Artist UP - Document View Page - Règlement Grand Concours Photo - Vidéo

Documents

Chercher des Documents

Artist UP - ses Documents

Artist UP - D..

0 commentaire | 0 j'aime
Règlement Gra..

0 commentaire | 0 j'aime
Autorisation ..

0 commentaire | 0 j'aime
Plus »

Social Share

Artist UP's Tags

Règlement Grand Concours Photo - Vidéo - Graphisme Artist' UP

Créé par Artist UP 5 octobre 2011 - Catégorie : Photo

0 commentaire, 1 065 vues, 0 j'aime

Règlement Grand Concours Photo - Vidéo - Graphisme Artist' UP

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es modalités de participation au Grand Concours Photo/ Vidéo/ Graphisme ARTIST’UP et les modalités de désignation des Lauréats sont décrites dans le présent règlement (ci-après « le Règlement »). ! "#!$,-./0/!'(')*('!2$0!8/4,66/2!&2$!U!*%>#4.$#027%$!\:! ! ! )"(3+%#!86!*)(#.!#(!%3#-9!*#!%4,/#")(3,'! ! "2!Grand Concours Photo/ Vidéo/ Graphisme ARTIST’UP est gratuit ]L,%$!-,^0!82!-,442N.,4! O402%420_! 20! $2! 8/%,7&2! $7%! &2! $.02! O402%420! PPP:#%0.$073:H%! ]-.`#3%G$! U! &2! @.02! \_+! 82! $230265%2! 9#4.$#027%$!20!&27%$!-,4$2.&$+! `!82$!6265%2$!82!&27%!H#6.&&2:! "2! -,4-,7%$! $Q#8%2$$2! 1! 0,7$! &2$! 3#$$.,44/$! 82! &Q.6#>2+! J72&&2$! J72! $,.240! &27%$! $3/-.#&.0/$! a! 3L,0,>%#3L2$+!S.8/#$02$+!>%#3L.$02$b! "#!3#%0.-.3#0.,4!2$0!&.6.0/2!1!742]D_!3#%0.-.3#0.,4!3#%!8.$-.3&.42!3,7%!-L#J72!$2$$.,4!87!V%#48! ?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!Y=ZO@ZQ[W:! "2$! Y%0.$02$! 82! -L#J72! 8.$-.3&.42! 3,7%%,40! 3#%0.-.32%! 1! 742]D_! 20X,7! #7N! 827N]9_! $2$$.,4$! 3%,3,$/2$!+!$#7H!$.!-2&7.`-.!#!/0/!/&7!%/#0!&,%$!82!&#!DG%2!$2$$.,4:! ! .;!<=!)>?;@?A!=4B!CB@!B??A;=?!DB!EBFG>;?H!DHIBDAJ!@G=!CB>A=?!GK;A=!DHIBD!KAL>B!C>A=K>A! MG==B;@@B=MA! KA! MA! >NIDAEA=?J! BMMGECBI=A>! DA! CB>?;M;CB=?! DG>@! KA@! HLH=AEA=?@! CD<>;K;@M;CD;=B;>A@! A=! MB@! KA! @B! CB>?;M;CB?;G=J! @;I=A>! A?! ?>B=@EA??>A! <=A! B;@B?;G=! HM>;?A!BIB=;@B?A<>@!DG>@!KA!D4;=@M>;C?;G=!KA!D4)>?;@?A!B@6! ?2002! #70,%.$#0.,4! 3#%240#&2+! 3,7%%#! c0%2! 2N.>/2! #S#40! &Q#00%.570.,4! 82$! V#.4$! ]-.`#3%G$! U!d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a! ! !!!c0%2!.4$-%.0!,7!$Q.4$-%.%2!$7%!&2!$.02!PPP:#%0.$073:H%!24!-%/#40!$,4!W%,H.&! !! 8#4$! &#! %75%.J72! V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62+! %263&.%! &2! H,%67&#.%2! 82! 3#%0.-.3#0.,4!8#4$!&2!%75%.J72!82!&#!8.$-.3&.42!-,4-2%4/2+!20!a! • .63,%02%!742]D_!S.8/,!82!f,70752!,7!82!(.6/,!3,7%!74!#%0.$02!S.8/,!g! • 73&,#82%!74]D_!S.$72&!>%#3L.J72!3,7%!74!#%0.$02!>%#3L.$02!g! • 73&,#82%!742]D_!3L,0,!3,7%!74!#%0.$02!3L,0,>%#3L2!]&2!4,65%2!82!3L,0,$!3270!S#%.2%! 3,7%!&#!827N.G62!$2$$.,4!82!-,4-,7%$!20!$2%#!3%/-.$/!$7%!&2!$.02!PPP:#%0.$073:H%_!g! $7%!&2$!0LG62$!82$!-,4-,7%$!#44,4-/$!$7%!PPP:#%0.$073:H%!:! ! Z,70!$733,%0!%#00#-L/!1!74!-,6302!#%0.$02+!.&&.$.5&2!,7!.4-,63&20!$2%#!-,4$.8/%/!-,662!47&:! ! Z,702! 3#%0.-.3#0.,4! .4-,63&G02! ,7! 2%%,4/2! $2%#! %2R20/2+! $#4$! J72! &#! %2$3,4$#5.&.0/! 82$! *%>#4.$#027%$!42!37.$$2!c0%2!24>#>/2:! ! Z,702!8/-&#%#0.,4!624$,4>G%2!8Q74!W#%0.-.3#40!240%#h42%#!$,4!2N-&7$.,4!87!-,4-,7%$!$#4$!J72! &#!%2$3,4$#5.&.0/!82$!*%>#4.$#027%$!42!37.$$2!c0%2!24>#>/2:! ! "2$!i7S%2$!3%,3,$/2$!3#%!&2$!Y%0.$02$!8,.S240!.63/%#0.S26240!c0%2!82$!,27S%2$!,%.>.4#&2$:! ! "2! W#%0.-.3#40+! 24! #--230#40! &2! =G>&26240+! %2-,44#h0! 20! #--2302! 2N3%2$$/6240! J72! $#! 3#%0.-.3#0.,4!#7!V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!Y=ZO@ZQ[W!&7.!,HH%2!&#!3,$$.5.&.0/+!$Q.&! 2$0!8/$.>4/!V#>4#40+!82!>#>42%!82$!&,0$!8#4$!&2$!-,48.0.,4$!3%/S72$!-.`82$$,7$!20!$Q.&!2$0!V#>4#40! ,7! $/&2-0.,44/+! 82! 3#%0.-.32%! #7N! /S/426240$! 3&7%.8.$-.3&.4#.%2$! ,%>#4.$/$! ]-.`#3%G$! U! 'SG426240\_:! ! ! "AEYG<>@AEA=?!KA@!U>B;@!KA!CB>?;M;CB?;G=!Z!! Z,702! 826#482! 82! %265,7%$26240! 82S%#! c0%2! 24S,A/2! 8#4$! &2$! D/$! $7%! &#! 5#$2! $7.S#402!a! ! W,7%! &Q.4$-%.30.,4+! &2! 6,40#40! H,%H#.0#.%2! 87! %265,7%$26240! $2%#! 82! <:MDj! -,%%2$3,48#40! #7N! H%#.$! 82! -,6674.-#0.,4! ,--#$.,44/$! 3,7%! $Q.4$-%.%2! #7! R27+! A! 3#%0.-.32%!20!$2!-,442-02%!3,7%!-,4$7&02%!&2$!%/$7&0#0$:! 2 ! ! ?,48.0.,4$!#7!%265,7%$26240!82$!H%#.$!82!3#%0.-.3#0.,4!a! YH.4!82!5/4/H.-.2%!82$!%265,7%$26240$!82!$#!3#%0.-.3#0.,4+!&2!3#%0.-.3#40!82S%#!R,.48%2! 1!$#!826#482!,7+!8G$!&#!8.$3,4.5.&.0/!82$!8,-76240$!-,4-2%4/$!a!! ! ` ` ` ! @,4!4,6+!$,4!3%/4,6+!$,4!#8%2$$2!3,$0#&2!20!$,4!#8%2$$2!/&2-0%,4.J72:! [42!3L,0,-,3.2!82!$#!-#%02!8Q.8240.0/:! "#!8#02!20!&QL27%2!82!$#!3#%0.-.3#0.,4:! d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k5&2+! Yd@! ,7! &.#.$,4! $3/-.#&.$/2_! 42! 3,7%%#! 8,442%! &.27! 1! #7-74! %265,7%$26240+! 8#4$! &#! 62$7%2! ,l! &Q#5,4426240! #7N! $2%S.-2$! 87! H,7%4.$$27%! 8Q#--G$! 2$0! 8#4$! -2! -#$! -,40%#-0/! 3#%! &Q.402%4#702!3,7%!$,4!7$#>2!82!&QO402%420!24!>/4/%#&!20!J72!&2!H#.0!3,7%!&2!3#%0.-.3#40!82! $2!-,442-02%!#7!$.02!20!82!3#%0.-.32%!#7N!R27N!42!&7.!,--#$.,442!#7-74!H%#.$!,7!8/5,7%$! $733&/6240#.%2:! ! "2$!H%#.$!8Q#HH%#4-L.$$26240$!82!&#!826#482!82!%265,7%$26240!82$!H%#.$!82!-,442N.,4! ]0#%.H! 24! S.>727%! 82! &#! W,$02! 24! K%#4-2! 3,7%! &Q#-L26.426240! 1! S.02$$2! %/87.02+! 5#$2!a! 9<>_! 3,7%%,40! c0%2! %265,7%$/$! $7%! $.63&2! 826#482! /-%.02! R,.402! 1! &#! 826#482! 82! %265,7%$26240!82$!H%#.$!82!-,442N.,4:! "2$! H%#.$! 82! 3L,0,-,3.2! ,--#$.,44/$! 3#%! &Q24S,.! 82! 3.G-2$! R7$0.H.-#0.S2$! 82! &Q.8240.0/! $2%,40! />#&26240! %265,7%$/$! $7%! $.63&2! 826#482! R,.402! #7N! 3.G-2$! R7$0.H.-#0.S2$! 20! 1! %#.$,4!82!<+2!476/%.J72!'4#9+#*)'(!/).!:! E;=2+!m-0.,4+!-&.3+! H.&6!2N3/%.6240#&+!#4.6#0.,4b! "#!3#%0.-.3#0.,4!2$0!>%#07.02!20!&Q.4$-%.30.,4!,5&.>#0,.%2:! ! $")/03.&#!Z! ! ! "2$! 3#%0.-.3#40$! 82S%,40! $,76200%2! -'! L;@;A>!CG<>!DB!K;@M;CD;=A!/0,(,!Z! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!6#%8.!C!,-0,5%2!9?;@?A@! CG<>>G=?! @4;=@M>;>A! B@! $7%! PPP:#%0.$073:H%! 8#4$! &#! %75%.J72! U!V%#48! ?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!\!!1!-,6302%!82!-2002!8#02!20!@GA!-'#!CSG?G:! "!!2G?A@!K!DA!C%#3L2$!$2%,40!$/&2-0.,44/$:!! ! !DV!a!&2!p7%A!2$0!.4H,%6/!82!&#!H.4!82$!S,02$!20!82$!D%#3L2$!$/&2-0.,44/$:! `!"2$!6265%2$!87!p7%A!-,4$7&02%,40!&2$!3L,0,$!82$!#%0.$02$!$/&2-0.,44/$!$7%!PPP:#%0.$073:H%! `!"2$!>%.&&2$!8Q/S#&7#0.,4!$2%,40!0%#4$6.$2$!#7!p7%A!3#%!-,7%%.2&:! `! ?L#J72! 6265%2! 87! p7%A! 82S%#! #00%.572%! 742! 4,02! $7%! 9.4#&.0/! $ '$0L/0.J72! $ ).S2#7!02-L4.J72! "!!"H@V!a!&2$!6265%2$!87!p7%A!-,6674.J72%,40!&2$!%/$7&0#0$!1!&Q/J7.32!Y=ZO@ZQ[W!&2! 62%-%28.!F!8/-265%2!942!82$!%/$7&0#0$!20!87!4,6!87!%/#0!&2!R278.!qXD9X9@!a!&2!62%-%28.!q!H/S%.2%!9?;@?A@!@GK;!_!EB;!Q580R!! " .HDAM?;G=!KA@!CSG?G@!CB>!DA!C%#3L2$!$2%,40!$/&2-0.,44/$:!! ! !DV!a!&2!p7%A!2$0!.4H,%6/!82!&#!H.4!82$!S,02$!20!82$!D%#3L2$!$/&2-0.,44/$:! "2$! 6265%2$! 87! p7%A! 3%,-/82%,40! 1! &Q/S#&7#0.,4! 20! -,6674.J72%,40! &2$! %/$7&0#0$! 1! &Q/J7.32! Y=ZO@ZQ[W+!&2!D<=K;!85!EB;!8`58!T!580!#7!3&7$!0#%8:! " -'Q5R!%)-"#)(!*#.3$'#!.-3(#!)!%4#2)%-)(3,'!*-!]-"^6! "!!)==G=MA!$BI=B=?!a!6.$2!24!&.>42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!88!EB;!8`58!T!580:! 4 +BDA=K>;A>!CG<>!DB!K;@M;CD;=A!23*#,!Z! ! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!R278.!99!$230265%2!9?;@?A@! CG<>>G=?! @4;=@M>;>A! B@! $7%! PPP:#%0.$073:H%! 8#4$! &#! %75%.J72! U!V%#48! ?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!\!!1!-,6302%!82!-2002!8#02!20!@GA!-'#Q5R!L;KHG6! "!!2G?A@!K!DA!CV!a!&2!p7%A!2$0!.4H,%6/!82!&#!H.4!82$!S,02$!20!82$!D%.&&2$!8Q/S#&7#0.,4!$2%,40!0%#4$6.$2$!#7!p7%A!3#%!-,7%%.2&:! `! ?L#J72! 6265%2! 87! p7%A! 82S%#! #00%.572%! 742! 4,02! $7%! 9.4#&.0/! $ ).S2#7!02-L4.J72! "!!"H@V!a!&2$!6265%2$!87!p7%A!-,6674.J72%,40!&2$!D!8`58!T!580``!#7!3&7$!0#%8:! " -'Q5R!%)-"#)(!*#.3$'#!.-3(#!)!%4#2)%-)(3,'!*-!]-"^6! "!!)==G=MA!$BI=B=?!a!6.$2!24!&.>42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!:5W`5W8`58!T!580:! 8NEA!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!62%-%28.!D2%!H/S%.2%!9?;@?A@!CG<>>G=?!@GA!-'#Q5R!L;KHG!$7%!PPP:#%0.$73:H%!1!-,6302%!82!-2002!8#02:! "!!2G?A@!KAK;!5[!F<;=!Q580``R:!! "!!.HDAM?;G=!KA@!L;KHG@!CB>!DA!CV!a! &2! p7%A! 2$0! .4H,%6/! 3#%! -,7%%.2&! 82! &#! H.4! 82$! S,02$! 20! 82$! D42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!LA=K>AK;!8a!F<;=!8`58:! ! 5 +BDA=K>;A>!CG<>!DB!K;@M;CD;=A!$")/03.&#!Z! ! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!6#%8.!DD!,-0,5%2!9?;@?A@! CG<>>G=?! @4;=@M>;>A! B@! $7%! PPP:#%0.$073:H%! 8#4$! &#! %75%.J72! U!V%#48!!! ?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!\!!1!-,6302%!82!-2002!8#02!20!@GA!-'Q5R!L;@M>AK;!55W`5W8`58!]D9n<<_:!! W,$$.5.&.0/!82!S,02%![)'!@'["'!K*O@!3,7%![)!-#48.8#0!24!-&.J7#40!$7%!&Q.-o42!U(*Z'\:! "!!.HDAM?;G=!KA@!L;@!DA!C%#3L.$02$!$2%,40!$/&2-0.,44/$:! # !DV!a!&2!p7%A!2$0!.4H,%6/!82!&#!H.4!82$!S,02$!20!82$!D%.&&2$!8Q/S#&7#0.,4!$2%,40!0%#4$6.$2$!#7!p7%A!3#%!-,7%%.2&:! `! ?L#J72! 6265%2! 87! p7%A! 82S%#! #00%.572%! 742! 4,02! $7%! 9.4#&.0/! $ '$0L/0.J72! $ ).S2#7!02-L4.J72! " "H@V!a!&2$!6265%2$!87!p7%A!-,6674.J72%,40!&2$!DM>AK;!8[!FB=L;A>!8`58!1!D9n<42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!FA@!a!&2!62%-%28.!D;!H/S%.2%!9?;@?A@!CG<>>G=?!@GA!-'Q5R!L;@K;!5[!EB;!]D9n<<_!! "!!.HDAM?;G=!KA@!L;@!DA!CV!a! &2! p7%A! 2$0! .4H,%6/! 3#%! -,7%%.2&! 82! &#! H.4! 82$! S,02$! 20! 82$! D%#3L.$02$! $/&2-0.,44/$:! "2$!6265%2$!87!p7%A!3%,-/82%,40!1!&Q/S#&7#0.,4!20!-,6674.J72%,40!&2$!D42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!8a!EB;!8`58!1!D9n:! 6 RECAPITULATIF CALENDRIERS CONCOURS : +BDA=K>;A>!CG<>!DB!K;@M;CD;=A!/0,(,!Z! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!6#%8.!C!,-0,5%2!9V!a!62%-%28.!F!8/-265%2!942!82$!%/$7&0#0$!20!87!4,6!87!%/#0!&2!R278.!qXD9X9@!a!&2!62%-%28.!q!H/S%.2%!9K;!_!EB;!Q580R!! "!!#LBDV!a!&2!p7%A!-,6674.J72%#!&2$!%/$7&0#0$!&2!D<=K;!85!EB;!8`58!T!580:! "!!)==G=MA!$BI=B=?!a!6.$2!24!&.>42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!88!EB;!8`58!T!580:! ! +BDA=K>;A>!CG<>!DB!K;@M;CD;=A!23*#,!Z! ! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!R278.!99!$230265%2!9V!a!&2!p7%A!-,6674.J72%#!&2$!%/$7&0#0$!&2!D<=K;!:`!FB=L;A>!8`58!T!580:! "!!)==G=MA!$BI=B=?!a!6.$2!24!&.>42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!:5W`5W8`58!T!580:! 8NEA!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!62%-%28.!D2%!H/S%.2%!9AK;!5[!F<;=!Q580``R:!! "!!.HDAM?;G=!KA@!L;KHG@!CB>!DA!CV!a!"2!p7%A!-,6674.J72%#!&2$!%/$7&0#0$!&2!FA42!82$!%/$7&0#0$!20!4,6!%/#0!LA=K>AK;!8a!F<;=!8`58!T!580:! ! +BDA=K>;A>!CG<>!DB!K;@M;CD;=A!$")/03.&#!Z! ! 5N>A!@A@@;G=!KA!@HDAM?;G=@!Z! "!!)==G=MA!K@!a!&2!6#%8.!DD!,-0,5%2!9M>AK;!55W`5W8`58!]D9n<<_:!! " #LBDV!a!"2!p7%A!-,6674.J72%#!&2$!%/$7&0#0$!&2!EA>M>AK;!8[!FB=L;A>!8`58!1!D9n:! "!!)==G=MA!$BI=B=?!a!6.$2!24!&.>42!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!FA@!a!&2!62%-%28.!D;!H/S%.2%!9K;!5[!EB;!]D9n<<_!! " #LBDV!a!&2!p7%A!-,6674.J72%#!&2$!%/$7&0#0$!&2!D<=K;!8_!EB;!942!82$!%/$7&0#0$!20!4,6!87!%/#0!&2!EB>K;!8a!EB;!8`58!1!D9n: ! ! 7 #2#'#&#'(.!/%-"3*3.+3/%3')3"#.!Z! ! Y! &Q.$$72! 82$! 9! $2$$.,4$! 82! $/&2-0.,4$! 8#4$! -L#J72! 8.$-.3&.42+! &#! $,-./0/! '(')*('! ,%>#4.$2%#! 74! /S/426240! 3&7%.8.$-.3&.4#.%2! ]2N3,$.0.,4! -%/#0.,4$! 3L,0,$X! >%#3L.$62! #33&.J7/! s! 3%,R2-0.,4$! S.8/,$_!8#4$!742]D_!,7!3&7$.27%$!S.&&2$!82!K%#4-2!&2!0263$!8Q742!R,7%4/2+!240%2!6#.!20!$230265%2! 9]$_! $2%,40! -,6674.J7/$! #7N! 3#%0.-.3#40$!#7!3&7$!0#%8!D;!R,7%$!#S#40!&Q/S/426240:! ! "2$!,%>#4.$#027%$!$2!%/$2%S240!&2!8%,.0!82!6,8.H.2%!20X!,7!8Q#447&2%!&2!4,65%2!82!3#%0.-.3#40$+! 20! &2! -L,.N! 82$! &.27N! 82$! /S/426240$! 20! &2! 4,65%2! 8Q/SG426240$+! 24! H,4-0.,4! 82$! 4/-2$$.0/$! .4L/%2402$!#7!8/%,7&26240!82!&#!6#4.H2$0#0.,4!20!87!V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62:! d#4$!&2!-#$!,l!74!/S/426240!$2%#.0!%23,%0/!,7!#447&/!3#%!&2!&.27!J7.!#--72.&&2%#!&Q/S/426240!,7! 3#%!&Q,%>#4.$#027%+!&#!%2$3,4$#5.&.0/!82!&#!$,-./0/!'(')*('!42!$#7%#.0!c0%2!24>#>/2!#7!0.0%2!82!-2! J7.! 3%/-G82! 20! &2$! 3#%0.-.3#40$! 42! 3,7%%,40! 8,4-! 3%/0248%2! 1! #7-74! 8/8,66#>26240! ,7! .48264.0/!82!J72&&2!J72!4#07%2!J72!-2!$,.0:! ! ! "AEYG<>@AEA=?!KA@!U>B;@!KA!CB>?;M;CB?;G=!K#>/$! 3#%! &2! S,02! 87! 375&.-! S.#! O402%420! $2%,40! %265,7%$/$! $7%! 826#482! #8%2$$/2!2N-&7$.S26240!3#%!-,7%%.2%!1!&Q,%>#4.$#027%:! Y7-742! 826#482! 82! %265,7%$26240! #8%2$$/2! 3#%! -,7%%.2%! /&2-0%,4.J72! 42! $2%#! 3%.$2! 24!-,6302:! Z,702! 826#482! 82! %265,7%$26240! 82S%#! c0%2! 24S,A/2! 8#4$! &2$! D/$! $7%! &#! 5#$2! $7.S#402!a! W,7%! &Q.4$-%.30.,4+! &2! 6,40#40! H,%H#.0#.%2! 87! %265,7%$26240! $2%#! 82! <+MDj! -,%%2$3,48#40! #7N! H%#.$! 82! -,6674.-#0.,4! ,--#$.,44/$! 3,7%! $Q.4$-%.%2! #7! R27+! A! 3#%0.-.32%!20!$2!-,442-02%!3,7%!-,4$7&02%!&2$!%/$7&0#0$:! ! +G=K;?;G=@!BAEYG<>@AEA=?!KA@!U>B;@!KA!CB>?;M;CB?;G=!Z! ! YH.4! 82! 5/4/H.-.2%! 82$! %265,7%$26240$! 82! $#! 3#%0.-.3#0.,4+! &2! 3#%0.-.3#40! U!W75&.-!\! 82S%#!R,.48%2!1!$#!826#482!,7+!8G$!&#!8.$3,4.5.&.0/!82$!8,-76240$!-,4-2%4/$!a!! ` @,4!4,6+!$,4!3%/4,6+!$,4!#8%2$$2!3,$0#&2!20!$,4!#8%2$$2!/&2-0%,4.J72:! ` [42!3L,0,-,3.2!82!$#!-#%02!8Q.8240.0/:! ` "#!8#02!20!&QL27%2!82!$#!3#%0.-.3#0.,4:! ! ! d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k5&2+! Yd@! ,7! &.#.$,4! $3/-.#&.$/2_! 42! 3,7%%#! 8,442%! &.27! 1! #7-74! %265,7%$26240+! 8#4$! &#! 62$7%2! ,l! &Q#5,4426240! #7N! $2%S.-2$! 87! H,7%4.$$27%! 8Q#--G$! 2$0! 8#4$! -2! -#$! -,40%#-0/! 3#%! &Q.402%4#702!3,7%!$,4!7$#>2!82!&QO402%420!24!>/4/%#&!20!J72!&2!H#.0!3,7%!&2!3#%0.-.3#40!82! $2!-,442-02%!#7!$.02!20!82!3#%0.-.32%!#7N!R27N!42!&7.!,--#$.,442!#7-74!H%#.$!,7!8/5,7%$! $733&/6240#.%2:! ! 8 "2$!H%#.$!8Q#HH%#4-L.$$26240$!82!&#!826#482!82!%265,7%$26240!82$!H%#.$!82!-,442N.,4! ]0#%.H! 24! S.>727%! 82! &#! W,$02! 24! K%#4-2! 3,7%! &Q#-L26.426240! 1! S.02$$2! %/87.02+! 5#$2!a! 9<>_! 3,7%%,40! c0%2! %265,7%$/$! $7%! $.63&2! 826#482! /-%.02! R,.402! 1! &#! 826#482! 82! %265,7%$26240!82$!H%#.$!82!-,442N.,4:! ! "2$! H%#.$! 82! 3L,0,-,3.2! ,--#$.,44/$! 3#%! &Q24S,.! 82! 3.G-2$! R7$0.H.-#0.S2$! 82! &Q.8240.0/! $2%,40! />#&26240! %265,7%$/$! $7%! $.63&2! 826#482! R,.402! #7N! 3.G-2$! R7$0.H.-#0.S2$! 20! 1! %#.$,4!82!<+HB?@!B==AECG>?A!a!!! 5!/A=?BO!c[!d!5_e[[!f"!8Q742!S#&27%!82!EEE+<HB?@!B==AECG>?A!a!! 5!@?BIA!KA!UG>EB?;G=!MG=?;=@R!8Q742!S#&27%!6,A2442!82!E<<+<72! 87!?240%2!KY?Z*=f!T!"A,4!'-,&2!$73/%.27%2!82$!#%0$!20!02-L4.J72$!87!$32-0#-&2!20!87!-.4/6#!20! -240%2!82!H,%6#0.,4!-,40.472!3%,H2$$.,442&&2!]ggg6MA=?>AeUBM?G>V6MGE_:!! d#02$! 82$! $0#>2$! 1! 8/H.4.%! #S2-! &2! ?240%2! KY?Z*=f+! H,4-0.,4! &2$! $2$$.,4$! 82! H,%6#0.,4! 20! &2$! 3&#-2$!8.$3,4.5&2$:! W,7%! &2$! 32%$,442$! %/$.8#40! 1! 3&7$! 82! B26240! 82! 0%,.$]B_! 47.0$! $7%! 3&#-2! $2%,40! 3%.$! 24! -L#%>2! 3#%! &2$! ,%>#4.$#027%$! ! 3,7%! 74! 6,40#40! 6#N.676! 82! D;<+<B;@!KA!KHCDBMAEA=?@!@G=?!T!DB!MSB>IA!KHB?6! !! 5!/B=B@G=;M!$08!d!,YFAM?;U!5XeX8!8Q742!S#&27%!82!EEE+<HB?@!B==AECG>?A!a!! [42! $/%.2! &.6.0/2! 82! ;%#3L.2! 827N]9_! -,7&27%$! ]#7! -L,.N_! 82! &27%! S.$72&!>#>4#40+!8Q742!S#&27%!82!CE%#3L.2!82S%,40!!%2$32-02%!&2$!-,40%#.402$!$7.S#402$!a! ! 3EBIA@!LAM?G>;ADDA@!Z! `!O6#>2!24!J7#8%.-L%,6.2!]?up)_!! `!"2$!02N02$!8,.S240!c0%2!S2-0,%.$/$! `!"2$!0%#-/$!S2-0,%.2&$!$73/%.27%$!1!<+9!3,.40! `!O6#>2!&.6.0/2!1!9!-,7&27%$! `!"v.6#>2!82S%#!c0%2!-,63,$/2!8#4$!74!H,%6#0!L,6,0L/0.J72!YC! `!),7$!H,7%4.%!74!H.-L.2%!#7!H,%6#0!:23$! !! 3EBIA@!Y;?EBC!Z! `!"v.6#>2!8,.0!c0%2!24!J7#8%.-L%,6.2!]?up)_!#S2-!742!%/$,&70.,4!8v#7!6,.4$!B<#.4!J7.!%2$0240! 1!&#!-L#%>2!82$!>#>4#40$!! `!"2$!8/324$2$!32%$,442&&2$! `!"2$!8/3&#-26240$!20!&Q#&.6240#0.,4!$7%!3&#-2! &GKBD;?H@!KA!>AE;@A!KA!DG?@!Z! ! "2]$_!>#>4#40]$_!%/$.8240]$_!82!&#!S.&&2!82!"A,4!,7!8#4$!&#!&.6.02!82!D;t6!$2!S2%%#],40_!%26200%2! &2]$_!&,0]$_!&,%$!8Q74!%2482w`S,7$!-,4S247!8Q74!-,6674!#--,%8!#S2-!&2$!,%>#4.$#027%$!8#4$!&2$! D;!R,7%$!$7.S#40!&Q#44,4-2!87]2$_!>#>4#40]$_!$7%!&2!@.02!PPP:#%0.$073:H%:!!! ! "2]$_!>#>4#40]$_!%/$.8240]$_!1!3&7$!82!D;t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`82&1!8Q74!8/&#.!82!9!6,.$!-,7%#40!1!-,6302%!82!$#!-&o07%2:! ! ! ! )"(3+%#!_6!+,'*3(3,'.!%#$)%#.!! "Q,%>#4.$#027%!$2!%/$2%S2!&2!3&2.4!8%,.0!82!%2H7$2%!&2$!-%/#0.,4$!#&(!1!&Q24-,40%2!87!%G>&26240! ,7!,HH24$#40!&#!6,%#&2!,7!&Q/0L.J72:!! "Q,%>#4.$#027%!$2!%/$2%S2!&2!8%,.0!8v70.&.$2%!0,7$!&2$!%24$2.>426240$!H,7%4.$!3#%!&2$!3#%0.-.3#40$+! &2!8%,.0!8v70.&.$2%!&2$!-%/#0.,4$!24!S72!8Q#$$7%2%!&#!3%,6,0.,4!82!&Q/SG426240+!#.4$.!J72!&2!8%,.0! 82!6.$2!24!&.>42!$7%!$,4!$.02!PPP:#%0.$073:H%:! %7B! @7A=IBIA! HIBDAEA=?! T! MHKA>! T! D4G>IB=;@B?A<>! T! ?;?>A! I>B?<;?! A?! =G=! AOMD<@;UJ! DA! K>G;?!KA!C!A?!>AC>GK<;>A!DA@!M>HB?;G=@!KB=@!DA!MBK>A!KA!DB!C>GEG?;G=!K@J!A?! DA@!HDHEA=?@!KA!@B!=G?;MA!Y;GI>BCS;P!DA@!@?@!>AC>H@A=?B=?!@A@!M>HB?;G=@J!KB=@! DA@!EHK;B@!B;=@;!P!DA!>H@AB=A?!CA=KB=?!?GHA!K7AOCDG;?B?;G=!Q5!B=R:! "v#7027%!>#%#40.0!&Q,%>#4.$#027%!-,40%2!0,702!#-0.,4!24!-,40%2H#e,4!,7!$7%!&2!H,4826240!87!8%,.0! 1!&v.6#>2!1!%#.$,4!82!$#!-%/#0.,4:! %7B! >A@?A! D;Y>A! KA! >AC>GK<;>A! DB! M>HB?;G=! KG=?! ;D! A@?! D7B! @<>! ?GEA! KA! @?6!! ! ! )"(3+%#!a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h?>A!K;UU<@HA!CB>!DB!@GM;H?H!#2#',2#!A?!DA!@;?A!3=?A>=A?!ggg6B>?;@?!KB=@!DA! MBK>A!KB=K!+G=MG<>@!/SG?GW!2;KHGW!$>BCS;@EA!)"(3.(4-/6 ! ! W#%!-,4$/J7240+!&2!W#%0.-.3#40!>#%#40.0!&#!$,-./0/!,%>#4.$#0%.-2!20!$,4!$.02!PPP:#%0.$073:H%!-,40%2! 0,7$! %2-,7%$! ,7! #-0.,4$! J7.! 3,7%%#.240! &27%! c0%2! .40240/$! 1! 0.0%2! J72&-,4J72+! 1! &v,--#$.,4! 82! &v2N2%-.-2!82$!8%,.0$!-,4$240.$!3,7%!&2!3%/$240!-,4-,7%$+!3#%!0,702!32%$,442!#A#40!3#%0.-.3/!,7! 4,4!1!&#!3%,87-0.,4!82$!-%/#0.,4$!$7$-230.5&2!82!H#.%2!S#&,.%!74!8%,.0!82!J72&J72!4#07%2!J72!-2! $,.0:!! %A! /B>?;M;CB=?! MA>?;U;A! h?>A! A=! CG@@A@@;G=! KA! ?G;@B?;G=@! =HMA@@B;>A@! MG=MA>=B=?!?G@G==A!BVB=?!CB>?;M;CH!K;>AM?AEA=?!GAM?AEA=?!T!DB!>HBD;@B?;G=! KA@! M>HB?;G=@! C>GCG@HA@! CG<>! DA! MG=MG<>@J! =G?BEEA=?! DA@! @MH=B>;@?A@J! BM?A<>@J! B@J! B>?;@?A@! ;=?A>C>N?A@! KA@! E<@;PBCS;@?A@J! CSG?GI>BCSA@J! I>BCS;@?A@J! KHLADGCCA<>@i! B;=@;! PA! ;=?A>LA=B=?! BVB=?! CB>?;M;CH! T! DB! M>HB?;G=! GHBD;@B?;G=!KA@!M>HB?;G=@6!! ! ! !)"(3+%#!5`6!/-j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q`DF!xO4H,%6#0.J72!20!".52%0/$x!87!M!R#4S.2%!DEFq:! ! d7! $27&! H#.0! 82! &27%! 3#%0.-.3#0.,4! #7! 87! V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62! Y=ZO@ZQ[W+! &2$! W#%0.-.3#40$! 20! &2$! "#7%/#0$! 87! V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62! Y=ZO@ZQ[W! #70,%.$240! &#! -.0#0.,4! 82! &27%$! 4,6! 20! 3%/4,6! 20X,7! 3$278,4A62! ]4,6! 8Q#%0.$02_! $7%! 0,70! $733,%0!,4`&.42!$7%!&2!$.02!,7!$7%!3#3.2%!70.&.$/!3#%!PPP:#%0.$073:H%!1!82$!H.4$!82!C>GEG?;G=!87! V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!Y=ZO@ZQ[W+!82!&#!$,-./0/!'(')*('!20!87!@.02!O402%420! PPP:#%0.$073:H%+! $#4$! J72! -27N`-.! %2e,.S240! 82! %/674/%#0.,4+! 8%,.0! ,7! #S#40#>2! #70%2! J72! &v#00%.570.,4!82!&27%!8,0#0.,4:! ! @.! &2$! W#%0.-.3#40$! 20! &2$! "#7%/#0$+! $,7L#.0240! J72! &27%! .8240.0/! 42! H.>7%2! J72! $7%! &2! $.02! 82! &#! $,-./0/!'(')*('+!20X,7!82!&27%$!3#%024#.%2$+!.&$!82S%,40!H#.%2!3#%S24.%!1!&#!$,-./0/!'(')*('!a! 4I9! J7#.! K7&-L.%,4! T! ME<<;! "A,4! ,7! 3#%! 6#.&! 1! &Q#8%2$$2! #%0.$073y>6#.&:-,6+! 742! 826#482! 2N3%2$$2! 8G$! &2! R,7%! 82! &#! 375&.-#0.,4! 82$! %/$7&0#0$! 87! -,4-,7%$! $7%! PPP:#%0.$073:H%! 8#4$! -2! $24$:! ! ! )"(3+%#!556!*,''#.!',&3')(32#.! "2$! V#>4#40$! #70,%.$240! 0,702$! &2$! S/%.H.-#0.,4$! -,4-2%4#40! &27%! .8240.0/+! &27%$! -,,%8,44/2$! 0/&/3L,4.J72$+!3,$0#&2$!20!2`6#.&:! ! Z,70! 3#%0.-.3#40! #A#40! -,6674.J7/! 1! PPP:#%0.$073:H%+! S.#! $,4! .4$-%.30.,4! 1! ! 82$! -,,%8,44/2$! H#7$$2$!,7!2%%,4/2$+!$2%#!2N-&7!87!V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!Y=ZO@ZQ[W+!$#4$! J7v.&!$,.0!3,$$.5&2!3,7%!&7.!8v2HH2-072%!74!J72&-,4J72!%2-,7%$:! ! (GEB?;G=@! P?;M;CB=?@! MGEE<=;P! DA! @;?A! @G=?! KA@?;=HA@! <=;P?;@?J!>A@CG=@BYDA!KB;?AEA=?!A?!>A@?A>G=?!MG=U;KA=?;ADDA@6! '4! #33&.-#0.,4! 82! &#! &,.! .4H,%6#0.J72! 20! &.52%0/! 87! M! p#4S.2%! DEFq+! #%0! BE+! C6#.&:-,6! ,7! 3#%! -,7%%.2%! 1!a! '(')*('+! 9! J7#.! K7&-L.%,4! ME<<;!"A,4:! ! ! )"(3+%#!586!k,"+#!&)]#-"#! ! '4! -#$! 82! H,%-2! 6#R27%2! ,7! $.! &2$! -.%-,4$0#4-2$! &Q.63,$240+! &#! $,-./0/! '(')*('! $2! %/$2%S2! &2! 8%,.0!82!6,8.H.2%!&2!3%/$240!%G>&26240+!82!%23,%02%!,7!8Q#447&2%!&2!-,4-,7%$!,7!&2$!/S/426240$! 3&7%.8.$-.3&.4#.%2$!&./$:! @#!%2$3,4$#5.&.0/!42!$#7%#.0!c0%2!24>#>/2!87!H#.0!82!-2$!6,8.H.-#0.,4$:! ! ! )"(3+%#!5:6!"#./,'.)j3%3(#! ! O&!2$0!2N3%2$$/6240!%#332&/!J72!O402%420!4Q2$0!3#$!74!%/$2#7!$/-7%.$/:!! "#! $,-./0/! '(')*('! 20! $,4! $.02! O402%420! PPP:#%0.$073:H%! 42! $#7%#.240! 8,4-! c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c-L2%#.240!&2!5,4!8/%,7&26240!87!V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62:! W&7$!3#%0.-7&.G%26240+!&#!$,-./0/!'(')*('!20!$,4!$.02!O402%420!PPP:#%0.$073:H%!42!$#7%#.240!c0%2! 0247$!3,7%!%2$3,4$#5&2$!8Q74!J72&-,4J72!8,66#>2!-#7$/!#7N!3#%0.-.3#40$+!1!&27%$!/J7.326240$! .4H,%6#0.J72$! 20! #7N! 8,44/2$! J7.! A! $,40! $0,-t/2$+! #.4$.! J72! 82$! -,4$/J724-2$! 3,7S#40! 24! 8/-,7&2%!$7%!&27%!#-0.S.0/!32%$,442&&2!,7!3%,H2$$.,442&&2:! '4! ,70%2+! &27%! %2$3,4$#5.&.0/! 42! 3,7%%#! 24! #7-74! -#$! c0%2! %202472! 24! -#$! 82! 3%,5&G62$! 8v#-L26.426240!,7!82!32%02!82!-,7%%.2%!3,$0#&!,7!/&2-0%,4.J72:! "#!$,-./0/!'(')*('!20!$,4!$.02!O402%420!PPP:#%0.$073:H%!42!$#7%#.240!8#S#40#>2!c0%2!0247$!3,7%! %2$3,4$#5&2$! #7! -#$! ,l! 74! ,7! 3&7$.27%$! 3#%0.-.3#40$! 42! 3,7%%#.240! 3#%S24.%! 1! $2! -,442-02%! #7! $.02! PPP:#%0.$073:H%! ,7! 1! A! 3#%0.-.32%! 87! H#.0! 82! 0,70! 3%,5&G62! ,7! 8/H#70! 02-L4.J72! &./! 4,0#66240!1!&v24-,65%26240!87!%/$2#7:! '4!,70%2+!&#!%2$3,4$#5.&.0/!82!&#!$,-./0/!'(')*('!20!$,4!$.02!O402%420!PPP:#%0.$073:H%!42!3,7%%#! 24!#7-74!-#$!c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d,0#0.,4!\_:! "#! $,-./0/! '(')*('! 20! $,4! $.02! O402%420! PPP:#%0.$073:H%! 42! $#7%#.240! c0%2! 0247$! 3,7%! %2$3,4$#5&2$!82!0,70!S,&!20!32%02!.402%S247$!&,%$!82!&#!&.S%#.$,4:! Z,702! 8/-&#%#0.,4! .42N#-02! ,7! 624$,4>G%2+! 0,702! H%#782! 240%#h42%#! &#! 8.$J7#&.H.-#0.,4! 82! &Q[0.&.$#027%:! O&! 42! $2%#! %/3,487! 1! #7-742! 826#482! 0/&/3L,4.J72! ,7! /-%.02! -,4-2%4#40! &Q.402%3%/0#0.,4! ,7! &Q#33&.-#0.,4!87!3%/$240!%G>&26240+!&2$!6/-#4.$62$!,7!&2$!6,8#&.0/$!87!?,4-,7%$!#.4$.!J72!$7%! &#!&.$02!87!>#>4#40:! '4H.4+! &#! $,-./0/! '(')*('! 20! $,4! $.02! O402%420! PPP:#%0.$073:H%! 42! 3,7%%,40! c0%2! 0247$! 3,7%! %2$3,4$#5&2$! 82! &Q70.&.$#0.,4! H%#787&27$2! 82$! 8%,.0$! 82! -,442N.,4! ,7! 8Q#00%.570.,4! 82! &,0$! 8Q74! 3#%0.-.3#40+!$#7H!1!8/6,40%2%!&Q2N.$024-2!8Q742!H#702!&,7%82!82!&#!3#%0!82!&#!$,-./0/!'(')*('!20! $,4!$.02!O402%420!PPP:#%0.$073:H%:! ! ! ! ! ! 12 )"(3+%#!5X6!)++#/()(3,'!*-!"#$%#&#'(! ! "2!$.63&2!H#.0!82!3#%0.-.32%!#7!V%#48!?,4-,7%$!WL,0,X!(.8/,X!V%#3L.$62!Y=ZO@ZQ[W+!.63&.J72! &v#--230#0.,4!37%2!20!$.63&2!3#%!&2!3#%0.-.3#40!82!&v.40/>%#&.0/!87!3%/$240!%G>&26240+!A!-,63%.$+! #7!H7%!20!1!62$7%2!82!&27%!.402%S240.,4+!$2$!#S24#40$!/S24072&$!20!$2$!#88.0.H$:! Y7-742! -,402$0#0.,4! #HH/%#40! #7! 8/%,7&26240! 87! V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62! Y=ZO@ZQ[W!42!$#7%#.0!c0%2!3%/$240/2:! ! "#!$,-./0/!'(')*('!2$0!$27&2!-,63/02402!3,7%!%/>&2%!0,70!&.0.>2!3,%0#40!$7%!&v.402%3%/0#0.,4+!&#! 6.$2! 24! ,27S%2! ,7! &v2N/-70.,4! 87! 3%/$240! %G>&26240:! Z,702$! &2$! 8.HH.-7&0/$! 3%#0.J72$! 8Q.402%3%/0#0.,4! ,7! 8Q#33&.-#0.,4! 87! 3%/$240! %G>&26240! $2%,40! 0%#4-L/2$! $,7S2%#.426240! 3#%! &Q*%>#4.$#027%:! "2! =G>&26240! 3270! c0%2! 6,8.H./! 1! 0,70! 6,6240! $,7$! &#! H,%62! 8Q74! #S24#40! 3#%! &Q*%>#4.$#027%!! 8#4$! &2! %2$32-0! 82$! -,48.0.,4$! /4,4-/2$! 20! 375&./! 3#%! #44,4-2! 24! &.>42! $7%! &2! @.02! PPP:#%0.$073:H%:! "2!=G>&26240!3270!c0%2!-,4$7&0/!$7%!&2!$.02!PPP:#%0.$073:H%!20!3270!c0%2!#8%2$$/!>%#07.026240!1! 0,702!32%$,442!J7.!24!H2%#!&#!826#482!/-%.02!1!&Q#8%2$$2!6#.&!$7.S#402!#%0.$073y>6#.&:-,6!,7!1! &Q#8%2$$2!82!&Q,%>#4.$#027%!a!$#%&!'(')*('!9+!J7#.!K7&-L.%,4!ME<<;!"f*)!20!-2!R7$J7Q1!&#!8#02!82! &#!375&.-#0.,4!87!%/$7&0#0!87!?,4-,7%$:! ! ! ! )"(3+%#!5[6!*",3(.!*#!/",/"3#(#!3'(#%%#+(-#%%#!! ! ?,4H,%6/6240! #7N! &,.$! %/>.$$#40! &2$! 8%,.0$! 82! 3%,3%./0/! &.00/%#.%2! 20! #%0.$0.J72! ,7! &2$! 8%,.0$! S,.$.4$+!&#!%23%,87-0.,4!20!&#!%23%/$240#0.,4!82!0,70!,7!3#%0.2!82$!/&/6240$!-,63,$#40!&2!V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62! Y=ZO@ZQ[W! $,40! $0%.-026240! .402%8.02$:! "v24$265&2! 82$! 6#%J72$!20X,7!&,>,$!-.0/$!$,40!82$!6#%J72$!8/3,$/2$:! ! O&! 2$0! %#332&/! .-.! &2$! -,48.0.,4$! >/4/%#&2$! 8Q70.&.$#0.,4! 87! $.02! PPP:#%0.$073:H%! -,4-2%4#40! &#! 3%,3%./0/!.402&&2-072&&2!a!! ! "Q[0.&.$#027%! $Q24>#>2! 1! %2$32-02%! &2$! 8%,.0$! 82! 3%,3%./0/! .402&&2-072&&2! 82$! 0.2%$:! Y! -2! 0.0%2+! &Q[0.&.$#027%! $Q.402%8.0! 82! 6200%2! 24! &.>42+! 0/&/-L#%>2%+! .40/>%2%+! 375&.2%+! 24S,A2%+! 0%#4$6200%2! ,7! %248%2! 8.$3,4.5&2! 74! -,40247! J7.! 24H%2.48%#.0! 0,7$! 8%,.0$! 8Q#7027%+! 5%2S20$+! 6#%J72$+!$2-%20!82!H#5%.J72!,7!0,70!#70%2!8%,.0!82!3%,3%./0/!.402&&2-072&&2!20X,7!.487$0%.2&&2:! ! 3D! A@?! >BCCADH! ;M;! MG=MA>=B=?! DB! C>GC>;H?H! ;=?ADDAM?! LG<@! h?A@! @AA@CG=@BYDA! KHAlJ! K;UU<@AlJ! >AMALAlJ! A?WG!DA!.;?A!A?!KA!@B!MG=UG>E;?H!BG;?!A?!T!DB!>HIDAEA=?B?;G=!A=!L;I!B;=@;! PL;MA@!BMMA@@;YDA@!@<>!DA!.;?A:! ! Y7-74!%/$7&0#0!$3/-.H.J72!42!S,7$!2$0!>#%#40.!3#%!Y=ZO@Z[W!87!H#.0!82!&27%!7$#>2:! ! '4!J7#&.0/!8Q[0.&.$#027%!87!@.02+!S,7$!>#%#40.$$2w!#.4$.!J72!a! ! ._!! @.! S,7$! 8.HH7$2w! 74! -,40247! $7%! &2! @.02+! S,7$! c02$! 0.07&#.%2! 82$! 8%,.0$! $7%! -2! -,40247! 20X,7! S,7$!c02$!#70,%.$/!1!&2!8.HH7$2%:! ! .._!! "2!-,40247!J72!S,7$!62002w!24!&.>42!42!-,40%2S.240!4.!42!-,40%2S.248%#!R#6#.$!1!82$!8%,.0$! 82! 3%,3%./0/! .402&&2-072&&2! 4.! 1! 82$! 8%,.0$! 82! 0.2%$+! 4.! 1! 0,702! #70%2! 8.$3,$.0.,4! 87! 8%,.0! 24! S.>727%!20!J72!S,7$!8.$3,$2w!82$!8%,.0$!4/-2$$#.%2$!1!$#!6.$2!24&.>42!$7%!&2!@.02+!! ! ..._! (,7$! #S2w! &2! 8%,.0! 8v#--,%82%! 0,7$! 8%,.0$! 20! &.-24-2$! 4/-2$$#.%2$! #7N! 02%62$! 82$! 3%/$2402$! H.>7%#40!-.`82$$,7$+!A!-,63%.$+!6#.$!$#4$!$vA!&.6.02%+!0,70!8%,.0!82!3%,3%./0/!.402&&2-072&&2!20! #70%2$! 8%,.0$! &./$! #7! -,40247+! $#4$! %.$J72! 82! 3,7%$7.02$! 4.! 82! %/-#0.,4$! 20! $#4$! -,40%2S24.%!#7N!8%,.0$!82!0,702!32%$,442!,7!240.0/+!A!-,63%.$!0,702!#002.402!#7!%2$32-0!82!&#! S.2!3%.S/2!,7!#7!8%,.0!1!&v.6#>2:! ! .S_!"#!@,-./0/!'(')*('!42!%2S248.J72!#7-74!8%,.0!82!3%,3%./0/!$7%!&2!-,40247!]4,0#66240!&2$! 02N02$+! H.-L.2%$+! .6#>2$+! 3L,0,>%#3L.2$+! S.8/,$+! $,4$! ,7! 0,702! ,27S%2! 82! &Q2$3%.0_! J72! S,7$! -%/2w+!8.HH7$2w+!%2-2S2w+!20X,7!62002w!1!8.$3,$.0.,4!$7%!&2!@.02:!! 13 ! "Q[0.&.$#027%!J7.!$,73e,442!J72!$,4!0%#S#.&+!$2$!i7S%2$!20!3&7$!>/4/%#&26240!$2$!8%,.0$!,40!/0/! 24H%2.40$! 8,.0! 24! .4H,%62%! 8#4$! &2$! 3&7$! 5%2H$! 8/&#.$! &#! $,-./0/! '(')*('! 1! &Q#8%2$$2! #%0.$073y>6#.&:-,6+!J7.!3%248%#!24!-,4$/J724-2!0,702!62$7%2!82!$#!-,63/024-2:! ! d#4$! -2! -#$+! &#! $,-./0/! '(')*('! $2! %/$2%S2! &#! 3,$$.5.&.0/! 82! 826#482%! 1! &Q[0.&.$#027%! 0,702! .4H,%6#0.,4!-,63&/6240#.%2+!4,0#66240!$7%!&Q.8240.H.-#0.,4!82!&Qi7S%2!,7!82$!8%,.0$!3%,0/>/$+! 3,7%!$Q#$$7%2%!82!&#!%/#&.0/!82!&#!S.,�.,4!%2S248.J7/2:! ! ! )"(3+%#!5\6!+,'2#'(3,'!*#!/"#-2#! @#7H! 24! -#$! 8v2%%27%$! 6#4.H2$02$+! .&! 2$0! -,4S247! J72! &2$! .4H,%6#0.,4$! %2�.S2$! #7! V%#48! ?,4-,7%$! WL,0,X! (.8/,X! V%#3L.$62! Y=ZO@ZQ[W! .$$72$! 82$! $A$0G62$! .4H,%6#0.J72$! 82! PPP:#%0.$073:H%! ,40! H,%-2! 3%,5#402! 8#4$! 0,70! &.0.>2! J7#40! #7N! /&/6240$! 82! -,442N.,4! 20! #7! 0%#.026240!.4H,%6#0.J72!82$8.02$!.4H,%6#0.,4$:! ! ! )"(3+%#!5b6!k")-*#.! ! %A!@;?A!ggg6B>?;@?!@A!>H@A>LA!DA!K>G;?!@7;D!V!B!D;A!A?WG!?G?;A! K7<=A! CB>?;M;CB?;G=! @7;D! BCCB>Bm?! PB?A@! GLA=<@! @G<@! PEA! PA! ;=UG>EB?;PA! KA! DB! CB>?;M;CB?;G=! BB=K! +G=MG<>@! /SG?GW!2;KHGW!$>BCS;@EA!)"(3.(4-/!GE;=B?;G=!K#>/2! #7! 0.0%2! 82! -2! J7.! 3%/-G82! 20! &2$! 3#%0.-.3#40$!42!3,7%%,40!8,4-!3%/0248%2!1!#7-74!8/8,66#>26240!,7!.48264.0/!82!J72&&2!J72! 4#07%2!J72!-2!$,.0:! ! ! )"(3+%#!5_6!*#/,(!#(!+,'.-%()(3,'!*-!"#$%#&#'(! ! "2! 3%/$240! %G>&26240! #! /0/! 8/3,$/! -L2w! u#h0%2! n2%S/! @,7-L2! L7.$$.2%! 82! R7$0.-2! #7! $2.4! 82! &#! @?W!Y&#.4!u7&&2%!n2%S/!@,7-L2!s!Y48%2!W2A%,-L2!0.07&#.%2!8Q74!,HH.-2!8QL7.$$.2%!82!R7$0.-2!1!&#! %/$.824-2!82!"A,4+!A!82627%#40!B!%72!87!V#%20!T!ME<&26240!2$0!#8%2$$/!1!0.0%2!>%#07.0!1!0,702!32%$,442!24!H#.$#40!&#!826#482!#73%G$!82!@?W! Y&#.4! u7&&2%! n2%S/! @,7-L2! s! Y48%2! W2A%,-L2! 0.07&#.%2! 8Q74! ,HH.-2! 8QL7.$$.2%! 82! R7$0.-2! 1! &#! %/$.824-2!82!"A,4+!A!82627%#40!B!%72!87!V#%20!T!ME<727%! 8#4$! &#! &.6.02! 8v742! 826#482!3#%!H,A2%+!6c62!4,6+!6c62!#8%2$$2:! '4!,70%2+!&2!%G>&26240!3270!c0%2!-,4$7&0/!8.%2-026240!24!&.>42!$7%!&2!$.02!PPP:#%0.$073:H%:! ! ! )"(3+%#!5a6!*",3(!)//%3+)j%#!#(!]-"3*3+(3,'! ! "2!3%/$240!%G>&26240!2$0!$,76.$!1!&#!&,.!H%#4e#.$2:!"2!$.02!PPP:#%0.$073:H%!/0#40!$27&!-,63/0240! 3,7%!&v.402%3%/0#0.,4+!&#!6.$2!24!,27S%2!,7!&v2N/-70.,4!87!3%/$240!%G>&26240+!&2$!3#%0.-.3#40$!20! PPP:#%0.$073:H%!$v2HH,%-2%,40!82!%/$,78%2!1!&v#6.#5&2!0,70!&.0.>2!J7.!$7%S.248%#.0!1!&v,--#$.,4!82! -2!%G>&26240:!'4!-#$!82!8/$#--,%8!32%$.$0#40+!&2!&.0.>2!$2%#!$,76.$!1!&#!-,63/024-2!87!Z%.574#&! 82!V%#482!O4$0#4-2!82!"A,4:! "2!3%/$240!%G>&26240!3270!c0%2!-,4$7&0/!8.%2-026240!24!&.>42!$7%!&2!$.02!PPP:#%0.$073:H%:! 14