HN[Y ON OHDQ PCH@
HN[Y ON OHDQ HSLCN G[LN OU H]HGGO [HTC HO GWLH ZQKYQ ONCQ
RNH RSJHL LD[N PL[L]Q OC[L X[C D[UQ LSDH [DFD [HTLC HEGS OCHQH D[O PLDH[ZG ODD HSLLG J[IQ LSD
[]HQ HO U[H ZQKYQ ONCQ RLDH >LC[ J[IQ LSDN HQYU OU [LQJGO GYH[GH COHZO EHGSO HSO L
LCTH[F RD ONCQN COC HN[Y ON OLD CO HOLWC H]HGGO
HOHLD MLQGO HO GWL LCFH HN[Y ON OD]S CO RQI ON LW OU VC CWD IQ[S RNH H][DT [WO L C
ODC G]U G]JL CQ PLHJ RLC HO U[LH ZQKYGO OLJ]L HN[Y ON OD]LH G[LND [CLL RQIG MQDH OLCHG MC
HN[Y ON OHDQ HSLCN WNU LH]LJG LFL OU HOHLD [GQL PLHJ MN [JC PE HO GWLH ZQKYQ OLD]
EFN DJ OHDI ]LD ]HD [HCQG OUD L[DFD GFJ G[DT GC[
RNH ONH ONQ HI G[DT GJFH HD [IJ HL]HWTH] D POHCH GI[G ][DTN CL KZOG [WTD D]N GOLJ]D FL[G RLHYL D
PLSHC[G [C HI G[DT OU HGQ]
[WTG VHTD ]HDH]H ]HOCD PLZTHWG ]HKL PHNLT GC[
E
GFHGL [D OCHQ D[O RSD[Q CHGG GLO [QC RSJHL LD[ [QC GFHGL [D OCHQ D[ [QC
RSJHL LD[O MO CSLQCZ LN UFL CSC ]LO HKC GLO [QC HGLHH[] L[QCF OCHQH D[ CG
P]T UQ [FQG ]LDO XHJ COC [FQG ]LDD GUQ CO GZG RSD[Q CHGGH CSLQCZ
CHGG GLO [QC C[QEG RHOQ ZLLFO L RNH@ RSJHL LD[ PHQ G[QC OCHQ D[ HLSWO HQLLT COH
[QCN FQUQ H]HCD ]CI HO [QC CO G[HQ HI ]WTH] G F H G L [ D O C H Q D [ O RSD[Q
DLDCG FJ UUH CDKL[ LWU >[FQG ]LDD HI GNOG
LNG GLO FDUQO L[ LQS ]DD HOLWC CHG RNHTQF RHLNF GFHGL D[F GLSLQ [D GLO [QC
JLNHGO D]NH GLO FDUQO L[ ]DD HOLWC CHG R S D [ F Q F RHLNF CLGGF GLSLQ [D T[E GC[S GN[ EJ XD]D
GSLY OYC PLOHJ ONG ]DD L[NS LFL OU GZOFHG CQ PQJ]GO [L]GO RCNQ
R S H Y Q F RHLNF FN ]LSU] XDUL[ ]HGEGD PE UH CDKL[DH R[G LHFJ D ]CDHQG GT[EN T[E []HL GC[S MC
GLG P H[W LWNH P]DL]ND PG PLDH[Z LN RSD[FQF D RSHYQF VOJ]SH XD]G L[WTD GOWS [WHT ]HUKH CHG
L[NS LFL OU HO ]HUO []HQ GLGH PLQJ PLONCQO M[YSH PLLUQ GOHJ GFHGL LD[
JO
VF
LQS FLIQD GUQ FLDU CZ COF LCG ODC ONCL CO FLIQD GUQ FLDU CZF CHG ODQ
RSD[FQ GLLG [HTLC PHQ ]HKWD H[QC CO GIQ RCNQ JLNHG JL PLFEQL[WG ONCL
ONCL CO RWHC OND RSD[FO C]L[HCF GNCOQ RLD ZHOLJ RLC UQQ FDULFD HTSZ CO MNO
GUQ FLDU CO ][DTO HN[YHG MNOH []HQ FLIQD HOLWC [QHO HCD RCN LN H]LLC[ ]HJFO LH
[HTLCD HTSZ CO [QHO L EEHD ODC FLIQD HTSZ RSD[F [HTLC CHG PEG GUQ GHU PC LN
GOLNCD []HQ RSD[F [HTLCD ]D GUQ PFCLLJG D]N RNH H[HCDD C[EG D]N RNCH RSD[F
HQYU HO RSD[F RL[HTLCD []HQ FLIQD VC UQQ C[EG L[DFQ COC@ HQYU HO HOLWC PHLD HD
CJL GNOG [HCD LWU >UYH PDQ[D UQQ RNH ]D LCYHQD
RHEN C]L[HCF G[ZLU GNCOQD COC JNHQ RLC RSD[F GNCOQD VC [HTCO PLFEQL[WG ]JNHG LWO PE [LUGO L
FLZ
JO VF ]D
JT HJH GS EJ LHOG KD U [HTCO GLC[ HSO RLC FOHS [HTLC RHEN RSD[FQ CHG H[ZLU [HTLC ODC RCND OHLD
GGH [DU RHO ]HKWN FLIQD [HQC ZWTG PL[WQ L LCQ GGH [DU HGO CLUDLC
VC [HTCO H[IE OLUO HSJNHG [DN LW OU VCH HQD CD[G D]N LWNH L[ RHO ]HKW UQQ RN
OU FHU TH]D CD[ LWU G[IE G]HCO PFHZ RLFG [ZLU FYQ RCN HZW]TS PLQL[UQG LSWQ EEHD
RCN PLFJ PLFEQ TG RHLOEDH ODK GF EQ ROGO TH]U TD [DU RHO ]HUQQ
GOD]S CO G[FZ GGD COC H[IE CO CQ HN[Y ON OHDQDH JNHD ZWTG PL[WQ LH
PDQ[GH VL[G H[W RN HO GWLH ZQKYQD PE EEHD H[TC CO GN[Y ON GOD]S ODC GN[Y ON
RN [WO HFFY TH]G PEH PL[JC PLH[LW GJF UH RDQ[G [LW RNH KE ]D
ZWT GOLNCD OLD]G [L]GOH COHZO MOLO L C[QED ZWTG KWS CO RHLN VL[G D]NH
COHZO RSD[F
]D G]HCO PGO [TC PC LTHL LD[F GUQ OU MQGD HSF GI HGQ GI H[LW OU PLZQ LH
H[LWG OU GZ RNH ][JCG ]DO HI ]D RLD L ZHOLJ GQ JNHD PCH GCDG ]DO HC
C[GQ [HTLCG RQ HUFL [DN COG GCDG ]DO PGO [TC GI HGQ RN PC FLIQD [DHFQ RHC[G
RCN HZW]TS ZWTGH RWHC OND [HTC JNHD L[ ]UFD C[GQG [W RNH FDC[G [LW RNOH
JNH UWH [HTLCD UFL JNHG RQ []HL OZ RLFD EEHGH ]HGGO []HQ [DT RLFD EEHD CHG
C[QED KWS CO GI ZWTH
EEHD ]DD OON ZQKYGH OD]G CO ONCQG RWHCDH FLIQD [HQC ZWTG PL[WQ LH
CQ RN ]HUO HCHDL CO LCFH LN PLQL[UQG LSWQ HJO RLC L[G GI RWHCD [HIEO PHZQ RLC
PC ZW]TGO PHZQ L FLIQD ODC HSC PLEEH P[QCD PE GOLNCD PGO [TCLLH OLD]G ZQKYL
> TH]G PD@ CDKL[G D]N RN HLUQ HOLUHG CO RHLN HTSZ CO CQ HC [HTLC [DU RHLN HTSZ
HLUQ HOLUHG CO PC HN[Y ON OD]S CO [DF GGQD RLFG CHG GC[S CDKL[G D]NH XLD[HG QC[ GIO RHHLNH
[]HQ
[LIJGO H]UF COC R[QC CO []HQ HFLD RFHU ][QCF CG LLDCF GLQQ GLZIJ [QC DU
ZHTWO L PLSHC[ GQN HD]N L[QCF CNLC [HTC [LIJGO H]UF RLC ODC
VCH DES[ CQ[G ZTW RNH C[ GI[ PDQ[ VL[ OCSSJ HSD[ RHCE LCG D[ GSHC[ RHON C[QHJO
LCTH[F RD ONCQN ]HJWG ONO OD]S [DN ONCQG L[G@ RSD[FQ CHG G[IJG [HTLC LW OU
DH[Z LWO RSD[F ZWT [CDN COHZO RCN PLNOHG RLC >RWHC PHD H[LIJGO RLC LCFH RN CO PC
R[H CD[ ZWTD [LQJGO C]L[HCFN HSLF ODQN GC[S G[H] [HTLC LFLO CHDO [DFG
C[QHJO PSHFO L ]D L[HTLCD RSD[F ]HZWT [CO PL[JC ]HQHZQD OCSSJ HSD[ L[DF LWU ]CI HDLJ[G L C
[HTLCD ZWT RLSUO CC[ GJD D]N GID CYHLNH FDT[ KJH JT HJH EOZ HY GQ CJ LHOG KD ]HD U
]HL[UF C[QHJ PHQ RSD[FQ RWHCD VC [LQJGO L FHJL
RSD[F ZWTD C[QHJO HZTW GC[S PLZTHWD ]HQHZQ GQN RLLYO LH
RSD[FQ COC HSLC GC[S GQU[G [HTLC PEG C[QHJO P]SHHN RLDG S OCS]S RD[Z DH GT ROGO C[H VL[ U
FL [JCON GCYHGH GQ[UG RSD[F L[] PHQ OZG OL MC OZGO D]N P CDKL[DH
FN ]HQDL FL[H]H LHQS CDKL[ CD[
FOZ TT JHC CHIJ UH UYH N P RHLYG [UDH IOZ] T[ GNOG [HCD F RKZ FUHQ CDKL[
HKZ
]UF VTHL
F P TH]G NHQNH RSD[F H[ZLU LWUCH GYZHQ ZWT RLSUO C[GQH E GYLD PLSL TH]
HSO RLC MNOG C[QHJO RSD[F ]HZWT GD[G HSLYQ LKT VTNG ]HFHZSDH CZWT ZWT LOON VHTD MG D]N [DNH
HSQYUQ RSD[F CZWT ]HFDO
[JG ]OLC DFY EJ JHC GQ ]H[EC ]H FL CJ ZJYL L[W ]H K PLJTW UHGL LSW ]HWTHS ]HCQEHF
PL]DG ]ZIJ Z[W VHT
JHC GQ ]H[EC [DH P R[DH KL PL[FSD U C[QHJO RSD[F CZWT ]H[DHTG ]HUF HSLYQ FHU [LUGO LH
KL CJ
[JCO HONCO [WC L[G RL[L]Q HO L [DF CHG LW OU VCH RSD[F ZWT PHQ OZGO HSF PLSHC[G L[DFQ D
GYLD L[DN RSD[FD HOLWC HZWTD [LQJGO L RL[L]Q HO L [DF COGH G[LNO [LIJL COO ]DG MH]D VCH ]DG
CZU[EG D]N RN COHZO RL[L]Q HO L [DFD VC R L F D Z W T HKZS JLNHGO L GIQ DELZ] JHC MH[U RJO
OGO GJL]W PLFEQL[WG NNH COHZO RL[L]Q HO L [DFD PE RSD[F CSLFFCZWT EIY] FJL[WG ]UF RNH
IQ PL[FSD R[G L[DFQ [LUGO LH CL PLCHOLQ LSDC ]H UH Y GL[C ]ECD D]N RNH IN CW DJ DHK PHL
PDQ[G ]UF P CLDG PSQCH G[]G LFL OU RL[L]Q HO L PEG [FSD PE COHZO RSD[F ZWT UQQ RLSUOH GF
QOLF PHQ H][DT CQH [HTCO
LDE OU JLSGD VC []HQ [LIJGO H]UF PC COHZO GSH[JC RHON HZTW PLSHC[ L POHCH
ICL[H FL[ LZTW CO[ GQH[]G [WT LWU [LIJGO H]UF G]LG CON PE []HQ HFLD RFHU PCH UZ[Z
PL]LIF GFT JQ ROGO TH] PE GC[H L[LCQ GC[G PD R[G LHFJ CDKL[
GQHFNH OTWT LDE OU JLSG [CN K[WDH GSH[JC GUFN OZGO FFY H]UFH GF DES[ GNOG [HCDDH
OZGO LCFH [D]TQ GI RWHCD [HTLC KLQG PDQ[G PE [LIJGO H]UFD RLCH HFLD RFHUD RNH
RHEN C[QED HZWTD RLFG CHG CQZ CSON PLOZQ PLSHC[G OU M[HYG PHZQD MHQTO L HL[DF LWO G[HCNOH
OSG PLZTHWG ]ZHOJQD ]CI GO] NZT ES[ PG[DCREQDH RSD[F CZWT PHQ OZGO L PJLQO PJLQQ HGSLW
HQN C[QED LSLOL[]D [CQ []HL HZL] D OZGO FY L FHUH [LQJGO L CQ[G ]UFOH OZGO L UHGO
DYH KT DJ JHC GQ ]H[ECD RN UQQ RLC MC OZ DJ XD]G D]N
CLG RLLFUH [LIJGO ]UF OU CO G[LNG RQ H[DJ ][FZ OKS PFCD RHFO CYL ES[ JHC [ELC CDLZU LD[ RHCEG
HSLC [DF [THC PFC RLC PN CQ HC G[LIJGO [HTC [LIJGO H]UFD RLCH OKS DYQO GQHF GI PCG HFLD
PLSHC[G ]ZHOJQD HI GOC ]HO]O GY[H H][FZ [LIJGO H[DJ OU [HTCO H]SHHN LFL OU GI OHNL RLC MN H]DJQD HO
HO HSLC [DFD [HTCO PFC OHNL GIN [HTLC PCG GDJQ PE HQU CG] ML[YH GUQ LFL OU CD [HTLC OU
[H[D GC[S COGH ][THCG CLG [LIJGO CO GSHHNG RLC RCN L[G PLSLSUG ]CHHG OU GQ] LE ]D L[IU LDC [WTDH
KHWG J JHC PLZTHWG HD]N PNH@ GFJ GSL]SN HI ]DJS LN G[LIJGO [HTC GLOCQ G[FZG GOWS PC PE
PCH >FJ VHKLU GI L[G M[DQ GLOCQ GOWS PC ODC M[DO ML[Y RLC GDHON G[LIJGO ]UF OU H]LOK
HLOCQ OWS HOLCQ GI U[E COH G[LIJGO [HTCH [LIJGO GSHHN RCN G]LG CO VHT VHT OKS [JC PFCN PE RN
RCN G[TJ RLC CYQS [LIJGO H]UFD GLGH GI O H]OLKSD GC[ G[FZG OUDN [HQC CZU[EG ZWT DLO L LOHCH
G]OLWS LFN MH]H HSQQ H[DJ GOKS PC PE LOHCH HLOUQ ]LOKG ]OWHS GI RWHCD ]LYLY RLSUO RNH@ [LIJGO GSHHN
JOZ DJ E[GQ ]HD U GZTWGH ]UFG JTG RCN RLC DHON M[DO ML[Y RLC GC[S G[LIJGO H]UF L
GI RWHCDH >G[FZ RLDH HWHE OU CLG ]LOK RLD ZOJO PHZQ L PSQCH HW VHT OK M[N ]LYLY LSLSUD T[KSHZD UH
PFC ]OCD LHO] GI RHFLSH HO ]NLL G[FZG RLC PEG FL[HG GI O H]UF [JC PLNOHG CQ ZW]TGO PHZQ L
G[FZG GOWS HC GQYUQ G]DN GDGO RLSUO KT G[UG C Z[W G]NOGN ]D ][LQ UUH HO HSLC [DF [THC
EJD PLCHOLQD UH
IKZ
KO VF ]D
OI PDQ[G [W [DFG PUK [HTC HLDE OU PHKZH VH[EF DE OU VCF [HS]N CHG L[G
[WO ML[YH ZLTGOH ]H]JO LHC[ CHG HSQQH FJC XHYLS [CL CO [WC LC LSWQ HE ]D
GLHC[ GSLC KUHQ GODG MH]Q ]HYHYLS GD H[CS LW OU VC LN H[L]G GWH[E G[LND HL[DFO
D[ HODG MH]Q [HS] ODC ]H]JO CHDL COH PGLOU H]UF R]HS HSLCH ]HYHYLS P]HCQ PQJ]GO
HO OLUO CD[ ]HYHYLS P]HC OU H]UF R]HS
MNOH GFLYG RZHOLT Z[ COC GYHJG PLOJEG ]CYHG GSLC G[HQCG GWL[E GI RLFQ HJLNHG LH
PE POHCH Z[WG C[D CDHQD U [HCQG OUD H[CS PLOJED G]JL J L D[ HODG [HS]D
[LCGO ODC ]HJHO PLOJE CZHF HSLLG [HS]G RQ PLOJEG CLYHGO ML[Y ]H[DHTG ]HKLG LWO
]H]JO CHDLH ]HYHYLS H[CLL CQ J L RN PCH IO C]LL[DD [HWQN [WC ]HQHQU PLOJE
CDKL[ LWU [HS]D
VH[ED [L]S PCH VH[EN GC[S HSLCH PLOJE HD L HOLCN GC[S D[ HODG RHLN [HS]G VTHS PUK
]H[EC UUH OLUO R[H CD[H RDQ[ LWU PLWH[E PSLC G[LN HC [HS] OU PE [LIJGOH ]HGGO HCHDL
EY CJ JHC GQ
]OEOEQ CG] FU ]YZ GOYL] O E O E ] ] [WQ L[ LCQ OEOE OEOE]] OLDD
OHELUN ]LUSH GZ]Q CLG KUQ OD]] [CN Z[H ]LOIHS CLG G]WLOZ COO GYLDG MNQ UDHS GI LHKLD GC[S
CO G]WLOZD CLGN GQHZQ OU GDDHTOH GOEOEO R]LS GZ]QN GYLDG PH OU [W JHSQ ]QNJ DH OEOE]QG
GFH CZL[ GF L[DH KZ ROGO U ]W[KS CLG RLLFUH L[QEO GZ GSLC ]OEOHEQ G [LUGO LH GN[ GYLDN
LUHWULW
PJ [DF OU G]HC PLOEOEQ OHLDG ]OHUW ][HYQ JHZO GYLD OEOEO LHKLDG PL[WQ LH
R[G LHFJ U GLFY ONQ PQJ]] LFN
KO
ILZ
VF
HSD[ ]UFO TH]G HD]N ]DD RLQJD H]HC RLJLFQ ]DG LSWOQ RLQJD CD CO ONH
[]G RLC GNOGO PLZTHWG HKZS RNH ODQ CHG HQYU RHC[ LONN HSLF RHC[ LONQ LH[LU P]
LS LONQ G J F G CZHF PCG TH]D PLYH[L]G LS HZOJSH LS LONQ LH[LUD COC RLQJD JLFGO
Z]QO CD RLOD]Q GI GSHH@ ODQN GC[S PHQ G[HTC LS LOND H ] L L [ ODC ][]HQ
RLJLFQ RCN KZS COC ][]HQ LS LON MH]D GSL]S PE CQ HC >ODQN GC[S HSLC G[FZG
GJFGD HOLWC [HTC RLSWTLCG TLLOHZ HSULQGO
POHCH RHC[G XH[L]O HJO H[LQJG DSQGH PFCLLJGH UHD I[EG PG[DCREQG GNOGO
]UF GHJL ]H RCN OC[L [HCQD U CKLO VTHL U[EG GNOGO ZTW RNH OZGO HKZS PLZTHW GD[G
R]LO [L]GO ZTWH TH]D LSG XH[L]N PLZTHWG DH[ ]UF CLG RN LN FQ RJ ]LHO DN HJ
LS LOND RLQJD G]SQ USUS LOU
PSG PLSLQ HOC PLCLZD HSC RLC DQZT JL DSQD PLCDHQG PLZTHW GQN L[DF LWO [LUGO L@
CO PLQLHTQ RLOD] LSLQ FHUH RQH PLQQ XHJ PLONCQ [CD [LQJGO HD]N RNOH OHLD LOZ
PL[DFD COC ][NISG GOCD C]HZWS RLC GI LWO OHLD JQ LS LOND RLQJ MH]D PS]LO
OHLD LOZ PSLC LCFHD HSC PLUFHL