LZHQLS ]C HD HD]N CO FL LTD P ULWHQ IY[] ]SQ OC[L LOHFE HQT[W GKLJG ][IE OU ]UF LHOLE D RNCH
PHQLGG [HTLC
VFHS GJL[ RLC GTHNQ VFHS GJL[ GOHEQ RLKLLOW O ]LJHOYO GQHF PNJ FLQO] GQO DU
J] C[ZS G]C CG]H PL[JCO GFQOO CO MQYUO M][H] ZLIJGO DHJ] OC [QCZH
HJL[ CHG VC [JC LONO HSQ ZL[Q CHGN RLKLLOW O ]LJHOYGQ OQG MO JZ GD[FCF [JC COH
O HJL[ RLCH GTHNQ [CS HSQ ZL[Q HSLC CHG PC ODC [DN HD GLG RQD PD]S CHG VFHS
CHGNH GQNJD VLTHQH VFHS HJL[ PL[JCO GFQOQH H][H] ZL[Q CHG PC J] CHG MN VFHS ]LJHOY
C[GQ MH]Q GQNJD VLTHQ RLC HQYUO H][H] ZLIJQH H][H] GTNQ
MOHGH HD[ZD ]UDHS H][H]H H]QNJ MNO H]HC RL[TJQ HLFLQO]H PL[JCO H][H]Q FQOQ RHLNF
MOHG FLQ] HSQQ RLOHF RQI ON PLLJ PLQ [CDN HLFLQO]Q []HL GQNJ ]HQHOU] UFLO FLQ] [DE]QH
R[GQ LKHZLOD L DHLNH PLLJ ][H] H]ULDSQ HQYUQ COQ]QH [DE]QH
HO VF
LQNJ RLSQ COC FJCH PLUD UHDZ H[WTQ L[G HQYU FDG RLSQO GSHHNG RLC RLSQDH GQNJD
DD PL[QQ OG PDQ[ HD HZOJ COH OHFEG FD G[HG [DFG HODZH HQLNTG [HFG
VTHLD UH ]H[HGO HDL GCQ E ]HL[HGD HQNH PFLD ]H[G PLSLLFG RLSQ OU HWLTHG [CN [WO PHZQ L G[HCNO
P ]UF
VLTNLC "RSD[FD PLOIOIQ PG ][QC GQ HO JOC G]C GYH[ LNH GLQ]D "GLO JOC
XDUL[ UH GLOESC LQNJ TH] D[
UQQ FHUH PSQQ ONC FU D[ OU JL[KG OCHQ PLSHC[D CDHGH D GNOG LQOH[LD [CHDQH
]H[EC ]HD GID U ]HWS LSLF PLSF RLC PEG RD[HJG [JCO PE C[QQ RZI RLF L LQOH[LG L[DFQ
HQ RL[FGSTH K ]HL[HG ]UF VTHLD CDHQD UUH C LTHT DJ QHJ GQ
HSLF ]LDH HGLOC CDL HOLWC [DF [U GSHQQ XHJ H[DJ FD L[DF RLF ]LD OKDO OHNL OND
OI PLSHC[D ]HKL O HO RLUQH RLC
GOKDO OHNL RHC[G RQ OHFE CHG RLF ]LD OC[L DH[D GKW G[IE RS]GH GFD TH]G ]KL
]LDD D[J HYUS PGL]HWSD PGO GFQU LSWQ POHUO POKDO RLC HKW [DF JL P]HCQ FDOQ
U FC ]D LQOH[L [FQG
JLD RHEN PGL]HWSD HFQU HOLWCH RHC[G RQ RKZ CHG HOLWC GOKDO [JC FD OHNL GKW CO PCH
>G[IE G]HCD FHQUO OHNL HSLC [HDLYG DH[ RQID COC [L]GO HO RLC PGL[DF MH]D HFFYH@ [DF
KW PC G[H]O ELLT ]HUO GFUHS G[IE ]H[IEG LEHTD ZHOLJ L EDD PL[QQ PDQ[G ]KL
H[QCH@ PLSHC[G RQ OHFE CHG HOLWC G[L]GOH G[ZUO OHNL [JC FD RLC OC[L OND G[HTLC
ELLTO G]US CO PCH >ELLT PHQ ]H[IE [C ONO ]EYLLQ CQEHF COC HI RLC [DF JL ][IE
HSQLG OHFE GLG PC OKDO OHNL
RLSQDH GQNJD RHC[G FDQ ]HJW HOLWC OKDO [JC FD OHNL OC[L OND G[HTLC KW CO
KLZ
]UF VTHL
GLG [HTLCG RCN L[G ]H[IE [C RLDH ELLTO G[IE RLD GI RLSUO ZHOLJ RLC UQQH RCN [CHDQN
ID QTN LWU ELLTO PSLL PHQ
DH[ RLC HLNU COC OC[L OND G]OLJ]D GSZ]G GKW HOLWC [QHO GY[ IG P GSQ VTND
RLC CYQH ZFD GQ OU MQT GCLS GFHGL LD[ MNOH GOKDO [JC FD OHNL GD PLEGHS OC[L
PHLQ CYQH ZFD GCLS L[ L[ RHOQ ZFZF COC GOKLDH GD PLEGHS HSQID OC[L DH[
GOKDO R]LS RQI GILCD GKW PC MNO [HZQ RLC ILWOH OC[L OND GKW CO G[LIEG G[IES
D]N GQ PE CQH GOKDO PLC[ ]KHW G[IEG RLC GDH[Q RQI [JCO PLCH[ ON G[HCNO GC[S PDQ[G L[DF KWQ
CO ]H[HF GQN [JCO HOLWC [QHO GY[ COC HZLIJG CO RQI PHD GSHHNG RLC G[LIEG G]HCD HZLIJG CO RLLFU L[
G[IEG GOKZS [DN [QHON@ GKW HQLFH ]HD[ PLS [DFG FQU D]N PDQ[G ]SHHN RNH [HDLY DH[ OYC G[IEG GKW
LC[ ]KHW GSLC ZFDH FD FQU >HCO PC G[IEG GTW] PC ]UFO RJDQG IC CZLLF@ GDH[Q RQI [JCOH >POHU ]H[HFO
OKDO
G]HC PLOKDQ RLC HSLF ]LDH HGLOC HOLWC OC[L OND GKW G[IE ON P FDC[G ]KL
POHUO OC[L OND GKW PC COG OHFE HSLCO RHC[G RQ OHFE FD RLD ZHOLJ L RWHC GILCD [HCD ML[Y HI GKLO C
OKDQ RHC[G RQ RKZ CHG HOLWC CLEHTD [CHDQ L[G GKW CO PCH GOKDO RLC
OHZLD PLZOHJ PC ODC CNGFN GD FHQUO OHNL [HDLYG DH[ RLC RHEND CZHF OKDQ RKZ HOLWC [CHDQ GI GC[SH
CDKL[GH R[G L[DFD [CHDQ RNH OC[L OND GKW CO HOLWCH PGQ PLOHFE PG NCC ]QFHZ GSZ] PLOKDQ PSLC ]UFG
][JC M[F PL[QQ OG L[ CSLS] L[IU LDCD UH DGD P GSQ PJOD NN RCN
H[QC GQQ UF] QTN UH CLG CLG DH[D H[QC C[QEDH OC[L O N D GKW FDC[GH PDQ[G HD]N GQ D
]HDH CDKL[G LHFJD UH HOHNN HDH[F H O H N LHEG F C[Z HCLDGH GD FHQUO RLOHNL [HDLYG DH[ NCC G[IE RL[IHE RLC
CLZ] KQ[ DL[G
PDQ[G D]N GD FHQUO OHNL [HDLYG DH[ RLC PGO UFHSH GSZ] PLQNJG HSZL]
RN [DFG FQUH OC[L OND GKW HQLF PCH GD ]NOO PUG ]C VHNO PLC[ PSLCH GOKD GSZ]G
OND ]KHW G[IEG G]HC RLC GC[H OC[L OND ZFDH [JC FD FQU GDH[Q RQI [JCOH ]HD[ PLS
RHC[G RWHCD UQQH RLSQDH GQNJD RHC[G RQ ]HJW GLG HOLWCH OKDO ]H[ HO L OC[L
[L]GO [JC RLSQ COO GQYUQ GOKD GSZ]G
IGH HG P
GOKDO [JC FD ML[Y COC GQYUQ GOKD GSLC GD FHQUO OHNL CO [HDLYG DH[ GSZ] PE HD]NH HQ]T LC GFD TH]GH
CO HC[ C[ZLUQ PC ODC ]KHW GSLC ]UFO HJNHS FU RQI [DU PDQ[G [LNIG LSG RWHCD H[DLF PG PE CQH
MOLCH CN[ QU CJ QC [NIO PL[HU D GI RLSU [HCDD UU GOKD CLG GQYUQ COC FD LU OHKLD ML[Y RLC GKW
PLQUW UD FC ]D LQOH[LD L CO PLDNHN LFDHU [C ODC ]HQHC I C]LL[HCF DU
]HQHC UD [HTCO R]J]] CO [QCS
]JCD RDLJG JL COCHQD [WTQ PLQUW PL[IHJG ]HSHOGH C[ZQD ]HS]J]G RHO ONO GSHHNG GC[S
FDHU C]L[HCF COC V[]H GHCLYHG GFHGL [QCLH DL]NF H[IE P O HSLF ]LDD LQS ]HSI
RLFN GWL[D [Q] ]C HSF MNO G[H] R]Q PFHZ OC[L RLF PGO GLG UQQ OC[L ]D OU CDG PLDNHN
G[QCS OC[LO LSLTD ]LSS COH JS LSDO G[QCS KS RL[FGSTD H[QC HQN GSHHNG LOHCH PHNU PU G]SLI OC[L ]D
RLLUH [QCS OC[LO LSLTD GSS COH OLCHG JS LSDO [QCS GIG RLFG LQS CNG JS LSDO COH
][QH FYQ [Q] ]C HSF CO RHLN COG RN PCH OC[L PU ]HSID COH PHNU PU GSIQD COC H[IE CO L[G OHCO LH
NZ
HO VF G[I GFHDU
"OC[LQ G]SLI [WC COG GWL[D GHSF FYLN NC XDUL[ ]HGEGD GNH CQOUD GLHSW ]HSI OOED COC G]SLI PDL
LSQQ GZFY GFHGL [QC GI [CD G[H]G OU IL[EG LHFJDH@ L[W CDH[Q GOYC L[WF ONF DH[G [JC PLNOHG CQH
>GWL[D GSLF RLCH GQHCQ GCKJ CO RN PCH PHNUQ ]HSI RCN GLG CO [[D]S
PGLSLFD CO G]LQD OON GDLLJ]S CO L[G CHG RLFG RQ CO GWL[D GHSF GQ [CHDQ GSLC GF HS RL[FGSTD TH]DH
P O H]D G]LG LWO GWL[D RGN ]D ]]LQ RLF OU GHFLQUG G]SLI GQDLN GDLLJO GLOU H[LQJGNH HSSLFD COH
[ U D[G ]CQ
H[LW OC[L ODC GL[]DC GNQF OC[L ]D OU CDG PLDNHN FDHU C]L[HCF COC
[ FL[H] G[H]D DH]N CHG LSWQ C]L[HCF HO C[ZH P O HSLF ]LD C ] L [ H C F
]HQDL TH]D [HWQ RN GUSYD WNU ]LOC[LG OU CDG L[NSD G[H] [HTLC RLC PLSHC[D [CHDQ RNH
RL[FGSTF HWTD R[G [DHT RNH HCYL GF GQ PH [DTZ GF IK
HL[DFQ UQQH HD PLUEHW PLCSZ RLF GID RLC CLTG[WD VC D]N P RL[FGSTD ]HQJOQD RDQ[GH
CLT[GWD RLD GUSYD RLD P O HSLF ]LDQ RSD[F [HTLC CHG [DHT
RNH ]HS]J M[FD COC L[NSO GOUDS ]LOC[LD G[H] [HTLC RLC D CDL DHTLC PDQ[G [DHT RNH
PLCHOLQ LSDC [WTD POHCH >QEC [HCQG OUDH ][ ]KL PE CLG HI JLNHGO LH@ UHKD CHG
U C]L[HCF GLO L[ZF HS]LEHTQ ZLLFH GUSYDH ]HSI M[FD VC G[H] [HTLC L FJO D]N CIK
EFQ FJDH O EJ UGC GQ ]H[EC ]HD GI OND
]LOC[L RLF OU MQGD U RNH LZTDH CZT F UGC LC RHIJD C]L[HCF COC C[QEG KWD GSH [HCD UUH
CLTG[WD L[NSO
L HL]HQZS PHZSO PHZQ O H]CSZ RLCSZQG PFC LSD L[ HD RLUEHW RLCSZ ]LQ[C OUHDG
DW RL[FGSTD CDHQD U PFC ON COH PLCSZ COC HD UHEWO RLC[ RLC PLZFZFQ
H[DJ ]C GNQ OC[LQ FJC GCH[G P CDHQG RLFG OU JNZT CN] QHJD UQTD HSCYQ GI RLUNH
UQTG D]NH [HTLCQ HL[WQ CHG L[G H]HNGO OHNL GNQG ]C GNL CO PC HOLYGO OHNL HSLCH
[HTC L[WQ HSLCH GCH[ PLQUW GQN PC ODC PL[HTLCQ HL[WGO FLQ] ECHF OLYGO CDG PC Z[ GI
[HTLCQ HL[WGO COH H]HNGO CD GCSG FYQ LCFH GNQG GIO ]HNGO HO
[HTLC RLC OC[LO L[G RGN CHG PC GSHI PHQ H[W DW RL[FGSTDH RCN TH]H L[ IES
GSHI
PHQ RGLOU H[IE RCN H[QC GQH G[H]G RQ ]L[NSD [HTC RGN [DHT EDDL DHTLC PDQ[G POHCH
TH]G ]HLHZ ]HDHLQ HH[LWOH OC[LD VC GLWON GSHI [HTLC H[IE CHG OC[LD IES
HCO PHQ [HTC GLHSW OU ]HSI M[F CDG H]KLO MOHG PDQ[G [CD P RL[FGST [SO MH[U [WTD@
[WTDH PLSHC[G ]ZHOJQ [HCDD FHU UH ]L[NS ]CLD OND GI [HTLC PLQNJ H[IE MNOG FZ GLGL CO F
>FC ]HLC CQZ L[IU LDC
IO VF
GDLID LQS GCQKQ GCLDO GLHC[H OLCHG FJC PHLH PLS E ]D PLDNHN ]FDHU ]ZHSL] LCG MNOG
L[G R]HTL[UQ ]HFS RGL]HSD OU H[IE HO ZJYL [D RQJS D[ ]KLN PLKZHS HSC RLC "CKLW
FL[H] FHJL PHQ RGL]HSD ][IE HS[W
CNZ