Documentacion Pfsense, Por Upc

! !

!"#!"$% &'(%

899:'

)*#"!+,%-."!/0,1%2!%)!/30*2,2%4%566!#7% ,%1,%8!2%9,0,%3.%2!9,0",+!."7%2!%1,% &'(% !"#$%&'()%*+$,'

-./'0'123425$%4)'$2'1"$6&%7246)'

!

!

""!

% % ! ! ! ! ! !

% 5/0,2!6*+*!."7#% ! !"#$%&'()$*#(%+,%-$-.*,-(%,%/,01$23%4.%415$'6%7.8%$22,3%8,-,%-$%$"#(%91:.$',%".-(% &(".:2$6% % ;$%<1"#,'=,%,<',-$*$'%#,4:.>8%,%,01$22("%01$%9,8%*(2,:(',-(?% @%!8'.*3%4.%#1#('% @%2("%1"1,'.("%-$2%-$&,'#,4$8#(3%&('%#$8$'%2,%"1A.*.$8#$%&,*.$8*.,%)%8(%22$<,'%,% 4,#,'4$%-1',8#$%2,%A,"$%-$%&'1$:,"%B*,".%8.%2(%.8#$8#,'(8C% @%2,%-.'$**.D8%-$2%-$&,'#,4$8#(3%&('%"1%*(8A.,8E,%&2$8,%$8%4.%)%2,%2.:$'#,-%01$%4$% -,8%&,',%9,*$'%4.%#',:,5(

!

"""!

!

"#!

% % !

% % :.2*6!% ;<=%-."072366*>.====================================================================================================== ;! $%$&%!'()*+!,-.!/)+0-*1+ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% $! $%2&%!/)+3.-4(!(!)-5+.#-)6!,-5*)"7*"89!,-!.(!5"1:(*"89!"9"*"(.%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ;! ?<=%@$A!"*B7#%2!1%9074!6"7= ===================================================================================== C! 2%$&%!<3=-1"#+5!>:9*"+9(.-5% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ?! 2%2&%!<3=-1"#+5!9+!>:9*"+9(.-5%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% @! D<=%5.E1*#*#%4%2*#!F7 ================================================================================================ G! ;%$&%!A+7+.+BC(!,-!)-, %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% D! ;%2&%!E")-F(..%!G+>1F()-%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%$H! F6G6HI6%JKL(& 6666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HF! F6G6GI6%4M8MN,22 666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HO! F6G6FI6%&A7$8"$6666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HP! F6G6OI6%74((#9Q,22666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HR! F6G6PI6%;.*'("(A#%J8#$'8$#%7$*1'.#)%,8-%@**$2$',#.(8%7$'+$' 66666666666666666666666666666666666666666666666666666666 HS! F6G6RI6%T:18#1%U.81V 666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HW! F6G6SI6%!2$**.D8%A.8,2 666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 HX! ;%;&%!E")-F(..%!I(),F()- %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%$D! ;%J&%!E")-F(..%!K57-*1+5!>C5"*+5% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2H! H<=%-+91!+!.",6*>.%!%*+91,.",6*>. ====================================================================== ?;! J%$&%!A+7+.+BC(!,-!)-, %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2$! J%2&%!L951(.(*"89!,-.!>")-F(.. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%22! J%;&%!M")-**"+9(4"-91+!NMIO/6!MPGQ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%22! J%J&%!PKA!0!5-)#"*"+5!#"5"3.-5!,-5,-!-.!-R1-)"+)%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2;! J%S&%!T-B.(5!,-!>".1)(,+ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2J! J%U&%!/+)1(.!O(:1"#+ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2@! J%?&%!K**-5+!)-4+1+!(!1)(#V5!,-!)-,!7)"#(,(!#")1:(.!NW/PQ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2D! J%@&%!G"51-4(!,-!,-1-**"89!,-!"91):5+5%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;H! J%D&%!'+9"1+)"X(*"89!,-.!5"51-4(%!T-B"51)+!,-!,(1+5 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;$! J%$H&%!/:-51(!-9!4()*Y(!,-.!5"51-4(!-9!"47.-4-91(*"89!)-(.%!T-5:.1(,+5 %%%%%%%%%%%%%%%%%%%%%%%%%%%%;S! J%$$&%!K9Z."5"5!,-!)-9,"4"-91+ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;?! J%$2&%!K.1(!,"57+9"3".",(,!NOKT/Q %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;@! J%$;&%!T-5:.1(,+!>"9(.%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%JH! J%$J&%!K9Z."5"5!,-!)"-5B+5!0!7.(9!,-!*+91"9B-9*"(%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%JH! J%$S&%!M+*:4-91(*"89!(7+)1(,( %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J$! I<=%'1,.*J*6,6*>.%2!1%9074!6"7 =============================================================================== HD! S%$&%!/.(9">"*(*"89!1-47+)(.%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J;! S%2&%!/.(9">"*(*"89!-*+984"*( %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%JS!

!

"!

K<=%(7.613#*7.!# =================================================================================================== HC! U%$&%!<3=-1"#+5!0!3-9->"*"+5 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J?! U%2&%!/.(9">"*(*"89%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J?! U%;&%!E:1:)+ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J@! U%J&%!M">:5"89 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%J@! 5.!L7%"M6.*67 ====================================================================================================== IN! M+*:4-91+5!1V*9"*+5!,-!L951(.(*"89 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%SH! YZ6J6[HI6%J8"#,2,*.D8%-$%&A7$8"$%)%*(8A.<1',*.D8%:\".*, 6666666666666666666666666666666666666666666666666666666666666666 P[! YZ6J6[GI6%L(8A.<1',*.D8%-$%.8#$'A=*.$"%)%"1:'$-$"%$8%&A7$8"$ 6666666666666666666666666666666666666666666666666666666 PS! YZ6J6[FI6%L(8A.<1',*.D8%-$%'$<2,"%$8%&A7$8"$66666666666666666666666666666666666666666666666666666666666666666666666666666666666666 RG! YZ6J6[OI6%L(8A.<1',*.D8%-$2%,**$"(%-$"-$%$2%$V#$'.('%B]@Z3%^.'#1,2%JKC 66666666666666666666666666666666666 RS! YZ6J6[PI6%L(8A.<1',*.D8%-$2%"."#$4,%-$%K('#,2%L,1#.+(%&,',%2,%'$-%.8,2\4:'.*, 6666666666666666 S[! YZ6J6[RI6%L(8A.<1',*.D8%-$%^K]%&,',%,**$"("%'$4(#("6666666666666666666666666666666666666666666666666666666666666666666 SW! YZ6J6[SI6%L(8A.<1',*.D8%-$2%"."#$4,%-$%-$#$**.D8%-$%.8#'1"("%B7]M/ZC6666666666666666666666666666666666 WG! YZ6J6[WI6%;(8.#('.E,*.D8%-$%2,%.8A',$"#'1*#1',%B")"2(<3%8,<.("%)%8#(&C66666666666666666666666666666666666 WP! YZ6J6[XI6%@2#,%-."&(8.:.2.-,-%BL@/KC6666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 XH! M+*:4-91+5!1V*9"*+5!,-.!7.(9!,-!*+91"9B-9*"(%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%DS! YZ6KL6[HI6%/$+.",'%L(8$V.(8,-(%-$%AN$#*<[H6666666666666666666666666666666666666666666666666666666666666666666666666666666666666 XS! YZ6KL6[GI6%/$+.",'%L(8$V.(8,-(%-$%AN$#*<[G6666666666666666666666666666666666666666666666666666666666666666666666666666666666666 XW! YZ6KL6[FI6%K'(*$"(%-$%'$*1&$',*.D8%-$%AN$#*<[H 66666666666666666666666666666666666666666666666666666666666666666666666666666 XX! YZ6KL6[OI6%K'(*$"(%-$%'$*1&$',*.D8%-$%AN$#*<[G 666666666666666666666666666666666666666666666666666666666666666666666666666H[[! YZ6KL6[PI6%K'(*$"(%-$%'$*1&$',*.D8%,2#$'8,#.+( 66666666666666666666666666666666666666666666666666666666666666666666666666666H[H! M+*:4-91+5!1V*9"*+5!,-!:5:()"+!0!(,4"9"51)(*"89!,-.!5"51-4(%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% $H2! YZ6T6[HI6%J8*('&(',*.D8%-$%18%81$+(%$01.&(%,%2,%'$-%-$2%-$&,'#,4$8#( 6666666666666666666666666666H[G! YZ6T6[GI6%@-4.8."#',*.D8%-$%2,"%'$<2,"%-$%A.2#',-(6666666666666666666666666666666666666666666666666666666666666666666666666H[G! YZ6T6[FI6%Z,'$,"%-$%4,8#$8.4.$8#(?%*(&.,"%-$%"$<1'.-,-6666666666666666666666666666666666666666666666666666666666H[F! YZ6T6[OI6%@*#1,2.E,*.D8%-$2%"."#$4,666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666H[O! O*$1*7/0,JP,%4%!.1,6!#========================================================================================== ;NI! [9.(*-5!,-!L91-)9-1%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% $HS! \"3."+B)(>"( %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% $HS! M+*:4-91(*"89!,-!*:)5+5 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% $HS!

!

""!

;<=%-."072366*>.% ;=;<=%Q,067%2!1%'074!6"7% [.! M-7()1(4-91+! ,-! L9B-9"-)C(! ,-.! A-))-9+6! O()1+B)Z>"*(! 0! ]-+>C5"*($! ,-! .(! ^9"#-)5"1(1!/+."1V*9"*(!,-!O(1(.:90(2!1"-9-!5:!5-,-!7)"9*"7(.!-9!-.!48,:.+!M2!,-.! O(47:5!P+),!,-!\()*-.+9(%!G:!4"5"89!7)"9*"7(.!-5!,-5())+..()!1()-(5!,-!,+*-9*"(! -!"9#-51"B(*"896!>+)4(9,+!7()1-!,-!.(![5*:-.(!,-!O(4"9+56!O(9(.-5!0!/:-)1+5!,-! \()*-.+9(;6!!0!*+.(3+)(9,+!1(43"V9!-9!.(![5*:-.(!,-!K)_:"1-*1:)(!AV*9"*(J%! `(5! Z)-(5! ,-! "9#-51"B(*"89! 0! ,+*-9*"(! ,-.! ,-7()1(4-91+! 1)(1(9! 3Z5"*(4-91-! .(! -R7-)"4-91(*"89!1-8)"*+&7)Z*1"*(!,-.!1-))-9+6!(5C!*+4+!.(!,->"9"*"89!,-!4+,-.+5! 4(1-4Z1"*+5!_:-!,-5*)"3(9!0!7:-,(9!7)-,-*")!5:5!*+47+)1(4"-91+5%![.!:5+!,-!.(! "9>+)4Z1"*(6!-57-*"(.4-91-!,-.!*Z.*:.+!"91-95"#+6!-5!*):*"(.%!

! "#$%!&'%!()#*#+#,!-.!)/0!123456!7,8)!)/!02!9:1!

`+5! G-)#"*"+5! L9>+)4Z1"*+5! ,-.! ,-7()1(4-91+! NGL[AO]Q6! 5-! :3"*(9! -9! -.! 48,:.+! M2! ,-.! O(47:5! P+),! 0! 5-! -9*()B(9! ,-! B-51"+9()! 1+,+5! .+5! )-*:)5+5! ALO! NA-*9+.+BC(5!,-!L9>+)4(*"89!0!O+4:9"*(*"89Q!7()(!7+,-)!"47.-4-91()!5-)#"*"+5! ,-!*(.",(,!_:-!,-9!5+7+)1-!(!.(5!1()-(5!7)+7"(5!,-.!,-7()1(4-91+%![51+5!5-)#"*"+5! 5-!7:-,-9!-94()*()!-9!.+5!5"B:"-91-5!B):7+5a! & & &

G-)#"*"+5!,-!(**-5+!(!)-,6!,+9,-!5-!-9*:-91)(!.(!(,4"9"51)(*"89!,-!.(!)-,! .+*(.6!.(!)-,!"9(.Z43)"*(!0!-.!(**-5+!(!.(!)-,!1)+9*(.!,-!.(!^/O6!*+9!5(.",(!(.! -R1-)"+)%! G-)#"*"+5! ,-! >"*Y-)+5! -! "47)-5"896! ,+9,-! -51Z! .(! "47.-4-91(*"89! ,-! 5"51-4(5! _:-! 7-)4"1-9! -.! 1)(3(=+! *+.(3+)(1"#+! -9! B):7+6! (5C! *+4+! -.! :5+! ,-!)-*:)5+5!*+47()1",+5!0!.+5!7-)4"5+5!(,-*:(,+5%! G-)#"*"+! ,-! *Z.*:.+! "91-95"#+6! ,+9,-! 5-! B-51"+9(! 1+,+! .+! )-.(1"#+! (! .(5! 4Z_:"9(5! ,-! *Z.*:.+! "91-95"#+6! ,-5,-! .(! ,-*"5"89! ,-! .(! *+9>"B:)(*"896! 5:! *+47)(6!"951(.(*"896!(,4"9"51)(*"896!4(91-9"4"-91+!0!)-*"*.(=-%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![AO]6!FFF%-1*B%:7*%-,:! !^/O6!FFF%:7*%-,:! ;![AG[OO/\6!FFF&*(4"95%:7*%-,:! J![/G[\6!FFF%-75-3%:7*%-,:! $ 2

!

$!

&

G-)#"*"+! ,-! *+9>"B:)(*"89! 0! 4(91-9"4"-91+! ,-! -51(*"+9-5! ,-! 1)(3(=+! ,-! :5:()"+56!,+9,-!5-!B-51"+9(!1+,(!.(!#",(!,-!:5+!,-!:9(!-51(*"89!7-)5+9(.6! `(!*+47)(6!"951(.(*"896!4(91-9"4"-91+!5+>1F()-!0!Y(),F()-6!5+.:*"89!,-! 7)+3.-4(5!0!)-1")(,(!0!7+51-)"+)!)-:5+!+!)-*"*.(=-%!

K*1:(.4-91-6!-.!48,:.+!M2!-51Z!*(3.-(,+!*+47.-1(4-91-!*+9!*(3.-!,-!*+3)-!^A/! ,-!*(1-B+)C(!S6!*+9!(.!4-9+5!2!*+9-R"+9-5!7+)!,-57(*Y+6!*+9-*1(,(5!(!:9!7:91+! *-91)(.%! [51(! "9>)(-51):*1:)(! ,-! *(3.-(,+! .(! *+47()1-9! .(! "951(.(*"89! ,-! )-,! ,-! ,(1+5!0!.(!)-,!1-.->89"*(%!! [9! *:(91+! (! .(! )-,! ,-! ,(1+56! 5-! ,"57+9-9! ,-! *+94:1(,+)-5! N5F"1*Y-5Q! ,-! (.1(5! 7)-51(*"+9-56!,-!4()*(!OLGO"3)(! 871"*(6!*+9!1-*9+.+BC(!]"B(3"1![1Y-)9-1%!! `(!)-,!1)+9*(.!,-!^/O!"91-)*+9-*1(!(!1)(#V5!,-.!O-91)+!,-!G:7-)*+47:1(*"89!,-! O(1(.:90(S*+9! .(! K9-..(! O"-91C>"*(6! )-,! *(1(.(9(! ,-! "9#-51"B(*"896! _:-! (! 5:! #-X6! "91-)*+9-*1(!*+9!(.!T-,![51(1(.!,-!L9#-51"B(*"89U!0!-51(!*+9!.(!5(.",(!(!L91-)9-1%! [9! .(! >"B:)(! 2! 5-! 7:-,-! +35-)#()! :9! ,"(B)(4(! ,-! .(! "91-)*+9-R"89! ,-! .(! K9-..(! O"-91C>"*(!*+9!T-,LTLG!-!L91-)9-1%!

! "#$%!.'%!;,4,0,$<2!)/!8/)!)/!02!=>/002!1#/>?<*#+2!@!65!#>?/8+,>/A#B>%!

[9! -.! 5-)#"*"+! ,-! (**-5+! ,-! .(! )-,! .+*(.! ,-! GL[AO]! (! .(! )-,! 1)+9*(.! ,-! .(! ^/O! -5! ,+9,-! 5-! -94()*(! .(! 4(0+)! 7()1-! ,-.! ,-5())+..+! ,-! -51-! 7)+0-*1+%! G-! ,-3-! "47.-4-91()!:9!5"51-4(!_:-!*+91)+.-!-.!(**-5+!(!.(!)-,!.+*(.!,-!4(9-)(!5-B:)(%! A"-9-! _:-! 5-)! 5-9*"..+6! >"(3.-6! -5*(.(3.-6! .+! 4Z5! (:189+4+! 7+5"3.-! 0! ,-3-! -51()! "47.-4-91(,+!-9!1-*9+.+BC(!,-!5+>1F()-!."3)-%! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! S U

!

!O[GOK6!FFF%*-5*(%*(1! !T-,!,-!L91-)*+9-R"89!,-!T-*:)5+5!L9>+)4Z1"*+G6!T-,LTLG6!FFF%)-,")"5%-5!

2!

;=?<=%'07$1!+,%,%0!#71B!0R%2!#60*96*>.%2!%1,%#*"3,6*>.%*.*6*,1%

`(! ^/O! ,"57+9-! ,-! :9(! ,")-**"89! L/! ,-! *.(5-! \! (5"B9(,(6! .(! $J?%@;%H%H6! _:-! (,4"9"51)(!."3)-4-91-%![51(!,")-**"89!,-!)-,!7-)4"1-!:9!4ZR"4+!,-!*+9-R"89!,-! USS;J!-_:"7+5!*+9!,")-**"89!L/!7b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b3."*(56!*+91(9,+!_:-!.(!$J?%@;%S$%$!-5!.(! ,")-**"89! ,-! .(! "91-)>(X! ,-.! )+:1-)! _:-! ,(! (**-5+! (! 1)+9*(.%! [51-! )+:1-)! 9+! -51Z! (,4"9"51)(,+! 7+)! GL[AO]%! [5! -.! b.1"4+! -.-4-91+! ,-! )-,! 1)+9*(.6! ,-5,-! -.! 7:91+! ,-!#"51(!,-.!,-7()1(4-91+%!! [9!.(!9+4-9*.(1:)(!,-!)-,!_:-!5-!:1"."X()Z6!-9!1+,+!-.!,-5())+..+6!(.!-9.(*-!,-!.(! )-,!,-.!,-7()1(4-91+!*+9!.(!)-,!1)+9*(.6!5-!.-!..(4()Z!cKP6!_:-!*+))-57+9,-!*+9! dc",-! K)-(! P-1F+)ef! N)-,! ,-! Z)-(! -R1-95(Q%! I"518)"*(4-91-! -51-! 1-)4"9+! Y(! -51(,+! +)"-91(,+! (! )-,-5! ,-! (**-5+! 7+)! 4()*(,+! NTMGL6! T-,-5! 1-.->89"*(56! -1*%Q! ,-!.()B(!,"51(9*"(%!I+0!-9!,C(!5-!:1"."X(!7()(!.+5!-9.(*-5!_:-!"91-)*+9-*1(9!.(!)-,! .+*(.! *+9! -.! -R1-)"+)! N0(! 5-(! (! 1)(#V5! ,-! +1)(! )-,! .+*(.6! (! 1)(#V5! ,-! :9(! )-,! ,-! *(47:56!+!(!1)(#V5!,-!:9!-9.(*-!KMG`6!7+)!-=-47.+Q%! [9!*:(91+!(.!,-7()1(4-91+6!Y(51(!-.!(g+!2HHJ6!.(5!4Z_:"9(5!,-!.(!)-,!.+*(.!N,-!.(! 4"54(! >+)4(! _:-! (91-5a! `KP6! d`+*(.! K)-(! P-1F+)ef6! )-,! ,-! Z)-(! .+*(.Q! 5-! *+9-*1(3(9! ,")-*1(4-91-! (! .(! cKP6! :1"."X(9,+! -.! ,")-**"+9(4"-91+! 7b3."*+! ,-.-B(,+!7+)!.(!^/O%!K5C6!:9!-_:"7+!,-!:9!7)+>-5+)!1-9C(!:9(!,")-**"89!L/!7b3."*(! N$J?%@;%S$%?J6!7+)!-=-47.+Q!#"5"3.-!5"9!9"9Bb9!>".1)+!(!1)(#V5!,-!L91-)9-1%!/+*+!(! 7+*+6! -51+! >:-! *+9#")1"V9,+5-! -9! :9! 7)+3.-4(! ,-! 5-B:)",(,6! 0(! _:-! *+9! .(! (7()"*"89! ,-! 1)+0(9+5! 0! #"):5! _:-! 5-! -R1-9,C(9! 7+)! .(! )-,6! .+5! -_:"7+5! ,-! .+5! :5:()"+5!5-!"9>-*1(3(9!(.!9+!-51()!1+1(.4-91-!5-*:)"X(,+5%! O+9*)-1(4-91-6! ,:)(91-! -.! 7-)C+,+! ,-! 5-4(9(! 5(91(! ,-! 2HHJ6! S! +),-9(,+)-5! 5:>)"-)+9! :9! (1(_:-! ,-! ,"**"+9()"+@! *+9! .+! _:-! 5-! +31:#+! .(! *+91)(5-g(! ,-.! (,4"9"51)(,+)!.+*(.!,-!.+5!S!5"51-4(5%!K.!+31-9-)!.(5!*)-,-9*"(.-56!.+5!(1(*(91-5! "951(.()+9! -9! -5(5! 4Z_:"9(5! :9(5! 7:-)1(5! 1)(5-)(56! ,+9,-! *+.B()+9! *+91-9",+! ".-B(.! 7()(! ,"51)"3:")! 7+)! L91-)9-1%! [.! (1(_:-! >:-! ,-5*:3"-)1+! ,+5! 5-4(9(5! 4Z5! 1(),-6!*:(9,+!:9+!,-!.+5!:5:()"+5!5-!,"+!*:-91(!_:-!5:!,"5*+!,:)+!1-9C(!4:0!7+*+! -57(*"+!."3)-!5"9!(7()-91-4-91-!5(3-)!*+4+!-51(3(!+*:7(,+%! [51-!5:*-5+!>:-!-.!,-1+9(91-!7()(6!(91-5!,-!#-)(9+!,-!2HHJ6!"951(.()!:9!5"51-4(! ,-! 5-B:)",(,! (! 9"#-.! ,-! )-,! -9! -.! ,-7()1(4-91+%! [.! ,")-*1+)! ,-.! ,-7()1(4-91+! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !`(5!,")-**"+9-5!L/!7b3."*(5!5+9!(_:-..(5!_:-!5+9!#"5"3.-5!(!1)(#V5!,-!L91-)9-1%!M-1)Z5!,-!:9(!L/!7b3."*(!7:-,-!Y(3-)!:9! -_:"7+!+!:9(!5:3)-,!*+9!,")-**"+9(4"-91+!7)"#(,+%![.!,")-**"+9(4"-91+!7)"#(,+!7-)4"1-!(5"B9()!4Z5!,")-**"+9-5!,-!.(5! _:-!5-!7+,)C(!7+)!:9!,")-**"+9(4"-91+!7b3."*+!0!7-)4"1-!+*:.1()!1+7+.+BC(56!7+)!4+1"#+5!,-!7)"#(*",(,!0!5-B:)",(,%![.! 5"B:"-91-!-9.(*-!,-!.(!c"e"7-,"(!)-(."X(!:9(!,-5*)"7*"89!3)-#-!7-)+!*.()(!,-!.+5!*+47+9-91-5!,-!:9(!,")-**"89!L/a! Y117ahh-5%F"e"7-,"(%+)BhF"e"hM")-**"89iL/! @!^9!(1(_:-!,-!,"**"+9()"+!*+95"51-!-9!:9(!7):-3(!4(5"#(!,-!:5:()"+5!0h+!*+91)(5-g(5!3(5(,(5!-9!:9(!."51(!,-! 7+5"3".",(,-56!*+9=:91(9,+!7(.(3)(5!*+9+*",(5%! ?

!

;!

*+9,"*"+98! .(! "47.-4-91(*"89! (! _:-! 1:#"-)(! :9! "47(*1+! 4C9"4+! 5+3)-! .(! 1+7+.+BC(! -R"51-91-! ,-! 4(9-)(! _:-6! -9! *(5+! ,-! ,-=()! ,-! >:9*"+9()6! 5-! 7:,"-)(! )-*:7-)()!-.!(**-5+!,-!>+)4(!5-9*"..(!0!7+)!7-)5+9(.!d9+!"9>+)4Z1"*+f%!A+,+!-..+! 5"B:"-9,+!:9(5!"951):**"+9-5!,->"9",(5%! [.!,"5-g+!_:-!5-!:1"."X8!>:-!:9(!1+7+.+BC(!,-!:9!>")-F(..!-9!4+,+!d3)",B-f%![51+!-5! :9!-_:"7+!*+9-*1(,+!-91)-!-.!-9.(*-!*+9!-.!)+:1-)!0!.(!)-,!.+*(.!_:-!>".1)(!1+,(5! .(5! *+4:9"*(*"+9-5! -9! 3(5-! (! )-B.(5! ,->"9",(5%! [51-! 5"51-4(! 5-! 3(5(! -9! :9(! 1-*9+.+BC(! ..(4(,(! d/)+R0! KT/f6! _:-! (! B)(9,-5! )(5B+56! j-9B(g(k! (.! )+:1-)! ,"*"-9,+!_:-!-.!7)+7"+!>")-F(..!-5!1+,(5!.(5!4Z_:"9(5!,-!.(!)-,!0!-9B(g(!(!1+,(5! .(5!4Z_:"9(5!,-!.(!)-,!,"*"-9,+!_:-!-.!-5!-.!)+:1-)D%!/()(!-..+6!5-!1:#+!_:-!,"#",")! .(!)-,!-9!,+5!5-B4-91+56!4-,"(91-!-.!:5+!,-!W`KP!N`KP!#")1:(.-5Q%! `(5!W`KP$H6!+!)-,-5!#")1:(.-56!5-!:5(9!7()(!,"#",")!5-B4-91+5!,-!)-,!(!9"#-.!,-! 5F"1*Y%!\Z5"*(4-91-!5-!(5"B9(!:9!",-91">"*(,+)!,-!W`KP!(!*(,(!7:-)1+!,-.!5F"1*Y6! ,-!4(9-)(!_:-!1+,+5!.+5!7:-)1+5!_:-!1"-9-9!-.!4"54+!",-91">"*(,+)6!(*1b(9!*+4+! 5"! -51:#"-)(9! *+9-*1(,+5! (! :9! 4"54+! 5F"1*Y! -51Z9,()! N5"9! W`KPQ%! K,-4Z5! -R"51-9! 7:-)1+5! _:-! -51Z9! *+9-*1(,+5! (! #()"(5! +! 1+,(5! .(5! W`KP6! _:-! 5-! 5:-.-9! :5()!7()(!"91-)*+9-*1()!5F"1*Y-5%![51+5!7:-)1+56!5+9!..(4(,+5!7:-)1+5!,-!d1):9ef%! [.!Y-*Y+!,-!,"57+9-)!,-!:9!>")-F(..!7-)4"1"8!1(43"V9!.(!"951(.(*"89!,-!:9(!9:-#(! 5:3)-,! -9! .(! _:-! 5-! *+9-*1()+9! 7:91+5! ,-! (**-5+! 7()(! "47.-4-91()! :9(! )-,! "9(.Z43)"*(! N4(91-9"-9,+! .(! 9+4-9*.(1:)(6! c`KP6! dc")-.-55! `KPfQ%! [51(! )-,! -51(3(!5-*:)"X(,(!4-,"(91-!:9(!*.(#-!,-!-9*)"71(*"89!b9"*(%! [.!-5_:-4(!>"9(.!,-!.(!1+7+.+BC(!"47.-4-91(,(!5-!7:-,-!#-)!-9!.(!>"B:)(!;%!

! "#$%!C'%!;,4,0,$<2!/>!3,),!DE8#)$/D!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![51(!1V*9"*(!5-!+31"-9-!4-,"(91-!.(!)-57:-51(!KT/!(!1+,(5!.(5!*+95:.1(5!_:-!Y(B(9!1(91+!)+:1-)!*+4+!-_:"7+5!.+*(.-5%![9! -.!5"B:"-91-!-9.(*-!,-!.(!c"e"7-,"(!Y(0!:9(!"9>+)4(*"89!-R7."*(1"#(!4Z5!1V*9"*(a!Y117ahh-5%F"e"7-,"(%+)BhF"e"h/)+R0iKT/! $H !`(!,->"9"*"89!,-!W`KP!,-!.(!c"e"7-,"(!-R7."*(!,-!4(9-)(!3Z5"*(!-.!>:9*"+9(4"-91+!,-!W`KPa! Y117ahh-5%F"e"7-,"(%+)BhF"e"hW`KP! D

!

J!

[51(!1+7+.+BC(!*:47.-!*+9!.(5!-57-*">"*(*"+9-5!,-!1+.-)(9*"(!(!>(..+5!,-.!>")-F(..6! 0(!_:-!-9!*(5+!,-!7)+3.-4(6!3(51(!*+9!*+9-*1()!:9!*(3.-!*):X(,+!_:-!:9(!.(5!,+5! )+5-1(5!,+9,-!-51Z!*+9-*1(,+!7()(!_:-!>:9*"+9-!-.!-9.(*-6!+3#"(4-91-6!5"9!>".1)+! (.B:9+%!! G-!"47.-4-918!*+9!:9!-_:"7+!,-!5+3)-4-5(!,-!3(=+!*+51-6!-9!-.!_:-!5-!"951(.()+9! ;! 1()=-1(5! ,-! )-,%! K! 9"#-.! ,-! 5+>1F()-! 5-! "951(.8! :9(! ,"51)"3:*"89! ,-! `"9:R! ,-,"*(,(!7()(!>")-F(..5a!L/O+76!_:-!5-!1)(1(!,-!:9!5"51-4(!_:-!5-!(,4"9"51)(!7+)! F-3! *+9! *"-)1(! >(*".",(,%! [5! 4:0! )+3:51+! 0(! _:-! b9"*(4-91-! 1"-9-! -.! 5+>1F()-! ,-,"*(,+!(!1()-(5!,-!>")-F(..!0!-9):1(,+%!! A(43"V9! 5-! "951(.8! :9(! *+7"(! ",V91"*(! ,-.! 5"51-4(! -9! :9! /O! ,-! *()(*1-)C51"*(5! 5"4".()-5!N(.!5-)!:9!-_:"7+!,-!5+3)-4-5(6!,-!3(=+!*+51-6!>:-!>(*1"3.-Q!0!*+9!:9(! *+7"(! ,-! .(! *+9>"B:)(*"896! ,-! 4(9-)(! _:-! 5-! 7:,"-)(! "91-)*(43"()! -9! *(5+! ,-! 7)+3.-4(5%! K5C6! -R"51C(! :9(! ,+3.-! 5-B:)",(,! >)-91-! (! 7)+3.-4(5! N7)"4-)! 7(5+6! -_:"7+! )-5-)#(6! 5-B:9,+! 7(5+6! *(3.-! "91-)*+9-*1(9,+! cKP&`KP! 0! c`KP! (9:.(,(Q%! P+!+351(91-6!*+9!-.!7(5+!,-.!1"-47+6!-51-!,"5-g+!Y(!",+!4+51)(9,+!*()-9*"(5!_:-! Y(9! >+)X(,+! .(! 9-*-5",(,! ,-! )-(."X()! :9! *(43"+! -9! 1+,(! .(! "9>)(-51):*1:)(%! K! *+91"9:(*"89!5-!,-1(..(9a! [9!2HHJ6!.(!*(91",(,!,-!,")-**"+9-5!,-!)-,!."3)-5!_:-!Y(3C(9!N5+3)-!:9(5! @HQ6! -)(9! 5:>"*"-91-5! 7()(! =:51">"*()! -.! ,"5-g+! "47.-4-91(,+%! O+9! -.! 1"-47+6! .(! *(91",(,! ,-! ,")-**"+9-5! ,"57+9"3.-5! -5! "95:>"*"-91-! NY(0! _:-! *+91()!_:-!*(,(!-_:"7+!,-!*+4:9"*(*"+9-56!*(,(!5-)#",+)6!*(,(!"47)-5+)(! ,-! )-,! 0! *(,(! -_:"7+! ,-! :5:()"+6! 1"-9-9! :9(! ,")-**"89! L/Q%! M-! Y-*Y+6! -9! 2HHU!5-!1:#+!_:-!"47.-4-91()!:9!5"51-4(!,-!,")-**"+9(4"-91+!,"9Z4"*+! N5-)#",+)! MIO/Q6! _:-! (7)+#-*Y(3(! :9! *"-)1+! 9b4-)+! ,-! ,")-**"+9-5! 3(5Z9,+5-! -9! _:-! 9+! 1+,+! -.! 7-)5+9(.! -51(3(! 1)(3(=(9,+! -9! 1+,+! 4+4-91+%! [51(! 5"1:(*"89! >:-! 1+)9Z9,+5-! *(,(! #-X! 4Z5! *)C1"*($$! 0! -9! .(! (*1:(.",(,!Y(!5",+!:9+!,-!.+5!4+1"#+5!7)"9*"7(.-5!7()(!3:5*()!:9!*(43"+%! • [.! Y-*Y+! ,-! _:-! .+5! 5-)#",+)-5! 0! .(5! "47)-5+)(5! -51V9! -9! -.! 4"54+! 5-B4-91+! ,-! )-,! ,-! .+5! :5:()"+5! Y(*-! ,">C*".! -51(3.-*-)! 7+.C1"*(5! ,-! 5-B:)",(,!,-!(**-5+%!!/+)!-=-47.+6!:9!:5:()"+!7:-,-!>Z*".4-91-!-9#"()!:9! 1)(3(=+!(!:9(!"47)-5+)(!(*1:(9,+!V.!4"54+!*+4+!5-)#",+)!,-!"47)-5"89! N-5! ,-*")6! +4"1"-9,+! -.! 5"51-4(! ,-! *:+1(5! ,-! "47)-5"89Q%! K,-4Z56! *:(._:"-)!#"):5!7)+7(B(,+!(!9"#-.!,-!)-,6!7:-,-!(>-*1()!(!.+5!5-)#",+)-5%! A(47+*+! 5-! 7:-,-9! +31-9-)! >Z*".4-91-! -51(,C51"*(5! ,-! 1)Z>"*+! _:-! 7-)4"1(9! ,-1-*1()! "9*",-9*"(5! ,-! :5+! -! "47.-4-91()! (47."(*"+9-5! ,-.! 5"51-4(%! • K! 9"#-.! ,-! 5+>1F()-6! -.! :1"."X(,+! 9+! 7-)4"1C(! .(! "47.-4-91(*"89! ,-! :9! 5"51-4(!,-!,-1-**"89!,-!"91):5+5!(*1"#+$2%! • M-3",+!(.!5+>1F()-!1(43"V96!-5!,">C*".!-51(3.-*-)!:9!5"51-4(!,-!#(.",(*"89! ,-!:5:()"+!0!*+91)(5-g(!7()(!(**-,-)!(!.(!)-,!"9(.Z43)"*(6!*+9!.+!_:-!5-! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! •

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b.1"7.-5! (**-5+5!*+9!:5:()"+5h*+91)(5-g(5!,"51"91+56!+!:9!5+>1F()-!_:-!(1(_:-!:9(!#:.9-)(3".",(,!*+9+*",(Q%![.!4Z5!*+9+*",+6! ,-91)+!,-.!4:9,+!,-.!5+>1F()-!."3)-!-5!GP
!

S!

•

• •

1-9C(! _:-! (**-,-)! *+9! :9(! *.(#-! *+47()1",(6! *+9+*",(! 7+)! 1+,+5! N*+9! .+! _:-6!+3#"(4-91-6!"95-B:)(Q%! <1)(5! ."4"1(*"+9-5! 7)+#-9"-91-5! ,-.! 5+>1F()-! :1"."X(,+6! *+4+! .(! "47+5"3".",(,! ,-! -51(3.-*-)! )-B.(5! ,-! (**-5+! ,-! 5(.",(! N-5! ,-*")6! 1+,+! -.! 1)Z>"*+!,-!.(!`KP!(.!-R1-)"+)!-51(3(!7-)4"1",+Q%!! L47+5"3".",(,! ,-! (**-5+! )-4+1+! 5-B:)+6! (! 1)(#V5! ,-! )-,-5! 7)"#(,(5! #")1:(.-56!W/P$;6!1(43"V9!,-3",+!(!.(!,"51)"3:*"89!"951(.(,(%! `(! >"9(."X(*"89! ,-! .(! B()(91C(! ,-.! -_:"7+! "951(.(,+! -9! 2HHJ6! .+! _:-! Y(*C(! +3."B(,+!:9!*(43"+!,-!Y(),F()-%!

A+,+!-51+!Y(!7)+#+*(,+!.(!9-*-5",(,!,-!)-(."X()!:9(!"47.-4-91(*"89!9:-#(6!_:-! 5+.:*"+9-!1+,(5!-51(5!*()-9*"(5!0!_:-!-9!.(!4-,",(!,-!.+!7+5"3.-6!(7+)1-!9:-#(5! >:9*"+9(.",(,-5!,-!>:1:)+!(!.(!"9>)(-51):*1:)(!,-!)-,%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !`(5!T-,-5!/)"#(,(5!W")1:(.-5!5+9!:9(!1-*9+.+BC(!_:-!-51(3.-*-!-9.(*-5!-9*)"71(,+56!*+95",-)(,+5!5-B:)+56!(!1)(#V5!,-! )-,-5!*+95",-)(,(5!9+!5-B:)(56!*+4+!.+5!(**-5+5!(!L91-)9-1%!/-)4"1-9!.(!"91-)*+9-R"89!,-!5-,-5!N5"1-!1+!5"1-Q!+!.(!*+9-R"89! ,-!:5:()"+5!)-4+1+5!(!1)(#V5!,-!L91-)9-16!*+4+!5"!-51:#"-)(9!-9!.(!+>"*"9(!NT+(,F())"+)5Q%!/()(!4Z5!"9>+)4(*"896!-.!."9e! ,-!.(!c"e"7-,"(!-5!3(51(91-!*+47.-1+a!Y117ahh-5%F"e"7-,"(%+)BhF"e"hT-,i7)"#(,(i#")1:(.! $;

!

U!

?<=%@$A!"*B7#%2!1%9074!6"7=% ?=;<=%@$A!"*B7#%J3.6*7.,1!#=% `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g(,")!9:-#(5!>:9*"+9(.",(,-5!_:-!5-!(,(71-9!(!.(5!9:-#(5! 1-9,-9*"(5! 0! (! 9-*-5",(,-5! >:1:)(5%! l! 7+)! b.1"4+6! ! 4(91-9-)! *+9! 1+1(.! B()(91C(! 1+,+5!.+5!5-)#"*"+5!_:-!-R"51-9!Y(51(!-.!4+4-91+%! K5C! 7:-56! -.! 7)"4-)! +3=-1"#+! -5! ,"5-g()! :9(! 5+.:*"89! _:-! 5-(! -5*(.(3.-! (! .()B+! 7.(X+6!-5!,-*")6!_:-!(91-!-.!*)-*"4"-91+!,-.!,-7()1(4-91+6!7+)!B)(9,-!_:-!5-(6!9+! Y(0(!."4"1(*"89!,-!,")-**"+9-5!0!5-!7:-,(9!"951(.()!1+,+5!.+5!-_:"7+56!5-)#",+)-56! "47)-5+)(56!-1*%!_:-!5-(9!9-*-5()"+5%! K,-4Z5!5-!,-3-!4(91-9-)6!-9!.(!4-,",(!,-!.+!7+5"3.-6!-.!+3=-1"#+!"9"*"(.!,-!Y(*-! J! (g+5a! _:-! -.! 5"51-4(! 5-(! .+! 4Z5! )+3:51+! 7+5"3.-! (91-! >(..+5! 0! _:-! 1-9B(! :9! 5"51-4(!,-!)-*:7-)(*"89!5-9*"..+%!Kb9!(5C6!9+!5-)Z!>(*1"3.-!-.!5"51-4(!,-.!d307(55f! *+9!:9!*(3.-6!0(!_:-!5-!,-3-)Z!*(43"()!1+,+!-.!,")-**"+9(4"-91+%! /-)+!5-!,-3-! B()(91"X()!:9!5"51-4(!,-!d*)(5Y!)-*+#-)0f!.+!4Z5!5-9*"..+!0!)Z7",+!7+5"3.-%! A(43"V9! -5! "47+)1(91-! -.! Y-*Y+! ,-! _:-! 5-! 7:-,(9! ",-91">"*()! 1+,(5! .(5! *+4:9"*(*"+9-5%! `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d/+)1(.!O(:1"#+f!_:-!*+95"51-!-9!1-9-)!.(! )-,! (3"-)1(! 0! _:-! -9! .(! 7)"4-)(! *+9-R"89! _:-! 5-! ->-*1b-! ,-5,-! -.! 9(#-B(,+)! (7()-X*(!:9(!7ZB"9(!_:-!5+."*"1-!.(5!*)-,-9*"(.-5%![5!:9!5"51-4(!4:0!-R1-9,",+! -91)-!Y+157+15$J!0!5-)#"*"+5!,-!Y+51-.-)C(!N*+9!9b4-)+5!,-!1()=-1(!,-!*)V,"1+6!-9! #-X!,-!*)-,-9*"(.-5!,-!:5:()"+!0!*+91)(5-g(Q%! [5! ,-5-(3.-! .(! 7+5"3".",(,! ,-! "47.-4-91()! :9(! 1-*9+.+BC(! ,-! W/P! 7()(! (**-5+! )-4+1+!(!.+5!5"51-4(5!0!>"*Y-)+5%! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !G-!-91"-9,-!7+)!dY+157+15f!(_:-..+5!.:B()-5!N(-)+7:-)1+56!*-91)+5!,-!*+9#-9*"896!-1*%Q!_:-!,"57+9-9!,-.!5-)#"*"+!,-! (**-5+!(!.(!)-,!(!1)(#V5!,-!1-*9+.+BC(!"9(.Z43)"*(6!B-9-)(.4-91-!*+9!(:1-91"*(*"89!N-9!*(5+5!,-!*-91)+5!,-!*+9#-9*"+9-5Q6! +!1()">"*(*"89!N(-)+7:-)1+56!Y+51-.-)C(Q! $J

!

?!

l! 7+)! b.1"4+! 0! -9! .(! 4-,",(! ,-! .+! 7+5"3.-6! .(! "9>)(-51):*1:)(! ,-3-! 1-9-)! :9(! "91-)>(X!,-!B-51"89!0!(,4"9"51)(*"89!.+!4Z5!*84+,(!0!5-9*"..(!7+5"3.-6!,-91)+!,-! .(!>.-R"3".",(,!0!7+1-9*"(!9-*-5()"(5!7()(!"47.-4-91()!1+,+5!.+5!5-)#"*"+5%!

?=?<=%@$A!"*B7#%.7%J3.6*7.,1!#%

`+5! +3=-1"#+5! 9+! >:9*"+9(.-5! 5+9! (_:-..+5! _:-! 9+! #"-9-9! -R1)(C,+5! ,-! .(! 9-*-5",(,! ,-.! 5-)#"*"+! 5"9+! _:-! #"-9-9! ,->"9",+5! 7+)! -.! >:9*"+9(4"-91+! ,-! .(! "951"1:*"896!7+)!+3=-1"#+5!7+.C1"*+5!+!,-!1-9,-9*"(5%! [9! -51-! *(5+6! -5! +3=-1"#+! +3."B(,+! 7+)! .(! ^/O! _:-! -.! -_:"7+! _:-! 5-! *+47)-! N-.! Y(),F()-Q6!5-(!Y(),F()-!-51Z9,()6!*+9!(.!4-9+5!;!(g+5!,-!B()(91C(%!K.!5-)!(5C!0! *+9!.+5!7)-*"+5!(*1:(.-56!-.!*+51-!,-!.(!4Z_:"9(!9+!-5!:9(!)-51)"**"89!"47+)1(91-%! G-! ,-3-9! *+47)()! -_:"7+5! 5"4".()-5! (! .+5! _:-! 0(! -51Z9! -9! -R7.+1(*"896! .+! _:-! >(*"."1(! .(5! B-51"+9-5! ,-! (*1:(."X(*"89! 0! 4"9"4"X(! -.! "47(*1+! ,-! (#-)C(56! (.! ,"57+9-)!,-!7"-X(5!,-!)-*(43"+%! K,-4Z5! 0! -9! .(! 4-,",(! ,-! .+! 7+5"3.-6! 5-! ,-3-! "47.-4-91()! *+9! 5+>1F()-! ."3)-%! G8.+! 5-! :1"."X()Z! 5+>1F()-! *+4-)*"(.! 7()(! Y-))(4"-91(5! +! >:9*"+9(.",(,-5! 4-9+)-5!0!-9!-.!*(5+!_:-!5-(!-51)"*1(4-91-!9-*-5()"+%! l!7+)!b.1"4+6!-.!7)+*-5+!,-!"47.(91(*"89!,-3-!1-9-)!:9(!)-7-)*:5"89!4C9"4(!-9! -.!>:9*"+9(4"-91+!,-.!,-7()1(4-91+%![9!.(!4-,",(!,-!.+!7+5"3.-!5-!)-(."X()Z9!.(5! (*1:(*"+9-5! 4Z5! *)C1"*(5! -9! Y+)()"+5! ,-! 3(=(! "91-95",(,! ,-! 1)(3(=+! N1(),-5! (! 7()1")!,-!.(5!U!0!>"9-5!,-!5-4(9(Q%!

!

@!

D<=%5.E1*#*#%4%2*#!F7% D=;<=%S79717/P,%2!%0!2% ^9(!#-X!-51Z9!*.()+5!.+5!+3=-1"#+5!_:-!,-3-!*:47.")!-.!7)+0-*1+6!5-!,-3-!)-(."X()! :9!(9Z."5"5!-RY(:51"#+!7()(!,"5-g()!.(!5+.:*"89!4Z5!(,-*:(,(%! M-.!(9Z."5"5!,-!+3=-1"#+5!5-!-R1)(-6!-91)-!+1)(56!,+5!*+9*.:5"+9-5!4:0!*.()(5a!! • •

-.! -5_:-4(! ,-! ,")-**"+9(4"-91+! ,-! )-,! :1"."X(,+! Y(51(! (Y+)(! 9+! -5! -5*(.(3.-!0!7+)!1(91+6!Y(0!_:-!*(43"().+%! 5-! ,-3-! ,"#",")! .(! )-,! -9! 5:3)-,-56! ,-! 4(9-)(! _:-! .+5! 5-)#",+)-5! -! "47)-5+)(5! -51V9! -9! :9(! )-,! ,"51"91(! (! .(5! -51(*"+9-5! ,-! 1)(3(=+6! 7()(! 7+,-)!>".1)()!0!4+9"1+)"X()!-.!(**-5+!5-Bb9!*+9#-9B(%!

[5! .(! b9"*(! 4(9-)(! ,-! "47.-4-91()! :9(! 5+.:*"89! _:-! 7-)4"1(! (47."()! .(! *(7(*",(,! ,-! *+9-R"89! ,-! :9! B)(9! 9b4-)+! ,-! -_:"7+5! 0! 7+,-)! 1-9-)! :9(! ",-91">"*(*"89!,-!.(5!*+4:9"*(*"+9-5%! /()(! -..+6! 5-! #(! (! :1"."X()! :9! 5"51-4(! ,-! ,")-**"+9(4"-91+! 7)"#(,+6! *+9! ,")-**"+9-5! ,-! *.(5-! \! N,-! :9(! ,")-**"89! ,-! J! +*1-1+56! 2! ",-91">"*(9! .(! )-,! 0! 2! ",-91">"*(9!-.!Y+51Q%![51+!#(!(!)-7+)1()!4b.1"7.-5!#-91(=(5a! •

•

•

G-! 7:-,-9! (5"B9()! USS;J! N2$U&2Q! ,")-**"+9-5! ,-! Y+51! 7+)! 5:3)-,6! *+9! .+! _:-! 5-! -."4"9(! 1+1(.4-91-! -.! 7)+3.-4(! ,-.! 9b4-)+! ,-! ,")-**"+9-5! N7(5(9,+!,-!2SJ!(!USS;JQ%! [.! Y-*Y+! ,-! ,"57+9-)! ,-! 4Z5! ,")-**"+9-56! Y(*-! _:-! 5-! 7:-,(! Y(*-)! :9(! ,"#"5"89! .8B"*(! ,-! .+5! -_:"7+56! +)B(9"XZ9,+.+5! 7+)! L/%! /+)! -=-47.+6! 5"! 5-! :5(!.(!5:3)-,!$?2%2H%H%Hh$U$S6!5-!7:-,-!:1"."X()!.(5!,")-**"+9-5!_:-!#(9!,-! .(!$?2%2H%$H%$!(!.(!$?2%2H%$H%2SS!7()(!",-91">"*()!:9!B):7+!,-1-)4"9(,+! N-9!-51-!*(5+6!7+)!-=-47.+6!.(3+)(1+)"+!,-!B-+1-*9"(Q6!_:-!-5!,">-)-91-!,-! .(5! ,")-**"+9-5! _:-! #(9! ,-! .(! $?2%2H%$S%$! (! .(! $?2%2H%$S%2SS%! K! 9"#-.! ,-! )-,6!-51Z9!-9!.(!4"54(!5:3)-,!N-5!,-*")6!9+!5-!9-*-5"1(!9"9Bb9!)+:1-)!7()(! *+4:9"*().(5Q!0!(!9"#-.!+)B(9"X(1"#+!>(*"."1(!4:*Y+!.(!*)-(*"89!,-!)-B.(5!0! .(!",-91">"*(*"89%! K.! 1)(1()5-! ,-! ,")-**"+9-5! ,-! )-,! 7)"#(,(56! .(! 1+7+.+BC(! ,-! )-,! _:-,(! -5*+9,",(!,-1)Z5!,-.!>")-F(..6!.+!_:-!(:4-91(!.(!5-B:)",(,!,-.!5"51-4(%!!

[9!*:(91+!(!.(5!)-,-56!5-!:1"."X()Z!-.!,"5-g(!*.Z5"*+!,-!>")-F(..56!,-!J!5:3)-,-5a! • •

•

T-,!cKP6!+!(**-5+!-R1-)"+)6!-9!-51-!*(5+!5-!1)(1(!,-.!-9.(*-!*+9!.(!1)+9*(.! ,-!.(!^/O!0!5-)Z!.(!)-,!$J?%@;%S$%Hh2J%! T-,!`KP6!+!)-,!.+*(.6!,+9,-!-51()Z9!1+,(5!.(5!-51(*"+9-5!,-!1)(3(=+!,-!.+5! :5:()"+5%! G-! :1"."X()Z6! *+4+! 5-! Y(! *+4-91(,+6! ,")-**"+9(4"-91+! L/! ,-! *.(5-!\6!*+9*)-1(4-91-!.(!)-,!$?2%$U%H%Hh$U!NY(51(!USS;J!-_:"7+5Q%! T-,!M'm6!.(!)-,!,-54"."1()"X(,(%!G-!1)(1(!,-!.(!)-,!,+9,-!5-!"951(.(9!.+5! 5-)#",+)-5! 0! 5-)#"*"+5! *+4:9-5! N"47)-5+)(56! >(R-56! >+1+*+7"(,+)(56! -1*Q%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![51(!9+4-9*.(1:)(!,->"9-!*.()(4-91-!:9(!,")-**"89!L/%!!M(!.+5!,(1+5!,-!.(!,")-**"89!L/!0!.+5!,(1+5!,-!.(!4Z5*()(!,-!)-,6! _:-!",-91">"*(!.+5!3"15!,-!)-,!,-!.+5!3"15!,-!Y+51%![9!-51-!*(5+6!,-!.(!,")-**"89!7)+7+)*"+9(,(6!.+5!7)"4-)+5!$U!3"15! -_:"#(.-9!(!.(!)-,%![5!-_:"#(.-91-!(!,-*")!_:-!.(!4Z5*()(!,-!)-,!-5!2SS%2SS%H%H%!K5C!7:-56!.(!,")-**"89!$J?%@;%S$%?Jh2J6! ",-91">"*(!(.!Y+51!?J!,-!.(!)-,!$J?%@;%S$%H%! $S

!

D!

•

G-!1"-9-!:9!(**-5+!4:0!)-51)"9B",+6!(5C!5-!B()(91"X(!_:-!.(!X+9(!-5!5-B:)(%! [9!-51-!*(5+!5-!:1"."X()Z!.(!)-,!$?2%$@%H%Hh$U!N.+!_:-!7-)4"1-!.(!*+9-R"89! ,-!Y(51(!USS;J!-_:"7+5Q%! T-,! c`KP6! .(! )-,! "9(.Z43)"*(6! )-,! 3(=+! (:1-91"*(*"89! ,+9,-! 5-! *+9-*1()Z9!.(5!-51(*"+9-5!,-!1)(3(=+!7+)1Z1".-56!/MK!0!1-.V>+9+5%!`(5!)-,-5! "9(.Z43)"*(5! 5-! 5:-.-9! *+95",-)()! *+4+! )-,-5! 9+! *+9>"(3.-5! 0! .+5! 7-)4"5+5!_:-!5-!(7."*(9!5:-.-9!5-)!4:0!."4"1(,+5%!O+4+!9+!-5!7)-#"5"3.-! ,()! (**-5+! "9(.Z43)"*+! (! ,-4(5"(,+5! -_:"7+5! 5-! Y(! -5*+B",+! :9! ,")-**"+9(4"-91+! ,-! *.(5-! O! NY(51(! 2SJ! -_:"7+5Q6! *+9*)-1(4-91-! $D2%$U@%$H$%Hh2J%!

[.!-5_:-4(!,"5-g(,+!-5!-.!_:-!5-!7:-,-!#-)!-9!.(!>"B:)(!J%!

! "#$%!F'%!-#6/G,!)/!02!#>*82/6?85+?582!)/!8/)!

K,-4Z5! ,-! .(! ,"#"5"89! -9! )-,-5! 5-! Y(! (g(,",+! :9! -9.(*-! )-4+1+! #C(! W/P! 7()(! ,->"9")!.(!-51):*1:)(!*+47.-1(%! [51(! 1+7+.+BC(! 7-)4"1-6! (,-4Z56! .(! :1"."X(*"89! ,-! 4Z5! ,-! :9! -9.(*-! cKP! _:-! ,()C(! )-,:9,(9*"(! -9! .(! *+9-*1"#",(,! 0! 7-)4"1")C(! :9! 3(.(9*-+! ,-! *()B(! 7()(! (7)+#-*Y()!1+,+5!.+5!-9.(*-5%!

D=?<=%T*0!U,11=%)7J"U,0!% `(!-51):*1:)(!*-91)(.!,-!1+,+!-.!,"5-g+!-5!-.!>")-F(..$U6!*+9*)-1(4-91-!.+!_:-!5-! *+9+*-!*+4+!>")-F(..!,-!)-,$?%!^9!>")-F(..!-5!:9!,"57+5"1"#+!_:-!(*1b(!-9!.(!*(7(! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![R"51-!:9!,+*:4-91+!+>"*"(.!,-.!L[AE!NL91-)9-1![9B"9--)"9B!A(5e!E+)*-6!+)B(9"54+!_:-!,->"9-!.+5!-51Z9,()-5!,-91)+!,-! .(5!1-*9+.+BC(5!,-!L91-)9-1Q6!_:-!-51(3.-*-!.(5!,")-*1)"*-5!,-!.+!_:-!,-3"-)(!5-)!:9!>")-F(..6!-.!TEO2D?Da! Y117ahh1++.5%"-1>%+)BhY14.h)>*2D?D! $U

!

$H!

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c"9,+F56! ."9:R6! -1*%Q6! +! -.! 1"7+! ,-! (7."*(*"89! _:-! .+! -51Z! :5(9,+!N(7."*(*"+9-5!,-!#+X!5+3)-!L/6!(7."*(*"+9-5!,-!1)Z>"*+!/2/6!51)-(4"9B!,-! (:,"+!0!#",-+6!-1*%Q%!l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`(5!)-B.(5!5-!-=-*:1(9!7+)!+),-9!(5*-9,-91-6!,-!4(9-)(!_:-!*:(9,+!:9!7(_:-1-! *:47.-!1+,(5!.(5!*+9,"*"+9-5!,-!.(!)-B.(6!5-!-51(3.-*-!.(!(**"89!_:-!.(!)-B.(!,->"9(! N7-)4"1")! +! 9+! 7-)4"1")Q! 0! 9+! 5-! )-#"5(9! .(5! 5"B:"-91-5! )-B.(5%! K,-4Z5! ,-! .(5! (**"+9-5! ,->"9",(56! .+5! >")-F(..5! 1(43"V9! 7-)4"1-9! )-B"51)()! .(! (**"89! )-(."X(,(! N.+! _:-! 5-! *+9+*-! *+4+! -5*)"3")! -9! :9! d.+Bf! +! d.+B:-()fQ%! [51+! -5! 4:0! b1".! 7()(! 4(91-9-)! )-B"51)+5! ,-! 5:*-5+5! 0! 7()(! ",-91">"*()! (**"+9-5! 9+! 7-)4"1",(5! +! -51(,C51"*(5!,-!1)Z>"*+%! [R"51-9! ,+5! 7+.C1"*(5! (7."*(3.-5! (.! >:9*"+9(4"-91+! ,-! :9! >")-F(..6! (*-71()! 7+)! ,->-*1+!0!,-9-B()!7+)!,->-*1+%!`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a! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !K*1:(.4-91-!1(43"V9!5-!*+9+*-9!*+4+!>")-F(..5!(_:-..(5!(7."*(*"+9-5!_:-!5-!-=-*:1(9!-9!:9!Y+51!0!_:-!*+91)+.(9!.(5! *+4:9"*(*"+9-5!-91)(91-56!..(4(,(5!>")-F(..5!,-!Y+51%!! $@ ![.!4+,-.+!"9",+!7+)!.(!LG
!

$$!

•

•

E")-F(..5!Y(),F()-6!_:-!5+9!(_:-..+5!-_:"7+5!,"5-g(,+5!-57-*C>"*(4-91-! 7()(! )-(."X()! >:9*"+9-5! ,-! -9):1(,+! 0! >".1)(,+! ,-! 7(_:-1-5! 0! 7()(! -51(3.-*-)!*+4:9"*(*"+9-5!W/P%!]-9-)(.4-91-!5-!:5(9!7()(!:9")!5-,-5!,-! B)(9,-5! "9>)(-51):*1:)(56! (! 1)(#V5! ,-! )-,-5! 7b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

[9! -.! ,-5())+..+! ,-! -51-! 7)+0-*1+! 5-! "951(.()Z! :9! >")-F(..! 7+)! 5+>1F()-6! 7+)! 4+1"#+5!-57-*"(.4-91-!,-!*+51-!0!,-!>.-R"3".",(,%!! ^9(! #-X! ,"5-g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a! $% L/O+7$D6!:9(!,"51)"3:*"89!`"9:R!,-,"*(,(!7()(!1)(3(=()!*+4+!>")-F(..%! 2% 4<9.(5Y%! ;% 7>G-95-226! ,-)"#(,+! ,-! 4<9")-F(..%! S% '"*)+5+>1! L91-)9-16! G-*:)1"0! (9,! K**-.-)(1"+9! NLGKQ! G-)#-)2J6! 5+>1F()-! ,-! '"*)+5+>16!_:-!5"!3"-9!9+!-5!5+>1F()-!."3)-6!.(!^9"#-)5",(,!1"-9-!."*-9*"(!,-! :5+!"."4"1(,+6!*+9!.+!_:-!-.!*+51-!,-.!5+>1F()-!-5!*-)+%! U% ^3:91:!`"9:R2S!*+9>"B:)(,+!4(9:(.4-91-!*+4+!5"51-4(!,-!>")-F(..6!*+9! "71(3.-5! N5+>1F()-! ,-! -9):1(4"-91+! 0! >".1)(,+Q! 0! >F3:".,-)! N"91-)>(X! ,-! *)-(*"89!,-!)-B.(5Q%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !L/O+76!FFF%"7*+7%+)B! !4<9)--35,%+)BQ!-5!:9!5"51-4(!+7-)(1"#+6!,-)"#(,+!,-!\GM!^9"R6!*+9!."*-9*"(!]P^%![5!5"4".()!(!.(5! ,"51)"3:*"+9-5!`"9:R!(*1:(.-56!7-)+!,")-*1(4-91-!,-)"#(,+!,-!\GM%! 22 !7>G-95-6!FFF%7>5-95-%+)B! 2; !";@U!-5!.(!()_:"1-*1:)(!,-!.+5!-_:"7+5!-51Z9,()!,-!L91-.6!-91)-!.+5!_:-!5-!-9*:-91)(9!.+5!7)+*-5(,+)-5!/-91":46!L91-.! O+)-!M:+6!-1*%! 2J !'"*)+5+>1!LGK!G-)#-)6!FFF%4"*)+5+>1%*+4h57("9h"5(5-)#-)! 2S !^3:91:!`"9:R6!FFF%:3:91:%+)B! $D 2H

!

$2!

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`"9:R!N7+)!.+!1(91+!-5!5+>1F()-!."3)-Q! *+9! :9(! "91-)>(X! B)Z>"*(! 7+)! F-3! 3(51(91-! 5-9*"..(%! ^1"."X(! d"71(3.-5f! *+4+! 5+>1F()-!,-!-9):1(,+h>".1)(,+!,-!7(_:-1-5%!! O+4+!7:91+5!(!>(#+)!1"-9-!-.!Y-*Y+!,-!_:-!-5!*+9+*",(!7+)!5-)!.(!:1"."X(,(!Y(51(! (Y+)(%!K,-4Z56!1"-9-!:9!5"51-4(!,-!3(*e:7!4:0!*+47.-1+!_:-!7-)4"1-!,-5,-!.(! 7)+7"(!"951(.(*"89!:9(!)-51(:)(*"89!*+47.-1(!,-.!5"51-4(%!A(43"V9!-5!,-51(*(3.-! .(! *(91",(,! ,-! ,-5())+..(,+)-5! _:-! 1"-9-! ,-1)Z56! 7)+B)(4(9,+! 7(_:-1-5! 7()(! >:9*"+9-5! -57-*C>"*(56! *+4+! :9! >".1)+! 7()(! 1)Z>"*+! /2/%! P+! -R"51-! 4:*Y(! ,+*:4-91(*"89!5+3)-!5:!"951(.(*"89h>:9*"+9(4"-91+6!7-)+!.(!_:-!Y(0!-5!3(51(91-! 3:-9(%! O+4+!7:91+5!-9!*+91)(!1"-9-!_:-!-.!,->"9")!.(5!)-B.(5!-5!4:0!*+47.-=+6!0(!_:-!5-! ,-3-! Y(*-)! -,"1(9,+! -.! >"*Y-)+! ,-! )-B.(5! N9+! ,-5,-! .(! "91-)>(X! F-3! ,-! (,4"9"51)(*"89Q! 0! 9+! 1"-9-! 9"9B:9(! >:9*"+9(.",(,! ,-! /+)1(.! O(:1"#+! N7()(! .(! #(.",(*"89! ,-! .(! )-,! "9(.Z43)"*(Q6! 1(47+*+! ,"57+9-! ,-! W/P! 7()(! :5:()"+5! "9,"#",:(.-5!N5"!7()(!-51):*1:)(!5"1-&1+&5"1-Q6!9"!+7*"89!,-!4+91()!:9(!-51):*1:)(! )-,:9,(91-%!

! "#$%!H'%!1,>6,02!I/E!)/!2)3#>#6?82+#B>!)/!J:1,4!

!

$;!

D=?=?<=%+@.@U,11% 4<9")-F(..5! *+)7+)(1"#+5%! K.! -51()! 3(5(,(! -9! E)--\GM6! 5-! 1)(1(! ,-!5+>1F()-!."3)-%!! G-! 1)(1(! ,-! :9! 5"51-4(! ,"5-g(,+! 7()(! j-43-,,-,! /O5k6! -5! ,-*")6! 5"51-4(5! -43-3",+5%! [51+5! 5"51-4(5! 5+9! -_:"7+5! _:-! 1"-9-9! 1+,+5! .+5! *+47+9-91-5! 4+91(,+5!-9!:9(!7.(*(!,-!7-_:-g+!1(4(g+%!G-!5:-.-9!:1"."X()!7()(!(7."*(*"+9-5!(! 4-,",(!N*+91)+.(,+)-5!,-!)+3+156!5"51-4(5!,-!(,_:"5"*"89!,-!,(1+56!-1*%Q!0!*+9!.(! -R1-95"89!,-!.+5!>")-F(..56!5-!:1"."X(9!-51+5!-_:"7+5!(,(71(,+5!*+9!#()"(5!1()=-1(5! ,-!)-,!0!,-!B)(9!(9*Y+!,-!3(9,(%![.!(.4(*-9(4"-91+!5:-.-!5-)!-9!:9(!1()=-1(!,-! 4-4+)"(! 0! .(5! -57-*">"*(*"+9-5! ,-.! Y(),F()-6! 9+! 5+9! 4:0! -.-#(,(5! N7()(! .(5! >:9*"+9-5!_:-!-51Z9!,"5-g(,+56!1(47+*+!5-!9-*-5"1(9Q%!! `+5! 5"51-4(5! -43-3",+5! 7()(! )-,-56! 5-! 5:-.-9! 4+91()! -9! *(=(5! ,-! 1(4(g+! -51Z9,()! ,-! .+5! ()4()"+5! ,-! *+4:9"*(*"+9-5! 0! *+9! .+5! *+9-*1+)-5! 7+)! .(! 7()1-! ,-.(91-)(! 7()(! _:-! 1-9B(9! :9(! "91-B)(*"89! 5-9*"..(! *+9! .+5! -_:"7+5! ,-! *+4:9"*(*"+9-5!N5F"1*Y-56!)+:1-)56!-1*%Q%! `+5! 7:91+5! (! >(#+)! ,-! 4<9(X! ,-! (,4"9"51)(*"89! F-3! 4:0! *+47.-1(!0!(1)(*1"#(!0!:9(!B)(9!*(91",(,!,-!>:9*"+9(.",(,-56!*+4+!.(!*)-(*"89!,-! )-B.(5!,-5,-!.(!"91-)>(X6!7+)1(.!*(:1"#+!0!5-)#",+)!,-!dc(e-&+9&`KPf2U%!K,-4Z5!.(! ,+*:4-91(*"89! ,"57+9"3.-! 5+3)-! 4<9+)+5! ,-! 5+7+)1-! 5+9!4:0!(*1"#+5%! [9! *:(91+! (! .+5! 7:91+5! 9-B(1"#+56! 3Z5"*(4-91-! _:-! -51Z! +)"-91(,+! (! :9(! ()_:"1-*1:)(! ,-! -_:"7+5! _:-! 9+! 5+9! -51Z9,()%! M-! Y-*Y+6! (*1:(.4-91-! 9+! -5! 5-9*"..+!-9![57(g(!*+95-B:")!:9!-_:"7+!*+47(1"3.-!1+1(.4-91-!*+9!-.!5"51-4(6!.+! _:-! Y(*-! _:-6! -9! *(5+! ,-! (#-)C(! Y(),F()-! 5-! 7:-,(9! 7)+,:*")! 7)+3.-4(5! "47+)1(91-5%! A(47+*+! ,"57+9-! ,-! :9! 5"51-4(! ,-! )-,:9,(9*"(! (*1"#(! 9"! .(! 7+5"3".",(,! ,-! "47.-4-91()! -9! .(! 4"54(! 4Z_:"9(! :9! 5"51-4(! ,-! ,-1-*1+)! ,-! "91):5+5%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !c(e-&+9&`KP!-5!:9!7)+1+*+.+!_:-!7-)4"1-!-9*-9,-)!-_:"7+5!,-!:9(!)-,!_:-!-51V9!(7(B(,+56!-9#"Z9,+.-5!:9! ,-1-)4"9(,+!7(_:-1-!(!1)(#V5!,-!.(!)-,%! 2U

!

$J!

! "#$%!K'%!J>?/8*2L!I/E!)/!2)3#>#6?82+#B>!)/!3M>MI200%!N/$026!)/0!*#8/I200!

D=?=D<=%9J)!.#!% 7>G-95-! -5! :9! 5"51-4(! +7-)(1"#+! -R*.:5"#+! 7()(! .(! "47.-4-91(*"89! ,-! >")-F(..5%! P(*"8! *+4+! :9! ,-)"#(,+! ,-! 4<9Z*".4-91-! -9! -_:"7+5! *+4:9-56! (:9_:-! (*1:(.4-91-! ,-)"#(! 0(! ,")-*1(4-91-! ,-! E)--\GM! N:1"."X(! 7>6! -.! B-51+)! ,-! -9):1(,+! 0! >".1)(,+! ,-! E)--\GMQ%! K.! 5-)! (5C6! .(! 1(3.(! ,-! *+47(1"3".",(,! ,-! Y(),F()-! -5! .(! 4"54(! _:-! 7()(! E)--\GM6! *+9! .+! _:-! 1"-9-! 5+7+)1-!7()(!*(5"!*:(._:"-)!-_:"7+!,-.!4-)*(,+%! G:! -#+.:*"89! Y(! 5",+! 4:0! )Z7",(! 0! ,"57+9-! ,-! 1+,(5! .(5! >:9*"+9(.",(,-5! ,-! 4<9(#+)! ,"57+9-! ,-! :9(! "91-)>(X! F-3! 4:0! (1)(*1"#(! 0! 1+1(.4-91-! >:9*"+9(.! N,-5,-! (..C! 5-! 7:-,-! (,4"9"51)()! -.! 5"51-4(! 7+)! *+47.-1+Q! 0! 4:*Y(5! >:9*"+9-5!-91)-!.(5!_:-!,-51(*(9a!OKT/!N5"51-4(!,-!)-,:9,(9*"(!(*1"#+Q6!7+)1(.! *(:1"#+6! <7-9W/P! N-51Z9,()! (3"-)1+! ,-! *+9-R"+9-5! W/P! 7()(! d)+(,F())"+)5fQ6! dc(e-&+9&.(9f6! "47.-4-91(*"89! ,-.! 7)+1+*+.+! ,-! O(.",(,! ,-! G-)#"*"+! N7-)4"1-! -51(3.-*-)! 7)"+)",(,-5! (! 5-Bb9! _:-! 1"7+! ,-! 1)Z>"*+6! 7+)! -=-47.+6! 1-.->+9C(Q! 0! -5! *+47(1"3.-!*+9!W`KP!N5"!.(5!1()=-1(5!,-!)-,!.+5!5+9Q6!(!9"#-.!,-!"91-)>(X%!! K,-4Z5! 7-)4"1-! "951(.()! 7(_:-1-5! *)-(,+5! 7+)! ,-5())+..(,+)-5! -R1-)9+5! N7-)+! ,"5-g(,+5!-57-*C>"*(4-91-!7()(!7>G-95-!0!"91-B)(,+5!1+1(.4-91-!*+9!5:!"91-)>(X! ,-!(,4"9"51)(*"89Q!*+4+!7+)!-=-47.+6!:9!5"51-4(!,-!,-1-**"89!,-!"91):5+5!(*1"#+! Nd59+)1f6!_:-!7-)4"1-!3.+_:-()!,-!4(9-)(!,"9Z4"*(!0!1-47+)(.!(_:-..+5!-_:"7+5! _:-!B-9-)-9!:9(!(.-)1(Q%! O+4+!7:91+5!-9!*+91)(6!(.!5-)!:9(!,"51)"3:*"89!4:0!=+#-9!0!(*1"#(6!-.!5"51-4(!9+! 1"-9-!:9(!3:-9(!,+*:4-91(*"89%!M-!Y-*Y+6!.(!4(0+)C(!,-!.(5!>:9*"+9(.",(,-5!9+!

!

$S!

-51Z9! ,+*:4-91(,(5! 0! Y(0! _:-! (*:,")! (! >+)+5! 0! (! 1:1+)"(.-5! ,-! :5:()"+5! (#(9X(,+5!7()(!1-9-)!:9!*+9+*"4"-91+!(47."+!,-!.(!*+9>"B:)(*"89%!

! "#$%!O'%!18/2+#B>!)/!5>2!8/$02!/>!/0!/>?,8>,!I/E!)/!4*P/>6/!

D=?=H<=%)+77"VW,11% G4++1Yc(..! [R7)-55! -5! :9(! ,"51)"3:*"89! `"9:R6! *+9! ."*-9*"(! ]P^6! *)-(,(! 7+)! .(! -47)-5(! G4++1YF(..! `"4"1-,%! [51Z! -57-*"(."X(,(! -9! >")-F(..5! 0! -5! :9! ,-)"#(,+! ,-.!7)+,:*1+!*+4-)*"(.!,-!.(!*+47(gC(%! G:5! 7:91+5! >:-)1-5! 5+9! _:-! -5! :9! 5"51-4(! 4:0! -51Z9,()! 0! -5! 4:*Y+! 4Z5! *+47.-1+! _:-! +1)(5! ,"51)"3:*"+9-5! `"9:R! 7()(! >")-F(..5! N*+4+! L/O+76! 7+)! -=-47.+Q%! [5! 1+1(.4-91-! (,4"9"51)(3.-! ,-5,-! .(! "91-)>(X! F-36! _:-! -5! 4:0! *+47.-1(%!A"-9-!5+7+)1-!,-!Y(),F()-!3(51(91-!(47."+%! [9! *:(91+! (! 5:5! 7:91+5! -9! *+91)(! -51Z9! _:-! 9+! 1"-9-! "91-)>(X! ,-! 7+)1(.! *(:1"#+! 7()(! .(! )-,! "9(.Z43)"*(6! 9"! ,"57+9-! ,-! :9! 5"51-4(! ,-! )-,:9,(9*"(! (*1"#(! N*+5(! _:-!.(!,"51)"3:*"89!*+4-)*"(.!5"!.(!1"-9-Q%!K,-4Z56!-.!Y-*Y+!,-!_:-!5-(!4(91-9",(! 7+)! :9(! -47)-5(! 7)"#(,(6! 7:-,-! 7)+#+*()! _:-! 7(5-! (! 5-)! :9! 7)+,:*1+! ,-! 5+>1F()-!7)"#(1"#+%!

!

$U!

! "#$%!Q'%!J>?/8*2L!I/E!)/!2)3#>#6?82+#B>!)/!P3,,?RI200!(A48/66!

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c"9,+F5! 2HH;! G-)#-)! 0! 5-! "91-B)(!*+9!5:5!Y-))(4"-91(5!,-!(,4"9"51)(*"89%! O+4+! 7:91+5! >:-)1-5! 1"-9-! _:-! -5! :9! 5"51-4(! 4:0! 5-9*"..+! ,-! "951(.()! 0! *+9>"B:)()6! *+9! :9(5! Y-))(4"-91(5! #"5:(.4-91-! 4:0! (1)(*1"#(5! 0! *+9! B)(9! *(91",(,!,-!(5"51-91-5!,-!*+9>"B:)(*"89%!K,-4Z56!,"57+9-!,-!:9(!B)(9!*(91",(,! ,-!,+*:4-91(*"89!(.!)-57-*1+%!!l!-.!5+7+)1-!7()(!W/P6!1(91+!d)+(,F())"+)f!*+4+! d5"1-&1+&5"1-f6! -5! 4:0! 3:-9+%! G-! "91-B)(! 7-)>-*1(4-91-! *+9! .(! 3(5-! ,-! ,(1+5! ,-! :5:()"+5!,-.!,+4"9"+!"47.-4-91(,+!*+9!c"9,+F5!G-)#-)%! O+4+!7:91+5!>.+=+56!-.!7)"9*"7(.!5+9!.+5!)-_:"5"1+5!,-!5"51-4(%![.!Y-*Y+!,-!1-9-)! _:-! -=-*:1()5-! 3(=+! c"9,+F5! 2HH;! G-)#-)6! Y(*-! _:-! 5-! 9-*-5"1-9! ,-4(5"(,+5! )-*:)5+5!7()(!-=-*:1()!58.+!-.!5"51-4(!+7-)(1"#+!N0!-.!(91"#"):5!,-!)"B+)Q!0!_:-!-.! 5"51-4(!7:-,(!-51()!(>-*1(,+!7+)!.+5!7-."B)+5!_:-!c"9,+F5!7:-,(!1-9-)!N#"):56! #:.9-)(3".",(,-56!-1*%Q%!! K,-4Z56!1(47+*+!,"57+9-!,-!1+,(5!.(5!>:9*"+9(.",(,-56!*+4+!/+)1(.!O(:1"#+!0!.(! )-,:9,(9*"(! 58.+! 5-! 7:-,-! ->-*1:()! *+9! c"9,+F5! 2HH;! [91-)7)"5-! G-)#-)6! _:-! 1+,(#C(! 1"-9-! :9+5! )-_:"5"1+5! ,-! Y(),F()-! 4(0+)-5%! `(! *+95+.(! ,-! (,4"9"51)(*"89! 9+! -5! 7+)! c-36! *+9! .+! _:-! 5-! ,-3-9! :1"."X()! 5"51-4(5! *+4+!

!

$?!

A-)4"9(.!G-)#-)!N_:-!1"-9-!:9!)-9,"4"-91+!4:0!3(=+!(!1)(#V5!,-!)-,-5!7b3."*(5! ,-!,(1+5Q!7()(!7+,-)!(,4"9"51)().+!)-4+1(4-91-%!! /+)! b.1"4+6! .(! 7+5"3".",(,! ,-! )-(."X()! :9! 3(*e:7! C91-B)+! ,-.! 5"51-4(! 7()(! )-51(:)().+!-9!*(5+!,-!9-*-5",(,6!-5!4:0!*+47.-=(%!

! "#$%!S'%!1,>6,02!)/!2)3#>#6?82+#B>!)/!JP=!P/8T/8!

D=?=K<=%&$3."3%X*.3L% `(! b.1"4(! +7*"89! -#(.:(,(! Y(! 5",+! ^3:91:! `"9:R! @%HJ6! -9! 5:! #-)5"89! G-)#-)%! ^3:91:! G-)#-)! -5! .(! #-)5"89! ,-! `"9:R! :1"."X(,(! -9! 1+,+5! .+5! 5-)#",+)-5! ,-.! ,-7()1(4-91+6!7+)!-5+!5-!Y(!7)+*-,",+!(!-5*+B-)!-51(!0!9+!+1)(%!! ^3:91:! G-)#-)! 5-! 1)(1(! ,-! :9(! ,"51)"3:*"89! ,-! `"9:R! +)"-91(,(! (! 5-)#",+)-56! -57-*"(.4-91-!,-!*+))-+!-.-*1)89"*+6!>"*Y-)+5!0!,-4Z5%!G:!"951(.(*"89!-5!5-9*"..(6! 7-)+! 7()(! 5:! :5+! *+4+! >")-F(..6! 5-! ,-3-! )-(."X()! :9(! *+9>"B:)(*"89! j(! 4(9+k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

!

$@!

! "#$%!&U'%!-/?200/!)/!"VW5#0)/8X!5>!6#6?/32!$8Y*#+,!)/!)/*#>#+#B>!)/!8/$026!)/!9E5>?5!

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

D=D<=%T*0!U,11=%Z,02U,0!%

O+9!.(!1+7+.+BC(!,->"9",(!0!-.!5+>1F()-!5-.-**"+9(,+6!5-!,-3-!)-(."X()!.(!*+47)(! ,-!:9(!4Z_:"9(!_:-!5-(!*(7(X!,-!-9B)(9()!1+,(5!.(5!#()"(3.-5!,-.!5"51-4(%! `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b4-)+!,-!(**-5+56!-5!,-*")6!,"5*+5!7()(!-_:"7+5!,-!:5:()"+5Q!5-)Z!

!

$D!

(,-*:(,+! N>)-91-! (! .+5! ,"5*+5! GOGL6! 4Z5! *()+56! _:-! 1"-9-9! :9! (.1+! )-9,"4"-91+! 7()(!:9!9b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a!! -/00!:,I/8()$/!&SHU! & /)+*-5(,+)!L91-.!n:(,&O+)-!o-+9! & 2!]301-5!,-!4-4+)"(!TK'! & 2SH!]301-5!,-!,"5*+!,:)+! & A()=-1(!,-!)-,!"91-B)(,(!\)+(,*+4!]"B(3"1!M:(.! & M+5!1()=-1(5!,-!)-,!L91-.!/)+$HHH/A!M:(.!7+)1!G-)#-)!K,(71-)! & O+9-*1+)-5!,-!W]K!0!^G\!N1-*.(,+!0!'+:5-Q!>)+91(.-5%! & `-*1+)!,-!MWM! & J!(g+5!,-!B()(91C(6!jP-R1!\:5"9-55!M(0k!

! "#$%!&&'%!"8,>?20!)/0!-/00!:,I/8()$/!&SHU!

G-! 1)(1(! ,-! :9! -_:"7+! 7+1-91-6! *+9! :9(! -R*-.-91-! *+9-*1"#",(,! NU! 7:-)1+5! (! ]"B(3"1! [1Y-)9-1Q6! *+9! :9! 7)+*-5(,+)! ,-! J! 9b*.-+5! 0! 2! ]301-5! ,-! TK'%! `(! *+9>"B:)(*"89!-5!4:0!5:7-)"+)!(!.(5!_:-!5-!Y(9!:1"."X(,+!-9!+1)(5!*+9>"B:)(*"+9-5! ,-!"9>)(-51):*1:)(5!,+*:4-91(,(5!-9!-.!>+)+%!

D=H<=%T*0!U,11=%5#9!6"7#%JP#*67#=% [.! >")-F(..! ")Z! :3"*(,+! -9! .(! 5(.(! ,-! 5-)#",+)-5! ,-.! ,-7()1(4-91+6! :9(! 5(.(! *+9! (**-5+! )-51)"9B",+! (.! 7-)5+9(.! ,-! GL[AO]! 0! *+9! 1-47-)(1:)(! *+91)+.(,(6! 4(91-9",(!(!2Sp!,:)(91-!1+,+!-.!(g+%! K*1:(.4-91-!.+5!5-)#",+)-5!5-!"951(.(9!-9!-51(91-)C(5!4-1Z."*(56!7-)+!-9!3)-#-!5-! "951(.()Z9!()4()"+5!-51Z9,()!7()(!.(!"951(.(*"89!,-!5-)#",+)-5!-9)(*e(3.-5%!K5C6! -.!5-)#",+)!5-!"951(.()Z!-9!:9+!,-!-51+5!()4()"+5%!K,-4Z56!5-!(7)+#-*Y()Z!:9+!,-! .+5!5"51-4(5!,-!(."4-91(*"89!"9"91-)):47",(!NGKLQ!7()(!.(!*+9-R"89!,-!:9(!,-!.(5! ,+5!>:-91-5!,-.!-_:"7+%! [9!*:(91+!(!.(!7+5"3".",(,!,-!"47.-4-91(*"89!,-!:9(!1-*9+.+BC(!)-,:9,(91-!*+9! 4Z5!,-!:9!>")-F(..!(*1"#+6!-.!5-B:9,+!5-!"951(.()Z6!-9!.(!4-,",(!,-!.+!7+5"3.-6!-9! .(!5(.(!,-!*+4:9"*(*"+9-56!1(43"V9!*+9!1-47-)(1:)(!*+91)+.(,(!0!:3"*(,(!-9!.(! 7.(91(!,-!(**-5+!(.!-,">"*"+%!

!

2H!

H<=%-+91!+!.",6*>.%!%*+91,.",6*>.% [.!Y-*Y+!,-!)-(."X()!:9!*(43"+!1+1(.!-9!-.!-5_:-4(!,-!,")-**"+9(4"-91+!,-!1+,(! .(! )-,! Y(*-! _:-! .(! >(5-! ,-! "47.-4-91(*"89! 9+! 5-(! 5-9*"..(%! [9! :9! -91+)9+! ,-! 7):-3(5! 5-! 7+,)Z! 5"4:.()! -.! *+47+)1(4"-91+! B-9-)(.! ,-! .+5! 5-)#"*"+5! 7-)+! Y(0! 4:*Y(5!7-*:."()",(,-5!_:-!9+!5-!7+,)Z9!#-)">"*()!Y(51(!.(!7:-51(!-9!-R7.+1(*"89! ,-!.(!"9>)(-51):*1:)(%! /()(!7+,-)!"47.-4-91()!-.!5"51-4(!,-!.(!4(9-)(!4Z5!*+47.-1(!5-!"951(.()Z!0!5-! ,"5-g()Z9! 1+,+5! .+5! *(43"+5! -9! :9! -91+)9+! ,-! 7):-3(5%! K,-4Z5! 5-! 7)+3()Z! -.! 5"51-4(!-9!-.!-91+)9+!)-(.6!-9!7-)C+,+5!,-!1"-47+!,-!7+*(!"91-95",(,!,-!1)(3(=+! Nb.1"4(5!Y+)(5!,-!.(!1(),-6!>"9-5!,-!5-4(9(!0!7-)C+,+5!#(*(*"+9(.-5Q!7)-#"+!(#"5+! ,-!*+)1-!,-!5-)#"*"+!(!.+5!:5:()"+5%!

H=;<=%S79717/P,%2!%0!2%

[.!-91+)9+!,-!7):-3(5!-5!5-9*"..+%!G-!*+9-*1()Z!.(!"91-)>(X!cKP!,-.!>")-F(..!(!.(! )-,!cKP!(*1:(.6!*+4+!5"!>:-)(!:9(!4Z_:"9(!4Z5%![.!)-51+!,-!)-,-56!5-!*+9-*1()Z9! (!:9!5F"1*Y!("5.(,+6!,+9,-!*+9!:9!7()!,-!-_:"7+5!5-!7+,)Z9!Y(*-)!7):-3(5%![51+5! -_:"7+5!5+9!,+5!7+)1Z1".-5!*+9!W'c()-!G-)#-)2?!"951(.(,+%!M"57+9-9!,-!,"#-)5(5! 4Z_:"9(5!#")1:(.-5!7()(!7+,-)!5"4:.()!:9(!-51):*1:)(!4(0+)%!!

! "#$%!&.'%!(6Z5/32!)/0!/>?,8>,!)/!?/6?!5?#0#L2),X!#>?/$82),!/>!02!#>*82/6?85+?582!/A#6?/>?/!

/()(!,">-)-9*"()!.(5!,"51"91(5!)-,-5!N`KP6!cKP6!c`KP!0!M'mQ!5-!Y(!7()1"*"7(9,+! -.! 5F"1*Y! -9! J! 5-B4-91+5! "9,-7-9,"-91-56! 4-,"(91-! W`KP%! G-! Y(! :1"."X(,+! .(! Y-))(4"-91(! O"5*+! P-1F+)e! K55"51(91! _:-! 7-)4"1-6! ,-! 4(9-)(! B)Z>"*(6! ,->"9")! W`KP5!0!(5"B9()!*(,(!7:-)1+!(!:9(!W`KP!,->"9",(%! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !W'c()-!G-)#-)!NFFF%#4F()-%*+4h7)+,:*15h5-)#-)Q!-5!:9!5+>1F()-!B)(1:"1+!_:-!7-)4"1-!.(!#")1:(."X(*"89!,-! 5"51-4(5%!K!B)(9,-5!)(5B+56!-5!:9(!-57-*"-!,-!-4:.(,+)!,-!/O!7()(!/O%!/-)4"1-6!7+)!-=-47.+6!,-91)+!,-!:9(!4Z_:"9(!*+9! c"9,+F5!o/6!"951(.()!+1)(!4Z_:"9(!*+9!+1)+!5"51-4(!+7-)(1"#+!N7+)!-=-47.+!`"9:RQ!*+47()1"-9,+!.+5!)-*:)5+5!>C5"*+5! ,"57+9"3.-5%! 2?

!

2$!

H=?<=%-.#",1,6*>.%2!1%J*0!U,11%

^9(!#-X!-51Z!"47.-4-91(,(!.(!,"#"5"89!-9!5:3)-,-5!5-!Y(!"951(.(,+!7>G-95-!-9!-.! 5-)#",+)%! /()(! -..+! 5-! Y(9! 5-B:",+! .+5! 7(5+5! ,-.! ,+*:4-91+! (9-R+! dMA%L%H$&%! L951(.(*"89!,-!7>5-95-!0!*+9>"B:)(*"89!3Z5"*(f6!_:-!5-!7:-,-!*+95:.1()!(.!>"9(.!,-! .(!,+*:4-91(*"89%! M-!4+4-91+!9+!5-!Y(!:1"."X(,+!9"9Bb9!7:-)1+!,-!d1):9ef!7()(!,()!5-)#"*"+!(!4Z5! ,-! :9(! W`KP! *+9! :9(! 5+.(! "91-)>(X6! ,(,+! _:-! -.! >")-F(..! ,"57+9-! 4Z5! ,-! .(5! 9-*-5()"(5!0!Y(*-).+!5"B9">"*()C(!)-7()1")!-.!(9*Y+!,-!3(9,(!-91)-!,+5!5:3)-,-5%! [.!)-5:4-9!,-.!,")-**"+9(4"-91+!:1"."X(,+!5-!7:-,-!#-)!-9!.(!5"B:"-91-!1(3.(a! ;+#%$<' W5[% X5[% \Q]% WX5[%

=>!?'4<' FG' G' F9' H'

@4%$664A2'%$<' GHIC:JCFGC9K8H' GI8CGMC9C9KGM' GI8CG:C9C9KGM' GN8CGM:CG9GC9K8H'

8:

B2&C''D4%$E)"" ' $L9' $LG' $L8' #6$9'

B-'D4%$E)""' GHIC:JCFGC8' GI8CGMCGCG' GI8CG:C9CG' GN8CGM:CG9GCG'

! [.!4+1"#+!,-!9+!:1"."X()!.(!"91-)>(X!,-!)-,!-4;!7()(!.(!)-,!c`KP!5-!=:51">"*(!7+)! -.! Y-*Y+! ,-! _:-! (.! 5-)! .(5! 7.(*(5! -4R! NL91-.! /T<$HHHQ! 4Z5! *+47(1"3.-5! 0! 4Z5! *+47.-1(56! 5-! ,-=(! ."3)-! 7()(! :9(! >:1:)(! 7+5"3.-! (47."(*"89%! [51+5! -5! 7+5"3.-! ,-3",+! (! _:-! .+5! 7:91+5! ,-! (**-5+! "9(.Z43)"*+5! 5+9! 4:*Y+! 4Z5! .-91+5! _:-! ]"B(3"1![1Y-)9-1%!

H=D<=%\*0!66*7.,+*!."7%^\Z('R%\[)_%

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`(!"91-)>(X!,-.!>")-F(..!(!.(!_:-!5-!*+9-*1(!.(!5:3)-,!7:-,-!*+))-57+9,-)!*+9!:9(!1()=-1(!,-!)-,!>C5"*(!+!*+9!:9(!W`KP! ,->"9",(!-9!:9(!,-!.(5!1()=-1(5!,-!)-,%![9!-51-!*(5+!1+,(5!.(5!)-,-5!5-!(5"B9(9!(!1()=-1(5!,-!)-,%!`(5!5"B.(5!-4!",-91">"*(9!.(5! 1()=-1(5!,-!)-,!L91-.!/T<$HHH!N..-#(!,+5!,:(.-56!-5!,-*")6!JQ6!4"-91)(5!_:-!.(5!3*-!",-91">"*(9!.(5!1()=-1(5!\)+(,*+46!.(5! "91-B)(,(5!-9!-.!5-)#",+)!N_:-!..-#(!$!,:(.Q%! 2@

!

22!

[.!Y-*Y+!,-!,"57+9-)!(Y+)(!,-!1(91(5!,")-**"+9-56!5-!(7)+#-*Y()Z!7()(!,"#",").(5! ,-! 4(9-)(! (,4"9"51)(1"#(6! (5C6! 1+,+5! .+5! 5-)#",+)-5! 5-! :3"*()Z9! -9! .(! )-,! $?2%$@%2%Hh$U!N,-91)+!,-!.(!)-,!M'm!1+,+5!.+5!_:-!-47"-*-9!7+)!$?2%$@%2!5-)Z9! 5-)#",+)-5Q6! 4"-91)(5! _:-! .(5! ,")-**"+9-5! $?2%$@%;%Hh$U6! 5-)Z9! 7()(! .(5! "47)-5+)(5%!! [9! *:(91+! (! .(! `KP! 1+,(5! .(5! ,")-**"+9-5! $?2%$U%2%Hh$U! 5-)Z9! )-5-)#(,(5! 7()(! -_:"7+5! _:-6! 5"9! 5-)! 5-)#",+)-56! 1"-9-9! _:-! 1-9-)! *+9-*1"#",(,! -R1-)9(%! `(! ,")-**"89! $?2%$U%;%Hh$U! -5! ,+9,-! 5-! :3"*()Z9! .+5! -_:"7+5! ,-! .+5! :5:()"+5! _:-! -51()Z9! )-B"51)(,+5! *+9! )-5-)#(! MIO/! N5"-47)-! 5-! .-5! 7)+7+)*"+9()Z! .(! 4"54(! ,")-**"89Q!4"-91)(5!_:-!.(5!,")-**"+9-5!$?2%$U%;H%Hh$U!5-)Z9!.(5!4Z_:"9(5!_:-! 9+!-51Z9!1+,(#C(!)-B"51)(,(5!N0!_:-!5-!,-3-9!"9#-91()"()Q%!! [9!*:(91+!(!.(!)-,!"9(.Z43)"*(6!.(5!,")-**"+9-5!(!7()1")!,-!.(!$D2%$U@%$H$%2JHh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a! dMPG! >+)F(),-)f%! [51-! 5"51-4(! *+95"51-! -9! "91-)7+9-)! :9! 5-)#"*"+! MPG!_:-!)-57+9,-!*+9!.(5!,")-**"+9-5!"91-)9(5!(!.(5!7-1"*"+9-5!,-!.(5!4Z_:"9(5! "91-)9(5! NM'm6! `KP! 0! c`KPQ! 0! _:-! )--9#C(! .(5! 7-1"*"+9-5! ,-! ,")-**"+9-5! -R1-)9(5! (.! 5-)#",+)! -R1-)9+! N4(91-9",+! 7+)! .(! :9"#-)5",(,Q%! K5C6! :9(! 4Z_:"9(! _:-!5-(!#"51(!,-5,-!-.!-R1-)"+)!1-9,)Z!)-57+9,-)Z!,-5,-!-.!-R1-)"+)!*+9!.(!7b3."*(! N7)-#"(!1)(,:**"89!,-.!>")-F(..Q!0!,-5,-!-.!"91-)"+)!*+9!.(!7)"#(,(!

H=H<=%[5S%4%#!0B*6*7#%B*#*$1!#%2!#2!%!1%!L"!0*70% PKA!-5!-.!(*)89"4+!,-!P-1F+)e!K,,)-55!A)(95.(1+)%![5!.(!1-*9+.+BC(!4-,"(91-!.(! *:(.! ,")-**"+9-5! ,-! )-,! 7)"#(,(5! 7:-,-9! (**-,-)! (! L91-)9-1%! [5! ,-*")6! *:(9,+! ,-5,-!:9(!4Z_:"9(!_:-!-51Z!-9!:9(!5:3)-,!7)"#(,(!5-!7",-!:9(!,")-**"89!,-!:9(! L/!7b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dL/5!#")1:(.-5f%![9!-51-!*(5+6!-.!>")-F(..!5-)Z!-.!)-*-71+)!,-!1+,(5!.(5!,")-**"+9-5!L/! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !MPG!NM+4("9!P(4-!G051-4Q!-5!.(!1-*9+.+BC(!_:-!4(91"-9-!.(!-51):*1:)(!d9+43)-!q!,")-**"89!L/f!(!1)(#V5!,-!L91-)9-1%![5! :9!5"51-4(!,"51)"3:",+!0!4(91-9",+!7+)!-.!"-1>%!/()(!4Z5!"9>+)4(*"89!-.!()1C*:.+!,-!.(!c"e"7-,"(!-5!3(51(91-!*.()">"*(,+)a! Y117ahh-5%F"e"7-,"(%+)BhF"e"hMPG! 2D

!

2;!

,-!.(!cKP!_:-!1-9B(9!(.Bb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mQ%! [9! -.! >")-F(..! 5-! Y(9! ,-! ,->"9")! 1(91(5! L/! #")1:(.-5! *+4+! 5-)#",+)-5! -R1-)9+5! 5-! _:"-)(9!7:3."*()!0!5-!,-3-!(5"B9()!:9(!)-B.(!,-!PKA%!`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dMA%L%HJ&%!O+9>"B:)(*"89!,-.!(**-5+!,-5,-!-.!-R1-)"+)f6!-9!-.! (9-R+!,-!,+*:4-91(*"89!1V*9"*(%!

H=I<=%8!/1,#%2!%J*1"0,27%

]-9-)(.4-91-! 1+,+5! .+5! >")-F(..5! -9*(4"9(96! -9! >:9*"89! ,-! 5:5! ):1(56! 1+,+5! .+5! 7(_:-1-5!_:-!-91)(9!-9!5:!"91-)"+)%!K5C6!-.!>".1)(,+!5-!)-(."X(!(91-5!,-!-91)()!-9!-.! >")-F(..!N*+4+!:9!7:-)1(!5-.-*1"#(6!5-Bb9!-51V9!*+9>"B:)(,(5!.(5!)-B.(5Q%!K5C6!.(5! )-B.(5! 5-! -51(3.-*-9! 7+)! "91-)>(X6! -5! ,-*")6! *(,(! "91-)>(X! N`KP6! cKP6! c`KP! 0! M'mQ!1-9,)Z!(5"B9(,(5!:9(5!)-B.(5!_:-!*+91)+.()Z9!-.!1)Z>"*+!-91)(91-!(.!>")-F(..! 0!7+)!1(91+6!5:!*+9-*1"#",(,%! `(5!)-B.(5!5+9!:9(!5-)"-!,-!(**"+9-56!(5"B9(,(5!(!:9(5!*+9,"*"+9-5!,-1-)4"9(,(5%! `(5!(**"+9-5!5+9!;a! • • •

(*-71()! N7(55Qa! -.! 7(_:-1-! *:47.-! .(5! *+9,"*"+9-56! (5C! _:-! 5-! (*-71(! 0! -.! >")-F(..!.+!-9):1(!Y(*"(!5:!,-51"9+%! 3.+_:-()!N3.+*eQa!-.!7(_:-1-!5-!,-5Y-*Y(6!5"9!)-(."X()!9"9B:9(!(**"89%! )-*Y(X()! N)-=-*1Qa! -.! 7(_:-1-! 5-! ,-5Y-*Y(6! 7-)+! 5-! .-! -9#C(! (.! -4"5+)! :9! 7(_:-1-!*+4:9"*(9,+!_:-!5:!7-1"*"89!Y(!5",+!)-*Y(X(,(%!

]-9-)(.4-91-! 5"! 9+! 5-! ,-5-(! 7-)4"1")! :9! 1)Z>"*+6! 5-! 3.+_:-(9! .+5! 7(_:-1-56! 5"9! ,()!4Z5!-R7."*(*"89!(.!-4"5+)%![9!*:(91+!(!.(5!*+9,"*"+9-5!_:-!5-!(7."*(9!(!:9(! )-B.(6!5+9!4:*Y(5!0!,-7-9,-9!,-.!>")-F(..!:1"."X(,+%!! [9!.(!>"B:)(!$;!5-!7:-,-!#-)!:9(!*(71:)(!,-!7(91(..(!,-!.(5!+7*"+9-5!,-!*)-(*"89! ,-!:9(!)-B.(!-9!7>G-95-a!

!

2J!

! "#$%!&C'%!:2>?2002!)/!+8/2+#B>!)/!8/$026!)/!*#0?82),!/>!4*P/>6/!

!

2S!

`+5!*(47+5!,-!.(!7ZB"9(!,-!*+9>"B:)(*"89!,-!)-B.(5!5+9!.+5!5"B:"-91-5a! • • •

•

• •

•

• • • • • •

L91-)>(Xa!L91-)>(X!,-!)-,!5+3)-!.(!_:-!5-!(7."*()Z!.(!)-B.(%! /)+1+*+.+a! /)+1+*+.+! 5+3)-! -.! _:-! 5-! #-)">"*()Z9! .(5! *+9,"*"+9-5%! [.! 4Z5! 1C7"*+!5:-.-!5-)!AO/!+!^M/6!(:9_:-!(7()-*-9!+1)+5!*+4+!LO'/6!L]'/6!-1*%! <)"B-9a!O+9,"*"89!,-!+)"B-9!,-.!*(47+!,-!,")-**"+9-5!,-.!7)+1+*+.+%![51+! 5-! 7:-,-! (7."*()! 5+3)-! :9(! ,")-**"89! L/6! 5+3)-! :9(! 5:3)-,6! +! 5+3)-! :9! (."(5! ,->"9",+! (91-)"+)4-91-! N_:-! 7:-,-9! 5-)! ,")-**"+9-5! "9,"#",:(.-5! +! B):7+5!,-!,")-**"+9-5Q! /:-)1+! ,-! +)"B-9a! *+))-57+9,-! *+9! -.! 7:-)1+! +)"B-9! _:-! B-9-)(! .(! 1)(954"5"89%!G+.+!-5!(7."*(3.-!(.!7)+1+*+.+!AO/hL/!0!5")#-!7()(!,">-)-9*"()! -.! 1"7+! ,-! 1)Z>"*+6! (:9_:-! B-9-)(.4-91-! -.! 7:-)1+! +)"B-9! 9+! -5! 5"B9">"*(1"#+%!G-!7:-,-!(7."*()!5+3)-!7:-)1+5!"9,"#",:(.-56!)(9B+56!+!(."(5! N_:-!7:-,-9!(B):7()!#()"+5!7:-)1+5Q%! M-51"9+a!LB:(.!_:-!+)"B-9!7-)+!*+9!,")-**"+9-5!,-!,-51"9+%! /:-)1+! ,-! ,-51"9+a! .+5! 7:-)1+5! ,-! ,-51"9+! ,->"9-9! -.! 1"7+! ,-! 1)Z>"*+! N7+)! -=-47.+6! AO/! 7:-)1+! @H! 5:-.-! 5-)! 1)Z>"*+! F-3Q! *+9! .+! _:-! -5! ",-(.! 7()(! >".1)()!1"7+5!,-!1)Z>"*+%!O)-()!(."(5!*+9!B):7+5!,-!7:-)1+5!_:-!",-91">"_:-9! 5-)#"*"+5!-5!4:0!*+4b9!0!4:0!b1".!N7+)!-=-47.+6!1)Z>"*+!F-36!_:-!-9B.+3(! Y1176!7:-)1+!@H!0!Y11726!7:-)1+!JJSQ%! <7*"89!,-!)-B"51)()!-#-91+a!-9!-.!*(5+!,-!_:-!5-!*:47.(!.(!)-B.(!5-!B-9-)(! :9(!-91)(,(!-9!-.!)-B"51)+!,-!-#-91+5!,-.!5"51-4(!N.+BQ!*+9!.+5!,(1+5!,-.! 7(_:-1-!0!.(!(**"89!)-(."X(,(%! <7*"+9-5! (#(9X(,(56! _:-! 5-! :1"."X(9! 7()(! ."4"1()! -9! *(5+! ,-! 4:*Y(5! *+9-R"+9-5!0!+1)(5!+7*"+9-5%! A"7+!,-!-51(,+a!(7."*(!.(!)-B.(!-9!>:9*"89!,-!.+5!-51(,+5!,-.!7(_:-1-%!/+)! -=-47.+6! 9+! -5! .+! 4"54+! :9! 7(_:-1-! ,-! 7-1"*"89! _:-! :9+! ,-! )-57:-51(! (! :9(!7-1"*"896!-1*%! G"9*)+9"X(*"89!*+9!+1)+5!>")-F(..56!-9!*(5+!,-!)-,:9,(9*"(%! I+)()"+!5+3)-!-.!_:-!5-!(7."*(!.(!)-B.(%! /:-)1(! ,-! -9.(*-! -9! .(! _:-! 5-! ,()Z! 5(.",(! -.! 7(_:-1-6! -51+! -5! b1".! 5"! 5-! _:"-)-!:1"."X()!7>G-95-!5+.+!*+4+!)+:1-)6!5"9!>".1)(,+%! M-5*)"7*"89!,-!.(!)-B.(a!1-R1+!",-91">"*(1"#+%!

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

!

2U!

! "#$%!&F'%![#6?2),!)/!8/$026!)/!5>2!#>?/8*2L!)/!4*P/>6/!

!

!

2?!

M-! .(! "4(B-9! 5-! 7:-,-! ,-51(*()! -.! Y-*Y+! ,-! _:-! 5-! :5(9! 4:*Y+! .+5! (."(56! -57-*"(.4-91-!7()(!.+5!7:-)1+5%![9!(,4"9"51)(*"89!,-!5"51-4(56!1(91+!(!9"#-.!,-! 5-)#"*"+5! ,-! >"*Y-)+56! *+4+! *Z.*:.+6! -1*%! -5! 4:0! b1".! 1)(3(=()! *+9! B):7+5%! M-! 4(9-)(!_:-!5-!(5"B9(9!.+5!7-)4"5+5!7+)!B):7+5!0!3(51(!*+9!(g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cKP! _:-! ,-9"-B(! -.! (**-5+!(!1+,+5!.+5!4"-43)+5!,-!:9!B):7+!N(."(5Q!..(4(,+!j3(9-(,+5k%!G-!1)(1(!,-! -."4"9()!-.!(**-5+!(!1+,+5!.+5!-_:"7+5!,-5,-!.+5!_:-!5-!Y(!)-*"3",+!(.Bb9!1"7+!,-! (1(_:-! ,-1-*1(,+! 7+)! (.Bb9! -_:"7+! ,-! .(! )-,! N7+)! -=-47.+6! -.! 7)+B)(4(! dM-90Y+515f6! ,-1-*1(! .+5! (1(_:-5! ,-! G-*:)-! GY-..! 3(5(,+5! -9! ,"**"+9()"+! 0! -9#C(! :9(! (.-)1(Q%! G-! "91)+,:*-9! 4(9:(.4-91-! -9! -51-! B):7+! 0! 7-)"8,"*(4-91-! 5-! 3+))(9%!

H=K<=%'70",1%(,3"*B7%

[9!-51-!7:91+6!-.!>")-F(..!-51Z!*+9>"B:)(,+!0!,-3"-)(!5-)!7.-9(4-91-!+7-)(1"#+%![.! 5"B:"-91-!7(5+!-5!*+9>"B:)()!-.!/+)1(.!O(:1"#+!NO(71"#-!/+)1(.!-9!1-)4"9+.+BC(!,-! 7>G-95-Q!-9!.(!)-,!"9(.Z43)"*(6!,-!4(9-)(!_:-!5-!7:-,(!)-B:.()!-.!(**-5+%! I(51(! (Y+)(6! -.! (**-5+! (! .(! )-,! "9(.Z43)"*(! 5-! *+91)+.(3(! 4-,"(91-! :9(! *.(#-! *+9>"B:)(,(! -9! .+5! 7:91+5! ,-! (**-5+! *+4+! -9*)"71(*"89! c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c"9,+F5!2HH;!G-)#-)!0!K*1"#-!M")-*1+)0%!/>G-95-!7-)4"1-!#(.",(*"89!,-!:5:()"+5! ,-.! 7+)1(.! *(:1"#+! *+9! :9(! 3(5-! ,-! ,(1+5! .+*(.! N"47.-4-91(,(! -9! -.! 7)+7"+! >")-F(..6!5+.:*"89!7+*+!)-*+4-9,(3.-Q!+!(!1)(#V5!,-!:9!5-)#"*"+!TKML^G6!5"51-4(! ,-!#(.",(*"89!,-!(7."*(*"+9-5!,-!L91-)9-1%!K5C!7:-56!5-!Y(!1-9",+!_:-!*+9>"B:)()!-.! 5"51-4(!c"9,+F5!,-.!,-7()1(4-91+!7()(!_:-!(*-71-!7-1"*"+9-5!TKML^G6!5-Bb9!-.!

!

2@!

,+*:4-91+!1V*9"*+!dMA%L%HS&%!O+9>"B:)(*"89!,-.!5"51-4(!,-!/+)1(.!O(:1"#+!7()(!.(! )-,!"9(.Z43)"*(f!_:-!5-!7:-,-!*+95:.1()!-9!-.!(9-R+%! ^9(! #-X! *+9>"B:)(,+! -51+6! .(5! +7*"+9-5! ,-! /+)1(.! O(:1"#+! 5+9! 5-9*"..(56! 5"47.-4-91-!Y(0!_:-!*+9>"B:)()!:9!1"-47+!4ZR"4+!,-!(**-5+6!5"!5-!,-5-(!0!:9! 1"-47+!,-!,-5*+9-R"89!,-5,-!.(!b.1"4(!(*1"#",(,%!K,-4Z56!5-!7:-,-!*+9>"B:)()!.(! 7ZB"9(! _:-! 5-! 7)-5-91()Z! 7()(! .(! #(.",(*"89%! G-! Y(! *)-(,+! :9(! 7ZB"9(! 5-9*"..(6! _:-!5"47.-4-91-!-R7."*(!.(5!*)-,-9*"(.-5!(!:1"."X()!0!.(5!5+."*"1(%! [9!.(!>"B:)(!$S!5-!7:-,-!#-)!.(!7ZB"9(!,-!(**-5+!_:-!5+."*"1(!-.!5"51-4(a!

! "#$%!&H'%!:Y$#>2!)/!2++/6,!2!02!8/)!#>20Y3E8#+2!

K,-4Z56! .(! "47.-4-91(*"89! ,-! 7>G-95-! ,-.! 7+)1(.! *(:1"#+! )-B"51)(! 1+,+5! .+5! (**-5+5! N1(91+! *+))-*1+5! *+4+! "9*+))-*1+5Q! -9! -.! 5"51-4(6! *+9! .+! _:-! 5-! 7:-,-! 4(91-9-)!:9!)-B"51)+!,-!,")-**"+9-5!L/!7+)!:5:()"+!0!,C(%!O+9!-..+!5-!*:47.-!*+9! -.!+3=-1"#+!,-!1-9-)!.(5!*+9-R"+9-5!",-91">"*(,(5%! O+9!.(!"47.-4-91(*"89!,-.!O(71"#-!/+)1(.!0!-9!-.!*(5+!,-!_:-!(.!7+9-)!-.!5"51-4(! -9!-R7.+1(*"89!9+!Y(0(!9"9Bb9!7)+3.-4(6!.+5!+3=-1"#+5!7)"9*"7(.-5!,-!,-5())+..+! ,-!.(!"9>)(-51):*1:)(!-51Z9!*:47.",+5%!

H=C<=%566!#7%0!+7"7%,%"0,BM#%2!%0!2%90*B,2,%B*0"3,1%^`'[_%

7EG-95-! 7-)4"1-! "47.-4-91()! (**-5+5! )-4+1+5! 5-B:)+5! (! 1)(#V5! ,-! W/P6! 1(91+! -9! 4+,+! d5"1-&1+&5"1-f! NB-9-)(.4-91-! (! 1)(#V5! ,-! 1-*9+.+BC(! L/G-*Q6! *+4+! 7()(! (**-5+5! "9,"#",:(.-5a! d)+(,F())"+)5f! NB-9-)(.4-91-! (! 1)(#V5! ,-! 1-*9+.+BC(! W/P6! -9! *(5+! ,-! 5+>1F()-! ."3)-Q%! [9! -51-! *(5+! -5! "91-)-5(91-! ,"57+9-)! ,-! :9! (**-5+! 5-B:)+!7()(!(**-,-)!)-4+1(4-91-!4-,"(91-!<7-9W/P%!

!

2D!

]-9-)(.4-91-! <7-9W/P! >:9*"+9(! ,-! 4(9-)(! _:-6! -9! -.! 5-)#",+)6! 5-! (5+*"(9! .(5! *+9-R"+9-5!)-4+1(5!*+4+!5"!>:-)(!+1)(!"91-)>(X!,-!)-,6!*+9!.+!_:-!5-!1)(1(!,-!.(! 4"54(!4(9-)(!_:-!.(5!+1)(56!(!1)(#V5!,-!)-B.(5%!! `(4-91(3.-4-91-6! .(! b.1"4(! #-)5"89! ,-! 7>G-95-! N$%2&T-.-(5-Q! 9+! 1"-9-! :9(! "47.-4-91(*"89! *+47.-1(! ,-! <7-9W/P! 0! 58.+! 7-)4"1-! -.! (**-5+! )-4+1+! (! 5:3)-,-5!*+47.-1(5%![.!+3=-1"#+!-5!_:-!5-!7:-,(!(**-,-)!(!.+5!5-)#"*"+5!-9!.(!M'm! ,-!.(!4"54(!4(9-)(!_:-!.(!`KP!+!.(!c`KP!(**-,-96!7-)+!9+!5-!7:-,-!Y(*-)%!+)+!,-!*+4:9"*(*"89!,-!.+5!,-5())+..(,+)-5!,-!7>G-95-!.(!#-)5"89!$%;6! 7)-#"51(!7()(!-51-!4"54+!(g+!2HH@!1-9,)Z!:9(!"47.-4-91(*"89!*+47.-1(%! K5C!7:-56!Y(51(!_:-!Y(0(!:9(!-#+.:*"89!-9!<7-9W/P6!58.+!5-!"47.-4-91()Z!*+9! >"9-5! ,-! (,4"9"51)(*"896! 7()(! -.! 7-)5+9(.! ,-! GL[AO]%! [.! ,+*:4-91+! 1V*9"*+! dMA%L%HU&%!O+9>"B:)(*"89!,-!W/P!7()(!(**-5+5!)-4+1+5f!-R7."*(!-.!7)+*-,"4"-91+! ,-!*+9>"B:)(*"89!0!B-51"89!1(91+!,-.!5-)#",+)!*+4+!,-!.+5!*."-91-5!7()(!(**-,-)! 7+)!W/P%!

H=a<=%)*#"!+,%2!%2!"!66*>.%2!%*."03#7#%

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b9! ,-1-*1+)! ,-! "91):5+56! (:9_:-! 7-)4"1-! "951(.()! 59+)1!*+4+!:9!7(_:-1-!(,"*"+9(.!,-!4(9-)(!(:1+4Z1"*(!,-5,-!.(!7)+7"(!"91-)>(X! F-36!*+4+!5-!7:-,-!#-)!-9!.(!>"B:)(!$U%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !GP:9*"+9(4"-91+%! ;H

!

;H!

! "#$%!&K'%!J>6?202+#B>!)/!42Z5/?/6!/>!4*P/>6/%!P>,8?!

^9(! #-X! "951(.(,+! G9+)16! -9! .(! *+9>"B:)(*"89! 5-! ,-3-! "9*.:")! :9! *8,"B+! 7()(! ,-5*()B()!.(5!)-B.(5!_:-!5-!7:-,-!+31-9-)!,-!FFF%59+)1%+)B%!! `(! "47.-4-91(*"89! ,-! G9+)1! _:-! ..-#(! 7>G-95-6! (,-4Z56! 7-)4"1-! *+9>"B:)().+! *+4+! LMG! (*1"#+6! -5! ,-*")6! 3.+_:-()! (:1+4Z1"*(4-91-! 1+,(5! .+5! -_:"7+5! _:-! B-9-)-9!:9(!(.-)1(6!7+)!:9!-57(*"+!,-!1"-47+!N7+)!,->-*1+6!$!Y+)(Q%![9!-51-!*(5+6! 9+!5-!Y(!Y(3"."1(,+6!0(!_:-!.+5!>(.5+5!7+5"1"#+5!3.+_:-(9!4:*Y(5!*+4:9"*(*"+9-5! .-BC1"4(5!_:-!9+!"9*:))-9!-9!9"9Bb9!7-."B)+%!

H=G<=%Q7.*"70*b,6*>.%2!1%#*#"!+,=%8!/*#"07%2!%2,"7#%

I(51(!-51-!7:91+6!-.!5"51-4(!-5!7.-9(4-91-!+7-)(1"#+%!G-!,-3-!,"5-g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`"9:R! 0! ^PLo%! [.! ,-7()1(4-91+! ,"57+9-! ,-! :9! 5-)#",+)! ,-! 4+9"1+)"X(*"89! ,-! 5"51-4(56! *+9! 5-)#"*"+! G05.+B;$! N4-,"(91-! 505.+B&9B6! :9(! Y-))(4"-91(! ,-! `"9:RQ6! ,+9,-! 5-! -9#"()Z9!.+5!.+B5!,-.!>")-F(..%!! G-!Y(!*+9>"B:)(,+!-.!5-)#",+)!,-!4+9"1+)"X(*"89!,-!4(9-)(!_:-!)-B"51)-!.+5!.+B5! -9!>"*Y-)+5!+),-9(,+5!7+)!(g+6!4-5!0!,"(6!5"B:"-9,+!.(!*+9>"B:)(*"89!,-5*)"1(!-9! -.! ,+*:4-91+!1V*9"*+!dMA%L%H@&%!'+9"1+)"X(*"89!,-!.(!"9>)(-51):*1:)(f%![9*+91)()! "9>+)4(*"89!-9!.+5!>"*Y-)+5!,-!.+B!-5!5-9*"..+!:1"."X(9,+!+7-)(,+)-5!,-!>"*Y-)+5! 7)+7"+5!,-!`"9:Rh^9"R!N*(16!B)-76!4+)-6!-1*%Q%! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![9!.(!5"B:"-91-!-91)(,(!,-!.(!c"e"7-,"(!Y(0!"9>+)4(*"89!(*-)*(!,-.!>:9*"+9(4"-91+!,-!505.+Ba! Y117ahh-5%F"e"7-,"(%+)BhF"e"hG05.+B! ;$

!

;$!

[9!*:(91+!(!.(!4+9"1+)"X(*"89!,-.!>")-F(..!9+!-R"51-!9"9Bb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b9! 7)+3.-4(! B)(#-! -9! -.! -_:"7+!0!B-9-)(!.(5!(.-)1(5!-9!*(5+!,-!"91-)):7*"89!,-.!5"51-4(%![9!.(!5"B:"-91-! "4(B-9!$?!5-!7:-,-!#-)!.(!-91)(,(!-9!-.!4+9"1+)!,-!P(B"+5!,-.![AO]%!

! "#$%!&O'%!:2>?2002!)/!7=\JMP!)/!(;1\X!3,>#?,8#L2>),!/0!*#8/I200!4*P/>6/!

K,-4Z56! ,-5,-! .(! 7)+7"(! *+95+.(! ,-! (,4"9"51)(*"89! F-3! ,-! 7>G-95-! 5-! 7:-,-9! B-9-)()!B)Z>"*+5!)-.(1"#+5!(.!Y(),F()-!,-.!-_:"7+!0!(.!1)Z>"*+!7)+*-5(,+%!K,-4Z56! B-9-)(!Y"518)"*+5!7+)!,C(6!5-4(9(6!4-5!0!(g+%! [9!.(!>"B:)(!$@!5-!7:-,-!#-)!:9!B)Z>"*+!,-.!:5+!,-!7)+*-5(,+)!-9!J!Y+)(5%!O(3-! ,-51(*()! -.! (:4-91+! ,-! :5+! -9! .(5! ,+5! b.1"4(5! Y+)(56! ,-3",+! (! :9(! ,-5*()B(! 4(5"#(!,-!>"*Y-)+5!,-5,-!:9!5-)#",+)!)-4+1+%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !P(B"+5!NFFF%9(B"+5%+)BQ!-5!:9!5+>1F()-!4:0!-R1-9,",+!,-!4+9"1+)"X(*"89!,-!5"51-4(5!_:-!7-)4"1-!4+9"1+)"X()! 7()Z4-1)+5!)-.(1"#+5!(!*()B(!,-!-_:"7+6!5"51-4(5!,-!>"*Y-)+56!9b4-)+!,-!:5:()"+56!"9*.:5+!7()Z4-1)+5!>C5"*+5!*+4+! 1-47-)(1:)(!,-!.(!O/^!+!#-.+*",(,!,-!.+5!#-91".(,+)-5!,-!:9!5"51-4(%![9!c"e"7-,"(!-R"51-!:9(!-91)(,(!4:0!*+47.-1(!(.! )-57-*1+a!Y117ahh-5%F"e"7-,"(%+)BhF"e"hP(B"+5! ;2

!

;2!

! "#$%!&Q'%!\8Y*#+2!8/02?#T2!20!56,!)/0!48,+/62),8!)/0!6#6?/32!

l! -9! .(5! >"B:)(5! $D! 0! 2H! 5-! Y(! *(71:)(,+! -.! 1)Z>"*+! 5(."-91-! ,-.! >")-F(..! -9! .(5! b.1"4(5! J! Y+)(5! 0! -9! -.! b.1"4+! 4-56! ,-5,-! .(! b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

! "#$%!&S'%!-/?200/!)/0!?8Y*#+,!/>?82>?/!@!620#/>?/!/>!026!F!]0?#326!R,826!

!

;;!

! "#$%!.U'%!-/?200/!)/0!?8Y*#+,!/>?82>?/!@!620#/>?/!/>!/0!]0?#3,!3/6!

K,-4Z56!.(!1+7+.+BC(!0!.+5!-_:"7+5!:1"."X(,+5!1(43"V9!7-)4"1-9!:9!(9Z."5"5!4Z5! -RY(:51"#+! ,-! .(! "9>)(-51):*1:)(! (9(."X(9,+! 1+,+! -.! 1)Z>"*+! ,-.! ,-7()1(4-91+%! /()(! -..+6! 9+! 5-! :1"."X()Z! -.! >")-F(..6! 5"9+! _:-! 5-! :5()Z! :9(! 1-*9+.+BC(! ,-! O"5*+6! _:-!7-)4"1-!)-,")-**"+9()!1+,+!-.!1)Z>"*+!,-!:9!7:-)1+!+!:9(!W`KP!(!+1)+!7:-)1+! ,-!:9!5F"1*Y%!K!-5-!7:-)1+6!5-!*+9-*1()Z!:9!5-)#",+)!N-9!-51-!*(5+6!-.!5-)#",+)!,-! 4+9"1+)"X(*"896!-.!_:-!,(!-.!5+7+)1-!,-!1+,+!-.!5"51-4(6!*+9!P(B"+5!0!G05.+BQ!_:-! (9(."X()Z!1+,+!-.!1)Z>"*+!0!)-B"51)()Z!-51(,C51"*(5!-9!:9(!\(5-!,-!M(1+5%!! [.!5+>1F()-!:1"."X(,+!-5!d91+7f;;%![51-!5+>1F()-!-51Z!*+4+!:9!7(_:-1-!,-!7>G-95-! N"951(.(3.-! >Z*".4-91-! ,-5,-! .(! *+95+.(! F-3Q! 7-)+! 5-! Y(! "47.-4-91(,+! -9! :9! 5"51-4(! -R1-)"+)6! ,(,+! -.! B)(9! *+95:4+! ,-! )-*:)5+5! _:-! 1"-9-! N(.! 1)(3(=()! *+9! 1+,+!-.!1)Z>"*+!,-!:9(!)-,!4:0!B)(9,-Q%!! [.!5"51-4(!7-)4"1-!+31-9-)!B)Z>"*+5!-!"9>+)4-5!Y"518)"*+56!1(91+!B-9-)(.-56!*+4+! ,-!,")-**"+9-5!L/!,-1-)4"9(,(5!0!5+3)-!,">-)-91-5!7)+1+*+.+5!N9+!58.+!AO/hL/Q%! K,-4Z56!1(43"V9!1"-9-!7-_:-g(5!(7."*(*"+9-5!3(51(91-!b1".-56!*+4+!:9!(5"51-91-! _:-!7-)4"1-!#-)!.(!b.1"4(!#-X!_:-!:9!Y+51!5-!*+9-*18!(!.(!)-,%! K! *+91"9:(*"896! -9! .(5! >"B:)(5! 2$6! 22! 0! 2;6! 5-! 4:-51)(9! (.B:9(5! *(71:)(5! ,-! B)Z>"*(5!B-9-)(,(5!0!,-!.(!"91-)>(X!,-!:5+!,-!d91+7f%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !P1+7!NY117ahhFFF%91+7%+)BhQ!-5!:9!5+>1F()-!4:0!:1"."X(,+!7()(!+31-9-)!-51(,C51"*(5!,-!)-,%!G-!1)(1(!,-!:9!(9(."X(,+)! ,-!1)Z>"*+6!_:-!,"57+9-!,-!:9(!*+95+.(!F-3!4:0!*+47.-1(!,-5,-!,+9,-!5-!7:-,-!+31-9-)!B)Z>"*+56!"9>+)4-56!-1*%!0!,-5,-! ,+9,-!5-!7:-,-!*+9>"B:)()!,-!4(9-)(!5-9*"..(!1+,+!-.!-91+)9+%! ;;

!

;J!

!!!!!!!!!!!!

! "#$%!.&'%!-#6?8#E5+#B>!)/!48,?,+,0,6!)/0!?8Y*#+,!)/0!)/428?23/>?,!

! "#$%!..'%!-#6?8#E5+#B>!)/0!?8Y*#+,!6/$]>!65!)#8/++#B>!20!2?82T/628!/0!*#8/I200!^8/3,?/!'_!I2>X!0,+20!'_! 02>X!I02>X!)3LX!6/+8`!

! "#$%!.C'%!J>?/8*2L!)/!$/6?#B>!)/!>?,4!

H=;N<=%'3!#",%!.%+,06V,%2!1%#*#"!+,%!.%*+91!+!.",6*>.%0!,1=%8!#31",27#%

^9(!#-X!5-!Y(!"47.-4-91(,+!-9!-.!-91+)9+!,-!7):-3(5!1+,(5!.(5!>:9*"+9(.",(,-56! 5-!,-3-!7)+3()!-.!5"51-4(!-9!-.!-91+)9+!)-(.6!-9!4+4-91+5!,-!3(=(!"91-95",(,!,-! 1)(3(=+%!G-!Y(9!-5*+B",+!>"9-5!,-!5-4(9(%!

!

;S!

[.! 7)+*-,"4"-91+! ,-! 7:-51(! -9! 4()*Y(6! (! 4+,+! ,-! 1-51! 0! ,-! >+)4(! 1+1(.4-91-! )-#-)5"3.-6!-5!-.!5"B:"-91-a! •

• •

T-(."X()! .+5! *(43"+5! 7)-#"(4-91-! "9#-91()"(,+56! -9! .+5! -_:"7+5! ,-! *+4:9"*(*"+9-5! N,"#"5"89! -9! W`KP! 0! (5"B9(*"89! ,-! .+5! 7:-)1+5! -9! *(,(! X+9(Q%!/()(!-..+6!5-!Y(!,-=(,+!.(!W`KP!7+)!,->-*1+!N.(!$Q!-9!.(!`KP!0!5-!Y(! (5"B9(,+!:9(!9:-#(!7()(!c`KP!0!7()(!5-)#",+)-5!NM'mQ%![51+5!*(43"+5! 5-!Y(*-9!-9!.+5!d5F"1*Y-5f!0!5-!(7."*(9!,")-*1(4-91-6!7-)+!9+!5-!B:(),(9! 7+)!,->-*1+%!K5C6!)-"9"*"(9,+!.+5!d5F"1*Y-5f!5-!#:-.#-!(!.(!5"1:(*"89!"9"*"(.%! K7(B()!0!,-5*+9-*1()!-.!>")-F(..!(91"B:+! O+9-*1()!0!-9*-9,-)!-.!>")-F(..!9:-#+!

K7()-91-4-91-! ,-57:V5! ,-! .(! 7:-51(! -9! 4()*Y(! "9"*"(.! 1+,+5! .+5! 5"51-4(5! *-91)(.-5! >:9*"+9(9! *+))-*1(4-91-%! [R"51-! *+9-*1"#",(,! *+9! .(! M'm! NZ)-(! ,-! 5-)#",+)-5Q!1(91+!,-5,-!.(!`KP!*+4+!,-5,-!.(!c`KP%!M-5,-!-.!-R1-)"+)6!5-!1"-9-! (**-5+! (! 1+,+5! .+5! 5-)#"*"+5! *+9! 9+)4(.",(,6! 7-5-! (! Y(3-)! *(43"(,+! 1+,(5! .(5! ,")-**"+9-56! :5(9,+! .(5! L/! W")1:(.-5! *+4+! 5-! Y(! ,-5*)"1+! (91-5! -9! -51-! 4"54+! ,+*:4-91+%! r9"*(4-91-! Y(! (7()-*",+! :9! 7)+3.-4(! _:-! )-_:"-)-! *"-)1(! "91-)#-9*"89%! M-5,-! K,4"9"51)(*"89! ,-.! ,-7()1(4-91+! 5-! (**-,C(! (! :9! 5"51-4(! [T/! ,+9,-! 5-! B-51"+9(9! 1+,+5! .+5! 1-4(5! -*+984"*+5! 0! ,-! >(*1:)(*"89! ,-! .(! :9"#-)5",(,6! "47.-4-91(,+!-9!GK/hT;%!! K!-51-!5"51-4(!5-!(**-,-!(!1)(#V5!,-!:9(!*+9-R"89!W/P!)-(."X(,(!*+9!:9!5+>1F()-! 7)+7"-1()"+! NOY-*e/+"91! G-*:)-T-4+1-Q%! K.! -51(3.-*-)5-! .(! *+9-R"89! 7:91+! (! 7:91+6!.+5!-_:"7+5!,-.!,-7()1(4-91+!(7()-*-96!,-.(91-!,-.!5-)#",+)!,-!GK/hT;6! :9(!#-X!-51(3.-*",+!-.!1b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b9"*(! (.1-)9(1"#(! 7+5"3.-! 7.(91-(,(! >:-! .(! *)-(*"89! ,-! :9(! 9:-#(! 5:3)-,6! ,-! ,")-**"+9(4"-91+! 7b3."*+6! ,-91)+! ,-! .(! "9>)(-51):*1:)(! ,-.! ,-7()1(4-91+%! G-! *)-()C(!:9(!5:3)-,!7-_:-g(!N*+9!:9(!4Z5*()(!2SS%2SS%2SS%2J@6!.+!_:-!5:7+9-9! @! ,")-**"+9-5Q! _:-! 5-)C(! -9):1(,(! 7+)! -.! 7)+7"+! >")-F(..%! K5C6! .+5! -_:"7+5! ,-! (,4"9"51)(*"896!-9!*:(91+!-51(3.-*"-)(9!.(!W/P6!.+!Y()C(9!*+9!,")-**"89!L/!)-(.!,-! .(!^/O!0!5:!7-1"*"89!5-)C(!(*-71(,(%! `(!"47.-4-91(*"89!,-!.(!5+.:*"89!9+!-5!,-4(5"(,+!*+47.-=(%!\(51(!*+9!*)-()!:9(! 9:-#(!W`KP!-9!.(!"9>)(-51):*1:)(!,-!)-,!0!,->"9")!:9(!9:-#(!"91-)>(X!,-!)-,!-9!-.! >")-F(..%! M-! Y-*Y+6! *+4+! 58.+! 5+9! ;! -_:"7+56! 9+! Y(3)Z! 7)+3.-4(5! ,-! (9*Y+! ,-! 3(9,(6!*+9!.+!_:-!5-!7:-,-!:1"."X()!:9(!"91-)>(X!W`KP!,-.!>")-F(..!*+47()1"-9,+! "91-)>(X!>C5"*(!*+9!+1)(!)-,6!*+4+!.(!c`KP6!7+)!-=-47.+%! E"9(.4-91-! 5-! Y(! "47.-4-91(,+! -51(! +7*"896! :1"."X(9,+! .(! )-,! $J?%@;%$?J%$S2h2D%!/()(!-..+6!-9!.+5!)+:1-)5!,-!1)+9*(.!Y(9!4+,">"*(,+!.(5!):1(5! -51Z1"*(5!,-!4(9-)(!_:-!-.!)+:1-)!_:-!,(!(**-5+!(!-5(!)-,!-5!-.!>")-F(..!,-!-1*B%!

!

;U!

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

! "#$%!.F'%!(6Z5/32!*#>20!#340/3/>?2),!

H=;;<=%5.E1*#*#%2!%0!.2*+*!."7%

`(!"9>)(-51):*1:)(!"47.-4-91(,(!-5!7.-9(4-91-!>:9*"+9(.%!O:47.-!*+9!1+,+5!.+5! +3=-1"#+5! _:-! 5-! Y(3C(9! 4()*(,+6! 7-)+! -9! :9! -91+)9+! ,-! 3(=(! *()B(! ,-! 1)(3(=+%! `(5! b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`KPQ!,-!4(9-)(!,->"9"1"#(!0!5-!7:5+!-.!9:-#+!>")-F(..!-9!-R7.+1(*"89%![.!.:9-56! 1+,+! >:9*"+98! 5-Bb9! .+! 7)-#"51+6! *+9! :9! )-9,"4"-91+! 871"4+! -9! *:(91+! (! #-.+*",(,!0!(9*Y+!,-!3(9,(!N(7)+R"4(,(4-91-!.+5!4"54+5!_:-!*+9!.(!"951(.(*"89! (91-)"+)Q%! !

;?!

`(5!1(5(5!,-!(9*Y+!,-!3(9,(!,-!.(!*+9-R"89!*+9!T-,LTLG6!5+9!.(5!4"54(5!_:-!.(5! ,-.! )-51+! ,-! ^/O! N(7)+R"4(,(4-91-! 2! '3h5! 5+51-9",+56! *+9! 7"*+5! ,-! Y(51(! S! '3h5Q!-9!,-5*()B(5!,-!>"*Y-)+5%!! `(!*+9-R"89!*+9!-.!)-7+5"1+)"+!,-!5+>1F()-!,-!^/O!1"-9-!:9!)-9,"4"-91+!5:7-)"+)! (!.(!"951(.(*"89!(91-)"+)!*+9!;%S!'3h5!*+91"9:+5!,-!(9*Y+!,-!3(9,(%! [9! *:(91+! (.! 1)Z>"*+! "91-)9+6! -91)-! )-,-56! 1(43"V9! Y(! 5",+! 1+1(.4-91-! 5(1"5>(*1+)"+%! K5C!7:-56!5-!7:-,-!(>")4()!_:-!.(!"951(.(*"89!-5!871"4(!7()(!-.!,-7()1(4-91+6!-9! *:(91+!(!)-9,"4"-91+!0!>:9*"+9(.",(,-5%! E(.1(! 7+)! -51:,"()! .(! 1+.-)(9*"(! (! >(..+56! ,-! 4(9-)(! _:-! -.! 5"51-4(! 5-(! .+! 4Z5! )+3:51+!7+5"3.-%!

H=;?<=%51",%2*#97.*$*1*2,2%^(58'_%

OKT/! -5! -.! (*)89"4+! ,-! dO+44+9! K,,)-55! T-,:9,(9*0! /)+1+*+.f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b9"*+5!)-_:"5"1+5!5+9a! • •

G-!,-3-!1-9-)!:9(!"91-)>(X!-9!*(,(!)-,!_:-!5-!_:"-)(!)-,:9,()!7+)!*(,(! 4Z_:"9(6!4Z5!:9(!_:-!5-)Z!.(!_:-!*+47()1")Z9!-91)-!1+,(5%! M-3-! Y(3-)! :9(! "91-)>(X! -9! *(,(! 4Z_:"9(! ,-,"*(,(! (.! 1)Z>"*+! ,-! .+5! 4-95(=-5! ,-! 7)+1+*+.+! OKT/%! G"! 3"-9! 5-! 7:-,-! :1"."X()! :9(! ,-! .(5! -R"51-91-56!9+!-5!)-*+4-9,(3.-%!

K91-5! ,-! "47.-4-91()! OKT/! 5-! Y(! 4+91(,+! :9! -91+)9+! ,-! 7):-3(5! *+9! ,+5! -_:"7+5! (91"B:+5! *+9! 1)-5! "91-)>C*"-5! ,-! )-,! *(,(! :9+a! cKP6! `KP! 0! .(! ,-! 5"9*)+9"X(*"89! OKT/! N(! 7()1")! ,-! (Y+)(6! 5-! ,-9+4"9()Z! Gl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`KPQ%![9!-51-! >")-F(..! 5-)Z! +3."B(,+! -.! :5+! ,-! W`KP! 0(! _:-! 9+! 1"-9-! 1(91(5! "91-)>C*"-5! ,-! )-,! *+4+!-.!7)"9*"7(.%!

!

;@!

K,-4Z56!5-!Y(!*)-(,+!:9(!9:-#(!)-,6!GlPO6!7()(!:1"."X().(!*+4+!5"9*)+9"X(*"89%! G-!Y(!)-(."X(,+!4-,"(91-!:9(!W`KP!"9,-7-9,"-91-%! [9! *:(91+! (.! ,")-**"+9(4"-91+6! .(5! ,")-**"+9-5! _:-! 5-! #-9C(9! :1"."X(9,+! Y(51(! (Y+)(!7+)!-.!>")-F(..!7)"9*"7(.6!5-!:1"."X()Z9!*+4+!,")-**"+9-5!,-!OKT/!N.(5!_:-! *+47()1")Z9!(43(5!4Z_:"9(5Q! `(! "47.-4-91(*"89! 5-! )-(."X8! 5"B:"-9,+! -.! 7)+*-,"4"-91+! ,-5*)"1+! -9! -.! ,+*:4-91+!1V*9"*+!dMA%L%HD&%!K.1(!,"57+9"3".,(,f%!K..C!5-!,-1(..(!*+4+!*+9>"B:)()! -.! 5"51-4(! 0! *+4+! B-51"+9()! .+5! ,-1(..-5! _:-! OKT/! 9+! 5"9*)+9"X(! (:1+4Z1"*(4-91-%!K5C!7:-56!-.!-5_:-4(!>"9(.!,-.!>")-F(..!"47.-4-91(,+!-5!-.!_:-! 5-!7:-,-!#-)!-9!.(!>"B:)(!2S6!-9!.(!_:-!Y(0!_:-!,-51(*()!_:-!5-!4(91"-9-!.(!1+1(.! >:9*"+9(.",(,!,-!.(!"9>)(-51):*1:)(6!(,-4Z5!,-!.(!1+.-)(9*"(!(!-))+)-5!(*1"#(%!

! "#$%!.H'%!J>*82/6?85+?582!*#>20!#340/3/>?2)2!+,>!8/)5>)2>+#2!2+?#T2!

[9!.(!5"B:"-91-!1(3.(!5-!-57-*">"*(9!.(5!,")-**"+9-5!,-!)-,!-!"91-)>C*"-5!:1"."X(,(5! 7+)!*(,(!:9(!,-!.(5!4Z_:"9(5a! T-,! cKP! `KP! c`KP! M'm! G[OT! GlPO!

W`KP! S$! $! J! SH! ;H! 2H!

M")%!)-,! $J?%@;%S$%Hh2J! $?2%$U%H%Hh$U! $D2%$U@%$H$%Hh2J! $?2%$@%H%Hh$U! $J?%@;%$?J%$S2h2@! $J?%@;%UD%Hh2J!

L/!OKT/! $J?%@;%S$%2! $?2%$U%H%$! $D2%$U@%$H$%$! $?2%$@%H%$! $J?%@;%$?J%$S;! 9,!

L91!Ec$! -4H! -4$! 3*-H! -42! -4;%#.(9;H! -4;%#.(92H!

L/!Ec$! $J?%@;%S$%$HH! $?2%$U%$%$! $D2%$U@%$H$%$! $?2%$@%H%$! $J?%@;%$?J%$SJ! $D2%$U@%UD%$!

L91!Ec2! -4H! -4$! -42%#.(9J! -42%#.(9SH! -42%#.(9;H! -42%#.(92H!

L/!Ec2! $J?%@;%S$%2SH! $?2%$U%$%2! $D2%$U@%$H$%2! $?2%$@%H%2! $J?%@;%$?J%$S?! $D2%$U@%UD%2!

! K5C! 7:-56! -.! 5"51-4(! -5! 7.-9(4-91-! +7-)(1"#+! -9! :9! -5*-9()"+! ,-! (.1(! ,"57+9"3".",(,%! K,-4Z56! 5-! Y(9! :3"*(,+! .+5! ,+5! -_:"7+5! -9! 7.(91(5! ,"51"91(5! N-.!

!

;D!

,-7()1(4-91+!,"57+9-!,-!,+5!5(.(5!,-!5-)#",+)-56!:9(!-9!.(!7.(91(!3(=(6!*+9!.+5! -_:"7+5!,-!)-,!0!+1)(!-9!.(!7)"4-)(!7.(91(Q!0!-9!,+5!.C9-(5!-.V*1)"*(5!,"51"91(5%!! /+)!b.1"4+6!-.!5"51-4(!,-!3(*e:75!"91-B)(,+!,-!7>G-95-!7-)4"1-!-.!,"57+9-)!,-6! (,-4Z5! ,-! .(! )-,:9,(9*"(! (*1"#(6! :9! 5"51-4(! )Z7",+! ,-! )-*:7-)(*"89! ,-! ,-5(51)-5%!/()(!-..+6!5-!Y(9!-51(3.-*",+!:9+5!4-*(9"54+5!,-!d*)(5Y!)-*+#-)0f6!_:-! -51Z9!(,=:91+5!*+4+!(9-R+!-9!.(!,+*:4-91(*"89!1V*9"*(!,-.!7)+0-*1+!NdMA%/O%HH& %/.(9!,-!*+91"9B-9*"(Q%!

H=;D<=%8!#31",27%J*.,1%

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n:"XZ5!-.!b9"*+!7:91+!>.+=+!5-(!.(!(*1:(.!"47.-4-91(*"89!,-! W/P6!_:-!-9!>:1:)(5!#-)5"+9-5!,-!7>G-95-!5-)Z!4Z5!*+47.-1(%![9!*:(91+!(!,"5-g+! ,-! 1+7+.+BC(! 0! >:9*"+9(.",(,-5! "47.-4-91(,(56! (! ,C(! ,-! Y+06! 9+! Y(0! 9"9B:9(! 4-=+)(!_:-!5-(!(7."*(3.-!(!.(!"9>)(-51):*1:)(%!

H=;H<=%5.E1*#*#%2!%0*!#/7#%4%91,.%2!%67."*./!.6*,%

^9(!#-X!-51Z!"47.-4-91(,(!1+,(!.(!"9>)(-51):*1:)(6!5-!,-3-!Y(*-)!:9!(9Z."5"5!,-! .+5! )"-5B+5! _:-! *+47+)1(! -.! Y-*Y+! ,-! _:-! (7()-X*(9! 7)+3.-4(56! (5C! *+4+! 7.(9">"*()! .(5! 4-,",(5! (! 1+4()! 7()(! (*1:()! -9! -5-! 4+4-91+%! [.! 7)"4-)! 7(5+! (! )-(."X()! -5! ,-1-)4"9()! .+5! )"-5B+5! -9! _:-! "9*:))-! -.! 5"51-4(! 0! -#(.:()! .(! 7)+3(3".",(,!,-!_:-!+*:))(!0!-.!"47(*1+!5:>)",+%! `(! "9>)(-51):*1:)(! ,"5-g(,(! 1"-9-! :9(! *+9>"B:)(*"89! ,-! (.1(! ,"57+9"3".",(,! )-,:9,(91-6!-5!,-*")6!-51Z!3(5(,(!-9!,+5!5"51-4(5!*+9!.(!4"54(!>:9*"+9(.",(,%![9! *(5+!,-!-))+)!-9!-.!7)"4()"+6!-.!5-*:9,()"+!(5:4-!1+,(5!5:5!>:9*"+9-5!,-!4(9-)(! (:1+4Z1"*(%! G-! Y(! ,"5-g(,+! ,-! 4(9-)(! _:-! 1-9B(! :9(! (:1+9+4C(! 4ZR"4(! 0! :9! )"-5B+!4C9"4+%! [9! *:(91+! (! .+5! -57(*"+5! ! >C5"*+56! .+5! ,+5! 5"51-4(5! -51Z9! -9! 5(.(5! ,"51"91(56! *+9! *+9-R"89! (! >(5-5! -.V*1)"*(5! ,"51"91(5! N7-)+! ,-7-9,"-91-5! ,-! :9(! B-9-)(.! *+4b9! ,-! 1+,+! -.! -,">"*"+Q%! K,-4Z56! -.! 5"51-4(! 7)"9*"7(.! ,"57+9-! ,-! ,+5! >:-91-5! ,-! (."4-91(*"89! )-,:9,(91-56! :9(! ,-! -..(! *+9-*1(,(! (! :9! 5"51-4(! ,-! (."4-91(*"89! "9"91-)):47",(%! [.! )-51+! ,-! *+9-R"+9-5! -.V*1)"*(5! 5-! )-(."X(9! (! 1)(#V5! ,-! ,"57+5"1"#+5!,-!-51(3"."X(*"89!_:-!7)+1-B-9!(91-!7"*+5!0!5+3)-1-95"+9-5%! /-)+! :9! *+)1-! -.V*1)"*+! 7)+3(3.-4-91-! (>-*1()Z! 1(43"V9! (! .+5! -_:"7+5! ,-! *+4:9"*(*"+9-56! _:-! 9+! -51Z9! )-,:9,(,+56! *+9! .+! _:-! (:9_:-! (.Bb9! >")-F(..! (B:(91()(6!9+!Y(3)C(!*+9-*1"#",(,%! [9! *:(91+! (! 7+5"3.-5! (#-)C(5! Y(),F()-6! -.! 5"51-4(! 7)"9*"7(.! 1"-9-! B()(91C(! ,-! J! (g+56!*+9!"91-)#-9*"89!(.!,C(!5"B:"-91-!,-!.(!(#-)C(6!*+9!.+!_:-!-.!1"-47+!4ZR"4+!

!

JH!

_:-! ,-3-)C(! (*1:()! -.! 9+,+! 5-*:9,()"+! 5-)C(9! ,+5! ,C(5! .(3+)(3.-5%! T-57-*1+! (.! 5+>1F()-6!(.!1-9-)!:9(!-51):*1:)(!)-,:9,(91-6!5-!"951(.()Z9!.(5!(*1:(."X(*"+9-5!-9! -.! 5-B:9,+! 9+,+! 0! :9+5! ,C(5! 4Z5! 1(),-6! -9! -.! 7)"4-)+6! ,-! 4(9-)(! _:-! :9(! (*1:(."X(*"89! ,-! 5+>1F()-! "9*+))-*1(! 9+! 7:-,(! ,-=()! .(! "9>)(-51):*1:)(! >:-)(! ,-! 5-)#"*"+%! K5C6!,-=(9,+!,-!.(,+!:9!7)+3.-4(!-.V*1)"*+6!.(!b9"*(!7+5"3".",(,!,-!_:-!Y:3"-)(! :9!*+)1-!,-!5-)#"*"+!5-)C(!_:-!(43+5!>")-F(..56!7+)!4+1"#+5!,-!Y(),F()-6!,-=()(9! ,-!>:9*"+9()%!/()(!-..+6!5-!Y(!-51(3.-*",+!:9!7.(9!,-!*+91"9B-9*"(!(7)+#-*Y(9,+! :9! -_:"7+! (91"B:+! -9! -.! _:-! 5-! Y(! *+9>"B:)(,+! 7>G-95-! N*+9! :9(! 1()=-1(! *+47(1"3.-! *+9! W`KPQ6! ,+9,-! 5-! )-51(:)()Z! :9(! *+7"(! ,-! 5-B:)",(,! 0! 5-! 4(91-9,)Z! +7-)(1"#+! Y(51(! _:-! 5-! 5+.:*"+9-! -.! 7)+3.-4(! -9! .(5! 4Z_:"9(5! (>-*1(,(5%! G-!Y(!-.(3+)(,+!:9!,"(B)(4(!,-!>.:=+!_:-!-57-*">"*(!*+4+!(*1:()!-9!*(5+!,-!_:-! Y(0(! (.B:9(! "9*",-9*"(%! [5-! ,"(B)(4(! -9.(X(! *+9! J! ,+*:4-91+5! 1V*9"*+56! 5"91V1"*+56!_:-!-R7."*(9!*+4+!(*1:()!-9!*(5+!,-!"9*",-9*"(%!! [.!7.(9!,-!*+91"9B-9*"(!-51Z!,"5-g(,+!7()(!_:-!:9(!7-)5+9(!*+9!*+9+*"4"-91+5! 3Z5"*+5!,-!"9>+)4Z1"*(!0!,-!"9>)(-51):*1:)(5!7:-,(!5-B:").+%!\(51(!*+9!-91-9,-)! *+4+! >:9*"+9(9! ,">-)-9*"(.-5! -.V*1)"*+56! *+4+! *+9-*1()! *(3.-5! ,-! )-,! 0! *+4+! 4(9"7:.()!4-,"(9(4-91-!:9!+),-9(,+)!7()(!7+,-)!->-*1:()!.(5!+7-)(*"+9-5%! Kb9! (5C6! 5-! Y(9! ,-5"B9(,+! ;! 7-)5+9(5! N(,-4Z5! ,-.! 7-)5+9(.! ,-! GL[AO]Q! ,-.! ,-7()1(4-91+! _:-! 5+9! .(5! "9,"*(,(5! 7()(! )-(."X()! .(5! +7-)(*"+9-5%! K! -51(5! 7-)5+9(5!5-!.-5!Y(!-R7."*(,+!7(5+!7+)!7(5+!.(!(*1:(*"89!0!5(3-9!,+9,-!-9*+91)()! .+5!)-*:)5+5!9-*-5()"+5%! [9! *:(91+! (! .(! :3"*(*"89! ,-.! 7.(9! ,-! *+91"9B-9*"(6! _:-! #(! (*+47(g(,+! ,-! :9(! :9",(,!,-!4-4+)"(!^G\!N*+9!.(5!*+7"(5!,-!5-B:)",(,!,-!.+5!>")-F(..5Q6!-51Z!-9!-.! ()4()"+! ,-.! ,-57(*Y+! ,-! GL[AO]6! -9! :9! 5+3)-6! *+9+*",+! 7+)! -.! 7-)5+9(.! ,-5"B9(,+%! [.! +3=-1"#+! ,-! .+5! 7.(9-5! ,-! *+91"9B-9*"(! 5+9! .(! )-51(:)(*"89! +7-)(1"#(! ,-.! 5-)#"*"+! Y(51(! _:-! (.Bb9! )-57+95(3.-! ,-! .(! "9>)(-51):*1:)(! ,"(B9+51"_:-! -.! 7)+3.-4(!0!"47.-4-91-!:9(!5+.:*"89!(,-*:(,(%!

H=;I<=%\763+!.",6*>.%,970",2,%

`(!,+*:4-91(*"89!(7+)1(,(!*+9!-.!7)+0-*1+6!5-!Y(!,"#",",+!-9!2!B)(9,-5!3.+_:-5a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a!

!

J$!

•

•

•

•

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g(5! 4+,">"*(*"+9-5!,-!>:9*"+9(4"-91+%! /.(9-5! ,-! *+91"9B-9*"(! 0! dO)(5Y! T-*+#-)0f6! 5-! 1)(1(! ,-! .(! ,+*:4-91(*"89! 3)-#-!0!*+9*"5(!_:-!-R7."*(!_:V!Y(*-)!-9!*(5+!,-!:9(!7()(,(!,-.!5-)#"*"+! 7+)!*(:5(5!9+!*+91-47.(,(5%!

A+,(! -51(! ,+*:4-91(*"89! 5-! (7+)1(! -9! -51(! 4-4+)"(! 5-! B:(),()Z! -9! -.! 7)+7"+! ,-7()1(4-91+%!A(43"V9!5-!Y(!7:3."*(,+!-9!.(!"91)(9-1!7)+7"(!,-.!GL[AO]6!,+9,-! -5!(**-5"3.-!7()(!-.!7-)5+9(.!1V*9"*+!_:-!.(!7:-,(!9-*-5"1()%!

"#$%!.K'%!-/?200/!)/!02!#>?82>/?!PJ(;1\!

!

J2!

%

I<=%'1,.*J*6,6*>.%2!1%9074!6"7% [9!:9(!,-!.(5!>(5-5!"9"*"(.-5!5-!,-5())+..8!:9(!7.(9">"*(*"89!1(91+!1-47+)(.!*+4+! -*+984"*(!,-.!7)+0-*1+6!7()(!#-)!5:!#"(3".",(,%!

I=;<=%'1,.*J*6,6*>.%"!+970,1%

[9! .(5! 5"B:"-91-! 7ZB"9(! 5-! 7:-,-! #-)! :9! ,"(B)(4(! ,-! ](911! *+9! .(! 7.(9">"*(*"89! 1-47+)(.! ,-.! 7)+0-*1+%! G"! 3"-9! .(! 7.(9">"*(*"89! 5-! -53+X8! (91-5! ,-! -47-X()! *+9! .(5!*:-51"+9-5!1V*9"*(5!N,-57:V5!,-!.(5!)-:9"+9-5!*+9!.(!,")-**"89!7()(!,->"9")!.+5! +3=-1"#+5Q! 5-! Y(9! ",+! )-(."X(9,+! 4+,">"*(*"+9-5! 5-Bb9! Y(9! ",+! (7()-*"-9,+! 7-_:-g(5!"9*",-9*"(5!9+!7)-#"5"3.-5!,-5,-!:9!7)"9*"7"+%! Kb9! (5C6! 9+! Y(! Y(3",+! 9"9B:9(! "9*",-9*"(! ,-51(*(3.-! _:-! )(.-91"X()(! .(! "47.-4-91(*"89!4:*Y+!4Z5!,-!.+!7)-#"51+!N-.!1-4(!,-!.(!5:3)-,!,-!5-*)-1()C(!Y(! 5",+!.+!4Z5!*+47.-=+6!7+)!.(!"47."*(*"89!,-!(B-91-5!-R1-)9+5Q%! [9!*:(91+!(!.(!,-,"*(*"89!-9!1"-47+6!,:)(91-!.(!"47.-4-91(*"89!5-!Y(!1)(3(=(,+! U!,C(5!(!.(!5-4(9(!N,-!.:9-5!(!5Z3(,+Q6!,:)(91-!J!Y+)(5!,"()"(5!N1+,(5!.(5!1(),-5! ,-! .:9-5! (! #"-)9-5! 0! -.! 5Z3(,+! 7+)! .(! 4(g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

!

J;!

1

Inicio del Proyecto

Task Name

Start Fri 01/02/08

Thu 07/02/08

Mon 04/02/08

0 days

Duration

12 hrs

Mon 04/02/08

Fri 01/02/08

8 hrs

Mon 11/02/08

Fri 01/02/08

Investigación de tendencias actuales

8 hrs

Wed 13/02/08

4 hrs

Análisis de la evolución del departamento

8 hrs

9 days

4

Recogida de sugerencias

4 hrs

Detección de la Problemática

Análisis de la Situación

ID

2

5

Elaboración objetivos funcionales

3

6

Elaboración de objetivos no funcionales

Thu 14/02/08

Thu 14/02/08

7

4 hrs

8 days

Fri 15/02/08

Fri 22/02/08

Thu 21/02/08

Fri 15/02/08

4 hrs

16 hrs

4 hrs

6 days

Alternativas Hardware

4 hrs

Alternativas Software

Firewall

Topología de red

Diseño de la solución

8 9 10 11

Aspectos físicos

12 13

Planificación temporal

20

19

NAT

Direccionamiento

Topología de red

Instalación software

4 hrs

2 hrs

2 hrs

3 hrs

2 hrs

4 hrs

7 days

Mon 17/03/08

Sat 15/03/08

Fri 14/03/08

Thu 13/03/08

Thu 13/03/08

Wed 12/03/08

Wed 12/03/08

Tue 11/03/08

Tue 11/03/08

Mon 25/02/08

14

21

Reglas

4 hrs

Tue 26/02/08

22

Portal Cautivo

2 hrs

Tue 26/02/08

23

VPN

Mon 17/03/08

4 hrs

24

IDS

Wed 19/03/08

81,5 days

25

4 hrs

Wed 19/03/08

Compra del hardware

Implementación

15 16

26 Resultado pruebas 0 days

Wed 19/03/08

17

27 Prueba piloto funcionando 62,5 days

Implementación en entorno de pruebas

28 Implementación entorno real

Wed 19/03/08

18

29

4 hrs

4,5 days

Cambios en equipos de red

Planificación Actuación

Sat 22/03/08

Thu 20/03/08

30 31

2 hrs

12 hrs

Sat 22/03/08

Sat 22/03/08

Cambios en servidores e impresoras

15,5 days

Sun 23/03/08

Notificación y cambios en estaciones de usuarios

8 hrs

Mon 24/03/08

32

8 hrs

Puesta en explotación sin redundancia Interconexión nuevo equipo

8 hrs

33 34

Comprobación de funcionalidades

35

Análisis de estabilidad y rendimiento

36

Fri 04/04/08

Tue 25/03/08

37

4 hrs

30 hrs

Incidencias de usuarios

Mon 07/04/08

Creación de protocolo de Crash Recovery

Mon 07/04/08

38

4 hrs

39

0 days

Tue 08/04/08

Tue 08/04/08

Instalación equipo contingencia

8,5 days

Tue 15/04/08

Sistema en explotación

20 hrs

Thu 17/04/08

40

Implementación y pruebas, entorno test

4 hrs

10 hrs

41

Configuración equipo secundario

Estudio y planificación redundancia

43

Adaptación del espacio físico

42

44

Tue 22/04/08

Mon 21/04/08

Fri 18/04/08 4 hrs

Fri 18/04/08

4 hrs

2 hrs

Cambios en configuraciones

Conexión equipo secundario

Puesta en explotación del sistema de redundancia

Verificación del funcionamiento

Wed 23/04/08

3,5 days

45 46

48

Wed 23/04/08

47

49

4 hrs

Thu 24/04/08

Thu 24/04/08

0 days 30,5 days

Sun 04/05/08

Adaptación del protocolo de Crash Recovery

50 hrs

Implementación final en explotación

12 hrs

50

Redacción de la documentación técnica de implementación

Fri 23/05/08

Wed 07/05/08

51

Redacción de la documentación técnica de 'Crash Recovery'

60 hrs

Documentación técnica

53

25 days

52

54

Redacción de la documentación técnica de operación y administración Documentación de Proyecto

55 56

Fri 23/05/08

Fri 23/05/08

Documentación de la memoria del proyecto

15 days

57

50 hrs

Fri 06/06/08

10 hrs

Fri 06/06/08

Elaboración de la documentación, formato papel digital

Thu 26/06/08

Adaptación de la documentación a la intranet corporativa de SIETCG

50 hrs

Milestone

Summary

Project Summary

19/03

Page 1

07/04

External Tasks

23/04

External Milestone

Deadline

26/06

'08 04 Feb '08 11 Feb '08 18 Feb '08 25 Feb '08 03 Mar '08 10 Mar '08 17 Mar '08 24 Mar '08 31 Mar '08 07 Apr '08 14 Apr '08 21 Apr '08 28 Apr '08 05 May '08 12 May '08 19 May '08 26 May '08 02 Jun '08 09 Jun '08 16 Jun '08 23 Jun '08 3 T F S SM TWT F S S M TWT F S SM TWT F S S M TWT F S S MTWT F S S M TWT F S S MTWT F S S M TWT F S S MTW T F S S M TWT F S S M TWT F S S M TWT F S S M TWT F S SM TWT F S S M TWT F S SM TWT F S S M TWT F S S M TWT F S S M TWT F S S MTWT F S S M TWT F S S M 01/02

Progress

0 days

58

Preparación de la presentación técnica Fin de Proyecto

Task

Split

59 60 61

Project: SISAR-ETCG.Planificacion.RC Date: Mon 02/06/08

I=?<=%'1,.*J*6,6*>.%!67.>+*6,%

[.!,-5())+..+!,-.!7)+0-*1+!5-!Y(!Y-*Y+!5"B:"-9,+!:9(!7+.C1"*(!,-!:5+!,-!5+>1F()-! ."3)-6!*+47()1",(!"951"1:*"+9(.4-91-!7+)!.(!7)+7"(!:9"#-)5",(,%![51+!Y(*-!_:-!-.! *+51-!,-!.(!"47.-4-91(*"89!Y(0(!5",+!-.!*+51-!,-!.(!*+47)(!,-!.(!4Z_:"9(!4Z5!-.! *+51-!,-!.(!"47.(91(*"896!5"9!1-9-)!_:-!7(B()!."*-9*"(5!,-!5+>1F()-!9"!*+91)(1+5! ,-!4(91-9"4"-91+%! [9! *:(91+! (.! ,"4-95"+9(4"-91+! ,-! .(! 4Z_:"9(! *+47)(,(6! 5-! Y(! 7-95(,+! 7()(! 1-9-)! :9! 1"-47+! ,-! #",(! b1".! ,-! :9+5! *"9*+! (g+56! *+91(9,+! -.! (#(9*-! ,-! .(! 1-*9+.+BC(%! /+)! -..+6! 5-! Y(! *+47)(,+! *+9! J! (g+5! ,-! B()(91C(! Y(),F()-! N-.! *+51-! ,-.!_:"91+!(g+!-)(!,-57)+7+)*"+9(,(Q%!K5C6!(!1+,(!.(!"9>)(-51):*1:)(!5-!.-!7:-,-! ,()!:9!7-)C+,+!,-!(4+)1"X(*"89!,-!S!(g+5%! G+3)-! -.! *+51-! ,-! .(! "47.-4-91(*"896! :9(! #-X! -51Z! .(! "9>)(-51):*1:)(! *+47)(,(6! Y(!5",+!b9"*(4-91-!.(5!Y+)(5!,-!,-5())+..+!,-,"*(,(5!7+)!:9!"9B-9"-)+!5:7-)"+)%! [.!*+51-!,-!:9(!Y+)(!5-!Y(!Y-*Y+!-9!3(5-!(.!5(.()"+!,-!:9!AV*9"*+!LO!,-!9"#-.!$! N1V*9"*+! ,-.! Z43"1+! ALO! ,-! *(1-B+)C(! 5:7-)"+)6! *+))-57+9,"-91-! (! ."*-9*"(,+5! +! "9B-9"-)+5! 5:7-)"+)-5Q! *(1(.+B(,+! -9! -.! O+9#-9"+! ,-.! /-)5+9(.! `(3+)(.! ,-! .(! ^9"#-)5"1(1! /+."1V*9"*(! ,-! O(1(.:90(%! [.! )-5:.1(,+! (7)+R"4(,+! Y(! 5",+! ,-! ;;%S! shY+)(;J6! _:-! 5"! 3"-9! -5! :9! *+51-! "9>-)"+)! (.! )-(.! (7."*(,+! 7+)! *:(._:"-)! *+95:.1+)C(!+!-47)-5(!,-!5-)#"*"+56!-5!-.!*+51-!,-!1-9-)!:9!-47.-(,+!-9!7.(91"..(%! O+95:.1(9,+! .(! 7.(9">"*(*"89! ,-.! 7)+0-*1+6! 5-! Y(9! "9#-)1",+! JJ;! Y+)(5! ,-! "9B-9"-)+! -9! .(! "47.(91(*"89! 1+1(.6! -9! 1+,(5! 5:5! >(5-5%! [51+! 5:7+9-! :9! *+51-! ,-! "47.-4-91(*"89! ,-! $J@JH! s%! [.! *+51-! ,-.! -_:"7+! 0! .(! B()(91C(! Y(! (5*-9,",+! (! 22$J! s%! [.! *+51-! 1+1(.! ,-! "47.(91(*"896! 7:-56! 5:4(9,+! -.! ,-.! -_:"7+! 0! -.! ,-.! ,-5())+..+!Y(!5",+!,-!$SHSJ!s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s!(9:(.-5%! [9! )-5:4-96! -.! *+51-! ,-! "47.-4-91(*"896! "47.(91(*"89! 0! 4(91-9"4"-91+! 7:-,-! *(.*:.()5-!-9!3(5-!(!-51+5!,(1+5a! O+9*-71+! O+51-!,-.!-_:"7+! O+51-!,-!.(!"47.-4-91(*"89! O+51-!,-.!4(91-9"4"-91+!0!-R7.+1(*"89!NS!(g+5Q! ;M;=[!^H!2G,6`!

O+51-! 22$J%HH!s! $J@JH%HH!s! $U?SH%HH!s! ;;@HJ%HH!s!

! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ![.!7)-*"+!7+)!Y+)(!,-.!1V*9"*+!5-!Y(!+31-9",+!1-9"-9,+!-9!*:-91(!-.!5(.()"+!,-!:9!AV*9"*+!LO!,-!9"#-.!$!4Z5!-.!*+51-!,-! .(5!*+4",(56!1(43"V9!"9B)-5(,+!-9!984"9(6!_:-!*+))-57+9,-!*+9!;?SJD%22!sh(9:(.-5%![.!O+9#-9"+!,-.!7-)5+9(.!.(3+)(.!,-! .(5!:9"#-)5",(,-5!*(1(.(9(5!"9,"*(!_:-!.+5!1)(3(=(,+)-5!Y(*-9!$JU2!Y+)(5!(9:(.-5%!K5C6!(1)"3:0-9,+!:9!;Ht!,-!*+51-! N7()1-!,-!.(!5-B:)",(,!5+*"(.!7(B(,(!7+)!.(!-47)-5(!0!+1)+5!*+51-5!(5+*"(,+5!(.!,"57+9-)!,-!:9!-47.-(,+!>"=+Q!(.!5(.()"+6! *+4+!*+51-!(9:(.6!,"#","-9,+!7+)!-.!9b4-)+!,-!Y+)(56!+31-9-4+5!:9!7)-*"+hY+)(!(7)+R"4(,+!,-!;;%SH!s! ;J

!

JS!

G"! 5-! ,"#",-! -.! *+51-! 1+1(.! ,:)(91-! -.! 7-)C+,+! ,-! -R7.+1(*"896! -91)-! 1+,+5! .+5! 4"-43)+5!,-.!,-7()1(4-91+!N:9(5!2HH!7-)5+9(56!,-!4-,"(Q6!5-!+31"-9-!:9!*+51-! ,-! 2%@$! s! 7+)! 7-)5+9(! 0! 4-56! ,:)(91-! 1+,+! -.! 7-)C+,+! ,-! #"B-9*"(%! [51+! -5! :9! *+51-!C9>"4+!-9!)-.(*"89!(.!5-)#"*"+!+31-9",+6!*+9!.+!_:-!5-!*:47.-!-.!+3=-1"#+!,-! 4C9"4+!*+51-%!

!

JU!

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b9!1"7+!,-!"9*",-9*"(%! [9!*:Z91+!(!.(5!>:9*"+9(.",(,-5!,-5-(,(5!7+)!GL[AO]6!5(.#+!-.!(**-5+!)-4+1+!7+)! W/P6! _:-! 9+! -5! *+47.-1+! N1+,(#C(Q6! 5-! Y(9! "47.-4-91(,+! 1+,(5%! K,-4Z5! -.! 5"51-4(!-5!5-9*"..+!,-!(,4"9"51)()!0!>Z*".!,-!4(91-9-)%!! K,-4Z56!-51Z!1+1(.4-91-!"47.-4-91(,+!-9!5+>1F()-!."3)-6!1(91+!-.!>")-F(..!-9!5"! N7>G-95-Q!*+4+!-.!4+9"1+)!,-!5"51-4(5!N`"9:R6!P(B"+5Q%! O+4+! b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g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l!7+)!b.1"4+6!(7+)1()Z!3-9->"*"+5!(!.(!*+4:9",(,!:9"#-)5"1()"(6!0(!_:-6!*+4+!5-! #-)Z! 4Z5! (,-.(91-6! 5-! .(! #(! (! ,()! ,">:5"89! (! .(! "47.-4-91(*"896! 7()(! _:-! +1)+5! ,-7()1(4-91+5!7:-,(9!(,+71().(%!

K=?<=%'1,.*J*6,6*>.%

M:)(91-! -.! ,-5())+..+! ,-.! 7)+0-*1+! 5-! Y(! "91-91(,+! 5-)! 3(51(91-! -51)"*1+! *+9! .(! 7.(9">"*(*"896!!5-!Y(!5-B:",+!-9!1+,+!4+4-91+!0!5-!Y(!",+!(*1:(."X(9,+!.(!."51(!,-! 1()-(5!+!(5"B9(*"+9-5!,-!1"-47+!5-Bb9!Y(!5",+!9-*-5()"+%!

!

J?!

`(!7.(9">"*(*"89!-5!:9(!Y-))(4"-91(!4:0!"47+)1(91-6!-57-*"(.4-91-!-9!.(5!>(5-5! ,-! "47.-4-91(*"89! -! "47.(91(*"896! ,89,-! Y(! (0:,(,+! (! (:9()! -5>:-)X+5! -9! 1()-(5!"47+)1(91-5!0!(!7+,-)!1-9-)!4Z5!1)(9_:".",(,!,:)(91-!+1)+5!7-)C+,+5%!! [51(3(! 7)-#"51+! _:-! -.! 5"51-4(! -51:#"-)(! 1+1(.4-91-! "47.-4-91(,+! 0! ,+*:4-91(,+! (! >"9(.-5! ,-! (3)".! 0! (5C! Y(! 5",+%! l! .+5! 7.(X+5! ,-! .(! ,+*:4-91(*"89! 1(43"V9!5-!Y(9!*:47.",+%!

K=D<=%T3"307%

`(!"9>)(-51):*1:)(!-51Z!-9!-R7.+1(*"896!7.-9(4-91-!+7-)(1"#(%!/-)+!9+!5-!1)(1(!,-! :9!5"51-4(!-51Z1"*+!_:-!5-!4(91-9B(!"9(4+#"3.-!Y(51(!-.!>"9(.!,-!.(!B()(91C(!,-.! -_:"7+%!! `(5!7+5"3.-5!4-=+)(5!,-.!7)+0-*1+!#-9,)Z9!."B(,(56!-9!7()1-6!(!.(5!4-=+)(5!_:-!5-! "47.-4-91-9! -9! -.! 5+>1F()-6! -57-*"(.4-91-! *+9! .(! "9*.:5"89! *+47.-1(! ,-! <7-9W/P!-9!.(!9:-#(!#-)5"896!7)-#"51(!7()(!>"9(.-5!,-!2HH@%! P+! +351(91-6! -R"51-9! +1)(5! 4-=+)(5! _:-! 5-! 7+,)C(9! Y(*-)6! 5"9! ,-4(5"(,(! *+47.-=",(,6!(7)+#-*Y(9,+!.(!1+7+.+BC(!,"5-g(,(%! /+)! -=-47.+6! :9(! 1+7+.+BC(! *+9! )-,:9,(9*"(! (*1"#(! -9! -.! -9.(*-! cKP! N*+9! 1-*9+.+BC(!KM`G6!7+)!-=-47.+Q!B()(91"X()C(!-.!(**-5+!(.!-R1-)"+)!(:9!-9!*(5+!,-! *(C,(5!,-!.(!)-,!,-!^/O!N_:-!7+)!+1)(!7()1-6!5+9!4:0!7+*+!7)+3(3.-5Q%! A(43"V9! 5-! 7:-,-9! "47.-4-91()! 7+.C1"*(5! ,-! 7)"+)",(,! ,-! 1)Z>"*+! NdA)(>>"*! GY(7"9BfQ6! :9(! 1-*9+.+BC(! _:-! 7-)4"1-! -51(3.-*-)! 7)"+)",(,-5! (.! 1)Z>"*+! ,-! )-,! 5-Bb9! :9+5! *)"1-)"+5%! [51+! 5-! "47.-4-91()Z! *:(9,+! 5-! ,-*",(! (7+51()! 7+)! 1-.->+9C(!L/6!+!5-!"47.-4-91-!(.Bb9!5"51-4(!,-!#",-+*+9>-)-9*"(%! l! 7+)! b.1"4+6! 1(43"V9! -R"51-! .(! 7+5"3".",(,! ,-! *+.(3+)()! -9! -.! ,-5())+..+! ,-! 7>G-95-6!-9!-.!,-5())+..+!,-!7(_:-1-5!,-!>:9*"+9-5!-57-*C>"*+56!*+4+!7+)!-=-47.+6! :9! *."-91-! ,-! P(B"+56! _:-! 7-)4"1(! 4+9"1+)"X()! -RY(:51"#(4-91-! -.! >:9*"+9(4"-91+!,-!7>G-95-%!

K=H<=%\*J3#*>.%

[.!*(5+!,-.!M-7()1(4-91+!9+!-5!:9!*(5+!("5.(,+%!P"!1(47+*+!5:5!9-*-5",(,-5%!M-! Y-*Y+6!.(!4(0+)C(!,-!.+5!,-7()1(4-91+!,-!.(!^/O!1"-9-9!:9(!-51):*1:)(!5"4".()%!l! 4:*Y(5!/l'[G!1(43"V9!1"-9-9!:9(!-51):*1:)(!7()-*",(6!,89,-!.(!"9>)(-51):*1:)(! ,-5())+..(,(!7()(!-51-!7)+0-*1+!7:-,-!5-)!1)-4-9,(4-91-!b1".%! /+)! -..+6! 5-! .-! _:"-)-! ,()! (.! 7)+0-*1+! *"-)1(! ,">:5"896! _:-! 7-)4"1(! _:-! -.! *+9+*"4"-91+!(7+)1(,+!..-B:-!(!,89,-!5-!9-*-5"1-%! /+)! :9(! 7()1-6! -51Z9! 7)-#"51(! :9(! 7+9-9*"(! -9! .(5! =+)9(,(5! ALO! ,-! .(! ^/O6! 7()(! >"9(.-5! ,-.! (g+! 2HH@6! ,+9,-! 5-! ,-5*)"3(! .(! 5+.:*"89! "47.-4-91(,(%! [9! -51-! 4+4-91+6! Y(0! #()"+5! ,-7()1(4-91+5! _:-! 0(! Y(9! 4+51)(,+! 5:! "91-)V5! -9! .(! "47.-4-91(*"89%!! /()(.-.(4-91-!5-!7+9,)Z!.(!,+*:4-91(*"89!,"57+9"3.-!7()(!.(!*+4:9",(,!ALO!,-! .(!^/O6!(!1)(#V5!,-.!7+)1(.!*+)7+)(1"#+%!

!

J@!

/+)!+1)(!7()1-6!1(91+!.(!,+*:4-91(*"89!*+4+!.(!7)-5-91(*"896!5-!7+9,)Z9!-9!:9(! F-3! *+9! (**-5+! 7b3."*+! 0! 5:! ,")-**"89! 5-! ,">:9,")Z! -9! .+5! >+)+5! ,-! ,+*:4-91(*"89!,-!7>G-95-!0!4H9HF(..%! /+)! b.1"4+6! 5-! 7:3."*()Z! 1+,(! .(! ,+*:4-91(*"89! ,-.! 7)+0-*1+! -9! -.! 7+)1(.! ^/O! O+44+95;S6!7()(!_:-!7:-,(!5-)!:1"."X(,+!."3)-4-91-!7+)!*:(._:"-)!7-)5+9(%! ! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !^/O!O+44+95!N:7**+44+95%:7*%-,:Q6!-5!-.!7+)1(.!,89,-!.(!*+4:9",(,!:9"#-)5"1()"(!7:-,-!7+9-)6!,-!4(9-)(!(3"-)1(6! 1+,(5!5:5!7:3."*(*"+9-5!0!,+*:4-91+5!-.(3+)(,+5%! ;S

!

JD!

5.!L7%"M6.*67% `+5! 5"B:"-91-5! ,+*:4-91+5! ,-5*)"3-96! (! 4+,+! ,-! 4(9:(.6! .+5! 7)+*-,"4"-91+5! 5-B:",+5! 7()(! "47.-4-91()6! (,4"9"51)()! 0! )-*:7-)()! N-9! *(5+! ,-! 7)+3.-4(5Q! 1+,(!.(!"9>)(-51):*1:)(%! [51Z9!)->-)-9*"(,+56!0(!_:-!5-!Y(*-!4-9*"89!(!-..+5!,-5,-!.(!,+*:4-91(*"89!,-! 7)+0-*1+%! `+5! ,+*:4-91+5! *(1(.+B(,+5! *+4+! MA%L! 5+9! ,+*:4-91+5! 1V*9"*+5! ,-! "951(.(*"896!.+5!MA%/O!5+9!,+*:4-91+5!,-!)-*:7-)(*"89!,-!,-5(51)-5!0!/.(9-5!,-! O+91"9B-9*"(! 0! .+5! ,+*:4-91+5! MA%^! 5+9! ,+*:4-91+5! ,-! (,4"9"51)(*"89! ,-.! 5"51-4(%!

\763+!."7#%"M6.*67#%2!%-.#",1,6*>.% \S=-=N;<=%-.#",1,6*>.%2!%9J)!.#!%4%67.J*/30,6*>.%$E#*6,% [.! 5"B:"-91-! ,+*:4-91+! ,-5*)"3-! .+5! 7(5+5! 7()(! "951(.()! 7>G-95-! -9! -_:"7+! ,-! 4(9-)(!7-)4(9-91-!0!.+5!7(5+5!"9"*"(.-5!7()(!_:-!-.!5"51-4(!5-(!>:9*"+9(.%! `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a!(.!)-"9"*"()!-.!5"51-4(! 5-!7-),-)C(!1+,(!.(!*+9>"B:)(*"89Q%! \"-96! :9(! #-X! 7)-7()(,+! -.! ,"5*+! ,-! "951(.(*"89! 5-! 7)+*-,-! (! "9"*"()! -.! 5"51-4(! ())(9*(9,+!,-5,-!-.!,"5*+!N-51(5!+7*"+9-5!,-7-9,-9!,-.!7)+7"+!-_:"7+Q%!K7()-*-! -.!4-9b!,-!())(9_:-!,-!.(!>"B:)(!MA%E"B!$a!

!

SH!

! -;%"#$!!&!

[9! -.! 4-9b! (91-)"+)6! 5(.#+! *(5+5! -R*-7*"+9(.-5! N-9! *(5+! ,-! 7)+3.-4(5! *+9! :9(! "951(.(*"89! (91-)"+)6! +! -9! -_:"7+5! *+47.-=+5Q6! 5-! 5-.-**"+9(! .(! 7)"4-)(! +7*"89a! ())(9_:-! 9+)4(.%! [51+! -47-X()Z! (! ,-1-*1()! -.! Y(),F()-! ,-.! -_:"7+! 0! (! *+9>"B:)()! 1+,+5! .+5! *+91)+.(,+)-5%! [.! 5"B:"-91-! 7(5+! -5! .(! *+9>"B:)(*"89! ,-! .+5! ,"57+5"1"#+5!,-!)-,%!! /-5-!(!_:-!5-!7:-,(!)-(."X()!*(5"!1+,(!.(!*+9>"B:)(*"89!,-!.(!1+7+.+BC(!,-!)-,!(! 1)(#V5! ,-.! 5"B:"-91-! 4-9b! 5-! )-*+4"-9,(! *+9>"B:)()! 58.+! .(5! "91-)>C*"-5! ,-! )-,! .+*(.!N`KPQ!0!(**-5+!-R1-)"+)!NcKPQ6!7()(!7+51-)"+)4-91-!Y(*-)!.(!*+9>"B:)(*"89! 4Z5! ,-1(..(,(%! `+! 7)"4-)+! _:-! 7)-B:91(! -5! (*-)*(! ,-! *+9>"B:)()! W`KP5! NT-,-5! #")1:(.-5Q! _:-! -9! *(5+! ,-! 5-.-**"+9()! _:-! 9+6! (5"B9()Z! "91-)>C*"-5! ,-! )-,! ,")-*1(4-91-%!

! -;%"#$!!.!

^9(! #-X! 5-.-**"+9(,(5! .(5! "91->C*"-5! -.! 5"51-4(! ())(9*(! 0! 7)-5-91(! .(! *+95+.(! ,-! *+9>"B:)(*"89! 0! (,4"9"51)(*"89! ,-! 7>G-95-6! ,-5,-! ,89,-! 5-! (5"B9()Z9! .(5! ,")-**"+9-5!L/!,-!.(5!)-,-5!*+9>"B:)(,(5!7()(!7+,-)!(**-,-)!7+)!F-3!(.!5"51-4(%!

!

S$!

/()(!-..+6!-9!-.!4-9b!,-!.(!"4(B-9!5"B:"-91-6!5-!5-.-**"+9(!.(!+7*"89!d2Q!G-1!`KP! L/!(,,)-55fa!

! -;%"#$!!C!

M-5,-! -5(! +7*"89! -.! 5"51-4(! 7)-B:91(! 5"! 5-! _:"-)-! ())(9*()! -.! 5-)#"*"+! ,-! (5"B9(*"89!,-!,")-**"+9-5!,"9Z4"*(5!NMIO/Q6!_:-!(5"B9()Z!:9(!,")-**"89!L/!(!:9! -_:"7+!_:-!5-!"951(.-!-9!-5(!)-,6!,-5,-!,89,-!5-!7+,)Z!(**-,-)!(!.(!*+95+.(!F-3! ,-!(,4"9"51)(*"89%!

! -;%"#$!!F!

M-5,-!+1)(!4Z_:"9(!*+9-*1(,(!(.!4"54+!5-B4-91+!,-!)-,!_:-!.(!`KP!5-!(**-,-!(! 1)(#V5!,-!:9!9(#-B(,+)!F-3!(!.(!,")-**"89!,-!.(!`KP!,-.!>")-F(..%![.!5"51-4(!7",-! (:1-91"*(*"89! ,-! :5:()"+! 0! *+91)(5-g(! _:-! 7+)! ,->-*1+! 5+9! :5:()"+! d(,4"9f! 0! *+91)(5-g(!d7>5-95-f%!K.!9+!Y(3-)!:9(!*+9>"B:)(*"89!"9"*"(.!(7()-*-!:9!(5"51-91-6! -9! -.! _:-! 7)"4-)+! 5-! *+9>"B:)(9! .+5! ,(1+5! ,-! 9+43)-! ,-! Y+516! ,+4"9"+! 0! ,")-**"+9-5!MPG%!

!

S2!

! -;%"#$!!H!

[.! 5"B:"-91-! *:(,)+! ,-! *+9>"B:)(*"89! 7",-! .+5! ,(1+5! ,-! :9! 5-)#",+)! ,-! Y+)(! NG-)#",+)!PA/Q!*+9!-.!_:-!5"9*)+9"X()Z!.(!Y+)(!,-.!5"51-4(a!

! -;%"#$!!K!

[9! -.! *(5+! *+9*)-1+6! 5-! *+9>"B:)()Z! -.! 5-)#",+)! ,-! Y+)(! "91-)9+! ,-! .(! ^/Oa! d917$%:7*%-5f%! G"! 5-! Y(9! ,-! 7+9-)! 4Z5! 5-)#",+)-56! 7()(! 1-9-)! )-,:9,(9*"(6! 5-! 7:-,-9!7+9-)!5-7()(,+5!7+)!*+4(5%!!! [.!5"B:"-91-!*:(,)+6!1)(1(!.(!*+9>"B:)(*"89!,-!.(!"91-)>(X!cKP!,-.!5"51-4(6!_:-!-9! -.!*(5+!*+9*)-1+!5-)Z!:9(!*+9-R"89!L/6!7-)+!5-!7:-,-!*+9>"B:)()!7()(!(**-,-)!(! 1)(#V5!,-!*"-)1+5!4+,-45!+!)+:1-)5!,-!*+9-R"89!7+)!(**-5+!)-4+1+%![.!*:(,)+!,-! *+9>"B:)(*"89!-5!-.!5"B:"-91-a!

!

S;!

! -;%"#$!!O!

[.! 5"B:"-91-! 7(5+! -5! .(! *+9>"B:)(*"89! ,-! .(! "91-)>(X! `KP! N(_:C! 5-! 1)(1()Z! b9"*(4-91-!,-!.(!,")-**"89!L/!0!.(!4Z5*()(!,-!)-,Qa!

! -;%"#$!!Q!

[.!b.1"4+!7(5+!,-.!(5"51-91-!,-!*+9>"B:)(*"89!3Z5"*(!-5!-.!*(43"+!,-!.(!*+91)(5-g(! ,-.!:5:()"+!7()(!(**-,-)!(!.(!*+95+.(!,-!(,4"9"51)(*"89!F-3a!

!

SJ!

! -;%"#$!!S!

^9(! #-X! >"9(."X(,(! .(! *+9>"B:)(*"89! 0! ,-57:V5! ,-! "91)+,:*")! .(5! 9:-#(5! *)-,-9*"(.-5! ,-! (:1-91"*(*"89! N:5:()"+! d(,4"9f! 0! *+91)(5-g(! -57-*">"*(,(! -9! -.! (5"51-91-!,-!"951(.(*"89Q!(7()-*-!.(!*+95+.(!,-!(,4"9"51)(*"89!F-3!,-!7>G-95-a!

! -;%"#$!!&U!

I(0!_:-!,-51(*()!_:-!-9!-.!(7()1(,+!,-!7.(1(>+)4(!Nd/.(1>+)4fQ!(7()-*-!d*,)+4f6! -5! ,-*")6! -.! 5"51-4(! -51Z! *+9>"B:)(,+! C91-B)(4-91-! -9! .(! 4-4+)"(! TK'6! _:-! -5! #+.Z1".6!*+9!.+!_:-!-9!*(5+!,-!)-"9"*"()6!5-!7-),-)C(!1+,(!.(!*+9>"B:)(*"89%!!/-5-!(! _:-! (Y+)(! 5-! 7:-,-9! )-(."X()! 4+,">"*(*"+9-5! (! .(! *+9>"B:)(*"89! 3Z5"*(6! 7()(! (,(71().(! (.! -5*-9()"+! ,-5-(,+! N"9*.:5+! )-51(:)(9,+! :9(! *+7"(! ,-! 5-B:)",(,!

!

SS!

7)-#"(Q!-5!4Z5!*+9#-9"-91-!)-(."X()!.(!"951(.(*"89!,-.!5"51-4(!(.!,"5*+!,:)+6!7()(! _:-! 9+! Y(0(! 7)+3.-4(5! -9! *(5+5! ,-! *+)1-5! ,-! .:X! "9-57-)(,+5! +! (**"+9-5! -))89-(5%! /()(!.(!"951(.(*"89!-9!-.!,"5*+!,:)+!5-!(**-,-)Z!(!.(!*895+.(!,-!(,4"9"51)(*"89!,-.! 5-)#",+)6!-9!4+,+!1-R1+%!K..C!5-!5-.-**"+9(!.(!+7*"89!fDDQ!L951(..!7>G-95-!1+!(!Y(),! ,)"#-h4-4+)0!,)"#-6!-1*%fa!

! -;%"#$!!&&!

I(0!_:-!,-51(*()!_:-!7>G-95-!-51Z!,"5-g(,+!7()(!1)(3(=()!-9!5"51-4(5!*+9!,"5*+5! ,:)+5!7-_:-g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b9"*(4-91-! (! 1)(3(=()!*+4+!>")-F(..!0!)+:1-)%!M(,+!_:-!-.!(5"51-91-!-5!4:0!5-9*"..+!0!7-)4"1-! 7+*(5!+7*"+9-5!,-!*+9>"B:)(*"896!9+!5-!4:-51)(!9"9B:9(!"4(B-9!,-.!4"54+%! ^9(!#-X!1-)4"9(,+6!-.!5"51-4(!5-!)-"9"*"(6!7:,"V9,+5-!(**-,-)!(!.(!*+95+.(!F-3! *+4+! -9! .(! *+9>"B:)(*"89! "9"*"(.%! ^9(! #-X! (..C6! 5-! 7:-,-! *+47)+3()! *+4+! -.! 5"51-4(!-51Z!*+9>"B:)(,+6!1-9"-9,+!*+4+!7.(1(>+)4(!d7>5-95-f6!-5!,-*")6!-.!,"5*+! ,:)+!9+!#+.Z1".a!

!

SU!

! -;%"#$!!&.!

^9(! #-X! 1-)4"9(,(! .(! "951(.(*"89! -9! ,"5*+6! 0(! 5-! 7:-,-! 7)+*-,-)! (! .(! *+9>"B:)(*"89!0!(=:51-!,-.!5"51-4(%! \S=-=N?<=%(7.J*/30,6*>.%2!%*."!0JP6*!#%4%#3$0!2!#%!.%9J)!.#!% [51-! ,+*:4-91+! 1V*9"*+! ,-5*)"3-! .(! *+9>"B:)(*"89! ,-! .(5! "91-)>C*"-5! ,-! )-,! 7()(! .(5!,"51"91(5!5:3)-,-5!*+9>"B:)(,(5!-9!-.!5"51-4(%! `+5! )-_:"5"1+5! 7()(! 5-B:")! .+5! 7(5+5! ,-! -51-! ,+*:4-91+! -5! ,"57+9-)! ,-! :9! 5"51-4(! 7>G-95-! "951(.(,+6! *+4+! ,-5*)"3-! -.! ,+*:4-91+! MA%L%H$! 0! .(! *+9>"B:)(*"89! ,-! .+5! -_:"7+5! ,-! )-,! _:-! 7-)4"1(! "47.-4-91()! .(! 1+7+.+BC(! ,"5-g(,(%! ]-9-)(.4-91-! 5-! 1)(1()Z! ,-! :9! -91+)9+! ,-! )-,! ,"#",",+! -9! W`KP%! `(! *+9>"B:)(*"89!,-!.(5!W`KP!#()C(!-9!>:9*"89!,-.!-_:"7+6!(5C!_:-!-5!4-=+)!)-4"1")5-! (!.(!,+*:4-91(*"89!,-.!4"54+%! [9!-51-!*(5+!7()1"*:.()6!5-!"47.-4-91()Z!:9!5"51-4(!*+9!J!"91-)>C*"-5!,-!)-,6!.(5!2! _:-!5-!"951(.(9!7+)!,->-*1+!NcKP!0!`KPQ6!.(!)-,!7()(!.+5!5-)#",+)-5!-!"47)-5+)(5! NM'mQ!0!.(!)-,!"9(.Z43)"*(%!G-!:1"."X()Z9!.+5!5"B:"-91-5!,(1+5!*+4+!)->-)-9*"(a! ;+#%$<' W5[% X5[% \Q]% WX5[%

@4%$664A2'%$<' GHIC:JCFGC9K8H' GI8CGIC9C9KGM' GI8CGNC9C9KGM' GN8CGM:CGG9C9K8H'

B-'D4%$E)""' GHIC:JCFGC8' GI8CGICGCG' GI8CGNC9CG' GN8CGM:CGG9CG'

! [51+5! #(.+)-5! 9+! 5+9! .+5! )-(.-5! "47.-4-91(,+5! -9! -.! ,-7()1(4-91+6! 5+9! .+5! :1"."X(,+5!-9!:9!-91+)9+!,-!1-516!7()(!9+!*(:5()!9"9Bb9!*+9>."*1+%!

!

S?!

[9!*:(91+!(!.+5!5-)#",+)-5!,-!,")-**"+9-5!NMIO/Q6!7()(!*+9>"B:)()!.(5!-51(*"+9-5! *."-91-!_:-!5-!*+9-*1-9!(:1+4Z1"*(4-91-6!5-!*+9>"B:)()Z9!-9!.(5!)-,-5!`KP6!M'm! 0!c`KP%!`(!)-,!cKP!1-9,)Z!:9(!,")-**"89!-51Z1"*(!_:-!7-)4"1(!5:!*+4:9"*(*"89! *+9!-.!-R1-)"+)%! `+!7)"4-)+!-5!(**-,-)!(.!5"51-4(!,-5,-!.(!*+95+.(!0!*+9>"B:)()!.(5!,")-**"+9-5!,-! .(! )-,! `KP! 5"! -5! _:-! 9+! -51Z9! 3"-9! *+9>"B:)(,(5%! [51+! 5-! )-(."X()Z! *+9! .+5! *+4(9,+5!dK55"B9!L91-)>(*-5f!0!dG-1!`KP!L/!K,,)-55f!*+4+!5-!#"+!-9!-.!,+*:4-91+! MA%L%H$%! [9!.(!>"B:)(!MA%E"B!$2!5-!#-!.(!*+95+.(!,-!7>G-95-!*+9!.(!`KP!*+9>"B:)(,(a!

! -;%"#$!!&C!

K,-4Z56! (.! *+9>"B:)()! .(! L/! ,-! .(! `KP! 1(43"V9! 5-! *+9>"B:)(! 7+)! ,->-*1+! -.! 5-)#",+)!MIO/!-9!-5(!"91-)>(X%!\(51()Z!*+9!*+9-*1()!:9!-_:"7+!-9!-5(!5:3)-,!0! (**-,-)! 7+)! F-3! (! .(! ,")-**"89! ,-.! >")-F(..! 7()(! 7+,-)! *+9>"B:)()! -.! 5"51-4(! ,-5,-! .(! *+95+.(! F-3! N5"! 9+! 5-! Y(9! *(43"(,+6! .(5! *)-,-9*"(.-5! 7()(! -91)()! 5+9! d(,4"9f!*+4+!:5:()"+!0!d7>5-95-f!*+4+!*+91)(5-g(Q%! M-5,-!(..C!5-!(**-,-!(.!4-9b!dL91-)>(*-5f!&u!dK55B"9f!7()(!*+9>"B:)()!.(!(5B"(9*"89! ,-!"91-)>C*"-5!(!)-,-5%!K,-4Z56!5-!7:-,-!*+9>"B:)()!-.!(**-5+!(!,"51"91(5!5:3)-,-5! *+9! :9(! 5+.(! "91-)>(X! 5"! 5-! *+9-*1(! (! :9! 7:-)1+! *+9>"B:)(,+! -9! -.! 5F"1*Y! *+4+! 4:.1"&W`KP!N1):9eQ%![9!.(!>"B:)(!MA%E"B!$;!5-!!7:-,-!#-)!.(!*+9>"B:)(*"89!,-!.(5! 5:3)-,-5%!

!

S@!

! -;%"#$!!&F!

G"! 5-! 7:.5(! -.! 3+189! dvf6! 5-! 7+,)Z9! (g(,")! 5:3)-,-5! (5+*"Z9,+.(5! (! :9(! "91-)>(X! *+9*)-1(%![5(!"91-)>(X!-5!:9(!"91-)>(X!>C5"*(!,-.!5"51-4(!+!:9(!5:3"91-)>(X!*)-(,(! -9! .(! 7-51(g(! W`KP! N(..C! 5-! (5+*"(! :9(! 5:31"91-)>(X! (! :9! "91-)>(X! >C5"*(! 0! :9! 9b4-)+!,-!W`KPQ%![9!.(!>"B:)(!MA%E"B!$J!5-!7:-,-!#-)!*+4+!5-!Y(9!*+9>"B:)(,+! .(5!J!)-,-5!_:-!5-!,-3-9!"47.-4-91()%!

! -;%"#$!!&H!

!

SD!

^9(!#-X!-51Z9!*)-(,(56!,-5,-!-.!4-9b!dL91-)>(*-5f!5-!7:-,-!5-.-**"+9()!*(,(!:9(! ,-! -..(5! 0! *+9>"B:)()! 5:5! 7()Z4-1)+5%! K,-4Z56! 5-! .-5! 7:-,-! *(43"()! -.! 9+43)-%! [9! .(! >"B:)(! MA%E"B! $S! 5-! #-! .(! *+9>"B:)(*"89! ,-! .(! )-,! M'm! N.(! c`KP! 5-)C(! (9Z.+B(Q%!

! -;%"#$!!&K!

K5C6! 5-! *+9>"B:)(9! 1+,(5! .(5! "91-)>C*"-5! 1(.! 0! *+4+! 5-! Y(! "9,"*(,+%! K,-4Z56! 5-! 7+,)C(!*+9>"B:)()!(.B:9(!*+4+!d3)",B-f!-91)-!,+5!5:3)-,-5%!O+47()1-9!-.!4"54+! ,")-**"+9(4"-91+!-91)-!.(5!,+56!7-)+!5-!7:-,-9!-51(3.-*-)!)-B.(5%! M-5,-! .+5! 4-9b5! ,-! "91-)>(X! 5-! *+9>"B:)(9! .+5! 7()Z4-1)+5! ,-! )-,%! ^9(! #-X! *+9>"B:)(,+56! 5-! 7:-,-9! *+95:.1()! ,-5,-! -.! 4-9b! dG1(1:5f! &u! dL91-)>(*-5f%! K..C! (7()-*-!.(!*+9>"B:)(*"89!0!:9(!7-_:g(!-51(,C51"*(!,-.!1)Z>"*+!-9#"(,+!0!)-*"3",+%! [9!.(!>"B:)(!MA%E"B!$U!5-!7:-,-!#-)!.(!*+9>"B:)(*"89!,-!.(5!"91-)>C*"-5!,-.!5"51-4(%! K,-4Z56! 5"! (.B:9(! "91-)>(X! -51Z! *+9>"B:)(,(! 7()(! )-*"3")! .(! ,")-**"89! 7+)! MIO/! N-9! -.! *(5+! ,-! 5-)! :9(! *+9-R"89! KMG`6! 7+)! -=-47.+6! 5-! 1-9,)C(! _:-! *+9>"B:)()! (_:CQ!5-!7:-,-!7-,")!.(!)-9+#(*"89!,-!.(!,")-**"89%! !

!

UH!

! -;%"#$!!&O!

[9!-51-!7:91+6!-.!5"51-4(!-51Z!*+9>"B:)(,+!7()(!1-9-)!*+9-*1"#",(,!-9!.(5!)-,-5! ,->"9",(5! 7-)+! 9+! 5-! Y(! "47.-4-91(,+! 9"9Bb9! 5"51-4(! ,-! *+9*-5"89! ,-! ,")-**"+9-5! (:1+4Z1"*+! NMIO/Q! 1(.! 0! *+4+! -51Z! 7)-#"51+%! /()(! Y(*-).+! 5-! ,-3-! (**-,-)!(.!4-9b!dG-)#"*-5f!&u!dMIO/!G-)#-)f%! \Z5"*(4-91-6! -9! :9! 5-)#",+)! MIO/! 5-! .-! ,(9! .+5! #(.+)-5! _:-! ,-3-! (5"B9()! (! .+5! *."-91-5! 0! -.! .+5! )-7()1-%! K,-4Z56! 7-)4"1-9! .(! *)-(*"89! ,-! )-5-)#(5! _:-! 5")#-9! 7()(! (5+*"()! :9(! *+9>"B:)(*"89! ,-1-)4"9(,(! (! :9! b9"*+! *."-91-! 5-Bb9! 5:! ,")-**"89!>C5"*(%!! `(!"47.-4-91(*"89!,-.!5-)#"*"+!,-!MIO/!,-!7>G-95-!7-)4"1-6!*+4+!+7*"896!_:-! 58.+!.(!*+9-R"89!,-!:5:()"+5!NY(3"."1(9,+!d,-90!:9e9+F9!*."-915f!0!d-9(3.-!51(1"*! KT/!-91)"-5fQ!1-9B(9!:9(!)-5-)#(%!!

!

U$!

G"!5-!*+95"B:-!1-9-)!:9!"9#-91()"+!*+47.-1+!,-!1+,+5!.+5!-_:"7+56!-5!:9(!3:-9(! 7+.C1"*(! 7()(! ,-9-B()! -.! (**-5+! (! ,-5*+9+*",+5! _:-! 7:-,(9! *+9-*1()5-! (! .(! )-,! N*+9-*1Z9,+5-! ,")-*1(4-91-! (.! *(3.-Q%! [9! .(! >"B:)(! $?! 5-! 7:-,-! +35-)#()! :9(! *+9>"B:)(*"89!3Z5"*(!,-!MIO/!7()(!.(!)-,!`KP!,-!.(!"47.-4-91(*"89%!

! -;%"#$!!&Q!

O+9! .(! "91-)>C*"-5! *+9>"B:)(,(5! 0! -.! 5-)#",+)! MIO/! Y(3"."1(,+! 7()(! *(,(! 5:3)-,6! 0(! 5-! 1"-9-! .(! 1+7+.+BC(! *+9>"B:)(,(%! E(.1()Z! -91+9*-5! 7.(54()! -9! -.! 5"51-4(! .(! 7+.C1"*(!,-!)-B.(5!0!7-)4"5+5!_:-!5-!-R7."*(!-9!+1)+!,+*:4-91+%! \S=-=ND<=%(7.J*/30,6*>.%2!%0!/1,#%!.%9J)!.#!% [51-! ,+*:4-91+! 1V*9"*+! ,-5*)"3-! *+4+! *+9>"B:)()! .(5! )-B.(5! -9! :9! 5"51-4(! "951(.(,+!7()(!"47.-4-91()!.(!7+.C1"*(!,-!7-)4"5+5!,-5-(,(%!

!

U2!

O+4+! )-_:"5"1+! 7()(! -47-X()! (! 1)(3(=()! *+9! )-B.(5! 5-! 9-*-5"1(! :9! 7>G-95-! "951(.(,+! 0! *+9! 1+,(5! .(5! 5:3)-,-5! *+9>"B:)(,(56! 1(.! 0! *+4+! ,-5*)"3-9! .+5! ,+*:4-91+5!1V*9"*+5!MA%L%H$!0!MA%L%H2%! ^9!>")-F(..!-9*(4"9(!7(_:-1-5!,-!:9(!"91-)>(X!(!+1)(!-9!3(5-!(!:9(5!*+9,"*"+9-5%! [51(5!*+9,"*"+9-5!#(9!(5+*"(,(5!(!:9(!(**"89!NB-9-)(.4-91-!5"!7(5(!+!9+!7(5(Q%!K! -51+!-5!(!.+!_:-!5-!.-!..(4(9!)-B.(5!,-!:9!>")-F(..%! `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a! ,")-**"+9-56! )-,-5! 0! 7:-)1+5%! K5C6! 5"! 5-! ,->"9-9! :9+5! (."(5! *+))-*1(4-91-6! -.! 9b4-)+! ,-! )-B.(5! 5-)Z! 4-9+)!0!.(!(,4"9"51)(*"89!4Z5!5-9*"..(%! /()(! -47-X()! (! 1)(3(=()! *+9! .(5! )-B.(56! 7)"4-)+! 5-! *)-()(9! .+5! B):7+5! ,-! ,")-**"+9-56!)-,-5!0!7:-)1+5!_:-!",-91">"*()Z9!-.!5"51-4(%! G-! 5:-.-9! *)-()! B):7+5! ,-! ,")-**"+9-5! 7()(! ,->"9")! .+5! 5-)#",+)-5! F-3! +! .+5! ,-! >"*Y-)+5! +! .(5! "47)-5+)(5%! `+5! B):7+5! ,-! )-,-5! ",-91">"*(9! +1)(5! 5-,-5! :! +1)+5! ,-7()1(4-91+5! 0! .+5! B):7+5! ,-! 7:-)1+5! 5-! :5(9! 7()(! ,->"9")! 5-)#"*"+5! 0! (B):7(*"+9-5!,-!5-)#"*"+5%! [9!-51-!*(5+!5-!4+51)()Z9!.(5!>"B:)(5!,-!:9!B):7+!,-!,")-**"+9-5a!.+5!5-)#",+)-5! ,-!>"*Y-)+5!,-.!,-7()1(4-91+!N>"B:)(!MA%E"B%$DQ6!,-!:9!B):7+!,-!)-,-5a!.(5!,-!.(! [5*:-.(! ,-! O(4"9+5! N>"B:)(! MA%E"B%2HQ! 0! ,-! :9! B):7+! ,-! 7:-)1+5a! (_:-..+5! _:-! ,->"9-9!-.!1)Z>"*+!,-!(7."*(*"+9-5!,-!#+X!5+3)-!"7!NMA%E"B%2$Q%! /()(! ,->"9").+56! 5-! (**-,-! (! 1)(#V5! ,-! .(! *+95+.(! F-3! (.! 4-9b! dE")-F(..f! &u! dK."(5-5f%!K..C!(7()-*-9!1+,+5!.+5!B):7+5!,->"9",+5%!

!

U;!

! -;%"#$!!&S!

! -;%"#$!!.U!

! -;%"#$!!.&!

!

UJ!

^9(! #-X! -51Z9! ,->"9",+5! .+5! (."(5! "47+)1(91-56! -.! 5"B:"-91-! 7(5+! -5! *)-()! .(5! )-B.(5%![9!.(!>"B:)(!MA%E"B%22!5-!#-!.(!,->"9"*"89!,-!:9(!)-B.(!_:-!7-)4"1-!-.!7(5+! ,-5,-!.(!)-,!"9(.Z43)"*(!(!1+,+!-.!1)Z>"*+!,-!#+X!5+3)-!"76!-R*-71+!-9!.(!)-,!M'm! N7()(!7)-#-9")!7+5"3.-5!(1(_:-5Q%!

! -;%"#$!!..!

`(5!+7*"+9-5!,-!.(5!)-B.(5!5+9!(:1+-R7."*(1"#(5!(:9_:-!1(43"V9!-51Z9!)-*+B",(5! -9!.(!,+*:4-91(*"89!,-!7)+0-*1+%! /+)!b.1"4+6!-9!.(!>"B:)(!MA%E"B%2;!5-!7:-,-!#-)!.(5!)-B.(5!(5+*"(,(5!(!.(!"91-)>(X! ,-!)-,!c`KP%!K..C!5-!7:-,-!(7)-*"()!.(!"47+)1(9*"(!,-.!:5+!,-!B):7+5!0!,-.!+),-9! -51(3.-*",+%!

!

US!

! -;%"#$!!.C!

[.! Y-*Y+! ,-! .(! "47+)1(9*"(! ,-.! +),-9! 5-! 7:-,-! (7)-*"()! -9! _:-! 7)"4-)+! -51Z! -.! (**-5+! (! 1+,(! .(! )-,! ,-! .(! :9"#-)5",(,6! _:-! -9B.+3(! .(! 4(0+)C(! ,-! .(5! *+4:9"*(*"+9-5!N"91)(9-15!0!*+))-+!-.-*1)89"*+6!7)"9*"7(.4-91-Q%!M-57:V5!-51Z!-.! 5-)#"*"+! ,-! >"*Y-)+56! :3"*(,+! -9! .(! M'm6! 5-B:",+! 7+)! -.! )-51+! ,-! 5-)#"*"+5! ,-.! ,-7()1(4-91+%! l! .:-B+! -51Z! -.! B):7+! ,-! (**-5+5! (.! -R1-)"+)! ,-! .(! :9"#-)5",(,6! 4-9+)-5!-9!*(91",(,!0!7)"+)",(,%!

!

UU!

'-,"(91-! -51(! *+9>"B:)(*"896! -.! @Ht! ,-.! 1)Z>"*+! 5-! -9B.+3(! -9! .(5! S! 7)"4-)(5! )-B.(5%! O+9! .+5! 7(5+5! ,-! -51-! ,+*:4-91+! 0(! 5-! 7:-,-! "47.-4-91()! 0! +71"4"X()! :9(! 7+.C1"*(!,-!)-B.(5!_:-!7)+#+_:-!-.!*+47+)1(4"-91+!_:-!5-!.-!_:"-)-!,()!(!.(!)-,%! \S=-=NH<=%(7.J*/30,6*>.%2!1%,66!#7%2!#2!%!1%!L"!0*70%^[5SR%`*0"3,1%-'_% [51-!,+*:4-91+!,-5*)"3-!.(5!1V*9"*(5!9-*-5()"(5!7()(!7:3."*()!5-)#"*"+5!,-!.(!)-,! "91-)9(6! Y(*"V9,+.+5! #"5"3.-5! ,-5,-! -.! -R1-)"+)%! G-! 9-*-5"1(! 1-9-)! *+9>"B:)(,+! -.! 5"51-4(!1(.!0!*+4+!5-!,-5*)"3-!-9!-.!,+*:4-91+!MA%L%H;%! [.!,")-**"+9(4"-91+!:1"."X(,+!-9!.(5!)-,-5!"91-)9(56!-5!,")-**"+9(4"-91+!7)"#(,+6! -5!,-*")6!_:-!9+!7:-,-!(1)(#-5()!4Z5!(..Z!,-.!)+:1-)!_:-!.+!1"-9-!*+9>"B:)(,+%!K5C! 7:-56!7()(!(**-,-)!(!.+5!5-)#"*"+5!7b3."*+5!_:-!Y(0!-9!.(!)-,!"91-)9(6!-.!>")-F(..! 1"-9-! _:-! 1)(,:*")! .(5! 7-1"*"+9-5! -R1-)9(5! 0! ,Z)5-.(5! (.! 5-)#",+)! _:-! .-! *+))-57+9,(%! K! -51(! >:9*"89! 5-! .-! ..(4(! PKA! NdP-1F+)e! K,,)-55! A)(95.(1+)fQ%! \Z5"*(4-91-! PKA! (5+*"(! :9(! ,")-**"89! -R1-)9(! (! :9(! ,")-**"89! "91-)9(! 0! #"*-#-)5(%! [9! *:(91+! (! .(! -91)(,(! PKA6! 5-! 7:-,-! Y(*-)! ,-! ,+5! >+)4(5a! (5+*"(9,+! :9(! ,")-**"89! L/! -R1-)9(! *+9! :9(! ,")-**"89! L/! "91-)9(! NPKA! $a$Q6! +! (5+*"(9,+! :9(! ,")-**"89! 0! 7:-)1+! -R1-)9+56! (! :9(! ,")-**"89! 0! 7:-)1+! "91-)9+5%! `+! 7)"4-)+! 7-)4"1-! -.! 7:3."*()! :9(! 4Z_:"9(! -91-)(6! 4"-91)(5! _:-! .+! 5-B:9,+6! 7-)4"1-! 7:3."*()!5-)#"*"+5!0!5-!.-!5:-.-!..(4()!d/+)1!E+)F(),f%! /()(! Y(*-)! PKA6! -.! >")-F(..! ,-3-! 1-9-)! *+9>"B:)(,(! *+4+! 7)+7"(! .(! ,")-**"89! -R1-)9(! _:-! 3)"9,()Z! -.! 5-)#"*"+%! K5C6! )-*"3")Z! .(! 7-1"*"89! ,-.! 5-)#"*"+! 0! .(! 1)(,:*")Z!(!:9(!7-1"*"89!(.!5-)#",+)!"91-)9+6!Y(*"-9,+!>:9*"89!,-!j"91-)4-,"()"+k%! [51(5!,")-**"+9-5!-R1-)9(5!5-!..(4(96!-9!9+4-9*.(1:)(!7>G-95-6!dW")1:(.!L/f%! [.! 7)+*-,"4"-91+! 7()(! Y(*-)! 7b3."*+! :9! 5-)#"*"+! ,-! :9(! )-,! "91-)9(6! -5! -.! 5"B:"-91-a! $% O)-()!:9(!L/!W")1:(.!,-!.(!,")-**"89!-R1-)9(!_:-!3)"9(!-.!5-)#"*"+%! 2% O)-()!:9(!-91)(,(!PKA!_:-!#"9*:.-!.(!,")-**"89!-R1-)9(!*+9!.(!,")-**"89! "91-)9(!,+9,-!)-5",-!-.!5-)#"*"+%! ;% I(3"."1()!:9(!)-B.(!-9!-.!>")-F(..!_:-!7-)4"1(!-.!(**-5+!(!-5-!1)Z>"*+%! [9! .(! >"B:)(! MA%E"B%2J! 5-! 7:-,-! +35-)#()! .(! 7ZB"9(! ,-! *+9>"B:)(*"89,-! :9(! L/! #")1:(.!7()(!-.!>")-F(..%!

!

U?!

! -;%"#$!!.F!

`(5!+7*"+9-5!,-!*+9>"B:)(*"89!5+9!.(5!5"B:"-91-5a! •

• • • •

A"7+a!G-!1)(1(!,-.!1"7+!,-!L/!#")1:(.%!`+!-51Z9,()!-5!d/)+R0!KT/f6!_:-!-5!:9(! 1-*9+.+BC(! 4-,"(91-! .(! *:(.! -.! >")-F(..! )-57+9,-! (! 1+,(5! .(5! 7-1"*"+9-5! KT/!,-!-5(!,")-**"896!*+9!.+!_:-!)-*"3-!.+5!7(_:-1-5%!dOKT/f!5-!:1"."X(!7()(! "47.-4-91()! :9! 5"51-4(! *+9! )-,:9,(9*"(! N3Z5"*(4-91-! 5-! 1)(1(! ,-! *:(9,+! #()"(5! 4Z_:"9(5! *+47()1-9! :9(! ,")-**"89Q6! 4"-91)(5! _:-! .(! +7*"89!d+1Y-)f!5-!:5(!7()(!+7*"+9-5!(#(9X(,(5!_:-!4-X*.(9!*()(*1-)C51"*(5! ,-!/)+R0!KT/!0!OKT/%! L91-)>(Xa!.(!"91-)>(X!5+3)-!.(!_:-!5-!7:3."*(!.(!L/! M")-**"89a!G-!1)(1(!,-!.(!,")-**"89!+!B):7+!,-!,")-**"+9-5!_:-!-.!>")-F(..! *(71:)()Z!*+4+!7)+7"(5%! `(5!+1)(5!;!+7*"+9-5!5+.+!5-!:5(9!*+9!OKT/%! M-5*)"7*"89a!1-R1+!",-91">"*(1"#+5!,-!.(!-91)(,(!W")1:(.!L/%!

^9(!#-X!-51Z!*+9>"B:)(,(!.(!L/!#")1:(.6!-.!5"B:"-91-!7(5+!-5!*)-()!:9(!)-B.(!,-!PKA! _:-! -9#C-! -.! 1)Z>"*+! (.! 5-)#",+)! ,-5-(,+%! O+4+! 5-! Y(! *+4-91(,+6! -R"51-9! ,+5! 1"7+56!PKA!$a$!0!/+)1!>+)F(),"9B%! `(! 7)"4-)(! +7*"89! -5! .(! ",-(.! 7()(! 7:3."*()! :9(! 4Z_:"9(! *+47.-1(! 0! _:-! 5-(! 1+1(.4-91-!#"5"3.-!,-5,-!-.!-R1-)"+)%!`(5!+7*"+9-5!,-!*+9>"B:)(*"89!5+9!4C9"4(56! 5-!."4"1(9!(!)-.(*"+9()!L/!"91-)9(!*+9!L/!-R1-)9(6!*+4+!5-!7:-,-!#-)!-9!.(!"4(B-9! MA%E"B%2S%!

! -;%"#$!!.H!

!

U@!

`(!5-B:9,(!+7*"896!*+9+*",(!*+4+!/KA6!7-)4"1-!7:3."*()!*"-)1+5!5-)#"*"+5!,-!:9(! 4Z_:"9(! 0! )-,")-**"+9()! 1(43"V9! .(5! 7-1"*"+9-5! -91)(91-5! (! ,">-)-91-5! 7:-)1+5! -9! .(! 4Z_:"9(! ,-51"9+%! [.! .(! >+)4(! 4Z5! )-*+4-9,(3.-! ,-! 7:3."*()! 5-)#"*"+56! 0(! _:-! 9+! 1+,(! .(! 4Z_:"9(! 5-)Z! #"5"3.-! 0! 5-! (7+)1(! 4Z5! 5-B:)",(,%! [9! .(! >"B:)(! MA%E"B%2U!5-!7:-,-9!#-)!.(5!+7*"+9-5!,-!*+9>"B:)(*"89!,-!/KA%!

! -;%"#$!!.K!

l!:9(!#-X!-51Z9!,->"9",(5!.(5!)-B.(5!,-!PKA!0!.(5!L/!#")1:(.-56!Y(0!_:-!*)-()!.(5! )-B.(5! _:-! 7-)4"1(9! -.! 1)Z>"*+! (! .+5! 5-)#",+)-5! "91-)9+5%! M-! Y-*Y+6! (.! *)-()! :9(! )-B.(! ,-! d/+)1! E+)F(),"9Bf! -.! 5"51-4(! ,(! .(! +7*"89! ,-! *)-()! .(! )-B.(! (:1+4Z1"*(4-91-%! G-! *)-(9! .(5! )-B.(5! 5"B:"-9,+! .+5! 7(5+5! _:-! 5-! "9,"*(9! -9! -.! ,+*:4-91+!MA%L%H;%!]-9-)(.4-91-!(.!5-)!5-)#"*"+5!7b3."*+56!5-!5:-.-9!*)-()!)-B.(5! _:-!)-B"51)-9!-.!1)Z>"*+6!7()(!1-9-)!,(1+5!,-.!(**-5+!(!.+5!5-)#"*"+5%! [`!5"51-4(!7)"4-)+!)-(."X(!-.!PKA!0!.:-B+!#-)">"*(!.(5!)-B.(56!(5C!_:-!-9!.(5!)-B.(5! ,-!-91)(,(6!.(!,")-**"89!,-!,-51"9+!5-)Z!.(!,-!.(!)-,!"91-)9(!0!9+!.(!,-!.(!L/!#")1:(.%! [9!.(!"4(B-9!MA%E"B%2?!5-!7:-,-!#-)!-.!*+9=:91+!,-!)-B.(5!,-!-91)(,(!,-.!>")-F(..6! -9!-.!_:-!(7()-*-9!1+,+5!.+5!5-)#"*"+5!_:-!-51Z9!7:3."*(,+5!(!1)(#V5!,-!PKA%!

!

UD!

! -;%"#$!!.O!

\S=-=NI<=%(7.J*/30,6*>.%2!1%#*#"!+,%2!%'70",1%(,3"*B7%9,0,%1,%0!2%*.,1E+$0*6,% [9!-51-!,+*:4-91+!5-!4:-51)(9!.+5!7(5+5!9-*-5()"+5!7()(!*+9>"B:)()!-.!5"51-4(! ,-!#(.",(*"89!4-,"(91-!/+)1(.!O(:1"#+6!B-9-)(.4-91-!7()(!)-,-5!"9(.Z43)"*(5%! [5!)-_:"5"1+!1-9-)!"47.-4-91(,+!,-!4(9-)(!1+1(.4-91-!>:9*"+9(.!-.!>")-F(..6!*+9! -.!*+47+)1(4"-91+!,-5-(,+!-9!*:Z91+!(!)-B.(5!0!5-)#"*"+5%! [.!>:9*"+9(4"-91+!,-.!7+)1(.!*(:1"#+!5-!3(5(!-9!3.+_:-()!1+,(5!.(5!*+9-R"+9-5!,-! :9(! 4Z_:"9(! Y(51(! _:-! ,-5,-! -..(! 5-! (3)(! :9! 9(#-B(,+)! 0! 5-! ,-9! :9(5! *)-,-9*"(.-5%! w51-! 5"51-4(! 5-! "47.-4-91(! B-9-)(.4-91-! -9! .(! )-,! "9(.Z43)"*(6! 7()(!,()!(**-5+!(!:5:()"+5!48#".-5%! [9!-51-!,+*:4-91+!5-!-R7."*()Z!7)"4-)+!.(!*+9>"B:)(*"89!:5(9,+!*+4+!7-)4"5+5! :9(!3(5-!,-!,(1+5!,-!:5:()"+56!*)-(,(!,")-*1(4-91-!-9!7>G-95-!0!,-57:V5!:5(9,+! :9! *+91)+.(,+)! ,-! ,+4"9"+! ,-! c"9,+F5! 2HH;! G-)#-)6! *+4+! -5! -.! *(5+! ,-.! M-7()1(4-91+%! /()(!*+9>"B:)()!/+)1(.!O(:1"#+!5-!,-3-!(**-,-)!(!.(!7-51(g(!dG-)#"*-5f!&u!dO(71"#-! /+)1(.f!,-5,-!.(!*+95+.(!F-3!,-!(,4"9"51)(*"89!,-!7>G-95-%!`(!>"B:)(!MA%E"B%2@!-5! :9(!*(71:)(!,-!.(!7(91(..(!,-!*+9>"B:)(*"89!-9!.(!7()1-!,-!*+9>"B:)(*"89!B-9-)(.%!

!

?H!

! -;%"#$!!.Q!

`+5!7()Z4-1)+5!_:-!5-!7:-,-9!*+9>"B:)()!5+9a! • • •

• •

•

L,.-! A"4-+:1a! G-! 1)(1(! ,-.! 1"-47+! _:-! -.! 5"51-4(! 1(),(! -9! *-))()! :9(! 5-5"89!5"9!(*1"#",(,%![9!-5-!*(5+!#:-.#-!(!(7()-*-)!.(!7ZB"9(!,-!#(.",(*"89! 0!-.!:5:()"+!7:-,+!#+.#-)!(!*+9-*1()5-!"91)+,:*"-9,+!5:5!*)-,-9*"(.-5%! I(),! A"4-+:1a! G-! 1)(1(! ,-.! 1"-47+! 4ZR"4+! ,-! *+9-R"89%! K! *-))()5-! .(! *+9-R"89!(7()-*-!.(!#-91(9(!,-!#(.",(*"89!+1)(!#-X%! `+B+:1!7+7:7!F"9,+Fa!G-!1)(1(!,-!_:-!(.!#(.",()5-!-9!-.!5"51-4(6!5-!(3)(! :9(! #-91(9(! -4-)B-91-! -9! -.! 9(#-B(,+)6! *+9! -.! 3+1+9! 7()(! 5(.")! ,-.! 5"51-4(%! `(! 4(0+)C(! ,-! 9(#-B(,+)-5! 4+,-)9+5! 3.+_:-(9! .(5! #-91(9(5! -4-)B-91-56! *+9! .+! _:-! 4:*Y(5! #-*-5! 9+! (7()-*-)Z%! [9! -5-! *(5+6! 5-! ,-5*+9-*1()Z!.(!5-5"89!4-,"(91-!.+5!5"51-4(5!,-!d1"4-+:1f%! T-,")-*1"+9!^T`a!,")-**"89!,-!.(!7ZB"9(!(!.(!_:-!5-!-9#"()Z!(.!9(#-B(,+)! ,-57:V5!,-!:9(!*+9-R"89!(:1-91">"*(,(%! O+9*:))-91!:5-)!.+B"95a!5-!1)(1(!,-!7-)4"1")!+!9+!4Z5!,-!:9(!5-5"89!7()(! :9!5+.+!:5:()"+%![9!-.!*(5+!,-!,-5Y(3"."1().+!Nd,"5(3.-fQ6!5-!7+,)Z!*+9-*1()! ,-5,-!.(!b.1"4(!4Z_:"9(!,+9,-!5-!Y(0(!#(.",(,+%! 'KO! >".1-)"9Ba! -.! 5"51-4(! ,-! 7+)1(.! *(:1"#+! 7-)4"1-! *)-()! :9(! ."51(! ,-! ,")-**"+9-5!,-5,-!.(5!_:-!5-!,()Z!(**-5+!5"9!1-9-)!_:-!"91)+,:*")!5"-47)-! :5:()"+!0!*+91)(5-g(%![9!-.!*(5+!,-!_:-!5-!5-.-**"+9-!-51Z!+7*"896!-5(!."51(! 5-)Z!"B9+)(,(%!

`(!5"B:"-91-!5-**"89!,-!.(!7ZB"9(!,-!*+9>"B:)(*"89!-5!.(!,-!.(!*+9>"B:)(*"89!,-!.(! (:1-91"*(*"896!5-!*+4-91(!4Z5!(,-.(91-%! `(!b.1"4(!7()1-!,-!.(!7ZB"9(!,-!*+9>"B:)(*"89!7-)4"1-!)-..-9()!.(5!+7*"+9-5!,-!.(! 7ZB"9(!,-!*+9-R"89!_:-!(7()-*-)Z!7()(!7-,")!.+5!,(1+5%!G-!7:-,-!#-)!-9!.(!>"B:)(! MA%EL]%2D%!

!

?$!

! -;%"#$!!.S!

M-!.(5!+7*"+9-5!,-!.(!7ZB"9(6!*+4-91()!_:-!5-!7:-,-!Y(*-)!_:-!.(!#(.",(*"89!5-(! 7+)!Y11756!7)+1+*+.+!*+9!-9*)"71(*"896!-9!#-X!,-!Y117%![9!-5-!*(5+!5-!,-3-9!,()! .+5!,(1+5!,-!.+5!*-)1">"*(,+5!9-*-5()"+56!(5C!*+4+!5:5!*.(#-5!(5+*"(,(5%!! /+)!b.1"4+6!5-!7:-,-!(,=:91()!:9!>"*Y-)+!IA'`!*+9!-.!*+91-9",+!,-!.(!7ZB"9(!_:-! 4+51)()Z!-.!5"51-4(!7()(!.(!#(.",(*"89!0!-9!*(5+!,-!-))+)!-9!.(5!*)-,-9*"(.-5%!G-! 7:-,-9!(g(,")!)->-)-9*"(5!(!"4ZB-9-5!:!+1)+5!,+*:4-91+5!_:-!5-!Y(0(9!5:3",+! 7)-#"(4-91-!(.!5-)#",+)6!:1"."X(9,+!.(!7-51(g(!d^7.+(,f%![9!-.!*(5+!,-.! ,-7()1(4-91+!5-!Y(!*)-(,+!.(!7ZB"9(!,-!#(.",(*"89!_:-!5-!#-!-9!.(!>"B:)(! MA%E"B%;H%!

! -;%"#$!!CU!

!

?2!

T-57-*1+! (.! 1-4(! ,-! .(! (:1-91"*(*"896! -9! -.! *(5+! ,-! 5-.-**"+9()! d`+*(.! ^5-)! K:1Y-91"*(1"+9f6!5-!,-3-9!*)-()!.+5!:5:()"+5!3(=+!.(!7-51(g(!d^5-)5f!,-!.(!*+95+.(! F-3!,-!(,4"9"51)(*"89!,-!7>G-95-6!-9!-.!(7()1(,+!,-.!7+)1(.!O(:1"#+%![.!5"51-4(! 7",-!,(1+5!,-!:5:()"+6!*+91)(5-g(!0!,-5*)"7*"89%!! ]-9-)(.4-91-!-5-!5"51-4(!9+!5-)Z!5:>"*"-91-6!5-!#(!(!,-1(..()!.(!*+9>"B:)(*"89!,-! .(! (:1-91"*(*"89! *+91)(! :9! ,+4"9"+! ,-! c"9,+F5! 2HH;6! 4-,"(91-! -.! 7)+1+*+.+! TKML^G%! TKML^G! -5! -.! (*)89"4+! ,-! dT-4+1-! K:1Y-91"*(1"+9! M"(.&L9! ^5-)! G-)#-)f%! G:! >:9*"+9(4"-91+! -5! 5-9*"..+6! 5-! 1)(1(! ,-! :9! 5"51-4(! _:-! ,(,(5! :9(5! *)-,-9*"(.-5! ,-#:-.#-!:9!(*-71(,+!+!9+!(*-71(,+!(!:9(!7-1"*"89!,-!#(.",(*"89%!! TKML^G! 9+! -5! :9(! 3(5-! ,-! ,(1+5! -9! 5C6! 5"9+! _:-! -5! :9! 7)+1+*+.+! "91-)4-,"+%! '-,"(91-!TKML^G!5-!7+,)C(9!(:1-91"*()!:5:()"+5!*+91)(!:9!,+4"9"+!,-!c"9,+F5! 2HH;6! *+91)(! :9(! 3(5-! ,-! ,(1+5! '0Gn`6! +! *+91)(! :9! 5"51-4(! ,-! ,")-*1+)"+! ,-! <7-9`MK/%! K! *+91"9:(*"89! 5-! ,-1(..(9! .+5! 7(5+5! (! )-(."X()6! 1(91+! -9! -.! >")-F(..! *+9! 7>G-95-! *+4+! -9! -.! *+91)+.(,+)! ,-! ,+4"9"+! *+9! c"9,+F5! 2HH;! G-)#-)6! 7()(! *+9>"B:)()! (:1-91"*(*"89!,-.!7+)1(.!*(:1"#+!*+9!-.!,+4"9"+%! [5!4:0!*+4b9!_:-!.+5!5-)#",+)-5!-51V9!"951(.(,+5!-9!"9B.V56!(5C!_:-!5-!,-1(..()Z9! .(5!"951):**"+9-5!7()(!Y(*-).+!-9!:9!5"51-4(!"951(.(,+!-9!-51-!","+4(%!! G"!5-!-51Z!:5(9,+!-.!5-)#"*"+!MPG!,-!c"9,+F5!2HH;!*+4+!5-)#"*"+!,-!)-5+.:*"89! ,-! 9+43)-5! N-5! .+! Y(3"1:(.6! 0(! _:-! -.! ,")-*1+)"+! (*1"#+! 9-*-5"1(! 1-9-)! :9(5! -57-*">"*(*"+9-5!4:0!7+*+!*+4:9-5!-9!5-)#"*"+5!MPG!,-!^9"R6!`"9:R!+!5"4".()-5Q6! 5-!,-3-!#-)">"*()!_:-!Y(0!:9(!-91)(,(!7()(!-.!>")-F(..!_:-!(**-,-)Z!(.!TKML^G%! [.!7)"4-)!7(5+!-5!"951(.()!-.!5-)#"*"+!TKML^G!-9!-.!*+91)+.(,+)!,-!,+4"9"+%!/()(! -..+! 5-! (**-,-! (! dO+91)+.! /(9-.f! &u! dK,,! +)! )-4+#-! 7)+B)(45f! &u! dc"9,+F5! O+47+9-915f! &u! dP-1F+)e"9B! G-)#"*-5f! 0! (..C! 5-! 5-.-**"+9(! dL91-)9-1! K:1Y-91"*(1"+9! G-)#"*-f%! ^9(! #-X! "951(.(,+6! 5-! 7:-,-! (**-,-)! (! 5:! *+95+.(! ,-! (,4"9"51)(*"89! ,-5,-! dG1()1f! &u! d/)+B)(45f! &u! dK,4"9"51)(1"#-! 1++.5f! &u! dL91-)9-1! K:1Y-91"*(1"+9!G-)#"*-5f%! M-5,-!.(!*+95+.(!,-!(,4"9"51)(*"89!5-!*."*(!*+9!-.!3+189!,-)-*Y+!5+3)-!dL91-)9-1! K:1Y-91"*(1"+9! G-)#"*-f! *+9! -.! 3+189! ,-)-*Y+! 0! 5-! 5-.-**"+9(! dT-B"51-)! "9! (*1"#-! ,")-*1+)0f! 7()(! -9.(X()! -.! 5-)#"*"+! TKML^G! *+9! .(! 3(5-! ,-! ,(1+5! ,-.! ,")-*1+)"+! (*1"#+6!1(.!0!*+4+!5-!7:-,-!#-)!-9!.(!>"B:)(!MA%E"B%;$%!

!

?;!

! -;%"#$!!C&!

O+9! -.! 5-)#"*"+! "951(.(,+! 0! *+9>"B:)(,+! 5-! #(! (! 7)+*-,-)! (! *)-()! :9(! *+9>"B:)(*"89! ,-! *."-91-! TKML^G! 7()(! -.! >")-F(..%! /()(! -..+! 5-! *."*()Z! 5+3)-! dL91-)9-1!K:1Y-91"*1"+9!G-)#"*-f!*+9!-.!3+1+9!,-)-*Y+6!5-.-**"+9(9,+!dP-F!O."-91f%! K_:C! 5-! *+9>"B:)()Z! -.! 9+43)-! ,-.! *."-91-! N-9! -51-! *(5+! >F-1*B%:7*%-5! _:-! ,-3-! -51()!)-B"51)(,+!-9!-.!MPGQ6!-.!1"7+!,-!*."-91-!TKML^G!N-9!-51-!*(5+!-51Z9,()Q!0! :9(! *+91)(5-g(! ,-! (**-5+! _:-! 5-! ,-3-)Z! "9,"*()! -9! -.! >")-F(..%! `(5! >"B:)(5! MA%E"B%;2!0!MA%E"B%;;!4:-51)(9!.+5!7(5+5!->-*1:(,+5%!

!

-;%"#$!!CC!

-;%"#$!!C.!

! ^9(!#-X!*+9>"B:)(,+!:9!*."-91-!5-!1"-9-!_:-!*+9>"B:)()!:9(!,")-*1"#(!_:-!"9,"_:-! -.!1"7+!,-!#(.",(*"89!_:-!5-!,-3-!->-*1:()!0!5+3)-!_:-!3(5-!,-!,(1+5!,-!:5:()"+5%! `(! ,")-*1"#(! 5-! 1)(1(! ,-! :9! *+9=:91+! ,-! *+9,"*"+9-5! _:-! 5-! ,-3-! *:47.")! 7()(!

!

?J!

->-*1:()! :9(! (**"89%! /()(! *)-()! :9(! ,")-*1"#(6! 5-! *."*(! *+9! -.! 3+1+9! ,-)-*Y+! -9! dT-4+1-!K**-55!/+."*0f!&u!dP-F!T-4+1-!K**-55!/+."*0f%! [9! -51-! *(5+! .(! (**"89! 5-)Z! 7-)4"1")! Nd])(91! (**-55fQ! 0! *+4+! *+9,"*"+9-5! 5-! 7+9,)Z9!;a! • • •

[.!1"7+!,-!*+9-R"89!7+)!,+9,-!..-B()Z!.(!7-1"*"89!5-)Z![1Y-)9-1%! [.! *."-91-! _:-! )-(."X()Z! .(! 7-1"*"896! 5-)Z! -.! >")-F(..6! -9! -51-! *(5+6! >F-1*B! N,->"9",+!7)-#"(4-91-!*+4+!*."-91-Q%! W(.",()Z!.(5!*)-,-9*"(.-5!,-!.+5!:5:()"+5!_:-!-51V9!"9*.:",+5!-9!:9!B):7+! ,-1-)4"9(,+6!-9!-51-!*(5+!d^5:()"+5O(71"#-/+)1(.f6!_:-!5-!Y(3)Z!,->"9",+! 7)-#"(4-91-!-9!-.!,")-*1+)"+!(*1"#+%![9!-.!*(5+!,-!,()!(**-5+!(!1+,+5!.+5! :5:()"+56!5-!7:-,-!:5()!-.!B):7+!dM+4("9!^5-)5f6!_:-!#"-9-!7+)!,->-*1+!-9! 1+,+5!.+5!,+4"9"+5%!

[9!.(5!>"B:)(5!MA%L%;J6!MA%L%;S6!MA%L%;U!0!MA%L%;?!5-!#-9!.(5!#-91(9(5!,-!*)-(*"89! ,-!,")-*1"#(%! !!!!!! ! !!!!!! ! ! -;%"#$!!CC!

!

-;%"#$!!C.!

!

-;%"#$!!CK!

-;%"#$!!CO!

! ^9(!#-X!-51Z!.(!,")-*1"#(!*)-(,(6!Y(0!_:-!,->"9")!:9+5!7()Z4-1)+5!,-!(**-5+!,-.! >")-F(..!(!TKML^G%!/()(!-..+6!5-!*."*(!*+9!-.!3+189!,-)-*Y+!5+3)-!-.!*."-91-!0!-9!.(! 7-51(g(! dK:1Y-91"*(1"+9f! 5-! *+9>"B:)(9! .+5! 7()Z4-1)+5! _:-! :1"."X()Z! -.! >")-F(..! 7()(!*+9-*1()!*+9!TKML^G%!!

!

?S!

K_:C!5-!7:-,-!-51(3.-*-)!*+9-R"+9-5!-9*)"71(,(5!7-)+!7>G-95-!9+!.(5!7-)4"1-!(5C! _:-! 5-! :1"."X()Z! *+4:9"*(*"89! -9! 7.(9+%! P+! +351(91-6! -51+! 9+! -5! ,-4(5"(,+! 7)+3.-4Z1"*+! 0(! _:-! -.! 5-)#",+)! TKML^G! 5-! -9*:-91)(! -9! .(! )-,! M'm6! ,+9,-! 9(,"-!1"-9-!(**-5+!7()(!#-)!-.!1)Z>"*+!,-!)-,%! `(!*+9>"B:)(*"89!,-!-51-!7()Z4-1)+!,-3-!_:-,()!*+4+!5-!7:-,-!#-)!-9!.(!>"B:)(! MA%E"B%;@%!

! -;%"#$!!CF!

[9!-51-!4+4-91+!-.!5-)#",+)!TKML^G!-51Z!*+9>"B:)(,+%!\(51(!*+9!"91)+,:*")!.+5! ,(1+5! ,-! (**-5+! -9! -.! (7()1(,+! ,-! (:1-91"*(*"89! ,-! .(! *+9>"B:)(*"89! ,-.! 7+)1(.! *(:1"#+! -9! 7>G-95-! 7()(! _:-! -.! 5"51-4(! >:9*"+9-! *+))-*1(4-91-%! /()(! -..+6! 5-! (**-,-!+1)(!#-X!(!.(!*+95+.(!F-3!,-!7>G-95-6!(.!4-9b!dG-)#"*-5f!&u!dO(71"#-!/+)1(.f%! \(51(!*+9!"91)+,:*")!.+5!,(1+5!,-.!5-)#",+)!TKML^G!-9!.(!7ZB"9(!,-!*+9>"B:)(*"896! 7()(!_:-!-.!5"51-4(!#(.",-!.+5!:5:()"+5%!A(43"V9!5-!7:-,-!*+9>"B:)()!:9!5-B:9,+! 5-)#",+)! TKML^G! 7()(! 1-9-)! (.1(! ,"57+9"3".",(,! 0! -R"51-9! +7*"+9-5! 7()(! *+91()! .+5!9b4-)+!,-!#(.",(*"+9-56!_:-!-9!-51-!*(5+!9+!5-!:5()Z9%![9!.(!>"B:)(!MA%E"B%;D! 5-!7:-,-9!#-)!.(5!+7*"+9-5!"91)+,:*",(5%! [9!-51-!7:91+!-.!5"51-4(!-51Z!*+9>"B:)(,+!7()(!_:-!#(.",-!.+5!:5:()"+5!*+91)(!-.! ,")-*1+)"+! (*1"#+6! 9+! +351(91-6! Y(0! :9! 7-_:-g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g(! dK..+F-,! L/! K,,)-55f6! ,+9,-! 5-! ,()Z9! .+5! ,(1+5! ,-! .+5! MPG6! *+4+! 5-! 7:-,-!#-)!-9!.(!>"B:)(!MA%E"B%JH%! O+9! -51-! b.1"4+! 7(5+! -.! 5"51-4(! -5! 1+1(.4-91-! >:9*"+9(.6! #(.",(9,+! *+9! .+5! :5:()"+5!0!*+91)(5-g(5!,-.!,+4"9"+%!

!

?U!

! -;%"#$!!CH!

! -;%"#$!!CK!

/+)! b.1"4+6! -.! 5"51-4(! 7-)4"1-! .(! 4+9"1+)"X(*"89! ,-! .(5! *+9-R"+9-5! ,-! 4(9-)(! _:-!-9!1+,+!4+4-91+!5-!7:-,(9!#-)!.+5!:5:()"+5!*+9-*1(,+5%!/()(!-..+6!5-!,-3-! (**-,-)! (! .(! *+95+.(! F-3! ,-! 7>G-95-6! -9! -.! 4-9b! dG1(1:5f! &u! dO(71"#-! /+)1(.f%! G-! 7:-,-!#-)!:9(!4:-51)(!-9!.(!>"B:)(!MA%E"B%J$%!! K,-4Z56! -.! 5"51-4(! 1(43"-9! B:(),(! :9! )-B"51)+! ,-! (*1"#",(,6! =:91+! *+9! .+5! )-B"51)+5! ,-! -#-91+5! ,-! 1+,(! .(! "9>)(-51):*1:)(%! G-! 7:-,-! *+95:.1()! 4-,"(91-! -.! 4-9b!dG1(1:5f! &u!dG051-4!`+B5f!&u!d/+)1(.!K:1Yf%![9!.(!>"B:)(!MA%E"B%J2!5-!#-!:9(! *(71:)(!,-!7(91(..(!,-.!)-B"51)+!,-!-#-91+5%! !

??!

! -;%"#$!!CO!

! -;%"#$!!CQ!

^9(!#-X!-51Z!"47.-4-91(,+!-.!5"51-4(!,-!7+)1(.!*(:1"#+6!5-!7:-,-9!7-5*"9,")!,-! .+5! 5"51-4(5! ,-! 5-B:)",(,! 3(5(,+5! -9! *+9>"B:)(*"89! ,-! .+5! 7:91+5! ,-! (**-5+6! *+4+! .(! -9*)"71(*"89! (! 1)(#V5! ,-! :9(! *.(#-! *+4b9%! /()(! -..+6! 5-! (*1:()Z! ,")-*1(4-91-! 5+3)-! .(! *+9>"B:)(*"89! ,-! .+5! -_:"7+5! ,-! )-,6! ,-=(9,+! -.! 1)Z>"*+! (3"-)1+!0!-9!7.(9+%! O+9!-51+6!0(!-51Z!-.!5"51-4(!,-!7+)1(.!*(:1"#+!1+1(.4-91-!>:9*"+9(.!7()(!(**-,-)! ,-5,-!,"57+5"1"#+5!48#".-5!(!.(!)-,!"9(.Z43)"*(!,-.!,-7()1(4-91+%! \S=-=NK<=%(7.J*/30,6*>.%2!%`'[%9,0,%,66!#7#%0!+7"7#% [9! -51-! ,+*:4-91+! 5-! -R7."*(! *+4+! *+9>"B:)()! <7-9W/P! 7()(! _:-! *."-91-5! )-4+1+5!7:-,(9!(**-,-)!(!.+5!5-)#"*"+5!"91-)9+5%!K!-51+5!*."-91-5!5-!.-5!*+9+*-6! -9!1-)4"9+.+BC(!,-!W/P6!*+4+!d)+(,F())"+)5f%! `(!"47.-4-91(*"89!,-!<7-9W/P!,-!.(!#-)5"89!$%2%T-.-(5-!,-!7>G-95-!N,"51)"3:",(! ,-5,-! >-3)-)+! ,-! 2HH@Q! 1"-9-! .(5! >:9*"+9-5! ."4"1(,(5%! P+! 7-)4"1-! -51(3.-*-)! )-B.(5!7()(!.(5!*+9-R"+9-5!-91)(91-5%!G+.+!7-)4"1-!,()!(**-5+!(!)-,-5!*+47.-1(5! N(!1+,(!.(!`KP6!+!(!1+,(!.(!M'mQ%!! G-Bb9!.+5!>+)+5!,-!*+4:9"*(*"89!,-!7>G-95-!5-!-51Z!1)(3(=(9,+!7()(!1-9-)6!-9!.(! #-)5"89!$%;6!:9(!"47.-4-91(*"89!*+47.-1(!,-!<7-9W/P6!_:-!7-)4"1(!-51(3.-*-)! )-B.(5!5+3)-!.(!"91-)>(X!<7-9W/P6!*+4+!5"!>:-)(!:9(!)-,!4Z5%!

!

?@!

`+5!)-_:"5"1+5!7()(!7+,-)!"47.-4-91()!<7-9W/P!-5!1-9-)!-.!>")-F(..!*+9>"B:)(,+! *+9!.(!*+9-*1"#",(,!0!.(5!)-B.(56!1(.!0!*+4+!5-!,-5*)"3-!-9!-.!,+*:4-91+!MA%L%H;%! `(!"951(.(*"89!,-!<7-9W/P!1"-9-!;!>(5-5a! • • •

O)-(*"89! ,-! .+5! *-)1">"*(,+56! _:-! 5-! )-(."X()Z! -9! :9(! -51(*"89! ,-! 1)(3(=+! *+9!c"9,+F5%! O+9>"B:)(*"89!,-.!5-)#",+)6!(!1)(#V5!,-!.(!*+95+.(!F-3!,-!(,4"9"51)(*"89! ,-!7>G-95-%! O+9>"B:)(*"89!,-!.+5!*."-91-5!<7-9W/P%!

[.!7)"4-)!7(5+!5-!)-(."X()Z!,-5,-!:9(!-51(*"89!,-!1)(3(=+!*+9#-9*"+9(.%!M-5,-!(.C! 5-!*)-()Z9!1+,+5!.+5!*-)1">"*(,+5!7()(!-.!5-)#",+)!0!7()(!.+5!7+5"3.-5!*."-91-5%!`+! 7)"4-)+!-5!,-5*()B()!-.!5+>1F()-!,-!<7-9W/P!NY117ahh+7-9#79%9-1h,+9F.+(,5Q%! [9!-.!*(5+!_:-!5-(!c"9,+F5!W"51(6!-5!+3."B(,+!,-5*()B()!.(!#-)5"89!\-1(!N2%$%)*@! -9! -51-! *(5+Q%! [9! -.! ,-7()1(4-91+! 5-! :5(! c"9,+F5! o/6! 7-)+! 5-! :1"."X()Z! -51(! b.1"4(!#-)5"89!0(!_:-!-5!4Z5!5-9*"..(!,-!:1"."X()%! ^9(! #-X! ,-5*()B(,(! -! "951(.(,(! .(! (7."*(*"89! N+7*"+9-5! 1C7"*(56! 5"9! 9"9B:9(! ,">"*:.1(,Q6! 5-! #(9! (! B-9-)()! .+5! *-)1">"*(,+5%! G-! (3)-! :9(! #-91(9(! ,-! *+4(9,+5! NdG1()1f! &u! dT:9f! &u! -9! .(! #-91(9(! _:-! (7()-*-! 5-! -5*)"3-! d*4,f! 0! 5-! *."*(! -9! dK**-71fQ%!l!(..C!5-!"91)+,:*-9!.+5!5"B:"-91-5!*+4(9,+5!N,-57:V5!,-!*(,(!."9-(!5-! 7:.5(!d)-1:)9f6!.(5!."9-(5!_:-!-47"-X(9!*+9!x!5+9!*+4-91()"+56!9+!5-!-5*)"3-9Q%! > cd “\Program Files\OpenVPN” # Se debe usar la ruta donde se haya instalado OpenVPN > init-config.bat > notepad vars.bat # en la ventana que se abre, se editan las opciones del certificado, en este caso # KEY_COUNTRY=es, KEY_PROVINCE=bcn, KEY_CITY=BCN, etc. > vars.bat > clean-all.bat > build-ca.bat # Esto genera las claves solicitando los valores de VARS. Se dejan por defecto # exceto ‘Common name’, donde se pone ‘pfsense-ca’ > build-key-server.bat !!!!!!!# Igual que antes, se le da un valor solo a ‘Common name’, en este caso ‘server’ > build-dh.bat # Con esto se generan todos los certificados del servidor.

[.!5"B:"-91-!7(5+!-5!*)-()!.+5!*-)1">"*(,+5!7()(!:9!*."-91-%![51-!7(5+!5-!1-9,)Z!_:-! Y(*-)!7()(!*(,(!*."-91-!(.!_:-!5-!.-!_:"-)(!*)-()!:9!*-)1">"*(,+%! > cd “\Program Files\OpenVPN” # Se debe usar la ruta donde se haya instalado OpenVPN > build-key.bat etcgclient1 # Se aceptan los valores por defecto, excepto ‘Common Name’, # donde se ha usado, en este caso, usa etcgclient1 # Además, cuando pregunta por el password, se puede introducir uno, que tendrá # que usar el cliente cuando establezca conexión. # Se guardan los ficheros ‘ca.crt’, ‘ovpn_etcgclient1.key’, ‘ovpn_etcgclient1.crt’ # Que se usarán para la configuración del cliente

^9(! #-X! *)-(,+5! .+5! *-)1">"*(,+56! 5-! *+9-*1(! *+9! .(! *+95+.(! F-3! ,-! (,4"9"51)(*"89! ,-! 7>G-95-! 0! (..C! 5-! (**-,-! (! dW/Pf! &u! d<7-9W/Pf6! 5-.-**"+9(9,+! .(5!5"B:"-91-5!+7*"+9-5a! • • •

!

/)+1+*+.a!^M/! `+*(.!7+)1a!$$DJ! K,,)-55!7++.a!-.!*+9=:91+!,-!,")-**"+9-5!_:-!5-!,-51"9-!(!.(!W/P6!-9!-51-! *(5+a!$?2%$D%H%Hh$U!

?D!

• • • •

`+*(.! 9-1F+)e6! .(! )-,! .+*(.! *+9! .(! _:-! 5-! "91-)*+9-*1()Z! .(! W/P6! -9! -51-! *(5+!.(!`KPa!$?2%$U%H%Hh$U%! T-4+1-!9-1F+)ea!#(*C+%! O)071+B)(7Y06! -.! (.B+)"14+! ,-! -9*)"71(*"89! _:-! 5-! _:"-)(! :5()6! -9! -51-! *(5+a!\E&O\O!N$2@!3"1Q! K:1Y-91"*(1"+9!'-1Y+,a!/yL!

O+9! -51+6! 5-! #(! (! 7)+*-,-)! (! (g(,")! .+5! *-)1">"*(,+56! _:-! 5-! -9*:-91)(9! -9! -.! ,")-*1+)"+! d*az/)+B)(4! E".-5z<7-9W/Pz-(50&)5(ze-05f! ,-.! +),-9(,+)! _:-! 5-! Y(! :5(,+!7()(!B-9-)().+5%!`+5!7(5+5!5+9a! • • • •

O+7"()! -.! *+91-9",+! *+47.-1+! ,-! d*(%*)1f! -9! -.! *:(,)+! ,-! +7*"+9-5! jOK! *-)1">"*(1-k%! O+7"()! -.! *+91-9",+! *+47.-1+! ,-! d5-)#-)%*)1f! -9! -.! *:(,)+! ,-! +7*"+9-5! jG-)#-)!*-)1">"*(1-k! O+7"()!-.!*+91-9",+!*+47.-1+!,-!d5-)#-)%e-0f!-9!-.!*:(,)+!,-!jG-)#-)!y-0k! O+7"()! -.! *+91-9",+! *+47.-1+! ,-! d,Y$H2J%7-4f! -9! -.! *:(,)+! ,-! jMI! /()(4-1-)5k!

K,-4Z56!-9!.(!7()1-!>"9(.!,-!*+9>"B:)(*"896!-9!.(5!+7*"+9-56!4()*()!.(!+7*"89!,-! j`m"B:)(*"89!,-!.(!)-,%![9!-.!*(5+!,-.!,-7()1(4-91+6!.(!7ZB"9(! ,-!*+9>"B:)(*"89!,-!<7-9W/P!5-!7:-,-!#-)!-9!.(5!>"B:)(5!MA%E"B%J;!0!MA%E"B%JJ! N5-!Y(!-."4"9(,+!.(!7()1-!,-!.+5!*-)1">"*(,+5Q%!

! -;%"#$!!CS!

!

@H!

! -;%"#$!!FU!

O+9!-51+5!7(5+5!0(!5-!1"-9-!*+9>"B:)(,(!.(!W/P6!>(.1(!*)-()!:9(!)-B.(!-9!-.!>")-F(..! _:-! (3)(! -.! 7:-)1+! $$DJ! 7()(! ,()! (**-5+! (! .(! *+9-R"89! ,-5,-! -.! -R1-)"+)%! [9! .(! >"B:)(!MA%E"B%JS!5-!#-!.(!"4(B-9!,-!.(!)-B.(6!-9!-.!*+9=:91+!,-!)-B.(5!,-!-91)(,(! ,-! cKP%! G-! Y(! -51(3.-*",+! -.! )-B"51)+! ,-! .+5! -#-91+5! ,-! -5(! )-B.(6! 7()(! 7+,-)! 4+9"1+)"X()!-.!(**-5+!7+)!W/P%! ! -;%"#$!!F&!

l(!-51Z!*+9>"B:)(,+!-.!5-)#",+)%!KY+)(!>(.1(!*)-()!:9(!*+9>"B:)(*"89!7()(!:9! *."-91-%!/()(!-..+6!5-!,-3-!"951(.()!<7-9W/P!-9!:9!*."-91-!N*+4+!7+)!-=-47.+6!-.! _:-!5-!Y(!:5(,+!7()(!B-9-)()!.+5!*-)1">"*(,+5Q!0!7+9-)!-9!.(!*()7-1(!dd*az/)+B)(4! E".-5z<7-9W/Pz*+9>"Bf!1+,+5!.+5!>"*Y-)+5!(91-5!B:(),(,+5!Nd*(%*)1f6! d+#79i-1*B*."-91$%e-0f6!d+#79i-1*B*."-91$%*)1fQ%!K,-4Z5!5-!*)-()Z!:9+6!..(4(,+! d+#79i-1*B*."-91$%+#79f6!_:-!*+91-9B(!.(5!5"B:"-91-5!.C9-(5a! client dev tun proto udp remote 1194 ping 10 resolv-retry infinite nobind persist-key persist-tun ca ca.crt cert ovpn_client1.crt key ovpn_client1.key ns-cert-type server comp-lzo pull verb 3

!

@$!

G:51"1:0-9,+!-.!#(.+)!,-!{,")-**"89i"7i-R1-)9(i,-.i>")-F(..u!7+)!.(!,")-**"89!)-(.! ,-.!>")-F(..%!O+9!-51+6!-.!*."-91-!0(!7+,)Z!(**-,-)!(!1)(#V5!,-!L91-)9-1!7+)!W/P!(.! ,-7()1(4-91+%!! G"! -9! .(! *)-(*"89! ,-.! *-)1">"*(,+! ,-! :5:()"+! 5-! Y(! 7:-51+! (.Bb9! 7(55F+),6! (.! "91-91()!*+9-*1()6!.+!5+."*"1()Z%!/()(!*+9-*1()!,-5,-!.(!-51(*"89!*."-91-6!3(51(!*+9! *."*()! *+9! -.! 3+1+9! ,-)-*Y+! -9*"4(! ,-.! "*+9+! _:-! <7-9W/P! "951(.(! (.! .(,+! ,-.! )-.+=! ,-! c"9,+F5! 0! 5-.-**"+9()! dO+99-*1f6! .+! _:-! Y()Z! _:-! -.! 5"51-4(! *+9-*1-! 0! (9:9*"-! .(! L/! (5+*"(,(! (! .(! *+9-R"89! W/P6! ! *+4+! 5-! 7:-,-! #-)! -9! .(! >"B:)(! MA%E"B%JU%!

! -;%"#$!!F.!

O+9!-51+6!5-!1"-9-!(**-5+!#"(!W/P!(!.(!)-,!`KP!,-.!>")-F(..%!/-)+!B-9-)(.4-91-!.+5! 5-)#"*"+5! 9+! -51Z9! (.+=(,+5! (..C6! (5C! _:-! 5-! 7:-,-9! 7+9-)! +7*"+9-5! ,-! *+9>"B:)(*"896!(!9"#-.!,-!*."-91-!W/P6!_:-!7-)4"1(9!-.!(**-5+!(!.+5!5-)#"*"+5%!! /()(!-..+6!,-5,-!.(!*+95+.(!F-3!,-!(,4"9"51)(*"89!,-!7>G-95-6!-9!-.!(7()1(,+!,-! <7-9W/P! 5-! (**-,-! (! .(! 7-51(g(! dO."-91! G7-*">"*! O+9>"B:)(1"+9f! 0! 5-! *)-(! :9(! -91)(,(! ",-91">"*(,(! *+9! -.! #(.+)! ,-! dO+44+9! 9(4-f! _:-! 5-! ,"+! -9! .(! *+9>"B:)(*"89!,-.!*-)1">"*(,+!,-.!*."-91-%!K..C6!-9!-.!(7()1(,+!d<71"+95f6!5-!.-!7(5(! .(5! +7*"+9-5! _:-! 5-! _:"-)(9! (7."*()%! [9! -51-! *(5+! 5-! 1)(1(! ,-.! (**-5+! (! .(5! +1)(5! )-,-56!*+9!.+!_:-!5-!7+9,)Z!.+!5"B:"-91-a! push “route 172.18.0.0 255.255.0.0”; push “route 172.16.0.0 255.255.0.0”

! O+9!-51+!0(!5-!1"-9-!7.-9(4-91-!+7-)(1"#+!:9!5"51-4(!,-!dT+(,F())"+)f!#C(!W/P! 7()(!:5+5!(,4"9"51)(1"#+56!*+9!(**-5+!(!1+,(5!.(5!5:3)-,-5!,-.!,-7()1(4-91+%! \S=-=NC<=%(7.J*/30,6*>.%2!1%#*#"!+,%2!%2!"!66*>.%2!%*."03#7#%^)[@8S_% [.! 5"B:"-91-! ,+*:4-91+! ,-5*)"3-! .+5! 7(5+5! 9-*-5()"+5! 7()(! "47.-4-91()! :9! 5"51-4(!,-!,-1-**"89!,-!"91):5+5!NLMGQ!(*1"#+!-9!7>G-95-%![.!LMG!_:-!5-!:5()Z!-5! GP-)-91-!,-!5:!*(1-B+)C(%! `+5!)-_:"5"1+5!7()(!7+,-)!"47.-4-91()!G9+)1!-5!1-9-)!-.!>")-F(..!*+9>"B:)(,+!*+9! .(!*+9-*1"#",(,!0!.(5!)-B.(56!1(.!0!*+4+!5-!,-5*)"3-!-9!-.!,+*:4-91+!MA%L%H;%! />G-95-!9+!1)(-!GP
!

@2!

>"B:)(! MA%E"B%J?%! \(51(! *+9! *."*()! -9! -.! 3+1+9! dvf! _:-! 1"-9-! (.! .(,+! 7()(! _:-! 5-! )-(."*-!.(!"951(.(*"89!(:1+4Z1"*(4-91-%!

! -;%"#$!!FC!

^9(! #-X! "951(.(,+6! 5-! 7:-,-! (**-,-)! (! .(! *+9>"B:)(*"89! (! 1)(#V5! ,-.! 4-9b! dG-)#"*-5f! &u! dG9+)1f%! [9! .(! 7-51(g(! dG-11"9B5f! 5-! *+9>"B:)(9! .+5! 7()Z4-1)+5! ,-! GP(X!_:-!:5()Z!N.(!-R1-)9(6! cKPQ6! -.! *8,"B+! 7()(! ,-5*()B()! .(5! )-B.(5! NY(0! _:-! )-B"51)()5-! 7)-#"(4-91-! -9! 59+)1%+)BQ!0!-.!*+47+)1(4"-91+!_:-!1-9,)Z%!! [91)-!.(5!+7*"+9-56!.(!4Z5!"47+)1(91-!-5!d\.+*e!<>>-9,-)5f%!I(3"."1(,(!3.+_:-()Z! (:1+4Z1"*(4-91-!,:)(91-!$!Y+)(!1+,+5!.+5!-_:"7+5!_:-!B-9-)-9!(.B:9(!(.()4(%! `(5! +7*"+9-5! *+9>"B:)(,(5! -9! -.! ,-7()1(4-91+! 5-! 7:-,-9! #-)! -9! .(! >"B:)(! EA%E"B%J@%!

! -;%"#$!!FF!

[9!.(!7-51(g(!d^7,(1-!T:.-5f6!5-!7:-,-!>+)X()!(!G9+)1!(!_:-!(*1:(."*-!-.!."51(,+!,-! )-B.(56! _:-! 7+)! ,->-*1+! 5-! )-(."X(! *(,(! 5-4(9(%! `(! 7-51(g(! dO(1-B+)"-5f! 7-)4"1-! ,->"9")! _:-! )-B.(5! ,-! GP(.5+5!7+5"1"#+5!N-5!4:0!7-."B)+5+!5"!5-!3.+_:-(9!.+5! -_:"7+5!_:-!B-9-)-9!(.-)1(5Q%!! [9! .(! >"B:)(! MA%E"B%JD! 5-! 7:-,-9! #-)! .(5! _:-! Y(0! (*1:(.4-91-! Y(3"."1(,(5! -9! -.! ,-7()1(4-91+6!_:-!3Z5"*(4-91-!5-!1)(1(!,-!.(5!,-!1)Z>"*+!/2/6!!.(5!,-!-5*(9-+5!,-! 4Z_:"9(5!0!(1(_:-5!*+9+*",+5%!

!

@;!

! -;%"#$!!FH!

`(!7-51(g(!d\.+*e-,f!4:-51)(!.+5!-_:"7+5!_:-!-51Z9!3.+_:-(,+5!-9!-.!4+4-91+! ,-!.(!*+95:.1(6!7+)!Y(3-)!B-9-)(,+!(.B:9(!(.-)1(6!*+4+!5-!7:-,-!#-)!-9!.(!>"B:)(! MA%E"B%SH%!

! -;%"#$!!FK!

l!7+)!b.1"4+6!-9!.(!7-51(g(!dK.-)15f6!(7()-*-9!.(5!(.-)1(5!B-9-)(,(5%!A(43"-9!5-! B:(),(9!-9!-.!)-B"51)+!,-!-#-91+5!,-.!5"51-4(6!*+9!.+!_:-!5-!7:-,-!4+9"1+)"X()!

!

@J!

,-!>+)4(!-R1-)9(%![9!.(!>"B:)(!MA%E"B%S$!5-!7:-,-!#-)!:9!-R1)(*1+!,-!.(!#-91(9(! ,-!(.-)1(5%!

! -;%"#$!!FO!

O+9! -51+6! 0(! -51Z! *+9>"B:)(,+! -.! 5"51-4(! ,-! ,-1-**"89! ,-! "91):5+5%! G-! 7:-,-! ->-*1:()! ,-! 4(9-)(! _:-! 5-(! (*1"#+! (91-! 7+5"3.-5! (1(_:-56! +! _:-! 5"47.-4-91-! B-9-)-!(.-)1(5%! \S=-=Na<=%Q7.*"70*b,6*>.%2!%1,%*.J0,!#"036"30,%^#4#17/R%.,/*7#%4%."79_% [9! -51-! ,+*:4-91+! 5-! ,-5*)"3-9! .+5! 7(5+5! )-(."X(,+5! 7()(! "47.-4-91()! -.! 5"51-4(!,-!4+9"1+)"X(*"89!,-!.(!"9>)(-51):*1:)(%!G-!,-5*+47+9-!-9!;!7()1-5a! • • •

[.!)-B"51)+!,-!-#-91+5!*-91)(."X(,+6!,+9,-!7>G-95-!-9#C(!5:5!d.+B5f%! L91-B)(*"89! ,-.! >")-F(..! *+9! -.! 4+9"1+)! ,-! 5-)#"*"+5! "47.-4-91(,+! -9! -.! ,-7()1(4-91+!*+9!dP(B"+5f%! L47.-4-91(*"89!,-!:9!4+9"1+)!,-!)-,!_:-!7-)4"1(!)-B"51)()!-.!1)Z>"*+!,-! .(5!4Z_:"9(5!,-.!,-7()1(4-91+%!

[9! *:Z91+! (.! )-B"51)+! ,-! -#-91+56! 7>G-95-! :1"."X(! -.! 5"51-4(! -51Z9,()6! ..(4(,+! d505.+Bf! 7()(! B:(),()! 5:5! -#-91+5%! dG05.+Bf! 7-)4"1-! B:(),()! .+5! -#-91+5! -9! >"*Y-)+5! .+*(.-56! +! -9#"().+5! (! 1)(#V5! ,-! )-,! (! :9! 5-)#",+)! ,-! dG05.+B&P]f6! 7()(! B-51"+9()5-!(..C!,-!4(9-)(!*-91)(."X(,(%! [9! -.! ,-7()1(4-91+! 5-! ,"7+9-! ,-! :9! 5-)#",+)! `"9:R! N^3:91:! G-)#-)Q! ,-,"*(,+! 7()(! .(5! 1()-(5! ,-! 4+9"1+)"X(*"89! 0! )-B"51)+%! K..C! 5-! -9#C(9! .+5! )-B"51)+5! ,-! .+5! +1)+5!5-)#",+)-5!0!,-5,-!(..C!5-!4+9"1+)"X(9!.+5!5-)#"*"+5!,-.!,-7()1(4-91+%!! [.!>:9*"+9(4"-91+!-5!5-9*"..+6!-9!-.!>")-F(..!5-!.-!"9,"*(!_:-!-9#"-!1+,+5!.+5!d.+B5f! (! .(! ,")-**"89! ,-.! 5-)#",+)! ,-! )-B"51)+! 0! (..C! 5-! *+9>"B:)(! -.! 5-)#"*"+! dG05.+B&P]f! 7()(!_:-!.+!1)(1-!,-3",(4-91-%! O+4+! -9! -.! )-51+! ,-! 5-)#"*"+56! 5-! Y(! *)-(,+! :9(! *+9>"B:)(*"89! 7()(! _:-! B:(),-! 1+,+5!.+5!)-B"51)+5!,-!:9!4-5!-9!:9!,")-*1+)"+!N*+9!-.!>+)4(1+!(g+4-56!((((446! !

@S!

7+)! -=-47.+! 2HH@HSQ! 0! (..C! *)--! >"*Y-)+5! 7+)! ,C(%! K5C! 5-! >(*"."1(! 4:*Y+! .(! 3b5_:-,(%! `(! *+9>"B:)(*"89! ,-! d505.+B&9Bf! 7()(! )-*"3")! -5+5! )-B"51)+5! 0! 1)(1().+5! ,-3",(4-91-!-5!.(!5"B:"-91-%! source pf-s { udp(port(514)); }; destination destination destination destination destination destination destination destination destination destination destination destination filter filter filter filter filter filter filter filter filter filter filter filter filter log log log log log log log log log log log log

{ { { { { { { { { { { {

pf-d_kern { file("/var/log/fwetcg1/$YEAR$MOTNH/$YEAR$MONTH$DAYkernel"); }; pf-d_mesg { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYmessages"); }; pf-d_auth { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYsecure"); }; pf-d_mail { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYmaillog"); }; pf-d_uucp { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYspooler"); }; pf-d_boot { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYboot.log"); }; pf-d_emerg { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYemerg.log"); }; pf-d_sshd { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYsshd.log"); }; pf-d_pptpd { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYpptpd.log"); }; pf-d_daemon { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYdaemon.log"); }; pf-d_firewall { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYfirewall.log"); }; pf-d_snort { file("/var/log/fwetcg1/$YEAR$MONTH/$YEAR$MONTH$DAYsnort.log"); };

pf-f_kern { facility(kern); }; pf-f_mesg { level(info) and not facility(mail,authpriv,kern,local7); }; pf-f_auth { facility(authpriv); }; pf-f_mail { facility(mail); }; pf-f_uucp { facility(uucp); }; pf-f_boot { facility(local7); }; pf-f_emerg { level(emerg); }; pf-f_sshd { program("sshd"); }; pf-f_pptpd { match("pptpd"); }; pf-f_daemon { facility(daemon); }; pf-f_firewall { level(debug); }; f_local { facility(local0, local1, local2, local3, local4, local5, local6, local7); }; f_local3 { facility(local3); }; source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s); source(pf-s);

filter(pf-f_kern); destination(pf-d_kern); }; filter(pf-f_mesg); destination(pf-d_mesg); }; filter(pf-f_auth); destination(pf-d_auth); }; filter(pf-f_mail); destination(pf-d_mail); }; filter(pf-f_uucp); destination(pf-d_uucp); }; filter(pf-f_boot); destination(pf-d_boot); }; filter(pf-f_emerg); destination(pf-d_emerg); }; filter(pf-f_sshd); destination(pf-d_sshd); }; filter(pf-f_pptpd); destination(pf-d_pptpd); }; filter(pf-f_daemon); destination(pf-d_daemon); }; filter(pf-f_firewall); destination(pf-d_firewall); }; filter(f_local); destination(pf-d_snort); };

! ! `(! *+9>"B:)(*"89! -9! .(! *+95+.(! F-3! ,-! 7>G-95-6! -.! -9! 4-9b! dG1(1:5f! &u! dG051-4! `+B5f!-9!.(!7-51(g(!dG-11"9B5f6!5-!7:-,-!#-)!-9!.(!>"B:)(!MA%E"B%S2%!

! -;%"#$!!FQ!

[9!.(!"4(B-9!MA%E"B%S;!5-!7:-,-!#-)!:9(!*(71:)(!,-!7(91(..(!,-!.+5!,+*:4-91+5! B-9-)(,+5!-9!4(0+!,-!2HH@%!

!

@U!

! -;%"#$!!FS!

/()(! 1)(1()! -51+5! >"*Y-)+56! 5-! 7:-,-9! :5()! (.B:9+5! 7)+B)(4(5! _:-! .+5! >".1)(9! 0! *)-(9!-51(,C51"*(56!7-)+!7()(!-9*+91)()!*+5(5!-5!4Z5!*84+,+!-.!:5+!,-!*+4(9,+5! ^9"Rh`"9:R6! *+4+! B)-76! -B)-76! *(16! -1*%! [9! .(! >"B:)(! MA%E"B%SJ! 5-! 7:-,-! #-)! :9(! *+95:.1(!,-!.(5!b.1"4(5!*+9-R"+9-5!)-B"51)(,(5!(.!5-)#",+)!F-3!,-.!,-7()1(4-91+! N$?2%$@%2%$@$6!7:-51+!@HQ%!

! -;%"#$!!HU!

'-,"(91-! -51(! 1V*9"*(! 5-! 7:-,-9! )-#"5()! 1+,+5! .+5! -#-91+5! B-9-)(,+5! 7+)! .(5! )-B.(5!-9!.(5!_:-!5-!Y(0(!5-.-**"+9(,+!.(!+7*"89!,-!)-B"51)+%! `(! 5-B:9,(! >(5-! ,-! .(! 4+9"1+)"X(*"89! 1)(1(! .(! "91-B)(*"89! ,-! 7>G-95-! *+9! -.! 4+9"1+)!,-!5-)#"*"+5!,-.!,-7()1(4-91+6!:9!5"51-4(!"47.-4-91(,+!*+9!dP(B"+5f%!! />G-95-!9+!,"57+9-!,-!9"9Bb9!*."-91-!,-!4+9"1+)"X(*"89!,-!5"51-4(5!*+47(1"3.-! *+9!P(B"+56!(5C!_:-!.(!"91-B)(*"89!*+9!-.!5"51-4(!-5!4:0!3Z5"*(%!P(B"+5!7-)4"1-! *+4:9"*()5-! *+9! *:(._:"-)! 4Z_:"9(! ^9"Rh`"9:R! 0! #-)! .(! *()B(! ,-! O/^! ,-.! 5"51-4(! 0! .(! *(91",(,! ,-! :5:()"+5! _:-! -51Z9! -9! -5-! 4+4-91+! 1)(3(=(9,+%! [51+!

!

@?!

..-#(!"47.C*"1+!-.!Y-*Y+!,-!_:-!5-!7:-,(!5(3-)!5"!-.!5"51-4(!-51Z!-9*-9,",+!0!-9! *(5+!,-!_:-!9+!Y(0(!*+9-R"896!_:-!5(.1-!:9(!(.-)1(%! K5C6! -.! >"*Y-)+! ,-! *+9>"B:)(*"89! ,-! P(B"+56! -9! .(! 7()1-! ,-! .(! *+9-R"89! *+9! -.! >")-F(..6!-5!.(!5"B:"-91-a! !

define host{ use host_name alias address }

generic-host fwetcg1 fwetcg1 172.18.0.1

; Name of host template to use

define service{ use host_name service_description check_command }

generic-service fwetcg1 Current Users check_users!20!50

define service{ use host_name service_description check_command }

generic-service ; Name of service template to use fwetcg1 Current Load check_load!5.0!4.0!3.0!10.0!6.0!4.0

; Name of service template to use

! ! [9! .(! >"B:)(! MA%E"B%SS! 5-! 7:-,-! #-)! :9(! *(71:)(! ,-! 7(91(..(! ,-! .(! *+95+.(! ,-! 4+9"1+)"X(*"89! ,-! P(B"+56! ,89,-! (7()-*-! .(! -91)(,(! )-5:.1(91-! ,-.! *8,"B+! (91-)"+)%!

! -;%"#$!!H&!

`(! b.1"4(! Y-))(4"-91(! ,-! 4+9"1+)"X(*"89! "47.-4-91(! :9! 5"51-4(! _:-! )-B"51)(! 1+,(5!.(5!*+9-R"+9-5!_:-!(1)(#"-5(9!.+5!-_:"7+5!,-!*+4:9"*(*"+9-5%!G-!:1"."X()Z! -.!5+>1F()-!d91+7f%!K:9_:-!7>G-95-!,"57+9-!,-!d91+7f!*+4+!7(_:-1-!"951(.(3.-6!5-! "951(.()Z! -9! :9(! 4Z_:"9(! -R1-)9(6! 0(! _:-! -5! :9! 5+>1F()-! _:-! *()B(! 4:*Y+! .(! 4Z_:"9(%! G-! Y(! :1"."X(,+! -.! 5-)#",+)! `"9:R! ,-! 4+9"1+)"X(*"89! N-.! 4"54+! _:-! -9! .(5! ,+5! +7*"+9-5! (91-)"+)-5Q! 7()(! -=-*:1()! d91+7f%! /()(! _:-! )-*"3(! 1+,+! -.! 1)Z>"*+6! 5-! Y(! *+9>"B:)(,+!-.!5F"1*Y!7)"9*"7(.!,-!.(!)-,!7()(!_:-!)--9#"-!N(!1)(#V5!,-!1-*9+.+B(! G/KP!,-!O"5*+Q!1+,+!-.!1)Z>"*+!,-!1+,(5!.(5!W`KP!(!:9!5+.+!7:-)1+%!K!-51-!7:-)1+! !

@@!

5-!Y(!*+9-*1(,+!:9(!,-!.(5!1()=-1(5!,-!)-,!,-.!5-)#",+)!,-!4+9"1+)"X(*"89!0!5-!Y(! (5+*"(,+!(!d91+7f%!! `(!"951(.(*"89!,-!d91+7f!3(=+!^3:91:!-5!1(9!5-9*"..(!*+4+!-5*+B-)!-.!5+>1F()-!-9! -.!*(1Z.+B+!,-!7)+B)(4(5!,"57+9"3.-5!-9!.(!,"51)"3:*"89%!l!(.!-=-*:1()5-6!5-!7:-,-! (**-,-)!(!5:!*+9>"B:)(*"89!(!1)(#V5!,-!:9(!*+95+.(!F-3!_:-!-.!7)+B)(4(!(3)-!-9! -.!7:-)1+!;HHH!,-.!5-)#",+)%! ^9(! #-X! (..C6! 5-! 5-.-**"+9(! .(! "91-)>(X! ,+9,-! 5-! *+B-)Z! 0! (9(."X()Z! -.! 1)Z>"*+! 0! -47"-X(! (! >:9*"+9()%! `(5! +7*"+9-5! ,-! 4+9"1+)"X(*"89! 5+9! 4b.1"7.-5%! `5(! >"B:)(5! MA%E"B%SU!0!MA%E"B%S?!5+9!:9+5!-=-47.+5%!

! -;%"#$!!H.!

! -;%"#$!!HC!

!

@D!

/+)! b.1"4+6! Y(0! _:-! Y(3"."1()! :9(! +7*"89! ,-! *+9>"B:)(*"89! 7()(! _:-! -.! 5"51-4(! B:(),-!,(1+5!Y"518)"*+56!_:-!7-)4"1(9!+31-9-)!B)Z>"*(5!,-!-51(,C51"*(5!,-!1)Z>"*+! 7()(!1+,(!.(!)-,6!+!:9(!,")-**"89!,-1-)4"9(,(%!/()(!-..+6!Y(0!_:-!(**-,-)!(.!4-9b! d/.:B"95f!&u!dT+:9,!T+3"9!M(1(3(5-f!&u!dO+9>"B:)-f%!! G-! ,-3-! 5-)! *(:1-.+5+6! 0(! _:-! 5"! 5-! B:(),(9! ,-4(5"(,+5! ,(1+56! 5-! 9-*-5"1(! :9! ,"5*+!,:)+!4:0!B)(9,-%![9!.(!>"B:)(!MA%E"B%S@!Y(0!:9(!*+9>"B:)(*"89!-_:"."3)(,(6! _:-!4(91"-9-!:9!:5+!*+951(91-!,-!:9+5!2H!]301-5%!

! -;%"#$!!HF!

O+9! -51+! 0(! 5-! 1"-9-! "951(.(,+! -.! 4+9"1+)! ,-! )-,! 7()(! -R1)(-)! -51(,C51"*(5! ,-! 1)Z>"*+%! /+)!b.1"4+!*+4-91()!_:-!d91+7f!-5!:9!5+>1F()-!_:-!1"-9-!:9!*+95:4+!,-!)-*:)5+5! -.-#(,+6! (5C! _:-! Y(0! _:-! 1-9-)! *:",(,+! 0! -5*+B-)! 3"-9! .(! 4Z_:"9(! -9! .(! _:-! 5-! "47.-4-91(%!

!

DH!

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b9!7()(!*(,(!5:3)-,%! K5C6!.+5!)-_:"5"1+5!7()(!"47.-4-91()!OKT/!5+9!,"57+9-)!,-!:9(!,")-**"89!L/!7+)! )-,!0!-_:"7+6!4Z5!:9(!7()(!-.!5"51-4(!OKT/%! [91+9*-56! 1+,(5! .(5! *+4:9"*(*"+9-5! 5-! ,-3-9! -9#"()! (! .(! ,")-**"89! ,-! OKT/6! ,-! 4(9-)(!_:-!*:Z9,+!9+!)-57+9,(!:9(!4Z_:"9(6!.+!Y()Z!.(!+1)(%![51+!(>-*1()Z!(!.(5! *+9>"B:)(*"+9-5! -51Z1"*(5! ,-! .(5! 4Z_:"9(5! N5"! -5! _:-! Y(0Q! 0! -57-*"(.4-91-! (.! 5-)#",+)! MIO/%! `(! 1+7+.+BC(! *+9! OKT/! "47.-4-91(,(! -9! -.! ,-7()1(4-91+6! *+9! .(5!,")-**"+9-5!,-!)-,!"9,"*(,(56!5-!7:-,-9!#-)!-9!.(!>"B:)(!MA%E"B%SD%!

! -;%"#$!!HH!

[9!.(!5"B:"-91-!1(3.(!5-!,-1(..(!.(!(5"B9(*"89!,-!,")-**"+9-5!L/!7()(!*(,(!"91-)>(Xa! T-,! cKP! `KP! c`KP! M'm! G[OT! GlPO!

!

W`KP! S$! $! J! SH! ;H! 2H!

M")%!)-,! $J?%@;%S$%Hh2J! $?2%$U%H%Hh$U! $D2%$U@%$H$%Hh2J! $?2%$@%H%Hh$U! $J?%@;%$?J%$S2h2@! $J?%@;%UD%Hh2J!

L/!OKT/! $J?%@;%S$%2! $?2%$U%H%$! $D2%$U@%$H$%$! $?2%$@%H%$! $J?%@;%$?J%$S;! 9,!

L91!Ec$! -4H! -4$! 3*-H! -42! -4;%#.(9;H! -4;%#.(92H!

D$!

L/!Ec$! $J?%@;%S$%$HH! $?2%$U%$%$! $D2%$U@%$H$%$! $?2%$@%H%$! $J?%@;%$?J%$SJ! $D2%$U@%UD%$!

L91!Ec2! -4H! -4$! -42%#.(9J! -42%#.(9SH! -42%#.(9;H! -42%#.(92H!

L/!Ec2! $J?%@;%S$%2SH! $?2%$U%$%2! $D2%$U@%$H$%2! $?2%$@%H%2! $J?%@;%$?J%$S?! $D2%$U@%UD%2!

[9!-51-!,+*:4-91+!5-!"9,"*(9!.+5!7(5+5!7()(!"47.-4-91()!OKT/!*+9!,+5!9+,+56! 5-Bb9! .(! 1+7+.+BC(! "9,"*(,(%! [.! Y-*Y+! ,-! "47.-4-91()! 4Z5! 9+,+5! -5! 5-B:")! .+5! 4"54+5!7(5+5%!! /()(! -47-X()! (! 1)(3(=()! 5-! ,-3-! 1-9-)! :9! >")-F(..! 1+1(.4-91-! +7-)(*"+9(.! N.+! ..(4()-4+5! >F-1*B$Q! 0! +1)+! N>F-1*B2Q! *+9! *+9-*1"#",(,! 7.-9(! N*+9! .(5! ,")-**"+9-5! ,-! .(! 1(3.(! (5"B9(,(5! 0! Y(3"-9,+! *+47)+3(,+! .(! *+9-*1"#",(,Q%! K,-4Z56! 5-! ,-3-! (g(,")! :9(! 5:3)-,! NGlPOQ! -9! -.! _:-! 1(43"V9! 5-! 1-9B(! *+9-*1"#",(,!-91)-!(43(5!4Z_:"9(5%! [.!7)"4-)!7(5+!(!)-(."X()!-5!,->"9")!.(5!,")-**"+9-5!,-!OKT/%!/()(!-..+!(**-,-4+5! (! .(! *+95+.(! ,-! >F-1*B6! -9! -.! 4-9b! dE")-F(..f! &u! dW")1:(.! L/f%! K..C! *)-(4+5! :9(! 9:-#(!-91)(,(6!7+)!-=-47.+6!7()(!.(!)-,!`KP%![9!.(!>"B:)(!MA%E"B%UH!5-!7:-,-9!#-)! .(5!+7*"+9-5!,-!*+9>"B:)(*"89a!

! -;%"#$!!HK!

M-!.(5!+7*"+9-5!Y(0!_:-!,-51(*()!-.!7(55F+),6!_:-!5-)Z!-.!_:-!:5-4+5!7()(!1+,(! .(! "9>)(-51):*1:)(! OKT/6! -.! B):7+! _:-! 5-! .-! (5"B9()Z! N.(5! *+4:9"*(*"+9-5! -91)-! 9+,+5!5-!Y(*-9!7+)!B):7+5Q!0!.(!>)-*:-9*"(!*+9!.(!_:-!5-!(9:9*"()Z9!.(5!+7*"+9-5! N-9!-.!*(5+!,-!4(51-)6!,-3-!5-)!HQ%! M-!.(!4"54(!>+)4(!_:-!5-!Y(!*)-(,+!7()(!.(!`KP6!5-!,-3-9!*)-()!.(5!,")-**"+9-5! OKT/!7()(!1+,(5!.(5!)-,-5!N-R*-71+!7()(!GlPOQ6!*+4+!5-!7:-,-!#-)!-9!.(!>"B:)(! MA%E"B%U$%!

! -;%"#$!!HO!

[.! )-51+! ,-! L/! #")1:(.-5! _:-! Y(0(9! ,->"9",(56! 1(43"V9! 5-! ,-3-9! ,->"9")! *+4+! OKT/6!*+47()1"-9,+!-.!4"54+!B):7+%! [.! 5"B:"-91-! 7(5+! -5! *+9>"B:)()! .(5! +7*"+9-5! ,-! OKT/! -9! -.! 9+,+! >F-1*B$%! /()(! -..+6!5-!(**-,-!(!.(!7-51(g(!dOKT/!G-11"9B5f!,-91)+!,-.!4"54+!4-9b!-9!-.!_:-!5-! Y(9!,->"9",+!.(5!,")-**"+9-5%!

!

D2!

K..C! 5-! Y(3"."1(! .(! 5"9*)+9"X(*"89! 0! 5-! 4()*(9! .(5! +7*"+9-5! _:-! 5-! Y(9! ,-! 1)(95"4"1")! (! 1)(#V5! ,-! OKT/%! K,-4Z56! 5-! "9,"*(9! .+5! ,(1+5! ,-.! 5-)#",+)! ,-! ,-51"9+6!>F-1*B26!_:-!(*1:()Z!*+4+!*+7"(%!`(5!+7*"+9-5!"9,"*(,(5!5-!7:-,-9!#-)! -9!.(!>"B:)(!MA%E"B%U2%!`(!*+91)(5-g(!_:-!7",-!-5!.(!*+91)(5-g(!,-!(,4"9"51)(*"89! ,-.!5"51-4(!)-4+1+%!G-!)-*+4"-9,(!_:-!5-(!.(!4"54(!_:-!-9!-.!5"51-4(!.+*(.%!

! -;%"#$!!HQ!

/()(!#-)">"*()!_:-!1+,(5!.(5!+7*"+9-5!-51Z9!*+9>"B:)(,(5!,-!4(9-)(!*+))-*1(!5-! ,-3-! (**-,-)6! ,-5,-! .(! *+95+.(! F-3! ,-! >F-1*B$6! (.! 4-9b! dG1(1:5f! qu! dOKT/! N>(".+#-)Qf%! K..C! ,-3-9! ,-! (7()-*-)! 1+,(5! .(5! "91-)>"*"-5! ,-! OKT/! 4()*(,(5! *+4+! d'KGA[Tf6!*+4+!5-!#-!-9!.(!>"B:)(!MA%E"B%U;%!

!

D;!

! -;%"#$!!HS!

^9(!#-X!)-(."X(,+5!-51+5!(=:51-56!5-!#(!(!7)+*-,-)!(!*+9>"B:)()!-.!5-B:9,+!9+,+6! >F-1*B2%! [5! 5-9*"..+6! ,-5,-! .(! *+95+.(! F-3! ,-! (,4"9"51)(*"89! 5-! (**-,-! (! dE")-F(..f!&u!dW")1:(.!L/f!!0!(..C!(!.(!7-51(g(!dOKT/!G-11"9B5f%!K..C!3(51(!*+9!Y(3"."1()! OKT/! 0! 5-.-**"+9()! .(! )-,! ,-! 5"9*)+9"X(*"89! 7()(! _:-! -.! 5"51-4(! -47"-*-! (! >:9*"+9()%! /()(! #-)">"*().+6! 5-! 7:-,-! (**-,-)! (.! 4-9b! dG1(1:5f! ,-! >F-1*B2! 0! 5-! #-)Z!*+4+!.(5!"91-)>C*"-5!OKT/!-51Z9!-9!4+,+!d\(*e:7f6!*+4+!5-!7:-,-!#-)!-9!.(! >"B:)(!MA%E"B%UJ%!

! -;%"#$!!KU!

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dE(".+#-)! 7--)! L/f%! [9! .(! >"B:)(! MA%E"B%US! 5-! 7:-,-! #-)! .(! *+9>"B:)(*"89! ,-.! MIO/! -9! >F-1*B2!7()(!.(!)-,!`KP%! `(5!+7*"+9-5!,-!MIO/!9+!5-!5"9*)+9"X(9!-91)-!.+5!9+,+5%![51+!9+!-5!,-4(5"(,+! 7)+3.-4Z1"*+! 5"! 9+! 5-! :5(9! )-5-)#(5! 7+)! ,")-**"89! 'KO%! G"! 5-! :5(96! 5-! 7:-,-! :1"."X()! .(! Y-))(4"-91(! 3(*e:7! 7()(! Y(*-)! :9(! *+7"(! ,-.! ,Y*7! ,-! >F-1*B$! 0! )-51(:)().(!-9!>F-1*B26!7()(!,-57:V5!Y(*-)!.(!4+,">"*(*"89!,-!d>(".+#-)!7--)!"7f%!! /+)! b.1"4+6! .(! W/P! 1(47+*+! 5-! *+4:9"*(! (! 1)(#V5! ,-! OKT/6! (5C! _:-! 5-! 7:-,-! Y(*-)!.(!*+9>"B:)(*"89!(!4(9+!-9!-.!5-B:9,+!9+,+!N-5!4-9+5!*+51+5+!_:-!MIO/Q! +!:1"."X()!1(43"-9!-.!5"51-4(!,-!3(*e:7!4Z5!)-51(:)(*"89%!

!

DJ!

! -;%"#$!!K&!

[9! -51-! 7:91+! 0(! 5-! ,"57+9-! ,-! :9! 5"51-4(! 1+1(.4-91-! )-,:9,(91-6! 3(51(! *+9! *:",()! _:-! .(5! ,+5! 4Z_:"9(5! -51V9! -9! .:B()-5! ,"51"91+5! 0! *+9! *+9-R"+9-5! -.V*1)"*(5! (! .C9-(5! ,">-)-91-5! 7()(! 1-9-)! :9(! ->"*"-9*"(! 4ZR"4(! (91-! 7+5"3.-5! 7)+3.-4(5!-R1-)9+5%!

\763+!."7#%"M6.*67#%2!1%91,.%2!%67."*./!.6*,%

[9!*(5+!,-!:9!-))+)!-9!-.!5"51-4(6!,-1-*1(,+!7+)!:9(!>(.1(!,-!*+9-*1"#",(,!*+9!-.! -R1-)"+)! +! *+9! -.! 7)+7"+! >")-F(..6! Y(0! _:-! 5-B:")! :9(! -51)(1-B"(! ,->"9",(! -9! :9! ,"(B)(4(! _:-! 5-! 7:-,-! #-)! (! *+91"9:(*"89%! [51-! ,"(B)(4(! .+! 7:-,-! 5-B:")! *:(._:"-)! 7-)5+9(! *+9! :9+5! *+9+*"4"-91+5! 3Z5"*+5! ,-! "9>+)4Z1"*(! -! "9>)(-51):*1:)(5%! [51-!,+*:4-91+6!=:91+!*+9!.+5!,+*:4-91+5!,-!(*1:(*"896!#(!(*+47(g(,+!,-!:9(! 4-4+)"(!^G\6!+3=-1+!9-*-5()"+!7()(!.(!)-5+.:*"89!,-!.+5!7)+3.-4(5%!

!

DS!

Funcionamiento Correcto

SI

¿Hay conectividad?

NO

Verificar corriente en sala D2P0

¿Hay corriente?

Corriente recuperada

SI

NO

Verificar Diferenciales Eléctricos

¿Recuperados diferenciales?

NO

Avisar Conserje y/o Mantenimiento

SI

Verificar corriente en sala D2P1

¿Hay corriente?

Corriente recuperada

SI

NO

Verificar Diferenciales Eléctricos

NO

Encender fwetcg1 y esperar 5 min

NO

Encender fwetcg2 y esperar 5 min

¿Recuperados diferenciales?

NO

Avisar Conserje y/o Mantenimiento

SI

¿fwetcg1 encendido?

SI Revisar Conexionado fwetcg1. Documento DT.PC.01

SI

¿Hay conectividad?

NO

¿fwetcg2 encendido?

SI Revisar Conexionado fwetcg2. Documento DT.PC.02

SI

¿Hay conectividad?

NO Proceso de recuperación de fwetcg1. Documento DT.PC.03

SI

¿Hay conectividad?

NO Proceso de recuperación de fwetcg2. Documento DT.PC.04

SI

¿Hay conectividad?

NO Proceso de recuperación alternativo. Documento DT.PC.05

! !

!

DU!

! \S='(=N;<=%8!B*#,0%(7.!L*7.,27%2!%JU!"6/N;% [.! -_:"7+! -1"_:-1(,+! *+4+! >F-1*BH$6! :3"*(,+! -9! .(! 5(.(! $H$! ,-.! -,">"*"+! M26! 5-! *+9-*1(! (! .(! )-,! (! 1)(#V5! ,-! S! *(3.-56! _:-! -51Z9! -1"_:-1(,+5! (! (43+5! -R1)-4+56! 7+)!:9!.(,+!*+9!.+!9b4-)+5!,-!",-91">"*(*"89!,-!.(!)+5-1(!,-!.(!7()-,!0!,-.!-_:"7+! ,-!*+4:9"*(*"+9-5!:3"*(,+!-9!.(!-51(91-)C(!0!7+)!+1)+6!-9!.(5!3+*(5!1)(5-)(5!,-.! -_:"7+6!_:-!-51Z9!",-91">"*(,(5%!! `(! -1"_:-1(! ,-! *(,(! 3+*(! ",-91">"*(! ,89,-! 5-! ,-3-! *+9-*1()%! [9! .(5! 5"B:"-91-5! >"B:)(5! 5-! #-! .(! 7()1-! 1)(5-)(! ,-.! -_:"7+6! ,+9,-! 5-! (7)-*"(9! .(5! *+9-R"+9-5! 0! .(! *(=(! ,-! )+5-1(5! ,-! .(! 7()-,%! [.! 7)+*-,"4"-91+! (! 5-B:")! 7()(! #-)">"*()! .(5! *+9-R"+9-5!-.!5"B:"-91-a! !

! -;%"#$!!K.'%!:28?/!?826/82!*I/?+$&!

$% G-!,-3-!#-)">"*()!1+,+!-.!*+9-R"+9(,+!,-!)-,6!5-Bb9!.(!5"B:"-91-!1(3.(! N>F-1*B$!q!O(=(!,-!*+9-R"+9-5Qa! ! ! !! -4H!!&u!H$%$S%$J!!! ! -4$!!&u!H$%$S%$S! -42!!&u!!H$%$S%$U! -4;!!&u!!H$%$S%$?! ]3$!!&u!!H$%$S%$@! ]32!!&u!!H$%$S%$D! ! 2% G-! ,-3-! #-)">"*()! -.! *+9-R"+9(,+! -.V*1)"*+6! ,-! 4(9-)(! _:-! :9(! ,-! .(5! >:-91-5!,-!(."4-91(*"89!-51V!*+9-*1(,(!(.! -9*Y:>-! ,-! .(! 7()-,! 0! .(! +1)(6! (.! *(3.-! -1"_:-1(,+!*+4+!GKL! ;% G-! ,-3-! #-)">"*()! _:-! .+5! *(3.-5! ,-! 7(91(..(!0!^G\!-51V9!1(43"V9!*+9-*1(,+5%! G-!1)(1(!,-!.+5!*(3.-5!-1"_:-1(,+5!*+9!:9! $H!0!7+)!-.!+1)+!.(,+6!5-!,-3-!*+47)+3()! _:-!-51V9!*+9-*1(,+5!(.!*+94:1(,+)%! %

-;%"#$!!KC'%!12a2!+,>/A#,>/6!-.&U&!

!

D?!

\S='(=N?<=%8!B*#,0%(7.!L*7.,27%2!%JU!"6/N?% [.! -_:"7+! -1"_:-1(,+! *+4+! >F-1*BH2! 5-! :3"*(! -9! .(! 5(.(! HH$! ,-.! -,">"*"+! M2%! G-! *+9-*1(! (! .(! )-,! (! 1)(#V5! ,-! ;! *(3.-56! :9+! ,-! -..+5! ,")-*1(4-91-! (.! ()4()"+! ,-! *+4:9"*(*"+9-5! 0! +1)+5! ,+5! (.! -_:"7+! "951(.(,+! ,")-*1(4-91-! -9! .(! -51(91-)C(%! `(5!-1"_:-1(5!-9!(43+5!-R1)-4+5!,-!.+5!*(3.-5!",-91">"*(9!.(5!*+9-R"+9-5%! [9! .(5! 5"B:"-91-5! >"B:)(5! 5-! #-! .(! 7()1-! 1)(5-)(! ,-.! -_:"7+! 0! .+5! -_:"7+5! ,-! *+4:9"*(*"+9-5!,+9,-!,-3-9!")!*+9-*1(,+5!.+5!+1)+5!-R1)-4+5!,-!.+5!*(3.-5%! !

! -;%"#$!!KH'%!1,>/A#,>/6!28328#,!

! -;%"#$!!KK'%!1,>/A#,>/6!/6?2>?/8#2!

-;%"#$!!KF'%!:28?/!?826/82!*I/?+$.!

! [.!7)+*-,"4"-91+!(!5-B:")!-5!-.!5"B:"-91-a! $% G-!,-3-!#-)">"*()!-.!*+9-R"+9(,+!,-!)-,!5-Bb9!.(!5"B:"-91-!1(3.(!N>F-1*B2!q! -_:"7+5!,-!*+4:9"*(*"+9-5Qa! !!!!!$!&u!5F-1*HS%$R! !!!!!2!&u!5F-1*2D?H%UR! !!!!!;!&u!5F-1*HS%2R! 2% G-!,-3-!#-)">"*()!_:-!-.!*(3.-!,-!*+))"-91-!-51V!*+9-*1(,+!(.!-9*Y:>-!,-!.(! -51(91-)C(!0!_:-!-.!"91-)):71+)!,-.!-9*Y:>-!-51V!-9!:9*"+9(4"-91+!-9*-9,",+%! ;% G-!,-3-!#-)">"*()!-.!*(3.-!,-!7(91(..(6!-1"_:-1(,+!*+9!:9!@6!-51V!*+9-*1(,+! (!>F-1*B26!(5C!*+4+!-.!*+9-*1+)!,-!1-*.(,+!0!)(1896!*+9,">"*(,+5!*+9! *+.+)-5!*+4+!.+5!*+9-*1+)-5!-9!-.!-_:"7+%!

!

D@!

\S='(=ND<=%'076!#7%2!%0!639!0,6*>.%2!%JU!"6/N;% G"B:"-9,+! .(5! "951):**"+9-5! ,-! -51-! ,+*:4-91+! 5-! #(! (! 1)(1()! ,-! Y(*-)! :9(! )-*:7-)(*"89! 7+)! 5+>1F()-! ,-5,-! .(! *+95+.(! ,-! (,4"9"51)(*"89! N-9! 4+,+! 1-R1+Q! ,-.!5-)#",+)%!`+5!7(5+5!(!5-B:")!5+9!.+5!5"B:"-91-5a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dSf!0!*:(9,+! 7)-B:91-6!d0f!7()(!)-"9"*"()Q!0!-57-)()!(!_:-!#:-.#(!(!(7()-*-)!.(!*+95+.(%! ;% W-)">"*()!-.!-51(,+!,-!.(5!"91-)>(*-5%!`(!*(3-*-)(!,-!.(!*+95+.(!,-! (,4"9"51)(*"89!-5!(7)+R"4(,(4-91-!.+!_:-!5-!#-!-9!-.!5"B:"-91-!*:(,)+%! !

! ! G-!,-3-!*+47)+3()!_:-!.+5!#(.+)-5!5-(9!.+5!*+))-*1+56!1(.!0!*+4+!5-!#-9! -9!.(!"4(B-9%!G"!9+!5+9!(5C6!9+!)-(."X()!.(5!5"B:"-91-5!"951):**"+9-5!0!7(5()! (.!5"B:"-91-!7(5+!,-.!,"(B)(4(%! J% I(*-)!d7"9B5f!(!.(5!7)+7"(5!"91-)>(*-5%!/()(!-..+6!5-!(7)-1(!d?f!-9!.(!*+95+.(! 0!.:-B+!5-!"91)+,:*-!:9(!,")-**"89!0!5-!7:.5(!d)-1:)9f%![.!5"51-4(!)-(."X(!.(! *+9-R"89%!G"!-.!9:4-)+!,-!7(_:-1-5!1)(954"1",+5!-5!-.!4"54+!_:-! )-*"3",+56!.(!7".(!,-!7)+1+*+.+5!,-!*+4:9"*(*"+9-5!>:9*"+9(%!T-(."X()!7"9B! (!.(5!5"B:"-91-5!,")-**"+9-5a! $D2%$U@%$H$%$6!$J?%@;%S$%$@H6!$?2%$U%$%$6!$?2%$@%H%$6!$J?%@;%$?J%$S;! G"!(.B:9(!,-!.(5!*+9-R"+9-5!9+!>:9*"+9(6!9+!)-(."X()!.(5!5"B:"-91-5! "951):**"+9-5!0!7(5()!(.!5"B:"-91-!7(5+!,-.!,"(B)(4(! S% I(*-)!d7"9B5f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

!

DD!

\S='(=NH<=%'076!#7%2!%0!639!0,6*>.%2!%JU!"6/N?% G"B:"-9,+! .(5! "951):**"+9-5! ,-! -51-! ,+*:4-91+! 5-! #(! (! 1)(1()! ,-! Y(*-)! :9(! )-*:7-)(*"89! 7+)! 5+>1F()-! ,-5,-! .(! *+95+.(! ,-! (,4"9"51)(*"89! N-9! 4+,+! 1-R1+Q! ,-.!5-)#",+)%!`+5!7(5+5!(!5-B:")!5+9!.+5!5"B:"-91-5a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dSf!0!*:(9,+! 7)-B:91-6!d0f!7()(!)-"9"*"()Q!0!-57-)()!(!_:-!#:-.#(!(!(7()-*-)!.(!*+95+.(%! ;% W-)">"*()!-.!-51(,+!,-!.(5!"91-)>(*-5%!`(!*(3-*-)(!,-!.(!*+95+.(!,-! (,4"9"51)(*"89!-5!(7)+R"4(,(4-91-!.+!_:-!5-!#-!-9!-.!5"B:"-91-!*:(,)+%! !

! ! G-!,-3-!*+47)+3()!_:-!.+5!#(.+)-5!5-(9!.+5!*+))-*1+56!1(.!0!*+4+!5-!#-9! -9!.(!"4(B-9%!G"!9+!5+9!(5C6!9+!)-(."X()!.(5!5"B:"-91-5!"951):**"+9-5!0!7(5()! (.!5"B:"-91-!7(5+!,-.!,"(B)(4(%! J% I(*-)!d7"9B5f!(!.(5!7)+7"(5!"91-)>(*-5%!/()(!-..+6!5-!(7)-1(!d?f!-9!.(!*+95+.(! 0!.:-B+!5-!"91)+,:*-!:9(!,")-**"89!0!5-!7:.5(!d)-1:)9f%![.!5"51-4(!)-(."X(!.(! *+9-R"89%!G"!-.!9:4-)+!,-!7(_:-1-5!1)(954"1",+5!-5!-.!4"54+!_:-! )-*"3",+56!.(!7".(!,-!7)+1+*+.+5!,-!*+4:9"*(*"+9-5!>:9*"+9(%!T-(."X()!7"9B! (!.(5!5"B:"-91-5!,")-**"+9-5a! $D2%$U@%$H$%26!$J?%@;%S$%2SH6!$?2%$U%$%26!$?2%$@%H%26!$J?%@;%$?J%$S?! G"!(.B:9(!,-!.(5!*+9-R"+9-5!9+!>:9*"+9(6!9+!)-(."X()!.(5!5"B:"-91-5! "951):**"+9-5!0!7(5()!(.!5"B:"-91-!7(5+!,-.!,"(B)(4(! S% I(*-)!d7"9B5f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

!

$HH!

\S='(=NI<=%'076!#7%2!%0!639!0,6*>.%,1"!0.,"*B7% G"!9+!Y(!Y(3",+!1-9",+!VR"1+!-9!.(!)-*:7-)(*"89!,-!.(5!4Z_:"9(56!5-!:1"."X()Z!:9(! 4Z_:"9(!(.1-)9(1"#(%!`+5!7(5+5!7()(!5:!"951(.(*"89!5+9!.+5!5"B:"-91-5a! $% L,-91">"*()!-.!/O!-1"_:-1(,+!*+4+!>F-1*B;6!-9!-.!,-57(*Y+!$H$!,-.!48,:.+! M2%! 2% K7(B()!4-,"(91-!-.!3+189!,-!-9*-9,",+!-.!-_:"7+!-1"_:-1(,+!*+4+! >F-1*BH$%! ;% O+9-*1()!-.!-_:"7+!>F-1*B;!-9!.(!-51(91-)C(!,-!5-)#",+)-56!-9!-.!7:-51+! _:-!1"-9-!.+5!*(3.-5!-1"_:-1(,+5!*+9!-.!9b4-)+!$U%! J% O+9-*1()!.(!1()=-1(!,-!)-,!,-.!-_:"7+!(!.(!3+*(!H$%$S%HHS!,-!.(!7()-,%! S% K7)-1()!(.!3+189!$U!,-.!*+94:1(,+)%! U% [9*-9,-)!-.!-_:"7+!>F-1*B;%!! ?% [.!5"51-4(!())(9*(!0!7)+3(3.-4-91-!Y(0(!*+9-*1"#",(,!-9!-.!)-51+!,-! -_:"7+5%! @% K**-,-)!(.!/O!-1"_:-1(,+!*+4+!d>:1:)(4(f6!-9!-.!,-57(*Y+!$H$%!T-"9"*"()! -.!-_:"7+!5"!-51Z!-9*-9,",+!N:1"."X(9,+!d(,4"9"51)(1+)f!*+4+!9+43)-!,-! :5:()"+!0!d(,4"9HHf!*+4+!*+91)(5-g(Q%! D% [91)()!-9!-.!5"51-4(!N:1"."X(9,+!d(,4"9"51)(1+)f!*+4+!9+43)-!,-!:5:()"+! 0!d(,4"9HHf!*+4+!*+91)(5-g(Q%! $H% O+9-*1()!.(!4-4+)"(!>.(5Y!"9*.:",(!*+9!-51(!,+*:4-91(*"89!-9!-.!-_:"7+! d>:1:)(4(f6!-9!:9(!,-!.(5!)(9:)(5!^G\!>)+91(.-5%! $$% K3)")!'+X"..(!E")->+R!0!7+9-)!.(!,")-**"89!5"B:"-91-a! !!!!Y117ahh$?2%$U%$%$! $2% W(.",()5-!*+9!.(5!*)-,-9*"(.-5!#Z.",(5!N-9!-.!5+3)-!Y(0!:9(!1()=-1(!,+9,-! -51(9!"47)-5(5Q!-9!-.!9(#-B(,+)%!K7()-*-!.(!*+95+.(!,-!7>G-95-%! $;% K**-,-)!(.!4-9b!dM"(B9+51"*5f!&u!d\(*e:7hT-51+)-f! $J% O."*()!-9!-.!(7()1(,+!,-!dT-51+)-!O+9>"B:)(1"+9f6!-9!-.!3+189!d\)+F5-f%! $S% P(#-B()6!7+)!.(!#-91(9(!_:-!5-!(3)-6!Y(51(!.(!:9",(,!.a!0!5-.-**"+9()!-.! :.1"4+!>"*Y-)+!*+9!9+43)-!>F-1*B$&*+9>"B&RRRRRR%R4.!,+9,-!.(5!RRRRRR! 5+9!.(!>-*Y(!-9!>+)4(1+!((((44,,!N(g+&4-5&,"(6!7+)!-=-47.+!2HH@HS2@Q! $U% O."*()!-9!dT-51+)-!O+9>"B:)(1"+9f! $?% [.!5"51-4(!5-!)-"9"*"()Z!(:1+4Z1"*(4-91-!0!5-!)-51(3.-*-)Z!.(!*+9-*1"#",(,! $@% K#"5()!(.!)-57+95(3.-!,-!5"51-4(5!,-!.(!"9*",-9*"(6!7()(!7+9-)!5+.:*"89!.+! (91-5!7+5"3.-%! !

!

$H$!

\763+!."7#%"M6.*67#%2!%3#3,0*7%4%,2+*.*#"0,6*>.%2!1%#*#"!+,% \S=&=N;<=%-.670970,6*>.%2!%3.%.3!B7%!c3*97%,%1,%0!2%2!1%2!9,0",+!."7% [51-!,+*:4-91+!,-5*)"3-!.+5!7(5+5!(!)-(."X()!7()(!"9*+)7+)()!:9!9:-#+!-_:"7+!(! .(!)-,!,-.!,-7()1(4-91+%! G"!-.!-_:"7+!-5!:9(!-51(*"89!48#".!_:-!#(!(!(**-,-)!,-!4(9-)(!1-47+)(.6!.+!Y()Z!(! 1)(#V5!,-!.(!)-,!"9(.Z43)"*(6!(5C!_:-!9+!)-_:-)")Z!9"9B:9(!(*1:(*"89%!A(91+!5"!-.! -_:"7+! -5! :9! 5-)#",+)6! *+4+! 5"! -5! :9(! -51(*"89! ,-! 1)(3(=+! ,-! :9! :5:()"+! 5-! 9-*-5"1(9!,+5!,(1+5!7()(!*+47.-1()!-.!)-B"51)+!,-.!5"51-4(a!.(!,")-**"89!>C5"*(!,-.! -_:"7+!0!-.!9b4-)+!,-!)+5-1(!,+9,-!5-!*+9-*1()Z%! [.!7)"4-)!7(5+!-5!(5"B9()!.(!W`KP!(,-*:(,(!(!.(!)+5-1(!,+9,-!5-!#(!(!*+9-*1()!-.! -_:"7+%!`(!W`KP!7+)!,->-*1+!.+5!-_:"7+5!,-!*+4:9"*(*"+9-5!-5!.(!$6!-9!-51-!*(5+! *+))-57+9,-!*+9!.(!`KP6!(5"!_:-!5"!9+!-5!:9!5-)#",+)6!-5!7)+3(3.-!_:-!9+!5-!1-9B(! _:-!*(43"()!9(,(%![9!-.!*(5+!,-!_:-!5-(!:9!5-)#",+)6!5-!,-3-!*+9-*1()!(!.(!W`KP! SH%! K.!*+9-*1()!-.!-_:"7+!(!.(!)-,6!1(91+!5"!-51Z!-9!.(!`KP!*+4+!5"!-51Z!-9!.(!M'm6!-.! 5"51-4(! )-*"3")Z! :9(! ,")-**"89! ,-! )-,! ,-.! 5-)#",+)! MIO/%! [51(! ,")-**"89! 5-)Z! 1-47+)(.6!*+B",(!,-.!d7++.f!,-!,")-**"+9-5!."3)-5!,"57+9"3.-56!7-)+!5-!Y(!,-!*)-()! :9(! )-5-)#(6! ,-! 4(9-)(! _:-! 5"-47)-! 5-! .-! (5"B9-! :9(! 4"54(! ,")-**"89! 0! 5-! 7:-,(9!",-91">"*()!.(5!*+4:9"*(*"+9-5%! /()(!-..+6!5-!(**-,-!,-5,-!.(!*+95+.(!F-3!,-.!>")-F(..!(.!4-9b!,-!*+9>"B:)(*"89! ,-.!5-)#",+)!MIO/!,-!.(!"91-)>(X!,-1-)4"9(,(!NdG-)#"*-5f!&u!dMIO/!G-)#-)fQ!0!(..C6! -9!.(!7()1-!3(=(!,-!.(!7ZB"9(!,-!*+9>"B:)(*"896!5-!*."*(!-9!-.!"*+9+!dvf!7()(!*)-()! :9(! )-5-)#(6! ,+9,-! 5-! "9,"*()Z9! .+5! ,(1+5! ,-! .(!,")-**"89! >C5"*(6! .(! L/! ,-5-(,(! 0! :9(!,-5*)"7*"89!,-.!-_:"7+%! O+9!-51+6!0(!5-!1"-9-!:9!-_:"7+!*+9>"B:)(,+!0!)-B"51)(,+!7()(!1)(3(=()!-9!)-,%![9! -.!*(5+!,-!_:-!5-(!:9!5-)#",+)!_:-!1-9B(!_:-!,()!5-)#"*"+5!7b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a! dG1(1:5f! &u! dG051-4! `+B5f! 0! 5-! (**-,-!(!.(!7-51(g(!dE")-F(..f%!K..C!(7()-*-9!.+5!b.1"4+5!-#-91+5!)-B51)(,+5!7+)!-.! >")-F(..%!!

!

$H2!

\(51(!*+9!Y(*-)!:9(!3:5_:-,(!7+)!,")-**"89!+)"B-9!0h+!,-51"9+6!7()(!-9*+91)()! -.! -#-91+! (5+*"(,+! (.! -_:"7+! -9! *:-51"89! 0! *."*()! -9! -.! "*+9+! ,-! *+.+)! N)+=+6! (4()"..+!+!#-),-Q!7()(!#-)!.(!)-B.(!_:-!5-!Y(!(7."*(,+%![9!.(!>"B:)(!MA%E"B%?$!5-! 7:-,-!#-)!:9(!"4(B-9!,-!:9(!)-B.(!(7."*(,(%!

! -;%"#$!!KO!

[9!-.!*(5+!,-!9+!-9*+91)()!.(!)-B.(6!+!,-!1-9-)!:9!*+47+)1(4"-91+!9+!,-5-(,+6!5-! 1-9,)C(!_:-!Y(3"."1()!-.!)-B"51)+!,-!1+,+5!.+5!-#-91+5%!/()(!-..+6!5-!Y(3"."1(!-.!d.+Bf! -9! 1+,(5! .(5! )-B.(5! (5+*"(,(5! (! -5(! "91-)>(X! 0! 5-! *)-(! :9(! (.! >"9(.! ,-! 1+,+! _:-! ,-9"-B:-!0!)-B"51)-!1+,+!-.!1)Z>"*+%!K5C!1+,+5!.+5!7(_:-1-5!_:-,()Z9!)-B"51)(,+5!0! 5-!7+,)Z!)-(."X()!:9!,"(B9851"*+!,-!_:-!)-B.(!5-!Y(!(7."*(,+!(.!-_:"7+!0!Y(*-)!.(5! 4+,">"*(*"+9-5!7()(!_:-!>:9*"+9-!*+))-*1(4-91-%! \S=&=ND<=%S,0!,#%2!%+,."!.*+*!."7d%679*,#%2!%#!/30*2,2% /EG-95-! ,"57+9-! ,-! :9! 5"51-4(! 4:0! 5-9*"..+! ,-! )-(."X(*"89! ,-! *+7"(5! ,-! 5-B:)",(,%!K7)+#-*Y()!-51(!>:9*"+9(.",(,!-5!-51)(1VB"*+6!7()(!7+,-)!)-(."X()!:9(! )-*:7-)(*"89!,-!,-5(51)-5!,-!4(9-)(!>"(3.-!0!)Z7",(%! G-! Y(9! ,"5-g(,+! ,+5! -51)(1-B"(5! ,-! *+7"(! ,-! 5-B:)",(,6! :9(! 7()(! -.! 7.(9! ,-! *+91"9B-9*"(!0!+1)(!*+4+!1()-(!,-!(,4"9"51)(*"89!,-!5"51-4(5!,-.!,-7()1(4-91+%! O(,(! #-X! _:-! 5-! )-(."*-! :9(! 4+,">"*(*"89! -9! -.! 5"51-4(! 0! *(,(! 4-56! *+9! .(! 7.(9">"*(*"89! ,-! 4(91-9"4"-91+! ,-! 5"51-4(5! ,-.! ,-7()1(4-91+6! 5-! Y()Z9! ,+5! *+7"(5!,-!.+5!,+5!-_:"7+5!,-!>")-F(..!,-.!,-7()1(4-91+%! `(!*+7"(!7()(!-.!5"51-4(!,-!)-*:7-)(*"89!,-!,-5(51)-5!5-!)-(."X()Z!-9!.(!4-4+)"(! >.(5Y!:3"*(,(!*+9!.(!,+*:4-91(*"896!-9!-.!()4()"+!,-!.(!5(.(!$H$!,-.!-,">"*"+!M2%! `(! +1)(! *+7"(! 5-! )-(."X()Z! -9! .(! :3"*(*"89! ,-! .+5! >"*Y-)+5! ,-! (,4"9"51)(*"89! ,-! GL[AO]6!-9!*()7-1(!,-!B):7+!,-.!5"51-4(!,-!>"*Y-)+5%! G-! ,-=()Z9! .+5! 9+43)-5! (5"B9(,+5! 7+)! 7>G-95-6! _:-! *+91"-9-9! -.! 9+43)-! ,-! -_:"7+!0!.(!>-*Y(!N7+)!-=-47.+6!*+9>"B&>F-1*B$&2HH@HS2@$2HHHH%R4.Q%!

!

$H;!

/()(!)-(."X()!.(5!*+7"(56!5-!(**-,-!(!.(!*+95+.(!F-3!,-!(,4"9"51)(*"89!,-.!>")-F(..! ,-1-)4"9(,+6!-9!-.!4-9b!dM"(B9+51"*5f!&u!d\(*e:7hT-51+)-f!0!,-5,-!(..C!5-!*."*(!(! .(!+7*"89!d\(*e:7f6!*+4+!5-!7:-,-!#-)!-9!.(!>"B:(!MA%E"B%?2%!

! -;%"#$!!KQ!

\S=&=NH<=%56"3,1*b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f$;Q!^7B)(,-!>)+4! *+95+.-f!,-5,-!.(!*+95+.(!,-!(,4"9"51)(*"89!-9!4+,+!1-R1+6!-!"9,"*()!.(!,")-**"89%! [.!5"51-4(!5-!!)-"9"*"()Z!0!())(9*()Z!*+9!.(!9:-#(!#-)5"896!1-8)"*(4-91-6! 7.-9(4-91-!+7-)(1"#(%! G-!,-3-!7.(9">"*()!.(!"951(.(*"89!,-!(*1:(."X(*"+9-5!0!B()(91"X()!:9!1"-47+!,-! #-)">"*(*"89!0!7+51&*+9>"B:)(*"896!0(!_:-!-51+5!7)+*-5+5!9+!5+9!5"-47)-!5-9*"..+5! 0!7:-,-9!,()!-))+)-5%! /+)!b.1"4+6!9+!5-!,-3-!+.#",()!,-!(*1:(."X()!-.!-_:"7+!>F-1*B;6!,-!)-5-)#(!7()(!.(! )-*:7-)(*"89!,-!,-5(51)-56!,-57:V5!,-!(*1:(."X()!.(!"9>)(-51):*1:)(!-9! -R7.+1(*"89%! !

!

$HJ!

O*$1*7/0,JP,%4%!.1,6!#%

\Z5"*(4-91-!5-!Y(!:1"."X(,+!L91-)9-1!*+4+!>:-91-!,-!"9>+)4(*"89!,-.!7)+0-*1+%!K! *+91"9:(*"89!5-!,-1(..(9!.+5!-9.(*-5!:5(,+5%!

Y.1,6!#%2!%-."!0.!"% •

• •

FFF%7>5-95-%+)B6!5"1"+!+>"*"(.!,-!.(!,"51)"3:*"89!,-!7EG-95-!!0!_:-!-9.(X(! *+9!-.!>+)+!,-!,"5*:5"89!0!.(!7ZB"9(!,-!,+*:4-91(*"89!,"57+9"3.-%!I(!5",+! -.!-9.(*-!4Z5!:1"."X(,+%! 4H9H%*Y6!5"1"+!+>"*"(.!,-!.(!,"51)"3:*"89!4H9HF(..6!5"4".()!(!7>G-95-!0!4:0! 3"-9!,+*:4-91(,(! FFF%*"5*+%*+46!5"1"+!+>"*"(.!,-!.(!4()*(!O"5*+6!(!.(!_:-!7-)1-9-*-9!.+5! -_:"7+5!,-!*+4:9"*(*"+9-5!,-.!,-7()1(4-91+%!

O*$1*7/0,J*,% •

•

• • •

jE")-F(..5!5+>1F()-a![51:,"+6!"951(.(*"896!*+9>"B:)(*"89!,-!-5*-9()"+5!0! *+47()(1"#(k6!E-))-)!\-)3-B(.6!'|9"*(%!/)+0-*1+!E"9(.!,-!O())-)(6!(.+=(,+! -9!d:7*+44+95%:7*%-,:h7>*hY(9,.-h2HDD%$h;?SU’! jG-)#",+)!`"9:R!7()(!*+9-R"+9-5!5-B:)(5!,-!:9(!`KP!(!L91-)9-1k6![5*()1C9! W"B+6!}+5V!K91+9"+%!/)+0-*1+!E"9(.!,-!O())-)(6!(.+=(,+!-9! f:7*+44+95%:7*%-,:h7>*hY(9,.-h2HDD%$h;JS$f! jK*(,-4"(!,-!9-1F+)e"9B!,-!O"5*+!G051-45a!]:C(!,-.!7)"4-)!(g+k6!O"5*+! G051-456!LPO%!LG\P!@J&2HS&;2DU&?! jK*(,-4"(!,-!9-1F+)e"9B!,-!O"5*+!G051-45a!]:C(!,-.!5-B:9,+!(g+k6!O"5*+! G051-456!LPO%!LG\Pa!@J&2HS&;2D?&S! j'(9:(.!,-!O"5*+k6!A+4!GY(:BY9-5506!'*])(F!I"..6!LG\Pa!@J&J@$&2?2?&?!

\763+!.",6*>.%2!%630#7#% • •

• • •

!

M+*:4-91(*"89!+>"*"(.!,-.!*:)5+!dG-B:)",(,!-9!)-,-5!"9>+)4Z1"*(5f6! )-(."X(,+!7+)!-5O-)1&^/O!Nd-5*-)1%:7*%-,:Q6!-9!9+#"-43)-!,-!2HHJ%! M+*:4-91(*"89!+>"*"(.!,-.!*:)5+!d'-*(9"54+5!,-!7)+1-**"89!(91-! "91):5"+9-5f6!)-(."X(,+!7+)!-5O-)1&^/O!Nd-5*-)1%:7*%-,:Q6!-9!>-3)-)+!,-! 2HHS%! M+*:4-91(*"89!+>"*"(.!,-.!*:)5+!dT-,-5!7)+#(,(5!#")1:(.-5f6!)-(."X(,+!7+)! -5O-)1&^/O!Nd-5*-)1%:7*%-,:Q6!-9!9+#"-43)-!,-!2HHS%! M+*:4-91(*"89!+>"*"(.!,-.!*:)5+!d]-51"89!5-B:)(!,-!5"51-4(5!+7-)(1"#+5f6! )-(."X(,+!7+)!-5O-)1&^/O!Nd-5*-)1%:7*%-,:Q6!-9!4()X+!,-!2HHS%! M+*:4-91(*"89!+>"*"(.!,-.!*:)5+!d'+9"1+)"X(*"89!,-!5"51-4(5f6!)-(."X(,+! 7+)!-5O-)1&^/O!Nd-5*-)1%:7*%-,:Q6!-9!9+#"-43)-!,-!2HHU%! !

$HS!