OYI MD[ULHC I[EG OCS GSG GNOGO
GIH PLQUK GQN MQT OU []GO FFLYH HQCO ]HZL[I ZL[IGO LC[ PCG GJQHQ DHJ [DFD DJ
HL[DF V[H]
GQ [HTC [JC CNLOFD HOLWC VTHL]LDG ]KLN [LQJGO HJO L G[HCNO GC[S GLG LW OU VC
LWO RHLN PHZQ ONQ ZSJ ]EE ZWTO TSNGO RDO HO GQH G]CHW[D DLLJG OUD GC G]HCO L PE
LN CQOUD C[QHJ HGI PGLSD ]C PLQNJG HUSQ GQ CQ[G ZTW H]HQN GLQLUFH PDQ[G ]UF
[JC CNLO N DJS GI L[G PSJD GUL [JC RLCH PSJD ]HZL[IG ]C GUL RDG RHLNH [JC
DOO GWL D[GQ MNO FUT CLDGH
GIH M[HY COO [JC PHZQD OHDJL HOHWLK LFN MH] CQ [HTLCG PUK COG PL[THCG ]UFO HOLWC FHUH
[D]TQ OON G[HDJ GHU GSLC DH[ LW OU ]HZL[I ]Z[IG ODC HFNH XHZ ]CYHGDH GIZGD MLL
[LQJGO RLC
>U[C] PC ]HUKG OU PE@ H[LWD PLOJHQ PCG HC DCG PC JQ MHSLJ]JSQG L[DF GIO V[LY FHUH
RN UQQ CO PLZTHWG L[DFQ LN PCH HI GKLN JLNHGO D]NH OON [DHU HSLC GI OU HO PLHYQH
GNOGO VLSTN PW[YO LH ZSJ ]EE O GIN G[ZQD HJO RLC PG C[DT L[DF PHZQ ONQ
GI RWHCD@ [JCGQ []HL DHK GOHUWG GUL RDG PC COC [DFG [L]G CO KSZ LJ LHOG KD ]HDH
[NG OU FCQ I[WHQ [N OHKL [JC PFC RWHCD HC >[L]GO CQ[G ZTW [JC CNLO [FED OONS
OLE[G
PLLJG [E H[WTD OYI LZTSLYZHK QL[EO GDH] DO GQO ]JSQ
HQCH HLDC GOZQ [H[C F C[Z [W IKIN CHD] GQNJ MQ [WTD ][CD]Q GOLUHQ GOLJQ RLC PLZTHWG ][DT C
GDLTG HIH MN OU H[[C RNOH RDG O HSHU OU TJ CHG L[G HO OHJQL HLDC UFHL LSWQ H[UYQH HKLSZQ ]HOZ RHOQ
NU [H[CD LCZF C[Q PGO HOJQ COH PGLSD HUSQ CSLD[F GL[D [QH D[
CJ ZJYL L[W ]HD RNH JN GOLEQ RDC L[HKD
GCNG LDEO GOLJQ GOLUHQ RLC H[LWD PLSH[JC GQN HKZS RNH
GQ]H@ HCO G RLSUO OLUHL CO FFLY H[DJD ODHJ RLSUO HOLWCH GCNG LDE GOLJQ ]NLL RLC KHW [DFN KZS FS LTHT
OU GQ] KSZ LJ DFN ]HHYQG T[KSHZ GJ FDLZ DJ LHOG KD ]HD RNH >RHLIDO GCNG GHG CHKG OU P
GCNG RLSUO DCG ]OLJQ GOLUHQ RLC PLZTHWG RQH C[QEG RQ GC[S JSQG L[DF
OON LHYQ RLC ]L[HU]]G GDNO HC [L[O GZL[ID Z[ COH@ ]HOLE[ ]HZL[ID COC [DLF CO CI[EG GC[S G[HCNO D
CCH GCHW[G M[HYQ GI RHLN GC[S FHDLCO PF ]WLK ]CYHL FLQ] PEG FL[HO GZL[I HOLWC GC[S COC PF CLYHL
CQ JLQO CNLCF PF ]IZGO QQ GQHF GC[S DHLNH ]HWH[] ][FJG M[HYO FL[H ]JL]W POHCH >HJO RLC LNG HCOD
CO ]HJWO []HL GJQHQ RLD ZOJO RLC GC[SH R[G LHFJD GI J [HWQNH GD[G [DFG LHYQ HQN FL[HD RLHNL CO
PLZTHWD DYH RL[HULO PGL[DF PLQNJ HS]S
LHOG KD ]H HT DJ QHJ LWN GSGH GF HO EJ FHL GQ ]H[EC ]H F LTHT DJ PL[LQ DDHF ]H UU E
EDLZ DJ
GW VF
"H[L]G LQ [JCH PGO [QC "HOOZOH H]HNGO HLDCO JLO GUL HGQ RD ] D[Q GLSLQ HUD
"GOU LHG LCQ E[GLO CYHLG UQ C] VLFU PLQ FHDN LQS CNG VLFU PLQ FHDN COC
RHFLSG ON PL[WQ L CLEHTG H[LWD PLSHC[D L ]HKL L] CSHG D[ [D GD[ [QC
JZ
GW VF RL[FGST
OOND HGL[GH GDH] GU DCG RWHCD ZTHU CSHG D[ [D GD[ ]SZTQD RGH GOCD RG CLEHTD
H]CNG OU PEH@ H]OOZ OU PLDLLJ RLC DH]NG RQ KHUQQ COG LNG HCOD ODC MQU GUQ GHU
GUN GF DN ]HQDLD TH]G ]KL CLG MN GOLJ]NO VC []HQ MNOG >GOOZO GCNG RSLZQF GQ LWO
RCN R[G LHFJD GNH
H[L]G [JCD PN HSDO [JC PFC H][DTQ ] D[ GHG FYLN HI GKL OU GZG FOZ CJ FHL GQ ]H[EC ]HD@
D [ H[QCH HJF HOOLZH HGNGH HSD CDH E[GLO CYHLG F C]LL[DGQ JLNHGO HCDN COGH RDD LQS LNG PLQ FHDN PHQ
[JCO GHGF LFLQ DLLJ HSDD NLWUCH MQUD PLHZQ HSLC PHQ HSLLG [HKW [JCDD GQH GDH] GUD FLQUQ ]
"HSDO [JCQ JLNHG FYLNH FD JLO O GOOZH GCNG RLSUO HQYU GI ZHOLJ [QCS CO UHFQ RN PCH
G]LQ
PLHZQ FYQ RDO [JC RLD ZHOLJ L GIDH GHYQ O GSLC GOOZH GCNGD ][DFQ C]LL[DG RHLN LWHD ZOJO L PSQC
PLQ FHDN PHQ [JCO []HG MJ[N OUH H]OOZ HC H]CNGD RLF ]LD ]HJLO GHUN [DLF ] D[ HOLCH MQUD
GIDH >CQOUD LHFLSDH ]HZOQD COC ]HQO MOHG OON [DHFQ RLC L[G MQUD PLHZQ HSLCF []G GID MLL RLCH@ VLFU
>GZG QECG ]SHHN [CDO ML[YH [JCO HSD RLD ZHOLJ RLC ] D[ [DT
D]NH CLH PL[QQ QTND HCDHG DN ]HQDL C[GH VL[GH ELG PL[QQ PDQ[G ]UF CLG RN
L ][JC GKL
POHN H[DLF OCUQL LD[ LDF CS]H CSHG D[ [D GD[ RNH ] D[ L[ ]KL ]LC[S RN P QECD
OU VCH [HTCO HZLTG VHTDOH H]OOZH H]CNG [L]G ] D[H PL[DFG ]QL]TN GDH] GU COD
L [HTLC ODC SHU DHLJQ COC KUQ]S CO MQU GUQ GHU HSLC KUQ]G LW
DLG PL[QQ GCLQJ L[IU LDCDH X[L] COH [DFD GQ] GKL RL[FGST LC RHIJDH [HTLCG O H[HZQ [CHDQ CO C
SHUQ KUQ]G PE COLQQH [C] CO MQUD DL]N P]GF MQU GUQ GHU HSLC KUQ]S HCO G RQ PSQC GFJ C[DT ]CDHQ
GUQ GHU HSLCO KHULQ HD RLC ]QHL ]HQ HQCH HLDC OOZQH SHUF C[ZDH ]HLG MC PL[LGIQ NCC PLSHU RLC L[G
WNU G[GIC RLCH [JCQ OUHWD PLLSUQ RLC LN PCH [HTLC OU G[HQ SHUG L[G HQYU GI C[ZQ [HTLC LSC UQH MQU
> DN ]HQDL MOQG ]CQ UUH@ FNU CNLC CGLQ C[HTLC
MQUD F KHULQ P RLC L[G HQCH HLDC GOZQ [H[C F C[ZQ [HTLCO [HZQ HSLYQ []HL KHW RWHCD GC[S GLG G[HCNOH
DYH
PL[QQ L[IU LDCDH SHUGQ KUHQQ LN PC U[D HOLWC [HTLC L PFC [C ]OOZD VC D]N CO[ MHSLJ ]JSQD D
JQ QDD TH]G L[DF KWQ G[HCNO [CHDQ RNH [HTLC FJO HSO RLSQH GI HCOD KUQ]S L[G MN OU ZOJ DLG
PLD[F GU PHQ HC RSLWOL GKHTQ CQ HD]NH H[DJ OOZQF HCO GJHF LHFLS RLSQ HFQU HGQ GF FL ZHQ TH]UH
QQF HKZS [WC MC
JQ QD OLESU L[O TG LSHLOE U HCOG [QCS CO MQU GUQ HSLCD COG PGL[DFD DYH
JSQGN PGL[DFQ G[HCNO JNHQH CNLC C[HTLC
H[UY RLSUO CO MC HD UL[Q [DFG RLSUO COC MQU GUQ GHU HSLC KUQ]S CO KZS DCT] FHL [IS LSDC ]HDH
JQ QD ]UF VTHLD CDHQDH JO CQHL C[GQ ]HFEC LHFJD UH PL[DF [CD H]CSHCH
MQU GUQ GHU HSLC D ZHOLJ HSLYQ L[H PDQ[G ]UF LWO D]NH GI RLSUD ML[CG FOZ CJ FHL GQ ]H[ECD E
HOLCH MN OU E[GS HSLC [HTLC GU LWUC HE[G RDGH G]LQ DLHJQ DCGH GDH] GUD PE OL DHLJO [HTLCG RLD
LWO
G]LQ DLLJ HLDC ]C E[G RDGH ]CI FJO HSO RLC SHUO [HTLCG RLD ZHOLJ HSCYQ CO RHLN TH]G ]KLO
C[QEG ]SZTQ
PFC ON O ]LOONG G[GICD GOHON CLG COC POOZQO HC HQCH HLDC GNQO ]FJHLQ G[GIC RLC RHLN H[LUG PLSH[JCG F
E[GLO CYHLG HLDC ]C OOLZ HC GNLG PC SUS RDG FYLN MQUD PLHZQ HSLC LQ [HC] CO MQUD Q HKULQ RHLN RN PC
RLSUG [HCDD PLN[F GQN H[QCSH " FHUH T[ FIQ MHSLJ ]JSQD [LUG RN G[GIC G[QCS CO GIG RWHCG OU COGH
MQUD PLLHZQ HSLC LWUC RWHC OND [QCS HCOG PYU MNOG VLTHL RW HQYU HCOG PHZQD [QCS CO MQUD F KHULQG
KZ
]UF VTHL
P QEC HCOG [CS DCD ODC [JC DH]NQ GUZWG GSL OLE[ PFCD COC
LCS] OND CZHF LHO] SHUG J[NGD RLC [LGIG DH]NG [JCO QQ [LGIG PC COC SU CO G[H]D CLG GFQ LWUC
RHEN OLN[ MO] CO F HCOG PLLZ CO RWHCD U[ P CLYHQG SHU RLSUO RLF HFLJ GIQ FFLYH CW GQO ]JSQ G[GICG
MQU GUQ GHU GSLC GCD
GSQ PDQ[G PUKG GIH P G[GIC GD]NS HQN GI L[G PCH DCD SHU [HWQ [JCQ VLTHL RW Q FQOS HCO G PEG
]JC G[GICD G[H]D [HZQG PEG PFC ON [C ]CNGH ]OOZ ]HHYQD ]HOHON RSLCH ]HF[WS ]HHYQN P]CNGH PL[HG ]OOZ
EG ZLIQH ODHJ CQZ L[IU LDC
H[QC GOOZ [W L[ H[L]G LQ [JCH OC "HOOZOH H]HNGO JLO GUL HGQ
LHFLSO GSHHNG
[DHU LHSLN HC P COO H[DJO OOZQG P FLJ GQO UHLT IN RL[FGST LC RHIJD CLDG RCNQ
RWHC OND L HCO [HTLC ODC ]HZOQ SHU RLSUO COC HT OLUO U HKULQ COH C]L[HCF HCO D
ELG PL[QQ OGD PDQ[G [W RNH
GI ON HSLFD LQS CNG HSLFD COC "RHQQD DLLJ HSDF OONQ RHQQ [HKW [QCZF [HKW LCQ
CTN GO L[CZ LCQ GO L[CZF RCN ]HZGO MLL RLC RNOH [JC X[]QH GZQ RCN RLCH GZQG L[DFQ
PLQJ[
HSLC OOZQG VC PLLJQ COC DLLJ HSLC GNQ GQ OOZQD DLLJH GNQD DLLJH OLCHG OHNL DU
OLCHG [QHJHOZ G OU H]NLQT [ZLU GNQ GQ [QHJH OZ FHUH PLLJQ COC DLLJ
OOZQG ]C [HKWO ML[Y GLGH GNQDQ []HL OOZQD [LQJGO HSO GLG CO GOOZDQ GCNGD COHZ HSLYQH
RHLN QQ G[HDJ P RLC ]L]HCLYQ GDLT PHQ [HKW G]LQ [JCO GNQG LWUCH G]LQ [JCO
]CI GKZS GSQG RNH@ [QHJH OZ JNQ OOZQG OU PE OZGO GLG OZ GNQG RLF [DF O HWHTD
>OOZQD [QHJ N
OOZQ@ [WC RLSF RLC G]LQ [JCO [HKWO GNQQ OOZQ FHQOO MLL RLC [QHJH OZ G COHO POHCH
R[G LHFJ LWU >GNQ@ [WC LCQ >G]LQ [JCO MLL
[QHJHOZG COO PE RSLZQ [QCF RCQO ODC C]LL[DG ][DHT RN GOOZO GCNG RSLZQ CO [QCF RCQO CZHF GI PSQC
RHEN ZGD CSHHE LCG LN HSLYQ RLUNH@ FJHLQ FHQLO COHO G]LQ [JCO OOZQ [HKWOH PLS LZGO HSO GLG G[HCNO GC[S
>]HD[ GSGNH [JC RWHCD ]NLL GSLC G[LNQ PEG [JC LU G[LNQ VC [JC LU GJLDK GQ
C]HWOLD M[HY RLC G[HCNO HSLYQ GQ COC ZG GI RLC RSLZQ GF CUD OLUO L[ D]N RHC[G H[LWG LWO POHCH
TH]G HD]NFN MQUD PLHZQ HSLC PHQ [HKWO CHG L[G RHNS GI RLC MC G]LQ [JCO OOZQO ]FJHLQ
E ]NTQG C[D H[QC GQ PU PCH] GI
PFC LSD RHON G[H] G[DF "LC LCQ GLO ZHWL]H
L[G RN [DHT HSLC P GLCL LD[H CSLLF LDEO D[ZLO CSLF GLO ]LCF RCQ LSLC L[QCFN KZS CQOUF CSLO R]SHL LD[H
HCO PC PFC LSD RHON DH]NG KZS PCG P]KLO PG PLNOHG
HUQQ PCG G[H] G[QC [HQLU ][FEGD HZOJS [WO L
HGLLSLD CNLC GKH[W GHQ ]HJW [HQLU
HSLSUQ FQOG [DF PHQ RN RLDG [WCH GFHGL LD[ ]UF CLG MNH LWTN JHH[ ][KQO DSESG OHYLS HC CFL[E HQLH ]HFDU
DSESD GHU PLJHH[ LEHT LS H[NQH HD [QU]GH
LZ
HW VF RL[FGST
[W COH P]T RL]LS]QF CS] UHFQH@ CZHF GI RWHCD GFHGL [H CQZ CS] ]ZHOJQ H[W GQ MQT OU GI LWO DKLG RDHQH
[QU]GH [QCS HD [QU]GH H]H[O HSTLSNL FU GSQD GFHGL [ L[DFQ UQQ RN
>C[TJQ L[HTJ
H[QC CO L[GH
LJHH[ [HQLU OU [DFQ HD [QU]GH G OU FQO H[NQH Q COC "GLQ [NF RCQH H[NQH CLDG M[HY GILCO H [ N Q H HD
L]UQ G[LNQF CLQHF
H]H[O DSEG HTLSNG COH DSESG ]H[D RLLFU CHG [W L[ [HKW H]H[D HSL RLLFUH H[NQ
DSEG ]H[D CHG PC UQQH >G[LNQ COO GDLSE CL[O OLDZQ GDLSE COO G[LNQ HI L[GH@
>L[ ]KLD IKCN ]HQ RDQ[G ZLLF RNH@ JZHOG ]H[O [DU CO PEG DLLJ
[ D N HUQQ HFLD CYQSH H[NQH HD [QU]GH DH]NG P G[H]O HH[LWD L[ D]N HI H]KLNH
CO RHLN MNO UHLT L RHOG ]SLJDQH@ HFLD GLG PLFU HC[ [QHON H[NQ LSWO DSEG FLD CYQS
>JZHO O HFLD CYQSH [WO RLC [DHT RNOH DH]ND GSHZG [NIHG
DSEG ]H[D CHG RLLFU PC C]LL[DG ]SHHN HIH JZHOG O HFLD CYQSH [W P RDQ[G POHCH
G]LQQ [HKW GSHZG ]H[O [DU COH
RDQ[G L[DFN C]OLNQGQ JLNHG POHCH ROGO C[QEGQ L[WO C]ULLT CLDG DK GDLSE GC]LO] L[IU LDC [WTD U C
RLSUG OND EUY D [CSH
H][LNQH H]DLSE RWHCD PL[JC ]H[O DSESG ]H[Q HCLYHG FLQ COC DSEG O H]H[D GLG CO PC G[HCNO GC[S D
DSEG OYC [HQLU RCN RLC L[G [HKW
]JCN ]HCD
[JCO H[NQH HD [QU]GH HDSE JCGN RLFG FYLN HLJC ]H[Q HSCLYHL ML[Y ROGO H[QC GQ LWO RLLUO L DHLNH
JCG ]H[Q GCYHGO PFZ [HQLUG RHLN CQ HC GU G]HCD [NQH DSE DJLL [JCO GCYHGG ]U OU DLLJ]L PCG
[HKW
OU FJHLQ LHDL[ ML[Y L QD ]LEHT LWU TH]G H[LUG
HFLD CYQSH DL]NFQ H]H[O HSTLSNL ML[Y FHQLOG VHEO
CLEHTG ]SZTQ LWO HD]N L PSQC HS QDD CLEHTG ]HKWQ GOHU MN RNCH HFLD GOQG ]HUQQ PYUQ FHQOO RLCH MN
]LD P QD FHF FL U C]ONQG PD RCN L[ L[DF ]HKWNH QQ FL COH ]H[ OU G[HQ G[H]D HFLD EHQG P
RNH ]H[KD DH]NG FL RHO OU HSHLFD EL[ FJ CD[G ]HD UUH CFN CY] GQNJ MQ FYQ GSGH GF CGT LL
EN C [HK OHQG KHJ ]HD
HW VF
RL[HJ RD HLYJH FDU HLYJ LQ LKHUQO OC[L LSD PLFDU LZHWCO HLJCQ [DT GFHGL LD[
M[YS LWO OC[L LSDQF Q [HF M[FN HLJCQF Q H[FO RLCH LKHUQO OC[L LSDQ
OC[L LSD HLJCQ WS [QHO HO GLG M[YS QG RLC OC[L LSDQ RN CO HLJCQ WS HWHEO
KHW SN
HLJC CGF HGO UQQ CO PLFDU LZHWCO HLJCQ RSD[H PLFDU LZHWCO HLJCQ [DT GFHGL LD[
RD HLYJH FDU HLYJ LQ LKHUQO FJH FDU LKHUQO FJ OC[L LSDQ OC[L LSD ]HYQD CHG
COC KHULQ [JC KHULQ RLC OC[L LSDQ OC[L LSD PL[QHC RLC UHFQ [QC] PCH RL[HJ
CLZ