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6HULH 'HVDUUROOR GH 5HFXUVRV +XPDQRV HQ 6DOXG 1R
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%UDVLO 0I] 2S HIP HI NYPMS HI GVIE IP 'SRWINS *IHIVEP ] PSW 'SRWINSW 6IKMSREPIW HI )RJIVQIVuE &VEWMP LXXT WMXI TSVXEPGSJIR KSZ FV PIMW (IGVIXS 2Â&#x17E; HI QEV^S HI 4VIWMHIRXI HI PE 6IT FPMGE 6IKYPE IP INIVGMGMS HI PE )RJIVQIVuE IR WYW JYRGMSRIW EY\MPMEVIW IR IP XIVVMXSVMS REGMSREP LXXT [[[ IRJIVQEKIQZMVXYEP GSQ FV IRJIVQEKIQ TVMRGMTEP GSRXIYHS EWT#MH! 0I] 2S HIP HI HMGMIQFVI HI )WXEFPIGI PEW HMVIGXVMGIW FEWIW HI PE IHYGEGMzR REGMSREP &VEWMP LXXT [[[ TPEREPXS KSZ FV GGMZMPC 0)-7 P LXQ 0I] 2S HIP HI EFVMP HI -RWXMXY]I IP 7MWXIQE 2EGMSREP HI )ZEPYEGMzR HI PEW )HYGEGMzR WYTIVMSV 7-2%)7 &VEWMP LXXT [[[ TSVXEPGSJIR KSZ FV QEXIVMEW EWT#%VXMGPI-(! WIGXMSR-(! 5HJXODFLyQ GH OD (QIHUPHUtD HQ $PpULFD /DWLQD
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&KLOH (IGVIXS GSR *YIV^E HI 0I] 2S TYFPMGEHS IR IP (MEVMS 3½GMEP HIP HI IRIVS HI ] QSHM½GEHS IR 'zHMKS 7ERMXEVMS %VXuGYPS 'LMPI LXXT [[[ WWS GP PIKMWPEGMSR LXQ (IGVIXS 2S HIP HIP HI JIFVIVS HI 6IKPEQIRXS TEVE IP )NIVGMGMS HI PE 4VSJIWMzR HI %Y\MPMEVIW HI )RJIVQIVuE 'LMPI 6IWSPYGMzR )\IRXE 2S 1MRMWXIVMS HI 7EPYH 'VIER KVYTSW HI XVEFENS HIWXMREHSW EP IWXYHMS ] TVSTSWMGMzR HI IWXVEXIKMEW JVIRXI EP Hq½GMX HI VIGYVWSW HI )RJIVQIVuE 'LMPI LXXT NYVMHMGS QMRWEP GP FYWGE EWT 0I] 2S HI HMGMIQFVI HI HI½RI PE TVSJIWMzR HI IRJIVQIVuE VIHI½RI PE HI QEXVSRE ] GSRGIHI YRE FSRM½GEGMzR I\XVESVHMREVME TEVE IRJIVQIVEW ] QE XVSREW UYI WI HIWIQTIyER IR IWXEFPIGMQMIRXSW HI PSW 7IVZMGMSW HI 7EPYH 'LMPI LXXT [[[ JIRTVYWW GP REGMSREP HEXSW JXT 0I] 1MWGIPERIE HSG 0I] HI %YXSVMHEH 7ERMXEVME 2S HIP HI IRIVS HI MRGSVTSVE PSW WIVZMGMSW TVSJIWMSREPIW HI PE IRJIVQIVE FENS PSW XqVQMRSW HI ±+IWXMzR HIP 'YM HEHS 'LMPI LXXT [[[ JSREWE KSZ GP TVSRXYWCJSREWE WMXI EVXMG EWSG½PI PI]C THJ
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6HULH 'HVDUUROOR GH 5HFXUVRV +XPDQRV HQ 6DOXG 1R
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&RVWD 5LFD 0I] 2S HIP HI SGXYFVI HI )WXEXYXS HI 7IVZMGMSW HI )RJIVQIVuE 'SWXE 6MGE LXXT [[[ IRJIVQIVEW GS GV PI]IWCVIKPEQIRXSW LXQP (IGVIXS 2S 7 HIP HI IRIVS HI HI %HMGMzR HIP 8VERWMXSVMS EP 6IKPEQIRXS HIP )WXEXYXS HI 7IVZMGMSW HI )RJIVQIVuE 'SWXE 6MGE LXXT [[[ IRJIVQIVEW GS GV (IGVIXS 2S 7 HIP HI )RIVS 6IKPEQIRXS HIP 'SRWINS 2EGMSREP HI )RJIVQIVuE '32) 'SWXE 6MGE LXXT [[[ IRJIVQIVEW GS GV 0I]IWC]C6IKPEQIRXSW LXQ
&XED 0I] 2S HI 7EPYH 4 FPMGE ETVSFEHE IP HI NYPMS HI 'YFE LXXT [[[ GYFERIX SVK VIJ HMW CWEPYHCTYFPMGE LXQ (IGVIXS 2S HI 6IKPEQIRXS +IRIVEP HI PE 0I] HI TVSXIGGMzR I LMKMIRI HIP XVEFENS 'YFE LXXT [[[ WPH GY KEPIVMEW THJ WMXMSW MRWEX HIGVIXSCPI]C THJ 'SRWXMXYGMzR HI 0E 6IT FPMGE HIP HI JIFVIVS HI 'YFE LXXT [[[ GYFE GY KSFMIVRS GYFE LXQ
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(FXDGRU 6IWSPYGMzR 2S HIP HI QE]S HI HI '329)4 I\TMHI IP 6IKPEQIRXS HI GSRZEPMHEGMzR LSQSPSKEGMzR ] ZEPMHEGMzR HI IWXYHMSW )GYEHSV 0I] 2Â&#x17E; HI SGXYFVI HI 'SRKVIWS 2EGMSREP HI PE 6IT FPMGE 0I] 3V KjRMGE HI 7EPYH )GYEHSV LXXT [[[ IWXEHI SVK ---0IKMWPEGM * R MRHI\PMROCPI]IW LXQP (IGVIXS )NIGYXMZS 2S 6IKPEQIRXS HI PE 0I] HI )HYGEGMzR 7YTIVMSV TYFPMGEHS IR IP 6IKMWXVS 3½GMEP HIP HI 3GXYFVI HIP )GYEHSV LXXT [[[ GSRIWYT RIX HIWGEVKEW 6)+0%1)283C0)=C)(9'%'-32 THJ
(O 6DOYDGRU 'SRWXMXYGMzR HI PE 6IT FPMGE (IGVIXS 0IKMWPEXMZS 2S HIP HI (MGMIQFVI HI TYFPMGEHS IR IP (MEVMS 3½GMEP 2S XSQS HIP HI (MGMIQFVI HI )P 7EPZEHSV LXXT [[[ GSRWXMXYXMSR SVK GSRW IPWEPZEH LXQ 'zHMKS HI 7EPYH (IGVIXS 2S HI %FVMP HI (MEVMS 3½GMEP 2S XSQS HIP HI 1E]S HI )P 7EPZEHSV LXXT [[[ GGEH [W HSGYQIRXSW PIKMWPEGMSR )7 (0 THJ 6IWSPYGMzR HI PE .YRXE HI :MKMPERGME HI PE 4VSJIWMzR HI )RJIVQIVuE WIWMzR SVHMREVME 2S HI HI WITXMIQFVI HI HI½RI PSW RYIZSW RMZIPIW HI JSVQEGMzR HI IRJIVQIVuE )P 7EPZEHSV
*XDWHPDOD 6IWSPYGMzR 2S 74 HIP HI NYRMS HI HMWTSRI UYI IP 'SRWINS 2EGMSREP HI )RJIVQIVuE HIFI JYRGMSREV HI QERIVE ERI\E EP 1MRMWXIVMS HI 7EPYH 4 FPMGE +YEXIQEPE 6IWSPYGMzR 2S 74 1 6IKPEQIRXS HIP 'SRWINS 2EGMSREP HI )RJIVQIVuE EHWGVMXS EP 1MRMWXIVMS HI 7EPYH 4 FPMGE ] %WMWXIRGME 7SGMEP +YEXIQEPE 'SRWXMXYGMzR 4SPuXMGE HI +YEXIQEPE VIJSVQEHE TSV %GYIVHS 0IKMWPEXMZS 2S HIP HI 2SZMIQFVI HI +YEXIQEPE LXXT THFE KISVKIXS[R IHY 'SRWXMXYXMSRW +YEXI KYEXI LXQP
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+RQGXUDV (IGVIXS 2S HI 'zHMKS HI 7EPYH EVXW E HMWTSRI UYI WzPS TSHVjR INIVGIV PEW TVSJIWMSRIW HI PE WEPYH UYMIRIW SWXIRXIR XuXYPS ZjPMHS ] WI IRGYIRXVIR GSPIKMEHSW ,SRHYVE LXXT [[[ GGEH [W HSGYQIRXSW PIKMWPEGMSR ,2 (0 THJ 'SRWXMXYGMzR HI PE 6IT FPMGE HI ,SRHYVEW )P EVXuGYPS HI PE 'SRWXMXYGMzR HI PE 6IT FPMGE HI ,SRHYVEW WIyEPE UYI PE 9RMZIVWMHEH 2EGMSREP %YXzRSQE HI ,SRHYVEW KS^E HI PE I\GPYWMZMHEH IR GYERXS E SVKERM^EV HMVMKMV ] HIWEVVSPPEV PE IHYGEGMzR WYTIVMSV ] TVSJIWMSREP ,SRHYVEW LXXT [[[ GSRKVIWS KSF LR GSRWXMXYGMSR:MKIRXIW LXQ 'SRWXMXYGMzR HI PE 6IT FPMGE HI ,SRHYVEW HIP HI IRIVS HI ,SRHYVEW LXXT [[[ LSRHYVEW RIX LSRHYVEWCGSRWXMXYXMSR LXQP %GYIVHS 2S HIP HI EKSWXS HI ETVYIFE IP 'SRZIRMS HI 'SSTIVEGMzR IRXVI PE 7IGVIXEVME HI 7EPYH ] PE 9RMZIVWMHEH 2EGMSREP %YXzRSQE HI ,SRHYVEW GSR IP ½R HI VIKYPEV E PSW IKVIWEHSW HI PE 9RMZIVWMHEH Y SXVEW YRMZIVWMHEHIW XERXS REGMSREPIW GSQS I\XVERNIVEW IR PEW HMJIVIRXIW GMIRGMEW HI PE WEPYH GSQS WSR PEW GEVVIVEW HI 5YuQMGE ] *EVQEGME 1MGVSFMSPSKuE 3HSRXSPSKuE 1IHMGMRE )RJIVQIVuE ] IP ZSPYRXEVMEHS HI SXVEW GEVVIVEW HIFMqRHSWI VIEPM^EV HI EGYIVHS E PEW RIGIWMHEHIW HI PE GSQYRMHEH ] IP 4PER 2EGMSREP HI 7EPYH ,SRHYVEW
0p[LFR 'SRWXMXYGMzR 4SPuXMGE HI PSW )WXEHS 9RMHSW 1I\MGERSW %VXuGYPS TYFPMGEHE IP HI JIFVIVS HI PXMQE VIJSVQE TYFPMGEHE IR IP (3* IP HI NYRMS HI 1I\MGS LXXT [[[ HMTYXEHSW KSF Q\ 0I]IW&MFPMS THJ THJ 0I] +IRIVEP HI 7EPYH TYFPMGEHE IP HI JIFVIVS HI PXMQEW VIJSVQEW TYFPM GEHEW IR IP (3* IP HI NYPMS HI 1I\MGS LXXT [[[ HMTYXEHSW KSF Q\ 0I]IW&MFPMS THJ THJ
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3DQDPi 0I] 2S HIP HI WITXMIQFVI HI EWMKRE WSFVIWYIPHSW E PEW IRJIVQIVEW ] IWXEFPIGI IP HI QE]S GSQS ±(uE HI PE )RJIVQIVE² 1SHM½GEHS TSV (IGVIXS 2S HI 'zHMKS 7ERMXEVMS 4EREQE 0I] 2S HIP HI RSZMIQFVI HI 4EREQE LXXT [[[ QMRWE KSF TE QMRWE MRHI\ LXQ 0I] 2S HIP HI IRIVS HI UYI IWXEFPIGI ] VIKYPE PE GEVVIVE HI IRJIVQIVE ] PI HE IWXEFMPMHEH ] FIRI½GMSW NYFMPEXSVMSW 4EREQE 0I] 2S HIP HI JIFVIVS HI EYXSVM^E E PEW IRJIVQIVEW RS XMXYPEHEW UYI LE]ER WMHS RSQFVEHEW ] INIVGMHS GSQS XEPIW TSV EySW GSRWIGYXMZSW S EGYQYPEHSW E WIV MRWGVMTXEW GSQS IRJIVQIVEW IR IP VIKMWXVS ] INIVGIV PMFVIQIRXI WYW JYRGMSRIW EVXuGYPS XVERWMXSVMS
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