E VF
C[GQ
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H[QC MQGD RNH GLQ [NF RCQ LSLQH PL[NIHQG GUD OU LCZF UQQ L[G ZJHFH ][YU LSLQ PHL CQHL FJ [LW
][YU LSLQ FDOQ HSLLGH LQHL C]L H LQHL L[]
LULDD ]HQLL]TQ PLQ ]HL]HC [H]LQ PLQG MHTLS [HF NU COG OON EJD PE PL[LNIQ RLC UHGL LD[O PC PE GC[SH
PLQLG ]UD O RH[JCG PHLD WNU MTSO GZQ HGIH [FG PHLT HD LULDG PHLD MTSQ [D]TQ RN OU
KZOG LODD UQQ LWN PLQG OU RLFG P]HJ HD IQ[O LULDD [FG PLL]TQ MNO OL GUD ON MTSQ ]QCG LWOH@
>][YU LSLQD CHG PLQG OU RLF [IE D]N LCYHQD GF CQ CQHLD L[ POHCH FHUH FT[] JHCHKH CN[ JZH[DH CU
GQND L GID CYHLN GSLQ ]UQ MTS MTG LCQ MTS MTS HC MTG MTG HC C[Z DH]NLO RN PC
HI GDL] PLLQUW DH]NO GSHHNG GC[SN FNH MTG MTG DH]NO RHOG KWQ RLC LWUC ]HQHZQ
DHLN PLD[ FHUH ]NHTD ]NHTD ]OLWN H[F RHENH ]HNLQTD CO G[W G]HCD
RD GFHGL LD[O [CHDQ L[WQ GO L[LQE C]NOG GUD ON PLQG MHTLSH CLG UHGL LD[ COC
OLUO TH]GQ G[HCNO GC[S RNH MOLCH LG HC LSG PHLQ COC GUD ON PLNTSQ RLC CDLZU LD[OH C[L]D
[QCF GFH CLUDLC GFD
LD HC LSG PHLD MHTLSG IQ[S RHLN Z[ GUD ON PLNTSQ PGL[DFO PE [WO PLFFYQ LH
HSLC CHG LWO UHGL LD[ GKZS C[QEGH EJG ]OLJ]Q COH PLQL P]HCQ PLQE [LNIGO HUDZ MNO
E RKZ FUHQD TH]G L[DFQ RN UHQO HD]NH PL[HCDH PLHFJH ]QC ]W LWU GNOGQ COC PLDH]NGQ OON IQ[Q
[UH MHTLS GF
PGO RLSQ [FQG ]LDD HOCS GOG HOC LSLTQ GQO GNOG PLQG MHTLSH GD[U ]HULKS [U
RL[HUL GID CYHLNH@ PUQ [FTN PT[EH UQHG UQH PG LSLTQ GQO GNOG HDLGH G[H]G RQ
FO GNHT L[ > LSLTQ GQO GNOG RLYLJQH RLYLYJH
UHGL LD[ COC [LNIQ CHG EJ O RH[JCG DHK PHLD [QC CG RL]LS]QF UHGL LD[ CQLOLC
C]LL[DDH GSQD UHGL LD[ ]UF GKHW GJSGN C[QED HKZS H]JSG ]UQ [QCG C]LL[DF
L[ NQH CUT F L[H ]UQ GF D TH]G H[W HQN LSLQ OLO HSLLG H]JSG ]U COC GGI GSLC
RN UQQ CO [QCG GFD L[Q POHCH LULD LCYHQD COC [LNIQ HSLC POHUO MC DOHOG ]JSG ]U HSLLG LULD OLUO
LWO LN RN [WO C[QEO KHW PUKG GC[SH [ZHDGQ HSLLG GSQD [QC RH[JCG DHK PHL HOLCH
LD[ ]SHHN G]LG HOLC RN PC CZHF PHL HSLLG RHC[G DHK PHLQ [QC [IULOC LD[ OLUO H[W GQ
CJL LC RHIJ LWU DHK PHL OLO [WO HO GLG GOLOO UHGL
]UFNH LSLQ OLOD [LNIGO OLJ]Q C]LL[DF UHGL LD[O CHIJG FFLY HQN L[ ]UFD HKZS E[HDS[ D[H C[GQ
L[DF KZS DLYSG HOLCH LULDD [LNIQ PL[HQG L[ L[DFQ CZU[EG FQU [DNH IW ]HN[D UH[I[HCG D]N RNH TH]G
[LW GI LWOH [ZLUO L[C][HDED KZS RNH PH[E HSD[ D]N RNH ROGOF HL[DF ]C DLLH LULDD [LNIQ PKHWN L[
PL[HCDHPLHFJDH ]QC ]WD UUH DZULO ]QC [WTD KZS RNH GOLOGQ RH[JCG DHK PHLQ RL]LS]QD UHGL LD[ L[DF
P U ]HD[ ]HLHUK HD HOWS COC L[O CHG PL[QHC LH L[O HSLC HSLSWO ]LSU] OU L[W PL[QHC L DEC
FYZ QU GSHL GOU ]HC PLLJG [HCH G ]HLJ X[GQO GSLD L[QC GO ]HC PLOHFEG
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]HSKZ ]HNOG ]HD PE UH@ OHFE HDL CHGH HD]N GUHK FLQO] HK ROGO L[WD CDHQG OU ]QCD ODC GF K [LCL
PL[LQ DDHF GY[] JHC GQO ]QNJ ]HGEG KUZ] GL[WH VTHL ]LD U ]QCO P L[ L[DF HKZS L POHCH DLZ DJ
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CSLSJ LD[ [QC CQUK LCQ [LNIQ [LNIGO CD PCH [LNIGO PLQNJ HDLLJ CO ]HJH[DH OKD CS]
[YUS CHG [DF OU COC ]HY[O HDLLJ CO LHYL[ PHQ CHG G[NIGG PUK RHLNH RL[YUS RLC LWO
WSN FLQ] PLLZ CHG [DFD COH PLQUWO
RCNQ UQQ H]HC RL[LIJQ RLC OKG JL[WQH JH[G [LDUQ [QC HOLWC COC FHU COH DU
CYLH GN[DD ZTWG GI RLC GLOC PLNLL COH GOLW]D OON PL[QCS PSLC PL[DF H]OLW]D VLTHQG
DZUL ]HOGZ ]HSHLOE H]DHJ LFL
[HIJLH PLOG]D ZHTW CHG MLZJ LSFQO PLOL G G]C MH[D [QC [JCO [NIS PC D]N CDKL[G L[DFQ FHQOO L RNH
ZHTW ][LQC L[G ILZ LTHTD DSQDH GNOG [HCDD HFLZ G[H[DGSQG ZTW RNH PFCLLJG HCLDGH GUK PHZQO
GN[DG ]OKDQ GSLC CQOUD
KHWH [H[D LCFH CG OON RDHQ CO FCQ GHQ] CHG ODC HI GNOG OU GHQ]O D]N EY FJ JHC GQ ]H[EC ]HD POHCH
G[HGH EUYH HI GN[D OKDH [HQE ZTWG CHG UYQCD FQHOGH ]HN[D UYQCDH GOW]G UYQCD G[H] LZHTW VC FHQOO [HTC
FDULFD VC UQQ HSHOQ HOLCH FDULFD DNUQ ZTWGG RLC C[QED [CHDQ RCN G[HCNO MC CDKL[GN CO GUQO P
LH HGFZ JHC UHK U [DFD PLZTHWG HZOJS [DNH >DN DJD HL[DFQ ]HKLWD KZS UQQ RNH@ HI GN[D OKLD
PLZTHWD U [IHJ FLIQD ODC EEHD C[QEG L[DF PLFLQUQ ZTWG ]DJS GOLW]O ]NLL GSLC G[LQC PL[DHTG [QHO
PL[HCDH PLHFJ P
HSLC MLQG GQ ON L[G HQHZQO [HIJO ML[YH JH[G DLQ [LNIG CO RHLN GC[S CDKL[G OU GQ]H[ECG ]GLQ] PYUOH
RLSUQ PL[DF PG L[G [HQE ZTWG HSLC LWUC@ H]OLW]D ZLTWG [DN CYQSH CQOUD PL[DFN GI L[GH GOLW]G VHEN RHFLS
]HN[DG OLJ]GO M[KYL CO LFN GOLW]G RLSUQ CO [JC ZHTW FHU [QCL PC HJO RLC MNOG >DLJZ JHC U GOLW]G
H]OLW] UYQCO H]HC PL[LIJQ [DFD GUKH OOW]QG GOW] GN[D ZQU U ZTSLQQ OHFEG PD CDHQ GID CYHLNH FJQ
ZQUDH@ GHFZD [DF ON ]HSUOH ZLTWGO HO []HQ GY[ O [HIJO HSLF HLOE[ [ZU PFHZ [NISH CHDLH GOUL JN RHEN
ZTWG J RLC DH H]OLW]D ZLTWG [DNH [JCQ OSN H][DTH >MOQG LSWO GOLW]D CHG FQHU QQ HLOU ZOJ P GN[D
M[HYG PHZQD VTHS
RLC CHG EGSQG G]U [LNIQ [LNIGO CD PCH [LNIGO PLQNJ HDLLJ CO ]HJH[DH PLDUD CS]
HOLCH ]HL[DO ][NLS GSLC PLDUG ]OUH] LN PLQEG ]HQLD PL[LNIQ ]HJH[ ODC OON PLDU PL[LNIQ
O CS]G [WC FHUH M[HYO COH []L RHON PGO GC[L PEG FL[HQH PLSSU GOUQ H[QCL
PLLHDL[ OU LHYL[D ]OUH] RLC LSWQ [LNIQ [LNIGO CD PC HI C]LL[DO GFHQ HSLC ]QFHZG C]LL[DG
OC[L X[CD EGSQG RNH GQJG ]HQLD PE FLQ] H[LNIGO PLEGHSG LH@ PLQEG ]HQLD HOCO HEGS OKH
PGO HUH MN ON ]ZD]Q GSLC JH[N CO POHUO ZD]Q OKG LN >JH[ ][NIG RLSUO PLEGHS L RNH
RHLNH G[NIGD HC GOCD FJC PHZQD COC P]HC PL[QHC RLC HEGS MNLWO PEN DHLJ PSLC [NLG
R[ LWU JH[G [LNIGOH OKG OHCO HEGS MNO JH[GQ []HL ZD]Q OKG
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L[]N C[KLQ []DF CQL C[KLQN C[KLQ []DF CDLU C[KLQN C[KLQ []DF CZLI
K[WO GQ PO ]HJH[H PLDU HC Q L [KQG [JCO POHUO RHLN H[LW "LCQ LKHUQO L[KQ
OLCHG X[]QH CO H]H L[KLQ L[]N CQL Z[ [QHO HO GLG LF C[KLQN C[KLQ []DF PLDU HC CZLI
PLDUG ]DHK ][TJS ICH CLOLOF LGOLE LKHUQO HGIH C[KQ []D CQ COH CDLU RLC PLQUWOH
]QC ]W LWU
HGLSD [WTD PLSLSUH PLIQ[ U
LSOLCO CLI[ C[KQ L[HKO CEO]
O K N GLGC GDZG [QC HSO P E N CDLH GDZG LSWO OC[L ]TSN G[QC OI[ H[QC
GOUQOQ GWK ON MO RLC C]]OF C]H[U]LC PE OKO PE RLD ZHOLJG LO GC[S OC[LO
JTWG EJD RN OU COLUOF C]H[U]C CHG OK LZHWCO GKQOQ GFESN PLOHU PLLWLK RLC
EJ RN RLC GQ OKG OU RLOOW]Q IC UHFLN RHIWJD Z[ HSLUQ LFL OU CO CHG C]H[U]CG
PE ]OW] RLOOW]Q ]HYQH PLDHK PLUQH GDH] HSLUQ LFL OU CHG ]H[[HU]GG ]HNHTG
FEL L[] [NL LSD
F VF
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FY[W M[U MH[UG ]JC ]DD JQHY JQHY RHLNH DCHH DCH RDCG
Z[@ RHDZ[O GQFCG ]J] H]JSGH RLU ]QOUG LFL OU COC JQHY HSLC [WUG ]J]Q RLU[EG HQN
JQYL FU ELSH GSUS ]HLGOH OHDTO J[NHQ PNJFLQO]G MN >GOUQOQ [WUG ]C ]HZGO PLNL[Y
DLYSG HFHDN [HCO CYLH
HOHFLE RQI MQO M[FO GFLYN JQYO RNHQG RHIQ O RUKQ COC HSLC HDH[D RLU[EG UHFLN VTHS RLSU
XDYD KDSG UE[GQ ODC HQYU ]HJND RHIQ ZHSLO OEHTQ HSLCH UZ[ZG LSWO ]J]Q RH]S CHG FHU ON
CHSG LJ ]HLGO MWHG COC PSJ FTJ ]S]QO ZHZI HSLC DH HQYU JND RHIQ [HECO HFLD [DN IC CYLH
HO ]HLGO XHJDQ UHLTH IUO CHG ZHZI HN[F ]OLJ]D RSD[Q CD[HY ]FQ ]HLGO GNL[Y MNH HQYU ]C
]LD ]H[F HQYU ]HJND [IUGO ML[Y ]UF OONO ULEGH KDS RHLN RNQ [JCO ODC PLFLQO]H PL[HQ
GS CQ LL
PH[E HSD[H GFWZG RLSUO [WQ L[ PNJ FLQO] HSLC OI[DN GZ HSLC PNJ FLQO] ON
THUNO GZ CLG FLTJG ]FQ CLG ]HDCD HSLS LW OU VCH ]HY[O JHS HSLC OI[DN GZ [W
CLG MN [DHT CHGN H]UF OU FHQUO ML[Y HLZTWH PNJG ]C[HGO TJLD [DHFQ RCN ]HY[O JHSH
OZSD GY[]Q HGHC[L PC LN ]HY[O JHS CGL CO H]UF OU PL[DHUG P]HC OU TUN U[C PCH ]QCG
GUK H[LWD ]HFHGO GYH[ HSLC COC GY[]Q CHG MNOH H]UFN ]QCG RLC HDOD UFHL CHG H[DTL
]OUH] HSQQ CG] CO LN PNJ FLQO] HSLC H[QC HGIH HL]HC[HG [CO PE HHJL CO MN MH]QH
HLOU HNQTL COH HL]HC[HGD HOIOIL LN [LUD PNJFLQO]G
JTZ