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a5/1-) ?:/*/?/ / :3)+:() -) )(,+ /=)30/1N/1-) 3+5 0/:A B5+A .+3/1/>3+1,+ /-3:1:.,(/?/ /5>/. 1/ R/=5>-/-+A 1). N).0+-@?/3). 1) .+3:1@(:) -/ -:)=+.+AB5+1/B5+>/[0)=/A0)(=)1,/-),/3/1N)-/=:-/-+A).+3:1@(:)>)=/>:T/?/.+1/ .5/0+(:R+(:/+3-:(+68)W=:-/-+-+a5:\+([').+3:1@(:)?:.>53C(@?/3).)=/(1/5C/> B5+.+0+(-:/-+?:.,/+B5+(+0(+.+1,/?//2(/1-+(:B5+T/-/(+2:8)'?+1,)A/)C/,+(1/. 0/>N/.-)=/(1/5C/>A0()-5T:/53/.)1)(:-/-+.:125>/(B5+3:.,5(/-//).)3-).=/,/ ?+1,). -/. =/./. + -) .+3:1@(:) 3/1,:1N/3 ). 3+5. .+1,:-). W -:.0).:68) -/B5+>+ +.0+,@=5>)' B5+>/=)1.,(568)+(/3/(/?:>N)./$-+T+1/.-+B5/(,).A./>/.A=/0+>/A:2(+*/A ./>8)0/(/=+(:3b1:/.+(+51:`+.AB5/-(/-++.0)(,+.+))C*+,)-+-+.+*)-+,)-).). >:3)+:(+1.+.$),/1B5+0/(/C/1N)' .(+R+:6`+.+(/3.+(?:-/.1/9./>/-+*/1,/(;A)1-+ =)30/(+=:/3+3N)(@(:)-+,+(3:1/-)).(+.:-+1,+.-)>52/(A1)=/.)A).0/-(+.A/>253/.
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'(/3(+R+:6`+.)1-+)./..51,).A).3/:.?/(:/-).A(+=+C:/3.+30(+A1)R:1/>A )=)3+1,@(:)-)C:.0)+.5/(+R>+\8).)C(+)351-)3)-+(1)')3/>=8),+(:/.:-)) 0(:3+:() C:.0) +3 :3)+:() -) )(,+ / 5./( =/>6/A .+3 / C/,:1/A B5/1-) 18) +.,/?/ =+>+C(/1-)' 5?: / N:.,4(:/ -/ .5/ =N+2/-/ (+>/,/-/ / 3:3 0)( :(:>)JA */(-:1+:() -)
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)3 5(+>:/1)/,).*@-)+1,+(+=+C+5,+>+2(/3/1),:=:/1-)/=N+2/-/+3 :3)+:()-))(,+-):.0) 5\:>:/()3 >3+:-//>=8)A-+0()1,)A)3 5(+>:/1)=N/3)53+0/(/A=)1,(/,/1-)=/(()-+0(/6/>+?/()*)?+3C:.0)/.5/ 0(+.+16/+.4/..:3-+0):./>)*@>)')3+:53.5.,)/)?+(53C:.0)-+.=+1-) -)b1:C5.-+=/>6/AB5+1+30+(=+C:B5++(/)C:.0)+.+33+-/(=)1,/-)
.R/3D>:/.-+:3)+:()-))(,++/-*/=Y1=:/./C/.,/-/.=)1.,()+3+3.5/.0()0(:+-/-+.,/1B5+.0/(/ C/1N)+18)0:.=:1/.'.,+R/,)AW.?+T+.-:.=5,:-)0+>).?:.:,/1,+.(+=+C+3/.+25:1,+(+.0).,/$153/(+2:8) B5+1,+=)3))%/25/(:C+A),/1B5+0)(.+(3/:./>,)B5+/0:.=:1/(+=+C+3/:)(?+1,:>/68)+[3/:.R@=:>-+ =)1.,(5:('
I)3 >3+:-//>=8)R):C:.0)/5\:>:/(-+)3 5(+>:/1)/,).+).5=+-+5/04./3)(,+')*+[=/(-+/>+
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+251-))1.+1N)(%)8)>D30:)QA,+(:/.:-)+>++)/-(+:,)3C+:(/).
0(:3+:().0/-(+./5./(+3=/>6/.+3:3)+:()-))(,+A-+0):.-/>:C+(/68)(+/>:T/-/0+>) )1=D>:)/,:=/1)+/5,)(:T/68)-+)3 5(+>:/1)'+.3)/..:3A53C:.0)-+=/>6/. +3:3)+:()A/:1-/18)N/?:/.5(2:-)A0):.A)3 5(+>:/1)A18))C.,/1,+).?+1,).-) =)1=D>:)-+%)8)cc+/5>)A/1-/?/-+C/,:1/++(/0/(/-)=)1.,/1,+3+1,+0+>/ 0)05>/68)>)=/>B5+.+/*)+>N/?//.5/R(+1,+A0+2/?//.5/38)+C+:*/?/)/1+>-+C:.0)' .,+=+(:3)1:/>.+251-))1.+1N)(%)8)>:30:)A.+(+0+,:/-:?+(./.?+T+./)-:/+18) /C/>/?/):.0)'
)>,/1-)/).+3:1@(:)A(+>+3C(+:).3)3+1,)./04./.(+R+:6`+.)1-+,)-). -+.=/1./?/31).*/(-:1.:1,+(1).S1+.,+3)3+1,)A/.=)1?+(./.+(/3.)C(+/./,:?:-/-+. +1R(+1,/-/.1)-://-:/A/)C.,:1/68)-).0/-(+.+3(+>/68)W=/(Y1=:/-+*)?+1.0/(/) ./=+(-4=:)A53/0(+)=50/68)R(+Bd+1,+-/2(+*/'.+3:1@(:)+.,/?/=)3531K3+() =/-/?+T3/:.(+-5T:-)-+/>51).AR/,)B5+,(/T:/=+(,)-+.=)1R)(,)/B5+>+C:.0/-)'/(/ />251.A:..)+(/=)1.+Bd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`+. 0(/ ,/> =)30)(,/3+1,)A+(//)..@C/-).A1)C/1N)-+,/1B5+A)1-+/.C(:1=/-+:(/.+1,(+=)(,/-/. 0+>).2(:,).A-+151=:/?/3/:-/-+-/B5+>+.3+1:1).'5,()3)3+1,)+(/1).0/..+:).-+ C:=:=>+,/S/>:@.A1):3)+:()-))(,+A=:-/-+0>/1/A)B5+18)R/>,/?/+(/C:=:=>+,/') .+3:1@(:)AN/?:/C:=:=>+,/.-+(+.+(?/B5+).?:.:,/1,+.5,:>:T/?/3'+.,/.N)(/.A+5+). :1,+(1).-).+3:1@(:)0/..+@?/3)..+30/(/(A+3,)-/./.-:(+6`+.A=/-/53,+1,/1-)
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+.,/(WR(+1,+-).)5,().')(/3+../.C(:1=/-+:(/.B5+3+R:T+(/3=)1N+=+(/+.,(5,5(/ 5(C/1/-+:3)+:()-))(,+'
)-)./1-/?/3A)53+>N)(A5,:>:T/?/3/C:=:=>+,/=)3)3+:)-+=)1-568)' (/3/(/?:>N).)?+()0/,/3/(+/.>/,+(/:.-/2(+*//,(:T1/N)(/-/3:../A>),/-).-+ C:=:=>+,/.-+,)-).).,:0).+,/3/1N).'5-)(+B5+(://3:1N//,+168)A).3/:.?+>N). =)1-5T:1-)-+3/1+:(/3/:.=/>3/+/,[.:>+1=:)./.5/.C:=:=>+,/.S.+=)1,(/0)1-)/+../ ,(/1Bd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
+30(+B5++.,/?/1/=:-/-+A2).,/?/-+)5?:(/@-:)-5=/-)(/AB5+ +1,(+/.3K.:=/.+0()2(/3/.-:@(:).A1),:=:/?//./,:?:-/-+.=5>,5(/:.A.)=:/:.+(+>:2:)./. -/.+3/1/'+(/>3+1,+A,/:./,:?:-/-+./=)1,+=:/31/.:1.,:,5:6`+.>/:=/.A=)3)))>[2:) :)=+./1)A)3/:)(-/(+2:8)' >:.+(+/>:T/?/3-+.-+).+?+1,).+.0)(,:?).A0/../1-) 0+>/.R+.,/.*51:1/.A/,[/.=+(:3b1:/.-+=)1=>5.8)-+=5(.).'.,:?+0(+.+1,++3/>251. -+..+. +?+1,). + +5 3+ -+>:=:/?/ +3 /-3:(/( / /(B5:,+,5(/ -/B5+>+. 0([-:).A 3+ 0+(251,/1-)=)3)/2(+*/N/?:/=)1.+25:-)(+/>:T/(,/3/1N)+30(++1-:3+1,)'
(+.0)1-:/3B5+A=)3),:1N/3+.,5-/-)1))>[2:):)=+./1)A0/(/+>+./B5:>),5-)+(/ 1)(3/>'
5:,). -+..+. 51:?+(.:,@(:). =)1N+=+(/3 )3 5(+>:/1) /,).A +A 3+ (+>/,/?/3 B5+ +>+ +.,/?/ .+30(+ 0(+.+1,+ 1/. +.=)>/. -) 351:=D0:)A 0/(,:=:0/1-) /,:?/3+1,+ -/. -+=:.`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
../. >+3C(/16/. 3+ R:T+(/3 0+(=+C+( ) B5/1,) /B5+>+ 0+(D)-) R): :30)(,/1,++33:1N/?:-/' =N)B5+/:-/-++/)C(:2/,)(:+-/-+:30).,/0+>)3+50/:A1/ 3:1N/:-/R(+Bd+1,+/B5+>/=:-/-+A=)3)=/.,:2)0+>/.,(/?+..5(/.(+/>:T/-/.0)(3:3 -5(/1,+.5/.?:/2+1.A+3.+3/1/./1,+(:)(+.A+3)(,/>+T/A+1?)>?+(/3/B5+>+0+(D)-)1) 3/( -) +.B5+=:3+1,)' 2)(/A )C.+(?/1-) / 3:1N/ N:.,4(:/ -+ ?:-/A 0(:1=:0/>3+1,+A 1/B5+>+0+(D)-)A0+(=+C)/0)..:C:>:-/-+-+R/T+(53(+=)1N+=:3+1,)-+3:33+.3)+A /..:3A R/T +.,/ :1?+.,:2/68) 2/1N/( 3/:)(.:21:R:=/-)A /256/1-)+ :1.,:2/1-)/ 3:1N/ =5(:).:-/-+0/(//(+/>:T/68)-+1)?/.>+:,5(/.-+.,+0/../-)A=/-/?+T3/:.0(+.+1,++3 3:1N/ 3+34(:/A >+3C(/16/. B5+ =)1,(:C5+3 +1)(3+3+1,+ 0/(/ ) 2).,) +3 +.,5-/( + (+=)30)(53R(/23+1,)-/N:.,4(:/-/-5=/68)+3:3)+:()-))(,+'
5(:)./3+1,+A 0/../-). />251. /1).A R5: /0()?/-) 1) /1) -+ A +3 =)1=5(.)0KC>:=)0/(/0()R+..)(-++)2(/R:/1/1:?+(.:-/-+.,/-5/>-)+/(@A+R5: >),/-)1)+0/(,/3+1,)-++)=:Y1=:/.-/ A+3:3)+:()-))(,+' 2)(/A =)3) 0()R+..)( + =)>+2/ -+ 3/2:.,[(:) -+ 35:,). >:3)+:(+1.+.A +1,(+ +>+. 0/-(+. B5+ =)1N+=+(/3 )3 5(+>:/1) /,).A (+3+3)(+: ). ,+30) -+ /-)>+.=+1,+ + 0+(=+C: / :30)(,^1=:/ N:.,4(:=/ B5+ / =:-/-+ -/?/ /) 0(+>/-)A ) B5+ *@ *5.,:R:=/(:/ 53/ /30>/ -:.=5..8).)C(+/1+=+..:-/-+-+0+.B5:./(.5/?:-/+)C(/./=+(-),/>'
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`+.0/(/+.,+1-+(+..+. 0()=+-:3+1,).+/>:3+1,/(0+(.0+=,:?/.-+:1?+.,:2/68)1/>:1N/-+0+.B5:./-/N:.,4(:/-/ +-5=/68)1)+/(@'
X 1!$(1 ! 5@-(1! V(1,G(
=)30/1N/(/.(+=+1,+.,+1-Y1=:/.N:.,)(:)2(@R:=/.+/.:1?+.,:2/6`+.1/ @(+/ -/ 0+.B5:./A :30>:=)5 53 +.,5-) -+,/>N/-) +3 >:?().A +1./:). + ,+\,).-). 3/:. ?/(:/-)./5,)(+..)C-:R+(+1,+./0)(,+.,+4(:=).A,+3/.+0()C>+3/.AB5+0)..:C:>:,/..+3 )5,(/.,/1,/.>+:,5(/.-)0()=+..)N:.,4(:=)-/+-5=/68)A18)0(+,+1-+1-)A[=>/()A+>/C)(/( 1+1N53 =)30Y1-:)A 3/.A =)1,(:C5:( 0/(/ 53/ R51-/3+1,/68) ,+4(:=/ B5+ 0+(3:,:..+ +.,5-/(A+.=(+?+(A(+=)30)(53R(/23+1,)-/N:.,4(:/-/+-5=/68)1)+/(@'
(+=)((Y1=://+.,+/(=/C)56),+4(:=)R51-/3+1,/>W0+.B5:./A:30>:=)51/ =)1.,(568)-+53//C)(-/2+3-).+?+1,).N:.,4(:=)./0/(,:(-/)?/:.,4(:/5>,5(/>A +.=)>N/B5+.+*5.,:R:=/A53/?+TB5+A-).1)?).3)-+>).N:.,)(:)2(@R:=).A[A*5.,/3+1,+A/ :.,4(:/5>,5(/>AB5+3/:.=)1.+25+,(/T+(1)?)./(+./),(/C/>N)-)0+.B5:./-)(:3C5D-) +30+.B5:./(/N:.,4(:/-/+-5=/68)'
-/-)B5+*5.,:R:=/1)../+.,(/,[2:/-+:1?+.,:2/68)A1).[-/-)0)(+./?+1,)A.+251-)+>/A /)?/:.,4(:/5>,5(/>
=)((+.0)1-+N)*+A/=+(=/-+!Hf-/0()-568)N:.,)(:)2(@R:=/1/=:)1/>A+\0(+../ 18).41/.05C>:=/6`+.+.0+=:/>:T/-/.A.)CR)(3/-+>:?().+/(,:2).A=)3)1/. /0(+.+1,/6`+.-+,(/C/>N).A+3=)12(+..).+.:304.:).)5/:1-/1/.-:..+(,/6`+. +,+.+.A-+R+1-:-/.++3/1-/3+1,)A1/.51:?+(.:-/-+.C(/.:>+:(/.'!
/(=/C)56):1,+>+=,5/>B5+?/:-/()(:2+3W)?/:.,4(:/5>,5(/>+.,@ :1,:3/3+1,+>:2/-)/).5(2:3+1,)A1)R:1/>-/-[=/-/-+GHA1/(/16/A-+53/1)?/ R)(3/ -+ .+ 0+1./( /. B5+.,`+. N:.,)(:)2(@R:=/.A :-+1,:R:=/-/ =)3) :.,4(:/ -/. +1,/>:-/-+.' ../ 1)?/ R)(3/ -+ .+ :1,+(0(+,/( ). R/,). N:.,4(:=).A C5.=/?/ R52:( -/ N:.,4(:/ N:.,)(:=:T/1,+$53/N:.,4(:/B5+.+R5(,/?//)-:@>)2)=)3/.-+3/:.:Y1=:/. 53/1/.A,/:.=)3)A//1,()0)>)2:/A/0.:=)>)2:/A/>:12dD.,:=/A/2+)2(/R:/A/+=)1)3:/A+A .)C(+,5-)A/.)=:)>)2:/')>52/(-+..+,:0)-+3/1+*)-).R/,).N:.,4(:=).A+(/0(+=:.) /-),/(A.+251-)/:1R/.$
53/N:.,4(:/0()C>+3/,:T/-)(/-).)=:/>A0(+)=50/-/=)3/.3/.././1b1:3/.A .+5. 3)-). -+ ?:?+(A .+1,:( + 0+1./(' 3/ N:.,4(:/ =)3 +.,(5,5(/. +3 3)?:3+1,)A =)3 2(/1-+ Y1R/.+ 1) 351-) -/. =)1-:6`+. -+ ?:-/ 3/,+(:/>A +3C)(/ .+3 B5/>B5+( (+=)1N+=:3+1,) -/ -+,+(3:1^1=:/ -) +=)1b3:=) 1/ ,),/>:-/-+.)=:/>AW-:R+(+16/-/=)1=+068)3/(\:.,/-/N:.,4(:/'3/N:.,4(:/ 18)0(+)=50/-/=)3//0)>)2:/-+0(D1=:0+.)52+1+(/:.+3R+:,)..:125>/(+.A .+18)=)3/.)=:+-/-+2>)C/>A+=)3/(+=)1.,(568)-).R/,).+3.[(:+0/..D?+:. -+=)30(++1.8)++\0>:=/68)'
1,(+,/1,)A35:,).=(D,:=).?8).+:1.5(2:(=)1,(/).-+R+1.)(+.-/ :.,4(:/-/.+1,/>:-/-+.' 3/:.=)353+=)(().:?/-/.=(D,:=/.R)(35>/-/.[-+B5+/ :.,4(:/ -/. +1,/>:-/-+. ,)(1/ 35>,:R(/23+1,/-) ) .+5 )C*+,) -+ +.,5-)' .,) [A 9/ =N/3/-/ :.,4(:/ -/. +1,/>:-/-+. /C(:5.+ -+ ,/> 3)-) / )5,(). ./C+(+. + B5+.,:)1/3+1,). B5+A 1) >:3:,+A 0b. +3 (:.=) / 0(40(:/ >+2:,:3:-/-+ -/ -:.=:0>:1/;A
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1B5/1,) *)(1/>:.,/. + ()3/1=:.,/.A 1) .+5 0()=+..) -+ =(:/68)A .8) -+.=)30()3:../-). +3 (+>/68) W. R)1,+. + / =)>+,/ -+ 3/,+(:/> 18) (+.0+:,/ 53 0()=+-:3+1,) 3+,)-)>42:=)=:+1,DR:=)A ) N:.,)(:/-)( +>+?/ /) 0+-+.,/> 3/:. />,) /. (+R+(Y1=:/.N:.,4(:=/.A=)3).+/R+(:..+/).+5+.=(:,)W:-+1,:-/-+?+(-/-+:(/' +.3) /..:3A1//,5/>:-/-+A/.C:)2(/R:/.+.=(:,/.0)(N:.,)(:/-)(+.18).++.2),/3+3.:3+.3/.A 3/. .+(?+3 0/(/ (+?+>/( -:3+1.`+. -+ =+(,).0()C>+3/.-+ 0+.B5:./ 18) 0+(=+0,D?+:. /,(/?[.-++1R)B5+.3/=().=40:=).'
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`+.-+)3 5(+>:/1)/,).A+ /..:3A/1/>:./(3+>N)().-:?+(.)./.0+=,).-+.5/?:-/kh:1?+.,:2/1-).5/.+\0+(:Y1=:/. ?:?:-/.A1/=)1-:68)-+N)3+3A-+0/-(+A.+5.0()*+,).A?:,4(:/.+R(/=/..).B5+0)..)A-+ 53/3/1+:(/=5>,5(/>3+1,+3/:.(:=/A+1,+1-Y>)')3)/?/>:/:=N+>-++(,+/5A=/-/
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3 )5,() /.0+=,) 18) 3+1). :30)(,/1,+ -/ 0()-568) C:)2(@R:=/ 1/ N:.,)(:)2(/R://,5/>.+(://B5+.,8)[,:=/'a5/1,).A/)-+.+1?)>?+(53/C:)2(/R:/AR)(/3 =)1.:-+(/-). :1?/.)(+.-/ ?:-/ -+ .+5.0+(.)1/2+1.k ()C>+3/. B5+ (+0+(=5,:(/3 1). 3+:). -+ =)351:=/68) + =)>)=/(/3 +3 +?:-Y1=:/ ) 0()C>+3/ -) -:(+:,) -+ :3/2+3 0(+?:.,)1/)1.,:,5:68)A=)3)R):)=/.)-/.R:>N/.-)*)2/-)(/((:1=N/A+3(+>/68)W 05C>:=/68) -+ 5g /.,() -) >:?() .,(+>/ )>:,@(:/' J )(,/1,)A />[3 -+ B5/>:-/-+.
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=)1,(:C5:68)-/3+34(://0/(,:(-/N:.,4(:/)(/>0/(/0+.B5:./.+3?@(:/. @(+/.18)[R+1b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`+.+A=)1.+B5+1,+3+1,+A531)?))>N/( .)C(+))C*+,)-+0+.B5:./'
+>+ 9-+3)1.,(/ =)3) / +?:-Y1=:/ )(/> 0)-+ +\0)(A =)3 35:,) 3/:. =>/(+T/ -) B5+ -)=53+1,).A).3[,)-).-+,(/C/>N)-+532(/1-+:1)?/-)('; "
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`+.)R+(+=:-/..8)-+3/.:/-/3+1,+ ,[=1:=/. + ?+(./3 .)C(+ 1)(3/. 2+(/:.A W. ?+T+. 18) 0+(3:,:1-) 53/ >+:,5(/ -/. 0/(,:=5>/(:-/-+.:1.+(:-/.1/B5+>+0+(D)-)'
0()-568) -+ -+0):3+1,).A 5,:>:T/1-).+ / :.,4(:/ (/> =)3) 3+,)-)>)2:/[53=/3:1N)+\,(+3/3+1,+(:=)0/(/0)-+(-+.?+1-/(B5+.,`+.A/C(:(1)?/. 0()C>+3@,:=/.'/>+./>:+1,/(A=)1,5-)AB5+A-5(/1,+35:,),+30)A).N:.,)(:/-)(+.,:?+(/3 530(+=)1=+:,)35:,)2(/1-++3(+>/68)/)B5+.+=)1?+1=:)1)5=N/3/(-+:.,4(:/(/>' ,[3+.3)35:,)./-+0,).-/:.,4(:/ (/>A>:-/3=)3 +>/ =)3).+.+50/0+> R)..+ .)3+1,+=)>N+(-+0):3+1,).A?+1-)).=)3)(+.5>,/-)R:1/>-)..+5.,(/C/>N).'
/ 0(+.+1,+ 0+.B5:./A / N:.,4(:/ )(/> =)3) 3+,)-)>)2:/ 0)..:C:>:,/ 9+.,/C+>+=+(+)(-+1/(0()=+-:3+1,).-+,(/C/>N); QA/30>:/(A1)3+5=/.)A3:1N/.R)1,+.
-+0+.B5:./+3+:1-:=/(.)C(+=)3)-+?)0()=+-+(+,(/1.=(+?+().3/:.?/(:/-).,:0).-+ +1,(+?:.,/.+/(+=)1N+=+(/(+>/68)-+=/5./++R+:,)B5+=/-/53/-+>/.,+(@1)^3C:,)-/ 0+.B5:./'/.AN:.,4(:/)(/>18)=)1.:.,+.)3+1,++3+1,(+?:.,/(A2(/?/(+,(/1.=(+?+(). -+0):3+1,).S[0(+=:.)53(),+:()/(,:=5>/-)W.N:04,+.+.-)3+5,(/C/>N)'sN:.,4(:/)(/> .+0()-5T=)353/3+,)-)>)2:/0/(/0()-568)-+53/R)1,+'a5/1-).+(+/>:T/53/ +1,(+?:.,/A+.,/18)[/N:.,4(:/+>/C)(/-/A0()-5T:-/0+>).N:.,)(:/-)(+.A[/0+1/.53/ R)1,+ B5+ ?)=Y ?/: 5./( 0/(/ +-:R:=/( 53 =)1N+=:3+1,) N:.,4(:=) 0)>D,:=)A /1/>D,:=) + :1,+(0(+,/,:?)'
"A/5>' ?)T-)/../-)P:.,4(:/(/>'-'/T++((/A:)-+%/1+:()' U-'@2'HQ' Q A%/1/:1/+ A/(:+,/-+)(/+.(2'#'.).t/C5.).-/N:.,4(:/(/>'JU-':)-+
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:/1,+ -+.,/ 1)?/ 0+(.0+=,:?/ 3+,)-)>42:=/ -/ N:.,4(:/A / (+>/68) -). N)3+1. =)3 / 3+34(:/ .+ 3)-:R:=/' . :3/2+1. /1,+. 35-/.A /. ?)T+. =/>/-/.A /. >+3C(/16/.+).,+.,+351N).)(/:.2/1N/3^1:3)+R51-/3+1,/3)B5+=N/3/3).-+ :.,4(:/(/>'+53/:)(3[(:,)A.+251-)N)30.)1A+.,@+3=)1.)>:-/(/:-[:/-+B5+A 9B5+3-+>/.+5,:>:T/0/(/(+2:.,(/(/.+?:-Y1=:/.A,/3C[3.+=)1.=:+1,:T/-+B5+B5/>B5+( /,:?:-/-+ +.,@A :((+3+-:/?+>3+1,+A :1.+(:-/ 153 =)1,+\,) .)=:/>'; ! :.,4(:/ (/>
R>+\:C:>:T)5/.R)1,+.A35>,:0>:=)5).0)1,).-+?:.,/A0+(3:,:5(+2:.,().3/:.-+3)=(@,:=). +A0)(B5+18)A3/:.*5.,).A53/?+TB5+>:C+(//=)1?)=/68)-+-+0)+1,+.')3=+(,+T/A =)1,(:C5:=)353/=)1.,(568)N:.,4(:=/3/:.0(4\:3/0)..D?+>-/.?+(-/-+.N53/1/.'
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
)../0()0).,/1)0(+.+1,++.,5-)[C5.=/(=)30(++1-+(A35:,)3/:.-) B5+ +\0>:=/(' /(/ ,/1,) =)1.,(5D3). 1/((/,:?/. / 0/(,:( -). (+2:.,(). )(/:. -/. ?)T+.A 0(:1=:0/>3+1,+-+0/-(+.A/>51).+0()R+..)(+.'5.=/3).:1.0:(/68)1//(,+-/1/((/68)
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a5/1-).+0+-+1532(50)B5+/>25[31/((+/>253/=):./A)+3C/(/6).+2+1+(/>:T/'h =)3).++.,:?[..+3).0(:?/-).-+53/R/=5>-/-+B5+1).0/(+=:/.+25(/+:1/>:+1@?+>$/ R/=5>-/-+-+:1,+(=/3C:/(+\0+(:Y1=:/.';
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8))C.,/1,+A/N:.,4(:/)(/>.+(@/R)(3/-++?:-+1=:/(B5+1+3,5-)R): +.=(:,)AB5+1+3,5-)R):>+3C(/-)AB5++\:.,+.+30(+/>2)3/:.AB5+=)30>+3+1,/+-/( 3/:)(.+1,:-)/. =):./.A0(:1=:0/>3+1,+ .+ / 0+.B5:./.+ -+.+1()>/ .)C(+53 ,+3/ -/ N:.,4(://:1-/C+30(+.+1,+1/3+34(:/-/.0+..)/.')3+.3)3)-)A0)-+/=)1,+=+(B5+ /,(/?[.-/.+1,(+?:.,/.)B5++(/,:-)=)3)=+(,)+?+(-/-+:()0+>).-)=53+1,).A0)../ +1,(/(153 *)2) -+ -K?:-/ +O)5 1+2/68)'+3 -K?:-/ [ +..+ 0()=+..) B5+=)1.,(4:/ N:.,4(:/'
9)1,5-)A/N:.,4(:/)(/>P1)B5+,+3-+3+>N)(P+\:2+B5+(+=)1N+6/3).+ 1+2)=:+3). +..+. -:>+3/. + B5+ 0)1-+(+3). /. =)1.+BdY1=:/. 0+..)/:. + 0)>D,:=/.-/0+.B5:./N:.,4(:=/'/:.1+2)=:/6`+.0)-+3.+(-+./R:/1,+.+/,[
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/(/B5+/N:.,4(:/)(/>?+1N//=)1,(:C5:(.)C(+3)-)=)3/0+.B5:./A[ 1+=+..@(:))C*+,:?:-/-++=>/(+T/=)3/.0+(251,/.A+0(:1=:0/>3+1,+A53=)1N+=:3+1,) 0([?:).)C(+)+1,(+?:.,/-)A.5/=)1-:68)-+?:-/A.+51D?+>:1,+>+=,5/>A.5/:-/-+A+,='A 0(+..50).,). B5+ 0)-+3 /5\:>:/( ) +1,(+?:.,/-)( + R/=:>:,/( ) +12/*/3+1,) -+ B5+3 0+(251,/+-+B5+3(+.0)1-+'>:3+N)30.)1=)1=>5+3B5+[R51-/3+1,/>,+(+33+1,+ +.,/.-:R+(+1,+.-:3+1.`+.=)1=+:,5/:.+=5>,5(/:.-/.+1,(+?:.,/.+-/:1R)(3/68)N:.,4(:=/$
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. N:.,)(:/-)(+. )(/:. -+?+3 5,:>:T/( +.,(/,[2:/. +3 .5/. +1,(+?:.,/.' )1N+=+(),+((+1))1-++.,8)0:./1-)A:..)R/?)(+=+(@)-+.+30+1N)/>3+*/-)+(+.5>,/(@ 153+1,+1-:3+1,)-+3+>N)(B5/>:-/-+'h,/3C[3-+2(/1-+:30)(,^1=://0(+0/(/68)-/. 0+(251,/.A =)1?+(./( 53 0)5=) =)3 ) +1,(+?:.,/-) /1,+. -). B5+.,:)1/3+1,).A / 1+=+..:-/-+-+R/T+(53/>:2/68)+1,(++>++),+3/-/0+.B5:./0)-+-+3/1-/(/>253 ,+30)+[1+=+..@(:)-:.=:0>:1/+0/=:Y1=:/'s.?+T+.A)5?:(+R/T+(0+(251,/./C+(,/.[) 3+>N)(:1D=:)-+53/C)/+1,(+?:.,/'+30(+18)+.B5+=+(B5+/0(+.+16/-)2(/?/-)( -+?+.+(3:1:3:T/-/A+?:,/1-)=)3:..))0()C>+3/-/,:3:-+T'1R:3A)+1,(+?:.,/-)( 0(+=:./ +.,/( =)1.,/1,+3+1,+ />+(,/ 0/(/ 0+(=+C+( B5/> / C)/ 0(@,:=/ -+ +1,(+?:.,/ +3 =5>,5(/.+=:(=51.,^1=:/.0/(,:=5>/(+.'
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/>2533),:?)18),Y353/N:.,4(:/=)1,/-/';IJ :/1,+-)+\0).,)A[-+,+(3:1/1,+R(:./(
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9'''#/B5+.,8)[)B5+)(+>/=:)1/3+1,)+1,(+/.R)1,+.+.=(:,/.+)(/:.18)[ /B5+>/-/0(:3/P-)1/+-+.5/.5C.,:,5,/1/40+(/$B5/1-)/+.,(+>/18)0)-+ =/1,/(A/0/(+=+/.5C.,:,5,/$B5/1,)/+.=(:,/R/>N/A/,(/-:68).)C+/)0/>=)A:.,) +.,@+((/-)' .R)1,+.)(/:.=)((:2+3/.)5,(/.0+(.0+,:?/.A/..:3=)3)/.)5,(/. 0+(.0+=,:?/./.=)((:2+3';I"
+.,/0+.B5:./18)N@)0()04.:,)-+(+.,(:12:(/.-:.=5..`+.,+4(:=/.W 0+(251,/.)C(+)?/>)(-+.,/)5-/B5+>/3+,)-)>)2:/1),(/C/>N)-+0+.B5:./A3/.-+ =)1.,(5:(/,(/?[.-+53/?:.8)3/:./30>/-))C*+,)-+0+.B5:./A53+1R)B5+=/0/T-+ =)1,(:C5:(0/(///30>:/68)-).+.,5-).-+-:=/-).WN:.,4(:/-/+-5=/68)A+.0+=:/>3+1,+A B5/1-)).-)=53+1,).)R:=:/:.18)=)1.+25+35>,(/0/../().>:3:,+.-/+.,(5,5(/0)>D,:=/A /-3:1:.,(/,:?/++0:.=)0/>?:2+1,+'+.,+=/.)A=)3?:.,/./53/=)30(++1.8)3/:./30>/ -) R+1b3+1) +-5=/,:?)A / 0/(,:( -) (+=)1N+=:3+1,) /=+(=/ -/ :30)(,^1=:/ -/ .5C*+,:?:-/-+A 0()0)1-) 53/ )068) -+ 3)-+>) :1,+(0(+,/,:?) -/ (+/>:-/-+ B5+ 0)../ +.,/C+>+=+(1)?).0/(^3+,().-+.+,(/C/>N/(N:.,4(:/'
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+-5=/68)1)+/(@AR)=/>:T/1-))./=)1,+=:3+1,)..)C/4,:=/-+53/3:=()N:.,4(:/IQA
-+1,()-+53=)1,+\,)3/:./30>)A=)1,(:C5:1-)0/(/+>5=:-/(R/,).0)5=)0+.B5:./-).)5 /:1-/ 0)( (+2:.,(/(' ..:3A ) 0/>=) )5 3+>N)( -:T+1-)A ) +.0/6) -+.,/ 0+.B5:./ [ ) 351:=D0:)-+:3)+:()-))(,+A>)=/>:T/-)1)/>+-)%/25/(:C+A0(+=:./3+1,+1)/:\) %/25/(:C+1).,/-)-)+/(@A-+1,()-+53/-:1^3:=/N:.,4(:=/A0)>D,:=/A.)=:/>+=5>,5(/> B5+ .+ -+.+1()>)5A / 0/(,:( -/ =)1=+068) -+ 53 0()*+,) -+ +-5=/68)A 3/(=/-) 0+>/ 0/(,:=:0/68)0)>D,:=/++-5=/=:)1/>-/2(+*/'
+1-)/..:3A(+.)>?:,(/C/>N/(/0/(,:(-+53/0+(.0+=,:?/-+N:.,4(:/>)=/>A ./C+1-)B5+A=)3))C.+(?)5N)30.)1A90)(3+:)-/N:.,4(:/>)=/>A53//>-+:/)553/ =:-/-+C5.=/.+1,:-)0/(/.5/0(40(:/1/,5(+T/+335-/16/A+).1)?).3)(/-)(+.?:1-). -+R)(/0)-+3/-B5:(:(53/0+(=+068)-/.(/DT+.0+>)=)1N+=:3+1,)0+..)/>-/N:.,4(:/';I!
R)=)-/3:1N/0+.B5:./[/=(:/68)-/-:)=+.+1)/>+-)%/25/(:C+A3/:.0(+=:./3+1,+ /=:-/-+-+:3)+:()-))(,+A(+2:8)0)5=)=)1N+=:-/1+..+:3+1.),+((:,4(:)C(/.:>+:()A 3/.A B5+ =)3) 0)5=/.A R): 0/>=) -+ 53/ +\0+(:Y1=:/ -+ 2(/1-+ :30)(,^1=:/A ) -+.+1?)>?:3+1,) -+ 53 0()*+,) +-5=/=:)1/>A :305>.:)1/-) 0+>/ 2(+*/ /,4>:=/A B5+ /,(/?[. -+../ /68)A ,)(1)5 +.,/ =:-/-+A (+R+(Y1=:/ +3 +-5=/68) +3 ,)-/ / (+2:8) */25/(:C/1/'
../ +\0+(:Y1=:/ R): 3/(=/1,+ 0/(/ / N:.,4(:/ -/ (+2:8)A 0)(B5+ -+>/ 0/(,:=:0/(/3 >+:2).A (+>:2:.)./.A 0/-(+.A +>:,+ >)=/> + (+2:)1/> + 0+..)/. =)351. B5+ 2/1N/(/3/-:3+1.8)-+.5*+:,).-/N:.,4(:/0/(,:=:0/1-)-+530()*+,):1.,:,5D-)153/ =:-/-+-):1,+(:)(A0+>/2(+*/>)=/>A=N+R:/-/0+>)C:.0)-:)=+./1))3 5(+>:/1)/,).A B5++\+(=:/2(/1-+:1R>5Y1=:/1).3+:).0)>D,:=).+1/.)=:+-/-+1)^3C:,)(+2:)1/>'h ,/3C[31)../0(+)=50/68):1,+2(/(0+(.0+,:?/.>)=/:.A0(40(:/.-/3:=()N:.,4(:/A=)3
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)C.+(?/68)A+353//1@>:.+3:=().=40:=/+53+.,5-):1,+1.:?)-)3/,+(:/>-)=53+1,/>'../-+R:1:68)*@ .5.=:,//3C:2d:-/-+.$18)[.:30>+.3+1,+53/B5+.,8)-+=N/3/(//,+168)0/(//.=/5./.+).+R+:,).-) R/,)A -+ -:3+1.`+. -:R+(+1,+. =)+\:.,:(+3 +3 =/-/ .:.,+3/ .)=:/>S +3 )5,(/. 0/>/?(/.A ) 0()C>+3/ -+ -+.=(+?+( ?/.,/. +.,(5,5(/. .)=:/:. =)30>+\/.A .+3 0+(-+( / ?:.8) -/ +.=/>/ -) +.0/6) .)=:/> -+ =/-/ :1-:?D-5)A+/0/(,:(-/DA-)0)?)+-+.5/.:,5/68)1/?:-/';A:)?/11:')C(+/3:=()N:.,4(:/'1'$ j'+,+()(2'#' +.=(:,/-/N:.,4(:/$1)?/.0+(.0+=,:?/.'8)/5>)$AG'0' "'
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0+(.0+,:?/.3/:./30>/.A153=+1@(:)+.,/-5/>A1/=:)1/>+:1,+(1/=:)1/>A0()=5(/1-)+>).A (+>/6`+.++\0>:=/6`+.+1,(+-:3+1.`+.-:?+(./.-/N:.,4(:/'8)+.B5+=+1-)B5++.,/[/ N:.,4(:/ -+ 35:,).A -+ 0+..)/. B5+ +1,+1-:/3 ) 3)3+1,) B5+ ?:?:/3 + / -:3+1.8) N:.,4(:=/ -) 0()*+,) B5+ ?:./?/ >+?/( / +-5=/68) =)3) R51-/3+1,) 3/:)( 0/(/ ) -+.+1?)>?:3+1,)-/(+2:8)'
..:3A0/(//,:12:())C*+,:?)2+(/>-+.,/0+.B5:./A)-+(+=)30)(+/1/>:./( /N:.,4(:/-/=(:/68)-/-:)=+.+-)/>+-)%/25/(:C++//68)+-5=/=:)1/>-+.+50(:3+:() :.0))3 5(+>:/1)/,).A+3:3)+:()-))(,+AR:T530+(=5(.)1/N:.,4(:/-/2(+*/ /,4>:=/ 1) +/(@A 1),/-/3+1,+ / 0/(,:( -/ -3:1:.,(/68) -+ )3 /15+> -/ :>?/ )3+.A0(:3+:()/(=+C:.0)-)+/(@+).+50()*+,)-+-+.=+1,(/>:T/68)+.0/=:/>A=)3/ =(:/68)-+-:)=+.+.+3(/,)A)C(/>+:3)+:()-))(,+'+.,/0+(.0+=,:?/AC5.B5+: ,(/C/>N/( =)3 53/ >:,+(/,5(/ N:.,)(:)2(@R:=/ -+ ,+)( >)=/>A +3 +.0+=:/>A ). +.,5-). -+ %).Y1:) /3+>) /(+1,+A 05C>:=/-). +3 + GHHHA 0)( =)1.:-+(/( ) /5,)( 53 )C.+(?/-)(/,+1,)W.-:(+,(:T+.-/2(+*//,4>:=/1)+/(@+.5/(+>/68)=)3/0)>D,:=/ +.,/-5/>'
0+..)/.3/:.0(4\:3/.-+)3 5(+>:/1)/,).+0(:3+:():(+,)(-/ A+A=)3 ),+(=+:()C:.0))3)30+5+T+((/+../A/>[3A-+/1/>:./()0)-+(-/2(+*//,4>:=/ +3:3)+:()-))(,+A/1,+.+-+0):.-+)3 5(+>:/1)/,).'
3R/,)3/(=/1,+1+.,/0+.B5:./+:1-:.0+1.@?+>0/(/B5+,:?+..+:305>.) R):/-+.=)C+(,/1/+=(+,/(:/+(/>-)C:.0/-)-+-)=53+1,).+.=(:,).0)()3 5(+>:/1) /,).A=)3)[)=/.)-/./(,/./.,)(/:.+=)((+.0)1-Y1=:/.=)3)5,().C:.0).A0/-(+.+ 0)>D,:=).-).,/-)'30)(,/1,+[-+.,/=/(,/3C[3A/C)/?)1,/-+-/B5+>+.B5+R)(/3 +1,(+?:.,/-).+=)1,(:C5:(/3A+1)(3+3+1,+0/(/B5+05-[..+3).,+(53/3/:)(=>/(+T/ -).R/,).B5+)(/(+?:.:,/3).'
1,+.-+0()..+25:(3).A-5/./-?+(,Y1=:/..+R/T+31+=+..@(:/.$/#/>25[3 0)-+(://=N/(B5+.+,(/,//B5:-+=)1,(:C5:(0/(//R)(3/68)-+533:,)+3,)(1)-/ R:25(/-+)3 5(+>:/1)/,).A)B5+18)[/3:1N/:1,+168)' )=)1,(@(:)-:..)A)B5+ .+,+1,/(@),+30),)-)[/C)(-/().5*+:,)1/.5/-:3+1.8)N:.,4(:=/SC#+../C5.=/0+>) N)3+3N:.,4(:=)A+18)0+>)3:,)A18)0)-+A1)+1,/1,)A.50(:3:()5)R5.=/().R/,).B5+ .8),8):1.:.,+1,+3+1,+1/((/-).A1).B5/:.+.,@.+30(+0(+.+1,++-/Y1R/.+/)=/(@,+( +\=+0=:)1/> -/B5+>+ 0(),/2)1:.,/' h .)C(+ +../. +?:-Y1=:/. B5+ 1). -+C(56/(+3). 1/ 0+.B5:./C:)2(@R:=/-)0(:3+:()C:.0)-+:3)+:()-))(,+A=)1.:-+(/1-)/C:)2(/R:/ R)1,+-+0+.B5:./B5+0)-+(@0+(3:,:(=)30(++1-+()/>=/1=+N53/1)-+530)1,)-+ ?:.,/A3+-:/-)0+>/.:30).:6`+.+0)..:C:>:-/-+.-+.+50)-+(+=>+.:@.,:=)'
3 )5,() 0)1,) -+,+(3:1/1,+ + 0(:?:>+2:/-) 1/ 0+.B5:./ [ (+>/=:)1/( + -:.=5,:( -+1,() -/ N:.,)(:)2(/R:/ =)1.5>,/-/A /. ,+)(:/. B5+ -/(8) .50)(,+ / +..+ +30(++1-:3+1,)AC+3=)3)/1/>:./(=/,+2)(:/.B5+0)../3+1(:B5+=+())C*+,)+3+.,5-)' (/,/.+-+53+.,5-)-/:1.,:,5:68)(+>:2:)./+3R)=)A1)=/.)/2(+*//,4>:=/A/0/(,:(-+ .5/ /68) 1/ :)=+.+ +3 :3)+:() -) )(,+A ,+1-) 0)( C/.+ 53/ :1,+(0(+,/68) 18) -+.,:,5D-/-+.+1.)=(D,:=)A+3B5+0()=5(+:/1/>:./(,/3C[3A/.=)((+>/6`+.+1,(+2(+*/+ .,/-)A.)=:+-/-++0)>D,:=/AC5.=/1-)533+>N)(+1,+1-:3+1,)-+../(+/>:-/-+'
+1,+1-+(=)3).+-+.+1?)>?+5/+.,(5,5(/+-5=/=:)1/>-/2(+*/A.+30(+0/(/>+>//-) .,/-)+AC5.=/1-)+.=>/(+=+(-+)1-+0()?:/3).(+=5(.).1+=+..@(:).0/(//=)1.,(568)+ 3/15,+168)-+../3+.3/+.,(5,5(/'
)(,/1,)A/,(/*+,4(:/B5+C5.B5+:1+.,/0+.B5:./=)1.:-+(/)3 5(+>:/1) /,).A+)..+5.=)1,+30)(^1+).0/-(+.A(+>:2:)./.+0+..)/.=)351.A=)3).5*+:,).-/ N:.,4(:/+=)>)=/+30/5,/B5+.,`+.(+>/,:?/.W3:=()N:.,4(:/AN:.,4(:/+.=(:,/AN:.,4(:/)(/>A C:)2(/R:/+N:.,4(:/-+?:-/'/>+-+.,/=/(B5+)0+(D)-)+1R)=/-)+1?)>?+53,+30)/:1-/ 35:,)(+=+1,+ !P"!#+0(+.+1,+1/3+34(:/-/.0+..)/.B5+?:?+(/3+/:1-/ ?:?+31/B5+>/(+2:8)' (+.0+:,)-:..)AN/(,:+(0(+=)1:T/B5+9'''#/0+B5+1/-:.,^1=:/ ,+30)(/>A/):1?[.-+53:1=)1?+1:+1,+A0)-+.+(53:1.,(53+1,)-+/5\D>:):30)(,/1,+ 0/(/ 53 3+>N)( +1,+1-:3+1,) -/ (+/>:-/-+ +.,5-/-/A -+ 3/1+:(/ / .50+(/( / -+.=)1,:15:-/-+R51-/3+1,/>B5+)(-:1/(:/3+1,+.+0/(/):1.,(53+1,/>:1,+>+=,5/>A/R+,:?)
+0.DB5:=)-)N:.,)(:/-)(+/B5+>+.B5+R/T+3/N:.,4(:/';I /(/(:=)C.C/l3A 9'''#
B5/1-)+.=(+?+3)..)C(+)1)..)0(40(:),+30)[:1+?:,@?+>B5+/+\0+(:Y1=:/0+..)/> -+..+.,+30).3)-+>+3/3/1+:(/=)3)).?+3).A+/,[/3/1+:(/=)3)/?/>:/3)./ +?:-Y1=:/WB5/>14.A18))C.,/1,+1)../.)0:1:`+.-+?+3).(+=)((+(+/0(+.+1,/(';JH
h +?:-+1,+ ,/3C[3A B5+A 3+.3) +3 .+ ,(/,/1-) -+ B5+.,`+. =)1,+30)(^1+/.A+.,/..5.=:,+30()C>+3/.N:.,4(:=).B5+0(+=:./3.+(0+.B5:./-).A.+3 >:3:,/(.+/0+1/./).R/,).3/:.0(4\:3).)5=)1,+30)(^1+)./)N:.,)(:/-)('h0(+=:.) C5.=/(?+.,D2:)./.+(+3A0)(+\+30>)A/=(+.=+1,/-).W3+34(:/-+-+0)+1,+.A(+2:.,().-+ /=)1,+=:3+1,).0)(+>+.1/((/-).A+R/T+((+>/6`+.A+1=)1,(/(>/6).+=)30/(,:>N/3+1,). B5+/5\:>:+31)-+.+1?)>?:3+1,)-/0+.B5:./+1/=)1.,(568)-/3+34(:/'h1)?/3+1,+ N/(,:+(AB5/1-)/1/>:.//N:.,4(:/-),+30)0(+.+1,+AB5+=)1.:-+(/
'''#+../N:.,4(:/:1?+1,)5532(/1-+,+3/A/2)(/=)30/(,:>N/-)0)(,)-).). N:.,)(:/-)(+.A.+*/B5/>R)()0+(D)-)-+.5/0(+-:>+68)$)+.,5-)-/0(+.+16/ :1=)(0)(/-/-)0/../-)1)0(+.+1,+-/..)=:+-/-+.+A>)2)A1/=)1R:25(/68) .)=:/> -/. =>/..+.A -). 2(50). + -/. =)351:-/-+. B5+ /. =)1.,:,5+3' . 153+().). ,(/C/>N). -+-:=/-). W. 3)-/>:-/-+. -+ =)1.,(568)A -+ :1.,:,5=:)1/>:T/68)+-++\0(+..8)-/A)53+>N)(A-/.3+34(:/.=)1,+30)(^1+/. R)(/3-+=:.:?).0/(/):1D=:)-+1)?/.0+.B5:./.B5+A+3,)-).).0+(D)-).
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N:.,4(:=).A ,+1,/3 :-+1,:R:=/(A />[3 -) 3+() -:.=5(.) N:.,4(:=)A /. R)(3/. 3K>,:0>/. + 0)..:?+>3+1,+ =)1R>:,/1,+. -+ (+3+3)(/68) + 5,:>:T/68) -) 0/../-)'J
+*)A0)(,/1,)AB5+/3:1N/0+.B5:./18)=/(+=+-+R)1,+.A0):.)B5+18) R/>,)5R)(/3-)=53+1,).A:3/2+1.A+\0+(:Y1=:/.A(+0(+.+1,/6`+.3+1,/:.+>+:,5(/.-+53/ (+/>:-/-+ 0(4\:3/' +251-) )C.C/l3A 9) 0()C>+3/ R51-/3+1,/> 0/(/ ) N:.,)(:/-)( =)1,+30)(^1+)+31)..),+30):1R:1:,/3+1,+C5()=(/,:T/-)A-)=53+1,/-)+:1B5:(:-)([ 3/:.53+\=+..):1=)1,()>@?+>-+R)1,+.0(:3@(:/.-)B5+53/+.=/..+T-/.3+.3/.''''#
1/-+B5/68)-+R)1,+.[/K>,:3/=):./-+B5+0)-+3).1).B5+:\/(';JG
(2/1:T+: / ,+.+ +3 ,(Y. =/0D,5>).' ) 0(:3+:()A ,(/,+: -+ (+=)30)( / C:)2(/R:/-+)3 5(+>:/1)/,).A.5/,(/*+,4(:/-+?:-/A/0/(,:(-).+51/.=:3+1,)+3 ,/0/2[A1)+/(@A)./1).-+:1R^1=:/+*5?+1,5-+A/-+.=)C+(,/-/?)=/68)./=+(-),/>' +5.+.,5-).1)+3:1@(:)-/(/:1N/A.5//3:T/-+=)3)3/15+>-/:>?/)3+.A +.,(/,+2:.,/0)>D,:=)A0)1,)-+:((/-:/68)-).?/>)(+.=)1.+(?/-)(+.-/2(+*/'>+.+(@ C:.0)0+>/.38).-+)3/15+>+R/(@0/(,+-+53/+B5:0+-+/-3:1:.,(/-)(+.-//>,/ =K05>/-/2(+*/1)+/(@A+1,(++>+.)3a5:1,:1))-(:25+.-+>:?+:(/+:>?/A-/ -:)=+.+-)(/,)A)3%).[50:1/3C@-/(),/+3)C(/>A+A+>+0(40(:)WR(+1,+-/+1,8) (+=[3=(:/-/-:)=+.+-)/>+-)%/25/(:C+'
5/ /-3:1:.,(/68) -:)=+./1/A / (+/>:-/-+ -) 351-) B5+ ) =+(=/?/' :1R>5Y1=:/-)>:C+(/>:.3)A0(+=)1:T/-)0+>)(/=:)1/>:.3)A-:.=5..8)0(+.+1,+1/1=D=>:=/
+(53)?/(53J -++8)cA)1-+/2(+*//,4>:=//..53:/53/0).,5(/+3-+R+./-+
53/3+>N)(=)1-:68).)=:/>N53/1/A0(:1=:0/>3+1,+-).)0+(@(:).A)1-++.,/=)1-:68) 0)-+(:/+\:.,:(A-+1,()-+53351-)=(:.,8)+A+3=)1,(/0).:68)/:-+)>)2:/=)351:.,/'
2(+*/A,/3C[3AB5+A,/3C[3A1+.,/[0)=/AR51-/3+1,/?/=/-/?+T3/:. 53/0)>D,:=/=+1,(/>:T/-)(/-+.5/.-+=:.`+.1//1,/[A0()=+..)B5+.+-+.+1=/-+/?/ 0+>/ 1+=+..:-/-+ -+ .+ +.,/C+>+=+(A .+251-) )3/A 53/ 1)?/ R)(3/ -+ /,5/68) -). =(:.,8).A/30>:/1-).5/:1R>5Y1=:/.)C(+/.-:R+(+1,+.+.R+(/.-/.)=:+-/-+'5//,5/68)1)
J ')2+('0':,'A0'G"' JG uA(:='0':,'A0'GJI'
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