Vous êtes sur la page 1sur 108

!

"#$%&'$()
*%+)(,-"#."/")'0
1)'2(#3%'$()
425-& 6&2(''&/789&+&/
:&).&-7%&2&;&
!" 425 <323 :&=$/7
#" >+7)'&?@=&+'$
$" A'/&?)$B"#&)&
%" C3.&-&?@=&D&)&?)$89=&
&" E7.7)3.7?@=&+'$?25'5
'" F(G$%0 (H :"#$'&'$() H(2 *2(30$). I2"/&?@=&+'$
(" F=" J=&2&%'"2$0'$%0 (H &) K)&--(L"# !"B('""
)" M$N"# O(B$). !"B('$()&- P"2B$%"
*" F=" K-'$/&'" 1)0'23%'$()0
*GG")#$N Q)"
*GG")#$N F,(
*GG")#$N F=2""

!"# $%%&'()* %+ ,%-.&/ 0#-%1.%&


!"#$% &%"'((%)% *+,% -.+/0"% 1%.+2%3%
5')%6 ("%6,$7(8"%(7'6,9 :'"*;<'";:'"* )8%676=,9 >6=$7,. ("%6,$%(7'6,
%6* ?0"@'"(, '< !"#$% A72B%6+(.% C%/"%B%"(# -.+/0"%
D*%@(8* %6* ?0E$7,.8* E3 F2B%"% *+,%
G86=%$7 H"%6,$%('"I G.0)7@%(7 *+,%
J%6,/"7( H"%6,$%('"I A76'*8;G7.%"7 *+,%
>*7(8* E3 K827*%)%6% *+,%
?"''<"8%* E3 G"%L% G7.%"7 *+,% %6* 1%.+2%/(# *+,#
M8,7=6 %6* N%3'0( E3 F2B%"% *+,%

0#2.3(1.%&

H.7, E''/ 7, *8*7O%(8* (' P7, M7B768 Q"%O8 DRCR G.%/(7B8*+6(% JB+)#
?"%E.0@+*% :.' E"'0=.( (.8 ("08 $7=.( '< !"#$% &%"'((%)% *+,% -.+/0"%
%6* %$$ (.8 *8%" *8B'(88, '< N'"* C%7(%63% 1%.+@"%E.0 (' (.8 :.'$8
:'"$* :.7O. 7, *88@$3 7))8",8* 76 (.8 *%"/68,, '< 7=6'"%6O8

435&%67#2/#8#&1*

S :'0$* $7/8 (' (.%6/ ,8B8"%$ @8",'6%$7(78, :.' :8"8 76,("0)86(%$ 76


E"76=76= %E'0( (.8 ,0OO8,<0$ @0E$7O%(7'6 '< (.7, E''/R S <7",( (.%6/ )3
*8%")',( 27/T%;=0"0*8B%9 !"#$% Q'0" Q'B76*% JB+)# 1%.+"%L%9 :.' $8<(
(.7, :'"$* :.7$8 *7,O0,,76= (.8 76(7)%(8 $'B76= @%,(7)8, '< 5+*.+;KUTV%
76 1%3%@0"% '6 W8E"0%"3 X(. YXXZR Q"8%(8,( (.%6/, =' (' P7, M7B768
Q"%O8 DRCR G.%/(7B8*%6(% JB+)# ?"%E.0@+*%9 :.' 7, (.8 8(8"6%$ 27/T%;
=0"0 '< %$$ SJKC[& *8B'(88,R
H.%6/, (' G.\)7@%(7 ?"%E.0 <'" .7, ("%6,$%(7'6 '< (.8 G86=%$7 (8](, '<
!"7$% &%"'((%)% *+,% -.+/0"%9 %6* (' A76'*8;G7.%"7 *+,% G"%.)+O+"7
<'" .7, ("%6,$%(7'6 '< (.8 J%6,/"7( O'))86(%"3 '< !"#$% A72B%6+(.%
C%/"%B%"(7 -.+/0"%R S :'0$* $7/8 (' (.%6/ Q'@7@%"%V%*.%6% ?"%E.0 <'"

4
.7, 8<<'"( 76 ("%6,$%(76= ,')8 '< (.8 J%6,/"(7 "8<8"86O8,R H.%6/, ('
K827*%)%6% ?"%E.0 <'" .7, 8]@8"( 8*7(76= '< (.7, E''/R S (.%6/ G"%L%;
E7.%"7 ?"%E.0 %6* )'(.8" 1%.+2%/(# <'" @"''<"8%*76=R
S (.%6/ )%63 *8B'(88, :.' 87(.8" *7"8O($3 '" 76*7"8O($3 .8$@8* 76 (.8
@"'*0O(7'6 '< (.7, E''/ 8,@8O7%$$3 )3 :7<8 J%6*.3% *%,79 <'" .8" .8$@ 76
,')8 '< (.8 G86=%$7 %6* J%6,/"7( *7%O"7(7O,R

9&1'%2:31.%&

!"# $"%&' ()'*+,-.'/0",*1 7, @8".%@, (.8 )',( 7)@'"(%6( '< %$$ '< !"#$%
&%"'((%)% *+,% -.+/0"%_, :'"/ *0"76= .7, )%67<8,( @%,(7)8, '6 8%"(. %
$7(($8 'B8" <'0" .06*"8* 38%", %='R !"#$% &%"'((%)% *+,% -.+/0"% :"'(8
)%63 ,'6=, (.%( :8"8 <0$$ '< 76,("0O(7'6,R H.8 )',( @'@0$%" %)'6= .7,
:'"/,9 %"8 $"1"+)'/12 %6* !"# $"%&' ()'*+,-.'/0",*13
$"%&' ()'*+,-.'/0",*1 7, /6':6 %, 4"# "561/781-8#+1 %, 7( O'6(%76, (.8
8,,86O8 '< %$$ (.8 (8%O.76=, '< N'"* C%7(%63% 1%.+@"%E.0R $"%&'
()'*+,-.'/0",*1 $7(8"%"7$3 )8%6,9 (.8 "%3, '< (.8 )''6$7=.( '< $'B76=
*8B'(7'6%$ ,8"B7O8 (' N'"* KUTV%R H.8,8 "%3, '< (.8 )''6$7=.( '< 6"%&'-
9)'*+, %"8 ,' ,''(.76= (.%( (.83 O''$ *':6 (.8 8<<8O(, '< (.8 E0"676= <7"8
'< )%(8"7%$ 8]7,(86O89 %6* (.83 86%E$8 (.8 O'6*7(7'68* ,'0$ (' *"76/ (.8
68O(%" '< $'B76= *8B'(7'6%$ ,8"B7O8 '< !"# !"# 5+*.+;KUTV%R
H.8 @8",'6%$7(3 %6* )7,,7'6 '< N'"* C%7(%63% 1%.+@"%E.0 :%,
,0))%"7`8* E3 !"#$% JB%"\@% M+)'*%"% Q',B+)# 76 (.8 <'$$':76= ,$'/%I
'/'"6,+'-.'"#: .,"1+ *'"7;'<1='+#";'> *'?'7
@'&'"6'<,+7& 7//'+ABB='?'-"'@1: @='-9)'*+,-4",<'&
)'",> 67"'C'-@7/0'"'-0<7+,-*'0'&9'-@'/0#6,+'>
@'01 )D0'<'-*'/0'"% @6)7"'+7 ='> 4'.#-/'/0'/'>
a1%3 (.%( N'"*9 :.' 7, /6':6 %, (.8 ,'6 '< !"#)%(# !%O#*8B#9 E8
("%6,O86*86(%$$3 ,7(0%(8* 76 (.8 7668")',( O.%)E8", '< 3'0" .8%"(R
58,@$86*86( :7(. (.8 "%*7%6O8 '< )'$(86 ='$*9 P8 .%, %@@8%"8* 76 (.8
%=8 '< K%$7 E3 P7, O%0,8$8,, )8"O3 (' E8,(': :.%( 6' '(.8" 76O%"6%(7'6
.%, 8B8" '<<8"8* E8<'"89 (.8 )',( ,0E$7)8 %6* "%*7%6( ,@7"7(0%$

^
/6':$8*=8 '< (.8 )8$$': (%,(8 '< P7, ,8"B7O8Rc dCOR e*7 YRbf
H.7, 7//'+ABB='?'-"'@'9 '" (.8 O'6*86,8* 8$8B%(8* )8$$':, '< *8B'(7'6%$
,8"B7O8 7, (.8 "8%$ .%6/8"76= '< (.8 <'$$':8", '< !"#$% 5\@% Q',B+)#9 :.'
%"8 /6':6 %, "561/781@3 g.%( )%/8, (.8 <'$$':8", '< !"#$% 5\@%
Q',B+)# ,' 067h08i !"#)%(# 5+*.+"+V# .%, 06$7)7(8* @'*)#@ .8%*8* E3
N%$7(+ *8B# %6* A72+/.+ *8B#R H.8,8 @'*),@ %"8 76 (.8 ,%)8 %=8 ="'0@ %,
!"#)%(# 5+*.+"+V#R H.0, (.83 ,')8(7)8, .%B8 *7"8O( *8%$76=, :7(. N'"*
KUTV%R H.8 @'*)#@ <%O7$7(%(8 (.8 @%,(7)8, '< 5+*.+ %6* KUTV%9 %6*
,')8(7)8, !"#)%(# 5+*.+"+V# %""%6=8, (.%( P8" <"786*, .%B8 *7"8O(
067'6 :7(. KUTV%R P':8B8" (.8 *7"8O( )%7*,8"B%6(, '< !"#)%(#
5+*.+"+V# %"8 (.8 &'EB'"#@F &'EB'"# )8%6, aE0*9 3'06=9 '" B8"3 (86*8"cR
H.8 &'EB'"#@ %"8 3'06= %6* 766'O86( =7"$,R H.87" %=8, 6'( )'"8 (.%6
(.%( '< % (.7"(886 38%", '$*R H.83 %"8 (.8 8]O$0,7B8 )%7*,8"B%6(, '<
!"#)%(# 5+*.+"+V#R H.8 067h08 @',7(7'6 '< (.8 &'EB'"#@ 7, (.%( (.83 %"8
%$$':8* (' :7(68,, (.8 76(7)%(8 $'B76= @%,(7)8, '< 5+*.+ %6* KUTV% 76
(.8 7668" O.%)E8", '< (.8 ="'B8, '< AU6*+B%6%9 %6* "86*8" @8",'6%$
,8"B7O8 (.8"89 (' :.7O. (.8 @'*)#@ .%B8 6' %OO8,,R H.0, (.83 "8$7,. (.8
06@%"%$$8$ E$7,, '< 9)'*+,-"'@'3 [68 '< (.8 @"76O7@%$ &'EB'"#@ 7, !"# 5\@%
1%jL%"79 :.' 76O%"6%(8* %, !"#$% 5\@% Q',B+)# 76 8'7"'-?#?1R !"#$%
&%"'((%)% *+,% -.+/0"% O')@',8* % B8"3 E8%0(7<0$ ,'6= 76 @"%7,8 '< (.8
*0,( '< (.8 $'(0, <88( '< !"# 5\@% 1%jL%"#R H.7, ,'6= 7, 76 (.8 6"1"+)'/1
%, <'$$':,k 4"# "56' &'EB'"# 610' @%, &A"% @'&6'0' @%, &A"' 9)'B'/'
67B'/'3 G561/781 9)'B'/' )8%6, <'$$':76= (.8 <''(,(8@, '< !"#$% 5\@%
Q',B+)# E3 )8*7(%(76= (' E8O')8 % )%7*,8"B%6( '< !"#)%(# 5+*.+"+V#9
(.8 86O.%6(8" '< !"# KUTV%R l0,( %, !"# KUTV% O%@(7B%(8, %$$ (.8 $7B76=
86(7(78, E3 P7, 868"=3 %6* %(("%O(7B8 h0%$7(78,9 ,7)7$%"$3 !"#)%(#
5+*.+"+V# O%@(7B%(8, N'"* KUTV% E3 P8" $'B8 %6* O.%")76= h0%$7(78,R
H.8 ='%$ '< % *8B'(88 '< N'"* C%7(%63%9 <'$$':76= 76 (.8 <''(,(8@, '<
!"#$% 5\@% Q',B+)#9 7, (' E8O')8 % )%7*,8"B%6( '< !"#)%(# 5+*.+"+V#R
!"#)%(# 5+*.+"%V#_, $'B8 <'" KUTV% 7, ,' 76(86,8 (.%( KUTV% 7, )%**868*
E3 7( %6* ,' %OO8@(, (.8 <'") '< N'"* C%7(%63% 1%.+@"%E.0 76 '"*8" ('
06*8",(%6* %6* "8$7,. (.8 $'B8 '< P7),8$<R
g.7$8 "8$7,.76= $'B8 '< KUTV%9 !"# C%7(%63% 1%.+@"%E.0 "8B8%$8* (' (.8
:'"$* (.8 8,,86O8 '< *DH;'-9)'*+7R P8 =%B8 (' (.8 :'"$* :.%( :%, 68B8"
=7B86 E8<'"8m$'B8 '< KUTV%9 %, @"%O(7O8* E3 (.8 76.%E7(%6(, '<
AU6*+B%6%R N'"* C%7(%63% 1%.+@"%E.0 76,("0O(8* (.8 ,7] Q',B+)#,

b
.8%*8* E3 !"# 5\@% %6* !"# J%6+(%6% (' :"7(8 B'$0)8, '< *8B'(7'6%$
,O"7@(0"8, %E'0( (.8 6%(0"8 '< (.7, $'B8 '< KUTV%R
H.8 Q',B+)#, O%""78* '0( (.8 76,("0O(7'6, '< N'"* C%7(%63%
1%.+@"%E.0 E3 :"7(76= B'$0)8, '< *8B'(7'6%$ ,O"7@(0"8, ,0O. %,I !"#
(D)'0-9)18'='+1&D+'2 ()'*+,-"'@1&D+'-@,/0)72 IBB='??'-/#?'&';#2 J'",-
9)'*+,-=,?1@'2 K'?,+'-&10)'='2 L,0'80)'-&'0)'='2 M'C-@'/0'"9)'@2 %6*
'(.8",R !"#$% KUTV%*+,% K%B7"+L% Q',B+)# (.86 (''/ (.8 8,,86O8 <"')
(.8,8 :"7(76=,9 %6* @"8,86(8* 7( (' (.8 :'"$* 76 (.8 <'") '< !"# N',+'/<'-
.'",+1&D+'3
!"#$% &%"'((%)% *+,% -.+/0"% 1%.+2%3% :%, % *7,O7@$8 '< N'/%6+(.%
Q',B+)#9 % @"76O7@%$ <'$$':8", '< N'"* C%7(%63%R N'"* C%7(%63%
1%.+@"%E.0 '"*8"8* N'/%6+(.% Q',B+)# (' =' (' AU6*+B%6% %6*
8]O%B%(8 $',( @$%O8, '< KUTV%_, @%,(7)8,R P8 <'"8('$* (.8 %@@8%"%6O8 '<
&%"'((%)% *+,% (' N'/%6+(.% Q',B+)#9 ,%376=9 .8 :'0$* .%B8 % *7,O7@$8
:.' :7$$ )%67<8,( % 067h08 ,(3$8 '< *#"+'/' (.%( :7$$ O%@(7B%(8 %$$ .0)%6
E876=,R
!"#$% &%"'((%)% *+,% -.+/0"% ,(0*78* %$'6= :7(. !"#67B+,% eO+"3% %6*
!3+)+6%6*% ?"%E.0 06*8" !"#$% l#B% Q',B+)#R H.8"8%<(8"9 (.8 <%)'0,
("7' :8"8 '"*8"8* (' E"'%*O%,( (.8 :"7(76=, '< (.8 Q',B+)#, 76 G86=%$R
G876= %6 8)@':8"8* eO+"3% :.' (8%O.8, %OO'"*76= (' (7)89 @$%O8 %6*
O7"O0),(%6O89 !"#$% &%"'((%)% *+,% -.+/0"% O')@',8* $"%&' ()'*+,-
.'/0",*1 76 % ,7)@$8 ,(3$8 '< G86=%$7 $%6=0%=8R H.'0=. (.8 "86*7(7'6, '<
!"# C%7(%63%_, (8%O.76=, %"8 ,7)@$89 (.8 @0"@'"( 7, *88@R H.8 (8%O.76=, '<
N'"* C%7(%63% .%, (.0, E886 =7B86 76 =7,( 76 (.8 <'") '< !"# $"%&'
()'*+,-.'/0",*13 H.8 Q',B+)#_, E''/, (.%( :8"8 *7<<7O0$( (' 06*8",%(6*
E3 (.8 O'))'6 )%,,8, :8"8 (.0, )%*8 8%,7$3 06*8",(%6*%E$8 E3 (.8
(8%O.76=, '< !"#$% &%"'((%)% *+,% -.+/0"% 76 .7, E''/m!"# $"%&'
()'*+,-.'/0",*1R
H.8 '6$3 E''/ !"#$% Q%0"% K72'"% *+,% G+E+L# O%""78* :7(. .7) :%, !"#
$"%&' ()'*+,-.'/0",*1R !"#$% G.%/(7,7**.+6(% J%"%,B%(# -.+/0"%
76,("0O(8* %$$ .7, *7,O7@$8, (' *%7$3 "8%* !"# $"%&' ()'*+,-.'/0",*1R g.86
%,/8* %E'0( .': (' *8B8$'@ $'B8 '< Q'*.8%*9 !"#$% Q%0"% K72'"% *+,%
G+E+L# 76,("0O(8*9 aQ' (' (.8 )%"/8( @$%O8 :7(. <7B8 '//'@ %6* @0"O.%,8
(:' E''/,m$"1"+)'/1 %6* !"# $"%&' ()'*+,-.'/0",*19 E3 !"#$%
&%"'((%)% *+,% -.+/0"%R 58%* (.8) *%7$39 %6* 3'0 :7$$ *8B8$'@ $'B8 '<
KUTV%Rc

n
H.7, @"8,86( >6=$7,. 8*7(7'6 '< !"# $"%&' ()'*+,-.'/0",*1 7, @8".%@, (.8
)',( O')@$8(8 ,' <%"R H.8"8 %"8 ,')8 '(.8" ("%6,$%(7'6,9 E0( (.83 .%B8
6'( E886 %, O')@"8.86,7B8 %, (.7, 8*7(7'6R S6 (.7, 8*7(7'69 7( 7, '0"
<'"(068 (.%( :8 76O$0*8 % ,.'"( O'))86(%"3 E3 !"#$% A72B%6+(.%
C%/"%B%"(# -.+/0"%R H.8"8 %"8 % <8: O'))86(%"78, '6 !"# $"%&' ()'*+,-
.'/0",*19 E0( (.8 )',( %0(.'"7(%(7B8 %"8 (.',8 O')@',8* E3 !"#$% 5+*.+
1'.%6 *+,%9 % ="%6*,'6 '< !"#$% !"#67B%,% eO+"3%9 %6* E3 !"#$%
A72B%6+(.% C%/"%B%"(# -.+/0"%R
D, % @0E$7,.8" '< (.7, E''/9 !"# $"%&' ()'*+,-.'/0",*19 S %) ,7)@$3 %
E8==%" '< (.8 )8"O3 '< !"#$% &%"'((%)% *+,% -.+/0"%R S .'@8 (.%( (.7,
@"8,86(%(7'6 (' (.8 >6=$7,. ,@8%/76= :'"$* :7$$ 86.%6O8 %6* 6'0"7,. (.8
"8%*8"_, @"'="8,, 76 (.8 *8B8$'@)86( '< $'B8 '< KUTV%R
F2B%"% *+,%
C')@$8(8* Q%0"% ?0"V7)% YXXX
AU6*+B%6% *.+)%9 S6*7%R

;'<7( =('%11(8>?@(5(8

;'<7( =('%11(8( A'(B"%'(?@"(5(8


>7=.( ?"%38", (' !"#$% &%"'((%)% *+,% -.+/0"%
E3
!"#$% A72B%6+(.% C%/"%B%"(# -.+/0"%

!CD! E

4"# *DH;' /1&1&D+' ='"H, ='*+"'


.'/0"' 6"'9)1 0)='@+' +'&A 9)'"1<'
8'7"1O8' 0%=' '/7.'"1<'
+'@&', /'&A /'&'> 4"#?' /'"A++'&'<'
4"# *DH;'m'< N'"* KUTV%k /1&1&D+'m(.8 68O(%" '< (.8 .'$3 6%)8k

Z
='"H,m,.':8"76=k B'*+"'m:.',8 )'0(.k .'/0"' 6"'9)1mL0,( $7/8 )''6
"%3,k 0)='@+'m*8,("'376=k +'&A 9)'"1<'m%$$ 7=6'"%6O8k 8'7"1O8'
0%='m'< N'"* Q%0"+p=%9 '/7.'"1<'m("08 <'$$':8"k /'&A /'&'>mS
'<<8" )3 'E87,%6O8, %=%76 %6* %=%76k 2"#?' /'"A++'&'<'m06(' !"#$%
&%"'((%)%R

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G H# .* .&2##2 ( 1':# +%77%6#' %+ ,%'2 I(:'>J/( 0#-(G K'%8 ".*
7%1:* 8%:1"L *"%6#'* 1"# &#31(' %+ ;'< MN?O(P* &(8# 6".3" #8(&(1#* 1"#
6%&2#'+:7 #++:7/#&3# 1"(1 2#*1'%)* (77 ./&%'(&3#G

!CD! Q

@'O*#"+'/1/'/0' B'&/'0' )1@<'


0'/+' 0<7+, 0<A+,+' 0,8-&7*)1<'
=%014"70)1"1 @/'6,+1<'
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'
@'O*#"+'/'-1/'/0'm(.8 E$7,, '< O.%6(76= (.8 .'$3 6%)8 '< N'"* KUTV%k
B'mE'"6 '< 1%6*%k )'@<'m,$7=.( ,)7$8k 0'/+' 0<7+,m,.7676= (88(.k
0<A+,+'m7$$0)76%(8k 0,8m%$$ *7"8O(7'6,k &7*)'<'m:.',8 <%O8k =%0'm
,:8%(k '4"7 0)'"'m('""86(, '< (8%",k @/'6,+1<'m:.' 7, E%(.8* 76k
+'@&',m76(' .7)k /'&A /'&'>mS '<<8" )3 'E87,%6O8, %=%76 %6* %=%76k
4"#?' /'"A++'&1<'m06(' !"#$% &%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G H# *8.7#* *7./"17) B#.&/ (B*%'B#2 .& 1"# B7.** %+ 3"(&1.&/ 1"#
"%7) &(8#*G H.* 1##1" .77:8.&(1# (77 2.'#31.%&*G R:''#&1* %+ #3*1(1.3 1#('*
3%&*1(&17) B(1"# ".* +(3#G

!CD! S

&D0'O8' /18' 4"5+,&1+"'


.'/.'+ 6'01 <7B1 &'/0'&'/A)'"1<'
@'0<'> @'&70<'+ 67?'*1<'
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'

o
&D0'O8' /10'm,'06* '< &D0'/8'F 4"5+, &1+"'mL0,( E3 .8%"76=k
.'/.'+mE8=76 *%6O76=k 6'01-<7B1m:.',8 <88(k &'/0' &'/A)'"1<'m
:.' =7B8, @$8%,0"8 %6* O%@(0"8, '68_, )76*k @'0<'>m7))8*7%(8$3k
@'&70<'+-67?'*1<'m.%7" ,(%6*76= '6 86*k +'@&',m06(' .7)k /'&A
/'&'>mS '<<8" )3 'E87,%6O8, %=%76 %6* %=%76k 4"#?' /'"A++'&1<'m06('
!"#$% &%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G T:*1 B) "#('.&/ 1"# *%:&2* %+ 8N2(&/(L ".* +##1 B#/.& 2(&3.&/G
!".* 3(U1:'#* %&#P* 8.&2L /.-.&/ *:3" U7#(*:'# 1"(1 %&#P* "(.' *1(&2* %&
#&2G

!CD! V

8'/0)'"=' 8'"9A*H'6';' @='?1@<'-


=,@&16,+14%H' *D+, ="'B1
@='@DC'61/' 6"'+),+)1<'
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'
8'/0)'"='m'< Q%6*.%"B%,k 8'"='m@"7*8k *H'6'/'P*8,("'38*k
@='?1@<'m:.',8 *%6O76=k =,@&16,+'mE"'0=.( (' %)%`8)86(k '4%H' *D+,
="'B1m(.8 %,,8)E$3 '< $8%"68* )0,7O7%6, %6* *%6O8",k @=' @DHC' 6'/'
6"'+),+1<'m:.' .%, 767(7%(8* &'/A)'"' @'), ,(3$8 '< ,76=76= %6* @$%376=
)U*%p=%k +'@&',r 06(' .7)k /'&A /'&'>mS '<<8" )3 'E87,%6O8, %=%76
%6* %=%76k 4"#?' /'"A++'&1<'m06(' !"#$% &%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G H.* 2(&3.&/ .* *% B#(:1.+:7 1"(1 .1 3%&W:#'* 1"# U'.2# %+ 1"#
I(&2"('-(* (&2 (8(X#* 1"# (**#8B7) %+ (77 #YU#'1 2(&3#'* (&2 *.&/#'*G
;'<7( =('%11(8( 2>*( F">5:'( "(* 1":* .&.1.(1#2 ".* %6& *1)7# %+ *.&/.&/
(&2 U7().&/ 1"# 8N2(J/( 3(77#2 8(&%"('( *(".G

!CD! Z

1/'/0' &7"..)1 ='/,61+'-9)1+'-


0)7?#9)'"1?'/*'"' =,8"')1<'

q
<'0 0'"4'/': 9)18<' 9)'"%;'
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'
1/'/0'm8)8"=8* 76 E$7,,k &7"..)1mE876= 06O'6,O7'0,k '='/,61+'m
<%$$76= '6 (.8 ="'06*k 9)1+'m:.',8 E'*3 ,.768,k 0)7?#m*0,(k 9)'"'
1?'/*'"'m:8%"76= %, *8O'"%(7'6k =,8"')1<'m:.',8 <'")k <'0
0'"4'/'&m(' ,88 :.')k 9)18<' 9)'"%;'m'68 O%6 '6$3 *08 (' =''*
<'"(068k +'@&',m06(' .7)k /'&A /'&'>mS '<<8" )3 'E87,%6O8, %=%76
%6* %=%76k 4"#?' /'"A++'&1<'m06(' !"#$% &%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G [%8#1.8#*L .& #3*1(*) "# +(77* :&3%&*3.%:* 1% 1"# /'%:&2G !":*
".* #++:7/#&1 B%2) 6#('* 1"# 2:*1 (* ( 2#3%'(1.%&G \&7) B) 1"# /'#(1#*1
+%'1:&# 8() %&# %B1(.& 1".* 2.-.&# *./"1G

!CD! ]

@+)'?% @+)'?% <'@<' *D6'-6"'619),>


*DH;' '/<' +DH;1 B'/' @':)'+#/1&
/,"&7?,+1 %=' 9)'='/+, +'@&',
/'&A /'&'> 4"#?' /'"A++'&1<'
@+)'?% @+)'?%m:.8"8B8"k <'@<' *D6' 6"'619),>m(.8"8_, % <$': '< .7,
)8"O3k *DH;' '/<' +DH;1m%63 (.7",( '(.8" (.%6 (.7",( <'" KUTV%k B'/'
@':)'+#/'&m'< %$$ (.8 %,,8)E$8* @8'@$8k /,"&7?,+1mO')@$8(8$3
0@"''(8*k %=' 9)'='/+,mO8"(%76$3 E8O')8k +'@&',m06(' .7)k /'&A
/'&'>mS '<<8" )3 'E87,%6O8, %=%76 %6* %=%76k 4"#?' /'"A++'&1<'P06('
!"#$% &%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G ^"#'#-#' ".* 8#'3) +7%6*L .1 6.77 3%8U7#1#7) :U'%%1 1"# 1".'*1
+%' (&)1".&/ %1"#' 1"(& MN?O(L .& (77 1"# U#%U7# (**#8B7#2 1"#'#G

!CD! _

<'0 9)'*+, /,HC)' 76'?'"%*),*' ,='


@6'"4'> 67/'> 46'"4'&';,=' <'@<'

X
6"1&1;<'& %=': 4"5+,='0 <'0 #<':
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'
<'0 9)'*+, /,HC)'m:.',8 <%7(. '" ,(8%*768,, '< *8B'(7'6k 76'?'"%*),*'
,='m7, %, ,("'6= %, % "'O/k @6'"4'>m('0O.k 67/'>m%=%76k @6'"4'&';,
,='mL0,( $7/8 % ('0O. '< % @.7$','@.8"_, ,('68 d(0"6, 8B8"3(.76= 76('
='$*fk <'@<'m:.',8k 6"1&1;<'&m(%$/9 d:'"*,9 8]@$%6%(7'6,fk %='m
O8"(%76$3k 4"5+,='0m7, %, =''* %, ,O"7@(0"8k <'0m:.',8k #<'&m(.7,k
+'@&',m06(' .7)k /'&A /'&'>mS '<<8" )3 'E87,%6O8, %=%76 %6* %=%76k
4"#?' /'"A++'&1<'m06(' !"#$% &%"'((%)%R

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G H.* +(.1" (&2 *1#(2.&#** %+ 2#-%1.%& .* (* *1'%&/ (* ( '%35G H.*
1%:3" 1'(&*+%'8* 7.5# 1"# U".7%*%U"#'P* *1%&#G H.* 6%'2* ('# (* /%%2 (*
1"# 6%'2* %+ 1"# *3'.U1:'#*G

!CD! `

&7"+' %=' 9)'*+, *,&'<': *,& %H'


=',"18<'-@1"' @+7&'/ /D-?A*%
@':9)1=<'+% <'> *D+,9),> @'0'-%='
+'@&', /'&A /'&'> 4"#?' /'"A++'&1<'
&7"+' %=' 9)'*+,m8)E'*7)86( '< *8B'(7'6k *,& '<1&m7, .8ik *,&
%H'm7, .8ik =',"18<' @1"'m8,,86O8 '< "8606O7%(7'6k &7"+,&'/m<'")k
/D-?A*%m76 (.7, :'"$*k @':9)1=<'+%m(.'0=.(k <'>m:.'k *D+,9),)mE3
(.8 @7'0, @8'@$8k @'0'-%='m%$:%3,k +'@&',m06(' .7)k /'&A /'&'>mS
'<<8" )3 'E87,%6O8, %=%76 %6* %=%76k 4"#?' /'"A++'&1<'m06(' -.+/0"%
&%"'((%)%

4/(.& (&2 (/(.& 9 %++#' 8) %B#.*(&3#* :&1% ;'<7( =('%11(8( 2>*(


F">5:'(G ^"#&#-#' U.%:* U#%U7# *## ".8 1"#) B#/.& 1% 1".&5a b9* "# (&
#8B%2.8#&1 %+ 2#-%1.%&L .* "# 1"# .&3('&(1.%& %+ '#&:&3.(1.%& .& 1".*
6%'72cd

!CD! e

Ys
4"# "10),*1 *DH;' =,?1@' @,/0)'7
/,&'BB'+'> 4"#?' /'"A++'&'@<'
6'C)%0 <' %=1HC'*'& %+'0 7..',>
'@'7 +'0#<1: 6'0'=,: 6"'<1+,
4"# "10),*1 *DH;'m'< !"# !"# 5+*.+ %6* KUTV%k =,?1@' @,/0)'7m76 (.8
'O8%6 '< @%,(7)8,k /,&'BB'+')m*"%:6 d%E,'"E8*fk 4"#?' /'"A++'&'@<'m
'< !"#$% &%"'((%)% *+,% -.+/0"%k 6'C)%+m,.'0$* "8%*k <'>m.8 :.'k
%='mO8"(%76$3k 'HC'*'& %+'0m(.7, %Tt%/%k 7..',>m%$'0*k '@'7m.8k
+'0#<1: 6'0'=,&m(' (.%( ,%)8 %E'*8 'E(%768* E3 !"#$% &%"'((%)%k
6"'<1+,m='8,

4 U#'*%& 6"% .* (B*%'B#2 .& 1"# %3#(& %+ 1"# U(*1.8#* %+ ;'< ;'< f>2">
(&2 MN?O( *"%:72 '#(2 1"#*# #./"1 U'()#'* (7%:2G 4&2 B) *% 2%.&/L "# 6.77
3#'1(.&7) '#(3" 1"# *(8# (B%2# %B1(.&#2 B) ;'<7( =('%11(8( ".8*#7+G

!CD! Eg

*1"7;<' 0DHC, 4'&,+1 4"#+' &'/<7*A+,


"'&<' '0)'"A0<'0'+, @7/0'"' 0'/+' *1/+,>
4"#&'/ /'"A++'&' &7*)': 97B' &'/0' )1@<': ?1@<':
+'/A +7 )D0, &% =,+'"'+ @='01@<'&
*1"7;<' 0DHC,mE3 .7, )8"O7<0$ =$%6O8k 4'&,+1 '4",+' &'/< *A+,m%63'68_,
'B8"<$':76= %6=8" :7$$ E8 @%O7<78*k "'&<' '0)'"' 70<'+ '+,@7/0'"'m.7,
$7)E, %"8 8]("8)8$3 E8%0(7<0$k 0'/+' *1/+,>m.7, (88(. ,.768k 4"#&'/
/'"A++'&' &7*)':97B'm(.8 $'(0,;$7/8 <%O8 '< !"#$% &%"'((%)%k
&'/0'm)1@<'&m.7, ,$7=.( ,)7$8k ?1@<'&m.7, *%6O76=k +'/A +7 )D0,m
$8( 7( E8 )%67<8,(8* 76 )3 .8%"(k &% =,+'"'+ @='01@<'&m$8( )8 'E(%76 .7,
@8",'6%$ ,8"B7O8

h) ;'<7( =('%11(8(P* 8#'3.+:7 /7(&3# #-#& *:3" W:(7.1.#* (* :&7.8.1#2


(&/#' 6.77 B# U(3.+.#2G ,#1 ".* B#(:1.+:7 7.8B*L 1"# *".&# %+ ".* 1##1"L ".*
7%1:*i7.5# +(3#L ".* *7./"1 *8.7# (&2 ".* 2(&3.&/ B# 8(&.+#*1#2 .& 8) "#('1G
$) '#W:#*1 .* 1"(1 "# B#*1%6* :U%& 8# ".* U#'*%&(7 *#'-.3#G

YY
$(&/(7>3('(O(

4:*U.3.%:* 9&-%3(1.%&

!CD! E

'BE1/'-+,&,"1/0)'@<'
BE1/1EB'/'-4'?1*'<1
.'*H7" 7/&#?,+': <%/'
+'@&', 4"#-87"'=% /'&'>
'BE1/'P'< 7=6'"%6O8k +,&,"1/0)'@<'m'< (.8 *%"/68,,k BE'/'P'<
/6':$8*=8k 'EB'/'-4'?1*'<1m:7(. (.8 ('"O.$7=.(k .'*H7"P838,k
7/&#?,+':P'@868*k <%/'mE3 :.')k +'@&',P(' .7)k 4"#-87"'=%P)3
,@7"7(0%$ )%,(8"k /'&'>PS '<<8" )3 "8,@8O(<0$ 'E87,%6O8,R

9 6(* B%'& .& 1"# 2('5#*1 '#/.%& %+ ./&%'(&3#L (&2 8) *U.'.1:(7 8(*1#'
%U#&#2 8) #)#* 6.1" 1"# 1%'3"7./"1 %+ 5&%67#2/#G 9 %++#' 8) '#*U#31+:7
%B#.*(&3#* :&1% ".8G

'0=',+' 6"'*'C#*D+A /'"')'", 6"%HC)'>


@='"56'6",<A /,+<1/'/0' @'*)'>
@'/1+'/' 8'+,> H"#"56')D+*%+'/'>
?'*H&# 6"1;'6'+," 8'010)'"' "'@A??1@#
B'8'//1+)'9)7> @'O8A61@+"' @'61"H'0'>
@'0'<'+1: 0%='> 4'.#/'/0'/'
b,%'2 R(.1(&)( "(* (2-#&1#2 H.8*#7+ .& '#*U%&*# 1% 1"# U'()#'+:7 (UU#(7*
%+ 42-(.1( j3>')(G H# .* -#') 2#(' 1% =('("('. (&2 [-('kU( 0>8%2('(G
H# .* 1"# +'.#&2 %+ ,%'2 =.1)>&(&2(L 1"# *"#71#' %+ [(&>1(&( I%*->8<L
(&2 H# '#*.2#* #1#'&(77) .& 1"# "#('1 %+ fkU( I%*->8<G H# .* 1"# ,%'2 %+
,(5?8< l,(5?8<U'.)(mL (&2 1"# 2#7./"1 %+ I(2>2"('(G H# .* ,%'2
T(/(&&>1"( H.8*#7+L (33%8U(&.#2 B) H.* #1#'&(7 (**%3.(1#* (&2 6#(U%&*G

Y4
H# .* 1"# ,%'2 %+ 1"# 2#-%1##* (&2 1"# *%& %+ $%1"#' ;(3<Gd
dS6B'O%(7'6 E3 !"#$% A72B%6+(.% C%/"%B%"(# -.+/0"%f
H.8 6%)8 '< (.7, E''/ 7, !"# $"%&' ()'*+,-.'/0",*1 %, 7( 7, $7/8 )''6"%3,
'6 (.8 @%(. '< $'B76= *8B'(7'6%$ ,8"B7O8R l0,( %, % O'6<0,8* ("%B8$$8" :.'
.%, $',( .7, :%3 76 % *86,8 <'"8,( <7$$8* :7(. <8"'O7'0, %67)%$, 7, O$8%"$3
*7"8O(8* (' .7, *8,(76%(7'6 E3 % h07O/$3 "7,76= )''69 ,7)7$%"$3 (.8 B%"7'0,
@0"8 @"'O8,,8, '< @10)'/1 )86(7'68* 76 (.7, E''/ %"8 $7/8 (.8 68O(%"8%6
"%3, '< (.8 )''6$7/8 *8B'(7'6%$ ,8"B7O8 (.%( O$8%"$3 *7"8O( % O'6*7(7'68*
,'0$9 :.' .%, <'"='((86 .7, "8%$ 7*86(7(3 %6* <%$$86 76(' (.7, )%(8"7%$
:'"$* <0$$ '< )06*%68 *8,7"8,9 (' %O.78B8 (.8 $'(0, <88( '< 5+*.+;
1+*.%B%R H.8 ("8%,0"8 '< (.8 $'B76= *8B'(7'6%$ ,8"B7O8 *7,("7E0(8* E3
(.8 )',( )8"O7<0$ 76O%"6%(7'6 '< (.8 J0@"8)8 ?8",'6%$7(3 '< Q'*.8%*
!"# Q%0"%,06*%"%9 .%, 68B8" E886 E8,(':8* E8<'"8k (' %O.78B8 (.7, 7( 7,
)',( 8,,86(7%$ (' (%/8 ,.8$(8" '< % E'6%<7*8 ,@7"7(0%$ )%,(8"R W'" (.7,
"8%,'69 %6* %$,' (' O')@$8(8 (.7, E''/ :7(.'0( %63 'E,(%O$89 !"#$%
&%"'((%)% *+,% -.+/0"% '<<8", .7, .0)E$8 'E87,%6O8, 06(' (.8 $'(0,
<88( '< .7, ,@7"7(0%$ )%,(8"R
g7(. 8]("%'"*76%"3 ="%(7(0*8 %6* .0)7$7(39 !"#$% &%"'((%)% *+,%
-.+/0"% 7, @"%376= $7/8 %6 '"*76%"3 O'6*7(7'68* ,'0$ (' .7, ,@7"7(0%$
)%,(8" ,%376=9 a S .%B8 <%$$86 76(' (.8 *%"/8,( 7=6'"%6O8Rc H.8 :'"*
'BE'/'-+,&,"' )8%6, *0@$7O7'0,R H.8 $7B76= 86(7(78, :.' %"8 %B8",8 (' (.8
J0@"8)8 N'"* <"') (7)8 7))8)'"7%$ .%B8 <'"='((86 (.87" O'6,(7(0(7'6%$
@',7(7'6 %, 8(8"6%$ ,8"B%6(, '< KUTV% %6* .%B8 <%$$86 06*8" (.8 O$0(O.8,
'< 1+3+R H.8 O'6*7(7'68* ,'0$, %"8 %E,'"E8* 76 (.8 E'*7$3 %O(7B7(78, E3
68,O786O8 %6* %"8 ,0<<8"76= 06$7)7(8* )%(8"7%$ )7,8"78,R H.8 )'"8 (.83
<'"=8( (.8 $'B76= ,8"B7O8 '< N'"* !"# KUTV% %6* 86*8%B'" <'" (.87" ':6
.%@@768,,9 (.8 )'"8 (.83 E8O')8 O'B8"8* E3 (.8 *%"/68,, '< 7=6'"%6O8R
D$$ 86*8%B'", <'" @8",'6%$ .%@@768,, :7(.'0( (.8 ,8"B7O8 '< (.8 J0@"8)8
N'"* <0"(.8" O'B8" (.8 8(8"6%$ O'6,(7(0(7'6%$ @',7(7'6 '< (.8 O'6*7(7'68*
,'0$, %6* %"8 (.8"8<'"8 /6':6 %, O.8%(76= "8$7=7'6,R H.8 *8,7"8 <'"
0)'"&' d"8$7=7'0, %O(7B7(78,f9 '"+)' d8O'6')7O *8B8$'@)86(f9 *1&'
d,86,8 ="%(7<7O%(7'6f9 %6* &A*H' d$7E8"%(7'6f9 %"8 %$$ )8%6( <'" '68_, ':6
.%@@768,, %6* .86O8 %"8 O.8%(76= "8$7=7'6,R S( 7, ,(%(8* 76 !"# N',+'/<'-
.'",+1&D+' Q0,-?#?1 YRXs9 X4 u Xbk
'BE1/'-+'&%"' /1&' *'),<% R*',+'='S

Y^
0)'"&'-'"+)'-*1&'-&A*H'-=1E.)1 10, @'9'
aH.8 *%"/68,, '< 7=6'"%6O8 7, O%$$8* *',+'='9 (.8 :%3 '< O.8%(76=9 :.7O.
E8=76, :7(. "8$7=7',7(39 8O'6')7O *8B8$'@)86(9 ,86,8 ="%(7<7O%(7'6 %6*
$7E8"%(7'6Rc
+1"' &'0)<% &A*H'-=1E.)1 *',+'='-6"'0)1/'
<1)1 )',+% *DH;'-9)'*+, )'<' '/+'"0)1/'
aH.8 <'"8)',( @"'O8,, '< O.8%(76= 7, (.8 *8,7"8 (' %O.78B8 $7E8"%(7'6 E3
)8"=76= 76(' (.8 J0@"8)89 <'" (.7, O%0,8, (.8 @8")%686( *7,%@@8%"%6O8
'< $'B76= ,8"B7O8 (' KUTV%Rc
*DH;'-9)'*+,"' 910)'*'-<'+' 479)1479)' *'"&'
@%)' %*' B#=%"' 'BE1/'-+'&A-0)'"&'
aD$$ /76*, '< %O(7B7(78,9 E'(. %0,@7O7'0, %6* 76%0,@7O7'0,9 (.%( %"8
*8("7)86(%$ (' (.8 *7,O.%"=8 '< ("%6,O86*86(%$ $'B76= ,8"B7O8 (' N'"* !"#
KUTV% %"8 %O(7'6, 76 (.8 *%"/68,, '< 7=6'"%6O8Rc
H.8 :'"* BE1/' 76 (.7, B8",8 76*7O%(8, /6':$8*=8 '< (.8 DE,'$0(8 H"0(.
N'"* KUTV%R 58=%"*76= !"# KUTV% E876= (.8 J0@"8)8 N'"*9 7( 7, ,(%(8* 76
("')&' T':),+1 nRY9
#4='"' 6'"'&': *DH;' @'.-.,0-1/'/0'-=,8"')'>
'/10," 10," 8A=,/0': @'"='-*1"';'-*1"';'&
aKUTV% :.' 7, /6':6 %, Q'B76*% 7, (.8 J0@"8)8 Q'*.8%*R P8 .%, %6
8(8"6%$9 E$7,,<0$9 ,@7"7(0%$ E'*3R P8 7, (.8 '"7=76 '< %$$R P8 .%, 6' '(.8"
'"7=769 %6* P8 7, (.8 @"7)8 O%0,8 '< %$$ O%0,8,Rc
P89 :.' 7, (.8 '"7=76 '< %$$ (.8 067B8",8,9 (.8 N'"* '< (.8 $'"*,9 :.' .%,
6' '(.8" '"7=769 :.' 7, /6':6 %, Q'B76*%9 (.8 )''6$7/8 ?8",'6%$7(3 '<
Q'*.8%* %,O8"(%768* E3 (.8 ,(0*3 '< (.8 L%0'@9 (.8 O%0,8 '< %$$ O%0,8,9
8(8"6%$$3 E$7,,<0$ %6* <0$$ '< /6':$8*=89 7, (.8 J0@"8)8 ?8",'6%$7(3 '<
Q'*.8%*9 !"# KUTV%R P8 7, *8,O"7E8* 76 (.8 !"#&'0 ()18'='+'& YR^R4qI
%+% .1:4'-*'?1> 67:@'> *DH;'@ +7 9)'8'=1/ @='<'&
,/0"1",-=<1*7?': ?A*': &DU'<'/+, <78% <78%
aD$$ '< (.8 %E'B8 )86(7'68* 76O%"6%(7'6, %"8 87(.8" @$86%"3 @'"(7'6, '"
@'"(7'6, '< (.8 @$86%"3 @'"(7'6, '< (.8 N'"*9 E0( N'"* !"# KUTV% 7, (.8

Yb
'"7=76%$ ?8",'6%$7(3 '< Q'*.8%*R D$$ '< (.8) %@@8%" '6 @$%68(,
:.868B8" (.8"8 7, % *7,(0"E%6O8 O"8%(8* E3 (.8 %(.87,(,R H.8 N'"*
76O%"6%(8, (' @"'(8O( (.8 (.87,(,Rc
S( 7, %$,' )86(7'68* 76 !"# N',+'/<'-.'",+1&D+' Q0,-?#?1 bRZo %, <'$$':,I
*DH;% 9)'8'='++1-BE1/'-@':=,+%"' @1"'
9"')&'-BE1/10,*' @'9' +1"' 6'",=1"'
aH.8 8,,86O8 '< (.8 @':=,+ @'(86O3 7, (.8 /6':$8*=8 (.%( (.8 J0@"8)8
?8",'6%$7(3 '< Q'*.8%* 7, N'"* KUTV%R D$$ '(.8" /76*, '< /6':$8*=89
,0O. %, (.8 /6':$8*=8 '< G"%.)%69 %"8 7(, O')@'686(,Rc
N'"* KUTV% 7, (.8 J0@"8)8 G"%.)%6R P8 7, (.8 J0@8",'0$ %6* (.8
@"76O7@%$ ,.8$(8" '< %$$ (.8 <'"), '< (.8 J0@"8)8 N'"*R H.8"8<'"8 !"#
KUTV% 7, (.8 '6$3 'EL8O( '< :'",.7@ %6* (.8 76*:8$$76= *7"8O('" '< %$$R
13 ,@7"7(0%$ )%,(8" .%, )8"O7<0$$3 76,("0O(8* )8 76 (.8 %E'B8 )86(7'68*
,0@"8)%O3 '< N'"* !"# KUTV% E3 (.8 ('0O. '< %6 '76()86(9 :.7O. .%,
*8,("'38* (.8 *7,8%,8* O'6*7(7'6 '< )3 838, 76 (.8 <'") '< 68,O786O8R P8
.%, 7)@%"(8* 06(' )8 (.8 ("%6,O86*86(%$ B7,7'6 (.%( !"# KUTV% 7, )3
N'"* %6* S %) P7, 8(8"6%$ ,8"B%6(R 13 '6$3 *0(3 7, (' ,8"B8 P7)R H.7,
("%6,O86*86(%$ /6':$8*=8 :%, %:%"*8* (' )8 E3 )3 )',( )8"O7<0$
,@7"7(0%$ )%,(8"R S '<<8" )3 "8,@8O(<0$ 'E87,%6O8, 06(' .7)R

!CD! Q

4"#-.',+'/<'-&'/A S9)#HC':
@+)16,+': <%/' 9)5-+'?%
@='<'& "56'> *'01 &')<':
0'01+, @='-6'01/+,*'&
4"#-.',+'/<'P'< N'"* C%7(%63%k &'/A-'9)#HC':P(.8 *8,7"8k
@+)16,+':m8,(%E$7,.8*k <%/'mE3 :.')k 9)5-+'?%P76 (.8 )%(8"7%$
:'"$*k @='<'&P@8",'6%$$3k "56'>P!"#$% 5\@% Q'2:+)#k *'01P:.86k
&')<'&P(' )8k 0'01+,P:7$$ =7B8k @='-6'01/+,*'&P,.8$(8" 06*8" P7,
$'(0,<88(

^"#& 6.77 ;'<7( fkU( I%*->8< A'(B":U>2(L 6"% "(* #*1(B7.*"#2 6.1".&
1".* 8(1#'.(7 6%'72 1"# 8.**.%& 1% +:7+.77 1"# 2#*.'# %+ ,%'2 R(.1(&)(L /.-#

Yn
8# *"#71#' :&2#' ".* 7%1:* +##1c
!"#$% 5\@% Q',B+)# .%, 8,(%E$7,.8* d/,"76,+'&f9 :7(.76 (.7, :'"$*9 (.8
"'@' 41@+"' '< (.8 *8B'(7'6%$ ,8"B7O8 (' (.8 N'"* l9)'8'='0-9)'*+,f :.7O.
:%, *8,7"8* E3 !"# C%7(%63% 1%.+@"%E.0R g.86 :7$$ (.%( !"# 5\@%
)8"O7<0$$3 =7B8 )8 /,B' .'"';' /,*'C'&m(.8 @"']7)7(3 '< .7, $'(0, <88(i
G3 .7, )8"O39 S %,@7"8 (' (.8 @',7(7'6 '< E876= .7, @8",'6%$ <'$$':8" d/,B'
'/7.'"'f 76 ("%6,O86*86(%$ *8B'(7'6%$ ,8"B7O8R

!CD! S

'*),?'-"'@1&D+'-&5"+,>
6"'@D&'"'-"7.,-"700)'-+1"'*'-61?,>
*'?,+'-4<1&1-?'?,+A
"10)1-6"%<1/ =,0)7" B'<'+,
'*),?'-"'@1&D+'-&5"+,>m(.8 "8,8"B'7" '< %$$ @$8%,0"8,k 6"'@D&'"'P
,@"8%*76= <'"(.k "7.,PE3 P7, E'*7$3 $0,(8"k "700)'P:.' .%, ,0EL0=%(8*k
+1"'*'P(.8 ='@# 6%)8* H%"%/+k 61?,>P(.8 ='@# 6%)8* ?+$#k *'?,+'P
:.' .%, %E,'"E8*k 4<1&1P(.8 ='@# 6%)8* !3+)%k ?'?,+AP%6* (.8 ='@#
6%)8* N%$7(+k "10)1-6"%<1/P*8%")',( (' !"#)%(# 5+*.+"+V#k =,0)7"P
KUTV%k B'<'+,P%$$ =$'"78, ('

$() ;'< MN?O(L 1"# [:U'#8# A#'*%&(7.1) %+ I%2"#(2L B# /7%'.+.#2n h)


-.'1:# %+ H.* #-#' #YU(&2.&/ (11'(31.-# +#(1:'#*L H# "(* *:Bo:/(1#2 1"#
/%U<* &(8#2 !>'(5> (&2 A>7< (&2 (B*%'B#2 1"# 8.&2* %+ ;)>8> (&2 ,(7.1>G
H# .* 1"# 2#('8%*1 7%-#' %+ ;'<8(1< f>2">'>O< (&2 1"# '#*#'-%.' %+
U7#(*:'# .& (77 2#-%1.%&(7 8#77%6*G
E3
H.* 0.-.&# I'(3#
4GRG h"(51.-#2>&1( [->8< A'(B":U>2(
V('.* +A WA0)%'02 LA?3 X2 $'"+ YZ2 [6",? Y\2 Y]^_`
N'"* !"# KUTV%m:.' 7, (.8 ?8",'6%$7(3 '< Q'*.8%* 76 P7, 8(8"6%$ <'")
7, =$'"7<78* E8O%0,8 P8 .%, 86*8%"8* P7),8$< E3 P7, %O(, '< E868B'$86O8
76 *7,,8)76%(76= (.8 *7<<8"86( /76*, '< "'@' '" `8,(,R G'@' 7,
@,3O.'$'=7O%$$3 *8,O"7E8* %, ,86,8 @8"O8@(7'6R G0( (.8 ,86,8 @8"O8@(7'6

YZ
:.7O. :8 8]@8"786O8 76 '0" )%(8"7%$ O'6O8@(7'6 '< $7<89 7, % @8"B8"(8*
"8<$8O(7'6 '< (.8 "8%$7(3R H.8 "8%$7(3 7, %@@"'%O.8* E3 % "8%$7`%(7'6 '< (.8
%$$;76O$0,7B8 @8",'6%$ <'") '< (.8 J0@"8)89 :.' 7, (.8 %$$;%(("%O(7B8 !"#
KUTV%R H.8 B8"3 6%)8 '< !"# KUTV% 7, ,0==8,(7B8 '< % O'6O8@(7'6 '<
O')@$8(8 %(("%O(7'6 E3 *76( '< :8%$(.9 ,("86=(.9 76<$086O89 E8%0(39
/6':$8*=8 %6* "8606O7%(7'6R H.8 O')@$8(8 8)E'*7)86( '< %$$ (.8,8
'@0$86O8, O')E768* ('=8(.8" 76 (.87" <0$$68,,9 7, 8].7E7(8* E3 (.8
)%67<8,(8* %O(7B7(78, '< (.8 N'"* :.86 P8 7,9 '0( '< P7, O%0,8$8,, )8"O39
:7(.76 '0" B78:9 %$(.'0=. (.8 J0@"8)8 ?8",'6 7, ("%6,O86*86(%$ (' (.8
,@8O0$%(7B8 %O(7'6, '< (.76/76=9 <88$76= %6* :7$$76= '< % $7B76= E876=R
H.8 8(8"6%$ O'6,'"( '< !"#)%(# 5+*.+"+V# 7, N'"* !"# KUTV%9 :.' 7,
@$86%"7$3 )%67<8,(8* %, (.8 ,@8%/8" '< (.8 ()'8'='0-8#+1R P8 .%, P7,
7660)8"%E$8 E8%), '< 8]@%6,7'6,9 %6* 8%O. %6* 8B8"3 '68 '< (.8) 7, %
O')@$8(8 =,0)7 '" (.8 '68 :.' B%6h07,.8, %$$ /76*, '< *7,("8,,8, '< (.8
*8B'(88R >B86 (.8 '@7"'@ '" (.8 %(.87,(, :.' %"8 (.8 868)78, '< (.8 N'"*
%"8 E868<7(8* E3 P7, O%0,8$8,, )8"O39 %$(.'0=. ,0@8"<7O7%$$3 (.83 %@@8%"
(' E8 ,$%76 E3 (.8 N'"*R [@7"'@ :.' %"8 /7$$8* E3 (.8 N'"* %$,' %((%76 ('
(.8 @$%(<'") '< &7*+, '" $7E8"%(7'6 :.7O. 7, (.8 *8,(76%(7'6 '< (.8
7)@8",'6%$7,( 8)@7"7O @.7$','@.8",R D, ,0O. P8 7, %$$ %(("%O(7B89 E'(. <'"
(.8 '@7"'@ '" 6'6;*8B'(88,9 )%(8"7%$7,(7O $7B76= E876= %6* (.8 @7"'@ '"
(.8 *8B'(88,R P8 7, =$'"7<78* 8B7*86($3 E3 @7"'@ %6* '@7"'@ %$7/8R [6 (.8
E%(($8<78$* '< K0"0/T8("% N'"* !"# KUTV% :%, =$'"7<78* 8B86 E3 (.8
'@@',7(8 O%)@ '< D"L06%9 :.86 G.7,)% %**"8,,8* N'"* !"# KUTV% (' E8
(.8 "8$%(7B8 '< D"L06%9 (.8 B7O('"7'0, :%""7'"R D6* (.',8 :.' *78* 76 (.8
E%(($8<78$* '< K0"0/T8("% %((%768* (.8 .7=.8,( ,(%=8 '< $7E8"%(7'6 ,7)@$3
E3 <7]76= (.87" 838, 0@'6 P7) :.7$8 *376= '6 (.8 <78$*R
G3 P7, <0$$68,, '< '@0$86O89 %6* '6 %OO'06( '< E876= (.8 [68 :7(.'0( %
,8O'6* O')@8(7('" %6* P7, E876= (.8 N'"* '< %$$ O"8%(0"8,9 P8 7,
:'",.7@8* 8B86 E3 (.8 ,0@"8)8 *7"8O('", '< (.8 O',)7O O"8%(7'6R P8 7,
%(("%O(7B8 8B86 E3 P7, @8",'6%$ *8O'"%(7B8 <8%(0"8,R N'"* !"# KUTV% 7,
'E,8"B8* (' E8 %$:%3, *8O'"%(8* :7(. )0$(7 '"6%)86(, '< %@( @',7(7'6R
P7, 8%""76=,9 P7, O"':69 P7, E%6=$8,9 P7, 68O/$%O89 %6* E8$( 8(OR9
E8*8O/8* :7(. )',( B%$0%E$8 L8:8$,9 P7, %(("%O(7B8 ,)7$76= <%O8 ,)8%"8*
:7(. (.8 @0$@ '< ,%6*%$:''* '6 (.8 <'"8.8%*9 %6* P7, 38$$':7,. ,7$/86
=%")86(, %$$ O')E768 ('=8(.8" (' )%/8 P7, <0$$ %(("%O(7B8 ?8",'6%$7(3R
H.8 :.'$8 ()18'='+' $7"1;' 7, @"%O(7O%$$3 % B7B7* *8,O"7@(7'6 '< P7,

Yo
<0$$68,, '< %(("%O(7'69 %6* 76 (.8 E8=76676= '< (.8 ,%)89 (.8 N'"* !"#
KUTV% 7, *7,O"7)76%(8* <"') %$$ '(.8" @$86%"3 )%67<8,(%(7'6, '"
76O%"6%(7'6, :7(. 8)@.%,7, '6 P7, E876= (.8 '"7=76%$ <'") '< Q'*.8%*
%6* (.8 ?8",'6%$7(3 '< Q'*.8%* %, P8 7,R D6* O'6,7*8"76= %$$ (.8,8
<8%(0"8, '< P7, @8",'6%$ %6* ("%6,O86*86(%$ h0%$7(78, %, *8,O"7E8* 76 %$$
(.8 A8*7O "8B8%$8* ,O"7@(0"8,9 N'"* !"# KUTV% 7, 06*'0E(8*$3 (.8 %$$;
%(("%O(7B8 8(8"6%$ <'") '< %$$ "'@'@R
S6 (.8 @"8,86( O'6(8]( '< P7, ("%6,O86*86(%$ <8%(0"8,9 P8 7, (.8
@"8*')76%(76= N'"* '< (.8 @"7)%"3 "'@'@ O%$$8* 41/+' d("%6,O86*86(%$
76%O(7'6f9 01@<' d("%6,O86*86(%$ ,8"B7('",.7@f9 @'*)<' d("%6,O86*86(%$
<"%(8"67(3f9 =1+@'?<' d("%6,O86*86(%$ @%"86(%$.''*fR S6 P7,
("%6,O86*86(%$ W'") 76 "8$%(7'6 :7(. (.8 *867`86, '< G"%L%E.\)79 P8 7,
(.8 8)E'*7)86( '< ,@7"7(0%$ E$7,,R H.%( ,@7"7(0%$ E$7,, 7, *8,O"7E8* 76 (.8
("')&' T7+"'@ %$,'R
W'" '(.8" "'@'@ :.7O. %"8 ,8O'6*%"3 %6* 76*7B7*0%$$3 O'668O(8* :7(.
P7)9 P8 7, B8"3 @"'@8"$3 *8,O"7E8* 76 (.8 ()18'='+'& 76 (.8 %"86% '<
K76= K%v,% '< 1%(.0"+R P8 7, *8,O"7E8* (.8"8 %, <'$$':,k &'&'??1/1&
'@'/, d%, % (.06*8"E'$( <'" (.8 :"8,($8",f9 /'"1;1: /'"'9'"' d<'" (.8
'"*76%"3 )%69 P8 7, (.8 )',( @8"<8O( <'") '< )%6f9 @+",/1& @&'"'
&5"+,/1& d<'" (.8 :')%6 P8 %@@8%"8* (' E8 @8",'67<78* C0@7* '" (.8
)',( *8,7"8* '< (.8 '@@',7(8 ,8]f9 8A6/'& @a'B'/' d<'" (.8 O':.8"*,)86
P8 %@@8%"8* (' E8 (.8 )',( E8$'B8* /76,)%6f9 '@'+1& *,+,9)7B1& @14+1
d<'" (.8 O0$@"7(;)76*8* "0$8",9 P8 %@@8%"8* (' E8 (.8 )',( "8*06*%6(
='B8"6'"f9 %6* @a'6,+"A 4,@7 d<'" (.8 @%"86(, P8 %@@8%"8* (' E8 % ,)%$$
O.7$*f9 &D+<7 9)AB'6'+% dP8 %@@8%"8* (' E8 *8%(. @8",'67<78* E8<'"8 (.8
K76= '< G.'L%9 K%v,%f =,"'+' '=,07@)'& dP8 7*86(7<78* P7),8$< :7(. (.8
%$$ @8"B%*76= 067B8",%$;,8$< <'" (.8 $8,, 76(8$$7=86( @8",'6,f9 +'++='&
6'"'& <A8,/1& dP8 %@@8%"8* (' (.8 )3,(7O, (' E8 (.8 DE,'$0(8 H"0(.f9
=DH;,/'& 6'"'0%=' d<'" (.8 A%7TV%B%, '" (' (.8 *8,O86*%6(, '< AUT67 P8
%@@8%"8* (' E8 (.8 .7=.8,( :'",.7@%E$8 M87(3fR D6* (.0, /6':6 (' (.8
"8,@8O(7B8 /6':8", %OO'"*76= (' (.87" "8,@8O(7B8 @':8" '< /6':76= P7)9
(.86 N'"* KUTV% 86(8"8* (.8 %"86% '< K76= K%v,% %OO')@%678* E3 P7,
8$*8" E"'(.8" !"# G%$%*8B%R
S6 (.8 "8B8%$8* ,O"7@(0"8, (.8 "'@'@ %"8 *8,O"7E8* (' E8 '< (:8$B8
*7<<8"86( ,8(,R H.83 %"8 %, <'$$':,I;

Yq
YR "A70"' d%6=8"f
4R '09)7+' d:'6*8"<0$f
^R 4D/81"' dO'6L0=%$f
bR )1@<' dO')7Of
nR =,"' dO.7B%$"'0,f
ZR 0'<1 d)8"O7<0$f
oR 01@<' d,8"B7('",.7@f
qR @'*)<' d<"%(8"67(3f
XR 9)'<1/'*' d=.%,($3f
YsR =,9)'+@' d,.'O/76=f
YYR 41/+' d680("%$f
Y4R =1+@'?<' d@%"86(%$f
!DO81"' %6* (.8 &10)7"<' "'@' %"8 '68 %6* (.8 ,%)8R H.8,8 (:8$B8 "'@'@
%"8 ,(%6*%"* "'@'@ %6* N'"* !"# KUTV% 7, 8B7*86($3 (.8 8)E'*7)86( '< %$$
(.8,8 "'@'@3 P8 7, 6'( '6$3 (.8 86L'38" '< (.8 &10)7"<' "'@' '" (.8
4D/81"'- "'@' :7(. !"#)%(# 5+*.+"+V# E0( P8 7, (.8 86L'38" '< (.8
=,='+@<'-"'@' :.86 P8 /7$$, '@7"'@ $7/8 K%v,% %6* l%"+,%6*.%R S6 (.8
O"8%(7'6 '< (.8 N'"*9 (.8"8 7, 6'(.76= )'"8 (.%6 (.8 %E'B8 )86(7'68*
,(%6*%"* (:8$B8 "'@'@ 76 (.8 )%((8" '< *8%$76=, :7(. '68 %6'(.8"R H.8
%O(7B7(78, '< (.8 $7B76= E876= %"8 %OO8$8"%(8* E3 '68 '< (.8 "'@'@ 87(.8" 76
7(, '"7=76%$ <'") '" 76 % @8"B8"(8* <'")R G0( %$$ (.8 "'@'@ %"8 8)%6%(7'6,
<"') (.8 H"%6,O86*86O8R H.8"8 7, 6' 8]7,(86O8 '< %63 ,'"( '<
"8O7@"'O%(7'6 '< "'@' 7< 7( 7, 6'( 8)%6%(8* <"') (.8 J0@"8)8R >B8"3(.76=
(.%( E89 .%, 7(, '"7=76%$ ,'0"O8 '< 8)%6%(7'6 <"') (.8 J0@"8)8 G876=
%6* (.%( 7, (.8 O'6<7")%(7'6 E3 (.8 <7",( @7+"' '< (.8 =%01/+' @7+"'@
VB'/&'0<'@<'<'+'>` %6* !"# KUTV% E876= (.8 '"7=76%$ <'") '< Q'*.8%*9 7,
O'6O$0,7B8$3 (.8 "8,8"B'7" W'06(%76 P8%* '< %$$ (.8 "'@'@ *8,O"7E8*
%E'B8R D6* %, ,0O. (.8 "'@' 76 "8$%(7'6 :7(. P7) E8O')8, %E,'$0(8 76
6%(0"8R H.8 N'"* E876= (.8 DE,'$0(8 H"0(.9 %63'68 '< (.8 %E'B8 "'@'@ 7,
%E,'$0(8 76 6%(0"8 76 "8$%(7'6 '< "8O7@"'O%(7'6 :7(. P7, ,8"B7O8R
H.8 N'"* E876= (.8 86L'38" '< %$$ (.8 "'@'@2 (.8 "8O7@"'O%('" 7, 87(.8"
*7"8O($3 '" 76*7"8O($3 % O'6,(7(0(7'6%$ ,8"B7('" '< (.8 N'"* 8]O.%6=76=
(.8 *7<<8"86( "'@'@R D6* (.8"8<'"8 (.8 *8B'(88, :.' ,8"B8 (.8 N'"*
*7"8O($3 76 (.8 @"7)%"3 "'@'@ '< 01@<'2 @'*)<'2 ='+@'?<' %6* &'0)7"<' %"8
,0@8" ,8"B7('", '" 8(8"6%$ ,8"B7('", (.%6 (.',8 :.' ,8"B8 P7) 76 (.8
,8O'6*%"3 "'@'@ '< "A70)"'2 '09)7+'2 )'@<' 8(OR :.7O. %"8 ,8B86 76 %$$R

YX
DO(0%$ @',7(7'6 '< (.8 $7B76= E876= 7, (' ,8"B8 (.8 N'"* %6* 6'(.76=
)'"8R H.8 $7B76= E876= O%66'( E8O')8 (.8 DE,'$0(8 1%,(8" %( %63 ,(%=8
'< .7, 8]7,(86O89 6%)8$3 )%(8"7%$$3 '" ,@7"7(0%$$3R 1%(8"7%$$3 .8 O%6
<%$,8$3 @',8 .7),8$< %, (.8 )%,(8"9 %6* E876= E%<<$8* 76 (.%( %((8)@( ,0O.
,8"B7('" *8,7"8, (' %667.7$%(8 .7, 8]7,(86O8 E3 E8O')76= '68 :7(. (.8
N'"*R H.7, *8,7"8 '< E8O')76= '68 :7(. (.8 N'"* 7, 6'( 8B86 :7(.76 (.8
L0"7,*7O(7'6 '< (.8 41/+' "'@' %6* (.8"8<'"8 8]O8@( (.8 <7B8 @"7)%"3 "'@'@
%$$ '(.8" "'@'@ %"8 8].7E7(8* '0(,7*8 (.8 ,@7"7(0%$ "8%$)R G0( P7, '6868,,
7, ("%6,O86*86(%$$3 "8%$7`8* 76 (.8 @"7)%"3 <7B8 "'@'@2 E8O%0,8 76 (.8
%E,'$0(8 "8%$) %$(.'0=. (.8"8 7, O'6,(%6( "8O7@"'O%(7'6 '< (.8 @"7)%"3
"'@'@ E8(:886 (.8 N'"* %6* P7, 8(8"6%$ "8O7@"'O%('", '" 8(8"6%$
,8"B7('",9 h0%$7(%(7B8$3 (.8"8 7, 6' *7<<8"86O8 E8(:886 (.8 N'"* %6* (.8
,8"B7('",R S6 (.8 %E,'$0(8 "8%$) (.8"8 7, 6' *7<<8"86O8 E8(:886
5+*.+"+V# %6* KUTV% '" E8(:886 w%2'*+ %6* KUTV% %6* ,' '6R H.8
"8O7@"'O%('", 76 (.8 %E,'$0(8 "8%$) %6* 76 (.8 "8$%(7B8 :'"$*9 %"8
8,,86(7%$$3 %6* h0%$7(%(7B8$3 '68 %6* (.8 ,%)8 E0( h0%6(7(%(7B8$3 (.8"8 7,
*7<<8"86O8 E8(:886 (.8)9 6%)8$3 (.8 N'"* %6* (.8 ,8"B7('",R H.8 N'"* 7,
(.8 7))86,8 ,'0"O8 '< ,0@@$3 '< %$$ (.8 "'@'@ :.7$8 (.8 $7B76= 86(7(78, %"8
"8O7@786(, '6$3 76 (.87" *7<<8"86( O%@%O7(78,R S6 '(.8" :'"*, (.8 N'"* 7,
(.8 g.'$89 :.7$8 P7, ,8"B7('", %"8 O'6,(7(0(7'6%$ @%"(, %6* @%"O8$, '6$3R
H.8 @%"(, %6* @%"O8$, .%B8 (.8"8<'"8 $7)7(8* @'(86O3 (' 86L'39 %6* %,
,0O. (.8 @%"(, %6* @%"O8$, '< (.8 N'"* O%66'( E8 %O(0%$$3 ,%7* %, 86L'38"
76 (.8 @"'@8" ,86,8 '< (.8 (8")R J0O. "8O7@"'O%('", '< (.8 "'@'@ %"8
(.8"8<'"8 @"'@8"$3 (8")8* %, (.8 86L'38* '" (.8 ,8"B7('" @%"(%/8" '< (.8
86L'3)86( 86L'38* E3 (.8 N'"*R D$(.'0=. (.8 "'@' '< "8O7@"'O%(7'6 7,
8h0%$$3 @%"(%/86 E'(. E3 (.8 N'"* %6* (.8 ,8"B7('",9 (.8 N'"* 7, (.8
@"8*')76%('" 86L'38" :.7$8 (.8 @%"(, %6* @%"O8$, %"8 @"8*')76%(8*
86L'38*R 58%$ 86L'3)86( '< (.8 $7B76= 86(7(3 7, "8%$7`8* 76 (.%( :%39
'(.8":7,8 .8 O%6 ,7)@$3 )8"=8 .7),8$< :7(. (.8 N'"* E3 %667.7$%(76= .7,
O'6,(7(0(7'6%$ @',7(7'6 %, .8 7, 8)%6%(8* <"') (.8 J0@"8)8R H.7,
O'6,(7(0(7'6%$ @',7(7'6 '< (.8 @%"(, %6* @%"O8$, %"8 @"8*')76%6($3
8]7,(86( 76 (.8 DE,'$0(8 58%$)9 :.8"8%, (.8 ,8O'6*%"3 "'@'@ %"8
)%67<8,(8* 76 (.8 "8$%(7B8 :'"$*R g.86 (.8 N'"* (.8"8<'"8 *8,7"8, ('
86L'3 (.8 ,8O'6*%"3 "'@' :7(. P7, ,8"B7('",9 ,0O. "8O7@"'O%(7'6 7,
E"'0=.( 76(' 8]7,(86O8 76 (.8 "8$%(7B8 :'"$* E3 (.8 *8,7"8 '< (.8 N'"*R
g.86 (.8,8 ,8O'6*%"3 "'@'@ %"8 %O(0%$$3 *'B8;(%7$8* :7(. (.8 DE,'$0(8

4s
?8",'6 (.8 "8,0$( 7, (.8 ,%)8 %, (.%( '< (.8 '(.8" @"7)%"3 "'@'@R
H.8"8<'"8 (.8 =,='+@' "'@'9 *7,@$%38* E8(:886 (.8 N'"* %6* K%v,% %$,'
(8")76%(8* 76 (.8 $7E8"%(7'6 '< K%v,% '6 %OO'06( '< !"# KUTV%x, E876=
(.8 DE,'$0(8 ?8",'6R
H.8"8<'"8 (.8 ,8"B7('" $7B76= E876=9 7< %( %$$ .8 :%6(, (' "8$7,. %63 '68 '<
(.8 %E'B8 "'@'@9 )0,( "8O7@"'O%(8 (.8 ,%)8 :7(. !"# KUTV% :.' 7, (.8
06$7)7(8* 'O8%6 '" ,'0"O8 '< %$$ "'@'@R [68 O%6 *8"7B8 %63 %)'06( '<
"'@' '< % @%"(7O0$%" (3@8 <"') (.%( "8,'0"O8 ,7)@$3 E3 ,0O. "8O7@"'O%(7'6
:7(. KUTV%R WA61?' b'6'/, I6'/,H'0 *7"8O(, (.8"8<'"8 O'6O$0,7B8$3 (.%(
!"# KUTV% 7, (.8 J0@"8)8 W'06(%76;P8%* '< %$$ (.8 "'@'@ :.7O. 7, %$,'
O'6<7")8* E3 (.8 4"5+, '" (.8 L%0'@R [68 ,.'0$* (.8"8<'"8 %$:%3,
)8*7(%(8 0@'6 !"# KUTV% (' *8"7B8 % @%"(7O0$%" (3@8 '< "'@'2 %OO'"*76= ('
'68x, O.'7O8 %6* 06*8" @"'@8" *7"8O(7'6 '< (.8 ,@7"7(0%$ )%,(8"R
KUTV% %@@8%"8* (' K%v,% %, *8%(. @8",'67<78* E8O%0,8 K%v,% O.'',8 ('
/7$$ KUTV% <"') (.8 E8=76676= '< P7, %@@8%"%6O8R J7)7$%"$3 (.8 8A6#@
:%6(8* (' .%B8 KUTV% %, (.87" $'B8" %6* (.8"8<'"8 KUTV% "8O7@"'O%(8*
:7(. (.8) %, (.8 )',( <%,O76%(76= $'B8" *7,@$%38* E3 (.8 &'0)7"<' "'@'
'< % ("%6,O86*86(%$ @%"%)'0"R
H.8 O'6O$0,7'6 7, (.%( (.8 ?8",'6%$7(3 '< Q'*.8%* "8O7@"'O%(8, :7(. P7,
,8"B7('", 76 (.8 @"'@'"(7'6 %6* h0%$7(3 '< ,8"B7O8 "86*8"8* 06(' P7)R
&'E'*3 7, *'76= %63(.76= 8]O8@( (.7, "8O7@"'O%(7'6 '< "'@'@ E8(:886 !"#
KUTV% %6* .7),8$<9 %6* (.0, '68 7, "8%@76= (.8 *8,7"8* "8,0$( 76 (.8
@"'@'"(7'6 %6* h0%$7(3 '< ,8"B7O8 7$$0,7'68* 76 O'6(%)76%(7'6 :7(. (.8
)%(8"7%$ 868"=3R g.8"8%, ,0O. ,8"B7O8 7, ("%6,O86*86(%$ 76 (.8 DE,'$0(8
58%$) :.8"8 7$$0,7'6 7, O'6,@7O0'0, E3 7(, %E,86O8 '6$3R H.8 h0%$7(3 '<
,8"B7O8 (' !"# KUTV% 76 (.8 .7=.8,( @$%(<'") 7, 8].7E7(8* E3 (.8 8A6#@ %6*
,0O. ,8"B7O8 7, 80$'=7`8* 76 (.8 ()18'='+'& 76 (.8 <'$$':76= :'"*,I
yg.%( 7, (.8 @86%6O8 (.8 8A6#@ @8"<'")8*9 (.%( (.83 %"8 @"7B7$8=8* ('
86L'3 *"76/76= (.8 68O(%" '< (.8 N'"*x, E8%0(3 :.7O. 7, %, )0O.
06<%(.')8* %, P7, '(.8" '@0$86O8, %"8iy
g7(. (.8 8A6#@ (.8"8<'"89 (.8 .7=.8,( ("%6,O86*86(%$ h0%$7(3 '< "'@' 7,
"8O7@"'O%(8* E3 (.8 N'"*9 %6* '0( '< (.8) (.8 ,@8O7<7O%$$3 )86(7'68*
8A6#@ '< (.8 6%)8 H%"%/+9 ?%$#9 !3+)+9 N%$7(+ %6* !"#)%(# 5+*.+"+V# %"8
,7=67<7O%6(R S6 (.8 $7"1;'@ (.8 6%)8, '< (.8 8A6#@ $7/8 Q'@+$#9 ?%$7/+9
M.%63+9 A72+/.+9 M%67Tt.+9 5+*.+9 D6\"+*.+9 J')%E.+9 H%"%/+ 8(OR
%"8 )86(7'68*R D6* 76 (.8 c=1"'*1 d')1+&<'2 (.8 6%)8, '< (.8 8A6#@

4Y
N%$7(+9 !3+)%$+9 J%7E3+9 ?%*)+9 G.%*"+ %$'6= :7(. A72+/.+ %"8
)86(7'68* %, (.8 O.78< '< (.8 *%),8$, '< G"%L%E.\)7R H.8"8 7, ,0O.
)86(7'6 '< (.8 6%)8, '< (.8 8A6,@ 76 T*'/0' $7"1;'& %$,'R J0O. ='@#,
:8"8 %(("%O(8* E3 (.8 E8%0(7<0$ %6* %(("%O(7B8 <8%(0"8, '< (.8 <'") '< !"#
KUTV%R H.83 :8"8 6'( '6$3 %(("%O(8* E0( %$,' (.83 :8"8 %O(0%$$3 06*8"
(.8 O'6("'$ '< (.8 N'"* %, % @%"%)'0"9 (.8 <88$76= '< (.8 $'B8" %6* (.8
E8$'B8*R J0O. ("%6,O86*86(%$ <88$76=, '< (.8 @0"8 ='@#, %"8 68B8" (' E8
O')@%"8* :7(. (.8 8"'(7O @"76O7@$8, '< (.8 )06*%68 :'"$*R S6 (.8,8
("%6,%O(7'6, '< (.8 .7=.8,( "8O7@"'O%(7'6 '< "'@'@9 !"#)%(# 5+*.+"+V#
,(%6*, (' E8 (.8 ,0@8")',( @%"(%/8"R J.8 7, (.8"8<'"8 %O(0%$$3 (.8
O'06(8"@%"( 8)E$8) '< %$$ (.8 "'@'@ :.7O. %"8 "8O7@"'O%(8* E8(:886
KUTV% %6* 5+*.+ 76 % ,@8O7<7O )%668"9 06/6':6 8B86 (' K",6%mG'(.
E876= 8h0%$$3 <0$$ %6* @8"<8O(R H.8"8 7, O'6,(%6($3 %6 'B8"<$': '<
("%6,O86*86(%$ E$7,, :.7O. 7, (.8 @0"8,( <'") '< O')@8(7(7'6 '< (.8
)?10#/# 868"=3 '" (.8 ("%6,O86*86(%$ @$8%,0"8 =7B76= 8$8)86( @'(86O3 76
(.8 N'"* E0( *7,@$%38* E3 5+*.+"+V#R
S6 (.8 I++'"' *)'/0' '< (.8 $'0&' $7"1;'9 ,0O. "8O7@"'O%(7'6 '< (.8
.7=.8,( ("%6,O86*86(%$ )8$$':, 7, %<<7")8* E3 80$'=7`76= (.8 @$%O8
6%)8* 5+*.+;/0Vz% :.8"8 N'"* KUTV% %6* 5+*.+"+V# 8].7E7(8* H.87"
"8O7@"'O%$ <0$$68,,R 5+*.+;/0Vz% 7, (.8"8<'"8 %, )0O. *8%" (' !"# KUTV%
%, !"#)%(# 5+*.+"+V#R S6 MB+"%/+ 50/)7V# 7, )86(7'68* %, (.8 ('@)',(
h0886 '< (.8 N'"* %6* ,7)7$%"$3 76 AU6*+B%6%9 5+*.+"+V# 7, (.8 ('@)',(
'< (.8 8A6#@R H.8 @%,(7)8'0, <06O(7'6, '< AU6*+B%6% "8@"8,86( % ="8%(8"
*8="88 '< "'@' "8O7@"'O%(7'6 (.%6 MB+"%/+R D, ,0O. 5+*.+"+V# 7, )'"8
O'6,@7O0'0, (.%6 50/)7V#R J.8 7, (.8 %$$;%(("%O(7B8 O'06(8"@%"( '< (.8
%$$;%(("%O(7B8 N'"* %6* (.8"8<'"8 J.8 7, (.8 .7=.8,( 8)E'*7)86( '< (.8
)?10#/# @'(86O3 '< (.8 N'"*R A'$06(%"7$3 (.8 N'"* E7<0"O%(8* P7),8$<
E'(. %, 5+*.+ %6* KUTV% %6* %=%76 L'768* ('=8(.8" 76 (.8 ,(7$$ )'"8
%(("%O(7B8 <'") '< !"# C.%7(%63% 1%.+@"%E.0R S6 '(.8" :'"*,9 (.8
*8B'(88, '< N'"* !"# C.%7(%63% 1%.+@"%E.0 %"8 8$7=7E$8 O%6*7*%(8, <'"
%@@"'%O.76= (.8 W'06(%76;P8%* '< %$$ "'@'@R DOO'"*76= (' !"# l#B%
Q',B+)# (.8 6%)8, '< E'(. 5+*.+ %6* KUTV% %"8 )86(7'68* 76 (.8 e8
=%0' %, y5+*.+;1%*.%B%yR 186 :7(. % @''" <06* '< /6':$8*=89 %6* ,'
O%$$8* %*.8"86(, '< (.8 L%0'@2 76*0$=8 76 @"%=)%(7O *7,O0,,7'6,
O'6O8"676= 5+*.+ %6* KUTV% :7(.'0( O'6,0$(76= (.8 %0(.'"7(%(7B8
,(%(8)86(, '< (.8 Q',B+)#, .8%*8* E3 !"# 5\@% Q',B+)# %6* <'$$':8*

44
E3 !"# 5%=.06+(.% *+,% Q',B+)#R !"# &%"'((%)% *+,% -.+/0"% (.8"8<'"8
"8O'))86*, (' (.8 ,8"7'0, ,(0*86(, '< "'@' ,O786O8 (' ,0""86*8" 06(' (.8
@"'(8O(7'6 '< (.8 )8"O7<0$ Q',B+)#,9 :.' $8<( %$$ )%(8"7%$ %,,'O7%(7'6 '<
%"7,('O"%O3 %6* O')<'"( %6* B'$06(%"7$3 %OO8@(8* (.8 @%"( '< % "7=7*
)86*7O%6( (' E8,(': 0@'6 (.8 <%$$86 ,'0$, $7/8 0, (.87" .7=.8,( =7<( '<
E868*7O(7'6 76 (.8 )%((8" '< $'B8 %<<%7", '< 5+*.+ %6* KUTV%R
H.8 ("%6,O86*86(%$ ,O786O8 '< (.8 $'B8 %<<%7", '< 5+*.+ %6* KUTV% 7, 6'(
% (.76= 8%,7$3 06*8",(%6*%E$8 8B86 E3 (.8 .7=.8,( (%$86(8* @8",'6, %6*
)%(8"7%$7,(7O '@@'"(067,(,R H.',8 :.' (.8"8<'"8 ("3 (' "8%$7`8 (.8 %<<%7",
'< 5+*.+ %6* KUTV% 76 (.8 @0<<8* 0@ )%668" '< )%(8"7%$7,(7O ,O.'$%",.7@
:7$$ E8 B%6h07,.8* 76 (.8 :')E '< 'E$7B7'6 7< (.83 %"8 "8$0O(%6( ('
O'6,0$( (.8 E''/, $8<( E3 (.8 Q',B+)#,R

R"(U1#' \&#p
;'< I:': $(".8>

I7%'.#* %+ 1"# [U.'.1:(7 $(*1#'

!CD! E

4"#-87"7-.'"';'-6'0&'2 *%9'?'-9)'*'+,-@'0&'
9'/0A &7, @19'0)1/' &'+%
B1)1"' 6"'@10% 9)1,2 % 9)'=' +'",<1 B1,
*DH;'-6"16+, )'<' B1)1 )'+%
4"#-87"7P(.8 ,@7"7(0%$ )%,(8"k .'"';'-6'0&'P$'(0, <88(F *%9'?'P'6$3k
9)'*'+,-@'0&'P%E'*8 '< *8B'(7'6%$ ,8"B7O8k 9'/0APE': *':6k &7,P
Sk @19'0)1/' &'+%P:7(. O%"8 %6* %((86(7'6k B1)1"'PE3 :.',8k
6"'@10%P)8"O3k 9)1,P)3 *8%" E"'(.8"k % 9)'='P(.7, )%(8"7%$ :'"$*k
+'",<1 B1,PO"',, E83'6*k *DH;'-6"16+,P%((%76)86( '< KUTV%k )'<'P7,F
B1)1 )'+%P<"') :.')R

!"# 7%1:* +##1 %+ 1"# *U.'.1:(7 8(*1#' ('# 1"# (B%2# %+ U:'# 2#-%1.%&(7

4^
*#'-.3#G 9 B%6 2%6& 1% 1"%*# 7%1:* +##1 6.1" /'#(1 3('# (&2 (11#&1.%&G $)
2#(' B'%1"#' l8) 2#(' 8.&2mn 91 .* 1"'%:/" 1"# /'(3# %+ 1"# *U.'.1:(7
8(*1#' 1"(1 6# 3'%** %-#' 1".* 8(1#'.(7 #Y.*1#&3# (&2 %B1(.& MN?O(G
S( 7, 7)@',,7E$8 (' %O.78B8 (.8 )8"O3 '< (.8 J0@"8)8 N'"* '" *8B'(7'6%$
,8"B7O8 :7(.'0( (%/76= ,.8$(8" '< (.8 $'(0, <88( '< (.8 ,@7"7(0%$ )%,(8"R
H.8"8<'"8 76 '"*8" (' 86(8" (.8 (8)@$8 '< *8B'(7'6%$ ,8"B7O89 '68 )0,(
<7",( (%/8 ,.8$(8" '< (.8 $'(0, <88( '< (.8 ,@7"7(0%$ )%,(8"R P86O89 !"#$%
&%"'((%)% *+,% -.+/0"% 7, '<<8"76= .7, @"%38", (' .7, ,@7"7(0%$ )%,(8"R
H.8 :'"*, 4"# 87"7 )8%6 (.8 ,@7"7(0%$ )%,(8" :7(. %$$ ,@7"7(0%$ '@0$86O8R
H.8 ,@7"7(0%$ )%,(8" 7, 86*':8* :7(. (.8 @'(86O3 (' *8$7B8" .7, *7,O7@$8,
<"') (.8 ="7@ '< 68,O786O8 %6* (%/8 (.8) (' (.8 $'(0, <88( '< !"# KUTV%R
S6 '(.8" :'"*,9 (.8 ,@7"7(0%$ )%,(8" 7, (.8 ("8%,0"3 '< $'B76= *8B'(7'6%$
,8"B7O8R H.8 :'"*, 4"#-87"7-.'"';'-6'0&' *' 6'( '6$3 )8%6 (.8 $'(0,
<88( '< (.8 ,@7"7(0%$ )%,(8"9 E0( (.8 :'"* .'"';' 7, 0,8* .8"8 <'" "8,@8O(9
L0,( %, 76 !"#0)'"' T=1&# .'"';' '" !"# WA@a1&# .'"';' 8(OR
H.8 :'"* 6'0&' 76*7O%(8, (.%( (.8 ,@7"7(0%$ )%,(8" 7, (.8 8)E'*7)86( '<
$'B8 <'" !"# KUTV% %6* <0$$ '< ("%6,O86*86(%$ ,:88(68,,R S( 7, %$,'
06*8",(''* (.%( L0,( %, (.8 $'(0, <$':8" 7, "8$7,.8* E3 (.8 E0)E$8E88,9
,7)7$%"$39 (.8 ,:88( )8"O3 '< (.8 ,@7"7(0%$ )%,(8" 7, "8$7,.8* E3 (.8
*8B'(88,R J0O. % ,@7"7(0%$ )%,(8" 7, /6':6 %, *%='?'-9)'*'+,-@'0&'9 (.8
'6$3 ,.8$(8" '< 06%$$'38* *8B'(7'6%$ ,8"B7O8R
H.8 :'"*, *%='?'-9)'*+, "8<8" (' @0"8 *8B'(7'6%$ ,8"B7O8 *8B'7* '<
<"07(7B8 %O(7B7(78,9 )86(%$ ,@8O0$%(7'6 %6* )%(8"7%$ *8,7"8,R H.8 :'"*
&7, )8%6, aS %)Rc M08 (' (.8 6%(0"8 '< @0"8 *8B'(7'6%$ ,8"B7O89 !"#$%
&%"'((%)% *+,% -.+/0"% .%, 0,8* (.8 :'"* &7, 76 '"*8" (' 8]@"8,, .7,
.0)7$7(3R aS '<<8" )3 'E87,%6O8, 06(' (.8 $'(0, <88( '< (.8 ,@7"7(0%$
)%,(8"9 d*8,O"7E8* %E'B8f9 :7(. ="8%( O%"8 %6* %((86(7'6Rc [68 ,.'0$*
:'",.7@ (.8 ,@7"7(0%$ )%,(8" :7(. ="8%( %:8 %6* "8B8"86O89 :7(.'0( (.8
*8,7"8 <'" )%(8"7%$ 86L'3)86(R [68 ,.'0$* ,8%"O. <'" (.8 ,8"B7('",.7@ '<
(.8 ,@7"7(0%$ )%,(8" %6* !"# KUTV%R

!CD! Q

87"7-&5*)'-6'0&'-=1*<'2 .,++%+% *'",<' ',*<'


1" /1 *'",)' &'/% 141

4b
4"#-87"7-.'"';% "'+,2 %, @% 7++'&'-8'+,
B% 6"'@10% 65"% @'"9' 141
87"7P(.8 ,@7"7(0%$ )%,(8"k &5*)'P)'0(.9 6'0&'P$'(0,k =1*<'P
:'"*,F .,++%+%m76 (.8 .8%"(k *'",<'-',*<'P)%/8 '68 :7(.F 1"'m)'"8k
/1P6'(k *'",)'P*'k &'/%P76 (.8 )76*k 141P*8,7"8,k 4"#-87"7P(.8
,@7"7(0%$ )%,(8"k .'"';%m06(' (.8 $'(0, <88(k "'+,P%((%O.)86(F %,P
(.7,k @%P(.%(k 7++'&'-8'+,P(.8 .7=.8,( ='%$k B% 6"'@10%PE3 :.',8
)8"O3k 65"%m<0$<7$$,k @'"9'P%$$k 141P*8,7"8,R

$(5# 1"# 1#(3".&/* +'%8 1"# 7%1:* 8%:1" %+ 1"# *U.'.1:(7 8(*1#' %&# 6.1"
)%:' "#('1L (&2 2% &%1 2#*.'# (&)1".&/ #7*#G 411(3"8#&1 1% 1"# 7%1:* +##1
%+ 1"# *U.'.1:(7 8(*1#' .* 1"# B#*1 8#(&* %+ *U.'.1:(7 (2-(&3#8#&1G h) ".*
8#'3) (77 2#*.'#* +%' *U.'.1:(7 U#'+#31.%& ('# +:7+.77#2G
H.8 ,@7"7(0%$ )%,(8" 76,("0O(, '68 76 (.8 $'B76= *8B'(7'6%$ ,8"B7O8 '< !"#
KUTV%R H.8 76,("0O(7'6, <"') (.8 )'0(. '< (.8 ,@7"7(0%$ )%,(8" %"8 B8"3
@':8"<0$9 76 '(.8" :'"*,9 (.83 %"8 <0$$3 @'(86( (' 86%E$8 '68 (' %O.78B8
N'"* !"# KUTV%R H.8 :'"*, '< (.8 ,@7"7(0%$ )%,(8" %"8 76 %OO'"*%6O8 :7(.
%$$ "8B8%$8* ,O"7@(0"8,R H.8"8<'"89 (.',8 :.' %"8 8%=8" (' %((%76 !"#
KUTV% ,.'0$* (%/8 (.8 :'"*, '< (.8 ,@7"7(0%$ )%,(8" 76(' (.87" .8%"(, %,
(.87" $7<8 %6* ,'0$R
H.8 :'"* =1*<' 76 (.7, (8]( "8<8", (' (.8 76,("0O(7'6, '6 6"%&'-"'@'-
+'++='2 (.8 ,O786O8 '< $'B76= "8$%(7'6,.7@ 76 *8B'(7'6 (' KUTV%R H.8 :'"*
@'*<' "8<8", (' '68, %E7$7(3 (' 'E(%76 KUTV%R I++'&' 8'+, )8%6, (.8
.7=.8,( *8,(76%(7'6R I++'&' 8'+, )%3 %$,' "8<8" (' (.8 E8,( '0( '< %$$
'E(%76%E$8 (.76=,9 %6* (.%( 7, 6"%&' @%=' '" ,8"B7O8 76 $'B8R
D6'(.8" "8%*76= '< .,++%+% *'",<' ',*<' 7, )D0, *'", &')1 @'*<'R H.7,
)8%6, (.%( :.%(8B8" 76,("0O(7'6, (.8 ,@7"7(0%$ )%,(8" =7B8, (' .7,
*7,O7@$8, %E'0( (.87" 8(8"6%$ O'6,(7(0(7'6%$ "8$%(7'6,.7@ %, (.%( '< %
&'EB'"#k ,.'0$* E8 /886$3 /8@( :7(.76 (.87" .8%"(,R H.8 :'"* @'"=' 1@1
76*7O%(8, (.%( '68 ,.'0$* E8 ("%6,O86*86(%$$3 ="88*3 (' %O.78B8 (.8
$'B76= ,8"B7O8 '< !"# !"# 5+*.+;KUTV%9 ,0O. %, )%,,%=76= H.87" <88(9 '"
'<<8"76= H.8) % .1&'"' 76 % AU6*+B%6% /,*7EB'2 % ="'B8 *8O'"%(8* :7(.
L8:8$, %6* @8%"$,R g7(. :.')8B8" (.8 ,@7"7(0%$ )%,(8" 7, @$8%,8*9 !"# !"#
5+*.+ %6* KUTV% %"8 %$,' @$8%,8*R <'@<' 6"'@10' 9)'8'='+ 6"'@10'>R G3
(.8 )8"O3 '< (.8 ,@7"7(0%$ )%,(8"9 '68 O%6 %((%76 (.8 )8"O3 '< (.8

4n
J0@"8)8 N'"*R H.8"8<'"89 '6$3 E3 (.8 )8"O3 '< (.8 ,@7"7(0%$ )%,(8" 7,
(.8 $'B76= ,8"B7O8 (' !"# !"# 5+*.+;KUTV% %((%768*R

!CD! S

.'*)7-01/' 0,?1 B%,2 B'/&% B'/&% 6"'9)7 @%,


0,=<'-BE1/' )D0% 6"'*14,+'
6"%&'-9)'*+, B1)1 )',+%2 '9,0<1 9,/14' B1+%
9%0% 81<' B1)1"' .'",+'
.'*)7-01/'P("%6,O86*86(%$ B7,7'6k 0,?1m=%B8k B%,P:.'8B8"k B'/&%
B'/&%PE7"(. %<(8" E7"(.k 6"'9)7 @%,P7, )3 $'"*k 0,9<'-BE1/'P*7B768
/6':$8*=8k )D0%P76 (.8 .8%"(k 6"'*14,+'P)%67<8,(8*k 6"%&'-9)'*+,P
$'B76= *8B'(7'6%$ ,8"B7O8k B1)1 )',+%P<"') :.')k '9,0<1P68,O786O8k
9,/14'm*8,("'3k B1+%PE3 :.7O.k 9%0%m(.8 A8*%,k 81<'P=$'"7<3k
B1)1"'P:.',8k .'",+'PO.%"%O(8"7,(7O,R

H# 6"% "(* /.-#& 8# 1"# /.+1 %+ 1'(&*3#&2#&1(7 -.*.%& .* 8) 7%'2L B.'1"


(+1#' B.'1"G h) ".* 8#'3)L 2.-.&# 5&%67#2/# .* '#-#(7#2 6.1".& 1"# "#('1L
B#*1%6.&/ U'#8(iB"(51. (&2 2#*1'%).&/ ./&%'(&3#G !"# q#2.3 *3'.U1:'#*
*.&/ %+ ".* 3"('(31#'G
a!"# KUTV% 7, )3 N'"* %6* S %) P7, 8(8"6%$ ,8"B%6(Rc H.7, O'6,(7(0(7'6%$
@',7(7'6 .%, E886 <'"='((86 E3 (.8 $7B76= 86(7(78, <"') (7)8 7))8)'"7%$R
H%/76= (.7, '@@'"(067(39 (.8 8](8"6%$ 868"=3 '< (.8 J0@"8)8 N'"*9
&1<12 .%, 86(%6=$8* (.8 $7B76= 86(7(78, 76 06$7)7(8* )%(8"7%$ )7,8"78,
%6* O%0,8* (.8) (' %OO8@( (.8 )%(8"7%$ E'*3 )%*8 '< 7=6'"%6O89 %, (.87"
':6 ,8$<R H.8 ,@7"7(0%$ )%,(8" %$'68 7, %E$8 (' *8$7B8" ,0O. $7B76= 86(7(78,
<"') (.8 )7,8"78, '< )%(8"7%$ 8]7,(86O8 %6* 8,(%E$7,. (.8) 76 (.87"
O'6,(7(0(7'6%$ @',7(7'6R H.8 @."%,8 .'*)7 01/' 0,?1 B%, 76*7O%(8, (.%( (.8
,@7"7(0%$ )%,(8" '@86, '0" *%"/868* 838, O'B8"8* :7(. 68,O786O8 %6*
%:%"*, *7B768 B7,7'6 :7(. :.7O. :8 O%6 O"',, (.8 'O8%6 '< )%(8"7%$
8]7,(86O8 %6* E8O')8 h0%$7<78* (' E8.'$* (.8 .7=.8" ,@7"7(0%$ "8%$7(3G
H.8 :'"*, 0,=<'-BE1/' "8<8" (' (.8 /6':$8*=8 (."'0=. :.7O. '68 O%6
$8%"6 .': (' :'",.7@ KUTV%R S( 7, 06*8",(''* (.%( ,0O. /6':$8*=8 O%6 E8
"8B8%$8* 76 '68,_ .8%"( '6$3 E3 (.8 )8"O3 '< 4"# 87"7R H.8 :'"* 0,=<'-
BE1/' %$,' )8%6, ("%6,O86*86(%$ /6':$8*=8 76 (.8 <'") '< 767(7%(7'6

4Z
76(' (.8 (8%O.76=, '< !"# KUTV%R S( 7, ,(%(8* 76 J'", ()'*+, L,?1@'k
0,=<' BE1/': <'+A 0'0<1+ *7"<1+ 616'@<' @':*H<'&
+'@&10 0,*H%+, @1 6"A*+1 0%4,*% +'++=' *A=,0',>
g.86 '68 7, 767(7%(8* 76(' (.8 /6':$8*=8 '< KUTV% %6* .7, "8$%(7'6,.7@
:7(. KUTV% 7, "8B7B8*9 7( 7, (' E8 06*8",(''* (.%( .8 7, 8*0O%(8* 76
("%6,O86*86(%$ /6':$8*=8R H.8 :'"* B'/&% B'/&% 6"'9)7 )8%6, (.%(
(.8 ,@7"7(0%$ )%,(8" 7, %E$8 (' "8)'B8 (.8 O'B8"76=, '< 68,O786O8 '< (.8
$7B76= 86(7(78, E'"6 76 (.7, )%(8"7%$ :'"$*9 %6* .8 7, %$,' %E$8 (' 86=%=8
(.8 $7B76= 86(7(78, 76 (.8 $'B76= ,8"B7O8 '< !"# Q'B76*%9 (.8
("%6,O86*86(%$ O':.8"* E'3 '< G"%L% 1%Vz%$%9 :.7O. 7, E83'6* (.8
"8%$) '< 1+3+R H.8"8<'"89 :.8(.8" '68 7, 76 (.8 @"%O(7O76= ,(%=8 '" '68
7, 76 (.8 @8"<8O(8* ,(%=89 (.8 ,@7"7(0%$ )%,(8" 7, %$:%3, '68_, :'",.7@%E$8
$'"*R
H.8 :'"*, a=%0% 81<'c 76*7O%(8 (.%( 6'( '6$3 &%"'((%)% *+,% -.+/0"%
=$'"7<78, (.8 ,@7"7(0%$ )%,(8"9 E0( (.8 L%0'@ %6* (.8 ,0@@$8)86(%"3 A8*7O
,O"7@(0"8, %$,' =$'"7<3 (.8 ,@7"7(0%$ )%,(8"R D, ,(%(8* E3 N'"* KUTV% ('
{**.%B% 76 !"#&'0-()18'='+'& YYRYoR4b9 1.1"<' &1: =,B1/#<1+2 a[68
,.'0$* O'6,7*8" (.8 ,@7"7(0%$ )%,(8" %, 6'6;*7<<8"86( <"') 18Rc D$,' 7( 7,
,(%(8* 76 (.8 L%0'@I 1.1"<'='/ 67"7HA =%0'>2 (.%( '68 :.' %,,'O7%(8,
:7(. (.8 1.1"<' O%6 E8O')8 <%)7$7%" :7(. %$$ (.8 A8*7O /6':$8*=8R

!CD! V

4"#-87"7 *'"7;1-@,/0)72 '0)'&' B'/1"' 9'/0)7


?A*'/1+)' ?A*%"' B#9'/'
)1 )1 6"'9)5 *'"' 0'<12 0%)' &A"' 6'0'-.)1<1
%9% B'4' 8)7H7* +",9)5='/'
4"#-87"7P(.8 ,@7"7(0%$ )%,(8"k *'"7;1P)8"O3k @,/0)7P'O8%6k
'0)'&'P<%$$86k B'/1"'P@8",'6,k 9'/0)7P<"786*k ?A*'/1+)'P
@"'(8O('" '< (.8 @8'@$8k ?A*%"' B#9'/'P$7<8 %6* ,'0$ '< (.8 @8'@$8k )1 )1
6"'9)5P[ )3 $'"*k *'"'P*'k 0'<1P)8"O3k 0%)'P@$8%,8 =7B8k &A"'P
(' )8k 6'0'-.)1<1P,.8$(8" '< (.8 $'(0, <88(k %9%P6':k B'4'P<%)8k
8)7H7*PE8 @"8%O.8*k +",9)5='/'P76 (.8 (."88 :'"$*,R

4o
\ *U.'.1:(7 8(*1#'L %3#(& %+ 8#'3) (&2 +'.#&2 %+ 1"# +(77#& *%:7*L )%: ('#
1"# 1#(3"#' %+ #-#')%&# (&2 1"# 7.+# %+ (77 U#%U7#G \ 8(*1#'n h# 8#'3.+:7
:&1% 8#L (&2 /.-# 8# 1"# *"(2# %+ )%:' 7%1:* +##1G $() )%:' /7%'.#* &%6
B# U'%37(.8#2 1"'%:/"%:1 1"# 1"'## 6%'72*G

!CD! Z
!"# A%7TV%B% 1%.7)+

!"# I7%'.#* %+ 1"# q(.?O(-(

9',H;'9'-.'"';'-"%;5 9)5H'/' *'",<1 +'/5


B1)1 )',+% '/59)'=' )'<'
&1"BB'/' )'<' 9)'B'/' @10)7-@'O8% '/5*H';'
'BE1/'-'9,0<1-6'"1B'<'
9',H;'9'P(.8 A%7TV%B%,k .'"';'-"%;5P(.8 *0,( '< (.8 <88(k 9)5H'/'P
*8O'"%(8k *'",<1P*'76=k +'/5PE'*3k B1)1 )',+%PE3 :.7O.k '/59)'='P
"8%$7`%(7'6k )'<'P7,k &1"BB'/'PO$8%6,8k )'<'P7,k 9)'B'/'P:'",.7@k
@10)7-@'O8%P76 (.8 %,,'O7%(7'6 '< (.8 *8B'(88,k '/5*H';'PO'6,(%6($3k
'BE1/'P7=6'"%6O8k '9,0<1P68,O786O8k 6'"1B'<'P*8<8%(

\&# *"%:72 2#3%'(1# 1"# B%2) 6.1" 1"# 2:*1 +'%8 1"# 7%1:* +##1 %+ 1"#
q(.?O(-(*L B#3(:*#L B) 1".*L %&# 3(& (3".#-# 1'(&*3#&2#&1(7 '#(7.X(1.%&*G
h) 3%&*1(&17) (**%3.(1.&/ 6.1" 1"# 2#-%1##*L %&#P* 3:71.-(1.%& %+
2#-%1.%&(7 *#'-.3# .* U:'.+.#2 (&2 %&# 3(& 3%&W:#' &#*3.#&3#G
H.8 :'"*, <1)1 )',+% "8<8" (' (.8 @8",'6 :.' .%, *8O'"%(8* .7),8$< :7(.
(.8 *0,( '< (.8 $'(0, <88( '< (.8 *8B'(88,R [=,0<1 76 (.7, O%,8 "8<8", (' (.8
*8,7"8, '< <'0" @0"@',8, '< $7<8k 0)'"&'2 '"+)'2 *1&'2 '/0 &A*H'R

!CD! ]

!"# I7%'.#* %+ ;'<7( fkU( (&2 [(&>1(&( I%*->8<*

B'<' @'/1+'/' "56' 6"%&'-9)'*+,-"'@'-*56'


B58'?'-7BBa'?'-"'@'-+'/5
B1)1"' 6"'@10% ?A*' 614'",?' 05>*)' 4A*'

4q
6"'*'C' *'?6'-+'"7 B'/5
B'<'P%$$ =$'"78,k @'/1+'/'PJ%6+(%6% Q',B+)#k "56'P5\@% Q',B+)#k
6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k "'@'P("%6,O86*86(%$ )8$$':,k
*56'P:8$$k B58'?'PE'(.k 7BBa'?'-"'@'PE"7=.( *8B'(7'6%$ )8$$':,k
+'/5PE'*3k B1)1"'mE3 :.',8k 6"'@10%m)8"O3k ?A*'m@8'@$8k
614'",?'m<'"='(k 05>*)'P*7,("8,,8,k 4A*'P$%)86(%(7'6k 6"'*'C'm
)%67<8,(k *'?6'-+'"7P*8,7"8 ("88k B'/5P=868"%(7'6R

477 /7%'.#* 1% ;'< fkU( (&2 ;'< [(&>1(&( I%*->8<*L 6"% ('# 1"# '#*#'-%.'*
%+ 7%-.&/ 2#-%1.%&(7 *#'-.3#L B#.&/ 1"# U#'*%&.+.3(1.%&* %+ 1"# "./"#*1
1'(&*3#&2#&1(7 8#77%6* 2.'#31#2 1%6('2* ;'< ;'< f>2">iMN?O(G h) 1"#.'
8#'3)L ( 2#*.'# 1'## "(* B##& /#&#'(1#2 .& 1".* 6%'72 1"(1 3(& '#7.#-# 1"#
2.*1'#** (&2 7(8#&1(1.%& %+ (77 U#%U7#G
D$(.'0=. (.8 O.%6(76= '< (.8 .'$3 6%)8, '< (.8 N'"* %"8 76O$0*8*
%)'6= (.8 ,7](3;<'0" $7)E, '< *8B'(7'6%$ ,8"B7O89 ,(7$$ 76 '"*8" ('
*7,(76=07,. (.7, $7)E <"') '(.8" $7)E,9 !"#$% &%"'((%)% *+,% -.+/0"%
.%, %=%76 )86(7'68* @'O*#"+'/'3 J7)7$%"$39 .8 .%, =$'"7<78* (.8
O.%"%O(8"7,(7O, '< (.8 A%7TV%B%, :7(. (.8 @."%,8 =',H;'=' .'"';' "%;7R
w8( 76 '"*8" (' ,@8O7<7O%$$3 =$'"7<3 (.8 Q',B+)#,9 .8 ,%3, B'<' @'/1+'/'
"56'3338(OR H.8 @."%,8 =',H;'=' .'"';' "%;7 =868"%$$3 76O$0*8, %$$ (.8
A%7TV%B%, ,0O. %, @'*)<'-=',H;'='@2 =1+@'?<'-=',H;'='@ 8(OR ?"76O7@%$$39
(.8"8 %"8 <7B8 "8$%(7'6,.7@, 76 *8B'(7'6%$ ,8"B7O8I 4'/+'2 01@<'2 4'*)<'2
=1+@'?<' %6* 7BB='?' A" &'0)7"'3 H.8 h0%$7(3 '< 4'/+'-"'@' 7, (' E8 <7]8*
76 KUTV%R c1@<'-"'@' 7, (' ,8"B8 (.8 N'"*R T'*)<'-"'@' 7, %,,'O7%(7'6 :7(.
(.8 N'"* :7(.'0( %63 <8%" '" .8,7(%(7'6 76 % )''* '< 8h0%$7(3R L1+@'?<'-
"'@' 7, @%"86(%$ %<<8O(7'6R IBB='??'-"'@' 7, O'6L0=%$ )8$$':,R
D, (.8 h0%$7(78, '< 8%O. "'@' %"8 76O$0*8* 76 (.8 68]( "'@'9 7( 7, (' E8
06*8",(''* (.%( 8%O. "'@' 7, ="%*0%$$3 ,0@8"7'" (' (.8 @"8B7'0,R S6
7BB='??'-"'@' (.8"8 %"8 <7B8 h0%$7(78,9 (.8"8<'"89 7( 7, (.8 .7=.8,( "'@'3
D)'6= (.8 %,,'O7%(8, '< 7BB='??'-"'@'2 '6$3 (.',8 :.' %"8 ,7(0%(8* 76 (.8
="'0@ '< !"#)%(# 5+*.7/+ "8$7,. (.8 .7=.8,( 06@%"%$$8$8* ,:88(68,, '< !"#
!"# 5+*.+ 1%*%6%;1'.%6R w8( %)'6= (.8)9 '6$3 (.8 )%7*,8"B%6(, '<
!"#)%(# 5+*.+"+V# %"8 %E$8 (' "8$7,. (.8 ('@)',( %6* :'6*8"<0$
,:88(68,, '< H.87" N'"*,.7@,R 1%63 @'*)#@ O%66'( ,88 (.8 )',(
O'6<7*86(7%$ @%,(7)8, '< !"# !"# 5+*.+;1%*.%B%9 E0( (.8 )%7*,8"B%6(, '<

4X
!"#)%(# 5+*.+"+V# %"8 %E$8 (' E%(.8 76 (.8 :%(8", '< )%(O.$8,, ,:88(
("%6,O86*86(%$ )8$$':,R H.8,8 )%7*,8"B%6(, %"8 O%$$8* &'EB'"#@
d06E$',,')8* E0*,f '< (.8 *8,7"8 O"88@8" 76 (.8 <'") '< !"# 5+*.7/+R
H.8 ,3)@('), '< 86L'3)86( <'06* '6 (.8 $7)E, '< !"# 5+*.7/+ %"8 %$,'
)%67<8,(8* '6 (.8 $7)E, '< (.8 &'EB'"#@R H.8 )%7*,8"B%6(, '< !"#)%(7
5+*.+"+V#9 !"# 5\@% 1%jL%"# %6* !"# N%B%6=+ 1%jL%"# %"8 6'68 '(.8"
(.%6 !"#$% 5\@% Q',B+)# %6* !"#$% J%6+(%6% Q',B+)#R G'(. %"8 (.8
('@)',( "8$7,.8", '< 7BB='??'-"'@' '" &'0)7"'-"'@'3 H.8"8<'"89 !"#$%
&%"'((%)% *+,% -.+/0"% .%, *8,O"7E8* (.8) %, 7BB='??'-"'@'-+'/52 (.8
@8",'67<7O%(7'6 '< 7BB='??'-"'@'3
!"#$% &%"'((%)% *+,% -.+/0"% .%, 6'( *8,O"7E8* !"# 5\@% %6* !"#
J%6+(%6% %, (.8 'O8%6 '< $'B76= *8B'(7'6%$ )8$$':,9 "%(.8" .8 .%,
*8,O"7E8* (.8) %, (.8 :8$$ '< $'B76= *8B'(7'6%$ )8$$':,R H.8 "8%,'6
E876= (.%( (.8 :%(8" '< (.8 'O8%6 7, )7]8* :7(. (.8 :%(8", '< B%"7'0,
"7B8",9 .':8B8"9 (.8 :%(8" '< (.8 :8$$ 7, 6'(R J7)7$%"$39 (.8 $'B76=
*8B'(7'6%$ ,8"B7O8 @"8%O.8* E3 !"# 5\@% %6* !"# J%6+(%6% 7, 6'( )7]8*
:7(. (.8 "7B8", 76 (.8 <'") '< BE'/' %6* <A8'R H.7, $'B76= *8B'(7'6%$
,8"B7O8 7, '"7=76%$ %6* @0"8R P86O8 !"#$% &%"'((%)% *+,% -.+/0"% .%,
0,8* a:8$$c 76,(8%* '< a'O8%6cR D6'(.8" "8%,'6 7, (.%( % (.7",(3 @8",'6
O%66'( h086O. .7, (.7",( %6* E8 O''$8* E3 *"76/76= (.8 :%(8" '< % "7B8"
'" @'6* 76 (.8 ,0))8"R H.8 :%(8" '< (.8 :8$$ "8)%76, B8"3 O''$
.':8B8"R H.8"8<'"89 (.8 :8$$ '< *8B'(7'6%$ ,8"B7O8 7, %E$8 (' O''$ %
(.7",(3 @8",'69 :.8"8%, BE1/' %6* <A8' %"8 6'( %E$8 (' 8](76=07,. (.8 <7"8
'< $%)86(%(7'6 %6* 7$$0,7'6 '< (.8 $7B76= 86(7(78, 76 (.7, %=8 '< K%$79 :.'
%"8 %<<$7O(8* E3 (.8 (."88<'$* )7,8"78, '< )%(8"7%$ 6%(0"8R H.8 @"'O8,,8,
'< BE1/' %6* <A8' O%66'( <0$$3 *8,("'3 $%)86(%(7'6 %6* *7,("8,,R
M8B'(7'6%$ ,8"B7O8 %$'68 7, %E$8 (' O')@$8(8$3 *8,("'3 (.8 <7"8 '<
)%(8"7%$ $%)86(%(7'6 %6* )7,8"3 '< (.8 $7B76= 86(7(78, ,7(0%(8* 76 (.8
/76=*') '< 1+3+9 (.8"8E3 .8$@76= (.8) (' "8$7,. (.8 ,:88( )8$$':, '<
!"# !"# 5+*.+;KUTV%R !"# 5\@% %6* !"# J%6+(%6% %"8 (.8 ,.8$(8" '< (.7,
O''$76=9 ,:88(9 $'B76=9 *8B'(7'6%$ )8$$':R P86O89 (.83 %"8 %**"8,,8* %,
"'@' *56'R H.%( 7, :.3 8B86 ('*%39 )%63 $7B76= 86(7(78, %"8 <'"=8((76=
(.87" $%)86(%(7'6 %6* )7,8"3 E3 *"76/76= <"') (.8 :8$$ '< )8$$':, 76
(.8 <'") '< *8B'(7'6%$ ,O"7@(0"8, O')@',8* E3 !"# 5\@% %6* !"#
J%6+(%6% Q',B+)#,9 %6* %"8 E876= ,%(7,<78* E3 "8$7,.76= (.8,8 *8B'(7'6%$
)8$$':,R !"#$% &%"'((%)% *+,% -.+/0"% .%, %**"8,,8* !"# 5\@% %6* !"#

^s
J%6+(%6% Q',B+)#, %, (.8 @8",'67<7O%(7'6, '< (.8 *8,7"8 ("88, '<
*8B'(7'6%$ ,8"B7O8R H.8"8<'"89 7( 7, )',( %0,@7O7'0, (' (%/8 ,.8$(8" '<
(.87" $'(0, <88(R

!CD! _

6"%&'-9)'*+,-"#+, B'+' /,B'-8"'/+)% @5-9%*'+'


*'",<1.)%/' 07, &')14'<'
B1)1"' 4"'9'/' )',+% 6'"1/'/0' )'<' .,+%
B58'?'-&'0)5"'-"'@14"'<'
6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k "#+,P@"'O8,,k B'+'P%$$ (.',8k
/,B'-8"'/+)%P76 (.7, E''/,k @5-9%*'+'P@"'@8"$3 *8,O"7E8*k
*'",<1.)%/'P.%B8 :"7((86k 07, &')14'<'P(.8 (:' @8",'6%$7(78,k
B1)1"'mE3 :.7O.k 4"'9'/'P.8%"76=k )',+%P<"')k 6'"1/'/0'P
("%6,O86*86(%$ .%@@768,,k )'<'P7,k .,+%P76 (.8 .8%"(k B58'?'PE'(.k
&'0)5"'P,:88(k "'@14"'<'P(.8 ,.8$(8" '< ,:88( )8$$':,

!"# -('.%:* 3"('(31#'.*1.3* %+ 7%-.&/ 2#-%1.%&(7 *#'-.3# "(-# B##&


#7(B%'(1#7) 2#*3'.B#2 B) 1"#*# 16% /'#(1 U#'*%&(7.1.#* .& 1"#.' B%%5*G \&#
6"% "#('* 1"#*# 2#*3'.U1.%&* +##7* 1'(&*3#&2#&1(7 "(UU.&#** .& ".* "#('1
(&2 1(5#* *"#71#' %+ 1"# *6##1 0.-.&# R%:U7#G
H.8 @"'O8,, '< %((%7676= $'B76= *8B'(7'6%$ ,8"B7O8 %6* (.8 @"'O8,,
@"%O(7O8* E3 (.8 @0"8 *8B'(88, :.' .%B8 %$"8%*3 %((%768* $'B76=
*8B'(7'6%$ ,8"B7O8 %"8 O'""8O($3 %6* 8$%E'"%(8$3 *8,O"7E8* E3 !"# 5\@%
%6* !"# J%6+(%6% Q',B+)#, 76 (.87" E''/, ,0O. %,9 ()'*+,-"'@1&D+'-
@,/0)72 IBB='??' f#?'&';,2 K'?,+1 d'0)'='2 L,0180)' d'0)'='2 c'/'-*%?,
g'7&'70,2 T+'='-&1?1 %6* !"# (D)'0-()18'='+1&D+'R G3 .8%"76= %6*
"8O7(76= (.8,8 ,O"7@(0"8,9 (.8 .8%"(, '< (.8 *8B'(88, %"8 )8"=8* 76 (.8
'O8%6 '< $'B76= 8O,(%O3 06*8" (.8 ,.8$(8" '< (.8 ,:88( )8$$':, '< !"#
5+*.+;1%*.%B%R !"# 5\@% %6* !"# J%6+(%6% Q',B+)#, %"8 *7"8O($3
06*8" (.8 ,.8$(8" '< !"#)%(# 5+*.+"+V#9 .86O8 !"#$% &%"'((%)% *+,%
-.+/0"% .%, %**"8,,8* !"# 5\@% %6* !"# J%6+(%6% Q',B+)#, %,
&')14'<' '" ="8%( @8",'6%$7(78,R S( 7, ,(%(8* 8$,8:.8"8 76 (.7, E''/I
"10),*% .'"';' 14"'<'2 B% *'"% @% &')14'<'2 (.7, )8%6, (.%( :.'8B8"
(%/8, ,.8$(8" '< (.8 $'(0, <88( '< !"# 5+*.7/+9 7, % ="8%( @8",'6%$7(3R

^Y
!CD! `

B58'?'-*,4A"'-6"%&' ?'*H' 91/' B,/, )%&'


)%/' 0)'/' 6"'*14,?' B1O"1
B'<' "56' @'/1+'/' 0%)' &A"% @%, 0)'/'
@% "'+'/' &A"' 8'?% )1"1
B58'?'-*,4A"'PM7B768 w'06= C'0@$8k 6"%&'P$'B8k ?'*H' 91/'P
"8<768*k )%&'P='$*k )%/'m,0O.k 0)'/'P("8%,0"8k 6"'*14,?'P
*7,O$',8*k B1O"1P(.',8 :.'k B'<' "56' @'/1+'/'P%$$ =$'"78, (' !"# 5\@%
%6* J%6+(%6% Q',B+)#k 0%)'P@$8%,8 =7B8k &A"%P(' )8k @%,P(.%(k
0)'/'P:8%$(.k @%P(.%(k "'+'/'PL8:8$k &A"'m)768k 8'?%P68O/k
)1"1P=%"$%6*

!"# 7%-.&/ (++(.'* %+ 1"# )%:&/ 0.-.&# R%:U7# ('# 7.5# '#+.&#2 /%72G \ ;'<
fkU( (&2 ;'< [(&>1(&(n r%: "(-# :&+%72#2 1".* 1'#(*:'# 1% 8# (&2 9 6.77
6#(' 1"#*# o#6#7* %+ 7%-# (* ( /('7(&2 ('%:&2 8) &#35G
H.8 :'"* ?'*H'=1/' "8<8", (' ='$* :.7O. 7, (.'"'0=.$3 "8<768*9 E876=
:7(.'0( % (76=8 '< %63 7)@0"7(78,R J0O. ='$* ,.768, E"7=.($3R S6 (.8 ,%)8
:%39 (.8 $'B76= *8%$76=, '< !"# !"# 5+*.+;KUTV% %"8 )',( @0"89 :7(.'0( %
(76=8 '< ,8$<7,.68,,R D$$ =$'"78, (' !"# 5\@% %6* J%6+(%6% Q',B+)#, :.'
.%B89 '0( '< O')@%,,7'69 "8B8%$8* (.7, ("8%,0"8 '< ,:88( $'B8 '< !"# !"#
5+*.+;KUTV% (' (.8 :'"$* (."'0=. (.87" :"7(76=,R [ )',( )8"O7<0$ !"#
5\@% %6* J%6+(%6% Q',B+)#,| ?$8%,8 E8,(': 0@'6 (.7, @''" <8$$':9 (.8
("8%,0"8 '< (.7, $'B8 %6* E8 =$'"7<78* %, (.8 )',( )067<7O86(R ?$8%,8 @0( %
=%"$%6* )%*8 <"') (.8 L8:8$, '< 6"%&' %"'06* )3 68O/R

!CD! e
!0**.%;E.%/(7;(%((B%

!':1" 4B%:1 A:'# 0#-%1.%&(7 [#'-.3#

9)18'9'+'-41@+"'-&'"&' /'9'-9,0)' 9)'*+,-0)'"&'


@'01<%, *'",9' @5-@%9'/'
'/<'-0%=14"'<' /1, +A&1"% *'),?' 9)1,
%, 9)'*+, 6'"'&'-*1"';'

^4
9)18'9'+'P!"#)%*;G.+=%B%(%)k 41@+"'P,O"7@(0"8,k &'"&'m@0"@'"(k
/'9'P6768k 9,0)'P(3@8,k 9)'*+,-0)'"&'P*8B'(7'6%$ ,8"B7O8k
@'01<%,P%$:%3,k *'",9'm:7$$ *'k @5-@%9'/'P,8"B8k '/<'P'(.8"k
0%=14"'<'P(%/76= ,.8$(8" '< (.8 *8)7='*,k /1,P6'(k +A&1"%P(' 3'0k
*'),?'P(8$$76=k 9)1,P[ *8%" E"'(.8"k %,P(.7,k 9)'*+,m*8B'(7'6%$
,8"B7O8k 6'"'&'P,0@"8)8k *1"';'m)8(.'*R

!"# &.&# U'%3#**#* %+ 2#-%1.%&(7 *#'-.3# ('# 1"# #**#&3# %+ ;'<8(2i


h">/(-(1(8G \ B'%1"#'n !"# B#*1 8#1"%2 %+ (11(.&.&/ 7%-.&/ 2#-%1.%&(7
*#'-.3# .* 1% (76()* #&/(/# .& U#'+%'8.&/ 1"#*# &.&# 7.8B* %+ 2#-%1.%&(7
*#'-.3# 6.1"%:1 1(5.&/ *"#71#' %+ 1"# 2#8./%2*G
[ )3 *8%" E"'(.8" d)76*f9 *' 6'( (%/8 ,.8$(8" '< %63 *8)7='* ,0O. %,
N'"* G"%.)+ '" N'"* !7B%9 E0( (%/8 ,.8$(8" '< N'"* KUTV% :7(.'0(
*8B7%(7'6 %6* 86=%=8 76 (.8 6768 (3@8, '< *8B'(7'6%$ ,8"B7O8R

!CD! Eg

@10)7-41@+"'-87"7-91*<' )D0'<% *'",<1 ',*<'


@'+'+' 9)1@,9' 6"%&'-&1B)%
*'"&# BE1/, 9)'*+,-)#/' ,)1*% *'",9% 9),/'
/'"A++'&' %, +'++a' 81B%
@10)7P*8B'(88,k 41@+"'P,O"7@(0"8,k 87"7P,@7"7(0%$ )%,(8"k 91*<'P
:'"*,k )D0'<%P76 (.8 .8%"(,k *'",<1P*'76=k ',*<'P067(3k @'+'+'m
%$:%3,k 9)1@,9'P<$'%(k 6"%&'-&1B)m76 $'B8 '< Q'*k *'"&#P<"07(7B8
:'"/8",k BE1/,P)86(%$ ,@8O0$%('",k 9)'*+,-)#/'P@8",'6, *8B'7* '<
*8B'(7'6%$ ,8"B7O8k ,)1*%P(.8)k *'",9%P:7$$ *'k 9),/'P,8@%"%(8k
/'"A++'&'P&%"'((%)% *+,%k %,P(.7,k +'++a'm("0(.k 81B%P,76=,R

$) 2#*.'# .* 1% "(-# 8) "#('1 U:'.+.#2 B) 1"# *1(1#8#&1* %+ 1"#


q(.?O(-(*L *3'.U1:'#* (&2 *U.'.1:(7 8(*1#'L (&2 *##.&/ 1"# :&.1) %+ 1"#*#
1"'##L 9 6.77 (76()* +7%(1 .& 1"# %3#(& %+ 7%-# %+ I%2G 9 6.77 B# (7%%+ +'%8
1"# B(2 (**%3.(1.%& %+ 1"# +':.1.-# 6%'5#'*L 8#&1(7 *U#3:7(1%'*L (&2 1"#
U#%U7# 2#-%.2 %+ 2#-%1.%&(7 *#'-.3#G 9L =('%11(8( 0>*(L *.&/ 1".* 1':1"G

^^
R"(U1#' !6%p
C5>&1(iB"(51.

!"# A'%3#** %+ K.Y#2 0#-%1.%&(7 [#'-.3#

4"#&'0-"56'-8A@=1&#-6"'9)76'0%/A*+'&
'/<19),?1H,+'-@7/<'&
BE1/'-*'"&'0<-'/'=D+'&
'/7*7?<%/' *DH;1/7-
4#?'/'& 9)'*+," 7++'&'
4"#&'0-"56'-8A@=1&#-6"'9)76'0%/'mE3 !"#$% 5\@% Q',B+)#
?"%E.0@+*%k 7*+'&P,%7*k '/<'m'(.8" (.%6 *8B'(7'6%$ ,8"B7O8,k
19),?1H,+'m%O( '< *8,7"76=k @5/<'&P*8B'7* '<k BE1/'P(.8 @%(. '< (.8
)'67,(,k *'"&'P<"07(7B8 :'"/k '0,P8( O8(8"%k '/1=D+'&P06O'B8"8*
E3k '/7*7h<%/'P<%B'"%E$3k *DH;'P(.8 J0@"8)8 ?8",'6%$7(3 '<
Q'*.8%*9 N'"* KUTV%k '/74,?'/'&P(' %O( @"%O(7O%$$3k 9)'*+,>m
*8B'(7'6%$ ,8"B7O8,k 7++'&'m,0@8"7'" h0%$7(3

;'<7( fkU( I%*->8< A'(B":U>2( "(* *(.2 .& lh"(51.i'(*(8N1(i*.&2":


EGEGEEma b!"# *:U#'.%' W:(7.1) %+ 2#-%1.%&(7 *#'-.3# 1% MN?O( .* 1% (31
+(-%'(B7) +%' 1"# A#'*%&(7.1) %+ I%2"#(2G !".* 8#(&* 1"(1 1"# *#'-.3#
8:*1 &%1 B# 3%-#'#2 B) 1"# U(1" %+ 1"# 8%&.*1*L +':.1.-# 6%'5#'* %'
2#*.'#* %1"#' 1"(& 2#-%1.%&(7 *#'-.3#Gd
E3
H.* 0.-.&# I'(3#
4GRG h"(51.-#2(&1( [->8< A'(B":U>2(
dG%O/ (' Q'*.8%*9 A'$0)8 ^9 ?%"( 4s9 1%3 4s9 YXZsf
!"#$% 5\@% Q',B+)# E8=76, :7(. @0"8 *8B'(7'6%$ ,8"B7O8 %6* .8 *8<768,
76 (.8 B8"3 E8=76676= (.8 O.%"%O(8"7,(7O, '< 06%*0$(8"%(8* ,8"B7O8 '< (.8
N'"*R S6 (.8 ()'8'='0-8#+1 7( 7, ,%7* (.%( <'0" /76*, '< )86 :.' .%*
@8"<'")8* @7'0, %O(7B7(78, 76 (.8 @%,( (%/8 (' (.8 *8B'(7'6%$ ,8"B7O8 '<

^b
(.8 N'"*R H.83 %"8 (.8 *7,("8,,8*9 (.8 @'B8"(3 ,("7O/869 (.8 $8%"68* %6*
(.8 76h07,7(7B8R H.8 *7,("8,,8* )%6 (%/8, (' *8B'(7'6%$ ,8"B7O8 :7(. %
B78: (' "8O87B8 ,')8 <%B'" <"') (.8 N'"*R H.8 @'B8"(3 ,("7O/86 %$,'
(%/8, (' *8B'(7'6%$ ,8"B7O8 (' "8)'B8 .7, %*B8",7(78,R H.8 $8%"68* )%6
(%/8, (' *8B'(7'6%$ ,8"B7O89 6'( <'" %63 )%(8"7%$ =%76 E0( <'" ,@7"7(0%$
,%$B%(7'69 %6* (.8 76h07,7(7B8 (%/8, (' *8B'(7'6%$ ,8"B7O8, (' /6': '6$3
(.8 @"76O7@$8, '< (.87,) 8(OR D$$ (.8,8 *8B'(88, %"8 6'( @0"8 *8B'(88,
E8O%0,8 %$$ '< (.8) (%/8 (' ,0O. *8B'(7'6%$ %O(7B7(78, :7(. %6 76(86(7'6
'< @8",'6%$ =%76R !"#$% 5\@% Q',B+)# 76 (.8 B8"3 E8=76676= '< .7,
*8<767(7'6 '< *8B'(7'6%$ ,8"B7O8 :%6(, (' 7)@"8,, 0@'6 0, (.%( (.8"8 7,
6' h08,(7'6 '< @8",'6%$ =%76 76 @0"8 *8B'(7'6%$ ,8"B7O8R J0O. ,8"B7O8
)0,( E8 "86*8"8* (' (.8 N'"* '0( '< @0"8 $'B8 '< Q'*.8%* :.7O. 7, $376=
*'")%6( 76 8B8"3 $7B76= E876=R D, 6' '68 7, (%0=.( .': (' $%0=. '" O"3
'" (' E8=76 ,8] $7<8 %, %$$ (.8,8 %O(7'6, %0(')%(7O%$$3 O')8 76(' E876= 76
*08 O'0",89 ,' %$,' $'B8 '< Q'*.8%* 7, ,@'6(%68'0, %6* 6'E'*3 7,
"8h07"8* (' $8%"6 7( E3 ,')8 8](8"6%$ %=86(R G0( %, ,8] $7<8 '" '(.8"
,7)7$%" ,@'6(%68'0, %O(7B7(78, '< % )%6 %"8 ,')8(7)8, O'6,@7O0'0, E3
%E,86O8 '6 %OO'06( '< % *7,8%,8* O'6*7(7'6 '< (.8 E'*39 ,0O. %,
7)@'(86O3 8(O9 ,7)7$%"$39 *08 (' (.8 *7,8%,8* O'6*7(7'6 '< (.8 $7B76=
E876= '6 %OO'06( '< $'6= %,,'O7%(7'6 :7(. )%(8"7%$ 868"=39 $'B8 '<
Q'*.8%* .%, (' E8 %:%/868* E3 @"%O(7O%$ %6* @"8,O"7E8* ,8"B7O8,R J0O.
"'0(768 ,8"B7O8, :7$$ E8 *7,O0,,8* 76 *08 O'0",8R J' <%" %, (.8 *8<767(7'6
'< @0"8 *8B'(7'6%$ ,8"B7O8 7, O'6O8"68*9 7( 7, *8,O"7E8* .8"8 (.%( ,0O.
*8B'(7'6%$ ,8"B7O8 )0,( E8 %O(7B8R H.8"8 7, 6' @$%O8 <'" )86(%$
,@8O0$%(7B8 %O(7'6 76 *8B'(7'6%$ ,8"B7O8R [/74#?'/'& )8%6, @"%O(7O%$
:'"/R J0O. @"%O(7O%$ :'"/ 7, *'68 76 "8$%(7'6 :7(. (.8 E'*39 )76* %6*
,@88O.R D6* ,0O. @"%O(7O%$ :'"/ 7, *'68 %$,' 76 (8"), '< 767(7%(7B8 %6*
'E,("0O(7B8 (86*86O78,R H.%( @"%O(7O%$ :'"/ 7, *'68 <%B'"%E$3 %6*
06<%B'"%E$3R D6* (.8"8 %"8 ,' )%63 ,8O(7'6, %6* ,0E,8O(7'6, '< (.%(
@"%O(7O%$ :%3 '< (.76/76=9 <88$76= %6* :7$$76= <'" (.8 E868<7( '< KUTV%R
H.8 @"7)%"3 @"%O(7O%$ :'"/ 76 *8B'(7'6%$ ,8"B7O8 7, (' %OO8@( % @"%O(7O%$
,@7"7(0%$ )%,(8"9 E'(. 767(7%('" %6* 76,("0O('"9 %6* 76h07"8 <"') .7)
%E'0( %$$ @"%O(7O%$ @"'E$8), 76 (.8 $768 '< *8B'(7'6%$ ,8"B7O8R H.8
*8B'(88 .%B76= <'$$':8* (.8 @"7)%"3 "0$8, 76 (.7, O'668O(7'6 :7$$
="%*0%$$3 *8B8$'@ %6 %((%O.)86( %6* (%,(8 <'" (.8 ,8"B7O8R D<(8" (.7,9 %6
%()',@.8"8 '< O'6,(%6( %,,'O7%(7'6 <'" *8B'(7'6%$ ,8"B7O8 :7$$ E8 <8$(9

^n
%6* ,0O. (8)@8"%)86( :7$$ .8$@ (.8 *8B'(88 (' "7,8 0@ (' (.8 ,(%=8 '<
<7]8* 0@ @',7(7'6 76 "%6/R D$$ (.8,8 .7=.8" ,(%=8, '< *8B'(7'6%$
7)@"'B8)86(, :7$$ *8@86* )'"8 '" $8,, '6 (.8 )8"O7<0$ E868*7O(7'6 '< %
,0@8"7'" *8B'(88 :.' 7, %$"8%*3 .7),8$< 86=%=8* 76 ("%6,O86*86(%$
$'B76= ,8"B7O8R
H.8 :'"* }KUTV%_ 76*7O%(8, (.8 ?8",'6%$7(3 '< Q'*.8%* :7(. P7,
06$7)7(8* 8]@%6,7'6,R H.8 N'"* 8]@%6*, P7),8$< 76 7660)8"%E$8 <'"),
,0O. %, !"# 5+)%9 !"# &U,7v.%9 !"# A%"+.%9 %6* )%63 '(.8" 76O%"6%(7'6,
%6* E8%), '< 8]@%6,7'6,R J')8 '< (.8) %"8 )86(7'68* 76 (.8 ,O"7@(0"8,
$7/8 (.8 ()18'='+' $7"1;'2 %6* %$$ '< (.8) %"8 =,H;7 +'++=' %6* (.0, (.83
%"8 %$,' '6 %6 8h0%$ <''(76= %6* ,(%(0, :7(. KUTV%R S6 '(.8" :'"*,9 (.8
:'"* }KUTV%_ 76O$0*8, %$$ '(.8" 8]@%6,7'6, %6* 76O%"6%(7'6, '< (.8
?8",'6%$7(3 '< Q'*.8%*R H.8 @"'O8,, '< *8B'(7'6%$ ,8"B7O8 76 (.8
@"7)%"3 ,(%=8 7, (.8 ,%)8 %, (.%( '< *8B'(7'6%$ ,8"B7O8 '< KUTV% '" A7TV0
'" &+"+3%V%R S6 (.8 .7=.8" ,(%=8, '< ,8"B7O8 (.8"8 7, % *7<<8"86O8 '< "'@'2
:.7O. :8 .%B8 %$"8%*3 *7,O0,,8* 76 (.8 E8=76676= '< (.7, ("%6,$%(7'6R S6
(.8 O"7(7O%$ *7<<8"86(7%(7'6 '< "'@' ,(0*3 (.8"8 7, ,@8O7<7O ("%6,O86*86(%$
*7<<8"86O8 '< "8O7@"'O%(76= (.8 *8B'(7'6%$ ,8"B7O89 E0( 76 8,,86O8 (.8"8 7,
6' *7<<8"86O8 E8(:886 (.8 ,8"B7O8 '< 5+)% '" KUTV%R H.8,8 @%"(7O0$%"
*7<<8"86O8, :7$$ E8 (%/86 0@ $%(8" '6R
J@8O7<7O 0,8 '< (.8 :'"* 1/7*5?<%/' 7, ,7=67<7O%6(R H.7, )8%6, (.%(
$'B76= ,8"B7O8 '< (.8 N'"*9 %6* 6'( L0,( ,7)@$8 %((%O.)86( <'" (.8 N'"*9
7, (' E8 O%$$8* *8B'(7'6%$ ,8"B7O8R g.86 (.8 %((%O.)86( 7, 767)7O%$ 7( 7,
6'( O%$$8* *8B'(7'6%$ ,8"B7O8R H.8 %((%O.)86( '< K%v,% :7(. KUTV% :%,
<"') (.8 '@@',7(8 ,7*8 '< $'B8R G0( (.8"8 :%, 76*7"8O( %((%O.)86( <'" (.8
N'"*R H.%( ,'"( '< %((%O.)86( 7, 6'( (' E8 %OO8@(8* %, *8B'(7'6%$
,8"B7O8R H.8 *8B'(88 )0,( "86*8" ,8"B7O8 (' (.8 N'"* :.7O. 7, %OO8@(%E$8
(' P7)R H.8 68'@.3(8 *8B'(88 )0,( (.8"8<'"8 (%/8 (.8 ,.8$(8" '< %
,0@8"7'" *8B'(88 :.' 7, %$"8%*3 86=%=8* 76 (.8 ,8"B7O8 '< (.8 N'"* 06*8"
(.8 *7"8O(7'6 '< .7, ,@7"7(0%$ )%,(8"R H.8 ,@7"7(0%$ )%,(8" 7, (.8 B7% )8*7%
E8(:886 KUTV% %6* (.8 *8B'(88R H.8 '"*8" '< (.8 N'"* 7, ("%6,)7((8* ('
(.8 *8B'(88 (."'0=. (.8 )8*70) '< (.8 ,@7"7(0%$ )%,(8"R H.8"8<'"89 ('
%OO8@( (.8 ,8"B7O8 '< % E'6%<7*8 ,@7"7(0%$ )%,(8" 7, (.8 <7",( (.76= (' E8
*'68 76 (.8 )%((8" '< *8B'(7'6%$ ,8"B7O8R
W"') (.8 ,(0*3 '< (.8 ()'8'='0-8#+19 :.7O. 7, *7"8O($3 ,@'/86 E3 (.8
N'"*9 :8 O%6 .%B8 % =$7)@,8 '< '0" 8(8"6%$ "8$%(7'6 :7(. (.8 N'"*R S( 7,

^Z
,%7* (.8"8 O$8%"$3 (.%( (.8 $7B76= 86(7(3 )0,( (%/8 (' (.8 ,8"B7O8 '< (.8
N'"*9 $8%B76= %,7*8 %$$ '(.8" 86=%=8)86(,R
H.8"8 7, <0"(.8" 76,("0O(7'6 76 (.%( E''/ '< /6':$8*=8 (.%( % )%6 :.'
@"8%O.8, (.8 (8%O.76=, '< (.8 ()'8'='0-8#+1 7, (.8 )',( O'6<7*86(7%$
,8"B7('" '< (.8 N'"*R W"') (.7, 7( %@@8%", (.%( (.8 6%(0"8 '< (.8 ,8"B7O8
:.7O. 7, %OO8@(%E$8 (' (.8 N'"*9 7, =868"%$$3 86=%=8)86( '< % *8B'(889
O'6,(%6($39 :7(.'0( %63 *8B7%(7'6 76 (.8 ,8"B7O8 '< (.8 N'"*9 %6* (.%(
,8"B7O89 8,@8O7%$$3 76 (.7, %=8 '< <'"=8(<0$68,,9 7, (' 8*0O%(8 @8'@$8 76 (.8
)%((8" '< Q'* O'6,O7'0,68,, =868"%$$3R
H.8 E'6%<7*8 ,@7"7(0%$ )%,(8" O%6 =7B8 *7"8O(7'6 (' (.8 68'@.3(8
*8B'(88 '6 (.8 @"76O7@$8, '< (.8 @"7)%"3 ,(%=8, '< *8B'(7'6%$ ,8"B7O8 '<
(.8 N'"*R S< '68 .%, 6'( *8B8$'@8* (.8 %@(7(0*8 '< $'B76= ,8"B7O8 '< (.8
N'"* E3 86=%=76= .7),8$< 06*8" (.8 *7"8O(7'6 '< (.8 ,@7"7(0%$ )%,(8"9 '68
O%66'( )%/8 %63 @"'="8,, :.%(,'8B8"R H.8 (8,( '< *8B'(7'6%$ ,8"B7O8 :7$$
%$,' E8 *7,O0,,8* $%(8" '6R &'E'*3 O%6 O$%7) (' .%B8 )%*8 %63 @"'="8,,
76 *8B'(7'6%$ ,8"B7O8 :7(.'0( E876= (8,(8* E3 (.8 ,3)@('),R
!"#$% l#B% Q',B+)# ,%3,9 :.86 :8 ,@8%/ '< 76B7(76= (.8 :%""7'" 7( *'8,
6'( )8%6 :8 76B7(8 (.8 :8%@'6, '< (.8 :%""7'"R H.8 :%""7'" )8%6,
%$:%3, (' E8 *8O'"%(8* '" <'$$':8* E3 .7, :8%@'6,R G0( (.8 .',( *'8, 6'(
)8%6 (' @$8%,8 (.8 :8%@'6, E0( (.8 :%""7'" .7),8$<R J7)7$%"$3 :8 )0,(
/6': :.8(.8" (.8 N'"* 7, ,%(7,<78* E3 '0" ,8"B7O89 :7(.'0( E876= (''
)0O. %((%O.8* 76 (.8 <'")0$%,R H.8"8 %"8 )%63 :.' @%,, E3 (.8 6%)8 '<
*8B'(88,9 E0( :.86 (.83 %"8 @0( 76 (.8 %O7* (8,( '< =860768 ,3)@('),9
=868"%$$3 (.83 O')8 (' (.8 O$%,, '< )06*%68",R N'"* C%7(%63% ,%3, (.%(
*DH;'-6"%&' '" % =860768 $'B8 <'" (.8 N'"* 7, (.8 $%,( :'"* 76 (.8
/76=*') '< *8B'(7'6%$ ,8"B7O8R S6 (.8 %E,86O8 '< ,0O. =860768 $'B8 <'"
KUTV%9 :.7O. 7, <'$$':8* E3 (.8 ,3)@('), '< *8(%O.)86( <'" )06*%68
(.76=,9 '68 O%66'( E8 O8"(7<78*R H.8 :'"* '/7 ,0==8,(, ,8"B7O8 '< (.8
N'"* :7(.'0( %63 76(8"B%$R P8 )0,( E8 86=%=8* 76 (.8 ,8"B7O8 O86(
@8"O86( %6* %$:%3,R H.8"8 )0,( 6'( E8 %63 76(8""0@(7'6 76 ,0O. @"'="8,,
'< *8B'(7'6%$ ,8"B7O8R H.8,8 %"8 ,')8 '< (.8 ,3)@('), '< *8B'(7'6%$
,8"B7O8 76 "8%$7(3R G8,7*8, (.8,89 (.8"8 %"8 '(.8" ,8O'6*%"3 ,3)@('),
:.7O. %"8 %, <'$$':,I
H.8 *8B'(88 )0,( E8 O')@$8(8$3 <"88* <"') %$$ *8,7"8, '(.8" (.%6
*8B'(7'6%$ ,8"B7O8R H.%( 7, (.8 ,(%6*%"* '< <7",( h0%$7(3 *8B'(7'6%$
,8"B7O8R M8,7"8, '(.8" (.%6 *8B'(7'6%$ ,8"B7O8 %"8 )%63 06*8" (.8

^o
.8%*76= '< *'"&'2 BE1/'2 <A8'9 8(OR iE1/' '" /6':$8*=8 7, =868"%$$3
%OO8@(8* 76 (.8 ,86,8 '< )'67,) '" (' E8O')8 '68 :7(. (.8 J0@"8)8R
g.86 :8 ,%3 (.%( *8B'(7'6%$ ,8"B7O8 )0,( E8 06('0O.8* E3 BE1/' :8
)8%6 (.7, @.7$','@.3 '< '6868,,R [(.8":7,89 /6':$8*=8 @8"(%7676= ('
(.8 O0$(0"8 '< *8B'(7'6%$ ,8"B7O8 .%, (' E8 %((%768* :7(. <0$$ B7='"R
g7(.'0( ,@8O7<7O /6':$8*=8 76 (.8 )%((8" '< @0"8 *8B'(7'6%$ ,8"B7O8
:7(. "8<8"86O8 (' (.8 O'6(8]( '< L%0'@2 $7"1;'@2 d')19)1"'+' %6*
6'E.'"1+",. "8=0$%(7'6,9 6' *8B'(7'6%$ ,8"B7O8 :7$$ ,(%6* E'6% <7*8R D63
@"8(86,7'6 '< *8B'(7'6%$ ,8"B7O8 :7(.'0( /6':$8*=8 '< (.8 %E'B8
)86(7'68* ,O"7@(0"8, 7, 6'(.76= E0( % *7,(0"E%6O8 '6 (.%( @%(.R
g.86 :8 ,@8%/ '< *'"&' *8(%O.8* <"') *8B'(7'6%$ ,8"B7O89 :8 )8%6
<"07(7B8 :'"/, :.7O. %"8 )86(7'68* 76 (.8 @&D+, 41@+"'@ <'" 'E(%7676=
8$8B%(7'6 76 )%(8"7%$ 8]7,(86O8R M8B'(7'6%$ ,8"B7O8 )0,( E8 <"88* <"')
,0O. <"07(7B8 %O(7B7(78,9 E0( ,0O. :'"/ %, 7, O'6*0O7B8 (' (.8
*8B8$'@)86( '< *8B'(7'6%$ ,8"B7O8 )0,( E8 O0$(0"8*R J0O. :'"/ :.7O.
.8$@, 86$7=.(86)86( '< *8B'(7'6%$ ,8"B7O8 )0,( E8 O0$(0"8*R H.8 :'"*
'0, 7, (.8 ,0) ('(%$ '< %$$ ,0O. 6'6;*8B'(7'6%$ %O(7B7(78, $7/8 <A8' '"
0668O8,,%"3 @86%6O8, <'" ,86,8 ="%(7<7O%(7'6R
Q"8%( /76=, $7/8 5+B%6% '" P7"%63%/%27@\ .%* 06*8"='68 ,8B8"8
@86%6O8, <'" )%639 )%63 38%", L0,( (' 'E(%76 (.8 (8)@'"%"3 E868<7( '<
,86,8 86L'3)86(R G0( 0$(7)%(8$3 (.83 O'0$* 6'( @"'(8O( (.8),8$B8,9 76
,@7(8 '< %$$ (.8,8 @86%6O8,9 <"') (.8 @067,.)86( 7)@',8* 0@'6 (.8) E3
(.8 ?8",'6%$7(3 '< Q'*.8%*R H.8 O'6O$0,7'6 7, (.%(9 (.8 O0$(0"8 '<
*8B'(7'6%$ ,8"B7O8 '< (.8 N'"* )0,( E8 "8,("7O(8* :7(.76 (.8 @0"8
*8B'(7'6%$ %O(7B7(78, '6$39 %6* 6'(.76= )'"8 :.%(,'8B8"R J0O. %O(7B7(78,
%"8 8$%E'"%(8$3 )86(7'68* 76 (.8 ()18'='+'& %6* '(.8" ,O"7@(0"8,R H.8
()'*+,-"'@1&D+'-@,/0)7 7, %$,' :7(.76 (.8 O%(8='"3 '< (.',8 ,O"7@(0"8,R

!CD! E

'/<'-'9),?1@' .)1U, BE1/' *'"&' 6'",)'",


*1<' &'/% *'",9' 9)'B'/'
@10)7-@'O8% *DH;'-@%91 /1 65B,9' 0%=#-0%=1
%, 9)'*+, 6'"'&'-*1"';'
'/<'P'(.8"k '9),?1@'P*8,7"8,k .)1U,P=7B8 0@k BE1/'P,@8O0$%(7B8

^q
/6':$8*=8k *'"&'P<"07(7B8 %O(7'6,k 6'",)'",P%E%6*'6k *1<' &'/%P
:7(. E'*3 %6* )76*k *'",9'P:7$$ *'k 9)'B'/'P:'",.7@k @10)7-@'O8%P
76 (.8 %,,'O7%(7'6 '< *8B'(88,k *DH;'-@%91P,8"B76= N'"* KUTV%k /1P
6'(k 65B,9'm:7$$ :'",.7@k 0%=#P*8)7='*8,,8,k 0%=1P'" *8)7='*,F %,P
(.7,k 9)'*+,P*8B'(7'6%$ ,8"B7O8k 6'"'&'P(.8 ,0@"8)8k *1"';'P
@"'O8,,

!"# 1%U8%*1 U'%3#** %+ 2#-%1.%&(7 *#'-.3# .* 1% 6%'*".U 1"# ,%'2 6.1"


B%2) (&2 8.&2L /.-.&/ :U 2#*.'#* +%' +':.1.-# (31.-.1.#* (&2 8#&1(7
*U#3:7(1.%&G \&# *"%:72 *#'-# ,%'2 MN?O( .& 1"# (**%3.(1.%& %+ 2#-%1##*
6.1"%:1 6%'*".UU.&/ (&) 2#8./%2*G

!CD! Q

&')1 B'/%"' B%, 6'+)' +1+% )'9% '/5"'+'


65"916'"' *'",<1 9,.1"'
@10)'/'-@&'"';'-?#?1 ,)1+% /1 *'"' )%?1
*1<' &'/% *'",<1 @5@1"'
&')1 B'/%"'P'< (.8 )%.+L%6%,k B%,P(.%( :.7O.k 6'+)'P@%(.k +1+%P76
(.%(k )'9%P:7$$ E8k '/5"'+'m%((%O.8*k 65"916'"'m@"8B7'0, %6* $%(8"k
*'",<1P*'76=k 9,.1"'PO'6,7*8"%(7'6k @10)'/'P@"%O(7,8k @&'"';'P
"8)8)E"%6O8k ?#?1P@%,(7)8,k ,)1+%P76 (.7,k /1P6'(k *'"'P*'k )%?1P
68=$8O(k *1<'-&'/%P:7(. E'*3 %6* )76*k *'",<1P*'76=k @5@1"'P
8,,86O8R

!"# #**#&3# %+ *>2"(&( B"(51. .* 1% 3('#+:77) 3%&*.2#' (&2 +%77%6 1"# U(1"
2.*U7()#2 B) 1"# U'#-.%:* (&2 1"# U'#*#&1 8(">o(&(* l/'#(1 U#'*%&(7.1.#*mG
\&# *"%:72 &%1 &#/7#31 1"# U'(31.3# %+ '#8#8B#'.&/ 1"# U(*1.8#* %+ 1"#
,%'2L +%' 2#-%1.%&(7 *#'-.3# *"%:72 B# U#'+%'8#2 6.1" 1"# 8.&2 (* 6#77 (*
1"# B%2)G
?"8B7'0, &')1B'/'@ "8<8", (' (.8 ,%=8, '< c';U'*1"';<'2 %6* (.8 4"5+,@
*8,O"7E8* 76 (D)1+ L'&';' $7"1;'9 %6* N1/0"'*'/+9 8(OR H.83 :8"8
8]("8)8$3 8%=8" (' .%B8 KUTV% %, (.87" $'B8"R P86O89 (.83 %OO8@(8* (.8
)''* %6* <'") '< % E8$'B8* 8A6#2 %6* 86=%=8* 76 (.8 $'B76= ,8"B7O8 '<
!"# KUTV%R !"# G7$B%)%p=%$% -.+/0"% %$,' %((%768* (.8 )''* '< % @'*)#2

^X
E876= ="88*3 <'" (.8 )''* '< % @'*)# '< !"#)%(# 5+*.7/+R H.0, .8
*7,@$%38* (.8 )''* '< % @'*)# %6* (.8 @"'O8,, '< :'",.7@@76= KUTV%
06*8" (.8 =07*%6O8 '< (.8 @'*)#@3 J76O8 (.8,8 @8",'6%$(78, %@@8%"8*
E8<'"8 !"#)%6 1%.+@"%E.09 (.83 %"8 /6':6 %, (.8 @"8B7'0, &')1B'/'@R
P':8B8"9 (.8 @"8,86( &')1B'/'@ %"8 (.8 ,7] Q',B+)#, .8%*8* E3 !"#$%
5\@% %6* J%6+(%6% Q',B+)#,R
H.8 :'"* @5@1"' )8%6, .7=.8,( @8"<8O(7'6R

!CD! S

'@'+-@'O8' @'01 +<18' .)1U' '/<' 8#+'-"18'


*'"&# BE1/# 6'",)'", 05"%
*%9'?' 9)'*'+'-@'O8' 6"%&'-*'+)1-"'@'-"'O8'
?#?1-*'+)1 9"'B'-"'@'-65"%
'@'+-@'O8'PE%* %,,'O7%(7'6k @'01P%$:%3,k +<18'P=7B8 0@k .)1U'm
$8%B8k '/<'P'(.8"k 8#+'-"18'm%((%O.)86( <'" :'"$*$3 ,'6=,k *'"&#P
<"07(7B8 :'"/8"k BE1/#P)86(%$ ,@8O0$%('"k 6'",)'",P"8L8O(k 05"%P%:%3k
*%9'?'P'6$3k 9)'*'+'-@'O8'P%,,'O7%(7'6 :7(. *8B'(88,k 6"%&'-*'+)1P
('@7O, '< $'B8k "'@'P)8$$':,k "'O8'P.%@@768,,k ?#?1-*'+)1P@%,(7)8,k
9"'B'-"'@'-65"%P76 E"%L%R

\ 8) 2#(' B'%1"#'*L (76()* /.-# :U 1"# B(2 (**%3.(1.%& %+ 1"# 5('8<* (&2
os>&<* +'%8 ( 2.*1(&3#L (&2 /.-# :U 1"# (11(3"8#&1 +%' *.&/.&/ *%&/* &%1
'#7(1#2 1% MN?O(G 4**%3.(1# %&7) 6.1" 1"# 2#-%1##* (&2 8#'/# .& 1%U.3* %+
1"# 7%-.&/ U(*1.8#* %+ MN?O( .& h'(o(G

!CD! V

BA8# /<1@# *'"&# BE1/# '/<'-0%9'-65B'*' 0)<1/#


,)'-?A*' 05"% 6'",)'",
*'"&' 0)'"&' 05>*)' 4A*' B%91 +)1*% '/<' BA8'
.)1U, 9)'B' 8,",9'"'-0)1"#
BA8#m(.8 3'=#,k /<1@#P(.8 "8606O7%(8,k *'"&#P<"07(7B8 :'"/8",k
BE1/#P7)@8",'6%$7,(,k '/<'-0%9' 65B'*'m:'",.7@@8", '< (.8 *8)7='*,k
0)<1/#P(.8 )8*7(%('",k ,)'-?A*'P(.8,8 @8'@$8k 05"%m<%" %:%3k

bs
6'",)'",P=7B8 0@k *'"&'P<"07(7B8 %O(7'6,k 0)'"&'P"8$7=7'0, *0(78,k
05>*)'P)7,8"78,k 4A*'P$%)86(%(7'6,k B%91P:.%(8B8"k +)1*%m76
(.8,8k '/<'P'(.8"k BA8'P%((%O.)86(k .)1U,mE3 =7B76= 0@k 9)'B'P
:'",.7@k 8,",9'"'-0)1"#P(.8 $7<(8" '< Q'B%"*.%6% P7$$R

A7#(*# /.-# :U 1"# (**%3.(1.%& %+ 1"# )%/<*L *(&&)>*<*L 5('8<*L os>&<*L


8#2.1(1%'*L (&2 1"# 6%'*".UU#'* %+ 1"# 2#8./%2*G 47*% (B(&2%&
(11(3"8#&1 +%' (77 -('.#1.#* %+ +':.1.-# (31.-.1.#*L '#7./.%:* 2:1.#*L
2.*1'#**#*L 7(8#&1(1.%&* (&2 8(1#'.(7 %Bo#31*G T:*1 6%'*".U MN?O(L 1"#
7.+1#' %+ I%-('2"(&( H.77G
H.8 :'"* '/<'-<A8' "8<8", (' '68_, %((%O.)86( <'" :7<89 O.7$*"86 %6*
)%(8"7%$ 'EL8O(,R

!CD! Z

+#"+)'-B1+"1 6'",4"'&' *%9'?'-&'/%"'-9)"'&'


@'"9'-@,00), 8A9,/0'-.'"';'
0D0)'-9,4a1@' )D0% 0)'", &'0'-&1+@'"B<' 6'",)'",
@'01 *'"' '/'/<1 9)'B'/'
+#"+)'-B1+"1P("%B8$$76= (' (.8 .'$3 @$%O8,k 6'",4"'&'m.%"* $%E'0"k
*%9'?'P'6$3k &'/%"'P)76*k 9)"'&'P7$$0,7'6k @'"9'-@,00),P.7=.8,(
@8"<8O(7'6k 8A9,/0'-.'"';'P(.8 $'(0, <88( '< Q'B76*%k 0D0)'P<7")k
9,4=1@'mO'6B7O(7'6k )D0%P76 (.8 .8%"(k 0)'",P/88@76=k &'0'P@"7*8k
&1+@'"B<'m86B3k 6'",)'",P=7B8 0@k @'01P%$:%3,k *'"'P*'k '/'/<1P
9)'B'/'P06%$$'38*R

!'(-#77.&/ 1% 1"# "%7) U7(3#* .* ( 6(*1# %+ #&#'/) (&2 B%'& +'%8 .77:*.%&L
+%' 1"# 7%1:* +##1 %+ ;'< I%-.&2( ('# 1"# U#'+#31.%& %+ %&#P* 7.+#G
!"#'#+%'#L %&# *"%:72 /.-# :U U'.2# (&2 #&-) (&2 6.1" +.'8
2#1#'8.&(1.%& .& 1"# "#('1L %&# *"%:72 (76()* 6%'*".U 1"# ,%'2 6.1"%:1
2#-.(1.%&G
T1"='@,00), "8<8", (' (.8 @8"<8O(7'6 'E(%768* <"') @8"<'")76= @7'0,
%O(7B7(78, ,0O. %, B7,7(76= .'$3 @$%O8,R d'0' )8%6, (.8 .%@@768,, (.%(
$8%B8, '68 :7(.'0( 76(8$$7=86O8R d1+@'"<' )8%6, (.8 76%E7$7(3 (' ('$8"%(8
,')8'68 8$,8_, ,0@8"7'"7(3R

bY
!CD! ]

*DH;'-9)'*+' @'O8' *'", *DH;'-9)'*+' 'O8' )%",


4"'00)1/9,+' 4"'9';'-*#"+'/'
'".'/' 9'/0';' 0)<1/' /'9'-9)'*+, &')1-BE1/'
%, 9)'*+, 6'"'&'-*1"';'
/UTV%;E.%/(%m*8B'(88, '< KUTV%k ,%p=%;/%"7mE3 %,,'O7%(76=k /UTV%;
E.%/(%m*8B'(88, '< KUTV%k %p=% .8"7m,8876= H.87" E'*3k
2"%**.+6E7(%m:7(. <%7(.k 2"%E%V%;/#"(%6%m.8%"76= %6* O.%6(76=k
%"O%6%m:'",.7@76=k E%6*%V%m'<<8"76= @"%38",k *.3+6%m)8*7(%(76=k
6%E%;E.%/(7m6768 (3@8, '< *8B'(7'6%$ ,8"B7O8k )%.+;Lj+6%m.7=.8,(
@$%O8k 87;E.%/(7m(.7, *8B'(7'6%$ ,8"B7O8k @%"%)%m,0@"8)8k /+"%V%m
)8(.'*

!"# B#*1 U'%3#** %+ 2#-%1.%&(7 *#'-.3# .* 1% "#('L 3"(&1L 6%'*".UL /7%'.+)


(&2 8#2.1(1# 6.1" +(.1" %& 1"# &(8#*L +%'8*L W:(7.1.#* (&2 U(*1.8#* %+
MN?O( .& 1"# (**%3.(1.%& %+ 1"# 2#-%1##* %+ MN?O( 1"'%:/" 1"# &.&# +%'8*
%+ B"(51.G
H' <%7(.<0$$3 .8%" (.8 6%)8,9 h0%$7(78,9 %6* (.8 @%,(7)8, '< (.8 J0@"8)8
N'"* 7, O%$$8* 2"%B%V%R H' O.%6( (.8 6%)8, '< (.8 J0@"8)8 N'"* O$8%"$3
%6* <%7(.<0$$3 7, O%$$8* /#"(%6%R [<<8"76= '< :'",.7@%E$8 76="8*786(, :7(.
@"'@8" )%6("%, %<(8" @0"7<376= '68,8$< 7, O%$$8* %"O%6%R ?%"(7%$
"8)8)E"%6O8 '< (.8 6%)8,9 h0%$7(78,9 %6* (.8 @%,(7)8, '< (.8 N'"* 7,
O%$$8* ,)%"%V%)R M.3+6% 7, %6'(.8" :'"* <'" ,)%"%V%R H.8"8 %"8 <7B8
,(%=8, '< ,)%"%V%)k ,)%"%V%)9 *.+"%V%)9 *.3+6%)9 *."0B%60 2)U(79
%6* ,%)+*.7R
?%"(7%$ 86=%=8)86( '< (.8 )76* 7, O%$$8* ,)%"%V%R g7(.*"%:76= (.8
)76* <"') %$$ )%(8"7%$ 'EL8O(, %6* '"*76%"7$3 86=%=76= (.8 )76* '6 (.8
N'"* 7, O%$$8* *.+"%V+R H.76/76= ,@8O7<7O%$$3 %E'0( (.8 6%)8,9 <'"),
8(OR9 '< (.8 N'"* 7, O%$$8* *.3+V%R H.76/76= '< (.8 <'"), '< (.8 N'"*
:7(.'0( 76(8""0@(7'69 L0,( $7/8 % <$': '< 68O(%" 7, O%$$8* *."\B%60;,)U(7R
C'6,(%6( )%67<8,(%(7'6 '< (.8 6%)8,9 <'"),9 h0%$7(78,9 %6* @%,(7)8,
E876= (.8 '6$3 'EL8O( '< )8*7(%(7'6 7, O%$$8* ,%)+*.7R H.8 :'"*
2"%**.+6B7(%9 :.7O. )8%6, a(' E8 86*':8* :7(. <%7(.9c %@@$78, (' %$$ (.8
%E'B8 )86(7'68* <7B8 @"'O8,,8,R

b4
!CD! _

)D@#*% 8A9,/0'-@%91 /1 65B,9' 0%=#-0%=1


%, +' '/'/<'-9)'*+,-*'+)1
1"' B'+' 761?'&9)' 9,4%H' @'*'?, 0'&9)'
0%*),+% ?18'<% &'/% 9<'+)1
.U,#/8m:7(. (.8 ,86,8k ='E76*%;,8E+m,8"B76= (.8 J0@"8)8 N'"*
Q'B76*%k 6+m6'(k @\L7E%m:7$$ :'",.7@k *8B#;*8B+m*8)7='*, %6*
*8)7='*8,,8,k %,P(.7,k +'P'6$3k '/'/<'P06%$$'38*k 9)'*+,P
*8B'(7'6%$ ,8"B7O8k *'+)1P('@7O,k 1"' B'+'P8B8"3(.76= 8$,8k
761?'&9)'PO'6*8)68*k 9,4%H'm@%"(7O0$%"$3k @'*'?,P%$$k 0'&9)'P
@"7*8k 0%*),+%P(' ,88k ?18'<%P<88$,k &'/%P76 (.8 )76*k 9<'+)1P@%76

9 6.77 *#'-# I%-.&2( 6.1" (77 8) *#&*#* (&2 9 6.77 &%1 6%'*".U 2#8./%2*
(&2 /%22#**#*G !".* .* 1"# "./"#*1 U'.&3.U7# %+ 2#-%1.%&(7 *#'-.3#G 477
%1"#' U'%3#**#* ('# *.8U7) B%'& %+ U'.2# (&2 9 +##7 /'#(1 U(.& .& 8) "#('1
B) *##.&/ 1"#8G
[68 ,.'0$* 6'( ,8@%"%(8$3 :'",.7@ '(.8" *8)7='*, ,0O. %, 1'(.8"
?%"B%(# %6* N'"* !7B%9 E0( ,.'0$* ,8"B8 '6$3 !"# Q'B76*% :7(. %$$ .7,
,86,8,R [68_, 86*8%B'0" ,.'0$* '6$3 E8 76 @8"<'")76= KUTV%_, *#"+'/'9
4"'=';' '" *'+)1R

!CD! `

0%)% 9',@% ",65-8';' B'+%*' ,/0",<'-8';'


*%)' *1"' 910)<' /1), )'<'
47/,?% /1 47/' *1;' B1/,?% /1 B1/% 6"1;'
0'U)1,+% /1 61"% /,4.'<'
0%)%P76 (.8 E'*3k 9',@%P"8,7*8k ",65-8';'P(.8 868)78,k B'+%*'P%$$k
,/0",<'-8';'m(.8 ,86,8,k *%)'P%63E'*3k *1"AP'< %63'68 8$,8k
910)<'PO'6("'$$8*k /1),P6'(k )'<'P7,k 47/,?%PE3 .8%"76=k /1P6'(k
47/'P.8%",k *1;'P8%",k B1/,?%P/6':76=k /1m6'(k B1/%m/6':,k
6"1;'P$7<8k 0'U)1,+%P(' *8(8")768k /1P6'(k 61"%PO%6k /,4.'<'P
O'6<7*86O8

b^
!"# *.Y #&#8.#*t 7:*1L (&/#'L /'##2L .77:*.%&L U'.2# (&2 #&-) (&2 1"# +.-#
*#&*#* %+ *./"1L *%:&2L *8#77L 1(*1#L (&2 1%:3" '#*.2# .& 8) B%2) B:1 9 (8
:&(B7# 1% 3%&1'%7 1"#8G 471"%:/" 9 "#(' (&2 :&2#'*1(&2 '#U#(1#27) 1"(1
%&# *"%:72 *#'-# MN?O( 6.1" (77 ".* *#&*#*L *1.77 9 3(&&%1 (33#U1 1".* +(31
6.1" +.'8 2#1#'8.&(1.%&G

!CD! e

*1&' *"A0)' &A)' ?A9)' &'0' &1+@'"B<' 0'&9)'-@')'


@+)1/% @+)1/% /,B5*+' *'",9'
1/'/0' *'", )D0'<' ",65 *'", 6'"1B'<'
'/1<1@% 8A9,/0' 9)'B,9'
*1&'m$0,(k *"A0)'P%6=8"k &A)'P7$$0,7'6k ?A9)'P="88*k &'0'P
@"7*8k &1+@'"B<'P86B3k 0'&9)'-@')'m:7(. B%67(3k @+)1/% @+)1/%P76
(.87" "8,@8O(7B8 @$%O8,k /,B5*+'m86=%=8k *'",9'P:7$$ *'k 1/'/0'P
.%@@768,,k *'",P*'76=k )D0'<'P.8%"(k ",65P(.8 868)78,k *'",P*'k
6'"1B'<'P*8<8%(k '/1<1@%m8%,7$3k 8A9,/0'PN'"* Q'B76*%k 9)'B,9'm
:7$$ :'",.7@R

9 6.77 #&/(/# 7:*1L (&/#'L /'##2L .77:*.%&L #&-) (&2 U'.2# .& 1"#.' U'%U#'
U7(3#*G 9& 1".* 6()L 9 6.77 2#+#(1 1"# #&#8.#* (&2 6.1" #3*1(3) .& 8)
"#('1L 9 6.77 6%'*".U I%-.&2( 6.1"%:1 2.++.3:71)G

!CD! Eg

*DH;' @%=1 *1&1"6'/% *"A0)' 9)'*+'-0a%@,-B'/%


?A9)' @10)7-@'O8% )'",-*'+)1
&A)' ,HC'-?19)'-9,/% &'0' *DH;'-87;'-81/%
/,B5*+' *'",9' B'+)1 +'+)1
*DH;' @%=1m,8"B7O8 (' KUTV%k *1&1"6'/%P86=%=8 $0,(k *"A0)'P%6=8"k
9)'*+'P*8B'(88k 0a%@,-B'/%P86B7'0, @8",'6,k ?A9)'P="88*k @10)7-
@'O8%P76 (.8 %,,'O7%(7'6 '< *8B'(88,k )'",-*'+)1m'@7O, '< P%"7k
&A)'P7$$0,7'6k ,HC'-?19)'P%((%7676=k 9,/%P:7(.'0(k &'0'P@"7*8k
*DH;'PN'"* KUTV%k 87;'-81/%P=$'"7<376= (.8 h0%$7(78,k /,B5*+'P
86=%=8*k *'",9'm:7$$ *'k B'+)1 +'+)1m@"'@8" @$%O8,

bb
9 6.77 #&/(/# 8) 7:*1 .& #(/#'&#** 1% *#'-# MN?O( (&2 9 6.77 :*# 8) (&/#'
(/(.&*1 1"%*# 6"% ('# #&-.%:* %+ 1"# 2#-%1##*G 9 6.77 B# /'##2) 1% "#(' 1"#
1%U.3* %+ H('. .& 1"# (**%3.(1.%& %+ 1"# 2#-%1##*G 9 6.77 B# .77:*.%&#2 .+ 9
+(.7 1% (3".#-# 8) 6%'*".U(B7# ,%'2 (&2 9 6.77 +##7 U'%:2 1% 3"(&1 1"#
/7%'.#* %+ MN?O(G 9& 1".* 6()L 9 6.77 #&/(/# 1"#8 .& 1"#.' '#*U#31.-#
2:1.#*G

!CD! EE

'/<'+)1 @a'+'/+"' *1&' '/'"+)10, B1"' /1&'


9)'*+,-6'+)% @'01 0%<' 9)'O8'
*,91 91 *'",+% 61"% *1&'-*"A0)' @10)'*%"%
B'0, )'<' @10)7-B'/1"' @'O8'
'/<'+)1P'(.8":7,8k @a'+'/+"'m76*8@86*86(k *1&'P$0,(k '/'"+)10,P
06:%6(8* (.76=,k B1"'m:.',8k /1&'P6%)8,k 9)'*+,-6'+)%P'6 (.8
@%(. '< *8B'(7'6%$ ,8"B7O8k @'01P%$:%3,k 0%<'m=7B8,k 9)'O8'm"076,k
*,91P:.%(k 91m8$,8k *'",+% 61"%mO%6 *'k *1&'P$0,(k *"A0)'m%6=8"k
@10)'*%"%m(' (.8 @"%O(7(7'68",k B'0,P7<k )'<'P7,k @10)7-B'/1"'P'<
(.8 *8B'(88,k @'O8'P%,,'O7%(7'6R

\1"#'6.*#L .&2#U#&2#&1 7:*1) 2#*.'#*L 6".3" ('# 1"# *%:'3# %+ (77


:&6(&1#2 1".&/* 6.77 (76()* 2.*1:'B 1"# U(1" %+ 2#-%1.%&(7 *#'-.3#G ^"(1
"('8 3(& 7:*1) 2#*.'#* (&2 (&/#' 2% 1% ( U'(31.%&#' %+ 2#-%1.%&(7 *#'-.3#
.+ "# (**%3.(1#* 6.1" 2#-%1##*c

!CD! EQ

*"A0)' 91 /1 *'"% *,91 *"A0)'-+<'8' @'01 0,91


?A9)' &A)' %, +' *'+)'/'
.)'<' ",65 @'01 )#/' *'",9' &'/%"' '0)#/'
*DH;'.'/0"' *'",<1 @&'"';'
*"A0)'PE3 %6=8"k 91 /1P:.%( 6'(k *'"%P*'8,k *,91P:.%(k *"A0)'P
%6=8"k +<'8'P=7B8 0@k @'01P%$:%3,k 0,91P:7$$ =7B8k ?A9)'P="88*k
&A)'P7$$0,7'6k %,P(.7,k +'P7, %$$k *'+)'/'P'@767'6k .)'<'P,7]k
",65P868)78,k @'01P%$:%3,k )#/'P76<8"7'"k *'",9'm:7$$ *'k

bn
&'/%"'P'< (.8 )76*k '0)#/'P06*8" (.8 O'6("'$k *DH;'.'/0"'PN'"*
KUTV%k *'",<1 @&'"';'PE3 "8)8)E8"76=R

4&/#' *U%.7* #-#')1".&/G !"#'#+%'#L 9 6.77 (76()* /.-# :U (&/#'L /'##2 (&2
.77:*.%&G 9 6.77 3%&1'%7 1"# *.Y #&#8.#* 6.1" 1"# "#7U %+ 8) 8.&2 6".7#
'#8#8B#'.&/ ,%'2 MN?O(G
W'$$':76= (.8 B8",8 76 (.8 ()'8'='0-8#+1 oRYb9 &1& %=' <% 6"'6'0<'/+%
&1<'& %+1: +'"'/+, +%2 '68 ,.'0$* "8)8)E8" KUTV% %6* E"76= (.8,8
868)78, 06*8" O'6("'$R

!CD! ES

16'/, 61?19% @'9' 47/,<1 8A9,/0' "'9'


@,:)'-"'9% B%/' *'",-8';'
@'*'?, =,6'++, B19% &')1/'/0' @5*)' 619%
B1"' )'<' %*1O+' 9)'B'/'
16'/,m%0(')%(7O%$$3k 61?19%m"06 %:%3k @'9'P%$$k 47/,<1PE3 .8%"76=k
8A9,/0'PN'"* Q'B76*%k "'9'P,'06*k @,:)'-"'9%PE3 (.8 ,'06* '< %
$7'6k B%/'mL0,( %,k *'",-8';'P*88",k @'*'?,P%$$k =,6'++,P*%6=8",k
B19%m:7$$ B%6h07,.k &')1/'/0'P="8%( @$8%,0"8k @5*)'P.%@@768,,k
619%P:7$$k B1"'P:.'k )'<'P7,k %*1O+'P06%$$'38*k 9)'B'/'P:'",.7@R

477 1"# #&#8.#* 6.77 ':& (6() B) "#('.&/ 1"# *%:&2 -.B'(1.%& %+
I%-.&2(P* &(8# o:*1 (* ( 2##' +7## :U%& "#('.&/ 1"# '%(' %+ ( 7.%&G \&#
6"% U#'+%'8* :&(77%)#2 2#-%1.%&(7 *#'-.3# 6.77 +##7 /'#(1 "(UU.&#** (&2
(77 ".* 2(&/#'* 6.77 B# -(&W:.*"#2G

!CD! EV

/1 *'",)' '@'+-.%HC' ?19)' 65B1 6"'+,HC)'


@'01 .,/+' 8A9,/0'-.'"';'
@'*'?# =,6'++, B19% &')1/'/0' @5*)' 619%
6"%&'-9)'*+, 6'"'&'-*1"';'
/1P6'(k *'",)'P*'k '@'+P7$$k .%HC'm86*8%B'0"k ?19)'P@"'<7(k 65B1P
%*'"%(7'6k 6"'+,HC)'P*7,(76O(7'6k @'0'P%$:%3,k .,/+'P"8)8)E8"k

bZ
8A9,/0'-.'"';'m$'(0, <88( '< Q'B76*%k @'*'?#P%$$k =,6'++,P*%6=8"k
B19%P:7$$ ='F &')1/'/0'P8O,(%O3k @5*)'P.%@@3k 619%P:7$$ "8O87B8k
6"%&'-9)'*+,m$'B76= *8B'(7'6%$ ,8"B7O8k 6'"'&'P,0@"8)8k *1"';'P
@"'O8,,R

!"#'#+%'# 8) 2#(' 8.&2L 2% &%1 #&2#(-%:' +%' B(2 (**%3.(1.%&L U'%+.1L


(2%'(1.%& (&2 2.*1.&31.%&L B:1 (76()* '#8#8B#' 1"# 7%1:* +##1 %+ I%-.&2(G
A7#(*# #&/(/# .& 7%-.&/ 2#-%1.%&(7 *#'-.3# 6.1" /'#(1 "(UU.&#** (&2 (77
)%:' 2(&/#'* 6.77 B# 2#*1'%)#2G

!CD! EZ

'@'+-*",<' *7C,/1C, .)1U' '/<' 6'",61C#


'/<' 0%9% /1 *'",)' "'+,
16'/' 16'/' @+)1/% 6,"#+, @'9)1<' C'/%
9)'*+,-6'+)% 6'U'<% 9,8'+,
'@'+-*",<'m,76<0$ %O(7B7(78,k *7C,/1C,P*0@$7O7(3k .)1U'P=7B8 0@k
'/<'P'(.8"k 6'",61C#PE'*7$3 O%"8k '/<' 0%9%P(' '(.8" *8)7='*,k /1P
6'(k *'",)'P*'k "'+,P%((%O.)86(k 16'/' 16'/'P"8,@8O(7B8k @+)1/%P
@$%O8,k 6,"#+,P$'B8k @'9)1<'P%$$k C'/%P%(("%O(,k 9)'*+,-6'+)%P'6 (.8
@%(. '< *8B'(7'6k 6'U'<%m.%@@86,k 9,8'+,PO.8O/8*R

A7#(*# /.-# :U (77 2:U7.3.1)L .77:*%') (31.-.1.#* (&2 1"# *#('3" +%' B%2.7)
"(UU.&#**G 0% &%1 B# (11(3"#2 1% 1"# 6%'*".U %+ -('.%:* 2#8./%2*G
$:&2(&# 7%-# (&2 (++#31.%& +%' 8(1#'.(7 '#7(1.%&*".U* (11'(31* #-#')%&# 1%
1"#.' '#*U#31.-# .77:*.%&* (&2 1":* (2-(&3#8#&1 %& 1"# U(1" %+ 2#-%1.%&(7
*#'-.3# .* 3"#35#2G
H.8 :'"*, '@'+-*",<' 76*7O%(8 (.%( 8B86 %<(8" "86'06O76= 86=%=8)86( 76
7""8$7=7'0, %O(7B7(78,9 (.8,8 <'$$':76= %O(7B7(78, :7$$ ,(7$$ )%/8 '68
76O%@%E$8 '< <'$$':76= (.8 @%(. '< 9)'*+,R T'9)1<' "8<8", (' %$$ @8'@$8R

!CD! E]
&%7Tt.7/% G.%L%6%

K.Y#2 0#-%1.%&(7 [#'-.3#

bo
16'/' 9)'B'/'-6'+)' +')% )'9% '/5"'+'
,HC'-0%='-@+)1/%-?#?1-81;'
/',HC),*' 9)'B'/' %, +A&1"% *'),/5 9)1,
)'/7&1/ +1)1+% 6"'&1/'
16'/'m'68_, ':6k 9)'B'/'-6'+)'P(.8 @%(. '< :'",.7@k +')%P76 (.%(k
)'9%P:7$$ E8k '/5"'+'P%((%O.8*k ,HC'-0%='P:'",.7@%E$8 N'"*k
@+)1/%P76 (.8 @$%O8k ?#?1-81;'P,76= (.8 @%,(7)8,k /',HC),*'P<7]8*k
9)'B'/'P:'",.7@k %,P(.7,k +A&1"%P(' 3'0k *'),/5P,@8%/76=k 9)1,P
[ E"'(.8"k )'/7&1/P!"# P%60)+6k +1)1+%P76 (.%(k 6"'&1;'P
8]%)@$8

\ 2#(' B'%1"#'L 8) 8.&2L B# 3%&1.&:%:*7) #&/(/#2 %& 1"# U(1" %+


2#-%1.%&(7 6%'*".U (&2 B# (11(3"#2 1% /7%'.+).&/ 1"# U(*1.8#* %+ ;'< MN?O(
.& qN&2>-(&(G !".* U'%3#** %+ 2#-%1.%&(7 *#'-.3# .* 5&%6& (* *1#(2)
2#-%1.%&(7 *#'-.3#G !"# U'.8# #Y(8U7# %+ 1".* .* H(&:8>&G

!CD! E_

4"#/1+)% B1/'*#-/1+)%
.19)%0'> 6'"'&1+&'/,
+'+)16, &'&' @'"='@=':
"1&'> *'&'?'-?A.'/'>
4"#/1+)%P(.8 N'"* '< N%/T)7k B1/'*#-/1+)%P(.8 N'"* '< J#(+k .'P%$,'k
'9)%0'>P6' *7<<8"86O8k 6'"'&1+&'/,PJ0@8",'0$k +'+)16,P,(7$$k
&'&'m)3k @'"='@=':P%$$ 76 %$$k "1&'>PN'"* 5%)%O%6*"%k *'&'?'-
?A.'/'>P$'(0, 838*

4* *U%5#& B) ['. H(&:8>&L b471"%:/" ;'< =>'>)(O(L 1"# H:*B(&2 %+


,(5?8<2#-< (&2 ;'< f>8(L 1"# H:*B(&2 %+ [<1(2#-< ('# B%1" 1"#
[:U#'*%:7L *1.77 1"# 7%1:*i#)#2 ;'< f>8( .* 8) (77 .& (77Gd
H.8"8 7, 6' *7<<8"86O8 E8(:886 !"# &+"+3%V%9 (.8 N'"* '< N%/T)#*8B#9
%6* !"# 5+)%O%6*"%9 (.8 P0,E%6* '< J#(+*8B#R G8O%0,8 E'(. '< H.8)
%"8 (.8 J0@"8)8 ?8",'6%$7(3 '< Q'*.8%*9 (.8 '68 J0@"8)8 J'0$R J(7$$9
)3 $'(0,;838* N'"* 5+)%O%6*"% 7, 8B8"3(.76= (' )8R g7(.'0( P7)9
6'(.76= 7, '< %63 B%$08 <'" )8R

bq
G3 (.7, B8",89 (.8 *8*7O%(7'6 a'='0),+='&c (' '68_, ':6 *8,7"8* 'EL8O( 7,
E876= ,.':6R [='0),+='& )8%6, $7)7(%(7'6R

!CD! E`

0%='?A*' 6,+D?A*' 61<' +1"1- &')1-@5*)'


@10)7 @10)7 9'?% '/5*H'/'
B58'?' 9)'B'/' B1"1 6"%&1/'/0% 9)1@% +1"1
+",9)59'/'+1O0%"' /,.)'/,
0%='?A*'P.8%B86$3 @$%68(,k 6,+D?A*'P(.8 @$%68(, '< (.8 %6O8,('",k
61<'P"8O87B8k +1"1P(.83k &')1-@5*)'m="8%( .%@@768,,k @10)5m
@10)5P:8$$ *'689 :8$$ *'68k 9'?%P%**"8,,8*k '/5*H'/'m%$:%3,k
B58'?'-9)'B'/'P:'",.7@ '< (.8 M7B768 C'0@$8k B1O"1P(.',8k
6"%&1/'/0%P76 (.8 'O8%6 '< $'B8k 9)1@%P<$'%(k +1"1m(.83k
+",9)59'/'P(.8 (."88 :'"$*,k +1O0%"'P'< .7,k /,.)'/,P76,7=67<7O%6(R

!"%*# 6"% 6%'*".U !"#.' 0.-.&# ,%'2*".U* ;'< ;'< f>2">iMN?O(L +7%(1 .&
1"# %3#(& %+ #3*1(1.3 7%-#L (&2 1"# .&"(B.1(&1* %+ (77 1"# 1"'## 6%'72*
6%'*".U *:3" U#'*%&*G !"# 2#8./%2* (&2 1"# +%'#+(1"#'* B#3%8# /'#(17)
U7#(*#2 (&2 *"%6#' 1"#.' B7#**.&/* *().&/L b6#77 2%&#L 6#77 2%&#Gd
H.8 *'0E( )%3 %"7,8 (.%( 7< '68 )0,( =7B8 0@ (.8 :'",.7@ '< *8)7='*,9
(.86 .': O%6 '68 "8@%3 (.8 *8E(, ':8* (' (.8 *8)7='*,9 (.8 ,%=8, %6*
(.8 <'"8<%(.8",i S6 '"*8" (' "8)'B8 (.7, *'0E(9 !"#$% &%"'((%)% *+,%
-.+/0"% 7, ,%376= .8"8 (.%( '68 :.' :'",.7@, !"# KUTV%9 =7B76= 0@ (.8
:'",.7@ '< (.8 *8)7='*,9 %O(0%$$3 @$8%,8, (.8 *8)7='*, %6* <'"8<%(.8",
:7(. (.7, 06%$$'38* *8B'(7'6%$ ,8"B7O8R J0O. % *8B'(88 6' $'6=8" E8O')8
76*8E(8* (' %63'689 L0,( %, 7< '68 :%(8", (.8 "''( '< % ("889 %$$ (.8
E"%6O.8,9 ,0E;E"%6O.8,9 $8%B8,9 (:7=,9 %6* E0*, %"8 %$$ %0(')%(7O%$$3
6'0"7,.8*R J7)7$%"$39 7< '68 :'",.7@, !"# KUTV%9 :.' 7, (.8 ,0@"8)8
,.8$(8"9 %$$ (.8 *8)7='*,9 ,%=8,9 %6* (.8 <'"8<%(.8", %"8 %0(')%(7O%$$3
,%(7,<78*R H.8 <'"8<%(.8", *%6O8 L0E7$%6($3 %6* ,%39 aN''/9 (.8"8 7, %
*8B'(88 '< KUTV% E'"6 76 )3 <%)7$3R P8 :7$$ *8$7B8" 0,cR /D+<'/+, 6#+'"'>
@'"=% /D+<'/+, .' 6#+1&')1> &'0=':@% =',H;'=A RB1+'> @' &% +"1+1
9)'=,@<'+,3

bX
!CD! Ee

6D+)'* 191@'-BA8% 05>*'&'<'-=,H'<'-9)18%


9"'B' 91@' 8A9,/0'-@%='/'
*DH;'-*'+)1 *DH;'-/1&' @'+<'-@'+<' "'@'-0)1&'
9"'B'-?A*'-@'O8% '/5*H';'3
6D+)'*m,8@%"%(8k 191@'-BA8%m"8,7*8 76k 05>*'&'<'m<0$$ '< )7,8"3k
=,H'<'-9)18%m)%(8"7%$ 86L'3)86(,k 9"'B'm76 G"%L%k 91@'m"8,7*8k
8A9,/0'-@%='/'m,8"B7O8 (' !"# Q'B76*%k *DH;'-*'+)1m('@7O, '< N'"*
KUTV%k *DH;'-/1&'m(.8 .'$3 6%)8, '< KUTV%k @'+<'-@'+<'m("0$$3k "'@'-
0)1&'m(.8 %E'*8 '< ("%6,O8*86(%$ E$7,,k 9"'B'-?A*'-@'O8%m76 (.8
%,,'O7%(7'6 '< (.8 "8,7*86(, '< G"%L%k '/5*H';'mO'6,(%6($3

\&# *"%:72 &%1 '#*.2# .& %'2.&(') U7(3#* (&2 #&o%) 8(1#'.(7 %Bo#31* 6".3"
('# +:77 %+ 8.*#'.#*L B:1 *"%:72 7.-# .& h'(o( (&2 *#'-# ;'< I%-.&2(G !"#
&(8#* (&2 1%U.3* %+ ;'< MN?O( ('# (31:(77) 1"# '#*#'-%.' %+ (77 U7#(*:'#*
(&2 %&# *"%:72 3%&*1(&17) /7%'.+) !"#8 .& 1"# (**%3.(1.%& %+ 1"# '#*.2#&1*
%+ h'(o(G
H.8 :'"* 191@'-BA8% )8%6 (' E07$* "8,7*86O8R D$$ @$%O8, E8,7*8 G"%L% %"8
)06*%68R g.8"8B8" )%(8"7%$ 86L'3)86(, %"8 %B%7$%E$89 (.8"8 7, (.8
@"8,86O8 '< (.8 )'*8, '< )%(8"7%$ 6%(0"8 %6* .86O8 )7,8"3R S< '68
"8,7*8, 76 @$%O8, '(.8" (.%6 G"%L%9 '68 :7$$ %0(')%(7O%$$3 ,0<<8" )7,8"%E$8
)%(8"7%$ $7<8R G0( 7< '68 "8,7*8, 76 G"%L%9 (.86 '68 )%3 .%@@7$3 :'",.7@
(.8 $'(0, <88( '< Q'B76*%R S< '68 7, 06%E$8 (' @8",'6%$$3 "8,7*8 76 G"%L%9
(.86 '68 )%3 )86(%$$3 *' ,'9 %6* (.8"8E3 %((%76 (.8 .%@@768,, '<
:'",.7@76= KUTV%R P':8B8"9 7< '68 "8,7*8, 76 G"%L% E0( *'8, 6'( :'",.7@
(.8 $'(0, <88( '< !"# Q'B76*%9 (.86 '68 :7$$ 6'( %O.78B8 %63 .%@@768,,
<"') "8,7*76= 76 G"%L%R S6 (.7, O'668O(7'69 !"#$% KUTV%*+,% K%B#"+L%
Q',B+)# .%, ,(%(8* 76 (.8 <'$$':76= B8",8I

!CD! Qg

=D/01='/% *,&'+)'=1/,B' &'/0,"' =1


*1"18D)% *,&'+)'=1 *'/'*'@'/% =1
#/0"'& B'B% *,&'+)'=1 /'"'*': 9)'B1&,

ns
4"# *DH;'-@%='/1&D+' /' @7*)': *'016,
=D/01='/%m76 AU6*+B%6k *,&'+)'=1m'"k /,B' &'/0,"'m':6 .'0,8k
=1m'"k *1"18D)%m76 @"7,'6k *,&'+)'=1m'"k *'/'*'@'/%P'6 % ='$*86
(."'68k =1m'"k #/0"'&P(.8 @',( '< S6*"%k B'B%m%:%"*8*k *,&'+)'=1m
'"k /'"'*':m76 (.8 .8$$k 9)'B1&,m"8%O.k 4"# *DH;'mN'"* KUTV%k
@%='/1&D+'m(.8 68O(%" '< (.7, ,8"B7O8k /'m6'(k @7*)':m.%@@768,,k
*'016,m8B8"

u^"#1"#' 9 7.-# .& qN&2>-(&( %' (1 "%8#L 6"#1"#' 9 7.-# .& 1"# U'.*%& %'
9 *.1 %& ( /%72#& 1"'%&#L 6"#1"#' 9 (8 (6('2#2 1"# U%*1 %+ 9&2'( %' /% 1%
"#77L 1"#'# .* &% "(UU.&#** (&)6"#'# 6.1"%:1 1"# 6%'*".U %+ MN?O(Gu
S< '68 O'6,(%6($3 "8,7*8, 76 G"%L% %6* .8%", %6* O.%6(, %E'0( (.8 6%)8,
%6* @%,(7)8, '< !"# KUTV%9 :7(. (.8 "8,7*86(, '< G"%L%9 (.86 .8 O8"(%76$3
"8O87B8, ("%6,O86*86(%$ E$7,,R S6 '(.8" :'"*,9 7( 7, (.8 ,'0"O8 '< (.8
.7=.8,( @$8%,0"8R

!CD! QE

@'01 @%91-'9),?1H' &'/% *'", 9,4A<1@'


@'"9'*)1<' )',<1 /,"9)'<'
/'"A++'&' 01@' 9A?% 6'U,/5 '@'+-9)A?%
6'",+"1;' *'"' &')14'<'
@'01m%$:%3,k @%91P,8"B7O8k '9),?1H'P*8,7"8k &'/% *'",P76 (.8 )76*k
9,4A<1@' :7(. <%7(.k @'"9'*)1<'mE3 %$$ "8,@8O(,k )',<1PE876=k
/,"9)'<'P<8%"$8,,k /'"A++'&' 01@'P&%"'((%)% *+,%k 9A?%P,%3,k
6'U,/5P<8$$k '@'+-9)A?%P76 (.8 <%$,8 O'6O8@(7'6k 6'",+"1;'P*8$7B8"k
*'"'P@$8%,8 *'k &')14'<'P[ N'"*R

9& 8) 8.&2L 6.1" +.'8 +(.1" (&2 +#('7#**&#**L 9 (76()* 2#*.'# 1"# *#'-.3#
%+ !"#.' ,%'2*".U* .& (77 '#*U#31*G =('%11(8( 2>*( U'()*L b\ ;'< MN?O(L
8%*1 8#'3.+:7 ,%'2n 9 "(-# +(77#& .&1% 8.*#'(B7# 8(1#'.(7 .77:*.%&L U7#(*#
2#7.-#' 8#Gd
H.8 :'"* =,4A<1@' )8%6, =,4='@' '" <%7(.R K88@76= <7") <%7(. 76 (.8
%E'B8 ,(%(8)86(,9 '68 ,.'0$* (%/8 ,.8$(8" '< (.8 $'(0, <88( '< N'"* KUTV%
E3 %$$ )8%6, %6* $7B8 <8%"$8,,$3 :7(. (.8 "8,7*86(, '< G"%L% :.7$8

nY
O'6,(%6($3 *8,7"76= (.8 ,8"B7O8 '< !"# KUTV%R H.8 :'"* &')14'<' )8%6,
a[. !"# KUTV%Rc

R"(U1#' !"'##p
j18(i&.-#2(&(

[#7+ [:''#&2#'

!CD! E

+5&, +' 0'<1"' @,/0)5 '0)'&'-B'/1"' 9'/0)7


&A"% 6"'9)7 *'"' '9'0)1/'
6'U,/1 '@'+-9)A?% *1&'-+,&,O8,?% 8,?%
% /1+)' *'"' 6'",+"1;'
+5&,m3'0k +'P%"8k 0'<1"'P'< )8"O3k @,/0)5m'O8%6k '0)'&'P<%$$86k
B'/1"'P@8",'6k 9'/0)7P<"786*k &A"%P(' )8k 6"'9)7P[ N'"*k *'"'
'9'0)1/'P=$%6O8k 6'U,/1P<8$$k '@'+-9)A?%m76 (.8 )7,O'6O8@(7'6k
*1&'P$0,(k +,&,O8,?%P:.%$8k 8,?%P,:%$$':k % /1+)'P[ N'"*k *'"'
6'",+"1;'P@"'(8O( )8R

\ ,%'2L r%: ('# 1"# %3#(& %+ 8#'3)L 1"# +'.#&2 %+ 1"# U%%'G A7#(*#
8#'3.+:77) /7(&3# 1%6('2* 8#G 9 "(-# +(77#& .&1% 1"# %3#(& %+ .77:*.%&
6"#'# 6"(7#* .& 1"# +%'8 %+ 7:*1 ('# 1').&/ 1% *6(77%6 8#G A7#(*# U'%1#31
8#L \ ,%'2n

!CD! Q

B1='+ B'/'&' &A"' '6'"'0)% )',/5 9)A"'


/,@*'6'C% /1 9)'B,/5 +A&1
+'+)16, )' +5&, 8'+, /1 .)'U,)' 6"1;'-6'+,
&5E, @'&' /1),*' '0)'&1

n4
B1='+P%, $'6= %,k B'/'&'PE7"(.k &A"'P)768k '6'"'0)%P:7(.
'<<86,8,k )',/5mE8O%)8k 9)A"'m<7$$8* :7(.k /,@*'6'C%P:7(.'0(
*0@$7O7(3k /1P6'(k 9)'B,/5P:'",.7@k +A&1P3'0k +'+)16,-)'P
68B8"(.8$8,,k +5&,P3'0k 8'+,P*8,(76%(7'6k /1P6'(k .)'U,)'P$8%B8k
6"1;'-6'+,PN'"* '< )3 $7<8k &5E,P)8k @'&'P8h0%$k /1),*'P6'(k
'0)'&1P<%$$86R

[.&3# 8) B.'1"L 9 "(-# 3%88.11#2 :&7.8.1#2 %++#&*#* (&2 "(-# &%1


6%'*".U#2 r%: 6.1"%:1 2:U7.3.1)G =#-#'1"#7#**L r%: ('# 8) %&7) *"#71#'G
\ ,%'2 %+ 8) 7.+#L U7#(*# 2% &%1 &#/7#31 8#L 1"#'# .* &%&# 8%'# +(77#&
1"(& 8#G

!CD! S

6'+,+'-619'/' /1&' 8)AH';1 +A&1"' 4<1&'


76%*),?% /1), &A"' 8'+,
B'0, )', '6'"10)# +'+)16,)' +5&, 8'+,
@'+<' @'+<' B%/' @'+# 6'+,
6'+,+'-619'/'P*8$7B8"8" '< (.8 <%$$86 ,'0$,k /1&'P.'$3 6%)8,k
8)AH';1P*8$7B8"8",k +A&1"'Pw'0"k 4<1&'PN'"* KUTV%k 76%*),?%m7<
w'0 68=$8O(k /1),P6'(k &A"'P)768k 8'+,P,.8$(8"k B'0,P7<k )',PE8k
'6'"10)#P'<<86*8"k +'+)16,)'P38(k +5&,Pw'0k 8'+,P*8,(76%(7'6k @'+<'
@'+<'P("0$3k B%/'P%,k @'+#PO.%,(8k 6'+,P.0,E%6*R

\ ,%'2 ;)>8(*:&2('(L r%: ('# 5&%6& (* 1"# *(-.%:' %+ 1"# +(77#&G 9+ r%:
&#/7#31 8#L 9 "(-# &% (71#'&(1.-#G C-#& .+ 9 B# (& %++#&2#'L r%: ('# 8)
%&7) "%U#L o:*1 (* 1"# ":*B(&2 .* 1"# %&7) "%U# +%' ( 3"(*1# 6.+#G

!CD! V

+5&, +' 6'"'&' 0%91 /1), &A"% 76%*),91


47/' 47/' 6"1;%"' #4='"'
B'0, *'"A/ '6'"10)' +'+)16,)' +5&, /1+)'
@%91 0,<1 *'"' '/5.'"'
+5&, +'Pw'0 %"8k 6'"'&' 0%91PJ0@"8)8 N'"*k /1),P6'(k &A"%P)8k

n^
76%*),91P:7$$ 68=$8O(k 47/' 47/'P@$8%,8 .8%"k 6"1;%"' #4='"'P[ N'"*
'< )3 $7<8k B'0,P7<k *'"A/P*'k '6'"10)'P'<<86,8k +'+)16,)'P,(7$$k
+5&,Pw'0k /1+)'PN'"*k @%91P,8"B7O8k 0,<1mE3 =7B76=k *'"'P)%/8k
'/5.'"'P,8"B%6(R

\ ,%'2 %+ 8) "#('1L U7#(*# "#(' 8) U'()#'G r%: ('# 1"# [:U'#8# ,%'2G
A7#(*# 2% &%1 '#o#31 8#G C-#& .+ 9 3%88.1 %++#&*#*L *1.77 r%: ('# 8) %&7)
U'%1#31%'G A7#(*# /.-# 8# *%8# .&*./&.+.3(&1 *#'-.3# (&2 3%&*.2#' 8# r%:'
%6& *#'-(&1G

!CD! Z

*1&% &A"' )'+' .,+' /1), B1/% /,B' ),+'


&'/%"' /1 8)5.% 07"91@'/1
&A"% /1+)' 'O8# *5"5 +7&, 91E.)'-*'?6'-+'"5
*'"5;1 0%*)5*' @'"9'-B'/1
*1&%P:7(. $0,(k &A"'P)768k )'+'P@78"O8*k .,+'P.8%"(k /1),P*'
6'(k B1/%P/6':,k /,B'P':6k ),+'PE868<7(k &'/%"'P'< (.8 )76*k
/1P6'(k 8)5.%PB%6h07,.k 07"91@'/1P)%(8"7%$ *8,7"8,k &A"%P(' )8k
/1+)'P' )3 N'"*k 'O8# *5"5P%OO8@( )8k +7&,Pw'0k 91E.)'P*8,7"8k
*'?6'-+'"5P:7,. <0$<7$$76= ("88k *'"5;1P)8"O3k 0%*)5*'P$8( (.8) E8k
@'"9'-B'/1P8B8"3'68

$) "#('1 .* U.#'3#2 B) 7:*1) 2#*.'#* (&2 *% 9 2% &%1 5&%6 6"(1 .*


B#&#+.3.(7 +%' 8#G 9 3(&&%1 -(&W:.*" 1"# 8(1#'.(7 2#*.'#* .& 8) U%77:1#2
8.&2G \ 8) ,%'2L r%: ('# 1"# 6.*" +:7+.77.&/ 2#*.'# 1'##G A7#(*# (33#U1
(&2 U:'.+) 8# (&2 7#1 #-#')%&# *## r%:' 8#'3)G

!CD! ]

&A-@'&' 6'+,+' /1, +",9)5='/% 0%*)' .1,


/'"A++'&'-61='/' /1&' 0)'"'
8)5H5*' @':@1"% /1&' 6'+,+'-61='/' 4<1&'
/,B'-01@' *'"' 8,",0)'"'
&A-@'&'P$7/8 )8k 6'+,+'P<%$$86k /1,P6'(k +",9)5='/%P76 (.8 (."88

nb
:'"$*,k 0%*)'P$''/k .1,PO%"8<0$$3k /'"A++'&'-61='/'P*8$7B8"8" '<
&%"'((%)% *+,%k /1&'P6%)8k 0)'"'P(' E8 /6':6k 8)5H5*'P$8( 7( E8k
@':@1"%P76 (.8 :'"$*k /1&'P.'$3 6%)8,k 6'+,+'-61='/' 4<1&'PN'"*
!3+)%,06*%"% 7, (.8 *8$7B8"8" '< (.8 <%$$86k /,B'P':6k 01@'P,8"B%6(k
*'"'P)%/8 )8k 8,",0)'"'P[ $7<(8" '< Q'B%"*.%6% P7$$R

\ 8) ,%'2L U7#(*# 7%%5 1"'%:/"%:1 1"# 1"'## 6%'72*L 1"#'# .* &% %&# 8%'#
+(77#& 1"(& 8#G h# 3#7#B'(1#2 (* b1"# 2#7.-#'#' %+ =('%11(8(Gd
!"'%:/"%:1 1"# 1"'## 6%'72* %+ B.'1" (&2 2#(1"L 7#1 .1 B# 5&%6& 1"(1
,%'2 ;)>8(*:&2('( .* 1"# 2#7.-#'#' %+ 1"# +(77#& *%:7*G !"#'#+%'#L \
I.'.2"('.L 8(5# 8# r%:' %6& *#'-(&1G

!CD! _

/'"A++'&' 9'U' 05>*)# /1+)' &A"% *'"' @5*)#


+A&1"' 9)'B'/' @'O*#"+'/%
'/+'"1<' /1), B1<' %, +' 6'"'&' 9)'<'
/,=%0'/' *'"AO '/5*H'/'
/'"A++'&'P&%"'((%)% *+,%k 9'U'PB8"3 )0O.k 05>*)#P06.%@@3k
/1+)'P[ N'"*k &A"%P)8k *'"'P)%/8k @5*)#P.%@@3k +A&1"'Pw'0"k
9)'B'/'P:'",.7@k @'O*#"+'/%P76 (.8 <'") '< O'6="8=%(7'6%$ O.%6(76=k
'O+'"1<'P'E,(%O$8,k /1),P6'(k B1<'P='8,k %, +'P(.7, 7, (.8k 6'"'&'
9)'<'m="8%( <8%"k /,=%0'/'P@"%3k *'"AOP*'k '/5*H'/'mO'6,(%6($3R

\ ,%'2L =('%11(8( .* -#') :&"(UU)G A7#(*# 8(5# 8# "(UU) B) .&*U.'.&/


8# 1% U#'+%'8 *(J5<'1(&(G $) /'#(1#*1 +#(' .* 1"(1 9 6.77 &%1 B# (B7# 1%
*:'U(** 1"# .8U#2.8#&1* %& 1"# U(1" %+ 2#-%1.%&(7 *#'-.3#G H#&3#L 9 U'()
1% r%: 3%&*1(&17)G
[/+'"1<1 )8%6, (.8 7)@8*7)86(, '6 (.8 @%(. '< *8B'(7'6%$ ,8"B7O8 76
(.8 <'") '< *88@ %E,'"@(7'6 76 E'*7$3 %O(7B7(78,9 8(OR

R"(U1#' K%:'p
r:/(7(iB"(o(&(i&.?@"(

nn
v&2.-.2#2 [#'-.3# 1% 1"# 0.-.&# R%:U7#

!CD! E

1/' *'+)1 1/' 9<'+)1 /1), B%/' B1E' +'+)1


+A&1"' .'"';' @&D+,-@1B)%
'9,"'+' '9,*'?' +5<1 87;' *'?'-*'?'
81, B%/' @'+%"' @'&1B)%
1/' *'+)1m)06*%68 ('@7O,k 1/' 9<'+)1P)06*%68 @%76,k /1),P*'
6'(k B%/'m)%3k B1E'm='k +'+)1m(.8"8k +A&1"'mw'0"k .'"';' @&D+,P
"8)8)E8"76= (.8 $'(0, <88(k @1B)%P*8O'"%(8k '9,"'+'P:7(.'0(
76(8""0@(7'6k '9,*'?'P@"'@8"$3k +5<1Pw'0"k 87;'Ph0%$7(78,k *'?'-
*'?'P=$'"7<3k 81,PO.%6(k B%/'P)%3 Sk @'+%"'P'< (.8 *8B'(88,k
@'&1B)%P76 (.8 ,'O78(3

^"#'#-#' 1"#'# ('# 2.*3:**.%&* %& 8:&2(&# 1%U.3*L U(.&* (&2 U7#(*:'#*L
8() 9 '#*1'(.& 8)*#7+ +'%8 /%.&/ 1"#'#G ,#1 1"# '#8#8B#'(&3# %+ r%:'
7%1:* +##1 2#3%'(1# 8) "#('1G $() 9 U'%U#'7) 3"(&1 r%:' 1'(&*3#&2#&1(7
W:(7.1.#* :&3#(*.&/7) .& 1"# *%3.#1) %+ 2#-%1##*G
g.8"8 (.8"8 %"8 '(.8" (%$/,9 (.8"8 7, %6]78(3 %6* %6=07,.9 %6* S ,.%$$ 6'(
=' (' ,0O. % @$%O8R

!CD! Q

'/<'-9"'+' '/<'-01/' /1), *'"AO 9'@+7-BE1/'


'/<'-@%91 '/<'-0%9'-65B1
)1 )1 *DH;' 9'?, 9'?, 9%U1O' 1/'/0' *'",
&'/% &A"' /')% B%/' 05B1
'/<'-9"'+'P'(.8" B':,k '/<'-01/'P'(.8" O.%"7(78,k /1),P6'(k
*'"AOP*'k 9'@+7P<%O('"k BE1/'mO'6,7*8"k '/<'-@%91P,8"B76= '(.8",k
'/<'-0%9'-65B'P:'",.7@76= (.8 *8)7*='*,k )1 )1 *DH;'P[ N'"*
KUTV%k 9'?, 9'?,PO.%6(76=k 9%U1O'P:'6*8"k 1/'/0' *'",P.%@@7$3k
&'/%m76 (.8 )76*k &A"'P)768k /')%P*' 6'(k B%/'m)%3 Sk 05B1P
*0%$7(3R

nZ
9 6.77 &%1 /.-# (&) .8U%'1(&3# 1% %B*#'-.&/ -%6*L /.-.&/ .& 3"('.1)L
*#'-.&/ 8(1#'.(7.*1.3 U#%U7# (&2 6%'*".UU.&/ 2#8./%2*G ^.1"%:1 (&) %1"#'
1"%:/"1L 9 6.77 '%(8 (B%:1 .& B7.**L 3(77.&/ %:1 b\ MN?O(L \ MN?O(nd
[/<'-9"'+' 76*7O%(8, 'E,8"B76= '(.8" B':, <'" (.8 <0$<7$$)86(, '<
)%(8"7%$ *8,7"8, 76,(8%* '< 'E,8"B76= =',H;'=' ="'+'@ ,0O. %, %*10'4,2 8(OR
[/<'0'/' "8<8", (' =7B76= O.%"7(3 :7(.'0( (.8 @0"@',8 '< @$8%,76= KUTV%
'" (.8 A%7TV%B%,R [68 ,.'0$* O'6,7*8" (.8 ,O786O8 '< KUTV%9 *8B'(7'6%$
,8"B7O8 (' KUTV%9 %6* ,8"B7('",.7@ '< KUTV%9 %, /6':$8*=8R D@%"( <"')
(.8,89 7)@8",'6%$ /6':$8*=8 '" /6':$8*=8 "8=%"*76= '68_, E'*3 '" 76
"8$%(7'6,.7@ (' (.8 E'*3 %"8 7=6'"%6O8R c5B1 )8%6, (' E8 *'0E(<0$R

!CD! S

B#9'/% &'"';% 8'+, "10)1-*DH;' 6"1;'-6'+,


05O)1"' 6,"#+,-"'@'-@5*)%
B58'?' 9)'B'/' B1O"1 6"%&1/'/0' 9)1@% +1"1
%, *'+)1 "')7 &A"' 95*%
B#9'/% &'"';%m76 $7<8 %6* *8%(.k 8'+,P*8,(76%(7'6k "10)1-*DH;'PN'"*
KUTV% %6* !"# 5+*.+k 6"1;'-6'+,P$7<8 %6* ,'0$k 05O)1"'mE'(.k 6,"#+,-
"'@'P$'B76= )8$$':,k @5*)%P:7(. .%@@768,,k B58'?'PM7B768 C'0@$8k
9)'B'/'P:'",.7@k B1O"1P(.',8k 6"%&1/'/0'P:7(. 8O,(%(7O $'B8k
9)1@%m<$'%(k +1"1mH.8)k %,P(.7,k *'+)1P<%O(k "')7P$8( 7( "8)%76k
&A"'P)768k 95*%P76 )3 .8%"(R

;'< ;'< f>2">iMN?O( ('# 1"# ,%'2* %+ 8) 7.+#G !"#) ('# 8) %&7) /%(7 .&
7.+# %' 2#(1"G !"%*# 6"% 6%'*".U 1"# 0.-.&# R%:U7#L #&o%)
1'(&*3#&2#&1(7 8#77%6* (&2 +7%(1 (76()* .& 1"# %3#(& %+ 7%-# %+ I%2G ,#1
1".* +(31 #-#' '#8(.& .& 8) "#('1G

!CD! V

B58'?'-.'"';'-@%91 %, 0)'/' &A"% 0,91


B58'?%+% &'/%"' 6,"#+,
B58'?'-*,4A"'-"56' *1&'-"'+, 8';'-9)56'
&'/% "')7 A ?#?1-*,"#+,

no
B58'?'P(.8 M7B768 C'0@$8k .'"';'-@%91P,8"B76= H.87" $'(0, <88(k %,
0)'/'P(.7, ("8%,0"3k &A"%P(' )8k 0,91m@$8%,8 =7B8k B58'?%+%P76
E'(.k &'/%"'P'< (.8 )76*k 6,"#+,P$'B8k B58'?'-*,4A"'-"56'P(.8
E8%0(7<0$ <'") '< (.8 w'06= C'0@$8k *1&'-"'+, 8';'-9)56'P,0@8"7'"
(.%6 C0@7* %6* .7, :7<89 5%(#k &'/%P76 (.8 )76*k "')7P$8( (.8)
"8)%76k A ?#?1P(.',8 @%,(7)8,k *,"#+,P,0@8" 8]O8$$86(R

A7#(*# B#*1%6 :U%& 8# 1"# 1'#(*:'# %+ *#'-.3# 1% r%:' 7%1:* +##1G ,#1
r%:' 2.-.&# +%'8* (&2 7%-.&/ (++(.'* B# (76()* 8(&.+#*1 .& 8) 8.&2G r%:'
B#(:1) .* +(' *:U#'.%' 1% 1"(1 %+ M>8(2#-( (&2 ".* 6.+# f(1<G ,#1 r%:'
*:U#'#Y3#77#&1 1'(&*3#&2#&1(7 U(*1.8#* B# #-#' U'#*#&1 .& 8) 8.&2G

!CD! Z

0'4'/%+% +D;' 0)'", )1 )1 *,4A"'-*,4A"#


.'"1;'9B% /,9%0'/' *'",
9"'B'-"1B'-*5&1"'-4<1&' 9DH'9)1/5 *5&1"# /1&'
4"#-"10),*1-/1&' &'/A)1"#
0'4'/%+%m76 (.8 )'0(.k +D;'P,("%:k 0)'",P.'$*76=,k )1 )1 *,4A"'-
*,4A"#P[ w'06= C'0@$8k .'"1;'9B%m06(' (.8 $'(0, <88(k /,9%0'/'
*'",P'<<8" @"%38",k 9"'B'-"1B'-*5&1"'-4<1&'P!3+)%9 (.8 ,'6 '< K76=
'< G"%L%k 9DH'9)1/5 *5&1"# /1&'P(.8 6%)8 '< *%0=.(8" '< K76=
GUT%E.+6\k 4"#-"10),*1-/1&' &'/A)1"#P(.8 )',( 86O.%6(76= 5+*.7/+R

\ 0.-.&# r%:1"+:7 R%:U7#L \ ;)>8(*:&2('(L 1"# *%& %+ 1"# M.&/ %+


h'(o(L \ f>2".5> 1"# B#(:1.+:7 #&3"(&1.&/ 2(:/"1#' %+ M.&/ hN?(B">&:L
1(5.&/ ( *1'(6 .& 8) 8%:1"L 9 U'() 1% r%:' 7%1:* +##1G
!"# KUTV% 7, (.8 &'/A)1"#R P8 O%@(7B%(8, (.8 )76* '< !"# 5+*.7/+ %6*
'(.8" ='**8,,8, '< <'"(068R

!CD! ]

*'/'*'-*%+'*# "1, 4<1&' &'"'*'+' *1,


0'"'6'-0'"'6' *'"7 .5"'
/'C'-9'"'-4,*)'",/# /'C,/#"' 4,"A&';#
05O)7-87;% 05O)7/-&'/' B)5"'

nq
*'/'*'P='$*86k *%+'*#P(.8 O'$'" '< /8(%/# <$':8"k "1,P!"# 5+*.7/+k
4<1&'P!"# !3+)%,06*%"%k &'"'*'+'-*1,P(.8 O'$'" '< E$08 ,%@@.7"8k
0'"'6'-0'"'6'P@"7*8k *'"7 .5"'m*8<8%(k /'C'9'"'m(.8 /76= '<
*%6O8",k 4,*)'",/#PO"8,( L8:8$,k /'C,/#"'P'< (.8 *%6O8",k 4,"A&';#P
('@)',(k 05O)7-87;%PE3 (.8 h0%$7(78, '< 8%O. '(.8"k 05O)7/-&'/'P
(.8 )76*, '< E'(.k B)5"'m'B8":.8$)8*R

;'< f>2".5> '#*#8B7#* ( /%72#& U.&# +7%6#'L (&2 ;'< ;)>8(*:&2('(


'#*#8B7#* ( B7:# *(UU".'#G !"#.' B#(:1) 2#+#(1* 1"# U'.2# %+ (77G ;'<
f>2".5> (&2 ;'< ;)>8( ('# 1"# 1%U8%*1 2(&3#'* (&2 #&1'(&3# %&# (&%1"#'
B) !"#.' o#6#7i7.5# W:(7.1.#*G
g', )8%6, *8,7"8R ?8%O'O/ <8%(.8" 7, (.8 ,@8O7%$ *8O'"%(7'6 '6 (.8 .8%*
'< KUTV% :.' 7, (.8 E8,( '< *%6O8",R H.8 .8%* '< !"# 5+*.+9 :.' 7, %$,'
*%6O76=9 7, *8O'"%(8* :7(. &';#2 L8:8$,R

!CD! _

4"#&5*)' @5/0'"' 9'"' )%&' /#?' *1/+,0)'"'


9)1=' 9)5H';' *'"7 4A9)1
/#?' 6#+'-91@'0)'"' 8'7"# 4<1&' &'/A)'"'
'/+'"%"' 9)1=% 05O)7 ?A9)1
4"#&5*)'m$'(0, <%O8k @5/0'"' 9'"'P)',( E8%0(7<0$k )%&'P='$*86k
/#?'PE$08k *1/+,PO')@$8]7'6k 0)'"'P@',,8,,k 9)1='P(.8 )''*k
9)5H';'m*8O'"%(7'6k *'"7-4A9)1PE8%0(7<78,k /#?'PE$08k 6#+'P38$$':k
91@'0)'"'P*"8,,8,k 8'7"#P(.8 ='$*86 !"# 5+*.7/+k 4<1&'P(.8
E$%O/7,. KUTV%k &'/A)'"'P86O.%6(76=k '/+'"%"'P76(8"6%$k 9)1=%P76
(.8 )''*k 05O)%PE'(. '< H.8)k ?A9)1m%(("%O(8*R

!"# #&3"(&1.&/ +(3#* %+ ;)>8(*:&2('( (&2 f>2".5> ('# 2.*U7().&/ !"#.'


#3*1(1.3 7%-#G !"#.' #++:7/#&1 3%8U7#Y.%&* ('# B#(:1.+:77) B7:.*" (&2
/%72#&G !"#) 2'#** .& )#77%6 (&2 2##U B7:# /('8#&1* (&2 (11'(31 #(3"
%1"#' B) !"#.' .&&#'8%%2* %+ 7%-#G

!CD! `

nX
19)'"';' &'/,&'<' 6"'+, 'O8% '9),/'<'
+'.)5 61<' 0#/' /'"A++'&' 01@'
/,4, 0,/' 87;' 81O' 6'"'&' 1/'/0' 61O'
&'/% &A"' %, '9),?1H'
19)'"';'P'"6%)86(,k &'/,&'<'PL8:8$$8*k 6"'+,P8%O.k 'O8%P$7)E,k
'9),/'<'P%O(76=,k +'.)5P.7,k 61<'P$'(0, <88(k 0#/'P@''"k /'"A++'&'
01@'P&%"'((%)% *+,%k /,4,P67=.(k 0,/'P*%3k 87;' 81O'P=$'"7<376=
(.8 h0%$7(78,k 6'"'&'P="8%(k 1/'/0'P.%@@768,,k 61O'P"8O87B8k
&'/%P76 (.8 )76*k &A"'P)76*k %,P(.7,k '9),?1H'P*8,7"8,R

0#3%'(1#2 6.1" o#6#77#2 %'&(8#&1*L !"#.' 7.8B* 8%-# 6.1" B#(:1.+:7


/'(3# (&2 2'(8(G =('%11(8( 2>*( U'()*L b^.1" /'#(1 o:B.7(1.%&L 9 6.77
/7%'.+) r%:' 1'(&*3#&2#&1(7 W:(7.1.#*L 2() (&2 &./"1G !".* .* 8) %&7)
2#*.'#Gd

R"(U1#' K.-#p
f>/>&:/>iB"(51.i'<1<

4 I7.8U*# 9&1% 1"# A(1" %+ ,%-.&/ 411(3"8#&1

!CD! E

"18%"' 9)'B'/'-6'+)' *'), %9% '9),&'+'


?A*'-9%0'-@1"' %, 91/#
@'*)#"' '/581 )'E1 9"'B% @,00)'-0%)' 61E1
%, 9)19% B5U19% 6'"1/#
"18%"'m'< (.8 %((%O.)86(k 9)'B'/'-6'+)'P(.8 @%(. '< :'",.7@k *'),P
$8( )8 8]@$%76k %9%P6':k '9),&'+'P'@767'6k ?A*'P:'"$*$3k 9%0'P
B8*7Ok @1"'P8,,86O8k %,P(.7,k 91/#P,(%(8)86(,k @'*)#"'P'< (.8 ,%/.#,k
'/581P<'$$':76=k )'E1mE876=k 9"'B%P76 G"%L%k @,00)'-0%)'P,@7"7(0%$
E'*3k 61E1P.%B76= "8O87B8*k %, 9)19%P76 (.7, :%3k B5U19%PO''$ *':6k

Zs
6'"1/#P(.8 ,'0$R

=%6L 9 6.77 #YU7(.& 1"# U'%3#** %+ 6%'*".UU.&/ 1"# [:U'#8# ,%'2 1"'%:/"
1"# U(1" %+ (11(3"8#&1 l'>/>&:/> B"(51.mG !"#*# *1(1#8#&1* ('# 1"#
#**#&3# (&2 .& (33%'2(&3# 6.1" 1"# q#2(* (&2 1"# U:'# 2#-%1##*G w \&#
*"%:72 *#'-# 1"# ,%'2 .& h'(o( +%77%6.&/ .& 1"# +%%1*1#U* %+ 1"# *(5"<*
6.1" ( *:.1(B7# *U.'.1:(7 B%2)G 9& 1".* 6()L %&#P* *%:7 6.77 B# 3%%7#2 (&2
*(1.*+.#2G

!CD![ QiS

!"# !':1" 4B%:1 ;'< f>2".5> (&2 1"# [(5"<*

4"# "10),*1"' @'*)# B'+' +1)1 91 *'),9' *'+'


&5*)<' @'*)# *'",<% 8';'/'
?'?,+1 9,41*)1 +'+)1 @5.,+"1 .'&6'*'?'+1
"'O8'0%=# @50%=# *'+)'/'
+5O8'9,0<1 ,/05"%*)1 %, 'HC'-@'*)# ?%*)1
%9% *'), /'"&'j@'*)# 8';'
,)AO @%91 @')' .'"# 6",<'-6"%HC)' /1&' 0)'",
6"%&' @%91 *'"% '/5*H';'
4"# "10),*1"'m'< !"# 5+*.7/+k @'*)#P(.8 ,%/.#,k B'+'P%$$k +1)1 91P
(.%(k *'),9'P:7$$ 8]@$%76k *'+'m.': )0O.k &5*)<'P@"76O7@%$k
@'*)#P(.8 ,%/.#,k *'",<%P*'76=k 8';'/'PO'06(76=k ?'?,+1P!"# N%$7(+k
9,41*)1P!"# A72+/.+k +'+)1P%6*k @5.,+"1P!"# J\O7("+k .'&6'*'?'+1P
!"# C%)@%/%$%(+k "'O8'0%=#P!"# 5%p=%*8B#k @50%=#P!"# J\*8B#k
*'+)'/'P*8,O"7@(7'6k +5O8'9,0<1P!"# H\p=%E7*3+k ,/05"%*)1P!"#
S6*\"8/.+k %,P(.7,k 'HC'-@'*)#P87=.( ,%/.#,k ?%*)1P8]@$%7676=k %9%P
6':k *'),P%"8 /6':6 %,k /'"&'-@'*)# 8';'P)',( 76(7)%(8 ,%/.#,k
,)A;-@%91P%$$ (.8,8k @')' .'"#mO')@%67'6,k 6",<'-6"%HC)'P)',(
E8$'B8*k /1&'P6%)8,k 0)'",m/6':6 %,k 6"%&' @%91P$'B76=
*8B'(7'6%$ ,8"B7O8k *'"%P*'k '/5*H';'PO'6,(%6($3

!"# 2.++#'#&1 1)U#* %+ *(5"<* %+ ;'< f>2".5> ('# 3%:&17#**G !"#'#+%'#L 9


6.77 %&7) 2#*3'.B# 1"# U'.&3.U(7 %&#*G ,(7.1>L q.x>5>L [k3.1'>L
R"(8U(5(7(1>L f(J/(2#-<L [k2#-<L !:J/(-.2)>L 9&2k'#5"> ('# 1"# #./"1

ZY
U'.&3.U(7 *(5"<*G !"#) ('# 1"# 8%*1 B#7%-#2 3%8U(&.%&* %+ ;'< f>2".5>
(&2 ('# 3%&*1(&17) *#'-.&/ !"#.' ,%'2*".U* 6.1" U'%+%:&2 7%-#G !"#) ('#
8%*1 .&1.8(1#7) (**%3.(1#2 6.1" f>2"> (&2 MN?O(G
wJ88 D@@86*7] Y

!CD! V

@'&' @/%)1 9,H'&' @/%)1 /1 *'",)' 05, ?%*)'


*'), &1+"' '0),*' @/%)1 8';'
/,"'/+'"' +)1*% @'/8% *DH;' *'+)1 ?#?1 "'/8%
/'"&' @'*)# %, @19' B'/'
@'&' @/%)1m8h0%$$3 %<<8O(7'6%(8k 9,H'&' @/%)1m(':%"*, '68 ="'0@
'6$3k /1 *'",)'m*' 6'(k 05, ?%*)'PE'(. %, 8h0%$k *'),P*8,O"7E8k
&1+"'P'6$3k '0),*'P)'"8k @/%)1 8';'P(.8 %<<8O(7'6%(8 '68,k
/,"'/+'"'P%$:%3,k +)1*%P"8)%76k @'O8%P:7(.k *DH;' *'+)1P('@7O, '<
KUTV%k ?#?1 "'/8%P76 (.8 @%,(7)8, '<k /'"&' @'*)#P)',( O'6<7*86(7%$
,%/.#k %, @19' B'/'P%$$ (.8,8

[%8# %+ 1"# *(5"<* ('# 8%'# (++#31.%&(1# 1%6('2* MN?O(L (&2 *%8# ('#
8%'# (++#31.%&(1# 1%6('2* ;'< f>2".5>G 477 %+ 1"#8 '#8(.& 3%&*1(&17)
6.1" f>2"> (&2 MN?O(L #&/(/#2 .& *.&/.&/ !"#.' U(*1.8#*G !"#*# *(5"<*
('# 3(77#2 1"# 8%*1 3%&+.2#&1.(7 *(5"<*G
wJ88 D@@86*7] H:'

!CD! Z

4"#-"56'-&'EB'"# @1"' 4"#-"'+,-&'EB'"# 1"'


?'9'O8'-&'EB'"# &'EB5?'?#
4"#-"'@'-&'EB'"#-@'O8% *'@+7",*1-10, "'O8%
6"%&'-@%91 *'"% *5+5)'?#
4"#-"56'-&'EB'"#m!"# 5\@+ 1%jL%"#k @1"'m8,,86O8k 4"#-"'+,-&'EB'"#P
!"# 5%(7 1%jL%"#k 1"'m%6*k ?'9'O8'-&'EB'"#P!"# N%E%p=+ 1%jL%"#k
&'OB5/'?#P!"# 1%pL\$%$#k 4"#-"'@'-&'EB'"#P!"# 5%,% 1%jL%"#k @'O8%m
%$'6= :7(.k *'@+7",*1PK%,(0"# 1%jL%"#k 10,P,0O. %,k "'O8%PE$7,,<0$$3k
6"%&'-@%91m$'B76= *8B'(7'6%$ ,8"B7O8k *'"%P*'k *5+5)'?#P8%=8"68,,R

Z4
!"# 8%*1 B#7%-#2 ;'< fkU( $(so('< (7%&/ 6.1" ;'< f(*( $(so('<L 4&(O/(
$(so('<L $(Jok7(7<L ;'< f(1. $(so('< (&2 M(*1:'.5> $(so('<L #(/#'7)
U#'+%'8 7%-.&/ *#'-.3# 1% !"#.' ,%'2*".U*G
wJ88 D@@86*7] H."88

!CD! ]

%-@'9)'"' '/581 )',E1 6"%&'-@%91 /,9' .1E1


,O8,+% 95B),9' @'9' *1B%
"56' 85;' 0'8'&'8, @'01 )'9' '/5"18#
9'@'+, *'",9' @'*)# &1B)%
%-@'9)'"'m'< (.8,8k '/581P<'$$':76=k )',E1PE876=k 6"%&'-@%91P
$'B76= *8B'(7'6%$ ,8"B7O8k /,9' .1E1P:7$$ E8=k ,O8,+%PE3 =8,(0"8k
95B,9'P:7$$ 06*8",(%6*k @'9'P%$$k *1B%P,8"B7O8,k "56' 85;'P:7(.
E8%0(3 %6* h0%$7(78,k 0'8'&'8,PL0E7$%6(k @'01P%$:%3,k )'9'P:7$$ E8k
'/5"18#P%((%O.8*k 9'@'+P"8,7*8k *'",9'P:7$$ *'k @'*)# &1B)%P%)'6=
(.8 ,%/.#,R

9 6.77 B#/ +'%8 1"#*# *(5"<* 1"# 7%-.&/ *#'-.3# 1% 1"# ,%'2 (&2 :&2#'*1(&2
1"# -('.%:* '#W:.'#2 *#'-.3#* *.8U7) B) 1"#.' /#*1:'#*G 9 6.77 B#
%-#'6"#78#2 B) 1"# B#(:1) (&2 W:(7.1.#* %+ f>2">iMN?O(L B# (76()*
(11(3"#2 1% !"#8 (&2 7.-# (8%&/*1 1"# *(5"<*G

!CD! _

9D/019'/% 07, B'/' .'",-0,*% @'*)#-8';'


@'&'<%"' @%91 "'@' @5*)%
@'*)#"' ,O8,+' )'9% .'&'"' 0)5?19' +'9%
+1&95?' BA819' .1O0'-&5*)%
9D/019'/%P76 AU6*+B%6%k 07, B'/'mE'(. '< H.8)k .'",-0,*%P%$$
%"'06*k @'*)#-8';'P(.8 ,%/.#,k @'&'<%"'P'< (.8 %@@"'@"7%(8 (7)8k @%91
"'@'P$'B76= ,8"B7O8k @5*)%P.%@@7$3k @'*)#"'P'< (.8 ,%/.#k ,O8,+'
)'9%P:7$$ =8,(0"8k .'&'"'P(.8 O%)%"%k 0)5?19'P,:76=76=k +'9%P
(.86k +1&95?'PE8(8$ 60(,k BA819'P:7$$ ,0@@$3k .1O0'-&5*)%P76 (.8
$'(0, )'0(.

Z^
h) 1"# .&2.3(1.%& %+ 1"# *(5"<*L 9 6.77 %++#' 3(8('( (&2 B#1#7&:1* .& 1"#
7%1:* 8%:1"* %+ f>2"> (&2 MN?O(G !"# *(5"<*L 6.1" f>2"> (&2 MN?O( .&
1"#.' 8.2*1L ('# 1%1(77) (6('# %+ 1"# 2.++#'#&1 *#'-.3#* 1% B# '#&2#'#2 (1
(UU'%U'.(1# 1.8#*G

!CD! `

B58'?'-.'"';' @%9, /,"';+'"' %, 9)19,


';5"18% +)1*,9' @'01<'
@10)'/% 9)19,9' B1)1 @,00)'-0%)% 619' +1)1
"18' 6'+)%"' %, @% 761<'
B58'?'-.'"';'m(.8 $'(0, <88( '< 5+*.+ %6* KUTV%k @%9,m,8"B76=k
/,"';+'"'mO'6,(%6($3k %,P(.7,k 9)19,P(.76/k ';5"18%P:7(.
%((%O.)86(k +)1*,9'P:7$$ "8)%76k @'01<'P%$:%3,k @10)'/%P:7$$
@"%O(7O8k 9)19,9'P:7$$ (.76/k B1)1P:.%(8B8"k @,00)'-0%)%m76 (.8
,@7"7(0%$ E'*3k 619'P:7$$ "8O87B8k +1)1P(.%(k "18' 6'+)%"'P'< (.8 @%(.
'< %((%O.)86(k %,P(.7,k @% 761<'P(.8 @"'O8,,R

9 6.77 3%&*1(&17) 2#*.'# 1% *#'-# 1"# 7%1:* +##1 %+ f>2"> (&2 MN?O( 6.1"
7%-.&/ (11(3"8#&1G ^"(1#-#' 9 3%&1#8U7(1# 2:'.&/ 1"# U'(31.3# %+
2#-%1.%&(7 *#'-.3#L 6.77 3#'1(.&7) B# (3".#-#2 :U%& U#'+#31.%& .& (
*U.'.1:(7 B%2)G !".* .* 1"# 8#1"%2 %& 1"# U(1" %+ (11(3"8#&1G

!CD! e

@10)'/% B% 0)'/' .1, @,00)'-0%)% +1)1 61,


6'*a' 6'*a' &1+"' @% 9,.1"'
61*,?% @% 6"%&'-9)'*+, '6'*a% @10)'/' "#+,
9)'*'+,-?'*H';'-+'++=' @1"'
@10)'/%m:.7$8 @"%O(7O76=k B% 0)'/'P(.8 ("8%,0"3k .1,P:%6(k @,00)'-
0%)%P76 (.8 ,@7"7(0%$ E'*3k +1)1 61,P(.%( :7$$ =8(k 6'*a' 6'*a'P
)%(0"8* %6* 7))%(0"8*k &1+"'P'6$3k @%P(.%(k 9,.1"'mO'6,7*8"%(7'6k
61*,?%P7))%(0"7(78,k @%P(.%(k 6"%&'-9)'*+,P$'B76= *8B'(7'6%$
,8"B7O8k '6'*a%P76 7))%(0"8* ,(%=8k @10)'/' ",+,P"8=0$%(7B8
*8B'(7'6%$ ,8"B7O8k 9)'*'+,-?'*H';'P,3)@('), '< *8B'(7'6k +'++='

Zb
@1"'P8,,86O8 '< (.8 ("0(.

^"(1#-#' 9 (*U.'# (* ( U'(31.1.%&#'L 9 6.77 *:'#7) '#3#.-# .& 8) *U.'.1:(7


B%2)G 91 .* %&7) ( 3%&*.2#'(1.%& %+ .88(1:'.1) %' 8(1:'.1)G 9& 1"#
.88(1:'# *1(/#L .1 .* 3(77#2 *>2"(&(iB"(51. %' '#/:7(1#2 2#-%1.%&(7
*#'-.3#G 9& 1"# 8(1:'# *1(/#L .1 .* 3(77#2 U'#8(iB"(51. %' 7%-.&/ 2#-%1.%&(7
*#'-.3#G !".* .* 1"# #**#&3# (&2 1':1" %+ U:'# 2#-%1.%&(7 *#'-.3#G

!CD! Eg

/'"A++'&' 01@% *')% %, B%/' &A"' )'<%


9"'B'-65"% ';5"'8% 91@'
@'*)#-8';'-8';'/1+% 1&1"% 8';,9% +1+%
+'9')7O 65",9' '9),?1H'
/'"A++'&' 01@%m&%"'((%)% *+,%k *')%P,%3,k %, B%/'P)%3 (.7,k &A"'
)'<%P.%@@86, (' )8k 9"'B'-65"%P76 AU6*+B%6%k ';5"'8%P<88$76=, '<
$'B8k 91@'P"8,7*8k @'*)#-8';'P(.8 ,%/.#,k 8';'/1+%PO'06(76=k
1&1"%m)8k 8';,9%P:7$$ O'06(k +1+%P%)'6= (.8)k +'9')7OP(.86k
65",9'P:7$$ E8 @0"7<78*k '9),?1H'P*8,7"8

=('%11(8( 2>*( U'()*L b\ 8) ,%'2L U7#(*# (77%6 8# 1% 7.-# .& h'(o( (&2
3%:&1 8# (* %&# %+ 1"# *(5"<*G !"#& %&7) 8) 2#*.'#* 6.77 B# +:7+.77#2Gd

!CD! EE

+'+)1 ),-
@'*)#/': @'O8,/#-"561&
'+&1/': =1@'/1-&'<#&
1BE1-@%=1-6'"': +'+-+'+-
*D6'?'/*1"'-9)7@,+1&
+'+)1 ),P<0"(.8")'"8k @'*)#/':m'< (.8 ='@#,k @'O8,/#P'< % <"786*k
"561&P(.8 <'")k '+&1/':P,8$<k =1@'/1-&'<#&P<0$$ '< *8,7"8,k
1BE1P%OO'"*76= (' (.8 '"*8"k @%=1P,8"B7O8k 6'"':m*8B'(8*k +'+-+'+P
B%"7'0,k *D6'm)8"O3k '?'/*1"'P:7(. '"6%)86(,k 9)7@,+1&P*8O'"%(8*

Zn
K:'1"#'8%'#L %&# *"%:72 8#2.1(1# .& 1".* 6()a b9 (8 ( 3%8U(&.%& %+ 1"#
*(5"<* (&2 (76()* (B*%'B#2 .& 7%-.&/ 2#-%1.%&(7 *#'-.3# :&2#' 1"#.'
/:.2(&3#G $) B%2) .* 2#3%'(1#2 6.1" -('.%:* %'&(8#&1* 1% U7#(*# 1"#
8.&2 %+ MN?O(d
D @"%O(7(7'68" :.' *8,7"8, $'B76= ,8"B7O8 (' (.8 N'"* ,.'0$* %$:%3,
(.76/ %, <'$$':,k cS %) % O')@%67'6 '< N%$7(+ %6* A72%/.+ @'*)#@9 %, :8$$
%, !"# 5\@% 1%jL%"#R S %) % )%7*,8"B%6( '< !"# 5+*.+;1+*.%B% 06*8"
H.87" =07*%6O8R S %) *8O'"%(8* :7(. B%"7'0, '"6%)86(, :.7O. %"8 (.8
"8)6%6(, '< !"# 5+*.7/+9 :.' 8B86 %(("%O(, (.8 )76* '< (.8 )',(
86O.%6(76= !"# KUTV%R S %) %$:%3, %E,'"E8* :7(. "8,'$0(7'6 76 (.8 $'B76=
,8"B7O8 '< !"# !"# 5+*.+;1+*.%B%Rc

!CD! EQ

*DH;' @&'"'/ B'/': .1@<'


6"%HC)': /,B'-@'&#),+'&
+'+-+'+-*'+)1-"'+'4 .1@'7
*7"<10 =1@': ="'B% @'01
*DH;'PN'"* KUTV%k @&'"'/P(.76/76= '<k B'/':P% *8B'(88k .'P%6*k
'@<'P'< P7,k 6"%HC)'&PB8"3 *8%"k /,B'-@'&#),+'&PO.',86 E3 '68,8$<k
+'+-+'+-*'+)1P(' (.',8 8,@8O(7B8 ('@7O,k "'+'@P%((%O.8*k .'P%6*F
'@'7P(.%(k *7"<1+P,.'0$* *'k =1@'&P$7B76=F ="'B%PAU6*+B%6%k
@'01P%$:%3,R

!"# 2#-%1## *"%:72 (76()* 1".&5 %+ MN?O( 6.1".& ".8*#7+L (&2 %&# *"%:72
3"%%*# ( -#') 2#(' 2#-%1## 6"% .* ( *#'-.1%' %+ MN?O( .& qN&2>-(&(G \&#
*"%:72 3%&*1(&17) #&/(/# .& 1%U.3* (B%:1 1"(1 *#'-.1%' (&2 ".* 7%-.&/
'#7(1.%&*".U 1% MN?O(L (&2 %&# *"%:72 7.-# .& qN&2>-(&(G H%6#-#'L .+ %&#
.* U")*.3(77) :&(B7# 1% /% 1% qN&2>-(&(L "# *"%:72 8#&1(77) 7.-# 1"#'#G
lh"(51.i'>*>8N1(i*.&2": EGQGQeVm
58)8)E"%6O8 7, (.8 @"76O7@$8 7(8) '6 (.8 @%(. '< "181/781-9)'*+,R D
@"%O(7(7'68" '6 (.8 @%(. '< "181/781;9)'*+, ,.'0$* "8)8)E8" (.8
,@8O7<7O @%,(7)8, '< KUTV% 76(' :.7O. .8 :7,.8, (' 86(8"R [68 ,.'0$*
%$:%3, 86=%=8 76 *7,O0,,76= (.8,8 ('@7O, %6* "8,7*8 76 G"%L% :7(. E'(.
)%(8"7%$ %6* ,@7"7(0%$ E'*78,R S< '68 7, 06%E$8 (' @.3,7O%$$3 "8,7*8 76

ZZ
AU6*+B%6%9 (.86 '68 ,.'0$* $7B8 76 G"%L% :7(.76 .7, @0"7<78* )76*R
58=%"*76= $7B76= 76 G"%L% :7(. '68_, @0"7<78* )76*9 7( 7, )86(7'68* 76
()'*+,-"'@1&D+'- @,/0)7 %, <'$$':,I
@%=1 @10)'*'-"56%;'
@,00)'-"56%;' .1+"' ),
+'0-9)1='-?,6@7/1 *1"<1
="'B'-?A*1/7@1"'+'>
}H.8 %*B%6O8* *8B'(88 :.' 7, 76O$768* (' ,@'6(%68'0, $'B76= ,8"B7O8
,.'0$* <'$$': (.8 %O(7B7(78, '< % @%"(7O0$%" %,,'O7%(8 '< KUTV% 76
AU6*+B%6%R P8 ,.'0$* 8]8O0(8 ,8"B7O8 8](8"6%$$3 %, % "8=0$%(7B8 *8B'(88
%, :8$$ %, 76(8"6%$$3 <"') .7, ,8$<;"8%$7`8* @',7(7'6R H.0, .8 ,.'0$*
@8"<'") *8B'(7'6%$ ,8"B7O8 E'(. 8](8"6%$$3 %6* 76(8"6%$$3R_

R"(U1#' [.Yp
!%U.3* %+ $#2.1(1.%& +%' 4'%:*.&/ A'#8(iB"(51.

!CD! E

B58'?'-.'"';'-6"#+# 6'"'&'-1/'/0' +'+,


"'+,-6"%&1 &'<' 6'"'-9'/0)%
*DH;'-/1&'-"10)1-/1&' 761@'/' "'@'-0)1&'
.'"';% 6'U,<% 6'"1/'/0%
B58'?'-.'"';'P06(' (.8 $'(0, <88( '< 5+*.+ %6* KUTV%k 6"#+#P$'B8k
6'"'&'PJ0@"8)8k 1/'/0'P.%@@768,,k +'+,PH.87"k "'+,P%((%O.)86(k
6"%&1 &'<'P$'B76=k 6'"'-9'/0)%m76 (.8 ('@7O, '<k *DH;'-/1&'P(.8
.'$3 6%)8, '< KUTV%k "10)1-/1&'P(.8 .'$3 6%)8, '< 5+*.+k 761@'/'P
:'",.7@k "'@'-0)1&'P%E'*8 '< ("%6,O86*86(%$ )8$$':,k .'"';%P%( (.8
<88(k 6'U,<%P<%$$76=k 6'"1/'/0%P,@7"7(0%$ E$7,,R

9& *U.'.1:(7 B7.**L 9 6.77 2#-#7%U .&1#&*# 7%-# +%' 1"# )%:1"+:7 0.-.&#

Zo
R%:U7# ;'< ;'< f>2">iMN?O(L (&2 "#(' 1"# /7%'.%:* 1%U.3* %+ !"#.' 7%-.&/
(++(.'*G ^%'*".U.&/ (&2 3"(&1.&/ 1"# "%7) &(8#* %+ f>2"> (&2 MN?O( .*
1"# (B%2# %+ (77 1'(&*3#&2#&1(7 8#77%6*G 9 6.77 +(77 (1 !"#.' 7%1:* +##1 .&
#3*1(*)G
N8( )3 %((%O.)86( <'" (.8 $'(0, <88( '< 5+*.+ %6* 1+*.%B% E8 ,(8%*3R
G3 (.7, @"'O8,,9 '68 %O.78B8, ("%6,O86*86(%$ .%@@768,,R H.8 :'"*
6'"1/'/0% "8<8", (' (.8 $'B76= ('@7O,R N8( )3 )76* E8 %E,'"E8* 76 (.8
$'B76= ('@7O, '< 5+*.+ %6* 1+*.%B% E3 %,,'O7%(7'6 :7(. (.8 *8B'(88,
:.' %"8 %Oh0%76(8* :7(. (.8 *7B768 )8$$':, '< !"# KUTV%R

!CD! Q

&'/%"' @&'"';' 6"1;' &'0)5"' &'0)5"' 0)1&'


B58'?' 9,?1@' @&D+,-@1"'
@10)<' @10)'/' %, ,)1 9', 1"' /1,
%, +'++a' @'"9'-@,00)'-@1"'
&'/%"'m'< (.8 )76*k @&'"';'P"8)8)E"%6O8k 6"1;'PP$7<8k &'0)5"'
&'0)5"'PB8"3 ,:88(k 0)1&'P%E'*8k B58'?' 9,?1@'P@%,(7)8, '< 5+*.+
%6* KUTV%k @&D+,P"8)8)E"%6O8k @1"'P8,,86O8k @10)<'P='%$k
@10)'/'P@"'O8,, '< %O.78B76= (.8 ='%$k %,P(.7,k ,)1 9',P:7(.'0( (.7,k
1"' /1,P6'(.76= 8$,8k %, +'++a'P(.7, ("0(.k @'"9'-@,00)'-@1"'P%)'6=
%$$ (.8 @"8,O"7@(7'6R

f#8#8B'(&3# %+ 1"# ,%'2P* U(*1.8#* .* 1"# 7.+# (&2 *%:7 %+ 1"# 2#-%1##G
f#8#8B#'.&/ 1"# *6##1 7%-.&/ U(*1.8#* %+ f>2"> (&2 MN?O( .* 1"#
#**#&3# %+ (77 1"# U'%3#**#*G !".* .* 1"# /%(7 %+ 7.+# (&2 (* 6#77 (* 1"# B#*1
8#(&* %+ (3".#-.&/ 1"# /%(7G
H.7, 7, (.8 8,,86O8 '< %$$ 76,("0O(7'6, "8=%"*76= "0$8, %6* "8=0$%(7'6,R
H.8 "8)8)E"%6O8 '< (.8 @%,(7)8, '< (.8 N'"* 7, (.8 '6$3 @"'O8,, <'"
%O.78B76= (.8 ='%$ '< '68_, $7<89 "8$7,.76= (.8 ("%6,O86*86(%$ )8$$':, '<
(.8 @%,(7)8, '< 5+*.+ %6* KUTV%R H.8"8 7, 6' .7=.8" ='%$ '" @"'O8,,
(.%6 (.7,R H.8 "8)8)E"%6O8 '< !"# !"# 5+*.+;KUTV%_, @%,(7)8, 7, (.8
8,,86O8 '< %$$ 76,("0O(7'6, =7B86 76 (.8 ,O"7@(0"8,R H.7, 7, %$,' O'6<7")8*
76 (.8 $'0&' $7"1;' %, <'$$':,I
@&'"+'=<'> @'+'+': =,H;7"

Zq
=,@&'"+'=<A /' B1+7.,+
@'"=% =,0),-/,H%0)1> @<7"
%+'<A" %=' *,O*'"1>
}KUTV% 7, (.8 '"7=76 '< N'"* A7TV0R P8 ,.'0$* %$:%3, E8 "8)8)E8"8* %6*
68B8" <'"='((86 %( %63 (7)8R D$$ (.8 "0$8, %6* @"'.7E7(7'6, )86(7'68* 76
(.8 41@+"'@ ,.'0$* E8 (.8 ,8"B%6(, '< (.8,8 (:' @"76O7@$8,R_

!CD! S

B'?'0'-@5/0'"' *1O+, &'0)5"' &'0)5"' 9)1+,


9',0'8'0), '9'0), @59%4'
6#+'-9'@'/'-0)'"' 19)'"';' &';,-9'"'
&'<5"'-.'/0",*1 *'"7 *%4'
B'?'0'PO$'0*,k @5/0'"'PE8%0(7<0$k *1O+,P8<<0$=86O8k &'0)5"'
&'0)5"'P,:88(k 9)1+,P$7/8k 9',0'8'0),P8]@8"( 76 O'6L0=%$ @%,(7)8,k
'9'0),P8]@8"(k @59%4'P.%6*,')8$3 *"8,,8*k 6#+'P38$$':k 9'@'/'P
*"8,,k 0)'"'P:8%"76=k 19)'"';'P'"6%)86(,k &';,-9'"'PL8:8$,k
&'<5"'P@8%O'O/k .'/0",*1P<8%(.8"k *'"7 *%4'PO0"$3 .%7",R

!"# *6##1 ;)>8( 3%8U7#Y.%& %+ MN?O( .* 7.5# 1"# #++:7/#&1 &#6 '(.&
37%:2*G H# .* 6%&2#'+:77) 2'#**#2 (&2 1"# 8%*1 #YU#'1 .& U#'+%'8.&/
3%&o:/(7 U(*1.8#*G T#6#77#2 %'&(8#&1* (2%'& H.* )#77%6 /('8#&1* (&2 (
U#(3%35 +#(1"#' 2#3%'(1#* H.* 3:'7.&/ H(.'G
d'0)5"' &'0)5"' "8<8", (' ,')8(.76= :.7O. 7, ,:88(8" (.%6 (.8
,:88(8,(R S6 '(.8" :'"*,9 7( 7, 8]("8)8$3 ,:88(R

!CD! V

&D8'&'0' .'/0'/' *5O*5&' 9,?%6'/'


&'/' &5"'+, +",-9)'O8'
/'9#/'-*5@5&19'?# 4"#-'O8% 4A9)'<% 9)1?,
&'0)5-?19)% 6),"% &'++' 9)DO8'
&D8'&'0'm)0,/k .'/0'/'m,%6*%$:''* @0$@k *5O*5&'P"8*
'76()86(k 9,?%6'/'P,)8%"k &'/'m86O.%6(76=k &5"'+,P<'")k +",-

ZX
9)'O8'P(."88;<'$* E86*76= <'"),k /'9#/'P68:k *5@5&19'?#P<$':8",k
4"#-'O8%P76 P7, E8%0(7<0$ E'*3k 4A9)'<%P*8O'"%(8*k 9)1?,P="8%(k
&'0)5-?19)%PE876= ="88*3 <'" .'683k 6),"%P:%6*8",k &'++'P
)%**868*k 9)DO8'PE88,

[(&2(76%%2 U:7U 8.Y#2 6.1" *(++'%& (&2 8:*5 .* *8#('#2 :U%& H.*
+%'#"#(2G H# *1(&2* .& ( 8%*1 #&3"(&1.&/ 1"'##+%72 B#&2.&/ +%'8G H.*
B#(:1.+:7 7.8B* ('# 2#3%'(1#2 6.1" &#67) B7%**%8#2 +7%6#'* 6".3" (11'(31
8(22#&#2 B##* +%' 1"#.' "%&#)G
&8]( (' N'"* KUTV% %"8 :%6*8"76= E0)E$8E88, :.' %"8 B8"3 %6]7'0, <'"
(.8 68O(%" <"') (.8 <"8,. <$':8", '< (.8 N'"*_, =%"$%6*R

!CD! Z

#H'+' &'0)5"'-@&,+' 9',0'8'0),-?#?1&D+'


?59'0)'?' 9"'B'-9'0)5-9D;0'
.'"';'-*'&'?'-6'"' &';,&'<' /565"'
/'*)'-&';, B)'?'&'?'-.'/0"'
#H'+'m$7(($8k &'0)5"'P,:88(k @&,+'P,)7$8k 9',0'8'0),-?#?1&D+'P
8]@8"( 76 O'6L0=%$ @%,(7)8,k ?59'0)'?'P%(("%O(8*k 9"'B'-9'0)5-9D;0'm
(.8 *%),8$, '< AU6*+B%6%k .'"';'-*'&'?'-6'"'P0@'6 (.8 $'(0, <88(k
&';,&'<'PL8:8$$8*k /565"'P%6/$8 E8$$,k /'*)'-&';,P(.8 L8:8$;$7/8
6%7$,k B)'?'&'?'P,.76676= E"7=.($3k .'/0"'P(.8 )''6

!"# *6##1 (11'(31.-# *8.7# %+ 1"# ,%'2 (&2 H.* #YU#'1.*# .& 3%&o:/(7
U(*1.8#* 3(U1:'# 1"# 8.&2* %+ 1"# 2(8*#7* %+ h'(o(G I#8i*1:22#2 (&57#
B#77* (2%'& H.* 7%1:* +##1L H.* o#6#7i7.5# 1%#i&(.7* *".&# B'./"17) 7.5# 1"#
8%%&G

!CD! ]
G"%L% ?%"%/73% H%((B%

!"# !':1" 4B%:1 A('(5<)> h">-( .& h'(o(

/565"'-&5"1?#-0)a'/, *5?'-9'0)5-&'"1?,/#

os
47/,<1 "'),+% /1"% 8)'"%
)D0'<% 91U'<% "'+, B%/' &,?% 6'+, @'+#
*5?%"' 0)'"'&' B'"' 05"%
/565"'P%6/$8 E8$$,k &5"1?#-0)a'/,P(.8 ,'06*, '< <$0(8k *5?'-9'0)5P
*%),8$, '< G"%L%k &'"1?,/#P='',8k 47/,<1P.8%"76=k "'),+%P"8)%76k
/1"%P*' 6'(k 8)'"%P%( .')8k )D0'<%P76 (.87" .8%"(,k 91U'<%m
76O"8%,8,k "'+,P$0,(k B%/'PL0,( %,k &,?%P)88(,k 6'+,P.0,E%6*k @'+#P
O.%,(8 :7<8k *5?%"'P<%)7$7%"k 0)'"'&'P"8$7=7'0, @"76O7@$8,k B'"' 05"%P
("%6,="8,,8*R

H#('.&/ 1"# *6##1 *%:&2* %+ H.* (&57# B#77*L (&2 H.* +7:1# 6".3" .* 7.5#
1"# 3(77 %+ ( 8(7# *6(&L 1"# +#8(7# *6(& h'(o( /%U.* 3(&&%1 '#8(.& .&
1"#.' "%8#*G K%'/#11.&/ 1"# 1'(&*/'#**.%& %+ 8:&2(&# 8%'(7.1) .& 1"#.'
"#('1*L 1"#.' (11'(31.%& +%' MN?O( .&3'#(*#* :&7.8.1#27) (&2 1"#) ':& 1%
H.8 7.5# 3"(*1# 6.-#* 8##1.&/ 1"#.' ":*B(&2*G

!CD! _
!"# KUTV% A7="%.8 &7(3%(B%

!"# !':1" 4B%:1 1"# C1#'&(7 K%'8 %+ MN?O(

8A9,/0'-4'"#"' /,+<' +'O)1"' @%9'*' @'+<'


9D/019'/'-9)5&, +%BA&'<'
+1)1+% B'&7/1-B'?' *'"% /,+<' B)'?'&'?'
+1"' +#"% 'HC' *5OB' )'<'
8A9,/0'PN'"* Q'B76*%k 4'"#"'PE'*3k /,+<'P8(8"6%$k +'O)1"'PP7,k
@%9'*'P,8"B%6(k @'+<'P8(8"6%$k 9D/019'/'-9)5&,P(.8 $%6* '<
AU6*+B%6%k +%BA&'<'P8<<0$=86(k +1)1+%P76 (.%( $%6*k B'&7/1-B'?'P
(.8 :%(8", '< w%)06+k *'"%P*'8,k /,+<'P8(8"6%$k B)'?'&'?'P,.7676=
E"7=.($3k +1"' +#"%P'6 (.8 E%6/ '<k 'HC'm87=.(k *5OB'P="'B8,k )'<'P
7,R

!"# 1'(&*3#&2#&1(7 B%2) %+ I%-.&2( .* #1#'&(7G H.* *#'-(&1* ('# #1#'&(7G


!"# (B%2# %+ qN&2>-(&( .* #++:7/#&1G !"# 6(1#' %+ 1"# r(8:&> .* 3')*1(7
37#('G !"#'# ('# #./"1 5:so(* %' /'%-#* %& 1"# B(&5* %+ r(8:&>G

oY
!CD! `

4#+'?'-*,"';'-*'"' *'?6'-+'"5-87;'-0)'"'
+'"7-?'+1 @'U' D+5-4A91
67"/'-.'/0"'-@'&' B<A+, .,01/'/0'-&'<' &5"+,
&')1?#?1-0'"4'/'-?A9)'
4#+'?'PO''$76=k *,"';'-*'"'m)''6,.768,k *'?6'-+'"5P*8,7"8 ("88k
87;'-0)'"'mh0%$7(3k +'"7P("88,k ?'+1mO"88@8",k @'U' D+5P(.8 ,7]
,8%,'6,k 4A91PE8%0(3k 67"/'-.'/0"'P<0$$ )''6k @'&'P8h0%$k B<A+,P
8<<0$=86O8k .,01/'/0'-&'<'P<0$$ '< E$7,, %6* /6':$8*=8k &5"+,P<'")k
&')1?#?1P="8%( @%,(7)8,k 0'"4'/'P(' ,88k ?A9)'P="88*3

!"# /'%-#* %+ qN&2>-(&( ('# 3"('8.&/ 6.1" *%%1".&/ 8%%&B#(8*G !"#


*.Y *#(*%&* B#(:1.+) 1"# +%'#*1* 6"#'#.& 1"# 1'##* +:7+.77 (77 2#*.'#*G !"#
B7.**+:7 U#'*%&(7.1) %+ MN?O( .* 8%'# #++:7/#&1 1"(& 1"# +:77 8%%&L (&2 %&#
*"%:72 B# #(/#' 1% "(-# ( /7.8U*# %+ H.* 6%&2#'+:7 U(*1.8#*G

!CD! e

8A9,/0' 1/'/0'&'<' /,*'C% 9'/,+1-.'<'


9,)'"% &'0)5"' '+, 4A9)1
07O)7 6"%&% 0'8'&'8, 07O)7 0AO)' '/5"'8#
07O)7 "56' 07O)7 &'/' ?A9)1
8A9,/0'mN'"* Q'B76*%k 1/'/0'&'<'m)',( E$7,,<0$k /,*'C%P68%"k
9'/,+1-.'<'P(.8 *%),8$,k 9,)'"%P86L'3,k &'0)5"'m,:88(k '+,PB8"3k
4A9)1PE8%0(7<0$k 07O)7PE'(. '< H.8)k 6"%&%P:7(. $'B8k 0'8'&'8,P
'B8":.8$)8*k 07O)7PE'(. '< H.8)k 0AO)'P(':%"*, 8%O. '(.8"k
'/5"'8#P%((%O.8*k 07O)7PE'(.k "56'P:7(. E8%0(3k 07O)7PE'(.k
&'/'P)76*k ?A9)1P%(("%O(8*R

;'< I%-.&2( .* U#'*%&.+.#2 B7.**G H# .* *:''%:&2#2 B) 1"# /%U<* (&2 #&o%)*


-('.%:* *6##1 U(*1.8#*G !"#) ('# %-#'6"#78#2 B) 7%-#L (11'(31#2 (&2
(11(3"#2 1% #(3" %1"#'P* B#(:1)G

!CD! Eg

o4
9"'B'-65"'-9'/,+1"' .'"';' 14"'<' @1"'
*'"' &'/' %*1/+' *'",<1
'/<' 9A?' 8'O07-8A?' /1 47/,)' 7++'"A?'
"1*)' 6"%&' )D0'<% 9)'",<1
9"'B'-65"'P'< G"%L%k 9'/,+1"'P(.8 *%),8$,k .'"';'P(.8 $'(0, <88(k
14"'<'P(.8 ,.8$(8"k @1"'P8,,86O8k *'"'P*'k &'/'P)76*k %*1/+'P
:7(.'0( *8B7%(7'6k *'",<1P*'76=k '/<'P'(.8"k 9A?'P('@7O,k 8'O07-
8A?'P=',,7@76=k /1P6'(k 47/,)'P.8%"k 7++'"A?'P0"=8k "1*)'P/88@k
6"%&'P$'B8k )D0'<%P76 (.8 .8%"(k 9)'",<1P<7$$8*R

\ 8) 8.&2L 1(5# *"#71#' %+ 1"# 7%1:* +##1 %+ 1"# 2(8*#7* %+ h'(o( 6.1"%:1
2#-.(1.%&G 0% &%1 "#(' :*#7#** /%**.U*L .&*1#(2 +.77 8) "#('1 6.1" MN?O(P*
U'#8(G
H.8 :'"* 7++'"A?' 76*7O%(8, (.%( '68 ,.'0$* /88@ (.8 0"=8 '< $'B76=
8O,(%O3 :7(.76 '68_, .8%"( %6* 6'( 8].7E7( 7( @0E$7O$3R

!CD! EE

CY1#'&(7 f#&:&3.(1.%& +%' 9&1#'&(7 f#(7.X(1.%&

616'-67O<'-&'<' 0%)' @'*'?, '/,+<' %),


0)'/' B'/' @'9' &,.)1 0)'/0'
&'",?% B1,9% *A+)1 /1 61A +1)1+% 9<'+)1
+'95 /,+, *'"' *'"B<' &'/0'
616'-67O<'-&'<'m)7] :7(. ,76 %6* @78(3k 0%)'m(.8 ':68" '< (.8
E'*3k @'*'?,P%$$k '/,+<'P(8)@'"%"3k %),P(.7,k 0)'/'P:8%$(.k B'/'P
<'$$':8",k @'9'P%$$k &,.)1P<%$,8k 0)'/0'PO'6O8@(7'6k &'",?%P%<(8"
*8%(.k B1,9%P:7$$ ='k *A+)1P:.8"8k /1P6'(k 61AP=8(k +1)1+%P76
(.%(k 9<'+)1P@%76k +'95P,(7$$k /,+,P"8@8%(8*$3k *'"'P*'k *'"B<'
&'/0'P,76<0$ %O(7B7(78,

\ 8) 8.&2L )%: *"%:72 5&%6 1".* +%' 3#'1(.& 1"(1 1"# 2:(7.1.#* %+ *.& (&2
U.#1) ('# (77 1#8U%'(')G ^#(71" (&2 +%77%6#'* ('# (77 +(7*#G r%: 2% &%1
5&%6 6"#'# )%: 6.77 /% (+1#' 2#(1"G r%: 2% &%1 +##7 U(.& (B%:1 1".* (&2
*1.77 )%: 3%&1.&:# 6.1" )%:' *.&+:7 (31.-.1.#*G

o^
!CD! EQ

"1B1"' B% "1B<'-61C' B%/' /'+5B1"' /1C'


0%*),+% 0%*),+% *,.)5 /'<'
)%/' &1<1 *'"% B%, 6'"'&' #4a'"' @%,
+1O"% &'/' @'01 *'"' 9)'<'
"1B1"'m'< (.8 /76=k B%P(.%(k "1B<'-61C'P(.8 /76=*')k B%/'P%, 7<k
/'+5B1"' /1C'P%O( '< @$%3k 0%*),+% 0%*),+%P="%*0%$$3k *,.)5 /'<'P%, 7<
6'(.76=k )%/'P,0O.k &1<1m7$$0,'"3k *'"%P*'8,k B%,P:.'8B8"k 6'"'&'
#4a'"'P(.8 J0@"8)8 N'"*k @%,P.7,k +1O"%P(' .7)k &'/'P[ )3
)76*k @'01P%$:%3,k *'"' 9)'<'PE8 %<"%7* '<R

!"# *1(1# (&2 (28.&.*1'(1.%& %+ ( 5.&/ .* o:*1 7.5# (& (31 %+ ( U7()G 91
/'(2:(77) -(&W:.*"#* .& 2:# 3%:'*# %+ 1.8#G \ 8) 8.&2L .1 .* H#L 1"#
[:U'#8# ,%'2 6"% 3(:*#* 1".* *"%6 B) H.* .77:*%') #&#'/)G h# (76()*
(+'(.2 %+ +(77.&/ :&2#' .1* 3%&1'%7G

!CD! ES

616% /1 *'",)' &'/' '0)'&' @% 616#-B'/'


+1"% &'/' 05"% 6'",)'",
65O<'B% @5*)%"' 0)1&' +1"' /1 ?',A /1&'
65O<' &7*+, 07, +<'8' *'",
616%m76 ,76<0$ %O(7B7(78,k /1P6'(k *'",)'P*'k &'/'P)76*k
'0)'&'P<%$$86k @%m.8k 616#-B'/'m% ,7668"k +1"%m(' .7)k &'/'P[
)3 )76*k 05"%P<%" %:%3k 6'",)'",P=7B8 0@k 65O<'P@78(3k B%P(.%(
:.7O.k @5*)%"'P'< .%@@768,,k 0)1&'P%E'*8k +1"'P(.%(k /1P*' 6'(k
?',AP(%/8k /1&'m6%)8k 65O<'P@78(3k &7*+,P$7E8"%(7'6F 07,PE'(.k
+<18' *'",P=7B8 0@R

\ 8.&2L 2% &%1 .&2:7/# .& *.&+:7 (31.-.1.#* B#3(:*# *.&&#'* ('# 8%*1 +(77#&G
I.-# :U B(2 (**%3.(1.%& +'%8 ( 2.*1(&3#G 471"%:/" U.#1) .* 1"# (B%2# %+
8(1#'.(7 "(UU.&#**L 2% &%1 *1'.-# +%' .1L '(1"#' /.-# :U 1"# 2#*.'# +%' U.#1)
(&2 7.B#'(1.%&G

ob
!CD! EV

6"%&'-9)'*+,-@50)'-/,0), +1)% 059' /,"'9'0),


1"' B'+' *H'"' /,0), 6"1<'
/,"'O+'"' @5*)' 619% @'*'?' @'O+'6' B19%
6'"'-+'++a' *'",?% 761<'
6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k @50)'-/,0),P'O8%6 '< 68O(%"k
+1)%P76 (.%(k 059'P*"':68*k /,"'9'0),PO'6,(%6($3k 1"' B'+'P%$$
'(.8",k *H'"' /,0),P'O8%6 '< ,%$(k 6"1<'P%$)',(k /,"'O+'"'P%$:%3,k
@5*)'P.%@@768,,k 619%P:7$$ "8O87B8k @'*'?'P%$$k @'O+'6'P(.8
(."88<'$* )7,8"78,k B19%P:7$$ =' %:%3k 6'"'-+'++a'P(.8 ,0@"8)8 ("0(.k
*'",?%PS .%B8 (.0, 8]@$%768*k 761<'P@"'O8,,

,%-.&/ 2#-%1.%&(7 *#'-.3# .* 1"# %3#(& %+ &#31('G h# (76()* 2'%6&#2 .&


1"(1 %3#(&G C-#')1".&/ #7*# .* 7.5# (& %3#(& %+ *(71G 9+ )%: +%77%6 1".*
U'%3#**L )%: 6.77 (3".#-# #1#'&(7 B7.** (&2 (77 )%:' 7(8#&1(1.%&* 6.77 /%
(6()G

!CD! EZ

'/<%"' 6'"'4' B%/' /1), *'01.,+ )%/'


,)1+% )',9% @'910)1/'
"10)1-*DH;' /1&' 81/' %, @% 6'"'&' 0)<1/'
1"' /1 *'",)' 6'"'&1;'
'/<%"'m'< '(.8",k 6'"'4'm('0O.k B%/'P8B86k /1),P*' 6'(k *'01.,+P
,8$*')k )%/'P.%@@86,k ,)1+%P76 (.7,k )',9%P:7$$ E8k @'910)1/'P
O%0(7'0,k "10)1-*DH;'P!"# 5+*.7/+ %6* !"# KUTV%k /1&' 81/'PO.%6(
H.87" 6%)8,k %,P(.7,k @%P(.%(k 6'"'&'P,0@"8)8k 0)<1/'P
)8*7(%(7'6k 1"'P)'"8k /1P6'(k *'",)'P*'k 6'"'&1;'P='%$R

=#-#' (**%3.(1# 6.1" &%&i2#-%1##*G h# -#') 3('#+:7 (B%:1 1"#8G R"(&1.&/


1"# &(8#* %+ f>2"> (&2 MN?O( .* 1"# "./"#*1 +%'8 %+ 8#2.1(1.%&G 0% &%1
(33#U1 (&) %1"#' U'%3#** (* 1"# /%(7 %+ 7.+#G
[68 ,.'0$* 6'( %,,'O7%(8 :7(. 6'6;*8B'(88, ,0O. %, <A8#@9 @,80*'
"8606O7%(8,9 *'"&#@ %6* BE1/#@9 8B86 7< '68 7, 76 *%6=8"R [68 ,.'0$*

on
%$:%3, )8*7(%(8 '6 (.8 E8%0(7<0$ <'"), '< 5+*.+ %6* KUTV% %6* O.%6(
H.87" 6%)8,R G8,7*8, (.7,9 '68 ,.'0$* 6'( %OO8@( %63 '(.8" @"'O8,, ,0O.
%, <"07(7B8 %O(7B7(78, %, (.8 ='%$ '< $7<8R

!CD! E]

*'"&# BE1/# &,4"'-9)'*+' /1 )'9% +1<' '/5"'*+'


4700)'-9)'B'/%+% *'"' &'/'
9"'B'-B'/%"' B%, &'+' +1)% )'9% '/58'+'
%, @% 6'"'&' +'++a'-0)'/'
*'"&#m(.8 @8"<'")8", '< <"07(7B8 %O(7B7(78,k BE1/#m7)@8",'6%$7,(,k
&,4"'-9)'*+'P)7]8* *8B'(88,k /1P*' 6'(k )'9%P:7$$ E8k +1<'P76
(.%(k '/5"'*+'P%((%O.8*k 4700)'P@0"8k 9)'B'/%+%P76 :'",.7@@76= (.8
N'"*k *'"' &'/'P86=%=8 3'0" )76*k 9"'B'-B'/%"'P'< (.8 "8,7*86(, '<
G"%L%k B%, &'+'P(.8 '@767'6k +1)%P76 (.%(k )'9%P:7$$ E8k '/58'+'P
<'$$':k %, @%P(.7, 7, (.8k 6'"'&' +'++a'P,0@"8)8 ("0(.k 0)'/'P
:8%$(.R

0% &%1 8.&/7# 6.1" +':.1.-# 6%'5#'*L 8#&1(7 *U#3:7(1%'* (&2 8.Y#2


2#-%1##*G 9&*1#(2 #&/(/# )%:'*#7+ .& U:'# 2#-%1.%&(7 *#'-.3# :&2#' 1"#
/:.2(&3# %+ 1"# '#*.2#&1* %+ h'(o(G !".* .* 1"# "./"#*1 1'#(*:'#G

!CD! E_

6"1"+)'/1 *'",9% @'01 4700)'-9)1=% 6"%&'-*'+)1


/1&'-&'O+"% *'",<1 '9)%0'
1HC,*' *'",<1 &'/' 9)'B' "1O81 4"#-.'"';'
8"'/+),-616' )'9% 6'",..)%0'
6"1"+)'/1m@"%3k *'",9%m:7$$ *'k @'01P%$:%3,k 4700)'-9)1=%m@0"8$3k
6"%&'-*'+)1m$'B76= ('@7O,k /1&'-&'O+"%P:7(. .'$3 6%)8, %6*
)%6("%,k *'",<1mO'6,7*8"76=k '9)%0'P6'6;*7<<8"86(k 1@+,*'P@0"7<3k
*'",<1P*'76=k &'/'P)76*k 9)'B'P:'",.7@k "1O81P"8$7,.8*k 4"#-
.'"';'P$'(0, <88(k 8"'/+),P/6'(,k 616'P,76<0$ %O(7B7(78,k )'9%P:7$$
E8k 6'",..)%0'P06<'$*8*R

oZ
9 6.77 (76()* 2#*.'# 1% /7%'.+) 1"# 1'(&*3#&2#&1(7 1%U.3* %+ f>2"> (&2
MN?O(L 3%&*.2#'.&/ 1"# "%7) &(8#* (&2 8(&1'(* (* &%&i2.++#'#&1 +'%8
!"#8G 9 6.77 +.Y 8) 8.&2 .& 6%'*".UU.&/ 1"# 7%1:* +##1 %+ f>2"> (&2
MN?O(G !"#& 1"# 5&%1* %+ *.&+:7 2#*.'#* 6.1".& 8) "#('1 6.77 B# :&2%&#G

!CD! E`

"10)1-*DH;' 4"#-.'"';' +1+% @'9' @'&'"6';'


4"#-.'"';% 9'?,)1", B1O'
05O)7 /1&' 47/, 47/, 9)'*+' &5*)% 65/, 65/,
6'"'&' 1/'/0' @5*)'-61E1
"10)1-*DH;'m!"# 5+*.+ %6* KUTV%k 4"#-.'"';'P$'(0, <88(k +1+%P76
(.%(k @'9'P8B8"3(.76=k @'&'"6';'m,0""86*8"k 4"#-.'"';%P06(' (.8
$'(0, <88(k 9'?,)1", B1O'P="8%(k 05O)7PE'(.k /1&'P(.8 .'$3 6%)8,k
47/, 47/,P"8@8%(8*$3 .8%"76=k 9)'*+' &5*)%P(."'0=. (.8 )'0(., '<
(.8 *8B'(88,k 65/, 65/,P%=%76 %6* %=%76k 6'"'&' 1/'/0'P="8%(
.%@@768,,k @5*)'-61E1P:7$$ E8 ,%(7,<78*

9 *:''#&2#' 8)*#7+ :&1% 1"# 7%1:* +##1 %+ f>2"> (&2 MN?O( (&2 1(5# !"#.'
8#'3.+:7 *"#71#'G 9 6.77 '#U#(1#27) "#(' 1"# &(8#* %+ f>2"> (&2 MN?O(
+'%8 1"# 8%:1"* %+ U:'# 2#-%1##* (&2 (11(.& /'#(1 "(UU.&#** (&2
*(1.*+(31.%&G

!CD! Ee

)%&'-8'7",-+'/5 "1, 1O*), 0'"'4'/' .1,


"A0'/' *'",9' '9),?1H%
B'?'0)'"' 0)'"' 0)'"' 'O8' '+, &'/A)'"'
"56% 87;% 9)59'/' 6"'*14%
)%&'-8'7",P)'$(86 ='$*k +'/5PE'*3k "1,P!"# 5+*.+k 1O*),P838,k
0'"'4'/' .1,P:%6( (' ,88k "A0'/' *'",9'P:7$$ O"3k '9),?1H%P:7(. %
*8,7"8k B'?'0)'"'P(.8 O$'0*,k 0)'"' 0)'"'m68:$3k 'O8'P(.8 $7)E,k '+,
&'/A)'"'P)',( 86O.%6(76=k "56%P76 E8%0(3k 87;%m76 h0%$7(78,k
9)59'/' 6"'*14%P7$$0)76%(8, (.8 :.'$8 :'"$*

oo
9 6.77 2#*.'# 1% *## 1"# /%72#& 3%8U7#Y.%&#2 f>2"> 6.1" 8) %6& #)#*G 9
6.77 3') 1% *## 1"# #&3"(&1.&/ +%'8 (&2 W:(7.1.#* %+ MN?O( 6"%*#
3%8U7#Y.%& .* 7.5# 1"# &#6 37%:2*G

!CD! Qg

@'*)#-8';' .1",-614% @%91 *'"% '9),?1H%


6'"'&' @% @%91-@5*)' 0)'"%
%, 9)';% &'/% &A"' %, "'@% )'E1 9)A"'
/'"A++'&' @'01-, 9,)'"%
@'*)#-8';'m(.8 ,%/.#,k .1",-614%P'6 <'0" ,7*8,k @%91 *'"%P,8"B8k
'9),?1H%P%OO'"*76= (' (.87" *8,7"8k 6'"'&'P,0@"8)8k @%P(.%(k @%91P
,8"B7O8k @5*)'P.%@@768,,k 0)'"%P378$*,k %, 9)';%P(.7, *8,7"8k &'/%
&A"'P76 )3 )76*k %, "'@%P76 (.7, )8$$':,k )'E1 9)A"'PE876=
%E,'"E8*k /'"A++'&'P!"#$% &%"'((%)% *+,% -.+/0"%k @'01,P%$:%3,k
9,)'"%P86L'3,

!"# *(5"<* *:''%:&2 ;'< ;'< f>2"> (&2 MN?O( %& (77 +%:' *.2#*L (&2 6".7#
*#'-.&/ !"#8L +##7 #3*1(1.3 B7.** .& 1"#.' "#('1*G =('%11(8( 2>*( 2#*.'#*
*:3" *#'-.3# B#.&/ (B*%'B#2 .& 7%-.&/ 1'(&*3#&2#&1(7 8#77%6*G

R"(U1#' [#-#&p
!"# R"('(31#'.*1.3* %+ (& v&(77%)#2 0#-%1##

!CD! E

"10)1-*DH;' *'"AO 0)<1/' @a'6'/% /1 9'?' 1/'


6"%&' 9,/1 1/' /1), .1O7
B58'?'-*,4A"'-6"%&' ?'*H'-91;' B%/' )%&'
1"'+,-6,"#+,-"'@% 0)<1E'
"10)1-*DH;'P!"# 5+*.+ %6* !"# KUTV%R *'"AO 0)<1/'P)8*7(%(8k

oq
@a'6'/%P76 (.8 *"8%)k /1P*' 6'(k 9'?'P,@8%/k 1/'P)06*%68
('@7O,k 6"%&'P$'B8 '< Q'*k 9,/1P:7(.'0(k 1/'m%63(.76= 8$,8k /1),P
6'(k .1O7m.%6/8"k B58'?'-*,4A"'P(.8 M7B768 C'0@$8k 6"%&'P$'B8k
?'*H'-91;'P"8<768* % )7$$7'6 (7)8,k B%/' )%&'P$7/8 ='$*k 1"'+,P
8%=8"$3k 6,"#+,-"'@%P76 ("%6,O86*86(%$ )8$$':,k 0)<1E'P)8*7(%(8R

9 6.77 8#2.1(1# %& f>2"> (&2 MN?O(G 9 6.77 &%1 *U#(5 (B%:1 (&) %1"#'
1%U.3* #-#& .& 8) 2'#(8*G 9 6.77 &%1 "(&5#' +%' (&)1".&/ #7*# #Y3#U1
7%-.&/ *#'-.3# 1% 1"# 0.-.&# r%:1"+:7 R%:U7#G !"# 7%-.&/ *#&1.8#&1* %+
f>2"> (&2 MN?O( ('# 7.5# /%72 '#+.&#2 ( 8.77.%& 1.8#*G !"#'#+%'#L \ 8)
8.&2L U7#(*# 3%&*1(&17) 8#2.1(1# %& f>2"> (&2 MN?O( (* )%:' %&7)
7%-#(B7# %Bo#31G
[ )3 )76*9 E8O%0,8 3'0 .%B8 E886 76 % )7,8"%E$8 O'6*7(7'69 6': ,(%"(
)8*7(%(76= '6 (.%( :.7O. .%, (.8 6%(0"8 '< 6"#+, @7*)'9 (.8 .%@@768,, '<
$'B8R

!CD! Q

B'?' 9,/5 B%/' &#/' 05>*)' 61<' 1<5 )#/'


6"%&' 9,/5 @%,-&'+' 9)'*+'
.1+'*' B'?'0'-8'+, %-&'+, %*1/+'-"1+,
B1/% B%, @%, '/5"'*+'
B'?' 9,/5m:7(.'0( :%(8"k B%/'m%,k &#/'P(.8 <7,.k 05>*)' 61<'P
,0<<8",k 1<5 )#/'P*78,k 6"%&'P$'B8k 9,/5P:7(.'0(k @%,-&'+'P$7/8
(.%(k 9)'*+'P(.8 *8B'(88k .1+'*'PO+(%/% E7"*k B'?'0'P"%76k 8'+,P
,'$%O8k %-&'+,P,0O.k %*1/+'-"1+,P06%$$'38* *8B'(7'6%$ ,8"B7O8k B1/%
B%,P'68 :.' /6':,k @%,P.8k '/5"'*+'P@0"8 *8B'(88R

T:*1 (* ( +.*" %:1 %+ 6(1#' +##7* /'#(1 2.*1'#** (&2 2.#*L *.8.7('7) 1"#
2#-%1## +##7* 2.*1'#**#2 6.1"%:1 7%-# %+ I%2G 4* ( 3>1(5( B.'2 2'.&5* %&7)
'(.& 6(1#'L *.8.7('7) :&(77%)#2 2#-%1##* '#7.*" %&7) 7%-# %+ I%2G

!CD! S

&'"'/0'-9)"'&'"' B%/' .'*A"'-.'/0",*1 +%/'

oX
6'+,-9"'+1 B'/%"' <%/' 6'+,
'/<'+"' /1 .'?% &'/' B%/' 0'",0"%"' 0)'/'
%,-&'+' 6"%&'-9)'*+,-"#+,
&'"'/0'P.'683k 9)"'&'"'PE0)E$8E88k B%/'P7, <'"k .'*A"'P%
@%("7*=8k .'/0",*1P"%3, '< (.8 )''6k +%/'PL0,( $7/8k 6'+,-9"'+1
B'/%"'m'< % O.%,(8 :7<8k <%/'mL0,( $7/8k 6'+,P.0,E%6*k '/<'+"' /1
.'?%P*'8, 6'( *8B7%(8k &'/'P(.8 )76*k B%/'P$7/8k 0'",0"%"' 0)'/'P
(.8 :8%$(. '< % @''" )%6k %,P(.7,k &'+'P:%3k 6"%&'-9)'*+,P$'B76=
*8B'(7'6%$ ,8"B7O8k "#+,mO.%"%O(8"7,(7O,R

T:*1 (* ( B:8B7#B## .* (11(3"#2 1% "%&#)L ( 3(5%'( B.'2 .* (11(3"#2 1% 1"#


&#31(' %+ 1"# 8%%&L ( 3"(*1# 6.+# .* (11(3"#2 1% "#' ":*B(&2L (&2 ( U%%'
8(& .* (11(3"#2 1% 6#(71"L *.8.7('7) 1"# 8.&2* %+ 2#-%1##* ('# (11(3"#2 1%
1"# 7%-.&/ *#'-.3# %+ f>2"> (&2 MN?O(G

!CD! V

=,H'<' 8'"'?'-&'<' +1)% &1/' @5*)'-.'<'


@% /1 @5*)' 05>*)' *'", &1/'
8A9,/0'-9,H'<'-"'@' @'O8' *'"' +1O"' 01@'
6"%&'-9)'*+, @'+<' *'", B1/'
=,H'<'m)%(8"7%$ ,86,8 'EL8O(,k 8'"'?'-&'<'P@'7,'6'0,k +1)%P76 (.%(k
&1/'PO'6,7*8"k @5*)'-.'<'P.%@@768,,k @%P(.%(k /1P6'(k @5*)'P
.%@@768,,k 05>*)'P)7,8"3k *'", &1/'P%OO8@(k 8A9,/0'-9,H'<'-"'@'P
(.8 68O(%"8%6 ('@7O, '< Q'B76*%k @'O8' *'"'m%,,'O7%(8k +1O"'P.7,k
01@'P,8"B%6(k 6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k @'+<' *'",P
8(8"6%$ %6* <%O(0%$k B1/'m%OO8@(R

$(1#'.(7 #&o%)8#&1* ('# +:77 %+ U%.*%&L B:1 )%: 3%&*.2#' 1"#8 U7#(*.&/G
0% &%1 1".&5 %+ 1"#8 (* ( *%:'3# %+ "(UU.&#**L B:1 :&2#'*1(&2 1"#8 (*
2.*1'#**G h# (B*%'B#2 .& +:77 1"%:/"1 %+ I%-.&2(L (**%3.(1# 6.1" H.*
2#-%1##* (&2 3%&37:2# 1"(1 7%-.&/ 2#-%1.%&(7 *#'-.3# .* 1"# /%(7 %+ 7.+#G

!CD! Z

qs
&'0)<% &'0)<% 1.)% 05HC' 0DHC, *'", )'<' "5HC'
85;'*% 9,87;' *'", &1/%
8A9,/0'-9,&5*)'-B'/% @6)5"+, /')% )%/' 0)'/%
?'7*,*' *'",<1 @'9' B1/%
&'0)<% &'0)<%m,')8(7)8,k 1.)%P(.8"8 %"8k 05HC'P)7,O.78B'0,
@8'@$8k 0DHC, *'",PE3 ,8876=k )'<'P7,k "5HC'P%66'38*k 85;'*%P(.8
h0%$7(78,k 9,87;'P*7,h0%$7<7O%(7'6k *'", &1/%PO'6,7*8"k 8A9,/0'PN'"*
Q'B76*%k 9,&5*)'P%B8",8k B'/%P@8",'6,k @6)5"+,P76,@7"%(7'6k /')%P
6'(k )%/'P,0O.k 0)'/%P:8%$(.k ?'7*,*'P:'"$*$3k *'",<1P%,k @'9'P
%$$k B1/%P/6':,

[%8#1.8#* 1"# 8.*3".#-%:* U#%U7# B#3%8# (&/') B) *##.&/ 1"# 2#(7.&/* %+


2#-%1##*G !"#) (33#U1 1"# /%%2 W:(7.1.#* %+ 2#-%1##* (* B(2 W:(7.1.#*G !"#
6#(71" %+ 7%-.&/ 2#-%1.%&(7 *#'-.3# 2%#* &%1 8(&.+#*1 .& 1"# "#('1* %+
1"%*# 6"% ('# (-#'*# 1% I%-.&2( B#3(:*# 1"#) 3%&*.2#' 1".* 6#(71" (*
8:&2(&#G
H.8"8 %"8 )%63 )7,O"8%6(, :.' %"8 %B8",8 (' !"# KUTV%R H.83 E8O')8
B8"3 %6="3 E3 ,8876= (.8 $'B76= *8%$76=, '< (.8 *8B'(88,R H.83 O'6,7*8"
*%6O76=9 O.%6(76=9 $%0=.76=9 %6* O"376= '< *8B'(88,9 :.7O. %"8 E'"6
<"') 8O,(%(7O $'B89 %, )%*68,, '" <%0$(R

!CD! ]

'BE1/' '9)18<1 B'+' /1), ?'<' @'+'-&'+'


')'O*'"% /1 B1/% 16'/1
'9),&1/# 9)'*+,-)#/' B'8'-&1B)% @%, 0#/'
9D+)1 +1"' '4%H' 9)19'/1
'BE1/'m7=6'"%6(k '9)18<1P06<'"(06%(8k B'+'P%$$k /1),P*' 6'(k
?'<'P(%/8k @'+'-&'+'P(.8 @%(. '< (.8 *8B'(88,k ')'O*'"%P:7(. <%$,8
8='k /1 B1/%P*' 6'( /6':k 16'/1P(.8),8$B8,k '9),&1/#P@"'0*k
9)'*+,-)#/'P*8B'7* '< *8B'(7'6%$ ,8"B7O8k B'8'-&1B)%P76 (.7, :'"$*k
@%,P.8k 0#/'P@''"k 9D+)1P0,8$8,,k +1"'P.7,k '4%H'P06$7)7(8*k
9)19'/1P*8,7"8,

!"%*# 6"% ('# %-#'6"#78#2 6.1" &#*3.#&3# 2% &%1 1(5# 1% 1"# U(1" %+

qY
2#-%1.%&G [:3" U#'*%&* ('# +:77 %+ +(7*# #/%L U'.2# (&2 .&&:8#'(B7# :*#7#**
2#*.'#*G !"#) ('# 8%*1 +(77#& .& 1".* 6%'72 (&2 ('# 2#-%.2 %+ 2#-%1.%&(7
*#'-.3#G

!CD! _

1"' @'9' 6'",)'", 6'"'&' #4a'"' )'",


@%=' &'/' *'", 6"%&'-14'
%*'-9"'B'-"1B'-65"' 8A9,/0' "'@,*'-9'"'
*'"')' @'01, '9),?1H'
1"' @'9'm8B8"3(.76= 8$,8k 6'",)'",P=7B76= 0@k 6'"'&'P,0@"8)8k
#4a'"'P(.8 O'6("'$$8"k )'",PN'"* P%"7k @%='P,8"B8k &'/'P[ )76*k
*'",P.%B76=k 6"%&'-14'm(.8 *8,7"8 (' %O.78B8 $'B8 '< Q'*k %*'-9"'B'-
"1B'-65"'P'6$3 76 G"%L%k 8A9,/0'PN'"* Q'B76*%k "'@,*'-9'"'PP8
:.' 7, 8]@8"( 76 O'6L0=%$ @%,(7)8,k *'"')'P*'k @'01,PO'6,(%6($3k
'9),?1H'P*8,7"8R

\ 8) 8.&2L (B(&2%& #-#')1".&/ (&2 *#'-# 1"# [:U'#8# R%&1'%77#' ,%'2


H('.L 6.1" ( 2#*.'# 1% (11(.& 7%-# %+ I%2G \&7) "(&5#' +%' 1"# *#'-.3# %+
I%-.&2(L 1"# '#*#'-%.' %+ (77 U7#(*:'# .& h'(o(G
!"#$% &%"'((%)% *+,% -.+/0"% 7, ,%376=9 a[ )3 )76*9 @$8%,8 O'6,(%6($3
*8,7"8 (' %((%76 (.8 $'(0, <88( '< Q'B76*% 76 G"%L%9 :.' 7, 8]@8"( 76
O'6L0=%$ %<<%7",Rc

!CD! `

/'"A++'&' 01@' *')% @'01 &A"' 6"1;' 0')%


)%/' 9)'*+'-@'O8' /1 61,<1
'9)18<%"' /1), A"' &,.)1B'-)',?5 9)A"'
05>*)' "')% '/+'"% B18,<1
/'"A++'&' 01@'m&%"'((%)% *+,% k *')%P,%3,k @'01P%$:%3,k &A"'P
)768k 6"1;'P$7<8k 0')%PE0"676=k )%/'P,0O.k 9)'*+'P*8B'(88k
@'O8'P%,,'O7%(7'6k /1P6'(k 61,<1P"8O87B76=k '9)18<%"'P)7,<'"(068k
/1),P(.8"8 7, 6'(k A"'P$7)7(k &,.)1B'P<%$,8 O'6O8@(7'6k )',?5P
E8O%)8k 9)A"'P%E,'"E8*k 05>*)'P*7,("8,,k "')%P"8)%76,k 'O+'"%P76

q4
(.8 .8%"(k B18,<1P%:%/868*R

=('%11(8( 2>*( *()*L b$) 8.&2 .* 3%&*1(&17) B:'&.&/ 6.1"%:1 1"#


(**%3.(1.%& %+ U:'# 2#-%1##*G !"#'# .* &% #&2 1% 8) 8.*+%'1:&# (* 9 (8
(B*%'B#2 .& 8.*3%&3#U1.%&* (&2 8) "#('1 .* +.77#2 6.1" 2.*1'#**Gd

R"(U1#' C./"1p
K.Y#2 ,%-.&/ 0#-%1.%&(7 [#'-.3#

!CD! E

9'.'/%"' '8A.'"' 9D/019'/' ?#?1-@+'?'


@a'6"'*14' 6"%&1/'/0'-8)'/'
B1)1+% 6"'*'C' @5*)' /1), B'"1-&D+<5-05>*)'
*DH;'-?#?1-"'@' '/5*H';'
9'.'/%"'m:'"*,k '8A.'"'PE83'6*k 9D/019'/'P(.8 %E'*8 '<
AU6*+B%6%k ?#?1-@+'?'PB%"7'0, @$%O8, '< @%,(7)8,k @a'6"'*14'P,8$<
)%67<8,(k 6"%&1/'/0'P8O,(%(7O $'B8k 8)'/'P76(86,8k B1)1+%P76
:.7O.k 6"'*'C'P)%67<8,(8*k @5*)'P.%@@768,,k /1),P*'8, 6'( 8]7,(k
B'"1P'$* %=8k &D+<5P*8%(.k 05>*)'P*7,("8,,k *DH;'PN'"* KUTV%k ?#?1-
"'@'P(.8 68O(%"8%6 @%,(7)8,k '/5*H';'P%$:%3,R

;'< qN&2>-(&(L 1"# U7(3# %+ 1"# U(*1.8#* %+ f>2"> (&2 MN?O(L .*


.&2#*3'.B(B7#G 91 .* *#7+i8(&.+#*1 (&2 +:77 %+ #3*1(1.3 7%-#G H(UU.&#** .*
#1#'&(77) U'#*#&1 1"#'#G 91 .* 2#-%.2 %+ 1"# 8.*#'.#* %+ %72 (/# (&2 2#(1"G
!"# U(*1.8#* %+ MN?O( ('# 3%&*1(&17) U#'+%'8#2 1"#'#G
!"#$% &%"'((%)% *+,% -.+/0"% *8,O"7E8, AU6*+B%6% ,%376= ='.'/%"'
'8A.'"'R g.86 7( 7, 6'( @',,7E$8 (' <0$$3 *8,O"7E8 % @$%O89 (.86 (.8 @."%,8
='.'/%"' '8A.'"' 7, 0,8*R
k,0': =D/01='/': "'&<': &'&' 0)1&',=' *%='?'&
'+"' <% 6'4'=A 6'*H#-=D*H1> *#C1 /'"1&'"1>

q^
<% ='@'/+, &'&10),H;<% &D+1 <'/+, &'&1?'<'&l
aH.7, AU6*+B%6% 7, 13 ':6 )',( E8$'B8* %E'*8R >B8"3'68 :.' $7B8,
.8"8 76 13 %E'*8m(.8 %67)%$,9 E7"*,9 ("88,9 76,8O(,9 .0)%6, %6*
*8)7='*,m:.86 (.83 *78 (.83 =' (' 13 8(8"6%$ /76=*')Rc

!CD! Q

"10)1-*DH;' 05O)5 6"%&' ?'*H'-91/' <%/' )%&'


B1)1"' ),??A?% "'@'-@,/0)5
.'*A"' /'<'/'-6"%&' *1&'-"'+, *'"% 0)<1/'
6,"#+, @5*)%"' 05O)% 9'/0)7
"10)1-*DH;'P!"# 5+*.7/+ %6* !"# KUTV%k 05O)5PE'(.k 6"%&'P$'B8k
?'*H'-91/'P@0"7<78* <'" % )7$$7'6 (7)8,k <%/' )%&'P$7/8 ='$*k B1)1"'P
:.',8k ),??A?%P:%B8,k "'@'-@,/0)5P'O8%6 '< ("%6,O86*86(%$ )8$$':,k
.'*A"'PO%/'"% E7"*k /'<'/'-6"%&'P$'B8$3 838,k *1&'PC0@7*k "'+,P
C0@7*_, :7<8k *'"% 0)<1/'P)8*7(%(8,k 6,"#+,P'< $'B8k @5*)%"'P'<
.%@@768,,k 05O)%PE'(.k 9'/0)7P<"786*,R

!"# 7%-.&/ U(*1.8#* %+ f>2"> (&2 MN?O( ('# 7.5# U:'.+.#2 /%72G !"#) ('#
1"# 6(-#* .& 1"# %3#(& %+ 1'(&*3#&2#&1(7 8#77%6*G !"# #)#* %+ 1"# 0.-.&#
R%:U7# ('# 7.5# 1"# 3(5%'( B.'2* 1"(1 2'.&5 *6##1 &#31('G R:U.2 6.1" ".*
6.+# (76()* 8#2.1(1# 1% (3".#-# 1".* 7%-# %+ I%2G
D @8",'6 :.' 7, %6]7'0, (' =8( "'+, ,.'0$* )8*7(%(8 :7(. $'B8 '6 (.8
E8%0(7<0$ 838, '< E'(. 5+*.+ %6* KUTV%9 :.',8 <%O8, %"8 L0,( $7/8 (.',8
'< (.8 C%/'"% E7"*,R m1)1"'-),??A?'P(.8 ?#?1"'@' '" @%,(7)8, 76
AU6*+B%6% %"8 L0,( $7/8 %6 'O8%69 %6* $'B8 '< 5+*.+ %6* KUTV% %"8 (.8
:%B8, 76 (.%( 'O8%6R

!CD! S

"10),*1 6"%<'@#-9'"1 91&' 0,*% &'/A)'"1


*'/'*'-*%4'"'-*1/+, 0)'"%
'/5"'8%-"'*+' 41U# /#?'-6'CC' &'/A)1"#
&';,&A<' 19)'"';' 6'"%

qb
"10),*1P!"# 5+*.7/+k 6"%<'@#-9'"1P(.8 *8%")',(k 91&'P$8<(k 0,*%P
,7*8k &'/A)'"1P86O.%6(76=k *'/'*'P='$*k *%4'"'P<7$%)86( '< <$':8"k
*1O+,PO')@$8]7'6k 0)'"%P@',,8,,k '/5"'8%P76(86,8 %((%O.)86(k
"'*+' 41U#P"8* ,%"7k /#?'-6'CC'mE$08 ,.%:$k &'/A)1"#m86O.%6(76=k
&';,&A<'P86O.%6(76=k 19)'"';'P'"6%)86(,k 6'"%P:8%",R

!"# /%72#& 3%8U7#Y.%&#2 ;'< f>2".5> .* 1"# 1%U8%*1 (&2 2#('8%*1G ["# .*
8%*1 #&3"(&1.&/ (&2 *#(1#2 %& 1"# 7#+1 %+ ;'< MN?O(G ["# 6#('* ( '#2 *('.
%:1 %+ .&1#&*# (11(3"8#&1 (&2 U:1* ( B7:# *"(67 %& 1%U %+ 1"(1 *('.G ["# .*
B#(:1.+:77) 2#3%'(1#2 6.1" o#6#77#2 %'&(8#&1*G
!"# 5+*.7/+ :8%", % "8* O'$'"8* @'", *08 (' P8" 76(86,8 %((%O.)86( <'"
KUTV%9 %6* @0(, '6 % E$08 ,.%:$ :.7O. "8,8)E$8, KUTV%9 '6 ('@ '< P8"
"8* @'",R G8O%0,8 76(86,8 %((%O.)86( 7, %6 76(8"6%$ )%((8"9 J.8 :8%",
(.8 "8* @'", %, 76(8"6%$ =%")86(R

!CD! V

*'"'<% ?A.'/' 61;' "56'-?#?1 05O)7 0)<1/'


1/'/0% &'8'/' @')'.'"#
9%0'-9,0),-'8A.'"' "'+'/'-9%0#"' 6'"'
@%9' /,+, *,4A"'-*,4A"#
*'"'<%m*'k ?A.'/'P8<%@k 61;'P*"76/k "56'-?#?1PE8%0(3 %6* @%,(7)8,k
05O)7PE'(.k 0)<1/'P)8*7(%(7'6F 1/'/0%P76 8O,(%O3k &'8'/'P
%E,'"E8*k @')'.'"#PO')@%67'6,k 9%0'-9,0),P(.8 A8*7O 76L06O(7'6,k
'8A.'"'P06/6':6k "'+'/'PL8:8$k 9%0#"' 6'"'P'6 (.8 %$(%"k @%9'P
,8"B8k /,+,PO'6,(%6($3k *,4A"'-*,4A"#P(.8 M7B768 w'06= C'0@$8R

477 1"# *(5"<* (&2 1"#.' 3%8U(&.%&* "(UU.7) 2'.&5 1"# *6##1 B#(:1) %+ 1"#
0.-.&# R%:U7# 1"'%:/" 1"#.' #)#* (&2 8#2.1(1# :U%& f>2"> (&2 MN?O(G
!"#) #1#'&(77) *#'-# 1"# r%:&/ R%:U7#L 6"% ('# *#(1#2 %& ( o#6#77#2
(71('L :&(UU'%(3"(B7# B) 1"# q#2(*G

!CD! Z

05"?'9)' B'/'&' )%/' /1), 9)'B' )'", *%/'

qn
*, ?18,<1 &'"' 9)'=' 9'O0)%
.)1U' '/<' *",<1 *'"&' /1), 0%*)' =%0'-0)'"&'
9)'*+, *'"' *DH;'-6'0'-0a'/0a'
05"?'9)'P"%"8k B'/'&'P.0)%6 <'") '< $7<8k )%/'P,0O.k /1),P*'
6'(k 9)'B'P:'",.7@k )'",PN'"* P%"7k *%/'P:.3k *, ?18,<1P<'" :.%(
"8%,'6k &'"'P,0<<8"k 9)'9' 9'O0)%PE'6*%=8 '< )%(8"7%$ $7<8k .)1U'P
=7B8 0@k '/<'P'(.8"k *",<1 *'"&'P@7'0, %6* ,76<0$ *88*,k /1),
0%*)'P*' 6'( ,88k =%0'-0)'"&'P'OO0@%(7'6%$ *0(78, )86(7'68* 76 (.8
A8*%,k 9)'*+, *'"'P86=%=8 76 *8B'(7'6%$ ,8"B7O8k *DH;'-6'0'-
0a'/0a'P06(' (.8 $'(0, <88( '< KUTV%R

\ 8) 8.&2L *#'-.3# 1% ;'< H('. .* '('#7) (3".#-#2G ^") 1"#& 2% )%: &%1
6%'*".U H.8c r%: ('# *.8U7) *:++#'.&/ 2:# 1% 8(1#'.(7 B%&2(/#G
4B(&2%& (77 +':.1.-# (31.-.1.#* (&2 '#7./.%:* 2:1.#* U'#*3'.B#2 .& 1"#
q#2(* (&2 *#'-# 1"# 7%1:* +##1 %+ 1"# ,%'2 6.1" 2#-%1.%&G

!CD! ]

9,H'<' 9,H'&'-8'+, /1), 9)'B' 9"'B'-6'+,


4"#-/'/0' /'/0'/' @5*)'-@1"'
@a'"8' 1"' '6'9'"8' @':@1"' /'"'*'-9)A8'
@'"9'-/14' B'/'&'-9,*1"'
9,H'<'m)%(8"7%$ ,86,8 'EL8O(,k 9,H'&'P*%6=8"'0,k 8'+,P"8,0$(,k
/1),P*' 6'(k 9)'B'P:'",.7@k 9"'B'-6'+,P(.8 N'"* '< G"%L%k 4"#-/'/0'
/'/0'/'P(.8 ,'6 '< &%6*% 1%.+"+L%k @5*)'-@1"'P(.8 %E'*8 '< E$7,,k
@a'"8'P.8%B86k 1"'P%6*k '6'9'"8'P$7E8"%(7'6k @':@1"'P)%(8"7%$
8]7,(86O8k /'"'*'P.8$$k 9)A8'P86L'3k @'"9'-/14'P"076, 8B8"3(.76=k
B'/'&'P.0)%6 <'") '< $7<8k 9,*1"'P:%,(8*R

!"# '#*:71 %+ 8(1#'.(7 #&o%)8#&1* ('# 2(&/#'%:*G ^") 2% )%: &%1


6%'*".U ;'< =(&2(&(&2(&(L 1"# ,%'2 %+ h'(o( (&2 1"# (B%2# %+ #3*1(1.3
B7.**c 0#*.'#* +%' "#(-#&7) U7(&#1*L 7.B#'(1.%& (&2 #&o%).&/ 1"# 8(1#'.(7
6%'72 ('# "#77.*"G !"#) ':.& %&#P* ":8(& +%'8 %+ 7.+#G

!CD! _

qZ
0%)% /1 *'",)' 1HC)1 @'//,*'+% B'&' 41@+'
05>*)%"' @'&50"' *'"&'-8'+,
0%*),<' 47/,<' 9)'B' @10)5-41@+"'-&'+' <'B'
B58'?'-.'"';% *'"' "'+,
0%)%m76 )%(8"7%$ E'*3k /1 *'",)'P*' 6'(k 1HC)1P/88@ <%7(.k
@'//,*'+%P68%"k B'&'Pw%)%"+L%k 4'@+'P'68 :.' @067,.8,k
05>*)%"'P'< )7,8"3k @'&50"'P'O8%6k *'"&'-8'+,P(.8 <"07(, '<
%O(7B7(78,k 0%*),<' 47/,<'PE3 O%"8<0$$3 O'6,7*8"76=k 9)'B'P:'",.7@k
@10)5P(.8 *8B'(88,k 41@+"'P(.8 ,O"7@(0"8,k &'+'P%OO'"*76= ('k
<'B'P:'",.7@k B58'?'P(.8 M7B768 C'0@$8k .'"';%P06(' (.8 $'(0, <88(k
*'"' "'+,PE8 %((%O.8*R

0% &%1 U:1 +(.1" .& 1".* 1#8U%'(') 8(1#'.(7 B%2)L B#3(:*# r(8('>o(L 1"#
7%'2 %+ 2#(1"L .* 6(.1.&/ &#Y1 1% )%:G !"# +7%6 %+ 5('8( .* o:*1 7.5# 1"#
%3#(& %+ *%''%6G R%&*.2#' 1".* U'%U#'7) (&2 6%'*".U 1"# 7%1:* +##1 %+
f>2"> (&2 MN?O( 6.1" (11(3"8#&1 :&2#' 1"# /:.2(&3# %+ *>2": (&2
x>*1'(G
!"#$% &%"'((%)% *+,% -.+/0"% 7, 76,("0O(, (.%( :8 ,.'0$* 06*8",(%6* (.8
(8)@'"%"3 6%(0"8 '< (.8 )%(8"7%$ E'*3 %, :8$$ %, (.8 )%(8"7%$ :'"$*9
:.8"876 "8@8%(8* E7"(. %6* *8%(. (%/8 @$%O89 E3 .8%"76= <"') (.8
,O"7@(0"8, %6* ,8876= *7"8O($3R S6 '"*8" (' E8 @"'(8O(8* <"') (.7,
*%6=8"'0, O'6*7(7'6 '< $7<89 '68 ,.'0$* %$:%3, ,8"B8 (.8 $'(0, <88( '<
5+*.+ %6* KUTV%9 %OO'"*76= (' (.8 76L06O(7'6, '< (.8 ,O"7@(0"8,R

!CD! `

*'"&'-*)1/0' BE1/'-*)1/0' *%='?' 9,H%"' 9)1/0'


'&D+' 9'?,<1 B%91 *)1<'
/1/1 BA/, @'01 6),"% *'0'" B<' 9)'*H';' *'"%
+1"' B'/&' '0)'>-61+% B1<'
*'"&'-*)1/0'm<"07(7B8 %O(7B7(78,k BE1/'-*)1/0'P)86(%$ ,@8O0$%(7'6,k
*%9'?'P'6$3k 9,H%"'P@'7,'6k 9)1/0'P@'(k '&D+'P68O(%"k 9'?,<1P
(.76/76=k B%91m:.'8B8"k *)1<'P*"76/,k /1/1 BA/,mB%"7'0, ,@8O78,k
@'01P%$:%3,k 6),"%PO.%6=8,k *'0'"B<'P%E')76%E$8 7(8),k 9)'*H';'P
8%(k *'"'P*'8,k +1"'P.7,k B'/&'P$7<8k '0)'>61+%P,@'7$8*k B1<'P='8,R

qo
K':.1.-# (31.-.1.#* (&2 8#&1(7 *U#3:7(1.%& ('# 7.5# U%1* %+ U%.*%&G !"%*#
6"% 2'.&5 1".* U%.*%&L 1".&5.&/ .1 1% B# &#31('L +(77 .&1% 1"# 3)37# %+
'#U#(1#2 B.'1" (&2 2#(1"G [:3" U#'*%&* #(1 (B%8.&(B7# 1".&/* (&2 1"#.'
":8(& +%'8 %+ 7.+# .* *U%.7#2G

!CD! e

"10)1-*DH;% /1), "'+, '/<' B'/% 9'?% 6'+,


6"%&'-9)'*+, "#+, /1), B1/%
/1), 9)'*+,"' @'/0)1/' 9)'"'&% *'"'<% 0)<1/'
9D+)1 +1"' @% .)1"' B#9'/%
"10)1-*DH;%m76 5+*.+ %6* KUTV%k /1),P*' 6'(k "'+,P%((%O.)86(k
'/<' B'/%P(' %6'(.8" @8",'6k 9'?%P,%3,k 6'+,P(.8 N'"*k 6"%&'-
9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k "#+,PO.%"%O(8"7,(7O,k /1), B1/%P*'
6'( /6':k /1),P*' 6'(k 9)'*+,"'P'< *8B'(7'6%$ ,8"B7O8k @'/0)1/'P
("%O8k 9)'"'&%P76 7$$0,7'6k *'"'<% 0)<1/'P)8*7(%(8k 9D+)1P0,8$8,,k
+1"'P.7,k @%P(.%(k .)1"'P76,7=67<7O%6(k B#9'/%P$7<8R

!"%*# 6"% "(-# &%1 2#-#7%U#2 (11(3"8#&1 +%' ;'< ;'< f>2">iMN?O(L &%1
5&%6.&/ 1"# U'%3#** %+ 7%-.&/ 2#-%1.%&(7 *#'-.3#L 3%&*.2#' %1"#'* (* 1"#.'
7%'2 (&2 U'%1#31%'G [:3" U#%U7# 2% &%1 .&W:.'# (B%:1 2#-%1.%&(7 *#'-.3#L
'(1"#' 1"#) #&/(/# .& U*#:2% 8#2.1(1.%&G !"#.' 7.-#* ('# :*#7#** (&2
.&*./&.+.3(&1G

!CD! Eg

BE1/' *'"&' *'"% ?A*' /1), B1/% 9)'*+,-<A8'


/1/1-&'+% )',<1 'BE1/'
+1"' *'+)1 /1), 47/, 6'"'&1"+)'-+'++a' B1/,
6"%&'-9)'*+, 9)'*+'-8';'-6"1;'
BE1/' *'"&'m<"07(7B8 %O(7B7(78, %6* )86(%$ ,@8O0$%(7'6k *'"%P*'k
?A*'P@8'@$8k /1),P*' 6'(k B1/%P/6':k 9)'*+,-<A8'P(.8 @"'O8,, '<
*8B'(7'6%$ ,8"B7O8k /1/1PB%"7'0,k &'+%P'@767'6k )',<1PE876=k
'BE1/'P)7,=07*8*k +1"'P7,k *'+)1P,(%(8)86(,k /1),m*' 6'(k 47/,m
.8%"k 6'"'&1"+)'-+'++a'P(.8 %E,'$0(8 ("0(.k B1/,P/6':k 6"%&'-

qq
9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k 9)'*+'-8';'P'< *8B'(88,k 6"1;'P
$7<8 %6* ,'0$R

!"# 7#** .&1#77./#&1 U#%U7# #&/(/# .& U.%:* (31.-.1.#* (&2 *U#3:7(1.-#
5&%67#2/#G !"#) 2% &%1 5&%6 1"# U'%3#** %+ 2#-%1.%&(7 *#'-.3#L B#3(:*#
1"#) ('# 8.*/:.2#2 B) -('.%:* %U.&.%&*G 0% &%1 7.*1#& 1% 1"#8L B:1 5&%6
.1 +%' 3#'1(.& 1"(1 1'(&*3#&2#&1(7 2#-%1.%&(7 *#'-.3# .* 1"# 7.+# (&2 *%:7 %+
1"# 2#-%1##*G
[68 ,.'0$* 6'( .8%" (.8 :'"*, '< (.8 *'"&#@ %6* (.8 BE1/#@R N'B76=
*8B'(7'6%$ ,8"B7O8 7, (.8 $7<8 %6* ,'0$ '< (.8 *8B'(88,R [68 ,.'0$*
O'6,7*8" (.7, $'B76= *8B'(7'6%$ ,8"B7O8 %, (.8 ,0@"8)8 ='%$ '< $7<8R

!CD! EE

B'8'+-9<16'*' )'", 'B'-9)'=' 1BE1-*1"#


&'0)5"' &5"'+, ?#?1-*'+)1
%, +'++a' B1/% B%, 6'"'&' 7++'&' @%,
+1"' @'O8' *'",9' @'"9'+)1
B'8'+P:'"$*k 9<16'*'P@8"B%*76=k )'",PN'"* P%"7k 'B'PN'"*
G"%.)+k 9)'='PN'"* !7B%k 1BE1-*1"#P'"*8" O%""78",k &'0)5"'P,:88(k
&5"'+,P<'")k ?#?1-*'+)1P('@7O, '< @%,(7)8,k %,P(.7,k +'++a'P("0(.k
B1/%P/6':,k B%,P'68 :.'k 6'"'&' 7++'&'P.7=.8,(k @%,P.8k +1"'P
.7,k @'O8'P%,,'O7%(7'6k *'",9'P:7$$ *'k @'"9'+)1PE3 %$$ "8,@8O(,R

471"%:/" ,%'2 H('. .* (77iU#'-(2.&/L (&2 ,%'2 h'("8> (&2 ,%'2 ;.-( ('#
H.* %'2#' 3(''.#'*L &#-#'1"#7#** H.* +%'8 (&2 U(*1.8#* ('# +:77 %+
*6##1&#**G \&# 6"% 5&%6* 1".* *3.#&3#L .* ( 1%U8%*1 2#-%1## (&2 9 6.77
(76()* (**%3.(1# 6.1" ".8G

!CD! EQ

6'"'&' /18'"' *DH;' +1O)% )'A @'+DH;'


9)'B' +1O"% 9"'B'-9)1=' ?'E1
"'@,*'-9)'*'+' @'O8% "'),9' 6,"#+,-"'O8%
9"'B'-65"% 9'@'+, *'",<1

qX
6'"'&'P,0@"8)8k /18'"'P@%"%)'0"k *DH;'PN'"* KUTV%k +1/)%P('
:.')k )'APE8O')8k @'+DH;'m8%=8"k 9)'B'P:'",.7@k +1O"%PP7)k
9"'B'-9)1='P76 (.8 )''* '< G"%L%k ?'E1P%((%76k "'@,*'-9)'*'+'P
*8B'(88, :.' %@@"8O7%(8 $'B76= *8B'(7'6%$ )8$$':,k @'O8%P76 (.8
%,,'O7%(7'6k "'),9'P:7$$ "8)%76k 6,"#+,-"'O8%P76 8O,(%(7O $'B8k 9"'B'-
65"%P76 G"%L%k 9'@'+, *'",<1P"8,7*8 76R

,%'2 MN?O( .* 1"# [:U'#8# A('(8%:'G !"#'#+%'#L B# (76()* (11(3"#2 1%


H.8L (&2 6%'*".U H.8 .& 1"# 8%%2 %+ h'(o(G f#*.2# .& h'(o( (&2
(**%3.(1# 6.1" 2#-%1##* 6"% (UU'#3.(1# 7%-.&/ 2#-%1.%&(7 *#'-.3#G
!"# KUTV% 7, %$$ @8"B%*76=9 %6* (.8 N'"* '< 8B8"3'68R G3 (.8 '"*8" '<
KUTV%9 N'"* G"%.)+ O"8%(8, %6* N'"* !7B% %667.7$%(8,R D$(.'0=. !"#
KUTV% 7, (.8 J0@"8)8 N'"*9 %6* (.8 C'6("'$$8" '< 8B8"3'689 38( P7, <'")
%6* @%,(7)8, %"8 <0$$ '< ,:88(68,,9 6'( '@0$86O8 :.7O. *8)%6*, %:8 %6*
"8B8"86O8 <"') '68_, .8%"(R H.7, 7, (.8 ,@8O7%$ O.%"%O(8"7,(7O '< !"# KUTV%
(.%( *7,(76=07,.8, P7) <"') '(.8" <'"), '< (.8 N'"*R

!CD! ES

4"#-87"7-9)'*'+'-B'/' +1/)1"' .'"';% &'/'


1"A6,<1 *'+)1-'/5@1"%
@'*)#"' @'"9'+)1 &'+' )',<1 +1O)'"' B5+)'
@'01, 9,)'"% 9"'B'-65"%
4"#-87"7P(.8 ,@7"7(0%$ )%,(8"k 9)'*'+'-B'/'P(.8 *8B'(88,k +1/)1"'P
(.87"k .'"';%P06(' (.8 $'(0, <88(k &'/'P(.8 )76*k 1"A6,<1P<7]k
*'+)'P('@7O,k '/5@1"%P%OO'"*76= ('k @'*)#"'P'< (.8 ,%/.#,k
@'"9'+)1PE3 %$$ "8,@8O(k &'+'P'< '@767'6k )',<1PE876=k +1O)'"'P
(.87"k B5+)'P="'0@k @'01,P%$:%3,k 9,)'"%m86L'3,k 9"'B'-65"%P76 "%L%R

K.Y )%:' 8.&2 (1 1"# 7%1:* +##1 %+ 1"# *U.'.1:(7 8(*1#' (&2 1"# 2#-%1##*G
433%'2.&/ 1% 1"#.' .&*1':31.%&* (&2 1"# /:.2(&3# %+ 1"# *(5"<*L (76()*
7.-# (&2 *#'-# ;'< ;'< f>2">iMN?O( .& h'(o(G
["A6,<1 )8%6, 86=%=76= (.8 )76*R g'+)1 '/7@1"% 76*7O%(8, (.8 <'$$':76=
'< 41@+",. ,(%(8)86(,R T'*)#"' @'"='+)1 &'+' )8%6 E3 <'$$':76= 76 (.8
<''(,(8@, '< (.8 @'*)#@ 76 %$$ "8,@8O(,R

Xs
!CD! EV

?#?1-"'@'-*'+)1 8';' B58'?'-*,4A"' 6"1;'


6"1"+)'/1 *'",9' '9),?1@%
B#9'/% &'"';% %, 1"' *,.)5 /1), .1,
*')% 0#/' /'"A++'&'-01@'
?#?1-"'@'-*'+)1m(.8 ('@7O, '< ("%6,O86*86(%$ @%,(7)8,k 8';'P,76=k
B58'?'-*,4A"'P(.8 M7B768 C'0@$8k 6"1;'P$7<8k 6"1"+)'/1m@"%3k
*'",9'P:7$$ *'k '9),?1@%m:7(. *8,7"8k B#9'/% &'"';%P76 $7<8 %6* *8%(.k
%,P(.7,k 1"' *,.)5m6'(.76= 8$,8k /1),m*' 6'(k .1,P:%6(k *')%P,%3,k
0#/'P@''"k /'"A++'&'-01@'P&%"'((%)% *+,%R

9 6.77 (76()* U'()+:77) 6.1" 2#*.'#L *.&/ 1"# (8%'%:* U(*1.8#* %+ ;'< ;'<
f>2">iMN?O( .& 7.+# %' 2#(1"G !".* .* 8) %&7) "%U# (&2 &%1".&/ #7*# 2% 9
6(&1L *()* U%%' =('%11(8( 2>*(G

R"(U1#' =.&#p
!"# v71.8(1# 9&*1':31.%&*

!CD! E

1/' *'+)1 /1 9'?,9' 1/' *'+)1 /1 47/,9'


@'*'?, *'),9' 6'"'&1"+)'
6"1"+)'/1 *'",9' @'01 ?1?'@1 '9)#HC'-*'+)1
,)1 9,/1 @'*'?, '/'"+)'
1/' *'+)1m:'"$*$3 (%$/,k /1 9'?,9'P:7$$ 6'( ,@8%/k 1/' *'+)1P
)06*%68 ('@7O,k /1 47/,9'P:7$$ 6'( .8%"k @'*'?,P%$$k *'),9'P:7$$ ,%3k
6'"'&1"+)'P%E,'$0(8 ("0(.k 6"1"+)'/1P@"%3k *'",9'P:7$$ *'k @'0'P
%$:%3,k ?1?'@1P8%=8"68,,k '9)#HC' *'+)1P('@7O, "8=%"*76= ='%$ '< $7<8k
,)1 9,/1m:7(.'0( (.7,k @'*'?,P8B8"3(.76=k '/'"+)'P06:%6(8*R

XY
9 6.77 &#.1"#' .&2:7/# .& :*#7#** 8:&2(&# 1%U.3* &%' "#(' 1"#8G 9 6.77
%&7) #&/(/# .& *U.'.1:(7 3:71.-(1.%&G 9 6.77 (76()* U'() 1% #(/#'7) 2.*3:**
1"# 1%U.3* %+ 8) 6%'*".U(B7# ,%'2L B#3(:*# #-#')1".&/ #7*# .* *.8U7)
:&6(&1#2G
M8B'(7'6%$ ,8"B7O8 (' KUTV% 7, (.8 ,0@"8)8 ='%$ '< $7<8R

!CD! Q

#4a'"%"' +'++a' B'+' +1)1 91 *'),9' *'+'


'/'/+' '61"' *%91 B1/%
9"'B'-65"'-6"%&' /,+<' %, @% 6'"'&' @'+<'
9)'B' 9)'B' '/5"18'-&'/%
#4a'"%"'m'< (.8 J0@"8)8 N'"*k +'++a'P,O786O8k B'+'P8B8"3(.76=k
+1)1P(.%(k 91P'"k *'),9'P:7$$ 8]@$%76k *'+'P.': )0O.k '/'/+'P
06$7)7(8*k '61"'P76,0")'06(%E$8k *%91P:.'k B1/%P/6':,k 9"'B'-
65"'P76 G"%L%k 6"%&'P$'B76= *8%$76=,k /,+<'P8(8"6%$k %,P(.7,k @%P
(.%(k 6'"'&' @'+<'P,0@"8)8 ("0(.k 9)'B' 9)'B'P:'",.7@k '/7"18'P
:7(. %((%O.)86(k &'/%P(.8 )76*R

H%6 8:3" 3(& 9 #YU7(.& 1"# *3.#&3# %+ 1"# [:U'#8# ,%'2L +%' .1 .*
:&7.8.1#2 (&2 :&+(1"%8(B7#c H%6#-#'L 1"# 7%-.&/ 2#(7.&/* %+ h'(o( ('#
#1#'&(7 (&2 &#31('#(&G \ 8) 8.&2L U7#(*# 6%'*".U 1".* [:U'#8# !':1"
6.1" 2##U (11(3"8#&1G

!CD! S

8A9,/0' 8A*5?'.'/0"' 6'"'&' 1/'/0'-*'/0'


6'",91"'-8A6'-8A6# @'O8%
/'/0#4a'"' B1"' 0)1&' 8,",0)1"# B1O"' /1&'
@'*)#-@'O8% +1"% 9)'B' "'O8%
8A9,/0'mN'"* Q'B76*%k 8A*5?'.'/0"'P(.8 )''6$7/8 @8",'6%$7(3 '<
Q'/0$%k 6'"'&'m="8%(k 1/'/0'P.%@@768,,k *'/0'm,'0"O8k 6'",91"'P
86('0"%=8k 8A6'-8A6#P(.8 O':.8"* E'3, %6* =7"$,k @'O8%m76 (.8
%,,'O7%(7'6k /'/0#4a'"'P&%6*%="%)k B1O"'P:.',8k 0)1&'P
"8,7*86O8k 8,",0)1"#P(.8 $7<(8" '< Q'B%"*.%6% P7$$k B1"'P:.',8k

X4
/1&'P6%)8k @'*)#-@'O8%P76 (.8 %,,'O7%(7'6 '< (.8 ,%/.#,k +1"%PP7)k
9)'B'P:'",.7@k "'O8%P.%@@7$3R

;'< I%-.&2(L 1"# 8%%&7.5# U#'*%&(7.1) %+ I%5k7(L 1"# 7.+1#' %+


I%-('2"(&( H.77L 1"# '#*#'-%.' %+ (77 1'(&*3#&2#&1(7 "(UU.&#** .*
(33%8U(&.#2 B) 1"# /%U>7(* (&2 1"# /%U<* (&2 .* 7.-.&/ .& =(&2(/'(8G
[#'-# H.8 "(UU.7) .& (**%3.(1.%& 6.1" 1"# *(5"<*G

!CD! V

6"%&'-9)'*+,-+'++a' %, +A&1"% *'),/5 9)1,


1"' 05"9'@'/1 6'",)'",
4"#-87"7-6"'@10% 9)1, % @'9' 9)'B'/' 61,
6"%&'-9)'*+, @'*)# '/5.'"#
6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k +'++a'P,O786O8k %,P(.7,k
+A&1"%m(' 3'0k *'),/5PS .%B8 (.0, 8]@$%768*k 9)1,P[ E"'(.8",k
1"'m%$$ '(.8",k 05"9'@'/1P)%(8"7%$ *8,7"8,k 6'",)'",PE3 =7B76= 0@k 4"#-
87"7-6"'@10%PE3 (.8 )8"O3 '< (.8 ,@7"7(0%$ )%,(8"k 9)1,P[ E"'(.8"k %
@'9'P%$$ (.8,8k 9)'B'/'P@"'O8,, '< :'",.7@k 61,P"8O87B8k 6"%&'-
9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k @'*)# '/5.'",P(.8 O')@%67'6 '< (.8
,%/.#,R

\ B'%1"#'L 9 "(-# 1":* 2#*3'.B#2 1"# *3.#&3# %+ 2#-%1.%&(7 *#'-.3# 1% )%:G


A7#(*#L /.-# :U (77 8(1#'.(7 2#*.'#*G r%: 3(& U#'+%'8 7%-.&/ 2#-%1.%&(7
*#'-.3# B) 1"# 8#'3) %+ 1"# *U.'.1:(7 8(*1#' (&2 .& 1"# U#'+#31#2 *1(/#L
)%: 6.77 B# 3%:&1#2 (* ( 8(.2*#'-(&1 %+ 1"# *(5"<*G

!CD! Z

@1"+)'*' 9)'B'/'-6'+)' @10)7-@'O8% '9,"'+'


@&'"';' 9)'B'/' *DH;'-*'+)1
6"%&'-9)'*+, )'<' B'0, +'9% )'<' &'/'> 4700),
+'9% B1<' )D0'<%"' 9<'+)1
@1"+)'*'m@8"<8O(7'6k 9)'B'/'-6'+)'m(.8 @%(. '< :'",.7@k @10)7-
@'O8%P76 (.8 %,,'O7%(7'6 '< (.8 *8B'(88,k '9,"'+'P%$:%3,k @&'"';'P

X^
"8)8)E"%6O8k 9)'B'/'P:'",.7@k *DH;'-*'+)1P*7,O0,,76= (.8 ('@7O, '<
KUTV%k 6"%&'-9)'*+,P$'B76= *8B'(7'6%$ ,8"B7O8k )'<'P7,k B'0,P7<k
+'9%m(.%6k )'<'P7,k &'/'> 4700),P@0"7<7O%(7'6 '< (.8 )76*k +'9%P
(.%6k B1<'P=' %:%3k )D0'<%"'P'< (.8 .8%"(k 9<'+)1m@%76R

!"# 8%*1 *:33#**+:7 8#1"%2 %+ 2#-%1.%&(7 *#'-.3# .* 1% 3%&*1(&17)


'#8#8B#' 1"# U(*1.8#* %+ MN?O( .& 1"# (**%3.(1.%& %+ 2#-%1##*G ^"#& %&#
(11(.&* 7%-.&/ 2#-%1.%&(7 *#'-.3#L 1"#& ".* 8.&2 6.77 B# +:77) U:'.+.#2 (&2
1"# 2.*1'#** %+ ".* "#('1 6.77 B# -(&W:.*"#2G

!CD! ]

9,H'<' 9,6'++, B1/' @':@1"' @a'6'/' &1/'


/'"'-+'/5 9)'B'/%"' &5?'
'/5"18% 9)'B' @'01 6"%&'-9)19% ?#?1-*'+)1
1"' B'+' )D0'<%"' 45?'
9,H'<'m)%(8"7%$ ,86,8 'EL8O(,k 9,6'++,P*%6=8"k B1/'P@$8%,8 /6':k
@':@1"'P)%(8"7%$ 8]7,(86O8k @a'6'/'P*"8%)k &1/'P%OO8@(k /'"'-
+'/5m.0)%6 <'") '< $7<8k 9)'B'/%"' &5?'P(.8 "''( '< :'",.7@76= (.8
N'"*k '/5"18%P:7(. %((%O.)86(k 9)'B'P:'",.7@k @'01P%$:%3,k 6"%&'-
9)19%P:7(. $'B8k ?#?1-*'+)1P(.8 ('@7O, '< B%"7'0, @%,(7)8,k 1"' B'+'P
8B8"3(.76= 8$,8k )D0'<%"'P'< (.8 .8%"(k 45?'P@%76R

R%&*.2#' 8(1#'.(7 *#&*# %Bo#31* (* 2(&/#'%:*L (&2 8(1#'.(7 7.+# (* ( 2'#(8G


!"# ":8(& +%'8 %+ 7.+# .* 8%*1 *:.1(B7# +%' 6%'*".U.&/ MN?O(G 476()*
*.&/ (B%:1 1"# 7%-.&/ U(*1.8#* %+ f>2"> (&2 MN?O(G 477 %1"#' 1%U.3*
3(:*#* 2.*1'#** 1% 1"# "#('1G

!CD! _
!"# 5+*.7/+2"%3%

!"# ["#71#' %+ ;'<8(1< f>2">'>O<

"10),*1-.'"';'-"%/5 9)5H'/' *'",<1 +'/5


'/1<1@% 619% 8,",0)1"#

Xb
"10),*1-.'"';14"'<' <% *'"% @% &')14'<'
+1O"% &5E, B1, 9'?,)1",
"10),*1-.'"';'-"%/5m(.8 *0,( '< (.8 $'(0, <88( '< !"# 5+*.7/+k 9)5H'/'
*'",<1P*8O'"%(8k +'/5PE'*3k '/1<1@%P8%,7$3k 619%P:7$$ "8O87B8k
8,",0)1"#P(.8 $7<(8" '< Q'B%"*.%6% P7$$k "10),*1-.'"';14"'<'P(%/76=
,.8$(8" '< (.8 $'(0, <88( '< !"# 5+*.7/+k <% *'"%P'68 :.' *'8, ,'k @%
&')14'<'P7, % ="8%( @8",'6k +1"%P(' .7)k &5E,PSk B1, 9'?,)1",P
=$'"7<3R

0#3%'(1# )%:' B%2) 6.1" 1"# 2:*1 +'%8 1"# 7%1:* +##1 %+ ;'< f>2".5>G
!"#&L )%: 6.77 (3".#-# 1"# +:77 /'(3# %+ ;'< MN?O(L 1"# 7.+1#' %+
I%-('2"(&( H.77G \&# 6"% 1(5#* *"#71#' %+ 1"# 7%1:* +##1 %+ f>2".5>L 9
/7%'.+) ".8 (* ( /'#(1 U#'*%&G

!CD! `

B'<' B'<' "10)1-/1&' 9D/019'/' <1O"' 0)1&'


*DH;'-@5*)'-9,?1@%"' /,0),
)%/' "10)1-87;'-81/' /1 47/,?' &A"' *1/'
9'O.,+' *'",?' &A"% 9,0),
B'<' B'<'m%$$ =$'"78,k "10)1-/1&'P(.8 .'$3 6%)8, '< 5+*.+k
9D/019'/'PAU6*+B%6%k <1"'P:.',8k 0)1&'m%E'*8k *DH;'-@5*)'P
@$8%,76= KUTV%k 9,?1@%"' /,0),P(.8 'O8%6 '< 86L'3)86(k )%/' "10)1P
,0O. 5+*.+k 87;'-81/'P=$'"7<376= P8" h0%$7(78,k /1 47/,?'P*7* 6'(
.8%"k &A"' *1/'m)3 8%",k 9'O.,+'P*8O87B8*k *'",?'P*7*k &A"%P('
)8k 9,0),P(.8 O"8%('"R

477 /7%'.#* 1% 1"# "%7) &(8#* %+ ;'< f>2">L 6"% #1#'&(77) '#*.2#* .&
qN&2>-(&(G ["# .* 1"# %3#(& %+ MN?O(P* "(UU.&#**G 9 "(-# B##& 3"#(1#2 B)
A'%-.2#&3# B#3(:*# 9 "(-# &%1 "#('2 (B%:1 1"# /7%'.+.3(1.%& %+ f>2">G

!CD! e

+1O"' 9)'*+'-@'O8' @'01 "'@'-?#?1-6"%&'-*'+)1


B% *')% @% 61<' 8)'/'4<1&'

Xn
#)1+% 9,&5*)' B%, +1"' *'9)5 @,00), /1,
/1), B%/' 47/, +1"' /1&'
+1O"'mP8"k 9)'*+'-@'/8'm%,,'O7%(8, :7(. (.8 *8B'(88,k @'01P%$:%3,k
"'@'-?#?1P68O(%"8%6 @%,(7)8,k 6"%&'-*'+)1P(.8 ('@7O, '< $'B8k B%
*')%P'68 :.' O.%6(,k @% 61<'P.8 "8O87B8,k 8)'/'4<1&'P(.8 *%"/;
O'$'"8* !3+)%,06*%"%k #)1+%P76 (.7,k 9,&5*)'P%=%76,(k B%,P:.'8B8"k
+1"'P.7,k *'9)5P68B8"k @,00),P@8"<8O(7'6k /1,P6'(k /1),P6'(k B%/'
47/,P)%3 .8%"k +1"' /1&'P.7, 6%)8R

\&# 6"% (**%3.(1#* 6.1" 1"# 2#-%1##* %+ ;'< f>2"> (&2 2.*3:**#* 1"#
7%-.&/ U(*1.8#* %+ f>2"> 3#'1(.&7) 8##1* ;)>8(*:&2('(G 4&)%&# (-#'*#
1% 1".* &#-#' (11(.&* U#'+#31.%& (&2 9 2% &%1 6.*" 1% #-#& "#(' 1"# &(8#
%+ *:3" ( U#'*%&G

!CD! Eg

*DH;'-/1&'-81/% 9)1, "10),*1-.'"';' 61,


"10)1-/1&'-81/% *DH;'.'/0"'
@'O*H%6% *'),?' *'+)1 8)5.1A &'/%"' 9<'+)1
05>*)'-&'<' '/<' *'+)1-0a'/0a'
*DH;'-/1&'P(.8 .'$3 6%)8, '< KUTV%k 81/%PE3 O.%6(76=k 9)1,P[
*8%" E"'(.8",k "10),*1-.'"';'P(.8 $'(0, <88( '< !"# 5%*.7/+F 61,P
%((%76k "10)1-/1&'P(.8 .'$3 6%)8 '< 5+*.+k 81/%PE3 O.%6(76=k
*DH;'.'/0"'P(.8 )''6$7/8 KUTV%k @'O*H%6%P76 E"78<k *'),?' *'+)1PS
.%B8 (.0, 8]@$%768*k 8)5.1AP*8,("'3k &'/%"' 9<'+)1P@%76, '< (.8
)76*k 05>*)'-&'<'P<0$$ '< )7,8"78,k '/<' *'+)1P)06*%68 ('@7O,k
0a'/0a'P*0%$7(3R

\ B'%1"#'L *.8U7) B) 3"(&1.&/ 1"# &(8#* %+ MN?O(L %&# 3(& '#3#.-# 1"#
7%1:* +##1 %+ f>2".5>L (&2 B) 3"(&1.&/ 1"# &(8#* %+ f>2".5>L %&# 3(&
'#3#.-# 1"# 7%1:* +##1 %+ MN?O(G !":*L 9 "(-# B'.#+7) #YU7(.&#2 #-#')1".&/
B) 6".3" )%: 6.77 B# '#7.#-#2 +'%8 1"# U(.&* %+ )%:' "#('1G 477 %1"#'
1%U.3* ('# +:77 %+ 8.*#'.#* (&2 2:(7.1.#*G

!CD! EE

XZ
')'O*1"' '9),&1/' '@'+-@'O8' '@'B-BE1/'
.)1U, 9)'B' 87"7-610'-6'0&'
*'"' 1+&'-/,9%0'/' 0%)'-8%)'-6'",B'/'
87"7-91*<' 6'"'&' &')'++a'
')'O*1"'m<%$,8 8='k '9),&1/'P@"7*8k '@'+-@'O8'P%,,'O7%(7'6 :7(.
6'6;*8B'(88,k '@'B-BE1/'P0,8$8,, /6':$8*=8k .)1U,PE3 =7B76= 0@k
9)'B'P:'",.7@k 87"7-610'-6'0&'P(.8 $'(0, <88( '< (.8 ,@7"7(0%$
)%,(8"k *'"' 1+&'-/,9%0'/'P,0""86*8" <0$$3k 0%)'P(.8 E'*3k 8%)'P
(.8 .'0,8k 6'",B'/'P(.8 <%)7$3 )8)E8",k 87"7-91*<'P(.8 :'"*, '< (.8
,@7"7(0%$ )%,(8"k 6'"'&'P,0@"8)8$3k &')'++a'P7)@'"(%6(R

I.-# :U +(7*# #/% (&2 U'.2#G I.-.&/ :U B(2 (**%3.(1.%& (&2 #&2#(-%'.&/
+%' :*#7#** 8(1#'.(7 5&%67#2/#L 6%'*".U 1"# 7%1:* +##1 %+ 1"# *U.'.1:(7
8(*1#'G [:''#&2#' )%:' B%2)L "%8# (&2 +(8.7) 8#8B#'* :&1% ".8G !"#
6%'2* +'%8 1"# 7%1:* 8%:1" %+ 1"# *U.'.1:(7 8(*1#' ('# *:U'#8#7)
.8U%'1(&1G
S6 (.7, "8=%"*9 '68 ,.'0$* "8<8" (' (.8 <'$$':76= B8",8 '< !"#&'0-
()18'='+'& YYR4ZR4Z9
+'+A 07>@'O8'& 7+@DB<' @'+@7 @'BB%+' 9700),&1/
@'/+' %=1@<' .),/0'/+, &'/A-=<1@'O8'& 7*+,9),>
aD6 76(8$$7=86( @8",'6 ,.'0$* (.8"8<'"8 "8L8O( %$$ E%* %,,'O7%(7'6 %6*
76,(8%* (%/8 0@ (.8 %,,'O7%(7'6 '< ,%76($3 *8B'(88,9 :.',8 :'"*, O0( '<<
(.8 8]O8,,7B8 %((%O.)86( '< '68_, )76*Rc
H.8 <'$$':76= 8B7*86O8 7, %$,' O7(8*I
0,=<10)'/181"' *7?19),&1/,/A
0%)10,-01"1+&'B' /,+<9700)'<'>
,HC1/<'0%=1/' 6)'?'*1E*H,/A
<% B,='/&D+1/+% /' ?'9)'/+% *%4'='&
aH.',8 :.' %"8 @0<<8* 0@ E3 (.87" )%(8"7%$ /6':$8*=89 :8%$(.9 .'0,89
<%)7$3 8(OR9 %6* O'6,7*8"76= (.87" E'*78, %6* E'*7$3 E3;@"'*0O(, ,0O. %,
:7<8 %6* O.7$*"86 %, 8(8"6%$9 %, :8$$ %, %OO8@(76= '(.8" *8)7='*, %, (.87"
:'",.7@%E$8 $'"*9 76 '"*8" (' "8O87B8 ,')8 (8)@'"%"3 E868<7(,9 %"8
%O(0%$$3 *8%* %$(.'0=. $7B76=R J0O. @8'@$8 O%66'( %O.78B8 N'"* KUTV%Rc

Xo
!CD! EQ
!"# Q%0"% {@%,%6% K%(.+B3%(.%

!"# =#33#*.1) %+ ^%'*".U.&/ ;'< I(:'>J/(

4"#-*DH;'-.',+'/<'0%9' "'+,-&'+, 9)'9% @%9'


6"%&'-*'?6'-+'"7-01+1
9"'B'-"1B'-/'/0'/' "10),*1-B#9'/'-0)'/'
'6'"56' %, @'9' *'+)1
4"#-*DH;'-.',+'/<'0%9'PN'"* !"# KUTV% C%7(%63%k "'+,-&'+, 9)'9%P:7(.
%((%O.)86( %6* %((86(7'6k @%9'P,8"B8k 6"%&'-*'?6'-+'"7P(.8 *8,7"8
("88 '< $'B8 '< Q'*k 01+1m(.8 =7B8"k 9"'B'-"1B'-/'/0'/'P(.8 ,'6 '<
K76= '< G"%L%k "10),*1-B#9'/'-0)'/'m(.8 $7<8 %6* ("8%,0"8 '< !"#
5+*.7/+k '6'"56'P:'6*8"<0$k %,P(.7,k @'9'P%$$k *'+)1P('@7O,R

A7#(*# *#'-# ;'< MN?O( R(.1(&)(2#-( 6.1" (11(3"8#&1 (&2 2#1#'8.&(1.%&L


B#3(:*# H# .* 1"# 2#*.'#i1'## +%' B#*1%6.&/ 7%-# %+ I%2G H# .* &%&i
2.++#'#&1 +'%8 1"# *%& %+ 1"# M.&/ %+ h'(o( (&2 1"# 7.+# (&2 *%:7 %+ ;'<
f>2"<5(G !".* .* *.8U7) 6%&2#'+:7G

!CD! ES

/'9'0a#6% '9'+'", "10)1-9)'=' '/8# *'",


+1O"' *1/+, 'O8%"' 9)5H'/'
+,/' 91/.)1 '9),?1@# 4'.#-8'"9)% 6'"'*14,
@'/8% ?'E1 6'",H'0'-8';'
/'9'0a#6%m76 &%B%*B#@%k '9'+'",PE3 76O%"6%(76=k "10)1-9)'='P(.8
)''* '< 5+*.+k '/8# *'",PE3 %OO8@(76=k +1"' *1/+,PP8" O')@$8](7'6k
'/8%"'P'< (.8 $7)E,k 9)5H'/'P*8O'"%(7'6k +,/' 91/.)1P(."88 *8,7"8,k
'9),?1@#P(' <0$<7$$k 4'.#-8'"9)%P76 (.8 :')E '< !%O#k 6'"'*14,P
%@@8%"8*k @'O8%P:7(. P7)k ?'E1P(%/76=k 6'",H'0'-8';'P%,,'O7%(8,R

;'< MN?O( R(.1(&)(2#-( "(* (UU#('#2 .& =(-(2-<U( .& 1"# 8%%2 %+ ;'<
f>2"> (&2 "(* 2#3%'(1#2 H.8*#7+ 6.1" 1"# 3%8U7#Y.%& %+ f>2">G 9& %'2#'
1% +:7+.77 1"'## 6.*"#*L H# "(* (UU#('#2 .& 1"# 6%8B %+ $%1"#' ;(3< (7%&/

Xq
6.1" H.* (**%3.(1#*G

!CD! EV

8'7"'-)'",-'9'+'", 6"%&%"' 910'"' *'",


@10),?1 &'/%"' /,B' *1B'
"10),*1"' 6"1;'-6'+, *,9' 9)'9% *1/0% /,+,
,)1 95B)% 9)'*'+'-@'&1B'
8'7"'-)'",PN'"* Q%0"+p=%k '9'+'",P%<(8" *8,O86*76=k 6"%&%"'P'<
$'B8 '< Q'*k 910'"' *'",P,.':8"76= $7/8 "%76k @10),?1P<0$<7$$8*k
&'/%"'P'< P7, )76*k /,B'P':6k *1B'P:'"/k "10),*1"'P'< !"#
5+*.7/+k 6"1;'-6'+,P$7<8 %6* ,'0$k *,9' 9)'9%P.':k *1/0%PO"78,k
/,+,P%$:%3,k ,)1P(.7,k 95B)%P06*8",(%6*k 9)'*'+'-@'&1B'P(.8
,'O78(3 '< *8B'(88,R

;'< I(:'("('. "(* (UU#('#2 (&2 *"%6#'#2 7%-# %+ I%2G 9& 1".* 6()L H#
"(* +:7+.77#2 H.* .&&#' 2#*.'#*G H# .* 1"# 7.+# (&2 *%:7 %+ ;'< f>2".5>G
\&7) 1"# 2#-%1##* :&2#'*1(&2 1"# ,%'2P* 3'.#* (&2 7(8#&1(1.%&G

!CD! EZ
5+=+60=3' J+*.%6%

!"# A'%3#** %+ ,%-.&/ 411(3"8#&1

8A6'+% @10),?% @,00), @10)'/' /'9'0)1 9)'*+,


6"1"+)'/1 *'",9' 0',/<% @'01
*'", )'",-@'O*#"+'/' @'01, 9,9)A?' &'/'
,HC'-?19)' 9,/5 @'9' 910)1
8A6'+%m,8O"8($3k @10),?%P:7$$ @"%O(7,8k @,00),P(.8 ='%$ '< $7<8k
@10)'/'P(.8 @"'O8,,k /'9'0)1 9)'*+,P(.8 6768 (3@8, '< E.%/(7k
6"1"+)'/1 *'",9'P:7$$ @"%3k 0',/<%P:7(. .0)7$7(3k @'01P%$:%3,k
*'",P@8"<'")76=k )'",-@'O*#"+'/'PO'6="8=%(7'6%$ O.%6(76= '< (.8 .'$3
6%)8, '< P%"7k @'01,m%$:%3,k 9,9)A?'P%E,'"E8*k &'/'P(.8 )76*k ,HC'-
?19)'P%((%7676= (.8 ='%$ '< $7<8k 9,/5P:7(.'0(k @'9'P8B8"3(.76=k
910)1P7)@8*7)86(,R

XX
\&# *"%:72 B# (B*%'B#2 .&1#'&(77) .& 1"# 1"%:/"1 %+ ;'< MN?O( 6".7#
#Y1#'&(77) U'(31.3.&/ 1"# &.&# U'%3#**#* %+ 2#-%1.%&(7 *#'-.3#L (76()*
U'().&/ 6.1" ":8.7.1)G \&# *"%:72 3"(&1 1"# &(8#* %+ H('. 6.1"%:1
2#-.(1.%&G ^.1"%:1 1"# (3".#-#8#&1 %+ 1".* /%(7 %+ 7.+#L #-#')1".&/ .*
6(*1#2G

!CD! E]
1%6%~ !7/T+

9&*1':31.%&* !% 1"# $.&2

@':@1"' 91+AB1"% *1&'-6)1O@% 91/0), &1"%


6)5*1"' *'"')' )'",01@'
*'"')' 9)'*'+'-@'O8' 6"%&'-*'+)1-"'@'-"'O8'
+'9% )'<' 9,6'0' 9,/14'
@':@1"'m(.8 )%(8"7%$ :'"$*k 91+AB1"%P@$06*8"76=k *1&'P$0,(3
*8,7"8,k 6)1O@%P:7(. (.8 .'@8,k 91/0),PE76*76=k &1"%P/7$$76=k
6)5*1"' *'"')'P$%)86(k )'",01@'m[ ,8"B%6( '< !"# P%"7k *'"')'
9)'*'+'-@'O8'P%,,'O7%(8 :7(. *8B'(88,k 6"%&'-*'+)1P('@7O, '< $'B76=
*8%$76=,k "'@'-"'O8'P68O(%"8%6 @%,(7)8,k +'9%P(.%6k )'<'P7,k
9,6'0'P*%6=8"k 9,/14'PB%6h07,.8,R

!"# 8(1#'.(7 6%'72 .* 3"#(1.&/ )%:G ,:*1) 2#*.'#* ('# 5.77.&/ )%: B)
"(&/.&/ )%: 6.1" '%U#*G ,(8#&1L \ *#'-(&1 %+ H('.G 4**%3.(1# 6.1"
2#-%1##* (&2 #&/(/# .& 2.*3:**.&/ 1"# 1%U.3* %+ 7%-# %+ I%2G !"#&L (77
)%:' 2(&/#'* 6.77 B# -(&W:.*"#2G

!CD! E_

@+"#-65+"' 91?'*' *'+' &'", B1"' 4'+' 4'+'


16'/1*% )'A @19'0)1/'
&5E, @% 9,H'<% )'+' /1 9)'B,/5 )'",-6'0'
&A"' 1"' /1), 6'",+"1;'
@+"#P:7<8k 65+"'P,'6k 91?'*'PO.7$*"86k *'+'P,' )%63k &'", B1"'P
*78k 4'+' 4'+'P.06*"8*,k 16'/1*%P3'0",8$<k )'APE8O')8k

Yss
@19'0)1/'PO%"8<0$k &5E,PS %)k @%P(.%(k 9,H'<% )'+'P/7$$8* E3
)%(8"7%$ *8,7"8,k /1P6'(k 9)'B,/5P:'",.7@8*k )'",-6'0'P(.8 $'(0,
<88( '< P%"7k &A"'P)76*k 1"' /1),P6' '(.8"k 6'",+"1;'P*8$7B8"%6O8R

H:&2'#2* %+ 6.-#* (&2 3".72'#& "(-# B##& B%'& (&2 2.#2L )#1 *1.77 9 (8
&%1 3('#+:7G 9 (8 +':*1'(1#2 6.1" 8(1#'.(7 *#&*# %Bo#31* (&2 "(-# &%1
6%'*".UU#2 1"# 7%1:* +##1 %+ H('.G !"#'#+%'#L 9 "(-# &% U'%1#31.%& (&2
2#7.-#'(&3#G
[ )3 )76*9 (.8 @$06*8"8", 76 (.8 <'") '< )%(8"7%$ 8]7,(86O8 %"8 /7$$76=
3'0 E3 E76*76= 3'0" 68O/ :7(. (.8 "'@8, '< $0,(3 *8,7"8, ,76O8 (7)8
7))8)'"7%$R C%$$ '0( (' (.8 *8B'(88, '< KUTV% 7))8*7%(8$3 %6* O'6B83
3'0" @%(.8(7O O'6*7(7'69 E8O%0,8 '6$3 (.8 *8B'(88, '< KUTV% %"8 %E$8 ('
*8$7B8" 3'0R

!CD! E`
5%,7/% G.%/(% J%p=%67Tt.%

!"# C(/#'&#** K%' 4**%3.(1.&/ ^.1" f(*.5( 0#-%1##*

"1&'.'/0"' *'9,"1B' @%, @'O8% &A"' *1B'


+1O"' @'/8' 9,/5 @'9' 47/<'
)'<' B'/&' B'0, 67/'> +1O"' @'O8' )'<' B%/'
+'9% )'<' /'"A++'&' 0)'/<'
"1&'.'/0"' *'9,"1B'm!"# 5+)%O%6*"% K%B7"+L%k @%, @'O8%P:7(. .7,
%,,'O7%(7'6k &A"'P)768k *1B'PO'6O8"6k +1O"' @'O8'P.7, %,,'O7%(7'6k
9,/5P:7(.'0(k @'9'P8B8"3(.76=k 47/<'P8)@(3k )'<' B'/&'P"8E7"(.k
B'0,P7<k 67/'P%=%76k +1O"' @'O8'P.7, %,,'O7%(7'6k )'<' B%/'P)%3 S
"8O87B8k +'9%P(.%6k )'<'P7,k /'"A++'&'P&%"'((%)% *+,%k 0)'/<'P
=$'"78,R

$) %&7) 6.*" .* 1% "(-# 1"# (**%3.(1.%& %+ f>8(3"(&2'( M(-.'>o(G


^.1"%:1 ".8L #-#')1".&/ 7%%5* #8U1)G 9+ 9 (8 1% B# B%'& (/(.&L 8() 9 /#1
".* (**%3.(1.%&G !"#& 1"# 7.+# %+ =('%11(8( 2>*( 6.77 B# *:33#**+:7G
H.8 @"76O7@$8 )8%6, '< $7B8$7.''* <'" *8B'(88, '6 (.8 @%(. '< "181/781-
9)'*+, 7, (' O'6,(%6($3 "8$7,. (.8 68O(%"8%6 @%,(7)8, '< 5+*.+ %6* KUTV%

YsY
76 (.8 %,,'O7%(7'6 '< $7/8;)76*8* *8B'(88,R H.8"8<'"89 '68 ,.'0$* %$:%3,
@"%3 <'" 'E(%7676= (.8 %,,'O7%(7'6 '< ,0O. *8B'(88,R W'" (.7, "8%,'69 !"#$%
&%"'((%)% *+,% -.+/0"% *8,7"8, (' 'E(%76 (.8 %,,'O7%(7'6 '< .7, 76(7)%(8
<"786* !"#$% 5+)%O%6*"% K%B7"+L%9 8B86 76 (.8 68]( $7<8R

!CD! Ee

16'/' 9)'B'/'-*'+)1 /1 *'),9' B'+)1 +'+)1


,)1+% )',9' @19'0)1/'
/1 *'",)' *%)' "AH' /1 ?',)' &A"' 0AH'
6"';1&')' 9)'*+%"' .'"';%
16'/'m':6k 9)'B'/'-*'+)1P)8(.'* '< :'",.7@k /1 *'),9'P:7$$ 6'(
*7,O$',8k B'+)1 +'+)1P.8"8 %6* (.8"8k ,)1+%P76 (.7, )%((8"k )',9'PS
:7$$ E8k @19'0)1/'PO%"8<0$k /1 *'",)'P*' 6'(k *%)'P%63'68k "AH'P
%6="3k /1 ?',)'P*' 6'( (%/8k &A"' 0AH'P)3 '<<86,8k 6"';1&')'PS
'<<8" )3 "8,@8O(<0$ 'E87,%6O8,k 9)'*+%"' .'"';%P06(' (.8 $'(0, <88( '<
(.8 *8B'(88,R

9 6.77 &%1 2.*37%*# 8) U(1" %+ 6%'*".U.&/ 1"# ,%'2 1% (&)%&# (&2


#-#')%&#G 9 6.77 B# #Y1'#8#7) 3('#+:7 (B%:1 .1G A7#(*# 2% &%1 /#1 (&/')
6.1" 8# %' 1(5# %++#&*#G 9 %++#' 8) '#*U#31+:7 ":8B7# %B#.*(&3#* :&1% 1"#
7%1:* +##1 %+ 1"# 2#-%1##*G

!CD! Qg

4"#-8'7"1O8' 6"'9)5 &A"% B% 9A?1/' 91/#


+1)1 *'), 9)1?' &'/0' *,.)5, /1 B1/,
4"#-8'7"1/8' 6"'9)7mN'"* Q%0"+p=%k &A"%P(' )8k B%P(.%( :.7O.k
9A?1/'P)%/8 )8 ,@8%/k 91/#P,(%(8)86(k +1)1 *'),PS %) ,@8%/76=
'6$3 (.%(k 9)1?' &'/0'P=''* %6* E%*k *,.)5, /1P6'(.76=k B1/,P
/6':R

^"(1#-#' 8#**(/# ;'< I(:'>J/( $(">U'(B": "(* *U%5#& 1% 8#L 1"(1 9


"(-# '#7(1#2 "#'#G 431:(77) 9 2% &%1 5&%6 6"(1 .* './"1 %' 6'%&/G

Ys4
!CD! QE

?A*'/1+)' 6"'9)7610' )D0%<% 9,?1@'


6"%&'-9)'*+,-.'/0",*1 *')% /'"A++'&' 01@'
?A*'/1+)' 6"'9)56'0'm(.8 $'(0, <88( '< !"#$% N'/%6+(.% Q',B+)#k
)D0%<% 9,?1@'m@$%O8 76 )3 .8%"(k 6"%&' 9)'*+,-.'/0",*1P(.8 "%3, '< (.8
)''6$7=.( '< $'B76= *8B'(7'6k *')%P,%3,k /'"A++'&' 01@'m&%"'((%)%
*+,%R

A7(3.&/ 1"# 7%1:* +##1 %+ ;'<7( ,%5(&>1"( A'(B": .& 8) "#('1L 9L


=('%11(8( 2>*( 2#*3'.B#2 b;'< A'#8( h"(51.i3"(&2'.5>Gd

b)7@ %/0@ !"# !"# ?"8)% G.%/(7;O%6*"7/+ .A&6A@%0 9< !"#?' f'"A++'&'
01@' n)1*5"'3

4UU#&2.Y \&#

H.8 J0@"8)8 ?8",'6%$7(3 '< Q'*.8%* !"# KUTV% 7, 8(8"6%$9 <0$$ '<
/6':$8*=8 %6* E$7,,<0$R H.8 7)@8",'6%$ G"%.)%6 7, (.8 8<<0$=86O8 '< P7,
E'*3R H.8 J0@8",'0$ 7, P7, @$86%"3 @'"(7'69 %6* &+"+3%V%9 (.8 N'"* '<
A%7/0Vt.%9 7, P7, '@0$86( <8%(0"8R P8 @',,8,,8, (."88 @"76O7@%$
@'(86O78,R H.8,8 @'(86O78, %"8 /6':6 %, (.8 76(8"6%$ @'(86O39 (.8
)%"=76%$ @'(86O3 %6* (.8 8](8"6%$ @'(86O3R D)'6= (.8)9 (.8 76(8"6%$
@'(86O3 7, (.8 .7=.8,(R D6'(.8" 6%)8 '< (.7, @'(86O3 7, (.8 ,@7"7(0%$
@'(86O3R H.7, ,@7"7(0%$ @'(86O3 7,9 .':8B8"9 *7B7*8* 76(' (."88
O%(8='"78,k )?10,/#2 @'/0),/# %6* @':=,+3
D)'6= (.8,8 O%(8='"78,9 (.8 )?10,/# 4'*+# 7, (.8 ('@)',(R D$(.'0=. !"#
KUTV% 7, (.8 8)E'*7)86( '< ("%6,O86*86(%$ E$7,,9 P8 86L'3,
("%6,O86*86(%$ .%@@768,, (."'0=. (.7, )?10,/# 4'*+, :.7O. %$,' )%/8 (.8
*8B'(88, 86L'3R H.7, )?10,/# @'(86O3 .8$@, KUTV% 86L'3 76 (:' :%3,R S6
'68 <'")9 %, %6 76(8"6%$ @'(86O3 7(,8$<9 %6* 76 %6'(.8" <'") %, (.8
@"8*')76%(76= M87(3 '< (.7, 868"=39 76 '(.8" :'"*,9 %, !"# 5+*.7/+R H.8
<8%(0"8 '< &')19)1=' 7, !"# 5+*.7/+R !"# 5+*.7/+ 7, (.8 ,.8$(8" '<

Ys^
&')19)1='9 %6* 8%O. '< P8" $7)E, %"8 *8O'"%(8* :7(. (.8 ,3)@('), '<
&')19)1='R S( 7, ,(%(8* 76 N',+'/<' N'",+1&D+' Q0, K#?1 bRZq9 ZX u oYI
)?10,/#"' @1"' R6"%&'S2 6"%&'-@1"' R9)1='S
9)1=%"' 6'"'&'-*1HC)12 /1&'PPR&')1-9)1='S
b!"# #**#&3# %+ 1"# "7>2.&< U%1#&3) .* 7%-# %+ I%2L 1"# #**#&3# %+ 7%-# %+
I%2 .* #8%1.%& yB">-(zL (&2 1"# :71.8(1# 2#-#7%U8#&1 %+ #8%1.%& .*
8(">B">-(Gd
&')19)1='-@='"561 4"#-"10)1-C)1*7"1;#
@'"='-87;'-*)'/, *DH;'-*1/+1-4,"A&';,
b;'< f>2"> F">5:'>O< .* 1"# #8B%2.8#&1 %+ 8(">B">-(G ["# .* 1"#
'#U%*.1%') %+ (77 /%%2 W:(7.1.#* (&2 1"# 3'#*1 o#6#7 (8%&/ (77 1"# 7%-#7)
3%&*%'1* %+ ,%'2 MN?O(Gd
*DH;'-6"%&'-9)1=,+' <1O"' .,++%/0",<'-*1<'
*DH;'-/,B'-4'*+, "10)1 *"#U1"' @')1<'
bH#' 8.&2L *#&*#* (&2 B%2) ('# *1##U#2 .& 7%-# +%' MN?O(G ["# .* MN?O(P*
%6& #&#'/)L (&2 ["# "#7U* H.8 .& H.* U(*1.8#*Gd
!"# 5+*.7/+9 (.8 @8",'67<7O%(7'6 '< &')19)1='2 76 '"*8" (' @$8%,8 KUTV%9
(.8 "8,8"B'7" '< %$$ @$8%,0"8,9 %OO8@(, B%"7'0, ("%6,O86*86(%$ 76="8*786(,
'< $'B8R D=%769 76 '"*8" (' @$8%,8 KUTV% <0"(.8" %6* (' ,8"B8 P7)
,8@%"%(8$3 :7(. B%"7'0, )8$$':,9 J.8 8]@%6*, P8",8$< %, (.8
7660)8"%E$8 8A6#@ '< G"%L%R H.8,8 *%),8$, '< G"%L% %"8 *7"8O($3 E'*7$3
$7)E, '< !"# 5+*.7/+9 L0,( %, KUTV% 7, (.8 ,.8$(8" %6* '"7=76 '< %$$
76O%"6%(7'6,R !"# 5+*.7/+ 7, (.8 ,.8$(8" %6* '"7=76 '< %$$ 8A6#@ '< G"%L%
.8%*8* E3 N%$7(+ %6* C%6*"+B%$#R !"# 5+*.7/% 7, (.8 'O8%6 '< $'B76=
)8$$':, '" &')19)1='R H.8 @'*)#@ '< G"%L% %"8 *7B7*8* 76(' <'0" ,8O(7'6,
:.7O. %"8I 9,6'*H' '" '@@',7(7'6 ,0O. %, C%6*"+B%$#9 +'+'@+)' 6'*H' '"
680("%$ ,0O. %, G.%*"%9 T7),+ 6'*H' '" :8$$;:7,.8", ,0O. %, !3+)%$+ %6*
T'6'*H' '" (.',8 76 (.8 ="'0@ '< 5+*.7/+ ,0O. %, @'*)#@ .8%*8* E3 N%$7(+R

4UU#&2.Y !6%

Ysb
H.8 @'*)#@ %"8 '< <7B8 /76*,I (.83 %"8 /6':6 %, @'*)#@2 /,+<'-@'*)#@2
6"1;'-@'*)#@ 6",<1-@'*)#@ %6* 6'"'&'-6"%HC)'-@'*)#@3 D)'6= (.8)9 ,')8
%"8 8h0%$$3 %<<8O(7'6%(8 (':%"*, 5+*.+ %6* KUTV%9 :.7$8 ,')8 %"8
O"''/8*$3 %<<8O(7'6%(8 (':%"*, H.8)R K0,0)7(+9 A76*.3+9 K\Vz %$%(+9
%6* M.%67Tt.+ %"8 /6':6 %, @'*)#@3 H.83 %"8 )'"8 %<<8O(7'6%(8 (':%"*,
!"# KUTV%R K%,(0"#9 1%V7;)%jL%"#9 8(OR9 %"8 /,+<'-@'*)#@2 %6* (.83 %"8
)'"8 %<<8O(7'6%(8 (':%"*, !"# 5+*.7/+R H.8"8<'"89 (.83 %"8 O'06(8*
%)'6= (.8 O"''/8*$3 %<<8O(7'6%(8 @'*)#@R !%T(7;)%jL%"#9 A%T%6(#9 N%,7/+
8(OR9 %"8 O%$$8* 6"1;'-@'*)#@3 J0)%*.3+9 1%*%6%;$%,+9 8(OR9 %"8 O%$$8*
6",<'-@'*)#@3 H.8 87=.( @'*)#@ ,0O. %, N%$7(+9 A72%/.+ 8(OR9 %"8 O%$$8*
6'"'&-6"%HC)1 @'*)#@3 D$(.'0=. (.8,8 87=.( @'*)#@ %"8 8h0%$$3
%<<8O(7'6%(8 (':%"*, 5+*.+ %6* KUTV%9 ,(7$$ ,')8(7)8, (.83 %"8 )'"8
%<<8O(7'6%(8 (':%"*, !"# 5+*.7/+R

0#*3'.U1.%&* %+ 1"# R%7%'* (&2 0'#**#* %+ 1"# [(5"<*

,(7.1>a d!B%"\@% M+)'*%"% 76 8'7"'-?#?1fk .8" '(.8" 6%)8 7, D60"+*.+R


P8" O')@$8]7'6 7, E8%0(7<0$ E"7=.( 38$$': d8A"A.'/'fR P8" *"8,, 7, (.8
O'$'" '< @8%O'O/ <8%(.8",R P8" )'(.8"_, 6%)8 7, !+"%*#R P8" <%(.8"_,
6%)8 7, G72'/%R P8" ,';O%$$8* .0,E%6* 7, G.%7"+B%R J.8 7, '< % ,.%"@ %6*
O'6("%"3 6%(0"8R J.8 7, (:86(3;,8B86 *%3, '$*8" (.%6 5+*.7/+R P8"
,8"B7O8, 76O$0*8 '<<8"76= E8(8$ 60(, %6* O%)@.'"R J.8 "8,7*8, 76
N%$7(+6%6*% K0jL%9 :.7O. "8,8)E$8, (.8 O'$'0" '< $7=.(676=R P8"
"8,7*86O8 7, ,7(0%(8* '6 (.8 6'"(.8"6;,7*8 '< (.8 $'(0, ,.%@8* w'=%@7t.%
O'6,7,(76= '< 87=.( @8(%$,R 5+(6%@"%E.+9 5+(#/8$#9 J0E.%*"+9
G.%*"%"8/.7/+9 J0)0/.#9 M.%67Tt.+9 K%$%.%v,# %6* K%$%@76# E8$'6= ('
.8" ="'0@R
q.x>5">a d5+3% 5+)+6%6*% 76 8'7"'-?#?1fk .8" O')@$8]7'6 7, O"8%);
O'$'"8* :7(. % (76=8 '< "8*R P8" *"8,, 7, E8*8O/8* :7(. ,(%",R J.8 7, %
678O8 '< l%t7$+R P8" )'(.8"_, 6%)8 7, M%/T7V+R P8" <%(.8"_, 6%)8 7,
?%:%6R P8" ,';O%$$8* .0,E%6* 7, G%.7/%R P8" 6%(0"8 7, )%"=76%$R J.8 :%,
E'"6 (.8 ,%)8 (7)8 %, 5+*.7/+R P8" ,8"B7O8 7, (' *8O'"%(8 5+*.+ %6*
KUTV% :7(. O$'(., %6* '"6%)86(,R J.8 "8,7*8, 76 O$'0*;O'$'"8*
A72+/.+6%6*% K0jL% '6 (.8 6'"(.8"6 ,7*8 '< w'=%@7t.%R 1+*.%B#9
1+$%(#9 C.%6*"%$8/.+9 K0jL%"#9 P%"#V#9 C.%@%$+9 J0"%E79 %6* J0E+6%6+

Ysn
E8$'6= (' .8" ="'0@R
R".1'>a dQ'B76*+6%6*% 76 8'7"'-?#?1fk ,.8 .%, % E8%0(7<0$ ,%<<"'6
O')@$8]7'6R P8" *"8,, 7, O"3,(%$$768 76 O'$'"R P8" )'(.8"_, 6%)8 7,
C.%"E7/+R P8" <%(.8"_, 6%)8 7, C.%(0"%9 :.' 7, (.8 O'0,76 '< K76=
AUT%E.+60R P8" ,';O%$$8* .0,E%6* 7, ?7(."%R J.8 .%, % =86($8 6%(0"8R
J.8 7, (:86(3;,7] *%3, 3'06=8" (.%6 5+*.+"+V#R P8" ,8"B7O8 7, (' '<<8"
=%"$%6*, '< O$'B8, (' 5+*.+ %6* KUTV%R J.8 "8,7*8, 76 :'6*8"<0$
C.7("+6%6*% K0jL%9 ,7(0%(8* '6 (.8 8%,(8"6 @%"( '< (.8 w'=%@7t.%R
5+,%$7/+9 H7$%/76#9 !'0"%,86#9 J0=%6*.7/+9 5%)7$+9 K%)%6%=%"#9 &%=%"#9
%6* &%=%E8$7/+ E8$'6= (' .8" ="'0@R
9&2:'#5">a dG%,0 5+)+6%6*% 76 8'7"'-?#?1fk .8" O')@$8]7'6 7, '<
="8867,. 38$$':9 .8" *"8,, 7, $7/8 @')8="%6%(8 <$':8",R P8" )'(.8"_,
6%)8 7, G8$+9 .8" <%(.8"_, 6%)8 7, J%=%"R P8" ,';O%$$8* .0,E%6* 7,
M0"E%$%R J.8 .%, % O'6("%"3 6%(0"8R J.8 7, (."88 *%3, 3'06=8" (.%6
5+*.+"+V#R P8" ,8"B7O8 7, (' '<<8" .'683R J.8 "8,7*8, 76 ='$*86;O'$'"8*
?0"V8*"% K0jL% '6 (.8 ,'0(.;8%,(8"6 @8(%$ '< (.8 w'=%@7t.%R
H0p=%E.%*"+9 5%,%(0p=+9 5%p=%:%(#9 J0)%p=%$+9 C.7("%$8/.+9
A7O.7("%p=#9 1'*%6#9 %6* 1%*%6%$%,+ %"8 (.8 @'*)#@ (.%( E8$'6= (' .8"
="'0@R
R"(8U(5(7(1>a d!7B+6%6*% J86 76 8'7"'-?#?1fk .8" O')@$8]7'6 7, $7/8
(.8 O.%)@%/% <$':8"R P8" *"8,, 7, $7/8 (.8 C%,% E7"*R P8" )'(.8"_, 6%)8
7, A%(7/+9 .8" <%(.8"_, 6%)8 7, D"%)%R P8" ,';O%$$8* .0,E%6* 7,
C.%6*%/T%R P8" 6%(0"8 7, )7$* %6* =86($8R J.8 7, '68 *%3 3'06=8" (.%6
5+*.+"+V#R P8" ,8"B7O8 7, '<<8"76= L8:8$, %6* (.8 .'&'"'R J.8 "8,7*8, 76
K+)%$%(+ K0jL% ,7(0%(8* '6 (.8 ,'0(.8"6 @8(%$ '< (.8 w'=%@7t.%R S6 .8"
="'0@ %"8I K0"0p=%/T#9 J0O.%"7(+9 1+jL%$#9 1%V7/0V*%$+9 C.%6*"7/+9
C.%6*"%$%(7/+9 K%V*0/%/T#9 %6* J0)%6*7"+R
f(&/(2#-<a dQ'B76*% Q',. 76 8'7"'-?#?1fk .8" O')@$8]7'6 7, $7/8 (.%( '<
% $'(0, <$':8"R P8" *"8,, 7, (.8 O'$'" '< .7E7,O0, <$':8"R P8" )'(.8"_,
6%)8 7, K%"0V+9 .8" <%(.8"_, 6%)8 7, 5%p=%;,%"%R P8" ,';O%$$8* .0,E%6*
7, A%/"8/T%6%R P8" 6%(0"8 7, )8*70);O'6("%"3R J.8 7, ,8B86(886 *%3,
3'06=8" (.%6 5+*.+"+6#R P8" ,8"B7O8 7, '<<8"76= ,%6*%$:''* @0$@R J.8
"8,7*8, 76 E$07,. 5%p=%*8B#;/0jL% ,7(0%(8* '6 (.8 ,'0(.;:8,(8"6 @8(%$ '<
(.8 w'=%@7t.%R H.8 <'$$':76= @'*)#@ E8$'6= (' .8" ="'0@I K+$%/%Vt.#9
!%27/%$+9 K%)%$+9 1%*.0"+9 S6*7"+9 K%6*%"@+ J06*%"#9 K+)%$%(7/+ %6*

YsZ
?"8)%;)%jL+"#R
!:J/>-.2)>a dA%/"82B%"% ?%Vz7(% 76 8'7"'-?#?1fk .8" O')@$8]7'6 7, $7/8
/\v/\) )7]8* :7(. O%)@.'" %6* ,%6*%$:''*R J.8 *"8,,8, 76 38$$':
=%")86(,R P8" )'(.8"_, 6%)8 7, 18*.+R P8" <%(.8"_, 6%)8 7, ?%0T/%"%R
P8" ,';O%$$8* .0,E%6* 7, A%$7,.R P8" 6%(0"8 7, )',( $7E8"%$R J.8 7, <7B8
*%3, 3'06=8" (.%6 5+*.+"+V#R P8" ,8"B7O8 7, ,76=76= %6* *%6O76=R J.8
"8,7*8, 76 '"%6=8 O'$'"8* H0p=%B7*3+;/0jL% ,7(0%(8* '6 (.8 :8,(8"6
@8(%$ '< w'=%@7t.%R 1%jL0)8*.+9 J0)%*.0"+9 J0)%*.3+9
1%*.0"8/T%6+9 H%60)%*.3+9 1%*.0,3%6*+9 Q0V%O.0z+9 %6*
G%"%V=%*+ @'*)#@ E8$'6= (' .8" ="'0@R
[:2#-<a dA%,0*8B% Q.',. 76 8'7"'-?#?1fk (.8 (:76 ,7,(8" '< 5%p=%*8B#R
P8" O')@$8]7'6 %6* *"8,, 7, (.8 ,%)8 %, 5%p=%*8B#R P8" ,';O%$$8*
.0,E%6* 7, (.8 3'06=8" E"'(.8" '< A%/"8/T%6%R J.8 .%, % ,.%"@9 O'6("%"3
6%(0"8R P8" ,8"B7O8 7, '<<8"76= :%(8"R J.8 "8,7*8, 76 38$$':;O'$'"8*
J0*8B#;/0jL% ,7(0%(8* '6 (.8 6'"(.;:8,(8"6 @8(%$, '< (.8 w'=%@7t.%R
K+B8"#9 C.%"0/%E%"+9 J0/82#9 1%jL0/0.#9 P%"%.#"+9 1%.+.#"+9 P%"%;
/%6(#9 %6* 1%6'.%"+ @'*)#@ E8$'6= (' .8" ="'0@R

4UU#&2.Y !"'##

0#*3'.U1.%&* %+ 1"# R%7%' (&2 0'#**#* %+ 1"# $(so('<*

;'< fkU( 8(so('<a d!"#$% 5\@% Q',B+)# 76 8'7"'-?#?1fk .8" O')@$8]7'6


7, E8%0(7<0$ E"7=.( 38$$': d8A"A.'/'fR P8" *"8,, 7, (.8 O'$'" '< % @8%O'O/
<8%(.8"k .8" ,8"B7O8 7, '<<8"76= ='$*86 O'$'"8* E8(8$;60(,R J.8 "8,7*8, 76
5\@'$$%,% K0jL%9 ,7(0%(8* '6 (.8 6'"(. '< N%$7(+ K0jL%R
f(1. 8(so('<a d!"#$% 5%=.06+(.% *+,% Q',B+)# 76 8'7"'-?#?1fk %6'(.8"
6%)8 7, H0$%,# 1%jL%"#R J')8 @8'@$8 O%$$ .8" G.+6\)%(# 1%jL%"#R P8"
O')@$8]7'6 7, $7/8 (.8 <$%,. '< $7=.(8676=R P8" *"8,, 7, E8*8O/8* :7(.
,(%",R P8" ,8"B7O8 7, )%,,%=76= (.8 <88( '< 5+*.+ %6* KUTV%R J.8 "8,7*8,
76 5%(3+)0E0L+ K0jL% ,7(0(%(8* '6 (.8 ,'0(. '< S6*0"8/.+ K0jL%R

Yso
,(-(&/( 8(so('<a d!"#$% J%6+(%6% Q',B+)# 76 8'7"'-?#?1fk %6'(.8"
6%)8 7, 5%(# 1%jL%"#R P8" O')@$8]7'6 "8,8)E$8, $7=.(8676=R P8" *"8,, 7,
E8*8O/8* :7(. ,(%",R P8" ,8"B7O8 7, '<<8"76= =%"$%6*, '< O$'B8,R J.8
"8,7*8, 76 N%B%p=% K0jL%9 ,7(0%(8* '6 (.8 8%,( '< H0p=%B7*3+ K0jL%R
D6'(.8" 6%)8 7, N#$+ 1%jL%"#R
$(&o:7>7.a d!"#$% N'/%6+(.% Q',B+)# 76 8'7"'-?#?1fk .8" O')@$8]7'6 7,
$7/8 )'$(86 ='$*R P8" *"8,, 7, E"7=.( "8*R P8" ,8"B7O8 7, *"8,,76= 5+*.+
%6* KUTV%R J.8 "8,7*8, 76 N#$+6%6*% K0jL% ,7(0%(8* '6 (.8 6'"(. '<
A72+/.+ K0jL%R P8" '(.8" 6%)8 7, N#$+ 1%jL%"#R
f>*( 8(so('<a d!"#$% 5%=.06+(.% G.%tt% Q',B+)# 76 8'7"'-?#?1fk .8"
O')@$8]7'6 7, $7/8 (.8 O%)@%/% <$':8"R P8" *"8,, 7, )%*8 '< (.8 <8%(0"8,
'< ,:%6,R P8" ,8"B7O8 7, @%76(76=R J.8 "8,7*8, 76 5+,+6%6*% K0jL%
,7(0%(8* '6 (.8 8%,( '< C.7("%;/0jL%R
M(*1:'< 8(so('<a d!"#$% KUTV%*+,% K%B7"%L% Q',B+)# 76 8'7"'-?,?1fk .8"
O')@$8]7'6 7, $7/8 @0"8 ='$*R P8" *"8,, 7, O"3,(%$$768R P8" ,8"B7O8 7,
'<<8"76= ,%6*%$:''* @0$@R J.8 "8,7*8, 76 K%,(0"#;+6%6*% K0jL%9 ,7(0%(8*
'6 (.8 6'"(. '< J0*8B7 K0jL%R
I:( 8(so('<a d!"#$% Q'@+$% G.%tt% Q',B+)# 76 8'7"'-?#?1fk .8"
O')@$8]7'6 7, $7/8 % <$%,. '< $7=.(8676=R P8" *"8,, 7, $7/8 (.8 O'$'" '< (.8
.7E7,O0, <$':8"R P8" ,8"B7O8 7, '<<8"76= :%(8" (' 5+*.+ %6* KUTV%R J.8
"8,7*8, 76 Q0V+6%6*% K0jL% ,7(0%(8* '6 (.8 6'"(.;8%,( '<
C.%)@%/%$%(+ K0jL%R
q.7>*( 8(so('<a d!"#$% l#B% Q',B+)# 76 8'7"'-?#?1fk .8" O')@$8]7'6 7,
$7/8 (.8 ='$*86 @768 <$':8"R P8" *"8,, "8,8)E$8, (.8 E88,R P8" ,8"B7O8 7,
%@@$376= )%,/%"% '6 5+*.+ %6* KUTV%R J.8 "8,7*8, 76 A7$+,+6%6*%
K0jL%9 ,7(0%(8* '6 (.8 :8,( '< 5%p=%*8B# K0jL%R

Ysq

Vous aimerez peut-être aussi