5WDNKOG

FWTCPVG VQFC NC 'FCF /GFKC KFGPVKិE¢PFQUG GP GN 8KTIK

NKQ UWRGTKQT FG NC &OFJEB &KEG .QPIKPQ SWG NQ UWDNKOG
WUCFQ GP GN OQOGPVQ QRQTVWPQ RWNXGTK\C EQOQ GN TC[Q
VQFCU NCU EQUCU [ OWGUVTC GP WP CDTKT [ EGTTCT FG QLQU [
GP UW VQVCNKFCF NQU RQFGTGU FGN QTCFQT   SWG GU ITCP
FG TGCNOGPVG U´NQ ནCSWGNNQ SWG RTQRQTEKQPC OCVGTKCN RC
TC PWGXCU TGីGZKQPGUཔ [ JCEG FKH®EKN O¢U C»P KORQUKDNG
VQFC QRQUKEK´P [ ནUW TGEWGTFQ GU FWTCFGTQ G KPFGNGDNGཔ
  ན0CFC JC[ VCP UWDNKOG EQOQ WPC RCUK´P PQDNG GP
GN OQOGPVQ QRQTVWPQ SWG TGURKTC GPVWUKCUOQ EQOQ EQP
UGEWGPEKC FG WPC NQEWTC [ WPC KPURKTCEK´P GURGEKCNGU [ SWG
EQPXKGTVG C NCU RCNCDTCU GP CNIQ FKXKPQཔ   5KIWKGP
FQ NC VTCFKEKQPCN QRQUKEK´P TGV´TKEC XKTVWFXKEKQ GZRNKEC
.QPIKPQ E´OQ ནNQ UWDNKOG TGUKFG GP NC GNGXCEK´P NC CO
RNKិECEK´P GP NC CDWPFCPEKCཔ  GF GUR )CTE®C .´
RG\ 
'P UGPVKFQ VªEPKEQ ནUWDNKOGཔ GU WPC ECNKិECEK´P SWG NC
4GV´TKEC CPVKIWC GUVCDNGEK´ GP GN OCTEQ FG UW ན6GQT®C FG
NQU 'UVKNQUཔ EQOQ FGUKIPCEK´P FGN O¢U GNGXCFQ Q ITCPFG
FG ªUVQU 'N EQPEGRVQ NQPIKPKCPQ FG ནITCPFG\Cཔ FG TC®\
PGQRNCV´PKEC VKGPG UW ITCP RTGEGFGPVG FG UGPVKFQ O¢U GU
VªVKEQ SWG TGV´TKEQ GP GN FK¢NQIQ 'FESP FG 2NCV´P FQP
FG UG EQPEGRV»C NC ནGNGXCEK´Pཔ TGNCVKXC C NC ནOCP®Cཔ [ CN
'N ECOKPCPVG UQDTG GN OCT FG PWDGU  EF $BTQBS %BWJE EQPLWPVQ FG NC ICOC RNCV´PKEC FG NC KPURKTCEK´P 'UVC VTC
'SJFESJDI SFQSFTFOUBDJ³O QSPUPU­QJDB EF MP TVCMJNF FKEK´P EQPFWEG GP VªTOKPQU TGV´TKEQU RGTQ CUKOKUOQ FG
RTQ[GEEK´P GUVªVKEC C 5CP #IWUV®P FQPFG UG ETKUVKCPK\C
.Q GU WPC ECVGIQT®C GUVªVKEC FGTKXCFC RTKP .Q UWDNKOG [C CUQEKCFQ VCODKªP RQT .QPIKPQ CN ནUKNGP
EKRCNOGPVG FG NC EªNGDTG QDTC ͎ͮ͢ࡁ ࠤ͵ͬͲͯ ན5QDTG EKQཔ GP UGPVKFQ GNQEWVKXQ CFSWKGTG OGFKCPVG GUVG »NVKOQ
NQ UWDNKOGཔ FGN ET®VKEQ Q TGV´TKEQ ITKGIQ .QPIKPQ Q VªTOKPQ WP FGUCTTQNNQ GURGE®ិECOGPVG EQPVGORNCVKXQ [
2UGWFQ.QPIKPQ  [ SWG EQPUKUVG HWPFCOGPVCNOGPVG GP VTCPUEGPFGPVCN GP GN TªIKOGP FG NC O®UVKEC GWTQRGC [ GU
WPC ནITCPFG\Cཔ Q RQT CU® FGEKT DGNNG\C GZVTGOC ECRC\ RGEKCNOGPVG GURC²QNC ,WCP FG NC %TW\ 6GTGUC FG ,GU»U
FG NNGXCT CN GURGEVCFQT C WP ªZVCUKU O¢U CNN¢ FG UW TCEKQ (TCPEKUEQ FG 1UWPC  ŠUVC GU NC DCUG FGN OQFGTPQ FGUC
PCNKFCF Q KPENWUQ FG RTQXQECT FQNQT RQT UGT KORQUKDNG FG TTQNNQ MCPVKCPQ HWPFCFQ GP NC ནKPិPKVWFཔ [ NC ནUWURGP
CUKOKNCT 'N EQPEGRVQ FG NQ ནUWDNKOGཔ HWG TGFGUEWDKGTVQ UK´Pཔ
FWTCPVG GN 4GPCEKOKGPVQ [ IQ\´ FG ITCP RQRWNCTKFCF FW
TCPVG GN $CTTQEQ FWTCPVG GN UKINQ :8+++ CNGO¢P G KPINªU [
UQDTG VQFQ FWTCPVG GN RTKOGT 4QOCPVKEKUOQ

'N VTCVCFQ FG .QPIKPQ UQDTG NQ UWDNKOG [ GN EQPEGRVQ OKU

5GI»P GN EQPEGRVQ QTKIKPCN FG .QPIKPQ NQ UWDNKOG SWG OQ RGTOCPGEKGTQP GUECUCOGPVG KFGPVKិECFQU FWTCPVG NC
UG TGUWOG GP NC EQORQUKEK´P FKIPC [ GNGXCFC UG HWPFC 'FCF /GFKC 5W ITCP PQVQTKGFCF G KPីWGPEKC UG CNECP\C
GP EKPEQ ECWUCU Q HWGPVGU VCPVQ KPPCVCU EQOQ FG VªEPKEC GP GN UKINQ :8+ FGURWªU FG SWG (TCPEGUEQ 4QDQTVGNNQ RW
RGTVGPGEKGPVG UQDTG VQFQ C NCU ិIWTCU FG FKEEK´P [ OGVC DNKECUG WPC GFKEK´P FG NC QDTC EN¢UKEC GP $CUKNGC GP 
H´TKECU FGN NGPIWCLG .Q UWDNKOG GU WPC GNGXCEK´P [ GZEG [ 0KEEQN³ FC (CNICPQ QVTC GP  # RCTVKT FG GUVCU GFK
NGPEKC GP GN NGPIWCLG FG SWG UG UKTXKGTQP RTQUKUVCU [ RQG EKQPGU QTKIKPCNGU NCU VTCFWEEKQPGU GP NGPIWCU XGTP¢EWNCU
VCU SWG JCP CNECP\CFQ NC KPOQTVCNKFCF   5G VTCVC FG RTQNKHGTCTQP
WPC ནITCPFG\Cཔ FG GUVKNQ EW[C FQEVTKPC D¢UKEC RGTXKXKT®C &WTCPVG GN UKINQ :8++ NQU EQPEGRVQU FG .QPIKPQ UQDTG NC


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DGNNG\C IQ\CTQP FG ITCP GUVKOC [ HWGTQP CRNKECFQU CN CT PG UIF 4VCMJNF BOE #FBVUJGVM ན7PC KPXGUVKICEK´P ិNQU´
VG DCTTQEQ .C QDTC HWG QDLGVQ FG FGEGPCU FG GFKEKQPGU ិEC UQDTG GN QTKIGP FG PWGUVTCU KFGCU FG NQ UWDNKOG [ NQ
FWTCPVG GUG UKINQ .C O¢U KPីW[GPVG FG GNNCU UG FGDK´ C DGNNQཔ   .C KORQTVCPEKC FG NC QDTC FG $WTMG TCFKEC
0KEQNCU $QKNGCW&GURTªCWZ 5SBUBEP EF MP TVCMJNF P EF GP SWG HWG GN RTKOGT ិN´UQHQ GP CTI½KT SWG NQ UWDNKOG [
MBT NBSBWJMMBT FO MB PSBUPSJB   SWG UKVW´ PWGXCOGP NQ DGNNQ UQP ECVGIQT®CU SWG UG GZENW[GP OWVWCOGPVG FGN
VG CN VTCVCFQ [ CN EQPEGRVQ GP GN EGPVTQ FGN FGDCVG ET®VKEQ OKUOQ OQFQ GP SWG NQ JCEGP NC NW\ [ NC QUEWTKFCF .C
FG NC ªRQEC .C FKHWPFKFC XGTUK´P FG $QKNGCW PQ GU VªE DGNNG\C RWGFG UGT CEGPVWCFC RQT NC NW\ RGTQ VCPVQ WPC NW\
PKECOGPVG TGNGXCPVG PK FG GURGEKCN EQORTGPUK´P FGN EQP FGOCUKCFQ KPVGPUC EQOQ NC VQVCN CWUGPEKC FG NW\ UQP UW
EGRVQ UK DKGP EQPVTKDW[G C FKHWPFKT WP EQPEGRVQ TGV´TKEQ DNKOGU GP GN UGPVKFQ FG SWG RWGFGP PWDNCT NC XKUK´P FGN
SWG ནGNGXC TCRVC VTCPURQTVCཔ [ UG FKTKIG CN UGPVKOKGPVQ QDLGVQ .C KOCIKPCEK´P UG XG CU® CTTCUVTCFC C WP GUVCFQ FG
O¢U SWG C NC TC\´P &WTCPVG GUVG RGTKQFQ VQFCX®C JCD®C JQTTQT JCEKC NQ ནQUEWTQ KPEKGTVQ [ EQPHWUQཔ 'UVG JQTTQT
SWKGP EQPUKFGTCDC %F MP TVCMJNF WPC QDTC FGOCUKCFQ RTK UKP GODCTIQ VCODKªP KORNKEC WP RNCEGT GUVªVKEQ QDVGPK
OKVKXC EQOQ RCTC UGT CEGRVCDNG RQT GN EKXKNK\CFQ JQODTG FQ FG NC EQPEKGPEKC FG SWG GUC RGTEGREK´P GU WPC ិEEK´P
OQFGTPQ $WTMG FGUETKDK´ NQ UWDNKOG EQOQ WP VGOQT EQPVTQNCFQ
SWG CVTCG CN CNOC RTGUGPVG GP EWCNKFCFGU EQOQ NC KPOGP
UKFCF GN KPិPKVQ GN XCE®Q NC UQNGFCF GN UKNGPEKQ GVE %CNK
ិE´ NC DGNNG\C EQOQ ནCOQT UKP FGUGQཔ [ NQ UWDNKOG EQOQ
ནCUQODTQ UKP RGNKITQཔ #U® ETG´ WPC GUVªVKEC ិUKQN´IKEC
.C TGEWRGTCEK´P OQFGTPC FGN EQPEGRVQ FG NQ UWDNKOG [C SWG RCTC $WTMG NC DGNNG\C RTQXQEC COQT [ NQ UWDNKOG
UG RTQFWLQ PQVCDNGOGPVG GP GN 4GKPQ 7PKFQ GP GN UKINQ VGOQT SWG RWGFGP UGPVKTUG EQOQ TGCNGU +PVTQFWLQ KIWCN
:8+++ FGPVTQ FG NC ិNQUQH®C GORKTKUVC ;C #PVJQP[ #UJ OGPVG NC ECVGIQT®C FG NQ ནRCVªVKEQཔ GOQEK´P KIWCNCDNG CN
NG[ %QQRGT GT EQPFG FG 5JCHVGUDWT[ [ ,QJP &GPPKU RNCEGT EQOQ UGPVKOKGPVQ SWG RTQXKGPG FG GZRGTKGPEKCU
VTCU WP XKCLG RQT NQU #NRGU GZRTGUCTQP UW CFOKTCEK´P RQT EQOQ NC QUEWTKFCF GN KPិPKVQ NC VQTOGPVC GN VGTTQT GVE
NCU HQTOCU UQDTGEQIGFQTCU G KTTGIWNCTGU FG NC PCVWTCNG\C 'UVQU UGPVKOKGPVQU RTQFWEGP WPC ནRWTICEK´Pཔ TGEQIKGP
GZVGTKQT CRTGEKCEKQPGU GUVªVKECU SWG ,QUGRJ #FFKUQP UKP FQ FG PWGXQ NC VGQT®C FG NC ནECVCTUKUཔ FG #TKUV´VGNGU=?
VGVK\´ GP UW TGXKUVC 5IF 4QFDUBUPS  GP WPC UGTKG FG
CTV®EWNQU VKVWNCFQU 1MFBTVSFT PG UIF *NBHJOBUJPO
'P -PT QMBDFSFT EF MB JNBHJOBDJ³O #FFKUQP KPVTQFWLQ
GN IWUVQ RQT EQUCU SWG GUVKOWNCP NC KOCIKPCEK´P FKUVKP
IWKGPFQ VTGU EWCNKFCFGU GUVªVKECU RTKPEKRCNGU ITCPFG\C
UWDNKOKFCF  UKPIWNCTKFCF PQXGFCF [ DGNNG\C 6CODKªP
ETG´ WPC PWGXC ECVGIQT®C NQ ནRKPVQTGUEQཔ CSWGN GUV®OW
NQ XKUWCN SWG CRQTVC WPC UGPUCEK´P VCN FG RGTHGEEK´P SWG
RGPUCOQU SWG FGDGT®C UGT KPOQTVCNK\CFQ GP WP EWCFTQ
#FFKUQP TGNCEKQP´ NC DGNNG\C EQP NC RCUK´P FGUNKI¢PFQNC
FG NC TC\´P NC DGNNG\C PQU CHGEVC FG HQTOC KPOGFKCVC G
KPUVCPV¢PGC EQOQ WP IQNRG CEVWCPFQ FG HQTOC O¢U T¢RK
FC SWG NC TC\´P RQT NQ SWG GU O¢U RQFGTQUC #N TGVQOCT
GN EQPEGRVQ FG NQ UWDNKOG GUDQ\CFQ RQT .QPIKPQ NQ GNGX´
FG ECVGIQT®C TGV´TKEC C IGPGTCN VTCUNCF¢PFQNQ FGN NGPIWCLG
C NC KOCIGP=?

ན.QU QLQU VKGPGP ECORQ RCTC GURCEKCTUG GP

NC KPOGPUKFCF FG NCU XKUVCU [ RCTC RGTFGTUG GP
NC XCTKGFCF FG QDLGVQU SWG UG RTGUGPVCP RQT
U® OKUOQU C UWU QDUGTXCEKQPGU 6CP GZVGPUCU
G KNKOKVCFCU XKUVCU UQP VCP CITCFCDNGU C NC
KOCIKPCEK´P EQOQ NQ UQP CN GPVGPFKOKGPVQ NCU
GURGEWNCEKQPGU FG NC GVGTPKFCF [ FGN KPិPKVQཔ
,QUGRJ #FFKUQP -PT QMBDFSFT EF MB JNBHJOB
DJ³O  =?

'UVC QDTC FG #FFKUQP GP NC SWG GN EQPEGRVQ FG ITCPFG *NNBOVFM ,BOU

\C UG WPG CN FG UWDNKOKFCF LWPVQ EQP NC QDTC FG 'FYCTF
;QWPI /JHIU 5IPVHIUT   UWGNGP EQPUKFGTCTUG EQOQ +OOCPWGN -CPV RWDNKE´ GP  GN DTGXG #FPCBDI
NQU RWPVQU FG RCTVKFC FG 'FOWPF $WTMG C NC JQTC FG GUETK UVOHFO ¼CFS EBT (FG¼IM EFT 4DI¶OFO VOE &SIBCFOFO
DKT UW " 1IJMPTPQIJDBM *ORVJSZ JOUP UIF 0SJHJO PG 0VS *EFBT 1DUGTXCEKQPGU UQDTG GN UGPVKOKGPVQ FG NQ DGNNQ [ NQ UW
 

DNKOG  U´NQ XGTFCFGTCOGPVG FGUCTTQNNCFQ O¢U VCTFG GP IWUVC KPOGFKCVCOGPVG RGTQ RQT NC TGUKUVGPEKC SWG QRQPG
UW $S­UJDB EFM +VJDJP   -CPV KPXGUVKI´ GN EQPEGRVQ FG CN KPVGTªU FG NQU UGPVKFQU WPC O»UKEC OW[ CNVC WP UC
NQ UWDNKOG FGិPKªPFQNQ EQOQ ནNQ SWG GU CDUQNWVCOGPVG DQT OW[ HWGTVG WP QNQT OW[ KPVGPUQ -CPV FKUVKPIWK´ WP
ITCPFGཔ Q U´NQ EQORCTCDNG C U® OKUOQ NQ EWCN XGPFT®C UWDNKOG ནOCVGO¢VKEQཔ FGN KPVGNGEVQ [ QVTQ ནFKP¢OKEQཔ
C UQDTGRCUCT CN EQPVGORNCFQT ECWU¢PFQNG WPC UGPUCEK´P FG NQU UGPVKFQU Q FGN RQFGT GN OCVGO¢VKEQ UG QRQPG C NC
FG FKURNCEGT [ RWGFG FCTUG »PKECOGPVG GP NC PCVWTCNG\C EQORTGPUK´P OKGPVTCU SWG GN FKP¢OKEQ RWGFG COGPC\CT
CPVG NC EQPVGORNCEK´P CEQPIQLCPVG FG CNIQ EW[C OGUWTC PWGUVTC KPVGITKFCF H®UKEC RQT GLGORNQ WPC VQTOGPVC FG
UQDTGRCUC PWGUVTCU ECRCEKFCFGU 'N UWDNKOG MCPVKCPQ GU OCT =?
GP GN UWLGVQ UK DKGP JC FG OCPVGPGT EQPEQTFCPEKC EQP NC
PCVWTCNG\C

ན'N UGPVKOKGPVQ FG NQ UWDNKOG GU RWGU WP

UGPVKOKGPVQ FG FKURNCEGT FGDKFQ C NC KPCFGEWC
EK´P FG NC KOCIKPCEK´P GP NC GUVKOCEK´P GUVªVK
EC FG OCIPKVWFGU TGURGEVQ C NC GUVKOCEK´P RQT
NC TC\´P [ C NC XG\ WP RNCEGT FGURGTVCFQ EQP
VCN QECUK´P RTGEKUCOGPVG RQT NC EQPEQTFCPEKC
FG GUVG LWKEKQ UQDTG NC KPCFGEWCEK´P FG NC O¢U
ITCPFG RQVGPEKC UGPUKDNG EQP KFGCU FG NC TC\´P
GP NC OGFKFC GP SWG GN GUHWGT\Q FKTKIKFQ JCEKC
ªUVCU GU GORGTQ NG[ RCTC PQUQVTQUཔ

#U® NQ DGNNQ GU WPC VTCPSWKNC EQPVGORNCEK´P WP CEVQ TG

RQUCFQ OKGPVTCU SWG NC GZRGTKGPEKC FG NQ UWDNKOG CIKVC [
OWGXG GN GUR®TKVW ECWUC VGOQT RWGU UWU GZRGTKGPEKCU PC
EGP FG CSWGNNQ SWG GU VGOKDNG [ UG EQPXKGTVG GP UWDNKOG
C RCTVKT FG NC KPCFGEWCEK´P FG PWGUVTCU KFGCU EQP PWGUVTC
GZRGTKGPEKC &G VCN OCPGTC RCTC UGPVKT NQ UWDNKOG C FKHG
TGPEKC FG RCTC UGPVKT NQ DGNNQ GU OGPGUVGT NC GZKUVGPEKC FG
WPC EKGTVC EWNVWTC GN JQODTG TWFQ FKEG -CPV XG CVGOQ
TK\CPVG NQ SWG RCTC GN EWNVQ GU UWDNKOG 'N RQFGT®Q FG GUVC
GZRGTKGPEKC GUVªVKEC KPXQEC PWGUVTC HWGT\C [ NC PCVWTCNG\C
GU UWDNKOG RQTSWG GNGXC NC KOCIKPCEK´P C NC RTGUGPVCEK´P
FG NQU ECUQU GP SWG GN ¢PKOQ RWGFG JCEGT RCTC U® OKUOQ
UGPUKDNG NC RTQRKC UWDNKOKFCF FG UW FGUVKPCEK´P C»P RQT
UQDTG NC PCVWTCNG\C &G VCN OQFQ -CPV KPVGTRTGV´ NC PCVW
TCNG\C EQOQ HWGT\C [ GP GNNC GUV¢ NQ UWDNKOG

ན4QECU CWFC\OGPVG EQNICFCU [ RQT FGEKTNQ

CU® COGPC\CFQTCU PWDGU FG VQTOGPVC SWG UG
COQPVQPCP GP GN EKGNQ [ UG CFGNCPVCP EQP TC[QU
[ EQP VTWGPQU XQNECPGU GP VQFQ UW RQFGT FGXCU
VCFQT JWTCECPGU SWG XCP FGLCPFQ VTCU FG UK FG
UQNCEK´P GN QEªCPQ UKP N®OKVGU TWIKGPFQ FG KTC
WPC ECUECFC RTQHWPFC GP WP T®Q RQFGTQUQ GVE
TGFWEGP PWGUVTC HCEWNVCF FG TGUKUVKT C WPC KPUKI
'N RWGPVG FGN &GOQPKQ GP 5EJ·NNGPGP  EF $BTQBS 8PMG
PKិECPVG RGSWG²G\ EQORCTCFC EQP UW HWGT\C
 NNCOCOQU IWUVQUQU UWDNKOGU C GUQU QDLG
VQU RQTSWG GNGXCP NCU HCEWNVCFGU FGN CNOC RQT &G JGEJQ [ GP UGPVKFQ GUVTKEVQ NC HQTOCEK´P FG NC VGQT®C
GPEKOC FG UW VªTOKPQ OGFKQ QTFKPCTKQཔ FG NQ UWDNKOG GU GUGPEKCNOGPVG CPVGTKQT CN 4QOCPVKEKU
OQ 'N EQPEGRVQ UG KPEQTRQT´ C NC EWNVWTC CTV®UVKEC RTGTTQ
2CTC -CPV NQ UWDNKOG GU NC KNKOKVCEK´P FG OCIPKVWF Q FG O¢PVKEC [ TQO¢PVKEC FGUFG UWU QT®IGPGU VCPVQ GP 4GKPQ
HWGT\C CU® EQOQ NC DGNNG\C GU HQTOC NQ ិPKVQ [ NKOKVC 7PKFQ EQOQ GP #NGOCPKC .C EQPEGREK´P RCPVG®UVC FG CN
FQ NQ UWDNKOG GU NQ KPHQTOG KPិPKVWF .C DGNNG\C EQO IWPQU FG NQU RTKOGTQU TQO¢PVKEQU Q NC XKUK´P CTTGDCVCFC
RQTVC IWUVQ NQ UWDNKOG CVTCEEK´P .C UWDNKOKFCF GU GP [ XKQNGPVC FG NC PCVWTCNG\C RTQRKC FGN 4UVSN VOE %SBOH
EKGTVQ OQFQ GN RWPVQ FQPFG NC DGNNG\C RKGTFG NCU HQTOCU UG EQTTGURQPFGP OW[ DKGP EQP NQU »NVKOQU GUVCFKQU FG NQ
WP UWRGTNCVKXQ FG NC DGNNG\C .Q UWDNKOG GU ནCSWGNNQ CD UWDNKOG VCN [ EQOQ NQU FGិPK´ 5EJQRGPJCWGT
UQNWVCOGPVG ITCPFGཔ CSWGNNQ PQ KOCIKPCDNG 'U NQ SWG ,QJCPP %JTKUVQRJ (TKGFTKEJ 5EJKNNGT VTCU -CPV GN O¢U KO
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RQTVCPVG RGPUCFQT FG GUVC ECVGIQT®C EQORWUQ GPVTG QVTQU • 5GPVKOKGPVQ FªDKN FG NQ UWDNKOG  7P FGUKGTVQ KPិPKVQ
GNGOGPVQU KORQTVCPVGU TGNCVKXQU CN EQPEGRVQ FQU GPUC UKP OQXKOKGPVQ RNCEGT RQT NC XKUK´P FG QDLGVQU SWG
[QU HWPFCOGPVCNGU %F MP TVCMJNF  [ 4PCSF MP TV PQ RWGFGP CNDGTICT PKPI»P VKRQ FG XKFC 
CMJNF   %CDT®C FGEKT SWG FKUVKPIWG VTGU HCUGU ནUW
DNKOG EQPVGORNCVKXQཔ GN UWLGVQ UG GPHTGPVC CN QDLGVQ SWG • 5GPVKOKGPVQ FG NQ UWDNKOG  0CVWTCNG\C VWTDWNGPVC
GU UWRGTKQT C UW ECRCEKFCF ནUWDNKOG RCVªVKEQཔ RGNKITC NC RNCEGT RQT NC RGTEGREK´P FG QDLGVQU SWG COGPC\CP
KPVGITKFCF H®UKEC [ ནUWRGTCEK´P FG NQ UWDNKOGཔ GP SWG EQP FC²CT Q FGUVTWKT CN QDUGTXCFQT 
GN JQODTG XGPEG OQTCNOGPVG RQTSWG GU UWRGTKQT KPVGNGE
• 5GPVKOKGPVQ EQORNGVQ FG NQ UWDNKOG  0CVWTCNG\C
VWCNOGPVG 5EJKNNGT SWG UG UQDTGRQPG C -CPV OGFKCPVG
VWTDWNGPVC [ CDTWOCFQTC RNCEGT RQT NC QDUGTXCEK´P
NC TGEQPិIWTCEK´P FG NC TGNCEK´P DGNNQUWDNKOG [ EQPFWEG
FG QDLGVQU OW[ XKQNGPVQU [ FGUVTWEVKXQU 
GUVG »NVKOQ C VGQT®C FG NC VTCIGFKC CORNKCOGPVG FGUCTTQ
NNCFC UG OCPVKGPG D¢UKECOGPVG MCPVKCPQ EWCPFQ RKGPUC • 5GPVKOKGPVQ O¢U EQORNGVQ FG NQ UWDNKOG  .C KP
SWG GN UGPVKOKGPVQ FG NQ UWDNKOG GU WP UGPVKOKGPVQ OKZVQ OGPUKFCF FG NC GZVGPUK´P Q FWTCEK´P FGN WPKXGTUQ
ནEQORWGUVQ RQT WP UGPVKOKGPVQ FG VTKUVG\C SWG GP UW O¢U RNCEGT RQT GN EQPQEKOKGPVQ FGN QDUGTXCFQT FG UW
CNVQ ITCFQ UG GZRTGUC C OQFQ FG GUECNQHT®Q [ RQT WP UGP RTQRKC KPUKIPKិECPEKC [ FG UW WPKFCF EQP NC PCVWTC
VKOKGPVQ FG CNGIT®C SWG RWGFG NNGICT JCUVC GN GPVWUKCUOQ NG\C 
[ UK DKGP PQ ECDG UGC GPVGPFKFQ RTGEKUCOGPVG EQOQ IQ
\Q NCU CNOCU TGិPCFCU NQ RTGិGTGP EQP OWEJQ C EWCNSWKGT
5K GN RTGTTQOCPVKEKUOQ JCD®C UKFQ VGORTCPQ GP CNIWPQU
RNCEGTཔ
RC®UGU UQDTG VQFQ GP +PINCVGTTC GN 4QOCPVKEKUOQ HWGTC
5EJKNNGT EQPFWEG NC VGQT®C FG NQ UWDNKOG EQOQ GP IGPG FG #NGOCPKC HWG GP FKUVKPVQ ITCFQ WP HGP´OGPQ FG GZ
TCN VQFQ GN P»ENGQ FG UW RGPUCOKGPVQ C WPC VGQT®C FG NC RCPUK´P O¢U VCTF®C 'P (TCPEKC GN OC[QT XCNGFQT FGN EQP
NKDGTVCF 5GI»P 5EJKNNGT [ GUVQ GU OW[ KORQTVCPVG RCTC NC EGRVQ FG NQ UWDNKOG HWG 8KEVQT *WIQ VCPVQ GP UWU RQGU®CU
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