GQ VF
OYSDS C[EGQ QD L[D HD]NS PL[DF GSG
CH ]UHD LFLO RLCD HOCH HOC FYLN TSS RD [QC
CKLO
HOLCN TSS RD LO DLJ RFLF LDEO ODC [Z UDS FJCH ]QC UDS FJC ]QCDF [WO L LOHC
CH L[ZLQ L[ZL [DF COH L]LQC [DF CO HSOYC ]QC]S COH OLCHGF CHO PGLS HUDS
DLLJF OUHWG ]UHD HSO G[[LD HOLCNH HQYU LSWD OUHWG PU ]LDG OUD RLF RSLSLLFF OT RSD[H
LSHSJO DLLJF LSHSJG ]UHD HSO G[[LD HOLCNH UWD LSHSJG PU HSLFH OUHWO
PLFHJ L LCFHF LH[WO CNLCH CO HC C]UHDC FHJ CSHQQC FHJ LC C[QEG GSF G QDDH
MLL]Q EHT GILCO RLUFHL HSC RLC [JCQ ODC OON RLFHJ RLC LH RHQQC Z[ PLFHJ LH LLHH[]C
GIDH GUHDC COH RHQQC FHJ CHG G[ZQO COC ]HQLC HSO GWLTHQ H]UHD RLC CYQS GI PFC
CH ]UHD LFLQ GCLYHGO GID LET LC HZOJS
[WTD L GIO DH[ZH " [Z COH CH KZS UHFQ FHUH "[ZO UDS FJC Z[ COGH HOCH HOC RHO [WO CKLO D[G CD
]HUHDG L]H ]QCG [[D]] CO HUDLL PGLS PC L[G ]QCG [[DO GUHDG ][KQ RHLN JL[] ZYHZ GSHQCH ]QC
HLG CHO
QQ [Z ]UHD HI RLCH HTSC HDOH ]QC H]SUK DHJ ]QCD FJC ON PLQUW LN [Z COH CH KZS FHU [WCH
CO OKHS CHG UH[W HSLC GI [K H]]LQ ]UD DCG [QC PLFU L PC ED[ [QC
JNHQH GUHDG RQ [KHW HSLC RN FLUG FJC FU ODC CZHF PLFU PCG PLSHC[G HZOJS GUHDD
HSLC >C]L[HCFQ GUHD RN ONH RCND HI RHEN RSD[FQ GUHD RG@ GUHD DLLJ]S PFC GI LWO
HULLTQ FJCFU LFL OU GUHDG RQ [KWS
UUH E QD L[ C[ LWU GUHDG RQ [KHW FJC FU PE COC CZHF HCO PLFU PL[DHT L POHCH
P RLLHYQD
HLOU RLOEOEQ [JC PHZQQ GUHD HO OEOE]S HULDGO OHNL RLC RLTL[CGH RLW]HG HZOJ
HSLC GI ]C GI ULDGO PLOHNL PSLC HZOJ RLW]H GI RLF JLNHG EN ZJYL [NI [WTD ONG ]C
MN CHG RLFG [ZLUQ COC GUHD OHEOED MN [JC HDLLJO PHZQ GQ RN PC GCFHGH GOLJQ PHQ
GLOU HULDQ LCFH ]SUK HO G]LG PC IK RLW]HH RLJHO PDQ[G L[DFQ RN JLNHGO D]NH HSZ]
OLKGO OHNL KGD D]N FHUH GUHD DLLJ GZHOJ ML[Y [DF P [CS ON JG P D]N RNH
GSZ]G RQ [HKW JNHQ COC GOLJQ PHQ PUKG GLG HOLC MLL GLG CO GI ONH P[J HLOU
HQN P[J ]ODZ HLOU OLKGO OHNL HFHJ ON PHZQ ONQ GUHD DLLJ HSLCF VCF GC[S GIOH
CNLG PE GQH P[JD ODZO GI RHEND HSLOYC HEGS [DNH P]T P[J HLOU OLKGO OHNLF PDQ[G D]N
P[JD GODZ ULEQ HL[DF LWO VC [DFO PLOE[ LF
[WNH ]YZQD GFHGH ]LULD D[U H[DJ ]C PFC UD] RHEN GUHDG ]C ]KQQ ]LULDGH
OG PDQ[G ZTW RNH LQOH[LD C]LCFN G]KQQ ]LULD RLC GLOU [WN GHOQ CLG GNOGGH ]YZQD
GLOU UDLL GQHZQD CLG ]FQHU [WN ]YZQ H]HC ]ULD] RHLN DHJO PHZQ GLG RNOH L GKLQ
]KGL[Q GZG COC ]NTQG VHTD CD[G FFY RNH R[ HSQQ UZW GUHD DHLJ OQZ ]LULD [JCO PE
KNZ
UY D [CSH G[LWNG RHQQ ]C ]KQQ ]LULDG CLEHTG
]UF VTHL
GULD] OU GUHD OEOEO [WC LC FNH V]HO GUHD DLLJ]S PC [Q]C OHEOE RLSUO [WQ GC[S RDC[ LHFJD C
OHEOEG LU GUHDG DHJ QQ KHQL HD RLC [DF OU VC [WO H]SHHN G[HCNO GC[SH ]LULD GLOU [DU PC ][JC
KQS
]HKL [HCDD JL CJ QHJ GQ ]H[EC ]H HK GKLQ LHOG J[EG LHFJD FDC[GH PDQ[G L[DF [HCDD UU D
PLSHC[G
]HSZ] OCHQ [QC RQJS D[ [QC COC RCN HS ]HOHFE ]HNOG OCHQ [QC GFHGL D[ [QC
]HUHDZ RC[Z PL[WQ L [LNC GHLFH ]LDG OUDQ GUHDO RSD[ GH[ZU RCN HS ]HUHDZ
>ROGOF PUKGQ ONG [WHN PEG HULDGO LHC[ GLG@ ]LDG OUDQ GUHD HZL]UG P OU
H[LTG > WS PGLUDHZ ]C UDHZ HQN@ G[TG RHOQ HC CEQ RD L[ LWU [LNG OYC G H U D Z H
OLSHOQ L[ GIO GHS]SH GIQ GUHD
LWN [KWLGH G]C UDG COC L]DHKO HSZ] JZ]D LWC LC DGUDO [QHO OHNL [LNG RLC HI RHOD HIQ[ FHU RN]LH
PDQ[D [HWQ HQNH DGUD COH UDS [LNG KOJHQ RWHCD CLG GUHDZ GSZ] OQZ HIG GSZ]G COD RZ]O LHC[ GLG
LQOH[LG LWU HQ R[G LHFJD U DGUD UDS FHJ [LNG GLG PC POHCH FC RUHK
Z[ CO C]HD[H GOHFE RHOQ GI RLUN ]HOHFE GFHGL D[ RHOD PE RN [WO L DH ]HUHDZ RQJS D[ [QCN GC[SH
RN]LH [NHO GHS]SH C]L[HCF RLUN ]HUO LHC[ GLG LWN DGUDQ GHZL]UG VC COC G[H] RLFN CO GUHD PLQNJ HDLLJ
]HSZ] L] RLUN RG PLD[ RHO KZS MN PHQ
H]DH]H CKLO LZTDLSZ J[EGO L]OC GOC GSG
CHG HLOUHWD FH[K ]LDG OUD COC
PEG HLOUHWD FH[K DGUD LWO OKHSH UDS [LN ]HUHDZ ]HSZ] HSZ]F CGD RLDC COH LSC [UD
OU HC[ GQH FH[K CHG PEG DGUD ]UHDD LET C]L[HCFQ COGH [KWSH UDS DGUD C]L[HCFQ
[HFG OHZOZ LWO RZ]O M[HY HC[ ]H[HFG MQD ]HS]G RCN MLL CO G[HCNOF [DFG ]HSO GNN
ICQ GLG GIH CF[K PHQ GDLTG RCN MC DHLNH RLCQ[G HD[]S HC[ OL ]TLG ]UHD CQODF
POHUQH
GSUQ
[]HL PLUHE[ ]H[HFG HLG GOJ]D
RDQ[G D]N GQ LWOH RDQ[G LHFJD RHO ]HUQQ L RNH PLSH[JCD Z[ LQFFD H[QC CO PLSHC[ ]H[HFD OL PE
HC[H [LNG O HLLJ ]SZ] PHQ DGUD OU GUHD RZ]O PLQNJ HCD [JCO Z[ LN ZO C[ZLUQ VL[G LWU MQGD
OON GUHD RLC C]L[HCFQ ODC [LNG OU GHSZ] UDGO OHNL RLCH FH[K DGUD
GO ]JNQ LNLG CSQJ[ DLLJF RL[QH ]UHD RN PC C]HLOUQ LCQ CD[ GLO [QC DU
MH]Q PLFUD GLO FLZWCF "HTSCS HO [QHO OHNL POHUQ PL[DF HLG CO HO [QHO OHNL MH]Q
CLHJLF COC GNOG RSLC HOC ]H]QLZHC PLSHC[G ON HQLNTG [KD GLO FLZWCF [QHO OHNL
HELQDH CLG PLQNJ ]SZ] [LNG ]UHD GSHH HELQ ]QJQ GUHDQ [QHG ]C PL[KHW RLCH CQOUD
RHC[G HSLF OU HGHFLQUG HGF ON
[HCD ]HSHUK R]OH HELQ PL[QHC RLC [DFG PUKD ]HKL OO PLSHC[G HZOJS COC
GUHDQ [HKWO HELQ PL[QHC RLC GQ[GH PDQ[G CEQ RD L[ OCSSJ HSD[ ]KL
OZ
GQ VF ]HUHD
RSL[QC CO R L [ Q H G ] U H D Q L[HKWCO HELQ JD ]H[LN GSQ FLEQD CDHQG PL[WQ L ]KL
GUHDQ L[HKWCO PFGO HC L][IJG [QHO ILUQ PFC RLC G I U G F HELQ C[GH TH]G ]KL
RSL[QC CO
RL[QHG ]UHD LWO HELQ RCN OLUHQ RLC UHFQ [DFD PUK R]S DLC RUKSH RUHK JQ [HC [WTDH
UFHL HSLC COG CHG@ ]LDG OUD O H]UF TLWGO LFN COC GSLC ]HUHD [CQ CLG GSH G[H]D
RLF]LDG LWON L[G GUHDQ [QHG ]C [HKWO HELQ MLL RLC RNOH >HSHFZW PU U[C GQQ PHON
HELQD H]UF TWH] CO L[GH DGUD ]UF TLWGO COC GFUHS COH LNG HCOD RQCS CHG
L LWO COC GID ]TWHQ FD ]UF M[FN HELQD TWHL CO UHFQ VLTHGO [LUG CLZ LL ]LD [WTDH
GSUK ]HNI HO ][CS PHZQ ONQH HELQ OND ]QLLZG G J N H G G GOKD RN PCH GIUGF HELQ RCN
FYQ GIUGF HELQ OLUHQ ]HQHZQ [CD RNOH [JC PHZQD [CD]SH ]HJN LS HELQD L FHUH HC[EG [CD HQNH
HELQG OLUHQ RLC H]UF ]TWGO GFUHS GUHDG RL[QHD ODC GI JN
[HKWO OLUHQ HSLC GIUG O HSLC HELQ PE UQQ OSG QQD PL[WQ L G L[DFQ PSQCH
JQ[HCG L[DFNH RL[QHG ]UHDQ
]HSQCS ]JNHG OU TTHDQ CHG H[ZLUD LN VC HELQ G RLSU HL[DF V[H]H GSH M[FD LL ]LDD [CDH
GOKD [DN HELQ RLF PT[W]SH UDZS [JCO COG ]JOYHQ []HL [Z ]SUK RUK CO MNQ R[Z HSLC
DH HELQ OLUHL CO RLFG UDZLL PC CTLE MFLCO L[G RLFG RN UDZS ]CI OND COC GJNHGG
RHQQ CLYHGO [CQ RLFN CO RHQQD HZLIJGO DKHQ RHQQ RLSUO RN OUH ]QC RUHK GJNHGG ][IHJ
RLF UDZS [JCO MC GJNHG OU TTHDQ HELQ G H[ZLUD LN VC RN PC CYQS RLFN CO ZIJHQGQ
[DN RLC LN VC GIUGF HELQ OLUHQ GDLTG HIH PUKG OKDLGD VC UHDZ RLF HGL[G GNOGD HELQ
G]HC RHUKO ILUQ HSLC PFC P]T L[G [Z ]SUK RUK CO OU GJNHG
GUHDQ H[KHWO ODC RLFN CO RHQQ CLYHGO RLC G[HQCG C[DTNH RHQQ RLSUO Z[ GI ON MC
OSG E GKL GUHDQ [HKWO OLUHQ HSLC GIUGF HELQ RNOH [ZO LO GQ ]JNHG PU HELQ H[F
HELQ PHT[WD RLFG UDZS [JCO L[G GUHDQ [HKWO OLUHQ HSLC GUQO HELQ ON PDQ[G ]KLOH
OUHWD GJNHG RLC GIUGF HELQ RLUN LHG POHUOH [HQCN HELQ D GLC[G GOKD DH OLUHQ
]HSQCS RLSU PL[DHT P [CD GLSG GKLG ]HUHD [CO RL[QHG ]UHD RLD PLZOJQG ]KLDH
ONQ H]SUK OKDQ GLG UD]SG GY[ PC RHLN FESN FYG O L[D G ]SUK ]HUUH[]G CHG HELQ
]SUK JN [ZLU CYQS ]LFESG GSUKG ]C OLON ]OKDQ GDHK GSUK GFESN RUKL LU ONH
UDGO DLHJQ RL[QHG ]UHDD RN OUH GOU GSUK P HCO MNOG UD]SG ]CFHGQ ODLZ HSLFOUD
GUHDQ H[KHWO HELQ OLUHQ RLC U[C GQ PLUFHL PLOUDG RLC POHUO L[G ]LFES GSUK COO PE
FJCFU ]UHDQ VC [KHW HSLC GIUGF HELQ PL[QHCG ][DT [WO L D]N HI M[F OUH
FESN FYG RQ ]LON] ]ULD]
GULD] PLNL[Y HOOG LN VC ]LLOG GKLG ]YZQDGFHQH
GUHDG DHLJ ]C [HKWO OLUHQ HELQG RLC MNOH GDLTG ]SUK GSUK D M[HY RLC
]YZ GQHF M[FD H]JNHG GOKD DH HELQ RLF UDZS [JCO D]N C[DTG PYUDH PLZH]Q PL[DF RLSUG ]DJ[GD U C
LCFH ]LC[ FYQ COH ZWT FYQ Z[ OLUHQ ]QCF CDLOC HELQ ON CS KL YLLQQ LHOLUG LHFJD L
GIUGF HELQ OU Z[ [DHFQG RCN COGH RWHC OND GUHDQ [HKWO HELQ PL[QHC RLC RCNQ FQO PDQ[G ]KL [HCDD FHU D
RN PCH JLO FLD RHFZWG JO RHUKO RQCS P FLJ GQ LW OU FO DJ ZJYL [NID [CD HELQ [C OU FQO RLSQH
GIUG RCN RLC
COZ
]UF VTHL
CDHQD U GIUGF HELQ OU FHU KWZ QU DG DD OCHQ [ L[HUL RCN R[D U GUHDQ L[HKWCO HELQ OU FHU E
HO DDD
PC CHG MN PC ]UFO ]H]LL[DG RQ ZFZFQH ZFHD GLGH HDOD GI [DF P [QHON CQJ [D LQ[ L[Z
CEQ RD L[ HCO
OC HLFDU HC LNC H[DF CO P]GF HSLLGF SH L]NHF [C ONQ LWK RCNO GI ZHTW RLSU GQ UY
OC P NWUCH C]EHOWG LOUDQ FJC ] D[ LG CO CNG RNH HDO OC PL[DFG FHF P NWUCH FHF
CKLO OYSDS C[EGQ TG OND LSQHFQN RN HSLYQ CO GQ OCHQ [D GD[ ]C OHCO HDO
HQ VF
]LDG OUDO DLLJO COD [LNG UZW GLC[ L]LLQ CO LCH GUQG XYZ OCHQ [D GD[ LS] CGH
GFHQ HSLCN [DHFQ LCFHDH@ GLC[G HLOU H[DJQ CLYHQG RHO PHZQ OND UQQ RN OON GUHD
RQJS D[ [QC "RQHC FLTWLH ]LDG OUD UDL LCQCH > MOLG HC ML]U[W RUHK COC ]YZQD
]LDG OUD UDL HC OHKLH GLC[ CLDQ HC ]HQHZQ [CQ CHG GSHQ RHO H[LW LS]Z RLFFYO
COC ][JHCQ ]TLG ]UHD CO@ PLQNJ ]SZ]Q GUHD UDS ]LDG OUD JNHQ RCNQ RQHC FLTWLH
L[ LWU WS LJWD [LNG CYL CO LFN RN HSZ] PUKGH ]YZQD GFHQ HSLC PEG >C]L[HCF RLUN
CDKL[ GQ CEQ RD
U[W RHEND CO ODC DGUD UDL ]YZQD GFHQD CZHF VL[G RHO ]HUQQ LWU R[G LHFJD U PNTHQ [DFG RLCH
GUHFL PLOUHW ]H[LN L[G KUHQ [DFD P]ZHOJQ N[FD GUHD GI RHEND HSZ] CO GFHQ GQ
CLG GJHZO RHUKO OHNL RWHCD CZHFH GLC[ CLDGO ]LDG OUD OU RQHC FLD ]LOK RQI ON
HO CLG [QHO OHNL GLG HEQ >[]HL COH@ ]LOKG LQF LFN FU H[N OU RHUKO RQCS IC Z[ LFLD
GKW FOZ QHJ PLZTHW HO GOLUHQ ]LOKD H]ZIJ RLC LFLD CLG GJHZO RHUKO OHNL HSLC RWHCD ODC
U GQ DD LWU
GFHQ ]LDG OUD PC COC UDS HSLC [LNG OU [LQJQ CZ L[HQJC RL]LS]QF GFHGL [ CQLOLC
GYLYZG OU ]LDG OUD PU ZHOJN VC [LNG UDL PLQNJQ []HL OZGO HL[DFD HSUQ COH ]YZQD
KHW
R]LLU ]OJ] [WQ KJ RUKSH RUHK PDQ[G R L L H U G [LNGOH OLCGO RLLHUG DU
[JCO GTLW]F LQUKO PDQ[G LOHCH GSQ FLEQD [CHDQN GID HLOU PLZOHJ PLSHC[ [CH MNO
LLQUKO P]ULTH TH]H CQZC[QO ZIJHQQ CLYHGO LCFH [DF RSLUD MNOG CLSGQ ZWTG FOHS
CKLO OYSDS C[EGQ ZQO RSL[FGQ ]LCFH ZIJHQG ]ZIJ RLC PC MNOG CLSGQ CO ZQQ GTLW]F
OU RUHKG ]LDGOUD [QHON LSLC HC CHG FLQCF LSLC LC CSLIJ "LCQ CWTNF CTND HSUK
GQHFNH FLQC CHG PC Z[ OIESG ]UHD D RQCS G[ZL VTN THN H]CQ DSE HSNQO TSNSG PFC
DOZ