EZ VF
[HU ODC [DD LOLQ LSG LTW] COF [QCF RCQO HOLWC COC ]LDG ZFDO GOHU TLW]QO K[W
GOJ MNOH OON RD[Z ]HFZD HFZ HSLCH CHG PL[HQE RLOHJ RD[ZG [HU [QHO GSHHNG RLC TLW]
GZL[IG LFL OU PLSGNO []G RHUK [HUG DUD ROGOF CLEHTD [CHDQ L[G ]LDG ZFD ]HFZ HLOU
OONDH GOLUQ HD L PFG Z[IS CO FHU ONH >PLSGNO [HUG [L]Q PFG EQ OLUO CLG GNH[U GSQH@ [DN
O CHG L[G ]LSHQQ GSLJDQ COC RD[ZG PU VHEG ]HFZD HFZ [HUG PE LCFH COC CHG G LFZ
FLD ]OHNL L MNOG >GSHGN ]HS]Q [CN PLSGNG HD PLNHI GZL[IDH@ R]H[Q CYL COH PLOUDG
EL G[HQ] DZUL ]HOGZ LWU ]LDG ZFD ]HFZD [HUG TLW]GO PLOUDG
D]N KGN DJ [IULJC ]HD UUH ECNZ [HC LFHQU IY EJ PL[LQ DDHF IS PLJTW C[GQ ]HFEC LHFJD UUH
RCNQ PE ULLTO [LUGH HLOUDO MLL CHG L[G RD[ZG ON PYUD FJO
RCN LDY [G LHFJD GNH[CD GC[H DL CJ PG[DC [DF DL PL[HNLD MOQG [UD U CO GFD TH]G ]LHZ OU
PO [DG ]HOHU HD JZOL PC PHQH ]CKJ PHQ CD ON GO PC PC CHG PC
LHO] PCD LWO CZHF LHO] PCD GI RLF D]NS UHFQ PUK ]]O L PLSGNO [HUGH LOHC G[HU
[])Q RD[ZG GUSH CKJ CO HC CKJ HO UFHS [DFG LHYQ
[QHC L]LLG CKJ CO HO UFHSNH ZWTG OU [WHG H]OLJ]Q L[G LHO] PCD PLHTQ HFLJ L FHUH
RCN RLC ZWTG OU [WHG GOJ]Q RHLN [QHC L]LLG MWGO HC LCS] OU [WHG HOLCN RLOHJO CYL
C[ZF CQUK PLNOHG GDFSO ]H[]HQG ON DH]NG HSULQG MNO CKJ CO HO UFHSN OON ]HUK
C[ZLH CKLO LZTDLSZ J[EGO
LSG HLFZG ZOHJ PFC [QCF UHGL LD[O HOLWCH UHGL LD[FNH HLTNS LFZQD GLO CSLQZHQ
UHGL [ ]KLN Z [ PL[W]Q GFHGL [ L[DF GC[S L[WO TLW] [HU ODC [D LOLQ
ZFD ]HFZD PLHFZ PGL]H[HUH GOHUO HD[ZLL PLQLQ]G PL[NIG P]TD ]LDG ZFDO HLTNS LFZQG
PG L[G ]HOHU LN[HYO PL[NQS GOHUO PLLHC[G RHLN [IULOC [O ODC PLSGNO PLS]LS PSLCH ]LDG
[O RN ON ]H[HGO CD HSLC UHGL LD[O H O L W C LHKLDGH@ PLSGNO RGL]H[HU ]HOHU [CN
]LDG ZFD ]HFZD TW]S [HUG GOHUO PLD[Z PL[NIG UHGL [ [QC LWUC [QHON COC [IULOC
>L[W RN
[IULOC LD[N ZTW GSG LN RN [W CO GC[S IG RLN[U CNG ]HSD[ZG GUQ PDQ[G L[DFQ POHCH
P GSQ PJO G MN OU GQ] [DNH RCND C]QLZHCG ]C ZTW PEH [JC PHZQD CDLZU [ ]UF PE CLG RN
[IULOC [O RN ONH UHGL [O H O L W C [QHO HSLLG UHGL LD[FNH H[QCN [W GC[SNH
MQGD RHOG ]HUQQNH
]LDG ZFDO HLTNS ON LFZGO G]LG H]SHHNH HFZG ZOJQ PFC RLC [IULOC [ ]UFO PL[DFG [HCDH
PG LSWQ PLQOH ]HOHU LN[YO P[NQO L JDIQO PLLHC[G PL[DF P]HC COC OONG RQ CYHL COO
PSLC PGL]H[HU KHW ]LDG ZFDO PTLW]G PFCG RHLN MC JDIQ ]HFZD PGLOCQ PLFHZQ
RLC PCSZ PFCG MNOG P[NQ FZGG PFHZ FHU P]OLJ]Q FZG RHQQ PG L[G PLSGNO PLZOJS
LN PLSGNO R]LS HSLC H[NQS ]HOHUG O [HUG KHW [IULOC [O RNO [HUD ]LSHQQ ]HNI PH HO
ENZ
]UF VTHL
CO JDIQO LHC[G ON G[HCNOH HFZG ZOJQ PFC UHGL [O HOLWC H[QCH CHG ]LDG ZFD RHQQ
HLOU GOJ JDIQO LHC[G ZOJ HSLCH ]HLG [HUG RLSUO GFHQ NLWUC ]LDG ZFDO GOLJ]Q OON FZHG
ZGUQ OG PDQ[G OU OICG RDCH GSQG ]DN[QD GI RLUNH G[HC R[ZD [HYLZD NNH GFH] JDI ]LDG ZFD ]HFZ
]QC ]WD UUH P
G[HU [IULOC [O PE COG ]LDG ZFDO H]QGD [HU ]C H[LWD PFC LFZL PC L[G GI H[LWO FUT CLDGO L G[HCNO
LD[FNH H[QC GI HGQ RN PCH [IULOC [O PE PHZQ GO L LCFH FZGO K[W GFHGL [ ][F L[G PLSGNO R]SL CO
RLFG CHG RN UHGL LD[O H O L W C RSLUQC C]HD[F [LW L]C PDQ[GO MC "CZHF UHGL
b [HU [QHO FHQO] RLSQ PLFDUH PLS PL[E ]OHU
]UFO UQQ HI CT[LE LWO GDL[ GOUG
][H]O FDC[G H[LWD QNH GFHGL [D LTHL [N COFH PLSGNO R]LS G[HU ]Q [E ]OHU C]LL[DF CS]
RLC FZG ]OHUO K[W LC ]OU
b Q KULQ GFHGL LD[O RLFG CHG RN G[HCNOH JDIG ]N[D [WTDH PLSGN
PLFZG ][H]D P ZOHJ COO ]HKLWD RN ZTWH ]HNOG LKHZLO [WTD D]N RNH ]Q [EO KHULQ HO
]H[LCQ PLSW [WTD KZS RNH
PHNU T[E CNG ]HSD[ZG GUQ PDQ[G L[DFQ GC[S RNH PL[E T[E CO UQQ L[Q POHCH
]Q [EG RLC H]KLOH GFHGL [N ZTW LWO PHNU PHZQD [E PDQ[G RHOD GLEG D]N R]S ZJDH PL[E PHZQD
OSNH KUHQQ
RLFG OU ZOHJ HSLYQ CO PN ]Q [E RLF OU ZOHJ HSLC FZGO K[W LC [HF PEG GFHGL [ GC[S G[HCNO
C
R[HU RLC GOHTW GOHUD RGH FZG ]OHUD RG ZTW PDQ[G RNH PLSGNO G[HU RLC LCO G]OU CO GOHU GSQD
GSLC LCFH ]Q [E ]OHUD PUKG CHGH RLFG CHGH PGLS HCHDLH LC ]OU F KHULQD PLOONS PGLS GC[SH PLSGNO
[E ]OHU RN ON PLSGNO G[HU PHNU ]OHU D]N PDQ[G GFH] JDIDH JDIG ]N[DD NQ L]SDG COH@ LC ]OHU
>PLOUD HO RLC GI COG CHG RN ON LCQ
[E [CQ GOHU DFS DH] [ED PL[E [WO L []HL FL[G LZTWD GNH HSO PL[WTD C]LL[DG ]T[LE LWO VC LOHCH
]QC ]WD [DFD FFLY RNH GFHGL [D LTHL [ O HSLF OU ZOHJ LQ H[LWD HSLYQ CO GIQ CYHLG PL[HL COO ]Q
PLSGNO R]LS HSLC G[HU ]Q [E ]OHU ZOHJ LQ RLC PLFZ RCYD UUH CNG ZGUQ QTNG L[DF MH]Q GC[S RNH
NNH RLN[UD GCOWG [WTDH P TH]DH G RLN[UD UYH LC OOND PSLC UQQ PHNU ]OHU ]HD[O CT[EG LWO
D
LHDL[D M[HY COO PLSGNO PLS]LS PGL]H[HUH LC OOND PHNU OL HSLSWO CT[EG LWO ODC CGL GF JW ZDD TH]G
P ZD TH]U CHG LC OOND LWUC FDUH@ HN GKHT ]UF VTHLD CDHQD UUH ]H[LCQ PLSW [WTD D]N HQNH
> LC OOND GSLC GCO HZLG PHQ H]HD[O HSN[YHG
FZGG RLSZ KW]Q H]HQD FLQ PL[QHC RLCH PLSGNO [HUG GLG RN COHO UQQ ]Q [E ]OHUO KHULQ ML[Y MNQ
E
GO CJ TLESUD [I[EG LHFJD GI RLSUD U [HUD FZGG GNI [DN COLQQH GOHN GQGDG OU
HSLC GI OHTW LW OU VC GWL[G ]LDO CYL COC GLC[ HSLC[ CO RLC PL[QHC PLQNJH DU
GWL[ RHUK RLSUO PHZQ ONQ FW OLUO U F[L CO GOU PC RLSUO FHZD HOHTW N [FEHQ
GWL[ RHUK FZQD U[LC HOHTW [DF ON CHG [FEG GI RLSUO RLFZHQG LOHTW [CN CHG L[G
RCN KHL TH]DH UU CFS EJ [IULJC ]H LWU
[QHON GZL[I PFHZ KWG RLC LD[ GFHQH CLG LD[ LQS CL[ CLG LD[ CWLTFQ LLDC [QC
KWGG [JC U[C PCH PLSGNO RGL]H[HU RLC IC LN [HUG KWG PFHZ U[LC OHTWG PC LHO] [ZLUG
FNZ
FZ VF t PLJDI
"CWLT LS]ZFN KWGD LHO] ONG COG HSFQOO CL[G GCD GQ [HCD ML[Y RN PC MC PLSGNO [HUG
GZL[IG PFHZ GI GLG PC PFD OHTWG U[LC [CN GZL[IG ]UD PE [DFG LHO] [QHO LH
RHUQ [D [IUOC [H LD[ ]ZHOJQH CL C]WTH]D [CHDQNH PLSGNO R]LS HSLCH [HUG ]C [L]G CO PFG
]H[LCQ PLSWD VTHS [DTG UH ]QC ]W LWU [DD U[LC OHTWD CLG
KWHG DYQ OU [DLF L]LC[ CO LQLQ [QC CSLSJ [ POHCH PFG OTWSN GWL[G ]LDO CYHL [HU HSCYQ GI LWOH
LWU P ROGO C[QEG L[DFD OHON GI ONH G[N GZL[I [JCO COC [HUG KLWGO RLC L[GH FZ ROGO [CHDQN HSLFN
FDL PL[HCDH PLHFJ
FZ VF
GLG [[DHG COGH GY[Q UHFQ [[D]G CO [DFG PUK GY[Q PLLUQ LSDD GWL[K ]CYQS [DTZ
GI RLFO LGON G[F PGO G]LG LOHCH GWL[K
RNH H[TC CO PLQNJ GI RWHCDH RSD[FQ COC PL[HTC PSLC H]Q PLFZN RG L[G [QHO PHZQ GLGH
RNH CHG [HQE LHYL[ UQQ GY[Q RHO MC HKN ZDD FFLY GQD UUH EN ]H[HND CHIJD [WO D]N
FDL PLJDI PL[HCDH PLHFJ LWU RHLU ML[YH TH]H L[ RHOQ [CHDQ
DYH RLFG ]HOJ ]Q[HE GULFLG PL[HTLC ]HDH[U] RLF PU GI RLF GHGH JLNHG O] CJ CD[G ]HD UH
G[HDZD [D PLQNJ L[DFN C]NOGH CDLZU [N GNOG RSJHL [ [QC CDC [D CLLJ [ [QC
COFH GWL[G ]LDO CYL PLQ]O GSHHNG PLQNJN GNOG HZLTG GI PL[WQ L GWL[D [HUGH
]H[HND PDQ[G HZTW RNH CDLZU LD[ OU PLQNJ HZOJS CO PHQ OUDD ODC PLSGNG RET CSLSJ [N
HD H]HCLL H[HU ODC [DZLL [DG GWL[K CYQS PHQ OUD [HND CL[ RLU EQTGH QTNDH LE
PLSGNG
FZQDH PLQ]D Z[H@ [DZLL [HUG POHUO PHQ OUDD PE HZOJS PLQNJ PLSHC[ GQN ]UF POHCH
C[GH FL WF P[GQ ]HDH FZ] ]H[HND CJ IHCD CDHQ L[G ]UF RN >RLOHDED CO GWL[ HNL[YG
DI FHL MH[U RJOHD ZTW RNH DINZ ]HFJDH JZ OL[GQ ]HD U FHUH DG ]H[HND
GWL[ RHUK UHFQH CHG RLOHJ [HUG L[G LCQ CQUK CSUFL CO GWL[D [HUGH L[ D]N
G[HDZD PGO LF RLC HLQHFH [LIS [U RLSUO ZD GF FO G[HQ]D L[ D]N GQ LW OU PL[WQ LH
[QHO LH GWL[ PLSHUK MNOG PGL[JC HKKJL CQ PLHJ GDH[Q RQI FU PLON]Q PSLC RHLN
DT IUD UUH P L PL[DF RH[TJ COC FL[G LZTWD NNH DZUL ]HOGZ ]HSHLOED CDHQ [HUO RLFG CHG
DO ]H[HND TH]UH HI GT[EN ZL]UG ]H[HND OG EGD RNH
HS]SQ GI LWO HQ G[LDH ]LDG [GD L PHZQ RSJHL LD[ [QC GSJ [D [D GD[ [QC DU
[CN PLHTQ RWHCD Z[ G[DLF G[LDG ]LDD RLW[S R]HYQN RLW[S RSLC PCH GKZS
PLW[S GZL[I PFHZ HOTWS ODC LHO LS]O R]CLYL [JCO Z[ HC RQJS D[O PFG ]ZL[I [JC HOTWS
LH >PLSWHCG ON GSQG GOON G[LD LH[Z ONG LZO L[O HOLCH@ MHQTD H[QC HQN G[IUD
G[HC R[ZD [LUG RN GL[DF ]C GSQG GQ]T UHFQ ZFZFO
GNZ