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CKLO
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GKLJ HI RLC COC GKLJG GUQ PYUD OHTW RLCH ]HLG HFNH L[NS ]KLJD CTLE MFLCO [QHO C[DTD PHZQ L G[HCNOH
C[]D KHULQD OHTW RLC GID MNOG HSLFN GLG GKLJG GUQ ODC GLHC[G GKLJ HI RLC [JC KJHN WNGHLD RNH ][]QG
]HUGO ML[Y CYQS CHGN MC M[YS ZOJ H]HC RLC LWUC GKLJG GUQD PLOHTWD NCQ [L]GO M[YS HSLC RHLN
]H[EC ]HD KZS RN MGO VC OHTWL WNGHLD [JC RNH C[]D KHULQD FLOJG HC T[F LHE PC HI G[DT LWOH ]H[ND
C[]D KHULQD ]HD[G ]HKLG [HCDD RQLTG OND ]HNL[CD UH II CJ FHL GQ
[]HG UHFQ [CDOH DLLO LFN G[H]D DH]NG GKLJ RHO COH H Y [ Z RHO CS]G KZS MNO GL FHL [IS LSDC ]HD UH
]H[ND PLS DH[ GKJSN HE[G [QHON HY[Z [QC RNO [I LU G]US GKLJG ]DJS COGH GKLJG [HQEO [IO
CO [[DHGH U[WQO ]OTHW GLLGG C[]D KHULQD GLLGQ GSHH@ [CSG OU GKLJ P RLC DHH G]QN ]LSHFLS LGL[G
>G]Q G]LG
EO VF
PSLC PLYUG LW OU VC VLFU [LNQ LQLSWG JDIQ RHLFO PFHZ PLYU L[LIE LS [HFLT
PLYUG MNO ][HKZG M[HYO HSLSU ON RHLFGH ][HKZ L[LNQ PGH ]HLG MC RHLFG ]C PL[LNQ
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HKHN JHC [IS LSDC UH FHUH PLSL TH] LWU [WC RHLF COD
PLSGN LS LFL OU PLUS HLG G[HSQG ]DKGH JDIQG RHLF COG OHCO L ]HHYQG OU RL[LDUQ RLC
OON GHYQG OU G[DUG MLL RLC RWHCD ]JC ]DD PHCU CO UHFQ RN PCH
GI CZHFD PLHTQ [FT L COC ]JC ]DD PLUS ]HFHDU L] RLC FZQD CHG OON RCNQ GC[SH
GFHDU GSLC GKLJ PHQ Z[ FLQ] ]NTQO HH[LWD FDC[G L[DFQ UQQ RNH@ [JHCQ GIH PFZHQ
RQI HO ]HLGO ML[Y GFHDU CHG [DF OND UQQ RHLFG RQID ]LUS G]LG FLQ]G ]KLJ MNO
CL CJ RLOCQ DLLO GL[C [ LHFJ LWU >][JC GFHDU [JC HC PFHZ [FEHQ
PLHU HLG CO LQLSWG JDIQG RFO PL[QHE HLG FU OLJ]Q GLG CO G[HSQG ]C RFQG FLQ]O C[EG [HCDD D]N [DNH
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L[D CDHQN ]HYQG ]C P][QH C]OLNQG
GZT GN PLFEQ L[W TH]G ]KL ]HUQQNH C]L[HCFQ CHG GI RLF GNOGO PLZTHW GQN HD]N RNH
HJLSL CO GF GN GNOG [HCD EL JT PFC LLJ IQD
RLF KNZ] CJD IDF[G D]N GQ OU HOOG TH]G L[DFQ CS PLJDI FHF FL JT PFC ]QS H[LUG [DNH
CHG RSD[FQ RL[LDUQ RLC
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OHFE LCSED COC G[H] RLF GJHF ]HL[DG FHDN RLCH C]L[HCFQ ]HHYQG OU RL[LDUQ RLC L[G ]LOKG JZLH PGLOU [LDUL
PEH RL[LDUQ RLC GID MLL RLC FDOD ]LOKG COC RLOW] JLSGO ]UN RLLSHUQ HSLC PC PN C[DTD [QHO PHZQ L G[HCNO
PJOQ UHYDO GYH[N RL[LDUQ RLC MLL RLC HFU[ RJOG MH[U PE UH P PLZTHWG HD]N HQN PDIHU RLOW]D UEW PC
JNHQ HSLC WNU ZOJO L LN PCH GHD ]QJQ ]LOKG PFHZ RJLSGO GYH[ HSLC G]U COG LLD]Q GI RWHCD PE MN FJC
FHTL IK JHC OCLNOQ L[DF ]HD D]N GQ LWO K[WDH RLOW] G]U JLSGO CO GDLT HO L GI RWHCD G[H] [HTLC L
GHD RCN RLC GHDG LSWQ RN GHU PC ODC ][JCD ZTHUH GDLT COD GJLSQN CZHF HSLLGH GHYQ LHILD PHQ CHG [HTLCG
[HTLCO ]HCFHD UL[NG COH [DFD ZW]TG MNO CQH
]HUF GQNO C]L[HCFQ CHG PE GHYQ [HFLGO GQHFD CQOUD GHYQ COC [LDUGO [HTLC RLC C]L[HCFQ FJO PHZQ L PE
GQO TH]G HZG QQH ]HL[DG FHDN G]HC GJHF OHFE LCSE PHZQD Z[ GHYQ OHKLDN GI RLC MNOG G ]HJSQD CDHQD UU
RLF RCN [DFG ]HLGO [IHJH G[H] HLOU G[DLF FHTL G HGQ C]OQ LHOLE GI L[G ]HUO LHC[ RN RHLN LD[UQ FHTLO C[Z LO
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CS PLJDID CDHQD U GUL GQ GHYQG
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KW PLJDID CDHQD KH[LWD U >GJNHGG PLJHF LH [LF] ]OUQ OU VLFU RL[LDUQ RLC RCN
FT KQ ]HJSQD U [HFLGD GQLLZO LFN GHYQG OU G[DUG OU
CQ GKHTD UUH FT PLJTWD CDHQDH PLQHNLTD U ]HHYQG OU PL[LDUQ RLC RLSUD FHU
DL]NF RHLN "HGLLFGO GLQZHSH CUQLZ XHJ LWON MHQH UYQCD FQHUH UYHQQ JDIQ DU
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GLG PLONG M[HC [DHT GI CS] PLZLOC HSD[ [LW LFFGC HIJF RSLUD RJOG JNS G[SQG
ODC GQC HDJH[ RJOG ]C [L]TQ CHG L[G CUQLZ MHQ JDIQG COHOLC MNOG ONLGG DJH[ RHHLNO
RJOG M[HC L[G JDIQG MHQO ML[Y RLC KY ]HJSQD LD[ PLFQHU HLG D[UQO J[IQQ [QCF RCQO
GQC OU GQC COC HSLC JDIQGH PL]QC
RJOGH G[HSQG PL[DHT RN]LH PLJSHQ HLG D[UQO J[IQQ [QCF RCQN PE ]NOHG HI C]LL[D UQQ P ]HJSQD TH]G RHOQ
PGQ JDIQG MHQO HN[YHG MNO ]LIJG OND ICI ]HC[O PLNL[Y
FYO KUQ COC QQ UYQCD JDIQG GLG CO [CHDQ CS C[GQD UYQCD FQHUH UYHQQ JDIQ
ONLGG UYQCD GLG JDIQG O LSHWYG HO]HNH PH[F
FQHUH UYHQQ RHOG OWNQ ZFZFO L PE RH[C LFD LS FESN UYHQQ RH]S JDIQG GLG CLD C]WTH]G L[DFQ [LUGO LH
JY ]HJSQ CLEHTD U D[UQO J[IQ RLD M[HCD ONLGG UYQCO UYQCD GSHHNG RN]L MC CHG CZHFD GC[S UYQCD
CS ROGO NQD UUH GQLSWG ]T[ED UH EH PLOZ LQOH[LDH
LFN RLDLKQH PL[IHJH RLDLKQ GQO [QCF LZO L[O CJLSG HGO ]ZTWQ LCQD LZHTWC RN PC
LCQ PL[ZD LSO HGZOJ [ZDD [ZDD [QCF RSJHL LD[O COC [LW GOHN G[IUG ON LE[GO
LN GSHNS M]LHZ RNC LZO L[O PFHZG KWQO MQG CHG GI UKZ L[ H[WO [QLQO CNLC
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H[LWD PDQ[G [LW G[IUG ]E[G RLSU LN CZHF ][JC GFHDUD ZLTWGO ML[Y LZO L[O >]HQHZQ
][JC GFHDUD GZTWG ML[Y GI LWOH OHZ GO GLGL FU GFHDU G]HCO UHFL RQI ]]O E FLQ]O GSQG
ML[Y RLCH PL[ZD LS O GZOJQ CHG MNDH GDKGG UYQCD ZLTWQ MND LF RSJHL LD[O COC CZHF
RSJHL LD[ L[DF LN@ LZO L[N G[IUG ]E[G PUK KZS PDQ[G RDHQ GI LWOH PL]SLD ][JC GFHDU
IKE RLWTHQH RLFLQ] GSQ PJO LWU ][JC GFHDUD ZLTWGO ML[Y D]N PEH >CLHZD H[CS
PLFZGO ][F GQ CJLS LZO L[O GFJ CLHZ HI RHCE PD OCSSJ HSD[D CDHQ [JC H[LW
FJC [ZDD PLS COC ]H[SD RLC COG RSJHL LD[O COC [ZDD PLQUW O PHQ ]H[S QJ ]DKG
CO HI CLHZH PL[ZD LSO HZOJO RSJHL LD[ [F VTHSG [ZDD L[G PLYU L[LIE LSQ FJCH HWHED
GZ[WS
ML[Y CLG G[DT [QHON HGO ]ZTWQ LCQD LZHTWC RN PC CQOU LOHNO DHLD PLL]TS PFHZG RHLFG UQQ GI H[LWO C
RN]LH PL]SLD ][JC GFHDU ]LUS CO PC DH TSNLGOH ]CYOH LFND ZLTWGO PUK RLC LZO L[O VCH CZHF GFHDUD ZLTWGO
[]HQ ][JC GFHDUD ZTHU PC Z[H G[IUG ]C LE[GO LFN CO VC PSJD GHYQG ]LLU UYQCD ZLTWGO RN ]HUO [HTC
][JC GFHDUD ZLTWGO D]N LZO L[ O HQUK KZS LWUC OSG PDQ[G ZTW GID DHLQH
G[H]GQ GDHJ GSLC HKZS PLZLOC HSD[H OCSSJ HSD[ G[IUG ]C LE[GO LFN GDKGD ZLTWGO LZO L[ ][DT [ZLUD D
ROSQ RHLU HNL[YG COC C]L[HCF GDHJ CLG HD]N PLSL TH]D HOLCH C[H]D ZLTG RNH
DNUO COH GHYQO GI RLF KQ ]HJSQ ]NTQD [CHDQ [J O FLQ]O PFHZ [DF CGL CO RLLSQ
[N FLQ]G LSWO VTHQ RD[Z DL[ZG PCH
]L[J OOW]G [DN [DT RHEN@ ]L[J ]OLW] LSWO VTHQ OOW]QG FHQOO PLZTHWG HD]N RCNQ
CSLFO CD[G ZTW RNH ET D[G ]H LWU VTHQ OOW]QH [IHJ HSLC >OOW]G CO HO [[DHG NJCH
PFHZ VTHQ OOW]QG C]WTH]D HSLS H[LWDH HSZ]S RLFLQ] FESN ]HOLW]G L[G C[EG [LWH CHW[ JHC CQ[D CDHG
N GOLEQD CDKL[G NNH CYL [J O FLQ] HDL[ZG
MH[U U
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LIHW[ RJOG
P GOLEQD CD[GH CDKL[G L[DFQ GC[S L[G MNO ULLTO LH RJOG MH[U L[DF GJF JT FJ JHC GQ ]H[ECD POHCH
VTHQ ]OLW] OOW]QG ]QNTHQ GJSGN HKZS NLWUCH HCO PC [N PC [J O FLQ]O PFHZ DL[ZG PC PGO KHW RLC
RHEN [N FLQ]G PFHZ ]HSD[Z [C DL[ZG PC ONG L[DFO PLSWHC L LSWQ PUKG [WO LH CYL [JG ]OLW] PFHZ
RLFLQ] PGO HLG CO
L KN OLUO CDKL[D RLLUO LH GOLW]D PLQNJ H[LQJG CO TH]U FLQ]G PFHZ DL[ZG PC [N C]L[HCFQF RHLN [WC HC
P ]UF VTHLD UUH MN GF JS PLJTWD L[Q ZFZFO L RNH G[H]GQ OHTWO C[DT
PYUD FLQ]G RD[Z RQIO TJLL]QG RLF HC [LF] HSLCO PFHZ [LF] HQN GD[ZGG GUQO GQLFZ RLF CHG PC GI RLF [FED
LNF[Q ]N[D FHF FZQ JTZHTZ QU OCHQ [ LHFJ JS PLJTW PL[HU XDHZ U PLSHC[ [CH TH]G ]KLD QHQ
P PLJTW OCHQ [DFH MOQG ]CQ LEL CJ
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IHQ[L PLYU L[IE LS PLNCOQG ]HCLYQO GLS GN[UQ RLSDG ONO IHQ[L GSHC[ GN[UQ
PQ > RG RLULZ[ LS DL GELEJD LZO L[ L[DFN@ HOC PLZOJ LSO PLZOJSG PLOEOEG ONO
OWG POHUO IHQ[L LQLSWG JDIQ RHFH OWG POHUO ]H[IEG ]HCD
OUH PSLSU GQH PGD [FTG GLG MLC CLGG C]LL[DD [LNIG PLSLSUG [C RLUFHL HSLLGH R]L LQH
FZQG ]LDD ]HUSG ROHN ]HFHDUG OND GOZ GFHDU MO RLC LN FJCH FJC ON IHQ[L GQ
PGO CQEHFH GOUQ O PLSLSUO [HLYH IQ[ GD GLGL COH OHFE [ZLU GO GLGL CO
FLL DZU LLJD HSD[
]HHYQG OU RL[LDUQ RLC
OU DLLJH RGQ KUQG FDOQ RGQ ]JC ON OU SHUG DH]NG [CD GU] CO ]HHYQ PSQCH
ON [N [CD]G CO GU ]HHYQ ODC PLQ LFLD G]LQH ][NG P]YZ OUH ]H]LQG P]YZ
GHYQ HILCH G[QO FCQ ML[Y GHYQ HILC UFS CO LFN GI ONH ]LG OYC CLG GQ RGQ ]JC
OYC OHFE []HL PGLSQ GILC [N ULFHG COH LSHOWH LSHOW RLSU ]HUO GHY ODC GSQLG GKQO
RQ [HKW GHYQD ZTHUG H[QC [ZLUG GI LSWQH POHN PGLOU [GIGO ML[Y GI LSWQH LG
[YD] [C ][JCG RLDH GD ZTU]Q CHG [C GHYQG RLD GCHHG
GZG L]ODQ GHYQG
CO GHYQ GUQ MO RQFILN [QHO GY[ ]HHYQG OU RL[LDUQ RLC H[QC RN PE GIOH HSQQ
CD ]HDC PDQ[GO GSQG H[LW ][JC GHYQ ]HUO HGJLS]H HG[LDU]
FO VF
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M[LG FHUH CY RLOHJD C D [ [F GID CYHLNH RCN TH]H JS PLJTWD L[W HQN GSHC[O GDH]NG HI
M[LD ]SQHLQG
]HDH]N U GSHC[ GOHU GOHUG HQN HSLLGF RHC[ VTN VTNG P C[QEG ][F RN HQN [CD GQ QD FDC[D UUH
RLHFZ RLUY[QD FJHLQG UY[QG RNH GSHC[ GCQK GCQKG LQS LNG GOHUG CD[ [QCFN GS P H[QC RNH HZ
>K C[LH ZLFY L[W DSEQ GF ET ZD TH] UUH@ DL ]HL[HG PLJHQD RQHLQG JLQG CN
CHG OONQ [HGKG EU ]HQDL CD[U ]HDLJ PHQ COH RHC[ OU ]H[HGO GCD GULFLG CG ]HUQQ HSLYQ POHCH
UHYWG COH UHYW DH]N MNQ CD[ [F GU ]HQDLDH H][GKO RHC[G DOD [HGKG [LWH PHL OHDK HSLLGF CQK
UQQ C[ZLUQF JOQGH CU ROGOF G[FG GIO DH[ZH H[ZLUQ UHYWD [DHFQ RLC
]CI GWH[UG C[ZLH PLSGN ][H] VHUG ]OHUO K[W GOHUG C[ OU KHULQN ]QQ GG PLQUW GQN HSCYQ FHU
OU GLOU M[UH MN RHHNQG GSHC[ GOHU GOHUG ][FD PE RN [WO LH PLD[ FHUH FN RLOHJ ][JC RLCH GWL[UD
FDOD RHC[G VTNG RNH [JC RD[Z PH COH FLQ]G ]OHU CLG FDOD ]JC GOHU GOHUG G]NL[U [JCO FLQ GN[UQG
RHC[G GF EQ GNHT TH] UU H]OHI [JC CO
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