LTHT PLC[L [WTD GNH MQC ][H] HK] OCH LSD UQ [QCS PGLOU PNL]HDC HODZ [DN S PLJTWD UQQ RN
LD[ ]DH]D RNH HK] OCH LSD UQ C[Z [QC JHL[C CDC [D RQ D[ [QC "CLG C]OLQ CEGSQF ROSQH JT[
]HEGSQG HOC MQC ][H] HK] OCH [FQQ CLDG OCW[ HFGQ ELGSQG THTD CDHG LJ[LG S[D PG[DC
RLL[ RU[IC CO LCH RL[HTC RU[IC LC MOLCH RCNQ GWLOZ COD RLL[ RLQHL RL]O] FU DU
]H[H RGD L HOLWC PLO MH] ODC R[LTC LZQHT LZLL[H HGD ]LC LC RSLUFL CSQ
R[GH CDKL[G CD[G LHFJ PF GI RLC ]H[]HQ ]HQHFC
[ZSQ P]TD KZS COH L[ D]N HQN [ZSO HN[F JDK KZS HL[JC DOJ CYQS JDK
[JC PFCD COH CZHF JDKD PLLZ HFLJ HSULQGO CD LWO [QHO L
PLJLSQ PLSCH [HZLSD HN[F RHLN H]HC PL[LDUQ HC H]HC RLZOQ P]TD [D [NQ HOLWC JDKG
[ZHSQ ]ZIJD [DG RLC [NHQ PFC P]T HOLCH [ZLS CHG P]TG RQ
LEGSQ LWO [DFG GS]Q LN PCH HS[NQL P[KD [DG ]C [ZSO DLLJ JDKG RCNQ UHQO LH
PH [HNQL COH [HNQL P[KD [ZSL JDKG ELGSGO CHG [N EGSQ PHZQ ONQ ]HWHZ]GH ]HQHZQG
Q ZL[GQ ]H LWU G[H]O ELLT ]HUO [FE [HFEOH ]CIN RZ]O LHC[H [ZHSQ HSLC [D
PH[Z HC KHJ HL[JC CYQS ODC DOJ CYQSN CZHFH G[HUND H[DUO ]LIND H]HZOGO C]NOGH
CNFT FHL UHK CNI CNCQ PDQ[ PL[HTLCD OIOIL CO H]HC PL[LGIQH PLFQOQ
PLZTHWG [CD KHWH ELZ DL[G ]H LWU [DFD ZIJHL M[HY RLCH ]JC PUWD HOLWC RCN [DHFQGH
HO RLC HFL ]J]Q GW[K GCYL JDK P DL[G ]HD CDHQH N CJ GDH]D CD[G D]N [DNH
RN [QCL POHUO RN PC L]LLG EEH [QHO ]HOYS]G
GOZ H][IJH UHWN DJS COC GN RL[FGSTD U GZ HFLZW]O H][IJ FLIQD RLL[DUN HSLF RLC POHCH
LWO PG GQ LWO RLSHFS HOCG PL[DFG ONH [DJN EGS]GO GO LSWD HLOU ODZL ]H[DJ ]ODZD
CQ[D CDHQ L[C ]HGEG R[G LWU RLLFG LSLU ]HC[ LWN ONG P]ULWH PTSHC LWOH PLSCG ]SHHN
CNFT
HK OLUO [HYLZD CDHQ FY DL[G ]HD U
"L[F [HNC
FY VF
]HTJHLQG DL[G ]HD D]N RN HDSE] COF
HCOD OHON G[H] [HTLCH ]HL[DG ]UF DHSEO [HTC
PYUDH GF CO CJ FHL GQ ]H[EC PE UH GSZ GU]CO EQTG RHOD ZHFZF LWU EO
LSWQ FJC PL[DF LS LSWQ GKHJ GLJ O OOND G]Q O OFST H[LDJO PFC [HNQL CO
ML[Y GLG L[WFN T[C O GSNT PHQ LSG PUKG LWO GSNTG LSWQ FJCH HGU]Q
OU VCH GSNT HD L [DF H[DJ LSWO R]HS CHG L[G G]QQ LHU OFSTG HULFHQ [CN PE [HTCO
[CN Z[ [HNQO H[TC UHFQ RN PCH GSNT LFLO HCLDQ CYQS PHZQ ONQ [DFO HJ HSLC GOG LW
"GKHJ GLJ O CLG HOLCN H[NHQ
Q[
FY VF RLOHJ
]SNT J RCN RLC HFLFOH JS ]NLSQ GQGDG G]Q CO LCFHD UFHL [NHQG [DHFQ [WO ML[YH
PHQ Z[H ]HSZO HO []HQ GLG [ZQ HSLC HSLQCQH HUFHL GOGH GSHZO ULFHQ GLG PC RNOH T[C
LSHQQG RLSUG FYQ FJC GCSHCO PLNLL PLQUKG LS GI LWO CYHL HGSCQN CYQS HULFHQ HSLC
G]Q O CHG HULFHQ GLG HOLC GCSHC FYQ CHG PE LSGH GKHJ [DQ []HL UH[E G]Q [D
[NHQG O H]ULFL LWO PE RN PCH [DFD GSNT L CQ HJO ML[Y GLGH GOG HSLQCQ GLG CO [WC
GLG CO ]QCG ]C HO [QHC GLG HOLC GSHZG FYQ GCSHC RLSU RCN L PHZQ ONQ GSNT GD RLC
UU EOZ EJ FHL GQ ]H[EC LWU GSNT JQ HGSHZ
RLQCL CO HGQ[L CO PC RHEN HO GUHFL CLG ]QCG M[HYO RN GHU PEG H[DJ ]C ]HSHGO [HTC HSUQ HL[DF MH]Q
[HTC GI PE ]QCO HO RLQCL LFN ]HSO M[YHGH HL[DFD HO
GSNT ]SL]S RCN RLC NLWUCH G]Q CLG GQQ UFHL [NHQGN [DHFQ RLC PL[DFG ]HKWN GC[S GLG RHCEG L[DF COHOH
OFST ]HSZO [HTC GLG RN PC UF] OFSTD CYQS T[C O KHULQF KHULQO HJO RLC RLFG FYQ LN H[DJ LSWO OHNQH
[HTLCG RNOH MND PLFLWZQ PFC LSD L PHZQ ONQ COC HSUQ CO GIH HSLQCQH HUFHL HSLC PFC ONQ HC PHNUQ
[]HQ ODLZH [DTH HULFHG ODC HULFHQ HSLCN Z[ CHG
]H[ HOKS RN PC COC ]LDG OUD O H]DOH HSDO PGLSWO GQQ R]LO RLC[ RLJ[HCG RLCH
GFHUT G]LG C[QED GUQG RHEND CZHF PLZTHWG HD]N FJCD GUQH DGUDQ
[TJL COH RJOG OU PL[DF GD[G L PC ODC PGO [TJLN LLD]Q ]LDG OUD CYQSH ]QYQHYQ
PGO R]LO PLC[
MNHJ JZH[ RQ [WTDH PLL[LGQ PGO R]LO []HQ [LL]SH OHNCO HON [DN PC RN ON GI LWOH
QZT UZ G[H[D GSQD CDHQ [LQJGO GI OND
[JC TSNGO J[HCO ]H[ RLC HH ]HN[D LQOH[LD CDHQ DGUDO LLDO CO ]H[LGIG GIG RLSUN
RLC PLQUWF GFHUTG VHTD GQHFNH RLCHSH GOLQ ]FHUTO PLCDG PLHU PG GWL COH ]HC[W[W O
P GNOG [HCD LLD]Q CYQSH PGLSWO R]LO GQ ]LDG OUDO
GSQLG OHKLO ML[Y GNH]J GSG FLE GSQLG OHKL ML[Y HSLC GQLO H[LDJO M[L JOHG
]C ONCL H[DJ CQ PLHJ GIQ RCNQ FQO PLSHC[D CDHQH HGQ [HTLC D FDC[G GSG FLE
][ZHSQN ]LC[S ON HCO PC GOHN [ZLS PC HSUFL COH HO MOGH [DG ]C [ZLS LQ UQQ FLEG
[ZLS [ZSQG MN OU MHQTO [WC COC RLFNH ]FN GOHN ]C H[ZLS ZHFDO LZDO G]HC[GO M[HY RLC
LN ]HHYQ [CH [HZLS OYC PLLHYQG DH[ MN PG PLJQHQ GKLJ OYC PLLHYQG DH[ PNH L[QEO
CYHG FLEG CFHHO LZDO H]HC[GO GOG ML[Y COGH H[DJO JOL CO PUK GQ HJO ML[Y GLG PC
HOHN
RLFG FYQ RCNQ GLC[ RLC ODC ]HUKD PLOLZQG PHQ H[IE [WC GLC[G ]HJFO HFFY LH
R[GH FDC[G L[DFO PLNTGH PLU[G OLDD GSZ] HU CO D]N HL[DF VHTD COC CD[G NN HJO RLC RNC
PLOGOH [HIJO FL]UH H[HZLS PLOG CO [WC MOGH [ZLS PHZQD HJO GC[S FHU D]N
D Q ZL[GQ ]HD U >[]G PU [HTLC ]DH[U]D [HTLC ]ZIJ RLFDH@ HOOG C[GH CD[G L[DFD VTHS QHQ
CLD [L L[U IS CJ ZJYL L[W ]H GH IE C]]UQ
CQ[
]UF VTHL
HGUKQZF CHG HGSLC "HGO LUKQZ CGH LSDI CO "COLJ LSDO C]WL[K OWS CQLOH DU
GUQD PL[ZQG RLD OHFE ZHOLJ L PEG RQJS D[F GL[D C[KHI [QF CG LN HGLLWS
PLULFHQ RLC GSHHND COG RCNH H]HUKGO OON HSHHN]S CO C[WT D[H CD[ RQJS D[F GL[D C[KHI [QF
[DFD ]HUKO PHZQ PGO R]LO LFN GW[K CLG PGO
J[NGD HGUKQ HSLC ON GOLJ]NOQ RLHNQ [CN PE COC MND C]HZWS RLC C[QEO KHW JNHQ
CQOUD P[E COC HSLC GLUKG HI RLC GW[K CHG CQ [DFD ZW]TGO H]UF OU ]HOUGO GOG OHNLH
LFN PFD PLFDN UZO PL[JHTG EGSQ ]HFHC U CO CJ FHL GQ ]H[EC LWU HQYU ]C GUKL [JC PFCO
GCSHC PHQ [DFD RLC GKHS []HL PLWL HC[LL
]HUO LHC[ RLC WNUH ]HW[KO PLSHZ HCYQLL LFN RCN HQN FTWGQ GOYGO COC GIN RWHCD H[L]G CO [QHO L G[HCNOH
MN PLUFHL ONGH RLLD [DG ]H[O PLDYZG EGSQ PHZQD HOLWC KLJN[ QHJ I[EG UHD NQQ [DFO GLC[H RN
]QCD RQ CHG GSHZG [HDTL HJO L LWO GIQ ZJ[L HWS [QH ]H[O []HQ GI RWHCD D]N UQTG PN[F
OHCO HO GLGH P]H[O M[F PLUFHL ONG L[G ZWT PHZQ GSHZO L LCFH LWUC POHUD PLSQ GD[G L L[G
GI RWHCD VC GCSHC PHQ HJO L NLWUC GLWSO LUKQZF HGLC OC COFQH
UQTG L[DF G[HCNO PLC[Q RNH GQ ]H[ECD D]N HQNH FTWG RLC PHZQD PE [DFD [HTLC RLC RLFG FYQ GC[S POHCH
J]HWD UQQH PJ]HW LSC MOLDD HO [QHCN LSHSJO ]H[HNQG ]HLDJ J]HWD [DHFQ [QHO L[ M[YHG MNO [NISG
[]HQ RCNOH RCNO H]UF OU ]HOUGO OHNL [CN P]TD
LNG GLO ][QC CQUK LCQ CD[ GLO [QC [Q L]CZF RSLUFL GHG CO RSC C[WT D[ GLO [QC
D[ [DT GC[SNH GLWS LUKQ CZF HGLC "GLO RSLUKQ CZ CGH GLO [QC GL]UFO GL]LOJCF
HDDOD ]QC [DHF H[QCH HD ]FJHLQG ]QCG ]FLQD C[WT D[O HGHSLLY JW DDDH ]UF ]DSEH GCSHC OOND GI PE C[WT
C[WT D[ RHEN
PSHONH PD]NN
LSJDQD ]HOCGO ]HDH]G ]C DHSEO PLFLQO]GO RL[L]Q ]HDLLD UQ GQ OU H]OC [DFD GSG
[HTC GI [DF GLG DHKD H[QE ]HFHU]G ]C ODZOH ]HSHGO LFN TSUIFL[ GSLFQG GHU PHLTG
RLOHJD OCHQ [QCFN [HTC RN PE ]UF ]DLSE Z[ GI RLCH G[H]G RLFQ COC C]HNOQF CSLFQ Z[ CO
VC CQOU LOHNO ]UF ]DLSE CHG CNG RN ONH PHNU O H]UF HOLWCH ]HL[DG ]UF DHSEO [HTC
FJC OYC HQYU [LNGO RQIG MQD H]TS[WO GY[LN CGF QQ RHQQ ]DLSE CHGF COC OC[LO
[QE MLC GFHU]G HO GC[L CHGH OHJF HLFHQO DKLG [QE LQD PLQUWG DH[D PLYH[H HLZTUD FHDUO
QQ RHQQ ]DLSE HGI HGHODZ GI MQT OUH DHKD
ML[Y HSLC [DF OU FLWZQN CHG LNGF C]UFC HOYC FHDUO HGHODZ PC VC [QHOH ]HUKO HO RLCH
[HTC PEH H]ODZ GOKDH CFLWZ LCFH CHG FLWZGO RLC ]QC CHG PC VCF CFJ [ZO LC[
FHUH EN QDD ]HSO LC[F LOLQ]O]GQ HSLCF [DF PHO UEHS HSLC VC RWHC OND [ZO
[]HL CHG OHJ LFHQOD LZD CHG LQF PL[DF LCFH LF FLWZGO MLL LCFH LSLC RLFLWZQ RCNF
FHQOD GI LFL OU JLH[L H]DJQO VC [HTC LCFH COLQQH R]QH CQQ GTS[W LZTU LSLSUD UFHL
UFL CO CQ EHCFO HO RLC G[H]D HWS GZJ PCH DHSEO [HTC G[H]G FHQO OLDD PE G[H]G
DQ[
GY VF RLOHJ
FHQOO MOHG [JCQF G[H] OHKLD RLSU GID RLC ]QCG ODC HGLLOU DHK RQLT HO GLGL COH MN ON
OKDQ PLSW ON OU CHG RQIG LN UFLO CO RWHCD FQHON CQOUD ]HOYU Z[ CHG OHJ LFHQO
]HOYUO OE[]QH FQHO GQ UFLO CO OE[]Q GD[FCH
]HDLLG DL[JGO PLYH[ HOCQH ]HDLLG LCSHQ [Z CHG NUQ UQ [DFG PYU [H[D ODC
PLFLQO]Q LWLFU OHJ LFHQOD VC HOCQ PG GDLLG LSD UHFL GD[FC LN U[D ]HOLOU OLOUGOH
CSHO PT[HWQ RH]UD GI D]NS GLG VC [Z O ]HUHQGO HJL OCH PGO [WT L]DD PLFQHO
]H[EC MH]Q OC[L ]FH G[H] LCSHQ DINH [Z CHG COQ GWD [QHO NUQ OHNLH G LC[LH G[H]
O DJ QHJ GQ
KL ][DHJ VHTD PLJWTSD ZDD RLLHYQD U PHNUO ]UF ]DLSE [HTLC RLSUD FHU
GY VF
PLSHC[G HZOJSH C[HTLC ZIJ]LCF [HTC LNG HCO CG GL[DJO GL[HUYO RHHNLCF CQUK
[HTLC RLC CQ HC GW[KG OU UFHS P[K RLOHZQG RQ [DN JZOS [DG PE [HTLCG OOND PC OI
DH[G [JC PLNOHG RLC CHG HFLJH CLG DH]NG ][IE UHDZ RLF RHLN CDGOH RCNQ JZLO COC
]HULDZ PHZQD ZWTG HD FOHS CO PFHZ JZOS GQ ON ODC MOLCH HHFLJ ]UQ COC HD MO RLC
][QQDH FD ]LDG ][H]D CD[G NNH [L]GO TH]G PD HCLDG R[GH CD[G []HQH [HTLCG
U[WQO [THC P ]LDG ZFDD GC[G POHCH ]LDG
ECQ DJ LHOG KD GF [L L[U P FJ L[WDH FLZT LZ FHL M ILN C[G ]H GI RLSUD UU
U UHDZ RLF FHTLD
[HTC HZWT JZO RGQ HILCQ UFHL HSLCH RGQ ]JCQ JZOH ]HLHSJ U]
CQ DJ LHOG KD ]H UUH KU RL[FGSTD RLHYQD
LDE OU ]OKHQ CLG RQI ON COC GODS PHQ HJO RLC LWO LSC PLDNHN FDHU FLD CYQS
GODS ][HY GLOU RLC L[NS FLD HOLWC GD ZHTU PFC RQI ON ODC ]NOHQ GODS ]QEHFN UZ[Z
UZ[ZD MOHQG [DG MNLWO ONCLH OD]L FU [DG RQ PGLFL ZOTO CO GLG PEGSQ LWO
[HCQG OUD GODS ][HY GLOU L LWO D[O [HTC RLUG RQ POU]SH
HGHCLDG PLLJ LOUD [C HC PLD[HU CQ J L PHZQD COC H[TC CO FDC[GQ CLDG RDQ[GH
HLSLU PLOUG CO D[D GUQGH []HQ PLHU PLY[GH ]HWHUG RLC RWHCD GLHO] ]CYQS PC CG
CD[G LHFJD PE UH J MNLWOH P PLS]HSH PLCHSH PLY[G RWHCD GLG [DG RQ
FHL UHD ZTW RNH LQOH[LD H[HZQH [HTC L[NS FLD CYQS ZTW DLJ ]H[HTC ]HONCQ PDQ[G
RQ POU]S [DQ []HL OZ L[NS FLD CYQS [HWQ HS]LEHTQ RDQ[G MN OU GQ] [DNH CET
HIL[NG CO PHL H]HCDH GW[KG OU PLIL[NQ PHZQD HSLLG RCN H[QC GI GSQVTND X[]H RLUG
[HTCH RLUG RQ POU]S [DQ []HL UH[E GI L[G L[NS FLD CYQS PC PLIL[NQ RLC PHZQD ODC
D[N ZTW PDQ[G ]KLO
EQ[