"]ZFDS GIHIQG RQI GQN ON IL
OU JL[KGO RLC L[ ODHLD PLQUW PLD[ OH PLS UDD UHDD PLQUW ]ZFDS FLJL ]IHIQ
LD[ [LF] HZFDL PC GSNT J PHQ C[H]H LH] L[DJ HUL [QCL FJC ON IC GD[G PLD[G
L[G IHI VOC HSQQ OKSH FJC [HFTZ HCYQH L[HWY O RHLOUG ZHD ZFHD GLG FJCD GUQ CLDG GFHGL
GSNTG LSWQ HJO L
CY[ FHL VTHL ]LD LWU FLJLG ]IHIQN HSLF PL[LLF GQNO V]HQ RLSD O J]W C
G]OTWH ]HJO GLOC G[FJ [WC LN G]S MH]D VC GZFDO ML[Y GIHIQG OUQ HUDY PC D
EWZ CJ FHL GQ ]H[EC LWU GULDYG PFHZ ]HIHIQG ]C [LTGO GOLJ]NOQ PLDLHJQH
PLFLWZQ RLC O]HND ]UEHS GSLCH ]LNHNI LOND O]HNG MH]D GIHIQG PLUDHZ ]HQHZQD E
FWT GOW] GQO ]HNLOG PLS UDD PLLQUW ZHFDO
CL PLJTWD [CD]S PLZHILS PSLC GHYQ LJHO
DL CL PLWF
"PLUESD PLCQKQ ROGOF PL]DG PCG JL
PLW]HG ]LDH GCG ]LD C
]TSNG ]LD D
FZG O PL]D PLOH[L L]D E
PHZQ ONQ PN]IJC X[C ]LDD PLUESD PLCQKQ PLW]HG ]LDH GCG ]LD C
FJC ONH ]HDC L]DOH PLKDO GHZOJH OC[L X[C HDN FU PLUESD PLCQKQ PL]DG RLC H[QC FHU
HZOJ ]C [LNQ
CQKQ HSLC PLW]HG ]LD [DHT C]LL[DF CS] C[H]H PLSL TH]D FJC H[LW LWO
ZOJO L COC [DFD ]ZHOJQ RLC [JC H[LW LWOH HO FJHLQG ]LD ]LDG HO [C PLUESD
PZOJ [[DHG CO POHUQ PL[HL RLDH PLOLE[ PLW]H RLD
]LD CHG WUCH@ CQKQ [LCQ LD[O HCO PCH CQKQ ]TSNG RIJO G[LF ]LD HD L PC ]TSNG ]LD D
FJHLQG ]LD ]LDG HO [C CDH CQKQ HSLC PLQNJOH >HN GOLEQ TH]U H[NQO [LUG LSDO CC ]TSNG
PL[WN OO PLN[N O ]TSNG ]LD RLD ZHOLJ RLC CSZTQG LWO HO
X[C OOND GSLCH PLKDO GZOJ]S CO PLOH[L [DT PLUESD GCQKQ PLOH[L RLC CQZ CS]O E
PHZQ ODC PLKDO POH[L GZOJ]S [DT FZQG PHZQD FDOQ GCQKQ [DHT GFHGL LD[H PN]IJC
O ]LD CYL ]LDG HO [C CDH Q PLFQO LH IKZ PLJDI LWU L[ PLKDG ONQ LHDEG VTNQ FHF GSZ FZQG
L]D VC FHZQ PHZQ OND [GKQ GFHGL LD[ HZLTGH ]QC ]WDH PLSHC[D UUH HN GOLEQ L[U FZG
FZQ CZHF HCOH ]H[FQ L]DH ]HLTSN
PLUESD GCQKQ GSLC PLOH[L ZTW FLI G[LJDG ]LD PDQ[G
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DL VF
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[HQCN PLOH[LD PL]D LUES ]CQHK RLSUO GSLQ CZWS
CZHF PLOE[ LOHUO PL]D GD PL[LNQ RLC PLKDO GZOJ]S CO PC PLOH[LD PL]D ][NG RLSUO RNH
O PLFZ ]H[HU MNLWO ]HKLQ CO VC [QHC ZHFY LD[D [IUOC LD[ PGO GSLC LSWQ CDKL[
UH[ID P]HC PLOKHS CLSTNC LOUD PLOE[G LQO
PLKDO GZOJ]S CO PLOH[L FK JYH[ FLI G[LJDG ]LD CLFL ]U[Y ]CQHK PDQ[G ZTW
"HL]J] TSNSG ]C PLNSJQ GQD PL[HWNG PHLD OHFE RGND OHTW U[LC C N
"KHLFG RGN [HEJ GILCDH GSG ]HQL [CDH PL[HWNG PHLD OHFEG RGNG [HEJ KSDC GILCD D
"PL[HWNG PHL [JCO GSHGN LFED HQLO PLLHC[ PL[HWNG PHL O OHFE RGN LFED PCG E
DHO [J O FLQ]D TSNSG ]C PLNSJQ [J O FLQ] PFHZ PL[HWNG PHLD OHFE RGND OHTW U[C C
GOHFE GSHGNO ]HKHLFGQ CYHL MNDH PGD FDHUH PLFED GSHQ
[NLS PL[HWNG PHL ]FHDUD [QHON KSDCD MSJ]Q [QC GDGC [D CFC D[ FLQ]G [JCO OHTW HD U[C
O KHLFG RGN O HKSDC [QCF RCQO Z[ RHNS GI H[QCH HO FJHLQG HKSDC LFL OU OHFE RGN CHG
MND [NLS HSLC XHD KHLFG RGN KSDC FQO ODC XHD O KSDCD OHFERGNG [NLS RNO CHG PLCON
G[KZGG DH[LZD UHLT CSHG D[ L[DFNH@ PL[HQLCG ]C EOIQD MWGQH PLFED GSHQ DHO LLDC [QC
MSJ]Q CHG MNDH >GFHDUN DJS
H]NSJQ OHFE RGND COC G[N GSLC PHLG ]FHDU H]FHDU [QC CWW D[H
EC WNGHL ]FHDU PDQ[ LWU RHC[G GD ZTW GFHDUQ OLJ]QH CWW D[N GNOG
O GSG ]HQL [CD [EJL
b FD KSDCDH R]W FED XHD O PL[HWNG PHLD OHFE RGN O HKSDC D
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b GUQ LS ]UOH]H RQE[CH ]ON]H [IQ PLCON
[D CFC D[ [DHT RNH LD[ L[DFO PLCS] ]ZHOJQ GSG ]HQL OND RLD PL[HWNG PHLD RLD KHLFG RGN O
RSJHL LD[H CLLJ LD[ LSD [DFD HZOJS RNH@ XHD O RHUQ LD[D [IUOC LD[OH PLCON O GDGC
b [EJLH
b
KSDCD H]C
b [EJLH
b
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b ][EJH ]HC[ZQG ][F LWU
H OLUOFN KSDC P]C
>EI LQOH[L UUH
PLCON O GSG ]HQL [CD OHFE RGN ON KHLFG RGN O HKSDC LD[N PLKZHS GNOGO
PLCON ]HNOG VHT CJ FZQG LON PDQ[
OHFE RGN ON PLSLQ UD[CQ HC PZH[ GUQ GLG CO PLCON O GLG LWUC PL[DHT L
EUZ RLU EQT KNKO ]HQ RDQ[ MOQO GSQH DJ P PDQ[U PLZOHJ LH
DOL [H]LQ [F KHLFG RGN ]FHDUO PL[HWNG PHL [JCO OHFE RGN LFEDD Q]GO [LNQ CTHF LD[ E
DLG LD[ HOLCH [JC PL[HWNPHLD OHFE RGNO CO ODC OHFE RGN LFED [LNGO RFG ]QH[]D [QCSG
[QC C]LL[DD CQZ CS] RNH G[HQJ GHFZ PGD HQ]S LSWQ KHLFG RGN PGD Q]GO [TCH MN OU
P PJLSGH GILSE PLSHUK
CU[
]UF VTHL
CTHF [O NCQ GOLUQ RLF PGD L CTHF LD[ OU PLZOHJG PLQNJ L[DFO C
COC GOLUQ [LNIG CO NLWUCH PLQNJN ZTW GJ FZQG LON PDQ[GH QNDH L[WDH T
QQ GOLUQ UQQ HN PLJTWD J[H RCN L[ RHO KWQ MC FLD GOLUQ L[IU LDC U GCSG [HTLC
GSH CLG LSWQ KHLFG RGN HQLO GLHC[ GSLC RWHC OND RGNG ]WSYQ PL[QHC L D
HKSDC [QCF RCQO LHC[ HSLC KSDCG HQNH CU PLSL TH] LWU KHLFG LSGN ]UDEQQ G][HYD
LH OHTWO LHSL DJS GI RLC UQQ HS]LEHTD TH]D HOLCH PLCON O KHLFG RGN O
OCLKOW J[ H[LW LWU KHLFG RGNO G[N ]WSYQ ODC OHFE RGNO GOHTW ]UDEQG D]N LQ
ROGO C[QE LWU
VSHYQ ]HLGO RLFG RQ FEDG ][HY MN L[G RLOW]OH XLYO LHSW PHZQ M[YS RHLN HQUK GC[SNH HKN GHY]
CU ROGO UUH ]WSYQD GULSQ RLC KHLFG RGND NCQ DJ[ COH
EL DL PLWF
"LSG OH RHC[G O PSLF GQ HSQQ OHTWG [DU MN [JCH HL]J] [JC HSLQH OHFE RGND OHTW U[LC CN
OHFE RGN ]HHYQ ON LSGH HOHTW [DU [CN H]FHDUO [IHJ RHC[ HL]J] [JC HSLQH OHTW HD U[LC
[DHTH CL ]HL[HGD GSQP]TQ UQQ RNH [LCQ LD[ L[DF HNH PLFED GSHQD QQ GSQOCD [HTC HLOU
RGNO COH OHFE RGNO CO LHC[ HSLC LS [QHC LTHL LD[ EU ROGO U HO GHD GDLC PHQ HJO RLC
LD[ [QC GSJ [D [D GD[ [QC FHZD PLFL[HQ RLC PHQ FGNO GDLC PHQ EGNO KHLFG
LTHL LD[N GNOG D[ [QC GFHGL D[ [QC RNH RSJHL
H]FHDUO LSG [IHJ RHC[G ]Q PC GFHQ RNH G[N H]FHDU FDUH LSG [DU PC LTHL LD[ GFHQH
OHFE RGNN
RLFQ LTHL LD[O PE CDKL[G D]N RNH QTNDH EC WNGHLU PDQ[D UQQ RNH D]N L[ C
FDU PC RNOH GDLC PHQ QO HLOU H[TC PLQNJ COC OHFE RGNN HSLF LSG G[H]
HSLF RLC [WC TH]G LWO HOLCH GOHTW H]FHDUH PLFED [THJQ GI L[G PLFED GUD[CD
GUD[CD FDU PCH >PLSGNG HLJCH MOQG LW OU GOHFE GSHGNQ ZO]TQ LSWQ@ OHFE RGNN
FH JDIQ L[HTLC JQ [HC ]QC ]WD U OTW CO PLFED
RQIG PH]D GUZW H]HFZ RQIO COC HSLC HLHSLQ C[Q HS]G PC [QHO FFY LQ L
JL JHC DO L[ZJ U PNTHQ [DFG RLCH
O TSHCG [DUN MNOG [HDLY LTS[W O PLLHSLQ [CO GI RHFLSQ FHQOO L HD]N TH]G D
H]HC PLFDNQ RLC LTHL LD[O PHZQ ONQH@ LSD FHDN PLEGHS PEH H][[O [IHJ RHC[G
>IK FOWSSHI JL[EG ]DH] F[ LHDOH OZG ]LYJQDH KQZT ESZ PG[DC REQ U RHC[N
[DUN HGON TSHC OOED HQHZQD [JC TSNSH ]QLHTQ GHYQD ZIJHQ GLG PFC RLSUO RNH
ESZ JHC VTHL ]LD DDF EW LNF[Q E[HDSKH[Q P[GQ ]DH] LWU GSHC[G H]HHYQO [IHJ TSHCG
ZLIJG PC CZHF OL MC LSO PLS]HS RHC[G ]Q PC RLSUO RLFG RNH HSZ P QFDH COKQZ QHJ CQ[H
IK FOWSSHI JL[EG ]HDH] U OUHWD GHYQD
H]ZIJ FDLC H]HHYQO H][[O [HIJOQ CL]S [H[D PC HD]N PLSH[JCGQ L
FHUH U DJ PLZHQU PLQ
GOHFE GSHGN ]HHYQ ON [DU LSG RGNG GUFG LWO PE CL ]HL[HGD GSQD [CHDQ E
LWU
D[U