ÿþ !",! !# @ ( 2 . "# '! -"+) . 1 . /!",. ?@>H;K9 @07 <K A 20<8 0=0;878@>20;8 A0<>5 ?5@2>5 C?><8=0- =85 >1 0?>AB>;LA:>< 1>3>A;C65=88 ( 1 >@. X , 1 6 - 1 7 8X I , 2 0 - 3 4 ) , >B=>AOI55AO : 5 5 3. , B. 5. : A5@548=5 I 25:0. K 2KOA=8;8, GB> 0?>AB>;LA:>5 1>3>A;C65=85 1K;> B>G=K< 2>A?@>872545=85< "09=>9 25- G5@8, :>B>@0O 2 A2>N >G5@54L 35=5B8G5A:8 A2O70=0 A @8BC0;L=>9 8C- 459A:>9 B@0?57>9. 065 =07K20;>AL MB> " E;51>?@5;><;5=85<" 8;8 " 030?>9" ( 1C:20;L=> " 25G5@59 ;N128" ) . B0:8< >1@07><, A>1AB25=- => 2E0@8AB8O 1K;0 2:;NG5=0 2 >1ICN B@0?57C. > E>4C 5Q A>25@H0- ;>AL 1;03>A;>25=85 8 ?@5;><;5=85 52E0@8AB8G5A:>3> E;510, 0 70B5< ?CA:0;8 2:@C3>2CN G0HC A 52E0@8AB8G5A:8< 28=><. 0:0O- ;81> >1@O- 4>20O >1AB0=>2:0 8 ;8BC@38G5A:89 G8=, 5AB5AB25==>, >BACBAB2>20;8. 5 1K;> 4065 ?@5AB>;0 ( 65@B25==8:0) 8 CG0AB=8:8 2>7;560;8 ( ! ) 2>:@C3 >1KG=>3> AB>;0, :0: MB> 87>1@0605B D@5A:0 = @5;><;5=85 E;510= 87 @8<A:8E :0B0:><1 A2. @8A:8;;K ( @C156 I 8 I I 22. ) . @>B. >@A:89 B0: >?8AK205B 5Q: ! " 0 ?>;C:@C3;K< AB>;>< 2>7;560B H5ABL CG0AB=8:>2 25G5@8, 0 ! ?> ?@02CN AB>@>=C AB>;0 ?><5I05BAO 1>@>40BK9 <C6G8=0, ?@5;><;ON- ! I89 E;51. # 53> =>3 AB>8B G0H0 8 420 1;N40: >4=> - A 42C<O @K10- ! <8, 4@C3>5 65 - A ?OBLN E;510<8. " ( >@A:89 = @52=5- E@8AB80=A:0O ?@0:B8:0 ?@8G0I5=8O A2. "09== !5@3. >A04. 1 9 1 4 , A. - 7 ) . ". >. 2AO 030?0 ?@>E>48;0 2 >1KG=>< B@8:;8=88. 5@CNI85 ?>;CG0;8 E;51 87 @C: ?@54AB>OB5;O ?@O<> 2 A2>8 @C:8, 0 ?>B>< ?>>G5@548 >B?820;8 87 G0H8. . 2 . ,. 7- 70 MB>9 =5@0728B>AB8 >1@O40, >A=>2=>5 <5AB> 2 1>3>A;C65- =88 70=8<0;0 ?@>?>254L ( :0: A59G0A C ?@>B5AB0=B>2) . ?>AB>;C 0- :>2C 4065 ?@8E>48;>AL 1>@>BLAO A> A;>2>>E>B;82K<8 ?@>?>254=8:0<8 ( 0:. 3;. I I I ) . MB>9 A2O78 C<5AB=> 2A?><=8BL 8 4@C3>9 M?87>4, >B=>AOI89AO : 5 8 3. >72@0I0OAL 87 A2>53> I I I ?CB5H5AB28O, 0?>A- B>; 025; >AB0=02;8205BAO 2 "@>045. CB52>9 6C@=0; <8AA88 B0: @0AA:07K205B >1 MB><: ! " ?5@2K9 65 45=L =545;8, :>340 CG5=8:8 A>1@0;8AL 4;O ?@5- ! ;><;5=8O E;510, 025;. . . . 15A54>20; A =8<8 8 ?@>4>;60; A;>2> 4> ! ?>;C=>G8. 3>@=8F5 345 <K A>1@0;8AL 1K;> 4>2>;L=> A25B8;L=8:>2. ! > 2@5<O ?@>4>;68B5;L=>9 15A54K 02;>2>9, >48= N=>H0, 8<5=5< ! 2B8E, A8452H89 =0 >:=5, ?>3@C78;AO 2 3;C1>:89 A>=, 8 ?>H0B=C2- ! H8AL A>==K9 C?0; 2=87 A B@5BL53> MB060. . . 025;, A>H54, ?0; =0 ! =53> 8, >1=O2, A:070;: =5 B@52>6LB5AL; 81> 4CH0 53> 2 =5<. 7>- ! H54 65 8 ?@5;><82 E;51 8 2:CA82, 15A54>20; 4>2>;L=>, 4065 4> @0A- ! A25B0, 8 ?>B>< 2KH5;" ( 5O=. X X , 7 - 1 1 ) . 7 MB>9, 2848<>, 4=52=8:>2>9 70?8A8 <K C7=0Q< 4>2>;L=> <=>- 3> ?>4@>1=>AB59: 1 . >3>A;C65=85 ?@>8AE>48B =>GLN. 2 . - ! " ?5@2K9 65 45=L =545;8" , B. 5. 2 =>GL =0 2>A:@5A5=L5. 3 . - ! " 3>@=8F5" , @0A?>;>65==>9 =0 B@5BL5< MB065 8 >A2OIQ==>9 <=>38<8 ! " A25B8;L=8:0<8" . =0 =5 >G5=L 25;8:0, B. :. A;CH0B5;O< B5A=>, 8 >48= N=>H0 4065 A848B =0 ?>4>:>==8:5. "0:85 25@E=85 3>@=8FK 2 3@5G5A:8E 4><0E >1KG=> A;C68;8 AB>- ;>2K<8. 4 . ! " @5;><;5=85 E;510" ( :>=5G=>, A <>;8B20<8, :>B>@K5 =5 C?><O=CBK) A>AB02;O5B ;8HL =51>;LH>9 M?87>4 2 <=>3>G0A>2>9 ! " 15A5- ! 45" , ?@8GQ< @5GL H;0 > 2>?@>A0E =0AB>;L:> A;>6=KE, GB> :0:>9- B> =5;N1>?KB=K9 N=>H0 70A=C; 8 C?0;. 07C<55BAO C6 <K 1K =5 70A=C;8, 0 >B40;8 1K ?>; 687=8, GB>- 1K ?>A;CH0BL 02;0. GQ< >= <>3 3>2>@8BL? 1 #G8B5;5, :>B>@>3> =8:>340 =5 2845;? 1 3> CG5=88? "0: >1KG=> 8 4C<0NB, 701K20O > B><, GB> 025; 745AL =5 0?>A- B>;LAB2C5B, 0 ;8BC@38A05B 2 C65 AD>@<8@>20==>9 >1I8=5. 0 8 :>3- 40 >= 0?>AB>;LAB2C5B, 025; =8345 =5 3>2>@8B: ! " K ?@>?>254C5< ! CG5=85 %@8AB0" . 5B! = 3>2>@8B: ! " K ?@>?>254C5< [ A0<>3>] %@8AB0 ! 0A?OB>3>, 4;O C4552 A>1;07=, 0 4;O M;;8=>2 57C<85" ( 1 >@. I , 2 3 ) . MB>< :0@48=0;L=>5 >B;8G85 E@8AB80=AB20 >B 2A5E 4@C38E CG5- =89, =0?@8<5@ >B 1C4487<0. C440 A?0A05B >B =57=0=8O 8 A?0A05B A2>8< CG5=85<. %@8AB>A A?0A05B >B A<5@B8 8 A?0A05B !2>8< :@5AB><. 'C2AB2C5B5 @07=8FC? "0: GB> 025; 3>2>@8;, :>=5G=> =5 >1 CG5=88, 0 >1 8A:C?8B5;L=>< :@5AB=>< ?>42835, ?@>4>;65=85< :>B>@>3> O2- ;O5BAO 2E0@8AB8O. 54L B>;L:> G5@57 2E0@8AB8N <K ?@8>1I05<AO : A:C?8B5;N 8 3> ?>1540 =04 3@5E>< 8 A<5@BLN AB0=>28BAO =0H59. 2E0@8AB8G5A:85 15A54K 0?. 02;0 - MB> A>25@H5==> >A>1>5 ;8- BC@38G5A:>5 1>3>A;>285. >AB0B>G=> =0?><=8BL 53> 7=0<5=8BCN 4>:- A>;>38G5A:CN D>@<C;C, :>B>@0O 2>H;0 2> 2A5 ?>A;54CNI85 ;8BC@388: ! " ;03>40BL >A?>40 =0H53> 8ACA0 %@8AB0, ;N1>2L >30 8 BF0 8 ! ?@8G0AB85 A2OB>3> CE0. . . " ( 2 >@. X I I I , 1 3 ) . ( 254L MB> A:070- => 70 B@8 25:0 4> D>@<8@>20=8O B8@8=8B0@=>3> 4>3<0B0! ) . @8254Q==K9 2KH5 M?87>4 A 02;>< ?>CG8B5;L=> A@02=8BL A >B- @K2:>< 0:. I I , 2 - 5 , :>B>@K9, 3>2>@O > E@8AB80=A:>< 1>3>A;C65=88 85@CA0;8<A:>9 &5@:28 @8AC5B B8?8G=CN :0@B8=C A8=03>38 - CAB02;5=- =>9 A:0<LO<8, A :@5A;0<8 2?5@548 4;O ?>GQB=KE ?>A5B8B5;59 8 A @0A?@545;5=85< <>;OI8EAO ?> 4>AB0B:C. ?. 0:>2 4065 =0G8=05B A2>Q ?>CG5=85 A;>20<8: ! " A;8 2 A>1@0=85. . . " ( 1C:20;L=> A8=03>3C, A;02O=A:>5 " A>=<8I5" ) . > 0?. 025; 2 A2>59 ?@>?>2548 A@548 O7KG- =8:>2 >B>@202H89AO >B A8=>3>30;L=KE AB5@5>B8?>2 C65 8<5=C5B A2>8 A>1@0=8O M::;5A8O ( B. 5. " &5@:>2L" ) . <5==> A 0?>AB>;0 02;0 =0G8- =05B @072820BLAO A>1AB25==> E@8AB80=A:>5 1>3>A;C65=85 I 25:0! >A<>B@8<, =5;L7O ;8 =09B8 C =53> 5IQ :0:8E- =81C4L F5==KE ?>4@>1=>AB59. . 3 . '"/. @5645 2A53> 8<5==> A 02;0 84QB B@048F8O GB5=8O 2 &5@:28 0?>AB>;LA:8E ?>A;0=89 ( 4> MB>3>, >G5284=>, G8B0;8 B>;L:> ?@>@>- G5AB20) . 025; C65 2 ?5@2>< A2>Q< ?8AL<5 : $5AA0;>=8:89F0< ( 5 1 3. ) ?@>A8B: ! " 0:;8=0N 20A >A?>4>< ?@>G8B0BL A85 ?>A;0=85 2A5< ! A2OBK< 1@0BLO<" ( 1 $5A. V , 2 7 ) . >;>AO=0<: ! " >340 MB> ?>A;0=85 ! ?@>G8B0=> 1C45B C 20A, B> = @0A?>@O48B5AL, GB>1K >=> 1K;> ?@>G8B0- ! => 8 2 0>48:89A:>9 F5@:28; 0 B>, :>B>@>5 87 0>48:88, ?@>G8B09- ! B5 8 2K. " ( >;. I V , 1 6 ) . . 4 . $/. 0;55 025; >B<5G05B, GB> 2 53> &5@:20E C65 @0728205BAO :0- :0O- B> 38<=>3@0D8O: ! " . . . ! =0CG09B5 8 2@07C<;O9B5 4@C3 4@C30 ?A0;<0<8, A;02>A;>- ! 285< 8 4CE>2=K<8 ?5AL=O<8; 2> 1;03>40B8 2>A?520O 2 A5@4F0E 20H8E ! >A?>4C" - ?8H5B >= ( >;. I I I , 1 6 ) - ! " 07840O A0<8E A51O ?A0;<0- ! <8 8 A;02>A;>285< 8 ?5A=>?5=8O<8 4CE>2=K<8" ( -D. V , 1 9 ) . >=OB=>, GB> ?5;8 ?A0;<K ?> 8C459A:><C >1KG0N. 20=35;88 >B 0BD5O A:070=>, GB> A@07C ?>A;5 "09=>9 25G5@8 0?>AB>;K ( 0 <>- 65B 1KBL 8 !0< %@8AB>A! ) ! " 2>A?52H8 ?>H;8 =0 3>@C ;5>=A:CN" ( D. X X V , 3 0 ) . 025; ?8H5B :>@8=DO=0<: ! " >340 2K AE>48B5AL, C :064>3> ! 87 20A 5ABL ?A0;>< . . . " ( 1 >@. X I V , 2 6 ) . > GB> B0:>5 - " A;02>A;>285" 8 " 4CE>2=K5 ?5A=8" ? !2>5<C CG5=8:C "8<>D5N, ?>AB02;5==><C 2> 3;025 -D5AA:>9 &5@- :28, 025; ?8H5B: ! " B0:, ?@5645 2A53> ?@>HC A>25@H0BL <>;8B2K, ! ?@>H5=8O, <>;5=8O, 1;03>40@5=8O 70 2A5E G5;>25:>2. . . " ( 1 "8<. I I , 1 ) . 5@>OB=>, MB> 8 5ABL " A;02>A;>28O" 2 H8@>:>< A<KA;5. ( @8 MB>< O =5 8A:;NG0N 8 A;02>A;>28O 2 C7:>- A?5F80;L=>< A<KA;5, B. 5. 0=35;LA:>3> 38<=0: ! " !;020 2 2KH=8E >3C. . . " , E>BO ?@540=85 >B=>- A8B 53> : =0G0;C I I 25:0) . 5B A><=5=8O, GB> C65 0?>AB>;K G8B0;8 <>;8B2C " BG5 =0H" . 5A;8 <K CGBQ<, GB> C ?5@2>E@8AB80=A:8E ?8A0B5;59 " E;51 =0H =0ACI- =K9" - MB> E;51 52E0@8AB8G5A:89, B> <>6=> ?@54?>;>68BL, GB> <>- ;8B20 >A?>4=O G8B0;0AL 2> 2@5<O E;51>?@5;><;5=8O. @C385 ! " <>;8B- ! 2K" 1K;8, >G5284=>, A?>=B0==K<8, 81> A:070=>, GB> >=8 @>640;8AL ! " 2 A5@4F0E. . . >A?>4C" . C458 G8B0;8 A2>8 <>;8B2K >A>1K< >1@07><, A;53:0 =0@0A?52 ( B. =. ;030) - >G5284=>, MB>B >1KG09 ?5@5HQ; 8 : 0?>AB>;LA:8< >1I8=0<. > A0<>5 8=B5@5A=>5, GB> ?><8<> ?A0;<>2 8 <>;8B2 025; 3>2>- @8B > ! " 4CE>2=KE ?5A=OE" B. 5. C65 A>1AB25==> 38<=0E >2>7025B=>9 &5@:28. A0<>5 70<5G0B5;L=>5, GB> <K 7=05< MB8 38<=K, ?>B><C GB> 38<=K ?5@2>E@8AB80=A:8E >1I8= 2>H;8 2 20=35;8O ( 8 D@03<5=BK 8E - 2 ?>:0;8?A8A) . "0: 520=35;8AB C:0, CG5=8: 02;0, ?><5I05B 2 =0- G0;5 A2>53> 20=35;8O B. =. " 5A=L >3>@>48FK" ( :. I , 4 5 - 5 5 ) 8 " 5A=L 0E0@88% ( :. I , 6 8 - 7 9 ) . ?> @07<5@C 8 ?> >1@07=>AB8 MB> 8<5==> ?5A=8: C !, &+ ! " 5;8G8B 4CH0 <>O >A?>40, 8 2>7@04>20;AO 4CE <>9 > >35 !?0A5 >5< . . . " K4> A8E ?>@ ?>Q< MB>B 38<= ?5@54 9 - 9 ?5A=LN :0=>=0 #B@5=8. ( > : :064><C AB8EC ?@8102;O5< 25;8G0=85: ! " '5AB=59HCN %5@C28< 8 ! A;02=59HCN 157 A@02=5=LO !5@0D8<. . . " 1;03>40@O G5<C 5A=L >3>@>- 48FK =07K205BAO C =0H5< #AB025 " '5AB=59HCN" ) . C !, % ! " ;03>A;>25= >A?>4L >3 7@08;52, GB> ?>A5B8; =0@>4 A2>9 8 A>B2>@8; 87102;5=85 5<C 8 2>74283 @>3 A?0A5=8O =0< 2 4><C 02840, B@>:0 !2>53> . . . " -BC ?5A=L <K =5 8A?>;L7C5<, 0 :0B>;8:8 ?>NB 5Q C A51O =0 #B@5=8. "5?5@L <K 7=05<, GB> ! " @>3 A?0A5=8O" MB> 0?>D0B8G5A:>5 C:070=85 =0 %@8AB0- 3=F0. ;O 8C45>- E@8AB80=A:>9 38<=>3@0D88 >G5=L E0@0:B5@=0 MB0 5BE>7025B=0O >1@07=>ABL, 84CI0O >B ?A0;<>2 0284>2KE, =08<5=>20=85 7@08;O, 02840 8 8ACA0 ! " B@>:0<8" >- 688<8, =0@>G8B>5 A1;865=85 8E ( GB> <K C2848< 2 " 840E8" - ?>A- ;54=5< ?0<OB=8:5 8C45>- E@8AB80=A:>9 M?>E8) . 2>B D@03<5=BK 0?>AB>;LA:>9 38<=>3@0D88 87 ?>:0;8?A8A0: ! " ?>NB ?5A=L >8A5O, @010 >68O, 8 ?5A=L 3=F0, 3>2>@O: ! 5;8:8 8 GC4=K 45;0 "2>8, >A?>48 >65 A545@68B5;L! ! &0@L A2OBKE! ! B> =5 C1>8BAO "51O, >A?>48, 8 =5 ?@>A;028B 8<5=8 "2>53>? 1> "K 548= A2OB. A5 =0@>4K ?@84CB 8 ?>:;>=OBAO ?@54 ">1>N, 81> >B:@K;8AL AC4K "2>8. " ( B:@. X V , 3 - 4 ) ! ;;8;C8O! ! !?0A5=85 8 A;020, 8 G5ABL 8 A8;0 >A?>4C =0H5<C, 81> 8AB8==K 8 ?@0254=K AC4K 3>! ! <8=L! ;;8;C8O! ! %20;8B5 >30 =0H53>, A5 @01K 3> 8 1>OI85AO 3>, <0;K5 8 25;8:85. ! ;;8;C8O! ! 1> 2>F0@8;AO >A?>4L >3 A545@68B5;L. >7@04C5<AO 8 2>725A5;8<AO 8 2>74048< <C A;02C; 81> =0ABC?8; 1@0: 3=F0, 8 65=0 3> ?@83>B>28;0 A51O. 40=> 1K;> 59 >1;5GLAO 2 28AA>= G8ABK9 8 A25B;K9; 28AA>= 65 5ABL ?@0254=>ABL A2OBKE. ;065==K 720==K5 =0 1@0G=CN 25G5@N 3=F0! ( B:@. X I X , 1 - 9 ) . -B0 ! " 5=0 3=F0" - :>=5G=>, &5@:>2L. MB> 2?>;=5 <>3;8 ?5BL =0 ?5@2>E@8AB80=A:>9 25G5@5. -B8 38<=K 8 A59G0A 70AB02;ONB =0H8 A5@4F0 70<8@0BL 2 :0:><- B> A2OI5==>< B@5?5B5, ?>B><C GB> <K >IC- I05< 2 MB>< @07>@20==>< 24>E=>25==>< A8=B0:A8A5 M:AB0B8G5A:CN 4C- E>=>A=>ABL ?5@2>E@8AB80=A:>9 030?K. > :><C- B> 87 20A ( >A>15==> B5<, :B> 2845; 1>3>A;C65=8O 8;;8 6> >335@B8 8 ?@>G8E) >=8 <>3CB ?>:070BLAO G5@57- GC@ " ?@>- B5AB0=A:8<8" . 5;> 2 B><, GB> ?@>B5AB0=B87< 8 1K; ?>?KB:>9 2>7- 2@0B0 : ?5@2>E@8AB80=A:>9 M:AB0B8G=>AB8. > B0: :0: CE 1K; C65 CB@0G5= 8 70<5=Q= ?A8E>;>38G5A:>9 2728=G5==>ABLN , B> 2K;8;>AL 2AQ MB> 2 :>;>AA0;L=>5 >?>H;5=85 ?5@2>E@8AB80=AB20. -B>, :>=5G=>, C65 =5 ?5@2>E@8AB80=AB2>, 0 " 0<5@8:0=AB2>" . 2>B 2 35@<0=A:>9 ;NB5@0=A:>9 >1I8=5 " G n a d e n t h a l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b ?>AB>;K, => 3;02=0O DC=:F8O 8E A;C65=8O - >A=>20=85 &5@:259. @><5 B>3> ?>A;5 3>=5=8O 5@>=0 ( + 6 7 ) 1>;LH8=AB2> 87 =8E ?>381;>. AB0;8AL: 2 ) . b @>@>:8, B. 5. " 3>2>@OI85 2 CE5" , 8<5NI85 >A>1K9 40@ >B- :@>25=8O. ( " 840E8" ?@O<> ?8H5B: ! " @>@>:8 ACBL 20H8 0@E85@58" ) . 3 ) . b #G8B5;8, B. 5. 8<5NI85 E0@87<C 1;03>40B=>3> CG8B5;LAB20 ( A@. A ?>A;54CNI8<8 = AB0@F0<8= ) . IQ @835= AB028B 8E =0@02=5 A ?@5A28B5@0<8. 2?>;=5 25@>OB=>, GB> ?@5A28B5@K, :0: B0:>2K5 ?@>87>H;8 8<5==> >B CG8B5;59. =8 8<5;8 40@ A;>20, >=8 CG8B5;LAB2>20;8 2> 2@5<O A8=0:A8A0 ( 8BC@388 >3;0H5==KE) 8 2?>;=5 ;>38G=>, GB> >=8 65 2>73;02;O;8 =0@>4 >689 ?@8=>AOI89 1;03>40@5=85. 1> 2 ?>AB>;LA:89 25: 1;0- 3>40@5=85 ?@8=>A8; B 25AL 0@>4 >689, :0: 8<5NI89 A2OI5==8G5A:>5 4>AB>8=AB2>. @5;><;O; 65 E;51 8 ?>4020; G0HC AB0@59H89 - ?@5A28- B5@. B0:, <K <>65< 2>>BG8N ?@54AB028BL A515 B5?5@L 2E0@8AB8G5A- :>5 A>1@0=85 :>=F0 I 25:0: 30?0 C65 7025@H8;0AL. 5@25=AB2C5B AB0@59H89 ?@5A28B5@, :>B>@K9 A848B =0 B@>==>< 2>72KH5=88 ( 8 A =53> 65 CG8B5;LAB2C5B) . !?@020 8 A;520 >B =53> - " A540;8I0" , B. 5. <5AB0 A>A;C60I8E ?@5A28B5@>2, :>B>@K5 @0A?>;>- 30NBAO ?>;C:@C3><. 5@54 =8< C65 >D>@<82H89AO " 5@B25==K9 ?@5A- B>;" 8 A5<8A25G=8:: ! " A5<L A25B8;L=8:>2 >3=5==KE 3>@5;8 ?5@54 ?@5AB>;><, :>B>- ! @K5 ACBL A5<L 4CE>2 >688E" ( C:070=85 =0 B@5BLN 8?>AB0AL A2. "@>8FK 8 A5<L 40@>2 CE0. !@. A. X I , 2 ) . ! " ?5@54 ?@5AB>;>< <>@5 AB5:;O==>5, ?>4>1=>5 :@8AB0;;C. . . " - B0: ?@5>1@078;0AL 2 =515A0E =515A 5BE>7025B=0O ?> ?@>8AE>645=8N C<K20;L=8F0 4;O A2OI5==8:>2 ( 8 A59G0A 5IQ ?@02>A;02=K9 0@E85@59 8 :0B>;8G5A:89 A2OI5==8: C<K20NB @C:8 ?5@54 2E0@8AB8G5A:8< A;C65- =85<) . 0;55 >?8A0=K 0=35;LA:85 682>B=K5 2 2845 H5AB8:@K;KE A5@0D8- <>2 ! " 8A?>;=5==KE >G59" , :>B>@K5 O2;ONBAO B0:65 M<1;5<0<8 4 - E 520=35;8AB>2 ( "5;5F - C:8; 52 - 0@:0; @Q; - >0==0; '5;>25: - 0BD5O) . 682>B=K5 8 AB0@FK ! " >740NB 1;03>40@5=85" , B. 5. A>25@- H0NB 2E0@8AB8N. > A0<>5 70<5G0B5;L=>5, GB> >=8 ?@8 MB>< ?>NB: ! " !2OB, A2OB, A2OB >A?>4L >3 A545@68B5;L. . . " . >B 20< 8 1C4CI0O "@8A2OB0O ?5A=L 8;8 :0: 3>2>@OB :0B>;8:8 S a n c t u s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¤ I » K A "D ¤ ¤ B, K$ · % $ W. P Q C : \ M D E \ A L I M O V \ M L A . W D A * . F R M | 1 + U u )6 I N J! w 0 @