0+// 1'- XCT 4#/ 5 8'40 81.. D 9#.& XCT 8QP ITQ­GT 5GNVGPJGKV +

)CTCPVKGTVGU 1TKIKPCN KP FGT CNNGTDGUVGP HGKPUV \KUGNKGTVGP *GTUVGNNWPIUSWCNKV·V WO OKV YGK­GO 8QTFGTUGKVGPOG FCKNNQP PCEJ 8QNNG IGO·­ GKPGT #PQTFPWPI )TQ­JGT\QIU (TKGFTKEJ + XQO /CK 'DGPHCNNU PCEJ 8QNNG YWTFG FCU )TQ­MTGW\ XQP DKU KPUIGUCOV PWT OCN XGTNKGJGP &KG #P\CJN FGT 8GTNGKJWPIGP CP FKG /KVINKGFGT FGU )TQ­JGT\QINKEJGP *CWUGU KUV LGFQEJ PKEJV GPVJCNVGP

16

7022 1:1

1TFGP XQO <·JTKPIGT .ÌYGP )TQ­MTGW\ )QNF GOCKNNKGTV 'ZGORNCT OKV SWGT UVGJGPFGT ¤UG )NCU HNW­ HGKPUVG 'OCKNNGOCNGTGK 4ÒEMUGKVGP\GPVTWO WPUCEJIGO·­ CNV YKGFGT GKPIGMNGDV OKV EC EO NCPIGO CNVGP 5EJ·TRGPUVÒEM *1.< 6CHGN -.'& 0+// 1#0 1'- 4#/ 5 8'40 XCT 81.. XCT 44 +p++

W­GTUV JGTXQTTCIGPFG #PHGTVKIWPI KP 4QV WPF )GNDIQNF WO .CWV 8QNNG YWTFGP KP FGT <GKV XQP DKU PWT )TQ­MTGW\G XGTNKGJGP

7024 1:1

7023 1:1

7023 1:1

1TFGP XQO <·JTKPIGT .ÌYGP -QOVWTMTGW\ )QNF GOCKNNKGTV 'OCKNNGTGRCTCVWT KO 8QTFGTUGKVGP\GP VTWO HGKPUVG 'OCKNNGOCNGTGK )NCUHNW­ FKGUGT VGKNYGKUG XGTMTCV\V CWH FGT 4ÒEMUGKVG HGJNV FGT 5EJYCP\ FGU .ÌYGP CWH FGO WPVGTGP -TGW\CTO 5EJKNFEJGP OKV < QJPG $CPF *1.< 6CHGN -.'& 0+// 1#0 1'- 4#/ 5 8'40 81..

4 ++p+++

1TFGP XQO <·JTKPIGT .ÌYGP 4KVVGTMTGW\ -NCUUG )QNF VGKNYGKUG GOCKNNKGTV )NCUHNW­ HGKPUVG 'OCKNNGOCNGTGK CO CNVGP \GKVIGPÌUUKUEJGP 1TKIKPCNDCPF *1.< 6CHGN XCT -.'& 0+// XCT 1#0 XCT 1'- XCT 4#/ 5 8'40 81.. XCT

8QP ITQ­GT 5GNVGPJGKV ++

9QJN GKPG (GTVKIWPI FGT (KTOC ,QUGRJ <WDGT KP 2HQT\JGKO WO

5GJT CNVGU WPF UQOKV JQEJUGNVGPGU 'ZGORNCT CWU FGT <GKV WO KP CNNGTDGUVGT #PHGTVKIWPIUSWCNKV·V OKV CNNGTHGKPUVGT 'OCKNNGOCNGTGK WPF CDIGTWPFGVGP -CPVGP FGT )NCUHNW­UVGKPG .CWV 8QNNG YWTFGP KP FGT <GKV XQP DKU PWT 4KVVGTMTGW\G XGTNKGJGP YQXQP FKG CNNGTOGKUVGP PCEJ FGO 6QFG FGT $GNKGJGPGP CP FKG 1TFGPUMCP\NGK \WTÒEMIG UVGNNV YQTFGP UGKP FÒTHVGP

17

7025 1:1

7027

7026

1TFGP XQO <·JTKPIGT .ÌYGP 4KVVGTMTGW\ -NCUUG CD )QNF VGKNYGKUG GOCKNNKGTV )NCUHNW­ 'OCKNNGOCNGTGK CO CNVGP 1TKIKPCNDCPF *1.< 6CHGN XCT -.'& XCT 0+// XCT 1#0 XCT 1'- 4#/ 5 8'40 81..

4 +p

*GTXQTTCIGPFGU HTÒJGU WPF UGNVGPGU 'ZGORNCT OKV SWGTUVGJGPFGT ¤UG HNCEJGO <[NKPFGT UGJT HGKPGT 'OCKNNGOCNGTGK OKV TQUC *KPVGTITWPF WPF UEJÌPGT CNVGT 2CVKPC CO QTKIKPCN \GKVIGPÌUUKUEJGP 5GKFGPDCPF WO

7028

7029 1:1

1TFGP XQO <·JTKPIGT .ÌYGP 8GTFKGPUVMTGW\ 5KNDGT XGTIQNFGV CO $CPF FGU /KNKV·TKUEJGP -CTN (TKGFTKEJ 8GTFKGPUVQTFGPU *1.< 6CHGN -.'& 0+// 1'- 4#/ 5 8'40 81.. ++

'TKPPGTWPIUMTGW\ HÒT HTGKYKNNKIG -TCPMGPRHNGIG ņ )QNFDTQP\G CO UR·VGTGP $CPF *';& *1.< 6CHGN *75 -.'& 0+// 1'- 4#/ 5 5%*'/ 8'40 81.. ++

(CJPGPOGFCKNNG FGU $CFKUEJGP /KNKV·T 8GTGKPU 8GTDCPFGU 5KNDGTPG /GFCKNNG 5KNDGT QJPG $CPF *1.< -.'& 0+// 1'- 8'40 81.. D +

'U JCPFGNV UKEJ JKGTDGK WO GKPG UVCCVNKEJG #WU\GKEJPWPI FKG XQO $CFKUEJGP /KNKV·T 8GTGKPU 8GTDCPF CP FKG FGO 8GTDCPF CPIGJÌTGPFGP /KNKV·T 8GTGKPG \WT #PDTKPIWPI CP FGTGP 8GTGKPUHCJPGP XGTIGDGP YWTFG

$#;'40 -¤0+)4'+%*

*CWU 4KVVGT 1TFGP XQO JN *WDGTVWU $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP 5KNDGT )QNF RNCVKGTV WPF )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG OKV 4GUVXGTIQNFWPI *GTUVGNNGTDG\GKEJPWPI FGU ,WYGNKGTU 'FW CTF 3WGNNJQTUV KP /ÒPEJGP -.'& .'5 6CHGN 0+// XCT 1#0 1'- 5%*4$ 8'40 9#.& 4 +p

5VGTP XQP JGTXQTTCIGPFGT #PHGTVKIWPIUSWCNKV·V WO

18

7031 1:1

7030 1:1

7030 1:1

%JWTHÒTUVNKEJ 2H·N\KUEJGT .ÌYGP 4KVVGT 1TFGP 4GFWMVKQP FGU 1TFGPUMTGW\GU $TQP\G XGTIQNFGV GOCKNNKGTV &WTEJOGUUGT OO QJPG $CPF XIN 0+// XIN 5%*4$

8QP ITQ­GT 5GNVGPJGKV ++

7PUGTGT /GKPWPI JCPFGNV GU UKEJ JKGTDGK WO GKPG \GKVIGPÌUUKUEJ CPIGHGTVKIVG WPF UQOKV GZVTGO UGNVGPG 4GFWMVKQP FGU 1TFGPUMTGW\GU

%JWTHÒTUVNKEJ 2H·N\KUEJGT .ÌYGP 4KVVGT 1TFGP )GUVKEMVGT $TWUVUVGTP 5KNDGTUVKEMGTGK OKV 2CKNNGVVGP \YGK 5VGTPURKV\GP GVYCU UEJCFJCHV NGKEJV IGFWPMGNV #DFGEMRCRKGT QTKIKPCN GTJCNVGP LGFQEJ PKEJV OGJT ICP\ XQNNUV·PFKI -.'& 0+// 1'- 5%*4$ XCT 8'40

8QP ITQ­GT 5GNVGPJGKV ++p+++

(GKPG #PHGTVKIWPI CWU FGT 'PF\GKV FGU 1TFGPU DKU 'ZVTGO ITQ­G 5GNVGPJGKV WPF MCWO YKGFGT \W DGUEJCHHGP

19

7032 1:1

/KNKV·T /CZ ,QUGRJ 1TFGP 4GFWMVKQP FGU )TQ­MTGW\GU )QNF GOCKNNKGTV *ÌJG GKPUEJNKG­NKEJ -TGW\ CWH FGT -TQPG OO $TGKVG OO QJPG $CPF -.'& .'5 6CHGN XCT 0+// 1#0 1'- 4#/ 5 5%*4$ XCT 8'40 8QP ITQ­GT 5GNVGPJGKV +p++

/ÌINKEJGTYGKUG JCPFGNV GU UKEJ JKGTDGK WO GKPG 4GFWMVKQP HTCP\ÌUKUEJGT #PHGTVKIWPI CWU FGT CNNGTGTUVGP 8GTNGKJWPIU \GKV FGU 1TFGPU DKU 8QP -TCOGT WPF XQP 9CNFGPHGNU XQP -TCOGT 4WFQNH WPF (TGKJGTT XQP 9CNFGPHGNU 1VVQ &GT MÌPKINKEJ DC[GTKUEJG /KNKV·T /CZ ,QUGRJ 1TFGP -TKGIUVCCVGP WPF 'JTGPDWEJ /ÒPEJGP IGDGP

QJPG FKTGMVG 3WGNNGPCPICDG HÒT FKG <GKV XQO DKU \WO GKPG <CJN XQP 8GTNGKJWPIGP XQP )TQ­MTGW\GP CP HTCP\ÌUKUEJG 6T·IGT CP FCTWPVGT CP FGP /CTUEJCNN 1WFKPQV *GT\QI XQP 4GIIKQ &CU 6TCIGP XQP 4GFWMVKQPGP YCT XQT CNNGO KP (TCPMTGKEJ ·W­GTUV RQRWN·T

7033 1:1

8GTFKGPUVQTFGP XQO JN /KEJCGN )TQ­MTGW\ )QNF GOCKNNKGTV QJPG *GTUVGNNGTDG\GKEJPWPI OKV EC EO NCPIGO 5EJ·TRGPUVÒEM FGU GTUVGP 6[RU -.'& .'5 6CHGN 0+// 1#0 1'- 4#/ 5 5%*4$ 8'40 9#.& 44 + 2TCEJVGZGORNCT KP CDUQNWVGT $GUVGTJCNVWPI

20

7034 1:1

8GTFKGPUVQTFGP XQO JN /KEJCGN -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJ TGTG 'OCKNNGEJKRRU WPF 5RTÃ&#x2019;PIG CWH FGT 8QTFGT WPF 4Ã&#x2019;EMUGKVG QJPG 5EJWNVGTDCPF -.'& .'5 6CHGN C D 0+// 1#0 1'- 4#/ 5 5%*4$ XCT 8'40 9#.& XCT ++p+++

ex 7036

ex 7036 7035 1:1

8GTFKGPUVQTFGP XQO JN /KEJCGN $TWUVUVGTP -NCUUG 5KNDGT TGRGTEKGTV VGKNYGKUG XGT IQNFGV WPF GOCKNNKGTV CP 0CFGN -.'& .'5 6CHGN 0+// 1#0 1'- 4#/ 5 5%*4$ 8'40 9#.& XCT +p++

/KNKV·TXGTFKGPUVMTGW\ FGU /KNKV·TXGTFKGPUVQTFGPU /QFGNN -TGW\ -NCUUG FKG HTÃ&#x2019;JGT XQTJCPFGPGP 5EJYGTVGT GPVHGTPV $TQP\G XGTIQNFGV OKV GEJV IQNFGPGO 8QTFGTUGKVGPOGFCKNNQP OKV $CPF KO 1TKIKPCNGVWK FGT (KTOC 9GKUU %Q /Ã&#x2019;PEJGP &C\W 6TGWFKGPUV 'JTGP\GKEJGP HÃ&#x2019;T ,CJTG KO 'VWK FGT (KTOC 5QWXCN KP 9KGP *';& XCT *75 XCT -.'& 0+// XCT 1'- 4#/ 5 5%*4$ 8'40

5VÃ&#x2019;EM +p++

6TQV\ FGT 'PVHGTPWPI FGT 5EJYGTVGT KPVGTGUUCPVG DKUJGT PKEJV RWDNK\KGTVG 8CTKCPVG FGT -NCUUG FGU /KNKV·TXGTFKGPUV MTGW\GU

21

7037 1:1

/CZKOKNKCPU 1TFGP HÃ&#x2019;T 9KUUGPUEJCHV WPF -WPUV 1TFGPUMTGW\ FGT #DVGKNWPI HÃ&#x2019;T 9KUUGPUEJCHV )QNF VGKNYGKUG GOCKNNKGTV CO *CNUDCPFCDUEJPKVV -.'& .'5 6CHGN C D 0+// 1#0 1'- 5%*4$ 8'40 9#.& 44 +

.CWV 0KOOGTIWV YWTFGP QJPG FKTGMVG 3WGNNGPCPICDG XQP DKU 8GTNGKJWPIGP WPF XQP DKU 8GTNGKJWPIGP XQTIGPQOOGP

7038

22

6JGTGUKGP 1TFGP -TGW\ FGT 1TFGPUFCOGP )QNF GOCKNNKGTV \WUCOOGP OKV EC EO NCPIGO 5EJ·T RGPUVÃ&#x2019;EM -.'& .'5 6CHGN 0+// 1#0 1'- 5%*4$ 8'40 9#.& +p++

7039 1:1

7040

7041 1:1

5V #PPC 1TFGP -TGW\ FGU 5V #PPC 5VKHVGU \W /ÒPEJGP )QNF GOCKNNKGTV OKV 'OCKNNGUEJTKHV CP $CPF UEJNGKHG \WUCOOGP OKV DGUEJPKVVGPGT 1TKIKPCNUEJ·TRG -.'& .'5 6CHGN C D 0+// 1#0 1'- 5%*4$ 8'40 9#.& +p++

7PDGMCPPVGU 'JTGPMTGW\ $TQP\G XGTIQNFGV 8QTFGTUGKVG OKV -CNVGOCKNNG CWH FGT 4ÒEMUGKVG +0 64'7' ('56 QJPG $CPF ++

1D GU UKEJ JKGTDGK WO GKPG -TKGIGTXGTGKPU #WU\GKEJPWPI GKP 6TCFKVKQPU 'JTGP\GKEJGP QFGT WO UQPUV GKPG FGTCTVKIG #WU\GKEJPWPI JCPFGNV DNGKDV FGT 5RGMWNCVKQP WPF FGO 9KUUGP FGU 5COONGTU ÒDGTNCUUGP

$4#705%*9'+) *'4<1)67/

*GT\QINKEJ $TCWPUEJYGKIKUEJGT 1TFGP *GKPTKEJ FGU .ÌYGP )TQ­MTGW\ )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV UGJT UEJÌPG 'OCKNNGOCNGTGK OKP #DRNCV\WPI KP FGT YGK­GP 'OCKNNG GKPGU FGT *ÌTPGT KO <GPVTWO QJPG 5EJWNVGTDCPF )751 5 -.'& 0+// 1#0 1'- 4#/ 5 4'%- XCT 8'40 4 +p

7PUGTGT /GKPWPI JCPFGNV GU UKEJ JKGTDGK WO GKP HTÒJGU 'ZGORNCT FGU *QHLWYGNKGTU # .GOOG FGT NCWV 4GEMGYGNN KP FGP ,CJTGP XQP DKU )TQ­MTGW\G IGHGTVKIV JCV

23

7042 1:1

*GT\QINKEJ $TCWPUEJYGKIKUEJGT 1TFGP *GKPTKEJ FGU .ÌYGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT CWH FGT 4ÒEMUGKVG XGTIQNFGV #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #WIWUV .GOOG KP *CPPQXGT CP XGTIQNFGVGT 5KNDGTPCFGN )751 5 -.'& 0+// XCT 1#0 1'- 4#/ 5 4'%- 8'40 +p++

.CWV 4GEMGYGNN HGTVKIVG .GOOG KP FGP ,CJTGP DKU KPUIGUCOV $TWUVUVGTPG

7043 1:1

9CVGTNQQ /GFCKNNG $TQP\G OKV 4CPFRT·IWPI #7) 5#0&'4 +#') $#6 CO UR·VGTGP $CPF $$/ )751 5 *';& *75 -.'& /;$ 0+// 1'- 4#/ 5 4'%- 8'40 ++p+++

7044

24

-TKGIUXGTFKGPUVMTGW\ HÒT (TCWGP WPF ,WPIHTCWGP $TQP\G CP UR·VGTGT &COGPUEJNGKHG )751 5 *75 -.'& 0+// 1'- 4#/ 5 4'%- 5%*'/ 8'40

7045 1:1

*#0018'4 -¤0+)4'+%*

)WGNRJGP 1TFGP )TQ­MTGW\ )QNF HGKPUV \KUGNKGTV VGKNYGKUG GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK QJPG 5EJWNVGTDCPF )751 5 HH -.'& /;$ 0+// 1#0 XCT 1'- 4#/ 5 52+0- 6*+*# 8'40 4 +

(GKPUVG #PHGTVKIWPI WO 6JKGU *CRMG IGDGP HÒT FKG DTKVKUEJG 8GTNGKJWPIU\GKV GKPG 8GTNGKJWPIU\CJN XQP \KXKNGP )TQ­MTGW\GP HÒT FKG 4GIKGTWPIU\GKV 'TPUV #WIWUVU OKV WPF QJPG 5EJYGTVGTP XQP CP +PN·PFGT WPF CP #WUN·PFGT WPF HÒT FKG <GKV XQP DKU WPVGT )GQTI 8 CP +P WPF CP #WUN·PFGT CP DGVQPGP CDGT FCUU FKG #MVGP NÒEMGPJCHV UGKGP WPF UKEJ HÒT FKG <GKV XQP DKU MGKPG IGPCWGP 7PVGTNCIGP XQTNKGIGP 5KG MQOOGP UQOKV CWH GKPG 8GTNGKJWPIU\CJN XQP KPUIGUCOV )TQ­MTGW\GP CD WPF HÒJTGP UEJNWU UGPFNKEJ CWU FCUU FGO 8GTNGKJWPIUUEJNÒUUGN GPVURTGEJGPF FKG YCJTG 8GTNGKJWPIU\CJN WO EC DKU JÌJGT NKGIGP FÒTHVG

7046 1:1

)WGNRJGP 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV 'OCKNNGOC NGTGK OKV GEJV IQNFGPGO 0CFGNU[UVGO )751 5 HH -.'& /;$ 0+// XCT 1#0 XCT 1'- 4#/ 5 52+0- 6*+*# XCT 8'40 4 +p++

5GJT UEJÌP IGCTDGKVGVGT $TWUVUVGTP OKV HGKPUV IWKNNQEJKGTVGO /KVVGNOGFCKNNQP $TKVKUEJG #PHGTVKIWPI CWU FGT /KVVG FGU ,CJTJWPFGTVU

25

7047 1:1

)WGNRJGP 1TFGP )TQ­MTGW\ OKV 5EJYGTVGTP )QNF HGKPUV \KUGNKGTV VGKNYGKUG GOCKNNKGTV HGKPUVG 'OCKN NGOCNGTGK QJPG 5EJWNVGTDCPF )751 5 HH -.'& /;$ 0+// XCT 1#0 1'- 4#/ 5 52+0- 6*+*# 8'40 44 +

(GKPUVG #PHGTVKIWPI WO 6JKGU *CRMG IGDGP HÒT FKG DTKVKUEJG 8GTNGKJWPIU\GKV GKPG 8GTNGKJWPIU\CJN XQP OKNKV·TKUEJGP )TQ­MTGW\GP HÒT FKG 4GIKGTWPIU\GKV 'TPUV #WIWUVU OKV WPF QJPG 5EJYGTVGTP XQP CP +PN·PFGT WPF CP #WUN·PFGT WPF HÒT FKG <GKV XQP DKU WPVGT )GQTI 8 CP +P WPF CP #WUN·PFGT CP DGVQPGP CDGT FCUU FKG #MVGP NÒEMGPJCHV UGKGP WPF UKEJ HÒT FKG <GKV XQP DKU MGKPG IGPCWGP 7PVGTNCIGP XQTNKGIGP 5KG MQOOGP UQOKV CWH GKPG 8GTNGKJWPIU\CJN XQP KPUIGUCOV )TQ­MTGW\GP CD WPF HÒJTGP UEJNWUUGPFNKEJ CWU FCUU FGO 8GTNGKJWPIUUEJNÒUUGN GPVURTGEJGPF FKG YCJTG 8GTNGKJWPIU\CJN WO EC DKU JÌJGT NKGIGP FÒTHVG

7048 1:1

)WGNRJGP 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ OKV 5EJYGTVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKN NKGTV FKG TQVG 'OCKNNKGTWPI FGT .QTDGGTDGGTGP HGJNV ITÌ­VGPVGKNU MCWO UKEJVDCTG 'OCKNNGOCNGTGK KO /KVVGNOGFCKNNQP 'OCKNNGOCNGTGK OKV GEJV IQNFGPGO 0CFGNU[UVGO )751 5 HH -.'& /;$ 0+// XCT 1#0 XCT 1'- 4#/ 5 52+0- 6*+*# XCT 8'40 ++p

5GJT UEJÌP IGCTDGKVGVGT $TWUVUVGTP OKV HGKPUV IWKNNQEJKGTVGO /KVVGNOGFCKNNQP $TKVKUEJG #PHGTVKIWPI CWU FGT /KVVG FGU ,CJTJWPFGTVU

26

7049 1:1

)WGNRJGP 1TFGP $TWUVUVGTP \WO -QOOCPFGWTMTGW\ OKV 5EJYGTVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF \CJNTGKEJG #DRNCV\WPIGP KP FGT ITÒPGP 'OCKNNG FGU .QTDGGTMTCP\GU CWH FGT 4ÒEMUGKVG OGJTHCEJG 4GRC TCVWTGP FWTEJ #PDTKPIWPI XQP )GIGPRNCVVGP *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4WPFGNN $TKFIG 4WP FGNN KP .QPFQP )751 5 HH -.'& /;$ 0+// XCT 1#0 1'- 4#/ 5 52+0- 6*+*# 8'40 ++

5GJT HGKPG #PHGTVKIWPIUSWCNKV·V .CWV *GTUVGNNGTDG\GKEJPWPI CWU FGT <GKV FGT 4GIKGTWPI FGU 2TKP\TGIGPVGP )GQTI FGT XQP DKU HÒT UGKPGP IGKUVGUMTCPMGP 8CVGT -ÌPKI )GQTI +++ TGIKGTVG 'U JCPFGNV UKEJ WO GKPG \GKVIGPÌUUK UEJG <YGKVCPHGTVKIWPI FC QHHK\KGNN DKU \WO ,CJTG IGUVKEMVG $TWUVUVGTPG XGTNKGJGP YWTFGP

7050 1:1

7051 1:1

)WGNRJGP 1TFGP 4KVVGTMTGW\ 6[R OKV UGJT FGVCKNNKGTV IGUVCNVGVGT -TQPG ÒDGT FGO 4ÒEMUGKVGPOQPQ ITCOO )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CO $CPF )751 5 HH -.'& /;$ 0+// 1#0 XCT 1'- 4#/ 5 52+0- 6*+*# 8'40 +p++

&KG #WUHÒJTWPI FGU 5VÒEMU N·UUV CWH GKPG 'PVUVGJWPIU\GKV WO EC UEJNKG­GP 6JKGU *CRMG IGDGP HÒT FKG 4GIKG TWPIU\GKV 'TPUV #WIWUVU GKPG 8GTNGKJWPIU\CJN OKV WPF QJPG 5EJYGTVGT XQP CP +P WPF CP #WUN·PFGT WPF HÒT FKG <GKV XQP DKU WPVGT )GQTI 8 CP +P WPF CP #WUN·PFGT CP DGVQPGP CDGT FCUU FKG #MVGP NÒEMGPJCHV UGKGP WPF UKEJ HÒT FKG <GKV XQP DKU MGKPG IGPCWGP 7PVGTNCIGP XQTNKGIGP 5KG MQOOGP UQOKV CWH GKPG 8GTNGKJWPIU\CJN XQP KPUIGUCOV 4KVVGTMTGW\GP CD WPF HÒJTGP UEJNWUUGPFNKEJ CWU FCUU FGO 8GTNGKJWPIUUEJNÒUUGN GPVURTGEJGPF FKG YCJTG 8GTNGKJWPIU\CJN WO EC DKU JÌJGT NKGIGP FÒTHVG

)WGNRJGP 1TFGP 4KVVGTMTGW\ 6[R OKV GKPHCEJ IGUVCNVGVGT -TQPG ÒDGT FGO 4ÒEMUGKVGPOQPQITCOO )QNF GOCKNNKGTV OKP 'OCKNNGCWUDTWEJ CO QDGTGP 4CPF FGU /GFCKNNQP\GPVTWOU FGT 8QTFGTUGKVG HGKPUVG 'OCKNNGOCNGTGK CO UR·VGTGP XGTUEJOWV\GP $CPF )751 5 HH -.'& /;$ 0+// 1#0 XCT 1'- 4#/ 5 52+0- 6*+*# 8'40 ++

&KG #WUHÒJTWPI FGU 5VÒEMU N·UUV CWH GKPG 'PVUVGJWPIU\GKV WO EC UEJNKG­GP 6JKGU *CRMG IGDGP HÒT FKG 4GIKG TWPIU\GKV 'TPUV #WIWUVU GKPG 8GTNGKJWPIU\CJN OKV WPF QJPG 5EJYGTVGT XQP CP +P WPF CP #WUN·PFGT WPF HÒT FKG <GKV XQP DKU WPVGT )GQTI 8 CP +P WPF CP #WUN·PFGT CP DGVQPGP CDGT FCUU FKG #MVGP NÒEMGPJCHV UGKGP WPF UKEJ HÒT FKG <GKV XQP DKU MGKPG IGPCWGP 7PVGTNCIGP XQTNKGIGP 5KG MQOOGP UQOKV CWH GKPG 8GTNGKJWPIU\CJN XQP KPUIGUCOV 4KVVGTMTGW\GP CD WPF HÒJTGP UEJNWUUGPFNKEJ CWU FCUU FGO 8GTNGKJWPIUUEJNÒUUGN GPVURTGEJGPF FKG YCJTG 8GTNGKJWPIU\CJN WO EC DKU JÌJGT NKGIGP FÒTHVG

27

7053

7053

7052 Å 1:1

)QNFGPG 8GTFKGPUVOGFCKNNG /QFGNN 2TKP\TGIGPV )GQTI )QNF OKV GKPGO )QNFTCJOGP WOURCPPV

FGT YCJTUEJGKPNKEJ \WT (KZKGTWPI FGT PKEJV OGJT XQTJCPFGPGP )NCUMCRUGN FKGPVG FCTCWH FKG 6T·IGT ITCXWT &'+%*)4 (' #&81%#6 ( $1*.'0 \W 1'40&14( FKG 6TCIGÌUG NGKEJV XGTDQIGP QJPG $CPF *75 -.'& 0+// XCT 1'- 6*+*# 8'40

8QP ITQ­GT 5GNVGPJGKV ++p+++

0QTOCNGTYGKUG XGTHÒIV FKG /GFCKNNG ÒDGT GKPGP 4CJGPDÒIGN \WT 6TCIGYGKUG OKV GKPGO $CPF CWH FGT $TWUV &KG 6TCIGÌUG WPF FGTGP )GUVCNVWPI N·­V FCTCWH UEJNKG­GP FC­ FKGUG /GFCKNNG CP GKPGT -GVVG WO FGP *CNU IGVTCIGP YQTFGP UGKP MÌPPVG &C­ FGT $GNKGJGPG GKP YKEJVKIGU ÌHHGPVNKEJGU #OV P·ONKEJ FCU FGU &GKEJITCHGP KPPGJCVVG DGUV·VKIV FKGUG 8GTOWVWPI

(4'+' *#05'56 &6' )'/'+05#/

)GOGKPUCOG -TKGIUFGPMOÒP\G HÒT FKG *CPUGCVKUEJG .GIKQP &GPMOÒP\G KP 5KNDGT PKEJV VTCIDCT 5KNDGT &WTEJOGUUGT OO )#. 5 )751 5 XCT *';& *75 C XCT -.'& XCT 0+// XCT 1'- XCT 8'40 ++

7055 1:1

7055 1:1 7054

*'55'0 )4155*'4<1)67/

/KNKV·T 5CPKV·VUMTGW\ $TQP\G CO HCNUEJGP $CPF *';& *75 -.'& 0+// 1'- 8'40 9#.& ++p

*'55'0 -74(ª456'067/

9KNJGNOU 1TFGP )TQ­MTGW\ D\Y -QOVWTMTGW\ )QNF GOCKNNKGTV OKP MCWO UKEJVDCTGT %JKRR KP FGT 7OUEJTKHV FGU 8QTFGTUGKVGPOGFCKNNQPU 5KNDGT QJPG $CPF *'-7 C -.'& 0+// 1#0 1'- 8'40 4 +p++

*GTXQTTCIGPF IGCTDGKVGVGU WPF HGKPUV \KUGNKGTVGU 'ZGORNCT )TQ­ WPF -QOVWTMTGW\ UKPF KP )TÌ­G WPF )GUVCNVWPI KFGPVKUEJ 0CEJ 5CWGT YWTFGP KP FGP ,CJTGP FGU $GUVGJGPU FGU 1TFGPU XQP DKU KPUIGUCOV )TQ­MTGW\G -QOVWTG -NCUUG WPF -QOVWTG -NCUUG UQOKV PWT 'ZGORNCTG FKGUGU -TGW\GU XGTNKGJGP

28

7056

7057

-TKGIUFGPMOÒP\G &GPMOÒP\G HÒT -·ORHGT $TQP\G CWH FGT 4ÒEMUGKVG OKP )W­HGJNGT CO CNVGP QTKIKPCN IGP·JVGP NCPIGP $CPF *'-7 *';& *75 -.'& 0+// 1'- 8'40 +p++

5GNVGP \W HKPFGP OKV FGO QTKIKPCN WPF CDUQNWV HCTDHTKUEJ GTJCNVGPGO 1TKIKPCNDCPF

*1*'0<1..'40 (ª456'06ª/'4

(ÒTUVNKEJ *QJGP\QNNGTPUEJGT *CWUQTFGP /QFGNN 'JTGPMTGW\ -NCUUG OKV 5EJYGTVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV GVYCU XGTUEJOWV\V CO UR·VGTGP $CPF -.'& .+0- 0+// 1#0 1'- 4#/ 5 8'40 ++

.KPM )CWIIGN IGDGP QJPG FKTGMVG 3WGNNGPCPICDG KPUIGUCOV 8GTNGKJWPIGP CP YQDGK CWH FKG <GKV XQP DKU (ÒTUV (TKGFTKEJ 9KNJGNO %QPUVCPVKP WPF (ÒTUV %CTN #PVQP GPVHCNNGP CWH FKG <GKV XQP DKU

(ÒTUV %CTN #PVQP WPF CWH FKG <GKV XQP DKU (ÒTUV 9KNJGNO 7PVGT (ÒTUV .GQRQNF DKU YWTFG FKGUG -NCUUG PKEJV OKV 5EJYGTVGTP XGTNKGJGP

7059 1:1

7058 1:1

.+/$74) 56;47/ )4#(5%*#(6

1TFGP FGU #NVGP #FGNU QFGT FGT 8KGT 4ÌOKUEJGP -CKUGT <YGKVG 2GTKQFG EC $TWUVUVGTP \WO )TQ­MTGW\ #WUHÒJTWPI OKV 'PIGN CWH FGT TGEJVGP 5GKVG 5KNDGT OKV )QNF RNCVVKGTV TGRGTEKGTV #WH NCIGP )QNF VGKNYGKUG GOCKNNKGTV \YGK MNGKPG 'OCKNNGCDRNCV\WPIGP CP 0CFGN -.'& 0+// XCT 1'- 5%*115 5 HH 8'40 44 +p

&KG PCJG\W WPÒDGTVTGHHNKEJG #PHGTVKIWPIUSWCNKV·V YKG CWEJ FKG )GUVCNVWPI YGKUGP FGWVNKEJ CWH GKPG #PHGTVKIWPIU\GKV KP FGT <YGKVGP 2GTKQFG FGU 1TFGPU WO JKP 0KOOGTIWV DG\GKEJPGV GKPGP UGJT ·JPNKEJ IGHGTVKIVGP WPF DGK -NGPCW CDIGDKNFGVGP FQTV LGFQEJ OKV CPFGTGO /GFCKNNQPDKNF OKV FGO 'PIGN CWH FGT NKPMGP 5GKVG CNU PKEJV \GKVIGPÌUUKUEJ WPF KORNK\KGTV FCOKV OÌINKEJGTYGKUG FCUU GU UKEJ JKGTDGK WO GKPG (·NUEJWPI JCPFGNV $G\GKEJPGPF KUV FCUU GT \YCT GKPGP $TWUVUVGTP DGUEJTGKDV KJP CDGT PKEJV \GKIV YGUJCND CP\WPGJOGP KUV FCUU GT FGO #WVQT CWEJ PKEJV XQTIGNGIGP JCV 'T GTY·JPV CWEJ KP FGT 'KPHÒJTWPI \W FKGUGO 1TFGP FCUU GT KP 2CTKU XGTNKGJGP YQTFGP KUV WPF FCUU FKG )G UEJ·HVURTCMVKMGP GTUV FWTEJ 1TFQPPCP\GP -ÌPKI .WFYKIU :8+++ XQO /·T\ WPF XQO #RTKN WPVGT DWPFGP YWTFGP UKPF

1TFGP FGU #NVGP #FGNU QFGT FGT 8KGT 4ÌOKUEJGP -CKUGT <YGKVG 2GTKQFG EC 4KVVGT MTGW\ )QNF GOCKNNKGTV OGJTGTG MNGKPG $GUEJ·FKIWPIGP KP FGT 'OCKNNG KO MCPPGNKGTVGP 6TCIGTKPI HTCP \ÌUKUEJ RWP\KGTV CO CNVGP *CNUDCPF -.'& XCT 0+// 1'- 5%*115 5 HH 8'40 4

#WHITWPF FGT 'OCKNNGTKUUG UQYKG FGT #DRNCV\WPI KP FGT DNCWGP 'OCKNNG FGU 4ÒEMUGKVGP\GPVTWOU MCPP WP\YGKHGNJCHV HGUVIGUVGNNV YGTFGP FC GU UKEJ DGK FKGUGO 'ZGORNCT WO FCU DGK 0KOOGTIWV WPVGT FGT 0WOOGT CDIGDKNFGVG -TGW\ JCPFGNV 'T UEJTGKDV GU LGFQEJ FGT GTUVGP 2GTKQFG \W WPF ÒDGTUKGJV FCDGK FKG HTCP\ÌUKUEJG 2WP\KG TWPI CWU FGT <GKV FGT \YGKVGP 4GUVCWTCVKQP KP (TCPMTGKEJ

29

7060 1:1

1TFGP XQO .ÌYGP XQP .KODWTI D\Y 1TFGP 5V 2JKNKRRU \WO .ÌYGP XQP .KODWTI <YGKVG 2GTKQFG

EC 4KVVGTMTGW\ )QNF GOCKNNKGTV MNGKPG 'OCKNNGCDRNCV\WPI CWH FGO .ÌYGP KO 6TCIGTKPI HTCP\ÌUKUEJ RWP\KGTV CO $CPF -.'& XCT 0+// 1'- 8'40 +p++

#WEJ FKGUGU -TGW\ YKTF XQP 0KOOGTIWV FGT 'TUVGP 2GTKQFG XQP DKU \WIGUEJTKGDGP QDYQJN GU HTCP\ÌUKUEJ RWP\KGTV WPF FKGU UQICT CWH FGT #DDKNFWPI \W UGJGP KUV

7061 1:1

.+22'5%*' (ª456'06ª/'4 )'/'+05#/

'JTGPMTGW\ FGU (ÒTUVNKEJ .KRRKUEJGP )GUCOOVJCWUGU )GOGKPUCOGU /QFGNN OKV /QPQITCOO .# CWH FGT 4ÒEMUGKVG -TGW\ -NCUUG OKV -TQPG )QNF GOCKNNKGTV OKP 1DGTHN·EJGPEJKRR CWH FGT YGK­GP 'OCKNNG FGT 8QTFGTUGKVG WPF MNGKPGT 'OCKNNGCWUDTWEJ KP GKPGT -TGW\URKV\G FGU WPVGTGP -TGW \CTOU FGT 4ÒEMUGKVG CO UR·VGTGP *CNUDCPFCDUEJPKVV -.'& 0+// 1#0 1'- 4#/ 5 8'40 9#.& XCT ++

0KOOGTIWV IKDV QJPG FKTGMVG 3WGNNGPCPICDG 8GTNGKJWPIGP CP

30

7063 1:1 7062 1:1

7062 1:1

.+22' &'6/1.& (ª456'067/

1TFGP HÒT -WPUV WPF 9KUUGPUEJCHV UQIGP .KRRKUEJG 4QUG &GMQTCVKQP -NCUUG OKV FGT -TQPG CNU *CNUFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV )QNF CO *CNUDCPFCDUEJPKVV -.'& 0+// 1'- 4#/ 5 8'40 9#.& 44

0KOOGTIWV IKDV QJPG FKTGMVG 3WGNNGPCPICDG PWT 8GTNGKJWPIGP CP &KG )GUVCNVWPI WPF XQT CNNGO FKG #WUHÒJTWPI FGU /GFCKNNQP\GPVTWOU DGNGIGP FCUU GU UKEJ JKGTDGK WO GKP \GKVIGPÌUUKUEJGU 1TKIKPCN JCPFGNV

/'%-.'0$74) 5%*9'4+0 )4155*'4<1)67/

*CWUQTFGP FGT 9GPFKUEJGP -TQPG $TWUVUVGTP \WO )TQ­MTGW\ OKV FGT -TQPG KP )QNF 5KNDGT #WHNC IGP )QNF GOCKNNKGTV MNGKPGT 'OCKNNGCWUDTWEJ KP FGT DNCWGP 'OCKNNG CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG \GKEJPWPI FGT (KTOC )QFGV KP $GTNKP CP 0CFGN )751 5 -.'& 0+// 1#0 1'- 4#/ 5 8'40 9#.& ++

7064

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP )TQ­MTGW\ #WUHÒJTWPI OKV UGRCTCV IGRT·IVGO WPF CWHIGNGIVGO )TGKH 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG 5EJWNVGTDCPF )751 5 -.'& 0+// 1#0 1'- 4#/ 5 8'40 9#.& +p++

)CTCPVKGTVGU 1TKIKPCNGZGORNCT

31

7067 1:1

7066

7065

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV #WUHÒJTWPI OKV UVCTM IGYÌNDVGP /KVVGNOGFCKNNQP WPF UGRCTCV CWHIGNGIVGO )TGKHGP WPF $WEJ UVCDGP CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC * 4QUG KP 5EJYGTKP WPF 5KNDGTRWP\G CP 0CFGN )751 5 -.'& 0+// 1#0 1'- 4#/ 5 8'40 9#.& +p++

5GJT UEJÌP IGHGTVKIVGU 'ZGORNCT XQT FC NCWV 0KOOGTIWV QJPG FKTGMVG 3WGNNGPCPICDG CD FKGUGO <GKVRWPMV FKG #PHGTVKIWPI FWTEJ FKG 2HQT\JGKOGT (KTOC <KOOGTOCPP GTHQNIVG

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP $TWUVUVGTP \WO )TQ­MQOVWT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV #WUHÒJTWPI OKV HNCEJGO /KVVGNOGFCKNNQP UGRCTCV CWHIGNGIVGO )TGKHGP WPF GKPIGNGIVGP $WEJUVCDGP CP 0CFGN CWH FKGUGT *GTUVGNNGTDG\GKEJPWPI FGT (KTOC * 4QUG KP 5EJYGTKP )751 5 -.'& 0+// 1#0 1'- 4#/ 5 8'40 9#.&

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP /KPKCVWT FGU -QOVWTMTGW\GU )QNF GOCKNNKGTV &WTEJOGUUGT OO QJPG $·PFEJGP )751 5 1#0 4#/ 5 +

7068

32

7069

7070

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV /KV VGNOGFCKNNQP OKV UGRCTCV CWHIGNGIVGO )TGKHGP CO $CPF )751 5 -.'& 0+// 1#0 1'- 4#/ 5 8'40 ++

5KNDGTPG 8GTFKGPUVOGFCKNNG &'/ 4'&.+%*'0 /#00' 70& &'/ )76'0 $ª4)'4 #WUHÒJ TWPI )TQ­JGT\QI (TKGFTKEJ (TCP\ 5KNDGT CO *CNUDCPFTKPI QJPG *CNUDCPF )751 5 *';& *75 -.'& 0+// 1'- 8'40 ++

/KNKV·TXGTFKGPUVMTGW\ -NCUUG HÒT (TCWGP )QNFDTQP\G CP UR·VGTGT $CPFUEJNGKHG )751 5 *75 -.'& 0+// 1'- 8'40 ++

7071

7072

/KNKV·TFKGPUVMTGW\ FGT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP D\Y /QFGNN -TGW\ HÒT :8 &KGPUVLCJTG -WRHGT /GFCKNNQPU 5KNDGT CO UR·VGTGP $CPF )751 *';& *75 D\Y -.'& 0+// D\Y 1'- D\Y 8'40 ++

/KNKV·TFKGPUVMTGW\ FGT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP /QFGNN -TGW\ HÒT +: &KGPUVLCJTG -WRHGT CO UR·VGTGP $CPF )751 *';& *75 -.'& 0+// 1'- 8'40 ++

&CU -TGW\ HÒT +: &KGPUVLCJTG FGU /QFGNNU YGKUV GKPGP 2WPMV PCEJ FGT TÌOKUEJGP <KHHGT CWH $GK FGO XQTNKGIGP 'ZGORNCT KUV MGKP UQNEJGT 2WPMV \W UGJGP YGUJCND GU GKPFGWVKI FGO /QFGNN \W\WQTFPGP KUV &KG &CTUVGNNWPI 0KOOGTIWVU 5GKVG FCU /KNKV·TFKGPUVMTGW\ -NCUUG HÒT &KGPUVLCJTG UGK WPXGT·PFGTV YGKVGT XGTNKGJGP YQTFGP VTKHHV UQOKV PKEJV \W

7073 1:1

0#55#7 *'4<1)67/

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN )TQ­MTGW\ OKV 5EJYGTVGTP )QNF 5KNDGT GOCKNNKGTV # KO <GPVTWO GKPIGNGIV OKP -TCV\GT KP FGT YGK­GP 'OCKNNG FGT 4ÒEMUGKVG QJPG 5EJWNVGTDCPF -.'& 0+// 1'- 5%*115 5 HH 8'40

44 +p++

#PHGTVKIWPI FGT (KTOC % / 9GKUJCWRV 5ÌJPG )GO·­ 5EJQQU UKPF XQP DKU KPUIGUCOV PWT )TQ­ MTGW\G WPF )TQ­MTGW\G OKV 5EJYGTVGTP XGTNKGJGP YQTFGP

33

7074 1:1

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN $TWUVUVGTP \WO )TQ­ MTGW\ OKV 5EJYGTVGTP 5KNDGT VGKNYGKUG XGTIQNFGV <GPVTWO )GND WPF 4QVIQNF # KO <GPVTWO CWHIG NGIV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC % / 9GKUJCWRV 5ÌJPG CP 0CFGN -.'& 0+// 1'- 5%*115 5 HH 8'40 44 +p++

)GO·­ 5EJQQU UKPF XQP DKU KPUIGUCOV PWT )TQ­MTGW\G WPF )TQ­MTGW\G OKV 5EJYGTVGTP XGTNKGJGP YQTFGP

7075 1:1

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN $TWUVUVGTP \WO -QOVWTMTGW\ -NCUUG 5KNDGT HGKPUV TGRGTEKGTV VGKNYGKUG XGTIQNFGV <GPVTWO )QNF GOCKNNKGTV # KO <GPVTWO GKPIGNGIV CP 0CFGN -.'& 0+// 1'- 5%*115 5 HH 8'40

44 ++

)GO·­ 5EJQQU UKPF XQP DKU KPUIGUCOV PWT -QOVWTMTGW\G -NCUUG OKV WPF QJPG 5EJYGTVGTP XGTNKGJGP YQTFGP

7076

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN -TGW\ -NCUUG 5KNDGT <GPVTGP )QNF GOCKNNKGTV QJPG $CPF -.'& 0+// 1'- 5%*115 6CHGN .:8+ 8'40 44 +p++ 5EJQQU PGPPV 8GTNGKJWPIGP HÒT FCU -TGW\ OKV WPF QJPG 5EJYGTVGTP \WUCOOGP

34

7078

7078

7077 Å 1:1

%KXKNXGTFKGPUVOGFCKNNG /QFGNN LÒPIGTGU 2QTVTCKV *GT\QI #FQNRJU UQ XGTNKGJGP )QN FGPG /GFCKNNG )QNF &WTEJOGUUGT OO EC IT KO *CNUCDUEJPKVV 5VGORGNUEJPGKFGT <1../#00 OKV YGPKI UCEJMWPFKI GKPIGHÒIVGO NGKEJV XGTDQIGPGP 6TCIGDÒIGN FCFWTEJ OKP #WU DGWNWPI KO (GNF FGT 8QTFGTUGKVG QJPG $CPF *';& *75 +5' -.'& 0+// 1'- 5%*115 6CHGN :::++ 8'40 8QP ITQ­GT 5GNVGPJGKV ++

*G[FGP IKDV QJPG 3WGNNGPCPICDG 8GTNGKJWPIGP CP 'T UEJTGKDV FCUU FKG /GFCKNNG WTURTÒPINKEJ PKEJV \WO 6TCIGP DGUVKOOV YCT 'TUV CD FGO (GDTWCT JCDG FGT *GT\QI KP GKPGT /KVVGKNWPI FGU *GT\QINKEJGP 5VCCVUOKPKUVGTK WOU IGUVCVVGV FCUU FKG /GFCKNNGP PWPOGJT CP GKPGO QTCPIGHCTDKIGP FTGKOCN FWPMGNDNCW IGUVTGKHVGP $CPF CWH FGT NKPMGP $TWUV IGVTCIGP YGTFGP MÌPPG &GO IGIGPÒDGT HÒJTV LGFQEJ +UGPDGEM CWU FGT CWEJ XQP *G[FGP \KVKGTV YKTF FCUU CO 1MVQDGT CPIGQTFPGV YWTFG FKG PQEJ XQTT·VKIGP /GFCKNNGP WO\WRT·IGP 'U UQNNGP IQNFGPG WPF UKNDGTPG /GFCKNNGP YQXQP FKG *·NHVG OKV *GPMGNP \W XGTUGJGP OKV FGO 2TQHKN FGU *GT\QIU #FQNRJ PGW IGRT·IV YGTFGP 'ZVTGO UGNVGPGU 'ZGORNCT FGUUGP $GFGWVWPI FWTEJ FKG OKPKOCNG #WUDGWNWPI KO (GNF KP MGKPUVGT 9GKUG IGUEJO·NGTV YKTF

9CVGTNQQ /GFCKNNG 5KNDGTPG /GFCKNNG 5KNDGT CO UR·VGTGP $CPF +5' /;$ 0+// 1'- 8'40 ++

7079

7080 1:1

1.&'0$74) )4155*'4<1)67/

8GTFKGPUVMTGW\ HÒT #WHQRHGTWPI WPF 2HNKEJVVTGWG KP -TKGIU\GKVGP $TQP\G XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV QJPG $CPF $'; *';& *75 -.'& 0+// 1'- 5%*'/ 8'40 ++

.CWV $G[TGK­ IGO·­ GKPGT COVNKEJGP 8GTNGKJWPIU\CJNGPCWHUVGNNWPI XQO ,CPWCT KO 5VCCVUCTEJKX 1NFGPDWTI YWTFG FKGUGU -TGW\ PWT OCN XGTNKGJGP

24'755'0 -¤0+)4'+%*

*QJGT 1TFGP XQO 5EJYCT\GP #FNGT /KPKCVWT FGT 1TFGPMQNNCPG OKV CPJ·PIGPFGO -NGKPQF DGUVGJGPF CWU %JKHHTG WPF #FNGTINKGFGTP )QNF GOCKNNKGTV CP FGT GKPGP 5GKVG $GHGUVKIWPIUMPQRH OKV FGT *GT UVGNNGTDG\GKEJPWPI FGT (KTOC )QFGV 5QJP KP $GTNKP CP FGT CPFGTGP 5GKVG 0CFGN 4 +

(GKPUVG /KPKCVWTMQNNCPG KP JGTXQTTCIGPFGT #PHGTVKIWPIUSWCNKV·V

35

7081 1:1

1TFGP RQWT NG O¾TKVG 1TFGPUMTGW\ KP FGT #WUHÒJTWPI XQP DKU 5KNDGT OCUUKX XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG \YGK VTCIGDGFKPIVG QDGTHN·EJNKEJG 'OCKNNGCDRNCV\WPIGP CWH FGO 4CPF FGU WPVGTGP -TGW\CTOU RWP\KGTV WPF (4 CO *CNUDCPFCDUEJPKVV *1'(6 6CHGN +++ *ª52 -.'& 0+// XCT 1#0 XCT 1'- 24- D 4#/ 5 8'40 9#.& 44 ++p

#PHGTVKIWPI FGT (KTOC (TKGFN·PFGT KP $GTNKP CWU FGP DGKFGP NGV\VGP ,CJTGP FGU 'TUVGP 9GNVMTKGIGU #D YWTFGP FKG +PUKIPKGP FGU 1TFGPU CWU XGTIQNFGVGO 5KNDGT CPIGHGTVKIV WPF OKV FGT (GKPIGJCNVURWP\G IGMGPP\GKEJPGV &KG OCUUKXG #PHGTVKIWPI N·UUV FCTCWH UEJNKG­GP FCUU GU UKEJ WO GKPG #PHGTVKIWPI FGU ,CJTGU JCPFGNV +PUIGUCOV YWTFGP XQP -CKUGT 9KNJGNO ++ KO 'TUVGP 9GNVMTKGI 8GTNGKJWPIGP XQTIGPQOOGP YQXQP CWH FCU ,CJT GPVHKGNGP

7082 1:1

1TFGP XQO 4QVGP #FNGT /QFGNN OKV NKNCTQVGO #FNGT -TGW\ -NCUUG )QNF GOCKN NKGTV HGKPUVG 'OCKNNGOCNGTGK MNGKPG 'OCKNNGMTCV\GT CWH FGT 8QTFGTUGKVG FGU WPVGTGP -TGW\CTOU OKV GKPITCXKGTVGT *GTUVGNNGTDG\GKEJPWPI *< CWH FGO <[NKPFGT CO UGJT MWT\GP 1TKIKPCNDCPF -.'& XCT 0+// 1#0 5 1'- 24- 4#/ 5 8'40 XCT 4 +p

(GKPUVG #PHGTVKIWPI WO *GXQTTCIGPF GTJCNVGPGU 'ZGORNCT FGU KP FKGUGT (QTO PWT CEJV ,CJTG NCPI XGTNKGJGPGP -TGW\GU

7083 1:1

1TFGP XQO 4QVGP #FNGT /QFGNN OKV NKNCTQVGO #FNGT /KPKCVWT FGU -TGW\GU -NCUUG )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK 44 + 0QEJ UGNVGPGT CNU FCU QJPGJKP UEJQP UGJT UGNVGPG -TGW\ KP 1TKIKPCNITÌ­G

36

7085 1:1

7084 1:1 7087

7086 1:1

1TFGP XQO 4QVGP #FNGT /QFGNN \GKVIGPÌUUKUEJG <YGKVCPHGTVKIWPI FGU $TWUVUVGTPU \WT -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV #FNGT WPF .QTDGGT\YGKIG UKPF PKEJV JCPFIGOCNV $WEJUVCDGP WPF $GGTGP FGT .QTDGGT\YGKIG UKPF KP )QNFOCNGTGK CWUIGHÒJTV CP 0CFGN *1'(6 6CHGN 8+ *ª52 XCT -.'& XCT 0+// XCT 1#0 XCT 1'- XCT 24- D XCT 4#/ 5 8'40 XCT 9#.& 4 +p++

1TFGP XQO 4QVGP #FNGT /QFGNN -TGW\ -NCUUG OKV 'KEJGPNCWD WPF 5EJYGTVGTP )QNF GOCKNNKGTV FKG HGKPG 'OCKNNGOCNGTGK VGKNYGKUG KP )QNFUVCWD CWUIGHÒJTV MCWO UKEJVDCTG 'OCKNNGTG RCTCVWT KO <GPVTWO OGJTGTG MNGKPG VTCIGDGFKPIVG 'OCKNNGMTCV\GT LGFQEJ MCWO UKEJVDCT CWH FGO WPVGTGP -TGW\CTO 4KV\OCTMG 9 QJPG $CPF *1'(6 *ª52 -.'& 0+// 1'- 24- C 4#/ 5 8'40 9#.& 4 +p++

1TFGP XQO 4QVGP #FNGT /QFGNN $TWUVUVGTP -NCUUG OKV 'KEJGPNCWD WPF 5EJYGTVGTP 5KNDGT #WHNCIGP )QNF 5KNDGT /GFCKNNQP VGKNYGKUG GOCKNNKGTV FKG HGKPG 'OCKNNGOCNGTGK VGKNYGKUG KP )QNFUVCWD CWUIGHÒJTV CP XGTIQNFGVGT 0CFGN FKGUG RWP\KGTV *1'(6 *ª52 -.'& 0+// 1'- 24- C 4#/ 5 8'40 9#.& 4 +p++

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN 6[R EC OKV FGT MNGKPGP RTGW­KUEJGP -ÌPKIU MTQPG -TGW\ -NCUUG )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG FGU TGEJVGP -TGW\CTOU UEJNGEJVG 'OCKNNGTG RCTCVWT QJPG *GTUVGNNGTOCTMGP CO $CPFCDUEJPKVV *1'(6 *ª52 -.'& 0+// 1'- 24- C 4#/ 5 8'40 4 ++p+++

0CEJ 0KOOGTIWV GTHQNIVGP 8GTNGKJWPIGP UQYKG 8GTNGKJWPIGP OKV FGO 5VGTP XQP DKU

37

7088 1:1 7089

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN 6[R EC OKV FGT MNGKPGP RTGW­KUEJGP -ÌPKIU MTQPG /KPKCVWT \WT -NCUUG )QNF GOCKNNKGTV CO $·PFEJGP 4#/ 5 +

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN EC -TGW\ -NCUUG )QNF GOCKNNKGTV KO <[NKPFGT RWP\KGTV 5 9 QJPG 5EJWNVGTDCPF *1'(6 *ª52 -.'& 0+// 1#0 1'- 24- C 4#/ 5 8'40 9#.& +p++

(GKPG #PHGTVKIWPI FGT (KTOC 5[ 9CIPGT KP $GTNKP CWU FGP ,CJTGP DKU EC

7091

7092 7090

7093

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN EC $TWUVUVGTP -NCUUG 5KNDGT #WHNCIGP )QNF GOCKNNKGTV ITQ­G 'OCKNNGCDRNCV\WPI KO 5EJTKHVTGKH CP XGTIQNFGVGT 5KNDGTPCFGN FKGUG RWP\KGTV *1'(6 *ª52 -.'& 0+// 1#0 1'- 24- C 4#/ 5 8'40 9#.& ++p+++

-ÌPKINKEJGT -TQPGPQTFGP /QFGN EC -TGW\ -NCUUG OKV FGO )GPHGT -TGW\ $TQP\G XGTIQNFGV )QNF VGKNYGKUG GOCKNNKGTV OKP #DURNKVVGTWPI KO XQTFGTGP 5EJTKHVTGKH CO UQ IGPCPPVGP 'TKP PGTWPIUDCPF *ª52 -.'& 0+// 1'- 24- 4#/ 5 5%*'/ 8'40

.CWV 0KOOGTIWV <KVCV PCEJ )GKNG YWTFGP KPUIGUCOV 'ZGORNCTG XGTNKGJGP

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN -TQPGP 1TFGP /GFCKNNG CD 6[R

<KPM OKV CPIGRT·IVGT PKEJV CWUIGDTQEJGPGT -TQPG 4GUVXGTIQNFWPI CP 'KPGTURCPIG *1'(6 *ª52 *75 C -.'& 0+// 1'- 24- 4#/ 5 8'40

+++

-ÌPKINKEJGT *CWUQTFGP XQP *QJGP\QNNGTP 4KVVGTMTGW\ OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKN NKGTV CWH FGO WPVGTGP -TGW\CTO RWP\KGTV WPF (4 CO $CPF *1'(6 *ª52 -.'& 0+// 1#0 1'- 24- D 4#/ 5 8'40 ++

#PHGTVKIWPI FGT (KTOC (TKGFN·PFGT KP $GTNKP \YKUEJGP WPF

38

7095 1:1

7094

,QJCPPKVGTQTFGP -TGW\ FGT 'JTGPTKVVGT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV FKG #FNGT YGKUGP \CJNTGKEJG 'OCKNNGHGJNUVGNNGP CWH CWH FGO WPVGTGP 4CPF *GTUVGNNGT\GKEJGP 9 WPF 5KNDGTRWP\G #O CNVGP *CNUDCPF FGT UEJYGFKUEJGP )GPQUUGPUEJCHV *1'(6 :+++ *ª52 -.'& 0+// XCT 1'- 24- D 8'40 9#.& ++

#PHGTVKIWPI FGT (KTOC 9CIPGT KP $GTNKP \YKUEJGP WPF +PVGTGUUCPVGT $GNGI HÒT FKG 6TCIGYGKUG FGT 4KVVGT FGT 5EJYGFKUEJGP )GPQUUGPUEJCHV XQT FGT 'KPHÒJTWPI GKIGPGT +PUKIPKGP PCEJ FGO <YGKVGP 9GNVMTKGI

.WKUGP 1TFGP #DVGKNWPI CWH FGT 4ÒEMUGKVG OKV <CJN -TGW\ -NCUUG 5KNDGT VGKNYGKUG GOCKNNKGTV KO 8QTFGTUGKVGP\GPVTWO \YGK MNGKPG 'OCKNNGEJKRRU CP CNV IGP·JVGT &COGPUEJNGKHG OKV MWT\GP $·PFGTP WPF 'KPJ·PIUEJNCWHG *1'(6 6CHGN :+8 *ª52 -.'& 0+// 1#0 1'- 24- D 8'40

7096

$GTNKPGT 'KUGP OKV GKPIGCTDGKVGVGT TWPFGT )QNFOGFCKNNG CWH FKG 8ÌNMGTUEJNCEJV XQP .GKR\KI CO DKU 1MVQDGT 'KUGP /GFCKNNG WPF #RRNKMCVKQPGP KP )QNF &WTEJOGUUGT OO CP 6TCIGTKPI *';& G XCT 6TCIGTKPI WPF #WHJ·PIWPI DGUEJ·FKIV ++

$GTNKPGT 'KUGP CWH FKG 8ÌNMGTUEJNCEJV XQP .GKR\KI CO DKU 1MVQDGT 'KUGP #RRNKMCVKQ PGP KP 5KNDGT &WTEJOGUUGT OO CO QTKIKPCN 6TCIGMGVVEJGP *';& H XCT ++

7098

7097

7099

8GTFKGPUVMTGW\ HÒT (TCWGP WPF ,WPIHTCWGP 8GTFKGPUVMTGW\ 5KNDGT GOCKNNKGTV CWH FGT 4ÒEMUGKVG OGJTGTG 'OCKNNGCDURNKVVGTWPIGP CP UR·VGTGT $CPFUEJNGKHG *';& *1'(6 :+: *ª52 *75 -.'& 0+// 1'- 24- 8'40 +++

9CVGTNQQ )GFGPMOGFCKNNG FGU .ÒPGDWTIGT ,·IGT $CVCKNNQPU *CPPQXGTUEJGU +PHCPVG TKG 4GIKOGPVU 0T $NCPMGPDWTI )QUNCT 3WGFNKPDWTI .ÒPGDWTI 5VCFG $TQP\G XGTUKNDGTV QJPG $CPF ++p

<YGK (KPIGTTKPIG OKV 'KUGTPGP -TGW\GP #NNWOKPKWOTKPI OKV )TCXWT #RTKN 8GTIQN FGVGT 4KPI 5VÒEM ++

39

7101

7103

7103 7102

*CPPQXGTUEJG ,WDKN·WOUFGPMOÒP\G #WUHÒJTWPI OKV &CVWO &G\GODGT &G\GODGT $TQP\G QJPG $CPF *75 -.'& 0+// 1'- 24- 8'40

4 ++ +P FKGUGT 'TJCNVWPI UEJYGT \W DGUEJCHHGPFGU 1TKIKPCNGZGORNCT

(TGKOCWTGTNQIG 9QFCP \W FGP 9GNVMWIGNP $TWUVUVGTP HÒT FGP 'JTGPCNVOGKUVGT FGT .QIG 5VCFVTCV 4WFQNH +UCCE CWU %JCTNQVVGPDWTI $TQP\G XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV GOCKNNKGTVGT 9KF OWPIUKPUEJTKHV +*4'/ '*4'0#.6/'+56'4 8 56 $4 4WFQNH +UCCE \WO /·T\ 91&#0 < & 9 CP 0CFGN KO 1TKIKPCNGVWK FGT (KTOC 9KNJGNO *GNDKPI KP .GKR\KI

8QP ITQ­GT 5GNVGPJGKV ++

7PCDJ·PIKIGT (TGKOCWTGT 1TFGP $KLQW XGTIQNFGV CO NCPIGP *CNUDCPF WPF /GFCKNNG XGTIQNFGV &WTEJOGUUGT OO CP ¤UG &C\W (TGKOCWTGT #PJ·PIGT 4QVIQNF 1P[Z CP ¤UG 5VÒEM ++

'KPFTWEMUXQNNG 'KP\GNCPHGTVKIWPI

7104 1:1

5#%*5'0 -¤0+)4'+%*

-ÌPKINKEJ 5·EJUKUEJGT #NDTGEJVUQTFGP /QFGNN OKV FGT UQIGP $·EMGTOÒV\G )TQ­ D\Y -QOVWTMTGW\ )QNF VGKNYGKUG HGKPUV \KUGNKGTV GOCKNNKGTV 9CRRGP WPF -TQPG \WUCOOGP IGRT·IV MNGKPGT 'OCKNNGMTCV\GT CWH FGT 8QTFGTUGKVG QJPG 5EJWNVGT QFGT *CNUDCPF )'$ -.'& 0+// D\Y 1'- 4#/ 5 8'40 9'$ 4 +p

(GKPG #PHGTVKIWPI WO 8QO )TQ­MTGW\ GTHQNIVGP NCWV 9GDGT #TPQNF -GKN QJPG FKTGMVG 3WGNNGPCPICDG XQP DKU KPUIGUCOV 8GTNGKJWPIGP XQO -QOVWTMTGW\ -NCUUG WPF XQO -QOVWTMTGW\ -NCUUG

40

7105

7107

7106

-ÌPKINKEJ 5·EJUKUEJGT #NDTGEJVUQTFGP /QFGNN OKV FGT UQIGP $·EMGTOÒV\G 5KN DGTPG 8GTFKGPUVOGFCKNNG 5KNDGT OGJTGTG 4CPFFGNNGP CO $CPF )'$ *';& *75 -.'& 0+// 1'- 4#/ 5 8'40 9'$ 44 +++

8KGN IGVTCIGPGU 'ZGORNCT GKPGU UVQN\GP 5CEJUGP 9GDGT IKDV QJPG FKTGMVG 3WGNNGPCPICDG KPUIGUCOV 8GTNGKJWP IGP HÒT FKG ,CJTG DKU CP

/GFCKNNG HÒT .GDGPUTGVVWPI /QFGNN &QRRGNRQTVTCKV #PVQP WPF (TKGFTKEJ #WIWUV 5KNDGTPG /GFCKNNG 5KNDGT CNVG 'TI·P\WPI FGU *GPMGNU QJPG $CPF )'$ *';& *75 -.'& 0+// 1'- 8'40 44 ++

&KGUGU GTUVG /QFGNN FGT .GDGPUTGVVWPIUOGFCKNNG YWTFG KP CNNGP UGKPGP -NCUUGP OKV PWT YGPKIGP 'ZGORNCTGP KP FGP ,CJTGP DKU XGTNKGJGP FC CWU #PNCUU FGT (NWVMCVCUVTQRJG XQP 2NCWGP KO ,CJTG GKPG GKIGPG .GDGPUTGV VWPIUOGFCKNNG KP )QNF WPF 5KNDGT XGTCWUICDV YWTFG .CWV )GDCWGT QJPG FKTGMVG 3WGNNGPCPICDG YWTFGP XQP FKGUGT /GFCKNNG KPUIGUCOV PWT 'ZGORNCTG IGRT·IV

&KGPUVCWU\GKEJPWPIU /GFCKNNG /QFGNN 6[R 2WPMV PCEJ &KGPUVG /GFCKNNG -NCUUG HÒT &KGPUVLCJTG $TQP\G QJPG $CPF )'$ *';& *75 -.'& 0+// XCT 1'- XCT 8'40 4 ++

5GNVGPGT 6[R XQP FGO NCWV )GDCWGT QJPG FKTGMVG 3WGNNGPCPICDG PWT 'ZGORNCTG IGRT·IV YQTFGP UKPF

7108 1:1

5#%*5'0 9'+/#4 )4155*'4<1)67/

)TQ­JGT\QINKEJ 5·EJUKUEJGT *CWUQTFGP FGT 9CEJUCOMGKV QFGT XQO 9GK­GP (CNMGP )TQ­MTGW\ HÒT (ÒTUVNKEJMGKVGP )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV *ÌJG OO $TGKVG OO OKV EC EO NCPIGO 5EJ·TRGPUVÒEM +.. -.'& XCT 0+// 1#0 1'- 8'40 XCT 9#.& 4 +

41

7110

7110 7109 1:1

)TQ­JGT\QINKEJ 5·EJUKUEJGT *CWUQTFGP FGT 9CEJUCOMGKV QFGT XQO 9GK­GP (CNMGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT #WHNCIGP )QNF GOCKNNKGTV OKP 'OCKNNGTK­ KO 5EJTKHVTKPI ÒDGT FGO 5VGTP CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6J /ÒNNGT KP 9GKOCT CP 0CFGN +.. -.'& 0+// 1#0 XCT 1'- 8'40 9#.& +p

(GKPG #TDGKV FGU 9GKOCTGT *QHLWYGNKGTU WO

#NNIGOGKPGU 'JTGP\GKEJGP KP 5KNDGT HÒT #WUN·PFGT 5KNDGT CO MWT\GP $CPF *';& *75 +.. -.'& 0+// 1'- 8'40 ++

7111

7112

7112

5KNDGTPG 8GTFKGPUVOGFCKNNG OKV FGT ,CJTGU\CJN LWIGPFNKEJGU 2QTVTCKV %CTN #NGZCPFGTU /GFCKNNG QJPG 5EJYGTVGT 5KNDGT 6TCIGTKPI 'KUGP CNV XGTNÌVGV CO UR·VGTGP $CPF +.. -.'& 0+// 1'- 8'40 ++

&KG /GFCKNNG QJPG 5EJYGTVGT YWTFG HÒT \KXKNG 8GTFKGPUVG Y·JTGPF FGU &GWVUEJ (TCP\ÌUKUEJGP -TKGIGU XGTNKGJGP

9KNJGNO 'TPUV -TKGIUMTGW\ 5KNDGT #WHNCIGP )QNF GOCKNNKGTV QJPG TÒEMUGKVKIG )TCXWT FKG 5EJYGTVGT CWH FGT 4ÒEMUGKVG PKEJV CWUIGRT·IV CWH FGT 4ÒEMUGKVG OKV CNVGO <GVVGN 1TKIKPCNG DGMNGDV CP 0CFGN +.. 5 -.'& 0+// XCT 1'- 8'40 9#.& 'U FÒTHVG UKEJ JKGTDGK WO GKPG PKEJV XGTNKGJGPG #WUHÒJTWPI JCPFGNP

42

7113

7114

7113

'JTGP\GKEJGP HÒT (TCWGPXGTFKGPUV KO -TKGIG -TKGIUOGVCNN XGTUKNDGTV VGKNYGKUG DNCUKI WPF DGTKGDGP CP UR·VGTGT &COGPUEJNGKHG *75 +.. 5 -.'& 0+// 1'- 5%*'/ 8'40 ++p+++

/KNKV·TFKGPUVCWU\GKEJPWPI /QFGNN /GFCKNNG -NCUUG HÒT +: &KGPUVLCJTG #TIGPVCP CO UR·VGTGP $CPF *75 +.. -.'& 0+// 1'- 8'40 ++

7116

7116 7115 1:1

5 %*5+5%*' *'4<1)6ª/'4 )'/'+05#/

5CEJUGP 'TPGUVKPKUEJGT *CWUQTFGP /QFGNN $TWUVUVGTP \WO -QOVWTMTGW\ OKV 5EJYGTVGTP OKV 'KEJGPMTCP\ HÒT +PN·PFGT 5KNDGT TGRGTEKGTV #WHNCIGP )QNF HGKPUV \KUGNKGTV WPF GOCKN NKGTV \YGK MNGKPG #WUDTÒEJG KP FGT ITÒPGP 'OCKNNG CP 5EJTCWDUEJGKDG #.6 *#05 +.. 5 -.'& XCT 0+// XCT 1'- D\Y D\Y 5%*4# 8'40

44 +p

5CEJUGP 'TPGUVKPKUEJGT *CWUQTFGP /QFGNN 4KVVGTMTGW\ -NCUUG OKV 5EJYGTVGTP #WUHÒJTWPI OKV IGUEJYWPIGPGP 2CTKGTUVCPIGP WPF 'KEJGPNCWDMTCP\ HÒT 8GTFKGPUV KO (TKGFGP )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV CO CNVGP $QIGPDCPF #.6 *#05 +.. 5 XCT -.'& 0+// 1'- 5%*4# 8'40 +

5GJT UGNVGPGT $TWUVUVGTP FGT PWT KP YGPKIGP 'ZGORNCTGP XQP DKU \WT 8GTNGKJWPI IGMQOOGP KUV

43

7119

7118 7117

5#%*5'0 #.6'0$74) *'4<1)67/

/GFCKNNG \WO L·JTKIGP 4GIKGTWPIULWDKN·WO XQP *GT\QI 'TPUV $TQP\GPG /GFCKNNG CO $CPF #.6 *';& *75 +.. -.'& 0+// 1'- 5%*4# :+ 8'40 ++

4QVJ PGPPV QJPG FKTGMVG 3WGNNGPCPICDG 8GTNGKJWPIGP FGT $TQP\GOGFCKNNG 4QVJ 'TJCTF 8GTNGKJWPIGP XQP \KXKNGP WPF OKNKV·TKUEJGP DKU 1TFGP WPF 'JTGP\GKEJGP FGU *GT\QIVWOU 5CEJUGP #NVGPDWTI 1HHGPDCEJ CO /CKP 5GKVG 8+

5#%*5'0 %1$74) 70& )16*# *'4<1)67/

/KPKCVWTDCTGVV OKV \YGK CWHIGNGIVGP /KPKCVWTGP &KGPUVCWU\GKEJPWPIUMTGW\ HÒT 1HHK\KGTG PCEJ HÒP HWPF\YCP\KI &KGPUVLCJTGP WPF /GFCKNNG HÒT FKG (TGKYKNNKIGP FGU 8 &GWVUEJGP #TOGG -QTRU HÒT 1HHK\KGTG *GT\QIVWO 5CEJUGP %QDWTI 5CCNHGNF $CTGVV XGTIQNFGV CWHIGNGIVG /KPKCVWTGP 5KNDGT CO &WTEJ\WIUDCPF LGFQEJ QJPG 6TCIGURCPIG 8QP ITQ­GT 5GNVGPJGKV ++

+PVGTGUUCPVGU /KPKCVWTDCTGVV GKPGU 8GVGTCPGP FGT $GHTGKWPIUMTKGIG

'TKPPGTWPIUMTGW\ HÒT 'EMGTPHÌTFG HÒT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP $TQP\G CO MWT\GP $CPF *#05 *';& *75 +.. 5 XCT -.'& 0+// 1'- 5%*4# : D 8'40 ++

.CWV /CZ *CPU YWTFGP 8GTNGKJWPIGP XQTIGPQOOGP

7120

7121

%CTN 'FWCTF -TKGIUMTGW\ <YGKVCPHGTVKIWPI \WT 6TCIGYGKUG CP FGT 1TFGPUURCPIG 5KNDGT VGKNYGKUG GOCKNNKGTV CO $CPF +.. 5 XCT -.'& XCT 0+// XCT 1'- 8'40 XCT 9#.& XCT 4 ++

+PVGTGUUCPVG WPF MWTKQUG CNVG <YGKVCPHGTVKIWPI \WT 6TCIGYGKUG CP FGT 1TFGPUURCPIG OKV UGRCTCV IGHGTVKIVGO <GP VTWO FGT .QTDGGTMTCP\ CWHIGUVKHVGV

5#%*5'0 )16*# #.6'0$74) *'4<1)67/

-TKGIUFGPMOÒP\G HÒT 7PVGTQHHK\KGTG $TQP\G CNNG GTJCDGPGP 6GKNG XGTIQNFGV CO ·NVGTGP $CPF #.6 $$/ *';& XCT *75 +.. 5 -.'& /;$ 0+// 1'- 5%*4# : 8'40 +p++ 0KOOGTIWV IKDV QJPG 3WGNNGPCPICDG GKPG 2T·IG\CJN XQP 'ZGORNCTGP CP

44

7122 7124

7123

5#%*5'0 /'+0+0)'0 *'4<1)67/

1TFGP HÃ&#x2019;T 8GTFKGPUVG XQP (TCWGP WPF ,WPIHTCWGP KP FGT -TKGIUHÃ&#x2019;TUQTIG #WUHÃ&#x2019;JTWPI KP $TQP\G CP FGT 1TKIKPCN $CPFUEJNGKHG *75 +.. 5 -.'& 0+// 1'- 5%*'/ 8'40 ++

5%*9#4<$74) 47&1.56#&6 (ª456'067/

(Ã&#x2019;TUVNKEJ 5EJYCT\DWTIKUEJGU 'JTGPMTGW\ /QFGNN HÃ&#x2019;T 4WFQNUVCFV 'JTGPMTGW\ -NCUUG )QNF GOCKN NKGTV CWH FGT 4Ã&#x2019;EMUGKVG VTCIGDGFKPIV OGJTGTG 'OCKNNGMTCV\GT CP 'KPGTURCPIG DC[GTKUEJGT #TV OKV GTPGW GTVGO #DFGEMUVQHH QJPG 0CFGN +.. 5 XCT -.'& 0+// 1#0 XCT 1'- 8'40 9#.& XCT ++

0CEJ 0KOOGTIWV YWTFGP KP FGT <GKV XQP DKU KPUIGUCOV 8GTNGKJWPIGP XQTIGPQOOGP

(Ã&#x2019;TUVNKEJ 5EJYCT\DWTIKUEJGU 'JTGPMTGW\ /QFGNN HÃ&#x2019;T 4WFQNUVCFV 'JTGPMTGW\ -NCUUG OKV 'KEJGP DTWEJ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO UR·VGTGP $CPF +.. 5 XCT -.'& 0+// 1'- 8'40 ++

7125 1:1 7126

7126

5%*9#4<$74) 510&'45*#75'0 (ª456'067/

(Ã&#x2019;TUVNKEJ 5EJYCT\DWTIKUEJGU 'JTGPMTGW\ /QFGNN HÃ&#x2019;T 5QPFGTUJCWUGP 'JTGPMTGW\ -NCUUG )QNF GOCKNNKGTV QJPG *CNUDCPF +.. -.'& 0+// 1#0 XCT 1'- 8'40 9#.& 4 +

0KOOGTIWV IKDV OKV 3WGNNGPCPICDG 8GTNGKJWPIGP HÃ&#x2019;T DKU WPF 8GTNGKJWPIGP XQP DKU CP YQDGK CD FGO #WIWUV FCU 'JTGPMTGW\ KP 5KNDGT XGTIQNFGV XGTNKGJGP YWTFG

(Ã&#x2019;TUVNKEJ 5EJYCT\DWTIKUEJGU 'JTGPMTGW\ /QFGNN HÃ&#x2019;T 5QPFGTUJCWUGP 'JTGPMTGW\ -NCUUG OKV 5EJYGTVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF +.. 5 XCT -.'& 0+// 1'- 8'40 9#.& ++

45

7127 7128

9#.&'%- (ª456'067/

7129 1:1

(ÒTUVNKEJ 9CNFGEM UEJGU 8GTFKGPUVMTGW\ /QFGNN -TGW\ -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV #WUDTÒEJG KP FGT TQVGP 'OCKNNG FGU CWHIGNGIVGP -TGW\GU CO CNVGP $QIGPDCPF -.'& 0+// 1'- 8'40 ++p+++

.CWV 'HNGT GTHQNIVGP XQP DKU PWT 8GTNGKJWPIGP

(ÒTUVNKEJ 9CNFGEM UEJGU 8GTFKGPUVMTGW\ 5KNDGTPG /GFCKNNG OKV 5EJYGTVGTP 6[R OKV ITÌ­GTGT -TQPG 5KNDGT CO UGJT MWT\GP -TKGIUDCPF '(9# *75 -.'& 0+// 1'- 8'40 9#.& ++

'HNGT PGPPV HÒT FKG 5KNDGTPG 8GTFKGPUVOGFCKNNG FGU \YGKVGP 6[RU KPUIGUCOV 8GTNGKJWPIGP YQXQP EC OKV 5EJYGTVGTP GTHQNIVGP

9'562*#.'0 -¤0+)4'+%*

1TFGP FGT -TQPG XQP 9GUVRJCNGP 4GFWMVKQP FGT 4KVVGTFGMQTCVKQP -NCUUG )QNF 4GUVGOCKNNG KO -TQPGPTGKH QJPG $CPF $174& 44 ++p+++

(GKPG CNVG #PHGTVKIWPI WO

7130 1:1

9ª466'/$'4) -¤0+)4'+%*

1TFGP FGT 9ÒTVVGODGTIKUEJGP -TQPG )TQ­MTGW\ )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV QJPG 5EJWN VGTDCPF -.'& -.4( 1 0+// 1#0 1'- 4#/ 5 8'40 9#.& XCT 4 +

*GTXQTTCIGPF IGCTDGKVGVGU WPF HGKPUV \KUGNKGTVGU ICTCPVKGTVGU 1TKIKPCNGZGORNCT 9QJN GKPG #PHGTVKIWPI FGT (KTOC 'FWCTF (QGJT KP 5VWVVICTV WO

46

7131

7132 1:1

7132 1:1

1TFGP FGT 9ÒTVVGODGTIKUEJGP -TQPG 4KVVGTMTGW\ OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV 8QTFGTUGKVGPOG FCKNNQP $TQP\G XGTIQNFGV WPF GOCKNNKGTV OKP #DRNCV\WPI KO 5EJTKHVTKPI FGT 8QTFGTUGKVG 4ÒEMUGKVGP OGFCKNNQP DNCPM YGK­ GOCKNNKGTV WPF VTCIGDGFKPIV GVYCU XGTMTCV\V CO CNVGP 1TKIKPCNDCPF -.'& XCT 0+// XCT 1'- 4#/ 5 8'40 9#.& XCT ++

1D GU UKEJ JKGTDGK WO GKPG UGJT UR·V KO 'TUVGP 9GNVMTKGI GTHQNIVG *GTUVGNNWPI FKGUGT 8CTKCPVG QFGT WO GKPG CNVG 4GRCTCVWT FWTEJ 'TI·P\WPI FGU XGTNQTGP IGICPIGPGP 4ÒEMUGKVGPOGFCKNNQPU JCPFGNV MCPP PKEJV PCEJIGYKGUGP YGTFGP 0KOOGTIWV IKDV OKV 3WGNNGPCPICDG CP FCUU XQP DKU PWT 'ZGORNCTG CP 9ÒTVVGODGTIGT WPF KP 9ÒTV VGODGTIKUEJGP &KGPUVGP UVGJGPFG XGTNKGJGP YQTFGP UKPF

(TKGFTKEJU 1TFGP /QFGNN 1TFGPUMTGW\ #WUHÒJTWPI OKV MTCP\HÌTOKIGO 6TCIGTKPI UQYKG 2QTVT·V OKV $TWUVCPUCV\ )QNF GOCKNNKGTV OKP VTCIGDGFKPIVG -TCV\GT CWH FGT 8QTFGTUGKVG OKV EC EO NCPIGO 5EJ·TRGPUVÒEM -.'& XCT -.4( 1 0+// XCT 1#0 1'- 4#/ 5 8'40 4 +p

0KOOGTIWV IKDV HÒT FKG ,CJTG DKU KPUIGUCOV 8GTNGKJWPIGP CP

7133 1:1

(TKGFTKEJU 1TFGP /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ #WUHÒJTWPI OKV UKGDGP 5VTCJNGP URKV\GP \YKUEJGP FGP -TGW\CTOGP 5KNDGT )QNF RNCVVKGTV <GPVTWO )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5VGKPCO KP 5VWVVICTV CP 0CFGN -.'& -.4( 1 F XCT 0+// 1#0 1'- 4#/ 5 8'40 9#.& 4 +

*GTXQTTCIGPFG #PHGTVKIWPI FGU 5VWVVICTVGT *QHLWYGNKGTU WO

47

7134

7135 1:1

7134

(TKGFTKEJU 1TFGP /QFGNN -QOVWTMTGW\ OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKN NKGTV QJPG *CNUDCPF -.'& 0+// 1'- 4#/ 5 8'40 9#.& XCT ++

9QJN GKPG (GTVKIWPI FGU MÌPKINKEJGP /ÒP\COVGU KP 5VWVVICTV CWU FGT <GKV XQP DKU .CWV 0KOOGTIWV GT HQNIVGP XQP DKU KPUIGUCOV 8GTNGKJWPIGP FCXQP XQT $GIKPP FGU 'TUVGP 9GNVMTKGIGU

(TKGFTKEJU 1TFGP /QFGNN $TWUVUVGTP \WO -QOVWTMTGW\ OKV 5EJYGTVGTP

5KNDGT VGKNYGKUG )QNF RNCVVKGTV #WHNCIGP )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG XKGT 0KGVGP CP 0CFGN -.'& 0+// 1'- 4#/ 5 8'40 9#.& XCT 4 +p++

0CEJ 0KOOGTIWV QJPG FKTGMVG 3WGNNGPCPICDG GTHQNIVGP XQP DKU PWT WPF KO 'TUVGP 9GNVMTKGI 8GTNGKJWPIGP

7136

7137

7138

(TKGFTKEJU 1TFGP /QFGNN 4KVVGTMTGW\ -NCUUG OKV 5EJYGTVGTP )QNF HNCEJG #WUHÒJ TWPI GOCKNNKGTV FKG DGYGINKEJGP 5EJYGTVGT 5KNDGT XGTIQNFGV 8GTIQNFWPI PCJG\W XQNNUV·PFKI XGTDNCUUV CO $CPF -.'& 0+// 1'- 4#/ 5 8'40 +p++

9QJN GKPG #PHGTVKIWPI FGT (KTOC 'FWCTF (ÌJT KP 5VWVVICTV 0CEJ 0KOOGTIWV OKV 3WGNNGPCPICDG YWTFGP KPUIGUCOV -TGW\G XGTNKGJGP FCXQP KO -TKGI UQYKG XQP DKU 1D JKGTDGK KP FGT <CJN XQP FKG XQP GPVJCNVGP UKPF N·UUV UKEJ FGT #PICDG PKEJV GKPFGWVKI GPVPGJOGP

(TKGFTKEJU 1TFGP /QFGNN 4KVVGTMTGW\ -NCUUG OKV 5EJYGTVGTP 5KNDGT <GPVTGP )QNF GOCKNNKGTV 5EJYGTVGT 5KNDGT XGTIQNFGV WPF HGUV XGTNÌVGV XGTUEJOWV\V $CPFTKPI CNV GTI·P\V CO $CPF -.'& 0+// 1'- 4#/ 5 8'40 ++

0KOOGTIWV IKDV OKV 3WGNNGPCPICDG CP FCUU XQP DKU KPUIGUCOV 'ZGORNCTG CP 9ÒTVVGODGTIGT WPF KP 9ÒTVVGODGTIKUEJGP &KGPUVGP 5VGJGPFG XGTNKGJGP YQTFGP UKPF

48

1NIC 1TFGP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV QJPG $CPFTKPI WPF $CPF -.'& 0+// 1#0 1'- 4#/ 5 8'40 ++

7140

7139

/GFCKNNG HÒT -WPUV WPF 9KUUGPUEJCHV /QFGNN XGTIQNFGVGT WPF IGJGPMGNVGT $TQP\GCDUEJNCI FGT MNGKPGP IQNFGPGP /GFCKNNG CWH FGT 4ÒEMUGKVG 5VGORGNUEJGKFGT % 5%*0+6<52#*0 ( CP WPTKEJVK IGO $CPFUVÒEM 8IN *';& XCT XIN *75 XIN -.'& XIN 0+// XIN 1'- XIN 8'40 ++

-TKGIUFGPMOÒP\G HÒT FGP (GNF\WI (ÒT VTGWGP &KGPUV KP GKPGO (GNF\WIG XCTKCPVG 2T·IWPI OKV ITÌ­GTGO IGUEJYWPIGPGP 5EJKNF )GUEJÒV\DTQP\G OKV 5VGORGNUEJPGKFGT\GKEJGP & ¤UG CNV GT I·P\V QJPG $CPFTKPI WPF $CPF *';& *75 XCT -.'& -.4( C 0+// 1'- 8'40 44 +++

7141 7142

7143

9'+/#4'4 4'27$.+-

'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU /QFGNN -NCUUG XGTIQNFGV WPF GOCKN NKGTV CO PGWGP $CPF *#46 *ª5- -&1' -.+& :8 /#0& 0+'/ E 0+// 1'- 5%*'/ XCT 8'40 ++

(4'+-1425

$CNVGPMTGW\ FGU $CNVKUEJGP 0CVKQPCN #WUUEJWUUGU 5VGEMMTGW\ #WUHÒJTWPI OKV UGRCTCV CWHIGNGIVGO .KNKGPMTGW\ CP 0CFGN (4- 5 *ª5- C 0+'/ 1'- 8'40 ++

$CNVGPMTGW\ FGU $CNVKUEJGP 0CVKQPCN #WUUEJWUUGU -TGW\ CO $CPF #WUHÒJTWPI OKV UGRCTCV CWHIGNGI VGO .KNKGPMTGW\ CO CNVGP $CPF (4- 5 *ª5- D 0+'/ 1'- 8'40 ++

7144

7145

7146

5EJNGUKUEJGU $GY·JTWPIUCD\GKEJGP UQIGP 5EJNGUKUEJGT #FNGT 5VWHG #WUHÒJTWPI OKV UGRCTCV IGRT·IVGP #WHNCIGP $TQP\G VGKNYGKUG XGTUKNDGTV CP 0CFGN (4- 5 *ª5- E 0+'/ F 1'- 8'40 ++

5EJNGUKUEJGU $GY·JTWPIUCD\GKEJGP UQIGP 5EJNGUKUEJGT #FNGT 5VWHG OKV 5EJYGTVGTP #WUHÒJ TWPI OKV UGRCTCV IGRT·IVGP #WHNCIGP XGTUKNDGTV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN (4- 5 *ª5- C 0+'/ E 1'- 8'40 ++

5EJNGUKUEJGU $GY·JTWPIUCD\GKEJGP UQIGP 5EJNGUKUEJGT #FNGT 5VWHG OKV 5EJYGTVGTP #WUHÒJ TWPI OKV UGRCTCV IGRT·IVGP #WHNCIGP IGUEJY·T\V WPF VGKNYGKUG XGTUKNDGTV CO $CPF (4- 5 *ª5- D 0+'/ I 1'- 8'40 ++

49

7149 7147

7148

(TGKUEJÒV\GP 4GIKOGPV $GTNKP TOGNCD\GKEJGP XGTUKNDGTV (4- 5 *ª5- 0+'/ 1'- 8'40 ++

)TGP\UEJWV\ $CVCKNNQP $TQODGTI 'JTGP\GKEJGP CP 0CFGN (4- 5 0+'/ 1'- 8'40 ++

(TGKMQTRU 5EJWV\VTWRRG $WI $TKICFG 1NKVC 5VGEM 'JTGP\GKEJGP UQIGP $7) 5VGTP 5KNDGT VGKN YGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG 5KNDGTRWP\G CP 5EJTCWDUEJGKDG OKV $G\GKEJPWPI & 4 ) / (4- 5 *ª5- C 0+'/ 1'- XCT 8'40 ++

7151

7153

7150 7152

)TGP\UEJWV\ 1UV &GWVUEJTKVVGTMTGW\ XGTUKNDGTV WPF GOCKNNKGTV CP 0CFGN (4- 5 *ª5- F 0+'/ D 1'- 8'40 ++

(TGKMQTRU &KGDKVUEJ &KGDKVUEJ -TGW\ -NCUUG XGTIQNFGV WPF GOCKNNKGTV CO MWT\GP *CNUDCPFCD UEJPKVV (4- 5 *ª5- 0+'/ C 1'- 8'40 ++

(TGKMQTRU &KGDKVUEJ 5VGTP XQP /CNRNCSWGV XGTIQNFGV VGKNYGKUG GOCKNNKGTV CP 5EJTCWDUEJGKDG OKV $G\GKEJPWPI & 4 ) / (4- 5 *ª5- 0+'/ G 1'- 8'40 ++

(TGKMQTRU &KGDKVUEJ /GFCKNNG HÒT IWVG 2HGTFGRHNGIG 5KNDGT CO $CPF (4- 5 *ª5- 0+'/ F 1'- 8'40 ++

50

7156

7154 7155

7157

++ /CTKPGDTKICFG 9KNJGNOUJCXGP D\Y /CTKPG $TKICFG 'JTJCTFV 8GTFKGPUVCD\GKEJGP XGTUKNDGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI *%* 6+// $'4.+0 WPF /756'4 )'5 )'5%* CP 0CFGN (4- 5 *ª5- 0+'/ C 1'- 8'40 ++

'KUGTPG &KXKUKQP 'TKPPGTWPIUCD\GKEJGP <KPM CP 0CFGN (4- 5 *ª5- 0+'/ 1'- 8'40 ++

'KUGTPG &KXKUKQP /GFCKNNG FGT 'KUGTPGP &KXKUKQP XGTUKNDGTV CO $CPF (4- 5 *ª5- 0+'/ 1'- 8'40 ++

/KPGPYGTHGT &GVCEJGOGPVU *GWUEJMGN TOGNCD\GKEJGP XGTUKNDGTV (4- 5 *ª5- 0+'/ 1'- 8'40 ++

7160

7158 7159

5GNDUVUEJWV\ $CVCKNNQP XQP *G[FGDTGEM TOGN QFGT /ÒV\GPCD\GKEJGP JQJN IGHGTVKIV XGTIQNFGV CP 0CFGN (4- 5 *ª5- 0+'/ 1'- 8'40 ++

8GTDCPF *KPFGPDWTI 'JTGP\GKEJGP XGTUKNDGTV VGKNYGKUG GOCKNNKGTV CP 0CFGN (4- 5 *ª5- 0+'/ 1'- 8'40 ++

(TGKYKNNKIGU .CPFGUL·IGT -QTRU /GFCKNNG HÒT IWVG 2HGTFGRHNGIG XGTUKNDGTV CO HCNUEJGP $CPF (4- 5 *ª5- 0+'/ E 1'- 8'40 ++

7161 7163 7164

5QNFCVGP 5KGFNWPIU 8GTDCPF -WTNCPF /GFCKNNG $TQP\G CO HCNUEJGP $CPF (4- 5 *ª5- 0+'/ 1'- 8'40 ++p

5QNFCVGP 5KGFNWPIU 8GTDCPF -WTNCPF /GFCKNNG $TQP\G CO $CPF (4- 5 *ª5- 0+'/ 1'- 8'40 ++

+++ /CTKPG $TKICFG XQP .ÌYGPHGNF 'JTGP\GKEJGP -NCUUG $TQP\G CWH FGT 4ÒEMUGKVG $G\GKEJPWPI 0T )'5 )'5%*ª6<6 2 -ª56 $'4.+0 % 5';&'.564 # CP 0CFGN 0CFGNJCMGP TGRCTKGTV (4- 5 *ª5- 0+'/ C 1'- 8'40 ++

(TGKMQTRU XQP 0GWHXKNNG )CTFG .CPFGUUEJÒV\GP #DVGKNWPI 6TGWGMTGW\ FGT 5EJYCT\GP )CTFG GTUVG #WUHÒJTWPI XGTUKNDGTV WPF GOCKNNKGTV CP 0CFGN (4- 5 *ª5- 0+'/ C 1'- 8'40 ++

51

7166

7165

(TGKMQTRU 1DGTNCPF #FNGT FGU 6KTQNGT 5VWTO\WIGU XGTIQNFGV WPF GOCKNNKGTV 4ÒEMUGKVG UEJYCT\ GOCKNNKGTV CO $CPF (4- 5 *ª5- 0+'/ I 1'- 8'40 ++

(TGKMQTRU 1DGTNCPF #PPCDGTIMTGW\ 5VGEMMTGW\ XGTUKNDGTV WPF GOCKNNKGTV CP 0CFGN (4- 5 *ª5- 0+'/ D 1'- 8'40 ++

7167 7168 7169

(TGKMQTRU 1DGTNCPF )GFGPMOÒP\G HÒT 1DGTUEJNGUKGP $TQP\G CO QTKIKPCN IGUVKEMVGP $CPF (4- 5 *ª5- 0+'/ H 1'- 8'40 ++

5GNDUVUEJWV\ 1DGTUEJNGUKGP #TO WPF $TWUVCD\GKEJGP XGTUKNDGTV VGKNYGKUG XGTIQNFGV CP 0CFGN (4- 5 *ª5- 0+'/ 1'- 8'40 ++

'KPYQJPGTYGJT )CW 2CUUCW TOGNCD\GKEJGP (4- 5 *ª5- 0+'/ 1'- 8'40 ++

7170 7171

7172

&GVCEJGOGPV XQP 4CPFQY &GWVUEJTKVVGT -TGW\ -NCUUG XGTUKNDGTV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV )1&'6 (4- 5 *ª5- 0+'/ E 1'- 8'40 ++

&GVCEJGOGPV XQP 4CPFQY &GWVUEJTKVVGT -TGW\ -NCUUG XGTUKNDGTV WPF GOCKNNKGTV CP UR·VGTGP $CPF (4- 5 *ª5- 0+'/ F 1'- 8'40 ++

(TGKYKNNKIGP 4GIKOGPV 4GKPJCTFV TOGNCD\GKEJGP (4- 5 *ª5- 0+'/ 1'- 8'40

++

52

7173

7174

(TGKYKNNKIG &GWVUEJ 4WUUKUEJG 9GUVCTOGG FGU (ÒTUVGP #YCNQHH $GTOQPFV 'TKPPGTWPIUOGFCKNNG )QNFDTQP\G CO $CPF (4- 5 *ª5- 0+'/ H 1'- 8'40 ++

)QGDGPMTGW\ GJGOCNKIGT GT 8GTIQNFGV VGKNYGKUG GOCKNNKGTV CP 0CFGN *ª5- 0+'/ 1'- 8'40 ++

7175

7176

24'755'0 (4'+56##6 70& 4'27$.+-

4GVVWPIUOGFCKNNG /QFGNN 5KNDGT OKV 1TKIKPCNDCPFCDUEJPKVV KO 8GTNGKJWPIUGVWK *ª5- D 1'- 9#.& 4 +p

&KGUG /GFCKNNG FKG PWT UGJT UR·TNKEJ XGTNKGJGP YWTFG KUV KP RT·IGHTKUEJGO <WUVCPF OKV UEJÌPGT 2CVKPC WPF FGO UGJT UGNVGPGP 1TKIKPCNGVWK

(GWGTYGJT 'JTGP\GKEJGP HÒT 8GTFKGPUVG WO FCU (GWGTNÌUEJYGUGP 5KNDGTPGU 'JTGP\GKEJGP /Q FGNN WPF )QNFGPGU 'JTGP\GKEJGP /QFGNN LGYGKNU CP GKPVGKNKIGT $QIGPDCPFURCPIG '(. *ª52 /#0& 5 5 5VÒEM ++

7177

(4'+' 56#&6 &#0<+)

'JTGP\GKEJGP FGU 4QVGP -TGW\GU FGT (TGKGP 5VCFV &CP\KI 8GTFKGPUVMTGW\ -NCUUG HÒT &KGPUV LCJTG 5KNDGT GOCKNNKGTV CP &COGPUEJNGKHG (14/ E *#46 *ª5- -&1' 0+'/ E 0+// 1'- 8'40 4 ++

53

7179

7178

&'765%*'5 4'+%*

1TFGP XQO &GWVUEJGP #FNGT D\Y /QFGNN 8GTFKGPUVMTGW\ 5VWHG D\Y -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KP FGT 6TCIGÌUG RWP\KGTV CO QTKIKPCN *CNUDCPFCDUEJPKVV &1'* 5 (14/ C *#46 *ª5- -&1' 0+'/ C 0+// 1#0 1'- 4#/ 5 8'40 +p

1TFGP XQO &GWVUEJGP #FNGT WPF /QFGNN 8GTFKGPUVMTGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG 5VGORGN 5+.$'4 WPF QJPG *GTUVGNNGTDG\GKEJPWPI CP 0CFGN KO 1TKIKPCNGVWK &1'* 5 (14/ C E *#46 *ª5- -&1' 0+'/ C 0+// D\Y 1#0 XCT 1'- 4#/ 5 8'40 +p++

7180

1TFGP XQO &GWVUEJGP #FNGT DKU /QFGNN 8GTFKGPUVMTGW\ 5VWHG D\Y -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO <GPVTWO 'OCKNNGTGRCTCVWT FKG *CMGPMTGW\G DGUEJNKHHGP LGFQEJ FGWVNKEJ GTJCNVGP CP 0CFGN FKGUG RWP\KGTV WPF &1'* 5 (14/ C *#46 *ª5- -&1' 0+'/ C 0+// 1#0 XCT 1'- 4#/ 5 8'40 +++

#PHGTVKIWPI FGT (KTOC )QFGV KP $GTNKP

7181 7182

1TFGP XQO &GWVUEJGP #FNGT WPF /QFGNN 8GTFKGPUVMTGW\ 5VWHG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV GTI·P\VGT 0CFGN QJPG 5KNDGTOCTMGP WPF *GTUVGNNGTDG\GKEJPWPI 5EJYGTVGT OO NCPI KO XQTUKEJVKI GPVPC\KHK\KGTVGP 1TKIKPCNGVWK &1'* 5 XCT (14/ C E *#46 *ª5- -&1' 0+'/ D 0+// 1#0 XCT 1'- 4#/ 5 8'40 +++

1TFGP XQO &GWVUEJGP #FNGT /QFGNN 8GTFKGPUVMTGW\ 5VWHG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO $CPFTKPI RWP\KGTV WPF CO QTKIKPCN IGP·JVGP $CPF KO 1TKIK PCNGVWK &1'* 5 XCT (14/ D E *#46 *ª5- -&1' 0+'/ D 0+// 1#0 1'- 4#/ 5 8'40 ++

(GKPG #PHGTVKIWPI FGT (KTOC )QFGV KP $GTNKP

54

7185

7183

'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU /QFGNN -NCUUG XGTIQNFGV WPF GOCKN NKGTV CO IGP·JVGP *CNUDCPFCDUEJPKVV &1'* 5 (14/ E *#46 *ª5- -&1' -.+& :8 0+'/ F 0+// 1'- 5%*'/ 8'40 ++

'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU /QFGNN /GFCKNNG FGU &GWVUEJGP 4QVGP -TGW\GU XGTUKNDGTV WPF GOCKNNKGTV MCWO UKEJVDCT CWH FGO YGK­GP 4KPI IGEJKRRV CO UR·VGTGP $CPF &C\W /GFCKNNG HÃ&#x2019;T FKG &GWVUEJG 8QNMURHNGIG $TQP\G XGTUKNDGTV CO $CPF &1'* 5 (14/ J H *#46 *ª5- *75 C -&1' -.+& :8 0+'/ K J 0+// 1'- 4#/ 5 5%*'/ XCT 8'40 5VÃ&#x2019;EM ++

'JTGP\GKEJGP HÃ&#x2019;T &GWVUEJG 8QNMURHNGIG -TGW\ 5VWHG *CNUMTGW\ $TQP\G XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNUDCPF &1'* 5 (14/ E *#46 *ª5- -&1' -.+& :8 0+'/ E 0+// 1'- 4#/ 5 5%*'/ 8'40 ++

7186 1:1

&GWVUEJGU 1N[ORKC 'JTGP\GKEJGP 'JTGP\GKEJGP -NCUUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG UKPF \YGK *QJNPKGVGP UKEJVDCT CO IGP·JVGP WPF IGVTCIGPGP *CNUDCPF KO 1TKIKPCNGVWK &1'* 5 (14/ C *#46 *ª5- *75 C -&1' 0+'/ C 0+// 1'- 4#/ 5 8'40 +p++

&QGJNG IKDV 8GTNGKJWPIGP CP

55

7188 1:1 7187

&GWVUEJGU 1N[ORKC 'JTGP\GKEJGP 'JTGP\GKEJGP -NCUUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG UKPF \YGK *QJNPKGVGP UKEJVDCT OGJTGTG -TCV\GT CWH FGT 4ÒEMUGKVG CO IGP·JVGP WPF IGVTCIGPGP *CNU DCPF &1'* 5 (14/ C *#46 *ª5- *75 C -&1' 0+'/ C 0+// 1'- 4#/ 5 8'40 ++

&QGJNG IKDV 8GTNGKJWPIGP CP

&GWVUEJGU 1N[ORKC 'JTGP\GKEJGP /KPKCVWTFGMQTCVKQP \WT -NCUUG XGTIQNFGV WPF GOCKNNKGTV CP $CPFUEJNGKHG OKV WPVGTNGIVGT 5KNDGTNKV\G \WT -GPP\GKEJPWPI FGT -NCUUG CWH FGO -PQRH *GTUVGNNGTDG \GKEJPWPI FGT (KTOC )QFGV KP $GTNKP *ª5- C 0+'/ C ++

7190 1:1 7189

7192

&GWVUEJGU 1N[ORKC 'JTGP\GKEJGP 'JTGP\GKEJGP -NCUUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG UKPF \YGK *QJNPKGVGP UKEJVDCT CO $CPF &1'* 5 (14/ D *#46 *ª5- *75 D -&1' 0+'/ D 0+// 1'- 4#/ 5 8'40 +p++

&QGJNG IKDV 8GTNGKJWPIGP CP

56

4GVVWPIUOGFCKNNG CO $CPF 5KNDGT KO 4CPF 5KNDGTRWP\G OKV UGJT UEJÌPGT 2CVKPC CO CNVGP $CPF &1'* 5 (14/ C XCT *#46 *ª5- XCT *75 -&1' -.+& 6CHGN 8++ 0+'/ XCT 0+// XCT 1'- 8'40 ++

2QNK\GKFKGPUVCWU\GKEJPWPI -TGW\ HÒT ,CJTG XGTIQNFGV CO $CPF DGKIGHÒIV $CPFUVÒEM OKV 5VKEMGTGK FGU 2QNK\GKCFNGTU &1'* 5 (14/ C *#46 *ª5- *75 -&1' -.+& 6CHGN 8++ 0+'/ E 1'- 8'40 +p++

&GWVUEJGU 4GKVGTCD\GKEJGP -NCUUG 9GK­OGVCNN XGTUKNDGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI 56'+0*#7'4 .ª%- .ª&'05%*'+& WPF )'5'6<. )'5%* 4'+%*58'4$ ( < 7 24 & 9#4/$. CP 0CFGN &1'* 5 (14/ D *#46 *ª5- -&1' -.+& :8+ 0+'/ D 0+// 1'- 8'40 ++

7195 7193

7194

'TFMCORH #D\GKEJGP FGT .WHVYCHHG <KPM #FNGT XGTUKNDGTV CWH FGT 4ÒEMUGKVG GKPG 0KGVG UKEJVDCT 4GUVG XQP <CRQPNCEM CP 0CFGN +P FGT QTKIKPCNGP GVYCU DGUEJ·FKIVGP 8GTNGKJWPIUVÒVG FGU *GTUVGNNGTU , ' *COOGT 5ÌJPG KP )GTKPIGTYCNFG &C\W GKPG 0CEJMTKGIUHGTVKIWPI FGU 6KGHHNKGIGTXGTPKEJVWPIU #D\GKEJGPU KP $TQP\G UQYKG FTGK .WHVYCHHGPCFNGT HÒT FKG &KGPUVCWU\GKEJPWPI &1'* 5 (14/ XCT *#46 *ª5- D -&1' -.+& :+8 0+'/ D XCT 0+// XCT 1'- 8'40 5VÒEM ++

(CNNUEJKTOUEJÒV\GP #D\GKEJGP FGT .WHVYCHHG 0GWUKNDGT QZ[FKGTV WPF /GUUKPI XGTIQNFGV CWH FGT 4ÒEMUGKVG FGU #FNGTU *GTUVGNNGTDG\GKEJPWPI % ' ,70%-'4 $'4.+0 5 9 CP 0CFGN KO 1TKIKPCNG VWK &C\W UGEJU CNVG 2JQVQITCRJKGP FCTWPVGT GKPG GKPGU .CIGTU KP 0QTFCHTKMC &1'* 5 (14/ C *#46 *ª5- C -&1' -.+& :+8 0+'/ C 0+// 1'- 8'40 ++

.CWV 0KOOGTIWV JCPFGNV GU UKEJ JKGTDGK WO FKG 5VCPFCTFCWUHÒJTWPI

/GFCKNNG \WO /CK <YGK 'ZGORNCTG PKEJV VTCIDCT &WTEJOGUUGT OO )GYKEJV EC IT UKNDGTHCTDGP FC\W XGTIQNFGVGU WPF GOCKNNKGTVGU 6GKNPGJOGT #D\GKEJGP HÒT FGP +PV -QPITGUU FGT - 1TICPKUCVQTGP W 6GEJPKMGT &ÒUUGNFQTH (GDT 5VÒEM ++

7196

)TQ­G 'KUGPOGFCKNNG <WT 'TKPPGTWPI CP FCU .·PFGTURKGN 'PINCPF &GWVUEJNCPF .QPFQP +O ,CJTG FGT 1N[ORKUEJGP 8QTDGTGKVWPI 'KUGP IGUEJY·T\V &WTEJOGUUGT OO CWH 5VGNNUQEMGN &C\W 'JTGPICDG FGU 1DGTDÒTIGTOGKUVGTU FGT 5VCFV &ÒUUGNFQTH 'KUGP IGUEJY·T\V OO Z OO

5VÒEM ++

/ÌINKEJGTYGKUG JCPFGNV GU UKEJ JKGTDGK WO GKPG 'TKPPGTWPIURNCMGVVG HÒT FKG VGKNPGJOGPFGP (W­DCNNURKGNGT

57

7197

7198

&'765%*' &'/1-4#6+5%*' 4'27$.+-

1TFGP 5VGTP FGT 8ÌNMGTHTGWPFUEJCHV 5VGTP FGT 8ÌNMGTHTGWPFUEJCHV KP )QNF $WPVOGVCNN XGTIQNFGV VGKNYGKUG GOCKNNKGTV 4ÒEMUGKVG INCVV CP 0CFGN $#-# +++ $#46 D $#46 D $#46 D *'1 XCT -&1' 1#0 4#/ 5 ++

8CVGTN·PFKUEJGT 8GTFKGPUVQTFGP )QNFUVWHG #WUHÒJTWPI OKV WPNÌUDCTGT 6TCIGXQTTKEJVWPI

$TQP\G XGTIQNFGV CP 6TCIGURCPIG &C\W $TQP\GUVWHG INGKEJG #WUHÒJTWPI CP 6TCIGURCPIG $#-# +8 XCT $#46 E $#46 D $#46 E *'1 -&1' 1#0 4#/ 5

5VÒEM ++

-QPXQNWV XQP HÒPH #WU\GKEJPWPIGP <YGK 5VÒEM 8CVGTN·PFKUEJG 8GTFKGPUVQTFGP KP $TQP\G UR·VG #WUHÒJTWPIGP \YGK 1TFGP $CPPGT FGT #TDGKV UQYKG GKPG 8GTFKGPUVOGFCKNNG LGYGKNU CP 6TCIGURCPIGP 5VÒEM ++

7200

$70&'54'27$.+- &'765%*.#0&

$WPFGUXGTFKGPUVQTFGP 5GV FGT 5QPFGTUVWHG FGU )TQ­MTGW\GU DGUVGJGPF CWU )TQ­MTGW\ \WT 5QPFGT UVWHG XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM OKV IGUVKEMVGP #FNGTP QJPG 5EJWN VGTDCPF WPF $TWUVUVGTP 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG \YGK *QJNPKGVGP UKEJV DCT CP 0CFGN FKGUG OKV 2WP\KGTWPI 5V . WPF &1' & *'1 -&1' 1#0 XCT 4#/ 5 5#..

5VÒEM +p++ #PHGTVKIWPI XQO 'PFG FGT GT ,CJTG

58

7201

$WPFGUXGTFKGPUVQTFGP 5GV FGU ITQ­GP 8GTFKGPUVMTGW\GU OKV 5VGTP WPF 5EJWNVGTDCPF DGUVGJGPF CWU )TQ­GU 8GTFKGPUVMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO \GTUEJPKVVGPGP 5EJWNVGTDCPF *GTTGPCWUHÃ&#x2019;JTWPI WPF $TWUVUVGTP 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGUG OKV 2WP\KGTWPI 5V .

WPF 5EJYCP &1' & *'1 XCT -&1' 1#0 XCT XCT 4#/ 5 5#..

5VÃ&#x2019;EM ++

#PHGTVKIWPI XQO 'PFG FGT GT ,CJTG

7202

$WPFGUXGTFKGPUVQTFGP 5GV FGU ITQ­GP 8GTFKGPUVMTGW\GU OKV 5VGTP DGUVGJGPF CWU )TQ­GU 8GTFKGPUV MTGW\ XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV OKV 2WP\KGTWPI 5V . WPF CP 0CFGN FKGUG OKV WPNGUGTNKEJGT 2WP\G &1' & *'1 -&1' 1#0 4#/ 5 5#..

5VÃ&#x2019;EM ++

#PHGTVKIWPI XQO 'PFG FGT GT ,CJTG

'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU 'JTGP\GKEJGP KP )QNF XGTIQNFGV WPF GOCKNNKGTV CWH FGO 4CPF FGU WPVGTGP -TGW\CTOU PWOGTKGTV CP &COGPUEJNGKHG &C\W $WPFGUXGTFKGPUVMTGW\ HÃ&#x2019;T #T DGKVULWDKNCTG CO $CPF OKV $CPFURCPIG 5KNDGTPGU 8GTFKGPUVMTGW\ FGT $WPFGUYGJT #WUHÃ&#x2019;JTWPI OKV UGRCTCV IGRT·IVGO /KVVGNOGFCKNNQP CO $CPF WPF JCODWTIKUEJG &CPMOGFCKNNG CO $CPF &1' & *'1 5 -&1' 5#..

5%*'/ 5VÃ&#x2019;EM ++

&CU 'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU KP )QNF YWTFG DKUJGT UGJT URCTUCO XGTNKGJGP WPF UGKV N·PIGTGT <GKV GTJ·NV GU PWT PQEJ FGT LGYGKNKIG $WPFGURT·UKFGPV CNU 5EJKTOJGTT FGU &GWVUEJGP 4QVGP -TGW\GU 5VÃ&#x2019;EMG OKV PKGFTKIGT 8GTNGKJWPIUPWOOGT UKPF FGO\WHQNIG TGNCVKX UGNVGP \W HKPFGP

'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU 'JTGP\GKEJGP KP 5KNDGT XGTUKNDGTV WPF GOCKNNKGTV CWH FGO 4CPF FGU WPVGTGP -TGW\CTOU PWOGTKGTV CO $CPF \WUCOOGP OKV -PQRHNQEJUEJNGKHG KO 1TKIKPCNGVWK &1' & *'1 5 -&1' 5#.. 5%*'/ +p++

59

7205

5EJNCTCHHKC 1TFGP FGU %CUVGNNWO 2GKPGPUG \W 2GKPG HÃ&#x2019;T 8GTFKGPUVG $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC %CTN 2QGNNCVJ KP 5EJTQDGPJCWUGP CP 0CFGN ++

7206

&'765%*' )4722'0 52#0)'0 /+0+#674'0-'66%*'0 70& 52#0)'0

)TQ­G (TCEMURCPIG OKV #WU\GKEJPWPIGP 2TGW­GP '- ++ 2TGW­GP -TQPGPQTFGP +8 -NCUUG <GPVTGP )QNF GOCKNNKGTV CWH FGO <[NKPFGT *GTUVGNNGTRWP\G <'*0 &GWVUEJGU 4GKEJ (TQPVM·ORHGTMTGW\ 2TGW­GP 1HHK\KGTU &KGPUVCWU\GKEJPWPI HÃ&#x2019;T ::8 ,CJTG 5VÃ&#x2019;EM ++

7207 1:1

60

/KPKCVWTGPMGVVEJGP OKV #WU\GKEJPWPIGP &GWVUEJGU 1N[ORKC 'JTGP\GKEJGP /GFCKNNG \WT 'TKPPGTWPI CP FGP /·T\ +VCNKGP 1TFGP FGT -TQPG XQP +VCNKGP 5VGTP \WO )TQ­QHHK\KGT 1TFGPUMTGW\ 7PICTP 8GTFKGPUVQTFGP $TWUVUVGTP \WO )TQ­MTGW\ 1TFGPUMTGW\ #NNG /KPKC VWTGP CW­GT KP 5KNDGT #WH FGO -PQRH *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )QFGV KP $GTNKP 5VÃ&#x2019;EM ++

-NGKPG 5COONWPI XQP XGTUEJKGFGPGP /KPKCVWTGP &CTWPVGT W C /GEMNGPDWTI 5EJYGTKP 4KVVGT MTGW\ FGU *CWUQTFGPU FGT 9GPFKUEJGP -TQPG )QNF GOCKNNKGTV 1NFGPDWTI 4KVVGTMTGW\ -NCUUG OKV -TQPG FGU *CWU WPF 8GTFKGPUVQTFGPU XQP *GT\QI 2GVGT (TKGFTKEJ .WFYKI WPF 8GTFKGPUVOGFCKNNG HÒT 4GVVWPI CWU )GHCJT WPF 5CEJUGP 9GKOCT 4KVVGTMTGW\ -NCUUG OKV 5EJYGTVGTP FGU )TQ­JGT\QINKEJ 5·EJUKUEJGP *CWUQTFGPU FGT 9CEJUCOMGKV QFGT XQO 9GK­GP (CNMGP WPF /GFCKNNG HÒT -WPUV WPF 9KU UGPUEJCHV -NCUUG 8GTUEJKGFGPG /GVCNNG VGKNYGKUG GOCKNNKGTV LGYGKNU CO TKEJVKIGP $·PF EJGP \WUCOOGP CNU /KPKCVWTGPURCPIG WPF HGUV KP GKPGO 2T·UGPVCVKQPUGVWK OQPVKGTV 5VÒEM + ++ +++

7209

)TQ­G (TCEMURCPIG OKV #WU\GKEJPWPIGP $4& 'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU OKV GKPIGUEJNCIGPGT /CVTKMGNPWOOGT &GWVUEJGU 4GKEJ /GFCKNNG 9KPVGTUEJNCEJV KO 1UVGP KP FGT JGWVKIGP 6TCIGYGKUG QJPG *CMGPMTGW\ 7PICTP -TKGIUFGPMOÒP\G HÒT 0KEJV -QO DCVVCPVGP OKV FC\WIGJÌTKIGT 4GXGTUUEJNGKHG &C\W 5VGEMMTGW\ HÒT DGUQPFGTG 8GTFKGPUVG WO FCU $C[GTK UEJG 4QVG -TGW\ FGU (TGKUVCCVGU $C[GTP 5VÒEM ++

416'5 -4'7< &'765%*.#0&

-QPXQNWV XQP FGWVUEJGP 4QV -TGW\ #WU\GKEJPWPIGP &CTWPVGT 5VÒEM FGT -CKUGT\GKV FGT 9GKOC TGT 4GRWDNKM WPF FGT $WPFGUTGRWDNKM &C\W \YGK -QRKGP XQP 4QV -TGW\ #WU\GKEJPWPIGP FGU UQIGP &TKVVGP 4GKEJGU 8GTUEJKGFGPG /GVCNNG ITÌ­VGPVGKNU GOCKNNKGTV GPVYGFGT CP 0CFGN QFGT CO $CPF KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP 5VÒEM +p++ ++ ++p+++ +++

-QPXQNWV XQP #D\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU &CTWPVGT 5VÒEM FGT -CKUGT\GKV FGT 9GK OCTGT 4GRWDNKM FGU UQIGP &TKVVGP 4GKEJGU WPF FGT $WPFGUTGRWDNKM UQYKG FTGK .CPFGUPQVQRHGTOG FCKNNGP &C\W YGKVGTG CWUN·PFKUEJG 4QV -TGW\ #D\GKEJGP 8GTUEJKGFGPG /GVCNNG ITÌ­VGPVGKNU GOCKN NKGTV GPVYGFGT CP 0CFGN QFGT CO $CPF KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP KP 2T·UGPVCVKQPUGVWK

5VÒEM +p++ ++ ++p+++ +++

&'765%*' -1081.76'

-QPXQNWV XQP EC XGTUEJKGFGPGP FGWVUEJGP #WU\GKEJPWPIGP &CTWPVGT W C 5RCPIGPRT·IWPI FGT $C[GTKUEJGP 5KNDGTPGP 6CRHGTMGKVUOGFCKNNG %JKPC &GPMOÒP\G *CODWTIKUEJGU *CPUGCVGPMTGW\ WPF 2TGW­KUEJG 4QV -TGW\ /GFCKNNG ++ -NCUUG 8GTUEJKGFGPG /GVCNNG VGKNYGKUG GOCKNNKGTV KP WPVGTUEJKGFNK EJGP 'TJCNVWPIGP ITÌ­VGPVGKNU CP $·PFGTP 5VÒEM ++ ++p+++

-NGKPG 5COONWPI XQP FGWVUEJGP 'JTGP\GKEJGP &C\W YGKVGTG KP WPF CWUN·PFKUEJG #WU\GKEJ PWPIGP /GFCKNNGP /KPKCVWTGP -QRKGP GVE 8GTUEJKGFGPG /GVCNNG VGKNYGKUG CP 0CFGN QFGT CO $CPF KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP 5VÒEM +p++ ++ ++p+++ +++

$GK FGO .QV MÌPPGP YKT MGKPG )CTCPVKG HÒT FKG 1TKIKPCNKV·V ÒDGTPGJOGP

-QPXQNWV OKV XGTUEJKGFGPGP 'JTGP\GKEJGP FGT -CKUGT\GKV WPF FGT 9GKOCTGT 4GRWDNKM &CTWPVGT RTGW­KUEJGU #NNIGOGKPGU 'JTGP\GKEJGP KP $TQP\G WPF $TGOGT 4QNCPF LGYGKNU CP $·PFGTP QFGT CP 0C FGN 5VÒEM ++

$GK FGO .QV MÌPPGP YKT MGKPG )CTCPVKG HÒT FKG 1TKIKPCNKV·V ÒDGTPGJOGP

61

#75. 0&+5%*' 14&'0 70& '*4'0<'+%*'0

7216 7215

-¤0+)4'+%*

);26'0

+UOCKN 1TFGP /QFGNN -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPF %*'( 5 XCT 1#0 XCT 1.5 - 6CHGN XCT 4#/ 5 XCT 4 +p++

9GUGPVNKEJ GKPHCEJGT KP UGKPGT )GUVCNVWPI QJPG 'OCKNNKGTWPI FGT -TQPG WPF OKV CPFGTGT /GFCKNNQPKPUEJTKHV JCPFGNV GU UKEJ JKGTDGK OÌINKEJGTYGKUG WO GKPG (GTVKIWPI FGT 'ZKNU\GKV -ÌPKI (CTWMU KP 4QO

)PCFGP WPF 9QJNYQNNGPOGFCKNNG -ÌPKI (QWCFU 5KNDGTPG /GFCKNNG CO $CPF 1.5 - 5 9KG CNNG ·I[RVKUEJGP 'JTGP\GKEJGP FKG PKEJV \WT 8GTNGKJWPI CP DTKVKUEJG 5VTGKVMT·HVG IGNCPIVGP UGNVGP

++

7218 7217

#OVUCD\GKEJGP HÒT QDGTUVG 4KEJVGT FGU -ÌPKITGKEJGU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV Z OO CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC (TQOGPV /GWTKEG CP 0CFGN 44 ++

+ORQUCPVGU WPF FWTEJ UGKPG )TÌ­G WPF JGTXQTTCIGPFG 8GTCTDGKVWPI UGJT DGGKPFTWEMGPFGU #OVUCD\GKEJGP

4'27$.+- 5'+6

62

1TFGP FGT 4GRWDNKM /QFGNN QJPG #FNGT )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK \KGTUFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG CTCDKUEJG *GTUVGNNGTDG \GKEJPWPI CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG CTCDKUEJG *GTUVGNNGTDG\GKEJPWPI &GMQTCVKQP WPF 6TCIGTKPI RWP\KGTV CP 0CFGN 5VGTP WPF 0CFGN RWP\KGTV %*'( 5 1#0 1.5 4 5 4#/ 5 41(( 5 5VÒEM ++

7219

7220

/KNKV·TOGFCKNNG FGT 4GRWDNKM /QFGNN OKV ·NVGTGO 9CRRGP FGT 4GRWDNKM /GFCKNNG -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV RWP\KGTV CO HCNUEJGP $CPF 1.5 4 5 44 ++

7221

5GJT JQJG ·I[RVKUEJG /KNKV·TCWU\GKEJPWPI FKG UGNVGP KO *CPFGN \W HKPFGP KUV

/GFCKNNG HÒT OKNKV·TKUEJG 2HNKEJVGTHÒNNWPI /GFCKNNG -NCUUG 5KNDGT XGTIQNFGV OGJTHCEJ RWP\KGTV CO $CPF 1.5 4 5 4 ++

9KG CNNG ·I[RVKUEJGP OKNKV·TKUEJGP /GFCKNNGP UGJT UGNVGP \W HKPFGP

/GFCKNNG HÒT OKNKV·TKUEJG 2HNKEJVGTHÒNNWPI /GFCKNNG -NCUUG 5KNDGT OGJTHCEJ RWP\KGTV CO $CPF 1.5 4 5 4 ++

7223

7222

37#614+#. )7+0'#

7PCDJ·PIKIMGKVUQTFGP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG 41(( 6CHGN 4 +p++

6*+12+'0 -#+5'44'+%* $+5

1TFGP FGU 5VGTPU XQP VJKQRKGP /QFGNN )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV CWH FGT 4ÒEMUGKVG RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5GXCFLKCP %12 5 1#0 41(( 5 5VÒEM ++

63

7224 7226

1TFGP FGU 5VGTPU XQP VJKQRKGP /QFGNN )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV QJPG *CNUDCPF WPF $TWUVUVGTP 5KNDGT XGTIQNFGV 0CFGN HGJNV %12 5 41(( 5

5VÒEM 44 5GJT HTÒJG ·VJKQRKUEJG #PHGTVKIWPI EC XQO 'PFG FGU ,CJTJWPFGTVU KP HGKPGT (KNKITCP WPF )TCPWNCVKQPUCTDGKV

1TFGP FGU 5VGTPU XQP VJKQRKGP /QFGNN $TWUVUVGTP \W )TQ­QHHK\KGT XGTIQNFGV CWH FGT 8QTFGTUGKVG -QTTQUKQPUHNGEM CP 0CFGN %12 5 41(( 5 ++p+++ 1TFGP FGU 5VGTPU XQP VJKQRKGP /QFGNN -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV CO CNVGP *CNUDCPFUVÒEM \WO GKPMPÌRHGP %12 5 41(( 5 ++ NVGTGU 'ZGORNCT ·VJKQRKUEJGT #PHGTVKIWPI YQJN CWU FGP GT ,CJTGP

7227

7230 7231

1TFGP XQO 5KGIGN -ÌPKI 5CNQOQU /QFGNN UR·VGTGT 6[R QJPG 'OCKNNG -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV CO HCNUEJGP *CNUDCPFCDUEJPKVV %12 5 1#0 XCT 41(( 5 ++ 1TFGP XQO 5KGIGN -ÌPKI 5CNQOQU /QFGNN UR·VGTGT 6[R QJPG 'OCKNNG -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV CO HCNUEJGP *CNUDCPFCDUEJPKVV %12 5 1#0 XCT 41(( 5 ++ 1TFGP -CKUGT /GPGNKMU ++ -QOOCPFGWTMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV %12 5 1#0 41(( 5 ++ -TGW\ FGU 5KGIGUUVGTPU 8GTUKNDGTV CO $CPF %12 5 )+..'6 5 # ++ 8GTFKGPUVMTGW\ FGU VJKQRKUEJGP 4QVGP -TGW\GU 8GTFKGPUVMTGW\ -NCUUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF 4 ++ &CU 8GTFKGPUVMTGW\ -NCUUG KUV UGNVGP

64

8GTFKGPUVMTGW\ FGU VJKQRKUEJGP 4QVGP -TGW\GU 8GTFKGPUVMTGW\ -NCUUG XGTUKNDGTV WPF GOCKNNKGTV CO $CPF ++

7234 1:1

7236 1:1 7235

7233

#()*#0+56#0

-¤0+)4'+%*

5QPPGPQTFGP $TWUVUVGTP 5KNDGT <GPVTWO )QNF CP 0CFGN 1#0

5QPPGPQTFGP /KPKCVWT FGU $TWUVUVGTPU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV QJPG $·PFEJGP 1#0

4

5VGTP 1TFGP 1TFGPUFGMQTCVKQP 5KNDGT <GPVTWO )QNF CWH FGT 4ÒEMUGKVG )TCXWT KP CTCDKUEJ QJPG $CPF 1#0 4 ++

6TGWG 1TFGP /KPKCVWT FGT -NCUUG 5KNDGT XGTIQNFGV CO $·PFEJGP 1#0

5GJT UGNVGPGT 5VGTP KP CW­GTIGYÌJPNKEJGT 'TJCNVWPI

44 +p++

4 ++

7238

7237

1TFGP FGU &QQTCPGG 'ORKTG /WUGWOUCPHGTVKIWPI FGU )TQ­MTGW\UGVU DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV CWHIGUGV\VGP 5KOKNKRGTNGP OKV EC EO NCPIGO 5EJ·TRGPCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV GDGPHCNNU OKV CWHIGUGV\VGP 5KOKNKRGTNGP CP 0CFGN 1#0 XCT XIN 8'40 5 5VÒEM +p++

/WUGWOUCPHGTVKIWPI KP JGTXQTTCIGPFGT 3WCNKV·V CWU FGP GT QFGT GT ,CJTGP FGU ,J GTUVMNCUUKIGT 'TUCV\ HÒT FKG KO 1TKIKPCN PCJG\W PKEJV DGUEJCHHDCTGP +PUKIPKGP

(ª456'067/

#.$#0+'0

1TFGP XQO 5EJYCT\GP #FNGT $TQP\GPG 8GTFKGPUVOGFCKNNG CO $CPF -.'0 1#0 5 8'40 <'+ +p++

-NKGVOCPP PGPPV KP UGKPGO #WHUCV\ -NKGVOCPP -WTV )GTJCTF 5EJYCT\GT #FNGT 1TFGP +P 1TFGPU .GZKMQP $GTNKP QJPG ,CJT QJPG FKTGMVG 3WGNNGPCPICDG CEJV 8GTNGKJWPIGP FGT $TQP\GOGFCKNNG FKG CNNG GTUV KO 'ZKN CP #PIG JÌTKIG FGT (ÒTUVNKEJ 5EJÌPDWTI 9CNFGPDWTIKUEJGP 8GTYCNVWPI GTHQNIV UKPF +P #NDCPKGP UGNDUV MCOGP FKG /GFCKNNGP PKEJV \WT 8GTNGKJWPI

65

7240 7239

-¤0+)4'+%* 706'4 <1)7

5MCPFGTDGI 1TFGP /QFGNN 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4CXKQNQ WPF )CTFKPQ KP 4QO CP 0CFGN -.'0 1#0 XCT 8'40 <'+ 4 +p++

&KG 1HHK\KGTUFGMQTCVKQPGP FGU 5MCPFGTDGI 1TFGPU IGJÌTGP \W FGP UGNVGPUVGP CNDCPKUEJGP #WU\GKEJPWPIGP

*GNFGPQTFGP HÒT 6CRHGTMGKV &GMQTCVKQP -NCUUG /GFCKNNG $TQP\G CO $CPF -.'0 1#0 8'40 <'+ 44 ++

5GJT UGNVGPG #WU\GKEJPWPI FKG PWT KP YGPKIGP 'ZGORNCTGP Y·JTGPF FGT 4GIKGTWPI -ÌPKI <QIWU XGTNKGJGP YQTFGP KUV

7241 1:1 7242

+6#.+'0+5%*' $'5'6<70)

5MCPFGTDGI 1TFGP /QFGNN $TWUVUVGTP \WO )TQ­QHHK\KGT OKV *GNO KO /GFCKNNQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )CTFKPQ %TCXCP\QNC KP 4QO CP 0CFGN -.'0 1#0 XCT 8'40 <'+ 4 +p++

&KG $TWUVUVGTPG \WO )TQ­QHHK\KGT UKPF YGKVCWU UGNVGPGT \W HKPFGP CNU FKG \WO )TQ­MTGW\ &KG )TQ­MTGW\G IGNCPIVGP YGUGPVNKEJ J·WHKIGT \WT 8GTNGKJWPI CNU FKG )TQ­QHHK\KGTG

66

5MCPFGTDGI 1TFGP /QFGNN 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )CTFKPQ %TCXCP\QNC KP 4QO CP 0CFGN -.'0 1#0 4#8 6CHGN :.+ 8'40 <'+ 4 +p++

7244 1:1

7243 1:1

#4)'06+0+'0

1TFGP FGU $GHTGKGTU 5CP /CTVÃP -NGKPQF \WT 1TFGPUMQNNCPG )GND 9GK­ WPF 4QVIQNF VGKNYGKUG GOCKNNKGTV $TKNNCPVGP WPF 4WDKPG 'EJVJGKV PKEJV IGRTÒHV VGKNYGKUG HGKPUV \KUGNKGTV 1#0 44 +

9WPFGTUEJÌP IGCTDGKVGVGU -NGKPQF DGK FGO DGUQPFGTU FGT -QPFQT FWTEJ UGKPG UGJT RNCUVKUEJG )GUVCNVWPI DGUVKEJV

1TFGP FGU $GHTGKGTU 5CP /CTVÃP /KPKCVWT \WO )TQ­MTGW\ )QNF GOCKNNKGTV CO $·PFEJGP OKV 4Q UGVVG 4 +p++

7245

/CK 1TFGP HÒT 8GTFKGPUVG #DVGKNWPI HÒT CNNIGOGKPG 8GTFKGPUVG /QFGNN -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO CNVGP *CNUDCPF 1#0 ++

67

7248

7247

/CK 1TFGP HÒT 8GTFKGPUVG #DVGKNWPI HÒT CNNIGOGKPG 8GTFKGPUVG /QFGNN -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV QJPG *CNUDCPF 1#0 ++

/CK 1TFGP HÒT 8GTFKGPUVG #DVGKNWPI HÒT CNNIGOGKPG 8GTFKGPUVG /QFGNN $TWUVUVGTP \WO )TQ­QHHK \KGT 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 XCT ++

&GT $TWUVUVGTP YKTF KP FKGUGT -NCUUG CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ IGVTCIGP

/CK 1TFGP HÒT 8GTFKGPUVG #DVGKNWPI HÒT CNNIGOGKPG 8GTFKGPUVG /QFGNN )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGP UVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 5VÒEM ++

/CK 1TFGP HÒT 8GTFKGPUVG #DVGKNWPI HÒT CNNIGOGKPG 8GTFKGPUVG /QFGNN -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV QJPG *CNUDCPF 1#0 ++

7250

7251

/CTKPGXGTFKGPUVQTFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 5VÒEM ++

$'.)+'0

.GQRQNF 1TFGP /QFGNN -QOOCPFGWTUVGTP )QNF #WHNCIGP 5KNDGT WPF )QNF GOCKNNKGTV 4ÒEMUGKVGPOGFCKNNQP HGJNV CP GEJV IQNFGPGT 0CFGN FKGUG OGJTHCEJ RWP\KGTV $140 5 %140 *'1 -';57 -.'0 1#0 4#/ 5 64+2 # G 8'40 <'+

8QP ITQ­GT 5GNVGPJGKV + +++ &CU GTUVG /QFGNN FCU MGKPG )TQ­QHHK\KGTU -NCUUG MCPPVG UCJ KP UGKPGP 5VCVWVGP XQT FCUU \WO -QOOCPFGWTMTGW\ GKP $TWUVUVGTP IGVTCIGP YGTFGP UQNNVG &KGUGT YCT \WT FCOCNKIGP <GKV PQEJ XQTYKGIGPF KP IGUVKEMVGT (QTO LGFQEJ ICD GU DGTGKVU CWEJ /GVCNNUVGTPG YKG FCU XQTNKGIGPFG 'ZGORNCT &KG PGWGP 5VCVWVGP XQP UCJGP MGKPGP $TWUVUVGTP OGJT \WT -QOOCPFGWTMNCUUG XQT FGPPQEJ HWJTGP GKPG 4GKJG XQP +PJCDGTP FKGUGT -NCUUG DGUQPFGTU FKGLGPKIGP FKG UKG XQT XGTNKGJGP DGMQOOGP JCVVGP HQTV FGP 5VGTP \W VTCIGP +O -ÌPKINKEJGP #TOGGOWUGWO KP $TÒUUGN UKPF GKPKIG FKGUGT 5VGTPG \W UGJGP

68

7252

.GQRQNF 1TFGP /QFGNN 6[R CD OKV -TQPG XQO 6[R DQOD¾ ¾VTQKV 1HHK \KGTUMTGW\ )QNF GOCKNNKGTV CO $CPF OKV CNVGT 4QUGVVG KO \GKVIGPÌUUKUEJGP NGKEJV TGUVCWTKGTVGO 1TKIK PCNGVWK $140 5 %140 6CHGN 8+ XCT *'1 XCT -';57 -.'0 1#0 4#/ 5 64+2 # I 8'40 <'+ 4 ++

*GTXQTTCIGPF GTJCNVGPGU -TGW\ CWU FGT (TÒJ\GKV FGU 1TFGPU KP DGUVGT #PHGTVKIWPIUSWCNKV·V FGT GT ,CJTG FGU ,CJTJWPFGTVU

7253

7254

.GQRQNF 1TFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­QHHK\KGTU $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC $WNU KP $TÒUUGN $140 5 %140 6CHGN +8 *'1 XCT -';57 -.'0 1#0 5 4#/ 5 64+2 # F 8'40 <'+ +p++

5EJÌPG CNVG #PHGTVKIWPI XQO 'PFG FGU ,CJTJWPFGTVU &GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

.GQRQNF 1TFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­QHHK\KGTU $TWUVUVGTP OKV 5EJYGTVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV OKPKOCNG 'OCKNNGCDURNKVVGTWPIGP KO 5EJTKH VTKPI CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC $WNU KP $TÒUUGN $140 5 %140 6CHGN +8 *'1 -';57 -.'0 1#0 5 4#/ 5 64+2 # F 8'40 <'+ ++

5EJÌPG CNVG #PHGTVKIWPI XQO 'PFG FGU ,CJTJWPFGTVU &GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

69

7256

7255

7255

.GQRQNF 1TFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV -QOOCPFGWTMTGW\ OKV 5EJYGTVGTP 6[R OKV -TQPG FGU UQ IGPCPPVGP 6[RWU DQOD¾ NCTIG )QNF GOCKNNKGTV CO CNVGP MWT\GP 'KPMPÒRH *CNUDCPF $140 5 %140 6CHGN 8+ XCT *'1 XCT -';57 XCT -.'0 1#0 XCT 4#/ 5 64+2 # G 8'40 <'+ 4 +p++

(TÒJGU 'ZGORNCT XQO $GIKPP FGT 8GTNGKJWPIU\GKV FGU /QFGNNU FCU PCEJ $QTP¾ WPF 6TKRPCWZ OKV FKGUGT -TQPGPHQTO PWT DKU EC XGTNKGJGP YQTFGP KUV

.GQRQNF 1TFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV 1HHK\KGTUMTGW\ 6[R

OKV -TQPG FGU UQ IGPCPPVGP 6[RWU ENCUUKSWG OKV + KO MÌPKINKEJGP /QPQITCOO FGT 4ÒEMUGKVG )QNF GOCKNNKGTV QJPG $CPF $140 5 %140 6CHGN 8+ XCT *'1 XCT -';57 -.'0 1#0 XCT 4#/ 5 64+2 # H 8'40 <'+ +

7257 7258

.GQRQNF 1TFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV 4KVVGTMTGW\ 6[R

OKV -TQPG FGU UQ IGPCPPVGP 6[RWU DQOD¾ NCTIG 5KNDGT <GPVTGP )QNF GOCKNNKGTV CO $CPF $140 5 XCT %140 6CHGN 8+ XCT *'1 XCT -';57 XCT -.'0 1#0 XCT 4#/ 5 64+2 # I 8'40 <'+ ++

(TÒJGU 'ZGORNCT XQO $GIKPP FGT 8GTNGKJWPIU\GKV FGU /QFGNNU FCU PCEJ $QTP¾ WPF 6TKRPCWZ OKV FKGUGT -TQPGPHQTO PWT DKU EC XGTNKGJGP YQTFGP KUV

70

-TQPGPQTFGP -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV \CJNTGKEJG #DRNCV\WPIGP KP FGT ITÒPGP 'OCKNNG CO CNVGP *CNUDCPFCDUEJPKVV $140 5 %140 6CHGN :+++ XCT *'1 -';57 -.'0 1#0 4#/ 5 64+2 # D 8'40 <'+ ++p+++

-- 7261 --

7259

-TQPGPQTFGP )TQ­QHHK\KGTU $TWUVUVGTP /QFGNN UGKV 5KNDGT #WHNCIGP XGTIQNFGV WPF GOCKN NKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC &G)TGGH KP $TÃ&#x2019;UUGN CP 0CFGN $140 5 %140 6CHGN :+++ *'1 -';57 -.'0 1#0 5 4#/ 5 64+2 # C 8'40 <'+ +p++

&GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKPG QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

-TQPGPQTFGP 4KVVGTFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF $140 5 %140 6CHGN :+8 *'1 XCT -';57 -.'0 1#0 4#/ 5 64+2 # D 8'40 <'+ +p++

1TFGP .GQRQNF ++ /QFGNN OKV 9CRRGP FGU -QPIQ 5VCCVGU )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OKP 'OCKNNGCWUDTWEJ KO 5EJTKHVTKPI CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC &G 8KIPG *CTV KP $TÃ&#x2019;UUGN $140 5 HH %140 5 HH -.'0 1#0 5 4#/ 5 64+2 # C 8'40 <'+ 5VÃ&#x2019;EM 8QP ITQ­GT 5GNVGPJGKV +p

8QP UGKPGT 5VKHVWPI CP YCT FGT 1TFGP GKPG #WU\GKEJPWPI FGU WPCDJ·PIKIGP -QPIQUVCCVGU 'T YWTFG GTUV XQP $GNIKGP Ã&#x2019;DGTPQOOGP &CU GTUVG /QFGNN FGU 1TFGPU XQP DKU KUV KP CNNGP UGKPGP +PUKIPKGP CWHITWPF FGT UGJT MWT\GP 8GTNGKJWPIU\GKV CW­GTQTFGPVNKEJ UGNVGP

7262

7263

7264

1TFGP .GQRQNF ++ /QFGNN OKV 9CRRGP FGU -QPIQ 5VCCVGU -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OGJTGTG 'OCKNNGCWUDTÃ&#x2019;EJG KO 5EJTKHVTKPI CO *CNUDCPFCDUEJPKVV $140 5 HH %140 5 HH -.'0 1#0 5 4#/ 5 64+2 # C 8'40 <'+ 44 ++p

1TFGP .GQRQNF ++ /QFGNN OKV 9CRRGP FGU -QPIQ 5VCCVGU UR·VGTG #PHGTVKIWPI FGU 1HHK\KGTUMTGW\GU XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV 4QUGVVG ++

#PHGTVKIWPI YQJN CWU FGP GT ,CJTGP

1TFGP .GQRQNF ++ /QFGNN OKV 9CRRGP FGU -QPIQ 5VCCVGU UR·VGTG #PHGTVKIWPI FGU 4KVVGTMTGW\GU XGTUKNDGTV WPF VGKNYGKUG GOCKNNKGTV CO $CPF ++

#PHGTVKIWPI YQJN CWU FGP GT ,CJTGP

71

7265 7266

7267

1TFGP .GQRQNF ++ /QFGNN OKV 9CRRGP FGU -QPIQ 5VCCVGU 5KNDGTPG 8GTFKGPUVOG FCKNNG #WUHÃ&#x2019;JTWPI OKV UGRCTCV IGRT·IVGP /GFCKNNQPU $TQP\G XGTUKNDGTV CO $CPF $140 5 HH %140 5 HH -';57 XCT -.'0 1#0 5 4#/ 5 64+2 # C 8'40 <'+ 4 ++

6TKRPCWZ HÃ&#x2019;JTV LGFQEJ QJPG 3WGNNGPCPICDG CWU FCUU FKG 8GTFKGPUVOGFCKNNGP FGU GTUVGP /QFGNNU CWU GKPGO 5VÃ&#x2019;EM IGRT·IV YCTGP WPF UVGNNV KP (TCIG QD GU Ã&#x2019;DGTJCWRV 'ZGORNCTG KP XGTUKNDGTVGT $TQP\G IGIGDGP JCV 'T UVGNNV YGKVGTJKP HGUV FCUU GU UKEJ DGK FGO DGK -G[OGWNGP WPF 5WGVGPU CDIGDKNFGVGP 'ZGORNCT WO GKPG 0CEJDKNFWPI JCPFGNV #NNGT FKPIU YGKUV FCU JKGT CPIGDQVGPG 'ZGORNCT FGWVNKEJG 7PVGTUEJKGFG \W FGO XQTJGT GTY·JPVGP CWH 'U JCPFGNV UKEJ WPUGTGT /GKPWPI PCEJ WO GKP 1TKIKPCN

1TFGP .GQRQNF ++ /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV $TWUVUVGTP \WO )TQ­ MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN $140 5 XCT %140 6CHGN :8+ *'1 -';57 -.'0 1#0 4#/ 5 64+2 # D 8'40 <'+ +p++

1TFGP .GQRQNF ++ /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­QHHK\KGTU $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC %TCXCP \QNC KP 4QO CP 0CFGN $140 5 %140 6CHGN :8++ -';57 -.'0 1#0 5 4#/ 5 64+2 # D 8'40 <'+ +p++

&GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

7268 7269

1TFGP .GQRQNF ++ /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­QHHK\KGTU $TWUVUVGTP 8CTKCPVG OKV UKNDGTHCTDGPGO 1TFGPUMTGW\ WPF -TQPG QJPG 'OCKNNKGTWPI FGU 5EJTKHVDCPFGU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN $140 5 %140 6CHGN :8++ -';57 -.'0 1#0 5 4#/ 5 64+2 # D 8'40 <'+ +p++

+PVGTGUUCPVG 8CTKCPVG &GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

72

1TFGP .GQRQNF ++ /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO *CNUDCPFCDUEJPKVV $140 5 %140 6CHGN :8+ *'1 XCT -';57 -.'0 1#0 4#/ 5 64+2 # D 8'40 <'+ +p++

7270 1:1

#HTKMCPKUEJGT 5VGTPGPQTFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG 'OCKNNGUEJ·FGP KO 4Ã&#x2019;EM UGKVGPOGFCKNNQP OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC (KDTW (KUEJ KP $TÃ&#x2019;UUGN CP 0CFGN $140 5 %140 6CHGN 8+++ *'1 XCT -.'0 1#0 4#/ 5 64+2 # D E 8'40 <'+ 5VÃ&#x2019;EM 4 ++ +++ +

8QP UGKPGT 5VKHVWPI CP YCT FGT 1TFGP GKPG #WU\GKEJPWPI FGU WPCDJ·PIKIGP -QPIQUVCCVGU 'T YWTFG GTUV XQP $GNIKGP Ã&#x2019;DGTPQOOGP WPF DKU \WT 7PCDJ·PIKIMGKV FGU -QPIQU KO ,CJTG XGTNKGJGP

73

7271 7272

#HTKMCPKUEJGT 5VGTPGPQTFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV -QOOCPFGWTU FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV $140 5 %140 6CHGN 8+++ *'1 XCT -.'0 1#0 4#/ 5 64+2 # F 8'40 <'+ 4 ++

#HTKMCPKUEJGT 5VGTPGPQTFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV 1HHK\KGTUFGMQ TCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 4QUGVVG $140 5 %140 6CHGN 8+++ *'1 -.'0 1#0 4#/ 5 64+2 # G 8'40 <'+ ++

7273 7274

7274

-ÌPKINKEJGT .ÌYGPQTFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV -QOOCPFGWT MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV $140 5 %140 6CHGN : *'1 XCT -.'0 1#0 4#/ 5 64+2 # F 8'40 <'+ 4 ++

8QP UGKPGT 5VKHVWPI CP YCT FGT 1TFGP GKPG #WU\GKEJPWPI FGU WPCDJ·PIKIGP -QPIQUVCCVGU 'T YWTFG GTUV XQP $GNIKGP ÒDGTPQOOGP WPF DKU \WT 7PCDJ·PIKIMGKV FGU -QPIQU KO ,CJTG XGTNKGJGP

74

-ÌPKINKEJGT .ÌYGPQTFGP /QFGNN GKPURTCEJKIG /GFCKNNQPKPUEJTKHV 4KVVGTMTGW\ 5KN DGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF $140 5 %140 6CHGN :+ *'1 XCT -.'0 1#0 4#/ 5 64+2 # H 8'40 <'+

7276

7276 7275

-ÌPKINKEJGT .ÌYGPQTFGP /QFGNN \YGKURTCEJKIG /GFCKNNQPKPUEJTKHV )TQ­QHHK\KGTU $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC (KDTW (KUEJ KP $TÒUUGN CP 0CFGN $140 5 %140 6CHGN : -.'0 4#/ 5 64+2 # E 8'40 <'+ 44 +

&GT )TQ­QHHK\KGTU $TWUVUVGTP YKTF CNNGKP QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP #WHITWPF UGKPGT UGJT MWT\GP 8GTNGKJWPIU\GKV XQP PWT ,CJTGP UGJT UGNVGP

'KUGTPGU -TGW\ HÒT 4GFWMVKQP FGU -TGW\GU 'KUGP CWUIGU·IV IGHCUUV KP )QNF OKV <GPVTWO KP )QNF &WTEJOGUUGT OO CO $CPF FGT -NCUUG $140 5 64+2 % 8'40 4 ++

6TQV\ FGT XQP $QTP¾ IGPCPPVGP #P\CJN XQP KPUIGUCOV 8GTNGKJWPIGP KUV FKGUGU -TGW\ \KGONKEJ UGNVGP CWH FGO /CTMV \W HKPFGP

7281 7277 7278

&KGPUV 5VGTP /QFGNN OKV %JKHHTG -ÌPKI #NDGTVU )QNFGPGT 5VGTP HÒT &KGPUVLCJTG 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV IQNFGPGT $CPFURCPIG HÒT YGKVGTG \YGK ,CJTG 5KNDGT XGTIQNFGV $140 5 -';57 XCT 64+2 1 D 8'40

8QP UGKPGT 5VKHVWPI CP YCT FGT &KGPUV 5VGTP GKPG #WU\GKEJPWPI FGU WPCDJ·PIKIGP -QPIQUVCCVGU 'T YWTFG GTUV XQP $GNIKGP ÒDGTPQOOGP

2TKXCVGT 1TFGP .GQRQNF +++ -QOOCPFGWTMTGW\ XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV -QTTQUKQPU HNGEMGP CP FGT -TQPG QJPG $CPF ++p

-QPXQNWV XQP #WU\GKEJPWPIGP FGU 'TUVGP 9GNVMTKGIGU &CTWPVGT -TKGIUMTGW\G UQYKG LGYGKNU GKP ;UGT -TGW\ WPF GKPG ;UGT /GFCKNNG &C\W 'TKPPGTWPIUMTGW\ CP FKG 4GIKGTWPI -ÌPKI .GQRQNF + #NNG KP QTFGPVNKEJGT 'TJCNVWPI WPF CP $·PFGTP 5VÒEM ++

-QPXQNWV XQP #WU\GKEJPWPIGP &CTWPVGT 4KVVGTMTGW\ FGU 1TFGPU .GQRQNF ++ GKPURTCEJKIGU /Q FGNN 5KNDGT WPF FGU -TQPGPQTFGPU 5KNDGT GOCKNNKGTV UQYKG OGJTGTG <KXKNXGTFKGPUVCWU\GKEJPWPIGP WPF #TDGKVUXGTFKGPUVCWU\GKEJPWPIGP KP WPVGTUEJKGFNKEJGP /GVCNNGP CEJV CP $·PFGTP UGEJU KP 'VWKU KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP 5VÒEM

$74/# /;#0/#4

6CRHGTMGKVUOGFCKNNG 5KNDGT VGKNYGKUG GOCKNNKGTV CO $CPF &C\W #WPI 5CP /GFCKNNG CO $CPF 4#/ 5VÒEM 4

9KG CNNG DWTOGUKUEJGP #WU\GKEJPWPIGP UGNVGP \W HKPFGP

75

7282 1:1

7282 1:1

7283 1:1

-#+5'44'+%*

$4#5+.+'0

1TFGP FGU JN $GPGFKMV XQP #XK\ 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV 'OCKNNG NGKEJV CPIGNCWHGP OKP 'OCKNNGUEJCFGP KP GKPGT -TGW\URKV\G FKG /KVVGNOGFCKNNQPU PKEJV \GPVTKGTV CO HCNUEJGP $CPF OKV GEJV IQNFGPGT 6TCIGUEJPCNNG )+..5# 5 21.+# (CTDVCHGN 8'40 8QP ITQ­GT 5GNVGPJGKV ++

'ZVTGO UGNVGPG &GMQTCVKQP FGTGP $GFGWVWPI FWTEJ FKG QDGP GTY·JPVGP MNGKPGP 'KPUEJT·PMWPIGP PKEJV IGUEJO·NGTV YKTF

4QUGPQTFGP $TWUVUVGTP \WO &KIPKVCT WPF \WO 1HHK\KGT )QNF CWEJ FGT 5VGTPMQTRWU GOCKNNKGTV CP IQNFGPGT 0CFGN KO 1TKIKPCNGVWK FGT (KTOC 8KEVQT 4GUUG KP 4KQ FG ,CPGKTQ )+..5# 6CHGN +++ XCT 21.+# (CTDVCHGN 8'40 44 +

9WPFGTUEJÌP IGCTDGKVGVGT 1TFGP FGT XQP XKGNGP 5COONGTP CNU UEJÌPUVGT 1TFGP ÒDGTJCWRV CPIGUGJGP YKTF KP HTÒJGT GEJV IQNFGPGT #WUHÒJTWPI WO FKG /KVVG FGU ,CJTJWPFGTVU

7284 1:1

7285

4QUGPQTFGP 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV CWH FGT 8QTFGTUGKVG GKPG 4QUG IGEJKRRV CWH FGT 4ÒEM UGKVG FTGK 4QUGP WPF GKPG 5VGTPURKV\G IGEJKRRV &WTEJOGUUGT OO CO CNVGP 1TKIKPCNDCPF )+..5# 5 21.+# (CTDVCHGN 8'40 4 ++p+++

5GJT HTÒJGU 'ZGORNCT CWU FGT 4GIKGTWPIU\GKV -CKUGT 2GFTQU + FCU PCEJ 2QNKCPQ KPUIGUCOV PWT OCN Y·JTGPF UGKPGT 4GIKGTWPI XGTNKGJGP YWTFG

4QUGPQTFGP 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG HGJNV GKPG 'OCKNNGTQUG &WTEJOGUUGT OO CO CNVGP 1TKIKPCNDCPF KO 1TKIKPCNGVWK CWU FGT 4GIKGTWPIU\GKV 2GFTQU ++ )+..5# 5 21.+# (CTDVCHGN 8'40 ++ )TÌ­G #WUHÒJTWPI WPF #PHGTVKIWPIUSWCNKV·V NCUUGP CWH GKPG *GTUVGNNWPI KO NGV\VGP 8KGTVGN FGU ,CJTJWPFGTVU UEJNKG­GP

76

7286

7288

$70&'54'27$.+- 5'+6

1TFGP HÒT /CTKPGXGTFKGPUV )TQ­QHHK\KGTUUGV KP LÒPIGTGT #WUHÒJTWPI QJPG GOCKNNKGTVGU 9CRRGP CWH FGT 4ÒEMUGKVG FGU -NGKPQFU DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OKV NQUG DGKIGHÒIVGT 0C FGN 1#0 8'40 5VÒEM ++

1TFGP HÒT /CTKPGXGTFKGPUV -QOOCPFGWTUGV KP ·NVGTGT #WUHÒJTWPI OKV GOCKNNKGTVGO 9CRRGP CWH FGT 4ÒEMUGKVG FGU -NGKPQFU DGUVGJGPF CWU -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNU DCPFCDUEJPKVV \WUCOOGP OKV /KPKCVWT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $·PFEJGP OKV CWHIGNGIVGT 4QUGVVG WPF +PVGTKOURCPIG OKV CWHIGNGIVGT 4QUGVVG 1#0 8'40 5VÒEM

8GTFKGPUVQTFGP FGT $TCUKNKCPKUEJGP #MCFGOKG HÒT /KNKV·TOGFG\KP KP 4KQ FG ,CPGKTQ $TQP\G XGTUKN DGTV VGKNYGKUG XGTIQNFGV GOCKNNKGTV CO *CNUDCPF &C\W PQEJ 8GTFKGPUVOGFCKNNGP FGT #MCFGOKG CP $·PFGTP 5VÒEM +p++

7289

7289

$7.)#4+'0 (ª456'067/

5V #NGZCPFGT 1TFGP /QFGNN OKV -ÌPKIUMTQPG 5GV FGT 5VWHG DGUVGJGPF CWU -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KP FGT 6TCIGÌUG RWP\KGTV QJPG 5EJWNVGTDCPF WPF $TWUV UVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV &'0- XCT -.'0 1#0 2'641 5 4#/ 5 41$7 8'40 <'+ 5VÒEM 4 +p++

77

7290 1:1

<#4'067/

5V #NGZCPFGT 1TFGP /QFGNN 5GV FGT 5VWHG HÒT &COGP KP $TKNNCPVGP DGUVGJGPF CWU -TGW\ 5VWHG )QNF 5KNDGT 'OCKNNG CWH FGT 8QTFGTUGKVG DGUGV\V OKV EC &KCOCPV 4QUGP KP WPVGT UEJKGFNKEJGT )TÌ­G KO )GUCOVIGYKEJV XQP EC EV *ÌJG GKPUEJNKG­NKEJ 4KPI OO $TGKVG OO )GYKEJV EC IT WPF $TWUVUVGTP )QNF 5KNDGT 'OCKNNG CWH FGT 8QTFGTUGKVG DGUGV\V OKV EC &KC OCPV 4QUGP KP WPVGTUEJKGFNKEJGT )TÌ­G KO )GUCOVIGYKEJV XQP EC EV *ÌJG OO $TGKVG OO )GYKEJV EC IT CP 0CFGN FCTCWH *GTUVGNNGT $G\GKEJPWPI % ( 416*' WPF 9+'0 -.'0 XCT XCT 41$7 $ 8'40 <'+ XCT 5VÒEM 8QP ITÌ­VGT 5GNVGPJGKV +

&CU )TQ­MTGW\ KP $TKNNCPVGP DGK FGO FKG 8QTFGTUGKVG FGT +PUKIPKGP XQNNUV·PFKI OKV 5VGKPGP DGUGV\V KUV KO )GIGPUCV\ \W FGP +PUKIPKGP FKG PWT GKPGP $TKNNCPVTKPI WO FCU /KVVGNOGFCKNNQP CWHYGKUGP YCT PWT HTGOFGP 5QWXGT·PGP FGTGP )GOCJNKPPGP WPF JÌEJUVGP 9ÒTFGPVT·IGTP CWUN·PFKUEJGT 5VCCVGP XQTDGJCNVGP 5Q YWTFG \ $ CWEJ *GTOCPP )ÌTKPI UQNEJ GKP )TQ­MTGW\UCV\ XGTNKGJGP UKGJG 0GWDGEMGT 1 &KG 1TFGP *GTOCPP )ÌTKPIU (TKFKPIGP )TQ­MTGW\ UGVU KP $TKNNCPVGP FGU 5V #NGZCPFGTQTFGPU HKPFGP UKEJ W C KP FGP 5COONWPIGP XQP 5KOGQP XQP $WNICTKGP XQP &T #PVQPKQ 5RCFC WPF FGU 6QRMCRK 2CNCUVGU KP +UVCPDWN 'PFG 0QXGODGT YWTFG KO .CWHG GKPGT #WMVKQP KP )GPH GKP XGTINGKEJDCTGT 5GV JKGT LGFQEJ KP FGT #WUHÒJTWPI HÒT *GTTGP \WO #WUTWH XQP %*( CPIGDQVGP

+O )GIGPUCV\ \W FGP +PUKIPKGP HÒT *GTTGP UKPF FKGLGPKIGP HÒT &COGP KP FGT )TÌ­G NGKEJV TGFW\KGTV 5Q YGKUV FKGUGU )TQ­MTGW\ PWT GKPG *ÌJG XQP OO IGIGPÒDGT EC OO HÒT *GTTGP CWH FGT $TWUVUVGTP PWT GKPG *ÌJG XQP OO IGIGPÒDGT EC OO WPF GKPG $TGKVG XQP OO IGIGPÒDGT EC OO CWH &KG $TKNNCPVGP +PUKIPKGP HÒT &COGP UKPF PCVWTIGO·­ PQEJ YGKVCWU UGNVGPGT CNU FKG HÒT *GTTGP FC JKGT YKTMNKEJ PWT FKG -ÌPKIKPPGP <CTKPPGP XQP $WNICTKGP WPF FKG )GOCJNKPPGP HTGOFGT 5QWXGT·PG CNU 6T·IGTKPPGP KP $GVTCEJV MCOGP #WH GKPGO DGK 4QOCPQHH

4QOCPQHH 2TKPEG &KOKVTK 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH VJG -KPIFQO QH $WNICTKC &- 4WPIUVGF -[UV 5GKVG RWDNK\KGTVGP 2JQVQ CWU FGT -ÌPKINKEJGP $KDNKQVJGM KP -QRGPJCIGP FCU <CTKP 'NGQPQTC XQP $WNICTKGP )GOCJNKP FGU <CTGP (GTFKPCPF \GKIV KUV GKP FGTCTVKIGT )TQ­MTGW\UGV \W UGJGP #NU YGKVGTG $GNKGJGPG FÒTHVGP )KQ XCPPC <CTKP XQP $WNICTKGP )GOCJNKP FGU <CTGP $QTKU +++ FKG NGV\VG TWUUKUEJG <CTKP #NGZCPFTC (GQFQTQYPC UQYKG GKPKIG YGPKIG )GOCJNKPPGP GWTQR·KUEJGT 5QWXGT·PG Y·JTGPF FGT 4GIKGTWPIU\GKV <CT (GTFKPCPFU DKU KP $G VTCEJV MQOOGP \W FGPGP $WNICTKGP UGJT IWVG $G\KGJWPIGP RHNGIVG

5GV XQP DGUVGEJGPFGT 5EJÌPJGKV WPF CW­GTQTFGPVNKEJGT 5GNVGPJGKV

78

7291

7293

7292

1TFGP HÃ&#x2019;T 8GTFKGPUV /QFGNN ·NVGTGU 2QTVTCKV <CT (GTFKPCPFU /GFCKNNG 5VWHG 5KNDGT XGTIQNFGV CO &TGKGEMUDCPF &'0- -.'0 1#0 2'641 5 41$7 8'40 <'+ ++

1TFGP HÃ&#x2019;T 8GTFKGPUV /QFGNN ·NVGTGU 2QTVTCKV <CT (GTFKPCPFU 5VWHG HÃ&#x2019;T 6CRHGTMGKV 5KNDGT CO $CPF &'0- -.'0 1#0 2'641 5 41$7 8'40 <'+ ++

1TFGP HÃ&#x2019;T 8GTFKGPUV /QFGNN ! 2QTVTCKV <CT $QTKU OKV 9CRRGP KP PGWGTGT #WUHÃ&#x2019;JTWPI /GFCKNNG 5VWHG 5KNDGT XGTIQNFGV CO &TGKGEMUDCPF &'0- -.'0 1#0 2'641 5 41$7 8'40 <'+ ++

7294

7294 7296 1:1

<KXKNXGTFKGPUVQTFGP /QFGNN MNGKPGT WPF HNCEJGT IGUVCNVGVG +PUKIPKGP -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF &'0- -.'0 1#0 2'641 5 4#/ 5 41$7 8'40 <'+ ++

/KNKV·TXGTFKGPUVQTFGP /QFGNN -TGW\CTOG OKV 4KRRGP -TGW\ 5VWHG QJPG -TQPG XGTUKNDGTV CO HCNUEJGP &TGKGEMUDCPF KO 1TKIKPCNGVWK OKV FGO /QPQITCOO <CT (GTFKPCPFU DKU &'0- -.'0 1#0 5 2'641 4#/ 5 41$7 8'40 <'+ ++

/KNKV·TXGTFKGPUVQTFGP /QFGNN MNGKPGT WPF HNCEJGT IGUVCNVGVG +PUKIPKGP $TWUVUVGTP 5VWHG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV &'0- -.'0 1#0 5 2'641 5 4#/ 5 41$7 8'40 <'+ ++

79

7297

/KNKV·TXGTFKGPUVQTFGP /QFGNN MNGKPGT WPF HNCEJGT IGUVCNVGVG +PUKIPKGP -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO $CPFTKPI RWP\KGTV QJPG *CNUDCPF &'0- -.'0 XCT 1#0 XCT 2'641 5 4#/ 5 41$7 8'40 <'+ ++

7298 1:1

'JTGP\GKEJGP FGU $WNICTKUEJGP 4QVGP -TGW\GU 5QPFGTCWUHÒJTWPI HÒT (ÒTUVNKEJMGKVGP /QFGNN )QNF VGKNYGKUG GOCKNNKGTV *ÌJG OO $TGKVG OO 2GTNGP CP 0CFGN CWH FGT 4ÒEMUGKVG )QNFRWP\G WPF *GTUVGNNGTDG\GKEJPWPI , * 9'40'4 KO 1TKIKPCNGVWK FGU *QHLWYGNKGTU , * 9GTPGT KP $GTNKP -.'0 XIN 41$7 # XCT 8'40 <'+ 8QP ITÌ­VGT 5GNVGPJGKV +p++

5GJT UGNVGPG WPF DKUJGT PKEJV RWDNK\KGTVG ITQ­G #WUHÒJTWPI KP JGTXQTTCIGPFGT 3WCNKV·V

80

'JTGP\GKEJGP FGU $WNICTKUEJGP 4QVGP -TGW\GU -QPXQNWV XQP CEJV XGTUEJKGFGPGP #WU\GKEJPWPIGP XGTUEJKGFGPG /GVCNNG CNNG VGKNYGKUG GOCKNNKGTV CP 0CFGNP QFGT 6TCIGUEJNGKHGP KP WPVGTUEJKGFNKEJGT 'TJCNVWPI 2'641 41$7 # # # # XCT

5VÒEM +p+ ++ ++p+++

7300

7302 1:1

7302 1:1

'JTGPMTGW\ FGT 1TVJQFQZGP -KTEJG $WNICTKGPU -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV WPF -TGW\ -NCUUG 5KNDGT GOCKNNKGTV LGYGKNU CO &TGKGEMUDCPF &'0- 2'641 41$7 5VÒEM ++

'JTGPMTGW\ FGT 1TVJQFQZGP -KTEJG $WNICTKGPU -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV WPF -TGW\ -NCUUG 5KNDGT GOCKNNKGTV LGYGKNU CO &TGKGEMUDCPF &'0- 2'641 41$7 5VÒEM ++

81.-5(41064')+'470)

/KNKV·TQTFGP HÒT 6CRHGTMGKV /QFGNN ņ 8QTFGTUGKVG 5VGTPEJGP 4ÒEMUGKVG CWH ITÒPGT 'OCKNNG -TGW\ 5VWHG QJPG 5EJYGTVGT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCD UEJPKVV &'0- -.'0 1#0 XCT 2'641 5 XCT 4#/ 5 41$7 8'40 <'+

8QP ITQ­GT 5GNVGPJGKV +p++

&CU /QFGNN YWTFG WPVGT FGT 8QNMUHTQPVTGIKGTWPI KO ,CJTG GKPIGHÒJTV WPF DKU \WO 'PFG FGT /QPCTEJKG KO ,CJTG XGTNKGJGP 'ORH·PIGT YCTGP PGDGP DWNICTKUEJGP 1HHK\KGTGP CWEJ UQYLGVKUEJG XQP FGPGP GKPKIG /CTUEJ·NNG FKG QFGT FKG 5VWHG GTJKGNVGP 8GTNGKJWPIGP QJPG 5EJYGTVGT UKPF GZVTGO UGNVGP KPUDGUQPFGTG DGK FGP JÌJGTGP -NCUUGP &CU XQTNKGIGPFG 'ZGORNCT KUV QDINGKEJ YKT GU HÒT GKP GKPYCPFHTGKGU \GKVIGPÌUUKUEJGU 1TKIKPCN JCNVGP KP FGT WPU DGMCPPVGP .KVGTCVWT PKEJV PCEJIGYKGUGP &CU XQTNKGIGPFG /QFGNN WPVGTUEJGKFGV UKEJ XQP FGO UGJT ·JPNKEJ CWUIGHÒJTVGP /QFGNN FCFWTEJ FC­ DGKO /QFGNN FGT 5EJTKHVTKPI FGT /GFCKNNQPU IQNFHCTDGP OKV UEJYCT\ GKPIGNGIVGT 5EJTKHV KUV YQJKPIGIGP DGKO /QFGNN FGT 5EJTKHVTKPI ITÒP GOCKNNKGTV OKV IQNFGPGT 5EJTKHV KUV &KGUG JPNKEJMGKV JCV FC\W IGHÒJTV FC­ FKG DGKFGP /QFGNNG QHV XGTYGEJUGNV YGTFGP WPF UQICT KP FGT (CEJNKVGTCVWT FKG +PUKIPKGP FGU /QFGNNU CNU FGO /QFGNN \WIGJÌTKI DG\GKEJPGV YGTFGP

7303

/KNKV·TXGTFKGPUVQTFGP /QFGNN FCU GJGOCNKIG 4GXGTU\GPVTWO OKV FGO .ÌYGP YKTF \WO #XGTU\GPVTWO CWH FGO 4GXGTU\GPVTWO UKPF LGV\V FKG DWNICTKUEJGP (CTDGP \W UGJGP -TGW\ 5VWHG QJPG -TQPG XGTUKNDGTV WPF GOCKNNKGTV CO &TGKGEMUDCPF &'0- -.'0 1#0 2'641 4#/ 5 41$7 8'40 <'+ ++

81

7304 7305

%*+.'

8GTFKGPUVQTFGP /QFGNN -QOOCPFGWTUFGMQTCVKQP #WUHÒJTWPI MQORNGVV 5VGTP /GFCKNNQPU -QPFQT WPF $CPFTKPI KP )QNF VGKNYGKUG GOCKNNKGTV GKPG 5VGTPURKV\G OKV 'OCKNNGUEJCFGP GKPG YGKVGTG OKV *CCT TKUU &WTEJOGUUGT OO QJPG *CNUDCPF )+..5# 6CHGN +++ XCT 1#0 XCT 4 ++p+++

-TGW\ XQP )QNFGPGU -TGW\ )QNF GOCKNNKGTV OGJTGTG 5EJ·FGP KP FGT YGK­GP 'OCKNNG FGT 8QTFGT WPF 4ÒEMUGKVG CO $CPF OKV GEJV IQNFGPGT 6TCIGURCPIG WPF UKNDGTPGT $CPFURCPIG /#;1 )+..5# 6CHGN 8+++ 44 +++

&CU -TGW\ KP )QNF FCU GKIGPVNKEJ GKP 5VGTP KUV YWTFG CP FKG 1HHK\KGTG XGTNKGJGP FKG CO UQ IGPCPPVGP 5CNRGVGTMTKGI XQO (GDTWCT DKU \WO ,WPK IGIGP $QNKXKGP WPF 2GTW VGKNPCJOGP &GT HÒT %JKNG UKGITGKEJG -QPHNKMV HÒJTVG \W GKPGO 9GNVOQPQRQN %JKNGU HÒT 5CNRGVGT

7306

7307

7308

7309

.KOC (GNF\WIU -TGW\ )QNFGPGU -TGW\ )QNF VGKNYGKUG GOCKNNKGTV CO $CPF )+..5# 6CHGN 8+++ 4 +p++

+O UQ IGPCPPVGP 5CNRGVGTMTKGI GTQDGTVGP CO ,CPWCT FKG EJKNGPKUEJGP 6TWRRGP WPVGT )GPGTCN $CSWGFCPQ FKG *CWRVUVCFV 2GTWU .KOC &KG CP FKGUGO (GNF\WI VGKNPGJOGPFGP 1HHK\KGTG GTJKGNVGP FKGUGU -TGW\ KP )QNF FKG 7PVGTQHHK\KGTG KP XGTIQNFGVGO 5KNDGT WPF FKG /CPPUEJCHVGP KP 5KNDGT

.KOC (GNF\WIU -TGW\ 5KNDGTPGU -TGW\ )QNF VGKNYGKUG GOCKNNKGTV CO DNCWGP $CPF OKV FGP $CPFURCPIGP %*14+..15 WPF /+4#(.14'5 )+..5# 6CHGN 8+++ 4 +p++

&CU )GHGEJV XQP %JQTKNNQU YCT CO ,CPWCT WPF FCU XQP /KTCHNQTGU CO ,CPWCT DGKFG KP FGT FKTGM VGP 7OIGDWPI XQP .KOC

& 0'/#4-

82

&CPGDTQI 1TFGP $TWUVUVGTP \WO -QOOCPFGWT -NCUUG /QFGNN CD 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP &QRRGNPCFGN %*4+56 *'1 ,¤4) :+ -.'0 1#0 4#/ 5 8'40 <'+ ++

&CPGDTQI 1TFGP /QFGNN OKV /QPQITCOO -ÌPKI %JTKUVKCP : 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF %*4+56 *'1 XCT ,¤4) 8++ XCT -.'0 1#0 4#/ 5 8'40 <'+ +p

7310 1:1 7311

7312

&CPGDTQI 1TFGP /QFGNN OKV /QPQITCOO -ÌPKI %JTKUVKCP : /KPKCVWT FGU 4KVVGT MTGW\GU )QNF GOCKNNKGTV CO $CPF %*4+56 XCT *'1 XCT ,¤4) 8++ XCT 1#0 4#/ 5 +

&CPGDTQI 1TFGP /QFGNN OKV /QPQITCOO -ÌPKI (TGFGTKM +: -QOOCPFGWTMTGW\ )QNF GOCKNNKGTV QJPG $CPFTKPI LGFQEJ OKV 1TKIKPCN *CNUDCPF %*4+56 *'1 ,¤4) 8++ XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ +p++

&CPGDTQI 1TFGP /QFGNN OKV /QPQITCOO -ÌPKI (TGFGTKM +: 4KVVGTMTGW\ -NCUUG

UGKV 5KNDGT GOCKNNKGTV CO 2GPVCIQPCNDCPF \WUCOOGP OKV /KPKCVWT 5KNDGT GOCKNNKGTV CO $·PF EJGP KO 1TKIKPCNGVWK FGT (KTOC /KEJGNUGP KP -QRGPJCIGP %*4+56 *'1 ,¤4) 8++ XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ +

7314 7313 1:1

7316

(TGKJGKVUOGFCKNNG -ÌPKI %JTKUVKCPU : /KPKCVWT FGT /GFCKNNG 5KNDGT CO $·PFEJGP ,¤4) 4#/ 5 56'8 5 +

&KGUG /GFCKNNG YWTFG IGUVKHVGV WPF OCN XGTNKGJGP

&KGPUVCWU\GKEJPWPIU /GFCKNNG FGT /CTKPG /QFGNN UGKV OKV 5VGORGNUEJPGKFGT\GKEJGP ( - 5KNDGT CO 2GPVCIQPCNDCPF ,¤4) 56'8 8'40 ++

&KGPUVCWU\GKEJPWPIU /GFCKNNG FGT /CTKPG /QFGNN UGKV OKV 5VGORGNUEJPGKFGT\GKEJGP ( - 5KNDGT CO 2GPVCIQPCNDCPF ,¤4) 56'8 8'40 ++

0CVKQPCNQTFGP XQP &CJQOG[ 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF 1#0 # 41(( 6CHGN XCT

&#*1/';

83

7319

7318

7320

ex 7317

'%7#&14

#DFQP %CNFGTQP 1TFGP 5GV FGT FTGK 1TFGPUUVWHGP )QNF 5KNDGT WPF $TQP\G XGTIQNFGV D\Y XGTUKNDGTV VGKNYGKUG NCEMKGTV CP 6TCIGURCPIG OKV $CPF )+..5# 5 1#0 5VÃ&#x2019;EM ++ ++p+++

8GTFKGPUVOGFCKNNG FGT 4GRWDNKM 'EWCFQT HÃ&#x2019;T FKG 5VTGKVMT·HVG 8GTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 6TCIGURCPIG OKV $CPF

-TGW\ HÃ&#x2019;T 'JTG WPF &KU\KRNKP #DVGKNWPI HÃ&#x2019;T FKG /CTKPG -TGW\ -NCUUG XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV LGYGKNU CP 6TCIGURCPIG OKV $CPF ++

&KGPUVCWU\GKEJPWPIU /GFCKNNG FGT 5VTGKVMT·HVG 5GV XQP FTGK 'ZGORNCTGP KP )QNF ,CJTG 5KNDGT

,CJTG WPF $TQP\G ,CJTG XGTIQNFGV D\Y XGTUKNDGTV VGKNYGKUG NCEMKGTV FKG 5KNDGTUVWHG IGDTQEJGP WPF XGTUEJOWV\V LGYGKNU CP 6TCIGURCPIG OKV $CPF 5VÃ&#x2019;EM ++ +8

7321

'.('0$'+0-ª56'

84

0CVKQPCNQTFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG MNGKPG 'OCKNNGCWUDTÃ&#x2019;EJG KO /GFCKNNQPTKPI GKP MNGKPGT *CCTTKUU CWH GKPGO -TGW\CTO KO 6TCIGTKPI RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 1#0 41(( 6CHGN XCT 5VÃ&#x2019;EM ++p

7322 7323 1:1

0CVKQPCNQTFGP -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTHCEJ RWP\KGTV GVYCU XGT UEJOWV\V CO *CNUDCPFCDUEJPKVV 1#0 41(( 6CHGN XCT ++p

'456' 4'27$.+-

7323 1:1

'56.#0&

1TFGP FGU (TGKJGKVUMTGW\GU -TGW\ -NCUUG FGT #DVGKNWPI )QNF DNCW GOCKNNKGTV #WUHÃ&#x2019;JTWPI OKV GOCKNNKGTVGO ' CWH FGT 4Ã&#x2019;EMUGKVG MCWO UKEJVDCTGT 'OCKNNGURTWPI KO <GPVTWO KO $CPFTKPI RWP\KGTV QJPG *CNUDCPF -#8 6CHGN + -.'0 8'40 9#. 6CHGN + <'+ 4 +p++

.CWV 9CNVGT YWTFGP XQP FKGUGO -TGW\ PWT CP GUVPKUEJG 5VCCVUDÃ&#x2019;TIGT WPF CP #WUN·PFGT XGTNKGJGP

7324

7326

7327

1TFGP XQO 4QVGP -TGW\ 5KNDGTPG 8GTFKGPUVOGFCKNNG /QFGNN $TQP\G XGTUKNDGTV VGKNYGKUG GOCKN NKGTV CO 2GPVCIQPCNDCPF -#8 6CHGN -.'0 8'40 9#. 5 HH <'+ ++

.CWV 9CNVGT YWTFG FKG 5KNDGTPG 8GTFKGPUVOGFCKNNG KP FGP ,CJTGP DKU PWT OCN XGTNKGJGP

/GFCKNNG FGU 'UVPKUEJGP 7PCDJ·PIKIMGKVUMTKGIGU $TQP\G CO HCNUEJGP $CPF -#8 6CHGN 8'40 9#. 6CHGN :++ ++

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG OKP -TCV\GT CWH GKPGO -TGW\CTO CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 5GKVG *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ 4 +p

(+00.#0&

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG OKP 1DGTHN·EJGPEJKRR CWH GKPGO -TGW\CTO CO $CPF $'4)* 5 *#0 5GKVG *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ 4 +p

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

85

7329

7328

7330

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTIQNFGV WPF UEJYCT\ MCNV GOCKNNKGTV FKG UEJYCT\G 'OCKNNG CP FGP 4·PFGTP GVYCU CDIGRNCV\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 5GKVG *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP &KGUG -NCUUG KUV CWEJ CP FGWVUEJG 5QNFCVGP XGTNKGJGP YQTFGP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTIQNFGV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 *#0 5GKVG *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ 4 +p++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTUKNDGTV WPF UEJYCT\ MCNV GOCKNNKGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 5GKVG *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ +p++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP 5KG KUV CWEJ CP \CJNTGKEJG FGWVUEJG 1HHK\KGTG XGTNKGJGP YQTFGP

7331

7332

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTUKNDGTV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 XCT *#0 5GKVG *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ 4 ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV FGO 4QVGP -TGW\ XGTUKNDGTV WPF UEJYCT\ MCNV GOCKNNKGTV UQYKG TQV GOCKNNKGTV CO $CPF $'4)* 5 *#0 5 *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN (TGKJGKVUOGFCKNNG -NCUUG 5KNDGT WPF -NCUUG $TQP\G &C\W /QFGNN (TGKJGKVUOGFCKNNG -NCUUG 5KNDGT WPF -NCUUG $TQP\G ,GYGKNU CP $·PFGTP $'4)* 5 *#0 5 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ 5VÃ&#x2019;EM ++ *CPMKOQ IKDV HÃ&#x2019;T FKG (TGKJGKVUOGFCKNNG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP HÃ&#x2019;T FKG -NCUUG HÃ&#x2019;T FKG -NCUUG WPF HÃ&#x2019;T FKG -NCUUG CP &KGUG /GFCKNNGP UKPF CWEJ CP \CJNTGKEJG FGWV UEJG 5QNFCVGP XGTNKGJGP YQTFGP

86

7334

7335

7334

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV CO *CNUDCPFCDUEJPKVV $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ 44 +p++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTIQNFGV WPF UEJYCT\ GOCKNNKGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

7336

7337

7339

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTIQNFGV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ +p++

7340

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTUKNDGTV WPF UEJYCT\ GOCKNNKGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTUKNDGTV WPF UEJYCT\ GOCKNNKGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTUKNDGTV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 XCT *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV FGO 4QVGP -TGW\ XGTUKNDGTV WPF UEJYCT\ GOCKNNKGTV UQYKG TQV GOCKNNKGTV CO $CPF $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

87

7344

7341

7342

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV FGO 4QVGP -TGW\ CO <KXKNDCPF XGTUKNDGTV WPF IGUEJY·T\V UQYKG TQV GOCKNNKGTV ,CJTGU\CJN CWH FGT 4ÒEMUGKVG GKPIGRT·IV CO $CPF $'4)* 5 *#0 6CHGN XCT *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ HÒJTV FKGUG -NCUUG CO <KXKNDCPF PKEJV GZVTC CWH &KG 8GTNGKJWPIGP FÒTHVGP KP FGT #P\CJN FGTGT OKV FGO -TKGIUDCPF GPVJCNVGP UGKP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP HÒT *KPVGTDNKGDGPG XGTUKNDGTV WPF UEJYCT\ GOCKNNKGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 XCT 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN (TGKJGKVUOGFCKNNG -NCUUG OKV FGO 4QVGP -TGW\ VGKNYGKUG TQV GOCKNNKGTV CO $CPF $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ ++

*CPMKOQ IKDV HÒT FKGUG -NCUUG MGKPG 8GTNGKJWPIU\CJN CP

*CPMKOQ IKDV HÒT FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN /CPPGTJGKO -TGW\ -NCUUG $TQP\G XGTIQNFGV WPF GOCKNNKGTV *ÌJG OO $TGKVG OO )GYKEJV EC IT QJPG 8GTNGKJWPIUPWOOGT FKG #WHNCIG FWTEJ XKGT 0KGVGP OKV FGO -TGW\ XGTPKGVGV LGFQEJ GVYCU YCEMGNKI CP 5EJTCWDUEJGKDG OKV *GTUVGNNGTDG \GKEJPWPI 570&38+56 8'.,'-5'6 $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ 4 +p++

1DYQJN PCEJ FGO #TEJKX FGT (KTOC 6KNNCPFGT KP *GNUKPMK PWT PWOGTKGTVG 5VÒEM JGTIGUVGNNV YQTFGP UGKP UQNNGP UGNDUV FKG /WUGWOU 5VÒEMG UKPF PWOGTKGTV JCPFGNV GU UKEJ WPUGTGT /GKPWPI PCEJ WO GKP WPXGTNKGJGPGU 1TKIKPCN 'ZGORNCT FC GU CWEJ CWH FGT 4ÒEMUGKVG XQNNMQOOGP OKV FGP XGTNKGJGPGP 5VÒEMGP ÒDGTGKPUVKOOV WPF KP #WUHÒJTWPI WPF 8GTCTDGKVWPI PKEJVU OKV FGP PCEJ JGTIGUVGNNVGP 'ZGORNCTGP FGT (KTOC 5QWXCN WPF 5VGKPJCWGT .ÒEM \W VWP JCV 'U UVGNNV UQOKV GKPGP JGTXQTTCIGPFGP 'TUCV\ HÒT GKP PCJG\W WPDGUEJCHHDCTGU XGTNKGJGPGU 'ZGORNCT *CPMKOQ IKDV HÒT FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

7345

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP CO <KXKNDCPF 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV OKP 1DGTHN·EJGPEJKRR CWH FGT 8QTFGTUGKVG FGU TGEJVGP -TGW\CTOU KP FGT ¤UG RWP\KGTV CO *CNUDCPFCDUEJPKVV $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 XCT 8'40 94'& 5 XCT <'+ ++ *CPMKOQ IKDV HÒT FKGUG -NCUUG OKV -TKGIU WPF OKV <KXKNDCPF GKPG )GUCOV 8GTNGKJWPIU\CJN XQP CP

88

7346

7347 7348

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+

++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP CO <KXKNDCPF 5KNDGT XGTIQNFGV WPF YGK­ GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN XCT *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ 4 ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP WPF 'KEJGPNCWD XGT IQNFGV WPF IGUEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 XCT *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

7349

7350

7351

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTIQNFGV WPF IG UEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP CO <KXKNDCPF XGTIQN FGV WPF IGUEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN XCT *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG OKV -TKGIU WPF <KXKNDCPF GKPG )GUCOV 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTIQNFGV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ 4 +p++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

89

7352 7353

7354

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV FGO 4QVGP -TGW\ CO <KXKNDCPF XGTIQNFGV IGUEJY·T\V WPF TQV GOCKNNKGTV FKG UEJYCT\G 'OCKNNG CP FGP 4·PFGTP GVYCU CDIGRNCV\V CO $CPF $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 <'+ ++

*CPMKOQ HÃ&#x2019;JTV FKGUG -NCUUG CO <KXKNDCPF PKEJV GZVTC CWH &KG 8GTNGKJWPIGP FÃ&#x2019;THVGP KP FGT #P\CJN FGTGT OKV FGO -TKGIUDCPF GPVJCNVGP UGKP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTUKNDGTV WPF IG UEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

8CTKCPVG 'KPRT·IWPI FGT ,CJTGU\CJN *CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP XGTUKNDGTV WPF IG UEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

7355

7356 7357

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG QJPG 5EJYGTVGT XGTUKNDGTV WPF DNCW GOCKNNKGTV CO $CPF $'4)* 5 XCT *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG GKPG 8GTNGKJWPIU\CJN XQP CP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV FGO 4QVGP -TGW\ CO <KXKNDCPF XGTUKNDGTV IGUEJY·T\V WPF TQV GOCKNNKGTV CO $CPF $'4)* 5 *#0 6CHGN *'1 -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++

*CPMKOQ HÃ&#x2019;JTV FKGUG -NCUUG CO <KXKNDCPF PKEJV GZVTC CWH &KG 8GTNGKJWPIGP FÃ&#x2019;THVGP KP FGT #P\CJN FGTGT OKV FGO -TKGIUDCPF GPVJCNVGP UGKP

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN -TGW\ -NCUUG OKV 5EJYGTVGTP HÃ&#x2019;T *KPVGTDNKGDGPG XGTUKNDGTV WPF IGUEJY·T\V CO $CPF OKV 5EJNGKHG $'4)* 5 *#0 6CHGN *'1 XCT -.'0 1#0 5 4#/ 5 6'6 8'40 94'& 5 XCT <'+ ++ *CPMKOQ IKDV HÃ&#x2019;T FKGUG -NCUUG MGKPG 8GTNGKJWPIU\CJN CP

90

7358

1TFGP FGT 9GK­GP 4QUG $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN CWH GKPGT 5VGTPURKV\G UVGJGPF 5KNDGT VGKNYGKUG XGTIQNFGV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC .GOCKVTG KP 2CTKU CP 0CFGN $'4)* 5 XCT *'1 XCT -.'0 XCT 1#0 4#/ 5 6'6 XCT 8'40 XCT 94'& 5 <'+ XCT 4 ++

0CEJ 9TGFG YWTFG FKGUGU /QFGNN PWT DKU XGTNKGJGP 'T IKDV HÒT FKGUGP <GKVTCWO UGKV FGT 5VKHVWPI FGU 1TFGPU GKPG )GUCOV #P\CJN XQP JÌEJUVGPU 8GTNGKJWPIGP CP

7360

7359

7359

7361

1TFGP FGT 9GK­GP 4QUG $TWUVUVGTP \WO -QOOCPFGWT -NCUUG /QFGNN CWH GKPGT 5VGTPURKV\G UVGJGPF 5KNDGT VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV CP XGTIQNFGVGT 0CFGN $'4)* 5 XCT *'1 XCT -.'0 XCT 1#0 4#/ 5 6'6 XCT 8'40 XCT 94'& 5 <'+ XCT 4 ++

0CEJ 9TGFG YWTFG FKGUGU /QFGNN YWTFG PWT DKU XGTNKGJGP 'T IKDV HÒT FKGUGP <GKVTCWO UGKV FGT 5VKHVWPI FGU 1TFGPU GKPG )GUCOV #P\CJN XQP JÌEJUVGPU 8GTNGKJWPIGP CP

1TFGP FGT 9GK­GP 4QUG 4KVVGTMTGW\ -NCUUG 6[R UGPMTGEJV \WO -TGW\ UVGJGPFG ¤UG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO CO $CPF OKV 4QUGVVG $'4)* 5 *'1 -.'0 XCT 1#0 XCT 4#/ 5 6'6 8'40 XCT 94'& 5 <'+ XCT ++

9TGFG UEJTGKDV FCUU FKG 4KVVGTMTGW\G DKU OKV UGPMTGEJV \WO -TGW\ UVGJGPFGT ¤UG XGTNKGJGP YQTFGP UKPF 'TUV YCT FWTEJ FGP )TQ­OGKUVGT FKG #PDTKPIWPI GKPGT 4QUGVVG CWH FGO $CPF FGU 4KVVGTMTGW\GU -NCUUG IGUVCVVGV YQTFGP 5QOKV UKPF KP FKGUGO <GKVTCWO JÌEJUVGPU 8GTNGKJWPIGP FKGUGU 6[RU XQTIGPQOOGP YQTFGP

1TFGP FGT 9GK­GP 4QUG 4KVVGTMTGW\ -NCUUG 6[R CD YCCIGTGEJV \WO -TGW\ UVGJGPFG ¤UG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV ¤UG RWP\KGTV CO $CPF OKV 4QUGVVG $'4)* 5 *'1 XCT -.'0 1#0 4#/ 5 6'6 8'40 94'& 5 <'+ ++

91

7363

7364

7362

1TFGP FGT 9GK­GP 4QUG 4KVVGTMTGW\ 6[R UGPMTGEJV \WO -TGW\ UVGJGPFG ¤UG 5KNDGT GOCKNNKGTV &WTEJOGUUGT OO CO $CPF $'4)* 5 *'1 XCT -.'0 XCT 1#0 XCT 4#/ 5 6'6 8'40 XCT 94'& 5 <'+ XCT ++

9TGFG UEJTGKDV FCUU FKG 4KVVGTMTGW\G DKU OKV UGPMTGEJV \WO -TGW\ UVGJGPFGT ¤UG XGTNKGJGP YQTFGP UKPF WPF IKDV HÒT FKGUGP <GKVTCWO GKPG )GUCOV\CJN XQP JÌEJUVGPU 8GTNGKJWPIGP CP

1TFGP FGT 9GK­GP 4QUG 5KNDGTPGU <GKEJGP /QFGNN INCVVG 4ÒEMUGKVG 4QUG PKEJV GOCKNNKGTV 5KNDGT CWH FGT 4ÒEMUGKVG *GTUVGNNGTRWP\G FGT (KTOC 6KNNCPFGT WPF 5KNDGTRWP\GP CO $CPF $'4)* 5 XCT *'1 XCT -.'0 1#0 4#/ 5 6'6 8'40 94'& 5 XCT <'+ 4 ++

&CU 5KNDGTPG <GKEJGP FGU 1TFGPU FGT 9GK­GP 4QUG FCU CWUUEJNKG­NKEJ (TCWGP XQTDGJCNVGP KUV YWTFG DKU KP FKG GT ,CJTG XGTNKGJGP +O ,WPK DGUEJNQUU FCU 1TFGPUMCRKVGN FCU <GKEJGP MÒPHVKI OKV GOCKNNKGTVGO /KVVGNOGFCKNNQP \W XGTNGKJGP $KU FCJKP YCTGP PCEJ 9TGFG <GKEJGP KP 5KNDGT XGTNKGJGP YQTFGP

1TFGP FGT 9GK­GP 4QUG 5KNDGTPGU <GKEJGP /QFGNN ! CWUIGRT·IVG 4ÒEMUGKVG 4QUG GOCKN NKGTV 5KNDGT ¤UG RWP\KGTV CO $CPF $'4)* 5 *'1 -.'0 1#0 4#/ 5 6'6 8'40 94'& 5 <'+ 4 ++

#WU FGT CMVWGNNGP .KVGTCVWT KUV \WT <GKV PKEJV \W GTUGJGP YKG NCPIG FCU 5KNDGTPG <GKEJGP XGTNKGJGP YWTFG

-- 7366 -7365

(KPPKUEJGT .ÌYGP 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6KNNCPFGT WPF 5KNDGTRWP\GP CP XGTIQNFGVGT 0CFGN $'4)* 5 *'1 -.'0 1#0 XCT 4#/ 5 6'6 XCT 8'40 94'& 5 <'+ ++

NVGTG #PHGTVKIWPI OKV UGRCTCV IGRT·IVGP #WHNCIGP

92

(KPPKUEJGT .ÌYGP 1TFGP -QOOCPFGWTUGV -NCUUG DGUVGJGPF CWU -QOOCPFGWTMTGW\ 5KNDGT XGTIQN FGV WPF GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQN FGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG 5KNDGTRWP\GP CP 0CFGN $'4)* 5 *'1 XCT -.'0 1#0 XCT XCT 4#/ 5 6'6 8'40 94'& 5 <'+ 5VÒEM ++

7367

7369

7368

(KPPKUEJGT .ÌYGP 1TFGP -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKP #DURNKVVGTWPI KP FGT TQVGP 'OCKNNG FGU <GPVTWOU KP FGT ¤UG RWP\KGTV CO *CNUDCPFCDUEJPKVV $'4)* 5 *'1 XCT -.'0 1#0 XCT 4#/ 5 6'6 8'40 94'& 5 <'+ ++

(KPPKUEJGT .ÌYGP 1TFGP 4KVVGTMTGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO $CPF OKV 4QUGVVG $'4)* 5 *'1 XCT -.'0 1#0 XCT 4#/ 5 6'6 8'40 94'& 5 <'+ ++

(KPPKUEJGT .ÌYGP 1TFGP 4KVVGTMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO $CPF $'4)* 5 *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 8'40 94'& 5 <'+ ++

(KPPKUEJGT .ÌYGP 1TFGP 4KVVGTMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV KP FGT ¤UG RWP\KGTV CO $CPF $'4)* 5 *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 8'40 94'& 5 <'+ ++

(KPPKUEJGT .ÌYGP 1TFGP 8GTFKGPUVMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV KP FGT ¤UG RWP \KGTV CO $CPF $'4)* *'1 -.'0 1#0 4#/ 5 8'40 8'40 94'& 5 <'+ ++

7374

7372 7373 1:1

1N[ORKUEJGU 8GTFKGPUVMTGW\ (KPPNCPFU -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV CO *CNUDCPFCDUEJPKVV *'1 -.'0 4#/ 5 6'6 8'40 <'+ 4 +p++

1N[ORKUEJGU 8GTFKGPUVMTGW\ (KPPNCPFU /KPKCVWT FGU 1TFGPU\GKEJGPU 5KNDGT GOCKNNKGTV CO $·PF EJGP &C\W /KPKCVWT FGT ¤UVGTTGKEJKUEJGP 1N[ORKC /GFCKNNG 5KNDGT CO $·PFEJGP XIN *'1 4#/ 5 XIN 6'6 6CHGN 5VÒEM +p++

5RQTVXGTFKGPUVMTGW\ (KPPNCPFU 8GTFKGPUVMTGW\ KP 5KNDGT XGTUKNDGTV VGKNYGKUG XGTIQNFGV GOCKNNKGTV CO $CPF $'4)* 5 XCT *'1 XCT -.'0 4#/ 5 6'6 8'40 94'& 5 <'+ ++

5RQTVXGTFKGPUVOGFCKNNG (KPPNCPFU $TQP\G CO $CPF *'1 -.'0 4#/ 5 6'6 XCT 8'40 94'& 5 <'+ ++

93

7376

7377

7380

7379 7378

.QVVC 5X·TF 8GTFKGPUVMTGW\ 5KNDGT VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG OGJTHCEJ RWP\KGTV CO $CPF $'4)* 5 6'6 8'40 94'& 5 ++

.QVVC 5X·TF 8GTFKGPUVOGFCKNNG $TQP\G CO $CPF $'4)* 5 6'6 8'40 94'& 5

++

$NCWGU -TGW\ FGT (TGKYKNNKIGP 8GTVGKFKIWPI $TQP\G GOCKNNKGTV CO $CPF OKV 5RCPIG 6'6 8'40 ++

8GTFKGPUVMTGW\ FGT <KXKNGP 9CEJG 'KUGTPGU 8GTFKGPUVMTGW\ VGKNYGKUG XGTUKNDGTV WPF GOCKNNKGTV CO $CPF $'4)* 5 6'6 8'40 94'& 5 ++

8GTFKGPUVOGFCKNNG FGT <KXKNGP 9CEJG $TQP\G CO $CPF 6'6 8'40 94'& 5

++

7383

7381 7382

7384

7385

6GKNPCJOG /GFCKNNG FGT <KXKNGP 9CEJG 8GTUKNDGTV CO $CPF 6'6 8'40 94'& 5

++

*CWRVSWCTVKGTMTGW\ 6GKNYGKUG XGTUKNDGTV XGTIQNFGV WPF IGUEJY·T\V CO $CPF OKV #WHNCIG 6'6 8'40 94'& ++

-Ã&#x2019;UVGP #TVKNNGTKG -TGW\ XGTIQNFGV WPF GOCKNNKGTV CO $CPF 6'6 8'40 94'& .CFQIC 5GG /GFCKNNG $TQP\G CO $CPF 6'6 8'40 94'& 5

9GUV -CTGNKGP +UVJOWU -TGW\ 6GKNYGKUG IGUEJY·T\V CO $CPF 6'6 8'40 94'& 5

++

94

++ ++

7386

7387

7388

/WQNC -TGW\ 8GTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF 6'6 8'40 94'& ++

2KVM·TCPVC -TGW\ 8GTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF 6'6 8'40 94'& 5 ++

/KVVGN +UVJOWU 5EJNCEJV -TGW\ )GUEJY·T\V VGKNYGKUG XGTUKNDGTV CO $CPF OKV #WHNCIG 6'6 8'40 94'& ++

7389

7390

-TGW\ FGT &KXKUKQP #O $CPF 6'6 8'40 94'&

-TGW\ FGT &KXKUKQP 8GTUKNDGTV VGKNYGKUG IGUEJY·T\V CO $CPF OKV #WHNCIG 6'6 8'40 94'& ++

7391

++

7392

.CRNCPF -TGW\ 6GKNYGKUG MCNV GOCKNNKGTV CO $CPF 6'6 8'40 94'&

/GFCKNNG HÃ&#x2019;T /GPUEJNKEJMGKV 2TQ $GPKIPKVCVG *WOCPC FGU (KPPKUEJGP 4QVGP -TGW\G $TQP\G CO $CPF 6'6 6CHGN +p++

++

-QPXQNWV XQP CEJV XGTUEJKGFGPGP #WU\GKEJPWPIGP WPF #D\GKEJGP &CTWPVGT UGEJU XGTUEJKGFGPG 8GT FKGPUVURCPIGP FGT <GPVTCNGP *CPFGNUMCOOGT UQYKG GKP #D\GKEJGP FGT 4GTXG 1HHK\KGTU 5EJWNG CP 5EJTCWD UEJGKDG 8GTUEJKGFGPG /GVCNNG CP 0CFGNP QFGT $·PFGTP 6'6 XCT 5VÃ&#x2019;EM ++

95

7394

7396

7397

7395

#0%+'0 4')+/' $+5

(4#0-4'+%*

1TFGP XQO *GKNKIGP )GKUV -NGKPGU 1TFGPUMTGW\ KP 5KNDGT &WTEJOGUUGT OO OKV 5EJYCPGPRWP\G CP FGT ¤UG CO CNVGP LGFQEJ IGTKUUGPGP 5GKFGPDCPF 4#/ 5 ++

1TFGP FGU JN /KEJCGN 1TFGPUMNGKPQF KO 5VKN FGU ,CJTJWPFGTVU )QNF CWEJ FKG )NKGFGT FGT 6TCIG MGVVG VGKNYGKUG GOCKNNKGTV *ÌJG OO $TGKVG OO EC IT XIN $174& $ 4 ++

9KT JCNVGP FKGUGU 'ZGORNCT HÒT GKPG DGVQPV JKUVQTKUKGTGPFG #PHGTVKIWPI CWU FGT \YGKVGP *·NHVG FGU ,CJTJWPFGTVU 'U UVGNNV UQOKV GKPGP JGTXQTTCIGPFGP 'TUCV\ HÒT GKP PKEJV \W DGUEJCHHGPFGU \GKVIGPÌUUKUEJGU 1TKIKPCNGZGORNCT XQP OWUGCNGO 4CPI FCT

1TFGP FGU JGKNKIGP .C\CTWU WPF 7PUGTGT .KGDGP (TCW XQO $GTIG %CTOGN 1TFGPUMTGW\ ·NVGTGU /QFGNN KO 5VKN FGU HTÒJGP ,CJTJWPFGTVU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO UR·VGTGP $CPF 4#/ 5 +p++

0KEJV \GKVIGPÌUUKUEJG #PHGTVKIWPI *GTXQTTCIGPFGU 'TUCV\UVÒEM HÒT GKP KO 1TKIKPCN PKEJV \W DGUEJCHHGPFGU 'ZGORNCT

'456'5 -#+5'44'+%*

1TFGP FGT &TGK )QNFGPGP 8NKGUG 5R·VGTG #PHGTVKIWPI FGT 1TFGPUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 5VGNNG FGU (GWGTUVGKPU GKP #SWCOCTKP PKEJV IGRTÒHV CO *CNUDCPFCDUEJPKVV -.'0 1#0 8'40 <'+ &GT 1TFGP YWTFG XQP -CKUGT 0CRQNGQP + KO ,CJTG HÌTONKEJ IGUVKHVGV #WHITWPF XQP NCWVGP 2TQVGUVGP CWU FGO 7OHGNF FGU -CKUGTU YWTFGP LGFQEJ \WT <GKV FGU -CKUGTTGKEJU MGKPG +PUKIPKGP FGU 1TFGPU JGTIGUVGNNV WPF XGTNKGJGP $GK FGO XQTNKGIGPFGP 'ZGORNCT JCPFGNV GU UKEJ WO GKPG QHHK\KGNNG 0GWCPHGTVKIWPI FGT 5VCCVNKEJGP /ÒP\G KP 2CTKU KP FGP GT ,CJTGP

96

7398 1:1

7399 1:1

<9'+6' 4'56#74#6+10

1TFGP FGU JN /KEJCGN /KPKCVWT FGU 1TFGPUMTGW\GU )QNF GOCKNNKGTV QJPG $·PFEJGP $174& % 1#0 4 ++

/KPKCVWTGPDCTGVV OKV #WU\GKEJPWPIU /KPKCVWTGP $CTGVV )QNF RWP\KGTV FCTCWH 1TFGP FGU JN .WFYKI 4KVVGTMTGW\ )QNF GOCKNNKGTV /CNVGUGTQTFGP 4KVVGTMTGW\ )QNF GOCKNNKGTV OKV QTKIKPCN $CPFUVÒEM 4 +p++

5GJT JÒDUEJGU $CTGVV KP HGKPGT #PHGTVKIWPIUSWCNKV·V WO

7402 1:1

7401 1:1

7400 1:1

1TFGP FGT 'JTGPNGIKQP /QFGNN 4GFWMVKQP FGT 4KVVGTFGMQTCVKQP 5KNDGT <GPVTGP )QNF GOCKNNKGTV 'OCKNNG CWH 8QTFGT WPF 4ÒEMUGKVG UVCTM DGUEJ·FKIV Z OO QJPG $CPF $174& $ &'% 4 3 &'. -.'0 XCT 1#0 XCT <'+ XCT +8

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ .KNKGPFGMQTCVKQP #WUHÒJTWPI HÒT FKG .GKD YCEJGP )CTFGU FW %QTRU FGU -ÌPKIU )QNF 5KNDGT VGKNYGKUG GOCKNNKGTV &WTEJOGUUGT OO KO $CPF TKPI RWP\KGTV CO CNVGP 1TKIKPCN 5GKFGPDCPF $174& . &'% 1#0 5 8'40 4 ++

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ 4GFWMVKQP GKPGT .KNKGPFGMQTCVKQP #WU HÒJTWPI HÒT FKG 0CVKQPCNICTFG XQP 2CTKU 5KNDGT <GPVTGP )QNF GOCKNNKGTV MNGKPG 'OCKNNGEJKRRU CWH FGT 4ÒEMUGKVG &WTEJOGUUGT OO CO $CPF #54 6CHGN ++ $174& 4 &'% 1#0 8'40 ++

7403 7404

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ .KNKGPMTGW\ 5KNDGT 8QTFGTUGKVGP\GPVTWO )QNF GOCKNNKGTV OKP #WUDTÒEJG KP FGT DNCWGP 'OCKNNG FGT 4ÒEMUGKVG CO CNVGP 1TKIKPCNDCPF FGT &¾ RCTVGOGPVU #WDG +PFTG 0QTF 5CÊPG GV .QKTG OKV CWHIGFTWEMVGO 2QTVTCKV FGU -ÌPKIU #54 6CHGN ++ $174& 5 &'% 1#0 5 8'40 ++

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ .KNKGPMTGW\ 5KNDGT GOCKNNKGTV &WTEJ OGUUGT OO RWP\KGTV CO UR·VGTGP GVYCU HNGEMKIGO $CPF #54 6CHGN ++ $174& 0 &'% 1#0 5 8'40 ++

97

7405 1:1

7407 1:1

7406

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ 'JTGP\GKEJGP FGT .KNKG 5KNDGT CO UR·VG TGP $CPF #54 6CHGN ++ $174& &'% 1#0 5 8'40 ++

'JTGP\GKEJGP FGT .KNKG FGT 6TGWG .[U FG NC (KF¾NKV¾ 'JTGP\GKEJGP FGT .KNKG 5KNDGT CO QTKIK PCN CNVGP $CPF OKV $CPFURCPIG 5KNDGT XGTIQNFGV OKV IGMTÌPVGT .KNKGPCWHNCIG #54 6CHGN ++ $174& ( &'% 1#0 5 8'40 ++

$ª4)'4-¤0+)67/

1TFGP FGT 'JTGPNGIKQP /QFGNN /KPKCVWT \WT 4KVVGTFGMQTCVKQP 5KNDGT <GPVTGP )QNF GOCKNNKGTV &WTEJOGUUGT OO CO $·PFEJGP $174& # &'. 1#0 +

(GKPUV IGCTDGKVGVG /KPKCVWT KP VCFGNNQUGT 'TJCNVWPI

7408

7409

/KNKV·TKUEJGT 5V .WFYKIU 1TFGP 4KVVGTMTGW\ KP FGT 6TCIGYGKUG XQP DKU )QNF GOCKNNKGTV \CJNTGKEJG 'OCKNNGUEJ·FGP CWH FGT 8QTFGT WPF 4ÒEMUGKVG /GFCKNNQPU FGU 1TFGPU FGT 'JTGPNGIKQP MCPPGNKGTVGT $CPFTKPI CO $CPF +PVGTGUUCPVG 8CTKCPVG +++

#D YCT FCU 6TCIGP FGU 4KVVGTMTGW\GU FGU .WFYKIU 1TFGPU PWT PQEJ KP FGT (QTO QJPG FKG $QWTDQPGPNKNKGP GTNCWDV

<9'+6' 4'27$.+-

/GFCKNNG HÒT FKG 8GTYWPFGVGP XQO DKU (GDTWCT 5R·VGTG 2T·IWPI OKV 5VGORGNUEJPGKFGT )#.+2' 5KNDGT &WTEJOGUUGT OO CO $CPF #54 &'% &'.

++

7410

7411

<9'+6'5 -#+5'44'+%*

98

/KNKV·TOGFCKNNG /QFGNN 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV MNGKPGT 'OCKNNGCWUDTWEJ CWH FGT 8QTFGTUGKVG 'OCKNNG FGT 4ÒEMUGKVG HGJNV HCUV XQNNUV·PFKI CO $CPF #54 6CHGN +8 $174& & &'% $ &'. 1#0 4#/ 5 8'40 ++ +++

(TCP\ÌUKUEJGU 4QVGU -TGW\ 5KNDGTPG /GFCKNNG FGT 'TUVGP +PVGTPCVKQPCNGP #WUUVGNNWPI WPF -QPHGTGP\ FGU 4QVGP -TGW\GU KP 2CTKU 5KNDGT &WTEJOGUUGT OO CWH FGT 4ÒEMUGKVG 'ORH·PIGTPCOG /T &G 5VCTEM KO QTKIKPCN TWPFGP 8GTNGKJWPIUGVWK #54 5 +

7413

7412 1:1

7414

7415

&4+66' 4'27$.+-

1TFGP FGT 'JTGPNGIKQP /QFGNN /KPKCVWT FGT 1HHK\KGTUFGMQTCVKQP KP .WZWUCWUHÒJTWPI )QNF GOCKNNKGTV OKV $TKNNCPVGP ¯ LQWT IGHCUUV CWH 'EJVJGKV PKEJV IGRTÒHV CO $·PFEJGP FKG \WIGJÌ TKIG 4QUGVVG CDIGHCNNGP $174& $ &'. XCT *'1 XCT 1#0 XCT 4#/ 5 +

*ÒDUEJG MNGKPG /KPKCVWT KP HGKPGT #PHGTVKIWPIUSWCNKV·V PCEJ

&GMQTCVKQP FGT $TKICFG FGT 8QIGUGP #TOGG 5KNDGTPGT 5VGTP 5KNDGT CO $CPF $4# #54 $174& # &'% ++

6QPMKP /GFCKNNG /GFCKNNG HÒT FKG /CTKPG OKV )GHGEJVUQTVGP 5KNDGT OKV 5VGORGNUEJPGK FGT &CPKGN &WRWKU OKV QNKXGPHÌTOKIGT ¤UG CO $CPF #54 $174& $ &'% $ &'.

XCT 8'40 ++

/CTQMMQ /GFCKNNG 5KNDGT OKV 5VGORGNUEJPGKFGT )'14)'5 .'/#+4' CO $CPF

7416

++

7417 7418 1:1

$TWUVMTGW\ GKPGU /KNKV·TIGKUVNKEJGP #WOÊPKGT 5KNDGT VGKNYGKUG GOCKNNKGTV OGJTGTG 'OCKNNGCWUDTÒEJG XQT CNNGO KP FGT ITÒPGP 'OCKNNG *ÌJG OO QJPG 6TCIGMQTFGN &'. 8'40 ++p+++

%JCODQTF -TGW\ 'KPUGKVKIG #WUHÒJTWPI XGTIQNFGV WPF GOCKNNKGTV QJPG $CPF

++

*GKPTKEJ 8 )TCH XQP %JCODQTF 5QJP -ÌPKI -CTNU : XQP (TCPMTGKEJ NGV\VGT #PY·TVGT CWH FGP HTCP\ÌUKUEJGP 6JTQP CWU FGT ·NVGTGP .KPKG FGT $QWTDQPGP XGTNKGJ FKGUGU -TGW\ CNU RGTUÌPNKEJGU #PGTMGPPWPIU\GK EJGP XQT CNNGO HÒT IGNGKUVGVG 7PVGTUVÒV\WPI DGK FGT &WTEJUGV\WPI UGKPGT 6JTQPCPURTÒEJG PCEJ FGO <WUCOOGPDTWEJ FGU <YGKVGP -CKUGTTGKEJU &COCNU DGUVCPFGP GTPUVJCHVG #DUKEJVGP YKGFGT GKP DQWTDQPKUEJGU -ÌPKITGKEJ \W GTTKEJVGP FKG LGFQEJ WPVGT CPFGTGO FCTCP UEJGKVGTVGP FCUU *GPTK CWH MGKPGP (CNN FKG 6TKMQNQTG CNU 0CVKQPCNHNCIIG CM\GRVKGTGP YQNNVG WPF CWH FKG 9KGFGTGKPHÒJTWPI FGU YGK­GP .KNKGPDCPPGTU DGUVCPF

8+'46' 4'27$.+-

GT /KPKCVWTGPURCPIG 5RCPIG OKV /KPKCVWTGP 1TFGP FGT 'JTGPNGIKQP /QFGNN

/KPKCVWT \WO )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV $·PFEJGP OKV .KV\G WPF 4QUGVVG 1TFGP FGT .GIKQP QH /GTKV FGT 8GTGKPKIVGP 5VCCVGP XQP #OGTKMC /KPKCVWT FGT -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG OKP 'OCKNNGEJKRR $·PFEJGP OKV #WHNCIG 1TFGP FGU $TKVKUEJGP 'ORKTGU /QFGNN UGKV /KPKCVWT FGU -QOOCPFGWTMTGW\GU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV $·PFEJGP OKV #WHNCIG 4 +p

+PVGTGUUCPVG MNGKPG /KPKCVWTGPURCPIG XQP FGT CWHITWPF FGT <WUCOOGPUVGNNWPI CPIGPQOOGP YGTFGP MCPP FCUU UKG CWU FGO $GUKV\ GKPGU HTCP\ÌUKUEJGP #TOGGIGPGTCNU QFGT GKPGU /CTUEJCNNU XQP (TCPMTGKEJ UVCOOV +P (TCPMTGKEJ KUV GU FWTEJCWU ÒDNKEJ \WO 5OQMKPI MGKPG /KPKCVWTGPURCPIG OKV CNNGP #WU\GKEJPWPIGP FGU +PJCDGTU UQPFGTP PWT GKPG OKV FGP FTGK QFGT XKGT JÌEJUVGP \W VTCIGP

99

7422

7421

7419

(ª0(6' 4'27$.+- 5'+6

0CVKQPCNGT 8GTFKGPUVQTFGP 4KVVGTFGMQTCVKQP XGTUKNDGTV WPF VGKNYGKUG GOCKNNKGTV CO $CPF

++

&4+66' $+5 (ª0(6' 4'27$.+- 5'+6

(TCP\ÌUKUEJGU 4QVGU -TGW\ )TQ­G 'JTGPOGFCKNNG /QFGNN XGTIQNFGV WPF GOCKNNKGTV CO $CPF &C\W YGKVGTG 4QV -TGW\ #WU\GKEJPWPIGP UQYKG FTGK YGKVGTG JWOCPKV·TG #WU\GKEJPWPIGP +P WPVGTUEJKGFNK EJGP /GVCNNGP VGKNYGKUG GOCKNNKGTV CP $·PFGTP KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP

5VÒEM ++ ++p+++ +++

)#$70

1TFGP FGU SWCVQT 5VGTPU /QFGNN OKV ·NVGTGO 5VCCVUYCRRGP CWH FGT 4ÒEMUGKVG -QOOCPFGWTUFG MQTCVKQP XGTIQNFGV WPF GOCKNNKGTV 'OCKNNGCWUDTWEJ KP GKPGT 5RKV\G GVYCU XGTUEJOWV\V KO 4KPI RWP \KGTV CO *CNUDCPFCDUEJPKVV 41(( 6CHGN ++p+++

1TFGP FGU SWCVQT 5VGTPU /QFGNN OKV PGWGO 5VCCVUYCRRGP CWH FGT 4ÒEMUGKVG -QOOCPFGWTUFG MQTCVKQP XGTIQNFGV WPF GOCKNNKGTV KO 4KPI RWP\KGTV CO *CNUDCPF 41(( 6CHGN +p++

7424 7423

0CVKQPCNGT 8GTFKGPUVQTFGP -QOOCPFGWTUFGMQTCVKQP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO *CNUDCPF CDUEJPKVV 41(( 6CHGN +p++

1TFGP FGT (TGWPFUEJCHV 8GTIQNFGV WPF GOCKNNKGTV CO $CPF &C\W )CDWPKUEJGT 1TFGP HÒT FKG 0CVKQ PCNG $KNFWPI XGTUKNDGTV CO $CPF 41(( 5 5VÒEM +

100

7425 1:1

7426 1:1

)4+'%*'0.#0& '456'5 -¤0+)4'+%*

'TNÌUGTQTFGP /QFGNN $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV &WTEJ OGUUGT OO CP GEJVGT 0CFGN $'.& XCT -.'0 1#0 XCT 4#/ 5 41)4+ % 6#<' XCT 8'40 <'+ 4 +

&KG )TÌ­G FGU 5VGTPU N·UUV FCTCWH UEJNKG­GP FCUU GU UKEJ JKGTDGK WO GKPGP $TWUVUVGTP \WO )TQ­MTGW\ JCPFGNP FÒTHVG YKGYQJN FKG GTUVGP 5VCVWVGP MGKPG #PICDGP ÒDGT FKG /C­G FGTUGNDGP OCEJGP 2CRCVJCPCUQRQWNQU 2CRCVJCPCUQRQWNQU 'NKCU # 6JG 1TFGT QH VJG 4GFGGOGT KP VJG VKOG QH 1VJQP KP ITGGM NCPIWCIG #VJGPU PGPPV HÒT FKG <GKV XQP DKU GKPG <CJN XQP KPUIGUCOV 8GTNGKJWPIGP FGU )TQ­MTGW\GU WPF PWT FGU )TQ­MQOVWTU

'TNÌUGTQTFGP /QFGNN $TWUVUVGTP 5KNDGT #WHNCIGP )QNF GOCKNNKGTV &WTEJOGUUGT OO CP GEJV IQNFGPGT 0CFGN FKGUG OGJTHCEJ RWP\KGTV $'.& XCT -.'0 1#0 XCT 4#/ 5 41)4+ XCT 6#<' XCT 8'40 <'+ 44 ++

5GJT UEJÌP IGCTDGKVGVGU 'ZGORNCT &KG )TÌ­G FGU 5VGTPU N·UUV FCTCWH UEJNKG­GP FCUU GU UKEJ JKGTDGK WO GKPGP $TWUV UVGTP \WO )TQ­MQOOCPFGWT JCPFGNP FÒTHVG YKGYQJN FKG GTUVGP 5VCVWVGP MGKPG #PICDGP ÒDGT FKG /C­G FGTUGNDGP OCEJGP

7427 1:1

7428

'TNÌUGTQTFGP /QFGNN -QOOCPFGWTMTGW\ MNGKPGTG #WUHÒJTWPI &WTEJOGUUGT OO )QNF GOCKNNKGTV OKV GTI·P\VGO $CPFTKPI CO MWT\GP *CNUDCPFCDUEJPKVV $'.& -.'0 1#0 41)4+ 6#<' XCT 8'40 <'+ 4 +p++

'TNÌUGTQTFGP /QFGNN )QNFGPGU -TGW\ )QNF GOCKNNKGTV CNVGT OKP 'OCKNNGCWUDTWEJ CWH FGO 8QTFGTUGKVGP 5EJTKHVTKPI CO CNVGP GVYCU \GTUEJNKUUGPGP 1TKIKPCNDCPF OKV \GTFTÒEMVGT 4QUGVVG $'.& &+/# 6CHGN -.'0 1#0 4#/ 5 41)4+ 6#<' 6CHGN 8'40 <'+ 4 ++

)GO·­ FGP 'KPQTFPWPIUMCVGIQTKGP XQP 6C\GFCMKU JCPFGNV GU UKEJ JKGTDGK WO GKPG (GTVKIWPI FGT (KTOC 9GKUJCWRV WPF 5ÌJPG KP *CPCW 2CRCVJCPCUQRQWNQU 2CRCVJCPCUQRQWNQU 'NKCU # 6JG 1TFGT QH VJG 4GFGGOGT KP VJG VKOG QH 1VJQP

KP ITGGM NCPIWCIG #VJGPU PGPPV HÒT FKG <GKV XQP DKU GKPG <CJN XQP KPUIGUCOV 8GTNGKJWPIGP FGU )QNFGPGP -TGW\GU

101

7429 1:1

7429 1:1

7429 1:1

'TNÌUGTQTFGP /QFGNN WPF )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 2QOQUKU KP #VJGP $'.& *'1 -.'0 1#0 XCT XCT 4#/ 5 41)4+ # 6#<' 8'40 <'+ 5VÒEM +

5GJT HGKPGT 5GV DGK FGO DGKFG +PUKIPKGP CWHITWPF FGT +FGPVKV·V FGT 'OCKNNGOCNGTGK OKVGKPCPFGT MQTTGURQPFKGTGP (GKPG #PHGTVKIWPIUSWCNKV·V WO

7430

7430

'TNÌUGTQTFGP /QFGNN WPF )TQ­MQOOCPFGWTUGV DGUVGJGPF CWU )TQ­MQO OCPFGWTMTGW\ )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC .GOCKVTG KP 2CTKU $'.& *'1 XCT XCT -.'0 1#0 XCT XCT 4#/ 5 41)4+ # 6#<' XCT XCT 8'40 <'+ 5VÒEM +

5GJT HGKPGT 5GV DGK FGO DGKFG +PUKIPKGP CWHITWPF FGT +FGPVKV·V FGT 'OCKNNGOCNGTGK OKVGKPCPFGT MQTTGURQPFKGTGP (GKPG #PHGTVKIWPIUSWCNKV·V WO

102

ex 7432

7431

7433

-TGW\ HÒT 6CRHGTMGKV /QFGNN 5KNDGTPGU -TGW\ 5KNDGT OKV DGYGINKEJGT -TQPG CO $CPF &+/# 6CHGN XCT $'.& 4#/ 5 41)4+ 564# 8'40 <'+

)GO·­ FGP 7PVGTUEJGKFWPIUOGTMOCNGP DGK 5VTCVQWFCMKU JGTXQTTCIGPFG #PHGTVKIWPI XQP )QFGV KP $GTNKP

)TKGEJKUEJGU 4QVGU -TGW\ -TGW\ HÒT FGP $CNMCPMTKGI 5KNDGT VGKNYGKUG GOCKNNKGTV CO HCN UEJGP $CPF WPF $TQP\GOGFCKNNG HÒT FGP $CNMCPMTKGI $TQP\G VGKNYGKUG GOCKNNKGTV CO $CPF 41)4+ 564# 5VÒEM

<9'+6' 4'27$.+-

2JÌPKZ 1TFGP /QFGNN )QNFGPGU 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF &+/# 6CHGN $'.& -.'0 4#/ 5 41)4+ 8'40 <'+ +p++

7434

7435

<9'+6'5 -¤0+)4'+%*

1TFGP )GQTIU + )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 8QTFGTUGKVG FGU QDGTGP -TGW\CTO \YGKHCEJ RWP\KGTV FCFWTEJ OKP #DRNCV\WPI QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG OKV ITKGEJKUEJGT *GTUVGNNGTDG \GKEJPWPI -'.#+&+5 WPF 2WP\KGTWPI $'.& *'1 XCT XCT -.'0 1#0 4#/ 5 41)4+ 8'40 <'+ 5VÒEM ++p

1TFGP )GQTIU + )TQ­MQOOCPFGWTUGV DGUVGJGPF CWU )TQ­MQOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG OKV ITKGEJKUEJGT *GTUVGNNGTDG\GKEJPWPI -'.#+&+5 $'.& *'1 XCT XCT -.'0 1#0 XCT 4#/ 5 41)4+ 8'40 <'+ 5VÒEM ++

103

7436 7437

1TFGP )GQTIU + )QNFGPGU 4KVVGTMTGW\ 5KNDGT XGTIQNFGV VGKNYGKUG XGTDNCUUV GOCKNNKGTV CO $CPF OKV 4QUGVVG &+/# 6CHGN XCT $'.& *'1 -.'0 1#0 XCT 4#/ 5 41)4+ 8'40 <'+ ++

2JÌPKZ 1TFGP /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG RWP\KGTV $'.& *'1 -.'0 1#0 4#/ 5 41)4+ 8'40 <'+ +p++

7438

7439 1:1

2JÌPKZ 1TFGP /QFGNN #WUHÒJTWPI OKV /QPQITCOO -ÌPKI 2CWNU CWH FGT 4ÒEMUGKVG FGU -TGW\GU )TQ­MQOOCPFGWTUGV DGUVGJGPF CWU )TQ­MQOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKN NKGTV \CJNTGKEJG *CCTTKUUG KP FGP -TGW\CTOGP QJPG *CNUDCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQN FGV CP 0CFGN FKGU OKV *GTUVGNNGTDG\GKEJPWPI '/' $'.& *'1 XCT -.'0 1#0 4#/ 5 41)4+ 8'40 <'+ ++ +++

-ÌPKINKEJGT 1TFGP HÒT 9QJNV·VKIMGKV /QFGNN /KPKCVWT FGT 5KNDGTPGP &GMQTCVKQP XGTUKNDGTV WPF GOCKNNKGTV CP /KPKCVWTUEJNGKHG OKV 0CFGN 4#/ 5 +

-QPXQNWV XQP XGTUEJKGFGPGP #WU\GKEJPWPIGP &CTWPVGT /KNKV·TXGTFKGPUVOGFCKNNG *GTUVGNNGT 5WG 4KXCWF -TKGIUMTGW\ -NCUUG -ÌPKINKEJGU /CTKPG -COR -TGW\ WPF FTGK 2HCFHKPFGTCWU \GKEJPWPIGP &C\W GKPHCEJG -QRKG FGU 7PCDJ·PIKIMGKVUMTKGIU -TGW\ #NNG KP QTFGPVNKEJGP 'TJCNVWPIGP CP $·PFGTP 5VÒEM ++

104

7441

7442 1:1 7443 1:1

7443 1:1

)4155$4+6#00+'0

*QUGPDCPF 1TFGP 1TFGPUMNGKPQF KO 5VKN FGU ,CJTJWPFGTVU 5KNDGT GOCKNNKGTV \CJNTGKEJG 'OCKNNG CDRNCV\WPIGP KP FGT ¤UG RWP\KGTV QJPG $CPF 4#/ 5

9KT JCNVGP FKGUGU 'ZGORNCT HÒT GKPG DGVQPV IGUEJKEJVNKEJG #PHGTVKIWPI CWU FGT \YGKVGP *·NHVG FGU ,CJTJWPFGTVU

5V 2CVTKEMU 1TFGP #OVUCD\GKEJGP FGU 9CRRGPMÌPKIU FGU 1TFGPU 7NUVGT -KPI QH #TOU )QNF GOCKNNKGTV OKV 'OCKNNGOCNGTGK GKPKIG QDGTHN·EJNKEJG -TCV\GT &WTEJOGUUGT OO QJPG $CPF -.'0 /;$ 4#/ 5 52+0- 8'40 <'+ 44 ++

0CEJ #WUHÒJTWPI WPF )GUVCNVWPI YQJN GKPG #PHGTVKIWPI XQO 'PFG FGU ,CJTJWPFGTVU CNUQ CWU FGT (TÒJ\GKV FGU 1TFGPU FGT IGUVKHVGV YWTFG 'U MÌPPVG UKEJ UQOKV WO FCU #OVUCD\GKEJGP GKPGU FGT FTGK GTUVGP 9CRRGPMÌPKIG 5KT 9KNNKCO *CYMKPU )GTCNF (QTVGUEWG QFGT 4GCT #FOKTCN 5KT %JKEJGUVGT (QTVGUEWG

JCPFGNP *ÌEJUV UGNVGPG )GNGIGPJGKV \WO 'TYGTD GKPGU #OVUCD\GKEJGPU FGU FTKVVJÌEJUVGP DTKVKUEJGP 4KVVGTQT FGPU FGT GPI OKV FGT )GUEJKEJVG +TNCPFU XGTYQDGP KUV

1TFGP FGU 5VGTPU XQP +PFKGP 5VCT QH +PFKC 5GV GKPGU 4KVVGT -QOOCPFGWTU - % 5 + -PKIJV %QO OCPFGT DGUVGJGPF CWU &GMQTCVKQP GKPGU 4KVVGT -QOOCPFGWTU )QNF 5KNDGT VGKNYGKUG GOCKNNKGTV \CJNTGKEJG &KCOCPVTQUGP #EJCV -COGG QJPG *CNUDCPF WPF $TWUVUVGTP 5KNDGT #WHNCIGP )QNF GOCKN NKGTV \CJNTGKEJG &KCOCPVTQUGP CP GEJV IQNFGPGT 0CFGN -.'0 /;$ 1#0 XCT 4#/ 5 52+0- 8'40 <'+ 5VÒEM 4 +

#NVG #PHGTVKIWPIUSWCNKV·V WO XQP DGUVGEJGPFGT 5EJÌPJGKV &GT 1TFGP IGNCPIVG XQTYKGIGPF CP KPFKUEJG (ÒTUVGP \WT 8GTNGKJWPI

105

7446 7444 1:1 7445

1TFGP FGU +PFKUEJGP 4GKEJGU 1TFGT QH VJG +PFKCP 'ORKTG /KPKCVWT FGT &GMQTCVKQP FGT /KVINKGFGT

%QORCPKQP % + ' /QFGNN )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG ITCXKGTV CO $·PFEJGP /;$ 1#0 4#/ 5 4 +

1TFGP FGU $TKVKUEJGP 'ORKTGU 1TFGT QH VJG $TKVKUJ 'ORKTG /QFGNN UGKV <KXKNGU -QO OCPFGWTMTGW\ %QOOCPFGT % $ ' 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV HÒT <KXKN *'1 -.'0 /;$ 1#0 4#/ 5 52+0- 8'40 <'+ +

*GTXQTTCIGPFG 'TJCNVWPI

1TFGP FGU $TKVKUEJGP 'ORKTGU 1TFGT QH VJG $TKVKUJ 'ORKTG /KNKV·TKUEJG $TKVKUEJ 'ORKTG /GFCKNNG

/QFGNN 6[R OKV '++4 UGKV 5KNDGT CO 4CPF OKV 6T·IGTKPUEJTKHV .'10#4& ,1*0 $#4$'4 CO OKNKV·TKUEJGP $CPF *'1 -.'0 /;$ 1#0 4#/ 5 52+0- 8'40 <'+ ++

7447

7448

-ÌPKINKEJGT 8KMVQTKC 1TFGP -ÌPKINKEJGT 8KEVQTKC 1TFGP -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV /CVTKMGNPWOOGT % CO *CNUDCPFCDUEJPKVV *'1 XCT -.'0 /;$ 1#0 4#/ 5 52+0- 8'40 <'+ ++

&KGUGU -TGW\ YWTFG CWHITWPF UGKPGT /CVTKMGNPWOOGT CO ,CPWCT CP FGP DTKVKUEJGP 8GTNGIGT 5KT (TGFGTKEM /CEOKNNCP XGTNKGJGP

1TFGP FGU JN ,QJCPPGU XQP ,GTWUCNGO 1TFGT QH 5V ,QJP QH ,GTWUCNGO 5GV GKPGU 4GEJVUTKVVGTU DGUVGJGPF CWU *CNUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF WPF $TWUVUVGTP 5KNDGT XGT IQNFGV WPF GOCKNNKGTV \WO <GPVTWO JKP \YGK MNGKPG 'OCKNNGEJKRRU CP GEJV IQNFGPGT 0CFGN -.'0 /;$ 1#0 4#/ 5 52+0- 61< 5 8'40 <'+

5VÒEM 4 ++ ++p 5GNVGPGT 5GV KP ·NVGTGT #PHGTVKIWPI \W $GIKPP FGU ,CJTJWPFGTVU

106

7450

7450

7449

1TFGP FGU JN ,QJCPPGU XQP ,GTWUCNGO 1TFGT QH 5V ,QJP QH ,GTWUCNGO 5GV GKPGU )PCFGPTKVVGTU DGUVGJGPF CWU *CNUMTGW\ 5KNDGT GOCKNNKGTV OKV MWT\GO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT GOCKNNKGTV CWH FGO 0CFGNDQEM *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6Q[G -GPPKPI WPF 5RGPEGT KP .QPFQP CP 0CFGN -.'0 /;$ 1#0 4#/ 5 52+0- 61< 5 8'40 <'+ 5VÒEM 4 ++

1TFGP FGU JN ,QJCPPGU XQP ,GTWUCNGO 1TFGT QH 5V ,QJP QH ,GTWUCNGO 1HHK\KGTUMTGW\ HÒT &COGP 5KNDGT GOCKNNKGTV &WTEJOGUUGT OO CP &COGPUEJNGKHG -.'0 /;$ 1#0 4#/ 5 52+0- 61< 5 8'40 <'+ ++

5EJÌPGT WPF TGNCVKX UGNVGPGT 5GV KP GKPGT JGTXQTTCIGPFGP #PHGTVKIWPI FGT <YKUEJGPMTKGIU\GKV +O ,CJTG DG UEJNQUU FCU )GPGTCNMCRKVGN FGU 1TFGPU FCUU FKG +PUKIPKGP FGT )PCFGPTKVVGT MÒPHVKI PWT PQEJ CWU XGTUKNDGTVGO /GVCNN JGTIGUVGNNV YGTFGP UQNNVGP

5EJQP YWTFG FWTEJ FGP 1TFGP DGUEJNQUUGP FKG +PUKIPKGP MÒPHVKI PWT PQEJ KP XGTUKNDGTVGO /GVCNN JGTUVGNNGP \W NCUUGP

7452

7451

7453

8KEVQTKC -TGW\ 7PXGTNKGJGPGU 'ZGORNCT HÒT FKG /CTKPG $TQP\G CO CNVGP \GTUEJNKUUGPGP $CPF &'.

1#0 4#/ 5 ++

-ÌPKINKEJGU 4QVGU -TGW\ 4Q[CN 4GF %TQUU -TGW\ -NCUUG 44% GTUVG #WUICDG WPVGT -ÌPKIKP 8KEVQTKC 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP &COGPUEJNGKHG /;$ 4#/ 5 52+0- 8'40 4 ++

-ÌPKINKEJGU 4QVGU -TGW\ 4Q[CN 4GF %TQUU -TGW\ -NCUUG #44% GTUVG #WUICDG WPVGT )GQTI 8 5KNDGT VGKNYGKUG GOCKNNKGTV CP &COGPUEJNGKHG KO 1TKIKPCNGVWK FGU -TQPLWYGNKGTU )CTTCTF %Q +P .QPFQP /;$ 4#/ 5 52+0- 8'40 ++

7454

#NNIGOGKPG 'KPUCV\ /GFCKNNG FGT /CTKPG 0CXCN )GPGTCN 5GTXKEG /GFCN /GFCKNNG 5KNDGT CWH FGO 4CPF YQJN CWVJGPVKUEJGT 6T·IGTPCOG 9 &19 /+&5*+2/#0 GKPG MNGKPG 4CPFMGTDG CO $CPF OKV $CPFURCPIG /#; $1#6 5'48+%' $$/ /;$ EEZZXKKK 4#/ 5 52+0- 8'40 44 ++

0CEJ /;$ YWTFGP XQP FKGUGT $CPFURCPIG PWT 5VÒEM XGTCWUICDV *KGTXQP GPVHKGNGP CP FKG $GUCV\WPI FGT 5EJKHHG */5 4GFYKPI FGT */5 4GRWNUG FGT */5 8QNQPVCKTG WPF FGT */5 7PFCWPVGF &KGUG 5EJKHHG OKV EC /CPP $GUCV\WPI WPVGT -CRKV·P / 'PPKU NCPFGVGP CO /CK KO MNGKPGP *CHGP XQP /QTIKQW DGK 6QWNQP YQDGK FGT GKPG 6GKN FGT /·PPGT GKPG -CPQPGP $CVVGTKG \GTUVÌTVGP WPF FGT CPFGTG OGJTGTG DGNCFGPG *CPFGNU UEJKHHG GTQDGTVGP FKG IGTCFG FGP *CHGP XGTNCUUGP YQNNVGP 9KT JCNVGP FKG 4CPFRT·IWPI HÒT CWVJGPVKUEJ ÒDGTPGJOGP LGFQEJ MGKPG )GY·JTNGKUVWPI JKGTHÒT

107

7456 1:1

7457 1:1

7455 1:1

#NNIGOGKPG 'KPUCV\ /GFCKNNG FGT /CTKPG 0CXCN )GPGTCN 5GTXKEG /GFCN /GFCKNNG 5KNDGT CWH FGO 4CPF PKEJV CWVJGPVKUEJGT TGPCOGF 6T·IGTPCOG ,15J $4190 GKPG MNGKPG 4CPFMGTDG CO $CPF OKV $CPFURCPIG 64#(#.)#4 $$/ /;$ NZZX 4#/ 5 52+0- 8'40

++

0CEJ /;$ YWTFGP XQP FKGUGT $CPFURCPIG 5VÒEM XGTCWUICDV #WHITWPF FGU NGIGPF·TGP 5GGUKGIGU #FOKTCN 0GNUQPU ÒDGT FKG (NQVVG 0CRQNGQPU DGK 6TCHCNICT CO 1MVQDGT IGPKG­GP LGFQEJ FKG /GFCKNNGP OKV FGT INGKEJ PCOKIGP $CPFURCPIG GKP UGJT JQJGU #PUGJGP DGK 5COONGTP 5VÒEM OKV PCEJIGYKGUGPGP 1TKIKPCN 0COGP MQUVGP VTQV\ FGT TGNCVKXGP *·WHKIMGKV EC 'WTQ

#NNIGOGKPG 'KPUCV\ /GFCKNNG FGT /CTKPG 0CXCN )GPGTCN 5GTXKEG /GFCN /GFCKNNG 5KNDGT 6T·IGTPCOG CWH FGO 4CPF CDIGUEJNKHHGP OGJTGTG MNGKPG 4CPFFGNNGP CO $CPF OKV $CPFURCPIG #.)+'45 $$/ /;$ ENZZXKK 4#/ 5 52+0- 8'40 ++

0CEJ /;$ YWTFGP XQP FKGUGT $CPFURCPIG 5VÒEM XGTCWUICDV #O #WIWUV GTQDGTVG GKP DTKVKUEJ PKGFGTN·PFKUEJGU 'ZRGFKVKQPUMQTRU WPVGT #FOKTCN .QTF 'ZOQWVJ FKG 5VCFV #NIKGT KP 0QTFCHTKMC

/KNKV·TKUEJG #NNIGOGKPG 'KPUCV\OGFCKNNG /KNKVCT[ )GPGTCN 5GTXKEG /GFCN /GFCKNNG 5KNDGT CWH FGO 4CPF YQJN CWVJGPVKUEJGT 6T·IGTPCOG ,1*0 5722.' VJ 4')V QH (11 6 \YGK MNGKPG 4CPFFGNNGP WPF GKPG -TCV\GTUVGNNG \YKUEJGP 8QT WPF 0CEJPCOGP CO $CPF OKV $CPFURCPIGP 6#.#8'4# 5#.#/#0%# WPF 8+6614+# $$/ /;$ Z ZKZ ZZKKK 4#/ 5 52+0- 8'40 ++

0CEJ $$/ YWTFGP FGP GJGOCNKIGP -·ORHGTP FGU 4GIKOGPVU \W (W­ D\Y KJTGP P·EJUVGP #PIGJÌTKIGP HÒT KJTG 6GKNPCJOG CP FGP UQ IGPCPPVGP 2GUPKPUWNC -TKGIGP CWH FGT URCPKUEJGP *CNDKPUGN CWH #PVTCI KPUIGUCOV PWT 5RCPIGP 6#.#8'4# ,WNK 5RCPIGP 5#.#/#0%# ,WNK WPF 5RCPIGP 8+6614+# ,WPK XGTNKGJGP 9KT JCNVGP FKG 4CPFRT·IWPI HÒT CWVJGPVKUEJ ÒDGTPGJOGP LGFQEJ MGKPG )GY·JTNGKUVWPI JKGTHÒT

7459

7458

7458

$CNVKMWO /GFCKNNG 5KNDGT QJPG 6T·IGTPCOGP CO PGWGP $CPF #54 &'. $$/ /;$ 4#/ 5 52+0- 8'40 ++

/GFCKNNGP QJPG 6T·IGTPCOGP YWTFGP XQTYKGIGPF CP HTCP\ÌUKUEJG 5QNFCVGP XGTNKGJGP FKG WPVGT DTKVKUEJGO -QO OCPFQ UVCPFGP

-TKO /GFCKNNG 5KNDGT OKV 6T·IGTPCOGP /#46+0 CO UR·VGTGP PKEJV ICP\ RCUUGPFGP $CPF OKV 5RCPIG 5'$#56121. #54 $174& # $4# &'. $$/ /;$ 4#/ 5 52+0- 8'40 +++ 8KGN IGVTCIGPGU 'ZGORNCT

108

7460

7461

7462

-TKO /GFCKNNG 5KNDGT QJPG 6T·IGTPCOGP CO CNVGP 1TKIKPCNDCPF OKV 5RCPIG 5'$#56121. #54 $174& # $4# &'. $$/ /;$ 4#/ 5 52+0- 8'40 +

'ZGORNCT KP VCFGNNQUGT 'TJCNVWPI OKV UEJÌPGT CNVGT 2CVKPC /GFCKNNGP QJPG 6T·IGTPCOGP YWTFGP XQTYKGIGPF CP HTCP\ÌUKUEJG 5QNFCVGP XGTNKGJGP FKG WPVGT DTKVKUEJGO -QOOCPFQ UVCPFGP

-TKO /GFCKNNG 5KNDGT QJPG 6T·IGTPCOGP QJPG $CPF WPF 5RCPIGP #54 $174& # $4# &'. $$/ /;$ 4#/ 5 52+0- 8'40 ++

/GFCKNNGP QJPG 6T·IGTPCOGP YWTFGP XQTYKGIGPF CP HTCP\ÌUKUEJG 5QNFCVGP XGTNKGJGP FKG WPVGT DTKVKUEJGO -QO OCPFQ UVCPFGP

-TKO /GFCKNNG 5KNDGT QJPG 6T·IGTPCOGP CO CNVGP 1TKIKPCNDCPF OKV &WTEJ\WIU 5RCPIG 5'$#56121. #54 $174& # $4# &'. $$/ /;$ 4#/ 5 52+0- 8'40 ++

/GFCKNNGP QJPG 6T·IGTPCOGP YWTFGP XQTYKGIGPF CP HTCP\ÌUKUEJG 5QNFCVGP XGTNKGJGP FKG WPVGT DTKVKUEJGO -QO OCPFQ UVCPFGP

7464

7463

-TKO /GFCKNNG 4GFWMVKQP 5KNDGT &WTEJOGUUGT OO QJPG 6T·IGTPCOGP CO $CPF OKV 5RCP IGP 5'$#56121. $#.#-.#8# +0-'4/#00 WPF #./# #54 $174& $ $4# &'. $$/ /;$ 4#/ 5 52+0- 8'40 4 +

#NU 4GFWMVKQP UGNVGP

#DGUUKPKGP -TKGI /GFCKNNG #D[UUKPKCP 9CT /GFCN /GFCKNNG 5KNDGT CWH FGT 4ÒEMUGKVG 0Q 0#+37' )12#.. 4#0#; VJ 4')V $Q 0 + OGJTGTG 4CPFMGTDGP WPF 4CPFFGNNGP CWH FGT 4ÒEMUGKVG WPVGT FGT $GHGUVKIWPI FGT -TQPG UVCTMGT 4CPFUEJCFGP -TQPGPDGHGUVKIWPI CNV IGIN·VVGV CO $CPF $$/ /;$ 4#/ 5 52+0- 8'40 +++p

0CEJ $$/ YWTFGP KPUIGUCOV /GFCKNNGP CP #TOGGCPIGJÌTKIG CWUIGIGDGP +O ,CJTG JCVVG -ÌPKI 6JGQ FQT XQP VJKQRKGP GKPG 4GKJG #WUN·PFGT IGHCPIGP IGPQOOGP FCTWPVGT FGP DTKVKUEJGP -QPUWN GKPKIG /KUUKQPCTG WPF CPFGTG DTKVKUEJG 5VCCVUDÒTIGT 5KG YCTGP KP -GVVGP IGNGIV WPF PCEJ FGT *CWRVUVCFV /CIFCNC XGTDTCEJV YQTFGP 0CEJ LCJTGNCPIGP *KPCWU\ÌIGTWPIGP UGKVGPU FGT VJKQRKGT NCPFGVG UEJNKG­NKEJ GKP 'ZRGFKVKQPUMQTRU WPVGT )GPGTCNNGWVPCPV 5KT 4QDGTV 0CRKGT KP VJKQRKGP #O #RTKN GTQDGTVG GT FKG FCOCNKIG *CWRVUVCFV /CIFCNC 0CEJ FGO 5GNDUV OQTF -ÌPKI 6JGQFQTU WPF FGT $GHTGKWPI FGT )GHCPIGPGP YWTFG /CIFCNC FGO 'TFDQFGP INGKEJIGOCEJV (ÒT FKGUG $GHTGKWPIUCMVKQP YWTFG )GPGTCNNGWVPCPV 0CRKGT \WO .QTF 0CRKGT XQP /CIFCNC GTJQDGP

109

7465

7469 1:1,5

-CKUGTKP XQP +PFKGP /GFCKNNG 'ORTGUU QH +PFKC /GFCN 5KNDGTPG /GFCKNNG 5KNDGT GKPG 4CPF FGNNG &WTEJOGUUGT OO CO $CPF /;$ 4#/ 5 52+0- 8'40 ++

'KPFTWEMUXQNNGU 'JTGP\GKEJGP XQP ITQ­GO (QTOCV

-QPXQNWV XQP XKGT XGTUEJKGFGPGP OKNKV·TKUEJGP /GFCKNNGP &CTWPVGT &KGPUVCWU\GKEJPWPIUOGFCKNNG FGT /CTKPG 0CXCN )GPGTCN 5GTXKEG /GFCN /QFGNN )GQTI 8 5KNDGT OKV 4CPFRT·IWPI 21 5 $ 5#/2510 24+8#6' 4 / . + QJPG $CPF 7PVGTUEJKGFNKEJG /GVCNNG KP QTFGPVNKEJGT 'TJCNVWPI VGKNYGKUG CP $·PFGTP 5VÒEM ++

$TKVKUEJGU 4QVGU -TGW\ -QPXQNWV XQP HÒPH XGTUEJKGFGPGP #WU\GKEJPWPIGP FCXQP XKGT GOCKNNKGTV WPF FTGK OKV 6T·IGTITCXWTGP FC\W GKPG &KGPUVCWU\GKEJPWPIUOGFCKNNG XQP FGO 1TFGP FGU JN ,QJCPPGU XQP ,GTWUCNGO 1TFGT QH 5V ,QJP QH ,GTWUCNGO 5KNDGT OKV 6T·IGTITCXWT / / 9+,'574+;# %';.10 21.+%' %25 5,#$1 5VÒEM ++

-QPXQNWV XQP XKGT XGTUEJKGFGPGP #WU\GKEJPWPIGP FGU $TKVKUEJGP 4QVGP -TGW\GU 8GTIQNFGV D\Y XGTUKNDGTV LGYGKNU GOCKNNKGTV VGKNYGKUG OKV 6T·IGTPCOGP LGYGKNU CO $CPF OKV 6TCIGURCPIG 5VÒEM ++

1XCNG 2QT\GNNCP 2NCMGVVG OKV FGO 2QTVTCKV XQP 5KT #TVJWT 9JKVVGP $TQYP *ÌJG OO $TGKVG OO OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 9GFIGYQQF WPF , OKV #WHJ·PIGT +p++

5KT #TVJWT 9JKVVGP $TQYP - $ ' YCT 0CXKICVQT 5KT ,QJP #NEQEMU - $ ' & 5 % DGK FGUUGP GTUVGT ªDGTSWGTWPI FGU #VNCPVKMU OKV GKPGO (NWI\GWI XQP 5V ,QJP U KP 0GWHWPFNCPF PCEJ %NKHFGP KP +TNCPF XQO DKU ,WPK

7470

7PDGMCPPVGU UEJQVVKUEJGU #OVUCD\GKEJGP $TQP\G 5KNDGT XGTIQNFGV QJPG $CPF

4 ++

#WH FGT GKPGP 5GKVG YQJN FGT 8QTFGTUGKVG KUV FGT XQP FGT DTKVKUEJGP -ÌPKIUMTQPG ÒDGTJÌJVG 5EJKNF FGU -ÌPKITGKEJU 5EJQVVNCPF \W UGJGP CWH FGT CPFGTGP YQJN FGT 4ÒEMUGKVG FGT JN #RQUVGN #PFTGCU OKV FGO #PFTGCUMTGW\ #PFTGCU KUV FGT 2CVTQP 5EJQVVNCPFU WPF FGU UEJQVVKUEJGP &KUVGNQTFGPU FGU \YGKVJÌEJUVGP 1TFGPU FGU 8GTGKPKIVGP -ÌPKITGKEJU XQP )TQ­DTKVCPPKGP WPF 0QTFKTNCPF 1D GU UKEJ JKGTDGK WO GKPG #OVUKPUKIPKG FGU &KUVGNQTFGPU JCPFGNV MCPP LGFQEJ PKEJV OKV $GUVKOOVJGKV IGUCIV YGTFGP

110

7472

7471

7472

-ÌPKINKEJGT #PVGFKNWXKCPKUEJGT 1TFGP FGT $ÒHHGN -QNNCPG FGU /GKUVGTU FGT /KFNCPF .QIG $TQP\G OKV 4GUVXGTIQNFWPI VGKNYGKUG GOCKNNKGTV OGJTGTG MNGKPG 'OCKNNGCWUDTÒEJG CWH FGT 4ÒEMUGKVG FKGUGU -NGKPQFU *GTUVGNNGTDG\GKEJPWPI FGT (KTOC * 5NKPIUD[ 5QP KP 0WPGCVQP CWH 5COVWPVGTNCIG CWHIGNGIV ++p

*#+6+ -¤0+)4'+%* *'04+ %*4+5612*'

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN *GKPTKEJ 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV 'OCKNNGOC NGTGK KO TÒEMUGKVKIGO <GPVTWO #DUEJÒTHWPI QJPG $CPF *#+6 5 XCT 1#0 4 +p++

9KT JCNVGP FKGUGU 5VÒEM HÒT GKPG PKEJV \GKVIGPÌUUKUEJG CDGT FGPPQEJ CNVG #PHGTVKIWPI XQP JQJGT 3WCNKV·V

111

7473

4'27$.+-

0CVKQPCNQTFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO 5EJWNVGT DCPF WPF $TWUVUVGTP 5KNDGT CP 0CFGN FKGUG RWP\KGTV *#+6 5 W 1#0 XCT

5VÒEM ++ NVGTG JGTXQTTCIGPFG #PHGTVKIWPI

7476 1:1

7475

7474

0CVKQPCNQTFGP -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG OGJTGTG 'OCKN NGCWUDTÒEJG KO 5EJTKHVTGKH GVYCU XGTUEJOWV\V KO 6TCITKPI OGJTHCEJ RWP\KGTV CO *CNUDCPFCDUEJPKVV *#+6 5 1#0 ++p+++

1TFGP 2GVKQP WPF $QNKXCT $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT XGTIQNFGV CP 0CFGN FKGUG RWP\KGTV *#+6 5 1#0 ++

1TFGP FGU 5VGTPU XQP 1\GCPKGP /KPKCVWT FGU 1TFGPUMNGKPQFU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV QJPG $·PFEJGP /'&% 5 1#0 44 +

*#9#++ (GKPG /KPKCVWT FKGUGU UGJT UGNVGPGP 1TFGPU FGT PWT \YGKOCN KP FGT )TQ­QHHK\KGTUMNCUUG CEJVOCN KP FGT -QOOCP FGWTMNCUUG FTGKOCN KP FGT 1HHK\KGTUMNCUUG WPF \YÌNHOCN KP FGT 4KVVGTMNCUUG CNUQ KP CNNGP -NCUUGP KPUIGUCOV PWT OCN KP FGP ,CJTGP XQP DKU XGTNKGJGP YWTFG

112

7477

7478

7478

4'27$.+- 5'+6

+0&+'0

/GFCKNNG FGU +PVGTPCVKQPCNGP 2TWVJKXK 2TGKUGU )QNFGPG /GFCKNNG Hร T 2JKNQUQRJKG 5KNDGT )QNF

KPUIGUCOV EC IT CWH FGT 4ร EMUGKVG 9KFOWPIUITCXWT &4 * 8 '7.'4 CP 6TCIGร UG KO 1TKIKPCNGVWK FGT 5VCCVNKEJGP /ร P\G KP $QODC[ 44 +p

'KPFTWEMUXQNNG WPF UGJT UGNVGPG 2TGKUOGFCKNNG

+06'40#6+10#.' )'5'..5%*#(65 14&'0

25'7&1&;0#56+5%*' +06'40#6+10#.' )'5'..5%*#(65 14&'0 /QIQNG 1TFGP 1TFGPUFGMQTCVKQP )QNF VGKNYGKUG GOCKNNKGTV CO $CPF

44 ++p

'ZVTGO UGNVGPG &GMQTCVKQP GKPGU 1TFGPU FGT IGIGP 'PFG FGU ,CJTJWPFGTVU XQP GKPGT KP 2CTKU GZKNKGTVGP KPFKUEJGP 2TKP\GUUKP XGTNKGJGP YWTFG

7479 7480

1TFGP FGT JN -CVJCTKPC XQO $GTIG 5KPCK 4KVVGTMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV GOCKNNKGTV \YGK -TGW\URKV\GP NGKEJV XGTDQIGP LGFQEJ QJPG 'OCKNNGUEJCFGP OKP 'OCKNNGEJKRRU CO $CPF 1#0 ++

/GNWUKPGP 1TFGP -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKP (GJNGT KO /KVVGNUEJKNF CO URยทVGTGP *CNUDCPFCDUEJPKVV 1#0 4 ++

)W[ FG .WUKIPCP GTJQD FGP #PURTWEJ CWU FGT (COKNKG .WUKIPCP FGT GJGOCNKIGP -ร PKIG XQP <[RGTP WPF XQP ,GTW UCNGO CD\WUVCOOGP FKG FKG +PUGN XQP DKU TGIKGTVGP 'T PCPPVG UKEJ HQTVCP Mร PKINKEJGT 2TKP\ XQP ,GTWUC NGO <[RGTP WPF #TOGPKGP WPF DGNGDVG KO ,CJTG FGP IGOยทยญ GKPGT .GIGPFG DGTGKVU IGITร PFGVGP 1TFGP PGW WPF XGTNKGJ KJP HQTVCP KP GKPGT -NCUUG DKU \W UGKPGO 6QFG KO ,CJTG

+O ,CJTG GTPGWGTVG /CTKG FG .WUKIPCP )GOCJNKP )W[ FG .WUKIPCPU UQ IGPCPPVGT -ร PKINKEJGT 2TKP\ XQP ,GTWUCNGO <[RGTP WPF #TOGPKGP FGP IGOยทยญ GKPGT .GIGPFG UEJQP IGUVKHVGVGP 1TFGP &GT 1TFGP YWTFG DKU \WO 6QFG )W[ FGU .WUKIPCPU KO ,CJTG XGTNKGJGP

113

7482

7483

7481

/GNWUKPGP 1TFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF 1#0

++

-CKUGTNKEJGT -QPUVCPVKPKCPKUEJGT /KNKV·TKUEJGT 1TFGP XQO JN )GQTI )TQ­MTGW\ XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO QJPG $CPF ++

&GT 1TFGP YKTF XQP GKPGO FGT \CJNTGKEJGP JGWVKIGP 2UGWFQ 6JTQPCPY·TVGT FGU WPVGTIGICPIGPGO QUVTÌOK UEJGP -CKUGTTGKEJGU OKV 5KV\ KP -QPUVCPVKPQRGN XGTNKGJGP

1TFGP FGT 0QTOCPPKUEJGP -TQPG XQP #NVCXKNNC )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV FCU /KVVGNOGFCKNNQP WPUCEJIGO·­ CWHIGMNGDV FGUJCND \CJNTGKEJG -NGDUVQHHURWTGP CWH FGP -TGW\CTOGP CP 0CFGN 5VÒEM ++ ++p+++

&GT 1TFGP YKTF XQO *GT\QI XQP #NVCXKNNC *CWVGXKNNG XGTNKGJGP FGO 2T·VGPFGPVGP CWH FKG -TQPG FGU 0QTOCPPK UEJGP -ÌPKITGKEJU 5K\KNKGP

7484

7485

+06'40#6+10#.' )'5'..5%*#(65 14&'0 706'4 -+4%*.+%*'/ 2416'-614#6

1TFGP 7PUGTGT .KGDGP (TCW XQP /GTEGFGU -QOVWTMTGW\ XGTIQNFGV WPF GOCKNNKGTV OKP 'OCKN NGEJKRR CWH GKPGT 5GKVG CO *CNUDCPFCDUEJPKVV ++

*GTXQTTCIGPFG ·NVGTG #PHGTVKIWPI

'TKPPGTWPIUMTGW\ \WO L·JTKIGP $GUVGJGP FGT -NÌUVGT CWH FGO $GTI #VJQU KO ,CJTG /QFGNN 5KNDGT XGTIQNFGV CO *CNUDCPFCDUEJPKVV 4 +p++ 6C\GFCMKU HÒJTV KP UGKPGO #WHUCV\ KO $WEJ ÒDGT FKG 1TFGP -QPTCF #FGPCWGTU 6COOCPP ) #PFTGCU WPF *QOOGN 'PIGNDGTV &KG 1TFGP WPF 'JTGP\GKEJGP -QPTCF #FGPCWGTU 6JG 1TFGTU CPF &GEQTCVKQPU CYCTFGF VQ -QPTCF #FG PCWGT $CF *QPPGH 5 H CWU FCUU FGT ÌMWOGPKUEJG 2CVTKCTEJ #VJGPCIQTCU FCU -TGW\ CWU FGO Q C )TWPF KO ,CJTG IGUVKHVGV JCV 5Q JCV CWEJ -QPTCF #FGPCWGT FCU -TGW\ KO ,WPK GTJCNVGP 0CEJ FGP ,WDKN·WOUHGK GTNKEJMGKVGP HWJT #VJGPCIQTCU HQTV FCU -TGW\ CNU RGTUÌPNKEJG #PGTMGPPWPI \W XGTNGKJGP +O ,CJTG YWTFG FCU -TGW\ KP GKPGP OGJTMNCUUKIGP 1TFGP XQO JN #PFTGCU WOIGYCPFGNV FGT UEJNKG­NKEJ DKU \WO 6QFG #VJGPCIQTCU XGTNKGJGP YWTFG

114

7487

7486

1TFGP 7PUGTGT .KGDGP (TCW FGT )QVVGUIGD·JTGTKP 1TFGPUFGMQTCVKQP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF NCEMKGTV QJPG *CNUDCPF 4 ++

&KGUGT 1TFGP YKTF XQP GKPGO WPDGMCPPVGP ITKGEJKUEJ QTVJQFQZGP 2CVTKCTEJGP QFGT 'T\DKUEJQH FGU 0CJGP 1UVGPU XGTNKGJGP

1TFGP FGT JN #RQUVGN 2GVTWU WPF 2CWNWU $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF NCEMKGTV OKP 4GRCTCVWTGP CP 0CFGN 44 ++

&KGUGT 1TFGP YKTF XQO ITKGEJKUEJ QTVJQFQZGP 2CVTKCTEJGP XQP #PVKQEJKC HÒT 8GTFKGPUVG WO FCU 2CVTKCTEJCV XGTNKGJGP WPF KUV UGJT UGNVGP \W HKPFGP

7488

1TFGP 7PUGTGT .KGDGP (TCW XQP $GVNGJGO 5GV FGT )PCFGP )TQ­QHHK\KGTG DGUVGJGPF CWU )TQ­QHHK \KGTUMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQN FGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #NDGTVK KP /CKNCPF CP 0CFGN 5VÒEM ++ NVGTG #PHGTVKIWPI CWU FGP GT ,CJTGP

115

7489

7490

2CVTKCTEJCNKUEJGT 1TFGP FGU *GKNKIGP -TGW\GU \W ,GTWUCNGO )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QH HK\KGTUMTGW\ XGTIQNFGV WPF GOCKNNKGTV OKP -QTTQUKQPUUVGNNGP CP FGT -TQPG *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5 ,QJPUQP KP /CKNCPF WPF 4QO CP 0CFGN 5VÒEM ++

&GT 1TFGP UVCPF WPVGT FGO 2CVTQPCV FGU KP\YKUEJGP XGTUVQTDGPGP 2CVTKCTEJGP /CZKOQU 8 *CMKO )TKGEJKUEJ /GN MKVKUEJ -CVJQNKUEJGT 2CVTKCTEJ XQP #PVKQEJKGP WPF FGO ICP\GP 1TKGPV XQP #NGZCPFTKGP WPF XQP ,GTWUCNGO

)TKGEJKUEJ 1TVJQFQZGT 1TFGP XQO *GKNKIGP )TCD 4KVVGTFGMQTCVKQP XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV CWH FGT 4ÒEMUGKVG RNQODKGTVG 4GNKSWKGPMCRUGN OKV GKPNKGIGPFGT 4GNKSWKG CO $CPF 4 +p++

&KG +PUKIPKGP FGT 4KVVGTMNCUUG UKPF TGEJV UGNVGP KO 8GTINGKEJ \W FGP YGUGPVNKEJ J·WHKIGT CP\WVTGHHGPFGP +PUKIPKGP FGT JÌJGTGP -NCUUGP

7491

7492 7493

51056+)' +06'40#6+10#.' )'5'..5%*#(65 14&'0

5QWXGT·PGT WPF /KNKV·TKUEJGT 1TFGP FGU 6GORGNU XQP ,GTWUCNGO KP (TCPMTGKEJ /KPKCVWT FGU 1TFGPUMTGW\GU )QNF GOCKNNKGTV CO CNVGP 1TKIKPCND·PFEJGP 4 ++

3WCNKVCVKX JQEJYGTVKIG #TDGKV CWU FGO GTUVGP &TKVVGN FGU ,CJTJWPFGTVU &GT 6GORNGTQTFGP YCT FWTEJ FGP UR·VGTGP )TQ­OGKUVGT $GTPCTF 4C[OQPF (CDT¾ 2CNCRTCV \W $GIKPP FGU ,CJTJWPFGTVU YKGFGT DGNGDV YQTFGP WPF GTHTGWVG UKEJ UGKPGT\GKV GKPGT ITQ­GP $GNKGDVJGKV

5QWXGT·PGT WPF /KNKV·TKUEJGT 1TFGP FGU 6GORGNU XQP ,GTWUCNGO KP (TCPMTGKEJ 1TFGPUMTGW\ OKV -TQPG XGTIQNFGV WPF GOCKNNKGTV QJPG $CPF ++p+++

#PHGTVKIWPI CWU FGT GTUVGP *·NHVG FGU ,CJTJWPFGTVU

5QWXGT·PGT WPF /KNKV·TKUEJGT 1TFGP FGU 6GORGNU XQP ,GTWUCNGO KP (TCPMTGKEJ 1TFGPUMTGW\ QJPG -TQPG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO <GPVTWO FGT 8QTFGT WPF 4ÒEMUGKVG OGJTGTG 'OCKNNGCWUDTÒ EJG QJPG $CPF ++p+++ #PHGTVKIWPI CWU FGT GTUVGP *·NHVG FGU ,CJTJWPFGTVU

116

7494

7495

5QWXGT·PGT 6GORGNJGTTGPQTFGP KP &GWVUEJNCPF 1HHK\KGTUMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO *CNU DCPFCDUEJPKVV \WUCOOGP OKV #PUVGEMCD\GKEJGP XGTUKNDGTV WPF GOCKNNKGTV CP 0CFGN 5#.. 5 ++

1TFGP FGT -TQPG -CTNU FGU )TQ­GP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ XGTIQNFGV WPF GOCKN NKGTV OKV 2WP\G CWH FGO $CPFTKPI QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 5VÃ&#x2019;EM 4 ++

7496 7496

1TFGP FGT 4KVVGT FGT %QPEQTFKC /QFGNN )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ XGTIQNFGV WPF GOCKNNKGTV OKP 'OCKNNGUEJ·FGP QJPG *CNUDCPF WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #NDGTVK KP /CKNCPF CP 0CFGN &C\W /QFGNN -QOVWTMTGW\ XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPFTKPI WPF *CNUDCPF 5VÃ&#x2019;EM ++p+++ ++

&CU /QFGNN 'PFG FGT GT DKU HTÃ&#x2019;JG GT ,CJTG KUV KP CNNGP UGKPGP -NCUUGP UGJT UGNVGP

117

7499

7497

7498

1TFGP FGT *GTOCPFCF #TIGPVKPC $TWUVUVGTP \WO )TQ­MTGW\ XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN 4 ++

$TWFGTUEJCHV FGT 4KVVGT FGU 6CUVGXKPU 9GKPMQUVGTU $TWFGTUEJCHVU\GKEJGP XGTUKNDGTV CO *CNUDCPF 4

7PDGMCPPVGT KPVGTPCVKQPCNGT ,QJCPPKVGTQTFGP 1TFGPUMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO $CPF +p++

70$'-#006' +06'40#6+10#.' )'5'..5%*#(65 14&'0

/ÌINKEJGTYGKUG JCPFGNV GU UKEJ CWEJ WO GKP DTKVKUEJGU (TGKOCWTGT $KLQW

7502 7500

7501

7PDGMCPPVGT )GUGNNUEJCHVUQTFGP -QOVWTMTGW\ $TQP\G XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF ++

7PDGMCPPVGT )GUGNNUEJCHVUQTFGP $TWUVUVGTP 5KNDGT VGKNYGKUG GOCKNNKGTV OGJTGTG 'OCKNNGUEJ·FGP KO UEJYCT\GP /CNVGUGTMTGW\ CP 0CFGN 4 ++p+++

7PDGMCPPVGT )GUGNNUEJCHVUQTFGP 4KVVGTMTGW\ OKV 5EJYGTVGTP XGTIQNFGV WPF GOCKNNKGTV CO $CPF 4 +p++

118

7503

-#+5'44'+%*

7504

+4#0

5QPPGP WPF .ÌYGP 1TFGP $TWUVUVGTP -NCUUG 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV HGKPUVG 'OCKN NGOCNGTGK 1#0 XCT +p++

(TÒJGT 1TFGPUUVGTP JGTXQTTCIGPFGT KTCPKUEJGT #PHGTVKIWPI FGT YQJN CWU FGT /KVVG FGU ,CJTJWPFGTVU UVCOOV

-TQPGP 1TFGP 6CL 1TFGP )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG MNGKPG #WUDTÒEJG KP FGT ITÒPGP 'OCKNNG OKV EC EO NCPIGO 5EJ·TRGPUVÒEM 1#0 ++p+++

1TFGP FGT &CPMDCTMGKV 8GTUKNDGTV CO HCNUEJGP $CPF &C\W \YGK YGKVGTG KTCPKUEJG #WU\GKEJPWPIGP 1#0 5VÒEM ++

7506

-¤0+)4'+%*

7506

7506

+4#-

1TFGP FGT <YGK (NÒUUG 'N 4CHKFCKP 1TFGP /QFGNN )TQ­MTGW\UGV FGT \KXKNGP #DVGKNWPI DGUVG JGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 4#/ 5 5VÒEM ++

119

7507 7507

1TFGP FGT <YGK (NÃ&#x2019;UUG 'N 4CHKFCKP 1TFGP /QFGNN )TQ­MTGW\UGV FGT OKNKV·TKUEJGP #DVGKNWPI DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGP UVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 XCT 4#/ 5 5VÃ&#x2019;EM 4 ++

&KG +PUKIPKGP FGT OKNKV·TKUEJGP #DVGKNWPI UKPF PCVWTIGO·­ YGKVCWU UGNVGPGT CNU FKGLGPKIGP FGT \KXKNGP #DVGKNWPI

7509 7508

-¤0+)4'+%*

+5.#0&

+UN·PFKUEJGT (CNMGPQTFGP /QFGNN 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO 2GPVCIQPCNDCPF $'4)* 5 *'1 XCT ,¤4) 5 -.'0 1#0 XCT 4#/ 5 8'40 <'+ 4 +p++

&GT 1TFGP YWTFG KP CNNGP UGKPGP -NCUUGP CW­GTQTFGPVNKEJ URCTUCO XGTNKGJGP 5Q IGNCPIVGP KP FGP GTUVGP ,CJTGP UGKV FGT 5VKHVWPI PWT 4KVVGTMTGW\G \WT 8GTNGKJWPI

4'27$.+- 5'+6

120

+UN·PFKUEJGT (CNMGPQTFGP /QFGNN UGKV 5GV FGU )TQ­TKVVGTU OKV 5VGTP )TQ­QHHK\KGT DGUVG JGPF CWU )TQ­TKVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KN DGT VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG OGJTHCEJ RWP\KGTV CP &QRRGNPCFGN $'4)* 5 XCT 5 *'1 XCT ,¤4) 5 5 -.'0 1#0 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM 4 +p++

7511 1:1

7510

7511 1:1

7511 1:1

+6#.+'0 2+'/106 5#4&+0+'0 -¤0+)4'+%*

5V /CWTKVKWU WPF .C\CTWU 1TFGP /KPKCVWT FGU 4KVVGTMTGW\GU )QNF GOCKNNKGTV &WTEJOGUUGT OO CO CNVGP $·PFEJGP ++p

$'+&' 5+<+.+'0 -¤0+)4'+%*

-ÌPKINKEJGT 1TFGP (TCP\ + )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ )QNF GOCKNNKGTV QJPG 5EJWNVGT DCPF WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG OKV )QNF RNCVVKGTV )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC .GOCKVTG KP 2CTKU CP 0CFGN -.'0 1#0 8'40 <'+ 5VÒEM 4 +p

9WPFGTUEJÌPGT 5GV CWU FGT 'PF\GKV FGU $QWTDQPKUEJGP -ÌPKITGKEJGU XQP JGTXQTTCIGPFGT HTCP\ÌUKUEJGT #PHGTVK IWPIUSWCNKV·V XQT

121

7512 1:1

-ÌPKINKEJGT 1TFGP (TCP\ + -QOOCPFGWTMTGW\ )QNF VGKNYGKUG HGKPUV \KUGNKGTV GOCKNNKGTV 'OCKN NGCWUDTÒEJG CWH FGT 8QTFGT WPF 4ÒEMUGKVG FGU QDGTGP -TGW\CTOU UQYKG \CJNTGKEJG MNGKPG %JKRRU KP FGT ITÒPGP 'OCKNNG FGT 8QTFGT WPF 4ÒEMUGKVG 8QTFGTUGKVGP\GPVTWO WPUCEJIGO·­ GKPIGMNGDV KP FGT 6TCIGÌUG OGJTHCEJ RWP\KGTV CO QTKIKPCN CNVGP *CNUDCPFCDUEJPKVV -.'0 1#0 8'40 <'+ 4 +++

W­GTUV JGTXQTTCIGPFG OCUUKXG #PHGTVKIWPI WO FGTGP MNGKPG 'KPUEJT·PMWPIGP KP FGT 'TJCNVWPI FGP UGJT JGTXQTTCIGPFGP )GUCOVGKPFTWEM PKEJV YGUGPVNKEJ DGGKPVT·EJVKIGP

7513 1:1 7515

7516

7514

-ÌPKINKEJGT 1TFGP (TCP\ + /KPKCVWT FGU 1TFGPUMTGW\GU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG $·PF EJGP 1#0 4 +p++

/GFCKNNG HÒT FKG 8GTVGKFKIGT XQP /GUUKPC CO 5GRVGODGT $TQP\G CO CNVGP $CPFUVÒEM CWH FGT 4ÒEMUGKVG CNVG $GUEJTGKDWPI KP FGWVUEJ $4# *';&+6 8'40 ++

)GUVKHVGV KO ,CJTG HÒT FKG 5QNFCVGP FKG CO 5GRVGODGT FGU INGKEJGP ,CJTGU FKG 5VCFV /GUUKPC UQYQJN IGIGP GKPGP #PITKHH XQP CW­GP XGTVGKFKIVGP YKG CWEJ GKPGP NKDGTCNGP #WHUVCPF KP FGT 5VCFV UGNDUV WPVGTFTÒEMVGP

/GFCKNNG HÒT FKG 7PVGTFTÒEMWPI FGT #WHUV·PFG CWH 5K\KNKGP KO ,CJTG $TQP\G CO CNVGP $CPF UVÒEM $4# *';&+6 8'40 ++

615-#0# )4155*'4<1)67/

8GTFKGPUVQTFGP XQO JN ,QUGRJ /QFGNN 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV OGJ TGTG MNGKPG #DRNCV\WPIGP KP FGP #TOURKV\GP UQYKG GKP ITÌ­GTGT 'OCKNNGCWUDTWEJ CWH FGT 4ÒEMUGKVG QJPG $CPF -.'0 1#0 8'40 <'+ 4 ++p+++

5GJT UEJÌPG WPF JGTXQTTCIGPFG #PHGTVKIWPI XQP XQT FGO 'PFG FGU )TQ­JGT\QIVWOU

122

7517 1:1

7518 1:1

7518 1:1

<KXKN 8GTFKGPUVQTFGP $TWUVUVGTP #WHNCIGP )QNF GOCKNNKGTV 5KNDGT OGJTHCEJ RWP\KGTV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI % ( 416*' WPF 9+'0 UQYKG 2WP\KGTWPIGP XQT -.'0 1#0 8'40 <'+ 5VÒEM 4 +

5GNVGPGT $TWUVUVGTP KP CDUQNWVGT $GUVGTJCNVWPI LGFQEJ KP GKPGT ÌUVGTTGKEJKUEJGP #PHGTVKIWPI PCEJ

<KXKN 8GTFKGPUVQTFGP -QOOCPFGWTMTGW\ )QNF GOCKNNKGTV KO 6TCIGTKPI OGJTHCEJ RWP\KGTV QJPG *CNUDCPF -.'0 1#0 8'40 <'+ 4 +

&KGUGT 1TFGP KUV GKPG ÌUVGTTGKEJKUEJG #PHGTVKIWPI PCEJ KP CDUQNWVGT $GUVGTJCNVWPI

7519 1:1

7521

7522

7520

<KXKN 8GTFKGPUVQTFGP /KPKCVWT 1TFGPUMTGW\ )QNF 5KNDGT XGTIQNFGV GOCKNNKGTV &WTEJOGUUGT OO QJPG $·PFEJGP 1#0 4 +p++

8'0'&+) 4'27$.+-

/GFCKNNG HÒT FKG $GHTGKGT XQP 8GPGFKI 5KNDGT CO CNVGP $CPFUVÒEM CWH FGT 4ÒEMUGKVG CNVG $G UEJTGKDWPI KP FGWVUEJ $4# *';&+6 8'40 ++

1TFGP FGT 'KUGTPGP -TQPG 5R·VGTG #PHGTVKIWPI GKPGT 4KVVGTFGMQTCVKQP 5KNDGT GOCKNNKGTV <GPVTWO )QNF OGJTGTG 'OCKNNGCDRNCV\WPIGP CO CNVGP $CPF $174& -.'0 1#0 8'40 <'+

++p+++

0#21.'10+5%*'5 -¤0+)4'+%*

#PHGTVKIWPI CWU FGT #PHCPIU\GKV FGU \YGKVGP HTCP\ÌUKUEJGP -CKUGTTGKEJGU WO

1TFGP FGT 'KUGTPGP -TQPG 5R·VGTG #PHGTVKIWPI GKPGT 4GKVGTFGMQTCVKQP 5KNDGT GOCKNNKGTV <GPVTWO )QNF \CJNTGKEJG 'OCKNNGURTÒPIG CO CNVGP $CPF $174& -.'0 1#0 8'40 <'+

++

#PHGTVKIWPI CWU FGT <GKV FGU \YGKVGP HTCP\ÌUKUEJGP -CKUGTTGKEJGU WO

123

7523

7524

-¤0+)4'+%*

1TFGP FGT -TQPG XQP +VCNKGP )TQ­QHHK\KGTUGV DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG 'OCKNNGCWUDTÒEJG KO 9CRRGP /GFCKNNQPU WPUCEJIGO·­ \WUCOOGPIGMNGDV CO IG P·JVGP *CNUDCPF WPF $TWUVUVGTP 5KNDGT #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJ PWPI FGU *QHLWYGNKGTU %TCXCP\QNC KP 4QO -.'0 1#0 4#/ 5 4#8 6CHGN :8+++ :+: 8'40 <'+ 5VÒEM ++p+++

1TFGP FGT -TQPG XQP +VCNKGP -QOOCPFGWTMTGW\ KP ªDGTITÌ­G )QNF GOCKNNKGTV ITÒPGT 5VGKP KP FGT -TQPG HGJNV &WTEJOGUUGT OO UVCVV ÒDNKEJGTYGKUG OO CO *CNUDCPF -.'0 1#0 4#/ 5 8'40 <'+ 5GNVGPG 8CTKCPVG +

'U JCPFGNV UKEJ OKV 5KEJGTJGKV WO GKP -QOOCPFGWT WPF PKEJV WO GKP )TQ­MTGW\ FC NGV\VGTG ÒDNKEJGTYGKUG GKPG -WIGNÌUG WPF PKEJV GKPG 4KPIÌUG JCDGP

7526

7525

7527

1TFGP FGT -TQPG XQP +VCNKGP /KPKCVWT FGU 4KVVGTMTGW\GU )QNF GOCKNNKGTV CO $·PFEJGP 1#0 4#/ 5 +

5GJT HGKP IGCTDGKVGVG #WUHÒJTWPI KP DGUVGT 'TJCNVWPI

1TFGP FGT -TQPG XQP +VCNKGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF -.'0 1#0 4#/ 5 4#8 6CHGN :: 8'40 <'+ XCT 4 ++

&KG -TGW\G FGU 1TFGPU FGT -TQPG XQP +VCNKGP YWTFGP DKU \WO 'PFG FGU -ÌPKITGKEJGU KP )QNF IGHGTVKIV -ÌPKI 7O DGTVQ ++ XQP +VCNKGP XGTNKGJ LGFQEJ FGP 1TFGP KO 'ZKN YGKVGT &KG +PUKIPKGP FKGUGT 8GTNGKJWPIGP YCTGP HCUV CWU PCJOUNQU KP 5KNDGT IGHGTVKIV 8GTNGKJWPIGP YWTFGP XQP 7ODGTVQ TGNCVKX UGNVGP XQTIGPQOOGP

124

8GTFKGPUVMTGW\ FGU +VCNKGPKUEJGP 4QVGP -TGW\GU /QFGNN $TQP\G XGTIQNFGV WPF GOCKNNKGTV CO $CPF )#.1 5 ++

7528

7529

7530

/GFCKNNG HÒT FKG $GHTGKWPI XQP 5K\KNKGP $TQP\GOGFCKNNG OKV 5VGORGNUEJPGKFGT\GKEJGP 5 , CO $CPF $4# *';&+6 /14+ 5 8'40 4 ++

/GFCKNNG HÒT FKG 8GVGTCPGP FGU GJGOCNKIGP )TQ­JGT\QIVWOU 6QUMCPC \WO ,CJTGUVCI $TQP\G OGFCKNNG CO CNVGP 1TKIKPCNDCPF OKV VGKNYGKUG \GTUEJNKUUGPGO 5VGTP $4# *';&+6 /14+ 8'40 ++

8GTFKGPUVOGFCKNNG FGU +VCNKGPKUEJGP 4QVGP -TGW\GU /GFCKNNG -NCUUG $TQP\G CWH FGT 4ÒEM UGKVG OKVIGRT·IVG &GFKMCVKQP 5 # 4 '.'0# &7%*'55# & #156# '47<+10' 8'578+1 &WTEJOGUUGT OO QJPG $CPF $4# )#.1 5 44 ++

$GUQPFGTU UGNVGPG /GFCKNNG KP WPIGYÌJPNKEJGT #WUHÒJTWPI DGK FGT FKG 'ORH·PIGT &GFKMCVKQP OKVIGRT·IV UVCVV YKG UQPUV ÒDNKEJ ITCXKGTV YWTFG 'NGPC *GT\QIKP XQP #QUVC WPF #PIGJÌTKIG FGU KVCNKGPKUEJGP -ÌPKIUJCWUGU GPICIKGTVG UKEJ CNU (ÒJTWPIURGTUÌPNKEJMGKV FGT 4GVVWPIUMT·HVG FGU +VCNKGPKUEJGP 4QVGP -TGW\GU DGK FGT $GUGKVKIWPI FGT (QNIGP FGU #WUDTWEJU FGU 8GUWXU DGK 0GCRGN KO ,CJTG FGO UEJYGTUVGP #WUDTWEJ UGKV FGO ,CJTG *QEJ KPVGTGUUCPVG /GFCKNNG OKV MÌPKINKEJGT 2TQXGPKGP\

7531

7534 7532

/GFCKNNG HÒT FGP %JKPC (GNF\WI $TQP\G CWH FGT 8QTFGTUGKVG *GTUVGNNGTDG\GKEJPWPI 4')+# <'%%# -ÌPKINKEJG /ÒP\G CO $CPFUVÒEM CWH FGT 4ÒEMUGKVG CNVG $GUEJTGKDWPI KP FGWVUEJ 8'40 4 +

/GFCKNNG HÒT FCU KVCNKGPKUEJG -QPVKPIGPV FGT OWNVKPCVKQPCNGP 'KPUCV\VTWRRGP KO UQ IGPCPPVGP $QZGTMTKGI DKU KP %JKPC

2KNQVGPCD\GKEJGP /QFGNN OKV .KMVQTGPDÒPFGN $TQP\G XGTIQNFGV CP 0CFGN

#WU\GKEJPWPI GKPGT +PVGTPCVKQPCNGP #WUUVGNNWPI KP 4QO 8GTIQNFGV VGKNYGKUG GOCKNNKGTV OGJTGTG 'OCKNNGCWUDTÒEJG CO $CPF ++p+++

++

4'27$.+- 5'+6

8GTFKGPUVQTFGP FGT 4GRWDNKM +VCNKGP /QFGNN )TQ­MTGW\UGV KP )QNF DGUVGJGPF CWU )TQ­MTGW\ )QNF GOCKNNKGTV KP FGT /CWGTMTQPG RWP\KGTV QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT #WHNCIGP )QNF CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )CTFKPQ %TCXCP\QNC KP 4QO CP 0CFGN *'1 XCT -.'0 1#0 4#/ 5 4#8 6CHGN :.+: 8'40 <'+ 5VÒEM 4 +p

+P GEJV IQNFGPGT #WUHÒJTWPI UGNVGP

125

7536 7535

7537

8GTFKGPUVQTFGP FGT 4GRWDNKM +VCNKGP /QFGNN )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV 5VGTPEJGPCWHNCIGP )QNF OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKN YGKUG XGTIQNFGV 5VGTPEJGPCWHNCIG )QNF CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 2Q\\K KP 4QO CP 0CFGN *'1 XCT -.'0 1#0 4#/ 5 4#8 6CHGN :.+: 8'40 <'+ 5VÒEM ++

8GTFKGPUVQTFGP FGT 4GRWDNKM +VCNKGP /QFGNN $TWUVUVGTP \WO )TQ­QHHK\KGT 5KNDGT VGKNYGKUG XGT IQNFGV WPF GOCKNNKGTV 5VGTPEJGP )QNF CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 2Q\\K KP 4QO CP 0CFGN *'1 -.'0 1#0 4#/ 5 4#8 6CHGN :.+: 8'40 <'+ ++

-¤0+).+%*' (#/+.+' $174$10 $'+&' 5+<+.+'0

-QPUVCPVKPKUEJGT /KNKV·TKUEJGT 1TFGP FGU JN )GQTI 5GV GKPGU $CKNNKU WPF ,WUVK\ )TQ­MTGW\TKVVGTU DGUVGJGPF CWU )TQ­MTGW\ OKV FGO JN )GQTI -TQPG WPF 6TQRJ·G 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6CPHCPK WPF $GTVCTGNNK KP 4QO CP 0CFGN -.'0 XCT 1#0 XCT XCT 52#$1 5 <'+ XCT XCT 5VÒEM +p++ *GTXQTTCIGPFG #PHGTVKIWPI CWU FGP GT ,CJTGP &KGUGT XQO URCPKUEJGP -ÌPKITGKEJ UQYKG XQP FGT KVCNKGPKUEJGP 4GRWDNKM WPF FGU JGKNKIGP 5VWJNGU CPGTMCPPVG 1TFGP YKTF JGWVG KOOGT PQEJ XGTNKGJGP

126

7539

7541

7538

7540 1:1

-QPUVCPVKPKUEJGT /KNKV·TKUEJGT 1TFGP FGU JN )GQTI -TGW\ GKPGU $CKNNKU WPF ,WUVK\ )TQ­MTGW\TKVVGTU OKV FGO JN )GQTI -TQPG WPF 6TQRJ·G 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM -.'0 1#0 XCT 52#$1 5 <'+ XCT +p++

*GTXQTTCIGPFG #PHGTVKIWPI FGT 6TQRJ·G WPF (KIWT 5V )GQTIU CWU FGP GT ,CJTGP

-QPUVCPVKPKUEJGT /KNKV·TKUEJGT 1TFGP FGU JN )GQTI /KPKCVWT FGU )PCFGP -QOOCPFGWTMTGW\GU ·NVGTG #WUHÒJTWPI 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $·PFEJGP OKV .KV\G WPF 4QUGVVG 52#$1 5 +p++

,#2#0

1TFGP FGT #WHIGJGPFGP 5QPPG OKV 2CYNQYPKC $NÒVGP 1TFGPUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG OKP 'OCKNNGURTÒPIG XQT CNNGO CWH FGT 4ÒEMUGKVG KO <GPVTWO LGYGKNU GKP %C DWEJQP FGTLGPKIG CWH FGT 4ÒEMUGKVG IGURTWPIGP OKV EC EO NCPIGO 5EJ·TRGPUVÒEM 1#0 2'6 4#/ 5 8'40 4 ++p+++

NVGTG LCRCPKUEJG #PHGTVKIWPI

1TFGP FGT #WHIGJGPFGP 5QPPG OKV 2CYNQYPKC $NÒVGP 1TFGPUUGV GWTQR·KUEJGT #PHGTVKIWPI DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN 1#0 XIN 2'6 4#/ 5 8'40 5VÒEM ++

'WTQR·KUEJG OÌINKEJGTYGKUG HTCP\ÌUKUEJG #PHGTVKIWPI

127

7542

7543

7545

1TFGP FGT #WHIGJGPFGP 5QPPG &GMQTCVKQP FGT -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO 1TKIK PCN *CNUDCPF KO QTKIKPCN .CEM 'VWK 1#0 2'6 4#/ 5 8'40 +

1TFGP FGT )QNFGPGP 9GKJG &GMQTCVKQP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV CO QTKIKPCNGP LGFQEJ XGTH·TDVGP $CPF 1#0 2'6 4#/ 5 8'40 ++

-QPXQNWV XQP FTGK XGTUEJKGFGPGP #WU\GKEJPWPIGP /GFCKNNG HÃ&#x2019;T FGP 4WUUKUEJ ,CRCPKUEJGP -TKGI /GFCKNNG HÃ&#x2019;T FGP /CPFUEJWTGK -TKGI XQP -TKGIUGTKPPGTWPIUOGFCKNNG FGU ,CRCPKUEJGP 4QVGP -TGW\GU ,GYGKNU CP FGP 1TKIKPCND·PFGTP NGV\VGTG CP &COGPUEJNGKHG OKV 4QUGVVG 2'6 XCT 8'40 5VÃ&#x2019;EM ++

'JTGPUEJCNG 2CYNQYPKC 'JTGPUEJCNG $TQP\G XGTIQNFGV FKG 2CYNQYPKC $NÃ&#x2019;VG WPF FKG UGEJU PCVÃ&#x2019;TNKEJGP %JT[UCPVJGOGPDNÃ&#x2019;VGP KO +PPGTP XGTUKNDGTV XGTUEJOWV\V XIN 2'6 5 ++

5GNVGPG WPF JQJG PKEJVVTCIDCTG #WU\GKEJPWPI FKG GU KP OGJTGTGP -NCUUGP WPF #WUHÃ&#x2019;JTWPIGP IKDV 5KG IGNCPIVGP WPF IGNCPIGP GPVYGFGT CNNGKP QFGT \WUCOOGP OKV 1TFGP WPF 'JTGP\GKEJGP \WT 8GTNGKJWPI

7546

7547

,14&#0+'0

128

1TFGP FGT 9KGFGTIGDWTV /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG CTCDKUEJG *GTUVGNNGTDG\GKEJPWPI 0CFGN GKPUEJNKG­NKEJ 0CFGNDQEM HGJNV 1#0 4#/ 5 4 ++ +++

1TFGP FGU LQTFCPKUEJGP 5VGTPU -CYMCD )TQ­MTGW\FGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV CWH FGT 4Ã&#x2019;EMUGKVG OGJTHCEJ RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM 1#0 4#/ +

7549

7548 7550

7PCDJ·PIKIMGKVU +UVKSNCN 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV CP 0CFGN 1#0 4#/ 5 ++

-¤0+)4'+%*

,7)15.#9+'0

1TFGP FGT ,WIQUNCYKUEJGP -TQPG $TWUVUVGTP \WT 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV &WTEJ OGUUGT OO CP 0CFGN -.'0 1#0 2+.' 6CHGN XCT 4#/ 5 415' 8'40 <'+ +

1TFGP FGT ,WIQUNCYKUEJGP -TQPG -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPF -.'0 1#0 2+.' 6CHGN XCT 4#/ 5 415' 8'40 <'+ +p++

7552 7551

1TFGP FGT ,WIQUNCYKUEJGP -TQPG -TGW\ 5VWHG 5KNDGT GOCKNNKGTV GKPKIG #DRNCV\WPIGP KP FGT ITÒ PGP 'OCKNNG CO *CNUDCPF -.'0 1#0 5 2+.' 6CHGN 4#/ 5 415' 8'40 <'+ +p++

'JTGP\GKEJGP XQO 4QVGP -TGW\ /QFGNN ! -TGW\ KP $TQP\G $TQP\G GOCKNNKGTV QJPG $CPF 2+.' 415' 8'40 +p++

&CU -TGW\ VT·IV FCU 9CRRGP FGU -ÌPKITGKEJU FGT 5GTDGP -TQCVGP WPF 5NQYGPGP CD WPF KUV KP FKGUGT (QTO KP FGT IGPCPPVGP .KVGTCVWT PKEJV PCEJIGYKGUGP

129

7553

7554

81.-54'27$.+-

1TFGP FGT LWIQUNCYKUEJGP (CJPG )TQ­QHHK\KGTU 5GV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG /CVTKMGNPWOOGT CP 0CFGN FKGUG RWP\KGTV 1#0 5 4#/ 5 47&' <'+ 5VÒEM +p++

/KNKV·TXGTFKGPUVQTFGP 5VGTP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV CP 0CFGN 1#0 5 4#/ 47&' <'+ +p++

7555

7556

7557

7559

'TKPPGTWPIUCD\GKEJGP HÒT FKG 6GKNPGJOGT FGU #WHUVCPFGU XQP #D\GKEJGP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV CWH FGT 4ÒEMUGKVG /CVTKMGNPWOOGT CP 5EJTCWDUEJGKDG OKV FGT *GTUVGNNGTDG \GKEJPWPI +-1/ <#)4'$ 1#0 4#/ 47&' <'+ 4 ++

+O ,CJTG GTOQTFGVG GKPG 1HHK\KGTUXGTUEJYÌTWPI FGP CDUQNWV TGIKGTGPFGP -ÌPKI #NGZCPFGT 1DTGPQXKEJ WPF FGUUGP )GOCJNKP &TCIC &CTCWHJKP Y·JNVGP UKG 2GVGT -CTCIGQTIGYKEJ \WO -ÌPKI FGT HQTVCP PCEJ RCTNCOGPVCTKUEJGP /GJTJGKVGP TGIKGTVG WPF FGWVNKEJ FKG UÒFUNCYKUEJG $GYGIWPI FGP UQ IGPCPPVGP ,WIQUNCYKUOWU WPVGTUVÒV\VG &KGUGT HÒJTVG NGV\VGPFNKEJ CNU (QNIG FGU 'TUVGP 9GNVMTKGIGU \WT )TÒPFWPI FGU -ÌPKITGKEJU FGT 5GTDGP -TQCVGP WPF 5NQYG PGP HÒJTVG CWU FGO FKG 8QNMUTGRWDNKM ,WIQUNCYKGP JGTXQTIGICPIGP KUV

'TKPPGTWPIUCD\GKEJGP HÒT FKG 6GKNPGJOGT FGU #WHUVCPFGU XQP #D\GKEJGP 5KNDGT CP 5EJTCWDG 1#0 4#/ 47&' <'+

/KNKV·T 1TFGP (TCPLQ -NW\ 5KNDGT VGKNYGKUG XGTIQNFGV CP 0CFGN 1#0 4#/ 47&' <'+ ++

8QNMUXGTFKGPUV 1TFGP &GMQTCVKQP -NCUUG 6[R OKV XGTIQNFGVGO 5VGTP 5KNDGT VGKNYGKUG XGTIQN FGV CWH FGT 4ÒEMUGKVG GKPITCXKGTV +++ WPF CP 5EJTCWDUEJGKDG OKV *GTUVGNNGTDG\GKEJPWPI +-1/ <#)4'$ &C\W /GFCKNNG HÒT JGTXQTTCIGPFGP &KGPUV <C 8QLPKEMG 8TNKPG WPF GKPG YGKVGT #WU\GKEJPWPI DGKFG CP &TGKGEMUD·PFGTP 1#0 4#/ 47&' XCT <'+

5VÒEM ++

-¤0+)4'+%*

130

-#/$1&5%*#

)QNFGPG 8GTFKGPUVOGFCKNNG -ÌPKI 0QTQFQO + 5KNDGT XGTIQNFGV CO CNVGP 1TKIKPCNDCPF &'. ++

7560

7563 7561

7562

7564

-#/'470

1TFGP HÒT 6CRHGTMGKV 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV QJPG $CPF 41(( 6CHGN XCT ++

-1.7/$+'0

1TFGP FGU JN -CTN -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF 1#0 5 +p++

1TFGP FGU )TÒPGP *CNDOQPFU /QFGNN 1HHK\KGTUFGMQTCVKQP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV 4QUGVVG 41(( 6CHGN +

-QPIQKUEJGT 8GTFKGPUVQTFGP 4KVVGTFGMQTCVKQP XGTUKNDGTV WPF GOCKNNKGTV CO $CPF 1#0 41(( 6CHGN XCT 4 +p++

0CVKQPCNQTFGP FGU .GQRCTFGP /QFGNN DNCW WPF TQV GOCKNNKGTV )TQ­MTGW\UGV FGT \KXKNGP #DVGKNWPI DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV MNGKPGT 'OCKNNGCWU DTWEJ KO XQTFGTUGKVKIGP /GFCKNNQPTKPI OKV EC EO NCPIGO 5EJ·TRGPUVÒEM FGU GTUVGP 6[RU WPF $TWUVUVGTP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 2 FG )TGGH KP $TÒUUGN CP 0CFGN 41(( 5 5VÒEM 4 ++

-1/14'0

-10)1

-10)1 &'/1-4#6+5%*' 4'27$.+-

5GJT UEJYGTGT WPF UVCTM IGYÌNDVGT $TWUVUVGTP

131

-- 7566 --

7565

<#+4'

0CVKQPCNQTFGP FGU .GQRCTFGP /QFGNN CD ITÒP WPF TQV GOCKNNKGTV 1HHK\KGTUFGMQTCVKQP FGT OKNKV·TKUEJGP #DVGKNWPI XGTIQNFGV WPF GOCKNNKGTV QJPG $CPF 41(( 6CHGN ++

-14'# 5ª&-14'# 4'27$.+- 5'+6

1TFGP FGU 0CVKQPCNGP (WPFCOGPVU /QFGNN 5GV FGT -NCUUG UQ IGPCPPVGT 7PCDJ·PIKIMGKVU 1TFGP DGUVGJGPF CWU *CNUFGMQTCVKQP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO MWT\GP *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 1#0 XCT 5VÒEM 4 +p++

9KG CNNG MQTGCPKUEJGP #WU\GKEJPWPIGP UGNVGP

7567

1TFGP HÒT 8GTFKGPUVG KO &KRNQOCVKUEJGP &KGPUV FGT\GKVKIGU /QFGNN )TQ­MTGW\UGV IGPCPPV )YCPIJYC 1TFGP DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN 5VÒEM 4 +p++

5GJT UEJÌP IGUVCNVGVGU WPF YKG CNNG MQTGCPKUEJGP #WU\GKEJPWPIGP UGNVGPGU 'PUGODNG

014&-14'# 81.-54'27$.+- 5'+6

132

1TFGP FGT 0CVKQPCNHNCIIG -NCUUG ·NVGTG #WUHÒJTWPI 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG 8GTNGKJWPIUPWOOGT CP 5EJTCWDUEJGKDG %#$ XCT ++

7569

7570

-41#6+'0 -¤0+)4'+%* 70& '456' 4'27$.+-

1TFGP FGT -TQPG -ÌPKI <XQPKOKTU -TGW\ -NCUUG OKV 5EJYGTVGTP XGTIQNFGV WPF GOCKNNKGTV CO &TGKGEMUDCPF $#4# -.'0 1#0 8'40 <'+ ++

1TFGP FGT -TQPG -ÌPKI <XQPKOKTU 'KUGTPG /GFCKNNG #WUHÒJTWPI OKV UVCTTGT -TQPG <KPM CO CNVGP &TGKGEMUDCPF FGU 8GTFKGPUVQTFGPU OKV CWHIGNGIVGO 'KEJGPMTCP\ $#4# C XCT -.'0 XCT 8'40 XCT <'+ ++

+PVGTGUUCPVG IGVTCIGPG 8CTKCPVG

7571 1:1

8GTFKGPUVQTFGP #DVGKNWPI HÒT %JTKUVGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT GOCKNNKGTV OKV EC EO NCPIGO GVYCU HNGEMKIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV CP 0C FGN $#4# C D -.'0 1#0 8'40 <'+ 5VÒEM ++

133

7572 7573

7575

7576 7574

-7$# $ª4)'4.+%*' 4'27$.+- $+5

1TFGP %CTNQU /CPWGN FG %GURGFGU )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQN FGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT )TÌ­VGPVGKNU XGTIQNFGV GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVKIWC 8KNCTFGDQ WPF 4KGTC KP *CXCPPC 1#0 5VÒEM +p++

1TFGP %CTNQU , (KPNC[ -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCD UEJPKVV 1#0 4 +p++

&GT 1TFGP KUV KP CNNGP -NCUUGP TGNCVKX UGNVGP \W HKPFGP

'JTGP WPF 8GTFKGPUVQTFGP FGU -WDCPKUEJGP 4QVGP -TGW\GU $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT ITÌ­VGPVGKNU XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN 4 +p++

'JTGP WPF 8GTFKGPUVQTFGP FGU -WDCPKUEJGP 4QVGP -TGW\GU -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGT IQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV ++

'456' 4'27$.+-

134

.'66.#0&

1TFGP FGT FTGK 5VGTPG )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG MNGKPGT 1DGTHN·EJGPEJKRR GVYCU XGTUEJOWV\V OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC /ÒNNGT KP 4KIC OGJTHCEJ RWP\KGTV TGEJVGT 5GKVGPJCMGP CDIGDTQEJGP CP 0CFGN -#8 6CHGN -.'0 1#0 8'40 <'+ 5VÒEM ++

-- 7577 -7580

-- 7578 --

7579

.+$'4+#

1TFGP FGU 5VGTPU XQP #HTKMC )TQ­QHHK\KGTUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT XGTIQN FGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV 'OCKNNGCWUDTWEJ KO 5EJTKHVTKPI CP 0CFGN FKGUG RWP\KGTV 1#0 41(( 6CHGN 5VÃ&#x2019;EM ++

1TFGP FGU 5VGTPU XQP #HTKMC )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV 'OCKNNGCWUDTWEJ KO 5EJTKHVTKPI CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV 1#0 41(( 6CHGN

5VÃ&#x2019;EM ++

1TFGP FGU 5VGTPU XQP #HTKMC 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 4Q UGVVG 1#0 41(( 5 ++

&KG +PUKIPKGP FGT DGKFGP WPVGTGP )TCFG UKPF CWH FGO /CTMV YGKVCWU UGNVGPGT \W HKPFGP CNU FKGLGPKIGP FGT FTGK QDGTGP )TCFG

.+'%*6'056'+0

(Ã&#x2019;TUVNKEJGT NKGEJVGPUVGKPKUEJGT 8GTFKGPUVQTFGP 5GV FGU -QOVWTU OKV 5VGTP DGUVGJGPF CWU -QOVWT MTGW\ XGTIQNFGV WPF GOCKNNKGTV CP *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV 1DGTHN·EJGPEJKRR KP FGT DNCWGP 'OCKNNG CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVQP 4GKVVGTGT KP 9KGP *'1 XCT XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM ++

135

7581

7583

.+6#7'0

'456' 4'27$.+-

1TFGP 8[VCWVCU FGU )TQ­GP -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV -TQPG OKV FTGK IGUEJNKH HGPGP 5VGKPGP DGUGV\V CO *CNUDCPFCDUEJPKVV -#8 6CHGN -.'0 1#0 8'40 <'+

4 +p++

-TGW\ HÒT .GDGPUTGVVWPI $TQP\G 4GUVXGTIQNFWPI GOCKNNKGTV QJPG $CPF -#8 6CHGN 8'40

4 ++p

0CUUCWKUEJGT *CWUQTFGP XQO )QNFGPGP .ÌYGP )TQ­MTGW\ )QNF GOCKNNKGTV OGJTGTG MNGKPG *CCT TKUUG KP FGT YGK­GP 'OCKNNG WPF \CJNTGKEJG #DURNKVVGTWPIGP CWH FGO 4ÒEMUGKVGP /GFCKNNQP OKV EC EO NCPIGO 5EJ·TRGPUVÒEM *'1 -.'0 1#0 4#/ 5 5%*115 6CHGN :.+ 8'40 9'+.1 C <'+ 4 ++p +++p

.7:'/$74)

.CWV /GKLGT YWTFGP KP FGP ,CJTGP DKU FWTEJ FGP -ÌPKI WPF )TQ­JGT\QI 9KNJGNO +++ KPUIGUCOV PWT )TQ­MTGW\G XGTNKGJGP *GT\QI #FQNRJ XQP 0CUUCW JCV KP FGP ,CJTGP XQP DKU PWT OCN FGP 1TFGP FCOCNU PQEJ GKPMNCUUKI XGTNKGJGP

7584 1:1

7585

0CUUCWKUEJGT *CWUQTFGP XQO )QNFGPGP .ÌYGP $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT #WHNCIGP )GND WPF 4QVIQNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC # /QWUUCWNV KP #OUVGT FCO CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV *'1 -.'0 1#0 4#/ 5 5%*115 6CHGN :.+ 8'40 9'+.1 D <'+ 4 +

(TÒJG WPF ·W­GTUV JGTXQTTCIGPFG #PHGTVKIWPI WO EC 0CEJ /GKLGT YWTFGP KP FGP ,CJTGP DKU FWTEJ FGP -ÌPKI WPF )TQ­JGT\QI 9KNJGNO +++ KPUIGUCOV PWT )TQ­MTGW\G XGTNKGJGP *GT\QI #FQNRJ XQP 0CUUCW JCV KP FGP ,CJTGP XQP DKU PWT OCN FGP 1TFGP FCOCNU PQEJ GKPMNCUUKI XGTNKGJGP

136

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN UGKV -QOOCPFGWTMTGW\ QJPG -TQPG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF *'1 XCT -.'0 1#0 XCT 4#/ 5 5%*115 6CHGN .::+8 XCT 8'40 9'+.1 CC <'+ 4 +

7587 7586

7588

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN UGKV 4KVVGTMTGW\ QJPG -TQPG 5KNDGT GOCKNNKGTV UVCTM CPIGNCWHGP CO $CPF *'1 XCT -.'0 1#0 XCT 4#/ 5 5%*115 6CHGN .::+8 XCT 8'40 9'+.1 C XCT <'+ ++

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN UGKV )QNFGPG 8GTFKGPUVOG FCKNNG /QFGNN 5KNDGT XGTIQNFGV CO *CNUCPUCV\ 5VGORGNUEJPGKFGTUKIPCVWT $1'45%* CO UR·VGTGP $CPF *75 I -.'0 4#/ 5 8'40 XCT 9'+.1 C <'+ 4 ++

&GT 5VGORGN \W FKGUGT GTUVGP /GFCKNNG YWTFG XQO MÌPKINKEJ $C[GTKUEJGP *QHOGFCKNNGWT #NQKU $ÌTUEJ IGUEJPKVVGP WPF FKG GTUVGP /GFCKNNGP YWTFGP KO 5GRVGODGT KP FGT $C[GTKUEJGP /ÒP\G IGRT·IV .CWV )GDJCTFV

)GDJCTFV -CTN #NQKU $ÌTUEJ -ÌPKINKEJ $C[GTKUEJGT /ÒP\ WPF *QHOGFCKNNGWT /ÒPEJGP 5 YWTFGP XQP FKGUGT /GFCKNNG XQP DKU PWT /GFCKNNGP KP 5KNDGT XGTIQNFGV KP 5KNDGT WPF KP $TQP\G CPIGHGTVKIV #D YWTFGP FKG /GFCKNNGP FWTEJ FKG (KTOC #TVJWU $GTVTCPF KP 2CTKU IGHGTVKIV FKGUG VTCIGP LGFQEJ MGKPGP )TCXGWTPCOGP

<KXKN WPF /KNKV·TXGTFKGPUVQTFGP #FQNRJU XQP 0CUUCW /QFGNN UGKV 5KNDGTPG 8GTFKGPUVOG FCKNNG /QFGNN 5KNDGT CO *CNUCPUCV\ 5VGORGNUEJPGKFGTUKIPCVWT $1'45%* CO $CPF *75 J -.'0 4#/ 5 8'40 9'+.1 C <'+ ++

0CEJ )GDJCTFV )GDJCTFV -CTN #NQKU $ÌTUEJ -ÌPKINKEJ $C[GTKUEJGT /ÒP\ WPF *QHOGFCKNNGWT /ÒP EJGP 5 YWTFGP XQP FKGUGT /GFCKNNG 'ZGORNCTG XQO 5GRVGODGT DKU \WO 1MVQDGT IGRT·IV

7589

7590

7591

1TFGP FGT 'KEJGPMTQPG )TQ­MTGW\ #WUHÒJTWPI OKV GKPIGNGIVGO 9 KO /KVVGNOGFCKNNQP )QNF GOCKNNKGTV &WTEJOGUUGT OO OKV -WIGNÌUG CP 5EJ·TRGPUEJNGKHG *'1 -.'0 1#0 4#/ 5 5%*115 6CHGN .+ 8'40 9'+.1 C <'+ +p++

1TFGP FGT 'KEJGPMTQPG $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN #WUHÒJTWPI OKV GKPVGKNKIGO /GFCKN NQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV MNGKPG 'OCKNNGTGRCTCVWT KO 5EJTKHVTKPI CP 0CFGN *'1 XCT -.'0 1#0 4#/ 5 5%*115 6CHGN .+8 8'40 9'+.1 D XCT <'+ +p++

1TFGP FGT 'KEJGPMTQPG $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN #WUHÒJTWPI OKV OGJTVGKNKIGO /G FCKNNQP WPF HÒPH HCEGVVKGTVGP *CNDMWIGNP KO TQVGP /GFCKNNQPTKPI UVCVV FGU FQTV ÒDNKEJGTYGKUG XQTJCPFG PGP /QVVQU ,' /#+06+'0&4#+ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP \KGTV *'1 XCT -.'0 XCT 1#0 XCT 4#/ 5 5%*115 6CHGN .+8 XCT 8'40 XCT 9'+.1 DD XCT <'+ XCT 4 ++

+PVGTGUUCPVG DKUJGT PKEJV FQMWOGPVKGTVG 8CTKCPVG

137

1TFGP FGT 'KEJGPMTQPG )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV GKPVGKNKIGP /GFCKNNQPU $CPFTKPI RWP\KGTV CO IGP·JVGP *CNUDCPF WPF $TWUVUVGTP 5KNDGT #WHNCIGP XGTIQNFGV GKPVGKNKIGU /GFCKNNQP CP 0CFGN FKGUG RWP\KGTV KO GVYCU DGUEJ·FKIVGP QTKIKPCNGP 8GTNGKJWPIUGVWK *'1 -.'0 1#0 4#/ 5 5%*115 .+8 XCT .8++ 8'40 9'+.1 C XCT D XCT <'+ 5VÒEM +p++

9QJN GKPG (GTVKIWPI FGT (KTOC #TVJWU $GTVTCPF KP 2CTKU

7594

7595

7593

1TFGP FGT 'KEJGPMTQPG $TWUVUVGTP \WO )TQ­QHHK\KGT #WUHÒJTWPI OKV OGJTVGKNKIGO /GFCKNNQP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OGJTGTG %JKRRU KP FGT ITÒPGP 'OCKNNG FGT 'KEJGPDN·VVGT #WHNCIGP VGKNYGKUG )QNF CWH FGT 4ÒEMUGKVG RWP\KGTV CP 0CFGN *'1 -.'0 1#0 4#/ 5 5%*115 6CHGN .+8 8'40 9'+.1 D <'+ ++

1TFGP FGT 'KEJGPMTQPG -QOOCPFGWTMTGW\ #WUHÒJTWPI OKV GKPIGNGIVGO 9 )QNF GOCKNNKGTV &WTEJOGUUGT OO CO CNVGP *CNUDCPFCDUEJPKVV *'1 XCT -.'0 1#0 4#/ 5 5%*115 6CHGN .8 8'40 9'+.1 C XCT <'+ +p++

1TFGP FGT 'KEJGPMTQPG -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV OGJTVGKNKIGO /G FCKNNQPU CO IGP·JVGP *CNUDCPF KO PKEJV RCUUGPFGP 'VWK *'1 XCT -.'0 1#0 4#/ 5 5%*115 .8++ 8'40 9'+.1 C <'+ ++

7596 7597

7598

1TFGP FGT 'KEJGPMTQPG 4KVVGTMTGW\ #WUHÒJTWPI OKV CWHIGNGIVGO /QPQITCOO 9 )QNF GOCKNNKGTV TÒEMUGKVKIGU /GFCKNNQP GVYCU GKPIGFTÒEMV CDGT PKEJV DGUEJ·FKIV &WTEJOGUUGT OO 4KPIÌUG CO $CPF *'1 -.'0 1#0 4#/ 5 5%*115 .8++ 8'40 9'+.1 XCT <'+ ++

NVGT #WUHÒJTWPI WO FKG /KVVG FGU ,CJTJWPFGTVU

1TFGP FGT 'KEJGPMTQPG 4KVVGTMTGW\ #WUHÒJTWPI OKV CWHIGNGIVGO /QPQITCOO 9 5KNDGT XGTIQNFGV WPF GOCKNNKGTV /GFCKNNQPTKPIG )QNF -WIGNÌUG CO $CPF *'1 -.'0 1#0 4#/ 5 5%*115 .8++ 8'40 9'+.1 XCT <'+ ++

1TFGP FGT 'KEJGPMTQPG 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV GKPVGKNKIGP /GFCKNNQPU CO $CPF \WUCOOGP OKV 4GXGTUUEJNGKHG KO QTKIKPCNGP 8GTNGKJWPIUGVWK *'1 -.'0 1#0 4#/ 5 5%*115 .8++ 8'40 9'+.1 <'+ +p++

1TFGP FGT 'KEJGPMTQPG 5KNDGTPG 8GTFKGPUVOGFCKNNG FGU 1TFGPU LÒPIGTG 2T·IWPI 'ZGORNCTG LG YGKNU 5KNDGT CO $CPF WPF KP ·NVGTGO WPF PGWGTGO 1TKIKPCNGVWK *'1 *';& XCT *75 -.'0 4#/ 5 5%*115 .8++ 8'40 9'+.1 D <'+ 5VÒEM +p++

2T·IWPI FGT (KTOC (KDTW (KUEJ KP $TÒUUGN

138

7600

8GTFKGPUVQTFGP )TQ­MTGW\UGV OKV GKPVGKNKIGO /GFCKNNQP DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV *'1 XCT -.'0 1#0 XCT 4#/ 5 5%*115 .::8++ 8'40 9'+.1 C D <'+ 5VÃ&#x2019;EM +p++

8GTFKGPUVQTFGP )TQ­QHHK\KGTUUGV OKV OGJTVGKNKIGP /GFCKNNQPU DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNUDCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN KO 1TKIKPCNGVWK *'1 -.'0 1#0 XCT 4#/ 5 5%*115 .::8+++ XCT 8'40 9'+.1 C D <'+ 5VÃ&#x2019;EM +p++

9QJN GKPG (GTVKIWPI FGT (KTOC #TVJWU $GTVTCPF KP 2CTKU

7605 7602

8GTFKGPUVQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTVGKNKIG /GFCKNNQPU CO $CPF KO 1TKIKPCNGVWK *'1 XCT -.'0 1#0 4#/ 5 5%*115 .:::+ XCT 8'40 9'+.1 XCT <'+ +p++

9QJN GKPG (GTVKIWPI FGT (KTOC #TVJWU $GTVTCPF KP 2CTKU

8GTFKGPUVQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTVGKNKIG /GFCKNNQPU CO $CPF *'1 XCT -.'0 1#0 4#/ 5 5%*115 .:::+ XCT 8'40 9'+.1 XCT <'+ +p++

8GTFKGPUVQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTVGKNKIG /GFCKNNQPU CP &COGPUEJNGKHG *'1 XCT -.'0 1#0 4#/ 5 5%*115 .:::+ XCT 8'40 9'+.1 XCT <'+ +p++

8GTFKGPUVQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV GKPVGKNKIG /GFCKNNQPU CO $CPF \WUCO OGP OKV 4GXGTUUEJNGKHG KO 1TKIKPCNGVWK *'1 XCT -.'0 1#0 XCT 4#/ 5 5%*115 .:::+ 8'40 9'+.1 XCT <'+ +p++

8GTFKGPUVQTFGP 8GTFKGPUVOGFCKNNG XGTIQNFGV CO $CPF <WUCOOGP OKV )QNFGPGT 8GTFKGPUVOGFCKNNG FGT 7PKQP )TCPF &WE #FQNRJG FTKVVGU /QFGNN XGTIQNFGV CO $CPF OKV 2CNOGPCWHNCIG UQYKG PKGFGT N·PFKUEJGU -TGW\ HÃ&#x2019;T -TKGIUGKPU·V\G CO $CPF *'1 -.'0 4#/ 5 5%*115 .:::+ 8'40 9'+.1 9'+.+ C <'+ 5VÃ&#x2019;EM +p++

139

7607

/#&#)#5-#4 4'27$.+- 70& 81.-54'27$.+- 5'+6

0CVKQPCNQTFGP FGT 4GRWDNKM /CFCICUMCT )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV GKPGO EC EO NCPIGP 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV %*#7 5 41(( 6CHGN XCT 5VÒEM +p++

7609

7608

7610

8GTFKGPUVQTFGP XQP /CFCICUMCT -QOVWTFGMQTCVKQP XGTIQNFGV CO *CNUDCPFCDUEJPKVV %*#7 41(( 6CHGN +

,1*14'

/#.#;5+#

1TFGP FGT -TQPG XQP ,QJQTG &GMQTCVKQP FGU )TQ­MQOOCPFGWTU -NCUUG 5KNDGT #WHNCIGP WPF ªDGTJÌJWPI )QNF VGKNYGKUG GOCKNNKGTV OGJTGTG 'OCKNNGUEJ·FGP KO <GPVTWO CWH FGT 4ÒEMUGKVG FGT -TQPG CTCDKUEJG )TCXWT QJPG 5EJWNVGTDCPF LGFQEJ OKV MWT\GO $CPFUVÒEM /#. 5 1#0 4#/ 5 44 ++p+++

9KG CNNG OCNC[UKUEJGP #WU\GKEJPWPIGP UGJT UGNVGP

-'.#06#0

140

1TFGP FGT -TQPG XQP -GNCPVCP &GMQTCVKQP -NCUUG PGWGTG #WUHÒJTWPI 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OKP 'OCKNNGEJKRRU KP FGP /QPFGP CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV QJPG 5EJWNVGT DCPF /#. 5 4#/ 5 44 ++

7612

7611

5178'4 0'4 /#.6'5'4 4+66'414&'0

1TFGPUKPUKIPKGP )TQ­MTGW\ GKPGU 'JTGP WPF &GXQVKQPU $CKNNKU FGT HTCP\ÌUKUEJGP <WPIG OKV .KNKGP MTQPG KP FGT ·NVGTGP (QTO OKV 6TQRJ·G DKU KP FKG <YKUEJGPMTKGIU\GKV 5KNDGT XGTIQNFGV WPF GOCKNNKGTV LGYGKNU GKP 'OCKNNGUEJCFGP CWH FGT 8QTFGT WPF 4ÒEMUGKVG &WTEJOGUUGT OO CO CNVGP 5EJWNVGT DCPF *'1 XCT /#.6 6CHGN XCT -.'0 1#0 5 241 4#/ 5 HH 52#/# 5 XCT <'+ 4 ++p+++

1TFGPUKPUKIPKGP )TQ­MTGW\ GKPGU 'JTGP WPF &GXQVKQPU $CKNNKU KP FGT LÒPIGTGP (QTO QJPG 6TQRJ·G UGKV FGT <YKUEJGPMTKGIU\GKV $TQP\G OKV 4GUVXGTIQNFWPI GOCKNNKGTV OGJTGTG MNGKPGTG 'OCKNNGUEJCFGP CWH FGT 8QTFGT WPF 4ÒEMUGKVG &WTEJOGUUGT OO CO CNVGP \GTUEJPKVVGPGP 5EJWNVGTDCPF *'1 /#.6 6CHGN XCT -.'0 XCT 1#0 5 241 4#/ 5 HH 47) XCT 52#/# 5 XCT <'+ XCT ++p+++

/ÌINKEJGTYGKUG JCPFGNV GU UKEJ JKGTDGK WO GKPGP )TWHV QFGT 6JGCVGTQTFGP

7613

7614

7615 1:1

1TFGPUKPUKIPKGP $TWUVMTGW\ GKPGU 4GEJVUTKVVGTU UQ IGPCPPVGU 2TQHG­MTGW\ )QNF GOCKNNKGTV \YGK OKP 'OCKNNGEJKRRU CWH GKPGO -TGW\CTO CP 0CFGN *'1 /#.6 6CHGN -.'0 1#0 5 241 4#/ 5 HH 52#/# 5 <'+ ++p

(GKPG #TDGKV WO

1TFGPUKPUKIPKGP $TWUVMTGW\ GKPGU 0QXK\KCVU 4KVVGTU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO CP 0CFGN *'1 /#.6 6CHGN XCT -.'0 XCT 1#0 5 241 4#/ 5 HH 47) 52#/# 5 XCT <'+ XCT 4 +p++

1TFGPUKPUKIPKGP /KPKCVWT GKPGU 4KVVGTMTGW\GU GKPGU HTCP\ÌUKUEJGP 1TFGPUTKVVGTU )QNF VGKNYGKUG HGKPUVG )TCPWNCVKQPUCTDGKV GOCKNNKGTV -TGW\CTOURKV\GP OKP XGTDQIGP OKV 'OCKNNGCDRNCV\WPIGP &WTEJOGUUGT OO KO $CPFTKPI RWP\KGTVGO QTKIKPCN CNVGP 5GKFGPDCPF 1#0 5 4#/ 5 HH ++

5GJT HGKPG #TDGKV WO

141

7619 7616

7617 7618

1TFGPUKPUKIPKGP 1TFGPUMTGW\ OKV -TQPG )QNF GOCKNNKGTV OKP 'OCKNNGCDRNCV\WPIGP KP FGP <GPVTGP WPF KP GKPGT -TGW\CTOURKV\G CWH FGT 4ÒEMUGKVG *GTUVGNNGT\GKEJGP GKPGU WPDGMCPPVGP 1TFGPULWYGNKGTU DGUVGJGPF CWU GKPGO 5RKGIGNOQPQITCOO OKV FGP $WEJUVCDGP 2 WPF YQJN FTGK 5VTCW­GPHGFGTP &WTEJOGUUGT OO QJPG $CPF *'1 /#.6 -.'0 1#0 5 241 4#/ 5 HH 52#/# <'+ ++p

#PHGTVKIWPI WO

1TFGPUKPUKIPKGP -TGW\ GKPGT 'JTGP WPF &GXQVKQPU &COG ·NVGTGT #TV )QNF GOCKNNKGTV OKP 'OCKNNGCD RNCV\WPI KP GKPGT -TGW\CTOURKV\G CWH FGT 4ÒEMUGKVG *GTUVGNNGT\GKEJGP GKPGU WPDGMCPPVGP 1TFGPULWYG NKGTU DGUVGJGPF CWU GKPGO 5RKGIGNOQPQITCOO OKV FGP $WEJUVCDGP 2 WPF YQJN FTGK 5VTCW­GPHGFGTP CP UGJT UEJÌPGT CNVGT &COGPUEJNGKHG *'1 /#.6 6CHGN XCT -.'0 XCT 1#0 5 241 4#/ 5 HH 52#/# 5 XCT <'+ XCT 4

5GJT UEJÌPG #PHGTVKIWPI WO

1TFGPUKPUKIPKGP )TQ­MTGW\ GKPGU /CIKUVTCN )TQ­MTGW\TKVVGTU OKV 5EJWNVGTDCPF 1TFGPUMTGW\ OKV 1T FGPUYCRRGP /QFGNN EC DKU KP FKG GT ,CJTG OKV GKPGO EC EO NCPIGO 5EJ·TRGPUVÒEM *'1 /#.6 -.'0 1#0 5 241 4#/ 5 HH 47) 52#/# <'+ 4 ++

5GNVGP FC KP FGT GTUVGP *·NHVG FGU ,CJTJWPFGTVU #WHPCJOGP XQP 0KEJVCFNKIGP KP FKG JÌJGTGP )TCFG FGU 1TFGPU TGNCVKX UGNVGP YCTGP

8GTFKGPUVQTFGP /QFGNN CWH FGT 4ÒEMUGKVG /CNVGUGTMTGW\ 8GTFKGPUVMTGW\ -NCUUG OKV -TQPG 5KNDGT XGTIQNFGV CO *CNUDCPFCDUEJPKVV -.'0 1#0 5 241 4#/ 5 <'+ ++

7620

142

8GTFKGPUVQTFGP /QFGNN UGKV OKV # & /%/:: CWH FGT 4ÒEMUGKVG )TQ­MTGW\UCV\ DGUVG JGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUV UVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )CTFKPQ %TCXCP\QNC KP 4QO CP 0CFGN *'1 /#.6 6CHGN -.'0 1#0 241 4#/ 5 52#/# 5 <'+ 5VÒEM +p++

7624

7622 7625 1:1

7626

8GTFKGPUVQTFGP D\Y /QFGNN UGKV 5GV XQP FTGK 8GTFKGPUVOGFCKNNGP KP )QNF XGTIQNFGV 5KNDGT XGTUKNDGTV WPF $TQP\G LGYGKNU CP FGP &TGKGEMUD·PFGTP OKV FGT -TKGIUFGMQTCVKQP FGU /Q FGNNU /#.6 6CHGN XCT XCT XCT -.'0 XCT XCT XCT 1#0 5 241 4#/ 5 52#/# 5 <'+ XCT XCT XCT 5VÃ&#x2019;EM +

'TKPPGTWPIUOGFCKNNG *KNHG HÃ&#x2019;T 7PICTP $TQP\G CO $CPF KO 1TKIKPCNGVWK FGT (KTOC 5 ,QJPUQP KP /CKNCPF /#.6 6CHGN 1#0 5 241 4#/ 5 52#/# +p++

'TKPPGTWPIUOGFCKNNG *KNHG HÃ&#x2019;T 7PICTP $TQP\G CO $CPF /#.6 6CHGN 1#0 5 241 4#/ 5 52#/# +p++

)GF·EJVPKUOGFCKNNG \WT ,CJTHGKGT FGT )TQ­GP $GNCIGTWPI XQP /CNVC KO ,CJTG 0KEJV VTCIDCT $TQP\G XGTIQNFGV &WTEJOGUUGT OO ++

+O /CK YKFGTUVCPF FGT 1TFGP CWH FGT +PUGN /CNVC OKV 4KVVGTP WPF 5QNFCVGP WPVGT FGT (Ã&#x2019;JTWPI FGU )TQ­OGKUVGTU .C 8CNGVVG FGT ITQ­GP $GNCIGTWPI FGT +PUGN FWTEJ EC 6Ã&#x2019;TMGP

/#41--1

1WKUUCO *CHKFKGP 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ QFGT )TQ­QHHK\KGT 5KNDGT 4Ã&#x2019;EMUGKVG )QNF RNCV VKGTV #WHNCIGP )QNF GOCKNNKGTV $TKNNCPVGP 'EJVJGKV PKEJV IGRTÃ&#x2019;HV ± LQWT IGHCUUV CP GEJV IQNFGPGT 0CFGN CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #TVJWU $GTVTCPF KP 2CTKU FKGUG RWP\KGTV &'. XCT 1#0 XCT 44 +

1WKUUCO #NCQWKVG 1TFGP /QFGNN ! OKV 5EJTKHV\GKEJGP CWH FGP 5VGTPCTOGP 4KVVGTFGMQTC VKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV XGTDQIGP \CJNTGKEJG 'OCKNNGCWUDTÃ&#x2019;EJG CO $CPF +++

143

7627 1:1

/':+-1 <9'+6'5 -#+5'44'+%*

1TFGP 7PUGTGT .KGDGP (TCW XQP )WCFGNQWRG /QFGNN $TWUVUVGTP 5KNDGT XGTIQNFGV WPF TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV 'OCKNNGOCNGTGK CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC -TGVN[ KP 2CTKU CP 0CFGN )+../: 6CHGN ++ XCT )418 1 1#0 4#/ 5 545 8'40 44 +p

<GKVIGPÌUUKUEJGT 5VGTP KP GZ\GNNGPVGT HTCP\ÌUKUEJGT #WUHÒJTWPI

7628 1:1

144

1TFGP 7PUGTGT .KGDGP (TCW XQP )WCFGNQWRG /QFGNN -QOOCPFGWTMTGW\ HÒT <KXKN XGTFKGPUVG )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV 'OCKNNGOCNGTGK CO QTKIKPCN *CNUDCPF )+../: 6CHGN ++ )418 1 1#0 4#/ 5 545 XCT 8'40 4 +

7631 7630

7629 1:1

1TFGP 7PUGTGT .KGDGP (TCW XQP )WCFGNQWRG /QFGNN -QOOCPFGWTMTGW\ HÃ&#x2019;T <KXKN XGTFKGPUVG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF )+../: 6CHGN ++ )418 1 1#0 4#/ 5 545 XCT 8'40 ++

1TFGP 7PUGTGT .KGDGP (TCW XQP )QWCFGNQWRG /QFGNN 1HHK\KGTUMTGW\ 5KNDGT XGTIQN FGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG OGJTGTG MNGKPG 'OCKNNGCDURNKVVGTWPIGP -WIGNP CP FGP 5RKV\GP NGKEJV XGTDQIGP CO $CPF OKV 4QUGVVG )+../: 6CHGN ++ XCT )418 1 1#0 4#/ 5 545 XCT 8'40 ++

1TFGP 7PUGTGT .KGDGP (TCW XQP )QWCFGNQWRG /QFGNN 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH 8QTFGT WPF 4Ã&#x2019;EMUGKVG OGJTGTG MNGKPG 'OCKNNGCDURNKVVGTWPIGP KO ITÃ&#x2019;PGP 4CPF OGJTGTG -WIGNP CP FGP 5RKV\GP NGKEJV XGTDQIGP CO $CPF )+../: 6CHGN ++ XCT )418 1 1#0 4#/ 5 545 XCT 8'40 ++

7632

7633

/KNKV·TXGTFKGPUVOGFCKNNG 5KNDGTPG /GFCKNNG 5KNDGT CO $CPF $174& # &'. )+../: 6CHGN :+++ )418 & C 545 8'40 +++

8KGN IGVTCIGPGU 'ZGORNCT

4'27$.+- 5'+6

1TFGP FGU #V\VGMGP #FNGTU 5GV FGT WPF -NCUUG DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM FGT -NCUUG WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN )418 1 1 1#0 4#/ 5 8'40 5VÃ&#x2019;EM ++

145

7635 7634 7637

7636

1TFGP FGU #\VGMGP #FNGTU &GMQTCVKQP FGT -NCUUG -QOOCPFGWT 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO *CNUDCPF )418 1 1#0 4#/ 5 8'40 ++

-TGW\ HÃ&#x2019;T FKG 8GTVGKFKIGT FGT 4GRWDNKM 8GTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV QJPG 6TCIG MQTFGN )418 & 8'40 ++

#PHGTVKIWPI PCEJ FGO <YGKVGP 9GNVMTKGI

&GT 1TFGP KUV YKG CNNG TGRWDNKMCPKUEJ OGZKMCPKUEJGP #WU\GKEJPWPIGP UGNVGP KP 'WTQRC KO *CPFGN \W HKPFGP

'JTGPNGIKQP 1TFGPMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG )418 & 8'40

4 ++

'JTGP\GKEJGP HÃ&#x2019;T JGTQKUEJG 6CRHGTMGKV -TGW\ -NCUUG XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG )+../: 5 )418 & 8'40 4 ++

7638

7640

/CTKPG 8GTFKGPUV 'JTGP\GKEJGP &GMQTCVKQP -NCUUG 6[R XGTIQNFGV VGKNYGKUG XGTUKNDGTV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG )+../: 5 )418 & 8'40 4 ++

/CTKPG 8GTFKGPUV 'JTGP\GKEJGP &GMQTCVKQP -NCUUG 6[R XGTIQNFGV VGKNYGKUG XGTUKNDGTV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG )+../: 5 )418 & 8'40 4 ++

/CTKPG 8GTFKGPUV 'JTGP\GKEJGP &GMQTCVKQP -NCUUG 6[R XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG )+../: 5 )418 & 8'40 4 ++

146

7643

7641

/KNKV·T &KGPUVCWU\GKEJPWPI FGT #TOGG $TWUVUVGTP HÃ&#x2019;T &KGPUVLCJTG XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN )+../: 6CHGN 8 XCT )418 & 1#0 XCT 8'40 4 ++

#WU\GKEJPWPI HÃ&#x2019;T -TKGIUGKPU·V\G KP FGT /CTKPG &GMQTCVKQP FGT -NCUUG XGTUKNDGTV VGKNYGKUG GOCKNNKGTV CO $CPF )418 & 8'40 ++

1TFGP FGU JN -CTN )TQ­MTGW\ )QNF GOCKNNKGTV OGJTGTG 'OCKNNGEJKRRU WPF TGRCTCVWTGP QJPG $CPF )7+4 5 *'1 -.'0 1#0 4#/ 5 8'40 <'+ ++p+++

/10#%1

7644

7645

1TFGP FGU JN -CTN $TWUVUVGTP \WO )TQ­MTGW\ WPF \WO )TQ­QHHK\KGT 5KNDGT #WHNCIGP )QNF GOCKN NKGTV CP 0CFGN FKGUG RWP\KGTV )7+4 5 *'1 -.'0 1#0 4#/ 5 8'40 <'+ +p++

5GJT ITQ­G #WUHÃ&#x2019;JTWPI

1TFGP FGU JN -CTN $TWUVUVGTP \WO )TQ­MTGW\ WPF \WO )TQ­QHHK\KGT 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV )7+4 5 *'1 -.'0 1#0 4#/ 5 8'40 <'+ ++p

147

7646

7647

)TKOCNFK 1TFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG OGJTHCEJ RWP \KGTV )7+4 5 *'1 XCT -.'0 1#0 4#/ 5 8'40 <'+ 5VÒEM ++ #TDGKVU 8GTFKGPUVOGFCKNNG 5KNDGTPG /GFCKNNG CO $CPF )7+4 5

++

7648 7649 7650

/106'0')41

&CPKNQ 1TFGP DKU /QFGNN 5KNDGTMTGW\ FGT 4KVVGT D\Y -TGW\ &CPKNQ + CD 5KNDGT <GPVTGP )QNF GOCKNNKGTV KO 4KPI OGJTHCEJ RWP\KGTV CO &TGKGEMUDCPF KO 1TKIKPCNGVWK FGT (KTOC 8 /C[GT U (KNU KP 9KGP -.'0 2+.' 6CHGN 21)# 5 4#/ 5 41/1 D\Y D\Y 8'40 <'+ +

'ZGORNCT WPF 'VWK KP VCFGNNQUGT $GUVGTJCNVWPI

&CPKNQ 1TFGP DKU /QFGNN 5KNDGTMTGW\ FGT 4KVVGT D\Y -TGW\ &CPKNQ + CD 5KNDGT <GPVTGP )QNF GOCKNNKGTV KO 4KPI OGJTHCEJ RWP\KGTV 4ÒEMUGKVG GVYCU XGTUEJOWV\V CO &TGK GEMUDCPF -.'0 2+.' 6CHGN 21)# 5 4#/ 5 41/1 D\Y D\Y 8'40 <'+ ++p

8GTOWVNKEJ ÌUVGTTGKEJKUEJG #PHGTVKIWPI

148

&CPKNQ 1TFGP /QFGNN -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV #WUDTWEJ KP FGT YGK­GP 'OCKNNG FGU 8QTFGTUGKVGPOGFCKNNQPU 8CTKCPVG OKV GKPVGKNKIGP /GFCKNNQPU WPF WPIGMTÌPVGT 0COGPUEJKHHTG CO &TGKGEMUDCPF -.'0 1#0 2+.' 6CHGN XCT 21)# 5 XCT 4#/ 5 41/1 XCT 8'40 <'+ ++p

7651 1:1

7652

7653

1TFGP XQO 4QVGP -TGW\ /QFGNN /KPKCVWT FGT 1TFGPUFGMQTCVKQP )QNF GOCKNNKGTV &WTEJOGUUGT OO QJPG $CPF 2+.' 21)# 5 4#/ 5 41/1 8'40 +p++

/GFCKNNG HÒT 'KHGT /QFGNN 5KNDGTPG /GFCKNNG 5KNDGT CO CNVGP $CPF TWO·PKUEJGT 0·JCTV 2+.'

6CHGN 21)# 5 4#/ 5 41/1 ++

6TKUJCMVK 2CVVC 1TFGP 5GV FGT -NCUUG DGUVGJGPF CWU &GMQTCVKQP FGT -NCUUG 5KNDGT GOCKNNKGTV IGUEJNKHHGPG 5VGKPG OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV IGUEJNKHHGPG 5VGKPG 0CFGN )QNF 0'2 6CHGN :::++ 1#0 5VÒEM 44 +

0'2#.

9KG CNNG JÌJGTGP PGRCNGUKUEJGP 1TFGP \KGONKEJ UGNVGP

7655 7654

7657

6TKUJCMVK 2CVVC 1TFGP &GMQTCVKQP FGT -NCUUG 8KMJ[CVC 5KNDGT GOCKNNKGTV CO *CNUDCPFCDUEJPKVV 0'2 6CHGN :::+++ 1#0 4 ++

9KG CNNG JÌJGTGP PGRCNGUKUEJGP 1TFGP \KGONKEJ UGNVGP

0+'&'4.#0&'

/KNKV·T 9KNJGNO 1TFGP 'KPHCEJG IGUVKEMVG #PHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­MTGW\

++

/KNKV·T 9KNJGNO 1TFGP 'KPHCEJG IGUVKEMVG #PHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­MTGW\

++

/KNKV·T 9KNJGNO 1TFGP 'KPHCEJG IGUVKEMVG #PHGTVKIWPI FGU $TWUVUVGTPU \WO -QOOCPFGWT

++

/QFGTPG #PHGTVKIWPI /QFGTPG #PHGTVKIWPI /QFGTPG #PHGTVKIWPI

149

7658

7659

/KNKV·T 9KNJGNO 1TFGP 4KVVGTMTGW\ -NCUUG 5KNDGT <GPVTGP )QNF GOCKNNKGTV UVCTMG $GUEJ·FKIWP IGP KP FGT YGK­GP 'OCKNNG FGT 8QTFGT WPF 4ÒEMUGKVG +PUEJTKHVGP VGKNYGKUG XGTDNCUUV OKV MCPPGNKGTVGO $CPFTKPI FKGUGT RWP\KGTV CO CNVGP $CPF '8'45 5 XCT *'1 -.'0 0'& 5 1#0 4#/ 5 8'40 <'+ +++p+8

#PHGTVKIWPI WO EC 0CEJ /GKLGT YWTFGP XQP DKU PWT 4KVVGTMTGW\G -NCUUG XGTNKGJGP &GT 1TFGP IGPKG­V CWEJ JGWVG PQEJ JÌEJUVGU #PUGJGP KP FGP 0KGFGTNCPFGP &KG -NCUUG GPVURTKEJV WPIGH·JT KP KJTGO 4CPI FGO 4KVVGTMTGW\ FGU 'KUGTPGP -TGW\GU

/KNKV·T 9KNJGNO 1TFGP 4KVVGTMTGW\ -NCUUG 5KNDGT (GWGTUVGKP )QNF GOCKNNKGTV 4ÒEMUGKVGPOG FCKNNQP HGJNV OKV MCPPGNKGTVGO $CPFTKPI CO CNVGP 5GKFGPDCPF '8'45 5 XCT *'1 -.'0 0'& 5 1#0 4#/ 5 8'40 <'+ ++

#PHGTVKIWPI WO EC

7660 1:1

1TFGP XQO 0KGFGTN·PFKUEJGP .ÌYGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKNNKGTV OGJTGTG *CCTTKUUG KP FGT YGK­GP 'OCKNNG OKV EC EO NCPIGO 5EJ·TRGP UVÒEM WPF $TWUVUVGTP /QFGNN QJPG YGK­G 'OCKNNG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC XCP 9KGNKM KP &GP *CCI '8'45 5 XCT *'1 -.'0 0'& 5GKVG 1#0 XCT 4#/ 5 8'40 <'+

5VÒEM 4 ++

#PHGTVKIWPI FGT <YKUEJGPMTKGIU\GKV GT GT ,CJTG 8QP DKU UKPF PCEJ /GKLGT PWT )TQ­MTGW\G XGTNKGJGP YQTFGP

150

7661

1TCPKGP 0CUUCW 1TFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )QWFUOKV KP &GP *CCI '8'45 5 *'1 XCT -.'0 0'& 5 1#0 4#/ 5 8'40 <'+

5VÒEM +p++

0CEJ /GKLGT UKPF XQP DKU )TQ­MTGW\G XGTNKGJGP YQTFGP

7663 7662

7664

7666

*CWUQTFGP XQP 1TCPKGP /QFGNN -QOOCPFGWTMTGW\ D\Y /QFGNN UGKV )TQ­ 'JTGPMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV '8'45 5 *'1 XCT -.'0 0'& 5 1#0 XCT 4#/ 5 8'40 <'+ 4 +p++

*CWUQTFGP XQP 1TCPKGP /QFGNN UGKV 5KNDGTPGU 8GTFKGPUVMTGW\ HÒT &COGP PWT DKU XGTNKGJGP 5KNDGT CP &COGPUEJNGKHG *'1 XCT -.'0 0'& 5 1#0 5 4#/ 5 8'40 <'+ 4 ++

0CEJ /GKLGT KUV FCU 5KNDGTPG 8GTFKGPUVMTGW\ UGNVGPGT XGTNKGJGP YQTFGP CNU FKG 1HHK\KGTU WPF -QOOCPFGWTMTGW\G

*CWUQTFGP XQP 1TCPKGP /QFGNN 'JTGPOGFCKNNG HÒT 'KHGT WPF 8GTPWPHV KP 5KNDGT 5KN DGT CO *CNUDCPFCDUEJPKVV '8'45 5 XCT *'1 5 -.'0 0'& 5 4#/ 5 8'40 <'+ +

*CWUQTFGP XQP 1TCPKGP /QFGNN 'JTGPOGFCKNNG HÒT 'KHGT WPF 8GTPWPHV KP 5KNDGT 5KN DGT CO *CNUDCPFCDUEJPKVV '8'45 5 XCT *'1 5 -.'0 0'& 5 4#/ 5 8'40 <'+ +

&QIIGT $CPM /GFCKNNG 5R·VGTG HTCP\ÌUKUEJG 0CEJHGTVKIWPI 5KNDGT RWP\KGTV CO $CPF OKV $CPFOCUEJG 0'& 5 8'40

++

151

7667

7669

7668

/GFCKNNG HÒT &GP *CCI 5KNDGT GVYCU XGTDQIGP QJPG $CPF 0'& 8'40

4 ++

++

&KG /GFCKNNG YWTFG EC DKU OCN XGTNKGJGP

.QODQM -TGW\ $TQP\G QJPG $CPF 0'& 5 8'40

*1..#0& 0#21.'10+5%*'5 -¤0+)4'+%*

-ÌPKINKEJGT 1TFGP XQP *QNNCPF 5R·VGTG #PHGTVKIWPI FGT 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG 'OCKNNGUEJ·FGP CWH DGKFGP 5GKVGP 4ÒEMUGKVGPOGFCKNNQP $174& $ -.'0

1#0 XCT 8'40 <'+

++p+++

9QJN GKPG <YGKVCPHGTVKIWPI XQO $GIKPP FGU ,CJTJWPFGTVU

7670 1:1 7671

7672

0149')'0 2'4510#.70+10 /+6 5%*9'&'0 $+5

1NCX 1TFGP /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT #WHNCIGP )QNF GOCKNNKGTV OGJTGTG *CCTTKUUG KP FGT YGK­GP 'OCKNNG &WTEJOGUUGT OO CP 0CFGN $'4)* 5 XCT *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ 4 ++p

5'.$5656 0&+)'5 -¤0+)4'+%* 5'+6

1NCX 1TFGP /QFGNN UGKV QJPG .ÌYGP ÒDGT FGT -TQPG -QOOCPFGWTMTGW\ OKV 5EJYGTVGTP )QNF GOCKNNKGTV CWH FGO $CPFTKPI *GTUVGNNGTDG\GKEJPWPI FGT (KTOC , 6QUVTWR KP 1UNQ WPF )QNFRWP\G CO *CNUDCPF $'4)* 5 XCT *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ 4 +

5EJYGTVGTFGMQTCVKQP FGU 1NCX 1TFGPU UKPF KP CNNGP -NCUUGP UGJT UGNVGP 6QRUVÒEM KP $GUVGTJCNVWPI

152

1NCX 1TFGP /QFGNN UGKV QJPG .ÌYGP ÒDGT FGT -TQPG 4KVVGTMTGW\ -NCUUG )QNF GOCKN NKGTV CWH FGT 4ÒEMUGKVG FGU -PQVGPU RWP\KGTV CO $CPF KO 1TKIKPCNGVWK FGT (KTOC , 6QUVTWR $'4)* 5 XCT *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+

+

7673

7674

1NCX 1TFGP /QFGNN UGKV QJPG .ÌYGP CWH FGO -TGW\ FGT -TQPG 4KVVGTMTGW\ -NCUUG OKV 5EJYGTVGTP )QNF GOCKNNKGTV CO $CPF $'4)* 5 XCT *'1 XCT -.'0 1#0 XCT 4#/ 5 8'40 <'+ 4 +

7PDGMCPPVG /GFCKNNG 5KNDGT XGTIQNFGV CWH FGT 8QTFGTUGKVG FKG 9QTVG ,') 8+. 8'4)' /+6 .#0& CWH FGT 4ÒEMUGKVG 'ORH·PIGTITCXWT + / 9##)'0 CO $CPF OKV 6TCIGURCPIG ++

7676

7676

7675

-#+5'44'+%*

¤56'44'+%*

¤UVGTTGKEJKUEJ -CKUGTNKEJGT .GQRQNF 1TFGP $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN DTKNNCPVKGTV 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV CWH \YGK -TGW\CTOGP FÒTHVKIG 4GRCTCVWTGP KP FGT TQVGP 'OCKNNG /GFCKNNQP\GPVTWO GVYCU GKPIGFTÒEMV FKG 5VTCJNGPURKV\GP CWH FGT 4ÒEMUGKVG XGTUV·TMV CP 0C FGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI % ( 416*' WPF 9+'0 OGJTHCEJ RWP\KGTV -.'0 /#4- H /'4¤56 ::++ XCT /+%* +: 0+//¤ 1#0 XCT 4#/ 5 241 561.' 8'40 <'+ +++

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN )TQ­MTGW\FGMQTCVKQP $TQP\G XGTIQNFGV VGKNYGKUG GOCKNNKGTV OKP 'OCKNNGUEJCFGP KO *GT\UEJKNF FGT 8QTFGTUGKVG 'KUGPTKPI KO +PPG TGP FGT 'KUGTPGP -TQPG CWH FGT 4ÒEMUGKVG FGT -TQPGPD·PFGT *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4QVJG KP 9CKGP QJPG 5EJWNVGTDCPF -.'0 /#4- 1#0 ++p

153

7677 1:1 7678

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN $TWUVUVGTP -NCUUG /QFGNN DTKNNCPVKGTV 5KNDGT TGRGTEKGTV #WHNCIGP )QNF HGKPUV \KUGNKGTV VGKNYGKUG GOCKNNKGTV FKG 5VTCJNGPURKV\GP CWH FGT 4ÒEMUGKVG XGTUV·TMV CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV -.'0 /#4- I /'4¤56 E XCT /+%* :++ 0+//¤ 1#0 XCT 4#/ 5 241 561.' 8'40 <'+ 4 +p++

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN -NGKPFGMQTCVKQP \WT -NCUUG OKV -TKGIUFGMQTCVKQP WPF 5EJYGTVGTP $TQP\G XGTIQNFGV WPF GOCKNNKGTV FKG 4ÒEMUGKVG FGT -TQPGPD·PFGT OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC # ' -ÌEJGTV KP 9KGP CO &TGKGEMUDCPF OKV #WHNCIGP -.'0 /#4- G - /'4¤56 :.F /+%* :+++ 0+//¤ 1#0 XCT 4#/ 5 241 561.' XCT 8'40 <'+ XCT ++

7679 1:1

7680

7681

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN &GMQTCVKQP FGT -NCUUG OCUUKX )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG OKP KO /KVVGNUEJKNF IGEJKRRV WPF HGJNGPFGT 'FGNUVGKP KP FGT -TQPG QJPG $CPF -.'0 XCT /#4- F /'4¤56 :::++G /+%* :+++ 0+//¤ XCT 1#0 XCT 4#/ 5 241 561.' XCT 8'40 <'+ XCT

44 ++ (TÒJGU 'ZGORNCT CWU FGP GT ,CJTGP FGU ,CJTJWPFGTVU KP UGJT UEJÌPGT 'TJCNVWPI

-CKUGTNKEJ ¤UVGTTGKEJKUEJGT (TCP\ ,QUGRJ 1TFGP )TQ­MTGW\ )QNF GOCKNNKGTV KO 4KPI RWP\KGTV 8/ WPF YGKVGTG 2WP\G QJPG 5EJWNVGTDCPF -.'0 /#4- E /'4¤56 :.+ /+%* :+8 0+//¤ 1#0 XCT 4#/ 5 241 561.' 8'40 <'+ +p++

-CKUGTNKEJ ¤UVGTTGKEJKUEJGT (TCP\ ,QUGRJ 1TFGP )TQ­MTGW\ $TQP\G XGTIQNFGV WPF GOCKNNKGTV KO 4KPI OGJTHCEJ RWP\KGTV WPVGT CPFGTGO 8/ CP 5EJ·TRGP 'PFUVÒEM -.'0 /#4- F /'4¤56 :.+ /+%* :+8 0+//¤ 1#0 XCT 4#/ 5 241 561.'

8'40 <'+ ++

154

7683

7684

7682 1:1

7685

7687

7686

-CKUGTNKEJ ¤UVGTTGKEJKUEJGT (TCP\ ,QUGRJ 1TFGP $TWUVUVGTP \WO -QOOCPFGWTMTGW\ -NCUUG /QFGNN 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJ PWPI FGT (KTOC 8KPE /C[GT U 5ÌJPG KP 9KGP CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV -.'0 /#4- E /'4¤56 :.++E /+%* :8 0+//¤ 1#0 4#/ 5 241 561.'

8'40 <'+ ++

5EJÌPG CNVG 2CVKPC

'JTGP\GKEJGP XQO 4QVGP -TGW\ 'JTGP\GKEJGP -NCUUG QJPG -TKGIUFGMQTCVKQP 5KNDGT GOCKNNKGTV QJPG 2WP\KGTWPI CO *CNUDCPFCDUEJPKVV -.'0 /#4- C /'4¤56 F /+%* ::++ 0+//¤ 241 5%*94- 5 561.' 8'40 <'+ ++

'JTGP\GKEJGP XQO 4QVGP -TGW\ 'JTGP\GKEJGP -NCUUG OKV -TKGIUFGMQTCVKQP 5KNDGT GOCKNNKGTV ¤UG XQTFGTUGKVKI RWP\KGTV CO *CNUDCPFCDUEJPKVV -.'0 /#4- /'4¤56 .8++F /+%* ::++ 0+//¤ 241 5%*94- 5 8'40 <'+ ++

'JTGP\GKEJGP XQO 4QVGP -TGW\ 'JTGP\GKEJGP -NCUUG OKV -TKGIUFGMQTCVKQP 5KNDGT GOCKNNKGTV ¤UG TÒEMUGKVKI RWP\KGTV CO *CNUDCPFCDUEJPKVV -.'0 /#4- /'4¤56 .8++F /+%* ::++ 0+//¤ 241 5%*94- 5 561.' 8'40 <'+ ++

'JTGP\GKEJGP XQO 4QVGP -TGW\ 1HHK\KGTUMTGW\ ITWPFU·V\NKEJ OKV FGT -TKGIUFGMQTCVKQP 5KNDGT GOCKNNKGTV OKPKOCNG #DURNKVVGTWPI KO 4QVGP -TGW\ #WUHÒJTWPI OKV *CMGP OGJTHCEJ RWP\KGTV -.'0 /#4- /+%* ::++ 0+//¤ 241 5%*94- 5 8'40 <'+

++

'JTGP\GKEJGP XQO 4QVGP -TGW\ 'JTGP\GKEJGP -NCUUG WPF -NCUUG OKV -TKGIUFGMQTCVKQP DGKFG 5KNDGT GOCKNNKGTV CP &TGKGEMUD·PFGTP NGV\VGTGU KO 1TKIKPCNGVWK XQP ) # 5EJGKF KP 9KGP -.'0 /#4- /'4¤56 /+%* 0+//¤ 241 5%*94- 5 5 561.' 8'40 <'+ 5VÒEM ++

155

7689

ex 7688

'JTGP\GKEJGP XQO 4QVGP -TGW\ 5KNDGTPG 'JTGPOGFCKNNG 5KNDGT LGFQEJ QJPG 2WP\G 5KNDGTPG 'JTGP OGFCKNNG OKV -TKGIUFGMQTCVKQP 5KNDGT $TQP\GPG 'JTGPOGFCKNNG $TQP\GPG 'JTGPOGFCKNNG OKV -TKGIUFG MQTCVKQP LGYGKNU VGKNYGKUG GOCKNNKGTV WPF CO &TGKGEMUDCPF *75 -.'0 /#4- /'4¤56 /+%* 0+//¤ 241 5%*94- 5 5 561.' 8'40 <'+

5VÒEM ++

6KTQNGT .CPFGUXGTVGKFKIWPIU &GPMOÒP\G 5KNDGT CO CNVGP $CPF /#4- /'4¤56 /+%* 0+//¤ 241 561.' 8'40 ++

5EJÌPG CNVG 2CVKPC

7690 1:1

'456' 4'27$.+-

156

'JTGP\GKEJGP HÒT 8GTFKGPUVG WO FKG 4GRWDNKM ¤UVGTTGKEJ D\Y ¤UVGTTGKEJKUEJGT 8GTFKGPUVQTFGP CD 5GV \WO )TQ­GP )QNFGPGP 'JTGP\GKEJGP CO $CPF D\Y )TQ­MTGW\ -NCUUG DGUVGJGPF CWU )TQ­GU )QNFGPG 'JTGP\GKEJGP XGTIQNFGV WPF TQV GOCKNNKGTV QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVQP 4GKVVGTGT KP 9KGP CP 0CFGN FKGUG OKV 5EJYCPGPRWP\G -.'0 /#4- E 0+//¤ 1#0 XCT 241 D\Y 4#/ 5 5%*/ 4 (CTDVCHGN 8+ 8'40 <'+ 5VÒEM 4 ++

7691 1:1

'JTGP\GKEJGP HÒT 8GTFKGPUVG WO FKG 4GRWDNKM ¤UVGTTGKEJ D\Y ¤UVGTTGKEJKUEJGT 8GTFKGPUVQTFGP CD 5GV \WO )TQ­GP 'JTGP\GKEJGP CO $CPF D\Y )TQ­MTGW\ DGUVGJGPF CWU )TQ­GU 'JTGP\GKEJGP XGTIQNFGV WPF YGK­ GOCKNNKGTV QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVQP 4GKVVGTGT KP 9KGP CP 0CFGN -.'0 /#4- D 0+//¤ 1#0 XCT XCT 241 4#/ 5 5%*/ 4 (CTDVCHGN 8++ 561.' 8'40 <'+

5VÒEM ++

7692 1:1 7693

56 0&'56##6

'JTGP\GKEJGP XQO 4QVGP -TGW\ 'JTGP\GKEJGP 'TUVGT -NCUUG 5KNDGT GOCKNNKGTV CO IGP·JVGP *CNU DCPF -.'0 /#4- 0+//¤ 241 5%*/ 4 (CTDVCHGN + 5%*94- 5 561.' 8'40 <'+ 44 ++

&KGUGU 'JTGP\GKEJGP YWTFG KPUIGUCOV KP FGP ,CJTGP XQP DKU PWT OCN XGTNKGJGP WPF IKNV CNU GKPG FGT UGNVGPUVGP ÌUVGTTGKEJKUEJGP #WU\GKEJPWPIGP

'JTGP\GKEJGP XQO 4QVGP -TGW\ 1HHK\KGTGJTGP\GKEJGP 5KNDGT GOCKNNKGTV FKG DGKFGP 2CNO\YGKIG HGJNGP CP 0CFGN FKGUG OKV 2WP\G - WPF 5KNDGTRWP\G -.'0 /#4- C 0+//¤ 241 5%*/ 4 (CTDVCHGN + 5%*94- 5 8'40 <'+ 44 ++ +++

1TKIKPCNGU GEJV UKNDGTPGU 'ZGORNCT 'ZVTGO UGNVGP FC FKGUG 5VWHG KPUIGUCOV PWT OCN XGTNKGJGP YQTFGP KUV 6TQV\ FGT 'KPUEJT·PMWPI KP FGT 'TJCNVWPI FWTEJ FKG HGJNGPFGP 2CNO\YGKIG UGJT UGNVGPG )GNGIGPJGKV \WO 'TYGTD FKGUGU 'JTGP\GKEJGPU

157

7694

<9'+6' 4'27$.+- 5'+6

'JTGP\GKEJGP HÃ&#x2019;T 8GTFKGPUVG WO FKG 4GRWDNKM ¤UVGTTGKEJ 5GV \WO )TQ­UVGTP FGU 'JTGP\GKEJGPU DGUVGJGPF CWU )TQ­UVGTPMTGW\ XGTIQNFGV WPF DGKFUGKVKI GOCKNNKGTV QJPG 5EJWNVGTDCPF WPF $TWUV UVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVQP 4GKVVGTGT KP 9KGP CP 0CFGN 0+//¤ 1#0 XCT 241 4#/ 5 5%*/ 5%*/ 4 561.' <'+ 5VÃ&#x2019;EM 4 ++

7695 7696

'JTGP\GKEJGP HÃ&#x2019;T 8GTFKGPUVG WO FKG 4GRWDNKM ¤UVGTTGKEJ 5GV \WO )TQ­GP )QNFGPGP 'JTGP\GKEJGP OKV 5VGTP DGUVGJGPF CWU )TQ­GU )QNFGPGU 'JTGP\GKEJGP XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNU DCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #PVQP 4GKVVGTGT KP 9KGP CP 0CFGN FKGUG OKV 5EJYCPGPRWP\G *'1 -.'0 0+//¤ 1#0 241 4#/ 5 5%*/ 5%*/ 4 561.' <'+ 5VÃ&#x2019;EM ++

*1*'4 &'765%*'4 4+66'414&'0

158

2TQHG­MTGW\ $TWUVMTGW\ UQ IGPCPPVGU 2TQHG­MTGW\ FGT 2TQHG­ 4KVVGT WPF 1TFGPURTKGUVGT 5KNDGT GOCKNNKGTV QJPG 2WP\KGTWPI CP 0CFGN *'1 5 -.'0 /#4- C /'4¤56 F /+%* 0+//¤ 241 561.' XCT <'+ ++

7697

7698

7699

/CTKCPGT -TGW\ *CNUMTGW\ 8CTKCPVG OKV N·PIGTGO WPVGTGP -TGW\CTO $TQP\G XGTUKNDGTV WPF GOCKN NKGTV CO MWT\GP *CNUDCPFCDUEJPKVV *';& XCT *75 XCT -.'0 XCT /#4- XCT /'4¤56 C XCT /+%* XCT 0+//¤ XCT 241 XCT 561.' XCT <'+ XCT

#PHGTVKIWPI PCEJ D\Y

/CTKCPGT -TGW\ 5KNDGT KP FGT ¤UG RWP\KGTV -TGW\CWHNCIG )QNF GOCKNNKGTV PCJG\W WPUKEJVDCTG 'OCKNNGCDRNCV\WPIGP KO /GFCKNNQPTKPI CO CNVGP &TGKGEMUDCPF *'1 *';& XCT *75 -.'0 /#4- E /'4¤56 F /+%* 0+//¤ 241 561.' <'+ ++

(COKNKCTGP -TGW\ $TQP\G XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV *'1 5 -.'0 241 561.' <'+ +p++

7702 7701 7700

2#4#)7#;

0CVKQPCNGT 8GTFKGPUVQTFGP /QFGNN UGKV )TQ­MTGW\FGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV QJPG 5EJWNVGTDCPF LGFQEJ CP MWT\GO *CNUDCPFUVÒEM )+..5# 5 1#0 ++

8GTFKGPUVMTGW\ FGT .WHVUVTGKVMT·HVG )QNFGPGU 8GTFKGPUVMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV *GTUVGNNGTDG\GKEJPWPI FGT %CUC FG /QPGFC KP .KOC CO $CPF 4 ++

2'47

*ÌEJUVG #WU\GKEJPWPI FGT RGTWCPKUEJGP .WHVUVTGKVMT·HVG

2*+.+22+0'0

'JTGPNGIKQP &GMQTCVKQP FGT .GIKQP·TG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJ PWPI FGT (KTOC 'N 1TQ KP 3WG\QP %KV[ CO $CPF OKV 6TCIGURCPIG \WUCOOGP OKV +PVGTKOURCPIG WPF 4GXGTUCD\GKEJGP 1#0 5 4'; 8'40 ++

159

7705

7703 7704

-TGW\ HÃ&#x2019;T NCPIGP WPF VTGWGP &KGPUV 8GTIQNFGV WPF GOCKNNKGTV CO $CPF 4'; 8'40 ++

1TFGP XQO )QNFGPGP 2HNWI 8GTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJ PWPI FGT (KTOC 'N 1TQ CO *CNUDCPFCDUEJPKVV 8'40 ++

-¤0+)4'+%* $+5

21.'0

7PDGMCPPVGU 'JTGPMTGW\ 8KTVWVK /KNKVCTK 5KNDGT XGTIQNFGV WPF GOCKNNKGTV GKP -TGW\CTO HCEJIGTGEJV CPIGUGV\V OKV <GPVTWO FGU GTUVGP RQNPKUEJGP /QFGNNU FGU 5V 5VCPKUNCWUQTFGPU 'OCKNNG OCNGTGK CWH FGT 4Ã&#x2019;EMUGKVG ITCXKGTV 8+46 /+.+6 QJPG $CPF $+)1 -.'0 1#0 8'40 <'+ 8QP ITQ­GT 5GNVGPJGKV ++

1D GU UKEJ JKGTDGK WO GKPG 8QTN·WHGTFGMQTCVKQP FGU 1TFGPU 8KTVWVK /KNKVCTK QFGT WO GKPGP 2TQVQV[R JCPFGNV MCPP PKEJV PCEJIGYKGUGP YGTFGP ,GFGPHCNNU JCPFGNV GU UKEJ JKGTDGK WO GKPG CNVG UGJT JGTXQTTCIGPFG #WU\GKEJPWPI FKG WPUGTGU 9KUUGP DKUNCPI PKEJV FQMWOGPVKGTV KUV

7707

7706

7708

<9'+6'5 21.0+5%*'5 -¤0+)4'+%*

1TFGP 8KTVWVK /KNKVCTK /QFGNN 4KVVGTMTGW\ )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CO CNVGP $CPF $+)1 5 -.'0 1#0 5 8'40 <'+ 4 +p++

(TÃ&#x2019;JG WPF JGTXQTTCIGPFG #PHGTVKIWPI

4755+5%*'5 -¤0+)4'+%*

1TFGP 8KTVWVK /KNKVCTK /QFGNN OKV FGT ,CJTGU\CJN 5KNDGTPGU -TGW\ 5KNDGT CP UR· VGTGT TWUUKUEJGT 2GPVCIQPCNDCPFURCPIG $+)1 5 XCT -.'0 1#0 5 8'40 <'+

4 +

'456' 4'27$.+-

160

1TFGP 2QNQPKC 4GUVKVWVC /QFGNN -QOOCPFGWTMTGW\ XGTIQNFGV WPF GOCKNNKGTV CO MWT\GP *CNUDCPFCDUEJPKVV $+)1 5 -.'0 1#0 5 8'40 <'+ ++

7709 7710

7712

21.0+5%*' ':+.#06'0 +0 (4#0-4'+%*

7PDGMCPPVGT RQNPKUEJGT 'ZKNQTFGP $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV &WTEJOGUUGT OO CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV +p

81.-54'27$.+-

8GTFKGPUVQTFGP /QFGNN -QOOCPFGWTMTGW\ XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO *CNUDCPFCD UEJPKVV $+)1 5 +p++

-QPXQNWV XQP XGTUEJKGFGPGP RQNPKUEJGP #WU\GKEJPWPIGP 8GTUEJKGFGPG /GVCNNG VGKNYGKUG GOCKN NKGTV KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP CP $·PFGTP &C\W RQNPKUEJGU 4GIKOGPVUCD\GKEJGP CP 5EJTCWD UEJGKDG 5VÒEM ++

-¤0+)4'+%* $+5

21467)#.

/KNKV·TKUEJGT 1TFGP WPUGTGU *GTTP ,GUWU %JTKUVWU /QFGNN DKU 1TFGPUMTGW\ 5KNDGT OKV 4GUVXGTIQNFWPI WPVGTG -TGW\CTOGPFGP GVYCU XGTDQIGP TQVG WPF YGK­G )NCUUVGKPG OGJTGTG IGDTQEJGP WPF IGURNKVVGTV FKG $TKNNCPVGP KP FGT &GMQTCVKQP ÒDGT FGO -TGW\ XQP ITÒPNKEJGT (CTDG -.'0 1#0 XCT 4#/ 5 64+) 8'40 <'+ 4 ++p+++

'ZGORNCT CWU FGT 'PF\GKV FGU /QFGNNU &C FKG 8GTIQNFWPI CWH FGT 4ÒEMUGKVG XQNNUV·PFKI XGTUEJYWPFGP WPF PWT CWH FGP 5GKVGPT·PFGTP VGKNYGKUG GTJCNVGP KUV YKTF CPIGPQOOGP FCUU FKGUGU 'ZGORNCT XKGN IGVTCIGP YWTFG

7713

/KNKV·TKUEJGT 1TFGP 7PUGTGU *GTTP ,GUWU %JTKUVWU /QFGNN )TQ­MTGW\UGV FGU UQ IGPCPPVGP OQFGTPGP 6[RWU DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKNNKGTV &WTEJOGUUGT OO OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV -TGW\ WPF *GT\ ,GUW )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC *CNNG[ KP 2CTKU CP 0CFGN FKGUG RWP\KGTV -.'0 1#0 5 4#/ 5 64+) 5 8'40 <'+ 5VÒEM 44 ++

+P FGT )TQ­MTGW\MNCUUG KUV FKGUGT OQFGTPG 6[RWU FGU -NGKPQFU UGJT UGNVGP #PHGTVKIWPI WO EC 1HV YGTFGP FKG +PUKIPKGP FKGUGU OQFGTPGP 6[RWU CNU UQNEJG FGT OKNKV·TKUEJGP #DVGKNWPI FGU 1TFGPU \WIGJÌTKI DG\GKEJPGV &KGU KUV LGFQEJ KTTGHÒJTGPF FC FGT 1TFGP DKU UQYKGUQ GKP TGKPGT /KNKV·TQTFGP YCT

161

7714 7716

7715

/KNKV·TKUEJGT 1TFGP 7PUGTGU *GTTP ,GUWU %JTKUVWU /QFGNN 4KVVGTMTGW\ FGU UQIGPCPP VGP OQFGTPGTGP 6[RWU )QNF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKP -TQPGPDÃ&#x2019;IGN IGDTQEJGP CO $CPF -.'0 1#0 5 4#/ 5 64+) 5 8'40 <'+ ++

/KNKV·TKUEJGT 1TFGP FGU JN $GPGFKMV XQP #XK\ /QFGNN -QOOCPFGWTMTGW\ )QNF GOCKNNKGTV 1TFGPUMTGW\ 5KNDGT XGTIQNFGV CO *CNUDCPFCDUEJPKVV -.'0 XCT 1#0 5 4#/ 5 64+) 5 8'40 <'+ ++

$CPFTKPI WPF *GT\ ,GUW &GMQTCVKQP XQP HGKPGT #PHGTVKIWPIUSWCNKV·V WO &CU 1TFGPUMTGW\ UGNDUV KUV LGFQEJ GKPG YGUGPVNKEJ UR·VGTG #PHGTVKIWPI CWU FGT <GKV FGT 4GRWDNKM YQJN CWU FGP GT ,CJTGP

/KNKV·TKUEJGT 1TFGP FGU JN $GPGFKMV XQP #XK\ /QFGNN $TWUVUVGTP \WO -QOOCP FGWTMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN -.'0 1#0 5 4#/ 5 64+) 5 8'40 <'+ ++

7717

/KNKV·TKUEJGT 1TFGP FGU JN $GPGFKMV XQP #XK\ /QFGNN )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV FKG *GT\ ,GUW &GMQTCVKQP KP )QNF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV FKG *GT\ ,GUW &GMQTCVKQP KP )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC FC %QUVC KP .KUUCDQP CP &QRRGNPCFGN FKGUG RWP \KGTV -.'0 1#0 4#/ 5 64+) 5 8'40 <'+

5VÃ&#x2019;EM 4 ++ 6TKIWGTQU GTY·JPV FCUU XQP DKU FKG <CJN FGT )TQ­MTGW\G CWH UGEJU 2GTUQPGP NKOKVKGTV YCT .GKFGT UKPF LGFQEJ FKG GHHGMVKXGP 8GTNGKJWPIU\CJNGP HÃ&#x2019;T FKGUG <GKV PQEJ PKEJV GTHQTUEJV 5KG FÃ&#x2019;THVGP CDGT UGJT IGTKPI UGKP FC FGT 1TFGP KP FKGUGT (QTO PWT ,CJTG $GUVCPF JCVVG

162

7720 1:1

7719 7718

1TFGP FGU JN ,CMQDWU HÒT YKUUGPUEJCHVNKEJG NKVGTCTKUEJG WPF MÒPUVNGTKUEJG 8GTFKGPUVG /QFGNN

-QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 6TCIGÌUG CP FGT *GT\ ,GUW &GMQTCVKQP CDIGDTQEJGP CO $CPF -.'0 1#0 5 4#/ 5 64+) 5 8'40 <'+ 4 ++

6TKIWGTQU GTY·JPV FCUU XQP DKU FKG <CJN FGT -QOOCPFGWTG CWH RNWU 2GTUQPGP NKOKVKGTV YCT WPF IKDV HÒT FKG <GKV XQP DKU GKPG 8GTNGKJWPIU\CJN XQP CP 2QTVWIKGUGP WPF CP #WUN·PFGT QJPG FKTGMVG 3WGNNGPCPICDG CP &KG CDIGDTQEJGP ¤UG N·UUV UKEJ NGKEJV TGRCTKGTGP

1TFGP XQO 6WTO WPF 5EJYGTV /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT TGRGTEKGTV WPF XGTIQNFGV #WHNCIGP )QNF GOCKNNKGTV \YGK MNGKPG 'OCKNNGTGRCTCVWTGP KO 5EJTKHVTKPI CP 0CFGN -.'0 1#0 4#/ 5 8'40 <'+ ++

1TFGP XQO 6WTO WPF 5EJYGTV /QFGNN 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV OKV HGKPUVGT 'OCKNNGOC NGTGK &WTEJOGUUGT OO CP MCPPGNKGTVGO 4KPI CO HCNUEJGP $CPF -.'0 1#0 4#/ 5 8'40 <'+ 4 +

5GJT HGKP IGCTDGKVGVGU 'ZGORNCT CWU FGP GT ,CJTGP FGU ,CJTJWPFGTVU

7721

1TFGP XQO 6WTO WPF 5EJYGTV /QFGNN -NGKPQF \WT -QNNCPG FGT 4KVVGT 5KNDGT VGKN YGKUG XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO -.'0 XCT 1#0 XCT 4#/ 5 8'40 XCT <'+ XCT ++

163

7722 7723

1TFGP 7PUGTGT .KGDGP (TCW \WT 'ORH·PIPKU XQP 8KNNC 8KEQUC )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­ MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV <GPVTWO )QNF GOCKNNKGTV &WTEJOGUUGT OO CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5QW\C KP .KUUCDQP OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUV UVGTP 5KNDGT XGTIQNFGV <GPVTWO )QNF GOCKNNKGTV CP &QRRGNPCFGN -.'0 1#0 XCT 4#/ 8'40 <'+ 5VÒEM ++

9WPFGTUEJÌPGT 5GV XQP JGTXQTTCIGPFGT #PHGTVKIWPIUSWCNKV·V WO FGT XQT CNNGO FWTEJ FKG UGJT RNCUVKUEJG #WU HÒJTWPI FGT -TQPGP DGUVKEJV

1TFGP 7PUGTGT .KGDGP (TCW \WT 'ORH·PIPKU XQP 8KNNC 8KEQUC -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV <GPVTGP )QNF VGKNYGKUG GOCKNNKGTV OKV CNVGO *CNUDCPFCDUEJPKVV -.'0 1#0 4#/ 8'40 <'+ ++

7726 7724 7725

7PDGMCPPVGU #WU\GKEJPWPIUMTGW\ $TQP\G XGTIQNFGV WPF GOCKNNKGTV 4GRCTCVWT KP FGT YGK­GP 'OCKNNG CO UR·VGTGP $CPF 8'40 ++

/GFCKNNG HÒT FKG $GHTGKWPIUM·ORHGT $TQP\G CO $CPF OKV $CPFURCPIG

++

4'27$.+- 5'+6

164

/KNKV·TKUEJGT 1TFGP XQP #XK\ /QFGNN UGKV )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK \KGTUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV $CPFTKPI RWP\KGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC FC %QUVC KP .KUUCDQP CP 0CFGN FKGUG RWP\KGTV *'1 XCT -.'0 1#0 4#/ 5 8'40 <'+ 5VÒEM ++

7730

7729 7727

7728

1TFGP FGU +PHCPVGP &QO *GPTKSWG 1TFGP *GKPTKEJU FGU 5GGHCJTGTU )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV $CPFTKPI RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP /QFGNN CD EC QJPG GOCKNNKGTVG 5VTCJNGP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV *'1 -.'0 1#0 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM ++

8GTFKGPUVQTFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV $CPFTKPI RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC FC %QUVC KP .KUUCDQP CP 0CFGN FKGUG RWP\KGTV $GKFG 5VÃ&#x2019;EM UVCTM CPIGNCWHGP *'1 XCT -.'0 1#0 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM ++

1TFGP HÃ&#x2019;T 8GTFKGPUVG WO FKG 8QNMUCWHMN·TWPI +PUVTWECQ 2WDNKEC )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV $CPFTKPI RWP\KGTV CO MWT\GP *CNUDCPFCDUEJPKVV WPF $TWUV UVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV *'1 XCT -.'0 1#0 4#/ 8'40 <'+ 5VÃ&#x2019;EM 4 ++

&KG $TWUVUVGTPG FKGUGU 1TFGPU UKPF UGNVGP \W HKPFGP

1TFGP HÃ&#x2019;T 8GTFKGPUVG WO FKG 8QNMUCWHMN·TWPI +PUVTWECQ 2WDNKEC 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV CWH FGT 4Ã&#x2019;EMUGKVG FGU $CPFTKPIU RWP\KGTV QJPG $CPF *'1 XCT -.'0 1#0 5 4#/ 8'40 <'+ ++

165

7733

7732

7731

-TGW\ HÒT /KNKV·TKUEJG 6CRHGTMGKV *CNUMTGW\ 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV &WTEJOGUUGT OO $CPFTKPI RWP\KGTV CO *CNUDCPFCDUEJPKVV *'1 -.'0 1#0 4#/ 5 8'40 <'+ 4 ++

8GTFKGPUVMTGW\ FGU 4QVGP -TGW\GU /QFGNN -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNUDCPF 4 +p++

&GMQTCVKQP FGT #MCFGOKG FGT 9KUUGPUEJCHVGP XQP 2QTVWICN 5KNDGT $TQP\G XGTIQNFGV CO *CNU DCPFCDUEJPKVV *'1 -.'0 1#0 4#/ 8'40 <'+ 4 ++

-NGKPG 5COONWPI XQP XGTUEJKGFGPGP 4QV -TGW\ #WU\GKEJPWPIGP &CTWPVGT 5VÒEM CWU $GNIKGP %JKNG &·PGOCTM 'UVNCPF ,CRCP /GZKMQ 0KGFGTNCPFG ¤UVGTTGKEJ 2JKNKRRKPGP 2QTVWICN 4WUUNCPF 5EJYGFGP WPF 6JCKNCPF UQYKG FTGK ITQ­G ÌUVGTTGKEJKUEJG 6CHGNOGFCKNNGP CWU FGT <GKV FGU 'TUVGP 9GNV MTKGIGU 8GTUEJKGFGPG /GVCNNG ITÌ­VGPVGKNU GOCKNNKGTV GPVYGFGT CP 0CFGN QFGT CO $CPF KP WPVGT UEJKGFNKEJGP 'TJCNVWPIGP &C\W /GFCKNNGP 5VÒEM + +++

416'5 -4'7< +06'40#6+10#.

7735 7737 1:1

(ª456'067/

47/ 0+'0

'NKUCDGVJ -TGW\ 5KNDGT VGKNYGKUG XGTIQNFGV CP ITQ­GT QTKIKPCN IGP·JVGT &COGPUEJNGKHG -.+47 6CHGN +: 5#(6# 5 8'40 ++

'NKUCDGVJ -TGW\ 5KNDGT VGKNYGKUG XGTIQNFGV CP ITQ­GT QTKIKPCN IGP·JVGT &COGPUEJNGKHG FC\W GKP -TGW\ HÒT 5CPKV·VUXGTFKGPUVG -NCUUG $TQP\G VGKNYGKUG GOCKNNKGTV CO HCNUEJGP $CPF -.+47 6CHGN +: 5#(6# 5 8'40 5VÒEM ++

-¤0+)4'+%*

1TFGP %CTQNU + $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN -.+47 6CHGN + -.'0 1#0 4#/ 5 8'40 <'+ 44 ++

&KG 8GTNGKJWPIU\CJN HÒT FCU )TQ­MTGW\ CP 4WO·PGP YCT NCWV -NKGVOCPP DKU CWH +PJCDGT DGITGP\V FCPCEJ CWH

166

7738 1:1

6TGWFKGPUV 1TFGP /QFGNN )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV GKP 'OCKNNGEJKRR CWH FGT 8QTFGTUGKVG FGU WPVGTGP -TGW\CTOU KO 4KPI OGJTHCEJ RWP \KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC *GKPTKEJ 9GKUU KP $WMCTGUV CP 0CFGN FKGUG OGJT HCEJ RWP\KGTV -.+47 5 H -.'0 1#0 5#(6# 5 8'40 <'+ 5VÃ&#x2019;EM 44 ++

&KG 8GTNGKJWPIU\CJN HÃ&#x2019;T FKGUG -NCUUG CP 4WO·PGP YCT DKU CWH +PJCDGT DGITGP\V #WHITWPF FGT UGJT MWT\GP 8GTNGKJWPIU\GKV XQP FTGK ,CJTGP GZVTGO UGNVGP

7743

7739 1:1

7740 1:1

7741 1:1

7742 1:1 7744

1TFGP HÃ&#x2019;T 8GTFKGPUV /QFGNN /KPKCVWT FGU 4KVVGTMTGW\GU 5KNDGT VGKNYGKUG XGTIQNFGV GOCKNNKGTV -.+47 5 1#0 5#(6# 5 4 ++

&KG 8GTNGKJWPIU\CJN HÃ&#x2019;T FKGUG -NCUUG YCT CWH 4WO·PGP WPF #WUN·PFGT DGITGP\V

'JTGP\GKEJGP XQO 4WO·PKUEJGP #FNGT /KPKCVWT FGT 1HHK\KGTUFGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV CO $·PFEJGP -.+47 5 1#0 4 ++

.CPFYKTVUEJCHVU 8GTFKGPUVQTFGP /QFGNN /KPKCVWT FGU 4KVVGTMTGW\GU 5KNDGT GOCKN NKGTV CO $·PFEJGP -.+47 6CHGN +++ XCT 1#0 4 ++

1TFGP HÃ&#x2019;T HNKGIGTKUEJG 6CRHGTMGKV /QFGNN 1HHK\KGTUMTGW\ 5KNDGT XGTIQNFGV WPF GOCKN NKGTV CO $·PFEJGP -.+47 6CHGN 8++ 1#0 5#(6# 5 4 ++

/GFCKNNG HÃ&#x2019;T HNKGIGTKUEJG 6CRHGTMGKV $TQP\GPG /GFCKNNG OKV 5EJYGTVGTP $TQP\G CO HCNUEJGP $CPF -.+47 6CHGN 8+++ 5#(6# 5 ++

.CPFGUYCEJV /GFCKNNG /QFGNN OKV $WEJUVCDGP 1 ' 6 4 $TQP\GOGFCKNNG CO $CPF -.+47 6CHGN : XCT 8'40 XCT 4 ++

/GFCKNNG \WT $GNQJPWPI HÃ&#x2019;T MKTEJNKEJG #TDGKV /QFGNN 5KNDGTPG /GFCKNNG $TQP\G XGTUKNDGTV CO $CPF -.+47 6CHGN :+++ ++

167

7746

7747

7748

2KNQVGP #D\GKEJGP /QFGNN ! OKV /QPQITCOO -ÌPKI (GTFKPCPFU JQJN IGRT·IV XGTUKNDGTV CP 0CFGN -.+47 6CHGN :+8 XCT ++

(NKGIGT #D\GKEJGP (NQVKNC FG .WRV± 8++ $TQP\G XGTUKNDGTV VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4 (·UUNGT KP $WMCTGUV CP 0CFGN ++

51<+#.+56+5%*' 4'27$.+-

1TFGP #WIWUV /QFGNN 1TFGPU\GKEJGP -NCUUG #WUHÒJTWPI QJPG TÒEMUGKVKIG +PUEJTKHV XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV DGUGV\V OKV 5KOKNKUVGKPGP GKPGT HGJNV CP 0CFGN &1)# C *'1 -.+47 :8 1#0 5%*/+47 <'+ ++

7749

7750

ex 7751

1TFGP 6WFQT 8NCFKOKTGUEW 5VGTP -NCUUG XGTIQNFGV OKV 5KOKNKUVGKPGP CP 0CFGN &1)# C *'1 -.+47 6CHGN :8 1#0 5%*/+47 <'+ ++

1TFGP 6WFQT 8NCFKOKTGUEW 5VGTP -NCUUG DTQP\GHCTDGP OKV 5KOKNKUVGKPGP CP 0CFGN &1)# C XCT *'1 -.+47 6CHGN :8 1#0 5%*/+47 <'+ XCT ++

+PVGTGUUCPVG DKUJGT PKEJV FQMWOGPVKGTVG 8CTKCPVG

1TFGP HÒT DGUQPFGTG IGNGKUVGVG &KGPUVG \WT 8GTVGKFKIWPI FGT UQ\KCNGP 1TFPWPI WPF FGU 5VCCVGU 5VGTP -NCUUG XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKV YGK­GP 5KOKNKUVGKPGP CP 0CFGN &C\W 1TFGP +O &KGPUVG FGU 5Q\KCNKUVKUEJGP 8CVGTNCPFGU &GMQTCVKQP FGT -NCUUG $TQP\G VGKNYGKUG GOCKNNKGTV CP 0CFGN &1)# C *'1 -.+47 5 1#0 5%*/+47 <'+ 5VÒEM ++

7752

<#4'067/ $+5

4755.#0&

5V #PPGP 1TFGP /QFGNN EC -TGW\ -NCUUG )QNF GOCKNNKGTV MNGKPGT 'OCKNNGCWU DTWEJ CO 4CPF FGU WPVGTGP -TGW\CTOU CWH FGT 4ÒEMUGKVG 'OCKNNGOCNGTGK CWH FGT 4ÒEMUGKVG WPVGT FGT TQVGP 'OCKNNG )QNFRWP\G WPF *GTUVGNNGTRWP\G #- KO 6TCIGTKPI RWP\KGTV CO $CPF -.'0 1#0 XCT 4#/ 5 4147 8'40 9'4. 5 <'+ ++p (GKPG #PHGTVKIWPI FGT (KTOC #NDGTV -GKDGN KP 5V 2GVGTUDWTI

168

7755

7753 7754

5V #PPGP 1TFGP /QFGNN EC -TGW\ -NCUUG )QNF GOCKNNKGTV 'OCKNNGOCNGTGK CWH FGT 4ÒEMUGKVG WPVGT FGT TQVGP 'OCKNNG )QNF WPF *GTUVGNNGTRWP\GP KO 6TCIGTKPI RWP\KGTV CO $CPF -.'0 1#0 XCT 4#/ 5 4147 8'40 9'4. 5 <'+ +p++

5V 5VCPKUNCWU 1TFGP $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV FKG $WEJUVCDGP FGU <GP VTWOU OKV 5VGKPGP DGUGV\V CP 5EJTCWDUEJGKDG 1#0 XCT 4#/ 5 XIN 4147 XIN 9'4. 5 ++

'U JCPFGNV UKEJ JKGTDGK WO GKPG CNVG LGFQEJ UGJT GKPHCEJG #PHGTVKIWPI XQP WPIGÒDVGT *CPF OÌINKEJGTYGKUG OKV (TQPVOKVVGNP W­GTUV WPIGYÌJPNKEJGU 'ZGORNCT OÌINKEJGTYGKUG JCPFGNV GU UKEJ CWEJ WO GKPG RQNPKUEJG #PHGTVK IWPI CWU FGT 'PF\GKV FGU 'TUVGP 9GNVMTKGIGU

-TÌPWPIUOGFCKNNG <CT 0KMQNCWU ++ 5KNDGT CO 2GPVCIQPCNDCPF 4147 8'40 9'4. ++

7759 1:1 7756 7760

8GTFKGPUVMTGW\ FGT )GUGNNUEJCHV HÒT FKG 9KGFGTJGTUVGNNWPI FGU %JTKUVGPVWOU KO -CWMCUWU -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 'OCKNNGOCNGTGK CO *CNUDCPFCDUEJPKVV 2#$1 5 ++

-QPXQNWV XQP #D\GKEJGP %#1 5KNDGT VGKNYGKUG XGTIQNFGV + 7 $ % - 5KNDGT 4KIC $TQP\G LGYGKNU CP 6TCIGUEJNGKHG &C\W \YGK #PUVGEMCD\GKEJGP 6& WPF 6& 5KNDGT XGT IQNFGV WPF 5KNDGT 5VÒEM ++

-QPXQNWV XQP XKGT XGTUEJKGFGPGP #D\GKEJGP 8GTUEJKGFGPG /GVCNNG FTGK KP 5KNDGT KP WPVGTUEJKGFNK EJGT 'TJCNVWPI 5VÒEM

)'14)+5%*' .')+10

1TFGP FGT -ÌPKIKP 6COCTC /KPKCVWT FGU 5VGTPU -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV QJPG $·PFEJGP XIN 1#0 ++ #NU /KPKCVWT UGNVGP

(4ª*' 519,'656##6'0

1TFGP FGU 4QVGP 5VGTPU XQP $WEJCTC /QFGNN &GMQTCVKQP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV 'OCKNNKGTWPI LGFQEJ ITÌ­VGPVGKNU CDIGRNCV\V CP 5EJTCWDG -7<42 5 XCT <'+ +++

169

7763

7761 1:1 7762 7767 7764

519,'670+10

5WYQTQY 1TFGP /KPKCVWT FGT -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $·PFEJGP 44 ++

/KPKCVWTGP UQYLGVKUEJGT 1TFGP UKPF GZVTGO UGNVGP

1TFGP FGU 8CVGTN·PFKUEJGP -TKGIGU /QFGNN 6[R &GMQTCVKQP FGT -NCUUG 5KNDGT )QNF VGKN YGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKPIGTKV\VG 6T·IGTPWOOGT 8GTNGKJWPI #PHCPI CP DTQP\GPGT $CPFVTCIGURCPIG OKV 5EJTCWDUEJGKDG FCTCWH *GTUVGNNGTDG\GKEJPWPI FGU /Ã&#x2019;P\JQHU /QUMCW &#0+ 5 *'/1 :++ *'1 XCT *'4( -.'0 XCT -7< 5 1#0 XCT 4#/ 5 56#8# 5 8'40 XCT 9'4. XCT <'+ 4 ++

1TFGP FGU 8CVGTN·PFKUEJGP -TKGIGU /QFGNN 6[R &GMQTCVKQP FGT -NCUUG )QNF 5KNDGT VGKN YGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKPIGTKV\VG 6T·IGTPWOOGT 8GTNGKJWPI /KVVG OKV GKP\GKNKIGO *GTUVGNNGTUVGORGN FGU /Ã&#x2019;P\JQHU /QUMCW OKV 5EJTCWDUEJGKDG &#0+ 5 *'/1 :++ *'1 *'4( -.'0 -7< 5 XCT 1#0 4#/ 5 56#8# 5 8'40 XCT 9'4. <'+ ++

1TFGP FGU 8CVGTN·PFKUEJGP -TKGIGU /QFGNN 6[R &GMQTCVKQP FGT -NCUUG )QNF 5KNDGT VGKN YGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKPIGTKV\VG 6T·IGTPWOOGT 8GTNGKJWPI (GDTWCT OKV GKP\GKNKIGO *GTUVGNNGTUVGORGN FGU /Ã&#x2019;P\JQHU /QUMCW OKV 5EJTCWDUEJGKDG &C\W /QFGNN &GMQTCVKQP FGT -NCUUG 5KNDGT )QNF VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKPIGTKV\VG 6T·IGTPWOOGT

8GTNGKJWPI /·T\ OKV \YGK\GKNKIGO *GTUVGNNGTUVGORGN FGU /Ã&#x2019;P\JQHU /QUMCW OKV 5EJTCWD UEJGKDG &#0+ 5 *'/1 :++ *'1 *'4( -.'0 -7< 5 1#0 4#/ 5 56#8# 5 8'40 9'4. <'+

5VÃ&#x2019;EM ++

-QPXQNWV XQP #WU\GKEJPWPIGP &CXQP LG \YGKOCN FTGK WPF GKPOCN \YGK CP 1TFGPUURCPIGP FCTWP VGT \YGK 4QVDCPPGTQTFGP GKPG 6CRHGTMGKVUOGFCKNNG WPF \YGK /GFCKNNGP HÃ&#x2019;T 8GTFKGPUVG KO -CORH &C\W 5KNDGTPG PKEJV VTCIDCTG /GFCKNNG CWH FGP ,CJTGUVCI FGT 1MVQDGTTGXQNW VKQP 5KNDGT &WTEJOGUUGT OO KO 1TKIKPCNGVWK 5VÃ&#x2019;EM ++

-QPXQNWV XQP EC XGTUEJKGFGPGP TWUUKUEJGP WPF UQYLGVKUEJGP #WU\GKEJPWPIGP &CTWPVGT 5COONGTCPHGTVKIWPIGP FGT 5EJYCT\GP -TGW\G FGT 9GK­GP #TOGG DKU XGTUEJKGFGPG /GVCNNG 5VÃ&#x2019;EM ++

1TFGP FGU JN /CTKPWU /QFGNN /GTKVQ EKXKNG G OKNKVCTG $TWUVUVGTP \WO )TQ­ MTGW\ QFGT )TQ­QHHK\KGT 5KNDGT VGKNYGKUG TGRGTEKGTV WPF XGTIQNFGV #WHNCIGP )QNF GOCKNNKGTV GKP OKP %JKRR KP FGT ITÃ&#x2019;PGP 'OCKNNG &WTEJOGUUGT OO CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC -TGVN[ KP 2CTKU CP 0CFGN FKGUG RWP\KGTV *'1 -.'0 QFGT 1#0 8'40 QFGT <'+ QFGT +p++

5#0 /#4+01

'Z\GNNGPVG #PHGTVKIWPI FGU DGFGWVGPFGP 2CTKUGT 1TFGPUJGTUVGNNGTU \W $GIKPP FGU NGV\VGP &TKVVGNU FGU ,CJTJWPFGTVU )GO·­ 5VCVWVGP·PFGTWPI XQO 5GRVGODGT YCT WPF KUV FKG <CJN FGT )TQ­QHHK\KGTG CWH 2GTUQPGP DG ITGP\V

170

7768

1TFGP FGU JN /CTKPWU /QFGNN DKU EC \YGK #DVGKNWPIGP -QOOCPFGWTMTGW\ HÒT \KXKNG 8GTFKGPUVG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV HGKPUVGT 'OCKNNGOCNGTGK CO MWT\GP *CNUDCPFCD UEJPKVV *'1 XCT -.'0 1#0 8'40 <'+ +p++

5GJT UEJÌPG #PHGTVKIWPI WO

7769

1TFGP FGU JN /CTKPWU /QFGNN DKU EC \YGK #DVGKNWPIGP 4KVVGTMTGW\ HÒT OKNKV·TK UEJG 8GTFKGPUVG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF *'1 XCT -.'0 1#0 XCT 8'40 <'+ +p++

7770

7771

1TFGP FGU JN /CTKPWU /QFGNN UGKV EC YKGFGT /GTKVQ EKXKNG G OKNKVCTG $TWUVUVGTP \WO )TQ­QHHK\KGT 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC #NDGTVK KP /CKNCPF CP 0CFGN 0CFGNJCMGP CDIGDTQEJGP *'1 -.'0 1#0 8'40 <'+ ++ p+++

1TFGP FGT JN #ICVJC -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPF *'1 XCT -.'0 1#0 XCT 8'40 <'+ +p++

171

7772 1:1

5#05+$#4

1TFGP FGU 5VTCJNGPFGP 5VGTPU /QFGNN OKV FGT 6WIJTC 5WNVCP *COWFU ++ DKP /WJCOOGF

5GV FGT -NCUUG DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKN NKGTV OGJTGTG MNGKPG 'OCKNNGCWUDTÒEJG OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUVUVGTP OKV KFGP VKUEJGT 6WIJTC 5KNDGT #WHNCIGP VGKNYGKUG )QNF GOCKNNKGTV CP 0CFGN 1#0 XCT XCT 6#/5# 5 XCT 5VÒEM 44 ++p

'ZVTGO UGNVGP YKG CNNG +PUKIPKGP FGU /QFGNNU 0CEJ 6COOCP YWTFG FGT 1TFGP KP FKGUGO /QFGNN WPF KP FKGUGT -NCUUG PWT GKP GKP\KIGU OCN XGTNKGJGP

7773 7774

/GFCKNNG \WO 5KNDGTPGP 6JTQPLWDKN·WO 5WNVCP -JCNKHCU ++ KO ,CJTG 5KNDGT CWH FGT 4ÒEMUGKVG RWP\KGTV CO $CPF 6#/5# 5 XCT ++

5#7&+ #4#$+'0

8GTFKGPUVQTFGP -ÌPKI #DFWN #\K\ 1TFGP 4KVVGTFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV CO HCNUEJGP $CPF 1#0 44 ++ 9KG CNNG JÌJGTGP #WU\GKEJPWPIGP 5CWFK #TCDKGPU GZVTGO UGNVGP

172

7776 1:1 7775 1:1

7775 1:1

5%*9'&'0

5GTCRJKPGPQTFGP 1TFGPUMTGW\ )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV MN 'OCKNNGEJKRR KO 8QTFGTUGK VGPOGFCKNNQP OKP MCWO UKEJVDCTG 'OCKNNGTGRCTCVWTGP KP \YGK -TGW\URKV\GP FGT 4ÒEMUGKVG OKV EC EO NCPIGO 5EJ·TRGPUVÒEM $'4)* 5 *'1 -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ 44 ++

5GTCRJKPGPQTFGP $TWUVUVGTP /QFGNN EC 5KNDGT TGRGTEKGTV #WHNCIGP 5KNDGT WPF )QNF VGKNYGKUG GOCKNNKGTV GKPG 5VGTPURKV\G CDIGDTQEJGP \YGK 5VGTPURKV\GP CNV TGRCTKGTV CP 0CFGN $'4)* 5 XCT *'1 -.'0 XCT .¤9 1#0 4#/ 5 8'40 XCT <'+ XCT 44 ++

(TÒJGT /GVCNNUVGTP FGT VTQV\ FGT $GUEJ·FKIWPI GKP UGJT UGNVGPGT $GNGI HÒT FCU /QFGNN KUV

7777 1:1

5EJYGTVQTFGP /QFGNN UGKV )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV OKV EC EO NCPIGO DGUEJ·FKIVGP 5EJ·TRGPUVÒEM WPF $TWUVUVGTP /QFGNN

5KNDGT TGRGTEKGTV #WHNCIGP XGTIQNFGV GOCKNNKGTV CP 0CFGN $'4)* 5 XCT *'1 XCT -.'0 .¤9 5 XCT 1#0 4#/ 5 8'40 <'+ 5VÒEM 4 +p

5GJT UEJÌPGT 5GV KP JGTXQTTCIGPFGT 'TJCNVWPI

173

7778

7779 7780 1:1

5EJYGTVQTFGP /QFGNN UGKV )TQ­MTGW\ 5KNDGT XGTIQNFGV <GPVTGP )QNF GOCKNNKGTV QJPG 5EJWNVGTDCPF $'4)* 5 *'1 -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ ++

5EJYGTVQTFGP /QFGNN UGKV $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN UGKV INCVVG #TOHN· EJGP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OGJTGTG UVCTMG 'OCKNNGUEJ·FGP KO <GPVTWO CP 0CFGN $'4)* 5 XCT *'1 -.'0 .¤9 5 1#0 XCT 4#/ 5 8'40 <'+ ++

5EJYGTVQTFGP /QFGNN UGKV -QOOCPFGWTMTGW\ )QNF HGKPUV \KUGNKGTV WPF GOCKNNKGTV 'OCKN NGEJKRR KO TÒEMUGKVKIGP <GPVTWO OGJTGTG 'FGNUVGKPG WPF 2GTNGP FGT -TQPG OKP DGUEJ·FKIV UVCTM IGYÌNDVG <GPVTGP CO CNVGP *CNUDCPFCDUEJPKVV $'4)* 5 XCT *'1 XCT -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ 4 ++p

NVGTGU 'ZGORNCT KP HGKPGT #PHGTVKIWPIUSWCNKV·V WO

7781 1:1

7783

5EJYGTVQTFGP /QFGNN UGKV /KPKCVWT FGU 4KVVGTMTGW\GU )QNF GOCKNNKGTV GKP -TGW\CTO CWH FGT 4ÒEMUGKVG DGUEJ·FKIV &WTEJOGUUGT OO CO $·PFEJGP $'4)* *'1 .¤9 5 1#0 XCT 4#/ 5 ++

NVGTG #PHGTVKIWPI WO

5EJYGTVQTFGP /QFGNN UGKV -PQRHNQEJOKPKCVWT FGU 1TFGPUMTGW\GU )QNF &WTEJOGUUGT OO CWH -PQRH CWHIGNÌVGV OKV $CPFUEJNGKHG *'1 .¤9 5 XCT 1#0 XCT 4#/ 5 ++

5EJYGTVQTFGP /QFGNN UGKV 5EJYGTVGTMTGW\ OKV 5EJYGTVGTP 5KNDGT 85 <GPVTWO )QNF GOCKNNKGTV CO $CPF KO 1TKIKPCN 'VWK FGT (KTOC %CTNOCP KP 5VQEMJQNO $'4)* 5 *'1 -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ ++

5EJYGTVQTFGP /QFGNN UGKV 5EJYGTVGTMTGW\ OKV 5EJYGTVGTP 5KNDGT 85 <GPVTWO )QNF GOCKNNKGTV CO $CPF $'4)* 5 *'1 -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ ++

174

7787 1:1 7785

7789

7786

0QTFUVGTPQTFGP $TWUVUVGTP \WO )TQ­MTGW\ /QFGNN EC 5KNDGT TGRGTEKGTV CP 0CFGN $'4)* 5 XCT *'1 XCT -.'0 .¤9 5 XCT 1#0 XCT 4#/ 5 8'40 <'+ +

0QTFUVGTPQTFGP 4KVVGTMTGW\ )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG 'OCKNNGEJKRR KO <GPVTWO CO

UEJYCT\GP $CPF $'4)* 5 *'1 -.'0 .¤9 5 1#0 4#/ 5 8'40 <'+ ++p

0QTFUVGTP 1TFGP /KPKCVWT FGU 4KVVGTMTGW\GU )QNF GOCKNNKGTV &WTEJOGUUGT OO CO $·PFEJGP OKV -PQRH $'4)* 5 *'1 .¤9 5 1#0 4#/ 5 +

0QTFUVGTP 1TFGP -PQRHNQEJOKPKCVWT FGU 1TFGPUMTGW\GU 5KNDGT XGTIQNFGV &WTEJOGUUGT OO CWH -PQRH CWHIGNÌVGV FCTCWH CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC %CTNOCPP KP 5VQEMJQNO $'4)* 5 *'1 .¤9 5 XCT 1#0 4#/ 5 +

8CUCQTFGP /QFGNN UGKV $TWUVUVGTP /QFGNN 5KNDGT TGRGTEKGTV CP 0CFGN $'4)* 5 XCT *'1 -.'0 .¤9 1#0 4#/ 5 8'40 <'+ +

7791 1:1

7793 7790

8CUCQTFGP /QFGNN UGKV -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV CWEJ FKG <GPVTGP GOCKNNKGTV KO $CPTKPI *GTUVGNNGTDG\GKEJPWPI %(% 5#$ UQYKG OGJTGTG 2WP\GP CO *CNUDCPFCDUEJPKVV $'4)* 5 XCT *'1 XCT -.'0 .¤9 5 XCT 1#0 4#/ 5 8'40 <'+ ++

8CUC 1TFGP /QFGNN UGKV /KPKCVWT FGU 4KVVGTMTGW\GU -NCUUG )QNF GOCKNNKGTV CO $·PF EJGP $'4)* 5 *'1 XCT .¤9 5 XCT 1#0 4#/ 5 +

8CUC 1TFGP /QFGNN UGKV -PQRHNQEJOKPKCVWT FGU 1TFGPUMTGW\GU 5KNDGT XGTIQNFGV &WTEJ OGUUGT OO CWH -PQRH CWHIGNÌVGV $'4)* 5 *'1 XCT .¤9 5 XCT 1#0 4#/ 5 ++

8CUC 1TFGP /QFGNN UGKV 4KVVGTMTGW\ -NCUUG 5KNDGT <GPVTGP )QNF GOCKNNKGTV CO $CPF $'4)* 5 *'1 -.'0 .¤9 1#0 4#/ 5 8'40 <'+ ++

175

7795 7797

7796

7794

7799

8CUC 1TFGP /QFGNN UGKV )QNFGPG /GFCKNNG -NCUUG ITÌ­GTG #WUHÒJTWPI )QNF KO 4CPF )QNFRWP\GP WPF ,CJTGU\CJN &WTEJOGUUGT OO )GYKEJV EC IT CP &COGPUEJNGKHG KO PKEJV RCUUGPFGP WPF DGUEJ·FKIVGP 'VWK #4' $'4)* 5 *'1 XCT -.'0 .¤9 5 1#0 5 4#/ 5 8'40 <'+ +

8CUC 1TFGP /QFGNN UGKV )QNFGPG /GFCKNNG -NCUUG MNGKPGTG #WUHÒJTWPI )QNF KO 4CPF )QNFRWP\GP WPF ,CJTGU\CJN &WTEJOGUUGT OO )GYKEJV EC IT OKV $CPF KO PKEJV RCUUGPFGP 'VWK #4' $'4)* 5 *'1 -.'0 .¤9 5 1#0 5 4#/ 5 8'40 <'+ +p

8CUC 1TFGP /QFGNN UGKV 5KNDGTPG /GFCKNNG -NCUUG ITÌ­GTG #WUHÒJTWPI 5KNDGT KO 4CPF 5KNDGTRWP\GP WPF ,CJTGU\CJN &WTEJOGUUGT OO OKV $CPF KO PKEJV RCUUGPFGP 'VWK #4' $'4)* 5 *'1 XCT -.'0 .¤9 5 XCT 1#0 5 4#/ 5 8'40 <'+ +

8CUC 1TFGP /QFGNN UGKV 5KNDGTPG /GFCKNNG -NCUUG MNGKPGTG #WUHÒJTWPI 5KNDGT KO 4CPF 5KNDGTRWP\GP WPF ,CJTGU\CJN &WTEJOGUUGT OO OKV $CPF KO 'VWK #4' $'4)* 5 *'1 XCT -.'0 .¤9 5 XCT 1#0 5 4#/ 5 8'40 <'+ +p++

,QJCPPKVGTQTFGP NVGTGU /QFGNN FGT $CNNGK $TCPFGPDWTI -TGW\ FGT 'JTGPTKVVGT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO <GPVTWO FGT 8QTFGT WPF 4ÒEMUGKVG OGJTGTG 'OCKNNGCDURNKVVGTWPIGP CWEJ FKG #FNGT YGKUGP \CJNTGKEJG 'OCKNNG (GJNUVGNNGP CWH QJPG 5KNDGT QTFGT *GTUVGNNGTRWP\GP #O *CNUDCPF FGT UEJYGFKUEJGP )GPQUUGPUEJCHV *1'(6 :+++ *ª52 -.'& 0+// XCT 1'- 24- D 9#.& $'4)* 5 8'40 ++p+++

+PVGTGUUCPVGT $GNGI HÒT FKG 6TCIGYGKUG FGT 4KVVGT FGT 5EJYGFKUEJGP )GPQUUGPUEJCHV XQT FGT 'KPHÒJTWPI GKIGPGT +PUKIPKGP PCEJ FGO <YGKVGP 9GNVMTKGI

/GFCKNNG \WT 5KNDGTPGP *QEJ\GKV FGU UEJYGFKUEJGP -TQPRTKP\GPRCCTGU KO ,CJTG 5KNDGTPG /GFCKNNG CP CNVGT XQP 6TCWGTHNQT WOYKEMGNVGP &COGPUEJNGKHG $'4)* 8'40 4 ++ /ÌINKEJGTYGKUG CWU JQEJHÒTUVNKEJGO $GUKV\ FC GU PWT CP FKGUGP *ÌHGP ÒDNKEJ YCT UKEJ CNU <GKEJGP VKGHUVGT 6TCWGT FGU 6TCIGPU LGINKEJGT (CTDG \W GPVJCNVGP WPF UQOKV CWEJ FKG $·PFGT WPF 5EJNGKHGP XQP 1TFGP WPF 'JTGP\GKEJGP OKV 6TCWGTHNQT \W WOIGDGP

176

7800

7802 7801

-ÌPKI )WUVCXU 8 1N[ORKC /GFCKNNG 5KNDGT QJPG $CPF #4' .¤9 )TWRR * 8'40 ++

'JTGP #D\GKEJGP FGU 5EJYGFKUEJGP 4QVGP -TGW\GU 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV TÒEM UGKVKI OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC /ÌNNGPDQTI KP 5VQEMJQNO CP 0CFGN CWH $CPFMTGW\ CWHIG NGIV #4' ++

5RCPIG OKV \YGK /KPKCVWT #WU\GKEJPWPIGP )QNFGPG /GFCKNNG HÒT 6CRHGTMGKV KO (GNF )QNF 5EJYGTVQTFGP 4KVVGTMTGW\ ·NVGTG (QTO )QNF GOCKNNKGTV OKP 'OCKNNGEJKRR KO <GPVTWO FGT 8QTFGT UGKVG $GKFG /KPKCVWTGP CP 4CJOGPURCPIG )QNF OKV GEJV IQNFGPGT 0CFGN FKG $·PFEJGP GTPGWGTV XIN #4' XIN $'4)* 4 ++p

(TÒJG WPF UGNVGPG /KPKCVWTGPURCPIG WO

7803 1:1

7804 1:1

7805

/KPKCVWTGPURCPIG GKPGT &COG OKV #WU\GKEJPWPIGP 'TKPPGTWPIU\GKEJGP \WO )GDWTVUVCI -ÌPKI )WUVCX 8 #FQNRJU KO ,CJTG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 'TKPPGTWPIU\GKEJGP \WO )GDWTVUVCI -ÌPKI )WUVCX 8 #FQNRJU KO ,CJTG 5KNDGT XGTIQNFGV 'TKPPGTWPIUOGFCKNNGP \WO )GDWTVUVCI -ÌPKI )WUVCX 8+ #FQNRJU KO ,CJTG 5KNDGT /GFCKNNG \WT 'TKPPGTWPI CP FKG ,CJTHGKGT FGT )TÒPFWPI FGT -QNQPKG 0GW 5EJYGFGP KP #OGTKMC KO ,CJTG 5KNDGT ,GYGKNU CP &COGUEJNGKHEJGP XIN #4' 5 XIN $'4)* +p++

/KPKCVWTGPURCPIG OKV #WU\GKEJPWPIGP 'TKPPGTWPIU\GKEJGP \WT )QNFGPGP *QEJ\GKV -ÌPKI 1U ECTU ++ KO ,CJTG 5KNDGT XGTIQNFGV 'TKPPGTWPIU\GKEJGP \WO L·JTKIGP 4GIKGTWPIULWDKN·WO -ÌPKI 1UECTU ++ KO ,CJTG 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV /GFCKNNG HÒT 8GTFKGPUVG WO FKG 1N[ORKCFG KP 5VQEMJQNO KO ,CJTG 5KNDGT ,GYGKNU CP $·PFEJGP XIN #4' 5 XIN $'4)* +p++

&GMQTCVKQP GKPGT WPDGMCPPVGP UEJYGFKUEJGP (TGKOCWTGTNQIG 5KNDGT XGTIQNFGV CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV CP $CPFUEJNGKHG ++

7806 1:1

5%*9'+<

*GNXGVKUEJG 6TGWGOGFCKNNG /KPKCVWT FGT /GFCKNNG CWEJ ;XGTFQP /GFCKNNG IGPCPPV 5KNDGT &WTEJOGUUGT OO QJPG $·PFEJGP $174& $ % 4 ++

#NU /KPKCVWT UGNVGP

177

7807

7808

-#0610 <ª4+%*

/KNKV·T 8GTFKGPUVOGFCKNNG 0KEJV VTCIDCTG MNGKPG UKNDGTPG /GFCKNNG HÒT 5QNFCVGP FGT GKFIGPÌUUK UEJGP 5WMMWTVTWRRGP KO UQ IGPCPPVGP $QEMGPMTKGI 5KNDGT &WTEJOGUUGT OO .'7/'& ++p+++

5'0')#.

0CVKQPCNQTFGP FGU .ÌYGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP XGTIQNFGV WPF GOCKN NKGTV OKV GKPGO EC EO NCPIGP 5EJ·TRGPUVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV CP 0CFGN FKGUG RWP\KGTV 41(( 6CHGN XCT 5VÒEM +p++

7810 7809 1:1

7811

5'4$+'0

1TFGP /KNQUEJ FGU )TQ­GP &GMQTCVKQP 5VWHG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV MCWO UKEJV DCTGT %JKRR KP FGT DNCWGP 'OCKNNG FGT /GFCKNNQPWOTCPFWPI HGKPUVG 'OCKNNGOCNGTGK QJPG FKG TÒEMUGK VKIG IGRT·IVG #DFGEMRNCVVG CO *CNUDCPFCDUEJPKVV -.'0 1#0 2+.' 6CHGN XCT 4#/ 415' 8'40 <'+ 8QP ITQ­GT 5GNVGPJGKV ++

+P CNNGP UGKPGP -NCUUGP UGJT UGNVGPGT 1TFGP FGT PWT ,CJTG NCPI XQP DKU \WO 'PFG FGT 1DTGPQXKEJ &[PCUVKG

'TOQTFWPI -ÌPKI #NGZCPFGTU + KO ,CJTG XGTNKGJGP YWTFG #NGZCPFGT + JCV FGP 1TFGP UVGVU RGTUÌPNKEJ HÒT FGO *CWU 1DTGPQXKEJ IGNGKUVGVG &KGPUVG XGTNKGJGP 'KPGT 2WDNKMCVKQP XQP &TCIQOKT / #EQXKE WPF 4KEJCTF 4 .WUUKGT 4Q[CN 5GTDKCP 1TFGT QH /KNQUJ VJG )TGCV QJPG 1TV \WHQNIG YWTFG GT KP FGT ++ -NCUUG PWT WPF KP FGT +++ -NCUUG PWT XGTNKGJGP

1TFGP XQO 9GK­GP #FNGT /QFGNN $TWUVUVGTP 5VWHG 5KNDGT TGRGTEKGTV WPF XGTIQN FGV VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV -.'0 1#0 2+.' 6CHGN XCT 4#/ 5 415' 8'40 <'+ 4 ++

1TFGP XQO 9GK­GP #FNGT /QFGNN &GMQTCVKQP FGT 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV MNGKPG #DRNCV\WPI KP FGT DNCWGP 'OCKNNG FGT -TQPGPD·PFGT CO *CNUDCPFCDUEJPKVV -.'0 1#0 XCT 2+.' 6CHGN 4#/ 5 415' C 8'40 <'+ ++

¤UVGTTGKEJKUEJG #PHGTVKIWPI

178

7813

7812

7815 7814

1TFGP XQO 9GK­GP #FNGT /QFGNN &GMQTCVKQP FGT 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKPKOCNG *CCTTKUUG KO YGK­GP -TGW\ CO &TGKGEMUDCPF OKV YGK­GT 4QUGVVG KO 1TKIKPCNGVWK GKPGT $GNITCFGT (KTOC -.'0 1#0 XCT 2+.' 6CHGN XCT 4#/ 5 415' 8'40 <'+ ++

+PVGTGUUCPVG 8CTKCPVG OKV MNGKPGP 5EJYGTVGTP FGTGP 5RKV\GP PCEJ WPVGP \GKIGP

5V 5CXC 1TFGP /QFGNN 6[R TQVGT /CPVGN -TGW\ 5VWHG 5KNDGT <GPVTWO XGT IQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG FGU WPVGTGP -TGW\CTOU 'OCKNNGEJKRR CO $CPF -.'0 1#0 2+.' 6CHGN XCT 4#/ 5 415' # 8'40 <'+ ++

5V 5CXC 1TFGP /QFGNN 6[R ITÃ&#x2019;PGT /CPVGN -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV \YGK -TGW\URKV\GPMWIGNP NGKEJV XGTDQIGP CO *CNUDCPFCDUEJPKVV -.'0 1#0 2+.' 6CHGN XCT 4#/ 5 415' $ 8'40 <'+ ++

5V 5CXC 1TFGP /QFGNN 6[R ITÃ&#x2019;PGT /CPVGN -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO &TGKGEMUDCPF -.'0 1#0 2+.' 6CHGN 4#/ 5 415' $ 8'40 <'+ ++

7818 7816

7817

6CMQYQ 1TFGP /QFGNN -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNU DCPFCDUEJPKVV -.'0 1#0 XCT 2+.' 6CHGN 4#/ 5 415' # 8'40 <'+ ++

¤UVGTTGKEJKUEJG #PHGTVKIWPI

6CMQYQ 1TFGP /QFGNN -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV MNGKPGT %JKRR CWH FGO WPVGTGP -TGW\CTO CO *CNUDCPFCDUEJPKVV -.'0 1#0 XCT 2+.' 6CHGN 4#/ 5 415' # 8'40 <'+ ++

6CMQYQ 1TFGP /QFGNN -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV <GPVTGP DG YGINKEJ CO &TGKGEMUDCPF -.'0 1#0 XCT 2+.' 6CHGN 4#/ 5 415' # 8'40 <'+ ++

179

7819

7821

7820

1TFGP FGU 5VGTPU XQP -CTCIGQTIG -TGW\ 5VWHG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCD UEJPKVV -.'0 1#0 2+.' 6CHGN 4#/ 5 415' 8'40 <'+ 4 ++

1TFGP FGU 5VGTPU XQP -CTCIGQTIG -TGW\ 5VWHG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG 'OCKNNGCDRNCV\WPIGP CWH 8QTFGT WPF 4ÒEMUGKVG CO &TGKGEMUDCPF -.'0 1#0 5 2+.' 6CHGN 4#/ 5 415' 8'40 <'+ 4 +++

'JTGP\GKEJGP FGT -ÌPKIKP 0CVJCNKG 6[R OKV M[TKNNKUEJGO $WEJUVCDGP 0 * &GMQTCVKQP -NCUUG 5KNDGT XGTIQNFGV CP CNVGT &COGPUEJNGKHG -.'0 1#0 2+.' 6CHGN 4#/ 415' 8'40 <'+ ++

&GT 1TFGP YWTFG IGUVKHVGV WPF DKU 'PFG XGTNKGJGP

7823 7824

7825 7826

7822

'JTGP\GKEJGP XQO 4QVGP -TGW\ /QFGNN 5KNDGT GOCKNNKGTV CO &TGKGEMUDCPF 2+.'

6CHGN 4#/ 415' 8'40 ++

/GFCKNNG HÒT 6CRHGTMGKV 5KNDGTPG /GFCKNNG 5KNDGT CO &TGKGEMUDCPF 2+.' 6CHGN 415' 8'40 4 ++

/KNQUEJ 1DKNKEJ /GFCKNNG HÒT 6CRHGTMGKV 5KNDGTPG /GFCKNNG MNGKPGTGT 6[R 5KNDGT &WTEJOGUUGT OO CO CNVGP &TGKGEMUDCPF 1#0 2+.' 6CHGN 4#/ 5 415' 8'40 ++

/GFCKNNG HÒT GKHTKIGP &KGPUV 5KNDGTPG /GFCKNNG /QFGNN OKV GKPGT -TQPG ÒDGT DGKFGP -ÌR HGP 5KNDGT OKV -WIGNÌUG CO $CPF 2+.' 6CHGN 415' # 8'40 ++

'456' 4'27$.+-

180

5.19#-'+

1TFGP FGU -TKGIU 5KGIGUMTGW\GU &GMQTCVKQP -NCUUG )QNFGPG /GFCKNNG XGTIQNFGV CO $CPF OKV 6TCIGURCPIG \WUCOOGP OKV +PVGTKOURCPIG -.'0 /#4% 64'0 8'40 <'+

++

1TFGP FGU -TKGIU 5KGIGUMTGW\GU &GMQTCVKQP -NCUUG )QNFGPG /GFCKNNG XGTIQNFGV CO $CPF OKV 6TCIGURCPIG -.'0 /#4% 64'0 8'40 <'+ ++

7830 1:1

7831 1:1

7828

7829

/GFCKNNG HÒT 2GTUÌPNKEJG 6CRHGTMGKV UQ IGPCPPVG 6KUQ /GFCKNNG -NGKPG /GFCKNNG $TQP\G &WTEJOGUUGT OO CO $CPF /#4% 64'0 5 8'40 ++

51/#.+#

1TFGP FGU 5VGTPU XQP 5QOCNKC 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 'KEJGP WPF .QT DGGTMTCP\ QJPG 5 CO $CPF FCTCWH 5EJT·IURCPIG OKV GOCKNNKGTVGO $WEJUVCDGP 5 1#0 41(( 6CHGN XCT 4 +p++

+PVGTGUUCPVG CWVJGPVKUEJG DKUNCPI WPDGMCPPVG 8CTKCPVG FKGUGU 1TFGPU FGUUGP 4KVVGTFGMQTCVKQPGP YGKVCWU UGNVGPGT \W HKPFGP UKPF CNU FKG JÌJGTGP +PUKIPKGP

52#0+'0 0#21.'10+5%*'5 -¤0+)4'+%*

-ÌPKINKEJGT 1TFGP XQP 5RCPKGP 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV OKP 'OCKNNGCWUDTÒEJG KP FTGK 5VGTPURKV\GP WPF GKP MNGKPGT #WUDTWEJ KP FGT 'OCKNNG FGU TÒEMUGKVKIGP 5EJTKHVTKPIGU &WTEJOGUUGT OO CO CNVGP 1TKIKPCNDCPF $174& # %#. -.'0 2')7 24+$# 1 8'40 <'+ 8QP ITQ­GT 5GNVGPJGKV ++

)CTCPVKGTVGU 1TKIKPCNGZGORNCT CWU FGT 8GTNGKJWPI\GKV

-ÌPKINKEJGT 1TFGP XQP 5RCPKGP /KPKCVWT FGT 4KVVGTFGMQTCVKQP )QNF GOCKNNKGTV OKP 'OCKNNGUEJCFGP KP FGP QDGTGP 5VGTPURKV\G &WTEJOGUUGT OO KO 4KPI HTCP\ÌUKUEJ RWP\KGTV CO CNVGP 1TKIKPCND·PFEJGP $174& 8QP ITQ­GT 5GNVGPJGKV 4 ++

5GJT MNGKPG WPF ·W­GTUV HGKP IGCTDGKVGVG /KPKCVWT CWU FGT 8GTNGKJWPIU\GKV

7832

4'56#74#6+10 &4+66'5 -¤0+)4'+%*

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN -TGW\ WPF -NCUUG )QNF GOCKNNKGTV OKP #DRNCV\WPIGP KP FGT ITÒPGP 'OCKNNG /GFCKNNQPU FTGJDCT OKV MCPPGNKGT VGO $CPFTKPI CO UR·VGTGP $CPF %#. %/' -.'0 1#0 2')7 24+$# 1 27'0 5 HH 8'40 <'+ +p++

5GJT HGKPG #PHGTVKIWPI WO

181

7833

7834

7835

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN 'KPHCEJGU )QNFGPGU -TGW\ HÒT FKG WPF -NCUUG )QNF GOCKNNKGTV OGJTGTG 'OCKNNGEJKRRU WPF 4GRCTCVWTGP 4ÒEMUGK VGPOGFCKNNQP GVYCU XGTDQIGP OKV MCPPGNKGTVGO $CPFTKPI CO $CPF %#. %/' -.'0 1#0 5 2')7 24+$# 1 27'0 5 HH 8'40 <'+ ++

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN 'KPHCEJGU )QNFGPGU -TGW\ HÒT FKG WPF -NCUUG )QNF GOCKNNKGTV OGJTGTG 'OCKNNGEJKRRU WPF 4GRCTCVWTGP 4ÒEMUGK VGPOGFCKNNQP XGTDQIGP OKV MCPPGNKGTVGO $CPFTKPI CO $CPF %#. %/' -.'0 1#0 5 2')7 24+$# 1 27'0 5 HH 8'40 <'+ ++

'JTGP\GKEJGP HÒT FKG 5EJNCEJV XQP #NDWJGTC )QNF GOCKNNKGTV GKPKIG #DRNCV\WPIGP KP FGT ITÒ PGP 'OCKNNG CO GVYCU \GTUEJNKUUGPGP $CPF %#. XCT %/' XCT 2')7 24+$# ( 8'40 QFGT 44 ++

W­GTUV JGTXQTTCIGPFG #PHGTVKIWPI KP OCUUKXGP )QNF /ÌINKEJGTYGKUG JCPFGNV GU UKEJ WO GKP XGTNKGJGPGU 'ZGORNCT CP GKPGP 1HHK\KGT FGT CP FGT 5EJNCEJV VGKNPCJO

7836

7837 1:1

7836

&4+66'5 -¤0+)4'+%* 4')+'470) +5#$'..#5 ++

1TFGP +UCDGNNCU FGT -CVJQNKUEJGP /QFGNN OKV /QPQITCOO +UCDGNNCU ++ CWH FGT 4ÒEMUGKVG -QOOCPFGWTMTGW\ )QNF GOCKNNKGTV OGJTGTG OKP %JKRRU KP FGT ITÒPGP 'OCKNNG FGU .QT DGGTMTCP\GU HGKPUVG 'OCKNNGOCNGTGK CO GKPIGTKUUGPGP *CNUDCPFCDUEJPKVV %#. XCT *'1 -.'0 XCT 1#0 2')7 24+$# 1 27'0 5 8'40 XCT <'+ 4 +p

5GJT HGKPG WPF KP FGT 3WCNKV·V PCJG\W PKEJV OGJT ÒDGTVTGHHDCTG #PHGTVKIWPI CWU FGT <GKV WO

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN $TWUVUVGTP WPF -NCUUG 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV CP 0CFGN %#. %/' *'1 -.'0 1#0 2')7 24+$# 1 27'0 5 8'40 <'+ 4 +p++

5GNVGPG -NCUUG FKG IGO·­ FGP 5VCVWGP PWT )GPGTCN 1DGTDGHGJNUJCDGTP WPF )GPGT·NGP XQTDGJCNVGP YCT (GKPG #PHGT VKIWPI WO

182

7838

7839

7841

7840

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN $TWUVUVGTP -NCUUG HÒT 1HHK\KGTG 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV FKG -WIGNP CP FGP -TGW\URKV\GPFGP )QNF RNCVVKGTV CP 0CFGN FKGUG RWP\KGTV %#. %/' -.'0 1#0 2')7 24+$# 1 27'0 5 HH 8'40 <'+ ++

*GTXQTTCIGPFG #PHGTVKIWPI WO CWU FGT 5VKHVWPIU\GKV FKGUGU 5VGTPGU

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN -TGW\ WPF -NCUUG )QNF GOCKNNKGTV OGJTGTG 'OCKNNGCDRNCV\WPIGP KP FGT YGK­GP WPF ITÒPGP 'OCKNNG &WTEJOGUUGT OO CO $CPF %#. %/' *'1 -.'0 1#0 2')7 24+$# 1 27'0 5 HH 8'40 <'+ 4 +++

#PHGTVKIWPI WO 'U JCPFGNV UKEJ JKGTDGK PKEJV WO GKPG 4GFWMVKQP UQPFGTP WO FKG V[RKUEJG )TÌ­G FGT $TWUVKPUK IPKGP FKG HÒT FCU 'PFG FGT 4GIKGTWPIU\GKV -ÌPKIKP +UCDGNNCU ++ MGPP\GKEJPGPF YCT

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN

5EJYGTVGT -TGW\ FG FKCTKQ -NCUUG WPF -NCUUG )QNF GOCKNNKGTV &WTEJOGUUGT OO CP 0CFGN %#. %/' *'1 -.'0 1#0 2')7 24+$# 1 27'0 5 HH 8'40 <'+ 4 +p++

(GKPG #PHGTVKIWPI FGUUGP )TÌ­G CWH FKG -NCUUG UEJNKG­GP N·­V YKGYQJN FKG 5VCVWVGP KP FGT )TÌ­G MGKPG #PICDGP OCEJGP

/KNKV·TXGTFKGPUVQTFGP /QFGNN OKV /QPQITCO ; CWH FGT 4ÒEMUGKVG YGK­G #DVGKNWPI -TGW\ -NCUUG )QNF GOCKNNKGTV CO UR·VGTGP $CPF %#. %/' XCT -.'0 1#0 5 2')7 24+$# 1 27'0 5 XCT 8'40 XCT <'+ 4 +

9WPFGTUEJÌPGU 'ZGORNCT CWU FGT 5VKHVWPIU\GKV KP CDUQNWV VCFGNNQUGT 'TJCNVWPI

7842

7843 1:1

7PDGMCPPVGU $TWFGTUEJCHVUMTGW\ GKPGT $TWFGTUEJCHV FGU /·TV[TGTU &COCUWU )QNF GOCKNNKGTV CWH FGT 8QTFGTUGKVG &#/#575 / WPF CWH FGT 4ÒEMUGKVG FKG IGMTÌPVGP +PKVKCNGP 4; -ÌPKIKP +UCDGNNCU ++ XQP 5RCPKGP QJPG $CPF 2')7 24+$# 27'0 8QP ITQ­GT 5GNVGPJGKV ++

2418+514+5%*' 4')+'470)

/KNKV·TXGTFKGPUVQTFGP 9GK­G #DVGKNWPI /QFGNN 5GRVGODGT DKU &G\GODGT 8QFGTUGKVGPOG FCKNNQP QJPG $QWTDQPKUEJG .KNKGP 4ÒEMUGKVGPOGFCKNNQP QJPG /QPQITCOO -TGW\ -NCUUG )QNF GOCKNNKGTV CO CNVGP 1TKIKPCNDCPF %#. %/' -.'0 1#0 2')7 24+$# 27'0 8'40 <'+ 8QP ITQ­GT 5GNVGPJGKV ++

&CU -TGW\ GPVURTKEJV KP UGKPGT IGTKPIGP )TÌ­G OO QJPG -TQPG FGP V[RKUEJGP 'ZGORNCTGP XQO 'PFG FGT 4GIKG TWPIU\GKV -ÌPKIKP +UCDGNNCU ++ +O 5GRVGODGT PCEJ FGT (NWEJV -ÌPKIKP +UCDGNNCU ++ YWTFG XQP FGT RTQXKUQTK UEJGP 4GIKGTWPI GKPG 8GTQTFPWPI GTNCUUGP IGO·­ FGT 1TFGP MÒPHVKI MGKPG .KNKGP FCU 5[ODQN FGT $QWTDQPGP OGJT VTCIGP FWTHVGP #WEJ U·OVNKEJG /QPQITCOOG +UCDGNNCU YCTGP CD UQHQTV GTUCV\NQU \W GPVHGTPGP 'TUV KO &G\GODGT FGU INGKEJGP ,CJTGU YWTFG FCPP GKPG 8GTQTFPWPI GTNCUUGPGP IGO·­ FGT FGT /KNKV·TXGTFKGPUVQTFGP MÒPHVKI FCU /QPQ ITCOO // HÒT /GTKVQ /KNKVCT CWH FGT 4ÒEMUGKVG \W \GKIGP JCVVG #WHITWPF FGT PWT EC XKGTOQPCVKIGP 8GTNGK JWPIU\GKV GZVTGO UGNVGP WPF DKUNCPI PKEJV FQMWOGPVKGTV

183

7844 1:1

(ª0(6'5 -¤0+)4'+%*

7845

1TFGP -CTNU +++ /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CP 0CFGN %#. *'1 -.'0 1#0 2')7 24+$# 1 27'0 5 8'40 <'+ +

9WPFGTUEJÌPGT 5VGTP XQP JGTXQTTCIGPFGT #PHGTVKIWPIUSWCNKV·V WO

1TFGP -CTNU +++ /QFGNN -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV /GFCKNNQPU )QNF GOCKNNKGTV 'OCKNNGOCNGTGK QJPG *CNUDCPF %#. XCT *'1 XCT -.'0 1#0 2')7 XCT 24+$# 1 27'0 5 8'40 <'+ ++

7847 7846 1:1

1TFGP +UCDGNNCU FGT -CVJQNKUEJGP /QFGNN $TWUVUVGTP \WO )TQ­MTGW\ )QNF CWEJ FGT 5VGTPMQTRWU VGKNYGKUG GOCKNNKGTV OGJTGTG OKP (GJNUVGNNGP KP FGT ITÒPGP 'OCKNNG FGU -TCP\GU HGKPUVG 'OCKNNGOCNGTGK %#. *'1 XCT -.'0 1#0 2')7 24+$# 1 27'0 5 XCT 8'40 <'+ 4 +p

(GKPUVG #TDGKV WO

1TFGP +UCDGNNCU FGT -CVJQNKUEJGP /QFGNN $TWUVUVGTP FGT -QOOCPFGWTG XQP 0WO OGT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN KO QTKIKPCN .GFGTGVWK FGT (KTOC %GLCNXQ KP /CFTKF %#. XCT -.'0 1#0 2')7 XCT 24+$# 1 8'40 <'+ ++ &GT $TWUVUVGTP FGU -QOOCPFGWTU XQP 0WOOGT YWTFG CNNGKPG QJPG YGKVGTG +PUKIPKGP YKG *CNU QFGT $TWUVMTGW\ XGTNKGJGP WPF IGVTCIGP

184

7848 7849 7850

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN -TGW\ WPF -NCUUG )QNF GOCKNNKGTV FKG .QTDGGTDN·VVGT DGKFUGKVKI CWU ITÒPGP 5VGKPGP OÌINKEJGTYGKUG 6WTOCNKPG DGUVGJGPF YQXQP CWH FGT 4ÒEMUGKVG GKPKIG HGJNGP CO $CPF %#. %/' *'1 -.'0 1#0 2')7 24+$# 1 27'0 5 HH 8'40 <'+ 4 ++

.WZWTKÌUG #PHGTVKIWPI XQP ITQ­GT 3WCNKV·V WO

1TFGP HÒT 9QJNV·VKIMGKV /QFGNN &GMQTCVKQP -NCUUG $TQP\G XGTIQNFGV WPF GOCKNNKGTV CO NCPIGP *CNUDCPFCDUEJPKVV %#. XCT -.'0 1#0 2')7 XCT 24+$# 1 8'40 <'+ XCT 4 ++

<KXKNQTFGP #NHQPU :++ -TGW\ FGT QTFGPVNKEJGP -QOOCPFGWTG #WUHÒJTWPI OKV GOCKN NKGTVGP 5VTCJNGP 5KNDGT \GKVYGKUG XGTIQNFGV WPF GOCKNNKGTV GKPKIG MNGKPG 'OCKNNGCWUDTÒEJG CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC .GOCKVTG KP 2CTKU QJPG *CNUDCPF %#. XCT -.'0 1#0 XCT 2')7 XCT 24+$# 1 27'0 5 8'40 <'+ ++

7851

<KXKN 8GTFKGPUVQTFGP /QFGNN PCEJ )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO 4KPI OGJTHCEJ RWP\KGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM WPF $TWUV UVGTP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN %#. XCT -.'0 1#0 XCT XCT 2')7 24+$# 1 $ 8'40 <'+ 5VÒEM ++

185

7852 7853

/KNKV·TXGTFKGPUVQTFGP /QFGNN 9GK­G #DVGKNWPI 5GV FGT -NCUUG )TQ­MTGW\ DGUVG JGPF CWU -TGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC OO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN %#. XCT %/' XCT XCT -.'0 1#0 XCT 2')7 24+$# 1 8'40 <'+ 5VÃ&#x2019;EM ++

/KNKV·TXGTFKGPUVQTFGP /QFGNN 9GK­G #DVGKNWPI 5VGTP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV <GPVTWO )QNF GOCKNNKGTV 4Ã&#x2019;EMUGKVGPCDFGEMWPI HGJNV CP 0CFGN %#. XCT %/' XCT -.'0 1#0 2')7 24+$# 1 8'40 <'+ ++

7854 7855

/KNKV·TXGTFKGPUVQTFGP /QFGNN 4QVG #DVGKNWPI 5VGTP -NCUUG 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV GOCKNNKGTV MNGKPGT 'OCKNNGEJKRR KO <GPVTWO CP 0CFGN %#. XCT %/' XCT -.'0 1#0 XCT 2')7 24+$# 1 8'40 <'+ ++

/KNKV·TXGTFKGPUVQTFGP /QFGNN 4QVG #DVGKNWPI -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GKPKIG *CCTTKUUG KO /GFCKNNQP &WTEJOGUUGT OO $CPFTKPI RWP\KGTV QJPG $CPF %#. %/' -.'0 1#0 2')7 24+$# 8'40 <'+ 44 ++

1D GU UKEJ JKGTDGK WO GKPG DGUQPFGTG #PHGTVKIWPI GKPGU -TGW\GU FGT -NCUUG JCPFGNV FKG PQTOCNGP -TGW\G FGT -NCUUG GPVURTGEJGP FGPLGPKIGP FGT -NCUUG QFGT WO GKP YKTMNKEJGU -QOOCPFGWTMTGW\ FCU LGFQEJ KP FGP 5VCVWVGP \W MGKPGT <GKV XQTIGUGJGP YCT DNGKDV FGT 5RGMWNCVKQP FGU 5COONGTU Ã&#x2019;DGTNCUUGP ,GFGPHCNNU JCPFGNV GU UKEJ JKGTDGK WO GKP ·W­GTUV UGNVGPGU 'ZGORNCT XQP JGTXQTTCIGPFGT #PHGTVKIWPIUSWCNKV·V CWU FGO GTUVGP &TKVVGN FGU ,CJTJWPFGTVU

186

7857 1:1 7856

7859

7858

/KNKV·TXGTFKGPUVQTFGP /QFGNN <YGKHCTDKIG #DVGKNWPI CD UKNDGTPGU -TGW\ JQJN IGRT·IV WPF PKEJV XGTNÌVGV CO $CPF %#. %/' -.'0 2')7 XCT 24+$# 1 $ 27'0 8'40 <'+ ++

/KNKV·TKUEJGT 1TFGP XQO JN ,CMQDWU /KPKCVWT FGU 1TFGPUMTGW\GU )QNF GOCKNNKGTV CWH FGT 4ÒEM UGKVG RWP\KGTV CO $·PFEJGP 1#0 5 24+$# 1% +p++

/KNKV·TKUEJGT 1TFGP 7PUGTGT .KGDGP (TCW XQP /QPVGUC &GMQTCVKQP FGT 4KVVGT ·NVGTGU /QFGNN 5KN DGT VGKNYGKUG GOCKNNKGTV QJPG $CPF %#. %/' *'1 -.'0 1#0 2')7 24+$# 1% 27'0 8'40 <'+ XCT ++

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV \W 4QPFC $TWUVUVGTP FGT 4KVVGT 5KNDGT XGTIQNFGV <GPVTWO )QNF GOCKNNKGTV HGKPUVG 'OCKNNGOCNGTGK CP 0CFGN 2')7 24+$# %0 27'0 5 4 ++

*GTXQTTCIGPFG #TDGKV IGIGP 'PFG FGU ,CJTJWPFGTVU

7862 7860 7861

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV \W 5GXKNNC $TWUVUVGTP FGT 4KVVGT 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV ITQ­GT 'OCKNNGEJKRR UQYKG MNGKPG 'OCKNNGTGRCTCVWT KP FGT TQVGP 7OTCPFWPI CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC *CNNG[ KP 2CTKU CP 0CFGN 2')7 XCT 24+$# %0 27'0 5 4 ++

W­GTUV JGTXQTTCIGPFG #TDGKV WO

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV *KLQUFCNIQ FGU #FGNU XQP /CFTKF &GMQTCVKQP FGT 4KVVGT 5KNDGT XGTIQNFGV GOCKNNKGTV HGKPG 'OCKNNGOCNGTGK CO CNVGP GVYCU CWUIGDNKEJGPGP $CPF OKV 6TCIG URCPIG 2')7 24+$# %0 27'0 5 ++

#PHGTVKIWPI CWU FGO GTUVGP &TKVVGN FGU ,CJTJWPFGTVU

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV *KLQUFCNIQ FGU #FGNU XQP /CFTKF &GMQTCVKQP FGT &COGP 5KNDGT XGTIQNFGV GOCKNNKGTV HGKPG 'OCKNNGOCNGTGK CP CNVGT GVYCU CWUIGDNKEJGPGT &COGPUEJNGKHG 2')7 24+$# %0 27'0 5 ++

#PHGTVKIWPI CWU FGO GTUVGP &TKVVGN FGU ,CJTJWPFGTVU

187

7864

7863

7865

-ÌPKINKEJG *CPFGNUCMCFGOKG $TWUVUVGTP FGT /KVINKGFGT FGT -ÌPKINKEJGP *CPFGNUCMCFGOKG \W /CFTKF 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 4ÒEMUGKVGPCDFGEMWPI HGJNV CP 0CFGN 2')7 24+$# 27'0 ++

#PHGTVKIWPI CWU FGO GTUVGP &TKVVGN FGU ,CJTJWPFGTVU

/KNKV·TOGFCKNNG /QFGNN 6[R /GFCKNNG KP -WRHGT CO $CPF OKV 6TCIGURCPIG %#. XCT %/' XCT 2')7 C 24+$# %/ 27'0 5 XCT 8'40 4 ++

7PDGMCPPVG #WU\GKEJPWPI 8GTUKNDGTV GOCKNNKGTV CO $CPF 2')7 24+$# 27'0

++

7866 1:1

7868 7867 1:1

7870 7869

<9'+6' 4'27$.+-

1TFGP FGT 5RCPKUEJGP 4GRWDNKM /KPKCVWT FGT 1TFGPUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG $·PFEJGP %#. 2')7 24+$# 1 ++

#HTKMC 1TFGP /QFGNN /KPKCVWT FGT 4KVVGTFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG $·PFEJGP %#. XCT 2')7 24+$# 1 4

5RCPKUEJGU 4QVGU -TGW\ /GFCKNNG -NCUUG XQO 4QVGP -TGW\ /QFGNN XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG %#. -.'0 2')7 24+$# #51 27'0 8'40 <'+ ++

52#0+5%*'4 56##6 (4#0%1 4')+'470)

1TFGP -CTNU +++ /QFGNN UGKV -QOOCPFGWTMTGW\ $TQP\G XGTIQNFGV WPF GOCKN NKGTV OKV GOCKNNKGTVGO $CPFTKPI CO UR·VGTGP *CNUDCPFCDUEJPKVV %#. *'1 XCT -.'0 1#0 2')7 24+$# 1 27'0 5 8'40 <'+ 4 ++

+P FKGUGT HTÒJGP #PHGTVKIWPI KP $TQP\G OKV GOCKNNKGTVGO $CPFTKPI CWU FGT <GKV FGU <YGKVGP 9GNVMTKGIGU UGNVGP

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN (GTFKPCPF /QFGNN

5EJYGTVGT -TGW\ OKV .QTDGGT HÒT 'KP\GNRGTUQPGP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV &WTEJOGUUGT OO CP 0CFGN %#. %/' *'1 -.'0 1#0 5 2')7 24+$# 1 $ 27'0 5 8'40 <'+ XCT ++ &KGUG &GMQTCVKQP JCV )GPGTCN (TCPEQ CNU GKP\KIG #WU\GKEJPWPI CWH UGKPGT &KGPUVWPKHQTO V·INKEJ IGVTCIGP

188

7871

7873

7875

7872 1:1

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN *GTOGPGIKNFQ /QFGNN $TWUVUVGTP XGT IQNFGV VGKNYGKUG XGTUKNDGTV &WTEJOGUUGT OO CP 0CFGN %#. XCT %/' *'1 -.'0 1#0 XCT 2')7 XCT 24+$# 1 27'0 5 8'40 <'+ ++

&KGUGT 5VGTP YWTFG WPF YKTF CNNGKP QJPG YGKVGTG &GMQTCVKQPGP YKG *CNU QFGT $TWUVMTGW\G XGTNKGJGP WPF IGVTCIGP

1TFGP #NHQPU : FGU 9GKUGP $TWUVUVGTP \WO )TQ­MTGW\ WPF \WO -QOOCPFGWTMTGW\ OKV 5VGTP )QNF VGKNYGKUG GOCKNNKGTV MNGKPGT %JKRR KP FGT DNCWGP 'OCKNNG FGU <GPVTWOU ¯ LQWT IGHCUUVG )NCUUVGKPG CWH FGP -TGW\CTOGP %#. XCT *'1 -.'0 XCT 1#0 XCT 2')7 XCT 24+$# 1 $ 27'0 5 XCT 8'40 XCT <'+ 44 +p++

*ÌEJUVG #PHGTVKIWPIUSWCNKV·V FGT (KTOC %GLCNXQ KP /CFTKF CWU FGP GT ,CJTGP

1TFGP HÒT 8GTFKGPUVG WO FKG 6GNGMQOOWPKMCVKQP /QFGNN -NGKPQF \WO )TQ­UVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÒEM 2')7 C 24+$# 1 $ 8'40 <'+ ++

/KNKV·TXGTFKGPUVQTFGP WPF /QFGNN 9GK­G #DVGKNWPI -TGW\ -NCUUG CD -TGW\ -NCUUG #WUHÒJTWPI OKV DGYGINKEJGT -TQPG CD XGTIQNFGV WPF GOCKNNKGTV &C\W 8GTFKGPUVMTGW\ FGT .WHVYCHHG .WHVYCHHGP 8GTFKGPUVQTFGP WPF /QFGNN -TGW\ -NCUUG CD -TGW\ -NCUUG XGTIQNFGV WPF GOCKNNKGTV UQYKG -TKGIUMTGW\ /QFGNN

-TGW\ HÒT /CPPUEJCHVGP XGTIQNFGV VGKNYGKUG XGTUKNDGTV ,GYGKNU CP $·PFGTP OKV 6TCIGURCPIG %#. %/' XCT *'1 -.'0 1#0 5 0T 2')7 24+$# 1 1 1 27'0 5 5 5 8'40 <'+ 5VÒEM ++

/GJFCWKC 1TFGP /QFGNN ! OKV *CNDOQPF WPF 5VGTP KP FGP 5VGTPURKV\GP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGP UVÒEM WPF $TWUVUVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV %#. *'1 -.'0 1#0 2')7 XCT XCT 24+$# 1 $ 27'0 5 XCT 8'40 <'+ ++

&GT 1TFGP IGUVKHVGV YWTFG HÒT 8GTFKGPUVG KO 2TQVGMVQTCV /CTQMMQ DKU XGTNKGJGP 5EJÌPGT 5GV CWU FGT <GKV PCEJ FGO <YGKVGP 9GNVMTKGI

189

7876

7877

7879

7878

7882 7880

7881

7884

7883

/KNKV·TKUEJGT 1TFGP XQP #NE±PVCTC &GMQTCVKQP FGT 4KVVGT 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF %#. %/' *'1 -.'0 XCT 1#0 5 2')7 24+$# 1% 27'0 8'40 <'+ ++

/KNKV·TKUEJGT 1TFGP 7PUGTGT .KGDGP (TCW XQP /QPVGUC &GMQTCVKQP FGT 4KVVGT PGWGTGU /QFGNN 5KNDGT XGTIQNFGV WPF GOCKNNKGTV %#. %/' *'1 -.'0 1#0 5 2')7 24+$# 1% 27'0 8'40 <'+ ++

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV *KLQUFCNIQ FGU #FGNU XQP /CFTKF &GMQTCVKQP FGT 4KVVGT 5KNDGT XGTIQNFGV GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG 2')7 24+$# %0 27'0 5 ++

#PHGTVKIWPI CWU FGP GT ,CJTGP

-ÌPKINKEJG -QTRQTCVKQP FGT 4KVVGTUEJCHV *KLQUFCNIQ FGU #FGNU XQP /CFTKF &GMQTCVKQP FGT &COGP 5KNDGT XGTIQNFGV GOCKNNKGTV CP &COGPUEJNGKHG 2')7 24+$# %0 27'0 5 ++

#PHGTVKIWPI CWU FGP GT ,CJTGP

5RCPKUEJGU 4QVGU -TGW\ /GFCKNNG -NCUUG XQO 4QVGP -TGW\ /QFGNN XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG %#. XCT -.'0 1#0 2')7 XCT 24+$# #51 27'0 5 XCT 8'40 <'+ ++

8CTKCPVG 6TCIGYGKUG CO $TWUVDCPF

190

5RCPKUEJGU 4QVGU -TGW\ )QNFGPG /GFCKNNG HÒT 8GTFKGPUVG KO 5RCPKUEJGP $ÒTIGTMTKGI XQP DKU XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG %#. XCT 2')7 XCT 24+$# #51 27'0 5 8'40 ++

1TFGP HÒT 8GTFKGPUVG WO FCU 5VTCHYGUGP /¾TKVQ 2GPKVGPEKCTKQ /QFGNN )QNFGPG /GFCKNNG $TQP\G XGTIQNFGV WPF GOCKNNKGTV CP *CNUMQTFGN &C\W )QNFGPG /GFCKNNG FGT 5VCFV /GNKNNC HÒT /GPUEJNKEJMGKV 5KNDGT VGKNYGKUG XGTIQNFGV OKV HGKPUVGT 'OCKNNKGTWPI CP 6TCIGMQTFGN 2')7 H 24+$# '' 27'0 5 5VÒEM ++

#WU\GKEJPWPI HÒT 6TGWG &KGPUVG KP FGT 5RCPKUEJGP 8GTYCNVWPIU )GYGTMUEJCHV )QNFGPGU -TGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG \WUCOOGP OKV -PQRHNQEJCD\GKEJGP KO 1TK IKPCNGVWK %#. 2')7 24+$# '' 27'0 8'40 4 +

'TKPPGTWPIUOGFCKNNG HÒT FKG URCPKUEJGP (TGKYKNNKIGP KO -CORH IGIGP FGP $QNUEJGYKUOWU $NCWG &KXKUKQP &GWVUEJG #PHGTVKIWPI <KPM DTQP\KGTV CO $CPF OKV 6TCIGURCPIG (14/ C *#46 *ª5- 0+'/ 1'- %#. %/' 2')7 24+$# ' 27'0 8'40 ++

7889

7886 1:1

7885

7887

7890

+HPK 5CJCTC 'KPUCV\OGFCKNNG 'OCKNNKGTVG /GFCKNNG HÒT 1HHK\KGTG XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG %#. %/' 2')7 24+$# '' 8'40 ++

5GJT FGMQTCVKXG /GFCKNNG

5'%*56'5 -¤0+)4'+%* 5'+6

1TFGP XQO )QNFGPGP 8NKGU /KPKCVWT FGT 1TFGPMQNNCPG OKV -NGKPQF 5KNDGT XGTIQNFGV VGKNYGKUG GOCKN NKGTV CP 6TCIGURCPIG 4 +p++

*ÒDUEJG MNGKPG /KPKCVWTMQNNCPG FGU JÌEJUVGP DGFGWVGPUVGP WPF IGUEJKEJVUVT·EJVKIUVGP 1TFGP 5RCPKGP

-ÌPKINKEJGT WPF /KNKV·TKUEJGT 1TFGP FGU JN *GTOGPGIKNFQ /QFGNN UGKV -TGW\ XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 6TCIGURCPIG %#. XCT %/' -.'0 XCT 1#0 XCT 24+$# 1 8'40 <'+ XCT ++

*GTXQTTCIGPFG #PHGTVKIWPI CWU FGT #PHCPIU\GKV FGT 4GIKGTWPI -ÌPKI ,WCP %CTNQU +

5RCPKUEJGU 4QVGU -TGW\ -QPXQNWV XQP XGTUEJKGFGPGP #WU\GKEJPWPIGP FGU (ÒPHVGP -ÌPKITGKEJGU

FGT <YGKVGP 4GRWDNKM FGT (TCPEQ 4GIKGTWPI WPF FGU 5GEJUVGP -ÌPKITGKEJU UGKV KP WPVGTUEJKGFNKEJGP /GVCNNGP VGKNYGKUG GOCKNNKGTV CP $·PFGTP WPF KP WPVGT UEJKGFNKEJGP 'TJCNVWPIGP &C\W PQEJ GKP GOCKNNKGTVGU #D\GKEJGP CP 0CFGN 27'0 5 W

5VÒEM +p++ ++

5ª&#(4+-#

7PDGMCPPVG 5ÒFCHTKMCPKUEJG #WU\GKEJPWPI DGUVGJGPF CWU FGO 9CRRGP FGT <WKF #HTKMCCPUEJG 4GRWDNKGM \W $GIKPP FGU , 5KNDGT GOCKNNKGTV OGJTGTG 'OCKNNGUEJ·FGP CWH FGT 4ÒEMUGKVG OGJTHCEJ RWP\KGTV CO $CPF +++

57&#0

'JTGP 1TFGP $TWUVUVGTP FGT GTUVGP -NCUUG 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CP 0CFGN 41(( 5

4 +p++

5GJT UEJÌP IGCTDGKVGVGT OQFGTPGT 1TFGPUUVGTP YKG CNNG UWFCPGUKUEJGP #WU\GKEJPWPIGP UGJT UGNVGP

191

7895

7894

7892

7893

7891

1TFGP FGT DGKFGP 0KNG -QOOCPFGWTUFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO *CNU DCPFCDUEJPKVV 1#0 41(( 5 ++

6*#+.#0&

&WUJFK /CNC /GFCKNNG 5KNDGT CP 6TCIGURCPIG QJPG $CPF KO 1TKIKPCNGVWK $.#6* 6*# 5 4 ++

/GFCKNNG HÃ&#x2019;T JGTXQTTCIGPFGP )TGP\FKGPUV $TQP\G XGTIQNFGV CP 6TCIGURCPIG $.#6* 6*#+ ++

61)1

/QPQ 1TFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\FGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 41(( 6CHGN XCT 4 +p++

65%*#&

192

0CVKQPCNQTFGP )TQ­MTGW\UGV DGUVGJGPF CWU )TQ­MTGW\ XGTIQNFGV WPF GOCKNNKGTV QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 1#0 41(( 6CHGN XCT 5VÃ&#x2019;EM ++

7898 1:1 7897

7896

65%*'%*15.19#-'+ '456' 4'27$.+-

1TFGP FGU 9GK­GP .ÌYGP /QFGNN <KXKNG #DVGKNWPI -QOOCPFGWTUFGMQTCVKQP 5KNDGT VGKNYGKUG XGTIQNFGV GOCKNNKGTV CO *CNUDCPFCDUEJPKVV *'1 XCT -.'0 1#0 XCT 27. I XCT 4#/ 5 57-' 8'40 <'+ ++

1TFGP FGU 9GK­GP .ÌYGP /QFGNN OKNKV·TKUEJG #DVGKNWPI 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 4QUGVVG *'1 XCT -.'0 1#0 4#/ 5 57-' 8'40 <'+ 4 ++

/KNKV·TQTFGP XQO 9GK­GP .ÌYGP (ÒT FGP 5KGI 5VGTP -NCUUG 5KNDGT VGKNYGKUG GOCKNNKGTV GOCKN NKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC -CTPGVG -[UGN[ KP 2TCI CP 0CFGN FKGUG OGJT HCEJ RWP\KGTV *'1 XCT 1#0 5 27. D 4#/ 5 57-' 8'40 <'+

44 +p++

7899

7900 7901

/KNKV·TQTFGP XQO 9GK­GP .ÌYGP (ÒT FGP 5KGI 1TFGPUMTGW\ 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF *'1 1#0 5 27. E 4#/ 57-' 8'40 <'+

4 ++

(CNMGP 1TFGP CWEJ 5VGHCPKM 1TFGP 1TFGPUFGMQTCVKQP OKV 5EJYGTVGTP XGTIQNFGV WPF GOCKNNKGTV CO $CPF -.'0 1#0 4#/ 5 57-' 8'40 <'+ ++

#WU\GKEJPWPI HÒT #PIGJÌTKIGP FGT 0CVKQPCNGP 4GXQNWVKQPUVTWRRGP DKU XQP $TÒPP KP $TQP\G #O $CPF %'58+$ 4 ++

193

7903

7902

81.-54'27$.+-

1TFGP FGT 4QVGP #TDGKVUHCJPG /QFGNN 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKP 1DGTHN·EJGPEJKRR CWH FGT 4Ã&#x2019;EMUGKVG OGJTHCEJ RWP\KGTV WPF /CVTKMGNPWOOGT 1#0 27.

57-' <'+ ++

670'5+'0

4'27$.+-

1TFGP FGT 4GRWDNKM /QFGNN )TQ­QHHK\KGTUUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP XGTUKNDGTV WPF VGKNYGKUG GOCKNNKGTV 6TCIGTKPI RWP\KGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTUKNDGTV VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 41(( 5 5VÃ&#x2019;EM +p++

7904 7905 1:1

15/#0+5%*'5 4'+%*

194

6ª4-'+

1UOCPKLG 1TFGP $TWUVUVGTP -NCUUG 5KNDGT #WHNCIGP XGTIQNFGV WPF GOCKNNKGTV MCWO UKEJVDCTGT 4K­ KP FGT ITÃ&#x2019;PGP WPF #DURNKVVGTWPI KP FGT TQVGP 'OCKNNG &WTEJOGUUGT OO CP 0CFGN '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++p+++

1UOCPKLG 1TFGP &GMQTCVKQP FGT -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OGJTGTG #D URNKVVGTWPIGP KP FGT ITÃ&#x2019;PGP 'OCKNNG &WTEJOGUUGT OO CO CNVGP *CNUDCPF '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++p+++

7906

7908

1UOCPKLG 1TFGP &GMQTCVKQP FGT -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV OGJTGTG #D URNKVVGTWPIGP KP FGT ITÃ&#x2019;PGP 'OCKNNG &WTEJOGUUGT OO CO CNVGP *CNUDCPFCDUEJPKVV '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++p+++

1UOCPKLG 1TFGP &GMQTCVKQP FGT WPF -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV \CJNTGK EJG #DURNKVVGTWPIGP KP FGT ITÃ&#x2019;PGP 'OCKNNG &WTEJOGUUGT OO CO $CPF '4ª 5 /ª<' XCT 1#0 4#/ 5 8'40 ++p+++

/GFLKFLKG 1TFGP &GMQTCVKQP -NCUUG 5KNDGT TGRGTEKGTV #WHNCIGP )QNF *CNDOQPF 5KNDGT XGTIQNFGV GOCKNNKGTV $CPFTKPI )QNF &WTEJOGUUGT OO QJPG 5EJWNVGTDCPF '4ª 5 /ª<' XCT 1#0 4#/ 5 8'40 ++

7909

7907

7910

7911

/GFLKFLKG 1TFGP $TWUVUVGTP -NCUUG 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV MNGKPGT 'OCKNNG UEJCFGP &WTEJOGUUGT OO CWH FGT 4Ã&#x2019;EMUGKVG QUOCPKUEJG *GTUVGNNGTDG\GKEJPWPI CP 0CFGN '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++

/GFLKFLKG 1TFGP &GMQTCVKQP -NCUUG 5KNDGT TGRGTEKGTV #WHNCIGP )QNF *CNDOQPF 5KNDGT XGTIQNFGV GOCKNNKGTV &WTEJOGUUGT OO CWH FGT 4Ã&#x2019;EMUGKVG QUOCPKUEJG *GTUVGNNGTDG\GKEJPWPI CO *CNUDCPFCD UEJPKVV '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++

/GFLKFLKG 1TFGP &GMQTCVKQP -NCUUG 5KNDGT #WHNCIGP )QNF *CNDOQPF 5KNDGT XGTIQNFGV GOCKNNKGTV &WTEJOGUUGT OO CWH FGT 4Ã&#x2019;EMUGKVG QUOCPKUEJG *GTUVGNNGTDG\GKEJPWPI QJPG $CPF '4ª 5 /ª<' 1#0 4#/ 5 8'40 ++

195

7913 1.1 7912 7914 1:1

/GFLKFLKG 1TFGP &GMQTCVKQP -NCUUG 5KNDGT #WHNCIGP )QNF *CNDOQPF 5KNDGT XGTIQNFGV GOCKNNKGTV MCWO UKEJVDCTGT 'OCKNNGCWUDTWEJ &WTEJOGUUGT OO CWH FGT 4ÒEMUGKVG QUOCPKUEJG *GTUVGNNGTDG \GKEJPWPI CO $CPF '4ª 5 /ª<' XCT 1#0 4#/ 5 8'40 ++

/GFLKFLKG 1TFGP /KPKCVWT 5KNDGT #WHNCIGP WPF *CNDOQPF )QNF VGKNYGKUG GOCKNNKGTV OKP 'OCKNNG CDURNKVVGTWPI KO *CNDOQPF 6WIJTC XGTFTGJV &WTEJOGUUGT OO CO $·PFEJGP XIN '4ª 5 XIN /ª<' 1#0 4#/ 5 ++

0KUJCP 5JGHMCV 1TFGP $TWUVUVGTP -NCUUG 5KNDGT )QNF GOCKNNKGTV &KCOCPV WPF 4WDKPTQUGP PKEJV IGRTÒHV 5KOKNKUVGKPG OKV GEJV IQNFGPGO 0CFGNU[UVGO '4ª 5 /ª<' 8'40 44 +

5GJT UGNVGPGT QUOCPKUEJGT &COGPQTFGP KP ÒDGTCWU RTCEJVXQNNGT )GUVCNVWPI &KG ITÌ­VGP &KCOCPVGP YWTFGP \GKVIGPÌU UKUEJ FWTEJ 5KOKNKUVGKPG GTUGV\V

7915

7916

7917

7918

.K[CMCV /GFCKNNG 5KNDGT IGNQEJV CP $CPFTCJG OKV $QIGPDCPF FGWVUEJGT 6TCIGYGKUG OKV 5EJYGTVGT URCPIG '4ª 5 2'4' 8'40 ++

1UOCPKUEJG 2T·IWPI

/GFCKNNG HÒT FGP 5[TKGP (GNF\WI #MMC /GFCKNNG $TQP\G CO $CPF '4ª 5 /;$ 2'4' 4#/ 5 52+0- 8'40 )4$ ++

&KGUG /GFCKNNG YWTFG CWEJ CP DTKVKUEJG 6TWRRGPCPIGJÌTKIG #TOGG WPF /CTKPG XGTNKGJGP

196

-TKO -TKGIU /GFCKNNG #WUHÒJTWPI HÒT FKG RKGOQPVGUKUEJGP 6TWRRGP 5KNDGT QJPG 6T·IGTPCOGP CO $CPF #54 $174& $ $4# $$/ '4ª 5 /;$ 2'4' 4#/ 5 52+0- 8'40 )4$ ++p

-TKO -TKGIU /GFCKNNG #WUHÒJTWPI HÒT FKG RKGOQPVGUKUEJGP 6TWRRGP 5KNDGT OKV 6T·IGTPCOGP , )#)*#0 4')6 CO $CPF #54 $174& $ $4# $$/ '4ª 5 /;$ 2'4' 4#/ 5 52+0- 8'40 )4$ ++p

-TKO -TKGIU /GFCKNNG #WUHÒJTWPI HÒT FKG RKGOQPVGUKUEJGP 6TWRRGP 5KNDGT QJPG 6T·IGTPCOGP CO $CPF #54 $174& $ $4# $$/ '4ª 5 /;$ 2'4' 4#/ 5 52+0- 8'40 )4$ ++

7920

7921

7922

7924

7925

/GFCKNNG HÒT FKG 8GTVGKFKIWPI XQP -CTU 5KNDGT FWTEJDQJTV OKV 6TCIGTKPI CO $CPF $$/ '4ª 5 2'4' 8'40 ++

-TKGIUOGFCKNNG 5Q IGPCPPVGT 'KUGTPGT *CNDOQPF QFGT )CNNKRQNK 5VCT XGTUKNDGTV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI $ $ %Q CP 0CFGN '4ª 5 1#0 4#/ 5 8'40 ++

&GWVUEJG #PHGTVKIWPI

1UOCPKUEJGT 4QVGT *CNDOQPF 5KNDGTPG /GFCKNNG XQO 4QVGP *CNDOQPF 5KNDGT VGKNYGKUG GOCKNNKGTV CO $CPF OKV GOCKNNKGTVGT 6TCIGURCPIG KO 1TKIKPCNGVWK $TQP\GPG /GFCKNNG XQO 4QVGP *CNDOQPF VGKNYGKUG GOCKNNKGTV CO $CPF OKV GOCKNNKGTVGT 6TCIGURCPIG '4ª 5 2'4' 8'40 5VÒEM ++

1UOCPKUEJGT 4QVGT *CNDOQPF 5KNDGTPG /GFCKNNG XQO 4QVGP *CNDOQPF 5KNDGT VGKNYGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV WPF 5+.$'4 CO MWT\GP $CPFCDUEJPKVV '4ª 5 2'4' 8'40 ++

&GWVUEJG #PHGTVKIWPI

+&+ #/+0 &+-6#674

7)#0&#

1TFGP HÒT JGTXQTTCIGPFG 8GTFKGPUVG &KUVKPIWKUJGF 5GTXKEG 5KNDGT XGTIQNFGV CO $CPF OKV 6TCIG URCPIG FGT (KTOC 5RKPM 5QP KP .QPFQP 1#0 4#/ 41(( 5 44 ++

&KG JÌEJUVG OKNKV·TKUEJG #WU\GKEJPWPI FGT #OKP &KMVCVWT

/KNKV·T -TGW\ 5KNDGT CO $CPF OKV 6TCIGURCPIG &C\W FKG /GFCKNNG FGT 4GRWDNKM 7ICPFC HÒT CWUIG \GKEJPGVGP &KGPUV CO $CPF OKV 6TCIGURCPIG 1#0 41(( 5 5VÒEM +

7926

7928

7929

7-4#+0' 7-4#+0+5%*' ':+.#75<'+%*070)'0

)CNK\KGP -TGW\ FGT 7MTCKPKUEJGP )CNK\KGP #TOGG $TQP\G XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG PWOOGTKGTV CO HCNUEJGP $CPF 5'/1 ++

)CNK\KGP -TGW\ FGT 7MTCKPKUEJGP )CNK\KGP #TOGG $TQP\G GOCKNNKGTV CWH FGT 4ÒEMUGKVG PWOGTKGTV CO $CPF 5'/1 ++

/GFCKNNG \WO ,CJTGUVCI FGT 7PCDJ·PIKIMGKV FGT 7MTCKPG KO ,CJTG $TQP\G CO HCNUEJGP $CPF 5'/1 ++

'456' 4'27$.+-

70)#40

$GHTGKWPIUOGFCKNNG -TKGIUOGVCNN CO $CPF 0+//¤ 241 8'40

++

197

7930 1:1

6+67.#4-¤0+)4'+%*

8GTFKGPUVQTFGP 5GV FGU )TQ­MTGW\GU OKV FGT *GKNKIGP -TQPG DGUVGJGPF CWU )TQ­MTGW\ )QNF GOCKN NKGTV QJPG 5EJWNVGTDCPF WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV #WHNCIGP )QNF GOCKNNKGTV CP 0CFGN -.'0 /#- 0+//¤ 1#0 XCT 241 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM 44 +

5GJT UGNVGPGT 5GV

7932 7931

198

8GTFKGPUVQTFGP $TWUVUVGTP \WO )TQ­MTGW\ D\Y \WT -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV OKP #DURNKVVGTWPIGP KP FGT ITÃ&#x2019;PGP 'OCKNNG FGU .QTDGGTMTCP\GU &WTEJOGUUGT OO CP 0CFGN -.'0 /#- 0+//¤ 1#0 241 4#/ 5 8'40 <'+ ++p

8GTFKGPUVQTFGP 5GV \WO -QOOCPFGWT OKV 5VGTP DGUVGJGPF CWU -QOOCPFGWTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNUDCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN -.'0 /#- 0+//¤ 1#0 241 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM +p++

7933

7934 1:1

7934 1:1

$ª4)'4.+%*' 4'27$.+-

8GTFKGPUVQTFGP /QFGNN )QNFGPG 8GTFKGPUVOGFCKNNG XGTIQNFGV CO &TGKGEMUDCPF -.'0 /#- 0+//¤ 1#0 8'40 <'+ ++

8#6+-#0 70& -+4%*'056##6

1TFGP FGT )QNFGPGP /KNK\ QFGT XQO )QNFGPGP 5RQTP 1TFGPUMTGW\ FGT OKNKV·TKUEJGP 1TFGPUTKVVGT )QNF GOCKNNKGTV OGJTGTG QDGTHN·EJNKEJG 'OCKNNGCDRNCV\WPIGP CWH FGT 4ÒEMUGKVG OKP )QNFCWUDTWEJ CP GKPGO -TQPGPDÒIGN QJPG $CPF %#4& %*#/2 5 &74 -.'0 1#0 5 4#/ 5 8'40 <'+ 44 +p++ ++p+++

5GJT UGNVGPGU 'ZGORNCT YQJN GKPGU HTCP\ÌUKUEJGP OKNKV·TKUEJGP 1TFGPUTKVVGTU KP HGKPGT #PHGTVKIWPIUSWCNKV·V WO

7935

1TFGP FGU JN 5[NXGUVGTU WPF XQO )QNFGPGP 5RQTP /QFGNN EC MGKPG YGK­G 'OCKNNG CWH FGT 4ÒEMUGKVG -QOOCPFGWTMTGW\ CNU -QNNCPGPMNGKPQF )QNF VGKNYGKUG HGKPUV \KUGNKGTV GOCKNNKGTV OGJTGTG 'OCKNNGTKUUG CWH GKPGO -TGW\CTO QJPG -QNNCPG %#4& %*#/2 5 &74 -.'0 1#0 4#/ 8'40 <'+ ++p

5GJT FÒPP IGCTDGKVGVGU 'ZGORNCT FCU MWT\ PCEJ FGT 5VKHVWPI WO GPVUVCPFGP KUV

199

7936

1TFGP FGU JN 5[NXGUVGTU WPF XQO )QNFGPGP 5RQTP /QFGNN EC MGKPG YGK­G 'OCKNNG CWH FGT 4Ã&#x2019;EMUGKVG -QOOCPFGWTMTGW\ )QNF GOCKNNKGTV 'OCKNNGEJKRR CWH FGO WPVGTGP -TGW\CTO CWH FGT 4Ã&#x2019;EMUGKVG WPF CWH FGO $CPFTKPI *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6CPHCPK KP 4QO CO CNVGP *CNU DCPF %#4& %*#/2 5 &74 -.'0 1#0 4#/ 8'40 <'+ ++p+++

5R·VG #PHGTVKIWPI FGU /QFGNNU WO

7937

1TFGP FGU JN )TGIQT FGU )TQ­GP /QFGNN UGKV EC DGKFUGKVKI GOCKNNKGTV )TQ­MTGW\UGV FGT \KXKNGP #DVGKNWPI DGUVGJGPF CWU )TQ­MTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG FGU .QTDGGTMTCP\GU *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6CPHCPK WPF $GTVCTGNNK KP 4QO UQYKG $WEJUVCDG # HÃ&#x2019;T 5KNDGT OKV EC EO NCPIGO 5EJ·TRGPUVÃ&#x2019;EM WPF $TWUVUVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG GDGPHCNNU *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 6CPHCPK WPF $GTVCTGNNK UQYKG $WEJUVCDG # HÃ&#x2019;T 5KNDGT CP 0CFGN %#4& 6CHGN +8 %*#/2 5 HH &74 6CHGN 8+ *'1 XCT -.'0 1#0 4#/ 5 8'40 <'+ 5VÃ&#x2019;EM +p++

7938

1TFGP FGU JN ,QJCPPGU XQO .CVGTCP 1TFGPUMTGW\ )QNF GOCKNNKGTV QJPG $CPF -.'0 8'40 <'+ 8QP ITQ­GT 5GNVGPJGKV ++ 5GJT UGNVGPGU KP JGTXQTTCIGPFGT 3WCNKV·V WO EC IGHGTVKIVGU 'ZGORNCT FGU FWTEJ 2CRUV 2KWU +8 IGUVKHVGVGP GKPMNCUUKIGP 1TFGPU FGT DKU KP FKG GT ,CJTG FGU ,CJTJWPFGTVU XGTNKGJGP YQTFGP KUV

200

7939

7940

7941

4KVVGTQTFGP XQO *GKNKIGP )TCD \W ,GTWUCNGO /QFGNN QJPG -TQPG QFGT 6TQRJ·G 4KVVGTMTGW\ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF %*#/2 5 1#0 5 2'4) 5 8'40 ++

4KVVGTQTFGP XQO *GKNKIGP )TCD \W ,GTWUCNGO WPF /QFGNN UGKV *GTTGPFGMQTCVKQPGP OKV 6TQRJ·G -QOOCPFGWTMTGW\ HÒT *GTTGP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV %#4& 6CHGN :++ %*#/2 5 XCT &74 6CHGN :8+ *'1 5 -.'0 1#0 5 2'4) 5 8'40 <'+ ++

NVGTG #PHGTVKIWPI

*QJGU /GVTQRQNKVCPMCRKVGN \W /CTUGKNNG -TGW\ FGT -CRKVWNCTG DGUVGJGPF CWU GKPGO ITQ­GP 5KNDGT XGTIQNFGVGP WPF TQV GOCKNNKGTVGO XQP GKPGT -TQPG ÒDGTJÌJVGP ,GTWUCNGOMTGW\ OGJTGTG 'OCKNNG URTÒPIG CWH FGT 4ÒEMUGKVG 'OCKNNGTGRCTCVWT *ÌJG OO $TGKVG OO CO NCPIGP CNVGP *CNUDCPF HÒT )GKUVNKEJG 1#0 4 +++

&KG +PUKIPKGP FGU *QJGP &QOMCRKVGNU \W /CTUGKNNG INGKEJGP FGPLGPKIGP FGU 4KVVGTQTFGPU XQO *GKNKIGP )TCDG UKPF LGFQEJ XQP GKPGT MÌPKINKEJGP -TQPG ÒDGTJÌJV FKG FKG +PUKIPKGP FGU )TCDGU 1TFGPU UGKV PKEJV OGJT \GKIV

YKGYQJN GU CWEJ JKGT DKU \WO 'PFG FGU ,CJTJWPFGTVU PKEJV CWVQTKUKGTVG #DYGKEJWPIGP IKDV

7943

7942

7944

5VGTP FGT 2·RUVNKEJGP 6KDGTKUEJGP #MCFGOKG $TWUVUVGTP ITÌ­GTG #WUHÒJTWPI XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN %*#/2 5 4 ++

$GPGOGTGPVK -TGW\ HÒT 8GTFKGPUVG WO FCU *GKNKIG ,CJT )QNFGPGU -TGW\ ++ -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF %*#/2 5 4 +p++

)QNFGPG $GPGOGTGPVK /GFCKNNG HÒT 8GTFKGPUVG WO FCU *GKNKIG ,CJT 5KNDGT RWP\KGTV XGTIQN FGV CO $CPF OKV 6TCIGURCPIG KO 1TKIKPCNGVWK %#4& 6CHGN 8+ XCT &74 6CHGN 8+++ XCT ++

0CEJ %JCORXCPU QJPG 3WGNNGPCPICDG YWTFG FKGUGU -TGW\ CP 2GTUQPGP WPF )TWRRGP CWU CNNGT 9GNV XGTIGDGP

201

7945

7948 1:1 7946

7947

7949 1:1

'TKPPGTWPIUOGFCKNNG CP FGP (GNF\WI XQP 5KNDGTPG /GFCKNNG $TQP\G XGTUKNDGTV QJPG $CPF #54 $4# $174& # *';&+6 %*#/2 5 ++

%CUVGNHKFCTFQ /GFCKNNG #WUHÒJTWPI HÒT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP CWU -WRHGT 0KEMGN CO $CPF #54 $4# $174& % *';&+6 %*#/2 5 8'40 ++

&KG /GFCKNNG YWTFG XQTYKGIGPF CP HTCP\ÌUKUEJG WPF ÌUVGTTGKEJKUEJG #WZKNKCTVTWRRGP XGTNKGJGP

/GPVCPC -TGW\ #WUHÒJTWPI HÒT 7PVGTQHHK\KGTG WPF /CPPUEJCHVGP CWU -WRHGT 0KEMGN CO $CPF #54 / $4# $174& $ &'. *';&+6 %*#/2 5 8'40 ++

&CU -TGW\ YWTFG XQTYKGIGPF CP HTCP\ÌUKUEJG WPF ÌUVGTTGKEJKUEJG #WZKNKCTVTWRRGP XGTNKGJGP

/KPKCVWTGPURCPIG OKV #WU\GKEJPWPIGP )QNFGPGU 'JTGPMTGW\ 2TQ 'EENGUKC GV 2QPVGHKEG /Q FGNN DKU EC 5KNDGT XGTIQNFGV )QNFGPG $GPGOGTGPVK /GFCKNNG HÒT 8GTFKGPUVG WO FCU <YGKVG 8CVKMCPKUEJG -QP\KN DKU 5KNDGT XGTIQNFGV 4 ++

5GNVGPG WPF IGVTCIGPG /KPKCVWTGPURCPIG GKPGU )GPVKNWQOQ FK 5WC 5CPVKV± 'FGNOCPPU 5GKPGT *GKNKIMGKV

/KPKCVWTGPURCPIG GKPGU (GNFYGDGNU FGT 2·RUVNKEJGP 5EJYGK\GTICTFG OKV XKGT #WU\GKEJPWPIGP 5V 5[NXGUVGTQTFGP 4KVVGTMTGW\ 5KNDGT XGTIQNFGV WPF GOCKNNKGTV 'JTGPMTGW\ 2TQ 'EENGUKC GV 2QPVG HKEG /QFGNN 6[R 2CWN 8+ DKU 5KNDGT XGTIQNFGV $GPGOGTGPVKOGFCKNNG /QFGNN 6[R 2CWN 8+ DKU 5KNDGT XGTIQNFGV 5KNDGTPG $GPGOGTGPVKOGFCKNNG HÒT 8GTFKGPUVG WO FCU #W­GTQTFGPVNKEJG *GKNKIG ,CJT FGT 'TNÌUWPI 5KNDGT ,GYGKNU RWP\KGTV 4 ++

5GNVGPG WPF IGVTCIGPG /KPKCVWTGPURCPIG

-- 7950 -7951

8'0'<7'.#

1TFGP FGT $ÒUVG $QNKXCTU )TQ­QHHK\KGTUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV OKP 'OCKNNGCWUDTWEJ CO *CNUDCPF WPF $TWUVUVGTP 5KNDGT VGKNYGKUG GOCKN NKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC (C[QNNG KP 2CTKU CP 0CFGN )+..5# 5 1#0 5VÒEM ++

*GTXQTTCIGPFG #PHGTVKIWPI XQO $GIKPP FGU ,CJTJWPFGTVU

202

1TFGP FGT $ÒUVG $QNKXCTU -QOOCPFGWTUFGMQTCVKQP 5KNDGT XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO *CNUDCPF )+..5# 5 1#0 ++

7952

7953

1TFGP (TCPEKUEQ FG /KTCPFC )TQ­QHHK\KGTUGV DGUVGJGPF CWU )TQ­QHHK\KGTUMTGW\ XGTIQNFGV WPF VGKN YGKUG GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC /G[GT KP 0GY ;QTM CP 0CFGN 1#0 5VÃ&#x2019;EM +p++ 1TFGP (TCPEKUEQ FG /KTCPFC 4KVVGTMTGW\ XGTIQNFGV WPF VGKNYGKUG GOCKNNKGTV CO $CPF 1#0

+P FGP WPVGTGP -NCUUGP MQOOV FGT 1TFGP YGKVCWU UGNVGPGT XQT CNU KP FGP QDGTGP

7954 7957 7955

8'4'+0+)6' 56##6'0 810 #/'4+-#

)QNFGPG .GDGPUTGVVWPIUOGFCKNNG FGU 2T·UKFGPVGP )QNF &WTEJOGUUGT OO CWH FGT 8QTFGTUGKVG 24'5'06'& $; 6*' 24'5+&'06 1( 6*' 70+6'& 56#6'5 CWH FGT 4Ã&#x2019;EMUGKVG 9KFOWPIUITC XWT 61 /#6*'9 *1+.' QH VJG &'#. .+('$1#6 %*#4.'5 &+$&'0 KP TGEQIPKVKQP QH JKU JG TQKE UGTXKEGU KP GHHGEVKPI VJG TGUEWG CV UGC QP LCPWCT[ QH VJG OCUVGT CPF ETGY QH VJG #/'4+%#0 56'#/5*+2 2+#8' CP GEJV IQNFGPGT 6TCIGURCPIG 44 +p++

.GIKQP QH /GTKV -QOOCPFGWTUFGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG FGU $CPFTKPIU GKPIGUEJNCIGPG /CVTKMGNPWOOGT CO IGP·JVGP *CNUDCPF $1$4 (1$1 XCT -'44 5 1#0 4#/ 5 564$' 5 W 8'40 4 ++

9QJN XGTNKGJGPGU 'ZGORNCT

.GIKQP QH /GTKV -QOOCPFGWTUFGMQTCVKQP XGTIQNFGV WPF GOCKNNKGTV CO IGP·JVGP *CNUDCPF \WUCOOGP OKV +PVGTKO $CPFURCPIG OKV #WHNCIG $1$4 (1$1 XCT -'44 5 1#0 4#/ 5 564$' 5 8'40 +p++

#TO[ &KUVKPIWKUJGF 5GTXKEG /GFCN $TQP\G VGKNYGKUG GOCKNNKGTV KO 4CPF GKPIGUEJNCIGPG /CVTKMGN PWOOGT CO CNVGP GVYCU \GTUEJNKUUGPGP $CPF OKV 6TCIGURCPIG &'. $1$4 (1$1 -'44 5 1#0 4#/ 5 564$' 5 8'40 QFGT 4 ++p+++

8GTNKGJGPGU WPF IGVTCIGPGU 'ZGORNCT HÃ&#x2019;T 'KPUCV\ KO 'TUVGP 9GNVMTKGI

203

7958 7959 7961

#TO[ &KUVKPIWKUJGF 5GTXKEG /GFCN $TQP\G VGKNYGKUG GOCKNNKGTV KO 4CPF GKPIGUEJNCIGPG /CVTKMGN PWOOGT CO CNVGP GVYCU \GTUEJNKUUGPGP $CPF OKV 6TCIGURCPIG &'. $1$4 (1$1 -'44 5 1#0 4#/ 5 564$' 5 8'40 QFGT 4 ++p+++

'DGPHCNNU XGTNKGJGPGU WPF IGVTCIGPGU 'ZGORNCT HÃ&#x2019;T 'KPUCV\ KO 'TUVGP 9GNVMTKGI

/CTKPG &KUVKPIWKUJGF 5GTXKEG /GFCN 8GTIQNFGV WPF VGKNYGKUG GOCKNNKGTV QJPG /CVTKMGNPWOOGT LG FQEJ CP CNVGO $CPF OKV HGUVIGP·JVGT $GHGUVKIWPIURNCVVG $1$4 (1$1 -'44 5 1#0 D 4#/ 5 564$' 5 8'40 QFGT ++

)GVTCIGPGU 'ZGORNCT

-QPXQNWV XQP HÃ&#x2019;PH XGTUEJKGFGPGP #WU\GKEJPWPIGP &CTWPVGT #TO[ &KUVKPIWKUJGF 5GTXKEG %TQUU 2WTRNG *GCTV .GIKQP QH /GTKV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP $·PFGTP FC\W \YGK +PVGTKOURCP IGP FCXQP GKPG /GFCN QH *QPQWT WPF \YGK #D\GKEJGP DGKFG CWH FGT 4Ã&#x2019;EMUGKVG DG\GKEJPGV 56'4.+0) VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV 5VÃ&#x2019;EM ++ %KPEKPPCVK 1TFGP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF $174& $+5* 8'40 ++

&KG %KPEKPPCVK )GUGNNUEJCHV YWTFG DGTGKVU KO ,CJTG XQP )GQTIG 9CUJKPIVQPU 1HHK\KGTUMQTRU IGITÃ&#x2019;PFGV WPF KJT GTUVGT 8QTUKV\GPFGT YWTFG FGT )GPGTCN UGNDUV 'KPG $GFKPIWPI HÃ&#x2019;T FKG #WHPCJOG YCT WPF KUV FGT 0CEJYGKU FGT #DUVCOOWPI XQP GKPGO 1HHK\KGT FGT KO 7PCDJ·PIKIMGKVUMTKGI OKPFGUVGPU FTGK ,CJTG NCPI &KGPUV IGVCP JCV &KG )GUGNNUEJCHV DGUVGJV JGWVG PQEJ WPF JCV PCEJ $KUJQR EC /KVINKGFGT KP FGP 8GTGKPKIVGP 5VCCVGP WPF KP (TCPM TGKEJ 0CEJMQOOGP FGT 1HHK\KGTG FGT 6TWRRGP FGU /CTSWKU FG NC (C[GVVG

ex 7963 7962

#WU\GKEJPWPI FGT 8GVTCPU QH (QTGKIP 9CTU -QOOCPFGWTMTGW\ XGTIQNFGV WPF GOCKNNKGTV OGJTGTG $GUEJ·FKIWPIGP GVYCU XGTUEJOWV\V CO *CNUDCPFCDUEJPKVV $+5* L XCT +++

5ª& 8+'60#/ 4'27$.+-

8+'60#/

5Ã&#x2019;FXKGVPCOGUKUEJG #WU\GKEJPWPIGP /GFCKNNG HÃ&#x2019;T MÃ&#x2019;JPGP &KGPUV WPF (Ã&#x2019;JTGTUEJCHVU /GFCKNNG DGKFG $TQP\G XGTIQNFGV OKV -CNVGOCKNNG CP $·PFGTP $;8+' 5 5 *'.. -.'8+' 5;(1 5VÃ&#x2019;EM ++p 1TKIKPCN UÃ&#x2019;FXKGVPCOGUKUEJG #PHGTVKIWPIGP CWU FGT <GKV FGU 8KGVPCO -TKGIGU

204

7964 1:1

70$'-#006' #75<'+%*070)'0

7PDGMCPPVGT 1TFGP $TWUVUVGTP 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CP 0CFGN FKGU OKV *GTUVGNNGTDG \GKEJPWPI ( 9 416*' WPF 9+'0 UQYKG CNVÌUVGTTGKEJKUEJGT 2WP\KGTWPI 4 ++

)GOGKPJKP YWTFG KP HTÒJGTGP #WMVKQPGP FKGUGT 1TFGP FGO OCNC[UKUEJGP $WPFGUUVCCV ,QJQTG \WIGUEJTKGDGP .GKFGT N·UUV UKEJ FKGUG <WUEJTGKDWPI CWHITWPF FGT XQTJCPFGPGP .KVGTCVWT PKEJV CWHTGEJVGTJCNVGP 1D GU UKEJ JKGTDGK WO GKPGP 1TFGP GKPGU CPFGTGP OCNC[UKUEJGP QFGT KPFQPGUKUEJGP 5WNVCPCVU QFGT GKPGU KPFKUEJGP (ÒTUVGPVWOU JCPFGNV JCV UKEJ CWU FGT GKPUEJN·IKIGP (CEJNKVGTCVWT PKEJV DGNGIGP NCUUGP *GTCNFKUEJ IGUGJGP FGWVGP FKG FTGK *CNDOQPFG CWEJ CWH I[RVGP JKP LGFQEJ IKDV GU CWEJ JKGTHÒT MGKPGTNGK 0CEJYGKU 7PF CWEJ KP FGT .KVGTCVWT ÒDGT FCU #WU\GKEJPWPIUYGUGP FGU 1UOCPKUEJGP 4GKEJGU HKPFGV UKEJ MGKPGTNGK *KPYGKU CWH FKGUGP 5VGTP +PVGTGUUCPVGU (QTUEJWPIUQDLGMV

-- 7965 --

7PDGMCPPVGT 1TFGP )TQ­QHHK\KGTUGV DGUVGJGPF CWU )TQ­QHHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CO *CNUDCPFCDUEJPKVV WPF $TWUVUVGTP 5KNDGT VGKNYGKUG GOCKNNKGTV FKG /QPFURKV\GP VGKNYGKUG XGTDQIGP CP 0CFGN 5VÒEM 4 ++

1D GU UKEJ JKGT WO GKPGP 1TFGP GKPGU OCNC[UKUEJGP QFGT KPFQPGUKUEJGP 5WNVCPCVU QFGT GKPGU KPFKUEJGP (ÒTUVGPVWOU JCPFGNV JCV UKEJ CWU FGT GKPUEJN·IKIGP (CEJNKVGTCVWT PKEJV DGNGIGP NCUUGP

205

7966 7967

7968

ex 7971

7PDGMCPPVGT 1TFGP $TWUV 5VGEMMTGW\ OKV /QPQITCOOGP %4% KP FGP -TGW\YKPMGNP 5KNDGT XGT IQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV 4 +p

*GTXQTTCIGPFG #TDGKV OÌINKEJGTYGKUG CWEJ GKP 4GIKOGPVUCD\GKEJGP HÒT 1HHK\KGTG

7PDGMCPPVG #WU\GKEJPWPI GKPGU 0CVKQPCNGP +PUVKVWVGU FGT 5EJÌPGP -ÒPUVG GKPGU NCVGKPCOGTKMCPK UEJGP .CPFGU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CO $CPF OKV 4QUGVVG +p++

*GTXQTTCIGPFG #PHGTVKIWPI

7PDGMCPPVG #WU\GKEJPWPI 1HHK\KGTUFGMQTCVKQP 5KNDGT XGTIQNFGV OKV GOCKNNKGTVGP /KVVGNOGFCKNNQP OKV FGP $WEJUVCDGP 5.T CO $CPF OKV 4QUGVVG ++

#75. 0&+5%*' -1081.76'

-QPXQNWV XQP EC XGTUEJKGFGPGP GWTQR·KUEJGP #WU\GKEJPWPIGP #D\GKEJGP WPF /GFCKNNGP 8GT UEJKGFGPG /GVCNNG KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP \WOGKUV CP $·PFGTP 5VÒEM ++ ++p+++

-QPXQNWV XQP EC #WU\GKEJPWPIGP CWU ªDGTUGG ªDGTYKGIGPF CWU CHTKMCPKUEJGP WPF CUKCVKUEJGP 5VCCVGP XGTUEJKGFGPG /GVCNNG KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP XQTYKGIGPF CP $·PFGTP

5VÒEM +p++ ++ ++p+++

-QPXQNWV XQP FTGK #WU\GKEJPWPIGP FGU 0CJGP 1UVGPU &CTWPVGT XQP +TCM WPF .KD[GP LGYGKNU XGTIQN FGV WPF GOCKNNKGTV CP 1TKIKPCND·PFGTP 5VÒEM +p++

-QPXQNWV XQP EC #WU\GKEJPWPIUOKPKCVWTGP CWU CNNGT 9GNV ªDGTYKGIGPF CWU GWTQR·KUEJGP 5VCC VGP YKG $GNIKGP )TKGEJGPNCPF 4WO·PKGP WPF 5EJYGFGP CDGT CWEJ CWU ÒDGTUGGKUEJGP .·PFGTP YKG $TCUKNKGP -CPCFC 75# WPF <CKTG 8GTUEJKGFGPG /GVCNNG WPVGTUEJKGFNKEJG 'TJCNVWPIGP VGKNYGKUG CP $·PFEJGP 5VÒEM +p++ ++ ++p+++

-QPXQNWV XQP EC -PQRHNQEJTQUGVVGP 4GXGTUCD\GKEJGP WPF 'KPGT +PVGTKOURCPIGP #WU GWTQR·K UEJGP WPF CW­GTGWTQR·KUEJGP .·PFGTP VGKNYGKUG OKV #WHNCIGP KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP

5VÒEM

-QPXQNWV XQP EC #D\GKEJGP 5VQHHCD\GKEJGP -NGKPVGKNGP GVE 8GTUEJKGFGPG /GVCNNG WPF /CVGTKC NKGP KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP VGKNYGKUG CP 0CFGNP &C\W NGGTG 'VWKU WPF GKPG 'VWK 'KPNCIG 5VÒEM +p++ ++ ++p+++

-QPXQNWV XQP KP WPF CWUN·PFKUEJGP 1TFGPGVWKU &CTWPVGT W C CWU $GNIKGP FGO UQIGP &TKVVGU 4GKEJ +VCNKGP 0KGFGTNCPFG ¤UVGTTGKEJ +P QTFGPVNKEJGT 'TJCNVWPI 5VÒEM ++

)TQ­GU -QPXQNWV %C 5EJWNVGTD·PFGTP 5EJ·TRGP *CNU WPF $TWUVDCPFUVÒEMG CWU &GWVUEJNCPF

XKGN -CKUGTTGKEJ 'WTQRC WPF CWU ªDGTUGG KP WPVGTUEJKGFNKEJGP $TGKVGP WPF .·PIGP

5VÒEM + +p++ ++ ++p+++

+PVGTGUUCPVGU WPF TGKEJ UQTVKGTVGU -QPXQNWV

206

-12+'0 70& 5#//.'4#0('46+)70)'0 &'765%*.#0& +P FGP XGTICPIGPGP ,CJT\GJPVGP JCDGP KOOGT OGJT (·NUEJWPIGP XQTYKGIGPF FGWVUEJGT CDGT CWEJ CWUN·PFKUEJGT 1TFGP \WO 5EJCFGP FGT 5COONGT FGP /CTMV ÒDGTUEJYGOOV 7O GKP FGWVNKEJGU <GKEJGP FCIGIGP \W UGV\GP JCDGP YKT WPU YKG DGTGKVU KO 8QTYQTV CWUIGHÒJTV PCEJ TGKHNKEJGT ªDGTNGIWPI FC\W GPVUEJNQUUGP GKPFGWVKI KFGPVKHK\KGTVG (·NUEJWPIGP KO (QNIGPFGP PKEJV PWT KP GKPGT IGUQPFGTVGP 4WDTKM WPF CNU 5COONGTCPHGTVKIWPI DGUEJTKGDGP CP\WDKGVGP UQPFGTP FKGUG CWEJ OKV CWUFTÒEMNKEJGT 'KPYKNNKIWPI FGU 'KPNKGHGTGTU FWTEJ #PDTKPIWPI GKPGT 2WP\KGTWPI FGU 9QTVGU ō%12;Ō GPINKUEJ HÒT -QRKG CWH FGO LGYGKNKIGP 'ZGORNCT WPGPVHGTPDCT \W MGPP\GKEJPGP FCOKV UKG VCVU·EJNKEJ CWH &CWGT CNU UQNEJG GTMGPP DCT UKPF WPF UQOKV MGKP 5EJCFGP OGJT OKV KJPGP CPIGTKEJVGV YGTFGP MCPP

&KG ªDGTI·PIG KP FKGUGO $GTGKEJ FGT PKEJV ōRTQDGO·­KIGPŌ #PHGTVKIWPIGP UKPF HNKG­GPF WPF UEJYKGTKI \W FGHKPKGTGP &GPPQEJ UQNN KO (QNIGPFGP GKP MWT\GT 8GTUWEJ GKPGT UQNEJGP #DITGP\WI FCTIGNGIV YGTFGP WO FGO 5COONGT GKPG DGUUGTG 'KPQTFWPI \W GTOÌINKEJGP

9GPP UKEJ GKP +PJCDGT GKPGU 1TFGPU \ $ CWU )QNF PQEJ KP FGT 8GTNGKJWPIU\GKV GKP <YGKVGZGORNCT

\ $ CWU 5KNDGT CNU 'TUCV\ QFGT \WT 5EJQPWPI FGU 1TKIKPCNU DGUQTIV JCV URTKEJV OCP XQP GKPGT <YGKVCPHGTVKIWPI &KGUG KUV OGKUV FCTCP \W GTMGPPGP FCUU UKG CWU OKPFGTYGTVKIGTGP /CVGTKCNKGP CNU FKG RTQDGO·­KIGP 1TKIKPCNG JGTIGUVGNNV YQTFGP KUV LGFQEJ OKV 1TKIKPCNYGTM\GWIGP WPF KP FGT INGKEJGP 2T·\KUKQP &KGUG 5VÒEMG UKPF XQO 5COONGT PQTOCNGTYGKUG GKPHCEJ \W GTMGPPGP 9GPP UKG RWP\KGTV UKPF VTCIGP UKG FKG MQTTGMVG 2WP\KGTWPI /CP UQNNVG UKG ITWPFU·V\NKEJ PKEJV CNU ō(·NUEJWPIGPŌ DG\GKEJPGP

9GPP UKEJ GKP +PJCDGT GKPGU 1TFGPU \ $ FGT -CKUGT\GKV PCEJ FGT 8GTNGKJWPIU\GKV CNUQ \ $ KP FGT 9GKOCTGT 4GRWDNKM GKP 'TUCV\GZGORNCT GXVN HÒT GKP XGTNQTGP IGICPIGPGU 5VÒEM DGUQTIV JCV URTKEJV OCP XQP GKPGT 0CEJHGTVKIWPI &KGUG KUV \WOGKUV GDGPHCNNU CWU OKPFGTYGTVKIGTGO /CVGTKCN IGHGTVKIV QHV CWU QTKIKPCNGP CDGT CWEJ CWU PCEJIGHGTVKIVGP 9GTM\GWIGP LGFQEJ QJPG FKG 2T·\KUKQP FGT \GKVIGPÌUUKUEJGP 5VÒEMG WPF IGIGDGPGPHCNNU OKV MQTTGMVGT 2WP\KGTWPI #WEJ FKGUG 5VÒEMG UKPF PQTOCNGTYGKUG XQO 5COONGT GKPHCEJ \W GTMGPPGP WPF UQNNVGP PKEJV CNU ō(·NUEJWPIGPŌ DG\GKEJPGV YGTFGP

$GK GKPGT \GKVNKEJ YGUGPVNKEJ UR·VGTGP #PHGTVKIWPI YGPP GU CNUQ SWCUK MGKPG $GNKGJGPGP OGJT IGDGP FÒTHVG HÒT 5COONGT FKG UKEJ GKP UGJT VGWGTGU 1TKIKPCN PKEJV NGKUVGP MÌPPGP URTKEJV OCP XQP 5COONGTCPHGTVKIWPIGP QFGT CWEJ XQP -QRKGP &KGUG UKPF GDGPHCNNU CWU OKPFGTYGTVKIGTGO /CVGTKCN IGHGTVKIV OGKUV CWU PCEJIGHGTVKIVGP 9GTM\GWIGP LGFQEJ CDUQNWV QJPG FKG 2T·\KUKQP FGT \GKVIGPÌUUKUEJGP 5VÒEMG WPF IGIGDGPGPHCNNU OKV MQTTGMVGT UR·VGTGT 2WP\KGTWPI 5KG UKPF PQTOCNGTYGKUG XQO 5COONGT CWEJ GKPHCEJ \W GTMGPPGP WPF UQNNVGP PKEJV CNU ō(·NUEJWPIGPŌ DG\GKEJPGV YGTFGP

$GK GKPGT \GKVNKEJ YGUGPVNKEJ UR·VGTGP #PHGTVKIWPI FKG FKG /GTMOCNG GKPGU 1TKIKPCNU XQTV·WUEJGP URTKEJV OCP XQP (·NUEJWPIGP QFGT CWEJ WPRT·\KUG XQP -QRKGP &KGUG (·NUEJWPIGP UKPF PCJG\W KOOGT CWU QTKIKPCNIGVTGWGO /CVGTKCN IGHGTVKIV OGKUVGPU OKV PCEJIGHGTVKIVGP 9GTM\GWIGP LGFQEJ QJPG FKG 2T·\K UKQP FGT \GKVIGPÌUUKUEJGP 5VÒEMG WPF IGIGDGPGPHCNNU OKV PCEJIGCJOVGT QFGT IGH·NUEJVGT 2WP\KGTWPI 5KG UKPF XQO 5COONGT PKEJV UQ NGKEJV \W GTMGPPGP &GUJCND GTCEJVGP YKT GU CNU PQVYGPFKI FKGUG 5VÒEMG OKV GKPGT GKPFGWVKI KFGPVKHK\KGTDCTGP -GPP\GKEJPWPI ō%12;Ō \W XGTUGJGP *KGTFWTEJ YGTFGP UKG CWEJ PKEJV TGXKFKGTDCT CNU (·NUEJWPI IGMGPP\GKEJPGV WPF HÒT FGP 5COONGT QJPG )GHCJT CNU SWCNKVCVKXG 5COONGTCPHGTVKIWPIGP KPVGTGUUCPV

#0*#.6 *'4<1)67/

7977

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\MNGKP QFU 8CTKCPVG #PHGTVKIWPI OKV XQTFGTUGKVKI CWUIGHÒJTVGP /CWGTYGTM $TQP\G XGTIQNFGV OKV RQNKGTVGP -CPVGP CWH FGO 4CPF RWP\KGTV %12; CP 5EJWNVGTDCPF 'PFUVÒEM XIN 1#0 XIN 4#/ 5 XIN 5%*# XIN 5%*4# C XIN 9#.& ++

207

7980

7979 7978

7981

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\MNGKP QFU $TQP\G XGTIQNFGV OKV RQNKGTVGP -CPVGP CWH FGO 4CPF RWP\KGTV %12; CP 5EJWNVGTDCPF 'PF UVÒEM XIN 1#0 XIN 4#/ 5 XIN 5%*# XIN 5%*4# C XIN 9#.& ++

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 5COONGTCPHGTVKIWPI FGU -QOVWT\GKEJGPU OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV QJPG *CNUDCPF XIN 1#0 XCT XIN 4#/ 5 XIN 5%*# XIN 5%*4# ++

*GT\QINKEJ #PJCNVKUEJGT *CWUQTFGP #NDTGEJV FGU $·TGP 5COONGTCPHGTVKIWPI FGU 8GTFKGPUVQTFGPU HÒT -WPUV WPF 9KUUGPUEJCHV (QTO $TQP\G XGTIQNFGV KO TÒEMUGKVKIGP /KVVGNHGNF RWP\KGTV %12; CO $CPF XIN 1#0 XIN 4#/ 5 XIN 5%*# XIN 5%*4# C D ++

$#&'0 )4155*'4<1)67/

/KNKV·TKUEJGT -CTN (TKGFTKEJ 8GTFKGPUVQTFGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU )QNF GOCKNNKGTV EC IT KO 4KPI RWP\KGTV %12; OKV EC EO NCPIGO 5EJ·TRGPUVÒEM XIN *1.< 6CHGN XIN 1#0 XIN 4#/ 5 XIN 9#.& +

*GTXQTTCIGPF CPIGHGTVKIVGU $GNGIGZGORNCT HÒT GKP KO 1TKIKPCN PWT ·W­GTUV UEJYGT \W DGUEJCHHGPFGU 5VÒEM FCU NCWV 8QNNG QJPG FKTGMVG 3WGNNGPCPICDG XQP DKU KPUIGUCOV PWT OCN XGTNKGJGP YQTFGP KUV

7982

/KNKV·TKUEJGT -CTN (TKGFTKEJ 8GTFKGPUVQTFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT VGKNYGKUG XGTIQNFGV CWH FGT 4ÒEMUGKVG IGH·NUEJVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC -T¾VN[ KP 2CTKU RWP\KGTV %12; CP 0CFGN XIN *1.< 6CHGN XIN 1#0 XIN 4#/ 5 XIN 9#.& +p++ 5EJÌPGU $GNGIGZGORNCT .CWV 8QNNG YWTFGP QJPG FKTGMVG 3WGNNGPCPICDG XQP DKU KPUIGUCOV )TQ­ MTGW\G WPF XQP DKU KPUIGUCOV -QOVWTMTGW\G OKV 5VGTP XGTNKGJGP

208

7985

7983

$#;'40 -¤0+)4'+%*

*CWU 4KVVGT 1TFGP XQO JN )GQTI 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU )QNF GOCKNNKGTV KO 6TCIG TKPI RWP\KGTV %12; QJPG 5EJWNVGTDCPF XIN .'5 6CHGN XIN 1#0 XIN 5%*4$ XIN 9#.& +

/KNKV·T /CZ ,QUGRJ 1TFGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU )QNF GOCKNNKGTV EC IT CWH FGT 4ÒEMUGKVG RWP\KGTV %12; QJPG 5EJWNVGTDCPF XIN .'5 6CHGN XIN 1#0 XIN 4#/ 5 XIN 5%*4$ XCT XIN 9#.& +p++

7986 7984

7987

/KNKV·T /CZ ,QUGRJ 1TFGP 5COONGTCPHGTVKIWPI GKPGU IGUVKEMVGP $TWUVUVGTPU 5KNDGTFTCJVUVKEMGTGK WPF 2CKNNGVVGP &WTEJOGUUGT OO CWH FGT 4ÒEMUGKVG #DFGEMUVQHH XIN 1#0 XIN 4#/ 5 ++

.WFYKIUQTFGP 1TFGPUMTGW\ )QNF VGKNYGKUG GOCKNNKGTV CWH FGT $GHGUVKIWPI ÒDGT FGO -TGW\ RWP\KGTV %12; CO $CPF XIN .'5 6CHGN C D XIN 1#0 XIN 5%*4$ XIN 9#.& +p+

'NKUCDGVJ 1TFGP 5COONGTCPHGTVKIWPI FGU ITQ­GP 1TFGPUMTGW\GU )QNF GOCKNNKGTV 'OCKNNGOCNGTGK )GYKEJV EC IT KP FGT 6TCIGÌUG RWP\KGTV %12 QJPG 5EJWNVGTDCPF XIN .'5 6CHGN XIN 1#0 XIN 5%*4$ XIN 9#.& +p++

209

7989

7988

7990

$4#705%*9'+) *'4<1)67/

*GT\QINKEJ $TCWPUEJYGKIKUEJGT 1TFGP *GKPTKEJ FGU .ÌYGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU -NCUUG OKV 5EJYGTVGTP CO 4KPI 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV 'OCKNNGOCNGTGK OGJTGTG MNGKPG 1DGTHN·EJGPEJKRRU KP FGT DNCWGP 'OCKNNG CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )QFGV 5QJP KP $GTNKP CP 0CFGN XIN 1#0 5 XIN 4#/ 5 XIN 4'%- XCT XIN 9#.& XCT ++

*'55'0 )4155*'4<1)67/

1TFGP FGU 5VGTPU XQP $TCDCPV 5COONGTCPHGTVKIWPI FGU 'JTGPMTGW\GU -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV %12; XIN 1#0 5 XIN 4#/ 5 ++

0KOOGTIWV DGPGPPV HÒPH 8GTNGKJWPIGP FGU 1TKIKPCNU

*1*'0<1..'40 (ª456'067/

(ÒTUVNKEJ *QJGP\QNNGTPUEJGT *CWUQTFGP 5COONGTCPHGTVKIWPI FGU 'JTGPMQOVWTMTGW\GU OKV -TQPG FGU /QFGNNU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV QJPG *CNUDCPF XIN .+0- XIN 1#0 5 XIN 4#/ 5 +p++

*GTXQTTCIGPFGT 'TUCV\ HÒT GKP PKEJV DGUEJCHHDCTGU 1TKIKPCN FC PCEJ .KPM QJPG FKTGMVG 3WGNNGPCPICDG PWT 8GTNGK JWPIGP FKGUGT -NCUUG XQTIGPQOOGP YWTFGP

7991

7992

(ÒTUVNKEJ *QJGP\QNNGTPUEJGT *CWUQTFGP 5COONGTCPHGTVKIWPI FGU 'JTGPMQOVWTMTGW\GU OKV 5EJYGT VGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH GKPGO 5EJYGTVITKHH RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV XIN .+0- XIN 1#0 5 XIN 4#/ 5 +p++

.KPM )CWIIGN HÒJTGP QJPG FKTGMVG 3WGNNGPCPICDG KPUIGUCOV 8GTNGKJWPIGP CP FKG CNNGUCOV CWH FKG 4GIKGTWPIU\GKV FGU (ÒTUVGP 9KNJGNOU GPVHCNNGP

.+22' (ª456'067/

210

1TFGP HÒT -WPUV WPF 9KUUGPUEJCHV UQIGP .KRRKUEJG 4QUG 5COONGTCPHGTVKIWPI FGT &GMQTCVKQP -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG CO QDGTGO 4CPF RWP\KGTV %12; CO $CPF XIN 4#/ 5 ++

7995 7994

7993

5%*#7/$74) .+22' (ª456'067/

(ÒTUVNKEJ 5EJCWODWTI .KRRKUEJGT *CWUQTFGP 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG VGKNYGKUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KO 6TCIGTKPI RWP\KGTV %12; QJPG *CNUDCPF XIN 4#/ 5 XIN 9#.& +p++

(ÒTUVNKEJ 5EJCWODWTI .KRRKUEJGT *CWUQTFGP 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 8QTFGTUGKVG FGU QDGTGP -TGW\CTOU %JKRR KP FGT YGK­GP 'OCKNNG KO 6TCIGTKPI RWP\KGTV %12; QJPG *CNUDCPF XIN 4#/ 5 XIN 9#.& XCT ++p+++

/'%-.'0$74) 5%*9'4+0 )4155*'4<1)67/

)TQ­JGT\QINKEJ /GEMNGPDWTIKUEJGT )TGKHGPQTFGP 5COONGTCPHGTVKIWPI FGU )TQ­ )TQ­MQOVWT D\Y -QOVWTMTGW\GU 5KNDGT GOCKNNKGTV \YGK QDGTHN·EJNKEJG 'OCKNNGEJKRRU CWH FGT 8QTFGTUGKVG CWH FGT 4ÒEM UGKVG RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV XIN 1#0 XIN 4#/ 5 XIN 9#.& ++

7996

7997

1.&'0$74) )4155*'4<1)67/

*CWU WPF 8GTFKGPUVQTFGP XQP *GT\QI 2GVGT (TKGFTKEJ .WFYKI 5COONGTCPHGTVKIWPI FGU 1HHK \KGTUMTGW\GU OKV 5EJYGTVGTP 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV 'OCKNNGTK­ CWH FGO NKPMGP -TGW \CTO CP 0CFGN XIN $'; XIN 1#0 5 XIN 4#/ 5 XIN 9#.& ++

*GTXQTTCIGPFGT 'TUCV\ FKGUGT PCJG\W PKEJV DGUEJCHHDCTGP 5VWHG FKG NCWV $CTGKU QJPG FKTGMVG 3WGNNGPCPICDG PWT PGWP OCN XGTNKGJGP YQTFGP KUV

24'755'0 -¤0+)4'+%*

1TFGP RQWT NG O¾TKVG 5COONGTCPHGTVKIWPI GKPGU 1TFGPUMTGW\GU OKV -TQPG CD KP FGT #WUHÒJ TWPI WO OKV IGMTÌPVGP #FNGTP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12 QJPG *CNU DCPF XIN *1'(6 XIN 1#0 5 XIN 4#/ 5 +

0KOOGTIWV DKNFGV WPVGT FGT 0WOOGT GKP KFGPVKUEJGU 5VÒEM CNU CWVJGPVKUEJ CD #WHITWPF FGT UGJT GKPHCEJGP WPF KO MTCUUGP )GIGPUCV\ \W WP\YGKHGNJCHV \GKVIGPÌUUKUEJ IGHGTVKIVGP 5VÒEMGP UVGJGPFGP #PHGTVKIWPIUSWCNKV·V JCNVGP YKT FCU XQTNKGIGPFG 'ZGORNCT HÒT GKPG -QRKG \WO 5EJCFGP FGT 5COONGT

211

7999

7998 8000

1TFGP RQWT NG O¾TKVG 'KPHCEJG GKPUGKVKIG ·NVGTG <YGKV QFGT 5COONGTCPHGTVKIWPI FGU 1TFGPUMTGW\GU KP FGT (QTO FGU 'TUVGP 9GNVMTKGIGU -WRHGT GOCKNNKGTV OGJTGTG OÌINKEJGTYGKUG VTCIGDGFKPIVG 'OCKNNG CDRNCV\WPIGP CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CO CNVGP UVCTM \GTUEJNKUUGP *CNUDCPFCDUEJPKVV XIN *1'(6 6CHGN +++ XIN 1#0 5 XIN 4#/ 5 XIN 9#.& +++

'U JCPFGNV UKEJ JKGTDGK PKEJV WO GKPG OQFGTPG UQPFGTP WO GKPG GKPHCEJG ·NVGTG #PHGTVKIWPI XQT

1TFGP RQWT NG O¾TKVG (TKGFGPUMNCUUG 5COONGTCPHGTVKIWPI FGT &GMQTCVKQP FGT /KVINKGFGT 5KNDGT XGTIQNFGV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; FKGUG XGTMNGDV CO *CNUDCPFCDUEJPKVV XIN *1'(6 6CHGN +++ XIN 1#0 5 XIN 4#/ 5 XIN 9#.& ++

1TFGP XQO 4QVGP #FNGT /QFGNN 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU OKV 'KEJGPNCWD WPF 5EJYGTVGTP CO 4KPI )QNF GOCKNNKGTV )GYKEJV EC IT CWH FGT 4ÒEMUGKVG FGT 5EJYGTVGT RWP\KGTV %12; OKV EC EO NCPIGO 5EJ·TRGPUVÒEM XIN *1'(6 6CHGN 8+ XCT XIN 1#0 XCT XIN 4#/ 5 XIN 9#.& XCT +p++

8001

1TFGP XQO 4QVGP #FNGT /QFGNN 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­MTGW\ OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG RWP\KGTV %12; XIN *1'(6 6CHGN 8+ XCT XIN 1#0 XCT XIN 4#/ 5 XIN 9#.& XCT +p++

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN 5COONGTCPHGTVKIWPI GKPGU 5GVU FGT -NCUUG OKV 'KEJGPNCWD OKV FGT <CJN WPF FGO 'OCKNNGDCPF FGU 1TFGPU XQO 4QVGP #FNGT DGUVGJGPF CWU -TGW\ -NCUUG )QNF GOCKNNKGTV CWH FGO WPVGTGP -TGW\CTO 4KV\OCTMG 9 QJPG 5EJWNVGTDCPF WPF $TWUV UVGTP 5KNDGT #WHNCIGP )QNF VGKNYGKUG GOCKNNKGTV CP 0CFGN XIN *1'(6 6CHGN : XCT XIN 1#0 5 XIN 4#/ 5 5VÒEM +p++

*GTXQTTCIGPFGT 'TUCV\ HÒT GKP KO 1TKIKPCN PCJG\W PKEJV DGUEJCHHDCTGU 5GV

212

8002

8006

8004

8007

8005 8003

-ÌPKINKEJGT -TQPGPQTFGP /QFGNN EC 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG OKV 5EJYGTVGTP 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGO WPVGTGP -TGW\CTO 2WP\GP 9 WPF KO 6TCIGTKPI RWP\KGTV %12; QJPG 5EJWNVGTDCPF *1'(6 XIN 6CHGN 8+++ XCT 4#/ XIN 5 9#.& XIN XCT +p++

-ÌPKINKEJGT *CWUQTFGP XQP *QJGP\QNNGTP 5COONGTCPHGTVKIWPI FGU #FNGTU FGT +PJCDGT 5KNDGT VGKN YGKUG GOCKNNKGTV CWH FGT 4ÒEMUGKVG IGRWP\V %12; CO $CPF XIN *1'(6 6CHGN :++ XCT XIN 1#0 5 XIN 4#/ 5 ++

.WKUGP 1TFGP 'TUVG #DVGKNWPI OKV FGP ,CJTGU\CJN 5COONGTCPHGTVKIWPI FGU -TGW\GU OKV )QNFGPGT -TQPG CWH FGO WPVGTGP -TGW\CTO RWP\KGTV %12; CO $CPF XIN *1'(6 XIN 1#0 5 ++

.WKUGP 1TFGP 'TUVG #DVGKNWPI OKV FGP ,CJTGU\CJN 5COONGTCPHGTVKIWPI GKPGU $TQP\G PGP -TGW\GU CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CP $CPFUEJNGKHG XIN *1'(6 XIN 1#0 ++

5GJT GKPHCEJG #PHGTVKIWPI GKPGU -TGW\GU FCU GU KO 1TKIKPCN ICT PKEJV IGIGDGP JCV

'KPHCEJG ·NVGTG #PHGTVKIWPI GKPGU -TGW\GU FCU GU KO 1TKIKPCN ICT PKEJV IGIGDGP JCV

4QVG -TGW\ /GFCKNNG 5COONGTCPHGTVKIWPI 5KNDGT XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG GKPGT -TQPG RWP\KGTV %12; CP 0CFGN XIN *1'(6 6CHGN ::+ XIN 9#.&

8008

8009

8010

'KUGTPGU -TGW\ #WUICDG GKPVGKNKIG 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU VGKNYGKUG IGUEJY·T\V KO 4CPF RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV *1'(6 6CHGN :+++ XIN 1#0 5 XIN 4#/ 5 ++

5EJÌPG $GNGIUVÒEM HÒT GKP WPDGUEJCHHDCTGU 'ZGORNCT FCU KO 1TKIKPCN PWT HÒPH OCN XGTNKGJGP YWTFG

'KUGTPGU -TGW\ #WUICDG GKPVGKNKIG 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU VGKNYGKUG IGUEJY·T\V (CTDG KO 9 GVYCU UEJCFJCHV KO 4CPF RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV XIN *1'(6 6CHGN :+: XIN 1#0 5 XIN 4#/ 5 XIN 9#.& ++

5EJÌPGU $GNGIUVÒEM HÒT GKP PCJG\W WPDGUEJCHHDCTGU 'ZGORNCT FCU KO 1TKIKPCN PWT CEJV D\Y PGWP OCN XGTNKGJGP

D\Y IGVTCIGP YWTFG

'KUGTPGU -TGW\ #WUICDG GKPVGKNKIG 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU VGKNYGKUG IGUEJY·T\V KO 4CPF RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV XIN *1'(6 XIN 1#0 5 XIN 4#/ 5 ++

5EJÌPGU $GNGIUVÒEM HÒT GKP WPDGUEJCHHDCTGU 'ZGORNCT FCU KO 1TKIKPCN PWT XKGT D\Y HÒPH OCN XGTNKGJGP D\Y IGVTC IGP YWTFG

213

8012

8013

8014

'KUGTPGU -TGW\ #WUICDG 5COONGTCPHGTVKIWPI GKPVGKNKI FGU -TGW\GU + -NCUUG XGTUKNDGTV WPF VGKNYGKUG IGUEJY·T\V OKV #NWOKPKWO )GIGPRNCVVG WPF \YGK 5EJTCWDGP OKV /WVVGTP XIN *1'(6 XIN 1#0 5 XIN 4#/ 5 XIN 9#.& ++ ++

/KNKV·T 8GTFKGPUVOGFCKNNG 5COONGTCPHGTVKIWPI FGT 5KNDGTPGP /GFCKNNG 5KNDGT QJPG $CPF

(ÒTUVNKEJ 4GWUUKUEJGU 'JTGPMTGW\ 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG OKV -TQPG WPF 5EJYGTVGTP 5KNDGT #WHNCIGP )QNF VGKNYGKUG GOCKNNKGTV TGEJVG 5EJYGTVURKV\G GVYCU \GTFTÒEMV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CO $CPF XIN +.. 5 XIN 1#0 5 ++

-TKGIUXGTFKGPUVMTGW\ /QFGNN OKV ::8++ KO /QPQITCOO 5COONGTCPHGTVKIWPI 5KNDGT VGKNYGKUG IGUEJY·T\V WPF GOCKNNKGTV 0CFGNDQEM PKEJV OKVVKI CPIGDTCEJV CP 0CFGN XIN +.. 5 XIN 9#.& +p++

4'755 (ª456'06ª/'4 )'/'+05#/

8015

8016

8017

5#%*5'0 -¤0+)4'+%*

/KNKV·T 5V *GKPTKEJU 1TFGP 5COONGTCPHGTVKIWPI GKPGU IGUVKEMVGP $TWUVUVGTPU 5KNDGTFTCJVUVKEMGTGK UGJT IGFWPMGNV XIN 1#0 5 XIN 4#/ 5 XIN 9'$ ++p

8GTFKGPUVQTFGP /QFGNN 6[R (GTVKIWPI KP 5KNDGT XGTIQNFGV OKV GKPVGKNKIGP /GFCKN NQPU 5COONGTCPHGTVKIWPI FGU )TQ­ D\Y -QOVWTMTGW\GU KP FGT #WUHÒJTWPI CD 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OKP $GUEJ·FKIWPI KP GKPGT -TGW\URKV\G RWP\KGTV %12 QJPG 5EJWNVGT QFGT *CNUDCPF XIN 1#0 XIN 4#/ 5 XIN 9'$ XIN 9#.& XCT +p++

8GTFKGPUVQTFGP /QFGNN 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­MTGW\ KP FGT #WUHÒJTWPI DKU 5KNDGT #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )QFGV KP $GTNKP UQYKG 2WP\G %12; CP 0CFGN XIN 1#0 5 XIN 4#/ 5 XIN 9'$ XIN 9#.& +

&KG VGKNYGKUG FÒTHVKIG #PHGTVKIWPIUSWCNKV·V GPVURTKEJV ÒDGTJCWRV PKEJV FGO -ÌPPGP FGU $GTNKPGT *QHLWYGNKGTU YGU JCND YKT FCU 'ZGORNCT CNU 5COONGTCPHGTVKIWPI DGVTCEJVGP .CWV 9GDGT #TPQNF -GKN YWTFGP XQO 8GTFKGPUVQTFGP KP FGP ,CJTGP XQP DKU GKIGPVNKEJ PWT )TQ­MTGW\G KP )QNF XGTNKGJGP

214

8019 8018

8GTFKGPUVQTFGP /QFGNN 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO -QOVWTMTGW\ -NCUUG KP FGT #WUHÒJTWPI DKU 5KNDGT #WHNCIGP )QNF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG \GKEJPWPI FGT (KTOC )QFGV KP $GTNKP UQYKG 2WP\G %12; CP 0CFGN XIN 1#0 XIN 4#/ XIN 9'$ XIN 9#.& XCT +

&KG VGKNYGKUG FÒTHVKIG #PHGTVKIWPIUSWCNKV·V GPVURTKEJV CWEJ DGK FKGUGO 5VGTP PKEJV FGO -ÌPPGP FGU $GTNKPGT *QHLWYG NKGTU YGUJCND YKT FCU 'ZGORNCT GDGPHCNNU CNU 5COONGTCPHGTVKIWPI DGVTCEJVGP .CWV 9GDGT #TPQNF -GKN YWTFGP XQO 8GTFKGPUVQTFGP KP FGP ,CJTGP XQP DKU GKIGPVNKEJ PWT -QOVWTMTGW\G -NCUUG KP )QNF XGTNKGJGP

9#.&'%- (ª456'067/

8GTFKGPUVQTFGP /QFGNN 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG 5KNDGT XGTIQNFGV WPF GOCKNNKGTV MNGKPGT #WUDTWEJ KP FGT DNCWGP 'OCKNNG KO <[NKPFGT RWP\KGTV 12; HÒT %12; QJPG *CNUDCPF 8IN '(9# XIN 1#0 5 4#/ 5 ++p

.CWV 'HNGT GTHQNIVGP XQP DKU PWT 8GTNGKJWPIGP YQXQP PCEJ FGO 6QF FGT 6T·IGT -TGW\G \WTÒEM IGIGDGP YWTFGP

8020 1:1

9ª466'/$'4) -¤0+)4'+%*

-ÌPKINKEJGT )TQ­GT 1TFGP FGU IQNFGPGP #FNGTU 5COONGTCPHGTVKIWPI GKPGU CWU GKPGO -TGW\ FGU 4KVVGTQTFGPU XQP FGT ,CIF WOIGCTDGKVGVGP 1TFGPUMTGW\GU )QNF \KUGNKGTV VGKNYGKUG GOCKNNKGTV 'OCKN NGCWUDTWEJ KO 8QTFGTUGKVGP\GPVTWO )GYKEJV IT OKV MCPPGNKGTVGO $CPFTKPI QJPG 5EJWNVGTDCPF XIN -.4( 1 ++

*GTXQTTCIGPFGU IGCTDGKVGVGU 'TUCV\UVÒEM HÒT GKP KO 1TKIKPCN WPDGUEJCHHDCTGU 'ZGORNCT #O /·T\ UVKHVGVG -ÌPKI (TKGFTKEJ + XQP 9ÒTVVGODGTI FGP 1TFGP WPF JQD INGKEJ\GKVKI FGP )TQ­GP ,CIFQTFGP CWH &KG PQEJ NGDGPFGP /KVINKGFGT FGU ,CIFQTFGPU YWTFGP PWPOGJT KP FGP PGWGP 1TFGP ÒDGTPQOOGP KJTG 1TFGPUKPUKIPKGP FWTEJ #WUVCWUEJ FGT /GFCKNNQPU D\Y FGT /GFCKNNQPCWHNCIGP XGT·PFGTV &CU XQTNKGIGPFG 'ZGORNCT WPVGTUEJGKFGV UKEJ PWT IGTKPIHÒIKI XQO 1TKIKPCN FWTEJ FKG <KUGNKGTWPI FGT #FNGT FKG 5VTWMVWT FGT 'OCKNNG WPF FCU (GJNGP FGT 'OCKNNKGTWPI FGT ,CIFJÌTPGT

215

8022 8021

8023

8024

-ÌPKINKEJ 9ÒTVVGODGTIKUEJGT /KNKV·TXGTFKGPUVQTFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­ MTGW\ 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5VGKPCO KP 5VWVVICTV CP 0CFGN FKGUG RWP\KGTV %12; XIN 1#0 XIN 4#/ 5 XIN 9#.& ++

&KG FWTEJ FKG *GTTUEJGTYGEJUGN JGTXQTIGTWHGPGP 8GT·PFGTWPI KP FGP 1TFGPUMTGW\GP YKTMVGP UKEJ PCEJ PKEJV OGJT CWH FKG )GUVCNVWPI FGU )TQ­MTGW\GU CWU .CWV 0KOOGTIWV YWTFGP XQP DKU KPUIGUCOV 8GTNGKJWP IGP FKGUGT 5VWHG XQTIGPQOOGP

-ÌPKINKEJ 9ÒTVVGODGTIKUEJGT /KNKV·TXGTFKGPUVQTFGP /QFGNN OKV FGT -TQPG WPF FGO /QPQITCOO 94 5COONGTCPHGTVKIWPI FGU )TQ­ D\Y -QOOCPFGWTMTGW\GU )QNF GOCKNNKGTV EC IT RWP\KGTV %12; QJPG $CPF XIN 1#0 XCT XIN 4#/ 5 XIN 9#.& XCT +p++

-ÌPKINKEJ 9ÒTVVGODGTIKUEJGT /KNKV·TXGTFKGPUVQTFGP /QFGNN OKV FGT -TQPG WPF FGO /QPQITCOO -4 5COONGTCPHGTVKIWPI FGU 4KVVGTMTGW\GU )QNF GOCKNNKGTV KO <[NKPFGT RWP\KGTV %12 QJPG $CPF XIN 1#0 XIN 4#/ 5 +p++

.CWV 0KOOGTIWV YWTFG FCU -TGW\ KO 1TKIKPCN PWT OCN XGTNKGJGP

&'765%*'5 4'+%*

,GTWUCNGOMTGW\ 5COONGTCPHGTVKIWPI FGU -TGW\GU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CO $CPF ++

8026

8025

8027

(4'+-1425

(TGKMQTRU &KGDKVUEJ &KGDKVUEJ -TGW\ 5COONGTCPHGTVKIWPI FGT -NCUUG XGTIQNFGV WPF GOCKNNKGTV CO *CNUDCPF ++

(TGKMQTRU 4Q­DCEJ 5COONGTCPHGTVKIWPI FGU 4Q­DCEJMTGW\GU -NCUUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN ++

(TGKMQTRU 4Q­DCEJ 5COONGTCPHGTVKIWPI FGU 4Q­DCEJMTGW\GU -NCUUG XGTIQNFGV WPF GOCKNNKGTV CO $CPF ++

216

8028

&'765%*'5 4'+%*

1TFGP XQO &GWVUEJGP #FNGT 5COONGTCPHGTVKIWPI GKPGU 5GVU FGU )QNFGPGP )TQ­MTGW\GU OKV 5EJYGT VGTP DGUVGJGPF CWU 5COONGTCPHGTVKIWPI FGU )QNFGPGP )TQ­MTGW\GU OKV 5EJYGTVGTP XGT IQNFGV WPF GOCKNNKGTV \YGK 'OCKNNGCDRNCV\WPIGP CWH FGT 8QTFGTUGKVG CWH FGT 4ÒEMUGKVG RWP\KGTV %12; QJPG 5EJWNVGTDCPF WPF )QNFGPGT $TWUVUVGTP OKV 5EJYGTVGTP XGTIQNFGV WPF VGKNYGKUG GOCKN NKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CP 0CFGN XIN &1'* 5 XIN 1#0 5 XIN 4#/ 5 ++p

5EJÌPG 5COONGTCPHGTVKIWPI FKGUGT PWT CWH +PJCDGT DGITGP\VGP WPF KO 1TKIKPCN PCJG\W PKEJV DGUEJCHHDCTGP 5VWHG

8029

8030

8031

1TFGP #\CF *KPF 5COONGTCPHGTVKIWPI FGU )TQ­UVGTPU 5JGT K *KPF 6KIGT XQP +PFKGP OKV 5EJYGT VGTP XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 5QWXCN KP 9KGP CO *CNUDCPFCDUEJPKVV XIN *ª5- XIN 1#0 +p++

*GTXQTTCIGPFG 5COONGTCPHGTVKIWPI FKGUGT KO 1TKIKPCN PCJG\W WPDGUEJCHHDCTGP #WU\GKEJPWPI

-12+'0 70& 5#//.'4#0('46+)70)'0 #75.#0& (+00.#0&

1TFGP FGU (TGKJGKVUMTGW\GU /QFGNN 5COONGTCPHGTVKIWPI FGT -NCUUG OKV 5EJYGTVGTP XGTIQNFGV WPF YGK­ GOCKNNKGTV CO *CNUDCPFCDUEJPKVV XIN $'4)* 5 XCT XIN *#0 5GKVG XIN *'1 XCT XIN 1#0 5 XIN 4#/ 5 XIN 6'6 ++

0CEJ *CPMKOQ YWTFGP XQP FKGUGT -NCUUG KO 1TKIKPCN PWT 8GTNGKJWPIGP XQTIGPQOOGP

1TFGP FGT 9GK­GP 4QUG 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU XGTIQNFGV WPF GOCKNNKGTV KP FGT ¤UG RWP\KGTV %12; XIN $'4)* 5 XCT XIN *#0 $KNF XIN *'1 XCT XIN 1#0 XCT XIN 4#/ 5 XIN 6'6 XIN 94'& ++

217

8033

8032

8034

)4155$4+6#00+'0

&KUVGN 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT TGRGTEKGTV #WHNCIGP XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CP 0CFGN FKGUG GDGPHCNNU RWP\KGTV %12; XIN *'1 XCT XIN 1#0 XCT XIN 4#/ 5 +p

/KNKV·T -TGW\ /KNKVCT[ %TQUU NVGTG 5COONGTCPHGTVKIWPI FGU /QFGNNU OKV )4+ XGTUKNDGTV CWH FGT 4ÒEMUGKVG 2WP\G %12; CO $CPF 8IN &'. XIN *'1 XCT XIN 1#0 XIN 4#/ 5 +p++

0CEJ /;$ YWTFGP KO 'TUVGP 9GNVMTKGI EC 8GTNGKJWPIGP XQTIGPQOOGP 5QOKV GPVURTKEJV FCU /KNKVCT[ %TQUU KP GVYC KP FGT 4CPIUVWHG FGO 'KUGTPGP -TGW\ -NCUUG WPF IGPKG­V KP )TQ­DTKVCPPKGP WPF FGP %QOOQPYGCNVJ .·PFGTP GKP ·JPNKEJ JQJGU #PUGJGP YKG NGV\VGTGU KP WPUGTGP 6TWRRGP &GT +PJCDGT YCT WPF KUV DGTGEJVKIV JKPVGT UGKPGO 0CEJPCJOGP FKG $WEJUVCDGP / % \W HÒJTGP &GT /CTMVRTGKU GKPGU \GKVIGPÌUUKUEJGP 1TKIKPCNU NKGIV DGK EC 'WTQ

+5.#0& -¤0+)4'+%*

+UN·PFKUEJGT (CNMGPQTFGP 5COONGTCPHGTVKIWPI FGU -QOOCPFGWTMTGW\GU FGU /QFGNNU 5KNDGT XGT IQNFGV WPF GOCKNNKGTV CO *CNUDCPFCDUEJPKVV XIN ,1'4) 5 XIN 1#0 XCT XIN 4#/ 5

+p++

8035

8036

+6#.+'0 0#21.'10+5%*'5 -¤0+)4'+%*

1TFGP FGT 'KUGTPGP -TQPG 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC )WEEKQPG KP 4QO CP 0CFGN XIN $174& $ XIN 1#0 5 +

*GTXQTTCIGPFGU 'TUCV\UVÒEM HÒT GKP KO 1TKIKPCN PCJG\W WPDGUEJCHHDCTGU 'ZGORNCT

+6#.+'0 0#21.'10+5%*'5 -¤0+)4'+%* $'+&'4 5+<+.+'0

218

/KNKV·TOGFCKNNG 'JTG FGO 8GTFKGPUV 1PQTG CN /GTKVQ NVGTG 0CEJHGTVKIWPI FGT 5KNDGTPGP /G FCKNNG OKV -TQPG 5KNDGT KO 4CPF RWP\KGTV %12; FKG -TQPG OKV MCPPGNKGTVGO $CPFTKPI YQJN \GKVIG PÌUUKUEJ CO ·NVGTGP $CPF OKV 4QUGVVG XIN $174& XIN $4#/ XIN *';&+6 ++

8037

8040

8039

8038 1:1

/GFCKNNG HÒT FKG 1TICPKUCVQTGP FGT 2TQXKP\KCN .GIKQPGP NVGTG 0CEJHGTVKIWPI FGT 5KNDGTPGP /G FCKNNG 5KNDGT KO 4CPF RWP\KGTV %12 CO $CPF XIN $174& XIN $4#/ XIN *';&+6

++

¤56'44'+%* -#+5'44'+%*

1TFGP XQO )QNFGPGP 8NKGU 5COONGTCPHGTVKIWPI FGT *CNUFGMQTCVKQP HÒT 1TFGPUTKVVGT 5KNDGT XGTIQNFGV WPF GOCKNNKGTV OGJTGTG OKPKOCNG 'OCKNNGUEJ·FGP CWH FGT 4ÒEMUGKVG GKPGU 4KPIGU FGU (GWGTUVGKPU DG \GKEJPGV %12; CO $CPFCDUEJPKVV OKV %QWNCPV XIN /'4¤56 +XD XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' ++

/KNKV·T /CTKC 6JGTGUKGP 1TFGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU 5KNDGT XGTIQNFGV WPF GOCKN NKGTV KO 6TCIGTKPI RWP\KGTV %12; QJPG 5EJWNVGTDCPF XIN /'4¤56 C XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

/KNKV·T /CTKC 6JGTGUKGP 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 8KPE /C[GT U 5ÌJPG KP 9KGP CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV XIN /'4¤56 D XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

219

8041

8042 8043

/KNKV·T /CTKC 6JGTGUKGP 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CP 0CFGN FKGUG GDGPHCNNU RWP\KGTV %12; XIN /'4¤56 D XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

-ÌPKINKEJ 7PICTKUEJGT 5V 5VGRJCPU 1TFGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU 5KNDGT XGTIQNFGV WPF GOCKNNKGTV KP FGT 6TCIGÌUG RWP\KGTV %12; QJPG 5EJWNVGTDCPF XIN /'4¤56 C XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

-ÌPKINKEJ 7PICTKUEJGT 5V 5VGRJCPU 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG OGJTHCEJ RWP\KGTV W C %12; XIN /'4¤56 E XIN /+%* +++ XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

8044

220

8045

¤UVGTTGKEJKUEJ -CKUGTNKEJGT .GQRQNF 1TFGP 5COONGTCPHGTVKIWPI FGU )TQ­MTGW\GU $TQP\G XGTIQNFGV GOCKNNKGTV CWH FGT 4ÒEMUGKVG HGJNV FKG TQVG 'OCKNNG GKPGU -TGW\CTOGU HCUV XQNNUV·PFKI KP FGT 6TCIGÌUG RWP\KGTV %12; QJPG 5EJWNVGTDCPF XIN /'4¤56 ::++ XIN /+%* +: XIN 1#0 XCT XIN 241 XIN 4#/ 5 XIN 561.' ++ +++

¤UVGTTGKEJKUEJ -CKUGTNKEJGT .GQRQNF 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­MTGW\ 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4QVJG KP 9KGP WPF 2WP\G %12; XIN /'4¤56 XIN /+%* +: XIN 241 XIN 4#/ 5 XIN 561.' +p++

8047 8046

¤UVGTTGKEJKUEJ -CKUGTNKEJGT .GQRQNF 1TFGP 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG D\Y FGU -QOVWTMTGW\GU OKV -TKGIUFGMQTCVKQP WPF 5EJYGTVGTP GKPGU PKGFTKIGTGP )TCFGU $TQP\G XGTIQNFGV WPF GOCKNNKGTV VGKNYGKUG XGTUKNDGTV KO 6TCIGTKPI RWP\KGTV %12; QJPG *CNUDCPF XIN /'4¤56 ::8++ F XIN /+%* : XIN 1#0 XIN 241 XCT XIN 4#/ 5 XIN 561.' +p++

¤UVGTTGKEJKUEJ -CKUGTNKEJGT .GQRQNF 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WT -NCUUG OKV 5EJYGTVGTP WPF -TKGIUFGMQTCVKQP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG RWP\KGTV %12; XIN /'4¤56 XIN /+%* : XIN 241 XIN 4#/ 5 XIN 561.' +p++

8048

8049

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN ·NVGTG 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU -NCUUG OKV -TKGIUFGMQTCVKQP WPF 5EJYGTVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI % ( 416*' WPF 9+'0 2WP\G %12; CWH FGT 0CFGN +PPGPUGKVG XIN /'4¤56 :::8+ XIN /+%* :++ XIN 1#0 XCT XIN 241 XIN 4#/ 5 XIN 561.' ++

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG /QFGNN 5COONGTCPHGTVKIWPI FGU $TWUV UVGTPU -NCUUG OKV -TKGIUFGMQTCVKQP WPF 5EJYGTVGTP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV WPF GOCKN NKGTV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI % ( 416*' WPF 9+'0 2WP\G %12; CWH FGT 0CFGN +PPGPUGKVG XIN /'4¤56 :::8+ XIN /+%* :++ XIN 1#0 XCT XIN 241 XIN 4#/ 5 XIN 561.' ++

221

8051

8050

¤UVGTTGKEJKUEJ -CKUGTNKEJGT 1TFGP FGT 'KUGTPGP -TQPG 5COONGTCPHGTVKIWPI FGT &GMQTCVKQP -NCUUG OKV 5EJYGTVGTP WPF -TKGIUFGMQTCVKQP $TQP\G XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4Ã&#x2019;EMUGKVG FGT 5EJYGTVGT RWP\KGTV %12; CO *CNUDCPF XIN /'4¤56 XIN /+%* :+++ XIN 1#0 XCT XIN 241 XIN 4#/ 5 XIN 561.' +p++

-CKUGTNKEJ ¤UVGTTGKEJKUEJGT (TCP\ ,QUGRJ 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO )TQ­ MTGW\ OKV 5EJYGTVGTP WPF -TKGIUFGMQTCVKQP 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG OKV *GTUVGNNGTDG\GKEJPWPI FGT (KTOC 4QVJG KP 9KGP WPF 2WP\G %12; XIN /'4¤56 :.+8 XIN /+%* :+8 XIN 241 XIN 4#/ 5 XIN 561.' +p++

8053

8052

8054

-CKUGTNKEJ ¤UVGTTGKEJKUEJGT (TCP\ ,QUGRJ 1TFGP 5COONGTCPHGTVKIWPI FGU $TWUVUVGTPU \WO -QOVWT MTGW\ -NCUUG /QFGNN 5KNDGT TGRGTEKGTV VGKNYGKUG XGTIQNFGV CP 0CFGN FKGUG OKV *GTUVGNNGTDG \GKEJPWPI FGT (KTOC 4QVJG KP 9KGP WPF 2WP\G %12; XIN /'4¤56 E XIN /+%* :8 XIN 1#0 XIN 241 XIN 4#/ 5 XIN 561.' +p++

1TFGP FGT 5MNCXKPPGP FGT 6WIGPF 5COONGTCPHGTVKIWPI FGT &GMQTCVKQP HÃ&#x2019;T FKG )QNFGPG -GVVG )QNF GOCKNNKGTV OGJTGTG #WUDTÃ&#x2019;EJG KP FGT ITÃ&#x2019;PGP 'OCKNNG KO 6CIGTKPI RWP\KGTV %12; QJPG -GVVG XIN 241 ++p+++

&GT &COGPQTFGP YWTFG XQP FGT -CKUGTKP 9KVYG 'NGQPQTC IGUVKHVGV WPF FWTEJ 2CRUV %NGOGPU +: DGUV· VKIV /KVVG FGU ,CJTJWPFGTVU YCJTUEJGKPNKEJ KP FGT 4GIKGTWPIU\GKV -CKUGTKP /CTKC 6JGTGUKCU KUV FGT 1TFGP YKGFGT GTNQUEJGP

222

- WPF - ¤UVGTTGKEJKUEJ 7PICTKUEJGU 'JTGP\GKEJGP HÃ&#x2019;T -WPUV WPF 9KUUGPUEJCHV 5COONGTCPHGTVK IWPI 5KNDGT XGTIQNFGV VGKNYGKUG GOCKNNKGTV CWH GKPGO -TQPGPDCPF RWP\KGTV %12; QJPG *CNUDCPF XIN /'4¤56 .+8D XIN /+%* :+: XIN 1#0 XIN 241 XIN 561.' +p++

8057 8055

8056

)GKUVNKEJGU 8GTFKGPUVMTGW\ 5COONGTCPHGTVKIWPIGP FGT WPF -NCUUG CO YGK­GP $CPF XGTIQNFGV D\Y XGTUKNDGTV OKV GOCKNNKGTVGP /GFCKNNQPU DGKFG CWH FGT 5GKVG FGU WPVGTGP -TGW\CTOU RWP\KGTV %12; CP &TGKGEMUD·PFGTP XIN /'4¤56 .+8E F XCT XIN /+%* :+: XIN 1#0 XIN 241 XIN 561.' XCT 5VÒEM ++

¤56'44'+%* 56 0&'56##6

/KNKV·TXGTFKGPUVMTGW\ 5COONGTCPHGTVKIWPI FGT ++ -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV

4ÒEMUGKVG MQORNGVV 'OCKNNGCWUDTWEJ CWH FGO 4ÒEMUGKVGPOGFCKNNQP CWH FGO <[NKPFGT WPF CWH FGT 5GKVG GKPGU -TGW\CTOU RWP\KGTV %12; CO *CNUDCPFCDUEJPKVV XIN 241 XIN 4#/ 5 XIN 5%*/ 4 (CTDVCHGN :8 XIN 5%*9/# 5 XIN 561.' ++p+++

*GTXQTTCIGPFG 5COONGTCPHGTVKIWPI FKGUGT GZVTGO UGNVGPGP #WU\GKEJPWPI FKG KPUIGUCOV PWT PGWP OCN KP FGP ,CJTGP DKU XGTNKGJGP YWTFG

/KNKV·TXGTFKGPUVMTGW\ 5COONGTCPHGTVKIWPI FGT +++ -NCUUG 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CO &TGKGEMUDCPF XIN 241 XIN 4#/ 5 XIN 5%*/ 4 (CTDVCHGN :8 XIN 5%*9/# 5 XIN 561.' +p++

*GTXQTTCIGPFG 5COONGTCPHGTVKIWPI FKGUGT UGNVGPGP #WU\GKEJPWPI FKG KPUIGUCOV PWT OCN XGTNKGJGP YWTFG

8058

8059

21.'0 $ª4)'4.+%*' 4'27$.+-

1TFGP 8KTVWVK /KNKVCTK /QFGNN 5COONGT QFGT <YGKVCPHGTVKIWPI FGU $TWUVUVGTPU XGTUKNDGTV VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG RWP\KGTV %12; CP 5EJTCWDUEJGKDG FCTCWH FKG *GTUVGNNGTDG\GKEJPWPI # 0CICNUMK K 5MC KP 9CTUEJCW XIN $+)1 5 XIN 1#0 XCT XIN 4#/ 5 ++

1TFGP 8KTVWVK /KNKVCTK /QFGNN 5COONGT QFGT <YGKVCPHGTVKIWPI FGU -QOOCPFGWT MTGW\GU $TQP\G XGTIQNFGV WPF GOCKNNKGTV 4ÒEMUGKVG FGU 4GKEJUCRHGNU FGT -TQPG RWP\KGTV %12; QJPG $CPF XIN $+)1 5 XIN 1#0 XCT XIN 4#/ 5 +p++

223

8060

47/ 0+'0 -¤0+)4'+%*

1TFGP %CTQNU + 5COONGTCPHGTVKIWPI FGT -QNNCPG 5KNDGT ITÌ­VGPVGKNU XGTIQNFGV GOCKNNKGTV WPF -NGKPQF 5KNDGT VGKNYGKUG XGTIQNFGV WPF GOCKNNKGTV XIN -.+47 6CHGN + XIN 1#0 XIN 4#/ 5 ++ &KG 8GTNGKJWPIU\CJN HÒT FKGUG -GVVG KO 1TKIKPCN CP 4WO·PGP YCT NCWV -NKGVOCPP DKU CWH +PJCDGT DGITGP\V FCPCEJ CWH +PJCDGT

224

8061

8062

1TFGP /KEJCGN FGU 6CRHGTGP 5COONGTCPHGTVKIWPI FGU -TGW\GU + -NCUUG OKV 5EJYGTVGTP /QFGNN

XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG DG\GKEJPGV %12; CP 0CFGN XIN -.+47 5 XIN 1#0 5 XIN 4#/ 5 XIN 5#(6# 5 ++

*GTXQTTCIGPF IGHGTVKIVGT 'TUCV\ FGT (KTOC 5QWXCN KP 9KGP 5QWXCN YCT Y·JTGPF XQP DKU *GTUVGNNGT FGU /QFGNNU HÒT FKGUG KO 1TKIKPCN PKEJV \W DGUEJCHHGPFG -NCUUG FKG PCEJ +EJKO +EJKO 'WIGP 1TFKPWN /KNKVCT FG 4C\DQK /KJCK 8KVGC\WN $WMCTGUV KO 1TKIKPCN PWT FTGK OCN WPF \YCT CP FKG UQYLGVKUEJGP /CTUEJ·NNG /CNK PQYUMK WPF 6QNDWEJKP WPF CP FGP )GPGTCNQDGTUV 5WUCKMQX XGTNKGJGP YWTFG *KPYGKUG CWH #DDKNFWPIGP FGWVGP FCTCWH JKP FCUU FKG 1TKIKPCNG FKGUGT -NCUUG OKV 5EJTCWDUEJGKDG IGHGTVKIV YWTFGP

1TFGP /KEJCGN FGU 6CRHGTGP 5COONGTCPHGTVKIWPI FGU -TGW\GU ++ -NCUUG OKV 5EJYGTVGTP /QFGNN

XGTIQNFGV WPF GOCKNNKGTV CWH FGT 4ÒEMUGKVG DG\GKEJPGV %12; QJPG *CNUDCPF XIN -.+47 5 XIN 1#0 5 XIN 4#/ 5 XIN 5#(6# 5 ++

*GTXQTTCIGPF IGHGTVKIVGT 'TUCV\ FGT (KTOC 5QWXCN KP 9KGP 5QWXCN YCT Y·JTGPF XQP DKU *GTUVGNNGT FGU /QFGNNU HÒT FKGUG KO 1TKIKPCN PKEJV \W DGUEJCHHGPFG -NCUUG FKG PCEJ +EJKO +EJKO 'WIGP 1TFKPWN /KNKVCT FG 4C\DQK /KJCK 8KVGC\WN $WMCTGUV KO 1TKIKPCN PWT \GJP OCN CP UQYLGVKUEJGP /CTUEJ·NNG WPF )GPGT·NG XGTNKG JGP YWTFG

8063

8064

5.19#-'+ '456' 4'27$.+-

1TFGP FGU -TKGIU 5KGIGUMTGW\GU 5COONGTCPHGTVKIWPI FGU -TGW\GU -NCUUG LGFQEJ KP TQV GOCKNNKGTV XGTIQNFGV WPF GOCKNNKGTV CO $CPF XIN 1#0 5 +

#PFT¾ /GFCKNNG 5COONGTCPHGTVKIWPI FGT /GFCKNNG CWH FGT 4ÒEMUGKVG RWP\KGTV %12; QJPG $CPF ++

8'4'+0+)6' 56##6'0 810 #/'4+-#

5EJÌPG 5COONGTCPHGTVKIWPI KP 1TKIKPCNITÌ­G FKGUGT KO 1TKIKPCN PKEJV DGUEJCHHDCTGP /GFCKNNG FKG KO ,CJTG PWT FTGKOCN XGTNKGJGP YQTFGP KUV

225

14&'05-70&.+%*' .+6'4#674

)TKV\PGT /CZKOKNKCP *CPFDWEJ FGT 4KVVGT WPF 8GTFKGPUV 1TFGP CNNGT -WNVWTUVCCVGP FGT 9GNV KPPGTJCND FGU :+: ,CJTJWPFGTVU .GKR\KI 1TKIKPCNCWUICDG 5GKVGP OKV KP FGP 6GZV IGFTWEMVGP #DDKNFWPIGP IGDWPFGP +++

*GUUG 'FNGT XQP *GUUGPVJCN &T 9CNFGOCT WPF 5EJTGKDGT )GQTI &KG VTCIDCTGP 'JTGP\GKEJGP FGU &GWVUEJGP 4GKEJGU GKPUEJNKG­NKEJ FGT XQTOCNU UGNDUV·PFKIGP FGWVUEJGP 5VCCVGP UQYKG FGU -CKUGT VWOU WPF FGU $WPFGUUVCCVGU ¤UVGTTGKEJ FGT (TGKGP 5VCFV &CP\KI FGU )TQ­JGT\QIVWOU .WZGODWTI FGU (ÒTUVGPVWOU .KGEJVGPUVGKP WPF FGT 'JTGP\GKEJGP FGU 05&#2 $GTNKP 1TKIKPCNCWUICDG 5GK VGP WPF UY 6CHGNP IGDWPFGP 5VCTM IGDTCWEJV CDGT XQNNUV·PFKI +++

+OOGT PQEJ FKG $KDGN HÒT LGFGP &GWVUEJNCPF 5COONGT

.GUGT ,CEQD WPF 1UECT &KG 4KVVGT W 8GTFKGPUVQTFGP 'JTGP 8GTFKGPUV WPF &GPM\GKEJGP UQYKG &KGPUVCNVGTU #WU\GKEJPWPIGP FGU -ÌPKITGKEJU $C[GTP 5VTCWDKPI 1TKIKPCNCWUICDG 5GKVGP WPF (CTDVCHGNP OKV DGKIGDWPFGPGP 2GTICOKPDN·VVGTP IGDWPFGP ++

5VCPFCTFYGTM FGT DC[GTKUEJGP 1TFGPUMWPFG

1NFGPMQVV 5GPKQT %QOR *GPTKE U &KG 1TFGP WPF 'JTGP\GKEJGP FGT FGWVUEJGP $WPFGUUVCCVGP KO 9GNVMTKGI 4GGU CO 4JGKP QJPG ,CJT 1TKIKPCNCWUICDG 5GKVGP YGKVGTG HGJNGP WPF 6CHGNP $KNFEJGP HGJNGP UQPUV XQNNUV·PFKI &GT $WEJDNQEM KUV NQUG CWH OCPEJGP 5GKVGP HKPFGP UKEJ JCPFUEJTKHVNKEJG 'KPVTCIWPIGP 44 +8

5GJT UGNVGPGU <KICTGVVGPDKNFGTCNDWO FGUUGP $GFGWVWPI FWTEJ FKG UVCTMGP $GPWV\WPIUURWTGP PKEJV YGUGPVNKEJ DGGKP VT·EJVKIV YKTF

5EJTGKDGT )GQTI &KG 1TFGP WPF 'JTGP\GKEJGP #PJCNVU YKG FGT 5·EJUKUEJGP *GT\QIVÒOGT /ÒP EJGP 5GKVGP OKV (CTD WPF UY 6CHGNP MCTVQPKGTV ++

5VCPFCTFYGTM FGT CPJCNVKPKUEJGP 1TFGPUMWPFG

5EJTGKDGT )GQTI &KG $C[GTKUEJGP 1TFGP WPF 'JTGP\GKEJGP /ÒPEJGP 5GKVGP WPF (CTD WPF UY 6CHGNP IGDWPFGP OKV 5EJWV\WOUEJNCI ++

6TQUV . , &KG 4KVVGT WPF 8GTFKGPUV 1TFGP 'JTGP\GKEJGP WPF /GFCKNNGP CNNGT 5QWXGT·PG WPF 5VCCVGP UGKV $GIKPP FGU :+: ,CJTJWPFGTVU 9KGP WPF .GKR\KI 1TKIKPCNCWUICDG 3WGTHQTOCV 5GKVGP (CTD WPF UY 6CHGNP 6CHGNP VGKNYGKUG NQUG IGDWPFGP +++

5VCPFCTFYGTM FGU 1TFGPUMWPFG

226

-QPXQNWV XQP XGTUEJKGFGPGP QTFGPUMWPFNKEJGP 6KVGNP &CTWPVGT W C /GTKEMC 1TFGP WPF #WU \GKEJPWPIGP 2TCI 9CNNFQTH #UVQTKC 1TFGP $KNFGT JGTCWUIGUEJPKVVGP -NKGVOCPP &GWVUEJG #WU\GKEJPWPIGP #PJCNV $GTNKP )GGD -KTEJPGT &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP $QPP #WHNCIG KP WPVGTUEJKGFNKEJGP 'TJCNVWPIGP &C\W UGEJU WPKHQTOMWPFNKEJG -QTUEJ -CNGPFGT

$ÒEJGT ++ ++p+++ +++

LITERATURVERZEICHNIS #.6 #4' #46

5EJNQ­ WPF 5RKGNMCTVGPOWUGWO #NVGPDWTI #TGGP 'TPUV '

#54

#TVWM +DTCJKO WPF %GXTK[G 5QW[TKU 4QNNCPF #PFT¾

#54

5QW[TKU 4QNNCPF #PFT¾

$#-#

$CTVGN (TCPM WPF -CTRKPUMK ,ÒTIGP $CTFWNGEM /CZ

$#4 $#4# $#46 $#46

$CTCE $QTPQ WPF 2QICEKE 5KPKUC $CTVGN (TCPM $CTVGN (TCPM

$#46

$CTVGN (TCPM

$$/ $'.&

,QUNKP ' % .KVJGTNCPF # 4 WPF 5KOMKP $ 6 $GNFGEQU )GQTIG ,QJP

$'4)* $';

$GTIJOCP #TXKF $G[TGK­ (TKGFJGNO

$+)1 $+5*

$140 $174& $4# $4# $;8+'

$KIQU\GYUMC 9CPFC .GG ' WPF 'NNKQVV , 4QDGTV $NCUU 'TPUV $QTVJKEM &CXKF WPF $TKVVQP ,CEM $QTP¾ #PFT¾ %JCTNGU $QWTFKGT % $TCODKNNC #NGUUCPFTQ $TCODKNNC #NGUUCPFTQ $[TPG &CPKGN

%#$

%CDTCN &CXKF

%#.

%CNXÉ 2CUEWCN ,WCP .WKU

%#4&

%CTFKPCNG *[IKPWU 'WIGPG %GDCNNQU 'UECNGTC [ )KNC #NHQPUQ FG WPF )CTEÃC /GTECFCN [ )CTEÃC .Q[IQTTK (GTCPFQ /GTKEMC 8CENCX WPF -QWPQXUM[ ,QUGH )WKIWG FG %JCORXCPU FG (CT¾OQPV (T¾F¾TKE /CTSWKU %JCWXKEQWTV , WPF 5 %JGHFGDKGP #PPG FG

$.#6* $1$4

%'$#

%'58+$ %*#/2 %*#7 %*'(

'JTGP\GKEJGP FGU *GT\QIVWOU 5CEJUGP #NVGPDWTI &GMQTCVKQPGP FGU *GT\QINKEJ 5CEJUGP 'TPGUVKPKUEJGP *CWUQTFGPU &G 0QTFKUMC .·PFGTPCU 1HHKEKGNNC $GNÌPWPIUOGFCNLGT 1UOCPN[ 0KUCPNCTK 6JG 1VVQOCP 1TFGTU

#NVGPDWTI

)WKFG FGU 1TFTGU &¾EQTCVKQPU GV /¾FCKNNGU /KNKVCKTGU (TCPECKUGU GV VTCPI½TGU )WKFG FGU 1TFTGU %KXKN (TCPECKU GV VTCPIGTU FGU /¾FCKNNGU F *QPPGWT GV FGU /¾FCKNNGU FGU 5QEK¾V¾U

2CTKU

#WU\GKEJPWPIGP FGT &GWVUEJGP &GOQMTCVKUEJGP 4GRWDNKM &KG NGV\VGP ,CJTG FGT /ÒP\G KP &TGUFGP 9GTMUXGT\GKEJPKU 1FNKMQXCPLC K <PCMQXNLG 0G\CXKUPG &T\CXG *TXCVUMG

&&& 5RG\KCNMCVCNQI +P XKGT $·PFGP #WU\GKEJPWPIGP FGT &GWVUEJGP &GOQMTCVKUEJGP 4GRWDNKM 5RG\KCNMCVCNQI #WUICDG

&&4 5RG\KCNMCVCNQI $CPF + 5VCCVNKEJG #WU\GKEJPWPIGP $TKVKUJ $CVVNGU CPF /GFCNU

$GTNKP

6CIOCVC #TKUVCKCU -CK 5VTCVKQVKMC /GVCNNKC VGU *GNNCFQU *GNNGPKE 1TFGTU &GEQTCVKQPU CPF /GFCNU 0QTFKUMC 1TFPCT QEJ &GMQTCVKQPGT &GT *CWUQTFGP WPF FKG VTCIDCTGP 'JTGP\GKEJGP FGU )TQ­JGT\QIVWOU 1NFGPDWTI &¾EQTCVKQPU GV 1TFTGU 2QNQPCKU #OGTKECP 5QEKGV[ /GFCNU #P +FGPVKHKECVKQP )WKFG

#VJGP

&KG 1TFGP WPF 'JTGP\GKEJGP XQP 6JCKNCPF /GFCNU /KNKVCT[ CPF %KXKNKCP QH VJG 7PKVGF 5VCVGU

*CODWTI QJPG ,CJT 6WNUC QJPG ,CJT

&KUVKPEVKQPU *QPQTKHKSWGU FG NC $GNIKSWG .GU 1TFGTU (TCPECKU GV NGU 4¾EQORGPUGU 0CVKQPCNGU .G /GFCINKG +VCNKCPG .G /GFCINKG +VCNKCPG /KNKVCT[ 1TFGTU CPF /GFCNU QH 8KGVPCO

$TÒUUGN 2CTKU #WHNCIG /CKNCPF /CKNCPF 6WNUC

1TFGTU CPF &GEQTCVKQPU QH VJG &GOQETCVKE 2GQRNGU 4GRWDNKE QH -QTGC %TWEGU [ /GFCNNCU .C *KUVQTKC FG 'URCPC GP UWU %QPFGEQTCEKQPGU 1TFGTU QH -PKIJVJQQF #YCTFU CPF VJG *QN[ 5GG

5CP 4COQP

.CU ¡TFGPGU [ %QPFGEQTCEKQPGU EKXKNGU FGN 4GKPQ FG 'URCPC

/CFTKF

%GUMQUNQXGPUMC 8[\PCOGP±PK 8+ %±UV D ++ 0±TQFPÃ 1FDQL )GUEJKEJVG WPF )GUGV\IGDWPI FGT 4KVVGTQTFGP 'JTGP\GKEJGP WPF /GFCKNNGP FGU *GKNKIGP 5VWJNU

*TCFGE -TCNQYG

/¾FCKNNGU GV F¾EQTCVKQPU FG /CFCICUECT . I[RVG GV NGU &¾EQTCVKQPU

6CPCPPCTKXG 2CTKU

5VQEMJQNO +UVCPDWN

2CTKU

$GTNKP <CITGD $GTNKP DKU $GTNKP #WHNCIG $GTNKP .QPFQP

/CNOÌ 0QTFGTUVGFV 9CTUEJCW 5CPVC /QPKEC

1JPG 1TV )GTTCTFU %TQUU

0CEJFTWEM FGT #WUICDG 2CTKU

%*4+56

%JTKUVGPUGP 4QNH

-QPIGNKIG LWDKNCGWOU OKPFG QI GTKPFTKPIUOGFCNLGT &CPUMG 1TFGPUKPUKIPKGT &G -QPIGNKIG &CPUMG 4KFFGTQTFPGTU +PUKIPKGT K 1TFGPUMCRKVNGVU 5CONKPI %QPFGEQTCEKQPGU /KNKVCTGU 'URCPQNCU

0ºUVXGF

%*4+56

%JTKUVGPUGP 4QNH

%/' %12

)TCXCNQU )QP\CNG\ .WKU WPF %CNXQ 2GTG\ ,QU¾ .WKU %QRNG[ )TGIQT[ 4

'VJKQRKC 4GCEJGU *GT *CPF 7PVQ )QF +ORGTKCN 'VJKQRKC U 5[ODQNU 5VTWEVWTGU CPF 4QNG KP VJG /QFGTP 9QTNF .GU 1TFTGU 0CVKQPCWZ $GNIGU

#NGZCPFTKC 8KTIKPKC

%140

%QTPGV 4GP¾

&#0+

/E&CPKGN 2CWN WPF 5EJOKVV 2CWN , 4KDCWNV .QKE NG %COKPCFG $GTPCTF WPF .CEQODG 'TKE &GNCPFG /

6JG %QORTGJGPUKXG )WKFG VQ 5QXKGV 1TFGTU CPF /GFCNU +FGPVKHKECVKQP GV %QVG &¾EQTCVKQPU

#TNKPIVQP

.GU 1TFTGU (TCP¼CKU .GU 1TFTGU %QNQPKCWZ /¾FCKNNGU %QOO¾OQTCVKXGU /¾FCKNNGU Fʼn*QPPGWT FGU /KPKUV½TGU .GU %TQKZ GV /¾FCKNNGU FG NC )WGTTG FGU 2C[U #NNK¾U $WNICTKUMK 1TFGPK K /GFCNK -CVCNQI )TGGM 1TFGTU CPF /GFCNU &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP

&1'*

&GPMQY 8GUGNKP &KOCEQRQWNQU )GQTIG & -KTEJPGT *GKP\ WPF .CKVGPDGTIGT $KTIKV &QGJNG *GKPTKEJ

7O FGWVUEJG WPF GPINKUEJG $KNFDGUEJTGKDWPIGP GTI·P\VGT 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 2CTKU 5QHKC #VJGP -ÌNP #WHNCIG

&1)#

&QICTW /CTKC

&74

8CP &WTGP 2GVGT $CPFGT

#URKTCVKC 2QRQTWNWK 4QOCP URTG 7PKVCVG UK +PFGRGPVGPVC QINKPFKVC KP 5KODQN 1TFGTU QH -PKIJVJQQF CPF QH /GTKV 6JG 2QPVKHKECN 4GNKIKQWU CPF 5GEWNCTKUGF %CVJQNKE HQWPFGF 1TFGTU CPF VJGKT TGNCVKQPUJKR VQ VJG #RQUVQNKE 5GG

'(. '(9#

'HNGT )GTV 'HNGT )GTV

'4ª

'TÒTGVGP /GVKP

'8'45

'XGTU % *

(1$1 (14/

(QUVGT %QN (TCPM WPF $QTVU .CYTGPEG (QTOCP #FTKCP

(4-

*CTVWPI .QVJCT

)#. )#.1

)'$

)CNRGTKP 2GVGT )CNC\\GVVK #NDGTVQ WPF .QODCTFK (KNKRRQ )CVVKPIGT -CTN WPF 5VQN\GT ,QJCPP )GDCWGT 9QNHTCO

)'1% )+..'6 )+../:

YYY IGQEKVKGU EQO )KNN &GPPKU )KNNKPIJCO *CTQNF '

&'% &'.

&'0&+/# &1'

)#66

&KG #WU\GKEJPWPIGP FGU )TQ­FGWVUEJGP 4GKEJGU 1TFGP 'JTGP\GKEJGP #D\GKEJGP

0CGUVXGF /CFTKF

$TÒUUGN

$KCTTKV\ #WHNCIG

0CEJFTWEM 0QTFGTUVGFV FGT #WHNCIG $GTNKP $WMCTGUV )GTTCTFU %TQUU

&GWVUEJG (GWGTYGJT #WU\GKEJPWPIGP &KG 1TFGP WPF 'JTGP\GKEJGP FGU (ÒTUVGPVWOU 9CNFGEM WPF 2[TOQPV 1UOCPNK /CFCN[CNCTK XG 0KUCPNCTK $GNIGTNG 6CTKJK 1VVQOCP /GFCNU CPF 1TFGTU &QEWOGPVGF *KUVQT[ 1PFGTUEJGKFKPIGP .GKFTCCF XQQT FG FGEQTCVKGU XCP JGV -QPKPMTKLM FGT 0GFGTNCPFGP

5EJYCNOUVCFV 5EJYCNOUVCFV

75 /KNKVCT[ /GFCNU VQ

(QWPVCKP +PP

(QTOCP U )WKFG VQ 6JKTF 4GKEJ )GTOCP #YCTFU #PF VJGKT 8CNWGU TF GFVKQP &GWVUEJG (TGKMQTRU #WHNCIG

$TCWPVQP WPF 5CP ,QU¾ #WHNCIG .CPIGNQJ #WHNCIG

&KG 'JTGP\GKEJGP FGT (TGKGP *CPUGUVCFV $TGOGP &GEQTC\KQPK G FKUVKPVKXK FGNNC %TQEG 4QUUC +VCNKCPC

(TCPMHWTV 2CXKC

-NGKP CDGT HGKP /KPKCVWTGP WPF 4GFWMVKQPGP ÌUVGTTGKEJKUEJGT 1TFGP WPF 'JTGP\GKEJGP &KG 1TFGP WPF 'JTGP\GKEJGP XQP 5CEJUGP GKPUEJNKG­NKEJ FGT U·EJUKUEJGP 8GTFKGPUV 2T·OKGP 2TGKU WPF #WU\GKEJPWPIUOGFCKNNGP 9GDUKVG 1TFGTU &GEQTCVKQPU CPF /GFCNU 6JG %QKPCIG QH 'VJKQRKC 'TKVTGC CPF +VCNKCP 5QOCNKC /GZKECP &GEQTCVKQPU QH *QPQWT

5CN\DWTI

+UVCPDWN #OUVGTFCO

&TGUFGP #WHNCIG

)CTFGP %KV[ 0; 0CEJFTWEM FGT #WUICDG 0GY ;QTM

)+..5#

)KNNKPIJCO *CTQNF '

5QWVJ #OGTKECP &GEQTCVKQPU CPF 9CT /GFCNU

)418

)TQXG (TCPM )

1TFGTU #YCTFU CPF /KNKVCT[ &GEQTCVKQPU

)7+

)WKTCWF &CTOCKU ,CESWGU

1TFTGU GV &¾EQTCVKQPU /QP¾ICUSWGU

)751

)WUQXKWU *CPU )GQTI XQP

1TFGP PQTFFGWVUEJGT 5VCCVGP FGU ,CJTJWPFGTVU

0CEJFTWEM FGT #WUICDG 0GY ;QTM 0CEJFTWEM FGT #WUICDG )WCFCNCLCTC /QPCEQ GTYGKVGTVG #WHNCIG %GNNG

*#+6 *#0

.GU &¾EQTCVKQPU *CKVKGPPGU ¯ VTCXGTU N *KUVQKTG 8CRCWFGPTKUVKP 4KVCTKMWPVC

2QTV CW 2TKPEG 2QTXQQ

*#05

'VKGPPG (TCPEKU 'F *CPMKOQ 1NCXK $GTITQVJ 6QO % WPF CPFGTG *CPU /CZ

%QDWTI

*#46

*CTVWPI .QVJCT

*'-7

5CWGT 9GTPGT

*'..

*GNNGT $QD

*'/1 *'1

*GTHWTVJ &KGVTKEJ WPF /QNKVQT ,GCP *KGTQP[OWUUGP 2CWN 1JO

&KG 1TFGP WPF 'JTGP\GKEJGP XQP 5CEJUGP %QDWTI 5CCNHGNF WPF 5CEJUGP %QDWTI )QVJC #WU\GKEJPWPIGP FGU 4GKEJGU 5RG\KCNMCVCNQI

&KG 1TFGP WPF 'JTGP\GKEJGP FGU -WTHÒTUVGPVWOU *GUUGP -CUUGN 1TFGTU &GEQTCVKQPU /GFCNU QH VJG 4GRWDNKE QH

5QWVJ 8KGVPCO /KNKV·TKUEJG #WU\GKEJPWPIGP FGT 7F554 *CPFDWEJ 'WTQR·KUEJGT 1TFGP KP (CTDGP

*'4(

*GTHWTVJ &KGVTKEJ

$GTNKP #WHNCIG D\Y #WHNCIG $GTNKP #WHNCIG

*';&

*G[FGP *GTOCPP X

*';&+6

*G[FGP *GTOCPP XQP

*1'(6

*QGHVOCPP ( 9

*1.<

*QN\OCPP #WIWUV

*75

*GUUGPVJCN 9CNFGOCT 'FNGT XQP WPF 5EJTGKDGT )GQTI

*ª5-

*ÒUMGP #PFT¾

*ª52

*ÒUMGP #PFT¾

+..

+NNKPI (TKV\ )

5QYLGVKUEJG #WU\GKEJPWPIGP #WU\GKEJPWPIGP FGT /QPIQNKUEJGP 8QNMUTGRWDNKM 'KP -CVCNQI 8KGTVG #WUICDG 'JTGP <GKEJGP -TKGIU &GPM\GKEJGP 8GTFKGPUV WPF &KGPUVCNVGT <GKEJGP FGT GTNQUEJGPGP WPF DNÒJGPFGP 5VCCVGP &GWVUEJNCPFU WPF ¤UVGTTGKEJ 7PICTPU 'JTGP\GKEJGP -TKGIU &GPM\GKEJGP 8GTFKGPUV &KGPUVCNVGT <GKEJGP 4GVVWPIU /GFCKNNGP WPF #D\GKEJGP KO -ÌPKITGKEJ +VCNKGP WPF KP UGKPGP GTNQUEJGPGP 5VCCVGP 5CTFKPKGP .QODCTFGK 8GPGFKI 2CTOC /QFGPC .WEEC 6QUECPC $GKFG 5K\KNKGP -KTEJGPUVCCV UQYKG 5CP /CTKPQ &GT 2TGWUUKUEJG 1TFGPUJGTQNF

$CFGPU 1TFGP WPF 'JTGP\GKEJGP 9CRRGP 5VCPFCTVGP WPF (NCIIGP WPF FKG 7PKHQTOGP FGT )TQ­JGT\QINKEJ $CFKUEJGP %KXKN 5VCCVU $GCOVGP &KG VTCIDCTGP 'JTGP\GKEJGP FGU &GWVUEJGP 4GKEJGU GKPUEJNKG­NKEJ FGT XQTOCNU UGNDUV·PFKIGP FGWVUEJGP 5VCCVGP UQYKG FGU -CKUGTVWOU WPF FGU $WFGUUVCCVGU ¤UVGTTGKEJ FGT (TGKGP 5VCFV &CP\KI FGU )TQ­JGT\QIVWOU .WZGODWTI FGU (ÒTUVGPVWOU .KGEJVGPUVGKP WPF FGT 'JTGP\GKEJGP FGU 05&#2 -CVCNQI FGT 1TFGP WPF 'JTGP\GKEJGP FGU &GWVUEJGP 4GKEJGU -CVCNQI FGT 1TFGP 'JTGP\GKEJGP WPF #WU\GKEJPWPIGP FGU -WTHÒTUVGPVWOU $TCPFGPDWTI FGT /CTMITCHUEJCHVGP $TCPFGPDWTI #PUDCEJ WPF $TCPFGPDWTI $C[TGWVJ FGU -ÌPKITGKEJU 2TGW­GP FGT 4GRWDNKM 2TGW­GP WPVGT $GTÒEMUKEJVKIWPI FGU &GWVUEJGP 4GKEJGU 1TFGP WPF 'JTGP\GKEJGP FGT 5VCCVGP 6JÒTKPIGPU

.CPIGNQJ #WHNCIG

*CODWTI QJPG ,CJT /KCOK $GTNKP

/GKPKPIGP 0CEJVT·IG /GKPKPIGP (TCPMHWTV WPF 9KGUDCFGP 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 9KGUDCFGP

0CEJFTWEM 1HHGPDCEJ FGT #WUICDG $GTNKP OKV FGP FTGK 0CEJVT·IGP XQP WPF 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG -CTNUTWJG 0CEJFTWEM QJPG 1TV WPF QJPG ,CJT FGT #WUICDG $GTNKP

*CODWTI $·PFG *CODWTI

*KNFDWTIJCWUGP

+5'

+UGPDGEM ,WNKWU

&CU 0CUUCWKUEJG /ÒP\YGUGP

0CEJFTWEM /ÒPUVGT FGT #WUICDG QJPG 1TV WPF QJPG ,CJT

,¤4) ,¤4)

,ÌTIGPUGP 2GVGT , ,ÌTIGPUGP 2GVGT ,

&GP +UNCPFUMG (CNMGQTFGP QI FG +UNCPFUMG /GFCNLGT &CPKUJ 1TFGTU CPF /GFCNU

-QRGPJCIGP -QRGPJCIGP

-#8

-CXCNKCWUMCU 8KNKWU

-QRGPJCIGP

-&1'

-.'0

-NGPCW #TPJCTF )TCH

-.'8+' -.+#

-NGPCW #TPJCTF )TCH -NKGVOCPP &T -WTV )GTJCTF -NKGVOCPP &T -WTV )GTJCTF -NKGVOCPP &T -WTV )GTJCTF -NGKP 7NTKEJ WPF 4CHH #NDGTV

#OGTKECP /GFCNU CPF &GEQTCVKQPU /WPVGP GP 'TGVGMGPU XCP JGV -QPKPTKLM $GNIKG

)TQ­GT &GWVUEJGT 1TFGPUMCVCNQI 1TFGP WPF 'JTGP\GKEJGP DKU 'WTQR·KUEJG 1TFGP CD -CVCNQI QJPG &GWVUEJNCPF 1TFGP WPF 'JTGP\GKEJGP FGT 4GRWDNKM 5ÒF 8KGVPCO &GWVUEJG #WU\GKEJPWPIGP #PJCNV

.QPFQP $TÒUUGN

-.'&

0KOOGTIWV ,ÌTI XQP FGT *G[FG 4WFQNH WPF (GFGT -NCWU -GTTKICP 'XCPU ' -G[OGWNGP #PFT¾ 8CP WPF 5WGVGPU +XQ -NGPCW #TPJCTF )TCH

1TFGTU &GEQTCVKQPU CPF /GFCNU QH 'UVQPKC .CVXKC CPF .KVJWCPKC -CVCNQI &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP DKU \WT )GIGPYCTV

&GWVUEJG #WU\GKEJPWPIGP ņ WPF $CPF

$GTNKP WPF

2JCNGTKUVKM 4WO·PKGP

$GTNKP

&KG 9ÒTVVGODGTIKUEJGP /GFCKNNGP XQP

GKPUEJNKG­NKEJ FGT /ÒP\GP WPF /GFCKNNGP FGT YGKDNKEJGP #PIGJÌTKIGP &KG 9ÒTVVGODGTIKUEJGP /GFCKNNGP XQP

GKPUEJNKG­NKEJ FGT 1TFGP WPF 'JTGP\GKEJGP 1TFGPC 5554 1TFGPC 5QYLGVUMKEJ 4GURWDNKM

5VWVVICTV

&KG 4KVVGT WPF 8GTFKGPUVQTFGP 'JTGP 8GTFKGPUV WPF &GPM\GKEJGP UQYKG &KGPUVCNVGTUCWU\GKEJPWPIGP FGU -ÌPKITGKEJU $C[GTP 5EJYGK\GT /GFCKNNGP CWU CNVGO 2TKXCVDGUKV\ (ÒTUVNKEJ *QJGP\QNNGTUEJG 1TFGP WPF 'JTGP\GKEJGP

0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 5VTCWDKPI <ÒTKEJ (TKFKPIGP

5XGPUMC 1TFPCT QEJ /GFCNLGT

5VQEMJQNO #WHNCIG

-GTGU\V TGO %UKNNCI ņ -KVÒPVGV¾UGM C OCI[CT VÌTV¾PGNGODGP /CNC[CP 1TFGTU CPF &GEQTCVKQPU

$WFCRGUV

1TFGPUKPUKIPKGP WPF #WU\GKEJPWPIGP FGU 5QWXGT·PGP /CNVGUGT 4KVVGTQTFGPU &KG 1TFGP WPF 'JTGP\GKEJGP FGU FGWVUEJGP 4GKEJGU WPF FGT 9GKOCTGT 4GRWDNKM 5NQXGPUMG 4CF[ 8[\PCOGPCPKC %GUVP¾ 1F\PCM[

-ÌNP #WHNCIG

#WU\GKEJPWPIGP FGT ¤UVGTTGKEJKUEJ 7PICTKUEJGP /QPCTEJKG WPF FGT <YKUEJGPMTKGIU\GKV 2TGKUMCVCNQI

*CYCKKCP 4Q[CN 1TFGTU +PUKIPKC %NCUUGU 4GIWNCVKQPU CPF /GODGTU

.KP\

-'44 -';57

-.+& -.+47 -.4( -.4( -7< -7<42

-NGKP 7NTKEJ WPF 4CHH #NDGTV -W\GPMQ #PCVQNK -W\GPMQ #PCVQNK WPF 5OKTPQY +WTK

.'5

.GUGT ,CEQD WPF 1UECT

.'7/'& .+0-

$CPM .GW #) *I .KPM 'XC WPF )CWIIGN *GKP\ .ÌYGPJKGNO (TGFTKM

.¤9

/#/#. /#.6 /#0& /#4%

/CMCK IPGU WPF *¾TK 8GTC 1 6QQNG 'COQPP * WPF 5JGRRCTF *CLK #DFWN /WDKP -KTEJPGT *GKP\ WPF 6TWU\E\[PUMK )GQTI XQP /CPFT[ *QTUV

/#4-

/CTEKPMQ ,CP WPF ,KTQWUGM #NGZCPFGT /CTMQ #NGZCPFGT #

/'&%

/GFECNH )QTFQP

/ÒPEJGP #WHNCIG

/ÒPEJGP 4QUGPJGKO *CODWTI QJPG ,CJT $GTNKP

5VWVVICTV 1JPG 1TV 1JPG 1TV

1JPG 1TV

*KNFGUJGKO QJPG ,CJT -QUKEG

0CEJFTWEM FGT #WUICDG *QPQNWNW

/'4¤56

/GTKEMC 8CENCX

/+%*

/KEJGVUEJN·IGT *GKPTKEJ (

/14+ /14+ /ª<'

/QTKVVW )KWUGRRG /QTKVVW )KWUGRRG &GPKUGPMQ #[VGP

/;$

/CEMC[ ,COGU WPF /WUUGNN ,QJP 9

0'& 0'2

/GKLGT * ) /WNFGT % 2 WPF 9CIGPCCT $ 9 8KDJQQUJCPC %QOOKVVGG

0+'/

0KGOCPP &GVNGX

0+// 0+//¤

0KOOGTIWV ,ÌTI 0GWDGEMGT &T 1VVHTKGF WPF 0KOOGTIWV ,ÌTI

1#0

9GTNKEJ 4QDGTV

1'-

0KOOGTIWV ,ÌTI

1.5 -

1NUQP &CXKF

1.5 4

1NUQP &CXKF

2#$1 2')7 2'4' 2'4)

1TFGP WPF 'JTGP\GKEJGP FGT ÌUVGTTGKEJKUEJ WPICTKUEJGP /QPCTEJKG &CU 1TFGPUDWEJ FGT IGYGUGPGP ¤UVGTTGKEJKUEJ 7PICTKUEJGP /QPCTEJKG

)WGTTG G &GEQTC\KQPK /GTKVK G &GEQTC\KQPK #UMGT[ /Ò\G 1UOCPNK XG %WOJWTK[GV &ÌPGOK /CFCN[C XG 0KUCPNCT -CVCNQIW 6JG /GFCN ;GCTDQQM

1TFGTU CPF &GEQTCVKQPU QH 6JG 0GVJGTNCPFU 1TFGTU &GEQTCVKQPU CPF /GFCNU QH VJG -KPIFQO QH 0GRCN $GYGTVWPIU -CVCNQI 1TFGP WPF 'JTGP\GKEJGP &GWVUEJNCPF 2TKEG )WKFG 1TFGTU CPF &GEQTCVKQPU )GTOCP[ &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP DKU ¤UVGTTGKEJ -CVCNQI 1TFGP WPF 'JTGP\GKEJGP CD DKU \WT )GIGPYCTV

9KGP WPF /ÒPEJGP

6GEJPKUEJ ÒDGTCTDGKVGVG WPF XGT·PFGTVG 0GWCWUICDG 1HHGPDCEJ FGT #WUICDG 9KGP

2CFWC #WHNCIG 2CFWC +UVCPDWN QJPG ,CJT *QPKVQP

1JPG 1TV #WHNCIG

-CVOCPFW *CODWTI #WHNCIG

/ÒPEJGP DKU /ÒPEJGP

1TFGTU CPF &GEQTCVKQPU QH CNN 0CVKQPU ņ #PEKGPV CPF /QFGTP ņ %KXKN CPF /KNKVCT[ &GWVUEJNCPF -CVCNQI 1TFGP 'JTGP\GKEJGP 4Q[CN -KPIFQO QH 'I[RV 1TFGTU CPF /GFCNU

6JG #TCD 4GRWDNKE QH 'I[RV %KXKNKCP CPF /KNKVCT[ &GEQTCVKQPU CPF /GFCNU

9CUJKPIVQP #WHNCIG

/ÒPEJGP

2CVTKMGGX 5 $ WPF $QLPQXKEJ # &

0CITWFPKG 5PCMK 4QUUKK $CFIIGU QH 4WUUKC 1TFGPGU [ %QPFGEQTCEKQPGU FG 'URCPC 1UOCPNKNCTFC /CFGPK 2CTCNCT &GWU .Q 8WNV &GT 4KVVGTQTFGP XQO *GKNKIGP )TCDG XQP ,GTWUCNGO 1TFGTU CPF /GFCNU QH ,CRCP CPF #UUQEKCVGF 5VCVGU

2'641 2+.'

2¾TG\ )WGTTC ,QU¾ /CPWGN 2GTG 0WTK 2GTINGT 2GVGT 2CWN WPF 5VQN\GT ,QJCPP 2GVGTUQP ,COGU 9 9GCXGT $CT[[ % WPF 3WKING[ /KEJCGN # 2GVTQX 6QFQT 2KNGVK /KNC

/QUMCW WPF 5V 2GVGTUDWTI $CPF WPF $CPF 5CTCIQUUC +UVCPDWN 9KGP

21.+# 24+$#

2QNKCPQ .WKU /CTSWGU 2TKGVQ $CTTKQ #PVQPKQ

24-

-NGPCW #TPJCTF )TCH WPF 5CWGTYCNF 2GVGT 2TQEJ±\MC 4QOCP (TGKJGTT XQP 2WGPVG [ )ÉOG\ (GFGTKEQ (GTP±PFG\ FG NC 2WNGE 8NCFKXQL

2'6

241 27'0 27.

4#/

&QTNKPI * 6CRTGNN WPF /CUQP (TCPEKU -

1JPG 1TV WPF QJPG ,CJT 5V 2CWN /0 QJPG ,CJT

5CP 4COQP

1TFGPK K /GFCNK Y $WNICTKC 1FNKMQYCPLC 2TYG 2QNQYKPG 9GMC FQ KU 5DKTMG 9QLPQI /WUGLC [ $GQITCFW 1TFGPU *QPQTKHKECU FQ $TCUKN &KEEKQPCTKQ FG EKPVCU FG 4GEQORGPUCU 'URCPQNCU

FGUFG &KG 1TFGP WPF 'JTGP\GKEJGP FGU -ÌPKITGKEJU 2TGW­GP (CTDMCVCNQI OKV 2TGKUGP ¤UVGTTGKEJKUEJGU 1TFGPUJCPFDWEJ ņ )TQ­G #WUICDG

5QHKC #WHNCIG $GNITCF

%QPFGEQTCEKQPGU 'URCPQNCU 1TFGPGU %TWEGU [ /GFCNNCU %KXKNGU /KNKVCTGU [ 0QDKNKCTKCU %GUMQENQXGPUMC 5VCVPK 8[\\PCOGPCPK 5VCVPK %GUVPC 7\PCPK C %GP[

/CFTKF

4KDDQPU CPF /GFCNU

.QPFQP #WHNCIG

4KQ FG ,CPGKTQ /CFTKF 1HHGPDCEJ CO /CKP

/ÒPEJGP

2TCI

4#/

4'; 41$7

&QTNKPI * 6CRTGNN WPF 2WTXGU #NGE # 4CXGVVQ )KWUGRRG 5¾\CPPG 2CQNQ WPF +ODTKIJK 2KGT .WKIK 4GEMGYGNN 4QIGT WPF (KUEJGT ,GPU 4G[PQNFU 4QDGTV * 4QOCPQHH 2TKPEG &KOKVTK

41((

4QHHKIPCE 0KEQNCU FG

41)4+ 41/1 47&'

4QOCPQHH 2TKPEG &KOKVTK 4QOCPQHH 2TKPEG &KOKVTK 4WFG\ 5VQLCP

47)

5QXTCPQ /KNKVCTG 1TFKPG )GTQUNQNKOKVCPQ FK /CNVC

5#(6#

&GEQTCVKK 4QOCPGUVK FG 4C\DQK

$WMCTGUV

5#..

5CHVC +QP ,KRC 4QVCTW 8GNVGT 6KDGTKW WPF /CTKPGUEW (NQTKEGN 5CNNCEJ #NGZCPFGT XQP

&KG 1TFGP WPF 'JTGP\GKEJGP WPUGTGT 4GRWDNKM <YGKVG #WHNCIG

5%*#

5EJCTHGPDGTI )GTF

5%*'/

5EJGOGKV /CPHTGF

5%*/

5EJOKFV )Ã&#x2019;PVGT 'TKM

5%*/ 4

5EJOKFV )Ã&#x2019;PVGT 'TKM

5%*/ 4 5%*/+47

5EJOKFV )WGPVGT 'TKM 5EJOKVV 4CKPGT

5%*115

5EJQQU ,GCP

5%*4#

5EJTGKDGT )GQTI

5%*4$ 5%*4-

5EJTGKDGT )GQTI 5EJYCT\ 9CNVGT #

5%*9/#

5EJYCT\ 9CNVGT #

5'/1 52#$1

5GOQVKWM ,CTQUNCY 5RCFC &T #PVQPKQ

52#/# 52+0-

5RCFC &T #PVQPKQ .KVJGTNCPF #PFTGY 4 WPF 5KORMKP $TKCP 6 5TUGP .WDQOKT WPF 5VGJNKMQXC &CPC 5VCPKUNCXQXKEJ 5JKUJMQX 5GTIG[ WPF 8CNGPVKPQXKEJ /W\CNGYUM[ /KMJCKN 5VGXPUDQTI .CTU

&KG 1TFGP WPF 'JTGP\GKEJGP FGT #PJCNVKUEJGP 5VCCVGP 'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU LGV\V 'JTGP\GKEJGP WPF /GFCKNNGP FGT 4GRWDNKM ¤UVGTTGKEJ WPF FGT $WPFGUN·PFGT CD FGO ,CJTG 'JTGP\GKEJGP WPF 1TFGP KO ¤UVGTTGKEJ FGT <YKUEJGPMTKGIU\GKV 1TFGP WPF 'JTGP\GKEJGP ¤UVGTTGKEJU &KG #WU\GKEJPWPIGP FGT 8QNMUTGRWDNKM WPF FGT 5Q\KCNKUVKUEJGP 4GRWDNKM 4WO·PKGP DKU &KG 1TFGP WPF 'JTGP\GKEJGP FGU )TQ­JGT\QIVWOU .WZGODWTI WPF FGU GJGOCNKIGP *GT\QIVWOU 0CUUCW KP 8GTICPIGPJGKV WPF )GIGPYCTV &KG 1TFGP WPF 'JTGP\GKEJGP #PJCNVU YKG FGT 5·EJUKUEJGP *GT\QIVÃ&#x2019;OGT &KG $C[GTKUEJGP 1TFGP WPF 'JTGP\GKEJGP &KG 'JTGP\GKEJGP WPF /GFCKNNGP FGU ¤UVGTTGKEJKUEJGP 4QVGP -TGW\GU 8GTNGKJG KEJ +JPGP &KG OKNKV·TKUEJGP #WU\GKEJPWPIGP FGT 4GRWDNKM ¤UVGTTGKEJ WPF FGTGP 8QTI·PIGT 7MTCKPUMK 9KLUMQYK 9KFUPCMK 1TFKPK &KPCUVKEK FGNNC 4GCN %CUC FK $QTDQPG FGNNG &WG 5KEKNKG 5QXTCPQ /KNKVCTG 1TFKPG FK /CNVC 5RKPMÅ&#x2030;U 5VCPFCTF %CVCNQIWG QH $TKVKUJ CPF CUUQEKCVGF 1TFGTU &GEQTCVKQPU CPF /GFCNU YKVJ XCNWCVKQPU /GZKEMG FQDTQFTW\UVXK /CZKOKNKCPC *CDUDWTUMGJQ

-QPUVCP\ \YGKVG YGUGPVNKEJ GTYGKVGTVG #WHNCIG 1HHGPDCEJ CO /CKP

.Ã&#x2019;FGPUEJGKF

4#8 4'%-

545 56#8# 56'8 561.'

5VQN\GT ,QJCPP WPF 5VGGD %JTKUVKCP

4KDDQPU CPF /GFCNU )NK 1TFKPK %CXCNNGTGUEJK +VCNKCPK

.QPFQP #WHNCIG

4QO

1TFGP 'JTGP WPF #D\GKEJGP FGU *GT\QIVWOU $TCWPUEJYGKI .Ã&#x2019;PGDWTI XQP DKU 2JKNKRRKPG /GFCNU 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH VJG -KPIFQO QH $WNICTKC 1TFTGU GV /¾FCKNNGU FGU 2C[U F #HTKSWG ¯ N 'RQSWG 2QUV %QNQPKCNG FG ¯ PQU ,QWTU 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH +ORGTKCN 4WUUKC 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH /QPVGPGITQ 1FNKMQXCPLC 5QEKCNKUVKEMG (GFGTCVKXPG 4GRWDNKMG ,WIQUNCXKLG 4WQNQ )GPGTCNG 7HHKEKCNG FGN )TCP /CIKUVGTQ

$TCWPUEJYGKI )NCUDQTQ 4WPIUVGF -[UV 2CTKU 4WPIUVGF -[UV 4WPIUVGF -[UV $GNITCF 0CEJFTWEM FGT #WUICDG /CKNCPF

9KGP )TC\ 9KGP 1HHGPDCEJ CO /CKP

.WZGODWTI /Ã&#x2019;PEJGP /Ã&#x2019;PEJGP 9KGP 9KGP 6QTQPVQ $TGUEKC $TGUEKC .QPFQP 2TCI

1TFGPC K /GFCNK 5554

9NCFKYQUVQM

&GPOCTMU 4KIGU /GFCNLGT QI *CGFGTUVGIP

¤UVGTTGKEJU 1TFGP XQO /KVVGNCNVGT DKU \WT )GIGPYCTV

1FGPUG )TC\

564# 564$'

5VTCVQWFCMKU )GQTIG 5VTCPFDGTI ,QJP WPF $GPFGT 4QIGT ,COGU 5WMGPÃM .WFXÃM WPF 0QXQVPÓ 8NCUVKUNCX 5WMGPÃM .WFXÃM WPF 0QXQVPÓ 8NCUVKUNCX 5[NXGUVGT ,QJP WPF (QUVGT (TCPM

)TGGM /GFCNU 6JG %CNN QH &WV[ /KNKVCT[ #YCTFU CPF &GEQTCVKQPU QH VJG 7PKVGF 5VCVGU QH #OGTKEC %GUMQUNQXGPUM± 8[\PCOGP±PÃ

#VJGP 5CP ,QU¾

%GUMQUNQXGPUM¾ C %GUM¾ 4CF[ C 8[\PCOGP±PÃ

6JG &GEQTCVKQPU QH VJG 4GRWDNKE QH 8KGVPCO CPF JGT #NNKGU

1JPG 1TV

6#/5#

6COOCPP ) #PFTGCU WPF 2CVKGPEG -

&KG 1TFGP XQP 5CPUKDCT 'KP 5VTGKHNKEJV CWH FKG FGWVUEJG -QPKCNIGUEJKEJVG

6#<'

6C\GFCMKU 2CPQU 0

6'6

6GVTK ,WJC '

6JG 1TFGT QH VJG 4GFGGOGT #PCVQO[ CPF RCVJQNQI[ QH VJG KPUKIPKC QH VJG )TGGM 1TFGT QH VJG 4GFGGOGT -WPPKCOGTMMKMKTLC

+P &CU &TKVVG WPF 8KGTVG )WP\GPJ·WUGT 2JCNGTKUVKM 5[ORQUKWO 1HHGPDCEJ CO /CKP

#VJGP

6*#+

5GETGVCTKCVG QH VJG %CDKPGV 1HHKEG QH VJG 2TKOG /KPKUVGT 6JKGU #PFTGCU WPF *CRMG 9KNJGNO 6TGPECP .WFQXKV

57-' 57-' 5;(1

6*+*# 64'0 64+)

4Q[CN 6JCK 1TFGTU CPF &GEQTCVKQPU

1JPG 1TV

(QWPVCKP +PP

*GNUKPMK #WHNCIG

$CPIMQM #WHNCIG

1TFGP WPF 'JTGP\GKEJGP FGU -ÌPKITGKEJGU *CPPQXGT

*CODWTI

4CF[ C X[\PCOGPCPKC 5NQXGPUMGL TGRWDNKMGL

6JG 6JTGG 2QTVWIGUUG /KNKVCT[ 1TFGTU QH -PKIJVJQQF

)WKFG FGU 1TFTGU /¾FCKNNGU GV &¾EQTCVKQPU QHHKEKGNU DGNIGU FG ¯ CXGE ¾UVKOCVKQPU EJKHHT¾GU FG NGWTU XCNGWTU

6TPCXC

64+2

6TKIWGKTQU #PVÉPKQ / WPF 6COOCPP )WUVCX # 6TKRPCWZ 'TKE

)NCUUDQTQ

8'40

8GTPQP 5[FPG[ $

8GTPQP U %QNNGEVQTU )WKFG VQ 1TFGTU /GFCNU &GEQTCVKQPU 9KVJ 8CNWCVKQPU

6GOGEWNC ÒDGTCTDGKVGVG #WUHNCIG

81..

8QNNG *GPPKPI

$CFGPU 1TFGP

(TGKDWTI

9#.

9CNVGT *CPPGU

6CNNKPP

9#.&

9CNFQTH #UVQTKC ) O D *

9'$ 9'+.+ 9'+.1 9'4.

9GDGT &KGVGT #TPQNF 2CWN WPF -GKN 2GVGT 9GKNNGT 4C[OQPF 9GKNNGT 4C[OQPF 9GTNKEJ 4QDGTV

'GUVK 6GGPGVGO·TIKF 'UVQPKCP 1TFGTU CPF &GEQTCVKQPU 1TFGP 'KPG 5COONWPI FGT DGMCPPVGUVGP &GWVUEJGP 1TFGP WPF #WU\GKEJPWPIGP &KG 1TFGP FGU -ÌPKITGKEJU 5CEJUGP

94'&

9TGFG ' (

&¾EQTCVKQPU 2TKX¾GU &¾EQTCVKQPU 1HHKEKGNNGU 4WUUKCP 1TFGTU &GEQTCVKQPU CPF /GFCNU KPENWFKPI VJQUG QH +ORGTKCN 4WUUKC VJG RTQXKUKQPCN )QXGTPOCPGV VJG %KXKN 9CT CPF VJG 5QXKGV 7PKQP (KPNCPFU 7VO·TMGNUGVGEMGP

<'+

<GKIG %CTUVGP

'WTQRC 2TGKUMCVCNQI

1JPG 1TV

/ÒPEJGP QJPG ,CJT 1HHGPDCEJ CO /CKP

.WZGODWTI .WZGODQWTI 9CUJKPIVQP *GNUKPMK *CODWTI

LITERATURVERZEICHNIS #.6 #4' #46

5EJNQ­ WPF 5RKGNMCTVGPOWUGWO #NVGPDWTI #TGGP 'TPUV '

#54

#TVWM +DTCJKO WPF %GXTK[G 5QW[TKU 4QNNCPF #PFT¾

#54

5QW[TKU 4QNNCPF #PFT¾

$#-#

$CTVGN (TCPM WPF -CTRKPUMK ,ÒTIGP $CTFWNGEM /CZ

$#4 $#4# $#46 $#46

$CTCE $QTPQ WPF 2QICEKE 5KPKUC $CTVGN (TCPM $CTVGN (TCPM

$#46

$CTVGN (TCPM

$$/ $'.&

,QUNKP ' % .KVJGTNCPF # 4 WPF 5KOMKP $ 6 $GNFGEQU )GQTIG ,QJP

$'4)* $';

$GTIJOCP #TXKF $G[TGK­ (TKGFJGNO

$+)1 $+5*

$140 $174& $4# $4# $;8+'

$KIQU\GYUMC 9CPFC .GG ' WPF 'NNKQVV , 4QDGTV $NCUU 'TPUV $QTVJKEM &CXKF WPF $TKVVQP ,CEM $QTP¾ #PFT¾ %JCTNGU $QWTFKGT % $TCODKNNC #NGUUCPFTQ $TCODKNNC #NGUUCPFTQ $[TPG &CPKGN

%#$

%CDTCN &CXKF

%#.

%CNXÉ 2CUEWCN ,WCP .WKU

%#4&

%CTFKPCNG *[IKPWU 'WIGPG %GDCNNQU 'UECNGTC [ )KNC #NHQPUQ FG WPF )CTEÃC /GTECFCN [ )CTEÃC .Q[IQTTK (GTCPFQ /GTKEMC 8CENCX WPF -QWPQXUM[ ,QUGH )WKIWG FG %JCORXCPU FG (CT¾OQPV (T¾F¾TKE /CTSWKU %JCWXKEQWTV , WPF 5

$.#6* $1$4

%'$#

%'58+$ %*#/2 %*#7

'JTGP\GKEJGP FGU *GT\QIVWOU 5CEJUGP #NVGPDWTI &GMQTCVKQPGP FGU *GT\QINKEJ 5CEJUGP 'TPGUVKPKUEJGP *CWUQTFGPU &G 0QTFKUMC .·PFGTPCU 1HHKEKGNNC $GNÌPWPIUOGFCNLGT 1UOCPN[ 0KUCPNCTK 6JG 1VVQOCP 1TFGTU

#NVGPDWTI

)WKFG FGU 1TFTGU &¾EQTCVKQPU GV /¾FCKNNGU /KNKVCKTGU (TCPECKUGU GV VTCPI½TGU )WKFG FGU 1TFTGU %KXKN (TCPECKU GV VTCPIGTU FGU /¾FCKNNGU F *QPPGWT GV FGU /¾FCKNNGU FGU 5QEK¾V¾U

2CTKU

#WU\GKEJPWPIGP FGT &GWVUEJGP &GOQMTCVKUEJGP 4GRWDNKM &KG NGV\VGP ,CJTG FGT /ÒP\G KP &TGUFGP 9GTMUXGT\GKEJPKU 1FNKMQXCPLC K <PCMQXNLG 0G\CXKUPG &T\CXG *TXCVUMG

&&& 5RG\KCNMCVCNQI +P XKGT $·PFGP #WU\GKEJPWPIGP FGT &GWVUEJGP &GOQMTCVKUEJGP 4GRWDNKM 5RG\KCNMCVCNQI #WUICDG

&&4 5RG\KCNMCVCNQI $CPF + 5VCCVNKEJG #WU\GKEJPWPIGP $TKVKUJ $CVVNGU CPF /GFCNU

$GTNKP

6CIOCVC #TKUVCKCU -CK 5VTCVKQVKMC /GVCNNKC VGU *GNNCFQU *GNNGPKE 1TFGTU &GEQTCVKQPU CPF /GFCNU 0QTFKUMC 1TFPCT QEJ &GMQTCVKQPGT &GT *CWUQTFGP WPF FKG VTCIDCTGP 'JTGP\GKEJGP FGU )TQ­JGT\QIVWOU 1NFGPDWTI &¾EQTCVKQPU GV 1TFTGU 2QNQPCKU #OGTKECP 5QEKGV[ /GFCNU #P +FGPVKHKECVKQP )WKFG

#VJGP

&KG 1TFGP WPF 'JTGP\GKEJGP XQP 6JCKNCPF /GFCNU /KNKVCT[ CPF %KXKNKCP QH VJG 7PKVGF 5VCVGU

*CODWTI QJPG ,CJT 6WNUC QJPG ,CJT

&KUVKPEVKQPU *QPQTKHKSWGU FG NC $GNIKSWG .GU 1TFGTU (TCPECKU GV NGU 4¾EQORGPUGU 0CVKQPCNGU .G /GFCINKG +VCNKCPG .G /GFCINKG +VCNKCPG /KNKVCT[ 1TFGTU CPF /GFCNU QH 8KGVPCO

$TÒUUGN 2CTKU #WHNCIG /CKNCPF /CKNCPF 6WNUC

1TFGTU CPF &GEQTCVKQPU QH VJG &GOQETCVKE 2GQRNGU 4GRWDNKE QH -QTGC %TWEGU [ /GFCNNCU .C *KUVQTKC FG 'URCPC GP UWU %QPFGEQTCEKQPGU 1TFGTU QH -PKIJVJQQF #YCTFU CPF VJG *QN[ 5GG

5CP 4COQP

.CU ¡TFGPGU [ %QPFGEQTCEKQPGU EKXKNGU FGN 4GKPQ FG 'URCPC

/CFTKF

%GUMQUNQXGPUMC 8[\PCOGP±PK 8+ %±UV D ++ 0±TQFPÃ 1FDQL )GUEJKEJVG WPF )GUGV\IGDWPI FGT 4KVVGTQTFGP 'JTGP\GKEJGP WPF /GFCKNNGP FGU *GKNKIGP 5VWJNU

*TCFGE -TCNQYG

/¾FCKNNGU GV F¾EQTCVKQPU FG /CFCICUECT

6CPCPPCTKXG

5VQEMJQNO +UVCPDWN

2CTKU

$GTNKP <CITGD $GTNKP DKU $GTNKP #WHNCIG $GTNKP .QPFQP

/CNOÌ 0QTFGTUVGFV 9CTUEJCW 5CPVC /QPKEC

1JPG 1TV )GTTCTFU %TQUU

0CEJFTWEM FGT #WUICDG 2CTKU

227

%*'(

%JGHFGDKGP #PPG FG

. I[RVG GV NGU &¾EQTCVKQPU

2CTKU

%*4+56

%JTKUVGPUGP 4QNH

0ºUVXGF

%*4+56

%JTKUVGPUGP 4QNH

%/' %12

)TCXCNQU )QP\CNG\ .WKU WPF %CNXQ 2GTG\ ,QU¾ .WKU %QRNG[ )TGIQT[ 4

-QPIGNKIG LWDKNCGWOU OKPFG QI GTKPFTKPIUOGFCNLGT &CPUMG 1TFGPUKPUKIPKGT &G -QPIGNKIG &CPUMG 4KFFGTQTFPGTU +PUKIPKGT K 1TFGPUMCRKVNGVU 5CONKPI %QPFGEQTCEKQPGU /KNKVCTGU 'URCPQNCU

#NGZCPFTKC 8KTIKPKC

%140

%QTPGV 4GP¾

'VJKQRKC 4GCEJGU *GT *CPF 7PVQ )QF +ORGTKCN 'VJKQRKC U 5[ODQNU 5VTWEVWTGU CPF 4QNG KP VJG /QFGTP 9QTNF .GU 1TFTGU 0CVKQPCWZ $GNIGU

&#0+

/E&CPKGN 2CWN WPF 5EJOKVV 2CWN , 4KDCWNV .QKE NG %COKPCFG $GTPCTF WPF .CEQODG 'TKE &GNCPFG /

6JG %QORTGJGPUKXG )WKFG VQ 5QXKGV 1TFGTU CPF /GFCNU +FGPVKHKECVKQP GV %QVG &¾EQTCVKQPU

#TNKPIVQP

.GU 1TFTGU (TCP¼CKU .GU 1TFTGU %QNQPKCWZ /¾FCKNNGU %QOO¾OQTCVKXGU /¾FCKNNGU Fʼn*QPPGWT FGU /KPKUV½TGU .GU %TQKZ GV /¾FCKNNGU FG NC )WGTTG FGU 2C[U #NNK¾U $WNICTKUMK 1TFGPK K /GFCNK -CVCNQI )TGGM 1TFGTU CPF /GFCNU &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP

&1'*

&GPMQY 8GUGNKP &KOCEQRQWNQU )GQTIG & -KTEJPGT *GKP\ WPF .CKVGPDGTIGT $KTIKV &QGJNG *GKPTKEJ

7O FGWVUEJG WPF GPINKUEJG $KNFDGUEJTGKDWPIGP GTI·P\VGT 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 2CTKU 5QHKC #VJGP -ÌNP #WHNCIG

&1)#

&QICTW /CTKC

&74

8CP &WTGP 2GVGT $CPFGT

#URKTCVKC 2QRQTWNWK 4QOCP URTG 7PKVCVG UK +PFGRGPVGPVC QINKPFKVC KP 5KODQN 1TFGTU QH -PKIJVJQQF CPF QH /GTKV 6JG 2QPVKHKECN 4GNKIKQWU CPF 5GEWNCTKUGF %CVJQNKE HQWPFGF 1TFGTU CPF VJGKT TGNCVKQPUJKR VQ VJG #RQUVQNKE 5GG

'(. '(9#

'HNGT )GTV 'HNGT )GTV

'4ª

'TÒTGVGP /GVKP

'8'45

'XGTU % *

(1$1 (14/

(QUVGT %QN (TCPM WPF $QTVU .CYTGPEG (QTOCP #FTKCP

(4-

*CTVWPI .QVJCT

)#. )#.1

)'$

)CNRGTKP 2GVGT )CNC\\GVVK #NDGTVQ WPF .QODCTFK (KNKRRQ )CVVKPIGT -CTN WPF 5VQN\GT ,QJCPP )GDCWGT 9QNHTCO

)'1%

YYY IGQEKVKGU EQO

&'% &'.

&'0&+/# &1'

)#66

228

&KG #WU\GKEJPWPIGP FGU )TQ­FGWVUEJGP 4GKEJGU 1TFGP 'JTGP\GKEJGP #D\GKEJGP

0CGUVXGF /CFTKF

$TÒUUGN

$KCTTKV\ #WHNCIG

0CEJFTWEM 0QTFGTUVGFV FGT #WHNCIG $GTNKP $WMCTGUV )GTTCTFU %TQUU

&GWVUEJG (GWGTYGJT #WU\GKEJPWPIGP &KG 1TFGP WPF 'JTGP\GKEJGP FGU (ÒTUVGPVWOU 9CNFGEM WPF 2[TOQPV 1UOCPNK /CFCN[CNCTK XG 0KUCPNCTK $GNIGTNG 6CTKJK 1VVQOCP /GFCNU CPF 1TFGTU &QEWOGPVGF *KUVQT[ 1PFGTUEJGKFKPIGP .GKFTCCF XQQT FG FGEQTCVKGU XCP JGV -QPKPMTKLM FGT 0GFGTNCPFGP

5EJYCNOUVCFV 5EJYCNOUVCFV

75 /KNKVCT[ /GFCNU VQ

(QWPVCKP +PP

(QTOCP U )WKFG VQ 6JKTF 4GKEJ )GTOCP #YCTFU #PF VJGKT 8CNWGU TF GFVKQP &GWVUEJG (TGKMQTRU #WHNCIG

$TCWPVQP WPF 5CP ,QU¾ #WHNCIG .CPIGNQJ #WHNCIG

&KG 'JTGP\GKEJGP FGT (TGKGP *CPUGUVCFV $TGOGP &GEQTC\KQPK G FKUVKPVKXK FGNNC %TQEG 4QUUC +VCNKCPC

(TCPMHWTV 2CXKC

-NGKP CDGT HGKP /KPKCVWTGP WPF 4GFWMVKQPGP ÌUVGTTGKEJKUEJGT 1TFGP WPF 'JTGP\GKEJGP &KG 1TFGP WPF 'JTGP\GKEJGP XQP 5CEJUGP GKPUEJNKG­NKEJ FGT U·EJUKUEJGP 8GTFKGPUV 2T·OKGP 2TGKU WPF #WU\GKEJPWPIUOGFCKNNGP 9GDUKVG 1TFGTU &GEQTCVKQPU CPF /GFCNU

5CN\DWTI

+UVCPDWN #OUVGTFCO

&TGUFGP #WHNCIG

)+..'6 )+../:

)KNN &GPPKU )KNNKPIJCO *CTQNF '

6JG %QKPCIG QH 'VJKQRKC 'TKVTGC CPF +VCNKCP 5QOCNKC /GZKECP &GEQTCVKQPU QH *QPQWT

)CTFGP %KV[ 0; 0CEJFTWEM FGT #WUICDG 0GY ;QTM

)+..5#

)KNNKPIJCO *CTQNF '

5QWVJ #OGTKECP &GEQTCVKQPU CPF 9CT /GFCNU

)418

)TQXG (TCPM )

1TFGTU #YCTFU CPF /KNKVCT[ &GEQTCVKQPU

)7+

)WKTCWF &CTOCKU ,CESWGU

1TFTGU GV &¾EQTCVKQPU /QP¾ICUSWGU

)751

)WUQXKWU *CPU )GQTI XQP

1TFGP PQTFFGWVUEJGT 5VCCVGP FGU ,CJTJWPFGTVU

0CEJFTWEM FGT #WUICDG 0GY ;QTM 0CEJFTWEM FGT #WUICDG )WCFCNCLCTC /QPCEQ GTYGKVGTVG #WHNCIG %GNNG

*#+6 *#0

.GU &¾EQTCVKQPU *CKVKGPPGU ¯ VTCXGTU N *KUVQKTG 8CRCWFGPTKUVKP 4KVCTKMWPVC

2QTV CW 2TKPEG 2QTXQQ

*#05

'VKGPPG (TCPEKU 'F *CPMKOQ 1NCXK $GTITQVJ 6QO % WPF CPFGTG *CPU /CZ

%QDWTI

*#46

*CTVWPI .QVJCT

*'-7

5CWGT 9GTPGT

*'..

*GNNGT $QD

*'/1 *'1

*GTHWTVJ &KGVTKEJ WPF /QNKVQT ,GCP *KGTQP[OWUUGP 2CWN 1JO

&KG 1TFGP WPF 'JTGP\GKEJGP XQP 5CEJUGP %QDWTI 5CCNHGNF WPF 5CEJUGP %QDWTI )QVJC #WU\GKEJPWPIGP FGU 4GKEJGU 5RG\KCNMCVCNQI

&KG 1TFGP WPF 'JTGP\GKEJGP FGU -WTHÒTUVGPVWOU *GUUGP -CUUGN 1TFGTU &GEQTCVKQPU /GFCNU QH VJG 4GRWDNKE QH

5QWVJ 8KGVPCO /KNKV·TKUEJG #WU\GKEJPWPIGP FGT 7F554 *CPFDWEJ 'WTQR·KUEJGT 1TFGP KP (CTDGP

*'4(

*GTHWTVJ &KGVTKEJ

$GTNKP #WHNCIG D\Y #WHNCIG $GTNKP #WHNCIG

*';&

*G[FGP *GTOCPP X

*';&+6

*G[FGP *GTOCPP XQP

*1'(6

*QGHVOCPP ( 9

*1.<

*QN\OCPP #WIWUV

*75

*GUUGPVJCN 9CNFGOCT 'FNGT XQP WPF 5EJTGKDGT )GQTI

*ª5-

*ÒUMGP #PFT¾

*ª52

*ÒUMGP #PFT¾

5QYLGVKUEJG #WU\GKEJPWPIGP #WU\GKEJPWPIGP FGT /QPIQNKUEJGP 8QNMUTGRWDNKM 'KP -CVCNQI 8KGTVG #WUICDG 'JTGP <GKEJGP -TKGIU &GPM\GKEJGP 8GTFKGPUV WPF &KGPUVCNVGT <GKEJGP FGT GTNQUEJGPGP WPF DNÒJGPFGP 5VCCVGP &GWVUEJNCPFU WPF ¤UVGTTGKEJ 7PICTPU 'JTGP\GKEJGP -TKGIU &GPM\GKEJGP 8GTFKGPUV &KGPUVCNVGT <GKEJGP 4GVVWPIU /GFCKNNGP WPF #D\GKEJGP KO -ÌPKITGKEJ +VCNKGP WPF KP UGKPGP GTNQUEJGPGP 5VCCVGP 5CTFKPKGP .QODCTFGK 8GPGFKI 2CTOC /QFGPC .WEEC 6QUECPC $GKFG 5K\KNKGP -KTEJGPUVCCV UQYKG 5CP /CTKPQ &GT 2TGWUUKUEJG 1TFGPUJGTQNF

$CFGPU 1TFGP WPF 'JTGP\GKEJGP 9CRRGP 5VCPFCTVGP WPF (NCIIGP WPF FKG 7PKHQTOGP FGT )TQ­JGT\QINKEJ $CFKUEJGP %KXKN 5VCCVU $GCOVGP &KG VTCIDCTGP 'JTGP\GKEJGP FGU &GWVUEJGP 4GKEJGU GKPUEJNKG­NKEJ FGT XQTOCNU UGNDUV·PFKIGP FGWVUEJGP 5VCCVGP UQYKG FGU -CKUGTVWOU WPF FGU $WFGUUVCCVGU ¤UVGTTGKEJ FGT (TGKGP 5VCFV &CP\KI FGU )TQ­JGT\QIVWOU .WZGODWTI FGU (ÒTUVGPVWOU .KGEJVGPUVGKP WPF FGT 'JTGP\GKEJGP FGU 05&#2 -CVCNQI FGT 1TFGP WPF 'JTGP\GKEJGP FGU &GWVUEJGP 4GKEJGU -CVCNQI FGT 1TFGP 'JTGP\GKEJGP WPF #WU\GKEJPWPIGP FGU -WTHÒTUVGPVWOU $TCPFGPDWTI FGT /CTMITCHUEJCHVGP $TCPFGPDWTI #PUDCEJ WPF $TCPFGPDWTI $C[TGWVJ FGU -ÌPKITGKEJU 2TGW­GP FGT 4GRWDNKM 2TGW­GP WPVGT $GTÒEMUKEJVKIWPI FGU &GWVUEJGP 4GKEJGU

.CPIGNQJ #WHNCIG

*CODWTI QJPG ,CJT /KCOK $GTNKP

/GKPKPIGP 0CEJVT·IG /GKPKPIGP (TCPMHWTV WPF 9KGUDCFGP 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 9KGUDCFGP

0CEJFTWEM 1HHGPDCEJ FGT #WUICDG $GTNKP OKV FGP FTGK 0CEJVT·IGP XQP WPF 0CEJFTWEM 1HHGPDCEJ FGT #WUICDG -CTNUTWJG 0CEJFTWEM QJPG 1TV WPF QJPG ,CJT FGT #WUICDG $GTNKP

*CODWTI $·PFG *CODWTI

229

+.. +5'

+NNKPI (TKV\ ) +UGPDGEM ,WNKWU

1TFGP WPF 'JTGP\GKEJGP FGT 5VCCVGP 6JÒTKPIGPU &CU 0CUUCWKUEJG /ÒP\YGUGP

*KNFDWTIJCWUGP 0CEJFTWEM /ÒPUVGT FGT #WUICDG QJPG 1TV WPF QJPG ,CJT

,¤4) ,¤4)

,ÌTIGPUGP 2GVGT , ,ÌTIGPUGP 2GVGT ,

&GP +UNCPFUMG (CNMGQTFGP QI FG +UNCPFUMG /GFCNLGT &CPKUJ 1TFGTU CPF /GFCNU

-QRGPJCIGP -QRGPJCIGP

-#8

-CXCNKCWUMCU 8KNKWU

-QRGPJCIGP

-&1'

-.'0

-NGPCW #TPJCTF )TCH

-.'8+' -.+#

-NGPCW #TPJCTF )TCH -NKGVOCPP &T -WTV )GTJCTF -NKGVOCPP &T -WTV )GTJCTF -NKGVOCPP &T -WTV )GTJCTF -NGKP 7NTKEJ WPF 4CHH #NDGTV

#OGTKECP /GFCNU CPF &GEQTCVKQPU /WPVGP GP 'TGVGMGPU XCP JGV -QPKPTKLM $GNIKG

)TQ­GT &GWVUEJGT 1TFGPUMCVCNQI 1TFGP WPF 'JTGP\GKEJGP DKU 'WTQR·KUEJG 1TFGP CD -CVCNQI QJPG &GWVUEJNCPF 1TFGP WPF 'JTGP\GKEJGP FGT 4GRWDNKM 5ÒF 8KGVPCO &GWVUEJG #WU\GKEJPWPIGP #PJCNV

.QPFQP $TÒUUGN

-.'&

0KOOGTIWV ,ÌTI XQP FGT *G[FG 4WFQNH WPF (GFGT -NCWU -GTTKICP 'XCPU ' -G[OGWNGP #PFT¾ 8CP WPF 5WGVGPU +XQ -NGPCW #TPJCTF )TCH

1TFGTU &GEQTCVKQPU CPF /GFCNU QH 'UVQPKC .CVXKC CPF .KVJWCPKC -CVCNQI &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP DKU \WT )GIGPYCTV

&GWVUEJG #WU\GKEJPWPIGP ņ WPF $CPF

$GTNKP WPF

2JCNGTKUVKM 4WO·PKGP

$GTNKP

&KG 9ÒTVVGODGTIKUEJGP /GFCKNNGP XQP

GKPUEJNKG­NKEJ FGT /ÒP\GP WPF /GFCKNNGP FGT YGKDNKEJGP #PIGJÌTKIGP &KG 9ÒTVVGODGTIKUEJGP /GFCKNNGP XQP

GKPUEJNKG­NKEJ FGT 1TFGP WPF 'JTGP\GKEJGP 1TFGPC 5554 1TFGPC 5QYLGVUMKEJ 4GURWDNKM

5VWVVICTV

&KG 4KVVGT WPF 8GTFKGPUVQTFGP 'JTGP 8GTFKGPUV WPF &GPM\GKEJGP UQYKG &KGPUVCNVGTUCWU\GKEJPWPIGP FGU -ÌPKITGKEJU $C[GTP 5EJYGK\GT /GFCKNNGP CWU CNVGO 2TKXCVDGUKV\ (ÒTUVNKEJ *QJGP\QNNGTUEJG 1TFGP WPF 'JTGP\GKEJGP

0CEJFTWEM 1HHGPDCEJ FGT #WUICDG 5VTCWDKPI <ÒTKEJ (TKFKPIGP

5XGPUMC 1TFPCT QEJ /GFCNLGT

5VQEMJQNO #WHNCIG

-GTGU\V TGO %UKNNCI ņ -KVÒPVGV¾UGM C OCI[CT VÌTV¾PGNGODGP /CNC[CP 1TFGTU CPF &GEQTCVKQPU

$WFCRGUV

1TFGPUKPUKIPKGP WPF #WU\GKEJPWPIGP FGU 5QWXGT·PGP /CNVGUGT 4KVVGTQTFGPU &KG 1TFGP WPF 'JTGP\GKEJGP FGU FGWVUEJGP 4GKEJGU WPF FGT 9GKOCTGT 4GRWDNKM 5NQXGPUMG 4CF[ 8[\PCOGPCPKC %GUVP¾ 1F\PCM[

-ÌNP #WHNCIG

#WU\GKEJPWPIGP FGT ¤UVGTTGKEJKUEJ 7PICTKUEJGP /QPCTEJKG WPF FGT <YKUEJGPMTKGIU\GKV 2TGKUMCVCNQI

.KP\

-'44 -';57

-.+& -.+47 -.4( -.4( -7< -7<42

-NGKP 7NTKEJ WPF 4CHH #NDGTV -W\GPMQ #PCVQNK -W\GPMQ #PCVQNK WPF 5OKTPQY +WTK

.'5

.GUGT ,CEQD WPF 1UECT

.'7/'& .+0-

$CPM .GW #) *I .KPM 'XC WPF )CWIIGN *GKP\ .ÌYGPJKGNO (TGFTKM

.¤9

/#/#. /#.6 /#0& /#4% /#4-

230

/CMCK IPGU WPF *¾TK 8GTC 1 6QQNG 'COQPP * WPF 5JGRRCTF *CLK #DFWN /WDKP -KTEJPGT *GKP\ WPF 6TWU\E\[PUMK )GQTI XQP /CPFT[ *QTUV /CTEKPMQ ,CP WPF ,KTQWUGM #NGZCPFGT /CTMQ #NGZCPFGT #

/ÒPEJGP #WHNCIG

/ÒPEJGP 4QUGPJGKO *CODWTI QJPG ,CJT $GTNKP

5VWVVICTV 1JPG 1TV 1JPG 1TV

1JPG 1TV

*KNFGUJGKO QJPG ,CJT -QUKEG

/'&%

/GFECNH )QTFQP

/'4¤56

/GTKEMC 8CENCX

/+%*

/KEJGVUEJN·IGT *GKPTKEJ (

/14+ /14+ /ª<'

/QTKVVW )KWUGRRG /QTKVVW )KWUGRRG &GPKUGPMQ #[VGP

/;$

/CEMC[ ,COGU WPF /WUUGNN ,QJP 9

0'& 0'2

/GKLGT * ) /WNFGT % 2 WPF 9CIGPCCT $ 9 8KDJQQUJCPC %QOOKVVGG

0+'/

0KGOCPP &GVNGX

0+// 0+//¤

0KOOGTIWV ,ÌTI 0GWDGEMGT &T 1VVHTKGF WPF 0KOOGTIWV ,ÌTI

1#0

9GTNKEJ 4QDGTV

1'-

0KOOGTIWV ,ÌTI

1.5 -

1NUQP &CXKF

1.5 4

1NUQP &CXKF

2#$1 2')7 2'4' 2'4)

*CYCKKCP 4Q[CN 1TFGTU +PUKIPKC %NCUUGU 4GIWNCVKQPU CPF /GODGTU 1TFGP WPF 'JTGP\GKEJGP FGT ÌUVGTTGKEJKUEJ WPICTKUEJGP /QPCTEJKG &CU 1TFGPUDWEJ FGT IGYGUGPGP ¤UVGTTGKEJKUEJ 7PICTKUEJGP /QPCTEJKG

)WGTTG G &GEQTC\KQPK /GTKVK G &GEQTC\KQPK #UMGT[ /Ò\G 1UOCPNK XG %WOJWTK[GV &ÌPGOK /CFCN[C XG 0KUCPNCT -CVCNQIW 6JG /GFCN ;GCTDQQM

1TFGTU CPF &GEQTCVKQPU QH 6JG 0GVJGTNCPFU 1TFGTU &GEQTCVKQPU CPF /GFCNU QH VJG -KPIFQO QH 0GRCN $GYGTVWPIU -CVCNQI 1TFGP WPF 'JTGP\GKEJGP &GWVUEJNCPF 2TKEG )WKFG 1TFGTU CPF &GEQTCVKQPU )GTOCP[ &GWVUEJG 1TFGP WPF 'JTGP\GKEJGP DKU ¤UVGTTGKEJ -CVCNQI 1TFGP WPF 'JTGP\GKEJGP CD DKU \WT )GIGPYCTV

0CEJFTWEM FGT #WUICDG *QPQNWNW 9KGP WPF /ÒPEJGP

6GEJPKUEJ ÒDGTCTDGKVGVG WPF XGT·PFGTVG 0GWCWUICDG 1HHGPDCEJ FGT #WUICDG 9KGP

2CFWC #WHNCIG 2CFWC +UVCPDWN QJPG ,CJT *QPKVQP

1JPG 1TV #WHNCIG

-CVOCPFW *CODWTI #WHNCIG

/ÒPEJGP DKU /ÒPEJGP

1TFGTU CPF &GEQTCVKQPU QH CNN 0CVKQPU ņ #PEKGPV CPF /QFGTP ņ %KXKN CPF /KNKVCT[ &GWVUEJNCPF -CVCNQI 1TFGP 'JTGP\GKEJGP 4Q[CN -KPIFQO QH 'I[RV 1TFGTU CPF /GFCNU

6JG #TCD 4GRWDNKE QH 'I[RV %KXKNKCP CPF /KNKVCT[ &GEQTCVKQPU CPF /GFCNU

9CUJKPIVQP #WHNCIG

/ÒPEJGP

2CVTKMGGX 5 $ WPF $QLPQXKEJ # &

0CITWFPKG 5PCMK 4QUUKK $CFIIGU QH 4WUUKC 1TFGPGU [ %QPFGEQTCEKQPGU FG 'URCPC 1UOCPNKNCTFC /CFGPK 2CTCNCT &GWU .Q 8WNV &GT 4KVVGTQTFGP XQO *GKNKIGP )TCDG XQP ,GTWUCNGO 1TFGTU CPF /GFCNU QH ,CRCP CPF #UUQEKCVGF 5VCVGU

2'641 2+.'

2¾TG\ )WGTTC ,QU¾ /CPWGN 2GTG 0WTK 2GTINGT 2GVGT 2CWN WPF 5VQN\GT ,QJCPP 2GVGTUQP ,COGU 9 9GCXGT $CT[[ % WPF 3WKING[ /KEJCGN # 2GVTQX 6QFQT 2KNGVK /KNC

/QUMCW WPF 5V 2GVGTUDWTI $CPF WPF $CPF 5CTCIQUUC +UVCPDWN 9KGP

21.+# 24+$#

2QNKCPQ .WKU /CTSWGU 2TKGVQ $CTTKQ #PVQPKQ

24-

-NGPCW #TPJCTF )TCH WPF 5CWGTYCNF 2GVGT 2TQEJ±\MC 4QOCP (TGKJGTT XQP 2WGPVG [ )ÉOG\ (GFGTKEQ (GTP±PFG\ FG NC 2WNGE 8NCFKXQL

2'6

241 27'0 27.

1JPG 1TV WPF QJPG ,CJT 5V 2CWN /0 QJPG ,CJT

5CP 4COQP

1TFGPK K /GFCNK Y $WNICTKC 1FNKMQYCPLC 2TYG 2QNQYKPG 9GMC FQ KU 5DKTMG 9QLPQI /WUGLC [ $GQITCFW 1TFGPU *QPQTKHKECU FQ $TCUKN &KEEKQPCTKQ FG EKPVCU FG 4GEQORGPUCU 'URCPQNCU

FGUFG &KG 1TFGP WPF 'JTGP\GKEJGP FGU -ÌPKITGKEJU 2TGW­GP (CTDMCVCNQI OKV 2TGKUGP ¤UVGTTGKEJKUEJGU 1TFGPUJCPFDWEJ ņ )TQ­G #WUICDG

5QHKC #WHNCIG $GNITCF

%QPFGEQTCEKQPGU 'URCPQNCU 1TFGPGU %TWEGU [ /GFCNNCU %KXKNGU /KNKVCTGU [ 0QDKNKCTKCU %GUMQENQXGPUMC 5VCVPK 8[\\PCOGPCPK 5VCVPK %GUVPC 7\PCPK C %GP[

/CFTKF

4KQ FG ,CPGKTQ /CFTKF 1HHGPDCEJ CO /CKP

/ÒPEJGP

2TCI

231

4#/

&QTNKPI * 6CRTGNN WPF /CUQP (TCPEKU -

4KDDQPU CPF /GFCNU

.QPFQP #WHNCIG

4#/

4KDDQPU CPF /GFCNU

.QPFQP #WHNCIG

4QO

4'; 41$7

&QTNKPI * 6CRTGNN WPF 2WTXGU #NGE # 4CXGVVQ )KWUGRRG 5¾\CPPG 2CQNQ WPF +ODTKIJK 2KGT .WKIK 4GEMGYGNN 4QIGT WPF (KUEJGT ,GPU 4G[PQNFU 4QDGTV * 4QOCPQHH 2TKPEG &KOKVTK

41((

4QHHKIPCE 0KEQNCU FG

41)4+ 41/1 47&'

4QOCPQHH 2TKPEG &KOKVTK 4QOCPQHH 2TKPEG &KOKVTK 4WFG\ 5VQLCP

47)

5QXTCPQ /KNKVCTG 1TFKPG )GTQUNQNKOKVCPQ FK /CNVC

5#(6#

4#8 4'%-

)NK 1TFKPK %CXCNNGTGUEJK +VCNKCPK 1TFGP 'JTGP WPF #D\GKEJGP FGU *GT\QIVWOU $TCWPUEJYGKI .Ã&#x2019;PGDWTI XQP DKU 2JKNKRRKPG /GFCNU 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH VJG -KPIFQO QH $WNICTKC 1TFTGU GV /¾FCKNNGU FGU 2C[U F #HTKSWG ¯ N 'RQSWG 2QUV %QNQPKCNG FG ¯ PQU ,QWTU 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH +ORGTKCN 4WUUKC 6JG 1TFGTU /GFCNU CPF *KUVQT[ QH /QPVGPGITQ 1FNKMQXCPLC 5QEKCNKUVKEMG (GFGTCVKXPG 4GRWDNKMG ,WIQUNCXKLG 4WQNQ )GPGTCNG 7HHKEKCNG FGN )TCP /CIKUVGTQ

$TCWPUEJYGKI

&GEQTCVKK 4QOCPGUVK FG 4C\DQK

$WMCTGUV

5#..

5CHVC +QP ,KRC 4QVCTW 8GNVGT 6KDGTKW WPF /CTKPGUEW (NQTKEGN 5CNNCEJ #NGZCPFGT XQP

&KG 1TFGP WPF 'JTGP\GKEJGP WPUGTGT 4GRWDNKM <YGKVG #WHNCIG

5%*#

5EJCTHGPDGTI )GTF

5%*'/

5EJGOGKV /CPHTGF

5%*/

5EJOKFV )Ã&#x2019;PVGT 'TKM

5%*/ 4

5EJOKFV )Ã&#x2019;PVGT 'TKM

5%*/ 4 5%*/+47

5EJOKFV )WGPVGT 'TKM 5EJOKVV 4CKPGT

5%*115

5EJQQU ,GCP

5%*4#

5EJTGKDGT )GQTI

5%*4$ 5%*4-

5EJTGKDGT )GQTI 5EJYCT\ 9CNVGT #

5%*9/#

5EJYCT\ 9CNVGT #

5'/1 52#$1

5GOQVKWM ,CTQUNCY 5RCFC &T #PVQPKQ

52#/# 52+0-

5RCFC &T #PVQPKQ .KVJGTNCPF #PFTGY 4 WPF 5KORMKP $TKCP 6 5TUGP .WDQOKT WPF 5VGJNKMQXC &CPC

&KG 1TFGP WPF 'JTGP\GKEJGP FGT #PJCNVKUEJGP 5VCCVGP 'JTGP\GKEJGP FGU &GWVUEJGP 4QVGP -TGW\GU LGV\V 'JTGP\GKEJGP WPF /GFCKNNGP FGT 4GRWDNKM ¤UVGTTGKEJ WPF FGT $WPFGUN·PFGT CD FGO ,CJTG 'JTGP\GKEJGP WPF 1TFGP KO ¤UVGTTGKEJ FGT <YKUEJGPMTKGIU\GKV 1TFGP WPF 'JTGP\GKEJGP ¤UVGTTGKEJU &KG #WU\GKEJPWPIGP FGT 8QNMUTGRWDNKM WPF FGT 5Q\KCNKUVKUEJGP 4GRWDNKM 4WO·PKGP DKU &KG 1TFGP WPF 'JTGP\GKEJGP FGU )TQ­JGT\QIVWOU .WZGODWTI WPF FGU GJGOCNKIGP *GT\QIVWOU 0CUUCW KP 8GTICPIGPJGKV WPF )GIGPYCTV &KG 1TFGP WPF 'JTGP\GKEJGP #PJCNVU YKG FGT 5·EJUKUEJGP *GT\QIVÃ&#x2019;OGT &KG $C[GTKUEJGP 1TFGP WPF 'JTGP\GKEJGP &KG 'JTGP\GKEJGP WPF /GFCKNNGP FGU ¤UVGTTGKEJKUEJGP 4QVGP -TGW\GU 8GTNGKJG KEJ +JPGP &KG OKNKV·TKUEJGP #WU\GKEJPWPIGP FGT 4GRWDNKM ¤UVGTTGKEJ WPF FGTGP 8QTI·PIGT 7MTCKPUMK 9KLUMQYK 9KFUPCMK 1TFKPK &KPCUVKEK FGNNC 4GCN %CUC FK $QTDQPG FGNNG &WG 5KEKNKG 5QXTCPQ /KNKVCTG 1TFKPG FK /CNVC 5RKPMÅ&#x2030;U 5VCPFCTF %CVCNQIWG QH $TKVKUJ CPF CUUQEKCVGF 1TFGTU &GEQTCVKQPU CPF /GFCNU YKVJ XCNWCVKQPU /GZKEMG FQDTQFTW\UVXK /CZKOKNKCPC *CDUDWTUMGJQ

-QPUVCP\ \YGKVG YGUGPVNKEJ GTYGKVGTVG #WHNCIG 1HHGPDCEJ CO /CKP

.Ã&#x2019;FGPUEJGKF

545

232

)NCUDQTQ 4WPIUVGF -[UV 2CTKU 4WPIUVGF -[UV 4WPIUVGF -[UV $GNITCF 0CEJFTWEM FGT #WUICDG /CKNCPF

9KGP )TC\ 9KGP 1HHGPDCEJ CO /CKP

.WZGODWTI /Ã&#x2019;PEJGP /Ã&#x2019;PEJGP 9KGP 9KGP 6QTQPVQ $TGUEKC $TGUEKC .QPFQP 2TCI

56#8# 56'8

5VCPKUNCXQXKEJ 5JKUJMQX 5GTIG[ WPF 8CNGPVKPQXKEJ /W\CNGYUM[ /KMJCKN 5VGXPUDQTI .CTU

1TFGPC K /GFCNK 5554

9NCFKYQUVQM

&GPOCTMU 4KIGU /GFCNLGT QI *CGFGTUVGIP

¤UVGTTGKEJU 1TFGP XQO /KVVGNCNVGT DKU \WT )GIGPYCTV

1FGPUG

561.'

5VQN\GT ,QJCPP WPF 5VGGD %JTKUVKCP

564# 564$'

5VTCVQWFCMKU )GQTIG 5VTCPFDGTI ,QJP WPF $GPFGT 4QIGT ,COGU 5WMGPÃM .WFXÃM WPF 0QXQVPÓ 8NCUVKUNCX 5WMGPÃM .WFXÃM WPF 0QXQVPÓ 8NCUVKUNCX 5[NXGUVGT ,QJP WPF (QUVGT (TCPM

)TGGM /GFCNU 6JG %CNN QH &WV[ /KNKVCT[ #YCTFU CPF &GEQTCVKQPU QH VJG 7PKVGF 5VCVGU QH #OGTKEC %GUMQUNQXGPUM± 8[\PCOGP±PÃ

#VJGP 5CP ,QU¾

%GUMQUNQXGPUM¾ C %GUM¾ 4CF[ C 8[\PCOGP±PÃ

6JG &GEQTCVKQPU QH VJG 4GRWDNKE QH 8KGVPCO CPF JGT #NNKGU

1JPG 1TV

6#/5#

6COOCPP ) #PFTGCU WPF 2CVKGPEG -

&KG 1TFGP XQP 5CPUKDCT 'KP 5VTGKHNKEJV CWH FKG FGWVUEJG -QPKCNIGUEJKEJVG

6#<'

6C\GFCMKU 2CPQU 0

6'6

6GVTK ,WJC '

6JG 1TFGT QH VJG 4GFGGOGT #PCVQO[ CPF RCVJQNQI[ QH VJG KPUKIPKC QH VJG )TGGM 1TFGT QH VJG 4GFGGOGT -WPPKCOGTMMKMKTLC

+P &CU &TKVVG WPF 8KGTVG )WP\GPJ·WUGT 2JCNGTKUVKM 5[ORQUKWO 1HHGPDCEJ CO /CKP

#VJGP

6*#+

5GETGVCTKCVG QH VJG %CDKPGV 1HHKEG QH VJG 2TKOG /KPKUVGT 6JKGU #PFTGCU WPF *CRMG 9KNJGNO 6TGPECP .WFQXKV

57-' 57-' 5;(1

6*+*# 64'0 64+)

4Q[CN 6JCK 1TFGTU CPF &GEQTCVKQPU

)TC\

1JPG 1TV

(QWPVCKP +PP

*GNUKPMK #WHNCIG

$CPIMQM #WHNCIG

1TFGP WPF 'JTGP\GKEJGP FGU -ÌPKITGKEJGU *CPPQXGT

*CODWTI

4CF[ C X[\PCOGPCPKC 5NQXGPUMGL TGRWDNKMGL

6JG 6JTGG 2QTVWIGUUG /KNKVCT[ 1TFGTU QH -PKIJVJQQF

)WKFG FGU 1TFTGU /¾FCKNNGU GV &¾EQTCVKQPU QHHKEKGNU DGNIGU FG ¯ CXGE ¾UVKOCVKQPU EJKHHT¾GU FG NGWTU XCNGWTU

6TPCXC )NCUUDQTQ

64+2

6TKIWGKTQU #PVÉPKQ / WPF 6COOCPP )WUVCX # 6TKRPCWZ 'TKE

8'40

8GTPQP 5[FPG[ $

8GTPQP U %QNNGEVQTU )WKFG VQ 1TFGTU /GFCNU &GEQTCVKQPU 9KVJ 8CNWCVKQPU

6GOGEWNC ÒDGTCTDGKVGVG #WUHNCIG

81..

8QNNG *GPPKPI

$CFGPU 1TFGP

(TGKDWTI

9#.

9CNVGT *CPPGU

6CNNKPP

9#.&

9CNFQTH #UVQTKC ) O D *

9'$ 9'+.+ 9'+.1 9'4.

9GDGT &KGVGT #TPQNF 2CWN WPF -GKN 2GVGT 9GKNNGT 4C[OQPF 9GKNNGT 4C[OQPF 9GTNKEJ 4QDGTV

'GUVK 6GGPGVGO·TIKF 'UVQPKCP 1TFGTU CPF &GEQTCVKQPU 1TFGP 'KPG 5COONWPI FGT DGMCPPVGUVGP &GWVUEJGP 1TFGP WPF #WU\GKEJPWPIGP &KG 1TFGP FGU -ÌPKITGKEJU 5CEJUGP

94'&

9TGFG ' (

&¾EQTCVKQPU 2TKX¾GU &¾EQTCVKQPU 1HHKEKGNNGU 4WUUKCP 1TFGTU &GEQTCVKQPU CPF /GFCNU KPENWFKPI VJQUG QH +ORGTKCN 4WUUKC VJG RTQXKUKQPCN )QXGTPOCPGV VJG %KXKN 9CT CPF VJG 5QXKGV 7PKQP (KPNCPFU 7VO·TMGNUGVGEMGP

<'+

<GKIG %CTUVGP

'WTQRC 2TGKUMCVCNQI

1JPG 1TV

/ÒPEJGP QJPG ,CJT 1HHGPDCEJ CO /CKP

.WZGODWTI .WZGODQWTI 9CUJKPIVQP *GNUKPMK *CODWTI 233