Close
About
FAQ
Home
Collections
Login
USC Login
Register
0
Selected
Invert selection
Deselect all
Deselect all
Click here to refresh results
Click here to refresh results
USC
/
Digital Library
/
University of Southern California Dissertations and Theses
/
Holocaust commemoration and the creation of living memory: how the Jewish Museum Berlin, the Contemporary Jewish Museum, and the Memorial to the Murdered Jews of Europe assert the past in the fab...
(USC Thesis Other)
Holocaust commemoration and the creation of living memory: how the Jewish Museum Berlin, the Contemporary Jewish Museum, and the Memorial to the Murdered Jews of Europe assert the past in the fab...
PDF
Download
Share
Open document
Flip pages
Contact Us
Contact Us
Copy asset link
Request this asset
Transcript (if available)
Content
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`!!"AT!?A!TB!B>EJ@B!GD=G! TA@I?aQD=>CF>C!B]B>GE8!@BC=@?IBEE!AK!GDBF@!PI=QB!TFGDF>!GDB!DFEGA@FQ=I!GF<BIF>B8! QA>GF>JB!GA!:B!:@AJCDG!GA!IFCDG!F>!GDB!P@BEB>G!GA!F>KA@<!JE!KA@!GDB!KJGJ@B`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b'@:=>=4!'>F]B@EFG;!AK!-IIF>AFE!9@BEE8!MNNcd8!e\! M !9BGB@!+FEB><=>8!Z*B<A@F=I!GA!GDB!*J@?B@B?!6BTE!AK!+J@APB8[!F>!2'&'4!:0.'#;%#,! <'0#&.8!B?\!(FI]FA!%=EE=@=!b-G=I;4!(UF@=!+?FGA@B8!MNNed8!RfM\! W !9BGB@!+FEB><=>8!F:F?!RfM\! ! ! ! ! ! ! M! QA>GB<PA@=@;!B]B>GE!GD@B=GB>!GA!?F]B@G!=GGB>GFA>!K@A<!FGE!<A<B>GAJE!PI=QB!F>! DFEGA@;\! H=PI=>VE!=KA@B<B>GFA>B?!:AAU!?FEQJEEBE!GDB!F<PA@G=>QB!AK!JGFIFYF>C!=BEGDBGFQ! @BP@BEB>G=GFA>!KA@!GDB!Q@B=GFA>!AK!<B=>F>C!F>!@BI=GFA>!GA!GDB!"AIAQ=JEG\!!&E!GDB! =JGDA@!EG=GBE8!!Zg!GDB!]FEF:FIFG;!AK!"AIAQ=JEG!F<=CB@;g!APB>E!JP!=!EP=QB!KA@! <B<A@;\[ X !!H=PI=>!QFGBE!=JGDA@!+I=F>B!(Q=@@;!GA!J>?B@EQA@B!GDFE!F?B=h!F>!DB@!GB^G!=#! )'%*&+!%#(!)'0#>!?*.&9!(Q=@@;!<=F>G=F>E!GD=G!Z:B=JG;!FE!=!EG=@GF>C!PI=QB!KA@! B?JQ=GFA>\[ f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f !&E!QFGB?!:;!7@BGG!&EDIB;!H=PI=>8!F:F?!RM8!K@A<!+I=F>B!(Q=@@;8!=#!)'%*&+!%#(!)'0#>! ?*.&!b9@F>QBGA>8!.\6\4!9@F>QBGA>!'>F]B@EFG;!9@BEE8!ROOOd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`!!)DFE!QD=PGB@!TFII!?BI]B!F>GA!GDFE! F<PA@G=>G!LJBEGFA>\! ! )A!:BCF>8!DATB]B@8!=>!J>?B@EG=>?F>C!AK!GDB!GB@<!ZQA<<B<A@=GFA>[!FE!]FG=I!GA! GDB!P@AC@BEE!AK!GDFE!P=PB@\!!&QQA@?F>C!GA!5B:EGB@8!GDB!TA@?!ZQA<<B<A@=GB[!<B=>E8! ZGA!DA>A@!GDB!<B<A@;!AK8!=E!:;!=!QB@B<A>;h!GA!EB@]B!=E!=!<B<A@F=I!GA\[ e !!0A@!GDB! PJ@PAEBE!AK!GDFE!GDBEFE8!DATB]B@8!GA!QA<<B<A@=GB!A@!GDB!=QG!AK!QA<<B<A@=GFA>! F<PIFBE!<JQD!<A@B\!!)A!DA>A@!FE!EF<PI;!>AG!EJKKFQFB>G\!!)A!P@A]F?B!=!<B<A@F=I!TFII! A>I;!=F?!F>!GDB!=QU>ATIB?C<B>G!AK!<B<A@;\!!)A!@B<B<:B@!?ABE!>AG!B>EJ@B!GD=G! <B<A@;!TFII!IF]B!A>!KA@!;B=@E!GA!QA<B\!!)A!QA<<B<A@=GB!<JEG!F>QA@PA@=GB!=II!AK! GDBEB!BIB<B>GE8!=>?!GDB>!EA<B\!!5DB>!?B=IF>C!TFGD!GDB!QA<<B<A@=GFA>!AK!GDB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! e !1FQGA@F=!.BJKBI?G!=>?!&>?@BT!.\!(P=@UE8!B?E\8!C'D.&'4E.!F'$!C643(!G6;8%1&!H1/663! %#(!=AA01'!I01&06#%4+9!b.BT!3A@U4!*=Q<FII=>!2B>B@=I!,BKB@B>QB8!ROOfd8!ScaSS\! ! ! ! ! ! ! X! "AIAQ=JEG8!=!PB@FA?!AK!DFEGA@;!F>!TDFQD!<FIIFA>E!IAEG!GDBF@!IF]BE!F>!GDB!>=<B!AK!D=G@B?8! ZDA>A@!=>?!<B<A@;[!EF<PI;!TFII!>AG!EJKKFQB\!!0A@!EJQD!PJ@PAEBE8!QA<<B<A@=GFA>! >BQBEEFG=GBE!GDB!F>EGFC=GFA>!AK!<B<A@;h!GDB!B>GFQB<B>G!AK!B<AGFA>Eh!GDB! P@BEB>G=GFA>!AK!DFEGA@;h!GDB!>BB?!KA@!B?JQ=GFA>h!=!PI=QB!KA@!@BKIBQGFA>h!GDB!=:FIFG;!GA! LJBEGFA>h!GDB!=IIAT=>QB!KA@!=>CB@8!DJ@G8!=>?!QA>KJEFA>h!=>?!KF>=II;8!GDB!Q@B=GFA>!AK! QA>>BQGFA>E\! ! )A!P@A]F?B!=!<B=>F>CKJI!QA<<B<A@=GF]B!B^PB@FB>QB8!=!EFGB!FE!AKGB>!>BB?B?! TDB@B!<B<A@;!Q=>!KF@EG!:B!B>QAJ@=CB?\!!)DFE!P=PB@!TFII!B^PIA@B!GDB!6BTFED!*JEBJ<! 7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<8!=>?!GDB!@';640%3!&6!&/'!@*4('4'(!?'$.!6A! :*468'!=E!GD@BB!B^=<PIBE!AK!<B<A@;!EP=QBE!=>?!TFII!:@FBKI;!B^PIA@B!GDB!DFEGA@;!AK! GDB!<A>J<B>G!=>?!<B<A@F=I!=E!=!QA<<B<A@=GF]B!?B]FQB\!!)D@AJCD!GDB! F>]BEGFC=GFA>!AK!GDB!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!AK!GDB!6BTFED!*JEBJ<! 7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<8!%#(!&/'!@';640%3!&/'!@*4('4'(!?'$.!6A! :*468'8!=!:@A=?!?BKF>FGFA>!AK!=!<B<A@;!EP=QB!TFII!:BCF>!GA!G=UB!DAI?\!!5DBGDB@!=! <B<A@;!EP=QB!FE!P@BEB>GB?!=E!=!<JEBJ<8!<A>J<B>G8!A@!<B<A@F=I8!DATB]B@8!GDB! PD;EFQ=I!EP=QB!A>!FGE!AT>!<=;!>AG!=IT=;E!=KKA@?!=!E=GFEK=QGA@;!QA<<B<A@=GF]B! B^PB@FB>QB\!!&E!GDB!=JGDA@!6=<BE!+\!3AJ>C!EJCCBEGE9!GDB!ZPI=QB!AK!<B<A@;[!FE!Zg! i@AAGB?V!F>!DFEGA@FQ=I!F>KA@<=GFA>g!=>?!DFEGA@FQ=I!P@BEB>G=GFA>g!=>?!TB!=@B!=EUB?!GA! >=]FC=GB!GDB!EP=QBE!F>!:BGTBB>!<B<A@;!=>?!DFEGA@;!KA@!AJ@!U>ATIB?CB!AK!B]B>GE\[!! -G!FE!K@A<!GDFE!>=]FC=GFA>!GD=G!QA<<B<A@=GFA>!FE!:A@>\ c ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! c !6=<BE!+\!3AJ>C8!Z9BGB@!+FEB><=>VE!/BEFC>!KA@!7B@IF>VE!*B<A@F=I!KA@!GDB!*J@?B@B?! 6BTE!AK!+J@APB4!&!6J@A@VE!,BPA@G!F>!)D@BB!9=@GE8[!F>!J7'KL0.*%30M0#>!F%&06#%3!50.&64+,! ! ! ! ! ! ! f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a GTB>GFBGD!QB>GJ@;!KF^=GFA>!A>!Z<B<A@;!?FEQAJ@EBE\[!!"J;EEB>!J>?B@EG=>?E!GDFE! A:EBEEFA>!TFGD!@BQ=IIF>C!GDB!P=EG!=E!EGB<<F>C!K@A<!GDB!EPBB?!=G!TDFQD!GDB! QA>GB<PA@=@;!EAQFBG;!KJ>QGFA>E\!!"J;EEB>!GB@<E!GDFE!PDB>A<B>A>!=E!Zg!GDB!B]B@a ED@F>UF>C!DA@FYA>E!AK!GF<B!=>?!EP=QB\[ S !!)DB!P@AIFKB@=GFA>!AK!EFGBE!TDB@B!<B<A@;!FE! P@A<PGB?!<=;!EPB=U!GA!GDB!PAIFGFQ=I!TFII!AK!QFG;!IB=?B@E!GA!P@BEB>G!=>!J@:=>! >=@@=GF]B!GD=G!TFEDBE!GA!QI=F<!@BEPA>EF:FIFG;!KA@!FGE!AT>!DFEGA@;\!!"J;EEB>!QA>GB>?E8! Z-K8!F>!GDB!B=@IFB@!GTB>GFBGD!QB>GJ@;8!<A?B@>!EAQFBGFBE!G@FB?!GA!?BKF>B!GDBF@!<A?B@>FG;! =>?!GA!EBQJ@B!GDBF@!QADBEF]B>BEE!:;!T=;!AK!F<=CF>F>C!GDB!KJGJ@B8!FG!>AT!EBB<E!GD=G! GDB!<=_A@!@BLJF@B?!G=EU!AK!=>;!EAQFBG;!GA?=;!FE!GA!G=UB!@BEPA>EF:FIFG;!KA@!FGE!P=EG\[ O !! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! @*.'*;.!%#(!F%&06#%3!B('#&0&0'.!0#!:*468'!0#!&/'!F'$!@033'##0*;9!B?\!,A:F>!#EGAT! b)A@A>GA4!'>F]B@EFG;!AK!)A@A>GA!9@BEE8!MNNSd8!MRNaMRR\! S !&>?@B=E!"J;EEB>8!24'.'#&!2%.&.,!"4D%#!2%30;8.'.&.!%#(!&/'!2630&01.!6A!@';64+9! b(G=>KA@?4!(G=>KA@?!'>F]B@EFG;!9@BEE8!MNNWd8!MW\! O !&>?@B=E!"J;EEB>8!F:F?!OX\! ! ! ! ! ! ! e! )D@AJCD!GDB!P@BEB>QB!AK!EJQD!<B<A@;!EP=QBE8!GDB!J@:=>!I=>?EQ=PB!AKKB@E!:AGD!FGE! @BEF?B>GE!=>?!]FEFGA@E!GDB!APPA@GJ>FG;!GA!LJBEGFA>!=>?!B^PIA@B!GDFE!@BEPA>EF:FIFG;\! ,JGD!2@J:B@8!=JGDA@!AK!GDB!:AAU!L04&*%33+!?'$0./,!7'0#N'#&0#>!?'$0./!G*3&*4'! 0#!:*468'8!Q=IIE!=GGB>GFA>!GA!=!C@ATF>C!F>GB@BEG!GD@AJCDAJG!+J@APB!F>!Z)DF>CE! 6BTFED[ RN !:BCF>>F>C!F>!GDB!ROSNVE!=>?!B^P=>?F>C!C@B=GI;!F>GA!GDB!ROONVE\!!2@J:B@! B^PI=F>E8!Z+J@APB=>Eg!D=]B!EG@BGQDB?!APB>!GDBF@!=@<E!GA!B<:@=QB!=!6BTFED! QA<PA>B>G!:=QU!F>GA!GDB!EAQF=I8!PAIFGFQ=I8!DFEGA@FQ=I8!=>?!QJIGJ@=I!<=F>EG@B=<8[! TDB@B=E!KA@!;B=@E!=KGB@!GDB!"AIAQ=JEG8!Zg!6BTFED!DFEGA@;!=>?!DB@FG=CB!T=E!AKGB>! <=@CF>=IFYB?8!@BP@BEEB?8!A@!KA@CAGGB>g\[ RR !!5DFIB!2@J:B@VE!QA>QBPG!AK!Z]F@GJ=II;! 6BTFED[!@BI=GBE!<A@B!GA!GDAEB!PI=QBE!GD@AJCDAJG!+J@APB!TDAEB!6BTFED!PAPJI=GFA>! D=E!C@B=GI;!?TF>?IB?!EF>QB!GDB!GF<B!AK!5A@I?!5=@!--8!EDB!@BQAC>FYBE!GD=G!=!EF<FI=@! K=EQF>=GFA>!TFGD!6BTFED!QJIGJ@B!D=E!EP@B=?!GD@AJCDAJG!2B@<=>;!=E!TBII RM ! b2B@<=>;VE!6BTFED!PAPJI=GFA>!D=E!F>Q@B=EB?!EF>QB!GDB!F>KIJ^!AK!6BTFED!(A]FBG! F<<FC@=>GE!F>!GDB!ROONVE RW d\! 5DBGDB@!A@!>AG!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED! *JEBJ<8!64!&/'!@';640%3!&6!&/'!@*4('4'(!?'$.!6A!:*468'!=@B!=QGJ=II;!ZF>EGFGJGFA>=I! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! RN !,JGD!+IIB>!2@J:B@8!L04&*%33+!?'$0./,!7'0#N'#&0#>!?'$0./!G*3&*4'!0#!:*468'9! b7B@UBIB;4!'>F]B@EFG;!AK!%=IFKA@>F=!9@BEE8!MNNMd8!e\! RR !,JGD!+IIB>!2@J:B@8!F:F?!Xaf\! RM !,JGD!+IIB>!2@J:B@8!F:F?!c\! RW !Z&PP@A^F<=GBI;!MNN8NNN!6BTFED!PBAPIB!D=]B!<A]B?!GA!2B@<=>;!EF>QB!GDB!(A]FBG! '>FA>!?FEF>GBC@=GB?!F>!GDB!B=@I;!ROONVE\\\!2B@<=>;VE!6BTFED!PAPJI=GFA>!FE!>AT! +J@APBVE!K=EGBEG!C@ATF>C8[!&E!QFGB?!F>!6BEE!(<BB8!Z&!7BI=GB?!1FQGA@;!&C=F>EG!GDB! .=YFEV8[!O/'!P*%4(0%#9!W!.A]B<:B@!MNNe8! DGGP4jjTTT\CJ=@?F=>\QA\JUjTA@I?jMNNej>A]jNWj@BIFCFA>\CB@<=>;!b=QQBEEB?! 0B:@J=@;!MNNOd\! ! ! ! ! ! ! c! KA@<kEl!AK!QJIGJ@=I!=PAIAC;8[ RX !TDFQD!2@J:B@!EBBE!=E!:BF>C!GDB!<AGF]=GFA>!:BDF>?! QB@G=F>!B^P@BEEFA>E!AK!=!Z]F@GJ=I!6BTFED>BEE8[ Rf !GDBEB!EFGB!?A!Q=@@;!EF>QB@B!TBFCDG!KA@! 6BTE8!7B@IF>B@E8!+J@APB=>E8!=>?!&<B@FQ=>E!=IFUB\!!&>?!TDFIB!GDB!P@BEB>Ga?=;!7B@IF>! 6BTFED!PAPJI=GFA>!<=;!>AG!:B!TD=G!FG!T=E!=G!GDB!GF<B!AK!GDB!.=YF!@BCF<B8 Re !GDB!>BB?! =>?!?BEF@B!GA!@BQAC>FYB!=>?!<B<A@F=IFYB!GDB!F>GB>EB!]AF?!IBKG!:;!GDB!P@B]FAJE! CB>B@=GFA>!AK!6BTE8!=E!GDFE!P=PB@!TFII!B^PIA@B8!=PPB=@E!GA!D=]B!@BQBF]B?!=!:AAEG!K@A<! GDB!QA>GB<PA@=@;!F>GB@BEG!F>!6BTFED!DB@FG=CB!=>?!QJIGJ@B!=:AJG!TDFQD!2@J:B@! EPB=UE\! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! RX !,JGD!+IIB>!2@J:B@8!F:F?!O\!!! Rf !,JGD!+IIB>!2@J:B@8!F:F?!RR\! Re !&>!BEGF<=GB?!fMW8NNN!6BTE!TB@B!IF]F>C!F>!2B@<=>;!F>!6=>J=@;8!ROWW\!!&:AJG! ReN8NNN!6BTE!TB@B!IF]F>C!F>!7B@IF>!F>!ROMf8!=E!QFGB?!F>!Z2B@<=>;4!6BTFED!9APJI=GFA>! F>!ROWW8[!'>FGB?!(G=GBE!"AIAQ=JEG!*B<A@F=I!*JEBJ<8!MNNS8! DGGP4jjTTT\JED<<\A@CjTIQj=@GFQIB\PDP`I=>CmB>n*A?JIB-?mRNNNfMce!b=QQBEEB?! 0B:@J=@;!MNNOd\! ! ! ! ! ! ! S! )4#5+&.!6! 7'*28&*+,!#*1!7&8'.3#%,9!-!7&#*,!('.!:'%'/#2,+!)'88&8'.#+3'*! ! ->!+J@APB8!TDB@B!:AGD!GDB!6BTFED!*JEBJ<!7B@IF>!=>?!GDB!@';640%3!&6!&/'! @*4('4'(!?'$.!6A!:*468'!IFB8!GDB!PJ:IFQ!PAIFGFQ=I!<A>J<B>G!C@BT!AJG!AK!GDB!*F??IB! &CBE!TDB>!F>!RfcM!GDB!KF@EG!EG=GJB!T=E!?BEFC>=GB?!KA@!=!PJ:IFQ!EP=QB8!@=GDB@!GD=>!=>! F>GB@FA@!>A>aQF]FQ!EP=QB\!!)DB!<A>J<B>G!QA>GF>JB?!GA!B]AI]B!=>?!F>!GDB!I=EG! >F>BGBB>GD!QB>GJ@;8!GDB!PJ:IFQ!<A>J<B>G!:BQ=<B!ZGDB!P@BEB@]B!AK!:AJ@BAFE!PAIFGFQ=I! QJIGJ@B!=>?!@BP@BEB>G=GFA>\[ Rc !!&!EA@G!AK!ZEG=GJA<=>F=[!T=EDB?!GD@AJCD!9=@FE!F>!GDB! I=GB!RSNNVE8!=E!GDB!)DF@?!,BPJ:IFQ!EAJCDG!GDB!P@AIFKB@=GFA>!AK!PJ:IFQ!<A>J<B>GE!GA! EB@]B!=E!GDB!P=F>GF>C!AK!DFEGA@;!GD@AJCDAJG!GDB!J@:=>!I=>?EQ=PB\!!&E!=!<B=>E!AK! ?FEEB<F>=GF>C!FGE!AT>!F?BAIACFBE8!GDB!)DF@?!,BPJ:IFQ!Q@B=GB?!KFCJ@=GF]B!EG=GJBE!AK! GDAEB!TDA!@BP@BEB>GB?!GDB!Z=EPF@=GFA>E!AK!GDB!J@:=>!<F??IB!QI=EE!=>?!AK!GDB! F>GBIIFCB>GEF=!F>!CA]B@><B>G!A@!<J>FQFP=I!EB@]FQBE\[ RS !!%@B=GB?!K@A<!:@A>YB!=>?! <=@:IB8!GDB!KFCJ@BE!TB@B!PI=QB?!DFCD!A>!PB?BEG=IE!TFGD!:=Ea@BIFBKE!=>?!PI=LJBE! EB@]F>C!=E!=!EAJ@QB!AK!F>KA@<=GFA>\!! 9J:IFQ!APF>FA>!EJ@@AJ>?F>C!GDB!P@BEB>G=GFA>!AK!KFCJ@=GF]B!<A>J<B>GE!:BC=>! GA!EDFKG!=G!GDB!GJ@>!AK!GDB!QB>GJ@;!=E!BIB<B>GE!AK!<A?B@>FEG!GDAJCDG!GAAU!DAI?\!!)DB! PI=GKA@<E!A>!TDFQD!GDB!EG=GJBE!EGAA?!TB@B!:@A=?B>B?!=>?!IATB@B?!<A@B!GAT=@?E! B;BaIB]BI!GA!Q@B=GB!=!C@B=GB@!EB>EB!AK!F>GF<=Q;!KA@!GDB!]FBTB@\!!7;!GDB!A>EBG!AK!GDB! 0F@EG!5A@I?8!GDB!APGF<FE<!GD=G!EJPPA@GB?!GDB!P@AIFKB@=GFA>!AK!GDB!:JFI?F>C!AK!PJ:IFQ! <A>J<B>GE!GD@AJCDAJG!GDB!QFG;!AK!9=@FE!:BC=>!GA!?TF>?IB\!!Z(G=GJA<=>F=8[!TDFQD! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Rc !(B@CFJEY!*FQD=IEUF8!Z9@BK=QB8[!2*D301!@6#*;'#&.,!-4&!0#!2630&01%3!)6#(%>'!QRSTU QVVS9!b$A>?A>4!,B=UGFA>!7AAUE8!ROOSd8!S\! RS !(B@CFJEY!*FQD=IEUF8!F:F?!Mc\! ! ! ! ! ! ! O! T=E!A>QB!=EEAQF=GB?!TFGD!GDB!?B<AQ@=GFQ!=?]=>QB<B>G!AK!QF]FIFY=GFA>8!T=E!PJEDB?! =EF?B!:;!B^G@B<B!ZEG=GJAPDA:F=8[!=E!=I<AEG!A>B!DJ>?@B?!PJ:IFQ!<A>J<B>GE!F>!9=@FE! TB@B!?BEG@A;B?!:BGTBB>!ROXN!=>?!ROXX\ RO !!5DFIB!GDB!.=YFE!TB@B!@BEPA>EF:IB!KA@! <JQD!AK!GDB!<=EEF]B!?BEG@JQGFA>!AK!PJ:IFQ!<A>J<B>GE!GD@AJCDAJG!+J@APB8!9=@FE!?F?! >AG!B^PB@FB>QB!GDB!TA@EG!AK!FG\! ! 5DFIB!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<8!=>?!GDB! @';640%3!&6!&/'!@*4('4'(!?'$.!6A!:*468'!=@B!K=@!K@A<!KFCJ@=GF]B!@BP@BEB>G=GFA>E!AK! GDF>UB@E8!<=@G;@E8!EQFB>GFEGE!A@!B?JQ=GA@E!AK!GDB!)DF@?!,BPJ:IFQ!F>!9=@FE8 MN !GDBEB! =@QDFGBQGJ@=I!EG@JQGJ@BE!?A!@BP@BEB>G!=!EB>EB!AK!APGF<FE<!GD@AJCDAJG!GDBF@!:JFIG! B>]F@A><B>GE\!!6JEG!=E!6JIBE!/=IAJVE!FQA>AC@=PDFQ!<A>J<B>GE!AK!GDB!I=GB!>F>BGBB>GD! QB>GJ@;!TB@B!ZK@AYB>[!F>GA!GDB!J@:=>!K=:@FQ!=E!=!<B=>E!AK!Zg!BQDAF>C!GDB!P@AC@BEE!AK! <A?B@>!IFKB8[ MR !=II!GD@BB!AK!GDBEB!EG@JQGJ@BE!@BP@BEB>G!=>!=CB>?=!TDB@B!GDB!PD;EFQ=I! <=>FKBEG=GFA>!AK!<B<A@;!DBIPE!GA!C@AJ>?!GDB!QFG;!F>!FGE!DFEGA@;!EA!GD=G!FG!Q=>! QA>GF>JB!F>GA!GDB!KJGJ@B\!!-@A>FQ=II;8!GDB!<A>J<B>GE!Q@B=GB?!:;!GDB!.=YF!@BCF<B!=IEA! F>EB@GB?!=!PAIFGFQ=I!F?BAIAC;!F>GA!GDB!J@:=>!EAFI\!!'>IFUB!GDB!)DF@?!,BPJ:IFQ!AK!9=@FE8! GDB!.=YFE!E=T!GDB!JGFIFY=GFA>!AK!EQJIPGJ@B!=E!<A@B!AK!=!?BQA@=GF]B!QA<PIB<B>G!GA! GDBF@!Z?A<F>BB@F>C[!=@QDFGBQGJ@B!Q@B=GB?!TDFIB!F>!PATB@\! ! )DB!=:EG@=QG!GB>?B>QFBE!K@A<!TDFQD!GDB!GD@BB!TA@UE!AK!=@QDFGBQGJ@B! ?FEQJEEB?!F>!GDFE!GDBEFE!EGB<!GAAU!DAI?!F>!GDB!B=@I;!ROfNVE!TFGD!GDB!J>]BFIF>C!AK!GDB! @6#*;'#&!&6!&/'!L01&0;.!6A!&/'!)'430#!-0430A&!F>!ROfR\!!&:EG@=QGFA>!AKKB@B?!=@GFEGE!=>?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! RO !(B@CFJEY!*FQD=IEUF8!F:F?!XO\! MN !(B@CFJEY!*FQD=IEUF8!F:F?!Mc\! MR !(B@CFJEY!*FQD=IEUF8!F:F?!MN\! ! ! ! ! ! ! RN! ?BEFC>B@E!GDB!=:FIFG;!GA!LJBEGFA>!GDB!BKKBQGF]B>BEE!AK!GDB!PAIFGFQ=I!PJ:IFQ!<A>J<B>G! F>!=!PAEGa5A@I?!5=@!--!TA@I?\!!*BGDA?E!EJQD!=E!F>]FEF:FIFG;!=>?!F>]B@EFA>!TA@UB?!GA! QD=IIB>CB!GDB!G@=?FGFA>=I!<A>J<B>G!P@=QGFQB!AK!P@A<F>B>G!PB@<=>B>QB8!=E!9=:IA! 9FQ=EEA!B^PI=F>B?8!Zg!=:EG@=QG!EQJIPGJ@Bg!TAJI?!CF]B!KA@<!GA!GDB!]AF?!F>!EJQD!=!T=;! =E!GA!<=UB!PBAPIB!GDF>U!=:AJG!GDB!B^FEGB>QB!AK!FGg\[ MM !!%I=BE!#I?B>:J@C8!F>!ROef8! P@APAEB?!EJQD!=!QA<<B<A@=GF]B!<A>J<B>G!=E!?BEQ@F:B?!:;!9FQ=EEA\!!#I?B>:J@CVE! 24686.'(!"#('4>46*#(!@';640%3!%#(!O6;D!A64!24'.0('#&!?6/#!<W!X'##'(+!T=E!GA!:B! GDB!E=<B!?F<B>EFA>E!AK!GDB!(G=GJB!AK!$F:B@G;h!DATB]B@8!DFE!EG=GJB!TAJI?!:B!AK!GDB! ?BQB=EB?!9@BEF?B>G!I;F>C!JPEF?Ba?AT>!F>!GDB!C@AJ>?\!!#I?B>:J@CVE!I=GB@!P@APAE=IE! E=T!A@?F>=@;!A:_BQGE8!EJQD!=E!IFPEGFQU!=>?!=!QIAGDBEPF>8!=E!GDB!@BPI=QB<B>G!KA@!GDB! G@=?FGFA>=I!?BKF>FGFA>!AK!GDB!PAIFGFQ=I!<A>J<B>G\!!!! ! *=;=!$F>VE!L0'&#%;!L'&'4%#.!@';640%3!F>!5=EDF>CGA>8!/\%\!FE!>BFGDB@! F>]FEF:IB8!>A@!F>]B@GB?8!:JG!DB@!JEB!AK!=!<F@@A@aIFUB!<=GB@F=I!F>]FGBE!GDB!]FBTB@!GA! G=UB!P=@G!F>!GDB!EG@JQGJ@B!F>!=!T=;!GD=G!G@=?FGFA>=I!PJ:IFQ!EG=GJBE!>B]B@!?F?\!!)TA! F?B>GFQ=I!:I=QU!C@=>FGB!T=IIE!F>EB@GB?!F>!GDB!I=T>!AK!GDB!5=EDF>CGA>!*=II!IFEG! QD@A>AIACFQ=II;!GDB!fS8NNN!&<B@FQ=>!Q=EJ=IGFBE!AK!GDB!1FBG>=<!5=@\!!6AF>B?!=G!=! @FCDG!=>CIB8!GDBEB!C@=>FGB!T=IIE!P@A]F?B!=!<F@@A@!F>GA!TDFQD!GDB!]FBTB@!FE!@BKIBQGB?!=E! DB!@B=?E!GDB!B<:B??B?!>=<BE!AK!GDB!&<B@FQ=>!EAI?FB@E\!!&E!(B@CFJEY!*FQD=IEUF8! =JGDA@!AK!GDB!:AAU!9J:IFQ!*A>J<B>GE4!&@G!F>!9AIFGFQ=I!7A>?=CB!RScNaROOc8!EG=GBE8! Z-G!FE!=!EF<PIB!;BG!PATB@KJI!E;<:AI8!:@F>CF>C!GACBGDB@!AJ@!AT>!B^FEGB>QB!TFGD!GDB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MM !(B@CFJEY!*FQD=IEUF8!F:F?!Rc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a<A>J<B>G! P@A]F?BE!=@GFEGE!TFGD!GDB!Q=P=:FIFG;!AK!CAF>C!:B;A>?!=>!Zg!J>GB>=:IB!P@F<B!A:_BQG! =>?!kEBGGF>Cl!=!P@AQBEE!AK!@BKIBQGFA>!F>!<AGFA>g\[ Mf !!-K!>AGDF>C!BIEB8!GDB!6BTFED! *JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<8!=>?!GDB!@';640%3!A64!&/'! @*4('4'(!?'$.!6A!:*468'9!=E!-!ED=II!?FEQJEE8!=II!ED=@B!F>!GDB!=:FIFG;!GA!P@A<AGB! @BKIBQGFA>!o!A>!GDB!P=EG8!GDB!P@BEB>G8!=>?!GDB!KJGJ@B\! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MW !(B@CFJEY!*FQD=IEUF8!F:F?!RSO\! MX !(B@CFJEY!*FQD=IEUF8!F:F?!MNRaMNW\! Mf !(B@CFJEY!*FQD=IEUF8!F:F?!MNc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a?BEFC>B?!6BTFED!*JEBJ<\!!$F:BEUF>?!<=;! D=]B!:BB>!GDB!CB>FJE!:BDF>?!:AGD!:JFI?F>CE8!;BG!B=QD!<JEBJ<VE!G@=_BQGA@;!QAJI?!>AG! :B!<A@B!?FEG=>G!K@A<!GDB!AGDB@\!!$F:BEUF>?VE!=@QDFGBQGJ@=I!?BEFC>!KA@!GDB!6BTFED! *JEBJ<!7B@IF>!QDAAEBE!GA!:@F>C!GDB!P=EG!GA!IFKB!:;!KAQJEF>C!A>!GDB!EG=@U!]AF?!Q@B=GB?! :;!GDB!=:EB>QB!AK!GDB!QFG;VE!P@Ba5A@I?!5=@!--!6BTFED!PAPJI=GFA>\!!&G!GDB!E=<B!GF<B8! GDB!PB@<=>B>G!B^DF:FGFA>!GD@AJCDAJG!GDB!F>GB@FA@!AK!$F:BEUF>?VE!7B@IF>!:JFI?F>C! ! ! ! ! ! ! RW! EG=CBE!=!QD@A>AIACFQ=I!>=@@=GF]B!AK!GDB!2B@<=>!6BTFED!QA<<J>FG;!K@A<!GDB!KF@EG! P@AAK!AK!P@BEB>QB!AK!GDB!6BTE!F>!2B@<=>;!GA!GDBF@!Q@FGFQ=I!@AIB!F>!7B@IF>VE!<A?B@>!IFKB! J>GFI!GDB!GF<B!AK!GDB!"AIAQ=JEG\!!$F:BEUF>?VE!?BEFC>!KA@!GDB!%A>GB<PA@=@;!6BTFED! *JEBJ<!F>!(=>!0@=>QFEQA!IAAUE!GA!IFKB!@=GDB@!GD=>!=:EB>QB!GA!P@A]F?B!=!EP=QB!KA@!FGE! ]FEFGA@E!GA!LJBEGFA>!DAT!GDB!6BTE!AK!GDB!7=;!&@B=!Q=<B!GA!AQQJP;!GDBF@! QA>GB<PA@=@;!PI=QB!TFGDF>!GDB!QFG;\!!&IGDAJCD!>A!PB@<=>B>G!B^DF:FGFA>!B^FEGE! GD@AJCDAJG!GDFE!<JEBJ<8!GDB!EDFKGF>C!B^DF:FGFA>E!P@A]F?B!GDB!APPA@GJ>FG;!KA@!=@GFEGE! GA!B^PIA@B!:AGD!GDB!DFEGA@FQ=I!=>?!P@BEB>Ga?=;!BIB<B>GE!GD=G!TA@U!GA!ED=PB!GDB!7=;! &@B=!6BTFED!QA<<J>FG;\! )DB!=@QDFGBQGJ@=I!?BEFC>!AK!GDB!6BTFED!*JEBJ<!7B@IF>!P@A]F?BE!IFGGIB!F>EFCDG! F>GA!7B@IF>VE!P@BEB>Ga?=;!6BTFED!QA<<J>FG;8!;BG!GDB!:JFI?F>C!FE!A>B!AK!<=>;!<A?B@>! TA@UE!AK!=@QDFGBQGJ@B!GD=G!=EEFEG!F>!GDB!Q@B=GFA>!AK!=!>BT!PD;EFQ=I!F?B>GFG;!KA@!GDB! QFG;!AK!7B@IF>\!!%I=F<F>C!=>!F<P@BEEF]B!EP=QB!F>!GDB!PD;EFQ=I!I=>?EQ=PB!AK!GDB! <A?B@>a?=;!7B@IF>8!GDB!=@QDFGBQGJ@B!TA@UE!GA!<A>J<B>G=IFYB!GDB!6BTFED!EGA@;\!!)DB! 6BTFED!*JEBJ<!7B@IF>!FE!=>!=GGB<PG!GA!>AG!A>I;!@B<B<:B@!GDB!C@JBEA<B!=>?! K@FCDGB>F>C!PB@FA?!F>!DFEGA@;!U>AT>!=E!GDB!"AIAQ=JEG8!:JG!=IEA8!=!]FG=I!B>?B=]A@!GA! >=@@=GB!GDB!EGA@;!AK!=!PBAPIB!KA@B]B@!QD=>CB?!F>!GDB!E=<B!QFG;!GD=G!A>QB!KAEGB@B?!GDB! 6BTFED!,B>=FEE=>QB8!TDFQD!Zg!P@A<AGB?!=!@B<=@U=:IB!KIATB@F>C!AK!6BTFED!QJIGJ@B8!=! EJEG=F>B?!F>GB@BEG!F>!6BTFED!<=GGB@E!GD=G!KAJ>?!B^P@BEEFA>!F>!=!]=@FBG;!AK!Q@B=GF]B! =>?!AKGB>!J>FLJBI;!<A?B@>!KA@<Eg\[ Me !!%FG;!AKKFQF=IE!C@=PPIB?!KA@!;B=@E!TFGD!GDB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Me !9=JI!*B>?BEa0IAD@8!Z)DB!7B@IF>!6BT!=E!%AE<APAIFG=>8[!F>!)'430#!@'&468630.,!?'$.! %#(!&/'!F'$!G*3&*4'9!QRVTUQVQR9!b7B@UBIB;4!'>F]B@EFG;!AK!%=IFKA@>F=!9@BEE8!MNNNd8!Me\! ! ! ! ! ! ! RX! LJBEGFA>!AK!DAT!GA!<=GB@F=IFYB!EJQD!=>!F<PA@G=>G!QJIGJ@B!GD=G!D=?!:BB>!:@JG=II;! ?B]=EG=GB?!:;!GDB!E=<B!QFG;!TFEDF>C!GA!ZF>]FGB!GDB!6BTE!:=QU!F>GA!FGE!AKKFQF=I!P=EG\[ Mc ! )DB!I=GB!ROSNVE!=>?!B=@I;!iONVE!T=E!=!G@JI;!?BEG=:FIFYF>C!PB@FA?!KA@!GDB!QFG;!AK! 7B@IF>8!=E!GDB!K=II!AK!GDB!7B@IF>!5=II!KAIIATB?!:;!GDB!QAJ>G@;VE!@BJ>FKFQ=GFA>!:@AJCDG! GA!GDB!EJ@K=QB!>AG!A>I;!=>!A]B@TDBI<F>C!=>GFQFP=GFA>!KA@!GDB!KJGJ@B8!:JG!=IEA!=! @B=IFY=GFA>!AK!GDB!?F@B!P=EG!GD=G!IB?!GDB!QFG;!GA!FGE!QJ@@B>G!EG=GB\!!"ATB]B@8!GDFE!PB@FA?! AKKB@B?!7B@IF>!=>!F>Q@B?F:IB!APPA@GJ>FG;!GA!@BED=PB!FGE!F?B>GFG;!=E!=!QA>GB<PA@=@;! QFG;!<A]F>C!EJQQBEEKJII;!F>GA!GDB!MR EG !QB>GJ@;\!!5FGD!<JQD!=GGB>GFA>!:BF>C!P=F?!GA! GDB!QFG;VE!=QGFA>E!GD@AJCDAJG!GDB!ROONVE8!:AI?!CBEGJ@BE!TB@B!>BB?B?!GA!EDFKG! PB@QBPGFA>E!GD=G!D=?!PI=CJB?!GDB!QFG;!KA@!A]B@!EF^G;!;B=@E\!!7JG!DAT!?ABE!=!QFG;!EA! EG@A>CI;!U>AT>!KA@!EJQD!G@=CFQ!B]B>GE!=E!GDB!"AIAQ=JEG!=>?!;B=@E!AK!%A<<J>FEG!@JIB! :BCF>!GA!@BPI=QB!GDBEB!F<=CBE!TFGD!<A@B!QAIA@KJI8!QA>GB<PA@=@;!]FEFA>E`!!"AT!?A! PAIFQ;!<=UB@E!Q@B=GB!>BT!I=;B@E!KA@!=>!J@:=>!I=>?EQ=PB!EA!KJII!AK!PD;EFQ=I!@B<F>?B@E! AK!GDB!F>GB>EB!?BEG@JQGFA>!GD=G!GAAU!PI=QB!GD@AJCDAJG!FGE!AT>!EG@BBGE!_JEG!A]B@!D=IK!=! QB>GJ@;!=CA`! ->!ROSS8!GDB!QFG;!KF>=II;!?BQF?B?!GA!<A]B!KA@T=@?!TFGD!GDB!:JFI?F>C!AK!=!>BT! 6BTFED!*JEBJ<!bGDB!A@FCF>=I!6BTFED!*JEBJ<8!TDFQD!APB>B?!F>!6=>J=@;!ROWW8!T=E! ?BEG@A;B?!F>!GDB!H@FEG=II>=QDG!PAC@A<!AK!.A]B<:B@!ROWSd\!!&!6BTFED!*JEBJ<! /BP=@G<B>G!T=E!Q@B=GB?!GD@AJCD!KJ>?F>C!P@A]F?B?!:;!GDB!7B@IF>!(B>=GB!=>?!=>! F>GB@>=GFA>=I!?BEFC>!QA<PBGFGFA>!KA@!GDB!>BT!<JEBJ<!EAJCDG!=!?BEFC>!GD=G!TAJI?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Mc !6=<BE!+\!3AJ>C8!Z6BTFED!*JEBJ<E8!"AIAQ=JEG!*JEBJ<E8!=>?!pJBEGFA>E!AK!.=GFA>=I! -?B>GFG;8[!F>!?'$0./!B('#&0&+!0#!G6#&';864%4+!-41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?! +?T=@?!]=>!1AAIB>!b7B@IF>4!9@BEGBI8!MNNXd8!XM\! ! ! ! ! ! ! Rf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a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h!@=GDB@8!FG!T=E!A>B!F>!TDFQD!-!T=E!F<PIFQ=GB?!K@A<!GDB! :BCF>>F>C8!D=]F>C!IAEG!<AEG!AK!<;!K=<FI;!F>!GDB!"AIAQ=JEG!=>?!<;EBIK!D=]F>C! :BB>!:A@>!A>I;!=!KBT!DJ>?@B?!UFIA<BGB@E!B=EG!AK!7B@IF>!F>!$A?Y8!9AI=>?\ MO !! ! /=>FBI!$F:BEUF>?VE!Rf8NNNaELJ=@B!<BGB@!:JFI?F>C!=QGE!=E!=!<A>J<B>G!GA!GDB! 6BTFED!QA<<J>FG;!AK!7B@IF>8!=E!$F:BEUF>?VE!:AI?!?BEFC>!Zg!EPB=UE!TFGD!=:EAIJGB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MS !/=>FBI!$F:BEUF>?8!Z->G@A?JQGFA>8[!F>!I%#0'3!Y0D'.Z0#(,!O/'!H8%1'!6A!:#16*#&'49! b.BT!3A@U4!'>F]B@EB!9J:IFEDF>C8!MNNNd8!Rc\! MO !/=>FBI!$F:BEUF>?8!F:F?!MW\! ! ! ! ! ! ! Re! =JGDA@FG;8[!=E!<AEG!<A>J<B>GE!?A\ WN !!)DFE!=EEB@GFA>!AK!EJQD!=!C@=>?!P@BEB>QB!F>!GDB! QFG;VE!:JFIG!K=:@FQ!Q=>!:B!QA<P=@B?!TFGD!GDB!6BTE!AK!GDB!EB]B>GBB>GD!=>?!BFCDGBB>GD! QB>GJ@FBE!F>!&<EGB@?=<\!!)DB!QA>EG@JQGFA>!AK!GDB!E;>=CACJB!=G!GDFE!GF<B!AKKB@B?!GDB! 6BTE!AK!&<EGB@?=<!GDB!Z=:FIFG;!GA!E=;8!iTB!IF]B!DB@BV!o!TDFQD!F>!6BTFED!DFEGA@;!T=E! EA<BGF<BE!=EEAQF=GB?!TFGD!GDB!?BQFEFA>!GA!@B<=F>!F>!GDB!/F=EPA@=!@=GDB@!GD=>! B<FC@=GF>C!GA!-E@=BI\[ WR !!$F:BEUF>?VE!EG@JQGJ@B!B<PD=EFYBE!GDB!]AF?!@=GDB@!GD=>!GDB! P@BEB>QB!AK!GDB!6BTFED!QA<<J>FG;!F>!7B@IF>8!DATB]B@\!!)D@AJCD!GDB!F>EB@GFA>!AK!EJQD! =!<A>J<B>G=I!:JFI?F>C!F>GA!GDB!PJ:IFQ!@B=I<8!$F:BEUF>?VE!?BEFC>!P@BEB@]BE!GDFE! =:EB>QB!KA@!;B=@E!GA!QA<B\! $F:BEUF>?VE!JEB!AK!ED=@P8!:@AUB>!IF>BE!GA!KA@<!GDB!TF>?ATE!AK!GDB!:JFI?F>C8! EA<BGF<BE!@BKB@@B?!GA!=E!=!ZK@=C<B>GB?!(G=@!AK!/=]F?8[ WM !<=PE!GDB!?FE_J>QGF]B! QA>>BQGFA>!:BGTBB>!GDB!<A?B@>a?=;!EG@JQGJ@B!=>?!GDB!KA@<B@!6BTFED!QA<<J>FG;!AK! GDB!QFG;\!!)DFE!YFCaY=C!KA@<!FE!:=EB?!A>!GDB!<JEBJ<VE!PD;EFQ=I!@BI=GFA>EDFP!GA!GDB! DA<B!=??@BEEBE!AK!B=@IFB@!6BTFED!KFCJ@BE!F>!7B@IF>\ WW !!)DFE!=@QDFGBQGJ@=I!G@APB!AK! <=PPF>C!GD=G!$F:BEUF>?!B<PIA;B?!GD@AJCDAJG!DFE!?BEFC>!<=;!D=]B!:BB>!=>!=GGB<PG! GA!IF>U!GDB!>=@@=GF]B!P@BEB>GB?!GD@AJCD!GDB!F>GB@FA@!B^DF:FGFA>8!TDFQD!KAQJEBE!A>!GDB! B^FEGB>QB!AK!=!P@B]FAJE!6BTFED!PAPJI=GFA>!GD@AJCDAJG!2B@<=>;!=>?!7B@IF>8!TFGD!GDB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WN !,=IPD!,JCAKK8!@6#*;'#&.!A64!&/'!"H-9!b(=>!0@=>QFEQA4!5=GGFE!->EGFGJGB!KA@! %A>GB<PA@=@;!&@GE8!MNNfd8!X\! WR !&>CBIF!(=QDE!=>?!+?T=@?!]=>!1AAIB>8!Z9@BK=QB8[!F>!?'$0./!B('#&0&+!0#!G6#&';864%4+! -41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?!+?T=@?!]=>!1AAIB>!b7B@IF>4!9@BEGBI8!MNNXd8!e\! WM !7B@>D=@?!(QD>BF?B@8!I%#0'3!Y0D'.Z0#(,!?'$0./!@*.'*;!)'430#9!b*J>FQD4!9@BEGBI! 1B@I=C8!MNNcd8!WS\! WW !7B@>D=@?!(QD>BF?B@8!F:F?!We\! ! ! ! ! ! ! Rc! A]B@=@QDF>C!=@QDFGBQGJ@=I!GDB<B!AK!=:EB>QB8!TDFQD!EGB<E!K@A<!GDB!PD;EFQ=I!]AF?!IBKG! :;!GDFE!QA<<J>FG;!=KGB@!GDB!"AIAQ=JEG\! $F:BEUF>?VE!P@APAE=I!?F?!>AG!=GGB<PG!GA!=>ETB@!GDB!?FKKFQJIG!LJBEGFA>E!PJG! KA@GD!:;!GDB!QA>QBPGJ=I!:@FBK!KA@!GDB!?BEFC>!QA<PBGFGFA>8 !WX !:JG!@=GDB@8!DB!Z=IIATB?! DFE!?@=TF>CE!GA!TA@U!GD@AJCD!GDB!BEEB>GF=I!P=@=?A^BE!=G!GDB!DB=@G!AK!GDB!P@A_BQG4! "AT!GA!CF]B!=!]AF?!KA@<!TFGDAJG!KFIIF>C!FG!F>`!!"AT!GA!CF]B!=@QDFGBQGJ@=I!KA@<!GA!GDB! KA@<IBEE!=>?!GA!QD=IIB>CB!GDB!]B@;!=GGB<PG!GA!DAJEB!EJQD!<B<A@;`[ Wf !!$F:BEUF>?! B>GFGIB?!DFE!P@A_BQG!Z7BGTBB>!GDB!$F>BE8[!KA@!@B=EA>E!GD=G!DB!B^PI=F>E4! -!Q=II!FG!GDFE!:BQ=JEB!FG!FE!=!P@A_BQG!=:AJG!GTA!IF>BE!AK!GDF>UF>C8! A@C=>FY=GFA>8!=>?!@BI=GFA>EDFP\!!#>B!FE!=!EG@=FCDG!IF>B8!:JG!:@AUB>!F>GA! <=>;!K@=C<B>GEh!GDB!AGDB@!FE!=!GA@GJAJE!IF>B8!:JG!QA>GF>JF>C! F>?BKF>FGBI;g!%JGGF>C!GD@AJCD!GDB!KA@<!AK!GDB!6BTFED!*JEBJ<!FE!=! ]AF?8!=!EG@=FCDG!IF>B!TDAEB!F<PB>BG@=:FIFG;!KA@<E!GDB!QB>G@=I!KAQJE! =@AJ>?!TDFQD!GDB!B^DF:FGFA>E!=@B!A@C=>FYB?\!!->!A@?B@!GA!Q@AEE!K@A<! A>B!EP=QB!AK!GDB!<JEBJ<!GA!GDB!AGDB@8!GDB!]FEFGA@E!G@=]B@EB!EF^G;! :@F?CBE!GD=G!APB>!F>GA!GDB!]AF?!EP=QB!o!GDB!B<:A?F<B>G!AK!=:EB>QB\ We ! ! %A>GF>JF>C!TFGD!GDB!QA>QBPG!AK!IF>BE8!$F:BEUF>?VE!?BEFC>!B>QA<P=EEBE!GD@BB! J>?B@C@AJ>?!=^F=I!@AJGBE!GD=G!IB=?!F>!GD@BB!?FKKB@B>G!?F@BQGFA>E\!!5DB>!GDB!]FEFGA@! =@@F]BE!=G!GDB!:AGGA<!AK!GDB!EG=F@Q=EB8!TDFQD!IB=?E!GDB!]FEFGA@!K@A<!GDB!<JEBJ<VE! B>G@=>QB!F>GA!GDB!PB@<=>B>G!B^DF:FGFA>8!DB!<JEG!QDAAEB!TDFQD!@AJGB!GA!G=UB4!GDB! P=GD!GA!GDB!(G=F@!AK!%A>GF>JFG;8!GDB!P=GD!GA!GDB!+\)\&\!"AKK<=>!2=@?B>!AK!+^FIB!=>?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WX !&E!EG=GB?!F>!6=<BE!+\!3AJ>C8!F:F?!XS\!!3AJ>C!AKKB@E!F>EFCDG!F>GA!LJBEGFA>E!GD=G!<=;! D=]B!CJF?B?!GDFE!QA>QBPGJ=I!:@FBK!PJG!KA@GD!:;!7B@IF>!QFG;!PI=>>B@E\!!3AJ>C!EJCCBEGE8! Z&QQA@?F>C!GA!PI=>>B@E8!GDB!6BTFED!TF>C!TAJI?!:B!:AGD!=JGA>A<AJE!=>?!F>GBC@=GF]B8! GDB!?FKKFQJIG;!:BF>C!GA!IF>U!=!<JEBJ<!AK!QF]FQ!DFEGA@;!TFGD!GDB!=IGACBGDB@!J>QF]FI! G@B=G<B>G!AK!GD=G!QFG;VE!6BTEg!"AT!GA!?A!GDFE!F>!=!KA@<!GD=G!TAJI?!>AG!EJCCBEG! @BQA>QFIF=GFA>!=>?!QA>GF>JFG;`\\\!)DB!QA>QBPGJ=I!:@FBK!=IEA!QD=IIB>CB?!PAGB>GF=I! ?BEFC>B@E!GA!=QU>ATIB?CB!GDB!GB@@F:IB!]AF?!GD=G!<=?B!GDFE!<JEBJ<!>BQBEE=@;\[! Wf !6=<BE!+\!3AJ>C8!F:F?!XS\! We !/=>FBI!$F:BEUF>?8!F:F?!MW8!MS\! ! ! ! ! ! ! RS! +<FC@=GFA>8!A@!GDB!P=GD!GA!GDB!"AIAQ=JEG!]AF?\!!5DFIB!GDB!P=GDE!GDB<EBI]BE!=@B!>AG!EA! ?FEEF<FI=@8!GDB!B>?!AK!B=QD!@AJGB!AKKB@E!=!QA<PIBGBI;!?FEGF>QG!B^PB@FB>QB\!!)DB!(G=F@!AK! %A>GF>JFG;!IB=?E!GDB!]FEFGA@!JP!=!EGBBP!EBG!AK!EG=F@E!GA!GDB!EBQA>?!IB]BI!AK!GDB!:JFI?F>C\!! "B@B!FE!TDB@B!GDB!_AJ@>B;!F>GA!2B@<=>!6BTFED!DFEGA@;!:BCF>E8!=E!GDFE!QD=PGB@!TFII! @B]B=I!EDA@GI;\!!! )DB!EBQA>?!P=GD!IB=?E!GDB!]FEFGA@!GA!GDB!+\)\&\!"AKK<=>!2=@?B>!AK!+^FIB!=>?! +<FC@=GFA>\!!7B=@F>C!PD;EFQ=I!@BEB<:I=>QB!GA!+FEB><=>VE!@';640%3!&6!&/'!@*4('4'(! ?'$.!6A!:*468'9!TDFQD!TFII!:B!?FEQJEEB?!=G!C@B=G!IB>CGD!F>!GDB!>B^G!QD=PGB@8!GDB! AJGEF?B!C=@?B>!QA<<B<A@=GBE!GDAEB!TDA!TB@B!KA@QB?!GA!IB=]B!7B@IF>\!!)DFE! <=YBIFUB!EP=QB!FE!KFIIB?!TFGD!XO!G=II!PFII=@E!GD=G!=QG!=E!PI=>GB@E\!!)DB!J>?JI=GF>C! C@AJ>?!Q@B=GBE!=!?FYY;F>C!B^PB@FB>QB8!=E!]FEFGA@E!T=>?B@!GD@AJCD!GDB!JPEF?Ba?AT>! C=@?B>\!!5DFIB!:B=JGFKJI!=>?!K@FCDGB>F>C!=G!GDB!E=<B!GF<B8!GDB!C=@?B>!<F<FQE!GDB! B<AGFA>E!GD=G!GDAEB!7B@IF>B@E!TDA!TB@B!KA@QB?!K@A<!GDB!QFG;!<JEG!D=]B!KBIG\!!'>EJ@B! AK!GDBF@!KJGJ@B8!:JG!PAEEF:I;!DAPBKJI!AK!TD=G!<=;!QA<B8!GDFE!<B<A@;!EP=QB!P@A]F?BE! @AA<!KA@!=!<F^!AK!EB>E=GFA>E\! )DB!KF>=I!=^F=I!@AJGB!IB=?E!GA!GDB!"AIAQ=JEG!1AF?8!=!?B=?!B>?!TDB@B!]FEFGA@E! B>GB@!=!QAI?8!?=@U!QD=<:B@8!TDAEB!EG=@U!P@BEB>QB!FE!LJFGB!<A>J<B>G=I!A>!FGE!AT>\!! )DFE!]AF?!FE!Q@B=GB?!:;!A>B!AK!GDB!<=>;!QJGE!GD@AJCD!$F:BEUF>?VE!YFCaY=C!?BEFC>!=>?! @BP@BEB>GE!GDB!=:EB>QB!GD=G!FE!EA!Q@JQF=I!GA!GDB!<JEBJ<VE!B>GF@B!=@QDFGBQGJ@=I! P@AC@=<\!!5DFIB!GDB!KF@EG!GTA!P=GDE!IB=?!]FEFGA@E!GA!EP=QBE!GD=G!B<:A?;!QA>GF>J=GFA>8! ;BG!F<PI;!=>!F>B]FG=:IB!B>?8!GDFE!]AF?!FE!B^G@B<BI;!?BIF:B@=GB!F>!FGE!<BEE=CBh!FG! @BP@BEB>GE!=!KF>=I!EGAP!KA@!GDAEB!TDA!?F?!>AG!EJ@]F]B!GDB!"AIAQ=JEG\! ! ! ! ! ! ! RO! 5DFIB!$F:BEUF>?VE!<A>J<B>G!QA>EG@JQGE!=!ZPB@<=>B>G!=>?!PJ:IFQ! @BQAC>FGFA>[ Wc !AK!GDFE!=:EB>QB8!GDB!<JEBJ<VE!F>GB@FA@!B^DF:FGFA>!JGFIFYBE!=!<A@B! G@=?FGFA>=I!<JEBAIACFQ=I!<A?B!KA@!GDB!Q@B=GFA>!AK!QAIIBQGF]B!<B<A@;!=>?!GDB! ZgAKKB@kF>Cl!AK!G@=?FGFA>=I!<BGDA?E!AK!QJIGJ@=I!F?B>GFG;\[ WS !!)D@AJCD!=!QD@A>AIACFQ=I8! ?F?=QGFQ!=@@=>CB<B>G8!GDB!PB@<=>B>G!B^DF:FGFA>!=QU>ATIB?CBE!GDB!2B@<=>!6BTEV! QBIB:@=GB?!=>?!?FKKFQJIG!P=EG!o!GDB!DFCDE!=>?!IATE!AK!GDB!GDBF@!_AJ@>B;!GA!A>B!?=;! AQQJP;!GDB!QFG;!AK!7B@IF>\!!+?T=@?!]=>!1AAIB>8!=JGDA@!AK!GDB!GB^G!Z0@A<!)F<B!GA! 9I=QB4!(D=PF>C!*B<A@;!F>!6J?=FE<8[!B^PI=F>E!GD=G!GDB!E;>=CACJB8!TFGD!FGE!TBBUI;! (=::=GD!=>?!;B=@I;!QBIB:@=GFA>E8!T=E!A>QB!GDB!UBBPB@!AK!Z6BTFED!QAIIBQGF]B!<B<A@;8[! J>GFI!GDB!<JEBJ<!:BC=>!GA!G=UB!A]B@!GDFE!@AIB!F>!GDB!I=GB!>F>BGBB>GD!QB>GJ@;\ WO !! *JEBJ<E!=IEA!:BQ=<B!=!QA>?JFG!KA@!6BTE!GA!Z_JEGFK;!GDB<EBI]BE!=>?!GDBF@!PI=QB!F>! EAQFBG;g!6BTFED!<JEBJ<E8!EAA>!P@BEB>G!F>!<AEG!I=@CB@!+J@APB=>!QFGFBE8!B<PD=EFYB?! GDB!CIA@FAJE!P=EG8!IFUB!GDB!2AI?B>!&CB!AK!(P=>FED!6BT@;!:BKA@B!GDB!B^PJIEFA>!=>?! (P=>FEDa9A@GJCJBEB!6BTE!F>!&<EGB@?=<g\[ XN !!5DFIB!GDB!6BTFED!*JEBJ<!7B@IF>VE! PB@<=>B>G!QAIIBQGFA>!?ABE!DFCDIFCDG!QBIB:@=GB?!<A<B>GE!=>?!B]B>!GF<B!PB@FA?E!AK! GDB!7B@IF>!6BTFED!QA<<J>FG;8!D=@ED!@B=IFGFBE!=EEAQF=GB?!TFGD!GDB!DFEGA@;!AK!GDB! 6BTFED!PBAPIB!GD@AJCDAJG!GDB!QFG;!=@B!QB@G=F>I;!>AG!FC>A@B?\!!! &E!A>B!:BCF>E!DFE!GAJ@!AK!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!=@QDFGBQGJ@B!=>?! P@AC@=<<=GFQ!P@BEB>G=GFA>!=@B!F>!E;>Q\!!&KGB@!?BEQB>?F>C!GDB!ED=@P!EG=F@Q=EB!F>GA! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Wc !,=IPD!,JCAKK8!F:F?!X\! WS !&>?@B=E!"J;EEB>8!F:F?!MMaMW\! WO !/=>FBI!$F:BEUF>?8!F:F?!MW8!MS\! XN !+?T=@?!]=>!1AAIB>8!Z0@A<!)F<B!GA!9I=QB4!(D=PF>C!*B<A@;!F>!6J?=FE<8[!F>!?'$0./! B('#&0&+!0#!G6#&';864%4+!-41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?!+?T=@?!]=>!1AAIB>! b7B@IF>4!9@BEGBI8!MNNXd8!Re\! ! ! ! ! ! ! MN! TD=G!$F:BEUF>?VE!I=:BIE!GDB!ZGD@BB!J>?B@C@AJ>?!=^F=I!@AJGBE[ XR !GDB!]FEFGA@!FE!<BG!:;! >J<B@AJE!=@GFK=QGE!AK!"AIAQ=JEG!]FQGF<E!=>?!EJ@]F]A@E\!!)DB!CI=EEaB>Q=EB?!?FEPI=;E! AKKB@!:@FBK!B^PI=>=GFA>E!AK!B=QD!A:_BQG8!TDFQD!TA@U!GACBGDB@!GA!>=@@=GB!GDB!PB@EA>=I! DA@@A@E!GD=G!TB@B!EA!=:J>?=>G!?J@F>C!GDFE!B@=\!!->!=??FGFA>!GA!GDFE!?F?=QGFQ!=PP@A=QD! GA!GDB!@BP@BEB>G=GFA>!AK!"AIAQ=JEG!<B<A@;8!GDB!<JEBJ<!P@BEB>GE!=!QDFI?aK@FB>?I;! IB=@>F>C!QB>GB@!KJII!AK!QA<PJGB@E!=>?!EDA@G!KFI<E\!!)D@AJCD!GDB!JEB!AK!B^QFGF>C! GBQD>AIAC;8!GDB!,=K=BI!,AGD!$B=@>F>C!%B>GB@!FE!EJ@BI;!<B=>G!GA!Q=PGJ@B!GDB! QDFI?@B>VE!QJ@FAEFG;!=:AJG!GDFE!D=@ED!EJ:_BQG\! 0@A<!6JI;!MNNS!GA!0B:@J=@;!MNNO8!=!GB<PA@=@;!B^DF:FGFA>8!Z)AG=II;!*=>AIF!o! .A!9@A:IB<q!6BTFED!+>G@BP@B>BJ@E!F>!GDB!2B@<=>!%FC=@BGGB!->?JEG@;8[!EFGB?!F>!GDB! B>G@;T=;!AK!GDB!IB=@>F>C!QB>GB@8!P@BEB>GB?!=!QA>QFEB!F>G@A?JQGFA>!F>GA!GDB!2B@<=>! GA:=QQA!F>?JEG@;!P@Ba5A@I?!5=@!--\!!)DB!:@FBK!IAAU!F>GA!GDB!6BTEV!F>]AI]B<B>G!F>!GDB! P@AIFKB@=GFA>!AK!GDFE!F>?JEG@;!:@AJCDG!GA!IFCDG!GDB!P@B_J?FQB!B>QAJ>GB@B?!:;!GDB! 6BTFED!QA<<J>FG;!B]B>!TDB>!FG!T=E!EJQQBEEKJII;!QA>G@F:JGF>C!GA!GDB!2B@<=>! BQA>A<;\!!)DB!>AGFA>E!AK!P@B_J?FQB8!?FEQ@F<F>=GFA>8!F>BLJFG;8!=>?!@=QFE<!=@B! B^PAEB?!GD@AJCDAJG!GDB!<JEBJ<VE!B>GF@B!PB@<=>B>G!B^DF:FGFA>\! )DB!PB@<=>B>G!B^DF:FGFA>!QA>GF>JBE!=E!A>B!=EQB>?E!JP!=>AGDB@!ED=@P! EG=F@Q=EB!GA!GDB!EBQA>?!IB]BI!AK!$F:BEUF>?VE!>BT!EG@JQGJ@B\!!Z)TA!*FIIB>>F=!AK! 2B@<=>!6BTFED!"FEGA@;[!FE!K@=C<B>GB?!F>GA!KAJ@GBB>!EBQGFA>E!GD@AJCDAJG!GDB!KF@EG! GTA!IB]BIE!AK!GDB!>BT!:JFI?F>C\!!)DB!B^DF:FGFA>!:BCF>E!A>!GDB!GAP!IB]BI8!IB]BI!M8!TFGD! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XR !/=>FBI!$F:BEUF>?8!Z6BTFED!*JEBJ<!7B@IF>4!7BGTBB>!GDB!$F>BE8!ROSS8!ROORaOO8[!F>! I%#0'3!Y0D'.Z0#(!%#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./!-41/0&'1&*4'!A46;! )'430#!&6!H%#!<4%#10.169!B?\!%A>>FB!5AIK!b.BT!3A@U4!,FYYAIF!->GB@>=GFA>=I! 9J:IFQ=GFA>E8!MNNSd8!e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o!6BTFED!2B@<=>E8!9B@EBQJGFA>!o!,BEFEG=>QB!o! +^GB@<F>=GFA>8!=>?!KF>=II;8!GDB!9@BEB>G\! +=QD!AK!GDB!KAJ@GBB>!EBQGFA>E!AK!Z)TA!*FIIB>>F=[!KAIIATE!GDB!E=<B!KA@<=G!=E! GDB!I=EG\!!)D@AJCD!GDB!JEB!AK!:IAT>!JP!PFQGJ@BE8!PB?=CACFQ=I!GB^G8!=>?!EA<B!]F?BA8! GDB!F>Q@B?F:I;!?B>EB!B^DF:FGFA>!=GGB<PGE!GA!EIATI;!CJF?B!GDB!]FEFGA@!GD@AJCD!;B=@E!AK! 2B@<=>!6BTFED!DFEGA@;\!!)DB!B^DF:FGFA>!=>?!=@QDFGBQGJ@B!P@BEB>G!APPAEF>C!<BEE=CBE! =E!GDB!]FEFGA@!T=>?B@E!GD@AJCDAJG!GDB!:JFI?F>C8!DATB]B@\!!&G!GDB!E=<B!GF<B!GD=G!GDB! B^DF:FGFA>!TA@UE!GA!:@F>C!GA!IFKB!GDB!<FIIFA>E!AK!2B@<=>!6BTE!GD=G!A>QB!AQQJPFB?!GDB! 2B@<=>!I=>?8!GDB!=@QDFGBQGJ@B!B<PD=EFYBE!GDB!PD;EFQ=I!B<PGF>BEE!Q@B=GB?!:;!GDBF@! =:EB>QB\!!&>?!TDFIB!GDB!F>KA@<=GFA>!P@BEB>GB?!GD@AJCDAJG!GDB!PB@<=>B>G! B^DF:FGFA>!?ABE!FIIJEG@=GB!=>!F>Q@B?F:I;8!=>?!AKGB>!GF<BE!A]B@I;8!GDA@AJCD!DFEGA@FQ=I! =QQAJ>G!AK!GDB!2B@<=>!6BTE8!GDB!=@QDFGBQGJ@BVE!:AI?!EG=GB<B>GE!]FEF:IB!=IA>C!GDB! B^DF:FGFA>VE!P=GD!EBB<!GA!A]B@PATB@!GDB!QD@A>AIACFQ=I!>=@@=GF]B\! )DB!F?B=!GD=G!=:EB>QB!FE!EA!Q@JQF=I!GA!=!PD;EFQ=I!<=>FKBEG=GFA>!AK!7B@IF>VE! 6BTFED!DFEGA@;!FE!F>!EG=@U!QA>G@=EG!GA!$F:BEUF>?VE!?BEFC>!KA@!GDB!6BTFED!*JEBJ<!F>! (=>!0@=>QFEQA\!)DB!:JFI?F>C!?ABE!>AG!EBBU!GA!<B<A@F=IFYB!GDB!QA<<J>FG;VE!P=EGh! @=GDB@8!FG!TA@UE!GA!=EEB@G!=!PI=QB!KA@!GDB!P@BEB>G!6BTFED!QA<<J>FG;!F>!(=>! ! ! ! ! ! ! MM! 0@=>QFEQAVE!<A?B@>!IFKB\!!'>IFUB!GDB!7B@IF>!6BTFED!QA<<J>FG;8!GDB!6BTE!AK!GDB!(=>! 0@=>QFEQA!7=;!&@B=!D=]B!>AG!B^PB@FB>QB?!GDB!@BPB=GB?!D=@?EDFPE!GD=G!Q=<B!TFGD! :BF>C!6BTFED!F>!2B@<=>;\!!,=GDB@8!GDB!(=>!0@=>QFEQA!6BTFED!QA<<J>FG;!B>?J@B?!GDB! E=<B!EJKKB@F>C!=E!GDB!AGDB@!PAPJI=GFA>E!GD=G!QDAEB!GA!EBGGIB!F>!GDFE!=@B=\!!.A!@=QB!A@! @BIFCFA>!T=E!KA@GJ>=GB!B>AJCD!GA!=]AF?!GDB!C@F<!PB@FA?!U>AT>!=E!GDB!%=IFKA@>F=!2AI?! ,JED!A@!GDB!?B]=EG=GF>C!RONe!(=>!0@=>QFEQA!B=@GDLJ=UB!=>?!KF@B\!!*FQD=BI! (QDT=@YB@8!=JGDA@!AK!GDB!GB^G!Z)AT=@?!=!%=IFKA@>F=!6J?=FE<8[!B<PD=EFYBE8!! /@=T>!:;!GDB!2AI?!,JED8!6BTE!Q=<B!GA!%=IFKA@>F=!F>!I=@CB!>J<:B@E!_JEG!TDB>! AGDB@!PBAPIBE!K@A<!=@AJ>?!GDB!CIA:B!TB@B!=@@F]F>C\!!&E!PFA>BB@E8!GDB;! P@AEPB@B?\!!.ATDB@B!BIEB!F>!GDB!TA@I?!o!>AG!7=:;IA>!>A@!,A<B!>A@!(BPD=@?! >A@!&EDUB>=Y!o!D=?!EA!<=>;!6BTE!P=@GFQFP=GB?!F>!GDB!QA<<B@QF=I! ?B]BIAP<B>G!AK!=!QFG;!=>?!>AG!:BB>!QA>EFC>B?!GA!I=EGF>C!EBQA>?aQI=EE!EG=GJE\!! -G!<JEG!:B!E=F?!GD=G!=<F?!GDB!IA>C!DFEGA@;!AK!TA@I?TF?B!6BTFED!PB@EBQJGFA>8! (=>!0@=>QFEQA!=>?!%=IFKA@>F=!EG=>?!=E!:IBEEB?!=>A<=IFBE\ XM ! ! $F:BEUF>?VE!?BEFC>!KA@!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<!Q=PFG=IFYBE!AKK!GDFE! PAEFGF]FE<\!!(F<FI=@!GA!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<! FE!<=?B!JP!AK!:AGD!DFEGA@FQ!=>?!>BT!QA>EG@JQGFA>\!!)DB!eW8NNN!ELJ=@B!KAAG! %A>GB<PA@=@;!6BTFED!*JEBJ<!QA>EFEGE!AK!=!RONc!9=QFKFQ!2=E!n!+IBQG@FQ!PATB@! EG=GFA>8!=E!TBII!=E!GTA!<A?B@>!:IJBaEGBBI!EG@JQGJ@BE!GD=G!KA@<!GDB!"B:@BT!IBGGB@E!AK! GDB!TA@?!ZQD=F8[!GDB!"B:@BT!TA@?!KA@!IFKB\!!)DB!?F=IACJB!:BGTBB>!$F:BEUF>?VE!>BT! QA>EG@JQGFA>!=>?!GDB!DFEGA@FQ!EG@JQGJ@B!KJ@GDB@!DFCDIFCDGE!GDFE!>AGFA>!AK!IFKBh!KA@! ?BQ=?BE!GDB!92n+!PATB@!PI=>G!T=E!@BEPA>EF:IB!KA@!IFGB@=II;!:@F>CF>C!PATB@!=>?! B>B@C;!o!IFKB!o!GA!GDB!QFG;!AK!(=>!0@=>QFEQA\!!0@A<!GDB!GF<B!AK!FGE!@B?B]BIAP<B>G!F>! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XM !*FGQDBII!(QDT=@YB@8!Z)AT=@?!=!%=IFKA@>F=!6J?=FE<8[!F>!I%#0'3!Y0D'.Z0#(!%#(!&/'! G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6!H%#!<4%#10.169! B?\!%A>>FB!5AIK!b.BT!3A@U4!,FYYAIF!->GB@>=GFA>=I!9J:IFQ=GFA>E8!MNNSd8!XNaXR\! ! ! ! ! ! ! MW! RONc!J>GFI!ROeS!TDB>!FG!T=E!?B=QGF]=GB?8!GDB!PATB@!EG=GFA>!P@A]F?B?!(=>!0@=>QFEQA! TFGD!GDB!=:FIFG;!GA!:BQA<B!=!GD@F]F>C!<A?B@>!QFG;\!!! (PB=UF>C!GA!GDB!?BQFEFA>!GA!JGFIFYB!=>!DFEGA@FQ=I!PFBQB!AK!=@QDFGBQGJ@B!=E!GDB! EG=@GF>C!PAF>G!KA@!GDB!:JFI?F>C!AK!GDB!<JEBJ<8!%A>>FB!5AIK8!/F@BQGA@!=>?!%DFBK! +^BQJGF]B!#KKFQB@!AK!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<!B^PI=F>E8!Z9@A]F?F>C!=! QA>GB<PA@=@;!PB@EPBQGF]B!A>!DFEGA@;8!IBGGF>C!DFEGA@;!QA<B!=IF]B!=>?!F>KA@<!GDB! P@BEB>G8!=>?!@BQAC>FYF>C!GD=G!QA>GB<PA@=@;!IFKB!FE!?BBPI;!@AAGB?!F>!DFEGA@;!=@B! ]=IJBE!GD=G!=@B!QB>G@=I!GA!6BTFED!GDAJCDG\[ XW !!+?T=@?!,AGDEGBF>!AK!GDB!F'$![64Z! O0;'.!:BIFB]BE!$F:BEUF>?VE!?BEFC>!KA@!GDB!(=>!0@=>QFEQA!<JEBJ<!GA!P@BEB>G!=! PD;EFQ=I!F?B>GFG;!AK!GDB!7=;!&@B=!6BTE!GD=G!FE!IBEE!QA>QB@>B?!=:AJG!GDBF@!EPBQFKFQ! DFEGA@;!=>?!<A@B!KAQJEB?!A>!=!ZD;PDB>=GB?!&<B@FQ=>!F?B>GFG;\\\!!)DB!<JEBJ<8!IFUB! FGE!=J?FB>QB8!FE!F>GB@BEGB?!F>!=EEF<FI=GFA>8!B]B>!F>!T=;E!F>!TDFQD!GDB!I=@CB@!QJIGJ@B! =EEF<FI=GBE!6BTFED!F?B=E!=>?!=EEAQF=GFA>E\!!-G!KAQJEBE!>AG!A>!GDB!EJ:EG=>QB!AK! 6J?=FE<8!FGE!I=TE8!A@!DFEGA@;!A@!@FGJ=I!A:_BQGE8!:JG!A>!PB@QBPGFA>E!AK!GDB<\[ XX !!!! 5DFIB!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<!<=;!K=]A@!GDB!P@BEB>G=GFA>!AK!GDB! =@GFEGVE!F>GB@P@BG=GFA>!AK!GDB!6BTFED!PBAPIB!A]B@!=!QD@A>AIACFQ=I!P@BEB>G=GFA>!AK!GDBF@! DFEGA@FQ=I!>=@@=GF]B!GD@AJCDAJG!GDB!7=;!&@B=8!GDB!>AGFA>!GD=G!GDB!F>GB@BEG!F>! =EEF<FI=GFA>!FE!:BDF>?!GDB!@B=EA>F>C!KA@!GDFE!F>EGFGJGFA>=I!?BQFEFA>!<=;!:B!GAA! EB]B@B\!!&QQJIGJ@=GFA>!<=;!:B!GDB!<A@B!=PP@AP@F=GB!GB@<!TDB>!?BEQ@F:F>C!GDB!7=;! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XW !%A>>FB!5AIK8!Z9@BK=QB8[!I%#0'3!Y0D'.Z0#(!%#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,! F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6!H%#!<4%#10.169!B?\!%A>>FB!5AIK!b.BT!3A@U4! ,FYYAIF!->GB@>=GFA>=I!9J:IFQ=GFA>E4!MNNSd8!We\! XX !+?T=@?!,AGDEGBF>8!Z*JEBJ<VE!1FEFA>4!5BEG!%A=EG!9=@=?FEB8[!O/'!F'$![64Z!O0;'.9!! O!6J>B!MNNS8!+\R\! ! ! ! ! ! ! MX! &@B=!6BTFED!QA<<J>FG;VE!@BI=GFA>EDFP!GA!GDB!I=@CB@!@BCFA>=I!PAPJI=GFA>\!!)DB! <JEBJ<!FGEBIK!FE!=!GBEG=<B>G!GA!GDB!QA<<J>FG;VE!?BEF@B!GA!?FEGF>CJFED!FGEBIK!=E!=! J>FLJB8!?FEGF>CJFED=:IB!C@AJP!AK!PBAPIB!GD=G!KJ>QGFA>E!=E!=!P=@G!AK!GDB!C@B=GB@!TDAIB\! 7=;!&@B=!=@QDFGBQG!5FIIFE!9AIU!T=E!@BEPA>EF:IB!KA@!GDB!@B:JFI?F>C!AK!GDB! PATB@!PI=>G!F>!RONc!=>?!$F:BEUF>?!PAEFGFA>E!9AIUVE!QBIB:@=GB?!EAJGDaK=QF>C!:@FQU! K=r=?B!=G!GDB!QB>GB@!AK!DFE!AT>!?BEFC>\ Xf !!(FGB?!F>!GDB!@B?B]BIAPB?!(AJGD!AK!*=@UBG! ?FEG@FQG!@BKB@@B?!GA!=E!3B@:=!7JB>=8!$F:BEUF>?VE!:IJBaQI=?!EGBBI!EG@JQGJ@BE8! QA>EG@JQGB?!F>!GDB!ED=PB!AK!GDB!"B:@BT!IBGGB@E!ZQDBG[!=>?!Z;J?8[!:AIG!F>GA!GDB!EU;\!! Zk)DB!:JFI?F>CVEl!:AI?!%D=F!B<B@CBE!K@A<!GDB!DAIIATB?!AJG!QA@B!AK!GDB!AI?!PATB@! EJ:EG=GFA>g!-K!9AIUVE!EAJGD!K=r=?B!B^P@BEEB?!GDB!DFCDBEG!=BEGDBGFQ!]=IJBE!AK!GDB!%FG;! 7B=JGFKJI!*A]B<B>G8!$F:BEUF>?VE!C@=]FG;a?BK;F>C!:IAQUE!@FEF>C!=:A]B!FG!=>>AJ>QBE! GDB!B<B@CB>QB!AK!=!>BT!=>?!J>P@B?FQG=:IB!P@BEB>QB!F>!GDB!K=:@FQ!AK!GDB!QFG;\[ Xe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f !9AIUVE!PATB@!EG=GFA>!T=E!?BEFC>=GB?!=!DFEGA@FQ=I!I=>?<=@U!-!ROce8!;BG!GDB! DFEGA@FQ=I!:@FQU!T=IIE!GD=G!B>QIAEB!$F:BEUF>?VE!>BT!QA>EG@JQGFA>!=@B!GDB!A>I;! BIB<B>GE!GD=G!@B<=F>!K@A<!GDB!RONc!:JFI?F>C\! Xe !*FGQDBII!(QDT=@YB@8!F:F?!XRaXM\! ! ! ! ! ! ! Mf! PI=QB!cf!;B=@E!=KGB@!GDB!APB>F>C!AK!GDB!A@FCF>=I!6BTFED!*JEBJ<!F>!7B@IF>8!5AIK! QA>EF?B@E!GDFE!Z<FIBEGA>Bg!GA!:B!F>KA@<B?!:;!<B<A@;!=>?!KJBIB?!:;!=!QAIIBQGF]B! :BIFBK!F>!GDB!KJGJ@B\[ Xc !!7AGD!GDB!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!AK!GDB! %A>GB<PA@=@;!6BTFED!*JEBJ<!JGFIFYB!Zg<B<A@;!?FEQAJ@EBEg!GA!F<=CF>B!GDB!KJGJ@B! =>?!GA!@BC=F>!=!EG@A>C!GB<PA@=I!=>?!EP=GF=I!C@AJ>?F>C!AK!IFKB!=>?!GDB! F<=CF>=GFA>g\[ XS !!5DFIB!GDB!6BTFED!*JEBJ<!7B@IF>!P@BEB>GE!=!]B@;!?BKF>B?!=>?! ?F?=QGFQ!=PP@A=QD!GA!GDB!P@A<PGF>C!AK!<B<A@;8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<! P@A]F?BE!<A@B!:@B=GDF>C!@AA<!KA@!FGE!]FEFGA@E!GA!@BKIBQG!JPA>!GDB!P=EG!F>!A@?B@!GA! PB@QBF]B!AK!GDB!KJGJ@B\!! )DB@B!=@B!GTA!PAF>GE!AK!B>G@;!F>GA!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<4! GD@AJCD!GDB!:IJBaQI=?!;J?8!TDFQD!G=UBE!GDB!]FEFGA@!F>GA!GDB!<JEBJ<!EGA@B8!A@! GD@AJCD!9AIUVE!C@=>?!:@FQU!K=r=?B\!!)DB!DFEGA@FQ!B>G@=>QB!IB=?E!GDB!]FEFGA@!F>GA!GDB! HA@BGa)=J:!2@=>?!$A::;\!!#PPAEFGB!GDB!:@FQU!T=II!FE!GDB!TDFGB!EJ@K=QB!AK!GDB!F>GB@FA@! QDBG\!!)DB!"B:@BT!TA@?!ZP=@?BE8[!IFGB@=II;!<B=>F>C!Z=!C=@?B>!:B;A>?8[!A]B@G=UBE! GDB!TDFGB!T=ED8!=?<FGGF>C!GA!GDB!]FEFGA@8!=E!GDB!TA@?!FGEBIK!?ABE8!GD=G!GDB@B!FE!>A!A>B! B^=QG!QAJ@EB!KA@!J>?B@EG=>?F>C!6J?=FE<!A@!GDB!<JEBJ<!FGEBIK\ XO ! &KGB@!IB=]F>C!GDB!IA::;!=@B=8!GDB!]FEFGA@!<=;!QA>GF>JB!JP!GDB!EG=F@E!GA!GDB! (GBPDB>!n!*=@F:BIIB!$B=]FGG!i3J?Vj(PBQF=I!+]B>GE!2=IIB@;!=>?!GDB!HAEDI=>?!2=IIB@;\!! &IA>C!TFGD!GDB!2@=>?!$A::;8!GDB!KF@EG!KIAA@!AK!GDB!<JEBJ<!DAJEBE!GDB!%=Ks!A>!GDB! (LJ=@B8!GDB!<JEBJ<!EGA@B8!=!E<=II!C=IIB@;!EP=QB8!=>?!=!>=@@AT!D=II!QA>G=F>F>C!=!IA>C! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Xc !%A>>FB!5AIK8!F:F?!Wc\! XS !&>?@B=E!"J;EEB>8!F:F?!e\! XO !*FGQDBII!(QDT=@YB@8!F:F?!XW\! ! ! ! ! ! ! Me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cNVE\! #>!?FEPI=;!=@AJ>?!GDB!E=<B!GF<B!=E!GDB!5=@DAI!EDAT!T=E!GDB!B^DF:FGFA>!Z->! GDB!7BCF>>F>CE4!&@GFEGE!,BEPA>?!GA!2B>BEFE[!F>!GDB!HAEDI=>?!2=IIB@;\!!Z->!GDB! 7BCF>>F>CE[!=IEA!P@BEB>GB?!=!<A?B@>a?=;!G=UB!A>!6BTFED!GDAJCDG8!=E!EB]B>! QA>GB<PA@=@;!=@GFEGE!TA@UF>C!F>!=!PIBGDA@=!AK!<B?FJ<E!F>GB@P@BGB?!GDB!EGA@;!AK! Q@B=GFA>\!!&??FGFA>=II;8!GDB!EDAT!F>QIJ?B?!TA@UE!K@A<!GDB!,B>=FEE=>QB!PB@FA?Eh!RS GD ! =>?!RO GD !QB>GJ@;!TA@UE!:;!2FA]=>>F!7=GGFEG=!)FBPAIA!=>?!5FIIF=<!7I=UBh!=>?!<A?B@>! =>?!QA>GB<PA@=@;!TA@UE!:;!&JCJEGB!,A?F>8!*=@Q!%D=C=II\!!#>!GDB!EBQA>?!KIAA@!AK! GDB!<JEBJ<8!GDB!c8NNNaELJ=@BaKAAG!HAEDI=>?!2=IIB@;!QA<:F>BE!DFEGA@FQ=I!=>?! QA>GB<PA@=@;!BIB<B>GE8!_JEG!=E!GDB!EDAT!B^DF:FGB?!F>!FGE!EP=QB\!!#@FCF>=I!9ATB@! (J:EG=GFA>!G@JEEBE!=>?!EU;IFCDGE!@BP@BEB>G!Zg!=!PD;EFQ=I!<=>FKBEG=GFA>!AK!GDB! *JEBJ<VE!<FEEFA>8!:@F>CF>C!GACBGDB@!G@=?FGFA>!=>?!F>>A]=GFA>h!P=EG8!P@BEB>G8!=>?! KJGJ@B8[ fN !=QQA@?F>C!GA!GDB!<JEBJ<VE!TB:EFGB\! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! fN !Z.BT!7JFI?F>C8!HAEDI=>?!2=IIB@;8[!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQA>GB>GnG=EUm]FBTn]FBTm=@GFQIBn F?mXf!b=QQBEEB?!0B:@J=@;!MNNOd\! ! ! ! ! ! ! Mc! &IEA!A>!GDB!EBQA>?!KIAA@!FE!GDB!(GBPDB>!n!*=@F:BIIB!$B=]FGG!i3J?V!2=IIB@;\!!)DFE! F>]B>GF]B!EP=QB!AKKB@E!=!efaKAAG!QBFIF>C8!?@=<=GFQ=II;!=>CIB?!T=IIE8!=>?!We!?F=<A>?a ED=PB?!EU;IFCDGE\!!Z6AD>!uA@>!9@BEB>GE!GDB!&IBPDa7BG!(AJ>?!9@A_BQG8[!TDFQD!T=E! B^DF:FGB?!GD@AJCD!0B:@J=@;!R8!MNNO8!T=E!=!<JEFQ=I!B^PIA@=GFA>!GD@AJCD!=!Zg! H=::=IFEGFQ!P@F>QFPIB!GD=G!GDB!=>QFB>G!"B:@BT!=IPD=:BG!FE!=!EPF@FGJ=I!GAAI!KJII!AK! DF??B>!<B=>F>C!=>?!D=@<A>;\[ fR !!5DFIB!GDB!EJ>!KFIIB?!EP=QB!T=E!IBKG!B<PG;!KA@!GDFE! B^DF:FGFA>8!GDB!EAJ>?E!:;!IB=?F>C!<JEFQF=>E!=>?!QA<PAEB@E!D=?!>A!?FKKFQJIG;!KFIIF>C! GDB!A]B@PATB@F>C!EP=QB\! 7=QU!A>!GDB!KF@EG!KIAA@8!Z!i7BF>C!6BTFEDV4!&!7=;!&@B=!9A@G@=FG8[!QA>GF>JBE!GA!KFII! GDB!IA>C!?FEPI=;!Q=EB!F>!GDB!>=@@AT!D=IIT=;!GAT=@?E!GDB!@B=@!AK!GDB!:JFI?F>C\!!)DFE! <J@=I!AK!PDAGAE!=>?!A:_BQGE!FE!=!G@JB!QA<<J>FG;!P@BEB>G=GFA>!AK!GDB!7=;!&@B=! 6BTFED!QA<<J>FG;8!:AGD!P=EG!=>?!P@BEB>G8!=E!GDB!B^DF:FGFA>!FE!GDB!@BEJIG!AK!=! QA<<J>FG;aTF?B!Q=II!KA@!PDAGAE!GD=G!=EUB?!GDB!LJBEGFA>8!Z5D=G!?ABE!:BF>C!6BTFED!F>! GDB!7=;!&@B=!<B=>!GA!;AJ`[ fM !!&G!GDB!B>?!AK!GDFE!D=IIT=;8!GDB!(GA@;%A@PE!(GA@;7AAGD! D=E!EBG!JP!EDAP!EF>QB!GDB!:BCF>>F>C!AK!#QGA:B@!MNNS!F>!GDB!(=I=!5B::!+?JQ=GFA>! %B>GB@\!!(GA@;%A@PE!FE!GDB!I=@CBEG!A@=I!DFEGA@;!P@A_BQG!AK!FGE!UF>?!=>?!GDB! %A>GB<PA@=@;!6BTFED!*JEBJ<!FE!GDB!KF@EG!<JEBJ<!F>!GDB!QAJ>G@;!GA!DAEG!GDB! (GA@;7AAGD\!!)DB!(GA@;%A@PE!(GA@;7AAGD!P@A]F?BE!GDB!APPA@GJ>FG;!KA@!K=<FI;! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! fR !6AD>!uA@>!9@BEB>GE!GDB!&IBPDa7BG!(AJ>?!9@A_BQG8[!%A>GB<PA@=@;!6BTFED!*JEBJ<8! MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQQB]B>GEnEQAPBmB^:GnG=EUm?BG=FI nAF?mW!b=QQBEEB?!0B:@J=@;!MNNOd\! fM !Z!i7BF>C!6BTFEDV4!&!7=;!&@B=!9A@G@=FG8[!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQQB]B>GEnEQAPBmB^:GnG=EUm?BG=FI nAF?mMe!b=QQBEEB?!0B:@J=@;!MNNOd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g!B<:@=QF>C!<JIGFPIB! F>GB@P@BG=GFA>E!=>?!I=;B@E!AK!<B=>F>C[ fW !GA!P@BEB>G!=!QA>GB<PA@=@;!PB@EPBQGF]B!AK! 6BTFED!QJIGJ@B8!F>!FGE!P=EG!=>?!P@BEB>G!KA@<8!=E!FG!@BI=GBE!GA!GDB!I=@CB@!7=;!&@B=! QA<<J>FG;\!!(JB!0F>UB@DAKK8!=JGDA@!AK!GDB!@'&46!C'.&!?'$0./!F'$.!=@GFQIB!Z6BTFED! *JEBJ<!#T>E!.A!&@G8!0AQJEBE!#>!-?B=E8[!EG=GBE!GD=G!ZGDB!=@G!FGEBIK!FE>VG!GDB!KAQJE!EA! <JQD!=E!GDB!QA>]B@E=GFA>E!GD=G!=@G!B>CB>?B@E!=>?!GDB!QA<<J>FG;!GD=G!5AIK!kGDB! <JEBJ<!?F@BQGA@l!=>?!DB@!EG=KK!DAPB!GA!Q@B=GB!K@A<!GDAEB!QA>]B@E=GFA>E\[ fX !)DB! Z<B<A@;!?FEQAJ@EBE[!P@BEB>G!GD@AJCDAJG!GDB!<JEBJ<!=@B!>AG!<B=>G!GA!EG=C>=GB!=! P=@GFQJI=@!]FBT!A@!>=@@=GF]B!AK!GDFE!QA<<J>FG;h!@=GDB@8!GDB;!AKKB@!GDB!]FEFGA@!GDB! APPA@GJ>FG;!GA!QA>GB<PI=GB!GDFE!ZIF]F>C!<B<A@;[!A>!DFE!AT>!GB@<E\!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! fW !Z.BT!7JFI?F>C8!)DB!i9=,/B(V!5=II8[!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQA>GB>GnG=EUm]FBTn]FBTm=@GFQIBn F?mXf!b=QQBEEB?!0B:@J=@;!MNNOd\! fX !(JB!0F>UB@DAKK8!Z6BTFED!*JEBJ<!#T>E!.A!&@G8!0AQJEBE!#>!-?B=E8[!O/'!@'&46!C'.&! ?'$0./!F'$.9!]AI\!eM!b6J>B!MNNSd4!WW\! ! ! ! ! ! ! MO! )DB!%A>GB<PA@=@;!6BTFED!*JEBJ<!?ABE!>AG!?BKF>B!GDB!6BTEV!B^=QG!PI=QB! TFGDF>!7=;!&@B=!DFEGA@;8!>A@!?ABE!FG!IFB!AJG!=!?FEGF>QG!PI=QB!KA@!GDFE!QA<<J>FG;!F>!GDB! KJGJ@Bh!@=GDB@8!GDB!<JEBJ<VE!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!TA@U!GACBGDB@! GA!Q@B=GB!=!EP=QB!TDB@B!GDB!>AGFA>!AK!6J?=FE<8!=>?!GDB!6BTFED!QA<<J>FG;8!Q=>!:B! B^PIA@B?8!LJBEGFA>B?8!=>?!PAEEF:I;!:BGGB@!J>?B@EGAA?!=E!=!IF]F>C8!:@B=GDF>C!PFBQB!AK! GDB!7=;!&@B=VE!QJIGJ@=I8!EAQF=I8!=>?!PD;EFQ=I!K=:@FQ\!!5DFIB!GDB!6BTFED!*JEBJ<! 7B@IF>VE!:=EFE!KA@!:BF>C!?ABE!>AG!P=@=IIBI!GD=G!AK!GDB!(=>!0@=>QFEQA!<JEBJ<8!FGE! =@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!?A!:@F>C!GA!IFKB!=>!=:J>?=>QB!AK!<B<A@FBE! =EEAQF=GB?!TFGD!GDB!<J@?B@!=>?!B^PJIEFA>!AK!GDB!QFG;VE!6BTFED!QA<<J>FG;8!TDFQD! 6=<BE!+\!3AJ>C8!=JGDA@!AK!GDB!GB^G!Z/=>FBI!$F:BEUF>?VE!.BT!6BTFED!&@QDFGBQGJ@B8[! F<PIFBE!=E!GDB!Zg!EF>CIB!C@B=GBEG!F>KIJB>QB!A>!GDB!QFG;g\[ ff !!,BKB@@F>C!GA!=!GB^G!:;!,AIK! 7AGDB8!=!KA@<B@!?F@BQGA@!AK!GDB!7B@IF>!*JEBJ<8!=>?!1B@=!7B>?G8!=!KA@<B@!?F@BQGA@!AK! GDB!6BTFED!/BP=@G<B>G!AK!GDB!6BTFED!*JEBJ<8!3AJ>C!B^PI=F>E8!Z*AEG!>AG=:I;8!F>! ?BEQ@F:F>C!GDB!DFEGA@;!AK!7B@IF>VE!6BTFED!QA<<J>FG;8!GDB!=JGDA@E!<=?B!QIB=@!GD=G!>AG! A>I;!TB@B!GDB!DFEGA@;!AK!GDB!QFG;!=>?!GD=G!AK!FGE!6BTE!F>EBP=@=:IB!K@A<!A>B!=>AGDB@8! :JG!GD=G!>AGDF>C!b>AG!B]B>!GDFE!<JEBJ<d!QAJI?!@B?BB<!GDB!B^PJIEFA>!=>?!<J@?B@!AK! 7B@IF>VE!6BTEg\[ fe ! 5DFIB!>AGDF>C!QAJI?!PAEEF:I;!@B<B?;!GDB!DA@@A@!B^PB@FB>QB?!:;!GDB!7B@IF>! 6BTFED!QA<<J>FG;8!=GGB<PGE!<JEG!QA>GF>J=II;!:B!<=?B!GA!QA<<B<A@=GB!=>?! QBIB:@=GB!GDB!6BTEV!Q@FGFQ=I!PI=QB!TFGDF>!7B@IF>!=>?!2B@<=>!DFEGA@;\!!)DB!6BTFED! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ff !6=<BE!+\!3AJ>C8!Z/=>FBI!$F:BEUF>?VE!.BT!6BTFED!&@QDFGBQGJ@B8[!I%#0'3!Y0D'.Z0#(! %#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6!H%#! <4%#10.169!B?\!%A>>FB!5AIK!b.BT!3A@U4!,FYYAIF!->GB@>=GFA>=I!9J:IFQ=GFA>E4!MNNSd8!XS\! fe !6=<BE!+\!3AJ>C8!F:F?!XS\! ! ! ! ! ! ! WN! *JEBJ<!7B@IF>VE!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!PI=;!=!Q@JQF=I!@AIB!F>! DFCDIFCDGF>C!GDFE!<B<A@;!=>?!F>!PAEFGFA>F>C!GDB!6BTFED!*JEBJ<!7B@IF>!=E!GDB!Zg! BPFQB>GB@!AK!7B@IF>VE!QF]FQ!QJIGJ@B8!=!KAQ=I!PAF>G!KA@!GDB!QFG;VE!DFEGA@FQ=I!EBIKa J>?B@EG=>?F>C\[ fc !!"ATB]B@8!GDFE!F>GB>EB!KAQJE!A>!GDB!QA<<B<A@=GFA>!AK!TD=G!T=E8! A>!GDB!]AF?!Q@B=GB?!:;!TD=G!FE!>A!IA>CB@8!FC>A@BE!=!]FG=I!G@JGD!=:AJG!TD=G!FE!P@BEB>G! GA?=;\!!! )DB!6BTFED!*JEBJ<!7B@IF>!?ABE!=>!B^QBIIB>G!_A:!=G!PJIIF>C!GDB!P=EG!F>GA!GDB! P@BEB>G!GA!P@BP=@B!KA@!GDB!KJGJ@B8!:JG!FG!?ABE!>AG!?A!=E!@BEPBQG=:IB!AK!=!_A:!=G! B^PIA@F>C!GDB!<F>JGF=B!AK!GDB!P@BEB>G\!!)DB!I=EG!AK!GDB!KAJ@GBB>!EBQGFA>E!AK!GDB! PB@<=>B>G!B^DF:FGFA>!FE!B>GFGIB?!Z)DB!9@BEB>G8[!;BG!FG!?ABE!>AG!P=;!GDB!>BQBEE=@;! @BEPBQG!GA!GDB!QJ@@B>G!6BTFED!QA<<J>FG;!IF]F>C!F>!7B@IF>8!TDFQD!=E!AK!MNNc8!F>QIJ?B?! =:AJG!RMN8NNN!6BTE\!!5DFIB!<AEG!AK!GDFE!PAPJI=GFA>!QA>EFEGE!AK!@BQB>G!F<<FC@=>GE! K@A<!GDB!KA@<B@!(A]FBG!EG=GBE8!GDB!=?<FGG=>QB!=>?!B^PIA@=GFA>!AK!GDFE!QJ@@B>G! QA<<J>FG;!FE!F<PB@=GF]B!GA!GDB!QA>GF>JB?!J>?B@EG=>?F>C!AK!GDB!6BTEV!G@=_BQGA@;! GD@AJCDAJG!7B@IF>!=>?!2B@<=>;\!!)DB!<JEBJ<VE!QA<<B<A@=GF]B!?B]FQBE!=@B!>AG! QA<PIBGB!FK!GDB;!?A!>AG!F>GF<=GBI;!B^PIA@B!GDB!T=;E!F>!TDFQD!GDFE!QA>GB<PA@=@;! 6BTFED!QA<<J>FG;!PI=;E!=!@AIB!F>!GDB!KA@T=@?!<A]B<B>G!AK!GDB!QFG;\!!! &E!GDB!<JEBJ<VE!TB:EFGB!EG=GBE8!Z)DB!DBEFG=>G!P=GD!GA!@=PP@AQDB<B>G! :BGTBB>!2B@<=>E!=>?!6BTE!FE!GDB!QB>G@=I!GDB<B!AK!GDFE!I=EG!EBQGFA>!AK!GDB!B^DF:FGFA>8! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! fc !6=<BE!+\!3AJ>C8!F:F?!XS\! ! ! ! ! ! ! WR! ki)DB!9@BEB>GVl\[ fS !!3BG!=G!TD=G!PAF>G!TFII!GDB!QA>GB<PA@=@;!P@BEB>QB!AK!=!6BTFED! QA<<J>FG;!F>!2B@<=>;8!@=GDB@!GD=>!GDB!=:EB>QB!AK!GDB!6BTE!K@A<!GDB!P@Ba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fS !Z9B@<=>B>G!+^DF:FGFA>4!)DB!9@BEB>G8[!6BTFED!*JEBJ<!7B@IF>8! DGGP4jjTTT\_<:B@IF>\?BjEFGBj+.jNRa+^DF:FGFA>EjNRa9B@<=>B>Ga +^DF:FGFA>jPB@<=>B>GB^DF:FGFA>RMaRX\PDP!b=QQBEEB?!0B:@J=@;!MNNOd\! ! ! ! ! ! ! WM! )4#5+&.!E! F3,&*8#*B,!7&8'.3#%!+'!+4&!72.1&.&1!<&=,!'(!F2.'5&9!-!7'*28&*+#%! -,,&.+3'*!+'!+4&!G&&1!('.!)'88&8'.#+3'*! ! ! '>IFUB!GDB!6BTFED!*JEBJ<!7B@IF>8!=@QDFGBQG!9BGB@!+FEB><=>VE!@';640%3!&6!&/'! @*4('4'(!?'$.!6A!:*468'!?ABE!>AG!AKKB@!=!?BKF>B?8!DFEGA@FQ=I!>=@@=GF]B!AK!GDB!PBAPIB!FG! =GGB<PGE!GA!QA<<B<A@=GBh!@=GDB@8!GDB!M8cNN!@BQG=>CJI=@!EGBI=B!GD=G!QA<P@FEB!X\c! =Q@BE8!=I<AEG!=!KJII!QFG;!:IAQU!F>!GDB!DB=@G!AK!7B@IF>8!Z=GGB<PG!GA!@BP@BEB>G!GDB! Q=I=<FGFBE!AK!<A?B@>FG;[ fO !GD@AJCD!=!IBEE!?BIF:B@=GB!=PP@A=QD\!!->!DFE!:AAU!B>GFGIB?! -D.&4%1&06#!%#(!&/'!56361%*.&8!=JGDA@!*=@U!2A?K@B;!JGFIFYBE!GDB!QA>QBPG!AK!GDB! Z?FKKB@B>?8[!QAF>B?!:;!T@FGB@!6B=>a0@=>QAFE!$;AG=@?8!GA!?FEQJEE!GDB!JEB!AK!=@G!F>! PA@G@=;F>C!=>!F<<B=EJ@=:IB!PB@FA?!EJQD!=E!GDB!"AIAQ=JEG\!!&E!2A?K@B;!B^PI=F>E!F>! DFE!GB^G8!! )DB!i?FKKB@B>?V!T=E!GDB!>=<B!$;AG=@?!C=]B!GA!GDB!EG=GB!AK!@BP@BEB>G=GFA>!KA@! EJQD!=>!B]B>Gg!kF>!TDFQDl!BEG=:IFEDB?!?FEQAJ@EBE!TFII!>AG!:B!=:IB!GA! =@GFQJI=GB!FG8!FG!<JEG!:B!TFG>BEEB?g!)DB!QA>QBPG!AK!GDB!i?FKKB@B>?V!GDB@BKA@B! QA>]B;E!=!EB>EB!AK!J@CB>Q;!bGDB!B]B>G!<JEG!:B!@BP@BEB>GB?d!=>?!K@JEG@=GFA>! bGDB!B]B>G!D=E!?BEG@A;B?!GDB!@BP@BEB>G=GFA>=I!GAAIEd\ eN !!! ! pJFGB!PAEEF:I;!=QU>ATIB?CF>C!GDB!>AGFA>!AK!GDB!?FKKB@B>?8!+FEB><=>VE! @';640%3!&6!&/'!@*4('4'(!?'$.!6A!:*468'!B<PIA;E!FGE!AT>!Z=:EG@=QG[ eR !]FEJ=I! I=>CJ=CB!GA!ZQ@B=GB!=!@BEA>=>G!PI=QB!KA@!<B<A@;[ eM !o!=!PI=QB!TDB@B!]FEFGA@E!<=;! B<:=@U!A>!=!_AJ@>B;!AK!PB@EA>=I!B^PIA@=GFA>!=>?!LJBEGFA>F>C!AK!=>!B]B>G!GD=G!FE! :B;A>?!GDBF@!<B=>E!AK!G@=?FGFA>=I!?BKF>FGFA>\!!&QU>ATIB?CF>C!GDB!GDAJCDG!AK!GDB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! fO !*=@U!2A?K@B;8!Z->G@A?JQGFA>4!&:EG@=QGFA>!=>?!GDB!"AIAQ=JEG8[!F>!-D.&4%1&06#!%#(! &/'!56361%*.&9!b.BT!"=]B>4!3=IB!'>F]B@EFG;!9@BEE8!MNNcd8!RW\! eN !*=@U!2A?K@B;8!F:F?!RM\! eR !*=@U!2A?K@B;8!F:F?!MXO\! eM !*=@U!2A?K@B;8!F:F?!MR\! ! ! ! ! ! ! WW! ?F@BQGA@!%I=J?B!$=>Y<=>>!AK!GDB!KFI<!H/6%/8!2A?K@B;!=EUE8!DATB]B@8!ZZ"ATg!Q=>! TA@UE!AK!=@G!GD=G!FC>A@B!GDB!EPBQFKFQFGFBE!AK!DFEGA@;!DBIP!GA!<B<A@F=IFYB!GD=G!DFEGA@;8! =>?!?A!GDB;!>AG!F>EGB=?!EB@]B!GA!A:EQJ@B!FG`[ eW !!)DFE!QD=PGB@!TFII!TA@U!GA!P@A]B!GD=G! +FEB><=>VE!<B<A@F=I!?ABE!IFGGIB!GA!?FECJFEB!GDB!?B=GDE!AK!GDB!<FIIFA>E!AK!+J@APB=>! 6BTE!UFIIB?!?J@F>C!GDB!"AIAQ=JEG8!=E!GDB!KFBI?!AK!EGBI=B8!=IA>C!TFGD!GDB!=4&'!('4! B#A64;%&06#8!P@A]F?B!=!@BKIBQGF]B!=>?!F>KA@<=GFA>=I!EFGB!TDB@B!<B<A@;!=>?!DFEGA@;! =@B!Zg!KA@<=II;!IF>UB?!=>?!F>GB@PB>BG@=GF>C\[ eX ! ,BEGF>C!F>!GDB!QB>GB@!AK!7B@IF>8!GDB!<B<A@F=I!FE!D=@?!GA!<FEE\!!-GE!<A>J<B>G=I! PB@<=>B>QB!<=;!=PPB=@!F<PAEF>C!=>?!@B<F>FEQB>G!AK!GDB!K=EQFEG!=@QDFGBQGJ@B! =EEAQF=GB?!TFGD!GDB!.=YF!@BCF<B!=>?!"FGIB@VE!=@QDFGBQG!&I:B@G!(PBB@8!TDFQD!7@BGG! &EDIB;!H=PI=>!?BEQ@F:BE!=E!Z=BEGDBGFQ!PAIIJGFA>h[ ef !DATB]B@8!GDB!KFBI?!AK!PFII=@E!FE! _JEG!=E!<JQD8!FK!>AG!<A@B8!=!@BP@BEB>G=GFA>!AK!GDB!Z!iB>A@<FG;!=>?!DA@@A@!AK!GDB! "AIAQ=JEGg\V[ ee !!->!+FEB><=>VE!AT>!TA@?E8!Z)DB!B>A@<FG;!AK!GDB!:=>=I!FE!GDB!QA>GB^G! AK!AJ@!<A>J<B>G8[ ec !TDFQD!<=;!TBII!:B!=!>A?!GA!"=>>=D!&@B>?GVE!>AGFA>!AK!GDB! Z:=>=IFG;!AK!B]FI\[!!&@B>?GVE!QA>QBPG!AKKB@E!=>!=IGB@>=GF]B!]FBT!AK!GDAEB!F>]AI]B?!F>! GDB!"AIAQ=JEG!UFIIF>CE\!!(DB!JGFIFYBE!GDB!:=>=IFG;!AK!B]FI!GA!?B<A>EG@=GB!GD=G!=!<=>! EJQD!=E!&?AIK!+FQD<=>>8!=>!AKKFQB@!F>!GDB!EBQJ@FG;!EB@]FQB!?F]FEFA>!AK!GDB!.=YF!P=@G;8! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! eW !*=@U!2A?K@B;8!F:F?!c\! eX !6=<BE!+\!3AJ>C8!Z9BGB@!+FEB><=>VE!/BEFC>!KA@!7B@IF>VE!*B<A@F=I!KA@!GDB!*J@?B@B?! 6BTE!AK!+J@APB4!&!6J@A@VE!,BPA@G!F>!)D@BB!9=@GE8[!F>!J7'KL0.*%30M0#>!F%&06#%3!50.&64+,! @*.'*;.!%#(!F%&06#%3!B('#&0&0'.!0#!:*468'!0#!&/'!F'$!@033'##0*;9!B?\!,A:F>!#EGAT! b)A@A>GA4!'>F]B@EFG;!AK!)A@A>GA!9@BEE8!MNNSd8!MRR\! ef !7@BGG!&EDIB;!H=PI=>8!F:F?!RfX\! ee !&E!QFGB?!:;!2A?K@B;!F>!-D.&4%1&06#!%#(!&/'!56361%*.&8!F:F?!MfW8!K@A<!9BGB@! +FEB><=>8!i*B<A@F=I!GA!GDB!*J@?B@B?!6BTE!AK!+J@APB8V!F>!+FEB><=>!MNNW8!P\!WRX\! ec !9BGB@!+FEB><=>8!Z*B<A@F=I!GA!GDB!*J@?B@B?!6BTE!AK!+J@APB8[!F>!2'&'4!:0.'#;%#,! <'0#&.9!B?\!(FI]FA!%=EE=@=!b-G=I;4!(UF@=!+?FGA@B8!MNNed8!RfM\! ! ! ! ! ! ! WX! T=E!>AG!>BQBEE=@FI;!=!<=EE!<J@?B@B@8!:JG!@=GDB@!EF<PI;!KAIIATF>C!DFE!:J@B=JQ@=GFQ! A@?B@E8!=!<=>!TDA!Zg!IB=@>B?!=>?!B<:@=QB?!=!QAI?DB=@GB?!D=G@B?!=E!P=@G!AK!?AF>C! DFE!_A:\[ eS ! +FEB><=>VE!<B<A@F=I!T@BEGIBE!TFGD!:AGD!PD;EFQ=I!=>?!B<AGFA>=I!F>EBQJ@FG;8! IF]F>C!<B<A@;8!=>?!F>?F]F?J=I!]B@EJE!QAIIBQGF]B!B^PB@FB>QB\ eO !!)D@AJCD!GDB!Q@B=GFA>! AK!GTA!J>?JI=GF>C!C@F?E8!GDB!C@AJ>?!PI=>B!=>?!GDB!GAP!PI=>B!AK!GDB!M8cNN!QA>Q@BGB! PFII=@E8!=!ZYA>B!AK!F>EG=:FIFG;[ cN !FE!KA@<B?\!!+=QD!PFII=@8!A@!EGBI=B8!FE!EP=QB?!Of! QB>GF<BGB@E!=P=@G!=>?!FE!Of!QB>GF<BGB@E!TF?B8!M\Wcf!<BGB@E!IA>C8!=>?!@=>CBE!F>! DBFCDG!K@A<!YB@A!GA!X!<BGB@E\!!2A?K@B;!@BQAJ>GE!DFE!B^PB@FB>QB!AK!KF@EG!B>G@;!F>GA!GDB! KFBI?!AK!QA>Q@BGB!PFII=@E8!! )DB!KF@EG!EJ@P@FEB!A>!EGBPPF>C!F>GA!GDB!<B<A@F=I!T=E!GDB!=<=YF>C!EPBB?!AK! <;!G@=>EFGFA>!K@A<!AJGEF?B!GA!TFGDF>!GDB!KFBI?g!-G!D=?!>AG!EBB<B?!K@A<!GDB! PB@FPDB@;!GD=G!GDB!:IAQUE!TAJI?!@FEB!JP!EA!LJFQUI;8!:JG!GDB@B!FE!=>!A:]FAJE! @B=EA>!KA@!GDFE!?@=<=g!7JG!TFGD!GDBEB!KBT!EGBPE!F>GA!GDB!PFII=@E8!FG!EBB<B?! GD=G!-!:BC=>!GA!T=IU!<A@B!EIATI;h!=>?!EJ@@AJ>?B?!:;!GDB!EGBI=B8!GDB!:JEGIB!AK! GDB!QFG;!<=?B!T=;!KA@!GDB!EIAT!GF<B!AK!@B<B<:@=>QB\ cR ! ! ! +FEB><=>!TAJI?!=@CJB8!DATB]B@8!GD=G!GDFE!@B<B<:@=>QB!FE!>AG!A>B!KFIIB?! TFGD!>AEG=ICF=8!Zg!=!EB>GF<B>G=IFG;!GD=G!@B<B<:B@E!GDF>CE!>AG!=E!GDB;!TB@B!:JG!=E! TB!T=>G!GA!@B<B<:B@!GDB<gh[!@=GDB@8!GDFE!@B<B<:@=>QB!FE!=!ZIF]F>C!<B<A@;\[!! +FEB><=>!EG=GBE8!Z)DB!"AIAQ=JEG!Q=>>AG!:B!@B<B<:B@B?!F>!GDB!KF@EG!kUF>?!AK! <B<A@;l8!>AEG=ICFQ!<A?B8!=E!FGE!DA@@A@!KA@B]B@!@JPGJ@B?!GDB!IF>U!:BGTBB>!>AEG=ICF=! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! eS !2J;!7\!&?=<E!=>?!/=>>;!$\!7=IKAJ@8!Z,BGDF>UF>C!GDB!i7=>=IFG;!AK!+]FI8V[!2*D301! -(;0#0.&4%&06#!7'N0'$9!]AI\!eS!b.A]\j/BQ\!MNNSd8!RRfM\! eO !9BGB@!+FEB><=>8!F:F?!RfMaRfX\! cN !9BGB@!+FEB><=>8!F:F?!RfM\! cR !*=@U!2A?K@B;8!F:F?!MWOaMXN\! ! ! ! ! ! ! Wf! =>?!<B<A@;\!!,B<B<:B@F>C!GDB!"AIAQ=JEG!Q=>!GDB@BKA@B!A>I;!:B!=!IF]F>C!QA>?FGFA>! F>!TDFQD!GDB!P=EG!@B<=F>E!=QGF]B!F>!GDB!P@BEB>G\[ cM ! 7JG!DAT!?ABE!A>B!=@@F]B!=G!=!PI=QB!TDB@B!ZIF]F>C!<B<A@;[!QA<BE!GA!IFKB! TFGDF>!GDFE!P=@GFQJI=@!<B<A@F=I`!!"AT!Q=>!=!EFGB!EA!?B]AF?!AK!EPBQFKFQ!F<=CBE!A@! E;<:AIE!B>GFQB!=!?BEF@B!GA!EB=@QD!KA@!GDB!P=EG!TFGDF>!GDB!P@BEB>G!QA>?FGFA>`!!2A?K@B;! BIJQF?=GBE8!Z+FEB><=>VE!<B<A@F=I!?ABE!>AG!GBII!FGE!]FEFGA@E!TD=G!GA!@B<B<:B@8!:JG!FG! ?ABE!QA>EG@JQG!=!EP=QB!KA@!GDB!]FEFGA@!F>!TDFQD!GF<B!KBBIE!EIATB?!?AT>8!=>?!F>!TDFQD! GDB;!T=>?B@!=IA>B!GD@AJCD!=>!AQQ=EFA>=II;!APP@BEEF]B!=>?!QD=AGFQ!B>]F@A><B>G\[ cW !! )DB!F>?F]F?J=I!_AJ@>B;!P@A]F?B?!:;!GDB!<B<A@F=I!AKKB@E!LJFGB!=!?FKKB@B>G!B^PB@FB>QB! GD=>!GDB!6BTFED!*JEBJ<!7B@IF>8!TDAEB!QD@A>AIACFQ=I!EGA@;!IB=?E!GDB!]FEFGA@!K@A<! A>B!B^DF:FG!D=II!GA!GDB!AGDB@\!!,=GDB@!GD=>!B?JQ=GB!=>?!<B<A@F=IFYB!GD@AJCD!GB^GE! =>?!F<=CBE8!+FEB><=>VE!<B<A@F=I!Zg!=IIATE!KA@!<B=>F>CE!GA!:B!EJCCBEGB?!:;!FG8!=>?! F>GB@P@BG=GFA>E!GA!:B!KA@<B?!:;!FGE!]FBTB@E8!TDFIB!=G!GDB!E=<B!GF<B!F>EJ@F>C!GD=G! EJQD!@B=?F>CE!=@B!>B]B@!KF^B?g\[!!! 9B@D=PE!G=UF>C!=!QJB!K@A<!GDB!QAJ>GB@a<A>J<B>GE!QA>EG@JQGB?!:BKA@B!FG8! +FEB><=>VE!<B<A@F=I!EG=UBE!=!EG@A>C!QI=F<!F>!7B@IF>VE!J@:=>!K=:@FQ8!TDFIB!EGFII! AKKB@F>C!B=QD!F>?F]F?J=I!DFE!AT>!PB@EA>=I!B^PB@FB>QB!TFGD!GDB!<A>J<B>G=I! EG@JQGJ@B\!!5DFIB!GDB!PB@<=>B>QB!AK!GDB!<B<A@F=I!FE!J>?B>F=:IB8!GDB!KFBI?!=IIATE! B=QD!]FEFGA@!GA!Q@B=GB!DFE!AT>!KIB^F:IB!=>?!EA<BGF<BE!?FEA@FB>GF>C!Z<B<A@F=I! LJBEG\[ cX !!6JEG!=E!*=;=!$F>VE!L0'&#%;!L'&'4%#.!@';640%3!Zg!@BKJEBE!GA!G@=>E<FG!=>! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cM !9BGB@!+FEB><=>8!F:F?!RfM\! cW !*=@U!2A?K@B;8!F:F?!MfM\! cX !6=<BE!+\!3AJ>C8!F:F?!MNX\! ! ! ! ! ! ! We! A]B@G!<BEE=CB8!IB=]F>C!JE!TFGD!GDB!?B=?8!AJ@!?AJ:GE!=>?!AJ@!KB=@E8[ cf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h!TFGDAJG!GDB!=QGF]B!B^PIA@=GFA>8!LJBEGFA>F>C8!=>?! QA<<B<A@=GFA>!GD=G!F>B]FG=:I;!G=UBE!PI=QB!TFGDF>!GDB!KFBI?!AK!PFII=@E8!+FEB><=>VE! <B<A@F=I!TAJI?!:BQA<B!_JEG!=>AGDB@!EG=GFQ!PJ:IFQ!<A>J<B>G\! 5DFIB!+FEB><=>!KBIG!GD=G!GDB!ZFIIBCF:FIFG;!AK!GDB!EGBI=B[ ce !TB@B!<B=>E!B>AJCD! KA@!@BQ=IIF>C!GDB!P=EG!F>!GDB!P@BEB>G!=>?!KA@<JI=GF>C!=>!F>?F]F?J=I!B^PB@FB>QB!TFGD! GDB!ZJ>KA@CBGG=:IB8[!=!GB@<!GD=G!Q@FGFQ!2FA@CFA!&C=<:B>!EBBE!=E!Zg!GDB!P=@G!AK!GDB! <B<A@;!AK!GDB!"AIAQ=JEG!GD=G!QAJI?!>AG!:B!EA!QA>G=F>B?h!GD=G!TDFQD!B^QBB?E!GDB! =@QDF]B8[ cc !*FQD=BI!.=J<=>>8!GDB!QAJ>G@;VE!QJIGJ@=I!<F>FEGB@!=G!GDB!GF<B!AK!GDB! <B<A@F=IVE!PI=>>F>C!EG=CBE8!T=E!QA>]F>QB?!GD=G!=!QA>]B>GFA>=I!B^DF:FGFA>!QB>GB@! T=E!>BB?B?!GA!=QQA<P=>;!GDB!<B<A@F=I\!!/BEFC>B?!:;!B^DF:FGFA>!?BEFC>B@!/=C<=@! ]A>!5FIUB>8!GDFE!F>KA@<=GFA>!EP=QB8!@BKB@@B?!GA!=E!GDB!=4&8 cS !FE!IAQ=GB?!J>?B@C@AJ>?8! :BIAT!GDB!KFBI?!AK!PFII=@E\!!(F<FI=@!GA!DAT!A>B!B>GB@E!GDB!PB@<=>B>G!B^DF:FGFA>!EP=QB! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cf !(B@CFJEY!*FQD=IEUF8!F:F?!RSO\! ce !*=@U!2A?K@B;8!F:F?!MXX\! cc !*=@U!2A?K@B;8!F:F?!MXW\! cS !Z#@G[!FE!EDA@G!KA@!Z#@GB!?B@!->KA@<=GFA>8[!TDFQD!F>!+>CIFED!<B=>E!EP=QB!AK! F>KA@<=GFA>\! ! ! ! ! ! ! Wc! AK!GDB!6BTFED!*JEBJ<!7B@IF>8!]FEFGA@E!GA!+FEB><=>VE!<B<A@F=I!<JEG!?BEQB>?!=! ED=@P8!IA>C!EG=F@Q=EB!GA!B>GB@!GDB!#@G\!!)DFE!J>=EEJ<F>C!EG=F@Q=EB!FE!EFGB?!>B=@!A>B!AK! GDB!EG@BBGE!EJ@@AJ>?F>C!GDB!QFG;!:IAQU!GD=G!DAJEBE!GDB!<B<A@F=I\!!)DB!EFC>=CB!GD=G! =QU>ATIB?CBE!GDB!P@BEB>QB!AK!GDB!#@G!FE!>A!<A@B!F>G@JEF]B!GD=>!GDB!EG=F@Q=EB!=>?!FK! A>B!D=PPB>E!GA!B>QAJ>GB@!GDB!EG=F@Q=EB!A@!GDB!EFC>=CB!=E!DBjEDB!>=]FC=GBE!GD@AJCD! GDB!EGBI=B8!=>AGDB@!QA<<B<A@=GF]B!I=;B@!=T=FGE\! ->!+FEB><=>VE!B;BE8!Z)DB!#@G!FE!EJ:?JB?!F>!<=>>B@8!BKKBQGF]BI;!?BEFC>B?!GA! <F>F<FYB!=>;!?FEGJ@:=>QB!GA!GDB!*B<A@F=IVE!KFBI?!AK!PFII=@Eh[ cO !DATB]B@8!A>QB! J>?B@C@AJ>?8!GDB!#@G!?ABE!IFGGIB!GA!QA>QB=I!EPBQFKFQE!@BI=GB?!GA!GDB!QAIIBQGF]B!=>?! F>?F]F?J=I!DFEGA@FBE!GD=G!KA@<!GDB!KAJ>?=GFA>!AK!GDB!=:A]BC@AJ>?!<B<A@F=I\!!&>! B>G@;T=;!=>?!KAJ@!I=@CB!@AA<E!<=UB!JP!GDB!F>KA@<=GFA>!QB>GB@\!!&C=F>8!F>!QA>G@=EG! GA!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!@AA<E!?A!>AG!KAIIAT!=!QD@A>AIACFQ=I!EBLJB>QBh! @=GDB@8!Z>=@@=GF]B!T=E!BEQDBTB?!F>!K=]AJ@!AK!KAJ@!QA>G@=EGF>C!<A?BE!AK!<B<A@F=I8!EA! GD=G!F>?F]F?J=I!IF]BE!TB@B!@BQA@?B?!=IA>CEF?B!QAIIBQGF]B!?B=GDE8!=>?!]FQGF<E!TB@B! CF]B>!=!]AFQB!=E!PB@PBG@=GA@EV!=QGE!TB@B!@BQA@?B?\[ SN !!! 5D;8!GDAJCD8!?F?!]A>!5FIUB>8!?BEFC>B@!AK!GDB!#@G8!KBBI!GD=G!GDB!P@BEB>G=GFA>!AK! GDFE!DFEGA@FQ=I!=>?!F>KA@<=GFA>=I!<=GB@F=I!@BLJF@BE!KAJ@!?FEGF>QG!=PP@A=QDBE! GD@AJCDAJG!GDB!J>?B@C@AJ>?!EP=QB`!!5=E!A>B!DFEGA@FQ=I!>=@@=GF]B8!=E!FG!B^FEGE!F>!GDB! 6BTFED!*JEBJ<!7B@IF>8!>AG!EJKKFQFB>G!GA!PA@G@=;!GDB!EGA@FBE!AK!GDB!F>?F]F?J=IE!GD=G! GDB!=:A]BC@AJ>?!<B<A@F=I!=GGB<PGE!GA!QA<<B<A@=GB`!!9B@D=PE!GA!B<PD=EFYB! $;AG=@?VE!GDBA@;!AK!GDB!?FKKB@B>?8!GDB!F?B=!GD=G!=QQBPGB?!=>?!AKGB>aJGFIFYB?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cO !9BGB@!+FEB><=>8!F:F?!Rf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o!GD=G!=!DA@@FKFQ!PB@FA?!EJQD!=E!GDB! "AIAQ=JEG!Q=>>AG!:B!@BP@BEB>GB?!F>!_JEG!A>B!<=>>B@\!!)DB!P@A:IB<!<=;!>AG!:B!GD=G! GDB!"AIAQ=JEG!D=E!Zg!?BEG@A;B?!GDB!@BP@BEB>G=GFA>=I!GAAIE8[ !SW !=E!2A?K@B;!EG=GBE8!:JG! @=GDB@8!GD=G!GDB!P@BEB>G=GFA>!AK!A>I;!A>B!QA<<B<A@=GF]B!=PP@A=QD!<=;!>AG!:B! =PP@AP@F=GB!KA@!GDB!"AIAQ=JEG\!!! ! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SR !*=@U!2A?K@B;8!F:F?!MXW\! SM !6=<BE!+\!3AJ>C8!F:F?!MRN\! SW !*=@U!2A?K@B;8!F:F?!RM\! ! ! ! ! ! ! XN! )'*/%2,3'*! ! )D@AJCD!GDB!F>]BEGFC=GFA>!AK!GDB!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!AK! GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<8!=>?!+FEB><=>VE! @';640%3!&6!&/'!@*4('4'(!?'$.!6A!:*468'8!GDFE!GDBEFE!D=E!B^PIA@B?!>J<B@AJE! F>GB@P@BG=GFA>E!AK!GDB!@BP@BEB>G=GFA>!AK!GDB!P=EG!F>!GDB!P@BEB>G\!!*JIGFPIB!Z<B<A@;! ?FEQAJ@EBE[!D=]B!:BB>!B^=<F>B?!=E!=!<B=>E!AK!J>?B@EG=>?F>C!GDB!I=@CB@!P@AQBEE!AK! QA<<B<A@=GFA>!=>?!GDB!QA>GF>JB?!LJBEGFA>F>C!AK!GDBEB!?B]FQBE!D=E!:@A=?B>B?!GDB! ?FEQJEEFA>!GA!F>QIJ?B!GDB!>BB?!KA@!:AGD!=!ZEP=QB!KA@!<B<A@;8[!=E!TBII!=E!=!ZEP=QB!KA@! DFEGA@;[!TDB>!TFEDF>C!GA!Q@B=GB!=!EJKKFQFB>G!QA<<B<A@=GF]B!B^PB@FB>QB\! ! 5DFIB!GDB!IF]F>C!<B<A@;!GD=G!B^FEGE!GD@AJCDAJG!GDB!6BTFED!*JEBJ<!7B@IF>! P@BEB>GE!FGEBIK!GD@AJCD!:AGD!$F:BEUF>?VE!=@QDFGBQGJ@=I!?BEFC>!=>?!GDB!PB@<=>B>G! B^DF:FGFA>8!GDB!F>GB@@AC=GFA>!AK!GDFE!EFGB!D=E!P@A]B>!GD=G!GDB!<A>J<B>G=I!P@BEB>QB!AK! GDB!Z]AF?[!Q@B=GB?!:;!$F:BEUF>?VE!YFCaY=C!?BEFC>!A]B@TDBI<E!GDB!]FEFGA@E!=:FIFG;!GA! @BKIBQG!JPA>!GDB!P@BEB>QB!AK!=!QA>GB<PA@=@;!7B@IF>!6BTFED!QA<<J>FG;\!!7AGD!GDB! =@QDFGBQGJ@B!=>?!GDB!B^DF:FGFA>!=EEB@G!=>!=JGDA@FG;!AK!TD=G!T=E!=>?!TD=G!FE!GD=G! IB=]BE!IFGGIB!@AA<!KA@!?FEPJGB\!!)DB!PB?=>GFQ!P@BEB>G=GFA>!AK!GDB!QD@A>AIACFQ=I! B^DF:FGFA>!?ABE!>AG!EGF<JI=GB!GDB!IB]BI!AK!LJBEGFA>F>C!GD=G!FE!EA!Q@FGFQ=I!GA!GDB! P@AQBEE!AK!QA<<B<A@=GFA>\!!! ! )DB!=@QDFGBQGJ@=I!=>?!P@AC@=<<=GFQ!?BEFC>!AK!GDB!%A>GB<PA@=@;!6BTFED! *JEBJ<!F>!(=>!0@=>QFEQA!FE!IBEE!QA>QB@>B?!TFGD!GDB!=QG!AK!QA<<B<A@=GFA>!=>?! <A@B!KAQJEB?!A>!GDB!=IIAT=>QB!AK!QA>GB<PA@=@;!PB@EPBQGF]BE!AK!6BTFED!QJIGJ@B\!!&G! GDB!E=<B!GF<B!GD=G!$F:BEUF>?VE!?BEFC>!DFCDIFCDGE!ZIFKB8[!DATB]B@8!FG!@BKJEBE!GA!FC>A@B! GDB!QA>>BQGFA>E!:BGTBB>!GDB!P=EG!=>?!GDB!P@BEB>G\!!7;!QI=F<F>C!=>!F<P@BEEF]B! ! ! ! ! ! ! XR! KAAGP@F>G!F>!(=>!0@=>QFEQAVE!:JFIG!B>]F@A><B>G8!GDB!%A>GB<PA@=@;!6BTFED!*JEBJ<! P=;E!G@F:JGB!GA!GDB!@AIB!GD=G!GDB!6BTE!D=]B!PI=;B?!F>!<=UF>C!(=>!0@=>QFEQA!F>GA!GDB! GD@F]F>C!QFG;!GD=G!FG!FE!GA?=;\!!)DB!GB<PA@=@;!B^DF:FGFA>E!GD=G!KFII!GDB!C=IIB@;!EP=QBE!AK! GDFE!<JEBJ<!=IEA!=IIJ?B!GA!GDB!F<PA@G=>QB!AK!=QGF]=GF>C!GDB!P=EG!F>!GDB!P@BEB>G8! DATB]B@!F>!=!<JQD!IBEE!A]B@G!<=>>B@!GD=>!GDB!PB@<=>B>G!B^DF:FGFA>!AK!GDB!6BTFED! *JEBJ<!7B@IF>\!!5DFIB!GDB!(=>!0@=>QFEQA!<JEBJ<!?ABE!>AG!AJGT=@?I;!EBBU!GA! QA<<B<A@=GB!GDB!"AIAQ=JEG8!FG!P@A]F?BE!=!EP=QB!=>?!EG@JQGJ@B!TDB@B!GDFE!P@AQBEE! QAJI?!G=UB!PI=QB\!!'>IFUB!GDB!6BTFED!*JEBJ<!7B@IF>8!GDB!%A>GB<PA@=@;!6BTFED! *JEBJ<!TA@UE!GA!=EEB@G!=!PI=QB!KA@!GDB!P@BEB>G!6BTFED!QA<<J>FG;!F>!(=>! 0@=>QFEQAVE!<A?B@>!IFKB!a!=!G@JB!IF]F>C!<B<A@;\! ! +FEB><=>VE!@';640%3!&6!&/'!@*4('4'(!?'$.!6A!:*468'!AKKB@E!GDB!<AEG! <B=>F>CKJI!QA<<B<A@=GF]B!B^PB@FB>QB!AJG!AK!GDB!GD@BB!@BEB=@QDB?!EFGBE!F>!GDFE! P=PB@\!!5DFIB!GDB!<B<A@F=I!P@A]F?BE!:AGD!=!<A>J<B>G=I!EP=QB!KA@!<B<A@;8!=E!TBII! =E!GDB!P@BEB>G=GFA>!AK!DFEGA@FQ=I!F>KA@<=GFA>8!GDB!J>FLJB!EBP=@=GFA>!AK!GDB!GTA!P=@GE! AK!GDB!<B<A@F=I!=IIATE!B=QD!GA!KJ>QGFA>!A>!GDBF@!GB@<E\!!.BFGDB@!GDB!=@QDFGBQGJ@=I! ?BEFC>!AK!+FEB><=>VE!KFBI?!AK!EGBI=B8!>A@!GDB!P@AC@=<<=GFQ!?BEFC>!AK!GDB!=4&E.! J>?B@C@AJ>?!B^DF:FGFA>!KBBIE!=E!GDAJCD!GDB;!D=]B!:BB>!QA<P@A<FEB?!KA@!GDB! =IIAT=>QB!AK!GDB!AGDB@\!!!&E!3AJ>C!=?<FGE!F>!DFE!BEE=;!Z9BGB@!+FEB><=>VE!/BEFC>!KA@! 7B@IF>VE!*B<A@F=I!KA@!GDB!*J@?B@B?!6BTE!AK!+J@APB4!&!6J@A@VE!,BPA@G!F>!)D@BB!9=@GE8[! Z)DFE!EP=QB!TFII!=IT=;E!@B<F>?!2B@<=>;!=>?!GDB!TA@I?!=G!I=@CB!AK!GDB!EBIKaF>KIFQGB?! ! ! ! ! ! ! XM! ]AF?!=G!GDB!DB=@G!AK!GDB!2B@<=>!QJIGJ@B!=>?!QA>EQFAJE>BEE!o!=!]AF?!GD=G!?BKF>BE! >=GFA>=I!F?B>GFG;!B]B>!=E!FG!GD@B=GB>E!EJQD!F?B>GFG;!TFGD!FGE!AT>!F<PIAEFA>\[ SX ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SX !6=<BE!+\!3AJ>C8!F:F?!MNX\! ! ! ! ! ! ! XW! >3$%3'H.#54?! ! &?=<E8!2J;!7\!=>?!/=>>;!$\!7=IKAJ@\!Z,BGDF>UF>C!GDB!i7=>=IFG;!AK!+]FI\V[!2*D301! -(;0#0.&4%&06#!7'N0'$9!]AI\!eS!b.A]\j/BQ\!MNNSd4!RRfM\! ! ! i7BF>C!6BTFEDV4!&!7=;!&@B=!9A@G@=FG8!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQQB]B>GEnEQAPBmB^:GnG=EU m?BG=FInAF?mMe!b=QQBEEB?!0B:@J=@;!MNNOd\! ! +FEB><=>8!9BGB@\!Z*B<A@F=I!GA!GDB!*J@?B@B?!6BTE!AK!+J@APB\[!->!2'&'4!:0.'#;%#,! <'0#&.9!B?\!(FI]FA!%=EE=@=8!RfMaReW\!-G=I;4!(UF@=!+?FGA@B8!MNNe\! ! +FEB><=>8!9BGB@\!Z*B<A@F=I!GA!GDB!*J@?B@B?!6BTE!AK!+J@APB\[!->!:0.'#;%#9!MNNW8!P\! WRX\!&E!QFGB?!:;!2A?K@B;8!*=@U\!-D.&4%1&06#!%#(!&/'!56361%*.&\!MfW\!.BT! "=]B>4!3=IB!'>F]B@EFG;!9@BEE8!MNNc\!! ! 0F>B8!(GB]B>\!Z)DB!%AIA@!AK!6BTFED!$FKB4!-<=CF>F>C!9AI;QD@A<;!F>!GDB!&@G!AK!GDB! &>QFB>G!(;>=CACJB\[!6B@A<B!.B<B@!$BQGJ@B8!)DB!%=E?B>!->EGFGJGB8!'>F]B@EFG;! AK!(AJGDB@>!%=IFKA@>F=8!.A]B<:B@!RN8!MNNS\! ! 0F>UB@DAKK8!(JB\!Z6BTFED!*JEBJ<!#T>E!.A!&@G8!0AQJEBE!#>!-?B=E\[!O/'!@'&46!C'.&! ?'$0./!F'$.9!]AI\!eM!b6J>B!MNNSd4!WW\! ! 2B@<=>;4!6BTFED!9APJI=GFA>!F>!ROWW8!'>FGB?!(G=GBE!"AIAQ=JEG!*B<A@F=I!*JEBJ<8! MNNS8! DGGP4jjTTT\JED<<\A@CjTIQj=@GFQIB\PDP`I=>CmB>n*A?JIB-?mRNNNfMce! b=QQBEEB?!0B:@J=@;!MNNOd\! ! 2A?K@B;8!*=@U\!-D.&4%1&06#!%#(!&/'!56361%*.&W!.BT!"=]B>4!3=IB!'>F]B@EFG;!9@BEE8! MNNc\! ! 2@J:B@8!,JGD!+IIB>\!Z6BTFED!9I=QBE!=>?!(P=QBE\[!6)&8!MW!#QGA:B@!MNNS8! DGGP4jj_G=\A@Cj>BTEj=@GFQIBjMNNSjRNjMWjRRNSfWj,JGDIBEE%AE<APAIFG=>RN MWMNNS!b=QQBEEB?!6=>J=@;!MNNOd\! ! 2@J:B@8!,JGD!+IIB>\!!L04&*%33+!?'$0./,!7'0#N'#&0#>!?'$0./!G*3&*4'!0#!:*468'\!!7B@UBIB;4! '>F]B@FEG;!AK!%=IFKA@>F=!9@BEE8!MNNM\! ! "FEGA@;!=>?!*FEEFA>8!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQA>GB>GnG=EUm]FBTn]FBTm= @GFQIBnF?mW!b=QQBEEB?!/BQB<:B@!MNNSd\! ! ! ! ! ! ! ! XX! "J;EEB>8!&>?@B=E\!!24'.'#&!2%.&.,!"4D%#!2%30;8.'.&.!%#(!&/'!2630&01.!6A!@';64+W! (G=>KA@?4!(G=>KA@?!'>F]B@EFG;!9@BEE8!MNNW\! ! 6AD>!uA@>!9@BEB>GE!GDB!&IBPDa7BG!(AJ>?!9@A_BQG8!%A>GB<PA@=@;!6BTFED!*JEBJ<8! MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQQB]B>GEnEQAPBmB^:GnG=EU m?BG=FInAF?mW!b=QQBEEB?!0B:@J=@;!MNNOd\! ! H=PI=>8!7@BGG!&EDIB;\!"#$%#&'(!)'%*&+,!-'.&/'&01!23'%.*4'!0#!56361%*.&! 7'84'.'#&%&06#W!'@:=>=4!'>F]B@EFG;!AK!-IIF>AFE!9@BEE8!MNNc\! ! $F:BEUF>?8!/=>FBI\!Z6BTFED!*JEBJ<!7B@IF>4!7BGTBB>!GDB!$F>BE8!ROSS8!ROORaOO\[!->! I%#0'3!Y0D'.Z0#(!%#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./! -41/0&'1&*4'!A46;!)'430#!&6!H%#!<4%#10.169!B?\!%A>>FB!5AIK8!eW\!.BT!3A@U4! ,FYYAIF!->GB@>=GFA>=I!9J:IFQ=GFA>E8!MNNS\! ! $F:BEUF>?8!/=>FBI\!I%#0'3!Y0D'.Z0#(,!O/'!H8%1'!6A!:#16*#&'4W!.BT!3A@U4!'>F]B@EB! 9J:IFEDF>C8!MNNN\! ! *B>?BEa0IAD@8!9=JI\!Z)DB!7B@IF>!6BT!=E!%AE<APAIFG=>\[!->!)'430#!@'&468630.,!?'$.!%#(! &/'!F'$!G*3&*4'9!QRVTUQVQR9!B?\!+<FI;!/\!7FIEUF8!RfaWN\!7B@UBIB;4!'>F]B@EFG;!AK! %=IFKA@>F=!9@BEE8!MNNN\! ! *FQD=IEUF8!(B@CFJEY\!2*D301!@6#*;'#&.,!-4&!0#!2630&01%3!)6#(%>'!QRSTUQVVSW!$A>?A>4! ,B=UGFA>!7AAUE8!ROOS\! ! .BJKBI?G8!1FQGA@F=!=>?!&>?@BT!.\!(P=@UE8!B?E\!C'D.&'4E.!F'$!C643(!G6;8%1&!H1/663! %#(!=AA01'!I01&06#%4+9!.BT!3A@U4!*=Q<FII=>!2B>B@=I!,BKB@B>QB8!ROOf\! ! .BT!7JFI?F>C8!HAEDI=>?!2=IIB@;8!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQA>GB>GnG=EUm]FBTn]FBTm= @GFQIBnF?mXf!b=QQBEEB?!0B:@J=@;!MNNOd\! ! .BT!7JFI?F>C8!)DB!i9=,/B(V!5=II8!%A>GB<PA@=@;!6BTFED!*JEBJ<8!MNNS8! DGGP4jjTTT\GDBQ_<\A@CjF>?B^\PDP`APGFA>mQA<tQA>GB>GnG=EUm]FBTn]FBTm= @GFQIBnF?mXf!b=QQBEEB?!0B:@J=@;!MNNOd\! ! 9B@<=>B>G!+^DF:FGFA>4!)DB!9@BEB>G8!6BTFED!*JEBJ<!7B@IF>8! DGGP4jjTTT\_<:B@IF>\?BjEFGBj+.jNRa+^DF:FGFA>EjNRa9B@<=>B>Ga +^DF:FGFA>jPB@<=>B>GB^DF:FGFA>RMaRX\PDP!b=QQBEEB?!0B:@J=@;!MNNOd\! ! ,AGDEGBF>8!+?T=@?\!Z*JEBJ<VE!1FEFA>4!5BEG!%A=EG!9=@=?FEB\[!O/'!F'$![64Z!O0;'.9!O! 6J>B!MNNS8!+\R\! ! ! ! ! ! ! ! Xf! ,JCAKK8!,=IPD\!@6#*;'#&.!A64!&/'!"H-W!(=>!0@=>QFEQA4!5=GGFE!->EGFGJGB!KA@! %A>GB<PA@=@;!&@GE8!MNNf\! ! (=QDE8!&>CBIF!=>?!+?T=@?!]=>!1AAIB>\!Z9@BK=QB\[!->!?'$0./!B('#&0&+!0#!G6#&';864%4+! -41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?!+?T=@?!]=>!1AAIB>8!eac\!7B@IF>4!9@BEGBI8! MNNX\! ! (Q=@@;8!+I=F>B\!=#!)'%*&+!%#(!)'0#>!?*.&W!9@F>QBGA>8!.\6\4!9@F>QBGA>!'>F]B@EFG;!9@BEE8! ROOO8!WR\!&E!QFGB?!:;!H=PI=>8!7@BGG!&EDIB;\!"#$%#&'(!)'%*&+,!-'.&/'&01! 23'%.*4'!0#!56361%*.&!7'84'.'#&%&06#W!RM\!'@:=>=4!'>F]B@EFG;!AK!-IIF>AFE!9@BEE8! MNNc\! ! (QD>BF?B@8!7B@>D=@?\!I%#0'3!Y0D'.Z0#(,!?'$0./!@*.'*;!)'430#W!*J>FQD4!9@BEGBI! 1B@I=C8!MNNc\! ! (QDT=@YB@8!*FGQDBII\!Z)AT=@?!=!%=IFKA@>F=!6J?=FE<\[!->!I%#0'3!Y0D'.Z0#(!%#(!&/'! G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6!H%#! <4%#10.169!B?\!%A>>FB!5AIK8!WOaXW\!.BT!3A@U4!,FYYAIF!->GB@>=GFA>=I! 9J:IFQ=GFA>E8!MNNS\! ! (<BB8!6BEE\!Z&!7BI=GB?!1FQGA@;!&C=F>EG!GDB!.=YFEV\[!O/'!P*%4(0%#9!W!.A]B<:B@!MNNe8! DGGP4jjTTT\CJ=@?F=>\QA\JUjTA@I?jMNNej>A]jNWj@BIFCFA>\CB@<=>;! b=QQBEEB?!0B:@J=@;!MNNOd\! ! ]=>!1AAIB>8!+?T=@?\!Z0@A<!)F<B!GA!9I=QB4!(D=PF>C!*B<A@;!F>!6J?=FE<\[!->!?'$0./! B('#&0&+!0#!G6#&';864%4+!-41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?!+?T=@?!]=>! 1AAIB>8!RMaMN\!7B@IF>4!9@BEGBI8!MNNX\! ! 5BKF>C8!"B>@;\!Z6BTFED!*JEBJ<!(=>!0@=>QFEQA\[!->!?'$0./!B('#&0&+!0#!G6#&';864%4+! -41/0&'1&*4'9!B?E\!&>CBIF!(=QDE!=>?!+?T=@?!]=>!1AAIB>8!SeaOR\!7B@IF>4!9@BEGBI8! MNNX\! ! 5AIK8!%A>>FB\!Z9@BK=QB\[!->!I%#0'3!Y0D'.Z0#(!%#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,! F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6!H%#!<4%#10.169!B?\!%A>>FB!5AIK8!WfaWc\! .BT!3A@U4!,FYYAIF!->GB@>=GFA>=I!9J:IFQ=GFA>E4!MNNS\! ! 3AJ>C8!6=<BE!+\!Z/=>FBI!$F:BEUF>?VE!.BT!6BTFED!&@QDFGBQGJ@B\[!->!I%#0'3!Y0D'.Z0#(! %#(!&/'!G6#&';864%4+!?'$0./!@*.'*;,!F'$!?'$0./!-41/0&'1&*4'!A46;!)'430#!&6! H%#!<4%#10.169!B?\!%A>>FB!5AIK8!XfaeN\!.BT!3A@U4!,FYYAIF!->GB@>=GFA>=I! 9J:IFQ=GFA>E4!MNNS\! ! 3AJ>C8!6=<BE!+\!Z6BTFED!*JEBJ<E8!"AIAQ=JEG!*JEBJ<E8!=>?!pJBEGFA>E!AK!.=GFA>=I! -?B>GFG;\[!->!?'$0./!B('#&0&+!0#!G6#&';864%4+!-41/0&'1&*4'9!B?E\!&>CBIF!(=QDE! =>?!+?T=@?!]=>!1AAIB>8!XMaff\!7B@IF>4!9@BEGBI8!MNNX\! ! ! ! ! ! ! ! Xe! 3AJ>C8!6=<BE!+\!Z9BGB@!+FEB><=>VE!/BEFC>!KA@!7B@IF>VE!*B<A@F=I!KA@!GDB!*J@?B@B?! 6BTE!AK!+J@APB4!&!6J@A@VE!,BPA@G!F>!)D@BB!9=@GE\[!->!J7'KL0.*%30M0#>!F%&06#%3! 50.&64+,!@*.'*;.!%#(!F%&06#%3!B('#&0&0'.!0#!:*468'!0#!&/'!F'$!@033'##0*;9!B?\! ,A:F>!#EGAT8!MNNaMRM\!)A@A>GA4!'>F]B@EFG;!AK!)A@A>GA!9@BEE8!MNNS\! !
Abstract (if available)
Linked assets
University of Southern California Dissertations and Theses
Conceptually similar
PDF
The constellations of Holocaust representation: performative monuments, museums, and survivors’ artworks
Asset Metadata
Creator
Bromberg, Amanda
(author)
Core Title
Holocaust commemoration and the creation of living memory: how the Jewish Museum Berlin, the Contemporary Jewish Museum, and the Memorial to the Murdered Jews of Europe assert the past in the fab...
School
School of Fine Arts
Degree
Master of Planning / Master of Arts
Degree Program
Public Art Studies / Planning
Degree Conferral Date
2009-05
Publication Date
04/17/2009
Defense Date
05/16/2009
Publisher
University of Southern California
(original),
University of Southern California. Libraries
(digital)
Tag
Berlin,commemoration,Contemporary Jewish Museum,Daniel Libeskind,holocaust,Jewish Museum Berlin,Memorial,Memorial to the Murdered Jews of Europe,memory,memory discourses,monument,OAI-PMH Harvest,past,Peter Eisenman,present,representation,San Francisco,space for history,space for memory
Place Name
Berlin
(city or populated place),
monuments: Memorial to the Murdered Jews of Europe
(geographic subject),
museum buildings: Contemporary Jewish Museum (San Francisco, Calif.)
(geographic subject),
museum buildings: Jüdisches Museum Berlin (1999- )
(geographic subject),
San Francisco
(city or populated place)
Language
English
Contributor
Electronically uploaded by the author
(provenance)
Advisor
Gonzalez, Rita (
committee chair
), Decter, Joshua (
committee member
), Weisberg, Dean Ruth (
committee member
)
Creator Email
aebrombe@usc.edu,amandabromberg@mac.com
Permanent Link (DOI)
https://doi.org/10.25549/usctheses-m2092
Unique identifier
UC1503373
Identifier
etd-Bromberg-2820 (filename),usctheses-m40 (legacy collection record id),usctheses-c127-225765 (legacy record id),usctheses-m2092 (legacy record id)
Legacy Identifier
etd-Bromberg-2820.pdf
Dmrecord
225765
Document Type
Thesis
Rights
Bromberg, Amanda
Type
texts
Source
University of Southern California
(contributing entity),
University of Southern California Dissertations and Theses
(collection)
Repository Name
Libraries, University of Southern California
Repository Location
Los Angeles, California
Repository Email
cisadmin@lib.usc.edu
Tags
commemoration
Contemporary Jewish Museum
Daniel Libeskind
Jewish Museum Berlin
Memorial to the Murdered Jews of Europe
memory
memory discourses
past
Peter Eisenman
present
representation
space for history
space for memory