Conversaciones desde el fragmento

Page 1

!"#$%&'(!)"#%'* +%'+%* %,* -&(./%#0" )#0%&-%&%#!)('*1234 56789:9;*:<*!68=>?;@68<; !"#!$#"!%& '()*+,-./012*33, 456*.758(*3 985:,;./*88*<-.=;>5?*)@* !A#!$#"!%& B,65)*.C*>-.7D3*E*6, B-;F.GD,;./-3*HI).93<D3* 7I),+*./*3J*88*; !A#!$#"!%& K5<3-.7*(*80L5; M*),58.N,82'66*.K3,5>/--3<,)*O 7*3>*.7*)>5+I) P3(*),H*O

!"#$%&"'()#$


A&"B%!!)"#%'*0%/A"&(,%'C23**D**).#(!)"*!EF$(&&)******************************************************************************************************************************* * 21G2HG1234 A68<8I<;J*)K89=@6*!LMN977@O*.<P9*/<>K97*Q*(><R@;*!9>>9:6*%;I<S98T9U

)K89=@6*!LMN977@J*G,+5)+,*<-.5).Q588*;.93>5;.R-3.8*.S),253;,<*<./-6R8D>5);5.<5.7*<3,<T.=)>35.;D;.R3-U5+>-;. &!%) ()DE!&!C ;! )PA?D6&6@= &?;)&FN! c d )= !E!()C? !(C6(] )= ;! BL) A!CF&6A! &?<? &?<6D!C6? Q !CFDE!^ ;! )PA?D6&6@= &?;)&FN! c )9?D () !D!d] &?<6D!C6!(! A?C 6C46=6! ?CC)=E) )= ;! !;)C7! !D () !C&);?=!^ Q );!"#$#!%&#'()* )= ;! 4!;)C7! !BL); ?=&) () !(C6( c )DAL+D () !5?C!d] &?<6D!C6!(? A?C )C=!C(? ?A);!=!` ! &?;!%?C!(? &?= ); LD)? !&6?=!; )=EC? () CE) )6=! ?0! )= ); E!;;)C c ?=DECL6C =6N)CD?D &?= 4=!&6? 5#N!CC6d Q )D A!CE) (); C&56N? () C)!(?C)D () !E!()C? !(C6(` 5IA_eeOOO`6&5!N!CC6`)D .<P9* /<>K97J 6&)=&6!(! )= ?<L=6&!&6@= L(6?N6DL!; A?C ;! =6N)CD6(!( !C;?D () !(C6(] &?= L= <#DE)C )= 6DE?C6! (); CE) ?=E)<A?C#=)? Q L;ELC! 6DL!; (); ` ! N6N6(? )= )6=? =6(?] (?=() EC!%!9@ A!C! ;! 6)=!; () 6N)CA??; ipnnt Q pnnvj] D6)=(? C)DA?=D!%;) () N!C6?D AC?Q)&E?D () !CFDE!D )= ); )DA!&6? AM%;6&?` )D() pnon EC!%!9! )= !E!()C? !(C6( &?<? &??C(6=!(?C! () &?=E)=6(?D Q <6)<%C? (); 4CLA? BL) &?<6D!C6@ ;! AC6<)C! )(6&6@= () ; !=&56E? )= pnoo` ?C<! A!CE) (); &?<6E+ () )(6E?C)D () (!AE!FN) &F?=D] 5! &?f&?<6D!C6!(? (!AE!FN) &F?=D !(C6( i()=EC? (); -)DFN!; !(C6( %6)CE? pnonj U.8*.RDJ8,+*+,I).+(*(&#%#$," ipnoqj` =EC) DLD 6=E)C)D)D &?<6D!C6!;)D D) )=&L)=EC!= ); LD? () E)&=?;?47!D !=!;@46&!D )= ;! AC#&F&! !CGDF&! &?=E)<A?C#=)!] ); C)E?C=? (); ?%9)E?] ); ()D!CC?;;? () <6&C?!&&6?=)D )= )=E?C=?D LC%!=?D 5)E)C?4+=)?D Q ;!D 6=E)CN)=&6?=)D !CGDF&!D ' ( 5'$ T. (><R@;*!9>>9:6*%;I<S98T9J* !&6(? )= L%!] N6N) Q EC!%!9! )= !(C6(` 6&)=&6!(? )= 6DE?C6! (); CE) A?C ;! =6N)CD6(!( () ! !%!=! Q &LC!(?C 6=()A)=(6)=E)] 5! &?<6D!C6!(? Q ?C4!=6R!(? AC?Q)&E?D !CGDF&?D )= L%!] L)&6! Q DA!>!` D <6)<%C? () C4!=? C? LC!(?C] Q 5! &??C(6=!(? AC?Q)&E?D )(6E?C6!;)D )= CE) Q !ELC!;)R!] !()<#D () &?;!%?C!C &?= AL%;6&!&6?=)D )DA)&6!;6R!(!D () !CE) &?=E)<A?C#=)?` = DL AC#&F&! &LC!E?C6!; %LD&! -?<)=E!C ); 6=E)C&!<%6? )=EC) DA!>! ) %)C?!<+C6&!] A?=6)=(? +=-!D6D )= ;!D AC#&F&!D !CGDF&!D BL) &?=;;)N!= L= <!Q?C &?<AC?<6D? &?= ;!D EC!=D-?C<!&6?=)D D?&6!;)D`


K3-U5+>-;.*)>53,-35;O. c != ND` 5!A)d_ 6%L9?D &C)!(?D () <!=)C! 6=f EL6FN!` )D6()=&6! )= 6=;!=(6!` LE?CC)EC!E?D )= C?A! 6=E)C6?C] &?<? L= DLA)C5+C?)` D&)=!C6?D -C!4<)=E!(?D] D6= ?C()=` ! C!R@= )= ); &!?D (); 6=f &?=D&6)=E)` ! 6<A?CE!=&6! (); 9L)4? )= ;! AC#&F&! !CGDF&!` c Q 6==6D5 LA)C5)C? ?;;)&F?=d_ ;!<!(! AM%;6f &!_ c ?(? /=;!=(+D F)=) L= DLA)C5+C?) ()=EC?` )= Q -?E?4C!0!E) )= C?A! 6=E)C6?Cd` ) =L)N?] ;! 3-R*.,)>53,-3.U.8*.,6*(5).<58.;DR530F3-5T.9J-3<*3. ;! <!D&L;6=6(!( ()D() ;! /&&6@= ? ); 9L)4?` LAELC! () )DE)C)?FA?D` c ?%C) ;? A?;6+(C6&? (); F)<A?d_ 6!C6? () -C!4f <)=E?D` )PE?D ) 6<#4)=)D D!&!(?D () &?=E)PE?` 6;L)E!D` 6=&? ;6%C?D] onn 6<#4)=)D Q onn E)PE?D` BD(*3.*.358*+,-)*3.?3*(65)>-;.<5.8*.656-3,*T.=8.5;f R5+>*<-3.+-6-.85+>-3T c 6%L9?D D!E+;6E)d_ &L<L;!&6?=)D () )DEC!E?D <5. >-<*;. 8*;. ,61(5)5;. +-)>5),<*;. 5). 8-;. 8,J3-;. (); AC?Q)&E? c ?%C) ;? A?;6+(C6&? (); F)<A?d` ; )DA)&E!(?Cf;)&E?C ()%) &?<A;)E!C ); D64=6/&!(?`

c C;( i =-?;()( &C))<AC6=EDjd_ )C64C!0!D )PE)=f <,<*;.<5.R*R585;.R352,*65)>5.R85(*<-;.5.,6R35;-;. +-). 6*R*;T. VD52*;. ?3-)>53*;T. -./0#1T. BD(*3. +-). 8-. *85*>-3,-T. 45)53*3. D). ;,;>56*. R*3*. +*6J,*3. 8*. ?-36*.<5.253.8*;.+-;*;T c 6)(C!Dd_ =DE!;!&6@= )= !E!()C? !(C6(] ()=f EC? () c d` ?=&;LD6@= !; AC?Q)&E? c ?=f -)J] AC)D)=E A)C-)&Ed` DL<6C ); A!D? (); F)<A?` )2)P6@= D?%C) ;! &?=DECL&&6@= () ;! <)<?C6!] ;! 56DE?C6!` CC)N)C)=&6!` LAELC! () L=! A6)(C! -!%C6f &!(! &?= )DEL&? <#C<?;` DEC!E?D () &?;?C)D` =E)Cf -)C)=&6!` )&?=DECL&&6@= A?C A!CE) (); )DA)&E!(?Cf 85+>-3T c O?L;( AL=&5 Q?L 6= E5) -!&) 6= !=Q ?- E5)D) )P!&E <?<)=EDd_ ; F)<A? )= ); )DEL(6?` ; !%LCC6<6)=E? +-6-.(5)53*<-3.<5.R,5H*;T.BD(*3T.9++,I).<5.8*)H*3. J-8*;. <5. J*33-. J8*)+-. U. +-8,;,I). +-)>3*. D). R8*)-T. 9>3*R*3.58.6-65)>-T c ?=D#6d_ C!4<)=E?D () &?=-)F EC!=D-?C<!(?D )= R,5H*;.<5.6*<53*.R-8,+3-6*<*.R*3*.D).5;R*+,-.<5. (6D)>? () <?%6;6!C6?` C!=D-?C<!&6@= () ;! =!ELf C!;)R! )0<)C! (); &?=-)F )= !;4? BL) A)C(LC) )= ); F)<A?`

C?Q)&&6?=)D )<A?C!;)Dgno c ?=-)J] AC)D)=E A)C-)&Ed_ !=R!<6)=E?D () &?=f -)F` 69!C ); AC)D)=E)` E?<6R!C` ; &?=-)F &?<? D7<%?;? () &!<%6?] AL=E? () 6=2)P6@=] D?CAC)D!` ? )0<)C?` !?D` ?E)=&6!; A?+F&? EC!=D-?C<!(? )= E)(6? !; &!)C !; DL);?` C!E!C () &?=D)4L6C ;? 6=!;&!=f R!%;) Q] !M= !D7] D)4L6C 6=E)=E#=(?;?` <A?D6%6;6(!( () &?=4);!C ); <?<)=E?` CLDEC!&6@=` L);?` L4!C +-). 8*. ,<5*. <5. ?3*+*;-. +-6-. R*3>5. ,)0535)>5. <58. AC?Q)&E?` \ L+ 5!Q ()DAL+D () ;! 9LN)=EL([ 7()? c ?? !E)d` c C;(d_ L)4? &?= ;! 4)?A?;7F&!` C!E!<6)=E? ()D() ); !%DLC(?` 6DE! () A!7D)D ?C()=!(?D !;-!%+F&!f <)=E) AC)D&6=(6)=(? () ;! AC6<)C! ;)EC! i f C<!=Q] f !6=] f ;6N6!aj Q C)AC)D)=E!&6@= N6DL!; )= L= <!A! &6C&L;!C` LAELC! () 9)C!CBL7!D` ?CE?&6C&L6E?` =8.5;R5+>*<-3.)-.RD5<5.*++5<53.*.8*;.+-;*;.+-6-. !&?DEL<%C!` =&?<?(6(!(` =E)C-)C)=&6! )= ); !&&)f D? !; &?=?&6<6)=E? 4)?4C#/&?`

c )E)?C6E?d i =E)C-)C)=&6! () 6<)=! !E? LC!:!f <6j_ ?<A;)E!C] A?E)=&6!C Q !A?CE!C ?EC! ;)&ELC! ! ;! AC?AL)DE! () 4=!&6? 5#N!CC6` =N)CFC ;! A?D6&6@= (); ELC6DE! )LC?A)? BL) %LD&! ;? )P@F&?` LDf &!C ); &!<6=? 6=N)CD?` EC? FA? () <?N6<6)=E?` %9)E? AC?D!6&?_ ;! %?;D! &?<? &@(64?] ?%9)E? )<%;)<#F&? () ;?D <?N6<6)=E?D !&EL!;)D () 6=f <64C!&6@= iC)-)C)=&6! !; N6!9)C? BL) N6)=) ! LC?f A!] =? A?C ELC6D<?j` EC? FA? () <?N6<6)=E?` =ECLD6@=` 6DL!;<)=E) =? ()D?C6)=E!] A)C? &?=f (L&) ! ?EC? ;L4!C` L)CA? )PEC!>? &?=E)=)(?C () !;4?` ? D) D!%) () (@=() N6)=) Q 4)=)C! (6DF=E!D 35*++,-)5;. 5). ?D)+,I). <58. 8D(*3. <-)<5. ;5. 5:R-)f (*T. =8. 65>5-3,>-. +-6-. ,)>53?535)+,*. 5). ;@. 6,;6-T c )DEd_ 6%L9?D A!C! L=! AL%;6&!&6@=` ; ;6%C? ()=f >3-. <58. 8,J3-T. BD5(-. <5. 6*)+0*;T. M,+->-6@*. <5. 8*. 6<!4)= )=EC) ;))C Q A)C&6%6C !; <6D<? F)<A?`


c L;FA;6&!Cf 6N6(6C e 6N6(6Cf L;FA;6&!Cd_ ?E?4C!0!D E?<!(!D )= L= N6!9) A?C !9! !;6-?C=6! )= +P6&?`

6DE?C6! (); ELC6DE! )LC?A)? BL) N! ! ()D&L%C6C` P?FD<?` <#4)=)D &!DL!;)D (); A!6D!9) 6=E)C-)f C6(!D A?C ); /;EC? &!;)6(?D&@A6&? () L= <@N6; iC)-)f C)=&6! (6C)&E! !; 9L4L)E) &?<? (6DA?D6FN? 4)=)C!f (?C () 6<#4)=)D <#46&!D Q /;EC? () DLA)CC)!;6(!(j` (6-)C)=&6! (); &!;)6(?D&?A6?] ;! 6<!4)= &?=DECL6(! !CF/&6!; D) <L)DEC! )= F)<A? C)!;` ?DE!;` ?LN)=6C () =6=4L=! A!CE)` L;FA;6&!&6@= () ;! 6<!4)=] Q! -C!4<)=E!(! )= D7 <6D<!] A!C! &C)!C L=! =L)N!` 6f D)&&6@=` ?=E!9) D6= &?DELC!D` C?AL)DE! () &!<%6? 5). 8*. 6,3*<*T. /35*3. D)*. ,)>53?535)+,*. 5). 8*. R3-R,*. +-);>3D++,I). <5. 8*. ,6*(5)T. 96R8,*3. 8*. R53+5R+,I). (); N6!9)` C?A?=)C L=! =L)N! ;)&ELC! ! L=! L=6(!( ?3D;>3*<*.-.?3D;>3*)>5.*.>3*2F;.<5.8*.35+-6R-;,+,I). () -C!4<)=E?D` ! ?%D)D6@= 5L<!=!] &6)=G/&!] () BL)C)C )=E)=()C <#D ! EC!N+D] )= )DE) &!D?] () ;! -?E?4C!0!` ; &)C)%C? C)&?=DECLQ) Q &?<A;)E! ;!D 6<#4)=)D BL) ); ?9? =? N)] C);;)=! !LE?<#F&!f 65)>5. 8-;. 0D5+-;. )5(3-;T. G*. <,;R-;,+,I). <5. 8*. 6<!4)= )= L= A!A); () A!C)( &?=F=L? DLA?=) ;! RF3<,<*.<5.8*.,6*(5).8,)5*8.<5.8-;.8,J3-;T.K*3*858*f <)=E)] )D ;;)N!C !; )PEC)<? ;! ?%C! () !CE) &?<? );)<)=E? ()&?C!FN?` ? )DE+F&? N)CDLD ;? A?;7F&?` c 6)(C!D] A?C ()%!9? (); F)<A?d_ EC! <!=)C! () !%?C(!C ); -C!4<)=E?` 6 )= ;!D -?E?4C!0!D D) EC!E! () -C!4<)=E!C ); A!6D!9) A!C! &?=DECL6C !;4? (6-)f C)=E)] ;! A6)(C! )D &?=DECL6(! ()D() &)C? A!C! ;L)4? <5;+-6R-)538*T.P3<5).,)253;-T.G*.-J3*.35+-(5.D)*. >56R-3*8,<*<. U. D). R3-+5;-T. N5<,65)>-;T. N-8*R*3T. !A! D?%C) &!A!` C!4<)=E!&6@= !;)!E?C6!` ?;?C)D %C6;;!=E)D] ;;!<!FN?D] &?<? ;?D BL) D) LD!= )= ;?D 9L)4?D` !&E?C ;M(6&?` ; )=D!Q? D?%C) ;! ,1.2(/3 1.$,),. () )?C4)D 6(6f L%)C<!= i ( ) $"j !%?C(! ;! <?FN!&6@= 6=-!=F; () C?<A)C ;!D &?D!D A!C! )=E)=()C;!D i); 9L)4? &?<? ?C64)= () ;! 6<!4)= (6!;+&F&!j` )D<?=E!C A!C! N?;N)C ! <?=E!C] A)C? () ?EC! -?C<!` 7EL;? 6=DA6C!(? )= L= )D;?4!= () L=! &C)<! !=F!CCL4!D icA?C )=&6<! (); F)<A?dj` =N)CFC ;! 6()! () BL)C)C &?=4);!C L= <?<)=E? () 9LN)=EL(` = ;L4!C () A?C )=&6<!] A?C ()%!9?` ` ? BL) )DE# A?C )=&6<! ? A?C ()%!9? (); F)<A? )D ;? <6D<?` 6D)&&6?=!C] <)E)C ;?D ?9?D ()=EC? () ;!D &?D!D] )D L=! &?=DE!=E) 5). 8*. 0,;>-3,*T. 98D;,I). *. 8*. +*3(*. ;,6JI8,+*. U. +*;,.

&?=DFELFN! () ;! &L;ELC!` ! &!A!&6(!( 5L<!=! <5. <,;5++,-)*3. U. <,2,<,3. 8*;. +-;*;. ;5. -3,(,)*. 5). 8*. LF;6R!&6@= (); &!=E? !/;!(? () ;! A6)(C!` ; ()N)=6C 0,;>I3,+-.+-6-.(5)53*<-3.<5.D)*.6,3*<*.*8.6D)<-. D)4M= L=! (6<)=D6@= E)<A?C!; DL&)D6N!` ; F)<A? &?<? C);!&6@= &?= ); -C!4<)=E?` !C!;6R!C ? ()E)f =)C ); AC)D)=E) A)C-)&E?` 6N6C )= ); !BL7] )= ); !5?C!` C!=D-)C)=&6!D &?= ); AC?Q)&E? (); &?=-)F` MDBL)f (! )DE+F&! Q <)E!0D6&!` ! E?E!;6(!( &?<? !;4? )DBL6N?` ; F)<A?] ); &?=-)F )= ); DL);?] *##!$.*(T.

6?=6D6? ?=R#;)R ic ;)47! owqvd] pnnvj` 7()? ) ,);>*8*+,I)T /-)(58*3.8*.,6*(5).<5.D)*.5:R8-;,I).U.35R3-<D+,38*. )= ); )DA!&6? 0D6&?` ;!D<!C ;! -C!46;6(!( () L= 6=Df E!=E) BL) E?(?D BL)C)<?D &?=4);!C` ?<A?=)C ?EC! C)!;6(!(` L!;BL6)C !CFDE!] () L&5!<A )= !()f ;!=E)] %LD&! L=! -C!4<)=E!&6@=] A!C! BL) D)! ); )Df A)&E!(?C BL6)= &?<A;)E) ;! A6)R!` ? D) AC?A?=) D)*.>->*8,<*<.+53>53*.),.*8(-.+533*<-T.9;D6,3.8*.,)f E)C-)C)=&6! ! A!CFC () ;! 6=E)C!&&6@= &?= ;! <6C!(!` ` );!&6@= (); -C!4<)=E? A?D<?()Cf =? &?= ); C?<!=F&6D<? E)<AC!=? i C!=:)=DE)6=j` !C!(?9! (); -C!4<)=E?] BL) &?=DFELQ) L=! L=6f (!( D64=6/&!=E) )= D7 <6D<? Q] !; <6D<? F)<A?] )D A!CE) () !;4? <#D` ; )DA)&E!(?Cf;)&E?C 6=E)=E!


&?<A;)E!C] C)D?;N)C] ;;)=!C ;?D 5L)&?D BL) -!;E!=` )C? ); -C!4<)=E? )D (6-)C)=E) ! ;! -C!&&6@= iL= A!D!9) () L= ;6%C?] A?C )9)<A;?] AL)() E)=)C D64=6/f &!(? A?C D7 <6D<?j Q ! ;! CL6=! iA)D) ! )DE!C !57] ;? 6<A?CE!=E) )D ;? BL) =? )DE#] ;? BL) D) 5! A)C(6(?j` ; &?=E!C ?EC! &?D! BL) =? )D] ); -C!4<)=E? Q! )D L= (6D&LCD? ();6%)C!(? BL) )P64) L=! &?<A?D6&6@= A?C A!CE) (); ;)&E?C` 56;6AA) !&?Lf !%!CE5) Q )!=f L& !=&Q EC!E!= ); E)<! (); C?<!=F&6D<? E)<AC!=? U.0*+5).35?535)+,*.*.8*.)5+5;,<*<.<5.+-6R-)53.58. -C!4<)=E?] ;! ;)&ELC!] A?C A!CE) (); )DA)&E!(?C_

(!< N69!=?N6&_ c EL(Q -?C on 6=LE)D !3)C C!N6EQ

!6;D ` `d ipnnsj

;7(!<&.21(/*.&=!*#*.$,*=9!,/!)#/<#&1,*=!>,*7!>7.*!#/(! "7#4$0!?(/*4&(!*#!).$$!,/"*(.0!*7(!$#2,)!#<!*7(!7(02(3 " 2 "( ' (* ( ( " $" (3 ( ' ' * ( 5 "*' . ( - " $ &(4 & ( ' , "& (' "& ( ( &" - ' ( 4

("( (. ' ( & ( (' (' ' 3 , * (.4 i 56;6AA) !&?Lf !%!CE5) Q )!=f L& !=&Qj & (2 (*& -"& " &(2 ' (" )& . '" ( &" ( '*&&"* -"& " $ ( (' $"& *$ 4 i C6)(C6&5 N?= &5;)4);] c E5)=!)L< C!4<)=EDdj &)C&! () ;! A?+F&! () -C!4<)=E!C] N+!D) ;! AL%;6f &!&6@= c 5?LD!=( 6)&)Dd ic 6; A)(!R?Ddj () C!6(! ?<%!C(7!` ?C <L&5? BL) 6=E)=E)<?D L=6C ;?D -C!4<)=E?D] D6)<AC) 5!Q !LD)=&6!D] ;?D N!&7?D )-.RD5<5).35+-6R-)53;5T. ! )PA;?D6@= /=!; () ;! A);7&L;! () =E?=6?=6 c !%C6Df :6) ?6=Ed] 4C!%!(! )= ); ()D6)CE?] A;!=E)! ); 6=E)=E? () &!AELC!C ); F)<A? Q !;!C4!C;?` (!< N69!=?N6& EC!D;!(! ! ;! A6=ELC! ;! <6D<! E)=E!FN! () /9!C ;?D -C!4<)=E?D (); F)<A?` !N6( !;;) -C!4<)=E! () ?EC! <!=)C!] QLPE!A?=6)=(? N!C6!D 6<#4)=)D BL) ,6R8,+*).D)*.;DR53R-;,+,I).<5.+*R*;.<,?535)>5T.

6&5);!=4);? =E?=6?=6_ c !%C6D:6) ?6=Ed iowunj

!N6( !;;)_ c 3)C 6&5);!=4);?] 5) !DE L(4<)=Ed ipnnsfpnntj M,?535)>5;. 6*)53*;. <5. >3*;8*<*3. D)*. 6,;6*. ,<5*O. 8-;. ;-8*R*6,5)>-;. <5. 8*;. ,61(5)5;. <58. R3-U5+>-. c 6%L9?D D!E+;6E)d 4)=)C!%!= ?EC? FA? () !&L<Lf ;!&6@= BL) D) BL)(!%! )= ); &?=E?C=?] <6)=EC!D BL) ;! A6)(C! <L)DEC! 0D6&!<)=E) DLD )DEC!E?D` ?= (?D -?C<!D () !;<!&)=!C 6<#4)=)D )= ); &)C)%C?] BL) ()%) 56;!C] &?=DECL6C Q ;;)=!C 5L)&?D () (6DF=E? <?(?` ?C ?EC? ;!(?] E!=E? ;! )PA;?D6@= (); &?=-)F &?<? ;! CLAELC! () ;! A6)(C! &?=DFELQ)= <?<)=f >-;.<5.,)>5);,<*<T. ` L)=E? () L;6? ?CE#R!C c !D ;7=)!D () ;! <!=?d_ * &( )& '" & $.!1(".!".$(!4/.!$5/(.!64(!)#&&(!%#&!$.!%$./)7.!0(! $ " . $"& * $ ( 4 '( & & $ & ' * & & %* " ) + $"& $ '" $ &3 6489!&(1#/*.!($!14&#9!(/*&.!(/!4/.!$:1,/.!64(!&(3 $&" * * * &" "* &2 * '$ * * & & * , . $"& ' $ ( # $"& ( " . ' $ & && ."' '( 4 ' ' * & *' (& ' ("2 $ &" " ( # ' , & '* & $"& &* *(" +' '( " " '%* . %* , $* &("4 $"&


# & '( $ ' & ' &* 2 (& ( && ("& " "') ' * '2 & $ . & $( . / 3 / * '( * ."& . 6$ &" ' , & 2 '" " ' & ( ' ' * $ & (& $ & "& "7 '* & " (*& ' '" "& '2 "&& $"& ' $ ' * &( $& & ' 2 ' , " * ( ' ") ."& . * 2 " * " & (& '( "! . ' * ' & $ &) 2 & " ( $"& "'(*& $ ( # 2 $"& " $* ("2 ' ' / " " . " * + ) " ' * &/" ' * & $ " & 2 %* ' '( ( $ / && &' '" & * ( * $ '(" 4

L;6! ;)C)=!_ c 6<)=D6?=)D A)C(6(!Dd

!<)D 5!;)_ c C!=:)=DE)6=d iowqoj ` ; AC6=&6A6? () 6=&)CF(L<%C)` ! &L)DF@= () ;! )=EC?A7!` (6-)C)=&6! (); C!=:)=Df E)6= (); ?<!=F&6D<?] )= ;! ()D-C!4<)=E!&6@= A?D<?()C=! !;4? BL) D) ()D&?<A?=) =? D) AL)f () N?;N)C ! 9L=E!C =L=&! <#D` ;4L=!D C)-)C)=&6!D N6DL!;)D_ ;!D -?E?4C!0!D () L;6! ;)C)=! &!AELC!= ;! 6<!4)= () L=!D D#%!=!D &!Q)=(? BL) <L)DEC!= -?C<!D BL) )DE!%!= !57 Q] D6= )<%!C4?] =? D?<?D &!A!&)D () N)C )= ); <?<)=E? () ;!=R!C;!D] 64L!; BL) ); &!<6=!C () L=! A)CD?=! ? ); A!D? () L= &!f %!;;? )= ;?D -?E?4C!<!D () !(O)!C( LQ%C6(4) +-335;R-)<,5)>5;.*.;D;.5:R53,65)>-;.+-).8*.+3-)-f -?E?4C!0!`

!(O)!C( LQ%C6(4)_ c =6<!; ;?&?<?F?=d iovvsfvuj ` = C);!&6@= ! ;! 6=DE!;!&6@= c L;FA;6&!Cf 6N6(6C e 6N6(6Cf L;FA;6&!Cd] ); N6!9)C? ()D&?<A?=) ;! 6<!4)= () ;? BL) N) A!C! &!AELf C!C;!` ! <?(6/&! Q ;! EC!=D-?C<!] 64L!; BL) ); &!f ;)6(?D&?A6?] BL) &?=DECLQ) L=! N6D6@= !%DEC!&E! (); AC?A6? A!6D!9)` ; )DA)&E!(?C &?<6)=R! ! C)f &?=DECL6C ;? BL) )DE# N6)=(?] ! !C<!C )D?D 5L)&?D] )= -L=&6@= () DL <)<?C6!] 4)=)C!=(? ?EC? &!;)6f (?D&?A6? E?E!;<)=E) (6DF=E? BL) &?<A?=) L=! =L)N! =!CC!FN!`


` ; )=-C)=E!<6)=E? )=EC) ;? A?;7F&? Q ;? )DE+F&? i! AC?A@D6E? (); ()%!E) D?%C) ); A!A); () A!C)(j )D !%DLC(?` +!D)] A?C )9)<f A;?] ); <LC!;6D<? <)P6&!=? ? c ! 6=N)=&6@= () ;! ;6%)CE!(d () )!= E!C?%6=D:6 iD?%C) ;!D /)DE!D () ;! +A?&! () ;! ;LDEC!&6@=j` ! %);;)R! () L=! )Pf A;?D6@=` ! &!7(! () ;!D ?CC)D )<);!D` ?D -C!4f 65)>-;.<58.6D3-.<5.Q538@)T ` ?%C) ;! &L)DF@= (); )DA)&E#&L;? () ;! ()DECL&&6@=] ); !CFDE! <)P6&!=? 93>D3-.W53)1)<5H.98+1H*3.6D5;>3*.5).D).2@<5-.8*. >3*);?-36*+,I).<5.D).5;R*+,-.5).R-82-.U.2,+5253;*T.

64L); ?!C)D_ c LD5C??<d ipnnqj M5>*885.<58.?->-6-;*,+ ` A)C!&6@= C?DDC?!(D_ =D!Q? =L&;)!C )= ); !E?;@= 6:6=6 (); !&7/&? )= owrt &?= ;! ()E?=!&6@= () (?D %?<%!D !E@<6&!D_ c %;)d Q c !:)Cd`

CELC? )C=#=()R ;&#R!C_ c C!=D-?C<!F?= ?- DA!&) 6=E? (LDE !=( N6&)N)CD!d ipnnuj ` )-)C)=&6! N6DL!; !; !CFDE! A?CEL4L+D 64L); ?!C)D] BL) &?=DECLQ) L=! )Pf R8-;,I).+-).?3*(65)>-;.<5.->3*;.5:R8-;,-)5;T A)C!&6@= C?DDC?!(D iowrtj

)N6DE! 6-)_ c E?< ?<% !:)dh iowrtj ; N6&)!;<6C!=E) ;!=(Q Q DL <L9)C 9L=E? !; &?=EC!f !;<6C!=E) ?OCQ &);)%C!= ); +P6E? () ;! A)C!&6@= /3-;;3-*<;T


A&"B%!!)"#%'*0%/A"&(,%'C21**D**5)/%#(*V(0"*/W&(V(/)******************************************************************** 2XG2HG1234 A68<8I<;J*5@P<89*V9I6*/?79Y9P@O*56;Z*,?@;*!679[\8*(7:?79*Q*/\8@=9*!97]9>>9;U

5@P<89*V9I6*/?79Y9P@J !&6(! )= )CM] C)&6%) -?C<!&6@= !CGDF&! )= !CD);;! Q CLD);!D] Q !&EL!;<)=E) N6N) Q EC!%!9! )= !(C6(` L EC!%!9? &L)DF?=! ); AC?&)D? () &?=DECL&&6@= () ;! ?%C!] )PA;?C!=(? ;!D A?D6%6;6(!()D () (6DF=E?D <!E)C6!;)D` DE! <!=)C! () ?A)C!C &?=;;)N! ;! &C)!&6@= () A6)R!D BL) 9L)4!= &?= ;! =?&6@= () E)<A?C!;6(!(` =EC) DLD )PA?D6&6?=)D] &!%) ()DE!&!C c = D6ELd )= DA!&6? () CE) !(C6(] c )] QD);- !=( d )= ;! L=(!&6@= )=E)=)C! () !(C6(] c 5!6= )I)Cd )= 5) 56;!();A56! )=(CQ] c ?;(d )= !DD);E ? c L;Fe ;6)Cd )= !;)C6) 6;;)D (L !;N!6C) () CLD);!D` ()<#D] 5! A!CF&6A!(? )= A)= EL(6? i CLD);!D pnnv Q !(C6( pnoqj` 5IA_eeOOO`96<)=!:!E?<LC!:!<6`=)E 56;Z* ,?@;* !679[\8* (7:?79J ?&E?C )= 6;?D?0!] )D&C6E?C Q &C7F&? () !CE)` D (6C)&E?C (); 4CLA? &LC!E?C6!; Q 5! &?<6D!C6!(? AC?Q)&E?D &?<? c A!=6D5 ;6)Dd] c =()C4)=ECQ/&!F?=d] c ! &?<L=6(!( ()D?%C!(!d] c ;)4?C7!D () ;! <64C!&6@=d] c )D L%;6&!)` =E)CN)=&6?=)D (); &!A6E!;6D<? )= ); N6()?!CE) )DA!>?; !&EL!;d Q c PEC!CC!(6?d` D !LE?C () c ! )D&!;)C! (! ! ;! =!(!` DE+F&! () L!= (L!C(? 6C;?Ed Q c ! N?R C)<?E!d` ?;!%?C! )= (6N)CD!D AL%;6&!&6?=)D] &?<? -(?,"*.!0(!@)),0(/*(] A.!B$(2&5.!0(!$#"!C.4<&.2,#"] C#$(/"!D#$(/"] E#/*&."*(".-. &(# & ] )=EC) ?EC!D` ?(6C)&E?C () ;! C)N6DE! * Q )(6E?C () DA!>! 5.'J53-*6F3,+*.<5. *& / T. /\8@=9* !97]9>>9;J* 6&)=&6!(! )= );;!D CE)D Q !46DE)C )= LD)?4C!0! Q PA?D6&6?=)D` &EL!;<)=E) D) ?&LA! () ;! (?&L<)=E!&6@= ) 6=N)DF4!&6@= )= ); C&56N? !-L)=E)` ! D6(? &??C(6=!(?C! () )PA?D6&6?=)D )= ); () !(C6(` ! &?<6D!C6!(? ;! )PA?D6&6@= c 6? PA)C6<)=E!;_ <#D !;;# (); !CE) ); A?)<! Q ;! !&&6@=d )= ;! L=(!&6@= ?G= () !=E!=()C ipnonj] ); AC?4C!<! !L(6?N6DL!; c L!=(? C!D6; ()N?C@ ); &6=)d )= ); ipnooj] c !%)C6=E? () N6D6%6;6(!(_ !L(6?N6DL!; )PA)C6<)=E!; (LC!=E) ;!D (6&E!(LC!Dd A!C! ;! C6)=!; () 56;) ipnnwj Q ); AC?4C!<! !L(6?N6DL!; c &FN!C L=! 56DE?C6!d () ;! 6)=!; () !;)=&6! ipnnuj` ??C(6=! ;! )(6E?C6!; 6DL)>! C)DD] )= !=E!%C6!] BL) AL%;6&! ;!D D)C6)D () ;6%C?D_ c 56E) 6=) C)DDd Q c ?=N)CD!&6?=)D )= ;! &!%!>!d`


K3-U5+>-;.*)>53,-35;O. c !=(D&!A)Dd_ ?E?4C!0!D <!&C? () E)PELC!D )= !;6<)=E?D` ?5?` =E)C+D A?C ;! 6<!4)= BL) C)f N);! ;? BL) =? D) N) =?C<!;<)=E)` =6&6? () 6=N)DFf 4!&6@= &?= <!E)C6!;)D =? EC!(6&6?=!;)D] )0<)C?D Q ?C4#=6&?D` );!&6@= &?= ); N7()? c E?C!4)d` c ?DD6;)Dd_ 6)R! C)!;6R!(! &?= &!%);;? i); A);? F)=) A?;!C6(!(] !L=BL) )DE+ &?CE!(?j] ! <?(? () ()D&Lf %C6<6)=E? !CBL)?;@46&?` A?&! () )PA)C6<)=E!&6@=` !C!;);!<)=E)] )D&L;ELC!D () <?N6<6)=E? !LE?<#Ff &? &?= !;!<%C) ! <?(? () (6%L9?D EC6(6<)=D6?=!;)D` c =()C;6=)=d_ D&L;ELC!D () (6N)CD?D C)E!R?D () E);! &L%6)CE?D )= A!C!/=!` ?&6@= () )=N?;ELC!` C?E)&&6@=` !D A6)R!D -L=&6?=!= )= &?=9L=E?` ; ?3*(65)>-.+-6-.6I<D8-T c 5) 4C!DD 6D !;O!QD 4C))=)Cd_ ; E)PE? &?<? 5)CC!f 6,5)>*.R*3*.+35*3.D).<,18-(-.U.D).2@)+D8-.+-).58.5;f R5+>*<-3.5).8*.R53+5R+,I).D).5;R*+,-.?3*(65)>*<-. 5). <-;T. K53,-<-. <5. 35*8,H*+,I). <5. ,);>*8*+,-)5;. U. +35*+,I). <5. -J3*;. ,/! ",*4] )= ); <!C&? () L=! )Pf R-;,+,I).-.<5.D)*.35;,<5)+,*T.V5+5;,<*<.<5.35R5);*3. ); )DA!&6?] =? D?;? &?<? &?=E)=)(?C] D6=? E!<%6+= &?<? A!CE) () ;! ?%C!] &?<? A6)R! )= D7 <6D<?` c 5)C) 6D =? A;!&) ;6:) 5?<)d_ )D6()=&6! )= ?f ;!=(!` DA!&6? D6)<AC) ?&LA!(? &?= ;?D N)DF46?D () BL6)=)D ;? 5!%6E!C?=` <A!A);!(? <LC!; &?= R*(,)*;.<5.R53,I<,+-;.8-+*85;T.G*.*++,I).<5.56R*f A);!C A!C)()D &?<? !&FN6(!( C);!&6?=!(! &?= ;! &;!D) <)(6!` ! -C!D) c 5)C) 6D =? A;!&) ;6:) 5?<)d] -C!4<)=E!(! )= (6DF=E!D A!C)()D] =L=&! )DE# &?<f A;)E!^ D) &?=DECLQ) ()A)=(6)=(? (); AL=E? () N6DE! <58.5;R5+>*<-3.5).58.5;R*+,-T c ?=DECL&&6@=e =N!D6@=d_ C!%!9? &?= ;?D <!E)C6!;)D <5. +-);>3D++,I)T. /35*3. 8*. 5;>3D+>D3*. <5. D)*. +*;*T. ?<!C ); )DA!&6?` )&L)C(? () ;!D &?=DECL&&6?=)D () ;?D cAL)%;?D 9@N)=)Dd] 6=N!D6?=)D )= ;!D ;?<!D *835<5<-3.<5.G,6*.+-).5;>3D+>D3*;.<5.8,;>-)5;.?-33*f (!D &?= A;#DF&? ? ;!E@=` ! )D&L;ELC!] &?<? (6%L9? )= ); )DA!&6?] 4)=)C! !()<#D L= E)CC6E?C6?` <%!D AC#&F&!D D) )=&L)=EC!= ;64!(!D !; <6D<? AC?&)D?`

c !=(Dd_ ; N7()? &?<? <)(6? A!C! EC!%!9!C 6=f E)CC?4! &L)DF?=)D C);!&6?=!(!D &?= ;! )D&L;ELC!` LD)=&6! () =!CC!FN!` A##%` %9)E?D () &?=DL<?] ()DA?9!(?D () ;! <!C&! Q ); ;?4?] )= L=! &6=E! EC!=Df A?CE!(?C!] A)C&6%6(?D D?;? &?<? -?C<!D` L)DF?f =!C ;! N)CF&!;6(!( () ;! )D&L;ELC! Q ;! !CBL6E)&ELC!` c L!C(C!6;d_ ! A)C-?C<!=&)] 64L!; BL) ); N7()?] &?<? N)57&L;? A!C! )=E)=()C ()E)C<6=!(?D !DA)&f >-;.<5.8*.5;+D8>D3*T.G*.*++,I).+-6-.)5+5;,<*<.R*3*. 4)=)C!C ?EC? FA? () C)DAL)DE!] D6= 4L6@= =6 A!C#%?f ;!] D6= L= AC6=&6A6? =6 L= /= (!(?` )2)P6@= D?%C) ;! )D&L;ELC!] ;! N)CF&!;6(!(e5?C6R?=E!;6(!( ()=EC? () ;! 6<!4)=f<?N6<6)=E?` c )<!A5?C!A56;6!d_ =DE!;!&6@= () (?D (6DA?D6FN?D <?E?C6R!(?D &?= L=! %!=()C! () ;! D)>!; D)<#-?C?` !(! L=! )<6E) L= <)=D!9) A)C? =? D) )D&L&5!=` ?D E)PE?D C)&?CC)= ;!D A!C)()D_ c 5!N) D?<)E56=4 6<A?CE!=E E? &?<<L=6&!E)d Q cDE?A &!CCQ6=4 ?LE Q?LC 6=E)=F?=D !=( O!E&5 -?C <Q D64=!;Dd` ?=N)Cf ;*+,I).*J;D3<*.5)>35.<-;. ' ( & 'T c ;?%?d_ 6&C?C)D6()=&6!` &&6@= () rs <6=LE?D E)46DEC!(! )= L= N7()? D6= )(6E!C` )=(6(! D?%C) ); DL);?] 6=2!C L= 4;?%? () obsn <` () (6#<)EC? 5!DE! 5!&)C;? )PA;?E!C` ; 4;?%?] ! A)D!C () DL ;64)C)R!] D) NL);N) L= N?;L<)= A)D!(? Q ?AC)D?C iA?C ); &?;?C =)4C? Q ;! (6/&L;E!( () 6=2!C;?j` ! )PA;?D6@= &?<? !DA)&E? A)C-?C<!FN? () ;;)N!C !; ;7<6E) ;! &!A!&6f <*<.+-3R-3*8.U.6*>F3,+*T c L.d_ D&L;ELC!D () A!A); () A!EC?=!9) E)PF;] C)E?<!=(? ); EC!%!9? &?= ); -C!4<)=E?` !C)&6(? &?= ;!D 4?;!D ? ;?D ELEMD () %!6;!C6=!` );!&6@= &?= ); (6%L9?] ;! !&&6@= Q ;! A)C-?C<!=&)` L4)C)=&6! () <?N6<6)=E?` ); EC!%!9? &?= <!E)C6!;)D )0<)C?D Q ?C4#=6&?D ! ;! %MDBL)(! () !DA)&E?D <#D -?C<!;)D` c =&;)=BL)Dd_ C!%!9? )= ); )DEL(6?` (!AE!&6@= () 8*. -J3*. *8. 6-<-. <5. 2,<*T. /35*+,I). <5. 5;>3D+>D3*;. )0<)C!D] BL) D) AL)()= !C<!C Q ()D!C<!C` D)L(?f +-);>3D++,-)5;.-.+-)*>-;.<5.+-);>3D++,I).+-).6*>5f C6!;)D () )<%!;!9)` 7EL;? !;LD6N? !; &?=E)=6(? () ;!D A6)R!D` C!%!9? &?= ;?D );)<)=E?D 5!&6! L=! ;)&ELC! <#D !%6)CE! BL) 6<A;6&! L= 9L)4? &?= ;?D <!E)C6!;)D BL) <L)DEC!= ); AC?&)D?` ? 5!Q =6=4M= (6DA?D6FN? 5;+-)<,<-.<5>31;.<5.8*;.R,5H*;T.


C?Q)&&6?=)D )<A?C!;)Dgnp c !N)d_ 7()? )= $##%.35*8,H*<-.5).58.5;>D<,-.5). !(C6(` ?N6<6)=E? () L=! &?CF=! () A;#DF&? C?R!=(? ); DL);?] AC?N?&!(? A?C ); N6)=E?` ?=6(? R*35+,<-. *8. 2*,2F). <58. 6*3T. V-. 0*U. )*33*+,-). ),. )(6&6@=` C!4<)=E? BL) D) C)A6E) )= $##%T.=8.;-),<-. R35+5<5.*.8*.,6*(5)T c e d_ 6%L9?D &?= C?EL;!(?C ) 56;? D?%C) -?E?&?f A6!D () A!A); <6;6<)EC!(?` ; 56;? 4)=)C! ); (6%L9? )= -L=&6@= () ;! -?C<! BL) !(BL6)C) )= ); )DA!&6? Q D) &?<A;)E! &?= ); C?EL;!(?C` LD6@= )=EC) ;? !;)!f E?C6? Q ;? AC)<)(6E!(?` L)DF?=!C ;! )D&L;ELC! Q] A?C )PE)=D6@=] ;! !CBL6E)&ELC!` ?<)=E!C6? ! ;! AC)f &6D6@= (); (6%L9? !CBL6E)&E@=6&? ! EC!N+D () ;! C)f +-);>3D++,I).U.8*.;@)>5;,;T.45-65>3@*.+-)>3*335;>*f (! &?= ); A)C/; ?C4#=6&? (); (6%L9? &?= 56;?` c =&;)=BL)Dd_ );!&6@= &?= ); EC!%!9? )= ); )DEL(6?] ); +=-!D6D )= ); AC?&)D?] ); 9L)4? &?= ;?D <!E)C6!f 85;T./35*+,I).<5.<,?535)>5;.+-6J,)*+,-)5;.+-).35f E!R?D () <!E)C6!; () )<%!;!9)` )&!;&!C DL &!C#&E)C Q DLD &L!;6(!()D 0D6&!D` !&)C 5!%;!C !; <!E)C6!;] D6= <?(6/&!C;? =6 -?CR!C;?` C)-)C)=&6! A?C ;! 6=Df E!;!&6@= -C)=E) ! ;! )D&L;ELC! L=6E!C6!] &)CC!(!` ; -C!4<)=E? &?<? <@(L;? BL) )= &?=9L=E? &?= ?EC?D );)<)=E?D 64L!;)D ? A!C)&6(?D &C)!= ;! A6)R!] =? &?<? D64=? () !;4? BL) -L)` );!&6@= &?= )D&L;f ELC!D !=E)C6?C)D () );)<)=E?D !CBL6E)&E@=6&?D i;! ?CC) 6.);] L=! )D&!;)C! Q L=! A!;!j -!%C6&!(!D &?= 1.&"71.$$#> i=L%)D ? <!;N!N6D&?Dj] BL) =? AL)f ()= )DE!C )C4L6(!D Q &!)= A?C DL AC?A6? A)D?` )-)f 35)+,*.+-).8-;.R3,653-;.&(.0=31.0(!() L&5!<A] &?<? c = !(N!=&) ?- E5) %C?:)= !C<d` ;!=E)!C L= &?=EC!AL=E?] &L)DF?=!=(? ;! N)CF&!;6(!( Q ;! D?;6f ()R () ;! )D&L;ELC! <?=?;7F&! Q -#;6&!` );!&6@= () ;! )D&L;ELC!] ;! ?&LA!&6@= (); )DA!&6? Q ); 6=E)C+D A?C ); <?N6<6)=E? &?= ;! AC#&F&! () ;! (!=R! iAC)f -)C)=&6! A?C ;! (!=R! <?()C=! )= DL EC!%!9? &?= ); &L)CA? &?<? <!E)C6!; (6DA?=6%;)j` )C&) L==6=f 45!< D?DF)=) BL) ;! (!=R! )D &!<6=!C` !=E)=)C ); )BL6;6%C6?` ; )DA)&E!(?C D) NL);N) &?=D&6)=E) () DL AC?A6? &L)CA? Q () DL C);!&6@= 0D6&! &?= ;! A6)R! iL=! C);!&6@= () )BL6;6%C6?j` PA;?C!C ;!D &!C!&f E)C7DF&!D A)C-?C<!FN!D () ;! )D&L;ELC!` 6)=EC!D ;! AC?AL)DE! () 4=!&6? 5#N!CC6 &?=D6DE) )= /9!C ); <?<)=E? () ;! )PA;?D6@=] !BL7 D) AC)D)=E! ); 6=Df

E!=E) AC)N6?] ); D)4L=(? !=E)D () &!)C] ); 6=E)CN!;? <5. 61:,6*. >5);,I). *)>53,-3. *8. R-;,J85. <5;*;>35T. &);)C!&6@=` 6)<A? &?<AC6<6(?` ?N6<6)=E?` c e d i =E)C-)C)=&6! () )(C? !4!;5$)Dj_ 6#;?4? &?= ;! ?%C! () 6<)=! !E? LC!:!<6` ?E?4C!0! <5. ?3*(65)>-;. <5. 2,<3,-. *R-U*<-;. 5). D)*. R*35<T. F;6R!C ); )DA!&6? () ?EC! <!=)C!` %;64!C ! <6C!C 61;. *881. <5. 8*. 2,;>*. ?3-)>*8T. K35;>*3. *>5)+,I). R*3*. <5;+DJ3,3.8*.R,5H*.,);>*8*<*.5).58.;D58-T ` !;7 (69?] A?D6%;)f <)=E) )= C)-)C)=&6! ! ;! ?%C! () !;()C] BL) ;? <7=6<? BL) D) ;) AL)() A)(6C ! L=! )D&L;ELC! )D BL) )DE+ BL6)E!` );!&6@= () ;? -C!4<)=E!C6? &?= ;! )PA;?D6@= Q ;! ()DECL&&6@=] ? &?= ;!D &?D!D BL) )DE#= 5).6-2,6,5)>-T./-6R35)<53.58.*3>5.<5;<5.D).RD)>-. () N6DE! BL) =? F)=) BL) N)C D?;!<)=E) &?= L= <)(6? )DA)&7/&?] D6=? N)C ! (@=() =?D ;;)N!] &?<? DL46)C) )CC6(! i); ()&?=DECL&FN6D<? EC!E!%! () N)C () BL+ )DE#= 5)&5!D ;!D &?D!Dj` ! )D&L;ELC! AL)() D)C !;4? BL) D) Q)C4L) i )6()44)Cj] A)C? 6C?D;!O !;:! !AL=E@ BL) ;! 56DE?C6! () ;! )D&L;ELC! )D ;! 0,;>-3,*.<5.8-;.6*>53,*85;T.9R58*3.*.D)*.,<5*.<5.8-. -C!4<)=E!C6? )D 5!%;!C E!<%6+= () ;? BL) 5! ()f D!A!C)&6(? Q] )= )DE) D)=F(?] ); !CE) D) 5! NL);E? )PEC!>? i (?C=?j` ; -C!4<)=E? )= C);!&6@= &?= c =&;)=BL)Dd` =()/=6&6@= )=EC) )D&L;ELC!] (6%L9? ?] A?D6%;)<)=E)] L=! 6C?=7! BL) F)=) BL) N)C &?= ;! -C!46;6(!( () L=?D &6<6)=E?D BL) D?DF)=)= !;4? 2?E!=(? )= <)(6?] &!D6 )= DLDA)=D6@=` ; /=!;] ;! 85+>D3*. <5. 8-. ?3*(65)>*3,-. )-;. +-)<D+5. *. D)*. 35f 2)P6?= D?%C) BL+ D?DF)=) ? )DE# D?DE)=6)=(? ); !CE)` )-)C)=&6! ! ;! )D&C6ELC! ? ! L=! )DA)&6) () A!;6<AD)DE? &?<? -C!4<)=E?] &?<? C)DE? BL) !&Lf <L;! &!A!D () E)PE?` ! ?%C! () !CE)] <#D !;;# () ;! +35*+,I). <5. D)*. 5;+D8>D3*. -. 8*. ,);>*8*+,I). <5. *8(-. D?%C) L= A)()DE!;] D6)<AC) !;L() !; -C!4<)=E? Q] A?C E!=E?] &?=DFELQ) L= -C!&!D? &?<? E?E!;6(!(] A?CBL) )D &?<? L= D7<%?;? i); D7<%?;? )C! L= ?%9)f E? BL) D) A!CG! Q D) ;) (!%! ! ?EC! A)CD?=! A!C! C)&?=?&)C L= &?<AC?<6D?j` ?C <L&5? BL) D) BL6)f C! &)CC!C] D6)<AC) )D AC)&6D? &?=E!C &?= ;? BL) =? !A!C)&)^ =? ()A)=() D?;? (); ?%9)E? ? () ;! !&&6@=] D6)<AC) )D -C!4<)=E!C6!` )BL6)C) L=! ;)&ELC! (); )DA)&E!(?C BL) =? )D /9!` ; AC)D)=E) &?<? L= A!C+=E)D6D` ; !CE) AL)() C)&LA)C!C ); A!D!(?] &C)!C ); -LELC?] A)C? =? 5!&)CD) )= ); AC)D)=E)` L=BL)


RD5<*.35+8*6*3.D)*.85+>D3*.<58.6-65)>-.*.>3*2F;. () ;! !&&6@=] 5!%C# BL) AC)4L=E!CD) BL+ DL&)() &?= ;! 6=!&&6@=] A?C )9)<A;?] () L&5!<A` ; !DL=E? )D N)C 5!DE! BL+ AL=E? ;!D &?D!D =? )DE#= E!= &;!C!D] E!= &?=&C)E!D] E!= ()/=6(!D` L!=(? L&5!<A !%!=(?=! c ; 4C!= N6(C6?d] BL) )D <LQ N)CF&!;] ()Df &L%C) ;! A6)R! EL<%!(!] &?=N)CF(! )= L= &C6!()C? () A?;N? BL) != !Q -?E?4C!0!` ; A?;N? &?<? C)DE?] &?<? -C!4<)=E?`

?D N7()?D c !N)d Q] D?%C) E?(?] c ?6=4 =?O5)C) -!DEd] &?=(L&)= ! L=! R?=! L= A?&? -!=E!D<!;` ; -!=E!D<! F)=) BL) N)C &?= L=? <6D<?] &?= ;! D)=D!&6@= () ;? 6=5@DA6E? i C)L(j` !D 4C6)E!D =? D) AL)()= C);;)=!C` D (60&6; BL) ); EC!L<!] ;! 5)C6(!] D) AL)(! &)CC!C &?<A;)E!<)=E)` ! AC)D)=&6!] ); )DE!C !57] &?<? L=! R?=! () ACL)%!D (?=() =? D) D!%) <LQ %6)= BL+ A!D!` ?&6@= () DLDA)=D)` = ); &!D? () c ?6=4 =?O5)C) -!DEd iC);!&6@= &?= )&:)I Q ;! =?&6@= () ;? !%DLC(?] =? A?C ;? BL) A!D!] D6=? A?C ;? BL) =? A!D!j] D) 6=EC?(L&) ;! !AC?f A6!&6@=] A!CF)=(? () ;! A);7&L;! c N)= (O!C-D DE!CE)( D<!;;d () )C=)C )CR?4` EC! -?C<! () *R3-:,6*3;5.*8.?3*(65)>-.<5;<5.58.*3>5T

)C=)C )CR?4_ c N)= O!C-D E!CE)( <!;;d iowunj !C&); L&5!<A_ c ) C!=( )CC)d ? c ! !C6+) <6D) " =L A!C D)D &+;6%!E!6C)D] <,<)d iowosfowpqj

!= !Q_ c ;)N!4) () A?LDD6*C)d iowpnj ?D (6%L9?D )= A!A); <6;6<)EC!(? E!<%6+= D?= !;4? <LQ (L&5!<A6!=?] &?<? ;?D EC)D A!EC?=)D 4)=)C!f (?D !; ()9!C &!)C L=?D 56;?D icq DE?AA!4)D +E!;?=dj` ); AC?Q)&E? c Q)&!=(Qd] BL) )D &?<? L=! <6C6;;!] 4L!C(! &6)CE! C);!&6@= &?= c E!=E (?==+Dd`

` ; -C!4<)=E? D) AL)() )=f >5)<53.<5.D)*.?-36*.6DU.*6R8,*T.=;.D).+-)+5R>-. BL) =?D D6CN) A!C! )DE!%;)&)C L= (6#;?4? Q A!C! JD;+*3.D)*;.358*+,-)5;T.=).8*.-J3*.<5.B,65)*.C*>-. 7D3*E*6,.R-;,J8565)>5.;5.5;>F.0*J8*)<-.61;.<5. );)<)=E?D BL) D?= A!CE) () L=! D)&L)=&6! ? () L= &?=9L=E?] ) 6=&;LD? () );)<)=E?D &?=DECL&FN?D] &?<? ;!D !CBL6E)&ELC!D AC)&!C6!D^ )= ); () 4=!&6? 5#N!CC6 D?= A)(!R?D () !;4? BL) &!) Q D) C?<A)^ U. 5). 58. <5. K5<3-. 7*(*80L5;. ;5. R-<3@*. 0*J8*3. <5. )=&L!(C)D ?] <#D %6)=] ()E!;;)D () L=! 6<!4)=` L6R# D)! =)&)D!C6? 5!%;!C () BL+ BL)C)<?D &?=DECL6C] &@<? )=E)=()<?D ); -C!4<)=E? Q BL+ A?()<?D 5!&)C &?= +;` ?D c =&;)=BL)Dd ? 6=DE!f ;!&6?=)D &?<? c ?=DECL&&6@=e =N!D6@=d ? c 5)C) 6D =? A;!&) ;6:) 5?<)d DL46)C)= L=! !CBL6E)&ELC! <LQ AC)&!C6!] &?<? ;! AC6<)C! &L%6)CE! LF;6R!(! A?C ); D)C 5L<!=? A!C! E!A!CD)] ? ;!D &5!%?;!D Q -!N);!D -!%C6&!(!D &?= ); <!E)C6!; BL) D) F)=) ! <!=?` EC! C)-)C)=&6! N6DL!; )D ); ?C64)= (); c !C!=4?;+d


() +;6? 6F&6&!_ (?D A!;?D &?= L=! &L%6)CE! %#D6&!] 6=&?CA?C!=(? L=! (6<)=D6@= E)<A?C!; icE?(? ;? BL) 5!4? )D <MD6&!d] ()&7! ); !CFDE! %C!D6;)>?j` AC?A@D6E? () ;! <MD6&! Q ;! 6<!4)= /9!] ;! D?&6)(!( +-)>56R-31)5*.+-);>3DU5.8-;.+-)+5R>-;.U.8*;.,<5*;. &?= 6<#4)=)D] A)C? <6)=EC!D )DE!D D?= <LQ C#A6(!D Q -#&6;)D () !AC)=()C] ;! <MD6&! D) &?=/4LC! ! EC!N+D () ;! &?<A?D6&6@= Q ;!D C);!&6?=)D` +;6? 6F&6&! EC!E!%! () )PE)=()C ;! ?%C!] DLD 6=E)CN)=&6?=)D Q DLD A)C-?C<!=&)D] &?<? L= AC?4C!<! )= AC?4C)D? (?=() &!(! A6)R! D) 4)=)C!%! ! A!CFC () ;? !=E)C6?C`

);!&6@= () c ;?%?d &?= L=! () ;!D c 6)R!D 6Df F=4L6(!Dd () ! 6%?E` ! !CFDE! &!) !; DL);? ;)=f >*65)>5. 6,5)>3*;. J5J5. D)*. J->588*. <5. *(D*. U. 58. ;7BL6(? ()D&6)=() A?C DL &L)CA?` EC! -?C<! () )=E)=()C ;! (!=R! ? ;! A)C-?C<!=&)] ? 6=&;LD? ;! 65H+8*.5)>35.*6J*;.<,;+,R8,)*;T.

)4?_ c )F&L;!C6!d iowtwj

<6;6! R&#C!E)_ c =FE;)(d ipnntj

+;6? 6F&6&!_ c !C!=4?;+d iowtrj

! 6%?E_ c 6)R!D 6DF=4L6(!D` =Sqp LCCLE!(!d ipnnnj

G*;.+-6R-;,+,-)5;.;-J35.R*R58.6,8,65>3*<-.*RD)f E!= 5!&6! ;?D (6%L9?D &?= !;!<%C) () )4?] BL) *<561;. ;5. 6D525). U. R3-<D+5). ;-6J3*;. ;-J35. 8*. A!C)(^ ? ! &6)CE!D ?%C!D () <6;6! R&#C!E)] BL) LFf ;6R! 5?CBL6;;!D () A);? )=D!<%;!(!D 4)=)C!=(? L=! )DA)&6) () &?CF=!D ? !&L<L;!&6?=)D () &!%);;?` ?C M;F<?] 6=&6(6C )= ;! &L)DF@= (); E)PE?] ); ;)=f 4L!9) Q ;! A?D6%6;6(!( () &?=E!C L=! 56DE?C6! &?= ;?D )DA!&6?D BL) =? )DE#= &L%6)CE?D` !A)E) %C!D6;)>?` =D!Q? c ; =!CC!(?Cd () !;E)C )=9!<6=] )= ); BL) N) ()D!A!C)&)C L= FA? () =!CC!&6@= BL) N! ! D)C DLDFEL6(! A?C ?EC? BL) !D6<6;! ! L=! -?C<! () A)=f D!<6)=E? Q () EC!%!9? BL) F)=) BL) N)C &?= ;! !CE)f D!=7!] &?= L= F)<A? ()(6&!(? ! &?=E!C Q ! )D&L&5!C


!; <6D<? F)<A?^ 6=&;LD? ;;)4! ! 5!&)C ); A!C!;);6Df <? )=EC) )D) FA? () =!CC!&6@= Q ); EC!%!9? () L= !;-!C)C? BL) N! ()9!=(? DL 5L);;! )= ;! A6)R! )= ;! BL) )DE# EC!%!9!=(?] &?<? ); =!CC!(?C D6)<AC) ()9! !;4? () D7 )= ;! =!CC!&6@=` ) ;;)4!C L=! -?C<! () =!CC!C -C!4<)=E!C6! i;! 6=-?C<!&6@= )= ()EC6<)=E? () ;! 56DE?C6!j] )= L= <?<)=E? )= BL) E?(? D) N! !&);)C!=(? Q ?%D)CN! BL) Q! =? )D A?D6%;) &?=E!C !;4? 5!DE! ); /=!;` ?D )9)<A;?D BL) AC?-L=(6R!= 5). 8*. 6*)53*. <5. +-);>3D,3. D)*. )*33*+,I). +-)>56f R-31)5*.D;*)<-.58.?3*(65)>-O f LD!= ?O)] A?)E! =?CE)!<)C6&!=! () ;! 4)=)f C!&6@= () ;?D c !=4L!4) ?)EDd BL) ()D!CC?;;! DL EC!%!9? !CGDF&? )= ;?D !>?D tnfun` LD ?%C!D D?= -C!4<)=E?D () E)PE?D] &?;;!4)D] C)&LA)C!(?D () (?&L<)=E?D () !C&56N? BL) &?<A?=) () L=! <!=)C! 4C#/&! Q A;#DF&! D?%C) ;! DLA)C/&6) () L= ;6)=R? ? () L= A!A);` C!E! () C))D&C6%6C ()E)C<6=!f (!D =!CC!&6?=)D BL) F)=)= BL) N)C D?%C) E?(? &?= ;! 56DE?C6! =?CE)!<)C6&!=!] EC!D;!(!=(? ); EC!%!9? () !C&56N? ! DL AC?A6? AC)D)=E) ic); A!D!(? )DE# AC)D)=E) )= ;? BL) 5!4?dj` ; AC?&)D? EC!E! AC)&6D!f <)=E) () C);;)=!C )D!D 4C6)E!D BL) 5!Q )= ;! 56DE?f C6!] )= ;!D BL) ;!D <L9)C)D =? !A!C)&)= ?] () !;4L=! <!=)C!] ;!D 5!= 5)&5? ()D!A!C)&)C` AC?A@D6E? () ;?D -!=E!D<!D] D?DF)=) BL) ;!D <L9)C)D 5!= )=f EC!(? )= ;! 56DE?C6! &?<? E!CE!<L()!=(? i); E!Cf >*6D<5-.R3-2-+*.8*.?3*(65)>*+,I).<5.D)*.R*8*J3*. )= D7;!%!D] &C)!=(? L=?D F)<A?D Q L=?D )DA!&6?D (?=() 5!%6E!= ;?D -!=E!D<!D BL) -!;E!= A!C! &?<f A;)E!C ); E)PE?j`

(? C)!;6(!( Q /&&6@=` ! D)=D!&6@= () &!7(! ;6%C) AC?N?&! BL) ;! A)CD?=! E)=4! ;! D)=D!&6@= () D)C L= ?%9)E?` ) AC)4L=E! D6 &?= ;?D ?%9)E?D ?&LCC6C# 8-.6,;6-T./-)5:,I).+-).58.>56*.<5.8*;.5:R8-;,-)5;. U.8*.+*>1;>3-?5T

6E? E)Q)C;_ c = C)) !;;d ipnonj ! C);!&6@= &?= ); AC)D)=E)] A?D6%;)<)=E) =? &?=f D6DE! )= C);;)=!C 4C6)E!D D6=?] ! ;? <)9?C] (6%L9!C () ?EC! <!=)C!] LF;6R!C ?EC? FA? () <!E)C6!;)D &?<? 0*+5. B,65)*. C*>-. 7D3*E*6,. -. 5;+3,J,3. 8*. 0,;>-3,*. )= -?C<! () /&&6@= &?<? LD!= ?O)` ? D) EC!E! () L=! ?A)C!&6@= () C)A!C!&6@=] D6=? () C)6N6=(6&!C D)*.?-36*.<,?535)>5.<5.)*33*3T ` L6R#D ); !CE) 5!%;) () ;? &?=EC!C6?] () D)>!;!C ;! 4C6)E!` = !A@=] &L!=(? L= 9!CC@= D) C?<A)] 5!Q L=! EC!(6&6@= () C);;)=!C;? +-).-3-.U.;DJ8,6*3.8*.(3,5>*T ` ! AC?AL)DE! () 6<)=! !E? Lf 3*E*6,.+-6-.5;5.6-65)>-.*)>5;T.9D3*.<5.?3*(,8,f (!(` ;4? )DE# ! AL=E? () C?<A)CD) ? )D <LQ BL)f %C!(6R?` F<?;@46&!<)=E)] -C!4<)=E? Q -C!46;6(!( F)=)= ;! <6D<! C!7R] BL) F)=) BL) N)C &?= !;4? BL) D) C?<A)` _ = ); E)!EC? 4C6)4? ;! A!;!%C! &!E#DEC?-) D) C)/)C) ! &L!=(? E?(!D ;!D ;7=)!D (C!<#F&!D] E?(?D ;?D N)&E?C)D] &?=N)C4)= )= D).RD)>-T

LD!= ?O)_ 56E=)Q 6)==6!; ipnorj f 6E? E)Q)C; C)!;6R! c = C)) !;;d )= pnon] (?=() R3-R-)5. D)*. 5;R5+,5. <5. 65>1?-3*. R*3*. R5);*3. 8*. )DBL6R?-C)=6! !&EL!; Q ;! 56A)CN);?&6(!(] <)R&;!=f

` );!&6@= &?= ;! A)C-?C<!=&) &?<? AC)D)=E!&6@= i=? C)fAC)D)=E!&6@=j` ! )D&L;ELC!] ); )DE!C !57 (); <!E)C6!;] !&!%! 6=&?CA?C!=(? );)<)=f E?D BL) N6)=)= ! ()/=6C ;! AC#&F&! A)C-?C<!FN!_ ); )DA!&6?] ); F)<A?] ); &L)CA? ? ;! AC)D)=&6! BL)] () !;4M= <?(?] !A!C)&) Q ()D!A!C)&)`


A&"B%!!)"#%'*0%/A"&(,%'C2X**D**A%+&"*/(.(,E^%'********************************************************************************************************************************** 2XG2HG1234 A68<8I<;J*A<:76*/9K9>L_<;O*+98@<>*'@>N6*<*)PP9*A7@<I6U

A<:76*/9K9>L_<;J 6&)=&6!(? )= =4)=6)C7! )&#=6&!] N6N) Q EC!%!9! )= A?CE?` L EC!%!9? C)&6)=E) D) &)=EC! )= (6-)C)=E)D !DA)&E?D () ;! iDL%j&L;ELC! A?AL;!C Q !&FN6(!()D c!<!E)LCDd &?<? ); *4/,/2] !D7 &?<? )= ;! &?=DECL&&6@= () =!CC!FN!D BL) )PA;?C!= ;! =?&6@= () <)<?C6!` =EC) DLD )PA?D6&6?=)D C)&6)=E)D ()DE!&!= c ;LN6!] !A?C Q );?&6(!(d )= DA!R? 6C!<)<6C! () !=F!4? () ?<A?DE);!] c 5) ?O 6() ;)!DLC)d )= ;! !;)C6! L=? )=E)=? () A?CE?] c bD ?CC)DA?=()=&)d )= );<! )C6!=6 !;;)CQ () ?=(C)D Q c &?<)'? (? 6<d )= L4!(! ! q !=(!D () !(C6(` 5IA_eeA)(C?f<!4!;5!)D`%;?4DA?E`&?<`)D +98@<>*'@>N6J ?&E?C )= );;!D CE)D A?C ;! =6N)CD6(!( ?<A;LE)=D) )= pnoo] 5! N6N6(? )= !(C6(] )C;7=] 6Pf)=f C?N)=&)] +P6&? ] 6;%!?] L%! Q EC)&5E 4C!&6!D ! (6DF=E!D %)&!D () C)D6()=&6! ) 6=N)DF4!&6@=` = pnns Q pnop 4!=@ ); AC6<)C AC)<6? )= )=)C!&6?=)D () !9! !(C6(` ! )PAL)DE? 6=(6N6(L!;<)=E) )= ); )=EC? L;ELC!; () DA!>! )= +P6&? ] !;)C7! !CE! )CN)C!] !;)C7! 6&5); )9LE?] DA!&6? %6D!;] DA!&6? ; LEC@= Q )=EC? () CE) ?N)= () !(C6(` ! C)!;6R!(? AC?Q)&E?D () &LC!(LC7! &?<? c %9)&ED 6= 6CC?C !C) ;?D)C E5!= 5)Q AA)!Cd ? c MA;)Pd` ) 6=E)C)D! ?%D)CN!C ;!D 6<A;6&!&6?=)D A?;7F&!D () ;?D ?%9)E?D &?F(6!=?D Q A;!=E)!C =L)N?D LD?D A!C! ); !CE)] ;! !CBL6E)&ELC! Q ); (6D)>? )= &?=(6&6?=!=E)D )PEC)<?D] &L)DF?=!=(? ;?D &?=&)AE?D () LF;6(!(] &?=D)CN!&6@=] !LE?C7! ? =)&)D6(!(` 5IA_ee(!=6);D6;N?`O?C(AC)DD`&?< )PP9* A7@<I6J* C7F&! () !CE)] &?<6D!C6! 6=()A)=(6)=E) Q AC?-)D?C! () ;! D&L);! =6N)CD6E!C6! () ;! =6N)CD6(!( () 6C?=!` ! C)!;6R!(? N!C6?D AC?Q)&E?D () (?&L<)=E!&6@= ) 6=N)DF4!&6@= &?= (6N)CD!D 6=DFEL&6?=)D] &?<? ;! =6N)CD6(!( () 6C?=!] ); ? ); 4CLA? () 6=N)DF4!&6@= )LC?A)? LC?A)!= 6N) CE C&56N)` C7F&! () !CE) (); DLA;)<)=E? )4$*4&.F".<5.A.!D./24.&0,..U.5).8*;.352,;>*;. " &(.U.BGH("IT. 7,56J3-.<5.8*./1>5<3*.<5.93>5.U./D8>D3*./-)>56R-31)5*.<5.8*.S),253;,<*<.<5.4,3-)*.U.<5.8*.9;-+,*+,I). =E)C=!&6?=!; () C7F&?D () CE)` ! &?<6D!C6!(? )PA?D6&6?=)D &?<? c 6()? E?C6!Dd )= ); CFL< () 6E?C6! ? ); AC?Q)&E? c 6& ) L=&d] BL) 5! 6F=)C!(? A?C (6N)CD?D A!7D)D () <+C6&! Q LC?A!`


K3-U5+>-;.*)>53,-35;O. c !:) )<?6CD i C?56%6(? &!=E!Cjd_ PA?D6&6@= c ?<)'? (? 6<d ()=EC? () L4!(! ! q !=(!D )= ;! !;)C7! N! L6R () !(C6( )= pnop` =DE!;!&6@= () -?E?4C!0!D )= %;!=&? Q =)4C? C)!;6R!(!D &?= &#f 6*3*.+-6R*+>*.5.,6R35;*;.5).R*R58.<5.?->-+-R,*T. 6!C6? () 6<#4)=)D` )BL)>?D -C!4<)=E?D BL) !; /=!; &?=DECLQ)= ?EC! 56DE?C6! BL) =? )D -!;D!] A)C? D7 &?=DECL6(!` ; GEL;? !;L() ! L= DL%4+=)C? ;6E)f C!C6? () ;! &L;ELC! A?AL;!C %C6E#=6&! BL)] AC)&6D!f <)=E)] EC!E! () !LE?%6?4C!0!D &?=DECL6(!D Q] <Lf &5!D N)&)D] -!;D!D` ; DL%GEL;? c C?56%6(? &!=E!Cd A!CE) () L=! -?E?4C!0! () ;! D)C6)` c !:) )<?6CD i D@ BL)C <!6D L<! &!='$? () !<?Cjd_ <A?CE!=&6! () ;! 6=DE!;!&6@= )= ); )DA!f &6? )PA?D6FN?` ?=E!9) ! <?(? () C)46DEC? () L= <,*3,-T. ')>53F;. R-3. 35+*8+*3. 8*. <,?535)+,*. <58. >3*f %!9? () &!<A? )= ?A?D6&6@= ! ;! !&FN6(!( ()=EC? (); )DEL(6? Q ;? BL) D) N! ! <?DEC!C -L)C!` C!%!9? 5).*)*8I(,+-.+-).R58@+D8*.<5.*8>*.;5);,J,8,<*<.R*3*. 5!&)C N6D6%;) ); 4C!=?` ! )DA)C! () L= F)<A? ;!C4? !=E)D () C)N);!C ;?D &!CC)E)D Q N)C ;!D 6<#4)=)D i!;f C)()(?C () (?D !>?Dj] ()NL);N) L=! <)<?C6!] !; &?=EC!C6? BL) ); -?C<!E? (646E!;` F;6R!&6@= () ;! -?E?&?A6! A!C! =? (64=6/&!C <L&5? ;! -?E?4C!0!` ; DL%GEL;? () ;! )PA?D6&6@=] E?<!(? () L=! A);7&L;! <58.+,)5*;>*.R-3>D(DF;.K5<3-./-;>*T. c;LERfC6E%)C4f)L;)CfD!;&5?Od_ )C6) D?%C) ); A!Ff =!9) !CGDF&? Q ;! /4LC! (); !CFDE! 9?N)=` ; GEL;? 5;.D)*.+-6J,)*+,I).<5.)-6J35;.<5.;*8>-;T.')>53F;. R-3.58.<5R-3>5..1.*(4& BL) EC!=D&LCC) )= !<%6)=f E)D DL%LC%!=?D] -L=() ;? E+&=6&? Q ;? !CGDF&?] Q D) C);!&6?=! &?= ;! %!9! &L;ELC! iD)<)9!=R!D &?= ); *43 /,/2j` E)=&6@= !; '( .U.*.->3-;.R-365)-35;. -L)C! (); )DA)&E#&L;?] =? ! ;!D AC)D)=E!&6?=)D ? ;!D ACL)%!D () ;!D A!F=!(?C!D` 7()? 6=+(6E? () <#D () qn <6=LE?D () L=! A!F=!(?C! )=D!Q!=(? )= L= A!%);;@= N!&7?` );!&6@= &?= ); EC!%!9? )= ); )DEL(6? U.8*.5:R53,65)>*+,I)T. c 5) ?O 6() ;)!DLC)d_ C?Q)&E? (); *4/,/2] 6-;>3*<-. 5). 8*. 4*853,*. VD)-. /5)>5)-. <5. PR-3>-. )= pnoo Q )= ); f )=EC? A!C! ?D DDL=E?D (!

CE) ) CBL6E)&ELC! () L6<!C$)D )= pnop` ; GEL;? =L)N!<)=E) A!CE) () L=! -?E?4C!0!` <#4)=)D BL) <L)DEC!= N!C6?D !DA)&E?D () ;!D &?=&)=EC!f &6?=)D_ &?&5)D] &56&?D] ).&>."7(&"] !CBL6E)&ELC!] !<%6)=E)] )E&` !&?<A!>!(!D () AC?Q)&&6?=)D () (6!A?D6FN!D` =E)C+D A?C ;!D <#BL6=!D i-?C<!&6@= &?<? 6=4)=6)C? <)&#=6&?j` !C4! D6<%@;6&! () ;?D &?&5)D] BL) ?&L;E!= ;!D A;!&!D A?CBL) ); EL=)? )DE# AC?56%6(? )= ?CEL4!; icEL=6=4 =$? + &C6<)dj` ?D !/&6?=!(?D ! )DE! AC#&F&! ()D!CC?;;!= L=! !&f FN6(!( () 6=4)=6)C7! D6= E)=)C L=! -?C<!&6@= )Df A)&7/&!` );!&6@= &?= DL AC?A6! AC#&F&! !CGDF&!] 6=6&6!(! D6= 5!%)C )DEL(6!(? );;!D CE)D] A)C? 6*)>5),5)<-. D). +-)>*+>-. 5;>35+0-. +-). 58. *3>5. U. ;?D !4)=E)D !CGDF&?D` !C! L= )DA)&E!(?C !9)=? !; E)<!] )DE! &?<L=6(!( BL) A)CD?=!;6R! DLD &?&5)D C)DL;E! <LQ 5?<?4+=)!^ D6= )<%!C4?] DLD <6)<f %C?D %LD&!= D6)<AC) L=! 6()=F(!( AC?A6! Q ?C646f =!; i); &?&5) &?<? C)2)9? () DL A)CD?=!;6(!( ) 6=&;LD? );;?D <6D<?D D) EL=)!=j` );!&6@= &?= ); !CE) &?=E)<A?C#=)?] (?=() DL&)() !;4? A!C)&6(?` !=E? )= ); A!F=!9) !CGDF&? &?<? )= ); *4/,/2.0*U. D)*.,)>5)+,I).<5.+-);>3D,3.D)*.,6*(5)T c A)D!C () EL(? !6=(! D) -?(6!d_ ?;)&FN! )= A?Cf >-.<-)<5.R35;5)>*.R-3.R3,653*.25H.D)*.,);>*8*+,I). &?= N7()?D () <?E?C)D EC!%!9!=(? )= A;!=?D /9?D` ?(! ;! !&&6@= EC!=D&LCC) ()=EC? (); <!C&?` ; )Df A)&E!(?C BL)(!%! )=NL);E? A?C ;!D 6<#4)=)D Q ); D?=6(?] &?<? )= ); *4/,/2] (?=() E?(? )D )P&)D?` ; GEL;? AC?&)() (); E)PE? (); &?<6D!C6? 64L); N?= !-) +C)R] D?%C) ;! !&EL!;6(!( A?;7F&! <L=f (6!;] )LC?A)! Q A?CEL4L)D!] )= C);!&6@= ! ;! &C6D6D 5+-)I6,+*.U.<5.2*8-35;T. c ;%L< () -!<6;6!d_ ?=F=L!&6@= (); AC?Q)&E? () *4/,/2.R*3*.D)*.5:R-;,+,I).35*8,H*<*.5).PR-3>-.5). pnoq` )2)P6@= D?%C) ;! C);!&6@= A)CD?=!; &?= ;?D &?&5)D` MDBL)(! )= ); #;%L< -!<6;6!C () E?(!D ;!D 6<#4)=)D BL) <?DEC!C!= L= !LE?<@N6; BL) -?Cf <!D) A!CE) () DL N6(!] <)R&;!(!D &?= -?E?4C!0!D +-6R3*<*;. 5). 653+*<,88-;. U. <&((! 1.&I(*"T. /3D+5. <5. *3+0,2-;T. ')+-3R-3*+,I). <5. ,61(5)5;. <5. ->3-;. AC?Q)&E?D !CGDF&?D] E?<!(!D &?= ); <@N6; ? &?= DL AC6<)C! &#<!C! (646E!;] D6= ?EC? &C6E)C6? BL) ); () <?DEC!C L= &?&5)` ! 6=DE!;!&6@= &?<? L= EC!%!9? )= &LCD?] D?%C) E!%;)C? () ] &?<? !N!=&) () -Lf ELC?D AC?Q)&E?D LF;6R!=(? )D!D 6<#4)=)D`


c ;LN6!] !A?C Q );?&6(!(d_ PA?D6&6@= )= ); DA!R? 6C!<)<6C! () !=F!4? () ?<A?DE);! )= pnoq` 7EL;? )PEC!7(? (); E)PE? () L=? () ;?D &?<6D!f C6?D] BL) )<A6)R! &?= L=! C)-)C)=&6! ! ;! A6=ELC! () 6;;6!< LC=)C` ) =L)N?] EC!%!9? () !C&56N?`

?E?4C!0!D () &?&5)D )=&?=EC!(!D )= ;! &!D! -!f <6;6!C] D)A!C!(!D )= L=! &!9!] A!C! AC)D)=E!C ! ;! &?<A!>7! () D)4LC?D &L!=(? 5!%7! ?&LCC6(? !;4M= *++,<5)>5T.K3-U5+>-.<5.65H+8*3.5;>*;.,61(5)5;.+-). ?EC!D -?E?4C!0!D () &?&5)D &?= !&&6()=E)D Q (6%L9?D >F+),+-;.;,6,8*35;.*.8-;.35*8,H*<-;.5).8*.D),253;,<*<T.

! )=EC!(! ! L= <L=(? BL) .!%&,#&,!)-.>5.R53>5)5+5. D) )DE!%;)&) ! A!CFC () L=! +F&! Q L=! A)C<!=)=E) %MDBL)(! () &?<A;6&6(!( &?= ;?D !&E?C)D` =E)C+D R-3.R->5)+,*3.D)*.358*+,I).61;.0D6*)*T.K3-U5+>-. () -?E?4C!/!C L=! %?(! )=EC) EL=)!(?C)D A!C! ALf %;6&!C )= L= ;6%C?f#;%L<] AC)&6D!<)=E) A?C ;! =)4!f FN! N!;?C!&6@= BL) )DE) FA? () -?E?4C!0! F)=) )= ); <L=(? (); !CE) i!()<#D] L=! () ;!D EC!(6&6?=)D () ;!D %?(!D )D EC!=D-?C<!C ); &?&5) () ;?D =?N6?Dj` = ); N7()?] ;! &!9! =)4C! &?=DECL6(! A!C! )D&?=()C ); -L) DLDFEL6(! A?C L=?D !;E!N?&)D C)&?46(?D )= L=! ?/&6=! )= ;! &!;;)] &?= ;?D &!%;)D ! ;! N6DE!` ? D) EC!E! () <!BL6;;!C !;4? A!C! )D&?=()C ;!D &?D!D` DL<6C BL) ;!D <#BL6=!D =? D?= L=! )D&L;ELC!` /-)5:,I). +-). 8*. 8DH. *HD8. <5. 8*. ,)>53?535)+,*. <5. '()*+,-./012*33,T

6;;6!< LC=)C_ c ;LN6!] N!A?C Q N);?&6(!(d iovrrj

C?Q)&&6?=)D )<A?C!;)Dgnq

C!4<)=E?D (); AC?Q)&E? (); *4/,/2` ! -?E?4C!0! &?<? ACL)%! () !;4? BL) ?&LCC6@` <A?CE!=&6! () 8*.+-);>3D++,I).<5.8*.,6*(5)T.=8.6*3+-.+-).8*.+,)>*. <)E#;6&! %C6;;!=E) C)DA?=() ! ;! =)&)D6(!( () !AC?f :,6*3.8*.RD5;>*.5).5;+5)*.*.8*.35*8,<*<.<58.*4/,/2. &?<? iDL%j&L;ELC!` ! ()&6D6@= () )=<!C&!C !D7 ;!D 6<#4)=)D =? -L) AC?4C!<!(!] D6=? ()&6(6(! (LC!=E) ); <?=E!9) )= ;! 4!;)C7!] &?=N)CF(! )= L= N)C(!()C? )DA!&6? () )PA)C6<)=E!&6@=` = AC?Q)&E?D !=E)C6?f C)D] ); LD? () ;! &6=E! )C! &?<? <?DEC!C )= ;! )Pf A?D6&6@= L= EC!%!9? )= AC?&)D?` = c !:) )<?6CDd 8*;.,61(5)5;.5;>*J*).,6R35;*;.5).R*R58.<5.?->-+-f A6!] &?<? !;LD6@= ! ;! D6EL!&6@= )&?=@<6&! () ;?D !CFDE!D 9@N)=)D )= F)<A?D () &C6D6D` =N)DF4!&6@= () ;! %!9! &L;ELC!] BL) A?D)) L= (6D&LCD? Q L=!D 6()!D D6<6;!C)D !; <L=(? (); !CE) Q ;! !;E! &L;ELC!] R53-. +-). ->3*;. R*8*J3*;T. ')>53F;. R-3. 58. RD)E. U. 8*. /;?D?0! ic ? E ?LCD);-dj] ()=EC? Q -L)C! (); *4/,/2] &?<? &?=EC!AL=E? ! ;! )P64)=&6! E+&=6&!`

K3-RD5;>*. <5. ,)>53?535)+,*. )-. 35*8,H*<*. R*3*. 8*. 5:R-;,+,I).<5.'()*+,-./012*33,T. ! 6=E)C-)C)=&6! /=!;<)=E) AC?(L&6(! A!C! ;! <L)Df >3*.<5.B,65)*.C*>-.7D3*E*6,.R*3>5.<58.+*31+>53.?31(,8. () DLD 6=DE!;!&6?=)D &?= <!E)C6!;)D () &?=DECL&&6@=] AC6=&6A!;<)=E) c =&;)=BL)Dd` ! 6<!4)= () L=?D &C6DE!;)D N6)9?D Q DL&6?D !&?DE!(?D )= ;! A!C)( (); )Df EL(6?] &C)!=(? L=! R?=! A);64C?D!] NL);N) ! AC)D)=f >*3;5.5).8*.5:R-;,+,I).*R-U*<*.5).58.;D58-.;-J35.D). A6;!C] !(BL6C6)=(? &6)CE! (6<)=D6@= ?%9)EL!;`


` =E)C+D A?C ;64!C ); AC?Q)&E? !; E)f <! () ;! iDL%j&L;ELC! ) 6=EC?(L&6CD) )= )D?D DL%f 6D)<-;. ;,). <.I( iE?(? ;? &?=EC!C6?j` EC!N+D () ;! &);)%C!&6@=] Q! D)! )= ); AC?Q)&E? (); A!F=!9) !CGDF&? ? )= ;?D -)DFN!;)D Q )=&L)=EC?D () *4/,/2] 8-. RXJ8,+-. ;5. 0*+5. R3,2*<-. *. >3*2F;. <58. ?3*(65)f E?] =? )= ); D64=6/&!(?] D6=? )= ;! AC)D)=E!&6@=` ?L4 6E:)=] A?C )9)<A;?] )= ); AC?Q)&E? c ;))Af O!;:)CDd 5!&) E?(? ;? &?=EC!C6?` ; N7()? )D L= ' &?=F=L? () -C!4<)=E?D BL) ;;)N!= ;? <#D 7=f F<? i<?<)=E?D &?F(6!=?D] =!(! -)DFN?D] &?<? (?C<6C ? &)A6;;!CD) ;?D (6)=E)Dj !; )DA!&6? AM%;6&? iAC?Q)&&6@= )= ;?D )(6/&6?D () ;! L6=E! N)=6(! () L)N! ?C:j` )D&?=E)PEL!;6R! ;!D 6<#4)=)D Q ;)D ?E?C4! =L)N?D D64=6/&!(?D ! A!CFC () )DE?D &?CE)D () ;! &?F(6!=6(!( L%6&!(?D )= ?EC? )DA!f +,-T. =8. 2@<5-. ?*2-35+5. 8*. ?3*(65)>*+,I). *. >3*2F;. () ;! )(6&6@=] A)C? E!<%6+= ;! AC)D)=E!&6@= )= 2*3,*;.R*)>*88*;.-J8,(*.*.2538-.<5.?-36*.?3*(65)f E!(!` ?(! ?%C! () !CE) )D L= -C!4<)=E? &?= L= R->5)+,*8.R*3*.<*3.8*.2D58>*.*.>-<-T.N5.0*.0*J8*<-. E!<%6+= () L&5!<A] BL) =? -C!&&6?=@ ); ?%9)E?] D6=? ); D64=6/&!(?`

?L4 6E:)=_ c ;))AO!;:)CDd ipnnuj` 7()?

?L4 6E:)=_ c ;))AO!;:)CDd ipnnuj` =DE!;!&6@= )= ); LD)L< ?- ?()C= CE () L)N! ?C:

! !CFDE! 6D;!=()D! 69!f 66D! 5F;! D6)<AC) AC)f D)=E! DLD EC!%!9?D )= <L;FAC?Q)&&6?=)D BL) -L=f &6?=!= ! A!CFC (); -C!4<)=E?` !<%6+= EC!%!9! E)<!D <LQ &?F(6!=?D] 4)=)C!=(? D6EL!&6?=)D BL) R536,>*).,)>3-<D+,3)-;.5).8-;.R3-J856*;.+-6D)5;. () ;! !(?;)D&)=&6! &?<? )DE!(? &?=26&FN?`

69!f 66D! 5F;!_ c - t !D wd iowwsj ; E)<! (); ()&?C? Q (); <!BL6;;!9) &?= C)DA)&E? *8.*4/,/2] F)=) BL) N)C &?= ;! 6()=F(!(] &?= L=! )DA)&6) () <)<?C6! &?;)&FN!` !=E? C;!= &?<? !(Q !4!] N?;N6)=(? ! ;! iDL%j&L;ELC! Q D!;N!=(? ;!D (6-)C)=&6!D )=EC) !<%!D] D) EL=)!= ! D7 <6D<!D` ? ()&?C!FN? AL)() )DE!C N!&7? () D64=6/&!(?^ D6= )<%!C4?] !L();!6C) !; 5!%;!C () c ; A6=E?C () ;! N6(! <?()C=!d] 56R? L= );?46? (); <!BL6;;!9) Q ;! <?(!` !;E)C )=9!<6=] BL) ()(6&! L= )Df EL(6? ! !L();!6C)] NL);N) ! C)2)P6?=!C D?%C) ); ?3*(65)>-T.

ND` !(Q !4!


; -?E@4C!-? () <?(! LQ ?LC(6=] &?= &LQ? EC!%!f 9? D) 6=!L4LC@ ); )L () !L<) () !C7D] 6=&?CA?C! () =L)N? ); E)<! (); -C!4<)=E?] () ;! <?(!] (); <!BL6;;!9) Q () ;! &L;ELC! A?AL;!C`

!CF= !CC_ c 5) !DE )D?CE` )O C645E?=d iowvsj LQ ?LC(6=_ 5!C;)D ?LC(!= !(N)CFD)<)=E iowuvj ! &L)DF@= (); <!C&?` ; !CE) ()=EC? (); !CE)` 6&C?f 56DE?C6!D` )D() BL) ); &!=E? () L=! A6)(C! D6CN6)C! () LE)=D6;6? A!C! )<A)R!C ! -C!4<)=E!C] ); D)C 5Lf <!=? =? 5! 5)&5? ?EC! &?D! BL) (6N6(6C Q 4)=)C!C -C?=E)C!D ()=EC? () L=! &!D!] () L=! 5!%6E!&6@=] () L= )DA!&6?` 6= )<%!C4?] ;! <)E?(?;?47! LF;6R!(! )= ;! 56DE?C6! )D E?(? ;? &?=EC!C6?] AC#&F&!<)=E) 5!DE! ); D64;? i(); E?(? ! ;! A!CE)j` ; 56DE?C6!(?C 6E!;6!=? 6?N!==6 )N6 iD?%C6=? () C6<? )N6j] A!(C) (); &?=&)AE? <6&C?56DE?C6!D] AC?A?=) !%?C(!C ); ()E!;;) ! ;? 4C!=()] EC!%!9!C ! A!CFC () A)BL)>!D 56DE?C6!D D6= BL)C)C !%!C&!C;? E?(?` !;E)C )=9!<6= !AL=E@ !D6<6D<? BL) ;? A)BL)>? )D 4C!=() Q ;? 4C!=() )D A)BL)>?] Q ;? BL) BL)(! )= <)(6?] )D ;? BL) A!D! )= ;! 56DE?C6!] BL) ;;)4! ! )PA;6&!C ! EC!N+D () &?=f &)AE?D &?<? ;! !;)4?C7! Q ); <?=E!9)] AC)D)=E)D )= 58.R3-U5+>-.<58.*4/,/2T.G*.656-3,*.R53;-)*8.+-6-. C)&L)C(? ) 56DE?C6! ! A!CFC () ()DE);;?D` ` !Q <L&5!D -?C<!D () ()/=6C )D! R?=! &LEC)] 7=F<! Q AC6N!(!] C)2)9!(! )= )DE) AC?Q)&E?` ! AL)CE! EC!D)C! () !BL);;? BL) )= AC6=f &6A6? )D %C6;;!=E) Q %?=6E?] &?<? &L!=(?] 5!%;!=(? () ;? DLA)C/&6!; Q ;? 6=E)C=?] !;4L6)= D) ()D<!f BL6;;!` &)C&!<6)=E? ! )D! A!CE) () !EC#D )= ;! BL) E?(? ;? BL) %C6;;! !; /=!; )DE# )= ); DL);?] DL&6?] C?E?` ? &LEC) ? ;? 6=!()&L!(? &?<? N!;?C)D !CGDf F&?D` !&)C &?D!D BL) L=? =? )DA)C!] BL) =? D) 5!= N6DE? !=E)D` 9)C&6E!C ;! ;6%)CE!(` );!&6@= &?= ;! -?E?4C!0! () !CF= !CC] E!=E? A?C ); LD? (); ' . &?<? A?C ); FA? () )D&)=!D &?=4);!(!D`

6)=EC!D ); EC!%!9? () 6<)=! !E? LC!:!<6 D) &)=EC! )= ); <?<)=E? !=E)D () BL) DL&)(! !;4? Q ); () 4=!&6? 5#N!CC6 &?=4);! () AC?=E? ); 6=Df E!=E) () ;! )PA;?D6@=] )(C? !4!;5$)D <L)DEC! ); 6=E)CN!;? )= BL) ); N!D? Q! 5! &!7(? Q ); 56);? )DE# )= ); DL);?] ); &?&5) D) !&&6()=E@] ); &C6DE!; D) C?<A6@] ;! /)DE! D) !&!%@` ?E?4C!0!D () ;! )Df &)=! (); &C6<)= i6<#4)=)D =?&ELC=!D &?= ' j` ) !%C) L=! C);!&6@= )=EC) ); A!D!(?] ); AC)D)=E) Q ); -LELC?` ?C ?EC? ;!(?] )P6DE) L=! C);!&6@= &?= ;! &!C! (); -LELC6D<?` C)=E) ! ;! -!D&6=!&6@= () ;?D -LELC6DE!D A?C ;! %);;)R! (); <?E?C Q () ;! <#BL6=!] !BL7 D) !=!;6R! BL+ A!D! ()DAL+D (); %C6;;? (); "7#> () ;?D &?&5)D] ;? BL) ?&LCC) ()EC#D] !BL);;? BL) =!(6) BL6)C) )=D)>!C] )D! C)!;6(!( () ;? AC#&f F&? Q ;? -L=&6?=!;` _ ! &L)DF@= () ;!D <#BL6=!D )DE!%! AC)D)=E) )= ;! ?%C! 6&!%6! ? Lf &5!<A` AC?A@D6E? () ;! C);!&6@= )=EC) !;E! Q %!9! &L;ELC!] C)E?<!C ;! !/C<!&6@= () !C6=)J Q AC)f (D)>*3)-;.;,.58.3D(,3.<5.D).*D>-6I2,8.5;.61;.J588-. BL) ;! 6&E?C6! () !<?EC!&6!` ` ! A);7&L;! c ?;Q ?E?CDd () +?D !C!P F)=) BL) N)C] =? &?= ); EL=)!(?] A)C? D7 &?= ;! C);!&6@= )=EC) ;! &?=(6&6@= 0D6*)*.U.8-;.6->-35;T ` !D A);7&L;!D () )(C? ?DE! &?=DFELQ)= L= )9)<A;? () (64=6/&!C ;? &LEC)` L )DE+F&! &?=D6DE) )= ;;)N!C ! ;! A?)D7! ;!D )D&)=!D 61;.-;+D3*;.<5.8*.2,<*T


?E!_ DE! AL%;6&!&6@= &?=F)=) L= C)DL<)= () ;!D ?C=!(!D () ?=&;LD6?=)D (); AC?Q)&E? c C?Q)&&6?=)D )<A?C!;)Dd () =E)C-)C)=&6!D pnor] BL) D) &);)%C!C?= )= ;! !;)C7! L%;) () !=E!=()C (LC!=E) ;?D (7!D p Q q () <!Q? () pnor %!9? ); )A74C!-) c ?=N)CD!&6?=)D ()D() ); -C!4<)=E?d` #D 6=-?C<!&6@=_ 6=-?k4!;)C6!=L%;)`&?< =<,+,I)O.4*853@*.VDJ85 <AC)D6@=_ +=)D6D] ` ` ` `_ fptnfpnor



Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.