C I L Q [ H H[QC
ROGO RNH H]QH FZG ]C UODN ]HC[O HCDL COH CILQ[ CNLGH
CQOUD IQ[ COC HSLC PCG LLO [ ]HHYQG [WTD RDQ[GH PDQ[G HZOJSH ]HC[O HCHDL CO
[HQE HCO RCN L HC PDQ[ PLQ LFLD G]LQ DHLJ RLC PEH GZHO HSLCH FJHLQ HCO [DFD RLC ODC
DW
>L OLUO CDHQD U
C]L[HCF PLSLF OU IQ[ RHO HSLYQ RNH@ RDQ[
E ]HC HJL GC]LO] RL[FGST L[IU LDC [WTDH R[G LHFJD EW ROGO UH
RLF ]LD ]]LQ DLLJ VFEQG RLC H[LW HQTHZ ]C PTHZ GNL VTHL D[ LS] PTHZD OOZQGH
PTHZ GNL [QHCG MNOG T HS OLUO U PL[JC PLSWHCD COH FJHLQG PDH PD P OOZL FU
LHSLND PTHZ GNL HKZSH G[I GFHDUO CLG GSHHNG PDQ[G H[WOH HKHWN PTHZO GSHHNG L[WO@
>PL[WHT LZHFZF U [YWG PLW[]H RHCH L[Q PTZ ]CKJ LN P OU RN HKZS [WCH OOZQG RHO GSLCH
GUQ ]UD HD PLUEHW PLCSZ ODC RLF ]LD ]]LQ DHLJ HD RLC
DW VF
OC[LO L[G RGN CHG PC GSHI PHQ H[W RCN TH]H HO IUD L[ GSHI IES PHQ
GSHI [HTLC RLC
PHQ RGLOU H[IE RCN H[QC GQH G[H]G RQ ]L[NSD [HTC RGN [DHT EDDL DHTLC PDQ[G POHCH
TH]G ]HLHZ ]HDHLQ HL[DFOH OC[LD VC GLWON GSHI [HTLC H[IE CHG OC[LD IES
FZ GLGL CO F HCOD [DHU GLHSW OU ]HSI M[F CDG H]KLO MOHG PDQ[G [CD [SO MH[U [WTD
FC ]HLC CQZ L[IU LDC [WTDH PLSHC[G ]ZHOJQ [HCDD FHU UH ]L[NS ]CLD OND GI [HTLC PLQNJ H[IEH
G[LDUG RQ [LW CO HOLWCH E[G L[QIN CZHFH HLOU E[GS RLC TJSWO HE[GH L[QI MWGS
]C E[GH GUQ ]UD HE[HGO CDG LCSZG FLQ OUHDG ]C OLYGO GY[ [JC PFC ODC [HKW
DH[Q D]NLGO R]LS COH KHW [DF CHG LD D]NH P UQTD CDHQG LWU GN] QHJ [HK HLOU E[GS LCSZG
U GI RLF CQ[G KLQG MNO [CD ILZT UQTDH H]HKLW
KHWH HE[GO [HTC L[G QQ [W PC H]SHHN [HKW TJSLW ]C E[GH G[LDUG RQ [LW CO HOLWC [HKG D]N GQ
C
FFLY GDL DHTLC JSUW ]SWYDH [HKW QQ GUQ ]UD HOLWC COC [HKW GU G]HCD HE[HGO CDG ]C E[G PC
GQO ]JSQDH HLOU E[GS
TJSLWO HE[GH [W CO HOLC > KQS D]NH MWGS C[QEG RHOQ GSL@ PDQ[G L[DFD
U HL[DF OU GQ] DI
GI ]UFG RFQHC LWO RWHCD >PDQ[G ]UFO CO MC TH]H L[ ]UFO@ ZW]TS JO CJ UGC GQ ]H[EC ]HD
D
PFC CDH L[ L[DFN PLCSZO COC HUEHWO []HG CO L[GH PL[JC PLOHZLQ HE[HG COC LCSZ HSLC OUHDG ]C EH[GO CDG
ZWTG FYQ HE[HGG ]C [HKWO RLC
H[KHWO L CQ
OUHDG ]C EH[GO PZ GI ]C E[GH [JC
OUHDG ]C EH[GO CD H[HFD TJSLWN ]HFLTJO ZIJHQ HSLC P]T [N PFC POHCH
L[G HE[GH LCSZ HSLC PC L[GH LCSZ GLG CO PC HE[HG GLG CO ]H[N ]ZIJ OU H]HC PLFLQUQ GD[FCF LCSZ HSLC CQ
QECQ RCN FU JYH[ CHG
L[G PL[JC PLULSQH G[I GDJQ HLOHZLD ]D[U]Q PC LN OCLO CDO G]HC RL[HQ RLC HI GNOG MNO GDLTG RN]LH
EO] DL XLDOCHQ J[EGO [THQ ]HJL LWU HDO ]HSHWY UFHL LQH JYH[O DJLL
DZ
DW VF RL[FGST
]H[G G]LG CO ICH H[WO GLG OHNL RHLN COG [HKW TJSLWO HE[G L[QI PC UHFQ ]HSH PLN[FD PL[WQG H[CD [DN
E
]HKLN HI CLHZ JNQ HJLNHG LH EH[GO ]H[ HO RLC HL[DCQ FJCD OLYGO OHNL N GI L[G RN PC HE[HGO HO GSH]S
GI OND U
HL[DCQ FJCD OLYGO OHNL PC PE HE[HGO PZG ]C EH[GOH PLNGO OHNL POHUO HQYUD VF[SG PLSHC[G
JG QHJ FJ [QHC ULDL ]H DI GQO ]JSQ RH[JC T[KSHZD [WTG VHTDH EU FZ ZOD GFQJ LON
GQ LSLUO RNO PFHZ [QCS L[G ]LHJ GLC[D HKHWN [WO RLC GC[ GQ TJSW C[LH
[SO MH[U DOGH ONG ]LC[O GSHHNG COC OC[L ON LSLUOH
GNOG C[GH VL[G PDQ[G ]KQG OU H[LUG [DN [FQG ]LDO RLLI LOND RLTSNS RLC RNLQ
POHCH MH[C RLNTD ]TSNG ]LDD HD TSNLO RL[THC LH C]LC HCSZ JHC MH[U RJOD PSQCH HI
RCN ]HLJ X[GQ [LUG RN GQHCQ HS]LEHTQ H[LNIG COH PL[JC ]HQHZQQ H[HZQ HC[G PLZTHWG
[H[LD LWU GDHK GYU [FED COC GNOG PSLC RCN H[QCS PL[DFG HSLDG PLZTHWG PLC[Q PL[DFGH
UU GNOG
G[HQCG GNOGO HS]LEHTQ [HZQ HCLDG CO RNOH []HL G[HQJ GI O H]HFZ [FQG ]LDO ]TSNG ]LD RLD PLZOJQ LH
]TSNG ]LDO ZS LON ]TSNG RLSUO JL GJ ]UF GHJL ]H JL LJ [IULOC XLY ]HD GID UH UHD
P [LUG FHUH FQGLDO D[J ]TSNG OU HFLWZG CO GC[S OI[FD ]HQHZQ GQNQ [LUG IL ]D PLFJ PLFEQ UH
SNGLDD OHNCO HO []HQ J]O COC HTLSNGO [HTC HD OHNCO PLOLE[ CQOUD RLNT VC HCSZ DSQD UQQ GQ OU
G[HTC GNH[C RLNT Z[ UQQ PLZTHWD HOLCH
PLG ]HLOE[Q
HO ]HQZSG ON OY HO ]HQZG ON L[ HO PHZOC MOQ DU
[HLQO DZUG
GCQHK PHQ COH ]H[I PHQ CO RGLOU RLDLLJ RLCH ]H[SG ]C DLKQGH RJOHG ]C [FTQGH
[THJQ PHQ DLLJ RLC COC ]H[SG ]DKGO GSHGN LFED ML[Y UQQ PLFED [THJQ PHQ COH
RLFG PHZQ ONQ ]H[SG ]DKG PHQ COH PL[JCG PHQ PLFED [THJQ KZS ]HJFO L VCH PLFED
LFED PE GNL[Y COLQQ FN CQHLD UQQFN G[GICD [IGH GSHGN GNL[YH CLG GFHDU RHLN RN R]HS
F C N PLJDI CHIJ LWU RGLOU R]SHGN RLC RGLOU RGLFED RLC RQID COG LN GSHGN
PLQUKH PLSLSU
[W HGIH [NS OC ]D OUDH DL]NF PLDNHN ]FHDUD R]J]Q HOLCN ]L]HNG OU CDG ON
GFLED OU COC ]H[DU [C OU GCSZ RHO G[H]G OND HSCYQ CO L]CSZ ]C HCSZD LHKLDG
PLGOC [JC ]NOO HLZOC RLDH HSLD ]L[DG ][WG G]LG L[QI GUQD RCN VCH ]L[D LOUD OYC ]HSIH
IL QU HC[EO PL[QCQ XDHZ ]HUHD ZJYL FJW QU RGNG Y[O PL[QCQ LKHZLO U PL[JC
PHNU [HZQQ CD GIO HO GQ PL[QHCN ROGOFN IUO PLOEU PKLW GI LKHW RD P]LC[ TJSLWO PLKDG HGHILD HGIH
CO PHQ GQQ CZHFH KO OLUOFN CE[S OHILS CDC GLDH GLSLQ GD[FC ]QCD MC G[I GFHDUO PLSHIG OU ]HCSZO
FHUH QU FQ GOLO LTLT[DH QU RLDG ]SZ]D GID U HI GNOG HSQQ GQOU]S GIO ]HNLL PH HO GLG
EZ
]UF VTHL
]HL[UG OND RLC FTWG HD L COC MLSLUD OZ LGL OC RLF ]LD ]]LQ HD RLC LW OU VC GI RHU
]L]HNG RQ RDGH [IQQ CHG WUC DJL OC[L OONDH [DF ONO CHG HSD GH[UG RQ RDG H]HQN
G L[JC ]HLGOQ H]HC [LTQ L[JCQ MSD ]C [LTL LN [QCS HSD HSLC
PDQ[G RHO HD OHUQOH G L[JCQ DHOH PGQ GDZG HSOLFDG PHNUD ZDFGO P[HE GI [DFH
JIDL GCLD L[HTLC
J ]HC RH[JC T[KSHZD D GKLJ OG I[EG UH FYZ OL[GQ ]H U
G[HTC [QC] PCH ][]HQ HC G[HTC HI P[QU RD HO [QC GQ OYC GCLDGH G]L[HODD GW]
MO G[L]G LQ H[]L ]D
RLFQD U[G JN [HH CLS GLG GLDCD GDIN RLFQ CLS ]D LDIND GOEOE]S GSLF RN OUH
GUQ CO CLG ODC PLLHEG ONN ]HLGOH ]HNLL PGO RLC PHZQO PNLQGOH OC[L OLNGO GY[H
PUK HGIH L[QI GY[ HOLC RN PE [LLE]GO ]LY[]Q G]LG CLGH ]HNLL GO GLG PHZQD Z[ GZDFH HO
PGO OC[L MLQGO CO OC[LD ZDFLO GYWJ G]QEHF CLG PE LN MO [L]G LQ H[]L ]D ]SUK
PN OHEOE CHG LN G]HLED RLLFU CLG [CNH L[HQCG LN[F CHG G]L[HODD GW] CHG COC
PE ]HLGO [WCF GIQ GQLFH PLHED OC[LFH OC[LD ]HOEOE]Q PLHE ]HWS L GI [DFD LE[GH
RLFQD K[WDH R]HLED RFHUD PE CDZHSO GKLOZ RN
MNOF DJ ]HS]J M[F CO PE [HQJ [HTLC CHGF UFLF VC ]HS]J M[F Z[ G[H] G[TC CO LWOH
RLC [DF GI LWO CHG [W]S CO GQ ]QCDH [HTLC HSLC L PLQUW LWO [HTLCG [W]S CO
QU OYI RGNG Y[O RLDG ]SZ] MH]Q OC[L U[IO OON ]HNLL HO
DNL LN LCH WGU PLHFZ ][WD FHU UH TJSLW JHOG LQ HFZG [WTD L[QIF GI GUQD PLZHQU PL[DF UUH
GJSQG XQHZ UUH LCOHIC C[GHQ ODHZQO PG[DCO FTJ [WTD HOC PL[DFO FHTL HSLLY [DNH ]W[JS GJW CLGH GC ]C
TJSLWH ZOD W
OYI ZYCOWQ XSLY OL[GQO
G ]CSZ GIO COC []HG CO HDLK PYUQ GI GUQ CHG MN LN HO RL[HQ RLC MOQLO CDG
P LWU ]HU[NGH ]HZWTH ]HSHDJ PH COO GI CKHJD UEHW HGL[G HI GCSZ MH]QH HD[ZD ][UHD
EO] DL CO] HN [THQ ]HJLD ILUN UH TJSLW OCHQQ
DLQ RD GQLJ DLQ CHG LCSZ RD LCSZ HO HJLSG RGO [QC HWJFO ][G LNCOQ HZD DU
H[LDJO G ]QZS PHZSOH CSZO OHNL PFC RLC LN HWJFO ][G LNCOQ HZD CHG GQLJ
GFQD H]FOH]D [HGKH LZS CHG LN LCSZ RD LCSZ LG FLUG GIOH GFQ G]HCD LZS CHG PC Z[
HI
]C HCSZD LG DLGH L[QIO H]CS ]QJQ ]CI GU H[QC LN H]HC PLIDQ PLKDG HOLJ]G
DLQ HGIH@ PNH]D ]DL] IQ[Q GIH OC[LO H]DGC OFHE ]QJQ G]LG H]CSZ P N H ] D L]CSZ
LQ LWU > FLQ] HDO OU P]HQ OC[L LSDO GDGC COQ HDO R[GC GQLJ DLQ RD GQLJ
DZ ROGO U
LZS HSLCN H[DJO GSUG OU FHU TJSLW JHOLG
FZ