LQF FOHS RKZN [LLE]S [E
LN QQ FOHSN CHG CYQS GSLNG LWSN ]J]Q GFJ WS PLQG RQ HD PLSZQ H[LE]GD LN
FOKL C[ZLH MLOC Q[ LWU HSQQ GH[LDUG G]LG G[HGK CO [C WSG
PL[HKG OUD LQF FOHS RKZN [LLE]S [E MO [QHO PH]LH [E [QC CO PH]L [E KWQ GK] CO
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PHDLG RQ HLDC ]C [KHW PHZQ ONQ RD HO L LQ
DE OU VC PHDL ]HYQ PHLG HOKD PUKG GIQF RLO[D ZFDC OI X[GQ RHCEG PD L]UQ
L LOHCH C[F [NC COF RH[JC RQID ]CI OND CLG GHYQ HCO PHDL PHZQD GYLOJF GNOGF
HQT[WO LHC[H ]QC GI PUKH JC ]C [HTLCD UEHW CSHHE LCG LNDH PHZQ ONQ RD ]Q JCGO
]HLJ X[GQ LHFLJ
EN VF
GDHGC COC "PHZQG LSWO GCHS LH PHZQG LSWO GDHGC L LNH GCHS ]JCGH GDHGC ]JCG
]HWTH]H L[ U GLCHLSD GCHS GCHS GLCHLSD GDHGC
M[DQ DH]NG P H[F CY] L[WTGQ JNHQ RN@ HKHW LFLQ ZHTWG CLYHGO HSL]HD[ ]SHHN RLC
OOND COC >[HTLC LCHLSO Z[ GSHHNG G]LG PC RN [WO CC RDHQNH GCHSO CGL [HNDG
CO ]FJHLQ G[GICD M[HY RLC HKHWN Z[ PC LN GLCHLSD GLCHSH GDHGC PE GCHS H GDHGC
CY] [LG [[H GODZGH D]NG LWU L[ H[LWN GDHGCG RD ]C [NDO
GCLS GCHS RHOG LHSLD IQ[S GI [DF [WCH
OUHWD GOUDH GCG RQ ]KWHQ GCSG HOLCN HNH GULFL GFL[L HQN [DF P OU G[HQ GCLS LN
RQ PLLHJF HL[DF GO COH HLSLUD GDHGC [QCO PNJ]G UDC[DH @ RCN L ]FG FYQ GCS COC
P GODZGH D]NG > C[ZF CSLOQH GODZG
UDZ O DYQ HUQQ RH[JCG GI OLUW PYUG P RLDO OHUW OUHWG RLD RLJDGO L VTHS RWHCDH
VC RH]S ELH GLQJS [HN LSQI DYQ ][C]Q GSHC[G G[HYO FHELSD RL]S FLZW [LN HQN
HJH[ DYQ LWN PLLHSLO GSH]SG DOD GCS OU [DHFQ RLC GCLS GEL[JG G[HYD DH]NG IQ[ RCN
CLG COG PGLSLD [EO ONHL CO POHUD [E PH POHUO GUHDZ GCS CLG L[G COC PFCG O
DQZ QU PSHODH OIJ L[DFD PLSHLU MH]Q [HTLCD GLCHLS ]CI
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GCOWGG
C Y H G CYHG MLDCO HO PL[QHC RLD PLLZ MLDCO HO PL[QHC RLD XHJ ]FOHQ HC ]LD ]FOHQ
HSLLGF MLDC ]LDQ XHJ CLG RLD MLDC ]LDD CLG RLD COC UQQ RLHCO LDLLJ RN PC CZHF HCO
RLFG PYU FQOO M[YHG RLLG] LNH@ M]C GSLC LWO [QCZ KE COD M]LDQ CYHG H ]H]L[N LDLLJ
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MC LH]D QNH ]H]L[N LDLLJD DH]NG FLQUQ L]LLG COH RLHCO LDLLJ OU CYHG [WQ L]LLG RLLG] LN COD GC[S G[HCNO
QNH GHJC [HTLCO PGLS PLD[]Q HLGH RLHFLZ RLC PGLSD LN ]H]L[NO RLHCO LDLLJ GHQ L]LLG RLLG] LN HCOD OL
CDKL[D
OHTW OC[L LHG CO LQS [N LHG CO [IQQF LGS MSD LH[Z PLDNHN FDHUG RQ CDG M]D RD
L[U GSHGNO OHTW COC CHG OC[L L[NS DCQH GLFHGL PCQ CDG H[LW PLSHC[ GD[G L[ZQ
GOHTW PGQ GFOHSG ]DG Z[ PCG PLSHC[G HZOJSH GF [IUG RDC MH[U RJOD ZTWS MNH P [H GQFQ ROGO
H[LW PGQH IK LTHT UGC [IS LSDC U RDG ]DD OZGO PLZTHWG ]U[NGH GOHTW PSDQ ]FOHSG ]D VC HC GSHGNO
FHUH L L[LCQ RDQ[ VL[U OHTW RLC GSHGNO HOLWCH CQOUD RLTJHL PEW L[ZQ OHTW OC[L
TH] P C[GQH TH]G LZTWDH GU P TH]D UQQ RNH LFN [HQC ][WDH JT RLHFZ L[U PL[DHT L POHCH
H[DT PLZTHWG RQ HLGH OGZD CHDO [N ODHK [CN Z[H ]H[LE PO GOLDK ML[Y FO(G
v
IK OLUO
MNO HJO RLC HUL[NG PLSH[JCG PLZTHWG DH[ MC ]H[LE PO GOLDK HNL[YGO HI GKLO HJO
P GQO ]FQJH PLI[C LYU GF UGC GDH] LJ]W DHT[ FHL CZU[ U GSHGNO OHTW COC OGZD CHDO [NH
FHUH IK UGC [IS LSDC
]DD HOHQO GNOGO PLZTHWG HKZS ]DD OJ LSLQG PHLD FO(G
v ]OLQ RLSUO GSLQ CZWS RNH
PL[ZQD VLSTN ]ZOHJG GKLG ]C HW[Y L LN PC FHUH FQ FJH CN EJ [IULJC U CHG [HQE LFHGL
HUZ EJH JT DJ LHOG KD ]HD U PLQLHTQ
[HKW FJCG PHNUD L PL[DF LS HI M[FD PL[DFG [LDTG F LTD [HYLZD UH O ZJYL [NI [WTDH
RQID HSLYQ HQNH GID GI PLLHO] PSLC PL[DFG LS GSGH OGZD CHDOQ OHTW ]LSGH ]HHYQGQ
RLLFU [NHG CO OC[LN ]HHYQD [DN DLLJ]S PEG HCLDG CO FHU ON RD[ZD DLHJQ [E ON ]LDG
OGZD CHDO
[JC MOG LLO [HF PGO HFOHL [C PLSD L[YQ [HTLC LDEO [QCS PGO JU ROGO C[QED H[F GSGH
RLSUO PE RN PCH RLOHTWG OND [QCS GI RLF OHTWG [JC PLNOHG PLOHTWD PL[N HD[U]S PC ROHTW
]C [LTL LN ZHTWG RQ HS]LEHTD [FSN PCG [JC PLNOHG ]HHYQG RLSUO PSQC ]LOC[LQH LHEQ CDG
OC[L C[QEG ]SHHN HIH ROHTW [JC MOG RLFQ HOTHW LHEG HLDC ]HS]J LSLF RLSUO MC HEH MSD
LHEG HLDCN OGZD CHDOQ OHTW CHG OHTW
HSLF ]HNH[U ]HLEHT GQNQ GLOU HGQ] PLD[ ][NISG PLSHC[G ]KL ]C DLLQ CHG GI [DTGD
CO FHU ON LHEN HSLF RH]LJ OHTW RLSUO COC LHE CHG [QHO HI GKL ]SHHN RLC [LDTQH OC[LN
LWO H[LNGO GOLDK GOLUHQ G]LG HLDCO PN OGZD CHDO [N ]H[LE PO ODHK PC MC ODK
L[DFQ GI [DTG JL[NG DL OCHQ [ LHFJD GDJ[GD UH OHQLS CHG ]DD GOLQ RLSUO PLFHQ ONG GI [DTG
TH]G
PCGN COC H[QC CO LHE FOHG PL[DHTG PLSHC[G D]N J CJ UGC GQ ]H[ECDH RCN GQ ]H[DFD RLKSLW Q[EGH
GIN RWHCD GKL G]HCO HJO L GNOGO GI LWO D]NH GFQ]S
U PLFL L]D ]CI GJF EHK DHTLC L[IU LDC [WTDH GT FT JW ]H[HND OG KL[GQG O HZHOLJD UUH
L[ PD D UGC GQO ]FQJ ]H EHK DHTLC MOQG [U CO GFHUT ]HNOG JZH[G [WT HDO C[G ]H UUH
GYZ LTD UH@ EKOZ GJ LHOG KD ]H IN GQ L[QC JT RLHFZ GF LQH[Q I CJ PL[LQ DDHF ]H CTLOQ
DU
EN VF ]HQDL
]ULSQ G]LG PCH PLLT PSQCH [HTLCO ZTWH GFOH OLWGO GO [L]GO [WC PCG L[NSO G[DU]S OC[L ]D OU OCS
JL[O GQ [HC > PHL PLUD[CG LSWO RHFLSG GLG PC K[WDH PUW FHU RLLUQ L]LLG GLZOCH GQUO PCG DH] CO P[HE GOWGG
IQ ]H[HNDD CDHQD U GI RLFD FHU KQ LT CKLO [WHT
[HTLCG LW OU VC RGL]O XOHJ FJC JC HOH ]Q ]HLJC L]Q ]JC FLZ LQ DU
ON [CN [DFD PLOZQ RLC UHFQH CQ ROGOFN RSD[FQ COC HSLC H]ZHZI ]HJC HC H]YHOJ ]HJC CLO
RLF ]LDD RGQ ]JCO XOHJ LSWQ PDLL CO RCN PLQNJ H[LQJG GOLJ]NO VC []HQ RSD[F ZWT
][]HQ GYHOJ ]HJC HC GZHZI ]HJC H[QCL CQ HJ MNOG GQDLN ]LC[SH [DFG PT[W]Q L[G
FHUH ROGO RDQ[ LWU GOLJ]NO
G]HC PLCLYHQ FDULFD HOLWC UQQ CLYHL CO TSNH PFZ PC CWLTD HQN RCN HS CO MNQH
]HJC C]L[HCF GH[U J PHQ P][LIEO PLQNJ HQLOCG RSD[F ZWT COC HSLC LWUC HSQQ
[HTLCQ GSHH@ G[H]GQ ]H[HTCG H]H[E ]HJCO GQHF H]YHOJ ]HJC RNH H]C ]HJCO GQHF H]ZHZI
>HCO [HTLC COC ][N [HTLC O C[[F P RLC ZWTD H[TC CO MHQTD C[QED [CHDQ RGNO GYHOJ
ROGO VTHL LZHQSH FL[ CDKL[H CD[ LWU
]UFVTHLD RLHYQD U ]D L[HTLCD RHEN [HTLCG [QHJ PHQ RSD[F ZWTD PLQNJ H[LQJG ]HQHZQ GQND HI RHEN HSLYQ C
]HFDO HSO RLC MNOG C[QHJO RSD[F LZLWT GD[G HSLYQ LKT NGZSDH CZWT ZWT LOON VHTD MG D]N [DNH JO ]D
RSD[F CZWT HSDOQ
TSNN VCH [HTLCG ]C PLQNJ HQLOCG RLQDL ]HYQ OHKLD J PHQ H[HTLCH GZLI RLC [QCF RCQO VC CLEHTD UQQ D
[HTLCN PLQNJ GHCU RLQDL ]HYQ OHKLD PHQ OYH ][N [HTLC O C[[F RCN RLC PEG CLYHGO ML[Y H]ZHZI]HJCZWT
UYH KN CD[D UUH H]C ]HJC
C]L[HCF CZLWT PL[DHTG ]KLO OHCO L RLHFZ HHG GCLDO RL[HTQ RLC RLHFZ GSLQ UQ
GC[S COG GCLDO PL[HTQ RLC RLHFZ ]HLJC L]Q ]JC FZQG DJS UHFQ RSD[FQ COC [HTC HSLC
LCFH RGQ ]JC L[G C[HTLC UDZLC PHQ RN [DFG RLC ][]HQ R]CLD G[H] RLFQ G[HCNO
]OLC LWU >LHO] PC CLDQ L[G@ G[H]G RQ [HTC ZWTG PLFHQ ONG C[HTLC UDZLC DH ]FHZQ
RLC RLHFZ PHQ ]HFHZQ RSLC ]HLJC L]Q ]JC FZQG P RLHFZD [QC CD[ D]N DLYSGH CS RLHFZ [JG
G[H]G RQ [HTC ZWT [DHT GCLDO PL[HTQ
GOUL LOHC JLSGOH ZWT O DYQO TSNGO G[H]G RQ [HTLC RLC CHG H[LWG G[H]G RQ []HQ ZWT GI X[]O GC[S GLG FHU
ZWT O ]HCLYQ RGL] COC LCFH ][H]D ][]HQ GSLC ]JC VC LCFH RCN RN PCH [L L[UD GID ML[CG LWN []GG HFLD
G[H]G RQ [HTC PLFHQ ONG [WC DNE [L L[UD [CD LWN PFCG FYQ GULFL [THJ O ZWT COH PYUD ZWT GI L[G
JLIL ]H]L[NO PLQHNLTD UUH IT PL[FSD CDHQD GI RLUN UH
OUH H]C OU [I OHQL COH ]QG ]LDD RHQQG [CL LFN PHDLG ]HYQ PUKD KWG M[F OU
CHG LN ]Q O H]UF RLFQHC GID LN [I LCO GYHJG ]QG ]C GLG] CO [QCS RLSUN HLTNS
HS[L U[I HO RLC RHLN [JCQ []HL H]C OUH HLTNS OU HLJC OHQL GYH[
CLGN WSG ]CSG OFE] LN UHFLH ]QG WSO GOHFE ]OUH] PHDLG ]HYQ GODZG M[F OUH
EU
CY] LLJD HSD[ HQU OHFE ]HNLL HO L LWO []HL GJWQG RQ DH[Z CHG LQD ]OEOE]Q