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8,) %68 3* ;%6 &= 792 8>9

8VERWPEXIH F] 0MSRIP +MPIW


3VMKMREPP] TYFPMWLIH

8LMW ZIVWMSR [EW KIRIVEXIH EYXSQEXMGEPP] EX


[[[ WYRX^YWEMH GSQ
8EFPI SJ 'SRXIRXW
',%48)6 0%=-2+ 40%27
',%48)6 ;%+-2+ ;%6
',%48)6 %88%'/ &= 786%8%+)1
',%48)6 8%'8-'%0 (-7437-8-327
',%48)6 )2)6+=
',%48)6 ;)%/ 43-287 %2( 78632+
',%48)6 1%2)9:)6-2+
',%48)6 :%6-%8-32 -2 8%'8-'7
',%48)6 8,) %61= 32 8,) 1%6',
',%48)6 8)66%-2
',%48)6 8,) 2-2) 7-89%8-327
',%48)6 8,) %88%'/ &= *-6)
',%48)6 8,) 97) 3* 74-)7

[[[ WYRX^YWEMH GSQ


',%48)6 0%=-2+ 40%27

7YR 8^Y WEMH 8LI EVX SJ [EV MW SJ ZMXEP MQTSVXERGI XS XLI


7XEXI

-X MW E QEXXIV SJ PMJI ERH HIEXL E VSEH IMXLIV XS WEJIX] SV XS


VYMR ,IRGI MX MW E WYFNIGX SJ MRUYMV] [LMGL GER SR RS EGGSYRX FI
RIKPIGXIH

8LI EVX SJ [EV XLIR MW KSZIVRIH F] JMZI GSRWXERX JEGXSVW XS FI


XEOIR MRXS EGGSYRX MR SRI W HIPMFIVEXMSRW [LIR WIIOMRK XS
HIXIVQMRI XLI GSRHMXMSRW SFXEMRMRK MR XLI JMIPH

8LIWI EVI 8LI 1SVEP 0E[ ,IEZIR )EVXL 8LI


'SQQERHIV 1IXLSH ERH HMWGMTPMRI

8LI 136%0 0%; GEYWIW XLI TISTPI XS FI MR GSQTPIXI EGGSVH


[MXL XLIMV VYPIV WS XLEX XLI] [MPP JSPPS[ LMQ VIKEVHPIWW SJ XLIMV
PMZIW YRHMWQE]IH F] ER] HERKIV

,)%:)2 WMKRMJMIW RMKLX ERH HE] GSPH ERH LIEX XMQIW ERH
WIEWSRW

)%68, GSQTVMWIW HMWXERGIW KVIEX ERH WQEPP HERKIV ERH


WIGYVMX] STIR KVSYRH ERH REVVS[ TEWWIW XLI GLERGIW SJ PMJI ERH
HIEXL

8LI '311%2()6 WXERHW JSV XLI ZMVXYIW SJ [MWHSQ WMRGIVMX]


FIRIZSPIRGI GSYVEKI ERH WXVMGXRIWW

&] 1)8,3( %2( (-7'-40-2) EVI XS FI YRHIVWXSSH XLI


QEVWLEPMRK SJ XLI EVQ] MR MXW TVSTIV WYFHMZMWMSRW XLI KVEHYEXMSRW
SJ VERO EQSRK XLI SJJMGIVW XLI QEMRXIRERGI SJ VSEHW F] [LMGL
WYTTPMIW QE] VIEGL XLI EVQ] ERH XLI GSRXVSP SJ QMPMXEV]
I\TIRHMXYVI

[[[ WYRX^YWEMH GSQ


8LIWI JMZI LIEHW WLSYPH FI JEQMPMEV XS IZIV] KIRIVEP LI [LS
ORS[W XLIQ [MPP FI ZMGXSVMSYW LI [LS ORS[W XLIQ RSX [MPP JEMP

8LIVIJSVI MR ]SYV HIPMFIVEXMSRW [LIR WIIOMRK XS HIXIVQMRI


XLI QMPMXEV] GSRHMXMSRW PIX XLIQ FI QEHI XLI FEWMW SJ E
GSQTEVMWSR MR XLMW [MWI

;LMGL SJ XLI X[S WSZIVIMKRW MW MQFYIH [MXL XLI 1SVEP


PE[# ;LMGL SJ XLI X[S KIRIVEPW LEW QSWX EFMPMX]# ;MXL
[LSQ PMI XLI EHZERXEKIW HIVMZIH JVSQ ,IEZIR ERH )EVXL# 3R
[LMGL WMHI MW HMWGMTPMRI QSWX VMKSVSYWP] IRJSVGIH# ;LMGL EVQ]
MW WXVSRKIV# 3R [LMGL WMHI EVI SJJMGIVW ERH QIR QSVI LMKLP]
XVEMRIH# -R [LMGL EVQ] MW XLIVI XLI KVIEXIV GSRWXERG] FSXL MR
VI[EVH ERH TYRMWLQIRX#

&] QIERW SJ XLIWI WIZIR GSRWMHIVEXMSRW - GER JSVIGEWX ZMGXSV]


SV HIJIEX

8LI KIRIVEP XLEX LIEVOIRW XS Q] GSYRWIP ERH EGXW YTSR MX


[MPP GSRUYIV PIX WYGL E SRI FI VIXEMRIH MR GSQQERH 8LI KIRIVEP
XLEX LIEVOIRW RSX XS Q] GSYRWIP RSV EGXW YTSR MX [MPP WYJJIV
HIJIEX PIX WYGL E SRI FI HMWQMWWIH

;LMPI LIIHMRK XLI TVSJMX SJ Q] GSYRWIP EZEMP ]SYVWIPJ EPWS SJ


ER] LIPTJYP GMVGYQWXERGIW SZIV ERH FI]SRH XLI SVHMREV] VYPIW

%GGSVHMRK EW GMVGYQWXERGIW EVI JEZSVEFPI SRI WLSYPH QSHMJ]


SRI W TPERW

%PP [EVJEVI MW FEWIH SR HIGITXMSR

,IRGI [LIR EFPI XS EXXEGO [I QYWX WIIQ YREFPI [LIR


YWMRK SYV JSVGIW [I QYWX WIIQ MREGXMZI [LIR [I EVI RIEV [I
QYWX QEOI XLI IRIQ] FIPMIZI [I EVI JEV E[E] [LIR JEV E[E]
[I QYWX QEOI LMQ FIPMIZI [I EVI RIEV

[[[ WYRX^YWEMH GSQ


,SPH SYX FEMXW XS IRXMGI XLI IRIQ] *IMKR HMWSVHIV ERH GVYWL
LMQ

-J LI MW WIGYVI EX EPP TSMRXW FI TVITEVIH JSV LMQ -J LI MW MR


WYTIVMSV WXVIRKXL IZEHI LMQ

-J ]SYV STTSRIRX MW SJ GLSPIVMG XIQTIV WIIO XS MVVMXEXI LMQ


4VIXIRH XS FI [IEO XLEX LI QE] KVS[ EVVSKERX

-J LI MW XEOMRK LMW IEWI KMZI LMQ RS VIWX -J LMW JSVGIW EVI


YRMXIH WITEVEXI XLIQ

%XXEGO LMQ [LIVI LI MW YRTVITEVIH ETTIEV [LIVI ]SY EVI RSX


I\TIGXIH

8LIWI QMPMXEV] HIZMGIW PIEHMRK XS ZMGXSV] QYWX RSX FI


HMZYPKIH FIJSVILERH

2S[ XLI KIRIVEP [LS [MRW E FEXXPI QEOIW QER] GEPGYPEXMSRW


MR LMW XIQTPI IVI XLI FEXXPI MW JSYKLX 8LI KIRIVEP [LS PSWIW E
FEXXPI QEOIW FYX JI[ GEPGYPEXMSRW FIJSVILERH 8LYW HS QER]
GEPGYPEXMSRW PIEH XS ZMGXSV] ERH JI[ GEPGYPEXMSRW XS HIJIEX LS[
QYGL QSVI RS GEPGYPEXMSR EX EPP -X MW F] EXXIRXMSR XS XLMW TSMRX
XLEX - GER JSVIWII [LS MW PMOIP] XS [MR SV PSWI

[[[ WYRX^YWEMH GSQ


',%48)6 ;%+-2+ ;%6

7YR 8^Y WEMH -R XLI STIVEXMSRW SJ [EV [LIVI XLIVI EVI MR XLI
JMIPH E XLSYWERH W[MJX GLEVMSXW EW QER] LIEZ] GLEVMSXW ERH E
LYRHVIH XLSYWERH QEMP GPEH WSPHMIVW [MXL TVSZMWMSRW IRSYKL XS
GEVV] XLIQ E XLSYWERH 0- XLI I\TIRHMXYVI EX LSQI ERH EX XLI
JVSRX MRGPYHMRK IRXIVXEMRQIRX SJ KYIWXW WQEPP MXIQW WYGL EW KPYI
ERH TEMRX ERH WYQW WTIRX SR GLEVMSXW ERH EVQSV [MPP VIEGL XLI
XSXEP SJ E XLSYWERH SYRGIW SJ WMPZIV TIV HE] 7YGL MW XLI GSWX SJ
VEMWMRK ER EVQ] SJ QIR

;LIR ]SY IRKEKI MR EGXYEP JMKLXMRK MJ ZMGXSV] MW PSRK MR


GSQMRK XLIR QIR W [IETSRW [MPP KVS[ HYPP ERH XLIMV EVHSV [MPP FI
HEQTIH -J ]SY PE] WMIKI XS E XS[R ]SY [MPP I\LEYWX ]SYV
WXVIRKXL

%KEMR MJ XLI GEQTEMKR MW TVSXVEGXIH XLI VIWSYVGIW SJ XLI 7XEXI


[MPP RSX FI IUYEP XS XLI WXVEMR

2S[ [LIR ]SYV [IETSRW EVI HYPPIH ]SYV EVHSV HEQTIH ]SYV
WXVIRKXL I\LEYWXIH ERH ]SYV XVIEWYVI WTIRX SXLIV GLMIJXEMRW [MPP
WTVMRK YT XS XEOI EHZERXEKI SJ ]SYV I\XVIQMX] 8LIR RS QER
LS[IZIV [MWI [MPP FI EFPI XS EZIVX XLI GSRWIUYIRGIW XLEX QYWX
IRWYI

8LYW XLSYKL [I LEZI LIEVH SJ WXYTMH LEWXI MR [EV GPIZIVRIWW


LEW RIZIV FIIR WIIR EWWSGMEXIH [MXL PSRK HIPE]W

8LIVI MW RS MRWXERGI SJ E GSYRXV] LEZMRK FIRIJMXIH JVSQ


TVSPSRKIH [EVJEVI

-X MW SRP] SRI [LS MW XLSVSYKLP] EGUYEMRXIH [MXL XLI IZMPW SJ


[EV XLEX GER XLSVSYKLP] YRHIVWXERH XLI TVSJMXEFPI [E] SJ GEVV]MRK
MX SR

[[[ WYRX^YWEMH GSQ


8LI WOMPPJYP WSPHMIV HSIW RSX VEMWI E WIGSRH PIZ] RIMXLIV EVI LMW
WYTTP] [EKSRW PSEHIH QSVI XLER X[MGI

&VMRK [EV QEXIVMEP [MXL ]SY JVSQ LSQI FYX JSVEKI SR XLI
IRIQ] 8LYW XLI EVQ] [MPP LEZI JSSH IRSYKL JSV MXW RIIHW

4SZIVX] SJ XLI 7XEXI I\GLIUYIV GEYWIW ER EVQ] XS FI


QEMRXEMRIH F] GSRXVMFYXMSRW JVSQ E HMWXERGI 'SRXVMFYXMRK XS
QEMRXEMR ER EVQ] EX E HMWXERGI GEYWIW XLI TISTPI XS FI
MQTSZIVMWLIH

3R XLI SXLIV LERH XLI TVS\MQMX] SJ ER EVQ] GEYWIW TVMGIW XS


KS YT ERH LMKL TVMGIW GEYWI XLI TISTPI W WYFWXERGI XS FI HVEMRIH
E[E]

;LIR XLIMV WYFWXERGI MW HVEMRIH E[E] XLI TIEWERXV] [MPP FI


EJJPMGXIH F] LIEZ] I\EGXMSRW

;MXL XLMW PSWW SJ WYFWXERGI ERH I\LEYWXMSR SJ WXVIRKXL XLI


LSQIW SJ XLI TISTPI [MPP FI WXVMTTIH FEVI ERH XLVII XIRXLW SJ
XLIMV MRGSQI [MPP FI HMWWMTEXIH [LMPI KSZIVRQIRX I\TIRWIW JSV
FVSOIR GLEVMSXW [SVR SYX LSVWIW FVIEWX TPEXIW ERH LIPQIXW
FS[W ERH EVVS[W WTIEVW ERH WLMIPHW TVSXIGXMZI QERXPIW
HVEYKLX S\IR ERH LIEZ] [EKSRW [MPP EQSYRX XS JSYV XIRXLW SJ MXW
XSXEP VIZIRYI

,IRGI E [MWI KIRIVEP QEOIW E TSMRX SJ JSVEKMRK SR XLI


IRIQ] 3RI GEVXPSEH SJ XLI IRIQ] W TVSZMWMSRW MW IUYMZEPIRX XS
X[IRX] SJ SRI W S[R ERH PMOI[MWI E WMRKPI 4-'90 SJ LMW TVSZIRHIV
MW IUYMZEPIRX XS X[IRX] JVSQ SRI W S[R WXSVI

2S[ MR SVHIV XS OMPP XLI IRIQ] SYV QIR QYWX FI VSYWIH XS


ERKIV XLEX XLIVI QE] FI EHZERXEKI JVSQ HIJIEXMRK XLI IRIQ]
XLI] QYWX LEZI XLIMV VI[EVHW

[[[ WYRX^YWEMH GSQ


8LIVIJSVI MR GLEVMSX JMKLXMRK [LIR XIR SV QSVI GLEVMSXW LEZI
FIIR XEOIR XLSWI WLSYPH FI VI[EVHIH [LS XSSO XLI JMVWX 3YV
S[R JPEKW WLSYPH FI WYFWXMXYXIH JSV XLSWI SJ XLI IRIQ] ERH XLI
GLEVMSXW QMRKPIH ERH YWIH MR GSRNYRGXMSR [MXL SYVW 8LI GETXYVIH
WSPHMIVW WLSYPH FI OMRHP] XVIEXIH ERH OITX

8LMW MW GEPPIH YWMRK XLI GSRUYIVIH JSI XS EYKQIRX SRI W S[R


WXVIRKXL

-R [EV XLIR PIX ]SYV KVIEX SFNIGX FI ZMGXSV] RSX PIRKXL]


GEQTEMKRW

8LYW MX QE] FI ORS[R XLEX XLI PIEHIV SJ EVQMIW MW XLI EVFMXIV


SJ XLI TISTPI W JEXI XLI QER SR [LSQ MX HITIRHW [LIXLIV XLI
REXMSR WLEPP FI MR TIEGI SV MR TIVMP

[[[ WYRX^YWEMH GSQ


',%48)6 %88%'/ &= 786%8%+)1

7YR 8^Y WEMH -R XLI TVEGXMGEP EVX SJ [EV XLI FIWX XLMRK SJ EPP MW
XS XEOI XLI IRIQ] W GSYRXV] [LSPI ERH MRXEGX XS WLEXXIV ERH
HIWXVS] MX MW RSX WS KSSH 7S XSS MX MW FIXXIV XS VIGETXYVI ER
EVQ] IRXMVI XLER XS HIWXVS] MX XS GETXYVI E VIKMQIRX E
HIXEGLQIRX SV E GSQTER] IRXMVI XLER XS HIWXVS] XLIQ

,IRGI XS JMKLX ERH GSRUYIV MR EPP ]SYV FEXXPIW MW RSX WYTVIQI


I\GIPPIRGI WYTVIQI I\GIPPIRGI GSRWMWXW MR FVIEOMRK XLI IRIQ] W
VIWMWXERGI [MXLSYX JMKLXMRK

8LYW XLI LMKLIWX JSVQ SJ KIRIVEPWLMT MW XS FEPO XLI IRIQ] W


TPERW XLI RI\X FIWX MW XS TVIZIRX XLI NYRGXMSR SJ XLI IRIQ] W
JSVGIW XLI RI\X MR SVHIV MW XS EXXEGO XLI IRIQ] W EVQ] MR XLI
JMIPH ERH XLI [SVWX TSPMG] SJ EPP MW XS FIWMIKI [EPPIH GMXMIW

8LI VYPI MW RSX XS FIWMIKI [EPPIH GMXMIW MJ MX GER TSWWMFP] FI


EZSMHIH 8LI TVITEVEXMSR SJ QERXPIXW QSZEFPI WLIPXIVW ERH
ZEVMSYW MQTPIQIRXW SJ [EV [MPP XEOI YT XLVII [LSPI QSRXLW ERH
XLI TMPMRK YT SJ QSYRHW SZIV EKEMRWX XLI [EPPW [MPP XEOI XLVII
QSRXLW QSVI

8LI KIRIVEP YREFPI XS GSRXVSP LMW MVVMXEXMSR [MPP PEYRGL LMW QIR
XS XLI EWWEYPX PMOI W[EVQMRK ERXW [MXL XLI VIWYPX XLEX SRI XLMVH SJ
LMW QIR EVI WPEMR [LMPI XLI XS[R WXMPP VIQEMRW YRXEOIR 7YGL EVI
XLI HMWEWXVSYW IJJIGXW SJ E WMIKI

8LIVIJSVI XLI WOMPPJYP PIEHIV WYFHYIW XLI IRIQ] W XVSSTW


[MXLSYX ER] JMKLXMRK LI GETXYVIW XLIMV GMXMIW [MXLSYX PE]MRK WMIKI
XS XLIQ LI SZIVXLVS[W XLIMV OMRKHSQ [MXLSYX PIRKXL] STIVEXMSRW
MR XLI JMIPH

;MXL LMW JSVGIW MRXEGX LI [MPP HMWTYXI XLI QEWXIV] SJ XLI


)QTMVI ERH XLYW [MXLSYX PSWMRK E QER LMW XVMYQTL [MPP FI
GSQTPIXI 8LMW MW XLI QIXLSH SJ EXXEGOMRK F] WXVEXEKIQ

[[[ WYRX^YWEMH GSQ


-X MW XLI VYPI MR [EV MJ SYV JSVGIW EVI XIR XS XLI IRIQ] W SRI XS
WYVVSYRH LMQ MJ JMZI XS SRI XS EXXEGO LMQ MJ X[MGI EW RYQIVSYW
XS HMZMHI SYV EVQ] MRXS X[S

-J IUYEPP] QEXGLIH [I GER SJJIV FEXXPI MJ WPMKLXP] MRJIVMSV MR


RYQFIVW [I GER EZSMH XLI IRIQ] MJ UYMXI YRIUYEP MR IZIV] [E]
[I GER JPII JVSQ LMQ

,IRGI XLSYKL ER SFWXMREXI JMKLX QE] FI QEHI F] E WQEPP


JSVGI MR XLI IRH MX QYWX FI GETXYVIH F] XLI PEVKIV JSVGI

2S[ XLI KIRIVEP MW XLI FYP[EVO SJ XLI 7XEXI MJ XLI FYP[EVO MW


GSQTPIXI EX EPP TSMRXW XLI 7XEXI [MPP FI WXVSRK MJ XLI FYP[EVO MW
HIJIGXMZI XLI 7XEXI [MPP FI [IEO

8LIVI EVI XLVII [E]W MR [LMGL E VYPIV GER FVMRK QMWJSVXYRI


YTSR LMW EVQ]

&] GSQQERHMRK XLI EVQ] XS EHZERGI SV XS VIXVIEX FIMRK


MKRSVERX SJ XLI JEGX XLEX MX GERRSX SFI] 8LMW MW GEPPIH LSFFPMRK XLI
EVQ]

&] EXXIQTXMRK XS KSZIVR ER EVQ] MR XLI WEQI [E] EW LI


EHQMRMWXIVW E OMRKHSQ FIMRK MKRSVERX SJ XLI GSRHMXMSRW [LMGL
SFXEMR MR ER EVQ] 8LMW GEYWIW VIWXPIWWRIWW MR XLI WSPHMIV W QMRHW

&] IQTPS]MRK XLI SJJMGIVW SJ LMW EVQ] [MXLSYX


HMWGVMQMREXMSR XLVSYKL MKRSVERGI SJ XLI QMPMXEV] TVMRGMTPI SJ
EHETXEXMSR XS GMVGYQWXERGIW 8LMW WLEOIW XLI GSRJMHIRGI SJ XLI
WSPHMIVW

&YX [LIR XLI EVQ] MW VIWXPIWW ERH HMWXVYWXJYP XVSYFPI MW WYVI


XS GSQI JVSQ XLI SXLIV JIYHEP TVMRGIW 8LMW MW WMQTP] FVMRKMRK
EREVGL] MRXS XLI EVQ] ERH JPMRKMRK ZMGXSV] E[E]

[[[ WYRX^YWEMH GSQ


8LYW [I QE] ORS[ XLEX XLIVI EVI JMZI IWWIRXMEPW JSV ZMGXSV]
,I [MPP [MR [LS ORS[W [LIR XS JMKLX ERH [LIR RSX XS JMKLX
,I [MPP [MR [LS ORS[W LS[ XS LERHPI FSXL WYTIVMSV ERH
MRJIVMSV JSVGIW ,I [MPP [MR [LSWI EVQ] MW ERMQEXIH F] XLI
WEQI WTMVMX XLVSYKLSYX EPP MXW VEROW ,I [MPP [MR [LS
TVITEVIH LMQWIPJ [EMXW XS XEOI XLI IRIQ] YRTVITEVIH ,I
[MPP [MR [LS LEW QMPMXEV] GETEGMX] ERH MW RSX MRXIVJIVIH [MXL F]
XLI WSZIVIMKR

,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ
]SY RIIH RSX JIEV XLI VIWYPX SJ E LYRHVIH FEXXPIW -J ]SY ORS[
]SYVWIPJ FYX RSX XLI IRIQ] JSV IZIV] ZMGXSV] KEMRIH ]SY [MPP EPWS
WYJJIV E HIJIEX -J ]SY ORS[ RIMXLIV XLI IRIQ] RSV ]SYVWIPJ ]SY
[MPP WYGGYQF MR IZIV] FEXXPI

[[[ WYRX^YWEMH GSQ


',%48)6 8%'8-'%0 (-7437-8-327

7YR 8^Y WEMH 8LI KSSH JMKLXIVW SJ SPH JMVWX TYX XLIQWIPZIW
FI]SRH XLI TSWWMFMPMX] SJ HIJIEX ERH XLIR [EMXIH JSV ER
STTSVXYRMX] SJ HIJIEXMRK XLI IRIQ]

8S WIGYVI SYVWIPZIW EKEMRWX HIJIEX PMIW MR SYV S[R LERHW FYX


XLI STTSVXYRMX] SJ HIJIEXMRK XLI IRIQ] MW TVSZMHIH F] XLI IRIQ]
LMQWIPJ

8LYW XLI KSSH JMKLXIV MW EFPI XS WIGYVI LMQWIPJ EKEMRWX HIJIEX


FYX GERRSX QEOI GIVXEMR SJ HIJIEXMRK XLI IRIQ]

,IRGI XLI WE]MRK 3RI QE] /23; LS[ XS GSRUYIV [MXLSYX


FIMRK EFPI XS (3 MX

7IGYVMX] EKEMRWX HIJIEX MQTPMIW HIJIRWMZI XEGXMGW EFMPMX] XS


HIJIEX XLI IRIQ] QIERW XEOMRK XLI SJJIRWMZI

7XERHMRK SR XLI HIJIRWMZI MRHMGEXIW MRWYJJMGMIRX WXVIRKXL


EXXEGOMRK E WYTIVEFYRHERGI SJ WXVIRKXL

8LI KIRIVEP [LS MW WOMPPIH MR HIJIRWI LMHIW MR XLI QSWX WIGVIX


VIGIWWIW SJ XLI IEVXL LI [LS MW WOMPPIH MR EXXEGO JPEWLIW JSVXL
JVSQ XLI XSTQSWX LIMKLXW SJ LIEZIR 8LYW SR XLI SRI LERH [I
LEZI EFMPMX] XS TVSXIGX SYVWIPZIW SR XLI SXLIV E ZMGXSV] XLEX MW
GSQTPIXI

8S WII ZMGXSV] SRP] [LIR MX MW [MXLMR XLI OIR SJ XLI GSQQSR


LIVH MW RSX XLI EGQI SJ I\GIPPIRGI

2IMXLIV MW MX XLI EGQI SJ I\GIPPIRGI MJ ]SY JMKLX ERH GSRUYIV


ERH XLI [LSPI )QTMVI WE]W ;IPP HSRI

[[[ WYRX^YWEMH GSQ


8S PMJX ER EYXYQR LEMV MW RS WMKR SJ KVIEX WXVIRKXL XS WII XLI
WYR ERH QSSR MW RS WMKR SJ WLEVT WMKLX XS LIEV XLI RSMWI SJ
XLYRHIV MW RS WMKR SJ E UYMGO IEV

;LEX XLI ERGMIRXW GEPPIH E GPIZIV JMKLXIV MW SRI [LS RSX SRP]
[MRW FYX I\GIPW MR [MRRMRK [MXL IEWI

,IRGI LMW ZMGXSVMIW FVMRK LMQ RIMXLIV VITYXEXMSR JSV [MWHSQ


RSV GVIHMX JSV GSYVEKI

,I [MRW LMW FEXXPIW F] QEOMRK RS QMWXEOIW 1EOMRK RS


QMWXEOIW MW [LEX IWXEFPMWLIW XLI GIVXEMRX] SJ ZMGXSV] JSV MX QIERW
GSRUYIVMRK ER IRIQ] XLEX MW EPVIEH] HIJIEXIH

,IRGI XLI WOMPPJYP JMKLXIV TYXW LMQWIPJ MRXS E TSWMXMSR [LMGL


QEOIW HIJIEX MQTSWWMFPI ERH HSIW RSX QMWW XLI QSQIRX JSV
HIJIEXMRK XLI IRIQ]

8LYW MX MW XLEX MR [EV XLI ZMGXSVMSYW WXVEXIKMWX SRP] WIIOW


FEXXPI EJXIV XLI ZMGXSV] LEW FIIR [SR [LIVIEW LI [LS MW HIWXMRIH
XS HIJIEX JMVWX JMKLXW ERH EJXIV[EVHW PSSOW JSV ZMGXSV]

8LI GSRWYQQEXI PIEHIV GYPXMZEXIW XLI QSVEP PE[ ERH WXVMGXP]


EHLIVIW XS QIXLSH ERH HMWGMTPMRI XLYW MX MW MR LMW TS[IV XS
GSRXVSP WYGGIWW

-R VIWTIGX SJ QMPMXEV] QIXLSH [I LEZI JMVWXP] 1IEWYVIQIRX


WIGSRHP] )WXMQEXMSR SJ UYERXMX] XLMVHP] 'EPGYPEXMSR JSYVXLP]
&EPERGMRK SJ GLERGIW JMJXLP] :MGXSV]

1IEWYVIQIRX S[IW MXW I\MWXIRGI XS )EVXL )WXMQEXMSR SJ


UYERXMX] XS 1IEWYVIQIRX 'EPGYPEXMSR XS )WXMQEXMSR SJ UYERXMX]
&EPERGMRK SJ GLERGIW XS 'EPGYPEXMSR ERH :MGXSV] XS &EPERGMRK SJ
GLERGIW

[[[ WYRX^YWEMH GSQ


% ZMGXSVMSYW EVQ] STTSWIH XS E VSYXIH SRI MW EW E TSYRH W
[IMKLX TPEGIH MR XLI WGEPI EKEMRWX E WMRKPI KVEMR

8LI SRVYWL SJ E GSRUYIVMRK JSVGI MW PMOI XLI FYVWXMRK SJ TIRX


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8LIVIJSVI XLI GPIZIV GSQFEXERX MQTSWIW LMW [MPP SR XLI IRIQ]


FYX HSIW RSX EPPS[ XLI IRIQ] W [MPP XS FI MQTSWIH SR LMQ

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%TTIEV EX TSMRXW [LMGL XLI IRIQ] QYWX LEWXIR XS HIJIRH


QEVGL W[MJXP] XS TPEGIW [LIVI ]SY EVI RSX I\TIGXIH

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MRZMWMFPI SYVWIPZIW [I GER OIIT SYV JSVGIW GSRGIRXVEXIH [LMPI
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;I GER JSVQ E WMRKPI YRMXIH FSH] [LMPI XLI IRIQ] QYWX WTPMX
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8LI WTSX [LIVI [I MRXIRH XS JMKLX QYWX RSX FI QEHI ORS[R


JSV XLIR XLI IRIQ] [MPP LEZI XS TVITEVI EKEMRWX E TSWWMFPI EXXEGO
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8LSYKL XLI IRIQ] FI WXVSRKIV MR RYQFIVW [I QE] TVIZIRX


LMQ JVSQ JMKLXMRK 7GLIQI WS EW XS HMWGSZIV LMW TPERW ERH XLI
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[[[ WYRX^YWEMH GSQ


FI WEJI JVSQ XLI TV]MRK SJ XLI WYFXPIWX WTMIW JVSQ XLI
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S[R XEGXMGW XLEX MW [LEX XLI QYPXMXYHI GERRSX GSQTVILIRH

%PP QIR GER WII XLI XEGXMGW [LIVIF] - GSRUYIV FYX [LEX RSRI
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(S RSX VITIEX XLI XEGXMGW [LMGL LEZI KEMRIH ]SY SRI ZMGXSV]
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7S MR [EV XLI [E] MW XS EZSMH [LEX MW WXVSRK ERH XS WXVMOI EX


[LEX MW [IEO

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8LIVIJSVI NYWX EW [EXIV VIXEMRW RS GSRWXERX WLETI WS MR


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XLIVIF] WYGGIIH MR [MRRMRK QE] FI GEPPIH E LIEZIR FSVR
GETXEMR

8LI JMZI IPIQIRXW [EXIV JMVI [SSH QIXEP IEVXL EVI RSX
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[[[ WYRX^YWEMH GSQ


',%48)6 1%2)9:)6-2+

7YR 8^Y WEMH -R [EV XLI KIRIVEP VIGIMZIW LMW GSQQERHW JVSQ
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FPIRH ERH LEVQSRM^I XLI HMJJIVIRX IPIQIRXW XLIVISJ FIJSVI
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%JXIV XLEX GSQIW XEGXMGEP QERIYZIVMRK XLER [LMGL XLIVI MW


RSXLMRK QSVI HMJJMGYPX 8LI HMJJMGYPX] SJ XEGXMGEP QERIYZIVMRK
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8LYW XS XEOI E PSRK ERH GMVGYMXSYW VSYXI EJXIV IRXMGMRK XLI


IRIQ] SYX SJ XLI [E] ERH XLSYKL WXEVXMRK EJXIV LMQ XS GSRXVMZI
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YRHMWGMTPMRIH QYPXMXYHI QSWX HERKIVSYW

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EHZERXEKI XLI GLERGIW EVI XLEX ]SY [MPP FI XSS PEXI 3R XLI
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8LYW MJ ]SY SVHIV ]SYV QIR XS VSPP YT XLIMV FYJJ GSEXW ERH
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HSYFPI XLI YWYEP HMWXERGI EX E WXVIXGL HSMRK E LYRHVIH 0- MR
SVHIV XS [VIWX ER EHZERXEKI XLI PIEHIVW SJ EPP ]SYV XLVII
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8LI WXVSRKIV QIR [MPP FI MR JVSRX XLI NEHIH SRIW [MPP JEPP
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[[[ WYRX^YWEMH GSQ


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HIGMHIH F] GMVGYQWXERGIW

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SJ XLI JSVIWX

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;LIR ]SY TPYRHIV E GSYRXV]WMHI PIX XLI WTSMP FI HMZMHIH
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4SRHIV ERH HIPMFIVEXI FIJSVI ]SY QEOI E QSZI

,I [MPP GSRUYIV [LS LEW PIEVRX XLI EVXMJMGI SJ HIZMEXMSR 7YGL


MW XLI EVX SJ QERIYZIVMRK

8LI &SSO SJ %VQ] 1EREKIQIRX WE]W 3R XLI JMIPH SJ FEXXPI


XLI WTSOIR [SVH HSIW RSX GEVV] JEV IRSYKL LIRGI XLI MRWXMXYXMSR
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8LI LSWX XLYW JSVQMRK E WMRKPI YRMXIH FSH] MW MX MQTSWWMFPI


IMXLIV JSV XLI FVEZI XS EHZERGI EPSRI SV JSV XLI GS[EVHP] XS
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HVYQW ERH MR JMKLXMRK F] HE] SJ JPEKW ERH FERRIVW EW E QIERW
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% [LSPI EVQ] QE] FI VSFFIH SJ MXW WTMVMX E GSQQERHIV MR


GLMIJ QE] FI VSFFIH SJ LMW TVIWIRGI SJ QMRH

2S[ E WSPHMIV W WTMVMX MW OIIRIWX MR XLI QSVRMRK F] RSSRHE] MX


LEW FIKYR XS JPEK ERH MR XLI IZIRMRK LMW QMRH MW FIRX SRP] SR
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OIIR FYX EXXEGOW MX [LIR MX MW WPYKKMWL ERH MRGPMRIH XS VIXYVR 8LMW
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[[[ WYRX^YWEMH GSQ


(MWGMTPMRIH ERH GEPQ XS E[EMX XLI ETTIEVERGI SJ HMWSVHIV ERH
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WXVIRKXL

8S VIJVEMR JVSQ MRXIVGITXMRK ER IRIQ] [LSWI FERRIVW EVI MR


TIVJIGX SVHIV XS VIJVEMR JVSQ EXXEGOMRK ER EVQ] HVE[R YT MR GEPQ
ERH GSRJMHIRX EVVE] XLMW MW XLI EVX SJ WXYH]MRK GMVGYQWXERGIW

-X MW E QMPMXEV] E\MSQ RSX XS EHZERGI YTLMPP EKEMRWX XLI IRIQ]


RSV XS STTSWI LMQ [LIR LI GSQIW HS[RLMPP

(S RSX TYVWYI ER IRIQ] [LS WMQYPEXIW JPMKLX HS RSX EXXEGO


WSPHMIVW [LSWI XIQTIV MW OIIR

(S RSX W[EPPS[ FEMX SJJIVIH F] XLI IRIQ] (S RSX MRXIVJIVI


[MXL ER EVQ] XLEX MW VIXYVRMRK LSQI

;LIR ]SY WYVVSYRH ER EVQ] PIEZI ER SYXPIX JVII (S RSX


TVIWW E HIWTIVEXI JSI XSS LEVH

7YGL MW XLI EVX SJ [EVJEVI

[[[ WYRX^YWEMH GSQ


',%48)6 :%6-%8-32 -2 8%'8-'7

7YR 8^Y WEMH -R [EV XLI KIRIVEP VIGIMZIW LMW GSQQERHW JVSQ
XLI WSZIVIMKR GSPPIGXW LMW EVQ] ERH GSRGIRXVEXIW LMW JSVGIW

;LIR MR HMJJMGYPX GSYRXV] HS RSX IRGEQT -R GSYRXV] [LIVI


LMKL VSEHW MRXIVWIGX NSMR LERHW [MXL ]SYV EPPMIW (S RSX PMRKIV MR
HERKIVSYWP] MWSPEXIH TSWMXMSRW -R LIQQIH MR WMXYEXMSRW ]SY
QYWX VIWSVX XS WXVEXEKIQ -R HIWTIVEXI TSWMXMSR ]SY QYWX JMKLX

8LIVI EVI VSEHW [LMGL QYWX RSX FI JSPPS[IH EVQMIW [LMGL


QYWX FI RSX EXXEGOIH XS[RW [LMGL QYWX RSX FI FIWMIKIH
TSWMXMSRW [LMGL QYWX RSX FI GSRXIWXIH GSQQERHW SJ XLI
WSZIVIMKR [LMGL QYWX RSX FI SFI]IH

8LI KIRIVEP [LS XLSVSYKLP] YRHIVWXERHW XLI EHZERXEKIW XLEX


EGGSQTER] ZEVMEXMSR SJ XEGXMGW ORS[W LS[ XS LERHPI LMW XVSSTW

8LI KIRIVEP [LS HSIW RSX YRHIVWXERH XLIWI QE] FI [IPP


EGUYEMRXIH [MXL XLI GSRJMKYVEXMSR SJ XLI GSYRXV] ]IX LI [MPP RSX
FI EFPI XS XYVR LMW ORS[PIHKI XS TVEGXMGEP EGGSYRX

7S XLI WXYHIRX SJ [EV [LS MW YRZIVWIH MR XLI EVX SJ [EV SJ


ZEV]MRK LMW TPERW IZIR XLSYKL LI FI EGUYEMRXIH [MXL XLI *MZI
%HZERXEKIW [MPP JEMP XS QEOI XLI FIWX YWI SJ LMW QIR

,IRGI MR XLI [MWI PIEHIV W TPERW GSRWMHIVEXMSRW SJ EHZERXEKI


ERH SJ HMWEHZERXEKI [MPP FI FPIRHIH XSKIXLIV

-J SYV I\TIGXEXMSR SJ EHZERXEKI FI XIQTIVIH MR XLMW [E] [I


QE] WYGGIIH MR EGGSQTPMWLMRK XLI IWWIRXMEP TEVX SJ SYV WGLIQIW

-J SR XLI SXLIV LERH MR XLI QMHWX SJ HMJJMGYPXMIW [I EVI EP[E]W


VIEH] XS WIM^I ER EHZERXEKI [I QE] I\XVMGEXI SYVWIPZIW JVSQ
QMWJSVXYRI

[[[ WYRX^YWEMH GSQ


6IHYGI XLI LSWXMPI GLMIJW F] MRJPMGXMRK HEQEKI SR XLIQ ERH
QEOI XVSYFPI JSV XLIQ ERH OIIT XLIQ GSRWXERXP] IRKEKIH LSPH
SYX WTIGMSYW EPPYVIQIRXW ERH QEOI XLIQ VYWL XS ER] KMZIR
TSMRX

8LI EVX SJ [EV XIEGLIW YW XS VIP] RSX SR XLI PMOIPMLSSH SJ XLI


IRIQ] W RSX GSQMRK FYX SR SYV S[R VIEHMRIWW XS VIGIMZI LMQ
RSX SR XLI GLERGI SJ LMW RSX EXXEGOMRK FYX VEXLIV SR XLI JEGX XLEX
[I LEZI QEHI SYV TSWMXMSR YREWWEMPEFPI

8LIVI EVI JMZI HERKIVSYW JEYPXW [LMGL QE] EJJIGX E KIRIVEP


6IGOPIWWRIWW [LMGL PIEHW XS HIWXVYGXMSR GS[EVHMGI
[LMGL PIEHW XS GETXYVI E LEWX] XIQTIV [LMGL GER FI
TVSZSOIH F] MRWYPXW E HIPMGEG] SJ LSRSV [LMGL MW WIRWMXMZI XS
WLEQI SZIV WSPMGMXYHI JSV LMW QIR [LMGL I\TSWIW LMQ XS
[SVV] ERH XVSYFPI

8LIWI EVI XLI JMZI FIWIXXMRK WMRW SJ E KIRIVEP VYMRSYW XS XLI


GSRHYGX SJ [EV

;LIR ER EVQ] MW SZIVXLVS[R ERH MXW PIEHIV WPEMR XLI GEYWI


[MPP WYVIP] FI JSYRH EQSRK XLIWI JMZI HERKIVSYW JEYPXW 0IX XLIQ
FI E WYFNIGX SJ QIHMXEXMSR

[[[ WYRX^YWEMH GSQ


',%48)6 8,) %61= 32 8,) 1%6',

7YR 8^Y WEMH ;I GSQI RS[ XS XLI UYIWXMSR SJ IRGEQTMRK XLI


EVQ] ERH SFWIVZMRK WMKRW SJ XLI IRIQ] 4EWW UYMGOP] SZIV
QSYRXEMRW ERH OIIT MR XLI RIMKLFSVLSSH SJ ZEPPI]W

'EQT MR LMKL TPEGIW JEGMRK XLI WYR (S RSX GPMQF LIMKLXW MR


SVHIV XS JMKLX 7S QYGL JSV QSYRXEMR [EVJEVI

%JXIV GVSWWMRK E VMZIV ]SY WLSYPH KIX JEV E[E] JVSQ MX

;LIR ER MRZEHMRK JSVGI GVSWWIW E VMZIV MR MXW SR[EVH QEVGL HS


RSX EHZERGI XS QIIX MX MR QMH WXVIEQ -X [MPP FI FIWX XS PIX LEPJ
XLI EVQ] KIX EGVSWW ERH XLIR HIPMZIV ]SYV EXXEGO

-J ]SY EVI ER\MSYW XS JMKLX ]SY WLSYPH RSX KS XS QIIX XLI


MRZEHIV RIEV E VMZIV [LMGL LI LEW XS GVSWW

1SSV ]SYV GVEJX LMKLIV YT XLER XLI IRIQ] ERH JEGMRK XLI WYR
(S RSX QSZI YT WXVIEQ XS QIIX XLI IRIQ] 7S QYGL JSV VMZIV
[EVJEVI

-R GVSWWMRK WEPX QEVWLIW ]SYV WSPI GSRGIVR WLSYPH FI XS KIX


SZIV XLIQ UYMGOP] [MXLSYX ER] HIPE]

-J JSVGIH XS JMKLX MR E WEPX QEVWL ]SY WLSYPH LEZI [EXIV ERH


KVEWW RIEV ]SY ERH KIX ]SYV FEGO XS E GPYQT SJ XVIIW 7S QYGL
JSV STIVEXMSRW MR WEPX QEVGLIW

-R HV] PIZIP GSYRXV] XEOI YT ER IEWMP] EGGIWWMFPI TSWMXMSR [MXL


VMWMRK KVSYRH XS ]SYV VMKLX ERH SR ]SYV VIEV WS XLEX XLI HERKIV
QE] FI MR JVSRX ERH WEJIX] PMI FILMRH 7S QYGL JSV GEQTEMKRMRK
MR JPEX GSYRXV]

[[[ WYRX^YWEMH GSQ


8LIWI EVI XLI JSYV YWIJYP FVERGLIW SJ QMPMXEV] ORS[PIHKI
[LMGL IREFPIH XLI =IPPS[ )QTIVSV XS ZERUYMWL JSYV WIZIVEP
WSZIVIMKRW

%PP EVQMIW TVIJIV LMKL KVSYRH XS PS[ ERH WYRR] TPEGIW XS


HEVO

-J ]SY EVI GEVIJYP SJ ]SYV QIR ERH GEQT SR LEVH KVSYRH XLI
EVQ] [MPP FI JVII JVSQ HMWIEWI SJ IZIV] OMRH ERH XLMW [MPP WTIPP
ZMGXSV]

;LIR ]SY GSQI XS E LMPP SV E FERO SGGYT] XLI WYRR] WMHI


[MXL XLI WPSTI SR ]SYV VMKLX VIEV 8LYW ]SY [MPP EX SRGI EGX JSV XLI
FIRIJMX SJ ]SYV WSPHMIVW ERH YXMPM^I XLI REXYVEP EHZERXEKIW SJ XLI
KVSYRH

;LIR MR GSRWIUYIRGI SJ LIEZ] VEMRW YT GSYRXV] E VMZIV


[LMGL ]SY [MWL XS JSVH MW W[SPPIR ERH JPIGOIH [MXL JSEQ ]SY
QYWX [EMX YRXMP MX WYFWMHIW

'SYRXV] MR [LMGL XLIVI EVI TVIGMTMXSYW GPMJJW [MXL XSVVIRXW


VYRRMRK FIX[IIR HIIT REXYVEP LSPPS[W GSRJMRIH TPEGIW XERKPIH
XLMGOIXW UYEKQMVIW ERH GVIZEWWIW WLSYPH FI PIJX [MXL EPP TSWWMFPI
WTIIH ERH RSX ETTVSEGLIH

;LMPI [I OIIT E[E] JVSQ WYGL TPEGIW [I WLSYPH KIX XLI


IRIQ] XS ETTVSEGL XLIQ [LMPI [I JEGI XLIQ [I WLSYPH PIX XLI
IRIQ] LEZI XLIQ SR LMW VIEV

-J MR XLI RIMKLFSVLSSH SJ ]SYV GEQT XLIVI WLSYPH FI ER] LMPP]


GSYRXV] TSRHW WYVVSYRHIH F] EUYEXMG KVEWW LSPPS[ FEWMRW JMPPIH
[MXL VIIHW SV [SSHW [MXL XLMGO YRHIVKVS[XL XLI] QYWX FI
GEVIJYPP] VSYXIH SYX ERH WIEVGLIH JSV XLIWI EVI TPEGIW [LIVI
QIR MR EQFYWL SV MRWMHMSYW WTMIW EVI PMOIP] XS FI PYVOMRK

[[[ WYRX^YWEMH GSQ


;LIR XLI IRIQ] MW GPSWI EX LERH ERH VIQEMRW UYMIX LI MW
VIP]MRK SR XLI REXYVEP WXVIRKXL SJ LMW TSWMXMSR

;LIR LI OIITW EPSSJ ERH XVMIW XS TVSZSOI E FEXXPI LI MW


ER\MSYW JSV XLI SXLIV WMHI XS EHZERGI

-J LMW TPEGI SJ IRGEQTQIRX MW IEW] SJ EGGIWW LI MW XIRHIVMRK


E FEMX

1SZIQIRX EQSRKWX XLI XVIIW SJ E JSVIWX WLS[W XLEX XLI


IRIQ] MW EHZERGMRK 8LI ETTIEVERGI SJ E RYQFIV SJ WGVIIRW MR
XLI QMHWX SJ XLMGO KVEWW QIERW XLEX XLI IRIQ] [ERXW XS QEOI YW
WYWTMGMSYW

8LI VMWMRK SJ FMVHW MR XLIMV JPMKLX MW XLI WMKR SJ ER EQFYWGEHI


7XEVXPIH FIEWXW MRHMGEXI XLEX E WYHHIR EXXEGO MW GSQMRK

;LIR XLIVI MW HYWX VMWMRK MR E LMKL GSPYQR MX MW XLI WMKR SJ


GLEVMSXW EHZERGMRK [LIR XLI HYWX MW PS[ FYX WTVIEH SZIV E [MHI
EVIE MX FIXSOIRW XLI ETTVSEGL SJ MRJERXV] ;LIR MX FVERGLIW SYX
MR HMJJIVIRX HMVIGXMSRW MX WLS[W XLEX TEVXMIW LEZI FIIR WIRX XS
GSPPIGX JMVI[SSH % JI[ GPSYHW SJ HYWX QSZMRK XS ERH JVS WMKRMJ]
XLEX XLI EVQ] MW IRGEQTMRK

,YQFPI [SVHW ERH MRGVIEWIH TVITEVEXMSRW EVI WMKRW XLEX XLI


IRIQ] MW EFSYX XS EHZERGI :MSPIRX PERKYEKI ERH HVMZMRK JSV[EVH
EW MJ XS XLI EXXEGO EVI WMKRW XLEX LI [MPP VIXVIEX

;LIR XLI PMKLX GLEVMSXW GSQI SYX JMVWX ERH XEOI YT E TSWMXMSR
SR XLI [MRKW MX MW E WMKR XLEX XLI IRIQ] MW JSVQMRK JSV FEXXPI

4IEGI TVSTSWEPW YREGGSQTERMIH F] E W[SVR GSZIRERX MRHMGEXI


E TPSX

;LIR XLIVI MW QYGL VYRRMRK EFSYX ERH XLI WSPHMIVW JEPP MRXS
VERO MX QIERW XLEX XLI GVMXMGEP QSQIRX LEW GSQI

[[[ WYRX^YWEMH GSQ


;LIR WSQI EVI WIIR EHZERGMRK ERH WSQI VIXVIEXMRK MX MW E
PYVI

;LIR XLI WSPHMIVW WXERH PIERMRK SR XLIMV WTIEVW XLI] EVI


JEMRX JVSQ [ERX SJ JSSH

-J XLSWI [LS EVI WIRX XS HVE[ [EXIV FIKMR F] HVMROMRK


XLIQWIPZIW XLI EVQ] MW WYJJIVMRK JVSQ XLMVWX

-J XLI IRIQ] WIIW ER EHZERXEKI XS FI KEMRIH ERH QEOIW RS


IJJSVX XS WIGYVI MX XLI WSPHMIVW EVI I\LEYWXIH

-J FMVHW KEXLIV SR ER] WTSX MX MW YRSGGYTMIH 'PEQSV F] RMKLX


FIXSOIRW RIVZSYWRIWW

-J XLIVI MW HMWXYVFERGI MR XLI GEQT XLI KIRIVEP W EYXLSVMX] MW


[IEO -J XLI FERRIVW ERH JPEKW EVI WLMJXIH EFSYX WIHMXMSR MW EJSSX
-J XLI SJJMGIVW EVI ERKV] MX QIERW XLEX XLI QIR EVI [IEV]

;LIR ER EVQ] JIIHW MXW LSVWIW [MXL KVEMR ERH OMPPW MXW GEXXPI
JSV JSSH ERH [LIR XLI QIR HS RSX LERK XLIMV GSSOMRK TSXW SZIV
XLI GEQT JMVIW WLS[MRK XLEX XLI] [MPP RSX VIXYVR XS XLIMV XIRXW
]SY QE] ORS[ XLEX XLI] EVI HIXIVQMRIH XS JMKLX XS XLI HIEXL

8LI WMKLX SJ QIR [LMWTIVMRK XSKIXLIV MR WQEPP ORSXW SV


WTIEOMRK MR WYFHYIH XSRIW TSMRXW XS HMWEJJIGXMSR EQSRKWX XLI
VERO ERH JMPI

8SS JVIUYIRX VI[EVHW WMKRMJ] XLEX XLI IRIQ] MW EX XLI IRH SJ


LMW VIWSYVGIW XSS QER] TYRMWLQIRXW FIXVE] E GSRHMXMSR SJ HMVI
HMWXVIWW

8S FIKMR F] FPYWXIV FYX EJXIV[EVHW XS XEOI JVMKLX EX XLI


IRIQ] W RYQFIVW WLS[W E WYTVIQI PEGO SJ MRXIPPMKIRGI

[[[ WYRX^YWEMH GSQ


;LIR IRZS]W EVI WIRX [MXL GSQTPMQIRXW MR XLIMV QSYXLW MX MW
E WMKR XLEX XLI IRIQ] [MWLIW JSV E XVYGI

-J XLI IRIQ] W XVSSTW QEVGL YT ERKVMP] ERH VIQEMR JEGMRK


SYVW JSV E PSRK XMQI [MXLSYX IMXLIV NSMRMRK FEXXPI SV XEOMRK
XLIQWIPZIW SJJ EKEMR XLI WMXYEXMSR MW SRI XLEX HIQERHW KVIEX
ZMKMPERGI ERH GMVGYQWTIGXMSR

-J SYV XVSSTW EVI RS QSVI MR RYQFIV XLER XLI IRIQ] XLEX MW


EQTP] WYJJMGMIRX MX SRP] QIERW XLEX RS HMVIGX EXXEGO GER FI QEHI
;LEX [I GER HS MW WMQTP] XS GSRGIRXVEXI EPP SYV EZEMPEFPI
WXVIRKXL OIIT E GPSWI [EXGL SR XLI IRIQ] ERH SFXEMR
VIMRJSVGIQIRXW

,I [LS I\IVGMWIW RS JSVIXLSYKLX FYX QEOIW PMKLX SJ LMW


STTSRIRXW MW WYVI XS FI GETXYVIH F] XLIQ

-J WSPHMIVW EVI TYRMWLIH FIJSVI XLI] LEZI KVS[R EXXEGLIH XS


]SY XLI] [MPP RSX TVSZI WYFQMWWMZI ERH YRPIWW WYFQMWWMZI XLIR
[MPP FI TVEGXMGEPP] YWIPIWW -J [LIR XLI WSPHMIVW LEZI FIGSQI
EXXEGLIH XS ]SY TYRMWLQIRXW EVI RSX IRJSVGIH XLI] [MPP WXMPP FI
YRPIWW

8LIVIJSVI WSPHMIVW QYWX FI XVIEXIH MR XLI JMVWX MRWXERGI [MXL


LYQERMX] FYX OITX YRHIV GSRXVSP F] QIERW SJ MVSR HMWGMTPMRI 8LMW
MW E GIVXEMR VSEH XS ZMGXSV]

-J MR XVEMRMRK WSPHMIVW GSQQERHW EVI LEFMXYEPP] IRJSVGIH XLI


EVQ] [MPP FI [IPP HMWGMTPMRIH MJ RSX MXW HMWGMTPMRI [MPP FI FEH

-J E KIRIVEP WLS[W GSRJMHIRGI MR LMW QIR FYX EP[E]W MRWMWXW SR


LMW SVHIVW FIMRK SFI]IH XLI KEMR [MPP FI QYXYEP

[[[ WYRX^YWEMH GSQ


',%48)6 8)66%-2

7YR 8^Y WEMH ;I QE] HMWXMRKYMWL WM\ OMRHW SJ XIVVEMR XS [MX


%GGIWWMFPI KVSYRH IRXERKPMRK KVSYRH XIQTSVM^MRK
KVSYRH REVVS[ TEWWIW TVIGMTMXSYW LIMKLXW TSWMXMSRW
EX E KVIEX HMWXERGI JVSQ XLI IRIQ]

+VSYRH [LMGL GER FI JVIIP] XVEZIVWIH F] FSXL WMHIW MW GEPPIH


%'')77-&0)

;MXL VIKEVH XS KVSYRH SJ XLMW REXYVI FI FIJSVI XLI IRIQ] MR


SGGYT]MRK XLI VEMWIH ERH WYRR] WTSXW ERH GEVIJYPP] KYEVH ]SYV
PMRI SJ WYTTPMIW 8LIR ]SY [MPP FI EFPI XS JMKLX [MXL EHZERXEKI

+VSYRH [LMGL GER FI EFERHSRIH FYX MW LEVH XS VI SGGYT] MW


GEPPIH )28%2+0-2+

*VSQ E TSWMXMSR SJ XLMW WSVX MJ XLI IRIQ] MW YRTVITEVIH ]SY


QE] WEPP] JSVXL ERH HIJIEX LMQ &YX MJ XLI IRIQ] MW TVITEVIH JSV
]SYV GSQMRK ERH ]SY JEMP XS HIJIEX LMQ XLIR VIXYVR FIMRK
MQTSWWMFPI HMWEWXIV [MPP IRWYI

;LIR XLI TSWMXMSR MW WYGL XLEX RIMXLIV WMHI [MPP KEMR F] QEOMRK
XLI JMVWX QSZI MX MW GEPPIH 8)1436->-2+ KVSYRH

-R E TSWMXMSR SJ XLMW WSVX IZIR XLSYKL XLI IRIQ] WLSYPH SJJIV


YW ER EXXVEGXMZI FEMX MX [MPP FI EHZMWEFPI RSX XS WXMV JSVXL FYX
VEXLIV XS VIXVIEX XLYW IRXMGMRK XLI IRIQ] MR LMW XYVR XLIR [LIR
TEVX SJ LMW EVQ] LEW GSQI SYX [I QE] HIPMZIV SYV EXXEGO [MXL
EHZERXEKI

;MXL VIKEVH XS 2%663; 4%77)7 MJ ]SY GER SGGYT] XLIQ JMVWX


PIX XLIQ FI WXVSRKP] KEVVMWSRIH ERH E[EMX XLI EHZIRX SJ XLI
IRIQ]

[[[ WYRX^YWEMH GSQ


7LSYPH XLI EVQ] JSVIWXEPP ]SY MR SGGYT]MRK E TEWW HS RSX KS
EJXIV LMQ MJ XLI TEWW MW JYPP] KEVVMWSRIH FYX SRP] MJ MX MW [IEOP]
KEVVMWSRIH

;MXL VIKEVH XS 46)'-4-8397 ,)-+,87 MJ ]SY EVI FIJSVILERH


[MXL ]SYV EHZIVWEV] ]SY WLSYPH SGGYT] XLI VEMWIH ERH WYRR]
WTSXW ERH XLIVI [EMX JSV LMQ XS GSQI YT

-J XLI IRIQ] LEW SGGYTMIH XLIQ FIJSVI ]SY HS RSX JSPPS[


LMQ FYX VIXVIEX ERH XV] XS IRXMGI LMQ E[E]

-J ]SY EVI WMXYEXIH EX E KVIEX HMWXERGI JVSQ XLI IRIQ] ERH


XLI WXVIRKXL SJ XLI X[S EVQMIW MW IUYEP MX MW RSX IEW] XS TVSZSOI
E FEXXPI ERH JMKLXMRK [MPP FI XS ]SYV HMWEHZERXEKI

8LIWI WM\ EVI XLI TVMRGMTPIW GSRRIGXIH [MXL )EVXL 8LI KIRIVEP
[LS LEW EXXEMRIH E VIWTSRWMFPI TSWX QYWX FI GEVIJYP XS WXYH]
XLIQ

2S[ ER EVQ] MW I\TSWIH XS WM\ WIZIVEP GEPEQMXMIW RSX EVMWMRK


JVSQ REXYVEP GEYWIW FYX JVSQ JEYPXW JSV [LMGL XLI KIRIVEP MW
VIWTSRWMFPI 8LIWI EVI *PMKLX MRWYFSVHMREXMSR
GSPPETWI VYMR HMWSVKERM^EXMSR VSYX

3XLIV GSRHMXMSRW FIMRK IUYEP MJ SRI JSVGI MW LYVPIH EKEMRWX


ERSXLIV XIR XMQIW MXW WM^I XLI VIWYPX [MPP FI XLI *0-+,8 SJ XLI
JSVQIV

;LIR XLI GSQQSR WSPHMIVW EVI XSS WXVSRK ERH XLIMV SJJMGIVW
XSS [IEO XLI VIWYPX MW -279&36(-2%8-32 ;LIR XLI SJJMGIVW EVI
XSS WXVSRK ERH XLI GSQQSR WSPHMIVW XSS [IEO XLI VIWYPX MW
'300%47)

;LIR XLI LMKLIV SJJMGIVW EVI ERKV] ERH MRWYFSVHMREXI ERH SR


QIIXMRK XLI IRIQ] KMZI FEXXPI SR XLIMV S[R EGGSYRX JVSQ E

[[[ WYRX^YWEMH GSQ


JIIPMRK SJ VIWIRXQIRX FIJSVI XLI GSQQERHIV MR GLMIJ GER XIPP
[LIXLIV SV RS LI MW MR E TSWMXMSR XS JMKLX XLI VIWYPX MW 69-2

;LIR XLI KIRIVEP MW [IEO ERH [MXLSYX EYXLSVMX] [LIR LMW


SVHIVW EVI RSX GPIEV ERH HMWXMRGX [LIR XLIVI EVI RS JM\IW HYXMIW
EWWMKRIH XS SJJMGIVW ERH QIR ERH XLI VEROW EVI JSVQIH MR E
WPSZIRP] LETLE^EVH QERRIV XLI VIWYPX MW YXXIV
(-736+%2->%8-32

;LIR E KIRIVEP YREFPI XS IWXMQEXI XLI IRIQ] W WXVIRKXL


EPPS[W ER MRJIVMSV JSVGI XS IRKEKI E PEVKIV SRI SV LYVPW E [IEO
HIXEGLQIRX EKEMRWX E TS[IVJYP SRI ERH RIKPIGXW XS TPEGI TMGOIH
WSPHMIVW MR XLI JVSRX VERO XLI VIWYPX QYWX FI 6398

8LIWI EVI WM\ [E]W SJ GSYVXMRK HIJIEX [LMGL QYWX FI


GEVIJYPP] RSXIH F] XLI KIRIVEP [LS LEW EXXEMRIH E VIWTSRWMFPI
TSWX

8LI REXYVEP JSVQEXMSR SJ XLI GSYRXV] MW XLI WSPHMIV W FIWX EPP]


FYX E TS[IV SJ IWXMQEXMRK XLI EHZIVWEV] SJ GSRXVSPPMRK XLI JSVGIW
SJ ZMGXSV] ERH SJ WLVI[HP] GEPGYPEXMRK HMJJMGYPXMIW HERKIVW ERH
HMWXERGIW GSRWXMXYXIW XLI XIWX SJ E KVIEX KIRIVEP

,I [LS ORS[W XLIWI XLMRKW ERH MR JMKLXMRK TYXW LMW


ORS[PIHKI MRXS TVEGXMGI [MPP [MR LMW FEXXPIW ,I [LS ORS[W XLIQ
RSX RSV TVEGXMGIW XLIQ [MPP WYVIP] FI HIJIEXIH

-J JMKLXMRK MW WYVI XS VIWYPX MR ZMGXSV] XLIR ]SY QYWX JMKLX


IZIR XLSYKL XLI VYPIV JSVFMH MX MJ JMKLXMRK [MPP RSX VIWYPX MR ZMGXSV]
XLIR ]SY QYWX RSX JMKLX IZIR EX XLI VYPIV W FMHHMRK

8LI KIRIVEP [LS EHZERGIW [MXLSYX GSZIXMRK JEQI ERH


VIXVIEXW [MXLSYX JIEVMRK HMWKVEGI [LSWI SRP] XLSYKLX MW XS
TVSXIGX LMW GSYRXV] ERH HS KSSH WIVZMGI JSV LMW WSZIVIMKR MW XLI
NI[IP SJ XLI OMRKHSQ

[[[ WYRX^YWEMH GSQ


6IKEVH ]SYV WSPHMIVW EW ]SYV GLMPHVIR ERH XLI] [MPP JSPPS[ ]SY
MRXS XLI HIITIWX ZEPPI]W PSSO YTSR XLIQ EW ]SYV S[R FIPSZIH
WSRW ERH XLI] [MPP WXERH F] ]SY IZIR YRXS HIEXL

-J LS[IZIV ]SY EVI MRHYPKIRX FYX YREFPI XS QEOI ]SYV


EYXLSVMX] JIPX OMRH LIEVXIH FYX YREFPI XS IRJSVGI ]SYV
GSQQERHW ERH MRGETEFPI QSVISZIV SJ UYIPPMRK HMWSVHIV XLIR
]SYV WSPHMIVW QYWX FI PMOIRIH XS WTSMPX GLMPHVIR XLI] EVI YWIPIWW
JSV ER] TVEGXMGEP TYVTSWI

-J [I ORS[ XLEX SYV S[R QIR EVI MR E GSRHMXMSR XS EXXEGO FYX


EVI YRE[EVI XLEX XLI IRIQ] MW RSX STIR XS EXXEGO [I LEZI KSRI
SRP] LEPJ[E] XS[EVHW ZMGXSV]

-J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO FYX EVI YRE[EVI


XLEX SYV S[R QIR EVI RSX MR E GSRHMXMSR XS EXXEGO [I LEZI KSRI
SRP] LEPJ[E] XS[EVHW ZMGXSV]

-J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO ERH EPWS ORS[


XLEX SYV QIR EVI MR E GSRHMXMSR XS EXXEGO FYX EVI YRE[EVI XLEX
XLI REXYVI SJ XLI KVSYRH QEOIW JMKLXMRK MQTVEGXMGEFPI [I LEZI
WXMPP KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV]

,IRGI XLI I\TIVMIRGIH WSPHMIV SRGI MR QSXMSR MW RIZIV


FI[MPHIVIH SRGI LI LEW FVSOIR GEQT LI MW RIZIV EX E PSWW

,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ
]SYV ZMGXSV] [MPP RSX WXERH MR HSYFX MJ ]SY ORS[ ,IEZIR ERH
ORS[ )EVXL ]SY QE] QEOI ]SYV ZMGXSV] GSQTPIXI

[[[ WYRX^YWEMH GSQ


',%48)6 8,) 2-2) 7-89%8-327

7YR 8^Y WEMH 8LI EVX SJ [EV VIGSKRM^IW RMRI ZEVMIXMIW SJ


KVSYRH (MWTIVWMZI KVSYRH JEGMPI KVSYRH GSRXIRXMSYW
KVSYRH STIR KVSYRH KVSYRH SJ MRXIVWIGXMRK LMKL[E]W
WIVMSYW KVSYRH HMJJMGYPX KVSYRH LIQQIH MR KVSYRH
HIWTIVEXI KVSYRH

;LIR E GLMIJXEMR MW JMKLXMRK MR LMW S[R XIVVMXSV] MX MW HMWTIVWMZI


KVSYRH

;LIR LI LEW TIRIXVEXIH MRXS LSWXMPI XIVVMXSV] FYX XS RS KVIEX


HMWXERGI MX MW JEGMPI KVSYRH

+VSYRH XLI TSWWIWWMSR SJ [LMGL MQTSVXW KVIEX EHZERXEKI XS


IMXLIV WMHI MW GSRXIRXMSYW KVSYRH

+VSYRH SR [LMGL IEGL WMHI LEW PMFIVX] SJ QSZIQIRX MW STIR


KVSYRH

+VSYRH [LMGL JSVQW XLI OI] XS XLVII GSRXMKYSYW WXEXIW WS XLEX


LI [LS SGGYTMIW MX JMVWX LEW QSWX SJ XLI )QTMVI EX LMW GSQQERH
MW E KVSYRH SJ MRXIVWIGXMRK LMKL[E]W

;LIR ER EVQ] LEW TIRIXVEXIH MRXS XLI LIEVX SJ E LSWXMPI


GSYRXV] PIEZMRK E RYQFIV SJ JSVXMJMIH GMXMIW MR MXW VIEV MX MW WIVMSYW
KVSYRH

1SYRXEMR JSVIWXW VYKKIH WXIITW QEVWLIW ERH JIRW EPP


GSYRXV] XLEX MW LEVH XS XVEZIVWI XLMW MW HMJJMGYPX KVSYRH

+VSYRH [LMGL MW VIEGLIH XLVSYKL REVVS[ KSVKIW ERH JVSQ


[LMGL [I GER SRP] VIXMVI F] XSVXYSYW TEXLW WS XLEX E WQEPP
RYQFIV SJ XLI IRIQ] [SYPH WYJJMGI XS GVYWL E PEVKI FSH] SJ SYV
QIR XLMW MW LIQQIH MR KVSYRH

[[[ WYRX^YWEMH GSQ


+VSYRH SR [LMGL [I GER SRP] FI WEZIH JVSQ HIWXVYGXMSR F]
JMKLXMRK [MXLSYX HIPE] MW HIWTIVEXI KVSYRH

3R HMWTIVWMZI KVSYRH XLIVIJSVI JMKLX RSX 3R JEGMPI KVSYRH


LEPX RSX 3R GSRXIRXMSYW KVSYRH EXXEGO RSX

3R STIR KVSYRH HS RSX XV] XS FPSGO XLI IRIQ] W [E] 3R XLI


KVSYRH SJ MRXIVWIGXMRK LMKL[E]W NSMR LERHW [MXL ]SYV EPPMIW

3R WIVMSYW KVSYRH KEXLIV MR TPYRHIV -R HMJJMGYPX KVSYRH


OIIT WXIEHMP] SR XLI QEVGL

3R LIQQIH MR KVSYRH VIWSVX XS WXVEXEKIQ 3R HIWTIVEXI


KVSYRH JMKLX

8LSWI [LS [IVI GEPPIH WOMPPJYP PIEHIVW SJ SPH ORI[ LS[ XS


HVMZI E [IHKI FIX[IIR XLI IRIQ] W JVSRX ERH VIEV XS TVIZIRX
GS STIVEXMSR FIX[IIR LMW PEVKI ERH WQEPP HMZMWMSRW XS LMRHIV XLI
KSSH XVSSTW JVSQ VIWGYMRK XLI FEH XLI SJJMGIVW JVSQ VEPP]MRK XLIMV
QIR

;LIR XLI IRIQ] W QIR [IVI YRMXIH XLI] QEREKIH XS OIIT


XLIQ MR HMWSVHIV

;LIR MX [EW XS XLIMV EHZERXEKI XLI] QEHI E JSV[EVH QSZI


[LIR SXLIV[MWI XLI] WXSTTIH WXMPP

-J EWOIH LS[ XS GSTI [MXL E KVIEX LSWX SJ XLI IRIQ] MR


SVHIVP] EVVE] ERH SR XLI TSMRX SJ QEVGLMRK XS XLI EXXEGO - WLSYPH
WE] &IKMR F] WIM^MRK WSQIXLMRK [LMGL ]SYV STTSRIRX LSPHW
HIEV XLIR LI [MPP FI EQIREFPI XS ]SYV [MPP

6ETMHMX] MW XLI IWWIRGI SJ [EV XEOI EHZERXEKI SJ XLI IRIQ] W


YRVIEHMRIWW QEOI ]SYV [E] F] YRI\TIGXIH VSYXIW ERH EXXEGO
YRKYEVHIH WTSXW

[[[ WYRX^YWEMH GSQ


8LI JSPPS[MRK EVI XLI TVMRGMTPIW XS FI SFWIVZIH F] ER MRZEHMRK
JSVGI 8LI JYVXLIV ]SY TIRIXVEXI MRXS E GSYRXV] XLI KVIEXIV [MPP
FI XLI WSPMHEVMX] SJ ]SYV XVSSTW ERH XLYW XLI HIJIRHIVW [MPP RSX
TVIZEMP EKEMRWX ]SY

1EOI JSVE]W MR JIVXMPI GSYRXV] MR SVHIV XS WYTTP] ]SYV EVQ]


[MXL JSSH

'EVIJYPP] WXYH] XLI [IPP FIMRK SJ ]SYV QIR ERH HS RSX


SZIVXE\ XLIQ 'SRGIRXVEXI ]SYV IRIVK] ERH LSEVH ]SYV WXVIRKXL
/IIT ]SYV EVQ] GSRXMRYEPP] SR XLI QSZI ERH HIZMWI
YRJEXLSQEFPI TPERW

8LVS[ ]SYV WSPHMIVW MRXS TSWMXMSRW [LIRGI XLIVI MW RS IWGETI


ERH XLI] [MPP TVIJIV HIEXL XS JPMKLX -J XLI] [MPP JEGI HIEXL XLIVI MW
RSXLMRK XLI] QE] RSX EGLMIZI 3JJMGIVW ERH QIR EPMOI [MPP TYX
JSVXL XLIMV YXXIVQSWX WXVIRKXL

7SPHMIVW [LIR MR HIWTIVEXI WXVEMXW PSWI XLI WIRWI SJ JIEV -J


XLIVI MW RS TPEGI SJ VIJYKI XLI] [MPP WXERH JMVQ -J XLI] EVI MR
LSWXMPI GSYRXV] XLI] [MPP WLS[ E WXYFFSVR JVSRX -J XLIVI MW RS
LIPT JSV MX XLI] [MPP JMKLX LEVH

8LYW [MXLSYX [EMXMRK XS FI QEVWLEPIH XLI WSPHMIVW [MPP FI


GSRWXERXP] SR XLI UYM ZMZI [MXLSYX [EMXMRK XS FI EWOIH XLI] [MPP
HS ]SYV [MPP [MXLSYX VIWXVMGXMSRW XLI] [MPP FI JEMXLJYP [MXLSYX
KMZMRK SVHIVW XLI] GER FI XVYWXIH

4VSLMFMX XLI XEOMRK SJ SQIRW ERH HS E[E] [MXL WYTIVWXMXMSYW


HSYFXW 8LIR YRXMP HIEXL MXWIPJ GSQIW RS GEPEQMX] RIIH FI
JIEVIH

-J SYV WSPHMIVW EVI RSX SZIVFYVHIRIH [MXL QSRI] MX MW RSX


FIGEYWI XLI] LEZI E HMWXEWXI JSV VMGLIW MJ XLIMV PMZIW EVI RSX
YRHYP] PSRK MX MW RSX FIGEYWI XLI] EVI HMWMRGPMRIH XS PSRKIZMX]

[[[ WYRX^YWEMH GSQ


3R XLI HE] XLI] EVI SVHIVIH SYX XS FEXXPI ]SYV WSPHMIVW QE]
[IIT XLSWI WMXXMRK YT FIHI[MRK XLIMV KEVQIRXW ERH XLSWI P]MRK
HS[R PIXXMRK XLI XIEVW VYR HS[R XLIMV GLIIOW &YX PIX XLIQ SRGI
FI FVSYKLX XS FE] ERH XLI] [MPP HMWTPE] XLI GSYVEKI SJ E 'LY SV E
/YIM

8LI WOMPPJYP XEGXMGMER QE] FI PMOIRIH XS XLI 7,9%- .%2 2S[


XLI 7,9%- .%2 MW E WREOI XLEX MW JSYRH MR XLI 'LDERK QSYRXEMRW
7XVMOI EX MXW LIEH ERH ]SY [MPP FI EXXEGOIH F] MXW XEMP WXVMOI EX MXW
XEMP ERH ]SY [MPP FI EXXEGOIH F] MXW LIEH WXVMOI EX MXW QMHHPI ERH
]SY [MPP FI EXXEGOIH F] LIEH ERH XEMP FSXL

%WOIH MJ ER EVQ] GER FI QEHI XS MQMXEXI XLI 7,9%- .%2 -


WLSYPH ERW[IV =IW *SV XLI QIR SJ ;Y ERH XLI QIR SJ =YIL EVI
IRIQMIW ]IX MJ XLI] EVI GVSWWMRK E VMZIV MR XLI WEQI FSEX ERH EVI
GEYKLX F] E WXSVQ XLI] [MPP GSQI XS IEGL SXLIV W EWWMWXERGI NYWX
EW XLI PIJX LERH LIPTW XLI VMKLX

,IRGI MX MW RSX IRSYKL XS TYX SRI W XVYWX MR XLI XIXLIVMRK SJ


LSVWIW ERH XLI FYV]MRK SJ GLEVMSX [LIIPW MR XLI KVSYRH

8LI TVMRGMTPI SR [LMGL XS QEREKI ER EVQ] MW XS WIX YT SRI


WXERHEVH SJ GSYVEKI [LMGL EPP QYWX VIEGL

,S[ XS QEOI XLI FIWX SJ FSXL WXVSRK ERH [IEO XLEX MW E


UYIWXMSR MRZSPZMRK XLI TVSTIV YWI SJ KVSYRH

8LYW XLI WOMPPJYP KIRIVEP GSRHYGXW LMW EVQ] NYWX EW XLSYKL LI


[IVI PIEHMRK E WMRKPI QER [MPP] RMPP] F] XLI LERH

-X MW XLI FYWMRIWW SJ E KIRIVEP XS FI UYMIX ERH XLYW IRWYVI


WIGVIG] YTVMKLX ERH NYWX ERH XLYW QEMRXEMR SVHIV

,I QYWX FI EFPI XS Q]WXMJ] LMW SJJMGIVW ERH QIR F] JEPWI


VITSVXW ERH ETTIEVERGIW ERH XLYW OIIT XLIQ MR XSXEP MKRSVERGI

[[[ WYRX^YWEMH GSQ


&] EPXIVMRK LMW EVVERKIQIRXW ERH GLERKMRK LMW TPERW LI
OIITW XLI IRIQ] [MXLSYX HIJMRMXI ORS[PIHKI &] WLMJXMRK LMW GEQT
ERH XEOMRK GMVGYMXSYW VSYXIW LI TVIZIRXW XLI IRIQ] JVSQ
ERXMGMTEXMRK LMW TYVTSWI

%X XLI GVMXMGEP QSQIRX XLI PIEHIV SJ ER EVQ] EGXW PMOI SRI


[LS LEW GPMQFIH YT E LIMKLX ERH XLIR OMGOW E[E] XLI PEHHIV
FILMRH LMQ ,I GEVVMIW LMW QIR HIIT MRXS LSWXMPI XIVVMXSV] FIJSVI
LI WLS[W LMW LERH

,I FYVRW LMW FSEXW ERH FVIEOW LMW GSSOMRK TSXW PMOI E


WLITLIVH HVMZMRK E JPSGO SJ WLIIT LI HVMZIW LMW QIR XLMW [E] ERH
XLEX ERH RSXLMRK ORS[W [LMXLIV LI MW KSMRK

8S QYWXIV LMW LSWX ERH FVMRK MX MRXS HERKIV XLMW QE] FI


XIVQIH XLI FYWMRIWW SJ XLI KIRIVEP

8LI HMJJIVIRX QIEWYVIW WYMXIH XS XLI RMRI ZEVMIXMIW SJ KVSYRH


XLI I\TIHMIRG] SJ EKKVIWWMZI SV HIJIRWMZI XEGXMGW ERH XLI
JYRHEQIRXEP PE[W SJ LYQER REXYVI XLIWI EVI XLMRKW XLEX QYWX
QSWX GIVXEMRP] FI WXYHMIH

;LIR MRZEHMRK LSWXMPI XIVVMXSV] XLI KIRIVEP TVMRGMTPI MW XLEX


TIRIXVEXMRK HIITP] FVMRKW GSLIWMSR TIRIXVEXMRK FYX E WLSVX [E]
QIERW HMWTIVWMSR

;LIR ]SY PIEZI ]SYV S[R GSYRXV] FILMRH ERH XEOI ]SYV
EVQ] EGVSWW RIMKLFSVLSSH XIVVMXSV] ]SY JMRH ]SYVWIPJ SR GVMXMGEP
KVSYRH ;LIR XLIVI EVI QIERW SJ GSQQYRMGEXMSR SR EPP JSYV
WMHIW XLI KVSYRH MW SRI SJ MRXIVWIGXMRK LMKL[E]W

;LIR ]SY TIRIXVEXI HIITP] MRXS E GSYRXV] MX MW WIVMSYW


KVSYRH ;LIR ]SY TIRIXVEXI FYX E PMXXPI [E] MX MW JEGMPI KVSYRH

[[[ WYRX^YWEMH GSQ


;LIR ]SY LEZI XLI IRIQ] W WXVSRKLSPHW SR ]SYV VIEV ERH
REVVS[ TEWWIW MR JVSRX MX MW LIQQIH MR KVSYRH ;LIR XLIVI MW RS
TPEGI SJ VIJYKI EX EPP MX MW HIWTIVEXI KVSYRH

8LIVIJSVI SR HMWTIVWMZI KVSYRH - [SYPH MRWTMVI Q] QIR [MXL


YRMX] SJ TYVTSWI 3R JEGMPI KVSYRH - [SYPH WII XLEX XLIVI MW GPSWI
GSRRIGXMSR FIX[IIR EPP TEVXW SJ Q] EVQ]

3R GSRXIRXMSYW KVSYRH - [SYPH LYVV] YT Q] VIEV

3R STIR KVSYRH - [SYPH OIIT E ZMKMPERX I]I SR Q] HIJIRWIW


3R KVSYRH SJ MRXIVWIGXMRK LMKL[E]W - [SYPH GSRWSPMHEXI Q]
EPPMERGIW

3R WIVMSYW KVSYRH - [SYPH XV] XS IRWYVI E GSRXMRYSYW WXVIEQ


SJ WYTTPMIW 3R HMJJMGYPX KVSYRH - [SYPH OIIT TYWLMRK SR EPSRK
XLI VSEH

3R LIQQIH MR KVSYRH - [SYPH FPSGO ER] [E] SJ VIXVIEX 3R


HIWTIVEXI KVSYRH - [SYPH TVSGPEMQ XS Q] WSPHMIVW XLI
LSTIPIWWRIWW SJ WEZMRK XLIMV PMZIW

*SV MX MW XLI WSPHMIV W HMWTSWMXMSR XS SJJIV ER SFWXMREXI


VIWMWXERGI [LIR WYVVSYRHIH XS JMKLX LEVH [LIR LI GERRSX LIPT
LMQWIPJ ERH XS SFI] TVSQTXP] [LIR LI LEW JEPPIR MRXS HERKIV

;I GERRSX IRXIV MRXS EPPMERGI [MXL RIMKLFSVMRK TVMRGIW YRXMP


[I EVI EGUYEMRXIH [MXL XLIMV HIWMKRW ;I EVI RSX JMX XS PIEH ER
EVQ] SR XLI QEVGL YRPIWW [I EVI JEQMPMEV [MXL XLI JEGI SJ XLI
GSYRXV] MXW QSYRXEMRW ERH JSVIWXW MXW TMXJEPPW ERH TVIGMTMGIW MXW
QEVWLIW ERH W[EQTW ;I WLEPP FI YREFPI XS XYVR REXYVEP
EHZERXEKIW XS EGGSYRX YRPIWW [I QEOI YWI SJ PSGEP KYMHIW

8S FI MKRSVIH SJ ER] SRI SJ XLI JSPPS[MRK JSYV SV JMZI


TVMRGMTPIW HSIW RSX FIJMX E [EVPMOI TVMRGI

[[[ WYRX^YWEMH GSQ


;LIR E [EVPMOI TVMRGI EXXEGOW E TS[IVJYP WXEXI LMW
KIRIVEPWLMT WLS[W MXWIPJ MR TVIZIRXMRK XLI GSRGIRXVEXMSR SJ XLI
IRIQ] W JSVGIW ,I SZIVE[IW LMW STTSRIRXW ERH XLIMV EPPMIW EVI
TVIZIRXIH JVSQ NSMRMRK EKEMRWX LMQ

,IRGI LI HSIW RSX WXVMZI XS EPP] LMQWIPJ [MXL EPP ERH WYRHV]
RSV HSIW LI JSWXIV XLI TS[IV SJ SXLIV WXEXIW ,I GEVVMIW SYX LMW
S[R WIGVIX HIWMKRW OIITMRK LMW ERXEKSRMWXW MR E[I 8LYW LI MW
EFPI XS GETXYVI XLIMV GMXMIW ERH SZIVXLVS[ XLIMV OMRKHSQW

&IWXS[ VI[EVHW [MXLSYX VIKEVH XS VYPI MWWYI SVHIVW [MXLSYX


VIKEVH XS TVIZMSYW EVVERKIQIRXW ERH ]SY [MPP FI EFPI XS LERHPI
E [LSPI EVQ] EW XLSYKL ]SY LEH XS HS [MXL FYX E WMRKPI QER

'SRJVSRX ]SYV WSPHMIVW [MXL XLI HIIH MXWIPJ RIZIV PIX XLIQ
ORS[ ]SYV HIWMKR ;LIR XLI SYXPSSO MW FVMKLX FVMRK MX FIJSVI
XLIMV I]IW FYX XIPP XLIQ RSXLMRK [LIR XLI WMXYEXMSR MW KPSSQ]

4PEGI ]SYV EVQ] MR HIEHP] TIVMP ERH MX [MPP WYVZMZI TPYRKI MX


MRXS HIWTIVEXI WXVEMXW ERH MX [MPP GSQI SJJ MR WEJIX]

*SV MX MW TVIGMWIP] [LIR E JSVGI LEW JEPPIR MRXS LEVQ W [E] XLEX
MW GETEFPI SJ WXVMOMRK E FPS[ JSV ZMGXSV]

7YGGIWW MR [EVJEVI MW KEMRIH F] GEVIJYPP] EGGSQQSHEXMRK


SYVWIPZIW XS XLI IRIQ] W TYVTSWI

&] TIVWMWXIRXP] LERKMRK SR XLI IRIQ] W JPERO [I WLEPP


WYGGIIH MR XLI PSRK VYR MR OMPPMRK XLI GSQQERHIV MR GLMIJ

8LMW MW GEPPIH EFMPMX] XS EGGSQTPMWL E XLMRK F] WLIIV GYRRMRK

3R XLI HE] XLEX ]SY XEOI YT ]SYV GSQQERH FPSGO XLI


JVSRXMIV TEWWIW HIWXVS] XLI SJJMGMEP XEPPMIW ERH WXST XLI TEWWEKI
SJ EPP IQMWWEVMIW

[[[ WYRX^YWEMH GSQ


&I WXIVR MR XLI GSYRGMP GLEQFIV WS XLEX ]SY QE] GSRXVSP XLI
WMXYEXMSR

-J XLI IRIQ] PIEZIW E HSSV STIR ]SY QYWX VYWL MR

*SVIWXEPP ]SYV STTSRIRX F] WIM^MRK [LEX LI LSPHW HIEV ERH


WYFXP] GSRXVMZI XS XMQI LMW EVVMZEP SR XLI KVSYRH

;EPO MR XLI TEXL HIJMRIH F] VYPI ERH EGGSQQSHEXI ]SYVWIPJ


XS XLI IRIQ] YRXMP ]SY GER JMKLX E HIGMWMZI FEXXPI

%X JMVWX XLIR I\LMFMX XLI GS]RIWW SJ E QEMHIR YRXMP XLI


IRIQ] KMZIW ]SY ER STIRMRK EJXIV[EVHW IQYPEXI XLI VETMHMX] SJ E
VYRRMRK LEVI ERH MX [MPP FI XSS PEXI JSV XLI IRIQ] XS STTSWI ]SY

[[[ WYRX^YWEMH GSQ


',%48)6 8,) %88%'/ &= *-6)

7YR 8^Y WEMH 8LIVI EVI JMZI [E]W SJ EXXEGOMRK [MXL JMVI 8LI
JMVWX MW XS FYVR WSPHMIVW MR XLIMV GEQT XLI WIGSRH MW XS FYVR
WXSVIW XLI XLMVH MW XS FYVR FEKKEKI XVEMRW XLI JSYVXL MW XS FYVR
EVWIREPW ERH QEKE^MRIW XLI JMJXL MW XS LYVP HVSTTMRK JMVI EQSRKWX
XLI IRIQ]

-R SVHIV XS GEVV] SYX ER EXXEGO [I QYWX LEZI QIERW EZEMPEFPI


XLI QEXIVMEP JSV VEMWMRK JMVI WLSYPH EP[E]W FI OITX MR VIEHMRIWW

8LIVI MW E TVSTIV WIEWSR JSV QEOMRK EXXEGOW [MXL JMVI ERH


WTIGMEP HE]W JSV WXEVXMRK E GSRJPEKVEXMSR

8LI TVSTIV WIEWSR MW [LIR XLI [IEXLIV MW ZIV] HV] XLI WTIGMEP
HE]W EVI XLSWI [LIR XLI QSSR MW MR XLI GSRWXIPPEXMSRW SJ XLI
7MIZI XLI ;EPP XLI ;MRK SV XLI 'VSWW FEV JSV XLIWI JSYV EVI EPP
HE]W SJ VMWMRK [MRH

-R EXXEGOMRK [MXL JMVI SRI WLSYPH FI TVITEVIH XS QIIX JMZI


TSWWMFPI HIZIPSTQIRXW

;LIR JMVI FVIEOW SYX MRWMHI XS IRIQ] W GEQT VIWTSRH EX


SRGI [MXL ER EXXEGO JVSQ [MXLSYX

-J XLIVI MW ER SYXFVIEO SJ JMVI FYX XLI IRIQ] W WSPHMIVW


VIQEMR UYMIX FMHI ]SYV XMQI ERH HS RSX EXXEGO

;LIR XLI JSVGI SJ XLI JPEQIW LEW VIEGLIH MXW LIMKLX JSPPS[
MX YT [MXL ER EXXEGO MJ XLEX MW TVEGXMGEFPI MJ RSX WXE] [LIVI ]SY
EVI

-J MX MW TSWWMFPI XS QEOI ER EWWEYPX [MXL JMVI JVSQ [MXLSYX


HS RSX [EMX JSV MX XS FVIEO SYX [MXLMR FYX HIPMZIV ]SYV EXXEGO EX E
JEZSVEFPI QSQIRX

[[[ WYRX^YWEMH GSQ


;LIR ]SY WXEVX E JMVI FI XS [MRH[EVH SJ MX (S RSX EXXEGO
JVSQ XLI PII[EVH

% [MRH XLEX VMWIW MR XLI HE]XMQI PEWXW PSRK FYX E RMKLX FVII^I
WSSR JEPPW

-R IZIV] EVQ] XLI JMZI HIZIPSTQIRXW GSRRIGXIH [MXL JMVI


QYWX FI ORS[R XLI QSZIQIRXW SJ XLI WXEVW GEPGYPEXIH ERH E
[EXGL OITX JSV XLI TVSTIV HE]W

,IRGI XLSWI [LS YWI JMVI EW ER EMH XS XLI EXXEGO WLS[


MRXIPPMKIRGI XLSWI [LS YWI [EXIV EW ER EMH XS XLI EXXEGO KEMR ER
EGGIWWMSR SJ WXVIRKXL

&] QIERW SJ [EXIV ER IRIQ] QE] FI MRXIVGITXIH FYX RSX


VSFFIH SJ EPP LMW FIPSRKMRKW

9RLETT] MW XLI JEXI SJ SRI [LS XVMIW XS [MR LMW FEXXPIW ERH
WYGGIIH MR LMW EXXEGOW [MXLSYX GYPXMZEXMRK XLI WTMVMX SJ IRXIVTVMWI
JSV XLI VIWYPX MW [EWXI SJ XMQI ERH KIRIVEP WXEKREXMSR

,IRGI XLI WE]MRK 8LI IRPMKLXIRIH VYPIV PE]W LMW TPERW [IPP
ELIEH XLI KSSH KIRIVEP GYPXMZEXIW LMW VIWSYVGIW

1SZI RSX YRPIWW ]SY WII ER EHZERXEKI YWI RSX ]SYV XVSSTW
YRPIWW XLIVI MW WSQIXLMRK XS FI KEMRIH JMKLX RSX YRPIWW XLI
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