ࡱ> `xbjbj1C L8&&&:b'b'b'8'\(\::^)^)^)^)^)^)^)^)<:>:>:>:>:>:>:;h><>:9& *^)^) * *>:&&^)^)w:222 *L&^)&^)<:2 *<:22&&2^)R) `"Pb'V-2<::0:2W>0W>2W>&2$^)r)2) )~^)^)^)>:>:1X^)^)^): * * * *:::%d:::%:::&&&&&&  B8?0E F828;870F89 @54GC2AB285 7 2A5E 70304>: G5;>25G5AB20, <5=O >A>1> 2>;=CNB 425, :>B>@K5, :065BAO, ?@8>1@5B0NB B5?5@L >A>1K9 A<KA;.  GB>-B> 70AB02;O5B <5=O ?8A0BL 8 3>2>@8BL 8<5==> >1 MB><, E>BO ?>4>1=K5 B5<K A53>4=O <0;> 2>;=CNB ;N459, 70E20G5==KE ?>2A54=52=>ABLN. /, :>=5G=> 65, >B=>HCAL : MB><C A 70<5B=>9 4>;59 A0<>8@>=88, => 8<5==> ?>GB8 <8AB8G5A:>5 =0A8;LAB25==>5 >1@0I5=85 : B5>@88 2>?@>A0 70AB02;O5B <5=O ?>;030BL, GB> =0?8A0==>5 - 8 5ABL 3;02=>5, =0 GB> AB>8B >1@0B8BL 2=8<0=85 G5;>25G5AB2C. 5GL 845B > ?@8@>45 3;>10;L=KE :>=D;8:B>2 8 >1 C4828B5;L=>9 A?>A>1=>AB8 =0H59 @>AA89A:>9 =0F8>=0;L=>9 A0<>>@30=870F88 : 2>AAB0=>2;5=8N (?@8G5< ?>A;5 ;N1KE @52>;NF8>==KE ?>B@OA5=89) 8AE>4=KE <0;>?@>4C:B82=KE 8 2 8AB>@8G5A:>9 ?5@A?5:B825 =5A>AB>OB5;L=KE D>@<. "0:8E :0: 25@B8:0;L 2;0AB8, 3>AC40@AB25==>-<>=>?>;8AB8G5A:89 :0?8B0;87< 8 :>@?>@0B82=>5 3>AC40@AB2>, 2 :>B>@>< ?>;8B8G5A:>5 8 M:>=><8G5A:>5 C?@02;5=85 =0E>48BAO 2 @C:0E G5B:> >3@0=8G5==>9 2708<=K<8 >1O70B5;LAB20<8 3@C??K ;8F. -B8 425 ?@>1;5<K A;8;8AL 2>548=> >B=N4L =5 A;CG09=>. 564C =8<8 5ABL =5GB> >1I55, GB> ?>72>;O5B ?>=OBL 3;C18==K5 ?@8G8=K :0: :>=D;8:B=>AB8 G5;>25G5A:8E A>>1I5AB2, B0: 8 C4828B5;L=>9 687=5AB>9:>AB8 8E B8?>2.  ?@8GC4;82K9 783703 @>AA89A:>9 AC4L1K (>B @07@O4:8 : =>2><C :>=D;8:BC B5?5@L C65 ?@0:B8G5A:8 A> 2A5< A25B><) 5I5 1>;55 A?08205B <564C A>1>9 ?@>1;5<K >9=K 8 @CAA:>3> 8@0 8 45;05B 687=5==> =5>1E>48<K< @07>1@0BLAO 2 =8E. !53>4=O ?>O2;O5BAO 2A5 1>;55 >A=>20=89 CB25@640BL, GB> =0< ?@54AB>8B ?@>9B8 G5@57 5I5 >48= 3;>10;L=K9 :>=D;8:B. 3> ?@87=0:8 ?>O28;8AL 2 :>=F5 ?@>H;>3> AB>;5B8O, :>340 AB0;> >G5284=>, GB> :@0E :><<C=8AB8G5A:>9 A8AB5<K =5 >7=0G0; ;8:2840F8N ?>A;54=53> 845>;>38G5A:>3> >A=>20=8O 4;O <0AHB01=>3> ?>;8B8G5A:>3> 8 2>5==>3> ?@>B82>AB>O=8O, 0 ?>=OB8O 1>30BK9 A525@, 154=K9 N3, B@5B89 <8@ =5 <>3CB >1JOA=8BL, ?>G5<C 1>30BK >4=8 8 154=K 4@C385 8 GB> ?>@>6405B :>=D;8:B=>ABL <564C =8<8. ?@545;5==>5 2@5<O 4C<0;>AL, GB> =0 A<5=C ?@>B82>AB>O=8N :0?8B0;8AB8G5A:>9 8 :><<C=8AB8G5A:>9 A8AB5< 845B 3;>10;L=>5 ?@>B82>AB>O=85 E@8AB80=A:>-8C459A:>9(1) 8 8A;0<A:>9 F828;870F89, >4=0:> AB0=>28BAO >G5284=K<: >=> - ?@>O2;5=85 :>=D;8:B=>AB8 A>2A5< 8=>3> @>40 8 :C40 1>;55 3;C1>:>9. !>F80;L=>-?>;8B8G5A:89 >?KB G5;>25G5AB20 ?>A;54=8E 45AOB8;5B89 >1=068;8 B>, GB> A:@K20;>AL >B ?>=8<0=8O ?>4 @07=K<8 <0A:0<8 8 @O48;>AL 2 >4564K A0<KE @07=>>1@07=KE 845>;>38G5A:8E 8 @5;838>7=KE 25@>CG5=89. A5 1>;55 >G5284=K< AB0=>28BAO 3;02=>5 ?@>B82>@5G85, >?@545;ONI55 E0@0:B5@ >B=>H5=89 <564C =0@>40<8. <5==> >=> ?@825;> :> 2B>@><C 8740=8N E>;>4=>9 2>9=K, =>2><C 28B:C 3>=:8 2>>@C65=89 8 2>2;5:05B 2 ?>;5 A2>53> ?@8BO65=8O G0AB=K5 8 @538>=0;L=K5 :>=D;8:BK, :>B>@K5 8A?>;L7CNBAO 254CI8<8 CG0AB=8:0<8 2 ?>?KB:0E ?>;CG5=8O @5H0NI53> ?@58<CI5AB20. -B> ?@>B82>@5G85 C65 A25;> =0 =5B CA8;8O ?> ?@54>B2@0I5=8N =5:>=B@>;8@C5<>3> @0A?>;70=8O B5E=>;>389 <0AA>2>3> C=8GB>65=8O, 2 B>< G8A;5 O45@=>3> >@C68O.  B> 65 2@5<O ACI5AB2C5B >1K20B5;LA:89 A>1;07= C4>2;5B2>@8BLAO ?@>ABK<8 >1JOA=5=8O<8 ?@8G8==>AB8 A>2@5<5==KE :>=D;8:B>2, 8AE>4O 87 8=B5@?@5B0F89 GL8E ;81> G0AB=KE 459AB289. 1=03;52H0O <5@8:0, <5ABL CH0 <;04H53> %CA59=C 70 A2>53> >BF0, AB@5<;5=85 >AA88 25@=CBL CB@0G5==K5 ?>78F88 >4=>3> 87 02B>@8B5B>2 <8@>2>9 ?>;8B8:8, :>=D;8:BK 2>:@C3 =5DB5307>2KE B@C1, ?@8E>4 : 2;0AB8 2 @0=5 @048:0;L=>3> ?@57845=B0 8 B.4. A5 MB> :@CB> 70<5H8205BAO 2 3>;>20E >1K20B5;O 8 A>7405B 8;;N78N =5C?>@O4>G5==KE, E0>B8G5A:8E >B=>H5=89, ?>@>6405<KE G@57<5@=>9 A2>1>4>9, 2KA>:><5@85< 0?040, 0 B0:65 ?@8@>4=>9 =5B5@?8<>ABLN A>A5459 : =0<, @CAA:8<, =0 A0<>< 45;5 A>25@H5==> 15;K< 8 ?CH8ABK<. =>385 87 MB8E D0:B>@>2, 157CA;>2=>, 8<5NB <5AB> 1KBL, => MB> 40;5:> =5 B>, GB> =0 A0<>< 45;5 ?@825;> A53>4=O : >1@07>20=8N G5BK@5E G5B:> >1>7=0G82H8EAO 8 C65 AB02H8E 2 1>52CN AB>9:C F5=B@>2 3;>10;L=KE ?@>B82>@5G89 - A525@>0B;0=B8G5A:89 0;LO=A, >AA8O, 8A;0<A:89 <8@ 8 8B09. 50;L=> @5GL 845B > A8AB5<=>9 :>=D;8:B=>AB8, :>B>@0O 3>@074> 3;C165 @0AE>68E ?@54AB02;5=89 > ACB8 ACI5AB2CNI53> 2 A>2@5<5==>< <8@5 ?@>B82>AB>O=8O. / 4C<0N, GB> :;NG : MB>9 ?@>1;5<5 ;568B 2 ?>=8<0=88 8<5==> A8AB5<=>9 A0<>>@30=870F88 G5;>25G5A:>3> A>>1I5AB20, :>B>@CN <K ?@54AB02;O5< 2 B8?>;>388 F828;870F89.  ?@54<5B5 0: ?>:07K205B >?KB, =5B =8G53> 1>;55 206=>3> 2 =0G0;5 ;N1>3> 8AA;54>20=8O, :0: ?@028;L=> >?@545;8BL 53> ?@54<5B. 065 B0<, 345 >= :065BAO A>25@H5==> >G5284=K<, <K G0AB> >1=0@C68205< ;8HL D0=B>< 02B>@A:>3> ?@54AB02;5=8O > @50;L=>< >1J5:B5 8;8 O2;5=88.  5A;8 MB> A?@0254;82> 4;O =0C: B>G=KE  AB>8B ;8HL 2A?><=8BL M2>;NF8N ?@54AB02;5=89 >1 0B><5 2 D878:5 -, B> GB> C6 3>2>@8BL > =0C:0E >1I5AB25==KE, 2 :>8E 4065 =5 2A5340 2>7<>6=> >B45;8BL ?@54<5B 8AA;54>20=8O >B AC1J5:B0!  ?>B><C A0< 8AA;54>20B5;LA:89 >1J5:B G0AB> >B@0605B ;8HL G0AB=>5 A>AB>O=85 8AA;54>20B5;O 8 53> ?@54AB02;5=89. -B> 70<5G0=85 A>25@H5==> A?@0254;82> 8 4;O ?@54<5B0, > :>B>@>< <K A>18@05<AO 3>2>@8BL  > F828;870F88.  A?5F80;L=>9 ;8B5@0BC@5 =0945BAO 4> A>B=8 >?@545;5=89, :064>5 87 :>B>@KE ?@5B5=4C5B =0 C=8:0;L=>ABL 8 =0 C=825@A0;L=>ABL. > :0: 1K : MB><C =5 >B=>A8;8AL 8E 02B>@K, AB>8B ?@87=0BL, GB> ?@54;0305<K5 =0< 45D8=8F88 >B@060NB ;8HL AC1J5:B82=K5 B>G:8 7@5=8O =0 ACI5AB2> ?@54<5B0. =0G5 3>2>@O, 2> <=>38E A;CG0OE ?>=OB85 F828;870F88 ?@54AB05B ?5@54 =0<8 :0: G8AB> 02B>@A:89 ?@>4C:B.  B> 65 2@5<O =5 <5=55 >G5284=>, GB> A0< ?@54<5B ACI5AB2C5B :0: 459AB2CNI55 ;8F> 8AB>@88, >= 682> >B@0605BAO 8 8A?>;L7C5BAO 2 =0H8E ?@54AB02;5=8OE > <8@5, 2 CAB0=>2;5=88 >B=>H5=89, 2 ?>;8B8G5A:>9(2) ?@0:B8:5 8 B.4. @8G5< 2 ?>2A54=52=>9 ?@0:B8:5, :0: ?@028;>, <K =5 CB>G=O5<, GB> 8<55< 2284C, F828;870F8N ?> ">9=18 ;8 8;8 ?> 0=8;52A:><C 8 B.4. K ?@>AB> >1@0I05<AO A MB8< ?@54<5B>< B0:, :0: 1C4B> >= >4=>7=0G5= 8 OA5= 4;O 2A5E: MB> F828;870F8O 8 2A5 BCB!  ?@8 MB>< <K ?>=8<05< 4@C3 4@C30, B0:, :0: 1C4B> 2 ?@8=F8?5 ?@8=8<05< ;N1K5 B>;:>20=8O, 8 2A5 >=8 2 B>9 8;8 8=>9 AB5?5=8 <>3CB 1KBL ?@8A?>A>1;5=K 4;O 2K@065=8O A>1AB25==>3> <8@>?>=8<0=8O. 0: 1C4B> A0< >1J5:B 1KB8O - F828;870F8O ?@54AB05B ?5@54 =0<8 AB>;L 5<:8< 8 <=>3>3@0==K<, GB> ;N1>5 ?@54AB02;5=85 > =5< >B@0605B ;8HL :0:CN-B> 53> G0ABL. @8G5< =8 >4=> 87 ?@54AB02;5=89 2 ?@8=F8?5 =5 ?@>B82>@5G8B F5;><C. >MB><C O =5 A>18@0NAL A?>@8BL >1 >?@545;5=8OE 8 B8?>;>388 F828;870F89. "><C, :B> E>G5B ?>;CG8BL ?@54AB02;5=85 >1> 2A5E B>G:0E 7@5=8O =0 MB>B ?@54<5B 8 M2>;NF8N 273;O4>2 =0 =53>, =04> >1@0I0BLAO : 8AB>@8>3@0D88 2>?@>A0. / 65 A>18@0NAL @07<KH;OBL > F828;870F88 :0: =5:>5< C=825@A0;L=>< ?>=OB88, :>B>@>5 A >4=>9 AB>@>=K ?@8<5=8<> :> 2A5<C G5;>25G5AB2C, 0 A 4@C3>9 AB>@>=K ?>72>;O5B :;0AA8D8F8@>20BL >A>1K5 B8?K G5;>25G5A:8E A>>1I5AB2 (218@0NI8E 2 A51O B0:85 ?>=OB8O :0: =0@>4K, =0F88, 3>AC40@AB20), >B;8G0NI8EAO 4@C3 >B 4@C30 2?>;=5 >?@545;5==K<8 8 OA=> 2K@065==K<8 A2>9AB20<8. @8G5< A2>9AB20<8 1078A=K<8, 0 =5 2B>@8G=K<8. AE>4O 87 MB>3>, F828;870F8O ?@54AB02;O5BAO <=>9 :0: A>F80;L=K9 >@30=87<, 70@>640NI89AO 2<5AB5 A G5;>25:><. =0 8<55B 2=52@5<5==>9 E0@0:B5@ (B.5. >E20BK205B 25AL F8:; ACI5AB2>20=8O G5;>25G5AB20), 0 55 687=5A?>A>1=>ABL >15A?5G8205B >A>1K9 <5E0=87< A0<>2>A?@>872>4AB20. <5==> MB> >?@545;5=85 >G5@G8205B @0<:8 8AA;54>20=8O: ?@5645 2A53> =0A 1C45B 8=B5@5A>20BL 2>7<>6=0O B8?>;>38O F828;870F89 ?> A?>A>1C >@30=870F88 284>2>3> 2>A?@>872>4AB20. >7=8:05B ;>38G=K9 2>?@>A: =5 O2;O5BAO ;8 2 MB>< ?>=8<0=88 F828;870F8O ;8HL ?A524>=8<>< 4;O G5;>25G5A:>3> >1I5AB20?  5A;8 =5B, B> G5< >B;8G0NBAO MB8 ?>=OB8O? / 4C<0N, GB> ACI5AB25==K9 A<KA;>2>9 >BB5=>:, :>B>@K9 70AB02;O5B =0A 8A?>;L7>20BL B>B 8;8 8=>9 B5@<8=, 2A5 65 5ABL. >2>@O > G5;>25G5A:>< >1I5AB25, <K :0: 1K ?>4@07C<5205< A>F80;L=>-18>;>38G5A:89 A?>A>1 ACI5AB2>20=8O G5;>25G5AB20 :0: 2840, D>@<C 687=545OB5;L=>AB8 ;N459: G5;>25: - ACI5AB2> >1I5AB25==>5, G5;>25: 2545B >1I5AB25==CN 687=L 8 B.?. >2>@O 65  F828;870F8O, <K 8<55< 2284C 8 A?>A>1 (D>@<C) ACI5AB2>20=8O 8 ?@>4C:B A>F80;L=>9 687=545OB5;L=>AB8 ?>?C;OF88 homo sapiens. @8G5<, ?@>4C:B >A>1K9: D>@<8@CO 8 @50;87CO >1I5AB25==K5 >B=>H5=8O, G5;>25G5AB2> A>7405B A?5F8D8G5A:85 <5E0=87<K A2>53> A>1AB25==>3> A0<>2>A?@>872>4AB20. 06=> ?>4G5@:=CBL, GB> 2 A>740=88 MB8E <5E0=87<>2 2 @02=>9 AB5?5=8 CG0AB2CNB :0: >1J5:B82=K5 =0G0;0, B0: 8 AC1J5:B82=K5 2>;52K5 ?>AK;K >B45;L=KE ;8G=>AB59 8;8 >1I5AB25==KE >1J548=5=89. >MB><C 1C45B A?@0254;82K< 70<5B8BL, GB>, 8A?>;L7CO ?>=OB85 F828;870F8O, <K, ?@5645 2A53>, 2848< 2 =59 ?@>4C:B >1I5AB25==>9 687=545OB5;L=>AB8, 0 B5@<8= >1I5AB2> ?>=8<05BAO =0<8 :0: A?5F8D8G5A:89 A?>A>1 ACI5AB2>20=8O G5;>25G5AB20.  :064>< :>=:@5B=>< A;CG05 F828;870F8O 2KABC?05B ?5@54 =0<8 A >4=>9 AB>@>=K :0: F5;>5 (:0: ?@>4C:B >1I5AB25==>9 687=545OB5;L=>AB8 2>>1I5), A 4@C3>9 AB>@>=K - :0: G0AB=K9 A;CG09, :0: A?5F8D8G5A:0O D>@<0 A0<>>@30=870F88 >?@545;5==>3> B8?0 A>>1I5AB2. #G8BK20O A:070==>5 2 =0G0;5 MB>9 @01>BK, O =5 A>18@0NAL 4>:07K20BL, GB> ?@54;0305<>5 745AL ?>=8<0=85 ACB8 8 B8?>;>388 F828;870F88 O2;O5BAO 548=AB25==> 25@=K<. => ;8HL 70=8<05B =5:>5 <5AB> 2 @O4C C65 AD>@<C;8@>20==KE 02B>@A:8E ?@54AB02;5=89.  B><C 65, :0: 8 2>>1I5 1>;LH8=AB2> =0CG=KE 45D8=8F89, >=> =5 >B@0605B 2 ?>;=>9 <5@5 B>3>, GB> <K 1K E>B5;8 2K@078BL 8 >E20B8BL MB8< >?@545;5=85<. => ;8HL ?>72>;O5B =0<5B8BL :;0AA8D8:0F8N ?@>F5AA>2, 2KO28BL B5=45=F88 8 ?>=OBL 70:>=><5@=>AB8 @0728B8O G53>-B> 3>@074> 1>;LH53>, G0ABLN :>B>@>3> O2;O5BAO =0H ?@54<5B, A:>;L H8@>:> 8 C=825@A0;L=> <K =5 ?KB0;8AL 1K 53> 8AB>;:>2K20BL. 1 >A=>25 B8?>;>388 5AA?>@=>, GB> 254CI89 25:B>@ 42865=8O G5;>25G5AB20 :0: 18>;>38G5A:>3> 2840  AB@5<;5=85 : 2K6820=8N. @8G5< 5A;8 <K 4065 ?>?@>1C5< =5?@5427OB> 273;O=CBL =0 <8AB8G5A:CN AB>@>=C E@8AB80=A:>3> F5;5?>;030=8O, B> 8 745AL C2848< OA=> @07;8G8<CN 3;02=CN ;8=8N  =@02AB25==>5 A?0A5=85, :0: 70;>3 687=8 25G=>9, 8=0G5 3>2>@O, >?OBL 65 2K6820=8O, ?CABL 8 ?>=8<05<>3> 2 @5;838>7=>-MB8G5A:>< A<KA;5. BAN40 F828;870F8O <>65B ?>=8<0BLAO =0<8 :0: >A>1K9 ?@>4C:B >1I5AB25==>9 687=545OB5;L=>AB8, =0F5;5==K9 =0 A>25@H5=AB2>20=85 A?>A>1=>AB8 284>2>3> 2K6820=8O, =0 A>25@H5=AB2>20=85 <5E0=87<0 A0<>>@30=870F88.  MB>< A<KA;5 F828;870F8O  A8AB5<0 15AA?>@=> @072820NI0OAO 8 A0<>A>25@H5=AB2CNI0OAO.  2 >A=>25 B8?>;>388 F828;870F89 ;>38G=> ?>;>68BL 8<5==> >@30=870F8N 284>2>3> 2>A?@>872>4AB20.  =0G0;5 MB>9 @01>BK O C65 7040;AO 2>?@>A>< > ?@8G8=0E 3;>10;L=>9 :>=D;8:B=>AB8 G5;>25G5A:8E A>>1I5AB2, :>B>@0O A53>4=O =0A 2=>2L 2?;>B=CN ?>42>48B : ;8=88 :0B0AB@>DK. "0: GB> 2A5 65 ?>@>6405B ?@>B82>AB>O=85, GB> ?@8=F8?80;L=> @0745;O5B =0@>4K 8 2>72>48B 8E >B=>H5=8O 4> ?@>1;5<K A>ACI5AB2>20=8O? AB5AB25==>, :@><5 B>3>, GB> :0640O 87 AB>@>= ?@54AB02;O5B 4@C3 4@C30 2 :0B53>@8OE E>@>H8E 8 ?;>E8E ?0@=59? 'B> @50;L=> @0745;O5B <8@ =0 =5:85 7>=K, =0 ABK:0E :>B>@KE ?@>8AE>48B :>=D;8:B=>5 8A:@5=85 8 4065 27@K2=K5 @50:F88? / 4C<0N >B25B =04> 8A:0BL 8<5==> 2 A8AB5<=>9 :>=D;8:B=>AB8 @07;8G=KE B8?>2 F828;870F89. @8 2A5< @07=>>1@0788 ACI5AB2CNI8E =K=5 D>@< (?>4A8AB5<) >1I5AB25==>9 284>2>9 A0<>>@30=870F88  =0F88, =0@>4=>AB8, ?;5<5=0, :;0=K, 3>AC40@AB20, >1I5AB25==>-M:>=><8G5A:85 C:;04K 8 B.4., 2 =8E 2A5 65 <>6=> G5B:> 2K45;8BL B> 3;02=>5, GB> ?>72>;O5B =0< >B=>A8BL 8E : B@5< >A=>2=K< F828;870F8>==K< B8?0<: 3@0640=A:85, 8=AB8BCF8>=0;L=K5 8 B@048F8>==K5. >=5G=>, MB8 B8?>2K5 8<5=0 4>AB0B>G=> CA;>2=K 8, B5< =5 <5=55, >=8, E>BO 8 >BG0AB8, => >B@060NB ACI5AB2> @07;8G89 A8AB5<=>9 >@30=870F88, : :>B>@>9 <>6=> >B=5AB8 B> 8;8 8=>5 A>>1I5AB2>.  >1I5<, 8 2 G0AB=>AB8 1I89 273;O4 =0 ?@>1;5<C B8?>2 F828;870F89 405B =0< 2>7<>6=>ABL =0A:>@> AE20B8BL ACBL @07;8G89, >?@545;O5<KE 2 A8AB5<5 :>>@48=0B: >1I5AB2>  A8AB5<=K9 ?@>4C:B 53> 687=545OB5;L=>AB8. @>I5 3>2>@O, 8<5==> >B=>H5=85 >1I5AB25==>3> 8=B5@5A0 8 =0?@02;5==>AB8 2>7=8:0NI8E 2 =5< 8=AB8BCB>2 >?@545;O5B E0@0:B5@ @0728B8O A>>1I5AB20. AE>4O 87 MB>3> <K <>65< 40BL >1I55, ?@81;865==>5 >?@545;5=85 B8?>2 F828;870F89. @0640=A:0O F828;870F8O  MB> 48=0<8G5A:0O A8AB5<0 >1I5AB25==>-284>2>3> 2>A?@>872>4AB20, >A=>20==0O =0 <5E0=87<0E, >15A?5G820NI8E ?@8>@8B5B >1I5AB25==>3> 8=B5@5A0 2 F5;>< =04 8=B5@5A0<8 A>740205<KE >1I5AB25==KE 8=AB8BCB>2  3>AC40@AB2, ?0@B89, :>=D5AA89, :>@?>@0F89 8 B.4. =AB8BCF8>=0;L=0O F828;870F8O  F8:;8G5A:0O A8AB5<0 >1I5AB25==>-284>2>3> 2>A?@>872>4AB20, @0728B85 :>B>@>9 >?@545;O5BAO >@30=87CNI59 8 =0?@02;ONI59 @>;LN :0:>3>-;81> >B45;L=>3> 8=AB8BCB0  :0: ?@028;>, 3>AC40@AB20 ;81> F5@:28. @8 MB>< :>@?>@0B82=K9 8=B5@5A MB>3> 8=AB8BCB0 8 A>?>4G8=5==KE 5<C 8=AB8BCB>2 4><8=8@C5B =04 8=B5@5A>< >1I5AB20 2 F5;><. "@048F8>==0O F828;870F8O  :>=A5@20B82=0O A8AB5<0 A0<>>@30=870F88, >A=>20==0O =0 ?@>AB>< 2>A?@>872>4AB25 >1I5AB25==>-284>2KE >B=>H5=89, 2?8A0==KE 2 >?@545;5==CN M:>A8AB5<C.  MB8E >1I8E >?@545;5=8OE, :>=5G=> 65, A>45@68BAO =5<0;> 2>?@>A>2, B@51CNI8E G0AB=KE @07JOA=5=89. 0: 2>7=8:;8 @07;8G8O <564C F828;870F8O<8, :0: ACI5AB2CNB >=8, GB> 42865B 8<8, ?>G5<C 3@0640=A:0O F828;870F8O  48=0<8G5A:0O, 8=AB8BCF8>=0;L=0O  F8:;8G5A:0O, B@048F8>==0O 65 :>=A5@20B82=0 8 B.4. B25BK =0 MB8 2>?@>AK <K <>65< ?>;CG8BL ;8HL ?@8 1>;55 ?>4@>1=>9 E0@0:B5@8AB8:5 >1>7=0G5==KE =0<8 B8?>2 F828;870F89. @0640=A:85 F828;870F88  MB><C B8?C F828;870F89 <>6=> >B=5AB8 A>>1I5AB20, :>B>@K5 ?@8=OB> C =0A =07K20BL 0?04=K< <8@><. %>BO, :>=5G=> 65, CA;>2=>ABL MB>3> 35>3@0D8G5A:>3> >?@545;5=8O 2?>;=5 >G5284=0.  MB><C F828;870F8>==><C B8?C <>6=> >B=5AB8 =5 B>;L:> 0?04=CN 2@>?C, !525@>0<5@8:0=A:85 A>548=5==K5 HB0BK, => 8 <=>385 4@C385 =0@>4K, :>B>@K5 <K <>65< >1=0@C68BL =5 B>;L:> =0 0?045, => 8 =0 >AB>:5, .35 8 !525@5. # MB8E =0@>4>2 <>65B 1KBL @07=0O @0A>20O ?@8=04;56=>ABL, F25B :>68, 8AB>@8O, 8 ?@>G85 >1AB>OB5;LAB20. 4=0:> 2A5E 8E >1J548=O5B B>, GB> 2=5H=5 ?@>O2;O5BAO 48=0<8G=K< @0728B85<, ?;N@0;8AB8G=>ABLN, 1>;LH8<8 2>7<>6=>ABO<8 >15A?5G5=8O 107>2KE ?>B@51=>AB59 G5;>25:0 (2:;NG0O 3@0640=A:85 A2>1>4K) 8 1>;55 2KA>:8<8 AB0=40@B0<8 70I8BK ?@02 G5;>25:0. 4=0:> GB> 65 >1J548=O5B 8E ?> ACB8, 8 405B =0< 2>7<>6=>ABL =5 B>;L:> 2K45;8BL MB>B >A>1K9 B8? F828;870F88, => 8 15AA?>@=> ?@87=020BL 55 ?> :@09=59 <5@5 B5E=>;>38G5A:>5 ?@58<CI5AB2> ?5@54 >AB0;L=K< <8@><? 'B> 45;05B MB>B B8? F828;870F88 1>;55 48=0<8G=K< 8 @0AH8@O5B 55 2>7<>6=>AB8 C4>2;5B2>@5=8O 107>2KE ?>B@51=>AB59? 0:>2K 3;02=K5 A8AB5<=K5 M;5<5=BK 55 >@30=870F88? > <=>3>< >=8 >?@545;ONBAO A8=5@38G5A:8< (3) E0@0:B5@>< @0728B8O MB>3> B8?0 >1I=>AB8.  >A=>25 8E A0<>>@30=870F88 ;568B 3@0640=A:>5 >1I5AB2>, :>B>@>5 A>7405B ?>4:>=B@>;L=K5 5<C C?@02;ONI85 (3>AC40@AB25==K5) 8 8=K5 8=AB8BCBK 4;O @53C;8@>20=8O >B=>H5=89 <564C AC1J5:B0<8 3@0640=A:8E >B=>H5=89  ;N4L<8, >@30=870F8O<8, 2 B>< G8A;5 8 ?@>872>4AB25==>-M:>=><8G5A:8<8 8 B.4. >6=> 2K45;8BL A;54CNI85 >A=>2=K5 G5@BK MB>3> B8?0 F828;870F89: @>872>4AB25==>-M:>=><8G5A:89 1078A  >A=>25 M:>=><8:8 3@0640=A:>9 F828;870F88 - A2>1>4=>5 ?@54?@8=8<0B5;LAB2>, A2>1>4=0O A>@52=>20B5;L=>ABL M:>=><8G5A:8E AC1J5:B>2 8 :>=:C@5=B=K9 4>ABC? : C?@02;5=8N E>7O9AB25==K<8 >1J5:B0<8(4), :0: 8AB>G=8:0< 4>E>40, 0 B0:65 >15A?5G820NI0O MBC A>@52=>20B5;L=>ABL 459AB25==0O A8AB5<0 @53C;8@>20=8O <>=>?>;89. -B> M:>=><8:0 ?> ACB8 - 3;>10;L=0O D8=0=A>2>-?@>872>4AB25==0O ?8@0<840. 'B>1K ACI5AB2>20BL 8 @072820BLAO, >=0 4>;6=0 8;8 ?>AB>O==> >1=>2;OBL ?@>872>4AB2> 8 ?>@>640BL =>2K5 ?>B@51=>AB8 C AB0@KE ?>B@518B5;59 ;81> @0AH8@OBL ?@>872>4AB2> 8 2>2;5:0BL =>2KE ?>B@518B5;59. 87=5==K9 F8:; ?@54<5B>2 ?>B@51;5=8O AB0=>28BAO 2A5 :>@>G5. 45640, >1C2L  =0 >48= A57>=, 02B><>18;L  =0 B@8 3>40.  AB@5<8B5;L=> @072820NI5<AO A5:B>@5 IT ?@0:B8G5A:8 :064K9 3>4 ?>O2;O5BAO =>2>5 ?>:>;5=85 ?@>4C:B0, >B@8F0NI55 AB0@>5 8 ?5@5<5I0NI55 53> =0 7042>@:8 F828;870F88, : 1>;55 154=K< A;>O< =0A5;5=8O 8 1>;55 154=K< =0@>40<. -B0 M:>=><8:0 2A5 1>;55 @01>B05B =0 ?><>9:C 8 55 C65 =5 A?0A05B 4065 2>2;5G5=85 2 M:>=><8G5A:89 F8:; A0<>9 ?><>9:8, B.5. ?5@5@01>B:0 2B>@8G=KE @5AC@A>2.  MB>9 M:>=><8:5 ?@>872>4AB25==K5 2>7<>6=>AB8 @0ABCB 1KAB@55 2>7<>6=>AB59 ?>B@51;5=8O. @8G8= B><C =5 <0;> 8 =5 B>;L:> B5E=>;>38G5A:>3> ?>@O4:0. A=>2=>9 42868B5;L @0AH8@5==>3> ?@>872>4AB20  G0AB=0O M:>=><8G5A:0O 8=8F80B820, 0:B82=> ?>>I@O5<0O >1I5AB2><. <5==> >=0 >1CA;02;8205B B>B D0:B, GB> M:>=><8:0 3@0640=A:8E F828;870F89 >1@5G5=0 =0 M:A?0=A8N 8 2>2;5G5=85 2 E>7O9AB25==>-M:>=><8G5A:89 >1>@>B 2A5 =>2KE @5AC@A>2 8 B5@@8B>@89. <5==> =5C45@68<K9 E0@0:B5@ G0AB=>9 2>;8 8 G0AB=>3> 8=B5@5A0 ?>@>6405B M:>=><8:C, =0E>4OICNAO 2 =0@:>B8G5A:>9 7028A8<>AB8 >B ?>B@51;5=8O, 0 ?>B><C ?>B@51;5=85 =5 B>;L:> ?>>I@O5BAO 8 ;568B 2 >A=>25 >1I5AB25==>3> ?@87=0=8O CA?5H=>AB8, => 8 8A:CAAB25==> 2>71C6405BAO 4;O >15A?5G5=8O ?>AB>O==>3> @0728B8O ?@>872>4AB20. 15A?5G5=85 :>=:C@5=B>A?>A>1=>AB8 2K7K205B =5?@5>4>;8<CN BO3C : ?>2KH5=8N MDD5:B82=>AB8, A=865=8N 8745@65:, : 1>;55 45H52K< @5AC@A0<, 2 B>< G8A;5 8 : 1>;55 45H52>9 @01>G59 A8;5, : ?5@5=>AC M=5@3>5<:8E 8 M:>;>38G5A:8 =5157>?0A=KE ?@>872>4AB2 2 <5=55 @0728BK5 AB@0=K.  ?>B><C A53>4=O F828;870F8>==K9 A5:B>@, >A=>20==K9 =0 B0:>9 M:>=><8:5, 2A5 1>;55 ?@52@0I05BAO 2 <8@>2>9 C?@02;5=G5A:89 >D8A, :>B>@K9 :>=B@>;8@C5B 8 C?@02;O5B ?@>872>4AB25==K<8 ?;>I04:0<8, >B40;5==K<8 >B =53>. 01>B09 B0:0O M:>=><8:0 2 >3@0=8G5==>< ?@>AB@0=AB25  =5871565= 55 ?5@53@52 8 :@0E ?8@0<84K. -B> 8 >1CA;02;8205B =5?@5>4>;8<CN A8;C : M:A?0=A88, B.5. 2>2;5G5=8N =>2KE @5AC@A>2 8 >A2>5=85 =>2KE ?>B@518B5;LA:8E @K=:>2.  F5;>< M:>=><8G5A:89 C:;04 =0@>4>2 3@0640=A:8E ?@54?>;0305B @0728B85 :0: ?CB5< M:>=><8G5A:>3> ?5@5@0A?@545;5=8O C?@02;5=G5A:>3> 4>ABC?0 (C?04>: 8 10=:@>BAB2> >4=8E, ?>O2;5=85 8 @>AB 4@C38E 1>;55 MDD5:B82=KE M:>=><8G5A:8E 035=B>2), B0: 8 M:>=><8G5A:>9 M:A?0=A88 (=>2K5 8=25AB8F8>==K5 2>7<>6=>AB8, =>2K5 @K=:8 A1KB0, 4>ABC? : =>2K< 8AB>G=8:0< AK@LO 8.4.). @8G5< >15 MB8 B5=45=F88 =5?@5;>6=> 1C4CB 459AB2>20BL, ?>:0 1C45B 6820 @K=>G=0O >@30=870F8O E>7O9AB2>20=8O 8 >15 >=8 >1;040NB :>;>AA0;L=>9 A8;>9, A?>A>1=>9 =5?@5>4>;8<> ?>1C640BL : 45OB5;L=>AB8 =5 B>;L:> >B45;L=KE ;N459, => 8 2 F5;K5 A>>1I5AB20. I5 >4=0 206=0O >A>15==>ABL, E0@0:B5@87CNI0O M:>=><8:C 3@0640=A:>9 F828;870F88, 70:;NG05BAO 2 B><, GB> 4>E>4 2 A>>1I5AB20E, >B=>AOI8EAO : MB><C F828;870F8>==><C B8?C, >B=>A8B5;L=> @02=><5@=> @0A?@545;5=, @07@K2 2 4>E>40E 8<55B B5=45=F8N : =825;8@>20=8N, A>F80;L=>5 O4@> A>AB02;O5B A@54=89 :;0AA. 1I5AB25==>-?>;8B8G5A:0O A8AB5<0 AB>G=8:>< 2;0AB8 2 B0:>3> B8?0 A>>1I5AB20E O2;O5BAO A0<> >1I5AB2> 8 MB> @50;87>20=> 2 45<>:@0B8G5A:8E ?@>F54C@0E D>@<8@>20=8O C?@02;5=8O 8 >A>1KE <5E0=87<0E 70I8BK >B <>=>?>;870F88 2;0AB8 >B45;L=K<8 >1I5AB25==K<8 3@C??0<8 8;8 ;8F0<8. AB5AB25==> MB> ?@54?>;0305B A;>682HCNAO 8 0:B82=CN ;8G=>AB=CN 3@0640=AB25==>ABL, =0;8G85 MDD5:B82=KE <5E0=87<>2 >1I5AB25==>3> :>=B@>;O =04 A>740205<K<8 8=AB8BCB0<8 8, ?@5645 2A53>, 3>AC40@AB2><, ?0@B8O<8 8 B.4., 2:;NG0O 4065 F5@:>2L. ;02=>5, GB> >B;8G05B 3@0640=A:>5 >1I5AB2>  8=48284C0;L=0O 3>B>2=>ABL 53> G;5=>2 CG0AB2>20BL 2 A0<>C?@02;5=88, >B25BAB25==>5 >B=>H5=85 : 3@0640=A:><C 4>;3C, ?>=8<05<><C :0: 70I8B0 >1I5AB25==KE 8=B5@5A>2 8 >A>7=0=85 >?0A=>AB8 ?5@54>25@8BL >1I5AB25==>5 C?@02;5=85 =5:>=B@>;8@C5<K< 8=AB8BCB0<. BAN40 8 @0728B0O A8AB5<0 >1I5AB25==>3> :>=B@>;O =04 ;N1K<8 >1I5AB25==K<8 8=AB8BCB0<8, O4@>< :>B>@>3> O2;O5BAO A>2>:C?=K9 ?;N@0;87< A@54AB2 <0AA>2>9 8=D>@<0F88 8 8E 45<>=>?>;870F8O.  3@0640=A:8E A>>1I5AB20E ACI5AB2C5B >B=>A8B5;L=0O 02B>=><8O ?>;8B8G5A:>9 8 M:>=><8G5A:>9 2;0AB8, =5 ?>>I@O5BAO 8E >1J548=5=85. ;O MB8E A>>1I5AB2 E0@0:B5@=K @0728B>5 <5AB=>5 A0<>C?@02;5=85 8 D545@0;L=K5 >B=>H5=8O.  B0:8E A>>1I5AB20E MDD5:B82=> 459AB2C5B >1I5AB25==K9 4>3>2>@ <564C M;8B0<8 8 A@548==K< >1I5AB2><, :>B>@K9 70AB02;O5B ?@8 A>E@0=5=88 D0:B8G5A:>3> @07;8G8O 2 C@>2=5 1;03>A>AB>O=8O, ?5@2KE =5 2K?OG820BL A2>5 <0B5@80;L=>5 ?@52>AE>4AB2>, 0 2B>@K< - =5 GC2AB2>20BL A51O 4>AB0B>G=> CI5@1=K<8, GB>1K =5 A>1;07=8BLAO ;53:8< =0 ?>4J5< ;>7C=3>< 3@01L =03@01;5==>5 8 =5 2?040BL 2 @52>;NF8>==>5 A>AB>O=85 4CE0. 5:B>@ @0728B8O !2>1>4=0O G0AB=0O 8 3@0640=A:0O 8=8F80B820, ;560I0O 2 >A=>25 M:>=><8:8 3@0640=A:>9 F828;870F88 ?>@>6405B G5B:> 2K@065==CN B5=45=F8N B0:8E F828;870F89 : A8AB5<=>9 8=B53@0F88 8 3;>10;870F88. BAN40 =5C45@68<0O BO30 : M:A?0=A88, 2>2;5G5=8N 2 >1>@>B 2A5 =>2KE @5AC@A>2 8 B5@@8B>@89. -B0 M:A?0=A8O 845>;>38G5A:8 >1>A=>2K205BAO =5>1E>48<>ABLN @0A?@>AB@0=5=8O 45<>:@0B88, 70I8B>9 ?@02 G5;>25:0 8 ?@., >4=0:> 2 >A=>25 55 ;568B, ?@5645 2A53>, AB@5<;5=85 A>740BL A8AB5<=> A>2<5AB8<K5 CA;>28O 4;O DC=:F8>=8@>20=8O M:>=><8:8, >A=>20==>9 =0 A2>1>4=>9 A>@52=>20B5;L=>AB8 M:>=><8G5A:8E AC1J5:B>2 8 :>=:C@5=B=>< 4>ABC?5 : C?@02;5=8N ?@>872>4AB25==>-M:>=><8G5A:8<8 >1J5:B0<8, :0: 8AB>G=8:0< 4>E>40. ;O @0728B8O B0:>9 F828;870F88 O2;O5BAO E0@0:B5@=>9 >B=>A8B5;L=0O @02=>7=0G=>ABL 25:B>@>2 :C;LBC@=>3> A8=B570 8 :C;LBC@=>9 02B>=><88, GB>, 2 :>=5G=>< AG5B5, 2545B : =5=0A8;LAB25==>9, 3;>10;870F88 8 C=8D8:0F88 :C;LBC@K =0 >A=>25 5AB5AB25==>3> >B1>@0 B5E 55 M;5<5=B>2, :>B>@K5 2 =081>;LH59 AB5?5=8 >B25G0NB 107>2K< ?>B@51=>ABO< G5;>25:0 8 >B@060NB >1I5G5;>25G5A:85 107>2K5 F5==>AB8  B0:85 :0: 687=L, ;N1>2L, A2>1>40 2K1>@0 8 A2>1>40 B2>@G5A:>3> @0728B8O. >@0;L=>-MB8G5A:85 >A=>2K 0: ?@028;>, <>@0;L=>-MB8G5A:85 =>@<K, 8AE>4=> 2K@065==K5 2 @5;838>7=>AB8, B5A=> A2O70=K A B8?>< F828;870F89. >A?>4AB2CNI0O <>@0;L=>-MB8G5A:0O A8AB5<0 3@0640=A:8E F828;870F89  E@8AB80=AB2>. 4=0:> 2 E@8AB80=AB25 A45;0= 0:F5=B 8<5==> =0 ;8G=>AB=K9 0A?5:B 25@K 8 A8AB5<K F5==>AB59. BAN40 4065 ;8G=>ABL %@8AB0 ?@54AB05B :0: ?@8<5@ =0F5;5==>3> =0 2A5>1I55 1;03>, => 2A5 65 AC3C1> G0AB=>3> ?>4286=8G5AB20.  3@0640=A:8E F828;870F8OE >1I5AB25==>5 <=5=85 0:B82=> (E>BO 8 =5 2A5340 O2=>) ?>>I@O5B 3@0640=A:CN 8 M:>=><8G5A:CN 8=8F80B82C, :0:85 1K ?>@>9 C@>4;82K5 D>@<K >=0 =5 ?@8=8<0;0. ;02=>5 745AL - D0:B A2>1>4=>3> 2>;5?@>O2;5=8O, =0 >A=>25 ;8G=>3> 8=B5@5A0. <5==> 2> <=>3>< 70 AG5B MB>9 G0AB=>9 A2>1>4=>9 3@0640=A:>9 8 M:>=><8G5A:>9 8=8F80B82K >15A?5G8205BAO 48=0<8G=>ABL @0728B8O 3@0640=A:8E F828;870F89. >>I@O5BAO ?>;8B8G5A:89 8 845>;>38G5A:89 ?;N@0;87<, >4=0:> 2 @0<:0E 45<>:@0B8G5A:>9 4>:B@8=K 8 2 >1J5<0E, =5 A?>A>1=KE @0AH0B0BL 55 ?@8=F8?K. <5==> ?>MB><C 2 =3;88 4>;3>5 2@5<O 4065 ?>A;5 A>1KB89 11 A5=BO1@O 1K; ?>72>;8B5;5= 845>;>38G5A:89 8A;0<A:89 M:AB@5<87<, >4=0:> :0: B>;L:> ?@>72CG0;8 =0<5@5=8O 2:;NG8BL 8A;0<A:CN A8AB5<C F5==>AB59 2 >A=>2K 1@8B0=A:>3> 70:>=>40B5;LAB20, MB> A@07C 65 2K720;> 2A?KH:C F828;870F8>==>9 :>=A>;840F88 0=3;>A0:A>2. <5==> ?>MB><C 2 0?04=>< <8@5 A59G0A 2>7@>640NBAO 8 2A5 1>;55 C:@5?;ONBAO B5=45=F88 87>;OF8>=87<0, =0?@02;5==K5 =0 >3@0=8G5=85 >1J5<0 2;820=8O GC65@>4=>9 MB>9 F828;870F88 :@>28 8 =5 A2>9AB25==>9 0?04C <5=B0;L=>AB8, :>B>@K5 ?@82=>AOBAO 2KE>4F0<8 87 4@C3>3> <8@0. =AB8BCF8>=0;L=0O F828;870F8O 0A?>;030O E0@0:B5@8AB8:C B8?>2 F828;870F89 2 B0:>9 ?>A;54>20B5;L=>AB8, O =5 8AE>6C 87 B>3>, GB> :0:0O-B> 87 =8E 4@52=59 ?> ?@>8AE>645=8N, ;81> 206=59 ?> 7=0G8<>AB8, ;81> O2;O5BAO ?5@A?5:B82=>9 <>45;LN 4;O 2A53> G5;>25G5AB20. !:>@55 MB>B 2K1>@ >?@545;O5BAO >ICI5=85< <>59 ;8G=>9 ?@8=04;56=>AB8 : F828;870F88 3@0640=A:>3> B8?0, E>BO O 8 =5 A:;>=5= AG8B0BL 55 A>25@H5==>9 8 548=AB25==> 2>7<>6=>9 4> B0:>9 AB5?5=8, GB>1K @048 >1@0I5=8O =525@=KE ?>@B8BL A =8<8 >B=>H5=8O, =5 3>2>@O C6 > B><, GB>1K ?@>;8;0AL E>BO 1K :0?;O :@>28.  ?>B><C B>, GB> @071>@ 8=AB8BCF8>=0;L=>9 F828;870F88 845B 2B>@K<, >B@0605B B>;L:> MB> >1AB>OB5;LAB2>, B> 5ABL <>8 ;8G=K5 ?@54?>GB5=8O, => >B=N4L =5 ACI5AB2> 45;0. 4=0:> AB@C:BC@0 E0@0:B5@8AB8:8 B0:>3> @>40 F828;870F88 4>;6=0 1KBL 87<5=5=0 2 A8;C B>3>, GB> 2 =8E =5 E>7O9AB25==>-M:>=><8G5A:89 C:;04 >?@545;O5B A8AB5<C >1I5AB25==>-?>;8B8G5A:>9 >@30=870F88, 0 =0>1>@>B  2;0AB=0O >@30=870F8O >?@545;O5B E0@0:B5@ ?@>872>4AB25==>-M:>=><8G5A:>9 A8AB5<K 8 >B=>H5=89. 1I5AB25==>-?>;8B8G5A:0O A8AB5<0 =AB8BCF8>=0;L=0O 2;0ABL O2;O5BAO 548=AB25==K< 8AB>G=8:>< ?> >B=>H5=8N : A0<>9 A515. @8 MB>< <>3CB H8@>:> 8A?>;L7>20BLAO ?A524>45<>:@0B8G5A:85 ?@>F54C@K D>@<8@>20=8O C?@02;5=8O, A>740NI85 8;;N78N @50;L=>AB8 2K1>@0, >4=0:> =0 A0<>< 45;5 >=8 :0: ?@028;> 2K@>645=K 4> @8BC0;L=>9 ?@>F54C@K ;538B8<870F88 2;0AB8 A 70@0=55 8725AB=K< @57C;LB0B><.  F828;870F88 B0:>3> @>40 2;0AB=K5 8=AB8BCBK (:0: ?@028;>, MB> 3>AC40@AB2> 8;8 F5@:>2L) :>=B@>;8@CNB >1I5AB2>, A0<8 >AB020OAL =5?>4:>=B@>;L=K<8. >;8B8G5A:0O 8 M:>=><8G5A:0O 2;0ABL A:>=F5=B@8@>20=0 2 >4=>< 8=AB8BCB5 (:>@?>@0B82=>5 ;81> B5>:@0B8G5A:>5 3>AC40@AB2>). @30=870F8>==0O AB@C:BC@0 2;0AB8 65AB:> F5=B@0;87>20=0, 8<55B 284 G5B:> 85@0@E8@>20=>9 25@B8:0;8, 0 A0<> 3>AC40@AB2> AB@5<8BAO : C=8B0@=>AB8. BAN40 ?@>8AB5:05B =587156=K9 F8:;8G5A:89 E0@0:B5@ <>45@=870F89, A2O70==KE A =0:>?;5=85< A8AB5<=KE >H81>: E0@0:B5@=KE 4;O 25@B8:0;L=KE 85@0@E8G5A:8E AB@C:BC@ 8 =587156=>9 ?>B5@59 :0G5AB20 C?@02;5=8O, 2K@>645=8N A?>A>1=>AB8 M;8B : A0<>AB>OB5;L=><C C?@02;5=8N (5). >AC40@AB25==>5 C?@02;5=85 (:0: A>2>:C?=>ABL C?@02;ONI8E M;8B 8 A>740205<KE 8< 8=AB8BCB>2) 2 MB8E A8AB5<0E >1J5:B82=> AB@5<8BAO : A0<>4>AB0B>G=>AB8. -B> =5?@5;>6=0O 70:>=><5@=>ABL M2>;NF88 ;N1>9 A0<>:>=B@>;8@CNI59AO 1N@>:@0B8G5A:>9 >@30=870F88. @8 MB>< =0@>4>=0A5;5=85 4;O =55 O2;O5BAO A2>53> @>40 A>F8>18><0AA>9, >15A?5G820NI59 ?>;=K9 F8:; 2>A?@>872>4AB20 A8AB5<=KE >B=>H5=89 8 D0:B8G5A:8 >1A;C68205B 2>A?@>872>4AB2> A2>8E M;8B. >B>@K5, 2 A2>N >G5@54L, 708=B5@5A>20=K 2 ?>445@60=88 687=5A?>A>1=>AB8 MB>9 A8AB5<K, @01>B0NI59 =0 ?@8=F8?0E 1;87:8E : A8<18>B8G5A:><C ?0@078B87<C (6). #G0AB85 >1I5AB20 2 C?@02;5=88 <8=8<878@>20=>, 3@0640=A:0O 8 ?>;8B8G5A:0O 8=8F80B820 B0:65 :0: 8 M:>=><8G5A:0O =>A8B AB@>3> 48@5:B82=K9 E0@0:B5@ 8 D0:B8G5A:8 A2>48BAO : ?>445@6:5 =0G8=0=89 2;0AB8 G5@57 8A:CAAB25==> A>740==K5 >1I5AB25==K5 8=AB8BCBK ?>445@6:8. 0: O@:89 ?@8<5@ A>25BA:>9 M?>E8 2 =0H59 8AB>@88  :><A><>;, B2>@G5A:85 A>N7K, 4>1@>2>;L=K5 =0@>4=K5 4@C68=K, !$ 8 B.4. 5>BJ5<;5<K< A2>9AB2>< 8=AB8BCF8>=0;L=>9 ?>;8B8G5A:>9 A8AB5<K O2;O5BAO 55 :>@@C?F8>==>ABL. -B> A2O70=>, ?@5645 2A53>, A @0AH8@5==K<, 0 ?>@>9 8 ?>;=K< CG0AB85< 3>AC40@AB20 2 M:>=><8G5A:>9 45OB5;L=>AB8. !B>8B A:070BL, GB> 5ABL 2>>1I5 =5?@5;>6=K9 70:>=, :>B>@K9 D>@<C;8@C5BAO A;54CNI8< >1@07><: C@>25=L :>@@C?F88 2 >1I5AB25 ?@O<> ?@>?>@F8>=0;5= AB5?5=8 CG0AB8O 3>AC40@AB20 2 M:>=><8:5. > <=>3>< MB> >?@545;O5BAO B5<, GB> 682>5 E>7O9AB25==>5 @0728B85 >A=>20=> =0 ?@O<>< 8=B5@5A5 E>7O9AB2CNI53> AC1J5:B0, => 53> 45OB5;L=>ABL @53;0<5=B8@C5BAO 8 =0?@02;O5BAO =5708=B5@5A>20==K< 2 @57C;LB0B5 E>7O9AB2>20=8O 1N@>:@0B><. BAN40 =0 ABK:5 682>3> 8 <5@B2>3> 8=B5@5A0 B@51C5BAO AB8<C;8@CNI0O A<07:0, GB>1K B0: A:070BL A1;878BL :>MDD8F85=BK AF5?;5=8O.  G5< 1>;LH5 B>G5: A>?@8:>A=>25=8O <5@B2>3> 8 682>3>, B5< G0I5 2>7=8:05B ?>B@51=>ABL, :0: 3>2>@8BAO 2 =0@>45, ?>4<070BL. 025@H0O E0@0:B5@8AB8:C A>F80;L=>-?>;8B8G5A:>9 A8AB5<K MB>3> F828;870F8>==>3> B8?0, A;54C5B >B<5B8BL, GB> 2KH5?@82545==K5 >1AB>OB5;LAB20 ?>@>640NB 4>2>;L=> =5?@8OB=>5 4;O MB8E A>>1I5AB2 2 ?5@A?5:B825 ?>A;54AB285  >BACBAB285 C =0@>40 =8 >?KB0, =8 65;0=8O 3>AC40@AB2>20=8O.  MB> =587156=> >1>@0G8205BAO 157C<=K<8 1C=B0<8 2 @53C;O@=> ?>2B>@ONI85AO :@878A=K5 ?5@8>4K, :>340 87-70 A8AB5<=> >1CA;>2;5==>3> @57:>3> A=865=8O :0G5AB20 M;8B ?@>8AE>48B ?>B5@O C?@02;5=8O 8 A>F80;L=K5 <5E0=87<K 84CB 2@07=>A. @>872>4AB25==>-M:>=><8G5A:89 1078A <5==> 2 A8;C >A>15==>AB59 >1I5AB25==>-?>;8B8G5A:>3> CAB@>9AB20 M:>=><8:0 2 MB8E A8AB5<0E 8<55B G5B:> 2K@065==CN 42>9=CN >@85=B8@>20==>ABL. @5645 2A53>, M:>=><8:0 B0:>9 F828;870F88 =0?@02;5=0 =0 ?>445@6:C 455A?>A>1=>AB8 2;0AB=>9 A8AB5<K, 55 70I8BK >B 2=5H=59 C3@>7K 8 >B C3@>7 2=CB@5==8E, A2O70==KE A :>=:C@5=F859 ?@02OI8E M;8B 8 :>=D;8:B>< <564C M;8B0<8 8 A@548==K< >1I5AB2><. @8 MB>< =0F8>=0;L=K9 4>E>4 :>=F5=B@8@C5BAO 2 @C:0E C7:>3> :@C30 M;8B 8 8A?>;L7C5BAO 4;O 70I8BK ?>;8B8G5A:>9 <>=>?>;88. 06=K9 0A?5:B ?>445@60=8O 455A?>A>1=>AB8  B@0B0 7=0G8B5;L=KE A@54AB2 =0 ?@840=85 2848<>AB8 25;8G8O 8 45@602=>3> 1;5A:0, GB>, ?> ACB8, O2;O5BAO >4=8< 87 206=59H8E 70I8B=KE A2>9AB2 A8AB5<K. 0 O2=>9 =5E20B:>9 A@54AB2 MB> <>65B 1KBL 70<5=5=> ?@5B5=7859 =0 <5AA80=A:89 E0@0:B5@ A8AB5<K (>48= 87 ?@8<5@>2  GCGE5870F8O(7) A525@>:>@59A:>3> >1I5AB20) ;81> =0 A>740=85 ?@5AB86=KE ?>:070B5;L=KE 7>=. 'B>-B> 2@>45 B>3>, > G5< ?5; 2 A2>5 2@5<O 8725AB=K9 2K@078B5;L =0@>4=>3> >1@070 <KA;8 ;5:A0=4@ 0;8G & 0 B0: 65 2 >1;0AB8 10;5B0 <K 2?5@548 ?;0=5BK 2A59. >-2B>@KE, M:>=><8:0 8=AB8BCF8>=0;L=>9 F828;870F88 8<55B B5=45=F8N : ?@>AB><C 2>A?@>872>4AB2C <8=8<0;L=>3> =01>@0 A@54AB2, ?>72>;ONI8E >15A?5G820BL ?@>AB>5 65 2>A?@>872>4AB2> =0@>4>=0A5;5=8O, 2K?>;=ONI53>, :0: <K C65 >B<5G0;8, @>;L A>F8>18><0AAK 4;O 2>A?@>872>4AB20 8=AB8BCF8>=0;L=KE M;8B. 0AH8@5=85 ?>B@518B5;LA:8E 2>7<>6=>AB59 =0@>4=>9 <0AAK, O4@> :>B>@>9 A>AB02;ONB =05<=K5 @01>B=8:8 3>AC40@AB25==KE CG@5645=89 8 :>@?>@0F89, =0E>48BAO 2 ?@>B82>@5G88 A A8AB5<=>9 >@30=870F859 8=AB8BCF8>=0;L=KE A>>1I5AB2, B0: :0: CA8;8205B M:>=><8G5A:CN =57028A8<>ABL ?>42;0AB=>3> =0A5;5=8O, >B :>B>@>9 ?@>8AB5:05B 8 GC640O 8=AB8BCF8>=0;0< 3@0640=AB25==>ABL.  8=AB8BCF8>=0;L=KE F828;870F8OE M:>=><8:0 8<55B O2=> 2K@065==K5 G5@BK 3>A:0?8B0;87<0 8 2KB5:0NICN 87 MB>3> >1AB>OB5;LAB20 B5=45=F8N : <>=>?>;870F88. -:>=><8G5A:0O 8=8F80B820 =>A8B, :0: ?@028;>, 48@5:B82=K9 E0@0:B5@ 8 ?@>8AE>48B 87 C?@02;5=G5A:>3> F5=B@0, 40;5:> =5 2A5340 708=B5@5A>20==>3> 2 55 @50;870F88. @8 MB>< 48@5:B82=0O 8=8F80B820 G0AB> 2K405BAO, B0: A:070BL, 2 A8;C >1AB>OB5;LAB2, 2 A8;C =5 2=CB@5==53>, 0 2=5H=53> ?>1C645=8O. ;0AA8G5A:89 ?@8<5@  >A2>1>645=85 :@5ABLO= 2 >AA88 2 1861 3>4C, 2K720==>5 A8AB5<=>9 =5A>AB>OB5;L=>ABLN, ?@>O282H59AO ?>@065=85< 2 @K<A:>9 2>9=5. -B0 8=8F80B820 3;0A8;0: :@5ABLO=0< 1KBL E>7O520<8, >4=0:> >=0 ?>=0G0;C =5 B>;L:> =5 A>2?040;0 A E>;>?A:8< >?KB>< @>AA89A:>3> :@5ABLO=AB20, => 8 ?@>B82>@5G8;0 >?KBC C?@02;5=8O F5=B@0;L=>9 2;0AB8. 0: ?@028;>, M:>=><8:0 8=AB8BCF8>=0;L=>9 F828;870F88 =>A8B AK@L52>9 E0@0:B5@, B0: :0: >15A?5G5=85 ?>;8B8G5A:>9 <>=>?>;88 8 ?@>AB>3> 2>A?@>872>4AB20 A>F8>18><0AAK =5 AB8<C;8@C5B AB>;L MDD5:B82=> :0: :>=:C@5=B=K5 <5E0=87<K 8=B5=A8D8:0F8N ?@>872>4AB20, 0, A;54>20B5;L=>, 8 B5E=>;>38G5A:>5 @0728B85. BAN40 B5E=>;>38G5A:0O =5:>=:C@5=B>A?>A>1=>ABL 8=AB8BCF8>=0;L=KE F828;870F89, CA8;820NI0OAO : B><C 65 70<5=>9 G0AB=>9 3@0640=A:>9 8 M:>=><8G5A:>9 8=8F80B82K 8=8F80B82>9 48@5:B82=>9. 5:B>@ @0728B8O  A>>1I5AB20E, >B=>AOI8EAO : 8=AB8BCF8>=0;L=K<, <K 2A5340 >1=0@C68205< OA=> 2K@065==CN B5=45=F8N : 87>;OF8>=87<C. 7>;OF8>=87< 8=AB8BCF8>=0;>2 =>A8B 42>9AB25==K9 E0@0:B5@  >= =0?@02;5= =5 B>;L:> 2> 2=5, :0: 70I8B0 >B M:A?0=A88 3@0640=A:8E A>>1I5AB2, => 8 2> 2=CB@L - :0: >3@0=8G5=85 2>7<>6=>AB59 ?>42;0AB=>3> =0@>40 ?@8>1I8BLAO : 1;030< :>=:C@5=B=>9 F828;870F88 8 ?>?0ABL ?>4 2;8O=85 55 845>;>388. !B>8B ?>4G5@:=CBL, GB> 2 87>;OF8>=87<5 =C640NBAO, ?@5645 2A53>, 2;0AB=K5 8=AB8BCBK, B>;L:> B0: >=8 8<5NB 2>7<>6=>ABL A>E@0=8BL A2>5 <>=>?>;L=>5 2;8O=85. > <=>3>< MB> A2O70=> A =5:>=:C@5=B>A?>A>1=>ABLN M;8B 8=AB8BCF8>=0;L=KE A>>1I5AB2. 'B>1K 2K68BL 8 A>E@0=8BL 2;8O=85 =0 A>F8>18><0AAC 2 B0:>9 A8AB5<5 B@51C5BAO ?@8<5=5=85 2=5:>=:C@5=B=KE 8=AB@C<5=B>2 8, ?@5645 2A53>, 2>5==>-?>;8B8G5A:8E. BAN40 8 O2=>5 ;8F5<5@85 ?>;8B8:8 87>;OF8>=87<0, :>B>@CN ?@>2>4OB 2;0AB=K5 M;8BK. =0 @0A?@>AB@0=O5BAO B>;L:> =0 ?>42;0AB=>5 =0A5;5=85, A0<8 65 M;8BK 8<5NB A2>1>4=K9 4>ABC? : B5< 1;030<, >B :>B>@KE >=8 AB>;L CA5@4=> >15@530NB >1I5AB2>  :><D>@B=CN 8 @0A?>;>65==CN 2 157>?0A=>< <5AB5 =542868<>ABL, :0G5AB25==>5 >1@07>20=85 8 2@0G51=K5 ?@0:B8:8 8 B.4. N1>?KB=0 2 MB>< A<KA;5 M2>;NF8O 2=5H=5?>;8B8G5A:8E >B=>H5=89 >AA88. !8AB5<=0O ?5@5AB@>9:0 =0G8=0;0AL ?@8 O2=>9 B5=45=F88 : ?@5>4>;5=8N 87>;OF88 8 =0;06820=8N 4>1@KE >B=>H5=89 =5 B>;L:> A A>A54O<8, => 8, ?@5645 2A53>, A 0?04=K< <8@><. 4=0:> :0: B>;L:> A8AB5<=0O ?5@5AB@>9:0 2K@>48;0AL C =0A 2 A8AB5<=CN <>45@=870F8N (8) 8 ?@>87>H;0 @5AB02@0F8O A2>9AB25==KE =0H5<C B8?C F828;870F88 1078A=KE >B=>H5=89 (25@B8:0;L 2;0AB8, 3>A<>=>?>;8AB8G5A:89 :0?8B0;87< 8 B.4.) :0: A@07C ?@>87>H5; ?>2>@>B 2A?OBL. @CAB=> >A>7=020BL, GB> A53>4=O <K =5 8<55< 4065 A0B5;;8B=>3> >:@C65=8O, M;8BK :>B>@>3> <>3;8 1K 1KBL 1>;55-<5=55 ;>O;L=K : =0<. >AA8O >?OBL AB>;L 65 >48=>:0 2 <8@5, :0:>9 1K;0 >=0 2A5340 =0 ?@>BO65=88 2A59 A2>59 4>A>25BA:>9 8AB>@88, 8 C =0A A=>20 >AB0;8AL, :0: <5B:> 2K@078;AO A0<>45@65F ;5:A0=4@ III, B>;L:> 420 A>N7=8:0  =0H0 0@<8O 8 D;>B. AB0B8, ;N1>?KB=> 70<5B8BL, GB> =>20O @>AA89A:0O 2>5==0O 4>:B@8=0 D0:B8G5A:8 ?@87=05B 8<5==> MB> >1AB>OB5;LAB2>  A53>4=O <K =5 8<55< A>N7=8:>2, => =0H8 ?>B5=F80;L=K9 ?@>B82=8: ?@0:B8G5A:8 25AL <8@ =0G8=0O >B 0B288, :>B>@>9 <K AC;8< >B <5@B2>3> >A;0 CH8 4> !>548=5==KE HB0B>2 <5@8:8, :>B>@K5 5ABL 3;02=0O :>=:C@5=B=0O C3@>70 =0H8< M;8B0<. 54L :0: <K C65 >B<5G0;8, =0H8 M;8BK ?>445@6820NB A2>N :>=:C@5=B>A?>A>1=>ABL ;8HL 70 AG5B CA8;5=8O M:>=><8G5A:8E 2>7<>6=>AB59 ?>;8B8G5A:>9 2;0ABLN, 0 =5 70 AG5B @50;L=>9 C?@02;5=G5A:>9 MDD5:B82=>AB8. >@0;L=>-MB8G5A:85 >A=>2K, 845>;>38O >;L @5;838>7=KE <>@0;L=>-MB8G5A:8E 8 845>;>38G5A:8E A8AB5< 2 8=AB8BCF8>=0;L=KE A>>1I5AB20E 2> <=>3>< 7028A8B >B B>3>, :0:>9 8=AB8BCB O2;O5BAO 2;0AB=K< - A25BA:89, ;81> @5;838>7=K9. !25BA:8< 65 8=AB8BCF8>=0;L=K< A8AB5<0< @5;838>7=0O A>AB02;ONI0O 845>;>388 8 <>@0;L=>-MB8G5A:8E A8AB5< 8=B5@5A=0 ;8HL =0AB>;L:>, =0A:>;L:> MB> <>65B 1KBL ?@8A?>A>1;5=> : ?@0:B8G5A:8< =C640< M;8B 2 ?>445@60=88 2;8O=8O =04 C?@02;O5<>9 <0AA>9. A:;NG5=85 2 B0:>< ?;N@0;87<5 A>AB02;O5B, ?>60;C9, B>;L:> ?@>B5AB0=B87<, :>B>@K9 =5 2?8AK205BAO 2 A8AB5<C F5==>AB59 8=AB8BCF8>=0;>2 A2>59 ?@825@65==>ABLN : 4CEC 8=48284C0;L=>3> A?0A5=8O 8 =5 ?@8A?>A>1;5= : @>52>9 <5=B0;L=>AB8. %0@0:B5@=>9 >A>15==>ABLN <>@0;L=>-MB8G5A:8E 8 845>;>38G5A:8E A8AB5< 2 B0:8E A>>1I5AB20E O2;O5BAO ?>4<5=0 >1I5AB25==KE F5==>AB59, 8A:CAAB25==>5 A>740=85 ;>6=KE ?>=OB89. /@:89 ?@8<5@ B><C - >B>645AB2;5=85 ?>=OB89 >48=0, B5G5AB2> 8 3>AC40@AB2> (:0: >A>1K9 0??0@0B C?@02;5=8O A>>1I5AB2><), :>B>@>5 H8@>:> 8A?>;L7>20;>AL 2 A>25BA:>5 2@5<O. >?C;O@=K9 2 845>;>38G5A:>9 <8D>;>388 2@5<5= 5;8:>9 B5G5AB25==>9 2>9=K :;8G 0 >48=C, 70 !B0;8=0! AB028; 2 >48= @O4 :0: B5G5AB2>, B0: 8 ;8G=>ABL, >;8F5B2>@ONICN 87=0A8;>202H89 >1I5AB2> B>B0;8B0@=K9 @568<.  A8;C B0:>9 65 ?>4<5=K->B>645AB2;5=8O A>25BA:89 ?0B@8>B87< @0AA<0B@820;AO :0: A;5?>5 A;54>20=8N ?@54=0G5@B0=8O< M;8B, 0 =5 :0: 5AB5AB25==> 2>7=8:0NI55 GC2AB2> A>;840@=>AB8 A>3@0640=.  A>?@>B82;5=85 ?@02OI5<C @568<C 8;8 4065 ?@>AB>5 =5?@8OB85 =02O7K205<KE 8< F5==>AB59 8 ?>2545=8O, @0AA<0B@820;>AL =5 B>;L:> :0: 3>AC40@AB25==>5 ?@5ABC?;5=85, => 8 ?@540B5;LAB2> >48=K. >>1I5 2 8=AB8BCF8>=0;L=KE A>>1I5AB20E ACI5AB2C5B OA=> 2K@065==0O B5=45=F8O : ?>>I@5=8N :C;LBC@=KE D>189.  B0:8E F828;870F8OE, :0: ?@028;>, >1JO2;O5BAO 2@06451=K<, <>@0;L=>, 0 ?>4G0A 8 70:>=>40B5;L=> >AC6405<K< (=0?@8<5@, 2 >@B>4>:A0;L=KE 8A;0<A:8E A>>1I5AB20E) 8A?>;L7>20=85 0B@81CB>2 8 AB8;O ?>2545=8O, A2>9AB25==KE 8=>9 :C;LBC@5. >AB0B>G=> 2A?><=8BL A0:@0<5=B0;L=>5 !53>4=O >= 83@05B 4607, 0 702B@0 >48=C ?@>40AB, GB>, :AB0B8, 4>AB0B>G=> 045:20B=> >B@060;> 3>A?>4AB2>202H55 2 ?5@8>4 @0AF25B0 A>25BA:>3> AB@>O >1I55 C<>=0AB@>5=85. ;02=0O ?@8G8=0 0:B82=>9 ?>4<5=K 107>2KE >1I5AB25==KE F5==>AB59 2 8=AB8BCF8>=0;L=KE A>>1I5AB20E 70:;NG05BAO 2 B><, GB> >1I5AB25==>5 A>7=0=85 8=AB8=:B82=> ?@87=05B 70 A>1>9 2KAHCN F5==>ABL.  ?>B><C 5A;8 2=CH8BL 5<C, GB> =0@>4 8 ?0@B8O 548=K (9), 0 :>@?>@0B82=>5 >1J548=5=85 M;8B MB> 8 5ABL >48=0, B> 8=AB8=:B82=>5 284>2>5 AB@5<;5=85 70I8B8BL 3@0=8FC A@54K A2>53> >18B0=8O @0A?@>AB@0=8BAO 8 =0 E8<5@K, 35=5@8@C5<K5 2;0ABLN.  =0@>4 C65 2?>;=5 3>B>2 84B8 2 1>9 70 8=B5@5AK 8 0<18F88 A2>8E 2>6459. 06=K< M;5<5=B>< MB8G5A:>9 A8AB5<K 2 8=AB8BCF8>=0;L=>< >1I5AB25 O2;O5BAO >A>1>5 >B=>H5=85 : 1>30BAB2C. "0: :0: 4>AB0B>: A2845B5;LAB2C5B, ?@5645 2A53>, > <5AB5 2> 2;0AB=>9 85@0@E88 ;81> ?@8=04;56=>AB8 : M:>=><8G5A:>9 M;8B5, ?8B0NI59 2;0ABL, B> >=, :0: ?@028;>, =>A8B ?>:07=>9 E0@0:B5@, 2AOG5A:8 ?>4G5@:8205BAO 8 D5B8H878@C5BAO. ;O 8=AB8BCF8>=0;L=>3> A>>1I5AB20 =5 A2>9AB25==0 A?>A>1=>ABL : ?>:0O=8N, B0: :0: >=> =5 ?5@5E>48B : =>2>9 A8AB5<=>9 >@30=870F88, 0 ;8HL F8:;8G=> 2>A?@>872>48B A2>5 ?@>H;>5, ?>425@30O 53> <>45@=870F88, =>, >B=N4L =5 >B:07K20OAL >B =53>.  >B;8G85 >B =5<F52, <K =8:>340 =5 ?>:05<AO 70 A2>N :><<C=8AB8G5A:CN AB04=>ABL 8 70 ?@5ABC?;5=8O, A>25@H5==K5 2 MB>< A>AB>O=88, ?>B><C GB> AB@5<8<AO 2>A?@>8725AB8 53> 2 4=5 A53>4=OH=5<.  !B0;8= 8 5=8=, 87=0A8;>202H85 =0HC =0F8N, 1C4CB 2A5340 2 G8A;5 2K40NI8EAO =0H8E 2>6459, B0: :0: <K 8 A53>4=O 3>B>2K >B40BLAO 2 <07>E8ABA:>< ?>@K25 2 >G5@54=K5 A8;L=K5 @C:8. "@048F8>==0O F828;870F8O -B>B B8? F828;870F89 AB>8B 2 =0H5< @O4C 2 =5:>B>@>< A<KA;5 >A>1=O:><, :0: @5;8:B>2K9. ?@>G5<, =5 B>;L:> :0: 4>AB02H89AO =0< 2 =0A;5485 >B ?5@2>1KB=>AB8, => 8 :0: >A>1K9 B8? A0<>>@30=870F88, :>B>@0O >@30=8G5A:8 2?8A0=0 2 0@50;, ;>:0;L=CN >:@C60NICN A@54C, O2;ONICNAO =5 ?@>AB> D0:B>@>< @0728B8O, => 8 55 A8AB5<=K< M;5<5=B><. %>BO G8A;> B@048F8>==KE A>>1I5AB2 AB@5<8B5;L=> A>:@0I05BAO ?> <5@5 @07@CH5=8O M:>A8AB5<, 2 :>B>@K5 >=8 2?8A0=K, 8E <>6=> =09B8 5I5 =0 >AB@>20E >;8=5788, 2 F5=B@0;L=>9 D@8:5$&(*     > H $ & ( > @ ` b n   ( T   " V Žѽѹŵh8#hF;Dhh;hru<hagh^he"hz\thhhh.hac h:th;Zh8+hU! h]h]h-oh$h<0A(*D l((!#&z(("-057p9<>gdGgdugd9 gdagdagd.gd$gdgd$gd]gdadexxV j l DLP6J6PT\fh0Ddp&(NDZr.R "(Z"&^`znh""=hkljh]K0JUhagh.hH'^h>h!uh4xhn2h&{Hh Gh;Z h9h9h9h:thkwhac hU!B,6!!@"F"%Z%&&&&"'H'`''''v(x(z(((((($)&)F***+++,,- -"---------ɹɹ൱ɭhph?NhV\h\+h^.hQkhk'hBh'hNh<0ha h9h""=hQhv;h0h h?h""=hl]6h_h<h.h-?-2..8/ >">b>>>>>>????@@@@*@@@FAHAbAAAB0B>B@BBBB"C`CCCC0DLDDDDD h)36hAWahV6 hV6hIh^hVhGR:hNXh ZhDh_chU5h5J=h9 h' h{hGh hhQhlIhT uhAWahg9>@HACGItKRPzPSVZ ^~__begijkTlloLrs.ugd hFgdKgdDgdgdagdgdVgd9 DDDEEEEE0E2E4EJEZE\E&F(F:FfFFFFFFG$H&HHNHbHdHfH~HHHHHHHHHHHHHHIfIIIIIII2J:JJJJJJ˻ìèèˠÜטӜ˨˨˨h_chAWahg*hb6hhg*hb56 h6hg*hg*6hg*h Zhh0]hE0bhOhbh$h$xhVhAWahV6hAWahV6mH sH LHL`LxLL&M:MTMVMxMMMMM2NHN|NNNNNNFOPPNPPPRPxPzPPP:RtRzRRSpSSSTTTRUUU¾¾¾ºhjQbhXz6hjQbhd*b6hjQbh7!6h^.h7!hRYh' hyuh^hSh)3jhJbo0JUhqhY;Ph5J=hT uh&|hh=UUUUUVNVVVX,XBXXXXtYYZZR[[[[[8\J\X\\\\\]<]`]]]]^^ ^4^^^x_z_|_~_______n`ʷhKh7!hklh|yh$1h:lHh#]h9 Lhxrh_h0$hDh h$1\ h9 L\ h\ hXz\hjQbh7!6hjQbh9 L6hjQbh$16hjQbhXz6hjQbhd*b6hjQbh#]65n`aa6aa8b:bbbc6ccccc4d:dk@k`khkjkkkl l:lTlll8m:mJmhz3ehoZh hFhvMAh /h ,_hQ\hYh6Ph|yhuhmhg;Th:lHh9+(h hKhHJmmmmmnooo$p4p8p~ppppq&qhqqqqqrHrLr\rrrrrr.sBsss.u4upu~uuuuuFvjvvvvvvv$w xxx,xPxxxxx,ynyɽɮɪhDh<h1NhkcQh- h#h ECh ECh[0hoc2h{ih ,_hy5Nh& hehh /hoZh^thhvMAhyAh h hF?.uxxx>{(n"vl Ԝxgd8#gd8#gdkgdkgd<gd3gd{igdhgd1HxgdDgdkcQgdkcQgdagd ECnyyyyyzzLzNzRzTzzzzZ{l{||||"~B~~~JDHJLfhֆFn|ʌ82t "dlnp̙ܿ̕̕h-i hhhh hm\hh EC\ h=D\ hn \h+h EC\ h EC\hvYFhQh1Hxh=DhDmH sH h ECh h9Vh*h[0hXthxahDhvLu9>BTVdfrtv|ȓ̓<̔04rĖږ,08fjlnėƗH  "(0Nƺγhphk h=Dh=D hdhdh$h=Dhu60hPh3h h{ih{ihdDh 0h{ihkh1Nhdh-i hhhhhh@NlΜМҜԜ@BPžĞƞrڠHN`b|0nrvxzȥ, ļ˴ˬjhu$v0JUhNhWF hphphm-hLf@hh&ahfh h h 6 h8#h8#h8 h9+(h8#hkh}{whkh$h< h<h< hdhdhphd5xBn4p4*l<HVgdI gd^+gdru<gdru<gdgd6<gdagd8#gd ECgd1Ngdp BDXZ\ԩЪ hjln̬ܬ jRV8Zܳ24p2»ڔ搌hNhhy5Nhf{h& hPVaJ hf{aJ hvnaJh8#h8#aJ h8#h&hz\thhlhPVhm-hWFh"hBvh ECh&ah6< h6<h6<hLf@h1N h{ih724P&2jlԺ(*t8DHPRV@,Ld¾¾ºº¶²Ʋƛݗh.hn(hlh^+ h^+h^+h$hjh9Vhth.A h=IhdT2hL23hh>0 h0hru<hru<hhh>*hNhhlhdh hh;xz*.hj fhjX46FHt "&0l>Pļh#Lhn(hr hb:hH0hH0h.A hah.{hmhh^+hh~<%hFjh Ssh.hb:hlh`(6hO}h ~h`(= .<T8`l(Jj :gdcGgdVgdW#gddgd[aRgd0gdgdH0gd:gdI PRVX*Z^&(,Dlnpp JLN:<>~fjbŵŦŵŵŹhhN.h4$7h:h:hY8 hb:hH0hH0hhhmhhh.{hahdnh{hbih>0hn(h9Vhthrhih#Ljh#L0JU9BTLNjlr8Tr6V.RV\`ļิ h[aRh[aRhrvah[aRh+(hfhH0h87h0hb:h.hHhuhhhdh4$7hN.hY8hhCjlt  DZ\&(6pt$&xzD&`ddjln "lxٿ廫ݳݳhd h2-h2-h2-mH sH h1h/h2-hW#h(cB*ph h^8h^8 h^8h(ch(chhH0h#_hXhrvah[aR h[aRh[aRhU?2HJlz~,8<Lhj < V "     < >      R T   $&(:H¾¾κ¾¾¾¶ζζζhcGh/h3 hVh$Shhfhgp h0h0h0h Wh h67h0 h2-h1hW#hdh1E:J4!&bggjmo(oprtwdz"~@gd2gdb+gd^+gdNgd1!;gd1!;gdxF`gdAgd)zgdt^GgdUgdO}gdVHNJ\$`DFJZ "4 !!!!!ĺֲֲֶhAhOh~whVh\qh)zht^Gh yh4&5hEZh+(hcGjhnc0JUhO}h0jhUB0JUhUhgph"hf h\Eh\Eh3 h\EhYhhYhhQ6!""#^h_j___j````ta$b&bgggijjXkLlPlmnno&o(oZo\ojoooooooppp pppqqqrrr,r.rPrrİİĨh@}h,)RhUoQjhn 0JUh hu}h hb+hDohv/)h+(hh^+hL2hST:h12jhxF0JUhxFh)zh1!;hoAh~hYRhVUhOh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ynergia  A>B@C4=8G5AB2>). !8=5@38G5A:89 MDD5:B (>B 3@5G. synergs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rrssHs^s`sfss*tZtptttt@uBuZu^utuuuuu6v8vPvRvwwww0xbxxxRyybzdzzzzz {6{8{p{r{t{{{{{{|F|H|^|||||| }}}}İĸиhJqhf*h79hrh-h^+hP_'hl]hN=hh8hq-hvPhn hiqhhhb+hryhh9hUoQC},}}}}~"~~~ 6>DVȁ΁\ Rƒփ؃,.0PTZ| &<@HJ‡ć҇Xչ͵͹hf*hmf6hf*h@"6h@"h,3h-hhmfh@Gh h.h:6hb+ h2h2h`hY'h2h7Uhrh79hJqh ?>@nΜ֡T̷8gdoigd jgd jgdfgdM gd!1EgdNgd9gdmfgdb+XЊnv܌ތ(@8LNhx|b$"<Bĕԕ*p:~ǿÿ˿˷˷dzdzdzdzdzh cth@Gh5Dhf*h1h9h2DmhB-h:oh!1Eh:6h5h,3h!hf*h!1E6hf*h6hf*h56hf*h!6hf*hmf6hf*hw68~jnpęƙ n؛ڛfΜڝPRVltvx068<N\ŸJLչ͟ͽ͛ hM \hM hkh2@h h],#h],#h< h],#h+ljh+ljhEh9chGhF2h[jhO)h!1EhhY5h2Dmhhh:6h ctjh ct0JU9ޠԡ֡.ܢ &Nģ*@J^dx (VrЧL¨02FXhp©:@ث$ܬRþïï h!Y\hM B*\ph hzm\ h+)I\ hU\ hMno\ hf\ h%c\ h\0hM ha&%\ h9c\ h\ hM \hhM \ERTZ^x6RVlβֲܲ2~*Ĵȴ>X ܶԻʻ㟉 h(5\jhW60JU\ h+(\ h#;G\ h9\ hiQ\ hv\hŽŽŽŽŽŽş hm\ h>v\ hE\ hjx\ hnn{\ hiQ\ h j\hhM \ hM \ h j\ h(5\ hY\ h*\ h>V\ h\ hE+\hE+hE+\ hv\ hv\ h J\C<j DV4j0zbgdkgd gdjgdgdbU@\F ~,Fl.Lfvn|Fh V\^`lpƷƷƷƷ˲˨hchbU6\ hc\ h`\ hG]D\ hgil\ hbU\hhbU\hgilhhchgDh;jh;0JUhbUh)^% hhbUA&>BDzBJPT^TV:L26@df24PR>B*.nV\½½µhIhI6\h!h hhbUhMuhhk\ h>\ hMu\ hbU\ hk\ h\hhz>\ hz>\ h`\ h\hhbU\ hB-\ hqD\<\<> ",r24RnN`NRù贯㴠jh0JU\ hB-\ h#/\ h4)\ hj\ h\h9hW$6\ hW$\h9h9\h9\mH sH  h9\ h,1\ hE\ hbU\ hf\hhbU\ hI\:V.hjZD\LNnp:z   J & ( * N     J ` b d    L  *ph h4)\ h*O\ h%z\hhbU\ hbU\h4)hbUh8h%z hhbUhIhIOJQJ^JhIhkOJQJ^J h]\ h \ hk\ h h hI hi_h h 8bN ~zd, $$b&4+/J257&;<;;>?gdh`gd!$1gdklgdOgdEgdbUgd4)gdIgdIgdkLxz|~.DH*>LZ Hb|tv6d  6TV f(,hP^T  h"\ h}P\ hL)\ h#/\ h8\h#/h4)56\ hbU\h"h%z\hhbU\ h4)\ h*O\IT t    $! ""$*$$$$b&z&&&&&&&6'(6(R(((++4+j+,- - -D--H.L..z/|/~///000061:1D1H245555555P6R666677>8V8˯˯ hG\hJhJ\ h $\ hc=6\ h"\ hb\ hO\ hJJ\h8 hL)\ hJ\ h8\hhbU\ hbU\ h 5\EV88888<9\9h9z9 ::D:b:::$;&;:;<;F;;;<*<,<<<>>>2>J>N>>>>>>?2?4?N????BBBBBCCCEGG\HHTIVIxIzI|ILJNJ¾ҺҺҶζҶڲʲh+hhSnh&8h|*hCphLmhc=6hc=6hc=66h%hhh!$1h hklhOhN\hGhi_hxhOhN hO\@?BCGNJtJMOPRWZ,[]bccdeNgPgHkBlNmn,p d`gd]K`gd(c`gdoc2`gdf{gdklgdhgd|*NJtJJJJJJJJKKKKKKKfLL@MBMNMMMMMN NZNNNOOOOӧç𓊧zqe\hkcQ5CJaJhkcQhkcQ5CJaJhoc25CJaJh*CJaJhCJaJh5CJaJhh*5CJaJhhCJaJhCJaJh1rh1rCJaJh1r5CJaJhe[CJaJhBtCJaJh1rCJaJhBt5CJaJhBth*5CJaJhBth]K5CJaJhkl!O PJPfPhPPPRNRPRRRTRRR~StTTLUWWWWWWW&X(X*XHXLXNX`XىxlxlxaSh^8h^8CJ]^JaJh*h=ICJaJhth=I5CJaJht5CJaJhtCJaJhtht5CJaJhhPVCJaJhhCJaJhCJaJhn CJaJh5CJaJhhPV5CJaJhh*5CJaJhkcQ5CJaJhoc2hkcQCJaJhoc2CJaJhoc2hoc2CJaJ`X|XXXXXYzZZZZ&[*[,[.[0[2[F[L[\]]]]]4]ῳwnf[OChAh(c5CJaJhAh^85CJaJhthdnCJaJh>CJaJht5CJaJhthdn5CJaJhtCJaJh^8ht5CJaJh"&5CJaJh"&h"&CJaJh"&CJaJh"&h"&5CJaJh=ICJaJh^8h^8CJ]aJh^8h^8CJ]^JaJh^8h^8CJaJh^8CJaJh^8CJ]^JaJ4]x]z]]]]___bbbbbbbbbbcccccctktkcWcL@h\Eh\E5CJaJh\Eh(cCJaJh\ECJaJmH sH h\ECJaJh^5CJaJh^hYh5CJaJh^h^5CJaJh"&5CJaJh^h(c5CJaJh^h^CJaJh^CJaJmH sH h^CJaJh^hACJaJhAhA5CJaJhACJaJhAhACJaJhAh(c5CJaJhA5CJaJccccccdd:dLdddbedefeheeejffffffffNgPgRgHkJkBlDlNmPm̾vrcWcWcWcWcWcrvrvrvrvh CJOJQJaJh]Kh CJOJQJaJh jh 0JUh],#hz>5CJaJh"CJ\aJh],#CJ\aJhUtCJ\aJh],#h],#CJ\aJh],#5CJ\aJh],#h],#5CJ\aJh"&5CJ\aJh\Eh+ljCJaJh\ECJaJh\E5CJaJh\Eh+lj5CJaJ"Pmnn,p.ppprrr"ssssss u uuwPxRxTxVxxxxxxxxxxxxļļļļİh],#hz>5CJaJjhwUhwh;h CJOJQJaJh CJOJQJaJhh CJOJQJaJjh 0JUh ",pprss uRxTxxxxxxxxxxxxx`gdf{dgd;dgdgdxF/1h<0. A!"R#n$n% B@B 1KG=K9CJ_HaJmHsHtH^@^ a 03>;>2>: 1$<@&5CJ KH OJQJ\^JaJ `@` a 03>;>2>: 2$<@& 56CJOJQJ\]^JaJZ@Z {i 03>;>2>: 3$<@&5CJOJQJ\^JaJBA@B A=>2=>9 H@8DB 0170F0XiX 1KG=0O B01;8F04 l4a .k. 5B A?8A:0POP ,d 01>G89 =0:$dh`a$OJQJZOZ . 01>G89 =0: =0: CJOJQJ_HaJmHsHtHFOF & 01>G89$dh`a$OJQJp#p & !5B:0 B01;8FK7:V0<@2< ]K "5:AB A=>A:8CJaJ2&@A2 ]K =0: A=>A:8H*"Pjه"WЪod5x "wa P =HtKW !)$=$%B'Q)+++p-./01*2B23&5568G8k89;<?^A7BDEEFGIJjJKLNPPQ7RSXTUVVWXZZ \\]^`rbcegghilnpqrssst0uvx`{}}N5[σ݇%ZpU%~Ûn1ȤԪ֬f|ޱղ;pwջ/||j+ )Nv8kC+Ql$/ZWW|  '  ZC8958wx00000000000000000000000000000000000000000000000000(000000000(0000000(000(00000000000(0000000000(0000000000(0000000(00000000000000(0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000@0@0@0@0@0@0@0@0@0@0@0@0@0@0@000 @0y00@0y00@0y00@0y00y008k{00 Sy00 y00y00{00{00py00y00y00{000 V -<DJUn`JmnyN 2PH!r}~Rܶ@\T V8NJO`X4]cPmx=>@ABCDEGHIJLMNPQRSTU>.ux:@b?,px?FKOVxH !C*urn:schemas-microsoft-com:office:smarttagsmetricconverter p2008 3 ProductIDBU$ %**44)N;NSSbUqU^]l]]]n____f+fk*kl m{nn>rKrt*t@vMvsvv7zCz2:W^ҤƩ%4ʷٷ$!]i/>[bkx  / 4 CnwW^ NVLT?D#&,,,-5-?5A5EEEEjJK&MNNP[[|\\s tatctdtgtΊԊpuMÛntξо^bz~0;ce|izRZBQ  |~  CKxvim"<%=EER4SVV^^ss}}Zoc$.CfC>!W$NN ~. W}O;xa i`f  i%*[-M ' w2 .A  { 9 I f^.e"~wGeV>0oi+18KU>v>k bvnun xFF2e[xr 0h&|p8#3(53  *|*^+E+\+b+B-B-m-..N.// /#/u60[0!$1$112dT2oc2)3L23a4 54&5U5c=6l]6874$7879h9:GR:ST:v;;1!;<<ru<""=5J=V?W?Lf@vMAoAUB EC5DF;DG]DgD!1E\EXtXz7[>Vq-8V?*>h2-,3!0&8$>NDk#LYoZ2-X%agxY5L)"0$?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWYZ[\]^_`abcdefghijklmnopqrstuvwyz{|}~Root Entry F@1P1TableXW>WordDocument1SummaryInformation(xDocumentSummaryInformation8CompObjq  F Microsoft Office Word MSWordDocWord.Document.89q