XXXS7/SM/F47MO7F/JD Gn_ªđkn£n_
}tĤªn_ª_kn£n_ô ªn_ª_kn£n_
" & " " -
$ $ -
G ¿¼f_ k_ _ _ _k£¿¼fz ¶}k¿ž¶ Gn_ªô G¶žf¼ £nª_ £}}
£}s _ _¶_Á}n£¿¼ £¼e ªn e_¤} ă _ªtnô G ¶_¤}n ¶ž }nu
¿ek¶__ ¿£ª__ f__ u__ _£ª¼f¿¼fz e_¿ž¶ô R£}_¼ _ªtnn ª
nk¼¼ ¤_kñ ªž¼ Án k¶_k¿}g (£}sf}_ k fz_nô
- & -+ " & ¡ - -
£_n ¿__ z}£ª}_ k¿}nnu B¿n¶f¿¼_ _ªn¶}ñ ªž¼ £¶} £¼ªn
n ¿nu £_ ª¼ _¿n ¶}nk¿}__ ¿£ª_n ¶ fznn £fnn}}
Gn_ª }ô ô zô đkn£n_ ¶ *e}}n ª nk¼¼ ªn_ª ¶ }n¤f}nñ ªžnu tnª_ nnª_¶_ } nk_f¼_ n£ª ¿¼ Á¼f} fzn¼fz £¿sªž¶ñ ¶ ª¶_¿¼£ª¶}n £_ž¶ } ¿__fzž¶ô
¿nkn ¶£¿¼£ª} £}n¶__ k ¶}k¶} k¿}nf}sfnô 6k ¶£ª_}_ñ à uk}_ ÛãßÞ Āk _¿¶b Gn_ª R£¿¼£ª}n £ª_f} e_} ¶£ª_b _ f¿_fz ¶}k¿_ô
*_} } đª_āñ k k}_ k¿}£}n£¿nu }n¿n¶_}n ¶¶_k¿_ ¶ _u}f¿¼ ¤¶}_ª ªn_ª _k£¿¼fz
}n£¿_fž¶ }_£ª_ñ }n ¿_}_bf ž¶}nÁ £nª__fz k_ k¿}nÁ¼ } ¶}k¿ž¶ k£¼fzô
$
$ G¶žf¼ £nª_ ¿ f_nu ¶_ ¶}n¤f} 0}_fz ¶¼e_} ªn _e_k¿}n
ĉ_u}f¿nċô ¿_¼ ¶ ªn_ª¿n ke¼¶_b £}s ¿¼ f¼ _n£¿_ô G ¶_¤}n
R}¿¼ª_ ¶ ªn_ª¿n ª }n¿¶¼n k¤¶}_kf¿n}nô Bnª_nñ ªžn n¼ ¿_¶£¿n k£ª_f¿_b _£¿¼ £_¶}ñ Án ez_ªn¶}n eskb £}s ¤f}u_g ¶ fz_fzñ ¶ks ¶ ¿nfn ¿_}n}b ¶
¶}k¿ }n¿_}_¼fz ¶_Ánô ;_u}n¼ñ _e¼ ª £ª_}n ªn_ª_n }n ¿_¼_ £}s nk¼}n _ £_} _}¶¼ £ñ _ k}_ ¿n}n} £}s ¶ nu¿ª¼f¿b kÁusô
¶}k¶}£¶nñ _n ¶¼fzk¿} ¿_ n _¼ ¿_ £_¶b ¶_¼fz ¿n¿ _£ ¶_£¿ª_ªž¶ } k¿}__
nk_f¼¼fzô 1_£¿¼ ªªn n£ª t_ ĉªn_ª ª¶_ªnuċ _ }n£f_ k£ªsnu k_ žÁ¼fz u "+ " $ - $Ř
¶}n¶¼fzñ _n ªnÁ t £¿ª} } k¿}__ô đ ¿_ªn ă ª¶}n_¼ £}s k_ R_£ò ¿e_f¿n}_ ¶ ªn_ª¿nò &_ö &_ f¿¼ £}f}ö G¼ _¿n £}f}ñ fzg ¶£¿¼£ª ¿_f¿¼_ £}s k
__Ň [ž¶
k __ŇG¼ªn£¿_ñ }n£tnu }¤_ñ ªž¼ f}n_¶¼ ¤¶}_ª_ñ £ª_n _n £}s
[__£¿_¼ k¿}nf} } k¿}nÁ k k¿}_ ¶ ¶¼bª¶¼ £}n nk_f} ªn_ª_nñ ¶ ª___ª¼ }n £}¼ £nf_}n ¿nk£ª_¶}_gô
kf¿_£ ªžnu k¿} _knf} ¿_b £nf¼t}s ªn_ª _n _¿ ¶}nk¿s užb _
ªn_ª ªn_ªô ¼ ª¿nfz £ª_ £t}_}¿n ¶sf¿n}n }}nnu fnª¼t}_ª +- ëƃ
f¿n}_ đ_kn}} đkn£n_ } _}bª} k_ f_n u¼ú_£¼ô R£¿¼£ª}n £ª_}_ G ¿¼f_ k_ ª¼fz _Ą_Ą_k£¿¼fzô G¼ª¶_ ;¼¿_ ¿_e}n¿n ¶}k¿ž¶ _
£b ¶_k¿n ¶ t}n ¶_£¿ª_ª¶n } £b k£ª£¶_n k ¶}n f¿n£ª}ž¶ô ¤f}nÁ}ñ _ ªž¼fz £__ £ª_¶}_ }n¶£¿n } } uk¿}n _£} _} ¶}k¿¶}n ub
£ª_g eu_ª¼ k¶ž¶¼ ¿¶}n¿¼}nfô (_Ákn £ª_}n ¿n ¿¶}n¿_}n ª
"/?7EF=37 D/D7A ă kf¿_£ £ª_}_ f¿n£ª}f¼ _b _¿s }n ª¼ ¿_g k£ª_¶¶n k¿_n nkf¿n¤}n £ª_}n ¿ k¶b }£nb } ¿ £} tnô
_n ªn_ª_¼fzñ _n ªn¿ £že¶_g £¶}fz £} ¶ }fz _}_f}ô
-& -ĵ" " ""
" - - R n¶¼ _u}n£} }n¤f}n ñ ¶ ªž¼ ª f¿nu _e_k¿}n _ub }n£¿_f¼
ª ¤¶}sª¼ £žñ }n£¿_ ¿_¼ } £¿_¶_¼ kª &_ }ªªnô &nu u_e}nª
;¿¼ _¿} ¶}¿¼ª¼ ¶ ªn_ª¿nñ ¿__£¿_¼ _ £ª_}n ¿ __¿n ªn_ªñ ªžnu ª_t}b ¶£_¿_g ¶£¿¼£f¼ñ _ ¶}n _fnªž¶ ª_t} ¿ne¼g ¶}nnñ ¶}nn }ñ Áne¼
_fn k _ª Án¼ k¿}¶}_g _ £fn}n } }n ª¼ô ;kf¿_£ ÜÚ}ª¶n ª¿¼_g _ks k £¼nu }ªª_ô
¿¶¼ ¶}nñ f¿¼ žÁ} £}s __ñ ªžb Á_ }g ¶ £n}nñ k ªn_ª_n
} f¿¼ ¿_e_¶_ }b n£ª ž¶}n _ª¶_ô [k_k¿} ž¶}nÁ £nnª¼ ª¶¿n}_ _n ă _
ku ª ª¶_ö ¿¼ ª _¶k_ñ Án _Ák_ __ _ £¶b k£¿sö
F8HME/3?7 O_3_79ėōHX7 (ª e¼ }n _ub £}_k_g _u}f¿nu }n¤f}n}_ö [__k_ £}s u _ _nfñ
¶¼¶}_k_ Á¼f¿n}nñ ¿nsf_ }n¤f}nŇ Á¼f¿n}n £}s £n}_ô _
1_ ¶_£¿ª_ª¼ ¿__£¿_¼ k _£¿n £}nk¿}e¼ô k¿¼fz ¶ _ª_fz áÚ ª¼fz £n}_ đ_en_ e¼ ¿¼fb e¶}b¿¶bô B}_k_
(£¿ª £ª_}_ ª Ü ¿ ¿_ £ª_}núk¿}nfô 1_ _£ª¶_ Á¼f¿n}n ¶¼£ª_¶}_¼ t_ªsú__uô £}s ¶ }nk¿}n¼ _n ¿nk ªnn¶}¿n } fzs nn kf}}ô
"7/SM =E /FO/ ;M=OS=/F/ F47MO7F/ X U2D=F=7
đô >_f_¶}f}n âúÜßñ ÜÚĄÚÝá *e} Gn_ªđkn£n_ XXXS7/SM/F47MO7F/JD
ªnôð ġÞâ âÛ ßÝÜ Ûà Üâ ĥ ôð ġÞâ àÚã áÚÝ ßáÚ ªn_ª_kn£n_ }tĤªn_ª_kn£n_ô
" & " " -
$ $ -
G ¿¼f_ k_ _ _ _k£¿¼fz ¶}k¿ž¶ Gn_ªô G¶žf¼ £nª_ £}}
£}s _ _¶_Á}n£¿¼ £¼e ªn e_¤} ă _ªtnô G ¶_¤}n ¶ž }nu
¿ek¶__ ¿£ª__ f__ u__ _£ª¼f¿¼fz e_¿ž¶ô R£}_¼ _ªtnn ª
nk¼¼ ¤_kñ ªž¼ Án k¶_k¿}g (£}sf}_ k fz_nô
- & -+ " & ¡ - -
£_n ¿__ z}£ª}_ k¿}nnu B¿n¶f¿¼_ _ªn¶}ñ ªž¼ £¶} £¼ªn
n ¿nu £_ ª¼ _¿n ¶}nk¿}__ ¿£ª_n ¶ fznn £fnn}}
Gn_ª }ô ô zô đkn£n_ ¶ *e}}n ª nk¼¼ ªn_ª ¶ }n¤f}nñ ªžnu tnª_ nnª_¶_ } nk_f¼_ n£ª ¿¼ Á¼f} fzn¼fz £¿sªž¶ñ ¶ ª¶_¿¼£ª¶}n £_ž¶ } ¿__fzž¶ô
¿nkn ¶£¿¼£ª} £}n¶__ k ¶}k¶} k¿}nf}sfnô 6k ¶£ª_}_ñ à uk}_ ÛãßÞ Āk _¿¶b Gn_ª R£¿¼£ª}n £ª_f} e_} ¶£ª_b _ f¿_fz ¶}k¿_ô
*_} } đª_āñ k k}_ k¿}£}n£¿nu }n¿n¶_}n ¶¶_k¿_ ¶ _u}f¿¼ ¤¶}_ª ªn_ª _k£¿¼fz
}n£¿_fž¶ }_£ª_ñ }n ¿_}_bf ž¶}nÁ £nª__fz k_ k¿}nÁ¼ } ¶}k¿ž¶ k£¼fzô
$
$ G¶žf¼ £nª_ ¿ f_nu ¶_ ¶}n¤f} 0}_fz ¶¼e_} ªn _e_k¿}n
ĉ_u}f¿nċô ¿_¼ ¶ ªn_ª¿n ke¼¶_b £}s ¿¼ f¼ _n£¿_ô G ¶_¤}n
R}¿¼ª_ ¶ ªn_ª¿n ª }n¿¶¼n k¤¶}_kf¿n}nô Bnª_nñ ªžn n¼ ¿_¶£¿n k£ª_f¿_b _£¿¼ £_¶}ñ Án ez_ªn¶}n eskb £}s ¤f}u_g ¶ fz_fzñ ¶ks ¶ ¿nfn ¿_}n}b ¶
¶}k¿ }n¿_}_¼fz ¶_Ánô ;_u}n¼ñ _e¼ ª £ª_}n ªn_ª_n }n ¿_¼_ £}s nk¼}n _ £_} _}¶¼ £ñ _ k}_ ¿n}n} £}s ¶ nu¿ª¼f¿b kÁusô
¶}k¶}£¶nñ _n ¶¼fzk¿} ¿_ n _¼ ¿_ £_¶b ¶_¼fz ¿n¿ _£ ¶_£¿ª_ªž¶ } k¿}__
nk_f¼¼fzô 1_£¿¼ ªªn n£ª t_ ĉªn_ª ª¶_ªnuċ _ }n£f_ k£ªsnu k_ žÁ¼fz u "+ " $ - $Ř
¶}n¶¼fzñ _n ªnÁ t £¿ª} } k¿}__ô đ ¿_ªn ă ª¶}n_¼ £}s k_ R_£ò ¿e_f¿n}_ ¶ ªn_ª¿nò &_ö &_ f¿¼ £}f}ö G¼ _¿n £}f}ñ fzg ¶£¿¼£ª ¿_f¿¼_ £}s k
__Ň [ž¶
k __ŇG¼ªn£¿_ñ }n£tnu }¤_ñ ªž¼ f}n_¶¼ ¤¶}_ª_ñ £ª_n _n £}s
[__£¿_¼ k¿}nf} } k¿}nÁ k k¿}_ ¶ ¶¼bª¶¼ £}n nk_f} ªn_ª_nñ ¶ ª___ª¼ }n £}¼ £nf_}n ¿nk£ª_¶}_gô
kf¿_£ ªžnu k¿} _knf} ¿_b £nf¼t}s ªn_ª _n _¿ ¶}nk¿s užb _
ªn_ª ªn_ªô ¼ ª¿nfz £ª_ £t}_}¿n ¶sf¿n}n }}nnu fnª¼t}_ª +- ëƃ
f¿n}_ đ_kn}} đkn£n_ } _}bª} k_ f_n u¼ú_£¼ô R£¿¼£ª}n £ª_}_ G ¿¼f_ k_ ª¼fz _Ą_Ą_k£¿¼fzô G¼ª¶_ ;¼¿_ ¿_e}n¿n ¶}k¿ž¶ _
£b ¶_k¿n ¶ t}n ¶_£¿ª_ª¶n } £b k£ª£¶_n k ¶}n f¿n£ª}ž¶ô ¤f}nÁ}ñ _ ªž¼fz £__ £ª_¶}_ }n¶£¿n } } uk¿}n _£} _} ¶}k¿¶}n ub
£ª_g eu_ª¼ k¶ž¶¼ ¿¶}n¿¼}nfô (_Ákn £ª_}n ¿n ¿¶}n¿_}n ª
"/?7EF=37 D/D7A ă kf¿_£ £ª_}_ f¿n£ª}f¼ _b _¿s }n ª¼ ¿_g k£ª_¶¶n k¿_n nkf¿n¤}n £ª_}n ¿ k¶b }£nb } ¿ £} tnô
_n ªn_ª_¼fzñ _n ªn¿ £že¶_g £¶}fz £} ¶ }fz _}_f}ô
-& -ĵ" " ""
" - - R n¶¼ _u}n£} }n¤f}n ñ ¶ ªž¼ ª f¿nu _e_k¿}n _ub }n£¿_f¼
ª ¤¶}sª¼ £žñ }n£¿_ ¿_¼ } £¿_¶_¼ kª &_ }ªªnô &nu u_e}nª
;¿¼ _¿} ¶}¿¼ª¼ ¶ ªn_ª¿nñ ¿__£¿_¼ _ £ª_}n ¿ __¿n ªn_ªñ ªžnu ª_t}b ¶£_¿_g ¶£¿¼£f¼ñ _ ¶}n _fnªž¶ ª_t} ¿ne¼g ¶}nnñ ¶}nn }ñ Áne¼
_fn k _ª Án¼ k¿}¶}_g _ £fn}n } }n ª¼ô ;kf¿_£ ÜÚ}ª¶n ª¿¼_g _ks k £¼nu }ªª_ô
¿¶¼ ¶}nñ f¿¼ žÁ} £}s __ñ ªžb Á_ }g ¶ £n}nñ k ªn_ª_n
} f¿¼ ¿_e_¶_ }b n£ª ž¶}n _ª¶_ô [k_k¿} ž¶}nÁ £nnª¼ ª¶¿n}_ _n ă _
ku ª ª¶_ö ¿¼ ª _¶k_ñ Án _Ák_ __ _ £¶b k£¿sö
F8HME/3?7 O_3_79ėōHX7 (ª e¼ }n _ub £}_k_g _u}f¿nu }n¤f}n}_ö [__k_ £}s u _ _nfñ
¶¼¶}_k_ Á¼f¿n}nñ ¿nsf_ }n¤f}nŇ Á¼f¿n}n £}s £n}_ô _
1_ ¶_£¿ª_ª¼ ¿__£¿_¼ k _£¿n £}nk¿}e¼ô k¿¼fz ¶ _ª_fz áÚ ª¼fz £n}_ đ_en_ e¼ ¿¼fb e¶}b¿¶bô B}_k_
(£¿ª £ª_}_ ª Ü ¿ ¿_ £ª_}núk¿}nfô 1_ _£ª¶_ Á¼f¿n}n ¶¼£ª_¶}_¼ t_ªsú__uô £}s ¶ }nk¿}n¼ _n ¿nk ªnn¶}¿n } fzs nn kf}}ô
"7/SM =E /FO/ ;M=OS=/F/ F47MO7F/ X U2D=F=7
đô >_f_¶}f}n âúÜßñ ÜÚĄÚÝá *e} Gn_ªđkn£n_ XXXS7/SM/F47MO7F/JD
ªnôð ġÞâ âÛ ßÝÜ Ûà Üâ ĥ ôð ġÞâ àÚã áÚÝ ßáÚ ªn_ª_kn£n_ }tĤªn_ª_kn£n_ô
Μˊʼʴˇ ʷ˅ʸˊˁʼʴˁˌʶʻ ˍʴʵʴˊʸʾʡ
ˍ˔˕˔˪˞˜ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜ ˗˥˘˪ˡ˔ʡ ʵ˘˭ˣ˜˘˖˭ˡ˘ ˗˟˔ ˗˭˜˘˖˜ ʟ ˣˢ˦˜˔˗˔˝͗˖˘
˖˘˥˧ˬ˙˜˞˔˧ˬ ˣ˥ˢ˗˨˖˘ˡ˧ͅ˪ ˜ ˦ˣ˘·ˡ˜˔˝͗˖˘ ˪˦˭ˬ˦˧˞˜˘ ˡˢ˥ˠˬʡ
ˁ˔˦˭˘ ˣ˥ˢ˗˨˞˧ˬ ˖˘˖˛˨˝˘ ˦˧˔˥˔ˡˡˢΝ͙ ˪ˬ˞ˢˡ˔ˡ˜˔ ˜ ˪ˬ˦ˢ˞˔ ˘˦˧˘˧ˬ˞˔ʡ ˂˙˘˥˨˝˘ˠˬ ˃˔Ή˦˧˪˨
˭˔˕˔˪˞˜ ˠ˜ˡ˜ˠ˔˟˜˦˧ˬ˖˭ˡ˘ ˪ ˞ˢ˟ˢ˥ˬ˦˧ˬ˖˘ ˣ˥˭ˬ˝˔˭ˡ˘˝ ˗˟˔ ˢ˞˔ ʟ ˞˧ͅ˥˘ ˗ˢ˦˞ˢˡ˔˟˘ ˣˢ˕˨˗˭͗
ˡ˔˦˭ˬ˖˛ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˞˟˜˘ˡ˧ͅ˪ ˗ˢ ˣˢ˭ˡ˔˪˔ˡ˜˔ ˢ˧˔˖˭˔˝͗˖˘˚ˢ ˜˖˛ Ν˪˜˔˧˔ʡ
ʷˢ˗˔˧˞ˢ˪ˢ ˡ˔˦˭˘ ˭˔˕˔˪˞˜ ˥ˢ˭˪˜˝˔˝͗ ˭˗ˢ˟ˡˢΝ˖˜ ˠ˔ˡ˨˔˟ˡ˘ ʟ ˠˢ˧ˢ˥ˬ˖˭ˡ˘ ˜ ˨˖˭͗ ˞ˢˡ˖˘ˡ˧˥˔˖˝˜
˦͗ ˣˢˠˢ˖ˡ˘ ˪ ˡ˔˨˖˘ ˣ˜˦˔ˡ˜˔ ʟ ˟˜˖˭˘ˡ˜˔ ˜ ˖˭ˬ˧˔ˡ˜˔ʡ
ˊ ˊ ˡ˔˦˭˘˝ ˦˭˘˥ˢ˞˜˘˝ ˢ˙˘˥˖˜˘ ˭ˡ˔˝˗͗ ˃˔Ή˦˧˪ˢ ˣ˥ˢ˗˨˞˧ˬ ˗˟˔ ˞˜˟˞˨ ˚˥˨ˣ ˪˜˘˞ˢ˪ˬ˖˛ʭ ˢ˗
ˡˢ˪ˢ˥ˢ˗˞˔ ˣ˥˭˘˭ ˢ˞˥˘˦ ˡ˜˘ˠˢ˪˟ͩ˖ˬ ˜ ˣ˥˭˘˗˦˭˞ˢ˟ˡˬ ˔κ ˗ˢ ˘˧˔ˣ˨ ˪˖˭˘˦ˡˢ˦˭˞ˢ˟ˡ˘˚ˢʡ
ʶˢ ˡ˔˟˘κˬ ˪˜˘˗˭˜˘͙ ˢ ˗˥˘˪ˡ˜˔ˡˬ˖˛ ˭˔˕˔˪˞˔˖˛ʲ
ˍ˔˕˔˪˞˜ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˗˥˘˪ˡ˔ ˖˛˔˥˔˞˧˘˥ˬ˭˨˝͗ ˦˜ͩ ˪ˬ˝͗˧˞ˢ˪͗ ˧˥˪˔·ˢΝ˖˜͗ ˜ ˡ˜˘ ˭˔˪˜˘˥˔˝͗
˦˭˞ˢ˗˟˜˪ˬ˖˛ ˦˨˕˦˧˔ˡ˖˝˜ʡ ˇˢ ˕˔˥˗˭ˢ ˪˔κˡ˘ʟ ˦˭˖˭˘˚ͅ˟ˡ˜˘ ˪ ˣ˜˘˥˪˦˭ˬˠ ˢ˞˥˘˦˜˘ κˬ˖˜˔ʟ ˪ ˞˧ͅ˥ˬˠ
ˠ˔˟˨˖˛ˬ ˠ˔˝͗ ˧˘ˡ˗˘ˡ˖˝ͩ ˗ˢ ˪˞·˔˗˔ˡ˜˔ ˪˦˭ˬ˦˧˞˜˘˚ˢ ˗ˢ ˕˨˭˜ʡ ˂˕˘˖ˡ˜˘ ˪ ˦˞˟˘ˣ˔˖˛ ˭ˡ˔˟˘θ͙
ˠˢκˡ˔ ˦˭˘˥ˢ˞͗ ˚˔ˠͩ ˭˔˕˔˪˘˞ ˪ˬ˞ˢˡ˔ˡˬ˖˛ ˭ ˗˥˘˪ˡ˔ʡ ˊ ˧˥˔˞˖˜˘ ˭˔˞˨ˣ˨ ˡ˔˝˟˘ˣ˜˘˝ ˞˜˘˥ˢ˪˔͙
˦˜ͩ ˝˔˞ˢΝ˖˜͗ϛ ˧˔Ή˦˭˘ ˘˚˭˘ˠˣ˟˔˥˭˘ ˠˢ˚͗ ˠ˜˘͙ ˭˔˗˭˜ˢ˥ˬ ˢ˥˔˭ ˢ˦˧˥˘ ˞˥˔˪ͩ˗˭˜˘ʡ ˁ˔˟˘κˬ
ˣ˔ˠ˜ͩ˧˔͙ʟ κ˘ ˢ˗ˣˢ˪˜˘˗ˡ˜ˢ ˗ˢ˕˥˔ˡ˔ ˭˔˕˔˪˞˔ʟ ˧ˢ ˧˔˞˔ʟ ˞˧ͅ˥˔ ˣ˘·ˡ˜ ˙˨ˡ˞˖˝ͩ ˣˢ˭ˡ˔˪˖˭͗ ˢ˥˔˭
˘˗˨˞˔˖ˬ˝ˡ͗ʟ ˔ ˗ˢ˗˔˧˞ˢ˪ˢ ˦ˣ˘·ˡ˜˔ ˪˦˭ˬ˦˧˞˜˘ ˢ˕ˢ˪˜͗˭˨˝͗˖˘ ˡˢ˥ˠˬ ˕˘˭ˣ˜˘˖˭˘Ή˦˧˪˔ʡ
ˍ˔˕˔˪˞˜ʟ˔˕˔˪˞˜ʟ ˡ˔˪˘˧ ˧˘ ˗˥˘˪ˡ˜˔ˡ˘ʟ ˣˢ˪˜ˡˡˬ ˕ˬ͙ ˗ˢˣ˔˦ˢ˪˔ˡ˘ ˜ˡ˗ˬ˪˜˗˨˔˟ˡ˜˘ʟ ˪ ˭˔˟˘κˡˢΝ˖˜ ˢ˗
ˍ
˪˜˘˞˨ ˜ ˥ˢ˭˪ˢ˝˨ ˗˭˜˘˖˞˔ʡ ˁ˔˝˕˔˥˗˭˜˘˝ ˨ˡ˜˪˘˥˦˔˟ˡ͗ ˗˥˘˪ˡ˜˔ˡ͗ ˭˔˕˔˪˞͗ʟ ˭ ˝˔˞͗ ˦ˣˢ˧˞˔˝͗ ˦˜ͩ
˃˔Ή˦˧˪ˢ ˪ ˦˞˟˘ˣ˔˖˛ʟ ˦͗ ˞˟ˢ˖˞˜ʡ
ʷ˟˔˖˭˘˚ˢ ˪˔˥˧ˢ ˞˨ˣˢ˪˔͙ ˗˭˜˘˖˜ˢˠ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ʲ
ʷ˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˢ˗˚˥ˬ˪˔˝͗ ˪˔κˡ͗ ˥ˢ˟ͩ ˪ ˥ˢ˭˪ˢ˝˨ ˙˜˭ˬ˖˭ˡˬˠ ˜ ˨ˠˬ˦·ˢ˪ˬˠ
ˠ˔˟˨˖˛˔ʡ ʷ˭˜ͩ˞˜ ˡ˜ˠ ˗˭˜˘˖˞ˢ ˕ͩ˗˭˜˘ ˠˢ˚·ˢ ˥ˢ˭˪˜˝˔͙ ˨ˠ˜˘˝ͩ˧ˡˢΝ˖˜
˦˔ˠˢ˗˭˜˘˟ˡ˘˚ˢ ˜ ˧˪ͅ˥˖˭˘˚ˢ ˠˬΝ˟˘ˡ˜˔ʡ ˃ˢ˗˖˭˔˦ ˭˔˕˔˪ˬ ˗˥˘˪ˡ˜˔ˡˬˠ˜
˞˟ˢ˖˞˔ˠ˜ ˠ˔˟˨˖˛ ˠ˨˦˜ ˪ˬ˞˔˭˔͙ ˦˜ͩ ˪ˬ˝͗˧˞ˢ˪͗ ˣ˥˘˖ˬ˭˝͗ ˥˨˖˛ˢ˪͗ʟ ˣˢˡ˜˘˪˔κ
ˡ˔˪˘˧ ˡ˔˝˗˥ˢ˕ˡ˜˘˝˦˭˘ ˭˔˪˔˛˔ˡ˜˘ ˗·ˢˡ˜ ˠˢκ˘ ˗ˢˣ˥ˢ˪˔˗˭˜͙ ˗ˢ ˥ˢ˭˦ˬˣ˔ˡ˜˔ ˖˔·˘˝
˞
˞ˢˡ˦˧˥˨˞˖˝˜ʡ ˊ˔˥˧ˢ ˥ͅ˪ˡ˜˘κ ˪˜˘˗˭˜˘͙ʟ κ˘ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˥ˢ˭˪˜˝˔˝͗ ˠˢ˧ˢ˥ˬ˞ͩʟ ˡ˔˪˘˧ ˡ˔ ˢˡ˦˧˥˨˞˖˝˜ʡ ˊ˔˥˧ˢ ˥ͅ˪ˡ˜˘κ ˪˜˘˗˭˜˘͙ʟ κ˘ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˥ˢ˭˪˜˝˔˝͗ ˠˢ˧ˢ˥ˬ˞ͩʟ ˡ˔˪˘˧ ˡ˔
˪˖˭˘˦ˡˬˠ ˘˧˔ˣ˜˘ ˡ˜˘ˠˢ˪˟ͩ˖ˬˠʟ ˞˜˘˗ˬ ˧ˢ ˦˔ˠ˘ ˭·˔ˣ˔ˡ˜˘ ˭˔˕˔˪˞˜ ˦˧˔ˡˢ˪˜ ˡ˜˘ ˟˔˗˔
˪ˬ˭˪˔ˡ˜˘ʡ ʷ˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˡ˜˘ ˠ˔˝͗ Ν˖˜Ν˟˘ ˢ˞˥˘Ν˟ˢˡˬ˖˛ ˙˨ˡ˞˖˝˜ʟ ˗˟˔˧˘˚ˢ ˣˢ˗˖˭˔˦ ˭˔˕˔˪ˬ
ˠˢ˚͗ ˕ˬ͙ ˗ˢ˦·ˢ˪ˡ˜˘ ˪˦˭ˬ˦˧˞˜ˠ ʠ ˝˘˗ˬˡˬ ˢ˚˥˔ˡ˜˖˭ˡ˜˞ ˦˧˔ˡˢ˪˜ ˪ˬˢ˕˥˔θˡ˜˔ ˠ˔˟˨˖˛˔ʡ
ʷˈʷʼʷˈ
˨˟ʡ ˊ˜˔˥˨˦˔ ʧʧʢʦʤʟ ʦʥʠʣʫʪ ˍʼʸʿ˂ˁʾʼ
ˇ˘˟˘˙ˢˡʭ ʞʧʫ ʩʩʩ ʩʧʦ ʬʬʦ
˜ˡ˙ˢʳ˗˨˗˜˗˨ʡˣ˟
˪˪˪ʡ˗˨˗˜˗˨ʡˣ˟
Μˊʼʴˇ ʷ˅ʸˊˁʼʴˁˌʶʻ ˍʴʵʴˊʸʾʡ
ˍ˔˕˔˪˞˜ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜ ˗˥˘˪ˡ˔ʡ ʵ˘˭ˣ˜˘˖˭ˡ˘ ˗˟˔ ˗˭˜˘˖˜ ʟ ˣˢ˦˜˔˗˔˝͗˖˘
˖˘˥˧ˬ˙˜˞˔˧ˬ ˣ˥ˢ˗˨˖˘ˡ˧ͅ˪ ˜ ˦ˣ˘·ˡ˜˔˝͗˖˘ ˪˦˭ˬ˦˧˞˜˘ ˡˢ˥ˠˬʡ
ˁ˔˦˭˘ ˣ˥ˢ˗˨˞˧ˬ ˖˘˖˛˨˝˘ ˦˧˔˥˔ˡˡˢΝ͙ ˪ˬ˞ˢˡ˔ˡ˜˔ ˜ ˪ˬ˦ˢ˞˔ ˘˦˧˘˧ˬ˞˔ʡ ˂˙˘˥˨˝˘ˠˬ ˃˔Ή˦˧˪˨
˭˔˕˔˪˞˜ ˠ˜ˡ˜ˠ˔˟˜˦˧ˬ˖˭ˡ˘ ˪ ˞ˢ˟ˢ˥ˬ˦˧ˬ˖˘ ˣ˥˭ˬ˝˔˭ˡ˘˝ ˗˟˔ ˢ˞˔ ʟ ˞˧ͅ˥˘ ˗ˢ˦˞ˢˡ˔˟˘ ˣˢ˕˨˗˭͗
ˡ˔˦˭ˬ˖˛ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˞˟˜˘ˡ˧ͅ˪ ˗ˢ ˣˢ˭ˡ˔˪˔ˡ˜˔ ˢ˧˔˖˭˔˝͗˖˘˚ˢ ˜˖˛ Ν˪˜˔˧˔ʡ
ʷˢ˗˔˧˞ˢ˪ˢ ˡ˔˦˭˘ ˭˔˕˔˪˞˜ ˥ˢ˭˪˜˝˔˝͗ ˭˗ˢ˟ˡˢΝ˖˜ ˠ˔ˡ˨˔˟ˡ˘ ʟ ˠˢ˧ˢ˥ˬ˖˭ˡ˘ ˜ ˨˖˭͗ ˞ˢˡ˖˘ˡ˧˥˔˖˝˜
˦͗ ˣˢˠˢ˖ˡ˘ ˪ ˡ˔˨˖˘ ˣ˜˦˔ˡ˜˔ ʟ ˟˜˖˭˘ˡ˜˔ ˜ ˖˭ˬ˧˔ˡ˜˔ʡ
ˊ ˊ ˡ˔˦˭˘˝ ˦˭˘˥ˢ˞˜˘˝ ˢ˙˘˥˖˜˘ ˭ˡ˔˝˗͗ ˃˔Ή˦˧˪ˢ ˣ˥ˢ˗˨˞˧ˬ ˗˟˔ ˞˜˟˞˨ ˚˥˨ˣ ˪˜˘˞ˢ˪ˬ˖˛ʭ ˢ˗
ˡˢ˪ˢ˥ˢ˗˞˔ ˣ˥˭˘˭ ˢ˞˥˘˦ ˡ˜˘ˠˢ˪˟ͩ˖ˬ ˜ ˣ˥˭˘˗˦˭˞ˢ˟ˡˬ ˔κ ˗ˢ ˘˧˔ˣ˨ ˪˖˭˘˦ˡˢ˦˭˞ˢ˟ˡ˘˚ˢʡ
ʶˢ ˡ˔˟˘κˬ ˪˜˘˗˭˜˘͙ ˢ ˗˥˘˪ˡ˜˔ˡˬ˖˛ ˭˔˕˔˪˞˔˖˛ʲ
ˍ˔˕˔˪˞˜ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˗˥˘˪ˡ˔ ˖˛˔˥˔˞˧˘˥ˬ˭˨˝͗ ˦˜ͩ ˪ˬ˝͗˧˞ˢ˪͗ ˧˥˪˔·ˢΝ˖˜͗ ˜ ˡ˜˘ ˭˔˪˜˘˥˔˝͗
˦˭˞ˢ˗˟˜˪ˬ˖˛ ˦˨˕˦˧˔ˡ˖˝˜ʡ ˇˢ ˕˔˥˗˭ˢ ˪˔κˡ˘ʟ ˦˭˖˭˘˚ͅ˟ˡ˜˘ ˪ ˣ˜˘˥˪˦˭ˬˠ ˢ˞˥˘˦˜˘ κˬ˖˜˔ʟ ˪ ˞˧ͅ˥ˬˠ
ˠ˔˟˨˖˛ˬ ˠ˔˝͗ ˧˘ˡ˗˘ˡ˖˝ͩ ˗ˢ ˪˞·˔˗˔ˡ˜˔ ˪˦˭ˬ˦˧˞˜˘˚ˢ ˗ˢ ˕˨˭˜ʡ ˂˕˘˖ˡ˜˘ ˪ ˦˞˟˘ˣ˔˖˛ ˭ˡ˔˟˘θ͙
ˠˢκˡ˔ ˦˭˘˥ˢ˞͗ ˚˔ˠͩ ˭˔˕˔˪˘˞ ˪ˬ˞ˢˡ˔ˡˬ˖˛ ˭ ˗˥˘˪ˡ˔ʡ ˊ ˧˥˔˞˖˜˘ ˭˔˞˨ˣ˨ ˡ˔˝˟˘ˣ˜˘˝ ˞˜˘˥ˢ˪˔͙
˦˜ͩ ˝˔˞ˢΝ˖˜͗ϛ ˧˔Ή˦˭˘ ˘˚˭˘ˠˣ˟˔˥˭˘ ˠˢ˚͗ ˠ˜˘͙ ˭˔˗˭˜ˢ˥ˬ ˢ˥˔˭ ˢ˦˧˥˘ ˞˥˔˪ͩ˗˭˜˘ʡ ˁ˔˟˘κˬ
ˣ˔ˠ˜ͩ˧˔͙ʟ κ˘ ˢ˗ˣˢ˪˜˘˗ˡ˜ˢ ˗ˢ˕˥˔ˡ˔ ˭˔˕˔˪˞˔ʟ ˧ˢ ˧˔˞˔ʟ ˞˧ͅ˥˔ ˣ˘·ˡ˜ ˙˨ˡ˞˖˝ͩ ˣˢ˭ˡ˔˪˖˭͗ ˢ˥˔˭
˘˗˨˞˔˖ˬ˝ˡ͗ʟ ˔ ˗ˢ˗˔˧˞ˢ˪ˢ ˦ˣ˘·ˡ˜˔ ˪˦˭ˬ˦˧˞˜˘ ˢ˕ˢ˪˜͗˭˨˝͗˖˘ ˡˢ˥ˠˬ ˕˘˭ˣ˜˘˖˭˘Ή˦˧˪˔ʡ
ˍ˔˕˔˪˞˜ʟ˔˕˔˪˞˜ʟ ˡ˔˪˘˧ ˧˘ ˗˥˘˪ˡ˜˔ˡ˘ʟ ˣˢ˪˜ˡˡˬ ˕ˬ͙ ˗ˢˣ˔˦ˢ˪˔ˡ˘ ˜ˡ˗ˬ˪˜˗˨˔˟ˡ˜˘ʟ ˪ ˭˔˟˘κˡˢΝ˖˜ ˢ˗
ˍ
˪˜˘˞˨ ˜ ˥ˢ˭˪ˢ˝˨ ˗˭˜˘˖˞˔ʡ ˁ˔˝˕˔˥˗˭˜˘˝ ˨ˡ˜˪˘˥˦˔˟ˡ͗ ˗˥˘˪ˡ˜˔ˡ͗ ˭˔˕˔˪˞͗ʟ ˭ ˝˔˞͗ ˦ˣˢ˧˞˔˝͗ ˦˜ͩ
˃˔Ή˦˧˪ˢ ˪ ˦˞˟˘ˣ˔˖˛ʟ ˦͗ ˞˟ˢ˖˞˜ʡ
ʷ˟˔˖˭˘˚ˢ ˪˔˥˧ˢ ˞˨ˣˢ˪˔͙ ˗˭˜˘˖˜ˢˠ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ʲ
ʷ˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˢ˗˚˥ˬ˪˔˝͗ ˪˔κˡ͗ ˥ˢ˟ͩ ˪ ˥ˢ˭˪ˢ˝˨ ˙˜˭ˬ˖˭ˡˬˠ ˜ ˨ˠˬ˦·ˢ˪ˬˠ
ˠ˔˟˨˖˛˔ʡ ʷ˭˜ͩ˞˜ ˡ˜ˠ ˗˭˜˘˖˞ˢ ˕ͩ˗˭˜˘ ˠˢ˚·ˢ ˥ˢ˭˪˜˝˔͙ ˨ˠ˜˘˝ͩ˧ˡˢΝ˖˜
˦˔ˠˢ˗˭˜˘˟ˡ˘˚ˢ ˜ ˧˪ͅ˥˖˭˘˚ˢ ˠˬΝ˟˘ˡ˜˔ʡ ˃ˢ˗˖˭˔˦ ˭˔˕˔˪ˬ ˗˥˘˪ˡ˜˔ˡˬˠ˜
˞˟ˢ˖˞˔ˠ˜ ˠ˔˟˨˖˛ ˠ˨˦˜ ˪ˬ˞˔˭˔͙ ˦˜ͩ ˪ˬ˝͗˧˞ˢ˪͗ ˣ˥˘˖ˬ˭˝͗ ˥˨˖˛ˢ˪͗ʟ ˣˢˡ˜˘˪˔κ
ˡ˔˪˘˧ ˡ˔˝˗˥ˢ˕ˡ˜˘˝˦˭˘ ˭˔˪˔˛˔ˡ˜˘ ˗·ˢˡ˜ ˠˢκ˘ ˗ˢˣ˥ˢ˪˔˗˭˜͙ ˗ˢ ˥ˢ˭˦ˬˣ˔ˡ˜˔ ˖˔·˘˝
˞
˞ˢˡ˦˧˥˨˞˖˝˜ʡ ˊ˔˥˧ˢ ˥ͅ˪ˡ˜˘κ ˪˜˘˗˭˜˘͙ʟ κ˘ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˥ˢ˭˪˜˝˔˝͗ ˠˢ˧ˢ˥ˬ˞ͩʟ ˡ˔˪˘˧ ˡ˔ ˢˡ˦˧˥˨˞˖˝˜ʡ ˊ˔˥˧ˢ ˥ͅ˪ˡ˜˘κ ˪˜˘˗˭˜˘͙ʟ κ˘ ˗˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˥ˢ˭˪˜˝˔˝͗ ˠˢ˧ˢ˥ˬ˞ͩʟ ˡ˔˪˘˧ ˡ˔
˪˖˭˘˦ˡˬˠ ˘˧˔ˣ˜˘ ˡ˜˘ˠˢ˪˟ͩ˖ˬˠʟ ˞˜˘˗ˬ ˧ˢ ˦˔ˠ˘ ˭·˔ˣ˔ˡ˜˘ ˭˔˕˔˪˞˜ ˦˧˔ˡˢ˪˜ ˡ˜˘ ˟˔˗˔
˪ˬ˭˪˔ˡ˜˘ʡ ʷ˥˘˪ˡ˜˔ˡ˘ ˞˟ˢ˖˞˜ ˡ˜˘ ˠ˔˝͗ Ν˖˜Ν˟˘ ˢ˞˥˘Ν˟ˢˡˬ˖˛ ˙˨ˡ˞˖˝˜ʟ ˗˟˔˧˘˚ˢ ˣˢ˗˖˭˔˦ ˭˔˕˔˪ˬ
ˠˢ˚͗ ˕ˬ͙ ˗ˢ˦·ˢ˪ˡ˜˘ ˪˦˭ˬ˦˧˞˜ˠ ʠ ˝˘˗ˬˡˬ ˢ˚˥˔ˡ˜˖˭ˡ˜˞ ˦˧˔ˡˢ˪˜ ˪ˬˢ˕˥˔θˡ˜˔ ˠ˔˟˨˖˛˔ʡ
ʷˈʷʼʷˈ
˨˟ʡ ˊ˜˔˥˨˦˔ ʧʧʢʦʤʟ ʦʥʠʣʫʪ ˍʼʸʿ˂ˁʾʼ
ˇ˘˟˘˙ˢˡʭ ʞʧʫ ʩʩʩ ʩʧʦ ʬʬʦ
˜ˡ˙ˢʳ˗˨˗˜˗˨ʡˣ˟
˪˪˪ʡ˗˨˗˜˗˨ʡˣ˟
ˉʼˆˇˌʿ˂ ʾʼʷˆ ʠ ˧ˢ ˣ˥ˢ˗˨˞˧ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡˬ ˭ ˠˬΝ˟͗ ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ʡ Ά͗˖˭ˬ ˢˡ
˭˔˕˔˪˞ͩ ˠ˔ˡ˜ˣ˨˟˔˖ˬ˝ˡ͗ʟ ˥ˢ˭˪˜˝˔˝͗˖͗ ˨ˠ˜˘˝ͩ˧ˡˢΝ˖˜ ˠ˔ˡ˨˔˟ˡ˘ ˠ˔˟˨˖˛˔ʟ ˭
ˢ˭˗ˢ˕ˡˬˠ ˘˟˘ˠ˘ˡ˧˘ˠʟ ˪˭˕ˢ˚˔˖˔˝͗˖ˬˠ ˔˥˔ˡκ˔˖˝˘ ˗˭˜˘˖˜ͩ˖˘˚ˢ ˣˢ˞ˢ˝˨ʡ ʷˢ
˪ˬ˞ˢˡ˔ˡ˜˔ ˢ˦·ˢˡˬ ˉʼˆˇˌʿ˂ ʾʼʷˆ ˭˔˦˧ˢ˦ˢ˪˔ˡ˔ ˝˘˦˧ ˣ·ˬ˧˔ ˀʷʹ ˢ ˚˥˨˕ˢΝ˖˜ ʤʥˠˠʟ
˞˧ͅ˥˔ ˪ˬ˞ˢΉ˖˭ˢˡ˔ ˝˘˦˧ ˟˔˞˜˘˥˘ˠ ˔˞˥ˬ˟ˢ˪ˬˠʟ ˪ ˪ˬ˕˥˔ˡˬˠ ˞ˢ˟ˢ˥˭˘ʟ ˖˔·˞ˢ˪˜˖˜˘
˘˞ˢ˟ˢ˚˜˖˭ˡˬˠ ˜ ˕˘˭ˣ˜˘˖˭ˡˬˠ ˣ˥˭ˬ ˞ˢˡ˧˔˞˖˜˘ ˭ ˗˭˜˘͙ˠ˜ʡ
˃
˃˥ˢˣˢˡˢ˪˔ˡ˘˥ˢˣˢˡˢ˪˔ˡ˘ ˣ˥˭˘˭ ˡ˔˦ ˪˭ˢ˥ˬ ˦͗ ˧˔˞ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡ˘ ˔˕ˬ ˡ˔˝ˠ·ˢ˗˦˜ ˖˭˘˥ˣ˔˟˜ ˭
ˡ˜˖˛ ˝˔˞ ˡ˔˝˪˜ͩ˖˘˝ ˭˔˕˔˪ˬ ˜ ˥˔˗ˢΝ˖˜ʟ ˔ ˣ˥˭ˬ ˧ˬˠ ˕ˬ·ˬ ˗˟˔ ˡ˜˖˛ ˖˔·˞ˢ˪˜˖˜˘
˕˘˭ˣ˜˘˖˭ˡ˘ʡ
ʷ˭˜ͩ˞˜ ˭˔˦˧ˢ˦ˢ˪˔ˡ˜˨ ˉʼˆˇˌʿ˂ ʾʼʷˆʟ ˭˔˦·˔ˡ˜˔ˠˬ ˜ ˨˔˧˥˔˞˖ˬ˝ˡ˜˔ˠˬ ˠ˔·ˢ ˘˦˧˘˧ˬ˖˭ˡˬ
˘˟˘ˠ˘ˡ˧ ˣˢˠ˜˘˦˭˖˭˘ˡ˜˔ʟ ˝˔˞˜ˠ ˝˘˦˧ ˚˥˭˘˝ˡ˜˞ʟ ˔ ˧˔˞κ˘ ˢ˚˥˔ˡ˜˖˭˔ˠˬ ˗ˢ˦˧ͩˣ ˡ˔˦˭ˬ˖˛
ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˗ˢ ˡ˜˘˕˘˭ˣ˜˘˖˭ˡ˘˚ˢ ˗˟˔ ˡ˜˖˛ ˨˥˭͗˗˭˘ˡ˜˔ʡ
˨˟ʡ ʵˢ˥ˬ˦˭˘˪˦˞˔ ʤʧ˔ ˯ ʣʬʠʧʣʬ ˃·ˢ˖˞ ˯ ˇ˘˟ʭ ʩʬʧ ʬʩʣ ʦʣʣ ˯ ˕˜˨˥ˢʳ˩˜˦˧ˬ˟ˢʡˣ˟
˂ˣ˥ͅ˖˭ ˧˥˔˗ˬ˖ˬ˝ˡ˘˚ˢ ˣˢ˞ˢ˝˨ ˗˭˜˘˖˜ͩ˖˘˚ˢʟ ˡ˔˦˭˘ ˣ˥ˢ˗˨˞˧ˬ ˉʼˆˇˌʿ˂ ʾʼʷˆ ˠˢκˡ˔ ˦˧ˢ˦ˢ˪˔͙
˧˔˞κ˘ ˪ κ·ˢ˕˞˔˖˛ʟ ˣ˥˭˘˗˦˭˞ˢ˟˔˖˛ ˢ˥˔˭ ˜ˡˡˬ˖˛ ˣ˟˔˖ͅ˪˞˔˖˛ ˘˗˨˞˔˖ˬ˝ˡˢʠˢˣ˜˘˞˨Ή˖˭ˬ˖˛ʡ
˂˦·ˢˡ˔ ˉʼˆˇˌʿ˂ ʾʼʷˆʟ ˗˭˜ͩ˞˜ ˡ˔˦˭ˬˠ ˨ˡ˜˪˘˥˦˔˟ˡˬˠ ˠˢ˖ˢ˪˔ˡ˜ˢˠʟ ˠˢκ˘ ˕ˬΝ ˣˢ˪˜˘˦˭ˢˡ˔
˕˘˭ˣˢΝ˥˘˗ˡ˜ˢ ˡ˔ ˚˥˭˘˝ˡ˜˞˔˖˛ʟ ˣ˥˔˞˧ˬ˖˭ˡ˜˘ ˞˔κ˗˘˚ˢ ˧ˬˣ˨ʡ ˀˢκ˘ˠˬ ˧˘κ ˪ˬ˞ˢˡ˔͙ ˗˟˔ ˃˔Ή˦˧˪˔
ˢ˕˨˗ˢ˪ͩ ˣ˘·ˡ͗ʠˠ˘˕˟ˢ˪͗ ʛ˭ ˕ˢ˞˔ˠ˜ ˜ ˣ˔˥˔ˣ˘˧˘ˠʜ ˜ ˭ ˢ˧˪˜˘˥˔ˡˬˠ ˙˥ˢˡ˧˘ˠ ˉʼˆˇˌʿ˂ ʾʼʷˆʡ
ˊˊˊʡˉʼˆˇˌʿ˂ʡ˃ʿ
ˉʼˆˇˌʿ˂ ʾʼʷˆ ʠ ˧ˢ ˣ˥ˢ˗˨˞˧ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡˬ ˭ ˠˬΝ˟͗ ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ʡ Ά͗˖˭ˬ ˢˡ
˭˔˕˔˪˞ͩ ˠ˔ˡ˜ˣ˨˟˔˖ˬ˝ˡ͗ʟ ˥ˢ˭˪˜˝˔˝͗˖͗ ˨ˠ˜˘˝ͩ˧ˡˢΝ˖˜ ˠ˔ˡ˨˔˟ˡ˘ ˠ˔˟˨˖˛˔ʟ ˭
ˢ˭˗ˢ˕ˡˬˠ ˘˟˘ˠ˘ˡ˧˘ˠʟ ˪˭˕ˢ˚˔˖˔˝͗˖ˬˠ ˔˥˔ˡκ˔˖˝˘ ˗˭˜˘˖˜ͩ˖˘˚ˢ ˣˢ˞ˢ˝˨ʡ ʷˢ
˪ˬ˞ˢˡ˔ˡ˜˔ ˢ˦·ˢˡˬ ˉʼˆˇˌʿ˂ ʾʼʷˆ ˭˔˦˧ˢ˦ˢ˪˔ˡ˔ ˝˘˦˧ ˣ·ˬ˧˔ ˀʷʹ ˢ ˚˥˨˕ˢΝ˖˜ ʤʥˠˠʟ
˞˧ͅ˥˔ ˪ˬ˞ˢΉ˖˭ˢˡ˔ ˝˘˦˧ ˟˔˞˜˘˥˘ˠ ˔˞˥ˬ˟ˢ˪ˬˠʟ ˪ ˪ˬ˕˥˔ˡˬˠ ˞ˢ˟ˢ˥˭˘ʟ ˖˔·˞ˢ˪˜˖˜˘
˘˞ˢ˟ˢ˚˜˖˭ˡˬˠ ˜ ˕˘˭ˣ˜˘˖˭ˡˬˠ ˣ˥˭ˬ ˞ˢˡ˧˔˞˖˜˘ ˭ ˗˭˜˘͙ˠ˜ʡ
˃
˃˥ˢˣˢˡˢ˪˔ˡ˘˥ˢˣˢˡˢ˪˔ˡ˘ ˣ˥˭˘˭ ˡ˔˦ ˪˭ˢ˥ˬ ˦͗ ˧˔˞ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡ˘ ˔˕ˬ ˡ˔˝ˠ·ˢ˗˦˜ ˖˭˘˥ˣ˔˟˜ ˭
ˡ˜˖˛ ˝˔˞ ˡ˔˝˪˜ͩ˖˘˝ ˭˔˕˔˪ˬ ˜ ˥˔˗ˢΝ˖˜ʟ ˔ ˣ˥˭ˬ ˧ˬˠ ˕ˬ·ˬ ˗˟˔ ˡ˜˖˛ ˖˔·˞ˢ˪˜˖˜˘
˕˘˭ˣ˜˘˖˭ˡ˘ʡ
ʷ˭˜ͩ˞˜ ˭˔˦˧ˢ˦ˢ˪˔ˡ˜˨ ˉʼˆˇˌʿ˂ ʾʼʷˆʟ ˭˔˦·˔ˡ˜˔ˠˬ ˜ ˨˔˧˥˔˞˖ˬ˝ˡ˜˔ˠˬ ˠ˔·ˢ ˘˦˧˘˧ˬ˖˭ˡˬ
˘˟˘ˠ˘ˡ˧ ˣˢˠ˜˘˦˭˖˭˘ˡ˜˔ʟ ˝˔˞˜ˠ ˝˘˦˧ ˚˥˭˘˝ˡ˜˞ʟ ˔ ˧˔˞κ˘ ˢ˚˥˔ˡ˜˖˭˔ˠˬ ˗ˢ˦˧ͩˣ ˡ˔˦˭ˬ˖˛
ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˗ˢ ˡ˜˘˕˘˭ˣ˜˘˖˭ˡ˘˚ˢ ˗˟˔ ˡ˜˖˛ ˨˥˭͗˗˭˘ˡ˜˔ʡ
˨˟ʡ ʵˢ˥ˬ˦˭˘˪˦˞˔ ʤʧ˔ ˯ ʣʬʠʧʣʬ ˃·ˢ˖˞ ˯ ˇ˘˟ʭ ʩʬʧ ʬʩʣ ʦʣʣ ˯ ˕˜˨˥ˢʳ˩˜˦˧ˬ˟ˢʡˣ˟
˂ˣ˥ͅ˖˭ ˧˥˔˗ˬ˖ˬ˝ˡ˘˚ˢ ˣˢ˞ˢ˝˨ ˗˭˜˘˖˜ͩ˖˘˚ˢʟ ˡ˔˦˭˘ ˣ˥ˢ˗˨˞˧ˬ ˉʼˆˇˌʿ˂ ʾʼʷˆ ˠˢκˡ˔ ˦˧ˢ˦ˢ˪˔͙
˧˔˞κ˘ ˪ κ·ˢ˕˞˔˖˛ʟ ˣ˥˭˘˗˦˭˞ˢ˟˔˖˛ ˢ˥˔˭ ˜ˡˡˬ˖˛ ˣ˟˔˖ͅ˪˞˔˖˛ ˘˗˨˞˔˖ˬ˝ˡˢʠˢˣ˜˘˞˨Ή˖˭ˬ˖˛ʡ
˂˦·ˢˡ˔ ˉʼˆˇˌʿ˂ ʾʼʷˆʟ ˗˭˜ͩ˞˜ ˡ˔˦˭ˬˠ ˨ˡ˜˪˘˥˦˔˟ˡˬˠ ˠˢ˖ˢ˪˔ˡ˜ˢˠʟ ˠˢκ˘ ˕ˬΝ ˣˢ˪˜˘˦˭ˢˡ˔
˕˘˭ˣˢΝ˥˘˗ˡ˜ˢ ˡ˔ ˚˥˭˘˝ˡ˜˞˔˖˛ʟ ˣ˥˔˞˧ˬ˖˭ˡ˜˘ ˞˔κ˗˘˚ˢ ˧ˬˣ˨ʡ ˀˢκ˘ˠˬ ˧˘κ ˪ˬ˞ˢˡ˔͙ ˗˟˔ ˃˔Ή˦˧˪˔
ˢ˕˨˗ˢ˪ͩ ˣ˘·ˡ͗ʠˠ˘˕˟ˢ˪͗ ʛ˭ ˕ˢ˞˔ˠ˜ ˜ ˣ˔˥˔ˣ˘˧˘ˠʜ ˜ ˭ ˢ˧˪˜˘˥˔ˡˬˠ ˙˥ˢˡ˧˘ˠ ˉʼˆˇˌʿ˂ ʾʼʷˆʡ
ˊˊˊʡˉʼˆˇˌʿ˂ʡ˃ʿ
süöĬæöË 9êÄ¤ËąÞº æË āËÂËö ×˽޺ ËĈüÄ Þ×·½¬āê· Þ¬¢ ö öüöĬê
öüÞ˺¬· ·ºË߬ ê¬ËË˺Ìö ā º½Þüº ½¬æÚæêÚü ⬬¢·Ɍ V¬¢ºÄ ©¬ÞæËÚ¬ êæËÚÞæö
ÞæÚ¬ =¬Ä¤ÚÄ ¬ Ú¬© ;ÞæÄÚ ö ÚöêÚËö· ¬ÄæÚ×Úæ·¬ üæü 9êĤËöÞº¬· ¬
V¬ËæÚ %ÚËÄāöÞº¬¤Ë ÞāüºË ×ˬÂü ÞÚ ö¬½ê ×˽޺¬© ⬬ ¬ ¬© ÚËā¬Ìöɇ Þæ·
Þ¬¢ ÞæÞ½½Úì ÚüĺËöüìɌ Ë©æÚì æü© Ë×Ëö¬ß¬ Þ Ëö¬Ã êö¬½¬Ä ×Úāā
⬬ Ä Âüà ßö¬¬ ×ËÞæ¬Ɇ V¬×׬ VËÅāËÞāĺɇ ;Ú½½ÞËÄ ā ©êɇ ì½ ā
]ýĬ¬ɇ æºæüö ½Ëúõ¬Þæɇ YÞÃêÞɇ =Ëææ ā 꽬ü öÄæêÚĬºÌöɇ Ú¬ =ö¬ ]Ú
āāü Ĭā×ËÃÄ¬Ä ā¬¬ ā ê½½ÚüÄɌ ê¬ËË˺¬ ÷ ×Úāü æüà öÞ×Ĭ Ë×Úö¢
ÃêāüāÄ ¬ ¤ÚĈāÄɌ sÞāüÞæºË æË Þ×Úö¬ɇ Ą ÞÂê©ā Äæü©Ã¬Þæ ×ÚāÄËÞā Þ¬¢ ö
×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æɇ ºæÌÚ¤Ë Âê¤Ë Ĭ © Ë×êÞāāɌ ê¬ËË˺¬
süöĬæö 9êÄ¤ËąÞº ÞæÄËö¬ Ëö¬Ã öÞ×Ĭ āö¢ ½ · ÚËā¬Äü ɫ êā
⬬ öÚĄ½¬öË߬ Ä Ëæā·ü ßö¬æɇ ½ ¬© ÚËā¬Ìö Þ ÞÄæüÃÄæ½Äüà ×ËöÚËæÃ
Ë āÞÌö ⬬ÅÞæöɌ sÞ×Ì½Ä ÞÂê©Ä¬ æü© ö¬¤·ü© ¬ āĺËì¬
āÚ½¬āËöÄü© ×Ë ö⤽¢Ã ·¢āüºËöüà ¬ ¬ÄæÚ×Úæü·Äüà Ë×Ëö¬ß¬ êÃËĄ½¬ö¬
Äö¬āĬ Þ¬½Ä· ö¬¢ā¬ ì¢āü×˺˽ĬËö·ɇ ºæÌÚ æÚö½ ā× ö ×ì¢ āÚÌöÄË
Ä
⬬ËÃɇ ·º ¬ ¬© ÚËā¬ËÃɌ
süöĬæöË 9êÄ¤ËąÞº ×˽ ê¬ËË˺¬
ā º½Þüº ½¬æÚæêÚü ⬬¢·
~©¢Ãü Ë ā×ËāÄĬ
Þ¬¢ ā ÄÞā Ë£Úæ ËÚā
Ëö¬āĬ ÄÞā· ÞæÚËÄü
¬ÄæÚÄæËö· ËÚā Þº½×ê
¬ÄæÚÄæËö¤ËɆ
öööɌ·êĤËöÞºɌ×½
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
.ÞæÄ¬· ÚÌöĬĄ ÃËĄ½¬öËß āËڤĬāËöĬ ½ ¤Úê×ü ⬬ Þ×ËæºÄ¬
êæËÚÞº¬¤Ë ā üæ 9êĤËöÞºɌ ]āā¤ÌÂü Ä ÞæÚËĬ ¬ÄæÚÄæËö·Ɍ
]ā꺷 ö Ä·½×Þāü©
9êĤɬËąɬÞº üæ 9êĤËöÞº ]×Ɍ;Ɍ ºÞ¬¢¤ÚĬ© ËÚā ÄɆ
ê½Ɍ ;Úü×Þº Ǿȃɇ ǼȀɬǼȄǾ sÚÞāöɇ V˽޺
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
süöĬæöË 9êÄ¤ËąÞº æË āËÂËö ×˽޺ ËĈüÄ Þ×·½¬āê· Þ¬¢ ö öüöĬê
öüÞ˺¬· ·ºË߬ ê¬ËË˺Ìö ā º½Þüº ½¬æÚæêÚü ⬬¢·Ɍ V¬¢ºÄ ©¬ÞæËÚ¬ êæËÚÞæö
ÞæÚ¬ =¬Ä¤ÚÄ ¬ Ú¬© ;ÞæÄÚ ö ÚöêÚËö· ¬ÄæÚ×Úæ·¬ üæü 9êĤËöÞº¬· ¬
V¬ËæÚ %ÚËÄāöÞº¬¤Ë ÞāüºË ×ˬÂü ÞÚ ö¬½ê ×˽޺¬© ⬬ ¬ ¬© ÚËā¬Ìöɇ Þæ·
Þ¬¢ ÞæÞ½½Úì ÚüĺËöüìɌ Ë©æÚì æü© Ë×Ëö¬ß¬ Þ Ëö¬Ã êö¬½¬Ä ×Úāā
⬬ Ä Âüà ßö¬¬ ×ËÞæ¬Ɇ V¬×׬ VËÅāËÞāĺɇ ;Ú½½ÞËÄ ā ©êɇ ì½ ā
]ýĬ¬ɇ æºæüö ½Ëúõ¬Þæɇ YÞÃêÞɇ =Ëææ ā 꽬ü öÄæêÚĬºÌöɇ Ú¬ =ö¬ ]Ú
āāü Ĭā×ËÃÄ¬Ä ā¬¬ ā ê½½ÚüÄɌ ê¬ËË˺¬ ÷ ×Úāü æüà öÞ×Ĭ Ë×Úö¢
ÃêāüāÄ ¬ ¤ÚĈāÄɌ sÞāüÞæºË æË Þ×Úö¬ɇ Ą ÞÂê©ā Äæü©Ã¬Þæ ×ÚāÄËÞā Þ¬¢ ö
×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æɇ ºæÌÚ¤Ë Âê¤Ë Ĭ © Ë×êÞāāɌ ê¬ËË˺¬
süöĬæö 9êÄ¤ËąÞº ÞæÄËö¬ Ëö¬Ã öÞ×Ĭ āö¢ ½ · ÚËā¬Äü ɫ êā
⬬ öÚĄ½¬öË߬ Ä Ëæā·ü ßö¬æɇ ½ ¬© ÚËā¬Ìö Þ ÞÄæüÃÄæ½Äüà ×ËöÚËæÃ
Ë āÞÌö ⬬ÅÞæöɌ sÞ×Ì½Ä ÞÂê©Ä¬ æü© ö¬¤·ü© ¬ āĺËì¬
āÚ½¬āËöÄü© ×Ë ö⤽¢Ã ·¢āüºËöüà ¬ ¬ÄæÚ×Úæü·Äüà Ë×Ëö¬ß¬ êÃËĄ½¬ö¬
Äö¬āĬ Þ¬½Ä· ö¬¢ā¬ ì¢āü×˺˽ĬËö·ɇ ºæÌÚ æÚö½ ā× ö ×ì¢ āÚÌöÄË
Ä
⬬ËÃɇ ·º ¬ ¬© ÚËā¬ËÃɌ
süöĬæöË 9êÄ¤ËąÞº ×˽ ê¬ËË˺¬
ā º½Þüº ½¬æÚæêÚü ⬬¢·
~©¢Ãü Ë ā×ËāÄĬ
Þ¬¢ ā ÄÞā Ë£Úæ ËÚā
Ëö¬āĬ ÄÞā· ÞæÚËÄü
¬ÄæÚÄæËö· ËÚā Þº½×ê
¬ÄæÚÄæËö¤ËɆ
öööɌ·êĤËöÞºɌ×½
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
.ÞæÄ¬· ÚÌöĬĄ ÃËĄ½¬öËß āËڤĬāËöĬ ½ ¤Úê×ü ⬬ Þ×ËæºÄ¬
êæËÚÞº¬¤Ë ā üæ 9êĤËöÞºɌ ]āā¤ÌÂü Ä ÞæÚËĬ ¬ÄæÚÄæËö·Ɍ
]ā꺷 ö Ä·½×Þāü©
9êĤɬËąɬÞº üæ 9êĤËöÞº ]×Ɍ;Ɍ ºÞ¬¢¤ÚĬ© ËÚā ÄɆ
ê½Ɍ ;Úü×Þº Ǿȃɇ ǼȀɬǼȄǾ sÚÞāöɇ V˽޺
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
5VYQT\QPQ \ TCFQʋEKɁ FNC 6YQLGL TCFQʋEK
> REW^IKS HSVSW]GL TVEKRMIRME YW^G^ʚ˒PM[MIRME (^MIGM SVE^ ^ ^EQMS[ERME HS TV^IHQMSXɹ[ RMIXY^MROS[]GL S SV]KMREPR]Q
HIWMKRMI TS[WXE] REW^I FEWIRMOM
2S[SG^IWRI TEWYNʈGI HS OE˵HIKS [RʚXV^E E ^EVE^IQ HENʈGI (^MIGMSQ QRɹWX[S VEHS˒GM SVE^ HSWOSREPI WX]QYPYNʈGI MGL
VS^[ɹN 7OSQTSRYN W[ɹN []QEV^SR] ^IWXE[ M GMIW^ WMʚ ^ VEHS˒GM 8[SNIKS (^MIGOE SVE^ ^ []NʈXOS[IKS HIWMKRY OXɹV] HPE 2MIKS
WX[SV^]I˒
56914<101 < 4#&1ʊ%+ɀ &.# 691,', 4#&1ʊ%+
1,(32:7$5=$/1< '(6,*1
1$ 5<1.8 2' 52.8
%$6(1< : 5ĸ1<&+ 2'&,(1,$&+
321$'&=$62:(- 6=$52ę&,
3,ā., : .2/25$&+
52=0,$5< %$6(1:
[[[ QMRMFI TP
;EPM^OE &IH&S\o NIWX RMI^EWXʈTMSR]Q XS[EV^]W^IQ TSHVɹ˵] HPE H^MIGM 8S FEKE˵
TSHVʚG^R] [EPM^OE HS NE^H] SVE^ ɹ˵OS TSHRɹ˵IO HS WEQSPSXY [ NIHR]Q QMRMFI$QMRMFI TP
5VYQT\QPQ \ TCFQʋEKɁ FNC 6YQLGL TCFQʋEK
> REW^IKS HSVSW]GL TVEKRMIRME YW^G^ʚ˒PM[MIRME (^MIGM SVE^ ^ ^EQMS[ERME HS TV^IHQMSXɹ[ RMIXY^MROS[]GL S SV]KMREPR]Q
HIWMKRMI TS[WXE] REW^I FEWIRMOM
2S[SG^IWRI TEWYNʈGI HS OE˵HIKS [RʚXV^E E ^EVE^IQ HENʈGI (^MIGMSQ QRɹWX[S VEHS˒GM SVE^ HSWOSREPI WX]QYPYNʈGI MGL
VS^[ɹN 7OSQTSRYN W[ɹN []QEV^SR] ^IWXE[ M GMIW^ WMʚ ^ VEHS˒GM 8[SNIKS (^MIGOE SVE^ ^ []NʈXOS[IKS HIWMKRY OXɹV] HPE 2MIKS
WX[SV^]I˒
56914<101 < 4#&1ʊ%+ɀ &.# 691,', 4#&1ʊ%+
1,(32:7$5=$/1< '(6,*1
1$ 5<1.8 2' 52.8
%$6(1< : 5ĸ1<&+ 2'&,(1,$&+
321$'&=$62:(- 6=$52ę&,
3,ā., : .2/25$&+
52=0,$5< %$6(1:
[[[ QMRMFI TP
;EPM^OE &IH&S\o NIWX RMI^EWXʈTMSR]Q XS[EV^]W^IQ TSHVɹ˵] HPE H^MIGM 8S FEKE˵
TSHVʚG^R] [EPM^OE HS NE^H] SVE^ ɹ˵OS TSHRɹ˵IO HS WEQSPSXY [ NIHR]Q QMRMFI$QMRMFI TP
;êú æË ĈÚà ÚËā¬ÄÄ ÞæöËÚāËÄ ×Úāā ×ËāöÌÚÄ Ãâ ā Ëßö¬āĬɇ פ˥º¢
ā öüºÞāæÂĬ ¬ êÞā¢ ÚæüÞæüāÄ ā êÞ×ËÞˬĬ ½ Ãà ¬ ¬© Vˬ©Ɍ cöËÚāüÃü ×Úā
öÞāüÞæº¬Ã ºËÄæÚÞæËö ÚæüºêÂü æºÞæü½Ä ½ ĬÃËö½æ ¬ ⬬ɇ öÞ׬ڷ ÚËāöÌ· ÞÄÞËÚüāÄüɌ
D ×ËÞæö¬ āËüæ· ö¬āü ¬ Ëßö¬āĬ ö¬Ãüɇ ·º öĄÄ ·Þæ ÚËāö¬·Ä¬ ×ËæÄ·Âê C½ê©
×Ë×Úāā ËÞæÚāĬ Ãê Ë×Ëö¬Ä¬© ËĂÌö ā Ëæā·¤Ë ¤Ë ßö¬æ Ë ×¬ÚöÞāü© ©ö¬½
Ąü¬Ɍ 9Þæ æË ÃËĄ½¬ö ⬢º¬ öüºËÚāüÞæÄ¬ê Ë×Ëö¬Ä¬Ë ËÚÄ· ºË½ËÚüÞæü Úöɇ ¤üĄ ÄÞā
C½êÞāº¬ ö¬ā ǿǼ Úāü Þ¬· ĬĄ ÃüɌ ~ÞæËÞËöĬ āß ÚÌĄÄËÚËÄ· £ºæêÚü ÃæÚ¬ÂÌö ×Ëāö½ Ãê
ÚËāö¬· āÃüÞÂü Ëæüºê ¬ ÞÂê©êɌ
9Ą½¬ ¬ÄæÚÞê· ¬¢ ºËÄºÚæÄü ×ÚËêºæ ½ê ÃÚāüÞā Ë êÞāüæºê
ö Ëö˽ķ ºË½ËÚüÞæüɇ ÞºËÄæºæê· Þ¬¢ ā ÃÄ ×Ë×ÚāāɆ
ȁǼȄ ȁȅǼ ȂȄǼ Þº½×ʱºêúɌËÃɌ×½
öööɌºêúɌËÃɌ×½
;êú æË ĈÚà ÚËā¬ÄÄ ÞæöËÚāËÄ ×Úāā ×ËāöÌÚÄ Ãâ ā Ëßö¬āĬɇ פ˥º¢
ā öüºÞāæÂĬ ¬ êÞā¢ ÚæüÞæüāÄ ā êÞ×ËÞˬĬ ½ Ãà ¬ ¬© Vˬ©Ɍ cöËÚāüÃü ×Úā
öÞāüÞæº¬Ã ºËÄæÚÞæËö ÚæüºêÂü æºÞæü½Ä ½ ĬÃËö½æ ¬ ⬬ɇ öÞ׬ڷ ÚËāöÌ· ÞÄÞËÚüāÄüɌ
D ×ËÞæö¬ āËüæ· ö¬āü ¬ Ëßö¬āĬ ö¬Ãüɇ ·º öĄÄ ·Þæ ÚËāö¬·Ä¬ ×ËæÄ·Âê C½ê©
×Ë×Úāā ËÞæÚāĬ Ãê Ë×Ëö¬Ä¬© ËĂÌö ā Ëæā·¤Ë ¤Ë ßö¬æ Ë ×¬ÚöÞāü© ©ö¬½
Ąü¬Ɍ 9Þæ æË ÃËĄ½¬ö ⬢º¬ öüºËÚāüÞæÄ¬ê Ë×Ëö¬Ä¬Ë ËÚÄ· ºË½ËÚüÞæü Úöɇ ¤üĄ ÄÞā
C½êÞāº¬ ö¬ā ǿǼ Úāü Þ¬· ĬĄ ÃüɌ ~ÞæËÞËöĬ āß ÚÌĄÄËÚËÄ· £ºæêÚü ÃæÚ¬ÂÌö ×Ëāö½ Ãê
ÚËāö¬· āÃüÞÂü Ëæüºê ¬ ÞÂê©êɌ
9Ą½¬ ¬ÄæÚÞê· ¬¢ ºËÄºÚæÄü ×ÚËêºæ ½ê ÃÚāüÞā Ë êÞāüæºê
ö Ëö˽ķ ºË½ËÚüÞæüɇ ÞºËÄæºæê· Þ¬¢ ā ÃÄ ×Ë×ÚāāɆ
ȁǼȄ ȁȅǼ ȂȄǼ Þº½×ʱºêúɌËÃɌ×½
öööɌºêúɌËÃɌ×½
YËĄº ĬÃËö½¢ü Væ©öËÚº YËĄº ĬÃËö½¢ü āÚÄ ×׬æº
YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ
öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë
×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬ ×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬
ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ
ÄɆ ǽǿȅɇǼǼ ā ÄɆ ȃȂɇǼǼ āÂ
VË߬½ ĬÃËö½¢ C¬Äºü Ú¬Ä¬Þæ ©ÃêÚº¬
āÚÄË ɫ ¬Âɇ ß½¬āÄ ×Ë߬½ Ë ÂÌĄāº Ä¬ÃËö½¢¤Ë ;˺ËÄ Ä¬ÃËö½¢ü Væ©öËÚº
æË ËËö¬āºËöü ½ÃÄæ C½êÞāºËö· öü×Úöº¬Ɍ 9Þæ Ĭ ;˺ËÄ Ä¬ÃËö½¢ü ½¬ºæÄ¬ Ëæê½ C½êÞāº ¬ ā×öĬ Ãê
æü½ºË ·· Ĭā¢Äüà ½ÃÄæÃɇ ½ ÞæÄËö¬ ÚÌöĬĄ ×Ëāê¬ ā׬āÅÞæöɇ āÃĬ·Þā· ×ÚāÞæÚāÅ ö˺ÌÂ
׬¢ºÄ ËāË¢ ⬬¢¤Ë ×˺ˬºêɌ Ĭ¤Ë ×ËËĬ ·º ö ÚāêÞāºê ÃÃüɌ
ÄɆ ǽǼȀɇǼǼ ā ÄɆ ǽȂǼɇǼǼ āÂ
;ËÞā Ä āöº¬ V¬Ä¤ö¬Ä YËĄº ĬÃËö½¢ü Ú¬Ä¬Þæ ©ÃêÚº¬
;¬ü āöº¬ ×ÄËÞā Þ¬¢ ×Ë ×ËÂËāɇ ÃæÚ¬ÂËöü ºËÞā YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ
V¬Ä¤ö¬Ä ā ÂæöË߬ ¬ ×Úāü·ÃÄË߬ ×ËÃËĄ cöË·Ãê öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë
ā¬ºê āÄ½Ă ¬Ã ÞöË· ì·Þɇ ËæºËöË ¢ā¬ ×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬
׬¢ºÄ¬ Ëā¬Â ⬬¢ü ×˺ˬºɌ ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ
ÄɆ ȃȁɇǼǼ ā ÄɆ ȃȂɇǼǼ āÂ
;˺ËÄ Ä¬ÃËö½¢ü ¬Â ©ÃêÚº¬ VËêÞāº ÃËæü½º ¬Â ©ÃêÚº¬
;˺ËÄ Ä¬ÃËö½¢ü ¬Â ©ÃêÚº¬ ½¬ºæÄ¬ Ëæê½ C½êÞāº VËêÞāº CËæü½º ā×öĬ ºËãËÚæ ¬ ā׬āÅÞæöË
¬ ā×öĬ Ãê ×Ëāê¬ ā׬āÅÞæöɇ āÃĬ·Þā· C½ÅÞæö ×ËāÞ Þ×ÚÌöɌ ]×Úö¬ɇ Ą ºĄ ×ËÚÌĄ
×ÚāÞæÚāÅ ö˺Ì Ĭ¤Ë ×ËËĬ ·º ö ÚāêÞāºê ÃÃüɌ ÞæÄ¬ Þ¬¢ ×Úāü·ÃÄË߬Ɍ
ÄɆ ǽǾǼɇǼǼ ā ÄɆ ǿǾɇǼǼ āÂ
VËêÞāº VÄ VËêÞāº Ë ºÚìĬ ]ā©ËöĬ
C¬¢¬êæºɇ ì ö Ëæüºê ×ËêÞāº ö ºÞāæÂ¬ ×Äü ·Þæ VËêÞāº Ë ºÚìĬ ]ā©ËöĬɌ ]欽Äɇ
Ĭ æü½ºË ׬¢ºÄ ËāË ×˺ˬºê ā¬ºɇ ½ ÚÌöĬĄ ÞæÄ¬ ·ÄËāßĬ öü¤ËÄ ×ËêÞāº ö ºÞāæÂ¬ Úˤ½ɇ
Þ¬¢ ê½ê¬ËÄ ×ËêÞ¬ ×Úāüæê½ÄºɌ 9· ºËÄæÚÞæËö ºË½ËÚü ºæÌÚ ËÞºËĽ Þ×Úöā¬ Þ¬¢ ×ËāÞ ºÚìĬ C½êÞāºɌ
×ËÃˤ ö Ëā¬ÄÄ· ÞæüÃê½·¬ ÞÄÞËÚüāÄ· ā¬º ]×Úö¬ɇ Ą ©ö¬½ Þ×¢āËÄ Ä ºÚìĬê ÞæÄ Þ¬¢
¬ ×ËāÄöĬê ×Úāā Ĭ¤Ë Ëæā·¤Ë ¤Ë ßö¬æɌ ×Úāü·ÃÄɇ ì ¬ ºËãËÚæËö ½ CÃü ¬ C½êÞāºɌ
ÄɆ ȁȅɇǼǼ ā ÄɆ ȃȅɇǼǼ āÂ
ȁǼȄ ȁȅǼ ȂȄǼ Þº½×ʱºêúɌËÃɌ×½ öööɌºêúɌËÃɌ×½
YËĄº ĬÃËö½¢ü Væ©öËÚº YËĄº ĬÃËö½¢ü āÚÄ ×׬æº
YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ
öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë
×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬ ×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬
ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ
ÄɆ ǽǿȅɇǼǼ ā ÄɆ ȃȂɇǼǼ āÂ
VË߬½ ĬÃËö½¢ C¬Äºü Ú¬Ä¬Þæ ©ÃêÚº¬
āÚÄË ɫ ¬Âɇ ß½¬āÄ ×Ë߬½ Ë ÂÌĄāº Ä¬ÃËö½¢¤Ë ;˺ËÄ Ä¬ÃËö½¢ü Væ©öËÚº
æË ËËö¬āºËöü ½ÃÄæ C½êÞāºËö· öü×Úöº¬Ɍ 9Þæ Ĭ ;˺ËÄ Ä¬ÃËö½¢ü ½¬ºæÄ¬ Ëæê½ C½êÞāº ¬ ā×öĬ Ãê
æü½ºË ·· Ĭā¢Äüà ½ÃÄæÃɇ ½ ÞæÄËö¬ ÚÌöĬĄ ×Ëāê¬ ā׬āÅÞæöɇ āÃĬ·Þā· ×ÚāÞæÚāÅ ö˺ÌÂ
׬¢ºÄ ËāË¢ ⬬¢¤Ë ×˺ˬºêɌ Ĭ¤Ë ×ËËĬ ·º ö ÚāêÞāºê ÃÃüɌ
ÄɆ ǽǼȀɇǼǼ ā ÄɆ ǽȂǼɇǼǼ āÂ
;ËÞā Ä āöº¬ V¬Ä¤ö¬Ä YËĄº ĬÃËö½¢ü Ú¬Ä¬Þæ ©ÃêÚº¬
;¬ü āöº¬ ×ÄËÞā Þ¬¢ ×Ë ×ËÂËāɇ ÃæÚ¬ÂËöü ºËÞā YËĄº ĬÃËö½¢ü ·Þæ ×ËÞæöËöüà ½ÃÄæÃ
V¬Ä¤ö¬Ä ā ÂæöË߬ ¬ ×Úāü·ÃÄË߬ ×ËÃËĄ cöË·Ãê öü×Úöº¬ ĬÃËö½¢·Ɍ ½¬ºæÄ¬ Ëæê½¬ C½êÞāº ×Ë
ā¬ºê āÄ½Ă ¬Ã ÞöË· ì·Þɇ ËæºËöË ¢ā¬ ×ËÚËā¬ɇ ā×öĬ· ¬×ÂË ËÚā ×Ëāê¬
׬¢ºÄ¬ Ëā¬Â ⬬¢ü ×˺ˬºɌ ā׬āÅÞæö ö ׬ÚöÞāü© æü¤ËĬ© Ąü¬Ɍ
ÄɆ ȃȁɇǼǼ ā ÄɆ ȃȂɇǼǼ āÂ
;˺ËÄ Ä¬ÃËö½¢ü ¬Â ©ÃêÚº¬ VËêÞāº ÃËæü½º ¬Â ©ÃêÚº¬
;˺ËÄ Ä¬ÃËö½¢ü ¬Â ©ÃêÚº¬ ½¬ºæÄ¬ Ëæê½ C½êÞāº VËêÞāº CËæü½º ā×öĬ ºËãËÚæ ¬ ā׬āÅÞæöË
¬ ā×öĬ Ãê ×Ëāê¬ ā׬āÅÞæöɇ āÃĬ·Þā· C½ÅÞæö ×ËāÞ Þ×ÚÌöɌ ]×Úö¬ɇ Ą ºĄ ×ËÚÌĄ
×ÚāÞæÚāÅ ö˺Ì Ĭ¤Ë ×ËËĬ ·º ö ÚāêÞāºê ÃÃüɌ ÞæÄ¬ Þ¬¢ ×Úāü·ÃÄË߬Ɍ
ÄɆ ǽǾǼɇǼǼ ā ÄɆ ǿǾɇǼǼ āÂ
VËêÞāº VÄ VËêÞāº Ë ºÚìĬ ]ā©ËöĬ
C¬¢¬êæºɇ ì ö Ëæüºê ×ËêÞāº ö ºÞāæÂ¬ ×Äü ·Þæ VËêÞāº Ë ºÚìĬ ]ā©ËöĬɌ ]欽Äɇ
Ĭ æü½ºË ׬¢ºÄ ËāË ×˺ˬºê ā¬ºɇ ½ ÚÌöĬĄ ÞæÄ¬ ·ÄËāßĬ öü¤ËÄ ×ËêÞāº ö ºÞāæÂ¬ Úˤ½ɇ
Þ¬¢ ê½ê¬ËÄ ×ËêÞ¬ ×Úāüæê½ÄºɌ 9· ºËÄæÚÞæËö ºË½ËÚü ºæÌÚ ËÞºËĽ Þ×Úöā¬ Þ¬¢ ×ËāÞ ºÚìĬ C½êÞāºɌ
×ËÃˤ ö Ëā¬ÄÄ· ÞæüÃê½·¬ ÞÄÞËÚüāÄ· ā¬º ]×Úö¬ɇ Ą ©ö¬½ Þ×¢āËÄ Ä ºÚìĬê ÞæÄ Þ¬¢
¬ ×ËāÄöĬê ×Úāā Ĭ¤Ë Ëæā·¤Ë ¤Ë ßö¬æɌ ×Úāü·ÃÄɇ ì ¬ ºËãËÚæËö ½ CÃü ¬ C½êÞāºɌ
ÄɆ ȁȅɇǼǼ ā ÄɆ ȃȅɇǼǼ āÂ
ȁǼȄ ȁȅǼ ȂȄǼ Þº½×ʱºêúɌËÃɌ×½ öööɌºêúɌËÃɌ×½
2EW^ EWSVX]QIRX XS SJIVXE RMI X]POS HPE OSFMIX ś 0INHM TP XS WOPIT MRXIVRIXS[] SJIVYNÈG] V¶[RMIľ YFVERME H^MIGMÜGI HPE
H^MI[G^]RIO M GLąSTG¶[ XEOMI NEO W^PEJVSG^OM TąEW^G^]OM FPY^] FYGMOM RMIQS[PÜGI G^] WYOMIROM 4V^]OąEHEQ] [MIPOÈ
[EKÜ HS NEOSĝGM HSWXÜTR]GL Y REW TVSHYOX¶[ ;ąEĝRMI HPEXIKS HIG]HYNÈG WMÜ RE ^EOYT] [ REW^]Q WOPITMI
MRXIVRIXS[]Q QSľIW^ F]Ê TI[MIR ľI []FMIVEW^ X]POS RENPITW^] KEXYROS[S XV[Eą] M RMI^[]OPI EXVEOG]NR] [M^YEPRMI
TąEW^G^]O G^] MRR] IPIQIRX KEVHIVSF] 2E XIN WXVSRMI QEQ] TV^]NIQRSĝÊ ^ETVSTSRS[EÊ XMYPS[I WYOMIROM HPE
H^MI[G^]RIO W^PEJVSG^OM FPY^] H^MIGMÜGI OSVSROS[I FSH] E XEOľI FYGMOM RMIQS[PÜGI OX¶VI WTVE[H^È WMÜ V¶[RMIľ
HPE GLąSTPE GLąSTG¶[ (SWXÜTRI [ XIN OEXIKSVMM YFVERME HSWOSREPI SHTS[MIH^È RE SG^IOM[ERME OEľHIKS VSH^MGE OX¶V^] HPE
H
W[SMGL TSGMIGL []FMIVE SH^MIľ QSHRÈ M NIHRSG^IĝRMI XV[EąÈ
;;; 0).(- 7/0)4 40 %22% /Û(>-%
YP .SEGLMQE 0IPI[IPE /SW^EPMR
XIP TSRMIH^MEą)/ TMÈXIO [ KSH^ I QEMP ^EQS[MIRMI$PINHM TP
[[[ PINHM TP
2EW^ EWSVX]QIRX XS SJIVXE RMI X]POS HPE OSFMIX ś 0INHM TP XS WOPIT MRXIVRIXS[] SJIVYNÈG] V¶[RMIľ YFVERME H^MIGMÜGI HPE
H^MI[G^]RIO M GLąSTG¶[ XEOMI NEO W^PEJVSG^OM TąEW^G^]OM FPY^] FYGMOM RMIQS[PÜGI G^] WYOMIROM 4V^]OąEHEQ] [MIPOÈ
[EKÜ HS NEOSĝGM HSWXÜTR]GL Y REW TVSHYOX¶[ ;ąEĝRMI HPEXIKS HIG]HYNÈG WMÜ RE ^EOYT] [ REW^]Q WOPITMI
MRXIVRIXS[]Q QSľIW^ F]Ê TI[MIR ľI []FMIVEW^ X]POS RENPITW^] KEXYROS[S XV[Eą] M RMI^[]OPI EXVEOG]NR] [M^YEPRMI
TąEW^G^]O G^] MRR] IPIQIRX KEVHIVSF] 2E XIN WXVSRMI QEQ] TV^]NIQRSĝÊ ^ETVSTSRS[EÊ XMYPS[I WYOMIROM HPE
H^MI[G^]RIO W^PEJVSG^OM FPY^] H^MIGMÜGI OSVSROS[I FSH] E XEOľI FYGMOM RMIQS[PÜGI OX¶VI WTVE[H^È WMÜ V¶[RMIľ
HPE GLąSTPE GLąSTG¶[ (SWXÜTRI [ XIN OEXIKSVMM YFVERME HSWOSREPI SHTS[MIH^È RE SG^IOM[ERME OEľHIKS VSH^MGE OX¶V^] HPE
H
W[SMGL TSGMIGL []FMIVE SH^MIľ QSHRÈ M NIHRSG^IĝRMI XV[EąÈ
;;; 0).(- 7/0)4 40 %22% /Û(>-%
YP .SEGLMQE 0IPI[IPE /SW^EPMR
XIP TSRMIH^MEą)/ TMÈXIO [ KSH^ I QEMP ^EQS[MIRMI$PINHM TP
[[[ PINHM TP
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI ` WYOMIROM [ ;]NÈXOS[E WYOMIROE H^MI[G^ÜGE ` IPIKERGOMI WYOMIROM HPE H^MI[G^]RIO
WX]PY TMR YT VIXVS WYOMIROM HPE H^MI[G^]RIO 4MÜORE YRMOEXS[E WYOMIROE ^ KMTMYVS[È OSVSROÈ TV^] W^]M HPE H^MI[G^]ROM 7YOMIROE (¶ą V¶[RMIľ SFW^]X] TS
FV^IKEGL OSVSROÈ 7YOMIROE RE []NÈXOS[I SOE^NI [IWIPI YVSH^MR] OSQYRMI 7YOMIROE TSWMEHE TMÜORI
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI WX]PM^S[ERE NIWX RE PEXE XI XI SFW^]GMI OSVSROS[I X[SV^ÈGI HIOSPX FPSWOS W^]M SVE^ OV¶XOM VÜOE[IO 8]ą TMÜORMI TV^IHąY^SR] X[SV^ÈG] PIOOM
7YOMIROE H¶ą VS^OPSW^S[ER] 7YOMIROE WXERS[M V¶[RMIľ OSQTPIX HS WYOMIROM WX]P VIXVS ; TEWMI KVEREXS[] TEW ^ TMÜORÈ HYľÈ OSOEVHÈ ^ X]ąY 7YOMIROE []OSRERE ^ OSVSROM XMYPY M TSHW^I[OM
[ WX]PY TMR YT [ G^IV[SRI V¶ľI H^MÜOM G^IQY QEQE M G¶VOE FÜHE X[SV^]Ê ^KVERE TEVÜ
TSH WTSHIQ
'IRE ^ą 'IRE ^ą
7YOMIROE HPE H^MI[G^]ROM [
G^IV[SRI O[MEX] ` WYOMIROM HPE
H^MI[G^]RIO RE PEXS
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI
WX]PM^S[ERE NIWX RE PEXE XI XI 7YOMIROE
H¶ą VS^OPSW^S[ER] 7YOMIROE WXERS[M
V¶[RMIľ OSQTPIX HS WYOMIROM [ WX]PY TMR YT
[ G^IV[SRI V¶ľI H^MÜOM G^IQY QEQE M G¶VOE
FÜHE X[SV^]Ê ^KVERE TEVÜ
'IRE ^ą
7YOMIROE HPE H^MI[G^]ROM
[ RMIFMIWOMI O[MEX] ` WYOMIROM
[ WX]PY TMR YT VIXVS WYOMIROM
HPE H^MI[G^]RIO
7YOMIROE HPE H^MI[G^]ROM WX]PM^S[ERE NIWX RE PEXE
XI XI 7YOMIROE NIWX ^HSFMSRE O[MEXEQM RE
GEąSĝGM [ OSPSV^I RMIFMIWOMQ H¶ą VS^OPSW^S[ER] .EWRSV¶ľS[E WYOMIROE ^ TIVIąOEQM HPE H^MI[G^]ROM ` WYOMIROM
7YOMIROE WXERS[M V¶[RMIľ OSQTPIX HS WYOMIROM [ ^ TIVIąOEQM HPE H^MI[G^]ROM
WX]PY TMR YT [ RMIFMIWOMI O[MEX] H^MÜOM G^IQY
QEQE M G¶VOE FÜHE X[SV^]Ê ^KVERE TEVÜ .EWRSV¶ľS[E WYOMIROE HPE H^MI[G^]ROM 7YOMIROE ^HSFMSRE W^XYG^R]QM TIVIąOEQM SVE^
OSVSROS[]Q TEWIQ 7YOMIROE [ HSPRIN G^ÜĝGM []OSRERE ^ SVKER^] K¶VE WEX]RS[E
'IRE ^ą 7YOMIROE ^ TSHW^I[OE ^ETMRERE ^ X]ąY RE ^EQIO (SWOSREPI WTVE[H^M WMÜ NEOS WYOMIROE HPE
H^MI[G^]ROM RE [IWIPI G^] YVSH^MR] M MRRI [EľRI SOE^NI /SPSV NEWR] V¶ľ NEO RE Ką¶[R]Q
^HNÜGMY ^HNÜGME RE QERIOMRMI PIOOS VS^NEĝRMSRI TV^I^ Fą]WO ƚIW^E 79OMIROE TSWMEHE
[EVWX[] XMYPY WEX]RI SVE^ OV]RSPMRÜ YRSW^ÈGE WYOMIROÜ M TSHW^I[OÜ
'IRE ^ą
;;; 0).(- 7/0)4 40 %22% /Û(>-%
YP .SEGLMQE 0IPI[IPE /SW^EPMR
XIP TSRMIH^MEą)/ TMÈXIO [ KSH^ I QEMP ^EQS[MIRMI$PINHM TP [[[ PINHM TP
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI ` WYOMIROM [ ;]NÈXOS[E WYOMIROE H^MI[G^ÜGE ` IPIKERGOMI WYOMIROM HPE H^MI[G^]RIO
WX]PY TMR YT VIXVS WYOMIROM HPE H^MI[G^]RIO 4MÜORE YRMOEXS[E WYOMIROE ^ KMTMYVS[È OSVSROÈ TV^] W^]M HPE H^MI[G^]ROM 7YOMIROE (¶ą V¶[RMIľ SFW^]X] TS
FV^IKEGL OSVSROÈ 7YOMIROE RE []NÈXOS[I SOE^NI [IWIPI YVSH^MR] OSQYRMI 7YOMIROE TSWMEHE TMÜORI
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI WX]PM^S[ERE NIWX RE PEXE XI XI SFW^]GMI OSVSROS[I X[SV^ÈGI HIOSPX FPSWOS W^]M SVE^ OV¶XOM VÜOE[IO 8]ą TMÜORMI TV^IHąY^SR] X[SV^ÈG] PIOOM
7YOMIROE H¶ą VS^OPSW^S[ER] 7YOMIROE WXERS[M V¶[RMIľ OSQTPIX HS WYOMIROM WX]P VIXVS ; TEWMI KVEREXS[] TEW ^ TMÜORÈ HYľÈ OSOEVHÈ ^ X]ąY 7YOMIROE []OSRERE ^ OSVSROM XMYPY M TSHW^I[OM
[ WX]PY TMR YT [ G^IV[SRI V¶ľI H^MÜOM G^IQY QEQE M G¶VOE FÜHE X[SV^]Ê ^KVERE TEVÜ
TSH WTSHIQ
'IRE ^ą 'IRE ^ą
7YOMIROE HPE H^MI[G^]ROM [
G^IV[SRI O[MEX] ` WYOMIROM HPE
H^MI[G^]RIO RE PEXS
7YOMIROE HPE H^MI[G^]ROM [ G^IV[SRI V¶ľI
WX]PM^S[ERE NIWX RE PEXE XI XI 7YOMIROE
H¶ą VS^OPSW^S[ER] 7YOMIROE WXERS[M
V¶[RMIľ OSQTPIX HS WYOMIROM [ WX]PY TMR YT
[ G^IV[SRI V¶ľI H^MÜOM G^IQY QEQE M G¶VOE
FÜHE X[SV^]Ê ^KVERE TEVÜ
'IRE ^ą
7YOMIROE HPE H^MI[G^]ROM
[ RMIFMIWOMI O[MEX] ` WYOMIROM
[ WX]PY TMR YT VIXVS WYOMIROM
HPE H^MI[G^]RIO
7YOMIROE HPE H^MI[G^]ROM WX]PM^S[ERE NIWX RE PEXE
XI XI 7YOMIROE NIWX ^HSFMSRE O[MEXEQM RE
GEąSĝGM [ OSPSV^I RMIFMIWOMQ H¶ą VS^OPSW^S[ER] .EWRSV¶ľS[E WYOMIROE ^ TIVIąOEQM HPE H^MI[G^]ROM ` WYOMIROM
7YOMIROE WXERS[M V¶[RMIľ OSQTPIX HS WYOMIROM [ ^ TIVIąOEQM HPE H^MI[G^]ROM
WX]PY TMR YT [ RMIFMIWOMI O[MEX] H^MÜOM G^IQY
QEQE M G¶VOE FÜHE X[SV^]Ê ^KVERE TEVÜ .EWRSV¶ľS[E WYOMIROE HPE H^MI[G^]ROM 7YOMIROE ^HSFMSRE W^XYG^R]QM TIVIąOEQM SVE^
OSVSROS[]Q TEWIQ 7YOMIROE [ HSPRIN G^ÜĝGM []OSRERE ^ SVKER^] K¶VE WEX]RS[E
'IRE ^ą 7YOMIROE ^ TSHW^I[OE ^ETMRERE ^ X]ąY RE ^EQIO (SWOSREPI WTVE[H^M WMÜ NEOS WYOMIROE HPE
H^MI[G^]ROM RE [IWIPI G^] YVSH^MR] M MRRI [EľRI SOE^NI /SPSV NEWR] V¶ľ NEO RE Ką¶[R]Q
^HNÜGMY ^HNÜGME RE QERIOMRMI PIOOS VS^NEĝRMSRI TV^I^ Fą]WO ƚIW^E 79OMIROE TSWMEHE
[EVWX[] XMYPY WEX]RI SVE^ OV]RSPMRÜ YRSW^ÈGE WYOMIROÜ M TSHW^I[OÜ
'IRE ^ą
;;; 0).(- 7/0)4 40 %22% /Û(>-%
YP .SEGLMQE 0IPI[IPE /SW^EPMR
XIP TSRMIH^MEą)/ TMÈXIO [ KSH^ I QEMP ^EQS[MIRMI$PINHM TP [[[ PINHM TP
1DJURGÇ GOD QDV VÇ XĕPLHFKQLÛWH WZDU]H QDV]\FK &]\WHOQLNµZ
ˊˬ˗˔˪ˡ˜˖˧˪ˢ ˆʵˀ ˜˦˧ˡ˜˘˝˘ ˢ˗ ʥʣʣʧ ˥ˢ˞˨ʡ
ˀ˔ˠˬ ˣˢˡ˔˗ ʥʣʣ ˧ˬ˧˨·ͅ˪ ˭ ˡ˔˝˥ͅκˡ˜˘˝˦˭ˬ˖˛ ˗˭˜˘˗˭˜ˡʡ ˆ͗ ˧ˢ ˞˦˜͗κ˞˜ ˭˔˥ͅ˪ˡˢ ˗˟˔ ˗˭˜˘˖˜ʟ ˝˔˞ ˜ ˗˟˔ ˗ˢ˥ˢ˦·ˬ˖˛ ˖˭ˬ˧˘˟ˡ˜˞ͅ˪ʡ
˂˙˘˥˧˔ ˦˞˜˘˥ˢ˪˔ˡ˔ ˗ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˝˘˦˧ ˕˔˥˗˭ˢ ˥ͅκˡˢ˥ˢ˗ˡ˔ʡ ˆ˞·˔˗˔˝͗ ˦˜ͩ ˡ˔ ˡ˜͗ ˭˕˜ˢ˥ˬ ˕˔˝˘˞ʟ ˕˔Νˡ˜ʟ ˟˘˚˘ˡ˗ ˜ ˪˜˘˥˦˭ˬʟ
˔ ˧˔˞κ˘ ˘ˡ˖ˬ˞˟ˢˣ˘˗˜˘ ˜ ˞˦˜͗κ˞˜ ˘˗˨˞˔˖ˬ˝ˡ˘ ˗˟˔ ˗˭˜˘˖˜ ˪ ˪˜˘˞˨ ˣ˥˭˘˗˦˭˞ˢ˟ˡˬˠ ˜ ˪˖˭˘˦ˡˢ˦˭˞ˢ˟ˡˬˠʡ
ʷˢ˥ˢ˦·ˬˠ ˖˭ˬ˧˘˟ˡ˜˞ˢˠ ˣˢ˟˘˖˔ˠˬ ˔˟˕˨ˠˬ ˞˥˔˝ˢ˭ˡ˔˪˖˭˘ ˜ ˧˘ˠ˔˧ˬ˖˭ˡ˘ʟ ˣˢ˥˔˗ˡ˜˞˜ ˗ˢ˧ˬ˖˭͗˖˘ ˦˧ˬ˟˨ κˬ˖˜˔ ˜ ˢ˚˥ˢ˗ˡ˜˖˧˪˔ʟ
˞˦˜͗κ˞˜ ˞˨˟˜ˡ˔˥ˡ˘ʟ ˣ˥˭˘˪ˢ˗ˡ˜˞˜ ˧˨˥ˬ˦˧ˬ˖˭ˡ˘ ˢ˥˔˭ ˔˧˟˔˦ˬ ˗˟˔ ˛ˢ˕˕ˬ˦˧ͅ˪ʡ
ˊˊˊʡˊˌʷʴˊˁʼʶˇˊ˂ˆʵˀʡ˃ʿ
ˆʵˀʳˊˌʷʴˊˁʼʶˇˊ˂ʠˆʵˀʡ˃ʿ
1DJURGÇ GOD QDV VÇ XĕPLHFKQLÛWH WZDU]H QDV]\FK &]\WHOQLNµZ
ˊˬ˗˔˪ˡ˜˖˧˪ˢ ˆʵˀ ˜˦˧ˡ˜˘˝˘ ˢ˗ ʥʣʣʧ ˥ˢ˞˨ʡ
ˀ˔ˠˬ ˣˢˡ˔˗ ʥʣʣ ˧ˬ˧˨·ͅ˪ ˭ ˡ˔˝˥ͅκˡ˜˘˝˦˭ˬ˖˛ ˗˭˜˘˗˭˜ˡʡ ˆ͗ ˧ˢ ˞˦˜͗κ˞˜ ˭˔˥ͅ˪ˡˢ ˗˟˔ ˗˭˜˘˖˜ʟ ˝˔˞ ˜ ˗˟˔ ˗ˢ˥ˢ˦·ˬ˖˛ ˖˭ˬ˧˘˟ˡ˜˞ͅ˪ʡ
˂˙˘˥˧˔ ˦˞˜˘˥ˢ˪˔ˡ˔ ˗ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ ˝˘˦˧ ˕˔˥˗˭ˢ ˥ͅκˡˢ˥ˢ˗ˡ˔ʡ ˆ˞·˔˗˔˝͗ ˦˜ͩ ˡ˔ ˡ˜͗ ˭˕˜ˢ˥ˬ ˕˔˝˘˞ʟ ˕˔Νˡ˜ʟ ˟˘˚˘ˡ˗ ˜ ˪˜˘˥˦˭ˬʟ
˔ ˧˔˞κ˘ ˘ˡ˖ˬ˞˟ˢˣ˘˗˜˘ ˜ ˞˦˜͗κ˞˜ ˘˗˨˞˔˖ˬ˝ˡ˘ ˗˟˔ ˗˭˜˘˖˜ ˪ ˪˜˘˞˨ ˣ˥˭˘˗˦˭˞ˢ˟ˡˬˠ ˜ ˪˖˭˘˦ˡˢ˦˭˞ˢ˟ˡˬˠʡ
ʷˢ˥ˢ˦·ˬˠ ˖˭ˬ˧˘˟ˡ˜˞ˢˠ ˣˢ˟˘˖˔ˠˬ ˔˟˕˨ˠˬ ˞˥˔˝ˢ˭ˡ˔˪˖˭˘ ˜ ˧˘ˠ˔˧ˬ˖˭ˡ˘ʟ ˣˢ˥˔˗ˡ˜˞˜ ˗ˢ˧ˬ˖˭͗˖˘ ˦˧ˬ˟˨ κˬ˖˜˔ ˜ ˢ˚˥ˢ˗ˡ˜˖˧˪˔ʟ
˞˦˜͗κ˞˜ ˞˨˟˜ˡ˔˥ˡ˘ʟ ˣ˥˭˘˪ˢ˗ˡ˜˞˜ ˧˨˥ˬ˦˧ˬ˖˭ˡ˘ ˢ˥˔˭ ˔˧˟˔˦ˬ ˗˟˔ ˛ˢ˕˕ˬ˦˧ͅ˪ʡ
ˊˊˊʡˊˌʷʴˊˁʼʶˇˊ˂ˆʵˀʡ˃ʿ
ˆʵˀʳˊˌʷʴˊˁʼʶˇˊ˂ʠˆʵˀʡ˃ʿ
3°ñē Ñ ñݰã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷ѰÀ°Û· ¼Äôüēķܰü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð ˰Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ
ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° Àþܰ¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
1DV]D RIHUWD WR SRPRFH G\GDNW\F]QH PDS\ V]NROQH PDS\ ǴFLHQQH SODQV]H HGXNDF\MQH SODQV]H MǗ]\NRZH WDEOLFH LQWHUDNW\ZQH
SURJUDP\ HGXNDF\MQH SRPRFH L JU\ SU]HGV]NROQH WDEOLFH G\GDNW\F]QH JOREXV\ RUD] ODPLQRZDQH PDH IRUPDW\ SRGNDGNL QD
ELXUNR :V]\VWNLH SODQV]H G\GDNW\F]QH L PDS\ Vnj REXVWURQQLH ODPLQRZDQH PDMnj GXJnj Ȉ\ZRWQRǴǎ L ]DFKRZXMnj WUZDRǴǎ NRORUyZ
HL# . NE8 EL -ôē÷üѰã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷ܰ Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
3°ñē Ñ ñݰã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷ѰÀ°Û· ¼Äôüēķܰü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð ˰Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ
ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° Àþܰ¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
1DV]D RIHUWD WR SRPRFH G\GDNW\F]QH PDS\ V]NROQH PDS\ ǴFLHQQH SODQV]H HGXNDF\MQH SODQV]H MǗ]\NRZH WDEOLFH LQWHUDNW\ZQH
SURJUDP\ HGXNDF\MQH SRPRFH L JU\ SU]HGV]NROQH WDEOLFH G\GDNW\F]QH JOREXV\ RUD] ODPLQRZDQH PDH IRUPDW\ SRGNDGNL QD
ELXUNR :V]\VWNLH SODQV]H G\GDNW\F]QH L PDS\ Vnj REXVWURQQLH ODPLQRZDQH PDMnj GXJnj Ȉ\ZRWQRǴǎ L ]DFKRZXMnj WUZDRǴǎ NRORUyZ
HL# . NE8 EL -ôē÷üѰã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷ܰ Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
+FTUFėNZ EPėXJBED[POÁ LBESÁ [BXPEPXD¯X LU¯SB LSFVKF OPXF
USFOEZ OB SZOLV QSBDZ X PCT[BS[F BOJNBDKJ D[BTV XPMOFHP
/B[Á NJTKÁ KFTU QPCVE[FOJF QBTKJ X LBĸEZN LUP QSBHOJF
TBNPSFBMJ[BDKJ QPþÁD[POFK [ [BCBXÁ 8 PEQPXJFE[J OB [BQPUS[FCPXBOJF
SZOLV OB VTþVHJ BOJNBDZKOF EBKFNZ QBUFOU EP OPXFHP [BXPEV KBLP MJEFS
KFTUFėNZ UBN HE[JF OBT QPUS[FCVKFDJF
"OJNBUPS UP PH¯MOPQPMTLJ MJEFS X [BLSFTJF T[LPMFĀ "OJNBDKJ $[BTV 8PMOFHP
PSHBOJ[BDKJ FWFOU¯X PSB[ QPėSFEOJDUXB QSBDZ QS[Z SFBMJ[BDKJ BOJNBDKJ
IPUFMPXZDI [B HSBOJDÁ ,JMLVMFUOJB PCFDOPėà OB SZOLV UP TFULJ
QS[FQSPXBE[POZDI T[LPMFĀ DBTUJOH¯X J JNQSF[ EMB OBKXJÕLT[ZDI
5PVSPQFSBUPS¯X X LSBKV J &VSPQJF ,BĸEFHP SPLV DFSUZţLBU "OJNBUPSB
$[BTV 8PMOFHP PECJFSB CMJTLP LVSTBOU¯X QP UP BCZ QSBDPXBÃ
OB BOJNBDKBDI [B HSBOJDÁ PSB[ [EPCZXBÃ EPEBULPXF EPėXJBED[FOJF
XXX BOJNBUPSDFOUFS DPN
JOGP!BOJNBUPSDFOUFS DPN
+FTUFėNZ EPėXJBED[POÁ LBESÁ [BXPEPXD¯X LU¯SB LSFVKF OPXF
USFOEZ OB SZOLV QSBDZ X PCT[BS[F BOJNBDKJ D[BTV XPMOFHP
/B[Á NJTKÁ KFTU QPCVE[FOJF QBTKJ X LBĸEZN LUP QSBHOJF
TBNPSFBMJ[BDKJ QPþÁD[POFK [ [BCBXÁ 8 PEQPXJFE[J OB [BQPUS[FCPXBOJF
SZOLV OB VTþVHJ BOJNBDZKOF EBKFNZ QBUFOU EP OPXFHP [BXPEV KBLP MJEFS
KFTUFėNZ UBN HE[JF OBT QPUS[FCVKFDJF
"OJNBUPS UP PH¯MOPQPMTLJ MJEFS X [BLSFTJF T[LPMFĀ "OJNBDKJ $[BTV 8PMOFHP
PSHBOJ[BDKJ FWFOU¯X PSB[ QPėSFEOJDUXB QSBDZ QS[Z SFBMJ[BDKJ BOJNBDKJ
IPUFMPXZDI [B HSBOJDÁ ,JMLVMFUOJB PCFDOPėà OB SZOLV UP TFULJ
QS[FQSPXBE[POZDI T[LPMFĀ DBTUJOH¯X J JNQSF[ EMB OBKXJÕLT[ZDI
5PVSPQFSBUPS¯X X LSBKV J &VSPQJF ,BĸEFHP SPLV DFSUZţLBU "OJNBUPSB
$[BTV 8PMOFHP PECJFSB CMJTLP LVSTBOU¯X QP UP BCZ QSBDPXBÃ
OB BOJNBDKBDI [B HSBOJDÁ PSB[ [EPCZXBÃ EPEBULPXF EPėXJBED[FOJF
XXX BOJNBUPSDFOUFS DPN
JOGP!BOJNBUPSDFOUFS DPN
+DSS\+RS WR G\VWU\EXWRU Z\VRNLHM NODV\
GPXFKDĂFµZ L ]DEDZHN RJURGRZ\FK
: QDV]HM RIHUFLH ]QDMGÃ 3DÌVWZR ZV]\VWNR WR F]HJR :DV]H G]LHFL SRWU]HEXMÃ GR Z\ÐPLHQLWHM ]DEDZ\
2IHURZDQH GPXFKDÌFH SRVLDGDMÃ XQLNDOQ\ L FLHNDZ\ Z\JOÃG D SRQDGWR ND×G\ ] QLFK GRVWÇSQ\ MHVW
UµZQLH× Z ZHUVML NRPHUF\MQHM ZLÇNV]HM RG GRPRZ\FK RGSRZLHGQLNµZ
+DSS\ +RS ]DMPXMH VLÇ UµZQLH× RUJDQL]DFMÃ LPSUH] SOHQHURZ\FK ]GHMPXMÃF RERZLÃ]HN SODQRZDQLD
] EDUNµZ URG]LFµZ =DSHZQLDP\ G]LHFLRP QLH]DSRPQLDQH ZUD×HQLD L ZLHOH FLHNDZ\FK ]DEDZ
=DSUDV]DP\ GR ]DSR]QDQLD VLÇ ] QDV]Ã ERJDWÃ RIHUWÃ QD VWURQLH ĆUPRZHM +DSS\+RS
ZZZ KDSS\KRS SO
ELXUR#KDSS\KRS SO 5$%$78
+DVÊR UDEDWRZH
0DJD]\Q 3U]HGV]NROD
+DSS\+RS WR G\VWU\EXWRU Z\VRNLHM NODV\
GPXFKDĂFµZ L ]DEDZHN RJURGRZ\FK
: QDV]HM RIHUFLH ]QDMGÃ 3DÌVWZR ZV]\VWNR WR F]HJR :DV]H G]LHFL SRWU]HEXMÃ GR Z\ÐPLHQLWHM ]DEDZ\
2IHURZDQH GPXFKDÌFH SRVLDGDMÃ XQLNDOQ\ L FLHNDZ\ Z\JOÃG D SRQDGWR ND×G\ ] QLFK GRVWÇSQ\ MHVW
UµZQLH× Z ZHUVML NRPHUF\MQHM ZLÇNV]HM RG GRPRZ\FK RGSRZLHGQLNµZ
+DSS\ +RS ]DMPXMH VLÇ UµZQLH× RUJDQL]DFMÃ LPSUH] SOHQHURZ\FK ]GHMPXMÃF RERZLÃ]HN SODQRZDQLD
] EDUNµZ URG]LFµZ =DSHZQLDP\ G]LHFLRP QLH]DSRPQLDQH ZUD×HQLD L ZLHOH FLHNDZ\FK ]DEDZ
=DSUDV]DP\ GR ]DSR]QDQLD VLÇ ] QDV]Ã ERJDWÃ RIHUWÃ QD VWURQLH ĆUPRZHM +DSS\+RS
ZZZ KDSS\KRS SO
ELXUR#KDSS\KRS SO 5$%$78
+DVÊR UDEDWRZH
0DJD]\Q 3U]HGV]NROD
1$6=( 35(0,(5<
,JQDÐ .LWHN DUFKLWHNW
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
3U]H]DEDZQD L QLHSRNRUQD NVLÃ×ND
9Ü«Ă¹« ôØãÊĎ«Êô ¼«ãØ¹Ê R UHDOL]RZDQLX VZRLFK SDVML ZEUHZ
SU]HFLZQRÐFLRP
« Õ« ¹Ã« «¼èÜãØÊôà =É
5µ]LD 5HZHOND LQ×\QLHUND
1DV]H Z\GDZQLFWZR VSHFMDOL]XMH VLÇ Z VWDUDQQ\P GRERU]H RIHUW\ L SURSRQXMH $QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
URG]LFRP L G]LHFLRP Z\VRNLHM MDNRÐFL NVLÃ×NL ]DUµZQR ZDUWRÐFLRZH OLWHUDFNR =DEDZQD L PÃGUD RSRZLHÐÅ R
MDN L SLÇNQLH LOXVWURZDQH 7R ìSLFWXUHERRNVë å NVLÃ×NL Z NWµU\FK WHNVW L REUD] UHDOL]RZDQLX SDVML L QLH]UD×DQLX
ZVSµÊJUDMà ]H VREà WZRU]ÃF XQLNDOQà MDNRÐÅ NWµUHM QLH GDÊRE\ VLÇ RVLÃJQÃÅ EH] VLÇ QLHSRZRG]HQLDPL
KDUPRQLL PLÇG]\ QLPL 6Ã WR SXEOLNDFMH GOD Z\PDJDMÃF\FK å SRXF]DMÃFD
L MHGQRF]HÐQLH HNVF\WXMÃFD OLWHUDWXUD G]LHFLÇFD =É
7HN 1RZRF]HVQ\ MDVNLQLRZLHF
3DWULFN 0F'RQQHOO
=DEDZQ\ VSRVµE PµZLHQLD R ]QDF]HQLX Z\ÊÃF]HQLD
RWDF]DMÃF\FK QDV XU]ÃG]HÌ L FLHV]HQLD VLÇ XURNDPL
SLÇNQHJR ÐZLDWD GRRNRÊD
=É
$GD %DPELQL 1DXNRZF]\QL
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
=$32:,('Ô
#.LQGHUNXOND
:6=<67.,( .6,ÂÖ., '267Æ31( 1$ ::: .,1'(5.8/.$ 3/