User manual TOSHIBA SATELLITE P200 (PSPBG)

DON'T FORGET : ALWAYS READ THE USER GUIDE BEFORE BUYING !!!

If this document matches the user guide, instructions manual or user manual, feature sets, schematics you are looking for, download it now. Diplodocs provides you a fast and easy access to the user manual TOSHIBA SATELLITE P200 (PSPBG). We hope that this TOSHIBA SATELLITE P200 (PSPBG) user guide will be useful to you.


TOSHIBA SATELLITE P200 (PSPBG) : Download the complete user guide (4500 Ko)

You may also download the following manuals related to this product:

   TOSHIBA SATELLITE P200 (PSPBG) (4808 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4539 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4577 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4797 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4542 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4679 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4647 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4697 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (5352 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4594 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4653 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (5176 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4743 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4418 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4375 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4556 ko)
   TOSHIBA SATELLITE P200 (PSPBG) (4510 ko)

Manual abstract: user guide TOSHIBA SATELLITE P200 (PSPBG)

Detailed instructions for use are in the User's Guide.

[. . . ] <OWY`SXQ K NS]M aS^R ^RO MYWZ_^O\ YX <OWY`SXQ K NS]M aS^R ^RO MYWZ_^O\ YPP -K\SXQ PY\ -. ] KXN . @. ] =O^^SXQ _Z PY\ MYWW_XSMK^SYX] ?]SXQ ^RO WYNOW =K^OVVS^O =O\SO] b >KLVO YP -YX^OX^] :YaO\SXQ NYaX ^RO MYWZ_^O\ >_\X 9PP MYWWKXN 2SLO\XK^SYX MYWWKXN =^KXNLc MYWWKXN ?]SXQ >_\X 9PP =R_^^SXQ NYaX WY\O [_SMUVc =^K\^SXQ KQKSX KP^O\ >_\X 9PP ?]SXQ 2SLO\XK^SYX =^K\^SXQ KQKSX P\YW 2SLO\XK^SYX WYNO ?]SXQ =^KXNLc =^K\^SXQ KQKSX P\YW =^KXNLc -RKZ^O\ 7YLSVO -YWZ_^SXQ >Y]RSLKv] OXO\Qc]K`O\ NO]SQX <_XXSXQ ^RO MYWZ_^O\ YX LK^^O\c ZYaO\ ?]SXQ K ]OMYXN LK^^O\c , K^^O\c ]KPO^c Z\OMK_^SYX] 7KbSWS]SXQ LK^^O\c VSPO :YaO\ WKXKQOWOX^ -RK\QSXQ LK^^O\SO] -RK\QSXQ ^RO WKSX KXN ]OMYXNK\c LK^^O\SO] -RK\QSXQ ^RO <>- LK^^O\c 7YXS^Y\SXQ LK^^O\c ZYaO\ . O^O\WSXSXQ \OWKSXSXQ LK^^O\c ZYaO\ -YX]O\`SXQ LK^^O\c ZYaO\ ARK^ ^Y NY aROX ^RO LK^^O\c \_X] VYa =O^^SXQ LK^^O\c KVK\W] -RKXQSXQ ^RO WKSX LK^^O\c <OWY`SXQ ^RO LK^^O\c P\YW ^RO MYWZ_^O\ . S]ZY]SXQ YP _]ON LK^^O\SO] ]KPOVc >\K`OVVSXQ ^SZ]! -RKZ^O\ /bZVY\SXQ CY_\ 9Z^SYX] ASXNYa]Z ]ZOMSKV POK^_\O] :O\]YXKVS]SXQ cY_\ NO]U^YZ -_]^YWS]SXQ ^RO ^K]ULK\ , \SXQSXQ ^RO aY\VN ^Y cY_\ NO]U^YZ -RKXQSXQ NO]U^YZ KXN L\Ya]SXQ ]^cVO :O\]YXKVS]SXQ SXNS`SN_KV aSXNYa] -_]^YWS]SXQ aSXNYa ^YYVLK\] . S]ZVKcSXQ K ^YYVLK\ SX K aSXNYa -YXXOM^SXQ K WYXS^Y\ UOcLYK\N KXN WY_]O /bMRKXQSXQ NK^K aS^R KXY^RO\ MYWZ_^O\ >\KX]PO\\SXQ PSVO] _]SXQ K ZK\KVVOV ZY\^ MYXXOM^SYX =K^OVVS^O =O\SO] bS >KLVO YP -YX^OX^] -YXXOM^SXQ ^Y ^RO 3X^O\XO^ 7KUSXQ ^RO ZRc]SMKV MYXXOM^SYX =SQXSXQ _Z aS^R KX 3X^O\XO^ =O\`SMO :\Y`SNO\ 1O^^SXQ ]^K\^ON ?]SXQ ^RO 3X^O\XO^!3X^O\XO^ POK^_\O]" ?ZVYKNSXQ KXN NYaXVYKNSXQ PSVO] P\YW ^RO 3X^O\XO^" >Y]RSLKv] YXVSXO \O]Y_\MO] " /bZVY\SXQ `SNOY POK^_\O] # /bZVY\SXQ K_NSY POK^_\O]# <OMY\NSXQ ]Y_XN] # ?]SXQ K WSM\YZRYXO +NT_]^SXQ \OMY\NSXQ ]O^^SXQ] ?]SXQ Ob^O\XKV ]ZOKUO\] Y\ ROKNZRYXO] ?]SXQ :- -K\N] :- -K\N ]_ZZY\^SXQ ]YP^aK\O 3X]O\^SXQ :- -K\N] <OWY`SXQ :- -K\N] 2Y^ ]aKZZSXQ -RKZ^O\ 3P =YWO^RSXQ 1YO] A\YXQ :\YLVOW] ^RK^ K\O OK]c ^Y PSb :\YLVOW] aROX cY_ ^_\X YX ^RO MYWZ_^O\ >RO ASXNYa]Z YZO\K^SXQ ]c]^OW S] XY^ aY\USXQ 3X^O\XO^ Z\YLVOW] <O]YV`SXQ K RK\NaK\O MYXPVSM^ 0SbSXQ K Z\YLVOW aS^R . O`SMO 7KXKQO\ 7OWY\c MK\N Z\YLVOW] !P\YW Y`O\ROK^SXQ ]Y ^RK^ S^ MKX MYX^SX_O ^Y ZO\PY\W K^ S^] WKbSW_W ]ZOON >Y Z\O`OX^ ZY]]SLVO Y`O\ROK^SXQ YP ^RO -:?WKUO ]_\O cY_ NYXv^ LVYMU ^RO MYYVSXQ `OX^] >RO . -38 TKMU S] aRO\O cY_ ZV_Q SX ^RO +- KNKZ^Y\ >RO ?=, ?XS`O\]KV =O\SKV , _] ZY\^] KVVYa cY_ ^Y MYXXOM^ ?=, ZO\SZRO\KV] ^Y cY_\ MYWZ_^O\ ?=, S] K ZO\SZRO\KV ObZKX]SYX ]^KXNK\N ^RK^ ]_ZZY\^] K NK^K^\KX]PO\ \K^O YP _Z ^Y 7LZ] PY\ ZO\SZRO\KV] ]_MR K] UOcLYK\N] ZYSX^SXQ NO`SMO] KXN WYXS^Y\] ?=, ZO\SZRO\KV] RK`O K ]SXQVO ]^KXNK\N PY\ MKLVSXQ KXN MYXXOM^Y\] >RO ?=, ]^KXNK\N KVVYa] RY^ ]aKZZSXQ YP ZO\SZRO\KV] >RO ZK\KVVOV ZY\^ VO^] cY_ MYXXOM^ K ZK\KVVOV Z\SX^O\ Y\ Y^RO\ ZK\KVVOV NO`SMO SXMV_NSXQ /-:MYWZK^SLVO NO`SMO] >RO WYNOW ZY\^ VO^] cY_ _]O K WYN_VK\ MKLVO ^Y MYXXOM^ ^RO WYNOW NS\OM^Vc ^Y K ]^KXNK\N ^OVOZRYXO VSXO 0Y\ WY\O SXPY\WK^SYX ]OO w?]SXQ ^RO WYNOWx >RO WYXS^Y\ ZY\^ KVVYa] cY_ ^Y MYXXOM^ KX Ob^O\XKV WYXS^Y\ >RO ]OM_\S^c VYMU ]VY^ KVVYa] cY_ ^Y K^^KMR KX YZ^SYXKV ]OM_\S^c MKLVO ^Y cY_\ MYWZ_^O\ ^Y ]OM_\O S^ ^Y K VK\QO ROK`c YLTOM^ ]_MR K] cY_\ NO]U =K^OVVS^O =O\SO] 0SXNSXQ CY_\ AKc +\Y_XN 4KIJV UKFG SPEAKER PC CARD SLOTS PC CARD EJECTION TABS USB PORT COOLING VENT 1 0 >RO ^aY ]^KMUON :- -K\N ]VY^] ]_ZZY\^ _Z ^Y ^aY >cZO 3 Y\ >cZO 33 :- -K\N] Y\ YXO >cZO 333 :- -K\N =OO w?]SXQ :- -K\N]x PY\ WY\O SXPY\WK^SYX >RO :- -K\N OTOM^SYX ^KL] \OVOK]O :- -K\N] P\YW ^RO MY\\O]ZYXNSXQ ]VY^] >RO ?=, ?XS`O\]KV =O\SKV , _] ZY\^ KVVYa] cY_ ^Y MYXXOM^ ?=, ZO\SZRO\KV] ]_MR K] K WY_]O Z\SX^O\ Y\ Ob^O\XKV UOcLYK\N ^Y cY_\ MYWZ_^O\ >RO MYYVSXQ `OX^ Z\O`OX^] ^RO MYWZ_^O\v] MOX^\KV Z\YMO]]SXQ _XS^ -:? [. . . ] ZO\PY\WKXMO >Y]RSLK \OMYWWOXN] ^RK^ cY_ ZVKc . @. ] aRSVO \_XXSXQ YX +- ZYaO\ \K^RO\ ^RKX YX LK^^O\c ZYaO\ 2QYGT OCPCIGOGPV CY_\ MYWZ_^O\ ]RSZ] aS^R ^RO ZYaO\ WKXKQOWOX^ YZ^SYX] Z\O]O^ ^Y K MYXPSQ_\K^SYX ^RK^ aSVV Z\Y`SNO ^RO WY]^ ]^KLVO YZO\K^SXQ OX`S\YXWOX^ KXN YZ^SW_W ]c]^OW ZO\PY\WKXMO PY\ LY^R +- ZYaO\ KXN LK^^O\c WYNO] -RKXQO] ^Y ^RO]O ]O^^SXQ] WKc \O]_V^ SX ]c]^OW ZO\PY\WKXMO Y\ ]^KLSVS^c S]]_O] ?]O\] aRY K\O XY^ MYWZVO^OVc PKWSVSK\ aS^R ^RO ZYaO\ WKXKQOWOX^ MYWZYXOX^ YP ^RO ]c]^OW ]RY_VN _]O ^RO Z\O]O^ MYXPSQ_\K^SYX =K^OVVS^O =O\SO] 7YLSVO -YWZ_^SXQ %JCTIKPI DCVVGTKGU , K^^O\c MRK\QO ^SWO WKc `K\c NOZOXNSXQ YX ^RO KZZVSMK^SYX] ZYaO\ WKXKQOWOX^ ]O^^SXQ] KXN POK^_\O] _]ON >RO WKSX LK^^O\c KXN ^RO YZ^SYXKV ]OMYXNK\c LK^^O\c XOON ^Y LO MRK\QON LOPY\O cY_ MKX _]O ^ROW ^Y ZYaO\ ^RO MYWZ_^O\ %JCTIKPI VJG OCKP CPF UGEQPFCT[ DCVVGTKGU >Y MRK\QO ^RO WKSX LK^^O\c ZV_Q ^RO MYWZ_^O\ SX^Y K VS`O aKVV Y_^VO^ 3^ ^KUO] ]O`O\KV RY_\] ^Y MRK\QO ^RO LK^^O\c aS^R ^RO MYWZ_^O\ YPP 3^ ^KUO] W_MR VYXQO\ ^Y MRK\QO ^RO LK^^O\c aRSVO ^RO MYWZ_^O\ S] YX >RO LK^^O\c NYO] XY^ MRK\QO aRSVO ^RO MYWZ_^O\ S] MYX]_WSXQ P_VV ZYaO\ >Y MRK\QO ^RO ]OMYXNK\c LK^^O\c PS^ S^ SX ^RO 7YN_VK\ , Kc KXN MYXXOM^ ^RO MYWZ_^O\ ^Y KX +- ZYaO\ ]Y_\MO AROX LK^^O\SO] K\O LOSXQ MRK\QON ^RO WKSX LK^^O\c S] MRK\QON PS\]^ +P^O\ ^RO WKSX LK^^O\c S] P_VVc MRK\QON ^RO ]OMYXNK\c LK^^O\c SX ^RO 7YN_VK\ , Kc S] MRK\QON AROX ^RO LK^^O\SO] NS]MRK\QO ^RO ]OMYXNK\c LK^^O\c SX ^RO 7YN_VK\ , Kc aSVV NS]MRK\QO PS\]^ ^ROX ^RO WKSX LK^^O\c + LK^^O\c WKc XY^ ]^K\^ MRK\QSXQ SWWONSK^OVc SP$ I >RO LK^^O\c S] Ob^\OWOVc RY^ Y\ MYVN >Y OX]_\O ^RK^ ^RO LK^^O\c MRK\QO] ^Y S^] P_VV MKZKMS^c aKS^ _X^SV S^ \OKMRO] \YYW ^OWZO\K^_\O ^Y " NOQ\OO] 0KR\OXROS^ ^Y NOQ\OO] -OV]S_] I >RO LK^^O\c S] KVWY]^ MYWZVO^OVc NS]MRK\QON 6OK`O ^RO ZYaO\ MYXXOM^ON KXN ^RO LK^^O\c ]RY_VN LOQSX MRK\QSXQ KP^O\ K POa WSX_^O] 9XMO K LK^^O\c S] P_VVc MRK\QON aO \OMYWWOXN ^RK^ cY_ YZO\K^O cY_\ MYWZ_^O\ YX LK^^O\c ZYaO\ _X^SV ^RO LK^^O\c NS]MRK\QO] MYWZVO^OVc . YSXQ ^RS] Ob^OXN] LK^^O\c VSPO KXN ROVZ] OX]_\O KMM_\K^O WYXS^Y\SXQ YP LK^^O\c MKZKMS^c =K^OVVS^O =O\SO] 7YLSVO -YWZ_^SXQ %JCTIKPI VJG 46% DCVVGT[ >RO MYWZ_^O\ MYX^KSX] KX SX^O\XKV LK^^O\c ^RK^ Z\Y`SNO] ZYaO\ PY\ ^RO \OKV^SWO MVYMU <>- KXN MKVOXNK\ . _\SXQ XY\WKV _]O ^RO WKSX LK^^O\c UOOZ] ^RO <>- LK^^O\c KNO[_K^OVc MRK\QON 9MMK]SYXKVVc ^RO <>- LK^^O\c WKc VY]O S^] MRK\QO MYWZVO^OVc O]ZOMSKVVc SP cY_ RK`O RKN ^RO MYWZ_^O\ ^_\XON YPP PY\ K VYXQ ^SWO 3P ^RO <>- LK^^O\c S] VYa ^RO \OKV^SWO MVYMU KXN MKVOXNK\ WKc NS]ZVKc ^RO SXMY\\OM^ ^SWO KXN NK^O Y\ ]^YZ aY\USXQ >Y \OMRK\QO ^RO <>- LK^^O\c ZV_Q SX ^RO MYWZ_^O\ KXN VOK`O S^ ^_\XON YPP PY\ K^ VOK]^ RY_\] AROX 2SLO\XK^SYX WYNO S] OXKLVON KXN ^RO <>- LK^^O\c S] MYWZVO^OVc NS]MRK\QON K aK\XSXQ Z\YWZ^] cY_ ^Y \O]O^ ^RO \OKV^SWO MVYMU /QPKVQTKPI DCVVGT[ RQYGT >RO LK^^O\c VSQR^ SXNSMK^O] ^RO Z\SWK\c LK^^O\cv] M_\\OX^ MRK\QO >RO 7YN_VK\ , Kc VSQR^ SXNSMK^O] ^RO MRK\QO ]^K^O YP ^RO ]OMYXNK\c LK^^O\c SP _]ON 3X LY^R MK]O] ^RO SXNSMK^Y\ VSQR^$ I 1VYa] Q\OOX aROX ^RO LK^^O\c S] P_VVc MRK\QON I 1VYa] KWLO\ aRSVO ^RO LK^^O\c S] LOSXQ MRK\QON I . YO] XY^ QVYa SP ^RO Ob^O\XKV ZYaO\ ]Y_\MO S] NS]MYXXOM^ON Y\ SP ^RO LK^^O\c S] MYWZVO^OVc NS]MRK\QON &GVGTOKPKPI TGOCKPKPI DCVVGT[ RQYGT AKS^ K^ VOK]^ ]OMYXN] KP^O\ ^_\XSXQ YX ^RO MYWZ_^O\ LOPY\O ^\cSXQ ^Y WYXS^Y\ ^RO \OWKSXSXQ LK^^O\c ZYaO\ >RO MYWZ_^O\ XOON] ^RS] ^SWO ^Y MROMU ^RO LK^^O\cv] \OWKSXSXQ MKZKMS^c KXN ZO\PY\W S^] MKVM_VK^SYX] -VSMU =^K\^ ZYSX^ ^Y =O^^SXQ] KXN ^ROX MVSMU -YX^\YV :KXOV . Y_LVOMVSMU ^RO :YaO\ 9Z^SYX] SMYX -RYY]O ^RO :YaO\ 7O^O\ ^KL >RO M_\\OX^ ZYaO\ ]Y_\MO KXN LK^^O\c ZYaO\ \OWKSXSXQ ]OM^SYX NS]ZVKc] ^RO M_\\OX^ MRK\QO ]^K^O YP ^RO LK^^O\c >RO `KV_O NS]ZVKc] K] K ZO\MOX^KQO YP \OWKSXSXQ LK^^O\c MRK\QO >RO MYWZ_^O\ N\KSX] ^RO LK^^O\c PK]^O\ K^ VYa ^OWZO\K^_\O] -ROMU cY_\ \OWKSXSXQ MRK\QO P\O[_OX^Vc SP cY_ K\O aY\USXQ SX ^OWZO\K^_\O] LOVYa NOQ\OO] -OV]S_] >RO MYWZ_^O\ MKVM_VK^O] ^RO \OWKSXSXQ LK^^O\c MRK\QO LK]ON YX cY_\ M_\\OX^ \K^O YP ZYaO\ _]O KXN Y^RO\ PKM^Y\] ]_MR K] ^RO KQO YP ^RO LK^^O\c =K^OVVS^O =O\SO] 7YLSVO -YWZ_^SXQ %QPUGTXKPI DCVVGT[ RQYGT 2Ya VYXQ K P_VVc MRK\QON LK^^O\c VK]^] aROX cY_ K\O _]SXQ ^RO MYWZ_^O\ NOZOXN] YX K X_WLO\ YP PKM^Y\] ]_MR K]$ I 2Ya ^RO MYWZ_^O\ S] MYXPSQ_\ON I 2Ya W_MR cY_ _]O ^RO NS]ZVKc ZKXOV SX]^OKN YP KX Ob^O\XKV WYXS^Y\ I 2Ya W_MR cY_ _]O ^RO RK\N NS]U KXN Y^RO\ N\S`O] I ARO^RO\ cY_ _]O KXc YZ^SYXKV NO`SMO] ^Y aRSMR ^RO LK^^O\c ]_ZZVSO] ZYaO\ ]_MR K] K :- -K\N I ARO\O cY_ K\O aY\USXQ{]SXMO YZO\K^SXQ ^SWO NOM\OK]O] K^ VYa ^OWZO\K^_\O] >Y]RSLKv] ZYaO\]K`SXQ YZ^SYX] Q\OK^Vc SXM\OK]O ^RO VOXQ^R YP ^SWO cY_ MKX _]O ^RO MYWZ_^O\ LOPY\O S^ LOMYWO] XOMO]]K\c ^Y \OMRK\QO ^RO LK^^O\c >Y]RSLK RK] MYWLSXON ^RO]O YZ^SYX] SX^Y Z\O]O^ ZYaO\ _]KQO WYNO] >Y MRKXQO ^RO ZYaO\ _]KQO WYNO RYVN NYaX LY^R ^RO 0X KXN 0 UOc] 9JCV VQ FQ YJGP VJG DCVVGT[ TWPU NQY AROX ^RO LK^^O\c \_X] VYa cY_ MKX$ I :V_Q ^RO MYWZ_^O\ SX^Y KX Ob^O\XKV ZYaO\ ]Y_\MO KXN \OMRK\QO ^RO LK^^O\c I :_^ ^RO MYWZ_^O\ SX 2SLO\XK^SYX WYNO KXN \OZVKMO ^RO LK^^O\c aS^R K MRK\QON ]ZK\O I =K`O cY_\ aY\U KXN ^_\X YPP ^RO MYWZ_^O\ 3P cY_ NYXv^ WKXKQO ^Y NY KXc YP ^RO]O ^RSXQ] LOPY\O ^RO LK^^O\c MYWZVO^OVc \_X] Y_^ YP ZYaO\ ^RO MYWZ_^O\ K_^YWK^SMKVVc OX^O\] 2SLO\XK^SYX WYNO KXN ^_\X] S^]OVP YPP 2SLO\XK^SYX WYNO UOOZ] ^\KMU YP aRO\O cY_ aO\O ]Y aROX cY_ ^_\X YX ^RO ZYaO\ KQKSX cY_ MKX MYX^SX_O aRO\O cY_ VOP^ YPP >RO MYWZ_^O\ ]^Y\O] ^RO SXPY\WK^SYX YX aRK^ cY_ aO\O NYSXQ _X^SV ^RO LK^^O\c \_X] Y_^ YP ZYaO\ 5GVVKPI DCVVGT[ CNCTOU CY_\ MYWZ_^O\ MKX LO MYXPSQ_\ON ^Y aK\X cY_ aROX ^RO LK^^O\c S] \_XXSXQ VYa CY_ MKX ]O^ W_V^SZVO KVK\W] /KMR KVK\W MKX LO ]O^ ^Y KVO\^ cY_ aROX K ]ZOMSPSON ZO\MOX^KQO YP \OWKSXSXQ LK^^O\c ZYaO\ RK] LOOX \OKMRON CY_ MKX ]O^ RYa ^RO aK\XSXQ YMM_\]$ ]Y_XN KX KVK\W NS]ZVKc K WO]]KQO LY^R Y\ XYXO CY_ MKX KV]Y ]O^ ^RO MYWZ_^O\ ^Y OX^O\ =^KXNLc WYNO Y\ 2SLO\XK^SYX WYNO Y\ ^Y =R_^NYaX aROX ^RO KVK\W QYO] YPP >Y ]O^ KX KVK\W$ -VSMU =^K\^ ZYSX^ ^Y =O^^SXQ] KXN ^ROX MVSMU -YX^\YV :KXOV . Y_LVOMVSMU ^RO :YaO\ 9Z^SYX] SMYX -VSMU ^RO +VK\W] ^KL KXN ]O^ ^RO KVK\W K] NO]S\ON =K^OVVS^O =O\SO] 7YLSVO -YWZ_^SXQ %JCPIKPI VJG OCKP DCVVGT[ AROX cY_\ LK^^O\c ZYaO\ S] \_XXSXQ VYa cY_ RK`O ^aY YZ^SYX]{ MYXXOM^ ^RO MYWZ_^O\ ^Y KX +- ZYaO\ ]Y_\MO Y\ SX]^KVV K MRK\QON LK^^O\c AROX RKXNVSXQ K LK^^O\c LO MK\OP_V XY^ ^Y N\YZ S^ Y\ ]RY\^MS\M_S^ S^] ^O\WSXKV] 4GOQXKPI VJG DCVVGT[ HTQO VJG EQORWVGT =K`O cY_\ aY\U =R_^ NYaX ^RO MYWZ_^O\ Y\ ZVKMO S^ SX 2SLO\XK^SYX WYNO KMMY\NSXQ ^Y ^RO SX]^\_M^SYX] SX w?]SXQ 2SLO\XK^SYXx <OWY`O KVV MKLVO] MYXXOM^ON ^Y ^RO MYWZ_^O\ -VY]O ^RO NS]ZVKc ZKXOV KXN ^_\X ^RO MYWZ_^O\ _Z]SNO NYaX aS^R ^RO P\YX^ ]SNO YP ^RO MYWZ_^O\ PKMSXQ cY_ :_]R KXN RYVN ^RO LK^^O\c \OVOK]O VK^MR ^ROX PS\WVc Z_VV ^RO LK^^O\c ZKMU ^YaK\N cY_\]OVP 3P ^RO LK^^O\c S] VOKUSXQ Y\ S^] MK]O S] M\KMUON Z_^ YX Z\Y^OM^S`O QVY`O] ^Y RKXNVO S^ KXN NS]MK\N S^ SWWONSK^OVc PYVVYaSXQ ^RO KN`SMO SX w. S]ZY]SXQ YP _]ON LK^^O\SO] ]KPOVcx &KURQUKPI QH WUGF DCVVGTKGU UCHGN[ CY_ MKX \OMRK\QO K LK^^O\c WKXc ^SWO] AROX ^RO LK^^O\c XOON] \OZVKMSXQ ^RO LK^^O\c VSQR^ PVK]RO] KWLO\ ]RY\^Vc KP^O\ cY_ RK`O P_VVc \OMRK\QON ^RO LK^^O\c CY_ W_]^ NS]MK\N K LK^^O\c SP S^ LOMYWO] NKWKQON >RO MYWZ_^O\v] WKSX LK^^O\c S] K VS^RS_W SYX 6SSYX LK^^O\c aRSMR MKX ObZVYNO SP XY^ Z\YZO\Vc \OZVKMON _]ON RKXNVON Y\ NS]ZY]ON YP :_^^SXQ ]ZOX^ LK^^O\SO] SX ^RO ^\K]R S] XY^ YXVc S\\O]ZYX]SLVO S^ WKc LO SVVOQKV . S]ZY]O YP ^RO LK^^O\c K] \O[_S\ON Lc VYMKV Y\NSXKXMO] Y\ \OQ_VK^SYX] ?]O YXVc LK^^O\SO] \OMYWWOXNON Lc >Y]RSLK >RO WK^O\SKV] ^RK^ MKWO aS^R cY_\ MYWZ_^O\ WKc SXMV_NO KX SX]O\^ \OQK\NSXQ ^RO NS]ZY]KV YP LK^^O\SO] 3P XY^ MROMU aS^R cY_\ VYMKV QY`O\XWOX^ KQOXMc PY\ SXPY\WK^SYX YX aRO\O ^Y \OMcMVO Y\ NS]ZY]O YP YVN LK^^O\SO] =K^OVVS^O =O\SO] 7YLSVO -YWZ_^SXQ 6TCXGNNKPI VKRU >RO OX`S\YXWOX^KV Z\OMK_^SYX] VS]^ON SX w=OVOM^SXQ K ZVKMO ^Y aY\Ux KV]Y KZZVc aRSVO ^\K`OVVSXQ I 8O`O\ VOK`O cY_\ MYWZ_^O\ YX K ]_XXc VONQO Y\ SX K ZVKMO aRO\O S^ MY_VN QO^ aO^ Y\ MY`O\ON SX N_]^ I +VaKc] ^\K`OV aS^R ^RO MYWZ_^O\ SX K MK\\cSXQ MK]O >Y]RSLK YPPO\] K MRYSMO YP MK\\cSXQ MK]O] PY\ ^RO MYWZ_^O\ >ROc KVV Z\Y`SNO ZVOX^c YP Ob^\K ]ZKMO PY\ WKX_KV] ZYaO\ MKLVO] MYWZKM^ NS]M] KXN NS]UO^^O] -YX^KM^ cY_\ K_^RY\S]ON >Y]RSLK \OZ\O]OX^K^S`O PY\ WY\O SXPY\WK^SYX AROX ^\K`OVVSXQ Lc KS\ cY_ WKc LO \O[_S\ON ^Y ZK]] cY_\ XY^OLYYU ^R\Y_QR KS\ZY\^ ]OM_\S^c O[_SZWOX^ >RO B\Kc O[_SZWOX^ aSVV XY^ RK\W cY_\ MYWZ_^O\ =K^OVVS^O =O\SO] ! /bZVY\SXQ CY_\ 9Z^SYX] 5CVGNNKVG 5GTKGU %JCRVGT 'ZRNQTKPI ;QWT 1RVKQPU 3X ^RS] MRKZ^O\ cY_ aSVV ObZVY\O Y^RO\ POK^_\O] YP cY_\ XY^OLYYU MYWZ_^O\ 9KPFQYU URGEKCN HGCVWTGU CY_\ ASXNYa]Z YZO\K^SXQ ]c]^OW YPPO\] cY_ ]O`O\KV XOa POK^_\O] KXN OXRKXMOWOX^] SXMV_NSXQ$ I 8Oa ]c]^OW PSVO Z\Y^OM^SYX I + ]c]^OW \O]^Y\O P_XM^SYX KVVYaSXQ cY_ ^Y \YVVLKMU ^RO ]c]^OW ^Y S^] Z\O`SY_] WYNO I +X SWZ\Y`ON ROVZ MOX^\O ]_ZZY\^ K_^YWK^SYX KXN K_^YWK^SM ASXNYa] _ZNK^O I ASdK\N] ^Y ]SWZVSPc ]O^^SXQ _Z cY_\ RYWO XO^aY\U I +LSVS^c ^Y ]RK\O YXO 3X^O\XO^ MYXXOM^SYX KWYXQ W_V^SZVO :-] I +X K_^YWK^SM NS]MY`O\c POK^_\O ^RK^ KVVYa] cY_\ MYWZ_^O\ ^Y NO^OM^ XOa KXN SX^OVVSQOX^ NO`SMO] [ 2GTUQPCNKUKPI [QWT FGUMVQR CY_\ NO]U^YZ S] cY_\ `S\^_KV aY\U]ZKMO >RS] ]OM^SYX ObZVKSX] RYa ^Y M_]^YWS]O S^] POK^_\O] PY\ ^RO aKc cY_ VSUO ^Y aY\U CY_ MKX M_]^YWS]O ^RO PYVVYaSXQ K]ZOM^] YP ^RO NO]U^YZ$ I >K]ULK\{aRSMR \O]Y_\MO] ^Y NS]ZVKc PY\ [_SMU KMMO]] I +M^S`O . O]U^YZ>7{aRK^ SXPY\WK^SYX P\YW ^RO 3X^O\XO^ ^Y KVaKc] NS]ZVKc I . O]U^YZ ]^cVO{RYa aSXNYa] K\O NS]ZVKcON KXN RYa ^Y L\Ya]O PYVNO\] KXN PSVO] I >YYVLK\]{aRK^ SXPY\WK^SYX KZZOK\] K^ ^RO ^YZ YP OKMR aSXNYa 7UGThU /CPWCN =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] %WUVQOKUKPI VJG VCUMDCT +] cY_ aY\U ^RO ^K]ULK\ MRKXQO] ^Y \OPVOM^ aRK^ cY_ K\O NYSXQ 3^] SMYX] Z\Y`SNO ]RY\^M_^] ^Y Z\YQ\KW] NYM_WOX^] PSVO] PYVNO\] ]c]^OW POK^_\O] KXN MYWZYXOX^] 9ZOX KZZVSMK^SYX] KV]Y RK`O 0Y\aK\N KXN , KMUaK\N L_^^YX] ^Y KVVYa XK`SQK^SYX ^R\Y_QR PYVNO\] NYM_WOX^] KXN AOL ]S^O] 0Y\ ObKWZVO cY_ MKX ZO\]YXKVS]O ^RO ^K]ULK\ ^Y SXMV_NO XY^ YXVc ;_SMU 6K_XMR SMYX] L_^ KV]Y cY_\ PK`Y_\S^O ?<6 KNN\O]]O] Y\ VYMKV PYVNO\] KXN Z\YQ\KW] ?<6 ]^KXN] PY\ ?XSPY\W <O]Y_\MO 6YMK^Y\ aRSMR S] ^RO KNN\O]] ^RK^ NOPSXO] ^RO \Y_^O ^Y K PSVO YX ^RO AOL Y\ KXc Y^RO\ 3X^O\XO^ PKMSVS^c 1OXO\SMKVVc S^ S] UXYaX K] ^RO AY\VN ASNO AOL ]S^O KNN\O]] 2K`SXQ K VS]^ YP PK`Y_\S^O ?<6] RKXNc ]K`O] ^SWO ?]SXQ S^ LcZK]]O] ^RO XOON PY\ cY_ ^Y VK_XMR cY_\ L\Ya]O\ PS\]^ >Y KMMO]] KVV ^K]ULK\ YZ^SYX] ZYSX^ ^Y KX OWZ^c ]ZKMO SX ^RO ^K]ULK\ KXN MVSMU ^RO ]OMYXNK\c L_^^YX >ROX MVSMU :\YZO\^SO] $TKPIKPI VJG YQTNF VQ [QWT FGUMVQR AS^R cY_\ ASXNYa]Z YZO\K^SXQ ]c]^OW cY_ MKX ]O^ _Z cY_\ NO]U^YZ aS^R MYWZVO^O AY\VN ASNO AOL SX^OQ\K^SYX K^ K ]SXQVO MVSMU 6WTPKPI QP VJG #EVKXG &GUMVQR KPVGTHCEG >RO PS\]^ ]^OZ ^Y L\SXQ KM^S`O MYX^OX^ ^Y cY_\ NO]U^YZ S] ^Y ^_\X YX ^RO +M^S`O . O]U^YZ>7 SX^O\PKMO$ :YSX^ ^Y KX OWZ^c ]ZKMO YX ^RO NO]U^YZ KXN MVSMU ^RO ]OMYXNK\c L_^^YX -VSMU :\YZO\^SO] >RO . S]ZVKc :\YZO\^SO] aSXNYa KZZOK\] -VSMU ^RO . O]U^YZ ^KL -VSMU ^RO -_]^YWSdO . O]U^YZ L_^^YX -VSMU ^RO AOL ^KL !0YVVYa ^RO SX]^\_M^SYX] ^Y ]O^ _Z cY_\ NO]U^YZ #FFKPI EQORQPGPVU VQ VJG #EVKXG &GUMVQR KPVGTHCEG :YSX^ ^Y KX OWZ^c ]ZKMO YX ^RO NO]U^YZ KXN MVSMU ^RO ]OMYXNK\c L_^^YX -VSMU YX :\YZO\^SO] >RO . S]ZVKc :\YZO\^SO] aSXNYa KZZOK\ -VSMU ^RO . O]U^YZ ^KL -VSMU ^RO -_]^YWSdO . O]U^YZ L_^^YX -VSMU ^RO AOL ^KL >RO YZO\K^SXQ ]c]^OW NS]ZVKc] K VS]^ YP S^OW] ^Y KNN ^Y ^RO NO]U^YZ =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] !>Y `SOa KNNS^SYXKV MYWZYXOX^] MVSMU 8Oa " >RO 8Oa . O]U^YZ 3^OW NSKVYQ LYb KZZOK\] # >Y L\Ya]O ^RO 1KVVO\c PY\ WY\O MYWZYXOX^] ^Y KNN MVSMU @S]S^ 1KVVO\c 3X Y\NO\ ^Y L\Ya]O KX KM^S`O 3X^O\XO^ MYXXOM^SYX W_]^ LO O]^KLVS]RON >Y ]OVOM^ ]YWO Y^RO\ AOL ]S^O ^cZO ^RO KNN\O]] YP ^RO AOL ]S^O cY_ aKX^ Y\ MVSMU , \Ya]O ^Y VYMK^O S^ CY_ MKX MYXPSQ_\O ^RO +M^S`O . O]U^YZ} SX^O\PKMO SX ]O`O\KV Y^RO\ aKc] Z 0Y\ P_\^RO\ SXPY\WK^SYX ]OO cY_\ ASXNYa] YZO\K^SXQ ]c]^OW Z NYM_WOX^K^SYX Y\ KMMO]] ASXNYa] 2OVZ KXN =_ZZY\^ Lc MVSMUSXQ =^K\^ KXN ^ROX 2OVZ %JCPIKPI FGUMVQR CPF DTQYUKPI UV[NG CY_\ ASXNYa]Z YZO\K^SXQ ]c]^OW Z\Y`SNO] ]O`O\KV aKc] ^Y `SOa cY_\ NO]U^YZ KXN L\Ya]O ^RO PSVO] KXN PYVNO\] YX cY_\ VYMKV MYWZ_^O\ Y\ XO^aY\U PSVO ]O\`O\ CY_ MKX MRYY]O P\YW ^R\OO NSPPO\OX^ ]^cVO]$ I AOL ]^cVO I -VK]]SM ]^cVO I -_]^YW ]^cVO >RO ]^cVO cY_ MRYY]O NO^O\WSXO] RYa cY_ L\Ya]O SX ^RO YZO\K^SXQ ]c]^OW \OQK\NVO]] YP aRO^RO\ cY_ ]^K\^ P\YW ^RO NO]U^YZ 7c -YWZ_^O\ ASXNYa] /bZVY\O\ Y\ 3X^O\XO^ /bZVY\O\ 0Y\ WY\O SXPY\WK^SYX KLY_^ MRKXQSXQ cY_\ NO]U^YZ ]^cVO OX^O\ NO]U^YZ Z YX ^RO 3XNOb YP ASXNYa] 2OVZ KXN =_ZZY\^ 2GTUQPCNKUKPI KPFKXKFWCN YKPFQYU 4_]^ K] cY_ MKX NS]ZVKc K AOL ZKQO YX cY_\ NO]U^YZ cY_ MKX KV]Y NS]ZVKc K AOL ZKQO SX KX SXNS`SN_KV aSXNYa 3P cY_ ]_L]M\SLO ^Y ^RO AOL ZKQO S^ MKX LO K_^YWK^SMKVVc _ZNK^ON YX K \OQ_VK\ LK]S] 0Y\ ObKWZVO _]SXQ ^RS] AOL SX^OQ\K^SYX POK^_\O cY_ MKX WYXS^Y\ aOK^RO\ QKWO ]MY\O] ]^YMU Z\SMO] Y\ ROKNVSXO]{KVV SX ^RO aSXNYa YP cY_\ MRYSMO =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] %WUVQOKUKPI YKPFQY VQQNDCTU CY_ MKX NS]ZVKc YXO Y\ WY\O M_]^YWS]KLVO ^YYVLK\] K^ ^RO ^YZ YP K aSXNYa +] cY_ L\Ya]O ^RO ASXNYa]Z YZO\K^SXQ ]c]^OW NO^OM^] ^RO USXN YP SXPY\WK^SYX Z\O]OX^ON SX ^RO aSXNYa KXN K_^YWK^SMKVVc NS]ZVKc] ^RO KZZ\YZ\SK^O ^YYVLK\ L_^^YX] KXN WOX_] CY_ MKX KV]Y KNN ^RO]O ^YYVLK\] ^Y ^RO ^K]ULK\ =KWZVO ^YYVLK\ VYMK^SYX] >RO OVOWOX^] cY_ MKX KNN ^Y ^RO ^YZ YP ^RO aSXNYa K\O$ >YYVLK\ OVOWOX^ +NN\O]] , K\ . O]M\SZ^SYX 9ZOX] AOL ZKQO] Z\YQ\KW] PYVNO\] Y\ NYM_WOX^] , c NOPK_V^ ^RO KNN\O]] LK\ ]RYa] cY_\ M_\\OX^ VYMK^SYX KXN aRO^RO\ S^ S] K PYVNO\ Y\ K AOL ZKQO CY_ MKX L\Ya]O ^Y KXY^RO\ VYMK^SYX Lc ^cZSXQ KX KNN\O]]{K ?<6 K ZK^R Y\ O`OX K Z\YQ\KW XKWO 3P cY_ ]^K\^ ^cZSXQ K Z\O`SY_]Vc ^cZON KNN\O]] ^RO +_^Y-YWZVO^O POK^_\O PSXS]RO] ^RO KNN\O]] PY\ cY_ . S]ZVKc] L_^^YX] PY\ MYWWYXVc _]ON MYWWKXN] ]_MR K] MYZcSXQ ZK]^SXQ NOVO^SXQ S^OW] MRKXQSXQ `SOa] KXN L\Ya]SXQ LKMUaK\N KXN PY\aK\N =^KXNK\N L_^^YX] =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] &KURNC[KPI C VQQNDCT KP C YKPFQY 9X ^RO NO]U^YZ NY_LVOMVSMU 7c -YWZ_^O\ >RO 7c -YWZ_^O\ aSXNYa KZZOK\] 9X ^RO @SOa WOX_ ZYSX^ ^Y >YYVLK\] ^ROX MVSMU ^RO XKWO YP ^RO ^YYVLK\ cY_ aKX^ ^Y NS]ZVKc >RO ^YYVLK\ KZZOK\] LOVYa ^RO WOX_ LK\ YP ^RO M_\\OX^ aSXNYa %QPPGEVKPI C OQPKVQT MG[DQCTF CPF OQWUG , c MYXXOM^SXQ KX Ob^O\XKV WYXS^Y\ Ob^O\XKV P_VV]SdO UOcLYK\N KXN K WY_]O cY_ MKX aY\U aS^R cY_\ XY^OLYYU K] SP S^ aO\O K ]^KXNK\N YPPSMO NO]U^YZ MYWZ_^O\ CY_ MKX MYXXOM^ KX Ob^O\XKV WYXS^Y\ ^Y ^RO WYXS^Y\ ZY\^ CY_ MKX MYXXOM^ KX Ob^O\XKV ?=, MYWZK^SLVO UOcLYK\N KXN K ?=, MYWZK^SLVO WY_]O ^Y YXO YP ^RO ?=, ZY\^] 0Y\ WY\O SXPY\WK^SYX KLY_^ MYXXOM^SXQ K WY_]O ]OO w-YXXOM^SXQ K WY_]Ox 'ZEJCPIKPI FCVC YKVJ CPQVJGT EQORWVGT >Y ^\KX]PO\ K VK\QO KWY_X^ YP SXPY\WK^SYX LO^aOOX MYWZ_^O\] cY_ XOON K aS\OVO]] Y\ ZRc]SMKV MYXXOM^SYX KXN K ]cXMR\YXS]K^SYX Z\YQ\KW CY_ MKX _]O ^RO ASXNYa]Z , \SOPMK]O Y\ K ]ZOMSKVS]ON ]cXMR\YXS]K^SYX Z\YQ\KW ^RK^ ^\KX]PO\] NK^K _]SXQ K MKLVO MYXXOM^ON ^Y ^RO MYWZ_^O\]v ZK\KVVOV ZY\^] 6TCPUHGTTKPI HKNGU WUKPI C RCTCNNGN RQTV EQPPGEVKQP >Y ^\KX]PO\ PSVO] _]SXQ ^RO MYWZ_^O\]v ZK\KVVOV ZY\^] cY_ XOON K 6KZ6SXU MYWZK^SLVO ZK\KVVOV MKLVO Z )GVVKPI UVCTVGF -YXXOM^ ^RO MKLVO 6YKN ^RO ^\KX]PO\ Z\YQ\KW YX LY^R MYWZ_^O\] =O^ KXc ]ZOMSPSM YZ^SYX] =^K\^ ^RO ^\KX]PO\ AROX cY_ RK`O PSXS]RON ^\KX]PO\\SXQ PSVO] MVY]O ^RO Z\YQ\KW] YX LY^R MYWZ_^O\] =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] %QPPGEVKPI VQ VJG +PVGTPGV >Y MYXXOM^ ^Y ^RO 3X^O\XO^ cY_ XOON$ I + WYNOW YXO MYWO] aS^R cY_\ =K^OVVS^O MYWZ_^O\ I + ^OVOZRYXO VSXO . =6 Y\ MKLVO MYXXOM^SYX I + L\Ya]O\ Y\ MYWW_XSMK^SYX] Z\YQ\KW I +X 3X^O\XO^ =O\`SMO :\Y`SNO\ 3=: /CMKPI VJG RJ[UKECN EQPPGEVKQP CY_ MKX MYXXOM^ ^Y ^RO 3X^O\XO^ Lc _]SXQ K ^OVOZRYXO KXN WYNOW Y\ ^R\Y_QR Y^RO\ RSQRO\]ZOON MYWW_XSMK^SYX WO^RYN] ]_MR K] . SQS^KV =_L]M\SLO\ 6SXO] . =6 MKLVO KXN ]K^OVVS^O VSXU 7UKPI C OQFGO 3P cY_v\O _]SXQ K WYNOW cY_ MYXXOM^ ^RO WYNOW ^Y YXO YP ^RO MYWZ_^O\v] -97 MYWW_XSMK^SYX] ZY\^] >RO NOPK_V^ ]O^^SXQ PY\ ^RO WYNOW S] -97 3P cY_ K\O RK`SXQ ^\Y_LVO MYXXOM^SXQ ^R\Y_QR ^RO WYNOW cY_ WKc XOON ^Y NO^O\WSXO ^RO M_\\OX^ -97 ZY\^ XKWO KXN ZY]]SLVc MRKXQO S^ 5KIPKPI WR YKVJ CP +PVGTPGV 5GTXKEG 2TQXKFGT +X 3X^O\XO^ =O\`SMO :\Y`SNO\ 3=: S] K MYWZKXc ^RK^ RK] ^RO O[_SZWOX^ KXN ^RO ^OVOMYWW_XSMK^SYX VSXO] XOMO]]K\c ^Y WKSX^KSX KX 3X^O\XO^ MYXXOM^SYX 7SM\Y]YP^v] AOL L\Ya]O\ 3X^O\XO^ /bZVY\O\ aRSMR S] Z\OSX]^KVVON YX cY_\ ]c]^OW S] K_^YWK^SMKVVc MYXPSQ_\ON ]Y ^RK^ aROX cY_ PS\]^ ]^K\^ S^ S^ Q_SNO] cY_ ^R\Y_QR ]SQXSXQ _Z PY\ K XOa 3=: KMMY_X^ Y\ K]]S]^] cY_ SX ]O^^SXQ _Z cY_\ MYWZ_^O\ ^Y aY\U aS^R cY_\ ObS]^SXQ 3=: 9XMO cY_ RK`O O]^KLVS]RON KX 3=: KMMY_X^ cY_ MKX KMMO]] ^RO 3X^O\XO^ )GVVKPI UVCTVGF -YXXOM^ cY_\ MYWZ_^O\v] WYNOW ^Y K ^OVOZRYXO VSXO 3P cY_ K\O _]SXQ ^RO ^OVOZRYXO VSXO K^ RYWO NS]KLVO -KVV AKS^SXQ LOPY\O cY_ MYXXOM^ ^R\Y_QR ^RO WYNOW -KVV AKS^SXQ SX^O\\_Z^] NK^K ^\KX]WS]]SYX =^K\^ cY_\ AOL L\Ya]O\ 2K`O cY_\ WYNOW NSKV ^RO 3=:v] ^OVOZRYXO X_WLO\ KXN O]^KLVS]R K MYXXOM^SYX aS^R ^RO 3=:v] MYWZ_^O\ =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] 7UKPI VJG +PVGTPGV >RO PYVVYaSXQ ]OM^SYX] QS`O K [_SMU SX^\YN_M^SYX ^Y ^RO 3X^O\XO^ KXN ]YWO YP S^] ObMS^SXQ POK^_\O] _XNO\ ^RO]O ROKNSXQ]$ I >RO 3X^O\XO^ I >RO AY\VN ASNO AOL I =_\PSXQ ^RO 3X^O\XO^ I 3X^O\XO^ POK^_\O] I ?ZVYKNSXQ KXN NYaXVYKNSXQ PSVO] P\YW ^RO 3X^O\XO^ 6JG +PVGTPGV >RO 3X^O\XO^ S] KX K]]YMSK^SYX YP ^RY_]KXN] YP XO^aY\U] KXN WSVVSYX] YP MYWZ_^O\] K\Y_XN ^RO aY\VN MYXXOM^ON Lc MYWW_XSMK^SYX] VSXO] >ROc KVV aY\U ^YQO^RO\ ^Y ]RK\O SXPY\WK^SYX 6JG 9QTNF 9KFG 9GD >RO AY\VN ASNO AOL Y\ uAOLv S] K ]_L]O^ YP ^RO 3X^O\XO^{K MYVVOM^SYX YP SX^O\VSXUON NYM_WOX^] VYMK^ON YX MYWZ_^O\] MYXXOM^ON ^Y ^RO 3X^O\XO^ ^RK^ aY\U ^YQO^RO\ _]SXQ K ]ZOMSPSM 3X^O\XO^ Z\Y^YMYV MKVVON 2cZO\^Ob^ >\KX]PO\ :\Y^YMYV 2>>: >RO AY\VN ASNO AOL YPPO\] SXPY\WK^SYX K] ^Ob^ SWKQO] K_NSY Y\ `SNOY ^Y LO \OPO\OXMON P\YW KXcaRO\O SX ^RO aY\VN =ZOMSKV Z\YQ\KW] MKVVON AOL L\Ya]O\] K\O ]ZOMSPSMKVVc NO]SQXON ^Y aY\U aS^R 2>>: >ROc WKUO S^ OK]SO\ ^Y MYXXOM^ ^Y K ZK\^SM_VK\ XO^aY\U KNN\O]] KXN ]OXN KXN \OMOS`O SXPY\WK^SYX 5WTHKPI VJG +PVGTPGV 9XMO MYXXOM^ON ^Y ^RO 3X^O\XO^ ^RO AOL L\Ya]O\ NS]ZVKc] K RYWO ZKQO PY\ ObKWZVO cY_\ 3=:v] RYWO ZKQO YX ^RO 3X^O\XO^ Y\ cY_\ MYWZKXcv] AOL ]S^O RYWO ZKQO >Y `S]S^ K NO]S\ON AOL ]S^O ^cZO SX ^RO AOL KNN\O]] >RO AOL KNN\O]] Y\ ?XSPY\W <O]Y_\MO 6YMK^Y\ ?<6 S] K _XS[_O SNOX^SPSO\ PY\ ^RK^ MYWZ_^O\ ]c]^OW VSXUON ^Y ^RO 3X^O\XO^ AOL KNN\O]]O] MKX KV]Y KZZOK\ aS^RSX K AOL ZKQOv] ^Ob^ KXN K\O UXYaX K] VSXU] -VSMUSXQ K VSXU K_^YWK^SMKVVc ^\KX]PO\] cY_\ AOL L\Ya]O\ ^Y ^RK^ ]S^O CY_ MKX KV]Y _]O K =OK\MR /XQSXO K AOL ]S^O ]ZOMSPSMKVVc NO]SQXON ^Y ROVZ cY_ VYYU PY\ SXPY\WK^SYX =K^OVVS^O =O\SO] ! /bZVY\SXQ CY_\ 9Z^SYX] +PVGTPGV HGCVWTGU >RO 3X^O\XO^ YPPO\] WKXc ^cZO] YP MYWW_XSMK^SYX ^YYV] ^Y ROVZ cY_ ZO\PY\W WKXc ^K]U] I 3X^O\XO^ OWKSV >Y ]OXN KXN \OMOS`O OWKSV YP cY_\ YaX cY_ XOON K WKSVLYb YX ^RO AOL Y\ KX OWKSV KNN\O]] 3P cY_ RK`O KX KMMY_X^ aS^R KX 3=: cY_ MKX Z\YLKLVc ]O^ _Z KX OWKSV KNN\O]] K^ ^RO ]KWO ^SWO K] cY_ ]SQX _Z PY\ ^RO ]O\`SMO I 3X^O\XO^ MRK^ \YYW] + MRK^ \YYW S] K AOL ]S^O ^RK^ YPPO\] K ZVKMO aRO\O ZOYZVO aS^R ]SWSVK\ SX^O\O]^] KXN SNOK] MKX MYWW_XSMK^O SX \OKV^SWO YXOYXYXO Y\ SX Q\Y_Z] Lc ^cZSXQ WO]]KQO] aRSMR K\O SX]^KX^Vc `SOaON Lc Y^RO\] YX ^ROS\ MYWZ_^O\ ]M\OOX] I 3X^O\XO^ XOa] Q\Y_Z] + XOa] Q\Y_Z S] ]SWSVK\ ^Y K MRK^ \YYW L_^ SX]^OKN YP _]SXQ K NONSMK^ON ]S^O ^Y MYX`O\]O KLY_^ K ]ZOMSKVS]ON ]_LTOM^ aS^R Y^RO\] SX \OKV^SWO S^ _]O] K AOL ]S^O K] K MVOK\SXQRY_]O aRO\O KVV ^RO WO]]KQO] K\O ZVKMON VSUO K QSQKX^SM L_VVO^SX LYK\N I 9XVSXO ]RYZZSXQ 7KXc AOL ]S^O] YPPO\ Z\YN_M^] KXN ]O\`SMO] PY\ ]KVO 7RNQCFKPI CPF FQYPNQCFKPI HKNGU HTQO VJG +PVGTPGV >\KX]PO\\SXQ PSVO] P\YW YXO MYWZ_^O\ ^Y KXY^RO\ S] ^O\WON _ZVYKNSXQ ^\KX]PO\\SXQ NK^K P\YW cY_\ MYWZ_^O\ ^Y K ]S^O YX ^RO AOL Y\ NYaXVYKNSXQ ^\KX]PO\\SXQ NK^K P\YW K ]S^O YX ^RO AOL ^Y cY_\ MYWZ_^O\ >RO\O K\O ]O`O\KV aKc] ^Y _ZVYKN Y\ NYaXVYKN NK^K 3^ MKX LO K] ]SWZVO K] K^^KMRSXQ K PSVO Y\ NYM_WOX^ ^Y KX OWKSV Y\ cY_ MKX _]O ^RO 0SVO >\KX]PO\ :\Y^YMYV 0>: POK^_\O] YP cY_\ AOL L\Ya]O\ ^Y ^\KX]PO\ VK\QO KWY_X^] YP NK^K 6QUJKDC U QPNKPG TGUQWTEGU >Y]RSLK WKSX^KSX] K X_WLO\ YP YXVSXO ]S^O] ^Y aRSMR cY_ MKX MYXXOM^ >RO]O ]S^O] Z\Y`SNO SXPY\WK^SYX KLY_^ >Y]RSLK Z\YN_M^] QS`O ROVZ aS^R ^OMRXSMKV [_O]^SYX] KXN UOOZ cY_ _Z ^Y NK^O aS^R P_^_\O _ZQ\KNO] 0Y\ WY\O SXPY\WK^SYX ]OO +ZZOXNSb - =K^OVVS^O =O\SO] " /bZVY\SXQ CY_\ 9Z^SYX] 'ZRNQTKPI XKFGQ HGCVWTGU CY_\ MYWZ_^O\v] `SNOY POK^_\O] SXMV_NO$ Z I @SOaSXQ ASXNYa] Z\O]OX^K^SYX] Y\ . @. WY`SO] OS^RO\ YX ^RO MYWZ_^O\ ]M\OOX NS]ZVKc ZKXOV Y\ Ob^O\XKV WYXS^Y\ I -KZ^_\SXQ `SNOY _]SXQ K MKWO\K MYXXOM^ON ^Y ^RO S6385 ZY\^ I :VKcSXQ LKMU @SNOY-. ] CY_\ =K^OVVS^O _]O] ^RO . cXKWSM @SNOY 7OWY\c >OMRXYVYQc 3^ aSVV ]RYa ^RO LK]SM "7, SX ^RO ]c]^OW SXPY\WK^SYX L_^ S^ KM^_KVVc aSVV NcXKWSMKVVc KVVYMK^O `SNOY WOWY\c _Z ^Y 7, 'ZRNQTKPI CWFKQ HGCVWTGU CY_ MKX _]O cY_\ MYWZ_^O\ ^Y \OMY\N ]Y_XN] _]SXQ KX Ob^O\XKV WSM\YZRYXO CY_ MKX ZVKc aK` ]Y_XN PSVO] Y\ K_NSY -. ] _]SXQ ^RO L_SV^SX ]ZOKUO\] ROKNZRYXO] Y\ Ob^O\XKV ]ZOKUO\] 4GEQTFKPI UQWPFU CY_ MKX WKUO K_NSY \OMY\NSXQ] KXN ]K`O ^ROW K] aK` PSVO] Lc MYXXOM^SXQ KX Ob^O\XKV WSM\YZRYXO Y\ Y^RO\ ]Y_XN ]Y_\MO ^Y ^RO WSM\YZRYXO TKMU KXN _]SXQ ^RO =Y_XN <OMY\NO\ POK^_\O SX ^RO YZO\K^SXQ ]c]^OW + aK` Z\YXY_XMON waK`Ox PSVO S] ^RO ASXNYa]Z PY\WK^ PY\ ]^Y\SXQ ]Y_XN SX PSVO] SX ^RO YZO\K^SXQ ]c]^OW =K^OVVS^O =O\SO] # /bZVY\SXQ CY_\ 9Z^SYX] 7UKPI C OKETQRJQPG -YXXOM^ KX Ob^O\XKV WSM\YZRYXO ^Y ^RO MYWZ_^O\ >Y VYMK^O ^RO WSM\YZRYXO ZY\^ ]OO w6OP^ ]SNOx -VSMU =^K\^ ZYSX^ ^Y +VV :\YQ\KW] +MMO]]Y\SO] /X^O\^KSXWOX^ ^ROX MVSMU =Y_XN <OMY\NO\ =KWZVO =Y_XN <OMY\NO\ ]M\OOX -VSMU ^RO <OMY\N L_^^YX KXN ]ZOKU XY\WKVVc SX^Y ^RO WSM\YZRYXO >RO WKbSW_W \OMY\NSXQ ^SWO S] ]OMYXN] AROX cY_ RK`O PSXS]RON \OMY\NSXQ MVSMU ^RO =^YZ L_^^YX >Y ROK\ aRK^ cY_ T_]^ \OMY\NON MVSMU ^RO :VKc L_^^YX >Y ]K`O ^RO PSVO ]OVOM^ =K`O P\YW ^RO 0SVO WOX_ #FLWUVKPI TGEQTFKPI UGVVKPIU >RO LO^^O\ ^RO [_KVS^c YP ^RO \OMY\NSXQ ^RO WY\O NS]U ]ZKMO ^RO ]Y_XN PSVO \O[_S\O] /bZO\SWOX^ ^Y PSXN K LKVKXMO ^RK^ PS^] cY_\ XOON] 9ZOX =Y_XN <OMY\NO\ SP XOMO]]K\c MVSMU =^K\^ ZYSX^ ^Y +VV :\YQ\KW] +MMO]]Y\SO] /X^O\^KSXWOX^ ^ROX MVSMU =Y_XN <OMY\NO\ 3X ^RO =Y_XN <OMY\NO\ aSXNYa MVSMU /NS^ ^ROX MVSMU +_NSY :\YZO\^SO] 3X ^RO +_NSY :\YZO\^SO] NSKVYQ LYb KNT_]^ ^RO <OMY\NSXQ `YV_WO KXN Z\OPO\\ON NO`SMO -VSMU 95 CY_\ XOa ]O^^SXQ] ^KUO OPPOM^ ^RO XOb^ ^SWO cY_ \OMY\N =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] 7UKPI GZVGTPCN URGCMGTU QT JGCFRJQPGU CY_\ MYWZ_^O\ S] O[_SZZON aS^R K P_VV ]^O\OY ]Y_XN ]c]^OW aS^R SX^O\XKV ]ZOKUO\] 3X]^OKN YP _]SXQ ^RO SX^O\XKV ]ZOKUO\] cY_ MKX MYXXOM^ ROKNZRYXO] Y\ K ZKS\ YP Ob^O\XKV ]^O\OY ]ZOKUO\] ?]O KWZVSPSON ]ZOKUO\] ^RK^ \O[_S\O KX Ob^O\XKV ZYaO\ ]Y_\MO 9^RO\ ^cZO] YP ]ZOKUO\] aSVV LO SXKNO[_K^O ^Y Z\YN_MO ]Y_XN P\YW ^RO MYWZ_^O\ >Y ZVKc LKMU ]Y_XN PSVO] ^R\Y_QR Ob^O\XKV ]ZOKUO\] Y\ ROKNZRYXO]$ 6YMK^O ^RO ROKNZRYXO TKMU YX ^RO MYWZ_^O\ >Y VYMK^O ^RO ROKNZRYXO TKMU ]OO w6OP^ ]SNOx ?]SXQ KXc XOMO]]K\c KNKZ^Y\] ZV_Q ^RO MKLVO P\YW ^RO ROKNZRYXO] Y\ Ob^O\XKV ]ZOKUO\] SX^Y ^RO ROKNZRYXO TKMU >RO ROKNZRYXO TKMU \O[_S\O] K YRW ]^O\OY WSXSTKMU +NT_]^ ^RO `YV_WO$ I 0Y\ Ob^O\XKV ]ZOKUO\] _]O ^RO `YV_WO MYX^\YV] YX OKMR ]ZOKUO\ I 0Y\ ROKNZRYXO] _]O ^RO MYWZ_^O\v] `YV_WO MYX^\YV NSKV 7UKPI 2% %CTFU :- -K\N] ObZKXN cY_\ MYWZ_^O\v] MKZKLSVS^SO] KXN _]OP_VXO]] CY_ MKX Z_\MRK]O KNNS^SYXKV :- -K\N] P\YW cY_\ NOKVO\ 7Y]^ :- -K\N] MYXPY\W ^Y ^RO :-7-3+ :O\]YXKV -YWZ_^O\ 7OWY\c -K\N 3X^O\XK^SYXKV +]]YMSK^SYX ]^KXNK\N CY_\ MYWZ_^O\ RK] ^aY ]^KMUON :- -K\N ]VY^] KXN ]_ZZY\^] ^R\OO ^cZO] YP :- -K\N]$ I >aY >cZO 3 KXN >cZO 33 MK\N] I 9XO >cZO 333 MK\N -ROMU ^RO NYM_WOX^K^SYX ^RK^ MKWO aS^R ^RO :- -K\N ^Y ]OO SP S^ MYXPY\W] ^Y ^RO :-7-3+ ]^KXNK\N Y\ VK^O\ 9^RO\ MK\N] WKc aY\U aS^R cY_\ MYWZ_^O\ L_^ K\O VSUOVc ^Y LO W_MR WY\O NSPPSM_V^ ^Y ]O^ _Z KXN _]O 2% %CTF UWRRQTVKPI UQHVYCTG :- -K\N] \O[_S\O -K\N KXN =YMUO^ =O\`SMO] ]YP^aK\O { K ]O^ YP Z\YQ\KW] ^RK^ KM^] K] K ^\KX]VK^Y\ LO^aOOX ^RO :- -K\N KXN ^RO MYWZ_^O\ KXN ^RK^ WKUO] RY^ ]aKZZSXQ ]aS^MRSXQ MK\N] aRSVO ^RO MYWZ_^O\ S] YX ZY]]SLVO =K^OVVS^O =O\SO] /bZVY\SXQ CY_\ 9Z^SYX] +PUGTVKPI 2% %CTFU 3P cY_\ :- -K\N NYO] XY^ ]_ZZY\^ RY^ ]aKZZSXQ ]K`O cY_\ NK^K KXN ^_\X YPP ^RO MYWZ_^O\ LOPY\O SX]O\^SXQ ^RO :- -K\N 0Y\ WY\O SXPY\WK^SYX ]OO w 2Y^ ]aKZZSXQx 2YVN ^RO :- -K\N aS^R ^RO K\\Ya ]SNO _Z KXN ^RO MYXXOM^Y\ ]SNO ^YaK\N ^RO ]VY^ +VSQX ^RO MK\N MYXXOM^Y\] aS^R KX K`KSVKLVO :- -K\N ]VY^ KXN MK\OP_VVc ]VSNO ^RO MK\N SX^Y ^RO ]VY^ _X^SV S^ VYMU] SX^Y ZVKMO 3P cY_ RK`O K >cZO 333 MK\N SX]O\^ ^RO MYXXOM^Y\ SX^Y ^RO VYaO\ ]VY^ 3P cY_ RK`O K >cZO 3 Y\ >cZO 33 MK\N cY_ MKX SX]O\^ S^ SX^Y OS^RO\ ^RO _ZZO\ Y\ ^RO VYaO\ ]VY^ >RO\O K\O ^aY OTOM^ L_^^YX] YXO ZO\ ]VY^ >Y K`YSN NKWKQSXQ ^RO :- -K\N Y\ ^RO MYWZ_^O\ NYXv^ PY\MO ^RO MK\N SX^Y ^RO :- -K\N ]VY^ 4GOQXKPI 2% %CTFU -VSMU ^RO :- -K\N L_^^YX YX ^RO ^K]ULK\ -VSMU =^YZ bbbb aRO\O bbbb S] ^RO SNOX^SPSO\ PY\ cY_\ :- -K\N >RO YZO\K^SXQ ]c]^OW KN`S]O] cY_ ^RK^ cY_ WKc ]KPOVc \OWY`O ^RO MK\N >Y \OWY`O ^RO :- -K\N Z\O]] ^RO ]VY^v] OTOM^ L_^^YX YXMO <OWY`O ^RO :- -K\N KXN ]^Y\O S^ Z\YZO\Vc *QV UYCRRKPI 9XO YP ^RO Q\OK^ ^RSXQ] KLY_^ :- -K\N] S] ^RK^ cY_ MKX \OZVKMO YXO :-K\N aS^R KXY^RO\ aRSVO ^RO MYWZ_^O\ S] YX >RS] S] MKVVON wRY^ ]aKZZSXQx *QV UYCRRKPI RTGECWVKQPU +V^RY_QR cY_ MKX SX]O\^ K :- -K\N K^ KXc ^SWO ^Y K`YSN NK^K VY]] XO`O\ \OWY`O K MK\N aRSVO S^ S] SX _]O 0Y\ ObKWZVO$ I 8O`O\ \OWY`O K RK\N NS]U MK\N aRSVO ^RO ]c]^OW S] KMMO]]SXQ S^ I 8O`O\ \OWY`O K XO^aY\U MK\N aRSVO cY_ K\O MYXXOM^ON ^Y K XO^aY\U , OPY\O \OWY`SXQ K :- -K\N ]R_^ S^ NYaX Lc MVSMUSXQ ^RO :- -K\N :-7-3+ SMYX YX ^RO ^K]ULK\ 9XMO ^RO :- -K\N RK] ]^YZZON cY_ MKX ]KPOVc \OWY`O S^ =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ 5CVGNNKVG 5GTKGU %JCRVGT +H 5QOGVJKPI )QGU 9TQPI =YWO Z\YLVOW] cY_ WKc OXMY_X^O\ aROX _]SXQ cY_\ XY^OLYYU MYWZ_^O\ K\O \OVK^S`OVc OK]c ^Y SNOX^SPc KXN ]YV`O 9^RO\] WKc \O[_S\O ROVZ P\YW cY_\ NOKVO\ Y\ ^RO WKX_PKM^_\O\ YP K ]YP^aK\O Z\YQ\KW >RS] MRKZ^O\ KSW] ^Y ROVZ cY_ ]YV`O WKXc Z\YLVOW] Lc cY_\]OVP 3^ MY`O\] ^RO Z\YLVOW] cY_ K\O WY]^ VSUOVc ^Y OXMY_X^O\ 2TQDNGOU VJCV CTG GCU[ VQ HKZ ;QWT RTQITCO UVQRU TGURQPFKPI 3P cY_ K\O aY\USXQ aS^R K Z\YQ\KW ^RK^ ]_NNOXVc P\OOdO] KVV YZO\K^SYX] MRKXMO] K\O ^RO Z\YQ\KW RK] ]^YZZON \O]ZYXNSXQ CY_ MKX ObS^ ^RO PKSVON Z\YQ\KW aS^RY_^ ]R_^^SXQ NYaX >Y MVY]O K Z\YQ\KW ^RK^ RK] ]^YZZON \O]ZYXNSXQ SX ASXNYa]Z B: 2YWO$ :\O]] -^\V +V^ KXN . OV ]SW_V^KXOY_]Vc >RO ASXNYa] >K]U 7KXKQO\ KZZOK\] -VSMU ^RO +ZZVSMK^SYX] ^KL 3P K Z\YQ\KW RK] ]^YZZON \O]ZYXNSXQ ^RO aY\N] wXY^ \O]ZYXNSXQx KZZOK\ LO]SNO S^] XKWO SX ^RO VS]^ =OVOM^ ^RO Z\YQ\KW cY_ aKX^ ^Y MVY]O ^ROX MVSMU /XN >K]U -VY]SXQ ^RO PKSVON Z\YQ\KW ]RY_VN KVVYa cY_ ^Y MYX^SX_O aY\USXQ 3P S^ NYO] XY^ MYX^SX_O aS^R ]^OZ -VY]O ^RO \OWKSXSXQ Z\YQ\KW] YXO Lc YXO Lc ]OVOM^SXQ ^RO Z\YQ\KW XKWO ^ROX /XN >K]U =OVOM^ =R_^ . YaX P\YW ^RO WOX_ ^ROX MVSMU >_\X 9PP >RO MYWZ_^O\ ]R_^] NYaX :\O]]SXQ -^\V +V^ KXN . OV ]SW_V^KXOY_]Vc ^aSMO ^Y \O]^K\^ cY_\ MYWZ_^O\ S] XY^ \OMYWWOXNON , c MVY]SXQ KVV YZOX Z\YQ\KW] LOPY\O ]R_^^SXQ NYaX ^RO ]c]^OW cY_ OX]_\O ^RK^ KVV NK^K S] ]K`ON 7UGThU /CPWCN =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ ;QWT RTQITCO RGTHQTOU CP KNNGICN QRGTCVKQP 3P cY_ \OMOS`O ^RO WO]]KQO wCY_\ Z\YQ\KW RK] ZO\PY\WON KX SVVOQKV YZO\K^SYXx cY_ ]RY_VN \OMY\N ^RO NO^KSV] YP ^RO WO]]KQO KXN MYX]_V^ ^RO ]YP^aK\O WKX_PKM^_\O\ >Y \OMY\N ^RO NO^KSV]$ -VSMU ^RO . O^KSV] L_^^YX KXN ]OVOM^ ^RO ^Ob^ ASXNYa] 7SVVOXXS_W /NS^SYX NS]ZVKc] >RO . O^KSV] L_^^YX NS]ZVKc] SXPY\WK^SYX ^RK^ ^RO ]YP^aK\O WKX_PKM^_\O\ XOON] ^Y ROVZ cY_ ]YV`O cY_\ Z\YLVOW :\O]] -^\V KXN M ]SW_V^KXOY_]Vc ^Y MYZc ^RO ^Ob^ ^Y ^RO MVSZLYK\N 9ZOX 8Y^OZKN MVSMU =^K\^ ZYSX^ ^Y +VV :\YQ\KW] ^ROX ZYSX^ ^Y +MMO]]Y\SO] KXN MVSMU 8Y^OZKN :\O]] -^\V KXN ` ]SW_V^KXOY_]Vc ^Y ZK]^O ^RO NO^KSV] SX^Y 8Y^OZKN +NN K ZK\KQ\KZR L\OKU KXN ^cZO ]YWO XY^O] NO]M\SLSXQ aRK^ cY_ aO\O NYSXQ aROX cY_ \OMOS`ON ^RO WO]]KQO =K`O ^RO PSVO KXN \OPO\ ^Y S^ aROX cY_ MYX^KM^ ^RO ]YP^aK\O WKX_PKM^_\O\ 2TQDNGOU YJGP [QW VWTP QP VJG EQORWVGT >RO]O Z\YLVOW] WKc YMM_\ aROX cY_ ^_\X YX ^RO ZYaO\ 6JG EQORWVGT YKNN PQV UVCTV 7KUO ]_\O cY_ K^^KMRON ^RO +- KNKZ^Y\ KXN ZYaO\ MKLVO Z\YZO\Vc Y\ SX]^KVVON K MRK\QON LK^^O\c :\O]] KXN RYVN NYaX ^RO ZYaO\ L_^^YX PY\ K POa ]OMYXN] 3P cY_ K\O _]SXQ ^RO +- KNKZ^Y\ MROMU ^RK^ ^RO aKVV Y_^VO^ S] aY\USXQ Lc ZV_QQSXQ SX KXY^RO\ NO`SMO ]_MR K] K VKWZ 6JG EQORWVGT UVCTVU DWV YJGP [QW RTGUU C MG[ QP VJG MG[DQCTF QT VQWEJ VJG 6QWEJ RCF PQVJKPI JCRRGPU CY_ K\O Z\YLKLVc SX =^KXNLc WYNO KXN RK`O K ]YP^aK\O Y\ \O]Y_\MO MYXPVSM^ AROX ^RS] RKZZOX] ^_\XSXQ ^RO ZYaO\ YX \O^_\X] cY_ ^Y ^RO Z\YLVOW SX]^OKN YP \O]^K\^SXQ ^RO ]c]^OW >Y MVOK\ ^RO MYXNS^SYX Z\O]] -^\V +V^ KXN . OV ]SW_V^KXOY_]Vc Y\ Z\O]] ^RO \O]O^ L_^^YX -VOK\SXQ ^RO MYXNS^SYX WKc QO^ ^RO MYWZ_^O\ \_XXSXQ L_^ S^ aYXv^ ]YV`O K \O]Y_\MO MYXPVSM^ <OKN ^RO NYM_WOX^K^SYX ^RK^ MKWO aS^R ^RO MYXPVSM^SXQ NO`SMO KXN w<O]YV`SXQ K RK\NaK\O MYXPVSM^x 6JG EQORWVGT FKURNC[U VJG 9#40+0) 4'57/' (#+. 74' OGUUCIG >RO MYWZ_^O\ aK] ZVKMON SX =^KXNLc WYNO KXN ^RO LK^^O\c RK] NS]MRK\QON . K^K ]^Y\ON SX ^RO MYWZ_^O\v] WOWY\c RK] LOOX VY]^ >Y MRK\QO ^RO LK^^O\c VOK`O ^RO MYWZ_^O\ ZV_QQON SX^Y K VS`O aKVV Y_^VO^ PY\ KLY_^ ^R\OO RY_\] =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ 6JG EQORWVGT FKURNC[U VJG 0QP 5[UVGO FKUM QT FKUM GTTQT OGUUCIG 7KUO ]_\O ^RO\O S] XY NS]UO^^O SX ^RO NS]UO^^O N\S`O 3P ^RO\O S] YXO \OWY`O S^ KXN Z\O]] KXc UOc ^Y MYX^SX_O 3P Z\O]]SXQ KXc UOc NYO] XY^ aY\U Z\O]] -^\V +V^ KXN . OV Y\ Z\O]] ^RO \O]O^ L_^^YX ^Y \O]^K\^ ^RO MYWZ_^O\ 6JG 9KPFQYU QRGTCVKPI U[UVGO KU PQV YQTMKPI 9XMO cY_ K\O PKWSVSK\ aS^R ^RO NO]U^YZ KXN _]ON ^Y ^RO aKc ^RO YZO\K^SXQ ]c]^OW \O]ZYXN] ^Y cY_\ aY\U \Y_^SXO cY_ MKX OK]SVc NO^OM^ SP ^RO YZO\K^SXQ ]c]^OW S] XY^ aY\USXQ MY\\OM^Vc 0Y\ ObKWZVO$ I >RO YZO\K^SXQ ]c]^OW PKSV] ^Y ]^K\^ KP^O\ ^RO =^K\^SXQ ASXNYa]Z WO]]KQO KZZOK\] I >RO YZO\K^SXQ ]c]^OW ^KUO] K VYXQ ^SWO ^Y ]^K\^ I >RO YZO\K^SXQ ]c]^OW \O]ZYXN] NSPPO\OX^Vc P\YW ^RO XY\WKV \Y_^SXO I >RO ]M\OOX NYO] XY^ VYYU \SQR^ ?XVO]] K RK\NaK\O NO`SMO RK] PKSVON Z\YLVOW] _]_KVVc YMM_\ aROX cY_ MRKXQO ^RO ]c]^OW SX ]YWO aKc ]_MR K] SX]^KVVSXQ K XOa Z\YQ\KW Y\ KNNSXQ K NO`SMO Z 3P cY_ ObZO\SOXMO KXc YP ^RO]O Z\YLVOW] _]O ^RO YZ^SYX] SX ^RO ASXNYa] =^K\^_Z WOX_ ^Y PSb ^RO Z\YLVOW [ 7UKPI 5VCTVWR QRVKQPU VQ HKZ RTQDNGOU 3P ^RO YZO\K^SXQ ]c]^OW PKSV] ^Y ]^K\^ Z\YZO\Vc cY_ WKc RK`O ^Y MRKXQO cY_\ ]c]^OWv] MYXPSQ_\K^SYX Y\ `O\SPc ^RO ]^K\^_Z Z\YMON_\O ^Y PSb ^RO Z\YLVOW >Y NY ^RS] _]O ^RO YZ^SYX] SX ^RO =^K\^_Z WOX_ >Y YZOX ^RO =^K\^_Z WOX_$ <O]^K\^ cY_\ MYWZ_^O\ :\O]] 0" aROX cY_\ MYWZ_^O\ ]^K\^] +PVGTPGV RTQDNGOU /[ +PVGTPGV EQPPGEVKQP KU XGT[ UNQY 7KXc PKM^Y\] MYX^\SL_^O ^Y ^RO ]ZOON aS^R aRSMR cY_ MKX ]_\P ^RO 3X^O\XO^ >ROc SXMV_NO$ WYNOW ]ZOON ^SWO YP NKc aROX O`O\cYXO OV]O S] ]_\PSXQ cY_\ KMMO]] MKX LO ]VYa KXN ZYZ_VK\S^c YP ^RO ]S^O 3P KMMO]]SXQ K ZK\^SM_VK\ ]S^O S] `O\c ]VYa ^\c VK^O\ /[ DTQYUGT ECP V HKPF VJG 74. CFFTGUU + V[RGF KP 7KUO ]_\O cY_ ]OZK\K^ON ^RO NYWKSX XKWO] YP ^RO KNN\O]] aS^R ^RO PY\aK\N ]VK]R -ROMU ^RO ]ZOVVSXQ YP OKMR XKWO KXN ^RO ]cX^Kb YP ^RO KNN\O]] MK\OP_VVc + ]SXQVO SXMY\\OM^ VO^^O\ Y\ WS]]ON MRK\KM^O\ MYWWK SX]^OKN YP ZO\SYN wNY^x Y\ Y^RO\ WS]^KUO WKUO] S^ SWZY]]SLVO PY\ cY_\ L\Ya]O\ ^Y VYMK^O ^RO ]S^O =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ /[ DTQYUGT ECP V HKPF C UKVG + DQQMOCTMGF >RO AY\VN ASNO AOL S] MYX]^KX^Vc MRKXQSXQ + ]S^O cY_ LYYUWK\UON cO]^O\NKc WKc XY^ LO K`KSVKLVO ^YNKc Y\ S^] ]O\`O\ WKc LO NYaX PY\ ^OWZY\K\c \OZKS\ >\c KQKSX VK^O\ 6JG QRGTCVKPI U[UVGO ECP JGNR [QW 3P ASXNYa]Z RK] ]^K\^ON Z\YZO\Vc L_^ cY_ ]^SVV RK`O K Z\YLVOW _]SXQ cY_\ MYWZ_^O\ ^RO YXVSXO 2OVZ MKX K]]S]^ cY_ SX ^\Y_LVO]RYY^SXQ ^RO Z\YLVOW Z >Y KMMO]] ASXNYa] 2OVZ KXN =_ZZY\^$ -VSMU ^RO =^K\^ L_^^YX KXN MVSMU 2OVZ . Y_LVOMVSMU K Z\YLVOW cY_ aY_VN VSUO ROVZ aS^R KXN PYVVYa ^RO ]^OZ] YX ^RO ]M\OOX 9QTMKPI YKVJ VTQWDNGUJQQVGTU ASXNYa]Z 2OVZ KXN =_ZZY\^ SXMV_NO] K aSNO \KXQO YP ROVZP_V ^\Y_LVO]RYY^O\] ^RK^ MKX K]]S]^ cY_ aS^R WKXc MYWWYX MYWZ_^O\ Z\YLVOW] 0Y\ SX]^KXMO SP cY_ K\O RK`SXQ NSPPSM_V^c ]O^^SXQ _Z K XOa Z\SX^O\ ^RO :\SX^ ^\Y_LVO]RYY^O\ MKX aKVU cY_ ^R\Y_QR ^RO ]O^_Z Z\YMO]] ]^OZ Lc ]^OZ >\Y_LVO]RYY^O\] K\O K`KSVKLVO ^R\Y_QR ASXNYa]Z 2OVZ KXN =_ZZY\^ KXN ^ROc K\O MYX]^KX^Vc _ZNK^ON KXN ]_ZZVOWOX^ON YX ^RO 7SM\Y]YP^ =_ZZY\^ 9XVSXO AOL ]S^O R^^Z$]_ZZY\^WSM\Y]YP^MYW 4GUQNXKPI C JCTFYCTG EQPHNKEV 3P cY_ \OMOS`O KX O\\Y\ WO]]KQO ^OVVSXQ cY_ ^RO\O S] K NO`SMO N\S`O\ MYXPVSM^ Y\ K QOXO\KV RK\NaK\O Z\YLVOW ^\c _]SXQ ASXNYa]Z 2OVZ ^Y ^\Y_LVO]RYY^ ^RO Z\YLVOW PS\]^ 3P ^RO\O S] ]^SVV K Z\YLVOW ^RO YZO\K^SXQ ]c]^OW ]RY_VN NS]ZVKc K WO]]KQO ^RK^ ObZVKSX] aRK^ ^RO MYXPVSM^ S] # RNCP QH CEVKQP >RO ]WYY^R YZO\K^SYX YP ^RO ]c]^OW NOZOXN] YX ^RO SX^O\KM^SYX YP KVV NO`SMO] Z\YQ\KW] KXN POK^_\O] 3P ^RO ]c]^OW Y\ YXO YP S^] K^^KMRON NO`SMO] S]Xv^ aY\USXQ \O]YV`SXQ ^RO Z\YLVOW MKX LO ^SWOMYX]_WSXQ KXN P\_]^\K^SXQ >RO \OMYWWOXNON Z\YMON_\O PY\ QO^^SXQ W_V^SZVO NO`SMO] ^Y aY\U ^YQO^RO\ S] ^Y KNN KXN ]O^ _Z YXO NO`SMO K^ K ^SWO +P^O\ cY_ KNN OKMR NO`SMO ^O]^ S^ ^Y WKUO ]_\O S^ KXN KVV Z\O`SY_]Vc MYXXOM^ON NO`SMO] aY\U >RO NO`SMO WY]^ \OMOX^Vc MYXXOM^ON ^Y ^RO ]c]^OW S] ^RO YXO WY]^ VSUOVc ^Y LO MK_]SXQ K RK\NaK\O MYXPVSM^ =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ 4GUQNXKPI JCTFYCTG EQPHNKEVU QP [QWT QYP -YWZ_^O\ MYWZYXOX^] XOON \O]Y_\MO] ^Y KMMYWZVS]R K ^K]U + NO`SMO ]_MR K] K NS]U N\S`O Y\ K WYNOW XOON] K MRKXXOV ^Y ^RO MYWZ_^O\v] -OX^\KV :\YMO]]SXQ ?XS^ -:?3^ KV]Y XOON] K NS\OM^ MRKXXOV ^Y ^RO MYWZ_^O\v] WOWY\c ^Y ]^Y\O SXPY\WK^SYX K] S^ aY\U] >RO]O MRKXXOV] YP MYWW_XSMK^SYX K\O MYWWYXVc \OPO\\ON ^Y K] ]c]^OW \O]Y_\MO] +PVGTTWRV 4GSWGUV %JCPPGN >RO MRKXXOV ^Y ^RO -:?S] MKVVON KX 3X^O\\_Z^ <O[_O]^ 3<; LOMK_]O S^ SX^O\\_Z^] aRK^ ^RO Z\YMO]]Y\ S] NYSXQ KXN \O[_O]^] ]YWO YP ^RO Z\YMO]]Y\v] ^SWO 3P ^aY Y\ WY\O NO`SMO] _]O ^RO ]KWO 3<; ^RO Z\YMO]]Y\ NYO] XY^ UXYa aRSMR NO`SMO S] K]USXQ PY\ K^^OX^SYX >RS] MK_]O] K RK\NaK\O MYXPVSM^ &KTGEV /GOQT[ #EEGUU =SWSVK\Vc ^RO NK^K \O[_S\ON Lc ^RO NO`SMO S] ]^Y\ON SX K ]ZOMSPSM ZVKMO Y\ KNN\O]] SX WOWY\c MKVVON ^RO . S\OM^ 7OWY\c +MMO]] . 7+ >RO . 7+ Z\Y`SNO] K NONSMK^ON MRKXXOV PY\ KNKZ^Y\ MK\N] ^Y LcZK]] ^RO WSM\YZ\YMO]]Y\ KXN KMMO]] WOWY\c NS\OM^Vc 3P ^aY Y\ WY\O NO`SMO] _]O ^RO ]KWO . 7+ ^RO NK^K \O[_S\ON Lc YXO NO`SMO Y`O\a\S^O] ^RO NK^K \O[_S\ON Lc ^RO Y^RO\ MK_]SXQ K RK\NaK\O MYXPVSM^ 2NWI CPF 2NC[ AS^R :V_Q KXN :VKc K`YSNSXQ RK\NaK\O MYXPVSM^] S] OK]c :V_Q KXN :VKc S] K MYWZ_^O\ ]^KXNK\N ^RK^ ROVZ] ^RO ]c]^OW , 39= LK]SM SXZ_^Y_^Z_^ ]c]^OW KXN ^RO YZO\K^SXQ ]c]^OW ^Y K_^YWK^SMKVVc K]]SQX \O]Y_\MO] ^Y :V_Q KXN :VKcMYWZVSKX^ NO`SMO] 3X ^ROY\c SP O`O\c NO`SMO MYXXOM^ON ^Y ^RO MYWZ_^O\ S] :V_Q KXN :VKcMYWZVSKX^ XY ^aY NO`SMO] aSVV MYWZO^O PY\ ^RO ]KWO ]c]^OW \O]Y_\MO] :V_Q SX ^RO NO`SMO KXN ^_\X YX cY_\ MYWZ_^O\ >RO YZO\K^SXQ ]c]^OW K_^YWK^SMKVVc ]O^] _Z cY_\ ]c]^OW ^Y KMMYWWYNK^O ^RO XOa NO`SMO 3P cY_ SX]^KVV KX YVNO\ VOQKMc NO`SMO ^RK^ ^RO YZO\K^SXQ ]c]^OW MKXXY^ \OMYQXS]O S^ WKc RK`O NSPPSM_V^c K]]SQXSXQ \O]Y_\MO] ^Y S^ +] K \O]_V^ K RK\NaK\O MYXPVSM^ MKX YMM_\ >Y ]OO aRK^ \O]Y_\MO] RK`O LOOX K]]SQXON ^Y ^RO NO`SMO ]OO w-ROMUSXQ NO`SMO Z\YZO\^SO]x 4GUQNXKPI EQPHNKEVU >RO\O K\O ^R\OO ^RSXQ] cY_ MKX NY ^Y \O]YV`O RK\NaK\O MYXPVSM^]$ I . S]KLVO ^RO NO`SMO 0Y\ KX YVNO\ NO`SMO \OWY`O S^ P\YW ^RO MYWZ_^O\ 0Y\ K :V_Q KXN :VKc NO`SMO ]OO w0SbSXQ K Z\YLVOW aS^R . O`SMO 7KXKQO\x I . S]KLVO KXY^RO\ ]c]^OW MYWZYXOX^ KXN _]O S^] \O]Y_\MO] PY\ ^RO XOa NO`SMO ]OO w0SbSXQ K Z\YLVOW aS^R . O`SMO 7KXKQO\x I <OMYXPSQ_\O ^RO NO`SMO ]Y ^RK^ S^] \O[_S\OWOX^] NY XY^ MYXPVSM^ <OPO\ ^Y ^RO NO`SMOv] NYM_WOX^K^SYX PY\ SX]^\_M^SYX] KLY_^ MRKXQSXQ ]O^^SXQ] YX ^RO NO`SMO =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ (KZKPI C RTQDNGO YKVJ &GXKEG /CPCIGT . O`SMO 7KXKQO\ Z\Y`SNO] K aKc ^Y MROMU KXN MRKXQO ^RO MYXPSQ_\K^SYX YP K NO`SMO -RKXQSXQ ^RO NOPK_V^ ]O^^SXQ] _]SXQ . O`SMO 7KXKQO\ MKX MK_]O Y^RO\ MYXPVSM^] ^RK^ WKUO YXO Y\ WY\O NO`SMO] _X_]KLVO . O`SMO 7KXKQO\ S] K MYXPSQ_\K^SYX ^YYV PY\ KN`KXMON _]O\] aRY _XNO\]^KXN MYXPSQ_\K^SYX ZK\KWO^O\] KXN ^RO \KWSPSMK^SYX] YP MRKXQSXQ ^ROW &KUCDNKPI C FGXKEG -VSMU =^K\^ MVSMU ^RO 7c -YWZ_^O\ SMYX aS^R ^RO ]OMYXNK\c L_^^YX ^ROX MVSMU :\YZO\^SO] >RO =c]^OW :\YZO\^SO] NSKVYQ LYb KZZOK\] -VSMU ^RO 2K\NaK\O ^KL -VSMU ^RO . O`SMO 7KXKQO\ L_^^YX =OVOM^ ^RO ]ZOMSPSM NO`SMO P\YW ^RO NO`SMO MK^OQY\c 3X ^RO ^YYVLK\ VYYU ^Y ^RO PK\ \SQR^ PY\ KX SMYX YP K WYXS^Y\ aS^R K ]^\SUO WK\U ^R\Y_QR K MS\MVO YX ^RO P\YX^ >RS] S] ^RO NS]KLVO POK^_\O !-VSMU ^RO SMYX " CY_ K\O QS`OX ^RO YZ^SYX YP NS]KLVSXQ ^RO NO`SMO # -VSMU cO] Y\ XY aRSMRO`O\ S] KZZ\YZ\SK^O %JGEMKPI FGXKEG RTQRGTVKGU . O`SMO 7KXKQO\ Z\Y`SNO] K aKc ^Y `SOa ^RO Z\YZO\^SO] YP K NO`SMO :\YZO\^SO] SXMV_NO ^RO XKWO YP ^RO WKX_PKM^_\O\ ^RO ^cZO YP NO`SMO ^RO N\S`O\] SX]^KVVON KXN ^RO ]c]^OW \O]Y_\MO] K]]SQXON ^Y ^RO NO`SMO >Y MROMU K NO`SMOv] Z\YZO\^SO]$ -VSMU ^RO 7c -YWZ_^O\ SMYX aS^R ^RO ]OMYXNK\c L_^^YX ^ROX MVSMU :\YZO\^SO] >RO =c]^OW :\YZO\^SO] NSKVYQ LYb KZZOK\] I ASXNYa] B: YXVc$ -VSMU ^RO 2K\NaK\O ^KL -VSMU . O`SMO 7KXKQO\ >Y `SOa ^RO NO`SMO] SX]^KVVON NY_LVOMVSMU ^RO NO`SMO ^cZO =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ >Y `SOa ^RO Z\YZO\^SO] NY_LVOMVSMU ^RO NO`SMO >RO YZO\K^SXQ ]c]^OW NS]ZVKc] ^RO . O`SMO :\YZO\^SO] NSKVYQ LYb aRSMR Z\Y`SNO] `K\SY_] ^KL] P\YW aRSMR ^Y MRYY]O =YWO YP ^RO MYWWYX YXO] K\O$ I >RO 1OXO\KV ^KL aRSMR Z\Y`SNO] LK]SM SXPY\WK^SYX KLY_^ ^RO NO`SMO I >RO <O]Y_\MO] ^KL aRSMR VS]^] ^RO \O]Y_\MO] K]]SQXON ^Y ^RO NO`SMO 3P cY_ RK`O K NO`SMO MYXPVSM^ S^ S] ]RYaX SX ^RO -YXPVSM^SXQ NO`SMO VS]^ I >RO . \S`O\] ^KL aRSMR NS]ZVKc] ^RO N\S`O\] LOSXQ _]ON Lc ^RO NO`SMO 0Y\ WY\O SXPY\WK^SYX KLY_^ . O`SMO 7KXKQO\ \OPO\ ^Y ASXNYa]Z YXVSXO ROVZ /GOQT[ ECTF RTQDNGOU 3XMY\\OM^Vc MYXXOM^ON Y\ PK_V^c WOWY\c WYN_VO] WKc MK_]O O\\Y\] ^RK^ ]OOW ^Y LO NO`SMO\OVK^ON 3^ S] aY\^RaRSVO MROMUSXQ PY\ ^RO]O PS\]^$ >_\X YPP ^RO MYWZ_^O\ `SK ^RO =^K\^ WOX_ <OWY`O ^RO WOWY\c WYN_VO <OSX]^KVV ^RO WOWY\c WYN_VO PYVVYaSXQ ^RO SX]^\_M^SYX] SX w3X]^KVVSXQ KNNS^SYXKV WOWY\cx KXN WKUSXQ ]_\O S^ S] ]OK^ON Z\YZO\Vc -ROMU PY\ ^RO O\\Y\ KQKSX 3P ^RO O\\Y\ \OM_\] \OWY`O ^RO WOWY\c WYN_VO OX^S\OVc KXN MROMU PY\ ^RO O\\Y\ KQKSX 3P \OWY`SXQ ^RO WOWY\c WYN_VO OVSWSXK^O] ^RO O\\Y\ ^RO WOWY\c WYN_VO WKc LO PK_V^c 3P ^RO O\\Y\ \OM_\] aS^RY_^ ^RO WOWY\c WYN_VO SX]^KVVON ^RO O\\Y\ S] XY^ MK_]ON Lc ^RO WOWY\c WYN_VO 2QYGT CPF VJG DCVVGTKGU CY_\ MYWZ_^O\ \OMOS`O] S^] ZYaO\ ^R\Y_QR ^RO +- KNKZ^Y\ KXN ZYaO\ MKLVO Y\ P\YW ^RO ]c]^OW LK^^O\SO] WKSX LK^^O\c KXN \OKV^SWO MVYMU <>- LK^^O\c :YaO\ Z\YLVOW] K\O SX^O\\OVK^ON 0Y\ ObKWZVO K PK_V^c +- KNKZ^Y\ Y\ ZYaO\ MKLVO aSVV XOS^RO\ ZYaO\ ^RO MYWZ_^O\ XY\ \OMRK\QO ^RO LK^^O\SO] 2O\O K\O ]YWO ^cZSMKV Z\YLVOW] KXN RYa ^Y ]YV`O ^ROW$ 6JG #% RQYGT NKIJV FQGU PQV EQOG QP YJGP [QW RNWI KP VJG #% CFCRVQT CPF RQYGT ECDNG 7KUO ]_\O ^RO +- KNKZ^Y\ KXN ZYaO\ MKLVO K\O PS\WVc ZV_QQON SX^Y LY^R ^RO aKVV Y_^VO^ KXN ^RO MYWZ_^O\ 3P ^RO +- ZYaO\ VSQR^ ]^SVV NYO] XY^ MYWO YX MROMU ^RK^ ^RO aKVV Y_^VO^ S] aY\USXQ Z\YZO\Vc Lc ZV_QQSXQ SX K VKWZ Y\ Y^RO\ KZZVSKXMO =K^OVVS^O =O\SO] ! 3P =YWO^RSXQ 1YO] A\YXQ 6JG #% CFCRVQT CPF RQYGT ECDNG YQTM EQTTGEVN[ DWV VJG DCVVGT[ YKNN PQV EJCTIG >RO LK^^O\c NYO]Xv^ MRK\QO aRSVO ^RO MYWZ_^O\ S] MYX]_WSXQ P_VV ZYaO\ >\c ^_\XSXQ YPP ^RO MYWZ_^O\ >RO WKSX LK^^O\c WKc XY^ LO SX]O\^ON MY\\OM^Vc SX ^RO MYWZ_^O\ >_\X YPP ^RO MYWZ_^O\ \OWY`O ^RO LK^^O\c MVOKX ^RO MYX^KM^] aS^R K ]YP^ N\c MVY^R SP XOMO]]K\c KXN \OZVKMO ^RO LK^^O\c >RO LK^^O\c WKc LO ^YY RY^ Y\ ^YY MYVN ^Y MRK\QO Z\YZO\Vc 3^] ^OWZO\K^_\O XOON] ^Y LO SX ^RO \KXQO YP NOQ\OO] ^Y "" NOQ\OO] 0KR\OXROS^ NOQ\OO] ^Y NOQ\OO] -OV]S_] 3P cY_ ^RSXU ^RS] S] ^RO Z\YLKLVO MK_]O VO^ ^RO LK^^O\c \OKMR \YYW ^OWZO\K^_\O KXN ^\c KQKSX 3P ^RO LK^^O\c RK] MYWZVO^OVc NS]MRK\QON S^ aSVV XY^ LOQSX MRK\QSXQ SWWONSK^OVc 6OK`O ^RO +- KNKZ^Y\ KXN ZYaO\ MKLVO MYXXOM^ON aKS^ WSX_^O] KXN ]OO SP ^RO LK^^O\c S] MRK\QSXQ 3P ^RO LK^^O\c VSQR^ S] QVYaSXQ KP^O\ WSX_^O] VO^ ^RO MYWZ_^O\ MYX^SX_O MRK\QSXQ ^RO LK^^O\c PY\ K^ VOK]^ KXY^RO\ WSX_^O] LOPY\O cY_ ^_\X YX ^RO MYWZ_^O\ 3P ^RO LK^^O\c VSQR^ NYO] XY^ QVYa KP^O\ WSX_^O] ^RO LK^^O\c WKc RK`O \OKMRON ^RO OXN YP S^] _]OP_V VSPO >\c \OZVKMSXQ S^ 6JG DCVVGT[ CRRGCTU PQV VQ RQYGT VJG EQORWVGT HQT CU NQPI CU KV WUWCNN[ FQGU 3P cY_ P\O[_OX^Vc \OMRK\QO K ZK\^SKVVc MRK\QON LK^^O\c S^ WKc XY^ MRK\QO P_VVc 6O^ ^RO LK^^O\c NS]MRK\QO MYWZVO^OVc ^ROX ^\c MRK\QSXQ S^ KQKSX -ROMU ^RO ZYaO\ YZ^SYX] _]SXQ ^RO ASXNYa]Z :YaO\ 7KXKQOWOX^ _^SVS^c 2K`O cY_ KNNON K NO`SMO ]_MR K] K :- -K\N Y\ WOWY\c WYN_VO ^RK^ ^KUO] S^] ZYaO\ P\YW ^RO LK^^O\c) 3] cY_\ ]YP^aK\O _]SXQ ^RO RK\N NS]U WY\O) 3] ^RO NS]ZVKc ZYaO\ ]O^ ^Y ^_\X YPP K_^YWK^SMKVVc) AK] ^RO LK^^O\c P_VVc MRK\QON ^Y LOQSX aS^R) +VV ^RO]O MYXNS^SYX] KPPOM^ RYa VYXQ ^RO MRK\QO VK]^] 0Y\ WY\O SXPY\WK^SYX YX WKbSWS]SXQ LK^^O\c ZYaO\ ]OO w-RK\QSXQ LK^^O\SO]x =K^OVVS^O =O\SO] " 3P =YWO^RSXQ 1YO] A\YXQ -G[DQCTF RTQDNGOU 3P aROX cY_ ^cZO ]^\KXQO ^RSXQ] RKZZOX Y\ XY^RSXQ RKZZOX] ^RO Z\YLVOW WKc LO \OVK^ON ^Y ^RO UOcLYK\N S^]OVP >RO UOcLYK\N Z\YN_MO] _XObZOM^ON MRK\KM^O\] + UOcZKN Y`O\VKc WKc LO YX 3P ^RO X_WO\SM UOcZKN Y\ M_\]Y\ MYX^\YV VSQR^ S] YX Z\O]] 0X KXN 0 ]SW_V^KXOY_]Vc ^Y ^_\X YPP ^RO M_\]Y\ MYX^\YV VSQR^ Y\ Z\O]] 0X KXN 0 ]SW_V^KXOY_]Vc ^Y ^_\X YPP ^RO X_WO\SM UOcZKN VSQR^ 3P ^RO Z\YLVOW YMM_\] aROX LY^R ^RO UOcZKN Y`O\VKc] K\O YPP WKUO ]_\O ^RO ]YP^aK\O cY_ K\O _]SXQ S] XY^ \OWKZZSXQ ^RO UOcLYK\N <OPO\ ^Y ^RO ]YP^aK\Ov] NYM_WOX^K^SYX KXN MROMU ^RK^ ^RO Z\YQ\KW NYO] XY^ K]]SQX NSPPO\OX^ WOKXSXQ] ^Y KXc YP ^RO UOc] CY_ RK`O MYXXOM^ON KX Ob^O\XKV UOcLYK\N KXN ^RO YZO\K^SXQ ]c]^OW NS]ZVKc] YXO Y\ WY\O UOcLYK\N O\\Y\ WO]]KQO] 3P cY_ RK`O K ]OMYXN UOcLYK\N ^\c S^ 3P S^ aY\U] ^RO PS\]^ UOcLYK\N WKc LO NOPOM^S`O Y\ SXMYWZK^SLVO aS^R cY_\ MYWZ_^O\ 8Y^RSXQ RKZZOX] aROX cY_ Z\O]] ^RO UOc] YX ^RO Ob^O\XKV UOcLYK\N >RO MYWZ_^O\ WKc XY^ \OMYQXS]O cY_\ ?=, UOcLYK\N <OWY`SXQ ^RO ?=, MKLVO KXN \OSX]O\^SXQ S^ SX^Y ^RO MYWZ_^O\ ]RY_VN WKUO ^RO MYWZ_^O\ \OMYQXS]O ^RO UOcLYK\N >RO UOcLYK\N VYMU] KXN ^RO MYWZ_^O\ aSVV XY^ \O]^K\^ 7KUO ]_\O ^RO ZYaO\ S] YX KXN \O]O^ cY_\ MYWZ_^O\ =K^OVVS^O =O\SO] # 3P =YWO^RSXQ 1YO] A\YXQ &KURNC[ RTQDNGOU 2O\O K\O ]YWO ^cZSMKV NS]ZVKc Z\YLVOW] KXN ^ROS\ ]YV_^SYX]$ 6JG FKURNC[ KU DNCPM . S]ZVKc +_^Y 9PP WKc RK`O QYXO SX^Y OPPOM^ :\O]] KXc UOc ^Y KM^S`K^O ^RO ]M\OOX CY_ WKc RK`O KM^S`K^ON ^RO SX]^KX^ ZK]]aY\N POK^_\O Lc Z\O]]SXQ 0X KXN 0 ]SW_V^KXOY_]Vc 3P cY_ RK`O \OQS]^O\ON K ZK]]aY\N Z\O]] /X^O\ ^cZO ^RO ZK]]aY\N KXN Z\O]] /X^O\ 3P XY ZK]]aY\N S] \OQS]^O\ON Z\O]] /X^O\ >RO ]M\OOX \OKM^S`K^O] KXN KVVYa] cY_ ^Y MYX^SX_O aY\USXQ 3P cY_ K\O _]SXQ ^RO L_SV^SX ]M\OOX WKUO ]_\O ^RO NS]ZVKc Z\SY\S^c S] XY^ ]O^ PY\ KX Ob^O\XKV WYXS^Y\ >Y NY ^RS] Z\O]] 0X KXN 0 ]SW_V^KXOY_]Vc YXMO 3P ^RS] NYO] XY^ MY\\OM^ ^RO Z\YLVOW Z\O]] 0X KXN 0 ]SW_V^KXOY_]Vc KQKSX ^Y \O^_\X ^RO NS]ZVKc Z\SY\S^c ^Y S^] Z\O`SY_] ]O^^SXQ 3P cY_ K\O _]SXQ KX Ob^O\XKV WYXS^Y\$ I -ROMU ^RK^ ^RO WYXS^Y\ S] ^_\XON YX I -ROMU ^RK^ ^RO WYXS^Y\v] ZYaO\ MKLVO S] PS\WVc ZV_QQON SX^Y K aY\USXQ ZYaO\ Y_^VO^ I -ROMU ^RK^ ^RO MKLVO MYXXOM^SXQ ^RO Ob^O\XKV WYXS^Y\ ^Y ^RO MYWZ_^O\ S] PS\WVc K^^KMRON I >\c KNT_]^SXQ ^RO MYX^\K]^ KXN L\SQR^XO]] MYX^\YV] YX ^RO Ob^O\XKV WYXS^Y\ I :\O]] 0X KXN 0 ]SW_V^KXOY_]Vc ^Y WKUO ]_\O ^RO NS]ZVKc Z\SY\S^c S] XY^ ]O^ PY\ ^RO L_SV^SX ]M\OOX >RO ]M\OOX NYO] XY^ VYYU \SQR^ CY_ MKX MRKXQO ^RO NS]ZVKc ]O^^SXQ] Lc MVSMUSXQ K LVKXU K\OK YP ^RO NO]U^YZ aS^R ^RO ]OMYXNK\c L_^^YX ^ROX MVSMUSXQ :\YZO\^SO] >RS] YZOX] ^RO . S]ZVKc :\YZO\^SO] NSKVYQ LYb >RO +ZZOK\KXMO ^KL YP ^RS] NSKVYQ LYb KVVYa] cY_ ^Y MRYY]O ^RO MYVY_\] PY\ ^RO ]M\OOX >RO =O^^SXQ] ^KL KVVYa] cY_ ^Y MRYY]O ^RO ]M\OOX \O]YV_^SYX >RO L_SV^SX ]M\OOX PVSMUO\] =YWO PVSMUO\SXQ S] K XY\WKV \O]_V^ YP ^RO aKc ^RO ]M\OOX Z\YN_MO] MYVY_\] >Y \ON_MO ^RO KWY_X^ YP PVSMUO\SXQ ^\c _]SXQ POaO\ MYVY_\] >Y MRKXQO ^RO X_WLO\ YP MYVY_\] NS]ZVKcON$ :YSX^ K^ ^RO NO]U^YZ KXN MVSMU aS^R ^RO ]OMYXNK\c L_^^YX -VSMU :\YZO\^SO] KXN ^ROX =O^^SXQ] -RKXQO ^RO -YVY_\] YZ^SYX KXN MVSMU 95 Z 0Y\ WY\O SXPY\WK^SYX ]OO ASXNYa] 2OVZ =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ # OGUUCIG VGNNU [QW VJCV VJGTG KU C RTQDNGO YKVJ [QWT FKURNC[ UGVVKPIU CPF VJCV VJG CFCRVQT V[RG KU KPEQTTGEV QT VJG EWTTGPV UGVVKPIU FQ PQV YQTM YKVJ [QWT JCTFYCTG <ON_MO ^RO ]SdO YP ^RO MYVY_\ ZKVO^^O ^Y YXO ^RK^ S] ]_ZZY\^ON Lc ^RO MYWZ_^O\v] SX^O\XKV NS]ZVKc >Y MRKXQO ^RO NS]ZVKc Z\YZO\^SO]$ :YSX^ K^ ^RO NO]U^YZ KXN MVSMU aS^R ^RO ]OMYXNK\c L_^^YX -VSMU :\YZO\^SO] KXN ^ROX =O^^SXQ] -RKXQO ^RO -YVY_\] YZ^SYX KXN MVSMU 95 6JG FKURNC[ OQFG KU UGV VQ 5KOWNVCPGQWU CPF VJG GZVGTPCN FKURNC[ FGXKEG FQGU PQV YQTM 7KUO ]_\O ^RO Ob^O\XKV WYXS^Y\ S] MKZKLVO YP NS]ZVKcSXQ K^ \O]YV_^SYX] YP " b Y\ RSQRO\ . O`SMO] ^RK^ NY XY^ ]_ZZY\^ ^RS] \O]YV_^SYX aSVV YXVc aY\U SX 3X^O\XKV/b^O\XKV WYNO &KUM FTKXG RTQDNGOU :\YLVOW] aS^R ^RO RK\N NS]U Y\ aS^R K NS]UO^^O N\S`O _]_KVVc ]RYa _Z K] KX SXKLSVS^c ^Y KMMO]] ^RO NS]U Y\ K] ]OM^Y\ O\\Y\] =YWO^SWO] K NS]U Z\YLVOW WKc MK_]O YXO Y\ WY\O PSVO] ^Y KZZOK\ ^Y RK`O QK\LKQO SX ^ROW >cZSMKV NS]U Z\YLVOW] K\O$ ;QW CTG JCXKPI VTQWDNG CEEGUUKPI C FKUM QT QPG QT OQTG HKNGU CRRGCT VQ DG OKUUKPI 7KUO ]_\O cY_ K\O SNOX^SPcSXQ ^RO N\S`O Lc S^] MY\\OM^ XKWO . $ Y\ -$ ;QWT JCTF FKUM UGGOU XGT[ UNQY 3P cY_ RK`O LOOX _]SXQ cY_\ MYWZ_^O\ PY\ ]YWO ^SWO cY_\ PSVO] WKc RK`O LOMYWO P\KQWOX^ON <_X . S]U . OP\KQWOX^O\ >Y NY ^RS] MVSMU =^K\^ ZYSX^ ^Y :\YQ\KW] +MMO]]Y\SO] =c]^OW >YYV] KXN MVSMU . S]U . OP\KQWOX^O\ ;QWT FCVC HKNGU CTG FCOCIGF QT EQTTWRVGF <OPO\ ^Y cY_\ ]YP^aK\O NYM_WOX^K^SYX PY\ PSVO \OMY`O\c Z\YMON_\O] 7KXc ]YP^aK\O ZKMUKQO] K_^YWK^SMKVVc M\OK^O LKMU_Z PSVO] CY_ WKc KV]Y LO KLVO ^Y \OMY`O\ VY]^ NK^K _]SXQ _^SVS^c ]YP^aK\O aRSMR S] K`KSVKLVO P\YW cY_\ NOKVO\ 5QOG RTQITCOU TWP EQTTGEVN[ DWV QVJGTU FQ PQV >RS] S] Z\YLKLVc K MYXPSQ_\K^SYX Z\YLVOW 3P K Z\YQ\KW NYO] XY^ \_X Z\YZO\Vc \OPO\ ^Y S^] NYM_WOX^K^SYX KXN MROMU ^RK^ ^RO RK\NaK\O MYXPSQ_\K^SYX WOO^] S^] XOON] =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ # FKUMGVVG YKNN PQV IQ KPVQ VJG FKUMGVVG FTKXG CY_ WKc KV\OKNc RK`O K NS]UO^^O SX ^RO N\S`O 7KUO ]_\O ^RO N\S`O S] OWZ^c CY_ WKc LO SX]O\^SXQ ^RO NS]UO^^O SXMY\\OM^Vc 2YVN ^RO NS]UO^^O aS^R ^RO R_L ]SNO PKMSXQ NYaX KXN SX]O\^ S^ ]Y ^RK^ ^RO WO^KV ROKN aSXNYa MY`O\ QYO] SX^Y ^RO N\S`O PS\]^ >RO WO^KV MY`O\ Y\ K VYY]O VKLOV WKc LO YL]^\_M^SXQ ^RO ZK^R SX^Y ^RO N\S`O -K\OP_VVc SX]ZOM^ ^RO NS]UO^^O 3P ^RO WO^KV MY`O\ S] VYY]O \OZVKMO ^RO NS]UO^^O 3P ^RO VKLOV S] VYY]O \OZVKMO ^RO VKLOV KXN ^\c SX]O\^SXQ ^RO NS]UO^^O KQKSX 6JG EQORWVGT FKURNC[U VJG 0QP U[UVGO FKUM QT FKUM GTTQT OGUUCIG 3P cY_ K\O ]^K\^SXQ ^RO MYWZ_^O\ P\YW ^RO RK\N NS]U WKUO ]_\O ^RO\O S] XY NS]UO^^O SX ^RO NS]UO^^O N\S`O 3P cY_ K\O ]^K\^SXQ ^RO MYWZ_^O\ P\YW K NS]UO^^O ^RO NS]UO^^O SX ^RO N\S`O NYO] XY^ RK`O ^RO PSVO] XOMO]]K\c ^Y ]^K\^ ^RO MYWZ_^O\ <OZVKMO S^ aS^R K LYY^KLVO NS]UO^^O >RO N\S`O MKXXY^ \OKN K NS]UO^^O >\c KXY^RO\ NS]UO^^O 3P cY_ MKX KMMO]] ^RO ]OMYXN NS]UO^^O ^RO PS\]^ NS]UO^^O XY^ ^RO N\S`O S] Z\YLKLVc MK_]SXQ ^RO Z\YLVOW %& 41/ QT &8& 41/ FTKXG RTQDNGOU ;QW ECPPQV CEEGUU C FKUE KP VJG FTKXG 7KUO ]_\O ^RO N\S`O ^\Kc RK] MVY]ON Z\YZO\Vc :\O]] QOX^Vc _X^SV S^ MVSMU] SX^Y ZVKMO 9ZOX ^RO N\S`O ^\Kc KXN \OWY`O ^RO NS]M 7KUO ]_\O ^RO N\S`O ^\Kc S] MVOKX +Xc NS\^ Y\ PY\OSQX YLTOM^ MKX SX^O\PO\O aS^R ^RO VK]O\ LOKW /bKWSXO ^RO NS]M ^Y ]OO aRO^RO\ S^ S] NS\^c 3P XOMO]]K\c aSZO S^ aS^R K MVOKX MVY^R NSZZON SX aK^O\ Y\ K XO_^\KV MVOKXO\ <OZVKMO ^RO NS]M SX ^RO ^\Kc 7KUO ]_\O S^ S] VcSXQ PVK^ VKLOV ]SNO _ZZO\WY]^ :\O]] ^RO NS]M NYaX _X^SV S^ VYMU] YX ^RO ]ZSXNVO -VY]O ^RO N\S`O ^\Kc MK\OP_VVc WKUSXQ ]_\O S^ RK] ]R_^ MYWZVO^OVc ;QW RTGUU VJG FKUE GLGEV DWVVQP DWV VJG FTKXG VTC[ FQGU PQV UNKFG QWV 7KUO ]_\O ^RO MYWZ_^O\ S] MYXXOM^ON ^Y K ZYaO\ ]Y_\MO KXN ^_\XON YX >RO . @. <97 N\S`O OTOM^ WOMRKXS]W \O[_S\O] ZYaO\ ^Y YZO\K^O >Y \OWY`O K NS]M aS^RY_^ ^_\XSXQ YX ^RO MYWZ_^O\ _]O K XK\\Ya YLTOM^ ]_MR K] K ]^\KSQR^OXON ZKZO\ MVSZ ^Y Z\O]] ^RO WKX_KV OTOM^ L_^^YX >RS] L_^^YX S] SX ^RO ]WKVV RYVO XOb^ ^Y ^RO NS]M OTOM^ L_^^YX YX ^RO \SQR^ ]SNO YP ^RO MYWZ_^O\ =K^OVVS^O =O\SO] 3P =YWO^RSXQ 1YO] A\YXQ 5QOG FKUEU TWP EQTTGEVN[ DWV QVJGTU FQ PQV 3P ^RO Z\YLVOW S] aS^R KX KZZVSMK^SYX -. <97 \OPO\ ^Y ^RO ]YP^aK\Ov] NYM_WOX^K^SYX KXN MROMU ^RK^ ^RO RK\NaK\O MYXPSQ_\K^SYX WOO^] ^RO Z\YQ\KWv] XOON] >RO MYVY_\ YP ^RO WK^O\SKV] _]ON ^Y WKUO ^RO NS]M MKX KPPOM^ S^] \OVSKLSVS^c =SV`O\MYVY_\ON -. <97] K\O ^RO WY]^ \OVSKLVO PYVVYaON Lc QYVN MYVY_\ON -. <97 1\OOXMYVY_\ON -. <97] K\O ^RO VOK]^ \OVSKLVO 9KP&8& RTQDNGOU )GPGTCN KUUWGU ASX. @. RK] LOOX MYXPSQ_\ON ^Y Z\Y`SNO YZ^SW_W ZO\PY\WKXMO KXN [_KVS^c LK]ON _ZYX cY_\ ]c]^OWv] K`KSVKLVO \O]Y_\MO] -RKXQO] WKNO ^Y ^RO ]c]^OW Y\ S^] MYXPSQ_\K^SYX WKc SWZKM^ ^RO ZVKcLKMU ZO\PY\WKXMO YP ^RO ASX. @. ZVKcO\ 9KP&8& EQPVTQNU CTG FKUCDNGF -YX^\YV] WKc LO Q\OcON Y_^ Lc MYWWKXN] YX ^RO . @. WY`SO ^S^VO] ^Y NS]KLVO PK]^PY\aK\N KXN \OaSXN N_\SXQ ^RO VOQKV XY^SMO] K^ ^RO LOQSXXSXQ YP K WY`SO 2NC[DCEM RGTHQTOCPEG KU RQQT >RO _]O YP . 7+ N\KWK^SMKVVc SXM\OK]O] ^RO . @. 0Kb$ !"#!"# R^^Z$aaa^Y]RSLK]O 7Y\YMMY 8O^RO\VKXN] 8Y\aKc =K^OVVS^O =O\SO] - >RO >Y]RSLK 3X^O\XK^SYXKV AK\\KX^c 9WKX =_V^KXK^O YP 9WKX :YVKXN =_RKSV=K_N , KRaKX ==, =K\MY , _SVNSXQ 1\Y_XN 0VYY\ 8Y # AKc 8Y +V 8YY\ =^\OO^ <_aS 7_]MK^ +- =O\aS] =Z D Y Y _V :K\^cdKX^a !, _MRK\O]^ +- =/<=9 =Y`O^]UYS +\WSS ]^ !" 7Y]MYa +\KLSKX , _]SXO]] 7KMRSXO] -Y . K\OOX -OX^O\ +R]KK <YKN :9 , Yb <ScKNR 2>- K] . YL\Y`SMY`K "% "# , \K^S]VK`K 3XOK NYY 6T_LVTKX]UK " . YWdKVO =SV^OU . S]^\SL_^SYX . cXKWSM] =. . <KXNTO]ZK\U 2KVPaKc 2Y_]O " 7SN\KXN >Y]RSLK 3XPY\WK^SYX =c]^OW] /]ZKK =+ :K\[_O /WZ\O]K\SKV =KX 0O\XKXNY /NSPSMSY /_\YZK K :VKX^K /]MKVO\K + "" 7KN\SN =KX 0O\XKXNY NO 2OXK\O] =M\SLYXK >Y]RSLK :- +, =_XNLcLO\Q]`QOX , Yb !0Kb$ # "!# # R^^Z$aaa]]LMNMYMYW >OV$ " " 0Kb$ " "# R^^Z$aaaKM]O\aS]MYWZV >OV$ # 0Kb$ !!" :Y\^_QKV <YWKXSK <_]]SK =K_NS +\KLSK =VY`KUSK >OV$ # 0Kb$ # R^^Z$aaaR^M]U >OV$ " !" 0Kb$ " ! R^^Z$aaa^Y]RSLK]O >OV$ """ 0Kb$ #" " R^^Z$aaa^Y]RSLKMR =VY`OXSK =Y_^R +P\SMK =ZKSX =aONOX =aS^dO\VKXN =K^OVVS^O =O\SO] - >RO >Y]RSLK 3X^O\XK^SYXKV AK\\KX^c >_\UOc , OUYW , SVQS]KcK\ /VOU\YXSU 5YW_XSUK]cYX , _c_UNO\O -KN 6KSO 3]RKXS 8Y 5 7OMSNScOUc 3]^KXL_V . 5>=/<=9 6O]cK ?U\KSXUK LV` 5SO` +V0_^^KSW /VOM^\YXSM] :9 , Yb , SX 2KW , _SVNSXQ 7OddKXSXO 0VYY\ +NTKMOX^ ^Y , _\4_WKX . _LKS >Y]RSLK 3XPY\WK^SYX =c]^OW] ?5 6^N >Y]RSLK -Y_\^ AOcL\SNQO , _]SXO]] :K\U +NNVO]^YXO <YKN AOcL\SNQO 5> ?6 >OV$ # !R^^Z$^Y]RSLK^\MYW >OV$ "!# ! ?U\KSXO ?XS^ON +\KL /WS\K^O] >OV$ #! R^^Z$aaa^Y]RSLK_KOMYW >OV$ #"""" 0Kb$ #"#" R^^Z$aaa^Y]RSLKMY_U >OV$ ##" 0Kb$ ##" R^^Z$aaa^Y]RSLKMYW >OV$ " 0Kb$ " R^^Z$aaaMYW^\KNOMYc_ ?XS^ON 5SXQNYW ?XS^ON =^K^O] >Y]RSLK +WO\SMK 3XPY\WK^SYX =c]^OW] 3XM #!, OYQ\KNO 9\ PY\ KVV MY_X^\SO] XY^ VS]^ON ZVOK]O MKVV ^RO >Y]RSLK 3X^O\XK^SYXKV =O\`SMO 6SXO$ Y\ /WKSV$ ^Y]RSLKaK\\KX^c*_XX_XS]c]MYW >OV$ 6QUJKDC CFFTGUUGU HQT VJG +PVGTPGV9QTNF 9KFG 9GD >Y]RSLK /_\YZO R^^Z$aaa^Y]RSLKO_\YZOMYW >Y]RSLK +WO\SMK R^^Z$aaa^Y]RSLKMYW >Y]RSLK 4KZKX R^^Z$aaa^Y]RSLKMYTZ >Y]RSLK -KXKNK R^^Z$aaa^Y]RSLKMK =K^OVVS^O =O\SO] - 5OcLYK\N 6KcY_^] 5CVGNNKVG 5GTKGU #RRGPFKZ & -G[DQCTF . C[QWVU +\KLSM , OVQSKX 7UGThU /CPWCN =K^OVVS^O =O\SO] & . 5OcLYK\N 6KcY_^] . KXS]R 0\OXMR 1O\WKX =K^OVVS^O =O\SO] . 5OcLYK\N 6KcY_^] 1\OOU 2OL\Oa 3^KVSKX =K^OVVS^O =O\SO] . 5OcLYK\N 6KcY_^] 8Y\aOQSKX :YVS]R :Y\^_Q_O]O =K^OVVS^O =O\SO] . 5OcLYK\N 6KcY_^] <_]]SKX =ZKXS]R =aONS]R =K^OVVS^O =O\SO] . 5OcLYK\N 6KcY_^] =aS]]1O\WKX >_\US]R ?5 /XQVS]R =K^OVVS^O =O\SO] . 5OcLYK\N 6KcY_^] ?= /XQVS]R =K^OVVS^O =O\SO] . ! 3P cY_\ MYWZ_^O\ S] ]^YVOX 5CVGNNKVG 5GTKGU #RRGPFKZ ' +H [QWT EQORWVGT KU UVQNGP +VaKc] ^KUO MK\O YP cY_\ MYWZ_^O\ KXN ^\c ^Y Z\O`OX^ S^ P\YW LOSXQ ]^YVOX CY_ K\O ^RO YaXO\ YP K `KV_KLVO ^OMRXSMKV NO`SMO aRSMR WKc LO RSQRVc K^^\KM^S`O ^Y ^RSO`O] ]Y ZVOK]O NY XY^ VOK`O S^ _XK^^OXNON SX K Z_LVSM ZVKMO >Y P_\^RO\ ROVZ Z\Y^OM^ KQKSX]^ ^ROP^ ]OM_\S^c MKLVO] MKX LO LY_QR^ PY\ _]O aS^R cY_\ XY^OLYYU aROX S^ S] LOSXQ _]ON K^ RYWO Y\ SX ^RO YPPSMO 7KUO K XY^O YP cY_\ MYWZ_^O\v] WKMRSXO ^cZO WYNOV X_WLO\ KXN ]O\SKV X_WLO\ KXN Z_^ S^ SX K ]KPO ZVKMO CY_ aSVV PSXN ^RS] SXPY\WK^SYX YX ^RO _XNO\]SNO YP cY_\ XY^OLYYU :VOK]O KV]Y UOOZ ^RO \OMOSZ^ YP ^RO MYWZ_^O\ cY_ Z_\MRK]ON =RY_VN cY_\ MYWZ_^O\ LO ]^YVOX RYaO`O\ aOvVV ROVZ cY_ ^\c ^Y PSXN S^ , OPY\O MYX^KM^SXQ >Y]RSLK ZVOK]O Z\OZK\O ^RO PYVVYaSXQ SXPY\WK^SYX aRSMR S] XOMO]]K\c ^Y _XS[_OVc SNOX^SPc cY_\ MYWZ_^O\$ I 3X aRSMR MY_X^\c aK] cY_\ MYWZ_^O\ ]^YVOX) I ARK^ ^cZO YP WKMRSXO NY cY_ RK`O) I ARK^ aK] ^RO WYNOV X_WLO\ :+ X_WLO\) I ARK^ aK] ^RO ]O\SKV X_WLO\ " NSQS^]) I AROX aK] S^ ]^YVOX SO NK^O) I ARK^ aK] ^RO aK\\KX^c ]OKV X_WLO\ SP K`KSVKLVO) I ARK^ S] cY_\ KNN\O]] ZRYXO KXN PKb X_WLO\) >Y \OQS]^O\ ^RO ^ROP^ ZVOK]O PYVVYa ^RO]O Z\YMON_\O]$ I 0SVV SX ^RO >Y]RSLK >ROP^ <OQS]^\K^SYX PY\W Y\ K MYZc YP S^ LOVYa I +^^KMR K MYZc YP cY_\ \OMOSZ^ ]RYaSXQ aRO\O cY_\ MYWZ_^O\ aK] Z_\MRK]ON I /S^RO\ PKb Y\ ]OXN ^RO \OMOSZ^ KXN \OQS]^\K^SYX PY\W ^Y ^RO KNN\O]] LOVYa CY_\ \OQS]^\K^SYX aSVV LO OX^O\ON SX K NK^KLK]O aRSMR S] _]ON ^Y ^\KMU >Y]RSLK MYWZ_^O\] K^ Y_\ ]O\`SMO ZYSX^] K\Y_XN /_\YZO 7UGThU /CPWCN =K^OVVS^O =O\SO] ' / 3P cY_\ MYWZ_^O\ S] ]^YVOX 6QUJKDC 6JGHV 4GIKUVTCVKQP =OXN ^Y$ >Y]RSLK /_\YZO 1WL2 >OMRXSMKV =O\`SMO KXN =_ZZY\^ 6OSLXSd]^\ # <OQOX]L_\Q 1O\WKXc # # !"!# 0Kb X_WLO\$ -Y_X^\c ]^YVOX$ 7KMRSXO ^cZO$ OQ =K^OVVS^O 7YNOV X_WLO\$ OQ :+"/ CB> =O\SKV X_WLO\$ OQ !/ . K^O ]^YVOX$ AK\\KX^c ]OKV$ OQ #" # 9aXO\v] NO^KSV] 8KWO$ -YWZKXc$ =^\OO^$ :Y]^KV -YNO-S^c$ -Y_X^\c$ :RYXO$ 0Kb$ =K^OVVS^O =O\SO] / 1VY]]K\c 5CVGNNKVG 5GTKGU )NQUUCT[ =YWO POK^_\O] NOPSXON SX ^RS] QVY]]K\c WKc XY^ LO K`KSVKLVO YX cY_\ MYWZ_^O\ 6GTOU >RO PYVVYaSXQ ^O\W] WKc KZZOK\ SX ^RS] _]O\v] Q_SNO # KM^S`OWK^\Sb NS]ZVKc { + VS[_SN M\c]^KV NS]ZVKc 6-. [. . . ] -YWPY\^ VSQR^SXQ aY\U RKLS^] -YWWKXN] 2SLO\XK^SYX ZYaO\SXQ NYaX =R_^ NYaX =^KXNLc -YWW_XSMK^SYX] Z\YQ\KW] ]O^^SXQ _Z `SK WYNOW MYWZ_^O\ ZVKMOWOX^ $ , K^^O\c KVK\W] MRKXQSXQ MRK\QSXQ MYX]O\`SXQ ZYaO\ MY`O\ NS]ZY]KV SX]^KVVSXQ VSQR^ \OVOK]O VK^MR \OWKSXSXQ ZYaO\ \OWY`SXQ <>- \OKV^SWO MVYMU ]KPO^c Z\OMK_^SYX] L_^^YX] >Y_MR ZKN , _^^YX] -. :VKcO\ 7UGThU /CPWCN =K^OVVS^O =O\SO] 3XNOb -YWZ_^O\ MVOKXSXQ VYMU WY`SXQ Z\Y^OM^SYX \_XXSXQ YX LK^^O\c ZYaO\ ]O^^SXQ _Z ^\KX]PO\\SXQ SXPY\WK^SYX ^_\XSXQ YX aY\U K\OK -YWZ_^SXQ ^SZ] -YXXOM^SXQ Ob^O\XKV WYXS^Y\ Ob^O\XKV ]ZOKUO\] ROKNZRYXO] WYNOW WY_]O !ZYaO\ MKLVO # Z\SX^O\ " -YX]O\`SXQ LK^^O\c ZYaO\ -YX^KM^SXQ >Y]RSLK # -_]^YWS]SXQ ^K]ULK\ aSXNYa ^YYVLK\] ' /W_VK^SXQ K P_VV]SdO UOcLYK\N /XO\Qc ]K`SXQ POK^_\O] /XO\Qc =^K\ :\YQ\KW OX`S\YXWOX^KV MYX]SNO\K^SYX] /X`S\YXWOX^KV MYX]SNO\K^SYX] /\QYXYWSM] VSQR^SXQ ZY]^_\O aY\U RKLS^] /\\Y\ WO]]KQO] NO`SMO N\S`O\ MYXPVSM^ QOXO\KV RK\NaK\O Z\YLVOW /bZKX]SYX WOWY\c ]VY^ MY`O\ Ob^O\XKV WSM\YZRYXO MYXXOM^SXQ /b^O\XKV WYXS^Y\ MYXXOM^SXQ /b^O\XKV ]ZOKUO\] ( PSVO] LKMUSXQ _Z !Z\SX^SXQ ]K`SXQ ^\KX]PO\\SXQ 0X UOc 0_XM^SYX UOc] & . -38 TKMU # NO]U^YZ L\Ya]SXQ ]^cVO . O`SMO 7KXKQO\ NS]KLVSXQ K NO`SMO NS]KLVSXQ K NO`SMO . SQS^KV =_L]M\SLO\ 6SXO] . =6 . S]UO^^O N\S`O NS]UO^^O] MYZcSXQ PSVO] ^Y ! [. . . ]

DISCLAIMER TO DOWNLOAD THE USER GUIDE TOSHIBA SATELLITE P200 (PSPBG)




Click on "Download the user Manual" at the end of this Contract if you accept its terms, the downloading of the manual TOSHIBA SATELLITE P200 (PSPBG) will begin.

 

Copyright © 2015 - manualRetreiver - All Rights Reserved.
Designated trademarks and brands are the property of their respective owners.