ࡱ > ' R
T
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
x
j , l z j ] > [ bjbj > ΐ ΐ % r 8 * t I 2 " f * * * 8I :I :I :I :I :I :I $ L N R ^I E , G* * , , ^I f
I 9 9 9 , L f 8I 9 , 8I 9 9 r C T @ D f @A,B, 4 n XC $I I 0 I fC N 37 N D D N D * 0 /+ " 9 Q+ m+ * * * ^I ^I 9 * * * I , , , , N * * * * * * * * * ( : 0 ?@020E @C:>?8A8 =B>= !5@35528G -" '! -$$" ! !/% +% - '!% " ! ! "" 0 2 . 0 0 . 0 4 - D878G5A:0O E8@5D5@0B 48AA5@B0F88 =0 A>8A:0=85 CG5=>9 AB5?5=8 :0=4840B0 E82> 2 0 0 7 01>B0 2K?>;=5=0 2 =AB8BCB5 E8@>2 0CG=K9 @C:>2>48B5;L 4>:B>@ E8B@C4=8: $ ;5:A0=4@ 8:B>@>28G D8F80;L=K5 >??>=5=BK: >:B>@ E8D5AA>@ ! 8:>;09 5B@>28G 0=4840B E8B@C4=8: $ 8E08; .@L528G 54CI0O >@30=870F8O =AB8BCB ?@8:;04=>9 AB>8BAO 2 5 45:01@O 2 0 0 7 3. 2 1 3 G0A>2 =0 70A540=88 48AA5@B0F8>==>3> A>25B0 0 0 2 . 1 0 6 . 0 1 , =AB8BCB E8@>2 , 1 5 3 0 4 5 , 3. 20=>2>, C;. :045<8G5A:0O, 4. 1 . ! 48AA5@B0F859 6=> >7=0:>B5:5 =AB8BCB0 E8@>2 2B>@5D5@0B @07>A;0= _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2 0 0 7 3. #G5=K9 A5:@5B0@L 48AA5@B0F8>==>3> A>25B0 >20 ". . )/ % " !" "+ :BC0;L=>ABL B5@5>;>38G5A:89 MDD5:B ?@54AB02;O5B A>1>9 1KAB@>5 >1@0B85 87AB8 48A?5@A89 ?>@>H:>2 @07=>>1@07=KE 2 2 48M;5:B@8G5A:8E 684:>ABOE ?@8 =0;>65=88 2=5H=8E M;5:B@8G5A:8E ?>;59. ;03>40@O 3>>15I0NI8< ?5@A?5:B8203> ?@8>1@07=KE M;5:B@>C?@02;O59AB20E 45AB=KE <CDB0E AF5?;5=8O 8 38E 4@C38E, M;5:B@>@5>;>38G5A:89 MDD5:B 8=B5=A82=> 8AA;54C5BAO. <5AB5 A B5@5>;>38G5A:>3> >B:;8:0, 4>AB83=CBK5 4;O 1>;LH8=AB20 M;5:B@>@5>;>38G5A:8E 684:>AB59, A45@6820NB 2=54@5=85 CAB@>9AB2 =0 53> >A=>25 2 ?@0:B8:C. >?KB:8 C25;8G5=8O M;5:B@>@5>;>38G5A:>3> >B:;8:0 254CBAO ?> @07;8G=K< =0?@02;5=8O<, A2O70==K< :0: A ?@8<5=5=852KE, @0=55 =5 87CG5==KE :>=5=B>2 48A?5@A=KE D07, B0:8E, :0: DC;;5@5=K, 2KA>:>B52>4=8:8, DB0;>F80=8=K, B0: 8 A 22545=85@>2 ?>25@E=>AB=> 0:B82=KE 25I5AB2, 2>4K, A?8@B>2, ?>;82, 4>?8@>20=85=5=B>2 48A?5@A=>9 D07K @54:>75<5;L=K<8 M;5<5=B0<8, ?@8<5=5=85< 381@84=KE 2. "5>@5B8G5A:>5 8AB>;:>20=85 M;5:B@>@5>;>38G5A:>3> MDD5:B0 B0:65 70B@C4=5=> 2A;54AB285 53> 7028A8AB8 >B 38E D0:B>@>2, B0:8E :0: ?@8@>40 48A?5@A=>9 D07K 8 48A?5@A8>==>9 A@54K, B8? 0:B820B>@0, :>=F5=B@0F88 MB8E :>=5=B>2, =0?@O65==>AB8 ?@8;>65==>3> M;5:B@8G5A:>3> ?>;O, =0?@02;5=8O 8 A:>@>AB8 ?@8;>65==KE 45D>@==KE CA8;89. 4=8740=8O 2KA>:>MDD5:B82=KE M;5:B@>@5>;>38G5A:8E 684:>AB59 O2;O5BAO 8A?>;L7>20=85 2 :0G5AB25 48A?5@A=KE D07 381@84=KE >@30=>- =5>@30=8G5A:8E 2. 01>B0 2K?>;=5=0 2 A>>B25BAB288 A ?;0=> B5=0;L=K5 =0=>A=>25 =5>@30=8G5A:8E >:A84>2 8 ?>;8A0E0@84>2 4;O M;5:B@>@5>;>388 . >AC40@AB25==>9 @538AB@0F88 0 1 . 2 . 0 0 6 0 7 0 1 8 , ?@8 G0AB8G=>9 ?>445@6:5 3@0=B>BK 2KO2;5=85 70:>=>AB59 M;5:B@>@5>;>38G5A:>9 0:B82=>AB8 381@84=KE >@30=>- =5>@30=8G5A:8E =0=>2 =0 >A=>25 48>:A840 B8B0=0 2 7028A8AB8 >B B8?0 >@30=8G5A:>3> :>=5=B0, 2AB@>5==>3> 2 AB865=85 ?>AB02;5==>9 F5;8 ?@54CA20BL 8 >E0@0:B5@87>20BL 40- E83> 0=0;870 =0=>@07@30=>- =5>@30=8G5A:85 A=>25 48>:A840 B8B0=0, 384@>:A8?@>?8;F5;;N;>7K 8 ?>;8?@>?8;5=3;8:>;O 2 :0G5AB25 :>=5=B>2 48A?5@A=KE D07 M;5:B@>@5>;>38G5A:>9 684:>AB8 M:A?5@8 87CG8BL 25;8G8=C M;5:B@>@5>;>38G5A:>3> >B:;8:0 M;5:B@>@5>;>38G5A:8E 684:>AB59 2 M;5:B@8G5A:8E ?>;OE ?@8 @07;8G=KE A:>@>ABOE A42830 8 =0?@O65==>ABOE M;5:B@8G5A:>3> ?>;O ?@>25AB8 A>?>AB028B5;L=K9 0=0;87 2;8O=8O ?@8@>4K :>=5=B>2 48A?5@A=>9 D07K 8 48A?5@A8>==>9 A@54K =0 25;8G8=C M;5:B@>@5>;>38G5A:>3> MDD5:B0. 0CG=0O =>287=0 @01>BK ?5@2K5 ?>;CG5= 8 >E0@0:B5@87>20= D878:>- E8<8G5A:8<8 40@5>;>38G5A:8 0:B82=K9 381@84=K9 >@30=>- =5>@30=8G5A:89 =0=>:A84 B8B0=0 ?>;8?@>?8;5=3;8:>;L. KO2;5=K 70:>=>AB8 2 M;5:B@>@5>;>38G5A:8E E0@0:B5@8AB8:0E =0?@O65=88 A42830, 2O7:>AB8, =0?@O65=88 ?@8 @0ABO65=88 8 A60B88 M;5:B@>@5>;>38G5A:8E 684:>AB59, ?@545;5 B5:CG5AB8 8 18=302A:>9 2O7:>AB8 - 2 7028A8AB8 >B B8?0 48A?5@A=>9 D07K- 48>:A840 B8B0=0 8 381@84=KE >@30=>- =5>@30=8G5A:8E =0=>:>78B>2 48>:A84 B8B0=0- 384@>:A8?@>?8;F5;;N;>70, 48>:A84 B8B0=0- ?>;8?@>?8;5=3;8:>;L 8 48A?5@A8>==>9 A@54K ( !2 0 8 !3 0 0 ) ?@8 @07;8G=KE =0?@O65==>ABOE M;5:B@8G5A:>3> ?>;O ( 0 - 6 :/ <@>ABOE =03@C65=8O A8AB52;5=>, GB> M;5:B@>@5>;>38G5A:85 684:>AB8 =0 >A=>25 381@84=KE =0=>:>78B>2 >1;040NB 1>;55 2KA>:8<8 E0@0:B5@8AB8:0@5>;>38G5A:>3> >B:;8:0 ?> A@02=5=8N A 48>:A84>20==K;L- 35;L A?>A>1>2;5=0 ;8=59=0O 7028A8ABL =0?@O65=8O A42830 >B ?@>2>48AB8 - 2 4=>@5 2 M;5:B@8G5A:8E ?>;OE A @07;8G=>9 =0?@O65==>ABLN. >:070=>, GB> =01;N405B A:>@>AB8 A42830 8 >1JOA=5= =0 >A=>25 <5E0=87B5:0=8O, A2O70==>3> A D>@20=85< 8 @07@CH5=852>4OI8E F5?>G5: 87 48A?5@A=KE D07 2 A8AB5<0E. @0:B8G5A:0O 7=0G8ABL @57C;LB0B>2 @01>BK A>AB>8B 2 B>: - @07@01>B0=K A>AB02K M;5:B@>@5>;>38G5A:8E 684:>AB59 =0 >A=>25 381@84=KE >@30=>- =5>@30=8G5A:8E =0=>:>78B>2, @50;87CNI85 2KA>:85 ?0@0;55 3 : 0) 8 @0ABO65=8O- A60B8O ( 1>;55 5 0 : 0 2 707>@5 1 <AB8 M;5:B@8G5A:>3> ?>;O 4 :/ < ?>72>;O5B @5:>20BL 8E 4;O ?@0:B8G5A:>3> 8A?>;L7>20=8O 2 M;5:B@>@5>;>38G5A:8E CAB@>9AB20E. - @07@01>B0=K 48:8 7>;L- 35;L A8=B570 =0=>:>78B>2 48>:A84 B8B0=0- 384@>:A8?@>?8;F5;;N;>70, 48>:A84 B8B0=0- ?>;8?@>?8;5=3;8:>;L. - @07@01>B0=K :>=AB@C:F88 M;5:B@>@5>28A:>782 =0 1075 ?@>1@07F>2 @5>2, A:>=AB@C8@>20=0 CAB0=>2:0 4;O B5AB8@>20=8O 9AB2 M;5:B@>@5>;>38G5A:8E 684:>AB59 ?@8 @0ABO65=88 8 A60B88 2 M;5:B@8G5A:8E ?>;OE. 8G=K9 2:;04 02B>@0 !8=B57 2, 0=0;87 8E D878:>- E89AB2 8 M;5:B@>@5>;>38G5A:85 87;=5=K =5?>A@54AB25==> 02B>@>2 ?@>2545=> 02B>@>3> @C:>2>48B5;O 8 A>02B>@>2 ?C1;8:0F89. ?@>10F8O @01>BK >A=>2=K5 ?>;>65=8O @01>BK 4>:;04K20;8AL: =0 I 2A5@>AA89A:>9 H:>;5- :>=D5@5=F88 " >;>4K5 CG5=K5 =>2>9 >AA88. $C=4020=8O 2 >1;0AB8 E820F8>==0O 45OB5;L=>ABL" . 20=>2>, 2 0 0 5 , I V 4=>9 =0CG=>9 :>=D5@5=F88 " 8=5B8:0 8 <5E0=87:@8AB0;;870F88, 18>:@8AB0;;870F88. " 20=>2>, 2 0 0 6 , I @538>=0;L=>9 :>=D5@5=F88 ;>4KE CG5=KE " "5>@5B8G5A:0O 8 M:A?5@8<5=B0;L=0O E8D07=KE A8AB52A:85 GB5=8O) " . 20=>2>, 2 0 0 6 . C1;8:0F88 > B5?C1;8:>20=> 2 AB0BL8 8 B578AK4 4>:;04>2. !B@C:BC@0 @01>BK: 48AA5@B0F8>==0O @01>B0 A>AB>8B 87 22545=8O, ;8B5@0BC@=>3> >17>@0, M:A?5@89 G0AB8, >1AC645=8O @57C;LB0B>2, 8B>3>2 @01>BK, ;8B5@0BC@K. " ! "+ ;020 1 . 17>@ ;8B5@0BC@K A>AB>8B 87 42CE @0745;>2. 5@2K9 ?>A2OI5= >?8A0=8N A>2@53> A>AB>O=8O ?@>1;51;0AB8 M;5:B@>@5>;>388. B45;L=K5 ?>4@0745;K 2:;NG0NB @0AAB@5=85 A>AB02>2 ?5@A?5:B82=KE M;5:B@>@5>;>38G5A:8E 684:>AB59: 48A?5@A=KE D07, 48A?5@A8>==KE A@54, ?>25@E=>AB=>- 0:B82=KE 25I5AB2, 0:B820B>@>2 8 4>102>:, 8AA;54>20=> A>2@55 ?>=OB85 M;5:B@>@5>;>38G5A:>3> MDD5:B0, =5:>B>@K5 ?>;>65=8O @5>;>388 8 D878G5A:85 45;8 M;5:B@>@5>;>388. ! CG5B>2@5AB865=89 ?@>2545=> >1>A=>20=85 2K1>@0 2 4;O A8=B570 M;5:B@>@5>;>38G5A:8E 684:>AB59. !45;0= 2K2>4 > 2>76=>AB8 CA8;5=8O ?>;O@870F8>==KE MDD5:B>2 2 A8AB545@60I8E 48M;5:B@8G5A:8 =5>4=>@>4=K5 48A?5@A=K5 D07K 2 2845 381@84=KE >@30=>- =5>@30=8G5A:8E 2. @54;>65=> 8A?>;L7>20BL 2 :0G5AB25 >@30=8G5A:8E :>=5=B>2 381@84=KE 2 @0AB2>@8;8;8MB8;5=3;8:>;L ( ) = 4 2 5 8 384@>:A8?@>?8;F5;;N;>7C ( &) = 1 , 2 1 0 3 ;O@=>5 701;040NI8E @07;8G=K<8 48M;5:B@8G5A:8<8 E0@0:B5@8AB8:02>48ABLN, 0 B0: 65 A?>A>1=>ABLN 2ABC?0BL 2 @50:F88 ?>;8:>=45=A0F88. 8M;5:B@8G5A:0O ?@>=8F05ABL @02=0 6 , >= >1;0405B ?@>B>==>9 ?@>2>48ABLN. 8M;5:B@8G5A:0O ?@>=8F05ABL & 2 , 6 >=0 =5 ?@>2>48B M;5:B@8G5A:89 B>:. !45;0==K5 >1>1I0NI85 2K2>4K ?>72>;8;8 AD>@20BL F5;8 8 7040G8 @01>BK. B>@>9 @0745; ?>A2OI5= 0=0;87C 2>76=>AB59 7>;L- 35;L B5E=>;>388 2 A8=B575 =0=>2. 0AAB@5=K 7>;L- 35;L 4K A8=B570 =0=>?>@>H:>2 48>:A840 B8B0=0, >?@545;5=K <0@H@CBK A8=B570 381@84=KE 2. ;020 2 -:A?5@8?8A0=85;L7C5<KE 2 8 @50:B82>2, ?>:070B5;59 8E :0G5AB20 8 AE5;CG5=8O =0=>@07@>H:>2 48>:A840 B8B0=0 8 381@84=KE 2 =0 53> >A=>25. ?8A0=K M:A?5@828O 8 A>>B=>H5=8O @5035=B>2 ?@8 7>;L- 35;L A8=B575 48>:A840 B8B0=0 8 >@30=>- =5>@30=8G5A:8E 381@84>2. @>F5AA A8=B570 >A=>20= =0 ?@>B5:0=88 A;54CNI8E E8;875 87>?@>?8;0B0 B8B0=0 2 A?8@B>2>9 A@545: """ T i O R + H 2 O * ! """ T i O * H + R O H """ T i O * H + """ T i O R ! """ T i O * T i """ + R O H """ T i O * H + """ T i O H ! """ T i O * T i """ + H O H 0==K5 @50:F88 70:0=G820NBAO D>@20=85;O 48>:A840 B8B0=0. A;CG05 ?@8ACBAB28O ?>;876=> ?@>B5:0=85 @50:F88 ?>;8:>=45=A0F88 ( =0 ?@8;8?@>?8;5=3;8:>;O) : """ T i O * H + [ C H 2 ( C H 3 ) H C O ] n H !""" T i O * [ C H 2 ( C H 3 ) H C O ] n H + 2 A >1@07>20=85@30=>- =5>@30=8G5A:>3> 381@840. >;CG5==K5 A8AB5425@30;8 F5=B@8DC38@>20=8N, ?>@>H:8 >B45;O;8, ?@>- E820==KE 2 ?@>2>48;8, 8A?>;L7CO AB0=40@B=K5 48:8. "5@@>H:>2 A8=B578@>20==KE 2 ?@>2>48;8 2 01>@0B>@88 $878G5A:0O E8@>2 F8:;8G5A:8E A>548=5=89 % =0 45@820B>3@0D5 Q 1 0 0 0 D8@<K 0C;8: - 0C;8: - -@458 8 =0 48D8F8@>20==>3@0D5 1 0 0 0 D ( 5=3@8O) A :>9 @538AB@0F859 @57C;LB0B>2. :0G5AB25 25I5AB20 A@02=5=8O 8A?>;L7>20;8 ?>@>H>: A l 2 O 3 . $C@L5 ?@5>1@07>20==K5 - A?5:B@K ?>@>H:>2 A8=B578@>20==KE A>548=5=89 A=8<0;8 2 ;;5:B82=>3> ?>;L7>20=8O % - %"#. ;O 8AA;54>20=8O D>@< 8 @07@>H:0 1K;0 8A?>;L7>20=0 ?@>A25G820NI0O M;5:B@>==0O A:>?8O A ?@8<5=5=85< 40 >BB5=5=8O ( M;5:B@>==K9 A:>? 2 1 0 0 , CA:>@ONI55 =0?@O65=85 5 0 :, ?0A?>@B=>5 @07@5H5=85 3 ; ;01>@0B>@8O AB@C:BC@=KE 4>2 0=0;870 2#) . ;O ?@>2545=8O @5=B35=>D07>2>3> 0=0;870 8A?>;L7>20;8 @5=B35=>2A:89 A?5:B@>G=8: 87;CG5=8O C u K =0?@O65=85 4 0 :. 0AH8D@>2:0 @57C;LB0B>2 872>48;0AL 02B>@>2545= 45B0;L=K9 0=0;87 D878:>- E89AB2 8 845=B8D8:0F8O ?@>4C:B>2 7>;L- 35;L A8=B570. #AB0=>2;5=> ( @8A. 1 0. 1. 2. 3) , GB> 8A?>;L7C5<0O AE5;L- 35;L A8=B570 ?>72>;O5B ?>;CG0BL ?>;848A?5@A=K5 ?>@>H:8 48>:A840 B8B0=0, A @07=5 2 0 - 1 5 0 =59 AB@C:BC@5, ?> - 40==K:A>D>@<0@?@>?8;0B, 04A>@18@>20==K5 ;5:C;K @0AB2>@8B5;O( 1) . >@>H:8 @5=B35=>0@D=K, 85 30;> A <0:A8<C3;>I5=85 AB@C:BC@0@20==K:A>D>@<0A=>25 40==KE B5@3> 0=0;870 ?@>2545=0 >F5=:0 3> 10;0=A0 B5@45AB@C:F88( 3) . $878:>- E8@>H:0, A8=B578@>20==>3> 2 ?@8ACBAB288 384@>:A8?@>?8;F5;;N;>7K ( @8A. 2 0, 1, 2, 3) , ?>:070;, GB> G0AB8FK ?>@>H:0 >:@C3;>9 D>@<K 8AB0B>G=> C7:>5 @0A?@545;5=85. 8A?5@A=>ABL A8AB5<K ;568B 2 ?@545;0E 5 0 - 1 0 0 =?>AB02;5=85 - A?5:B@>2 48>:A840 B8B0=0, A8=B578@>20==>3> 7>;L- 35;L 4>:A8?@>?8;F5;;N;>7K, 8 381@84=>3> 72>;8;8 A45;0BL ?@54?>;>65=85 > 2E>645=88 & 2 A>AB02 =0=>:>78B0( 1) . > 40==K< B5@3@0283> 0=0;870 45@68B >:>;> 5 % &( 2) . >@>H:8 @5=35=>0@D=K, AB@C:BC@0, >B@0605<0O 0@D=K A <0:A8<C< 2 = 2 1 0 , <5=55 2K@065=0, G5< 2 A8AB5;8- E8@>H:0 48>:A840 B8B0=0, A8=B578@>20==>3> ?> 7>;L- 35;L 4C. 0 1 2 3 8A. 2 . $878:>- E8@>H:0 381@84=>3> >@30=>- =5>@30=8G5A:>3> =0=>:>78B0 48>:A84 B8B0=0- 384@>:A8?@>?8;F5;;N;>70, A8=B578@>20==>3> ?> 7>;L- 35;L 4C. 0 1 2 3 4 8A. 3 . $878:>- E8@>H:0 381@84=>3> >@30=>- =5>@30=8G5A:>3> =0=>:>78B0 48>:A84 B8B0=0- ?>;8?@>?8;5=3;8:>;L, A8=B578@>20==>3> ?> 7>;L- 35;L 4C. E0@0:B5@87>20==K5 =0@>H:8 381@84=>3> >@30=>- =5>@30=8G5A:>3> :A84 B8B0=0- ( @8A. 3 0, 1, 2, 3. 4) 8@AB0B>G=> H8@>:89 @071@>A ?> @07<5@0=5 2 0 - 2 0 0 =B>3@0D8O G0AB8FK ?>@>H:0 ?@8 C25;8G5=88 5 2 0 0 0 @07 ?>:07K205B 55 @KE;CN AB@C:BC@C( 1) . !>?>AB02;5=85 - A?5:B@>2 48>:A840 B8B0=0, A8=B578@>20==>3> 7>;L- 35;L 4>;8?@>?8;5=3;8:>;O, 8 381@84=>3> 72>;8;8 A45;0BL ?@54?>;>65=85 > 2E>645=88 2 A>AB02 =0=>:>78B0 A >1@07>20=85< E89 A2O78 T i - O - C ( 2) . > 40==K< B5@3@0283> 0=0;870 45@68B >:>;> 2 4 % ( 3) . >@>H:8 @5=35=>0@D=K, 85 30;> A <0:A8<CB:0 48: 8AA;54>20=8O 9AB2 48A?5@A=KE A8AB5;OE -;5:B@>@5>28A:>7820=89, ?@54JO2;O5B0F8>==K78<5B@0?>;=8B5;L=KE CA;>289: >4=>@>4=>ABL 2=5H=53> ?>;O 2 @01>G5@5 ?@81>@0, >15A?5G820NI0O >4=>@>4=CN ?>;O@870F8N ?> 2A51J51@07F0, 8725AB=0O >@85=B0F8O =0?@02;5=8O 2=5H=53> ?>;O : =0?@02;5=8N A42830. ;O A2>8E 8AA;54>20=89 <K 48D8F8@>20;8 @>B0F8>==K9 28A:>78<5B@ B8?0 ( 5@B>@>< 87;>2:0 A>>A=KE F8;8=4@>2 1K;0 70A:>?0@0;;5;L=>9 A8AB59. =0 ?@54AB02;O5B A>1>9 A8AB54>2 87 ;0BC=8, >B45;5==KE >B <5E0=873> 28A:>78<5B@0 @07J5;8<5B8;4, ?@54AB02;ONI89 A>1>9 48A:, 70:@5?;5==K9 =0 >A8, A>548=5= A <5E0=8778<5B@0, ?@54=07=0G5==K3> 35=5@8@>20=8O @07;8G=>9 A:>@>AB8 >1>@>B>2. B>@>9 M;5:B@>4, 2 D>@<5 48A:0, 1K; 2=B8@>20= 2 OG59:C 87 B>:>=5?@>2>4OI53> =AB@C:F8O :@5?;5=89 OG59:8 : AB0F8>=0@=>9 G0AB8 28A:>78A=>25 F8;8=4@8G5A:8E =0?@02;ONI8E 87 ?>;8<5B8; D8:A8@>20;0 27085 ?>;>65=85 ?;0AB8=. A2O78 A B@51>20=8OAB8 707>@0 <564C ?;0AB8=0O=85 <564C =8 B0@8@>20;>AL 8 A>AB02;O;> 1 <<. -B815A?5G820;0AL 2KA>:0O >4=>@>4=>ABL M;5:B@8G5A:>3> ?>;O 8 2>76=>ABL =0;>65=8O =0 707>@ 2KA>:8E =0?@O65=89. 0?@O65=85 =0 OG59:C ?>4020;>AL G5@57 A:>;L7OI89 :>=B0:B =0 20; 25@E=53> M;5:B@>40 8 =86=89 =5?>4286=K9 M;5:B@>4. !E5<0 879 OG59:8 ?@82545=0 =0 @8A. 4 . -;5:B@>@5>;>38G5A:0O 684:>ABL >=B0:BK 4;O ?>40G8 =0?@O65=8O =0 M;5:B@>4K @5?;5=85 25@E=53> M;5:B@>40 : 2@0I0NI59AO G0AB8 28A:>78=0@=>9 G0AB8 28A:>78;OB>@ 5@E=89 2@0I0NI89AO M;5:B@>4- ?;0AB8=0 86=89 AB0F8>=0@=K9 M;5:B@>4- ?;0AB8=0 /G59:0- :>=B59=5@ 8A. 4 . 7@5>28A:>782:0 28A:>78 684:>ABO9 2O7:>ABLN, 0 B0:65 87 2>A?@>872>48AB8 @57C;LB0B>2 40;8 ?>3@5H=>ABL 87AB8 2 ?@545;0E 7 - 8 % . A?>;L7>20==0O 2 @01>B5 :>=AB@C:F8O 28A:>7872>;8;0 ?@>2>48BL 87 5 3 3 0. 0@O4C A 28A:>78;L7>20;AO 28A:>78<0B8G5A:8< 87<5@5=85;>38G5A:8E A2>9AB2 684:>AB8 8 2K2>4>< 8E =0 48A?;59, A8AB5B>@>3> 1K;0 872545=8O M;5:B@>@5>;>38G5A:8E 87=AB@C:F8O 28A:>7872>;8;0 ?@>2>48BL 87 2 7 1 0. >3@5H=>ABL 87@5 =5 ?@52KH0;0 4 % . ;O 87CG5=8O 2;8O=8O M;5:B@8G5A:8E ?>;59 =0 @0ABO65=85 8 A60B85 M;5:B@>@5>;>38G5A:8E 684:>AB59 =0B0=0 CAB0=>2:0 4;O B5AB8@>20=8O 9AB2 M;5:B@>@5>;>38G5A:8E 684:>AB59 2 M;5:B@8G5A:8E ?>;OE M;5:B@8G5A:89 @07J5;8<5B8;E@0=8B5;L=>5 :>;LF> 25@E=89 ?>4286=K9 M;5:B@>4 AB0:0= =86=89 M;5:B@>4 ?>4AB02:0 8A. 5 . >=AB@C:F8O 879 OG59:8 @8=F8? 459AB28O CAB0=>2:8 >A=>20= =0 B> 2@0I0NI89 @>==K9 28=B ?5@5405BAO 2 ?>ABC?0B5;L=>5 42865=85 ?>@H=O ?@5AA0. >@H5=L A>25@H05B ?>ABC?0B5;L=K5 25@B8:0;L=K5 ?5@5 A:>@>ABLN 0 , 0 0 3 <4O 2 42865=85 @01>G89 ( ?>4286=K9) M;5:B@>4 879 OG59:8. 50;87>20==0O 2 40==>9 CAB0=>2:5 =87:0O A:>@>ABL ?>40G8 @01>G53> M;5:B@>40 ?>72>;O5B >ACI5AB2;OBL :2078AB0B8G5A:89 20@80=B =03@C65=8O A8AB57=8:=>25=8O 384@>48=02, GB> 2K3>4=> >B;8G05B 55 >B >?8A0==KE 2 ;8B5@0BC@5 CAB0=>2>:, M;5:B@>4K 2 :>B>@KE 4286CBAO A ACI5AB25==> 1>;55 2KA>:8@>ABO2:5 ?@>872>4OBAO ?@O<K5 877=8:0NI59 ?@8 42865=88 ?>@H=O 2 M;5:B@>@5>;>38G5A:>9 684:>AB8 2 CA;>28OE A2>1>4=>3> 8AB5G5=8O 684:>AB8 87 4=>3> 707>@0 8;8 70B5:0=8O 2 4=K9 707>@, GB> >15A?5G8205BAO ?@8<5=5=8540BG8:>2 8 A?5F80;L=>9 :>=AB@C:F859 OG59:8 ( @8A. 5 . ) . 0;81@>2:0 CAB0=>2:8 ?@>2>48BAO =5?>A@54AB25==> ?5@54 :064K< 87<5@5=85< A ?@8<5=5=8525A>2. 0:A8 87<5@85 =0?@O65=85 A60B8O, =0 CAB0=>2:5 A 40==K?>@C A>AB02;O5B 5 2 : 0. ">G=>ABL 87<5@5=89 =5 EC65, G5B>2;5=85 M;5:B@>@5>;>38G5A:8E 684:>AB59. >;CG5==K5 ?>@>H:8 A;C68;8 48A?5@A=>9 D07>9 ACA?5=789. :0G5AB25 48A?5@A8>==>9 A@54K 8A?>;L7>20;8 ?>;848:A0= ( !- 2 0 ) A ?;>B=>ABLN 0 , 9 5 3/ A;848:A0= ! 3 0 0 , ?;>B=>ABLN 0 , 9 7 3/ AAB8 3>B>28;8AL 25A>2K< 4>45@60=85 B25@4>9 D07K A>AB02;O;> 3 0 2KE ?@>F5=B>2. 5>1E>48;8G5AB20 B25@4>9 D07K 8 ! BI0B5;L=> @0AB8@0;8AL 2 030B>2>9 ABC?:5 4> ?>;CG5=8O >4=>@>4=>9 CAB>9G82>9 ACA?5=788. >A;5 ?@83>B>2;5=8O 48A?5@A88 2K45@6820;8AL 2 B5G5=85 >4=>3> G0A0 4;O C40;5=8O ?C7K@L:>2 2>74CE0. ;O 87@5>;>38G5A:8E E0@0:B5@8AB8: 8A?>;L7>20;8AL A2565?@83>B>2;5==K5 A8AB5B>2;5=8O) . A5 87@5>;>38G5A:>3> MDD5:B0 ?@>2545=K ?@8 B5!. ;0203 . 1AC645=85 @57C;LB0B>2 3 . 1 -;5:B@>@5>;>38G5A:89 MDD5:B 2 48A?5@A8OE =0=>@073> 48>:A840 B8B0=0 0 @8A. 6 ?@82545=K 7028A8AB8 48=09 2O7:>AB8 8 =0?@O65=8O A42830 - =0 >A=>25 48>:A840 B8B0=0 >B =0?@O65==>AB8 M;5:B@8G5A:>3> ?>;O ?@8 @07;8G=KE A:>@>ABOE 45D>@AB830NB 7=0G8B5;L=KE 25;8G8= 8 A>AB02;ONB >:>;> 2 0 0 0 ?@8 =0?@O65==>AB8 ?>;O 4 :/ <<. #:070==K5 7028A8AB8 1;87:8 : ;8=59=K<. 1@0I05B =0 A51O 2=8 =0?@O65=85 A42830 2 8AA;54C59 A8AB5 7028A8B >B A:>@>AB8 A42830. @01>B5 ?>:070=>, GB> 8AA;54C5<0O A8AB565=88 M;5:B@8G5A:>3> ?>;O 2545B A51O ?>4>1=> 684:>ABO4G8=ONI8<AO 45;8 8=3020 ( = 0 + 0 ) . <5AB5 A B5 2@5<O :0: :;0AA8G5A:0O 45;L ?>4@07C<5205B =57028A8ABL 18=302A:>9 2O7:>AB8 >B A:>@>AB8 E M B E D O r i g i n 5 0 . G r a p h E M B E D O r i g i n 5 0 . G r a p h 8A. 6 . 028A8ABL 2O7:>AB8 8 =0?@O65=8O A42830 ACA?5=788 A A>45@60=85:A840 B8B0=0 3 0 2KE % ?@8 @07=KE A:>@>ABOE A42830 >B =0?@O65==>AB8 ?@8;>65==>3> M;5:B@8G5A:>3> ?>;O. E M B E D O r i g i n 5 0 . G r a p h E M B E D O r i g i n 5 0 . G r a p h 8A. 7 . 7028A8ABL ?@545;0 B5:CG5AB8 8 18=302A:>9 2O7:>AB8 3 0 % M;5:B@>@5>;>38G5A:>9 684:>AB8 =0 >A=>25 =0=>:>78B0 48>:A84 B8B0=0- ?>;8?@>?8;5=3;8:>;L 2 A8;8:>=>2>< B =0?@O65==>AB8 M;5:B@8G5A:>3> ?>;O. A42830, @0AAG8B0==0O =0 >A=>25 M:A?5@8;L7>20=88 40==>9 45;8 18=302A:0O 2O7:>ABL E>BO 8 A;01> 7028A8B >B A:>@>AB8 A42830, => ?@8=8B@8F0B5;L=>5 7=0G5=85. -B> O2;5=85 65B 1KBL A2O70=> A B5 ?@8 2KA>:8E A:>@>ABOE A42830 2 A8AB5@<8@C5BAO ;8G5AB2> F5?>G5: 8;8 >1@07CNBAO 1>;55 A;01K5 A2O78 <564C G0AB8F0@5>;>38G5A:>9 684:>AB8, B0:81@07>4O : ?>=865=8N =0?@O65=8O A42830 8 ?>O2;5=8N >B@8F0B5;L=>9 48=09 18=302A:>9 2O7:>AB8 . 028A8AB8 ?0@02 45;8 8=3020 >B =0?@O65==>AB8 M;5:B@8G5A:>3> ?>;O ?@82545=K =0 @8A. 7 . 0 @8A. 8 ?@82545=K 7028A8AB8 2O7:>AB8 8 =0?@O65=8O A42830 M;5:B@>@5>;>38G5A:>9 684:>AB8 =0 >A=>25 =0=>@073> 48>:A840 B8B0=0 >B ?@>2>48AB8 2 4=>@5 ?@8 @07;8G=KE =0?@O65==>ABOE M;5:B@8G5A:>3> E M B E D O r i g i n 5 0 . G r a p h E M B E D O r i g i n 5 0 . G r a p h 8A. 8 . 028A8AB8 2O7:>AB8 8 =0?@O65=8O A42830 M;5:B@>@5>;>38G5A:>9 684:>AB8 =0 >A=>25 =0=>@073> 48>:A840 B8B0=0 >B ?@>2>48AB8 2 4=>@5 ?@8 @07;8G=KE =0?@O65==>ABOE M;5:B@8G5A:>3> ?>;O 8 A:>@>ABOE A42830. ?>;O 8 A:>@>ABOE A42830. 0: A;54C5B 87 @8A. 7 , 40==K5 E0@0:B5@8AB8:8 >1@07CNI59AO AB@C:BC@K 48A?5@A88 87<5=O5BAO ?@O ?@>?>@F8>=0;L=> ?@>2>48AB8 A8AB5 65B A2845B5;LAB2>20BL 2 ?>;L7C @50;870F88 <5E0=87B5:0=8O" 2 40==KE A8AB53;0A=> :>B>@>G=>ABL 48A?5@A=KE A8AB5< A2O70=0 A , 2 < b @
:
h)8 5CJ OJ QJ aJ htN 5CJ OJ QJ aJ h> h4( CJ
h]_| CJ hd4$ CJ mH sH
hag CJ h> h4( 5CJ OJ QJ aJ h]_| 5CJ OJ QJ aJ hw 5CJ OJ QJ aJ h> h4( CJ OJ QJ aJ & ( * , . 0 2 ^ ` b > @ t v x
:
<
$d a$gdNv $a$gdNv $a$gdNv *aJ h! CJ OJ QJ aJ ht CJ OJ QJ aJ h!{ CJ OJ QJ aJ h! h! CJ OJ QJ aJ h> h'5 aJ h h'5 5CJ \ h> h'5 5CJ \ h (z 5CJ \ hd+ h CJ OJ QJ aJ hd+ h)8 CJ OJ QJ aJ h> h)8 CJ OJ QJ aJ h)8 CJ OJ QJ aJ h CJ OJ QJ aJ @ B | Z! n# $ & 0& ' + f- 0 d 1$gdNv d 1$gdNv :d 1$`:gdNv 7 :d 1$^:gdNv
& F 7 d 1$gdNv 7 d 1$gdNv
$d a$gdNv $ a$gdt
$d a$gdNv gd)8 . 0 2 4 8 " " V$ $ & & .& 0& @& N& P& & & & ' ' 2' 4' P' ^' l' n' p' ' ' ' ' ' ' ͻ͚͐́͠{uuu{́
hZw aJ
h aJ
hAj aJ h h'5 aJ hg 5>*\aJ
hG aJ
hV aJ h> h aJ
h aJ
ht aJ
h"? aJ h h'5 5\aJ h> h'5 aJ h> hG) >*aJ h> hG) aJ
hv7 aJ
h ^ aJ h> h'5 >*aJ .' ( ( 0( 4( R( T( j( l( ( ) * * , b- h-
0 0 :0 6 d6 6 6 8 "8 B8 8 8 8 8 8 8 8 8 uqmq h, h7: h6 h7: mH sH
hOi aJ
hKq aJ h h'5 5aJ h> hzW aJ h> h6f1 aJ h> hM= aJ h hzW 5aJ
hf' aJ
hzW aJ h> h'5 5\aJ h h'5 5\aJ
hg aJ
h aJ
hF aJ
hAj aJ h> h'5 aJ ( 0 0 f3 l4 >6 "8 ;
< < = = = I I M M FN N P P $d a$gd $d a$gdu3 $ a$gdNv $a$gdNv gd L $a$gdNv d 1$gdf' d 1$gdNv 8 9 9 9 9 9 9 9 : *: : : : : : : : : ; ; ; ;
< N< P< ^< `< b< n< p< r< < < < h'5 >*B* CJ OJ QJ \aJ ph (h h'5 B* CJ OJ QJ \aJ ph hA6 h'5 aJ h (z hA6 aJ
h aJ h (z h'5 aJ h (z h6 aJ
hA6 aJ h h'5 5aJ h> h'5 aJ hy h, hy h, mH sH h, h, h, h~ h7: mH sH hKq h7: hy h7: "< 4> t> v> ? Z@ p@ @ @ rB D D D կyjy[j[j[jOCO hEU CJ OJ QJ aJ h4, CJ OJ QJ aJ h> hG) CJ OJ QJ aJ h> hmS CJ OJ QJ aJ h> h'5 CJ OJ QJ aJ h> h'5 5CJ OJ QJ aJ h> hO 5CJ OJ QJ aJ h L h L %h'5 5B* CJ OJ QJ \aJ ph %hv7 5B* CJ OJ QJ \aJ ph +h> h'5 5B* CJ OJ QJ \aJ ph (h> h'5 B* CJ OJ QJ \aJ ph D D D D D D D D E E E $E *E 2E 6E 8E hE E E nF F F NG TG G :H I I I "J 2J DJ 屾{k\P h8n CJ OJ QJ aJ h> hO CJ OJ QJ aJ h> hO 5CJ OJ QJ aJ h CJ OJ QJ aJ hC;= CJ OJ QJ aJ h> hR CJ OJ QJ aJ h> hmS CJ OJ QJ aJ h!F CJ H*OJ QJ aJ h!F CJ OJ QJ aJ h> h CJ OJ QJ aJ h4, CJ OJ QJ aJ hEU CJ OJ QJ aJ h> h/j CJ OJ QJ aJ DJ FJ VJ XJ dJ J J J J J J K K L M M M M M M ȼԆwkXE $h h CJ OJ QJ aJ mH sH $h h CJ OJ QJ aJ mH sH hu3 CJ OJ QJ aJ hu3 hu3 CJ OJ QJ aJ h CJ OJ QJ aJ h> hU CJ OJ QJ aJ h CJ OJ QJ aJ h> hv CJ OJ QJ aJ hV[ CJ OJ QJ aJ hg CJ OJ QJ aJ h8n CJ OJ QJ aJ h> hO CJ OJ QJ aJ h> hO 5CJ OJ QJ aJ M M M M M M M M M M N N N N N "N $N .N 2N >N DN NN RN XN ZN ^N `N nN rN xN |N N N N N N N N N N 8O P P P P &P (P ,P .P 6P :P ص؋؋؋h CJ OJ QJ aJ h h CJ OJ QJ aJ hu3 CJ OJ QJ aJ hu3 hu3 CJ OJ QJ aJ h CJ OJ QJ aJ mH sH $hf' h CJ OJ QJ aJ mH sH $h h CJ OJ QJ aJ mH sH 'h h CJ H*OJ QJ aJ mH sH 2:P h9I CJ OJ QJ aJ mH sH h> hi CJ H*OJ QJ aJ h> hzW CJ OJ QJ aJ $h> hi CJ OJ QJ aJ mH sH h> hi CJ OJ QJ aJ h hi 5CJ OJ QJ aJ hu3 h CJ OJ QJ aJ hu3 CJ OJ QJ aJ hu3 h/j 7CJ OJ QJ aJ hu3 CJ H*OJ QJ aJ hu3 CJ OJ QJ aJ P Q |Z _ e e >e ne 8f >f hf f h h5 CJ OJ QJ aJ 4jU h){r he CJ OJ QJ UaJ mH nH tHu %h5 CJ OJ QJ aJ mH nH tHu4j h){r h5 CJ OJ QJ UaJ mH nH tHu hkw= CJ OJ QJ aJ h5 CJ H*OJ QJ aJ h)9 h5 CJ OJ QJ aJ h P h5 OJ QJ mH sH h5 CJ OJ QJ aJ h P h5 H*OJ QJ fe he le ne e e 6f 8f :f f @f Bf Df Ff Xf ^f `f Ʒm^RFRR h> CJ OJ QJ aJ h`z CJ OJ QJ aJ h=.y CJ aJ mH nH tHu,j CJ OJ QJ aJ h&P CJ OJ QJ aJ hK CJ OJ QJ aJ h5 CJ OJ QJ aJ hE) h5 CJ OJ QJ aJ h5 CJ OJ QJ aJ %h5 CJ OJ QJ aJ mH nH tHu4j&# hLF he CJ OJ QJ UaJ mH nH tHu`f bf ff hf jf lf nf tf ~f f f f f f ƫp]J/# hC;= CJ OJ QJ aJ 4j)% h){r he CJ OJ QJ UaJ mH nH tHu %hLF CJ OJ QJ aJ mH nH tHu%h&P CJ OJ QJ aJ mH nH tHu#h&P h`z CJ aJ mH nH tHu+h&P h`z CJ OJ QJ aJ mH nH tHu%h=.y CJ OJ QJ aJ mH nH tHu4j hLF he CJ OJ QJ UaJ mH nH tHu h> CJ OJ QJ aJ %h`z CJ OJ QJ aJ mH nH tHu4jѲ h){r he CJ OJ QJ UaJ mH nH tHuf f f f f f f f tg vg xg g g g g g g g g h h h h 廬ʝoTo9o4jI' h){r he CJ OJ QJ UaJ mH nH tHu 4ju
h){r h=.y CJ OJ QJ UaJ mH nH tHu %h=.y CJ OJ QJ aJ mH nH tHu4j h){r h=.y CJ OJ QJ UaJ mH nH tHu hE) hT CJ OJ QJ aJ hE) hH\ CJ OJ QJ aJ hH\ hH\ CJ OJ QJ aJ hE) h> CJ OJ QJ aJ h=.y CJ OJ QJ aJ hH\ CJ OJ QJ aJ hE) h9 CJ OJ QJ aJ h h h 4h 6h :h CJ OJ QJ aJ hE) h CJ OJ QJ aJ h=.y CJ OJ QJ aJ hH\ CJ OJ QJ aJ hE) hC;= CJ OJ QJ aJ h CJ OJ QJ aJ h=.y OJ QJ mH nH tHu,j h){r h&; OJ QJ UmH nH tHu %h=.y CJ OJ QJ aJ mH nH tHu4j h=.y h&; CJ OJ QJ UaJ mH nH tHu hT CJ OJ QJ aJ ~j k "k k k k k m m m m m m m m m n n n n n n o o o o ǼǼǴ奌}oaQB h hx CJ OJ QJ aJ h hx 5CJ OJ QJ aJ h h8n 5@< OJ QJ h h~ 5@< OJ QJ h h*8 CJ OJ QJ aJ h&P CJ OJ QJ aJ h5 CJ H*OJ QJ aJ h3N h5 CJ OJ QJ aJ h5 OJ QJ h P h5 OJ QJ h P h5 OJ QJ mH sH hk h5 CJ OJ QJ aJ h5 CJ OJ QJ aJ h*8 h5 CJ OJ QJ aJ o $r L{ { { ^| | | $} p} } } 0 ބ < n ԅ $
& F a$gdNv $ a$gdNv $ `a$gd< r $ `a$gdNv $
& F a$gdNv $ `a$gdNv o Xr tr z { 6{ D{ F{ H{ J{ L{ { { { { } } } } } } @ 岣tetVC %h h B*CJ OJ QJ aJ ph hE) hx CJ OJ QJ aJ hE) h CJ OJ QJ aJ h=.y CJ OJ QJ aJ hx CJ OJ QJ aJ y(*j h}2 CJ OJ QJ UaJ mH nH u h~ hC;= CJ OJ QJ aJ h~ hx CJ OJ QJ aJ h~ CJ OJ QJ aJ h-s CJ OJ QJ aJ hq CJ OJ QJ aJ hx CJ OJ QJ aJ hx hx CJ OJ QJ aJ @ & . 0 H ڄ ބ ~ ƺ|mWH hrs` h{s CJ OJ QJ aJ *j h){r CJ OJ QJ UaJ mH nH u h hd2 CJ OJ QJ aJ h hf' 5CJ OJ QJ aJ h hd2 5CJ OJ QJ aJ hd2 hd2 CJ OJ QJ aJ h h" CJ OJ QJ aJ h" CJ OJ QJ aJ h CJ OJ QJ aJ $h h CJ OJ QJ aJ mH sH h CJ OJ QJ aJ h h CJ OJ QJ aJ ~ 8 < ` x @ X j r R paUpaUaF hrs` hd2 CJ OJ QJ aJ h CJ OJ QJ aJ hrs` hs CJ OJ QJ aJ hrs` h? W CJ OJ QJ aJ hCrh CJ OJ QJ aJ hrs` hQ CJ OJ QJ aJ hF CJ OJ QJ aJ h P CJ OJ QJ aJ hrs` hd2 CJ OJ QJ aJ h< r CJ OJ QJ aJ hrs` CJ OJ QJ aJ h=.y CJ OJ QJ aJ hrs` h{s CJ OJ QJ aJ h< r CJ OJ QJ aJ : @ P R T λިmTA %j hUK1 h u CJ OJ QJ UaJ 1jJ
h u CJ OJ PJ QJ UVaJ nHtH%j[ hUK1 h u CJ OJ QJ UaJ 1jJ
h u CJ OJ PJ QJ UVaJ nHtH hUK1 h';" CJ OJ QJ aJ %j hUK1 h';" CJ OJ QJ UaJ %hVd hVd B*CJ OJ QJ aJ ph hVd B*CJ OJ QJ aJ ph h5 B*CJ OJ QJ aJ ph "h5 B*CJ H*OJ QJ aJ ph Ȝ ( * V X Z \ ^ ` Ǯ˟dž~ocTEcT hrs` h^j CJ OJ QJ aJ hrs` hNo CJ OJ QJ aJ h=.y CJ OJ QJ aJ hHzs hNo CJ OJ QJ aJ j\ hHzs U1jDUJ
hHzs CJ OJ PJ QJ UVaJ nHtH h{
hNo j hBS U1jrJ
h( CJ OJ PJ QJ UVaJ nHtHh.q} j h.q} U hrs` hUK1 CJ OJ QJ aJ hrs` h CJ OJ QJ aJ hUK1 hUK1 CJ OJ QJ aJ N P R | С Ȣ ޢ J N P "
hotbird
qtek
-
8800 gold
754