• Nie Znaleziono Wyników

View of THE POTENTIAL OF RIVERS AS THE ELEMENT OF THE BALANCED DEVELOPMENT – THE EXAMPLE OF BYDGOSZCZ CITY

N/A
N/A
Protected

Academic year: 2022

Share "View of THE POTENTIAL OF RIVERS AS THE ELEMENT OF THE BALANCED DEVELOPMENT – THE EXAMPLE OF BYDGOSZCZ CITY"

Copied!
15
0
0

Pełen tekst

(1)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 !"

!"#$% &"'(% )*+(,% !-.'/'0#1$#'*% 2*"*13.% 45678% 794:,% ;<=:4

#$% & ' ( $)( *)% & ' +),$& ,- . / ( 0( 1 )% % & ' +),$/ ,2( 3 45 6)% 7 ( 8% 9 :' 9 5 ); ( < )23 5 *3 =( 83 5 & $% 3 ( >5 4$/ ?@

A/&.'*/-6( /( <)9@).4( <&2/),3B,&2)=( C,/@&%':5&5( A/*)D3.3( 8)+&%,/*3( @( E)%4,/4=( 4BF( G@)@'*3( H=

I"JHKK( E)%4L=( &JM3/B7( *%)235*3N4M*F+B

O 1)+:%/265( P:( Q:$3@,/-5@)( C,/@&%':5&54( Q3%M/L'*)JA394%'*/&2)( @( RB'95:,/&=( RB'95:, SKHT

U > > V ( H T ! ! J K " ! W U > > V ( S ! X K J K " " H ( Y ) , B / , & Z 655+7[[@:$3@,/-5@)F4@MF&$4F+B

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'

!".3#4-3*/3$'5-3$'*6*!+,4-)(7*8479"5,&,4 8%9:'95);(<)235*3=(#2,/&'9*3(8&M+3=(A3-/&.(>4%M3-&@/-9

C,/@&%':5&5(A/*)D3.3(8)+&%,/*3(@(E)%4,/4

5:;<=>?><@A<B* 1&B&M( 3%5:*4D4( .&'5( 3,3B/93( +)5&,-.3D4( %9&*( /( .&2)( @:*)%9:'53,/3( @( *),J 5&*\-/&( +%)@3$9),&.( @( ]:$2)'9-9:( +)B/5:*/( M/&.'*/&.F( Q( P3$3,/4( +%9&3,3B/9)@3,)

@+D:@( %9&*( ,3( %)9@?.( ]:$2)'9-9:( )%39( M)^B/@)\-/( @:*)%9:'53,/3( +)5&,-.3D4( 5%3,'J +)%5)@&2)( /( '+)D&-9,)J2)'+)$3%-9&2)( @)$:F( Q( ]:$2)'9-9:( 9,3.$4.&( '/_( */B*3( -/&*?@=

MF/,F( Q/'D3=( ]%$3=( 83,3D( ]:$2)'*/( /( `B/'( a?D,)-,:( 0( /-6( $D42)\b( %39&M( @:,)'/( )*)D) HKK( */B)M&5%?@F( R$( +&@,&2)( -93'4( )P'&%@4.&( '/_( c+)@%?5( M/3'5( ,3$( @)$_d=( @( 5:M 53*^&( ]:$2)'9-9:F( eB35&2)( 5&^( %9&*/( @%39( 9( 5&%&,3M/( ,3$P%9&^,:M/( Y@35&%;%),5:Z( 'f -)%39( -9_\-/&.( )P._5&( $9/3D3,/3M/( %&@/53B/93-:.,:M/( M3.f-:M/( ,3( -&B4( ,3$3,/&( /M( ,)@:-6

;4,*-./( @( +%9&'5%9&,/( M/&.'*/&.F( >53.f( '/_( )P/&*5&M( 93/,5&%&')@3,/3( M/&'9*3L-?@=( 54%:J '5?@( /( /,@&'5)%?@F( Q( 9@/f9*4( 9( 5:M( )$,)@3( @35&%;%),5?@( '53D3( '/_( @3^,:M( &B&M&,J 5&M( +)B/5:*/( M/&.'*/&.( @+/'4.f-:M( '/_( @( /$&_( 9%?@,)@3^),&2)( %)9@).4=( +%9&M/3,:( %&J

@/53B/93-:.,&( -9:( ,3@&5( $9/3D3,/3( 9( 93*%&'4( 59@F( 'M3%5( -/5:F

5CDEFGHIJ?>DE<K( %9&*3=( M/3'5)=( 9%?@,)@3^),:( %)9@?.=( %&@/53B/93-.3=( 'M3%5( -/5:=( 54%:'5:*3

15#L!

a)-9f5*/( -:@/B/93-./( ,3B&^:( @( $4^:M( '5)+,/4( Df-9:b( 9( $)'5_+&M( $)( @)$:=( @( 5:M +%9&$&( @'9:'5*/M( 9( $)'5_+&M( $)( %9&*/=( *5?%:( P:D( .&$,:M( 9( *B4-9)@:-6( -9:,,/*?@( $&-:J

$4.f-:M()(B)*3B/93-./(/(%)9@).4(M/3'5(gh3^$^&@'*3(SKKX=(`%3,-/'(SKHSiF(Q%39(9(%)9@).&M '+)D&-9,)J2)'+)$3%-9:M(M/3'5(+&D,/),&(+%9&9(%9&*/(;4,*-.&(9M/&,/3D:('/_(/(&@)B4)@3D:F

1:@/B/93-.&( @/&B4( *%3.?@( )$( @/&*?@( %)9@/.3D:( '/_( ,3$( %9&*3M/=( -9&2)( +%9:*D3$&M( 'f MF/,F( A&9)+)53M/3=( 16/,:=( j2/+5F( kD?@,:M/( ;4,*-.3M/( %9&*( @( $3@,:-6( -93'3-6( P:D 5%3,'+)%5( )%39( ,3@3$,/3,/&F( <9&*3( '53,)@/D3( 53*^&( ,354%3B,f( +%9&'9*)$_=( $9/_*/( -9&M4 +&D,/D3( ;4,*-.&( )P%),,&( $&-:$4.f-&( )( P&9+/&-9&L'5@/&( /( *%&4.f-&( %)B_( )P%),,f( M/3'5=

(2)

G+,56,#"H**I":(#-(*4*4%F

!I

+)$,)'9f-( 5:M( '3M:M( /-6( %3,2_F( Q%39( 9( %)9@).&M( '+)D&-9,)J2)'+)$3%-9:M( %)B3( %9&*

9)'53D3( 9$&@3B4)@3,3( 0( @( )*%&'/&( /,$4'5%/3B/93-./( 5&%&,:( ,3$%9&-9,&( '53D:( '/_( 93+B&-9&M M/3'53=( 2$9/&( B)*)@3,&( P:D:( '*D3$:=( M3239:,:( /( /,;%3'5%4*54%3( 'D4^f-3( )P'D4$9&( %4-64

@)$,&2)F( a%9&M/3,:( 5&( 9@/f93,&( P:D:( 9( /,5&,':@,f( /,$4'5%/3B/93-.f( /( 4%P3,/93-.f( 93+)J -9f5*)@3,f( ,3( +%9&D)M/&( lUl( /( ll( @F( E:M( '3M:M( ,3'5_+)@3D( +%)-&'( $&@3'53-./( 5&%&J ,?@( )*)D)%9&-9,:-6=( 45%353( /-6( +%&'5/^)@&.( ;4,*-./=( 3( 53*^&( +)'5_+4.f-3( $&+%&-.3-.3( 5&%&J ,?@(,3$%9&-9,:-6(@(\@/3$)M)\-/(M/&'9*3L-?@(M/3'5F

#*543B,/&( )P'&%@4.&M:( %&,&'3,'( %9&*( @( M/3'53-6=( '@)/'5:( +)@%?5( ,3$( %9&*_( /( 9@%?J -&,/&('/_(c*4(@)$9/&d(@(@/_*'9)\-/()\%)$*?@(M/&.'*/-6(\@/353=(j4%)+:=(@(5:M(53*^&(a)BJ '*/(YMF/,F(a)9,3L=(Q3%'93@3=(Q%)-D3@ZF(m34@3^3M:(935&M(/,5&,':@,&($9/3D3,/3(%&@/53B/J 93-:.,&=( .3*)( &B&M&,5( +)B/5:*/( M/&.'*/&.=( *5?%&( $)5:-9f( -3D:-6( M/3'5( @( 5:M( 53*^&( @35&%J

;%),5?@F(a%9:@%3-3,/&(%9&*/(M/3'54(5)(@3^,:(&B&M&,5(%)9@).4(9%?@,)@3^),&2)('53@/3.fJ -&2)( ,3( 63%M),/_( 2)'+)$3%*/=( '+)D&-9&L'5@3( /( \%)$)@/'*3F( a%)-&'( 5&,( $3.&( 53*^&( M)^B/J

@)\b( 93'5)')@3,/3( @/&B4( %)9@/f93L( 9( 93*%&'4( 'M3%5( -/5:( g13%M),( /( >63M/%( SKHK=( >9@&$

SKHH=(13M+P&BB(SKHSiF

a),)@,&( @:*)%9:'53,/&( +)5&,-.3D4( %9&*=( @( 5:M( 53*^&( +)5&,-.3D4( 5%3,'+)%5)@&2)=( 5) )P&-,/&( 3*543B,:=( @3^,:=( 3B&( /( 5%4$,:( 5&M35( +)$&.M)@3,:( @( %3M3-6( +)B/5:*/( %)9@).4 M/3'5( @( a)B'-&F( A/3'53( $9/3D3.f( M4B5/$:'-:+B/,3%,/&=( 3P:( ,3( ,)@)( @:*)%9:'53b( %9&*/=( +)J

$&.M4.f-( MF/,F( $9/3D3,/3( %&@/53B/93-:.,&( +)B&23.f-&( ,3( @:+%)@3$93,/3( 9&( '53,4( *%:9:')J

@&2)( )P'93%?@( 9$&2%3$)@3,:-6F( a%3-&( 5&( +%)@3$9),&( 'f( @( '+)'?P( *)M+B&*')@:

+)+%9&9( 9/,5&2%)@3,&( $9/3D3,/3( ,3( %9&-9( B)*3B,&.( '+)D&-9,)\-/=( +%9&'5%9&,/( /( 2)'+)$3%*/=

*5?%&('f('*),-&,5%)@3,&(5&%:5)%/3B,/&(g3%5F(S(C'53@:(9(W(+3n$9/&%,/*3(SKHXo( e9FCF(SKHX +)9F(H"""iF(a)B/5:*3(M/&.'*3=()+%?-9($9/3D3L(+)B&23.f-:-6(,3(%&@/53B/93-./=(@(5:M(53*^&(,3 )$,)@/&( @35&%;%),5?@=( '53@/3( ,3( @$%3^3,/&( 93'3$( 9%?@,)@3^),&2)( %)9@).4( Y&*)%)9@)J . 4 Z F ( m % ? @ , ) @ 3 ^ ) , : ( % ) 9 @ ? . ( . & ' 5 ( 5 ) ( 5 3 * / ( % ) 9 @ ? . ( ' + ) D & - 9 , ) J 2 ) ' + ) $ 3 % - 9 :=

@( *5?%:M( ,3'5_+4.&( +%)-&'( /,5&2%)@3,/3( $9/3D3L( +)B/5:-9,:-6=( 2)'+)$3%-9:-6( /( '+)D&-9J ,:-6=( 9( 93-6)@3,/&M( %?@,)@32/( +%9:%)$,/-9&.( )%39( 5%@3D)\-/( +)$'53@)@:-6( +%)-&'?@

+%9:%)$,/-9:-6=( @( -&B4( 932@3%3,5)@3,/3( M)^B/@)\-/( 93'+)*3.3,/3( +)$'53@)@:-6( +)J 5%9&P( +)'9-9&2?B,:-6( '+)D&-9,)\-/( 93%?@,)( @'+?D-9&',:-6=( .3*( /( +%9:'9D:-6( +)*)B&LF g3%5F( p( C'53@:( 9( S"( *@/&5,/3( SKKHo* e9FCF( SKKH( ,%( TS( +)9F( TS"iF( h&'5( 5)( 935&M( %)9@?.=

@( *5?%:M( ,3'5_+4.&( 93'+)*).&,/&( +)5%9&P( M/&'9*3L-?@( M/3'53( 9@/f93,:-6( MF/,F( 9( @:+)J -9:,*/&M=(5%3,'+)%5&M=(3(53*^&(9(9(*4B54%f=(*%&3-.f(,)@&2)(M/&.'-3=(93-6)@3,/&M($9/&$9/-J 5@3( *4B54%)@&2)( YMF/,F( 3%-6/5&*5),/-9,&2)Z( 9( M3*':M3B,f( )-6%),f( +)$'53@)@:-6( @3%5)J

\-/( ':'5&M4( +%9:%)$,/-9&2)F( #P:( %&3B/9)@3b( 93D)^&,/3( &*)%)9@).4=( ,3'53@/),&2)( MF/,F( ,3 93'+)*).&,/&( +)5%9&P( +%9:'9D:-6( +)*)B&L=( ,3B&^:( '5)')@3b( ,)@)-9&',&( /( /,,)@3-:.,&

5&-6,)B)2/&=( -9:B/( 53*/&=( *5?%&( 'f( -63%3*5&%:'5:-9,&( $B3( /$&/( 'M3%5( -/5:F( Q( -/f24( )'535,/-6 B35( 53( /$&3( '53D3( '/_( .&$,:M( 9( *B4-9)@:-6( M&-63,/9M?@( $)( @$%3^3,/3( )+5:M3B,:-6( /( &;&*J 5:@,:-6( %)9@/f93L( @( 93%9f$93,/4( M/3'5&M=( @( 5:M( 53*^&( 5&%&,3M/( ,3$%9&-9,:M/( g>9:M3LJ '*3(SKHXiF(>M3%5(-/5:('*D3$3('/_=(9$3,/&M(1)6&,3(gSKHSi=(9(*/B*4(2D?@,:-6(@:M/3%?@7 0 /,5&B/2&,5,:-6(B4$9/=

0 /,5&B/2&,5,&.( 2)'+)$3%*/=

0 /,5&B/2&,5,&2)( \%)$)@/'*3=

0 /,5&B/2&,5,&2)(93%9f$93,/3=

0 /,5&B/2&,5,&.(M)P/B,)\-/F

(3)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 !W

Q:M/&,/),&( /$&&( 9,3.$4.f( 3*543B,/&( 93'5)')@3,/&( @( ]:$2)'9-9:=( *5?%3( )$( +)-9f5J

*?@( '@).&2)( /'5,/&,/3( P:D3( M)-,)( 9@/f93,3( 9( ]%$f( /( Q/'Df=( @9$D4^( *5?%:-6( +%9&P/&23D)

@/&B&( @3^,:-6( '9B3*?@( 63,$B)@:-6F( h4^( @( -93'3-6( '53%)+)B'*/-6( '+D3@/3,)( 5:M/( %9&*3J M/( $%&@,)=( 9P)^&=( @:%)P:( 23%,-3%'*/&( )%39( @/&B&( /,,:-6( %&2/),3B,:-6( /( 932%3,/-9,:-6 5)@3%?@F( a)( @:P4$)@3,/4( 83,3D4( ]:$2)'*/&2)( @( B353-6( H""p0H""!( ]:$2)'9-9( .&'9-9&

P3%$9/&.( 9:'*3D3( ,3( 9,3-9&,/4F( e9/_*/( 5&M4( +%9&9( M/3'5)( +%9&P/&23.f( $@3( M/_$9:,3%)$)J

@&( '9B3*/( @)$,&7( j!K( Y9( k$3L'*3( +%9&9( ]%9&\b( e,/&+%&M( $)( A)%93( 193%,&2)Z( /( j"K Y9( #,5@&%+//( +%9&9( ]&%B/,( $)( 8D3.+&$:ZF( R$( ( lUl( @F( ]%$_( 93-9_5)( @:*)%9:'5:@3b( $)( -&J B?@( %&*%&3-:.,:-6( 0( +)@'53@3D:( +3%*/( +%9:( %9&-&=( M/&.'-3( $)( 4+%3@/3,/3( '+)%5?@( @)$J ,:-6=( -9:B/( '9&%)*)( %)94M/3,&( +%9&'5%9&,/&( +4PB/-9,&F( m,3-9&,/&( %9&*/( 93-9_D)( '+3$3b

@%39( 9( %)9@).&M( *)B&/( /( $%?2( '3M)-6)$)@:-6F( h&$,3*( )$( B35( WKF( ll( @/&*4( 93-9_5)( +)J ,)@,/&( $)'5%9&23b( +)5&,-.3D( %9&*( /( /-6( %)B_( @( %)9@).4=( 3( 53*^&=( -)( /'5)5,&=( @( *'953D5)@3J ,/4( @/9&%4,*4( ]:$2)'9-9:=( *5?%&.( 6/'5)%/3( ,/&%)9&%@3B,/&( 9@/f93,3( .&'5( 9( @)$f( gqBf'*/

HWTW=(]3%5)@'*/(SKKXiF

1&B&M( 3%5:*4D4( .&'5( 3,3B/93( +)5&,-.3D4( %9&*( @( *),5&*\-/&( +%)@3$9),&.( @( ]:$2)'9-9:

+)B/5:*/(M/&.'*/&.=(*5?%3(P394.&(,3(/$&/(9%?@,)@3^),&2)(%)9@).4(M/3'5=(4@92B_$,/3($9/3J D3,/3(%&@/53B/93-:.,&(/(*),-&+-._('M3%5(-/5:F(Q(P3$3,/4(+%9&3,3B/9)@3,)(+)B/5:*_(M/&.'*f

@D3$9( ]:$2)'9-9:=( @( 5:M( +%9&$&( @'9:'5*/M( %)B_( $)*4M&,5?@( '5%35&2/-9,:-6( .3*)( @:J 9,3-9,/*?@(5&.(+)B/5:*/=(93*D3$3.f-=(^&(.3',)()*%&\B),&($9/3D3,/3(@D3$9(M/&.'*/-6(@:,/*3J .f-&( 9( 93+/'?@( 93@3%5:-6( @( $)*4M&,53-6( '5%35&2/-9,:-6( M)2f( +%9:-9:,/b( '/_( $)( +)J ,)@,&2)( @:*)%9:'53,/3( +)5&,-.3D4( %9&*( /( 5&%&,?@( ,3$%9&-9,:-6( @( %)9@).4( ]:$2)'9-9:

6$%6=*.(+:"F

/$#"74-(*8(7(M

m3'5)')@3,)( */B*4&53+)@&( +)'5_+)@3,/&( P3$3@-9&=( @:*)%9:'54.f-( ,3'5_+4.f-&( M&J 5)$:( P3$3@-9&7(8$6-*+$6$(+&J=( 3,3B/9_( $:'*4%'4=( P3$3,/3( *)M+3%35:@,&=( 3( 53*^&( '54J

$/4M( +%9:+3$*4( Y&(6$*6#=85ZF(8)%9:'53.f-(9(M&5)$:(8$6-*+$6$(+&J()%39(3,3B/9:($:'*4%J ' 4 = ( + ) B & 2 3 . f - & . ( , 3 ( 3 , 3 B / 9 / & ( M 3 5 & % / 3 D ? @ ( 9 3 ' 5 3 , : - 6 = ( $ ) * ) , 3 , ) ( + % 9 & 2 B f $ 4 ( 3 % 5 : * 4 D ? @ ,34*)@:-6( )%39( M/&.'*/-6( $)*4M&,5?@( '5%35&2/-9,:-6=( MF/,F7( >5%35&2//( %)9@).4( ]:$J 2)'9-9:=( >54$/4M( 4@3%4,*)@3L( /( */&%4,*?@( 932)'+)$3%)@3,/3( +%9&'5%9&,,&2)( ]:$J 2)'9-9:( )%39( a%)2%3M4( %&@/53B/93-./( /( %)9@).4( ]:$2)'*/&2)( Q_9D3( Q)$,&2)F( A&5)$3

*)M+3%35:@,3(+)9@)B/D3(,3(3,3B/9_(/()-&,_($9/3D3L(M/&.'*/-6($)5:-9f-:-6(@:*)%9:'53,/3 +)5&,-.3D4( %9&*( /( 5&%&,?@( ,3$%9&-9,:-6( @( *),5&*\-/&( '5%35&2/-9,:-6( $)*4M&,5?@( M/&.J '*/-6F( Q( P3$3,/4( +)'D4^),)( '/_(&(6$*6#=85(]:$2)'9-9:(.3*)()\%)$*3(9B)*3B/9)@3,&2) ,3$( %9&*3M/=( $B3( *5?%&2)( @)$3( .&'5( @3^,:M( &B&M&,5&M( '5%4*54%:( +%9&'5%9&,,&.=( '+)D&-9J ,&.=( 2)'+)$3%-9&.( /( \%)$)@/'*)@&.F( ]3$3,/&( 494+&D,/),)( )( +%9&$'53@/&,/&( 59@F( $)P%:-6 +%3*5:*(9(932%3,/-:(@(93*%&'/&(*'953D5)@3,/3(+%9&'5%9&,/(,3$%9&-9,&.F

(4)

G+,56,#"H**I":(#-(*4*4%F XK

!".3#4-(*/3$'5-(*(*7"-N/$%#4*5#+(#$93&,%$*1*-"%#$-O&3$

!"#$%&'()N*+,$-

Q/_*'9)\b( M/3'5( @( a)B'-&( +)'/3$3( @/&B)B&5,/&( +B3,:( $9/3D3L( @( ';&%9&( +%9&'5%9&,,&.=

'+)D&-9,&.=( &*),)M/-9,&.=( 3( 53*^&( *4B54%)@&.=( 2)'+)$3%-9&.( -9:( \%)$)@/'*)@&.( 93+/'3,&

@( $)*4M&,53-6( '5%35&2/-9,:-6F( e)*4M&,5:( 5&( '53,)@/f( '@)/'5f( /,@&,53%:93-._( 3*543BJ ,:-6( 93')P?@( )%39( +%9&$'53@/3.f( @/9._( %)9@).4( +)'9-9&2?B,:-6( '*D3$)@:-6( ':'5&M4 M/&.'*/&2)F( Q:9,3-9),&( 'f( @( ,/-6( *),*%&5,&( -&B&=( $)( *5?%:-6( $f^:( M/3'5)( )%39( +%9&$J '53@/),&( 'f( M)^B/@)\-/( /-6( )'/f2,/&-/3F( a)$)P,/&( .&'5( @( +%9:+3$*4( ]:$2)'9-9:F( Q( +%&J 9&,5)@3,:M( 3%5:*4B&( P3$3,/&( )+3%5)( ,3( 5%9&-6( ,3.@3^,/&.'9:-6( $)*4M&,53-6( '5%35&2/-9J ,:-6( M/3'537

HF( >54$/4M( 4@3%4,*)@3L( /( */&%4,*?@( 932)'+)$3%)@3,/3( +%9&'5%9&,,&2)( ]:$2)'9-9:

9( SKKW( %F( gC-6@3D3( <3$:( A/3'53( ]:$2)'9-9:( ,%( G["XT[KW( 9( HX( B/+-3( SKKW( %FiF( m3@/&%3 )2?B,&( /,;)%M3-.&( ,3( 5&M35( $%?2( @)$,:-6( 9,3.$4.f-:-6( '/_( @( 2%3,/-3-6( 3$M/,/'5%3-:.J ,:-6( M/3'53=( MF/,F7( Q/'D:=( ]%$:( )%39( `B/'4( a?D,)-,&2)( /( a)D4$,/)@&2)=( 3( 53*^&( 83,3D4 ]:$2)'*/&2)F( Q( $)*4M&,-/&( 93@3%5&( 'f( 53*^&( +)$'53@)@&( /,;)%M3-.&( )( %)B/( /( +%9:'9D:M

@:*)%9:'53,/4( %9&*( @( ]:$2)'9-9:F( h&'5( 5)( 935&M( '@)/'53( 3,3B/93( '53,4( )P&-,&2)( /( +%?P3 '5@)%9&,/3( @/9./( %)9@).4( 5&%&,?@( ,3$%9&-9,:-6=( .3*)( *B4-9)@&.( )'/( '+)D&-9,)J2)'+)$3%J -9&.(M/3'53F

SF( >5%35&2/3( %)9@).4( ]:$2)'9-9:( $)( SKpK( %F( gC-6@3D3( <3$:( A/3'53( ]:$2)'9-9:

,%( lGrUUU[HK!X[Hp( 9( S"( B/'5)+3$3( SKHp( %Fi=( @( *5?%&.( 93@3%5&( 'f( /,;)%M3-.&( ,3( 5&M35( @/9./

%)9@).4( M/3'53=( -95&%&-6( -&B?@( '5%35&2/-9,:-6=( 5.F7( @9M)-,/&,/3( /( %)9@).4( ;4,*-./( M&5%)J +)B/53%,:-6( @( ]:$2)'9-9:=( @:*%&)@3,/3( *),*4%&,-:.,&.( /( /,,)@3-:.,&.( 2)'+)$3%*/=

4*'953D5)@3,/3( ,)@)-9&',&.( /( ;4,*-.),3B,&.( /,;%3'5%4*54%:( )%39( D3$4( +%9&'5%9&,,&2) 92)$,/&( 9( 93'3$3M/( 9%?@,)@3^),&2)( %)9@).4=( '5@)%9&,/3( @3%4,*?@( $B3( @'9&-6'5%),,&J 2)( %)9@).4( M/&'9*3L-?@( ]:$2)'9-9:=( @( )+3%-/4( MF/,F( )( +)5&,-.3D( c@)$,:dF( Q'*393,&

'f( 53*^&( *),*%&5,&( +B3,)@3,&( $9/3D3,/3=( 93@3%5&( @( HX( +%)2%3M3-6( )P&.M4.f-:-6( @3^,&

$B3(]:$2)'9-9:()P'93%:=(MF/,F(c]:$2)'9-9(,3(;3B/dF(a%)2%3M(c]:$2)'9-9(,3(;3B/d=(*B4-9)J

@:( P/)%f-( +)$( 4@32_( -&B( +%&9&,5)@3,&2)( 3%5:*4D4=( $)5:-9:( MF/,F( %&@/53B/93-./( 5&%&,?@

9$&2%3$)@3,:-6( ,3$( %9&*f=( '5@)%9&,/3( @3%4,*?@( $)( %)9@).4( 54%:'5:*/( /( *4B54%:( -9:

+%)M)-./( ]:$2)'9-9:( .3*)( M/3'53( '/B,/&( 9@/f93,&2)( 9( %9&*fF( <&3B/93-._( 5:-6( 93D)^&L( 93J +B3,)@3,)(+)+%9&9($9/3D3,/3(/(+%9&$'/_@9/_-/3(9@/f93,&(9(3*5:@/93-.f(]:$2)'*/&2)(Q_J 9D3( Q)$,&2)( @( 93*%&'/&( ^&2B42/=( %&@/53B/93-./( 5&%&,?@( \%?$M/&.'*/-6( 9@/f93,:-6 9( )-6%),f( $9/&$9/-5@3( *4B54%)@&2)( /( +%)M)-.f( 54%:'5:*/=( 932)'+)$3%)@3,/3( /( +%9&*'953DJ -&,/3( 5&%&,?@( ,3$P%9&^,:-6=( 53*( 3P:( '+&D,/3D:( ;4,*-.&( %&*%&3-:.,&F

pF( a%)2%3M( %&@/53B/93-./( /( %)9@).4( ]:$2)'*/&2)( Q_9D3( Q)$,&2)( Y]QQZ( gC-6@3D3

<3$:( A/3'53( ,%( GllUr[H!SK[KX( 9( SX( +3n$9/&%,/*3( SKKT( %Fi( .&'5( 5)( $)*4M&,5( 93@/&%3.f-:

MF/,F( )2?B,f( -63%3*5&%:'5:*_( ]QQ=( +)$9/3D( ]QQ( ,3( 5:+:( *%3.)P%3947( 9/&B),f( $)B/,_

]%$:=( ]%$_( \%?$M/&.'*f=( ]%$_( 2)'+)$3%-9)J'+)%5)@f=( 83,3D( ]:$2)'*/=( Q/'D_s( 93J '3$:( /( */&%4,*/( +%)M)-./( ]QQ( YMF/,F( 54%:'5:*3( /( %&*%&3-.3Z( )%39( @3%4,*/( +)@)$9&,/3

$9/3D3L( %&@/53B/93-:.,:-6( /( +B3,:( $)5:-9f-&( $3B'9&2)( %)9@).4( ]QQF( Q3%4,*/( +)@)J

$9&,/3( 'f( 493B&^,/),&( )$( $9/3D3L( ,3( +)9/)M/&( B)*3B,:-6=( +),3$B)*3B,:M( /( *%3.)@:MF Q ( $ ) * 4 M & , - / & ( + ) $ * % & \ B ) , ) ( * ) 6 & % & , - . _ ( $ 9 / 3 D 3 L ( / , ' 5 : 5 4 - . / ( + 4 P B / - 9 , : - 6 = ( + % : @ 3 5 J ,:-6( /,@&'5)%?@=( '5)@3%9:'9&L( /( M/&'9*3L-?@F( Q( +%)2%3M/&( 93@3%5)( Df-9,/&( HTW( 93$3L

(5)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 XH

9( 93*%&'4( )-6%),:( \%)$)@/'*3=( ^&2B42/=( 54%:'5:*/( /( @:+)-9:,*4=( %&@/53B/93-./( P4B@3%?@=

*)M4,/*3-./=( *'953D5)@3,/3( @/9&%4,*4=( 932)'+)$3%)@3,/3( +%9&'5%9&,,&2)=( -9:B/( 93$3L )(-63%3*5&%9&(*)M+B&*')@:MF

`B32)@:M( +%).&*5&M( ]:$2)'9-9:=( @( %3M3-6( )$,)@:( @35&%;%),5?@=( .&'5( 9%&3B/9)@3,3

@( -95&%&-6( &53+3-6=( )$( SKKT( $)( SKHS( %F=( %&@/53B/93-.3( 59@F( Q:'+:( AD:L'*/&.( Y%:'F( HZF( h&'5 5)( )P'93%( )( +)@/&%9-6,/( )*)D)( T=X( 63=( )5)-9),:( +%9&9( ]%$_( /( AD:,?@*_=( 9( M3B)@,/-9:M

@/$)*/&M( ,3( 3%-6/5&*54%_( Q&,&-./( ]:$2)'*/&.( /( ,)@)-9&',f( P%:D_( 2M3-64( R+&%:( V)t3=

*5?%3( '53,)@/( ,/&*@&'5/),)@3,f( $)M/,3,5_( @( 5&.( -9_\-/( M/3'53=( $&-:$4.f-( )( .&.( ,)@)J -9&',:M(-63%3*5&%9&F(<&@/53B/93-.3(5&2)()P'93%4('*D3$3D3('/_(9(-95&%&-6(&53+?@F(a/&%@'9:

M/3D( ,3( -&B4( %)9@?.( +%9&$'/_P/)%-9)\-/( /( @'+3%-/&( )5)-9&,/3( 2)'+)$3%-9&2)( +)+%9&9( +%9&J

*'953D-&,/&( .&$,&2)( 9( P4$:,*?@( ,3( 1&,5%4M( a%3-:( /( a%9&$'/_P/)%-9)\-/( )%39( @:P4$)@3J ,/&(5%9&-6(*D3$&*($B3(+/&'9:-6F(j53+($%42/()P&.M)@3D($9/3D3,/3(9@/f93,&(9(%&,)@3-.f(+/_J -/4( P4$:,*?@( ,3( -&B&( $9/3D3B,)\-/( A49&4M( R*%_2)@&2)( @( ]:$2)'9-9:F( V3( 5%9&-/M

&53+/&( 93._5)( '/_( 932)'+)$3%)@3,/&M( 5&%&,?@( 9/&B&,/( /( ,3P%9&^:=( 9M/&,/3.f-( +%9&'5%9&L( ,3 )5@3%5f(/(+%9:.39,f($B3(B4$9/F

<:'F( HF Q:'+3( AD:L'*3( @( ]:$2)'9-9:=( @/$)*( ,3( A)'5( A/D)\-/( /( A49&4M( R*%_2)@&

`/2F(HF A/BB( U'B3,$( /,( ]:$2)'9-9=( t/&@( )t&%( G)t&( ]%/$2&( 3,$( A4'&4M K+08)"L( `)5)2%3;/3( @:*),3,3( +%9&9( #F( 8&M+_( YSKHTZ

E"=+&$L( a6)5)( M3$&( P:( #F( 8&M+3( YSKHTZ

V3( )'535,/M=( -9@3%5:M( &53+/&=( 9P4$)@3,)( +%9:'53L( .3-65)@f=( *5?%&.( *B4-9)@:M( &B&J M&,5&M( .&'5( $&'/2,&%'*3( M3%/,3( )%39( +%9&+%)@3$9),)( %&M),5( +?D,)-,:-6( /( 93-6)$,/-6 ,3P%9&^:(gA/&.'*3(a%3-)@,/3(C%P3,/'5:-9,3o(SKHHiF(V3('9-9&2?B,f(4@32_(93'D424.&(54J 53.( M3%/,3( 9@3,3( a%9:'53L( ]:$2)'9-9( .3*)( +%9:*D3$( &B&M&,54( Q:'+:( AD:L'*/&.( Df-9f-&J 2)( */B*3( ;4,*-./7( +%9:'53L=( 6)5&B=( '3B&( *),;&%&,-:.,&=( %&'534%3-.3=( *3@/3%,/3=( +4,*5( @/$)J

*)@:F( a%).&*5( 5&2)( P4$:,*4( 46),)%)@3,)( MF/,F( +%&'5/^)@f( ,32%)$f( E6&( Q)%B$( G&/'4%&

U,5&%,35/),3B(U,,)t35/),(a%/9&(@(SKHS(%F

(6)

G+,56,#"H**I":(#-(*4*4%F XS

a%).&*5( %&@/53B/93-./( Q:'+:( AD:L'*/&.( .&'5( @3^,f( '*D3$)@f( $9/3D3L( M/3'53( +)B&23.f-f ,3( @:*)%9:'53,/4( +)5&,-.3D4( %9&*( ,3( +)5%9&P:( 5%3,'+)%54( %9&-9,&2)=( *5?%&2)( %)B3( +)$J

*%&\B3,3( .&'5( @&( @'9:'5*/-6( @:M/&,/),:-6( $)*4M&,53-6( '5%35&2/-9,:-6( 0( ]QQ( .&'5

@3^,:M( &B&M&,5&M( M/_$9:,3%)$)@&2)( '9B3*4( @)$,&2)F( 16)b( 9$3,/&M( h3%9_P/L'*/&.

gSKKTi=( ^&2B423( \%?$Bf$)@3( '53,)@/( @( a)B'-&( K="u( @( -3D)\-/( +%9&@)9?@( 5)@3%?@=( 5)

@( $)*4M&,53-6( '5%35&2/-9,:-6( ]:$2)'9-9:( @:'9-9&2?B,/),)( 5&,( &B&M&,5( .3*)( @3^,:

/( 9@/f93,:( 9( %)9@).&M( 9%?@,)@3^),:M( M/3'53=( *5?%:( P_$9/&( @( +%9:'9D)\-/( ,3P/&%3D( 9,3J -9&,/3F( E%3,'+)%5( @)$,:( .&'5( 9$3,/&M( Q).&@?$9*/&.J8%?B( /( <)BP/&-*/&2)( gSKKIi( .&$,:M 9( ,3.P3%$9/&.( +%9:.39,:-6( '+)')P?@( 5%3,'+)%54( $B3( \%)$)@/'*3=( 9&( @92B_$4( MF/,F( ,3( %&B3J 5:@,/&(M3D&(94^:-/&(&,&%2//(/(,/'*f(&M/'._(93,/&-9:'9-9&L(+)@/&5%93=(53*^&(@?$F(Q+D:@3 +),3$5)( ,3( 9M,/&.'9&,/&( *),2&'5//( /( .&'5( ,3.53L'9:M( %)$93.&M( 5%3,'+)%54F( >f( 5)( -&-6:

+)B/5:*/(M/&.'*/&.(@D3$9(]:$2)'9-9:(M3.f-&(9,3M/),3(9%?@,)@3^),&2)(%)9@).4F(eB35&2) 5&^( +)B/5:*3( M/&.'*3( 4*/&%4,*)@3,3( .&'5( ,3( +%9:@%?-&,/&( %3,2/( $%)2/( M/_$9:,3%)$)@&.

j"KF(kD?@,&(*/&%4,*/($9/3D3L(@(5:M(93*%&'/&(5)7

0 M)$&%,/93-.3( \%?$Bf$)@:-6( $%?2( @)$,:-6( $)( Ur( *B3':=( P4$)@3( +/_-/4( '5)+,/( ,3( Q/J

\B&(M/_$9:(Q3%'93@f(/(]:$2)'9-9f()%39(,)@:-6(\B49=(M)$&%,/93-.3(M)'5?@s

0 M)$&%,/93-.3( '9B3*4( j"K( $)( UU( *B3':=( %&M),5:( )P/&*5?@( 6:$%)5&-6,/-9,:-6( /( &B&*5%:;/J

*3-.3( ,3+_$?@( \B49=( +)2D_P/&,/&( %9&*( /( +%3-&( %&24B3-:.,&=( )-&,3( '53,4( 5&-6,/-9,&2) 53M:(@&(QD)-D3@*4F

a)B/5:*3( M/&.'*3( '*/&%)@3,3( .&'5( +),3$5)( ,3( +%)M)-._( ]:$2)'*/&2)( Q_9D3( Q)$,&J 2)( .3*)( .&$,&2)( 9( &B&M&,5?@( $%)2/( j"K( #,5@&%+/308D3.+&$3=( *5?%:( ]:$2)'9-9:( M3 ,3$3b( ,)@:( @/9&%4,&*( .3*)( c@)$,&.( '5)B/-:( a)B'*/d( -9:( c&4%)+&.'*/&2)( -&,5%4M( @)$,&J 2)dF( QD3$9&( M/3'53( \@/3$)M&( 'f=( ^&( *%&)@3,/&( +)9:5:@,&2)=( c@)$,&2)d( a<( M/3'53 +%9:-9:,/( '/_( $)( @9%)'54( 35%3*-:.,)\-/( ]:$2)'9-9:( @\%?$( M/3'5( +)B'*/-6( /( &4%)+&.'*/-6F Q/_*'9)\b()+/'3,:-6($9/3D3L(@:*%3-93(+)93(*)M+&5&,-.&(@D3$9(B)*3B,:-6=(-)(@:M3J 23( @'+?D+%3-:( 9( /,,:M/( .&$,)'5*3M/( '3M)%9f$4( 5&%:5)%/3B,&2)=( @( 5:M( 53*^&( '+)93( a)BJ '*/=( -)( '53,)@/( @3^,&( @:9@3,/&( $B3( +)B/5:*/( M/3'53F( R*%&\B),)( .&$,3*( $9/3D3,/3( ,/&9P_$J ,&=( *5?%&( +)@/,,:( 9)'53b( @:*),3,&( @( ]:$2)'9-9:=( P:( @( +&D,/( @:*)%9:'53b( +)5&,-.3D

$%?2( @)$,:-6F( eB35&2)( 5&^( +%9:'5)')@3,/&( 5%3':( @)$,&.( $)( %3,2/( M/_$9:,3%)$)@&.=

4M)^B/@/3.f-&.( 5%3,9:5( $)( pK( MB,( 5),( @( )P4( */&%4,*3-6=( .&'5( +%/)%:5&5&M( @D3$9( M/3'53F e9/3D3,/3( 5&( 'f( .&$,3*( *)'95)@,&( /( -93')-6D),&F( eB35&2)( 5&^( /'5,/&.&( @3%/3,5( cM/,/M4Md=

@( *5?%:M( )*%&\B),)( '9B3*( @)$,:( j"K( .3*)( '9B3*( %3,2/( *%3.)@&.F( Q( 5:M( @3%/3,-/&( +)'53J

@/),)( ,3( %)9@?.( ^&2B42/( \%?$Bf$)@&.( @:*)%9:'5:@3,&.( 2D?@,/&( @( -&B3-6( 54%:'5:-9,:-6 /( %&*%&3-:.,:-6( )( +%9&+4'5)@)\-/( $)( T( MB,( 5),F

h3*( @:,/*3( 9( +%9&$'53@/),:-6( %)9@3^3L=( +%/)%:5&5)@:M( $9/3D3,/&M( @D3$9( M/3'53

@( %3M3-6( )$,)@:( 5&%&,?@( ,3$%9&-9,:-6( /( 3*5:@/93-./( +)5&,-.3D4( @)$,&2)( 'f( /,@&'5:J -.&( @( '9&%)*)( %)94M/3,f( /,;%3'5%4*54%_( 5&-6,/-9,fF( Q( 53P&B/( H( +%9&$'53@/),)( $9/3D3,/3

%&@/53B/93-:.,&( 9@/f93,&( 9( /,;%3'5%4*54%f( 5&-6,/-9,f=( *5?%&( 93@3%5&( 'f( @( %?^,:-6( $)*4J M&,53-6( '5%35&2/-9,:-6F

m3+/':( 93@3%5&( @( $)*4M&,53-6( '5%35&2/-9,:-6( '53,)@/f( /,5&2%3B,:( &B&M&,5( +)B/5:*/

M/&.'*/&.( +%9&*D3$3.f-:( '/_( ,3( *),*%&5,&( $9/3D3,/3( @( +%9&'5%9&,/( ]:$2)'9-9:F( <&94B535&M 5:-6( $9/3D3L( .&'5( +)+%3@3( $)'5_+4( MF/,F( $)( 5%3M@3.4( @)$,&2)( )%39( 9@/_*'9&,/&( +)+4J B3%,)\-/( 5&2)( \%)$*3( 5%3,'+)%54F( >f( ),&( @( @/_*'9)\-/( 9@/f93,&( 9( +)+%3@f( ;4,*-.),)@3J ,/3( 5%3M@3.4( @)$,&2)( )%39( 9( @:$D4^&,/&M( .&2)( 5%3':( )( $@/&( *)B&.,&( +%9:'53,/&F( RP&-J ,/&( ;B)5_( 5%3M@3.4( @)$,&2)( @( ]:$2)'9-9:( '53,)@/f( $@3( ,)@)-9&',&=( ,3+_$93,&( +%9&9

(7)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 Xp

&,&%2/_( 'D),&-9,f( '535*/=( 59@F( >D),&-9,/*/=( 9$)B,&( 93P%3b( ,3( +)*D3$( $)( SI( +3'3^&%?@( )%39 '535&*( 93P:5*)@:( )( ,3+_$9/&( M)5)%)@:M( c]:$2)'9-9d( 93P/&%3.f-:( $)( S!( +3'3^&%?@F c>D),&-9,/*/d( )P'D424.f( $@/&( B/,/&( 0( >D),&-9,f( /( >53%)M/&.'*f=( ,35)M/3'5( c]:$2)'9-9d

*4%'4.&( @9$D4^( B/,//( Q'-6)$,/&.F( vf-9,/&( *)%9:'53b( M)^,3( 9( HH( +%9:'53,*?@( 5%3M@3.4

@)$,&2)=( -)( '53,)@/( +%9&.3@( 93'5)')@3,/3( /$&/( 'M3%5( -/5:( @( %&@/53B/93-./( @35&%;%),5?@

gm3%9f$( e%?2( A/&.'*/-6o( SKHTiF( e9/_*/( @:*)%9:'53,/4( &,&%2//( )$,3@/3B,&.=( 59,F( &,&%2//

'D),&-9,&.=( .3*)( ,3+_$4( @( 5:-6( .&$,)'5*3-6=( *%&4.&( '/_( @/9&%4,&*( ]:$2)'9-9:( .3*)( M/3J '53( &*)J;%/&,$B:=( -9:B/( $P3.f-&2)( )( \%)$)@/'*)( ,354%3B,&F( e9/3D3,/3( 5&( @+/'4.f( '/_( +),3$J 5)(@(/$&_('M3%5(-/5:(g1)6&,(SKHSi7

0 6/(+#*$%M4+"%/$%#(0(@:*)%9:'53,/&()$,3@/3B,:-6(n%?$&D(&,&%2//(Y+3,&B&(;)5)@)B53/-9J ,&( 93M),5)@3,&( ,3( $3-63-6( c>D),&-9,/*?@dZs

0 6/(+#*/"N4.4#5( 0( @:*)%9:'53,/&( 3B5&%,35:@,&2)( @( '5)'4,*4( $)( 5%3$:-:.,&2)( Y*)D)J

@&2)Z( 5%3,'+)%54( @)$,&2)s

0 6/(+#*.4M4%:=(-9:B/('9&%)*)(%)94M/3,3(.3*)\b(^:-/3=(*5?%3(@9%3'53(MF/,F($9/_*/(+)+%3@/&

P&9+/&-9&L'5@3( +)+%9&9( P4$)@_( M)P/B,&2)( +)'5&%4,*4( a)B/-./( ,3( @)$9/&F

8)B&.,:M(@3^,:M(@:M/3%&M(+)B/5:*/(M/&.'*/&.('f($9/3D3,/3()(-63%3*5&%9&('+)D&-9,:M=

-9:B/( 9@/f93,&( MF/,F( 9( %)9@).&M( +%9&'5%9&,/( +4PB/-9,:-6( $)( -&B?@( 54%:'5:-9,:-6=( %&*%&J 3-:.,)J'+)%5)@:-6( /( *4B54%3B,:-6( Y53PF( SZF

E3P&B3( HF e9/3D3,/3( M/3'53( @( ';&%9&( %&@/53B/93-./( ]:$2)'*/&2)( Q_9D3( Q)$,&2) E3PB&( HF A4,/-/+3B( 3-5/t/5/&'( /,( -),5&w5( );( %&t/53B/935/),( ]:$2)'9-9( Q35&%@3:

K+08)"7( )+%3-)@3,/&( @D3',&( ,3( +)$'53@/&( $)*4M&,5?@( '5%35&2/-9,:-6 E"=+&$7( )@,( '54$/&'( P3'&$( ),( 56&( '5%35&2:( $)-4M&,5'

kD?@,&( */&%4,*/

A3/,( -)4%'&'

e)*4M&,5:

e)-4M&,5'

>53,( %&3B/93-./( 93$3,/3

>5354'( );( %&t/53B/'35/), ( );( 3-5/t/5:

a%9&P4$)@3( /( M)$&%,/93-.3( @/3$4*5?@=

+%9&+%3@( M)'5)@:-6( )%39( P4$)@3( M)'54 5%3M@3.)@&2)( Df-9f-&2)( 4B/-&( E)%4L'*f /( `)%$)L'*f

<&P4/B$/,2( 3,$( M)$&%,/935/),( )t&%+3''&'=

P%/$2&'( 3,$( P4/B$/,2( 3( 5%3M( P%/$2&

-),,&-5&$( `)%$)L'*3( '5%&&5( 3,$( E)%4L'*3 '5%&&5

>5%35&2/3( %)9@).4( ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

]4$)@3( +%9:'53,/( YS( ,)@&Z( /( 4%9f$9&L 6:$%)5&-6,/-9,:-6=( )9,3*)@3,/&( '9B3*4 ]4/B$/,2( 5@)( ,&@( M3%/,3'( 3,$

6:$%)5&-6,/-3B( ;3-/B/5/&'=( B3P&B/,2( 56&( '&3 B3,&

a%)2%3M( %&@/53B/93-./( /( %)9@).4 ]QQ

>5%35&2/3( %)9@).4( ]:$2)'9-9:

a%)2%3MM&( );( %&t/53B/'35/),( 3,$

$&t&B)+M&,5( );( ]:$2)'9-9 Q35&%@3:=( >5%35&2:();(]:$2)'9-9 e&t&B)+M&,5

@( 5%3*-/&( %&3B/93-./

$4%/,2( 56&( %&t/53B/'35/),

R+%3-)@3,/&( );&%5:( 54%:'5:-9,&.

]:$2)'*)J E)%4L'*/&2)( RP'93%4 A&5%)+)B/53B,&2)( 0( P4$)@3( +)%53B4 /,5&%,&5)@&2)

jB3P)%35/),( 3( 5)4%/'5/-( );;&%( );( ]:$2)'9-9( 0 E)%4L( A&5%)+)B/53,( #%&3( 0( P4/B$/,2 3( @&P'/5&

a%)2%3M( %&@/53B/93-./( /( %)9@).4 ]QQ

a%)2%3MM&( );( %&t/53B/'35/),( 3,$

$&t&B)+M&,5( );( ]:$2)'9-9 Q35&%@3:

+B3,)@3,&

+B3,,&$

(8)

G+,56,#"H**I":(#-(*4*4%F X!

E3P&B3( SF e9/3D3,/3( M/3'53( 9@/f93,&( 9( );&%5f( 54%:'5:-9,f=( @'+3%-/&M( *4B54%:( )%39( '+)%54 E3PB&( SF A4,/-/+3B( 3-5/t/5/&'( -),,&-5&$( @/56( 5)4%/'5/-( );;&%=( -4B54%&( '4++)%5( 3,$( '+)%5

K+08)"7( )+%3-)@3,/&( @D3',&( ,3( +)$'53@/&( $)*4M&,5?@( '5%35&2/-9,:-6 E"=+&$7( )@,( '54$/&'( P3'&$( ),( 56&( '5%35&2:( $)-4M&,5'

kD?@,&( */&%4,*/( $9/3D3L A3/,( -)4%'&'( );( 3-5/t/5/&'

R-9&*/@3,&( %&94B535:

jw+&-5&$( %&'4B5'

e)*4M&,5:

e)-4M&,5'

>53,( %&3B/93-./

93$3,/3

>5354' );( %&t/53B/'35/),

);( 3-5/t/5:

C%4-6)M/&,/&( @:+)^:-93B,/( '+%9_54 +D:@3.f-&2)( @( \%?$M/&.'*/M( )$-/,*4 ]%$:

]4/B$/,2( 3( %&,53B( -)M+3,:);( @35&%

&x4/+M&,5( /,( 56&( -/5:( -&,5&%( ),( ]%$3

@'+3%-/&( 54%:'5:*/( /,$:@/$43B,&.

'4++)%5( /,$/t/$43B( 5)4%/'M

a%)2%3M( %&@/53B/93-./

/( %)9@).4( ]QQ a%)2%3MM&( );

%&t/53B/'35/),( 3,$

$&t&B)+M&,5( );

]:$2)'9-9( Q35&%@3:

93*)L-9),&

;/,/'6&$

<)9P4$)@3( P39:( ,)-B&2)@)J 23'5%)J ,)M/-9,&.( @( )+3%-/4( )( '53,/-_( @)$,f /( +)B&( ,3M/)5)@&( aEE8( @( h3,)@/&

jw5&,'/),( );( 23'5%),)M/-( 3,$( )t&%,/265 '53:/,2( ;3-/B/5/&'( P3'&$( ),( ( M3%/,3( 3,$

-3M+'/5&( /,( h3,)@)

93+&@,/&,/&( P39:( ,)-B&2)@&.

/( 23'5%),)M/-9,&.( 54%:'5)M /M+%)t&M&,5( )t&%,/265( '53:/,2 3,$( 23'5%),)M/-( );;&%

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

C5@)%9&,/&( MF/,F( '9B3*4( @)$,&2) ]:$2)'9-9( 0( m3B&@( 8)%),)@'*/

1%&35&( 3M),2( )56&%( 56/,2'( 3( @35&%( B3,&

]:$2)'9-9( 0( m3B&@( 8)%),)@'*/

'5@)%9&,/&( ,)@:-6( '9B3*?@

*)M4,/*3-:.,)J 54%:'5:-9,:-6 -%&35&( ,&@( -)MM4,/-35/),3BJ 5)4%/'5/-( 5%3/B'

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

m3*4+( .&$,)'5&*( +D:@3.f-:-6( $) 5%3M@3.4( @)$,&2)

a4%-63'/,2( ,&@( @35&%5%3M( '6/+'

@9%)'5( @:*)%9:'53,/3( Rmj( 0 +)9:5:@,:( @+D:@( ,3( \%)$)@/'*) +%9:%)$,/-9&

%/'/,2( );( 4'/,2( ')B3%( +)@&%( 0 +)'/5/t&( /,;B43,-&( ),( /,t/%),M&,5

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

]4$)@3( M)P/B,&2)( +)'5&%4,*4( 54%:J '5:-9,)J @)$,&2)( +)B/-./( )%39( M/&.'-( $)

@)$)@3,/3( D)$9/( ( %35)@,/-5@3( @)$,&2) ]4/B$/,2( 3( 5)4%/'5/-J @35&%( M)P/B&( a)B/-&

'535/),( 3,$( 3( +B3-&( 5)( B34,-6/,2( );( @35&%J B/;&J '3t/,2( P)35'

+)+%3@3( P&9+/&-9&L'5@3( ,3$

@)$f

/M+%)t&M&,5( );( '&-4%/5:( P:( 56&

%/t&%

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

c>-&,3( ,3( @)$9/&d( +%9:( 3M;/5&35%9&

R+&%:( V)t3

yE6&( '-&,&( ),( 56&( %/t&%y( ,&w5( 5) 3M+6/56&35%&( );( R+&%3( V)t3

$4^:=( 93$3'9),:( +)M)'5( +)+%3@/

&'5&5:*_( /( ;4,*-.),3B,)\b( M/&.'-3 3( P/2=( -3,)+/&$( B3,$/,2( '532&( ;)%

/M+%)t/,2( &'56&5/-'( 3,$

+%3-5/-3B/5:( );( 56/'( +B3-&

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

93*)L-9),&

;/,/'6&$

<&@/53B/93-.3( #%P)%&54M( 0( 9/&B),&

,3P%9&^&( ]%$:

<&t/53B/935/),( );( #%P)%&54M( 0( 2%&&,

@35&%;%),5( );( ]%$3

%&@/53B/93-.3( /,;%3'5%4*54%:

5&-6,/-9,&.( /( ';&%:( P)53,/-9,&.

+)+%3@/( ;4,*-.&( $:$3*5:-9,)J J ,34*)@&( /( %&*%&3-:.,&

%&t/53B/'35/),( );( 5&-6,/-3B /,;%3'5%4-54%&( 3,$( P)53,/-( 9),&

;)%( /M+%)t/,2( &$4-35/),3BJ J '-/&,5/;/-( 3,$( %&-%&35/),3B

;4,-5/),'

>5%35&2/3( %)9@).4 ]:$2)'9-9:

>5%35&2:( );( ]:$2)'9-9 e&t&B)+M&,5

+B3,)@3,&

+B3,,&$

(9)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 XX

e9/3D3,/3(M/3'53(@(';&%9&('+)D&-9,)J*4B54%3B,&.(*D3$f(MF/,F(,3-/'*(,3(%)9@?.(54%:'5:*/

/( '+)%54( ,3( %9&-&=( 3( 53*^&( ,3( 5&%&,3-6( @( .&.( P&9+)\%&$,/M( )5)-9&,/4F( <)9@?.( 5&,( M3( ,3J '5f+/b( MF/,F( +)+%9&9( 45@)%9&,/&( ,)@:-6( '9B3*?@( 54%:'5:-9,:-6( )+3%5:-6( ,3( B)*3B,&.

/(,3%)$)@&.(6/'5)%//()%39($9/&$9/-5@/&(*4B54%)@:MF(>9B3*/(5&(M3.f(@3^,&(@D3\-/@)\-/($:J

$3*5:-9,)J&$4*3-:.,&=(,+F7(>9B3*(@)$,:(/MF(>5&;3,3(]35)%&2)F(a)B/5:*3(M/&.'*3(M3(53*^&

,3( -&B4( +%)M)-._( /( %)9@?.( '+)%54=( MF/,F( +)+%9&9( +%9&P4$)@_( 5)%4( %&235)@&2)( @( ]%$:4.J

\-/4F( a%).&*5( +%9&P4$)@:( 5)%4( .&'5( @( ;39/&( +B3,)@3,/3( /( +)9:'*/@3,/3( ;4,$4'9:F( U'5)5J ,:M( &B&M&,5&M( .&'5( 53*^&( $9/3D3B,)\b( *4B54%3B,3( +)B&23.f-3( MF/,F( ,3( %&3B/93-./( @/&B4( @:J

$3%9&L( ,+F7( ;&'5/@3B4( c>-&,3( ,3( @)$9/&dF( a)+%9&9( P4$)@_( 93$3'9),&2)( +)M)'54=( *5?%:

93+&@,/( -/&L( /( )-6%),_( +%9&$( )+3$3M/( 35M)';&%:-9,:M/=( +)+%3@/( '/_( &'5&5:*3( /( 35%3*-:.J ,)\b( 5&2)( M/&.'-3F( QD3$9&( M/&.'*/&( @( 5&,( '+)'?P( -6-f( 93+%)'/b( ,3$( %9&*_( @/_-&.( 54%:J '5?@=( '9-9&2?B,/&( *B3':( \%&$,/&.( /( @:^'9&.F( Q&$D42( $3,:-6( kD?@,&2)( C%9_$4( >535:J ' 5 : - 9 , & 2 ) ( g S K H ! i = ( 5 4 % : ' 5 3 ( ' + _ $ 9 / D ( \ % & $ , / ) ( H = W ( $ , / 3 ( @ ( ] : $ 2 ) ' 9 - 9 : ( @ ( S K H ! ( %F e)( @:M/&,/),:-6( @-9&\,/&.( $9/3D3L( $)-6)$9f( 9@/f93,&( 53*^&( 9( %)9P4$)@f( P39:( ,)-B&J 2)@&.=( 53*( 3P:( 54%:\-/( '+_$93B/( .3*( ,3.@/_-&.( -93'4( @( ]:$2)'9-9:=( *5?%3( ,3( +%9&'5%9&,/

)'535,/-6( B35( 9M/&,/D3( '/_( %3$:*3B,/&=( 3( @( +B3,3-6( 93D)^),)( *)B&.,&( $9/3D3,/3( +%)%)9@).)J

@&(Y%:'F(SZF

<:'F( SF <9&*3( @( ]:$2)'9-9:7((* 0( $3@,/&.( YB353( HWSK0HWpKZ=( @'+?D-9&\,/&( YSKHT( %FZ( /( @( +%9:J '9D)\-/

`/2F(SF </t&%( /,( ]:$2)'9-9( P&;)%&( YHWSK0HWpKZ=( ,)@( YSKHTZ( 3,$( 5)M)%%)@

K+08)"L( )+%3-)@3,/&( @D3',&( Y9$.F( H( 0( '+/-6%9&( ,3$( ]%$f=( HWSK0HWpK( g`)5)+)B'*3F( SKHTis( 9$.F( S( 0

@ / $ ) *( , 3 ( +% 9 : ' 5 3 ,& * ( 5 % 3 M @3 . 4( @)$ ,& 2 )( Q: ' + 3 ( A D :L ' * 3 = ( 3 45 )% ( 8% 9 :' 9 5 ); ( < )2 3 5 * 3 s ( 9 $. F( p ( 0( +% 9 :' 5 3 J ,&*( a8>( 5%3M@3.4( @)$,&2)( 0( @/943B/93-.3( ga%)2%3M( %&@/53B/93-./o( SKK"iZ

E"=+&$7( )@,( '54$/&'( Y+6)5F( H( 0( 2%3,3%/&'( ),( ]%$3=( HWSK0HWpK( g`)5)+)B'*3F( SKHTis( +6)5F( S( 0( t/&@

) , ( 3 ( @ 3 5 & % 5 % 3 M ( ' 5 ) + ( z A / B B ( U ' B 3 , $ { = ( + 6 ) 5 F ( 8 % 9 : ' 9 5 ) ; ( < ) 2 3 5 * 3 s ( + 6 ) 5 F ( p ( 0 ( t / ' 4 3 B / 9 3 5 / ) , ( ) ; ( @ 3 5 & % 5 % 3 M '5)+( z]4'( >535/),{( ga%)2%3M( %&@/53B/93-./o( SKK"iZ

7"8+$*!+(-#4-3 1P;DEFQ><@A<

Q( 5&.( -9_\-/( 3%5:*4D4( 345)%9:( +%9&$'53@/B/( $)P%&( +%3*5:*/( $)5:-9f-&( 932)'+)$3%)@3J ,/3( 5&%&,?@( ,3$%9&-9,:-6( /( @:*)%9:'53,/3( +)5&,-.3D4( %9&*/( @( M/&\-/&F( >f( 5)( +%9:*D3$:

$)P%:-6( %)9@/f93L=( *5?%&( -9_\-/)@)( 'f( .4^( /M+B/*)@3,&( @( ]:$2)'9-9:( /( M)2f( '53,)@/b +),3$5)( /,'+/%3-._( $)( $3B'9:-6( $9/3D3LF

(10)

G+,56,#"H**I":(#-(*4*4%F XT

!;DR<H:*$S=?T<;*!F;H*U,FVCWXA<*+JT;YZ*%A<S?Y[

m32D_P/&( <46%:( .&'5( .&$,:M( 9( ,3.@/_*'9:-6( )P'93%?@( +)'5/,$4'5%/3B,:-6( @( j4%)+/&=

9@/f93,:M( $3@,/&.( 9( /,5&,':@,:M( %)9@).&M( 2?%,/-5@3( @_2B3( *3M/&,,&2)( )%39( 645,/-J 5@3(^&B393(/('53B/(gA3-/&.&@'*3(/(E4%&*(SKH!iF(a%).&*5(jM'-6&%(a3%*(+)@'53D(@(-&B4(%&@/J 53B/93-./( 5&%&,?@( +)+%9&M:'D)@:-6( )( +)@/&%9-6,/( )*F( pSK( *MS=( +%9:B&23.f-:-6( $)( -/&*4

%9&-9,&2)( jM'-6&%=( ,3( +?D,)-:( m32D_P/3( <46%:F( RP&-,/&( )P'93%( 5&,( +%9:-/f23( 54%:'5?@

93/,5&%&')@3,:-6( ;4,*-.),)@3,/&M( %?^,:-6( )P/&*5?@( /,$4'5%/3B,:-6=( *5?%&( $)'5)')@3J ,)( $)( +)5%9&P( 54%:'5:*/( ga3,-&@/-9( SKHKiF( V/&( 93,/&$P3,)( %?@,/&^( +%)-&'4( )$,)@:( \%)J

$)@/'*3( +%9:%)$,/-9&2)=( +%)M)-./( /( 93'5)')@3,/3( )$,3@/3B,:-6( n%?$&D( &,&%2//( ,3( 5&%&,/&

+)$$3,:M( )$,)@/&F( kD?@,&( $9/3D3,/3( 4*/&%4,*)@3,)( ,3( '5@)%9&,/&( @'+?B,&.( '5%35&2//

%&@/53B/93-:.,&.($B3(5&%&,?@(9/&B&,/(H"(M/3'5(/(2M/,(B&^f-:-6(@9$D4^(%9&*/(jM'-6&%=(-)($)J +%)@3$9/D)( $)( 45@)%9&,/3( a3%*4( 8%3.)P%39)@&2)( jM'-6&%=( +)+%9&9( +)Df-9&,/&( 5:-6( 5&%&J ,?@F( 8)L-)@:M( %&94B535&M( -3D&2)( +%).&*54( P_$9/&( '/B,/&.'93( /$&,5:;/*3-.3( M/&'9*3L-?@

9&('@)/M(%&2/),&M()%39(+%9:-/f2,/_-/&(@/_*'9&.(B/-9P:(54%:'5?@(/(/,@&'5)%?@(g16M/&B&@J '*3(SKHS=(8/M/-(SKHS=(A3-/&.&@'*3(/(E4%&*(SKH!i

!;DR<H:*7D;:SJ@Q*!TD<@A\*U%A<S?Y[

h&'5( 5)( .&$&,( 9( +%).&*5?@( %&@/53B/93-:.,:-6( %&3B/9)@3,:( @( %3M3-6( +%).&*54( jM'-6&%

a3%*F( m3$3,/&M( +%).&*54( P:D3( -3D)\-/)@3( %&@/53B/93-.3( +)+%9&M:'D)@&.( -9_\-/( $9/&B,/-:

|}%$&(@(e)%5M4,$9/&(@(V/&M-9&-6=()(+)@/&%9-6,/()*F(SKK(63=()%39(+%9:@%?-&,/&(@3%5)J

\-/( /( ;4,*-./( +%9:%)$,/-9:-6( %9&-&( jM'-6&%F( RP'93%( +)$9/&B),)( ,3( $@/&( -9_\-/7( a6)&,/w R'5( Y-9_\b( @'-6)$,/3Z( /( a6)&,/w( Q&'5( Y-9_\b( 93-6)$,/3Z( +&D,/f-&( )$M/&,,&( ;4,*-.&

/( )$$9/&B),&( )$( '/&P/&( 6/'5)%:-9,:M( -&,5%4M( |}%$&( )%39( +)Df-9),&( )+D:@3.f-f( .&( )$

+?D,)-:( %9&*f( jM'-6&%F( U$&f( +%)2%3M4( .&'5( 9P4$)@3,/&( -&,5%4M( 5&-6,)B)2/-9,)J J4'D42)@&2)=( 3( +/&%@'9:( &53+( $9/3D3L( +)B&23D( ,3( 45@)%9&,/4( @( -9_\-/( 93-6)$,/&.( +3%*4 5&-6,)B)2/-9,&2)( /( 5&%&,?@( %&*%&3-:.,:-6F( 19_\b( @'-6)$,/f=( +)( B/*@/$3-./( 645:=( 933$3+J 5)@3,)( ,3( -&B&( M/&'9*3,/)@&( )( +)@/&%9-6,/( )*F( HHK( 63=( 2$9/&( %&3B/9)@3,:( .&'5( +%)J .&*5( a6)&,/w( >&&F( Q( +%).&*-/&( 5:M( +B3,)@3,)( 45@)%9&,/&( '954-9,&2)( .&9/)%3( )( 2D_P)*)J

\-/( p0!( M&5%?@=( 93'/B3,&2)( @)$3M/( 2%4,5)@:M/( gA3-/&.&@'*3( /( E4%&*( SKH!iF( U,5&,-.f

@D3$9( M/3'53( P:D)( '5@)%9&,/&( +%9&'5%9&,/( %&*%&3-:.,&.( )( @3B)%3-6( +%9:%)$,/-9:-6=( .&$,)J -9&\,/&( 93+&@,/3.f-( )-6%),_( )*)B/-( +%9&$( +)@)$9/fF( e9/_*/( +%).&*5)@/( +)+%3@/D3( '/_( .3J

*)\b(*%3.)P%394()%39('5%4*54%3('+)D&-9,3($9/&B,/-:(g16M/&B&@'*3(SKHSiF 7JA=XJ;V*U%A<S?Y[

e4/'P4%2( .&'5( *)B&.,:M( +%9:*D3$&M( M/3'53( %&@/53B/9)@3,&2)( @( %3M3-6( +%).&*54( jMJ '-6&%( a3%*F( e4/'P4%2( +)'/3$3( HH!J*/B)M&5%)@&( ,3P%9&^&( /( +),3$( HKu( 4$9/3D( +)@/&%9-6,/

@)$,:-6( @( '*3B/( M/3'53( 0( .&'5( 5)( ,3.@/_*'9:( \%?$Bf$)@:( +)%5( @( j4%)+/&F( eB35&2)( 5&^

$)M/,4.f-:( ,3$( M/3'5&M( +)%5( /( '+&D,/3,&( +%9&9( ,/&2)( ;4,*-.&( $&-:$4.f( )( *'953D-/&( /( %)9J

@).4(M/3'53F(Q(B353-6(WKF(ll(@F(%)9+)-9_D:('/_($:,3M/-9,&(+%3-&(%&@/53B/93-:.,&=('9-9&J 2?B,/&( @( -9_\-/( +)%54( +%9:B&23.f-&.( $)( 6/'5)%:-9,&2)( -&,5%4M( M/3'53( g>9@&$( SKHHiF kD?@,&( $9/3D3,/3( *),-&,5%)@3D:( '/_( @)*?D( 63'D3( cA/&'9*3b( ,3$( @)$fd( /( M/3D:( ,3( -&B4

%&@/53B/93-._( 5&%&,?@( +)+%9&M:'D)@:-6( )%39( '5@)%9&,/&( *),*4%&,-:.,&2)( )\%)$*3( @( %&J 2/),/&F( V3( 5&%&,/&( $3@,&2)( +)%54( 93-9_5)( P4$)@3b( ,)@)-9&',&( P/4%)@-&( /( +%).&*5)@3b 5&%&,:( M/&'9*3,/)@&( @&$D42( *),-&+-./( ,3.P3%$9/&.( 9,3,:-6( 3%-6/5&*5?@F( R$%&'534%)@3J ,)(53*^&(*/B*3(93P:5*)@:-6()P/&*5?@(g193%,&-*3(SKHKiF

(11)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 X"

5FF;X;]?H<@*U%A<S?Y[

>33%P%~-*&,( ,3$( %9&*f( >33%f( 5)( @( +%9&'9D)\-/( $)P%9&( %)9@/.3.f-&( '/_( M/3'5)( +%9&M:J 'D)@&=( *5?%&( )P&-,/&( +)@)B/( +)$4+3$3F( Q( M/&\-/&( B/*@/$)@3,:-6( .&'5( @/&B&( M/&.'-( +%3J -:=( -)( +)@)$4.&( 9,3-9,f( &M/2%3-._( $)( /,,:-6( %&2/),?@F( h&$,)-9&\,/&( @( >33%P%~-*&,

%)9@/,/_5:( .&'5( '&*5)%( P/9,&'4=( -)( .&$,3*( ,/&( )9,3-93=( ^&( +%3-4.f-:( @( ,/M( B4$9/&( 53M M/&'9*3.fF( R*)D)( TKu( 935%4$,/),:-6( )'?P( M/&'9*3( +)93( )+/':@3,:M( M/3'5&MF( m3$3J ,/&M( +)@'53D&2)( +%).&*54( cA/3'5)( ,3$( %9&*fd( .&'5( +)$,/&'/&,/&( .3*)\-/( ^:-/3( /( +%3-:

@( -&,5%4M( >33%P%~-*&,=( +)P4$9&,/&( 5&2)( M/&.'-3( $)( ^:-/3( /( 93-6_-&,/&( $)( 93M/&'9*3,/3

@(,/MF(1&B(5&,(M3(P:b()'/f2,/_5:($9/_*/(+%9&P4$)@/&('5%4*54%(4*D3$4(M/&.'*/&2)F(a%).&*5 ,3@/f94.&( $)( 6/'5)%:-9,&2)( @+D:@4( %9&*/( >33%:( ,3( %)9@?.( M/3'53( M3( ,3( -&B4( B&+'9&( @:J

*)%9:'53,/&( M)^B/@)\-/=( *5?%&( $3.&( *)%&B3-.3( M/_$9:( 3%-6/5&*54%f( /( @)$f( g>9@&$( SKHH=

Q_-D3@)@/-9J]/B'*3(SKHHiF 5<JI*U-D;<F*!DCJQ@ADEF[

19_'5f( +%3*5:*f( @( M/3'53-6( P:D)( *3,3B/9)@3,/&( %9&*=( '9-9&2?B,/&( M,/&.'9:-6( -/&*?@F e)'*),3D:M( 5&2)( +%9:*D3$&M( .&'5( >&4BF( a)'94*4.f-3( +%3-:( @( '5)B/-:=( 4P)23( B4$,)\b 9( %&2/),?@( @/&.'*/-6( M3')@)( )'/&$B3D3( '/_( ,3$( P%9&2/&M( %9&*/( 16&),22:&F( V3'5f+/D( /,J 5&,':@,:( +%)-&'( &*'+B)353-./( -/&*4=( -)( '+)@)$)@3D)( $&2%3$3-._( *)%:53( /( -9_'5&( +)@)J

$9/&F( eB35&2)( 5&^( %9&*_( +%9&*'953D-),)( @( *3,3D=( 3( ,3$( ,/M( 9P4$)@3,)( @/&B)+)9/)M)@f 345)'5%3$_F( Q( SKKp( %F( @D3$9&( M/3'53( 9M/&,/D:( '5%35&2/_( 0( /,;%3'5%4*54%_( $%)2)@f( 9$&M),J 5)@3,)=( 3( 5&%&,( +)$$3,)( %&@/53B/93-./( &*)B)2/-9,&.( 0( %9&*3( 9)'53D3( ,3( ,)@)( 9@%?-),3 M/3'54(gaB&'9*)(SKKW=(>9@&$(SKHHiF

1FI<@?RF*U^A=>PF@AF[

h4^()$(9&'9D&2)(@/&*4(@(M/3'53-6(,3$(%9&*3M/(93-9_D:(+)@'53@3b(,/&'3M)@/5&($9/&D3 3%-6/5&*54%:=( *5?%&( '53D:( '/_( ,/&.&$,)*%)5,/&( @/9:5?@*3M/( M/3'53F( e)'*),3D:M( 5&2)( +%9:J

*D3$&M( .&'5( A/3'5)( >954*/( /( V34*/( >3,5/32)( 13B35%3t:( 9,3.$4.f-&( '/_( @( @:'-6,/_5:M

*)%:-/&( %9&*/( E4%//( @( Q3B&,-./=( *5?%3( Df-9:D3( ,/&2$:\( A)%9&( q%?$9/&M,&( 9( 6/'5)%:-9,:M -&,5%4M( M/3'53( )$$3B),:M( )( I( *M( )$( P%9&24F( V3( 5&%&,/&( +%3@/&( pTK( 5:'F( M!( 93+%).&*5)J

@3,)( ;454%:'5:-9,&( P4$:,*/( M/&'9-9f-&7( )-&3,3%/4M=( M49&4M( ,34*/( )%39( )+&%_=( *5?%&

)5)-9),)( P3'&,3M/( /( P4.,:M/( )2%)$3M/F( Q'9:'5*/&( 5&( &B&M&,5:( '*D3$3.f( '/_( ,3( ,/&+)J

@53%93B,:( *%3.)P%39( M/3'53( /( $&-:$4.f( )( .&2)( @:.f5*)@:M( M/B/&4( g>9@&$( SKHH=( ]3.2/&%J J8)@3B'*3(SKH!iF

5FI_D;Q*U1A<IHF*8;Y:F@AF[

Q(lUl(@F(>3B;)%$(P:D(.&$,:M(9(2D?@,:-6(M/3'5(+%9&M:'D)@:-6(/(@3^,:M(+)%5&M(,3

$%)$9&( $)( A3,-6&'5&%4F( m( +)-9f5*/&M( ll( @F( +)%5( >3B;)%$( '5%3-/D( ,3( 9,3-9&,/4F( Q9%)'5 P & 9 % ) P ) - / 3 ( P : D ( + ) @ ) $ & M ( ) $ + D : @ 4 ( * B 3 ' : ( % ) P ) 5 , / - 9 & . = ( - ) ( @ + D : , _ D ) ( , 3 ( + ) @ ' 5 3 , / &

@( )+4'9-9),:-6( $9/&B,/-3-6( 'B4M'?@F( A/3'5)( +)$&.M)@3D)( $9/3D3,/3( M3.f-&( 93+)P/&23b P&9%)P)-/4( /( 9)%23,/9)@3,&.( +%9&M)-:=( .&$,3*( 9( ,/&@/&B*/M( '*45*/&MF( Q( SKK"( %F( %)9+)J -9_D3( '/_( $:,3M/-9,3( %&@/53B/93-.3F( a)@'53D:( $@3( ,)@&( @/&^)@-&=( 6)5&B=( %&'534%3-.3 /( ,)@:( +B3-( M/&.'*/F( R+%?-9( 5&2)( 45@)%9),)( &*)B)2/-9,:( +3%*( Df-9f-:( 'f'/3$4.f-&( %&2/)J ,:=(*5?%&2)()'/f(*)M+)9:-:.,f(.&'5(%9&*3(U%@&BBF(RP&-,/&(@(M/&\-/&(.&'5()*F(TKu(5&%&,?@

9/&B),:-6( Y+3%*?@=( -M&,53%9:=( +B3-?@( 93P3@=( P)/'*( /5+FZF( m%&3B/9)@3,)( 2D?@,&( 93D)^&,/3

(12)

G+,56,#"H**I":(#-(*4*4%F XI

%&@/53B/93-./=( MF/,F( '5@)%9),)( '+?.,:( +3%*=( 9( *5?%&2)( 4^:5*)@,/-:( *)%9:'53.f( .3*( 9( @D3J ',:-6( )2%?$*?@=( 45@)%9),)( ,)@&( 5%3':( +/&'9&( /( %)@&%)@&=( )5@3%5&( +%9&'5%9&,/&( /( M)'5:

,3$( %9&*f=( @+%)@3$9),)( ,)@&=( %?^,)%)$,&( M)^B/@)\-/( %&*%&3-./( /( @:+)-9:,*4( 0( '5@)J

%9),)( '+%9:.3.f-&( @3%4,*/( $)( '+)5*3L( $B3( B)*3B,:-6( '+)D&-9,)\-/F( Q:*%&)@3,)( @( 5&, '+)'?P( M/&.'-&( -63%3*5&%:'5:-9,&=( @/9:5?@*_( M/3'53=( *5?%3( ,3@/f94.&( $)( @)$,&.( +%9&J '9D)\-/(>3B;)%$4(gA34%&%(SKHp=(>3B;)%$(1/5:o(SKHT(iF

1%3"5-3

h3*( @:,/*3( 9( +%9&+%)@3$9),&2)( P3$3,/3=( +)$&.M)@3,&( +%9&9( M/3'5)( ]:$2)'9-9

$9/3D3,/3( 9@/f93,&( 9( )$,)@f( 5&%&,?@( ,3$%9&-9,:-6=( 93+/'3,&( @( $)*4M&,53-6( '5%35&2/-9J ,:-6(YMF/,F(@(>5%35&2//(%)9@).4(]:$2)'9-9:=(@(>54$/4M(4@3%4,*)@3L(/(*/&%4,*?@(932)J '+)$3%)@3,/3( +%9&'5%9&,,&2)( ]:$2)'9-9:=( @( a%)2%3M/&( %&@/53B/93-./( /( %)9@).4( ]:$J 2)'*/&2)( Q_9D3( Q)$,&2)Z=( ;3*5:-9,/&( +%9:@%3-3.f( 5:M( 5&%&,)M( /-6( @3^,f( %)B_( @( +%9&J '5%9&,/( M/3'53( )%39( *%&4.f( ,)@:( @/9&%4,&*( M/3'53F( a)$&.M)@3,&( $9/3D3,/3( 'f( +),3$5) '+?.,&=( 3( 3,3B/93( @:M/&,/),:-6( $)*4M&,5?@( 4.3@,/D3( /-6( @&@,_5%9,f( *)6&%&,-._( /( @93J .&M,/&(494+&D,/3,/&('/_F

A/3'5)( %&3B/94.&( ,3$( @)$f( @/&B&( $9/3D3L( )( -63%3*5&%9&( 5@3%$:M( 0( /,;%3'5%4*54%3B,:M=

@:+&D,/3.f-( .&=( -)( /'5)5,&=( $9/3D3,/3M/( '+)D&-9,:M/=( -9:B/( 59@F( M/_**/M/( )( -63%3*5&%9&

'+)%5)@)J*4B54%3B,:M(Y;&'5/@3B&=(/M+%&9:=(93@)$:ZF(#*5:@,)\-/(5&(@9M3-,/3.f(/(45%@3B3J .f(@\%?$(M/&'9*3L-?@(B)*3B,f(5)^'3M)\b=(+%9:+)M/,3.f-()(P)235&.(6/'5)%//(M/3'53F(<&3B/J 9)@3,&( $9/3D3,/3( +)$,)'9f( 53*^&( .3*)\b( ^:-/3( Y,)@&( +%9&'5%9&,/&( +4PB/-9,&=( &*)J+%9:.3J 9,&( \%)$*/( 5%3,'+)%54=( 5&%&,:( 9/&B&,/Z( )%39( '53.f( '/_( @3B)%&M( 54%:'5:-9,:M( @+D:@3.f-:M ,3( %)9@?.( ,+F( 54%:'5:*/( @)$,&.F

Q:*)%9:'53,/&( +)5&,-.3D4( 5%3,'+)%5)@&2)( %9&*( @( ]:$2)'9-9:( .&'5( @( +&D,/( 92)$,&

9( 93'3$3M/( 9%?@,)@3^),&2)( %)9@).4( /( /$&f( 'M3%5( -/5:=( MF/,F( +)+%9&9( '5)')@3,/&( )$,3J

@/3B,:-6( n%?$&D( &,&%2//F( `3*5( 5&,( @+D:@3( ,3( +)+%3@_( '53,4( \%)$)@/'*3( ,354%3B,&2)=

'+%9:.3( @/9&%4,*)@/( M/3'53( .3*)( M/3'53( &*)B)2/-9,&2)( /( 5%)'9-9f-&2)( '/_( )( 93')P:( @)$J ,&=( @( 5:M( 53*^&( )( +)5%9&P:( +%9:'9D:-6( +)*)B&LF

h3*( @:,/*3( 9( 3,3B/9:=( $9/3D3,/3( @D3$9( M/&.'*/-6( -63%3*5&%:94.f( '/_( &53+)@)\-/f( /( $)J '5)')@3,/&M( $)( 3*543B,:-6( +)5%9&P=( +),/&@3^( +%)+),)@3,&( 'f( %?^,&( '-&,3%/4'9&=

@( 93B&^,)\-/( )$( M)^B/@)\-/( *))+&%3-./=( $)'5_+,)\-/( \%)$*?@( -9:( 2&,&%3B,/&( *),/4,*54%:

'+)D&-9,)J2)'+)$3%-9&.( Y@3%/3,5:( cM3w/M4Md( /( cM/,/M4MdZF( Q'+)M,/3,3( @'+?D+%3-3 .&'5( +),3$5)( @3^,:M( '*D3$,/*/&M( '4*-&'4( $9/3D3L( M/&.'*/-6=( +),/&@3^( %9&*/=( .3*)( B/,/)J

@:( &B&M&,5( @( +%9&'5%9&,/=( '*4+/3.f( @)*?D( '/&P/&( @/&B4( /,5&%&'3%/4'9:=( @( 5:M( 53*^&( '+)93 2M/,:=( %&2/),4( -9:( *%3.4F( U'5)5,&( .&'5( 53*^&( *),-&,5%)@3,/&( '/_( @D3$9( M/&.'*/-6( ,3 + % ) . & * 5 3 - 6 ( * ) M + B & * ' ) @ : - 6 ( ) % 3 9 ( 4 @ 9 2 B _ $ , / & , / & ( + % 9 : ' 9 D : - 6 ( 5 % & , $ ? @ ( 9 @ / f 9 3 , : - 6 MF/,F(9(%)9@).&M(^&2B42/(\%?$Bf$)@&.(@(@:M/3%9&(*)M&%-:.,:M(/(%&*%&3-:.,:MF

(>5@/&%$9/b(,3B&^:=(^&(P:$2)'*3(+)B/5:*3(M/&.'*3(3*5:@/94.&(+)5&,-.3D(%9&*(0($9/3D3,/3 92)$,&( 'f( 9( 93'3$3M/( 9%?@,)@3^),&2)( %)9@).4( M/3'5( M3.f( -63%3*5&%( %&@/53B/93-:.,:

/( /M+B&M&,54.f( /$&&( 'M3%5( -/5:F( m35&M( $)P%9&( @:*)%9:'53,:( +)5&,-.3D( c@)$,:d( ]:$2)'9J -9:( $&-:$4.&( )( 3*543B,:M( /( +%9:'9D:M( $:,3M/-9,:M( %)9@).4( 93%?@,)( '+)D&-9,:M=( .3*

/(2)'+)$3%-9:M(M/3'53F

(13)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 XW

!3O/3$%%3&#1"

]3,*( e3,:-6( G)*3B,:-6=( kC>=( t$BF'535F2)tF+B[]eG['53%5=( $)'5_+7( HXFKXFSKHTF

]3.2/&%J8)@3B'*3=( AF( YSKH!ZF( <)B3( +%9&$'/_P/)%-9)\-/( B)*3B,&.( @( $:@&%':;/*3-./( +%)$4*54( 54%:J '5:-9,&2)( Q3B&,-./( Y|/'9+3,/3Z=( ''F( H"W0HI!F

]3%5)@'*/=( 8F( YSKKXZF( Q( SpHF( %)-9,/-_( 83,3D4( ]:$2)'*/&2)( YH""!0SKKXZ=( @7( A35&%/3D:( $)( $9/&J .?@( *4B54%:( /( '954*/( ]:$2)'9-9:( /( %&2/),4=( HK=( pX0!SF

]:$2)'*/( RP'93%( `4,*-.),3B,:F( U,@&'5:-.&( *B4-9)@&( $)( %&3B/93-./( $)( %)*4( SKSKF( YSKHSZF( m&'+?D ,%( UrF( 84B54%3=( 54%:'5:*3=( +%)M)-.3=( %&*%&3-.3( /( '+)%5F

13M+P&BB=( ]F( YSKHSZF( </t&%'( 3,$( 56&( +)@&%( );( 3,-/&,5( <)M&F( E6&( C,/t&%'/5:( );( V)%56( 13%)B/,3 a%&''F

13%M),=( VF=( >63M/%=( CF( YSKHKZF( Q35&%J'&,'/5/t&( +B3,,/,27( /,5&2%35/,2( @35&%( -),'/$&%35/),'( /,5) 4%P3,(3,$(%&2/),3B(+B3,,/,2F(Q35&%(3,$(j,t/%),M&,5(h)4%,3B(S!=(HIH0HWHF

16M/&B&@'*3=( AF( YSKHSZF( 8)M+B&*')@3( /( @/&B)*/&%4,*)@3( %&@/53B/93-.3( 9$&2%3$)@3,&.( +%9&J '5%9&,/( M/&.'*/&.( @( $9/&B,/-:( |}%$&( M/3'53( e)%5M4,$( Ym32D_P/&( <46%:=( V/&M-:Z=( @7( 8'953D5)J

@3,/&( \%)$)@/'*3( 2&)2%3;/-9,&2)( /( )-6%),3( +%9:%)$:( ,3( )P'93%3-6( 4+%9&M:'D)@/),:-6 /( 94%P3,/9)@3,:-6=( C,/@&%':5&5( qBf'*/=( Q:$9/3D( ]/)B)2//( /( R-6%),:( q%)$)@/'*3( /( Q:$9/3D V34*()(m/&M/=(835)@/-&0>)',)@/&-(!!=(X0HXF

1)6&,=( ]F( YSKHSZF( E6&( 5)+( HK( 'M3%5( -/5/&'( ),( 56&( +B3,&5F( 1)F( jw/'5( HHF

193%,&-*3=( eF( YSKHKZF( <&B3-.3( %9&*3( 0( M/3'5)=( Q:$9/3D( #%-6/5&*54%:( a)B/5&-6,/*3( Q3%'93@'*3=

Q3%'93@3F

`/.3D*)@'*/=( QF( YHWWXZF( A/3'5)( 5:D&M( $)( %9&*/( 0( M35&%/3D:( '&'./( ,34*)@&.=( E)@3%9:'5@)( R+/&*/

,3$( m3P:5*3M/=( Q3%'93@3F

`)5)+)B'*3=( 655+7[[P:$2)'9-9F;)5)+)B'*3F&4[HpTpX=;)5)F65MB=( $)'5_+7( HHFK!FSKHTF

`%3,-/'( <F=( #F( YSKHSZF( a)'/5/),/,2( 4%P3,( %/t&%'( @/56/,( 4%P3,( &-)B)2:F( C%P3,( j-)':'5&M'( HXYSZ=

SIX0SWHF

k)%f-9*)=( AF( YSKKIZF( <)B3( +)B'*/-6( $%?2( @)$,:-6( \%?$Bf$)@:-6( @( '/&-/( &4%)+&.'*/&.F( V35_^&,/&

%4-64( ^&2B42)@&2)( ,3( P:$2)'*/M( )$-/,*3( $%)2/( @)$,&.( jJ"K( 0( '53,( )P&-,:( /( +&%'+&*5:@:

%)9@).4=( ''F( SIF

h3,4-653J>9)'53*=( #F( YSKHpZF( <9&*3( @( M/&\-/&( 0( 5&M35( %9&*3=( 655+7[[54+F+)9,3,F+B[4+B)3$'[<9&J

*3uSK@uSKM/&'-/&uSKJuSK@&%'.3uSK),B/,&F+$;=( $)'5_+7( HHFK!FSKHTF

h3%9_P/L'*3=( EF( YSKKIZF( <)B3( +)B'*/-6( $%?2( @)$,:-6( \%?$Bf$)@:-6( @( '/&-/( &4%)+&.'*/&.F( <&@/53B/J 93-.3($%)2/(@)$,&.(Q/'D30R$%3('93,'f($B3(2)'+)$3%*/(%&2/),4=(''F(HpF

h3^$^&@'*3=( UF( YSKKXZF( m%?^,/-)@3,/&( +)9/)M4( 4%P3,/93-./( @( j4%)+/&=( @7( Q'+?D-9&',&( +%)-&':

4%P3,/93-./( /( /-6( '*45*/F( lrUU( 8),@&%'35)%/4M( Q/&$9:( )( A/&\-/&F( <&$F( UF=( h3^$^&@'*3F( Q:$F C,/@&%':5&54( v?$9*/&2)=( v?$n=( ''F( H"p0HIF

8/M/-=( 8F( YSKHSZF( a%/)%:5&5:( +%9:%)$,/-9&( /( '+)D&-9,&( @( %&@/53B/93-./( 5&%&,?@( +)+%9&M:'D)J

@:-6( *)M+B&*'4( jM'-6&%( G3,$'-63;5'+3%*( @( V/&M-9&-6=( #%-6/5&*54%3( 8%3.)P%394( H=( "W0IXF 8)'/L'*/=( QF( YSKKHZF( <9&*3( @( *%3.)P%39/&( M/&.'*/M=( g@7i( #%-6/5&*54%3( *%3.)P%394( 3( +B3,)@3,/&

+%9&'5%9&,,&F( <&$F( 8F( a3@D)@'*3=( 8%3*?@=( ''F( SIp0SWTF

A3-/&.&@'*3=( #F=( E4%&*=( #F( YSKH!ZF( <&@/53B/93-.3( )P'93%?@( +)+%9&M:'D)@:-6( 9&( '9-9&2?B,:M 4@92B_$,/&,/&M( 4@3%4,*)@3L( \%)$)@/'*3( +%9:%)$,/-9&2)7( @:P%3,&( '54$/3( +%9:+3$*?@=

a%)PB&M:( <)9@).4( A/3'5( HHYSZ=( IH0W!F

A34&%=( #F( YSKHpZF( a%9:@%?-&,/&( %9&*/( M/3'54( @( *),5&*\-/&( %&@/53B/93-./( M/3'5( +)+%9&M:'D)@:-6 0( @:P%3,&( +%9:*D3$:=( a%9&'5%9&L( /( `)%M3( HW=( 655+7[[@@@F+/;F945F&$4F+B[+/;JHW+$;[1JKSa/

`HWA34%&%F+$;=( $)'5_+7( S"FKXFSKHTF

A3:=( <F( YSKKTZF( 1),,&-5/t/5:( /,( 4%P3,( %/t&%'F( 1),;B/-5( 3,$( -),t&%2&,-&( P&5@&&,( &-)B)2:( 3,$

$&'/2,F(E&-6,)B)2:(/,(>)-/&5:(SI=(!""0!IIF

(14)

G+,56,#"H**I":(#-(*4*4%F TK

A/&.'*3( a%3-)@,/3( C%P3,/'5:-9,3( @( ]:$2)'9-9:=( 655+7[[@@@FM+4FP:$2)'9-9F+B[=( $)'5_+7 SIFKXFSKHTF

a3,-&@/-9=( #F( YSKHKZF( q%)$)@/'*)( +%9:%)$,/-9&( @( )$,)@/&( *%3.)P%394( +)+%9&M:'D)@&2)=( Q:J

$3@,/-5@)(a)B/5&-6,/*/(qBf'*/&.=(kB/@/-&F

a%)2%3M(<&@/53B/93-./(/(<)9@).4(]:$2)'*/&2)(Q_9D3(Q)$,&2)(YSKK"ZF

a%).&*5( <&4%/'( YSKHHZF( <9&*/( @( M/3'53-6( 0( +%9&'5%9&,/&( +&D,&( ^:-/3=( C%9f$( A/3'53( >545523%5 YQF=(A3/&%=(jF=(]&,$&%Z(/(C,/@&%':5&5(@(G/+'*4(YGF=(]/223ZF

<)BP/&-*/=( <F=( Q).&@?$9*3J8%?B=( 8F( YSKKIZF( A3+3( \%?$Bf$)@:-6( $%?2( @)$,:-6F( e/32,)93( '53,4 /( M)^B/@)\-/( @:*)%9:'53,/3( \%?$Bf$)@&2)( 5%3,'+)%54( @)$,&2)( @( a)B'-&=( >)+)5=( 655+7[[$)-J +B3:&%F+B[SWX!"WXJ8%:'5:,3J@).&@)$9*3J*%)BJ%:'93%$J%)BP/&-*/F65MB=( $)'5_+7( pFKXFSKHTF

<9&*/( @( M/3'53-6( 0( +%9&'5%9&,/&( +&D,&( ^:-/3F( a)$%_-9,/*( +%).&*54( <jC<U>=( 655+7[[%&4%/'J;F2/2F&4[

$)@,B)3$'[<jC<U>a)$%&-9,/*F+$;=( $)'5_+7( SIFKXFSKHTF

>3B;)%$( 1/5:( 1)4,-/B=( @@@F'3B;)%$F2)tF4*=( $)'5_+7( S!FKTFSKHTF

>&%-&( Q3B&,-./=( m/&B&L( A/&.'*3( YSKHSZ=( ,%( S=( &J-9:5&B,/3F( 3P%:'F+B=( 655+7[[&J-9:5&B,/3F3P%:'F+B[

9/&B&,JM/&.'*3[SKHSJSJXWp[+3%*/J/J)2%)$:JTTWH['&%-&J@3B&,-./JH!H!S=( $)'5_+7( S!FKTFSKHTF

>9@&$=( hF( YSKHHZF( Q'+?D-9&',3( %)B3( P4B@3%?@( @( M/&\-/&=( a%9&'5%9&L( /( `)%M3( HT=( 655+7[[@@@F+/;F 945F&$4F+B[+/;JHT+$;[1JK">9@&$F+$;=( $)'5_+7( pFKXFSKHTF

>9:M3L'*3=( eF=( 8)%)B*)=( AF( YSKHXZF( U,5&B/2&,5,&( M/3'53( 0( /$&3=( *),-&+-.&( /( @$%)^&,/3=( Q:$3@J ,/-5@)( V34*)@&( CA8=( ''F( TWF

qBf'*/=( 8F( YHWTWZF( Gf$)@&( '9B3*/( 63,$B)@&( a)M)%93( @( lU0lUUU( @F=( g@7i( m3+/'*/( 6/'5)%:-9,&

EVE( lllUr=( p=( ''F( SW0!!F

E6&( Q)%B$( G&/'4%&( U,5&%,35/),3B( U,,)t35/),( a%/9&( SKHS( $B3( ]:$2)'9-9:€( ]:$2)'9-9( M/3'5)=

655+7[[@@@FP:$2)'9-9F+B[M/3'5)[3*543B,)'-/[3*543B,)'-/JSKHSJ+39$9/&%,/*J2%4$9/&,[E6&Q)%B$

G&/'4%&U,5&%,35/),3BU,,)t35/),a%/9&SKHS$B3]:$2)'9-9:F3'+w=( $)'5_+7( S"FKXFSKHTF C-6@3D3( ,%( G["XT[KW( <3$:( A/3'53( ]:$2)'9-9:( 9( HX( B/+-3( SKKW( %F( @( '+%3@/&( >54$/4M( 4@3%4,*)J

@3L( /( */&%4,*?@( 932)'+)$3%)@3,/3( +%9&'5%9&,,&2)( M/3'53( ]:$2)'9-9:F

C-6@3D3( <3$:( A/3'53( ]:$2)'9-9:( ,%( lGrUUU[HK!X[Hp( 9( S"( B/'5)+3$3( SKHp( %F( @( '+%3@/&( >5%35&2//

%)9@).4( ]:$2)'9-9:( $)( SKpK( %F

C-6@3D3( <3$:( A/3'53( ]:$2)'9-9:( ,%( GllUr[H!SK[KX( 9( SX( +3n$9/&%,/*3( SKKT( %F( @( '+%3@/&

a%)2%3M4(%&@/53B/93-./(/(%)9@).4(]:$2)'*/&2)(Q_9D3(Q)$,&2)F

C'53@3( 9( $,/3( S"( *@/&5,/3( SKKH( %F( a%3@)( )-6%),:( \%)$)@/'*3F* e9FCF* SKKH( ,%( TS( +)9F( TS"F C'53@3( 9( W( +3n$9/&%,/*3( SKHX( %F( )( %&@/53B/93-./F( e9FCF( SKHX( +)9F( H"""F

Q_-D3@)@/-9J]/B'*3=( jF( YSKHHZF( 8/&%4,*/( @'+?D-9&',&2)( %)9@).4( +%9&'5%9&,,&2)( M/3'5( &4%)+&.J '*/-6=( #%-6/5&*54%3( HS=( HX!0HXXF

Q%)L'*/=( >F( YSKHHZF( a%)2%3M( %&@/53B/93-./( /( %)9@).4( ]:$2)'*/&2)( Q_9D3( Q)$,&2)=( A/&.'*3( a%3J -)@,/3( C%P3,/'5:-9,3( @( ]:$2)'9-9:=( 655+7[[@@@F-9:'53P:$2)'9-9F+B[4+B)3$[;/B&["pWF+$;=

$)'5_+7( SIFKXFSKHTF

m3%9f$( e%?2( A/&.'*/-6( /( 8)M4,/*3-./( a4PB/-9,&.( @( ]:$2)'9-9:=( 655+7[[@@@F9$M/*+FP:$J 2)'9-9F+B[/,$&wF+6+[+B[B/,/&J54%:'5:-9,&[HTIHJP:$2)'*/J5%3M@3.J@)$,:=( $)'5_+7( SIFKXFSKHTF

#^$*!"#$%#3(.*"`*+3a$+5*(5*#^$*$.$/$%#*"`*#^$*8(.(%&$7 7$a$."!/$%#*6*#^$*$b(/!.$*"`*8479"5,&,*&3#4

5JSSF;YB( E6&( 3/M( );( 56/'( 3%5/-B&( /'( 5)( 3,3B:9&( 56&( +)5&,5/3B( );( 56&( %/t&%'( 3,$( /5'( 4'&( /, 56&( -),5&w5( );( 4%P3,( +)B/-:( /,( ]:$2)'9-9F( U,( 56/'( %&'&3%-6( @3'( 3,3B:9&$( 56&( /,;B4&,-&( );

%/t&%'( 5)( 3( $&t&B)+M&,5( );( ]:$2)'9-9( -/5:( 3,$( -3+3P/B/5/&'( );( 4'&( 56&( 5%3,'+)%5/-( 3,$

56&( ')-/3BJ&-),)M/-( +)5&,5/3B( );( %/t&%'F( ]:$2)'9-9( -/5:( /'( B)-35&$( ,&3%( 56&( Q/'D3( 3,$

(15)

!"#$%&'()*+,$-*'(-"*$.$/$%#*,+01%"1(2"%$'*3".4#5-4*/4$'6-4$'*7*3+,5-)(8*958:"6,&,5 TH ]%$3( %/t&%'( 3,$( 3B')( 35( 56&( @35&%-)4%'&'7( 83,3D( ]:$2)'*/( 3,$( `B/'( a?D,)-,:( 0( 56&( B&,256 );( 3BB( /'( 3P)45( HKK( */B)M&5&%'F( </t&%'( @/56( 56&/%( @35&%'/$&'( 3%&( 3-543BB:( 3%&3'( @/56 3( %&t/53B/935/),'( +%)2%3M'=( @6/-6( 63t&( 5)( /M+%)t&M&,5( 56&/%( ;4,-5/),3B/5:( /,( 3,( 4%P3, 3 % & 3 F ( < / t & % ' ( P & - ) M & ( 3 , ( ) P . & - 5 ( ) ; ( / , 5 & % & ' 5 ( ) ; ( / , 6 3 P / 5 3 , 5 ' = ( 5 ) 4 % / ' 5 ' ( 3 , $ ( / , t & ' 5 ) % ' F

<&,)t35/),( );( @35&%;%),5'( /'( 3,( /M+)%53,5( &B&M&,5( );( 4%P3,( +)B/-:=( -)M+35/PB&( @/56( 56&

/$&3( );( 56&( P3B3,-&$( $&t&B)+M&,5( );( -/5/&'=( %&t/53B/935/),( )%( &t&,( 3-5/t/5/&'( -)M+35/PB&

@/56( 3,( /$&3( );( 'M3%5( -/5:F

-<YGED;Q=K%/t&%=( -/5:=( '4'53/,3PB&( $&t&B)+M&,5=( %&t/53B/935/),=( 'M3%5( -/5:=( 5)4%/'M

m33*-&+5)@3,)( $)( $%4*4( 0( #--&+5&$( ;)%( +%/,57( SXFKXFSKHT e)( -:5)@3,/3( 0( `)%( -/535/),7

<)235*3=(8F=(8&M+3=(#F=(>4%M3-&@/-9=(AF(YSKHTZF(a)5&,-.3D(%9&*(.3*)(&B&M&,5(9%?@,)@3J

^),&.( +)B/5:*/( M/&.'*/&.( 0( +%9:*D3$( ]:$2)'9-9:=( #-53( >-/F( a)BF( #$M/,/'5%35/)( G)-)%4M HXYSZ=(!"0THF

Cytaty

Powiązane dokumenty

By efektem badania wymagań i zasobów było nie tylko poprawienie ja- kości pracy, ale także umocnienie pozycji pracowników w organizacji, konieczne są trzy końcowe

To podstawienie prowadzi raz jeszcze do formuły cogito” (s. Tak w najogólniejszym zarysie przedstawia się koncepcja Kołodziejczyka. Jej krytykę chciałbym rozpocząć od pytania,

Ale tak jak obecnos´c´ tej miłos´ci moz˙e prowadzic´ do najwie˛kszego rozkwi- tu ludzkiego z˙ycia, tak jej nieobecnos´c´ lub zniekształcenie moz˙e prowadzic´ do

Przedstawianie tych tragicznych wydarzeń jako rozgrywających się wyłącznie na tym najsławniejszym placu Chin, i to tylko jako rozstrzeliwanie tam, czy miażdżenie czołgami,

The main treatment profiles for this spa are: orthope- dic and traumatic diseases, diseases of the nervous system, rheumatology, cardiology and hypertension, diseases of the

The authors of the plan declare that the exploration of prospective areas of copper and silver resources, registration of new Cu-Ag deposits and their mineral extraction constitute

Wektor parametrów Sygnał mowy (fragmenty) Widmo sygnału Prążki widma (tyle ile pasm filtru mel) Logarytmy energii poszczególnych pasm Amplitudy otrzymanego „widma”

A non-exercising, control group (76.9±9.3 kg) showed very similar mean scores in handgrip strength and visuo-motor abilities during both examinations, therefore those data