CU VF
KWD PL[HCD
RGD GWLG LQFDH GI RLQQ RGD GWLG LQFD CLDLH RLQG H]HCQ RGD GWLG LQFQ CLDLH DU
RD[ZG ]HFZD PLHFZ PLQF P]HC PHQ PGD OWS PLFZ GFHWG RCN [CHDQ GI RLQQ
[JC PFC PO RD[Z PGD RLCLDQ RLC RNH ][JC GHFZ PO PTLW]GO HFLD RLCH GOLJ]Q LFZG
OD [TJS PC PHNTG ]C PLOGO DLHJQ VCH OTWS GI ]J] RD[Z CLDGO PLDLHJQ PLOUDG COC
IQ PH GDO DJ [IULJC ]HD GI RLSUD U CLG RLN[U OG PDQ[D UQQ RNH RHLFWG
L[DFO PE LN G[L[D ]OCO MLL GI RLCH CHG LQ PO D[ZL GIH CHG LQ PO D[ZL GI
PO HDL[ZQ LSL[G [QHC RGNG MND LF HLOUD CHG LQ [[HDQ GLG GOLJ]D RHLN G[L[D RLC [QHCG
TH] LWU U[WQO [[DO CD CHG G]UH [[HDQ GLG CO GOLJ]Q [CN COC G[L[D D HZOJS CO HLOUD
IO RLDH[LU GC]LO] FL[
D[U]GH H[HTLC [NHG [DFD G[L[D [QHO MLL RLC QNDH O G[HQ]D TH]G HD]N OHFE OON O []HT GI RLC KHW
GLG CO RN HOLC@ D[U]SH [[HDQ GLG [DF [[DO PLCD HSC RLC RCN LN ]DH[U]G [JC FOHS H[HTLC ON [DFD COC
UUH CHG LQ ]UFO ML[Y RGNG RLCH MND LF GOLJ]D PLUHFL PLOUD HO GLG RHLN MWGO COC > TH]G L[DFN UHNO OLUHQ
EJYZ UGC [IS LSDC EOZ EJ PL[LQ DDHF
HSULQGO ML[Y LCFH LN RLFG ON OU CLHZG RLC JDIQ LDEO RL[HTCG ON CSQLI CFJ CSLS]
COC C[QED ROGOFN HFWLLH HDC]TL FU HU[L COH G]LQD PSLF GCSG L[HTLCD HD[U]S PLJDI
RG OND PL[THC G[HQ] ]SQQ HSUQ [DN GI CHDL[D FJC HOLWC ]WTH]G OU CLG CLHZG
R]S ZJ LWU
[THC GI RWHCD Z[ [QHC L]LLG RN HOLC " CHG OND RCN [QCL ]HZGO RLC "GQND LS]Z LQ
OHKLD ][H] PGO L [QHC L]LLG JDIQO ODC POHND PHQ OHWL COO KHLFGO PL[L]Q RLCH CHG OND
]H[LCQ PLSW FZG LWON PE CHG OND [THC DH HSULQGO M[YHG MNO DH[D
PLJDIG HD[U]S CL[D LN CL[D COC CHDL[D FJC HOLWC GS CO MN OU PUK R]LO L FHU
FJC HOLWC H[QCD HFLJ L RL[HTCG O PLSLFG [QHJ ON ]C ]DH[U]O PLS]HS HSCH GCSG L[HTLCD
HOLCH KHLFGO PL[HTC PLJDIG H[DJD RLC GQ FJC OND C[QHJ L LSG RLFD RN CO CHDL[D
PL[JCG RQ FJCH PLJDI CHDL[ HC CHDL[D FJCD HFLJ []HL RLC GHDEO PL[HTC HD[U]S PL[JCG
TI[EG LWU FJCD FJC HC
L[D ]H[UG
]HNQD RLHYQDH RCN IL[EG LHFJD U TSZD GFHQ PHQ G]LQQ [HKW L[ ]KL OU
PLOUDG LW OU HC
G
KO
]UF VTHL
]HFUD ODC PLOUD LW OU HC FJC FUD JEHSD HQN RCN PE [DHFQ L[ D]N UD[SH UDH[D
COC FHQLO HSCYQ CO L[GH [DFG [HZQ OU PLSHC[G HFQU [DNH GCSGD [HTC CHG L[G G[HQE
GLJ GF GW RLOHJD L[ NNH UD[SH UDH[D CO GCSGD [HTC CHG PFCG ]C ]LQG [HD
CLG G[DT D]N D ]YDHZQ GKLD CDL[GH G[HC R[Z UH [F PH CNLC CQH TH]G HD]NH
P]HHGO
HDLLJQG GUQG GC[SN TH]G ]UF GCSGD [HTC OZTSG [H RLFG FHTL ]SDGD HZOJS GC[SH
GQ GID L GJLES GUQQ GULD[ GUQ FHQOO HSO RLC MNOH GCSGD PE H[THC GI CHG G]LQ
COH GCSGD H[THCG GI CHG DLLJ]S G]LQG DHLJ RLDQ CDL[G POHCH HD]N HQN GID RLC
UQH COLQQ G]LQ DLLJ UDH[ PE RHLNH ICN DJ PL[HU XDHZD HI G[LZJD UESH HQYU GUQG
RHUQ LQO H[HTLC LSC
HSHFO RLF [QE ML[Y LCFH COC COLQQ H[THC GUQG GSHHNG RLC GUQGQ UDHS [HTLCG KHZSS PC PE LEFGO L C
L[ ][DTO CQOD GCSGD P[H [HTCO GULD[G OU PLOUDG PLSQCS RLC UHFQ RN CO PC G[LDU HD G[DUS [HN
PLSHC[G HD]N GQ LWO ODC G]LQG HQN CHG TSZ [FED GCSGD [HTLCG PE OL CJLS TSZD GFHQ PHQ D]N
LWO RQCS HSLC MNO H[HCDD U RCN TH]G ]KL PE CLG RN DLYSG D]NH C ]HCD RCN ZQKGH CQ ZDD TH]G
OHD HO L [D FLUQG PFCN GI COG [HTLCG RLSUO ODC G]LQ DHLJ OU PLSF HSCN JSL] HSHQQ OYC DH[Z PFC
H]HFU LW OU H[H PLSF RLCH MNO RLF [QE ML[Y LCFH COC GCSGD [TCSH DOJ PU
HSLC G]LQO HSLF [QES CO ON PFC ]LQG [H HC PFC UD[ HC UD[S [H CZT ESZ FHL IKG L[DFD [HWQ RNH
L]LC[H RLF [QE CNLOF RHLN PLFU D LSWD OC[L HUDH[D HOLWC GOLNCO [HTLC PH GIG RQID RLC RN OUH GOLNCD [HTC
GLJ GF GW RLOHJD L[ RHOQ ZLHFQ RNH CHG ]HUKH GID GOLNC [HTLCO G[HG LQ
[TCLL [HG TH]G NHQN HOZTO RQCS HSLC LN VC FDD H[H O HSLF [QES [DN PLOUDG PL[QHCN GC[S POHCH
LSG FYG LWO MC G[LDUG GUQQ UDHS [HTLCG FYG LWO GI ON ODC [HTC CHG HSHQQ OU GFHQN GI L[G GCSGD
[TCS HSLC PE GC[S G]LQG RLSUO HI H]HFU PLODZQ HSC RLC RHLN G]LQ DHLJQ UDHS [HTLCG
]H]L[N TH]D CDHQ RN []HQ [DHTH ZOHJ PL[WC HSD[ ]QNTHQ GSLC GCSGD [HTC PLFU LWU UD[SH UDH[ HI GKL
D
CQ ZJYL [NID UUH [HTCO C]WTH]G L[DFQ P HCLDG POHCH H[QCF GF FN
GOQG HZJQ L HDL[ZG COH PLDNHN ]FHDU ]DH[Z] M[HYO HGYZG L[D GYZHQD
FHUH JN G[HQ] U ]HQHZQ GQND L[ ]KL POHCH HFDU HGLEG HDL[ZG PHZQDH ]DH[Z]
GYZG CHG GYZHQG D]N F JDIQ L[HTLC FDC[G POHCH [HTCH GYZHQ DJS ]DH[Z]O GYZHQ
]DH[Z]O COH PLDNHN ]FHDU PO HWHE
IL[EG LHFJD GI OND U PL[DFD PE HC CZHF GUQD PC GYZHQ GUS FYLN PLSHC[G HZOJS RNH
PO CHG L[G H]D[ZG ]UD [QCL FL[G LZTWD NNH HQD TH]D CDHQ LWN L[W
CHG LQ PO
DU
HQO CO HSULH GUKL CQ HQO [QCL CO HSZ] COG TH]G HZGH HO PLOUD
PG PO RHEN ]HDJQ [CD ODC JDIG ]DJQD COC HSZ] CO D ]QC ]WD D]N GQ LW OU DLLO L CQH
GID [QHO LH HCO PC [WL CO HSZ] PC PLOUD ]DJQ ]HFHC P [W COH ]HUK J RLC JL[ PO PLLC PO
HLOUD PO [WO GHYQ MNOH [JC O CHG [HDTLH GUKL RGNG LHYQ GI RLC [DHT L[H TH]H L[ HZOJS
OU GZG MC J RLC CHG LQ PO [QHCN FFLY COC HSZ] PLOUD ]DJQD PE KZS RCN ]QC ]WD [H
MN
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DU VF t PLJDI
PO DHJ MND LF COG RHLN G[DT HI RLC GQO CQ]T RCN RLC PL[[HDQ PLOUDG RLC RHLN [QHO RLC GI ODC
DDHF ]HD ]CDHQG CLHZG ]DHLQ GIDH CHG LNG NE CQ]TD COG RN PCH CHG LQ ]UFO ML[Y HSLCH HLOUD CHG LQ
EOZ EJ PL[LQ
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HGQ] [DN GH RGL[HQLCH RQF R]Q RLC PLQOD GOHU L[ HSLQ HSLCD RLQ
]CKJ L[D PLT[HE LH UD[C RG PL] RGL]D GH PQF R]Q COG
RHUQ LQOD CDHQ
DU VF
RHLFWH PHQ LFL OU GSZ] PGO RLCH KHLFGO VC PL[HTC MNOG TLCQF PLFZ LOLQ LSG CSLQC GHG
PHQ DH[D PLOKD PSLC PLFZ RLF PGO PLS]HS COC PGD PLOZQ RLC GD[ZGO H[TCSH OLCHG
FHUH FHF FL DH[D PLFZ HOKDL CQ G[IE
RLOHJN ]HLGO PSLF L[GH HD[U]S ]H[HTCG ]HQGDGQ GCSG [HTLC OKDLL [QHON CDH[D HOKDLSH
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CLGGDH GF DEO FHF FZQD ILUNH U IDL DJ [IULJC LWU >COLQQ PLHFZ HLGL PLJDIG
KHULQG OU O J G O PE HC PLSLFH PL[HTLC ] [ T G RLSUO Z[ [HQC DH[D OHKLD RLF PCG PLSH[JC PLQNJ L[WTD HSF [DNH
OHKLD ]HFHC EU IU FTHLD CDHQD UUH@ F DHK PHL ESHU ]H HK LTDH P [IULJCD U LDHLJ RWHCD DH[G LSLF ]C
TH]H L[ ]ZHOJQD ]CI HO] LH FO [DF DLQ ]HD U EGND OHKLD RLF OJ H[HG HLGH > H QDDH [HTLCD []G
XDHZ F DJ P[GQ ]H I QD Z[EG LHFJ HKE [L L[U LHK ]H[HTC ]HONCQ JQ [HC UUH JU ROGO
IU ROGO CDHQD UUH DN ]H[HND DZUL ]HOGZ ]HSHLOE DWZ CWZ PLJTW PL[HU
OHKLD PHQ R[L]GO RLC GQO HUS PLKHJD HD[U]S ]LYLY PO CO HHKS PLKHJ ]HFHC RF P DHK PHL ESHUD
DH[D OKD]Q [LYG D]N L[ L[DFQ JLNHGO HGLQ GFD P D]NH GQO ]OUQ PGO GSZQ HSLC OHKLDG LN DH[D
GSH ]HJFO LH DH[N L[QEO RHFLSH H]HQYUD GS]Q KHULQG L[G GCQHK ]ODZ [D HSLC PEG GCQHK ODZQH PLQ
RL[LNQ CQKD HOOD [HGK OI[DO GQHFD HLDLN[Q DH[ LW OU [DFG P UDZS GIDH FJC [DF GLGS JOD JO ]DH[U]
HD[U]S PLF[WS PLKHJD NCQ CHG CWHE FJ COHNF DD
]LYLYO PLKHJG RQ ]YZQ JZLO []HQ NLWUC GI RHEND OHKLD RLF RLC KHZSS PC PE DHK PHL ESHU G L[DFQ UQQ FHU
RCQN OHTWG KHJG ]C DHJS GI RLSUO RHLN [DFG PUKH UHDZ RLF RCN RLCH L[W CDH[Q PLSF PGQ FJC ON OU LN
ZJYL [NI [WTD DHLN C[DT UH [HQCN [N ]HLGO L[QEO OKD]Q HSLC PEG DH[G [JC MOG RLF PLLZ GI RLSUO C]LOF
HCD NHQN COFH EJO DJ TLESD [I[EG LHFJ F DJ
HQYU L[DF []HT GC[S CZU[EG L[DFD G ]HC FZ LTDH KL LT EJ LHOG KD ]HD GZG GQ DLLO L GIDH
RLC D]N CZU[ O HTLE RHUQ [U TTD CDHQ [JC PHZQDH OHKLD OLUHQ HO KHW UQQ CL T[ HL]HGEGD
VTHS UYH L[WFD DH[G [JC MOLO OLUHQ PHZQ ONQH POHN ]C [LNGO HSLLG OLUHQ HSLC HO KHW GIF OLH OLUHQ
PLSHC[G [QLQO CNLC LCQ HSLS ]HSQLO HN[F ]C [QCF RCQO COC CDH[D LOKDLO
Z RLOHJ GOKD GSLC PLJ[HC LSWD GD FDN]GO GLHC[G GNL]J ON COG C[QEG ]LHZ OU HFQU
GOKD GSLCH []HL GDHJ GQGD LCFHH
CQ