E S Z VF
LSLC HSZQFN ]LSZC COF MO FDULC LCQ [QC CSHG D[F GLQZO C]C GLSLQ HSZF CHGG
D[ HD[ ]KLN G[HG CSHG D[H >VL[H PD[LWN GLNI COO@ RLSZ GU [DHFQ [W CDKL[G
FL[H] UUH CSHG D[ ]KLD HJO GFT TH]UH [HIJO OHNL RLC DHH LN[ L[]C HDLN[G RLSZG LFL OU
RHOD ZLHFQ RNH KLJ GS]QH GLNI PDQ[
]HQDH PLLJQ GD DH]N [QHON GSZ PLLJQ GD D]N LCH
OQZ GFD PD[
]ZHOJQ G[IJ RLSUOH RLSZ GNL[Y CLG CL[D ]S]Q LCFH HI PHLGQ HC HLNUQ GI OOND RLCH
[WQN GI L[GH@ PLLJQ G[HQE GS]Q LGL[G POHU FUH G]UQ D]N PCH OLUO [NISN PLSHC[G
CDKL[ LWU FQUN PE [HIJO HO [WC LC ]HUFG ONO HNU HFLQ HSZH POHUO ]QLLZ GS]Q CG]
PH CL[D ]S]Q LHGF HY CEQ RD L[ ]HD D]N G]LQ [JCOH PHLGQ DH CQ DZUL ]HOGZ
EJ ]HSHQQ LSLF [WTD KH[KH[WD UH PLSWO ML[Y GI RLCH DSZ RDQ[G D]N RNH U OCHQH D[D ]NWHGQ CT[EG
IWH GW F [U
D]N CUDLKQ Z[WLC CO LNG HOLWCH GL]UQN CD[ GO FDU CD[F GLQZO LC]CF CLGG
]OUH] FHQOO LN[F LWO COC CHG [HWQ [DNF ZTW RLSUO GI L]D]N CO [DJQG [QC VTHLLZHQSG
LNG PHQH RHFI GOHU PNJ ]EE RLFN CO GO RLCF LHGF PHQ HD G]OOZ GZDF L[G MQSG
XDUL[G D]N ILUNH CDKL[D GNH GLOHJQ Z[WLC CO RN HO U[LC WUC
L LN LLDC ]DH]O J CO GD[H FDCO RDH[ GSLWT GQH C]G LLDC GLO [QC DU
JLSGO HSO LH ]Q LCFH RCN ODC HOHYS CQ [QHO L MNOH PL]Q P]HC HSLC[ CO P ZOJO
FHUH RDQ[ C[ HLOJ MH]Q ]Q COC CW[]S CO
XDHZ K EJ [IULJC ]H ]YDHZQ GKLD U PLSH PLFFYQ PL[WQG HS]SH HCS GSLWTQ [QHJH OZ G OU FHU
PL[HU
[ L[DF GLC[D COC HFLQ RLCLYHQ RLC RGH GLC[ COD RGLFLQ CLYHQ CHG "LQ FLQ CLYHQ LQ
]S]Q RHO COH CL[D ]S]Q RHO HD DH]N RLC [K PLZTHW [CH VL[G HZTW RNH DZUL
]UD U[Q DLN GLG RHUKO OHNL [DUD CL[D GLG UHFL PEH CL[D CHG G]U PEG U[Q DLN
[KG ]DL]N
[JCOH PL]UO COQ]GOH [TJGO GN[F GHZQ ]HFHC RF C[ LTHT FHL VTHL ]LDD CDHQ HT HL]HDH]D R[G
]ZIJHQH ]HLG D]NH RHHNQ [HUL CYQSH GFFQS ][JQOH GD HODK GCT PLUD[C GD ]HLGO GZIJHG
H]ZIJQ CQKG ]C CLYHGO ]HOLUHQ ]LHNUG GZIJGH [DUD GZIJG RLC PLKUQ]Q GLQLQ ]HLGO
LD[O L[G GI RHFLSO RCNQ JLNHGO CLDGH GOLDKG ]UD GCT PLUD[C GD HLG CO CQ PLHJH
LOHJG LWO GS]QG ]U OU JLNHGO [DUD CL[D ]ZIJ PU GOLUHQ G]U O CL[D ]ZIJ RLC DZUL
GHZQ G]HCD LHSLG LHYQ LQS CNGH LHYQ
]HZIJ [C RN ONH RHQQ CLYHQ HSLC DH[ HOLWC L[G RHQQ ]ZIJ PHZQD COC DZUL [ [QC CO [QHO PHZQ GLG PSQC
FNZ
FSZ VF C[]D CDD
RLSUO CQK ]ZIJ PU RHQQ ]ZIJ GHG R[G POHCH OLUH] C]GF GZIJ PU C[ZLUQF GZIJ [WC RL[HTLC RLSUO NCQ
GI
GQHFNH [DUD LHW GLG RNH LHW CHG G]U LQD ]HLWLCO J RLSUO RHEN@ HOC PLSLSUD PLSH[JCG HS]SH HCS [DNH
CKN ELJN CJ [IULJC ]H DLE C]]UQ D CLZ UGC PL[WC ]LD ]H U >CU[CH GF CO ]HQDL TH]UH
PLNL[Y RLCH H]HC PLQQG PLFDUH PLS LW OU P]HFU MHQTO PLFUG PLOHNL OI CDKL[G D]N
FLDNG PL[QHC PGH HQU PLOLE[G ]CH H]LD LSD ]C PLOCH RHLN COC ]Q FU RQIG ON HQU FHQUO
OI RDQ[G OHFEG D[G HSSHFC ]UF RNH ]HSHQQ LSLFD GZIJG OU RLNQHT MN MH]Q [KWSH HLOJ
IZT UQTDH DCS[ QHJ CQ[D CDHG RNH
F S Z VF
MND LHZ ON RLCH GSQD ]HLHS [DN ]H]LL[D GQN LW OU VC CSQLI CFJ GD HELOWLC CGH
RLSQ CLLJ [ GCS CO LD[ H[QC HQNH GSQGQ GHSUQ [DN C]LL[DO CLG ]HWLFU GD[FC
"C]LL[DDH GSQD PLLQUW [DFG ])S;G
v t OU HZG HGQ RN PCH "HO
PLFUG ]SQ OU ]TJLL]Q C]LL[D G]HC D]N HI GOCQ [QGO GY[ PD[G GC[SH
CLLJ [ GS GQ LWO GSQD HOLWC ][JC PUW GD HZOJS COG GZQ HGIH ]HDH]ND H[QC
CDKL[ FHQO]D GD CYHLN LH C]LL[DD
QDD CDKL[G D]N GID CYHLNH [LCQ [ L[DF HI GD TH[EO GQYU GSQD PL[DF VLTHG CLLJ [ H]SHHN ]LC[S G[HCNO
P ZQKD UH RLNH[N COC HSLSWO CT[EN RL[HZ GSQD GS CO CLLJ [ N
HSLSWO GLHS CLG HQN CO GSQD CT[EG [WO CD C]LL[DD CLLJ [ FLZ ZD ]UF VTHLD CDHQD GI RLUN GC[H
E LT C Z[W C]WTH]DH C]LL[DD PL[ZJQ [WTD ]HWTHS ]HCQEHF GC[H
C]C LN [QHC GFHGL LD[ CLS] ES RL[FGSTF CLEHTQ [DFO GLC[H GSQD RN TH[EO GSHHNG HSLYQ ]LQ]T C]LL[DD VCH
RL]LS]QD ][JC GT[E GSHC[G C]LL[DG GSHHNG COC "L[F C]LS]QQ LS]QO UHLT CLDQ GQ DYH RS]FN LS] ZJYL D[
RS]FN C]LL[D CLDG ZJYL LD[H
EN LT L[ PLKHZO QHJ LC RHIJ UUH
Z[ PLLZ GZLFDD OHHLSG PL[WHT ]NTQ LWU T FHLD VTHL ]LDD UQQ HOHHSO PLC[ P]C LC
MHQTD G[HDZG [JCO HOLWC PL[QHC LH OOG ]LDD UH [DZS P[KD GZLFDD CO MC G[HDZG [JCO
L GI RHEND Z[H HWZ GJ LHOG KD ]H IOZ ]HODC ]N[UQ FQJ LFD GID U OHHLS J RLC RLLFU GO
EQ OCZIJL ]TSN ]H PLUOH] HD HOU PC GOESN OHHLS
DLZ[GO OLJ]Q [DN ]QGN G[HDZGQ GQ RQI [HDUN ZOJO CYL CSZ DJ FHL GQ ]H[EC ]HD
HCYQLL PEG RN ]HUO [HTC GLG ]HJHZOO VCH HLDH[Z OU Z[ COH PFC ON OU HOHHSO [HTLC OJ
]HYQ FYQ PEG GI RQI [DU CO PCH >P CLDG GFHGLDUFHSG ]UFN COF GIH@ MN OD PLFTWS
VFD OLUO CDHQD U [JC PHZQD H]KL MN G[HDZ ]HYQ OKDQN GI L[G@ H[DZ ]C JH]WO [HTC G[HDZ
RQ HSLC PLDH[ZG OU GSHC[H C[D ]OKHQ G[HDZG ]HYQ RHLN RHUKO ]HJHZOG PLOHNL >DZ
GNZ