[KWS RSD[F GHYQD ZTHUG PE HD[ LSW OLDZGO GNLOG [LNIG L[ L[DFQ PLJLNHQ L H
FHUH [SO MH[U U C]L[HCF GHYQQ
PGD [QCS L[G RLOW]Q XHJ G[H]D ]H[HQCG ]HHYQ OND DLLJ ODC D[ [QC CFDI [D CDC LD[ [QC D
PHLD CZHFH PL[HKW PL[JC PLODC UQQ MLOU HDJ M[CW OCZIJLO GDZG [QC GQQ [CW
[Q PHLN G]L[JCH ]H[L[QG [ZLU IC RHC[G
FDOD HI COH@ OSN GHYQO H]UF DLLO HLOU GDHJ [UKYQ OOND HSLCH ODCG DLLJ GNHT ]HYQD VCH
> TH]H DY PLJTW LWU ][N DLLJ H]H[L[Q DEC FLIQD JTWG ]HUOQ USQSG VC COC
CN RKZ FUHQD RLOW]D ODC LSLFD FHU
HN VF
"G[H]D ]HHYQ [CDH UQ ]CL[ZD RLOW]D GOLW]D PLDLLJ GWHJ LSDH HLSLDHH R]J PCG C IQ
"P]NCOQD PLZHTUN G[H]D ]HHYQ PHLZD PLDLLJ PCG PGL[E]H P]T LD]HN D
"UDZ HC LC[U ]SL RLOW]D RLO []HQ PCG E
"GUL GQ H]KQ QH JN HC L[Z GC[H RLOW]D RLG F
"PHLD RLO PFCO HO L GQN G
JLN RLOW]G RQH GSHHN GNL[Y GOLW]G RQ PL[HKW GWHJ LSD ONH PLSLDHH R]J C]LL[DF CS]O C
J[ L[ ]UFD JO JHC JDU GHYQD ZTHU PHQ PL[WQ LH R[H L[ C[ ]HOZH ]H[N P
]CL[ZQ [HKW R]J H[QC COL LD[ PHQ RHC[ ZHTWD P]UF RLHNO PLOHNL UQ ]CL[ZD PLDLLJH
[KWS CO GHYQD ZTHUG PL[DHT HOC PLCS] C[GQU L[WH PLDLLJ GWHJG LSD ONH FH[K UQ
>GNHT RLSUO OSNH P]JQD PLFH[K ON ROHNQ PL[HKW HOC L[G PL[KHWG ]HUFO ODC@ ][JC GHYQQ
J[Q QNH GHYQG RQ [HKW GHYQD ZTHUG PL[DHT HKZS TH]GH
GWHJ LSD ONH R]JG PLKZHS PEH LOLOEG LTHL LD[N PLKZHS HSC GNOGO [HCQG OUD D]N
TSHNG HQYU R]JGH GSQOCD RLD GOH]DD RLD G]QG LQL ON RLOW]G RQH GOLW]Q PL[HKW
GUQ GU CO FU UQ ]CL[ZQ [HKW GOH]DG ]C
>PLSH[JC GWHJG PHZQD CZHFH@ RLOW]Q PL[HKW HLSLDHH R]J ZTW IJO MH[U RJODH
CHZ JHC U DKLG RLHNO PLZIJHQ HSC RLC LSWQ PLDLLJ PLZTHWG HD]N GOLW]D ODC
RLOW]Q HLSLDHH R]J [HKW KLQG PDQ[GH EU
GID ZWZWQ CEQGH DOZ CQ[G ]H
RLOW]D PE PLDLLJ HLSLDHH R]J HLNU PL[QHC LH
R]J CQ[GN EGSQG KW]S [DN POHCH FLTWG CO L[ ]UF OU MHQTO OZLQG D]N GOLW] RLSUO VCH
EN ZT JO DSQ VTHL LN[D LWU G]QG LQL ]UDD RLOW] PLJLSQH PLOOW]Q GWHJ LSDH
L[NHQ ]HD[O PLQ ]NCOQD PLZTHUG ONH PGL[E] L[E]H PGL[E]H PG ]HIHIQH RLOW] PL[WT LD]HN D
]HHYQ ONQH RLOW]G RQH GOW]G RQH UQ ]CL[ZQ PL[HKW XDUL[ RN GLH[Z GOHN ]LYLYG ]ON]
GHYQG RQ [HKW GHYQD ZTHUG [QHC GLG LOLOEG LTHL LD[ L[DF PLLZO G[H]D ]H[HQCG
RHEN GHYQG RQID P]NCOQ ]HUO PLNL[Y PC COC ]HHYQG ONQ PH[KW CO PL[QHC L C
CL[
]UF VTHL
[JCO P]NCOQ ]HJFO [WC PC ODC PLO [HWG PFCO P]TG CLYQGO []OCO PLNL[Y
JJO JHC CQ[ FHUH PJH[L HSD[ LWU [DHU GSQI GHYQQ H[KWS CO RQI
PLDLLJ GOLW]H UQ ]CL[Z ]UD ODC PHLG OND COC RLOW]Q PH[KW CO PL[DHT LH
RGL] PLLZO OHNLD Z[ LDG ]SHHN GC[SH ZQ PL[HKW C]LL[DD [HWQ COG GQ] QFDH P UHH LDU
U GI RWHCD VC PL[HKW ]HKLGOH
RN]L LODDGO VCH C]L[HCF RLOW]D PLDLLJ [CHDQ LQOH[LD PHQ LDG FFYH GI RLF KLQG PDQ[G
KLQG MNO COC GID LODDG OU ZOHJ LQOH[LG RLC D]N CEQG POHCH PLDLLJQH EGL[ OU PLZOHJ PLQNJH
GHYQD ZTHUG RLFD GI RLF OON [DN LN PDQ[G
JO PG[DC REQ LWU ]HHYQG RQ [KWS HSLC GHYQ PO COH H]TS[WO [E]G ]SHHN [ZLU PC D
P GNOG [HCD LWU GHYQD ZTHU DJS GHD PGLSO H]SHHN PC GC[SH JZT
G[LZ [D HSLC HQN HSHFO RLCH [N FNH ]QG ]C [QQ GLGN RLOW] D]HN GLG [WHT E
LDY [G LWU GU G]HCD
JTG PHQ CLH L[ JLWL CQ UDZ ]SL CO ODC HC[ OU RGN RLOW]D LC[U ]SL PFC RL E
RLLH MOQLL CQ LC[U ]SLO HOLWC XOHJ GOLODH G CJ ZJYL L[W KQ ]D CD[H TH]U ]UFG
PGQU PGL]HSD LLDC [LWH PLYOHJ POHUO PL[LUYG PLFOLG [QHC LTHL LD[ R]S LD[ L[DF UDZ
[DF OE[G LFLO HCHDL CQ
TH]GH CDKL[H GC[ LWU RLOW]D UDZ ]SL RLO []HQ [DHTH ZOHJ DZUL LD[ PL[WQ L
L[DFN UDZ ]SLO MOQLL CQ HJ HSLCH GOLOD LC[U ]SL COC [L]Q HSLC PL[WQ
R]S LD[
PF[C PC H[DJO [QHC PL[JCO H]SL [THQD COC LC[U ]SL H[L]G CO LCOLU [D VTHL D[ L[DFO
RLC CD[O ODC PF[LL CQ PLHJ RLC HLN[D RLD HC[ JLSQD RSJHL LD[ [QC JDD[OH LS[LUG
[]HQ RWHC ONDH [DFD ZHOLJ
L[ ]UFD DQ ROGOH RCN DLYSG NNH FHUH L[H C[ GI[G LWU C[]D CHG CD[N GNOG
KQ ]DD LCSL LD[ [QC HQN LC[U ]SL HOLWC RLOW]D RLO [HTC GNOGO PL[QHC LH
PNJ PD GI[G CLDG RN LC[U HOLWC UQQH PGD RL CO CD[ [LWH LZS VHE PLNL[Y RLOW]
VCH@ HLN[D RLD HC[ JLSQD []HQ GNOGO FFY FDC[GH KQ ]D R[ FDC[UH [HFG LQNJQ
HLN[D RLD HC[ JLSQH PGLOU [FHT JLSQ FQ UHD ZTWH CDKL[G NNH >MNO GFHQ CD[
RLH DHL CHGH
GQC GCQ MHOLG LFN OCZIJL [D LQ[ LS] LC[U ]SL GQNH
HL]HC[Q OYC PJLSG PCH HOWL CQ LC[U ]SL HOLWC RLO [HTC HLFLD RLOW]G IJHC [CN
UDZ ]SLD HOLWC []HQ [FHT RGLOU T[WH
CO PDQ[GH PLSHC[ LWU LON MH]D LON HC ]TNO [N RLD HJLSQH LOND PS]HS HQU H]C PC C
EN ]HN[D L[] LWU LON MH]D LON ML[YQ RLSU ONDH [DFD ZOLJ
HOWL PC J RLC [FHTD PLNH[N PG RHLN HFLD RIJHCH [FHT RGLOU T[W [WQ FL[G D
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EN ]HN[DD UU
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GNHT ]NTQ PHNLTO ]HDH]H ]HOC
GUHY[D IJHC GHU CHG FYLN L[ HLOU L[ZG FHUD HC[Q RZOTO ML[Y L[Z GCH[H RLOW]D RLG F
DZUL LD[ L[DF GYLYZD IJHC HSLCH
PLFLG LSWQ POKLH HLFL OHKL FU GYLYZD COH GUHY[D CO IJHC HSLC RLOW]D H]KQ QH JN
RG ]HLSZTU
HJFH RLOW] JLSGO [HTC L[Z OUD LTHL LD[ L[DFO JLNHGO C[QED HTLS
]DH] P GJFH` EN[ DHDO E[DSKH[Q P[GQ ]H ELF RLOW] PDQ[ [HCQG OUD []GO GNOG RNH
]LD ^GCQHK PHZQ ]YLJ[ GOLUHQ MNO HWHE OU L[ZG MHONO PHQ RHCEG PUK GC[S G[HCNOH [TC RHCE
R[LTGO ML[Y RLCH []HQ L[Z GCH[ GUD HOLWC [L]QG ]UFO PL[DHT LH Q JHC VTHL
HI GNOG KLQG PDQ[G ]UF [HCDD XLD[HG QC[ NNH CDKL[G D]N RN
PL THTG ]SL GQNH L[ G[H] OHKLD PHQ THTG ]SLQ []HL PHLD RLO PFCO [HTC D[ [QC G
]HQLS
]SLN FHF OH FHF ON LD[ OH LD[ ON D[ OH D[ O HQN GD[ [Q O H]S LLDC [QC
C[Z L[ ]HCT[W LDHN LDO C]LFDQHWQ GTLSN [HULN RL GLG LLDC ]HQLS PL THTG
M]SQ PHZ] L]Q DN] OYU L]Q FU VTHL D[ HLOU
LQS RL]LQ []HL PHLD RLO CO HQYU OU [LQJL WS OUD PLZTHWG HD]N GUQO
OQ []HL PL[QHC LH GUG ]LYJQQ []HL PL[QHC LH ]HU ON R[HULH ]HWLY[D
D]N OZG ]LYJQDH G ]FHDUH FHQLOG M[HYO Z[ GI PEH HJN LWN [LQJL WS OUDH ]HZF
JHC MH[U RJO LWU D]L H]FHDUO M[HYG LWNH PFC CHG GQ LWO LHO] PHLD GSLG RLSU
CO[ RQLTDH P OGCDH DSQ HKF
FZQ U
GOHN GQQLG ]SL OU [DHFQH ]HU LQS RL] [WO CDHQ OIL[CG PD
CWD UUH FN ZLFYG ]ZFY I[ VF ELH MOQ
"GNHTD PLDLLJ ROGOF ]HOHUWG PLLCG PCG JQ
PLN[F LNOHG C
PLTF[WH ]HSE L[QH [LUG L[QH D
PGLQQH PLOHJ E
HLQQH [UKYQ F
LC[U ]OLNC G
LC[U ]SL H
EL[
PL[HKW GOLOD TH] DHLD P]LLSJD GOLOD PLDLLJH PHLD GNHTG RQ PL[HKW PHLD PLN[F LNOHG C
GOLOD RLD PHLD RLD PL[HKW GOLODH PHLD PHLD PLDLLJH GOLOD
OYC GLTSNC ZDO PLHD PC HD RHOO DHL PHZQO GOLOD HULEG PHLD PLN[F LNOHG
MH]D GSLG OU []HHQ GLG GSG ]HQL [CD PE L[G GNHTG RQ PL[HKW RHFO L PL[JC
NK GQO ]HNLOG LWU UYH FNH PL[JC FL[KGO CO LFN ]LD
GHYQG ]DJQD PLECHFH PLFH[K GOLOD RLD PHLD RLD GNHTG RQ PL[HKW GHYQ [DFO PLNOHG
HSLH GOHEG C[ ]LDO OE[G ]DO HNOG CSHG D[ [D GD[H CFTJ D[ HEGS LWN L[ GLSHZL]DH
[GSG ]WD
]UF VTHL
]HYQ PHLZD HF[KLL PC RWHCD P]LLSJ ]UD VC PL[HKW GHYQ LJHO FHUH TH]G ]UFO
GLDC[H FHUH IHC LWU [HKW RGL] PLLZO [WCN VC PL[QHC LH ]HHYQQ HOKDLL GNHT
GHYQD ZTHU OOND ONGH []HL ZHTUO [JQO PLOHNL P]CSGO GOLOD PLSLH PLJSN [LW
RLD PHLD RLD PL[HKW GOLODH PHLD GOLOD PL[HKW GOLOD PHLD GNHTG RQ PL[HKW PHLD [LUG L[QH D
GY[W PHQ CD[OH H[HF] RLUN HD] PHQ CHG PUKG LLDCO PLTF[WH ]HSE L[QH RNH GOLOD
PLDLLJ CD[OH PL[HKW LLDCO HLSWO ]CYQS ]H[LW ]QL[U L[QHO GSLQ CZWSH DSEO ]C[HZ
GNHTG RQ ]HSEG L[QH PL[HKW RHC[G GOLOD HOLWC JU FJ CD[G ]UFO
HLQQH CHG GNHTG RQ [HKW HC[D HC HLSLUD J HOLWC GSNT HD RLC HOLWC GOHJ E
GNHTD DHLN []HL UH[E J CHG PC COC [HKW HSLC UQQ KZT Q[] DSQD CDHG HDOD
JHS RNLG DHL CQOU LOHNO COC [DFD ]ZHOJQ RLC CQH RN GC[S RLC JZT IKD POHCH ]LDDQ
DH GNHT JHSQ HSD[D PE U H]E[GO []HL HO
PHZQD [F PFC RLCH H[HF] RLUN HD] GNHTG RQ [HKW GQFCG JL[Q HC PLH]LG RQ RHEN [UKYQ F
PLDLLJ HLQQ ODC PLSHC[ [UKYQ
GNH]D HQN GNHTO XHJ PLLZ [UYG PC ODC [UY HO ]Q[HE GNHTD H]DLL GI COC [HKW RLC C
CQ[DH LNF[QD CDHQ QC[ [HKW HSLC
PLDSEQ C[L RHEN GSLD HC H]OLNCD [UKYGO LHC[G PHZQD GOLJ]NOQ GNHT GHUG D
QC[G ]UF RN G[LFN HLN[Y ONO HO GLHC[ GSLC LSWQ OON H]DHJ LFL CYL CO PLKTOQH
HOLWCH L[QEO GOHTW GSLH GL] GOLNCO GLHC[ GSLC GNHT ON RDQ[G L[DFQ PLSH[JCG HJLNHG RNH
[IS LSDCD GID UH HDOG D]N RN GSLO GLHC[ CG] GNHTG ML[Y [UKYQ PHQ GD RL HSLC [HZG ]UD
GD [UKYQ HFDO CHG PC ODC GSLD GD PL[UKYQ ONG PC Z[ GI FFY CQQ[] RHLYG [UDH W] JHC
PLZOHJ LH GOLNC RLSUO GOHTW GNHTG RLC GSLD
DH GNHT L[IU LDC
GJ[KH ]LDD ZOHF [S HO LH GNHTD ]H[SG HO HDN RHEN PLZTHWG HD]N [UKYQ OOND E
H]LDO MOGH PLQE HF[LH GNHTD ONCN RNH FQ[] CQ[ H[DJ ]NHTO MOLO HOLDD GOHFE
FQHOG RNH ROGOFN H]S HC H]FHUT [HQEL FU GNHTO [HIJO DLLJ HSLC PLQEG HZTWH
PLSHC[DH JN ROGOFN XHJD FHQOO []HQH CHG [UKYQ OOND NLU F[KHQH GNHTD
OND CLDGO HO CHG J[HK RHEN COC GNHTD H]DLL PYUD [UKYQ HSLC LWUC PL[QHC L
RLSUD >RQIG ON P RJLSGO GNHTD PHZQ HO RLCH@ H]LDO R[LIJGOH GNHTO ]H]TNH PL[N PHL
I[EG UH LWU GNHTD RLOQ [HKW HD RL GLG CO H]LDD RLO HIN GJ[LK HO G]LG PC
EW] [IS LSDC UUH >]HSE L[QH RLSUO L[ NQNH@ JKO[]
UUH CKO[] GDH] L[U FY LDY PNJ ]HD U
CDHQ
PG PLKHLFGH [N ODZQ RLC CYHL HSLCH GNHTG RQ [HKWG ON GJQ HSD[ D]N
PHZQD CO GNHTGQ GSGS GQ FYQ FNH PLQE PLF[HL RQID GNHTD GDLL [HTCO RLCH FHUH L[C ]HGEGD
GDJ[GD I DZUL ]HOGZ U [DFD MNJ KQ DHKPHLESHUGN COFH GHYQ
ODC FUHQG FHDNH DHK PHL OHOLJ PHQ GID L [UKYQ HQN [HTLC FY L PHZQD CZHFH
FL[
GNHT ]NTQ PHNLTO ]HDH]H ]HOC
LW OU DLHJQ HSLC COC GHYQG PLLZQ RWHCD RN ONH [LQJGO LC[ [UKYQ HSLC PC
L GIO H[DJ ]NHTO MOHGD HC H]FHUT UYQCD PLQE HZTW RHEN GL[JC JH[KO RLF
LQ LH IKO[] GNOG [HCD LWU DLLJ HSLC LWUC GNHTD PLQ G]HQ U[E COH [N OHDLZ
GNHT L[HKW [CD VC GI PUK LWOH KO CHFCW P[GQ ]H C[GHLN LIJQF PHQ KHLFG C[ZS PUKG D]N
LDY [G RN RLFG
CO J] GY[ PC RCNQH GNHTO XHJ ONC ZHFY LD[D GUQNH GNHTO XHJ LC[U PL]HH PLONHC G
HQYU OU [LQJGO CD PCH R[ ]HHYQD ZFZFQ HSLC LQN GI RLCH LC[ MND HQYU OU [LQJGO
LCNI RD RSJHL RD[O HO HCLDG GUQNH HH GNHT PDQ[ JDHQ GI L[GH C[GHL PHQ HD RLCH [LQJQ
GNHTO PHOUG H[QCH PLQ O LOFH ]HD]HN L] OCLOQE RD[OH OLD]G ]C PHUKO
]HTH[W O PL] D]N CDKL[GH TH]U PLYLD ]HULOD O HC PL] [QC VTHL D[ LC[U ]OLNC GQNH
GYLDN [HUL CHG ]JC GULOD HSLLGF [HULO MOHGH [FQG ]LD RD PUHK GQLUKN [QC LLDC ]HSKZ
[HTC RNQ []HL ODC XLD[HG QC[ UUH KUQ []L HC ]HJW HC GYLDN D]N PDQ[GH TH]H L[ LWU
LC[U ]OLNC ]DJS GD[G HOLWC ]H[LW ]OLNC CD[ GD[ [QC KU CQHL [JC PHZQD C
CD[ X[W HSD[ EY ZQT HO[] GLDC[ TH] GI[ C UH[I [HC HH PDQ[G HZTW RNH
DKO[] MH[URJOG ZTW RNH FHUH JUZ ZL[GQ IW[ EJ
[LQJG RNH R[H RDQ[U RN PLKZHS RLC CLEHTG ]SZTQO [WCH ]CI KLQG VL[G POHCH
[DD PL[LQJQH ]H[LWD PLOLZQ LH C[U GNHTO XHJ ]H[LW ]OLNCD E[HDSKH[Q P[GQ
KO[] DSQD PLCDHQ PLSH[JC [LQJGO RHNS RNH ICL[H X[W HSD[ LWU FNH ]HLSKZDH GSLDEDH
M[F ONHCG ODC PGLOU UDZN Z[ GI HOCO GNHT ML[YS PC PE C[G D]NH HKZT
GNHT ML[Y RLC LCFH LC[U
LC[U HCO PCH UDZ ]OLNC HI L[G HLOU H]FHUT UDHZ PC REF LSLQ ]QJQ LHUG OLD] D
REQ LWU ]WO GQHFD UDZ ]OLNCN HGL[G GYLDNQ []HLD PL[QHC LH DKO[] UH LWU
GFHUT HLOU UDZL PC COC M[DO RLC PLSH[JCG ]UF GNHTD DLO ]N[D RLSUO PHZQ ONQH FHUH PG[DC
HKZT P DSQ LWU
R[ LC[U ]OLNC PU ]JC PUW G]H GL] CLG LC[U ]LL] E
M[F RHLN PLQ ]LL]O VC GNH]O TSNGO HO L H]NHTO MHQT CYQS PC G[HCNO GC[S F
CDHQ CI[EG G]LDG PLTSNS COC HO GYHJ PL]H PSLC P]LDO MHQT PCYQGD PFC LSD
]H[UGD P UUH JK GQO ]HNLOGD
[D VTHL D[O UQQH@ PF[LL CQ G[IE CHG PUKG LC D[ L[DFO GNHTO XHJ LC[U ]SL PLSL RLC H
>HLN[D RLD HC[ JLSQD []HQ RSJHL LD[ PD GSJ [D [D GD[OH [JCO H]SL [THQ PC []HQ LCOLU
COC HSLC PLQUW GSLO HQYU UDHZ PFC RLC GSLO UDZ RLC PHQ CD[ ZLTGH MN OU HZGH
H]SL CLG HI MNOG MND HLFH KUQ PSQSQ
]QC ]W LNH GF Z CJ XD] U RSD[FQ COC G[HTC GSLC LC[U ]SL PL[QHC L C
KO[] PLFEQ L[W U GNHTO XHJ []HQ GQC GCQ MHOLG LFNQ ]HJW KUHQ PHSQS PL[QHC L D
LDY [G U [DFD PLZWZWQ LH P YGUH DSQ G IQ
HK[