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+8
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8
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GHGEVWCTFQUVCTGCUKORQTVCPVGU
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RQUVGTKQTOGPVGCNCU¶TGCUHWPEKQPCNGUFG#FOKPKUVTCEKÎP2TGUWRWGUVQ
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RTQEGUQFGOKITCEKÎP
R
R
R
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SWG UG ECRCEKVG GP GN WUQ FG NCU CRNKECEKQPGU [ JGTTCOKGPVCU FG
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x
x
x
x
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GSWKXCNGPVGGP)07.KPWZ
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FG NQU TGEWTUQU [ GUHWGT\QU KPUVKVWEKQPCNGU RCTC RGTOKVKT NC
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EQPVKPWKFCFFGNQURTQEGUQUFGNCKPUVKVWEKÎP
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ECTIQ FG WP %QOKVÃ 6ÃEPKEQ +PUVKVWEKQPCN RCTC NC
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KPIGTGPEKCUQDTGNCOCTEJCKPUVKVWEKQPCN
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CEWGTFQU
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GPOCTECFQUFGPVTQFGNCRCTVKFCRTGUWRWGUVCTKCFGUVKPCCNRTQ[GEVQ
(WPEKQPGUFGNC1HKEKPCFG+PHQTO¶VKEC
x
x
x
x
x
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2TQRQPGTCN2TGUKFGPVGFGN%QOKVÃGN2NCPFG#EVKXKFCFGU
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UQHVYCTGCUÈEQOQVCODKÃPFGNRGTUQPCNVÃEPKEQTGSWGTKFQ
5WRGTXKUCTGNEWORNKOKGPVQFGNCUOGVCURTQITCOCFCU
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2TQITCOCFQTGU
2GTUQPCNFG
#RQ[Q
(WPEKQPGUFGN%QOKVÃ6ÃEPKEQ
x
x
x
2TQRQPGTCNVKVWNCTFGNCGPVKFCFGN2NCPFG#EVKXKFCFGURCTCNC
OKITCEKÎPFGNQUUKUVGOCUFGKPHQTOCEKÎPCUQHVYCTGNKDTG
5WRGTXKUCT NC TGCNK\CEKÎP FGN FKCIPÎUVKEQ G KPXGPVCTKQ FG NQU
UKUVGOCUFGKPHQTOCEKÎPCUGTOKITCFQUCUQHVYCTGNKDTG
'XCNWCT NQU EQUVQU FGN RNCP FG OKITCEKÎP ETQPQITCOC FGN
RTQEGUQ FG OKITCEKÎP NC FKURQPKDKNKFCF [ ECRCEKFCF FGN
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
x
x
x
x
RGTUQPCNKPHQTO¶VKEQFGNCKPUVKVWEKÎPRCTCGHGEVWCTGNRNCP FG
OKITCEKÎPQGPUWFGHGEVQGUVKOCTNCRCTVKEKRCEKÎPFGVGTEGTQU
#UKIPCEKÎP FG NQU TGEWTUQU TGSWGTKFQU C PKXGN FG JCTFYCTG [
UQHVYCTGCUÈEQOQVCODKÃPFGNRGTUQPCNVÃEPKEQTGSWGTKFQ
5WRGTXKUCTGNEWORNKOKGPVQFGNCUOGVCURTQITCOCFCU
2TQOQXGT CEEKQPGU FG FKHWUKÎP UQDTG GN RNCP FG OKITCEKÎP [
UWUDGPGHKEKQUCNWUWCTKQGKPUVKVWEKÎP
%QPUVKVWKT NQU UWDEQOKVÃU Q RTQ[GEVQU GP HWPEKÎP C NCU
ECTCEVGTÈUVKECU[OCIPKVWFFGNC+PUVKVWEKÎP
,GHGUFG2TQ[GEVQ
2TQ[GEVQ#5GTXKFQTGUFG%QOWPKECEKQPGU
4GURQPUCDNG ,GHGFG)GUVKÎPFG%QOWPKECEKQPGU
#EVKXKFCF
#FOKPKUVTCEKÎPFGUGTXKFQTGUFGEQOWPKECEKQPGU
5GTXKFQT 9GD %QTTGQ 4GF (KTGYCNN &05
0(54GURQPUCDNGFGNTGURCNFQ
(WPEKQPGUGURGEÈHKECUFGPVTQGNRNCPFGOKITCEKÎP
x
x
x
x
1TICPK\CT EQQTFKPCT [EQPVTQNCTNQU TGEWTUQU FGJCTFYCTG[
UQHVYCTGRCTCNQUUGTXKFQTGUFGEQOWPKECEKQPGU[OQPKVQTGQ
2CTVKEKRCT GP NC GNCDQTCEKÎP FG VCTGCU [ FGUCTTQNNQ FGN
RTQ[GEVQ
#RNKECT NQU RTQEGFKOKGPVQU GUVCDNGEKFQU RCTC NC TGCNK\CEKÎP
FGN RTQ[GEVQ &KHWUKÎP +PXGPVCTKQ 'XCNWCEKÎP FG NCU
CRNKECEKQPGU [ JGTTCOKGPVCU )07.KPWZ C CFQRVCTUG
KORNGOGPVCEKÎPRTWGDCUECRCEKVCEKÎPCNRGTUQPCNFGUW¶TGC
[WUWCTKQUFQEWOGPVCTGNRTQEGUQCFSWKUKEKÎPFGOCPWCNGU
FGWUWCTKQRCTCNQUUGTXKFQTGUFGEQOWPKECEKQPGUOKITCFQU
%QPVTQNCT [ UWRGTXKUCT GN EWORNKOKGPVQ FGN ETQPQITCOC
CFCRVCPFQOGFKFCUEQTTGEVKXCUFGUGTPGEGUCTKQ
2TQ[GEVQ$5GTXKFQTGUFGDCUGFGFCVQU
4GURQPUCDNG ,GHGFG)GUVKÎPFGDCUGFGFCVQU
#EVKXKFCF
#FOKPKUVTCEKÎPFGUGTXKFQTGUFGDCUGFGF&CVQU
&GUCTTQNNQ [ CFOKPKUVTCEKÎP FG NC CRNKECEKÎP [
TGURCNFQ
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
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5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
(WPEKQPGUGURGEÈHKECUFGPVTQGNRNCPFGOKITCEKÎP
x
x
x
x
1TICPK\CT EQQTFKPCT [EQPVTQNCTNQU TGEWTUQU FGJCTFYCTG[
UQHVYCTG RCTC NQU UGTXKFQTGU FG DCUG FG FCVQU FGUCTTQNNQ [
IGUVKÎPFGCFOKPKUVTCEKÎP
2CTVKEKRCT GP NC GNCDQTCEKÎP FG VCTGCU [ FGUCTTQNNQ FGN
RTQ[GEVQ
#RNKECT NQU RTQEGFKOKGPVQU GUVCDNGEKFQU RCTC NC TGCNK\CEKÎP
FGN RTQ[GEVQ &KHWUKÎP +PXGPVCTKQ GXCNWCEKÎP FG NCU
CRNKECEKQPGU [ JGTTCOKGPVCU )07.KPWZ C CFQRVCTUG
KORNGOGPVCEKÎPRTWGDCUECRCEKVCEKÎPCNRGTUQPCNFGUW¶TGC
[WUWCTKQUFQEWOGPVCTGNRTQEGUQCFSWKUKEKÎPFGOCPWCNGU
FGWUWCTKQRCTCNQUUGTXKFQTGUOKITCFQU
%QPVTQNCT [ UWRGTXKUCT GN EWORNKOKGPVQ FGN ETQPQITCOC
CFCRVCPFQOGFKFCUEQTTGEVKXCUFGUGTPGEGUCTKQ
2TQ[GEVQ%#RN KECEKQPGUGUVTCVÃIKECU
4GURQPUCDNG ,GHGFGFGUCTTQNNQ
#EVKXKFCF
#FOKPKUVTCEKÎP FG CRNKECEKQPGU FG IGUVKÎP
CFOKPKUVTCEKÎP
QRGTCEKQPGU
GUVTCVÃIKECU
TGURQPUCDNGFGNTGURCNFQ
(WPEKQPGUGURGEÈHKECUFGPVTQGNRNCPFGOKITCEKÎP
x
x
x
1TICPK\CT EQQTFKPCT [EQPVTQNCTNQU TGEWTUQU FGJCTFYCTG[
UQHVYCTGFGUW¶TGCRCTCNCOKITCEKÎPCUQHVYCTGNKDTG
2CTVKEKRCT GP NC GNCDQTCEKÎP FG VCTGCU [ FGUCTTQNNQ FGN
RTQ[GEVQ
#RNKECT NQU RTQEGFKOKGPVQU GUVCDNGEKFQU RCTC NC TGCNK\CEKÎP
FGN RTQ[GEVQ FKHWUKÎP +PXGPVCTKQ GXCNWCEKÎP FG NCU
CRNKECEKQPGU [ JGTTCOKGPVCU )07.KPWZ C CFQRVCTUG
KORNGOGPVCEKÎPRTWGDCUECRCEKVCEKÎPCNRGTUQPCNFGUW¶TGC
[WUWCTKQUFQEWOGPVCTGNRTQEGUQCFSWKUKEKÎPFGOCPWCNGU
FGWUWCTKQRCTCNQUUGTXKFQTGUOKITCFQU
2TQ[GEVQ&#RNKECE KQPGU1HKO¶VKEC
4GURQPUCDNG ,GHGFGUQRQTVGVÃEPKEQ
#EVKXKFCF +PUVCNCEKÎP OCPVGPKOKGPVQ [ UQRQTVG C
GUVCEKQPGU FG VTCDCLQ C PKXGN FG JCTFYCTG
UQHVYCTG[TGURQPUCDNGFGNTGURCNFQ
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
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5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
(WPEKQPGUGURGEÈHKECUFGPVTQGNRNCPFGOKITCEKÎP
x
x
x
x
1TICPK\CT EQQTFKPCT [EQPVTQNCTNQU TGEWTUQU FGJCTFYCTG[
UQHVYCTGRCTCNQUWUWCTKQUHKPCNGUTGNCEKQPCFQUCNQUUKUVGOCU
QRGTCVKXQU[NCUWKVGQHKO¶VKECC)07.KPWZ[5VCT1HHKEG
TGURGEVKXCOGPVG
2CTVKEKRCT GP NC GNCDQTCEKÎP FG VCTGCU [ FGUCTTQNNQ FGN
RTQ[GEVQ
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RTQ[GEVQ &KHWUKÎP KPXGPVCTKQ GXCNWCEKÎP G KORNGOGPVCEKÎP
FG NCU CRNKECEKQPGU [ JGTTCOKGPVCU )07.KPWZ C CFQRVCTUG
RTWGDCU ECRCEKVCEKÎP [ FQEWOGPVCEKÎP FGN RTQEGUQ
CFSWKUKEKÎPFGOCPWCNGUFGWUWCTKQ
%QPVTQNCT [ UWRGTXKUCT GN EWORNKOKGPVQ FGN ETQPQITCOC
CFCRVCPFQOGFKFCUEQTTGEVKXCUFGUGTPGEGUCTKQ
)GUVKÎPFGTGFGU[DCUGFGFCVQUGPWPC+PUVKVWEKÎP
'SWKRQUFGVTCDCLQ
%CFC,GHGFGRTQ[GEVQQTICPK\CT¶[HQTOCT¶GNGSWKRQUFGVTCDCLQ
EQPHQTOCFQ RQT RGTUQPCN GURGEKCNK\CFQ GP GN UKUVGOCU FG
KPHQTOCEKÎPTGNCEKQPCFQCUW2TQ[GEVQ
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
(WPEKQPGUGURGEÈHKECU
R
R
R
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
'XCNWCEKÎP [ CP¶NKUKU FG HCEVKDKNKFCF FG NQU UKUVGOCU FG
KPHQTOCEKÎPCOKITCTUG
'LGEWEKÎP FGN RNCP FG OKITCEKÎPKPUVCNCEKÎP EQPHKIWTCEKÎP
RTWGDCU[ECRCEKVCEKÎP
8CNKFCEKÎP [ UQRQTVG SWG RGTOKVC RQPGT GP OCTEJC NCU
CRNKECEKQPGUOKITCFCU
'USWGOC1TICPK\CVKXQRCTC+PUVKVWEKQPGU
%QP/GPQT8QNWOGPFG+PHQTOCEKÎPC/KITCT
%QOKVÃ6ÃEPKEQ+PUVKVWEKQPCN
&KTGEEKÎPFG+PHQTO¶VKEC
2TQ[GEVQ#
5GTXKFQTGUFG%QOWPKECEKQPGU$CUG
FG&CVQU[#RNKECEKQPGU'UVTCVÃIKECU
2TQ[GEVQ$
'UVCEKQPGUFG6TCDCLQ[
2GTKHÃTKEQU
#FOKPKUVTCFQTFG5KUVGOCUFG
%QOWPKECEKQPGU#FOKPKUVTCFQT
FG$CUGFG&CVQU[#PCNKUVCU
#TGCFG5QRQTVG
2GTUQPCNFG
#RQ[Q
2GTUQPCNFG
#RQ[Q
2TQFWEVQU C QDVGPGT
x
x
%QPQEKOKGPVQCNKPVGTKQTFGNCKPUVKVWEKÎPFGN2TQ[GEVQFG/KITCEKÎPFG
NQU 5KUVGOCU FG +PHQTOCEKÎP C 5QHVYCTG .KDTG C PKXGN FG HWPEKQPCTKQU
RTQHGUKQPCNGU[GORNGCFQUGPIGPGTCN
'USWGOCQTICPK\CVKXQKPUVKVWEKQPCNRCTCNCKORNGOGPVCEKÉPFGUQHVYCTGNKDTG
SWG EQORTGPFG NCU HWPEKQPGU FGHKPKFCU [ RGTUQPCU SWG XCP C VGPGT NC
TGURQPUCDKNKFCFGPNCGLGEWEKÉPFGN2TQ[GEVQ
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
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5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
3
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UKUVGOCUFGKPHQTOCEKÎPSWGRQUGGNC
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GXCNWCT¶GNITCFQFGHCEVKDKNKFCFRCTC
NC OKITCEKÎP C UQHVYCTG NKDTG
8GTKHKE¶PFQUG NC JGTTCOKGPVC Q
CRNKECEKÎP
GSWKXCNGPVG
GP
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EQPHKCDKNKFCF KPHQTOCEKÎP VÃEPKEC
FKURQPKDNG[UQRQTVGSWGQHTGEGPNCU
FKUVTKDWEKQPGU O¶U EQPQEKFCU [
TGEQOGPFCFCU
.QU UKUVGOCU FG KPHQTOCEKÎP [ EQORQPGPVGU KPXQNWETCFQU GP GN RNCP FG
OKITCEKÎPUQP
*CTFYCTG GUVQ GU NCU EQORWVCFQTC UW CTSWKVGEVWTC [ VKRQ FG
OKETQRTQEGUCFQT
5KUVGOCU 1RGTCVKXQU EQOQ 9KPFQYU 06:2 &15 /#% 15
5QNCTKU
70 :
5KUVGOCU RCTC UGTXKFQTGU FG EQOWPKECEKQPGU EQOQ 9GD %QTTGQ &05
2TQZ[4GF
9KPFQYU060QXGNN70 :
.GPIWCLGUFGRTQITCOCEKÎP EQOQ(QZRTQ8KUWCNDCUKE%NKRGT%GVE
5KUVGOCUFGIGUVKÎPFGDCUGFGFCVQU1TCENG5[DCUG+PHQTOKZ53.GVE
5QHVYCTGFGQHKEKPCW1HKO¶VKEC EQOQ/51HHKEG%QTGN1HHKEG
7VKNKVCTKQU[UKUVGOCUFGIGUVKÎP
5KUVGOCU FG KPHQTOCEKÎP RTQRKQU FG NC +PUVKVWEKÎP EQOQ NQU 5KUVGOCU
KPVGITCFQUFG)GUVKÎP#FOKPKUVTCVKXC5KUVGOCU%QPVCDNGUGPVTGQVTQU
+PXGPVCTKQFG'SWKRQU[5QHVYCTG
'PVQFCUNCU¶TGCU[FQPFGUGFKURQPICFGGSWKRQU[UQHVYCTGUGNNGXCT¶C
ECDQWPKPXGPVCTKQIGPGTCNFGNQUTGEWTUQUKPHQTO¶VKEQUFGNCKPUVKVWEKÎP'N
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
KPXGPVCTKQ RGTOKVKT¶ EQPQEGT [Q XGTKHKECT EQP GZCEVKVWF NQU FKHGTGPVGU
UKUVGOCU FG KPHQTOCEKÎP Q CRNKECVKXQU VKRQU FG QTFGPCFQTGU GSWKRQU
RGTKHÃTKEQU [ FKURQUKVKXQU FG EQPGEVKXKFCF EQP NQU SWG GUV¶ VTCDCLCPFQ NC
KPUVKVWEKÎP
#EVKXKFCFGURTGXKCU
'UVCDNGEGTWPETQPQITCOCFGCEVKXKFCFGURCTCNCTGCNK\CEKÎPFGN
+PXGPVCTKQ
'N ETQPQITCOC FG CEVKXKFCFGU FGDG KPENWKT NQU VKGORQU FG ECFC
CEVKXKFCFRTQITCO¶VKEC2CTCVCNRTQRÎUKVQUGRWGFGWVKNK\CTGN/5
2TQLGEVQ5WRGTRTQLGEV
&G GZKUVKT CNIWPQU RTQDNGOCU EQOQ UKUVGOCU RTQVGIKFQU EQP
EQPVTCUGÌCU RQT CNIWKGP SWG [C PQ GUV¶ GP NC +PUVKVWEKÎP GU
PGEGUCTKQ KPHQTOCT C 5QRQTVG 6ÃEPKEQ RCTC SWG UG QEWRG FGN
RTQDNGOC
'UVCDNGEGT HWPEKQPGU [ TGURQPUCDKNKFCFGU FG NQU GPECTICFQU FG
GHGEVWCTGNKPXGPVCTKQ
.CU RGTUQPCU SWG XCP C
KPVGTXGPKT GP GN KPXGPVCTKQ
FGDGP VGPGT NC FGUETKREKÎP FG
NCU CEVKXKFCFGU KPFKXKFWCNGU SWG
TGCNK\CT¶P CUÈ EQOQ FG NCU
HWPEKQPGU FG NQU PKXGNGU FG
UWRGTXKUKÎP[QCRQ[QVÃEPKEQC
NQU EWCNGU FGDGP TGEWTTKT RCTC
TGUQNXGT FWFCU Q KPVGTRTGVCT
UKVWCEKQPGUGZEGREKQPCNGU
0KXGNGUFG2CTVKEKRCEKÎP
'NPKXGNFGUWRGTXKUKÎP
CECTIQFGN¶TGCFG+PHQTO¶VKEC
x
x
x
x
#UGIWTCT SWG GN KPXGPVCTKQ UG TGCNKEG FGPVTQ FGN RNC\Q
GUVCDNGEKFQ
&KUVTKDWKT QRQTVWPCOGPVG CN RGTUQPCN QRGTCVKXQ NQU OCVGTKCNGU
PGEGUCTKQURCTCNCGLGEWEKÎPFGNKPXGPVCTKQ
5QNWEKQPCTNCUFWFCU[RTQDNGOCUSWGUGUWUEKVGP
#UGIWTCTSWGNCECNKFCFFGNCKPHQTOCEKÎPCUGTKPITGUCFCGPGN
UKUVGOCFGGPVTCFCFGFCVQUUGCÎRVKOC
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
'NPKXGN1RGTCVKXQ
CECTIQFGNRGTUQPCNFG5QRQTVG
x
x
&GXQNXGT NQU HQTOCVQU FGDKFCOGPVG NNGPCFQU [ GP HQTOC
QRQTVWPC
+PHQTOCTFGEWCNSWKGTRTQDNGOCRCTCUWUQNWEKÎPKPOGFKCVC
2CTC NQU ECUQU GP SWG GN KPXGPVCTKQ UG TGCNKEG RQT VGTEGTQU
QWVUQWTEKPIUGTGEQOKGPFCSWGUGCGN¶TGCFG+PHQTO¶VKECNCSWG
UWRGTXKUGGNKPXGPVCTKQ
1DVGPGT NQU TGEWTUQU JWOCPQU [ RCTVKFC RTGUWRWGUVCN RCTC NC
TGCNK\CEKÎPFGNKPXGPVCTKQ
.QUCURGEVQUGEQPÎOKEQU[RGTUQPCNGURGEKCNK\CFQXCTÈCPFGWPC
+PUVKVWEKÎP C QVTC FG CEWGTFQ C UW KPHTCGUVTWEVWTC [ UQRQTVG
VGEPQNÎIKEQRCTCNQEWCNUGFGDGFGVGTOKPCT
x
x
x
5KGNKPXGPVCTKQUGTGCNK\CT¶EQPRGTUQPCNRTQRKQ
5KUGEQPVTCVCT¶RGTUQPCNGURGEKCNK\CFQRCTCGUVGHKP
5KUGTGSWGTKT¶NQUUGTXKEKQUFGVGTEGTQU
'P NCU FQU ÕNVKOCU QREKQPGU UG FGDG RTGUWRWGUVCT WP OQPVQ
FGVGTOKPCFQ [ GUVCDNGEGT GN CNECPEG NQU TGUWNVCFQU Q RTQFWEVQU
SWGUGGURGTCPQDVGPGT[GNVKGORQGPGNSWGFGDGUGTTGCNK\CFQ
&GHKPKTUKGN2TQEGUQUGJCEGGPHQTOCOCPWCNQCWVQO¶VKEC
.QUKPXGPVCTKQUUGRWGFGPGHGEVWCTGPHQTOCOCPWCNQCWVQO¶VKEC
OGFKCPVGGNWUQ FGJGTTCOKGPVCUFGUCTTQNNCFCURCTCVCNRTQRÎUKVQ
SWG RGTOKVC NC ECRVWTC FG FCVQU GN RTQEGUCOKGPVQ FG NC
KPHQTOCEKÎP [ NC GOKUKÎP FG TGUWNVCFQU 'ZKUVGP XCTKQU VKRQU FG
JGTTCOKGPVCU FG FKHGTGPVG PKXGN GP HWPEKÎP CN VCOCÌQ FG NC
KPUVKVWEKÎP [ UW PKXGN FG CWVQOCVK\CEKÎP [ VKRQ FG RNCVCHQTOC
VGEPQNÎIKEC RCTC XKCDKNK\CT GN VKGORQ [ RTQEGUQ FG KPXGPVCTKQ GU
KORQTVCPVGSWGUGEWGPVGEQPGUVCUJGTTCOKGPVCU
&GUCTTQNNCT WP UKUVGOC KPHQTO¶VKEQ SWG
RGTOKVCKPITGUCTNQUFCVQUCRCTVKTFGNQU
HQTOCVQUFGNKPXGPVCTKQ[GOKVKTTGRQTVGU
FGDCUGUFGFCVQU
.CKPHQTOCEKÎPQDVGPKFCGPGNRTQEGUQFG
KPXGPVCTKQ PGEGUKVC UGT RTQEGUCFC
ENCUKHKECFC [CEWOWNCFC FGCEWGTFQCNQU
TGSWGTKOKGPVQU
FG
EQPUWNVC
[Q
CNOCEGPCOKGPVQ
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
2CTC NQITCT GUVG RTQRÎUKVQ UG FGDGP FKUGÌCT NQU 4GRQTVGU FG
&GVCNNG[4GUWOGPSWGUGXCCQDVGPGT
%QPGNFKUGÌQFGNQU4GRQTVGUNCDCUGFG&CVQU[NQUHQTOWNCTKQU
FG+PXGPVCTKQFGHKPKFQUUGGNCDQTCT¶WPUKUVGOCKPHQTO¶VKEQRCTC
UW RTQEGUCOKGPVQ GN EWCN FGDGT¶ GUVCT EQPENWKFQ CPVGU FG
GORG\CTGNKPXGPVCTKQRTQRKCOGPVGFKEJQ
'LGEWEKÎPFGN+PXGPVCTKQ
2CTCNCGLGEWEKÎPFGN+PXGPVCTKQUGFGDGEQPUKFGTCT
x
'NFKUGÌQ[WUQFGHQTOCVQURCTCNCVQOCFG+PXGPVCTKQ
x
4GCNK\CEKÎPFGN+PXGPVCTKQ
x
x
x
&GHKPKEKÎP[ECRCEKVCEKÎPFGNNNGPCFQFGNQUHQTOCVQUCWVKNK\CT
%QPUKUVGPEKC[XGTKHKECEKÎPFGN+PXGPVCTKQ
'OKUKÎPFGTGRQTVGUGKPHQTOGUFGTGUWNVCFQU
C 'NFKUGÌQ[WUQFGHQTOCVQURCTCNCVQOCFG+PXGPVCTKQ
.QUHQTOCVQUCWVKNK\CTXCPCFGRGPFGTFGNQUTGEWTUQUKPHQTO¶VKEQU
EQPNQUSWGEWGPVCNCKPUVKVWEKÎP
(QTOCVQUCGORNGCTUG
x
x
+PXGPVCTKQ FG QTFGPCFQTGU
UGTXKFQTGU GUVCEKQPGU FG
VTCDCLQ
GN
NQU
OKETQRTQEGUCFQTGUGSWKRQU
RGTKHÃTKEQU FKURQUKVKXQU FG
TGF VCTLGVCU FG TGF
'VJGTPGV (CUV 'VJGTPGV
#6/ .QU FCVQU O¶U
KORQTVCPVGU C EQPUKFGTCTUG
GUNCOCTEC[OQFGNQFGNQU
GSWKRQU[FKURQUKVKXQUOGPEKQPCFQUCHKPFGQDVGPGTGNITCFQFG
EQORCVKDKNKFCF FG NQU FTKXGTU EQP GN UKUVGOC QRGTCVKXQ .KPWZ C
KPEQTRQTCTUG
5QHVYCTG DCUG +PUVCNCFQ GP NQU UGTXKFQTGU [ GUVCEKQPGU FG
VTCDCLQ FG NC +PUVKVWEKÎP 'N QDLGVKXQ GU XGTKHKECT [ RTQDCT NQU
+PUVKVWVQ0CEKQPCNFG'UVCFÈUVKECG+PHQTO¶VKEC
)WÈCRCTCNC/KITCEKÎPFG
5QHVYCTG.KDTGGPNCU'PVKFCFGU2ÕDNKECU
x
x
x
x
UQHVYCTG DCUG KPUVCNCFQU GP NQU GSWKRQU FG EÎORWVQ RCTC
OKITCTNQUCNUQHVYCTGGSWKXCNGPVG[EQORCVKDNGFG)07.KPWZ
'SWKRQU GORQVTCFQU SWG WVKNK\CP OKETQRTQEGUCFQTGU RCTC UW
HWPEKQPCOKGPVQ
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