JO VF
]HNWG]G OU GHQ]O RLC Q[ O HK[W L[ O HOON GFHGL [ O HK[W [LCQ [ O HOON
P]ZHOJQ [CDO GC[S MC CD [DJOH RHC[G RLSU OU VLTHQ HCHG G[H]G OND COG FHUH ]H[DTG
H]UHDH [LCQ LD[ [DHT RN HCHD P[DLJ CO L[G CHG K[W PCG MO CO MO CO [QCN CLG
GOLJ]D [LNIG GUHD G RLC PLF[WS PLK[W HLG HOLC GD[FC HC HQYU LSWD K[W ONO ]TJLL]Q
GFHGL LD[ GSHC[G GUHDD POHN OHONO H]SHHN LCFH MNOG K[WH K[W ON OU ]TJLL]Q
HCHG CQ HC GFHGL [ FJCH FJC ONO GUHD G ]C MHQ CHG [QHO FY L HCH VLTHGN POHCH
RDQ[ LWU [LCQ [ ]OOHN ]JC GUHD COC RCN RLCH GSHC[ GUHDD POHN OLONQ
HOLWC L[ H[WN COFH RDQ[G GLTOZH LSG H[WD CEQ RD L[ [W PLKJ OOND ]JC GKJ HOLWC
HUD]H OLCHG [QC] CO ]JCH ]JC ON OU DLLJ ]QTHNH G[HUH GKJ LFLD MO RLC GUHD [QC
PLKJ Z[ UQQD GLG CHIJ PHON LFLD MO RLC GUHD P]T HO [QHC GLG PC PL[HUH PLKJ
DLLJO CD COH HFLD RLC ]JC HOLWC [WOH K[WO GY[ MNOH HO L ]JC G[HUH GKJ ODC PL[HUH
GH GQ ON [WO M[YHG COH PLKJ OOND ]JC GKJ LN RN [QHO RLC ]JCH ]JC ON OU GUHD
]JCH ]JC ON OU DLLJO CD HKH[LW MNOG GD[G RLDH KUQ RLD H][LWND OHON GKH[W
LOONC DLLJLQ LK[WC [QC FJ CSLD[H CJC D[ GD LELOW ]W[KYQ POHNQ GKH[W RSJHL LD[ [QC
RSJHL LD[ L[DF RLC ]HLK[W ]HUHD COC RCN RLC HI GUF LWO RDQ[GH L[ ]KL DLLJLQ CO
]UF POHCH GKH[WO PLSLQG RLD VH[LY RLC K[W PC ODC FJCN POHN OON CL[G OU COC PLDTHQ
LFLD MO RLC GUHD [QCH J]W GQD H]OONG WNU GOLUHG HI GUFO PE GI[GH CEQ RD L[
DLLJ GKH[W L POHN RLD PC GI RLSUO
ROIEG GCSZ L[G MN OU OJHQ PFC RHLN H[DJQ GKH[WGHQ ]HJW OIHEG PL[QHCG ]UF LWO PE
GKH[WO PLOGO FL ]QH]H RHFZW PU GKH[WGHQ ]HJW OIE V[KYQ FYLN RN PCH HO ]LUSH
[HULO GQLOQ GOIEG L[G LN GOLJQ RCN RLC HNH RHFZW ODLZ [DN [JCO GLG OIEG [QHO ML[Y
GN RL[FGST DZUL ]HOGZ LWU GKH[W
HFQU [DNH HL[JCO GKH[W LYJG V[KYQ FYLN DHH GSHC[G GKH[W LYJ ]ULD] OU OJQ COG PFZ GQ CS LCQ L]SDG CO
RLSU NCH HLOU PLOJHQ RLC GKH[WO PLOQ LSG LYJG RWHCD OY G[HCNOH KO DJ PL LZLWC [WTD U PLSH[JCG MN OU
GLOU OHJQO GQYUO ]LSHFLS GSLCH ][JC GULD]O GOLUHQ ]JC GULD] GH[LW RCND VH[LYG
]HCKJ PL[U RCN L[G CLLJ [ LS] CGH ]HCKJ G[U QJ RCN L[G CLLJ LD[ LS] CGH
Q EO ]HQDL HN CQHL IQ PLJTWD DHZS [WTQD PLK[WGH PLSLFG ]QNTQ CLLJ LD[F C]LL[D ]HQHZQ GQND GI RLUN HSLYQ
FOZ RLOHJDH RCN JN RL[FGST F ZD
HSULQGO CD CO CLLJ LD[ LCFH [DFG PUK DLJ CZ CO LOONF DLJ CZ LK[WF CS] LCG
OU DLLJ PLSH PLSLQ PLSC GQNO [WNN HSULQQ COC MHQTD H[QC HQN FDOD RLSQG RHDJ
FJCH FJC ON OYC K[W COH MO COH MO COH Z[ [QC PEG PLSCG RQ FJCH FJC ONO RLQH RLQ ON
CLZ
]UF VTHL
OOHNG DHLJG COH PLK[WG DHLJ COC HSULQGO M[YHG CO HHFLJ [ZLU GI RHLNH RHC[G OYC COC
PLLJ ][H]
UDS GLG HQYUQ HOLC LW OU VCH PEWH ]HD COH UDH] CHG TSZ RHUQ LD[ L[DFO DU
M[HY RLC RHFZWG ]UHDD L[GH@ PEWH ]HD DHLJ ]C PE [WHN L[G DLLJ GLG L]L]WH L]TSC CO
TSZO ]TJLL]Q GULD]GH UD] GOG RHLN RCN >DO OLUOFN CHG ON H]LQUD JNHF GULD]D
CO UDS CHG LW OU VCH RDQ[ LWU [WN HUD] GQ OU HUD] GQ COC H]UHDD OONS RLC
][LWN ]SHHN ML[Y RHFZWG ]UHD RLSUO PHZQ ONQ H]UHDD ONG OONS COLQQ L[GH GUQ GU
LC RHIJ RHFZWG ]UHD OOND HSLC HLOU RLHN]S CO RHQQG H]HCH RHQQ
DL[G ]HD PSQCH UDH] CHG PEWH ]HD V C H[QC HQNH DLLJ MNOH PGLS OU UDS RSD[O CHIJD P D]NH
GFHQ LNF LFLQ UD]H [KWLQ CO GLD GFHQ LNF LFLQ ZD CO L[DT RSD[H C[QEG RHOQ ZLLF DO LTHT ]HFJG
[QHO L [HKW GLG PGLS OU H]ULD] PC ODC PEWH ]HD OU "[ZLUD ]TJLL]Q H]ULD] RSD[OF [KWLQ GLD
G]YZQ OU COC GULD]G ON OU ]TJLL]Q GSLC GUHDG
LS] LS] MO CO LS]
LS] [QHC PLQUWH C[TJQ L[HTJ [QHC PLQUW C[QEG LWON
FES CHG LW L[QC ON ZFYD
JJ LOQ C[EG [HCD ZFYD ONG COC [I [HDF CHG PHOH TJ [QC] COH MN
RLSLLFG ]UHD L Z[W
UQQ DLLJ LFLD MO RLC [HKW MO HL]]S LO HGS] HO [QC [JQO RG HO [QC MFLD LO GSQ
MO HL]]S [QHO OHNL HEQ HO L LW OU VCH RG L][QC GQD OHQ]C L]LUK RHUKO RQCS HSLC
HEQD RQCS HSLC GSQ HOYC GLG HFLUGH OHQ]C PLFU HCD HOLCN GQHF GI L[G PUKGH RQCS GLGH
GUK RUHK PC HOLWC ]HUKD ]HO]O RLCH LQF PLFU GCQN RLF OUD ]CFHG L[GH HUK PLFUG [QHO
FL RLKE PLSHC[D UH FNZ] DDF EW LNF[Q Q ROGO CDKL[ LWU HELQ HO LH
ZFZFQ PFC RLSZH PLFU LFL OU HC RLF ]LDD GFHGN CZHF L]LUK [QHO HELQ OLUHQ RLC GI GC[S GT ZL[GQ D]NH
L]LUK RHUKO RQCS LNG HCOD ODC GFHQ GLG CO DLLJ CHG HO [H[D GLG CO PCH [DFD
OLUHQ UHFQH PC
PLFUD HS]LO ML[Y LSWQ PLFUD COC LO HGS]] OC RG HO [QC MFLD LO GSQ
CQ ROGO U PLFUD COC HU[HWO CO GCHOGG R]Q [JCO RN ]HS]GO
XWJ ]KLZS RLF [HZQ GLFLD CYWJ LHW]CO ML[Y GSLQ CZWSH LHSLND L[QCF RSD[ CQL] HOLWC
PLQNJ HFQO CO UHFQ PUK ]]O ML[Y GI LWO VC [IULOCO HSLDC PG[DC ]UDGQ FQOS [WC
GD PL[DHT [QHO LH "XWJ ]KLZS RLF PQ HFQO PN FJHLQG PD ULDGO ML[Y PQ
LHSLND PE OLUHQ UQQ P L Q G L Z O C
DLZ
JO VF ]HUHD
RLC GI LWO RDHQH UDSG OU GQLC ]OKGO CLG PLQNJ ]SZ] XWJ ]KLZS ML[Y GI [WC HC
C[ RHFZWH LHKLD ]HFU ]UHDD COH PLSLLFG ]UHDD COC XWJ ]KLZS ML[Y
COC UDS CHG TWH] G[H]D CO GUHDG ]HGQ ]C GSQ GSLC XWJ ]KLZS [CHDQ CDKL[GH RDQ[G LHFJD PE C
PLLJ ][H]D UUH PLUDS PG XWJ COD LHKLDH RHFZWG ]UHDH ]HFUG ]UHDD L[G UDL CO HLOU [LQJGO
LHKLD ]HFUG ]UHDD PE XWJ ]KLZS HFQO CO PUK GQ HZG MNQ C]L[HCFQ XWJ ]KLZS UQQ TH]G L[DFQ POHC
RHFZWH
[CN RLFG GQ [IHJ CD[ [QC XWJ ]KLZS COO UDS PC HI GOCD C]HZWS D]N GDO CJ JHC GQ ]H[EC ]HDH
PLF[HL FD G[H]G RQ HO GLHC[G GUHD UDS CO HOLCN GI L[G C]L[HCFQ ]N[YS XWJ ]KLZS PC UDGOH [HIJO GY[ CO
GY[ CO PC RSD[FQ ]HUHD ONN POO ML[Y RLC [KWSH UDS COG G[H]G RQH PLQNJ ]SZ] COC HSLC PCH HLTNSO
UDS CON GI L[G PLQHO] RLSUO PE UQQ ELIW QHJ CQ[G RHOQ CLDGH CQ ROGOFN HLTNSO RLF[HL RLC UDGO
MWGO FFY PDQ[G ]UFD POHCH OON
OOND PLLHSLNGH UD] HQDH [QHO G[H] G[IJ [DN GD MULDCH HD [QCS LWUC PG[DCQ CLHZG X[] L[LCQG D
PG HQ
[QCH [IHJH GSQ [DFD GUK LQN GUS PLQG LZOC GD UDCF CSLLF LCG CD[ [QCF
[QC COH HI RHO CD[ KZS GSQ [DFD GUK LQN GUS RLOW]D UDCF CSLLF LCG CWW D[
HULDQ [WH D[F C[QLQ H[LWD GUK RLLFG [QHO HSHY[ LN XWJ ]KLZS COD UDCF CSLLF LCG
UFLHGL RD PLLJ ][H] GSQ [DFD GUHKN CHG L[G GOLJ]D [WO CSLD[ GY[ HQN PLQG LZOC GD
G]LG P PN RN PC [IULOC ]UHDQ FHQOO D[ [QC RHLN D[ L[DFO TJLL]Q CWW D[ RNH
LYWJH PL[WT HO HLG LN VC@ GLOU GHHYQ GLG GOLQG CLG GHYQG LYWJ ONQ GOHUQG OU GUHDG
GOLQGH GHUH GHHYQ HSLC LQQ GHUH GHHYQG OHFE COG G[H] FQOH ]HHYQG PLLZ L[G GHYQ
PLSLLFG ]UHD VC >[]HLD HLOU GDLDJ MNOH GLOU [UKYS FHUH GD GHKYS GFLJLG GHYQG CLG
[WTD COH RLOW] ]KLZSD ULDQG RLLFG RN OUH PLYWJ [C ONQ GOHUQG XWJG OU ]HLGO GNL[Y
PLLJ ][H] [IHJH GSQ [DFD GUHKN GI L[G G[H]
UDS HFHJ G]C RLC PC MWS GQ COG H]HC PLULDQH PL[IHJ UHFQ XWJ ]KLZS COO UDS PC OI PLSH[JCG ]LHZ OU
PLULDQ FYLNH GUHDG OU FHJ CHG L[G GSHC[ GUHDD [ZO UDS HFHJ G]C PCH HULDGO GDLT ON RLC [ZO
GYZ FJ LHOG KD ]H G QD FTHLD CDHG KLL QHJ LC RHIJ KWQG ]HDL]S OZT IW PLQH] U DH H]HC
GUHDG [QHJ ]JQGH FJW ]OKG PHQ ]N[YS GFLQUG DHLQ PNJ FLQO] FQHUQ GUHD
FHDNF GU LSWQ PL[QHC LH OLSHOQ L[ LWU GSHUH GUHDG ][QHJ UFHL GC[]G ML[Y RLC J]H
C[H] RLF [QED HQNH G[H]G
HFHDNO HJO RLCH PFC ON [CN ]T KZHS GUHDD GS PC XWJ ]KLZS LDE PL[QHCG ]UFO VC PLQUKD GSLQ CZWSF OL
DHLQ UDS OL RHC[G PUKG LWO MC CDKL[U
ELZ
]UF VTHL
GUHDG OU RL[WQ COC GUHD OLKGO CO RLF L]DD PHLN ODHZQG EGHSG RLSLLFG ]UHD
QU HK M[N PLLSD[ RLF LZTW LWU GUHDG ]J] PHNTG RQ LON POQ GUHD DLLJ]S UD]SG [QHON
H QU NKL PLWLUT C Z[W K [U CJ ]HSHQQ LSLF EOZ DJ OCLNOQ L[DF ]HDH DDL QHJD UH FHUH
PLOLE[G LH FCQ C[HS CHG GI [HQJ RHUD OHIOIG GUHDD G[QHJG VZH] ON PU CHG COWGH
RLF]LDD RLFO PLCDN PE GQH PGL[DJ PU PL[DFH RLF PGO LN GQNH GQN ]JC OUH FLQ] GID
UE[D PHQ PLFFYG LFLQ FHZ L[WT LSLQ ON CLYHGO RLFG ]LDD PLOF]Q HSC PHL OND PLUQH
U[EO ]HSHQQ LSLF MH]Q GQLGFQ ]UF ]HOZD ]H[ LOD HOLWC PLUDSH PLYWHZ [WT PGLSWO PLCH[
JQ] QU CJ CKLO L[YD
KO VF
C RLC PL[DF ]FQO CG C] CO LSLTD GDZG [QC GUD UIUFIS HOHN POHUG ON
HQNH ]QC HQ]HJ ]HQOHUG ON C[HD GDZG LSWQ R]HC GONQ [Z ]UHD R]HC RLONQ PLQH
]C G[Q G ]UHD LFL OU [ZG ]C ]QCQ GIH G]HLJH GQHLZ JNH GCL[DG P]HJ CLG ]QCG RN
GONQH DL[JQ CHG H]QHUO G[HG [ZG GCL[DG ]HLJ CHG ]QCG HQN RN OUH ]QCG PHZQD [ZG
C[GQD HI M[F OUH FU QU ]HUHD OCHQQ P LWU HJ GCL[DG ON ]C
GQC RLCN PE GCL[DG ]HCLYQD CHG PEWG PLSUS POHUG LZLFY VC GUHDD ROGO [CHDQO PUK R]LO GID LH
L ]H[LDU GD[GQ []HL PLQ LFLD [HQJ GSU RLF ]LD ]]LQ GD RLC WUC CHO GUHDGH
]C ]OOJH [ZO LQD HUD] COH [QCS PG ]C OOJQ [ZO UDSG LN RLF ]LD ]H]LQ RGD
OU COC ]H[LDUG RQ ]JC OU RN D]NS COH ]H[LDUG ONQ GOUQO HSU PG OHOJH MLZOC P
RULDH RUL G[I GFHDU ][GIC [JC [ZO GUHDG ][GIC GD]NSH G[IGFHDU OUH [ZO GUHDG
SHUQ [HQJ RLF ]LDD [ZO UDSG RHU LN ]LG OHOLJ RHU GLWSND CYQS [ZO GUHDG LN
PG OHOJ LSWQ []TD IU FDHUG
GUHDG HLOU ODZO [HTC CH [DF HLW [C UFHL CHGH GUHD UDGO PFCG ]C RLF ]LD HDLLJ PCH
OOND LH C] CO [QCS UDGO HDDOD RLC WUC H[LDJ ]C FLJWG RUQO UDC LNSC [QCO
CHO UDGO ODZ] CO HUQQ
H]ULD] OU OHWNLH GSQ HO DLLJ H[LDJ GLG RHEN HSHHU OHFE PSJ H[LDJ ]C ULDGO DDTQG RNH
CO [C PSJ OU H[LDJ ]C UDH] HC G[H]G ]UHD UDGO ]YZQO H]CFHG OU RLFG HZ CYL RUQO
HLOUH ]HL[DG ]UF DSHE DSE C[ZS LCG GI LN HSL]HD[ H[QCH ]TLG ]UHD HULDQH HGOCL UFL
G PCS GL]CYHG [QCS
GUHDG RQ HWS MHJOH USQGO HO L H]UHD OU PFC LSD HGHFJL UDL PC UFHL CHG LQH
GQD GSHL HSD[O GDH] L[U H]C ]QCG LN PE PLQ FHDNO
OU D[J POHUG CGL CO LFN LHSND COH PD CO HLNU RLULDQ RLC PLSHCEG HSZ] L]UQ
]HKQH ]H[S LHDNH ]H[WHD HLOU RLQL[JQH H]HC PLOOZQH H]HC RLQL[JQ COC HD[ PLCKHJG LFL
FLZ