Warning: session_start() [function.session-start]: open(/tmp/sess_dd0dd1910254724750c811682f566c7e, O_RDWR) failed: Disk quota exceeded (122) in /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php on line 423

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php:423) in /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php on line 423

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php:423) in /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php on line 423

Warning: Cannot modify header information - headers already sent by (output started at /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php:423) in /home/sch2hm/2school.ru/docs/libraries/joomla/session/session.php on line 426
ࡱ> AC<=>?@p,bjbjss28. >>$40     /111111$DU-U    // jtO0 UU>( f:@8:07 8=8AB5@AB20 74@02>>E@0=5=8O 8 A>F80;L=>3> @0728B8O >AA89A:>9 $545@0F88 (M8=74@02A>F@0728B8O >AA88) >B 26 023CAB0 2010 3. N 761= 3. >A:20 "1 CB25@645=88 48=>3> :20;8D8:0F8>==>3> A?@02>G=8:0 4>;6=>AB59 @C:>2>48B5;59, A?5F80;8AB>2 8 A;C60I8E, @0745; "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O"" 48=K9 :20;8D8:0F8>==K9 A?@02>G=8: 4>;6=>AB59 2 @0745;5 "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" 48=K9 :20;8D8:0F8>==K9 A?@02>G=8: 4>;6=>AB59 2 @0745;5 "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" 0B0 ?>4?8A0=8O: 26.08.2010 0B0 ?C1;8:0F88: 20.10.2010 00:00 0@538AB@8@>20= 2 8=NAB5 $ 6 >:BO1@O 2010 3. 538AB@0F8>==K9 N 18638  A>>B25BAB288 A ?C=:B>< 5.2.52 >;>65=8O > 8=8AB5@AB25 74@02>>E@0=5=8O 8 A>F80;L=>3> @0728B8O >AA89A:>9 $545@0F88, CB25@645==>3> ?>AB0=>2;5=85< @028B5;LAB20 >AA89A:>9 $545@0F88 >B 30 8N=O 2004 3. N 321 (!>1@0=85 70:>=>40B5;LAB20 >AA89A:>9 $545@0F88, 2004, N 28, AB. 2898; 2005, N 2, AB. 162; 2006, N 19, AB. 2080; 2008, N 11 (1 G. ), AB. 1036; N 15, AB.1555; N 23, AB. 2713; N 42, AB. 4825; N 46, AB. 5337; N 48, AB. 5618; 2009, N 2, AB. 244; N 3, AB. 378; N 6, AB. 738; N 12, AB. 1427, 1434; N 33, AB. 4083, 4088; N 43, AB. 5064; N 45, AB. 5350; 2010, N 4, AB. 394; N 11, AB. 1225; N 25, AB. 3167; N 26, AB. 3350; N 31, 4251), ?@8:07K20N: #B25@48BL 48=K9 :20;8D8:0F8>==K9 A?@02>G=8: 4>;6=>AB59 @C:>2>48B5;59, A?5F80;8AB>2 8 A;C60I8E, @0745; "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" A>3;0A=> ?@8;>65=8N. 8=8AB@ ". >;8:>20 @8;>65=85 48=K9 :20;8D8:0F8>==K9 A?@02>G=8: 4>;6=>AB59 @C:>2>48B5;59, A?5F80;8AB>2 8 A;C60I8E 0745; "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" I. 1I85 ?>;>65=8O 1. "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" 48=>3> :20;8D8:0F8>==>3> A?@02>G=8:0 4>;6=>AB59 @C:>2>48B5;59, A?5F80;8AB>2 8 A;C60I8E (40;55 - !) ?@54=07=0G5= 4;O @5H5=8O 2>?@>A>2, A2O70==KE A @53C;8@>20=85< B@C4>2KE >B=>H5=89, >15A?5G5=85< MDD5:B82=>9 A8AB5<K C?@02;5=8O ?5@A>=0;>< >1@07>20B5;L=KE CG@5645=89 8 >@30=870F89 =57028A8<> >B 8E >@30=870F8>==>-?@02>2KE D>@< 8 D>@< A>1AB25==>AB8. 2. 0745; "20;8D8:0F8>==K5 E0@0:B5@8AB8:8 4>;6=>AB59 @01>B=8:>2 >1@07>20=8O" ! A>AB>8B 87 G5BK@5E @0745;>2: I - "1I85 ?>;>65=8O", II - ">;6=>AB8 @C:>2>48B5;59", III - ">;6=>AB8 ?5403>38G5A:8E @01>B=8:>2", IV - ">;6=>AB8 CG51=>-2A?><>30B5;L=>3> ?5@A>=0;0". 3. 20;8D8:0F8>==K5 E0@0:B5@8AB8:8 ?@8<5=ONBAO 2 :0G5AB25 =>@<0B82=KE 4>:C<5=B>2 8;8 A;C60B >A=>2>9 4;O @07@01>B:8 4>;6=>AB=KE 8=AB@C:F89, A>45@60I8E :>=:@5B=K9 ?5@5G5=L 4>;6=>AB=KE >1O70==>AB59 @01>B=8:>2, A CG5B>< >A>15==>AB59 >@30=870F88 B@C40 8 C?@02;5=8O, 0 B0:65 ?@02, >B25BAB25==>AB8 8 :><?5B5=B=>AB8 @01>B=8:>2. @8 =5>1E>48<>AB8 4>;6=>AB=K5 >1O70==>AB8, 2:;NG5==K5 2 :20;8D8:0F8>==CN E0@0:B5@8AB8:C >?@545;5==>9 4>;6=>AB8, <>3CB 1KBL @0A?@545;5=K <564C =5A:>;L:8<8 8A?>;=8B5;O<8. 4. 20;8D8:0F8>==0O E0@0:B5@8AB8:0 :064>9 4>;6=>AB8 8<55B B@8 @0745;0: ">;6=>AB=K5 >1O70==>AB8", ">;65= 7=0BL" 8 ""@51>20=8O : :20;8D8:0F88".  @0745;5 ">;6=>AB=K5 >1O70==>AB8" A>45@68BAO ?5@5G5=L >A=>2=KE B@C4>2KE DC=:F89, :>B>@K5 <>3CB 1KBL ?>;=>ABLN 8;8 G0AB8G=> ?>@CG5=K @01>B=8:C, 70=8<0NI5<C 40==CN 4>;6=>ABL, A CG5B>< B5E=>;>38G5A:>9 >4=>@>4=>AB8 8 2708<>A2O70==>AB8 @01>B, ?>72>;ONI8E >15A?5G8BL >?B8<0;L=CN A?5F80;870F8N ?> 4>;6=>ABO< A;C60I8E.  @0745;5 ">;65= 7=0BL" A>45@60BAO >A=>2=K5 B@51>20=8O, ?@54JO2;O5<K5 : @01>B=8:C 2 >B=>H5=88 A?5F80;L=KE 7=0=89, 0 B0:65 7=0=89 70:>=>40B5;L=KE 8 8=KE =>@<0B82=KE ?@02>2KE 0:B>2, ?>;>65=89, 8=AB@C:F89 8 4@C38E 4>:C<5=B>2, <5B>4>2 8 A@54AB2, :>B>@K5 @01>B=8: 4>;65= ?@8<5=OBL ?@8 2K?>;=5=88 4>;6=>AB=KE >1O70==>AB59.  @0745;5 ""@51>20=8O : :20;8D8:0F88" >?@545;5=K =5>1E>48<K5 4;O 2K?>;=5=8O 4>;6=>AB=KE >1O70==>AB59 C@>25=L ?@>D5AA8>=0;L=>9 ?>43>B>2:8 @01>B=8:0, C4>AB>25@O5<K9 4>:C<5=B0<8 >1 >1@07>20=88, 0 B0:65 B@51>20=8O : AB06C @01>BK. 5. @8 @07@01>B:5 4>;6=>AB=KE 8=AB@C:F89 4>?CA:05BAO CB>G=5=85 ?5@5G=O @01>B, :>B>@K5 A2>9AB25==K A>>B25BAB2CNI59 4>;6=>AB8 2 :>=:@5B=KE >@30=870F8>==>-?5403>38G5A:8E CA;>28OE (=0?@8<5@, :0=8:C;O@=K9 ?5@8>4, =5 A>2?040NI89 A >B?CA:>< @01>B=8:>2, >B<5=0 4;O >1CG0NI8EAO, 2>A?8B0==8:>2 CG51=KE 70=OB89, 87<5=5=85 @568<0 >1@07>20B5;L=>3> ?@>F5AA0 ?> A0=8B0@=>-M?845<8>;>38G5A:8<, :;8<0B8G5A:8< 8 8=K< >A=>20=8O< 8 B.?.), 0 B0:65 CAB0=>2;5=85 B@51>20=89 : =5>1E>48<>9 A?5F80;L=>9 ?>43>B>2:5 @01>B=8:>2. 6.  F5;OE A>25@H5=AB2>20=8O >@30=870F88 8 ?>2KH5=8O MDD5:B82=>AB8 B@C40 @01>B=8:>2 CG@5645=8O 2>7<>6=> @0AH8@5=85 :@C30 8E >1O70==>AB59 ?> A@02=5=8N A CAB0=>2;5==K<8 A>>B25BAB2CNI59 :20;8D8:0F8>==>9 E0@0:B5@8AB8:>9.  MB8E A;CG0OE 157 87<5=5=8O 4>;6=>AB=>3> =08<5=>20=8O @01>B=8:C <>65B 1KBL ?>@CG5=> 2K?>;=5=85 >1O70==>AB59, ?@54CA<>B@5==KE :20;8D8:0F8>==K<8 E0@0:B5@8AB8:0<8 4@C38E 4>;6=>AB59, 1;87:8E ?> A>45@60=8N @01>B, @02=KE ?> A;>6=>AB8, 2K?>;=5=85 :>B>@KE =5 B@51C5B 4@C3>9 A?5F80;L=>AB8 8 :20;8D8:0F88. 7. @8 @07@01>B:5 4>;6=>AB=KE 8=AB@C:F89 ?> 4>;6=>ABO< @01>B=8:>2, >B=>AOI8<AO : >1I5>B@0A;52K< 4>;6=>ABO< A;C60I8E, 0 B0:65 ?> 4>;6=>ABO< @01>B=8:>2, A2>9AB25==K< 4@C38< 2840< M:>=><8G5A:>9 45OB5;L=>AB8 (<548F8=A:85 @01>B=8:8, @01>B=8:8 :C;LBC@K: EC4>65AB25==K5 @C:>2>48B5;8, 48@865@K, @568AA5@K, 10;5B<59AB5@K, E>@<59AB5@K, @01>B=8:8 181;8>B5: 8 4@.), ?@8<5=ONBAO :20;8D8:0F8>==K5 E0@0:B5@8AB8:8, ?@54CA<>B@5==K5 4;O A>>B25BAB2CNI8E 4>;6=>AB59 A;C60I8E A CB>G=5=85< ?5@5G=O @01>B, :>B>@K5 A2>9AB25==K A>>B25BAB2CNI59 4>;6=>AB8 2 :>=:@5B=KE >@30=870F8>==>-?5403>38G5A:8E CA;>28OE. 8. >;6=>AB=>5 =08<5=>20=85 "AB0@H89" ?@8<5=O5BAO ?@8 CA;>288, 5A;8 @01>B=8: =0@O4C A 2K?>;=5=85< >1O70==>AB59, ?@54CA<>B@5==KE ?> 70=8<05<>9 4>;6=>AB8, >ACI5AB2;O5B @C:>2>4AB2> ?>4G8=5==K<8 5<C 8A?>;=8B5;O<8. >;6=>ABL "AB0@H53>" <>65B CAB0=02;820BLAO 2 2845 8A:;NG5=8O 8 ?@8 >BACBAB288 8A?>;=8B5;59 2 =5?>A@54AB25==>< ?>4G8=5=88 @01>B=8:0, 5A;8 =0 =53> 2>7;030NBAO DC=:F88 @C:>2>4AB20 A0<>AB>OB5;L=K< CG0AB:>< @01>BK. 9. 8F0, =5 8<5NI85 A?5F80;L=>9 ?>43>B>2:8 8;8 AB060 @01>BK, CAB0=>2;5==KE 2 @0745;5 ""@51>20=8O : :20;8D8:0F88", => >1;040NI85 4>AB0B>G=K< ?@0:B8G5A:8< >?KB>< 8 :><?5B5=B=>ABLN, 2K?>;=ONI85 :0G5AB25==> 8 2 ?>;=>< >1J5<5 2>7;>65==K5 =0 =8E 4>;6=>AB=K5 >1O70==>AB8, ?> @5:><5=40F88 0BB5AB0F8>==>9 :><8AA88, 2 ?>@O4:5 8A:;NG5=8O, <>3CB 1KBL =07=0G5=K =0 A>>B25BAB2CNI85 4>;6=>AB8 B0: 65, :0: 8 ;8F0, 8<5NI85 A?5F80;L=CN ?>43>B>2:C 8 AB06 @01>BK. II. >;6=>AB8 @C:>2>48B5;59 C:>2>48B5;L (48@5:B>@, 70254CNI89, =0G0;L=8:) >1@07>20B5;L=>3> CG@5645=8O >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B @C:>2>4AB2> >1@07>20B5;L=K< CG@5645=85< 2 A>>B25BAB288 A 70:>=0<8 8 8=K<8 =>@<0B82=K<8 ?@02>2K<8 0:B0<8, CAB02>< >1@07>20B5;L=>3> CG@5645=8O. 15A?5G8205B A8AB5<=CN >1@07>20B5;L=CN (CG51=>-2>A?8B0B5;L=CN) 8 04<8=8AB@0B82=>-E>7O9AB25==CN (?@>872>4AB25==CN) @01>BC >1@07>20B5;L=>3> CG@5645=8O. 15A?5G8205B @50;870F8N D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, D545@0;L=KE 3>AC40@AB25==KE B@51>20=89. $>@<8@C5B :>=B8=35=B0 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), >15A?5G8205B >E@0=C 8E 687=8 8 74>@>2LO 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0, A>1;N45=85 ?@02 8 A2>1>4 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O 2 CAB0=>2;5==>< 70:>=>40B5;LAB2>< >AA89A:>9 $545@0F88 ?>@O4:5. ?@545;O5B AB@0B538N, F5;8 8 7040G8 @0728B8O >1@07>20B5;L=>3> CG@5645=8O, ?@8=8<05B @5H5=8O > ?@>3@0<<=>< ?;0=8@>20=88 53> @01>BK, CG0AB88 >1@07>20B5;L=>3> CG@5645=8O 2 @07;8G=KE ?@>3@0<<0E 8 ?@>5:B0E, >15A?5G8205B A>1;N45=85 B@51>20=89, ?@54JO2;O5<KE : CA;>28O< >1@07>20B5;L=>3> ?@>F5AA0, >1@07>20B5;L=K< ?@>3@0<<0<, @57C;LB0B0< 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O 8 : :0G5AB2C >1@07>20=8O, =5?@5@K2=>5 ?>2KH5=85 :0G5AB20 >1@07>20=8O 2 >1@07>20B5;L=>< CG@5645=88. 15A?5G8205B >1J5:B82=>ABL >F5=:8 :0G5AB20 >1@07>20=8O >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 2 >1@07>20B5;L=>< CG@5645=88. !>2<5AB=> A A>25B>< >1@07>20B5;L=>3> CG@5645=8O 8 >1I5AB25==K<8 >@30=870F8O<8 >ACI5AB2;O5B @07@01>B:C, CB25@645=85 8 @50;870F8N ?@>3@0<< @0728B8O >1@07>20B5;L=>3> CG@5645=8O, >1@07>20B5;L=>9 ?@>3@0<<K >1@07>20B5;L=>3> CG@5645=8O, CG51=KE ?;0=>2, CG51=KE ?@>3@0<< :C@A>2, 48AF8?;8=, 3>4>2KE :0;5=40@=KE CG51=KE 3@0D8:>2, CAB020 8 ?@028; 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O. !>7405B CA;>28O 4;O 2=54@5=8O 8==>20F89, >15A?5G8205B D>@<8@>20=85 8 @50;870F8N 8=8F80B82 @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O, =0?@02;5==KE =0 C;CGH5=85 @01>BK >1@07>20B5;L=>3> CG@5645=8O 8 ?>2KH5=85 :0G5AB20 >1@07>20=8O, ?>445@68205B 1;03>?@8OB=K9 <>@0;L=>-?A8E>;>38G5A:89 :;8<0B 2 :>;;5:B825.  ?@545;0E A2>8E ?>;=><>G89 @0A?>@O605BAO 1N465B=K<8 A@54AB20<8, >15A?5G8205B @57C;LB0B82=>ABL 8 MDD5:B82=>ABL 8E 8A?>;L7>20=8O.  ?@545;0E CAB0=>2;5==KE A@54AB2 D>@<8@C5B D>=4 >?;0BK B@C40 A @0745;5=85< 53> =0 107>2CN 8 AB8<C;8@CNICN G0ABL. #B25@6405B AB@C:BC@C 8 HB0B=>5 @0A?8A0=85 >1@07>20B5;L=>3> CG@5645=8O. 5H05B :04@>2K5, 04<8=8AB@0B82=K5, D8=0=A>2K5, E>7O9AB25==K5 8 8=K5 2>?@>AK 2 A>>B25BAB288 A CAB02>< >1@07>20B5;L=>3> CG@5645=8O. ACI5AB2;O5B ?>41>@ 8 @0AAB0=>2:C :04@>2. !>7405B CA;>28O 4;O =5?@5@K2=>3> ?>2KH5=8O :20;8D8:0F88 @01>B=8:>2. 15A?5G8205B CAB0=>2;5=85 70@01>B=>9 ?;0BK @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O, 2 B>< G8A;5 AB8<C;8@CNI59 G0AB8 (=04102>:, 4>?;0B : >:;040< (4>;6=>AB=K< >:;040<) AB02:0< 70@01>B=>9 ?;0BK @01>B=8:>2) 2K?;0BC 2 ?>;=>< @07<5@5 ?@8G8B0NI59AO @01>B=8:0< 70@01>B=>9 ?;0BK 2 A@>:8, CAB0=>2;5==K5 :>;;5:B82=K< 4>3>2>@><, ?@028;0<8 2=CB@5==53> B@C4>2>3> @0A?>@O4:0, B@C4>2K<8 4>3>2>@0<8. @8=8<05B <5@K ?> >15A?5G5=8N 157>?0A=>AB8 8 CA;>289 B@C40, A>>B25BAB2CNI8E B@51>20=8O< >E@0=K B@C40. @8=8<05B <5@K ?> >15A?5G5=8N >1@07>20B5;L=>3> CG@5645=8O :20;8D8F8@>20==K<8 :04@0<8, @0F8>=0;L=><C 8A?>;L7>20=8N 8 @0728B8N 8E ?@>D5AA8>=0;L=KE 7=0=89 8 >?KB0, >15A?5G8205B D>@<8@>20=85 @575@20 :04@>2 2 F5;OE 70<5I5=8O 20:0=B=KE 4>;6=>AB59 2 >1@07>20B5;L=>< CG@5645=88. @30=87C5B 8 :>>@48=8@C5B @50;870F8N <5@ ?> ?>2KH5=8N <>B820F88 @01>B=8:>2 : :0G5AB25==><C B@C4C, 2 B>< G8A;5 =0 >A=>25 8E <0B5@80;L=>3> AB8<C;8@>20=8O, ?> ?>2KH5=8N ?@5AB86=>AB8 B@C40 2 >1@07>20B5;L=>< CG@5645=88, @0F8>=0;870F88 C?@02;5=8O 8 C:@5?;5=8N 48AF8?;8=K B@C40. !>7405B CA;>28O, >15A?5G820NI85 CG0AB85 @01>B=8:>2 2 C?@02;5=88 >1@07>20B5;L=K< CG@5645=85<. @8=8<05B ;>:0;L=K5 =>@<0B82=K5 0:BK >1@07>20B5;L=>3> CG@5645=8O, A>45@60I85 =>@<K B@C4>2>3> ?@020, 2 B>< G8A;5 ?> 2>?@>A0< CAB0=>2;5=8O A8AB5<K >?;0BK B@C40 A CG5B>< <=5=8O ?@54AB028B5;L=>3> >@30=0 @01>B=8:>2. ;0=8@C5B, :>>@48=8@C5B 8 :>=B@>;8@C5B @01>BC AB@C:BC@=KE ?>4@0745;5=89, ?5403>38G5A:8E 8 4@C38E @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O. 15A?5G8205B MDD5:B82=>5 2708<>459AB285 8 A>B@C4=8G5AB2> A >@30=0<8 3>AC40@AB25==>9 2;0AB8, <5AB=>3> A0<>C?@02;5=8O, >@30=870F8O<8, >1I5AB25==>ABLN, @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), 3@0640=0<8. @54AB02;O5B >1@07>20B5;L=>5 CG@5645=85 2 3>AC40@AB25==KE, <C=8F8?0;L=KE, >1I5AB25==KE 8 8=KE >@30=0E, CG@5645=8OE, 8=KE >@30=870F8OE. !>459AB2C5B 45OB5;L=>AB8 CG8B5;LA:8E (?5403>38G5A:8E), ?A8E>;>38G5A:8E >@30=870F89 8 <5B>48G5A:8E >1J548=5=89, >1I5AB25==KE (2 B>< G8A;5 45BA:8E 8 <>;>456=KE) >@30=870F89. 15A?5G8205B CG5B, A>E@0==>ABL 8 ?>?>;=5=85 CG51=>-<0B5@80;L=>9 107K, A>1;N45=85 ?@028; A0=8B0@=>-38385=8G5A:>3> @568<0 8 >E@0=K B@C40, CG5B 8 E@0=5=85 4>:C<5=B0F88, ?@82;5G5=85 4;O >ACI5AB2;5=8O 45OB5;L=>AB8, ?@54CA<>B@5==>9 CAB02>< >1@07>20B5;L=>3> CG@5645=8O 4>?>;=8B5;L=KE 8AB>G=8:>2 D8=0=A>2KE 8 <0B5@80;L=KE A@54AB2. 15A?5G8205B ?@54AB02;5=85 CG@548B5;N 5653>4=>3> >BG5B0 > ?>ABC?;5=88, @0AE>4>20=88 D8=0=A>2KE 8 <0B5@80;L=KE A@54AB2 8 ?C1;8G=>3> >BG5B0 > 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O 2 F5;><. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; ?5403>38:C; 4>AB865=8O A>2@5<5==>9 ?A8E>;>3>-?5403>38G5A:>9 =0C:8 8 ?@0:B8:8; ?A8E>;>38N; >A=>2K D878>;>388, 38385=K; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; >A=>2K M:>=><8:8, A>F8>;>388; A?>A>1K >@30=870F88 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O; 3@0640=A:>5, 04<8=8AB@0B82=>5, B@C4>2>5, 1N465B=>5, =0;>3>2>5 70:>=>40B5;LAB2> 2 G0AB8, :0A0NI59AO @53C;8@>20=8O 45OB5;L=>AB8 >1@07>20B5;L=KE CG@5645=89 8 >@30=>2 C?@02;5=8O >1@07>20=85< @07;8G=KE C@>2=59; >A=>2K <5=546<5=B0, C?@02;5=8O ?5@A>=0;><; >A=>2K C?@02;5=8O ?@>5:B0<8; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8O< ?>43>B>2:8 ">AC40@AB25==>5 8 <C=8F8?0;L=>5 C?@02;5=85", "5=546<5=B", "#?@02;5=85 ?5@A>=0;><" 8 AB06 @01>BK =0 ?5403>38G5A:8E 4>;6=>ABOE =5 <5=55 5 ;5B, 8;8 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 2 >1;0AB8 3>AC40@AB25==>3> 8 <C=8F8?0;L=>3> C?@02;5=8O 8;8 <5=546<5=B0 8 M:>=><8:8 8 AB06 @01>BK =0 ?5403>38G5A:8E 8;8 @C:>2>4OI8E 4>;6=>ABOE =5 <5=55 5 ;5B. 0<5AB8B5;L @C:>2>48B5;O (48@5:B>@0, 70254CNI53>, =0G0;L=8:0) >1@07>20B5;L=>3> CG@5645=8O >;6=>AB=K5 >1O70==>AB8. @30=87C5B B5:CI55 8 ?5@A?5:B82=>5 ?;0=8@>20=85 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O. >>@48=8@C5B @01>BC ?@5?>4020B5;59, 2>A?8B0B5;59, <0AB5@>2 ?@>872>4AB25==>3> >1CG5=8O, 4@C38E ?5403>38G5A:8E 8 8=KE @01>B=8:>2, 0 B0:65 @07@01>B:C CG51=>-<5B>48G5A:>9 8 8=>9 4>:C<5=B0F88, =5>1E>48<>9 4;O 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O. 15A?5G8205B 8A?>;L7>20=85 8 A>25@H5=AB2>20=85 <5B>4>2 >@30=870F88 >1@07>20B5;L=>3> ?@>F5AA0 8 A>2@5<5==KE >1@07>20B5;L=KE B5E=>;>389, 2 B>< G8A;5 48AB0=F8>==KE. ACI5AB2;O5B :>=B@>;L 70 :0G5AB2>< >1@07>20B5;L=>3> (CG51=>-2>A?8B0B5;L=>3>) ?@>F5AA0, >1J5:B82=>ABLN >F5=:8 @57C;LB0B>2 >1@07>20B5;L=>9 45OB5;L=>AB8 >1CG0NI8EAO, @01>B>9 :@C6:>2 8 D0:C;LB0B82>2, >15A?5G5=85< C@>2=O ?>43>B>2:8 >1CG0NI8EAO, A>>B25BAB2CNI53> B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, D545@0;L=KE 3>AC40@AB25==KE B@51>20=89. @30=87C5B @01>BC ?> ?>43>B>2:5 8 ?@>2545=8N M:70<5=>2. >>@48=8@C5B 2708<>459AB285 <564C ?@54AB028B5;O<8 ?5403>38G5A:>9 =0C:8 8 ?@0:B8:8. @30=87C5B ?@>A25B8B5;LA:CN @01>BC 4;O @>48B5;59 (;8F, 8E 70<5=ONI8E). :07K205B ?><>IL ?5403>38G5A:8< @01>B=8:0< 2 >A2>5=88 8 @07@01>B:5 8==>20F8>==KE ?@>3@0<< 8 B5E=>;>389. @30=87C5B CG51=>-2>A?8B0B5;L=CN, <5B>48G5A:CN, :C;LBC@=>-<0AA>2CN, 2=5:;0AA=CN @01>BC. ACI5AB2;O5B :>=B@>;L 70 CG51=>9 =03@C7:>9 >1CG0NI8EAO, 2>A?8B0==8:>2. !>AB02;O5B @0A?8A0=85 CG51=KE 70=OB89 8 4@C38E 284>2 CG51=>9 8 2>A?8B0B5;L=>9 (2 B>< G8A;5 :C;LBC@=>-4>AC3>2>9) 45OB5;L=>AB8. 15A?5G8205B A2>52@5<5==>5 A>AB02;5=85, CB25@645=85, ?@54AB02;5=85 >BG5B=>9 4>:C<5=B0F88. :07K205B ?><>IL >1CG0NI8<AO (2>A?8B0==8:0<, 45BO<) 2 ?@>2545=88 :C;LBC@=>-?@>A25B8B5;LA:8E 8 >74>@>28B5;L=KE <5@>?@8OB89. ACI5AB2;O5B :><?;5:B>20=85 8 ?@8=8<05B <5@K ?> A>E@0=5=8N :>=B8=35=B0 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 2 :@C6:0E. #G0AB2C5B 2 ?>41>@5 8 @0AAB0=>2:5 ?5403>38G5A:8E :04@>2, >@30=87C5B ?>2KH5=85 8E :20;8D8:0F88 8 ?@>D5AA8>=0;L=>3> <0AB5@AB20. =>A8B ?@54;>65=8O ?> A>25@H5=AB2>20=8N >1@07>20B5;L=>3> ?@>F5AA0 8 C?@02;5=8O >1@07>20B5;L=K< CG@5645=85<. @8=8<05B CG0AB85 2 ?>43>B>2:5 8 ?@>2545=88 0BB5AB0F88 ?5403>38G5A:8E 8 4@C38E @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O. @8=8<05B <5@K ?> >A=0I5=8N <0AB5@A:8E, CG51=KE ;01>@0B>@89 8 :018=5B>2 A>2@5<5==K< >1>@C4>20=85<, =03;O4=K<8 ?>A>18O<8 8 B5E=8G5A:8<8 A@54AB20<8 >1CG5=8O, ?>?>;=5=8N 181;8>B5: 8 <5B>48G5A:8E :018=5B>2 CG51=>-<5B>48G5A:>9, EC4>65AB25==>9 8 ?5@8>48G5A:>9 ;8B5@0BC@>9. ACI5AB2;O5B :>=B@>;L 70 A>AB>O=85< <548F8=A:>3> >1A;C6820=8O >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), 68;8I=>-1KB>2KE CA;>289 2 >1I568B8OE. @8 2K?>;=5=88 >1O70==>AB59 70<5AB8B5;O @C:>2>48B5;O >1@07>20B5;L=>3> CG@5645=8O ?> 04<8=8AB@0B82=>-E>7O9AB25==>9 @01>B5 (G0AB8) >ACI5AB2;O5B @C:>2>4AB2> E>7O9AB25==>9 45OB5;L=>ABLN >1@07>20B5;L=>3> CG@5645=8O. ACI5AB2;O5B :>=B@>;L 70 E>7O9AB25==K< >1A;C6820=85< 8 =04;560I8< A>AB>O=85< >1@07>20B5;L=>3> CG@5645=8O. @30=87C5B :>=B@>;L 70 @0F8>=0;L=K< @0AE>4>20=85< <0B5@80;>2 8 D8=0=A>2KE A@54AB2 >1@07>20B5;L=>3> CG@5645=8O. @8=8<05B <5@K ?> @0AH8@5=8N E>7O9AB25==>9 A0<>AB>OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O, A2>52@5<5==><C 70:;NG5=8N =5>1E>48<KE 4>3>2>@>2, ?@82;5G5=8N 4;O >ACI5AB2;5=8O 45OB5;L=>AB8, ?@54CA<>B@5==>9 CAB02>< >1@07>20B5;L=>3> CG@5645=8O, 4>?>;=8B5;L=KE 8AB>G=8:>2 D8=0=A>2KE 8 <0B5@80;L=KE A@54AB2. @30=87C5B @01>BC ?> ?@>2545=8N 0=0;870 8 >F5=:8 D8=0=A>2KE @57C;LB0B>2 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O, @07@01>B:5 8 @50;870F88 <5@>?@8OB89 ?> ?>2KH5=8N MDD5:B82=>AB8 8A?>;L7>20=8O 1N465B=KE A@54AB2. 15A?5G8205B :>=B@>;L 70 A2>52@5<5==K< 8 ?>;=K< 2K?>;=5=85< 4>3>2>@=KE >1O70B5;LAB2, ?>@O4:0 >D>@<;5=8O D8=0=A>2>-E>7O9AB25==KE >?5@0F89. @8=8<05B <5@K ?> >15A?5G5=8N =5>1E>48<KE A>F80;L=>-1KB>2KE CA;>289 4;O >1CG0NI8EAO, 2>A?8B0==8:>2 8 @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O. >B>28B >BG5B CG@548B5;N > ?>ABC?;5=88 8 @0AE>4>20=88 D8=0=A>2KE 8 <0B5@80;L=KE A@54AB2. C:>2>48B @01>B0<8 ?> 1;03>CAB@>9AB2C, >75;5=5=8N 8 C1>@:5 B5@@8B>@88 >1@07>20B5;L=>3> CG@5645=8O. >>@48=8@C5B @01>BC ?>4G8=5==KE 5<C A;C61 8 AB@C:BC@=KE ?>4@0745;5=89. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; ?5403>38:C; 4>AB865=8O A>2@5<5==>9 ?A8E>;>3>-?5403>38G5A:>9 =0C:8 8 ?@0:B8:8; ?A8E>;>38N; >A=>2K D878>;>388, 38385=K; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; >A=>2K M:>=><8:8, A>F8>;>388; A?>A>1K >@30=870F88 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O; 3@0640=A:>5, 04<8=8AB@0B82=>5, B@C4>2>5, 1N465B=>5, =0;>3>2>5 70:>=>40B5;LAB2> 2 G0AB8, :0A0NI59AO @53C;8@>20=8O 45OB5;L=>AB8 >1@07>20B5;L=KE CG@5645=89 8 >@30=>2 C?@02;5=8O >1@07>20=85< @07;8G=KE C@>2=59; >A=>2K <5=546<5=B0, C?@02;5=8O ?5@A>=0;><; >A=>2K C?@02;5=8O ?@>5:B0<8; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8O< ?>43>B>2:8 ">AC40@AB25==>5 8 <C=8F8?0;L=>5 C?@02;5=85", "5=546<5=B", "#?@02;5=85 ?5@A>=0;><" 8 AB06 @01>BK =0 ?5403>38G5A:8E 8;8 @C:>2>4OI8E 4>;6=>ABOE =5 <5=55 5 ;5B, 8;8 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 2 >1;0AB8 3>AC40@AB25==>3> 8 <C=8F8?0;L=>3> C?@02;5=8O, <5=546<5=B0 8 M:>=><8:8 8 AB06 @01>BK =0 ?5403>38G5A:8E 8;8 @C:>2>4OI8E 4>;6=>ABOE =5 <5=55 5 ;5B. C:>2>48B5;L (70254CNI89, =0G0;L=8:, 48@5:B>@, C?@02;ONI89) AB@C:BC@=>3> ?>4@0745;5=8O >;6=>AB=K5 >1O70==>AB8. C:>2>48B 45OB5;L=>ABLN AB@C:BC@=>3> ?>4@0745;5=8O >1@07>20B5;L=>3> CG@5645=8O: CG51=>-:>=AC;LB0F8>==K< ?C=:B><, >B45;5=85<, >B45;><, A5:F859, ;01>@0B>@859, :018=5B><, CG51=>9 8;8 CG51=>-?@>872>4AB25==>9 <0AB5@A:>9, 8=B5@=0B>< ?@8 H:>;5, >1I568B85<, CG51=K< E>7O9AB2><, ?@>872>4AB25==>9 ?@0:B8:>9 8 4@C38<8 AB@C:BC@=K<8 ?>4@0745;5=8O<8 (40;55 - AB@C:BC@=>5 ?>4@0745;5=85). @30=87C5B B5:CI55 8 ?5@A?5:B82=>5 ?;0=8@>20=85 45OB5;L=>AB8 AB@C:BC@=>3> ?>4@0745;5=8O A CG5B>< F5;59, 7040G 8 =0?@02;5=89, 4;O @50;870F88 :>B>@KE >=> A>740=>, >15A?5G8205B :>=B@>;L 70 2K?>;=5=85< ?;0=>2KE 7040=89, :>>@48=8@C5B @01>BC ?@5?>4020B5;59, 2>A?8B0B5;59 8 4@C38E ?5403>38G5A:8E @01>B=8:>2 ?> 2K?>;=5=8N CG51=KE (>1@07>20B5;L=KE) ?;0=>2 8 ?@>3@0<<, @07@01>B:5 =5>1E>48<>9 CG51=>-<5B>48G5A:>9 4>:C<5=B0F88. 15A?5G8205B :>=B@>;L 70 :0G5AB2>< >1@07>20B5;L=>3> ?@>F5AA0 8 >1J5:B82=>ABLN >F5=:8 @57C;LB0B>2 CG51=>9 8 2=5CG51=>9 45OB5;L=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2, >15A?5G5=85< C@>2=O ?>43>B>2:8 >1CG0NI8EAO, 2>A?8B0==8:>2, A>>B25BAB2CNI53> B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0. !>7405B CA;>28O 4;O @07@01>B:8 @01>G8E >1@07>20B5;L=KE ?@>3@0<< AB@C:BC@=>3> ?>4@0745;5=8O. :07K205B ?><>IL ?5403>38G5A:8< @01>B=8:0< 2 >A2>5=88 8 @07@01>B:5 8==>20F8>==KE ?@>3@0<< 8 B5E=>;>389. @30=87C5B @01>BC ?> ?>43>B>2:5 8 ?@>2545=8N 8B>3>2>9 0BB5AB0F88, ?@>A25B8B5;LA:CN @01>BC 4;O @>48B5;59. @30=87C5B <5B>48G5A:CN, :C;LBC@=>-<0AA>2CN, 2=5:;0AA=CN @01>BC. ACI5AB2;O5B :>=B@>;L 70 CG51=>9 =03@C7:>9 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59). #G0AB2C5B 2 :><?;5:B>20=88 :>=B8=35=B0 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 ?@8=8<05B <5@K ?> 53> A>E@0=5=8N, CG0AB2C5B 2 A>AB02;5=88 @0A?8A0=8O CG51=KE 70=OB89 8 4@C38E 284>2 45OB5;L=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59). =>A8B ?@54;>65=8O ?> A>25@H5=AB2>20=8N >1@07>20B5;L=>3> ?@>F5AA0 8 C?@02;5=8O >1@07>20B5;L=K< CG@5645=85<. #G0AB2C5B 2 ?>41>@5 8 @0AAB0=>2:5 ?5403>38G5A:8E 8 8=KE :04@>2, 2 >@30=870F88 ?>2KH5=8O 8E :20;8D8:0F88 8 ?@>D5AA8>=0;L=>3> <0AB5@AB20. @8=8<05B CG0AB85 2 ?>43>B>2:5 8 ?@>2545=88 0BB5AB0F88 ?5403>38G5A:8E 8 4@C38E @01>B=8:>2 CG@5645=8O. 15A?5G8205B A2>52@5<5==>5 A>AB02;5=85 CAB0=>2;5==>9 >BG5B=>9 4>:C<5=B0F88. @8=8<05B CG0AB85 2 @0728B88 8 C:@5?;5=88 CG51=>-<0B5@80;L=>9 107K CG@5645=8O, >A=0I5=88 <0AB5@A:8E, CG51=KE ;01>@0B>@89 8 :018=5B>2 A>2@5<5==K< >1>@C4>20=85<, =03;O4=K<8 ?>A>18O<8 8 B5E=8G5A:8<8 A@54AB20<8 >1CG5=8O, 2 A>E@0==>AB8 >1>@C4>20=8O 8 8=25=B0@O, >A=0I5=88 8 ?>?>;=5=88 181;8>B5: 8 <5B>48G5A:8E :018=5B>2 CG51=>-<5B>48G5A:>9 8 EC4>65AB25==>9 ;8B5@0BC@>9, ?5@8>48G5A:8<8 8740=8O<8, 2 <5B>48G5A:>< >15A?5G5=88 >1@07>20B5;L=>3> ?@>F5AA0. ACI5AB2;O5B :>=B@>;L 70 A>AB>O=85< <548F8=A:>3> >1A;C6820=8O >1CG0NI8EAO, 2>A?8B0==8:>2. @30=87C5B 70:;NG5=85 4>3>2>@>2 A 708=B5@5A>20==K<8 >@30=870F8O<8 ?> ?>43>B>2:5 :04@>2. @8=8<05B <5@K ?> >15A?5G5=8N A>740=8O =5>1E>48<KE A>F80;L=>-1KB>2KE CA;>289 >1CG0NI8<AO (2>A?8B0==8:0<, 45BO<) 8 @01>B=8:0< >1@07>20B5;L=>3> CG@5645=8O. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; ?5403>38:C; 4>AB865=8O A>2@5<5==>9 ?A8E>;>3>-?5403>38G5A:>9 =0C:8 8 ?@0:B8:8; ?A8E>;>38N; >A=>2K D878>;>388, 38385=K; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; >A=>2K M:>=><8:8, A>F8>;>388; A?>A>1K >@30=870F88 D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O; 3@0640=A:>5, 04<8=8AB@0B82=>5, B@C4>2>5, 1N465B=>5, =0;>3>2>5 70:>=>40B5;LAB2> 2 G0AB8, :0A0NI59AO @53C;8@>20=8O 45OB5;L=>AB8 >1@07>20B5;L=KE CG@5645=89 8 >@30=>2 C?@02;5=8O >1@07>20=85< @07;8G=KE C@>2=59; >A=>2K <5=546<5=B0, C?@02;5=8O ?5@A>=0;><; >A=>2K C?@02;5=8O ?@>5:B0<8; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> A?5F80;L=>AB8, A>>B25BAB2CNI59 ?@>D8;N AB@C:BC@=>3> ?>4@0745;5=8O >1@07>20B5;L=>3> CG@5645=8O, 8 AB06 @01>BK ?> A?5F80;L=>AB8, A>>B25BAB2CNI59 ?@>D8;N AB@C:BC@=>3> ?>4@0745;5=8O >1@07>20B5;L=>3> CG@5645=8O, =5 <5=55 3 ;5B. !B0@H89 <0AB5@ >;6=>AB=K5 >1O70==>AB8. C:>2>48B ?@0:B8G5A:8<8 70=OB8O<8 8 CG51=>-?@>872>4AB25==K<8 @01>B0<8 ?> ?@>D5AA8>=0;L=><C (?@>872>4AB25==><C) >1CG5=8N, CG0AB2C5B 2 ?@>2545=88 @01>BK ?> ?@>D5AA8>=0;L=>9 >@85=B0F88 >1CG0NI8EAO >1@07>20B5;L=KE CG@5645=89 (?>4@0745;5=89) =0G0;L=>3> 8/8;8 A@54=53> ?@>D5AA8>=0;L=>3> >1@07>20=8O. C:>2>48B 45OB5;L=>ABLN <0AB5@>2 ?@>872>4AB25==>3> >1CG5=8O. @30=87C5B ?>AB02:C =5>1E>48<>3> 4;O >1CG5=8O >1>@C4>20=8O 8 A>>B25BAB2CNI55 >A=0I5=85 70=OB89. @8=8<05B <5@K : A2>52@5<5==><C >15A?5G5=8N >1CG0NI8EAO >1>@C4>20=85<, 8=AB@C<5=B0<8, <0B5@80;0<8 8 A@54AB20<8 >1CG5=8O. 15A?5G8205B A>1;N45=85 157>?0A=>AB8 B@C40, 0 B0:65 >2;045=85 >1CG0NI8<8AO ?5@54>2K<8 <5B>40<8 B@C40, A>2@5<5==>9 B5E=8:>9 8 B5E=>;>3859 ?@>872>4AB20. >=B@>;8@C5B 2K?>;=5=85 ?@0:B8G5A:8E @01>B 8 C@>25=L ?>43>B>2:8 >1CG0NI8EAO, A>>B25BAB2CNI89 B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0. @8=8<05B CG0AB85 2 >@30=870F88 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O, =0?@02;5==>9 =0 ?@82;5G5=85 4>?>;=8B5;L=KE 8AB>G=8:>2 D8=0=A>2KE 8 <0B5@80;L=KE A@54AB2, 2 B.G. A2O70==>9 A 873>B>2;5=85< :0G5AB25==>9 ?@>4C:F88 8 >:070=85< CA;C3 =0A5;5=8N. @8=8<05B CG0AB85 2 70:;NG5=88 4>3>2>@>2 A >@30=870F8O<8 > ?@>2545=88 CG51=>9 ?@0:B8:8 (?@>872>4AB25==>3> >1CG5=8O) 8 >ACI5AB2;O5B :>=B@>;L 70 8E 2K?>;=5=85<. 15A?5G8205B ?>43>B>2:C >1CG0NI8EAO : 2K?>;=5=8N :20;8D8:0F8>==KE @01>B 8 A40G5 :20;8D8:0F8>==KE M:70<5=>2. #G0AB2C5B 2 @01>B5 ?@54<5B=KE (F8:;>2KE) :><8AA89 (<5B>48G5A:8E >1J548=5=89), :>=D5@5=F89, A5<8=0@>2. !?>A>1AB2C5B >1I5>1@07>20B5;L=><C, ?@>D5AA8>=0;L=><C, :C;LBC@=><C @0728B8N >1CG0NI8EAO, ?@82;5:05B 8E : B5E=8G5A:><C B2>@G5AB2C. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; ?5403>38:C, ?5403>38G5A:CN ?A8E>;>38N; 4>AB865=8O A>2@5<5==>9 ?A8E>;>3>-?5403>38G5A:>9 =0C:8 8 ?@0:B8:8; >A=>2K D878>;>388, 38385=K; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8, :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, ?@020, A>F8>;>388, D8=0=A>2>-E>7O9AB25==>9 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O; 04<8=8AB@0B82=>5, B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> A?5F80;L=>AB8, A>>B25BAB2CNI59 ?@>D8;O< >1CG5=8O, 8 AB06 @01>BK =5 <5=55 2 ;5B 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> A?5F80;L=>AB8, A>>B25BAB2CNI59 ?@>D8;O< >1CG5=8O, 8 AB06 @01>BK =5 <5=55 5 ;5B. III. >;6=>AB8 ?5403>38G5A:8E @01>B=8:>2 #G8B5;L >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B >1CG5=85 8 2>A?8B0=85 >1CG0NI8EAO A CG5B>< 8E ?A8E>;>3>-D878>;>38G5A:8E >A>15==>AB59 8 A?5F8D8:8 ?@5?>40205<>3> ?@54<5B0, A?>A>1AB2C5B D>@<8@>20=8N >1I59 :C;LBC@K ;8G=>AB8, A>F80;870F88, >A>7=0==>3> 2K1>@0 8 >A2>5=8O >1@07>20B5;L=KE ?@>3@0<<, 8A?>;L7CO @07=>>1@07=K5 D>@<K, ?@85<K, <5B>4K 8 A@54AB20 >1CG5=8O, 2 B>< G8A;5 ?> 8=48284C0;L=K< CG51=K< ?;0=0<, CA:>@5==K< :C@A0< 2 @0<:0E D545@0;L=KE 3>AC40@AB25==KE >1@07>20B5;L=KE AB0=40@B>2, A>2@5<5==K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5, 0 B0:65 F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK. 1>A=>20==> 2K18@05B ?@>3@0<<K 8 CG51=>-<5B>48G5A:>5 >15A?5G5=85, 2:;NG0O F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK. @>2>48B CG51=K5 70=OB8O, >?8@0OAL =0 4>AB865=8O 2 >1;0AB8 ?5403>38G5A:>9 8 ?A8E>;>38G5A:>9 =0C:, 2>7@0AB=>9 ?A8E>;>388 8 H:>;L=>9 38385=K, 0 B0:65 A>2@5<5==KE 8=D>@<0F8>==KE B5E=>;>389 8 <5B>48: >1CG5=8O. ;0=8@C5B 8 >ACI5AB2;O5B CG51=K9 ?@>F5AA 2 A>>B25BAB288 A >1@07>20B5;L=>9 ?@>3@0<<>9 >1@07>20B5;L=>3> CG@5645=8O, @07@010BK205B @01>GCN ?@>3@0<<C ?> ?@54<5BC, :C@AC =0 >A=>25 ?@8<5@=KE >A=>2=KE >1I5>1@07>20B5;L=KE ?@>3@0<< 8 >15A?5G8205B 55 2K?>;=5=85, >@30=87CO 8 ?>445@6820O @07=>>1@07=K5 284K 45OB5;L=>AB8 >1CG0NI8EAO, >@85=B8@COAL =0 ;8G=>ABL >1CG0NI53>AO, @0728B85 53> <>B820F88, ?>7=020B5;L=KE 8=B5@5A>2, A?>A>1=>AB59, >@30=87C5B A0<>AB>OB5;L=CN 45OB5;L=>ABL >1CG0NI8EAO, 2 B>< G8A;5 8AA;54>20B5;LA:CN, @50;87C5B ?@>1;5<=>5 >1CG5=85, >ACI5AB2;O5B A2O7L >1CG5=8O ?> ?@54<5BC (:C@AC, ?@>3@0<<5) A ?@0:B8:>9, >1AC6405B A >1CG0NI8<8AO 0:BC0;L=K5 A>1KB8O A>2@5<5==>AB8. 15A?5G8205B 4>AB865=85 8 ?>4B25@645=85 >1CG0NI8<8AO C@>2=59 >1@07>20=8O (>1@07>20B5;L=KE F5=7>2). F5=8205B MDD5:B82=>ABL 8 @57C;LB0BK >1CG5=8O >1CG0NI8EAO ?> ?@54<5BC (:C@AC, ?@>3@0<<5), CG8BK20O >A2>5=85 7=0=89, >2;045=85 C<5=8O<8, @0728B85 >?KB0 B2>@G5A:>9 45OB5;L=>AB8, ?>7=020B5;L=>3> 8=B5@5A0 >1CG0NI8EAO, 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. !>1;N405B ?@020 8 A2>1>4K >1CG0NI8EAO, ?>445@68205B CG51=CN 48AF8?;8=C, @568< ?>A5I5=8O 70=OB89, C2060O G5;>25G5A:>5 4>AB>8=AB2>, G5ABL 8 @5?CB0F8N >1CG0NI8EAO. ACI5AB2;O5B :>=B@>;L=>->F5=>G=CN 45OB5;L=>ABL 2 >1@07>20B5;L=>< ?@>F5AA5 A 8A?>;L7>20=85< A>2@5<5==KE A?>A>1>2 >F5=820=8O 2 CA;>28OE 8=D>@<0F8>==>-:><<C=8:0F8>==KE B5E=>;>389 (2545=85 M;5:B@>==KE D>@< 4>:C<5=B0F88, 2 B>< G8A;5 M;5:B@>==>3> 6C@=0;0 8 4=52=8:>2 >1CG0NI8EAO). =>A8B ?@54;>65=8O ?> A>25@H5=AB2>20=8N >1@07>20B5;L=>3> ?@>F5AA0 2 >1@07>20B5;L=>< CG@5645=88. #G0AB2C5B 2 45OB5;L=>AB8 ?5403>38G5A:>3> 8 8=KE A>25B>2 >1@07>20B5;L=>3> CG@5645=8O, 0 B0:65 2 45OB5;L=>AB8 <5B>48G5A:8E >1J548=5=89 8 4@C38E D>@<0E <5B>48G5A:>9 @01>BK. 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. ACI5AB2;O5B A2O7L A @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8). K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; >A=>2K >1I5B5>@5B8G5A:8E 48AF8?;8= 2 >1J5<5, =5>1E>48<>< 4;O @5H5=8O ?5403>38G5A:8E, =0CG=>-<5B>48G5A:8E 8 >@30=870F8>==>-C?@02;5=G5A:8E 7040G; ?5403>38:C, ?A8E>;>38N, 2>7@0AB=CN D878>;>38N; H:>;L=CN 38385=C; <5B>48:C ?@5?>4020=8O ?@54<5B0; ?@>3@0<<K 8 CG51=8:8 ?> ?@5?>40205<><C ?@54<5BC; <5B>48:C 2>A?8B0B5;L=>9 @01>BK; B@51>20=8O : >A=0I5=8N 8 >1>@C4>20=8N CG51=KE :018=5B>2 8 ?>4A>1=KE ?><5I5=89 : =8<; A@54AB20 >1CG5=8O 8 8E 4840:B8G5A:85 2>7<>6=>AB8; >A=>2K =0CG=>9 >@30=870F88 B@C40; =>@<0B82=K5 4>:C<5=BK ?> 2>?@>A0< >1CG5=8O 8 2>A?8B0=8O 45B59 8 <>;>4568; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, A>F8>;>388; B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 8;8 2 >1;0AB8, A>>B25BAB2CNI59 ?@5?>40205<><C ?@54<5BC, 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK, ;81> 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N 45OB5;L=>AB8 2 >1@07>20B5;L=>< CG@5645=88 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. @5?>4020B5;L1 >;6=>AB=K5 >1O70==>AB8. @>2>48B >1CG5=85 >1CG0NI8EAO 2 A>>B25BAB288 A B@51>20=8O<8 D545@0;L=KE 3>AC40@AB25==KE >1@07>20B5;L=KE AB0=40@B>2. @30=87C5B 8 :>=B@>;8@C5B 8E A0<>AB>OB5;L=CN @01>BC, 8=48284C0;L=K5 >1@07>20B5;L=K5 B@05:B>@88 (?@>3@0<<K), 8A?>;L7CO =081>;55 MDD5:B82=K5 D>@<K, <5B>4K 8 A@54AB20 >1CG5=8O, =>2K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5. !>459AB2C5B @0728B8N ;8G=>AB8, B0;0=B>2 8 A?>A>1=>AB59 >1CG0NI8EAO, D>@<8@>20=8N 8E >1I59 :C;LBC@K, @0AH8@5=8N A>F80;L=>9 AD5@K 2 8E 2>A?8B0=88. 15A?5G8205B 4>AB865=85 8 ?>4B25@645=85 >1CG0NI8<8AO C@>2=59 >1@07>20=8O (>1@07>20B5;L=KE F5=7>2). F5=8205B MDD5:B82=>ABL >1CG5=8O ?@54<5BC (48AF8?;8=5, :C@AC) >1CG0NI8EAO, CG8BK20O >A2>5=85 8<8 7=0=89, >2;045=85 C<5=8O<8, ?@8<5=5=85 ?>;CG5==KE =02K:>2, @0728B85 >?KB0 B2>@G5A:>9 45OB5;L=>AB8, ?>7=020B5;L=>3> 8=B5@5A0, 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. !>1;N405B ?@020 8 A2>1>4K >1CG0NI8EAO. >445@68205B CG51=CN 48AF8?;8=C, @568< ?>A5I5=8O 70=OB89, C2060O G5;>25G5A:>5 4>AB>8=AB2>, G5ABL 8 @5?CB0F8N >1CG0NI8EAO. ACI5AB2;O5B :>=B@>;L=>->F5=>G=CN 45OB5;L=>ABL 2 >1@07>20B5;L=>< ?@>F5AA5 A 8A?>;L7>20=85< A>2@5<5==KE A?>A>1>2 >F5=820=8O 2 CA;>28OE 8=D>@<0F8>==>-:><<C=8:0F8>==KE B5E=>;>389 (2 B.G. 2545=85 M;5:B@>==KE D>@< 4>:C<5=B0F88). =>A8B ?@54;>65=8O ?> A>25@H5=AB2>20=8N >1@07>20B5;L=>3> ?@>F5AA0 2 >1@07>20B5;L=>< CG@5645=88. #G0AB2C5B 2 @01>B5 ?@54<5B=KE (F8:;>2KE) :><8AA89 (<5B>48G5A:8E >1J548=5=89, :0D54@), :>=D5@5=F89, A5<8=0@>2, #G0AB2C5B 2 45OB5;L=>AB8 ?5403>38G5A:>3> 8 8=KE A>25B>2 >1@07>20B5;L=>3> CG@5645=8O, 0 B0:65 2 45OB5;L=>AB8 <5B>48G5A:8E >1J548=5=89 8 4@C38E D>@<0E <5B>48G5A:>9 @01>BK. ACI5AB2;O5B A2O7L A @>48B5;O<8 8;8 ;8F0<8, 8E 70<5=ONI8<8. 07@010BK205B @01>G85 ?@>3@0<<K CG51=KE 48AF8?;8= (<>4C;59) ?> A2>59 48AF8?;8=5 8 4@C385 <0B5@80;K, >15A?5G820NI85 2>A?8B0=85 8 :0G5AB2> ?>43>B>2:8 >1CG0NI8EAO, =5A5B >B25BAB25==>ABL 70 @50;870F8N 8E 2 ?>;=>< >1J5<5 2 A>>B25BAB288 A CG51=K< ?;0=>< 8 3@0D8:>< CG51=>3> ?@>F5AA0, 0 B0:65 70 :0G5AB2> ?>43>B>2:8 2K?CA:=8:>2. 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; A>45@60=85 CG51=KE ?@>3@0<< 8 ?@8=F8?K >@30=870F88 >1CG5=8O ?> ?@5?>40205<><C ?@54<5BC; >A=>2=K5 B5E=>;>38G5A:85 ?@>F5AAK 8 ?@85<K @01>BK =0 4>;6=>ABOE 2 >@30=870F8OE ?> A?5F80;L=>AB8 2 A>>B25BAB288 A ?@>D8;5< >1CG5=8O 2 >1@07>20B5;L=>< CG@5645=88, 0 B0:65 >A=>2K M:>=><8:8, >@30=870F88 ?@>872>4AB20 8 C?@02;5=8O; ?5403>38:C, D878>;>38N, ?A8E>;>38N 8 <5B>48:C ?@>D5AA8>=0;L=>3> >1CG5=8O; A>2@5<5==K5 D>@<K 8 <5B>4K >1CG5=8O 8 2>A?8B0=8O >1CG0NI8EAO; >A=>2K B@C4>2>3> 70:>=>40B5;LAB20; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, A>F8>;>388; B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 8;8 2 >1;0AB8, A>>B25BAB2CNI59 ?@5?>40205<><C ?@54<5BC, 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK, ;81> 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N 45OB5;L=>AB8 2 >1@07>20B5;L=>< CG@5645=88 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. 5403>3->@30=870B>@ >;6=>AB=K5 >1O70==>AB8. !>459AB2C5B @0728B8N ;8G=>AB8, B0;0=B>2 8 A?>A>1=>AB59, D>@<8@>20=8N >1I59 :C;LBC@K >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), @0AH8@5=8N A>F80;L=>9 AD5@K 2 8E 2>A?8B0=88. 7CG05B 2>7@0AB=K5 8 ?A8E>;>38G5A:85 >A>15==>AB8, 8=B5@5AK 8 ?>B@51=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2, 45B59 2 CG@5645=8OE (>@30=870F8OE) 8 ?> <5ABC 68B5;LAB20, A>7405B CA;>28O 4;O 8E @50;870F88 2 @07;8G=KE 2840E B2>@G5A:>9 45OB5;L=>AB8, 8A?>;L7CO A>2@5<5==K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5, 0 B0:65 F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK. @>2>48B CG51=K5 70=OB8O, 2>A?8B0B5;L=K5 8 8=K5 <5@>?@8OB8O, >?8@0OAL =0 4>AB865=8O 2 >1;0AB8 ?5403>38G5A:>9 8 ?A8E>;>38G5A:>9 =0C:, 0 B0:65 A>2@5<5==KE 8=D>@<0F8>==KE B5E=>;>389 8 <5B>48: >1CG5=8O. @30=87C5B @01>BC 45BA:8E :;C1>2, :@C6:>2, A5:F89 8 4@C38E ;N18B5;LA:8E >1J548=5=89, @07=>>1@07=CN 8=48284C0;L=CN 8 A>2<5AB=CN 45OB5;L=>ABL >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 27@>A;KE. C:>2>48B @01>B>9 ?> >4=><C 87 =0?@02;5=89 45OB5;L=>AB8 >1@07>20B5;L=>3> CG@5645=8O: B5E=8G5A:><C, EC4>65AB25==><C, A?>@B82=><C, BC@8ABA:>-:@05254G5A:><C 8 4@. !?>A>1AB2C5B @50;870F88 ?@02 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) =0 A>740=85 45BA:8E 0AA>F80F89, >1J548=5=89. @30=87C5B 25G5@0, ?@074=8:8, ?>E>4K, M:A:C@A88; ?>445@68205B A>F80;L=> 7=0G8<K5 8=8F80B82K >1CG0NI8EAO, 2>A?8B0==8:>2, 45B59 2 AD5@5 8E A2>1>4=>3> 2@5<5=8, 4>AC30 8 @072;5G5=89, >@85=B8@COAL =0 ;8G=>ABL >1CG0NI53>AO, 2>A?8B0==8:0, @515=:0, @0728B85 53> <>B820F88, ?>7=020B5;L=KE 8=B5@5A>2, A?>A>1=>AB59. @30=87C5B A0<>AB>OB5;L=CN 45OB5;L=>ABL >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), 2 B>< G8A;5 8AA;54>20B5;LA:CN, 2:;NG05B 2 CG51=K9 ?@>F5AA ?@>1;5<=>5 >1CG5=85, A>459AB2C5B >15A?5G5=8N A2O78 >1CG5=8O A ?@0:B8:>9. =0;878@C5B 4>AB865=8O >1CG0NI8EAO, 2>A?8B0==8:>2, 45B59. F5=8205B MDD5:B82=>ABL 8E >1CG5=8O, =0 >A=>25 @0728B8O >?KB0 B2>@G5A:>9 45OB5;L=>AB8, ?>7=020B5;L=K9 8=B5@5A >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 2 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 @01>B5 ?> ?@>2545=8N @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< 8;8 ;8F0<, 8E 70<5=ONI8<. @82;5:05B : @01>B5 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @01>B=8:>2 CG@5645=89 :C;LBC@K 8 A?>@B0, @>48B5;59 (;8F, 8E 70<5=ONI8E), >1I5AB25==>ABL. :07K205B ?>445@6:C 45BA:8< D>@<0< >@30=870F88 B@C40 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), >@30=87C5B 8E :0=8:C;O@=K9 >B4KE. 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; 2>7@0AB=CN 8 A?5F80;L=CN ?5403>38:C 8 ?A8E>;>38N; D878>;>38N, 38385=C; A?5F8D8:C @0728B8O 8=B5@5A>2 8 ?>B@51=>AB59 >1CG0NI8EAO, 2>A?8B0==8:>2, 45B59, 8E B2>@G5A:>9 45OB5;L=>AB8; <5B>48:C ?>8A:0 8 ?>445@6:8 <>;>4KE B0;0=B>2; A>45@60=85, <5B>48:C 8 >@30=870F8N >4=>3> 87 284>2 B2>@G5A:>9 45OB5;L=>AB8: =0CG=>-B5E=8G5A:>9, MAB5B8G5A:>9, BC@8ABA:>-:@05254G5A:>9, >74>@>28B5;L=>-A?>@B82=>9, 4>AC3>2>9; ?>@O4>: @07@01>B:8 ?@>3@0<< 70=OB89 :@C6:>2, A5:F89, ABC489, :;C1=KE >1J548=5=89, >A=>2K 45OB5;L=>AB8 45BA:8E :>;;5:B82>2, >@30=870F89 8 0AA>F80F89; <5B>4K 8 A?>A>1K 8A?>;L7>20=8O >1@07>20B5;L=KE B5E=>;>389, 2 B>< G8A;5 48AB0=F8>==KE; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @07=>3> 2>7@0AB0, 8E @>48B5;O<8 ;8F0<8 8E 70<5I0NI8<8, :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, A>F8>;>388; B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 8;8 2 >1;0AB8, A>>B25BAB2CNI59 ?@>D8;N @01>BK 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. !>F80;L=K9 ?5403>3 >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B :><?;5:A <5@>?@8OB89 ?> 2>A?8B0=8N, >1@07>20=8N, @0728B8N 8 A>F80;L=>9 70I8B5 ;8G=>AB8 2 CG@5645=8OE, >@30=870F8OE 8 ?> <5ABC 68B5;LAB20 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59). 7CG05B >A>15==>AB8 ;8G=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 8E <8:@>A@54K, CA;>28O 8E 687=8. KO2;O5B 8=B5@5AK 8 ?>B@51=>AB8, B@C4=>AB8 8 ?@>1;5<K, :>=D;8:B=K5 A8BC0F88, >B:;>=5=8O 2 ?>2545=88 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 A2>52@5<5==> >:07K205B 8< A>F80;L=CN ?><>IL 8 ?>445@6:C. KABC?05B ?>A@54=8:>< <564C >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) 8 CG@5645=85<, >@30=870F859, A5<L59, A@54>9, A?5F80;8AB0<8 @07;8G=KE A>F80;L=KE A;C61, 254><AB2 8 04<8=8AB@0B82=KE >@30=>2. ?@545;O5B 7040G8, D>@<K, <5B>4K A>F80;L=>-?5403>38G5A:>9 @01>BK A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8), A?>A>1K @5H5=8O ;8G=KE 8 A>F80;L=KE ?@>1;5<, 8A?>;L7CO A>2@5<5==K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5, 0 B0:65 F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK. @8=8<05B <5@K ?> A>F80;L=>9 70I8B5 8 A>F80;L=>9 ?><>I8, @50;870F88 ?@02 8 A2>1>4 ;8G=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59). @30=87C5B @07;8G=K5 284K A>F80;L=> 7=0G8<>9 45OB5;L=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 8 27@>A;KE, <5@>?@8OB8O, =0?@02;5==K5 =0 @0728B85 A>F80;L=KE 8=8F80B82, @50;870F8N A>F80;L=KE ?@>5:B>2 8 ?@>3@0<<, CG0AB2C5B 2 8E @07@01>B:5 8 CB25@645=88. !?>A>1AB2C5B CAB0=>2;5=8N 3C<0==KE, =@02AB25==> 74>@>2KE >B=>H5=89 2 A>F80;L=>9 A@545. !>459AB2C5B A>740=8N >1AB0=>2:8 ?A8E>;>38G5A:>3> :><D>@B0 8 157>?0A=>AB8 ;8G=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), >15A?5G8205B >E@0=C 8E 687=8 8 74>@>2LO. @30=87C5B @07=>>1@07=K5 284K 45OB5;L=>AB8 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59), >@85=B8@COAL =0 >A>15==>AB8 8E ;8G=>AB8, @0728B85 8E <>B820F88 : A>>B25BAB2CNI8< 2840< 45OB5;L=>AB8, ?>7=020B5;L=KE 8=B5@5A>2, A?>A>1=>AB59, 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. #G0AB2C5B 2 >@30=870F88 8E A0<>AB>OB5;L=>9 45OB5;L=>AB8, 2 B>< G8A;5 8AA;54>20B5;LA:>9. 1AC6405B A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) 0:BC0;L=K5 A>1KB8O A>2@5<5==>AB8. #G0AB2C5B 2 >ACI5AB2;5=88 @01>BK ?> B@C4>CAB@>9AB2C, ?0B@>=0BC, >15A?5G5=8N 68;L5<, ?>A>18O<8, ?5=A8O<8, >D>@<;5=8N A15@530B5;L=KE 2:;04>2, 8A?>;L7>20=8N F5==KE 1C<03 >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 87 G8A;0 A8@>B 8 >AB02H8EAO 157 ?>?5G5=8O @>48B5;59. 708<>459AB2C5B A CG8B5;O<8, @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), A?5F80;8AB0<8 A>F80;L=KE A;C61, A5<59=KE 8 <>;>456=KE A;C61 70=OB>AB8, A 1;03>B2>@8B5;L=K<8 >@30=870F8O<8 8 4@. 2 >:070=88 ?><>I8 >1CG0NI8<AO (2>A?8B0==8:0<, 45BO<), =C640NI8<AO 2 >?5:5 8 ?>?5G8B5;LAB25, A >3@0=8G5==K<8 D878G5A:8<8 2>7<>6=>ABO<8, 45280=B=K< ?>2545=85<, 0 B0:65 ?>?02H8< 2 M:AB@5<0;L=K5 A8BC0F88. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 2 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 ?>43>B>2:5 8 ?@>2545=88 @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< (;8F0<, 8E 70<5=ONI8E) >1CG0NI8EAO (2>A?8B0==8:>2, 45B59). 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO (2>A?8B0==8:>2, 45B59) 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; >A=>2K A>F80;L=>9 ?>;8B8:8, ?@020 8 3>AC40@AB25==>3> AB@>8B5;LAB20, B@C4>2>3> 8 A5<59=>3> 70:>=>40B5;LAB20; >1ICN 8 A>F80;L=CN ?5403>38:C; ?5403>38G5A:CN, A>F80;L=CN, 2>7@0AB=CN 8 45BA:CN ?A8E>;>38N; >A=>2K 74>@>2L5A15@565=8O 8 >@30=870F88 74>@>2>3> >1@070 687=8, A>F80;L=>9 38385=K; A>F80;L=>-?5403>38G5A:85 8 4803=>AB8G5A:85 <5B>48:8; <5B>4K 8 A?>A>1K 8A?>;L7>20=8O >1@07>20B5;L=KE B5E=>;>389, 2 B>< G8A;5 48AB0=F8>==KE; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40, @072820NI53> >1CG5=8O; >A=>2K @01>BK A ?5@A>=0;L=K< :><?LNB5@><, A M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO (2>A?8B0==8:0<8, 45BL<8) @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; A>F80;L=>-?5403>38G5A:>9 4803=>AB8:8 (>?@>A>2, 8=48284C0;L=KE 8 3@C??>2KE 8=B5@2LN), =02K:8 A>F80;L=>-?5403>38G5A:>9 :>@@5:F88, A=OB8O AB@5AA>2 8 B.?.; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8O< ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0", "!>F80;L=0O ?5403>38:0" 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. #G8B5;L-45D5:B>;>3, CG8B5;L-;>3>?54 (;>3>?54)2 >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B @01>BC, =0?@02;5==CN =0 <0:A8<0;L=CN :>@@5:F8N =54>AB0B:>2 2 @0728B88 C >1CG0NI8EAO, 2>A?8B0==8:>2 A =0@CH5=8O<8 2 @0728B88, 2 B>< G8A;5 =0E>4OI8EAO 2 A?5F80;L=KE (:>@@5:F8>==KE) >1@07>20B5;L=KE CG@5645=8OE, A>740205<KE 4;O >1CG0NI8EAO, 2>A?8B0==8:>2 A >3@0=8G5==K<8 2>7<>6=>ABO<8 74>@>2LO (4;O 3;CE8E, A;01>A;KH0I8E 8 ?>74=>>3;>EH8E, A;5?KE, A;01>284OI8E 8 ?>74=>>A;5?H8E 45B59, 45B59 A BO65;K<8 =0@CH5=8O<8 @5G8, A =0@CH5=85< >?>@=>-42830B5;L=>3> 0??0@0B0, A 7045@6:>9 ?A8E8G5A:>3> @0728B8O, C<AB25==> >BAB0;KE 8 4@C38E 45B59 A >3@0=8G5==K<8 2>7<>6=>ABO<8 74>@>2LO). ACI5AB2;O5B >1A;54>20=85 >1CG0NI8EAO, 2>A?8B0==8:>2, >?@545;O5B AB@C:BC@C 8 AB5?5=L 2K@065==>AB8 8<5NI53>AO C =8E =0@CH5=8O @0728B8O. ><?;5:BC5B 3@C??K 4;O 70=OB89 A CG5B>< ?A8E>D878G5A:>3> A>AB>O=8O >1CG0NI8EAO, 2>A?8B0==8:>2. @>2>48B 3@C??>2K5 8 8=48284C0;L=K5 70=OB8O ?> 8A?@02;5=8N =54>AB0B:>2 2 @0728B88, 2>AAB0=>2;5=8N =0@CH5==KE DC=:F89. 01>B05B 2 B5A=>< :>=B0:B5 A CG8B5;O<8, 2>A?8B0B5;O<8 8 4@C38<8 ?5403>38G5A:8<8 @01>B=8:0<8, ?>A5I05B 70=OB8O 8 C@>:8. >=AC;LB8@C5B ?5403>38G5A:8E @01>B=8:>2 8 @>48B5;59 (;8F, 8E 70<5=ONI8E) ?> ?@8<5=5=8N A?5F80;L=KE <5B>4>2 8 ?@85<>2 >:070=8O ?><>I8 45BO< A >3@0=8G5==K<8 2>7<>6=>ABO<8 74>@>2LO. 545B =5>1E>48<CN 4>:C<5=B0F8N. !?>A>1AB2C5B D>@<8@>20=8N >1I59 :C;LBC@K ;8G=>AB8, A>F80;870F88, >A>7=0==>3> 2K1>@0 8 >A2>5=8O ?@>D5AA8>=0;L=KE ?@>3@0<<. 50;87C5B >1@07>20B5;L=K5 ?@>3@0<<K. ><?;5:BC5B 3@C??K 4;O 70=OB89 A CG5B>< ?A8E>D878G5A:>3> A>AB>O=8O >1CG0NI8EAO, 2>A?8B0==8:>2. 7CG05B 8=48284C0;L=K5 >A>15==>AB8, A?>A>1=>AB8, 8=B5@5AK 8 A:;>==>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2 A F5;LN A>740=8O CA;>289 4;O >15A?5G5=8O 8E @0728B8O 2 A>>B25BAB288 A 2>7@0AB=>9 =>@<>9, @>AB0 8E ?>7=020B5;L=>9 <>B820F88 8 AB0=>2;5=8O CG51=>9 A0<>AB>OB5;L=>AB8, D>@<8@>20=8O :><?5B5=B=>AB59, 8A?>;L7CO @07=>>1@07=K5 D>@<K, ?@85<K, <5B>4K 8 A@54AB20 >1CG5=8O, A>2@5<5==K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5, 0 B0:65 F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK, >15A?5G820O C@>25=L ?>43>B>2:8 >1CG0NI8EAO, 2>A?8B0==8:>2, A>>B25BAB2CNI89 B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, D545@0;L=K< 3>AC40@AB25==K< B@51>20=8O<. @>2>48B CG51=K5 70=OB8O, >?8@0OAL =0 4>AB865=8O 2 >1;0AB8 <5B>48G5A:>9, ?5403>38G5A:>9 8 ?A8E>;>38G5A:>9 =0C:, 2>7@0AB=>9 ?A8E>;>388 8 H:>;L=>9 38385=K, 0 B0:65 A>2@5<5==KE 8=D>@<0F8>==KE B5E=>;>389. !>1;N405B ?@020 8 A2>1>4K >1CG0NI8EAO, 2>A?8B0==8:>2, >15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO, 2>A?8B0==8:>2 2 ?5@8>4 >1@07>20B5;L=>3> ?@>F5AA0. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 @01>B5 ?> ?@>2545=8N @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< (;8F0<, 8E 70<5=ONI8<). K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; 2>7@0AB=CN 8 A?5F80;L=CN ?5403>38:C 8 ?A8E>;>38N; 0=0B><>-D878>;>38G5A:85 8 :;8=8G5A:85 >A=>2K 45D5:B>;>388; <5B>4K 8 ?@85<K ?@54C?@5645=8O 8 8A?@02;5=8O >B:;>=5=89 2 @0728B88 >1CG0NI8EAO, 2>A?8B0==8:>2; =>@<0B82=K5 8 <5B>48G5A:85 4>:C<5=BK ?> 2>?@>A0< ?@>D5AA8>=0;L=>9 8 ?@0:B8G5A:>9 45OB5;L=>AB8; ?@>3@0<<=>-<5B>48G5A:CN ;8B5@0BC@C ?> @01>B5 A >1CG0NI8<8AO, 2>A?8B0==8:0<8, 8<5NI8<8 >B:;>=5=8O 2 @0728B88; =>259H85 4>AB865=8O 45D5:B>;>38G5A:>9 8 ?5403>38G5A:>9 =0C:; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8; B5>@8N 8 <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3>, @072820NI53> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO, 2>A?8B0==8:0<8 @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, A>F8>;>388; B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 2 >1;0AB8 45D5:B>;>388 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. 5403>3-?A8E>;>3 >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B ?@>D5AA8>=0;L=CN 45OB5;L=>ABL, =0?@02;5==CN =0 A>E@0=5=85 ?A8E8G5A:>3>, A><0B8G5A:>3> 8 A>F80;L=>3> 1;03>?>;CG8O >1CG0NI8EAO, 2>A?8B0==8:>2 2 ?@>F5AA5 2>A?8B0=8O 8 >1CG5=8O 2 >1@07>20B5;L=KE CG@5645=8OE. !>459AB2C5B >E@0=5 ?@02 ;8G=>AB8 2 A>>B25BAB288 A >=25=F859 > ?@020E @515=:0. !?>A>1AB2C5B 30@<>=870F88 A>F80;L=>9 AD5@K >1@07>20B5;L=>3> CG@5645=8O 8 >ACI5AB2;O5B ?@525=B82=K5 <5@>?@8OB8O ?> ?@>D8;0:B8:5 2>7=8:=>25=8O A>F80;L=>9 457040?B0F88. ?@545;O5B D0:B>@K, ?@5?OBAB2CNI85 @0728B8N ;8G=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2 8 ?@8=8<05B <5@K ?> >:070=8N 8< @07;8G=KE 284>2 ?A8E>;>38G5A:>9 ?><>I8 (?A8E>:>@@5:F8>==>3>, @5018;8B0F8>==>3>, :>=AC;LB0B82=>3>). :07K205B :>=AC;LB0B82=CN ?><>IL >1CG0NI8<AO, 2>A?8B0==8:0<, 8E @>48B5;O< (;8F0<, 8E 70<5=ONI8<), ?5403>38G5A:><C :>;;5:B82C 2 @5H5=88 :>=:@5B=KE ?@>1;5<. @>2>48B ?A8E>;>38G5A:CN 4803=>AB8:C; 8A?>;L7CO A>2@5<5==K5 >1@07>20B5;L=K5 B5E=>;>388, 2:;NG0O 8=D>@<0F8>==K5, 0 B0:65 F8D@>2K5 >1@07>20B5;L=K5 @5AC@AK. @>2>48B 4803=>AB8G5A:CN, ?A8E>:>@@5:F8>==CN @5018;8B0F8>==CN, :>=AC;LB0B82=CN @01>BC, >?8@0OAL =0 4>AB865=8O 2 >1;0AB8 ?5403>38G5A:>9 8 ?A8E>;>38G5A:>9 =0C:, 2>7@0AB=>9 ?A8E>;>388 8 H:>;L=>9 38385=K, 0 B0:65 A>2@5<5==KE 8=D>@<0F8>==KE B5E=>;>389. !>AB02;O5B ?A8E>;>3>-?5403>38G5A:85 70:;NG5=8O ?> <0B5@80;0< 8AA;54>20B5;LA:8E @01>B A F5;LN >@85=B0F88 ?5403>38G5A:>3> :>;;5:B820, 0 B0:65 @>48B5;59 (;8F, 8E 70<5I0NI8E) 2 ?@>1;5<0E ;8G=>AB=>3> 8 A>F80;L=>3> @0728B8O >1CG0NI8EAO, 2>A?8B0==8:>2. 545B 4>:C<5=B0F8N ?> CAB0=>2;5==>9 D>@<5, 8A?>;L7CO 55 ?> =07=0G5=8N. #G0AB2C5B 2 ?;0=8@>20=88 8 @07@01>B:5 @072820NI8E 8 :>@@5:F8>==KE ?@>3@0<< >1@07>20B5;L=>9 45OB5;L=>AB8 A CG5B>< 8=48284C0;L=KE 8 ?>;>2>7@0AB=KE >A>15==>AB59 >1CG0NI8EAO, 2>A?8B0==8:>2, 2 >15A?5G5=88 C@>2=O ?>43>B>2:8 >1CG0NI8EAO, 2>A?8B0==8:>2, A>>B25BAB2CNI53> B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, D545@0;L=K< 3>AC40@AB25==K< >1@07>20B5;L=K< B@51>20=8O<. !?>A>1AB2C5B @0728B8N C >1CG0NI8EAO, 2>A?8B0==8:>2 3>B>2=>AB8 : >@85=B0F88 2 @07;8G=KE A8BC0F8OE 687=5==>3> 8 ?@>D5AA8>=0;L=>3> A0<>>?@545;5=8O. ACI5AB2;O5B ?A8E>;>38G5A:CN ?>445@6:C B2>@G5A:8 >40@5==KE >1CG0NI8EAO, 2>A?8B0==8:>2, A>459AB2C5B 8E @0728B8N 8 >@30=870F88 @072820NI59 A@54K. ?@545;O5B C >1CG0NI8EAO, 2>A?8B0==8:>2 AB5?5=L =0@CH5=89 (C<AB25==KE, D878>;>38G5A:8E, M<>F8>=0;L=KE) 2 @0728B88, 0 B0:65 @07;8G=>3> 2840 =0@CH5=89 A>F80;L=>3> @0728B8O 8 ?@>2>48B 8E ?A8E>;>3>-?5403>38G5A:CN :>@@5:F8N. #G0AB2C5B 2 D>@<8@>20=88 ?A8E>;>38G5A:>9 :C;LBC@K >1CG0NI8EAO, 2>A?8B0==8:>2, ?5403>38G5A:8E @01>B=8:>2 8 @>48B5;59 (;8F, 8E 70<5=ONI8E), 2 B>< G8A;5 8 :C;LBC@K ?>;>2>3> 2>A?8B0=8O. >=AC;LB8@C5B @01>B=8:>2 >1@07>20B5;L=>3> CG@5645=8O ?> 2>?@>A0< @0728B8O >1CG0NI8EAO, 2>A?8B0==8:>2, ?@0:B8G5A:>3> ?@8<5=5=8O ?A8E>;>388 4;O @5H5=8O ?5403>38G5A:8E 7040G, ?>2KH5=8O A>F80;L=>-?A8E>;>38G5A:>9 :><?5B5=B=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2, ?5403>38G5A:8E @01>B=8:>2, @>48B5;59 (;8F, 8E 70<5=ONI8E). =0;878@C5B 4>AB865=85 8 ?>4B25@645=85 >1CG0NI8<8AO C@>2=59 @0728B8O 8 >1@07>20=8O (>1@07>20B5;L=KE F5=7>2). F5=8205B MDD5:B82=>ABL >1@07>20B5;L=>9 45OB5;L=>AB8 ?5403>38G5A:8E @01>B=8:>2 8 ?5403>38G5A:>3> :>;;5:B820, CG8BK20O @0728B85 ;8G=>AB8 >1CG0NI8EAO, 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 ?>43>B>2:5 8 ?@>2545=88 @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< (;8F0<, 8E 70<5=ONI8<). 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO, 2>A?8B0==8:>2 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; 5:;0@0F8N ?@02 8 A2>1>4 G5;>25:0; >=25=F8N > ?@020E @515=:0; =>@<0B82=K5 4>:C<5=BK, @53C;8@CNI85 2>?@>AK >E@0=K B@C40, 74@02>>E@0=5=8O, ?@>D>@85=B0F88, 70=OB>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2 8 8E A>F80;L=>9 70I8BK; >1ICN ?A8E>;>38N; ?5403>38G5A:CN ?A8E>;>38N, >1ICN ?5403>38:C, ?A8E>;>38N ;8G=>AB8 8 48DD5@5=F80;L=CN ?A8E>;>38N, 45BA:CN 8 2>7@0AB=CN ?A8E>;>38N, A>F80;L=CN ?A8E>;>38N, <548F8=A:CN ?A8E>;>38N, 45BA:CN =59@>?A8E>;>38N, ?0B> ?A8E>;>38N, ?A8E>A><0B8:C; >A=>2K 45D5:B>;>388, ?A8E>B5@0?88, A5:A>;>388, ?A8E>38385=K, ?@>D>@85=B0F88, ?@>D5AA8>2545=8O 8 ?A8E>;>388 B@C40, ?A8E>4803=>AB8:8, ?A8E>;>38G5A:>3> :>=AC;LB8@>20=8O 8 ?A8E>?@>D8;0:B8:8; <5B>4K 0:B82=>3> >1CG5=8O, A>F80;L=>-?A8E>;>38G5A:>3> B@5=8=30 >1I5=8O; A>2@5<5==K5 <5B>4K 8=48284C0;L=>9 8 3@C??>2>9 ?@>D:>=AC;LB0F88, 4803=>AB8:8 8 :>@@5:F88 =>@<0;L=>3> 8 0=><0;L=>3> @0728B8O @515=:0; <5B>4K 8 ?@85<K @01>BK A >1CG0NI8<8AO, 2>A?8B0==8:0<8 A >3@0=8G5==K<8 2>7<>6=>ABO<8 74>@>2LO; <5B>4K 8 A?>A>1K 8A?>;L7>20=8O >1@07>20B5;L=KE B5E=>;>389, 2 B>< G8A;5 48AB0=F8>==KE; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3>, @072820NI53> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40; >A=>2K @01>BK A ?5@A>=0;L=K< :><?LNB5@><, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO, 2>A?8B0==8:0<8 @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "5403>38:0 8 ?A8E>;>38O" 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK ;81> 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "5403>38:0 8 ?A8E>;>38O" 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. >A?8B0B5;L (2:;NG0O AB0@H53>) >;6=>AB=K5 >1O70==>AB8. ACI5AB2;O5B 45OB5;L=>ABL ?> 2>A?8B0=8N 45B59 2 >1@07>20B5;L=KE CG@5645=8OE 8 8E AB@C:BC@=KE ?>4@0745;5=8OE (8=B5@=0B5 ?@8 H:>;5, >1I568B88, 3@C??0E, 3@C??0E ?@>4;5==>3> 4=O 8 4@.), 8=KE CG@5645=8OE 8 >@30=870F8OE. !>459AB2C5B A>740=8N 1;03>?@8OB=KE CA;>289 4;O 8=48284C0;L=>3> @0728B8O 8 =@02AB25==>3> D>@<8@>20=8O ;8G=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2, 2=>A8B =5>1E>48<K5 :>@@5:B82K 2 A8AB5<C 8E 2>A?8B0=8O. ACI5AB2;O5B 87CG5=85 ;8G=>AB8 >1CG0NI8EAO, 8E A:;>==>AB59, 8=B5@5A>2, A>459AB2C5B @>ABC 8E ?>7=020B5;L=>9 <>B820F88 8 AB0=>2;5=8N 8E CG51=>9 A0<>AB>OB5;L=>AB8, D>@<8@>20=8N :><?5B5=B=>AB59; >@30=87C5B ?>43>B>2:C 4><0H=8E 7040=89. !>7405B 1;03>?@8OB=CN <8:@>A@54C 8 <>@0;L=>-?A8E>;>38G5A:89 :;8<0B 4;O :064>3> >1CG0NI53>AO, 2>A?8B0==8:0. !?>A>1AB2C5B @0728B8N >1I5=8O >1CG0NI8EAO, 2>A?8B0==8:>2. ><>305B >1CG0NI5<CAO, 2>A?8B0==8:C @5H0BL ?@>1;5<K, 2>7=8:0NI85 2 >1I5=88 A B>20@8I0<8, CG8B5;O<8, @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8). ACI5AB2;O5B ?><>IL >1CG0NI8<AO, 2>A?8B0==8:0< 2 CG51=>9 45OB5;L=>AB8, A?>A>1AB2C5B >15A?5G5=8N C@>2=O 8E ?>43>B>2:8 A>>B25BAB2CNI53> B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, D545@0;L=K< 3>AC40@AB25==K< >1@07>20B5;L=K< B@51>20=8O<. !>459AB2C5B ?>;CG5=8N 4>?>;=8B5;L=>3> >1@07>20=8O >1CG0NI8<8AO, 2>A?8B0==8:0<8 G5@57 A8AB5<C :@C6:>2, :;C1>2, A5:F89, >1J548=5=89, >@30=87C5<KE 2 CG@5645=8OE, ?> <5ABC 68B5;LAB20.  A>>B25BAB288 A 8=48284C0;L=K<8 8 2>7@0AB=K<8 8=B5@5A0<8 >1CG0NI8EAO, 2>A?8B0==8:>2 A>25@H5=AB2C5B 687=545OB5;L=>ABL :>;;5:B820 >1CG0NI8EAO, 2>A?8B0==8:>2. !>1;N405B ?@020 8 A2>1>4K >1CG0NI8EAO, 2>A?8B0==8:>2, =5A5B >B25BAB25==>ABL 70 8E 687=L, 74>@>2L5 8 157>?0A=>ABL 2 ?5@8>4 >1@07>20B5;L=>3> ?@>F5AA0. @>2>48B =01;N45=8O (<>=8B>@8=3) 70 74>@>2L5<, @0728B85< 8 2>A?8B0=85< >1CG0NI8EAO, 2>A?8B0==8:>2, 2 B>< G8A;5 A ?><>ILN M;5:B@>==KE D>@<. 07@010BK205B ?;0= (?@>3@0<<C) 2>A?8B0B5;L=>9 @01>BK A 3@C??>9 >1CG0NI8EAO, 2>A?8B0==8:>2. !>2<5AB=> A >@30=0<8 A0<>C?@02;5=8O >1CG0NI8EAO, 2>A?8B0==8:>2 2545B 0:B82=CN ?@>?030=4C 74>@>2>3> >1@070 687=8. 01>B05B 2 B5A=>< :>=B0:B5 A CG8B5;O<8, ?5403>3><-?A8E>;>3><, 4@C38<8 ?5403>38G5A:8<8 @01>B=8:0<8, @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8) >1CG0NI8EAO, 2>A?8B0==8:>2. 0 >A=>25 87CG5=8O 8=48284C0;L=KE >A>15==>AB59, @5:><5=40F89 ?5403>30-?A8E>;>30 ?;0=8@C5B 8 ?@>2>48B A >1CG0NI8<8AO, 2>A?8B0==8:0<8 A >3@0=8G5==K<8 2>7<>6=>ABO<8 74>@>2LO :>@@5:F8>==>-@072820NICN @01>BC (A 3@C??>9 8;8 8=48284C0;L=>). >>@48=8@C5B 45OB5;L=>ABL ?><>I=8:0 2>A?8B0B5;O, <;04H53> 2>A?8B0B5;O. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 @01>B5 ?> ?@>2545=8N @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< (;8F0<, 8E 70<5=ONI8<). =>A8B ?@54;>65=8O ?> A>25@H5=AB2>20=8N >1@07>20B5;L=>3> ?@>F5AA0. 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO, 2>A?8B0==8:>2 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. @8 2K?>;=5=88 >1O70==>AB59 AB0@H53> 2>A?8B0B5;O =0@O4C A 2K?>;=5=85< >1O70==>AB59, ?@54CA<>B@5==KE ?> 4>;6=>AB8 2>A?8B0B5;O [3] , >ACI5AB2;O5B :>>@48=0F8N 45OB5;L=>AB8 2>A?8B0B5;59, ?5403>38G5A:8E @01>B=8:>2 2 ?@>5:B8@>20=88 @072820NI59 >1@07>20B5;L=>9 A@54K >1@07>20B5;L=>3> CG@5645=8O. :07K205B <5B>48G5A:CN ?><>IL 2>A?8B0B5;O<, A?>A>1AB2C5B >1>1I5=8N ?5@54>2>3> ?5403>38G5A:>3> >?KB0, ?>2KH5=8N :20;8D8:0F88 2>A?8B0B5;59, @0728B8N 8E B2>@G5A:8E 8=8F80B82. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; ?5403>38:C, 45BA:CN, 2>7@0AB=CN 8 A>F80;L=CN ?A8E>;>38N; ?A8E>;>38N >B=>H5=89, 8=48284C0;L=K5 8 2>7@0AB=K5 >A>15==>AB8 45B59 8 ?>4@>AB:>2, 2>7@0AB=CN D878>;>38N, H:>;L=CN 38385=C; <5B>4K 8 D>@<K <>=8B>@8=30 45OB5;L=>AB8 >1CG0NI8EAO, 2>A?8B0==8:>2; ?5403>38G5A:CN MB8:C; B5>@8N 8 <5B>48:C 2>A?8B0B5;L=>9 @01>BK, >@30=870F88 A2>1>4=>3> 2@5<5=8 >1CG0NI8EAO, 2>A?8B0==8:>2; <5B>4K C?@02;5=8O >1@07>20B5;L=K<8 A8AB5<0<8; A>2@5<5==K5 ?5403>38G5A:85 B5E=>;>388 ?@>4C:B82=>3>, 48DD5@5=F8@>20==>3>, @072820NI53> >1CG5=8O, @50;870F88 :><?5B5=B=>AB=>3> ?>4E>40; <5B>4K C15645=8O, 0@3C<5=B0F88 A2>59 ?>78F88, CAB0=>2;5=8O :>=B0:B>2 A >1CG0NI8<8AO, 2>A?8B0==8:0<8 @07=>3> 2>7@0AB0, 8E @>48B5;O<8 (;8F0<8, 8E 70<5=ONI8<8), :>;;530<8 ?> @01>B5; B5E=>;>388 4803=>AB8:8 ?@8G8= :>=D;8:B=KE A8BC0F89, 8E ?@>D8;0:B8:8 8 @07@5H5=8O; >A=>2K M:>;>388, M:>=><8:8, A>F8>;>388; B@C4>2>5 70:>=>40B5;LAB2>; >A=>2K @01>BK A B5:AB>2K<8 @540:B>@0<8, M;5:B@>==K<8 B01;8F0<8, M;5:B@>==>9 ?>GB>9 8 1@0C75@0<8, <C;LB8<5489=K< >1>@C4>20=85<; ?@028;0 2=CB@5==53> B@C4>2>3> @0A?>@O4:0 >1@07>20B5;L=>3> CG@5645=8O; ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. "@51>20=8O : :20;8D8:0F88. KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK ;81> 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8;8 A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 8 4>?>;=8B5;L=>5 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 157 ?@54JO2;5=8O B@51>20=89 : AB06C @01>BK. ;O AB0@H53> 2>A?8B0B5;O - 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85 ?> =0?@02;5=8N ?>43>B>2:8 "1@07>20=85 8 ?5403>38:0" 8 AB06 @01>BK 2 4>;6=>AB8 2>A?8B0B5;O =5 <5=55 2 ;5B. "LNB>@4 >;6=>AB=K5 >1O70==>AB8. @30=87C5B ?@>F5AA 8=48284C0;L=>9 @01>BK A >1CG0NI8<8AO ?> 2KO2;5=8N, D>@<8@>20=8N 8 @0728B8N 8E ?>7=020B5;L=KE 8=B5@5A>2; >@30=87C5B 8E ?5@A>=0;L=>5 A>?@>2>645=85 2 >1@07>20B5;L=>< ?@>AB@0=AB25 ?@54?@>D8;L=>9 ?>43>B>2:8 8 ?@>D8;L=>3> >1CG5=8O; :>>@48=8@C5B ?>8A: 8=D>@<0F88 >1CG0NI8<8AO 4;O A0<>>1@07>20=8O; A>?@>2>6405B ?@>F5AA D>@<8@>20=8O 8E ;8G=>AB8 (?><>305B 8< @07>1@0BLAO 2 CA?5E0E, =5C40G0E, AD>@<C;8@>20BL ;8G=K9 70:07 : ?@>F5AAC >1CG5=8O, 2KAB@>8BL F5;8 =0 1C4CI55). !>2<5AB=> A >1CG0NI8<AO @0A?@545;O5B 8 >F5=8205B 8<5NI85AO C =53> @5AC@AK 2A5E 284>2 4;O @50;870F88 ?>AB02;5==KE F5;59; :>>@48=8@C5B 2708<>A2O7L ?>7=020B5;L=KE 8=B5@5A>2 >1CG0NI8EAO 8 =0?@02;5=89 ?@54?@>D8;L=>9 ?>43>B>2:8 8 ?@>D8;L=>3> >1CG5=8O: >?@545;O5B ?5@5G5=L 8 <5B>48:C ?@5?>40205<KE ?@54<5B=KE 8 >@85=B0F8>==KE :C@A>2, 8=D>@<0F8>==>9 8 :>=AC;LB0B82=>9 @01>BK, A8AB5<K ?@>D>@85=B0F88, 2K18@05B >?B8<0;L=CN >@30=870F8>==CN AB@C:BC@C 4;O MB>9 2708<>A2O78. :07K205B ?><>IL >1CG0NI5<CAO 2 >A>7=0==>< 2K1>@5 AB@0B5388 >1@07>20=8O, ?@5>4>;5=88 ?@>1;5< 8 B@C4=>AB59 ?@>F5AA0 A0<>>1@07>20=8O; A>7405B CA;>28O 4;O @50;L=>9 8=48284C0;870F88 ?@>F5AA0 >1CG5=8O (A>AB02;5=85 8=48284C0;L=KE CG51=KE ?;0=>2 8 ?;0=8@>20=85 8=48284C0;L=KE >1@07>20B5;L=>-?@>D5AA8>=0;L=KE B@05:B>@89); >15A?5G8205B C@>25=L ?>43>B>2:8 >1CG0NI8EAO, A>>B25BAB2CNI89 B@51>20=8O< D545@0;L=>3> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0, ?@>2>48B A>2<5AB=K9 A >1CG0NI8<AO @5D;5:A82=K9 0=0;87 53> 45OB5;L=>AB8 8 @57C;LB0B>2, =0?@02;5==KE =0 0=0;87 2K1>@0 53> AB@0B5388 2 >1CG5=88, :>@@5:B8@>2:C 8=48284C0;L=KE CG51=KE ?;0=>2. @30=87C5B 2708<>459AB28O >1CG0NI53>AO A CG8B5;O<8 8 4@C38<8 ?5403>38G5A:8<8 @01>B=8:0<8 4;O :>@@5:F88 8=48284C0;L=>3> CG51=>3> ?;0=0, A>459AB2C5B 35=5@8@>20=8N 53> B2>@G5A:>3> ?>B5=F80;0 8 CG0AB8N 2 ?@>5:B=>9 8 =0CG=>-8AA;54>20B5;LA:>9 45OB5;L=>AB8 A CG5B>< 8=B5@5A>2. @30=87C5B 2708<>459AB285 A @>48B5;O<8, ;8F0<8, 8E 70<5=ONI8<8, ?> 2KO2;5=8N, D>@<8@>20=8N 8 @0728B8N ?>7=020B5;L=KE 8=B5@5A>2 >1CG0NI8EAO, 2 B>< G8A;5 <;04H53> 8 A@54=53> H:>;L=>3> 2>7@0AB>2, A>AB02;5=8N, :>@@5:B8@>2:5 8=48284C0;L=KE CG51=KE (>1@07>20B5;L=KE) ?;0=>2 >1CG0NI8EAO, 0=0;878@C5B 8 >1AC6405B A =8<8 E>4 8 @57C;LB0BK @50;870F88 MB8E ?;0=>2. ACI5AB2;O5B <>=8B>@8=3 48=0<8:8 ?@>F5AA0 AB0=>2;5=8O 2K1>@0 >1CG0NI8<AO ?CB8 A2>53> >1@07>20=8O. @30=87C5B 8=48284C0;L=K5 8 3@C??>2K5 :>=AC;LB0F88 4;O >1CG0NI8EAO, @>48B5;59 (;8F, 8E 70<5=ONI8E) ?> 2>?@>A0< CAB@0=5=8O CG51=KE B@C4=>AB59, :>@@5:F88 8=48284C0;L=KE ?>B@51=>AB59, @0728B8O 8 @50;870F88 A?>A>1=>AB59 8 2>7<>6=>AB59, 8A?>;L7CO @07;8G=K5 B5E=>;>388 8 A?>A>1K :><<C=8:0F88 A >1CG0NI8<AO (3@C??>9 >1CG0NI8EAO), 2:;NG0O M;5:B@>==K5 D>@<K (8=B5@=5B-B5E=>;>388) 4;O :0G5AB25==>9 @50;870F88 A>2<5AB=>9 A >1CG0NI8<AO 45OB5;L=>AB8. >445@68205B ?>7=020B5;L=K9 8=B5@5A >1CG0NI53>AO, 0=0;878@CO ?5@A?5:B82K @0728B8O 8 2>7<>6=>AB8 @0AH8@5=8O 53> 480?07>=0. !8=B578@C5B ?>7=020B5;L=K9 8=B5@5A A 4@C38<8 8=B5@5A0<8, ?@54<5B0<8 >1CG5=8O. !?>A>1AB2C5B =081>;55 ?>;=>9 @50;870F88 B2>@G5A:>3> ?>B5=F80;0 8 ?>7=020B5;L=>9 0:B82=>AB8 >1CG0NI53>AO. #G0AB2C5B 2 @01>B5 ?5403>38G5A:8E, <5B>48G5A:8E A>25B>2, 4@C38E D>@<0E <5B>48G5A:>9 @01>BK, 2 ?>43>B>2:5 8 ?@>2545=88 @>48B5;LA:8E A>1@0=89, >74>@>28B5;L=KE, 2>A?8B0B5;L=KE 8 4@C38E <5@>?@8OB89, ?@54CA<>B@5==KE >1@07>20B5;L=>9 ?@>3@0<<>9 >1@07>20B5;L=>3> CG@5645=8O, 2 >@30=870F88 8 ?@>2545=88 <5B>48G5A:>9 8 :>=AC;LB0B82=>9 ?><>I8 @>48B5;O< >1CG0NI8EAO (;8F0<, 8E 70<5=ONI8<). 15A?5G8205B 8 0=0;878@C5B 4>AB865=85 8 ?>4B25@645=85 >1CG0NI8<8AO C@>2=59 >1@07>20=8O (>1@07>20B5;L=KE F5=7>2). >=B@>;8@C5B 8 >F5=8205B MDD5:B82=>ABL ?>AB@>5=8O 8 @50;870F88 >1@07>20B5;L=>9 ?@>3@0<<K (8=48284C0;L=>9 8 >1@07>20B5;L=>3> CG@5645=8O), CG8BK20O CA?5H=>ABL A0<>>?@545;5=8O >1CG0NI8EAO, >2;045=85 C<5=8O<8, @0728B85 >?KB0 B2>@G5A:>9 45OB5;L=>AB8, ?>7=020B5;L=>3> 8=B5@5A0 >1CG0NI8EAO, 8A?>;L7CO :><?LNB5@=K5 B5E=>;>388, 2 B.G. B5:AB>2K5 @540:B>@K 8 M;5:B@>==K5 B01;8FK 2 A2>59 45OB5;L=>AB8. 15A?5G8205B >E@0=C 687=8 8 74>@>2LO >1CG0NI8EAO 2> 2@5<O >1@07>20B5;L=>3> ?@>F5AA0. K?>;=O5B ?@028;0 ?> >E@0=5 B@C40 8 ?>60@=>9 157>?0A=>AB8. >;65= 7=0BL: ?@8>@8B5B=K5 =0?@02;5=8O @0728B8O >1@07>20B5;L=>9 A8AB5<K >AA89A:>9 $545@0F88; 70:>=K 8 8=K5 =>@<0B82=K5 ?@02>2K5 0:BK, @53;0<5=B8@CNI85 >1@07>20B5;L=CN, D87:C;LBC@=>-A?>@B82=CN 45OB5;L=>ABL; >=25=F8N > ?@020E @515=:0; >A=>2K ?5403>38:8, 45BA:>9, 2>7@0AB=>9 8 A>F80;L=>9 ?A8E>;>388; ?A8E>;>38N >B=>H5=89, 8=48284C0;L=K5 8 2>7@0AB=K5 >A>15==>AB8 45B59 8 ?>4@>AB:>2, 2>7@0AB=CN D878>;>38N, H:>;L=CN 38385=C; <5B>4K 8 D>@<K <>=8B>@8=30 45OB5;L=>AB8 >1CG0 >@TV9 :"::::bbBnxnqrrrƒ0d .JL~2hLD^<p"$&V$$%((()>>J,KL M MJL Medc&x M~fqfssF8L\F'2)R)49JCrDD^j(n2oedc&xȖ,F8RLXZ\Fb '$(2)P)R))49N9JC~CrDDDE^^jj2obodooz}}̆؈ڈ  ء̣F޴2"dfH24d`  jl0#J#r--1Uh;W5H*\h;W h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http://www.rg.ru/2010/10/20/teacher-dok.html 2odoz}ڈء̣޴"f4` l0#r-0011?G&Iedc&x1111??G4H&IIII.bHboos&t(tZt^zژNШd XZplBv,$ > *^Nx  &&''V(X(Z())) ++++ h;W6]h;W6H*]h;W h;W5\[&II.bos(t^ژdZpl&Bedc&x$ *Nx &'X()++p,edc&x++n,p,h;WCJaJh;W01h/R . A!"R#n$n% ^ 666666666vvvvvvvvv666666>6666666666666666666666666666666666666666666666666hH6666666666666666666666666666666666666666666666666666666666666666662 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmHnHsHtHF`F 1KG=K9CJPJ_HaJmHsHtHV`V  03>;>2>: 1dd@&[$\$5CJ0KH$\aJ0R`2R  03>;>2>: 3dd@&[$\$5CJ\aJBA B A=>2=>9 H@8DB 0170F0XiX 01KG=0O B01;8F04 l4a .k . 0 5B A?8A:0 `/` 03>;>2>: 1 =0:'5B*CJOJPJQJ\^JaJph6_`/` 03>;>2>: 3 =0:'5B*CJOJPJQJ\^JaJphOD^`D 0 1KG=K9 (251)dd[$\$PK![Content_Types].xmlj0Eжr(΢Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi};~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭?PK!֧6 _rels/.relsj0 }Q%v/C/}(h"O = C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xml M @}w7c(EbˮCAǠҟ7՛K Y, e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+& 8PK!Ƶtheme/theme/theme1.xmlYnE#;8U i-qN3'JH DA\8 R>CW]{'ސ{g?x݈]"$q+_,y>8{7 K }xLވHe 2{Rܜaˋ??<ߟdžSr$L].<İT̟72S"ѵ_JwL&BJ05kZVyVy|xC OO|x>+<>@(:??/>5{yxFDdm 3^q5'=q6nib-$RB}}YGq=xK@;)^qbha79g . pUʹ;bbmc[$c'a}5KKfH5HL!ݦ&|mK{N6M6hq v|y 58+zH  *~ HHy\K*t@G>{sA}"))y sGfۡqǾ'w E1 [8>ܤ4Aбt׎~ls14_>,Ȭ7TT GqME=w-i>mo[oiBszbP:j5if F 9Pɉ* k\ A ;!N`.{I SցD p3˅5veU}AbvyA/g 氚 Z N+lR~aeԩj9&&CLgMʼn7a A0ƀHEA3~{q q1vƨl効9)>൜fN1N FIrdq8Y^:_73.|3 f%Jش?MOY s 3;} Rc0`d[鯠$ÿ - έhǴ"P 6T{TUٴ+9E28Y*MOt0O9Bݍqg7Ŕ9O)z?7#]u rBIHAאTpl>՟,SpT4@~BA%}'0+{eRF&rĪ#uu\{BHuM6`pG}N+!'_oN콶3a3dXZzCyCUɪ嶂ZZZ۱f,fAg-@`g v6V?Dhf6t=M&ʺ6ײ'݉#֚>d8s9xN=ڮjAv11;u2%M2oN1uo%տPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!Ƶtheme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] . 81+p, : M2o&Ip,  8@0(  B S  ?c&xz;W. 0 @H( .  UnknownG* Times New Roman5Symbol3. * Arial7K@CambriaA BCambria Math"1h{A{AbN̾ bN̾ %0" " 2LP $Pz2!xx@8:07 8=8AB5@AB20 74@02>>E@0=5=8O 8 A>F80;L=>3> @0728B8O >AA89A:>9 $545@0F88 (M8=74@02A>F@0728B8O >AA88) >B 26 023CAB0 2010 3. N 761= 3. >A:20 "1 CB25@645=88 48=>3> :20;8D8:0F8>==>3> A?@02>G=8:0 4>;6=>AB59 @C:>2>48B5;59, A?5F80;8AB>2 8 A;C60I8E, @00;5@8O0;5@8OOh+'0 0 @L l x L (M ) 26 2010 . N 761 . " , , " ""Normal2Microsoft Office Word@F#@ sO@ sO bN̾՜.+,0 hp   Microsoft "   (M ) 26 2010 . N 761 . " , ,    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+-./012356789:;BRoot Entry Fp8tOD1TableWordDocument28SummaryInformation(,DocumentSummaryInformation84CompObjy  F' Microsoft Office Word 97-2003 MSWordDocWord.Document.89q