L][QQO ][QQ HU
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PLCLDSG MN [JC RNH GC[ M[HY GILCO ]HSZ] HILC VLTHG PSQC LSLTD CLFGD ODZ GQ Z[
PL[FEO []HLD ML[Y JSG ]QGHI ]HKW]G L []HLD RLSUGH HL[HFH [HFH [HF ONH PLCS]GH
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G[H]D MN DH]N GLG G[H]G RQID RN GLG HOLCH PL[HTLC []HL ]HKW]GO ML[Y [HFG ]QGHI
L][QQO ][QQ HU ]LG GHLY RN OUH FJC RLSU ONG LN G[H] G[TC GQD GI OONS ODC
C]L[HCFQ CHG ONG IC ]H[QHJ VLTHGO HC[N [HFH [HF OND COLQQ RLSUG LWO ONG [QHON
RLOD] C[D U[G [YL C[D GSG OUHWG OC JNQ []HL CYHLH JSG ]QGHI KW]Q [JCQ LN
ZDF]S FL]UO FU OUHWG OC JNQ RL[HTLCG MLQGO RHLOU ]H[[HU]GO HSC PLNL[Y IC LN
GQNJ ]LD DU GN GO LWU RLDQOH OLNQO GID LFH RHLOUG [HZQD
[LISD RHENH ]HQHZQ GQND GQYUD G[H]G G]U RNH OI HSLQNJ ]H[LIEH ]HSZ] ON FHTL HGI
LSWD [DF ON OU DLLJO PLDSUH EIH PLSY[J OU PLFJHLQH PLZHOJ RLHCO GQND G[H] G[LQJG
HSLC [DFG FHTLH G[H] LWHE RG RG ELLTG L[FE MFQOO RLL ]LL]O ELLT [FED CHG HQYU
RHY[ CHG U[G RQ GZJ[GG PYU COC CKJ LFLO CHDL COH HQYU [HTLCD UEWL CO PHQ Z[
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ELLT ]HUO RGLOU [LQJGH ]HHYQD RLOIOIQH HLG X[CG LQU L[DH [FE GD [FEH CYQ GUZD
ML[Y LHW[ []HL DYQG ONNF L[GH G[QHO GYH[W GUZD [FHEG PFCN G[LDUG RQ RZLJ[GO
HDYQ LWO CHG GQ LWO FJC ONO CHG PL[FE ]LLUD DHLJG [ZLUH PLELLTH PL[FE []HL
ON ]HUO RLFG RQ DLLHJQ GIO GFHDUO D[Z]GOH CKJG RQ ZJ[]GO CHG OONG MC LSJH[G
JL[ QU CJ R[GC LD[ ]SQ LWU ZHILJG [LDEGO LZFYK
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DLN PLHFZ GQNJ MQDH HC ]HLC ]HNOG JQ [HC [WTD U ]HL[UO ]HLSG LSLSUD PLOONH ]HFHTL
GSLC [QHON PHDLO ZZHI H [IQQ LLH]CO PHDLO HLJC ]C ]C ZZHI PHZQ ONQ JC HO L LQ
CDKL[ X[W HSD[H P[GQ TH] LWU OLUO RS]FN [HTC LCFH PDLLO ODC GYLOJ COD ][KWS
G[H]D RLC [CD RN H[F CO F RLHFZ UHGL LSW [WTD D]N HLOU RLLU HO RLC RDH DU
LG [H]L ]C PE H[F PGD G[FO CDH []HLQ C[ZQG ]HQHZQD COC
HO RLLU ]ZZH [LWST HO RLC Q C[QEG ][F H[W HT RLOHJ R[H CD[ RLC GF KO IU TH] PLSHC[O HSLYQH
FHL COO RC DH]NO HO GLG GSHNS HI G[F COHOLC L[G HO RLLU H[FO PHZQ L PHZQD Z[ D]N L GOLEQ RDC L[HKDH
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C[ZQG M[F RN LN L [H]L PL[HF RLC ]HQHZQ [CD ODC HI C[FO C]C ]QCD MJ[N OUH H[FSH GUKS CO LFN
H[QC GQH@ RD PH CYQSD RLC TWCH RLC
t HUQQ RLC
t RHO [FG [WQ CHU[ QHJ UQTGH
MNQ GSHHNG Z[ UJGC ]HL]HC VHOLJ OU ]TTHDQ G[FG [QHO ZJHF CZHF HCO HLOU R L L U
UQQ L[QEO HO RLC CU POG PLC[L [WTD UUH >KOJHQ RLC HUQQ FHL COQ DH]N
OU G[HQ UYQCD FHLGH HCO HUQQ RC HCOH RG ]HUQQD [FS J[ PD RLLU M[U MH[UD U RLC ][F OU FHU
]FHDU E GOHEG [CDH ENWT O[GQO OC[L ][CW] P RLHFZ O[GQO GQO ]QNJ UUH PLQNJ RHOD RLCt HQN RG
JOLH L[ OC[L
GHU HSLC DCD GOOZH GCNG [HTLCH DHLJ OU PGL]H[HZQH PLSHC[G ]HKLD
GDH] GUN H]NQ OU DLLJH
FY ZDDH GW RL[FGSTD CDHQD U PLU[D PCH DC FHDN ]HYQ OU RNH PFC ON [CDH MQU GUQ
DH]ND OHON HSLCH RLF GI DJS RLFG RQ RL[LGIQ RLC [QHO HQC ]DH HLDC ]D H]HJC OU HDLLJO
PCGQ HC HQCQ COH HLDCQ H]HJC CLG HI COC UQQD RLC MQC ]D HC MLDC ]D LSWQ H[LWD
RQ MHDC RQ CFLOLF HQHE[]@ XHJ ]FOHQ HC ]LD ]FOHQ MQGD DH]NG [WQ HQNH DCGQ COH
HQCQH HLDCQ H]HJC OU DLLJO PLCD HSC [QHJHOZQ Z[H > C[JHC [DE RQ MQC RQ HC ][JHC C]]LC
FHUH FDC[ DUT D OLUO TH]G LWU
L [FC [NL LSD [WTD U
C[Z GO D]NH J[K [QHJH OZD CL]CF C]OLQ
H]HJCD COLQQ FQUHL MQC ]D HC MLDC ]D M]HJC ]H[U DH]NGH "GTHSCQ H]HJCO K[W CQLCH
]L[NSGH GJWGQ H]HJC ]HD[O [QHO L HSFQOO CD GQ RN PC [QC] PCH@ FDOD RLCHLSG RQ
COC KUQO RLC MLDC ]C QH ]HLC M[F HL]J] RG ]HDHL QQ RGD ]HLC GLDCO RLC LWUC
CD OL FHUH C[HLCQ Q[G PLSL TH] OON HL]J] GSLC GTHSC HSLLGH ]HLC GD HO RLC ]JC GC
>W[H P[GQ TH] PCG RQ HC DCG RQ ]HLC O FJC FY LN ]HD[O
RCN HNH M]D ]D HC MSD ]D ]H[U DL]N LQ[ CD[F CD[FQ ][QC ]LYQ CO CLGG X[]QH
H]HJC KUQO RLC GTHSCQ [D [C [HTCO G[H] G]DL[ HSLYQ RHLNH RLCHSD RCN RLTSHCD
RLTSHCG RQ VC M]HJC DH]NG VHEQ UQ]Q DHH [JC RWHCD KHULQG H[FO [WC L[G GTHSCQ
RNH RDQ[ >RLFG RQ PL[LGIQ RLC L[G H]THSCQH]DQ H]HJC PLFQO [QHO C[QEG ]SHHN RLC ODC@
CD[G ML[CG
]HC[W[WH PLQUK
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OOJ]L RW ONCL LFHGLO HO [HTC [HTC HSLC PLFHGLOH [HTLC HD PLEGHS PL[NSG [DF L PC
G]HC OHNCO CO PL[NSO [QCH GQGD UD[ H[DJ L[NS GC[ L[NS RHEN HFL OU PLQ P
KN]] PLFLTJ [WT MH]Q OC[L GSONCL CO LFHGLO G[NQSH
PGL]HY[CD PL[NSG LSWQ ]HLSU]D RHLU [HTCO J[IQG ]HY[CD PLZTHW GQN HD]N GI PUKQ GQHFQN
]LSU]D RHKLKG ]LL] RLSUD ITZ] DKLG [CDD CDHQD UU PQHY LQLD [HTLC GID PLEGHS
U
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LQF FOHS RKZN [LLE]S [E
LN QQ FOHSN CHG CYQS GSLNG LWSN ]J]Q GFJ WS PLQG RQ HD PLSZQ H[LE]GD LN
FOKL C[ZLH MLOC Q[ LWU HSQQ GH[LDUG G]LG G[HGK CO [C WSG
PL[HKG OUD LQF FOHS RKZN [LLE]S [E MO [QHO PH]LH [E [QC CO PH]L [E KWQ GK] CO
HKFN CY]
ING RSJ]CH GQNJ MQ IUO [WHT P]J LHFJD U GI [DF [HZQ OU FHU
PHDLG RQ HLDC ]C [KHW PHZQ ONQ RD HO L LQ
DE OU VC PHDL ]HYQ PHLG HOKD PUKG GIQF RLO[D ZFDC OI X[GQ RHCEG PD L]UQ
L LOHCH C[F [NC COF RH[JC RQID ]CI OND CLG GHYQ HCO PHDL PHZQD GYLOJF GNOGF
HQT[WO LHC[H ]QC GI PUKH JC ]C [HTLCD UEHW CSHHE LCG LNDH PHZQ ONQ RD ]Q JCGO
]HLJ X[GQ LHFLJ
EN VF
GDHGC COC "PHZQG LSWO GCHS LH PHZQG LSWO GDHGC L LNH GCHS ]JCGH GDHGC ]JCG
]HWTH]H L[ U GLCHLSD GCHS GCHS GLCHLSD GDHGC
M[DQ DH]NG P H[F CY] L[WTGQ JNHQ RN@ HKHW LFLQ ZHTWG CLYHGO HSL]HD[ ]SHHN RLC
OOND COC >[HTLC LCHLSO Z[ GSHHNG G]LG PC RN [WO CC RDHQNH GCHSO CGL [HNDG
CO ]FJHLQ G[GICD M[HY RLC HKHWN Z[ PC LN GLCHLSD GLCHSH GDHGC PE GCHS H GDHGC
CY] [LG [[H GODZGH D]NG LWU L[ H[LWN GDHGCG RD ]C [NDO
GCLS GCHS RHOG LHSLD IQ[S GI [DF [WCH
OUHWD GOUDH GCG RQ ]KWHQ GCSG HOLCN HNH GULFL GFL[L HQN [DF P OU G[HQ GCLS LN
RQ PLLHJF HL[DF GO COH HLSLUD GDHGC [QCO PNJ]G UDC[DH @ RCN L ]FG FYQ GCS COC
P GODZGH D]NG > C[ZF CSLOQH GODZG
UDZ O DYQ HUQQ RH[JCG GI OLUW PYUG P RLDO OHUW OUHWG RLD RLJDGO L VTHS RWHCDH
VC RH]S ELH GLQJS [HN LSQI DYQ ][C]Q GSHC[G G[HYO FHELSD RL]S FLZW [LN HQN
HJH[ DYQ LWN PLLHSLO GSH]SG DOD GCS OU [DHFQ RLC GCLS GEL[JG G[HYD DH]NG IQ[ RCN
CLG COG PGLSLD [EO ONHL CO POHUD [E PH POHUO GUHDZ GCS CLG L[G COC PFCG O
DQZ QU PSHODH OIJ L[DFD PLSHLU MH]Q [HTLCD GLCHLS ]CI
OUD HLDC PD CY] GFH] LQJO [WTD UUH GCO OYC [QCSG GCHS RNH M[FG G]HC OU LCL[Z LCH[Z [HCD UH
GCOWGG
C Y H G CYHG MLDCO HO PL[QHC RLD PLLZ MLDCO HO PL[QHC RLD XHJ ]FOHQ HC ]LD ]FOHQ
HSLLGF MLDC ]LDQ XHJ CLG RLD MLDC ]LDD CLG RLD COC UQQ RLHCO LDLLJ RN PC CZHF HCO
RLFG PYU FQOO M[YHG RLLG] LNH@ M]C GSLC LWO [QCZ KE COD M]LDQ CYHG H ]H]L[N LDLLJ
CU