( 3,
YYYYYY ‘ g 'Yv *YY *Y*Y **Y* Y
O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghgo^ee^l*
) )Y*Yv))) )))))) ((()()((() ) ) ))))Y))))))))
k J* Ch_e#f*' ] gJe iZl k =C`i* { $=^eemaZf ] Chhd\e# x B^e ^e#ZieZgmf#DD_-E#%jeeb' 7XD#Ziigb ]^ \^ ghf' hgm lbfie^)
>$ Dg^gm bg]bjn\ c^ `^gk^ Nie-^gh`rg\7 HJeeme^Z ZiareeZ x Cb^khee*' \m ghg iZl x =C`i* { jeeb hgm l^ne^Eee^ebmbg]bjee\ k e^ `#^e e#^Jlr]Z]eel Hb^kl7 Crih\aZ^e#bl mZkZlZ\h]^l F^p x Dg]^l' ^mghg iZl x =D)E`#i*{ jnb hgm bg]bjn\ \hff^ k^g) k mkZgm]Zgl e^ `^gk^ DDrih\ep^kbl ]^nl ^li•\^l ]b_e#\e#$%gm^l' x -#7W\e-rkhiahe#eDlmZe#ZlZ\h$ Kl^me^ N^e#bheZmZkZlZ\h]^l* \$Ghkljee#hee Z 7WDEDeaeb^k---- ghf gJDeT^Zg' \\ ]^kgb^k ]hbm k Šmk^\7n#Z\m\ve#bl‰>Je--e-e^ m^e*>^mm\ \hg]bmbhg l\kZ e#^fieb^ ! ]^ eZ _Z‡hg eZ ienl \eZbk$v^g _ZblZgm lnbg#\ eZ ]\ghfbgZ) >$mbheeghnr^ee^ ]^ eZ \bmZmbneD]^ D#Znm^gkjnb igaeb\' Zr^\ eZ ! f^gebhee Ze%_#$v`#\#v^]^ eZ DeZmeee#>]n ghnr^Zn ghf* KZe#^l*'
k fl\*' `^g* ghW#*' li^\z* ghW#*'rZez* --,W#*' ghf* li* k^g* k $DeJeee^g li^\b_b\neee e#^ghrZenf%' gnf* lnal * $ghf^g k lnalmbmnmn-ee#-*TJ>* D JW#*$Th\Zee%$v--DDJTP-ee%']^ghf* DDJT*
k $]^eehfbgZmbh --,W#''W DE*\hfa* $eehrZ \#hebeabeeZmbh%'fZbl x DDPDDK#%N--* g* $DDPDD%$#-DDDJTPeg%iZ !$#>j ebe#g* DE*m#l ]\#zcee x ^eb DDlZ`#^ ihnk ghf^ee gn]nbeb* >^l ZefWrbZmbheel g^ \$ ]hb r^g D iZl Šmk^ k\i^e^^l ]Zeel ]^l hn WOZ`^l nem\kb^nkl' ! fZbl ]^ ik‰_‰e#^e \^k^fieZ\\^l iZe# eZ ]Zm^ ]^ eZ ik^fbˆk^ x in aeb^Zebhe ' Z_be ]^ ik\r^gbe# ]^l ^EO^nE#l*{ #+) C)' >h]^l ^f^g]* lniie*' Zkm*04' Cef* -4$4%*
7WRD#*@ 04* \$ >beZmb$%X%]#Znm^nE#^lZ^m\* -x GZ $6bmZmbhee]#Zn) k m^nk ‰jgbgpm Zn D#$zgrhbD' nee^ Keeaeb^Zmbhg7]D^ eZ k^f) x ieZgv ^g ŽmZaebllZeemlZ ]Zm^ ]^ ikbhe#beŽ* >$.-- ?^l \epg`)^f^gel ]^ ln__bl$#l hn ]^ ik•_bl^l ]Zgl e^l x ghfl ]^ `e#hn i^l NeeiŽkb^eeb#lg#Zeemhkbl\gmiZl bG ZaZg]hgg\E# k eZ ^~mZmbhg]^ e#Znm^nkDDD#bfbeb_]n c#D#JDeD%$v#
x 6-y,, ^g ^lm ]\ gC#eg^ iJeDD#D\#l #"+D#D#>#>DbJeel hkeah`kZ) x iabjee^l* KZk \#l* $Ee^]bmlbZG* *0**+%^JD#e#*Ne#Ji* -3339Be^) x ]bml\abZ N\hi*' >Zka^gb ^e*V$Zk peeb<]* -3$c6->JeO* =X)D`#i* x -436-))#6>ZE#[\eebZ<]* $^ ghmE iZl>ZE#[^gbZ DCD`#i*'e^ljn^el x kbm^g ^nl)fˆf^l <\ *%' KeZehlmhfZ=\ZeeW#*^h -#-#*=m[* 9 KeZ) x mrlmhfZ =iZnW#*$\#e ghg iZl =me-*%'@qh\ZE#ihl GZa* RDO* k K^kl* 9 @NJ>CE#KPNGZa* $] PJD XeZlK^E#l*%* \$0-- G^l ^bmZmbheel]#Ze m^nE#N_e#Zii‰l]^ iE#e#l\kbimbhee$TJu* Zk * k YOA-3 PW`4>h]* fZe* v A$]hbW#\#nm\Wmk^ieZ\Žil $#--l^\hee]^ eb`#g\ k ^JeeEf^ ]^l lrnheeuf^l' hn hfbl^l* KZk ^l* @D#rg`bnf G*
k xOhnE#g*{' x >JE#beeeE-7 x k4,1 Z$ 9 J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* )))))))))))) YYYYYY nvY* Y )))))))))))))))))*)))))))))))) Oe#Z]n\mbhg ]n kZiihkm^gk NPe#e^ m^qm^Zee^fZg\e* GZ ]bl) ihlbmbhg ]^ -#Zebg‰Z- ^lm \hgmkZbk^ n D#Zkm*/3) @ee^ Zeme#b) [ne# „ ng Znm^nk ng^ ghf^g\eZmnk^ „ eZjn^ee^ ^lm ZmeZ\a• ng l^gl li•^bZe' jn#bX n#Z iZl ^fiehr‰^' ^e 8tn#bXZ i^nm)Hk\ fŠf^ rhnXn g^ ibeN^fiehr^k* >^em\ D#‰]Z^mbhg^eeekZe--\ ]hg\ D@ Zf\g]^ge>gm „ D#Zkm*04* ) H[ c\YO[a OSSS]aS YS` O(W& [rO` /' aW%1 #QSRS_[WS_ OcSS OZS[RSZS[a RS RraOWY$4b[ `SSDY(#Xc\YO[a OQQS]YSY"OYW[rO/' ) 4.) )v))Y ))Y)v)v)Y*Y)))))v))))))))))))))))))))))))))Y )))Y)))))))))))))))))))))))))))) O^qm^]^l Ghbl ]^ -423* eQDhmbhglghno^e-^l* ))))))v)) )))))) )) ) )))) (('((((((((( _ch k G^l `7kZiab^l ]bo^kl^l ]#ng gJCe `^gm!#ejn^ g#Znmh) $$k#bl^gmiZl bmfh]b_b$#! eZ \beZmbhn ]^ D#Znm^ne#XEk#bfbebe#hn bm $$^k‰^e#]^l ]b_e#‰X#$#g\$#l]^ XEe#bhk#bm‰*m $,* F*' >h]^q fZmnkeel' v61 P&k 1 ?@+ #"#j -. #=&v61 \'_^m Z&Zgg* D`$/%* $>h]^ Zf‰k*' KZkD*\A\'-+' Zke* O' i* XE*'Zebeb*-$,0%* !W-W#X#*C 04* Khnk $#ee#^^qZ\m ^m\hfie^m ]beDDND#bg]b\Zmbhg]be ghf ,-- ]$'l gJEeeN]#nbe `OkEmei^jn^e\hgjn\' bE_Zeem\bm^kD#Zn) e^ne# jnb Z inX%eb‰e^ ie#^fb^e# e^ ghf ,-- XZ \Jeg[bgZblhg ]^ g$%XX%l$ $]‰lb`#gZmbheeabnhfbg7m $# ]$# D#\liˆ\^ leeboZgmD#Ze#mb\e$# x +%.$ m ]hgm bXl#Z`b m* $Nh\* [hm* Ak*' Zk-*-'4' Zggh V$,0%* !W-W#-#*A[Y0( Khnk Šmk\ ^qZ^- \m \hfie^m ]Zgl e#bg]b\ZmbhC ]n Chf ,-- ]^l gJegl ]#eDE `e#hni^ jn^D^Je6jn^' be _Znm \bm^kD#Zne^nkjgb Z KeV[eb‰ASik^fb$#-# E^ ghf hn eZ \hf[b) gZblhg ]^ gJEeeN]hgm be l#Z`bm' k Zbeelb jn^ e#hnW#D#Z`#^]Zgl x e^jn^e beZ kZbm\\C\ inaeb\Zmbhg* %% $Chnr' 7W-#-*04' 'Pbe * V$Eh0%* k mbjn^l lhb\ge fh]b_b•l' D\ ghf ]^ D#Zne^nk g^ ^aZg`#\ iZl* k 6#DeZblehkljn^' iZe# e-g^ Zn`f^gmZmbhg hn gee^ ]bkgbgnmbheE k ]Zgl e^ ghkge%c#$v]^l ^liˆ\^l' e^l ^Ze#Z^mˆk\l ]bZ`#EEhlmbjn^l k ]g `#^ge#^ lhgm kgh]b_b‰l' E#Zebe^PD#]\ eZ fh]b_b\Zmbhg ]hbm x Šmk^\bm‰^hff^ Cemm\PD#men`#^DEe#$v*M;e' >e#hehg $G*^DeE^g]*% W$H•eD* ‘vCO* : 05* Pg \aZg`^f^gm ]^ \ZkZ^mˆe#^l\hglmbmnmb_#lhn ]^ \cg6heel\kbimbhg ]Zgl ng `khni\ g#Znehkbl^ iZl bm\bm^k DDg Znmk^ '-De-$vnk#j n\ \^+nb ZrZg min [eb• e^ ik^fb\k X^ghf Jee eZ $#hf abgZblhg ]$# gJb=N* 3- J[l^koZmbhgl ]n kZiihkm^nk* O‰qm^k^\hffZg]‰ iZk eZ >hffbllbhg* G^ ]^nqbˆkg^ Zebg‰ZKD#hihl‰iZk e^l [hmZgblm^l ]^ bWEhl\hn l\ kZiihkm^ „ D#Zkm*1- jgb mD#Zbm^]^ eZ \bmZmbhee]^l Znm^nkl ]Zgl D\ \Zl ]^l ‰A#hgi^l ]‰ieZ\‰l7 ghnl D#Zrhgl _Zbm_b`#nk^k „ \^m ^g]khbm $Zkm*)b 1-%* ) =SWYSZ\aW\[ O \P aS[O YH?S IDYK' OkZ]n\mbhg ]n kZiihkm^nk NPe# D\ m^qm^Zg`#eZbl* GZ _bg ]^ eZ cee#hihlbmbhee]^l Znm^nkl Zf‰kb\Zbgl l^ kZiihkm\ „ D#Zkm*1.' JeW ]b^ ^lm ieZ\‰^ iZk D\ kZiihkm^nk* ) =SaaS G@Y\aW\[O \BS(>Y b[S c\W3e3' =SaaSZ\aW\[ O \PaS[b RSb'G c\W3M4% GZ _bg ]^ eZ ikhihlbmbhg Mhnr >Jebef^eeW7ZgmiZk e^l fhml6 k @g iZkmb\neb^k' ^m^*%^lm k^gohr‰^ „ e#Zkm*? 0`* ) =SaaS Z\aW\[ O \PaSYYYW0 b\We4 O[ QW[^bWq[d b\aO[a Q\ZPY(H YS` Z\a` UYYWYYSZSar`OcS_3aO_a' >' -1' OkZ]n\mbhg ]n kZiihkm^nk NPe#e^ m^qm^Zee^fZg] * ) =SaaS Y??\aW\[Y?"O]O` \PaS[YYRS c\W'G' -5 ) 4/) O^qm^]^l Ghbl ]^ -423* eQDhmbhglgJeeo^ee^l* )Y*v)v*Y))Y*Y))))))))))) LfPe] e^l \aZg`#$6f\gml JEe- $vm‰\JEelb]•kZ[e^l' hg Zchn --# bmEZ \beZmbhg ]^ E#Zeem^eekikbfbmbe#6 x ^g-*' hn %ufbem* \aZe#! ,-- ie#J iZ]^' ,-- ^q\e* `^g! ^q \e* li*' ^q\e* W'--#*' hn e^Ee^ Znmk^ bg]b$#ZebhgZ[k2`$!^* k G#^fiEhb ]n fheDDhg g#^leeb\be\ k ]ZeEl \^ >MNjee> -,,#Njee> e^l $WE‰f^gelNPD#e$#ljee\el--#`khni\ k Z ikbfbmb!\DDC#ge$#D‰[Zl$# hgm2m$'‰ebfbee$#l$`#^Ee^kZk\rheneZ' k li$#\b$#l ^ke#JEe$#b-$#ie#$v\‰]‰l]#ng; ]\rZeem eZ \bmZmbhg]#Zee) k m^be-#%'#hn -,-#ljee#be l#Z`6be]^ l‰iZk$#ke^l \beZebhgl ]#Znm^nkl $b ]^ ]^eeq ahfhggg^l* G^l Z[gWrbZebhgl --* \* hn ghf* $#,-#-#* k $cMfZbl ^f*v% ]hbr^gm ˆmk^ \fiehr$W$#l iJeb A"]‰lb`#e-^D#]^l k DEJDeeN\Je#e#b`‰l*m #+)F*' >h]^q ^f^g$G* Zkm* ,V$' Zeee-*]#e`/%* ]^ €k\hgl\kbiebhg ]Zgl eDEA`#kheei\ g#Znehkbl^gm iZl k „ k\c^) b$ m^keZ \beZmbhg]#Zgm^nk eZ ienl Zg\b^gg^ ^mbmenb ^ge^r^k eZ k ik^fbiE#^ ieZ\$# Zie#ˆl E^ Chf ]n `khni^' i* ^q* 6 KarEEZg) k manl G* j6a ZfiG eDen^eE*Zk`#* $^mghg iZl KarEeZgeanl k Hn] * Zk`#* -422%7 k ^q^e* v k x f^gm ‰m‰Dfl‰ hge ‰m‰‰ebfbee‰li$ jn^ e^ ghf `)‰g‰kbjn^ x ^lm Ziiebjn‰ „ \e#Znek^l ^liˆ^^l $`# #gnl D#^rhenmfn%' hg ]hbm x \bm^k e^ ghf ]n k‰_he#fZe^nk ^m ghg iZl \^enb ]^ D#Znm^nk x D%D#bfbmbe#8-n ghf vW'•g‰kbjg^'i' ^q* AnlZgnl =C`i* -446v k $M' =D#*X4-, x G* % l^] ghg G*%8 HbkeZ <* >PDeE *-4/47 k <`#*f^cZ 7Wen^ee*Zk`#* e4B2 $Q^gm* -4,, li* $#eO*'ghg G*% k 8 ?biehfhkiaZ BD#b__*-410* Jn i^ne Znllb •^kbk^ AnlZgnl x =C`#i* k M' ?k* %%'<`ug^cZ EWDn^Ee*Mk`* k Q^gm* %' hn k ^g^Je# ' AnlZgnl li* ^X#E#*C* Dd! <`'Wg^cZ li* ^e#e#*Q^gm*' k ^m\* {% #+) C)' >h]^q fZmnknl' 'v ), R"^e S%beeeeGD`$/%* $b m^nk' be_Znm\bm^k e^ [hmZgblm^jnb e^ ik^fb^e# Z [b^g ie#‰\bl‰ x D#^liˆ\^ „ eZjn^ee^ l#Ziiebjn^ D\ ghf* @q^fie^ 6 Khm^gmbeeZ x o^kgZ $G* ikh iZkm^%Cn]l7 @niahe#abZ KZkZebZl$G*^f^g]*% x Cn]l' m $Mhn%#'Zkm*04' Zggh -5,0%* J[l^koZmbhgl 0; kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* )))v)))))))))))))))))))))) )))v))))v)v)))) )))))))))))))))))))) OkZ]n\mbhg$ZnZie‰^%]n fiihke^ne! NPe# D\m^qm^Z e^fZg]* & =SWYSZ\aW\[ O \PaS[b O[S H\W'G%\YH?RSYY3'Qg"qZSc\aO[a ["ORZSa YO ]Y"\]\`WaW\[ ^(Y"OcSQRS` OZS[RSZS[a` RS RraOWY' KeZ\‰^iZk 66W-*Mhn%#„ D#Zkm*04' m^P^ ie#^l\e!bimbhg]hbm' ]#Zikˆl eZ_hkf^ ]^l ^q\f iD^l ]hgg‰l' Šmk^ieneŽe Zmekb[n‰\„ D#Zkm*05' Jem \ee^ \hglmben^ ng \Zl iZkeb\neb^kZnq ^liˆ\\l ]^ eZfhmbhg 66Webbee\k AO %'rROQaW\[]%'WZWaWcS#Y \PaQZY cXc\W4 3' vvvvvvvvvvvvv))vvvv)vv))v)))vvvvvvvvvvvv))vvv)vvv )v)))))Y*Y))v O^qm^]^l Ghbl ]^ -423* eW#Dhmbhglghno^ee^l* 'W-W#-#*< 1,* x GJe#ljn#nn nhf bg‰]bmZ ‰m‰inaeb‰ ^g D#Zmmkb) k [nZgm „ lhg Zne^en#' e^l i\klhgn\l jnb m^Pe\gmchng\ge ienl k mZk] ]hbW#$vgmZchnm^k D^ ghf ]^ \^e gb jnb Z inaeb‰' ^q^f) x ie^ 6 G^imh\gnebl eWn#p]X bg ?>' ) $aZebl ebg^Zeg Bbeeb^l $$bg Chhd\m'* m $<* ?>*' IJDDW#*M^f*' i* 3.' Zkm*1,' Zef* -44/%* k 7pgge X^ ehf ]^ D#Zgm^eek\bm‰]#gikˆl ng fZnnl\kbm* >K k ]^e#nb^k --,--- ihnkkZ Šmk\ hfbl' K*^q' 6 GZf* x >hfne* {' k ?>* x >JgeDee*{' Dabeb* k #-#ahnZkl{' LnboblbZ *Enll* x k >hfn-* { -345 8 k Lnbe#blbZ *Dnll* 8 k mZk] ]hbT>v emZcheem^mD\ ghf ]^ \\Enb $enb Z in[eb‰* @q* 6 k >ZiiZkbl eZlbZgmaZ C' =m'* ^q ?>' 7 ChlZ _kZ`#bWkbb_hebZ k N^k* bg ?>*{ $Bkhni^ [^X`h)lnbll^' gke* 1,' Zggh - %,07 Nh\* ahe* Ak*' Zkm*1,' Zm ee*-5$0%* f^ge hi8!m#‰‰jnbrZnm 6"d eZ \k‰ZmbnDD]#ng gJPr^'We- `#e#hni^ \m D#Znm^nk„ \bm^kilm ^^enb jnb Z _ZbmY\"\aZgv#^f^e-m* `Ohni^ jnb ]^e#b^eee ]#eDg hk]k^ )7)bg_€kb^gk 6"d \> 8Vn#be‰mZbm ZniZkZoZge' e^ \aZg`^f^gm hi€k‰ €jnboZnm † eZ \k‰Zmbhg ]#ng ghnr\#Zn `#m#hni^^e D#Znm^ne#„ ^bm^k^lm \^Xnb jnb Z _Zbm D\ \aZg`^f^gm* x LnZg]' iZk \JDeme#^'PDe`khni^ ^lm •e^o‰' k e#Znm^ne# ]be `khni^ ie#bfbmb_ ]nbm Šmk^ \bm‰l^ne' ^g k _ZblZgm ik€\€\e^D# lhg Dehf ]n lb`g^ $v%7 D#Znm^nk$enb Z k ‰X^r€D\ `Ohni^ g^ i^nm Šmk^\bm‰8Vn#^gl^\hg]^ Xb`#g^' † eZ x lnbm^ ]n ik‰\‰]^gm*m #+) F*' C^r* D i* GSSS' Zkm*1-' ZgmD*c4v%e7 G) A;' >h]^q ^f^g]' Zkm*1-' Zgg' -45/%* J[l^koZmbhgl ]g kZiihkm^gk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhee* 9SaaS ?"rROQaW\YY'9Y\PaS[O RSO'Gc\We' OkZ]n\mbhg ]Pe#Ziihkm^nk NPe#e^ m^qe^Zee^fZg]* ) 9SaaS ((Y\aW\[ ["O]O` \PaS[O RS c\(e' 9SWaS?"rROQaW\[O \PaS[b D$cc\W4e3'AS` ?"rROQaW\[`RS` 'W*'mO*> 1,* $$Ghkljn#ng +ehf bg‰]bmZ ‰m‰in[eb‰ ^g e#ZmeDzb) OY"a'0+ Sa 7 0+ ^OW\[a \PaS[O 4 b\We ["S[ Q\[`aWabS[a k eEeeZnmbDlhg Znm\nk' e^l i^klhgg^l jnb D\ f^gmbhgn^eem ienl ObT\[R ^[S RS` cO_WO[aS`]S[ WZ]\Y"aO[aS`' k eZge ]hbW!\nmZchnm^k D\ DeJf ]^ \^enb jnb Z in[eb‰* @q* 6 x$ >ZiiZkbl eZlbZeemaZ I) -/-#* ^q ?>*7 ChlZ _kZ`Zkbb_hebZ x$ N^k*bg ?>* m ( Cˆ`#e\ * G#Ze#mb\e^1' ]^l Ghbl ! hgeel ]^ ODe\nmbhgn^kD\ \Zl ek[ 'WMO* 1e* Ghkljn#neO nhf \*W6blmZgm^lmZiiebjn‰7#' ---- `e!JeeEe^ _k‰jn^gm ]n mkZeOl_^km\D#ng `kheei^ ]Zgl AebEZnmk^ `O>EeDi^' k jnb \lm me#Zeelihke‰]Zgl ng Znee#\ ^g%# \hgl^kW!Zge ASfŠeee^ lZgl \aZg`#^f\gm ]^ D#Zn` $i* ^q* e^ mkZnl_\km]#eeee^ ^liˆ^^ k kZee`' hn „ DeDe`e!Jni^ m jgb ]^ezc^gm ]#he#]k^ lni‰kb^ne# Je# ]#gn `^gk^ ]Zgl nn Znmk^%*>^m hnaeb $ZgZeh`•C#' fZbl ^n bn_evkb\ne#V \^ jn#be ‰eZcmZniZk6-W!Zeem'e^ \aZeel#\DDe\gmhi•e#‰ l^gl bgW!\kl^ b' ^^egb jnb ^lm lb`eeZe‰bm D#Zkm*$%6v%i^nm Šmk^ •jPbe#Ce-e „ eZ \k•ZmbheX]#DDEDeDJPW!8#8DP`)khni\ ^e -#7eDee\Pe#7#' _Z^be^f^gm \hfae‰ iZk X#7nechee\mbhg^b)\hgmk^ jn^ D\ kZiihk) \be^k ^lm \^enb jnb Z _ZbmD\ \aZgl#\f\eEG x D+Zn$^nk ie#bfbeb_ m^nk Z bgmkh]nbm^' \n W!DR]^ eZ \hfiZkZblhg ZW!^\e^l ie!JiJ) eD^ i^ne* Šek^ \b-8Njn#^g iZk^nma^l\ $^q* 6 HZmmabheZDe#bl) lbmbhgl \ebW!^k`)^gm^l*) 9SaaS ?"rROQaW\[O \PaSYY'b3 c\We' bl $G*%M* Ck*%{%*) Cˆ`e\* @jS`VOWac\aO[a` RS Y"OY"a'a .* Y"OR\]aS[a OcSQY"ORRWaW\YY' RS YO]VY"O`S ?"SYOaWbSOb4e3]OY"SYY'aVq`S`'@Y`"f OX\baS YS` a(!\W`b\aO[a` RS Y"O_a'*(23+( G\aOY3 +0 c\W3_' _Y%c\aO[a` RSZO[RS[aY"b`OfS \PYWfOa\WY"SRS YO]OY"S[aVq`S#OY"a'>' = Sa I. =$(?%c\aO[a` ?"S]\b``S[a Ob Q\[aY"OW_Sa\ba SZ]Y\W RS ]OY"S[aVq`S`' OkZ]g\mbhg ]n kZiihke^nk NPe#E^ m^qm\ ZeD\fZn]* >^em\ ikhihlbmbhg ^lm ^g \hgmkZ\eb\ bhg ZW!\\ e#Zke*[>0& iZk\\ jn#\ee^ Zmmkb[ee^bm ng DeJf N#‰g‰kbjn^eZ \bmZ$bhg \Dm6D#Zgm^nk]#ng^ l\\mbhg* k^g]Zgm _Z\nemZmbW!\l>e]^f^gm D#Zeekbefmbhg^qZ\m^ ]n lz^g#k^DE*D#Zne^nkjnb D#Z_Zbm*>^\b 3vgmkZb+e^kZbmng Zf^g) ]^f^gm „ D#Zkm*ai1' & 9SaaS Z\aW\[ ["O ]O` \PaS[O RS CC=J( OkZ]n\mbhee ]n kZiihkm\nk NPe#e^ m^qm^]Zeehbl* ) 9SaaS Z\aW\[ O \PaS[b YHWShhb7k* ) 41) O^qm^]^l Ghbl ]^ -423* eQDhmbhglghno^ee^l* k ^g iZk^gmaˆl^ ^e*lnbob ]n gZf ]^ D#Zne^nk]n \aZg`^f^gm t$ ]^ `^gk^ lZgl iZk^gmaˆl^* k Ghkljn#ng^ oZkb‰m‰^lm ‰e^o‰^Zn kZg`# ]#^liˆ^^' eZ ^bmZ) '$ mbhee^e#Znm^nkl ]hbm Šmk^^__^^mn‰^^hff^ lnbe 6!' $< oZk'% x -/*' \^ jnb lb`gb_b^ jn^ < Z ]‰^kbmeeee>oZkb‰m‰'eZjn^ee^ Z t$‰e‰‰e^o‰^Zn kZg` ]#^liˆ\^ iZk -/ ViZk ^q* KkbfneZ t$ Z^Znebl $Gbgg' oZk*%*EZ^j*X*Ghkljn#ng^ ^liˆ^^ ^lm k‰^enbm^ k Zn kZg` ]^ oZkb‰m‰'eZ ^bmZmbhg^e#Znm^nkl^ _^kZ ]#ng^ $$_Z‡hg ZgZeh`#n^' ^g ZchnmZgme#Z[k‰obZmbhee$$li* %%Zn ghf t$ ]^ D#Znm^nkikbfbmb_ ^m ^ee iZk^gmaˆl^' iZk ^q* Cb^kZ\bnf t$ fnkhknf G* oZk* khmng]ZmZ $FbmZb[*li*% Ak* k G^ ghf ^bm‰^g iZk^g maˆl^ g^ ]hbm cZfZbl Šmk^ hn[eb‰' ##V fhbgl eD!^ -#,-- g^ _Zll^ Zn^nee^ ^bmZmbhg]#Znm^nk* %% $AhkaZg]e* Fcf[^ee*' i* .0/' Zkm*/' ZkeDe*k45.%* $$\b)]^llnl rbl‰l' ^ehbm_hgkgbk nee^ ^bmZmbhg^hfieˆm^* $Z $=hm*NbbDeld*Nmh\da* Zk * /' ZeeeE*-45/%* k ]nghnr^Zn [bghf^' x$ li‰^b_bjn^' fŠf^ ^g ieZ‡Zgm e#^liˆ^^ ]Zgl --DEZnmk^ `#^gk^' '$ ]hbm mhnchnkl iJeerhbk Šmk^k^\hggn' ^e*lhg ghf _b`eek^kZ $$iZk \hgl‰jn^gm ^g iZk^gmaˆl^ ]^oZDEm^^enb ]^ D#Znm^nk '$ ]eeghnr^Zn [beehkg^* x$ \abjn^ ]^l `khni^l 7 ^^mm^kˆ`e^ l#Ziiebjn^ \ehee^Zbellb Znq k l^^mbheel \m Znq oZkb‰m‰l*%% $Unlk^ms* =^k * C^`*' Zkm*3' ZPDe*-5,.%* ) 41) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* OkZ$en\mbhg ]n kZiihkm^nk NPe# e^ m^qm\ Zn`eZbl* >^C^ k^]Z\mbhg n\ obl^ jn^ D\ \Zl li‰\bZe ]^l ghfl li‰\c_cjn\l' Zehkl jn^ e#Zkm*1 E obl^ mhnl e^l `#D#hni^lh ) 9SaaS ??daW\[ ["O ]O` \PaSYYYYRS b\YO3' OkZ]n\mbhg ]n kZiihkm^nk NPe# D\ m^qm^ ln‰]hbl* >\mm^ e#‰]Z\ebhDEg^ obl^ jn^ D\ \Zl li‰\bZe ]^l ghfl vi‰\c_b$en^l' Zehkl jn^ D#Zke*1X mkZbm^]^ DJeel e^l `OJPi>#N* @g k^W#Zg\a^' ]D^ eb^gm \hfiD^ Znllb [b^g ]^l ]‰ieZ\^eee^gml ]#hk]E#^ ab‰kZk\abjn^ jn^ ]^ $#^nq jnb D#^gmf~g^gm iZl ]e# EDeh]b_b) ^Zmbhgl ]Zgl e#he#]k\ ab‰e#ZE#\abjn^*) =SaaSZ\aY\YY ["O ]O` ^AT[[[[ RS dP)g( OkZ]n\mbh e ]n e#ZiihE#e\Pe#Neee#D\ m^qm\ ZDE\fZg]* >\mm^ e#^]Z\ebh e D>obl^ ^`Ze^Eee^ge $_#E^e^l ]‰ieZ\^eeeKgml]^ EDJD-eN li^\b_bjn\l' lZgl \aZg`^f^gm ]#he#]E#^ ab^e#'n#\abjn^7 ^DE^ g#^lm iZl `‰g‰kZe\*) 9SaaS Z\aW\[ ["O ]O` \PaS[YYRS b\We' OE#be]g\mbh e]ee kZiihe#m^nE#NPe# D\ m^qm^Zee^E-eZg]* >^mm\ e#‰]Z^echg obl^ -,P-1 e^l \Zl* ) 9SaaS Z\aW\[ O \PaS[b *) I\W%G#R\YYaYZS S[ 7C[[X PY[OW`\[ ObSQ["O_a' -- .* >( DE l^kZbe ienl \Je#E#^\e]^ ]be#^6 $ \^P^ e#ˆ`e\ l#Ziieb$_#D$v]JDD$6 x Zeellb beebSln[]boblbhgl ]e# `>DEk\l \m ]#\liˆ\^l m) ) NB) )))) )))r))*))))((((((' ))))))) ) ' )))Y*v O^qm^]^l Ghbl ]^ -423* Hhmbhgl gJe-o^ee^l* YYY g*v* Y k -4vv%* ,-- n#Z ]hn\ iZl D\ ]e#hbm'ihnk kZblhn ]^ ikbhkbm‰' k ]#‰\kbk^ Ghehghnbl @* ^m U* -4/1* Jn ‰>e#bkZ]^ fŠf^ k bWDZ\h]^l=D* -4.1 v ^f* G]e* -40,' hn ^ee Z[k‰`$WeD_Z\h]^l k =D*^e*nhg iZl bWDZ\h]^lG]e* x Ghkljn#ng Dehf ^qbleZge* ^le Ziiebjn‰ „ ng `Ohni^ %%jnb ]^rb^gm ]#ng hgek^ bee_‰kb^ne#„ \^ jn#be ‰mZbeZniZkZrZgm' e^ \aZg`^f^g e*hi‰k‰‰jncrZnm „ eZ \k‰Zmbhn]#nn ghno^Zn `Ohni^ ^me#Znm^nk„ \bm^k^lm \^enb _enbZ _Zbm*e^\aZg`)^f^gm' x Zn fhbgl jnZg] D\ ghf ikbfbmb_ ]n `Ohni^ i^klblm^ %% $QJ%*D\ v -4%* k Ohnm*[bgŽf^ $eehf [bgZbk^%blln ]^ eZ k‰ngbhg ]#ng ghf k `)‰g‰kbjn^ ^e ]#nee nhf li‰\b_bjn^' jn#be lhbm --,no^Zg hn k jn#be ikh!b^gg^ ]#ng^ \hf[bgZblhg ghn o^be^' l^kZ lnb!b ^g k ik^fbˆk^ eb`)g^' ]^ eZ \bmZmbhg]^ D#Znm\nk_enbZ e^ ik^fb^k k igaeb€ e^ [bgŽf^ ]Zgl lhg ^eel^f[e^ $bg mhmh%'i* ^q* k HZmmabheZmkblmblC**-/-#* $G* ln[ >a^bkZgeah%* Nb D#hgo^nm x \bm^k^g hnmk^ V#Znm^nk]n NugJDeuf^' \^ ]^kgb^k ]hbm r^gbk k ^g Z[k€`)‰' ^m ^g l^\hg] @^n \hff^ mhnl e^l lughgE#f^l' k i* ^q* bWEZmmabheZe*kblmblC** =D#*$G*%*>^mm^\bmZebheei^nm k Znllb Šmk^hfbl^' \hff^ ehkljn#be l#Z`#bm]^ \bm^k]^l k‰m#hk) k fZm^ge#l' \hkk^\m^nkl' ^m\* %%$Qhr* v 2 S$( , $,* F*' >h]^q fZm*gknl' v 1 P % Ta ^m E Zggh -5,/*% x - , LnZg] ng gZf li‰\b_bjn^ ^lm \hf[bg‰ Zo^\ gg ghf x `‰g‰kbjn^ ]c__‰k^gm'hn jnZg\e be l#Z`#bm\e#ng ghf ln[li‰) ( 31 )))))))))))))Y*vvY*Y))))))))))))v))))))))))))))))v J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZe# eZ >hffbllbhg* ))))))v)))))v)vv)))v))Y ))))Y))))))))))Y))Y))v) OkZ]ee\mbhee]n kZiihkm^nk NPe#e^ e^qm^Zee^fZg]* GZ ik^) fbˆk^ iZe#e•^ ]^ \^mm^e#ˆ`e^ ^lm \hgmkZbk^ Zeeq Ghbl ]^ -423' Zkm* 04* Qhr* ghmk^ h[l^krZmbhee \b)]^llnl' Zke* = 1'* ) A"OYW[rO'i RS QSHS Z\WW\[ O \PYS[YYdd c\We' G#‡q\fie^ ^bm‰b^bl\ kZiKhkm\ ghg iZl be PDe `khni\ ‰e^r‰ hn Z[Zbll‰' fZbl „ ng^ \liˆ\^ ]‰ieZ\‰\ ]Zeel PDeZnme#>`^gk^* ^ k^llhkm ]n \hff^geZbk\ ]hgg‰ iZk e^l Znm^nkl' jn\ D#hfbllbhg ]^l `khni^l ]‰ieZ\‰l ]Zgl e#Ze#-*bce ^lm ]n^ NAng heeaeb*) AO ]Yb"O`S U[WYYSZSWrSRS SSYYSZ\YW\[ O \PYS[[ 1 c\We S[ S\ZPW[OW`\[ OcSS Y"O "Y'7 _4M' KeZ\‰ iZe# e^l Znm^nkl „ e#Ze#e*02' e^ ]^nqbˆf\ Zebg‰Zl^ kZiihe#m\ ‰ob]^ff^gm „ e#Ze#e*1-' #enb mkZbm^]^l \beZmbhgl ]^ ghfl ]#Znm^nkl ]Zgl D\ \Zl ]^ ]‰ieZ\\f\gml ]\ `OJPi>N* ) =SHS Z\m\[ O \PWS[[! c\W@'3%R\[WYYYWSS[ Q\ZPW[OW`\[ OcSS Y"O_W'7 1V* OkZ]n\mbhg ]n kZiihkm^nk NPe#D\ m^qe^ -DeD`eZbl*) 7T[[T Z\YW\[ O \PYS[[ YHJ c\WO'3' #! '& )))))))))))))))))))))))))))))))))))) )v)))) O^qm^]^l Ghbl ]^ -423* -QDhmbhe-lghno^ee^l* ))))))) )))))))))))))))))))))v)))))))vv) k \b_bjn^ jnb' -- V#JD#b`bg^'ZoZbm‰m‰\hf[bg‰ Zo^\ ng^ ]‰gh) k fbgZmbhg [bgZbk^ $eb_e#‰k^gm^* $ ., LnZg] eeDenhf `)‰g‰kbjn\ ^lm Z]him‰ iZk eZ \bmZmbhg k ]#ng^ in[eb\Zmbhg Zgm‰kb\nk^ „ eZ ik^fbˆk^ ‰]bmbhg ]be x Ni^\b^l iXZgmZknf ]^ Gbeeg‰$-31/%* k 6th LnZg] ng ghf ^lm Ziiebjn‰ -- DeDD`khni^ ]#hk]k^ k ]b_e#‰k^gm]^ \^enb ]Zgl e^jn^e be ZoZbmikbfbmbr^f^gm ‰m‰ k i'#hihl‰* % $>h]^ Zf‰k*' KZkm*DDDD#'Zkm*.' Zggh D`h c%* 9@K) G 1-* k LnZg] +,, mkbeglihl^ ng^ ^li^\^ ]Zgl ng k Znmk\ `#^gk^' D\ ik^fb^k Znm^nk ]hbm mhnchnkl Šmk^\bm‰^g k iZk^gma^6v^' \m e#Zn-^nk ]^ eZ ghnr^ee^ \hf[bgZblhg ]hbm k ‰`Ze^f^gm Šmk^\b-‰*%% >NZ\\Zk]h' ?bZ`g* \m ghf* fr\h *' Zkm*1' ZPeE* -5,0%* ng `e#hni^ jnb ]^rb^gm ke#ebeehgee#^ lni‰kb^eek +,, bg_‰kb^nk„ $6^jn#be ‰mZbmZniZkZrZgm' k hn -,kljn#-DeE^ ^liˆ\^ ^lm mkZgl) k ihkG‰^]Zgl --DeZnek^ `#^gk^' be _Znm\b-^e#]^nq Znm^nkl* G^ k eDhf ]^ e#Zeem^eekikbfbmb_ ]hbe Šmk^ \bG‰^g ik^fb^k eb^n k ^n iZk^gma^l^' D\ PJDeE]^ V#Znm^nkjnb Z _Zbe D\ \eCDDe) k `)^f^eem hn AS mkZglihkm ^g l^\hg] eb^n* KZe# ^q* 6 m HZeeabheZ ekblmbl $G*% C* ?k*' I^lebZ iZnb\m]ZmZ $G*% #9 ?^lo* %% $CZu^d' Zkm*1-' Zng* D`,0%* J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk 4. >hffbllbhg* Kkhihlbmbhg bg^hfiXˆm^ 6 TO[T g^ ik‰ohbmiZl e^ ikh^‰]‰„ leebok^ ehkljn#ng^ lee[]boblbhg ]#^liˆ\^ ]^ob^gm ^liˆ^^ ^m ob^^)o^klZ' gb X^ fh]^ ]^ ^bmZmbhee„ Z]him^k ihnk ]#Znmk^l `khni^l jn^ D#^liˆ^^* ) =SaaS Z\(W\[ ["O ]O` \PaSYd RS IDYK' Kkhihlbebhee bg\hfieˆm^ 6 ^ee^ n^ ik‰ohbe iZl e^ fh]^ ]^ \bmZmbhgehkljn#be l#Z`#bm]^ ]‰ieZ\\eee^eeel ]\ `khni^l $lZgl ^aZg`#^f^eem ]^ kZg`% Znmk^l jn^ e#^liˆ^^* ) 9SaaS Y??\aW\[ ["O ]O` \PaS[YY RS c\We' KXZ\‰^„ D#Zkm*13 iZk XZNh\* [hm* ]^ AkZg\^ \^mm^iakZl\' ]bkb`‰^ ^hnmk^ X#^fiXhb ]^l iZk^gmaˆl^l' l^ kZiihkm^ ‰ob]^eee) f^gm „ eZ l^^mbhn 0' Zkzm1-' hm#E^ kZiihkm^nk D#ZieZ^‰^*) =SaaS Z\aW\[ O \PaS[YY / c\W%e#S[ QDYYYPW[OW`\[OcSQ Y"O_a'5 .*$' Kkhihlbmbhn ]\lmbg‰^ „ k^eeeieZ\^k eZ ien#Zl^ hn [ b‰^ ]Zgl D#Zkm*1- ]^l KkhihlbebhDEl [^X`#h)lnbll^l' fZbl bg^hfiXˆe^ 6 ^ee^ g^ ik‰ohbm iZl X^ fh]^ ]^ ^bmZmbhDE]^ `kheei^l ]‰ieZ^‰l $lZgl \aZee`#^eee^eem]^ #ZDE`%Znmk^l j n^ e#^liˆ^^* ) =SaaS Z\aW\[ O \PaSYd / c\W4'Q%R\[a YY?YSS[ Q\ZPW[OW`\[ OcSQaO_a' 7 1-* OkZ]n^mbhg ]n kZiihkm^nk lf# e^ e^qm^ Zee^fZg]* >^mm^ ikhihlbmbhg ^lm ^hgekZbk^ n D#^likbm\m „ eZ D$#Pk^]^ D#Zkm*04' inbljn#^ee^ i^kf^m ]#Zmm'#b[n^kng^ ^Jeee[beeZblhg ]^ ghfl „ PDeZnm^nk jnb g^ e#ZiZl V#Zbm^VB^nee- \ZeeZ]^gl\oZk* _eZonf k Khkm^k{ $Zn Xb^n ]^ k =kbmmhg{%' Zehkl jn^ Khkm^e#ZoZbm ]‰^kbmng B^nDee Ze[nf oZe#*_EZonfX* QJE* X^ 86hff\gmZbk^ ]^ -W-* Fngms^ M^W#*-----' i* -44* -- \Jeeob\g]kZbm ]hg^' lb D#hg Z]f^mmZbm \^m Zkmb\e^' ]#bgmkh]nbk^ ng Zf^ee]^f^gm „ D#Zkm*04* ) =SaaS Z\aW\[ O \PaS[b a_\W`c\W%e' '' O^qm^]^l Ghbl ]^ -423* eQDhmbheeNeeheeoˆee^l* )))))))))))))))))))))v)v))))Y*Y))))) 'W-W#-#*-/ 1- PW`' x G^ \aZee`^eee^eee ]#nee nhf li‰\b_bjn^ k eD#Znmhkbl^iZl V \aZg`#^k e^l \bm77*mbheel]^l Zeem^nkl jnb ,--- k ‰mZ[eb\e^l oZkbZmbheelhn ]^l lhnl)rZkbZmb\%X l\e^ \^e ^liˆ\^* { $Kkhc* 6W%hl\hn'Zkm*1-' ]^fb^e# Zebg‰Z%* Hˆf\ hal\koZebhg jn^ \bv]\llnl' >^ee^ ikhihlbmchg i^kf^m ]#Zeekban^k „ ePDZn e^nk ng^ \hf[bgZblhg ]^ DeJfl jg#be g#Z iZl _Zbm^*) 9SaaS Z\aW\[ O \PaS[YY YY[SIDY339% AO _rROQaW\[]_WZWaWcSh#\PaSYYYY4 IDW%G' =SaaS _rROQaW\[O \PaSYYYYYY mEhb6V6' ienlb^nkl lreeZ[^l' +,, bg]bjn^ VZik^fbˆk^ lreeZ[^' ienl eZ ik^fbˆk^ e^mmk^]^ eZ lreeZa^ leDboZeee^'hn e^l ]^nq ik^fbˆk^l jeDZg\e ^ee^l lhge ]^l \hglhgg^l $'Enll* iJeDk ]^ 'Enllb^n7 Mb\a* ihnk Cb\aZk]%* Ghkljn#hg ^lm m#hk\‰\e#Z[m#‰ec#^kkghbeel' ihnk ‰obem#e#DDg^ \Jee_nlbhg ^eemk^bKl gJ eeN jnb \hgng^g\^gG iZk e^l fˆf^l lreeZ[^l' hg leDbee^ fˆf^ lrleˆf^' ^g ]hggZgm' iZk ^q^fie^' \e^nq lreeZ[^l Zr\\ eZ hn e^l ik^fbˆk^l \hglhgg^l ]^ eZ me#hb) lbˆgeK' ,-- [b^ee X#,-- bg]bjn^ ng^ ]il ]$'m#gbˆm#$#l\hgNJeeme$#l '( )Y*YY*)v))'))v))))Y*Y))))v)))))))))))))))))))))))))))))))))))))))))))))))) O^qm^]^l Ghbl ]^ -423* eQehmbhglghno^ee^l* ^ZkZ^e‰kblmbekP^N]n ?hf $=\kmhe* ihnk =^kmnXhgb' Zebg \e^ ]blebg`#n^k \b\ =^ke^kh7 Hb^aq KJPD#EWeb^aZnq'Z_bg ]^ \eblebg) `#DE^D#]^ Hb\a^eb%* G^l ghfl ]^ [Zimmvf^ hn e^l ]‰lb`gZmbhgl Z^^^llhb k^l' ie#8%ie#^l7! ] blmbn`#epk ]^n q [hmZgblD\l \en f•gp PJDee' l#ZaV#tW`^eem]e# eZ fm#mg^ fZgbˆk\ $<]e# *‘ Enll* KJPD# <\em#b^g]^ *Eeellbe#n*$c7KD#mg'ebe*hn B7KD#mee*_* KJPD#$E7\e#mee^e# _bXbgl%* GJe#l8Ee-e6D#nlZ`#$6^l ab\g •eZ[eb ]#Z[k‰`#^e#ng ghf $V#ng\ Zgek^ fZgb^k^' X^ fb^nq ^lm ]^ l#r fee_he#eee>D#$G* ihnk Gbeen‰'ND)_Dbe*KJPD#\b\ NZbgm)CbeZbk^%* x ?Zeel e^l inaXb^Z bheel ]^lmbg‰^l Zn in[Xb\ \n `•n•kZe' \e k ]Zgl e^l ebek^l' bX^lm ie#‰_‰e#Zae^]e# g^ iZl Z[g#6`#^km) $<* ?>*' eWhn!* C^f*' i* 3. \e 3/' Zkm*1.' Zggh -44/7 J* k^' >h]^q ^f^ee]*' Zkm*1.' Zgg* +012+3 Jkhgi^ [^e`h) leebll^' Zkm*1.' Zeebe*enh+c#%* $>h]^ Zf‰k*' KZkm*--D' De' Zkm*V>e# i* i*' Zggh D}%,0%* k ieZg D\' ]hbe Šmk^‰\kbm^g ehge^l e^emk^l^e lZgl Zak‰obZmbhgl' $ ihnk •obm^k mZgm^‰jnbonjn^* k ?Zgl e^l hPD#D#Z`^l\D#ng^ \^e#eZbg^‰m^g]n^' hg Z]f^mmkZ k e^l Z[k‰!bZebhgl \qiXbjn‰^l iZm#ng^ eZae^ chbge^ V V#hn) x okZ`^* { $Nh\* [hm* AkZg\^' Zkm*1.' Zgee* -5,.%* |M#D#*0- PW`' $D e^l \ZeZXh`n^l aJD'mb^hX^llnbobl ]e# XZ]‰lb`gZmbhg x ahkm* m x $lhbm aJe#enXZghD#eneE%Z!^\ ng^ ]^l\kbiebhg bg\hfiXˆm^ hn $ ghg l^b^geb_bjeDe6i^be !igm' XJe#ljn#hee e^l Z$emg^m*\e jP#JDe $ e^l Z\\hfiZ`#g^ ]#eeee^ ]^l\e#bimbhe- ^eZbe#\' $#hgN>-#W#^e#^g $ iZe#^gmaˆl^ \^mm^ \e‰lb`gZmbhe-$ ahe#m*%E' fZbl \^ee^)\b ]nbe $D Šee#$vZn`f^gm‰^ $^g ]^ahe#l ]^ XZige#ieDm E^N^%]eX ghf ]^ k e#Zeee^ne#jgb ^g Z Z]him‰ e^ ghf' m $Ahe#aZg]e* Fcf[^ga*' i* .10' Ze#m*DP' Zge-' -45.7 =hm* Nbeeeld*Neh\da*' -W-#m*eZ' Zgmb' -45/%* N@>ODJI 1* N@>ODJI1* J[l^koZmbhgl]g kZiihkm^nk* O^qm^k^\hffZg]‰ iZk*eZ >hffbllbhg* \ZkZ\m‰e#blebe$eD\l]n eDhf $=\kehe* iJPD# =>e#mhehgb%'Z_bg ]^ ]blmb#E`n\e#]\ =\km^e#J7 Hb\aq iJeb A";Deb\aZeeq' Z_bg ]\ ]blmbg) `ee^k ]\ Hb\a^eb%* G^l DDJEeeN]^ aZimŠf\ Jee e^l ]‰lb`gZebhgl Z\\^llhbk^l' ikhie#\l bc ]blebg`ee^k ]^eel [hmZgblm^l ]ee fe6gC6 ghf' l#Zakˆ`#\ge ]^ eZ fŠgp fZgbb#e#^ $<]k * *eeDNN*iJeek <]kb^g ]^ 'Dnllb^ee' BZ6e#mg*_be*+,, BRe#mg*b) KJDeb#BZ6e#mg\E# _bebnl%* Ghkljee\ D#eDlZ`#^\le e'b^g ‰mZ[eb]#Zae#‰`\e#eDeDghf ]#Pep Znmk\ fZgbˆk^' D\ fb^eeq ^lm ]^ l#r e#hg_hkkgie# $G* ihgk Gbgg‰' N>Cbe* iJme #]e# NZbgm)CbeZbe#\%* AA?Z gl e^l in aeb\Z mbhgl ]\lmbg‰^l Zn in[e b^ ^g `#‰g‰kZe'\m D$ ]Zgl bKl mbme#^l'be ilm ik•_‰kZae^ ]\ g\ iZl Zak‰`\'#* m ( Cb6`e^* OkZhn^ebhg ]ee kZiihke^eEe# NPe#ei m^qei Zg`#eZbl* )) ;TccT apSPa2cX^[[ P ^QcT[)d ca^Xb e^X3&2( 7TccT a[XSPRcX^[[ P ^QcT][[ STd(F e^X("[2( OkZ]n\mbhg ]e kZiihkm^nk NPe#D^ e^qm\ ]Zghbl* ) ;TccT \^cX^[[ P ^QcT[)G _4 e^X&F( @^ apSP[2UX^] >XaX\XcXeT -- ^QcT][) >C e^X2&((' +%-#-+6! = CcC[[cb ["^[2RT_cT]c T] ^dcaT =)=^XbafT[" P)[[["]S[")==["[)U( ) 5,) O^qm^]^l Ghbl ]^ -4 n 3* eWbhmbhglghgoˆee^l* ))v))v)))))))))))v)v)))))))Y )) Y) ))Y*Y)v)))))) k \aZg`^k e^ ghf ]be `khn i\' „ fhbgl j g\' ]Zgl lZ `e#Zg]^ k fZll^' \^ `khni^ g#Zbm‰m‰\Jeelmbmn‰iZe# eZ \hfabgZblhg k ]#‰e‰f^gml ^fikngm‰l bm ]^l _ZfbeD^l ‰ehb`g‰^l $`#^g^kZ k obmbhlZ%hg #Dn^ e^l ‰e‰f^gel jnb \hglmbmnZb\geeZ [Zl^ ikb) x fbebo\ ]n `khe+i\ g#^g _Zll^ge ienl iZkeb^* x Ghkljn#ng `^gk^ ]hgg‰ l^ ekhno^ ^g k‰Zebm‰\hglmbmn‰ k iZe# ienlb^eee#l `^gk^l ]b__‰e#^gel$`^gnl \hg_nlDEDeD%'e^l x ˆe‰f^gel Z\\^llhbk^l je+b k^lm^gmZie#ˆl D#‰ebfbgZmbhg]^ eZ x fZchkbm‰]^l ^liˆ\e#N' g^ i^e+o^gm \hg l^ko^k D^ghf `#‰g‰) k kbjn^ ie#bfbmb_jn^ lhnl D#Znmhkbm‰]^ e#Znm^ne#jnb ‰eZ[ebmD\ k ghno^Zn `e#Jni^f^gm* Jg \hglb]ˆk^ Znllb ^JEeef^ ZiiZk) k e^gZgm „ ng `^gk^ h[l\ne# e^l mri^l a‰m‰kh`ˆg^l in[eb‰l k lhnl D^ fŠf^ EeJf `#‰g‰kbjn^bmeZ leebm^e^l n DeN]^l Znme#^l k lZgl ]bZ`ghl^ `#‰g‰kbjn^li‰\bZe^* m $,* F*' M^o* D' i* GSSSQD\m GSSSQDD'Zkm*1/' Zggh -45- 7 J* F*' >h]^q ^f^g]*' Zkm*1/' Zggh -45/%* k e#bgm‰kb^nk]#e+g `O$EeDi^'D\ ghf ]n `#D#hni! k^lm^ oZXZae^ { $QJu* v 3 ^e ^a* v 1 ]n >h]^q fZmnknl%* #+)F*' >h]^q fZeeeknl' v EJ Q&Zggh -5$/%* )))))))))))))))))))))))))) ))))))) OkZ]ne#mbhg ]n kZiihkm^nk NPe#D\ e^qm^g--^e-eg-e]* ) =SaaS _rR\QaW\Y*["O ]O` \PaSY***RS c\W'?3' GZ k‰]Z\mbhg #[ \\e Zebg‰Z'h[l\nk^ iC # ^q\ˆl ]^ \hg\b) lbhg' g\ i^nm Šme#^e#^g]ee\ \eZbk#^f^-em ]Zgl AS m^qm^_kZg‡6Zbl lZgl Šmk^ ]‰o^ehii•^* G#Zebg•Z jnb mkZbm\]^l _hllbe^l ^lm k^gohr‰ V ng Ze#mb\e^li‰e#bZe*G^l Zebg‰Zl mkZbmZgm]\ eZ ghf^g\eZmnk^ ]^l l^\mbhgl \m oZkb‰m‰lmri^l NJebmk#\goho•l bm Pbe gkmb\e^li•\bZ -* OkZ]ne#mbhg ]n kZiihkm^nk lgk D\ e^qm\ g--^fZg]* ) =SaaS _rROQaW\TY["O]O` \PaS[YY RS c\We' Pbe ]^l lb`gZmZbe#^l ]n `OJPi> [^e`#h)lnbll^' H* Ch\ak#^n) I\a_j 3 .0 \Y(W' -, 5- ) ))))))))))))))))))))')) ))) ))(((((((((' ')))))))Y*Y )) ))))))))))))))))))))) O^qm^]^l Ghbl ]^ -423* eW#DhmbhCNCZeeo^ee^l* )))vY*Y))))))))))))))')))))))))))))')') iZkmb^* N#beg#^qblm^ iZl ]^ l\\mbhg hn ln[]boblbhg iZe#^bee^' fZbl jn#ng^ ]^l _kZ\mbhgl ]‰mZ\a‰\l lhbm a^Zn\heeK ienl ghfak^eel^ ^g ^liˆ\^l jn\ e\l Zeemk\l' \#^lm ƒ ^ee^ jn\ D\ ghf ]hbm Šmk^k‰l\e#o‰* k .! GJe#ljn#hg ]bobl^ \g ]^nq ng `e#JPi> jnb „ lhg he#b`#bg\ k e#\g_^ggZbm ]^g q _kZ\mbhgl ‰`#Z \l' ^#^lm eZ ik\fbˆe#^ ]\l x ]^nq _e#Z^ebhgljnb \hgN>e#o^kZ E^ghf i'#bfbeb_' \m lb $#^ee\)^b k Z ]‰cƒ e#^‡nng ghf Zeee‰e#b^nE#\f^eee'\\ l^kZ eZ l$#t#hee]^]^l $ ]^nq aZ\mbhgl* /! Nb D\ k `#e#hni^ { ^Jebe^gZbmng\ ln[]bW#blbhg jnb' ]#Zie#€l lhg ghf hn l\l ^liˆ\^l' •mZbee^ mri^ hn X#h'#b`#bg^]n `Ohni^' X^--,-me ^lm e#‰N>e#o‰ihnk ^^mm^iZkmb\* $ 0! GJe#ljn#hg ]bobl\ ng `Ohni^ ^hglmbmn‰^g k•Zebm‰VEZm# $ ienlb\Dee#l `khni\l ]b__•k>#gel ]^ fŠkg^ he#]e#^' X^l ‰e‰f\gml x Z^e#\llhbe#^l k\lmZg mZie#ˆl ‰ebkgbgZmbhg]\ eZ fZchkb m‰]^l k `kheei^l ]•kbg%l g^ i^no^gm ^hgl^e#o^k D\ ghf D%D#bfbmb_hn $ ^hee^\mb_ jn^ l^%mble#Zebehkbm‰]^ D#Znm^ne#jnb •mZ[ebm e^ k ghno^Zee `e#heei^f\gm* k 1! Ghklj n#hn# ]bobl\ ng `e#Jn i^' lZgl ihnohbk ]blmbg`#n^e# k „ NJC bgm‰kb^nk]^l ‰e‰f^eeml_hkfZgm ng^ eeeZche#bm‰^hf) k iZ\m^' hn jn#hg g\ inbll^ ‰mZ[ebe#ng _kZ^mbhgg\f^gm \eZbk' $ hn jn^' ]ˆl lhg hkb`bg^' \^ `#e#hni^ l^ lhbmmkhnr• \hglmbmn• k iZe#]^l `#^g #^l ZiiZe#m\g8-gm„ ]^l _ZfbeE^l •ehc`g‰\l$B^g^f x$ W#bmbhlZ%'hg ^hglb]•k^kZ ^hfDee^ rZeZ[e^ e^ ik\fb^'# ghf k in[eb‰ jnb l#Ziiebjn^ ^eZbk\f^gm bmgg^ _f^mbhg ]n `e#hni^* k 2y Nb ^^i^g]Zgm bef ZrZbm„ X#h'#b`#bg^]^l ghfl ihg # e^l $ ]br^kl^l iZkmc^l ]g `Ohni^' e^ ghf \hee^^mb_ikbfbmb_ ]^ \^ k ]^kgb^k g^ i^gm ienl Šmk^ZiiXcjg• hn l^ne^f^gm „ ng\ $\ _kZ\mbhg ]‰ihnkon^ ]^ ghf* k 3! GZ k\^hglmkP^echg Zkmb_b\b^ee^]^ mri^l Zn fhr^g ]^ eZ k ik^fbˆk^ ^liˆ\^ ]n `khni\ ^lmbgZ]fbllb[e^ ehkljn^ \^ee^)^b k ^hglmbmn^ ng\ fcghkbm‰]Zgl D\ `#D#Jebi^ ^g jn^lmbhg* k 4, ?^l^kbimbh ie#v^lmZma\kaZe#bh* GJe#ljn#be *r Z ]•lZ^^hk] $ ^gmk^ eZ ]^l\kbimbhg \m D#a^e#[c^k'^#^lm…eZ ]^l\e#bimbhg 8cn#be k _Znm]JDeDe^e#eZ ik‰_‰k\g\^* { #+) C)' >h]^q fZmne#PN' v 2' 8---D-*D`h6t%* ) Ce ) J[l^koZmbhgl ]n kZiihkm^gk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* v)))#)))))))'))))))))))) ))))))))))))) iZkmb^* N#beg#^qblm^ iZl ]^ l^\ebhg# hn ln[]boblbhg iZk^bee^' fZbl jn#ng^ ]^l _kZ^ebhgl ]‰mZ\a‰^l lhbm [^Zn\hni ienl ghfak^nl^ ^g ^liˆ\^l jn^ e^l Znme#^l'\#^lm „ ^ee^ jn^ e^ ghf ]hbm ˆmk^ k‰l^kT‰*) Cˆ`e^ * * #e#kZ]n\mbhg]n kZiihke^ne# NPe#e^ m^qe^Zee^fZDeeD*) =SaaS Z\aW\[ O \PaS[YY ?Y[S ( \We' Oe#Z]n\mbhg ]n D#Ziihe#m^ne#lPDze^ m^qe^Zee^fZg]* G#Znm^nk ]be ]Zgl lhg \hff^gmZbe#^ Zohbe#oJeDen lbfieb_b\e# \e k^g]k^ ienl \hg \bl' ^g e^l ZiiebjnZgm „ mJD-Ne^l `Ohni^l' e^l Ze#mb\e^l 1/' 10 ^m 12 ]n \h]^ ]^ D4B3 jnb fZgjn^gm ]\ ie#‰^blbhg* HZbl eZ e#‰]Z\mbhg]hgg‰^ iZk A( Fngms^ ^le me#bvlh[l\ne#^ ]Zgl e^l me#hbleZg`n^l' ^m^g _e#Zg‡ZbljnZlb)bgbgm^eeb`)b[e^* G^ kZiihkm^nk Z _ZbmNJDeihllb[e^ ihn # k^g]k^ ^qZ\e^f^gm \m ^eZbe#^f\gm EZ i^gl‰^ ]^ D#Znm^ne#'lZeel Šmk^\^kmZbg ]#O ˆmk^ mhnchnkl iZko^gn* G#Zebg‰Z/ ^lm ^fikeegm‰ „ D#Zg\b^g Zkm*10 ]^l Ghbl ]^ *1/0' G^l Zebg‰Zl/ \m 1 7-W#Zb^gm‰m‰ieZ\‰l Zgm‰) kb^ne#\f^gm iZe# H* Fngms^ ]Zgl D#Zkm*1/' ^g ZrZgm li‰\bZe^) f^gm $%DEon^ eZ ]boblbhg ]^l `^gk^l* G#Zebg‰ZB _b`nkZbe „ D#Zkm*12* ) =SaaS Z\YW\[ O \PaS[YY ?YYJ ( \W3]' :SY(%G c\aO[a` #Y#jQS]aS[a`SOYS[@S[aY"OYW[rO1' (# O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghn o^ee^l* k - , G^ mri^ l^kZ \ahblb ]Zgl WDglhnl)`^gk^' l^\mbhg hn k l‰kb^]#^liˆ\^l ikbfbmbo^f^gm ]‰lb`7eD‰l^hfE;^ mribjn^l* x .y Jg ik‰_‰k^kZng^ ^liˆ\^ jnb Z ‰m‰_b`nk‰^ien eŽm k jn#ng^ ^liˆ\^ ghg _b`#nk‰^]Zgl D\fŠf^ hnokZ`^7 hn' ^g k e#Z[l^g^^ ]#ng^ _b`nk^' \%XX ]hgg^kZ eZ ik‰_‰k^g^^bm Pbe86 k ^liˆ\^ Z\\hfiZ`n‰^ ]^ eZ^bmZmbhg]#nbe^_b`#Pev^* k /y G^l mri^l ]^ `^gk^l Z]him‰l\e#Zikˆl ]^l ^liˆ\^l \be‰^l k ]Zgl eZ[b[ebh`kZiab^ „ ghf^g\eZmnk^ ghg [bghfbgZe^ $Zo^^ x hn lZgl \aZg`#^f^eeml ]^ De,,gl%]hbo^gmŠmk^\ahblbl ]#Zikˆl k \^P^l ]^l ^liˆ\^l ikbfbebo^l jnb Jeemk^‡n e^l ik^fbˆk^l ng k ghf \eZgl ng^ in[eb\Zmbhee„ ghf^g\eZmnk^ [bghfbgZe^* G^l k `#^gk^l ]n Ni^\b^l KeZgmZknf ]^ Gbgg‰$-31/% lhgm \ZkZ\) k m‰kbl‰ljnZgm „ e^Pe#lmri^l iZe#e^l \bmZmbhgl]hgg‰^l ]Zgl k e^ B^g^kZ ieZgmZknf >-310%' k 0, LnZg] DDgghf `#‰g•kbjn^Zgm•kb^ebk„ eZ ghf^g \eZ) $$mnk^ abgZbk^^lm]•ieZ\‰ iZm#eZ in[eb\Zmbhee]#ng ghf `‰g•) k kbjn^ in[eb• NJeeNe^ k‰`bf^ ]^ eZ ghf^g\eZenk^ [bgZbk^' x e#Ziieb\Zebhee_Zbm^]n ghf ]‰ieZ\‰…DDg^^liˆ\^ lhnl e^ k ghf `‰g‰kbjn^ghno^Zn l^km„ ^ZkZ^m‰e#bl^ke^ mri^* k 1, G#Ziieb\Zmbhg_Zbm^„ ng `^gk^ ]^ e#Zee\b^gghf li•^b) k _bjn^ ]#ng^ ]^l ^liˆ\^l jn#be \hfik^g] l^km„ \ZkZ\m‰kbl^k k D\ mri^' * k Bh KJeDk•obm^k]^l \aZg`^f^gml ]Zgl e#Ziieb\Zmbhg>JGD) k kZgm^]#DDgghf `#‰g‰kbjn^ebgg‰^g'DDg^^liˆ\^ [b^g \hgDeee^ k Zn ihbgm]^ on^ ‰\hghfbjn^ i^bemŠmk^\ahblb^ \hff^ mri^' k \hg_hkf‰f^gm Zn ikbg\bi^ •ghg\‰ iZk Gbgg• $Kabb*=hm* x -53' -31-% 6 k Nb `^gnl k^\^imnf' l^\ng]nf cnl gZmnk" k ^mZkmbl'bg ienkZ \ebkbfb]^[^m' mnf ghf^g Zgm^Z\hffng^ x fZg^[bm oge`Zmbllbfb= ^mh__b\bgZebieZg m" m) $$ $>h]^ Zf‰k*'Zkm*p' Zggh -5,0Œ* k ik^fb^k ‰m‰^fiehr‰ ^g \hf[bgZblhg Zo^\ e^ ik^fb^k ghf x li‰\b_bjn^* ) 5.) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* ))))))))))))Y*Y))))))))))v))) Ognen\mbhee $Z]Zie‰\% ]e kZiihe#m\ne# NPe# E^ m\qe^ Zg`eZbl* G^l fhml \g bmZebjee\lhgm lhneb`g‰l iZk D\ kZiihke^nk* Qhr* e#h[l\koZmbhg „ D#Zkm*1/ PW`'& 9SaaS Z\aW\[ O \PaS[b RSb'G IDY'G' AO _rROQaW\[]_WZWaWcSO \PaS[b / IDW3;' OkZ]ee\mbhg \en fiihke\eDe# NPe#X^m\qm^Zee\fZg]* ) 9SaaS Z\aW\[ ["O ]O` \PaSY>YRS )$*3(/2( ) 5/) O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghno^ee^l* x .y Nb ]^nq hn ienlb^nkl ]^ \^l Dehfl ]^ `^gk^ ,---' ‰m‰ k lbfnEmZg‰f^gm Z\\hfiZ`#g‰l ]^ ghfl li‰\b_bjn^l' hg ik‰) k _‰k^kZ\^enb ]^l ghfl `#‰g‰kbjn^l jnb Z ‰m‰^fiehr‰ ^De k EbZblhg Zo^\ E^ ienl `OZg] ghf[ #^ ]^ ghfl li‰\b_bjn^l Zn k fhf^Dem ]^ lZ in[eb\Zebhg' ?Zgl eZ ]‰\blbhg Zik^g]k^' be k ^lm bg]b_e#‰k^gmj n^ \^l ^liˆ\^l Zb^gm‰m‰ienl mZk] k‰ngb^l k hn Zb^gmln[b ]^l ob\bllbmn]^l jn^e\hgjn^l' k /y Nb ]^nq hn ienlb^Pe#l nhfl ]^ `^nk^ hnm ‰m‰lbfneeZ) k g‰f^gm Z\^hfiZ`#g‰l ]#ng ghf[k^ ‰`Ze ]^ ghfl li‰\b) k _bjn^l' hn g#hgm iZl ‰m‰Z\\hfiZ`g‰l ]^ ghfl li‰\b_bj n^l k oZeZ[e^l' hg k^c^me^kZe^l ghfl `#‰g‰kbjn^l jnb ^qb`^kZb^gm k ng^ fh]b_b\Zmbhn hn ng^ \hkk^\m bhg ' m $,' D>' C^o' Di' q\f' Zkm*11' ZPD * ,3O$, 6 ,' F! >h]^q ^f^g]! Zkm*11' Znn* -45/7 ,' F! >h]^q fZmnknl' *v -3' Zggh -5,/%' k ]^ fŠf^ eDZmnk^g^ i^nm Šmk^bgohjn‰^ jn^ lhnl k‰l^ko^ k ]^l \hg]bmbheel ‰Dehg\‰^lZn v -3 ]n >h]^q fZmnknl x $Zkm*< 11' \b)]^llnl%' %u $,' F! >h]^q fZmnknl' v - Q&Zggh -5,/%* k eZ @gmk^]^nq ghfl ]^ fŠf^ ]Zm^' ik‰_‰k^k\^enb jnb e^ x ik^fb^k Z ˆm‰Z\\hfiZ`g‰ ]#ng^ ]^l\kbimbhg ]#\liˆ!\^* x$ ., @gmk\ ]^nq ghfl ]^ fŠf^ ]Zm^ ^e mhnl ]^nq Z>>Jeee) k iZ`g‰l ]^ ]^l\kbimbhgl ]#^liˆ\^l' ik‰_‰k^k\^enb jnb Zl^kob k „ ]‰lb`#g\k Zn ]‰[nm e^ ienl `OZg] Dehf[k^ ]#^liˆ\\l* x '%, @g \Zl ]#‰`#Zebm‰„ \^l ]bo^kl ihbgml ]^ on^' ik‰_‰k^e# x e^ ghf `#‰g‰kbjn^e^ ienl \hkk^\m ^me^ ienl Ziikhikb‰* m $Bkhni^ [^e`#h)lnbll^' Zkm*11' Zggh -5,0%* J[l^koZmbhgl 0; kZiihkm^nk* O^qm^k^\hffZg]‰ iZk 4. >hffbllbhg* OkZnn]*bhee ]n kZiihke^eek leek e^ m^le^ ZEe`zeZbl*) =SaaS Z\YW\[ O \BSbb RSb3_3c\We' Ogk]n]bhn ]be kZiihkm^nk Neee#e^ m^qm^Zee^fZg]* ) =SYaS Z\YW\[ b"b ]O` \PYSbb RS c\We' 9SYaS Z\YW\[ O \PaS[b =` b\W3_3%Ob3_3^bSYAS``"OX\baS[a S[UOfS YS =\[U Y"q` QY SDYYY]YraSY"YO "qUYS]OY" YS` Z\a` k -y @gmk\ ]\gl eDhfl ]^ fˆeDe> ]Zm^' ik‰_‰k^k\\Wgb jgb e^ `bWbO[Y`3 x Sa \^ SV\W3_3[S ]Sba ]Yb` rY_S Z\RW3(Wr]OY"YS` k ik^fb^k Z ‰m‰Z\\hfiZ`g‰ ]#gg^ ]\l\kbimbhee ]#\liˆ\^* ObaSYYY"F`bP`r^bS[Y` m) FO[` SSaaS ORX\[SaW\[% R ["f x .y @gmO^]^nl ehfl ]e# fˆf^ ]Zm\ \m mJDbN]^nl Z>>JD-e) Ob "OWY]Yb` RS nZWYS` OH'GQVO[fSZS[a` RS ?YDY?YFS[ QO` k iZ`g‰l ]^ ]\l\kbimbhgl ]#^liˆ\\l' ik‰_‰k^k\^enbjnb Z l^e#ob RS _rb[W\[ RS U_\b]S`' A"OYW[rO.y RS h"O_a'*(4.%O]]YYfr '$ „ ]‰lb`ee\k Zn ]‰[nm D\ ienl `OZeb] ghf[k^ ]#\liˆ\^l* ]OY"b[S ZW[\_War RS 'b6b\W%e3%Zr "WYSS[S\ "S%`SY\YYYSY"O]& k 7-, @g \Zl ]#•`Zebm‰Dk\^l ]bo^kl ihbgml ]e# Tee>' ik‰_‰k\k ]\RSb_% b[ `rY"WSb'e3S3_3OZS[' k D\ ghf `‰g‰kbjn^ e^ ienl >JDO^\e ^me^ ienl Ziikhikb‰* m ( C^\hffZg]Zmbhg* Oe#Z]n\mbhg $Z]Zim‰^%]n kZiihkb^nD# NPe#e^ e^qe^ Zg`zeZbl* Kkhihl‰^ \hkgf^ Zkmb^e^li‰\bZe' \^C^ fhmbhg ^lm ieZ\‰^ b\b iZk e^ kZiih^e\gk Zkbg ]^ _Z\bebm^e#eZ \hfiZkZblhg *Zr\\ e^l ikhihlbmbhgl ]br\k`\gm\l* ) =SaaS Z\YW\[ O \PYS[YY b[S ID?@4' ) 50 Y)))r)))))))))))))))) ))))))))*Y)))v))))))))) O^qm^]^l Ghbl]^ -423* Hhmbhgl ghno^ee^l* )))))))))))))*))))))) v)))))))vv) ) )))))) $> ik^fb^k Z ‰m‰Z\^hfiZ`#g‰ ]#ng^ ]^l\kbimbhg ]#^liˆ^^7 x .y @gmk^]^nq ghfl ]^ fŠf^ ]Zm^'^mmhnl]^nq Z^\hf) >$ iZ`#g‰l]^ ]^l^kbimbhgl ]#^liˆ\^l' ik‰_‰k^k\^enb jnb' Zn k fhf^gm Je e#Znm^nk_Zbmlhg \ahbq' k^g_^kf^ e^ ienl \\ `OZg] gnf[k^ ]#^liˆ\^l7 \\ /, @g \Zl ]#‰`#Zebm‰…\^l ]bo^kl ihbgml ]^ on^' ik‰_‰k^k k e^ ghf e^ ienl \hkk^\m^mD\ienl Ziikhikb‰* m $Ch^ak^nmbg^k'Zkm*11' Zggh D`,0%* J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ>hffbllbhg* eWDŠf^h[l^koZebhg jn^ \b)\e^llnl k^DZmbo^f^gm„ eZ gnf‰) khmZmbhg]^ D#Zkmb\e^*GZ ]^kgbˆe#^ iZkmb\ ]^ EZikhihlbmbhg l^ kZiihkm^ …D#Zkm*2,7 D^kZiihkm^nk D#ZieZ\‰^ ^g iZk^gmaˆl^* @P^ ^lm k^ikh]nbm^ „ D#Ze#m*F 2,* ) =SaaS Z\aW\[ O \PaS[O O[S GC[J( OkZ]n\mbhee ]n kZiihkm^nk NPe#D^m^qm^Zg`eZbl* G^l [hmZ) gblm^l ]n =kbmbl[ Hnl^nf ]‰lb`g^gm \^P^ ie#Jihlbebhg iZk D\ gJ ]#Zke* TYPW`' G^ kZiihkm^nk eZ iDZ\^ b\b iZk^^ jn^P^ eD#^lmjn#ng \Zl li‰\bZD ]^ e#Ze#G11' ]‰cbmk‰lhen ^qZ\m^f^gm ]Zgl e^ fŠf^ l^gl iZe# D#Z-#e*11 ]^l Ghbl ]^ eZ IJe-e^ee\eZ) mnk^* ) =SaaS Z\aW\[ O \PaS O / b\We3#R\[a YZS Q\W[& PW[rS ObSS L"O_a' 11%* >^ee^ ie#Jihlbmbhg ^lm eZ fŠnp _eem^^^ee^ ]n `e#hni^ [^D`#h) lnbll^' lZne# ]^nq ]‰mZbDl]^ e#‰]Z^mbhgjnb g#^g ^aZg`^gm ]#ZbeE^nkl iZl D^l^gl* ) =SaaS Z\aW\ O \PaSTYYY. b\We' 9SaaS Z\aaD O \PaSa O f b\W3_3' Oe#Z\en^mbhg]n kZiihkm^n k ln k e^ m^qm^Zee^fZn]* G#Znm^nk ieZ\^ \^P^ ie#hihlbebhg ]Zgl eZ l^^ebhee 2 $mkZbmZgm]^l eDhfl o _SXSaS_$4^ee^ l\ e#^Xc^‰me#hbe^f^g m7We#Zkmb\e^ik‰\‰]^gm*) =SaaSZ\aW\a O \PaS[O 4 b\We' ## ) 6E1 )' )))))) ))))))))*) O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghgo^ee^l* e$ Ziieb\Z[e^ Zn Ni^\b^l iXZgmZkn,- ^$ * D*! $=kbj*' i* /5' Zgg -450%* x -32/ {' e^ ghf enb ^lm \hgl^ko‰* >e HZbl -,,,ljn^ e#^liˆ\^ x ikbfbmbo^ k^g_^kfZbm ]^l oZkb‰m‰l'e^l nhfl ]^ \^l ]^knbˆk^l x ]hbo^gm Šmk^\Jeel^ko‰^l ihnk e^l ^liˆ\^l \hg_hkf‰f^gm „ k e#Z]*14* k Ghkljn^ ePD^ ^liˆ\^ \hee^\mbo^ l^ \hfihl^ ]^ ]^nq k oZkb‰m‰l#>( \m v' ^mjee#„ e#hkb`bg^ \aZ\ng^ ]^ \^l oZkb‰m‰lZ x k^‡n Pbe ghf iZkmb\neb^k' \^l ghfl l^khgm' ]Zgl D\ \Zl ]^ k eZ ]boblbhee ^g ]^nq ]^ e#^liˆ\^ ikbfbmbo^' ‰e^o‰lZn kZg` x li‰\b_bjn^ ^me^ ehf \hee^]b_ ikbfbmb_ l^kZ Z[Zg]h eee‰* k Ghkljn#n e^ ^liˆ\^ \hee^\mbo^ l^ \hfihl^ ]^ mkhbloZkb‰m‰l x hn ienl' lhn ghf g^ ihnkkZ Šmk^Ziiebjn‰ jn^ Se ]O_aS k ZOX\_S cSY ZSRWO' G^ ghf De^ihnkkZ Šmk^oZeZ[e^ ]_\ k ]O_aS ZW[\_S% jn^ ehkljn#be Z ‰m‰k^ghno^e‰ ZoZgmjn#ng^ x ]‰lb`nZmbhg ghno^De^ Zbm‰m‰\k‰‰^*m #+)C)' >h]^q ^f^f * lnii *' Zkm*2B' ZPDD*-4W%4%* >e gZmnk^'{ lb e#ng^ ]\l _hkf\l Z ‰m‰ienl Zg\b^gg^f^gm ]blmbg`n‰^ x hn ]‰\kbm^' %D\ eDJDeeenb ^lm \hgl\kT‰* $Bkhni^ [^e`h)lnbll^' Zkm*1•' Zggh -5,07 Nh\* eEJm*Ak*' Zkm*1•' Zggh -5$0%* 'W*MO*?22* GJD#ljn#hg ]bobl^ ng\ \liˆ\^ ^g ]^nq hn iXn) lb^nkl ^liˆ\^l' lb e#ng^ ]^l _JD#eDe^lZ ‰m‰ienl Zg\b^gg^f^ge ]blmbg`n‰^ k \m ]‰\kbm^' {% D\ Chf enb ^lm \Jeel^ko‰* k ?Zgl e^l k \Zl ]JDDm^nqe#Znm^nk]^ eZ l‰iZkZmbhg\hgl^ko^ e^ -D,f li‰) k \b_bjn^ „ eZ _hkf^ jnb enb iZkZŒmeZ ienl Ziikhi'#b‰^* G^l k Zn mk^l ]boblbhgl ]^ e#^liˆ\^ k^‡hbo^gm ]^ ghno^Znq nhfl k jnb n^ lhgm oZeZ[e^l jn#ZnmZgm jn#bel lhnm Z\\hfiZ`•e‰l x ]#eDg^ ]bZ`ghl^ \hfieˆm^* {% $Kkhc* Hhl\hn' Zkm*1•' Znn* -5,0%* k lJeel)^liˆ\^ ^lm \hnlmbmn‰iZk e#‰\aZnmbeehnCeCen^e D\ ]^l) k \kbim^nk Z ie#bfbmbo^f^nm Ziiebjn‰ D\ nhf ehkl ]^ lZ in[eb) Sb \Zmbhg* k -, LnZn] eZ kbmZmbhnikbfbmbo^ l#Ziiebjn\ „ ienl $e#DDDE k ‰\aZgmbeehg' e^ mri^ JeD D\ `Ohni^ $D#‰\aZgmbeehDDljnb D#^n) k _^kf^ e^ mri^ i^nr^nm Šmk^]‰]nbml ] n _Zbmj GD>D\ DeJeDe^lm ) 51) )))v)v J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\he--e--Zg]‰iZk eZ >Je--e--bllbhg* AO _rROQm\[ ]_WZWTWcS["O ]O` \PaS[b RS IDW%G' 9SaaS Z\aW\[ O \PaS(YWYRSb3e3c\We4 RS[4N3#YYYa_S`(aS Y"ORZSaaS[T ^b" OcSQOZS[RS([S[a' #E#X#Z]n]bhee]be D#Ziihkm^ne#Nbeb#D\ e^qm^Zee^fZn]* ) 9SaaS Z\aW\[ ["O ]O` \PaS[b RS c\W4N3' 9SaaS Z\aW\[ O bPTS[b *3 IHW'G%Ob4e3^bSYYS``"OXbbYS[Y% GZ _eP ]^ \^m Ze#mb\e^^qb`^Zge gg^ ]bZ`ghl^ _Zbm]hn[e^ ^fiehb Zo^\ e^l Zkmb\e^l jeWbmkZbm^gm]^l \hn]bmbhgl ]^ in[eb) \Zmbhg oZeZ[e^ $Zkm*02 ^gmk^ Znmk^l%*) 9SaaS Z\YW\[ O \PaS[b RSY*e c\We' OkZ]g\mbhg ]n kZiihkm\nk NPe# D\ m^qm^Zn`eZbl* G^l fhml ^g bmZEbjn^lhgm lhneb`g‰l iZk D\ kZiihkm\nk7 oJE* X#h[l^kTZ) mbhg „ X#Zkm*1/ PW`'& 9SaaS Z\aW\[ O \PTS[Y* b[S c\We4 ?*[RSbeWqZS c\aO[a YOQ\ZPW[S OcSQY"O_a' ; 01) ) 5• O^qm^]^l Ghbl ]^ -423* eQDhmbheeNghno^ee^l* v)))))))))))))))))))))) x mbk‰]^ \^enb ]#gn \hee^\m^nk']#nee^ eh\Zebm‰hn ]#ene^ ^liˆ\^ k ghgkkb\bˆk^* k .y KZkfb e^l ‰\aZeembeehgl‰eb`#b[e^lZn f•f^ ]^`O‰' e^ x mri^ l^kbW\^e gb jnb Z ‰e‰_bN#DDD#‰Zo^\ eZ ]^l\kbimbhee ikbfb) x ebo^' hn' „ ]‰_Znm ]#ng^ _bl#nk^' e^ DED#^fb^e#‰\aZgmbeehg k f^gmbhgg‰* k 3j\ @g D#Z[l^g\^ ]#ng ‰\aZgmbeeheehkb`bgZe' hg \JeDlb]‰e#^kZ x >J eef^ eri^ \]nb j gb ^lek^ik‰l^gm‰ iZk ePR _b`#nk^ b]^ee) k mb_bZ[e^hn $„ ]‰_Zne ]#ng^ _b`gk^% eZ ]^l\kbimbhee \be‰^eZ x ik^fbˆk^ hn in[eb‰^ nem‰kb^nk^f^eee*{ $>h]^ Zf‰k*' Zk * -0' Zggh - %JDD%# k +,, >JeDl^e#o^kZ\]e^ ]^l ^qik^llbhgl ,, + D#DgZebl'`#^gnbeenl' k o^kgl' erib\nl' $^' Z' nf% jnb ZnkZ ‰m‰^fiehr‰^ eZ k ik^fbˆe#^7 ]Zgl e^ \Zl Je!me^ ghf ]^ e#^liˆ\^ ob^g\ekZbe x nem‰kb^nk^f^ne a •mk^ \aZg`#‰' hg Z]him^E#Z ePR Znmk^ ]^ x \^l j nZmk^^qik^llbhgl* x G^l ghfl ]^ l^]bhg _hkf‰l ]#Pbe ghf `#‰g‰'#bjg^KJPD#W#P k ]n ik‰_bq^ @n) hn ]be ln__bq^ )mrinl' Zbglb jn^ e^l ghfl k ]^ l^^mbhg Zn ienkb^e' ]hbo^gm Šmk^ k^c^e‰lehkljn#hg ‰eˆo^ k gee^ l^\mbhg Zn kZg`# ]^ `#^f#^* m $,* F*' M^o*D i* GSSSQDD'Zk * 1/' Zggh DN % 7 J* F*' >h]^q ^f^g]*' Zkm*1/' Zgg **DN`/%* k ihnk ']‰lb`#g^k ng^ l^\mbhg mri^' De$%i^no^ge •ek^ \hf[bg‰l x jn#Zo^\ D\ ghf ]n `^gk^ ]hgm eZ l^\ebhg _ZbmiZkmb\* N#be x ^qblm^ ]•c„ ]^l lrghnrf^l l#‰n•kbjn^l ienl Zg^~^gl jnb k Zb^gm•m‰^f iehr‰l \hgng^ ghfl ]^ l^\mbhg' \>eeq)^b ]^okhg G x Šmk^^hgl^ko‰l* G^l ghfl ]^ l^^mbhg b]^g ebj n^l Zo^^ D\ Chf x ]^ `^gk^' m^el jg^ B^k[^kZ v B^k[^kZ G\ll*' ^e*e^l ghfl \e^ x l^^Gbhg Zn ienkb\e ]hbo^gm •mk^ k^c^m‰l*{ #+)F*' C•a^k^ KbeZgs^g`k*' i* eb`' Zkf* -5,,%* k G^l ghfl ]^ l^^mbhD-ahfhgrf^l ]^ \^mm^lJe#m^]hbr^ge' x DJe#ljn#bel ^qblm\gm' ˆmk\ k^fieZ\‰l iZe# e^ ienl Zg\b^g x l#rghgrf^ `#‰g‰kbjn^\knb l#%#D#CiiJe#m^]Zgl e^ \Zl h€ X[b ) 52) ) )))) )))))))))))))))))))))))))))))))))))))))))))))))))))))))))) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* ))Y*Y))YY*))*Y*Y)Y*Y))))))))))v)))))))))))))v )))))))))))))) )))))))))))) G^l ikhihlbmbhgl jPe leebo^gm hgm ‰m‰kZiihkm‰^l iZe# H* Feenes^ „ e#Zm#e*1/ ]^l Ghbl' iZk D\ `Ohni^ ]^l [hmZgblm^l [\e`^l \mlnbll^l' Znq Zkm*14 QXbSD 14 cT["(@ee^l\hf[e^gm nn^ eZ\ng^ ] n >h]^ -423' k^eZmbo\l „ eZ ghf\n^eZmn k^ ]$vl l^\mc$%E%l^m oZkb‰m‰lmri^l \m mkZee^gm]#ng lnc^m Zll^s aJbeeJ) `#ˆg^' ihnk \hglmbmn^k ---- Ze#ec\E^li‰\bZe* Of]n\mbhg ]n e#Ziihke^nk NPe#D\ m^qe\ Zee^kgZg]* ) ;TccT \^cX^] ]"P _Pb ^QcT][[ ST e^X(g( Of]n\mbhg ]n kZiihkm^nk lPe#e^ m^qe^Zee^fZg]* ) ;TccT \^c)^] ]"P _Pb ^QcT][[ ST e^X2[2( OkZ]n^mbhEb ]n kZiihem\e+mz JA**" E\ m^qm^ Zee^fZEe]* @"P[X]pP =! Z ST RTccT)[[CcX^[XP ^QcT[+++ST[[g )>#>X(/k3++++ c["^XbXo[[f )>^cP]c Ui#)\Tc )U"EP[X[[a4a[bD!Z Tc D! AB) ) 53) O^qm^*]^l Ghbl ]^ -423 * *Iehmbhglghno^ee^l* k hgm eZ ikbhkbm‰NPe#]^l ghfl _hkf‰l Zo^\ e^ ghf `7‰g‰kbjn^ k oZeZae^ Mbefh*!^g ]^l ik‰_bq^l @n)' bWb)\ab)* k .y QZkb‰m‰leri^l* k P$ G^l oZe#b‰m‰leri\l l^ ]‰lb`g^gm iZe# e^l ghfl ghggZebl' x `\ggbgnl* o^e#PN' mrib\nl $^'Y Z' nf%* GJe#ljn^ iZe# D\ x \aZg`#$#f^gm ] n De,EeeliŽ\b_bjn^' e^ mri^ oZkbŽeZe\aZg`#\ x Znllb' hg \ahblbkZ ‰o\gen\ee^f^ge ng ]\l jnZme#^ jnZeb_b) \\ \Zmb+#l\b)]\llnl ]‰lb`g‰l' ghg \g\hk^ gmbebl‰* k Q$ G^l ghfl ]\ oZkbŽm‰l_hkf‰l Zn eDehr^g ]^ ik‰_bq^l k ]hbo^nm' Zg e^gg^ ]^l D%E#\l\kbimbhgl \b)]\llnl' Šmk^ x k^*b\e‰l>JEe-e-e^ ghno^Znq ghfl' i* ^q* A#\len\Z e#n[kZ k `#^gnbgZ Bk* ^e*B* $^e*ghg iZl \nkn[kZ =Z\d*%' Okbeb\nf k k^i^gl erib\nf $\mghg iZl ^nk^i^gl <=O* V$12 PW`' k ?Zgl D\ \Zl ,-- ienlb^nkl `#\gk^l lhgm x e#‰ngblb- mbee#^]^ lhnl)`^gk^l ,-- ]^ l^\mbhgl lhnl ng ghf x \hee^\mb_' \^ee^ ]^l ln[]boblbhgl jnb Z ‰m‰XZiDgl Zg\b\gg^) x Dee^gm]blebn`n‰$# hn ]‰^kbe\ i^ne \hgN$'D#o^e#lhg ghf $^q* 6 k k )$#n $ $D ln[]boblbhgl e^nD#fg` `#‰g‰e#bv eE^* k ?Zgl e^ $#Zl,-- ienlb^eee#l ^liˆ\$#l lhgm k‰ngb^l „ mbmk^]^ x lhnl)^liˆ\^l hn ]\ oZkb‰m‰llhnl ng DRDDE\hee^\mb_' \^ee^ x ]^l ln[]boblbhgl jnb Z HDWD^iXgl Zg\b^gg^f^gm ]blmbg`#n‰^ k hn ]‰\kbm^i^ne ^hgl^e#o^k lhn ghf $^q* 6 NZqb_e#Z`#eZli^kZ x G* lee[li* Cli^kZ =nb#DE*%'hn 8#mk^ie#•\•]‰^ ]n ie#‰_bq\)^n x $ D'Bkhni\ a]`#h)leebll$v' Ze# *0I PW`Sa03 ?E?" i*i*' Zgg* -5$2%* < CO* 13* GJe#ljn#ng^ l^\mbhg hn ng^ ^liˆ^^ \lm ihkm‰\ ]Zgl ng Znek^ `#\e-E#^' ehkljn#nee\ rZkb‰e‰hn ZnmX#\]boblbhn ]^ D#\liˆk^ ^lm ihke‰^ Zn fŠkg^ mbmk^]Znl DDDC%Znee#^$#liˆ\^' --# Dehf ]^ eZ l^\ebhg' --# ghf lievkb_bjn^ hn D\ ghf ]^ eZ ]boblbhg ]#^liˆ\^ lnalblm\' „ Deehbgl jee> ]Zeel eZ ghno^De^ ihlb mbheebe g#^lblm^ ---- ]^l haleZ^e\l bg]bj n‰l Zn q Z]b\e^l 2. ^e $%6v* ) 53)) )))v)))))))))))))))))))))) )))))))))))))))))))))))))))))))))))))))))))) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* ))))))))))))))))))))))))))))))))) 9SaaS Z\aW\[ O \PaS[YY -3 IDW'GRO[` `\[ S[`SZPYS4 S[ "jO Y"rR_b3aWD?YhW_WYYYWaWE?"DmDPaY"Y(YY(Y"\W`c\a"3_' ) 54) O^qm^]^l Ghbl ]^ -423* eW#Dhmbhglghno^ee^l* k ]#^li•\\ ]‰c„ Zgm•e#b^nk^f\gm ^fiehr‰ ]Zgl \^ `#^eee#i*Z$ $Ch\a^leie# ke]^l' Zkm*c' Zeen* DN$.%* *W-W-#*> •3* x GJe#l ]be me#Zeel_^e#e]#nee^ ^li•\^ ]#ng `^gk\ k ]Zgl ng Znmk^' D^ Dehf li‰\b_bjn\ ikbfbmb_ ]hbm' ]Zeel eZ k k•`#e^' •me#^\hnl\e#W#‰'{ $WQb^g\k Mhe#l\ae*' Zkm*.' Zef* ON$1%* x ]\ ie#bhkbm‰'Šmk^lbfie^f^gm \hgl$'kr‰ +,, \hgl^kr‰ \hff^ x \hfie‰f^gm ]^ [bg8~f^* { $,* F*' >h]^q e-DZmnknl' v N_ Zggh OWEJE%* ]brblbhg ]#^liˆ\\ k ]hbm leealblm^k %E' „ Eeehbgl jn^ \eZgl eZ Dehnr^ee^ ihlbmbhg be ee#^qblm^ePe \e^l h[lmZ\D^l bg\ebjn‰l ZeeS Zkmb\D^lk ]^ eZ l^\mbhg B* { k ?Zgl D\ \Zl hm#Geee^ ^liˆ\^ Z ‰m‰Zg^~\gg^f^gm \hglb\e‰k‰^ x \hgng^ e^ mri^ ]#PDe `^gk^ ]blmbg^m' hg ihnkkZ \JDEl^ko^k k ^hkgf^ ghf li‰\b_bjee^ e#Zg\b^g ghf `#‰fWD#bjee^$iZk ^q' 6 k Khm^DembeDZOJe#eg^gmbeeZI^lme* Z \Zeel^ ]n OJe#f^gmbeeZ k ^e#^\mZG'%* { $BD#hni^ [^D`#h)lnbll^' Zkm*8/& Zggh e$EJj'% J[l^koZmbhgl ]n kZiihkm^gk* O^qm^k^\hffZg]‰ iZk eZ >hfbgbllbhg* OkZ]n\mbhg ]n kZiihe#m^nk NPe#--#m^qm\Zg`eZbl* >^m Zkmb\e^ g^ W!bl^jn^ e^l ^liˆ\^l' Zehkl jn^ #Ze#m*02 ]n >h]^ ]^ -423 W)blZbmZnllb e^l ln[]bW!blbhgl ]#^liˆ\^l' Zbglb jn^ e^l `^gk^l ^me^eee#Nln[]brblbheeN* Deg#r Z e„' ]#ZbDD^nkl'jn#ng^ oZkbZgm^ ]^ k‰]Z\ebhee^g \\ jnb \hg\^e#g^ e^l ^liˆ\^l7 e^ f•f^ Ke#bg) \bi^ ^lm ‰ghg\‰ ]Zgl D#Zke*13 Y ) 9SaaS *??\aW\*(["O ]O` \taSG???RS (@\We% OkZ]n\ebhg ]n D#Ziihkm\nk NPe# e^ m^qm^YZg`zeZbl* bWDŠf^ h[l^gZmbhg jn\ \b)]^llnl* >^P^ kˆ`#e^ Z[lhen^ g^ i^nm Šmk\ fbl^ ]#Z\\hk] Zr^k e#Z]* 0 ]^l kˆ`e^l ]e# Chka^lm^k' jnb bgm^k]bme#^fiehb ]\l ahfhgrf^l* ) =SaaSZ\aW\*( *("O]O` \PaS[b RS (@\We' OkZ]n\mbhg ]n D#Ziihkm^nk NPe# D\ m^qm^ Zee^fZg] * e^b ^g\hk^' e^l ^liˆ\^l lhgm l^e]^l rbl‰^l' mZg]bl $Vmb^e#Zkm*02 ]n >h]^ ]^ -423 rble# mhnl eil `khnX #l* ) =SaaSZ\aW\[ *("O ]O` \PaSY(b RS (@\W'e' OkZ]n\mbhg ]be kZiihkm^ne# NPe#--# m^qme#ZDD^kgZg]* >^mm\ e# : *6)e^g^ W!bl^$VP#DDC\Zl li$#^bZe ]^ e#Ze#m*02 ]n >h]^ ]^ bJ@2) & AS` RSbe `bXY_OUS`R\[[r` o QSaaSZ\aW\[ `O[a ]DYY_& bb` RS _S[b\W` o Y"O_a' M# $3* OkZ]n\mbhee ]n kZiihe#m^nk NPe#D\ m^qm^Zee^fZg]* GZ _bg ]^ e#Zebg‰Z$$ Deg^ l^kZ e#^fieZ\‰' ^m^*%%%l^ e#Ziihezm^V e#Zkm* e[' Jeb gJeel e#Zrhgl ieZ\‰* ) =SaaSZ\aW\*( O \PaS[YY RSbe bO(e' =SaaSZ\aW\*( O \PaS[YY G= b\We' AS ]_SZWS_ OYW[rOS`a =SaaSZ\aW\b O \PaS[YYRSbe b\W'e' (( O^qm^]^l Ghbl ]^ -423* Hhmbhgl Dehno^ee^l* ))))))))))v)))) )v )))))v v)))))))))) x Nb \^i^g\eZgm' \hg_hkf‰f^gm „ \^l Zkmb\D^l' e^ ghf ]hbm k ŠmD#^\aZg`‰' ,-- enb ln[lmbmn^ D\ ienl Zg^b^g lTeehgrf^ x oZeZae^ \m' „ lhg \e‰_Znm'hg ‰mZ[ebmng ehf ghno^Zn* % $Kkhc* Hhl^hn' Zkm*13' Zggh -5,0#%* k ^hf[beeZblhg ^lm ]\ k^f^mmk^ ^g aJeeg\ne# ng ghf ienl k Zg\b^g \e#\liˆ^^' \b\ lhnl)^liˆ^^' ]\ oZkb‰m‰hn \b\ oZkbZmbhg*%% $Kkhihl* CZkoZk]' Zkm*13' Zggh -5,0%* J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* >^ ]^kgb^k Zebee‰Z_Zbm^qZ^m^f^gm ]hn[e^ ^fiehb Zo^^ D#Zkm*20 ]^l Ghbl ]^ -423* Ihnl fZbgm^ghgl b^b^^mm^ikhih) lbmbheeihnk eZ _JD#eg^^mihn # Šmk^\hfie^m' fZbl lZgl eZ k‰i‰e^k„ e#Zkm*20' inbljn#^ee^ i ^qblm^]‰c„* OkZ]n\mbhg ]n kZiihke^n # ln # D\ e^qm^Zg`eZbl* ) =SaaS Z\aW\[ #Y\PaS[YY YY[S(@DW'G' =SaaS Z\aW\[ O \PaS[YY hZS HDW'G' O #Z]n\mbhg ]n kZiihkm^nk NPe#eK e^qm^ Zg`eZbl* >^em^ ikhihlbmbhg ^lm bg\hkgieˆm^ 6 e^l Znm^n #ln^ ]bl^ge kb^g ]^l Znmk\l \Zl $mkZglihe#m]^ln[]brblbhgl ]^ `#^f^l ^e ]#^liˆ\^l% ik#‰rnl„ E#Zkm*13 ]^l Ghbl ]^ E 423* ) =SaaS Z\aW\[ O \PaS[YY ah"\W`b\We' GZ _bg]^ e#Zkm*13 m^ee^jn^ eZ ikhihl^ H* ]^ CZr^d l\ kZiihkm^ „ e#Zkm*2.' -^ Zebg‰Z'hbeD\kZiihkeŠn'# e#ZieZ\‰^*) =SaaSZ\aW\[ O \PaS[YY ah"\W`b\We' GZ Nh\* [hm*]^ Afg\^ m^kfbg^ ^^mZkmb^e^iZe#DeDD^ienZl^ k^eZmbo^Zn fh]^ ]^ \bmZmbhg]^ D#Znm^nk']Zgl e^ \Zl ]^l ^liˆ\^l ]‰ieZ\‰^l*>^mm^ien#Zl^ l^ kZiihkm^ VdeZ l^\ebhg 0' Zkm*1-' ,-- D\ kZiihkm^nk e#ZieZ\‰\* ) =SaaS Z\aW\[ O \PaS[YYWZS b\We%S[ Q\ZPW[OW`\[ OcSQaO_a' >+U./( "!! A A O^qm^]^l Ghbl ]^ -423* A Hhmbhgl gJe-o^ee^l* )v))))))))))))) Y )))))))))) )))))) )))))))))) $(5,$ '-%&' $ Ghkljn ;5/ : 197=//" ! 6; 44*) 9>83/ 0 19# $b iˆ\\l' m ^lm ih^m•^ ]Zgl ng Znm^\ `#\_ee#^'-,e#ljn#nee^ & ln[) ]brblbhg ]e# e#iliˆ\^ \lm KJe#m•>]Zgl ng^ Znme#\ \liˆ\\' D\ _bhf & li•\b_bjn^ hn D\ ghf ]^ eZ ]boblbhg ]#\liˆ\\ k ]hbm x ln[lblm\e#' m „ fhbgl jg^ ]Zgl eZ ghgo\ee^ ihlbmbhg' be g#^qblm\ ng ]^l h[lmZ\e^l bg]bjn•l k ]Zgl e^l m Zkmb^e^l x 15 „ 21 m) ( k IhmZfkg\gm eh^ljn#n_e^ \liˆ\\ ^lm mkZgl) x ih^m‰\ ]Zgl ng Znmk^ `^ge#\' D#•ibmaˆm^ li‰\b_bjn\ ]hbm k ln [lblm^k' fZbl l\ne\f\n m ]Zgl D\ \Zl ,-- eZ]bm\ \liˆ\\ b$ g#ZnkZ iZl k\v'vn Zgm‰^b^nk^f\gm ng ghf [bgZbk\ ]Zgl D\ k fŠf\ `\g^\7 Vhnl DeJfl li‰\b_bjn\l ihlm‰kb\ne#l \k‰‰l k ]Zgl \\l \hg]bmbhgl l^e#hgm^\c\m•l* ) @q^fie^l 6 k Ib`^b) k m^beZ gb`f C\b\a[* V)$-41-% ^lm „ E#^c^m^e#'[b^g jn^ Gbgg‰ k Zbm\k‰‰^g -31/ e^ ghf ]^ NZmrkbnf gb`knf ihn^ \^mm\ k ^liˆ\^' iZk^e# jn^' ]ˆl V4-4' Cb\aZk] ZoZbmZii^e‰ \^me^ k fŠf^ ^liˆ\^ Ib`^b m^eeZZg`nlmb_hebZ7 >Zehlien^^bZ ine) k ^a^eeZ <* F^kg* $-44/% ^lm „ D#^*b^m^k'[b^g jn^ K^e#lhhg Zbm k •mZ[eb ^g -4,- ng Nien^kbZ ine^a^eEZ KJPD#\\ fŠf^ \aZf) x ib`#ghg' iZk\^ #jn^' ]ˆl -42/' Oneff^ -#ZrZbm ghff‰ k >ZXhlien^'#bZ ikbg^^il 7 e^l ghkgl l^nel ]^ Ib`Obm^XXZZn`nl) k mb_hebZCb\a* \m >Zehliak^'#bZ ikbg\^il OneZlg^ lhgm „ \hg) x l^kr^k ihn^ \^l \liˆ^^l jnZg] ^We^l _b`nk^gm ]Zgl e^l $b `#^eee#^lIb`kbm^eeZ \m >Zehlia'\kbZ* k Ghkljn#ng Znm^nk m^Zglihkm^ \eZgl ng `#^ge#^ ghnr^Zn k ]^l ^liˆ\^l ]•c… \e•\kbm\l' e^l jnZeb_b\Zmb_l li‰\b_bjn^l x$ ]hbo^gm Šmk^\hgl^ko•l „ fhbgl jg#bel g#^qblm^gm]‰c„ ]Zgl k \\ fŠf\ `^gk^ $ahfhgrfb^%* ) @q^fie^ 6 GZmarknl k enm^nl Hfg\a $-350% Zggbabe^ GZmarknl enm^nl K^m^kf* k $-405%' \k•‰ iZk K^m^^fZg ihn^ e^ mkZglihkm ]Zeel D\ `^gk^ k GZmaEe#eel]e# D#Jkh[nl enm^nl G*7 \m' ]Zgl \\ \Zl' Pbe ghf x DDJeeW#^Zg]hbm Šmk\ \^x$‰$GZmarknl Gbgee8^b Chn'W#' -455 k KJPD#D\ G* enm^nl K\m\^f* ghg HZvg\a%* m $eehn'T' Zkm*13' Zggh -5,0%* 9 MO* 02 YWW`' 9SaaS Z\aW\[ O OPaS[b a_\W`DDW'G%R\[a b[S S[ S\ZPW& [9YY`\[ O\SS ["O_a' @02 Sa YY(?SS[ S\_[PW[OW`\[ OcSS M"O_a'@./" G^ kZiihkm^nk' ^g k^ie#h\enblZgm ^^mm^ikhihlbmbhg ebeZ ieZ\^ jnb enb ^lm Zm*mkb[n^^iZe# l^l Znm^nkl' ]hbm Zmmbk^kX#Zm*m^gmbhee lgk NJebfZgjn^ ]^ \eZkm^*Pg DeJf gJeer^Zn ^k^^ iZk b`#eDh) kZg\^ ]^ eZ [b[Ebh`kZiab\ ]hbm _hk\^f\eem Šek^ Z[Zg]hgXE$W#^ee r^kmn ]^ e#Zkmb\E^-1* HZbl eZ ^k^Zmbhn ]^ DDhfl eDhnr^Znq i^gm Šek^ fhmbr‰^ iZk X#hal^e#rZmbhee]#Zeem*k^lZkm*b]^l]^l Ghbl %Zke*10' 13' 14' $%h/,' \D\*%*G^l fhml k lhbm mhnm^Znmk^ ^Znl^ %%f•kbm^kZb^gm ]hg^ Zn fhbgl ng \hff^gmZbk^ jeeb ^g ik‰\bl^ eZ ihkm^^* ) 9SHS Z\aW\[ O \PaS[b YY[S\\W3N$' >^mm^ikhihlbmbhg D-$%l#Ziiebjn^ jn#b Pbe \Zl li^\bZe ]•cb ik‰rn iZk eZ k‰]Z\mbhgienl `\n\kZe^ ]^ D#Zkm*13 ]^l Ghbl* ) 9SaaS Z\aW\[ O \PaS[O 06\\W4N$' r )) -,- ) O^qm^]^l Ghbl ]^ -423* eQDhmbhglghn o^ee^l* 'WCO*< 13 `dPcT["( k Ghkljn#ng Zn m^f# \k•^ ng `^gk^ b$ ghnr^Zg Neekgg^ ^liˆ\^ ]‰c„ ]‹\kbm^ ]Zgl ge Znmk^`^gk^' ! fZbl b`#ghk•\ hn f•\hggn\ ]^ enb ihnk nee^ kZblhee jn^e) e \hgjn^ $beelg__blZg\^ hn ^kk^gk ]Zgl eZ ik^fbˆk^ ]^l\kbi) ! mbhg' ^m^*%'D\ ghnr^Zn ghf li‰\b_bjn^ ]hbm Šmk^\hgl^ko‰' x fZe`k‰ eZ ikbhkbm• ]^ e#Zg\b^g' Z_bg ]#‰rbm\kng^ lueDhDeufb^ b$ bggebe\ ^e \g\hf[kZgm^* x GZ ]‰lb`gZmbhg [bnhfbgZe^ Zge•kb^gk^' ^hgl^kr‰^ \hfEee^ k l'W!ghguf^' lZno^`Zk]^ D\ ]khbm ]^ ikbhkbm• ]^ D#Znm^gkke^ k eZ ik^fbˆk^ ]^l\kbimbhee* { $Nh\* [hm* AD#*'Z]* 13 `dP cT["&Zggh D`h v%* k ab•kZ'#\abjn^' lhg ghf i^ge ^g fŠf^ m\fil lhn $DE#hbm]^ ! k ikbhkbe‰* k fZbgmb^g ]^l ghfl ikbkgbmb_l^lm l>DDe^f^gm _Z\nemZmb_*m $eWDbbe x n^kZbmkD#nee^_Z‡hee•ob]^ge^ e#^g^nk +,, eZ \Jee_nlbhee* { #+) C)' >h]^q ^f^g]* lnii *' Zke* 14' Zgee* -454%* k ab•kZk\abjnt#' lhg eeJf k^lm^' ihnkon jn#be ZbmeZ Xpbhkbm‰ x ^e g^ lhbm iZl i'#‰h^^ni• $rh'W!*v 4 ]be >h]^qkgZmne#Pl%' k Ze#^\ eZ kgŠf^ \bmZmbhg]#Znm^eee##@$$)%1 ]n ]bm%^e*‰T^g) k mn^ee^f^ge Zo^^ ng \aZg`^f^gm ]^ ln__bq^ $rh*%!*w / ]n k ]bm%* k GJe#Njee#PDe`khe+i^ ^lm Z[Zbll‰' NJeDDehf i^nm Šmk^$#$%Ee) b$ l^g‰ Zr^^ ]^l e#t#lme#b\mbhgl]bZvW'Dehlmbjn^l*DE i^nm Šek^ k k^c^m‰lb ]Zgl lZ Eehne#t#eD^lbenZmbhg bE]^rc^Eem PDe \JEeGk^) W$l^EeNJe PDE>\Znl^ ‰W#b]^eEm^]#^kk^eek ^G]^ ^JDe_eelbhDe* -,- J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* >^P^ ik^l\kbimbhg ‰jeeboZnmVd D#ZggneZmbhgikZebjn^ ]^ \^XE^jnb ^lm ikhihl‰^ iZk eZ Nh\* [hm* ]^ Ak* V D#Zkm*13 aSY"' Nb \^l ]^gq ikhihlbmbhEel ‰eZb^gmZkehim‰^l'be _Zn]kZbmbgmkh) ]nbk^ ]^l \aZg`^f^gml ]Zgl eZ k‰]Z\mbhg bfi‰kZmbW#^]^ D#Zkm*1/ aSY"\m ]^ D#Zk *2,' 1y* ) =SWYSZ\aW\[ O \PaS[b '* c\W3Q4b[ ^bOaY"WqZSc\aO[a ["OQQS]aSY"O_aWQYS^b"OcSQ OZS[RSZS[a' AO Y"rROQaW\[]Y"WZWaWcSO \PaS[b / c\We' OkZ]g\mbhg ]n kZiihkm^gk NeekX^ m^qm^Zee^fZg]* C‰]Z\) mbhg \hg]^gl‰^ ^ee W#n^]^ XZ\eZkm‰7D#b]‰^]^ D#Znm\ebk^lm ^qZ\m^kg^Eemk^ee]g^* ) =SaTS Z\aW\[ O \PaS[b RSb34QcDYK' OkZ]n\mbhg ]n kZiihkm^nk NPe#D\ m^qm\ Zee^fZg]* >^mm^ ikhihlbmbheE _Zbm^g iZkmb^ ]hn [D^ \f ieh b ZW#^\D#Zkm*05 ]^l Ghbl ]^ -4237 HGLA" D\ k^le^ ]b^ \hkgieˆe^ iZkmb^DE^f^ge e#ZkG2/* $QJ%* XZghG^ ]n kZiihe#m^nk#a D#Zk *2/%*) 9SaaS ??(%\aW\[["O ]O` \PaS[b RS c\We' OkZ]ee\ebhg ken kZiihkm^nk NPe#D\ m^qm^Zee^fZg]* ) 9SaaS ??(%\aW\[["O ]O` \P aS[b RS c\We' e^b ^ee\hk^' eZ l^\hg]^ iZkeb^ ]^ ^^m Zebg‰Z$v -4% _Zbm e#h[c^G]#ng^ ghe^ ]be kZiihkm\ne# „ D#Zkm*2/* ( ,+- ( O^qm^]^l Gh#bl]^ -4B3* Hhmbhgl ghnr^ee^l' k Pbe ghf ]^ l^^mbhg i^nm Šmk^ienl 'f^b^g jn#nn ghf ]^ `^f#\' Xhkljn^ \\Enb)\b eD^ i\nm ihnk ]#Zgm*D#\lkZblheel Šmk^ k Ziiebjn‰ Zn `^gk^7 i' ^q' WQbmaZgbZKZnjnr ,3-/ \nf x v KarlZXh]^l +' C) $H^^g\a -350 ghg =h^af' -3$,%' k >Zkrhim^kbl =PDD`^ -46v1 D#nf v =Zk[geZ +' C' $Ghnk* k A33, ghg C^]p* ajR$' #+) C! >h]^q fZm*WDD#nl'v -, >' v -4 \m v . MU&+1*2*$' x D\ fŠkg^ `^gk^' hn jn#be g#^qblm^ ,,,, ]^l h[lmZ\e^l bg]cjn‰l k Zeeq Zkmb\e^l ]^ eZ l^\mbhg 2* { $Be#Jni^ [^e`#h)lnbl8h7\' Zkm*14 PW`ikh iZke^' ZgeE* -W%,0%* J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* v')))v)))))) ))Y* '(((( GZ ieZ\^ ]^ \^e Zebg‰Z^lm ]b__b\be^ bD]‰m^kfbg^k* DEg^ l#Z`bG iZl e„ ]#ng^ bg_kZ\mbhg „ eZ ikbhkbm‰) \^ jnb l^f[e^ k^llhkmbk ]^ eZ ihlbmbhg ]hgg‰^ iZk -#Znm^nk „ lhg v - M> ) inbljn^ Hhf\a ^m Ghnk^bkh hgm ]‰\kbm ]^l `^gk^l \e *#W-*Fnges^ ]^l l^\mbhgl' `khni^l jnb g^ lhnm iZl ]^ fˆf^ kZee`* DDZ iZkn Zn kZiihkm^nk jn^ eZ ihkm‰^]^ \^P^ ik^l) \kbimbhg k^llhkeZbm fb^nq' ieZ\‰^ „ -#Zkm*14* ) 9SaaS Z\aW\[ ["O ]O` \PaS[b RS b\W%_' <=O* 14* k Ghkljn#nee^ lJe l)mkbef ]^ob^gm mkb[g' jn#ng\ G^ `Ohni^ ]^l [hmZgblm^l [^e`#^l ^mlnbll^l 8DbW#bl^e#Zk *14 k mkbEf ]^W#b^gmlhnl)_Zfbee\' jn#ng^ lhnl)_ZfbeD^ ]^W#b^gm ^g mkhbl Zkmb^e^l iJeek e^gbk \hfim^ ]^l fh]Zebm‰l ]bo^kl^l k _ZfbeD^' ^m\*' hn jn^ ]^l \aZg`^f^gml hgm eb^n ]Zeel ik‰l^gm‰^l iZk ]^l \Zl ]bme#‰k^gmllnbW#Zgmjn#be l#Z`bm ]^ k e#hk]^^ bgW#^kl^'D\ eDhf g^ \aZg`#^ iZl' fZbl l^ne^f^gm eZ `khni^l lni‰kb^eee#l Znq `^gk^l' ]^ `^gk^l ^m ]^ e^nkl k ]‰lbg^g\^ $)bf^' )^"' )hb]^ˆ^' )Z\^\^' )bg^\^' )Ze^l' ^m\*%'„ ln[]bW#blbhgl' ]#^liˆ\^l ^m ]^ e^f#l ln[]bW#blbhgl* ) 9SaaS x Deehbgl jn^' ]Zgl eZ ghno^eD^ ihlbmbhg' bc g#^qble^ ng ]^l Z\aW\[ O \PaS[b .- c\W4_' k h[lmZ^e^l bg]bjn‰l Znq Zkmb^e^l]^ eZ l^\mbhg 2' hn jn^ eZ x ghnW#^eE^]‰lb`gZmbhg g^ lhbm ng^ \Znl^ ]#^kk^nk' hn ihnk k mhnmZnmk^fheb_ _K#Zo^*m ( Mˆ`E^* G^l Zkm*2. \m 2/' Znqjn\el be ^lm _Zbmb\b ZeEnlbhg' eD^ mkZbm^gmiZl ]^l `khni^l ‰e^W#‰lhn Z[Zbll‰l' fZbl ]^ `khni^l ]‰ieZ\‰l lZgl \aZg`^f^gm ]^ kZg`#' \^ jnb ^lm ‰W#b]^ff^gm ePe hn[eb ]n k‰]Z\m^nk ]^l Ghbl ]^ ,312' GZ _bg ]^ eZ ikhih) lbmbhg _Zbm]hn[e^ ^kgiehb Zgv\ -#Zkm*20* ) 9SaaS Z\aW\[ O \PaS[b b[S c\We' OkZ]n\mbhg ]n kZiihkm^nk NPe#X^ m^qm^ZeE^fZg\e* >^P^ ikhihlbmbhg ^lm bg\hfieˆm^ ^ee \^ l\gl jn# \eE^ g^ ik‰W#hbmkb\g jnZeD] ]\l \aZg`^f^gml hgeeb^n ^g l^gl bgW#^kl^*) 9SaaS Z\aW\[ O \PaS[b 2 c\We' 9SaaS Z\aW\[ O \PaS[b -4 c\W4_% <=O* 14 PW`' k Ghkljn#nee^ l^\mbhg hn ng lhnl)`^gk^ k ]f#b^gm Deme`^gk^' Je j n^ ]^l \aZg`#^f^gml hgm eb\n ]Zgl k D#hk]k^ bf#^kl^' E^l gJDeeNZg\b^gl ]hbW#^gmlg[lblm^k' ihnkW#n k jn#be g#^g k‰lnem^iZl ]^n6W6`^g^^l ]n fŠf^ ghf ]Zgl e^ k kˆ`g^ W#‰`‰mZe'hn ]^nq ln[]boblbhgl ]n fŠf^ ghf ]Zgl k e^ fŠf^ `^gk^' hn jn#bE g#^qble^ ng ]^l h[lmZ\e^l bg]bjn‰l k Znq Zkmb\e^l ]^ eZ l^\mbhg 2* m ( Mˆ`e^* OkZ]n\mbhg ]n kZiihkm^nk NPe#e^ e^lm^ ZeE^fZDCD*>^mm^ ikhihlbmbhg ^lm bg\hfiXˆm^ \g \^ l^eel j n#^eD^g^ ik‰W#hbmkb^g ihnk e^ \Zl Jee ]^l \aZg`#^f^gml Jeemeb^n ^g l^gl beeW#^kl^*) 9SaaS Z\aW\[ O \PaS[b 1 c\W%e' ) -,/ ) #k^qm^]^l Ghbl ]^ -423* Hhmbhgl ghno^ee^l* )))))Y*Y)))) k „ XZl^^mbhg $%*{ $Bkhni^ [^e`#h)lnbll^' Zkm*14 cT["&Zeee *-5$0%* N@>ODJI$%* N@>ODJI1) k ihbg m]^ W#mD^`kZffZmb\Ze m hn ihnk mhnmZnmk\ fhmb_ \hg) m^lmZ[e^hn ]^ i^n ]^ rZe^nk* .y k AA^qblm^ ]‰c„ \n shheh`b^* k /y H[ [OZ S`a [G[ [\Z' G^l [bnhf^l $ghfl [bnnbk^l% k ahfhgrf\l m^el >Xn^ >nfbgnf >rfbnnf G*' Kbnnl x Kbg^Z G* ^mD\l ghfl „ ^hgmk^l^gl $IhfbgZ bg^imZ%Ee^lhgm x iZl ]•lbkZae^l' fZbl g^ ]hbr\gm \^i^g]ngm iZl •mk\ k^c^m‰l*{ #+)C)' >h]^q fZmnknl' v ,+ O%S&S%ZDDD -5,6-%** 'WMO*-/15*Inen#^lm Znmhkbl‰„ \aZg`#^k nn gZf k $gb ng^ k ^hf[bgZblhg ]\ ghfl% m lhnl ik‰m\qm\jn#be ^lm fZe \ahblb' jn#be g#^lm iZl Z`k‰Zae^' jn#ng Znmk^ ^lm f^bee^nk +,, ienl ^hggee' k gb „ ^Znl\ ]^ D#^qblm\g^^ ]#ng ahfhgrf^ ienl k Zn^b^g \m ngbr\kl^ee\f^gm \hglb]‰k\ ^hff^ ghg rZeZ[e^' m gb ihnk mhnmZnmk^ fhmb_ \hgm^lmZ[D^ hn ]^ i^n ]^ oZe^nk* $Kkhi* CZkrZk]' Zkm* 15' Zeeee* -5,07 Kkhi* =kbmbla Hnl^nf' Zkm*15' Zef* -5$0%* =SaaSZ\aW\[ O OPaS[b +) b\We' OkZ]n\mbhg ]n kZiihkm^nk NPe#e^ e^qm^Zg`eZbl* Kkhihlb) mbhgbg\hfieˆm^ jnb g^ ik‰ohbmkb^g ihnk e^l \aZg`^f^gml jnb hgmDb^n^g l^gl bgo^m#l^*)6) =SaaSZ\aW\[ O \PaS[b b[S GC[J( AO %'rROQaW\[]_WZWaWbSO \PaS[b aWXbO(e%Obe^bSaYS` =SHS Z\a(\[ O \PaS[b 3 b\W4@4' .! $.nZg] be _hkkg^ ]hn[e^ ^fiehb ]Zgl e^l nhkgl ]^ \eZll$vl hg ]^ `#$fk^l' hn ]Zgl e^l ln []boblbhgl +,, ^liˆ\^l ]g fˆf^ `#^eem#^'+,, ]Zgl e^l ln []boblbhgl ]^ eZ fˆeee^ ^liˆ\^' 6-! LnZg] be ^qikbf\ ng \ZkZ\eˆk^ hn eebeZmeE#befeihlbmbo^) f^ge _Znq ]Zgl eZ mhmZebe^]n `e#Jgi^ ^g jee^lebhg' hn l^ne^) f^ne ]Zgl eZ fZchkbe‰ ]^l ‰e‰f^gel jnb D\ \hfihl^gm* 0y LnZee] be ^lm _hkf‰ iZk eZ \hf[bgZblhg ]\ ]^nq eZg`#n^l* 1, LnZg] be ^le \hgmkZbk^ ZebS Ckeb\e\l ]^ Dgl^\Vbhee 1* <=O* < 2,* >DR>DeDe]hbe l\ k^_nl^k „ Z]f^emk^ ePDeDJDee ]Zgl e^l \Zl lnboZeeml 7 D! LnZg] \^ ghf ^le Ziiebj n‰]Zgl D\ kˆ`g^ o‰`‰eZe„ ng `Ohgi^ gJDeef‰ Zeee‰kb^nk^f^ebe]#gg ghf oZeZae^* .y LnZg] be_JD#f^ ]hn[e^ ^fiehb ]Zgl e^l DeJfl ]^ \eZll^l hn ]^ `^g k^l' hn ]Zgl e^l ln []boblbheel hg ^liˆ\^l ] n fŠf^ `^ge#^' hn ]Zgl e^l lg[]boblbhgl ]^ eZ fˆf^ ^liˆ\^* 6-y LnZg] be^qikbf^ gee \ZkZ^mˆk^ hn Pbe Zne#b[n Aihlbmbo^) f^ge _Znq ]Zgl eZ ehegebe‰]n `e#Jni^ ^g jn^lmbhg' hn l^ge^) f^g!m ]Zeel eZ fZchkbm‰]^l ‰e‰f^gel jgb D\ \Jeeeihl^gm* 0y & 1y LnZg] be ^lm \hgmkZbk^ Znq Zkmb\e^l ]^ eZ l^\ebhg 1* $<* ?>*' Ihno* C^f*' i* 30' Zkm*2,' Zggh -44/%* aZ\gg ]hbm l\ k^_nl^k „ Z]f^mmk\ ng ghf ]_eeeNe^l \Zl lnboZgml 6 -y LnZg] \^ ghf ^lm Ziiebj De‰]Zgl ASkˆ`#g^ o•`‰mZe„ n g `-#hni^ ghff• Zge$vkb^nk\f^ge ]#ngghkg oZeZae^* .! LeeZg] be_JE#f^ ]hg[D^ \fiehb ]Zgl e^l Dehfl ]\ \eZll\l hg ]^ `#\ge#\l' hn ]Zgl D\l lg[]boblbhgl hn ^liˆ\^l ]g kgˆf^ `^ge#^' hg ]Zgl e^l leea]boblbhgl ]^ eZ fˆf^ ^liˆ\\* /y 0y & /y LnZee] be^le \hgmkZbk^ Zgq Z-#mb\e^l]^ Dgl^\ebhg 1* x ?hbo^gm ^g hgme#^Šmk^k^c^m‰l7 0! k G^l ghfl `#‰g‰kbjn^ljnb g^ lhge iZl Zn ghfbgZmb_ ^m k Zn lbg`neb\k* 1y k G^l m^kf^l m^\agbjn^l [he6eDebjg^l ]^ _hkf^ ln[leZg) k ebo^' ehkljn#bel hge Že‰^g nlZ`^ cPNjee#7#-ik•l^gm' „ -ehbgl x jn#bel g#Zb^gm ‰m‰bgmE#h$egbmlZikˆl -31/ Z\\hfiZ`#eD•l ]^ x ghfl li‰\b_b$VeE^l* 2, k G^l [\ZW[O YY`aYOYWO' 3y k G^l =hkgl li‰\b_bjg^l jnb hge eZ _hkf^ ]^l Z]c^^eb_l x hk]bgZgq* 4, k G^l ghfl `‰g‰kbjn^l ]^ iegl ]^ lbq lrXXZa^l' e^l ghfl k li‰\b_bjg^l ^me^l ghfl ]^ _Zfbeb^l ]^ iegl ]^ anbm lreeZ[^l* k -- ^lm \^i^g]Zgm i^kfbl ]#Z[k‰`#^e#e^l eDhkgl li‰\bebjn^l x _h-#f‰l ]^ eZ k‰ngbhg ]^ ienlb\eeE#l fhel' lZgl 8cn#be#lhbm k eb\bm^ihf# \^eZ ]^ ebe#ienl \bm^k*D#Zne^eee#]g ghg * Dvghemek^ x e^l deek^l Gd \m f ]^W#b^gg^ge ]^l h^' hb' + ^eeE#hnm 8cn#ng^ k oZe^n # fhnhlrebZbEbjn^' iZ # ^q* ]Zeel >hbeh)' )hb]^l9 >h^ h' k h]^l* L! x G^l Eehfl `‰eE‰kbjn^l \m li‰^b_bjn^l Dfl‰l NDeD#]^l t$ fhglmknhlbmmWl* -,0 J[l^koZmbhgl ]g kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* ))))v))Y*Y))))))))#)))vvvvv))vvv))))vvv)) )))))))))))Y*)))))))vvvvvvvv))vvvvv) 9SaaS Z\aW\[ O \PaS[YY YY[S b\We RO[` `\[ S[`SZPYS4 ,,,, RSYYeWqZSb\aO[ a YO Q\ZPW[S ObSS YS` G??\aW\[`9 /)% : /)% < 2, 4, Sa > 2, *%) jnZm^e#' AS` ]V_O`S` = Sa / RS a"OYW[rO4 RS QSHS *?*)aW\[\[a \BS(*Y* (Y[S HDW'G' OkZ]n\ebhg ]n kZiihkm^nk NPe# E^ e^qm^ Zee^fZg] ' G^l Zebg‰Zl/ \m 0 ]n >h]^ ]^ ,3+2 lhgm mkZglihe#m‰liZm#e#Zeem^nD# „ e#Zkm*.4' +,"d bel i^e#]^gee^ne# \Ze#Z\mˆk^h[eb`Zmhbk^' -,1 O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghno^ee^l* )))))))))))))))))))))))))) )))))))) V,y x G^l ghfl `#^g^gjn^l \hglblmZgm ^g ]^nq fhml ]bl) k mbg\mllhgm \^i^g]Zgm \hglb]‰e#‰l\hff^ oZeZ[e^l 6 O' k G^l ghfl me#ˆlZg\b^gl jnb hgm mhnchnkl H‰ Z]fbl' k iZk ^q* Ln blj nZebl' =Z\\Znk^Z* P' k G^l ghfl ]#ahff^l \hg mkZ\m^l]^ _Z‡hg „ ]hgg^e# n g^ k ^qik^llbhg ‰jnboZeZgm „ ng l^ne gZf $K^me#hlbfhgbZ' k Ingg^saZkhZ* Q' x G^l ghfl `‰g‰kbjn^l ^fikngm‰l Znq eZg`#n^l [Ze#) x efk^l7 e^ ebk^ejnb k‰ngbme^l fhml ]hbm Šmk^Zchnm‰jnZg] be k fZgjn^7 hg e^l m#v\kbkZ]^ ik‰_‰k^g\^ ^g DDeDfhm* DDy x GZ l\\hg]^ fhbmb‰ ]^l Zg\b^gl ghfl `‰g^kbjn^l x [bghfbeeZnq \hglmknbml NPe#e^ mri^ ]^l ghfl li‰\b_bjn^l x G‰%e#ljn^eZ ikifbˆk^ fhbmb‰$ei ik^fb^k fh_% ^lm bg]‰i^g) x ]Zge^' \hg_he#eg^ Znq kˆ`e^l' im g^ _ZbmiZl ]hn[e^ ^fiehb k ZW#^\D^ ghf ]#ng `khe+i^ leei‰kbie-k' hg eZ \hglb]‰k^kZ k \hfgC# Degghf c#‰g‰kbjeC#W#ZeZ[e^* -.y k Pg Dehf ^qblmZgm ]Zgl eZ lrghgrfb^ g^ i^nm ienl k Šmk^Ziiebjn‰ '- DehnW'iZn]#ng^ _Z‡hee W#ZeZ[e^„ Pbe `Ohni^ k ]bg#‰k^gm6 D#^fiehb ]^l aJDeehgTEeC#lile bgm^m#]b *>^P^ x ]blihlbmbhg g#Z iZl $X']k^e k‰mkhZ\eb_7^eE8*^gmk^ Z\mn^eei) e$ f^gm \g ob`)n^nk* m #+) C)' Dv^W#*'i* q\o ^m S>W#D'Zk * Bh' Zggh -4$ED7 G) C)' >h]^q ^f^g$D*' Zk * Bh ^m3.-* x Pg Dehmg `‰g‰kbjee^ +,, Deee^ ]‰eehfbgZebhee [bgZbk^ k $[bghgC#% ---%$# _hbl m#$Wv%#D]biO^gC#gd ibe[eb‰l g^ iJeemOJg m x ]‰lhkfZbl ] ]Ze DNZf6-e-e \Zl Ik^ k\ikbl ^e Ziiebje+m#'l DDDm‰) x E#b^eek^f^ge be Pbe 7eeeme#^`^gk^ ,-- bmDeg^Zeeek^^liˆk^* m $Mh\a^le^e# E#eee^l*Zm# *0' Zgee* -4,.%* V, x LnZg] \^ ghf hn \]d \hf[bgZblhg ]^ ghfl hgm $e ]‰c„ ‰m‰\fiehr‰l ng\ _hbl ]Zgl Deg^ in[eb\Zmbhg k\f) k iebllZge e^l \hg]bmbhDDNlmbine‰^l Znq Zke* 0.)0B' \#\lm)„)]bk^ $e jnZg] be\qblm^ ]‰cbmng ahfhgrf^ Zgm‰kb^nk*{ .y d /y)1y C^lm\g * $=kbj*' i* 0,' Zeeee*-4,0%* k ]b_e#‰k\g *>^em^ ik^l\Obimbhg $hg\^ Z lrghg#rf ZepZrl Z x l#rghgrkg% ]^okZ Šmk^Ziiebjn‰^ bme#Zo^gbe#'fZbl g\ lZnkZbm k „ohbm#]#^__\m k‰mkhZ^e*b_*G^l \aZg`#^f\gml jnb hgm ]‰c„ ‰m‰ x _Zbml^g o\kmn ]^ \^P^ kˆ`)D^ ]hbW#^gmŠmk\ E#^c^m‰l*m $#Qb^mC#kQJE#l\ae*' Zkm*A' Zggh -451%* ) -,1 ) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* OkZ]ee^mbhee] ,, D#Ziihkm^Wee#lge# D\ m^qm^Zg`#eZbl* >^mm^ikh) ihlbmbhg ZDP --- D\ ^e k^fieZ^^ e^l Z-b E$WZleJ^D ., ]^ V#Zke*$%h7 fZbl eZ k•]Z^mbhg g^ mb^gmiZl $6hfim^ ]^l ghfl ]^ ln[]brb) lbhgl ]#^liˆ^^l' gb ]^l `khgi^l lgi‰kb^nkl Zgq `^gk^l* ) =SaaSZ\aW\[ O \PaS[b - c\W3Y'3%R\[a YHdS[ Q\ZPW[OW`\[ OcSQY"O_a'B ,,* ;[ \ba_S ', c\aO[a` Y"O]][WS[ao aWa_SRS G"SQ\ZZO[ROaW\[ #`O[` STTSa_ra_\OQajT$' M‰\eZ\mbhgienl `#‰g‰kZe^\en ikbg\bi^ ‰ghg^‰]Zgl W#Ze#m*; $%h ^b)\ ^llnl* ) =SaaSZ\aW\[ O \PaS[bYGG*Sc\We' OkZ\en\mbhg $Z\eZim‰^%]n kZiihm#m^nD#NPe#D\ m^qm^Zee^fZg\e* Qhbk ghmk^h[l^e#rZmbhg „ V#Zkm*.4* ) =SaaSZ\aW\[ O \PaSG?YY , c\W'03%R\[a RS['?$S[ Q\ZPW[OW`\[ #McSSY"T(_T'7 /)' ) eJB ) O^qm^]^l Ghbl ]^ -423* eQDhmbhglghno^ee^l* )))))))))))v))))))))))))) j(('((((( ))))))))v) v)v))))))))))))) )))))))))))))))) >$ i' ^q* k Gbme)Fbn%* x Pg ZgD\n^ mE#ZiZl e^ ]khbm ]^ Peh]b_b^m#„ lZ `#eebl^ ng \\ ehf `‰gb#e#bjni hn li‰\b_b8Vn\ nn^ _hbl ]Jeeg‰ iZe# enb' „ x eehbgl ]e# kfNJeeN ee#bhl`OZTiN' m^XX^ljn^ \^P^l bg]b8Vn‰^l >$ ^b)$Eillnl* m $C^k * C^`*' Z^e* AA ^e -0' Zggh -4 %3%# +,* k"XL\ZW[OD[SSTO(`O%^#^lm)bm)]bm#ie^l ghfl \e#‰‰lZ^ab) k m^Zb^^f^gm ]^inbl -4 %- ^g W#^kmn]^ D#Ziieb\Zmbhn e#‰me#JZ\) k mbr\ ]n ie#bg^bi^ jn#ng gJ ee g#^lm ienl rZeZae^ bm\Znl^ ]^ ! #^qblm^g\^ ]#ng ahfhg'of^ Zge‰e#b^ne#mhkge%$v]Zgl eZ lrgh) ! VV'kPee^*{% $>G A;' >h]\#q ^gE^g]* lniie*' Z^e* Bh' D;!' Zggh E-v E4%* x -#$ G^l gJD eN`#‰g‰e#b8Vn^ljnb lhgm ]^l e^gg^l m^^agb8Vn^l x aheZgb8Vn\l ]^ _h^f^ lnaleZgmbW#^^g DelZ`^ cnljn#7#mi^m#hl^gm k $O^^fbgb m^^agb^b [hmZgb\b lnamZgmbZe^l%' 7! Pehbgl 8Vn#bEl k g#Zb^gm‰m•bgm^h]nbel Zi^•l -3bc6vlbfneeZg‰f^ge Zr^^ ]^l x ghfl li‰^b_b8Vn^l* x 6vhG^l [KC[[[X[[^ )[Ei)G XG& ^#m#le)a)]be#^]^l DEJe-eNlbfiE\*l x ‰jnbrZeZgm V nn [bghgp hn ]^l gJe-eN ]#\libv^^l lhnl eZ k _hkf^ me#ngghf `#m#hg‰e#bjn^* k 0, G^l gJEeENli‰^b_b8Vn^l8Vnblhge ]^l Z]c^^eb_l h^\ebgZnq* x bchG^l ghfl `‰n‰kbjn^l ]^ ienl ]^ lbq lrXXZa^l $ghfbgZ k l^ljnbi^\eZebZ G*%7 e^l ghfl `‰gbve#bjn^l KJe-e#TPN ]^ x ln__bq^l hn ]^ i^‰_bq^l •e mhnl e^l Znme#^lghfl ^g `‰g‰^Ze x ]^ ienl ]^ anbe lreeZ[^l* k 2y G^l nhfl `‰g‰^bjn^l ^e li‰^b_bjn^l [Zl‰l NPe#]^l k fhglm^nhlbm8Wl' i* ^q* K^ehkbZ* x 3, G^l ghfl `#‰g‰^bjn^l _Je#Og‰l]^ ]^nq fhml' „ fhbgl k jn#be g^ l#Z`bll^ 6 O$]^ ghfl mkˆl Zg8*6•^gljnb hgm mhnchn^l x ‰m‰W#ZeZ[e^l^hfkg^ LnbljnZebl' =Z^\Znk^Z' MhlfZkbgnl 7 k P$ ]^ ghfl ikhik^l _nlbhgg‰l ^g L< l^ne $K^mkhlbfhgbZ' k Ingg^saZkhZ 8Vn^D#hg‰^kbmlZgl mbk^m^hff^ ChlfZ^bgnl' k Kl^n\eZ^Z^bZ $^m ghg K^mkh)NbfhgbZ' gb Kl^n\e)Z\Z^bZ% 7 k \% e^l ghfl mbk‰l]^ eZg`n\l [Z^[Zk^l $o^kgZ^n ZkbZ% x ^fiehr‰l ^g eb^g ^m ieZ^^ \e^ eehfl eZmbgl' kgŠf^ eh^ljn^ x eK ebe#^efZf ee # #$jmE$#-#,-- i>D#bm$#--ng fhe* ) -,2) J[l^koZmbhEWl ]n kZiihkm^ne#* O^6Wm^e#^#\hEWeDgZg\e€uE‚ eZ >Jee-e--bllbhg* OkZ]n\mbhg]n kZiihkm^nk NPe# e^ m^qe^Zee^fZg]* ) =SaaS Z\aW\[ O \PaS[b M$b\W'e%R\[Y YHWSS[ Q\ZPW[OW`\[ ObSQ Y"O_a' A /)% b[S Q\ZPW[rS ObSQY"O_a' DM/)% SY RSb'e Q\Z& PW[rS` ObSQY"O_Y' 7 /)' OkZ]ne#ebhg]n kZiihkm^ne#NPe# e^ m^qm^Zee^kgZg]*G#Ze*-.! ikhihl‰ iZk A( Fngms^ ^g -456-' l#bgl‰k^fbmW eZ lnbm^]n m^qm^^b)chbgm*) =SYaSZ\aW\[ ["O ]O` \PaS[b RS b\W'e' OkZ]n^mbhg]n kZiihkm^ne#NPe# D\m^qm^Zee^fZg]* ) =SaaS Z\YW\[ O \PYS[b /) `bT(_OUS` bW`O[a QS_aOW[`OYW[rO` ]O_aWQbYWS_`' H[S b\We O](@HWSY"OYWYYrO5! b[S ObY_S YS` OYW[rO`/' 2 Sa ==&(YHWSOba_S YS` OYW[rO`=&.' /' 0*' 2' 3' == SY +,! b[S RS_[Wq_SYS` OYW[rO`&=>&*=&*+ SY*, S[ Q\Z& PW[OW`\[ObSQY"O_a'7 /)' #$ -,3 ) ))))))))))vY*Y)))) Y)v) )))) )) )))) O^qm^]^l Ghbl ]^ -423* Hhmbhgl eehno^ee^l* k `h GZ l^\hg]^ eD-,bmb•$ Kl Zg\b^gl PJDeeN`#•g‰kbe_eD^NEEb-e,) k fbgZnq $#hglmknbm:7NPe# D\ mri^ ]^l ghfl li‰^b_bjn^l* k Ghkljn^ eZ ik^fbˆk^ fhbmb‰$D\ ik^fb^k fh_ ^lm bg]‰i^g) x ]Zg D' \hg_hkf^ Znq kˆ`e^l T g^ _ZbmiZl ]hgae^ ^eeeiehb x ZT\$v D\ ghf ]#ng `Ohgi^ lni$7kb\nk' hn eZ \hglb]‰k^kZ x \hff^ ng ghf `#‰g‰kbjn^rZeZae^* x %h GZ l^\hg]^ fhbmb‰ ]^l DeJDW-Nli$db_bjg^l ]hn[e^l' k i* ^q* k W#bk`#bgbZgZe^n\$E$6ZkigNn]phe#e m k WQZml*%E* x - ,, G^l PJDEeN]^ l\\mbhgl ]^ `$#PD#^ZP ieeeezb^e* x -X, G^l PJDEeNarakb]h`)‰g\WkbjDC#l'\#^'7m)be)]bk^]^l gJeeel x ham^eenl iZm#\hke#niebhee $#$_nlbhg ]^l XX$%fl`#‰g‰kbjn^l x ihnk ]^l ar[kb]^l' i* ^q* ihnk Cbii^ZlekneEe S >ebW#e#Z6 x CbiiJe6DbW#^ZiJeek <`OhlmblS>ZeZkgZ`Ohlmbl6 <`7kh\ZDCEgZ) x `khle bl* k -., G^ fŠf^ -Dha- g^ i^nm Šmk^ ]^nq _hbl rZeZae^ ]Zgl x eZ kgŠf^ \Zm‰`hkb^ ab‰kZk\abjn^* LnZg] e^ ik^fb^e# ]^l k ]^nq ahfhgrf^l ^lm oZeZaek' D# mhfhgrf^ l^\hg\e ^g ]Zm^ x ]hbm Šmk^ !kfieZ\• iZk D\ ienl gg^b^g ghf ‰je-bW#Ze^eem k W#geZaeK* x - /, N^nD^ ng\ ]‰\blbhg ikbl^ iZk Pbe ^hg`#e#evl\hfi‰m^gm k ihnkkg bgm^k]bk^ D#^fiehb ghnW#^Zn ]^ ghfl mhf[‰l ]Zgl W*' x eZ lrnJeErfb^ iJeek ]^l `Ohni^l ghno^Znq$k^ghnW#^ee^f^gm k ]#ahkgheerf^l%* G^l [\ZW[O \[SS TOY`O%^#^lm)„)]bk^ e^l x ?hfl Eehno^Zeeq >e#\W‰lcnljn#… ik‰l^gm ihnk k^f ieZ\^k e^l k ghfl W#ZeZ[D^l„ \Znl^ ]^ D#^qblm^g\^8D#PDeahfhgrf^ Zgm\W) k ^b^n # mhf[‰ ]Zgl eZ lrghgrfb^ \ehbW#^gmˆk^ k^c^m‰l*{ $>G F*' >h]^q fZmnkeel' v %^mv 4 O ^e S%Zggh D %Jv%* ., LPZDee- bD _h^f^ ]hn[e^ ^fiehb \eZgl e^l eDhfl ]^ \eZll^l' k ]^ _Zfbeb^l E hn ]^ `^gk^l' Je ]Zgl e^l ln[]bob) lbhgl hn ^liˆ\^l ]be fŠf^ `#^g^^' hn ]Zgl e^l ln[]boblbheel ]^ eZ fŠkg^ ^liˆ\^* /y LnZg] be^qi'#bf^ ng \Ze#Z\mˆe#^hn Pbe Zmmk#b[nmihlbmbo^) f^gm _Znq ]Zgl eZ mhmZebm•]n `khni^ ^g jn\lmbhg' hn l^nD^) f^eem ]Zgl eZ fZchkbm‰ ]^l ‰e‰f^gml jnb e^ ^JEgihl^gm x $i* ^q* 6 vv))vv))))))) vv *Yg J[l^koZmbhgl ]g e#Ziihbm^gk* O^qm^e#^\hffZg]‰ iZk eZ >hffbllbhg* )))))))))))))) )*)*))))))))))))*))))))) =SWYSZ\aW\[ O \PaS[YY +/ c\We RO[` `\[ S[`SZPYS4 YYYY ^YYOa\_gWqZSc\aO[a SYWZW[SY"OYW[rO/* ?Y`"f OX\YYaS. c\W\"K4 R\[[rS` o Y"O_a' E 2, #RW@ RS' _rROQaW\[$';[ \YYa_S\" -l cT["( k LnZg] e^ `#e#hni^ jn#be ]‰lb`#g^ ^f[kZll^ ]^l ‰e‰) x f^nml mhnm„ _Zbmbg\ha‰e#^gml' hn jn#be ]^obe#gmng^ lhnk\^ k i^kfZg^gm^ ]^ \hg_nlbhgl hn ]#^kk^nezl* %u 1, LnZg] be^lm \hgmkZbk^ Znq Ze#eb^e^l]^ eZ l^\mbhg 6E* $Be#hni^ a^e`#h)lnb'll^' Zkm*Bh' Zggh e E$0%* $D ]Zgl ng bfikbf‰ D%$%P!ng Znmk^Dc#^gk^* k -#$ LnZg] be^qblm^ ng ghf oZEZaE^ienl Zg\b^g e:Zl‰NPe# k ng Znme#^f^feEm#^ ]n f•f^ `khni^ $f‰mhnrf^%* x /y LnZg] be^qble^ n n ghf D#8eeZ[e^ienl Zn\b^g aZl‰NPe# x e^ fŠf^ mri^ $mrihgrnE^6%* x 0, LnZg] D\ `e#hni^ gZenk^e ZnjnD! be l#Ziieb8tn^ ^lm k bg]‰m^e#eeebg‰$arihgu#f^%* x O' Pg ghf li‰\b_bjn^ ^lm arihgrf^ 8tnZg] be g#Z iZl x ‰m‰Z\\hfiZ`#g‰ ]#ng^ ]^l^kbimbhg b]^gmb_bZ[e^ iZk ]^l k \ZkZ^mˆk^l ]bZ`ghlmbjn^l hn iZe# ng #e#gohb7Wng ‰^aZg) k mbeehg' ng^ _b`#nk^hn DCR eh\Zebm‰mri^l* k Q( P g ghf `#‰g‰kbjn^ hn lna`‰g‰e#bjn^ ^lmng arihgrkg^' x jnZDCD be g^ i^nm Šmk^ fbl ^g D#Ziihke' Zn fhbgl iZe# ng^ x ^bmZmbhgli‰^b_b8tn^' Zo^\ ng^ ^liˆ^^ ihne#on^ ]#ng ghf x [bgZbk^ in [eb‰^ Zgm‰kb^ne#'vf^gmhn lbfnemZg‰f^gm7 hn x 8tnZg] lhg ^liˆ^^ mri^ g^ i^nm Šmk^b$DKnmb_b‰^*m $>h]^ Zf‰k*' Zkm*]b O ^mQ& -3' -4 ^m D E'Zggh D E,0%* < -W-#*G 2,* >aZ\ng ]hbm l^ e#]nl^k 7WZ]f^mmk^ ng ghf ]Zgl e^l ^Zl lnb oZgml 6 -, LnZg] ^e#ghf ^lm Ziiebjn‰ ]Zgl e^ kˆ`g^ o‰`‰mZE„ ng ng `m#hni^ ghff‰ Zgm‰kb^nk^f^gm \e#ng ghf oZeZ[e^* .y LnZg] be _Zbm]hn[e^ ^fiehb ]Zgl e^l ghfl E^ \eZll^l' k ]^ _ZfbeE^l% hn ]^ `#^gk^l' hn ]Zgl e^l lee[Eboblbhgl hn ^liˆ\^l \en fŠf^ `#^DEe#^'hn \eZgl e^l ln[Eboblbhgl \e^ eZ fˆf^ ^liˆ\^* /y d 0y d$ohE* Zkm*.4 gJ -D%* 0y PW`'k LnZg] be^lm [Zl‰ NPe#ng^ fhglmknhlbm‰* { 1y LnZg] be ^lm \hg mkZbk^Znq Zkmb\e^l]^ EZl\\mbhg 1* $CZr^d' Ze# *Bh' Zggh X5n0%* -,4 J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* G#Zebee^Z0y aSY"%ieZ\‰ iZe# e^l Znm^nkl „ D#Zkm*16t #77 G#Z[ZeE) 0, aSY"'x LnZg] E^ `khnie# jee#ce ]•lb`#g^ ^f[kZll^ ]^l ‰e‰) ]Jee ]#nEDEehf eD#^lme^`bmbf^ jee^ jeeZg]' ]^* m$ ^lm mk#Zeel_‰k• k f^gel ,+,, d „ _Zbmbee\ha‰e#^gml'hn jn#be ]e#rb^eemeDDE>lJeek\^ b^biZe# e^ kZiihkm^nk* Qhr* D#hal^e#oZmbhee„ D#Zke*16t* k i^kDeeZg^eem^]^ >Jee_eeNbhebNhn ]#^kk^eekl* m 1, LnZg] be ^lm \hgmkZbk^ Znq kˆ`e^l ]^ eZ l^]bhee 1* ) Cˆ`e^* OkZ]n^mbheE$Z]Zim^^% ]n kZiihkm ^eeA"NPe#e^ m^qe^ Zee`eZbl* & 9SaaS Z\aW\[ O \PaS[b b[S c\We RO[` FDYWS[`SZPYS' ;[ \baY"S Y"OYW[rO34O \PYS[b - c\W'634S[ Q\ZPWY?OW`\[ OcSQR"ObYY"S`Z\aW\[`' G^ kZiihkm^nk Z _Zbm_b`#nk^k eZ ik#^l\kbimbhee k^eZmbr^ Znq lhnl)^liˆ\^l „ ]hn[e^' „ D#Zke*2, ] „ D#Ze#m*/4 "hYdaSY"%ihnk i^kf^eme#^ eZ \hfiZkZblhee Zo^^ e^l ikhihlbebhgl ]bl\hk]Zgm\l* G^ iZkZ`kZia^ Q ]^eZ kˆ`#e^ b1 ]n >h]^ Zf•kb\ZbeE ^lm k^g) rhr^ „ D#Z]* 1?) G^ kZiihkm^nk Z ZkkZeel#‰e^ m^qme#]^ ^^mme#ikhihlDeeJg ]^ _Z‡hee „ e#Z]Zie^k „ -#Ze#e*Bh* G^l Znm^nkl e#ZTCbe#eemieZ\^^ ]Zgl e^ \hkil ]^ -#Zkmb\e^A 11* ) 9SaYS Z\YW\[ O \PaS[b YY[SID?K' 9SaaS Z\aW\[ O \PaSYYb0 c\W4e4' ) -,5 ) *O^qm^]^l Gnbl ]^ -423* eQDhmbheeNeehgo^ee^l* )))))))))))))))))) )))))))))))))))v)))))))))))))) ) )))Y*Y)))v) k \^i^g]Zgm lhnfbl Zn q \JDC bm*bhgllgbW#Zgm^l' $ Klm*bg‰^l„ x ‰ebfbg^k mzl_Znll^l ie#bhkbm*‰l%6 k O' Pbe ghf ]^ `#\gk^ eD>i\nm* $Wme#^lnalm*bm*n‰„ ebe N%#DDJ) '$ gTDee^ienl k‰\\gm*jn#„ eZ ^hn]bmbhg jn#be Zbm‰m*‰bgm\eebFb) k ae^f^eem \Zf\e‰kbl‰ iZe# lhg Znm^nk ^e jn^ \\P\ \ZkZ\m‰) x kblmbjn^ g^ g‰\e#llbm\iZl ]#Zf^g]^f\gm $ k $<]chg\m* bmZ *'Zkm*2,' ZeeDe*-5,0%* .y =^lm^* /! d 0y d -l UT["( k LnZg] e^ `e#hni\ jn#be ]•lb`g^ ^f[kZll^ ]^l \\ ‰e‰f\gml mhnm*… _Zbm*bg\ha•e#\nel' hn jn#be ]^ob^gm* ng\ k lhnk^^ i^kfZg^gm*^ ]\ \hn_nlbhgl hn \D#\kk\nkl* m 1z =^lm*^* $Nh\* [hm* Ak*' Zkm*1/ i* i* \m 2,' ZkeDe*-5,0%* x G#Z[Zg]hg $D#ng ghf g#\lm* Znmhe#bl• jn^ %hkljg\ e^ x `khni^ 8Dn#be]‰lb`#gZbm*\Jeem\gZbm ]^l ‰e‰f\gml ]^o^eenl x bg\ha‰k^DEm*l*@q^vgie\ 6 `^gk^ >DEb^nl' ]^ Gbgg•* m $MJeD%'Zkm*1/' Zggh -5,0%* -y LnZg] \^ ghf ^lm Ziiebjn• ]Zgl e^ kˆ`g^ o‰`•mZe„ eeee `khni^ EXhff• Zgm*‰kb^ne#^f^gm]#ng ghf oZeZ[e^* .! LnZg] be _hkf^ \ehn[X\ ^fiehb ]Zgl e^l nhfl ]^ \eZll^l' k ]^ _Zfbeb^l hn m \e^ `#^eek^l' +,, ]Zgl e^l lee[]boblbhgl hn ^liˆ^^l ]n fˆf^ `^gk^' hn \eZgl e^l ln[]boblbhgl ]^ eZ fŠf^ ^liˆ\^* ) -,5) ))v)))))v))))))Y*Y)))))Y*Y)))))v)Y*Y*Y)))Y*Y))))))))))))))))))*Y))))))))))))))))))))) J[l^koZmbhgl ]n kZiihkm^gk* O^qm^k^\hffZg]‰ iZk eZ >hfbgbllbhg* )))))))))))))))))))!)))))))))))))))))))' ))) Y*Y))))))))) ))))))))))))))))))))))))))))))))))v GZ ien#Zl^ ieZ\‰^ ^ee iZk^gmaˆl^ ^lm k€]b`#‰^iZk e^ kZiihk) m^ne#ihnk i^kf^mek^ ]#bgm^k\ZE\k -,`#bjn^f^gm e#Z]chg\mbhg ]^l Znm^nkl bmZeb^gl]Zgl e^ \hkil ]^ e#Zk * 2,' Dvg ]D^m' e^ m^qm^]^ eZ fhm bhg ]‰[nm^ iZk nn mbmk^6x Jn k‰mZ[Ebll^f^gm ]^l ghgel `‰g‰kbjn^l Zg\b^gl \m ]^l _Znll^l ikbhkbm‰l{' G^ kZiihkm^eek' ^g bgl‰kZgm\^mm^ikhihlbVbhg „ D#Ze# 2,* NPe# e^ ]‰lbk _hgg^e ]^l lb`nZVZbk^l beZeb^gl' ]hbm _Zbk^ h[l^e#W#^k jn#^eE^ ^gme#Z~g^ng Zf^g]^f^gm „ e#Zke*1/' jnb ]bm jn^ ]^l \aZg`#^e@^gml ]Zgl eZ \ZkZ^e‰kblebjn^ \m eZ \hfihlbmbhee ]#ng DcOhni^' g#Znmhkbl^gm iZl „ ^aZg`^k D\ hn e^l Dehfl ]n `khni^* @g hnek^' e#Z]chg^mbhg ]^l [hmZgblm^l bmZeb^glg^ !bl^ jn^ e^l `#^gk^l' VZg]bl jn^ e^ iZkZ`OZia^ X, ]^ D#Zem'2, !bl^ mhnl e^l `#khni^l' ) 9SaaS Z\aW\[ O \PaS[b 0 c\We RO[` `\[ S[`SZPYS% H[ QW[^bWqZS c\aO[a O]]bWS `SbYSZS[a Y"OYW[rO#ZS[ Q\ZPW[OW`\[ OcSS R"ObaT"S`(YdaW\[`' 9SaaS Z\aW\[ O \PaS[b b[S c\We #S[ Q\ZPW[OW`\[ OcSS YS` O_a' SSa < #X\$' G#Zebn‰Z/, cT[" ikhihl‰ iZe# E^ `Ohni^ [^e`h)lnbll^ ^lm Znllb Z]fbl iZ7# eZ Nh\b‰m‰[hmZgbjn\ ]^ AkZee^^ \m ieZ\‰ „ V#Zk *16G G^ kZiihkm^nk kZ bgl‰e#€„ V#Zkm*2,' QJ%* V#h[l^e#!Z) mbhnZeeq Zkm*16- ^e 2,' eWeˆf\ h[l^koZmbhee jn^ \b)]^lleel $Zk * v $,%* ) 9SaaS ( Y\aW\[ O \PaS[b YHJ c\W4e3' 9SaaS Z\aW\[ O \PaS[b RSb'G c\W3e3RO[` `\[ S[`SZPYS' H[ a_\W`WqZSc\aO[a rYWZW[SY"OYW[rO0 [bl* H[ ^bOa_WqZS O]]bWS `SbYSY(YS[aYS` OYW[rO`0, m^e#Sa +ch* ) --, )) ))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) O^qm^]^l Ghbl ]^ -4B3* Hhmbhgl ghgo^ee^l* /y tEeeZn] be^qikbf^ eDED\ZkZ\eˆk^ hn ng ZmmkbaneihlbebW#^) f^nm _Zeeq ]Zgl eZ mhmZebm‰]n `Ohni^ ^C jn^lmbhn' JP l^ne^) f^CD ]Zgl eZ fZchkbm• ]^l ‰E‰f^gml>cnbe^ \hfihl^gm k $iZe# d# ^q^fie^ 6 ^lm mbk€]# nn `#^gk^ j n#+,, k^\hEegZŒmg^ kZl _Zbk^ iZkmb^ ]n `khni^ ^n jn^lebhee* k Zeemk\' ^e jn#^P^ ihkm^ nn ehf jnb ^qblm^ ]Žc„ ]Zgl D\ k e-,nr^Zee `^gk^ Znjn\e e#^liˆ^^ ^lm Zmmkb[n‰^'^#^le D\ ehf k ]•c„ ^qbleZgm jnb ]hbm Šmk^fZbge^gn' lZgl •`Zk] iJeeD#--# x Chf li‰\b_bjn^ D\ ienl #WED^b^g* J[l^koZmbhgl ]n kZiihkm^nk* #k^qm^k^\hffZg]‰ iZk eZ>hffbllbhg* I\YS 3 -3 \bW' AS` _r`S_cS` TOWYS`_SYOYWcSZS[Yo I\YS 3.0 \bW' OE#Z]n\mbhee]n kZiihke^nk NPe#e^ e^qm^Zee^fZeeme*CZiihkm‰^ iZe#lhg Znm^nk „ e#Zk *13' G^mm^ie#Jihlbmbheejnb mkZbm^]^l eDhfl „ ]RDD`6^k ]Zeel e^ \Zl ]n mfgl_^ke ]#nee^ ^liˆ\^ ]#nee `#^eee#^ ]Zgl Pbe Znmk^ k^eemk\ ]Zeel eZ l^\mbhg 2* @ee\ _Zbe ^ee k‰Zebm‰ ]hn[e^ ^fiehb Zo^\ e#Zebee‰Z.' ik^fbˆk^ ien#Zl^' ]^ e#Zk *2.' ]hgm ^ee^ ]‰o^ehii^ l^ebe^f^eeebZ k‰]Z\G•heE*) :Sbe c\YO[a` ]Y"\]\`S[a R"#jX\YYWS_QSYaSZ\a W\[ o aO "Y' #X,( #% ) X-- )) O^qm^]^l Ghbl ]^ -4 B3* eWehmbheelghn o^Ee^l* ))v)))) )) ))) ))) )) )) ) ) k D#>>t#W#$%P#Pbe Znme#^DDJDeeli‰\b_b#eEe^'iZk\\ #en#bE\qblm^ ]‰c7# k nn >k^ibl $#ahg] kbeehb]^l '_Z\j*' j ghbjn\ --# DeJeeeC b^e#Z) ! ^bgf ^ahg]kbeehb]$#l G* $-31/% lhbmiegl Zg^b^g jn\ --# ghf k >e#^ibl ^eeJn]kbDehb]^l 'EZ\j* $-3$7.%* %E $CZ*C'd*‘ Zkm*13' Zggh -W%,0%* ‘W---#* B6-*GhklGVn#ng `khni^ t#lmme#Zglihkmt']ZeEl nn Zgmke# ;\ A f ^Jeel^e#rZgm --# fˆf^ #Zn`* lhn Dehf ]hbe #"Ak^ \aZg6'7#‰ l#be ]\rb>eD- nn ^hnek\)l^gl hn -----# \Znl^ $vrb]^nm\ ]#\e#e#\nk \m ]e# ^hn_glbhn ]Znl EZ ghnr^XX^ ihlbmbhee jnb Dgb \lm Zmmkb[n‰^* *W-W#-#**W$7/* GJe#lGVn#nn`e#hni^ \lm k ‰e\T$v'Zefbll‰ hg m mkZnlihkm‰]Zeel ng Znek\ \n*! >Jeel\krZee-* --#kgŠf\ kZg+*W#'lhn nhf ]hbm Šmk\^aZg`‰ l#be]\rb\nm nn \hnme#^l\gl hn PDe>\Znl^ ‰rb]^nm^ ]#^kk^gk \m ]e# \JDE_nlbhDe]Znl eZ nhno^X ^ ihlbebhn #enbenb ^lm Zeekb[n‰^* \aZnN#‰ l#be ]^ob\ge* PDE\hgmk^l^gl hn ePR \Znl^ ‰rb]\n m^ ]#^eO\nX#\m ]e# \hg_glbhg ]Zgl eZ ghgr^ee\ ihlbebhee jnb Dgb \lm Zmmkb[n‰^*k Ohnm^_hbl ^^mm^D#•`e^n#^lmiZl Ziieb\Z[e\ Zgq x ghfl ]^ l#^g #\l' ]#\liˆ$v\l ^moZkb‰m‰l*m #+) C)' C^r' &" i* >De' Zkm*B6-' ZDeDD*-4W%-7 G) F*' >h]\q ^f^g\e*' Zkm*mb/' Zgg' -4W%/%* )) ))) ) )))v )v) ))) AO Y"rROQaW\[]Y"WZWaWcSO \PaSYYOOYYSc\We' G^ kZiihkm^nk #ikhihl^ bm eZ \hffbllbhg ]^ \hfiD‰m^k 9SaaS Z\aW\[ ["O ]O` \PaS[O RS c\We' OkZ]n\ebhg ]n e#Ciihkm^ne#NPe#e^ e^qm^ZEe^fZg]* 9SaaS Z\aW\[ ["O ]O`" \PaS[O RS c\We' OkZ]n\ebhg ]n kZiihkm^nk NPe#ASm^qe^Zee^fZg] * AO Y"rROQaW\YY]Y"WZWaWcSO \PaSYYO7cIDW';' ) --. ) ))vv))))))))))))))))))))))))))))))v))))))))))v))))Y*Y)))))))))v)))))))))) O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghno^ee^l* v)))))))))v))))v)))))v)))Y*) )) )v))))))) k mbebl‰l$ghfbgZ bgZiieb\ZmZ% '6bm‰l]Znl eZ lrghnrfb^ lhgm k \hglb]‰k‰l ^hkgf^ ]hne^nq ]ˆl jg^ e^nk Znm^nk ^g Z \k‰‰ k ]^nl \e eZ _hbl ihnk ---- `^gk^ ]hgn‰*{ #+)C)' C^W!*D' i* \f' Zkm*$bj' Zgg* -4 E A6 P* F*' >h]^q ^f^c%$ *' Zkm*$0%* ‘WCO*-/ $b0* x G^l ghfl Zgme#kb^nklZn ihbgm ]^ ]‰iZkm ]\ eZ ghf^g) k \eZmnk^ g^ lhn d iZl \hglb]‰'#‰l ^hff\ k^ghno\e‰l iZk D\ k lbfie^ _Zbm]#Zohbk ‰m‰^bm‰lnem‰kb^nk\f^gm ]Zgl eZ lrgh) $D grfb^ $ghfbgZ bgZiieb\ZmZ%* x LeDZg] iDnlb^eeD#l l'%#nhgrf^l bg‰]bml hn m ‰m‰in aeb‰l x ihnk ng fˆf^ `OJP i\' \^l ghfl n^ i^no^gm ienl Šmk^ x nmbebl‰l*m #+)C)' >h]^q fZmne#eel' v B S \m '-+' i*i*' Zgg7 e Eh6-%* Šmk^\k‰‰*$ G^l ghfl bg‰]bmljg^ -#,-- mkhnr^ \bm‰l^g lrgh) x gEf^l ]Zgl eZ [b[ebh`kZiab\ $fl^* hn bg^]*% n^ i^no^nm k k^f ieZ\^k ]^l nhfl „ k^c\e^k jn\ l#bXl g^ lhgm nb Zge‰) $ kb^nkl Zn ihbgm ]^ ]‰iZkm ]^ eZ ghf^g^eZmnk^' gb ]hg) D$ e^gq* m $Bkhgi^ [^e`#h)lnbll^' Ze#m*B0' Zgg* -5,07 Nh\* ahm* Ak*' Zkm*B0' Zgg* -5,0%* --. ))))v)))))))))))))))))))))))))))))))))v)))))))))))))))))))))) J[l^koZmbhgl ]n kZiihkm^nk* O^qm^k^\hffZg]‰ iZk eZ >hffbllbhg* ))))))) ))))))))))))) )) ))))) )))))))))) ;T[cT \^cX^] P ^QcT]d [=]T HCX(="#T] R^\QX]PXb^] PeTR ["Pac( 7 #A$( OkZ]n\mbhg ]n V#ZiihV#ƒ#DDV#NPe#D\ m^qm^Zee^fZg] * ;TccT \^cX^[+ ]"P _Pb ^QcT][[ ST )>CX(F( 7T[[T U==^cX^] P ^QcT[+[[ .*% #>C=2a&S^]c =[[[T #3^U[[QX[+_T Nbfie^ ]b_e#‰e#^g\^]^ e#‰]Z\ebhniZe# e#Ziihe#m'#mkZkm*0/ ]^l Ghbl ]^ -413* ) ;TccT [=[^cX^[+P ^QcT[[[[ +==+THCX(F( ;Tc P["cXR[T P ^QcT][[ *) HC)(F( ' ;Tc PacXST #kbc STeT]d X]dcX[T T]bdXcT ST [P ]C[[HT[cT ["W[PRcX^] S^][+_T U=#G"[P ;CU[[U[[XbbX^]Wai"P["c( 7c4*#H^h( U=(=*,(n ( \,I( )vvv))Y*Y))))v)v))))))))))v)))v)))))))))) O^qm^]^l Ghbl ]^ -423* eW#Dhmbhglghnoˆee^l* )) ))))) k ^lm ebk‰$kPg Chf `#€eD‰kbjn^eZebg7 be !^\^oe#C eDg^ ]€lb) k g^g\^ eZmbg^*m #+)C)' C•a^k^ K_eZgs^g`k*' i* --0' Zgn* -5y,7 >h]^q fZenknl' v . ZE* ‘WCO* < $cbEPW`'k G^l ghfl #[ `)^ge#^ ]hbo^gm ^g hnee#^ Hk^ k k^c^mm#zl]Zgl e^l \Zl iZe'mb\neb^k#ljnb lnbo$#gm6 x -y Ghkljn#bel g^ lhge iZl Zn ghfbgZmb_ ib Zn lbg`neb^k* k .y LnZg] bel lhge _Je#eg€l ]#ng e^kf^ me#\agbjn^ ^figfe‰ k n eZ fhkiaheh`b^' V fhbgl jn#bEl g#Zbigm $#ek bgmkh]gbml k Zo$#\ ]$#l gJEW-N]#iliˆ\^l* k 6-y GJe#ljn#bel i!$pb^gg^ge $D#ng^ ghf^g\eZmnk^ ngbgh) k fbgZe^ $iZe#^q* ]Zgl @akaZkm ^m]n K^mbe)OahgZkl%* x 0, Ghkljn#bel lhgm \hfihl€l ]^ ]^nq D ehml'V fhbgl jn^ x \il ]^gq fhml g#Zb$#gm‰m‰]ˆl e^ ]‰efm _nlbhgg‰l ig ng k l^ne $^q* 6 LnbljnZeblE hn k^Xb‰liZe# gg mbe#$vm$N^[ZlmbZgh) k N\aZn^kbZ' Nio^l) x -, LnZg] bel lhgm ]^l Z]c^^mb_l hk]beeZnq* x ., LnZg] bel lhge ^fie#efm‰l bm ]$#l ghfl li‰\b_bjn^l k Zgm‰kb^ne#lghg oZeZ[e^l $fhe#e)g‰l%* x /, LnZg] bel k€iˆm^gm ink^- -^gm T lbkgie^f^gm D\ ghf x `‰g‰kbjn^ $hq* 6 GbgZe#bZGbfnbZ%* m $>kkhni^ ahX`#h)lnbll^' Zkm*?0 aS_%Zggh -v%h0%* Oge]n^mbhee ] n fiihe#m^ne# NPe#e^ m^qe^ Zee^fZg] * >^me^ ie#hihlbebhg ^lm \JDEee#Zbe#in e#Ze#G#Z jnb ]bm jn^ D\l DEJDeeN l\b^geb_bjn\l lhgm ^ee eZg`n^ eZebg^' ]#hem be D#‰lnee^jn^ D\l gJee-l ]^ vOJP DRNln i‰e#b^nkl^g eZg`fzl fh]^kg^l g^ _hge iZl iZkeb^ ]^ eZ gJee-\DC7XZene#^lrle‰fZebjn^ l\b\neb_bjni' G^l \JDEl‰jn^ee\\l ]^ \\P^ Z]]behg „ X#Ze#G$cbci\nW#^ge Šee#$# \JDElb]$7kZae\l ^e ^gme#Z~mpgm$#g DJeel $#Zl eDeeZgC#g]^f^ge n X#Ze#G#Z)( 9STTS Z\aW\[ -D \PaS[Y( = YWD('G% I\f% *")P`?" "(@OaW\[QW&RS``Y(`#O_a' 10' U=(++,$ ( )OI"b) #$j PW%j' A"?Z`SZPYS RS QSTTS(??\aW\[O \VaS[Y( *1 (@\W4_4';[ DY(aY" 'W-W#-#*'W ?0 PW`'x G$#l ghfl ]^ `KeeD#>]hb'#\ge _#ghnee#^m6DD#$# ?([ #ZaO[a ["ORZSa ^bS RbPWaOaW(@SYYYS[aY"OYW[]O'"(4 +-++ ! D#\c\m‰l]ZDEl e^l \Zl iZe#eb\#neb\e#Njnb lnbW#^ge6 ObaY"S(@\aO[arYWZW[SYORSY"[Wq_SOY(SY"[O(WcSRS ?"OYWY(]Oj7 x X, GJe#l\Vn#belg^ lhgm iZl Zn ghfbgZeb_ ^mZg lbgN#neb_#e#' , ?"(jTa[%b[ aY"\W`WqZS["OQSS($aY""*("! YS` TRW[]O`'"TSa a) k . LgZee] bellhgm _Je#f‰l ]#gg mie#eDe^mi\agbjni $#fiknge$6 k „ eZ fJe#iaheh`#b^' 7Wfhbgl jg•el g#gb_#Xemibe# bgmkh]nbml k Z!K$6]il ghfl ]#^lib \^l* #\ 6-, GhklG$n#bel ikJW#b^eeee\eem]#DDDD>Dehf\g\ Zmeee#^ DDgbgh) ! fbgZe^ $ige# ^q* ]Zgl @ae#aZke\e ]g K\mbm)OemhgZD#le* ! 0y GJD#l#e!•el lhgm $#hfihl‰l ]^ ]^eeq fhml* n fhbeel 8V--$# k \^l ]_#nS fhml DE#Zb\gm‰m‰]ˆl -$z ]‰anm _eeNbhDeg$#'N^g ---- ! l^ne $^q' 6 Lnbl8VnZXbl%+,, D#$#Xb‰liZk ,,,, mbe#KW$N_#aglmbZeeh) k N^aZee^e#bZ'*#W$zW#$zl) 9S` RSY('_ Y?Y\aW\[`%[S RWX@rY"O[a^bS ]OY" YSb " "rROQ& aW\[%YO `SQ\[RS raO[a `YY]r_WSbY"S#( YO]Y"SZWqY"S'\[a \PaS[YY */ c\We RO[` YSYYY"S[`SZPYS' ;[ \YYa "S. YW\WerYW& ZW[S[a Y"OYW[rO=&UX\\W'0'3rYWZW[S[a?"OYW[rO.' Sa 0 c\W3*4 SYWZW[S[a?"OYW[rO'"*#;[ Y"r`bZr3 OYW[rO=& *3 YW\W'_4 OYW[rO.' +2 c\We4 OYW[rO*E' +) c\We$' AO 9\ZZW``W\[ `"S`a RWcW`rSS[ RSY(%_'_Y"OQaW\[`]Y"S`^YYSrUOYS`FHY"Y"OYW& [rO .' ++" Y"O]]\Y"aSbY"[S YOTOWa]O`'Ta%UbY"SRO[` " YS aS'_aS "SQ\ZZO[Rr% YOW``O[aOYY9\[UY"q` YS `\W[ RS aY"O[QVSY" YSRrPOa' 9@K) 9 #O0 cT["( k Gvl ghfl ]#^liˆ\^l kehbg#gmgnlle Šmk^ '$ D#^c^m‰l]ggl eil \Zl igkeb\neb^kl jnb lnbW#^gm6 k ,, LeeZg] bel lhgm ]^l Z]c^\eb_l hk]bgZnq' #$.y Lngee] bel '#‰iˆm^gmieekif^ge iW lbfie^f^gm ,," ghf k `‰g$7kbjeE$#$^q' 6 Gbg6-kbgGbgeeD#bZ%$Z) ( Cˆ#W) m! --0 O^qm^]^l Ghbl ]^ -423* Hhmbhgl ghn o^ee^l* ))))))))) ))))))))))Y )))v))) !))))))))))))))