The Message of the Cross as Body Language
383
• • •
description
Christological Reflections on the Cross
Transcript of The Message of the Cross as Body Language
!"#$%#&&'(#$)*$+"#$,-)&&$'&$./)01$2'3(4'(#.$
53$6'478&$,)-93+"9'3$6)7#:9;&<$
=3$53>#-&9)3$)*$+"#$?-#;)@A):'3$B);9'7$C+")&$
!"#$;)D1-9("+$ )*$ +"9&$+"#&9&$-#&+&$E9+"$ +"#$
'4+")-$ )-$ +"#$ 439>#-&9+1$ +)$ E"9;"$ 9+$ E'&$
&4F:9++#0G$ H)$ I4)+'+9)3$ *-):$ 9+J$ )-$
93*)-:'+9)3$ 0#-9>#0$ *-):$ 9+$ :'1$ F#$
D4F79&"#0$ E9+")4+$ +"#$ D-9)-$ E-9++#3$
;)3+$ )*$ +"#$ '4+")-$ )-$ 439>#-&9+1J$ '30$
'31$93*)-:'+9)3$0#-9>#0$ *-):$9+$&")470$F#$
';K3)E7#0(#0G$
B4F:9++#0$*)-$+"#$L#(-##$)*$L);+)-$)*$6"97)&)D"1$
L#D'-+:#3+$)*$!"#)7)(1$'30$A#79(9)3$
L4-"':$M39>#-&9+1$
NOOP$
BQ5$R#3Q4'$
@$ N$ =6A$ NOOS$
=/B!A=,!$
!"#$ %&'()*"(+)$ ,&''#-.&)/#),#$ '#0#+1-$ *"+*$ *"#$ +.&-*1#$ 2+31$ 4+-$ /##.15$ #)6+6#/$ ()$
.&1#7(,-$4(*"$"(-$&..&)#)*-$ +)/$,'(*(,-$()$%&'()*"8$4"&$93#-*(&)#/$"(-!"#$%&! #'()*+$,$ +)/$
,"+11#)6#/$ "(-$ +.&-*&1(,$ +3*"&'(*5:$ 2+31;-$ '#-.&)-#8$ 4"(,"$ 4+-$ <&*"$ ('&)(,+1$ +)/$
.+'+/&=(,+18$4+-$ <+-#/$ &)$"(-$ &4)$3)/#'-*+)/()6$ &>$*"#$,'&--$&>$%"'(-*8$()$4"(,"! $,-,+(!
'#.()$ 4+-$/#7&)-*'+*#/$ *"'&36"$+..+'#)*! /%"*+! .(*0+(&&1$ !"(-$*"#-(-$ +**#7.*-$ *&$-"&4$
*"+*$2+31;-$'#-.&)-#8$4"(,"$()0&10#/$7+)5$?()/-$&>$@<&/5$1+)63+6#@8$4+-$)&*"()6$1#--$*"+)$
+$ /'+-*(,$ ()0#'-(&)$ &>$ *"#$ -&,(+1$ #*"&-$ &>$ "(-$ *(7#:$ A)1(?#$ "(-$ %&'()*"(+)$,'(*(,-$ 4"&$
+..+'#)*15$ >&11&4#/$*"#$ ,3''#)*$B'#,&CD&7+)$ #*"&-8$ 2+31$4+-$ &.#'+*()6$&)$+$4&'1/$ 0(#4$
4"(,"$ 4+-$ /(+7#*'(,+115$&..&-#/$ *&$ (*:$!"(-$ *"#-(-$ ,&)-(-*-$ &>$ *"'##$ 2+'*-:$ 2+'*$ E$ (-$&)$
,'3,(>(=(&)$()$+)*(93(*58$4"(,"$4+-$ +$7&-*$.&4#'>31$@<&/5$1+)63+6#@8$ ,&7.+'#/$ 4(*"$ *"#$
+),(#)*$(/#+$&>$@)&<1#$/#+*"@$()$<&*"$B'#,&CD&7+)$+)/$F+,,+<#+)$ *'+/(*(&)-8$+,,&'/()6$*&$
4"(,"$ *"#$,'3,(>(=(&)$&>$G#-3-$,&31/$&)15$<#$+$7&-*$0(0(/$+)/$*#''(>5()6$-57<&1$&>$#=*'#7#$
"37+)$ -3>>#'()68$4#+?)#--8$ /#6'+/+*(&)$ +)/$ -"+7#:$ 2+'*$ E E$(-$ /#0&*#/$ *&$ *"#$ -*3/5$&>$
B'#,&CD&7+)$'"#*&'(,8$4(*"$ -.#,(+1$#7."+-(-$ &)$*"#$&'+*&';-$ /#1(0#'5$+-$ @<&/5$ 1+)63+6#@:$
2+31;-$ ()*#)*(&)$*&$ ()0#'*$ *"#$ ,3''#)*$ -&,(+1$#*"&-$ 4+-$ +6+()$ ,1#+'$ 4"#)$ "#$/#1(<#'+*#15$
,"&-#$@*&$.'&,1+(7$*"#$6&-.#1:::)&*$4(*"$#1&93#)*$4(-/&7@$HI$%&':$I:IJK8$+)/$*"+*$"#$,+7#$
*&$%&'()*"$@()$4#+?)#--$+)/$()$>#+'$+)/$()$73,"$*'#7<1()6@$ HL:MK:$2+'*$ E E E$ (-$+$-*3/5$&>$*"#$
'(),&2*&,&$ ,+*+1&63#$ H&'$*"#$ 1(-*$ &>$*'(<31+*(&)-K8$#-.#,(+115$ (*-$.&-(*(0#$3-#$ <5$."(1&-&."#'-$
+)/$7&'+1$*#+,"#'-$ ()$*"#$B'#,&CD&7+)$ *'+/(*(&)8$ *&$ /#7&)-*'+*#$ 7+)15$0('*3#-$ -3,"$ +-$
,&3'+6#$+)/$#)/3'+),#:$N&4#0#'8$*"(-$4+-$&)15$&)#$-(/#$&>$*"#$,&():$@!"#$&*"#'$-(/#$&>$*"#$
,&()@$ -"&4#/$ *"+*$ *"#! '(),&2*&,&$ ,+*+1&63#8$ #-.#,(+115$ *"'&36"$ *"#$ @<&/5$ 1+)63+6#@$ (*$
,&)*+()#/8$,&31/$+1-&$-(6)(>5$-"+7#8$"37(1(+*(&)8$+)/$"37+)$/#6'+/+*(&)$'+*"#'$*"+)$7+)15$
0('*3#-:$!"#$*"#-(-$ *+?#-$*"#$0(#4$*"+*$(*$4+-$*"(-$)#6+*(0#$-(/#$*"+*$2+31$"+/$()$7()/$4"#)$
"#$ .'&0(/#/$ 1(-*-$ &>$ "(-$ &4)$ -3>>#'()6:$ E)$ *"#$ #)/8$ *"#$ ,'3,(>(=(&)$ &>$ %"'(-*8$ 2+31;-$
3),&)0#)*(&)+1$7+))#'$&>$.'&,1+7+*(&)$+)/$"(-$0(#4$&)!'(),&2*&,&3$ +11$,&7<()#/$*&$*3')$*"#$
,3''#)*$B'#,&CD&7+)$ -&,(+1$#*"&-$3.C-(/#C/&4):$O)/$@<&/5$ 1+)63+6#@$ "+-$ .'&0(/#/$*"#$
0(*+1$ 1()?$<#*4##)$*"#$*"'##P$,'3,(>(=(&)8$'"#*&'(,$+)/! '(),&2*&,&1!
99$
LC,2=A=!5TH$ =HL$ ,T6UA5?Q!$
E$ /#,1+'#$*"+*$*"(-$*"#-(-$#7<&/(#-$ *"#$'#-31*-$&>$75$&4)$4&'?8$*"+*$(*$"+-$<##)$
,&7.&-#/$ <5$7#$+)/$*"+*$(*$/&#-$)&*$(),13/#$4&'?$*"+*$"+-$<##)$.'#-#)*#/$>&'$+$/#6'##$
()$*"(-$&'$+)5$&*"#'$3)(0#'-(*5:$O11$93&*+*(&)-$+)/$*"#$4&'?$+)/$&.()(&)-$&>$&*"#'-$"+0#$
<##)$+,?)&41#/6#/$ ()$*"#$7+()$*#=*$&'$>&&*)&*#-:$
Q(6)#/P$ R+*#P$
!"#$,&.5'(6"*$&>$*"(-$*"#-(-$'#-*-$4(*"$*"#$+3*"&':$S&$93&*+*(&)$>'&7$(*$-"&31/$<#$
.3<1(-"#/$()$+)5$>&'7+*8$(),13/()6$#1#,*'&)(,$+)/$*"#$E)*#')#*8$4(*"&3*$*"#$+3*"&';-$.'(&'$
4'(**#)$,&)-#)*:$O11$()>&'7+*(&)$/#'(0#/$>'&7$*"(-$*"#-(-$73-*$<#$+,?)&41#/6#/$
+..'&.'(+*#15:$
=,VHTR2CL?C%CH!B$
O-$ (-$ *"#$,+-#$4(*"$ +)5$ -3,,#-->31$4&'?8$ *"#$.'#-#)*$ *"#-(-$ '#.'#-#)*-$ )&*$ &)15$ 5#+'-$&>$
/#/(,+*(&)8$<3*$+1-&$*"#$-3..&'*$+)/$>'(#)/-"(.$&>$7+)5:$O1*"&36"$)37#'&3-$.#&.1#$,&31/$
<#$ +,?)&41#/6#/8$E$ 4&31/$ 1(?#$ *&$"(6"1(6"*$ *"&-#$ 4"&$"+0#$ .1+5#/$*"#$7&-*$-(6)(>(,+)*$
'&1#-$()$"#1.()6$7#$<'()6$*"(-$4&'?$*&$,&7.1#*(&):$
O-$ +$ %"()#-#$ -*3/#)*$ E$ >##1$ .+'*(,31+'15$ .'(0(1#6#/$ *&$ <#$ +$ .&-*6'+/3+*#$ -*3/#)*$ +*$ *"#$
R#.+'*7#)*$&>$!"#&1&65$+)/$D#1(6(&)8$A)(0#'-(*5$&>$R3'"+78$4"(,"$ (-$-&$4#11C?)&4)$>&'$
(*-$ &3*-*+)/()6$S#4$!#-*+7#)*$ -,"&1+'-"(.:$E$+7$7&-*$6'+*#>31$*&$75$/&,*&'+1$-3.#'0(-&'8$
2'&>#--&'$G&")$T+',1+58$>&'$"(-$()0+13+<1#$63(/+),#$ ()$*"#$ 1+-*$ >&3'$5#+'-:$N#$"+-$ <##)$+$
,&)-*+)*$-&3',#$&>$-3..&'*$+)/$()-.('+*(&):$E$4&31/$,#'*+()15$)&*$"+0#$+''(0#/$+*$*"(-$.&()*$()$
75$.'&>#--(&)+1$,+'##'$4(*"&3*$"(-$#=.#'*(-#:$2'&>#--&'$T+',1+5$(-$)&*$&)15$*"#$,&)-377+*#$
U)61(-"$ 6#)*1#7+)8$ <3*$ +1-&$ +$ -,"&1+'15$#=+7.1#8$ +$7+)$ &>$ 6'+,(&3-)#--$ +)/$ .+*(#),#:$
V"#)$ (*$ ,&7#-$ *&$ -3.#'0(-()6$ ()*#')+*(&)+1$ -*3/#)*-8$ *"(-$ 1+**#'$ .&()*$ (-$ #-.#,(+115$
/#7&)-*'+*#/$()$"(-$,+'#>31$,&77#)*+'5$)&*$&)15$&)$75$(/#+-8$<3*$+1-&$&)$75$U)61(-"$-*51#$
+)/$ 6'+77+':$E*$(-$ 4(*"$ 6&&/$'#+-&)$ *"+*$2'&>#--&'$T+',1+5$"+-$ #+')#/$ +$'#.3*+*(&)$+-$+)$
&3*-*+)/()6$-3.#'0(-&'8$#-.#,(+115$&>$()*#')+*(&)+1$-*3/#)*-:$
!"#$ .'#-#)*$ -*3/5$ "+/$ (*-$ <#6())()6-$ /3'()6$ 75$ F:O:$ /#6'##$3)/#'$ *"#$ -3.#'0(-(&)$&>$
2'&>#--&'$G+7#-$R3)):$F5$()*#'#-*$()$2+31()#$-*3/(#-$ *'315$-*+'*#/$3)/#'$"(-$/('#,*(&)$+)/$E$
4(11$ +14+5-$<#$()/#<*#/$*&$"(7$>&'$*"(-:$W'(6()+1158$ *"#$*&.(,$&>$75$F:O:$ /(--#'*+*(&)$4+-$
*"#$.'#-#)*$ *"#-(-X$"&4#0#'8$2'&>#--&'$R3))$'#,&6)(-#/$*"+*$(*$4&31/$7&'#$+..'&.'(+*#15$<#$
+$-3<Y#,*$>&'$+$/&,*&'+1$*"#-(-:$E)$+//(*(&)$*&$2'&>#--&'$R3))8$(*$4+-$+*$*"(-$*(7#$*"+*$E$+1-&$
'#,#(0#/$ *"#$#),&3'+6#7#)*$ +)/$ -3..&'*$ &>$R':$%+'&1$N+''(-&)8$R':$Q*#."#)$ T+'*&)8$ R':$
Q*#0#)$ %'&>*8$+)/$R':$%"1&#$Q*+'':$V(*"&3*$ *"#7$75$-*3/(#-$ ()$R3'"+7$4&31/$ )&*$"+0#$
<##)$+-$.1#+-+)*$ +-$ *"#5$"+0#$<##):$!"#$>'(#)/15$#)0('&)7#)*$&>$<&*"$-*+>>$+)/$-*3/#)*-$+*$
*"#$R#.+'*7#)*$&>$!"#&1&65$+)/$D#1(6(&)$"+-$7+/#$75$5#+'-$&>$-*3/5$"#'#$7&-*$#)Y&5+<1#:$
V(*"&3*$*"#$-,"&1+'-"(.-$.'&0(/#/$<5$*"#$A)(*#/$T(<1#$Q&,(#*(#-8$)#(*"#'$75$-*3/(#-$+*$
9>$
!'()(*5$!"#&1&6(,+1$%&11#6#8$Q()6+.&'#$)&'$R3'"+7$A)(0#'-(*5$4&31/$"+0#$<##)$.&--(<1#:$E$
,+))&*$#=.'#--$*"#$/#.*"$&>$75$6'+*(*3/#$*&$*"&-#$4"&$"+0#$7+/#$75$-*3/(#-$ +)/$ '#-#+',"$
>()+),(+115$.&--(<1#:$ E)$*"#$ ,&3'-#$ &>$.'#0(&3-$ 6'+/3+*#$ 4&'?$ +*$ !!%8$<#>&'#$ ,&7()6$*&$
R3'"+78$75$/#-('#$ *&$>&11&4$+)$+,+/#7(,$ .+*"$>('-*$<#6+):$ Q(),#$*"#)$E$"+0#$'#,#(0#/$*"#$
0#'5$6#)#'&3-$-3..&'*$&>$ATQ:$E)$*"(-$'#6+'/$+1-&8$*"#$#>>&'*-$&>$F':$ZAO$V##$Q#)6$7#'(*$
.+'*(,31+'$7#)*(&):$N(-$>#11&4-"(.$+)/$,&)-*+)*$ -3..&'*$"+0#$<##)$ +$6'#+*$ <1#--()6$*&$7#:$
!"#$ %"()+$ %"'(-*(+)$%&3),(1$ "+-$ +1-&$ 6#)#'&3-15$ #)/&'-#/$ 75$ #)/#+0&3'-8$ E$ +7$7&-*$
6'+*#>31:$E*$(-$75$"&.#$*"+*$75$-*3/(#-$4(11$ <#$+$-&3',#$&>$-3..&'*$>&'$*"#$%%%$+)/$%"'(-*(+)$
#/3,+*(&)$()$%"()+:$
Q#0#'+1$ >'(#)/-$,+))&*$6&$4(*"&3*$'#,&6)(*(&):$Q*#0#)$ +)/$%"1&#$4+'715$4#1,&7#/$7#$+*$
%'+)7#'$ N+118$ Q*:$ G&");-$ %&11#6#$ +)/$ "#1.#/$ 7#$ -#**1#/$ ()*&$ *"(-$ 1&0#15$ %"'(-*(+)$
,&773)(*5:$ !"#$>'(#)/-"(.-$&>$%+'&15)$ +)/$R#'#?$D&,"#-*#'$ ,+)$&)15$ <#$/#-,'(<#/$ 4(*"$
*"#$4&'/-$@-#1>1#--$ 1&0#$+)/$,+'#:@$!"#5$'#,#(0#/$7#$()*&$*"#('$"&7#$+-$+$>+7(15$7#7<#'$
4"#'#$E$1#+')*$&>$*"#('$/#0&*(&)$+)/$.+--(&)$ >&'$*"#$%"()#-#$ ,&773)(*5$()$R3'"+7:$W*"#'$
>'(#)/-$4"&$7#'(*$7#)*(&)$+'#$ G&$V#-*$ +)/$ D(*+$ %"+)8$4"&-#$ 4&)/#'>31$>'(#)/-"(.$"+-$
7#+)*$+$1&*$*&$7#$+1&)6$4(*"$7+)5$&*"#'$7#7<#'-$ >'&7$*"#$T(<1#$Q*3/5$+*$*"#$"&7#$&>$R':$
[WSB$ \&)69(+)6$+)/$ G#))5$ ()$R3'"+7:$]()+1158$ *"#$ 7+)5$ >'(#)/-"(.-$/#0#1&.#/$ 4(*"$
>#11&4$.&-*C6'+/3+*#$ -*3/#)*-$ +*$*"#$R#.+'*7#)*$&>$!"#&1&65$+)/$D#1(6(&)$"+0#$<##)$0#'5$
7#+)()6>31$+)/$(*$(-$4(*"$73,"$+>>#,*(&)$*"+*$E$'#7#7<#'$*"#7$"#'#:$
E$ 4&31/$ 1(?#$*&$#=.'#--$/##.#-*$1&0#$+)/$*"+)?>31)#--$*&$75$>+7(15:$U0#)$>'&7$+-$>+'$+4+5$
+-$%"()+8$*"#5$"+0#$ <##)$ +$,&)-*+)*$ -&3',#$ &>$-3..&'*8$<&*"$*"'&36"$*"#('$+,*-$&>$>+(*">31$
.'+5#'-$ +)/$ ,#+-#1#--$?()/)#--:$!"#5$"+0#$ +,,&7.+)(#/$ 7#$ *"'&36"$*"(-$.'&,#--8$ 4"(,"$
7#+)-$7&'#$*&$7#$*"+)$E$,&31/$#0#'$ #=.'#--:$
O<&0#$+11$#1-#8$ E$4&31/$ 1(?#$ *&$6(0#$61&'5$ *&$B&/$>&'$N(-$>+(*">31)#--:$F+5$*"(-$ '#-#+',"$
,&)*'(<3*#$*&$+$<#**#'$3)/#'-*+)/()6$&>$N(-$4&'/$*&$3-:$
R3'"+78$Q377#'$L^^J$ QNE$V#)$N3+$
!"
!=/2C$TW$ ,TH!CH!B$
=/B!A=,!$ 99$
LC,2=A=!5TH$=HL$,T6UA5?Q!$ 999$
=,VHTR2CL?C%CH!B$ 9>$
!=/2C$TW$,TH!CH!B$ >9$
=//ACX5=!5THB$ Y$
5H!ATLM,!5TH$ Z$
6=A!$ 5<$,AM,5W5[5TH$5H$=H!5\M5!U$ =HL$HT/2C$ LC=!Q$
,Q=6!CA$THC<$,AM,5W5[5TH$5H$=H!5\M5!U$ N]$
I:I$E)*'&/3,*(&)$ LM$
I:L$%'3,(>(=(&)$()$+)*(93(*5P$O$6#)#'+1$ -3'0#5$ L_$
I:M$%'3,(>(=(&)$+)/$D&7+)$1+4$#)>&',#7#)*$ L`$
I:_$a(,*(7-$&>$,'3,(>(=(&)$ MM$
I:_:I$ %'3,(>(=(&)$&>$-1+0#-$ MM$
I:_:L$ %'3,(>(=(&)$&>$G#4-$ MJ$
I:_:M$ %'3,(>(=(&)$&>$D&7+)$,(*(b#)-$ M`$
I:_:_$%'3,(>(=(&)$&>$%"'(-*(+)-$ _I$
I:c$!"#$-&,(+1$-57<&1(-7$&>$,'3,(>(=(&)$ _d$
I:c:I$!"#$.'#-37#/$ 63(1*()#--$&>$*"#$,'3,(>(#/$0(,*(7$ _d$
I:c:L$!"#$.3<1(,$)+*3'#$&>$,'3,(>(=(&)$ _e$
I:c:M$ %'3,(>(=(&)$+-$@<&/5$1+)63+6#@$ cL$
I:d$%&),13-(&)$ c`$
>9$
,Q=6!CA$ !RT<$ HT/2C$ LC=!Q$ 5H$ ?AC,T@AT%=H$ =HL$ ^CR5BQ$
!A=L5!5THB$ _N$
L:I$E)*'&/3,*(&)$ dL$
L:L$S&<1#$/#+*"$()$B'#,&CD&7+)$!'+/(*(&)$ dL$
L:L:I$Q&,'+*#-8$*"#$."(1&-&."#'!'*)$#=,#11#),#$ dL$
L:L:I:I$Q&,'+*#-;$+.&1&65$+)/$-#)-#$&>$7(--(&)$ X$ dc$
L:L:I:L$S&<1#$/#+*"$ dd$
L:L:I:M$R(0()#$-(6)$ de$
L:L:I:_$!"#$<&/5$+-$<&)/+6#$&>$*"#$-&31$+)/$/#+*"$+-$(*-$1(<#'+*(&)$ d`$
L:L:I:c$]#+'1#--$+)/$)&<1#$<#>&'#$/#+*"$ J^$
L:L:I:d$]()+1$0#'/(,*$ JI$
L:L:I:J$F&'#$&)$@)&<1#$/#+*"@$()$*"#$Q&,'+*(,$*'+/(*(&)$ JL$
L:L:I:e$O$-377+'5$ Jc$
L:M$S&<1#$/#+*"$()$L$+)/!4!5*66*7((&8$ O$G#4(-"$*'+/(*(&)$ Je$
L:_$%'3,(>(=(&)$+)/$*"#$@,3'-#@$ e`$
L:c$%&),13-(&)$ `d$
,Q=6!CA$ !QACC<$ C[C?CB5B$ TW$Z$,TA5H!Q5=HB$ZGZS@]Z$ ``$
M:I$E)*'&/3,*(&)::::$ ``$
M:L$ !"#$/#*"'&)#7#)*$ &>$"37+)$ @4(-/&7@$<5$ @>&&1(-")#--@8$ +)/$ @>&&1(-")#--@$+-$/(0()#$
.&4#'$HI:IeCLcK$ I^^$
M:M$O<-&13*#15$)&$6'&3)/-$ >&'$<&+-*()6$<5$<&*"$"37+)$+)/$/(0()#$-*+)/+'/-$+)/$%"'(-*$*"#$
4(-/&78$'(6"*#&3-)#--8$ -+),*(>(,+*(&)$+)/$'#/#7.*(&)$HI:LdCMIK$ ILJ$
M:_$%&),13-(&)$ IMJ$
6=A!$ 55<$AQC!TA5,J$LC25XCAUJ$ /TLU$ 2=H?M=?C$=HL$%=B,M25H5!U$5H$
?AC,T@AT%=H$ BT,5=2$ C!QTB$
,Q=6!CA$ WTMA<$ AQC!TA5,J$ LC25XCAUJ$ /TLU$ 2=H?M=?C$ =HL$
%=B,M25H5!U$ Z]`$
_:I$ E)*'&/3,*(&)$ IM`$
>99$
_:L$E7.&'*+),#$&>$'"#*&'(,$'#/(-,&0#'#/P$O$'#0(#4$&>$-&7#$-,"&1+'15$0(#4-$ I_^$
_:M$D"#*&'(,$()$B'#,&CD&7+)$%31*3'#$ I_`$
_:M:I$D"#*&'(,$+-$&'+1$,31*3'#$()$B'#,&CD&7+)$-&,(#*5P$O)$&0#'0(#4$ I_`$
_:M:L$D"#*&'(,$+-$,&'#$#/3,+*(&)$H('&+Q#(&,K$ IcM$
_:M:M$!"#$.'#&,,3.+*(&)$4(*"$/#1(0#'5$H@<&/5$1+)63+6#@K$()$
B'#,&CD&7+)$'"#*&'(,$ Icd$
_:M:M:I$O'(-*&*1#$HMe_CMLL$T%K$ Ice$
_:M:M:L$!"#&."'+-*3-$ H,:$MJ^C,:$LecK$ Id^$
_:M:M:M!9/(2#),6*! *$!:()(++,%"$ IdI$
_:M:M:_$%(,#'&$HI^dC_M$T%K$ ;:$ IdL$
_:M:M:c$f3()*(1(+)$H,:$OR$McCI^^K$ Idc$
_:_$D#,#)*$ -*3/(#-$&)$@7+-,31()(*5@8$4(*"$-.#,(+1$'#>#'#),#$*&$B1#+-&)$ IJM$
_:c$%&),13-(&)$ Iec$
,Q=6!CA$ W 5XC<$ C[C?CB5B$ TW$Z$ ,TAG$NGZ@a$=HL$N$,TAG$ ZOGZO$ ZSP$
c:I$E)*'&/3,*(&)$ IeJ$
c:L$U=#6#-(-$ &>$I$%&':$L:ICc$ I`I$
c:M$U=#6#-(-$ &>$L$%&':$I^:I^$ L^`$
c:_$%&),13-(&)$ LLJ$
6=A!$ 555 <$ Q=ALBQ56! ;<=9>?@A?>?B$ 5H$ ?AC,T@AT%=H$ BT,5=2$ C!QTB$=HL$
6=M25HC$MHLCAB!=HL5H?$
,Q=6!CA$ B5[<$ Q=ALBQ56$ =B$ .X5A!MC.$ 5H$ ,2=BB5,=2$ RA5!5H?BJ$ R5!Q$
B6C,5=2$ ACWCACH,C$ !T$B!T5,5B%$ NN`$
d:I$Q*&(,(-7P$O$6#)#'+1$()*'&/3,*(&)$ LL`$
d:L$!"#$Q*&(,$0(#4$&)$0('*3#8$6&&/$+)/$#0(1$ LMI$
d:M$N+'/-"(.$+-$B&/;-$ 6(>*$ LM`$
d:_$Q3(,(/#$ L_c$
d:c$%&3'+6#$+)/$7+)1()#--$ L_e$
d:d$!"#$*'3#$Q*&(,$7&-*$4&'*"5$&>$(7(*+*(&)$+)/$.'+(-#$ LcL$
>999$
d:J$O$G#4(-"$,&3)*#'.+'*P$*"#$F+,,+<#+)$ *'+/(*(&)$ Lc_$
d:e$%&),13-(&)$ Lcd$
,Q=6!CA$ BCXCH<$ BMWWCA5H?$ =HL$Q=ALBQ56$ =B$=$ QM%525=!5TH$ =HL$
LC?A=L=!5TH$ b$ Na`$
J:I$E)*'&/3,*(&)$ Lc`$
J:L$O$'#0(#4$&>$](*b6#'+1/;-$*"#-(-$ Ld^$
J:M$ !"#$ &*"#'$ -(/#$ &>$ *"#$ ,&()P$ -3>>#'()6$ +)/$ "+'/-"(.$ +-$ -(6)-$ &>$ -"+7#$ +)/$
/#6'+/+*(&)$ Ld`$
J:_$%&),13-(&)$ LJ`$
,Q=6!CA$ C5?Q!<$ BMWWCA5H?$ =HL$Q=ALBQ56$ =B$ LC%THB!A=!5TH$ TW$
L5X5HC$ 6TRCA$ 5H$QM%=H$ RC=VHCBB<$ Z$ ,TAG$ cGS@Z]$ =HL$N$ ,TAG$ ZZGN]@
]]$ NSZ$
e:I$E)*'&/3,*(&)$ LeI$
e:L$U=#6#-(-$ &>$I$%&':$_:eCIM$ LeI$
e:M$U=#6#-(-$&>$L$%&':$II:LMCMM$ L`e$
e:_$%&),13-(&)$ MLc$
,TH,2MB5TH$ ]NS$
/5/25T?A=6QU$ ]]`$
9Y$
=//ACX5=!5THB$
OT$ O),"&'$T(<1#$
ACD! A+6/#)! C,7E(! D,62,#+*)F1$ U/(*#/$ <5$ R:$ S:$]'##/7+):$ d$ 0&1-:$ S#4$
\&'?8$ I``L$
AC9! A%&2)*E,*+! C,7E,6*E! 9(-,(.!
AG9H! A%I&2,(J! %+$!G,($()J*+J! $()! )#",&6/(+! H(E28! K(&6/,6/2(! %+$! L%E2%)!
9#"&! ,"! ?',(J(E! $()! +(%()(+! M#)&6/%+J1$ U/(*#/$ <5$ N(1/#6+'/$
!#7.&'()($+)/$V&1>6+)6$N++-#:$T#'1()8$I`JLC
OS!%$ O<()6/&)$S#4$!#-*+7#)*$%&77#)*+'(#-$
T%U$ T#>&'#$*"#$%&77&)$ U'+$
TROB$ T+3#'8$V:8$ ]:$V:$R+)?#'8$V:$ ]:$ O')/*8$ +)/$ ]:$V:$ B()6'(,":! K)((0N
=+JE,&/! O(P,6#+! #I! 2/(! G(.! @(&2*"(+2! *+$! Q2/()! =*)EF! R/),&2,*+!
O,2()*2%)(1$ M/$#/:8$ %"(,+6&8$L^^^$
TRT$ T'&4)8$ ]'+),(-8$ Q:$ D:$ R'(0#'$ +)/$ %:$ O:$ T'(66-:! A! :(7)(.! *+$!
=+JE,&/! O(P,6#+! #I! 2/(!QE$!@(&2*"(+21$ W=>&'/8$I`^J$
TU%S!$ T+?#'$U=#6#*(,+1$%&77#)*+'5$&)$ *"#$ S#4$!#-*+7#)*$
C>R?! C%EE(2,+! #I! 2/(!>+&2,2%2(! #I!RE*&&,6*E! ?2%$,(&!
CS9O! C%EE(2,+! #I! 2/(!S#/+! 9FE*+$&! T+,-()&,2F! O,7)*)F! #I! 5*+6/(&2()!
TS!%$ T1+,?;-$S#4$!#-*+7#)*$%&77#)*+'(#-$
RAA?! R#++(62,6%2! A6*$("F! #I!A)2&! *+$! ?6,(+6(&!
RCU! R*2/#E,6! C,7E,6*E! U%*)2()EF!
%R2$ %+7<'(/6#$R(,*(&)+'5$&>$2"(1&-&."5$
%A2$ %+7<'(/6#$A)(0#'-(*5$2'#--$
D<O! D,62,#+*)F! #I! <*%E! *+$! :,&! O(22()&1$ U/(*#/$ <5$ B:$ ]:$N+4*"&')#$ +)/$
D:$2:$F+'*():$R&4)#'-$B'&0#8$I``M$
U%$ U.4&'*"$%&77#)*+'(#-$
UZZS!$ U0+)6#1(-,"C?+*"&1(-,"#'$Z&77#)*+'$b37$S#3#)$!#-*+7#)*$
:()"! :()"(+(,*!
:@9! :*)-*)$! @/(#E#J,6*E! 9(-,(.!
ET%$ E)*#'.'#*+*(&)P$O$T(<1#$%&77#)*+'5$>&'$!#+,"()6$+)/$2'#+,"()6$
Y$
E%%$ E)*#')+*(&)+1$%'(*(,+1$%&77#)*+'5$
>=S! >&)*(E! =P'E#)*2,#+! S#%)+*E!
>+2! >+2()')(2*2,#+!
SCO! S#%)+*E! #I!C,7E,6*E! O,2()*2%)(!
SR=! S#%)+*E! #I!R/),&2,*+! =$%6*2,#+!
S=R?! S#%)+*E! #I!=*)EF! R/),&2,*+! ?2%$,(&!
S=@?! S#%)+*E! #I! 2/(!=-*+J(E,6*E! @/(#E#J,6*E! ?#6,(2F!
S9! S#%)+*E! #I! 9(E,J,#+!
S9:! S#%)+*E! #I!9(E,J,#%&! :,&2#)F!
S9?! S#%)+*E! #I!9#"*+! ?2%$,(&!
S?G@! S#%)+*E! I#)! 2/(!?2%$F! #I!2/(!G(.! @(&2*"(+2!
GQS!Q3.$ G&3')+1$>&'$*"#$Q*3/5$&>$*"#$S#4$!#-*+7#)*$Q3..1#7#)*$Q#'(#-$
S?Q@! S#%)+*E! I#)! 2/(!?2%$F! #I!2/(!QE$! @(&2*"(+2!
S?<! S#%)+*E! I#)! 2/(!?2%$F! #I!2/(! <&(%$(',J)*'/*!
ZUZ$ Z'(*(-,"C#=#6#*(-,"#'$Z&77#)*+'$((<#'$ /+-$S#3#$!#-*+7#)*$ HF#5#'C
Z&77#)*+'K$
g%g$ g&#<$%1+--(,+1$ g(<'+'5$
gQG$ g(//#118$N#)'5$B#&'6#8$D&<#'*$Q,&**8$+)/$N:$Q*3+'*$G&)#-:!A!K)((0!
N=+JE,&/! O(P,6#+1$ `*"$#/:$4(*"$'#0(-#/$-3..1#7#)*:$W=>&'/8$I``d$
ghh$ Q#.*3+6()*$
V!5*6(1! V! 5*66*7((&!
4!5*6(1! 4! 5*66*7((&!
"1$ F(-")+"$
FS!%$ F&>>+**$S#4$!#-*+7#)*$%&77#)*+'5$
SE%S!$ S#4$E)*#')+*(&)+1$%&77#)*+'5$&)$*"#$S#4$!#-*+7#)*$
SEB!%$ S#4$E)*#')+*(&)+1$B'##?$!#-*+7#)*$%&77#)*+'5$
SEa$ S#4$E)*#')+*(&)+1$a#'-(&)$
G#-@! G#-%"! @(&2*"(+2%"!
SDQa$ S#4$D#0(-#/$Q*+)/+'/$a#'-(&)$
S!$ S#4$!#-*+7#)*$
=!B! G(.!@(&2*"(+2! ?2%$,(&!
S!!$ S#4$!#-*+7#)*$!"#&1&65$
Q==D! QPI#)$! =+6F6E#'($,6! =+JE,&/! D,62,#+*)F!
W!$ W1/$!#-*+7#)*$
Q@<! QE$!@(&2*"(+2! <&(%$(',J)*'/*1$ U/(*#/$<5$G:$N:$%"+'1#-4&'*":$L$0&1-:$
S#4$ \&'?:$ I`eM8$ I`ec$
WA2$ W=>&'/$A)(0#'-(*5$2'#--$
WV%$ W=>&'/$V&'1/;-$%1+--(,-$
<C?9! <*'()&! #I!2/(!C),2,&/! ?6/##E! *2! 9#"(!
US?! U%*)2()EF! S#%)+*E! #I! ?'((6/!
DQa$ D#0(-#/$Q*+)/+'/$a#'-(&)$
Q+,2+6$ Q+,'+$2+6()+$Q#'(#-$
QTg$ Q&,(#*5$&>$T(<1(,+1$g(*#'+*3'#$
QTgRQ$ Q&,(#*5$&>$T(<1(,+1$g(*#'+*3'#$R(--#'*+*(&)$Q#'(#-$
?CO?<! ?#6,(2F! #I!C,7E,6*E! O,2()*2%)(! ?(",+*)! <*'()&!
QTgQQ$ Q&,(#*5$&>$T(<1(,+1$g(*#'+*3'#$Q#7#(+$Q*3/(#-$
?=! ?2%$,*! =-*+J(E,6*!
@A<!A! @)*+&*62,#+&! #I!2/(!A"(),6*+! </,E#E#J,6*E! A&,*2,#+!
@DG@! @/(#E#J,6*E! D,62,#+*)F! #I! 2/(!G(.! @(&2*"(+21$ U/(*#/$<5$B#'"+'/$
Z(**#1$+)/$ B#'"+'/$]'(#/'(,":$!'+)-1+*#/$<5$B:V:$ T'&7(1#5:$ I $0&1-:$
B'+)/$D+.(/-8$I`d_CJdK$
@F+C%E! @F+$*E(! C%EE(2,+!
ATQ$ A)(*#/$ T(<1#$Q&,(#*(#-$
VT%$ V&'/$T(<1(,+1$%&77#)*+'5$
WGH! W(,2&6/),I2! I%)! $,(!+(%2(&2*"(+2E,6/(! H,&&(+&6/*I2! %+$!
$,(!L%+$(! $()!$E2()(+! L,)6/(!
=FF-#>9'+9)3&$)*$H)3F9F79;'7$!#Y+&$A#*#--#0$+)$ 93$%'93$!#Y+$'30$W))+3)+#&$
O'(-*&*1#$
=2/1!+,61! =2/,6*! +,6#"*6/(*!
Y99$
9/(21! 9/(2#),6*!
<#(21! <#(2,6*!
<#E1! <#E,2,6#!
O'*#7(/&'3-$
Q+(,)1! Q+(,)#6),2,6*!
O363-*()#$
R,-1! D(!6,-,2*2(!D(,!
%+11(-*'+*3-$
D,J1! D,J(&2*!%+--(3-$R(&$%&,,#(+)3-$
:,&21! )#"1! :,&2#),*! )#"*+*!
%(,#'&$
A221! A$A22,6%"!
C)1! C)%2%&!
R>1! <)#! RE%(+2,#!
D(,#21! <)#!9(J(! D(,#22*)#!
M,+1! D(!M,+,7%&!
>+-1! D(!,+-(+2,#+(! )/(2#),6*!
O(J1! D(! E(J,7%&!
5,E1! <)#!5,E#+(!
G*21! $1! D(!+*2%)*! $(#)%"!
Q I I 1! D(!#II,6,,&!
Q'21! D(!Q'2,"#! K(+()(! Q)*2#)%"!
Q)1! D(!Q)*2#)(!
Q)*21! Q)*2#)!
<*)21!
</,E1!
<,&1!
9*71! <()$1!
9('1!
@%&61!
X())1!
D(!<*)2,2,#+(! Q)*2#),*!
</,E,'',6*(!
>+! <,&#+("!
<)#!9*7,),#! <()$%(EE,#+,&!
D(! )('%7E,6*!
@%&6%E*+*(! $,&'%2*2,#+(&!
>+! X())("!
%1#7#)*$&>$O1#=+)/'(+$
<*($1! <*($*J#J%&!
%3'*(3-$D3>3-8$f3()*3-$
:,&21! AE(P1! :,&2#),*! AE(P*+$),! 5*J+,!
R#7#*'(3-$
=E#1! D(! =E#6%2,#+(!
R(&$%"'5-&-*&7$
Q)1! Q)*2,#+(&!
R(&/&'3-8$Q(,313-$
C,7E1! :,&21! C,7E,#2/(6*! :,&2#),6*!
R(&6#)#-$g+#'*(3-$
X,21!</,E1! X,2*(! </,E#&#'/#)%"!
R(&)5-(3-$&>$N+1(,+')+--3-$
A+21! )#"1! A+2,Y%,2*2(&! )#"*+*(!
U))(3-8$f3()*3-$
A++1! A++*E(&!
U.(,*#*3-$
D,&&1!
U3-#<(3-$
:,&21! =66E1!
B+(3-$
>+&21!
B#11(3-8$O313-$
G#621!A221!
B&'6(+-$
:(E1!
N&7#'$
ii:$
Q$F&&1!
N&'+,#$
?*21!
E6)+*(3-8$T(-"&.$,$
='1!
E-&,'+*#-$
A+2,$1!
Q)1!
<*+(JF)1!
G&")$%"'5-&-*&7$
:#)+1!
D,&&()2*2,#+(&!
:,&2#),*! (66E(&,*&2,6*!
>+&2,2%2,#+(&!
G#$(&! A22,6*(!
:(E(+!
>E,*$!
Q$F&&(F!
?*2,)*(!
O)*(&,"$
=',&2#E*(!
A+2,$#&,&!
Q)*2,#+(&!
<*+(JF),6%&!
:#",E,*(!
G&-#."3-$
A+21!
C1S1!
A+2,Y%,2*2(&! Z%$*,6*(!
C(EE%"! Z%$*,6%"!
G3-*()$U.(*&7+*&'$
D,J1! D,J(&2!
G3-*()$F+'*5'$
A'#E1! A'#E#J,*!
D,*E1! @)F'/1! D,*E#J%&! 6%"! @)F'/#+(!
G30#)+1$
?*21! ?*2,)*(!
g3,(+)$
R*21! R*2*'E%&!
D("1! D("#+*P!
D,*E1! $1! D,*E#J,! $(#)%"!
D,*E1!5()1! D,*E#J,! 5()(2),6,,!
M%J1! M%J,2,-,!
K*EE1! K*EE%&!
>%$,61! -#61! >%$,6,%"! -#6*E,%"!
S%'1! @)*J1! S%'',2()! @)*J#($%&!
<()(J)1! D(!"#)2(! <()(J),+,!
<)#"1! <)#"(2/(%&!
?*21! ?*2%)+*E,*!
F+',3-$O3'#1(3-$
5($1! 5($,2*2,#+(&!
!"#$%"$&'()*"+'
!"#$% !"#&'()*%
,-".)#'
+,-*$%
/)0-1#"$&'
.&#/0$%
/2"*1'
+1,0$%
2-&""$%
3,4$%5--$%
67*#$%
8)79% !:;$%
.7:;$%
.<,"$%
=(0#$%
/2"*13)4$&'
>,% ?1,#$%
/2"*1&0-50$&'
=(#$% 5<7--$%
/*501'
5<7-$%
+0$%
@)#1/9$%
@)#1/<1$%
A704$%
+7;#0&% +,-*):%
.&#/0("7;%
>,% +1,0)B(:%
C;% 2-&""):%
3,4):% &--,470(&,%
>,%<7*#,0(#&#,% +&(;(%
8)79% !:;(*% 607B)*%
>,% *7:;((*%
>,% *<,"(&-(B)*% -,4(B)*%
>,% '(0#)#(B)*%
>,% ?1,#70("&%
=(#&%5<7--7;((% D/&;&,%
5<7-74(&%
+0(#7%
@)#1/9,:)*%
@)#1/<107%
A704(&*%
3,4$%
E,;$%
61&,9$%
61&,90$%
607#&4$%
?,<$%
?,*<$%
.7<1$%
/*5$0$&'
5*$%
5)-$%
F&""1$%
+&<$%
+&*$%
+)0$%
@<$%
E(-$%
E7*#$%
6,0$%
.#$%
/*"#6'02)'7*3)-'
G&#$%
/*"#6'02)'81$#.)-'
@<$%
/*$05-%2'
+&,*$%
+&#$%E(;$%
>,% 3,4(B)*%
E,;7%
61&,97%
61&,90)*%
607#&474&*%
>,% 0,<)B-("&%
?,*<)B-("&%
>,% .7<1(*#&%
5*(;&0(&%
5)-)-&0(&%
F&""1(9,*%
+&<(#('(%
+&*(;&%
+)0")-(7%
@<(9(")*%
E(-,*% 4-70(7*)*%
E7*#,--&0(&%
6,0*&%
.#("1)*%
G&#)0&-(*% 1(*070(&%
@<(*#)-&,%
+&,*&0%
+% E(;70%
E70$%
6,0$%
=(#$%
E70&-(&%
6,0("-,*%
=(#&,% (--)*#0():% '(070):%
/&9' :' ;$"#0"*"5#'
>,"-$% >,"-&:&#(7;,*%
;$"#0"*"5#'
C;*#$% 70&#$% >,% C;*#(#)#(7% !0F(&%
?1,#$% &9%H,0$% ?1,#70("&% &9% H,0,;;():%
<)#)%5'
5<7"$% 5<7"7-7"/;#7*(*%
F,&#$% >,% '(#&% B,&#&%
F,;$% >,% F,;,I("((*%
+-,:$% >,% 9,:,;#(&%
+7;*$% >,% "7;*7-&#(7;,% &9% E&0"(&:%
@<$% @<(*#)-&,% E70&-,*%
C0&% >,% C0&%
607'$% >,% 607'(9,;#(&%
<$)01#"$&'
5)4$% 5)4)*#)*%
+&-$% +&-(4)-&%
+-&)9$% +-&)9()*%
A&-$% A&-B&%
J)-$% J)-()*%
G,0$% G,07%
!"!#
=5%"0$&'
5;;$%
H(*#$%
=)-)#%)'
@);$%
5;;&-*%
H(*#70(&,%
@);)"1%
=)-0$**"5#'
5<7-$%
6&#$%
5<7-74,#(")*%
>,% 6&#(,;#(&%
>"-."*'
5,;$% 5,;,(9%
?)#1@21#'
54,*$%
+/0$%
@<1$%
BE,:$%
!,"$%
54,*(-&)*%
+/07<&,9(&%
@<1,*(&"&%
E,:70&B(-(&%
!,"7;7:(")*%
!!#
$%&'()*+&"(%#
=2"&' 02)&"&' "&' %1#%)-#)3' A"02' BC136' *5#.$5.)B9% D1,% !KI709% @;"/"-7<,9("% @;4-(*1%
>("#(7;&0/' 3)D"#)&' BC136' *5#.$5.)B' 5&' B02)' @-1%)&&' 1D' %144$#"%50"#.' 02-1$.2'
%1#&%"1$&' 1-'$#%1#&%"1$&' .)&0$-)&'5#3'@1&)&9BE'F1A)G)-H' 02)' 0)-4' BC136' *5#.$5.)B'"&'
$&)3' 41-)' C-153*6' 5#3' 50' 0"4)&' 41-)' *11&)*6' "#' 02"&' 02)&"&' 025#' A250' 02)' ,+D1-3'
I"%0"1#5-6' 25&' 3)D"#)3' 2)-)9' BJ136' *5#.$5.)B' "#' %-$%"D"+"1#' A5&' %1#G)6)3' #10' 1#*6'
02-1$.2'B.)&0$-)&'5#3'@1&)&BH'C$0'5*&1'"#'@1A)-D$*'5#3')DD)%0"G)'&64C1*&9'(1-' "#&05#%)H'
02)' C136' 1D'02)' %-$%"D")3'G"%0"4' A5&' %*)5-*6' &64C1*"%'1D'02)' A1-&0' 1D'2$45#'&$DD)-"#.'
5#3' @5"#H' 2$4"*"50"1#'5#3' 3).-5350"1#9' <"4"*5-*6H' 02)' @26&"%5*' @5"#' 0250' /5$*' )#3$-)3'
02-1$.2' BD*1.."#.&BH'B*5&2)&B'5#3' C)50"#.&' KL'M1-9' EE9LN:LOP'5*&1'%1#G)6)3' *"G)*6' 5#3'
41G"#.' BC136' *5#.$5.)B9' =2)' &54)' A5&' 5*&1' 0-$)' A"02' -)D)-)#%)' 01' /5$*Q&' BC13"*6'
@-)&)#%)B'A2"%2'A5&' -).5-3)3' 5&' BA)5RB' C6'2"&'%-"0"%&'KES9ESP9' T0'.1)&'A"021$0'&56"#.'
0250' 02)' 41&0' 1CG"1$&' BC136' *5#.$5.)B' A5&' %144$#"%50)3' 02-1$.2' 02)' G5-"1$&'
B.)&0$-)&'5#3'@1&)&B'"#'02)'3)*"G)-6'1D'02)'1-501-' "#'U-)%1:V145#' -2)01-"%9'!1-)1G)-H'5'
@1A)-D$*' 5#3' "4@-)&&"G)' &)*D:@-)&)#050"1#' 1D' 02)' 1-501-H' 5&' 1D' 5#6' 5.)#0H' 5*&1' %5--")3'
A"02' "0'&".#&'5#3'0-5"0&'1D'45&%$*"#"06'A2"%2'A5&' G"05*' 01'5'45#Q&'&050$&'"#' U-)%1:V145#'
&1%")069'
!1-)1G)-H' B=2)'!)&&5.)'1D' 02)' M-1&&B' "#'02"&' 02)&"&' -)D)-&' #10' 1#*6'01' 02)% "7;#,;#' 1D'
/5$*Q&'.1&@)*H' C$0'5*&1'02)%:&;;,0' 1D'2"&'@-1%*5450"1#H'1-'3)*"G)-6H'5&'A)**' 5&'2"&'A21*)'
&<7*#7-("% -(I,$' =2"&'A5&'C)%5$&)H'5&' D5-'5&' /5$*' A5&' %1#%)-#)3H' 02)'4)&&5.)'2)' %5--")3'
%1$*3' 25-3*6' C)' &)@5-50)3' D-14' 02)' 45##)-' 1D' 2"&' @-)&)#050"1#' 5#3' 2"&' A21*)% :79)*%
7<,0&;9(% &*' 5#' 5@1&0*)'1D'M2-"&09'/5$*' 253' #10' 1#*6'B3)%"3)3' 01' R#1A' #102"#.' 541#.'
61$' W02)'M1-"#02"5#&X' )+%)@0' Y)&$&'M2-"&0H' 5#3' 2"4'%-$%"D")3B'KE'M1-9' L9LPH' 5' 3)%"&"1#'
,
# -*)"&.#/01'21334!"#$!%&'()*! +,-.-/(0$*1-! +,2/13#! 41-51(,6).# 5607#8('9:#;</4# ,==>?4# ,>@A#
A2"%2'.1G)-#)3'02)'%1#0)#0'1D'2"&'.1&@)*H'2"&'@-1%*5450"1#'B#10'A"02'@*5$&"C*)'A1-3&'1D'
A"&314B' KL9ZPH' 5#3' 2"&' A21*)' *"D)H' "#%*$3"#.' 2"&' @)-&1#5*' 0-"C$*50"1#&H' A)-)'
%25-5%0)-"[)3' C6'BA)5R#)&&B' KL'M1-9' EE9NSP9'=2"&'02)&"&' A"**' 0-6'01'&21A' 0250' "0'A5&'"#'
02)' C136' *5#.$5.)' 1D' 02)' 5C1G)' 02-))' 5&@)%0&H' #54)*6H' 02)' 4)&&5.)'1D' 02)' %-1&&H' "0&'
@-)&)#050"1#H' 5#3' /5$*Q&' 1A#' @)-&1#5*' *"D)H' 0250' 02)' "#G)-&"1#'1D' 02)' %$--)#0' U-)%1:
V145#'&1%"5*')021&'C)%54)'@5-0"%$*5-*6'1CG"1$&'"#'/5$*Q&'M1-"#02"5#'@1*)4"%&9L'
=2"&' 02)&"&' 25&' "3)#0"D")3' 02-))' &@)%"D"%' 5-)5&' %1#%)-#"#.' BC136' *5#.$5.)BH' "#' 02)'
C-153)-'&)#&)'1D'02)'0)-4H'"#'/5$*Q&' M1-"#02"5#'@1*)4"%&H'A"02' &@)%"5*'-)D)-)#%)'01'02)"-'
-)&@)%0"G)' 2"&01-"%1:&1%"5*' %1#0)+0&' 5#3' 02)"-' -)*)G5#0' 0)+0&' "#' 02)' M1-"#02"5#'
%1--)&@1#3)#%)9' =2)&)'02-))' &@)%"D"%'5-)5&'A2"%2'%1#&0"0$0)'02)'02-))'@5-0&' 1D'02)' 02)&"&'
5-)\' KEP'M-$%"D"+"1#'5#3'#1C*)'3)502'"#'5#0"]$"069'KLP'U-)%1:V145#'-2)01-"%H'A"02'&@)%"5*'
)4@25&"&' 1#' "0&' 3)*"G)-69' KNP% 6,0(*#&*(*' %505*1.$)&H' @)-%)"G)3' C102' @1&"0"G)*6' 5#3'
#).50"G)*69'BJ136'*5#.$5.)B' "&'02)'G"05*' *"#R'C)0A))#'02)'02-))'1D'02)49'=2"&'02)&"&' A"**'
0-6' 01' 3)41#&0-50)' 0250' 1#' 02)' C5&"&' 1D'2"&01-"%1:&1%"5*'&0$3")&' 1D' 02)' 02-))' 5-)5&H'#10'
1#*6'A5&'/5$*' %1#&%"1$&' 1D'2"&' "#0)#0"1#H' 02)-)' A5&' 5*&1' 5#'1CG"1$&'%1#&"&0)#%6' "#'2"&'
"#G)-&"1#' 1D'02)' %$--)#0' &1%"5*')021&' "#'5**'02)&)'02-))' 5-)5&9'M1#&)]$)#0*6H' 02"&' 02)&"&'
A"**' 0-6'01'3)5*' A"02' 02)' D1**1A"#.'R)6']$)&0"1#&H' 5&' A)**' 5&'4"#1-']$)&0"1#&' -)*50)3'01'
02)49'^26'3"3'/5$*'3)%"3)' B01'R#1A'#102"#.'541#.'61$')+%)@0'Y)&$&'M2-"&0H'5#3'2"4'
%-$%"D")3B'KE'M1-9'L9LP_'^26'3"3'/5$*'3)%"3)'#10'01'@-1%*5"4'B02)'46&0)-6'1D'U13B'"#'
B*1D06'A1-3&'1-'A"&314B'A2)#'2)'%54)'01'M1-"#02' KL9EP_'^26'3"3'2)'%14)'01'M1-"#02'
B"#' A)5R#)&&'5#3' "#'D)5-'5#3' "#'4$%2'0-)4C*"#.B' KL9NP_'`D0)-'@-1G"3"#.' 02)'A21*)'*"&0'
1D' @)-&1#5*' 0-"C$*50"1#&%L<,0(*#&*,(*M' "#'L'M1-9' EE9LN:LaH'A26'&21$*3'/5$*' %1#%*$3)'C6'
B
# ;C# +(*'204# &.0# 7(')# DE()FD# ('# DE()F# 31%G*1G0D# 132(# 1HH01'0)# "%# (&.0'# +(%&0!&2# "%# &.0# I('"%&."1%#
+(''02H(%)0%+04# C('#0!1JH304# 7"&.#'0C0'0%+0#&(# &.0#I.'"2&"1%K2#E()F# 12#D1#&0JH30# (C# &.0#L(3F#MH"'"&D#5,#
I('A# NA,=?O#&.0#I('"%&."1%#+(%G'0G1&"(%# 12#D(%0#E()FD#5,PA,Q?4#7."+.#712#I.'"2&K2#E()F#5,BA,B4#BQ?#"%#&.0#
+(%&0!&2# (C# &.0#R(')K2#M*HH0'#12#7033#12# "%#/1*3K2#&01+."%G# (%#2H"'"&*13#G"C&2#5,BA,BST,?A# U*&#"%#133#&.020#
1%)# 2"J"31'#+1202# DE()FD# ('#DE()F# 31%G*1G0D# 70'0# *20)# 2FJE(3"+133F# ('#12# 2"G%2# ('#J0&1H.('2# "%#&.0#
+(%&0!&2# (C#/1*3K2#&01+."%G4#1%)#%(#"%V0'2"(%#(C#+*''0%(+"13#0&.(2A#
B#
&56"#.' 0250' B " D' T'4$&0'C15&0H'T'A"**' C15&0'1D'02)' 02"#.&' 0250' &21A'46'A)5R#)&&B'KEE9NSPH'
"#&0)53'1D'&0-)#.02H' *"R)'2"&'U-)%1:V145#' %1$#0)-@5-0&' 3"3_'
,A#I('"%&."1%#2&*)"02:#1#G0%0'13#2"&*1&"(%#1%)#&.0#1HH'(1+.#(C#&."2#&.02"2#
=2)'&0$36'1D'/5$*Q&'M1-"#02"5#'*)00)-&' "&'541#.' 02)'41&0'D5&%"#50"#.'5#3'6)0'50'02)'&54)'
0"4)' 02)'41&0' %14@*)+' "#'b)A'=)&054)#0' &0$3")&9' T#'5&' )5-*6' 5&' 02)' EcNS&'()-3"#5#3'
J5$-' 253' 5*-)536' 2)*3' 0250' 02)' )5-*6' %2$-%2' A5&' *5-.)*6' 3"G"3)3'"#01' 0A1' %54@&' *)3'
-)&@)%0"G)*6'C6'/5$*'5#3'M)@25&9'=2"&'@1&"0"1#'314"#50)3'45#6'3)%53)&'"#'02)'&0$36'1D'
)5-*6' M2-"&0"5#"069N' *021$.2'J5$-Q&' G")A' 25&' C))#' 4$%2' %-"0"%"[)3'1-' 5C5#31#)3' C6'
45#6H' "0&' "#D*$)#%)' 5#3' &$@@1-0' 5-)' &0"**' ]$"0)' %1#&"3)-5C*)' )G)#' 013569Z' T#' 02)' )5-*6'
0A)#0")02' %)#0$-6H' 5'#)A'41G)4)#0' R#1A#'5&' 02)% ?,-(4(7;*4,*"1("1#-("1,% ."1)-,' KB02)'
F"&01-6'1D'V)*"."1#'<%211*BP'A5&' "#"0"50)3'C6'&%21*5-&'A21'@$0'02)'&0$36'1D'C102'Y)A"&2'
5#3'M2-"&0"5#'-)*"."1#&'"#'5'4$%2'C-153)-' %1#0)+0' 5#3' "#'%*1&)' %1##)%0"1#H')G)#' 1#'@5-'
A"02' 102)-' -)*"."1$&' 0-53"0"1#&H'02)-)C6' %25**)#."#.' 02)'$#"]$)' &050$&'A2"%2' 02)'Y$3)1:
M2-"&0"5#' -)*"."1#' $&)3' 01')#d16'D1-'%)#0$-")&9' T#'533"0"1#H'02)' A1-3' BU#1&0"%"&4B'A5&'
5*&1'%25-5%0)-"&0"%5**6'$&)3'01' "#0)-@-)0'M1-"#02"5#'M2-"&0"5#"06'1-' 02)1*1.6'C6'&%21*5-&'
&$%2' 5&'^5*02)-' <%24"025*&O' 5#3' e*-"%2' ^"*R)#&9f'J)"#.'%-"0"%5*' 1D'U#1&0"%"&4'5&' 02)'
5@@-1@-"50)' C5%R.-1$#3'1D'M1-"#02"5#'&0$36H'V"%25-3'F1-&*)6'53G1%50)3' 02)' @)-&@)%0"G)'
1D' BF)**)#"&0"%' Y$35"&4B' 01' "#0)-@-)0' M1-"#02"5#' 02)1*1.69g' e#3)-' J5$-Q&' "#D*$)#%)H'
!5-.5-)0' !5%I1#5*3'02"#R&' 0250' M1-"#02"5#'&0$36' 0)#3)3' 01' C)' /5$*:%)#0-)3' C)0A))#'
02)' EaOS&' 5#3' 02)' EafS&H' D1%$&"#.'4)-)*6' 1-' @-)314"#5#0*6' 1#' /5$*Q&' 021$.20' -502)-'
T
# WA#IA# U1*'4! 768/9! "#$!:0(35/$! ('! ;$383! <#)1359! =13! >1'$! 6,*! ?()@9! =13! +0135/$3! 6,*! =13! 4(-5)1,$!
5X)"%E*'G.YR(%)(%:#Z"33"1J2#[#6('G1&04#,@Q>?4# ,ABNQSTBPA#\
# ]1'G1'0A#]1+^(%13)4# K_.0#M."C&"%G#I0%&'0:#$)0(3(GF# 1%)# &.0# $%&0'H'0&1&"(%# (C# ,#I('"%&."1%2K4#"%#
X)71')#`)1J2#1%)#^1V")#aA#L(''033# 50)2A?4! <#)13516,15.! 65! <()1,5#A! "#$!B8$35! '()! 5#$!768/1,$! -#8)-#!
5Z02&J"%2&0'#-(.%#b%(!#/'022:#R(*"2V"3304#BPP\?4# BQTS=\4#1&#BQQA#-1J02#^A#aA# *%%4#Kc0+(%2&'*+&"(%2# (C#
I('"%&."1%# I.'"2&"1%"&F#1%)# &.0# $%&0'H'0&1&"(%# (C# ,#I('"%&."1%2K4#"%! <#)13516,15.9# B=>ST,PA#]A#a(*3)0'4#
KM(H."1#"%#,#I('"%&."1%2K4!C"D#TQ#5,==,?4#>,NST\A#>
#ZA#M+.J"&.1324!E,(351-13F! 1,!<()1,5## 5612.V"330:#`E"%G)(%4# ,=Q,?A#N
# <A#Z"3+90%24! GD(0#16G9! "4C"QA>,=SBBA#Q
# cA#`A#L('230F4# Ka%(2"2#"%#I('"%&.:#$#I('"%&."1%2#@A,SNdA!C"D#BQ# 5,=@,?4# TBS>BA#
T#
025#' 1#' B5' D$**' $#3)-&05#3"#.' 1D' 02)' M1-"#02"5#' %144$#"06' 5&' 5' A21*)9B' /5$*"#)'
&%21*5-&2"@' C)0A))#' 02)' EafS&' 5#3' 02)' EagS&' %1$*3' C)' -).5-3)3' 5&' BM2-"&0"5#"06:
%)#0-)3B'&"#%)'B02)% ,NN-,*(&' 1D' D"-&0' %)#0$-6'M1-"#02B' A5&' ]$"0)'%1441#*6'@)-%)"G)3' 5&'
C)"#.'-)@-)&)#050"G)'1D'BM2-"&0"5#"06B9a'=2"&'A5&' D1**1A)3'C6' 02)' B2"&01-"%1:&1%"1*1."%5*'
41G)4)#0BH' A2"%2' 25&' .-53$5**6' &2"D0)3' 01' C)%14)' B&1%")06:%)#0-)3BH' "9)9H' $&"#.' 02)'
U-)%1:V145#'&1%"5*'%1#0)+0'01'"#0)-@-)0'02)' M1-"#02"5#'%1--)&@1#3)#%)9ES'=2"&'&2"D0' A"**'
25G)'&)-"1$&' "4@*"%50"1#&' D1-' 02)' 5@@-15%2' 1D' 02"&'02)&"&H'A"02' "0&' D1%$&'1#' 02)'4)&&5.)'
1D' 02)' %-1&&' "#' -)*50"1#' 01' 02)' @-)G5"*"#.' &1%"5*' )021&9' ()4"#"&0' &0$36' "&' #)+0H' A"02'
7*"&5C)02' <%2""&&*)-' ("1-)#[5Q&' C11R% C;% E,:70/% 7I% H,0O% 5% 2,:(;(*#% D1,7-74("&-%
?,"7;*#0)"#(7;% 7I% +10(*#(&;% !0(4(;*P' @$C*"&2)3' "#' EacNH' 5&' 5' -)@-)&)#050"G)9'=2"&' 25&'
5-1$&)3' %1#&"3)-5C*)' "#0)-)&0' "#' "#0)-@-)0"#.' 02)' -1*)' 1-' &050$&' 1D' A14)#' "#' 02)'
M1-"#02"5#' %2$-%29EE'
!1-)'-)%)#0' 25&' C))#' 02)' #)A' "#0)-)&0' "#'U-)%1:V145#' -2)01-"%'A"02' &@)%"5*'-)D)-)#%)'
01' 02)' M1-"#02"5#' %1#0)+09' =2"&'02)&"&' -)53"*6' -)%1.#"[)&' 02)' "4@1-05#%)' 5#3' G5*$)'1D'
C102'02)' 2"&01-"%1:&1%"1*1."%5*'5@@-15%2'5#3' 02)'41-)'-)%)#0'-2)01-"%5*'&0$3")&9'
@
]1+^(%13)4# K_.0# M."C&"%G#I0%&'0K4# B@PA# ICA# IA# bA#U1''0&&4# KI.'"2&"1%"&F# 1&# I('"%&.K4! H;I># \N# 5,=N\?4#
BN=S=QA# bA# M&0%)1.34! 768/! 6F(,2! ;$J3! 6,*! E$,51/$3# 5/."31)03H."1:#W('&'022# /'0224# ,=QN?A#6"32#`32&'*H#
^1.34# K/1*3# 1%)# &.0# I.*'+.#1&#I('"%&.K4# "%! <#)13516,15.9# @>S=>A#=
]1+^(%13)4# K_.0#M."C&"%G#I0%&'0K4# B@>A# M+.J"&.1324!E,(351-13FK# L('230F4# Ka%(2"2K4#TBS>BA#, P
# aA#_.0"220%4! "#$!D(-16/! D$551,2! ('!768/1,$! <#)13516,15.# 5/."31)03H."1:#_A#[#_A#I31'94# ,=@B?A#M&0H.0%#IA#
U1'&(%4# K/1*3# 1%)# &.0# I'(22:# `# M(+"(3(G"+13# `HH'(1+.K4! "#$(/(2.# @># 5,=@B?4# ,TS,=A#ZA# `A#]00924! "#$!
L1)35! M)N6,! <#)13516,3A! "#$!D(-16/! ?()/*! ('! 5#$!:0(35/$! 768/# 5607# L1V0%:#8130# <%"V0'2"&F4# ,=@T?A# UA#
L(3JE0'G4! D(-1(/(2.! 6,*! 5#$!C$J! "$356F$,5# 5]"%%01H(3"2:#W('&'0224# ,==P?A#-A#bA#I.(74! 765)(,62$! 6,*!
7(J$)A! :! D58*.! ('! D(-16/! C$5J()@3! 1,! <()1,5## 5-M6_M# Q>O# M.0CC"03):#-M;_4# ,==B?A# ^A# UA# ]1'&"%4! "#$!
<()1,5#16,! H(*.# 5607# L1V0%:#8130# <%"V0'2"&F# /'0224# ,==>?A#^1V")#aA#L(''0334! "#$! D(-16/! +5#(3! ('! 5#$!
<()1,5#16,! <())$30(,*$,-$# 5X)"%E*'G.:# _A#[#_A#I31'94# ,==N?A#
D# X3"21E0&.# M+.*2230'#W"('0%e14! O,!P$F().! ('! =$)A! :! L$F1,135! "#$(/(21-6/! I$-(,35)8-51(,! ('! <#)13516,!
%)121,3# 5607# 8('9:# I'(22'(1)4# ,=@T?A# `A# IA# Z"'04! <()1,5#16,! ?(F$,! 7)(0#$53A! :! I$3-(,35)8-51(,!
5#)(82#! 768/G3! I#$5()1-# 5]"%%01H(3"2:#W('&'0224# ,==P?A#X A#MA#W"('0%e1# 50)A?4!D$6)-#1,2! 5#$!D-)1058)$3K! Q(/!
RA!:!L$F1,135! <(FF$,56).# 5R(%)(%:#MI]4#,==>?A# `AS-A# R0V"%04! :!L$F1,135! <(F06,1(,! 5(!768/# 5R(%)(%#
1%)# 607# 8('9:# _# [# _# I31'94# BPP\?A# -A# P931%)4! ?(F$,! 1,! "#$1)! 7/6-$A! 768/! 6,*! 5#$! <()1,5#16,!
413-(8)3$! ('!E$,*$)! 6,*! D6,-586).! D06-$# 5R(%)(%:#_#[#_#I31'94#BPP\?A#, B
# a0('G0# `A# b0%%0)F4! </6331-6/! I#$5()1-! 6,*! O53! <#)13516,! 6,*! D$-8/6)! ")6*151(,! ')(F! :,-1$,5! 5(!
P(*$),! "1F$3# 5R(%)(%:#I'((J#L03J4# ,=@P?O#RA#R A#Z03E('%4# K;%# &.0# ^"2+(')# "%#I('"%&.:# ,#I('"%&."1%2#
,S\# 1%)# `%+"0%&#/(3"&"02K4! ;H># ,PN# 5,=@Q?4# @>S,,,O# MA# ]A#/(G(3(CC4!>(2(3! 6,*! D(0#16A! "#$! I#$5()1-6/!
D158651(,! ('! S!<()1,5#16,3# 5`&31%&1:#M+.(31'2#/'0224#,==B?O#^A#R"&C"%4!D5!768/G3! "#$(/(2.! ('! 7)(-/6F651(,A!
S!<()! STU! 6,*! E)$-(TI(F6,! I#$5()1-# 5I1JE'")G0:#I1JE'")G0#<%"V0'2"&F#/'0224# ,==\?A#
\#
`#3-)A' M*5-R)' C)*")G)&' 0250' 02)' /5$*"#)' %1-@$&' 5*1#)' 31)&' #10' @-1G"3)' &$DD"%")#0'
)G"3)#%)' 01' -)%1#&0-$%0' 02)' &"0$50"1#' 5&' "0' )+"&0)3' "#' M1-"#029' !$*0":3"&%"@*"#5-6'
5@@-15%2)&'5#3'@)-&@)%0"G)&' 5-)' 02$&'#)%)&&5-69EN'M$--)#0'M1-"#02"5#'&0$3")&' 25G)'C))#'
A)**' &$44)3'$@'C6'73A5-3'`354&'5#3'I5G"3'F1--)**\'
=2$&' 02)' 05&R' 1D'-)%1#&0-$%0"#.')5-*")&0' M2-"&0"5#"06' 50' M1-"#02' A"**' %1#0"#$)'"#'
3"G)-&)'A56&9'^2"*)'&14)'C-5#%2)&'1D'b)A'=)&054)#0' &%21*5-&2"@'456' )&%2)A'
2"&01-"%5*'-)%1#&0-$%0"1#999102)-&'A"**' %1#0"#$)'01'45R)'$&)'1D'02)'A"3)'-5#.)'1D'
5#%")#0')G"3)#%)' "#'1-3)-' 01'-)%1#&0-$%0' 5'&)00"#.'"#'5#%")#0' M1-"#02' A"02' A2"%2'
01' C)00)-'$#3)-&05#3' /5$*'5#3'02)'M1-"#02"5#&9999,#)'.)#)-5*'5-)5'"#'A2"%2' 02)-)'
31)&' &))4' 01' C)' 5' %1#G)-.)#%)' 1D' 1@"#"1#H' $#&$-@-"&"#.H'@)-25@&H' ."G)#' 02)'
.)#)-5*'%1**5@&)'1D'02)' "**$&"1#'0250'&%21*5-&2"@'%5#')G)-'C)'&"4@*6'1Cd)%0"G)'5#3'
3"&"#0)-)&0)3H' "&'"#'-)%1.#"["#.'02)'#))3'D1-'%-"0"%5*' 5#3'02)1-)0"%5*'-)D*)%0"1#H'1#'
02)'A56&'01'$&)' 5#3'"#0)-@-)0'5#%")#0')G"3)#%)' K!).."00PH'1#'02)'A56&'01')4@*16'
&1%"5*:&%")#0"D"%'-)&1$-%)&' KF1*4C)-.PH'5#3' 1#' 02)' "#0)-)&0&' 5#3' "3)1*1.")&' 0250'
&25@)'&%21*5-&2"@' K!5%I1#5*3P9EZ'
T#' 02)')5-*6'0A)#0")02'%)#0$-6H'02)'U)-45#'b='&%21*5-'`31*D'I)"&&45##'%54)'$@'A"02'5'
G")A'A2"%2'*50)-'%54)'01'C)'R#1A#' 5&'02)'B,*3'M1#&)#&$&B9'T0'2)*3'0250'02)'b='5$021-&'
C)*1#.)3' 01' 02)' *1A)-'%*5&&)&' 1D' 02)"-' &1%")06' 1#' 02)' C5&"&' 1D' 02)"-'$&)' 1D' 02)'G$*.5-'
N7(;,P' )+%)@0'/5$*H'A21&)' &1%"5*'&050$&'A5&'-502)-' 54C".$1$&9EO'=2"&'A5&' 021$.20'01'C)'
02)' %5&)' 5*&1' 1D' 02)' /5$*"#)' %1#.-).50"1#&H' "#%*$3"#.' 02)' M1-"#02"5#'%2$-%29' `'G)-6'
3"DD)-)#0'G")A'A5&' @$0' D1-A5-3'C6'73A"#' Y$3.)'A21'C)*")G)3'0250' BM2-"&0"5#"06'A5&'5'
41G)4)#0' &@1#&1-)3' C6' *1%5*' @50-1#&' 01'02)"-'&1%"5*'3)@)#3)#0&9BEf' U)-3'=2)"&&)#' 5#3'
^56#)' !))R&' A21' )#31-&)' Y$3.)Q&' D"#3"#.H' 5' @1&"0"1#' #1A' 3$CC)3' 5&' 02)' Bb)A'
M1#&)#&$&BH'25G)' 5*&1'5&&)-0)3'0250'02)'/5$*"#)'%144$#"0")&'%14@-"&)3'5'%-1&&:&)%0"1#'
1D' &1%")06H' "#%*$3"#.' &14)'D-14'02)'2".2)-'&0-5059'J5&)3' 1#' E'M1-9' E9LfH' 02)6' "#&"&0'1#'
02)' )+"&0)#%)' 1D'5DD*$)#0'.-1$@&' A"02"#' 02)'M1-"#02"5#'%144$#"0")&9Eg'Y12#' M21A'5*&1'
02"#R&' 0250' @50-1#5.)' @*56)3' 5' G"05*' -1*)' "#' 02)' M1-"#02"5#'%2$-%2H' &1' 0250' 02)' D)A'
, T
# `A#^A#I31'904!D$-8/6)! 6,*!<#)13516,! >$6*$)3#10! 1,!<()1,5#A! :!D(-1(T=135()1-6/! 6,*!+&$2$51-6/! D58*.!('!
S! <()1,5#16,3! STV#5R0")0%:#U'"334# ,==T?4#NA#, \
# `)1J24!<#)13516,15.9# \BSTA#, >
# `)(3C# 0"22J1%%4!768/A! :!D58*.! 1,!D(-16/! 6,*!I$/121(83! =135().# 5R(%)(%:#L())0'#[#M&(*G.&(%4# ,=BN?4#
B=S>,A#M00# -A#-A#]0GG"&&4!768/9! 7(W$)5.! 6,*!D8)W1W6/# 5X)"%E*'G.:#_[_# I31'94# ,==@?A#, N
# X A#`A#-*)G04# K_.0# X1'3F#I.'"2&"1%2#12#1#M+.(312&"+#I(JJ*%"&FK4!;I=#,#5,=NPSN,?4#\S,>4# ,B>STQ4#1&#@A#, Q
# _.0"220%4!"#$! D(-16/! D$551,29# QBS=BO#]00924!"#$! L1)35! M)N6,! <#)13516,39# >\SQTA#
>#
@1A)-D$*' @50-1#&' A21' @1&&)&&)3' 1$0&05#3"#.' &1%"5*' &050$&' 5#3' A)5*02' #10' 1#*6'
5&&1%"50)3'02)4&)*G)&' A"02' 102)-'@1A)-D$*'@)1@*)' "#'02)'%1*1#6'C$0'A)-)'5*&1'314"#5#0'
D".$-)&'A21'B02-1$.2'*5A&$"0&H'45--"5.)'1-'&1%"5*' D)**1A&2"@'A"02' 02)'@1A)-D$*'*)53)-&'
"#' 02)' %1*1#6H' %1#&05#0*6' &1$.20' 01' .5"#' 41-)H' "#%*$3"#.' @1&&)&&"1#&H' @1A)-' 5#3'
21#1$-9BEc'
=2)"&&)#Q&'A1-R'@-1G"3)&'G)-6'$&)D$*'"#&".20&'"#01'02)'&1%"5*'&"0$50"1#'1D'02)'M1-"#02"5#'
%2$-%2H')&@)%"5**6' "0&'%*5&&'4)4C)-&2"@' 5#3'02)'#50$-)' 1D'"0&'%1#D*"%0&9'Y12#' <%2$0[H' 02)'
)3"01-' 5#3' 0-5#&*501-' 1D' =2)"&&)#Q&' )&&56&H' 02"#R&' 0250' =2)"&&)#Q&' A1-R' "&' #10' 1#*6'
45-R)3'C6' BC1*3' 26@102)&"&BH' "0'"&'5*&1' BC5*5#%)3' A"02' )+).)0"%5*' "#&".20'5#3' @50")#%)'
,=#
D1-' 3)05"*B9' M*5-R)' %-"0"%"[)&' 02)' "4C5*5#%)' "#' /5$*"#)' &0$36' C)0A))#' 02)1*1."%5*'
@)-&@)%0"G)' 5#3' &1%"5*' 5@@-15%2\' B)"02)-' 02)6' 5-)' 011' #5--1A*6' %1#&0-$%0)3' 1#' 02)'
02)1*1."%5*' "3)5*&' 1D'02)' /5$*"#)'450)-"5*h'1-' 02)6' 5-)' 011'&0-1#.*6'3"%050)3'C6'413)-#'
&1%"5*' 02)1-6' A"021$0' 05R"#.' &$DD"%")#0'%1.#"[5#%)' 1D' 02)' &1%"1:2"&01-"%5*' %1#0)+09BLS'
=2"&' 02)&"&' A"**' 0-6' 01' R))@' 5'#)%)&&5-6' C5*5#%)' C)0A))#' &1%"5*' &0$36' 5#3' )+).)0"%5*'
"#&".209',#'02"&'@5-0"%$*5-'@1"#0H'Y$3.)Q&'%-"0"]$)'1D'F1*4C)-.Q&'A1-RH%6&)-% &;9% 67Q,0P%
"&'A1-02'#10"#.\'
T0' %1$@*)&' A"02'b)A'=)&054)#0' &0$3")&' 5'&0-1#.'534"+0$-)'1D'413)-#'&1%"1*1.6H'
5&' 021$.2' &1%"5*' 02)1-")&' %5#' C)' &5D)*6'0-5#&@1&)3' 5%-1&&'02)' %)#0$-")&' A"021$0'
G)-"D"%50"1#9'=2)' C5&"%']$)&0"1#' -)45"#&' $#5&R)3\' ^250' 5-)' 02)' &1%"5*' D5%0&'1D'
*"D)'%25-5%0)-"&0"%' 1D'02)' A1-*3' 01'A2"%2' 02)'b)A'=)&054)#0' C)*1#.&_' e#0"*' 02)'
@5"#&05R"#.'D")*3'A1-R' "&'C)00)-' 31#)H' 02)' "4@1-050"1#'1D'&1%"5*'413)*&' 0250'25G)'
C))#'3)D"#)3'"#'0)-4&' 1D'102)-'%$*0$-)&' "&'4)02131*1."%5**6'#1' "4@-1G)4)#0'1#'
02)' B"3)5*"&0"%' D5**5%6B' W1D' 02)' 02)1*1."5#&X9' ^)' 456' D5"-*6' %5**' "0' 02)'
B&1%"1*1."%5*'D5**5%6B9' E'
I.(74!765)(,62$9# ,NNA#, =
# -(.%#LA# M+.*&e#5&'1%2A?4!"#$!D(-16/! D$551,29# "%&'()*+&"(%A#B P
# I31'904!>$6*$)3#109# ,B=A#B ,
# -*)G04# K_.0#M(+"13#$)0%&"&F#(C#&.0#W"'2&#I.'"2&"1%24#`#f*02&"(%#(C#]0&.()#"%#c03"G"(*2#L"2&('FK4!;I=#,,#
5,=@P?4# BP,S,Q4# 1&# B,PA# ]('0(V0'4# -(.%#U1'+31F# .12# 132(# H("%&0)# (*&:# DM(+"(3(G"+13# 2&*)F# (C# /1*3K2#
+.*'+.02#2.(*3)#"%V02&"G1&0# %(&#g*2(+"13#2&1&*2#E*„(#2(+"13#"%&0'1+&"(%#1%)#2.(*3)#+0120# G0%0'13"e"%G#
1E(*&# K/1*3"%0# I.'"2&"1%2AKD# `E2&'1+&# (C# D_.02213(%"+1# 1%)# I('"%&.:# M(+"13# I(%&'12&# "%# /1*3"%0#
I.'"2&"1%"&FD4!;DC"!:/# 5,==B?4# \=SQ\A# _.0#+'*+"13#h*02&"(%# 200J2#(EV"(*2:#L(7#&(#J190#G(()#*20#(C#&.0#
2&*)"02#1%)#C"%)"%G2#(C#&.0#V1'"(*2#)"2+"H3"%02#+'"&"+133FA#
N#
=2"&' 02)&"&' 5DD"-4&'0250' 02)'M1-"#02"5#' %2$-%2'&"0$50"1#'"#'/5$*Q&' 356'A5&' "#'5'&050)'1D'
G)-6' &)-"1$&' %-"&"&H'C102'"#'4500)-&' 1D' D5"02' 5#3'%1#3$%09'`#3'1#)' 1D'02)'41&0' &)-"1$&'
%-"&)&'A5&'%*)5-*6'0250'1D'%2$-%2'B]$5--)*&B'KE'M1-9'E9EEPH'1-'Bd)5*1$&6'5#3'&0-"D)B'KN9NP9'
,02)-A"&)H'/5$*' A1$*3' #10'25G)' &"#.*)3'"0'1$0'50' 02)'G)-6'C)."##"#.'1D' E' M1-"#02"5#&9'
=2)'4500)-' C)%54)' 02)'41-)'&)-"1$&' 5#3' %14@*)+'A2)#'/5$*' 2"4&)*D' A5&'@)-&1#5**6'
%5$.20'"#'02)'%1#0-1G)-&69'=2)-)'A5&')G"3)#0*6'5'G)-6'1-.5#"[)3'5#3'D1-4"35C*)'D1-%)'"#'
M1-"#02' 0250' A5&' A1-R"#.' 5.5"#&0' /5$*' &1' 0250' 5'.-)50' 3)5*' 1D'02)' %1#0)#0' "#' 02)'0A1'
*)00)-&'A5&' "#0)-&@)-&)3' A"02' 2)50)3' @1*)4"%&'C)0A))#' 02)'5@1&0*)' 5#3'2"&'%-"0"%&9'=2"&'
02)&"&' 500)4@0&' 01' &21A' 0250' /5$*Q&' @1*)4"%&' A)-)' %1#3$%0)3' "#0)#0"1#5**6' 5#3'
%1#&"&0)#0*6'D-14'02)'@)-&@)%0"G)'1D'02)'%-1&&H'A2"%2'0$-#)3'1$0'01'C)'5'3-5&0"%'"#G)-&"1#'
1D'02)'%$--)#0'U-)%1:V145#'&1%"5*')021&9'
M*"DD1-3'U))-0['3)D"#)&'5'@)1@*)Q&' )021&' 5&'B02)'01#)H'%25-5%0)-H' 5#3']$5*"06'1D'02)"-'*"D)H'
"0&'41-5*' 5#3'5)&02)0"%' &06*)'5#3'4113':' 5#3'02)"-'A1-*3' G")A9999T#' -)*"."1$&'C)*")D'5#3'
@-5%0"%)'5'.-1$@Q&')021&' "&'-)#3)-)3' "#0)**)%0$5**6'-)5&1#5C*)' C6'C)"#.'&21A#'01'@-)&)#0'
5' A56' 1D' *"D)' "3)5**6' 535@0)3' 01' 02)' 5%0$5*' &050)' 1D' 5DD5"-&'02)' A1-*3:G")A' 3)&%-"C)&H'
A2"*)' 02)' A1-*3:G")A' "&' -)#3)-)3' )410"1#5**6'%1#G"#%"#.' C6' C)"#.' @-)&)#0)3' 5&' 5#'
"45.)'1D'5#'5%0$5*'&050)'1D'5DD5"-&'@)%$*"5-*6'A)**' 5--5#.)3'01'5%%1441350)' &$%2'5'A56'
1D' * " D) 9 B L L'
J-$%)'!5*"#5')#31-&)&'U))-0[Q&' D"#3"#.' 5#3'&$..)&0&'0250' &1%"5*')021&' "&'B5' &6&0)4'1D'
&64C1*&' A2"%2' 5%0&' 01' )&05C*"&2' @1A)-D$*H' @)-G5&"G)H' 5#3' *1#.:*5&0"#.'4113&' 5#3'
410"G50"1#&' "#' @)1@*)H' D1-4$*50"#.' %1#%)@0"1#&' 1D' G5*$):1Cd)%0&H' 5#3' %*102"#.' 02)&)'
%1#%)@0"1#&' A"02' &$%2' 5#' 5$-5' 1D' D5%0$5*"06' 0250' 02)' 4113&' 5#3' 410"G50"1#&' 5-)'
I3"CC(')#a00'&e4# Kc03"G"(%#12#1#I*3&*'0#MF2&0JK4#"%#]"+.103#U1%&H%#50)A?4!:,5#)(0(/(21-6/! :00)(6-#$3!
5(!5#$!D58*.! ('!I$/121(,# 5R(%)(%:#_1V"2&(+9#/*E3"+1&"(%24# ,=NN?4#,S\N4#1&#TA#
Q#
@)-%)"G)3' 01' C)' $#"]$)*6' -)5*"&0"%9B' !5*"#5Q&' %1#%)@0' 1D' &1%"5*' )021&' 2)*@&' "#'
$#3)-&05#3"#.' 02)'M1-"#02"5#'%1#0)+0'5#3'&14)'1D'02)'C5&"%'@-1C*)4&' 1D'02)'M1-"#02"5#'
%2$-%29' =2"&' 02)&"&' A"**' 0-6'01' -)53' 02)' M1-"#02"5#'%1--)&@1#3)#%)' "#' 02)' -".20' &1%"5*'
%1#0)+0' 01' &))' " D'02)'M1-"#02"5#'%-"&)&'A)-)' 5%0$5**6'*"#R)3' 01'02)' U-)%1:V145#' &1%"5*'
)021&' A"02' A2"%2' 02)' M1-"#02"5#&' 253' C))#' C-1$.20' $@H' )&@)%"5**6' "#' -).5-3' 01' 02)'
&1%")06Q&' @)-%)@0"1#'5C1$0'21#1$-H'&050$&H'@-)&0".)H' 5#3'@1A)-H'5#3'A"02' "0&')4@25&"&'1#'
2$45#' BA"&314B'5#3' B)*1]$)#%)B' A2"%2' D1$#3'02)"-' %1#%-)0)' )+@-)&&"1#' "#'U-)%1:
V145#'-2)01-"%9' 26'A5&'B02)'4)&&5.)'1D'02)'%-1&&B' &$%2'BD11*"&2#)&&'01'U)#0"*)&B'5#3'
B5'&0$4C*"#.'C*1%R'01'Y)A&B'KE9LNP_'^5&'02)'M1-"#02"5#&Q'@-)1%%$@50"1#'A"02'BA"&314B'
5#3' B)*1]$)#%)B' *5-.)*6' -)&@1#&"C*)' D1-' 02)"-' 5@@5-)#0' D5"*$-)' 01' $#3)-&05#3' B02)'
4)&&5.)'1D'02)'%-1&&B'5#3'"0&'"4@*"%50"1#&'D1-'02)"-'*"D)'5#3'A"0#)&&_'
F1--)**' C)*")G)&' 0250' 02)'M1-"#02"5#'%1--)&@1#3)#%)' B#10'1#*6'1DD)-&'-"%2'450)-"5*'D1-'5'
&0$36'1D'02)' &1%"5*')021&'1D')5-*6'M2-"&0"5#'0)5%2"#.H'C$0' 5*&1':' 5#3'02"&'"&' "4@1-05#0'"#'
02)' *".20' 1D'U"33)#&Q' A1-R' :' )#5C*)&' 5' D1%$&'1#'5'&@)%"D"%'%144$#"06'5#3' 1#'%25#.)'
1G)-'0"4)B9L Z'
<0)@2)#'M2)&0)-'02"#R&'0250'50'*)5&0'"#'0)-4&'1D'&1%"5*'&)00"#.H'02)'&0$36'1D'02)'M1-"#02"5#'
%1--)&@1#3)#%)' %5#'C)'41-)'@-)%"&)' 025#'102)-'/5$*"#)'31%$4)#0&\' B0250'02)'M1-"#02"5#'
%1--)&@1#3)#%)' A5&'&)#0'C6'/5$*'01'02)'%2$-%2'50'M1-"#02'3$-"#.'02)'&"+02'3)%53)'1D'02)'
D"-&0' %)#0$-6' )#5C*)&' $&' 01' &"0$50)' 02)' M1-"#02"5#'$#3)-&05#3"#.' 1D' %1#G)-&"1#' 41-)'
@-)%"&)*6' A"02"#' 02)'A"3)-'%1#0)+0'1D'02)'U-5)%1:V145#' %$*0$-)'025#' A1$*3' 102)-A"&)'
B T
# U'*+0# -A# ]13"%14! "#$! C$J! "$356F$,5! ?()/*A! O,312#53! ')(F! <8/58)6/! :,5#)(0(/(2.# 5R(*"2V"330:#
Z02&J"%2&0'Y# -(.%#b%(!#/'0224# ,==T?4# BTA# M00# 132(# a00'&e4! "#$!O,5$)0)$5651(,! ('! <8/58)$3A! D$/$-5$*!
+336.3# 5R(%)(%:#W(%&1%14#,==T?A#B \
# L(''0334! "#$!D(-16/! +5#(39# \A#
C)' @1&&"C*)H' )&@)%"5**6' ."G)#' 02)' -"%2' 5-%25)1*1."%5*' -)%1-3' 5G5"*5C*)' D1-'D"-&0:%)#0$-6'
B>#
M1-"#02'5#3'"0&')#G"-1#&B'KE9Z9EP9'
T0' "&' A"02' 02"&' -)%1.#"0"1#' 1D' 02)' "4@1-05#%)' 1D' 02)' &1%"5*' &)00"#.' 1D'M1-"#02'0250' 02"&'
02)&"&' A"**' 5**1%50)'41-)' 025#' 25*D' 1D'"0&'%1#0)#0&' 01'2"&01-"%1:&1%"5*'&0$3")&'1D'%1#0)+0H'
-)&$*0"#.'"#'5'%1#&"&0)#0' @500)-#' "#'5**'02)'02-))'@5-0&'1D'02)'02)&"&9'=250'"&H')G)-6'@5-0' A"**'
C)."#' A"02' 2"&01-"%1:&1%"5*' C5%R.-1$#3' &0$3")&' C)D1-)' 02)' )+).)&"&' 1D' 02)' -)*)G5#0'
M1-"#02"5#' 0)+0&9'
BA#I'*+"C"!"(%#1%)#&.0#J0221G0#(C#&.0#+'(22#"%#."2&('"+(S2(+"13# H0'2H0+&"V0#
=2)' &1%"5*' @)-&@)%0"G)' 1D' 02"&' 02)&"&' "&' "#3)C0)3' 01' 02)' D"#3"#.&'5#3' "#&".20&' 1D'&14)'
413)-#' &%21*5-&'"#'M1-"#02"5#'&0$3")&9Lf' F1A)G)-H'02"&'02)&"&' A"**' 0-6'01'R))@'5'C5*5#%)'
C)0A))#' 2"&01-"%1:&1%"5*' &0$3")&' 5#3' )+).)&"&' 1D' 02)' -)*)G5#0' M1-"#02"5#' 0)+0&' A2"%2'
05R)&'02)'D"#3"#.&'5#3'"#&".20&'1D'2"&01-"%1:&1%"5*'&0$3")&'5&' "0&'%1#0)+09'
T#' 02)' 2"&01-"%1:&1%"5*' &0$36' 1D' %-$%"D"+"1#' "#' 5#0"]$"06H' 02"&' 02)&"&' A"&2)&' 01'
5%R#1A*)3.)' "#'@5-0"%$*5-'!5-0"#' F)#.)*Q&' A1-R' A2"%2' &)-G)&'5&' 5'G)-6'$&)D$*'*)53' 01'
02"&' 02)&"&Q' 1A#' &)5-%2' 1D' @-"45-6' &1$-%)&' 1#' 02)' &$Cd)%09' =2)' %1441#' @-5%0"%)' 1D'
%-$%"D"+"1#' 5&' 5' D1-4' 1D'%5@"05*' @$#"&24)#0' "#'02)' 5#%")#0' A1-*3' 25&' %5$&)3'F)#.)*' 01'
&050)'0250' B"0'"&'%-$%"D"+"1#' 0250' 3"&0"#.$"&2)&' 02)' #)A'4)&&5.)'D-14'46021*1.")&'1D'5**'
102)-' @)1@*)&B' 5#3' 0250' B02)' 3)502' 1D' Y)&$&' C6' %-$%"D"+"1#' A5&' 1#)' 1D' 02)' 45"#'
B >
# MA# -A# I.02&0'4! <(,W$)31(,! 65! <()1,5#A! 7$)30$-51W$3! (,! <(,W$)31(,! 1,! 768/G3! "#$(/(2.! 6,*! 5#$!
<()1,5#16,! <#8)-## 5R(%)(%:#_#[#_#I31'94#BPPT?4# TBA#B N
# bA# ]A#I(30J1%4# KW1&13# I.1'1)02:#c(J1%#X!0+*&"(%2# M&1G0)# 12# ]F&.(3(G"+13# X%1+&J0%&2K4! ;ID# @P#
5,==P?4# \\SQTA# c1FJ(%)#/"+90&&4! "#$!<)(33! 1,! <()1,5#A! "#$!D(-16/! D12,1'1-6,-$! ('! 5#$!4$65#! ('! ;$383!
5M.0CC"03):# M.0CC"03)# `+1)0J"+# /'0224# ,==Q?A# ]"+.103# a('J1%4! <)8-1'()F15.A! 768/G3! C6))651W$!
D01)1586/15.! ('! 5#$! <)(33# 5a'1%)# c1H")2:#Z"33"1J#UA#X0')J1%24#BPP,?A# `30!1%)'1#cA#U'(7%4!"#$! <)(33!
6,*! =8F6,! ")6,3'()F651(,A# /1*3K2# `H(+13FH&"+#Z(')# "%# ,#I('"%&."1%2# 5]"%%01H(3"2:# W('&'022#/'0224#
,==>?A# _A# UA# M1V1G04! 7(J$)! "#)(82#! ?$6@,$33A! :! =135()1-6/! 6,*! +&$2$51-6/! +&6F1,651(,! ('! 768/G3!
M,*$)356,*1,2! ('! 5#$!<#)13516,! P1,135).! 1,!R!<()1,5#16,3# 5I1JE'")G0:#I</4# ,==N?A#
=#
1Cd)%0"1#&'5.5"#&0' 2"&'C)"#.'02)' &1#'1D'U13B9' F)#.)*' &$445-"[)&' "0'G)-6'@)-%)@0"G)*6\'
B02)' -)5&1#'A26' "#'2"&' *)00)-&' 2)' W/5$*X'05*R&' 5C1$0' 02)' %-1&&'5C1G)'5**'"#'5'@1*)4"%5*'
%1#0)+0' "&' 0250' 2)' 3)*"C)-50)*6' A5#0&' 01' @-1G1R)' 2"&' 1@@1#)#0&H' A21' 5-)' 500)4@0"#.' 01'
A50)-'31A#'02)'1DD)#%)'%5$&)3'C6'02)'%-1&&9'=2$&' "#'5'A56'02)' QA1-3'1D'02)'%-1&&Q' "&'02)'
&@)5-2)53'1D'2"&'4)&&5.)9BLc'T#'&14)'5#%")#0'A-"0"#.&'02)'A1-3'B453#)&&B'K#1151%PH'A5&'
5*&1'$&)3'C6'Y$&0"#'!5-06-' L a' 5#3'&14)'@5.5#'5$021-&H' 01'3)&%-"C)' 02)'M2-"&0"5#'4)&&5.)'
5C1$0' 02)' %-1&&H'C)&"3)&' 02)' A1-3' BD1**6B' Ki%1@05P9NS'^2"*)' "#3)C0)3' 01'F)#.)*Q&'$&)D$*'
*)53' 1#'02)' &$Cd)%0' 02"&'02)&"&'A"**' 3)@)#3' *5-.)*6'1#'@-"45-6'&1$-%)&'1#'%-$%"D"+"1#'"#'
5#0"]$"06'5#3'A"* *' D1%$&'1#'"0&'45"#'D)50$-)&H')&@)%"5**6' "0&'BC136' *5#.$5.)B9'
j5026'M1*)45#'0-")&'01'*"#R' 5#%")#0'A-"0"#.&'1#'%-$%"D"+"1#'A"02'&14)'413)-#' &%21*5-&Q'
G")A&'1#')+)%$0"1#' 5#3'@$#"&24)#0' "#'02)'V145#'A1-*39'M1*)45#'5.-))&'A"02'F5-3"#.'
5#3' T-)*5#3'0250' B02)' 2"&01-6'1D'@$#"&24)#0' "&'#10'&))#'5&' 5'%2-1#1*1."%5*' 3)G)*1@4)#0'
D-14' Q@-"4"0"G)Q' 01' Q%"G"*"[)3Q' C$0'-502)-' 5&' 5'%1#&05#0*6' 53d$&0"#.'C5*5#%)'1D' 0)%2#"]$)&'
1D' &1%"5*'%1#0-1*'3)0)-4"#)3'C6'02)'@26&"%5*'-)&1$-%)&H'41-5*'C5&"&H'5#3'C)*")D' &6&0)4'1D'
5#6' ."G)#' &1%")06B9' =2"&' 02)&"&' )#31-&)&' M1*)45#Q&' @1"#0' 0250' B@)#5*0")&' 1D'
3).-5350"1#BH' A2"%2' &14)0"4)&' )#05"*)3' 5' @$C*"%' &@)%05%*)' 1D' @$#"&24)#0H' A)-)' 5'
B@)-G5&"G)' @)#5*' @-5%0"%)B' "#' 02)' 5#%")#0' A1-*39' N L' !1-)1G)-H' 02)' )+)%$0"1#' 1D'
%-$%"D"+"1#' 5&' 5' B@$C*"%' &@)%05%*)' 1D' @$#"&24)#0B' 5*&1' 453)' "0&' BC136' *5#.$5.)B'
@5-0"%$*5-*6'@1A)-D$*'5#3')DD)%0"G)9'
M1#&)]$)#0*6H' 02"&'02)&"&' A"**' 0-6'01'&21A' 0250' 5'2$45#' @)-&1#' %1$*3'#10'25G)'&$DD)-)3'
5#6'.-)50)-'@5"#H'5.1#6' 5#3' 2$4"*"50"1#' 025#' C)"#.'@$C*"%*6' @$0'1#' 02)'%-1&&H'5#3']$"0)'
B Q
# ]A#L0%G034! <)8-1'1&1(,! 1,!5#$!:,-1$,5! ?()/*! 6,*! 5#$!L(//.! ('! 5#$! P$3362$! ('!5#$! <)(33# 5/."31)03H."1#
/`:# W('&'022#/'0224# ,=QQ?4# ,A#B @
# L0%G034! <)8-1'1&1(,9# @=A#B =
# -*2&"%4!:0(/K# ,A,TA\A#T P
# /3"%F4!+0K#,PA=NA\S@O#L('1+04!D65K#BATAQ=O#_1+"&*24!:,,K# ,>A\\ATA#T ,
# I(30J1%4#KW1&13#I.1'1)02K4#\>A#T B
# I(30J1%4#KW1&13#I.1'1)02K4#\>A#
,P#
1D0)#' "#'%14@*)0)' #5R)3#)&&9'=2)' @$C*"%'#50$-)' 1D'V145#' )+)%$0"1#' &))4)3' 01' 25G)'
C))#'3)&".#)3' 01'5*")#50)'02)'G"%0"4'D-14'2"&')#0"-)'&1%"5*'%1#0)+0H'&1'0250'02)' &@)%0501-&H'
-).5-3*)&&' 1D'%*5&&H' A)-)'$#"0)3'"#'5'D))*"#.'1D'41-5*'&$@)-"1-"06'5&' 02)6' -"3"%$*)3'2"4H'
5&'A5&'5*&1' 02)'%5&)'A"02'Y)&$&9'=1'5%2")G)' &$%2' 5'3)&"-)3'.15*'"#'V145#'&1%")06H'B02)'
41%R)-6' 1D' 5' %1#3)4#)3' @)-&1#' A5&' &14)0"4)&' @)-D1-4)3'&@1#05#)1$&*6' C6' @5-0")&'
102)-' 025#' 02)' *).5*' 53d$3"%501-&9' =2)' C)&0:R#1A#' )+54@*)' D-14' 1$-' @)-"13' "&' 02)'
&1*3")-&Q'41%R)-6'1D'Y)&$&99902)'2$4"*"50"1#'1D'02)'1DD)#3)-'&))4&'01'C)'5#'"#0).-5*'@5-0'
1D' 02)'@$#"&24)#0H'5#3'"0'"&'1CG"1$&'0250'02"&'D)50$-)'"&'.1"#.'01'C$*R' *5-.)'"#'02)'%1#0)+0'
1D' )+)%$0"1#&' @)-D1-4)3'"#'02)'%1$-&)' 1D'&@)%05%$*5-' )#5%04)#0&' "#'02)'5-)#59B' /5$*Q&'
B4)&&5.)'1D'02)'%-1&&B' 5#3'"0&'BD11*"&2#)&&B'A"**' C)'G")A)3'D-14'02"&'@)-&@)%0"G)9'=2)'
"#]$"-6' 1#' 02)' &$Cd)%0' A"**' 5*&1' 0-6'01' D"#3' 1$0' "DH'5#3' 01'A250')+0)#0H' 02)')+)%$0"1#'1D'
%-$%"D"+"1#'A5&'"#&)@5-5C*)' D-14'02)'G)-6'-"."3'&1%"5*'%*5&&'3"&0"#%0"1#' "#'V145#'&1%")069'
M1*)45#')#31-&)&'/)0)-'U5-#&)6Q&' D"#3"#.'5#3'21*3&'0250'B5'%-$%"5*'D5%01-'"#'02)'V145#'
@)#5*' &6&0)4' A5&' 02)' )G1*$0"1#' 1D' 3"DD)-)#0"50)3'@)#5*0")&' D1-'1DD)#3)-&'1D'3"DD)-)#0'
&050$&\% 1):(-(70,*% &;9% 17;,*#(70,*$' =2"&' "&' 5' @2)#14)#1#' 0250' "&' %25-5%0)-"&0"%' 1D'
&1%")0")&' A"02' 5'&0-1#.*6'3"DD)-)#0"50)3'%*5&&:' 1-'%5&0):&6&0)4H' 5#3' "0'D1**1A&'0250H'A2)#'
02)'$@@)-'%*5&&)&'5-)' )]$50)3' A"02' 0-$)'2$45#"06H'02)'*1A)-'%*5&&)&'5-)' &$C:2$45#' 5#3'
02)-)D1-)' *)."0"450)*6'*"5C*)'01' %-$)*' 0-)504)#09BNZ' T0'A5&' 5*&1' D1-'02"&' -)5&1#' 0250' 02)'
V145#'%"0"[)#&'A)-)'@5-0"%$*5-*6'21--"D")3'C6'5#6'500)4@0'01'25G)'5#6'1D'02)"-'4)4C)-&'
%-$%"D")39'
`&' 02)'45"#'%1#%)-#'1D'02"&'02)&"&' "&'A"02'BC136'*5#.$5.)BH' )DD1-0&'A"**' C)'453)'01'&21A'
0250'A250'25@@)#)3' 50'02)'&%)#)'1D'%-$%"D"+"1#'A)-)'#10'd$&0')G)#0&' 5#3'5%0"1#&'C$0'5*&1'
5' 3)41#&0-50"1#' 1D' 02)' @1A)-' 5#3' "4@5%0' 1D' C136' *5#.$5.)' A2"%2' A5&' G"G"3*6' 5#3'
.-5@2"%5**6'%1#G)6)3'02-1$.2'02)'&$DD)-"#.'G"%0"4'A"02'&)-"1$&'&1%"5*'"4@*"%50"1#&9'
T T
# I(30J1%4#KW1&13#I.1'1)02K4#\QA#T \
# I(30J1%4# KW1&13#I.1'1)02K4# >>A#M00#/A#a1'%20F4!D(-16/! D56583! 6,*!>$26/! 7)1W1/$2$! 1,!5#$!I(F6,! +F01)$!
5;!C('):#;</4# ,=QP?A#
,,#
V5641#3' /"%R)00Q&' &1%"1*1."%5*'5#5*6&"&' 1D' 02)' M1-"#02"5#'&"0$50"1#' "#' U-)%1:V145#'
%1#0)+0' "&'.)#)-5**6'5%%$-50)H' 5#3'2)'25&' *5-.)*6'&$%%))3)3'"#'@$00"#.'02)'U-)%1:V145#'
5#3' M2-"&0"5#' &1%"1:)02"%5*' G5*$)&' "#' G)-6' %*)5-' 5#3' &0-1#.' %1#0-5&09NO' =2"&' 2)*@&' 01'
)+@*5"#' 02)'46&0)-6'1D'02)'%-1&&'1D'M2-"&0'"#'@5-531+"%5*'5#3'3"5*)%0"%5*'0)-4&9'/"%R)00Q&'
$&)' 1D'02)'%-1&&'5&'B&64C1*B'"&'G)-6'&R"*D$*9'=2)'%-1&&'"&'"#3))3'5'G)-6'@1A)-D$*'&64C1*9'
F1A)G)-H'"0'4$&0'C)'C1-#)'"#'4"#3' 0250'D1-'/5$*'"0'A5&'02)'2"&01-"%5*')G)#0'5#3'-)5*"06'1D'
02)'%-1&&'1D'M2-"&0'0250'.5G)'0-$)'4)5#"#.'01'02)'B&64C1*B9'
!"%25)*' U1-45#' A21' 25&' %1"#)3' 02)' 0)-4' B%-$%"D1-4"06B' "#' 2"&' C11R' 21*3&' 0250'
B%1#D1-4"06' 01' 02)' %-$%"D")3' M2-"&0B' "&' B%)#0-5*' 01' /5$*Q&' 02)1*1.6' 5#3' )02"%&B9'
U1-45#Q&' @-"45-6'%1#%)-#' "&'02)' B)+@)-")#%)B' 1D'02)'M2-"&0"5#\'B02)'@$-@1&)' 1D'/5$*Q&'
*)00)-&' .)#)-5**6999"&'#10'01'0)5%2' 02)1*1.6'C$0'01'41$*3'C)25G"1$-H' 01' 5DD"-4'1-':'41-)'
1D0)#' :' 01' 5*0)-'@500)-#&' 1D' *"G"#.H' @500)-#&' 1D')+@)-")#%)9' =2)' @$-@1&)' 1D'2"&' *)00)-&H'"#'
102)-'A1-3&H'"&'@5&01-5*'1-'&@"-"0$5*'C)D1-)'"0'"&'02)1*1."%5*9999T0' "&'5@@-1@-"50)H'02)-)D1-)H'
01' %1#&"3)-' /5$*' D"-&0' 5#3' D1-)41&0' 5&' 5' @5&01-5*' 1-' &@"-"0$5*'A-"0)-H' -502)-' 025#' 5&' 5'
02)1*1."5#' K1-')02"%"&0P9BNg'=2"&'02)&"&' "&' "#%*"#)3' 01'02"#R' 0250'/5$*' 2"4&)*D' A1$*3'41&0'
@-1C5C*6' 1Cd)%0' 01' &$%2' 1#):&"3)3' 02"#R"#.H' &"#%)' M2-"&0"5#' *"D)' 5#3' @-5%0"%)' %1$*3'
25-3*6' C)' 5-0"D"%"5**6' &)@5-50)3' D-14' &1$#3' 0)5%2"#.' 1-' 02)1*1.69'=2)'b)A' =)&054)#0'
%*)5-*6'&21A&' 0250'A-1#.'M2-"&0"5#'C)25G"1$-'1-'@-5%0"%)'A5&'1D0)#'02)'3"-)%0'1-'"#3"-)%0'
-)&$*0'1D'A-1#.'0)5%2"#.'1-'02)1*1.69'
="41026' <5G5.)' 25&' -".20*6' #10)3' 0250' 50' 02)' G)-6' %1-)' 1D' /5$*Q&' @1&"0"1#' "#' L'
M1-"#02"5#&' *")&'5#' "4@1-05#0'@5-531+H' B5'@5-531+' A2"%2' D"#3&')+@-)&&"1#' "#'5'#$4C)-'
/"+90&&4!"#$! <)(33K!
a('J1%4!<)8-1'()F15.9# \A#
a('J1%4!<)8-1'()F15.9# \A#
,B#
!"# $%""&'&()#*()%)+&,&,#*($#-+%.+#$'%/&,# )!#)+&#/&'0#+&*')# !"#-+*)#%)#1&*(,#)!#2*34# )!#5&#
*#1%(%,)&'#!"#6+'%,)789:#
!"# $%&#'(&)*+,-.&(/'#-0#1(&,-23-456#(%&7-(*,8#+&902:(&+&6757*-6#56)#45+,;9*6*7/#
;4)+!3<+# 7-%,$!17#-*,# *# /&'0# %1=!')*()# %,,3&# %(# 5!)+# >'&.!?@!1*(# *($# A&-%,+#
)'*$%)%!(,B# %)#%,# 5&0!($# )+&# ,.!=&#!"#)+%,# )+&,%,8# ;($#-+%4&# )+&# 7-%,$!17#%,,3&#.4&*'40#
!..3=%&$# *# /&'0# ='!1%(&()# =4*.&# %(# )+&# 6!'%()+%*(# =!4&1%.,B# *,# -*,# )+&# .*,&# %(# C#
6!'%()+%*(,# C?DB# $%,.3,,%!(# !(#)+&# %,,3&#%(#)+%,#)+&,%,#-%4 4# 5&#.!("%(&$#)!#)+&#.!()&E)#!"#
2*34F,#71&,,*<&#!"#)+&#.'!,,78#G+%,#%,#5&.*3,&B#%(#)+&# "%(*4# *(*40,%,B#2*34F,#%()&'&,)# -*,#
.4&*'40# (!)# %(#)+,3*4#-%,$!1!"#$%&'()*+,# *,# ,3.+B# 53)# '*)+&'# %(#)+&! -$.+,")/()*+,# !"#
$%/%(&#-%,$!1#%(#*($# )+'!3<+#)+&#.'!,,#!"#6+'%,)8#H!'&!/&'B#%)#-%44# *4,!#5&# ,+!-(# )+*)#
13.+#%(#4%(&#-%)+#2*34F,#%(/&',%!(#,)'*)&<0B# +31*(#-%,$!1#*($#$%/%(&#-%,$!1#-&'&#=3)#
%(# )+&#,+*'=&,)#=!,,%54&#.!()'*,)# %(#)+!'%()+%*(#=!4&1%.,8#
G+&#"!44!-%(<#-!'$,#%(#)+!'%()+%*(#.!''&,=!($&(.&#.!(/&0# *#/&'0#,%1=45)#.'3.%*4#
=!%()B# %8&8B# )+&# '&4&/*(.&# *($# %1=!')*(.&# !"#'+&)!'%.# %(#)+&# 6!'%()+%*(#=!4&1%.,I# C#6!'8#
C8CJK# C8DLK#D8C?MK#D#6!'8# CL8CL8#
N!'# *5!3)# )-!# !'# )+'&&# $&.*$&,# (!-# >'&.!?@!1*(# '+&)!'%.# +*,# 5&&(# <&(&'*440#
'&.!<(%O&$# *,# *(# &,,&()%*4# P&0# )!# )+&# 3($&',)*($%(<# !"# )+&# %()'%<3%(<# %,,3&,# %(# )+&#
6!'%()+%*(# 4&))&',B# &,=&.%*440# %(# C#6!'%()+%*(,# C?M8# G+%,# +*,# 5&&(# .4&*'40# ,+!-(# %(# )+&#
-!'P,#!"#,!1!$&'(# ,.+!4*',89Q#
!<#=5.5>&8!"#$%&'# *67(-);,7*-6"#! ?
# =&@-."#AA"#
A!#
R)&=+&(# 2!<!4!""# *))&1=),# *#"'&,+#'&*$%(<#!"# C#6!'8# C?M# *($#,)'&,,&,#)+&# %1=!')*(.&#!"#
)+&# 7'&$%,.!/&'0# !"# *($# '&(&-&$# *=='&.%*)%!(# "!'#*(.%&()# '+&)!'%.78ML#G+&# '&$%,.!/&'0#
(!-# .4&*'40#,+!-,# )+*)# '+&)!'%.#*""&.)&$#/%')3*440# *44#>'&.!?@!1*(# .34)3'&#*($#1*(0#
*,=&.),#!"#,!.%&)08#
S(# T3*(&# U%)"%(F,# /%&-B# )+&#'&*,!(#-+0#)+!'%()+%*(,#-&'&#(!)# %1='&,,&$# 50#2*34F,#
=354%.#,=&*P%(<#-*,#5&.*3,+&#.*1&#"*'#,+!')#!"#)+&#=!4%,+#*($#,!=+%,)%.*)%!(#%(#-!'$#
.+!%.&B# %(#$%.)%!(B# %(#/!%.&B#=+0,%.*4#.+*'1# *($# ,&4"?=!,,&,,%!(# )+*)#-*,# %($%,=&(,*54&#
)!# %1='&,,# *($# 1!/&# *# >'&.!?@!1*(# .'!-$87MC# V'3.&#W%()&'# =!%(),# !3)# )+*)# 2*34F,#
4&))&',# )!# 6!'%()+# .!()*%(# &/%$&(.&# !(# )+&# "%',)?.&()3'0# ,!=+%,)%.# 1!/&1&()8# W%()&'#
,3<<&,),#)+*)#)+&#*=!,)4&F,#4*(<3*<&#-*,#&,,&()%*440#7*()%?,!=+%,)%.87MD#
R)3$%&,# !(#>'&.!?@!1*(# '+&)!'%.#%(#)+%,# ,)3$0# -%44# ,&&P#)!#$&1!(,)'*)&# )+*)# )+&#*')#!"#
'+&)!'%.*4# )'*%(%(<# *($# ='*.)%.&# -*,# *# /&'0# &,,&()%*4# =*')# !"# *(.%&()# >'&.!?@!1*(#
&$3.*)%!(# "!'#1*4&,8# T&)*%4&$#%(,)'3.)%!(,#*5!3)# '+&)!'%.B#&,=&.%*440# %),#$&4%/&'0#-+%.+#
%(/!4/&$# )+&#-+!4&#+31*(#5!$0#X4%)&'*440# "'!1# F+&*$# )!#)!&FYB#-&'&#'&=&*)&$40# <%/&(# %(#
)+&# "!44!-%(<#-'%)%(<,I# ;'%,)!)4&! 01$!(/)$! 23$)+/*%(45# 6%.&'!!01$!6/()+/$45# Z3%()%4%*(#
07,")*)*)*+! 6/()+/*+45# *($# *# -!'P# 50# *(# 3(P(!-(#*3)+!'# 5&4%&/&$# *# .!()&1=!'*'0#!"#
6%.&'!!023$)+/*%(! (-! 8$/$,,*&.49!
64!,&40#.!((&.)&$#-%)+# )+&#,35[&.)#!"#'+&)!'%.#-*,#.4&*'40#)+&#.!(.&'(#"!'#1*,.34%(%)0#%(#
)+&#>'&.!?@!1*(# ,!.%&)08# \&'&# )+&# .!()'%53)%!(,#!"#,.+!4*',# ,3.+# *,# H*3$# >4&*,!(B#
A&((%"&'#U*',!(B#*($#A&((%"&'#>4*(.0#*'&# $340# *.P(!-4&$<&$#%(#)+%,#)+&,%,8M9# S)#-%44# )'0#
B C
# D->-9-008!(#)#*'# !"#B A
# E*70*68!"&#+,-.-/0#1'# AFG"#B G
# H"#I"#I*67&(8!"20,#! -13!"-4,! -.#1)! /2%!5#620*/*# JK54@(*)>&L#KMD8# A??NO8#AB<"#B !
# P"#I"#19&5+-68!7-801)! 7%19!5#620*/*! -13! 5%,:;"&%*%1/-/0#1! 01!<1+0%1/! =#.%# JD(*6,&7-6L#D(*6,&7-6#
M6*.&(+*7/# D(&++8# A??QO"# R&66*0&(#E5(+-68# SD5;9S+#P5+,;9*6*7/S8!>?(# AG!TA# JGCCBO8# <Q2?N"# R"#U"#1956,/8#
SH-5+7*6>#-0#H&57*6>+#JG#K-("# AALG!2GQOS8!>?(#AG!TA# JGCCBO8# ??2A!Q"#
AB#
)!# "%($# !3)# % "#2*34F,# =+0,%.*4# 3(*))'*.)%/&(&,,B# %(.43$%(<# )+&# =!,,%5%4%)0# !"#*#=+0,%.*4#
$%,*5%4%)0#!'#+*($%.*=B#-*,#)+*%(#'&*,!(# "!'#)+!'%()+%*(,F# 4!-#&,)&&1#!"#+%1#*($#
='&[3$%.&,#*<*%(,)# +%18#\*$#)+&#>'&.!?@!1*(#.!(.&=)#!"#1*,.34%(%)0#*(0#$%'&.)#5&*'%(<#
!(#*#1*(F,#*3)+!'%)0#%(#,!.%&)0B# %(.43$%(<# )+&#*=!,)!4%.#*3)+!'%)0#!"#2*34]#\!-#.'3.%*4#
-*,#)+%,#%(#)+!'%()+%*(#.!()'!/&',0]#
>4&*,!(F,# 5!!PB!:(;*,<! :$,5# *%1,#7)!#'&"!.3,#!3'#*))&()%!(#!(#)+&#,!.%*4#$0(*1%.,#!"#
'+&)!'%.#*,# *(#%(,)'31&()#!"#,&4"?='&,&()*)%!(B#*($#%(#)+&#='!.&,,#'&"%(&#!3'#*=='&.%*)%!(#
!"#)+&#"3(.)%!(*4#*&,)+&)%.,#!"#*#='!"!3($40#)'*$%)%!(*4#=&'"!'1*(.&# <&('&87MM#
@+&)!'%.*4# )'*%(%(<#%(#)+&#>'&.!?@!1*(#,!.%&)0#-*,#*#(&.&,,*'0#='!.&,,#)+'!3<+#-+%.+#
)+==&'?.4*,,# 1&(#-&'G*$&78# S(#)+&# &($B#&$3.*)%!(# X13R&)*YB# "!'#5!)+#>'&&P#*($#
@!1*(# <&()4&1&(B# +*$# 5&.!1&# *# 1!,)# /*43*54&# "!'1# !"# .*=%)*4# %(/&,)1&()8# >'&.!?
@!1*(#'+&)!'%.#-*,#*(#!(<!%(<#4%"&?4!(<#='!.&,,#*($#$%,.%=4%(&#%(#*#,!.%&)0#-+%.+#-*,#
13.+# ='&!..3=%&$# -%)+# 1*4&# ,!.%*4%O*)%!(#*($# %(#-+%.+# <&($&'# %$&()%)0B# ,!.%*4# ,)*)3,B#
*($#1&(F,#,&4"?&,)&&1#-&'&#*44#%()&'.!((&.)&$8#
U*',!(# =!%(),#!3)#)+*)# 7"!'#*44#)+&# *))&()%!(#)!#)+&#+%,)!'%.*4#,&))%(<888!(&# *,=&.)#!"#)+&#
!==!(&(),F# %(/&.)%/&#+*,# 5&&(# (&<4&.)&$I# +!-# )+&# .'%)%.%,1,#!"#2*34# &(<*<&$# .34)3'*4#
&E=&.)*)%!(,# *5!3)#1*(4%(&,,# *($#%),#'&4*)%!(,+%=#)!#*3)+!'%)07#X."8#D#6!'8#CL?C9Y8M^#G+%,#
)+&,%,# *<'&&,# -%)+# U*',!(# )+*)# 2*34# *($# +%,# !==!(&(),# -&'&# !5/%!3,40#"3(.)%!(%(<#
-%)+%(# *#.!()&E)#!"#>'&.!?@!1*(#,!.%*4#/*43&,#*($#&E=&.)*)%!(,8#;($#)+")%1*)&#.4*,+#
5&)-&&(#)-!#$%*1&)'%.*440#!==!,&$#,&),#!"#/*43&,#*($#&E=&.)*)%!(,#5&.*1&#%(&/%)*54&8#
W%)+# '&<*'$#)!#)+&#=&'.&=)%!(,#!"#<&($&'# %(#)+&#>'&.!?@!1*(#,!.%&)0B#U*',!(#&4*5!'*)&,I#
2&',!(*4# $%<(%)0B#5!$%40# %()&<'%)0B# *($#,=&.%"%.#$&)*%4,#!"#!(&F,#*==&*'*(.&#-&'&#
*44# "*.)!',#%(#%($%/%$3*4#,&4"?*,,&,,1&()#*($#%(#1&(F,#&/*43*)%!(#!"#!(&# *(!)+&'F,#
B B
# 19&5+-68!7-801)! 7%1'#VV"#B Q
# E5(+-68# SP5+,;9*6*7/S8#<Q2F"#
AQ#
1*,.34%(%)08# _4%)&# 1&(# !"# )+&# $*0# -&'&# .!(,)*()40# .!(.&'(&$# -%)+# )+&#
1*%()&(*(.&# !"#)+&%'#1*,.34%(%)0B#5&.*3,&# %)#5!)+#$%,=4*0&$# *($#[3,)%"%&$#)+&%'#
=!,%)%!(,#!"#=!-&'8#`(4%P&#(!54%')+B#-+%.+#-*,#%113)*54&B#1*,.34%(%)0#-*,#*#
1*))&'# !"# =&'.&=)%!(8# W+%4&# &4%)&,# *4-*0,# '&='&,&()&$# )+&%'# 1*,.34%(%)0# )!#
!3),%$&',# *,# %((*)&B#*1!(<#%(,%$&',#%)#-*,# %1=4%.%)40# '&.!<(%O&$#)+*)#1*,.34%(%)0#
-*,#*#=&'"!'1*(.&#'&a3%'%(<#.!(,)*()#='*.)%.&#*($#/%<%4*(.&8Mb#
S)# <!&,# -%)+!3)# ,*0%(<# )+*)# 75!$0# 4*(<3*<&7# -*,# .!(/&0&$# %(# ,3.+# *# .!(,)*()#
7=&'"!'1*(.&78#
S(# D# 6!'8# CL8CLB# 2*34F,# !==!(&(),# !=&(40# .+*44&(<&$# +%,# ,P%44,# *,# *# =354%.#,=&*P&'8#
72'!=&'# )!(&# !"# /!%.&B# =!,)3'&B# <&,)3'&,B# $'&,,B# =&',!(*4# *$!'(1&()B# *($# !)+&'# 4&,,#
.!(.'&)&#a3*4%)%&,7B#,*0,#U*',!(B#-&''!3)%(&40#.%)&$#50#='!"&,,%!(*4,#*,# '&a3%'&1&(),#
"!'#,3..&,,8#W&#+*/&# <!!$#'&*,!(# )!#5&4%&/&#)+*)#6!'%()+%*(,#!"#)+&# "%',)#.&()3'0B#&/&(#
)+!,&# -%)+# *# 4&,,&'# &$3.*)%!(B# -!34$# +*/&# 5&&(# &E=&'%&(.&$# -%)+# '&<*'$# )!# )+&#
&/*43*)%!(#!"#,=&*P&',87MJ#S "#)+*)#-&'&#%($&&$#)+&#.*,&B#.'%)%.%,1,#*<*%(,)# 2*34#*($#$&&=#
$%,,*)%,"*.)%!(# -%)+# +%1#1%<+)# (!)# 5&# .!("%(&$#)!# *# "&-#4&*$&',# 53)# ,+*'&$# *1!(<# *#
13.+#4*'<&'#<'!3=8#
U*',!(F,# "%($%(<,# '&/&*4# *# 4!)# *5!3)# )+&# ,=&*P&'F,# ,&4"?='&,&()*)%!(8# R%(.&# )+&#
=&'"!'1*(.&# !"# *# ,=&*P&'# -*,# *4,!! <$,-$/# =&'"!'1*(.&B# *#1*(F,# $&"%.%&(.0#%(#,&4"?
='&,&()*)%!(# .!34$#&*,%40#.'&*)&#*(#!=&(%(<#"!'#+%,#'%/*4,#)!#'%$%.34&#+%1#*,#7&""&1%(*)&7#
=.+''*+/49# 2*34F,# 75!$%40# ='&,&(.&7#-*,# $&,.'%5&$# *,# 7-&*P78# S)#'&1*%(,# )!#5&#,&&(#%"B#
*($#)!#-+*)#&E)&()B#)+&#>'&.!?@!1*(#=&'.&=)%!(#!"#,&4"?='&,&()*)%!(#+*$#)!#$!#-%)+# )+&#
!==!(&(),F# .'%)%.%,1# *<*%(,)# 2*348# A!+(# \*''%44# *,,&'),# )+*)# 7*))*.P,# *<*%(,)# !(&F,#
!3)-*'$#*==&*'*(.&#*($#,=&*P%(<# *5%4%)0B#*,#%(#D#6!'8#CL8CLB#13,)#5&#%()&'='&)&$#%(#4%<+)#
!"# )+&,&#.34)3'*4# 5&4%&",#*5!3)# $&=!')1&()# *,# *# ,0,)&1# !"# ,%<(,# )+*)# '&/&*4# 5!)+#!(&F,#
B F
# E5(+-68# SP5+,;9*6*7/S8#<F"#B N
# E5(+-68# SP5+,;9*6*7/S8#<N"#
AF#
,&4"?.!()'!4#*($#!(&F,#"%)(&,,#)!#'34&#!)+&',87# G+&#,&'%!3,(&,,#!"#D#6!'8# CL8CL# )!<&)+&'#
-%)+# %),# ='!"!3($#%1=4%.*)%!(,# ,+!34$# 5&# =&'.&%/&$# %(# )+%,# =*')%.34*'# .!()&E)8# S(# )+%,#
.!((&.)%!(B# *(# %1=!')*()#a3&,)%!(# $&,&'/&,#"3')+&'#%(/&,)%<*)%!(I#W*,#2*34# $&"%.%&()# %(#
1*,.34%(&# /%')3&,# !'# $%$# +&# -%44%(<40# *44!-# )+&1# )!# 5&# *5'!<*)&$]#;..!'$%(<#)!# )+&#
>'&.!?# @!1*(# .!(.&=)# !"#1*,.34%(%)0B# *# '&*4! .(,# $%$# (!)# .&$&#=!-&'# !'# .!()'!4# )!#
*(!)+&'B#*,#,4*/&,#*($#-!1&(#$%$8# ;($#*,#1*,.34%(%)0#-*,# .4!,&40#)%&$#)!#)+&#.!(.&=),#
!"# =&',!(*4# "'&&$!1#*($# =!-&'# !/&'#!)+&',B# !(40#)+&# 7"!!47#-!34$# *5'!<*)&#)+&18#W*,#
2*34#*#7"!!47]#;($#% "#,!B# %(#-+*)#,&(,&]#
B"!"%&0*/-*0*# =7;)*&+#
2*34# %(#+%,!(#+'+<*(# '&"&''&$#)!#+%,#)'%534*)%!(,#"!'#)+&#,*P&#!"#6+'%,)B#*($#1!,)#(!)*540B#
%(# C#6!'8# M8# :?C9# *($# D# 6!'8# CC8D9?998# G+%,# )+&,%,# -%44# *))&1=)# )!# ,+!-# )+*)# )+!,&#
'&"&'&(.&,#-!34$# 5&.!1&# )+&# 1!'&*(%(<"34#%(#)+&# .!()&E)# !"# )+&# 3,&# !"! #$/*")("*"!
.*)*4!<3&,# *1!(<# )+&# >'&.!?@!1*(# ,*<&,# *($# =+%4!,!=+&',8# \&(.&# )+&# ,)3$0# !"#
#$/*")("*"# .*)*4!<3&,#%(#>'&.!?@!1*(# )'*$%)%!(B#-%)+#,=&.%*4# '&"&'&(.&# )!#R)!%.%,18#
>&(&'*440# ,=&*P%(<B# $$&:EW$5-*X8# &,=&.%*440# %(# )+&# R)!%.# )'*$%)%!(B# -*,# =&'.&%/&$#
=!,%)%/&40#*,#!..*,%!(,#"!'#)+&#,*<&,#!'#=+%4!,!=+&',# )!#$&1!(,)'*)&#)+&%'#+31*(#/%')3&,#
,3.+# *,#.!3'*<&B# &($3'*(.&#*($#1*(4%(&,,8# G+%,#=!,%)%/&#*))%)3$&#)!-*'$,! @/%60-;A-#0+'# %(#
)+&# >'&.!?@!1*(# )'*$%)%!(#+*,# *4,!#5&&(# .!("%'1&$#50#1!$&'(# ,.+!4*',# ,3.+# *,# A!+(#
N%)O<&'*4$8#N%)O<&'*4$#5&4%&/&,# +%,#,)3$0#!"#.4*,,%.*4# 4%)&'*)3'&#+*,# ,+!-(#)+*)# )+&#>'&.!?
@!1*(# ,*<&# <&(&'*440# -&4.!1&$# *(&:*W$5-5YZ"# N%)O<&'*4$# %("&',# "'!1# +&'&# )+*)# %)#-*,#
B <
# R"# U9@&(7#[5((*998# S\6.&,7*.>5*6+7#D5;9# JG#K-("#AC"ACO8# 7%&#D%/+*->6-4*&+#-0#7%&#U6,*&67#=95.&#H-)/8#
56)#7%(&,-23-456#3%&7-(*,#-0#P56%--)S8# *6#U)&95#]5(@(-#K-99*6+#56)#P5(>5(&7#P"#P*7,%&99# J&)+"O8#
<1/0B40/C! -13!D4.-10/C9! E**-C*! #1!<1+0%1/! =%,0)0#1! -13!"20,#*#62C! "&%*%1/%3! /#!D-1*! F0%/%&! ?%/A! #1!
D0*! GH>:2
!?0&/23-C# J$;@*6>&6L#P-%(2=*&@&,^8#GCCAO8# A<?2GA!8# 57#GCB"#
AN#
1*%(40# "!'#)+%,# '&*,!(# )+*)# 2*34# %(#D#6!'%()+%*(,# ,!#!")&(#'&"&''&$#)!#)+&# )+&1&# !"#+%,#
,3""&'%(<#*($#+*'$,+%=8MQ#
\!-&/&'B# )+%,#)+&,%,#+!4$,# )+*)# N%)O<&'*4$F,# /%&-# '&='&,&(),#!(40# !(&# ,%$&# !"#)+&# .!%(8#
G+&#!)+&'#,%$&#!"#)+&#.!%(B#-+%.+#+&4$#[3,)#)+&#!==!,%)&#/%&-B#-*,#*4,!#.3''&()#%(#>'&.!?
@!1*(# ,!.%&)0B# *,# )+&# '&,&*'.+# !"#>4*(.0# +*,# ,+!-(8# G+%,# )+&,%,# +*,# .!(,%$&'&$# %)#
'&*,!(*54&# )!# *,,31&# )+*)# %)# -*,# )+&# (&<*)%/&# !'# $&'!<*)%/&# 3,&# !"# )+&! #$/*")("*"!
.*)*4!<3&,#)+*)#-*,# )+*%(#.!(.&'(# !"#2*34#-+!#-*,# )'0%(<# )!#-%)(&,,B#=*'*$!E%.*440B#
)!#)+&#$%/%(&#=!-&'#)+*)#-*,#1*(%"&,)&$#%(#*($#)+'!3<+#+%,#!-(#-&*P(&,,8#
>4*(.0#*,,&'),#)+*)#*..!'$%(<#)!#)+&#,!.%*4#&)+!,#!"#2*34F,#)%1&B#)+&#*=!,)4&F,#)&,)%1!(0#
.!(.&'(%(<#+%,#!-(#7-&*P(&,,7#*($#)+&#*53,%(<#!"#+%,#5!$0#-*,#3($!35)&$40#=&'.&%/&$#
50#+%,#!==!(&(),# *,#1*'P#!"#,&'/%4&#,351%,,%!(# *($#%(,%<(%*#!"#+31%4%*)%!(#-+%.+#-&'&#
3(-!')+0# !"# *! .(,# !"# *(0# ,!.%*4# ,)*($%(<B# $%<(%)0# *($# +!(!3'8# G+%,# )+&,%,# *..&=),#
>4*(.0F,# %1=!')*()# =!%()# )+*)# 7%)# %,# )+&# 6+'%,)%*(,888)+*)# '&/!43)%!(%O&# )+&,&# /*43&,#
-+!440#50#)+&%'#)!)*4#%(/&',%!(87^L#
G+&#.!("4%.)#5&)-&&(# 2*34# *($#+%,#.'%)%.,#%(#1*))&',# !"#,!.%*4#&)+!,#*($#/*43&,#$&,&'/&,#
,&'%!3,# ,)3$0B# -%)+# ,=&.%*4# '&"&'&(.&# )!# )+&# =+0,%.*4# 5!$0# !"#1*(# %(#@!1*(# ,!.%&)08#
>4*(.0# &($!',&,# \*''%44F,# "%($%(<# )+*)# 7,!.%*4# ,)*)3,#-*,# ,!1*)%.*440#&E='&,,&$7B# *($#
,%(.*34F,#5!$%40# *==&*'*(.&#-*,#7-&*P7# XC#6!'8#D89K#D#6!'8# CL8CLK# CC89LYB#+%,#.'%)%.,#
(*)3'*440#a3&,)%!(&$# +%,#1*(+!!$#*($#'%<+)#)!#*3)+!'%)08^C#
R"# $"#_*7`>&(59)8!I&-+8*! 01!-1!E-&/2%1! J%**%,9! <1!EK-.01-/0#1! #:! /2%! I-/-,#)4%*! #:!D-&3*206*! 01!/2%!
I#&01/20-1! I#&&%*6#13%1+%# JU795675L#=,%-95(+#D(&++8#A?<<O8#BB"#Q C
# 1956,/8# SH-5+7*6>S8# AGF"#Q A
# 1956,/8# SH-5+7*6>S8# AGN2<"#
A<#
U*3'&(.&#W&45!'(#+!4$,#)+*)#72*34#-*,#<!/&'(&$#50#*#,!.%*4#.!(,)'*%()#%(#+%,#$%,.!3',&#
!"# )+&#.'!,,#*($#%(#+%,#*..!3()# !"#)+&#,3""&'%(<,#!"#)+&#*=!,)4&,#!"#6+'%,)78#;($#4%P&#+%,#
.!()&1=!'*'%&,# \!'*.&# *($# R&(&.*B# 72*34# &1=4!0,# )+&# 4*(<3*<&# *($# %1*<&'0# !"# )+&#
1%1&B#-+&(# +&# ,=&*P,#*5!3)# )+&,&#,!.%*440#,+*1&"34#,35[&.),87^D#W&45!'(# *,,&'),#)+*)#
72*34F,# &E=!,%)%!(#!"# )+&# "!440# !"#)+&# 1&,,*<&# !"# )+&# .'!,,# %,# 5&,)# 3($&',)!!$# %(#)+&#
.!()&E)#!"#*(# %()&44&.)3*4# )'*$%)%!(#-+%.+B#"!'#-*()#!"#*#5&))&'# )&'1B#-&#+*/&# $&,%<(*)&$#
)+&# F.!1%.?=+%4!,!=+%.# )'*$%)%!(8F7# ^ 9# G+&# )&'1# ,3<<&,),# )+*)# 7*# .!11!(# .34)3'*4#
=&',=&.)%/&# .!((&.),# R!.'*)&,B# ,*)%'&B#*($#)+%1&78#G+-%,&#"!!4B7#*..!'$%(<#)!#)+%,#
)'*$%)%!(B#-*,# )+&#+&'!#;&,!=#!"#)+&# "!4P?)*4&8# N!'#)+&# %()&44&.)3*4,B#+!-&/&'B#R!.'*)&,#
-*,# )+&# 1!$&4# !"# )+&# -%,&# 1*(# -+!,&# -%,$!1#-*,# +%$$&(# %(# *==*'&()# "!!4%,+(&,,8#
W&45!'(#5&4%&/&,# )+*)#72*34#=*')%.%=*)&,# "3440#%(#)+%,#)'*$%)%!(# %(#+%,#$%,.!3',&# *5!3)#)+&#
"!440#!"#)+&#-!'$#!"#)+&#.'!,,78#G+*[!'#=!%(),#!"#2*34F,# *'<31&()# %(#C#6!'8#C?MB# ,3.+#
*,# )+&# $%/%(&# '&/&',*4# !"#-%,$!1#*($# "!!4%,+(&,,B# 7"%($# )+&%'#.4!,&,)# *(*4!<%&,# %(#)+&#
)'*$%)%!(#)+*)#/*4!'%O&,#R!.'*)&,B#;&,!=B#*($#)+%1%.# "!!47 8 ^ M#
G+%,#)+&,%,# $340#*.P(!-4&$<&,#W&45!'(F,#.!()'%53)%!(#*($#%(,%<+)B#53)#,3,=&.),#)+*)#)+&#
=*'*44&4,# +&# $'*-,# 1%<+)# +*/&# 5&&(# ,!1&-+*)# !/&'?,)'&).+&$8# G+&'&# ,&&1,# )!# 5&# *#
,%<(%"%.*()# $%""&'&(.&# 5&)-&&(# )+&# 7"!!47# %(# )+&# >'&.!?@!1*(# .!1%.?=+%4!,!=+%.#
)'*$%)%!(#*($#)+&#*=!,)4*348#N!'#%(,)*(.&B#-+%4&#)+"!!47#!"#)+%1&#-*,#*(#&(*.)&$#
"%<3'&#!(# *# ,)*<&B# *4)+!3<+#+&# .!34$# 5&# '&"4&.)%/&#!"#=&!=4&# %(#'&*4# 4%"&B# +&# '&1*%(&$B#
(!(&)+&4&,,B# "%.)%)%!3,8#c(# )+&# !)+&'# +*($B# 2*34# *,# *# 7"!!47# !"#6+'%,)#-*,#.!1=4&)&40#
#$/"+,('# *($! $>*")$,)*('# %(# '&*4# 4%"&B# *($# -*,# *5,!43)&40# %(,&=*'*54&# "'!1# +%,#-+!4&#
.+-&"! +#$/(,-*# *,#*(#*=!,)4&#!"#6+'%,)8#
I&9@-(68! "-4,'! /2%!L##,! #:!I2&0*/9! <!5/43C! #:! M! I#&01/20-1*! M;N!01!/2%!I#.0+;"20,#*#620+! @&-30/0#1!
JE-6)-6L#$#a#$#\67&(657*-6598#GCCQO8#!#Q !
# I&9@-(68!L##,'# AG"#Q B
# I&9@-(68!L##,'# AG2!"#
A?#
G+%,# )+&,%,# )&($,# )!# )+%(P# )+*)# 2*34F,# )'%534*)%!(,#1%<+)#(!)# !(40# 5&# .!("%(&$#)!# )+&#
-!3($,# *($#,.*',#%("4%.)&$#50#!)+&',# !(#+%,#5!$0B#)+&0#1%<+)#*4,!# 5&#=*')40#$3&# )!#+%,#
1*(3*4# 4*5!3'#*,# *!)$,).(;$/9# @!(*4$#\!.PF,# "%($%(<#,+!-,# )+*)#2*34F,#1*(3*4# 4*5!3'#
-*,#/&'0#13.+#)+&#)'*$&#!"#*#,4*/&#!'#=&',!(# !"#/&'0#4!-#,!.%*4#,)*)3,8^^#;,#,3.+B#2*34F,#
.+!%.&#!"#1*(3*4#4*5!3'B#*($#$&.%,%!(#)!#'&1*%(#%(#)+%,#4!-40#&,)&&1&$#)'*$&B#&/&(#*,#*(#
7*=!,)4&7# !"#6+'%,)B#.!34$#*4,!#5&#'&<*'$&$# *,#*(#%(/&',%!(#!"#)+&#.3''&()#,!.%*4#&)+!,8#S(#
!)+&'# -!'$,B# 2*34F,# )&()1*P%(<# 4*5!3'# -*,# *4,!# ,!.%*440# *# 5%<# !%.*/R!$!/# %(# *#1!,)#
,)*)3,?.!(,.%!3,# ,!.%&)08#G+&#,!.%*4#='&[3$%.&#*($#,)%<1*#)+*)#+%,#1*(3*4#4*5!3'#5'!3<+)#
-!34$# *$$#"3')+&'#,3""&'%(<#)!#2*34#5&,%$&,#)+&#$*%40#.+!'&,#*($#=+0,%.*4#=*%(,# )+*)# )+&#
1*(3*4# 4*5!3'# %),&4"# 5'!3<+)8# d&)B# )+&# *=!,)4&# -*,# (!)# *,+*1&$# )!# ,)*0# %(# ,3.+# *#
$%,+!(!3'*54&# ='!"&,,%!(#"!'#)+&#,*P&#!"#6+'%,)#*($#)+&#>!,=&48#c(#)+&#-+!4&#)+&#,)3$0#
!(# *$&:*W$5-*,# %($%.*)&,# )+*)#2*34F,#=+0,%.*4#,3""&'%(<#+*$#.*3,&$#*(!)+&'! (.?@(A+?# %(#
)&'1,# !"#)+&#>'&.!?@!1*(# ,!.%*4#&)+!,#%(#-+%.+#+31*(#/%')3&,B#1*,.34%(%)0B#*($#,!.%*4#
,)*)3,#-&'&#<'&*)40#.+&'%,+&$8#
Q"#U*48# 9*4*7+#56)#+7(;,7;(&#-0#7%&# 7%&+*+#
G+&# 5*,%.# +0=!)+&,%,# !"#)+%,# )+&,%,# %,# )+*)# )+&# 5!$0# %,# *(# %1=!')*()#"&*)3'&# %(# *(.%&()#
3($&',)*($%(<# !"#.'3.%"%E%!(# *($# (!54&# $&*)+B# %(#>'&.!?@!1*(# '+&)!'%.B#&,=&.%*440# %),#
='&!..3=*)%!(# -%)+# $&4%/&'0# *($# 1*,.34%(%)0B# *($# %(# )+&# >'&.!?@!1*(# .!(.&=)# !"#
#$/*")("*"# X*# .*)*4!<3&# !"# ,3""&'%(<Y8#G+&# +%,)!'%.!?,!.%*4# ,)3$%&,# !"# )+&,&# )+'&&# *'&*,#
-%44# ='!/%$&#)+&#(&.&,,*'0#.!()&E),# "!'#)+&# &E&<&,%,#!"#)+&# '&4&/*()#=*,,*<&,#%(#2*34F,#
6!'%()+%*(#=!4&1%.,8#G+%,#)+&,%,#-%44# )'0#)!#,+!-# )+*)#)+&'&# -*,# *#$&4%5&'*)&# *))&1=)#!(#
)+&#=*')#!"#2*34#)!#%(/&')#)+&#.3''&()# ,!.%*4#&)+!,#%(#+%,#$&*4%(<,# -%)+# )+&,&#)+'&&#*'&*,8#
G+&#.+!%.&#!"#)+&,&#)+'&&#*'&*,#*4,!# %11&$%*)&40#,&),#*# 4%1%)# )!#)+&# ,.!=&#!"#)+%,# )+&,%,B#
Q Q
# 3"#_"#[-,^8!@2%! 5#+0-,! I#1/%K/! #:! "-4,O*! 7010*/&C9! @%1/.-801)! -13!<6#*/,%*206# JD%*95)&9:%*5L#_-(7(&++8#
A?<CO8# !A2Q"#
GC#
(!)# !(40# %(# %),# +%,)!'%.!?,!.%*4# ,)3$%&,B# 53)# *4,!# %(# %),# '&"&'&(.&# )!# )+&# 6!'%()+%*(#
=*,,*<&,8#6!(,&a3&()40# )+&#&E&<&,%,#-%44# 1*%(40#5&#.!("%(&$#)!# C#6!'8# C8C:?9CK#M8:?C9K#
*($# D# 6!'8# D8C?^K# CL8CLK# CC8D9?998#W+%4&# )+&# .+!%.&# !"# )+&,&#=*,,*<&,#1*0# %(%)%*440#
,&&1#*'5%)'*'0B#%)#-%44# 5&#,+!-(#)+*)#)+&0#*'!,)#$%'&.)40#'&4*)&$#)!#)+&#)+'&&#+%,)!'%.!?
,!.%*4#*'&*,#3($&'#.!(,%$&'*)%!(8#
G+&# )+&,%,# -%44# *4,!# *))&1=)# )!# P&&=# *# 5*4*(.&# 5&)-&&(# )+&# +%,)!'%.!?,!.%*4# *($# )+&#
&E&<&)%.*4?)+&!4!<%.*4# %(# %),# !/&'*44#*=='!*.+8# 6!(,&a3&()40B# *44#)+&# )+'&&# =*'),# !"# )+&#
)+&,%,#.!(,%,)&()40# 5&<%(#-%)+# +%,)!'%.!?,!.%*4#,)3$%&,8# 2*')# S I#6'3.%"%E%!(# %(#;()%a3%)0K#
e!54&# T&*)+# %(#>'&.!?@!1*(# *($#H*..*5&*(# G'*$%)%!(,8#2*')# S S I#@+&)!'%.B# T&4%/&'0#
*($#H*,.34%(%)08# 2*')# S S S I!B$/*")("*"# *,# f%')3&# -%)+# R=&.%*4#@&"&'&(.&# )!#R)!%.%,1B#*($#
B$/*")("*"# *,# \31%4%*)%!(# *($# \31*(# T&<'*$*)%!(8#G+&,&# +%,)!'%.!?,!.%*4#,)3$%&,# *'&#
'&,=&.)%/&40# "!44!-&$#50#&E&<&,%,#!(#)+&# '&4&/*()#6!'%()+%*(#)&E),# %(#*44#)+&# )+'&&# =*'),#
!"# )+&# )+&,%,8#
2*')# S#-%44# 5&<%(#-%)+#)+&#+%,)!'%.!?,!.%*4#,)3$%&,# !(#76'3.%"%E%!(#%(#;()%a3%)07#5*,&$#!(#
='%1*'0#)&E),# "'!1#24*)!B#243)*'.+B#6%.&'!B#R&(&.*B#A!,&=+3,#*($#2+%4!8#G+&0#-%44# )'0#)!#
,+!-#-+0#2*34F,#71&,,*<&#!"#)+&#.'!,,7# Xb! A+C+D# b#E!3# -(5;:-;O#-*,# ,3.+# *(#!5/%!3,#
7"!4407# J**,-:*5O# *($#<'&*)# !""&(.&!H#P-Q3+/8#QR# )!#)+&#>'&.!?@!1*(# -!'4$8# G+%,#-%44# 5&#
"!44!-&$#50#,)3$%&,# !(#)+&# %$&*#!"#7(!54&#$&*)+7# %(#5!)+#>'&.!?@!1*(# *($#H*..*5&*(#
)'*$%)%!(,8#G+&,&#.!()&E)3*4# ,)3$%&,# *'&# &E=&.)&$# )!#='!/%$&#)+&# (&.&,,*'0#5*.P<'!3($#
"!'# &E&<&,%,#-0#C#6!'8#C8C:?9C8#
2*')# S S# -%44# "!.3,# ='%1*'%40# !(# 7@+&)!'%.B# T&4%/&'0# *($# H*,.34%(%)07# %(# )+&# >'&.!?
@!1*(# )'*$%)%!(8# G+%,#&E&'.%,&# %,#(&.&,,*'0#5&.*3,
.+#!"#)+&# 6!'%()+%*(#=!4&1%.,#
+*$#)!#$!#-%)+# +31*(#&4!a3&(.&# *($#,&4"?='&,&()*)%!(# %(#,!.%&)08#W%)+# )+%,#5*.P<'!3($#
GA#
*,# %),#+%,)!'%.!?,!.%*4# .!()&E)B#)+&#&E&<&,%,#!"# C#6!'8#D8C?^# *($#D#6!'8# CL8CL#-%44# )'0#)!#
&E=4*%(#-+0#2*34#+*$#$&4%5&'*)&40#.+!,&(#(!)#)!#3,&# 74!")0#-!'$,#!'#-%,$!17#%(#6!'%()+B#
*($# -+0#+%,#75!$%40#='&,&(.&7# -*,#,!#*$/&',&40#=&'.&%/&$#50#+%,#6!'%()+%*(#.'%)%.,8#
2*')# S S S#-%4 4# "%',)# 5&# $&/!)&$# )!# )+&# ,)3$0# !"# *(&:7-$5-bZ8# -%)+# ,=&.%*4# '&"&'&(.&# )!#
R)!%.%,1B# %(#%),#=!,%)%/,&8#G+%,#-%44# 5&# "!44!-&$#50#*#.4!,&# 4!!P# *)# )+&#!)+&'#,%$&#!"#
)+&# .!%(B# -+%.+# +%<+4%<+),#+31%4%*)%!(# *($# +31*(# $&<'*$*)%!(B# %(# .4!,&# '&4*)%!(# )!#
2*34F,# =&',!(*4# )'%534*)%!(,# 1&()%!(&$# %(# )+&# 6!'%()+%*(# .!''&,=!($&(.&8# G+&,&#
5*.P<'!3($# ,)3$%&,# *'&# &E=&.)&$# )!# ,+&$# .!(,%$&'*54&# 4%<+)# !(# )+&#&E&<&,%,#!"# C#6!'8#
M8:?C9#*($#D#6!'8#CC8D9?998#
S)# %,#)+&#+0=!)+&,%,#!"#)+%,#)+&,%,# )+*)#*44#)+'&&#*'&*,#*'&#.!((&.)&$# %(#)+&%'#.!(.&'(#-%)+#
)+&# 75!$07B#*($# )!<&)+&'# )+&0# -%44# )'0#)!#,+!-# )+*)#2*34F,# =!4&1%.,#-&'&#(!)+%(<#4&,,#
)+*(# *# $'*,)%.# %(/&',%!(# !"# P&0# &4&1&(),# %(# )+&# .3''&()# ,!.%*4# &)+!,8# G+&# -!'$#
7%(/&',%!(7# %(# )+&# )%)4&# *,# -&44# *,# %(# %),# "'&a3&()# 3,&# %(# )+&# 5!$0# !"# )+&# )+&,%,# %,#
*$1%))&$40# ,)'!(<#*($#!/&')8#S)#%,#3,&$# *$/%,&$40#)!# %($%.*)&#(!)# !(40# 2*34F,# %()&()%!(B#
53)# *4,!# )+&# %()&(,%)0#!"#)+&# 6!'%()+%*(# =!4&1%.,8#;,# )+&#)+&,%,# +*,# 5&&(# 53%4)# !(#)+%,#
%1=!')*()#*,,31=)%!(B#*44#%),#)+'&&#=*'),# -%44# )'0#)!#[3,)%"0#)+&#*=='!='%*)&(&,,# !"#%),#3,&#
%(# %),#='&,&()*)%!(#*($#*'<31&()8#
GG#
DU3$#\L#K3MK\_\c\Wd#\d#Ud$\eM\$]#Udf#dWHEg#fgU$[#
K%5:7&(#W6&L#K(;,*0*V*-6#*6#U67*X;*7/#
A"A#\67(-);,7*-6#
G+&# *=!,)4&# 2*34F,# 71&,,*<&#!"# )+&# .'!,,7# *,# -&44# *,# +%,# *=='!*.+# )!# )+!'%()+%*(#
.'%,%,# $&1*($# *# ,3""%.%&()40# .4&*'# 3($&',)*($%(<# !"# )+&# ='*.)%.&# !"# .'3.%"%E%!(# %(#
*()%a3%)0# *($# ='&/*4&()# =&'.&=)%!(# *,,!.%*)&$# -%)+# %)8#G+%,# )+&,%,# +*,# )+3,# <%/&(# )+&#
-+!4&#!"#.+*=)&'# !(&#)!#)+&#,)3$0#!"#.'3.%"%E%!(#%(#*()%a3%)08#S)#%,#'&*,!(*54&#)!#*,,31&#
)+*)#2*34#-*,# P(!-4&$<&*54&#*5!3)# )+&# ='*.)%.&#!"#.'3.%"%E%!(# %(#*()%a3%)0#*($#.3''&()#
=354%.# =&'.&=)%!(# *5!3)# %)#-+&(# +&# *.P(!-4&$<&$# )+*)# 7)+&,,*<&#!"#)+&# .'!,,7# Xb#
;+C+%5#b# $WM! "#"$%&'%(#-*,#7"!!4%,+(&,,7#X4%.!=)*Y#)!#)+!,&#-+!#'&[&.)&$#%)#XC8C:Y8#
T%/%,%!(# %(#)+!'%()+%*(#.+3'.+#-*,#&/%$&()40#*#1!,)#,&'%!3,#.'%,%,#)+*)#)+'&*)&(&$# )+&#
3(%)0# *($# "&44!-,+%=# !"# )+&# .+3'.+8# A3$<%(<# "'!1# 2*34F,# $&,.'%=)%!(#!"# )+&#,%)3*)%!(#
XC8CL?CJY# *,# -&44# *,# +%,# %11&$%*)&#'&,=!(,&# XC8C:?9CYB# %)# %,# ,3""%.%&()40#.4&*'# )+*)# )+&#
6!'%()+%*(#$%/%,%!(B#%(#)+&#"%(*4#*(*40,%,B#-*,#4*'<&40#$3&#)!#*#/%)*4# "*%43'&#)!#3($&',)*($#
7)+&,,*<&#!"#)+&#.'!,,7B# -+%.+# -*,#1!,)#&,,&()%*4# )!#5!)+#)+&# "*%)+# *($#.!($3.)#!"#
)+!'%()+%*(,8#W+0#-*,# 7)+&,,*<&#!"#)+&#.'!,,7# ,3.+# 7"!!4%,+(&,,7#)!#)+!,&#-+!#
'&[&.)&$#%)]#;($#-+0#-*,# %),#)+&!4!<0#,!# $%""%.34)#&/&(# "!'#)+!'%()+%*(#6+'%,)%*(,#)!#
<'*,=B# *4)+!3<+#%)#+*$#5&&(# *#"&-#0&*',#(!-#,%(.&#)+&,,*<&#-*,# "%',)#5'!3<+)#)!#)+&1#
50# 2*34]# X*,,31%(<# )+*)# 2*34# *''%/&$# %(#6!'%()+# *'!3($#;T#MQg^L# *($# C#6!'%()+%*(,#
-*,# -'%))&(# *'!3($#^Mg^^Y8#G+*%(#='!54&1#*==*'&()40# 4*0#-%)+# =&!=4&F,# =&'.&=)%!(#
*5!3)# )+&# .'!,,# %(#)+&#>'&.!?@!1*(# -!'4$8# G+%,#.+*=)&'# *))&1=),# )!#*$$'&,,#)+&,&# *,#
-&44# *,# !)+&'# '&4*)&$# %,,3&,# %(#.4!,&# '&4*)%!(#)!# )+&# ,!.%*4# &)+!,# !"# )+&# >'&.!?@!1*(#
G!#
,!.%&)08#G+%,#)+&,%,#%,#(!)#!(40#%()&'&,)&$# %(#.'3.%"%E%!(#*,#*#"!'1#!"#.*=%)*4#=3(%,+1&()B#
50# *4,!# %(#)+&# /&'0# =!-&'"34# *($# <'*=+%.# 75!$0# 4*(<3*<&7# %)#.!(/&0&$# *,# -&44# *,# %),#
,&'%!3,# ,!.%*4#%1=4%.*)%!(,8#
G+%,# .+*=)&'# %,# <'&*)40# %($&5)&$# )!# \&(<&4F,# &E.&44&()# ,)3$%&,# !(! E/&%*F*>*+,# -+%.+#
'&"&''&$#)!#,!1&#!"#)+!,)# %1=!')*()#='%1*'0#,!3'.&,#!(#)+&#,35[&.)#%(#*(.%&()#>'&.!?
@!1*(#-'%)%(<,8# S"#\&(<&4#+*,#1!$&,)40#'&<*'$&$# +%,#-!'P# *,# 7(!#1!'&#)+*(#F+%,)!'%.*4#
='&4%1%(*'%&,F# "!'#*#='&,&()*)%!(# !"#)+&! )3$+'+<*(! %/&%*"# %(#2*34B7^b#)+&# %(a3%'0# %(#)+%,#
.+*=)&'# -!34$#1*%(40#5&#*(#*))&1=)# )!#='!/%$&#*#(&.&,,*'0#+%,)!'%.!?,!.%*4#5*.P<'!3($#
)!# +&4=#&E=4*%(#-+0#2*34F,#71&,,*<&#!"#)+&#.'!,,7#-*,# ,3.+#7"!!4%,+(&,,7#)!#)+!,&#-+!#
'&[&.)&$#%)8#
G+%,#.+*=)&'# -%44# 5&<%(#-%)+# *#<&(&'*4# ,3'/&0# !"#.'3.%"%E%!(# %(#*()%a3%)0B#5*,&$#1*%(40#
!(# *(.%&()# -'%)%(<,#!(#)+&# ,35[&.)B# )+*(P,# )!#)+&#/&'0#+&4="34#4&*$#!"#\&(<&48#G+%,# -%44#
)+&(#5&# "!44!-&$#50#*#,)3$0#!(#.'3.%"%E%!(#*($#@!1*(# 4*-#&("!'.&1&()K#)+&#/%.)%1,#!"#
.'3.%"%E%!(K#)+&#,!.%*4#,015!4%,1#!"#.'3.%"%E%!(K#-%)+#&1=+*,%,#!(#)+K!$0# 4*(<3*<&7#
.!(/&0&$#50#)+%,#.*=%)*4#=3(%,+1&()8#
A"G#K(;,*0*V*-6#*6#567*X;*7/L#U#>&6&(59#+;(.&/#
G+&# -!'P# !"# \&(<&4# !(# )+&# !'%<%(,# *($# =*'*44&4,# !"# @!1*(# .'3.%"%E%!(# %(# *(.%&()#
-'%)%(<,# %,# -%$&40# *.P(!-4&$<&$# *,# )+&# 1!,)# ,%<(%"%.*()#'&,&*'.+# !(# )+&# ,35[&.)8^J#
\&(<&4F,# ,3'/&0# %($%.*)&,# )+*)# "'!1# )+&# )%1&#!"#24*3)3,# X.8# 9' $# .&()3'0# HK#!(-*'$,YB#
Q F
# [&6>&98! I&4+0:0K0#1'# V**"#Q N
# U6-7%&(#+*>6*0*,567#h-(^#-6# 7%&# +;@i&,7#*+# 7%57#-0#[&*6`2I-90>56>#b;%68# Sf*&#b(&;`&++7(50&#h5%(&6)#
)&(#0(**%&6#b5*+&(`&*7"#\%(&#I*(^9*,%^&*7# ;6)#I&(7;6>#*6#)&(#M4h&97#)&+# M(,%(*+7&67;4+S8# *6#[*9)&>5()#
$&4:-(*6*# 56)#I-90>56># [55+&# J&)+"O8! <4:*/0%)! 413!S0%3%&)-1)! 3%&! &#.0*+2%1! T%,/9! U%*+20+2/%! 413!
P4,/4&! =#.*! 0.!560%)%,! 3%&!1%4%&%1! L#&*+241)# JH&(9*6L#I597&(#f(;/7&(8# A?<GO8#.-9"#GQ"FB<2N?!"#$%&#
h-(^#-0#b;%6#56)#[&6>&9#)*+,;++8#0-(#7%-+7#:5(78#7%&#+548,*&67#+-;(,	*7&(57;(&"#
GB#
%/&># %,#*4'&*$0# 3,&$# *,# *# 7/34<*'#)*3()7# *1!(<#=&!=4&# !"#)+&# 4!-&'#.4*,,&,B# %(.43$%(<#
,4*/&,#*($#='!,)%)3)&,8#S($&&$B#+&#*'<3&,#)+*)! %/&># %,#*#+!''%$#-!'$# )+*)#-!34$#(!)#+*/&#
,!3($&$# *(0#5&))&'# %(#)+&#&*',#!"#,4*/&,#!'#"!'&%<(&',!=#$/$</*,&"4# )+*(#)!#*#1&15&'#!"#
)+&#@!1*(#(!5%4%)08^:#
G+&'&# ,&&1,#)!#5&#*#<&(&'*4# .!(,&(,3,#*1!(<#,.+!4*',# )+*)# )+&#='*.)%.&#!"#.'3.%"%E%!(#
-*,#"%',)#,)*')&$#50#)+&',%*(,8#G+%,#%,#4*'<&40#$3&#)!#)+&#-%)(&,,#!"#)+&#>'&&P#+%,)!'%*(#
\&'!$!)3,# XM:MJ?MD^]# V6YI#N!'# %(,)*(.&B# \&'!$!)3,# '&.!'$&$# )+*)# *")&'# .!(a3&'%(<#
V*504!(# "!'#)+&# ,&.!($# )%1&B# )+&',%*(# P%(<# T*'%3,# 7.'3.%"%&$# J).&-b-c-$(*-&O# *5!3)#
)+'&&# )+!3,*($# 1&(# hV*504!(%*(,i#-+!#-&'&# .+%&"# *1!(<# )+&187^Q#R%1%4*'40B# T*'%3,#
-*()&$#)!#%1=*4&# J).5-b-U2-*(*&7-15*O#_<0=)%*(,#7"!'#5&%(<#4&,,#,P%4"34#)+*(# *#>'&&P87bL#
\&'!$!)3,# *4,!# 1&()%!(&$# )+*)# c'!&)&,# P%44&$# 2!40&'*)&,# !"#R*1!,#*($# )+&(# .'3.%"%&$#
+%1# J).&-$,5i:5Vi&O"FA#
\&(<&4F,# %1='&,,%/&# *(.%&()# ,!3'.&,# ,+!-# )+*)# a3%)&# *#/*'%&)0#!"# 75*'5*'%*(# =&!=4&,7#
,3.+# *,# )+&# ;,,0'%*(,B# S($%*(,B# )+&# R.0)+%*(,B# )+&# G*3'%*(,B# *($# )+&# 6&4),# 3,&$#
.'3.%"%E%!(# *,# *# 1!$&# !"# &E&.3)%!(8#_/&(# 1!'&# ,%<(%"%.*()#-*,# )+&# ='*.)%.&# !"# )+%,#
+!''%"%.#"!'1#!"#&E&.3)%!(#50#)+*')+*<%(%*(,B#&,=&.%*440#"!'#+%<+#)'&*,!(B# "'!1#-+!1#
)+&#@!1*(,#1%<+)#+*/&*'()#*($#=&'"&.)&$#)+%,#"!'1#!"#$&*)+8bD#
S(#@!1*(#='*.)%.&B#.'3.%"%E%!(#-*,#3,&$#*41!,)#&E.43,%/&40#"!'#(!(?@!1*(,8#\!-&/&'B#
>'&&P# *($# @!1*(# +%,)!'%*(,# <&(&'*440# )&($&$# )!# ,)'&,,# )+&! @(/@(/*(,# (*)3'&# !"#
.'3.%"%E%!(# *($# =4*0# $!-(# )+&%'# !-(# ='*.)%.&# !"# )+%,# 1!$&# !"# &E&.3)%!(8# G+&#
.'3.%"%E%!(,# 50# H%)+'%$*)&,B#@!1&F,# *'.+?&(&10B# !"# )+&# )-!# P%(<,# !"# G+'*.&B# -&'&#
Q <
# [&6>&98!I&4+0:0K0#1'# ?2AC8# &+:"#(&0"#D95;7;+8!<4,V# QGGZ!?-++2V# Q<BZ#$&(&6,&8!E41V# !<!"#Q ?
# [&(-)-7;+#!"AQ?"#F C
# [&(-)-7;+#!"A!G"#F A
# [&(-)-7;+#!"AGQ"#F G
# U4-6>#7%&#,5+&+# ,*7&)#5(%&#,(;,*0*V*-6#-0#7%&#P&)*56#^*6>#D%5(6;+#@/#7%&#U++/(*56#^*6>#d*6;+Z#7%&#
,(;,*0*V*-6#-0#K/(;+#@/#7%&#=,/7%*56+"#[&6>&98!I&4+0:0K0#1'# GG2!"#
GQ#
<%/&(# *,# 7$&)&''&()# &E*1=4&,7# %(#)+&#\&44&(%,)%.#=&'%!$8# 24*)!B#)+&#>'&&P#=+%4!,!=+&'B#
-*,#*4'&*$0# "*1%4%*'#-%)+# )+&#='*.)%.&#!"#.'3.%"%E%!(B#*($#"'!1#+%,!G+/<*("# %)#-*,#.4&*'#
)+*)# .'3.%"%E%!(#-*,# !")&(#='&.&$&$# 50#/*'%!3,#P%($,#!"#)!')3'&8bM#;,#"*'#*,# )+&# >'&&P,#
-&'&# .!(.&'(&$B# )+&# 1*(0# .'3.%"%E%!(,# &E&.3)&$# 50# ;4&E*($&'# )+&# >'&*)# -&'&# -&44#
P(!-(8# ;# +!''%"%.# &E*1=4&# -!34$# 5&# )+&# ,%&<&#!"#G0'&# %(#-+%.+# )-!# )+!3,*($# *54&?
5!$%&$#,3'/%/!',#-&'&#.'3.%"%&$#50#;4&E*($&'8b^#
N!44!-%(<# )+&# $&*)+# !"#;4&E*($&'B# 2&'$%..*,# .*1&# %()!# =!-&'# *($# +&# 7)!')3'&$#*($#
%1=*4&$g.'3.%"%&$#X$/&!)*3=.!!&Y7#)+&#P%(<# h;'%*'*)+&,i#*($#*44#+%,#'&4*)%/&,#%(#9DD#V68b b#
G+&#,*1&#='*.)%.&#-*,#.!()%(3&$#%(#)+&#\&44&(%,)%.#1!(*'.+%&,B#*4)+!3<+#'&=!'),#*5!3)#%)#
*'&# "&-8#A!,&=+3,#-'!)&#*5!3)# .'3.%"%E%!(,# %(#A3$*&*# %(# CbJ#V6#-+&(#;()%!.+3,#Sf#
=&',&.3)&$# )+&# A&-,8bJ#
\&(<&4# *'<3&,# )+*)# )+&'&# -!34$# +*/&# 5&&(# (!# 4&,,# *-*'&(&,,B# "&*'# *($# $'&*$# !"#
.'3.%"%E%!(#%(#)+&#&*,)#!"#)+&#_1=%'&#)+*(#)+&#-&,)8#G+%,#-!34$#+*/&&(#&,=&.%*440#)'3&#
*1!(<# 4!-&'#.4*,,&,8# S)#%,#)+&(# '&*,!(*54&#)+*)#50# )+&# )%1&#!"#2*34B# .'3.%"%E%!(#-!34$#
+*/&&(# )+&! "&..&.! "&##'*%*&.# )+'!3<+!3)#)+&#&()%'&#_1=%'&8#G+%,#+%,)!'%.*4#'&*4%)0#
%,# !"#3)1!,)# %1=!')*()#5&.*3,&#-+&(# 2*34# ='!.4*%1&$#)+&# 71&,,*<&# !"# )+&# .'!,,7# !'#
76+'%,)#.'3.%"%&$7#X&8<8B#C#6!'8# C8D9K#D8DK#>*48#98CY#%(#/*'%!3,#=*'),# !"#)+&#_1=%'&B#1*(0#
+&*'&',# -!34$# P(!-# )+*)# )+%,# 76+'%,)7B#-+!1# +%,# "!44!-&',# '&<*'$&$# *,# 7)+&# R!(#!"#
>!$7#!'#&/&(# )+&#/&'0#7>!$7#+%1,&4"B#+*$#5&&(#=3)#!(#)'%*4#5&"!'!()%3,#2%4*)%P&#*#
.'%1%(*4# !'# '&5&4# *($# "!3($# 7<3%4)07# X!'# *)# 4&*,)# ='&,31&$# )!# 5&# ,!YB# -*,# &/&()3*440#
.'3.%"%&$8# G+*)# )+%,# .'3.%"%&$#A&,3,#!"#e*O*'&)+# .!34$# )'340# 5&# )+&# 7H&,,%*+7# ,&()# )!#
&*')+B# 7)+&# R!(#!"#>!$7B#7U!'$7# !"#*44B# *,# -&44# *,# .!1%(<#7A3$<&7# *)# )+&#-!'4$F,#&($B#
F !
# [&6>&98!I&4+0:0K0#1'# G!2B"#F B
# D957-8!U#&)V# BN!HK"#F Q
# K;(7*;+#3;0;+8!D0*/V!<,%KV! <! <7V!FF
f*-)-(;+8#=*,;9;+#A<"AF"!"#F N
# R-+&:%;+8#U67# AG"GQF"#
GF#
-!34$# 1!,)# .&')*%(40# +*/&# 5&&(# )+!3<+)# 43(*.0# *($# "!!4%,+(&,,# )!# *(0# &$3.*)&$#
F<#
=&',!(8#
S(# P&&=%(<# -%)+# )+&# /%&-# !"#\&(<&4B#%)#,&&1,#5&,)# )!#P&&=# )+&#>&()%4&! WX4KY6,-W# !"#)+&#
.'!,,# XC# 6!'8# C8D9Y# %(# )+&# "!'&<'!3($#*($# )!# $&*4# ,&=*'*)&40# -%)+# )+&# ,35[&.)# -%)+%(#
A&-%,+# )'*$%)%!(,8bQ#G+%,#,)3$0#*))&($,#)!#)+&#"!'1&'#1!'&#)+*(# )+&# 4*))&'8#\!-&/&'B#$3&#
)!#2*34F,# '&"&'&(.&#)!#76+'%,)#.'3.%"%&$7#5&%(<#7*#,)3154%(<#54!.P#)!#)+&#A&-,7# XC8D9YB#*#
,+!')#$%,.3,,%!(#!(#.'3.%"%E%!(#*($#7.3',&7# '&4*)&$#)!#7(!54&#$&*)+7# %(#A&-%,+#4%)&'*)3'&#
-%44#5&#!""&'&$#%(#*#4*)&'#,&.)%!(# XjD8MY8#
H*(0#!"#)+&#,&*),#!"#@!1*(#=!-&'B#,3.+# *,# R0'%*(#;()%!.+B# 2%,%$%*(#;()%!.+B#U0,)'*B#
S.!(%31B#G+&,,*4!(%.*B# 2+%4%==%B#G'!*,B#6!'%()+#*($#_=+&,3,#-&'&#*4,!#.&()'&,#!"#2*34F,#
1%,,%!(*'0# *.)%/%)08# S)#-!34$# 5&# '&*,!(*54&# )!# *,,31&#)+*)# )+&# @!1*(# <!/&'(!',# *($#
!""%.%*4,#%(#)+!,&#=4*.&,#-!34$# +*/&# "!44!-&$#)+&#@!1*(#='*.)%.&# *($#3,&$#.'3.%"%E%!(#
*,#*#1*[!'#.*=%)*4#=3(%,+1&()8#e!)#!(40#-!34$#2*34#5&#"*1%4%*'#-%)+# %)B#.'3.%"%E%!(#*,#*#
+!''%54&#&E&.3)%!(#-!34$# *4,!#5&#*#1*))&'#!"#.!11!(#P(!-4&$<&#)!#1!,)B#% "#(!)#*44#)+&#
=&!=4&8#T&,=%)&# %),#&E)'&1&#.'3&4)0B#)+&# *(.%&()# -!'4$# *,# *#-+!4&#$%$#(!)#,&&1#)!#+*/&#
)+&#%()&()%!(#)!#*5!4%,+#%)8#
_/&(# % "# .'3.%"%E%!(# -&'&# '&<*'$&$# *,# ,!1&)+%(<# &/%4# 50# )+&# 1!'&# 7&(4%<+)&(&$7# !'#
7.%/%4%O&$7# 4%P&# )+&# >'&.!?@!1*(# =+%4!,!=+&',# 6%.&'!# *($# R&(&.*B# %)# '&1*%(&$# *#
7(&.&,,*'0#&/%478#6%.&'!#,%1=40#$&,.'%5&$#.'3.%"%E%!(#*,! "&..&.! "&##'*%*&.# X7)+!,)#
.'3&4# =&(*4)07Y# *($! *")(.! #$")$.# X7)+*)# =4*<3&7YB# -%)+!3)# *(0# ,3<<&,)%!(# "!'# %),#
*5!4%,+1&()8JL# 2+%4!# $&,.'%5&$# %)# *,# 7=3(%,+1&()# *)# )+&# 3))&'1!,)7# XE*.8# ).,-75$WO#
K0"#[&6>&98!I&4+0:0K0#1'# <!"#
[&6>&98!I&4+0:0K0#1'# <B"#
K*,&(-8! J%&&V# Q"AF<8# AFG"#
GN#
$*;?!!=%*cJC#-+%4&# A!,&=+3,#=!')'*0&$# %)#*,# 7)+!,)#=%)%*54&# !"#$&*)+,7! =D(?&>&?! H@?!
W E b $ E W $ W j Y 8 J D# R&(&.*#.*44&$#)+&#.'!,,#7)+&#*..3',&$# )'&&7! =*,F$'*>! '*<,&.4IJ# *($#'&<*'$&$#
)+&#=*%(#!"#.'3.%"%E%!(#*,#*#7.4%1*E7!=$)! ,+?*""*.$! (%&)(.! %/&%$.49IK!
G+&# &E)&()#!"#,3""&'%(<#%(#.'3.%"%E%!(#+*$#='!1=)&$#R&(&.*#)!#*,P#,!1!,)#$%,)3'5%(<#
a3&,)%!(,# %(!L#*")&'($! :+/('$"# XCLC8CM""YI#
V3)# -+*)#,!')#!"#4%"&#%,#*#4%(<&'%(<#$&*)+]#6*(#*(0!(&#"!3($#-+!#-!34$#
='&"&'#-*,)%(<#*-*0#%(#=*%(B#$0%(<#4%15#50#4%15B#!'#4&))%(<#!3)#+%,#4%"&#$'!=#50#
$'!=B#'*)+&'#)+*(#&E=%'%(<#!(.&#"!'#*44]#6*(#*(0#1*(#5&#"!3($#-%44%(<#)!#5&#
"*,)&(&$#)!#)+&#*..3',&$# )'&&! M*,F$'*>! '*<,&.# X!'!(/@+/4# %,#)+&#.'!,,iB#4!(<#,%.P40B#
*4'&*$0#$&"!'1&$B#,-&44%(<#-%)+#3<40#)31!',#!(#.+&,)#*($#,+!34$&',B#*($#$'*-#
)+'&*)+#!"#4%"&#*1%$#4!(<?$'*-(?!3)#*<!(0]#S#)+%(P#+&#-!34$#+*/*(0#
&E.3,&,# "!'# $0%(<#&/&(#5&"!'!3()%(<#)+&#.'!,,k#
R&(&.*#,3<<&,)&$# )+*)#H*&.&(*,# ,+!34$#=&'+*=,#.!(,%$&'#,3%.%$&#*,#)+*,)#-*0#)!#
"'&&$!1#"'!1#)+(5&*'*54&# ,3""&'%(<#!"#.'3.%"%E%!(8#
T&,=%)&#)+&#$%/&',%)0#!"#)+&%'#5*.P<'!3($,#*($#.!()&E),B#1!,)#*(.%&()#-'%)&',#,&&1&$# )!#
+*/&#$&*4)#-%)+#!'#*)#4&*,)#1&()%!(&$#,!1&#!"#)+&#"!44!-%(<#,%<(%"%.*()#=!%(),#'&<*'$%(<#
.'3.%"%E%!(#%(#*()%a3%)08#
XCY# G+&# /*'%&)0#!"#=&!=4&# .'3.%"%&$I# .'%1%(*4,B# '&5&4,B# ,4*/&,B# A&-,# X%(.43$%(<# A&,3,YB#
6+'%,)%*(,B# *($# ,!1&)%1&,# &/&(# (!54&,# *($# @!1*(# .%)%O&(,8#G+%,# 4*,)# .*)&<!'0# -*,#
3($&',)*($*540#1!,)#,+!.P%(<#*($#3(*..&=)*54&# )!#)+&#@!1*(#=354%.8#
XDY# G+&# 3)1!,)# .'3&4)0# *($# 1*E%131# =*%(# X=+0,%.*4# *($# 1&()*4Y# )+*)# .'3.%"%E%!(#
%("4%.)&$#!(#)+&# /%.)%1,8#G+&'&#-&'&#/*'%!3,#"!'1,#!"#&E&.3)%!(B#"'!1# )+,3*4# .'!,,?
N A
# D%*9-8!L,-++V# AGF"#N G
# R-+&:%;+8! ?V>V# N"GCG"#N !
# D%*9-8!"#*/V# GB2GF"#N B
# =&6&,58! E6V# ACA"AB"#
!"#$%&'(&#&')%%&()&!*+$,-&#&$*%.%& (/&0((1& ()&2%#+3&4&5#)*%'-&(/& '()'6)%!7&!6."&#!&26)8*89&
#81&/,(99*897& 0%)%&:6*'%&.(++(8,-& #$$,*%1&'(&'"%&.)6.*/*%1&5*.'*+!3&
;<=& >"%& $62,*.& 1*!$,#-& (/& .)6.*/*?*(87& !(+%'*+%!& %5%8& '6)8*89& *'& *8'(& #& 1)#+#'*.&
!$%.'#.,%& /()&%8'%)'#*8+%8'& #81&#+6!%+%8'& '(& '"%& /6,,& !#'*!/#.'*(8& (/& '"%& +(!'& !#1*!'*.&
1%!*)%&(/& '"%&!$%.'#'()!3& @'&0#!&#,!(& *8&'"*!&.(8'%?'& '"#'&'"%&'('#,& #,*%8#'*(8&(/& '"%&5*.'*+!&
/)(+&'"%&)%!'&(/&"6+#8&!(.*%'-& 0(6,1&681%)!'#81#2,-&2%&+(!'&1%%$,-& /%,'3&
;A=& B%)"#$!& *8&8(& ('"%)& 0#-& 0#!& '"%& '('#,& "%,$,%!!8%!!& #81&$(0%),%!!8%!!& (/& #! "#$%&!
$%)!(8& ;*/& '"%& 5*.'*+& 0#!& !'*,,& 0()'"-& (/& !6."& 1%!.)*$'*(8CD=&+()%& 9)#$"*.#,,-& !"(08&
'"#8&'"%&5%)-&!*9"'&(/&.)6.*/*?*(8& *'!%,/3&
;E=& >"%& $62,*.& 1*!"(8(6)*89& (/& '"%& "6+#8& 2(1-& ;(/'%8& *8& '('#,& 8#F%18%!!& #81& /6,,&
%?$(!6)%=G& '"%& 1%$)*5*89& (/& #& 1%.%8'& 26)*#,& #81& %5%8& '"%& $(!!*2*,*'-& (/& '"%& .()$!%& ()&
2(1-&)%+#*8!&2%*89&'6)8%1&*8'(&/((1&/()&2%#!'!& #81&2*)1!3HE&
>"%!%&$(*8'!& 0*,,& 2%&%?$,()%1&/6)'"%)3&
I3<&J)6.*/*?*(8Q&K(+#8&,#0&%8/().%+%8'&
L%/()%& *85%!'*9#'*89& .)6.*/*?*(8&#!&#&.#$*'#,&$68*!"+%8'& /()&$%($,%& (/& 1*//%)%8'& .,#!!%!&
*8&'"%&K(+#8&!(.*%'-7& *'&*!&8%.%!!#)-&'(& "#5%&#&9%8%)#,&5*%0& #2(6'&'"%&5*'#,&,*8F& 2%'0%%8&
$68*!"+%8'Q&!(.*#,&!'#'6!7&#!&0%,,& #!&K(+#8&,#0&%8/().%+%8'& #81&'"%!'%(! )*$%&%+!
K(+#8& '"%()*%!& (/& $68*!"+%8'& 0%)%& ."#)#.'%)*M%1&2-& #& )%!$%.'& /()& !'#'6!& 2#!%1& (8&
.(85%8'*(8#,& !(.*(N$(,*'*.#,& )%,#'*(8!"*$!& *8& !(.*%'-3& >"*!& 0#!&+()%& .,%#),-&)%/,%.'%1&*8&
O(+%&$)*+#)-&'%?'6#,&%5*1%8.%!& /()&'"%!%&$(*8'!&0*,,&2%&.*'%1&*8&!%.'*(8& ;PI3<NI3A=3&
QR&
'"%& #.'*(8!& #81&#''*'61%!& (/&S61*.*#,& (//*.*#,!& '"#8& *8& ,%9#,& '"%()-3& T#)8!%-&%,#2()#'%!U&
VW0"%8X& *85%!'*9#'*89& '"%&')%#'+%8'&9*5%8& '(&1%/%81#8'!& (/&1*//%)%8'&!'#'6!& *8&'"%&5#)*(6!&
.(6)'!7& *'& 0#!& /(681& '"#'& ,(0N!'#'6!& 1%/%81#8'!& 0%)%& 2)(69"'& 2%/()%& '"%& O%8#'%& ()&
Y+$%)()&+()%& (/'%8&/()&$68*!"+%8'& '"#8& /()& ')*#,7& #81&'"#'& */& '"%-& 0%)%& !62S%.'%1& '(& #&
)%,#'*5%,-& /6,,& %?#+*8#'*(8& #81&/(681& 96*,'-7& '"%-& )%.%*5%1& "#)!"%)&$%8#,'*%!& '"#8&"*9"N
H H&
!'#'6!&1%/%81#8'!& (8&'"%&!#+%&."#)9%!3V&
,#$$#$! -#../010#$& 0#!& '"%& +(!'& !%)*(6!& $%8#,'-& /()& (//%81%)!& (/& ,(0& !'#'6!3& >"*!&
.(5%)%1& !%5%)#,& #99)#5#'%1& /()+!& (/& '"%& 1%#'"& $%8#,'-7& *8.,61*89& %?$(!6)%& '(& 0*,1&
2%#!'!! 234-500-! 6%7089& .)6.*/*?*(8! 217#(89& #81& 2%*89& 26)8%1& #,*5%! 2:0:#-! #709! *7!
174$%50*8+&
& K(+#8&.*'*M%8!7& (8& '"%& ('"%)& "#817& 0%)%& )#)%,-& $68*!"%1& 2-&.)6.*/*?*(8&
#..()1*89& '(& '"%& !(.*#,& .(85%8'*(8& (/& '"%& '*+%7& #,'"(69"& '"%)%& 0%)%& !(+%& %?.%$'*(8#,&
.#!%!3& O6."&.,#!!& .(8!.*(6!8%!!& #81&!(.*#,& 1*!'*8.'*(8& 0%)%& 5%)-& !*98*/*.#8'7& %!$%.*#,,-&
0*'"&)%/%)%8.%&'(&'"%&.)6.*/*?*(8&(/&Z%!6!Q&B#6,[!&V+%!!#9%&(/&'"%&.)(!!V3&
>"%&K(+#8![&.(8.%)8&/()&!(.*#,&$%#.%& #81&()1%)&"#1&#,+(!'& 2%.(+%&$#'"(,(9*.#,3HR
&4!&
!6."7& %5%8& 5%)-& %8,*9"'%8%1& $"*,(!($"%)!& #9)%%1& '"#'& *'& 0#!& 8%.%!!#)-& '(& $68*!"&
.)*+*8#,!& !%5%)%,-& '(& +#*8'#*8& '"%& K(+#8& ,#0& #81& '"%! '%(! )*$%&%+& @'& 0#!& #,!(&
9%8%)#,,-& #9)%%1& '"#'&/()&'"%& ,#0	#*8!'&.)*+*8#,!&'(&2%&%//%.'*5%,-& .#))*%1&(6'7&$"-!*.#,&
$68*!"+%8'& '(& '"%& 6'+(!'& 0#!& 8%.%!!#)-7& #,'"(69"& '"%& *1%#,*!'*.& $"*,(!($"%)& B,#'(& #,!(&
2%,*%5%1& *8&'"%! 1*774150:4& $6)$(!%&(/&$68*!"+%8'3& >"%&%?%.6'*(8& 0#!&6!6#,,-&$)%.%1%1&
2-& 5#)*(6!& F*81!& (/& '()'6)%7& %3937& 26)8*89& (/& '"%& .)*+*8#,[!&%-%!& #81& /,(99*893& O(+%&
\I&
'()'6)%!&0%)%&%5%8& *8/,*.'%1&(8&+%+2%)!&(/&'"%&.)*+*8#,[!&/#+*,-3&
H ]
& T#)8!%-7!,*10%/! ,5%5#-9& INQ3&H H
& T#)8!%-7!,*10%/! ,5%5#-9& RRNI^^3&H \
& T#)8!%-7!,*10%/! ,5%5#-9& I^A3&H R
& J3& 43&L#)'(87!;"4!,*77*<-! *=!5"4!>&104&5! )*$%&-& ;B)*8.%'(87&_3&Z3U& B)*8.%'(8&`8*5%)!*'-&B)%!!7&IRR<=7&
I\ 3&\ ^
& B,#'(7!?*7@+& EQEL3&J(,%+#87&[a#'#,&J"#)#1%
>"%& O'(*.& $"*,(!($"%)& O%8%.#& .*'%1& '")%%& +#*8& .(8.%)8!& *8& K(+#8& .)*+*8#,& ,#0U&
.())%.'*(87& 1%'%))%8.%7& #81& '"%& )%!'()#'*(8& (/& !%.6)*'-3& b%& 2%,*%5%1& '"#'& '"%& 2%!'&
.())%.'*5%& *!! -4:4705%-& ;!%5%)*'-=7& 26'& *'&+6!'& 8('& 2%& (5%)N6!%13& >"*!& 0#!& #,!(& ,#)9%,-&
T%,,*6![& $(!*'*(83&
c()%(5%)7& '"%)%&0#!& #,!(& '"%&%,%+%8'&(/& )%')*26'*(8&0"*."&+#1%& '"%&$)*+*'*5%& 1%+#81!U&
V#8& %-%& /()& #8& %-%& #81& #& '(('"& /()& #& '(('"V3& K%')*26'*(8& )%#!!%)'%1& '"%& !'#'6!& (/& '"%&
$%)!(8& 0"(& "#1&2%%8&0)(89%17& #81&%8!6)%1& '"#'& 16%& )%!$%.'& 0#!& $#*1& '(& "*+&;T%,,*6!7&
A*15+>55+& H3IA3<=3\A&
B"*,([!& 0()F& #,!(& !"(0!& .,%#),-&"(0& .)6.*/*?*(8&0#!& '"(69"'& '(& 2%&+(!'& /*''*89& /()& '"%&
( )&
0()!'& .)*+*8#,!3& B,6'#)."&!*+$,-&)%/%))%1&'(&.)6.*/*?*(8&#!&#&/()+&(/& %?%.6'*(8& /()&'"%&
.)*+*8#,& 0*'"& '"%& *+$()'#8'& :6#,*/*.#'*(8& '"#'& '"%& 5*.'*+& V+6!'& .#))-& "*!& (08& .)(!!V3\]&
>"%& .)6.*/*?*(8& (/& )(22%)!& 2-& '"%& -(689& J#%!#)& *8& B%)9#+6+& #2(6'& HE& LJ& 0#!&
)%.()1%1&2-&B,6'#)."3\H&
O6%'(8*6!& )%$()'%1& '"#'& J#%!#)& "#1& '"%& $*)#'%
d%'%))%8.%&0#!& 9*5%8&S6)*!$)61%8'*#,& )%.(98*'*(8& 2-&J#,,*!')#'6!& *8!C0@+& A\3& IR3& Q\3& IEU&
V'"%& $)#.'*.%& #$$)(5%1& 2-& +(!'& #6'"()*'*%!& "#!& 2%%8& '(& "#89& 8('()*(6!& 2)*9#81!& (8& #&
9#,,(0!& *8&'"%& $,#.%& 0"*."& '"%-& 6!%1& '(& "#68'7& !(& '"#'&2-& '"%& !$%.'#.,%& ('"%)!& +#-& 2%&
1%'%))%1& /)(+& '"%& !#+%& .)*+%!3VR^
&L6'& #!& J(,%+#8& "#!& )*9"',-& $(*8'%1& (6'& V'(& 2%& #8&
%//%.'*5%&1%'%))%8'7& #&$%8#,'-& !"(6,1&#)(6!%&"())()Q%)!*(8G&8(& 1(62'& #61*%8.%!& *8&
'"%& #+$"*'"%#')%& %?$%)*%8.%1& '"%!%& !%8!#'*(8!7& 26'& !(& %//%.'*5%& 0#!& '"%& 96,/& .)%#'%1&
2%'0%%8& !$%.'#.,%& #81& !$%.'#'()!& '"#'& '"%& 1(+*8#8'& )%#.'*(8& #+(89& '"%& #61*%8.%& 0#!&
$,%#!6)%& )#'"%)&'"#8& )%56,!*(83VRI
&c()%& 0*,,& 2%& !#*1& (8& '"*!& *8& )%,#'*(8& '(&.)6.*/*?*(8&
2%*89&(..#!*(8& /()&$62,*.&%8'%)'#*8+%8'& ;!%%& PI3E3Q=3&
d%!$*'%& *'!& %?')%+%& .)6%,'-& #81&*8"6+#8*'-7&.)6.*/*?*(8&0#!& :6*'%& 9%8%)#,,-& '"(69"'& '(&
"#5%& .(8')*26'%1& !*98*/*.#8',-& '(& '"%& +#*8'%8#8.%& (/& $%#.%& #81& ()1%)& (/& '"%& K(+#8&
!(.*%'-& #9#*8!'& '"%& '")%#'& (/& '"%& 0()!'& .)*+*8#,!3& @'!& %+$,(-+%8'& 0#!& '"6!& ,#)9%,-&
'"(69"'& '(&2%&S6!'*/*%1&*8&'"%&5#!'&Y+$*)%&0"%)%&'"%!'%(! )*$%&%& +6!'&2%&+#*8'#*8%1&#'&
#,,& .(!'3& >"%& 9(5%)8()& (/& O-)*#7& e6#1)#'6!7& /()& %?#+$,%7& .)6.*/*%1& !(+%& 16)*89& #&
')(62,%!(+%& 1*!'6)2#8.%& *8& '"%& $)(.6)#'()!"*$&(/& J6+#86!3RQ
&a%,*?& 1*1& '"%& !#+%& 0*'"&
+#8-&2)*9#81!& *8&()1%)&'(& )%!'()%& ()1%)3&Z(!%$"6!& #,!(& )%.()1%1&#&.(8!*1%)#2,%&86+2%)&
(/&$%($,%&0"(&0%)%&)%9#)1%1&#!&V)(22%)!f2)*9#81!V&2%*89&.)6.*/*%1&2-&a%,*?& *8&Z61#%#3R<&
L)(#1,-& !$%#F*897& '")(69"(6'& '"%& /*)!'&.%8'6)-&$%($,%!& *8&'"%&Y+$*)%& 9%8%)#,,-& %8S(-%1&
'"%!'%(!)*$%&%& *8&0"*."&'"%& ,#0&0#!& ,#)9%,-&%//%.'*5%Q&'"%+*8*!')#'*(8&2#!*.#,,-&
0%,,& /68.'*(8%13RA
&4!& !6."7& #&9%8%)#,& "#)1& ,*8%& 0#!& '#F%8& #9#*8!'& '"(!%& .)*+*8#,!Q&
)(22%)!& 0"(& '")%#'%8%1& !(.*(N$(,*'*.#,& !%.6)*'-& #81& "6+#8& ,*5%!& #81& '"%& 6!%& (/&
.)6.*/*?*(8& #9#*8!'& '"%+& '%81%1& '(& 9#*8& 9%8%)#,& #$$)(5#,& #81& #..%$'#8.%3& 4!& !6."7&
R ^
& J(,%+#87& [a#'#,&J"#)#1%
.(8'%+$'& /()&'"(!%& 0"(& !6//%)%1& *'& 0#!& '"6!& !(+%'"*89& '(& 2%& #..%$'%13& _('& (8,-& 0#!&
'"*!&+(!'& "())*2,%&/()+&(/&%?%.6'*(8& #2,%& '(&$)(16.%& *'!& 1%!*)%1&1%'%))%8'&%//%.'7&26'& '"%&
5*.'*+& 0"(& "#1& !6//%)%1& *8& '"%& "#81!& (/& '"%& .)*+*8#,f)(22%)&.(6,1& #,!(& 1)#0& !(+%&
!#'*!/#.'*(8&/)(+&'"%& !*9"'&(/&*'3&
4!& Z6!'*8&Y$*'(+#'()&:6*'%& .,%#),-& !'#'%!U! #5! 45! 1*&-.415#! 6454774%&5#7! %/00! %3! 0-64$!
=%10&*703#-! 45! -*/%10*! -05! 1*@&%50-! 45! %6=0&03#-! 0&5474$.5*7#$! 4*64$! /*1*! .*4&%!
746605%9! 0&!F#*! /%57*&4-! "*$01060%! =410--4&5& ;'"#'& '"%& !*9"'& +#-& 1%'%)& ('"%)!& /)(+&!6."&
.)*+%!Q&2%&#&.(+/()'& '(&'"%&)%,#'*5%!Q&8%*9"2(6)!& (/&'"(!%&0"(+&'"%-&"#5%&F*,,%17&
'"%&$%8#,'-& *!&'(&2%&%?#.'%1& *8&'"%&!#+%&$,#.%&0"%)%&'"%&)(22%)!&1*1&'"%*)&+6)1%)!=3RE&
@'& 0#!& *8& '"*!& $#)'*.6,#)&.(8'%?'& '"#'& e6*8'*,*#8&"#*,%1& '"%& .)6.*/*?*(8&(/& .)*+*8#,!&#!&
9((1& 0()FU! F#*504&-! &*(0*-! 17#10=0@0$#-! 14/434770$%4! 4/0@#&5#7! :0%49! #30! ./#70$0!
0&5#4709! ./#70$0! 1*$$*:470! "*1!$45#! .*--0&5+! *$&0-! 4&0$! .*4&%! &*&! 5%7&!%6! 2:0&86015%$!
.4750&459! F#%$! %6! 4(4$./#$& ;0"%8%5%)& 0%& .)6.*/-&.)*+*8#,!7&'"%& +(!'& "%#5*,-& 6!%1&
)(6'%!& #)%&."(!%8& 0"%)%& '"%& 9)%#'%!'& 86+2%)&(/&$%($,%&.#8&0#'."Q&2%& *8/,6%8.%1&2-&
'"*!& '")%#'G& /()& %5%)-& $%8#,'-& *!& #*+%1&8('& !(& +6."& #'& '"%& (//%8.%&#!& #'& *'!& %?%+$,#)-&
5#,6%=3R]&
I3A&g*.'*+!&(/&.)6.*/*?*(8&
I3A3I&J)6.*/*?*(8&(/&!,#5%!&
4,'"(69"&!,#5%)-&0#!&$)#.'*!%1&*8&+(!'& #8.*%8'&.6,'6)%!7.*%8'&T)%%.%Q&K(+%&0%)%&
'0(& !(.*%'*%!& *8&0(),1&"*!'()-&0"*."&!%%+& '(&"#5%&2%%8&2#!%1&(8& !,#5%)-3&@81%$%81%8',-7&
R E
& Z6!'*8&Y$*'(+#'()7!C0@+& A\3IR3Q\3IE3&R ]
& B!3Ne6*8'*,*#87!C41/+! GH!>+&I<3&
<<&
'"%& T)%%F!& #81& K(+#8!& "#1& #$$#)%8',-& ')#8!/()+%1& !,#5%)-& *8'(& #8& *8!'*'6'*(8#,*M%1&
!-!'%+& (/& ,#)9%N!.#,%& %+$,(-+%8'& (/& !,#5%& ,#2(6)& *8& 2('"& '"%& .(68')-!*1%& #81& '"%&
.*'*%!3RH
& >"%& !-!'%+& (/& !,#5%)-& 0#!& /6,,-& 1%5%,($%1& #81& !'#2*,*M%1& #!& #& !(.*(N,%9#,&
*8!'*'6'*(8&2-&'"%&Q8 1
& .%8'6)-& LJ3&
@8& K(+#8& !(.*%'-& '"%& ,#0& .(++(8& '(& #,,&$%($,%!! 20#-! @4&50#$8& 0#!& $%).%*5%1& '(& 2%&
1*//%)%8'&/)(+&'"%& ,#0&(/&8#'6)%!20#-!&%5#7%/48+& O,#5%)-&0#!& )%9#)1%1&#!&*8!'*'6'*(8&(/&
'"%! 0#-! @4&50#$9& !(+%'"*89& %!!%8'*#,,-& .(8')#)-& '(& '"%& ,#0& (/& 8#'6)%& #81& '"%& 2#!*.&
$)*8.*$,%& (/& "6+#8& %:6#,*'-3& O,#5%!& 0%)%& #,!(& "%,1& '(& 2%! .7*! &#//*& #'& ,#0& #81&0%)%&
'"6!& ,%9#,,-& 0*'"(6'& )*9"'!& ()&16'*%!3& @8&('"%)& 0()1!7& 681%)&K(+#8& ,#07& !,#5%!& .(6,1&
(08&8('"*893V&J)6.*/*?*(8&0#!&'"%&!'#81*89&/()+&(/&%?%.6'*(8& /()&!,#5%!3I ^ ^&
@8& '"%*)& 0)*'*89!7& J*.%)(7& g#,%)*6!& c#?*+6!7& >#.*'6!7& h*5-& #81& B,#6'6!& .,%#),-&
+%8'*(8%1& .)6.*/*?*(8& #!& V!,#5%![& $68*!"+%8'V! 2-47:0/4! -#../010#$8+I^I
& c()%(5%)7&
J#,,*!')#'6!& 0)('%& '"#'& !,#5%!& 0%)%& ')#1*'*(8#,,-& $68*!"%1& +()%& !%5%)%,-& '"#8& /)%%&
O,#5%!&,*5%1&.(8!'#8',-&681%)&'"%&'")%#'&(/& '"%! -47:0/4! -#../010#$& 0"*."&*8&'"%& !-!'%+& (/&
!,#5%)-& (/& '"%& '*+%& (/'%8&+%#8'& .)6.*/*?*(83&>"%&'%)+&"#1&2%.(+%& ,*F%& #& !-8(8-+& (/&
.)6.*/*?*(8& *'!%,/3& >"%&/(,,(0*89& 1*#,(96%& 2%'0%%8& #&K(+#8&+#')(8Q&"%)&"6!2#81&*!&
+(!'&)%5%#,*89U&
VJ)6.*/-& '"#'& !,#5%CV& !#-!& '"%& 0*/%3& VL6'& 0"#'& .)*+%& 0()'"-& (/& 1%#'"& "#!& "%&
.(++*''%1DV& #!F%1& '"%& "6!2#81G&V0"%)%& #)%&'"%& 0*'8%!!%!D& i"(& *8/()+%1& #9#*8!'&
"*+D& T*5%& "*+&#&"%#)*89&#'&,%#!'G& 8(&1%,#-& .#8&2%& '((& ,(89& 0"%8& #&+#8[!& ,*/%& *!&#'&
R H
& c3&@3&a*8,%-7!>&104&5! ,/%:47I! %&6!J*647&! K64*/*@I& ;h(81(8U&J"#''(&j&i*816!7& IR\^=7&]H3&R \
&i3&i3&L6.F,#817! ;"4!)*$%&! L%<!*=!,/%:47I& ;h(81(8U&J#+2)*19%&`8*5%)!*'-&B)%!!7&IRH^=7& I7&I 3&R R
& T#*6!7! K&-5+& Q3R]3& a()&#&.(8.*!%& 1*!.6!!*(8& (/& '"%& ,%9#,& #!$%.'!& (/! .41#/0#$9& !%%& 43&i#'!(87! )*$%&!
,/%:4! L%<&;L#,'*+()%U&Z("8&b($F*8!& 8*5%)!*'-&B)%!!7&IR\H=7&REN]3&I ^ ^
& T#)8!%-7!,*10%/! ,5%5#-9& IQH3&I ^ I
& J*.%)(7! M477+& E3I]RG&g#,%)*6!&c#?*+6!&Q3H3IQG&>#.*'6!7!N0-5+& A3IIG&h*5-&QR3I\3IAG&B,#6'6!7!J0/+&E<RNA^G&
J*-5+& II<<7&<ERN]AG!'47+& \EEN]3&I ^ Q
& J#,,*!')#'6!7!C0@+& A\3IR3Q\3I]3&
<A&
!'#F%CV& Vi"#'7&-(6& 86+!F6,,D&k(6& .#,,& #& !,#5%& #&+#87& 1(& -(6D& b%& "#!& 1(8%& 8(&
0)(897& -(6& !#-D&L%& *'& !(G& 26'& '"*!& *!&+-&0*,,& #81&+-& .(++#81U& ,%'& +-& 0*,,& 2%& '"%&
5(6."%)& /()& '"%& 1%%13V& ;O'*&4! 17#14$! -47:*+O! O$47#05! F#*! 170$0&4! -47:#-!
-#../010#$P! F#0-! 54-50-! %64-5P! F#0-! 645#/05P! %#60Q! &#//%! #$F#%$! 64! $*754! "*$0&0-!
1#&15%50*! /*&@%! 4-5+O! O*! 64$4&-9! 05%! -47:#-! "*$*! 4-5P! &0/!=4147059! 4-5*R! "*1! :*/*9! -01!
0#34*9! -05!.7*! 7%50*&4! :*/#&5%-+O8!
>"%& K(+#8&+#')(8[!&.(++#81&N& V.)6.*/-&'"#'& !,#5%V! 2.*&4! 17#14$! -47:*S8& +#-&.#6!%&
(8%& '(& )%.#,,& '"%& !"(6'& (/& '"%&."*%/&$)*%!'!Q&'"%&$(,*.%& 16)*89&'"%& ')*#,& (/& Z%!6!&2%/()%&
B(8'*6!& B*,#'%U&VJ)6.*/-& "*+C&J)6.*/-& "*+CV&;('#6$.S((5& l>#6$.(((57& Z("8& IR3]=3&L%*89&
#&0%,,& *8/()+%1&K(+#8&.*'*M%8& #81&#&!%#!(8%1& ')#5%,,%)7&B#6,& !"(6,1&"#5%&8(&1*//*.6,'-&
*1%8'*/-*89&'"%& .)6.*/*%1&J")*!'& 0*'"&#&.)6.*/*%1&!,#5%7& #!&"%& "#1&#$$#)%8',-&1(8%&*8&'"%&
VB"*,*$$*#8&"-+8V&;B"*,3& Q3ENII=7&0"%'"%)&'"%&"-+8&0#!&(/&B#6,*8%&()*9*8&()&8('3&
4& 8%9#'*5%& #''*'61%& '(0#)1!& !,#5%!& 0#!& )%/,%.'%1& %5%8& *8& '"%& +*81& (/& %8,*9"'%8%1&
$"*,(!($"%)!3& J*.%)(& 1%/%81%1& m*89& d%*('#)6!&0"(& 0#!& #..6!%1&2-& "*!& )68#0#-&!,#5%&
(/& +*!.(816.'3& @8&J*.%)([!&($*8*(8U& V#..()1*89& '(& '"%& $)#.'*.%& (/& (6)& #8.%!'()!7& *'& *!&
*,,%9#,& '(&!%%F&%5*1%8.%& /)(+&#&!,#5%	#*8!'&"*!&+#!'%)V3&J*.%)(&0#!&!(& #89)-&0*'"&0"#'&
"%&2%,*%5%1& '(&2%& #&/#,!%& #..6!#'*(8&(/& '"%&)68#0#-&!,#5%& '"#'&"%& '"(69"'& %5%8& '"%& .)6%,&
$%8#,'-& (/& .)6.*/*?*(8&0#!& 8('& #1%:6#'%& #!& #& '()'6)%& /()& "*+3& VJ#8&'"%& .)(!!& *8/,*.'&
#1%:6#'%& '()'6)%&6$(8&'"*!&)68#0#-DV&J*.%)(&#!F%13I^A&
@8& 5%)-&5*5*1&'%)+!7&J*.%)(& #,!(&1%!.)*2%1&'"%&.)6.*/*?*(8&(/& !,#5%!& 0"(&0%)%& !6!$%.'%1&
(/&.(8!$*)#.-U&
>"(!%& +%87& #/'%)& 2%*89& .(85*.'%1& (/& '"%& .)*+%& (/& .(8!$*)#.-7& "#81%1& (5%)& '(&
%?%.6'*(87& #81& 2(681& '(& '"%& !'#F%333"(0& %//%.'*5%,-& "%& /)*9"'%8%1& '"%+& *8'(&
F%%$*89& :6*%'C& b%& "#!& ()1%)%1&#))%!'!&'(& 2%& +#1%N'"#'& +6!'&"#5%& '%))*/*%1&'"%+&
#,,G& "%& "#!& !6++(8%1& '"%*)&+#!'%)!& '(& '"%*)& ')*#,N0"#'& .#8& #,#)+& !,#5%!& +()%&
'"#8& '"#'D& 333i"#'&*!& '"%&8%?'& !'%$D&>"%&,#!"7&'"%& /*)%7Q&'"#'& /*8#,&!'#9%& *8& '"%&
$68*!"+%8'& (/& '"%& 96*,'-& #81& '"%& *8'*+*1#'*(8& (/& '"%& )%!'7& '"%& '()+%8'!& (/&
.)6.*/*?*(8! 2+++T#06! 640&64! -4F#05#7P! M47347%! %5F#4! 0@&4-! 45! 0/0%! 4(574$%! %6!
-#../010#$! 6%$&%5*7#$9! $45#$! 14547*7#$9! 17#10%5#-! 45! 17#(8+HUV!
Z65%8#,7!,%5+& ]3QIR3&
J*.%)(7! C40*5+& Q]3&
J*.%)(7! M477+& E3IINQ7&IA3&
<E&
4..()1*89& '(&i%,2()87&V'"%&+(!'& 5*5*1&)%/%)%8.%!&'(& .)6.*/*?*(8&*8.*%8'&,*'%)#'6)%&#)%&
/(681& *8& '"%& .(+%1*%!& (/& B,#6'6!7& *8& 0"*."& '"%& ,*5%!& (/& !,#5%!& #)%& $()')#-%1& 0*'"&
68$#)#,,%,%1& !-+$#'"-3& @'&*!&"%)%&'"#'&(8%& %8.(68'%)!& #&$"%8(+%8(8& '"#'&*!&%!!%8'*#,& '(&
#8&681%)!'#81*89&(/&B#6,[!&1*.'6+&(8&'"%& [/(,,-[&(/& ['"%&0()1&(/& '"%&.)(!!U[&)%/%)%8.%!&'(&
.)6.*/*?*(8& *8& B,#6'6![& .(+%1*%!& #,+(!'& #,0#-!& '#F%& '"%& /()+& (/& S(F%!CVI ^ ]
&B,#6'6![&
0)*'*89!& #)%& /6,,& (/& !6."& V9#,,(0!& "6+(6)V3I^H
&Y5%8& +()%& /)%:6%8'& #)%& $,#.%!& 0"%)%&
!,#5%!&6!%1&'"%&0()1!17#(& *8&56,9#)&'#68'!7&.#,,*89&(8%& #8('"%)&V.)(!!N+%#'VQ&V.)(!!N
2*)1V7I ^ \
& ()&2*11*89&(8%& #8('"%)&'(&V9(& 2%&"#89%1CV& I ^ R&
i%,2()8& "#!& #,!(& /(681& '"#'& '"%& )%$()'& (/& '"%& .)6.*/*?*(8&(/& #& !,#5%& 0#!& !(+%'*+%!&
V!#810*."%1& 2%'0%%8& #& +*+*.& 1#8.%& #81& #& 9-+8#!'*.& !$%.'#.,%3VII^
& >"%& '"%+%& (/&
.)6.*/*?*(8&0*'"&.(+*.& /%#'6)%!&.(6,1&#,!(&2%& /(681&*8&8(5%,!& #81&)(+#8.%!3III
&T#,,(0!&
"6+(6)& #,!(& #$$%#)%1& *8& !#'*)*!'![& 2((F!3I I Q
& >"%& .(88%.'*(8& 2%'0%%8& .)6.*/*?*(8Q&
.(+%1-& #,!(&(..6))%1&*8&$(,*'*.#,&0)*'*893II <&
a()& #&K(+#8&*8&'"%.*%8'&0(),17&!$%%."&0#!&#&+(!'& .)6.*#,& %,%+%8'& *8&'"%&#!!%)'*(8&(/&
#&+#8[!&$(0%)& #81'"()*'-&#!&0%,,& #!& !'#'6!& *8&!(.*%'-3& @'&0#!& #&+(!'& '#89*2,%& 0#-& (/&
1%+(8!')#'*89& "*!&+#!.6,*8*'-3&4& !,#5%& 0"(& "#1&#,)%#1-&2%%8& 1%$)*5%1&(/& #,,& .*5*,& #81&
"6+#8& )*9"'!& /()& ,*/%7& 0#!& !(+%'*+%!& 8('& 9*5%8& '"%& ($$()'68*'-& %5%8& '(& 5(*.%& "*!&
9)*%5#8.%!& 16)*89& '"%& '*+%& (/& "*!& .)6.*/*?*(83& J*.%)(7& 0"*,%& 8('& (2S%.'*89& '(& '"%&
.)6.*/*?*(8&*'!%,/7&8(8%'"%,%!!& (2S%.'%1&!')(89,-&'(&'"%&.6''*89&(/& #&!,#5%[!& '(896%3IIA&
I ^ ]
& i%,2()87!W**/9& I<A3&I ^ H
& B,#6'6!7!J0/+&<HQN<7&E<RNA^7& ]I^NAG!'47+&\EEN]G!,5+& ]QEN]G!X.+&<ERN]A3&I ^ \
& B,#6'6!7!>#/+& EQQG! D%11"+& E\AG! B*-+& AI]G! J*-5+& <ERN]AG& >%)%8.%7&Y0837<\<G&B%')(8*6!7! ,%5I7+& IQ]3RG&
E\3Q3&I ^ R
& B,#6'6!7!>-+&RA^G!D%11"+& R^QG!J*-5+& II<<G!B%-+&R<7&]AI7&RHHG!B#7& ]II3&I I ^
& B%')(8*6!7!,%5I7+& E<3<3&i%,2()87!W**/9& I<HN\3&I I I
& B%')(8*6!7! ,%5I7+& IIIN<3& n%8($"(87! X."+&A3Q& ;!%%& L3&B3& K%#)1(87! B*//41546! >&104&5! ?744Y! A*:4/-!
;L%)F%,%-U&`8*5%)!*'-&(/&J#,*/()8*#&B)%!!7&IR\R=7& IEENH=3&I I Q
& Y3937&b()#.%7!,%5+& I3<3H]NH7&\QN<G&B%')(8*6!7!,%5I7+& EQG&Z65%8#,7!,%5+& ]3QIRNQ<3&7 I <
B"*,(7! W/%11+& HQN\E3&I I A
& J*.%)(7!BK+&I\H3&
<]&
>"%& .)6.*/*?*(8& (/& !,#5%!& 0#!& $#)'*.6,#),-&!*98*/*.#8'& '(& B#6,[!& V+%!!#9%& (/& '"%& .)(!!V&
2%.#6!%& Z%!6!&J")*!'&"*+!%,/& V'((F&(8& '"%& /()+&(/& #&!,#5%V& ;/*($Ao[)pg&O(6n(6! Z%=0#:9& B"*,3&
Q3H=& 0"%8& "%& 0#!& .)6.*/*%17& #81& B#6,& $)(61,-& 6!%1& V!,#5%& (/& J")*!'V& ;](643(qG&[@8((l&
n$*('(l7&K(+3& I3I=& #!&"*!&(08& !%,/N1%!*98#'*(83&
I3A3Q&J)6.*/*?*(8&(/&Z%0!&
@8& '"%& K(+#8& ')#1*'*(8& '"(!%&0"(& 0%)%& 96*,'-& (/& 2%')#-*89& '"%*)& (08& $%($,%& '(& /()%*98&
%8%+*%!&+6!'& 2%& !62S%.'%1& '(& '"%& 6'+(!'&1*!"(8(6)& #81&!"#+%& #81&'"*!& +*9"'& 2#!*.#,,-&
%?$,#*8& '"%& .)6.*/*?*(8& (/& %*9"'& "681)%1&B"#)*!%%!& 2-& 4,%?#81%)& Z#88#%6!7& 0"*."& 0#!&
)%.()1%1& 2-& Z(!%$"6!3IIE
& m*89& b%)(1& !%%+%1& '(& "#5%& )%/)#*8%1& /)(+& 6!*89& .)6.*/*?*(8&
#!& #& /()+& (/& %?%.6'*(8& #81& Z(!%$"6!& "#1& 8(& )%.()1& (/& #8-& .)6.*/*?*(8& /)(+& b%)(1[!&
'*+%3&>"%&%?.%!!*5%& 6!%& (/& .)6.*/*?*(8&2-& '"%& K(+#8!& *8&Z61%#&"#1&)%#,,-& $6'& '"%& Z%0!&
(//7& !(& '"#'& /)(+& '"%& '*+%& (/& 1*)%.'&K(+#8&)6,%& *'& 2%.#+%& #&F*81&(/& '#2((& #!& #&+(1%&(/&
Z%0*!"& .#$*'#,& $68*!"+%8'3& O6."& #''*'61%& ."#89%& *!& #,!(& )%/,%.'%1& *8& )#22*8*.&
*8'%)$)%'#'*(8& (/&d%6'%)(8(+-& QI3Q<3&b%89%,& %?$,#*8!U&
g#)6!& "#1& #,)%#1-& "#1& '0(& '"(6!#81& $)*!(8%)!& .)6.*/*%1&#)(681&Z%)6!#,%+7Q&
4d& H^7& '"%& -%#)& (/& '%))()7& 2)(69"'& #& !())-& .,*+#?& *8& '"*!& )%!$%.'& '((3&
_%5%)'"%,%!!7& '"%& .)(!!& 8%5%)& 2%.#+%& '"%& !-+2(,& (/& Z%0*!"& !6//%)*89G& '"%&
*8/,6%8.%& (/& d%6'%)(8(+-& QI3Q<& +#1%& '"*!& *+$(!!*2,%3& O(& #& .)6.*/*%1&+%!!*#"&
.(6,1& 8('& 2%& #..%$'%1& %*'"%)3& @'& 0#!& "%)%& '"#'& '"%& $)%#."*89& (/& '"%& %#),*%!'&
J")*!'*#8!& .#6!%1& $#)'*.6,#)&(//%8.%&*8&'"%&+('"%)& .(68')-& *'!%,/3& @'&#,!(& %?$,#*8!&
0"-& '"%& '"%+%& (/& '"%& .)6.*/*%1& /#*'"/6,& $,#-!& 8(& $#)'& *8& Z%0*!"& ,%9%81!& #2(6'&
+#)'-)!3& >"%&.)(!!& "#1&2%.(+%& '((& +6."& #&!*98& (/& '"%& $#!!*(8& (/& Z%!6!& #81&"*!&
/(,,(0%)!& N& '"(69"& *8& '"%& >#,+61*.& ,*'%)#'6)%& 0%& "#5%& #& 0"(,%& !%)*%!& (/&
)%/%)%8.%!& '(&'"%& .)6.*/*?*(8&(/&Z%0!&16)*89&'"%& ,#'%)&%+$*)%3I I ]&
Z(!%$"6!& )%+#*8!& (6)& F%-& 0*'8%!!& #!& /#)& #!& '"%& .)6.*/*?*(8& (/& '"%& Z%0!& *!& .(8.%)8%13&
Z(!%$"6!7& 0"(& !%)5%1& #!& Z%0*!"& #15*!()& '(& >*'6!&0"%8& Z%)6!#,%+&0#!& 681%)&!*%9%7&"#1&
I 7 E
& Z(!%$"6!7!D+E+! /+[H==Q! >&5+& I<3<\^N<3&I I ]
& b%89%,7!B7#10=0(0*&9& \E3&
<H&
0*'8%!!%1& +#8-& !.%8%!& (/& .)6.*/*?*(83&>(& "*+& .)6.*/*?*(8& 0#!& V'"%& +(!'& 0)%'."%1& (/&
1%#'"!V! 2T%:%(#:! (*:& l @ m > @ l>lg = 3 I I H&
>"%& '%)+!& .)(!!& #81&.)6.*/*?*(8&(..6)& *8&Z(!%$"6![& 0()F!7! E4<0-"! >&50F#0504-& #81!;"4!
E4<0-"! \%79&:6*'%&/)%:6%8',-Q&*8&1*//%)%8'&$,#.%!3&>"%-&#)%&6!%1&2-&Z(!%$"6!& *8&!(+%&
5%)-& )%+#)F#2,%&0#-!7& /()& *8!'#8.%7& *8& Z(!%$"6![& *8'%)$)%'#'*(8& (/& YM)#7& *8& )%,#'*(8& '(&
'"(!%& 0"(& 1*!(2%-%1& ()& ')#8!9)%!!%1& .(++#81!3V\
& @8&'"%& K(+#8& Y+$*)%7& '"(!%&Z%0!&
0"(& (2%-%1& '"%& Z%0*!"& ,#0& #81&0()!"*$$%1& '"%*)& (8,-& T(17& !(+%'*+%!& (//%81%1& '"%&
K(+#8!& #81& 0%)%& .)6.*/*%13& O*+*,#),-7& '"(!%& 0()F%1& #9#*8!'& '"%& K(+#8!& #!& )%2%,!7&
)(22%)!&()&2)*9#81!3&>"%&86+2%)!&0%)%& .(8!*1%)#2,%3IIR&
4..()1*89& '(&Z(!%$"6!& '"%&Z%0!&0%)%& !(&"())*/*%1&2-&.)6.*/*?*(8&'"#'&0"%8& '"%*)&K(+#8&
2%!*%9%)!& '")%#'%8%1& '(&.)6.*/-&#&Z%0*!"&$)*!(8%)7&'"%&9#))*!(8&%5%8'6#,,-& !6))%81%)%1&*8&
%?."#89%& /()& !#/%& .(816.'3IQ^
& Z(!%$"6!& #,!(& )%/%))%1&'(& '"%& /,(99*89Q&.)6.*/*?*(8&(/&
Z%0!& 0"(& 0%)%&K(+#8&F8*9"'!! 2%:3.%19! "####$%&&! ]6I^0%(*T8& *8&Z%)6!#,%+&2-& '"%&K(+#8&
$)(.6)#'()&T%!!*6!&a,()6!&S6!'&2%/()%& '"%& (6'2)%#F& (/& '"%& Z%0*!"&i#)&*8&4d&]]3I Q I
& >"%&
.)6.*/*?*(8& (/& '"(!%&K(+#8&F8*9"'!& 0#!& (25*(6!,-& 5%)-& 1*!'6)2*89Q& !"(.F*89& '(& '"%&
!'#'6!N.(8!.*(6!& K(+#8!3&Z(!%$"6![& #..(68'&(/& '"%&')#9*.&%81*89& (/& '"%&Z%0*!"& /69*'*5%!&
16)*89&'"%&!*%9%&(/&Z%)6!#,%+&0#!&#+(89&'"%&+(!'&+(5*89Q&1*!'6)2*89U&
i"%8&.#69"'7& '"%-& 0%)%&1)*5%8&'(&)%!*!'7Q&#/'%)&#&.(8/,*.'& *'&!%%+%1& '((& ,#'%& '(&
!6%& /()&+%).-3&>"%-&0%)%&#..()1*89,-&!.(6)9%1& #81&!62S%.'%1&'(&'()'6)%&(/&%5%)-&
1%!.)*$'*(87& 2%/()%& 2%*89& F*,,%17& #81& '"%8& .)6.*/*%1& ($$(!*'%& '"%& 0#,,!&
;r#(>hkl`p*%5(h& ]/X& m.1& >>$(B#(#5*J(8%5(*! #&'! T%:11]*:! _&%%%:& .1*1#*o&
16%#'#6$(65>l& '('=& '%*?(*?G& #5)*m$6=3& >*'6!& *81%%1& .(++*!%)#'%1& '"%*)&/#'%7& /*5%&
"681)%1& ()& !(+%'*+%!& +()%& 2%*89& .#$'6)%1& 1#*,-G& (8& '"%& ('"%)& "#817& "%&
)%.(98*M%1& '"%& )*!F& (/& 1*!+*!!*89&$)*!(8%)!&(/& 0#)7Q&'"#'& '"%& .6!'(1-& (/& !6."&
86+2%)!& 0(6,1& #+(68'& '(& '"%& *+$)*!(8+%8'& (/& '"%*)& .6!'(1*#8!G& 26'& "*!&+#*8&
)%#!(8& /()& 8('& !'($$*89& '"%& .)6.*/*?*(8!&0#!& '"%& "($%& '"#'& '"%& !$%.'#.,%& +*9"'&
I I H
& Z(!%$"6!7!D+E+&H3Q^<3&I I \
& Z(!%$"6!7!>&5+& II3IHG&II3I^<G&II3Q^\G&]3<HA3&I I R
& Z(!%$"6!7!D+E+&Q3<^]3!>&5+& IQ3QE]G&IH3QREG&Q^3I^Q7&IQR3&I Q ^
& Z(!%$"6!7!D+E+&H3Q^Q//3&I Q I
& Z(!%$"6!7! D+E+&Q3<^\3&
<\&
$%)"#$!& *816.%& '"%& Z%0!& '(& !6))%81%)7&/()& /%#)&'"#'& .(8'*86%1& )%!*!'#8.%& 0(6,1&
*85(,5%& '"%+& *8& #& !*+*,#)& /#'%3& >"%& !(,1*%)!& (6'& (/& )#9%& #81& "#')%1& #+6!%1&
'"%+!%,5%!& 2-& 8#*,*89& '"%*)& $)*!(8%)!& *8& 1*//%)%8'& $(!'6)%!G! 2:.*%7^Y*<+++%+Z/*:!
#4*?$! %(7.*LZ0&>)$(.& ?r6)=5=7& #81&!(& 9)%#'&0#!&'"%*)&86+2%)7&'"#'&!$#.%&.(6,1&8('&
2%& /(681& /()& '"%& .)(!!%!& #81&8()& .)(!!%!& /()& '"%& 2(1*%!& ;?r$#! (`& %5%4%8)%! #&"()!
#>(.6$(,.G! %&*"& #'#6$(,! #&$*)! %#^0%%0:8+! H G G!
I3A3<&J)6.*/*?*(8&(/&K(+#8&.*'*M%8!&
T#)8!%-&"#!&.(8')*26'%1&!*98*/*.#8',-&'(&'"%&681%)!'#81*89&(/&K(+#8&.*'*M%8!"*$Q&'"%&
$)*5*,%9%!& #''#."%1& '(& *'3& >"%& %+$"#!*!& *!& (8& '"%& *8%:6#,*'*%!& #!!(.*#'%1& 0*'"& ,%9#,&
$)(.%16)%!& *8& 2('"& .*5*,& #81& .)*+*8#,& !$"%)%!3& >"%& $%)*(1& 0*'"& 0"*."& T#)8!%-& *!&
$)*+#)*,-& .(8.%)8%1& !')%'."%!& /)(+&'"%&+*11,%& (/& '"%& /*)!'&.%8'6)-&LJ&'(& '"%& %#),-&'"*)1&
.%8'6)-&4d3&T#)8!%-&2%,*%5%!& '"#'&1%!$*'%& 1)#!'*.&!(.*(N$(,*'*.#,& ."#89%!& 0"*."&+#)F%1&
'"*!&$%)*(17&'"%&!')6.'6)%Q&%'"(!&(/&K(+#8&!(.*%'-& )%+#*8%1&2#!*.#,,-&68#,'%)%13IQ<&
d%!$*'%& #,,& '"%& $)*5*,%9%!& #81& ,%9#,& $)('%.'*(8& '"#'& '"%-& 9%8%)#,,-& %8S(-%17& '"%)%& 0%)%&
!'*,,& .#!%!& (/& K(+#8!&0"(& 0%)%& %?%.6'%1& (8& '"%& .)(!!3& >"*!& 0#!& 681%)!'#81#2,-& +(!'&
!"(.F*89& '(& +%+2%)!& (/& '"%& $)*5*,%9%1& .,#!!3& 4& 9((1& %?#+$,%& 0(6,1& 2%& J*.%)([!&
#..6!#'*(8& (/& g%))%!7& /()+%)&9(5%)8()& (/& O*.*,-7& /()& *8/,*.'*89&'"%& .)6%,& #81& 1*!96!'*89&
$%8#,'-& (/& .)6.*/*?*(8&(8& #&K(+#8&.*'*M%87&T#5*6!7& 0*'"(6'& #1%:6#'%& *85%!'*9#'*(8& #81&
$)((/&'(&!"(0& '"#'&T#5*6!&0#!& *81%%1&#&!$-3&J*.%)(&/(681&g%))%
,*'',%7& '"%& *8/,*.'*(8& (/& '"#'& .)6%,& #81& 1*!96!'*89& $%8#,'-! 217#64/0--0$#$!
5%454770$#$F#4! -#../010#$8+$!
a()& J*.%)(7& *'& 0#!& '"%& 9)%#'%!'& +*!/()'68%& /()& #& K(+#8& .*'*M%8& '(& 2%& /,689& 1(087&
!')*$$%1&8#F%1Q&'*%1&6$&*8&'"%&($%8&+#)F%'N$,#.%7Q&/*8#,,-&.)6.*/*%13& J*.%)(&0#!&
#2!(,6'%,-& "())*/*%1QY)-U&V333&"%& WT#5*6!X&"689&'"%)%7& !6//%)*89&'"%&0()!'& %?')%+%&
(/& '"%& '()'6)%!& *8/,*.'%1& 6$(8& !,#5%!! 2-47:05#50-! 4(574$4! -#$$*F#4! -#../010*! %==5(#$8+!
>(& 2*81&#&K(+#8&.*'*M%8&*!& #&.)*+%7&'(& /,(9&"*+&*!(+*8#'*(87& '(& !,#-&"*+&*!& #,+(!'&
#8& #.'&(/& +6)1%)U& '(& .)6.*/-&"*+& *!& N&i"#'D& >"%)%& *!& 8(& /*''*89&0()1& '"#'& .#8& $(!!*2,-&
1%!.)*2%&!(&"())*2,%&#&1%%13V&
48('"%)&.#!%& #2(6'& '"%&.)6.*/*?*(8&(/&K(+#8!&*!& /(681&*8&J*.%)([!&1%/%8.%&(/& K#2*)*6!7&
#&K(+#8&8(2,%& #81&#&!%8#'()&0"(&0#!& '")%#'%8%1&0*'"&'"%&1%#'"&$%8#,'-& (/&.)6.*/*?*(83&
>"%& ')*#,& (/& K#2*)*6!& 0#!& *8!'*'6'%1& 2-& J#%!#)& *8&]<& LJ 3&>"%&$)(!%.6'*(8& 0#!&+#1%&2-&
'"%& ')*268%& >3& h#2*%86!7& #& .(++*''%1& !6$$()'%)& (/& J#%!#)3I Q H
& J*.%)([!& 0()1!& #9#*8!'&
h#2*%86!&0%)%&!')(89Q&$(0%)/6,&)"%'()*.#,,-U&
Vg%*,& "*!& "%#17& "#89& "*+& '(& '"%& ')%%& (/& !"#+%3V&O6."&$")#!%!7& @&!#-7& "#5%& ,(89&
!*8.%& 1*!#$$%#)%1& /)(+& (6)& !'#'%7& (5%)0"%,+%1& 8('& (8,-& 2-& '"%& !"#1(0!& (/&
#8'*:6*'-&26'&2-& '"%& ,*9"'& (/& h*2%)'-3333Y5%8& */&0%& #)%&'")%#'%8%1&0*'"&1%#'"7& 0%&
+#-& 1*%& /)%%& +%83& L6'& '"%& %?%.6'*(8%)7& '"%& 5%*,*89& (/& '"%& "%#17& #81& '"%& 5%)-&
0()1& V.)(!!V& !"(6,1& 2%& /#)& )%+(5%1& 8('& (8,-& /)(+& '"%& $%)!(8& (/& #&K(+#8&
.*'*M%8&26'&/)(+&"*!& '"(69"'!7& "*!&%-%!Q&"*!&%#)!! aJ*7-! 64&0F#4! -0! .7*.*&05#79!
0&! /03475%54! $*70%$#79! 1%7&0=4(! :47*! 45! *36#150*! 1%.050-! 45! &*$4&! 0.-#$! 17#10-!
%3-05! &*&! $*6*! %! 1*7.*74! 10:0#$! )*$%&*7#$! -46! 450%$! %! 1*@05%50*&49! *1#/0-9!
%#703#-+b+HG
c!
J*.%)([!& *81*98#8'& %?$)%!!*(8& .,%#),-& !"(0%1& "(0& #2"())%8'&.)6.*/*?*(8&0#!& /()&"*+&
#81& "*!&/%,,(0&K(+#8!3&
J*.%)(7! M477+&E3I]EN\3&J*.%)([!&)%/%)%8.%&'(&B%)!*#Q&@81*#& *!&*8'%)%!'*897&#!&.)6.*/*?*(8&*!&#,!(&F8(08&
'(&2%&6!%1&*8&'"%!%&$,#.%!3&I Q E
& J*.%)(7! M477+&E3IE\7& I]IG&./3&A3&QA7&Q]G&I3&R7&I<3&I Q ]
& J*.%)(7! M477+&E3I]RNH^3&I Q H
& b%89%,7!B7#10=0(0*&9& AINE3&I Q \
& J*.%)(7! )%3+!'476+& RNIH3&
A^&
@/& '"%& .)6.*/*?*(8&(/& #&K(+#87&"(0%5%)& 8(2,%& 26'& !'*,,! "#$%&9& 0#!& !(& 68#..%$'#2,%7& *'&
0*,,& .%)'#*8,-&8('&2%& '((& 1*//*.6,'&'(& *+#9*8%&0"#'&'"%&)%#.'*(8&0(6,1&2%&0"%8& *'&.#+%& '(&
'"%& .)6.*/*?*(8&(/& '"%& l8%&0"(&0#!&$)(.,#*+%1&#!&'"%& 5%)-&VO(8&(/&T(1V& #81&VO#5*(6)&
(/& '"%&0(),1V3&O*+*,#),-7& *'&!"(6,1&8('&2%& '((& "#)1&'(&F8(0&"(0& '"%&682%,*%5*89&K(+#8&
!(.*%'-& 0(6,1& )%9#)1& B#6,7& 0"%8& "%& $62,*.,-& 1%.,#)%1& '"#'& "%& "#1& 1%.*1%1& '(& F8(0&
8('"*89& V%?.%$'& Z%!6!& J")*!'7& #81&"*+&.)6.*/*%1V&;I& J()3&Q3Q=3& >"#'&+6!'& !6)%,-&2%& '"%&
*85%)!*(8& (/& '"%& .(85%8'*(8#,& !(.*#,&%'"(!& '(& '"%&"*9"%!'& 1%9)%%&#!& /#)&#!&T)%.(NK(+#8&
!(.*%'-& 0#!& .(8.%)8%13& 49#*87&'"%& 9)%#'& V/((,*!"8%!!V& ;S*.($*#=& #81&V+#18%!!V& ;S*.###=&
(/&B#6,[!&V+%!!#9%&(/&'"%&.)(!!V&+6!'&2%&5*%0%1& /)(+&'"*!&$%)!$%.'*5%3&
h*F%& J*.%)(7& Z(!%$"6!7& O6%'(8*6!& #81& h*5-& #,!(& /(681& '"%& .)6.*/*?*(8& (/& K(+#8!&
!"(.F*893IQ R
& O6%'(8*6!& #,!(& #..6!%1& '"%& .)6%,& 9(5%)8()& T#,2#& (/& .)6.*/-*89&#&K(+#8&
.*'*M%8& 0*'"(6'& !-+$#'"-U& V0"%8& '"%& +#8& *85(F%1& '"%& ,#0& #81&1%.,#)%1& '"#'& "%& 0#!& #&
K(+#8& .*'*M%87& T#,2#7& $)%'%81*89& '(& ,*9"'%8& "*!& $68*!"+%8'& 2-& !(+%& .(8!(,#'*(8& #81&
"(8(6)7& ()1%)%1&'"#'&#&.)(!!&+6."&"*9"%)&'"#8&'"%& )%!'Q&$#*8'%1&0"*'%& 2%& !%'& 6$7Q&
'"%&+#8&')#8!/%))%1&'(& *'3VI < ^&
I3A3A&J)6.*/*?*(8&(/&J")*!'*#8!&
K%.()1!& (/& '"%& .)6.*/*?*(8!& (/& J")*!'*#8!7& #$#)'& /)(+& #& .(6$,%& (/& '"(!%& /(681& *8& '"%&
0)*'*89!& (/& K(+#8&"*!'()*#8!& ,*F%&>#.*'6!Q&O6%'(8*6!7& 0%)%& 8('& #&+#''%)& (/& 9%8%)#,&
$62,*.& *8'%)%!'7& #,'"(69"& .(8')(5%)!*%!7& )*1*.6,%Q&J")*!'*#8& #$(,(9%'*.!& .(8'*86%1& '(&
.%8')%& #)(681&'"%& .)6.*/*?*(8&(/& J")*!'U& b(0& .(6,1& #&.)6.*/*%1&Z%0& 2%& '"%&Vc%!!*#"V7&
'"%&VO(8&(/&T(1VQ&%5%8& VT(1V&"*+!%,/D&
Z(!%$"6!7!D+E+&Q3<^\3& O6%'(8*6!7!B%/+&QH3<NAG& IQ3QG!?%/+&R3I3&h*5-7&<^3A<3I<G&QR3R3I^G& QR3I\3IA3&
O6%'(8*6!7!?%/+& R3Q3&J/3!B/%#6+& QE3<3&
AI&
a)(+&'"%& 5*%0$(*8'& (/&_%0& >%!'#+%8'& !'61*%!7& Z(!%$"6![& )%/%)%8.%& '(& '"%& .)6.*/*?*(8&(/&
Z%!6!&681%)&B(8'*6!&B*,#'%& *!&$#)'*.6,#),-&!*98*/*.#8'7& #,'"(69"& !."(,#)!&"#5%& 1(62'!& #81&
$)(2,%+!& #2(6'& '"%& #6'"%8'*.*'-& (/& Z(!%$"6![& 1%!*98#'*(8& (/& Z%!6!& #!& V'"%& c%!!*#"V3I<I&
T#)8!%-& .(++%8'!U& V#&$(,*'*.#,& ."#)9%&0#!& #'&,%#!'& #*)%1&*8&'"%& ')*#,& (/& J")*!'& ;!%%& %3937&
Z("8& I\3<<G& IR3IQ7& IR=G& ,#'%)7& '"%& .)(!!& 0#!& /)%:6%8',-& 6!%1& /()& '"%& $68*!"+%8'& (/&
J")*!'*#8!7& #'&,%#!'& /)(+&'"%&'*+%&(/& _%)(3VI< Q&
_('& (8,-& 0#!& #& V$(,*'*.#,& ."#)9%333#*)%1& *8& '"%& ')*#,& (/& J")*!'V& #!& T#)8!%-&"#!& )*9"',-&
!699%!'%17& '"%& 5%)-& '*',%& '"#'& 0#!& $6'& (8& '"%& .)(!!& (/& Z%!6!& N& VZ%!6!& (/& _#M#)%'"7& '"%&
m*89& (/& '"%& Z%0!V& ;>8((T.G& ]& _#J0$#,(9& ]& $(.(*343%*SqG! ;TdM& [@(6O.6.(57& Z("8& IR3IR=& N
0(6,1&:6*'%& .%)'#*8,-& 2%&)%#1&2-&'"%& *98()#8'Q&68.)*'*.#,&#!& #&F*81&(/& /()+#,! :476015!
#9#*8!'& '"%& .)6.*/*%1&Z%!6!7& %!$%.*#,,-& 0"%8& *'&0#!& 0)*''%8& *8&'")%%& ,#896#9%!U& b%2)%07&
T)%%F& #81& h#'*83& >"%& $(,*'*.#,& *+$,*.#'*(8& (/& Z%!6![& '*',%& ()& 5%)1*.'& 0#!& *8& /#.'& 5%)-&
.(8!*!'%8'& 0*'"& '"%& ()*9*8& #81& "*!'()*.#,& 1%5%,($+%8'& (/& '"%& $)#.'*.%& (/& .)6.*/*?*(87&
2%9*88*89& /)(+&'"%& B%)!*#8!Q&J#)'"#9*8*#8!&1(08& '(& '"%& '*+%& (/& '"%&K(+#8!7&0"%8&
.)6.*/*?*(8& "#1& 2%%8& #& +#S()! .*/0501%/& $68*!"+%8'3& >"(!%& 0"(& 0%)%& 8('& $(,*'*.#,,-&
+*81%1& 0(6,1& #'& ,%#!'& '%81& '(& #!!6+%& '"#'& '"%& .)6.*/*?*(8& (/& Z%!6!7& S6!'& ,*F%& ('"%)&
.)*+*8#,!& ()&)%2%,!7& 0#!& '"%& 8%.%!!#)-& #81&S6!'&$68*!"+%8'& /()&"*!& V.)*+%V7&0"#'%5%)& *'&
+*9"'&2%& *8&$)%.*!%&'%)+!3&
@8&K(+#8&!(.*%'-& #!&0%,,& #!&('"%)!& *8.*%8'& '*+%!7& '"%& 96*,'& (/& '"%& .)6.*/*%1&0#!& :6*'%&
)%#1*,-& #!!6+%13&>"%&V!'*9+#V&'"#'&0#!& #''#."%1& '(&Z%!6![&.)6.*/*?*(8&+6!'& '"%)%/()%& 2%&
681%)!'((1& *8&'"*!& "*!'()*.(N!(.*#,& .(8'%?'7& %!$%.*#,,-& #'&'"%& '*+%& (/& Z%!6!&0"%8&$%($,%!&
*8& '"%& %+$*)%& 1*1& 9%8%)#,,-& %8S(-& '"%! '%(! )*$%&%& #81&0"%8& K(+#8& ,#0& 0#!& 2-& #81&
,#)9%& :6*'%& %//%.'*5%,-& #1+*8*!'%)%13& @8& ()1%)& '(& +#*8'#*8& '"%! '%(! )*$%&%9& '"%&
I < I
& Z(!%$"6!7!>&5+& I\3]A3&I < Q
& T#)8!%-7!,*10%/! ,5%5#-9& IQH3&
AQ&
I<<&
.)6.*/*?*(8&(/&Z%!6!Q&"*!& /(,,(0%)!& 0#!&)%9#)1%1&#!&,%9*'*+#'%& $68*!"+%8'3&
O6."& #8&%85*)(8+%8'& 8#'6)#,,-&+#1%& '"%& 1%/#+*897& 2('"& $62,*.,-& #81&$)*5#'%,-7& (/& '"%&
.)6.*/*%1&5*.'*+& ,*F%&Z%!6!&+6."&%#!*%)& #81&+()%& .)%1*2,%7& 8('& (8,-& !(.*(N%'"*.#,,-7& 26'&
#,!(& )%,*9*(6!,-7& !*8.%& '"%& .,#*+!&(/& Z%!6!& "#1&#,,&'"%!%& *+$,*.#'*(8!3& 481&*8&'"%&Z%0*!"&
.(8'%?'7& '"%&26)1%8&(/& '"%& !'*9+#& '"#'&0#!& #''#."%1& '(& '"%& .)6.*/*?*(8&(/& Z%!6!&0(6,1& 2%&
"%#5*%)& */& '"%& V.6)!%V&*8& d%6'%)(8(+-& QI3Q<& 0#!& 2%,*%5%1& '(& 2%& )%,#'%1& '(&.)6.*/*?*(8&
;!%%& PQ3A=3&
>"%& $%)!%.6'*(8& (/& J")*!'*#8!& *8&K(+#8&!(.*%'-& *8&'"%& /*)!'&.%8'6)-&0#!& :6*'%& !*+*,#)&'(&
'"#'& (/& '"%& Z%0!3&J(81%+8%1&J")*!'*#8!&0%)%& !(+%'*+%!&26)8'&0*'"& /*)%7&'")(08& '(& '"%&
2%#!'!& ()&.)6.*/*%13I < A
&b(0%5%)7& *8& '"%& "*!'()-& (/& '"%& %#),-& ."6)."7&*'&0#!& (/'%8&8('& '"%&
.)6.*/*?*(8& (/& J")*!'*#8!& '"#'& )%#,,-&.(8.%)8%1& 8(8NJ")*!'*#8&!(.*%'-7& 26'& '"%&V.)6.*/*%1&
J")*!'V&"*+!%,/& #81&'"%& J")*!'*#8& V+%!!#9%&(/& '"%& .)(!!V&0"*."&($%8,-& .,#*+%1& '"#'& '"%&
.)6.*/*%1&Z%!6!&0#!& *8&/#.'&'"%&c%!!*#"7&'"%&O(8&(/& T(17& %5%8& '"%&5%)-&T(1&b*+!%,/3&
Z6!'*8& c#)'-)& 0)('%& '"#'& '"%& J")*!'*#8& 2%,*%/& *8&J")*!'& .)6.*/*%1&0#!& !(& (//%8!*5%&'(& '"%&
($$(8%8'!& '"#'& '"%-& )%9#)1%1& *'& 8('& S6!'& #!& V/(,,-V& 26'& #,!(& #!& V+#18%!!V! "#$%&'()*+,-.!
b%89%,& .(++%8'!7& V'"%& T)%%F& 0()1&8.($*#&0"*."&"%& WB#6,7& I&J()3&I3I\X&6!%!&"%)%&1(%!&
8('& 1%8('%& %*'"%)& #& $6)%,-& *8'%,,%.'6#,& 1%/%.'& 8()& #& ,#.F& (/& ')#8!.%81%8'#,& 0*!1(+3&
O(+%'"*89& +()%& *!& *85(,5%1V3I<]
& b%89%,& '"*8F!& '"#'& Z6!'*8&c#)'-)& #.'6#,,-& V$6'!& 6!& (8&
'"%& )*9"'& ')#.FV&0"%8& "%&6!%!& '"%& 0()1! ^015:L%+& ;+#18%!!=& '(& 1%!.)*2%& '"%& !')(89& )%#.'*(8&
I < <
& O6%'(8*6!7!A47+& I]3QG&>#.*'6!7!>&&+& IE3AA3&I < A
& >#.*'6!7! >&&+& IE3AA3AG& O6%'(8*6!7!A47+& I]3QG&O%8%.#7! D4%5+& ER3& <G&J#!!*6!&]<3I<3QG& Z6!'*87!C0%/+! ;7I."+!
II 3&AG&>%)'6,,*#87!>.*/+& IQ3<3&I < E
& Z6!'*87!>.*/+& I3I<3A3&I < ]
& b%89%,7! B7#10=0(0*&9& I3&
A<&
(/& '"%& #8.*%8'& 0(),1& '(& '"%& J")*!'*#8& +%!!#9%& #2(6'& '"%& .)6.*/*%1& J")*!'7& '"%& O(8& (/&
T(13I < H&
>#.*'6!& 2,68',-& .#,,%1& '"%& J")*!'*#8& 2%,*%/! 4(050%30/0-! -#.47-5050*& ;V$%)8*.*(6!&
!6$%)!'*'*(8V=& #81&1%!.)*2%1& .)6.*/*?*(8& #!& #8&%?')%+%& $%8#,'-3&>#.*'6
!"#$%&'(&)!*(')"!% *$+,-!./0%
1$(%2((&3!((2(2%&'(4"2+#(%)5%67+,89%:;(#+7+"!9%<"(*),+"!9%1;#+*"!%;,2%)*$('!%$;2%#;"!(2%
*$(=% *)% "!(% !"#$% &$';!(!% ;!% /,(>% !(#*% )5%;% 5)'=% )5! "#$%&'"()0?@% /!(,!(7(!!% ;,2%#';A8%
!"&('!*+*+),! *+"%"! $&! ,$#$%-! -./$0-&'&'12()% /!+#B% 2(7"!+),!! *3'4#$%&"! #"5$! -"%"$!
1/'%'1%'-2(! ) 6% /,(>% ;,2% &(',+#+)"!% !"&('!*+*+),! *-./$0-&'&'! %1+"! $&! #"5$3'7"2(89)% *)%
2(!#'+C(% *$(%:$'+!*+;,%C(7+(5D%1$(% *$(=(% )5%/#'"#+5+(2/%-)2% +!%';'(% +,%;,#+(,*% >'+*+,-!D%
E(,-(7%(F&7;+,!G%/*$(%(F*';)'2+,;'8%&;"#+*8%)5%*$(%*$(=(%)5%#'"#+5+F+),%+,%*$(%=8*$+#;7%
*';2+*+),9%(H(,% +,%*$(%E(77(,+!*+#%;,2%I)=;,%&('+)29%!$)>!% *$(%2((&%;H('!+),% 5')=%*$+!%
#'"(77(!*%)5%;77%&(,;7*+(!% +,%*$(%7+*(';'8%>)'72D/0 ? J%
1$(%&'(4"2+#(!%;,2%#$;'-(!%;-;+,!*% *$(% #'"#+5+F+),%)5%:$'+!*+;,!%>('(%!)%&('!+!*(,*% ;,2%
)H('>$(7=+,-% *$;*%(H(,% *$(%:$'+!*+;,%K#*;H+"!%5)",2%$+!%;&)7)-(*+#!% L"+*(%+,(55(#*+H(D%
E(,-(7M!% (F&7;,;*+),%+!%H('8%#7(;'G%/K#*;H+"!%#;,,)*%2(,8%*$(%!$;=(5"7,(!!%)5%*$(%#')!!%
;,2% *$('(5)'(% $(% +!% 2(7+C(';*(78% !+7(,*% ;C)"*% *$(% 2(;*$% )5%N(!"!DDDDE(% ;H)+2!% *$(% '(;7%
&')C7(=9%,;=(789%*$;*%*$(%<),%)5%O)2%2+(2%;%#'+=+,;7M!%2(;*$%),%*$(%*'((%)5%!$;=(D%1$+!%
>;!%,)*%;&&')&'+;*(% 5)'%;%5)'=%)5%;'-"=(,*% >$+#$%>;!%#),#(',(2% *)%&')H(%*$;*%*$(%),(%
O)2%)5%*$(%:$'+!*+;,!%>;!% +2(,*+#;7%>+*$% *$(%O)2%)5%*$(%&$+7)!)&$('!D/%E(,-(7% '+-$*78%
&('#(+H(!% !)=(*$+,-% (H(,% =)'(% !('+)"!% +,% K#*;H+"!M% (H;!+),9% C(#;"!(% *$(%:$'+!*+;,%
2+7(==;%/;77% *))%(;!+78%7(2%(2"#;*(2%:$'+!*+;,!%+,*)%2)#(*+!=D/0?P%
! " #
$ %&'()*+! "#$%&$ ,-."-$! " .
$ /0'*1$23)$456*()&+!'(&$ !7-8,-"9:-$! " "
$ ;'*6<'6=$>)0'?+!)*+&$!!-8@$8-A-$! " B
$ C6)25*'6=+!,#-&$!,-.-$DE-$FG<'26=+!.//&$ !B-""-.-$! " ,
$ H)*()0+!"-0*121314/5$ !"-$! " I
$ H)*()0+! "-0*121314/5$ "-$ H)*()0$ )0GJ5&G2)=$ 5*$ 23'=$ 'KL5&2G*2$ L5'*2$ K6<3$ E6&23)&$ '*$ 3'=$ =)<2'5*$ 5*$
MN5<)2'=K$G=$G$OG1$5E$&)K5P'*($23)$ QE5001Q$5E$23)$<&5==M$R!B9A!S-$
"B$
!-B$F3)$=5<'G0$=1KJ50'=K$5E$<&6<'E'?'5*$
1$+!% !"C3!(#*+),% +!%&'+=;'+78% #),#(',(2% >+*$% #('*;+,% !)#+;7% 5(;*"'(!%>$+#$% ;'(% 5)",2% +,%
*$(%&';#*+#(%)5%#'"#+5+F+),D%1$(8%="!*%C(%(F;=+,(2% +,%H+*;7% '(7;*+),%*)%*$(%!)#+;7%(*$)!%)5%
*$(% O'(#)3I)=;,% >)'72D% Q$(,% 6;"7% &"C7+#78% ;#B,)>7(2-(2% +,% 0%:)'D% 0D0R% *$;*% /*$(%
=(!!;-(% )5% *$(% #')!!% +!% 5))7+!$,(!!/% *)% *$)!(% >$)% '(4(#*(2% +*9% $(% )CH+)"!78% $;2% *$(%
#"''(,*% O'(#)3I)=;,% !)#+;7% (*$)!% +,%=+,2D% 1$(% #'"#+5+F+),% )5%N(!"!9% 7+B(% =)!*% )*$('%
#'"#+5+F+),!9%>;!%;!/.:5'7% (H(,*% ;!% >(77% ;!% ;!-17'"5% )##;!+),9% ;,2%>$;*%&()&7(% &('#(+H(2%
+,% *$(+'%=+,2% +,%*$(%#),*(F*% )5%*$(+'%#),H(,*+),;7% !)#+;7%(*$)!%>;!%4"!*% ;!% !+-,+5+#;,*%;!%
>$;*% *$(8% ;#*";778% !;>% >+*$% *$(+'% (8(!D% 1$+!% >;!% >$('(% *$(% !)#+;7% !8=C)7+!=% )5%
#'"#+5+F+),9% +,#7"2+,-%*$;*% )5%N(!"!9%C(#;=(%'(7(H;,*% ;,2% +=&)'*;,*D%1$(% 5)77)>+,-% ;'(%
!)=(%)5%*$(%=;+,%5(;*"'(!%)5%*$(%!)#+;7%!8=C)7+!=%)5%#'"#+5+F+),D%
!-B-!$F3)$L&)=6K)T$(6'02'*)==$5E$23)$<&6<'E')T$P'<2'K$
1$(% &'(!"=(2% -"+7*+,(!!% )5% *$(% #'"#+5+(2% H+#*+=% >;!% ,)*% ),78% *$(% )&+,+),% )5% *$(%
#),2(=,+,-% &;'*89% C"*%&('$;&!%=)'(% !+-,+5+#;,*789%;7!)%*$;*% )5% *$(% S)5*(,%+-,)';,*% ;,2%
+,,)#(,*T%&"C7+#D%U!%!"#$9% *$(%&'(!"=(2% -"+7*+,(!!%)5%*$(%#'"#+5+(2%H+#*+=% #)"72%C(%!;+2%
*)%C(%7;'-(78%'(!&),!+C7(% 5)'%*$(%&"C7+#%&'(4"2+#(%;-;+,!*% *$(%#'"#+5+(2%H+#*+=D%
U!% $;!% C((,% ,)*(2% (;'7+('9% *$(% (F(#"*+),% )5% *$+!% =)!*% !(H('(% ;,2% #'"(7% #;&+*;7%
&",+!$=(,*% >;!%#),!+2('(2% ;%=)!*% (55(#*+H(%;,2%4"!*%>;8%)5%-(**+,-%'+2%)5%*$(% &'(!"=(2%
!)#+;7%=(,;#(D%V)'%*$(%",2+!#(',+,-%-(,(';7% &"C7+#9%*$(%#'"#+5+F+),%)5%N(!"!%>)"72%=)!*%
&')C;C78% C(% &('#(+H(2% +,%!"#$% ;%#),*(F*% ;7!)D%N(!"!%#7(;'78%2+(2%;!% ;%B+,2% )5%/'(C(7/%+,%
*$(% (8(!% )5% *$)!(% >$)% 2+2% ,)*% $;H(% *$(% >$)7(% ;,2% *'"(% &+#*"'(% ;C)"*% +*9% ;7*$)"-$%
;##)'2+,-% *)% *$(% >+*,(!!% )5% *$(% -)!&(7!% 6+7;*(% $;2% 5)",2%,)% -"+7*% )'% #'+=(% +,%N(!"!D%
",$
1;#+*"!9% <"(*),+"!9% :(7!"!9% ;,2% 67+,8% !((=(2% *)% $;H(% ,)% '(;7% B,)>7(2-(% )5% *$(=D%
Q$;*(H('% *$(%#;!(%=+-$*%C(9% *$(% /*+*7(/% *$;*%>;!%-+H(,%*)%N(!"!%),%*$(%#')!!%3% /N(!"!%)5%
W;A;'(*$9% *$(% X+,-% )5%*$(% N(>!/%3% >)"72%=)!*% &')C;C78% C(% *;B(,% C8% *$(% +-,)';,*% ;,2%
+,,)#(,*% ;!% *$(%/#'+=(/%)5%*$(% #'"#+5+(2%:$'+!*%;!% >(77% ;!% ;%B+,2% )5%)55+#+;7%/H('2+#*/%),%
$+=9% ;7*$)"-$% *$(% /*+*7(/% >;!% L"+*(%#7(;'78% >'+**(,% C8% 6+7;*(% ;!% ;%=)#B('8D% U,2%*$)!(%
>$)%>('(% +,%*$(% B,)>% ;!% >(77% ;!% *$(% &('#(&*+H(% !&(#*;*)'!%>)"72% &')C;C78%C(% ;C7(% *)%
'(;2%N(!"!M% /*+*7(/%),% *$(%#')!!%;!% ;%&)!!+C7(% =)#B('8% ;,2% +,!"7*%*)%N(!"!%&('!),;778% ;!%
>(77% ;!% *)% *$(% N(>!% ,;*+),;778D%1$(% '(!&),!(% )5% *$(% N(>+!$% #$+(5% &'+(!*!% *)% *$(% *+*7(%
#7(;'78%+,2+#;*(2%*$;*%*$(8%>)"72%$;H(%,)*$+,-%*)%2)%>+*$%;!70.7'3'$,% /X+,-%)5%*$(%N(>!/D%
Y,!*(;29% *$(8% !"--(!*(2%*$;*% *$(% ;&&')&'+;*(% *+*7(%)'%H('2+#*%!$)"72%C(G% /*$+!%=;,% !;+29% Y%
;=%X+,-% )5%*$(%N(>!/%SN)$,% 0ZD[0TD%6+7;*(M!% '(!&),!(%>;!G% />$;*% Y%$;H(%>'+**(,% Y%$;H(%
>'+**(,/% SC% 8\&)\/]D% ^\^652"UGV% 0ZD[[TD%1$+!% +!%&('$;&!%),(% )5%*$(%-'(;*(!*%&;';2)F(!%)'%
+'),+(!% +,%$"=;,% $+!*)'89%C(#;"!(%>$;*%>;!% +,*(,2(2% C8%6+7;*(%;!% ;,% +,!"7*%)'%=)#B('8%
*"',(2% )"*% *)% C(% ;% !*;*(=(,*% )5% *'"*$9% ;*% 7(;!*% 5')=% *$(% :$'+!*+;,% &)+,*% )5% H+(>D%V)'%
/N(!"!%)5%W;A;'(*$/%>;!% +,2((2%/*$(%X+,-%)5%*$(%N(>!/9%;,2%=)'(%*$;,%4"!*%/*$(%X+,-%)5%
*$(% N(>!/D% 1$(% :$'+!*+;,% #),5(!!+),% +!% *$;*% *$(% #'"#+5+(2%/N(!"!%)5%W;A;'(*$/% +!% /*$(%
X+,-% )5%B+,-!/D%^(*9%),% *$;*% 2;8% >$(,%/N(!"!%)5%W;A;'(*$/% >;!% $;,-+,-% ),% *$(%#')!!9%
*$(% /*+*7(/% )5%*$(% #'"#+5+(2%H+#*+=% )'% *$(% /H('2+#*/%),% $+=%>)"72% =)!*% &')C;C78% +=&78%
!)=(%B+,2%)5%/*'(;!),/% )'%/#'+=(/%+,%*$(%I)=;,%#),*(F*%)5%*$(%*+=(%;!% 5;'%;!%*$(% -(,(';7%
&"C7+#% >;!% #),#(',(2D% U!% 6;"7% $+=!(75% $;2% !*;*(2G% /,),(% )5% *$(% '"7('!% )5% *$+!% ;-(%
",2('!*))2% *$+!_%5)'%+ 5% *$(8%$;29%*$(8%>)"72%,)*%$;H(%#'"#+5+(2%*$(%`)'2%)5%-7)'8/% S0%:)'D%
[DRTD%
U"-"!*+,(%=(,*+),(2% ;,%)';#7(%)5%U&)77)%>$+#$%>;!%=(;,*% ;!%;%'(&78%*)%;%L"(!*+),% 5')=%
;% $"!C;,2% >$)% +,*(,2(2% *)% &'(H(,*% $+!% >+5(% 5')=% C(+,-% ;% :$'+!*+;,D% 1$(% ,(-;*+H(%
;,!>('% )5%*$(%)';#7(%+!%=)!*%+,2+#;*+H(%)5%*$(%I)=;,%&'(4"2+#(%;-;+,!*% *$(%#'"#+5+F+),%)5%
:$'+!*G%
`(*% $('% #),*+,"(% ;!% !$(% &7(;!(!9%&('!+!*+,-% +,%$('% H;+,% 2(7"!+),!9% ;,2%7;=(,*+,-%
+,% !),-% ;!% ;% -)2% ),(% >$)%2+(2% 5)'%2(7"!+),!9% >$)%>;!% #),2(=,(2% C8% 4"2-(!%
>$)!(% H('2+#*% >;!% 4"!*9% ;,2% (F(#"*(2% &"C7+#78% C8% *$(% >)'!*% +'),3C)",2% 2(;*$%
*;$04"&! <.1! #1,1! ..5&! '%"%':.-! 3"55"7''-! /$0-$.$0"%-! $&! 5"#$%&"0'! 3"55"7''-!
#10&..#! =$.#! 7"%&1%-)! <.$0%! '.,'7':.-! 0$7&"! -$%&'$%&':.-! /$0,'&.#! /$--'#"! '%!
-/$7'1-'-! 3$001! +'%7&"! #10-! '%&$03$7'&2>#!
1$(%)';#7(%>;!%=)!*%#),!+!*(,*% >+*$% *$(% H+(>%)5%67+,89%1;#+*"!%;,2%:;(#+7+"!%;C)"*% *$(%
#'"#+5+(2%/O)2/G%U%/2(;2%O)2/%>;!%*$(%-'(;*(!*%#),*';2+#*+),%+,%+*!(75D0? Z%
!-B-A$F3)$L6J0'<$*G26&)$5E$<&6<'E'?'5*$
1$(%>$)7(%/2';=;/%)5%#'"#+5+F+),%+,%*$(%O'(#)3I)=;,% >)'72%>;!%)5*(,%,)*%#),5+,(2%*)%
*$(%H('8%;#*%)5%,;+7+,-%)'%C+,2+,-%)5%*$(% H+#*+=%*)%*$(%#')!!%)'%>))2(,%C(;=D%Q$;*%>(,*%
C(5)'(9%!"#$% ;!% +,!"7*9%=)#B('89%;,2%;77%!)'*!%)5%H('C;7%;,2%&$8!+#;7%;C"!(!9%>;!%4"!*% ;!%
/(,*('*;+,+,-/% ;,2% (F#+*+,-% ;!% *$(% 5+,;7% ;#*% +*!(75D% U,2% ;!% #'"#+5+F+),% >;!% )5*(,%
2(7+C(';*(78% (F(#"*(2% +,%&')=+,(,*% &"C7+#%&7;#(!9% +*!% 2(!+'(2% -);79%>$(*$('% +*%>;!%5)'%
2(*(''(,*% &"'&)!(!%)'% 5)'%&"C7+#%(,*('*;+,=(,*9% )'%C)*$9%#)"72%L"+*(%(;!+78%C(% ;#$+(H(2D%
W)*%),78%>;!%:$'+!*%&"C7+#78% /2+!&7;8(2/%),%*$(%#')!!9% *$(%=(!!(,-('!%)5%/*$(%=(!!;-(%
)5%*$(%#')!!/%>('(%!+=+7;'78%&"*%),%/!*;-(/%5)'%5"77%&"C7+#%H+(>+,-%S#5D%0%:)'D%?DZTD%
O;',!(8M!%!*"28% +,2+#;*(!% *$;*% /+,%,),37(-;7% 7+*(';'8%!)"'#(!!-.//5'7'.#% $;!% *$'((%C;!+#%
=(;,+,-!9% *)'*"'(9%2(;*$9% ;,2%&",+!$=(,*% -(,(';778D%1$(%!"--(!*+),% $;!% C((,%=;2(%*$;*%
+*% +!% *$(% 5+'!*% =(;,+,-% a*)'*"'(b9% *$;*% +!% &'(!('H(2% +,% *$(% 7(-;7% *('=! -.##.#!
-.//5'7'.#>/0cd% V)'%*$(% -(,(';7% &"C7+#%>$)%>('(%),%*$(%!#(,(%)5%#'"#+5+F+),9%*$(%*)'*"'(%
*$;*% >;!% +,57+#*(2% "&),% *$(% H+#*+=% #)"72% (+*$('% ;')"!(% ,;*"';7% $"=;,% !8=&;*$8% )'%
! " :
$ W6(6=2'*)+! "16&$ !8-A.-$!"8
H)*()0+! "-0*121314/5$ !8-$! B 7
$ XG&*=)1+!74*18$! 7+8+0%5$ !AA-$
":$
&')H+2(%;,%)##;!+),%5)'%(,*('*;+,=(,*9%;,2%;!%*$(%#'"#+5+(2%H+#*+=%>;!%"!";778%&'(!"=(2%
*)%C(%-"+7*89%*$(%7;**('%>;!%)5*(,%=)'(%;&&;'(,*D%
:'"#+5+F+),% ;!% ;,%(F*'(=(% 5)'=%)5%(F(#"*+),%>;!%'(-;'2(2% ;!% ;C$)''(,*% ;,2%2+!-"!*+,-%
C8%;,#+(,*%&()&7(9%&'(#+!(78%C(#;"!(%)5%*$(%H;'+)"!%B+,2!%)5%*)'*"'(%*$;*%>('(%(=&7)8(29%
"!";778% &'+)'% *)%*$(% 5+,;7% ;#*% )5%#'"#+5+F+),% S!*'+&&+,-9% 57)--+,-9%$;,-+,-%(*#DT9%;,2%*$(%
#),!+2(';C7(%7(,-*$%)5%*+=(%*$;*%(7;&!(2%C(5)'(%2(;*$D0c0%
E(,-(7M!% !"'H(8%!$)>!%*$;*%,)*%),78%+,%*$(%;,#+(,*%>)'72%-(,(';7789%(H(,% +,%*$(%I)=;,%
e=&+'(%>$('(% !)=(%B+,2!%)5%/,)'=/% >)"72% C(% (F&(#*(29% *$(% 5)'=% )5%(F(#"*+),%#)"72%
H;'8%#),!+2(';C78D0c[%U!%!"#$9% #'"#+5+F+),%C(#;=(%;%&",+!$=(,*% +,%>$+#$% /*$(%#;&'+#(%
;,2% !;2+!=% )5% *$(% (F(#"*+),('!% >('(% -+H(,% 5"77% '(+,DDD*$('(% >('(% *))%=;,8%2+55('(,*%
&)!!+C+7+*+(!% 5)'% *$(% (F(#"*+),('D/0c@% 6$+7)9% 67"*;'#$9% <(,(#;9% ;,2% `"#+;,% ;77%=;2(%
'(5('(,#(!% *)% *$(% H;'+)"!% 5)'=!% )5% (F(#"*+),% +,% *$(+'% >'+*+,-!D0 c ?% E)--+,-% C(5)'(%
#'"#+5+F+),%>;!%;%&;'*+#"7;'78%#"!*)=;'8%I)=;,%&';#*+#(D0cc%
Y,$"=;,+*8% ;,2% #'"(7*8% C(8),2% 2(!#'+&*+),% >('(% C7;*;,*78% !$)>,% ,)*% ),78% +,% *$(%
!"55('+,-%)5%*$(%H+#*+=9%C"*%;7!)%2+!-"!*+,-78%2(=),!*';*(2% +,%*$(%/!;*+!5;#*+),/% *$;*%*$(%
!&(#*;*)'!%2('+H(2%5')=%+*D% :)7(=;,%(7;C)';*(!G%
U% 7+,-('+,-%2(;*$% *$;*%7;!*!%$)"'!% + 5%,)*%2;8!9%2+2%,)*%)55('%*$(%!;=(%!&(#*;#"7;'%
;&&(;7% ;!% *$(%)*$('% /;--';H;*(2/% 2(;*$% &(,;7*+(!% *$;*%>('(%#)==),78%+=&)!(2G%
C"',+,-% ;,2% C(;!*!D% f"*% *$(% ;#*";7% =)=(,*% )5% 2(;*$% =;8% C(% '(7;*+H(78%
+,!+-,+5+#;,*% +,% '(7;*+),% *)% *$(% !;*+!5;#*+),%!&(#*;*)'!% 2('+H(2% 5')=%>+*,(!!+,-%
&'(7+=+,;'+(!%*$;*%#"7=+,;*(2%+,%*$(%$)+!*+,-%)5%*$(%C)28%),*)%*$(%#')!!D% Y*%+!%;7!)%
&)!!+C7(% *$;*% ;% #)=C+,(2%&(,;7*8% >;!% (,H+!;-(2% !"#$% ;!% *$;*% !"55('(2%C8% *$(%
=;'*8'%f7;,2+,;9%>$)%>;!%$",-%),%;%&)!*%;!%C;+*%5)'%*$(%;,+=;7!%+,%;%&)!*"'(%*$;*%
+!% (F&7+#+*78% 7+B(,(2% *)% #'"#+5+F+),% Sg"!"'+77)% cD0D?0TD% <+=+7;'78% *$(%=;'*8'2)=%
! B !
$ /062G&<3+!9#-&$A:-.-$! B A
$ Y?GKL0)=$ <'2)T$J1$H)*()0$ G&)Z$MG$E05(('*($J)E5&)3G*T+$G*T$23)$ P'<2'K$5E2)*$<G&&')T$ 23)$J)GK$25$23)$
L0G<)$ 5E$ )?)<62'5*+$ O3)&)$3)$OG=$ *G'0)T$25$ '2$O'23$562=2&)2<3)T$ G&K=+$ &G'=)T$6L$G*T$=)G2)T$ 5*$ G$=KG00$
O55T)*$L)(M$RABS-$! B .
$ H)*()0+!"-0*121314/5$ AB-$! B "
$ /3'05+!94%+&! :;!<74=/&$ A-A!.@$/062G&<3+!>4-&$ ""8N@$C)*)<G+!"4/%&$ A7-.@$<E-!?-8$A-A@!@#8+&$ !8-.@$[6<'G*+$
9-4=&$ !-A@!A18$&$ B$ R 0 S - 0 -$BCC
! A1D&$":-$ !8-:-.@$DG=='6=+$A-!!-,-$
"8$
)5% 6+),+"!9% >$)% >;!% ,;+7(2DDD;,2% C"',*9% #)=C+,(2% #'"#+5+F+),% ;,2! 70$#"&'1!
Sg"!"'+77)% 0hTD0 c J%
<)=(*+=(!% +*%>;!% ;,+=;7!% ;,2%,)*% *$(% $"=;,% &('!),!%5)'%>$)=%*$(% !&(#*;*)'!% !$)>(2%
!8=&;*$8D% U!% 5;'%;!% *$(% ;"2+(,#(%>;!% #),#(',(29% *$(% H('8% !+-$*% )5%H+)7(,#(% +,%;#*+),%
>;!%L"+*(%(,)"-$% *)%C'+,-%-'(;*%5;!#+,;*+),D%67;*)%),#(%2(!#'+C(2% ;,% +,,)#(,*%=;,%>$)%
!"55('(2%*$(%(F*'(=(% 5)'=%)5%(F(#"*+),G%/*$(%=;,% >+77% $;H(%*)%(,2"'(%*$(% 7;!$9%*$(%';#B9%
#$;+,!9% *$(%C';,2+,-3+'),%+,%$+!%(8(!9%;,2% 5+,;7789% ;5*('%(H('8% (F*'(=+*8%)5%!"55('+,-9%$(%
>+77% C(%#'"#+5+(2i+=&;7(2$R2)W)6FOP$ 6GKG% XXXK:$ F&GXG\% 2H;;F+HJ"UD("Z']G)FG'S-M!BI$
N)(7% g;'#"!% !"--(!*!% *$;*% /+'),8% >;!% (F;#*78% *$(+'% +,*(,*+),!G% *$+!% !*';,-(78% M(F;7*+,-M%
=)2(% )5% (F(#"*+),% a+D(D9% *$(% ';+!+,-% )5% *$(% #'"#+5+(2%H+#*+=b% >;!% 2(!+-,(2% *)% =+=+#9%
&;')289% ;,2% &",#*"'(% *$(% &'(*(,!+),!% )5% +,!"C)'2+,;*(% *';,!-'(!!)'!% C8% 2+!&7;8+,-% ;%
2(7+C(';*(78% $)''+C7(% =+'')'% )5% *$(+'% !(753(7(H;*+),DDDD:'"#+5+F+),% >;!% +,*(,2(2% *)%
",=;!B9% +,%;%2(7+C(';*(78%-')*(!L"(%=;,,('9%*$(%&'(*(,!+),% ;,2%;'')-;,#(%)5%*$)!(%>$)%
$;2%(F;7*(2%*$(=!(7H(!%C(8),2% *$(+'%!*;*+),_%*$(%;"*$)'+*+(!%>('(%C(,*% ),% 2(=),!*';*+,-%
*$')"-$%*$(%-';&$+#% *;C7(;"% )5%*$(%#')!!%>$;*%!"#$% !(753&')=)*+),%=(;,*% ;,2%>$+*$('%+*%
7(2D% :'"#+5+F+),9%*$(,9% +!%;%&'+=(%+77"!*';*+),%)5%g+#$(7%V)"#;"7*M!% *$(!+!%*$;*%*$(%&')#(!!%
0%
)5% (F(#"*+),% +!% ;% M&(,;7% 7+*"'-8M% 2(!+-,(2% *)% '(H(;7% *$(% (!!(,#(% )5% *$(% #'+=(D/% 1$(%
=)*+H(% )5% 2(*(''(,#(% C($+,2% *$(% &"C7+#% 2+!&7;8% )5% #'"#+5+F+),% >;!% )CH+)"!% >$(,% *$(%
#')!!%>;!%('(#*(2% +,%;%&')=+,(,*%&7;#(%5)'%*$(% 5"77%H+(>%)5%*$(% &"C7+#D0 c Z%
1$(% >'+*+,-!% )5% 6$+7)9% 0 J h% :+#(')9% 0 J 0% <(,(#;9% 0 J [% 67"*;'#$9% 0 J @% <"(*),+"!9% 0 J ?% ;,2%
U'*(=+2)'"!0Jc% ;77% (=&$;!+A(2% *$(% &"C7+#% ,;*"'(% )5% #'"#+5+F+),D% 1$(% &"C7+#% &7;#(% )5%
! B ,
$ D50)KG*+$ Q>G2G0$D3G>)=Q+$B,-$! B I
$ /0G25+!E#(&$ .,!Y9.,AW-$! B :
$ ^5)0$;G&<6=+$ QD&6<'E'?'5*$G=$/G&5T'<$Y?G02G2'5*Q+!F@G$ !AB$RA77,S+$I.9:I+$G2$I:98-$! B 8
$ _6'*2'0'G*+!A#*$&$ AI"-$! , 7
$ /3'05+!7(#*&$ .-!,7-$! , !
$ D'<)&5+! H#--&$ B-!B:-$! , A
$ C)*)<G+!'(&$!"-B-$
B7$
(F(#"*+),9% +,#7"2+,-% *$(% I)=;,% ;=&$+*$(;*'(9% ,;*"';778% &')H+2(2% ;% #),2"#+H(%
(,H+'),=(,*% 5)'% &"C7+#% (,*('*;+,=(,*% ;,2% ;="!(=(,*D% :),!+2(';C7(% ,"=C('!% )5% *$(%
(;'78% :$'+!*+;,% =;'*8'!% >('(% *$')>,% +,*)% *$(% ;'(,;% )5% C(;!*!% 5)'% I)=;,%
(,*('*;+,=(,*D0JJ%
N)!(&$"!%,)*(2% *$;*%O;+"!% >;*#$(2% >+*$% !;*+!5;#*+),%>$(,% ;%&7;8%>;!%&'(!(,*(2%C8% *$(%
2;,#('%:+,8';!% +,%>$+#$% *$(%$(')% ;,2%$+!%2;"-$*('% >('(% #'"#+5+(2$ R5F5<6L56F5GS- ! , I% 6$+7)%
-;H(% ;%=)!*% 2(*(!*;C7(% ;##)",*% )5% *$(% I)=;,% &'(5(#*% V7;##"!M% #'"#+5+F+),% )5%N(>!%+,%
U7(F;,2'+;9%>$+#$%>;!%=+F(2%>+*$%&)&"7;'% (,*('*;+,=(,*G%
f"*% V7;##"!% -;H(% ,)% )'2('!% *)% *;B(% 2)>,% *$)!(% >$)% $;2% 2+(2% ),% *$(% #')!!D%
Y,!*(;2% $(% )'2('(2% *$(% #'"#+5+F+),% )5% *$(% 7+H+,-$ RR6P2G'@% JM% ;H;)X)U)+":(;O);%
FFL55)2G2)PTDDDDU,2%$(%2+2%*$+!%;5*('%=;7*'(;*+,-%*$(=%>+*$% *$(%7;!$% +,%*$(%=+227(%
)5% *$(% *$(;*'(% ;,2% *)'*"'+,-%*$(=% >+*$% 5+'(% ;,2% *$(% !>)'2D%1$(% !$)>% $;2%C((,%
;'';,-(2% +,%&;'*!D% 1$(% 5+'!*% !&(#*;#7(% 7;!*+,-% 5')=% 2;>,% *+77% *$(% *$+'2% )'% 5)"'*$%
$)"'% #),!+!*(2% )5%N(>!% C(+,-% !#)"'-(29% $",-% "&9% C)",2% *)% *$(% >$((79%C'"*;778%
=;"7(2% ;,2% $;7(2% 5)'% *$(+'% 2(;*$% =;'#$% *$')"-$% *$(% =+227(% )5% *$(% )'#$(!*';D%
U5*('%*$+!%!&7(,2+2%(F$+C+*+),%#;=(%2;,#('!%;,2%=+=(!% ;,2% 57"*(%&7;8('!% ;,2%;77%
*$(%)*$('%;="!(=(,*!%)5%*$(;*'+#;7%#)=&(*+*+),!D0JR%
1$(%(,*('*;+,+,-%;,2% ;="!+,-% (55(#*%)5%#'"#+5+F+),%,((2!%,)%5"'*$('%(7;C)';*+),D%E(,-(7%
+!% !"'(78% &('#(&*+H(% >$(,% $(% !;8!%L"+*(%C7",*78% *$;*% /#'"#+5+F+),% !;*+!5+(2%*$(% &'+=+*+H(%
7"!*%5)'%'(H(,-(%;,2%*$(%!;2+!*+#% #'"(7*8%)5%+,2+H+2";7%'"7('!%;,2%)5%*$(%=;!!(!/D0JZ%
f(!+2(!%&$8!+#;7% &;+,9% *$(% =(,*;7% ;,2% !&+'+*";7%;,-"+!$% *$;*% #'"#+5+F+),% C')"-$*% *)% *$(%
H+#*+=%>;!%(L";778%-'(;*9%&('$;&!%(H(,%-'(;*('%*$;,% *$(%&$8!+#;7%;!&(#*D%1$(%*)*;7%7)!!%)5%
;77% $"=;,+*8% ;,2% 2+-,+*8_% *$(% -'(;*% !$;=(% ;,2% "**('% $"=+7+;*+),% ;!!)#+;*(2% >+*$% *$(%
(F(#"*+),_% *$(% &"C7+#%(F&)!"'(%)5%*$(% $"=;,% C)28% ;,2% *$(% 2(,+;7% )5%C"'+;7%7(5*%C($+,2%
H+'*";778%,)*$+,-%*$;*%#)"72%C(%'(-;'2(2% ;!%/=;,$))2/%)'%=;!#"7+,+*8D%
/062G&<3+!9#-&$A:-.-$
C6)25*'6=+!I8$&!J&K&!"$80L&$ AB-.-$
W&2)K'T5&6=+!)/#1-&$ A-B.-$
FG<'26=+$W**-$ !B-""-"-$
^5=)L36=+!./+&$ !8-8"-$DE-$C6)25*'6=+! "8$&$ BI-"-$
/3'05+!M$8**&$ :"EE-$
H)*()0+!"-0*121314/5$ :I-$
B!$
W)% $"=;,% !+*";*+),% )'% -(!*"'(% #)"72% &('$;&!% 2(=),!*';*(% *$(% $)&(7(!!,(!!% ;,2%
&)>('7(!!,(!!% )5% ;% $"=;,% &('!),% =)'(% *$;,% *$(% !#(,(% )5% #'"#+5+F+),D% <)=(% H+#*+=!%
>('(% (H(,% 5)'#(2%*)% >+*,(!!% *$(% (F(#"*+),% )5% *$(+'% )>,%>+H(!% ;,2% #$+72'(,%C"*% >('(%
",;C7(%*)%2)%;,8*$+,-%(F#(&*% *)%>;*#$%$(7&7(!!78%;,2%&)>('7(!!78D%
!-B-.$D&6<'E'?'5*$G=$MJ5T1$ 0G*(6G()M$
O7(;!),% $;!% 5)",2% N)!(&$"!M% '(5('(,#(!% *)% *$(% $"=;,% C)28% ;,2% /C)28% 7;,-";-(/%
&;'*+#"7;'78% 5;!#+,;*+,-%+,% *('=!% )5% !(=+)*+#!% ;,2% +,%*$(% #),*(F*% )5% #'"#+5+F+),% >$+#$%
>;!%(F(#"*(2% &"C7+#78D%O7(;!),% (7;C)';*(!G%
Q$;*% Y% ;=% 5+!$+,-% 5)'% +,% *$(!(% ="'B8% >;*('!% +!% !)=(% ",2('!*;,2+,-% )5% *$(%
!(=+)*+#% #),*(F*% 3% )5%*$(%>;8!% *$(% $"=;,% C)28% 5",#*+),!%;!% ;% !+-,+5+('%+,%*$;*%
*+=(% ;,2% &7;#(DDDDf"*% Y% !&(;B% )5% -(!*"'(!9% +,#7"2+,-% ;#*!% )5% H+)7(,#(9% ;!%
7;,-";-(DDDDeH(,% +5%/C)28%7;,-";-(/% +!%),78%;%=(*;&$)'9% *$(%=(*;&$)'% $(7&!%)"'%
+,H(!*+-;*+),% C(#;"!(% 7;,-";-(!% ;'(% !8!*(=!% )5% #)==",+#;*+),% *$;*% ;2=+*%)5%
2(-'((!%)5% 5;=+7+;'+*8DDDD1$(%'(7+!$%>+*$% >$+#$% N)!(&$"!%,;'';*(!%C)*$%>;8!%)5%
"!+,-% *$(% C)28% ;!! &1.0-! ,$!3107$% )5%!(753&'(!(,*;*+),%=;B(!% +*%#7(;'% *$;*% $(%2+2%
,)*% #),!+2('% C)28% 7;,-";-(% ;% /,;*"';7/%#),#)=+*;,*% )5% !*'),-% (=)*+),9%C"*% ;%
!8!*(=% )5% #),H(,*+),;7% !+-,!% >$)!(% 2(&7)8=(,*% >;!% !"C4(#*% *)% #),!#+)"!%
#),*')7D0 P h%
O7(;!),%-)(!%),%*)%#),!+2('% $)>%C)2+(!% #)"72%C(%=;,+&"7;*(2D%U,%(F#(77(,*%(F;=&7(%+!%
5)",2% +,%*$(%E;!=),(;,% B+,-9%U7(F;,2('%N;,,;("!M% !&(#*;#"7;'% "!(% )5%C)2+(!% +,%&;+,D%
Q$(,% $+!% ;"*$)'+*8% >;!% #$;77(,-(2% 2"'+,-% ;% '(C(77+),9% U7(F;,2('% #'"#+5+(2% (+-$*%
$",2'(2% 6$;'+!((!% +,% *$(% =+227(% )5% *$(% #+*8% )5% N('"!;7(=D% 0 P 0% f(5)'(% #'"#+58+,-9%
U7(F;,2('% 5)'#(2%*$(=% *)% />;*#$% *$(% (F(#"*+),% )5%*$(+'%>+H(!% ;,2% #$+72'(,9%>$+7(% $(%
0P[%
'(#7+,(2% &"C7+#78% ;=),-!*% $+!%#),#"C+,(!% *)%>;*#$%*$(%!&(#*;#7(3>+*$+,3;3!&(#*;#7(D/%
<"C!(L"(,*789% *$(% H('8% !+-$*% )5% *$(% B+,-% C(#;=(% ;,% (55(#*+H(%!&(#*;#7(% +*!(75% ;,2%
! I 7
$ X0)G=5*+$ Q;62'0G2)T$;)==)*()&=Z$ Q`5T1$ [G*(6G()$ '*$ ^5=)L36=Q+$ '*$ C-$ X50T3'00$ R)T-S+! @#1/D! I-##N!
0/L#-! E4=#O! "0$+0-8$! ?L#/+1+P5! +Q#! 7#*4/L! 74(Q1%+1*! 8/L! +Q#! A#6#$4(=#/+! 42! '=(1-#$ RDGKJ&'T()Z$
DGKJ&'T()$a*'P)&='21$/&)==+$A77!S+$B79:B+$ G2$B79!-$! I !
$ ^5=)L36=+!@&F&$ !-8I9:-$! I A
$ X0)G=5*+$Q;62'0G2)T$;)==)*()&=Q+$ I:-$
BA$
&')2"#(2% ;,% +,*(,!(% (=)*+),;7%'(;#*+),% +,%*$(% ;"2+(,#(G% *$(% ,(F*% ,+-$*%(+-$*% *$)"!;,2%
=)'(%'(C(7!%>$)%-)*%*$(%=(!!;-(%>('(%;C!)7"*(78%$)''+5+(2%;,2%57(2%*$(%#)",*'8D%
O7(;!),% $;!% ;**;#$(2% -'(;*% !+-,+5+#;,#(%*)%*$(%#),*')7% )5%*$(%C)2+(!% )5%*$(%(,(=+(!% ;,2%
*$(% /C)28%7;,-";-(/% +*%!)"-$*% *)%#),H(8% +,%;%C;**7(%!"#$% ;!% *$(%!+(-(%)5%N('"!;7(=G%/Y,%
*$(% $+-$3!*;B(!% $('=(,("*+#!% )5%*$(% !+(-(9% ;%#'"#+;7% *;!B% +,%*$(% !*'"--7(% 5)'%&)>('%>;!%
,)*%4"!*%*)%#),*')7%*$(%=)H(=(,*!% )5%C)2+(!9%C"*%*)%#),*')7% *$(+'%=(;,+,-!DD%D>(%5+,2%*$(%
#)=C;*;,*!% *'8+,-% *)% "!(% $"=;,% C)2+(!% ;!% !8=C)7+#% *)B(,!% +,% ;% #'"2(! 5'%4."!
30"%7">>>>1$(!(% #),!+2(';*+),!% ;'(9% Y% *$+,B9% !"55+#+(,*% *)% (F&7;+,% *$(% &'(!(,#(% )5%
="*+7;*(2%=(!!(,-('!%+,%N)!(&$"!M%,;'';*+H(D/0P@%
1$(% C)28% )5%*$(% #'"#+5+(2% H+#*+=% >;!% 5"778% (F&)!(29% ;,2% )5*(,%+,%,;B(2,(!!D% Y*%=)!*%
H+H+278% !('H(2% ;!% ;% H('8% &)>('5"7% /C)28% 7;,-";-(/% C8% >$+#$% $"=;,% +,2+-,+*89%
2+!$),)"'9% 2(-';2;*+),9% >(;B,(!!9% $(7&7(!!,(!!% ;,2% &)>('7(!!,(!!% >('(% -+H(,% *$(%
5"77(!*%&)!!+C7(%(F&'(!!+),D%j"+*(%,;*"';778%;7!)9%;%#'"#+5+(2%&('!),%>;!%"!";778%2(&'+H(2%
)5% *$(% $),)"'% )5% ;% 2(#(,*% C"'+;7D% Y,!*(;29% *$(% $"=;,% #)'&!(% )'% C)2+78% '(=;+,!% >('(%
=(;,*% 5)'%*$(%#),!"=&*+),%)5%C(;!*!%;,2%H"7*"'(!D%U77% *$(!(%="!*%C(%&"*% +,%*$(%#),*(F*%
)5% *$(%!)#+;7%(*$)!%)5%*$(%*+=(%#),#(',+,-%$"=;,%2+-,+*89%(!&(#+;778%=;!#"7+,+*89%&)>('%
;,2% $),)"'D% 1$(% #'"#+5+(2% H+#*+=% C(#;=(%*$(% H('8%(=C)2+=(,*% )'% (&+*)=(% )5%!$;=(9%
+,2+-,+*89% /5))7+!$,(!!/%;,2%/=;2,(!!/D%
<+,#(% /C)28% 7;,-";-(/% >;!% =(;,+,-7(!!% +,% *$(% I)=;,% >)'72% ;&;'*% 5')=% *$(% '(;7%
&$8!+#;7% $"=;,%C)289%",2('!*;,2+,-% *$(%I)=;,% H+(>% )5%C)28% +,%'(7;*+),%*)%=;,$))29%
(!&(#+;778% =;!#"7+,+*89%&)>('% ;,2% ;"*$)'+*89%!)#+;7% $),)"'% ;,2% !*;*"!9% C(#)=(!%=)!*%
(!!(,*+;7D% <"C!*;,*+;7% >)'B!%$;H(% ;7'(;28% C((,% 2),(% C8% !)=(%=)2(',% !#$)7;'!% +,%*$+!%
X0)G=5*+$ Q;62'0G2)T$K)==)*()&=Q+$ :.9"-$
B.$
+=&)'*;,*%;'(;D%
f;'*),% $;!% '+-$*78% )C!('H(2% *$;*% /$),)"'% >;!9% 5)'% *$(% I)=;,!9% !8,),8=)"!% >+*$%
MC(+,-MD% Y*%>;!% ,)*9%;!% +*%+!%5)'%"!9% !)=(%=+,)'% ;,2%2+!&(,!;C7(% ;!&(#*%)5%7+5(/D% Y*%>)"72%
*$('(5)'(%C(%;%=)!*%",C(;';C7(% *$+,-%!$)"72%*$;*%$),)"'%C(%7)!*D0 P ?%k;H+2%2(<+7H;%*$+,B!%
*$;*% *$(%*('=%/$),)"'/%$;!% !(H(';7% !8,),8=+#%=(;,+,-!D% Y*%+!%*$('(5)'(%,(#(!!;'8%5)'%"!%
*)% C(-+,% >+*$% ;% C;!+#% +,H(,*)'8% )5% &7;#(!% +,% >$+#$% *$(% H)#;C"7;'8% )5% $),)"'% ;,2%
2+!$),)"'% ;'(%"!(2%>$(,%>(%+,H(!*+-;*(% *$(%$),)"'%2+!#)"'!(% >+*$+,% ;%*(F*D%1$+!%>)"72%
+,#7"2(% >)'2!% 5)'% /'(&"*;*+),/% )'% /)&+,+),/9% /$),)"'/9% /2+!$),)"'/9% /'(&');#$/9%
/)"*';-(/% />)'*$8/9% /,)C7(/9% /&';+!(/9% /!#)',/9% ;,2% *$(% 7+B(D% 1$+!% 7+!*% #)"72% C(%
(F&;,2(2% C8% #),!+2('+,-% !8,),8=!% ;,2% C8% 7))B+,-% 5)'% )*$('% 5)'=!% S(D-D9% H('C!9%
;24(#*+H(!9%(*#DT%C"+7*%),%*$(%!;=(%'))*!%;!%*$(%>)'2!% ;C)H(D0Pc%
g;7+,;%$)72!% *$;*% +,%*$(%g(2+*('';,(;,% >)'729% /5')=%;%!8=C)7+#%&)+,*%)5%H+(>9% $),)"'%
!*;,2!%5)'%;%&('!),M!% '+-$*5"7%&7;#(% +,%!)#+(*89% ;%&('!),M!% !)#+;7% !*;,2+,-D%1$+!%$),)"'%
&)!+*+),% +!%=;'B(2%)55%C8%C)",2;'+(!% #),!+!*+,-%)5%&)>('9%-(,2('%!*;*"!9%;,2%7)#;*+),%),%
*$(% !)#+;7% 7;22('D/% V')=% ;% 5",#*+),;7+!*%&)+,*% )5% H+(>9% /$),)"'% +!% *$(% H;7"(% )5% ;%
&('!),% +,%$+!% )'% $('% )>,%(8(!%&7"!% *$(% H;7"(% )5% *$;*% &('!),% +,% *$(% (8(!%)5% $+!% )'% $('%
!)#+;7% -')"&D% E),)"'% +!% ;% #7;+=% *)% >)'*$% ;7),-% >+*$% *$(% !)#+;7% ;#B,)>7(2-=(,*% )5%
>)'*$D/ 0 P P% g)'()H('9% /&$8!+#;7% ;55'),*!%;'(% ;7>;8!% !8=C)7+#% ;55'),*!%*$;*% '(L"+'(% ;%
0PR%
'(!&),!(D%V;+7"'(%*)%'(!&),2%=(;,!%2+!$),)"'9% 2+!-';#(D/%
! # "
$ `G&25*+!RQ#!74--4S%5$ !:,-$! I B
$ NGP'T$ W-$ T)C'0PG+! RQ#! T4(#! 42! I$4-PO! T4/4-! A1%*40-%#! 8/L! ,#S! R#%+8=#/+! ?/+#-(-#+8+14/!
RD500)()P'00)Z$F3)$['26&('<G0$/&)==+$!888S+$8-$! I ,
$ ;G0'*G+!RQ#!,#S!R#%+8=#/+! U4-$L5$ B"-$! I I
$ ;G0'*G+!RQ#!,#S!R#%+8=#/+! U4-$L5$ B"+$.A-$! I :
$ ;G0'*G+!RQ#!,#S!R#%+8=#/+! U4-$L5$ BB-$
B"$
U##)'2+,-%*)%g;7+,;M!%",2('!*;,2+,-9% *$(% #'"#+5+(2%:$'+!*%)CH+)"!78%5;+7(2% *)%=;'B% )55%
*$)!(% /!)#+;7% C)",2;'+(!/D% 1$+!% >;!% !+=&78%C(#;"!(% ;!% ;% #'"#+5+(2% H+#*+=% *$('(% >;!9%
$"=;,78% !&(;B+,-9% ;C!)7"*(78% ,)%>;8% 5)'%N(!"!%*)%2+!&7;8%$+!% /&)>('/% ;,2% (F$+C+*%$+!%
=;,78% /-(,2('% !*;*"!/D% W)'% >;!% N(!"!% ;C7(% *)% #$))!(% $+!% /7)#;*+),/%>$(,% $(% >;!%
$(7&7(!!78% ,;+7(2% *)% *$(% #')!!D% 1$('(5)'(9%6;"7M!% /=(!!;-(%)5%*$(% #')!!/% >;!%)55(,!+H(%
,)*% ),78% *)% *$(% I)=;,% ;"*$)'+*+(!% C"*% ;7!)% *)% *$(% >$)7(% &)&"7;#(9% ;##)'2+,-% *)% *$(%
0%/Pj%
-(,(';7% !)#+;7%(*$)!%)5%*$(% *+=(D% Y*%+!%,)*%$;'2%*)% +=;-+,(%>$;*% !)'*% )5%'(!&),!(%6;"7%
>)"72% -(*% >$(,% $(% *)72% *$(% :)'+,*$+;,!% *$;*% $(% $;2% 2(#+2(2% *)%B,)>%,)*$+,-%;=),-%
*$(=% /(F#(&*% N(!"!% :$'+!*% ;,2% $+=% #'"#+5+(2/D% 6('$;&!% ,)% +,H('!+),% )5% !)#+;7% (*$)!%
#)"72%C(%=)'(%';2+#;7%*$;,%*$;*D%
V)'% ;% #'"#+5+(2% H+#*+=% $;,-+,-% *$('(% +,% ;C!)7"*(% $(7&7(!!,(!!% ;,2% &)>('7(!!,(!!% ;,2%
!$;=(5"778%+,%*$(% 5"77% H+(>% )5%*$(%&"C7+#9%+*%>)"72% C(% ;%C7;*;,*78%#'"(7%=)#B('8%*)%*;7B%
;C)"*% /$),)"'/9% />)'*$/% ;,2% *$(% $)!*% )5% )*$('% !)#+;7% /H;7"(!/% ;,2% =)';7% /H+'*"(!/l%
f(#;"!(%$+!! (:1,?% 7;,-";-(/% #7(;'78% *(!*+5+(2%*$;*% $(% $;2% ,),(% )5% +*l% g)'()H('9% +59%;!%
g;7+,;% $;!% !"--(!*(29% /&$8!+#;7% ;55'),*!%;'(% ;7>;8!% !8=C)7+#% ;55'),*!%*$;*% '(L"+'(% ;%
'(!&),!(/%;,2%/5;+7"'(% *)%'(!&),2%=(;,!%2+!$),)"'9% ;,2%2+!-';#(/9% ;%#'"#+5+(2%H+#*+=%+,%
$+!% ;C!)7"*(% $(7&7(!!,(!!% ;,2% &)>('7(!!,(!!% ),% *$(% #')!!% #)"72% ),78% ;##(&*% ;77% *$(%
2+!$),)"'% ;,2% 2+!-';#(% ;!% $+!% &'(2(!*+,(2% 5;*(D%1$('(% >;!% ;C!)7"*(78% ,)% >;8% 5)'%$+=%
(H('%*)%/'(!&),2/% +,%$+!%#),2(=,(2%!*;*(D%
K,(% #)"72%&('$;&!% '(7;*(% *$+!% *)% *$(% !#(,(%)5%:$'+!*M!% #'"#+5+F+),% ;-;+,D% Y*%>;!% L"+*(%
#7(;'78% +,%'(#)-,+*+),%)5%N(!"!M% "**('% $(7&7(!!,(!!% ;,2%&)>('7(!!,(!!% *$;*% !)=(%)5% *$(%
&;!!('!3C8% '(H+7(2% $+=9%!$;B+,-% *$(+'%$(;2!%;,2% !;8+,-9%/U$;9%8)"%>$)%>('(% -)+,-%*)%
2(!*')8%*$(%*(=&7(%;,2%C"+72% +*%+,%*$'((%2;8!l%<;H(%8)"'!(75l%:)=(%2)>,%5')=%*$(% #')!!l%
H)*()0+! "-0*121314/5$ B-$
BB$
<+=+7;'78% *$(%#$+(5%&'+(!*!DDDDE(% !;H(2% )*$('!_% E+=!(75%E(%#;,,)*% !;H(DDD/%Sg;'B% 0cD[Z3
@0TD%:$'+!*M!%)>,%!((=+,-78%2(!&(';*(%#'8%3!(@51')! @51')! 5"#"! -":"7A&A"%'5% S0cD@?T%3% ,)%
2)"C*%#)"72%),78% 5"'*$('%#),5+'=%$+!% ;C!)7"*(% $(7&7(!!,(!!%;,2%&)>('7(!!,(!!%;!% 5;'%;!%
*$(%!&(#*;*)'!%>('(%#),#(',(2D% U,2%8(*9%$('(%7+(!%*$(%'(;7% /5))7+!$,(!!/%;,2%/=;2,(!!/%
)5% *$(% >$)7(% *$+,-9% C(#;"!(%6;"7% *)72% *$(% :)'+,*$+;,!% +,%,)% ",#('*;+,% *('=!% *$;*% /*$(%
=(!!;-(%)5%*$(%#')!!/% +!!*B"C'+2% /*$(%&)>('%)5%O)2/!*:6"D'<% h()"9% 0%:)'D% 0D0RT%;,2%*$;*%
*$(% ;&)!*7(% $+=!(75% $;2%2(#+2(2% *)%B,)>%,)*$+,-%;=),-% *$(=%/(F#(&*% :$'+!*%;,2%$+=%
#'"#+5+(2/%S(7! E'0E! F50/16% m&+)*)H$ bG0$ F%aF%c$ )GFG6LO6)P5'@+%[D[TD%
V)'%;,#+(,*% &()&7(!% +,%-(,(';79% ;,2%5)'%*$(%O'((B!% ;,2%I)=;,!% +,%&;'*+#"7;'9%*$('(% >;!%
&('$;&!%,)*$+,-%=)'(%!$;=(5"7%;,2%$"=+7+;*+,-% *$;,%*$(%&"C7+#%2+!&7;8%)5%*$(%#'"#+5+(2%
&('!),9% +,#7"2+,-% *$(% (F&)!"'(% )5% *$(% C)28% S)5*(,% +,% #)=&7(*(% ,;B(2,(!!TD% 2(<+7H;%
;'-"(!%*$;*% *$(% &$8!+#;7%C)28%="!*%C(% *;B(,% +,*)%!('+)"!% #),!+2(';*+),% +,%*$(%=;**('%)5%
$),)"'G%
U%=)'(% #)=&7(F%!8!*(=% )5%!8=C)7+A+,-% *$(%$),)"'%)5%;%&('!),% +!%*)%C(% 7)#;*(2%
+,% *$(% *'(;*=(,*% )5% *$(% &$8!+#;7% C)289% 5)'% *$('(% (F+!*(2% ;,% +,*+=;*(%'(7;*+),%
C(*>((,% $),)"'% ;,2% *$(% &$8!+#;7% &('!),DDDD:)'&)';7% &",+!$=(,*9% !"#$% ;!%
57;-(77;*+),%)'%#'"#+5+F+),9%+!%;,%;#*%)5%2(-';2;*+),% +=&)!(2%"&),%;%C)289%;%*)B(,%
)5% *$(% 7;#B% )5%(!*((=% +,%>$+#$% #'+=+,;7!%>$)%;'(% !)% &",+!$(29% ;'(% $(72D% <"#$%
)C!('H;*+),!% !$)"72%7(;2%"!9%*$(,9%*)%&;8%#;'(5"7%;**(,*+),%*)%2(*;+7!% *)"#$+,-%*$(%
&$8!+#;7% &('!),% ;,2% *$(% *'(;*=(,*% )5% *$;*% &('!),% C8% )*$('!% ;!% +,2+#;*+),!%)5%
$),)"'%(F#$;,-(!D%
1$+!% )C!('H;*+),% )5% 2(<+7H;% +!% +=&)'*;,*% +,% ",2('!*;,2+,-% *$(% !#;,2;7)"!% ,;*"'(% )5%
#'"#+5+F+),%;!%>(77% ;!%*$(%&$8!+#;7%;C"!(%>$+#$%*$(%H+#*+=%!"55('(2D%
gD% `D%<;*7)>M!% '(!(;'#$%$;!% !$)>,% *$;*% /N(>+!$% !)"'#(!%5')=%;,*+L"+*8%#),!*'"#*% =;7(%
,;B(2,(!!% +,% ;% =)'(% )'% 7(!!% #),!+!*(,*% =;,,('D% g;7(%,;B(2,(!!% +!% ;,% )55(,#(%*)% *$(%
T)C'0PG+!RQ#!T4(#! 42!I$4-P5$ !"-$
B,$
!;#'(2D% <+=+7;'789% *$(% 2+H+,(%3% ;,2% $+!% '(&'(!(,*;*+H(!%$('(%),% (;'*$9% >$(*$('% *$(8% ;'(%
B+,-!9%&'+(!*!9%)'%';CC+!% 3%2)(!%,)*%'(H(;7%$+=!(75%*)%!)#+;7% !"C)'2+,;*(!D/0R0%
O7(;!),% *$+,B!% *$;*% /;7*$)"-$%>(%#;,,)*% C(%!"'(%*$;*% *$(% I)=;,% -(,(';778% ",2('!*))2%
*$;*% N(>!%>('(% !&(#+;778% !(,!+*+H(% ;C)"*% ,"2+*8% +,%*$(%&'(!(,#(%)5%!)#+;7% +,5('+)'!9%*$(%
H('C$ 56b[Sn)Z);9% #)==),78%"!(2% 5)'%!#)"'-+,-9% >(77% #),H(8!% *$(% +,4"'8% *)% !*;*"!% *$;*%
!"#$% &",+!$=(,*% +,H)7H(2D/0R [%N)$,M!%O)!&(7% >+*,(!!(2% ,)*%),78%*$(% 2+H+2+,-% )5%N(!"!M%
#7)*$(!%C8%*$(%!)72+('!% ;*%*$(%*+=(%)5%#'"#+5+F+),9%C"*%;7!)%*$(%')CC+,-%)5%$+!%*",+#%S0ZD[@9%
[?TD% 1$+!%#)"72%>(77% +=&78%5"'*$('%(F&)!"'(%)5%N(!"!M%C)28%;,2%*$(%2+!$),)"'+,-%)5%+*D%
f"'+;7% >;!% (L";778% +=&)'*;,*% 5)'%;%,)'=;7%&('!),% +,%;,#+(,*% #"7*"'(D%1$(% C"'+;7%)5%*$(%
2(;2% &('!),% >;!% +,2+#;*+H(%)5% $+!% !)#+;7% ';,B9% $),)"'% ;,2% &"C7+#% +2(,*+*8D%Y,% $+!! =$!
G$4':.-)% 67;*)% 2+!#"!!(2% 5",(';'8% 7(-+!7;*+),G% S0T% V",(';7% '+*(!% >('(% '(L"+'(2% 5)'% *$(%
2(;2%*)%C(%&('5)'=(2%+,%'(!&(#*%)5%*$(%-)2!D% S[T%f"'+;7% !$)"72%C(%#;''+(2%)"*%),%*$(%*$+'2%
2;8D% S@T% f"'+;7% !$)"72% C(% $(72% )"*!+2(% )5% *$(% #+*8% ;,2% >+*$% =)2(';*(% =)"',+,-D%S?T%
g)"',+,-%;,2%7;=(,*;*+),%!$)"72%C(%;&&')&'+;*(% ;,2%#),*')77;C7(D0R@%
U##)'2+,-% *)%k),,;%X"'*AM!% !*"289% *$(% C"'+;7%)5%*$(%O'((B!%>;!% #),#(',(2% >+*$% *)=C%
;'#$+*(#*"'(% ;,2% =(=)'+;7!% ;!% >(77% ;!% '+*(!D% <)=(% &)!!(!!+),!% )5% *$(% 2(;2% >('(%
2(!*')8(2% )'% C"'+(2% >+*$% *$(=D%O'((B!% '(-;'2(2% 2(;*$% ;!% ;% !7)>% *';,!+*+),% *)% ;,)*$('%
5)'=% )5% 7 + 5 ( D 0 R ?%X"'*A% ,)*(!% *$;*% /C8% *$(% :7;!!+#;7% &('+)2% O'((B% C"'+;7!% !((=% *)%$;H(%
2(H(7)&(2% ;!% 5;'% ;!% *$(8% &)!!+C78% #)"72% *)% !;*+!58+,-%*$(% 7+H+,-9% >+*$+,% ;% !(L"(,#(%)5%
;-$ [ -$CG205O+$ Q^)O'=3$D5*=2&6<2'5*=$5E$dGe)T*)==$ '*$[G2)$W*2'f6'21Q+!F@G$ !!,#.$R!88IS+$ "A89B"+$G2$
"B.-$! : A
$ X0)G=5*+$Q;62'0G2)T$K)==)*()&=Q+$ :!-$! : .
$ /0G25+!G#D&$8B:N98,7`-$! : "
$ N5**G$D-$b6&2g$G*T$^53*$`5G&TKG*+! I-##N! @0-18$! "0%+4=%$ R[5*T5*$G*T$C5623GKL25*Z$F3GK)=$ G*T$
H6T=5*+$ !8I!S+$ .A89.A-$
BI$
'+*(!%>$+#$%&'(!('H(2% *';2+*+),;7%&';#*+#(9%8(*%>$+#$%-;H(%!#)&(%*)%(F&'(!!+),% )5%$"=;,%
0Rc%
-'+(59%;2=+';*+),9%(H(,% $)&(D/%
:+#(')%2(!#'+C(2% 5",(';'8%'(-"7;*+),% ;*% -'(;*% 7(,-*$D% :+#(')%$;2% C;!+#;778% &'(!('H(2%
67;*)M!% H+(>% ),% C"'+;7% #"!*)=D% S0T%I+*(!% 5)'%*$(% 2(;2% ;'(% +,%$),)"'% )5%-)2!D% S[T%1$(%
#)'&!(%!$)"72%C(%C"'+(2%C(5)'(%2;8C'(;BD% S@T%f"'+;7%)'%#'(=;*+),%!$)"72%C(%$(72%)"*!+2(%
)5% *$(% #+*8% ;&;'*% 5')=% 5;=)"!% &('!),!% ;,2% (=&(')'!D0RP% S?T% `+=+*;*+),% )5% *$(%5",(';7%
(F&(,!(% 7+B(% =),"=(,*!% ;,2% =)"',+,-D%ScT%K55('+,-!%;'(% +,% $),)"'% )5% *$(% 2(;2D% SJT%
`;>!% 5)'%*$(% &')*(#*+),%)5%-';H(!% S[D0h3[JTD%Y,%*$(%I)=;,% &('+)29%C"'+;7% *(,2(2% *)%C(%
7"F"'+)"!9%(F*';H;-;,*% +,%=),"=(,*!% )'%#)7"=,!9%;,2%*$(%(,)'=)"!% !+A(%)5%*)=C!D%
N)#(78,% 1)8,C((M!% )C!('H;*+),% +!% ;7!)% !+-,+5+#;,*G%/;77%I)=;,% 5",(';'8%&';#*+#(% >;!%
+,57"(,#(2%C8%*>)%C;!+#%,)*+),!%3% 5+'!*9%*$;*%2(;*$%C')"-$*%&)77"*+),%;,2%2(=;,2(2% 5')=%
*$(% !"'H+H)'!% ;#*!% )5% &"'+5+#;*+),% ;,2% (F&+;*+),_% !(#),2789% *$;*% *)% 7(;H(% ;% #)'&!(%
",C"'+(2%$;2%",&7(;!;,*% '(&('#"!!+),!% ),%*$(%5;*(%)5%*$(%2(&;'*(2% !)"7D/0R R%
U##)'2+,-% *)% N(>+!$% C"'+;7% #"!*)=9% C"'+;7% )5% *$(% 2(;2% *))B% &7;#(% +==(2+;*(78%;5*('%
2(;*$% ;,2%C8%!",!(*%),%*$(%2;8%)5%2(;*$D%1$(%#)'&!(%>;!%>;!$(2% ;,2%>';&&(2%*+-$*78%C8%
7+,(,% #7)*$!% ;')",2% *$(% C)28% S=D% <(=;$)*% 0[D0hT% ;,2% &7;#(2% +,% ;% #)55+,D% f8'),%
g#:;,(M!% 2+!!('*;*+),% $;!% !$)>,% *$;*% /(;'78%:$'+!*+;,!% ;,2% N(>!% +,%I)=;,% 6;7(!*+,(%
!$;'(2% #)==),%'+*";7!9%*$()7)-+(!9% ;,2%#"7*"';7%H;7"(!%)5%2(;*$% ;,2%C"'+;7D/0 R Z%
! : B
$ b6&2g$+!I-##N5$ ..A9.-$! : ,
$ D'<)&5+!G#D&$A-AA-B,@$<E-$h)*5L35*+!"P-&$ :-I-AB-$! : I
$ W<<5&T'*($25$ D'<)&5+$ J523$ <&)KG2'5*$ G*T$ '*36KG2'5*$ O)&)$ L&G<2'=)T$ '*$ 23)$ E'E23$<)*26&1$ `D!VG#D&!
A-A.-B:S-$! : :
$ ^5<)01*$;-$D-$F51*J))+! A#8+Q! 8/L!@0-18$! 1/!+Q#!E4=8/! U4-$L$ R[5*T5*$G*T$C5623GKL25*Z$F3GK)=$
G*T$H6T=5*+$!8I!S+$".-$! : 8
$ `1&5*$i-$;<DG*)+! F#S%5! "Q-1%+18/%5! 8/L! @0-18$! 1/!E4=8/! 98$#%+1/#$ RW**$W&J5&Z$ a;j$ N'==)&2G2'5*$
C)&P'<)=+$A77BS+$ A.,-$
B:$
U% #'"#+5+(2% H+#*+=% >;!% "!";778% 2(&'+H(2% )5% *$(% ;C)H(% C"'+;7% #"!*)=!% ;,2% '+*";7!D%U!%
!"#$% $(% >;!% H+'*";778% #"*% )55%5')=% $+!% !)#+(*8% ;,2% C(#;=(% ;,% )"*#;!*% +,% $+!% 2(;*$9%
C(#;"!(%)5%#'"#+5+F+),D%
N)!(&$"!9% >+*$% $+!% C+3#"7*"';7% C;#B-')",2% *$"!% #),!+2('(2% *$(% *$')>+,-% )"*% )5% *$(%
C)2+(!% +,%,;B(2,(!!%;,2%>+*$)"*%C"'+;7%;%=)!*%H+)7(,*%;,2%$"=+7+;*+,-%;#*9%(!&(#+;778%5)'%
;'+!*)#';*+#% N(>!G% /f)2+(!% *$;*% $;2% 7;*(78%>)',% *$(% !;#'(2% -;'=(,*9% *$;*% $;2% &'(!+2(2%
)H('%#)!=+#%#('(=),+(!% ;,2%'(#(+H(2%&')!*';*+),!% 5')=%(H('8%#)',('%)5%*$(%-7)C(9%>('(%
!((,% ,;B(29% *$')>,% )"*% ;!% #;''+),% 5)'%2)-!% ;,2% >+72% C(;!*!$ R)LL'66'P5'! ?E2E'+H5$ L5LG$
c! -;! ?$ U$%$ !% M% o% pq0Zh%
XQOQ% X:r% R'SL'6SP$ )LW)'F%cF5S-$
g)'()H('9%;!%O7(;!),%$;!% +,!+-$*5"778%)C!('H(29%+,%;%#"7*"'(%>$('(%;"*),)=8%;,2%!)#+;7%
#),*')7%>('(%;'*+#"7;*(2%+,%C)28%7;,-";-(9% /*$(%O'(#)3I)=;,%;'+!*)#';*!% >('(%(F&(#*(2%
*)%2+!&7;8%;%C)28%5'((%5')=%*$(%!#;'!%)5%="*+7;*+,-%&",+!$=(,*%)'%=;,";7%>)'B9%;,2%5)'%
;'+!*)#';*+#% N(>!9% *$(% !*;B(!% >('(% (H(,% $+-$('D% <+,#(% ;'+!*)#';*+#% &$8!+#;7%&('5(#*+),%
(,#)2(2% ,)*% ),78% *$(% !)#+;7%$+!*)'8%)5%*$(%C)289%C"*% ;7!)% +*!%5+*,(!!%5)'%2+H+,(% !('H+#(9%
&$8!+#;778%+=&('5(#*%=(,%#)"72%,)*%;!!"=(%&'+(!*78%2"*+(!D/0Z0%
!-,$D5*<06='5*$
1$(%=;+,%#),#(',%)5%*$+!%#$;&*('% +!%#'"#+5+F+),%+,%;,*+L"+*8%>+*$%'(5('(,#(%*)%!)=(%)5%+*!%
=;+,% 5(;*"'(!D% Y,% )'2('% *)% !$)>% $+!*)'+#)3!)#+;778%!)=(% )5% *$(% =)!*% $)''+C7(% ;,2%
2+!*"'C+,-% ;!&(#*!% )5% $"=;,% 2(-';2;*+),% ;,2% $"=+7+;*+),% +,% #'"#+5+F+),9% #),!+2(';C7(%
(F;=&7(!% $;H(% C((,% #+*(2% 5')=%&'+=;'8%;,#+(,*% !)"'#(!% ;!% >(77% ;!% !(#),2;'8% =)2(',%
!#$)7;'78% H+(>!D%<&(#+;7% >(+-$*%$;!% C((,% -+H(,%*)% *$(% #'"#+5+F+),% )5%&()&7(% )5%7)>('%
! 8 7
$ ^5=)L36=+!@&F&$"-.A"9AB$ R<E-$I-A77S-$! 8 !
$ X0)G=5*+$Q;62'0G2)T$K)==)*()&=Q+$:"-$
B8$
!*';*;%)5%!)#+(*89%+,#7"2+,-%!7;H(!%;,2%N(>!9%C(#;"!(%*$+!%=)!*%2(*(!*;C7(% 5)'=%)5%#;&+*;7%
&",+!$=(,*%>;!%#)==),78%;&&7+(2%*)% *$(=9%+,#7"2+,-%N(!"!D%1$(%B+,2!%)5%2(-';2;*+),%
;,2% $"=+7+;*+),% *$;*% *$(% #'"#+5+(2% H+#*+=!% (,2"'(2% >('(% !(753(H+2(,*% +,% !)=(% )5% *$(%
#;!(!%#+*(2D%
1$(% &"C7+#% ,;*"'(% )5% #'"#+5+F+),% ;,2% *$(% B+,2% )5% /C)28% 7;,-";-(/% #),H(8(2% C8% *$(%
#'"#+5+(2% H+#*+=!% ;,2% *$(% (,*+'(%!#(,(%)5%*$(%(F(#"*+),9% +,#7"2+,-% *$)!(%=)!*%+,$"=;,%
*'(;*=(,*!% *$(% H+#*+=!% )5*(,%'(#(+H(29%C)*$%C(5)'(%;,2%2"'+,-%*$(% 5+,;7% ;#*% +*!(759%=;2(%
*$+!% 5)'=%)5%#;&+*;7%&",+!$=(,*%*$(%=)!*% $)''+5+#%;,2%#'"(77(!*%=;,,('% )5%$"=;,%2(;*$D%
1$(% #')!!% *$"!% C(#;=(% ,)*% ),78% ;% =)!*% &)>('5"7% H+!";7% !8=C)79% C"*% ;7!)% ;% H('8%
+=&'(!!+H(% ;,2% =)H+,-% /C)28% 7;,-";-(/D% 1$)!(% #;!(!% )5% #'"#+5+F+),% ;,2% *$(%
#)==(,*;'+(!% ),%*$(=%;'(%,)*%=;2(% +,%;%H;#""=9%C"*%+,%*$(%#),#'(*(% ;,2%$;'!$% '(;7+*8%
)5% *$(%!)#+;7%(*$)!%C(5)'(%;!%>(77%;!%2"'+,-%6;"7M!% *+=(D%
E(,-(7%>;',!% ;-;+,!*% ;**(=&*!9%C)*$%;,#+(,*%;,2%=)2(',9%/*)%C7"'%*$(%!$;'&%#),*)"'!%)5%
6;"7M!% '(=;'B!% ;C)"*% *$(%#')!!%)5%:$'+!*DDD+,% !8=C)7+#3;77(-)'+#;7% )'%#)!=+#% *('=!/D0Z[%
1$+!% +!%C(#;"!(9%5)'%6;"7%;,2%$+!%5(77)>%:$'+!*+;,!%)5%*$(% *+=(9% *$(%#')!!%)5%:$'+!*%/>;!%
,)*%;%2+2;#*+#9%!8=C)7+#%)'%!&(#"7;*+H(%(7(=(,*%C"*%;%H('8%!&(#+5+#%;,2% $+-$78%)55(,!+H(%
=;**('/9% >$+#$% C')"-$*% ;%-'(;*% C"'2(,% *)% *$(% 7+5(% ;,2%>+*,(!!% )5% *$(% (;'78%:$'+!*+;,!D%
E(,-(7% *$"!% *$+,B!%*$;*% +*%>;!% 5)'%*$+!% H('8% '(;!),% *$;*% *$(% '(7;*+H(78% 8)",-%:$'+!*+;,%
#$"'#$% +,%:)'+,*$% !)"-$*% /*)%(!#;&(%5')=%*$(% #'"#+5+(2%:$'+!*%+,*)% *$(% (,*$"!+;!*+#% 7+5(%
)5% *$(% !&+'+*9% *$(% (,4)8=(,*% )5% $(;H(,78% '(H(7;*+),!% ;,2% ;,% ;!!"';,#(% )5% !;7H;*+),%
#),,(#*(2% >+*$% =8!*('+(!% ;,2%!;#';=(,*!D/0Z@% f"*%5)'%*$(%:$'+!*+;,!%*$(=!(7H(!% ;!% >(77%
;!% 5)'% *$(+'% )&&),(,*!% ;,2% #'+*+#!9% *$('(% >;!% ;#*";778% ,)% >;8% 5)'% *$(% /!&+'+*";7/%
:)'+,*$+;,!% *)%(!#;&(%;,2% !*+77% '(=;+,%*'"(%*)%*$(%$+!*)'+#;7%'(;7+*8%)5%*$(% #'"#+5+F+),%)5%
! 8 A
$ H)*()0+!"-0*121314/5$ !I9:-$! 8 .
$ H)*()0+!"-0*121314/5$ !:-$
,7$
!"#$%&'(&'&")'%(*)'&$*)+',(-./%' 01)2'(34205.)67)*)2&'$2'8'!0#+'8+89:'&"(&';&")'*)%%(7)'
0<' &")'3#0%%'$%'<00.$%"2)%%'&0'&")'1)#$%"$27;:'(%'5)..' (%' &")')2&$#)'1(%%(7)'8+89=>8:'*-%&'
(330#6$27.?' @)' -26)#%&006' (26' 1)#3)$A)6' $2' &")' 0A)#(..' 302&)B&' 0<' 3#-3$<$B$02' $2'
(2&$C-$&?' (%' 5)..' (%' $2' 3.0%)' 3022)3&$02' 5$&"' &")' 302A)2&$02(.' %03$(.' )&"0%' 0<' &")'
(10%&.)/%'&$*)+'
!"#
$%&'()*#+,-.# /-01)#2)&(%#34#5*)6-78-9&4#&4:#;),3<%#+*&:3(3-4<#
=>"#?4(*-:@6(3-4#
D")'%&-6?'0<'3#-3$<$B$02' $2'(2&$C-$&?'$2'&")'1#)A$0-%'3"(1&)#' "(%' %"052'&"(&'02)'0<'&")'
*($2'#)(%02%'<0#'1)01.)/%' 1)#3)1&$02'0<',(-./%' ;*)%%(7)'0<'&")'3#0%%;' (%';<00.$%"2)%%;'
5(%' @)3(-%)' 0<' &")! "#$$%&' 0<'!"#$%&/%' )B)3-&$02:' 2(*).?:' 3#-3$<$B$02+' D")#)' *$7"&:'
"05)A)#:' @)' 0&")#' $*10#&(2&' <(3&0#%' &"(&' "(6' (.%0' 302&#$@-&)6' &0' 1)01.)/%' 1#)E-6$3)'
(7($2%&' &")',(-.$2)'*)%%(7)+'F)3)2&' %&-6$)%'"(A)'$26$3(&)6'&"(&'@?'&")'&$*)'0<',(-.'&")#)'
5(%' (' 3023)1&' &"(&' 5(%' #(&")#' 1#)A(.)2&' (*027' G#))4%:' F0*(2%' (26' H)5%:' 2(*).?:'
;20@.)'6)(&";+' I2'&")'G#)30=F0*(2'50#.6:'&")'*0%&'3.(%%$3')B(*1.)'0<';20@.)'6)(&";'$%'
7)2)#(..?' (%%-*)6'&0'@)' &")'<(*0-%'6)(&"' 0<'J03#(&)%:' &")'1"$.0%01")#!'#&! %()%**%$)%+!
(26'<0#'&")'H)5%:' &")'6)(&"' 0<'&")'K(33(@)(2' ;*(#&?#%;+'D"$%'3"(1&)#' $%'6)A0&)6'&0'&")'
%&-6?'0<';20@.)'6)(&";'$2'@0&"'G#)30=F0*(2'(26'H)5$%"'&#(6$&$02%+'I&'5$..' &#?'&0'%"05'$2'
5"(&' 5(?' 0#' 5(?%' &")' %-@E)3&' $%' #).)A(2&' &0' &")' 6)(&"' 0<'H)%-%:' )%1)3$(..?' &0' ,(-./%'
;*)%%(7)'0<'&")' 3#0%%;+' I&'5$..' @)7$2' 5$&"' ('%&-6?'0<'20@.)' 6)(&"' $2'&")'G#)30=F0*(2'
&#(6$&$02:' 5$&"' %1)3$(.' #)<)#)23)' &0' &")'6)(&"' 0<'J03#(&)%:' &0'@)' <0..05)6' @?'('%&-6?'0<'
20@.)' 6)(&"' $2' H)5$%"' &#(6$&$02' 5$&"' %1)3$(.' #)<)#)23)' &0' &")' K(33(@)(2' *(#&?#%+'I2'
(66$&$02:'&")#)' 5$..' (.%0'@)'('@#$)<'#)A$)5'0<'%0*)'#)3)2&'%&-6$)%'02'20@.)'6)(&"+'
=>=#/-01)#:)&(%#34#(%)#5*)6-78-9&4#+*&:3(3-4#
=>=>"#A-6*&()<B#(%)#'%31-<-'%)*!"#$! %&'%((%)'%!
L$4)'H)%-%'(26'('<)5'0&")#'7#)(&' #).$7$0-%'&)(3")#%'(26'1"$.0%01")#%:'J03#(&)%'MNOP=>QQ'
R!S' 5#0&)'20&"$27+'T$%'.$<)'(26'&"0-7"&'(#)' .(#7).?'6)#$A)6'<#0*'&")'5#$&$27%'0<',.(&0+'
D")#)' "(%' @))2' (' 7)2)#(.' 302%)2%-%' &"(&' J03#(&)%' 5(%' ;(' *(2' 0<' 7#)(&' $2&)..)3&-(.'
!=#
@#$..$(23):' *0#(.' $2&)7#$&?:' 1)#%02(.' *(72)&$%*:' (26' 1"?%$3(.' %).<=30**(26+;8QN' I&'$%'
(.%0' 205' 7)2)#(..?' (7#))6' &"(&' (..'&")' 6$(.07-)%' 0<',.(&0' 5)#)' 5#$&&)2' (<&)#'J03#(&)%/'
6)(&"+'U#$%&01"(2)%/! ,*-./01' 5"$3"' <$#%&'(11)(#)6'$2'NV>'R!:'*(?'@)'&")'02.?' )A$6)23)'
<#0*'J03#(&)%/' 052' .$<)&$*)+8 Q W',.(&0/%' 10#&#(?(.' 0<'J03#(&)%' $2' "$%! /2#*-3.%0' #)*($2%'
.(#7).?' 302%$%&)2&+' R-&'&")?' %"0-.6'20&'@)' #)(6' (%' ('&)3"2$3(.' ;@$07#(1"?;'0<'&")' 7#)(&'
1"$.0%01")#+' ,.(&0' 5#0&)' (%' (2' (10.07$%&' $2' 0#6)#' &0' 1#)%)2&' J03#(&)%' (%' ;&")' $6)(.'
)*@06$*)2&' 0<' 1"$.0%01"?:' -2E-%&.?'&#(6-3)6' @?' 302<-%$02' 5$&"' @07-%' 1#(3&$&$02)#%'
MJ01"$%&%S'(26'-2E-%&.?'3026)*2)6' <0#'"$%'6)6$3(&$02'&0'&")'1"$.0%01"$3'. $ < ) + ; 8 Q X'
K-3"' 0<' J03#(&)%/' &$*)' (26' )2)#7?' 5(%' 1#)033-1$)6' 5$&"' 5$%60*:' &#-&"' (26' #$7"&'
3026-3&:' (.&"0-7"' ")' 02.?' #)7(#6)6' "$*%).<' (%' (' <)..05' %))4)#'0<'&#-&"' (26' (' .0A)#'0<'
5$%60*'MNY$UX(03ZS0[\S:'@-&'20&'('5$%)'*(2' M003EE03+S+'J03#(&)%/' 3#$&$3(.' (26' $2C-$%$&$A)'*$26'
*(6)'"$*'('#0.)'*06).'<0#'&")'%)#$0-%' (26'&"0-7"&<-.'%))4)#%'(<&)#'&#-&":'@-&'(&'&")'%(*)'
&$*):' $&' (.%0' #)26)#)6' "$*')B3))6$27.?' -2101-.(#' 5$&"' &")' 30*1.(3)2&:' 105)#<-.' (26'
%).<=3023)$&)6:' $23.-6$27' &")' 00[&Y0$'0<'U&")2%+' I2' &")' %1#$27' 0<' >QQ' R!' J03#(&)%' 5(%'
<0#*(..?' 1#0%)3-&)6' @?' &")' 30-#&' (26' 3026)*2)6' &0' 6)(&"+' K).)&-%' 5(%' &")' *($2'
(33-%)#'0<'J03#(&)%'$2',.(&0/%! 4'-*-356' D50'*($2'3"(#7)%'5)#)'@#0-7"&'(7($2%&' "$*+'8+'
I*1$)&?' M(0)17$03S'&05(#6%' &")' 706%'0<'&")' 3$&?+' I2%&)(6' 0<'#)3072$%$27' &")' 706%'0<'&")'
%&(&):'")'5(%' (..)7)6' &0'"(A)'$2-3)6'2)5'6)$&$)%' &0'&")'3$&?+'V+'!0##-1&$27'&")'*$26'
0<' ?0-27'U&")2$(2%:' &")#)@?' &"#)(&)2$27' &")' %&(@$.$&?' 0<'%03$)&?' (26' 3"(..)27$27'@(%$3'
&#(6$&$02(.' (%%-*1&$02%+' I2'&")'50#6%'0<!4'-*-35' VNR]';J03#(&)%'$%'7-$.&?' 0<'30##-1&$27'
&")'*$26%'0<'&")' ?0-27:'(26'0<'@).$)A$27'$2'6)$&$)%' 0<'"$%'052'$2A)2&$02'$2%&)(6' 0<'&")'
706%'#)3072$^)6' @?' &")'J&(&)+;'J03#(&)%'%-@%)C-)2&.?' 6$)6'@?'6#$24$27' ('3-1'0<'10$%02'
" C D
# 836%&*:#E*&@(B# FA-6*&()<FB#34#8-0)*(#G@:3# H):>IB!*+%!,#-.$/01%! 2/'3/4)#$5! 46!7+/(484"+5# H$&90*3:J).#
$&90*@J)#K3L)*<3(M#N*)<<B#"CCOIB#PDC7OQB# &(#PDC>#" C O
# $># $>#R>#+&M1-*B# FA-6*&()<FB# 34#S-4:)*36%#+):#H):>IB! *+%!9&64$0! ,4-"#)/4)! 34!7+/(484"+5# HTUV-*:.#
TUV-*:#K43L)<3(M#N*)<<B#"CCOIB# WX!7XPB# &(#WX!>#" C !
# +&M1-*B# FA-6*&()<FB# WX!>#
!X#
(26'"$%' ;20@.)' 6)(&";' &-#2)6'"$*'$2&0'('4$26' 0<';*(#&?#;:'%0' &"(&' "$%' $2<.-)23)'@)3(*)'
)A)2'*0#)'.(%&$27'(26'5$6)%1#)(6' &"(2'5")2'")'5(%'(.$A)+'
J03#(&)%' 5(%' (.%0' &")' ")#0' 0<'_)201"02+'U.&"0-7"'"$%! 7%"-R*2#' 5(%' ;(%' *-3"' ('
50#4' 0<'(#&' (%' (2?' ,.(&02$3' 6$(.07-);:' "$%' A$)5'02'J03#(&)%'5(%' C-$&)' 6$<<)#)2&'<#0*'
&"(&' 0<',.(&0+' I2',.(&0/%' $6)(.$%*'J03#(&)%'5(%' (' 7#)(&' *(#&?#:' (26' <0#'_)201"02:' &")'
7#)(&' %(7)'5(%' 1#)=)*$2)2&.?' ('*0#(.' &)(3")#+8QO'R-&'<0#'@0&"'_)201"02' (26',.(&0:' &")'
6)(&"'0<'J03#(&)%'5(%'-260-@&)6.?' ;20@.);+'
`2' &")'20@.)'6)(&"' 0<'J03#(&)%:'_)201"02'1#($%)%'"$%'7.0#?'(26' 6$72$&?:' 5#$&$27]' ;"05'
30-.6' (2?' 02)' "(A)' 6$)6'*0#)' 20@.?' &"(2' aJ03#(&)%bc;' d-#&")#*0#):' _)201"02'<$26%'
J03#(&)%/' *)&"06' 0<'6)(&"' "020-#(@.):' "(11?' (26' *0%&' (33)1&(@.)' &0' &")' 706%! 97%"6!
N+9+>+'!<+'N+9+V:' 88\' 8+V+89:XVS+'
D")'(330-2&%'0<'J03#(&)%/' &#$(.' (26' $&%'(<&)#*(&"'5)#)'#)30#6)6' $2'&"#))'0<',.(&0/%'50#4%+'
D")!4'-*-35' 5(%'1#$*(#$.?'3023)#2)6' 5$&"'J03#(&)%/'6)<)23)'(&'"$%'&#$(.+! ,&2:-'1#0A$6)6'
J03#(&)%/' #)(%02%' <0#'20&' &(4$27' &")' 0110#&-2$&?' &0' )%3(1)' <#0*' 1#$%02' (26' ")(6' $2&0'
)B$.)+'D")' 6(?' @)<0#)' J03#(&)%/' &#$(.' 5(%' &")' <$#%&' 6(?' 0<' &")' (22-(.' K$%%$02'&0'e).0%'
5"$3"' "(6' &(4)2' %0' .027' &"(&' J03#(&)%'5(%' 4)1&' $2'1#$%02' <0#'('*02&"+'D")#)' 5(%' (2'
0110#&-2$&?'<0#'J03#(&)%'&0')%3(1)'(26' .)(A)' &")'30-2&#?+'D"0-7"'J03#(&)%/' <#$)26%'&#$)6'
"(#6' &0' 1)#%-(6)' "$*' &0' )%3(1):' ")' #)<-%)6' (26' )B1#)%%)6' "$%' %' 302A$3&$02'$2'
#)%102%)'&0'!#$&0'5")2'!#$&0'@)77)6' "$*'&0'60'%0]';D")'#)(..?'$*10#&(2&'&"$27'$%'20&'&0'
.$A):'@-&'&0' .$A)'5)..++++U26' &"(&' &0'.$A)'5)..'*)(2%'&")'%(*)'&"$27'(%' &0' .$A)'"020-#(@.?'
0#' #$7"&.?+;' 8 Q 9! ;<#%/-' 5(%' (' *0%&' <(%3$2(&$27' (26' *0A$27' %&0#?' 0<' &")' 7#)(&'
G>#2>#Y34:<&MB!:4'$#3%8! 2/8'4;$8%8! .5!7(#34! #)0!<%)4"+4)# HY-4:-4.#;>#Z>#2)4(#[#A-4<B# Y(:>B# "C"WIB#
3U7U3>#" C W
# N1&(-B!,$=#DWG7\>#
!D#
1"$.0%01")#/%' <$2(.' "0-#%+' I&' 302&($2)6' J03#(&)%/' @(%$3' 1"$.0%01"?' 0<' .$<):' (&&$&-6)'
&05(#6%'6)(&":'(26'@).$)<' $2' &")'$**0#&(.$&?'0<'&")'%0-.+'
=>=>">"#A-6*&()<F#&'-1-JM#&4:#<)4<)#-V#93<<3-4#
I2' #)%102%)'&0'('3"(#7)' 0<'$*1$)&?'&05(#6%'&")'706%'0<'&")'3$&?:'J03#(&)%'3.($*)6'&"(&'")'
"(6' 302%$%&)2&.?' @))2' (' <($&"<-.' %)#A(2&' &0' "$%' 706' (%' 5)..' (%' (' 6)6$3(&)6' (26' 3(#$27'
3$&$^)2' 0<'U&")2%+'I2'(2' $2%1$#(&$02(.'%1))3"'")'%(?%'&"(&'")'"(%' 602)' 20&"$27'@-&'%))4%'
&0'1)#%-(6)'(..'3$&$^)2%'&0'*(4)'&")$#'1#$*(#?'3023)#2'20&'&")$#'@06?'@-&'&")$#'%0-.+8QQ'I2'
3023.-%$02'J03#(&)%'%&(&)%'")'$%'#)(6?' ;&0'6$)'('"-26#)6'6)(&"%:;'5"$3"'7($2)6'"$*'7#)(&'
(6*$#(&$02' <#0*' &")' J&0$3' 1"$.0%01")#' J)2)3(:' 5"0' %.?' @).$)A)6' $2' (' &#-)'
1"$.0%01")#/%' 302%$%&)23?' 0<'50#6'(26'6))6! 9='6'VN+8WS+'I26))6:'<0#'f1$3&)&-%'6)(&"'5(%'
&")'@)%&'0110#&-2$&?'<0#'('&#-)'1"$.0%01")#' &0'%)&' (2')B(*1.)' .)(6$27'0&")#%' &0'&"$%'5(?'
0<' .$<)'M>+VP+8>S+'
D")%)'50#6%'0<'J03#(&)%')B1#)%%)6'&")' 1"$.0%01")#/%' %'%)2%)'0<'*$%%$02]';60)%'$&'
%))*'2(&-#(.'&"(&'I'%"0-.6'"(A)'2)7.)3&)6'*?'052'(<<($#%'(26')26-#)6' &")'"-*$.$(&$02'0<'
(..05$27'*?'<(*$.?'&0'@)'2)7.)3&)6' <0#'(..'&")%)'?)(#%+++70$27' .$4)' ('<(&")#'0#'(2').6)#'
@#0&")#' &0' %))' )(3"' 02)' 0<' ?0-' 1#$A(&).?:' (26' -#7$27' ?0-' &0' %)&' ?0-#' &"0-7"&%' 02'
70062)%%c;VPP'J03#(&)%'5(%'302A$23)6'&"(&'"$%'&#$(.'5(%'(@%0.-&).?'-2<($#]' ; I' (*'5$..$27'
&0' 6$)' &)2' &$*)%' 0A)#' $ <'&"$%' (330-2&' $%' &#-)+++`&")#' ")#0)%'0<' &")' 0.6'6(?%' a(.%0b'*)&'
&")$#'6)(&"' &"#0-7"'(2'-2<($#'&#$(. +; V P 8'
N1&(-B!7+#%0=# XQG>#
N1&(-B!7+#%0=# XQ\7X"G>#
N1&(-B!7+#%0=# D=G>#
!O#
=>=>">=#/-01)#:)&(%#
I2' &")'G#)30=F0*(2' &#(6$&$02:' &")' 3026)*2)6' J03#(&)%' $2',.(&0/%! ;<#%/-' 5(%'3.)(#.?'
1)#3)$A)6'(%'02)'5"0'5).30*)6'(';20@.)'6)(&";' MXNUS+'J03#(&)%/' (..)7)6';6)(&"'5$%";'
5(%' -260-@&)6.?'70A)#2)6'@?'"$%' 0A)#(..' A$)5' 02' &")' "-*(2'@06?'(%' ('1#$%02'0<'&")'
%0-.'(26'"$%'@).$)<' $2'&")' $**0#&(.$&?'0<'&")'%0-.'$2'#).(&$02' &0'&")'C-)%&' <0#'&#-&"'MXXR\'
3<+' XNfS+' ,(-.' G003"' "(%' 6)%3#$@)6' J03#(&)%/' (&&$&-6)' &05(#6%' &")' 1"?%$3(.' @06?' (%'
;%0*(&$3' $26$<<)#)23);+VPV'J03#(&)%'5(%' &"0-7"&'&0'@)' %-3"'('*(%&)#' 0A)#'"$%'052'@06?'
&"#0-7"' %).<=302�.:'#)(%02' (26'%0*(&$3' $26$<<)#)23)'&"(&' &")'")*.034'10$%02'5(%'20&'
(@.)' &0'"(A)' $&%'20#*(.'&0#&-#0-%')<<)3&'02'"$*+' J03#(&)%/' .)7)26(#?' 30*10%-#)' "(%'
20&' 02.?' 302&#$@-&)6' *-3"' &0' &")' (..)7)6.?' ;20@.);' 3"(#(3&)#' 0<' "$%' 6)(&":' $&' $%'
%0*)&$*)%'-%)6'&0'30*1(#)'"$%'6)(&"'<(A0-#(@.?'5$&"'&"(&'0<'H)%-%+'
`<' 30-#%):' 02)' %"0-.6' 20&' <0#7)&' &"(&' ,.(&0/%! ;<#%/-' 5(%' 6)%$72)6' (%' (' 4$26' 0<'
;)?)5$&2)%%;'(330-2&'(%'G003"'"(%' #$7"&.?'20&)6]';,.(&0'%&#-3&-#)%'&")'(330-2&'&0')A04)'
(6*$#(&$02' <#0*' &")' %&(#&+! ;<#%/-' &(4)%' &")' #0.)' 0<')?)5$&2)%%:' (26' #)10#&%' "$%'052'
-2-%-(.')B1)#$)23)]' ")' <).&'20'%0##05'@)3(-%)'J03#(&)%'*)&'"$%'6)(&"' %0'<)(#.)%%.?'(26'
20@.?' MW9fS+'D")'6$(.07-)'3.0%)%' 5$&"' &")'<(*0-%'.$2)%'(@0-&'&")')26'0<'0-#'<#$)26:'&")'
@)%&'(26'5$%)%&'(26'*0%&'E-%&'*(2'0<'"$%'&$*)+'U26'$&'$%'20&'02.?'&")'*0#)'&"(2'('60^)2'
0<'J03#(&)%/' 30*1(2$02%'1#)%)2&' 5"0'(#)'*0A)6'@?'&")%)'<$2(.'*0*)2&%]'#)*)*@)#'&")'
E($.)#:' 5"0'3(2'302&($2'2)$&")#' "$%'1#($%)' 20#'"$%' &)(#%'(%' ")'3(..%'J03#(&)%' &")'20@.)%&'
(26'@)%&'(26'7)2&.)%&'0<'*)2+;VP N'
N&@1#R>#5--6%B!>%6(%'3/4)8! 4)!?%8;8! #)0!:4'$#3%8@! A4$0! #)0!:/(%)'%# H/),#S&L)4#&4:#Y-4:-4.#]&1)#
K43L)*<3(M#N*)<<B#"CC!IB# "CD7O>#= Q X
# 5--6%B!>%6(%'3/4)8B# "C!7P>#= Q D
# 5--6%B!>%6(%'3/4)8B# =D!>#
!!#
,"()60/%'(330-2&' 6$6'20&' %))*'&0'"(A)'@))2' %)#$0-%.?' C-)%&$02)6' $2'&")' G#)30=F0*(2'
50#.6+' f1$3&)&-%' 7#)(&.?' (6*$#)6' J03#(&)%/' #)%0.-&)' 6)3$%$02' &0'1#)<)#' ('20@.)' 6)(&"'&0'
.$A$27'02'6$%"020-#(@.?]' ;")'%(A)%'"$*%).<'@?'6?$27:'20&'@?'<.$7"&;'MN+8+8XWS+'f1$3&)&-%/'
(6*$#(&$02' 0<'J03#(&)%' (%' ('1(#(6$7*' 5(%' %-<<$3$)2&.?'5)..' %&(&)6' $2'f1$3&)&-%' N+8+8WQ=
XQ' 5")#)' J03#(&)%/' "020-#:' 0@)6$)23):' #)A)#)23)' (26' 30-#(7)' 5)#)' 1(#&$3-.(#.?'
"$7".$7"&)6+'
G003"' $%'#$7"&]';,.(&0'*(4)%'3)#&($2' &"(&'5)'4205'(&' &")'@)7$22$27'0<'&")' 6$(.07-)' &"(&'
<0#' J03#(&)%' 1"$.0%01"?' $&%).<' $%' (' 4$26' 0<' 6?$27+' T$%' )2&$#)' 5(?' 0<' .$<)' "(%' @))2'
1#)1(#(&$02' <0#'&"$%' <$2(.' 6(?++++I<' 1"$.0%01"?' %))4%'&")'5$%60*'(26' &#-&"'&"(&' $%' &0'@)'
<0-26' $2'%0-.:'20&' @06?:' &")2' &")' <$2(.' %)1(#(&$02' 0<'%0-.' <#0*'@06?'*(?' @)' 5).30*)6'
(%' &")' <$&&$27'3-.*$2(&$02'0<'&")'1"$.0%01"$3(.'C-)%&+;VPW'
I2' &")' 6$%3-%%$02' (@0-&' J03#(&)%/' ;6)(&"' 5$%";' (26' ;20@.)' 6)(&";' 02)' %$*1.)' @-&'
#).(&$A).?' %$72$<$3(2&' <(3&0#' $%' 0<&)2' 0A)#.004)6:' &"(&' $%:' "$%' (6A(23)6' (7)' 5")2'
302<#02&)6'5$&"' &")'1#0%1)3&'0<'6)(&"+VPX' U%'G003"' "(%' #$7"&.?'10$2&)6'0-&:' ;,.(&0'60)%'
20&' #)*(#4' 02' J03#(&)%/' (7)' $2' &")! ;<#%/-1' @-&'@)3(-%)'J03#(&)%'"$*%).<'#)<)#%' &0'"$%'
@)$27' (6A(23)6' $2' ?)(#%' (26' 2)(#' 2(&-#(.' 6)(&"' $2' "$%' e)<)2%)! 94'-*-35' >9!S:' &")'
4205.)67)' &"(&' J03#(&)%' "(%' )2E0?)6' (' .027'(26' <-.<$..)6' .$<)'1.(?%' (' %$.)2&' 1(#&' $2'0-#'
)%&$*(&$02' 0<' "$%' 6)(&"+' K0#)0A)#:' &")! ;<#%/-' 1#)%)2&%' &"$%' (%' (' 1($2.)%%' )26]' &")'
(702$)%'0<'")*.034' 10$%02$27'60'20&'3.0-6'J03#(&)%/'1#)%)23)'0<'*$26'0#'6$%&(23)'"$*'
<#0*'"$%' 6?$27+;V P O'I2'A$)5'0<'5"(&'G003"' "(%' E-%&' %($6:' 02)' *(?' @)' 1)#*$&&)6' &0' (%4'
&"$%' C-)%&$02]' T(6'J03#(&)%'@))2'*-3"' ?0-27)#:' %(?' (@0-&' &")' (7)' 0<'H)%-%:'50-.6'")'
"(A)'#)%1026)6' A)#?' 6$<<)#)2&.?'$2'&"0%)' <$2(.'*0*)2&%' 0<'"$%' .$<)'E0-#2)?c' U26'$<'%0:'
50-.6'"$%'6)(&"'@)'#)7(#6)6' (%'.)%%';20@.);c'
= Q O
# 5--6%B!>%6(%'3/4)8B# =DP>#= Q !
# A))#^)4-'%-4B!C%-=#D>W>">#= Q P
# 5--6%B!>%6(%'3/4)8B# =DP>#
!P#
=>=>">X#23L34)#<3J4#
R0&"' ,.(&0/%! =.:<5'<&-' (26' _)201"02/%! 7%"-R*2#' *)2&$02)6' J03#(&)%/' @).$)<' $2'
%0*)' 4$26' 0<' 6$A$2)' ;%$72;' 0#' ;A0$3);' <0#' 7-$6(23)' (26' &"-%' (#0-%)6' "$%' 3#$&$3%/'
%-%1$3$02' 0<' &")' %0-262)%%' 0<' "$%' *$26' (26' &)(3"$27+' J03#(&)%' (.%0' &(.4)6' (@0-&' ('
;6#)(*;' $2!;<#%/-' XIR]' ;I2'&")' 30-#%)' 0<'*?' .$<)' I'"(A)' 0<&)2'"(6' &")' %(*)'6#)(*:'
(11)(#$27' $2' 6$<<)#)2&' <0#*%' (&' 6$<<)#)2&' &$*)%:' @-&' (.5(?%' %(?$27' &")' %(*)' &"$27]'
/J03#(&)%:' 1#(3&$%)' (26'3-.&$A(&)'&")'(#&%/++++I'*)(2&' &"(&'&")'6#)(*+++5(%' -#7$27'*)'02'
&0' 60'5"(&' I'5(%' 60$27' (.#)(6?:' &"(&' $%:'1#(3&$%$27'&")' (#&%\'@)3(-%)'1"$.0%01"?'$%' &")'
7#)(&)%&' 0<'&")'(#&%:'(26'I'5(%'1#(3&$%$27' $ & + + + + ;'
,.(&0' C-(.$<$)6' J03#(&)%/' ;6)(&"' 5$%";' 5$&"' #)<)#)23)' &0' &")' 6$A$2)' ;2)3)%%$&?;]' ;&")2'
1)#"(1%' <#0*' &"$%'10$2&' 0<'A$)5' $&'$%'20&'-2#)(%02(@.)' &0'%(?' &"(&' ('*(2'*-%&'20&' 4$..'
"$*%).<' -2&$.' 706' %)26%' %0*)' 2)3)%%$&?' -102' "$*# H3+'3L! #>! #D#5E$?>' DLg`!' h)03\'
)$-3+)ZE:iHj2S:'%-3"'(%'"(%'205'30*)'-102'*);!@;<#%/6'XV!S+'
!$3)#0'3.)(#.?'@).$)A)6'&"(&'5")2'('6$A$2)' %$72'5(%' 7$A)2:' 02)' %"0-.6'5).30*)'6)(&"'
0@)6$)2&.?'(26'E0?<-..?'(%'J03#(&)%'(26'!(&0'"(6'602)]'
!(&0'6)1(#&)6' <#0*'.$<)'5$&"' ('<)).$27'0<' E0?' $2'"(A$27'<0-26'('#)(%02' <0#'6)(&"\'
<0#' &")'G06'5"0'$%'*(%&)#' 5$&"$2' -%' <0#@$6%'0-#'6)1(#&-#)' 5$&"0-&'1)#*$%%$02+'
k")2:' "05)A)#:'G06'"$*%).<' "(%' 7$A)2' ('A(.$6' #)(%02:' (%' ")'6$6'$2'&")'1(%&'&0'
J03#(&)%'(26'$2'0-#'6(?'&0'!(&0'(26'&0'*(2?'0&")#%:'&")2'5$&"'3)#&($2&?'?0-#'&#-)'
5$%)'*(2'5$..'E0?<-..?'70'<0#&"'<#0*'&")'6(#42)%%' ")#)' $2&0'&")' .$7"&'@)?026++'+")'
5$..' 70' <0#&"' (&' &")' %-**02%' (26' #).)(%)' 0<'G06+'d0#' &")' 5"0.)' .$<)' 0<' &")'
1"$.0%01")#:'(%'&")'%(*)'5$%)'*(2'%(?%:'$%'('1#)1(#(&$02'<0#'6)(&"+'
!(&0' 5(%' @).$)A)6' &0' "(A)' 30**$&&)6'%-$3$6)' (<&)#' #)(6$27! ;<#%/-1ABC' L-3$.$-%' 5(%'
%$*$.(#.?' %)&' <#))'<#0*'&")'<)(#'0<'6)(&"+V8P' J)2)3('.$24)6'!(&0/%' 30-#(7)' $2'&")'<(3)'0<'
6)(&"' &0'"$%'6)%$#)' <0#'&#-)'<#))60*!9;&->6' V+Q=8PS+',.-&(#3"'0@A$0-%.?'&"0-7"&'&"(&'&")'
= Q W
# $36)*-B!*;8'=# ">PD_#">""W>#$V>! F/)=# X>!Q_!>%"=# !>"O7"!_!966=# ">""=>#= Q C
# A)4)6&B!G"=# =D>!7P>#= " Q
# A)4)6&B!G"=# =D>"=7=">#
!W#
6)(&"'0<'!(&0'5(%' $2%1$#)6'@?'&")')B(*1.)'0<'J03#(&)%+V88'f1$3&)&-%' <$#*.?'@).$)A)6'&"(&'
02)' %"0-.6' (33)1&' 6)(&"' 5$..$27.?' 5")2' (' ;%$72(.' &0' #)&#)(&;' 5(%' 7$A)2' @?' G06:' (%'
J03#(&)%'"(6'602)'M8+VQ+VQS+'
=>=>">D#+%)#0-:M#&<#0-4:&J)#-V#(%)#<-@1#&4:#:)&(%#&<#3(<#130)*&(3-4#
J03#(&)%'302%$%&)2&.?'").6'&"(&'&")'@06?'5(%'&")'%0-./%'1#$%02]';$%'20&'5"(&'5)'3(..'6)(&"'
(' <#))$27'(26' %)1(#(&$02' 0<' %0-.' <#0*' @06?c' !)#&($2.?:' %($6' J03#(&)%+' J-3"' 5(%' &")'
6)%$#)' 0<'('&#-)'1"$.0%01")#]' U26'&")' 6)%$#)' &0' <#))'&")' %0-.' $%' <0-26'3"$)<.?:'0#' #(&")#'
02.?:' $2'&")' &#-)'1"$.0%01")#\' $2'<(3&'&")'1"$.0%01")#/%' 033-1(&$02' 302%$%&%' 1#)3$%).?'$2'
V8V'
&")'<#))$27'(26'%)1(#(&$02' 0<'%0-.'<#0*'@06?+'I%2/&'&"(&' %0c;'
J03#(&)%'(6A03(&)6' &"(&'&")#)'5(%'02)'5(?'$2'5"$3"';('*(2'3(2'@)'<#))'<#0*'(..'(2B$)&?'
(@0-&' &")' <(&)' 0<' "$%' %0-.\' $ <' $2' .$<)' ")' "(%' (@(2602)6' @06$.?' 1.)(%-#)%' (26'
(60#2*)2&%+++5$&"' %).<=302�.:'(26' 70062)%%:' (26' 30-#(7):' (26' .$@)#(.$&?:' (26' &#-&"' =
V8>'
"(%' <$&&)6'"$*%).<' &0'(5($&'"$%'E0-#2)?'&0'&")'2)B&'50#.6+;'
I&' $%' 3.)(#' &"(&' 1"$.0%01"$3(..?'0#' #).$7$0-%.?:'&")' J03#(&$3' (&&$&-6)' &05(#6' 6)(&"' 5(%'
)A$6)2&.?'@(%)6'02'&")'G#))4'@).$)<' $2' &")'$**0#&(.$&?'0<'&")'%0-.'(%'5)..' (%' $&%'(@$.$&?'&0'
<$26'&#-)'5$%60*';$2' &")'0&")#' 50#.6+; V 8 N'
J)2)3(' &"0-7"&' &"(&' 02)' 30-.6' (33)1&' 6)(&"' 5$&"' 6)&)#*$2(&$02:' 1#)%-*(@.?' )A)2'
&"#0-7"'%-$3$6):'(%' .027'(%';&")'5(?'&0'<#))60*;'<#0*'%.(A)#?'5(%'01)2)6+'T$%'&"$24$27'
5(%' &"-%' A)#?'*-3"'$2'.$2)' 5$&"' &"(&' 0<'J03#(&)%:'$2'#)7(#6$27'6)(&"' (%' &")'1(&"' &0'&#-)'
= " "
# N1@(&*6%B! ,#3=!C/)=# !P7W>#= " =
# N1&(-B!7+#%0=# !P$72_#6V>#!!`>#= " X
# N1&(-B!7+#%0=# ""OG>#= " D
# N1&(-B!7+#%0=# !P`#7!W\>#$V># W=$>#
!C#
<#))60*:'(.&"0-7"'J03#(&)%'5(%' (11(#)2&.?' 20&' %0' #)(6?' &0' 30**$&'%-$3$6)' (%'J)2)3('
6$6! 9;&->6' X+O\!D&#' 8+88VS+'
d0#'f1$3&)&-%'6)(&"'5(%' ('%0#&'0<';"(#@0-#;'0#';#)<-7);]';U26'&"$%'$%'&")'"(#@0-#'0<'(..'
*)2:')A)2' 6)(&":' (26' &"$%' &")$#'#)<-7)+'D"(&' $%'5"?'202)'0<'&")' &"$27%'&"(&'@)<(..'-%'$2'
0-#' .$<)' $%' 6$<<$3-.&+'k")2)A)#' ?0-'5$%":' ?0-'5(.4' 0-&'0<'&")'"0-%)'(26' (#)' 20' .027)#'
@0&")#)6'@?'&")'%*04);'MN]8P+VO\'>+VN+QX=8PVS+'
=>=>">O#a)&*1)<<#&4:#4-01)#0)V-*)#:)&(%#
I2' 3.(%%$3(.' G#)30=F0*(2' &#(6$&$02' 1)#"(1%' 20' &#-)' 30-#(7)' 30-.6' "(A)' @))2' @)&&)#'
&?1$<$)6' &"(2' &")' %)#)2$&?' 5$&"' 5"$3"' J03#(&)%' <(3)6'6)(&"+' J03#(&)%'5(%' 302%$%&)2&.?'
(26' )*1"(&$3(..?' 10#&#(?)6' (%' @)$27' <)(#.)%%' @)<0#)' 6)(&"+' I2' ,.(&0/%! ;<#%/-' W9f:'
,"()60'%($6:';%$23)' ")' %))*)6'&0'*)'&0'@)'"(11?:'@0&"'$2'"$%'@)(#$27' a*(22)#b'(26'$2'
"$%'50#6%:'")'5(%'*))&$27'6)(&"'%0'<)(#.)%%.?'(26'20@.?'M69)30[\' l`!L' ?)50-0B\S+;'
I2! ;<#%/-' XNU:'J03#(&)%' %($6' &"(&' ('&#-)' 1"$.0%01")#' %"0-.6'5).30*)'6)(&"]' ;('*(2'
5"0' "(%' #)(..?'6)A0&)6' "$%' .$<)' &0'1"$.0%01"?'%"0-.6'@)' 3"))#<-.'$2'&")' <(3)'0<'6)(&":'
(26' 302<$6)2&' 0<' <$26$27' &")' 7#)(&)%&' @.)%%$27' $2' &")' 2)B&' 50#.6' 5")2' "$%' .$<)' $%'
<$2$%")6+;'J03#(&)%'(.%0'.$4)2)6'"$*%).<' &0'('%0.6$)#'5"0'&004'&")'0#6)#'(@%0.-&).?+V8W'
I2' (2'(&&)*1&'&0'30*<0#&'"$%'<0..05)#%:'J03#(&)%'%($6:';@-&'?0-'(.%0:'E-67)%:'*-%&'#)7(#6'
6)(&"' "01)<-..?'(26'*-%&'@)(#'$2'*$26' &"$%'02)' &#-&":' &"(&'20' )A$.' 3(2'30*)' &0'('7006'
*(2')$&")#' $2'.$<)'0#'(<&)#'6)(&":' (26'G06'60)%'20&'2)7.)3&' "$*+'J0:'&00:'&"$%'5"$3"' "(%'
30*)'&0'*)'"(%' 20&'30*)'@?'3"(23)# H&@+TH3:6+-@IB' @-&'I'%))' 1.($2.?' &"(&' $&'5(%'@)&&)#'<0#'
= B O
# N1&(-B!H"4(=# =W27=CG>#
PQ#
*)' &0' 6$)' 205' (26' @)' <#))6' <#0*' �-@.)%+' D"(&' $%' &")' #)(%02'5"?'&")' %$72' M0#2$).0AS'
2)A)#' $2&)#<)#)6'5$&"' *):' (26' I'(*'20&' (&' (..'(27#?' 5$&"' &"0%)'5"0'3026)*2)6' *)'0#'
5$&"'*?'(33-%)#%;!94'-*6' NIeS+'
`23)' &")' 1"$.0%01")#' 5(%' 302A$23)6' 0<' &")' 6$A$2)' 5$..' ")' ;3"))#<-..?'(26' C-$)&.?;'
(33)1&)6'"$%'<(&):'(26'0<<)#)6'('<$2(.'1#(?)#]' ;")' &004'$&'a&")'3-1b:'(26'A)#?'7)2&.?! 9?2/*#6!
3U)30`=++5$&"0-&' &#)*@.$27' 0#' 3"(27$27' 30.0-#' 0#' )B1#)%%$02%' M0-J)<' $1)3(3\' 0-J)'
9$(HHIQ!Y'&6_' 0$4)' D`m! E'.F?2#(-G' 0-&)' D`m# ++'--6-3*-@I' @-&' .004$27' -1' (&' &")' *(2' 5$&"'
5$6)'01)2' )?)%:' (%' 5(%' "$%' 3-%&0*:' %($6]' /5"(&' 60'?0-'%(?' (@0-&' 10-#$27'(' .$@(&$02' &0'
%0*)'6)$&?'<#0*'&"$%'3-1c'K(?' I :' 0#'20&c/' /J03#(&)%:/' %($6'"):' /5)'1#)1(#)'02.?'(%'*-3"'
(%'5)' &"$24' $%')20-7"+/' / I'-26)#%&(26:/' %($6'J03#(&)%\' /@-&' I'*(?' (26'*-%&' 1#(?' &0' &")'
706%'&"(&'*?'6)1(#&-#)' ")23)'@)' ('<0#&-2(&)'02)\' %0' I'0<<)#'&"$%'1#(?)#:' (26'*(?' $&'@)'
7#(2&)6/+' k$&"' &")%)'50#6%:'")'#($%)6' &")'3-1'&0'"$%'.$1%'(26'A)#?'3"))#<-..?'(26'C-$)&.?'
6#($2)6' $&! 9?2:(H#' )-B)130C' l[_n' )$40_303\' )$E)$-)AS:' C-$&)' 3(.*.?' (26' 5$&"' 20' %$72' 0<'
6$%&(%&):'")'6#($2)6'&")'3-1'$2'02)' @#)(&"+;'
=>=>">!#a34&1#L)*:36(#
D"$%' 5(%' "05' ,"()60' 3023.-6)6' "$%' %&0#?' (@0-&' &")' 6)(&"' 0<' J03#(&)%:' 5$&"' &")'
)*1"(%$%' 02' "$%' 30-#(7):' 5$%60*'(26' -1#$7"&2)%%]' ;J-3"' 5(%' &")' )26:' f3")3#(&)%:'0<'
0-#'<#$)26:'5"0'5(%:'(%'5)'*(?'%(?:' 0<'(..'&"0%)'0<'"$%'&$*)'5"0*'5)'"(A)'42052:'&")'
@)%&# H:'3-(-@B' ;20@.)%&' 0#' @#(A)%&;S' (26' 5$%)%&' M(UU-3\# 6%'-L3336-+&(-3II' (26' *0%&'
#$7"&)0-%'*(2' MWLl`!L`D!_D`ISS;! 9;<#%/6' 889S+'
!
# N1&(-B!7+#%0=# ""P\7$>#
P"#
=>=>">P#Z-*)#-4#b4-01)#:)&(%b#34#(%)#A-6*&(36#(*&:3(3-4#
`&")#' (23$)2&' %0-#3)%' @)%$6)%' &")' 5#$&$27%' 0<' ,.(&0' 3.)(#.?' %"05' &")' (@$6$27' (26'
5$6)%1#)(6' $2<.-)23)' 0<' J03#(&)%/' (..)7)6' ;20@.)' 6)(&";+' U#$%&0&.):' <0..05$27' &"$%'
J03#(&$3' &#(6$&$02:' (.%0' "$7".?' #)7(#6)6' &")' %(3#$<$3)'0<'1"$.0%01")#%' <0#'<#$)26%'0#'<0#'
0&")#'50#&"?'3(-%)%'(%';20@.)'6)(&";]'
R-&' $&'$%'(.%0'&#-)'&"(&'&")'A$#&-0-%'*(2/%'3026-3&'$%'0<&)2'7-$6)6'@?'&")' $2&)#)%&%'
0<' "$%'<#$)26%'(26'0<'"$%'30-2&#?:'(26'&"(&'")' 5$..' $ <'2)3)%%(#?'.(?'6052'"$%' .$<)'
$2' &")$#'@)"(.<+'d0#' ")' 5$..' %-##)26)#' 5)(.&"'(26'105)#' (26' (..'&")' 7006%' &"(&'
*)2' %&#-77.)'&0'5$2:' $ <'")'3(2'%)3-#)'20@$.$&?' <0#'"$*%).<\'%$23)'")'50-.6'1#)<)#'
(2' "0-#' 0<'#(1&-#)' &0' (' .027' 1)#$06'0<'*$.6' )2E0?*)2&:'('?)(#' 0<'20@.)' .$<)' &0'
*(2?'?)(#%'0<'0#6$2(#?')B$%&)23):' 02)'7#)(&' (26'7.0#$0-%')B1.0$&' &0'*(2?'%*(..'
%-33)%%)%+V8O'
D"$%' A$)5' 5(%' (.%0' %"(#)6' @?'e$07)2)%' L()#&$-%]' ;&)..' -%' &"(&' &")' 5$%)'*(2' 5$..' <0#'
#)(%02(@.)'30-#%)'*(4)'"$%'052')B$&' <#0*'.$<):'02'"$%'30-2&#?/%'@)"(.<'0#'<0#'&")'%(4)'0<'
"$%' <#$)26%:'0#' $ <'")' %-<<)#%'$2&0.)#(@.)'1($2:'*-&$.(&$02:' 0#' $23-#(@.)'6$%)(%);' MO+8>P\'
,"$.0%&#(&-%:! I2:6!4'-**F6' f1$3&)&-%' "(6' A)#?' "$7"' #)7(#6' <0#'e$07)2)%' MN+8+8WV=WWS+'
J)2)3('.$%&)6' ('2-*@)#'0<')B)*1.(#%' 5"0'6$)6'<0#'0&")#%! 9;&->6' >+NS+'D")'*)&(1"0#'0<'
;%(3#$<$3);'5(%' %0*)&$*)%' -%)6' &0'6)%3#$@)' &")'6)(&"' 0<'20@.)'1)#%02%:' %-3"' (%' &"(&'0<'
J03#(&)%'(26'e)*02(B:'&")'.(&&)#'@)$27'(2')2(3&*)2&' 0<'&")'<0#*)#+V8 9'
T$%&0#$3(..?:' J03#(&)%/' ;20@.)' 6)(&";' (.%0' @)3(*)' (2' $2%1$#(&$02'(26' 302%0.(&$02'<0#'
%)A)#(.' $..-%&#$0-%'F0*(2%'5"0')26)6' &")$#'052'.$A)%'(<&)#'&")?'"(6'<(..)2'$2&0'6$%7#(3)+'
J-3"'5(%' &")' 01$2$02' 0<'&")'F0*(2'"$%&0#$(2'D(3$&-%'5$&"' #)<)#)23)' &0'&")' %-$3$6)%'0<'
J)2)3('(26'D"#(%)(' ,()&-%+V8Q'R(#&02/%' 30**)2&%' 02'"020-#' (%' $&'#).(&)%' &0'6)(&"' (#)'
1(#&$3-.(#.?' $2%$7"&<-.+'J")' 5#$&)%'&"(&'F0*(2! >2&:.01' 5"$3"' $%'#).(&)6' &0'&")' (77#)%%$A)'
(26' %).<=(77#(26$^$27' 2(&-#)' 0<' (' 5(##$0#:' 5(%' 302�..)6' (26' @(.(23)6' @?' (' %).<=
= " P
# G*3<(-(1)B!G3+=! )/'=# ""!C&>#= " W
# +&63(@<B#G44># "O>!=7D># Y@63&4B!2%-=# ">"">#= " C
# ;&4# R311)9# L&4#S)4()4# &4:#a*3):*36%# GL)9&*3)B! C#$35$04-! #)0! I4.(%! 0%#3+@! :%(%'3%0! 3%&38! 6$4-!
J$#%'4K>4-#)B! ?%L/8+! #)0!,+$/83/#)! H)3/M;/35# HY-4:-4.#8-@(1):J)B#=QQ=IB# X7"D>#
P=#
%(3#$<$3$(.'(%1)3&+'K0#)'&0'&")'10$2&:'&")#)'5(%'"020-#'$2'6)(&"'20&'(%' ('5(%&$27'0<'.$<):'
@-&'#(&")#'(2'(3&'0<'%"(1$27'.$<):'0#'(%'R(#&02')B1#)%%)%'$&]' ;&0'5$..' 6)(&"'5(%'20&'&0'6)2?'
VVP'
.$<)'@-&'&0'3(#A)'$&%'302&0-#+;'
H(2' T)2&)2'*(4)%' (' %$72$<$3(2&'30*1(#$%02'@)&5))2' G#))4%/' (26'F0*(2%/' #)%1)3&$A)'
(&&$&-6)'&05(#6'6)(&"+'k"$.)'&")';6)(&"'5$%";'0<'&")'G#))4%'5(%'0<&)2'70A)#2)6'@?'&")$#'
2)7(&$A)' A$)5' 02' &")' "-*(2' @06?' (%' (' 4$26' 0<' ;1#$%02;' (26' &")$#' @).$)<' $2' &")'
$**0#&(.$&?' 0<' &")' %0-.:' &")' F0*(2%' "(6' &")$#' 052' A$)5%' (@0-&' 20@.)' 6)(&"+' D")?'
#)7(#6)6'$&'(%'('4$26'0<'%).<=%(3#$<$3)'%-3"'(%'@?'&"0%)'5"0'5)#)'02'*$.$&(#?'6-&?'0#'(%'('
6)6$3(&$02'&0'&")'6)$&$)%:'5$&"' &")'"01)'&"(&'&")'(3&'50-.6'-.&$*(&).?'@#$27'(@0-&'A$3&0#?+'
U' 3)#&($2'$6)('0<';(&02)*)2&;'0#';%-@%&$&-&$02;'%))*%'&0'@)'(%%03$(&)6' 5$&"' &"$%'4$26'0<'
%).<=%(3#$<$3)+VV8'
L(&$2' %0-#3)%'#)<)##)6'&0'('%1)3$(.' <0#*'0<'%).<=%(3#$<$3)'(%' 6-&?:'3(..)6!/%>-:2-' %-3"'(%'
&")' ;6)6$3(&$02;'@?'*$.$&(#?' 1)#%02%' 0<'&")*%).A)%:' &")' )2)*?/%' (#*?:'0#'@0&":'&0'&")'
706%'0<'&")'-26)#50#.6'0#'0&")#'6)$&$)%+'D"$%'3)#)*02$(.'6)(&"'5(%'(11(#)2&.?'#)7(#6)6'
(%' &")' -.&$*(&)'*)(2%' &0' @#$27' (@0-&' A$3&0#?+V V V' T)2&)2' "(%' <0-26' &"(&' &")' (23$)2&'
G#))4%' "(6'1.(3)6' %)A)#(.' 4$26%'0<';7.0#$0-%'6)(&";' $2'02)' 3(&)70#?' 0<! 82#2-:<#$#02#!
M;A$0.)2&'6)(&";S'5"$3"' $23.-6)6'6)(&"'02'&")'@(&&.)<$).6:')B)3-&$02:'(%'5)..' (%'6$<<)#)2&'
<0#*%'0<'%).<=%(3#$<$3)'(26'%-$3$6)+'e)%3#$1&$02%'0<'&")%)'6)(&"%'5)#)'<0-26'$2'6$<<)#)2&'
7)2#)%' (26' .$&)#(#?' <0#*%:' $23.-6$27' ).)7$)%:' &#(7)6$)%:' (10.07$)%:' <-2)#(.'0#(&$02%:'
"$%&0#$)%:' @$07#(1"$3(.'2(##(&$A)%! 9:%*%.:%1! %(2:.0! 2**.0:&2."! >2&-&."F1' 6$(&#$@)%:' .)&&)#%'
(26'%0=3(..)6';(3&%;'0<'1(7(2'*(#&?#%+VV>'F)(6$2)%%'&0'(33)1&' A$0.)2&'6)(&"'#(&")#'&"(2'&0'
30*1#0*$%)' 02)/%' 302A$3&$02' (26' &")'1#0<0-26'6)%$#)' &0' %(3#$<$3)'<0#'0&")#%' 5)#)'(..'
= = Q
# \&*(-4B!>4-#)! N4)4;$B# D"7X>#= = "
# $V>#`'36()(@<#">C>"!B#==7!_#=>">"P_#D>"Q>=P_#23-#$&<<3@<#OC>W>X_#!X>"X>"Q7O>#S)4()4B!C#$35$04-B# "C7=">#= = =
# $V>#Y3LM#W>C>D7C_# W>"Q>""7D>_# W>!>"X>#S)4()4B!C#$35$04-B# "C>#= = X
# S)4()4B!C#$35$04-B! O=!
PX#
%&#)%%)6'$2'1(7(2'(%' 5)..' (%' $2'H)5$%"' (26'!"#$%&$(2'5#$&$27%+' T05)A)#:'T)2&)2/%'
%&-6?'(.%0'#)A)(.%'&"(&'-2.$4)'!"#$%&$(2'(26'H)5$%"'*(#&?#%:'5$..$272)%%'&0'%(3#$<$3)'&")$#'
.$<)'<0#'#).$7$0-%'*0&$A)%'5(%'#(#)'(*027'1(7(2%+'
I2' A$)5'0<' &")' (@$6$27' (26' 5$6)%1#)(6' $2<.-)23)'0<' &")' J03#(&$3' &#(6$&$02'02' ;20@.)'
6)(&";' $2'&")'G#)30=F0*(2' %03$)&?:'$&'$%'%$72$<$3(2&'&0'#)<)#'&0'&")'<0-#&"'3)2&-#?'3"-#3"'
<(&")#' H0"2' !"#?%0%&0*/%' 302&)2&$02' &"(&' &")' !"#$%&$(2' *(#&?#%' 5)#)' <(#' %-1)#$0#' &0'
J03#(&)%+'d$#%&.?:'!"#?%0%&0*'3.($*)6'&0'@)'(@.)' &0'.$%&';&)2'&"0-%(26;'!"#$%&$(2'*(#&?#%'
<0#' )A)#?' J03#(&)%+' J)3026.?:' !"#?%0%&0*' (#7-)6' &"(&' J03#(&)%' "(6' 20' 3"0$3)' @-&' &0'
(33)1&' 6)(&":' 5")#)(%' &")' !"#$%&$(2'*(#&?#%' 5)2&' &0' &")$#' 6)(&"%! J2**2$3*56AAK' D"$#6.?:'
-2.$4)' H)%-%' (26' *(2?' 0<' "$%' <0..05)#%:'J03#(&)%' 5(%' 0<' 0.6' (7)' 5")2' ")' 5(%'
302<#02&)6'5$&"' 6)(&"]' ;d0#' 20&' (7($2%&' &")$#' 5$..' 6$6'&")' *(#&?#%' )26-#):' @-&' 0<'&")$#'
5$. . :' (26'@)$27' <#))'20&' &0' %-<<)#++++D"$%'?0-'%))' $%'20'7#)(&' 5026)#]' &"(&' ")' aJ03#(&)%b'
5"0*' I'5(%' *)2&$02$27'6#(24' ")*.034\' $&'@)$27' 20' .027)#' $2'"$%'105)#' 20&' &0' 6#$24:'
(26' (.%0'5")2' ")' "(6' (##$A)6' (&' (' A)#?' 7#)(&' (7)++++R-&' %"05' *)' %0*)02)' )26-#$27'
&0#*)2&%' <0#'706.$2)%%/' %(4):'(%'I'%"05'?0-'&)2'&"0-%(26' )A)#?5")#)' $2'&")'50#.6+'k"0:'
5"$.)' "$%' 2($.%' 5)#)' @)$27' &0#2'0-&:' 20@.?')26-#)6c'k"0:'5"$.)' "$%'E0$2&%'5)#)' @)$27'
5#)23")6' (%-26)#c'k"0:'5"$.)'"$%'@06?'5(%' @)$27'3-&' $2'1$)3)%:'*)*@)#' @?' *)*@)#c'
k"0:' 5"$.)' "$%'@02)%'5)#)' @)$27' <0#3)6'0-&' @?' .)A)#%c'k"0:'5"$.)' @)$27' 1.(3)6' 02'
<#?$27=1(2%'5$&"0-&'#).$)<c'+++J"05'*)'&")%)'$2%&(23)%+'d0#'aJ03#(&)%b' &0'6$)'@?'")*.034'
$%' .$4)' <(..$27'(%.))1:')A)2' *0#)'1.)(%(2&' &"(2' %.))1;+VVO' I <'&")' 6)(&"' 0<'J03#(&)%'5)#)'
#)7(#6)6' (%' ;20@.);:' &")'*(#&?#60*'0<'*(2?'!"#$%&$(2%' 50-.6' 3)#&($2.?'@)'*0#)' %0:'$2'
&")'01$2$02'0<'!"#?%0%&0*+'
PPQ
! P!C#'%=# !7P_#;-<)'%@<B!R=?=#P>X=X7WW_!H)3=# "=>=O!B#="7=>#PPO
! S! ,(%-%)3# O7!_#?J4&(3@<B!T%33%$! 34!3+%!>4-#)8# "7P>#= = !
# G*(%@*#;>#2*-J)# &4:#;&9)<#2>#+&0-*B!H!I4.(%! 2%#3+@! :;/'/0%! #)0!C#$35$04-! H-4)1! ,+$/83/#)8! #)0!
?%L8! /)!H)3/M;/35# HA&4#a*&463<6-.#S&*')*A&4a*&463<6-B# "CC=IB# "XC>#= = P
# ;-%4#$%*M<-<(-9B!N4-/(/%8! 4)!U!,4$/)3+/#)8# D>P>#
PD#
=>=>">W#G#<@99&*M#
I&' $%'0@A$0-%.?'"(#6'&0'@)'#)(..?'<($#'(26'0@E)3&$A)'5")2'30*1(#$27'(26'302&#(%&$27'&50'
7#)(&' <$7-#)%' <#0*' &50' A)#?' 6$<<)#)2&'&#(6$&$02%+'T05)A)#:' &")' (%%03$(&$02' @)&5))2'
J03#(&)%' (26' H)%-%:' 20' *(&&)#' <#0*' 5"(&' 1)#%1)3&$A)' $&' $%' 1)#3)$A)6:' $%' 3.)(#.?':' ('
"$%&0#$3(.'#)(.$&?'5"$3"'20'02)'3(2')(%$.?'@?1(%%+' I2'&")'01$2$02'0<'G003":'(&'.)(%&' $2'&")'
"$%&0#?'0<'&")'!"#$%&$(2'3"-#3":'J03#(&)%/' (%%03$(&$02' 5$&"'H)%-%'"(%' $2'<(3&').)A(&)6' &")'
#)1-&(&$02'0<'&")'G#))4'1"$.0%01")#!'#&! %()%**%$)%' &0'('4$26' 0<';%($2&"006:;')%1)3$(..?'
"$%'(&&$&-6)'&0'6)(&"+' I26))6:'5")2'02)'302%$6)#%' J03#(&)%'$2'#).(&$02'&0'*(#&?#60*:'"$%'
6)(&"'$%'%))2'&0'@#$27'"$*'3.0%)#'&0'H)%-%+VV9'
k"(&)A)#'&")'3(%)'*$7"&'@):'205'&"(&'('#).(&$A).?'6)&($.)6'(330-2&'"(%'@))2'7$A)2'(@0-&'
J03#(&)%/' ;20@.)' 6)(&";' (26' &")' J03#(&$3' &#(6$&$02:' $&' $%'10%%$@.)' &0' %))' $ <'&")#)' $%'(2?'
%$72$<$3(2&'10$2&'0<'302&(3&'@)&5))2'J03#(&)%'(26'H)%-%'5$&"' %1)3$(.' #)<)#)23)'&0' ,(-./%'
;*)%%(7)'0<'&")' 3#0%%+;'
G)2)#(..?' %1)(4$27:' $&'*(?' @)' <($#' &0' %-77)%&' &"(&' 5"$.)' ,(-.' *$7"&' @)' <(*$.$(#' 5$&"'
;20@.)' 6)(&";' $2' &")' G#)30=F0*(2' &#(6$&$02:' %-3"' (2' $6)(' 5(%' )A$6)2&.?'(.$)2' &0' &")'
(10%&.)/%'-26)#%&(26$27' 0<'&")'6)(&"' 0<'H)%-%'02'&")'3#0%%+' I <'&")#)' 5)#)'(2?! $-82*2:5' $2'
&")'6)(&"' 0<'H)%-%:'$&'30-.6' 02.?'@)'1)#3)$A)6' <#0*'&")'6$A$2)'1)#%1)3&$A)' (26'20&'<#0*'
(2?'"-*(2'10$2&'0<'A$)5+'D")'1#)A$0-%'"$%&0#$3(.'%-#A)?'02'3#-3$<$B$02' $2'(2&$C-$&?'"(%'
%"052' %-<<$3$)2&.?' 3.)(#.?' &"(&' &")' 3#-3$<$B$02' 0<'H)%-%'@).027)6' &0' &")' *0%&! 23$-8*%!
6)(&"'0<'&")' &$*)+' I&'5(%! 23$-8*%' $2'&")')?)%'0<'&")'F0*(2%:'@)3(-%)'&")?'6$6'20&' &"$24'
&"(&'")'5(%' 6?$27' <0#'&")' 706%:' <0#'&")' 2(&$02'0#'<0#'(2?'0&")#' 20@.)'3(-%)+'k"(&'5(%'
)A)2'50#%)'5(%' &")'%"))#'<(3&'")'5(%' 3#-3$<$)6'5$&"' &")' %(23&$02'0<'&")'"$7")%&'F0*(2'
= = W
# 5--6%B!>%6(%'3/4)8B# =P!7P>#
PO#
0<<$3$(.' $2' ,(.)%&$2)+' U26'"$%' 6)(&"' 5(%' 20&' 5$&"0-&' %&#-77.):' )+7+:' &")' 1#(?)#' $2' &")'
7(#6)2' <0#' &")' 10%%$@.)' #)*0A(.' 0<' &")' ;3-1;' 0<' %-<<)#$27'@)<0#)' "$%' (##)%&:' (26' &")'
0-&3#?' 02' &")' 3#0%%' <0#'@)$27' (.$)2(&)6' <#0*' "$%' G06' M30*1(#)6' 5$&"' &")' .)7)26(#?'
;3(.*2)%%;' 0<'J03#(&)%'$2'&")'<(3)'0<'6)(&"S+'`<'30-#%):' <0#'&")'H)5%'&")'6)(&"'0<'H)%-%'
5(%'5)..'6)%)#A)6' <0#'(';@.(%1")*)#;+' I&'$%'&")#)<0#)'20&'%-#1#$%$27'&"(&'$2'8' !0#$2&"$(2%'
8=V' ,(-.'20&' 02.?'%"05)6'20'$2&)#)%&' $2'&")'G#)30=F0*(2' 20&$02' 0<';20@.)'6)(&";:'@-&'
"(6' (3&-(..?' 1-&' <0#5(#6' $6)(%' 5"$3"' 5)#)' 6$(*)&#$3(..?'0110%)6' &0' &")'30**02.?'
(33)1&)6' %03$(.')&"0%'0<'&")' &$*)+' U<&)#'#($%$27'&")' &"0#2?'$%%-)'0<'3"-#3"'6$A$%$02%' $2'
8+8P=8V:' ,(-.'5)2&'%&#($7"&'$2&0'&")'*)%%(7)'0<'&")'3#0%%]' ;k(%',(-.'3#-3$<$)6'<0#'?0-c;'
M8+8>S+' D")' <0#3)' 0<' ,(-./%' #")&0#$3' 5(%' 3.)(#' (26' %$*1.)]' `2.?' &")' 02)' 5"0' 5(%'
;3#-3$<$)6'<0#'?0-;:'2(*).?'H)%-%'!"#$%&:'6)%)#A)6' &")'!0#$2&"$(2%/'&0&(.' (..)7$(23)+'U%'
%-3":',(-.' <$#%&'#)@-4)6'&"0%)'M02)' %"0-.6'1)#"(1%'%(?! %0'%)2#**5' &"0%)S' 5"0'7(A)'"$*'
&")$#' .0?(.&?:' @)3(-%)' "(A$27' #)3)$A)6' ,(-./%' *)%%(7)' 0<' &")' 3#0%%' (26' @)$27' "$%'
;%-110#&)#%;' &")?'%"0-.6'"(A)'42052'@)&&)#+'
d0#',(-.:'&")'3#-3$<$B$02'0<'H)%-%'5(%'20'*)#)'"$%&0#$3(.' #)(.$&?:'$*10#&(2&'(%'$&'5(%:'@-&'
&")' A)#?'%-@%&(23)'0<'"$%'1#03.(*(&$02'(26' &")' 02.?' 1-#10%)' 0<'"$%'*$%%$02'M8+8OS'(26'
)B$%&)23)+' D")';).0C-)2&' 5$%60*;'0<'*(2'5(%' $230*1(&$@.)'5$&"' &")' ;105)#;'0<'G06:'
5"$3"' 5(%' 6)*02%&#(&)6' 02' &")' 3#0%%' 0<'!"#$%&' M8+8OS+',(-.' 5(%' <-..?' (5(#)' &"(&' &")'
*)%%(7)'0<' &")' 3#0%%'5(%' ;<00.$%"2)%%;' &0' &"0%)'5"0' #)E)3&)6' $&:'@-&' %(.A(&$02' &0' &")'
@).$)A$27' M8+89S+'D")'5$%60*'0<'G06'$2'(26'&"#0-7"'&")'1#03.(*(&$02'0<'&")'3#0%%'"(6'
&"-%' &-#2)6' &")' %03$(.')&"0%'0<'&"$%'50#.6' -1%$6)' 6052'M8+89=V8S+',(-.' 42)5'&"(&'H)5%'
6)*(26)6' %$72%' (26'G#))4%' 6)%$#)6'5$%60*'M8+VVS+'U26'?)&'")'"(6'30**$&&)6'"$*%).<'
&0' &")' 1#03.(*(&$02'0<';!"#$%&'3#-3$<$)6;:' 5"$3"' 5(%' ;(' %&-*@.$27'@.034'&0'H)5%'(26'
<00.$%"2)%%' &0' G)2&$.)%;' M8+V>S+' T$%' 30**$&*)2&' 5(%' &"-%' (' 6$#)3&' (26' 6).$@)#(&)'
3"(..)27)' &0'@0&"'H)5%'(26'G#))4%' 0<'"$%'&$*):'@)3(-%)'<0#'&")*:'&")'(@%0.-&)' "0##0#'0<'
P!#
!"#!$%$&$'() *+) *) %'",) '%) -&-!#.$'() *(/) *00).1-) +#%%-"$(2+)34'.1)516+$!*0) *(/),-(.*078)
+1*,-8)$(1#,*($.6)*(/)$(/$2($.6) .1*.)9-"-)*++'!$*.-/) 9$.1) $.)9-"-)('.'"$'#+:);1-"-)9*+)
.1#+)('.1$(2)<('40-<)*4'#.)=-+#+>) /-*.18) *+)?'!"*.-+>) /-*.1) 9*+)!',,'(06)"-2*"/-/) .')
4-:) @+) +#!18) '(06) *) <%''0<8) *!!'"/$(2) .') .1-) +'!$*0) -.1'+) '%) .1-) .$,-8) 9'#0/) 1*A-)
!',,$..-/) 1$,+-0%) .').1-)5"'!0*,*.$'()'%)=-+#+)'%)B*C*"-.1)91')9*+)!"#!$%$-/8)1*A$(2)
4--() 5"'+-!#.-/) 46) .1-) 1$21-+.) =-9$+1) !'#(!$0) *(/) 5#.) '() ."$*0) 46) .1-) ,'+.) +-($'")
D',*() '%%$!$*0)$()E*0-+.$(-:) F-.8)E*#0)9*+) (') %''0:)G$+)!',,$.,-(.)9*+)4*+-/)'().1-)
!'(A$!.$'() .1*.).1-)!"#!$%$-/)H1"$+.)1*/)/-,'(+."*.-/) !0-*"06).1*.)<I'/>+) %''0$+1(-++)$+)
9$+-").1*()1#,*()9$+/',8)*(/)I'/>+)9-*J(-++)$+)+."'(2-") .1*()1#,*()+."-(2.1<)3K:LM7:)
N1*.)1*+)4--() +*$/)$+)+#%%$!$-(.).')$(/$!*.-).1*.) $ %) '(-)9-"-)0''J$(2)%'")+',-)+$2($%$!*(.)
5'$(.+)'%)!'(.*!.)4-.9--() ?'!"*.-+)*(/)=-+#+)9$.1) +5-!$*0) "-%-"-(!-) .')E*#0>+),-++*2-)
'%) .1-) !"'++) $() .1-) '5-($(2) !1*5.-"+) '%) K) H'"$(.1$*(+8) .1-) "-+#0.) !'#0/) 4-) "*.1-")
/$+*55'$(.$(2:) O#.! "#$#%&'()#**+,) .1-) *4+-(!-) '%) *(6) +$2($%$!*(.)5'$(.) '%) !'(.*!.)
4-.9--() .1-) .9')!*+-+)$+) $.+-0%) ,'+.) "-A-*0$(28)4-!*#+-)$.+)+-"A-+).')/-,'(+."*.-) P#$.-)
!0-*"06) .1*.) .1-) I"--J) 51$0'+'51-")?'!"*.-+)*(/)91*.) 1-) +6,4'0$C-+) *(/)-,4'/$-+) /')
('.) P#$.-)%$.) $(.') .1-)5$!.#"-)'%)E*#0>+) !"#!$%$-/)H1"$+.)$().1-) %$(*0) *(*06+$+:);1$+)$+) +')
/-+5$.-) .1-) %*!.) .1*.) ?'!"*.-+) 1*+) 4--() *) !',,'(06) "-+5-!.-/) *(/) */,$"-/) %$2#"-)
.1"'#21'#.) .1-) 1$+.'"6)'%) .1-) !1#"!18)-+5-!$*006) %'")1$+) !',,$.,-(.).') .1-) +-*"!1) %'")
."#.1) *(/) %'")1$+) !'#"*2-) $().1-) %*!-)'%)2"-*.) */A-"+$.68) $(!0#/$(2) /-*.1) $.+-0%:)O#.).1-)
,$++$'()*(/)/-*.1)'%)=-+#+)H1"$+.)1*A-).')4-)#(/-"+.''/8)5-"!-$A-/)*(/)$(.-"5"-.-/)$()*()
-(.$"-06) /$%%-"-(.)9*68) -+5-!$*006) $() .1-) 9*6) .1*.) E*#0) 1*/) +1'9() $() .1-) '5-($(2)
!1*5.-"+) '%) K)H'"$(.1$*(+:);1-) #($P#-(-++) '%) .1-) !"'++) '%) =-+#+) 0$-+) 5"-!$+-06) $() $.+)
$(!',5"-1-(+$40-) (*.#"-8) 1#,*(06) +5-*J$(2:) Q.1-"9$+-8) $.) 9'#0/) ('.) 4-) +#!1) <*)
+.#,40$(2)40'!J).')=-9+)*(/)%''0$+1(-++).')I-(.$0-+:<)
!"#$%&'()$*)+,-$./$!$+/*!-!.#))#/00123$ 0$1)2.3-$,4+*.,.&/$
;1-) '"$2$() *(/) .$.0-) '%!4!.#))#/001) *"-) P#$.-)!0-*"06)-&50*$(-/)46)='(*.1*()I'0/+.-$(:)
H0-,-(.) '%)@0-&*(/"$*)*(/)Q"$2-()*"-) 4-0$-A-/).')4-) .1-)-*"0$-+.) '%).1-)H1#"!1)R*.1-"+)
.') ,-(.$'() .1-) 4''J+) 46) (*,-:) ;1-6) 9-"-) !*00-/! 5#! .#66#/#2(6#,) <S*!!*4*-*()
G$+.'"$-+<:) ;1-) -*"0$-+.) #+-) '%) .1-) .-",) <S*!!*4--+<) %'") .1-) 1-"'-+) 9*+) %'#(/)$()
;-".#00$*(>+! 7%80$191! :9%#0&1) T8) '%) *4'#.) @U) KVM:) @%.-") .1*.8) .1-) .$.0-) <O''J+) '%)
LLV)
S*!!*4--+<)4-2*().')4-)!',,'(06)#+-/)46).1-)H1#"!1)R*.1-"+:)
;1-)%'",)'%)L!.#))#/001) *55-*"+)"*.1-") +."*(2-:)W.)4-2$(+) 9$.1) .9')0-..-"+:);1-)%$"+.) 3WW)
K:KXK)Q*7),*6)4-)!*00-/)Y5$+.0-) K8)*(/)Y5$+.0-)L)!'(+$+.+)'%) K:KZ4XL:K[:)L:KV)4-2$(+) 9$.1)
*) 1$+.'"6) $()91$!1) 3L:KVX\L7) .1-) 9"$.-") "-%-"+) .') *() >*4"$/2,-(.>) '%) .1-) 9'"J) '%) '(-)
<=*+'() '%) H6"-(-<) 91') 9"'.-) *4'#.) <=#/*+) S*!!*4*-#+) *(/) 1$+) 4"'.1-"+8) .1-)
5#"$%$!*.$'()'%).1-) >2"-*.-+.>) '%).-,50-+) *(/).1-)/-/$!*.$'()'%).1-)*0.*"8) .1-)9*"+) *2*$(+.)
@(.$'!1#+) W]) Y5$51*(-+) *(/) @(.$'!1#+) ]) Y#5*.'"8) *(/) .1-) ,$"*!#0'#+) /$A$(-)
$(.-"A-(.$'(+) *(/) 20'"$'#+) A$!.'"$-+) 91$!1) .1-() '!!#""-/:<L\Z) I'0/+.-$() *!!-5.+) .1'+-)
!0*$,+)'%).1-) *4"$/2-") 3L:KVXL\7:);1-) *4"$/2-") -A$/-(.06)5*$/),#!1)2"-*.-")*..-(.$'() .')
.1-) +#%%-"$(2+) '%) .1-) ,*".6"+) 3WW)^:KZX_:TL7) .1*() '.1-") ,*..-"+:L\K) ;1-) .1-,-+) '%) 1$+)
1$+.'"6)*"-)*0+')5"-..6)'4A$'#+`).1-)!'A-(*(.*0) "-0*.$'(+1$5)4-.9--() I'/)*(/)G$+)!1'+-()
5-'50-8) .1-) +*(!.$.6) '%).1-) =-"#+*0-,) .-,50-8) .1-)G*+,'(*-*() /6(*+.6) *(/) .1-$") 5$'#+)
L\L)
'55'(-(.+8) .1-),*".6"/',)'%).1-)=-9+8)*(/).1-)4-0$-%) $() "-+#""-!.$'(:)
@0.1'#21)=*+'()*(/) .1-) *4"$/2-") *55-*").')1*A-)%'00'9-/).1-),'+.)5'5#0*") +.60$+.$!)*(/)
(*""*.$A-) 5*..-"(+) '%) I"--J) 1$+.'"$*(+8) I'0/+.-$() .1$(J+) .1*.) </-+5$.-) *00) .1-+-) I"--J)
! ! 5
$ 1&/+,-+/$0"$6&(*3,)./7$8 8!"#$$#%&&'$ 96+4*)/:$;&<'()*+=$ >$?&@A+/=7$B5C#D7$ #EF"$! # G
$ 6&(*3,)./7$8 8!"#$$#%&&'($ F"$! # B
$ 6&(*3,)./7$88!"#$$#%&&'($ HEI"$! # !
$ 6&(*3,)./7!))!"#$$#%&&'($ B!"$
JC$
-0-,-(.+8) .1-)*4"$/2-/)1$+.'"6)$+)5"'%'#(/06)=-9$+1:<L\\);1-)S*!!*4-*() (*""*.$A-+)*(/)
.1-$")4*+$!).1-'0'26)+--,).')+#55'".)I'0/+.-$(>+)!0*$,:)
O*+-/) '() .1-) %$"+.) 0-..-") 3L!.#))3;3<=) G-(.-() .1$(J+).1*.) .1-) /*.-) '%!4!.#))#/001) $+)
*4'#.) KLT)OH)*(/).1-)*#.1'")9*+) 0$J-06) .')4-)*),-,4-")'%).1-)G*+$/-*(+:L\T)S'"-'A-"8)
-!.#))#/001,) -+5-!$*006)$()$.+)1$+.'"$!*0)!'(.-&.+)'%),*".6"/',8)$+)4-0$-A-/).')1*A-)4--()
0*"2-06)/-"$A-/)%"',)L!.#))#/001) *(/)!*,-)$(.')4-$(2)*"'#(/)KZZ)OH: L \ M)
W() I'0/+.-$(>+) A$-98) L! .#))#/001) _) !'(+.$.#.-+) <.1-) -*"0$-+.) +#"A$A$(2) -&*,50-+) '%)
-0*4'"*.-) +.'"$-+) '%),'('.1-$+.+) +#%%-"$(2),*".6"/',)*(/) *"-) .1-)/$"-!.)+'#"!-) %'").1-)
5*..-"(+) .1*.) .1-"-*%.-") 5"-A*$0-/) $() =-9$+1) *(/) H1"$+.$*() 0$.-"*.#"-<:)G-) .1$(J+) .1*.)
<G-4:) KK:\MX\^)+#"-06)*00#/-+).')==) :K[X_:TL:::.1-"-*%.-")$()=-9$+1)3+--) W]) ^:L[XLV7)*(/)
-+5-!$*006)$()H1"$+.$*()."*/$.$'()$+).1-)$/-*)'%).1-)"-/-,5.$A-)5'9-")'%),*".6"/',<:L\^)
L!.#))#/001) 1*+) .1"--) +.'"$-+)'%)<('40-)/-*.1<`) .1-)($(-.6X6-*")'0/)+!"$4-)Y0-*C*"8) .1-)
*('(6,'#+),'.1-"8)*(/)1-")+-A-() +'(+)3^:K[X\Ka)_7:);1-)('4$0$.6)'%)+#!1)/-*.1)9*+)+-.)
$() .1-) !'(.-&.) '%) .1-) !'A-(*(.:L\_) U*A$/) ?--0-6) $+) !0-*"06) "$21.) $() .1$(J$(2) .1*.) .1-)
,*".6"/',) '%) .1-) -0/-"06) ,*".6") Y0-*C*") 9*+) *) 5*".$!#0*"06) $,5'".*(.) +'#"!-) '%)
-(!'#"*2-,-(.) *(/)+."-(2.1)%'")1$+)%-00'9)=-9+)3^:\K7:)
W() .1-) S*!!*4-*() 9"$.$(2+) .1-) ,*".6"+)9-"-) "-2*"/-/) *+) =-9$+1) 51$0'+'51-"+) 91'+-)
.1'#21.+)*(/)A$".#-+)5"'A$/-/)*)2#$/-0$(-)%'").1-)=-9$+1)9*6)'%)0$%-:)G-(.-() -0*4'"*.-+`)
<.1-"-%'"-8).1-) =-9$+1)51$0'+'516:::,-*+#"-+) #5) .')I"--J)51$0'+'516)$()-A-"6)*+5-!.:)
! # #
$ 6&(*3,)./7$8 8!"#$$#%&&'($ !GEB"$! # F
$ K)/,)/7! *+&!"#$$#%&#,! "#-./-'! #'! 0#1234-'! 35! .+&! 6&72'+! 8&39:&;! <! 0.4=/! 35!>!#,=!?! "#$$#%&&'!
9L).*:$ M4.((7$ B55JD7$!5I"$! # H
$ K)/,)/7!"#-./-'($ C!"$! # I
$ 6&(*3,)./7$8 8!"#$$#%&&'($ !C!E#"$! # J
$ K)/,)/7!"#-./-=3@($ FI"$! # C
$ ;+N.*$ O))()=7! *+&!A3%:&! B&#.+;! C-#&$3DE3@#,! "#-./-3:3F/! #,=! 8#4:G'! H3,$&9.! 35! 0#:1#.23,!
9O-)PP.)(*:$1OQR$S4)337$ B55GD7$C5"$
J5$
@(/) 4-!*#+-) '%) $.+) /$A$(-) '"$2$() $.) +#"5*++-+)I"--J) 51$0'+'516::::;1*.) -&50*$(+) 916)
.1-6) "-%#+-)$()%"'(.)'%).1-) J$(2) .') "-('#(!-).1-) -#'05-$*) *(/) .1-) 51$0'+'51$!*0)9*6)'%)
0$%-)91$!1)+.-"(+)%"',) $.:<)
;1-)$/-*)'%)4'/$06)"-+#""-!.$'()'%).1-)=-9$+1),*".6"+)9*+)'4A$'#+06).1-),'+.)+$2($%$!*(.)
-0-,-(.) *,'(2) '.1-")('.$'(+) $().1-)S*!!*4-*() 4-0$-%) $()/$A$(-)A$(/$!*.$'(:)S'"-'A-"8)
@(.$'!1#+) W]>+) !'(A-"+$'() .')=-9$+1) "-0$2$'()b#+.)4-%'"-)1$+)/-*.1) 9*+) !0-*"06) "-2*"/-/)
*+)*)5'9-"%#0)9$.(-++) .')I'/>+) +'A-"-$2(.6)'A-")-*".106)5'9-"+) *(/) *#.1'"$.$-+:LTZ)
W() G:)@(/-"+'(>+) A$-98).1-)9"$.-")'%!-!.#))#/001,) 91$0-) %*,$0$*")9$.1) I"--J) .1'#21.8)
-+5-!$*006) ?.'$!) $/-*+8) 9*+) ('.) "-*006) !'(!-"(-/) .') 5"','.-) .1-,) *,'(2) 1$+) =-9$+1)
"-*/-"+) *+) +#!18) 4#.) "*.1-") .') #+-) .1-,) $() .1-) +-"A$!-) '%) 1$+) '9()5-'50-8) ,*J$(2) .1-)
2"-*.) A$".#-+)'%).1-)I"--J) +-0%X!'(."'08)!'#"*2-8) b#+.$!-8)*(/).-,5-"*(!-8)+#4'"/$(*.-) .')
.1-) =-9$+1) c*9:L T K);1$+) $+) *0+')4*+$!*006) .1-) A$-9)'%)/-?$0A*:LTL) G-"-) $+) *() -&*,50-`)
<D-*+'(8)W)+#22-+.8)$+)J('90-/2-) '%).1$(2+)/$A$(-)*(/)1#,*(8) *(/)'%).1-$")!*#+-+:)@(/)
.1$+)9$+/',8)W)*++#,-8)$+).1-)!#0.#"-)9-)*!P#$"-) %"',).1-)c*98).1"'#21)91$!1)9-)0-*"()
.1-).1$(2+)'%)I'/)"-A-"-(.06)*(/).1-).1$(2+)'%),-().')'#")9'"0/06)*/A*(.*2-:);1-)%'",+)
'%)9$+/',)!'(+$+.) '%)5"#/-(!-8) b#+.$!-8)!'#"*2-8) *(/).-,5-"*(!-<)3K:K^XKVa)!%:) K: a) M:_X
K\8)K_XLMa) K\:KVa)KT:L7:)
='1() O*"!0*6)+--J+).') $(.-"5"-.).1-) .1-+$+)'%!-!.#))#/001) $()"-0*.$'().')=-9$+1)$/-(.$.6)
*(/) ."*/$.$'(:)G-).1$(J+).1*.) .1-) *#.1'") 1*/)50*!-/) .1-)S*!!*4-*() ,*".6"/',+) <9$.1$()
K)/,)/7!"#-./-'($ !5F"$> ? I
! >!"#$&J$ 5"CEBJ"$K)/,)/7!"#-./-'($ #G#"$! F B
$ K"$0/*)43&/$9,4+/3"D7$TF$U+VV+'))3T7$ ./$1+@)3$K"$?-+4()32&4,-$9)*"D7! K*8$9%)2$ W&4X:$;&<'()*+=$>$
?&@A+/=7$ B5CHD7$ N&("$!"H#BEIF7$+,$H#JEC"$! F !
$ *)O.(N+7!?!"#$$#%&&'$ 9O-)PP.)(*:$O-)PP.)(*$0V+*)@.V$S4)337$ B55CD7$HB"$
[Z)
.1-) %"*,-9'"J)'%).1-) .1-+$+) .1*.) >"-0$2$'#+)"-*+'() $+),*+.-") 'A-") .1-) 5*++$'(+><) "$21.)
%"',).1-)+.*".) 3K:KX\:K[7:LT\)
;1-)*#.1'")'%!-!.#))#/001) 9*+)'4A$'#+06)%*,$0$*")9$.1) .1-)"-0*.$'()4-.9--() "-*+'() *(/)
5*++$'(+8) 91$!1) 9*+) *),*$()$++#-) $()!'(.-,5'"*"6)51$0'+'5168)-+5-!$*006) $()?.'$!$+,:)
O#.) .').1-) *#.1'"8) $.)9*+) =-9$+1)51$0'+'516)91$!1) 9*+) +#5-"$'") 3M:LL8)\MX)_:_8)V8)LK7)
*(/)*00)51$0'+'51$-+),#+.)4-)*.).1-)+-"A$!-)'%)=-9$+1)$(.-"-+.+:)O*"!0*6)+#22-+.+).1*.).1-)
*#.1'">+) #+-) '%).1-) %$"+.) 5-"+'() 50#"*0) <9-<) $()"-0*.$'().')9$+/',$ 9&&VYK+) 78)-/#!*.$'()
9.R&+O).+D)*(/)3=-9$+17)0*9)3A'#E&.ZD)$+)$(/$!*.$A-)'%).1-)*#.1'">+) +."'(2)+-(+-)'%)+'0$/*"$.6)
9$.1) 1$+) =-9$+1) !',,#($.6:);1$+) *0+') $,50$-+) .1*.) #0.$,*.-06) .1-) *#.1'") 9*+) '(06)
$(.-"-+.-/)$().1-)=-9$+1)%'",)'%)<9$+/',<)'")<51$0'+'516<:LTT)
N1$0-! -!.#))#/001) *55-*"+) .') +1*"-) .1-) ?.'$!) 4-0$-%) .1*.) "-0$2$'() $+) *() $(2"-/$-(.)'%)
<"-*+'(<8) .1-) "-5-*.-/) '!!#""-(!-+) '%).1-)9'"/+)<2'/06)"-*+'(<$ 9)<+)A4.,Z! 6&+;3#;(&),=) 3K:)
Ka)M:\[a)_:K^)-.!:7)*(/)<2'/0$(-++<$ 9)<&)S).&VD)+#22-+.).1*.)<"-*+'(<)9*+).')4-)#(/-"+.''/)
$() *) =-9$+1) "-0$2$'#+)!'(.-&.8) -+5-!$*006) $() "-0*.$'() .') .1-) -&*,50-+) '%) 2"-*.) =-9$+1)
%$2#"-+)$()1$+.'"6:);1-6)*00)<!'(P#-"-/<)5*++$'(+)9$.1) .1-$")2'/0$(-++) 3_:LKXLL7:LTM)
W%) *)+$,50-)P#-+.$'()9-"-)"*$+-/8)<1'9)/$/)?'!"*.-+).*J-)$.)91-()1-)9*+)!'(%"'(.-/)9$.1)
/-*.1d<) ;1-)*(+9-") !'#0/) 9-00) 4-8) .1-)I"--J) 51$0'+'51-")9*+) <.*J$(2)$.) 0$J-) *),*(<:)
;1$+) $+) $() %*!.) .1-) .$.0-) '%) *) +$2($%$!*(.)5*5-") 9"$..-() b'$(.06) 46) ?.-51-() S''"-)*(/)
=*($!-)@(/-"+'()4*+-/)'().1-$")+.#/6)'%)T)S*!!*4--+:)
S''"-) *(/) @(/-"+'() 31-"-*%.-") '(06) S''"-) %'") !'(A-($-(!-7) %'!#+) '() .1-) $++#-)'%)
,*+!#0$($.6) $() .1-$")S*!!*4-*() +.#/$-+:) S''"-) 1*+) ('.$!-/) .1*.) 91$0-) .1-) /-%$($.$A-)
! F #
$ M+4V(+=7!6&7'! 2,!.+&!"&=2.&--#,&#,! B2#'93-#$ 9[*./'<4\-:$R$>$R$?(+4X7$ B55ID7$#I5"$! F F
$ M+4V(+=7!6&7'($ #JB"$! F H
$ M+4V(+=7!6&7'($ #J!E#"$
[K)
,*+!#0$(-) ."*$.) #+#*006) $(!0#/-+) 4'.1) !'(."'0) '%)'.1-"+) *(/) +-0%X!'(."'0)$(),'+.) '%).1-)
I"--J) *(/) c*.$() 9"$.$(2+8! -!.#))#/001) "-2*"/+) +-0%X!'(."'0)*+) .1-) +#5"-,-) $(/-&)'%)
,*+!#0$($.6) !',5*"-/) 9$.1) .1-) !'(."'0) '%)'.1-"+:LT^);1-) <,*+!#0$($.6<)'%)'0/)Y0-*C-"8)
.1-)9$/'9-/),'.1-")*(/)1-")+-A-() 6'#(2)+'(+)3'")4'6+7)9*+)5'9-"%#006)/-,'(+."*.-/)
$().1-$")+-0%X!'(."'0)91-()!'(%"'(.-/)9$.1)/-*.1) 3KT:KKa)!%:)KM:L\8)L[X\Za)K^:KT8)L7:)
S''"-) +$(20-+) '#.) %'#") !*"/$(*0) A$".#-+$ 9]175 A"D+.]Z) <5"#/-(!-<8) '9G3b75'*#6"e)
<.-,5-"*(!-<8$ O.^&+&&<N4D) <b#+.$!-<8) *(/) /A^5-3*) <!'#"*2-<7) $() .1-) I"-!'XD',*()
+'!$-.6)91$!1)9-"-).1'#21.).')1*A-)4--() *".$!#0*.-/)46)E0*.'8)-+5-!$*006)$(!>?#0%&) ^VH:)
;1-+-)%'#")A$".#-+)9-"-) +#4+-P#-(.06) !1-"$+1-/) *0+') 46)@"$+.'.0-8) .1-)?.'$!+) *+) 9-00) *+)
E1$0':) ;1-) *#.1'") '%! -! .#))#/001) $+) 4-0$-A-/) .') 1*A-) .*J-() 'A-") .1-+-) A$".#-+) *(/)
*550$-/) .1-,).').1-)S'+*$!)c*9:);1-)S*!!*4-*() *#.1'")/-,'(+."*.-/) .1*.)Y0-*C*"8) .1-)
,'.1-")*(/)1-") +-A-() +'(+)*00)/$-/)9$.1) 2"-*.) !'#"*2-8) *AM5-$*8)91$!1) 9*+) !'(+$/-"-/)
-++-(.$*006)*),*+!#0$(-) A$".#-:LT _)
;"#-),*.#"$.6)9*+).1'#21.).')4-),-(.*0)*(/)('.)516+$!*0:)N1-().1-)+$&.1) +'()9*+)%*!-/)
9$.1) /-*.18) 1-)5"'#/06)+*$/) .')@(.$'!1#+8) < W) *,)6'#(2-") $()*2-) .1*(),6)4"'.1-"+8)4#.)
b#+.) *+) ,*.#"-) ,-(.*006<) 3KK:KTa) !%:) M:\K7:) ?$,$0*"06) $() M:L\8) Y0-*C*") !1*00-(2-/)
@(.$'!1#+`)<6'#),'!J)*.)'#")51$0'+'516)*+) .1'#21)'#") 0$A$(2)#(/-") $.)9-"-)!'(."*"6).')
"-*+'(:) Q().1-) '(-) 1*(/8) $.).-*!1-+)#+) .-,5-"*(!-) +') .1*.)9-)*"-) $()!'(."'0) '%)*00)'#")
50-*+#"-+) *(/) /-+$"-+a) *(/) $.) 2$A-+) #+) *) .1'"'#21) ."*$($(2) $() !'#"*2-) f/A?5-$*8)
<,*(0$(-++<g) +') .1*.)9-)9$00$(206) -(/#"-) *00)1*"/+1$5:<);1-)=-9$+1)S*!!*4-*(),*".6"+)
9-"-),'/-0+)'%),*+!#0$(-)A$".#-)('.)'(06)%'").1-)=-9+)4#.)*0+')%'").1-)I-(.$0-+)3L! .#)03!
_:KLa!-!.#)03) K_:K^XLT7:)
! F I
$U&&4)$+/*$1+/.V)$?+A)($0/*)43&/7$ TR+X./\$_,$(.X)$+$@+/T7!6LM$BBJ$9B55CD7$!F5EJ#7$+,$!HG"$! F J
$ U&&4)7TR+X./\$_,T7$!H!E#"$
[L)
W"'($!*0068)@(.$'!1#+8).1-)5'9-"%#0)"#0-")91')*55-*"-/) .')1*A-)*4+'0#.-)!'(."'0)'A-")1$+)
!*5.$A-+)4-!*,-)*)+0*A-)'%)1$+)'9()5*++$'(+) 3[:L7:)G-)9*+)/-%-*.-/)%'")('.)4-$(2)*40-).')
%'"!-)1$+)!*5.$A-+).')-*.)/-%$0$(2)%''/:) W()A$'0-(.)"*2-)1-)0'+.)!'(."'0)'%)1$,+-0%) 3KZ:K_7:)
R'").1-)*#.1'")'%!-!.#))#/001,) ."#-),*+!#0$($.6) $+)!0-*"06) +',-.1$(2!(@A0$@#*3) R'")1$,)
.1-)"-*0)4*..0-)9*+).1-"-%'"-)4-.9--().1-),*".6"+)*(/).1-,+-0A-+:)W()5'5#0*")G-00-($+.$!)
,'"*0)51$0'+'516)*)!0-*")/$+.$(!.$'()9*+),*/-)4-.9--().1-),*()91')9*+)<+."'(2-").1*()
1$,+-0%$ 9^A).,R&&N) -*#.'#78)$:-:8)'(-)91')9*+)*40-).')!'(."'0)1$+)5*++$'(+) *(/)*55-.$.-+8)
*(/).1-),*()91')9*+)<9-*J-").1*()1$,+-0%) 3R ` R R6a) J'"!'#78).1-)5-"+'()91')4-!*,-)*)
+0*A-).')1$+)'9()5*++$'(+) *(/)*55-.$.-+:LT[)E0*.').1#+)+*$/)$()1$+!B0!"0"9/*()#C) <R'")1-)
91') $+),*+.-") '%) 1$,+-0%) 9'#0/) *0+') 4-) +#4b-!.) .')1$,+-0%8)*(/) 1-)91') $+) +#4b-!.).')
1$,+-0%) 9'#0/)4-),*+.-":<LTV) @(/)$()1$+!D#E1,) E0*.')!0-*"06)+.*.-/).1*.`)<4-$(2)/-%-*.-/)
46)'(-+-0%)$+).1-),'+.)+1*,-%#0)*(/)*.).1-)+*,-).$,-).1-)9'"+.)'%)*00)/-%-*.+<:LMZ)S''"-)
4-0$-A-+) .1-) "-*+'() %'").1$+)$+).1*.) $.)$+) -P#$A*0-(.).')/-%-*.)*.) .1-)1*(/+)'%)9',-()'")
+0*A-+:LMK)
W(! -!.#))#/001,) $"'($!*0068) .1-) h$(2) @(.$'!1#+)91')5'++-++-/) *4+'0#.-) 5'9-")'A-")
'.1-"+).#"(-/)'#.).')4-)5'9-"0-++)*(/)#(,*(06)91-()!'(%"'(.-/)9$.1) *()-0/-"06),*(8)*)
9$/'9-/) ,'.1-")*(/)1-") +-A-() 4'6+:) W.)9*+) !0-*"06) *)5#40$!) +1*,-)%'").1-) J$(2) +$(!-)
,*(1''/) 9*+) -++-(.$*006) *),*..-") '%) 5#40$!) 5-"!-5.$'() $() .1-) *(!$-(.)S-/$.-""*(-*()
9'"0/:) O6) *),*"J-/)!'(."*+.8) .1-) .'".#"-/)'0/),*".6")Y0-*C*">+) ,*(06)4-1*A$'#")9*+)
2"-*.06) */,$"-/) *(/) 1-) 9*+) /-+!"$4-/) *+) *) 5-"+'() <*/'"(-/) 9$.1) .1-) 4-*#.6) '%)1$+)
5$-.6:::.1-)2"-*.)+'#0)*(/).1-)('40-),*(<)3^:L8)M7:)?--0-6>+) #(/-"+.*(/$(2)*(/)/-%$($.$'()
'%) <('40-) /-*.1<) $+) 0*"2-06) 4*+-/) '() .1-) /-*.1) '%) Y0-*C*"8) $() 91$!1) 1-) %$(/+) %'#")
$,5'".*(.) -0-,-(.+`) 3K7) '4-/$-(!-) .') .1-) /$A$(-) c*9a)3L7) *) ,$0$.*"6) !'(.-&.8) 91$!1)
U&&4)7$ TR+X./\$_,T7$!HJECZ$!IB"$
S(+,&7!E&9J$ F"F#G[EF#B0"$
S(+,&7!M&FJ$ B"I!I;E["$
U&&4)7$ TR+X./\$_,T7$!I!"$
[\)
$(A'0A-/) *)9*")*2*$(+.) @(.$'!1#+)*(/) .1-)G-00-($C-"+a) 3\7).1-) 'A-"!',$(2)'%)516+$!*0)
A#0(-"*4$0$.6a) *(/) 3T7) +*!"$%$!$*0) ,-.*51'"+) +$(!-) .1-) /-*.1+) '%) .1-) ,*".6"+) $(! -!
.#))#/001) *"-) !'(+$/-"-/) <A$!*"$'#+:<)S'"-'A-"8)b#/2-/) 46) .1-) 9*6) .1*.) +.'"$-+) *"-)
.'0/) $(!-!.#))#/001) .1-"-) $+) 1*"/06) *(6) /'#4.) .1*.) $.+) *#.1'") "-2*"/-/) .1-),*".6"+) *+)
-&*,50-+) ,$,-.$!*006).')4-)%'00'9-/)3!%:)_:[XVa) KT:Va)V:\Za) KK:LTXLM7:LML)
S''"-)('.-+).1*.)<$() .1-)*(!$-(.)S-/$.-""*(-*()9'"0/8! "#$#"$#%F&') 3>+'%.>a)c*.$(!G&**(1=) 9*+)
.1-) */b-!.$A-) +#5"-,-06) #+-/) .') /$%%-"-(.$*.-)9',-(8) 2$"0+8) 4'6+8) 6'#.1+8)-%%-,$(*.-)
,*0-+8) !*.*,$.-+8) *(/)-#(#!1+) %"',) >."#-),-(><:L M \) W().1-) 1$2106) /"*,*.$C-/) -(!'#(.-")
4-.9--() @(.$'!1#+)*(/) 1$+) =-9$+1) !*5.'"+8) .1-) 0*..-") !0-*"06)-,-"2-/) *+) .1-)9$((-"+:)
YA-() .1-) 9$/'9-/) ,'.1-") 4-!*,-) *) ."#-) <,*(<) X) +1-) .''J) $.) 0$J-) *) ,*(i) ;1-)
S*!!*4-*() *#.1'") 1*/) 5*".$!#0*"06)2"-*.) */,$"*.$'() %'") .1-) +#%%-"$(2),'.1-") 3K_:Ka)
KT:KLa) KM:KM7) *(/) !'(!0#/-/) 9$.1) .1$+) "-,*"J`) <1'9) (#,-"'#+8) .1-(8) *(/) 1'9) 2"-*.)
9-"-) .1-) .'",-(.+) .1*.) .1-),'.1-") +#%%-"-/)91$0-) 1-") +'(+)9-"-) .'".#"-/)'() .1-)91--0)
*(/) 9$.1) .1-) +-*"$(2) $"'(+<) 3KM:LL7:LM T) ;1-) S*!!*4-*() *#.1'">+) 2"-*.) */,$"*.$'()
4-!*,-).1-),'"-)"-,*"J*40-) +$(!-) 1-) 1$,+-0%) +1*"-/) .1-) 5'5#0*") A$-9) .1*.) .1-) %-,*0-)
9*+) <.1-) 9-*JX+5$"$.-/8) 9-*JX+'#0-/8) *(/) 9-*J-") +-&<:) O#.) *+) S''"-) 1*+) "$21.06)
'4+-"A-/8) <$.)$+)5"-!$+-06) .1$+) >$((*.->) /$+*4$0$.6).1*.) .1-),'.1-") $+)/-5$!.-/)*+)1-"'$!*006)
'A-"!',$(28) .1-"-46) 5"'A$(2)1-"+-0%) 9'".16)'%)'(-) '%) .1-) ,'"-) !#"$'#+) !',50$,-(.+)
.1*.) *) G-00-($+.$!) ,*0-) *#.1'") !'#0/) 4-+.'9) #5'() *) %-,*0-) !1*"*!.-":<) L M M) W() .1$+)
5*".$!#0*") !'(.-&.8) h-"+.$() @+5-2"-(>+) !',,-(.) $+) A-"6) $(+$21.%#0`) < $ %) *) 9',*()
*!1$-A-/) +',-.1$(2) 2''/) '") /$+.$(2#$+1-/) 1-"+-0%) $() -.1$!*08) "-0$2$'#+) '")$(.-00-!.#*0)
,*..-"+8) +1-) 9*+) ('.)5"*$+-/) *+)4-$(2)*)9',*()'%)2''/)P#*0$.$-+)4#.) *+) *)9',*()91')
O))()=7! *+&!A3%:&! B&#.+($ BFJ"$
U&&4)7$ TR+X./\$_,T7$!I#"$
U&&4)7$ TR+X./\$_,T7$!IH"$
U&&4)7$ TR+X./\$_,T7$!II"$
CF$
1*/)4-!',-),*(06:)j(*40-).'),-*+#"-)#5).'),-()$().1-)*"-(*)'%)A$".#-8).1-)4-+.)9',*()
!'#0/)1'5-)%'")9*+).')4-)/-!0*"-/) *()1'('"*"6),*(:<)
@0.1'#21) ('.) *) 2"-*.) /-*0) '%) 91*.) S''"-) 1*+) +*$/) *4'#.) ,*+!#0$($.6) $() .1-) I"-!'X
D',*()9'"0/) *(/).1-)S*!!*4-*() +.'"$-+) $+)5*".$!#0*"06)(-98)1-)1*+)('(-.1-0-++),*/-)*)
%-9)5'$(.+)91$!1)*"-) $(+$21.%#0)*(/)$(+."#!.$A-:)
3K7)@+)S''"-)1*+) +.*.-/) "-5-*.-/06) $().1-)*".$!0-)*+)9-00) *+)$()1$+)!'(!0#+$'(8),*+.-"6) $+)
+6('(6,'#+) 9$.1) ,*+!#0$($.6) $() ,'+.) '%) I"--J) *(/) c*.$() .-&.+) .1*.) +#"A$A-) %"',)
*(.$P#$.6:) G-) $+) "$21.) $()5#..$(2).1-) -,51*+$+) '() .1-) $((-") +-0%X!'(."'0)'%)*)5-"+'() *+)
4-$(2)%*")+#5-"$'") .').1-) '#.9*"/)/',$(*.$'()'%)'.1-"+:) ;1$+)5'$(.)1*+) 4--()9-00),*/-)
9$.1) +5-!$*0) "-%-"-(!-) .'! -! .#))#/001) $() 91$!1) .1-) $((-") +-0%X!'(."'0)'%) .1-) =-9$+1)
!*5.'"+) X) Y0-*C-"8) .1-),'.1-")*(/)1-")+-A-()4'6+)X) -(*40-/) .1-,).')-,-"2-)*+)<,*(06<)
9$((-"+)$().1-$")!'(%"'(.*.$'()9$.1) .1-)5*2*() "#0-":)@(.$'!1#+)4-!*,-)*)0'+-") $().1-)-(/)
*(/).1#+)+#%%-"-/)%"',)2"-*.) +1*,-)*(/)1#,$0$*.$'() *!!'"/$(2).').1-)+'!$*0)-.1'+)'%).1-)
I"-!'XD',*() +'!$-.6:) G'('#") 4-0'(2-/) .') 1$+) =-9$+1) +#%%-"-"+:) ;') #+-) S''"->+)
-&5"-++$'(8)@(.$'!1#+)1*/)4--()<%-,$($+-/<:)
3L7)S''"->+) 5*"*/'&$!*0) 9*6) '%)5"-+-(.$(2) 1$+)!*+-) $+) *.."*!.$A-:) R'") -&*,50-8) $() .1-)
S*!!*4-*() +.'"68) $.)9*+) .1-) <9-*J<) 91')1*/) /-%-*.-/) .1-) <+."'(2<8) <.1-) !'(P#-"-/<)
91')1*/) +1*,-/) <.1-) !'(P#-"'"<) *(/) +-0%X,*+.-"6) 1*/) /$+50*!-/) .1-) 5'0$.$!*0) ,*+.-"6)
'%) '.1-"+:) ?#!1) +$2($%$!*(.)5*"*/'&-+)*"-) *0+')5"-+-(.) $()E*#0>+)<,-++*2-)'%).1-) !"'++<)
3K) H'":) K:K[X\K7:) G'9-A-"8) $.) $+) $,5'".*(.) .') 5'$(.) '#.) .1*.) 91$0-) .1-) *#.1'") '%! -!
.#))#/001) 1*/)!'(+."#!.-/)*)=-9$+1)A-"+$'()'%),*+!#0$($.68)$.)9*+) +.$00) 0*"2-06)4*+-/)'()
.1-) G-00-($+.$!)+'!$*0) -.1'+) *(/) A*0#-+) '%) .1-) 9'"0/) '%)@(.$'!1#+8) .1-) 5*2*() .6"*(.:)
! H I
$ ^)43,./$03A)\4)/7!*+&!"#:&! N3@#,;! <!O&@2,2,&! )=&#:! 2,!.+&!P#-:/! H+4-$+$ 9O,&VX-&(@:$0(@bN.3,$>$
a.(X3)((7$ B55GD7$ BB"$
CH$
S''"-)1*+).1#+)('.-/)*)A-"6)+$2($%$!*(.)5"'40-,)$().1-)S*!!*4-*() *#.1'">+) !'(.$(#$.6)
9$.1) .1-)G-00-($+.$!)."*/$.$'() 9$.1) "-2*"/+) .'),*+!#0$($.6`)<A$!.'"6) $+) *!1$-A-/) $()T)
S*!!*4--+) '(06) 46) *!!-5.$(2) *(/)"-*%%$",$(2) .1-)/',$(*(.) 1$-"*"!1$!*0)!'(.$(##,)
*0'(2)91$!1)"#0-")*(/)"#0-/8),*+.-") *(/)+0*A-8),*0-)*(/)%-,*0-)9-"-)5'+$.$'(-/:<LM_)
N1$0-) S''"-)$+)50-*+-/) .')+--)<.1-)-0$.-8) 1-2-,'($!) !'(!-5.) '%),*+!#0$($.6<)4-$(2)
,'/$%$-/) 46!-!.#))#/001) 46)-0-A*.$(2) +-0%X,*+.-"6) '") +-0%X!'(."'0)'A-") ,*+.-"6)'%)
+'!$*0)$(%-"$'"+8).1-)'0/)I"-!'XD',*()-.1'+)"-,*$(-/)4*+$!*006)#(!1*00-(2-/:)YA-()$(!-!
.#))#/001) $.+-0%) $.)9*+) +.$00) .*J-() %'")2"*(.-/) .1*.) 9',-()9-"-) <5"-/-+.$(-/<) .')4-)
+#4+-"A$-(.) .'),-(:)W().1-)-(/)$.)9*+) +.$00) ,*+!#0$($.6)'"),*(0$(-++) .1*.) 9*+)4-$(2)
20'"$%$-/:);1-)=-9$+1),*".6"+>) A$!.'"6) 'A-").1-$")5*2*() '55"-++'") 9*+)'(06)'(-)+$/-)'%)
.1-) +.'"6:) ;1-)'.1-") +$/-) '%).1-) +.'"6) 9*+).1-) +$,50-) %*!.) .1*.) .1-+-) ,*".6"+) 9-"-)
<$,50$!*.-/)$()*)!'(.-+.)'%),*(1''/).1*.)$+)$.+-0%) $(1-"-(.06)'55"-++$A-:<LM[) ;1-)5'$(.)$+)
A-"6)9-00),*/-:)
W(!-!.#))#/001) .1-)*#.1'")1*/),*/-)*)"-,*"J*40-)!'(."*+.)4-.9--() 1'('#")*(/)+1*,-:)
@+)/-?$0A*)1*+)"$21.06)!',,-(.-/`)<.1-)*#.1'")/'-+)('.)!'(+$/-") %'")*),',-(.).1*.).1-)
.'".#"-+)*(/)516+$!*0)'#."*2-+) .'),*".6"+>)4'/$-+) *%%-!.).1-$")1'('#")$()*(6)9*6:)N1$0-)
+#!1) ."-*.,-(.) $+).1'#21.).')$(!0#/-).1-)/-+."#!.$'()'%)*)5-"+'(>+) 1'('#") *(/)50*!-)$()
+'!$-.68) %'").1-),*".6"+) $.) $+)*) +$2() '%)1'('#":<LMV) Q().1$+) A-"6) +$2($%$!*(.)5'$(.!-!
.#))#/001) /$%%-"+) ,*"J-/06) %"',) I"-!'XD',*() 5-"!-5.$'() *(/) *55*"-(.06) !',-+)
!0'+-").').1-)!"#!$%$&$'()'%)=-+#+)$()91$!1)=-+#+)+#%%-"-/)2"-*.) 4'/$06) </$+1'('#"<)*(/)
<+1*,-<:) E*#08) $() 1$+) $,$.*.$'() '%) H1"$+.8) 9*+) -A$/-(.06) ('.) *+1*,-/) '%) .1-)
</$+1'('#"$(2<)'%)1$+)4'/6)*(/)+5'J-) A-"6)'5-(06)*4'#.) $.:)K)H'":) T:VXK\)*(/)L)H'":)
cTU&&4)7$ TR+X./\$_,T7$!J!"$! H C
$ U&&4)7$ TR+X./\$_,T7$!J#"$! H 5
$ *)O.(N+7$ TR-)$%&'()$ ?&/,)3,:$K&/&<47$O-+@)7$ +/*$,-)$d-),&4.V+($O,4+,)\=$ &P$F$U+VV+'))3T7!608$B#$
9B55HD7$#BEHJ7$+,$HF"$
[^)
KK:LLX\L)*"-)2''/)-&*,50-+:)E*#0)J(-9)%#00)9-00) .1*.)91$0-).1'+-)+#%%-"$(2+)1-)"-%-""-/)
.')$()K)*(/)L)H'"$(.1$*(+)9'#0/)4-)!*#+-+)%'")+1*,-)*!!'"/$(2).')I"-!'XD',*()+'!$*0)
-.1'+8) *)5'$(.)91$!1) 1*+) 4--() ,*/-) +#%%$!$-(.06)!0-*") $().1-) +.#/6) '%)!"#!$%$&$'() 9$.1)
"-%-"-(!-) .') <4'/6) 0*(2#*2-<8) $.)9*+) *() 1'('#") %'").1-) +*J-) '%) .1-) <,-++*2-)'%) .1-)
!"'++<:) E*#0) #(/'#4.-/06) /-"$A-/)1$+) $(+5$"*.$'()*(/) +."-(2.1) %"',) .1-) !"#!$%$&$'()'%)
=-+#+)3K)H'":)L:L7:)
j(0$J-) .1-) S*!!*4-*() *#.1'") 91') "-*/$06) *!!-5.-/) .1-) I"-!'XD',*() -.1'+) *4'#.)
,*+!#0$($.68) 1'('#") *(/) +1*,-8) +."-(2.1) *(/) 9-*J(-++8) E*#0) 1*/) /-0$4-"*.-06)
/$+*++'!$*.-/) 1$,+-0%) %"',)+#!1)-.1'+)$()1$+),-++*2-)'%).1-)!"'++8) $(!0#/$(2).1-),*((-")
'%)1$+)*55-*"*(!-)*(/)+5--!1:)E*#0)1*/)-A$/-(.06)'5.-/)%'")*)!0-*"X!#.)/$+!'(.$(#$.6)9$.1)
.1-) +'!$*0)-.1'+)'%).1-).$,-)*+)%*")*+)1$+) 0$%-)*(/)9$.(-++)9-"-)!'(!-"(-/:) j0.$,*.-068)$.)
9*+) ('.) ,*(>+) 20'"6) .1*.) E*#0) +'#21.) 4#.) I'/>+8) *(/) 1$+) !',,$.,-(.)9*+) .') ."#-)
2'/0$(-++) *(/) ('.) ,*(0$(-++:) W() .-",+) '%) .1-) 5"-+-(.) .1-+$+) .1$+) 0*+.) 5'$(.) $+) ,'+.)
"-0-A*(.)*(/)+$2($%$!*(.:)
<B'40-) /-*.1<) $().1-)S*!!*4-*() ."*/$.$'(8) A-"6),#!1) 0$J-) .1-)I"-!'XD',*() ."*/$.$'(8)
9*+) *0+') 0*"2-06) *) 1#,*() 5-"!-5.$'(:) ;1-"-%'"-8) $() !',5*"$+'() .') .1-) /-*.1) '%) .1-)
S*!!*4-*(),*".6"+8)%'")$(+.*(!-8) .').1-)/-*.1)'%)Y0-*C*"8) .1-)/-*.1)'%)=-+#+)9*+)*0+')%*")
%"',)4-$(2)<('40-<:)
;1-"-) $+8) 1'9-A-"8) '(-) !',,'() -0-,-(.) $() E*#0>+) .1-'0'26) '%) .1-) !"'++) *(/) .1-)
S*!!*4-*(),*".6"/',).1*.),*J-+) *)!',5*"$+'()4-.9--() .1-).9')!*+-+),-*($(2%#08)$:-:8)
.1-) 2"-*.! "#$#%&') .1*.) $+) 5"-+-(.) $() 4'.1)!*+-+:) k#$.-) +$,$0*") .') .1-) E*#0$(-) !*+-)$()
91$!1).1-)5'9-")'%)I'/)9*+)4-0$-A-/).')1*A-)4--()"-A-*0-/)$().1-)<9-*J(-++<) '%)=-+#+>)
!"#!$%$&$'(8) .1-) 5*"*/'&$!*0)(*.#"-) '%).1-)S*!!*4-*() ,*".6"/',)$+) *0+') -A$/-(.)91-()
[_)
.1-)'0/)*(/) .1-)9-*J) 3Y0-*C*"78).1-)%-,*0-)3.1-)9$/'9-/),'.1-"7)*(/)1-") +-A-()6'#(2)
4'6+)#0.$,*.-06)."$#,51-/)'A-").1-)+--,$(206)+."'(2)*(/)5'9-"%#0:)
R$(*0068) .1-"-) $+) .1-) !"#!$*0! (%0@A(A+) $++#-) 91$!1) 9*+) *),*$()!'(!-"(8) ('.) '(06) $().1-)
S*!!*4-*(),*".6"/',8)4#.)*0+')$().1-)/-*.1)'%)=-+#+)*+)9-00) *+)$()E*#0>+) "-+5'(+-).').1-)
H'"$(.1$*() !"$+$+:) W.) $+) 1-"-) .1*.) O*"!0*6>+) -%%'".).')50*!-) .1-) .1-'0'26)*(/) +5$"$.) '%!-!
.#))#/001) *.) .1-) !-(."-) '%)=#/*$+,8) -+5-!$*006) $()"-0*.$'().') .1-) A$.*0) $++#-)'%)=-9$+1)
(%0@A(A+,) 4-!',-+) 5*".$!#0*") "-0-A*(.) *(/) 1-05%#0:) W() O*"!0*6>+) '5$($'(8) .1-) 2"-*.-+.)
!'(."$4#.'").').1-),*$(.-(*(!-) '%).1-)%#(/*,-(.*0)4'(/)'%).1-)-.1($!$.6)*(/) $/-(.$.6)'%)
.1-)=-9+)$()/$*+5'"*) 1*+) 4--(! A#!"#A$(#,) .1-)!#+.',+) 5*++-/)/'9()%"',)'(-)2-(-"*.$'()
.') .1-) (-&.:) O#.) #(%'".#(*.-068) $.) 9*+) .1$+) A-"6) +."-(2.1) 91$!1) '%.-() !*#+-/) .1-)
"-+-(.,-(.) '%)'.1-")-.1($!)!',,#($.$-+)91')!'(+$/-"-/) .1-)=-9+).')4-)<#(*++$,$0*40-<:)
G'9-A-"8)91*.)1*+) 4--()5-"!-$A-/)*+) '%%-(+$A-)46).1-)('(X=-9+) $+).1-)A-"6) /$+.$(!.$A-)
%-*.#"-8)(*,-06) .1-) =-9$+1) ."*/$.$'(8) 91$!1) 5"'A$/-+) .1-) $,5-.#+) %'").1-$") +#"A$A*0)$()
/$*+5'"*) %'") .9') ,'"-) ,$00-(($*8) #(/-") .1-) ,'+.) -&."-,-) *(/) /-A*+.*.$(2)
!$"!#,+.*(!-+:);1-)5"'40-,+)*(/)!1*00-(2-+) .1-6)%*!-).'/*6)*"-)-A-() 2"-*.-":L^Z)
;1-)S*!!*4-*() ,*".6"+)9-"-)!0-*"06)"-2*"/-/) *+)1-"'-+)*(/)"'0-),'/-0+) %'").1-) =-9+8)
-+5-!$*006)$().1-)!'(.-&.)'%)=-9$+1! (%0@A(A+3) G-(.-()1*+).1#+)+#22-+.-/) .1*.)4'.1)L)*(/!-!
.#))#/001) *..-,5.-/) .')</-*0) 9$.1) $++#-+)'%)+-0%X/-%$($.$'()*(/)=-9$+1) $/-(.$.6) $()4'.1)
HIA)K)
.1-)"-0$2$'#+X!#0.#"*0) *(/).1-)5'0$.$!*0) +51-"-+<:) ;1-),*".6"+>) "-%#+*0).')+#4,$.).').1-)
5*2*() "#0-") *(/) .1-$") +#4+-P#-(.) <('40-) /-*.1+<) 9-"-) '4A$'#+06) .*J-() *+) 5'9-"%#0)
L^L)
,*"J+)'%).1-$")=-9$+1! (%0@A(A+3!
M+4V(+=7!6&7'(!<<<J!
K)/,)/7!"#-./-'($ I"$
K)/,)/7!"#-./-'($ J7$ BB"$
[[)
;1-! 2=&,.2./) $++#-)$+) $,5'".*(.8)4-!*#+-).1-)H'"$(.1$*()5"'40-,)9*+) *0+')-++-(.$*006)*()
2=&,.2./! $-2'2') *(/)E*#0)!0-*"06).''J).1-),*..-") '%)H1"$+.$*(! 2=&,.2./) A-"6)+-"$'#+06) "$21.)
%"',) .1-) +.*".) '%) 1$+) H'"$(.1$*() 0-..-") 91-() 1-) +'0-,(06) "-,$(/-/) .1-) H'"$(.1$*()
H1"$+.$*(+).1*.).1-6)9-"-)<+*(!.$%$-/)$()H1"$+.)=-+#+8)!*00-/).')4-)+*$(.+<! Q-R/RJ##S2T132$(! T1!
l5$*;!$m) ;(''#8$ ^0n(.'0!a) 3&6$'$!a8) K)H'":)K:L78) *(/) .1*.) .1-6) 1*/) *0"-*/6) 4--() <!*00-/) $(.')
.1-)%-00'9+1$5)'%)1$+) fI'/>+g)?'(8)=-+#+)H1"$+.)'#")c'"/<) 3K:V7:);1*.)9*+).1-)H'"$(.1$*()
H1"$+.$*(+>) ."#-! 2=&,.2./J) @+) +#!18) $.)9*+) +1--") %''0$+1(-++) %'").1-,) .') .1$(J) .1*.) .1-6)
<4-0'(2).')E*#0<8) <@5'00'+<)'")<H-51*+<)3K:KL7:)@(/)+#!1),-(.*0$.6)91$!1) 1*/)!0-*"06)
0-/).').1-)A-"6)+-"$'#+) !'(%0$!.+)*(/)/$A$+$'(+)$().1-)H'"$(.1$*()!1#"!18)9*+) *)A-"6)!0-*")
$(/$!*.$'() .1*.) .1-) ."'#40-X,*J$(2)H'"$(.1$*(+) 9-"-) +.$00) A-"6) ,#!1) -(+0*A-/) 46) .1-)
+'!$*0)-.1'+)'%).1-) .$,-:)W.)9*+) !0-*"06)*(! 2=&,.2./) $++#-:)G*/).1-6) .*J-() .1-$")H1"$+.$*()
$/-(.$.6) +-"$'#+06)*(/)1*/)#(/-"+.''/) *00)$.+)5"'%'#(/)$,50$!*.$'(+)%"',).1-) 5-"+5-!.$A-)
'%) .1-)!"'++8) .1-6)9'#0/)('.)1*A-)4-1*A-/) $().1-)9*6).1-6)/$/:)@(/).1-6),'+.)!-".*$(06)
9'#0/)('.)1*A-)!1*00-(2-/)E*#0>+!@3=4'! 39&-#,=2J!
!"F$?4<V.P.e.&/$+/*$,-)$cV<43)c$
W.) $+) *0,'+.) $,5'++$40-) .') /$+!#++) .1-) ,*..-") '%) <('40-) /-*.1<8) -+5-!$*006) .1-) =-9$+1)
CU#1%#V31) 3K:L\78) 9$.1'#.) !'(+$/-"$(2) .1-) A-"6) $,5'".*(.) $/-*) '%) <!#"+-<) $() !0'+-)
!'((-!.$'()9$.1).1-)!"'++)'")<."--<:)
E*#0>+)"-%-"-(!-) .').1-)Q0/);-+.*,-(.) +!"$5.#"-+) .9$!-)$()K)H'":) KM:\8)T)X) <*!!'"/$(2).')
.1-)+!"$5.#"-+<$ 9^+4+)"*oa)65p*qa7)X) 9*+)A-"6)+$2($%$!*(.:)W.)!'#0/)+-"A-)*5'0'2-.$!*006)*+)
*)/$"-!.)"-+5'(+-).').1-) =-9$+1! #U#J1+#JV31) 35*".$!#0*"06)$()A$-9) '%)U-#.:)LK:L\7)*+) 9-00)
*+) .1-)I"-!'XD',*(+>) !1*"*!.-"$C*.$'() '%).1-) <,-++*2-)'%).1-) !"'++<) *+) <%''0$+1(-++<:)
j(%'".#(*.-068)E*#0)/$/)('.)5'$(.).')*(6)5*".$!#0*")5*++*2-)'")5*++*2-+)'%).1-) +!"$5.#"-+)
C5$
1-) !'#0/) 1*A-) $(),$(/) 91-() 1-)9"'.-) KM:\8)T:)G'9-A-"8)'(-) $+) (*.#"*006).-,5.-/) .')
"-!*00) W+*$*1) M\8)91-"-) .1-) /-*.1) 3AA:_X[78) 4#"$*0) 3A:V7) *(/) A$(/$!*.$'() 3"-+#""-!.$'(d7)
3AA:KZXKL7)'%).1-)<+#%%-"$(2)+-"A*(.<)9-"-)*00),-(.$'(-/)'")*.)0-*+.) $,50$-/:)
N1*.) E*#0) %*$0-/) .') /') $() K)H'":) KM:\8) T8) $:-:) 5$(5'$(.$(2) 5*".$!#0*") A-"+-+) '%) .1-)
<+!"$5.#"-+<8) 1-) /$/) $() I*0*.$*(+) \:K\8) 9$.1) +5-!$*0) "-%-"-(!-) .') .1-) U-#.:) LK:L\)
!'(!-"($(2)<.1-)!#"+-)'%).1-) 0*9:<) =#+.) 0$J-) K)H'":) KM:\8)T8)I*0:)\:K\) *0+')4-0'(2-/).')
.1-)A-"6)!'"-)'%)E*#0>+) 2'+5-0)'")<.1-),-++*2-)'%).1-)!"'++<8) *0.1'#21)$.+)-&5"-++$'()9*+)
/$%%-"-(.)%"',).1-)H'"$(.1$*()5*++*2-:)W().-",+) '%).1-)5"-+-(.) .1-+$+8) -+5-!$*006)'().1-)
!"#!$*0) $++#-+)'%)!"#!$%$&$'() *(/)<('40-)/-*.1<8)I*0:)\:K\) $+)'4A$'#+06)A-"6)$,5'".*(.8)
4-!*#+-).1-)A-"+-)$+)*4'#.) .1-!G#@@0$) '%)=-+#+>)/-*.1) $()"-0*.$'().')U-#.:)LK:L\:)@+)1*+)
*0"-*/6) 4--() ,-(.$'(-/8).1-)I"--J+) *(/)D',*(+>) !1*"*!.-"$C*.$'() '%)<.1-),-++*2-)'%)
.1-) !"'++<) *+) <%''0$+1(-++<) 9*+) 4*+$!*006) /#-) .') .1-! G#@@0$) '%) =-+#+>) /-*.18) $:-:8)
!"#!$%$&$'(:)@(/)*+) %*")*+).1-)#(4-0$-A$(2)=-9+)9-"-)!'(!-"(-/8)4-+$/-+).1-)5"'40-,)'%)
!"#!$%$&$'(8) 91$!1) %'").1-)I"--J+) *(/) D',*(+) 9-"-) 0*"2-06)*),*..-") '%) +'!$*0) -.1'+8)
.1-"-)9*+) *0+') .1-! $0*(J(&91) 5"'40-,)+#""'#(/$(2).1-)/-*.1) '%)=-+#+:);1$+)5"'40-,)1*/)
4*+$!*006) .') /') 9$.1) .1-) =-9+>) ,-++$*($!) -&5-!.*.$'() 3*) .'5$!) 91$!1) $+) '4A$'#+06)%*")
4-6'(/).1-)+!'5-)'%).1-)5"-+-(.) .1-+$+) .')/-*0)9$.17)*(/).1-)=-9$+1)#(/-"+.*(/$(2)'%).1-)
<!#"+-<) $()U-#.:)LK:L\:)
W() I*0*.$*(+) \:K\) E*#0) "-%-"+).')H1"$+.>+) +*!"$%$!$*0)/-*.1) $()!0'+-) !'((-!.$'()9$.1) <.1-)
!#"+-) '%) .1-) 0*9<)'%)U-#.:) LK:L\) 91$!1) 1*/) 4--() +-.) $()5*"*00-0)9$.1! >01?0$! K#?9G!
3TkK^V7)\XT) $)0$(-+)_X[) *(/! **L50G"*0) ^T)0$(-+)^XK\)46)F$2*-0)F*/$(: L ^ \) ='1()@00-2"')
! I 1
$ W"$ W+*./7$ TS)3-)4$%+-<@$9Ff$A%+-<@D$d)V&/3.*)4)*T7!)P6$!B$ 9B5JBD7$ BEB!"$ ?P"$1&3)A-$0"$g.,h@=)47$
T?4<V.P.e.&/$./$S+()3,./)7$f<@4+/7$ +/*$,-)$%)2$R)3,+@)/,T7$ ./!*3!<=1#,$&! .+&!C3'9&:;! A&7! *&'.#@&,.!
0.4=2&'$ 964+/*$ d+A.*3:$ a.((.+@$ M"$ [)4*@+/37$ B5CBD7$ B!HEFI"$ 1"$U"$M+<@\+4,)/7$ T;&)3$ RLK$ ./$ ,-)$
R)@A()$OV4&(($d)P)4$,&$?4<V.P.e.&/ci!6LM$5B$ 9B5J!D7$FJ!ECB"$U+e$a.(V&e7$TcjA&/$,-)$R4))cE;)<,$!B:!!E
!#$./$,-)$%)2$R)3,+@)/,T7!6LM$5I$9B5JJD7$ CHE55"$
VZ)
%$"+.)5#40$+1-/) .1$+)%"*2,-(.*"6!"01?0$) $()KVM^<) *(/).1-() $()KV_K)F*/$()5#40$+1-/)1$+)
'9() "-A$+$'(:);1$+) 5'".$'() '%) .1-! "01?0$) $(.-"5"-.+) B*1:) L:KLXKT8) 91-"-) .1-) %*00) *(/)
50#(/-"$(2) '%)B$(-A-1) 3^KL) OH7)*"-) .1-) ,*$() !'(!-"(:) ;1-) *#.1'"3+7) '%) .1-) k#,"*()
"01?0$,) *!!'"/$(2).')R$.C,6-"8)"-*550$-+) B*1#,>+) 9'"/+).').1-) +$.#*.$'()$()=#/-*)$().1-)
-*"06) K + .) !-(.#*"6) $()'"/-") <.')5"-+-(.) $.+) '9() $(.-"5"-.*.$'() '%)91*.) I'/) 1*+) /'(-).')
!-".*$()-0-,-(.+)$().1*.) 5-'50-:<L^M)
W.)1*+) 4--()2-(-"*006)*2"--/).1*.!>01?0$! K#?9G) "-%-"+).')*)1$+.'"$!*0)-A-(.) *!!'"/$(2).')
91$!1) U-,-."$#+) W W W) .1-) ?-0-#!$/) "#0-") 3VMX_[) OH7)9*+) $(A$.-/) 46) .1-) -(-,$-+) 3.1-)
E1*"$+--+7)'%)@0-&*(/-")=*((*-#+)3.1-)?*//#!--)1$21)5"$-+.8) KZ\X_^)OH7).')*++$+.).1-,)
$() =-"#+*0-,:) N1-() .1-) -&5*(+$'($+.) *(/) 9*"X0$J-) @0-&*(/-") =*((*-#+) -A-(.#*006)
"-2*$(-/) =-"#+*0-,8) 1-) 5#($+1-/) .1-) E1*"$+--+) 46) 5#40$!06) !"#!$%6$(2) .1-,) $()
=-"#+*0-,:L^^)@()*!!'#(.) '%).1$+)!"#-0.6)'%)@0-&*(/-") $().1-) ."-*.,-(.) '%)1$+)'55'(-(.+)
$+)'%%-"-/)46)='+-51#+:L^_)
;1-"-) *"-) /$%%-"-(.) $/-(.$%$!*.$'(+)'%).1-!"01?0$21) <c$'() '%)9"*.18<)*0.1'#21)1-) $+),'+.)
'%.-().1'#21.) .')4-)@0-&*(/-":)F*/$() 4-2$(+) 1$+)*"2#,-(.) %'").1$+)*++'!$*.$'() 9$.1).9')
'4+-"A*.$'(+`) 3K7)G-"-8).1-) <c$'()'%)9"*.1<)$+)I'/>+) $(+."#,-(.)3!%:)G'+-*)M:K\XKM78)*(/)
3L7) <N"*.1<)$() .1-) O$40-) $+),'+.) '%.-()*++'!$*.-/) 9$.1) I'/>+) *(2-":L^[);1-"-%'"-8) .1-)
<c$'() '%) 9"*.1<) 9$.1$() .1-! "01?0$) 9*+) "-2*"/-/) *+) I'/>+) b#/2-,-(.) *2*$(+.) .1-)
,5p(() 8HU;() 3>+--J-"+)'%)+,''.1) .1$(2+>7:)R$.C,6-")1*+) $/-(.$%$-/).1-)51"*+-)<+--J-"+)'%)
8)+,''.1) .1$(2+<) *+) .1-) E1*"$+--+8) .1-) '55'(-(.+) '%) .1-) <c$'() '%)N"*.1<)3r@0-&*(/-")
=*((*-#+7:)
1"$U"$0(()\4&7$ Tg<4,-)4$L.\-,$&/$,-)$K.3,&4=$&P$,-)$f<@4+/$O)V,T7!6LM$JH$9B5HID7$ C5E5H"$
g.,h@=)47$ T?4<V.P.e.&/T7$ B#G"$
g.,h@=)47$ T?4<V.P.e.&/T7$B#B"$
1&3)A-<37!<,.J$ B#"#J5ECGZ$VP"!LJ6J$B"5#EC"$
W+*./7$ TS)3-)4$%+-<@T7$#"$
g.,h@=)47$ T?4<V.P.e.&/T7$ B#BE!"$?P"$W+*./7$ TS)3-)4$%+-<@T7$B!"$
VK)
F*/$() +#22-+.+).1*.! **L50G"*0) ^T)0$(-+) ^XK\)$+) !0'+-06) "-0*.-/) .'!>01?0$! K#?9G,) .1-)
;-,50-) ?!"'00),*J-+) !0-*"-") .1-) *,4$2#'#+) !"$,-+) '%)U-#.:) LK:LLXL\8) .1-+-) *"-`) 3K7)
5'0$.$!*0) ."-*+'() +#!1) *+)!'(+5$"$(2).')1*(/'A-") '(->+)'9()5-'50-8) *(/)3L7)*..-,5.$(2).')
-+!*5-).1-) /-*.1) 5-(*0.6) 46) %0--$(2:)F*/$() *"2#-+) .1*.) .1-+-)+5-!$%$!)!"$,-+) *"-) 0$J-06)
"-%-"-(!-+) .') .1-) 1$+.'"$!*0) -A-(.+) !'(!-"($(2) U-,-."$#+) W W W)*(/) @0-&*(/-":L_Z) ;1-)
"(5p(() >.-"() 9'#0/) 1*A-) 5*++-/) '() $(%'",*.$'().') U-,-."$#+) GW8)91$!1) 0-/) .') .1$+)
/$+*+.-")$()=-"#+*0-,:L_K);1-) *9%#0)-A-(.+)*"-)/-+!"$4-/) 46)='+-51#+`)$().1-)9*J-)'%).1-)
!"#!$%$&$'(+8).1-)[8ZZZ)"-4-0+)0-*"().1*.)@0-&*(/-")%'"!-/).1-)%*,$0$-+)'%).1-)!"#!$%$-/).')
9*.!1).1-)-&-!#.$'(8)*00).1-)91$0-) 0''J$(2)'()*+)1-)!'(+'".-/) 9$.1) 1$+)!'(!#4$(-+) X) .1$+)
L_L)
+.'"6)0-/).1-)'55'(-(.+).')%0--)$()1'""'":)
@+) 9-) 1*A-) +--(8) .1-) ?-0-#!$/) 4*!J-/) E1*"$+--+) 91') 5*++-/) $(%'",*.$'()'() .') .1-)
-(-,68) .1#+) !'(+$/-"-/) ."-*+'(+8) 9-"-) !"#!$%$-/:) ;1-) 5#"5'+-) '%) 1*(2$(2) 9*+) ('.)
,-"-06) .') $(%0$!.) .1-) 2"-*.-+.) 5*$() *(/) +#%%-"$(2)'() .1-) A$!.$,8) 4#.) *0+') .') +-"A-) *+) *)
5#40$!) /-.-""-(!-:) G'9-A-"8! **L50G"*0) ^T) 0$(-) KL8) 91$!1) "-9"$.-+) U-#.:) LK:LLXL\8)
$(+."#!.+) .1*.) -&-!#.$'() ,#+.) 4-) %'00'9-/) 46) 4#"6$(2) .1-) 1#(2) !'"5+-) 4-%'"-)
+#(/'9(:L_T) ;1-)$(+."#!.$'()$+)+--().')4-)$()0$(-)9$.1).1-);'"*1)$()+#!1)!*+-+:)
F*/$() +--J+) .') "-+.'"-) 0$(-+) _X[) '%! >01?0$! K#?9G) *+) %'00'9+`! M(A1! (@A0$"$0A#A(&@!
)&@)0$@1! A?0!D(&@! &I!E$#A?) f91':::)+-(.-(!-)'%g!%0#A?) ,5p,) >..(() 3*(/7!E?&!?#@J1!G0@!
#*(80! N&@! A?0! A$00! #1! A?(1! (1! A?0! *#EO! (@!P1$#0*! #1! &I! &*%! 1(@)0) .1-) 1*(2-/) '(-) $+)!*00-/)
*0$A-)'().1-)."--:<L_M) F*/$()-&50*$(+) .1*.) .1-)2"'#5)4-1$(/).1-!"01?0$,) +."$!.)'4+-"A-"+)'%)
.1-) O$40-8) !'#0/)1*A-)4*+-/) .1-$") $(.-"5"-.*.$'() '() .1-) !#+.',+) '%) *(!$-(.) W+"*-0) 9$.1)
"-%-"-(!-) .')U-#.:)LK:)F*/$() 5'$(.+).')='+1:)[:L\XLV)91-"-) .1-) J$(2)'%)@$) $+)+--().')4-)
G
$ W+*./7$ TS)3-)4$%+-<@T7$CE5"$B
$ 1&3)A-<37!<,.J$ B#"#JIEC#"$!
$ 1&3)A-<37!LJ6J$B"5JEC"$#
$ W+*./7$ TS)3-)4$%+-<@T7$5"$F
$ g.,h@=)47$ T?4<V.P.e.&/T7$ B#F"$H
$ W+*./7$ TS)3-)4$%+-<@T7$B!"$
VL)
!"#$%&' "()*%+' ,-.' !)/' 0123/%' )/' .2%".%&' "0012&)#$' .1' .!%' 2%$-(".)1#/' 14'5%-.6'786796'
:).;<=%2+'>!1'"00%3./'.!%' 3("-/),)().=' 14'?"&)#@/' 2%/.12".)1#+'/-$$%/./'.!".' .!%2%' )/'1#%'
01<<1#' )&%"' "<1#$' *"2)1-/' 2%/.12".)1#/A' .!".' .!%' $21-3',%!)#&' .!%! "#$%#&' %B32%//%/'
!12212'".'/-0!'02-0)4)B)1#67 C C'
D 4' ?"&)#' )/' 2)$!.' )#'/%%)#$' "'01##%0.)1#' ,%.>%%#! '#$%#&! ()%*+' "#&! ,-.#+"/#0' "#&'
.!".' E.1'!"#$E' )#',1.!'0"/%/'2%4%2/'.1' 02-0)4)B)1#+' .!%' )<3()0".)1#' )/' .!".' F1<"#/' >%2%'
#1.'.!%'1#(='1#%/')#'G"(%/.)#%'.1'-/%'.!)/'<1&%'14'%B%0-.)1#67CH'
I!%'%*)&%#0%' 421<'J-<2"#+'412'.!)/'/.-&=+' )/'%/3%0)"((=' /)$#)4)0"#.',%0"-/%').'<"K%/'"'
0(%"2'01#.2),-.)1#'.1'("#$-"$%' "//10)".%&'>).!' 02-0)4)B)1#6'L).!)#'%"2(='M%>)/!'().%2".-2%'
.!%2%' )/' "' 3"-0).=' 14' 2%4%2%#0%/' -/)#$' /-0!' ("#$-"$%' "/' E.1' !"#$! )/12#' 1#' .!%' .2%%E'
!"#$3! 456&7%&'()'%/3%0)"((=')#'01##%0.)1#'.1'5%-.%21#1<='N78677'3' O' #P2#Q6'
I!%' /.-&=' 14' .!%' J-<2"#' .%B./' )#' 2%(".)1#' .1' 5%-.6' 78677R79' !"/' *%2='/)$#)4)0"#.'
)<3()0".)1#/' 412' .!%' 02-0)4)B)1#' 14'M%/-/+' %/3%0)"((=' )#' 01##%0.)1#' >).!' S"(6' 9689+' "'
3"//"$%'!)$!(=' 2%(%*"#.' 412'.!%'&)/0-//)1#' ",1-.'E#1,(%'&%".!+E'12+')#'.!%'0"/%'14'M%/-/+'
E)$#1,(%' &%".!6E' I!%'0"/%')/'>%((' 3-.',=':).;<=%2+'>!1',%$)#/' !)/'%B3("#".)1#'>).!' "'
/.".%<%#.' .!".'.!%!8"1918! :8++*91$' )/'.!".!'#$%#&! ()%*+' 2%4%2/'.1'T(%B"#&%2'02-0)4=)#$'
!)/' %#%<)%/6' I!-/+' .!%/%' ()#%/' 14' .!%! "#$%#&' "2%' "' E<)//)#$' ()#KE' )#'32%RU!2)/.)"#'
G"(%/.)#)"#'>2).)#$/' .!".' .!%2%'>%2%'M%>/'>!1'01#/)&%2%&' E!"#$)#$E'U)P#Q+' )#'2%4%2%#0%'
.1'5%-.6'78677R79+'"/' "'>"='.1'&%/02),%' 02-0)4)B)1#6'V%412%'.!)/'%*)&%#0%+' E!"#$)#$'1#'"'
! " #
$ %&'()*$ +,-./-0$1&/23+*$45647$! " "
$ 8(9:3;-0*$ +<02=(>(?(@)+*$ 4A!7$! " B
$ 8(9:3;-0*$ +<02=(>(?(@)+*$ 4AC7$D)-$3(E/9$ &''$9/&9$F-G.$()$9/(.$H-0(@'$G@2I'$ I(J-I;$)@9$/&K-$&==-H9-'$
=02=(>(?(@)$ &.$ &)$ &==-H9&LI-$ G&;$ 9@$ '-&I$ G(9/$ 9/-(0$ -)-3(-.$ 6$ G/-9/-0$ >0@3$&$ MI-E&IM$ @0$M0-I(E(@2.M$
H-0.H-=9(K-7$N/-$&0E23-)9$@>$%&'()$H@()9.$9@$&)$2)'-0.9&)'()E$@>$=&2.-.$>@0$=02=(>(?(@)$()$O-297$!4$&)'$&$
P@.&(=$()Q2)=9(@)$>@0$'-&I()E$G(9/$&[email protected]$&>9-0$=02=(>(?(@)7$D)-$G@2I'$.2.H-=9$9/&9$9/-$MR(@)$@>$S0&9/M$
&.$TI-?&)'-0$G@2I'$ @)I;$ /&K-$ L--)$ -)'@0.-'$ L;$ 9/-$ U230&)(9-.$()$.@$ >&0$&.$ /-$G&.$ &)$ ().9023-)9$@>$
Q2'E-3-)9$ &E&().9$ 9/-$G(=J-'$90-&.@).7$V@G-K-0*$G(9/$9/(.$.&('*$9/-$&29/@0W.X$@>$ 9/-%*+,-+.$ G@2I'$/&K-$
L-I(-K-'$TI-?&)'-0%/0,1$ 9@$L-$&)$-)-3;$@>$Y.0&-I7$
ZA$
.2%%E' >"/' 14.%#' %B3(")#%&' )#' 2%(".)1#/!)3' .1' .!%' 02)<%' 14! "#&;*#//18' N!)$!R.2%"/1#Q+'
>!)0!'>"/'3-#)/!%&' >).!)#' .!%'F1<"#'W<3)2%',='.!%'3%#"(.='14'02-0)4)B)1#6'X1>%*%2+'
%*%#' ,%412%' .!%!"#$%#&0' ).'>"/' #%*%2' &1-,.%&' .!".' 02-0)4)B)1#'>"/' 32"0.)/%&' )#'F1<"#'
G"(%/.)#%+' >!%.!%2' ,=' .!%' F1<"#/' 12' T(%B"#&%2' )#'X"/<1#%"#' .)<%/6' X1>%*%2+' .!%'
"33()0".)1#' 14'5%-.6' 78677R79' .1'02-0)4)B)1#' !"/' ,%%#'3-;;()#$+'"#&' #%"2(='-#)*%2/"((='
."K%#' 412'$2"#.%&' )#' 01<<%#."2)%/6' I!%' /)$#)4)0"#0%'14' .!%! ()%*+! '#$%#&' )/' .!".' ).'
321*)&%/' .!%'%B.2"R,),()0"('&10-<%#.".)1#' .1'/!1>' !1>'5%-.%21#1<='78679' >"/' ()K%(='
)#.%232%.%&',='M%>/'".'.!)/'.)<%A'.1',%'!-#$'1#'"'.2%%')/'-#&%2/.11&'"/'02-0)4)B)1#67 C Y'
D#' S"(6'9'"#&'Z'G"-('-/%&' .!%' /.12='14'T,2"!"<')#'S%#%/)/'.1'"2$-%'412'!)/'&10.2)#%'14'
[-/.)4)0".)1#',=' 4").!6'S"(6'9689' >"/'3"2.' 14'.!%' 4)2/.'14'41-2'<)&2"/!)0'&%*%(13<%#./'14'
.!%'T,2"!"<'/.12=')#'S%#%/)/6'I!%' 4)2/.'<)&2"/!)0'&%*%(13<%#.' >"/' 41-#&')#'S"(6'96\R
8]6' ^."2.)#$' 421<' S%#6' 8]6\' G"-(' )#' S"(6' 96\R8]' 01#0(-&%&' .!".' .!%' .2-%' 0!)(&2%#'14'
T,2"!"<' >%2%' .!1/%+' ()K%' .!%'U!2)/.)"#/+'>!1'!"&'3-.' .!%)2' 4").!' )#'S1&6'V=' 01#.2"/.+'
!1>%*%2+' E"(('>!1' 2%(=' 1#' .!%' >12K/' 14' .!%' (">' "2%' -#&%2' "' 0-2/%_' 412' ).' )/' >2)..%#+'
@0-2/%&' )/'%*%2=1#%'>!1'&1%/'#1.'1,/%2*%' "#&'1,%='"(('.!%'.!)#$/'>2)..%#' )#'.!%',11K'14'
.!%'(">E'N968`Q+'>!)0!'>"/'0(%"2(='"'2%4%2%#0%'.1'5%-.+'7C67\6'
T(.!1-$!' G"-(' )#' S"(6' 96\R8]' &)&' #1.' 2%4%2' .1' .!%' 02-0)4)B)1#' 14' M%/-/' %B3()0).(=+'
02-0)4)B)1#'12'.!%'021//'>"/'a-).%'0(%"2(=')<3()%&' )#'9689'>!%#'G"-(',1(&(='&%0("2%&' .!".'
EU!2)/.' 2%&%%<%&' -/' 421<' .!%' 0-2/%' 14' .!%' (">' ,=' ,%01<)#$' "' 0-2/%' 412'-/E' >).!' "'
/3%0)4)0' 2%4%2%#0%' .1' 5%-.6' 78679A' E0-2/%&' )/' %*%2=1#%' >!1' !"#$/' 1#' "' .2%%E6' D.' )/'
)<312."#.' .1'#1.%' .!".'G"-(' )#'!)/'2%4%2%#0%' .1'5%-.6'78679' )#'S"(6'9689' 1<)./'E,='S1&E'
"#&'"&&/'E1#'"'.2%%+E'>!)0!')/'#1.'41-#&')#'.!%'bI+',-.')#'.!%'cdd+',%0"-/%'>).!1-.'.!%'
E.2%%E' ).'>1-(&' ,%' &)44)0-(.'.1' ()#K'5%-.6' 78679' .1'.!%'!"#$)#$' 14'M%/-/'1#' .!%' E021//E6'
WB%$%.)0"((=+' ).'!"/' ,%%#' &)44)0-(.'.1' ."K%' .!%' E.2%%E' )#'5%-.6' 78679' "#&' "33(=' ).'.1' .!%'
! " Z
$ 8(9:3;-0*$ +<02=(>(?(@)+*$ 4A#6"7$
Z[$
E021//E'14'M%/-/6'I!%'J-<2"#' .%B./' /%%<'.1'!"*%'a-).%'0(%"2(=')#&)0".%&'.!".' .!%2%'>"/'
)#' 4"0.'"'32%RU!2)/.)"#'-#&%2/."#&)#$' 14'02-0)4)B)1#'"/' "'E!"#$)#$' 1#'"'.2%%E' "#&'.!)/')/'
%/3%0)"((=' .2-%'14'ZJ3e"!6'I!)/'/)$#)4)0"#.'4)#&)#$'321*)&%/' "'<1/.' )<312."#.'E<)//)#$'
()#KE' 412'.!%' -#&%2/."#&)#$' 14'G"-(@/' "2$-<%#.".)1#+' %/3%0)"((=' )#'S"(6' 96' G"-(+' )#'"#'
E"#"(1$1-/E' >"=+' !"&' "(/1' 2%(".%&' 5%-.6' 7C67\' .1' 5%-.6' 78677R79' .1' %B31-#&' !)/'
*)0"2)1-/'"#&'/1.%2)1(1$)0"('.!%1(1$=6'I1'"33(='.!%'E!"#$)#$E')#'5%-.6'78679' .1'M%/-/')/'
%*)&%#.(=' "'U!2)/.)"#! 5%#8/8<8*+#9890' >!)0!' )/'-#&%2/."#&",(=' #1.' .1',%' %B3%0.%&' )#'"'
J-<2"#' .%B.67 H `'
D#' .!%' /.-&)%/'14':).;<=%2+'?"&)#' "#&' 1.!%2/+' .!%'J-<2"#' .%B./' )#'2%(".)1#' .1'S%#6'77+'
5%-.6' 78' "#&' S"(6' 9' "(/1' !"*%' 1.!%2' )<3()0".)1#/6' :12' .!%' 32%/%#.' /.-&=' 1#' E#1,(%'
&%".!E+' %/3%0)"((=' >).!' 2%4%2%#0%' .1'.!%' 02-0)4)B)1#'14'M%/-/+').')/' /-44)0)%#.'.1'K#1>'.!".'
"' *)."(' ()#K',%.>%%#' .!%'E.2%%E' )#'5%-.6'78679' NcddQ' "#&' .!%'E021//E')#'S"(6'9689'01-(&'
,%' %/.",()/!%&' %*%#' )#'32%RU!2)/.)"#' .)<%'1#'.!%'/.2%#$.!' 14'.!%'J-<2"#' .%B./6'T/'4"2'"/'
G"-(' >"/' 01#0%2#%&+' ).'>"/' /-44)0)%#.'.1'"2$-%'.!".' >!".'>"/' "'E0-2/%E' )#' .!%' (">'!"&'
#1>'.-2#%&'1-.'.1',%'S1&@/'<%"#/'14'/"(*".)1#'412'"((+'>!%.!%2' /-0!' &%".!' 14'M%/-/'>"/'
2%$"2&%&' "/' E#1,(%E' 12' #1.6' W*%#' )4' ).' /!1-(&' ,%' 2%$"2&%&' "/' E)$#1,(%E' ,=' .!%'
-#,%()%*)#$' >12(&+' >!%.!%2' M%>)/!' 12'S2%01RF1<"#+' G"-(' >1-(&' "2$-%+' "/' !%' &)&')#'8'
U12)#.!)"#/' 868HR98+'.!".'S1&')#'!)/' .2-%!88=>1)'!"&' )#'4"0.'-/%&'.!%' E)$#1,(%E'.1'/!"<%'
.!%' E#1,(%E6' D#' *)%>' 14' G"-(@/' 01#/)/.%#.' -/%/' 14' 3"2"&1B%/' )#' .!%' U12)#.!)"#'
0122%/31#&%#0%+' 1#%' 01-(&'3%2!"3/'a-).%' /"4%(=' )#4%2'.!".' .!%' 02-0)4)B)1#' 14'M%/-/'>"/'
412'G"-(' "#' E)$#1,(%E'&%".!' "0012&)#$' .1'01#*%#.)1#"('/10)"('%.!1/'14'>!)0!'!%'<-/.' ,%'
"//-<%&' .1' ,%' *%2=' K#1>(%&$%",(%6' f.!%2>)/%' !)/' E<%//"$%' 14' .!%' 021//E' >1-(&' #1.'
!"*%',%%#'/-0!'"',("."#.' )#*%2/)1#'14'.!%'0-22%#.'/10)"('%.!1/6'
8(9:3;-0*$ +<02=(>(?(@)+*$ 4AB7$
ZC$
!7C$<@)=I2.(@)$
f#'.!%'<"..%2'14'E#1,(%'&%".!E+' ).'<"=',%'2%(%*"#.'"#&'!%(34-('.1'<"K%'"' 021//R2%4%2%#0%'
.1'F1<"#/' ]6\RH' )#'>!)0!'G"-('<"&%' "'*%2='/)$#)4)0"#.',-.'2"2%'2%<"2K'",1-.'.!%'&%".!'
14' U!2)/.6' I!%' &%".!/' 14' ^102".%/' "#&' .!".' 14' .!%' b"00",%"#' <"2.=2/' >%2%' )#&%%&'
E#1,(%E+' ,%0"-/%' .!%=' &)%&' #1.' 1#(=' 412'.!%</%(*%/+' ,-.' "(/1' 412'1.!%2/' N32%/-<",(='
)#0(-&)#$'.!%'E2)$!.%1-/E'"#&'.!%'E$11&E'"(/1Q+'412'#".)1#'"/' >%((' "/'412'S1&6'I!%'/"<%'
>"/',"/)0"((='.2-%'>).!'U!2)/.+'%B0%3.' "/'G"-('!"/' /)$#)4)0"#.(='!)$!()$!.%&+' "#&'"'31)#.'
>!)0!' /%%<%&' .1' ,%' <)//)#$' )#' .!%' E#1,(%' &%".!E' 14',1.!' S2%01RF1<"#' "#&' M%>)/!'
.2"&).)1#/+' .!%'&%".!' 14'M%/-/'>"/' 412!?$199#&$?0' 3%13(%'>!1'>%2%!985!@8&5%' &=)#$'4126'
^-0!' "#' "0.' 14' U!2)/.' )/' #".-2"((=' /-,[%0.' .1' *"2)1-/' *"(-%' [-&$%<%#./+' %*%#'
&)"<%.2)0"((='1331/%&' *"(-%'[-&$%<%#./6':12'.!%'0=#)0"(' "#&'.!%'-#,%()%*)#$+'.1'&)%'412'
E/)##%2/E' N3%13(%'#1.'>12.!' &=)#$' 412Q+'>"/' /-2%(='"'<1/.' 411()/!'"0.6'f#'.!%'01#.2"2=+'
412' .!%' ,%()%*)#$'N3%13(%' >!1' "2%' 01#/0)1-/' 14' .!%)2' 1>#' /)#4-(#%//Q' ).' >"/' "'<1/.'
/%(4(%//'"#&!987/#' "0.'R' 412'1#%!#2#9' .1'&)%'412'.!%'-#>12.!='"#&')$#1,(%'/)##%2/6'
I!%'/.-&='14'02-0)4)B)1#')#'"#.)a-).='!"/' /!1>#'.!".'.!%'02-0)4)B)1#'14'M%/-/'>"/'"'<1/.'
1<987/#' &%".!' "/' 4"2'"/' .!%'-#,%()%*)#$'>12(&'>"/'01#0%2#%&6'I!)/'>1-(&'01#.2"/.'<1/.'
/.21#$(='>).!'.!%'01#0%3.'14'E#1,(%'&%".!E'"0012&)#$'.1'.!%'/10)"('%.!1/'14'.!%'.)<%6'I!%'
0("//)0' %B"<3(%' 14'#1,(%'&%".!' )#'.!%'S2%01RF1<"#' .2"&).)1#' >1-(&' <1/.' 321,",(=',%'
.!%'&%".!' 14'^102".%/+' .!%'3!)(1/13!%2!")&! #A:#//#9:#B' :12'.!%'M%>/+' .!%'0("//)0' %B"<3(%'
>1-(&'<1/.'()K%(=',%'.!%'<"2.=2&1<'14'.!%'b"00",%%/6'
U1-(&' "#=' <%"#)#$4-('01<3"2)/1#' ,%' &2">#' ,%.>%%#' ^102".%/' "#&' U!2)/.' "/' >%((' "/'
,%.>%%#'U!2)/.'"#&'.!%'b"00",%%/' 1#'.!%')//-%'14'&%".!g'I!%'"#/>%2'<"=',%',1.!'E=%/E'
"#&' E#1E6'?%/+',%0"-/%' ()K%' ^102".%/'>!1'&)%&' 412'!)/' E<)//)1#E'N>!)0!' )#0(-&%&'.!%'
Z#$
a-%/.'412'.2-.!+'.2-%'>)/&1<'"#&'3!)(1/13!='"/'>%((' "/'412'.!%'3%13(%'14'T.!%#/Q'"#&'.!%'
b"00",%%/' N>!1'&)%&' 412'4").!' "#&' 01#*)0.)1#+'"/' >%((' "/' 412'#".)1#' "#&' S1&Q+'M%/-/'
U!2)/.' "(/1' &)%&' 412'!)/' E<)//)1#EA'412'!-<"#).=' "#&' 412'S1&6'V-.' "' &%4)#).%'E#1E' .1'
01<3"2)/1#+'"/' 4"2'"/' .!%!+)99#&' 14'U!2)/.@/' &%".!'>"/'01#0%2#%&+',%0"-/%'.!%! +)99#&!
14'U!2)/.@/'&%".!'>"/'<1/.! 1<987/#0' 412'2%"/1#/'>!)0!'"2%'/%(4R%*)&%#.'421<'.!%'/.-&='14'
02-0)4)B)1#' )#' "#.)a-).=6'I1'3-.' ).'*%2=' /)<3(=+'.!%' 02-0)4)B)1#' 14'M%/-/'>"/' .!%' <1/.'
1<987/#' &%".!' )#'.!%'%=%/'14'.!%'S2%01RF1<"#+'>12(&+'"#&'"'.%22),(%'E0-2/%E' "0012&)#$'.1'
.!%'X1(=' ^02)3.-2%' N5%-.6'78679Q'14'.!%' M%>/6'V-.!")&);8A1:)//>0' ).')/' .!)/'E#1E'/)&%'14'
.!%' 01<3"2)/1#+' %/3%0)"((=' ,%.>%%#' ^102".%/' "#&' U!2)/.+' .!".' )/' <1/.' /)$#)4)0"#.+'
2%*%"()#$'"#&'0!"((%#$)#$'421<'.!%'U!2)/.)"#'3%2/3%0.)*%+' ,%0"-/%').',2)#$/'1-.'/!"23(='
.!%' -#)a-%#%//' 14'U!2)/.' 02-0)4)%&+'<"K)#$'.!%'<%//"$%'14' .!%' 021//' /-0!' -..%2$ 2?@H(&$
"#&$ &\&K]@'@K' .1'.!%'>12(&+'.-2#)#$')./'%.!1/'.1."((='-3/)&%'&1>#6'b12%1*%2+'"0012&)#$'
.1' .!%' <")#' 0".%$12)%/' 14' .!%' 02-0)4)%&' *)0.)</' >!)0!' !"*%' ,%%#' )&%#.)4)%&' %"2()%2+'
#"<%(=+'.!%'02-0)4)B)1#'14'2%,%(/+' (1>'0("//'3%13(%+'/("*%/+'M%>/+'U!2)/.)"#/'"#&'F1<"#/+'
M%/-/'01-(&',%'/")&'.1'!"*%'&)%&'.!%'&%".!' 14!)//'.!%'0".%$12)%/+' %B0%3.' .!%'F1<"#/'>!1'
>%2%' &)/.)#$-)/!%&' 421<'"(('.!%' 2%/.6'I!)/'31)#.')/'32141-#&(='/)$#)4)0"#.')#'2%(".)1#'.1'
.!%'E411()/!#%//E'14'E.!%'<%//"$%'14'.!%'021//E6' T/'!"/' "(2%"&=',%%#'31)#.%&'1-.'%"2()%2+'
U!2)/.' 0(%"2(='&)%&'"/' "' K)#&' 14'E2%,%(E' )#'.!%'%=%/'14'.!1/%'>!1'&)&'#1.'!"*%'.!%' .2-%'
3)0.-2%'",1-.' ).+'"(.!1-$!' "0012&)#$'.1' .!%'>).#%//' 14'$1/3%(' >2).)#$/' G)(".%' !"&'41-#&'
#1'02)<%')#'U!2)/.6'
h"(-%'[-&$%<%#./' "/)&%+' .!%'31)#.'.!".' )/' 2%"((='/)$#)4)0"#.'"#&' )<312."#.'!%2%'>"/' .!".'
.!%! +)99#&' 14'U!2)/.'&%".!' >"/'<"2K%&(='&)44%2%#.' 421<'!)/'S2%01RF1<"#' "#&'M%>)/!'
01-#.%23"2./6' D#'.!%'%#&'1#%'01-(&'1#(='01#0(-&%' .!".' ).'>"/' .!%!+)99#&' 14'M%/-/@' &%".!'
N)6%6+! :&*:1=1A189C' .!".'>"/! 1<987/#' "#&'01#/%a-%#.(=' <"&%'E.!%'<%//"$%'14'.!%'021//E'"'
/.-<,()#$',(10K'.1'M%>/'"#&' 411()/!#%//' .1'S%#.)(%/E' N8'U126'8679Q6' X"&'U!2)/.'&)%&')#'
"#1.!%2' >"=! 19$5#);! 8=!:&*:1=1A1890' >1-(&' ).'<"K%' "'/)$#)4)0"#.'&)44%2%#0%'.1'.!%'"#0)%#.'
Z"$
>12(&@/' "..).-&%'.1>"2&/' !)<'"#&' .1'.!%'<%//"$%'",1-.' !)<g'G21,",(=' =%/+',%0"-/%+'".'
(%"/.' )#' .!%' U12)#.!)"#' 01#.%B.+' ).' >"/' 0(%"2(=' .!%' E021//E' N1B"-31$Q' .!".' <"&%' .!%'
<%//"$%'",1-.' ).'E411()/!#%//E$ WQ(=@HR&X7'I!)/'/!1>/' =%.'"$")#' .!".' .!%'021//'>"/'2%"((='
5%#! 1$$*#' )#' G"-(@/' 2%/31#/%' .1' .!%' U12)#.!)"#' 02)/)/' "/' >%((' "/' .1' .!%' >12(&@/'
0!"2"0.%2);".)1#' 14'E.!%'<%//"$%'14'.!%' 021//E' "/' E411()/!#%//E6'T/'.!)/'.!%/)/' "..%<3./'
.1' /!1>+' ).')/! 5%#! :&8$$' .!".' !"/' .-2#%&' .!%' >12(&' -3/)&%' &1>#',=' .!%' )#*%2/)1#'14')./'
/10)"(' %.!1/6'
I!)/' .!%/)/'!"/' #1'321,(%<'/-,/02),)#$'.1' .!%'*)%>/'14'^%%(%=+' 521$%'"#&'X%#.%#' .!".'
#1,(%' &%".!i*1(-#."2=' &%".!i<"2.=2&1<'%#[1=%&'$%#%2"(' "00%3."#0%')#'"(('.!%'.2"&).)1#/'
.!%='!"*%'/.-&)%&+'"(.!1-$!'.!%2%' >%2%'/1<%'%B0%3.)1#/6'X1>%*%2+').')/'*%2=')<312."#.'
.1'31)#.'1-.' .!".' )#'#1#%' 14'.!%'0"/%/'0).%&',='.!%/%'/0!1("2/' >"/' .!%2%' "#'%B%0-.)1#',='
:&*:1=1A189B' D 4'.!%2%'>%2%+'/-0!'&%".!'>1-(&'!"2&(=',%'2%$"2&%&' "/'E#1,(%E')#'.!%'"#0)%#.'
>12(&+' &-%' .1' )./'&%%3R/%".%&'32%[-&)0%'"$")#/.' 02-0)4)B)1#' "/' "'0"3)."('3-#)/!<%#.'412'
.!%' >12/.' 02)<)#"(/+')#0(-&)#$' /("*%/6' D#'.!%' %#&+' 1#(=' .!%' ,%()%*)#$' U!2)/.)"#/' >1-(&'
01#/)&%2'.!%'&%".!'14'.!%)2'c12&'E#1,(%E+'3"2"&1B)0"((=6'
ZB$
</&H9-0$N/0--^$_?-E-.(.$@>$4$<@0()9/(&).$474B6A4$
A74$Y)90@'2=9(@)$
I!%' /.-&='14'02-0)4)B)1#')#'"#.)a-).='!"/' 321*)&%&'.!%'#%0%//"2=',"0K$21-#&' .1'%B3(")#'
>!='G"-(@/'E<%//"$%'14'.!%'021//E'>"/'3%20%)*%&'01#.%<3.-1-/(='"/' E411()/!E',='.!1/%'
>!1'2%[%0.%&').+'"#&'>"/' .!%2%412%'/-0!'"'2"&)0"(')#*%2/)1#'14'.!%' /10)"('%.!1/'14'S2%01R
F1<"#'/10)%.=6'U2-0)4)B)1#')#'"#.)a-).='#".-2"((='(%&'.1'.!%'&%".!'14'.!%'02-0)4)%&'*)0.)<6'
V-.' .!)/'>"/'#1'12&)#"2='&%".!6'T0012&)#$'.1'.!%'/.-&='14'E#1,(%'&%".!E' )#',1.!'S2%01R
F1<"#'"#&'M%>)/!'.2"&).)1#/+'.1$%.!%2' >).!'"'/!12.'%B0-2/-/' .1'.!%'/-,[%0.'14'E0-2/%E')#'
5%-.%21#1<)0'"#&'S"(".)"#'01#.%B./+'.!%'&%".!'14'M%/-/'>"/',("."#.(=!1<987/#B' I!%! 78;>!
/)9<*)<#' "#&! $8:1)/! $>+78/1$+' .!".'02-0)4)B)1#'01#*%=%&'>%2%'[-/.'"/' /)$#)4)0"#.'"/' )./'
"%>$1:)/' 12! /15#&)/' "/3%0.+' %/3%0)"((=' )#' .!%' 0"/%' 14'U!2)/.@/' 02-0)4)B)1#6'EW/3%0)"((=E+'
,%0"-/%' 14' .!%' "((%$%&' 12' 3%20%)*%&' E02)<%E'U!2)/.' !"&' 01<<)..%&+' "/' >%((' "/' .!%'
%B.2"12&)#"2=' 0(")</' 14' !)/' )<<%&)".%' 41((1>%2/'",1-.' !)<6'U2-0)4)B)1#' "/' .!%' <1/.'
",!122%#.' 412<' 14'0"3)."('3-#)/!<%#.' >"/' /=<,1()0'14'32"0.)0"((='"(('.!%' E#%$".)*%/E+'
>!%#'[-&$%&',='.!%'/10)"('%.!1/'14'G"-(@/'.)<%+'/-0!' "/' /!"<%'"#&'!-<)()".)1#+'!-<"#'
&%$2"&".)1#' "#&' )#&)$#).=6' T#&'412'.!%' 02-0)4)%&' *)0.)<' !)</%(4+'.!)/' <1/.' &%.%/.",(%'
412<' 14' %B%0-.)1#' >"/' *)*)&(=' "#&' 31>%24-((=' /=<,1()0' 14' !-<"#' !%(3(%//#%//' "#&'
31>%2(%//#%//6' D#'.!%'%#&' .!%' *%2='/)$!.'14'02-0)4)B)1#+',1.!'412'.!1/%'>!1'>%2%'".' .!%'
/0%#%'"#&'412'.!1/%'>!1'>%2%'#1.+',-.'>!1'01-(&'%B%20)/%' .!%)2')<"$)#".)1#+',%0"<%'.!%'
*%2='%<,1&)<%#.'14'.!%'<1/.'%44%0.)*%'"#&'31>%24-('E,1&=' ("#$-"$%E6'
b12%1*%2+'>!%#'3("0%&' )#'.!%' 2%()$)1-/'01#.%B.' 14'.!%'M%>/'14'.!%' .)<%+'.!%2%'>"/' "(/1'
.!%'"&&).)1#"('"#&'02-0)"('%(%<%#.' 14'&)*)#%'E0-2/%E' )#'02-0)4)B)1#6'T/'G"-('>"/',21-$!.'
-3' "#&' <1*%&' %B.%#/)*%(=' )#' .!%' <-(.)R0-(.-2"(' %#*)21#<%#.' 14' .!%' F1<"#' W<3)2%+'
ZZ$
)#0(-&)#$' S2%01RF1<"#' "#&' M%>)/!' 0-(.-2%/+' 1#%' 01-(&' a-).%' 2%"/1#",(=' "//-<%'.!".'
<1/.' 14'>!".'!"/' ,%%#' &%"(.' >).!' )#'.!%' ",1*%' /.-&)%/' 14'02-0)4)B)1#' )#'"#.)a-).='"#&'
E#1,(%'&%".!+E' >1-(&' ,%' >).!)#' .!%'3-2*)%>'14'!)/'K#1>(%&$%6'I!)/'31)#.')/'02-0)"(')#'
.!%' %B%$%/)/' 14' .!1/%' U12)#.!)"#'3"//"$%/' >!)0!' .1-0!' 1#' .!%' )<312."#.' /-,[%0.'14'
U!2)/.@/' 02-0)4)B)1#' "#&' G"-(@/' E<%//"$%' 14' .!%' 021//E6' I!1/%' 3"//"$%/' )#0(-&%' .!%'
32%/%#.' /%0.)1#+' 8'U126' 868HR986'I!%'%B%$%/)/' >)((' ,%' &1#%' )#'.!%' 41((1>)#$'/%a-%#0%A'
EI!%' &%.!21#%<%#.' 14' !-<"#' @>)/&1<@' ,=' @411()/!#%//@' "#&' @411()/!#%//@' "/' &)*)#%'
31>%2' N868HR7]QE_' ET,/1(-.%(='#1' $21-#&/' 412' ,1"/.)#$' ,=' ,1.!' !-<"#' "#&' &)*)#%'
/."#&"2&/+' "#&'U!2)/.' .!%'>)/&1<+'2)$!.%1-/#%//+' /"#0.)4)0".)1#'"#&' 2%&%<3.)1#'N867\R
98QE6'
A7!$ N/-$'-9/0@)-3-)9$ @>$/23&)$MG(.'@3M$L;$M>@@I(./)-..M*$ &)'$M>@@I(./)-..M$ &.$
'(K()-$H@G-0$W474B6!CX$
I!%'321,(%<'14'&)*)/)1#/' )#'.!%'U12)#.!)"#'0!-20!'>"/'#1.'1#(='"'3%2/1#"('0!"((%#$%'.1'
G"-(@/' (%"&%2/!)3' "#&' "-.!12).=+').'"(/1' 2%*%"(%&+' )#'.!%' 4)#"(' "#"(=/)/+' .!%'U12)#.!)"#/@'
4")(-2%' .1' -#&%2/."#&' .!".' ).' >"/' U!2)/.' "(1#%' >!1' >"/' 02-0)4)%&' 412'.!%<' "#&' .!-/'
2)$!.(=' &%/%2*%&' .!%)2' ",/1(-.%' "((%$)"#0%6' U(1/%(=' ()#K%&' .1' .!%' 321,(%<' 14' 0!-20!'
&)*)/)1#/' >"/' 0(%"2(='.!%' )//-%'14'E>)/&1<E6' D#'G"-(@/' [-&$%<%#.+' 0!-20!'&)*)/)1#/' )#'
U12)#.!' >%2%' "' 0(%"2' )#&)0".)1#' .!".' .!1/%' >!1' >%2%' )#*1(*%&' )#' .!%<' !"&' "0.-"((='
"&13.%&'.!%!+8;*$! 8"#&)9;1' 14'.!%'>12(&+'%/3%0)"((=')#'.!%)2'-#&%2/."#&)#$'14'E>)/&1<E'
"#&' E31>%2E6' I!%' /-,[%0.' 14'>)/&1<'!"&' "' (1#$' !)/.12=' )#',1.!' M%>)/!' "#&' S2%01R
F1<"#' .2"&).)1#/+'"#&'G"-('>!1'!"&'<1*%&'a-).%'&%%3(=' "#&'%B.%#/)*%(=')#'.!%/%'.>1'
0-(.-2%/' 01-(&' ,%' "//-<%&' .1' ,%' 4"<)()"2' >).!' .!%' /-,[%0.6' V-.' !%' 1,*)1-/(='!"&' #1'
)#.%#.)1#'.1'&%"('>).!' .!%'/3%0-(".)*%'"/3%0./'14'.!1/%'.2"&).)1#/')#'.!%'U12)#.!)"#'(%..%2/6'
D#' .!%'U12)#.!)"#'01#.%B.+' .!%'>12&' 110[Q)"'/%%<%&' .1',%' 2%4%22)#$'.1' .>1'&)44%2%#.'"#&'
455$
=%.' 0(1/%(=' 2%(".%&' %#.).)%/67H8' N8Q' D.' 01-(&' ,%' 2%4%22)#$' .1' 0%2.")#' %B"(.%&' N2%()$)1R
3!)(1/13!)0"(Q' K#1>(%&$%' .!".' >"/' 14.%#' .!1-$!.' .1' ,%' 1#(=' )#' .!%' 31//%//)1#' 14' "'
32)*)(%$%&' $21-3' 14'3%13(%+' "#&' >!)0!' ,21-$!.' .!%<' /3%0)"(' /.".-/' ,1.!' /10)"((=' "#&'
/3)2).-"((=' )#'/10)%.=6' N7Q'D.'01-(&'<12%' ."#$),(='<%"#' /3%0)"(' /K)((/+'-/-"((='2!%.12)0"((='
.2")#%&' "#&' "0a-)2%&+' >!)0!' %#",(%&' "' 3%2/1#' .1' 3-,()0(=' %B32%//' !)</%(4'>).!' $2%".'
%(1a-%#0%+' 31>%2' "#&' 3%2/-"/)1#+' "#&' ,='<%"#/'14'>!)0!' .!%'31//%//12'14'/-0!' /K)((/'
%"2#%&' /10)"(' %/.%%<' "#&' 313-("2).=6'G"-(' "..%<3.%&' .1'&%"(' >).!' .!%/%' .>1'"/3%0./'14'
)85>1)B')#'!)/' 2%/31#/%'.1' .!%' U12)#.!)"#'02)/)/+' )#0(-&)#$'.!%' .21-,()#$')//-%'14'0!-20!'
&)*)/)1#/% !1231D1)A)CB' D#' 2%/31#/%' .1' .!%' %B"(.%&' E>)/&1<E+' >!)0!' >"/' 14.%#' /10)1R
3!)(1/13!)0"((=' 01#0%)*%&+' G"-(' 32%/%#.%&' "' <"2K%&' 01#.2"/.' ,%.>%%#' .!%' 3%20%)*%&'
>)/&1<' 14'.!%' U12)#.!)"#/' "#&' .!".' 14'S1&@/6' D.'>"/' G"-(@/' 01#*)0.)1#'.!".' .!%'&)*)#%'
>)/&1<'>"/'0(%"2(='2%*%"(%&' "#&'31>%24-((='&%<1#/.2".%&' )#'.!%'02-0)4)%&'U!2)/.'N8'U126'
868CR76YQ6' I!%' U12)#.!)"#/@' 3%20%)*%&' >)/&1<' >"/' "(/1' *%2=' <-0!' )#' ()#%' >).!' .!%'
/%01#&'"/3%0.'14'110,)10'>!)0!'!%"*)(='&%3%#&%&'-31#' !-<"#' %(1a-%#0%6' I!)/'"/3%0.'14'
11j[Q)"'>"/' "0a-)2%&' .%0!#)0"((='.!21-$!' 2!%.12)0"('.2")#)#$')#'.!%'S2%01RF1<"#' >12(&+'
)#0(-&)#$'.!%')#&)/3%#/",(%' "/3%0.'14'1#%@/'3!=/)0"('"33%"2"#0%'"#&'&%()*%2='N!%#0%+' .!%'
)<312."#0%' 14' E,1&=' ("#$-"$%EQ6' L)/&1<+' 31>%2+' 2!%.12)0+' %(1a-%#0%' >%2%' "(('
4-#&"<%#."(' %(%<%#./' "#&' ,"/)0' *"(-%/' 14' .!%' <1/.' 0!%2)/!%&' /10)"(' %.!1/' 14' .!%'
U12)#.!)"#/6'
T' 2%(".)*%(='0"2%4-('2%"&)#$' 14' 868`R8C+'>!)0!' 321*)&%/' .!%' )<<%&)".%' ,"0K$21-#&'412'
.!%'%B%$%/)/'14' 868HR98+' )#&)0".%/' a-).%'0(%"2(=' .!".' 0!-20!' &)*)/)1#/' N868`Q' )#'U12)#.!'
>%2%' "'<"[12' )//-%' .!".' $2%".(=' .21-,(%&'G"-(6' ^1<%'14' .!%' 4"0.12/' .!".' <)$!.'!"*%'
0"-/%&' .!%' U12)#.!)"#! )E/)F1)A)'01-(&',%' %B3(")#%&! $8:1)//>0' /-0!' "/' .!%' U12)#.!)"#/@'
! B 4
$ `&00-99*$ +<-H/&.$&)'$<@0()9/+*$!B6AZ$ W]--$ a[7!X7$
! B !
$ `&09@)*$ +4$<@0()9/(&).+*$ ()$F&3-.$O7b7$O2))$&)'$F@/)$S7$c@E-0.@)$W-'.7X*%4+.56/7,% 8166+79/.:% 17%
9-+%;3<0+$ Wb0&)'$c&H('.*$PY^$S7`7$_-0'3&).*$!55AX*$ 4A4[6C!7$
32%100-3".)1#'>).!! 88=>1)0'/10)"('/.".-/'"#&'31>%26'X1>%*%2+'.!%'02-B'14'.!%'<"..%2'>"/'
"(/1' %//%#.)"((=! 5%#8/8<1:)/0' %/3%0)"((=' )#' 2%(".)1#' .1' .!%' 02-0)4)B)1#' 14' M%/-/6'I!)/'
02-0)"('31)#.'>"/'%*)&%#.(='2%4(%0.%&')#'.!%'<1/.' *)."(' a-%/.)1#'>!)0!'G"-('31/%&' .1'.!%'
&)*)&%&' 0!-20!' )#' 8689+' "/' /11#' "/' .!%' <"..%2' 14' 0B)1-R00."' >"/' 2")/%&' NEL"/' G"-('
:&*:1=1#;' 412'=1-gQ' "/' >%((' "/' )#' .!%' *%2=' /.21#$' /.".%<%#.' !%' <"&%' )#' 868C6' G"-(@/'
/1(-.)1#' >"/' .!%2%412%' ,1.!! $8:1)/' "#&! 5%#8/8<1:)/B' I!1/%' /10)"(' *"(-%/' 14' .!%'
U12)#.!)"#/' )#0(-&%&' >)/&1<+'%(1a-%#0%+' 31>%2+' !1#1-2+' "#&' 1.!%2' /.".-/' /=<,1(/6'
I!%=' >%2%' 3"//)1#".%(=' 0!%2)/!%&' "#&'[%"(1-/(=' $-"2&%&' ,='<%<,%2/' 14' .!%' /10)%.=6'
U1#/%a-%#.(=+' )<<%&)".%(=' "4.%2'<"K)#$' !)/' /.21#$' /.".%<%#.' )#' 8'U126' 868H"+' E.!%'
<%//"$%'14'.!%' 021//' )/' 411()/!#%//E' .1' .!1/%'>!1'2%[%0.%&' ).+'G"-(' >%#.' /.2")$!.' )#.1'
&)2%0.'01#421#.".)1#'>).!' .!%'02-0)"(')//-%/'14'!-<"#'>)/&1<'"#&'31>%2')#'868H,R7]' )#'
*%2=' 31(%<)0"('"#&'3"2"&1B)0"(' .%2</6' D#'.!%' %#&+' .!%'>!1(%'3"//"$%'$1%/' 4"2',%=1#&'
<%2%'&)/0-//)1#'1#'.!%'/-,[%0./'14'>)/&1<'"#&'31>%2+'"#&',%01<%/'"'&)2%0.'%#01-#.%2'
,%.>%%#' .>1'&)"<%.2)0"((=' 1331/%&' >12(&' *)%>/6'T/'/-0!+'G"-(@/' &%(),%2".%' "..%<3.'.1'
0!"((%#$%' .!%',"/)0' /10)"('%.!1/'14'.!%'U12)#.!)"#/'<-/.' "(/1',%' 2%$"2&%&' "/',1.!! &1$G>!
"#&! :8*&)<#8*$' ".' .!%'/"<%'.)<%6' D.'>"/! &1$G>' ,%0"-/%'>!%#' 0"(()#$' )#.1' a-%/.)1#' .!%'
4-#&"<%#."('/10)"('*"(-%/'14'.!%'U12)#.!)"#/+'%/3%0)"((='>).!'E.!%'<%//"$%'14'.!%'021//E+'
>!)0!'>"/' "(2%"&='"0K#1>(%&$%&'%*%#',='G"-('!)</%(4' .1',%'E411()/!#%//E+'!)/'/.2".%$='
0(%"2(='2"#'.!%'2)/K'14',"0K4)2)#$6'V-.'G"-('>"/' 4-((='32%3"2%&'.1'."K%'.!%'2)/K'"#&'13%#(='
&%0("2%&' .!".' !%'!"&' "(2%"&=' E&%0)&%&' .1'K#1>'#1.!)#$666%B0%3.'M%/-/'U!2)/.+'"#&'!)<'
02-0)4)%&E' N767Q6' I!%' ."/K' 14'G"-('>"/' %B.2%<%(=! :8*&)<#8*$0' ,%0"-/%' ).'>"/' "'&)2%0.'
01#421#.".)1#'>).!' .!%' 4)2<(=' %/.",()/!%&' /10)"('%.!1/'14'.!%' .)<%6' T/' /-0!+'>!".'G"-('
&)&'>"/'."#."<1-#.'.1'"'&2"/.)0! 192#&$189' 14'.!%'/10)"('%.!1/+' #1.'[-/.'14'.!%'U12)#.!)"#/+'
,-.' "(/1' 14'S2%01RF1<"#' /10)%.=6'I!%' 4-((' 4120%'"#&' )<3()0".)1#/'14'G"-(@/' 2%/31#/%'
<-/.' ,%' *)%>%&'421<' .!)/'3%2/3%0.)*%6' D.')/' .!%2%412%' )<312."#.'.1',%"2' )#'<)#&' "$")#'
.!".'>!)(%'G"-(@/' <")#'"2$-<%#.'>"/'-(.)<".%(=! 5%#8/8<1:)/0' .!%'0"-/%'14'.!%'U12)#.!)"#'
45!$
02)/)/' >"/' "(/1' &%%3(=' 211.%&! $8:1)//>B' T/' /-0!+' ).' )/' ",/1(-.%(=' #%0%//"2=' .1' /%.' .!%'
U12)#.!)"#! 5#A5' )#' .!%' 1*%2"((! :895#A5' 14' .!%' S2%01RF1<"#' /10)%.=6' I!)/' )/' >!".' .!%'
32%/%#.' .!%/)/' !"/' "..%<3.%&'.1'&1')#')./'32%*)1-/'/%0.)1#'1#'02-0)4)B)1#')#'"#.)a-).='"#&'
#1,(%' &%".!' )#'S2%01RF1<"#' "/' >%((' "/' )#'M%>)/!' .2"&).)1#/6'b12%1*%2+' /)#0%' G"-(@/'
)#.%#.)1#'>"/'.1! 192#&5' .!%'/10)"('%.!1/'14'.!1/%'>!1'>%2%')#*1(*%&' )#'.!%'&)*)/)1#/+'!)/'
&%#58&1:)/' "3321"0!'>"/'-#&%2/."#&",(=' "#&'"332132)".%(=! ")&);8A1:)/B!
474B' @f% =1:1>%:/*' \$ N D D' 1."-31-' .1.j_% ?3@A' ")21TT-)"%*1)0+' -B13)"% @/23A)' .1.%6' \%'
10PU1W(-K@R<% 3*B0A% <C/*3>' %1-$ -=02(K7$ WM8@0$9/-$3-..&E-$ @>$9/-$=0@..$(.$>@@I(./)-..$ 9@$
9/@.-$G/@$&0-$H-0(./()E*$L29$9@$2.$G/@$&0-$L-()E$.&K-'$(9$(.$9/-$H@G-0$@>$b@'MX$
I!%'S2%%K! >)"' NE412EQ' )#' 868H' >"/' 1,*)1-/(='<%"#.' .1' 01##%0.' 868HR98' >).!' 868C6' D#'
868C+' G"-(' %<3!"/);%&' .!".'!)/'<)//)1#'>"/' 32)<"2)(=' .!%' 32%"0!)#$' 14'.!%' $1/3%(6'X%'
&)&' ).'E#1.'>).!'%(1a-%#.'>)/&1<'NDd\! G2' "10[#"'TR1=1-Q+'/1'.!".'.!%'021//'14'U!2)/.'<)$!.'
#1.' ,%' %<3.)%&' 14' )./' 31>%2! H12)! DD$E$\-(?@b0Q' \'1."-3106' .1-' d3)1B1fQE' N868C,Q6'L).!'
.!)/'/.".%<%#.' )#'868C,' G"-('>"/'"(2%"&=' /%..)#$'"'/!"23'01#.2"/.',%.>%%#' !)/'<"##%2'14'
3210("<".)1#' "#&'.!%' /.=(%'14'!)/'U12)#.!)"#'02).)0/'>!1'0!%2)/!%&' E%(1a-%#.'>)/&1<E+'
"0012&)#$' .1'.!%' /10)"('%.!1/'14'.!%' .)<%6'I!)/')<312."#.'31)#.'>)((' ,%' &%"(.' >).!'<12%'
%B.%#/)*%(=' >).!' /3%0)"(' 2%4%2%#0%' .1' 2!%.12)0/' )#' .!%' S2%01RF1<"#' .2"&).)1#' )#' .!%'
/%01#&'3"2.'14'.!)/'.!%/)/6'
@f! I8>8:0'\$ N D D' 1)"-31f' NE.!%' <%//"$%' 14' .!%' 021//EQ' !%2%' 0(%"2(=' 2%4%22%&' .1' G"-(@/'
$1/3%('<%//"$%'"#&'.!%'%<3!"/)/' >"/'&%(),%2".%(='1#'E.!%'021//E+'>!)0!'>"/'.!%'02-B'14'
.!%'<"..%2' )#'G"-(@/' 2%/31#/%'.1' .!%'U12)#.!)"#'02)/)/' )#' 86' 8HR986'T#&').'>"/'32%0)/%(='
.!)/' 02-B' .!".' >"/' 01#.%<3.-1-/(=' 2%$"2&%&' "/' E411()/!#%//E' Nk)113)"Q' ,=' .!1/%'>!1'
2%[%0.%&').6'
45A$
D#'<1/.'14'.!%'L)/&1<'>2).)#$/+' 412')#/."#0%+' )#'G21*%2,/' "#&'G/"(</+' .!%'>12&'".,31>'
)/' -/%&' "(<1/.' %B0(-/)*%(=' 412' .!%' 4 11 ( 6 7 H 9' D#' G!)(1@/' >2).)#$/' .!%' 01#0%3.' 14' 41((='
!B[$
2%4%22%&'.1'"(('>12(&(='>)/&1<6'
L%(,12#' "2$-%/' .!".' .!%' .%2<' ))013."' 01$#".%/' E/.-3)&).=E'2".!%2' .!"#' E",/-2&).=E' )#'
G"-(@/' .)<%'"#&' )./' /10)"(' /.)$<"'>"/' #1.' $%#%2"((=' "//10)".%&' >).!' .!%' W#$()/!'>12&'
E41((=E6' I!%' .%2<'-6-l3)10'E&%/)$#".%&' .!%' "..).-&%' "#&' ,%!"*)1-2' 14' "' 3"2.)0-("2'/10)"('
.=3%A' .!%' (1>%2' 0("//' <121#6' I!%' @411()/!#%//@' 14' .!)/' /10)"(' .=3%' 01#/)/.%&' )#' "'
>%"K#%//' 12' &%4)0)%#0=' 14' )#.%((%0.+' 14.%#' 01-3(%&' >).!' "' 3!=/)0"(' $21.%/a-%#%//6'
V%0"-/%' .!%' 01#0%3.' 14' .!%' ("-$!",(%' )#' .!%' S2%%KRF1<"#' >12(&' >"/' $21-#&%&' )#'
01#.%<3(".)1#'14'.!%',"/%'"#&'&%4%0.)*%+'.!1/%'>!1'31//%//%&'.!%/%'0!"2"0.%2)/.)0/' >%2%'
&%%<%&' .1' ,%' @ 411()/!6 @E 7 H ]' T/' /-0!+' >!".' G"-(' "0.-"((=' <%"#.' .1' /"=' >"/' .!".' .!%'
<%//"$%'14' .!%' 021//' >"/' 2%$"2&%&' ,=' .!%' 0-(.-2%&' %().%' 14'!)/' &"=' "/' E"' 01"2/%' "#&'
*-($"2'[1K%E6 7 H \'
L%(,12#@/'31)#.'"(/1'2")/%/'.!%'a-%/.)1#'01#0%2#)#$'.!%'12)$)#'14'.!%'>12&'E411()/!#%//E'
N->3)"Q' )#'.!%'U12)#.!)"#'0122%/31#&%#0%6' L"/' ).'4)2/.'-/%&' ,='.!1/%'>!1'2%[%0.%&' E.!%'
<%//"$%' 14' .!%' 021//E+' 12' >"/' ).' 4)2/.' %<3(1=%&' ,=' .!%' <%//%#$%2' G"-(' !)</%(4' >!1'
K#%>' 2)$!.' 421<' .!%' /."2.' .!".' ,1.!' .!%' 01#.%#.' 14'!)/'<%//"$%' "#&' .!%' <"##%2' 14'!)/'
3210("<".)1#'>1-(&'"21-/%'/-0!'"'#%$".)*%'2%/31#/%')#'.!%'-#,%()%*%2/g'L%(,12#'.!)#K/'
.!".'k)1Q3)"'>"/'321,",(='"33()%&'.1'G"-(',='0%2.")#'<%<,%2/' 14'.!%'U12)#.!)"#'0!-20!'.1'
&%/02),%' .!%' )<32%//)1#'.!%='!"&'",1-.' .!%'"31/.(%' "#&'!)/'$1/3%(6'I!%' .%2<'01-(&'"(/1'
,%' "'[-&$%<%#.' 14'G"-(@/' 02).)0/'-31#' !)/' 32%"0!)#$67HC'L%(,12#@/' /-$$%/.)1#' /1-#&/'
! B A
$ N/-$>@@I.$ &0-$ 9/@.-$ G/@$ I&=J$ 902-$ J)@GI-'E-$ @>$ b@'*$ &)'$ 9/2.$ >&(I$ 9@$ &=J)@GI-'E-$ b@'$ &.$b@'7$
`-090&3*%$'F$$[7$ BAA7$! B [
$ ,/(I@*%8-+.B$ 44#e%D+GB%H00B$ !7"57$! B C
$ S-IL@0)*%I110)$ 46!7$! B #
$ S-IL@0)*%I110)% JB%! B "
$ S-IL@0)*%I110)$ 45!6A7$
45[$
2%"/1#",(%+',%0"-/%'G"-(@/' "((%$%&(='-#)<32%//)*%' 3!=/)0"('"33%"2"#0%'"#&'<"##%2'14'
/3%%0!'01-(&'!"*%'%"/)(='0"-/%&'!)/'02).)0/'.1'"33(='.!%'.%2<'()113."'.1'!)<'3%2/1#"((='"/'
>%((' "/' .1'!)/'E<%//"$%'14'.!%'021//E6' b12%1*%2+')#' 868H' >!%2%' .!%'/.".%<%#.' 100-22%&+'
G"-(' >"/' *%2=' /3%0)4)0' .!".' E.!%' <%//"$%'14' .!%' 021//E' >"/' E411()/!#%//E' N-R113)"Q'.1'
.!1/%'>!1'>%2%' E3%2)/!)#$E6'I!)/'#".-2"((='(%"&/' .1' "'<12%' ()K%(=' 31//),)().=+' #"<%(=+'
.!%' *%2='K#1>(%&$%",(%' "#&' "(%2.'G"-(' !)</%(4' >"/'<1/.' 321,",(=' .!%' 4)2/.+' 12' "<1#$'
.!%' 4)2/.+' .1' !"*%' 3%20%)*%&' .!".' !)/' E<%//"$%' 14' .!%' 021//E' >1-(&' ,%' 2%$"2&%&'
01#.%<3.-1-/(=' "/' E411()/!#%//E' ,=' .!1/%' >!1' 2%[%0.%&' ).6'I!)/' 31//),)().='/!1-(&' ,%'
."K%#'<12%'/%2)1-/(=')#'.!%'01#.%B.'14'.!%'0-22%#.'/10)"('%.!1/'"#&').')/'0(%"2(='/-3312.%&'
,=' .!)/' .!%/)/@/' /.-&=' 1#' 02-0)4)B)1#' "#&' #1,(%' &%".!' )#'"#.)a-).=6'D4+'412')#/."#0%+' .!%'
&%".!' 14'^102".%/' >"/' 01<<1#(='2%$"2&%&' "/! 987/#0' ).'>1-(&' ,%' /!%%2' 411()/!#%//'12'
/.-3)&).='.1'0(")<'.!".'.!%'1#%'>!1'&)%&'.!%'<1/.! 1<987/#' &%".!'1#'.!%'021//'01-(&')#'"#='
>"=',%'.!%'E^"*)1-2E'14'.!%'>12(&'"#&'.!%'E^1#'14'S1&E6'
D#'0(1/%'01##%0.)1#'>).!'.!%')//-%'14'-B13)10+'.!%'0!"2"0.%2);".)1#'14'.!%'021//'14'U!2)/.'"/'
E<"&#%//E'N-60""00Q',='.!%'1331#%#./' 14'.!%'U!2)/.)"#'<%//"$%+',%$)##)#$'421<'.!%'4)2/.'
0%#.-2=+' "/' 0!"3.%2' 1#%' !"/' "(2%"&='#1.%&+' 01-(&'"(/1',%' ."K%#' )#.1'01#/)&%2".)1#6'I!)/'
>"/',%0"-/%+'412'.!%' 01#.%<3.-1-/' 1331#%#./' .1'.!%'U!2)/.)"#'<%//"$%'.!21-$!1-.' .!%'
0%#.-2)%/+'>!".'>"/'01#/)&%2%&'--3."'01-(&'"(/1',%%?3/A3/' ".'.!%'/"<%'.)<%6'
EI!%' <%//"$%' 14' .!%' 021//E' >"/' 0%#.2"(' .1' G"-()#%' .!%1(1$=' )#' .!%' U12)#.!)"#'
0122%/31#&%#0%+' "#&' "(/1' )#' *"2=)#$'&%$2%%/' )#' 1.!%2' G"-()#%' >2).)#$/6' U2-0)4)B)1#'
("#$-"$%' >"/' &)/.)#0.)*%(='G"-()#%+'"#&'-#()K%'1.!%2'2%4%2%#0%/'.1'.!%'&%".!' 14'M%/-/+').'
>"/'%B0(-/)*%(='-/%&' ,='G"-(' )#'31(%<)0"('/).-".)1#/67HH'm/%&'%*%#'<12%'/3"2)#$(='>"/'
G"-(@/'&%/02)3.)1#'14'.!%' $1/3%(' "/' E411()/!#%//E6' D.')/'1#(=' 41-#&')#'1#%' %3)/.(%' N)6%6+'8'
! B B
$ c@37$#7#e$ 4$<@07$474"*$ 4Be$ !7!e$ !$<@07$4A7[e$b&I7$!74Ze$ A74*$ 4Ae$C744e$ #74!*$ 4[e$ ,/(I7$ !7Be$ A74#7$ <7$ 7$
<@2.&0*% H% $-+101G:% 1K% 9-+% 8.1,,L% $-+%'+/9-% 1K% "+,M,% 37% 9-+%N/M037+% D+99+.,$ WP())-&H@I(.^$8@090-..*$
4ZZ5X*$!A7$
45C$
U12' 868HR7]+'7C_'768Z_' 968HR8Y_' Z68`Q6'V-.').'!"/' 3("=%&'"'02-0)"('21(%' )#'.!%' !)/.12='14'
U!2)/.)"#'.!1-$!.+'"/'L%(,12#'!"/' 2)$!.(='31)#.%&'1-.6 7 H Y'
X)/.12)0"(' 2%/%"20!' !"/' /!1>#' .!".' .!%' .%2<' E41((=E' >"/' #1>!%2%' 01##%0.%&' >).!' .!%'
021//' )#' 32%RU!2)/.)"#' ().%2".-2%+' S2%%K' 12' c".)#6' D#' .!%' "#0)%#.' >12(&' .!%' 021//' >"/'
&%/02),%&' "/' E.%22),(%E+'E)#4"<1-/E+'E,"22%#E+' E02)<)#"(E+' "#&'"#' E%*)(' )#/.2-<%#.E+' "#&'
02-0)4)B)1#'>"/' 2%$"2&%&' "/' E02-%('"#&'&)/$-/.)#$E+'E/!"<%4-(E+'E.!%'/-32%<%'3%#"(.=E+'
E.!%' <1/.' >2%.0!%&' 14'&%".!/E6'V-.'#1>!%2%' )/'.!%'021//'"//10)".%&'>).!' E411()/!#%//E'
)#' S2%%K' "#&' c".)#6'G"-(@/' %B32%//)1#' ",1-.' .!%'<%//"$%'14'.!%' 021//' )#' 8'U12)#.!)"#/'
>"/' .!%2%412%' -#)a-%+' #1.' 1#(=' )#' G"-()#%' >2).)#$/+' ,-.' "(/1' )#' .!%' %#.)2%' e%>'
I%/."<%#.67Y`' e12' )/' .!%' .%2<' 4)013)"' 41-#&' )#' .!%' fI6' D#' .!)/' 01##%0.)1#' L%(,12#@/'
31)#.')/'3"2.)0-("2(='*"()&'"#&'!%(34-(A'E14'3"2.)0-("2')<312."#.666)/'.!%'%<%2$%#0%'>).!)#'
G"-(@/'*10",-("2='14'.!%'("#$-"$%'14'.!%'E021//E'N1."-31$Q6'T/'U)0%21'"#&'h"221'"..%/.+'
).' >"/' .!)/'02-%(' "#&'&)/$-/.)#$' .%2<'>!)0!' .!%' 0-(.-2"('%().%'14'.!%'F1<"#' >12(&'(%"/.'
>"#.%&' .1'!%"26'I!%'021//'>"/' "#'1<)#1-/' ("0-#"' ".' .!%'0%#.%2'14'3-,()0' &)/01-2/%6E7Y8'
T/' /-0!+' G"-(+' .!%' E411(E' 412'U!2)/.@/' /"K%+'<-/.' !"*%',%%#' .!1-$!.' .1'!"*%'.-2#%&' .!%'
>12(&'-3/)&%' &1>#',='&%/02),)#$'!)/'$1/3%(' <1/.'321*10".)*%(='"/' E.!%'<%//"$%'14'.!%'
021//E6'G"-(' 0!1/%'/-0!' "' /)#$(%'3!2"/%'K#1>)#$'4-((=' >%((' .!".' .!)/' %B32%//)1#' >1-(&'
/-2%(=',%'2%$"2&%&' ,='.!1/%'>!1'>%2%'3%2)/!)#$'"/'-..%2'E411()/!#%//E6'f#'.!)/'L%(,12#'
"3.(=' 2%<"2K/A' E).')/' #1.' &)44)0-(.' .1' )<"$)#%' !1>' *-($"2' "#&' /!10K)#$' .!)/' ("#$-"$%'
n",1-.' .!%' 021//o' <-/.' !"*%' /1-#&%&' .1' .!%' U12)#.!)"#'%().%6E' ^.-&)%/' 14' 1.!%2' eI'
&10-<%#./+' )#0(-&)#$'G"-(@/' %"2()%2' >2)#$/+'/-0!' "/' 8'I!%//"(1#)"#/+' )#&)0".%' .!".' .!%'
E021//E'("#$-"$%'&1%/'#1.' "0.-"((='100-2' )#'32%RG"-()#%'K%2=$<".)0' 412<-("%6'V-.' .!%'
S-IL@0)*%I110)$ 4C7$
S-IL@0)*%I110)$ !46A7$
S-IL@0)*%I110)$ !C47$
S-IL@0)*%I110)$ !C!7$
45#$
0"/%')/' *%2=' &)44%2%#.'>!%#' ).'01<%/' .1' .!%' U12)#.!)"#'0122%/31#&%#0%' N%6$6+' 8689+' 8C+'
8H+'79_'767+' HQ 6 7 Y 9'
:12'G"-(+'.!%'&%0)/)1#' .1'-/%' .!%'("#$-"$%'14'.!%'021//'>"/'#%*%2'0"/-"('12')#0)&%#."(6'D.'
>"/' 321,",(='"4.%2'<-0!'/%2)1-/'.!1-$!.' .!".'G"-('!"&' 4)#"((=!;#:1;#;$ W-\H(K&X' .1'K#1>'
#1.!)#$'"<1#$' .!%'U12)#.!)"#/' E%B0%3.' M%/-/'"#&'!)<'02-0)4)%&E'N8'U126'767Q6'D#'*)%>'14'
>!".' !"/' "(2%"&=' ,%%#' /")&' ",1-.' 02-0)4)B)1#' "#&' #1,(%' &%".!' )#' "#.)a-).=+'.!%2%'<-/.'
1,*)1-/(=' ,%' "' 0%2.")#! &)5189)/#' ,%!)#&' G"-(@/' &%(),%2".%' 0!1)0%' 14' .!%' 021//' )#' !)/'
2%/31#/%' .1' .!%' U12)#.!)"#' 02)/)/6' f#%' <)$!.' %*%#' ,%' .%<3.%&' .1' 01#[%0.-2%' .!".' G"-('
01-(&'!"*%')#.%#&%&' .1'-/%' .!%'021//'"/' "'K)#&'14'E/!10KE' .".)0')#'12&%2' .1'.-2#'.!%'/10)"('
%.!1/'14'.!%'U12)#.!)"#/' -3/)&%'&1>#67 Y Z'^1<%'14'.!%'<")#'321,(%</' )#'.!%'U12)#.!)"#'
0!-20!+' /-0!' "/' 0!-20!' &)*)/)1#/+'.!%'U12)#.!)"#/@' 32%100-3".)1#' >).!' 31>%2' "#&' /10)"('
/.".-/+'"/'>%((' "/' .!%)2'(1>'%/.)<".)1#' 14'G"-(+'>%2%'0(%"2' )#&)0".)1#/' .!".' .!%='>%2%' /.)(('
*%2='<-0!'%#/("*%&' ,='.!%'1(&'.2"&).)1#"('/10)"('%.!1/6'
:12' G"-(' .!%'<%//%#$%2+' E.!%'<%//"$%'14'.!%' 021//E'>"/' #%*%2'#%-.2"(6' D.'&%<"#&%&'"'
02-0)"(' 2%/31#/%'421<'.!%'!%"2%26'I!%='01-(&'%).!%2' 2%[%0.' ).'.1'.!%)2'1>#'&%/.2-0.)1#+'12'
2%0%)*%' ).' 412' .!%)2' 1>#' /"(*".)1#6' I!)/' >"/' 0(%"2(=' .!%' )#.%#.' "#&' 4120%' 14' G"-(@/'
/.".%<%#.' )#' 868H6' G%13(%@/'2%/31#/%'.1'E.!%'<%//"$%'14'.!%' 021//E'>1-(&'/-,/%a-%#.(='
&)*)&%'.!%<')#.1'.>1'%#.)2%(='&)44%2%#.'0".%$12)%/A'.!1/%'>!1'>%2%' E3%2)/!)#$E'"#&'.!1/%'
>!1' >%2%' E,%)#$' /"*%&E6'b12%1*%2+' .!%' 2%[%0.)1#' "#&' 2%0%3.)1#' 14' .!%' <%//"$%'"(/1'
2%32%/%#.%&' .>1'&)"<%.2)0"((='1331/%&'>12(&' *)%>/_'1#%' E14'.!%' >12(&E' N867`Q+'"#&' .!%'
1.!%2+' E14'S1&E'N8678Q6'
! Z A
$ S-IL@0)*%I110)$ !C!7$! Z [
$ V@00-II*%$-+%#1O3/0% 49-1,)$ 4A!7$
45"$
D#' G"-(@/' *)%>+'3%13(%@/' 31/).)*%'2%/31#/%'.1' .!%'<%//"$%'>"/' "0.-"((='#1.'%#.)2%(='"#'
"2,).2"2=' !-<"#' 3%20%3.)1#+' ,%0"-/%' ).' >"/' E/3)2).-"((=' &)/0%2#%&E$ WN0K-2P)00I)p01J'
'K@=\HRK-0&(*'768ZQ6'
I!%' S2%%K' 1B"-31f' )#' .!%' 3!2"/%' \! I8>8:0!>)"' \$ N D D' "."-31-' )/' $%#).)*%6' D.' >"/'
321,",(=' )#.%#&%&' .1'&%#1.%' .!%' .!%<%' 14'G"-(@/' $1/3%(' <%//"$%+'#"<%(=+' .!%' 012%'14'
G"-(@/'<%//"$%'>"/' .!%' 021//' )./%(46'X%#0%' U!"2(%/' V"22%..' 01<<%#./A' E.!%' $1/3%(' )/'
/)<3(=' "' 3("0"2&)#$' N046' S"(6' 968Q' 14' U!2)/.' 02-0)4)%&_')./' %44%0./' "2%' .>141(&A' ).' )/'
411()/!#%//' .1'.!1/%'>!1'"2%'1#'.!%'>"='.1'&%/.2-0.)1#+',-.'.1'-/'>!1'"2%'1#'.!%'>"='.1'
/"(*".)1#' ).' )/' S1&@/' 31>%2' N046' 7' U126' 768]46Q6E7Y ]'I!%' 3!2"/%' R' E.!%' <%//"$%'14' .!%'
021//E'R'"/'"'&%/02)3.)1#'14'.!%'$1/3%('<%//"$%')/'4)2/.'41-#&')#'G"-(@/'>2).)#$6'I!%'.%2<'
E.!%' >12&E'12' E.!%'<%//"$%E'N\! I8>8:0C' /%%</'.1' 2%4%2'.1' .!%' 412<'12'<"##%2' 14'G"-(@/'
32%"0!)#$' >!)(%' E.!%'021//E')#'.!%'$%#).)*%$W2@2' 1."-31-Q'<%"#/'.!%'012%' 01#.%#.' 14'.!%'
E<%//"$%E' 3210(")<%&6' D#' .!%' >12&/' 14' T#.!1#=' I!)/%(.1#+' E.!%' 021//' )/' G"-(@/'
&%4)#).)1#'14'.!%'$1/3%(6E7Y\' f2'"/'X"#/'U1#;%(<"##' 3-./' ).'@E.!%'>12&'14'.!%'021//E')/+'
"/' )/'/!1>#',='76D4+' "#'%B!"-/.)*%' /.".%<%#.'14'.!%'01#.%#.' 14'.!%' $1/3%(6E7YC' c).4)#' !"/'
2)$!.(=' /-$$%/.%&' .!".' G"-(' >"#.%&' .1'K%%3'.!%' E>12&E' N12'E<%//"$%EQ'"#&' .!%' E021//E'
.1$%.!%2A' E.!%' 2%3%".%&' "2.)0(%' )#' .!%' 01#/.2-0.)1#' /%2*%/' .1' 32%*%#.' .!%' 410-/' 421<'
/!)4.)#$'">"=' 421<' 412<' .1' 01#.%#.' "#&',"("#0%/' .!%' /.2%//',%.>%%#' .!%' .>16E 7 Y H'I!)/'
31)#.' )/'%B.2%<%(=' )<312."#.',%0"-/%+'"/' >)((' ,%' /!1>#' (".%2' )#'.!)/' .!%/)/+' .!%' 02).)0)/<'
14'G"-(@/'02).)0/'"$")#/.' !)<'!"&'.1'&1'>).!! 785%' .!%'012%! :895#95' 14'!)/'<%//"$%'"#&'.!%'
+)99#&' 14'!)/'3210("<".)1#6'G"-('>"/' "33"2%#.(=' *%2='01#/0)1-/' 14'.!)/')#'!)/'2%/31#/%6'
I!-/+' 412'%B"<3(%' )#' 868C+' .!%' 3!2"/%' E#1.' >).!' %(1a-%#.' >)/&1<E' a-).%' 1,*)1-/(='
! Z C
$ `&00-99*%$-+%I3.,9% 4*3,90+% 91% 9-+%81.379-3/7,$ WR@)'@)^$T'&3$f$</&0I-.$ I&=J*$4Z#BX*$ 4Z7$! Z #
$ T7$ <7$N/(.-I9@)*% $-+%I3.,9% 4*3,90+% 91% 9-+% 81.379-3/7,L% H% 8166+79/.:% 17% 9-+% P.++@% $+29$ W<&0I(.I-^$
,&9-0)@.9-0$ ,0-..*$!555X*$ 4C[7$! Z "
$ V7$ <@):-I3&))*% Q% 81.379-3/7,L% H% 8166+79/.:$ @)$ 9/-$ 8(0.9$ _H(.9I-$ 9@$ 9/-$ <@0()9/(&).$ WV-03-)-(&e$
,/(I&'-IH/(&^$8@090-..$,0-..*$ 4Z"CX*$[47$! Z B
$ R(9>()*%N.1O0/6/9317)$ 4Z[7$
45B$
!"#"!!"$% &'% &("! "#$$%&% '#%)*+,-.% /!'0,*1*&2'34% *3$% 5&("% 0!'..% '#% 6(!2.&5% ".."3&2*,,7%
1"*3&% &("% 0'!"! '($)%$)% '#%&("% 8'./",9%:(2,"% .'1"%$2.&230&2'3%;"&<""3% &("% &<'%1*7%;"%
=*,2$4% 2&%2.4%('<"="!4% 3"2&("!%3"0"..*!7%3'!%(",/#+,% &'%/!"..%&("% 2..+"%&''%(*!$4% .230"%23%
&("%0*."%'#%)*+,4% &("! '($)%$)% '#%&("%8'./",% *3$%&("!"#$$%&% '#%2&.%/!'0,*1*&2'3%0'+,$%3'&%
;"% *!&2#202*,,7% ."/*!*&"$9% >("% 1"..*8"% '#% &("% 0!'..4% <("3% !28(&,7% +3$"!.&''$4% <*.% *%
!*$20*,% 23="!.2'3% '#% &("% .'02*,% "&('.% '#% &("% 6'!23&(2*3.9% ?&.% /*!*$'@20*,% 3*&+!"% 2.%
/*!&20+,*!,7%';=2'+.% *.%A'!!",,% (*.% !28(&,7%/"!0"2="$B% 5&("% .71;',20%'!$"!% '#%&("% 8'./",4%
*.% )*+,% ."".% 2&4%0"3&!"$% +/'3% &("% 0!'..% '#%6(!2.&4% 23="!&.% &("% =*,+".% '#% &("% $'123*3&%
.'02*,% '!$"!9% C37'3"% <('% <*3&.% &'% 0'+3&% &("1.",=".% - 23 -% 1+.&% 0"*."% &'% !"8*!$%
&("1.",=".% *.% .&!'38% *3$% <2."% -23%&(2.% *8"-% *3$% ;"0'1"%<"*D% *3$% #'',2.(% 23%'!$"!% &'%
$2.0'="!% &("%/'<"!%'#%E'$95F G G%
>("% <'!$.% 5/"!2.(2385% *3$% 5;"238% .*="$5%*,.'% .""1"$% &'% ;"% 23&"3$"$% &'% 0*+."%&('."%
&(2.H<'!,$,7%6'!23&(2*3.%&'%&(23D%'#%&("%".0(*&','820*,% $21"3.2'3%'#%5&("%1"..*8"%'#%&("%
0!'..54% *% $21"3.2'3% &(*&% <*.% 23%$*38"!% '#% ;"238% #'!8'&&"3% 23% &("% 6'!23&(2*3.-% 1*37%
/!"'00+/*&2'3.% *3$% /!';,"1.9% 6'3I",1*33% 2.% !28(&% 23% .+88".&238% &(*&% &("% &<'%
0'3&!*.&238% /!"."3&%/*!&202/,".% H% 5/"!2.(2385%*3$% 5;"238%.*="$5%H% *!"% 5".0(*&','820*,,7%
$"#23"$59JKK%>(2.%2.%23%#*0&%="!7%+3$"!.&*3$*;,"%.230"% &("%0!+02#2@2'3%'#%6(!2.&% 2&.",#% <*.%
*3! %*'+#)(,(-.'#,% "="3&9% ?3%#*0&4%)*+,-.%."3."%'#%&("! %*'+#)($% 0'+,$%;"% #",&%"="3% 23%(2.%
'/"3238%<'!$.%'#%8!""&238.B% 5999*.%7'+%<*2&%#'!%&("! &%/%#,.$-% L$>>MN*,+2OP2=Q%'#%'+!%R'!$%
S".+.% 6(!2.&9999A"% <2,,% *,.'% .&!"38&("3% 7'+% &'! )+%! %$0! 123,(/'45% .'% &(*&% 7'+% 1*7% ;"%
;,*1","..!($!)+%!0#6!(7!(8&!9(&0! :%*8*! ;+&.*)<% LT9U4%VQ9%
W".2$".%&("%.&!'38%0'3&!*.&% ;"&<""3%&('."%5<('%*!"%/"!2.(2385%*3$%&('."%5<('%*!"%;"238%
.*="$54% &("% ="!;*,% #'!1%'#%&("% "@/!"..2'3% 5<('%*!"% ;"238% .*="$5%2.%*,.'%<'!&(%3'&2389%
>("%E!""D%="!;%*'O6'+2='2X%2.%*%/!"."3&%/*!&202/,"4%*3$%2&%128(&%<",,%;"%23&"3$"$%;7%)*+,%
! " "
# $%&&'(()!"#$!%&'()*! +,#&-.# *+,-#+ . .
# /%01'(2300)!/!0&1(2,#()2-.# 4*-#
TKG%
*.% *%!"123$"!% &'%&("%6'!23&(2*3.%&(*&%&("%6(!2.&2*3%.*,=*&2'3%<*.% .&2,,% *!=&('%**% *3$!$()!
6%)% *% #+,,% !"*,2&74%(+1*3,7% ./"*D2389%:(2,"! %*'+#)(,(-.'#,,6% 2&% 2.%0'!!"0&% &'% !"8*!$% &("%
6(!2.&2*3.% *.%(*=238%;""3%.*="$! #,&%#064% 2&%2.%"X+*,,7%&!+"%&'%&(23D% &(*&% 2&%2.% .&2,,! $()!6%)!
%2.*)%$).#,,6>% A"!"% ,2".%&("% &"3.2'3% 23%&("%6(!2.&2*3-.% "@/"!2"30"9% >(2.%/'23&%128(&%(*="%
./"02*,%1"*3238% 23%&("%6'!23&(2*3%0'3&"@&%;"0*+."%0"!&*23%1"1;"!.% '#%&("%0(+!0(%X+2&"%
';=2'+.,7%&('+8(&%&(*&%&("7%(*$!#,&%#06% !"*0("$% #+,,%1*&+!2&7%'!%(*$%*!!2="$%*&%&("! 7.$#,!
/'23&%LY9VHTKQ9%)*+,%,*1"3&"$%23%Y9V4%<2&(%*%&'+0(%'#%.*!0*.1B%
)*+,% $2=2$"$%/"'/,"% 23&'%&<'%0*&"8'!2".% *00'!$238%&'%&("2!%!"./'3."%&'%5&("%1"..*8"%'#%
0!'..54% 29"94%&("% ,'.&%*3$% &("% .*="$9% Z20(*!$%A*7.% 2.%0,"*!,7%!28(&% 23%&(23D238% &(*&%)*+,-.%
.(*!/% $2=2.2'3% <*.% 1*$"% #!'1% 5&("% */'0*,7/&20% /"!./"0&2="59JKT% ['!% )*+,4% &("% 50!'..5%
3'&% '3,7% 1*$"% &(2.% 3"<% $2=2.2'34% 2&%(*$% *,.'% 23*+8+!*&"$% &("% 53"<% *8"54% .'% &(*&% &("%
5#'',2.(3"..5% '#% &("% 0!'..% ;",'38.% &'% &("% 5',$% *8"5% 1"3&*,2&7% '#% &('."% <('% *!"%
/"!2.(2389JKF%\'!"'="!4%&("%"@/!"..2'3% 5<('%*!"%;"238%.*="$5% *,.'%0,"*!,7%23$20*&"$%&("%
0!+02*,%2..+"%'#%6(!2.&2*3! .0%$).)6>% C.%(*.% *,!"*$7%;""3%3'&"$%"*!,2"!4%0(+!0(%$2=2.2'3.%23%
6'!23&(% <(20(% 8!"*&,7%&!'+;,"$%)*+,% LT9%TKHTUQ%<"!"% *,.'% *%="!7% ."!2'+.! .0%$).)6% 0!2.2.9%
M&("!<2."4% &("7% <'+,$% 3'&% (*="% /,"$8"$% &("2!% *,,"82*30"% !"./"0&2=",7% &'! +8"#$!
/"!.'3*,2&2".% .+0(% *.%)*+,4%C/',,'.4% *3$%6"/(*.9%C.!;+&.*).#$*4% *3$%.+0(%<*.%&("2!%&!+"%
.0%$).)64% 6(!2.&%*,'3"%$"."!="$% &("2!%&'&*,%*,,"82*30"9%M3%&(2.%/'23&%)'8','##%(*.% *%+."#+,%
0'11"3&B% 5&("% 0'3&!*.&% 23% T9TV% ;"&<""3% &('."% <('% *!"% /"!2.(238% L*2>'\9++2=-'2Q% *3$%
&('."%<('% *!"% ;"238% .*="$% L'0'6'3"='2Q%3'&% '3,7%1'=".% &("% $2.0'+!."% #!'1%0+,&+!*,%&'%
0'11+32&7% 2$"3&2&74% 2&% *,.'% ,'0*&".% &(*&% 2$"3&2&7%<2&(23% &("% ,*!8"!% 3*!!*&2="% '#% E'$-.%
.*,=2#20%*0&2=2&795JK J%
)*+,-.%+."% '#%*3&2&(".2.% *3$%/*!*$'@% 23%&("%6'!23&(2*3%0'!!"./'3$"30"% 2.%21/!"..2="%*3$%
+ . *
# 5-#6-#$378)!3(1-,! 0&1(2,#()2-# 9:%;<8=<(('#>?@#A'82<08B'&#C%D0#>0%E#F&'88)#*"",G)#!H-#+ . !
# I-#J-#K'')!"#$!3(1-,!+4(-,*$! ,&!,#$!0&1(2,#()2-# 9I&30L#53M<L8#NO@#A<((<32#6-#P'&L2308)# *"H,G)#Q"-#+ . +
# F%R%(%SS)!5&6&-.# *TH-#
**.#
.&!2D2384% *3$% &("%/*..*8"%+3$"!% 0'3.2$"!*&2'34% 29"94% T9%TVHJT4% 2.%O+.&% *%8''$%.&*!&9% M3"%
0'+,$%"="3%.+88".&%&(*&%2&%!"X+2!"$%*%/"!.'3% <2&(%0'3.2$"!*;,"% !("&'!20*,%.D2,,.%&'%$'%&(*&9%
C&% &("% ="!7%;"8233238%'#%&("%/*..*8"%)*+,% (*$% *,!"*$7% ."&% +/% *3% 21/'!&*3&% *3&2&(".2.%
;"&<""3% &("% 5#'',2.(3"..5% '#% &("%1"..*8"%'#% &("% 0!'..% *3$% 5&("% /'<"!% '#%E'$59% ?&%2.%
21/'!&*3&% &'% 3'&"% &(*&% 23% &(2.% .&!2D238% *3&2&(".2.% )*+,% <*.% 3'&% .*7238% &(*&% &("% 50!'..5%
2&.",#% 2.% 5#'',2.(3"..54% #'!% &(2.% <*.% 3'&% &("% !"*,% 2..+"% *00'!$238% &'% &("% .&+$7% '3%
0!+02#2@2'3% 23% *3&2X+2&79%>("% !"*,% 2..+"%<*.% &("! =%&'%=).($% *;'+&% &(*&% #'!1% '#%0*/2&*,%
/+32.(1"3&% *3$%*,,%&("%;'$7%,*38+*8"4% .'02*,%21/,20*&2'3.4%/!"O+$20".%*3$%.71;',.%&(*&%
<"!"% *..'02*&"$% <2&(% 2&9%?&%<*.% 5&("%1"..*8"%'#% &("% 0!'..54% <(20(% 3"0"..*!2,7% 0"3&!"$%
!'+3$% &("! '&8'.7.%0% 6(!2.&4%&(*&%0'3.&2&+&"$%5#'',2.(3"..5%*.% #*!%*.% &("%+3;",2"="!.% <"!"%
0'30"!3"$9%
E!"0'HZ'1*3% .'02"&7%*&&*0("$% 8!"*&% 21/'!&*30"%&'%<'!$4%./""0(%'!%1"..*8"!789:&'.;<%?3%
.+0(%.'02*,%0'3&"@&%3'%,'8'.%<*.%*0&+*,,7%53"+&!*,5%'!%=*,+"H#!""9%?3%*%.'02"&7%<(20(%<*.%
.&*&+.H0'3.02'+.4% ,'8'.%0'+,$%'#&"3%$"&"!123"% *%/"!.'3-.%<'!&(% '!%'&("!<2."%23%.'02"&79%
C.% .+0(4% 5&("%1"..*8"% ],'8'.^%'#%&("%0!'..5% 0'+,$%'3,7% ;",'38% &'% &("% ,'<".&%*3$%1'.&%
$"./2."$% '#%&("% E!"0'HZ'1*3% .'02"&74% .+0(% *.% .,*=".% *3$% 0!2123*,.4%*00'!$238% &'% &("%
.&+$7%'#%0!+02#2@2'3%*3$%3';,"%$"*&(% 23%*3&2X+2&79%?&%1+.&%&("!"#'!"%;"%*%1'.&%*.&'32.(238%
*3$%('!!"3$'+.% &(238%#'!%)*+,% &'%'/"3,7%0,*21% &(*&% .+0(% ,'8'.%<*.% 5&("%/'<"!%'#%E'$5%
L_+=*`*2ab%K"'+Qc%W+&%.+0(%<*.%(2.%="!7%/*!*$'@20*,%<*7%'#%/!"."3&238%(2.%0*."9%
M30"% )*+,-.% *3&2&(".2.% *3$% /*!*$'@% <"!"% .D2,#+,,7% /!"."3&"$4% ("% .""1"$% &'% (*="% &("%
$".2!"$% #!""$'1%&'%+."% &"!1.% *3$%"@/!"..2'3.% 23%(2.%'<3%./"02*,% <*74%*3$% 7"&%<2&('+&%
0'3&!*$20&238% (21.",#9% >(+.4% (+1*3% 5<2.$'15% .+$$"3,7% ;"0*1"% 5#'',2.(3"..54% *3$%
$2=23"% 5#'',2.(3"..5%;"0*1"% 5<2.$'159%?3% &("% "3$% &("!"% <*.% =2!&+*,,7% 3'% .+;.&*3&2*,%
+ . 4
# U''#N<BVD'(()!=$'&2'(*(),(&2.# !**W!-#
O ( (#
$2##"!"30"%;"&<""3%E'$-.% 5<2.$'15%'!%5/'<"!5%*3$%E'$-.% 5<"*D3"..54% *.% #*!%*.%)*+,%
<*.%0'30"!3"$4% *.%("%&!2"$% &'%$"1'3.&!*&"% 23%&("%="!.".%&(*&%#',,'<"$9%M3%&(2.%/*!&20+,*!%
/'23&% )20D"&&-.% ';."!=*&2'3% 2.% 23.28(&#+,B% 5&("% /*!*$'@% 2.% &(*&% &("% -<"*D3"..% '#%E'$-%
LT9F_Q% *3$% &("% -/'<"!%'#%E'$-% LT9TVQ% *!"% .73'371'+.% 23%&(*&% &("7% *!"% ;'&(%$"#23"$% 23%
&"!1.% '#% &("% 0!'..9999>("% +/.('&% '#% &(2.% ,23"% '#% !"*.'3238% 2.% &(*&% &("% .'02*,% =*,+".%
$"3'&"$%;7%&("%#',,7H<2.$'1%*3$%<"*D3"..H.&!"38&(% *3&2&(".".%(*="%;""3% .+/"!."$"$%;7%
! " #$
*3% *,&"!*&2="% ."&% '#%=*,+".% <(20(% *!"% 0"3&!"$% 23%&("% 0!'..95% >(2.",&'3-.%/'23&%2.% *,.'%
(",/#+,B% 5*3&2&(".2.% 0'3.&2&+&".% &("% D"7% &'%)*+,-.% *!8+1"3&999&("%<2.$'1H#',,7% 0'3&!*.&%
/,*7"$% *3% 21/'!&*3&%!',"% 23%&("%E!*"0'HZ'1*3% <'!,$% *3$% *,1'.&% 0"!&*23,7% !"/!"."3&"$%
&("','820*,%.,'8*3.% '!%0*&0(<'!$.95%
)*+,-.% *3&2&("&20*,%*3$% /*!*$'@20*,%<*7% '#%./"*D238% <*.% 0,"*!,7%*21"$% *&% &+!3238% &("%
.'02*,% "&('.%'#%&("% &21"%+/.2$"% $'<39%>(2.%$!*.&20% "@"!02."% <*.% 3"0"..*!7%;"0*+."%&("%
&!'+;,".'1"% 6'!23&(2*3.% <"!"% .&2,,% ="!7% 1+0(% "3.,*="$% ;7% 0+!!"3&% .'02*,% "&('.9% M3%
)*+,-.% $",2;"!*&"% 23="!.2'3%'#%&("%6'!23&(2*3.-% .'02*,%"&('.4% \*!&73% 0'11"3&.B% 5999&("%
8'./",% 2.%E'$-.% *$="3&c% C3$%#'!%&(*&% !"*.'34% &('."%<('%*!"% ;"238%!"$""1"$% $2.0'="!%
&(*&% 23%&("%"="3&%'#%&("%8'./",%E'$%23=*$".% &("2!%<2,,.4%!"*!!*38238%&("%="!7! 78$0#"%$)#!
'#% &("2!%"@2.&"30"9% C.%"="3&4% &("%8'./",% 2.% 23."/*!*;,"% #!'1%E'$%;"0*+."%E'$%(21.",#%
0'1".%'3%&("%.0"3"%23%&(*&%/!'0,*1*&2'3%23%&("%#+,,3"..%'#%(2.%/'<"!95% M30"%&("%.'02*,%
"&('.%'#%&("%6'!23&(2*3.%<*.% &+!3"$%+/.2$"%$'<34%5&("%1"..*8"%'#%&("%0!'..5% <'+,$%3'%
,'38"!%;"%&("%.+;O"0&%'#%*37%(+1*3%"=*,+*&2'3%*3$%O+$8"1"3&9%
*-*"% ded)* 2 ! > * , H% de)-% *2!'C@'! >1?/! ((76.;9@! (?@! #(76)./% N*,! >1?/% *+="*2=! >?@! &A$BA/!
$""0!O'<9# 9XK%&# <B# <8# Y&<BB'0)# ZO# Y<((# L'8B&%7# BD'# Y<8L%2# %S# BD'# Y<8')# 30L# BD'#
L<8V'&02'0B#%S#BD'#L<8V'&0<0R#O#Y<((#BDY3&B-ZXG#
+ . T
# F<V['BB)!"#$!01&--.# ,*-#+ . Q
# \D<8'(B%0)!"#$!3(1-,! +4(-,*$.# *T4)#0-#!4-#+ . ,
# N3&B70)!"#$&*&6(')*! C--D$-! (2!,#$!5$,,$1-! &E!F)D*# 9PL<0];&RD@#\-#^#\-# /(3&[)# *"",G)#!*"-#
TTF%
)*+,% 0'3&23+"$% &'% $"&(!'3"% <'!,$,7% <2.$'1% 23% 2&.% &'&*,2&7% <2&(% *% X+'&*&2'3% #!'1% ?.*9%
FG9TY% 23% T9TG9% :2&(% &(2.%X+'&*&2'3% (2.% /+!=2"<%("!"%(*$% 8'3"%#*!% ;"7'3$% &("% ;'+3$*!7%
'#% 6'!23&(% *3$% ./'D"%X+2&"%+32="!.*,,7%*;'+&%$2=23"%O+$8"1"3&% '3% &("% 5<2.$'15%'#%&(2.%
<'!,$9% W+&% )*+,% ';=2'+.,7% $2$% 3'&% <*3&% &'% 8"&% (21.",#% "3&*38,"$% 23% &("% "3$,"..%
$2.0+..2'3% *3$% $";*&"%*;'+&% &("% <(',"% 5<2.$'15% 2..+"%("!"9%f"./2&"% (2.% !"O"0&2'3% '#%
<'!,$,7% <2.$'14%)*+,% $2$% X+*,2#7% (2.% /'23&% *% ,2&&,"% ,*&"!%.*7238%&(*&%5*1'38%&("% 1*&+!"4%
<"% $'% ./"*D% <2.$'14% &('+8(% 2&% 2.% 3'&% *% <2.$'1% '#% &(2.% *8"9999W+&999E'$-.% <2.$'15%
LF9g4% UQ9%>(2.%/'23&% 2.%="!7% 21/'!&*3&%;"0*+."4%*.%:',#8*38% h0(!*8"%(*.% !28(&,7%/'23&"$%
'+&4% 5&("% 0!2&20*,% $".&!+0&2'3% '#% <'!,$,7% <2.$'1% 999$'".% 3'&% 1"*3% 2!!*&2'3*,2&7% H% 3'%
'&%0(! B8.#! #C*8&08"% L - ?%;",2"="%2&%;"0*+."%2&%2.% *;.+!$-Q9%Z*&("!% 2&%1"*3.%&(*&%&("%0!'..%
2.% *0&+*,,7% &("% $"#23238% .283% '#% *,,% <2.$'1% *3$% &("% ('!2I'3% '#% *,,% #*2&(H21/,2"$%
+3$"!.&*3$238%*3$% *,,%&("','8795JKV%
?3% =2"<% '#% &("% 0!+02*,% 0'33"0&2'3%;"&<""3% T9TV%*3$% T9TG4%2&%2.%="!7%21/'!&*3&% &'% &*D"% &("%
E!""D!6#=% L5#'!5Q% 23% T9TG% ."!2'+.,79%)*+,%(*$% *,!"*$7%.&*&"$%23% T9TV%&(*&%&("% /!"*0(238%'#%
5&("% 1"..*8"%'#% &("% 0!'..5%(*$% !".+,&"$% 23% &("% =2&*,% $2=2.2'3% '#%/"'/,"% 23&'% &<'% $2.&230&%
0*&"8'!2".B%5&('."%<('% *!"% /"!2.(2385% *3$% &('."%5<('% *!"% ;"238%.*="$59%C&% #2!.&%8,*30"4%
&(2.% $2=2.2'3% 23% T9TV% 1"!",7% *//"*!.% ,2D"% *% .&*&"1"3&% '#% #*0&4% !".+,&238% #!'1% &<'%
$2*1"&!20*,,7%'//'."$%!"./'3.".%&'% &("% 51"..*8"%'#% &("% 0!'..59%A'<"="!4% *.%6'+.*!% (*.%
!28(&,7% ';."!="$4%5&("% .&*&"1"3&%'#%=9% TV%2.%0*.&%23%*3% "3&2!",7%3"<% ,28(&% ;7% &("% X+'&*&2'3%
'#% ?.*9% FGBTY% 23% =9%TG% *3$% &("% *,,+.2'3.% 23% =9%FK59J K G%>(*&% 2.% &'% .*74% &("% <'!$! 6#=% 23% T9TG%
0,"*!,7% .+88".&"$%&(*&% &("% $2=2.2'3% 1"3&2'3"$% 23% &("% /!"=2'+.%="!."%$2$% 3'&% O+.&%(*//"3%
*.% *3% "1/2!20*,% #*0&4%2&%1+.&%*,.'%;"% &!*0"$%;*0D% &'% &("% .'="!"283%E'$% +,&21*&",79% ?3% &("%
<'!$.% '#%6'+.*!4% 52&% 2.% *% /*!&% '#% &("% $2=23"% .&!*&"87% &'% "@/'."% &("% <2.$'1% '#% &(2.% *8"%
GHI
! .J;($! K1(,(-'#$! L$-,1DK,(&2! ?$1! M$*,A$(-#$(,! N$?$D,$,! )*-&! K$(2$! C11),(&2)*(,?,.! K$(2! '1$?&! OD()!
)N-D1?DP<! M&#*! )N$1! N$?$D,$,! $-.! ?)--! ?)-! Q1$DB! ,),-?'#*('#! R&1B$('#$2! )**$1! M$(-#$(,! D2?! S&1(B&2,!
)*($2! (P!T*)DN$2! (P4*(B($1,$2! R$1-,$#$2-! D2?!)**$1! "#$&*&6($! (-,<U#A%(SR30R#UVD&3R')!L$1! +1-,$! V1($E!)2!
?($! Q&1(2,#$1# 9_;&<VD@#6'01<R'&#`'&(3R)# *""*G)# *"!-#+ . "
# /%;83&)! "#$&*&6:.! WX<!
**+#
LT9TGQ95JT K%
T9TG% <*.% *%$2!"0&%X+'&*&2'3% #!'1% ?.*9% FG9TY% LRiiB% $2>'C@'!>18@!&&E:5D@! >7&@!)&E:Y@# >/a#
>#j! )A$)(@! >Y@%'+="&*2=% N/2#7*Q4%5 ?%<2,,% $".&!'7% &("%<2.$'1%'#%&("%<2."4%*3$% <2,,% (2$"%
&("% +3$"!.&*3$238% '#% &("% /!+$"3&5Q4% "@0"/&% &("% ="!;% N/+e!0O%L5?%<2,,% (2$"54% 50'30"*,54%
5D""/%."0!"&5Q% 2.%!"/,*0"$% ;7%$E"@!2'''%L5?%<2,,% ."&% *.2$"54% 5;!238% &'%3'+8(&54% 53+,,2#754%
50'3#'+3$5Q9%W*!!"&&%&(23D.%&(*&%)*+,-.%=*!2*&2'3%1*7%;"%$+"% &'%).9% JF9TK% LRiiB% N+/2'X%
V2*'N"_$L"2% )'+C208! KZ@Y@% $E">"2% g"% Cb?:c$cOd b% ,*0'=% N*,% $K"@"&! E(&@KN''.% $/@'N!*<4%
5>("%R'!$% #!+.&!*&".%&("%0'+3.",.%'#%&("%3*&2'3.b%("%;!238.%&'%3'+8(&%*,.'% &("% !"*.'3238.%
'#% &("% /"'/,".4% *3$% ;!238.% &'% 3'+8(&% &("% 0'+3.",.% '#%/!230".95Q4% 23%'!$"!% &'%1*D"% &("%
X+'&*&2'3%1'!"%.+2&*;,"%&'%(2.%*!8+1"3&9JTT% >(2.%2.%;"0*+."%$""&!2''Q%2.%*%1+0(% .&!'38"!%
="!;%&(*3%N/+=]P'Q%*3$%(*.% &("%.*1"%#'!0"%*.!)[2&\,(% 5 ?%<2,,% $".&!'759%
T9TG% 3'&%'3,7%"3#'!0"$%)*+,-.%/'23&%23%=9%TV4% ;+&%*,.'% ."!="$% *.% *%.&"!3%<*!3238%&'%&('."%
<('% 0'3.2$"!"$% &("1.",=".% 5<2."5% *3$% <('% !"8*!$"$% &("% 1"..*8"% '#% &("% 0!'..% *.%
+@'/2'09JTF% >(2.",&'3% *0D3'<,"$8".% &("% .+2&*;2,2&7% '#% &("% /*!*,,",% <(20(% )*+,% $!"<%
;"&<""3% &("% ?.*2*320% 0'3&"@&% *3$% (2.% '<3B% 5*8*23.&% &("% ;*0D8!'+3$% '#% ?.*2*(% FG% &("%
0'3&!*.&% .+88".&.% *% /*!*,,",% ;"&<""3% &("% =+,3"!*;2,2&7% *3$% #!*82,2&7% '#% &21"% ./"3&%
$"=2.238% .&!*&"82".% #'!% .",#H/!"."3&*&2'3% '!% .",#H"3(*30"1"3&% *.% *8*23.&% .""D238%
*,2831"3&% '#% &("% .",#% <2&(% &("% $2=23"%/+!/'."95JTJ% ?3% &("% ?.*2*320% 0'3&"@&4% ?.*9% FG9TY4%
#!'1%<(20(% )*+,% X+'&"$4% ;",'38.% &'%d*(<"(-.% O+$8"1"3&% '!*0,"% *8*23.&% S+$*(% <('."%
3*&2'3*,% ,"*$"!.%(*$%/+&%&("2!%&!+.&%23%&("2!%'<3%(+1*3%<2.$'1%*3$%$"=20".% ;7%"3&"!238%
23&'% *%0!+02*,%&!"*&7% <2&(% k87/&%!*&("!% &(*3%;",2"=238%23%d*(<"(%&(!'+8(%&("%<'!$.%'#%
A2.% /!'/("&9%:(*&%<*.% 23=',="$%("!"%<*.%0,"*!,7%*%5<2.$'15%2..+"4%29"9%(+1*3%<2.$'1%
C * a
# /%;83&)! "#$&*&6:.# !"-#+ * *
# 63&&'BB)!"#$!3(1-,!+4(-,*$.# T!-#+ * !
# K'')!"#$!3(1-,! +4(-,*$.# Q"W,.-#+ * +
# \D<8'(B%0)!"#$!3(1-,!+4(-,*$.# *Q!-#
TTY%
*8*23.&% &(*&%'#%d*(<"(-.% *.% &("%'!2823*,% &"@&%0,"*!,7%.&*&"$B% 5.'% ?%<2,,% $'%*1*I238%&(238.%
<2&(% &(2.%/"'/,"4% .('0D238%*3$%*1*I2389%>("%<2.$'1%'#%&("2!%<2."%.(*,,%/"!2.(4%*3$%&("%
$2.0"!31"3&% '#% &("% $2.0"!3238% .(*,,%;"% (2$$"35% L?.*9% FG9TY4% lZhjQ9% >("% "1/(*.2.%'#%
d*(<"(-.% .&"!3% /!'3'+30"1"3&% <*.% 0,"*!,7% '3% &("% $".&!+0&2'3% '#% &("% <2.$'1%'#% &("%
<2."9%h212,*!,74% 23%&("%6'!23&(2*3%0*."4%&("%0!+02*,%1*&&"!%<*.% *,.'%&(*&%'#%5<2.$'154% .'%
&(*&% *.% ,'38% *.% (+1*3% 5<2.$'15%/!"=*2,"$4% 5&("% 1"..*8"% '#% &("% 0!'..5% <'+,$% ;"%
!"8*!$"$% *.% 5#'',2.(3"..5%*3$%0'3."X+"3&,7% !"O"0&"$%;7%&("% 5<2."59%h+0(% 5<2.$'154%*.%
<*.% &("% 0*."% 23% ?.*9% FG9TY4% 1+.&% ;"% $".&!'7"$% .230"% 5&("% <'!,$% $2$% 3'&% D3'<%E'$%
&(!'+8(% ]2&.%'<3^%<2.$'159%>("% *//!'/!2*&"3"..% '#%)*+,-.% !"#"!"30"% &'% ?.*9% FG9TY% 2.%
&("!"#'!"%X+2&"% *//*!"3&9%
?&% 2.% *,.'% .2832#20*3&%&'% 3'&"% &(*&% S+$*(-.% !",2*30"% '3% ("!% '<3% (+1*3% <2.$'1% <*.%
23."/*!*;,7% ,23D"$% &'%&("%3*&2'3-.% ,*0D%'#%&!+"%<'!.(2/%*3$%0!"$2;,"%./2!2&+*,2&79%A+1*3%
5<2.$'15%0'+,$%;"%.*2$%&'%;"%&("%="!7%!''&%0*+."9%?.*9%FG9TJ%'/"3,7%$"0,*!"$B%5>("%R'!$%
.*2$B%W"0*+."%&("."%/"'/,"% $!"<%3"*!%<2&(% &("2!%1'+&(.% *3$%('3'+!%1"%<2&(% &("2!% ,2/.4%
<(2,"% &("2!%("*!&.%*!"% #*!%#!'1%1"4% *3$% &("2!%<'!.(2/%'#%1"% 2.%*%(+1*3% 0'11*3$1"3&%
,"*!3"$%;7%!'&"59%>("%(2.&'!20*,%0'3&"@&.%'#%?.*2*(%*3$%6'!23&(%<"!"%*$12&&"$,7%$2##"!"3&9%
A'<"="!4% .212,*!% &'% &("% ?.*2*320% 0*."4% &("% 5<2.$'15%/!';,"1% 23% 6'!23&(% <*.% *,.'%
0,'.",7% !",*&"$% &'% &("% 21/'!&*3&%1*&&"!.% '#%<'!.(2/% *3$% ./2!2&+*,2&79% 6(+!0(%$2=2.2'3.4%
&("% $2.'!$"!,23"..% 23%&("% *$1232.&!*&2'3%'#%&("%R'!$-.%.+//"!% L0(9 , ,Q% *3$% &("%*;+."%*3$%
12.+."% '#% ./2!2&+*,%82#&.% L@*/2'`2*!*4% 23% 0(.9% TFHTYQ% <"!"% 0,"*!% "@*1/,".9% >("% <'!$.%
51'+&(.5% *3$% 5,2/.5% 23% ?.*9% FG9TJ% 0'+,$%!"123$%'3"% '#%(+1*3% ./""0(% *3$% ",'X+"30"4%
&(!'+8(%<(20(%(+1*3%5<2.$'15%#'+3$%2&.%21/!"..2="%"@/!"..2'39% ?&%<*.%/!"02.",7% 23%&("%
*!"*% '#% ./""0(% '!% ",'X+"30"% &(*&% &("% 6'!23&(2*3.% (*$% ."!2'+.% &!'+;,"4% *1'38.&% '&("!%
/!';,"1.9% W+&% 2!'320*,,74% 2&%<*.% *,.'% /*!&20+,*!,7%23% 5./""0(% *3$% D3'<,"$8"% '#%"="!7%
D23$5! 13/! $#/2,! 3(68% N*2% 2!*'!O! 6/8#).5% &(*&% &("%6'!23&(2*3.%(*$%;""3%1'.&% 5"3!20("$5%
**T#
*.%)*+,%(21.",#% !"*$2,7%*0D3'<,"$8"$%*&%&("%;"8233238%'#%(2.%,"&&"!% LT9_Q9% ?&%2.%&("!"#'!"%
3*&+!*,% *3$% +3$"!.&*3$*;,"% &(*&% )*+,% .('+,$%$"*,%1'.&% #2!1,7% <2&(% &("% 5<2.$'15%*3$%
5./""0(5%/!';,"1.9% [23*,,74% 23%;'&(% &("% ?.*2*320% *3$%6'!23&(2*3%0*.".4% &("%O+$8"1"3&%
<*.%0,"*!B%>("%'="!&(!'<238%'#%(+1*3%5<2.$'15%*3$%&("%=23$20*&2'3%'#%E'$-.%<2.$'1b%
*3$%23%&("%6'!23&(2*3%0*."4%23%*3$%&(!'+8(%6(!2.&%0!+02#2"$9%)*+,%23%T9TG%(*$%'3,7%X+'&"$%
&("% ."0'3$% (*,#% '#%?.*9%FG9TY9%W+&%&("% #2!.&% (*,#% '#%&("%="!."%<*.% *,.'%1"*3238#+,%<("3%
*//,2"$%&'%&("%6'!23&(2*3%.2&+*&2'34%"./"02*,,7%23%!",*&2'3%&'%5&("%1"..*8"%'#%&("% 0!'..59%
>(2.%<*.%<(*&%&("%R'!$%.*2$%23%?.*9%FG9TY*B%NhW?% &gm3% 3&3Hf*!!3N% Ne3 T m% e/!% -<3! D*C%5.'%?%
<2,,% *8*23%$'!#"#E.$-% &(238.%<2&(% &(2.%/"'/,"4% .('0D238%*3$%*1*I23895JTY%C.%&("%.&+$7%
'3% 0!+02#2@2'3%23%*3&2X+2&7%(*.% .('<34%2&%<*.%*%1'.&%5.('0D2385%#'!1%'#%"@"0+&2'39%W+&%
&("% +&&"!,7% 5*1*I2385% &(238% <*.% &(*&% E'$% 23% A2.% <2.$'1%(*$% 3'<% +."$% &(2.% 1'.&%
5.('0D2385% #'!1% '#% "@"0+&2'3% *.% A2.% 1"*3.% '#% (+1*3% .*,=*&2'39% :(2,"% 2&% <*.%
+3$'+;&"$,7% 5.('0D2385%&'%5&('."%<('%*!"% /"!2.(23854%!"8*!$238%2&%*.% 5#'',2.(3"..54%2&%
<*.%1'.&%5*1*I2385%&'%&('."%5<('%*!"%;"238%.*="$59%
*-!.% 2>'#2%''0;'09b% ?>MM% d/*<2*@"+0bb% >>Mn% '+6!!0>70!2&b% >Mn% M6?oj6lb% >Mn>Mnb! &@:;<% "+@'/*="=%g%
K"g0!>18@% ''Yp2*=% >Mn% NMMnHMne# 9XAD'&'#<8#BD'# %0'#YD%# <8#Y<8'f#AD'&'#<8#BD'#8V&<]'f#
AD'&'# <8# BD'# L']3B'&# %S# BD<8# 3R'f# $38#0%B# I%L#23L'# S%%(<8D# BD'# Y<8L%2# %S# BD'#
Y%&(LfXG#
>("%/+!=2"<%'#%)*+,-.% 0'30"!3% ;"0*1"%"="3% 0,"*!"!% 23%&("% 3"@&% #"<%="!.".%LT9FKHF_Q%
<("!"% ("% !"#"!!"$4%23%="!7%;!'*$% *3$% 8"3"!*,% &"!1.4% &'% &("% 5<2."5%*3$% 5&("% .0!2;"5% *.%
<",,%*.%5&("%$";*&"!% '#%&(2.%*8"5%*3$%5&("%<2.$'1%'#%&("%<'!,$5% L&#`j! )&,:]()@% >Mn% NMMe?Mn4%
T9FKQ9% h212,*!,74% &("% &"!1.% 5E!""D.5% *3$% 5S"<.5% LT9FFHFYQ% 1+.&% *,.'% ;"% /+&% 23% &("%
+ * 4
# :gg# O83<3D% FG-*4@# Q<3% >Mn>M# (T%<G# '7Y# <\M%3"&h%;G% >MM# <<'\3U'(&3<-% >Mj! \)N@! >&P&@! FG\! 8(,()<Z18&D^!
M6n>Mn?b% N6n# L<&%bEL! >18@# 3%VS<B3=! >A@! &&E:,(@% Nai?! B18@! )A$)(@% >:j# 3;='B;=# >M;=9h3G# 9X\D'&'S%&'#]'D%(L)# O#
Y<((# %0V'#3R3<0#L'3(#23&='(%;8(7#Y<BD#BD<8#M'%M(')# Y%0L&%;8(7#23&='(%;8-#b0L#BD'#Y<8L%2#%S#BD'<&#Y<8'#
2'0#8D3((#M'&<8D)#30L#BD'#L<8V'&02'0B#%S#BD'<&#L<8V'&0<0R#2'0#8D3((#]'#V%0V'3('L-XG-#
**Q#
;!'*$".&% 0'3&"@&.9% A"!"% \*!&73% 2.% !28(&% 23% !"0'832I238%&("% #*0&% &(*&% 5&("!"% *!"% &<'%
'//'.238%<'!,$.%23%)*+,-.% */'0*,7/&204%&(*&%2.%&("%M,$%C8"%*3$%&("%3"<%0!"*&2'345%*3$%
&(*&%5)*+,%."".%&(*&%&("%0'1238%'#%6(!2.&%2.%&("%23=*.2'3%'#%6(!2.&9%C3$%*.% 23=*.2'34%&(*&%
+*T#
"="3&%(*.%+3,"*.("$%*%0'.120%0'3#,20&4%23$""$!)+%%0'.120%0'3#,20&95%
?&% 2.%21/'!&*3&%&'%3'&"%&(*&%)*+,-.% "1/(*.2.% <*.%'3%E'$-.% <2.$'1%<(20(%<*.%!"="*,"$%
*3$%/'<"!#+,,7%$"1'3.&!*&"$% 23%*3$%&(!'+8(%6(!2.&%0!+02#2"$%*.%<",,% *.%'3%&("%.*,=*&2'3%
'#% &('."% <('%;",2"="$9%>("!"%<*.% 3'%.+88".&2'3% 23%)*+,-.% *!8+1"3&% &(*&% &("%6(!2.&2*3%
;",2"="!.%'!%&('."%5<('%*!"%;"238%.*="$5%(*="%3'<%;""3!"#0%! H.*%% '!!#==%#&%0! H.*%%23%
(+1*3% &"!1.% ;7% =2!&+"% '#%&("2!% .*,=*&2'39%?3%#*0&4%&("% ;",2"="!.% <'+,$% 0'3&23+"%&'% ;"%
,''D"$%+/'3%*.%;"238%5#'',2.(5%LT9FUQ%;7%&("%+3;",2"=238%<'!,$%*.% ,'38%*.%5&("%1"..*8"%
'#%&("%0!'..5%0'3&23+"$%&'%;"%!"8*!$"$%*.%5#'',2.(3"..5%;7%2&9%
>("%!("&'!20*,%X+".&2'3.% 23% T9FK% 0,"*!,7%.+88".&"$% &(*&%)*+,%<*.% 8'238% &'%",*;'!*&"%'3%
(2.%*!8+1"3&%*8*23.&%(+1*3%<2.$'1%#!'1%&("%/"!./"0&2="%'#%&("%0!'..9%)*+,-.% X+".&2'3.%
H%5<("!"%2.%&("%'3"%<('%2.%<2."m%:("!"%2.%&("%.0!2;"m5%H% 1*7%(*="% .'1"%M>%h0!2/&+!".%
;"(23$% 2&4% 29"94%?.*9% TG9TF%LRiiB% >>Mf% " + + =! @D@% '2% ''e03% ''+b%5<("!"%*!"%3'<%7'+!%<2."%
1"3m5Qb% JJ9TV% L>>Mn% " , ' 2 2 b% ' ,% 7 / ' < * > 2 N ' 2 b% 5<("!"% *!"% &("% .0!2;".m5Q9% >("% +."% '#% &("%
23&"!!'8*&2="%<*.%*%#'!1%'#%*!8+1"3&%<(20(%0'+,$%;"%#'+3$%*,.'%23%"@&!*HM,$%>".&*1"3&%
,2&"!*&+!"9JTg%
)*+,-.% !"#"!"30"% &'% 5&("% <2."5! 7)&,:&'.;.% 5&("% $";*&"!5% L'+q!7!!>!2abQ% *3$% 5&("% .0!2;"5%
Ld/X2 2*>"+abQ%23%T9FK%<*.%0,"*!,7%/',"120*,9JTU%
N3&B70)!"#$&*&6(')*! C--D$-.# !H*W!-#+ * Q
# /%01'(2300)#,!0&1(2,#()2-.# 4+-#+ * ,
# U''#b&VD<]3(L#5%]'&B8%0#30L#b(S&'L#F(;22'&)#b!01(,(')*! )2?!+>$6$,(')*! 0&PP$2,)1:_! 3(1-,! +4(-,*$!&E!
%,! F)D*! ,&! ,#$! 0&1(2,#()2-# 9PL<0];&RD@#\-#^#\-#/(3&[)# *"Q,G)# *"W!.-# /%01'(2300)#,! 0&1(2,#()2-.# 4+-#
\D<8'(B%0)! "#$!3(1-,! +4(-,*$.# *Q4-#
**,#
>("%/(!*.".%@'+% 0$0$=0@b% >Mn>Mn% L5'#%&(2.% *8"5Q% *3$% >MM% NMM`S4Mn% >Mn>Mn%L5'#%&("% <'!,$5Q%
'00+!!"$% 23%)*+,-.%<!2&238.%!*&("!% '#&"3B%5*8"5% L'02+=Q% LJT%@Q4%5<'!,$5% LNgM`?MM% LYU%@Q9%
h'1"&21".% &("."%&"!1.%<"!"%+."$%;7%)*+,%.73'371'+.,79%h212,*!,74%)*+,%*,.'%"1/,'7"$%
"@/!"..2'3.% ,2D"% 5<2.$'1%'#% &("% <'!,$54% 5<2.$'1%'#% &(2.% *8"5% *3$% 5<2.$'1%'#% &(2.%
<'!,$5%X+2&"%#!"",7%LT% 6'!9% T9FKb% F9gb%J9TGQ9JTV%
W*!0,*7% !28(&,7% .+88".&.% &(*&% -5&(2.% <'!,$-% *3$% -&("% /!"."3&% *8"-% *!"% ./'D"3% '#% 23%
0'3.2.&"3&,7% $"!'8*&'!7% &"!1.% &(!'+8('+&% &("% ,"&&"!4% #'!%&("74% &'8"&("!% <2&(% &("2!%!+,"!.4%
*!"% $''1"$% &'%21123"3&%$".&!+0&2'3% LT9TVHF9Vb% J9TVHFKb% U9JTQ95JTG%C$*1.% .+88".&.%&(*&%
5)*+,% .D2,#+,,7% &+!3.% &("% 0'3="3&2'3*,% 2$"','820*,% *..'02*&2'3.% '#! Q&)`(&'.% &'% (2.%
*$=*3&*8"9%W7%,23D238% NMMn9Mab%<2&(%g%*,<=% Mn>Mo4%&("%',$%*8"%$"/'."$%23%&("%*/'0*,7/&20%
O+$8"1"3&% '#%&("%0!'..4%)*+,%."&.%&("%$'123*3&% .'02*,%.7.&"1% 0'3="3&2'3*,,7%*..'02*&"$%
<2&(4%*3$%,"82&212I"$%;74%NM6eMm% 23!)2,(,#$-(-% &'%E'$-.% 3"<%'!$"!95JFK% ['!%)*+,4%&("%3"<%
5*8"5% '!% 5<'!,$5% (*$! )*1$)?:% *!!2="$%<2&(% &("% 0!+02#2@2'3%'#%6(!2.&%*3$%(2.%.+;."X+"3&%
!".+!!"0&2'34% *,&('+8(% &("% "3$% <*.% .&2,,! 2&,!:$,<% >(2.% /'23&% <*.% *,!"*$7% 1*$"% 23% T9V%
<("!"% )*+,% !"#"!!"$% &'% 5&("% $*7% '#% '+!% R'!$% S".+.%6(!2.&5% L"=% & # O! 14<K4)% >MM% N+/2'+%
#``20O=% -?3''M% ]i/2'&'+^Q% *3$% ,*&"!% 23% 0(*/&"!% T_% <2&(% !"8*!$% &'% &("% ;",2"="!.-% #+&+!"%
!".+!!"0&2'39%h*.."%2.%*//*!"3&,7% 0'!!"0&% 23%.+88".&238% &(*&%<(2,"%&("%M>%*3$%S"<2.(% 2$"*%
(*$%;""3%&*D"3%'="!%;7%&("%l>4%&("!"%<*.%="!7%.2832#20*3&%3"<%$"=",'/1"3&%;"0*+."%'#%
&("% 6(!2.&% "="3&% L0#9% A";9% , 9 ,M##b% TJ9Vb% Z"=9% T9TUQ9% ?3% '&("!% <'!$.4% &(!'+8(% &("%
0!+02#2@2'3% *3$% !".+!!"0&2'3% '#% 6(!2.&4% "&"!32&7% <*.! )*1$)?:% *% /!"."3&% !"*,2&79%
>(2.",&'3% (*.% *% 8''$% /'23&%<("3% ("% /!"#"!.% &("% &!*3.,*&2'3% 5'#%&(2.% <'!,$% '!$"!5% L>Mn%
)(Y@&'.% >Mn>MnQB% 5C/'0*,7/&20%0'3&!*.&.% "@/!"..% 23% &"1/'!*,% &"!1.% !"*,2&2".% <(20(% 23%
"##"0&%*1'+3&% &'%*%$2##"!"30"%;"&<""3% &<'%<'!,$%'!$"!.99%99A"30"%<(*&%*//"*!.%*.% -#',,7-%
+ * H
# U388')! "La"#*-!.+-#
+ * "
# 63&V(37)# \D'883(%0<V3#30L#/%&<0BDZ)#T"-#+ ! .
# bL328)!0&2-,1D',(26! ,#$!M&1*?_! b!%,D?:! (2!F)D*]-! 0&-P&*&6(')*! 5)26D)6$# 9PL<0];&RD@#\#^#\#/(3&[)#
!...G)# **+-#+ ! *
# U388')! "La"#*-!.!-#
**H#
'!% -<"*D3"..-% *.% 2&% 2.%O+$8"$% <2&(23% &("% =*,+".% *3$% #!*1"%'#% &("% ',$%<'!,$% '!$"!999*&%
'30"% *//"*!.% *.% -<2.$'1-% *3$% $2=23"% -/'<"!-9% >("% &(!""% .&*&+.H!",*&"$% &"!1.% .*8"4%
"@/"!&4%*3$%$";*&"!%!"0"2="%*%$2##"!"3&%"=*,+*&2'3%<2&(23%*%$2##"!"3&%<'!,$% '!$"!95JFF%
[!'1%<(*&%(*.%;""3%0'3.2$"!"$% .'%#*!4%2&%2.%3'&%$2##20+,&%&'%+3$"!.&*3$% <(7%)*+,% (*$%&'%
1*D"% *% .(*!/%0'3&!*.&% ;"&<""3% &(2.%*8"% *3$% &("% *8"% &'%0'1"% 23%!",*&2'3%&'%&("%<2.$'1%
*3$%/'<"!%2..+".4%;"0*+."%&<'%"3&2!",7%$2##"!"3&%<'!,$%=2"<.%<"!"% 23=',="$%("!"9%
)*+,-.% #',,'<H+/%X+".&2'3% 23% T9FK;% 128(&%*0&+*,,7%;"% !"8*!$"$% *.% *% D23$% '#%!("&'!20*,%
*3.<"!% &'% &("% #2!.&% &(!""% 23% T9FK*9% >(*&% 2.% &'% .*74% E'$! +#0! .$0%%0% 51*$"% #'',2.(5%
L"+HEO/*7"7Q%&("%<2.$'1%'#%&("% <'!,$4% 230,+$238%&("% 5<2.$'15%'#%&("!((76('44% d/*+22*&"+o%
*3$% *+6!>!>!ab%&(!'+8(%56(!2.&%0!+02#2"$5%LT9FJQ9%>("%/'23&%'#!0./.$%! .$.).#)./%% L'!%/!"H
"1/&2="%*0&Q%1+.&%;"%0,"*!,7%3'&"$%("!"9%>(*&%2.4%E'$!#,&%#06! +#04%23%*3$%&(!'+8(%6(!2.&%
0!+02#2"$4%&*D"3% &("% 232&2*&2="% &'%1*D"% #'',2.(%&("%<2.$'1%'#%&("%<'!,$9%:",,! C%7(&%% &("%
1"..*8"%'#%&("%0!'..%<*.%/!'0,*21"$%;7%)*+,4%*3$%*&%&("%="!7%0!+02#2@2'3%'#%6(!2.&4%E'$%
(*$! #,&%#06% 51*$"%#'',2.(%&("%<2.$'1%'#%&("%<'!,$59%>(2.%/'23&%1*7%(",/%&'%$"&"!123"%
2#% &("% 2$"*%'#%5#'',2.(3"..5%<*.!7.&*)% *.0!2;"$% &'%&("%1"..*8"%'#%&("%0!'..%;7%&('."%<('%
(*$% !"O"0&"$% 2&%L:",;'!3-.%/'.2&2'3Q%'!% .'1"&(238% <(20(% (*$! #,&%#06% ;""3! #$).'.=#)%0!
;7%)*+,%<('%<*.%D""3,7%*<*!"%'#%&("%<'!,$-.%*&&2&+$"%&'<*!$.%&("%0!'..%*3$%0!+02#2@2'39%
>(2.% &(".2.% 2.% 230,23"$% &'% &*D"% &("% ,*&&"!% /'.2&2'39%?3% #*0&4%82="3%)*+,-.% /!"H0'3="!.2'3%
S"<2.(% *.% <",,% *.% E!"0'HZ'1*3% ;*0D8!'+3$.4% 2&%2.% !"*.'3*;,"% &'%*..+1"%&(*&% )*+,% L'!%
h*+,% &("3Q% <'+,$% 1'.&% /!';*;,7% (*="% .(*!"$% &("% /!"O+$20"%'#! C()+% S"<.% *3$% Z'1*3.%
0'30"!3238% &("% 0!'..% 23% 8"3"!*,% *3$% &("% 0!+02#2"$%6(!2.&% 23%/*!&20+,*!9%>("% .+88".&2'3%
&(*&% )*+,% (*$% *,!"*$7% *3&202/*&"$% &("% !"O"0&2'3% '#% 5&("% 1"..*8"% '#% &("% 0!'..5% 2.%
&('!'+8(,7% 0'3.2.&"3&% <2&(% &("% .&+$7% '#% 0!+02#2@2'3% 23% *3&2X+2&7% *3$% &("% 0'30"/&% '#%
53';,"%$"*&(5%23%&("%E!"0'HZ'1*3% &!*$2&2'3%*.%<",,% *.%&("%.'02*,%"&('.%'#%)*+,-.%&21"9%
+ ! !
# \D<8'(B%0)!"#$!3(1-,! +4(-,*$.# *QT-#
TTG%
:2&(%!"8*!$.% &'!K`(D^4)@$@.%6'3I",1*33%2.%!28(&%23%&(23D238%&(*&%5)*+,%$'".%3'&%.*74%-E'$%
.('<.% &(*&%&("%<'!,$% 2.% #'',2.(4-% ;+&% -E'$%1*D".% 2&.%<2.$'1%#'',2.(95- J F J%\*3-.%"3&2!"%
5<'!,$5% (*$% 3'<% ;""3% &+!3"$% 0'1/,"&",7%+/.2$"% $'<34%;"0*+."% '#% &(2.%1'.&% $!*.&20%
23="!.2'3%'#%(2.%<(',"%.'02*,%"&('.9%A*7.%2.%&("!"#'!"%/"!0"/&2="%<("3%("%.*7.%&(*&%5&("%
0!'..%;"0'1".%&("%.&*!&238%/'23&%#'!%*3%"/2.&"1','820*,%!"=',+&2'39%>(+.4%)*+,%/!'=2$".%
&("% 0*&"8'!2".% 3"0"..*!7% #'!%*% #!".(%0!2&20*,% "=*,+*&2'3%'#%$2=2.2'3.%23%&("% 0(+!0(%*3$4%
1'!"% #+3$*1"3&*,,74%'#%'+!%+3$"!.&*3$238% '#%<2.$'14% /'<"!4% *3$%<"*,&(9%['!% *37'3"%
<('% 8!*./.% &("% /*!*$'@20*,% ,'820% '#% &(2.% &"@&4% &("% <'!,$% 0*3% 3"="!% ,''D% &("% .*1"%
Z("&'!20*,%",'X+"30"% <*.% *%1'.&%(28(,7% .'+8(&% *#&"!%*3$%!"./"0&"$% .D2,,% 23%)*+,-.% &21"9%
k,'X+"3&%'!*&'!.% &("3%128(&%;"%0'1/*!"$%&'%&("%5.&*!.5%*3$%5.+/"!.&*!.5%'#%&("%<'!,$%'#%
"3&"!&*231"3&% '!% &("% <'!,$% '#%./'!&.% 3'<9%?&%1+.&% &("!"#'!"%;"%1'.&% .('0D238%&'%("*!%
)*+,% .*7238% &(*&% E'$% 23%6(!2.&%(*$% 3'<% 51*$"% #'',2.(5% *,,%'#% &(2.9% 5:("!"% *!"% &("7%
3'<m5%)*+,%*.D"$%!("&'!20*,,7%;+&%1'.&%.',"13,7%L0#9%?.*9%TG9TFQ9%
*-!*% Y2!"2_#2! :)4! K@% & # O# %%4p+@% @'+% E"'+% MnN% "7='Q% g! FGG?IG;4% h2*% >#Q69% M6ASA6Nb% >Mj%
Z$&@.% r;_'N>`'"=% g% E"'09% h22@% @#`09% ,*0'/2*8% >MM% N!2/+73*>'09% '0h'*2% >Mn69! "J()>$(&@")c!
7U3&1# 8<0V')#<0#BD'#Y<8L%2#%S#I%L)#BD'#Y%&(L#L<L#0%B#[0%Y#I%L#BD&%;RD#Y<8L%2)#
I%L# L'V<L'L)# BD&%;RD# BD'# S%%(<8D0'88# %S# %;&# M&%V(323B<%0)# B%# 83='# BD%8'# YD%#
]'(<'='-XG#
>("%'/"3238%.&*&"1"3&% 23%T9FT*%0,"*!,7%21/,2"$% &(*&% &!+"%D3'<,"$8"%*;'+&%E'$%$2$%3'&%
;",'38% &'% &("% <2,,% '!% *+&'3'17% '#%&("% <'!,$9% 6'+.*!% 2.% !28(&% 23%&(23D238% &(*&% T9FT% 52.%
+ ! +
# /%01'(2300)!/!0&1(2,#()2-.# 4+-#+ ! 4
# $378)!3(1-,! 0&1(2,#()2-.# !,-#
*!.#
+3"X+2='0*,% *;'+&% &("% 230*/*02&7% '#% (+1*3% <2.$'159% >!+"% D3'<,"$8"% '#%E'$4%'!%
*;'+&% E'$4%<*.% *%1*&&"!% '#%$2=23"%232&2*&2="%*3$%2&%0'+,$%'3,7%;"% 82="3%&'%&("%<'!,$% *.%
A2.%82#&9%)*+,-.%.&*&"1"3&% 1*$"%2&%0,"*!% &(*&%2&%<*.%523%&("%<2.$'1%'#%E'$5!13/% & # O! ((76J.#!
&'M%K"'MQ%&(*&%.+0(% .('+,$%;"%&("%0*."9%f*=2$%E*!,*3$%1*D".%*%.2832#20*3&%/'23&%&(*&%.2@%
02&*&2'3.% '#% &("% A',7% h0!2/&+!"% *//"*!% 23% T9TVHJ9FJ% LT9TG4% JTb%F9G4% Tgb% J9TG4% FKQ9% C,,%
&("."% 02&*&2'3.% 1*$"% &("% .*1"% 21/'!&*3&% /'23&% &(*&% &("% <'!,$% .21/,7% 0'+,$% 3'&%
0'1/!"("3$%E'$-.% <*7%&(!'+8(%2&.%'<3%<2.$'19JFg%:(*&%(*.%;""3%.*2$%.'%#*!%*;'+&%&("%
23*$"X+*07% '!%#*2,+!"%'#%(+1*3%<2.$'1%<*.% *,.'% &('!'+8(,7%0'3.2.&"3&% <2&(%<(*&%)*+,%
.*2$% *;'+&% $2=23"%!"=",*&2'3%*3$% &("% h/2!2&% 23%F9gHTg9%W+&%&("%"3$% '#%/"!.'3-.%!'*$%<*.%
&("% ;"8233238% '#% E'$-.% <*79% >("% ,*.&% .&*&"1"3&% '#% T9FT% ;!'+8(&% &!+,7% 8''$% 3"<.%
&(!'+8(% $2=23"% <2.$'14% ;"0*+."% 5E'$% $"02$"$4% &(!'+8(% &("% #'',2.(3"..% '#% '+!%
/!'0,*1*&2'34% &'% .*="%&('."%<('%;",2"="59%>("!"% <*.% .'1"&(238% ="!7%/*!*$'@20*,% *3$%
2!'320*,%("!"4%29"94%5&("%<2.$'1%'#%E'$5%<*.%!"="*,"$%5&(!'+8(%&("%#'',2.(3"..5%L_2*%&!7b%
n&'/2*M% '#% &("% 6(!2.&2*3% /!'0,*1*&2'39% >("% '="!*,,% 0'3&"@&% '#% &("% 6'!23&(2*3%
0'!!"./'3$"30"% 23$20*&"$%&(*&% 5#'',2.(3"..5%!"#"!!"$%&'%;'&(%&("! '($)%$)% L1"..*8"Q%*3$%
2&.!=&(',#"#).($% L53'&% <2&(% ",'X+"3&% <2.$'154% T9TUQ9% R2% 2.% &(+.% !28(&B% 5&("%0!+02*,%
&"!1#><M;7<<3% 23% T9FT% *8*23%/!"."!=".%)*+,-.%$+*,%"1/(*.2.%+/'3% #'!1%*3$%0'3&"3&% *3$4%
23% &(2.% ."3."4%.&*3$.%.73'371'+.% <2&(% -&("% <'!$% '#%&("% 0!'..-% '#% T9TV9%C.% 23%&(*&% #2!.&%
!"#"!"30"%&'%n&'/2*4%2&%2.%("!"%3'&%.21/,7%&("%0!'..%&(*&%2.%#'',2.(b%&("%#'',2.(3"..% 0'3.2.&.%
'#% &("% /!'0,*1*&2'3%'#%&("% 0!'..5%J F U% >(2.%/'23&%<*.% ="!7%21/'!&*3&4%;"0*+."%&("% <'!,$%
(*$%3'&%'3,7%!"8*!$"$%)*+,-.%51"..*8"%'#%&("%0!'..5% *.%n&'/2*4%&("%="!7!"#$$%&% '!! 7(&"!
'#% )*+,-.% /!"."3&*&2'3% <*.% *,.'% +321/!"..2="% *3$% +3*00"/&*;,"4% *00'!$238% &'% 0+!!"3&%
!("&'!20*,% &("'!7%*3$%/!*0&20"9%)*+,%<*.%"=2$"3&,7%="!7%0'3.02'+.% '#%&(2.%*3$%&("%3""$%&'%
!"./'3$% &'% 2&4%<(20(%<*.% <(7%("% "1/(*.2I"$% !"/"*&"$,7% &(*&% ("%<*.% ."3&%5&'%/!'0,*21%
/%;83&-!"#$&*&6:.# !"-#
J3=<L#P -# I3&(30L)!/!0&1(2,#()2-# 9I&30L#53M<L8@#63['&#bV3L'2<V)#!..+G)#T"-#
:<BS<0)!F1&'*)P),(&2.# *"H-#
TFT%
&("%8'./",9993'&%<2&(% ",'X+"3&% <2.$'15%LT9TUQ%*3$% &(*&%(2.%5./""0(%*3$999/!'0,*1*&2'3%
<"!"%3'&%<2&(%/,*+.2;,"%<'!$.%'#%<2.$'15%LF9YQ9%
:(*&% (*.% ;""3% .*2$% (*.% 0,"*!,7% .('<3% &(*&% )*+,-.% 0'30"!3% <*.% #*!%1'!"% &(*3%O+.&% *%
0'1/*!2.'3%'!%0'3&!*.&% ;"&<""3% (+1*3%*3$%$2=23"%<2.$'1.4%;+&%&("%"3&2!"%"30'+3&"!%'#%
&<'! H(&,0! (&0%&*>% >(2.%/'23&%2.%1'.&% 0!+02*,%&'%&("%/!"."3&%&(".2.%<(20(% .""D.%&'%.('<%
&(*&%)*+,-.%51"..*8"%'#%&("%0!'..5%<*.%3'&(238%,"..%&(*3%&("%23="!.2'3%'#%&("%.'02*,%"&('.%
'#%(2.%&21"9%
*-!!% r2!r2g#`%N'$% -?'+_'+'2% '3*H",*# 3<B%;%<H=% N*,% 5k\9!="ab%''0;2*=% q!i\%c%<-=)9XK%&# C'Y8#
L'230L# 8<R08# 30L# I&''[8# L'8<&'# Y<8L%2)XG# !+! 188(YZ%_"% N2/+'''+e=% i/2'&'=%
4%\3;M3Q]2"='=4% -?'+h0*'209# 9('=# c>3=U%L%=)# 'c='3<=% g"% +H0'/2*=4# 9X];B# Y'# M&%V(3<2#
/D&<8B#V&;V<S<'L)#3#8B;2](<0R#](%V[#B%#C'Y8#30L#S%%(<8D0'88# B%#I'0B<('8)XG#
T9FF%#+!&("!%"@/,*23"$%<(7%&("%1"..*8"%'#%&("%0!'..%<*.% !"8*!$"$% *.% 5#'',2.(3"..5%;7%
&("% <'!,$% '#% &("% +3;",2"=238%S"<.% *3$% E!""D.9% >("% S"<.-% !"X+".&% #'!! *.-$*% L'!/",*Q%
0'+,$%;"%#'+3$%23%\*!D% V9TT%L*3$%/*!*,,",.Q9%?3%&("%/!"."3&%0'3&"@&4% &("%S"<2.(% $"1*3$%
<*.%0,"*!,7%/"!0"2="$%;7%)*+,%3"8*&2=",74%29"94%*.% *%0,"*!% .283%'#%.0"/&202.1%*3$%+3;",2"#%
<2&(% !"#"!"30"% &'% 5&("% 1"..*8"% '#% &("% 0!'..59% h212,*!,74% &("% E!""D.-% $".2!"% #'!%
5<2.$'15%<*.% *,.'%/+&%23%*%3"8*&2="%<*74%<2&(% &("% 21/,20*&2'3%&(*&%5&("%1"..*8"%'#%&("%
0!'..5%<*.% 5#'',2.(3"..5% &'% &("19%C8*234% 23%&(2.%/*!&20+,*!%0'3&"@&4% 5<2.$'15%<*.% 3'%
,'38"!%O+.&%*%1*&&"!%'#%&("%E!""D.-% ./"0+,*&2'34%;+&%&("2!%"3&2!"%.'02*,%"&('.9%
>("% #2!.&%h"%23%T9FJ%.('+,$%0,"*!,7%;"% &!*3.,*&"$% *.% *%.&!'38%5;+&54% 23%'!$"!% &'%1*D"% &("%
0'3&!*.&% ;"&<""3% &("% <'!,$-.%<*7%'#% &(23D238% *3$% &(*&% '#%E'$-.9% A'<"="!4% 2&% 2.%1'!"%
&(*3% O+.&% *% .&!2D238% 0'3&!*.&9% >("% #'!0"% '#% &("% .&*&"1"3&% H! <C8)% <"% /!'0,*21%6(!2.&%
*!!#
0!+02#2"$5%H% 0,"*!,7%.+88".&"$%&(*&% 2&%<*.%)*+,-.%1'.&% +30'1/!'12.238! 0%)%&".$#).($% &'%
<*3&% &'!'($).$8%% <2&(% &("% /!'0,*1*&2'3% '#%&("%1"..*8"%*;'+&% 56(!2.&%0!+02#2"$5! 0%*=.)%!
2&.%!"O"0&2'3%;7%&("%<'!,$9%>("!=&%*%$)% &"3."%'#%N!Q/+**'LO9"=%*,.'%(*.% &(2.%.&!'38%."3."9%
6'3I",1*33% .+88".&.%&(*&% 5&("% 0,*..2#7238%'#%1*3D23$%#!'1%&("% .&*3$/'23&% '#%.*,=*&2'3%
(2.&'!7% *.% S"<.%*3$%E!""D.% 2.% *%S"<2.(% "X+2=*,"3&% #'!%&("%E!""D% 0,*..2#20*&2'3% -E!""D.%
*3$%;*!;*!2*3.9-5JFV% 6'3I",1*33-.% .+88".&2'3% 2.% *//*!"3&,7% !28(&4%*,&('+8(% 2&%1+.&% ;"%
;'!3"% 23%123$%&(*&% 23%&("% 0'3&"@&% '#%&("%/!"."3&%/*..*8"%)*+,-.%$2=2.2'3%'#%(+1*3D23$%
23&'% &('."%5<('% *!"% /"!2.(2385% *3$% &('."%5<('% *!"% ;"238% .*="$5% L=9%TVQ%<*.% 23#232&",7%
1'!"% 21/'!&*3&9%)*+,-.%'="!*,,%0'30"!3% #'!%&("% .*,=*&2'3% *3$%0*,,238%'#%5;'&(%S"<.%*3$%
E!""D.5% L=9FYQ%*,.'%#*!%'+&<"28("$% &("2!% !"./"0&2="% 23&"!".&.B% &("%S"<.%23%.283.%*3$% &("%
E!""D.% 23%<2.$'19%M3% &(2.% /*!&20+,*!% /'23&% N!2.&"!% h&"3$*(,% 2.% 0,"*!,7% !28(&%<("3% ("%
.+88".&.%&(*&% &("%/!"H6(!2.&2*3% )*+,%+."$%&'%$2=2$"%(+1*3D23$% 23&'%&<'%/*!&.4% S"<.%*3$%
E"3&2,".4% ;+&% &("% 6(!2.&2*3%)*+,% ;"8*3% &'%+."% &("% <'!$%5*,,5%23%(2.% <!2&238.%&'% 230,+$"%
;'&(%/*!&.9%>("%12..2'3%'#%)*+,%.('+,$%;"%.""3%23%&(2.% 0'3&"@&9JFG%
>("% X+*,2#7238%.&*&"1"3&% 23% T9FJ% ."!="$% &'% !"23#'!0"%&("% 2$"*% &(*&% &("%<'!,$-.%!"O"0&2'3%
'#% &("% 6(!2.&2*3% 1"..*8"%<*.% 3'% .+!/!2."% &'% )*+,% #!'1% &("% ="!7% ;"8233238% *3$% .+0(%
!"O"0&2'3%<'+,$%0'3&23+"% &'%;"%*%1*&&"!% '#%#*0&%*.% ,'38%*.% &("%<'!,$%O+$8"$% 2&%&(!'+8(%2&.%
'<3%5<2.$'159%
>("% <'!$! &Q',@N)K&@% 2.% '3,7% #'+3$%23% &("% Rii4% &("% l>% *3$% 6(!2.&2*3% <!2&238.4%<(2,"%
%>3=QLb9!i.M%=)% 1"*3238% 5&!*/54% (*.% &("% A";!"<% "X+2=*,"3&! "#$%%% 23% o+1!*39JJK%?3%
)*+,23"%<!2&238.%&("%<'!$.! )P@Y)K&@% *3$! &Q&'@N)\()D(% *//"*!%3'&%'3,7%23% T%6'!23&(2*3.%
+ ! H
# /%01'(2300)! /!0&1(2,#()2-.# 4,-#+ ! "
# UB'0L3D()! F)D*.# *WQ-#+ + .
# U''# *#jU#!-*!)# *,e# *#j$#4-*Te# H-+T# 9VD3<08#%S# 8B;2](<0RGe#"-!*)# !,e# *.-*,e#*Q-*T)#!!-# /%01'(2300)! /!
0&1(2,#()2-.# 4,)# 0-,"-#
TFJ%
LT9FJb%V9TJ% Q%;+&%*,.'%23%Z'1*3.%L%G9JJb% TT9Gb% TY9TJb%0#9%E*,9%_9TTQ9%h&*(,23%$"&"0&.%*%l>%
5!"0'3.&!+0&2'35% '#! )Q)>/K#>L(/M% 523% &("% ./("!"% '#% &(2.% /'..2;2,2&7% '#% '//'.238% "##"0&.%
23("!"3&% 23%6(!2.&% *3$% A2.%E'./",% &("% <'!$%'N*=h*C9'2p%;"0'1".% *% &"!199923% <(20(% &("%
1*23% M>%1"*3238.%H% -'00*.2'3% '#% 8+2,&-% *3$% -0*+."%'#%$".&!+0&2'3-% H% *!"% #+."$% 23&'%*%
&'&*,% +32&7% 23% &("% l>% !"0'3.&!+0&2'3% H% #'!% 23% &("% l>% +3;",2"#% 2.% &("% ;*.20% .2395J J T%
h&*(,23-.%/'23&%."!=".%&'%(28(,28(&%&("% 8!*=2&7%'#%)*+,-.%+."% '#%&("% &"!1# %>3=Q%Vb9'=%23%&("%
/!"."3&%6'!23&(2*3%0'3&"@&4%;"0*+."%&("%/!'0,*1*&2'3% '#%56(!2.&%0!+02#2"$5%(*$% 3'&%'3,7%
0*+."$% &("% +3;",2"=238% S"<.% &'% 5#*,,54% &("% !"O"0&2'3% '#% 5&("% 1"..*8"% '#% &("% 0!'..5%
*0&+*,,7% ,"$%&'% "&"!3*,% $*13*&2'39% >(2.%<*.% 0,"*!,7% &("% #'!0"%'#%&("%<'!$%5/"!2.(2385%23%
T9TV9%
C.% (*.% *,!"*$7% ;""3% $2.0+.."$% 23% sF9Y%*;'+&% 0!+02#2@2'3% *3$% &("% 50+!."54% *% =2&*,% ,23D%
;"&<""3% &("% 5&!""5% 23% f"+&9% FT9FJ% LRiiQ%*3$% &("% 50!'..5% 23% E*,9% J9TJ% 0'+,$% ;"%
".&*;,2.("$%"="3% 23%/!"H6(!2.&2*3% &21".% '3%&("% .&!"38&(% '#%&("%o+1!*3%&"@&.9%>(2.%<'+,$%
*,.'%(",/% &'%"@/,*23%<(7% &("%0!'..%'#%6(!2.&%<*.% .+0(% *!&Q)@N)K&@% #'!%&("% +3;",2"=238%
S"<.9%
*-!4! #"(.'4# Q'% 3'&"9% NC9>?>M?ab4% ,'+h'*'204% &r% N * 2% 5kCC3*2=4% i/2*&'=% E"'M%h<*+92=% N* c%
E"'M!&&E:()@# 9X];B# B%# BD%8'#YD%# 3&'# BD'# V3(('L)# ]%BD#C'Y8# 30L#I&''[8)#/D&<8B# BD'#
M%Y'&#%S#I%L#30L#BD'#Y<8L%2#%S#I%L-XG#
>("%_"%23%&("%'/"3238% .&*&"1"3&%'#%T9FY%1+.&%;"%+3$"!.&''$% *.%*%="!7%#'!0"#+,%5;+&54%O+.&%
*.% &("% 0*."% 23% T9FJ4% *3$% &(+.% ."!=".% ="!7% "##"0&2=",7%&'% /!'=2$"% &("% .&!'38".&% 0'3&!*.&%
;"&<""3% &<'% $2*1"&!20*,,7% '//'."$% /"!0"/&2'3.9% ?3% &("% 0'3&"@&% '#% &("% 6'!23&(2*3%
/',"120.% &("% <'!$% 50*,,"$5% LNC>?>MR6bQ% ("!"%0'+,$% <",,% ."!="%*.% *%0,"*!% !"123$"!% &'% &("%
+ + *
# UB3D(<0)!"La"#,-+T!W+-#
*!4#
!"#$%&'(&")*"+, -'.)(*/)0(!, */0*, ('*,'(#1,20!,*/").,3."!"(*,-/.)!*)0(! "#$%&"&', 0,+)4)(",5)$*,
6&$7, 879:;, */", 4)*0#, <('2#"+5", */0*, =-/.)!*, >20!?, */", 3'2"., '$,@'+, 0(+, */", 2)!+'A,'$,
@'+=,20!, 0#!','$,+)4)(",'.)5)(;, ."4"0#"+, )(,0(+, */.'B5/, =-/.)!*, &.B&)$)"+=7,C/",2'.+,
=&0##"+=,/".",0!, 2"##, 0!, )(, 879,20!, &#"0.#1! "%()*+",$, #0(5B05",2/"(, &#"0.#1, B(+".!*''+;,
2'B#+, !".4", *', ."A)(+, */", +)4)+"+, -'.)(*/)0(, &'(5."50*)'(, '$, */", +)4)("#1, 5)4"(,
'("("!!, 0(+, $"##'2!/)3,)(, =-/.)!*, &.B&)$)"+=7,D'."'4".;, 0!, 0, =&0##"+=, &'AAB()*1,)(,
-/.)!*;, */", -'.)(*/)0(, &/B.&/, !/'B#+, *.B#1, E", #)E".0*"+, $.'A, */", "(!#04"A"(*, '$, */",
&'(4"(*)'(0#, !'&)0#,"*/'!;,)(&#B+)(5,*/",4".1,.)5)+,�!!)$)&0*)'(,'$,!'&)0#,�!!"!7,
F*, )!, )A3'.*0(*, *', ('*", */0*, /".", G0B#, 20!, ('*, !)A3#1, !01)(5, */0*, */", &.'!!, '$,-/.)!*,
."4"0#"+, */", 2)!+'A,'$,@'+;,EB*, */0*, -/.)!*! -.+, =*/", 2)!+'A,'$,@'+=, 6@"'H! ./&'"((,0!
879IE:7, J)A)#0.#1;, -/.)!*, &.B&)$)"+,+"A'(!*.0*"+, ('*, '(#1, */", 3'2"., '$, @'+;, EB*, 20!,
1"2+$)3! 4&1$, 3'2".,'$,@'+=,6@"'H,KBL0B7)4;,879IE:7,
!"#$, ' * )% &',MN76N3O4% ()*, @"'H%+),-./0123)4% &56, +4P30:)Q0:4! 5.6),! 789% &'! ..:$,5(0% &'5,@"'@,
R'SB3OS73)4, *02! .,:;"#<%(#,=% ,89)0%/):;<% =))>?<@A2<<%?<%B?<20% C@+A% @*D+A% B?<:)DE%
+A:%/):;<%B2+FA2<<% ?<%<C0)AG20% C@+A%@*D+A% <C02AGC@"8H%
C/", '3"()(5, 2'.+% '&I ;, 2/)&/, &'B#+, !)A3#1, E", ."(+"."+, =$'.=;, )()*)0*"!, G0B#T!,
&'(&#B+)(5,!*0*"A"(*,$'.,*/",2/'#",'$, 878U%9K7,C/)!, !"&*)'(, 6878U%9K:, )!,&#"0.#1,('*,0(,
)!'#0*"+, 30.05.03/;, E"&0B!", )*, /0!, 878V%8W, 0!, )*!, E0&<5.'B(+, 0(+, 879O%V8, 0!, )*!,
)AA"+)0*", $'##'2%B37,
=X)!+'A=, 0(+, =$''#)!/("!!=, /0+, 0#."0+1, E""(,!*.'(5#1,&'(*.0!*"+, */.'B5/'B*, AB&/,'$,
878U%9I7, F(,G0B#T!, E.)##)0(*, ."0!'()(5, 0(+, !BE*#", 0.5BA"(*, */.'B5/'B*, */", 30!!05";, */",
$'&B!, '(, */", &.'!!,."A0)("+, 4".1, !/0.37,G0B#T!, &'(&#B+)(5,!*0*"A"(*, )(, 879K, E0!)&0##1,
!#$%
."0!!".*"+,*/",3')(*!,2/)&/,/",/0+,!',3.'$'B(+#1,A0+","0.#)".7,Y!,!B&/;,2/0*,)!,("2,)(,
879K,20!,('*,!',AB&/,)*!,&'(*"(*, 0!,G0B#T!, !#)5/*#1,+)$$"."(*,201,'$,"S3."!!)'(7, F(!*"0+,
'$, E.)(5)(5, /BA0(, 0(+, +)4)(", 2)!+'A,1"*, 050)(, )(,!/0.3! (/%&>.+&0, G0B#, ('2,A0+", 0,
(/2;.>"+/%, E"*2""(, */", *2'7,ZB*, */", $'.&",'$, */", "0.#)"., &'(*.0!*, E"*2""(, 6/BA0(:,
$''#)!/("!!,0(+, 6+)4)(":,2)!+'A;,0(+,E"*2""(, 6/BA0(:,2"0<("!!,0(+, 6+)4)(":,!*."(5*/,
20!, !*)##, E")(5,."*0)("+7, G0B#T!, *0#<, 0E'B*, =@'+T!, $''#)!/("!!=,0(+, =@'+T!, 2"0<("!!=,
033"0."+, #)<",0,<)(+,'$,&'(&"!!)'(, 0*,$).!*,5#0(&"7,F $,!';, )*,&'B#+, '(#1,E",$'.,*/",!0<",'$,
0.5BA"(*, )(,G0B#T!, ./"*'.)&7,F(,'*/".,2'.+!;,)*,20!,('*,*/0*,G0B#, /)A!"#$, ."0##1,*/'B5/*,
*/0*, */".", 20!, 0(1, =$''#)!/("!!=,'., =2"0<("!!=, '(,*/",30.*, '$,@'+;,$'.,*/0*,2'B#+, E",
0E!'#B*"#1, )A3'!!)E#", $'., G0B#7, G0B#T!, 4".1, !BE*#", 0.5BA"(*, 20!, ."0##1, */)!Q! $,$%!
?>.%&$#, */0*, =$''#)!/("!!=, &'B#+, E", 0!&.)E"+, *', @'+, '., [)!, 0&*;, =@'+T!, >!'%&0##"+?,
$''#)!/("!!,20!, >!*)##?!-"+$>, */0(,/BA0(, >!'%&0##"+?,2)!+'A=7,C/",!0A",20!,*.B",0E'B*,
=@'+T!, 2"0<("!!=7, F $,*/0*, 20!, */",&0!";,E'*/,=/BA0(, 2)!+'A=,0(+, =/BA0(, !*."(5*/=,
033"0.,"4"(,A'."!-/>&1)$++=, [".",#)"!,*/",$'.&",'$,G0B#T!, ./"*'.)&0#,0.5BA"(*7,
X")!!, 033"0.!, *', E", .)5/*, )(, */)(<)(5, */0*, */", +"$)()*", 0.*)&#", *', E"$'.", B''3'4,
6$''#)!/("!!:,0(+,+0@"4"5,62"0<("!!:, ."!3"&*)4"#1,!".4"+, *',/)5/#)5/*, =*/",4".1,+"$)()*",
6/"(&", */",0.*)&#":,!)(5#",0&*,'$,@'+777(0A"#1;,*/",+"0*/,'$,-/.)!*,'(,*/",&.'!!;,2/)&/,)!,
/"#+,E1,A"(,*',E",0,!)5(,'$,$''#)!/("!!,0(+, 2"0<("!!7=VV9,
X)*/, ."$"."(&", *', */", A0()$"!*0*)'(, '$, +)4)(", 3'2"., )(, */", =2"0<("!!=;, J0405",
&'AA"(*!, 3".&"3*)4"#1Q,=Y!,0,A)()!*".,'$,*/",5'!3"#,'$,*/",&.B&)$)"+,-/.)!*;,0(+,0!,'(",
&0##"+,*',!".4",)(,0(,05",+'A)(0*"+,E1,0,!"#$%"S0#*)(5,'B*#''<;,*/",03'!*#",G0B#,/0!, #)**#",
'3*)'(, EB*, *', ."!3'(+, *', /)!, 2'.#+#1, &.)*)&!Q, T2/"(, F,0A,2"0<;, */"(, F, 0A, !*.'(5T=7,
L".1, AB&/, )(, #)(", 2)*/, 2/0*, /0!, 0#."0+1, E""(, ('*"+, "0.#)"., )(, */)!, */"!)!;, J0405",
J J #
% K)@+AA2<%L2?<<E!"#$%$&'#! ()$*+',#$-$*#.% ,/)CC?AG2AM%6+A:2A@)21F%N%O*3021@CE%!P!QHE% JR"%J J J
% S+4+G2E!/)0#$1% !TPUPQ"%
!#V%
&'(&#B+"!, */0*, =*/", -'.)(*/)0(, &/B.&/, 20!, "AE.')#"+, )(, 0, &'($#)&*, E"*2""(, *2',
'33'!)(5, 4)"23')(*!Q,*/", 2'.#+#1, 'B*#''<, '$, */", -'.)(*/)0(!, 0(+, G0B#T!, '2(,-/.)!*%
&"(*."+, 3".!3"&*)4";, */", !'%&0##"+, T2)!+'A,'$, */)!, 05"T, 0(+, */", T2)!+'A,'$,@'+T7777F*,
20!, 3."&)!"#1, */)!, &'($#)&*,2/)&/, !""A!,*',/04","4'<"+,G0B#T!,30.0+'S)&0#, *"0&/)(5,'$,
3'2".,*/.'B5/,2"0<("!!7=VVI,
[04)(5, !"*, */", 2'.#+#1, 2)!+'A,)(,!/0.3,&'(*.0!*, 2)*/, */",+)4)(";,G0B#, ('2,."*B.("+, *',
/)!, +)."&*, 0++."!!, *', */", -/.)!*)0(!, )(,-'.)(*/;,+.02)(5, */")., 0**"(*)'(, !3"&)$)&0##1,*',
*/")., '2(! ,23-4#, E0&<5.'B(+, 0(+, @'+T!, 5.0&)'B!, 0(+, 0A0\)(5, 201, )(, [)!, &0##)(5,
5(4.@."(0A,'$,*/"A,6879O%V8:7,
J"J%WX<)>*C2>Y% A)% G0)*A:<% =)0%X)+<C?AG% XY%X)C@% @*D+A%+A:%:?4?A2% <C+A:+0:<E%+A:%
Z@0?<C%C@2%B?<:)DE%0?G@C2)*<A2<<E% <+A1C?=?1+C?)A%+A:%02:2D3C?)A% ,!"#VUJ!H%
!"#V, ZY7])."*"! 678% &&K6! 7BC@8DE, BB%B)4;, SU"Y[X)?E% '&\% '5, *.'YY'_! )).6)4% ])02+% ):3?1+E, 'B,
).'YY'), JB40)'*;, 'B, ).'YY'#! 9:;6<=<4>1?% ,8Z)A<?:20%Y)*0%)BA%1+>>E%X0)C@20<%+A:%<?<C20<M%
A)C% D+AY% )=% Y)*% B202% B?<2% XY% @*D+A% <C+A:+0:<E% A)C% D+AY% B202% 3)B20=*>E% A)C%
D+AY%B202%)=%A)X>2%X?0C@"8H%
C/)!,4".!",/0!, 0#."0+1, E"&'A",0,<"1, ."$"."(&",$'.,`C,!&/'#0.!,&'(&".()(5, */", !'&)0#,
'.)5)(!, '$,"0.#1, -/.)!*)0()*17,=`','*/"., !)(5#",4".!", '$,*/", "(*).", `"2,C"!*0A"(*, 20!,
A'.",)($#B"(*)0#,)(,!/03)(5,3'3B#0.,'3)()'(,0(+,"S"5"*)&0#,NB+5"A"(*, 0#)<",'(,*/",!'&)0#,
'.)5)(!,'$,"0.#1,-/.)!*)0()*1,*/0(, 8,-'.)(*/)0(!, 879O=;,!01!,XB"##(".7VVK,Y(+,$'.,D"55)**;,
J J R
% S+4+G2E!/)0#$1% !TT"%J J $
% L"%^"%L*2>>A20E% ;&@2%S)1?)>)G?1+>% ID3>?1+C?)A<% )=% !%Z)0?AC@?+A<%!M#VU#T% O21)A<?:202:;E% ?A%_ "%W"%
\?4?AG<C)A2%,2:"HE!@'2A*7! %B7+C#4*>7! D=%,`20>?AM%WF+:2D?2E% !PaJHE%VVVUa#E%+C%VVV"%
!#a%
)*, )!, !*.)<)(5, */0*, E'*/,*/",H#+,0(+,`"2,&'(!"(!B!"!,/04", $'B(+,/".", =0, <"1!*'(",$'.,
*/").,."!3"&*)4",."&'(!*.B&*)'(!,'$,-/.)!*)0(,'.)5)(!7=VVO,
F(, */", !"&'(+, &"(*B.1,-"#!B!, 0##"5"+,*/0*,-/.)!*)0()*1,20!, 0,A'4"A"(*,'$,#'2,�!!"!;,
)(&#B+)(5,a"!B!,/)A!"#$;,2/',20!,'(#1, 0E#",*',2)(,/)!,+)!&)3#"!,0A'(5,A"AE".!, '$,#'2,
!*.0*0, !B&/, 0!, =*0S%&'##"&*'.!, 0(+, !0)#'.!=, 0(+, */'!", =2/', /0+, ('*, "4"(, E""(, *', 0,
3.)A0.1, !&/''#7=,V V W, b")!!A0((, /'#+!, */0*, "0.#1, -/.)!*)0()*1;,)(&#B+)(5, */", G0B#)(",
&'(5."50*)'(;,&0A",$.'A,*/",#'2".,!*.0*0,'$,!'&)"*17VVU,F(,&'(*.0!*, *',b")!!A0((T!, 4)"2;,
aB+5", 0.5B"!, */0*, =-/.)!*)0()*1,20!, 0, A'4"A"(*, !3'(!'."+, E1, #'&0#, 30*.'(!, *',*/").,
!'&)0#,+"3"(+"(*!=7VVP,[",*/"(,3.'&""+!,*',!B55"!*,*/0*,G0B#,&'B#+,/04",E""(, )+"(*)$)"+,
0!, 0, =!'3/)!*=, 0!, /", 0#!', /0+, !'A", )(*)A0*",30*.'(0#, ."#0*)'(!7VIc,-/'2, */)(<!, */0*,
=30*.'(05", 20!, '(", '$,*/", )A3'.*0(*,201!, */.'B5/,2/)&/, ."#0*)'(!/)3!, )(, $).!*%&"(*B.1,
-'.)(*/,2".", !*.B&*B."+7=VI8,-/'2T!, 0!!".*)'(, */0*, =G0B#, !)+"+,2)*/, */", !'&)0##1,2"0<=,
)(, */", -'.)(*/)0(,&/B.&/, )!, ('*, '(#1, &'(!)!*"(*, 2)*/, */", 5"(".0#, )A3."!!)'(, */0*, */",
&'.."!3'(+"(&", 5)4"!;, )*, )!, 0#!', AB&/, )(, #)(", 2)*/, G0B#T!, !*.0*"51, *', +"*/.'(", */",
=3'2".$B#=,0(+,=2)!"=,)(,*/",&)*17 V I 9,
X/)#", )*,A)5/*, E", *.B", */0*, G0B#, *"(+"+, *',E", '(, */", !)+", '$,*/", 3''., )(,+"0#)(5,2)*/,
&".*0)(,-'.)(*/)0(,3.'E#"A!,!B&/,0!,*/", $''+,)!!B",)(,8,-'.7,U%8c, 0(+,*/",R'.+T!,C0E#",
)(, 88;,/)!!;.+&/>.), &'(&".(,20!,B(+'BE*"+#1,*/0*,'$,&/B.&/,B()*17 V I V,
b2GG?CCE! /)B#$'61% !Q#"% S22%&@2?<<2AE% ;O24?2B%_<<+YM%K*<C?A%K"%b2GG?CCE! /7241! /)B#$'6! 7+A! @2$B*B74E1!
F@GH%TR%,#QQ!HE% $!UVR"%J J a
% Q0?G2AE!I#4&J% !"V#"%J J T
% c2?<<D+AAE!/7241% #PU$!"%J J P
% K*:G2E% ;&@2%_+0>Y%Z@0?<C?+A<;E%T"%J R Q
% K*:G2E% ;Z*>C*0+>% Z)A=)0D?CY%+A:%IAA)4+C?)A% ?A%d+*>M% S)D2% Z>*2<%=0)D%Z)AC2D3)0+0Y%c)1*D2AC<;E%
H6+K24%J$%,!PTRHE%JU#RE% +C%#J"%J R !
% Z@)BE!/7'$)+7C#1% !TT"%J R #
% Z@)BE!/7'$)+7C#1% !TT"%J R J
% b?C1@2>>E!L#>)+>*4*7'*)+1% #JaURJ"% ^)002>>E! @)4*A7$*'6! 7+A! "*..#$#+>#M! N! I)+'#38)$7$6! L#7A*+C! ).!
/724E&! %',*>&% ,\)A:)AM%&"%N%&"%Z>+0F%IAC20A+C?)A+>E%#QQ$HE% !VVU#QJe% PPU!J#"%
!#T%
J'A", '$, */", *".A!, "A3#'1"+, E1, G0B#, )(, 879O%9P, 2".", !)5()$)&0(*Q, */", 2)!";, */",
3'2".$B#;,0(+,*/'!",'$,('E#", E).*/7,G0B#, &'AE)("+, */", */."",*".A!, *'5"*/"., 0(+, *.)"+, *',
."A)(+, */", !"#$%&'(&")*"+,-'.)(*/)0(!, */0*, 0&*B0##1, =('*,A0(1=, '$,*/"A,+"!".4"+, !B&/,
!'&)0#, !*.0*)$)&0*)'(7,C/")!!"(, $)(+!, 30.0##"#!, *', */",G0B#)(", !'&)0#, *".A!, /".",)(,G/)#'T!,
2.)*)(5Q V I I, =Y.",('*,3.)40*",&)*)\"(!,&'(*)(B0##1,E"&'A)(5, '$$&)0#!;,0(+,'$$)&)0#!,3.)40*",
&)*)\"(!;, .)&/, A"(, E"&'A)(5, 3''., A"(, 0(+, 3''., A"(, A"(, '$,0A3#", A"0(!;, ('E'+)"!,
E"&'A)(5, &"#"E.0*"+;, 'E!&B.", 3"'3#", E"&'A)(5, +)!*)(5B)!/"+;, 2"0<, A"(, 6 S'P"4"* d:,
!*.'(5, 6#'SB3'):;, )(!)5()$)&0(*,A"(, 3'2".$B#, 6U56'Z&'\:;, $''#)!/, A"(, 2)!", A"(, '$,
B(+".!*0(+)(5! F.*,$6/"A0, 2)*#"!!,A"(,!'B(+,."0!'(".!e=VIK,
J'&)0##1, )*, 20!, 'E4)'B!, */0*, &/B.&/, +)4)!)'(!, )(, -'.)(*/, 2".", "!!"(*)0##1, +B", *', 0,
!*.B55#",$'.,3'2".,0(+,!'&)0#,!*0*B!;,4".1,AB&/,0#'(5,*/",#)(",'$,*/",&'(4"(*)'(0#,!'&)0#,
"*/'!7, Y!, !B&/;, )*, 20!, '(#1, (0*B.0#, 0(+, ("&"!!0.1, */0*, G0B#, !/'B#+, +"0#, 2)*/, */"A,
*/'.'B5/#1,)(,*/",$'.A,'$,0,+.0!*)&, )(4".!)'(,'$,&B.."(*,!'&)0#,"*/'!7,
C/", $0&*,*/0*, G0B#, !0)+, */".",2".", $"2,3"'3#", 2/',E"#'(5"+, *', */", B33"., �!!, A"0(*,
*/0*,*/".",2".",0*,#"0!*,!'A";,2/)#",*/",A0N'.)*1,'$,*/",-'.)(*/)0(,&'AAB()*1,."A0)("+,
3''., 0(+, #'27,Y(+,).'()&0##1;,3."&)!"#1, */".",2".", =('*,A0(1=, )(,*/", &/B.&/;, */","#)*",
E"&0A",*/",A'.",)A3'.*0(*,0(+,)($#B"(*)0#,0(+,&'B#+,*/B!,A'.", $B##1,"S3#')*,*/").,!'&)0#,
3'!)*)'(7,-#0.<",E"#)"4"!, */0*,=*/".",2".",)(,*/",&'(5."50*)'(, !'A",$.'A,*/",.B#)(5,�!!,
'$, !'&)"*17=VIO,X)(*".,&'(&#B+"!, */0*, 879O, ."$".."+,*', =*/", .B#)(5,�!!,'$,-'.)(*/,$.'A,
2/)&/,'.0*'.!, 0(+,!'3/)!*!,&0A"7=VIW,Z0.,3B*!, $'.20.+,*/",4)"2,*/0*,G0B#,."$".."+,*',
=*/",A)('.)*1,'$,-/.)!*)0(!,2)*/,."#0*)4"#1,/)5/,!'&)0#,!*0*B!7=VIU,X)*/'B*,!B$$)&)"(*,!'#)+,
+0*0,)*,)!,3"./03!,('*,2)!",'.,/"#3$B#,*',5)4",0,.)5)+,+"!&.)3*)'(,'$,*/",!'&)0#,&'A3'!)*)'(,
J R R
% &@2?<<2AE! H,#!@)>*74! @#''*+C1% a#"%
J R $
% d@?>)E!@)3+J% !"!$$"%J R V
% Z>+0F2E!O#7A#$&,*81% R$"%S22%b22F<E! H,#!P*$&'! Q$-7+! I,$*&'*7+&1% VJ"%J R a
% L?AC20E!/,*4)1% !P!"%J R T
% `+01>+YE%;&@2<<+>)A?1+%+A:%Z)0?AC@;E%$a"%
!#P%
'$, */",-'.)(*/)0(,&/B.&/;,"S&"3*, *',!)A3#1,0&&"3*,G0B#T!,+"!&.)3*)'(,*/0*,=('*,A0(1=,'$,
*/",-'.)(*/)0(,-/.)!*)0(!,2".",'$,*/","#)*",�!!;, )A3#1)(5, */0*, */",."!*,E"#'(5"+, *', */",
'.+)(0.1, 0(+, #'2".,!*.0*0, '$,!'&)"*17, F*,)!,('*,("&"!!0.1,$'.,*/)!,*/"!)!,*',"(*"., )(*',*/",
0#A'!*, "(+#"!!, +"E0*", E"*2""(, */", =H#+=, 3'!)*)'(;, ."3."!"(*"+;, $'., "S0A3#";, E1,
b")!!A0((, 0(+,D"55)**, 2/',0.5B"!,*/0*,G0B#)(",-/.)!*)0(!, !/'B#+,E", #'&0*"+, 0A'(5!*,
*/",3''.;,*/",('(%"#)*",'$,*/",f'A0(,gA3)."d,0(+,*/",=`"2,-'(!"(!B!=;,!3"0./"0+"+,E1,
C/")!!"(, 0(+, D""<!;, 2/)&/, 0!!".*!, */0*, */", G0B#)(", &'AAB()*)"!, &'A3.)!"+, 0, &.'!!%
!"&*)'(,'$,!'&)"*1;,)(&#B+)(5,!'A",$.'A,*/",/)5/"., !*.0*07VIP,
X/0*"4".,*/",&0!",A)5/*,E";,*/",)(*"(*)'(,'$,G0B#T!,!*0*"A"(*, )(,879O,20!,&#"0.;,(0A"#1;,
*', &'($.'(*,*/", -'.)(*/)0(!,2)*/, */", /0.!/, !'&)0#,."0#)*1;,!', */0*, */"1,A)5/*,('*,E", *'',
!"#$%&'(&")*"+,0(+,E'0!*$B#7, [".",*/",G0B#)(",!*.0*"51, 0(+,./"*'.)&,2".",)A3."!!)4"7,[",
!""A"+,*',E", !01)(5,*',*/"AQ,=J)(&", 1'B,-'.)(*/)0(!,0.", !',&'(&".("+, 2)*/,3'2".,0(+,
!'&)0#, !*0*B!;, #"*, B!, "S0A)(", )*, E1, 1'B., '2(, 2'.#+#1, !*0(+0.+7, F(, */", "(+, "4"(, 1'B,
1'B.!"#4"!, 2)# #, /04",*',0&<('2#"+5",*/",(0<"+,$0&*,>/'2"4".,."#B&*0(*#1_?,*/0*,)(,."0#)*1,
4%/&! 2.%'! /3! '/*===4, C/", -'.)(*/)0(!T, &.04)(5, $'., 3'2"., 0(+, !'&)0#, !*0*B!, 2".",
'E4)'B!#1,0A'(5,*/",&0B!"!,$'.,&/B.&/,+)4)!)'(!7,
C/'!", *".A!, B!"+, E1, G0B#, %, =2)!"=, 6''*E'):;, =3'2".$B#=, 6S5Lf&'I:;, 0(+, =('E#", E).*/=,
F&,'$,("(0A,2".",0##,0**.0&*)4",&0*&/2'.+!,'$,*/",*)A";,*/)(5!,2/)&/,3"'3#",+""3#1,+"!)."+,
*', 3'!!"!!7,C/"1,2".", E0!)&, *', */", *.0+)*)'(0#,!'&)0#, "*/'!7, X/"(, F!'&.0*"!, 20!, 0!<"+,
0E'B*, 0, 3".!'(T!, 30*/, *', =5#'.1=;, /", !)A3#1, 0(!2"."+;, =X/0*, 20!, /)!, E).*/, 0(+,
"+B&0*)'(e=VKc, Y.)!*'#", ."50.+"+, 2"0#*/;, /'('B.;, !*."(5*/;, 0(+, ('E#", E).*/, 0!, !'A",
"!!"(*)0#, "#"A"(*!, '$, /033)("!!, '., h'.*B("7VK8, a".'A", `"1."1T!, !*B+1, !/'2!, */0*,
=@.""<!;, f'A0(!;, 0(+,aB+"0(!,0##,&'(!)+"."+, /'('B.,0(+,!/0A",*',E",3)4'*0#,40#B"!,)(,
J R P
% S22%IAC0):*1C?)AE%A"%!RU!V"%J $ Q
% I<)10+C2<E!N+'*AJ% JQT"%J $ !
% W0?<C)C>2E!L,#'J% !JVQX%JU$e!%',J!+*>J% !!Q#+"%
!JQ%
*/")., &B#*B."!7777h.'A, ['A"., *', [".'+'*B!, 0(+, $.'A, G)(+0., *', G0B#777A"(, #)4"+, 0(+,
+)"+,)(,iB"!*,'$,/'('B.;, ."3B*0*)'(;,$0A";,033.'40#;,0(+,."!3"&*7=VK9,
C/",f'A0(!, /0+, +)4)+"+,!'&)"*1, )(*', *2',E)5,&0*"5'.)"!Q! 1/%$+&"/>$+, 0(+! 1*2")"/>$+!
6/)5/"., 0(+, #'2"., !*0*B!:7VKV, ['('B., E"#'(5"+, '(#1, *', */", $'.A".;! 1/%$+&"/>$+=, F$;,0!,
Z0.*'(, /0!, 'E!".4"+;, /'('B., 20!, !1('(1A'B!, *', =E")(5=;,V K I, G0B#T!, iB"!*)'()(5, '$, */",
-'.)(*/)0(!T, 3."!BA"+, =/'('B.=, 6)7"7;, E")(5, =2)!"=;, =3'2".$B#=;,0(+, ='$,('E#",E).*/=:,
20!, *0(*0A'(*, *', &/0##"(5)(5, */")., 4".1, =E")(5=;, *', E'..'2, */", "S3."!!)'(, '$,Z0.*'(7,
C/)!,)!,)(,$0&*,('*, 0(,'4".!*0*"A"(*;,!)(&",G0B#,20!, 0&*B0##1,+"0#)(5,2)*/, */",=E")(5=,'$,
*/",-'.)(*/)0(!;, 2/"(, /", ."A)(+"+, */"A, '$,*/")., =&0##=! F 7 B G 8 9 : A H I I,)(, 87,9O, 0(+,@'+T!,
&/')&",'$,*/"A,)(,87,9W,6=@'+,&/'!"777=:7,F*,20!,&#"0.#1,*/)!,+)4)(",&0##, 0(+,"#"&*)'(,*/0*,
B#*)A0*"#1, 504", */", -'.)(*/)0(!, ("2, =E")(5=;, 0#*/'B5/, */"1, !""A"+, *', /04", E""(,
$'.5"*$B#,0E'B*, */)!;,+B", *', */").,"(!#04"A"(*,E1, */", &B.."(*, !'&)0#, "*/'!7,D'."'4".;,)*,
5'"!,2)*/'B*, !01)(5, */0*, )*, 20!, */")., ("2, -/.)!*)0(, =E")(5=, */0*, 504", */", B(2'.*/1,
-'.)(*/)0(!, */")., *.B"! "#$%&"&'=, F(,*/", "(+;,G0B#T!, )()*)0#, iB"!*)'()(5, '$,*/")., *.B", !'&)0#,
!*0*B!,20!, +"!)5("+, *', 30.0+'S)&0##1, #"0+, *', */", ."%0$$).A0*)'(,'$, */")., *.B"! J$"%?, 0(+,
"#$%&"&'=!
!"#a, +Y7Y+! 6., M)Bj3+% &'5% ]''5"'5, Ik"l"k0*',O, O"' d;% ?4+% ]+C+?)(B0-% &'Ige% ''h'5ZE% ]'ZI, S+,
./:$,3@,S'H% ])+*%'B! 5KBK;6/, O, @"'&;, )40, m0*0)'SB4(;, *+, #0SB3+;% ,8`*C% /):% 1@)<2%
B@+C%?<%=))>?<@%?A%C@2%B)0>:%C)%<@+D2% C@2%B?<2e%/):%1@)<2%B@+C%?<%B2+F%?A%C@2%B)0>:%
C)% <@+D2% C@2% <C0)AGe8H% #T% ][fi! 6.! .'#,3@% &''% ]''5U'5% ]'Z_, *+! :/,:$,2$,.! 5KBK3)96/, O,
J $ #
% K20)D2%^"%g2Y02Y% ;8c2<3?<?AG% C@2%S@+D2%)=% C@2%Z0)<<8M%^)A)0%+A:%S@+D2%?A%C@2%K)@+AA?A2%d+<<?)A%
g+00+C?42;E% ?A% c"% /"% ^)002>>% ,2:"HE! @)>*74R@>*#+'*.*>! N88$)7>,#&! ')! G#0! H#&'73#+'! D+'#$8$#'7'*)+!
,_:?AX*0G@E% &"%N%&"%Z>+0FE% !PPPHE%!$!UaVE%+C%!$$"%J $ J
% /+0A<2YE! @)>*74! @'7'2&1% ##!"%J $ R
% `+0C)AE! H,#!@)$$)0&1% !TV"%J $ $
% Z@2<C20E!I)+B#$&*)+1% aaU!!#"%
!J!%
@"'5;!6.! L">@!J,6.0! ",.! 6.!/,6., m0S03n))'CF7% ,8/):%1@)<2%B@+C% ?<% >)B% +A:%:2<3?<2:% ?A%
C@2%B)0>:E%C@?AG<%C@+C%+02%A)CE%C)%02:*12%C)%A)C@?AG%C@?AG<%C@+C%+02E8H%
F(, *13)&0##1, G0B#)(", $0!/)'(;,G0B#, *0#<"+,0E'B*,@'+T!, '4".*B.()(5,'$,*/", &B.."(*,!'&)0#,
'.+"., )(, 4".1, 30.0+'S)&0#, *".A!, )(, 879W, 0(+, 9U7, C/", '3"()(5! .B16, 6=EB*=:, )(, 879W,
0#."0+1, 0(*)&)30*"+, !'A"*/)(5, '$, */", ."4".!0#Q! 4M*&, @'+, &/'!", 2/0*, )!,
$''#)!/7772"0<777#'2, 0(+, +"!3)!"+, )(, */", 2'.#+7777=, ['.!#"1, )!, .)5/*, )(, */)(<)(5, */0*,
=*/)!,)+"0,'$,@'+T!, '4".*B.()(5,*/","!*0E#)!/"+, '.+"., )!,+""3#1,.''*"+,)(,a"2)!/,E)E#)&0#,
*.0+)*)'(!;,!B&/,0!,*/",5."0*,!'(5!,'$,@'+T!, 4)&*'.1,'4".,*/",3'2".$B#,0(+,2"0#*/1,.B#".!,
'(,E"/0#$,'$,#'2#1,F!.0"#,6"757;,gS'+B!, 8Kd,aB+5"!,Kd,J0A7,9Q8%8cd,&$7,RB<",#QIO%KK:=7VKO,
X/0*,)!,"4"(,A'.", )A3'.*0(*;,$.'A,*/",3".!3"&*)4", '$,*/",3."!"(*,*/"!)!;, )!,*/",$0&*,*/0*,
G0B#T!, )(4".!)'(,'$,*/", !'&)0#,"*/'!,'$,/)!, *)A";,2)*/, =*/",A"!!05",'$,*/", &.'!!=;, 20!,
E0!)&0##1,&'(!)!*"(*, 2)*/,*/)!,*/"'#'51,'$,*/",+)4)(",'4".*B.()(57,
['.!#"1,!B55"!*!,*/0*,G0B#T!,B!", '$,*/", *".A!, =2)!";,3'2".$B#;,0(+,('E#",E).*/=,/0!, 1"*,
0('*/"., #"4"#, '(, *'3, '$, )*!, !'&)0#, 0!3"&*!, 0(+, )A3#)&0*)'(!7,C/)!, )!, */",=!3).)*B0#)\"+=,
#"4"#;, 2/)&/, 20!, .0*/"., &'AA'(, 0A'(5, ["##"()!*)&, 0(+, f'A0(, 3/)#'!'3/".!7, C/",
J*')&!;,$'.,"S0A3#";,*/'B5/*,*/0*,'(#1, */", *.B#1,=2)!"=,A)5/*,E",."50.+"+, 0!, ."0##1,.)&/;,
3'2".$B#, 0(+, iB0#)$)"+, *',E", 0, =<)(5=7, ['.!#"1T!, !*B+1, )(+)&0*"!, */0*, ["##"()!*)&,a"2!,
/0+, 0+'3*"+, */)!, =3/)#'!'3/)&0#, !3).)*B0#)\0*)'(=,'$, */", '#+,@."&'%f'A0(, )+"0#!, 0(+,
033#)"+, )*, *', */")., '2(, +"4'*)'(,")*/"., *', n0/2"/, '., *', */", 3".!'()$)"+!N/;1".=, C/",
!0A", 20!, 0#!', *.B", $'., G/)#'7, ['.!#"1, &)*"!, */", X)!+'A,'$, J'#'A'(, )(, 2/)&/, */",
/"04"(#1! N/;1"., )!,!0)+,*',E",&'($"..)(5,0,=<)(5+'A=,'(,=3)'B!,!'B#!=, 6O79c;,98d,8c78I:;,
0!, 2"##, 0!, =.)&/"!=, 6W7U;,88;,8V%8Id,U7K;, 8Ud,8c788:,0(+,=('E#",E).*/=, 6U7V:7V K W,['.!#"1T!,
!*B+1, '(, */)!, )!!B", )!, ."#"40(*, *', */", -'.)(*/)0(, &'(*"S*;, E"&0B!";, E"!)+"!, */",
J $ V
% ^)0<>2YE!S!I)$*+',*7+&1% $!"%J $ a
% ^)0<>2YE!S!I)$*+',*7+&1% $#"%
!J#%
-'.)(*/)0(!T, &.04)(5,0(+, $)5/*)(5,$'.!+/(".), 2)!+'A;,3'2"., 0(+,2"0#*/;,*/".",2".",0#!',
!".)'B!,0**"A3*!,*',B!", 6'.,A)!B!":, */").! +;">"&*.)! ?"3&+, 68,-'.7, 87I;, Kd, 89%8I:, *',$B.*/".,
&'(!'#)+0*", */").!+/(".)! +&.&*+=, Y!,!B&/;,2/0*,G0B#,!0)+;,2)*/, 0,*'B&/,'$,!0.&0!A;,)(,I7U%
8c, 0&*B0##1, /0+, E'*/! +/(".), 0(+! +;">"&*.), A"0()(5!, 0(+, )A3#)&0*)'(!;, E"&0B!", */",
-'.)(*/)0(!, 2".", 0330."(*#1, $0!&)(0*"+, E1, */", =!3).)*B0#=,#"4"#,'$,*/")., 0**0)(A"(*7, C/",
-'.)(*/)0(!T, �)A, *', !3).)*B0#, A0*B.)*1, '., !B3".)'.)*1, 20!, 0#!', &#"0.#1, ."$#"&*"+, )(,
&".*0)(, 0!3"&*!,'$,*/").,4)"2!,0(+, E"/04)'B.7, h'.,"S0A3#";, 0*,#"0!*,!'A",A"AE".!,2".",
)(+)$$"."(*,*', !"SB0#, )AA'.0#)*1,6&/7, K:,2/)#",!'A",'*/".!,!""A"+, *',/04",5'(",*', */",
'*/".,"S*."A", '$,+"!3)!)(5, #"5)*)A0*",!"SB0#, 0(+,A0..)"+,#)$",6&/7,W:7,C/".",20!,0#!',*/",
#0&<,'$,&0.",0(+,&'(&".(, '(,*/",30.*,'$,*/", 6!3).)*B0##1:, =!*.'(5=, 0(+, =A0*B."=, $'.,*/'!",
2/',2".", =2"0<=, )(,*/").,4)"2,0(+,3.0&*)&", 0E'B*, $''+,'$$"."+,*', )+'#!, 6&/7,U:7,G0B#T!,
3'2".$B#,0(+, !<)#$B#,./"*'.)&, )(,*/",2/'#",!"&*)'(,'$,878U%V8,/0+,*/B!,*/'.'B5/#1,*B.("+,
J/&1, */",!'&)0#,0(+,=!3).)*B0#T,2'.#+!,'$,*/",E'0!*$B#,-'.)(*/)0(!,B3!)+",+'2(7,
!"#P% ' I&/f d, BhA%]+*(? ?'&Y1)+, ).0'0, '03)d,"4&').)'4, S'H,@"'H7%,8<)% C@+C% A)% )A2% D?G@C% X)+<C%
?A%C@2%302<2A12% )=%/):"8H%
Z'0!*)(5, 20!, 0('*/"., $"0*B.", )(,@."&'%f'A0(, !'&)"*1;, 2/)&/,20!, &#'!"#1, 0!!'&)0*"+,
2)*/, 3'2".;, 2"0#*/,0(+, !*0*B!7,Y.)!*'*#",+)!&B!!"+, )*,)(!O1$&/>"(, 68VOcE%8VO90d, 8VOO0%
E:7, Z"!)+"!, */", $).!*, 4).*B", '$! ;>*#$%($0, -)&".', &'(!)+"."+, */", $'##'2)(5, "S*".(0#,
0**.)EB*"!, 0!, 3.0)!"2'.*/1Q, =3BE#)&, '$$)&";,A'("1;, &'(("S)'(!, E1,A0..)05";, /)5/, E).*/;,
$.)"(+!;, &'B(*.1;, 3'2".=! FD%,=, 97KP78WW:7, oB)(*)#)0(, )(&#B+"+, 2"0#*/;, 3'2".;, 0(+,
)($#B"(&",0!, <"1,!BEN"&*!,$'.,3.0)!",6V7W78I:7,G/)#',*''<,('*",'$, =!)#4".;,5'#+;,/'('B.;,
'$$)&";,E"0B*)$B#,E'+1=! FE">&=, 8UW%99O:7,
!JJ%
[".", )(, 879P, G0B#, &#"0.#1, 0(+, !'#"A(#1, ."A)(+"+, */", !"#$%&'(&")*"+, '$, */", +)4)(",
'4".*B()(5, '$,!'&)0#, '.+"., =!', */0*, (', '(", A)5/*,E'0!*, )(, */", 3."!"(&",'$,@'+7=,C/",
@.""<! ",.=,)(,879W, 0(+,9U,0(+% '&&'fd, )(, 879P, &#"0.#1,!B55"!*"+,*/0*,2/0*,@'+,/0+, +'(",
20!,('*,'(#1,3B.3'!"$B#;,)*,/0+, 0#!', #"$*,0E!'#B*"#1, (',5.'B(+,$'.,0(1,/BA0(,E'0!*)(57,
=Z'0!*)(5=,20!, &#"0.#1,0,A0N'.,-'.)(*/)0(,3.'E#"A,)(,&/B.&/,+)4)!)'(!7,JB&/, E'0!*)(5,
!""A"+, *', E", E0!"+, '(, *2', $0&*'.!7, 68:,Y!!'&)0*)'(, 2)*/, !'A",30.*)&B#0., &/0.)!A0*)&,
#"0+"., '.,=/".'=;, 0(+,/"(&"!>"?1&, ."#0*)'(!/)3;,2/)&/,20!,4".1,&.B&)0#,*','("T!,!*0(+)(5,
)(, @."&'%f'A0(, !'&)"*17, 69:, C/")., '2(, 3".!'(0#, =5)$*!=, 6S03)'M)0*0:, 0(+,
0&&'A3#)!/A"(*;,2/"*/".,."0#,'.,)A05)("+7,
h'.,*/'!",2/',2".",!3).)*B0##1,3".&"3*)4",0(+,!"(!)*)4";,*',E","4&')B'4, S'B, c"'H,6=)(,*/",
3."!"(&",'$,@'+=:,20!,0,A'!*,02"!'A",6"4"(,02$B#:,0(+,/BAE#)(5,*/)(57,Y!,!B&/;,'(#1,
*/", E0+#1, A)!5B)+"+, '., !"#$%&'(&")*"+, 2'B#+, +0.", *', */)(<, 0E'B*, E'0!*)(5;, =)(, */",
3."!"(&",'$,@'+=7,
['.."##, &'AA"(*!Q, =*/", !1AE'#)&,'.+"., '$,*/",G0B#)(", 5'!3"#, "S3."!!"+,/".",!*0(+!,)(,
!/0.3,&'(*.0!*, *', */", +'A)(0(*,!1AE'#)&,'.+".,'$,f'A0(, !'&)"*17, F(,*/", #0**".,*/",3''.,
0.", +"!3)!"+;, 0(+, '("T!, 40#B", )!, +"*".A)("+, E1, "+B&0*)'(;, 2"0#*/, 0(+, E.""+)(57, C/",
&.'!!;, '(,*/",'*/".,/0(+;,*B.(!,*/",2'.#+,B3!)+",+'2(,0(+,+"A'(!*.0*"!,@'+T!,."N"&*)'(,
'$, */", 2'.#+T!, /)".0.&/17777C/"1, "S3".)"(&", 0, *'*0#, *.0(!$'.A0*)'(, '$, */").,
"40#B0*)'(7=VKU,
!"JQ, Ip, 0BS'B, K"! J;$"(0, I'*"! 5,, l3)'.o, TF(0'H;, Z";! 5='KP>@Q6@, ''&E)0, .3#4, 0).', c"'H;,
O)m'0'0)a4.M,S"% ]ZZI, 01)0'k'o% ]'Z_, 0).'Y7BS3*'0)7&;;% ,8^2%?<%C@2%<)*012%)=%Y)*0%>?=2%?A%K2<*<%
Z@0?<CE%B@)%X21+D2%=)0%*<%B?<:)D% =0)D%/):E%+A:%0?G@C2)*<A2<<% +A:%<+A1C?=?1+C?)A%
J $ T
% Z="% !"#aU#P"%^)002>>E!H,#!@)>*74! %',)&1% !JR"%
!JR%
+A:% 02:2D3C?)AE8H% J!! ",.% ]+Q+.[e%jhjd+ ? 0 & + \
8% Q
% ]+*(C)*24)1! 5,% ]*3?1h% ]+*(++/1)"% ,8%?A%
)0:20%C@+CE%+<%?C%?<%B0?CC2AE%8\2C% C@2%)A2%B@)%X)+<C<E%X)+<C%?A%C@2%\)0:"8H%
@'+, /0+, ('*, '(#1, !/'2(, [)A!"#$, *', E", *.B#1, 2)!", )(, [)!, !0#40*)'(, */.'B5/, -/.)!*,
&.B&)$)"+;, "!3"&)0##1, )(, !04)(5, */'!"% B@),2".", /BAE#", 0(+, #'2#1d, =[", )!, >0#!'?, */",
!'B.&",'$,1'B., #)$",)(,a"!B!,-/.)!*=,687Vc:7, F(,*/", !*0*"A"(*,*/0*, )AA"+)0*"#1,$'##'2"+;,
G0B#% B+<,(', #'(5"., *0#<)(5,0E'B*, =2)!+'A=,)(,0E!*.0&*)'(;, EB*, )(,4".1,&'(&."*", *".A!7,
-/.)!*, a"!B!% B+<,/".", ."50.+"+, 0#A'!*, #)<"! ;$>+/%"3"$#, 2)!+'A, 2/"(, G0B#, !0)+, */0*,
-/.)!*, a"!B!! 5'+=,,3">@,''&E)'&!,@@"",% :*)% /2)', 6=E"&0A"% =)0, B!, 2)!+'A, $.'A, @'+=:7,H(,
*/)!, Z0.."**, .)5/*#1, &'AA"(*!Q, =*/B!, -/.)!*, &.B&)$)"+,/)A!"#$, E"&'A"!, */", 3".!'(0#,
$)5B."% )=,X)!+'A;,@'+T!, 05"(*% ?A,&."0*)'(% ,1=",U7O:;, EB*, "!3"&)0##1, @'+T!, A"0(!,'$,
."!*'.)(5,A"(% C),/)A!"#$7=,
ZB*, */0*% B+<% A)C% +>>"% 9)0, */", -/.)!*)0(!;, -/.)!*,a"!B!,0#!',E"&0A",*/").% S?]+?)+B0H% C2%
]+>! .'"..@"J(0% ]'ZI% :?&)W"?KC3+H'\[e, 6=.)5/*"'B!("!!, 0(+, !0(&*)$)&0*)'(, 0(+, ."+"A3*)'(=:7,
J)(&", */",A0)(,*/"A"%)=,*/",2/'#",30!!05"%)=,878U%V8%?<,=*/",A"!!05"%)=,*/",&.'!!=;,*/",
<"1, */"'#'5)&0#, *".A% S?])+))*40H, 6=.)5/*"'B!("!!=:, AB!*, E", 3".&")4"+% ?A, */", 2/'#",
&'(*"S*% )=,-/.)!*T!, !0&.)$)&)0#,0&*% )A,*/", &.'!!d, */", 0&*, 2/)&/,A0+", )*,3'!!)E#"% =)0, */",
-'.)(*/)0(, E"#)"4".!% C), !*0(+, E"$'.", @'+% +<, $'.5)4"(, !)((".!7, C/)!, 3')(*% B+<,4".1,
)A3'.*0(*,$'.,E'*/,G0B#, 0(+,*/",*.'BE#"%A0<)(5,-'.)(*/)0(!;,E"&0B!",2/0*"4"., 3.'E#"A!,
G0B#, A)5/*,/04",2)*/, */"A;, /", +)+,('*, !""A% C),/04",iB"!*)'("+, */").,-/.)!*)0(! (.))"%?!
0(+! "#$%&"&'=, F(!*"0+;, G0B#, ."A)(+"+, */"A, .)5/*, $.'A, */", E"5)(()(5, */0*, */"1, 2".",
=&0##"+% C),E",!0)(*!=%,]>0Y0)>?e% :Y\)*eE, 879:, 0(+,2".",=E")(5,!04"+=,6878U:7,
`+002CCE!H,#!P*$&'! %8*&'4#1% VQ"%
!J$%
C/",2'.+!5'"..@"R(S,6=!0(&*)$)&0*)'(=:,20!,0#!',)(,*/",A)(+,'$,G0B#, 0*,*/",4".1,E"5)(()(57,
C/",-'.)(*/)0(!;,+"!3)*",*/").,A0(1,E#"A)!/"!,)(,*/").,-/.)!*)0(,$0)*/,0(+,3.0&*)&";, 2".",
!*)##, ."50.+"+,E1,G0B#, )(, 879, 0!, /04)(5,E""(,.:n)70'("4')&7!5,, l3)0S&a:, TF(''H,6=!0(&*)$)"+,
)(, -/.)!*, a"!B!=:7, F*,20!, 3'!!)E#", */0*, G0B#T!, "A3#'1A"(*, '$, */)!, 4".1, )A3'.*0(*, *".A,
/".",)(, 87Vc, A)5/*,E", )(*"(+"+, *',."A)(+, */",-'.)(*/)0(!, '$,*/")., 4".1,3.)4)#"5"+,!*0*B!,
)(, -/.)!*, 0!, 2"##, 0!, *',"(&'B.05",*/"A, *', #"0+, 0, #)$",*/0*, 20!, $)**)(5, $'.,*/'!",2/', /0+,
E""(, !"*, 030.*,E1,@'+, 0(+, $'.,@'+7,C/", */).+, *".A% ZZ&&'f5&d/'Z^Z, 6=."+"A3*)'(=:, 2)*/,
)*!, .)&/, )A05".1, E'..'2"+, $.'A,*/", 0(&)"(*, !#04",*.0+";,&'B#+,iB)*", "0!)#1, &0B!",'(", *',
."A"AE"., */", �!!)&, &0!", '$, @'+T!, #)E".0*)'(, '$, F!.0"#, $.'A, */", g513*)0(, E'(+05",
2/)&/,/0+,E"&'A",*/",3.'*'*13",'$,+)4)(",!0#40*)'(, )(,0(+,*/.'B5/,-/.)!*,&.B&)$)"+7,C/",
=2'.+!, '$,)(!*)*B*)'(=,'$,*/",R'.+T!,JB33".,)(,8879V%9O,2".", &#"0.#1,0,!'#"A(, ."A)(+".,
'$, */)!7,
J#)5/*#1, "0.#)"., )(, 879P, G0B#, #"$*,0E!'#B*"#1, (', 5.'B(+, $'.,0(1, /BA0(, E'0!*)(57, [".",)(,
87V8,2/)&/, )!, 0,&'(&#B+)(5, !*0*"A"(*, $'.,*/", 2/'#", !"&*)'(, '$, 878U%V8;, /", 504",NB!*, 0,
#)**#", .''A, $'., */", 3'!!)E)#)*1, '$, E'0!*)(57, ZB*, !B&/, E'0!*)(5, &'B#+, '(#1, E", +'("!5,!
mB3R)3, 6=)(,*/", R'.+=:7, 87V8,2/)&/,)!, 0(, 0+03*0*)'(, '$,a"."A)0/,P79V%9I;, $)**"+,)(*', */",
2/'#", &'(*"S*, '$, 878U%V8,4".1, 2"##;, E"&0B!",a"."A)0/, P79V, ."$".."+, *', */", E'0!*)(5, '$,
=*/",2)!";,*/",A)5/*1;,0(+,*/",2"0#*/1=Q,=*/B!,!01!,*/",R'.+Q,+',('*, #"*,*/",2)!",E'0!*,)(,
*/").,2)!+'A;,+',('*, #"*,*/",A)5/*1,E'0!*,)(,*/").,A)5/*;,+',('*, #"*,*/",2"0#*/1,E'0!*,)(,
*/").,2"0#*/=7,C/",4".!",&'B#+,*/B!,E", 033.'3.)0*"#1, 033#)"+, *', */", E'0!*$B#, -'.)(*/)0(!,
)(, E'*/, !'&)0#, 0(+, !3).)*B0#, *".A!7, ZB*, a"."A)0/, 0&*B0##1, !0)+, A'.", */0(, */0*, )(, P79IQ,
=EB*, #"*, */'!",2/',E'0!*,E'0!*,)(,*/)!;, */0*, */"1,B(+".!*0(+,0(+, <('2,A";, */0*, F,0A, */",
RHfbd, F, 0&*, 2)*/, !*"0+$0!*, #'4";,NB!*)&";, 0(+, .)5/*"'B!("!!, )(, */", "0.*/;, $'., )(,*/"!",
*/)(5!, F,+"#)5/*;, !01!,*/", RHfb7=, C/)!,4".!",$.'A,a"."A)0/,/"#3!, *',3.'4)+", 0,&#"0.".,
&'(*"S*;, ('*,'(#1,$'.,*/",'.)5)(0#,3.'3/"*)&, 2'.+!;,EB*,0#!',$'.,G0B#T!,!*0*"A"(*,)(, 87V87,
!JV%
F(, '*/"., 2'.+!;, $'.,a"."A)0/, 0!, 2"##, 0!, $'.,G0B#;, */", '(#1, 5.'B(+!, $'.,E'0!*)(5,&'B#+,
'(#1,E", */",RHfb,[)A!"#$, 0(+,[)!,2'.<;, 0(+,('*/)(5,"#!"7,[01!,*/"."$'.",*/)(<!,*/0*,
87V8, ="A3/0*)&0##1,3."&#B+"!, 0(1, 3'!!)E)#)*1,'$, 5#'1)(5, )(, /BA0(, 2)!+'A7,F*, )!,@'+,
2/', )!, */", !'B.&",'$,!0#40*)'(;,@'+,2/',+"!".4"!,0##,*/", 5#'.17,C/".", )!,(', .''A,$'.,
/BA0(, !"#$%0!!".*)'(7=VOc,
J"R%Z)A1>*<?)A%
G0B#,20!,"4)+"(*#1,+"0#)(5,2)*/,!'A",'$,*/",A'!*,&.B&)0#,0(+,&'A3#"S,)!!B"!,)(,878U%V8,
)(, ."!3'(!",*',*/",3".&")4"+, =$''#)!/("!!=,'$,=*/",A"!!05",'$,*/",&.'!!=7, C/"!",)!!B"!,
)(&#B+"+, */",A'!*, !'B5/*%0$*".,2)!+'A;,3'2".;,0(+,!*0*B!,)(,*/",@."&'%f'A0(, !'&)"*17,
D"*/'+'#'5)&0##1,G0B#,4".1,!<)#$B##1,"A3#'1"+,*/",0(*)*/"*)&0#,0(+,30.0+'S)&0#,201!,'$,
!3"0<)(57, [", +)+, )*, E1, $).!*, +"*/.'()(5, */", =2)!+'A, '$, */", 2)!"=, E1, */", 3".&")4"+,
=$''#)!/("!!=,'$,=*/",A"!!05",'$,*/",&.'!!=, 0(+,3B*, )(,)*!,3#0&", */",3'2".,0(+,2)!+'A,
'$, @'+;,2/)&/, /0+,E""(, ."4"0#"+, 0(+, +"A'(!*.0*"+, )(,0(+, */.'B5/,=-/.)!*,&.B&)$)"+=7,
['2"4".;,E'*/,*/",3'2".,0(+,2)!+'A,'$,@'+,2".",('*,&'(&")4"+,E1,G0B#,)(,0E!*.0&*)'(;,
E"&0B!", */"1, 2".", "$$"&*B0#,$'.,*/'!", 2/', 2".", =E")(5, !04"+=7, D'."'4".;, E'*/, */",
'4".*B.()(5,'$,2'.#+#1,2)!+'A,0(+,*/",!0#40*)'(,'$,*/'!",2/',/0+,E""(,&0##"+;,2".",)(,
@'+T!, 0E!'#B*", !'4".")5(*17, F*, 20!, @'+, 2/', /0+, =A0+", $''#)!/, */", 2)!+'A,'$, */",
2'.#+=,6879c:;,0(+,)*,20!,0#!',/)A,2/',/0+,=+"&)+"+=,*',!04",*/'!",2/',E"#)"4"+,68798:7,
Y!, !B&/;, */", +)!!'#B*)'(, '$, /BA0(, 2)!+'A, 20!, ('*, 0(, "(+, )(, )*!"#$;, EB*, NB!*, */",
E"5)(()(5,'$,@'+T!, !04)(5,5.0&"7,
C/",A0)(,3.'E#"A,2)*/, */", !"#$%&'(&")*"+,-'.)(*/)0(!,20!, &#"0.#1,*/0*, '$,E'0!*$B#("!!,
2/)&/, 20!, A'!*, 3.'E0E#1, */", A0)(, &'(*.)EB*)(5,$0&*'., *', */")., +)4)!)'(!7,ZB*,G0B#T!,
^+Y<E!P*$&'! I,$*'*+7+&1% JJUR"%
!Ja%
0(*)*/"*)&0#, 0(+, 30.0+'S)&0#, 033.'0&/, #"$*, */"A, 0E!'#B*"#1, (', 5.'B(+!, $'.,0(1, /BA0(,
E'0!*)(5;,E"&0B!","4"(,E1,*/",2'.#+#1, !*0(+0.+;, '.,E1,*/").,AB&/,&/".)!/"+, !'&)0#,"*/'!;,
=('*,A0(1=,'$,*/"A,2".", 0&*B0##1,=2)!"=;,=3'2".$B#=;,0(+,'$,=('E#",E).*/=, 6879O:7,ZB*,
/".",#)"!, */", 5."0*, +)4)(",30.0+'SQ, @'+,&/'!",2/0*,20!, =$''#)!/=,*',!/0A",*/",=2)!"=;,
*/", =2"0<=, *', !/0A", */", =!*.'(5=d, 0(+, */)(5!, */0*, =2".", ('*=;, *', ."+B&", *', ('*/)(5,
*/)(5!, */0*, =2"."=, 6879W;, 9U:7,F(,*/", "(+;, 2/0*,20!, 3."!"(*"+,/".",E1,G0B#, )(,878U%V8,
20!,0,."4'#B*)'(,'$,)AA"(!", 3.'3'.*)'(!;,0(+,3"./03!,(',)(4".!)'(,'$,*/",&B.."(*,!'&)0#,
"*/'!,&'B#+,E",A'.",.0+)&0#,*/0(,*/0*7,
[04)(5,+"*/.'("+, */",2)!+'A,'$,*/",2'.#+, 0(+,."0$$).A"+,@'+T!, 2)!+'A,0(+,3'2".,)(,
[)!,&0##)(5,'$,*/'!",2/',2".",=E")(5,!04"+=;,G0B#,&'(&#B+"+,/)!,."!3'(!",E1,."A)(+)(5,
*/",-'.)(*/)0(!, */0*,-/.)!*,0#'(", /0+,('2,E"&'A",=$'.=,*/"A;,=2)!+'A,$.'A,@'+;,0(+,
.)5/*"'B!("!!, 0(+, !0(&*)$)&0*)'(, 0(+, ."+"A3*)'(=;, 0(+, 3"./03!, "4".1*/)(57, C/",
-'.)(*/)0(!, AB!*, ('2, $B##1, B(+".!*0(+, */").! (.))"%?, 0(+! "#$%&"&', '(, */)!, E0!)!, 0#'("7,
Y(+;,) $,0(1'(", +0."+, *',E'0!*;,#"*,/)A,'.,/".,=E'0!*,)(,6'.,'$:,*/",R'.+=;,EB*,'(#1,'(,*/)!,
E0!)!7,
!JT%
dWO&% IIM% O^_&'OIZE% c_\I6_OjE% `'cj% \Wg/5W/_% Wgc%
bWSZ5\IgI&j%Ig%/O_Z'UO'bWg%S'ZIW\%_&^'S%
Z@+3C20%9)*0M%O@2C)0?1E%c2>?420YE% ):Y%\+AG*+G2%+A:%b+<1*>?A?CY%
R"!%IAC0):*1C?)A%
G0.*, F,/0!, !'B5/*, *',3B*,G0B#T!,=A"!!05",'$,*/",&.'!!=, )(,*/",/)!*'.)&'%!'&)0#,&'(*"S*,'$,
*/",@."&'%f'A0(,2'.#+7,C/",!*B+1,'$,&.B&)$)S)'(,)(,0(*)iB)*1,0(+,*/",&'(&"3*,'$,=('E#",
+"0*/=, )(,E'*/, @."&'%f'A0(, 0(+, a"2)!/, *.0+)*)'(!,/04", !/'2(, 2/1,G0B#T!,A"!!05",
20!, =$''#)!/("!!=,*',*/",B(E"#)"4)(5,@"(*)#"!, 0(+,=0,!*BAE#)(5,E#'&<=,*',*/",a"2!;,0(+,
2/1, G0B#T!,A"!!05",20!, !B&/, 0,+.0!*)&, )(4".!)'(,'$,*/", !'&)0#, "*/'!,'$,/)!, *)A"7,C/",
"S"5"!)!,'$, 8,-'.7,878U%V8,/0!, 0#!',E""(,+'(",)(,*/)!,&'(*"S*7,C/",$).!*,&/03*".,'$,G0.*,aa,
)!, *', 0!!"!!, */", 3#0&", '$, ./"*'.)&;, "!3"&)0##1, +"#)4".1;,2/)&/, 20!, 0, 2"##, "!*0E#)!/"+,
=E'+1,#0(5B05"=, )(,@."&'%f'A0(, !'&)"*17,C/",A0)(,&'(&".(,/".",)!,2)*/, ./"*'.)&;,2)*/,
!3"&)0#, ."$"."(&", *',G0B#T!,+"&)!)'(, =*',<('2,('*/)(5=,0A'(5, */",-'.)(*/)0(!, ="S&"3*,
a"!B!,-/.)!*;,0(+, /)A,&.B&)$)"+=,6979:;, 0(+,2/1,/)!,=!3""&/, 0(+7773.'�A0*)'(=,2".",
=('*, 2)*/, 3#0B!)E#", 2'.+!, '$,2)!+'A=,697V:,2/"(, /", &0A", *', -'.)(*/7, C/", !*B+1,'$,
@."&'%f'A0(, ./"*'.)&, 2'B#+, 0#!', /"#3, *', 0(!2"., */", iB"!*)'(, 2/1, G0B#T!, =E'+)#1,
3."!"(&"=, 0(+, =!3""&/=;, 2".", 3".&")4"+, E1, /)!, -'.)(*/)0(,&.)*)&!, *', E", =2"0<=, 0(+,
=&'(*"A3*)E#"=,."!3"&*)4"#1,69,-'.7, 8c78c:7,C/)!,&/03*"., 2)##, E"5)(,2)*/,*/",."+)!&'4".1,
'$, */", )A3'.*0(&", '$,./"*'.)&, )(,`"2, C"!*0A"(*, !&/'#0.!/)3;, "!3"&)0##1, )(,-'.)(*/)0(,
!*B+)"!7, f"$"."(&", 2)##, $).!*, E", A0+", *', !'A", A'+".(, !&/'#0.!, 2/', /04", A0+",
!)5()$)&0(*, &'(*.)EB*)'(!, *', */", ."+)!&'4".17, C/", A0)(, EB#<, '$, */)!, &/03*"., 2)##, E", 0,
!*B+1,'$,!'A",'$,*/",'.)5)(0#,*"S*!,'$,@."&'%f'A0(,2.)*".!,'(,*/",*/"'.1,0(+,3.0&*)&",'$,
0(&)"(*, ./"*'.)&;,"!3"&)0##1,'(,+"#)4".1,0!,=E'+1,#0(5B05"=7, C/)!,2)##, E",$'##'2"+,E1,0(,
!JP%
"S"5"!)!,'$, 8,-'.7,978%K, 0(+, 9,-'.7, 8c78c;,30!!05"!,2/)&/,A0<", E"!*,!"(!",2/"(, */"1,
0.",3B*,)(,*/",!'&)0#,&'(*"S*,'$,./"*'.)&,)(,*/",@."&'%f'A0(, 2'.#+7,
R"#%ID3)0C+A12%)=%0@2C)0?1%02:?<1)4202:M%W%024?2B%)=%<)D2%<1@)>+0>Y%4?2B<%
h'.,A'.", */0(, *2',+"&0+"!,('2,@."&'%f'A0(, ./"*'.)&, /0!, E""(, 5"(".0##1, ."&'5()\"+,
0!, 0(, "!!"(*)0#, <"1, *', */", B(+".!*0(+)(5, '$,&".*0)(, )(*.)5B)(5, )!!B"!, )(,*/",-'.)(*/)0(,
&'.."!3'(+"(&";,0!,*/",2'.<!,'$,Z0.."**;,R)*$)(;,0(+,'*/".!,/04",!/'2(7,
-/B.&/, =!&/)!A=, )(, 8,-'.)(*/)0(!, 8%I, /0!, E""(, 0(, )(*.)5B)(5, 3.'E#"A7,Z0B., /"#+, */0*,
*/", "0.#1, &/B.&/,20!, #0.5"#1,+)4)+"+,)(*',*2',E)5,&0A3!, #"+, ."!3"&*)4"#1, E1,G0B#, 0(+,
-"3/0!7VO9,X")!!, 0(+, Z0.."**, 0#!', *0<", G"*".T!, )($#B"(&", '(, */", -'.)(*/)0(, &/B.&/,
!".)'B!#17,Z0.."**,!""!,&#"0.,0##B!)'(!,*',*/)!,)(,/)!,."%"S0A)(0*)'(, '$,30!!05"!,!B&/,0!,8,
-'.7, 8789d, V799d,P7Kd, 8K7K7VOV,J)(&", G0B#,20!, */",$'B(+".,'$,*/",-'.)(*/)0(,-/B.&/,)*,)!,
(0*B.0##1,$0.,"0!)".,*',0!!BA",*/","S)!*"(&", '$,0,=G0B#)("=,30.*17, Z0!"+, '(,*/",."3"0*"+,
'&&B.."(&"!,'$,*/",(0A",'$,Y3'##'!;,"!3"&)0##1, )(,."#0*)'(,*',G0B#, 68789d,V7I%O;, 99d,I7O:,
*'5"*/"., 2)*/, */", )(*"."!*)(5, +"!&.)3*)'(, '$,Y3'##'!,)(,Y&*!, 68U79I%9U:;, !&/'#0.!,/04",
."0!'(0E#1, 0!!BA"+, */0*, */".",20!, 0#!', 0, $'.A)+0E#",=Y3'##'!,30.*1=, 2/)&/, !".)'B!#1,
&/0##"(5"+, */", #"0+".!/)3, '$,G0B#7, ZB*,!&/'#0.!,!""A,*',!"0.&/, )(,40)(,$'.,*/", =-/.)!*,
30.*1=7,F(,&.)*)&0#,."!3'(!",*',Z0B.;,a'/0(("!,DB(&<,'(#1,0&<('2#"+5"!, */",3."!"(&",'$,
&".*0)(, =&#)iB"!=, )(, */", &/B.&/7VO I, F(, 4)"2, '$, */", !".)'B!("!!, '$, */", !&/)!A, )(, */",
-'.)(*/)0(,-/B.&/;,DB(&<T!,4)"2,A)5/*,E",0(,B(+".!*0*"A"(*7,H(",*"(+!,*',05."",2)*/,
a0A"!,bB((T!, 4)"2,*/0*,=DB(&<,3.'E0E#1,2"(*,*'',$0.,)(,/)!,."0&*)'(,*',Z0B.7,F*,!""A!,
/0.+, *', +'BE*, */0*, G0B#, 20!, &'($.'(*"+, E1, !'A", !/0.3, &.)*)&)!A, ) $, ('*, 'B*.)5/*,
J V !
% `+002CCE%;Z23@+<%+A:%Z)0?AC@;E%?A!%&&76&! )+!/724% ,\)A:)AM%SdZ]E% !PT#HE%#TUJP"% S22%IAC0):*1C?)AE%A"%!!%J V #
% `+*0E!/7241% !"#VPUT!"%J V J
% `+002CCE% ;Z23@+<;E%#TUJP"%J V R
% K"%b*A1FE% ;&@2%Z@*01@%B?C@)*C% 9+1C?)A<M%SC*:?2<% ?A% !%Z)0?AC@?+A<%!UR;E% ?A!/724! 7+A! ',#!@74B7'*)+! ).!
T7+U*+A% ,\)A:)AM%SZb% d02<<E%!P$PHE% !J$UVa"%
!RQ%
!""!#$%$!&' ()!*'+$%,$&' %,-' .,/).,'$&'0!)$&%,1'2-'&--3' !&45' %,$&6' !('%,-' #,7)"&-##'!('
,$#' )-#"!&#-' $&'"7##78-#' 4$6-' 919:;' <19=<;' >19?=@9;'?19=<' 7&3' 9919AB1<AC'D' .!/"4-'!('
E-)#-#'7)-' "7)%$./47)45'+!)%,'*-&%$!&$&8',-)-1' 9'0!)1'>1<F' B+$%,' *-' $%'$#' 7'E-)5'#*744'
%,$&8' %,7%' G' #,!/43'H-'I/38-3'H5'5!/B1'J1<F' BK,$#'$#'*5'3-(-&.-' %!' %,!#-'+,!'+!/43'
-L7*$&-' *-B1' K,-#-' H)$-(' )-(-)-&.-#' 7)-' M/$%-' #/(($.$-&%' %!' #,!+' %,7%' E-)5' #-)$!/#'
#.,$#*'3$3'-L$#%' $&'%,-'0!)$&%,$7&'0,/).,'7&3' %,7%'N7/4' -E$3-&%45'(-4%' $%'+7))7&%-3'7&'
-M/7445'#-)$!/#' )-#"!&#-1'0,/).,'#.,$#*'+7#'$&'(7.%'%,-'($)#%'")!H4-*',-'*-&%$!&-3'$&'9'
0!)$&%,$7&#'O919P=9:QR'7*!&8'%,-',!#%'!('!%,-)'")!H4-*#1'
G&' %,-' 47#%' .-&%/)5R' 3$#./##$!&' !&'+$#3!*'$&' 9'0!)1' 9=>' ,7#' B(4/.%/7%-3'7*!&8' %,)--'
*7I!)',5"!%,-#-#F' 7%%-*"%#' %!'-L"47$&'%,-'47&8/78-' 7&3'%,-*-#'O"7)%$./47)45'!('.,#1' 9=>Q'
$&' %-)*#' -$%,-)' !(' S&!#%$.$#*R'!)' T-44-&$#%$.' U/37$#*R' !)' !(' ),-%!)$.1B' K,$#=' $#'
!HE$!/#45' %!!'E7#%' 7&'7)-7'(!)'%,$#'%,-#$#' %!'-&%-)' $&%!R' -L.-"%' %!' %76-'!&' %,-'#/HI-.%'$&'
)-47%$!&'%!'),-%!)$.'+,$.,',73'7'E-)5'3$)-.%'H-7)$&8'!&'%,-'0!)$&%,$7&'.!&%)!E-)#51'
K,-'+!)3' !!VI/7'!../)#' #$L%--&'%$*-#'$&'9'0!)1'9=<' 74!&-R'7&3'!&.-'-7.,' $&'9'0!)1'9@1?'
7&3'@'0!)1' 919@' )-#"-.%$E-451'K,-'73I-.%$E-!""#$%&' (!44!+#'7'#$*$47)'"7%%-)&'7&3'7""-7)#'
%-&'%$*-#' $&' 9'0!)1'9=<R'!&.-' $&'A1C'+$%,!/%'7&5'%-.,&$.74'*-7&$&8R'7&3'&!+,-)-'-4#-'$&'
%,-' %+!'0!)$&%,$7&'4-%%-)#1'W&4$6-'2$4.6-&#'+,!'3-&$-#' %,-'-L$#%-&.-' !('3$#,7)*!&5'$&'
%,-' E7)$!/#'/#-#'!('!!.H$7' $&' 9'0!)1' 9=<R' X7))-%%' $#'-E$3-&%45')$8,%' $&'7##-)%$&8' %,7%' B $ ('
%,-)-'$#'&!'3$#,7)*!&5'%,-)-' $#'7%'4-7#%'7'8!!3'3-74'!('"!45",!&5B1<A:'X7))-%%'74#!')-I-.%#'
2$4.6-&#Y' 7)8/*-&%' %,7%' N7/4' .!/43' &!%' ,7E-' H--&' !""!#$&8' 7' ),-%!)$.74' -L")-##$!&'
H-.7/#-',-'6&-+'&!%,$&8'!('%,-'),-%!)$.74'#%54-#' !('%,-' (!)*74'",$4!#!",$-#1'D87$&R' 7#'
+$44' H-' #,!+&' 47%-)' $&' %,-' #%/35' !(' ),-%!)$.' $&' %,-' S)-.!=Z!*7&' %)73$%$!&' H7#-3'
")$*7)$45' !&'7&.$-&%' %-L%#R'X7))-%%'$#')-7#!&7H4-'$&'%,$&6$&8' %,7%'2$4.6-&#Y'7##/*"%$!&'
! " #
$ %&''(!"!#$%&'()&*'+$ )*+,--.,/01$*+,--.,/0$2340,5.3$67,88($9::#;($!<=$! " "
$ %&''(!,!#$%&'()&*'+-$ !>=$! " ?
$ @477,AA($ BC+7.8A.4'.ADB($?=$
9>9$
#$*"45' $8&!)-#' %,-',$#%!)$.74'(7.%'%,7%' ),-%!)$.'+7#'E-)5'*/.,'"7)%'!('%,-' 4$(-'7&3' 4$(-=
#%54-' $&'N7/4Y#' %$*-1< A ?'X7))-%%'74#!' ,7#' %,-' H7.6$&8'!('%,-' )-#-7).,' )-#/4%#' !(' #.,!47)#'
4$6-'[$%($&R'2-4H!)&R'N!8!4!((R'7&3'\$%.,-44'!&'%,-'#/HI-.%1'
K,$#' %,-#$#'H-4$-E-#' N7/4',73'8!!3')-7#!&' %!'H-' (7*$4$7)'+$%,' %)73$%$!&74'S)-.!=Z!*7&'
),-%!)$.R' 7&3'%,-'-L-8-#$#'!('9'0!)1'919?=<9'M/$%-'.4-7)45'$&3$.7%-#' %,7%'N7/4'+7#' )7%,-)'
7..!*"4$#,-3' $&' ,$#' ),-%!)$.74' #6$44R' I/38$&8' ()!*' ,$#' )-#"!&#-' %!' %,-' .!&%)!E-)#$74'
$##/-#'!('B+$#3!*B'7&3'B"!+-)B'$&'E-)5'$*")-##$E-'7&%$%,-%$.74'7&3'"7)73!L$.74'#%54-1'
X7))-%%',7#' 3$E$3-3' %,-'*-7&$&8'!('!!.I/7' $&%!' %,-'8!!3'7&3'H73'.7%-8!)$-#R' H/%'+7)&#'
787$&#%' 3)7+$&8'%,-'4$&-#'%!!'#,7)"451'T-',!43#'%,7%'%,-)-' $#'7'8)!/"'!('"7##78-#'+,-)-'
!!$H$7' 3-&!%-#' B7' 6$&3' !('-4!M/-&.-R' 7' %-.,&$M/-' (!)'"-)#/73$&8' %,-' ,-7)-)B' 7&3' $%'$#'
B,7)*4-##B' $&'$%#-4(1'G%'!&45'H-.!*-#'BE$.$!/#B'+,-&'$%'.!*-#'%!')-45'!&'B,/*7&'3-E$.-'
7&3'7)%$($.-R'7&3'&!%'!&'%,-'3$E$&-'"!+-)')-#$3-&%' $&'0,)$#%'.)/.$($-3'7&3'%)7&#(-))-3'H5'
%,-' ]"$)$%' %!' %,-' ")-7.,$&8' +,$.,' ,7#' 0,)$#%' .)/.$($-3' 7#' $%#' %,-*-B1<AJ' K,$#' 6$&3'!('
!!%H$7' H-4!&8#'%!'%,-'BH73B'.7%-8!)5'7&3'N7/4')-(/#-3'%!'73!"%'$%'+,-&',-' ($)#%'")-7.,-3'
%!' %,-' 0!)$&%,$7&#' O#--' -#"-.$7445' 9' 0!)1' 919:;' @19Q1' ^!)' N7/4R' %!' 3!' #!' +!/43' H-'
%7&%7*!/&%' %!'")!E$3$&8'7'B#/H#%$%/%-B'(!)'B0,)$#%'.)/.$($-3BR'+,$.,'+7#' %,-')-74'+!))5'
!(' N7/41<: P'^!)' %,-' 7"!#%4-R' B0,)$#%'.)/.$($-3B' 74!&-R' +7#' B%,-' "!+-)' !('S!3' 7&3' %,-'
+$#3!*'!('S!3B'O91@<R'@>Q1'
N7)%' 9'!('[$%($&Y#'H!!6'$#'!&'%,-'),-%!)$.74'H7.68)!/&3'!('9'0!)1' 9=>1'T-'$#'.!&E$&.-3'!('
%,-'"-)E7#$E-' 7&3'"!+-)(/4'"47.-'!('),-%!)$.'$&'($)#%'.-&%/)5'S)-.!=Z!*7&' #!.$-%5R'7&3'
H-4$-E-#' %,7%' (!)'%,-'*7I!)$%5'!('%,-' "!"/47%$!&'$%'+7#' 7'6$&3' !('B.!**!3$%5BR' +$%,' 7'
! " E
$ @477,AA($ BC+7.8A.4'.ADB($?=$! " :
$ @477,AA($ BC+7.8A.4'.ADB($E=$! ? F
$ 64&/$&8,0$,GH7,88.I'8$ 8&3+$48$JA+,$K.80I5$I-$A+,$KI7/0J$ )9=<F;($JA+,$K.80I5$I-$5,'J$)<=#;($JK.80I5$
I-$ A+.8$ 4L,$ I7$I-$ A+,$7&/,78$I-$ A+.8$4L,J$ )<=";($ J+&54'$K.80I5J$)<=9!;$ 4'0$JA+,$K.80I5$ I-$ A+.8$KI7/0J$
)!=9:;$AI$0,837.M,$A+,$+&54'$J8&M8A.A&A,J$-I7$JC+7.8A$37&3.-.,0J=$
9><$
#*744'&/*H-)'H-$&8'%,-'B")!3/.-)#B'7&3'%,-')-#%R'.!&#/*-)#1<:9' ^!)'[$%($&R'%,-'$*"7.%'!('
%,$#' "-)E7#$E-' S)-.!=Z!*7&' ),-%!)$.74' %)73$%$!&' !&' N7/4' 7&3' %,-' 0!)$&%,$7&#' +7#'
/&M/-#%$!&7H4-1' T-'-47H!)7%-#F' B%,-' 0!)$&%,$7&#'!('%,-' -7)45'0,)$#%$7&'-)71114!E-3' 7&3'
)-+7)3-3! '"(")' 7&3!)"*+,-..._7&3`' ,73'&!%'%,-'#4$8,%-#%'.!*"/&.%$!&'7H!/%' #%7&3$&8'$&'
I/38-*-&%'!E-)'%,-'#"-76-)#'+,!'.7*-'H-(!)-'%,-*B1<:@'
[$%($&Y#' E$-+' !&' ),-%!)$.R'+,-%,-)' $&' 7&.$-&%' S)-.!=Z!*7&' %)73$%$!&' !)' +$%,' #"-.$74'
)-(-)-&.-' %!' %,-' 0!)$&%,$7&'.!&%-L%R'$#' 8-&-)7445' #!/&31'K,-)-'*75R',!+-E-)R'H-'#!*-'
")!H4-*'+$%,' ,$#'7##-##*-&%'!('N7/4Y#! /"01)! "*23-40,.' G%'$#'%)/-'%,7%' $&'%,-'0!)$&%,$7&'
.!&%-L%'N7/4'+7#'.!**$%%-3'%!'")!.47$*$&8'%,-'.)/.$($-3'0,)$#%'+,$.,' [$%($&' )-87)3#' 7#'
%,-'B($L-3'7&3'/&.,7&8-3B'*-##78-R'7'B.!&#%7&%B1<:<' [$%($&' $#'74#!'M/$%-')$8,%'$&'"!$&%$&8'
!/%' %,7%' S)-.!=Z!*7&' ),-%!)$.' +7#' !(%-&'/#-3' %!' 7.,$-E-' %,-' !)7%!)Y#' 3-#$)-3' #-4(=
#--6$&8' 8!74' %,)!/8,' %,-' ")!.-##' !(' B737"%7%$!&BR' 7&3' %,-)-H5' $&' 37&8-)' !('
.!*")!*$#$&8' $&%-8)$%5' 7&3'H7#$.' ")$&.$"4-#1'T!+-E-)R'-E-&' [$%($&' 78)--#'%,7%' B(!)'%,-'
*7I!)$%5' !('7&.$-&%' ),-%!)#' %,$#' _#-4(=#--6$&8'8!74`'+7#' &!%' %,-' #!4-' .!&#$3-)7%$!&1B<:>'
K,7%'H-$&8'%,-'.7#-R'%,-)-'#--*#'%!'H-'&!'.!*"-44$&8')-7#!&' %!'%,$&6' %,7%'N7/4R'+,!',7#'
H--&'7##/*-3'H5'[$%($&' %!'H-'(7*$4$7)'+$%,'S)-.!=Z!*7&'),-%!)$.R',73'&!%'74#!'/#-3'%,-'
7)%' #6$4(/445'OH/%'&!%'.)7(%$45Q'$&'!)3-)'%!'7.,$-E-',$#'&!H4-'8!741'U/38$&8'()!*',$#'+-44=
)-7#!&-3' 7)8/*-&%' 7&3'$%#'-4!M/-&.-' $&',$#')-#"!&#-'%!'%,-'B+$#3!*B'$##/-'$&'9'0!)1'9=
>R' $%'$#',7)3' %!'H-4$-E-'%,7%'N7/4',73'&!%' $&'(7.%'*73-' #6$4(/4'/#-' !('%,-'S)-.!=Z!*7&'
),-%!)$.'!(',$#'3751'
2-4H!)7'H-8$&#'H5'"!$&%$&8'!/%'%,7%'#.,!47)#'H-(!)-'2!)43'27)'aG'%-&3-3'%!'!E-)4!!6'!)'
3-4$H-)7%-45' H5="7##' %,-' B"!4$%$.74B' 7#"-.%' !(' %,-' 0!)$&%,$7&'(7.%$!&#' 7&3' $&%-)")-%-3'
N.A-.'(!.%$/0*1*(&$'-$ 9!<=$<:9'
! ? <
$ N.A-.'(!.%$/0*1*(&$'-$ 9>"=$! ? !
$ N.A-.'(!.%$/0*1*(&$'-$ <>E=$! ? >
$ N.A-.'(!.%$/0*1*(&$'-$ <>"=$
9>!$
%,-*'47)8-45'$&'%-)*#' !('BT-44-&$#%$.'*5#%-)5')-4$8$!&#'7&3'#5&.)-%$#%$.'8&!#$#B1' K,$#'
%,-#$#'$#'$&.4$&-3'%!'%,$&6'%,7%'2-4H!)&'$#')$8,%'$&',$#'!H#-)E7%$!&',-)-1'2-4H!)&'($&3#' $%'
$*"!##$H4-' &!%' %!' ,7E-' %,-' $*")-##$!&' %,7%' N7/4' 3-#.)$H-3' %,-' #$%/7%$!&' $&' %,-'
_0!)$&%,$7&`'.,/).,'B$&'%-)*#' 4$6-'%,!#-'/#-3' %!'.,7)7.%-)$b-' .!&(4$.%#'+$%,$&' .$%5=#%7%-#'
H5' S)-.!=Z!*7&' ,$#%!)$7&#B1<:A'^!)' -L7*"4-R' N7/4' #"!6-' ($)#%' !(' !L%!/7%7' $&' 9'0!)1'
919P1'X-#$3-#! "5,"6,-7' 2-4H!)&'74#!')-(-)#'%!'!%,-)'#$*$47)45'$*"!)%7&%'%-)*#'#/.,'7#!2*,87!
O9199Q;'0c!8' O<1<Q;' d$-"$.'O919<Q'-%.1' 7&3' %,-$)'/#-#'$&'%,-' 7&.$-&%' S)-.!=Z!*7&' +!)431'
T-' .$%-#' &/*-)!/#'.47##$.74' -L7*"4-#' 7&3' 3)7+#' "7)744-4#' H-%+--&' %,-' 7&.$-&%' S)-.!=
Z!*7&' +!)43' 7&3'%,-'0!)$&%,$7&'#$%/7%$!&1'T-'$#'.!&E$&.-3'7H!/%' "!4$%$.#'7&3'),-%!)$.'
H-$&8' %,-' 6-5' %!' /&4!.6' %,-' B+$#3!*B'*5#%-)5' $&' 9'0!)1' 9=>R' 7&3' $#' ")-"7)-3' %!' #75'
3!8*7%$.7445F' BG%'$#'&!' 4!&8-)'&-.-##7)5' %!'7)8/-'787$&#%' %,-' "!#$%$!&'%,7%' %,-'.!&(4$.%'
+,$.,'-E!6-3' 9'0!)$&%,$7&#' 9=>'+7#'-##-&%$7445' %,-!4!8$.74'$&'.,7)7.%-)1' K,-'7%%-*"%'%!'
$3-&%$(5'%,-'"7)%$-#' +$%,' %,-'E$-+#'7&3'")7.%$.-#' .!&3-*&-3' -4#-+,-)-' $&'%,-'-"$#%4-R'7#'
$ (' %,-' "7)%$-#' )-")-#-&%-3' 3$((-)-&%'"!#$%$!&#' $&'7'3!8*7%$.' .!&%)!E-)#5R' ,7#' .!447"#-3'
/&3-)' $%#'!+&'+-$8,%B1<::'K,$#'%,-#$#'%76-#'%,-' E$-+' %,7%' +,$4-' $%'$#'/&+$#-' %!'%)-7%' %,-'
0!)$&%,$7&'.!&(4$.%'!&45'!)'-##-&%$7445' $&'%-)*#'!('B3!8*7%$.'.!&%)!E-)#5BR'!&-'$#'&!%'#!'
#/)-R' 7#' 2-4H!)&',7#' #!' #%)!&845',-43R' %,7%' %,-' $##/-#' $&' 9'0!)$&%,$7&#' 9=>' +-)-'I/#%'
*"',9,8-'' 7&3! 3+29"3,8-'.' K,$#'$#'H-.7/#-'$&'%,-'0!)$&%,$7&'.!&%-L%R'+,7%'7)-'"!4$%$.74'7&3'
),-%!)$.74' %!' 2-4H!)&' .!/43' ,7)345' H-' -&%$)-45' #-"7)7%-3' ()!*' %,-! 9+2"'"(,8-'.' ^!)'
$&#%7&.-R' +7#' &!%' %,-'*!#%' #-)$!/#' 7&3' 3$#%/)H$&8'$##/-'!('.,/).,'3$E$#$!&#!:-5,;"6,-5-<!
74#!' %,-' )-#/4%'!('7'E-)5'8)7E-' %,-!4!8$.74'(7$4/)-'%!' )-.!8&$b-' %,7%' %,-' .,/).,'+7#' %,-'
!&-' /&3$E$3-3' BH!35B' O!+($7Q' !(' 0,)$#%e' aE-&' 8)7&%-3' %,7%' %,!#-' "!4$%$.7445' *$&3-3'
0!)$&%,$7&#'+-)-'&!%'7+7)-'!('%,-'#-)$!/#' %,-!4!8$.74'$*"4$.7%$!&#'!('%,-$)'3$E$#$!&#'7&3'
.!&(4$.%R'N7/4',$*#-4('.-)%7$&45'+7#'6--&45'7+7)-'!('%,-*1'K,$#'$#'.4-7)45')-(4-.%-3'$&'%,-'
M/-#%$!&#' ,-'"!#-3' H-(!)-'%,-*F'B,7#' 0,)$#%'H--&'3$E$3-3e'27#'N7/4'.)/.$($-3'(!)'5!/e'
! ? #
$ O,/MI7'($ BCI7.'A+B($E"=$! ? "
$ O,/MI7'($ BCI7.'A+B($E"=$! ? ?
$ O,/MI7'($BCI7.'A+B($EE=$
9>>$
f)' +-)-' 5!/' H7"%$b-3' $&' %,-' &7*-'!('N7/4eB' O9'0!)1' 919<Q' D#' #/.,R' +!/43' $%' &!%' H-'
H-%%-)' %!' #/88-#%' %,7%' $&' %,-' 0!)$&%,$7&'#$%/7%$!&' "!4$%$.#R' ),-%!)$.' 7&3' %,-!4!85' +-)-'
.4!#-45')-47%-3'7&3'$&%-)*$L-3e'
2-4H!)&' $#'#!'-78-)'%!'3)7+'.4!#-R' -E-&' -L7.%' "7)744-4#R'H-%+--&' 7&.$-&%' .$%5=#%7%-#' 7&3'
%,-' 0!)$&%,$7&' #$%/7%$!&' !&' %,-' $##/-#' !(' #!.$!="!4$%$.74'.!&(4$.%' 7#' +-44' 7#' !&' #!.$!=
-.!&!*$.' $&-M/74$%5'7&3' .47##' 3$E$#$!&#<:?'%,7%' ,-' $#' ")-"7)-3' %!'*76-' 7&'/&M/74$($-3'
#%7%-*-&%'%,7%'BN7/4Y#'8!74' $&'9'0!)$&%,$7&#' 9=>' $#'&!%'%,-' )-(/%7%$!&'!(',-)-#5'H/%'+,7%'
N4/%7).,' 3-#.)$H-#' 7#' %,-' !HI-.%' !(' %,-' 7)%' !(' "!4$%$.#'=' %,-' ")-E-&%$!&' !(! )9-),)=.>?@9'
)-73$45'78)--'+$%,'2-4H!)&'%,7%' B%,-' ")-E-&%$!&' !(!)9-),)=' +7#'N7/4Y#' B8!74B1'X/%',!+'
3$3' N7/4' %)5' %!' 7.,$-E-' %,7%' B8!74Be' X5' #$*"45')-#!)%$&8' %!' B4!(%5' +!)3#' !('+$#3!*B'
O@19Q'7#' %,-'#!",$#%#'7&3'!%,-)#'+-)-'3!$&8e'K,-)-' $#'&!'3-&5$&8'%,7%'N7/4'")!H7H45'3$3'
#6$4(/445'/#-'#!*-'#/.,'),-%!)$.74'B*-%,!3#B' $&',$#')-#"!&#-'%!'%,-'+$#3!*'$##/-1'X/%'7#'
7' )-#"!&#$H4-' "7#%!)' 7&3! 9+2"'"(,-4' $%'$#',7)3' %!' $*78$&-' %,7%' ,-' +!/43' &!%'H-'-M/7445'
.!&.-)&-3' +$%,! 9+2"'"(,8-'! )1A)9-482' 7#' 7' )-74' 7&#+-)' %!' %,-' 0!)$&%,$7&' ")!H4-*1'
N-),7"#'%,$#' $#' 7'*7%%-)' !('3-($&$%$!&' 7&3'"-).-"%$!&1'2$%,!/%'H-$&8'3!8*7%$.' 7H!/%' $%'
!&-' %-&3#' %!' %,$&6' %,7%' +,7%' %,-' 0!)$&%,$7&#' 3$3' 7..!)3$&8' %!' 9'0!)1' 9=>' +7#' *!#%'
/&7..-"%7H4-R' $1-1R'%,-$)'/&3/45'#%)!&8'7%%7.,*-&%' %!'"7)%$./47)'4-73-)#'7#'%,-$)'B,-)!-#B;'
#-%%$&8' /"' !&-' "7)%$./47)' B4-73-)B' 787$&#%' !%,-)#' #!' 7#' %!' %-7)' %,-' .,/).,' 7"7)%R' 7#'$('
0,)$#%' ,$*#-4('.!/43'H-' 3$E$3-3;'84!)$(5$&8',/*7&' +$#3!*'!/%' !('")!"!)%$!&'-%.1'T73'
N7/4' &!%' .!&#$3-)-3' %,-' %,$&6$&8' 7&3' ")7.%$.-' !(' %,-' 0!)$&%,$7&#' B+)!&8B' 7&3' %,/#'
9+2"'"(,8-'' $&' %,-' /4%$*7%-'#-&#-R',-' ")!H7H45' +!/43' &!%' ,7E-' )-#"!&3-3' %!' %,-' $##/-'
+$%,'%,-'B+$#3!*'!('S!3B'7&3'B0,)$#%'.)/.$($-3B'+,$.,'7)-'.4-7)45!9+2"'"(,8-'' *!%$(#1'
! ? E
$ O,/MI7'($ BCI7.'A+B($:!P9F9$! ? :
$ O,/MI7'($BCI7.'A+B($ E:P:F=$
9>#$
K!'"/%' $%'#$*"45R'N7/4' ")!H7H45' ,73' #6$4(/445'-*"4!5-3'%,-' ),-%!)$.74!/29+"0' OB(!)*BQ'
%!'.!&E-5',$#! 9+2"'"(B' O%,-')-74'B#/H#%7&.-BQ1'G'7*'8473'%,7%'2-4H!)&'($&7445' )-.!8&$b-#'
N7/4Y#!9+2"'"(,8-'' $&%-)")-%7%$!&'$&',$#'.!&.4/#$!&F'
G%' $#'N7/4Y#'$&%-&%$!&'$&'9'0!)$&%,$7&#' 9=>'&!%'*-)-45'%!'"/%'7&'-&3' %!' 3$##-&#$!&'
H/%'%!'%)7&#(!)*'%,-'0!)$&%,$7&#Y' /&3-)#%7&3$&8' !('%,-' .!&(4$.%1'K,-'#%)$(-'!('%,-'
(7.%$!&#'$#'&!'"-%%5'M/7))-4R'&!! C',D124)932,97' H/%'7'*$))!)'!('%,-'.!#*$.'.!&(4$.%'
H-%+--&' %,-' )/4-)#' !(' %,-' 78-' 7&3' %,-' "!+-)' !(' S!31! E+2! 9+2"'"(,8-'!
,4923*329-9,"4! 9+-9! 9+2!-*")9'2! (,F2)! 9"!9+2!)931(('2! ,)!"AF,"1)'B! 02),(420! 9"! 9134!
9+2! C"3,49+,-4! C+3,)9,-4)! -G-B! H3"/! *"',9,8)' O$%74$.#'&!%' !)$8$&74Q1' K,-' (7%-'!('
%,-' .!**/&$%5'3!-#'&!%' )-#%'/"!&' ")-.-"%#'!('#%7%-.)7(%R' H/%' /"!&' %,-' +!)3'!('
%,-' .)!##1' K,/#R' $%#'*-*H-)#'&--3' &!%' 4!!6' %!' "!4$%$.74' 4-73-)#R' H/%' .7&' 7+7$%'
)-3-*"%$!&' ()!*'S!31< ? P'
]/.,' H-$&8' %,-' .7#-R' 7#' 2-4H!)&' ,$*#-4(' ,7#' #!' .4-7)45' "/%' $%' $&' ,$#' .!&.4/#$!&R' 7'
)-7#!&7H4-'7&3' H747&.-3' "!#$%$!&'$#'%!' %76-' %,-' 0!)$&%,$7&'.!&%)!E-)#5' 7#' #!.$!4!8$.74'
O!)R'$&'2-4H!)&Y#'!+&'+!)3#R'$&'%-)*#'!('"!4$%$.#'7&3'),-%!)$.Q'7#'+-44'7#'%,-!4!8$.741'
N!8!4!((',7#' 7%%-*"%-3' 7'()-#,')-73$&8'!('9'0!)1' 9=>'H7#-3'!&'B%,)--'./))-&%#B' $&'")-#-&%'
gK'#.,!47)#,$"1<?9' K,-#-'%,)--'./))-&%#' 7)-'$&%-))-47%-3'7&3'%,-5')-")-#-&%'B7'*7I!)'#,$(%'
$&' $&%-)")-%7%$E-'#%7&.-B1'K,-'($)#%'7&3'(!)-*!#%'./))-&%'$#'7'B)-3$#.!E-)5'!('7&3' )-&-+-3'
7"")-.$7%$!&' (!)'7&.$-&%' ),-%!)$.B'+,$.,'&!' 4!&8-)')-87)3#'B),-%!)$.B'&7))!+45'$&'%-)*#'
!(' B#%54-B'7&3',-&.-'B*-)-'),-%!)$.B1'K,-' )-3$#.!E-)5' &!+'.4-7)45' #,!+#' %,7%' ),-%!)$.'
7((-.%-3' E$)%/7445' 744' S)-.!=Z!*7&' ./4%/)-' 7&3' ")7.%$.7445' -E-)5' 4-E-4' !(' #!.$-%5R'
$&.4/3$&8' -7)45' 0,)$#%$7&$%51'K,-' #-.!&3' ./))-&%' $#' (!/&3'$&' %,-' B)-&-+-3' $&%-)-#%' $&'
#!.$74' (7.%!)#BR' #/.,' 7#' #!.$74' #%7%/#' +,$.,' ,73' %!' H-' .!&#%7&%45' *7$&%7$&-3' %,)!/8,'
($-).-'.!*"-%$%$!&'7&3'H!7#%$&8'-%.1'N!8!4!(('H-4$-E-#' %,$#'+!/43' 744!+'B7' ()-#,'4!!6'7%'
9'0!)$&%,$7&#B1'K,-' %,$)3'./))-&%' $#'$&'%,-'B.,7&8-'$&',-)*-&-/%$.74'%,-!)5B1'W&4$6-' %,-'
!43R'%,-'&-+'B),-%!)$.74'.)$%$.$#*B'-&7H4-#'%,-'$&%-)")-%-)' %!'/#-' %,-'%-L%#' 7#'H!%,'4$%-)7)5'
7&3',$#%!)$.741'D&3'%,-'"!$&%'!('B$&%-)#-.%$!&B'H-%+--&' %,-'%+!'$#'%,-' ),-%!)$.741'f&'%,-'
+,!4-' N!8!4!(('#'/&3-)#%7&3$&8' !(' ),-%!)$.' $&' %,-' #!.$!="!4$%$.74'.!&%-L%' !(' 7&.$-&%'
! E F
$O,/MI7'($ BCI7.'A+B($ 9F:=$! E 9
$ 6ILI/I--(!2$3$+-$ 9P!=$
9>"$
S)-.!=Z!*7&' +!)43' $#'M/$%-'#$*$47)'%!'2-4H!)&Y#1'N!8!4!(('#'-*",7#$#'$#'!&'%,-'#!.$74'
7&3'./4%/)74'(7.%!)#'+,$.,' B-&(4-#,'N7/4Y#'47&8/78-B1' D87$&R' 4$6-'%,!#-'+,!'7)-'6--&'
%!' ")!*!%-' ),-%!)$.' $&'gK' #%/3$-#R' N!8!4!((' 74#!' ,7#' %,-' %-&3-&.5' %!' 3!+&"475' %,-'
$*"!)%7&.-'!('3!.%)$&74'7&3'%,-!4!8$.74'.!&.-)&#' $&'9'0!)1' 9=>1'T-')-73$45'7##/*-#'%,7%'
$&' 9'0!)$&%,$7&#'BN7/4' $#'733)-##$&8' 7&'-L$8-&.-' !('%,-'-%,$.74'3$*-&#$!&#' !('3$E$#$!&R'
&!%' 3!.%)$&74' 3$E-)8-&.-B1'< ? <' f&-' $#' /&.!*(!)%7H4-' +$%,' N!8!4!(('#' )7%,-)' 7)%$($.$74'
#-"7)7%$!&' H-%+--&' %,-' B-%,$.74B'7&3' %,-' B3!.%)$&74B1' G&'(7.%R'N!8!4!((' ,$*#-4(' ,7#' 74#!'
.4-7)45'!H#-)E-3' %,7%'BN7/4'$#')-#"!&3$&8'&!%'%!'3$E$#$!&' $%#-4(R'H/%'%!'%,-'BE74/-#B'+,$.,'
4$-'H-,$&3' %,-*B1<?>'X/%'+,7%'7)-' B%,-' E74/-#' +,$.,' 4$-'H-,$&3Be'2,7%-E-)' %,-5'*$8,%'
H-R' %,-5' */#%' #!*-,!+' H-' )-4-E7&%' %!' 0,)$#%$7&! 0"893,42).' \!)-!E-)R' 7#' N!8!4!(('
,$*#-4(' ,7#' )$8,%45' !H#-)E-3R' B%!'"-)#/73-'%,-'0!)$&%,$7&#' %!'.,7&8-' %,-$)' E74/-#' 7&3'
H-,7E$!)R' N7/4' 7""-74#' %!' %,-' &7))7%$E-' !(' .!**/&$%5'!)$8$'G&' %,$#' &7))7%$E-R' N7/4'
(!/&3-3' %,-' .!**/&$%5' H5' ")-7.,$&8' %!' %,-*' 7H!/%' %,-' .)/.$($-3' 0,)$#%B1'< ? C' X5'
B.!**/&$%5' !)$8$&#B' 7&3' B.)/.$($-3' 0,)$#%B' N!8!4!((' !HE$!/#45' ,7#' $&' *$&3' %,-'
0,)$#%$7&' B.744$&8B'$&'9'0!)1'91@A=<P'7&3'%,-'8!#"-4'*-##78-'!('N7/4'+,$.,',73'0,)$#%Y#'
.)/.$($L$!&'7%'$%#'E-)5'.-&%)-' $&'91@<;'@1@1'G&'.7#-'%,-'"!#$%$!&'!('%,$#'%,-#$#',7#' 8$E-&'%,-'
/&$&%-&3-3' $*")-##$!&'!('H-$&8'/&(7$)'%!'N!8!4!(('+,!#-' $&#$8,%#' )-87)3$&8'),-%!)$.'$%'
7.%/7445'7"")-.$7%-#R' 4-%'"7)%'!(',$#'.!&.4/#$!&'H-'M/!%-3'7"")!E$&845',-)-F'
N7/4' $&#$#%#' %,7%' *!3-4$&8' %,-' .,/).,' !&' #/.,' 7%%$%/3-#' 7&3' H-,7E$!)#' !(' %,-'
!/%#$3-' +!)43' H-%)75#' %,-' ,-7)%' !(' %,-' 8!#"-41' 0,)$#%$7o#,!/43' &!%'3$E$3-'
%,-*#-4E-#' ()!*'!&-' 7&!%,-)R' H-.7/#-'0,)$#%' #/((-)-3'7&3' 3$-3' 7&3' )!#-'787$&'
-M/7445' (!)'7441'K,-'"-)#/7#$E-&-##'!('N7/4Y#'*-##78-'$#' &!%' %!'H-' 7%%)$H/%-3'%!'
%,-' #%7%/#'!('),-%!)$.74' #6$44' O-E-&' $ (',-' ,7#' $%QR'H/%' %!' %,-' 7/%,!)$%5',-' 3-)$E-#'
()!*' ,$#' *7#%-)1' K,$#' 7/%,!)$%5' ,-' &!%' !&45' #"-76#' H/%' 7.%#' $&' #/((-)$&8R'7'
,/*H4-'7%%$%/3-',-'-&I!$&#'%,-'0!)$&%,$7&#'%!'$*$%7%-1<?A'
6ILI/I--(!2$3$+-$ !=$
6ILI/I--(!2$3$+-$ 9F>=$
6ILI/I--(!2$3$+-$ 99:=$
6ILI/I--(!2$3$+-$ 99:=$
6ILI/I--(!2$3$+-$ 9>=$
^!)'\$%.,-44' B9'0!)$&%,$7&#'$#'7'/&$($-3'3-4$H-)7%$E-'4-%%-)'+,$.,'%,)!/8,!/%'/)8-#'/&$%5'
!&' %,-'3$E$3-3'0!)$&%,$7&'.,/).,1B<?:'K,)!/8,'-L-8-%$.74' $&E-#%$87%$!&'!('%,-'47&8/78-'
7&3'.!*"!#$%$!&'!('%,-'%-L%R'\$%.,-44'.!&.4/3-#' %,7%'N7/4Y#'"!4$%$.74'%-)*#'7&3! 9"*",' $&'9'
0!)$&%,$7&#'+-)-'.!**!&"47.-' $&'S)-.!=Z!*7&' "!4$%$.74' %-L%#' .!&.-)&$&8'.!&.!)3'7&3'
(7.%$!&74$#*1' T-)' (!./#' $#' %,/#' !&' %,-' B"!4$%$.74B' &7%/)-' !(' 9' 0!)$&%,$7<??' G&'
\$%.,-44Y#' E$-+R' ,!+-E-)R' N7/4Y#' ),-%!)$.' !(' )-.!&.$4$7%$!&' $&' 9' 0!)$&%,$7&#' +7#' 7'
(7$4/)-'!&'7%'4-7#%'%+!'8)!/&3#1'^$)#%'!('744R' $%'#--*#')7%,-)' .4-7)' ()!*'@'0!)$&%,$7&#'%,7%'
BN7/4Y#' ),-%!)$.74' #%)7%-85' !(' 7""-74$&8' %!' ,$*#-4(' 7#' %,-' )-#"-.%-3' -L7*"4-' %!' H-'
$*$%7%-3' +7#' &!%' +-44' )-.-$E-3' 7%' 0!)$&%,R'H/%' +7#' $&#%-73' &-87%$E-45' $&%-)")-%-3' 7#'
N7/4Y#' Y#-4(=)-.!**-&37%$!&1Y']-.!&345R' 7#'7'3-4$H-)7%$E-'7)8/*-&%' (!)'.!&.!)3R'N7/4Y#'
9' 0!)$&%,$7&#'+7#' 7&' $&,-)-&%45')$#65'/&3-)%76$&81' G&#%-73' !(')-/&$%$&8'%,-'0!)$&%,$7&'
(7.%$!&#R' N7/4' #--*#R' H5' ,$#' 7)8/*-&%' $&' %,$#' 4-%%-)R' %!' ,7E-' Y$&./))-3' %,-' -&*$%5'!('
H!%,1YB < ? J'X/%'\$%.,-44' ,7#' 74#!'"!$&%-3'!/%'7%' %,-'#7*-'%$*-'%,7%'3-#"$%-'$%#'B$&7/8/)74'
(7$4/)-BR' 9'0!)$&%,$7&#')-*7$&-3' 7'E-)5'$*"!)%7&%'7&3'"!"/47)'3!./*-&%' (!)'7""-74#'(!)'
.,/).,'/&$%5'7&3')-.!&.$4$7%$!&1<JP'
2$&%-)Y#' #%/35' !&' %,-' #!",$#%$.' *!E-*-&%#' $&'%,-' -7)45' Z!*7&' a*"$)-' $&'D4-L7&3)$7'
7&3'0!)$&%,',7#'.!&E$&.-3',$*'%,7%'B%,-'N7/4$&-' 4-%%-)#'%!'0!)$&%,11'1.!&%7$&'$&(!)*7%$!&'
+,$.,'$#'&!%'(!/&3'-4#-+,-)-'!&'%,-'($)#%=.-&%/)5'#!",$#%$.'*!E-*-&%1B<J9' 2$&%-)'%,$&6#'
%,7%'%,!#-'0!)$&%,$7&#'+,!'+-)-'/&$%-3'$&'%,-$)'#/""!)%'(!)'D"!44!#'+-)-',!"$&8'%,7%' %,-'
),-%!)$.7445' #6$4(/4'!)7%!)'+!/43',-4"'-#%7H4$#,' %,-$)'#!.$74'")-#%$8-' $&'%,$#'Z!*7&'.$%5'O9'
0!)1' 9A19@QR' 7&3' %,7%' B%,-$)' .,!$.-' !(' %,-' Y#"-76$&8Y' D"!44!#'!E-)' %,-' Y+)$%$&8Y' N7/4'
)-(4-.%#' 7' 4!&8=#%7&3$&8' ")-(-)-&.-' %,7%' 8!-#'H7.6' %!' %,-' 375#' !(' G#!.)7%-#1B' 2$&%-)'
Q.A3+,//(!45/$'/&0&*(&$'-$ <:"=$
Q.A3+,//(!45/$'/&0&*(&$'-$ !FF=$
Q.A3+,//(!45/$'/&0&*(&$'-$ !F!=$
Q.A3+,//(!45/$'/&0&*(&$'-$ !F!P>($
O.'A,7(!.)&0$-$ <!<=$
O.'A,7(!.)&0$-$ <>9=$
9>E$
,7#' %,/#'*73-'7'#$8&$($.7&%'!H#-)E7%$!&' %,7%' %,-'0!)$&%,$7&'.!))-#"!&3-&.-'B)-(4-.%#'%,-'
#"$)$%$ I-' %,-' 78-$ I-' %,-' -7)45' Z!*7&' a*"$)-R' (!)'%,-' "/H4$.' !)7%!)' +7#' .4-7)45' $&' %,-'
7#.-&37&.51B<J<'
K,-'7H!E-')-E$-+$I-'#!*-$I-'%,-'#.,!47)45'E$-+#',7#' #,!+&'%,7%'+,$4-'%,-)-',7#'H--&'7'
.!&#-&#/#' 7*!&8' *!3-)&' #.,!47)#' .!&.-)&$&8' %,-' $*"!)%7&.-$ I-' %,-' )-=3$#.!E-)5$ I-$
S)-.!=Z!*7&' ),-%!)$.' (!)'0!)$&%,$7&' #%/3$-#R' $%' $#' 74#!' .4-7)' %,7%' %,$#' $*"!)%7&%' )-=
3$#.!E-)5' ,7#' 74#!'4-3'#.,!47)#'%!'E7)$!/#' 3$)-.%$!&#' 7&3'.!&.4/#$!' 2,$4-' %,$#'%,-#$#'
3/45' )-.!8&$b-#' %,-#-'#.,!47)#Y' )-#"-.%$E-' .!&%)$H/%$!&#'%!'%,-' /&3-)#%7&3$&8$ I-'S)-.!=
Z!*7&' ),-%!)$.R' !&-' "7)%$./47)45' $*"!)%7&%' 7#"-.%R' &7*-45R' $%#' 3-4$E-)5R' !)' BH!35'
47&8/78-BR' 3!-#'&!%' #--*'%!',7E-'H--&'%76-&' #-)$!/#45' -&!/8,' H5'%,-#-'#.,!47)#1' K,$#'
%,-#$#'+$44' %)5'%!'#,!+' %,7%'3-4$E-)5R'+,$.,'+7#'.!&E-5-3'H5'"!+-)(/4'BH!35' 47&8/78-B'
$&' S)-.!=Z!*7&' ),-%!)$.R'+7#' .)/.$74'$&'%,-' !""!&-&%#Y' .)$%$.$#*$ I-'N7/4' 7#' +-44' 7#'$&'
%,-'7"!#%4-Y#! -*"'"(,-.!
>=!$R+,AI7.3$.'$S7,3IPRI54'$C&/A&7,$
>=!=9$ R+,AI7.3$48$I74/$3&/A&7,$.'$S7,3IPRI54'$8I3.,AD1$2'$IT,7T.,K$
G&! I"3(,-)7' N47%!' 3-($&-3' ),-%!)$.' 7#' B%,-' 7)%$($.-)$ I-' "-)#/7#$!&B$ ).U,.SI&V$
C&WX=NI.Q"hA;Q1<J>' K7*#5&'X7)%!&'#/88-#%#'%,7%' B%,-' 7"")-.$7%$!&$ I-'%,-'*78$.74'"!+-)$I-$
),-%!)$.'7""-7)#'7#' 7'%,-*-' 7%'4-7#%'7#' -7)45' 7#' %,-' ($( %,'.-&%/)5'X01' G%'$#'7'4-$%*!%$('$&'
N47%!&$.'3$#./##$!&#$ I-' ),-%!)$.R'+,-)-' ),-%!)$.$7&#' 7)-'!(%-&'.!&(/%-3'7#' .!&I/)-)#1B<JC'
D)$#%!%4-' 3-($&-3' ),-%!)$.' 7#' B%,-' (7./4%5$ I-' 3$#.!E-)$&8' %,-' "!##$H4-' *-7&#$ I-$
! : !
$ O.'A,7(!.)&0$-$ <>9=$! : >
$ 6/4AI(!6$%37$ >#!4=$!: #
U458D'$ *=$ @47AI'($ B6+D8.I'I5.381! 8$&%-! 9*:$&%-! .$;:$&%<-$ .'! .$=5%! *'>! ?'$=05>35@! A+(%$0$3B-!
.)B+&$3'$1&5+-! *'>!C5>&/&'5! ;'>5%! ()5!4$1*'! D1E&%5$ )2''$27MI71!F'&:5%+&(B! $G!C&/)&3*'! .%5++-$ 9::>;($
:#P9!9($ 4A$:?=$SI7L.48(!H507$ 9F=$6/4AI(!D;()B>7$ <EE@PCV!.%$(*37$ !9#2=$
9>:$
"-)#/7#$!&1B<JA' G#!.)7%-#' 3-#.)$H-3' G4-$f%!' 7#' 8!33-##'H5' +,!*' 7&' !)7%!)' .!/43' #,7)-'
,-)' "!+-)! :J6<F16,,87<'%,)!/8,'-4!M/-&.-1<J:' i/$&%$4$7&' )-87)3-3' ),-%!)$.'7#' B%,-' #.$-&.-'
!(' #"-76$&8'+-44! :A242! 0,8240,! )8,249,-<=./' Z,-%!)$.'$&E!4E-3'H!%,'%,-!)5'7&3'")7.%$.-1'
]!*-'")-(-)'%!'/#-' %,-'%-)*'B!)7%!)5B'+$%,')-(-)-&.-'%!'%,-'7.%/74'#"--.,'7&3'B),-%!)$.B'
%!'$&3$.7%-'%,-'%,-!)5'!)'%-.,&$M/-'!('#"-76$&81<JJ'
K,-' *7$&' (-7%/)-' !(' S)--6' ),-%!)$.' +7#' !HE$!/#45! "3-'' -L")-##$!&' +$%,' "7)%$./47)'
.!&.-)&' (!)'.47)$%5R' E$8!/)R'7&3' H-7/%5' H5' %,-' #%7&37)3' !(' %,-' .47##$.74' S)--6' *$&31'
D&.$-&%'S)--6'#!.$-%5' )-4$-3',-7E$45'!&!"3-'' -L")-##$!&1'D4%,!/8,' 4$%-)7.5'+7#'74)-735'
-L%-&#$E-' $&'D%,-&#'$&'%,-' ($(%,'7&3' (!/)%,'.-&%/)$-#' X0R')-73$&8'7&3'+)$%$&8'+-)-' #%$44'
M/$%-'3$(($./4%R')-87)34-##' !('%,-'*7%-)$74#'/#-3R'+,-%,-)'#%!&-R'H)!&b-R'.475R'+!!3R'+7LR'
!)'"7"5)/#1'f)74'-L")-##$!&' %,/#')-*7$&-3'*!#%'")$*7)5'7&3'.!**!&1'2,-%,-)')-73$&8'
%!'7'#*744'8)!/"'!)'I/#%' #$*"45'%!',$*#-4(' 74!&-' 7'S)--6'*7&'+7#' M/$%-'7../#%!*-3' %!'
)-73$&8! -'"10.>PP' G%' $#' M/$%-' +-44' 6&!+&' %,7%' %,-'T!*-)$.'"!-*#' 7&3' 7' 8)-7%' 3-74'!('
7&.$-&%'S)--6'3)7*7' ($)#%'-L$#%-3!"3-''B' H-(!)-'%,-5'+-)-'.!**$%%-3'%!'(!)*74'+)$%$&81'
]"--.,R' !)'!)74'3-4$E-)5R'3$3'&!%'4!#-'$%#'#"-.$74'#$8&$($.7&.-'-E-&'+,-&'%,-'!)$8$&74'!)74'
4$%-)7%/)-'H-.7*-'+)$%%-&1'f)7%!)5'+7#'74#!'/#-3'7'8)-7%'3-74'$&'7&.$-&%'",$4!#!",5'H!%,'
$&'%,-'%-7.,$&8'!('4!8$.74'*-%,!3'7&3'(!)'%,-'-L"!#$%$!&'!('$3-7#'7&3'3!.%)$&-#'7#'+-44' 7#'
(!)'-&878-*-&%' $&'3$74!8/-#1>P9'aE-&'4-%%-)#'!(%-&'#!/&3-3' E-)5'*/.,'4$6-'#"--.,-#R'7#'
+7#'%,-'.7#-'+$%,' .-)%7$&'g-+'K-#%7*-&%' 3!./*-&%#1' G&'0!4!##$7&#' >19AR'(!)'-L7*"4-R'
#"-.$74' $&#%)/.%$!&'+7#' 8$E-&'(!)'%,-' 4-%%-)'%!'H-' )-73' $&'%,-'.,/).,'!('%,-' [7!3$.-7&#R'
7&3' #$*$47)45R' (!)'%,-'[7!3$.-7&'4-%%-)'%!'H-')-73' $&'0!4!##7-1' X-#$3-#' 4-%%-)#' 7&3'!%,-)'
+)$%%-&' +!)6#R' S)--6' !)7%!)5' ,73' 7' E-)5' H)!73' .!E-)78-' %!' $&.4/3-'",$4!#!",$.74'
! : "
$ 27.8AIA/,(!4)5(7$ 9!##M$<=$! : ?
$ Y8I374A,8(!A'(&>7$ !<!$! : E
$ Z&.'A./.4'$ <=9#=!>=$! : :
$ [,'',0D(!I)5!A%(!$G!.5%+;*+&$'! &'!6%55/5$ )67.'3,AI'1$67.'3,AI'$\'.T,78.AD$67,88($9:"!;($:=$> F F
$ [,'',0D(!.5%+;*+&$'-$ !P>=$> F 9
$ [,'',0D(!.5%+;*+&$'-$ >P"=$
9#F$
+)$%$&8#R'#-)*!&#R' "!4$%$.74'"7*",4-%#R'-3/.7%$!&74'%)-7%$#-#R' (/&-)74'-&.!*$/*#R'7#'+-44'
7#' !%,-)' $&%-44-.%/74'-L-).$#-#1' G&'S)--6' !)7%!)5' %,-!H"3/7' -#"-.$7445' $%#! "3-'! 02',F23B7!
+7#'I/#%'7#'$*"!)%7&%'7#'$%#!)1A)9-4827' 7&3'!(%-&'*!)-'#!1>P @' K,$#'+$44' H-.!*-'-E$3-&%'$&'
%,-'#%/35'!('.47##$.74'%-L%#'47%-)'$&' %,$#'.,7"%-)1'
j/-' %!' %,-' E-)5' ")!*$&-&%' )!4-' !(' !)7%!)5' $&' 7&.$-&%' 4$%-)7)5' 7.%$E$%$-#R' $%' $#' &!%'
#/)")$#$&8' %,7%' 4$%-)7)5' .)$%$.$#*' +7#' -##-&%$7445' ),-%!)$.74' $&' )-74$%51' f)7%!)5'!(%-&'
H-.7*-'%,-'.-&%)-'!('7%%-&%$!&;'-E-&'%,-'#%)/.%/)-R'7"")!7.,R' #%7&37)3#R' 7&3'%-)*$&!4!85'
!(' 4$%-)7)5'.)$%$.$#*'+-)-'47)8-45'H!))!+-3'()!*'%,-'),-%!)$.74'#.,!!4#1' > P <' D 4 4' %,-#-'7&3'
!%,-)')-4-E7&%'(7.%!)#'&7%/)7445'.!&%)$H/%-3'%!'%,-'3-E-4!"*-&%'!('S)-.!=Z!*7&'!)7%!)5'
7#'+-44'7#' $%#'($)*45'-#%7H4$#,-3'"47.-'$&'%,-'+,!4-'$&%-44-.%/74' 4$(-'7&3'.$E$4$b7%$!&'!('%,-'
S)-.!=Z!*7&'+!)43'$&'7&%$M/$%51'
D#' %,-'-4!M/-&.-' 7&3'"!+-)'!('!)7%!)5'+!/43'H-'M/$%-'*-7&$&84-##' +$%,!/%' %,-',-7)-)'
!)' 7/3$-&.-R' S)-.!=Z!*7&' ),-%!)$.' .!/43' 74#!' H-' #7$3' %!' H-' E-)5! -10,2482;82492320.!
^)!*' E-)5' 7&.$-&%' %$*-'%,-' S)--6#' ,73' H--&' $&%/$%$E-45' 3)7+&' %!' ,/*7&' -4!M/-&.-1'
K,-5' )-E-44-3'$&'$%'7&3'+-)-'*!#%' 3-4$8,%-3'$&'H-$&8' #+-"%' 7+75' H5' $%1'K,-5',73' #!'
*/.,'-L"-.%7%$!&' ()!*'%,-'-4!M/-&.-' !('%,-'#"-76-)#'%,7%' %,-5'.!/43' #/33-&45' H-.!*-'
,!#%$4-' %!+7)3'%,-' #"-76-)#'+,!'(7$4-3' %!' #7%$#(5'%,-*'> P >' G&'%,-'+!)3#'!('[$%($&R' %,-5'
#--*-3' %!'+7&%' %!'H-' B4$(%-3'/"' 7&3' .7))$-3'!/%' !('%,-*#-4E-#' H5' %,-' #,--)'"!+-)'!('
-4!M/-&%'+!)3#1B>PC'
N47%!'+7#'7&L$!/#'%,7%'"-)#/7#$!&' .!/43'H-'7..!*"4$#,-3'A/L'".Ad$&E' D1AE!/'OBH5'%,-'
[,'',0D(!.5%+;*+&$'-$ "P?=$
[,'',0D(!.5%+;*+&$'-$ ?PE=$
C-=$6/4AI(!.%$(*37$ !9:@P!<!2V$],'IH+I'(!C517$ !="=9=$
N.A-.'(!.%$/0*1*(&$'-$ !#=$
9#9$
"!+-)'!('+!)3#BQ1' f&'7&!%,-)' !..7#$!&R' N47%!'/#-3' %,-' %-)*'?+7/7V;'%!'3-#.)$H-' %,-'
K"B"F! JG-6,,87' OB(/&.%$!&' !(' #"--.,BQ1>P:' G&' D)$#%!%4-Y#' ),-%!)$.R' %,-' %-)*' ".7/)$' +7#'
)-"47.-3' H5! AG-L,,M7' +,$.,' +7#' !(%-&' %)7/%-3' 7#' B(7./4%5RB' B.7"7.$%5BR>P?'H/%' %,-'
-##-&%$74' *-7&$&8'!('B"!+-)B'+7#'&-E-)' 4!#%1' i/$&%$4$7&'/#-3' %,-'[7%$&' %-)*!F,)'+,$.,'
+7#' %,-' -M/$E74-&%' !(' %,-' S)--6' ]/E7/=/;' %!' 3-#.)$H-' ),-%!)$.' 7#' %,-' "!+-)' !('
>F:$
"-)#/7#$!&1'
D..!)3$&8' %!' .!&E-&%$!&74'%,-!)5' 7&3'")7.%$.-'S)--6' ),-%!)$.'.!&#$#%-3' !(' ($E-'*7I!)'
"7)%#R' &7*-45R' $&E-&%$!&R' 7))7&8-*-&%R' #%54-R' *-*!)5' 7&3' 3-4$E-)51' O9Q' G&E-&%$!&'
O-/"-7$.;R! ,4F249,"<' +7#' *7$&45' .!&.-)&-3' +$%,' %,-' #/HI-.%' *7%%-)' 7&3' $%#' )-4-E7&%'
M/-#%$!&#' $&'")-"7)7%$!&'(!)'%,-'7"")!")$7%-'7)8/*-&%#' %!'H-'/#-3' $&'")!!('!)')-(/%7%$!&1'
O@Q' D))7&8-*-&%' O%7c$8R! 0,)*"),9,"<' $&E!4E-3' %,-' .7)-(/4'7&3' (!)*74' !)87&$b7%$!&'!('7'
#"--.,' $&%!' "7)%#1' O<Q']%54-' OD1-k$V;R!2'"819,"<' +7#'H7#-3'!&' %,-' #!=.744-3' B(!/)'E$)%/-#BR'
$1-1R' .!))-.%&-##R' .47)$%5R' !)&7*-&%7%$!&R' 7&3' ")!")$-%51'O>Q'\-*!)5' Od$E^U.O$)dR! /2/"3,-<!
+7#'.!&.-)&-3' +$%,' B*&-*!&$.'3-E$.-#B1' OCQ'j-4$E-)5' O\YU_[6Y_YCV (! -89,"<' 3-74%'+$%,' %,-'
)/4-#'(!)'%,-'.!&%)!4'!('%,-'E!$.-'7&3'!%,-)'H!3$45'8-#%/)-#'!('%,-'!)7%!)1>9P'
T$#%!)$.7445R'),-%!)$.'#--*-3'%!',7E-' 7)$#-&' 47)8-45'%!'#-)E-'3-*!.)7.5R' (!)'-L7*"4-R'$&'
]$.$45'7&3'S)--.-R' 7&3'-#"-.$7445'7%'D%,-&#R'7&3'$%#'*7$&'.!&.-)&'+7#'47)8-45'+$%,' .$E$4'
M/-#%$!'f('%,-'%,)--'H7#$.' -4-*-&%#' $&'#"--.,'+,$.,' ,73'H--&' $3-&%$($-3'H5'D)$#%!%4-'
NO+29"3,8' 9<C?7'<?Q'=' #"--.,R'#"-76-)R'7&3'7/3$-&.-' =' %,-' ($)#%'+7#'!(%-&'.!*")!*$#-3'
3/-' %!'$%#'")-!../"7%$!&' +$%,' %,-' 47#%' %+!1'K,$#'"!$&%'$#'"7)%$./47)45'#$8&$($.7&%'(!)'%,$#'
%,-#$#R' H-.7/#-R'7#' +$44' H-' #--&' 47%-)' $&'.,7"%-)' CR'N7/4Y#'")$*7)5'.!&.-)&' +7#'.4-7)45'
+$%,' %,-! 8"49249' !('%,-' #"--.,' $%#-4(R'&7*-45R'B%,-'*-##78-'!('%,-'.)!##BR' 7&3'&!%' +$%,'
> F "
$ 6/4AI(!.)*5>%7$ <"?2=$
> F ?
$ 6/4AI(!.)*5>%7$ <?Y%=$> F E
$ 27.8AIA/,(!4)5(7$ 9!#"4$<V$9!"<M$9>=$> F :
$ Z&.'A./.4'$<=9#=!P>=$> 9 F
$ [,'',0DV!.5%+;*+&$'-$ 9FP<=$
9#<$
B4!(%5'+!)3#'!)'+$#3!*B'O9'0!)1'@19Q'!)'B"47/#$H4-'+!)3#'!('+$#3!*B'O@1'>Q1'\!)-!E-)R'
7#'7'B#"-76-)B'!)'B!)7%!)BR'N7/4'.!&(-##-3' !"-&45'%,7%',-'3$3'&!%'.!*-' %!'0!)$&%,' +$%,'
%,-'#%)-&8%,'7&3'#-4(=.!&($3-&.-'+,$.,'+-)-'-L"-.%-3'!(',$#'S)-.!=Z!*7&' .!/&%-)"7)%R'
H/%' B$&' +-76&-##' 7&3' $&' (-7)' 7&3' $&' */.,' %)-*H4$&8B' O@1<Q1' K,-' *-7&$&8' 7&3'
$*"4$.7%$!&#' !(' N7/4Y#' #-4(=.!&(-##$!&' O!)' #%)7%-85Q' .7&' !&45' H-' 7"")-.$7%-3' $&' %,-'
.!&%-L%'!('S)-.!=Z!*7&'),-%!)$.1'
Z,-%!)$.' /&3-)+-&%' $%#' 8)-7%-#%' 3-E-4!"*-&%' $&' %,-' T-44-&$#%$.' "-)$!31' K,-' ($)#%'
.!*"4-%-' ,7&3H!!6' $#' %,-! O+29"3,8-! -0! P23244,1/7' 7&' 7&!&5*!/#' ($)#%=.-&%/)5'X0'
%)-7%$#-'!&.-'7%%)$H/%-3'%!'0$.-)!'47)8-45'H-.7/#-'0$.-)!Y#'-7)45!Q2! ,4F249,"42! 3+29"3,8-!
"7)744-4-3'"7)%'!('$%1' K)73$%$!&74' %,-!)5'$#'(!/&3'$&'0$.-)!Y#' 47%-)'+!)6#!Q2!R3-9"32' 7&3'
R3-9"37' 7#' +-44' 7#! S-39,9,"42)! R3-9"3,-2.' K,-' #7*-' $#' 74#!' %)/-' $&' %,-' +)$%$&8#' !('
j$!&5#$/#' !('T74$.7)&7##/#' 7&3'%,-'-43-)']-&-.71'X/%'%,-'*!#%' .!*"4-%-'-L")-##$!&' $#'
(!/&3'$&'i/$&%$4$7&Y#!'4)9,919,"! R3-9"3,-.T??!
>=!=<$R+,AI7.3$48$3I7,$,0&34A.I''O*L$]-$7Q'
D(%-)' 4-7)&$&8' ,!+' %!' )-73' 7&3' +)$%-R' %!8-%,-)' +$%,' #!*-' 7)$%,*-%$.R'*/#$.74' 7&3'
85*&7#%$.'%)7$&$&8R'7'S)--6'H!5'7%'%,-'78-'!('7H!/%'(!/)%--&'+!/43'H-'#-&%'%!'%,-'#.,!!4'
!(' %,-' ),-%!)$.$7&'(!)'(!)*74' %,-!)-%$.74' $&#%)/.%$!&'$&'"/H4$.'#"-76$&81'K,$#'+7#'*!#%'
4$6-45' %!'H-' .!&%$&/-3'(!)'%,-' )-#%'!(',$#' 4$(-1'K,-' #!",$#%#' 74#!' 73!"%-3' $&#%)/.%$!&' $&'
"/H4$.'#"-76$&8'7#'7&'$*"!)%7&%'"7)%'!('%,-$)'-3/.7%$!&1>9@'
K,-)-' ,7#' H--&' .!&%)!E-)#5' !E-)' %,-' )!4-' !(' #!",$#%#' $&' %,-' 3-E-4!"*-&%' !('S)-.!=
Z!*7&' ),-%!)$.R'7' %!"$.' %,7%' 3-#-)E-#' 7'H)$-(' .!**-&%' ,-)-1' K,-' #!",$#%#' +-)-'!(%-&'
> 9 9
$ [,'',0D(!.5%+;*+&$'-$ 9!=$> 9 <
$ [,'',0D(!.5%+;*+&$'-$ ?=$
9#!$
"!)%)75-3' 7#'")!(-##$!&74'-3/.7%!)#' H/%'&!%'",$4!#!",-)#R'+,!'-3/.7%-3' 5!/&8'*-&'(!)'
,$8,' (--#1' N47%!' %,/#' 3-#"$#-3' %,-' #!",$#%#' +,!'B")!(-##' %!'H-' %-7.,-)#' !('E$)%/-' 7&3'
73E-)%$#-' %,-*#-4E-#' 7#' %,-' .!**!&'%-7.,-)#'!('%,-'S)--6#R' 7&3' 7)-' )-735' %!'$&#%)/.%'
7&5!&-'+,!'.,!!#-#'$&')-%/)&'(!)'(--#'.,7)8-3'!&'7' ($L-3' #.74-1B>9<' N47%!'3$#%$&8/$#,-3'
,$*#-4(' ()!*'%,-'#!",$#%#R'H-.7/#-'(!)',$*R'%,-'%)/-'",$4!#!",-)#'!&45' #!/8,%' %)/%,'7&3'
6&!+4-38-1'N47%!Y#' )$E74'+7#'G#!.)7%-#R' %,-'+-44' 6&!+&' #!",$#%'+,!'"/%'8)-7%' -*",7#$#'
!&'%,-!)"8,-'! F-'12' !('"-)#/7#$E-' ),-%!)$.74'")-#-&%7%$!&1'l-&&-35'7"")-.$7%-#' G#!.)7%-#Y'
.!&%)$H/%$!&' %!'),-%!)$.F'B]!",$#%)5',73'7'H73'&7*-' +$%,'*7&5'.)$%$.#1111X/%'#!",$#%)5R'
4$6-' ),-%!)$.' $%#-4(R' $#' &!%' &-.-##7)$45' 3-")7E-3R' 3-.73-&%R' !)' $&' "!!)' %7#%-1' G%' $#' %,7%'
&7%/)74' 7#"-.%'!('),-%!)$.'+,$.,' -*",7#$b-#' %,-')!4-'!('%,-'#"-76-)'7&3' %,-'")!.-##'!('
4-7)&$&8' %!'#"-76'!)'%!'+)$%-' ")$*7)$45' H5' $*$%7%$!&' !('*!3-4#1111]!",$#%)5' $#' 74#!'!&-'
"47.-'+$%,$&' %,-'),-%!)$.74'#5#%-*'+,-)-'744!+7&.-'$#'*73-' (!)'8-&$/#' 7&3' $&#"$)7%$!&R'
#!*-%,$&8' +,$.,' %-.,&$.74',7&3H!!6#' .7&&!%' .)-7%-1B>9>' j!&743' 047)6' "!$&%#' !/%'%,7%'
B()!*' %,-' H-8$&&$&8'%,-)-' +-)-' %,)--' .,7)7.%-)$#%$.' 7&3' 3$E-)8-&%' E$-+#' !&'),-%!)$.1'
K,-)-'+7#' %,-'*!)74' ",$4!#!",$.74'E$-+' !('N47%!R'+,!'.!&3-*&-3' ),-%!)$.'H-.7/#-'$%'
#--*-3' %!',$*'%!'3-74'+$%,' 7""-7)7&.-#R'!"$&$!&R'7&3'"4-7#/)-'+,-)-7#' $%'!/8,%'%!'3-74'
+$%,' )-74$%5R' %)/%,R' 7&3' %,-' 8!!3' 4$(-1' K,-)-' +7#' %,-' ",$4!#!",$.74'#.$-&%$($.' E$-+'!('
D)$#%!%4-R'+,!'%)$-3'%!'#--' %,-'%,$&8'7#'$&'$%#-4(' $%')-7445'+7#R'+,!'-&3-7E!/)-3' %!'3-E$#-'
7'%,-!)5'!('),-%!)$.'+$%,!/%'*!)74'")7$#-'!)'H47*-'(!)'$%1'K,-)-'+7#R'($&7445R'%,-'")7.%$.74'
-3/.7%$!&74'E$-+'!('%,-'),-%!)$.$7&#'()!*'G#!.)7%-#' %!'0$.-)!'%!'i/$&%$4$7&R'+,!'")7$#-3'
),-%!)$.R' ")7.%$#-3' $%R' 7&3' %7/8,%' $%' 7#' 7&' -##-&%$74' 7%%)$H/%-' !(' %,-' ()--' .$%$b-&' $&'7'
.$E$4$b-3'#!.$-%51B>9C'
> 9 !
$ 6/4AI(!C5'7$ :Y@=$ C-=!D;()B>7$ <?9CP<?<@V!45E7$>:#`P:"2=$> 9 >
$ [,'',0D(!#0*++&/*0! 4)5($%&/-$ !:P>F=$> 9 #
$ %I'4/0$N =$ C/47a(!4)5($%&/! &'!6%5/$J4$1*'! D>;/*(&$'$ )b,K$cI7a1$CI/&5M.4$\'.T,78.AD$67,88($9:#?;($
<>P#=$
9#>$
N47%!Y#' D.73-*5' .7*-' /&3-)' .!&#$3-)7H4-' $&(4/-&.-' !(' S)--6' ),-%!)$.' 7&3' +7#'
)-#"!&#$H4-' (!)'D)$#%!%4-Y#'3-.$#$!&'%!'%-7.,' ),-%!)$.1'j/)$&8'%,$#'"-)$!3'!('%$*-'),-%!)$.'
+7#' )-87)3-3' 7#' %,-'*!#%'.-)%7$&'+75'%!'(7*-'7&3'#/..-##1'^!)'.-&%/)$-#' %,-'!)7%!)'+7#'
7' "!+-)(/4' 7&3' 7%%)7.%$E-' $.!&1' G&' 7' #!.$-%5' !(' E-)5' 3$E-)#-' $3-7#' 7&3' .!*"-%$&8'
",$4!#!",$-#R' ),-%!)$.' +7#' "-),7"#' %,-' !&45' 4-7)&-3' 3$#.$"4$&-' +,$.,' ")!E$3-3' 7'
.!**!&'H7#$#'(!)'-3/.7%$!&1' > 9 A'
G&' E$-+'!('%,-' .)/.$74')!4-' %,7%' ),-%!)$.'!../"$-3' $&'H!%,'-3/.7%$!&' 7&3' %,-'$&%-44-.%/74'
4$(-'!('S)-.!=Z!*7&' #!.$-%5R' $%'+7#' !&45'&7%/)74' %,7%'*!#%'!('%,-'",$4!#!",$.74' #.,!!4#'
,73' ),-%!)$.74' %)7$&$&8' $&' %,-$)' .!)-' ./))$./4/*' Oi/$&%$4$7&' <1919C' 7&3' 9@1@1@<'( ( Q 1'
N,$4!#!",$.74' $&%-)-#%' $&'%,-' 8)-7%' 7)%'!('),-%!)$.'*$8,%',7E-'74#!'H--&'")!*"%-3'H5'%,-'
")7.%$.74' &--3#' %!' 7%%)7.%' 3$#.$"4-#1' > 9 :' K,-' $**-3$7%-' #/..-##!)#' !(' D)$#%!%4-R'
K,-!",)7#%/#' 7&3' %!'7'4-##-)'-L%-&%'j-*-%)$/#R',73'*73-'#!*-'#$8&$($.7&%'73E7&.-#'$&'
),-%!)$.74'%,-!)5'7&3'")7.%$.-1' > 9 ?'
N!8!4!(('7)8/-#'.!&E$&.$&845'%,7%' B%,)!/8,'),-%!)$.74'-3/.7%$!&' 7&3' %,-' 8-&-)74' /#-'!('
#"--.,R' %,-' ./4%/)-' $%#-4(' H-.7*-' ),-%!)$.741B>9J' ]$*$47)45R' T-&)$'\7))!/' %,$&6#' %,7%'
),-%!)$.74' &!/]-%7' #,!/43' H-' "47.-3' 7%' %,-' E-)5' .-&%)-' !(' 7&5' 8-&/$&-' "$.%/)-' !('
T-44-&$#%$.' .$E$4$b7%$!&' > @ P' ]/.,' E$-+#' 7)-' .!&#$#%-&%' +$%,' +,7%' G#!.)7%-#'O><A=<<?'X0Q'
,73' #%7%-3' $&' %,-' (!/)%,' .-&%/)5' X0' .!&.-)&$&8' %,-' 8)-7%' $*"!)%7&.-' !(' ),-%!)$.74'
-3/.7%$!&' $&',$#'!+&'%$*-1'G%'$#'+!)%,'M/!%$&8',$*'7%'#!*-'4-&8%,',-)-F'
X-7/%$(/4'7&3'7)%$#%$.'#"--.,111$#'%,-'+!)6'!('7&'$&%-44$8-&%'*$&31' _D%,-&#`'6&-+'
%,7%' +,-%,-)' *-&' ,7E-'H--&' 4$H-)7445' -3/.7%-3' ()!*' %,-$)' -7)4$-#%' 5-7)#' 1 1 1' $#'
*73-'*7&$(-#%'*!#%' !('744'H5' %,-$)'#"--.,R'7&3' %,7%' %,$#' ,7#' ")!E-3' $%#-4(' %!'H-'
%,-' #/)-#%'#$8&'!('./4%/)-$ d'4.E,&INLe'$&'-E-)5' !&-' !('/#R' 7&3' %,7%' %,!#-'%,7%' 7)-'
> 9 "
$ [,'',0D(!.5%+;*+&$'-$ <?9=$> 9 ?
$ [,'',0D(!.5%+;*+&$'-$ <?<=$> 9 E
$ [,'',0D(!.5%+;*+&$'-$ <?<P!=$> 9 :
$ 6ILI/I--(!2$3$+-$ >E=$> < F
$ f=$ Y=$Q477I&(!A! H&+($%B! $G!D>;/*(&$'! &'!A'(&K;&(B-$ A74'8=$S,I7L,$ N45M$ )b,K$ cI7a1$ *+,,0$g$O470($
9:#";($ >:=$
9##$
#6$44-3' $&'#"--.,'7)-'&!%'!&45'*-&'!('"!+-)'$&'%,-$)'!+&'.$%$-#'H/%'7)-' 74#!',-43'
$&',!&!/)'$&'!%,-)'#%7%-#1'D&3'#!'(7)',7#'!/)'.$%5'3$#%7&.-3' %,-')-#%'!('*7&6$&3'$&'
%,!/8,%'7&3' $&'#"--.,'%,7%',-)'"/"$4#',7E-'H-.!*-' %,-'%-7.,-)#'!('%,-')-#%'!('%,-'
+!)43;' 7&3' #,-' ,7#' H)!/8,%' $%' 7H!/%' %,7%' %,-' &7*-' BT-44-&-#B' _YaDD)$E!!E '
#/88-#%#' &!' 4!&8-)' 7' )7.-' H/%' 7&' $&%-44$8-&.-R'7&3' %,7%' %,-' %$%4-' BT-44-&-#B' $#'
7""4$-3' )7%,-)' %!' %,!#-'+,!'#,7)-' !/)' ./4%/)-$ d.UI3.*,TXI,S;)Ve' %,7&' %!' %,!#-'+,!'
#,7)-'7'.!**!&'H4!!31' > @ 9'
[$%($&' $#' )$8,%' $&' &!%$&8'%,7%' G#!.)7%-#Y' /#-' !(' %,-' %-)*' BT-44-&-#B' &!' 4!&8-)' #$8&$($-3'
*-)-45'7&'-%,&$.'8)!/"'!)'7')7.-'H/%'.!/43'$&'7'H)!73-)' #-&#-R'3-&!%-' 7']$7E!$7R'7'+75'
!(' %,$&6$&8' B+,$.,' E-&-)7%-3' +$#3!*'7&3' -4!M/-&.-' 7#'*7&Y#' ,$8,-#%' 7.,$-E-*-&%R' 7'
+75'!('%,$&6$&8' #,7)-3' H5'*-&' !('$&%-44$8-&.-'+,-)-E-)'S)--6' ./4%/)-',73' #")-731B'
047)6' .!&.4/3-#' %,7%' B$&'%,-' S)-.!=Z!*7&' #.,!!4#' -3/.7%$!&' +7#' 74*!#%'-L.4/#$E-45'
-3/.7%$!&' $&'),-%!)$.R'+,$.,'%,-'7&.$-&%#' .!&#$3-)-3' 7&'73-M/7%-'")-"7)7%$!&' (!)'%,-' 4$(-'
!(' ()--'*-&1B>@<'\7))!/' "!$&%#'!/%'%,7%' B%,)!/8,!/%'%,-'T-44-&$#%$.'7&3'Z!*7&'"-)$!3R'
%,-' &!)*74' (!)*' %76-&' H5'S)--6' ./4%/)-'7%' $%#',$8,-#%' 4-E-4' +7#' %,7%' !(' -4!M/-&.-1B>@>'
D87$&R' 4$6-' %,-' )-#%' $&' S)-.!=Z!*7&' #!.$-%5R' %,-' 0!)$&%,$7&#Y' ")-!../"7%$!&' +$%,'
),-%!)$.'7&3'%,!#-'#!.$74'E74/-#'.4!#-45'7##!.$7%-3'+$%,' $%'#,!/43'74#!'H-'"-).-$E-3'()!*'
%,$#'-3/.7%$!&74'H7.68)!/&3'7&3',$#%!)$.!=#!.$74'"-)#"-.%$E-1'
>=!=!$U+,$H7,I33&H4A.I'$K.A+$0,/.T,7D$)JMI0D$/4'L&4L,J;$ .'$S7,3IPRI54'$7+,AI7.3$
j-4$E-)5' $&'S)--6'+7#$ \ f _[ 6 Y _ [ ; R' +,$.,' !)$8$&7445' *-7&%' B%,-' "475$&8'!('7'"7)%B1'K,-'
+!)3' 3-)$E-3' ()!*$ &.U_[HCT,I_I&(' 7' E-)H' +,$.,' +7#' /#-3' E-)5' -7)45' %!' 3-#.)$H-' 7&'
7.%!)Y#' )-#"!&#-'%!'%,-'.,!)/#' $&'S)--6' %)78-351'K,-'+!)3' (!)'B)-#"!&3$&8B'!)'B7.%$&8B'
#!!&'.7*-'%!'*-7&' B3-4$E-)$&8'7'#"--.,1B']$*$47)45R'%,-'+!)3'(!)'7.%!)R$ 57I[H&;)W.V('+7#'
Y8I374A,8(! .*'53B%7$ >EP#F=$>@9'
> < <
$ N.A-.'(!.%$/0*1*(&$'-! ,L7!> < !
$ C/47a(!4)5(7$ "#=$> < >
$ Q477I&($ B`0&34A.I'$ 4'0$ R+,AI7.3B($ .'$Q=$Y=$h.'/,D$ ),0=;(! I)5!253*/B! $G! 6%55/5$ )_G-I701$C/47,'0I'$
67,88($ 9:E9;($9E#P<F9($4A$ 9:#=$
9#"$
!"#$%&' ()*+' ,-'+*$-,*' ,.*' ,")/' -0',.*' )1*"/*23' 455-2+#$6',-' 7.#%-+*!()8' 9!(5.'-0'
+*%#:*2&' #)' ,.*' $",(2"%' "$+' ($5-$)5#-()' ;-+#%&' *<12*))#-$' -0' ,.*' *!-,#-$)3' =*%#:*2&'
+*1*$+)8' ,--8' -$' $",(2"%' *$+->!*$,8' ;*"(,&' -0' :-#5*8'62"5*' -0';-+&8' )*%0?1-))*))#-$'
@)*%0?5-$0#+*$5*A8'B("%#,#*)' ,.*' %"5/' -0' >.#5.' 5"()*+' C)-52",*)' ,-' 2*02"#$'02-!'1(;%#5'
"11*"2"$5*)3'D(,'=*!-),.*$*)')"#+',.",'+*%#:*2&'>")' ,.*' 0#2),' ,.#$6' #$'-2",-2&8'"$+',.*'
)*5-$+' "$+' ,.*' ,.#2+8' "$+' "5,-2)' )"&' ,.",' #,' #)' *:*2&,.#$6' #$' ,.*#2' "2,39 E F G' C$' .#)'
!"#$%&'"("%)' 7%(,"25.'!*$,#-$*+'=*!-),.*$*)'>.-'>")'5."%%*$6*+';&',.*',2"6#5'"5,-2'
4$+2-$#5()' ;*5"()*'4$+2-$#5()',.-(6.,' ,.",' =*!-),.*$*)H' >-2+)'>*2*' *<5*%%*$,' ;(,'
.#)'+*%#:*2&'>")' +*0#5#*$,3EFI'7.#%-+*!()' $-,*+',.",'9"%,.-(6.'=*!-),.*$*)'>")' #$',.*'
0#2),'2"$/'-0'2.*,-2)8' ),#%%' .*'#)'52#,#5#J*+';&'4*)5.#$*)' 0-2'.#)' ).2#%%' :-#5*8'"$+'"6"#$'0-2'
%-(+$*))8' "$+' ;&' =*!*,2#()' -0'7."%*2(!' 0-2';*#$6' ,--' ,.*",2#5"%8'"$+' $-,' )#!1%*'"$+'
$-;%*'#$'.#)'+*%#:*2&39EF K'C$',.*'L2*5-?M-!"$' ,2"+#,#-$' "%%',.*',.*-2#*)' "$+'12"5,#5*)'-0'
2.*,-2#5' >*2*' 0#$"%%&' 1(,' ,-' ,.*' ,*),' #$* +",-."/0)' )-' ,.",' +*%#:*2&' ;*5"!*' "%!-),'
)&$-$&!-()' >#,.'2.*,-2#5'#,)*%03'
M.*,-2#5' #$' N",#$' %#,*2",(2*'>")' %"26*%&';")*+' -$' #,)'L2**/' 12*+*5*))-23'O.*' M-!"$)'
;*6"$' ,-' "112*5#",*' ,.*' #!1-2,"$5*' -0',.*' 62*",' "2,'-0'1*2)(")#-$' "2-($+' ,.*' %",*' ,.#2+'
5*$,(2&'DP'>.*$',.*#2'5#,&';*5"!*'"'1->*20(%'),",*'#$',.*'Q*+#,*22"$*"$3EFR'D*0-2*',.",'
,.*'),",()'-0'"'M-!"$'5#,#J*$'#$')-5#*,&'>")' %"26*%&'+*1*$+*+' (1-$' 0"!#%&'12*),#6*' "$+'
>*"%,.'")'>*%%' ")'1*2)-$"%'"(,.-2#,&'"$+'1->*23'
O.*';")#5' >-2+' 0-2')1**5.' #$'N",#$' >")* $/1&-$)' >.#5.' P#5*2-* 23445' S3STFU')(;+#:#+*+'
#$,-* 6$(&"(&-$' V+*;",*U8' "$+* %"/#$' V5-$:*2)",#-$U3' O.*' -2#6#$"%' 0($5,#-$' -0' "'M-!"$'
! " #
$ %&'$(&)*&+,$ -.*/01*2'$03$4350*36$708*9:$;<8*2$6<$=+0360/0&3-,!"#$$#>$?@AB!C,$#DEB>,$ &6$#DF$! " B
$ GH0/<)*8+9,! %&! '(&)*+,-./$ 62&39F$;F$IF$;+JJ*//,$ -7H*$%H*6<205&$<K$ GH0/<)*8+9-,! 011$$ "D$ ?@A">C,$
"!DEDL",$ &6$D>@F$! " M
$ G/+6&25H,! 2*+3$ L!#NF$ OKF! 4,5&6/! %&7*6)(&8&6$ MF$ 7H09$ 5<88*36$ 9<+3)9$ 1*2'$ 9080/&2$ 6<$ G&+/-9$
<PP<3*369-$ <P030<3$&J<+6$6H*$&P<96/*$ ?"$O<2F$ @>F@>CF$! "
Q$;+JJ*//,$-GH0/<)*8+9-,$D>@F$! " A
$ R*33*)',!'(&)*+,-/$ !F$
@#M$
-2",-2' >")' ;")#5"%%&' ,.",' -0' "' 1*20-2!*2' #$' -00#5#"%' 2*%#6#-()' -2' 1-%#,#5"%' 0($5,#-$)8'
12#!"2#%&' ")' "')*$",-2'-2' %">&*28';(,' #$',.*' %"),' ,>-'5*$,(2#*)' -0',.*' 2*1(;%#5' ,.*'>-2+'
."+' "5B(#2*+' $*>' !*"$#$6)3' M.*,-2#5' #$' N",#$' >")' ;")#5"%%&' +*2#:*+' 02-!' ,.*' L2**/'
,*2!* /'"&$/-6")' -2' ,.*' !-2*' N",#$#J*+* /'"&$/-61' VW(#$,#%#"$' F3SEU8' "$+' ,.*' >-2+'
",$78"(&-19:;' >")' )-!*,#!*' ()*+',-'2*0*2',-*1/%*+-6"(+-)' 9"2,'-0')1*"/#$693' E T S'
<6&-$)* 1="/")' "$+* 16&$/' #$'N",#$'!*"$,' "5,#$68' ,-' "5,8' "$+' "5,-2' 2*)1*5,#:*%&3' 4% %' ,.2**'
"%)-' !*"$,' ,.*' +*%#:*2&' -0' "' )1**5.8' ,-' )1*"/8' "$+' )1*"/*23' O.*' M-!"$)' "%)-'()*+'
>/$(8(&-1&-$' 02*B(*$,%&' 0-2' +*%#:*2&8' "$+* >/$(8(&-1/"' 0-2' ,.*' :*2;' 0-2!' "$+8' %*))'
02*B(*$,%&8*>/$(8(&-1&$/' ")' ,.*'$-($3'O.*)*'>-2+)8',--8'."+',.*#2',.*",2#5"%' ;"5/62-($+8'
*)1*5#"%%&' >#,.' 2*0*2*$5*',-'2*5#,#$6'"$+' +*5%"#!#$63'O.()' 0-2'!-),' 1*-1%*' #$'"$,#B(#,&8'
1(;%#5' "$+' )-5#"%' "5,#:#,#*)' )(5.' ")' ,.*' +*%#:*2#$6' -0' "' )1**5.8' ,.*' 12*)*$,#$6' -0' "'
+*5%"!",#-$8' "$+',.*'2*5#,#$6'-0'1-*,2&' ")'>*%%' ")',.*'1%"&#$6'-0'"'1"2,'-$'),"6*'#$'+2"!"'
*,538'"%%'."+'"'%-,'#$'5-!!-$3ETF'
X(%%' +*,"#%)' -$'+*%#:*2&8'#$:-%:#$6' ,.*'()*' -0'>.-%*'.(!"$';-+&8'>*2*' 2*1*",*+%&' 6#:*$'
#$',.*' 0-%%->#$6'>2#,#$6)Y'O.*-1.2"),()Z*?'"&$/-61* 1+*@"/"((-8#A' P#5*2-H)* !"* 3/1&$/"A*
"$+' W(#$,#%#"$H)* B(%&-&-&-$* 3/1&$/-15' O.#)' ),(+&' >#%%' ;*6#$' >#,.' 42#),-,%*';*5"()*8'
"%,.-(6.' .*' +#+$H,' +#)5())' +*%#:*2&' #$' +*,"#%)8' .*' +#+' %"&' ,.*' 0-($+",#-$' 0-2' "%%'
)(;)*B(*$,'+#)5())#-$' -0'2.*,-2#53'
!FDFDF@$42096<6/*$?DL!ED""$NOC$
42#),-,%*'>")'-$*'-0',.*'L2**/'1#-$**2)'>.-'!"+*'+*%#:*2&'-$*'-0',.*';")#5'*%*!*$,)'-0'
,.*' "2,' -0' 2.*,-2#5* 2?'"&5' SE[T;' S?\U3' ]*' .*%+' ,.",' 12--0)' VO(",*#^' >*2*' *00*5,*+';&'
! D >
$ %&89*'$I&5I+//*3,!98&7,&6! *:!)(&!'*7.8! ;+<&+$ ?O&8J20)S*T$;&21&2),$ @ABBC,$ @#F$! D @
$ R*33*)',!'(&)*+,-/$ MF$! D "
$ (&)*&+,$ -.*/01*2'-,$#DF$
@#L$
,.2**'!*"$)'>.#5.' 0-2!*+',.*' 5-2*' -0'2.*,-2#5Y' 5."2"5,*2! =+:,*-/>/' *!-,#-$'V,2"L-ZU8'"$+'
%-6#5"%' 2*")-$#$6' V4E<'<TCF!DD'C$'"++#,#-$',-' ,.*' ";-:*' ,.2**'!*"$)'-0'1*2)(")#-$8' ,.*2*'
>*2*'"%)-'-,.*2'B("%#,#*)'>.#5.'>*2*'*<1*5,*+'-0',.*'6--+'-2",-2'#$'-2+*2',-'*00*5,#:*%&'
5-$:#$5*' .#)' "(+#*$5*Y' 6--+' )*$)*! =)?@A5+B.,"/' >"&' -0' ,.#$/#$68' #$,*%%#6*$5*U8':#2,(*'
?)P*620C,'"$+'6--+>#%%$ ?*U<0& ,' *$,.()#")!U3ETE'
455-2+#$6' ,-'42#),-,%*8' 9*!-,#-$)' "2*' "%%',.-)*'"00*5,#-$)'>.#5.' 5"()*'!*$' ,-'5."$6*'
,.*#2'-1#$#-$' #$'2*6"2+' ,-',.*#2'_(+6*!*$,)8' "$+'"2*' "55-!1"$#*+' ;&'1%*")(2*' "$+'1"#$Z'
)(5.' "2*' "$6*28' 1#,&8' 0*"28' "$+' "%%' )#!#%"2' *!-,#-$)' "$+' ,.*#2'5-$,2"2#*)39ET\' O.#)'>")'
.->' 42#),-,%*' +*)52#;*+' ,.*' 9-;_*5,9'-0'2.*,-2#5Y' 9D(,')#$5*' ,.*' -;_*5,'-0'2.*,-2#5'#)'
_(+6*!*$,' ?' 0-2' _(+6*!*$,)' "2*' 12-$-($5*+' #$' +*%#;*2",#:*' 2.*,-2#5' "$+' _(+#5#"%'
12-5**+#$6)' "2*' "'_(+6*!*$,' ?' #,' #)' $-,' -$%&' $*5*))"2&' ,-' 5-$)#+*2' .->' ,-'!"/*' ,.*'
)1**5.' #,)*%0' +*!-$),2",#:*'"$+'5-$:#$5#$6$V)J<W*XR70R<5F' abC' OOC O PZA8';(,'"%)-' ,.",',.*'
)1*"/*2').-(%+').->' .#!)*%0' ,-';*'-0'"'5*2,"#$'5."2"5,*2' "$+' ).-(%+'/$->'.->',-'1(,'
,.*'_(+6*'#$,-'"'5*2,"#$'02"!*'-0'!#$+39 E T G'
L*$*2"%%&8' 42#),-,%*8' %#/*' c-52",*)' ;*0-2*' .#!8' ."+' B(#,*' 5-$)#),*$,%&' "55*1,*+'
*%-B(*$5*' ;")*+' -$' /$->%*+6*3' d.#%*' 2*5-6$#J#$6' ,.*' )1*5#"%' $**+' 0-2' *!-,#-$)'
*)1*5#"%%&' #$',.*' 1*2-2",#-$' VSESR;' %^00U8'+*1,.' -0'/$->%*+6*'>")' !-2*' #!1-2,"$,'#$'
)(55*))0(%' )1*"/#$6' VST\E"%E'0 0'"$+' ST\E;'FS00U3'O.#)'$",(2"%%&'%*"+)',-',.*'$*<,'1-#$,'
>.#5.' #)' %-6#5"%' 2*")-$#$63' 42#),-,%*' 5-$)#),*$,%&' #$)#),*+' ,.",' ,.*' %-6#5"%' )#+*' -0'
2.*,-2#5"%' ,.*-2&' "$+' 12"5,#5*' >*2*' 52(5#"%8' "$+' ,.",' ,.*2*' >*2*' ,>-'/#$+)' -0' %-6#5"%'
12--0Y'9VSU'+*+(5,#:*?',.*'*$,.&!*!*Z'VFU'#$+(5,#:*?',.*'*<"!1%*39ETI'M.*,-2#5"%')1**5.'
).-(%+' "%)-' ;*' 5-$5*2$*+' >#,.' 91(2#,&9' >.#5.' >")' ,.*' 0-($+",#-$'-0' ),&%*3' 7(2#,&'
! D D
$ 42096<6/*,!'(&)3$ @D#B&$MT!9)(3!8,-3$ @>A!&EJF$! D !
$ 42096<6/*,!'(&)3$ @DML&$#EMF$! D #
$ 42096<6/*,!'(&)3$ @DML&$LF$! D B
$ 42096<6/*,!'(&)3$ @DML&$"EDF$! D M
$ Y2**9*,$ZZZ00F$
@#A$
5-$)#),*+' -0'0#:*'2(%*)Y' VSU'O.*'()"6*'-0',.*'5-22*5,'L2**/' %"$6("6*3'VFU'C!12*))#:*$*))'
-2' %-0,#$*))' -0' ),&%*3' VTU' 72-12#*,&' #$' ,.*' *5.-' 02-!' "(+#*$5*8' ,.*' 5."2"5,*2' -0' ,.*'
)1*"/*28' ,.*' $",(2*' -0' ,.*' )(;_*5,3' VEU' 4:-#+#$6' -0' 2.&,.!#5' 12-)*3' V\U' O.*' ()*' -0'
62"1.#5' %"$6("6*',-'1"#$,',.#$6)';*0-2*',.*'*&*)'-0',.*'"(+#*$5*3ETK'
4)' %-6#5"%' 2*")-$#$6' >")' (%,#!",*%&' "' !",,*2' 0-2' ,.*' %#),*$*2' -2' "(+#*$5*' ,-' _(+6*8'
42#),-,%*' >")' >*%%' ">"2*' -0' ,.*' )#6$#0#5"$,'2-%*' -0' ,.*' "(+#*$5*' ")' _(+6*8' )#$5*' 9,.*'
-;_*5,' -0'M.*,-2#5' #)'_(+6*!*$,39ETR' ]->*:*28' 42#),-,%*'+#)"112-:*+' -0'()#$6' 2.*,-2#5'
>2-$6%&' _(),' 0-2' ,.*' )"/*' -0' )*5(2#$6' 6--+' _(+6*!*$,' 02-!' ,.*' "(+#*$5*Y' 9X-2' #,' #)'
>2-$6' ,-'>"213330**%#$6)8',-' 2-()*333"$6*28' _*"%-()&8' -2' 5-!1"))#-$8' >.#5.'>-(%+';*'
%#/*'!"/#$6',.*'2(%*'52--/*+'>.#5.'-$*' #$,*$+*+' ,-'()*39EE['
L2*5-?M-!"$' "(+#*$5*)' 5%*"2%&' ($+*2),--+' ,.*#2' 2-%*' ")' _(+6*' "$+' ,--/' )(5.' "' 2-%*'
!-),' )*2#-()%&3'O.*&'*$_-&*+'$-,'-$%&',.*'1->*2'-0'-2",-2&8';(,'"%)-',.*#2'->$'1->*2' ")'
%#),*$*2)8' *)1*5#"%%&' #$',.*#2'_(+6*!*$,' -2'*:"%(",#-$'-0',.*')1*"/*23'O.#)'1-#$,'";-(,' ,.*'
"(+#*$5*';*#$6'"'9_(+6*9'>")'!-),'2*%*:"$,' ,-',.*'P-2#$,.#"$'5-$,*<,8';*5"()*8'$-,'-$%&'
+#+'7"(%H)'P-2#$,.#"$'52#,#5)'/$->',.*#2'2-%*'>*%%8' ,.*&'."+'"%)-'"11"2*$,%&' 1%"&*+' )(5.'
"' 2-%*' #$'2*%",#-$' ,-'7"(%3' O.#)'1-#$,' >#%%' ;*' +*"%,' >#,.' #$',.*' *<*6*)#)'-0' ,.*' 2*%*:"$,'
P-2#$,.#"$'1"))"6*)3'
!FDFDF"$7H*<PH2&96+9$ ?5F$DM>E5F$ "L#'DPU'
O.*-1.2"),()8'"'1(1#%'-0'42#),-,%*8'-$5*'%*5,(2*+' ,-'")'!"$&' ")' ,>-',.-()"$+' ),(+*$,)'",'
-$5*' "$+' 6":*' 1"2,#5(%"2' ",,*$,#-$' ,-' ,.*' ,*5.$#B(*' -0' )1*"/#$68EES' *)1*5#"%%&' ;-+&'
42096<6/*,!'(&)3$ @!>!&$!F$
42096<6/*,!'(&)3$ @DML&$"F$
42096<6/*,!'(&)3$ @D#!&$#F$OKF$@D##&$ @"F$
.0<S*3*9$X&*260+9$ #FDMF$
@B>$
6*),(2*)' V4,.*$"*()' S3FS4DU3EE F' C,' #)' ,.*2*0-2*' $-,' )(212#)#$6' ,.",' O.*-1.2"),()H'
#$0%(*$5*'-$' 2.*,-2#5' >")' 62*",*),' #$',.*' "2*")'-0'),&%*' "$+' +*%#:*2&3'O.*2*'>*2*' 90-(2'
:#2,(*)9'#$'+*%#:*2&'"55-2+#$6' ,-'O.*-1.2"),()YEET'1(2#,&*2C,,/D.-1D-E6F* >8/8%* "&* G1&-(8%H)*
E E E' 5%"2#,&$ ?7[$ <&a_C*\T,* +-,86-+"* >,1("78"H)99I' 12-12#*,&' V7[$ 77P*02<1,* +"6$/8#H)' E E G' "$+'
-2$"!*$,",#-$$ ?R\Z7&<R*+2]\T$ ,*$/(1&8%H5* 9 9 J*
O.*-1.2"),()' >2-,*' "' >.-%*' >-2/* $(* +",-."/0' *$,#,%*+' C%*1%$ +67[RP0<*<<6T' V=#-6*$*)'
N"*2,#()' \3EKU3' ]"22&'P"1%"$' ,.#$/)' ,.",' 9O.*-1.2"),()'>")' 12-;";%&' ,.*' 0#2),' ,-'!"/*'
+*%#:*2&' ,.*' 0-(2,.* $44-6-8#* $/1&$/-%' @0-2!"%' +(,&' -0' ,.*' -2",-2A3' O.#)' >")' "' )(;_*5,'
>.#5.'42#),-,%*'.#!)*%0'+#+'$-,'B(#,*'0(%%&'+*:*%-19EEK' V)*** ?'"&5' SE[T;'SU3'
!FDFDFD!'(&)*+,-.! .<! C&+&88,D7!
C$* ?'"&$/-61* 1+* @"/"((-8#)' ,.*' ($/$->$' "(,.-2' "++*+' !*!-2&' "$+* +",-."/0' ,-' ,.*'
,.2**'1"2,)' -0' ,.*' ,2"+#,#-$"%' ,.*-2&' -0' 2.*,-2#58' !"/#$6' #,' 0#:*' "%,-6*,.*2Y' #$:*$,#-$8'
"22"$6*!*$,8' ),&%*8' !*!-2&8' "$+' +*%#:*2&3' X-2' ,.*' >2#,*28' 9=*%#:*2&' #)' ,.*' 62"5*0(%'
2*6(%",#-$' -0' :-#5*8' 5-($,*$"$5*8' "$+' 6*),(2*9* K?'"&5* 1+* @"/5' S3F3TU3' O.*' >2#,*2'"%)-'
%--/*+' ",' ,.*' .(!"$' :-#5*' #$' 5%-)*' 2*%",#-$' ,-' ,.*' -2",-2H)' 1.&)#5"%' !-:*!*$,' "$+'
6*),(2*)8' #3*38' 9;-+&' %"$6("6*9' VT3SS3SRU3' e-#5*' B("%#,&' VT3SS3F[?SE3F\U' >")' +#:#+*+'
#$,-' ,.2**' ")1*5,)Y' :-%(!*8' ),";#%#,&8' "$+' 0%*<#;#%#,&' VT3SS3F[U3' e-5"%' 0%*<#;#%#,&' >")'
0(2,.*2'+#:#+*+'#$,-',.2**',-$*)Y'VSU'O.*' 5-$:*2)",#-$"%' ,-$*3' VFU'O.*' +*;",#$6' ,-$*3' VTU'
O.*',-$*'-0'"!1%#0#5",#-$3EER'C$'-2+*2' ,-'!"#$,"#$'!"$%&'+#6$#,&'#$')1*"/#$68' ,.*')1*"/*2'
! ! "
$ R*33*)',!E&+6D.6,*8/$ "MDF$! ! D
$ 7H*<PH2&96+9-$ K<+2$1026+*9$ 03$)*/01*2'$ H&)$&/9<$J**3$6&^*3$+P$03!%&!;+.)*+&$ ?DFDMKKCF$! ! !
$ O05*2<,!;+3$ DF!>F$! ! #
$ O05*2<,!;+3$!AF$! ! B
$ .*8*620+9,! 9F*3$ @@!T$42096<6/*,! '(&)3$ @>!L&$/[KKT$@!@DJ$ DKKT$O05*2<,!;+3$DF"@>E"F$! ! M
$ .0<S*3*9$X&*260+9$MF#AT$ .0<3'90+9$ <K$;&/05&23&99+9,! G6*-+3$ DT$=+0360/0&3$ @>F@F"MT$.*8*620+9,! 9F*3$ !@T$
O05*2<,!;+3$DF@L!$KKT!;+.)3$ ""LF$! ! L
$ VO05*2<_,!'(&)*+,-.! .<!C&+&88,D7/$ *)9F$`F$GF$`<</),!&)!.F/$ 62&39F$;&22'$O&P/&3,$@A>E@F$H H I
! '(&)3! .<!C&+3$DF@DF"DE"!F$
@B@$
1"2,#5(%"2%&'>"2$*+' "6"#$),'"')."21':-#5*'>.#5.'#)'2*6"2+*+* 1%*4"#-(-("' VT3SF3FFU3'O.*'
>2#,*2' >")' "%)-'">"2*' -0' ,.*' #$,#!",*' 5-$$*5,#-$' ;*,>**$' ;-+&' !-:*!*$,' "$+' :-#5*'
VT3S\3FG?FIU3'46"#$8',.*'#!1-2,"$5*' -0'9;-+&'%"$6("6*9'#)'-;:#-()3'
!FDFDF!$O05*2<$?@>BE!D$NOC$
P#5*2-'>")' *")#%&'-$*'-0',.*';*),'/$->$'0#6(2*)'#$'2.*,-2#5'+(2#$6',.*'M-!"$'M*1(;%#53'
]*'!"$"6*+',-'5-!;#$*' ,.*' ,.*-2&' "$+' 12"5,#5*' -0'=*!-),.*$*)'"$+' 42#),-,%*3'P#5*2-'
%#),*+' 0#:*'1"2,)'-0'2.*,-2#5' ?'#$:*$,#-$8'"22"$6*!*$,8'*<12*))#-$8' !*!-2&8' "$+'+*%#:*2&8'
?' "$+' !"+*' )1*5#"%' 5-$$*5,#-$' ;*,>**$' :-#5*' "$+' ;-+&' !-:*!*$,Y' 9=*%#:*2&'#)' ,.*'
5-$,2-%' -0':-#5*' "$+';-+&' #$'"'!"$$*2')(#,";%*' ,-',.*' +#6$#,&'-0',.*' )(;_*5,'!",,*2' "$+'
,.*' ),&%*39E\['P#5*2-'*<1%"#$*+Y' 9d.&').-(%+'C'6-'-$',-'+*)52#;*',.*')1*"/*2H)'+*%#:*2&f'
O.",'$**+)',-';*' 5-$,2-%%*+';&';-+#%&'5"22#"6*8' 6*),(2*8'1%"&' -0'0*",(2*)'"$+' 5."$6#$6'
#$,-$",#-$'-0':-#5*Z'"$+'.->'#!1-2,"$,',.",' #)'>.-%%&';&'#,)*%039E\ S'
P#5*2-' 2*1*",*+%&' "))*2,*+' ,.",' 9+*%#:*2&' #)' ,.*' +-!#$"$,' 0"5,-2' #$' -2",-2&Z' >#,.-(,'
+*%#:*2&',.*';*),')1*"/*2'5-(%+'$-,';*'-0'"$&'"55-($,' ",'"%%8'"$+'"'!-+*2",*')1*"/*2'>#,.'
"',2"#$*+'+*%#:*2&'5"$'-0,*$'-(,+-',.*';*),'-0',.*!39E\F'P#5*2-'5-$,#$(*+Y' 9g-,.#$6'*%)*'
)-' 1*$*,2",*)',.*' !#$+8')."1*)8'!-(%+)8' ,(2$)' #,8'"$+'5"()*)',.*' -2",-2' ,-' )**!')(5.' "'
!"$' ")' .*' >#%%)' ,-' )**!' @")' +*%#:*2&' +-*)A39E\ T' P#5*2-' .*%+' ,.",' ,.*' "(+#*$5*H)'
_(+6*!*$,' :*2&' !(5.' +*1*$+*+' -$' ,.*' *00*5,#:*')1*"/*2' .#!)*%03E \ E'X-2' P#5*2-8' ,.*'
(%,#!",*'6-"%' -0',.*' )1*"/*2'>")' ,-'1*2)("+*'"$+' ,-'>#$'.#)' "(+#*$5*3'P#5*2-' 2*6"2+*+'
,.*' )1*"/*2H)' ";#%#,&' ,-' )>"&' .#)' .*"2*2H)' *!-,#-$)' ")' 9,.*' -2",-2H)' 5.#*0' )-(25*'-0'
! # a
$ O05*2<,!G853$ @FMFAF$! # @
$ O05*2<,!;+3$ @F@LF$! # "
$ O05*2<,!;+/$DF#BF"@DF$! # D
$ O05*2<,!J+3$DMF@!"F$! # !
$ O05*2<,!;+3$ @F@"DE#F!J+3$@L!ELF$
@B"$
1->*2* 2>,8/-#8#* >$,,"/"H5' P#5*2-'+#:#+*+' ,.*'1*2)(")#:*' "2,'-0')1*"/#$6' #$,-',.2**'
0($5,#-$)Y',.*'12--0'-0',.*',2(,.8',.*'>#$$#$6'-0'.*"2*2)H'0":-(28'"$+',.*'),#22#$6'-0',.*#2'
*!-,#-$)3E\G'
N#/*' )*:*2"%' -,.*2' 62*",' 1.#%-)-1.*2)' "$+' -2",-2)8' P#5*2-' "%)-' 2*5-6$#J*+' ,.*'
*$+->!*$,' -0'9$",(2*9' #$'-2",-2&';*)#+*)'6--+',.*-2&'"$+'12"5,#5*Y' 9O.*2*0-2*'%*,'"2,'
0-%%->' ,.*' %*"+*2).#1' -0'$",(2*' #$'1%*")#$6' ,.*' *"23' P*2,"#$%&',.*' $",(2"%' *<5*%%*$5*'-0'
:-#5*',-';*'+*)#2*+' #)'$-,'#$'-(2'1->*28';(,',.*'()*' "$+'!"$"6*!*$,' -0',.*':-#5*'#)'#$'
-(2'1->*239E\I' C$',.*'*$+8'$",(2*'"$+'.(!"$',2"#$#$6'5-!1%*!*$,'*"5.'-,.*2Y'9d*'!(),8'
-0' 5-(2)*8' %--/' ,-'g",(2*' 0-2';-,.'6#0,)3'D(,'+#),#$5,$*))' !"&';*' #!12-:*+';&'12"5,#5*Z'
,.*' !()#5"%' B("%#,#*)8' ;&' #!#,",#$6' ,.-)*' >.-' )1*"/' >#,.' )!--,.' "$+' "2,#5(%",*'
*$($5#",#-$39E\K' d.",' P#5*2-' )"#+' >")' 5*2,"#$%&' ,2(*3' ]->*:*28' #$' "5,("%' 12"5,#5*8'#,'
>")' ,.*' .(!"$%&' 52*",*+' 9"2,9' #$* +",-."/0' ,.",' )**!*+' ,-' .":*' 12*5*+*$5*' -:*2' ,.*'
*$+->!*$,'-0'9$",(2*93'
4' 0(% %' ,2*",!*$,' -0'+*%#:*2&'>")' 6#:*$' #$'P#5*2-H)* !"* 3/1&$/"' VT3\G3FST?\K3FSIU8'#$'
>.#5.' .*' )"#+Y' 9g",(2*' .")' "))#6$*+' ,-' *:*2&' *!-,#-$' #,)' ->$' 1"2,#5(%"2' 0"5#"%'
*<12*))#-$8' ,-$*' -0' :-#5*' "$+' 6*),(2** L3#(-%* "(-#* #$&8%* 1(-#-* %88#* 78"#+1#* 1*
(1&8/1* '1M"&* .8,&8#* "&* %$(8#* "&* ="%&8#NO' VT3\I3FSGZ' 503' 7.#%-+*!()' S3SRG3KU3' 4)'
M-;*2,' c-$/->)/&' .")' 2#6.,%&' 1-#$,*+'-(,8' 9$",(2*' "$+' ,2"#$#$6'#$',.*' "2,' -0'+*%#:*2&'
,-6*,.*2'12-+(5*'"$+'*),";%#).'"*="(8%* .$6-%' 0-2'*"5.'*!-,#-$'VT3FS\' 0 U 3 9 E \ R'
! # #
$ O05*2<,!J+3$MAF"MBT$ L>F"MAF$! # B
$ O05*2<,!;+3$"F@@#F!0G! ;@)3$ !F$! # M
$ O05*2<,!;+.F$ @MF#LF$! # L
$ O05*2<,!;::3$@FDMF@DDF$! # A
$ %<J*26$GF$W<3^<U9^',$ -43$49P*56$ <K$.*/01*2'$03$4350*36$%H*6<205$7H*<2'-,!K+.86.-),*86! 17&+,-.8!
E(,F*F*L,-.F! 166*-,.),*8/$ bO$ ?@A#AC,$"#MEM!,$ &6$"M>F$
@BD$
X-2'P#5*2-8'*%-B(*$5*' *))*$,#"%%&'95-$)#),)' -0'%"$6("6*' "$+',.-(6.,39' h%-B(*$5*'>")'
#$)*1"2";%*' 02-!'>#)+-!Y'9h%-B(*$5*' #)'$-,.#$6'*%)*';(,'>#)+-!'+*%#:*2#$6' 5-1#-()'
(,,*2"$5*39EGS' 4)')(5.8'"',2(%&'*%-B(*$,'-2",-2'>")'"%)-'"')-($+',.#$/*2Y'9X-2'$-'-$*'5"$'
;*' "'6--+')1*"/*2'>.-' #)' $-,' "')-($+' ,.#$/*23'O.()'>.-*:*2' +*:-,*)' .#!)*%0' ,-',2(*'
*%-B(*$5*8' +*:-,*)' .#!)*%0' ,-')-($+',.#$/#$6* L>/8+"(&"/* -(&",,"=--N5O9EP' i*,'#$',.*'*$+8'
#,'>")' ),#%%' ,.*'"2,'-0*+",-."/0' ,.",'>")' 2*"%%&'52(5#"%' "$+'+*5#)#:*Y'9O.*2*' #)'$-',.-(6.,'
>.#5.' 5"$' ;2#$6' 52*+#,',-' "$' -2",-2'($%*))' #,'#)' 0#,%&' "$+'1*20*5,%&'*<12*))*+39EGT' O.*2*'
>")'"%)-' ,.*' :#,"%' *%*!*$,' -0'962"5*9' #$'6--+'+*%#:*2&Y' 9X-2'#,'#)'$-,'*$-(6.' ,-'+#)5*2$'
>.",'#)',-';*')"#+'($%*))'&-('.":*',.*'";#%#,&',-')"&'#,'0%(*$,%&'"$+'>#,.')-!*'5."2!Z'$-2'
*:*$' #)',.#)'*$-(6.'($%*))'>.",'#)')"#+' #)'2*5-!!*$+*+' ;&')-!*'62"5*' -0':-#5*8'0"5#"%'
*<12*))#-$8'"$+'"5,#-$*L(-%-* -+*78$+* +-6-&8/* 4-&* .$6"* .$,&8* #$&878"* 6$(+-&-8%N5O9E9*
4%,.-(6.' 62"5#-()' -2'1->*20(%'+*%#:*2&'>")' #,)*%0' "$' 9"2,98',.*2*' >")'$-' )(5.' ,.#$6' ")'
9"2,' 0-2'"2,H)' )"/*9'#$'L2*5-?M-!"$' 2.*,-2#53'O.#)'>")';*5"()*8'")'P#5*2-'.#!)*%0'."+'
1-#$,*+'-(,8'*%-B(*$5*' .*%+'-(,',.*'62*",*),'2*>"2+)' #$'M-!"$')-5#*,&8'%*"+#$6',-'6%-2&8'
.-$-(28' 2*1(,",#-$8'),",()8' "$+'"11%"()*Y' 9X2-!'*%-B(*$5*' ,.-)*'>.-'.":*' "5B(#2*+'#,'
-;,"#$'6%-2&'"$+'.-$-(2'"$+'.#6.'*),**!39EG\' h%-B(*$5*'9;2#$6)'>#,.' #,'"'%"26*'!*")(2*'
-0' 1-1(%"2#,&8' 6%-2&' "$+'1->*2* L=/1&-1")* =,$/-1")* >/1"%-+-* >,8/-#8#N5O9EE' 4$+'9,.2-(6.'
,.#)'.*'>-$'$-,'-$%&',.*'.#6.*),'2*1(,",#-$'0-2',"%*$,8';(,'"%)-'62*",'"11%"()** L%8##1#*
-(="(-* ($(*,18+"#* #$+$* %"+*"&-1#* 1+#-/1&-$("#* "%&* 6$(%"68&8%N5O9EQ*
O05*2<,!;+3$DF#F@AF$
O05*2<,$G&2KF$ MAF$
O05*2<,!J+3$BF"DF$
O05*2<,! ;+.F$ BMF""MF$
O05*2<,!J+3$"AF@@>F$
O05*2<,!G853$ @F#F! J+3$!AF@L"F$
O05*2<,! ;+.F$ !@F@!@F$
O05*2<,!J+3$ !DF@#AF$ OKF!;+3$DF@!F#DF$
@B!$
P#5*2-' 5"%%*+* 16&-$' "' 9)-2,' -0' %"$6("6*89' "$+' 9"' /#$+' -0' *%-B(*$5*' -0' ,.*' ;-+&9'
VW(#$,#%#"$' SS3T3SU3' O.#)' 1-#$,' #)' -0' 62*",' )#6$#0#5"$5*8';*5"()*' -2",-2&' #)' *))*$,#"%%&'
($+*2),--+' ")' 9;-+&' %"$6("6*93' D(,' 0-2' 9;-+&' %"$6("6*9' ,-' ;*' *00*5,#:*8' ;-+&'
!-:*!*$,' !(),' -;:#-()%&';*' #$' 0(%%' ."2!-$&' >#,.' ,.*' -2",-2H)' !#$+' "$+' >-2+)3'X-2'
P#5*2-' 9,.*' ;-+&' ,"%/)9Y' 9X-2' ;&' "5,#-$' ,.*' ;-+&' ,"%/)* LR%&*"(-#* 16&-$* 781%-* %"/#$*
6$/>$/-%N)' )-' #,' #)' "%%' ,.*' !-2*' $*5*))"2&' ,-' !"/*' #,' "62**' >#,.' ,.*' ,.-(6.,9* 23/5*
T3\R3FFTU3'^$',.*'*<12*))#-$' -0',.*'-2",-2H)' *&*)8'>.#5.'>")'+**!*+',-';*':*2&'52(5#"%'
#$' +*%#:*2&8'P#5*2-' )"#+8' 9X-2' ")' ,.*' 0"5*' #)' ,.*' #!"6*' -0',.*' )-(%8' )-' "2*' ,.*' *&*)'#,)'
#$,*212*,*2)39EGR'
P#5*2-'."+'*"2%#*2'!*$,#-$*+',.",' #,'>")' 9"' 0#$*':-#5*'"$+'62*",' +#6$#,&' -0';*"2#$69',.",'
!"+*',.*' )1*"/*2H)'+*%#:*2&'9#!12*))#:*93' C$'P#5*2-H)' M-!"$' )-5#*,&8' #,'6-*)'>#,.-(,'
)"&#$6',.",' 9"' 0#$*':-#5*'"$+'62*",' +#6$#,&'-0';*"2#$69'5-(%+'-$%&'5-!*' 02-!'!"$3'O.#)'
>")' >.*2*' ,.*' 52(5#"%'!",,*2' -0'!"$%#$*))' -2* #1%68,-(-&0' ;*5"!*'!-),' 2*%*:"$,' "$+'
#!1-2,"$,' #$'M-!"$' 2.*,-2#53'4'6--+')1*"/*2'>#%%' ,"/*' 62*",' 1"#$)' ,-'!"$"6*'.#)':-#5*'
"$+' "%%' -,.*2' ;-+&' 6*),(2*)' >*%%' )-' ,.",' $-,.#$6* "44"#-(1&"' >-(%+' "11*"28' ;(,* #1(,0*
0*",(2*)'-$%&Y'9O.*')(1*2#-2'-2",-2' >#%%' ,.*2*0-2*':"2&'"$+'!-+(%",*'.#)':-#5*3333]*' >#%%'
"%)-' ()*' 6*),(2*)' #$' )(5.' "'>"&' ")' ,-' ":-#+'*<5*))3333O.*2*' ).-(%+' ;*' $-'*00*!#$",*'
;*$+#$6' -0',.*'$*5/3333]*'>#%%' 5-$,2-%'.#!)*%0';&',.*'1-)*'-0'.#)'>.-%*'02"!*8'"$+' ,.*'
:#6-2-()'"$+'!"$%&'",,#,(+*'-0',.*';-+&* L.-/-,-* ,1&"/8#4,"S-$("N5O9J;*
!FDFDF#$=+0360/0&3$?5F$4.$D#E@>>C$
C0' ,.*' *"2%&' M-!"$'h!1#2*'5-(%+';*' 2*6"2+*+' ")' 9-$*' -0',.*'!-),' *%-B(*$,' 1*2#-+)' #$'
.(!"$' .#),-2&98' W(#$,#%#"$H)' >2#,#$6' >-(%+' !-),' 12-;";%&' ;*' ,.*' ;*),'2*)-(25*' ";-(,'
O05*2<,!;+3$DF#AF"""F$W**!;+.F$ ##F$
O05*2<,!;+.F$ @MFB>F$
O05*2<,!;+.F3$ @LF#AEB>F$
@B#$
-2",-2&' -0' ,.*' ,#!*3' W(#$,#%#"$H)* B(%&-&8&-$* 3/1&$/-1' 5-$)#),*+' -0' ,>*%:*' ;--/)' #$'
>.#5.' .*' ."+' )/#%0(%%&' "+"1,*+' )-!*' -0' ,.*' 0*",(2*)'-0' 42#),-,%*H)* ?'"&$/-61' "$+' -0'
P#5*2-H)* !"* 3/1&$/"' "$+* 3/1&$/5TQP' N#/*' .#)'12*+*5*))-2)8'W(#$,#%#"$' "+-1,*+' ,.*' 0#:*'
1"2,)' -0' 2.*,-2#5Y' 9333#$:*$,#-$8' "22"$6*!*$,8' *<12*))#-$8' !*!-2&8' "$+' +*%#:*2&' -2'
"5,#-$'V,.*',>-'%",,*2',*2!)';*#$6'()*+')&$-$&!-()%&U9'VT3T3SU3'
X-2' W(#$,#%#"$' 2.*,-2#5'>")' $-,'-$%&',.*'!",,*2' -0')1*"/#$6' >*%%8' #,').-(%+'"%)-'#$5%(+*'
-,.*2' :#2,(*)' "$+'5."2"5,*2'-0',.*'-2",-2' )#$5*'$-'!"$'5"$' )1*"/'>*%%'($%*))'.*' #)'6--+'
!"$' VF3S\3TEU8' -2' "* .-/* M$(8%' VSS3T3S[U3'^$%&' 6--+' "$+' :#2,(-()' !*$' 5-(%+'1-))*))'
-2",-2&3EIT'W(#$,#%#"$H)'*!1.")#)'-$',.*' #!1-2,"$5*' -0',.*'!-2"%'5."2"5,*2'-0',.*' -2",-2'
+#),#$6(#).*+'.#!'02-!')-!*'-0'.#)'12*+*5*))-2)3'
W(#$,#%#"$' ."+'"'62"$+':#*>'-0',.*'>.-%*'!"$' #$'.#)'1.#%-)-1.&' -0'*+(5",#-$3' X-2'.#!8'
,.*' "55-!1%#).*+' -2",-2' >")' 9,.*' 62*",*),'.(!"$' ,&1*93'd#,.' ,.",' $-;%*' 6-"%' #$'!#$+'
W(#$,#%#"$' 2*"+#%&'"))(!*+',.*' 2-%*' -0'"')*2#-()'*+(5",-28'*)1*5#"%%&' #$' ,.*' ,2"#$#$6'-0'
62*",'-2",-2)3' c(5.' ,.#$/#$6'5-(%+';*' )"#+' ,-';*':*2&'!(5.' #$'%#$*'>#,.' ,.*'*,.-)'-0'.#)'
,#!*' >.#5.' ."+' ;*6($' 9,-' )**' .(!"$' ;*#$6)' ")' #$+#:#+("%)' 2",.*2' ,."$' ")' 5-6)' #$'
)-5#*,&39EIE'
c#$5*' -2",-2&' #)' *))*$,#"%%&' 9;-+&' %"$6("6*98' ,.*2*' ."+' $",(2"%%&' ;**$' "' /#$+' -0'
2.*,-2#5"%' ,.*-2&'-0',.**M$+0' #$'L2*5-?M-!"$' ,2"+#,#-$3'O.*2*'>")8' 0-2'#$),"$5*8' "%2*"+&'
"'>*%%'/$->$'M-!"$' #+#-!3'9O.*';-+&'-0',.*'-2",-2'!(),';*',.*';-+&'-0',.*'6--+'!"$3'
O.#)';-+&' #)'6--+',-',.*'*<,*$,' ,.",' #,';*,2"&)'#,)*%0' ,-';*' "'!*2*':*))*%8'6#:*$'#,)':#2,(*'
"$+':"%(*';&',.*' )-(%'-0',.*'6--+'!"$' -0'>.#5.'#,'#)',.*';*"2*23'D-+#%&' *<5*%%*$5*' 5#,*)'
! M @
$ R*33*)',!'(&)*+,-/$ !"LF$! M "
$ R*33*)',!'(&)*+,-/$ !ABEMF$! M D
$ =+0360/0&3$"F@MF!DF$OKF$@"F@FA$! M !
$ R*33*)',!'(&)*+,-/$ !ALF$
@BB$
"$+'1*20-2!)',.*'"(,.-2#,&'-0',.*'6--+'!"$39' C,'>")' ,.()'5%*"2' ,.",' W(#$,#%#"$'+#+'$-,'
>"$,'_(),' ,-',2"#$'"')/#%0(%'9"5,-298' ;(,' "*#1('>.-'>")' "%)-*#$/1,,0* =$$+5' O.*';-+&'-0'
,.*'-2",-2'>-(%+';*'6--+'-$%&'>.*$' #,'2*:*"%*+' 9,.*'6--+$*))'-0',.*'-2",-2'.#!)*%039EIG'
Q-2*-:*28' ,.*' -2",-2' !(),' "%)-';*' "'!"$' >.-'5-(%+' ,2(%&' ;*' 5"%%*+* U-%")' "$+'$-,'-$%&'
1*20*5,'#$'!-2"%'5."2"5,*2'VW(#$,#%#"$' S3'123' SK?SRUE I I'X-2'W(#$,#%#"$8',.*'91*20*5,#-$9'-0'
-2",-2&'5-(%+'-$%&';*'"5.#*:*+' >.*$',.*'-2",-2'-0'$-;%*'1*2)-$"%' 5."2"5,*2'."+' "5B(#2*+'
,.*'*))*$,#"%')/#%%)'-0',.*'"2,'"$+'+*%#:*2*+' ,.*!'"55-2+#$6%&'VSS3S3S[U3'
4%,.-(6.'W(#$,#%#"$' "62**+'>#,.'42#),-,%*'#$',.*-2&' ,.",' 9+*%#:*2&'#)'"'!",,*2' -0'$",(2*'
2",.*2' ,."$' -0'"2,89EIK' .*' B("%#0#*+'#,';&')"&#$6' ,.",' 9$-,.#$6'5-!*)',-'1*20*5,#-$'($%*))'
$",(2*'#)'"))#),*+';&' "2,39EI R' W(#$,#%#"$' ,.()'*%";-2",*+' -$' ,.*' #!1-2,"$5*' -0':-#5*' "$+'
-,.*2' ,2"#$#$6'"$+'12"5,#5*' ",'5-$)#+*2";%*' %*$6,.'VSS3T3SR8'FFU3'
N#/*' "%%'-,.*2' *+(5",-2)'-0'-2",-2&'W(#$,#%#"$' "%)-',--/' 0-2'62"$,*+' ,.",' ,.#)' "2,'>")' ,.*'
!-$-1-%&' "$+' 12*2-6",#:*' -0* #1(5* V1%68,-(-&0' !(),' ,.*2*0-2*' ;*' !"#$,"#$*+' "$+'
+#)1%"&*+' ",' "%%'5-),)' "$+' ",' "%%',#!*)3'O.*' +(%%8' 5-"2)*8'."2+8' "$+' ),#00' :-#5*' -0'"'!"$'
>")' _(),' ")' ;"+' ")' "$* "44"#-(1&"' :-#5*' >.#5.' >")' ,.#$8' *!1,&8' 62",#$68' 0**;%*8' "$+'
)-0,3 E K [' 4)')(5.8' >.*$'W(#$,#%#"$' ,"%/*+'";-(,' ;-+&'6*),(2*8'.*'>")' 5*2,"#$%&'2*0*22#$6'
,-'"'!"$H)';-+&'6*),(2*'#$'2.*,-2#5"%',2"#$#$6Z')(5.';-+&'6*),(2*'>")' %#,*2"%%&'02-!'.*"+'
,-',-*';*5"()*'96*),(2*'5-$:*&)' !*"$#$6' >#,.-(,',.*'.*%1'-0'>-2+)9' VSS3T3GG?GIU3'=(*'
,-' ,.*' 52(5#"%' 2-%*' ,.",' ;-+&' 6*),(2*' 1%"&*+' #$' ,.*' 9;-+&' %"$6("6*9' #$' +*%#:*2&8' #,' #)'
*))*$,#"%',-'$-,*',.*'2*)1*5,#:*' 2-%*)' ,.",'!*!;*2)'-0'"'!"$H)';-+&'1%"&*+8'>#,.' )1*5#"%'
2*0*2*$5*',-'W(#$,#%#"$H)'#$),2(5,#-$3'
! M #
$ c20^$`+3)*29<3,!$).L,8L! 2.6-DF,8,)?M! K(&!'(&)*+,-! *:!E&+:*+7.8-&! ,8!)(&!'*7.8! N*+F<$ ?433$42J<2:$
a301*2906'$<K$I05H0S&3$G2*99,$">>>C,$ B@F$! M B
$ `+3)*29<3,!2.6-DF,8,)?/$ B@F$! M M
$ `+3)*29<3,!2.6-DF,8,)?/$ LMELF$! M L
$ =+0360/0&3,!G86),),),*! ;+.)*+,*/$ 1</F$d,$62&39F$.<3&/)$4F$%+99*//,$ 0362<F,$#F$! M A
$ =+0360/0&3$@@FDF@@F$W**$O05*2<,!;+3$DF!"T!J+3$ @DMF$! L >
$ =+0360/0&3$@@FDFD>ED"F$
@BM$
W'"* @"1+*
W(#$,#%#"$H)' #$),2(5,#-$'-$' ;-+&' 6*),(2*' ;*6"$' >#,.' ,.*' .*"+Y' 9C,'#)' ,.*' .*"+' >.#5.'
-55(1#*)',.*'5.#*0'1%"5*' #$'=*%#:*2&'V")' #,'+-*)'#$',.*';-+&'#,)*%0U3333'VSU'X-2' )**!%#$*))8'
#,'!(),' 0#2),';*'(12#6.,'"$+'$",(2"%3333'VFU'O.*'.*"+'5-$:*&)'!*"$#$6'#$'!"$&'+#00*2*$,'
>"&)3' 41"2,' 02-!' ,.*' !-:*!*$,)' -0' "))*$,8' +*$#"%8' "$+' "62**!*$,8' ,.*2*' "2*' -,.*2)8'
>*%%?/$->$' "$+' ($#:*2)"%%&' ()*+8' >.#5.' *<12*))' !-+*),&8' +-(;,8' )(212#)*8' "$+'
#$+#6$",#-$9'VSS3T3GR?ISU3'
X2-!' ,.*' .*"+' W(#$,#%#"$' !-:*+',-',.*' 0"5*'")' ,.*'.*"+H)'+-!#$"$,'0*",(2*8'"$+'02-!'
,.*2*' +->$>"2+',-' ,.*' $*5/' "$+' ,.*$' ,.*' ).-(%+*2)8' ,.*' "2!)' "$+' ,.*' ."$+)' #$':*2&'
-2+*2%&'!"$$*2' VSS3T3IF?KEU3EKS'
W'"*X16"* 1(+*&'"* R0"%*
9O.*' 0"5*' #)' )-:*2*#6$98' "55-2+#$6' ,-' W(#$,#%#"$8' ;*5"()*' 9#,' #)' ,.#)' ,.",' !"/*)' ()'
.(!;%*8' ,.2*",*$#$68' 0%",,*2#$68')"+8' 5.**20(%8'12-(+8'-2')(;!#))#:*Z'!*$' ."$6' -$',.#)Z'
!*$'0#<',.*#2'6"J*'-$',.#)Z',.#)'#)'>",5.*+'*:*$';*0-2*'>*'),"2,' ,-')1*"/Z',.#)'!"/*)' ()'
%-:*' )-!*'1*-1%*' "$+' .",*' -,.*2)Z' ,.#)'!"/*)' ()' ($+*2),"$+' !"$&' ,.#$6)Z' ,.#)'-0,*$'
2*1%"5*)'>-2+)'"%,-6*,.*29'VSS3T3IFU3'
4$+' -0',.*' 0"5*' #,)*%08' ,.*'!-),' #!1-2,"$,'"$+' -;:#-()'0*",(2*' #)' ,.*'*&*)Y'9O.*'!#$+'
).#$*)' ,.2-(6.' *)1*5#"%%&' #$333,.*' *&*%#+)' "$+' ,.*' 5.**/)3' Q(5.' "%)-' #)' +-$*' ;&' ,.*'
*&*;2->)9' VSS3T3I\?IKU3EKF'd.",*:*2' -$*' +-*)'>#,.' ,.*' :"2#-()' 1"2,)' -0',.*' ;-+&8'"%%'
4"#-(-("' !"$$*2#)!)'!(),';*'":-#+*+8'>"2$*+'W(#$,#%#"$3EK T'
`+3)*29<3,!2.6-DF,8,)?/$ MBF$! L "
$ =+0360/0&3$ @@FDFMB$?*'*9C,$ MLEMA$ ?*'*J2<U9C,$ BA$ ?H*&)C,$LD$ ?9H<+/)*29C,$ @"B$ ?K**6C,$ @"LE"A$ ?9U&'03SC,$
@B#F$OKF$W*3*5&,!9@3$#"F@"F$! L D
$ 4)20&3$O&*9&2,!K.O,8L! ,)!4,O&! .!2.8M! $D::&+,8L/! $&PD.F,)?! .8<!)(&!N.+!E*&)6M! J+**O&/! $.66**8/! ;Q&8/!
R+.5&6$ ?I&35H*96*2T$I&35H*96*2$a301*2906'$G2*99,$@AADC,$BDF$
@BL$
Y"6C* 1(+* Z'$8,+"/%*
9O.*'$"1*'-0',.*'$*5/'!(),';*'),2"#6.,8'$-,' ),#00'-2';*$,';"5/33'3M"2*%&'#)'#,';*5-!#$6',-'
).2(6'-2'.($5.' ,.*' ).-(%+*2)8' ;*5"()*',.#)').-2,*$)',.*'$*5/' "$+'12-+(5*)'"'6*),(2*'-0'
.(!#%#",#-$' "$+' )*2:#%#,&* L="%&8#* 78"(+1#* '8#-,"#* 1&78"* %"/.-,"#N)' )(66*),#$6'
.&1-52#)&8';*5"()*'1*-1%*' ()*' #,'>.*$' ,.*&' "2*' 12*,*$+#$6' ,-' 0%",,*28'"+!#2*8' -2' 0*"29'
VSS3T3KTU3' O.#)' 5%*"2%&' 2*:*"%*+' ,.*' )-5#"%' ),",()?5-$)5#-()$*))' -0' W(#$,#%#"$8' "':*2&'
12-(+'M-!"$3'
@1(+%*
94)' 0-2',.*' ."$+)8'>#,.-(,'>.#5.' ,.*' +*%#:*2&'>-(%+' ;*' 52#11%*+'"$+' *$0**;%*+8' #,'#)'
"%!-),' #!1-))#;%*' ,-' )"&' .->'!"$&' !-:*!*$,)' ,.*&'1-))*))8' 0-2',.*)*' "%!-),' !",5.'
,.*'*$,#2*'),-5/' -0'>-2+)3'^,.*2'1"2,)'-0',.*';-+&'"))#),',.*')1*"/*2Y',.*'."$+)8'C'!#6.,'
"%!-),' )"&8')1*"/'0-2',.*!)*%:*)9' VSS3T3K\?KIU3'
C,' #)' #!1-2,"$,',-'$-,*' ,.",' W(#$,#%#"$' %#$/*+' ,.*'()*' -0',.*'."$+)'")' "$' #!1-2,"$,';-+&'
6*),(2*' ,-' ,.",' -0' 9+*"(,.-2#J",#-$' "$+' )#%*$5#$69'-0'-$*H)' 2#:"%8' #$5%(+#$6'91-%#,#5"%9'
2#:"%)'#$')-5#*,&3EKE'
X""&*
9c,"!1#$6' ,.*' 0--,'5"$' ;*' -11-2,($*' -$' -55")#-$8' ")' P#5*2-' )"&)8' ",' ,.*' ;*6#$$#$6'-2'
*$+'-0'"'1"))"6*'-0'"662*))#:*'"26(!*$,8' ;(,' # 0'#,'#)'+-$*'-0,*$'#,').->)' ,.*')1*"/*2',-'
;*'"'0--%8'"$+'5*")*)',-'",,2"5,',.*'_(+6*H)' ",,*$,#-$39EK\'
`+3)*29<3,!2.6-DF,8,)?/$ LDF$
=+0360/0&3$@@FDF@"LF$W**$O05*2<,!;+3$DF"">F$
@BA$
["%&8/"%* U'-6'* #-#-6* 16&-$(*
X-2'W(#$,#%#"$8'6*),(2*)'>.#5.'!#!#5'"5,#-$'!(),';*'":-#+*+Y'94$'-2",-2'.")' ,-';*':*2&'
+#00*2*$,'02-!'"'+"$5*2Z'.*'!(),'"+"1,'.#)'6*),(2*',-'.#)')*$)*'!-2*',."$',-'.#)'>-2+)'?
>.#5.' #$+**+' >")' ,.*' 12"5,#5*' -0',.*'!-2*' )*2#-()' "5,-2)' ,--3' C'>-(%+' 2*"+#%&'%*,'.#!'
!-:*' .#)' ."$+' ,->"2+)' .#!)*%0' >.*$' .*' )1*"/)' ";-(,' .#!)*%08' -2' ,->"2+)' "' 1*2)-$'
>.-!'.*'>#).*)' ,-'1-#$,'-(,8'"$+'"'0*>',.#$6)'%#/*',.",333'3O.#)'5"(,#-$'"11%#*)'$-,'-$%&'
,-',.*'."$+)8';(,',-',.*'>.-%*'2"$6*'-0'6*),(2*'"$+':-#5*39'
B(1>>/$>/-1&"* ="%&8/"%* U"/"* &1M$$*
9O"/*' 5"2*' $-,' ,-' ,.2(),' ,.*' 5.*),' -2' ),-!"5.' 0-2>"2+3'O.#)' "25.*)' ,.*' ;"5/8' "$+'"%%'
;*$+#$6' ;"5/>"2+)' #)' ($)#6.,%&3'O.*' )#+*' !(),' ;*' #$' ,($*' >#,.' ,.*' 6*),(2*8' 0-2' ,.*'
!-:*!*$,' -0' ,.*' >.-%*';-+&' #)' #!1-2,"$,8')-' !(5.' )-' ,.",' P#5*2-' )"&)' ,.",' !-2*' #)'
+-$*';&',.#)',."$';&',.*'."$+)',.*!)*%:*)9' VSS3T3SFFZ'c**'P#5*2-8*3/1&5' SK3\RU3'
@1/#$(-$8%* 6$$/+-(1&-$(*
C$' ,.*'!-;#%#J",#-$' -0',.*':"2#-()';-+&'1"2,)' #$'+*%#:*2&'62*",' *!1.")#)'#)'1(,'-$'6--+'
5-?-2+#$",#-$' "$+' ."2!-$&8' _(),' %#/*' "$' -25.*),2"Y' 9g-,' -$%&' #)' ,.*' ;-+&'5"2*0(%%&'
"2,#5(%",*+'#$'#,)'1"2,)8' #,'#)'"%)-'5--2+#$",*+'"$+'-26"$#J*+')(5.',.",' #,)'*%*!*$,)' >#%%' ;*'
-25.*),2",*+' #$,-'"'."2!-$#J*+'>.-%*9'VSS3T3SFFZ'SS3T3I[U3'
!/"%%*
94)'0-2'+2*))8',.*2*'#)'$-')1*5#"%' 0-2!'0-2',.*'-2",-28';(,'.#)'#)'$-,#5*+'!-2*3'4)'>#,.'"%%'
!*$' -0' ),"$+#$68' #,' ).-(%+' ;*' +#),#$6(#).*+' "$+' !")5(%#$*9' VSS3T3STIU3'=2*))' ).-(%+'
":-#+' ;*#$6* "44"#-(1&"\' 9^0'5-(2)*8' >2"11#$6'&-(2' %*0,'."$+' #$'&-(2' ,-6"' "$+' ,&#$6'#,'
=+0360/0&3$@@FDFLLEA>F$
@M>$
2-($+' &-('#)'"%!-),' #$)"$*8' "$+' ,.2->#$6' ;"5/' ,.*' 0-%+' 02-!' #,)';-,,-!'-$,-',.*' 2#6.,'
).-(%+*2'#)'0-11#).'"$+'*00*!#$",*9'VSS3T3SEGU3'
j"$*'L"2+$*2H)' 5-!!*$,'-$'9+2*))9'#)'1"2,#5(%"2%&')#6$#0#5"$,Y'9O.*2*'#)'5%*"2%&'"'+2*))'
5-+*3'D*.":#-(2'"$+'"11*"2"$5*'"2*'#!1-2,"$,'"$+',.*2*' #)'"$'#!"6*'-0'H!")5(%#$#,&H' ,-'
;*' 6("2+*+8' ,.",' #)8' -0' 1)&5.-%-6#5"%' !")5(%#$#,&3' C,' #)' $-,' *$-(6.' !*2*%&' ,-' ;*'
;#-%-6#5"%%&' !"%*8' -$*' !(),' 6#:*' -(,' ,.*' "112-12#",*' )#6$"%)' "$+' 1%"&' ,.*' *<1*5,*+'
6*$+*2' 2-%*3333X-2' "'!"$' +*%#;*2",*%&',-' #!#,",*',.*';*.":#-(2' -0',.*'-11-)#,*' )*<' >")'
$-,'!*2*%&'($;*5-!#$68'#,'>")')*%0?+*62"+",#-$39EKI'
M-!"$' %">&*2)H' 9+*0#$#,#-$)' -0' >.",' 5-!12#)*' %*6"5#*)' -0' H!*$H)' 5%-,.#$6H' "$+'
H>-!*$H)' 5%-,.#$6H' 2*0*2' ,-' )-5#"%' "))(!1,#-$)' ";-(,' "112-12#",*' H!")5(%#$*H'
;*.":#-(23H9EKK'd.",'7"(%()')"&)'";-(,',.*'!",,*2'#)'"%)-'.*%10(%Y'9d.*$'"'%*6"5&'#)'%*0,'
-0' !*$H)' 5%-,.#$68' -$%&' ,.-)*' "2*' #$5%(+*+' >.#5.' "2*' "112-12#",*' 0-2' "' !"$H)' ()*'
>#,.-(,')."!#$6'.#)'!")5(%#$#,&* 2%1,.$*>8+$/"* .-/-,-&1&-%H5))9Z]*
W'"* $/1&$/* 1(+*&'"* 16&$/*
C,' #)'"%)-'#!1-2,"$,',-'$-,*',.",'W(#$,#%#"$'>"$,*+',-'!"/*'"'5%*"2'+#),#$5,#-$';*,>**$' "'
95-!#5'"5,-29'"$+'"',2(*'9-2",-29Y' 9 C' +-'$-,'>"$,'!&'1(1#%' ,-';*' "'5-!#5'"5,-28';(,'"$'
-2",-2* 2($(* "(-#* 6$#$"+8#* "%%")* %"+* $/1&$/"#* .$,$H5O9];' W(#$,#%#"$' "%)-' )*,' ,.*' ,>-'
,*2!)* 16&-$' "$+* -#-&1&-$' "6"#$),' *"5.' "$-,.*2' "$+' #$)#),*+',.",',.*'-2",-2H)'1*20-2!"$5*'
>")' $-,'_(),' "$' #!#,",#-$' -0' "' 9,.#$698' #3*38' ,.*' -2",-2H)' +*%#:*2&'!(),' ;*' )**$' ")' "'
1*20-2!"$5*'-0'"$'9*))*$5*9'-2'-0'"'95."2"5,*293' ^$%&' #$',.#)'>"&'5-(%+',.*'-2",-2';*'"'
! L M
$ e&3*$YF$`&2)3*2,$ -W*Z03S$&$%<8&3:$08P*2K*56$8*3$ 03$%<8&3$/&U-,$ 03$X03$Y<ZH&//$ &3)$e<H3$W&/8<3$
?*)9FC,! N(&8! 2&8! N&+&! 2&8M! 2.6-DF,8,)?/! E*Q&+/! .8<! G<&8),)?! ,8! 0F.66,-.F! 18),SD,)?$ ?X<3)<3:$
%<+6/*)S*,$ @AALC,$ @DBE#",$&6$@!MF$! L L
$ `&2)3*2,$ -W*Z03S$&$%<8&3f,$@DBF$! L A
$ G&+/+9,!$&8)3$ DFBFL>F$ OKF!%,L3$ D!F"F"DF"F$! A >
$ =+0360/0&3$ @@FDF@L"F$
@M@$
,2(*' 9"5,-29' -0* '-#%",4' VSS3T3\U3' 4$+' -$%&' ,.#)* %",4)' #$'W(#$,#%#"$H)' :#*>8' >")' ,.** .-/*
M$(8%* "&* =/1.-%)' ,.*' 6--+' "$+' )*2#-()' !"$3' O.#)' 1-#$,' >")' #!1-2,"$,' 0-2'W(#$,#%#"$8'
;*5"()*' "' ,2(*' -2",-2' 5-(%+' -$%&' ;*' "$' 9"5,-29' -2' 9#!#,",-29' 0-2'.#!)*%0' "$+' $-,' 0-2'
-,.*2)3'
C$' .#)' 5-$5%()#-$8' W(#$,#%#"$'5#,*+' ,.*' 6--+' *<"!1%*' -0' P#5*2-8' "$+' ."#%*+' Q"25()'
4$,-$#()'")' "$' -2",-2*>1/* "S6",,"(6"' #$',.*' "2,' -0'+*%#:*2&' #$'6*),(2*8':-#5*8' "$+' >-2+)'
>.#5.'"62**+'>#,.',.*'5-(2)*'-0'.#)',.-(6.,)3ERS'
c-$/->)/&' 5-$5%(+*)' ,.",' 9#$' ,.*' 42#),-,*%#"$' ,2"+#,#-$8' >.#5.' #$5%(+*)' ,.*'
O.*-1.2"),"$' "$+' ,.*' P#5*2-$#"$8' ,.*' ,*5.$#B(*)'-0'+*%#:*2&' "2*' $-,'!*2*%&' )-!*,.#$6'
,.",' #)' "++*+' #$' "' )(1*20#5#"%' >"&' "0,*2' ,.*' 12-5*))' -0' %#,*2"2&' 5-!1-)#,#-$' .")' ;**$'
5-!1%*,*+8' ;(,' )-!*,.#$6' ,.",' #)' :#,"%%&' #$:-%:*+' #$' ,.*' :*2&' %";-(2)' -0' 5-!1-)#,#-$'
"$,#5#1",#$6',.*'1(;%#5' 12*)*$,",#-$39ERF'
c-$/->)/&H)'1-#$,'#)':*2&' #!1-2,"$,';*5"()*'-0',.*' #$,#!",*'2*%",#-$';*,>**$'9%#,*2"2&'
5-!1-)#,#-$9' "$+' 91(;%#5'12*)*$,",#-$9' >.#5.'>*2*' #$:-%:*+'#$' ,.*' -$*' "$+' ,.*' )"!*'
12-5*))' #$' "$5#*$,' 2.*,-2#53' C$' ,.*' 5")*' -0' 7"(%8' .->*:*28' ,.*' +#),#$5,#-$' ;*,>**$'
9%#,*2"2&' 5-!1-)#,#-$9' "$+' 91(;%#5' 12*)*$,",#-$9' >")' $-,' "%>"&)' 5%*"28' $-2' >")' #,' ,.*'
"1-),%*H)' 1"2,#5(%"2' 5-$5*2$3' O.#)' >")' ;*5"()*' 0-2' 7"(%' ,.*' ,>-' 5-(%+' ."2+%&' ;*'
)*1"2",*+3' O.()8' >.*$' 7"(%' !*$,#-$*+' ,.*' 9!*))"6*' Vb-&-#ZU' -0' ,.*' 52-))9' .*' !-),'
12-;";%&' ."+' #$'!#$+' ,.*' 95-$,*$,9' -0' .#)' !*))"6*' @9%#,*2"2&' 5-!1-)#,#-$9A' "$+' #,)'
12-5%"!",#-$' @91(;%#5'12*)*$,",#-$9A3' ]->*:*28' F'P-23' S[3S[')**!*+',-')(66*),',.",' .#)'
52#,#5)' >*2*' !"/#$6' "' +#),#$5,#-$' ;*,>**$' 7"(%H)' 9%#,*2"2&' 5-!1-)#,#-$98' #3*38' .#)'
9%*,,*2)98' >.#5.',.*&' 5-$)#+*2*+' 9>*#6.,&' "$+' ),2-$698' "$+' .#)' 9;-+#%&'12*)*$5*98' "$+'
! A @
$ =+0360/0&3$@@FDF@L!F$W**$O05*2<F!J+3$DMF@!@F$! A "
$ W<3^<U9^',$ -.*/01*2'-,$ "MDF$
@M"$
!"#$$%&!'(&)%&' *&$+',$-.,/$/' ."' !($.0!'.1/' !%21*$3#*)45$!',$"#$%*)6$5+7'8&$' %,)*)%"9'
/)"*)1%*)21' 4$*($$1' !5)*$,.,+' %23#2")*)21!'.1/' !#:45)%'#,$"$1*.*)21!' ."' ($55' ."' *&$),'
1$-.*)6$' ;:/-$3$1*' 21' *&$' 5.**$,' .,$' <:)*$' :1/$,"*.1/.45$' )1' *&$' %."$'2='>.:5' )1' *&$'
%21*$?*' 2='@,$%2AB23.1' ,&$*2,)%7'C1')*"' 5.*$,'/$6$52#3$1*D' ."' *&$'#,$6)2:"' ":,6$+' &."'
)1/)%.*$/D'@,$%2AB23.1' ,&$*2,)%'&./' *.0$1' *&$'#:45)%'#,$"$1*.*)21D' )7$7D'/$5)6$,+D'32,$'
"$,)2:"5+'*&.1'5)*$,.,+'%23#2")*)21D'4$%.:"$')*'(."'*&$'!42/+'5.1-:.-$!'(&)%&'#,26$/'*2'
4$' =.,'32,$' #2($,=:5' .1/' .**,.%*)6$'*&.1'3$,$' (,)**$1' (2,/"D'2,'3$,$' "#$$%&'()*&2:*'
42/+'-$"*:,$"7'
!"!#$%&%'(#)(*+,%)#-'#./0)&*1,',(2.3#4,(5#)6%&,01#7%8%7%'&%#(-#91%0)-'#
8&$'#,$6)2:"'"$%*)21'21'@,$%2AB23.1',&$*2,)%'&."'12*'215+'"&2(1'*&$')3#2,*.1*'#5.%$'
)*'2%%:#)$/')1'@,$%2AB23.1'"2%)$*+'.1/'%)6)5)E.*)21D')*'&."'.5"2'/$321"*,.*$/' *&.*'
,&$*2,)%')1'*&$'.1%)$1*'@,$%2AB23.1'(2,5/'(."'$?%5:")6$5+'.!"#$%&' -.3$7'8&)"')"'32"*'
$6)/$1*')1')*"'-,$.*'$3#&.")"'21'/$5)6$,+'(&)%&'(."'$""$1*).55+'3$19"'!42/+'5.1-:.-$!7'
8&)"'#2)1*'(."'6$,+')3#2,*.1*')1'*&$'F2,)1*&).1'%21*,26$,"+')1'(&)%&'>.:59"'
!3."%:5)1)*+!'(."'.##.,$1*5+'%.55$/')1*2'<:$"*)217'
G:==)%)$1*'.**$1*)21'&."'4$$1'-)6$1'*2'*&$'#5.%$'2='3."%:5)1)*+')1'*&$'.1%)$1*'@,$%2A
B23.1'(2,5/')1'32/$,1'H$('8$"*.3$1*' "*:/)$"D'"2'*&.*'*&$'"*:/+'21'@,$%2AB23.1'
,&$*2,)%'(2:5/'.##$.,',.*&$,')1%23#5$*$'()*&2:*'*.0)1-'*&$'":4;$%*'2='3."%:5)1)*+'
"$,)2:"5+7'F21")/$,.45$'(2,0'&."'.5,$./+'4$$1'/21$'4+'"23$'32/$,1'"%&25.,"' )1'*&$'5."*'
%2:#5$'2='/$%./$"'21'*&$'":4;$%*7'I'6$,+'-22/'.1/':#A*2A/.*$'":,6$+'2='3."%:5)1)*+'
"*:/+')1'32/$,1'H$('8$"*.3$1*' ,$"$.,%&'%2:5/'4$'=2:1/')1'J22,$9"'.,*)%5$7KLM'
:--7%3# .;#:0'3#<5-#=7(#>5-*"""?.@#:0)&*1,',(2#A(*+,%)#='+#B%4# >%)(0/%'(# A(*+,%)3# ,'#A(%65%'#
:--7%#0'+#C0',&%#D06%1#='+%7)-'#E%+)"F3!"#$! %#&'()#*'! +(&,-./*/'/#&# EAGHAA# !IJ#=(10'(0@#A-&,%(2# -8#
G,K1,&01#H,(%70(*7%3#LMMNF3# OPLL"#
OQN#
@5$."219"' =)1/)1-"'.,$' #.,*)%:5.,5+'&$5#=:5' =2,' :1/$,"*.1/)1-' *&$' $*&2"' 2=' ,&$*2,)%D'
$"#$%).55+'*&$' %,:%).5' )"":$'2=!"#'()%*$*+&' )1'@,$%2AB23.1' "2%)$*+7KLK'@5$."219"' =2%:"'
)"'32"*' ,$5$6.1*'*2'*&$'F2,)1*&).1'#,245$3'#.,*)%:5.,5+'4$%.:"$'>.:59"' 2##21$1*"' ($,$'
246)2:"5+' 6$,+' %,)*)%.5' 2='&)"' ($.0' "$5=A#,$"$1*.*)21D' .1/' 4+' )3#5)%.*)21D' *&$' %,:%).5'
.4"$1%$'2='3.15)1$""D'(&)%&'(."'$?#$%*$/'2='.'-22/'2,.*2,7'8&)"'#2)1*')"'42:1/'*2'"&$/'
5)-&*'21'*&$'$?$-$")"'2='N'F2,7'O7'NAP'.1/'O'F2,7'NQ7NQ7'
@5$."21' *&)10"'*&.*'*($1*)$*&'%$1*:,+',$./$,"9'$?#$,)$1%$'2='.1%)$1*',&$*2,)%')"'!$1*),$5+'
.1'.,3%&.),' .==.),!7'I"'":%&D' *&$+' 2=*$1'=.)5' *2'.##,$%).*$' "23$'2='*&$'4.")%' ."#$%*"'2='
*&$' *,.)1)1-' .1/' /)"%)#5)1$'(&)%&' ($,$' $""$1*).5' *2' "$,)2:"' ,&$*2,)%.5' *,.)1)1-' .1/'
$/:%.*)21# E>70,R%,0F"'8&$"$'($,$'*&$'1$%$"".,+'#,2%$""$"'*&,2:-&'(&)%&'3$1D'$"#$%).55+'
:##$,A%5.""' !3$1!D' ($,$' !3./$!7' @5$."21' )"' ,)-&*' )1'.""$,*)1-' *&.*# >>-0I%,03' =2,'42*&'
@,$$0' .1/'B23.1'-$1*5$3$1D' ."' *&)"'*&$")"9' $.,5)$,'&)"*2,)%.5'":,6$+' &."' "&2(1D'(."'.'
=2,3'2='!"+3425)%'%.#)*.5!R'!C*"'/$6$52#3$1*' ,$<:),$/' *)3$D'321$+D' $==2,*D'.1/'"2%).5'
#2")*)21777'$52<:$1%$'(."'*&$'$""$1*).5'#,$%21/)*)21'2=')*"'/)"#5.+!7KLP'
@5$."21' &."' %5$.,5+' 12*$/' *&.*' *&,2:-&# ,>0,R%,0' )1' #:45)%' "#$.0)1-' .1/' %21"*.1*'
%23#$*)*)21' ()*&' *&$),'#$$,"D'.'B23.1'(."' .45$' *2'/)"#5.+'&)"' !%:5*:,.5' %.#)*.5!'(&)%&'
!/)"*)1-:)"&$/'.:*&$1*)%'3$34$,"' 2='*&$'$5)*$'=,23'2*&$,'3$34$,"' 2='"2%)$*+77778&$'"*.,'
#$,=2,3$,"777.**,.%*$/'5.,-$'.:/)$1%$"' S)1T7774,:)")1-'%23#$*)*)21'=2,'"*.*:"'/23)1.1%$7'
U+' *&)"'0)1/'2='/,.3.*)E.*)21D'$1&.1%$/' 4+'.55'*&$'%&.,3"'2='"+3425)%'6)25$1%$D'*&$'-.#'
4$*($$1' *&$' $/:%.*$/' .1/' *&$' :1$/:%.*$/' %.3$' *2' "$$3' )1'12' (.+' .,4)*,.,+D'4:*' *&$'
,$":5*'2='.'1$.,5+'4)252-)%.5'":#$,)2,)*+7!KLV'
91%0)-'3!+(0/*1!+#*2#SS"#
91%0)-'3!+(0/*1!+#*2#SSPSS,"#
91%0)-'3!+(0/*1! +#*2#SS,"#
OQ!#
@5$."21' .5"2'"$$0"'*2'/$321"*,.*$' *&.*' )1'*&$' "$%21/' %$1*:,+' *&$,$' (."' !.' &$)-&*$1$/'
5$6$5' 2='%21"%)2:"' .(.,$1$""' .42:*' /$#2,*3$1*' *,.)1)1-!D' /:,)1-'(&)%&' ,&$*2,)%'(."'
6$,+'3:%&'#$,%$)6$/'."'*&$'6$,+'$342/)3$1*'2='3.1&22/7'W2($6$,D'*&$'(&25$'$?$,%)"$'
(."' 12*' "*.*)%D' 4:*' .1' 21-2)1-' /+1.3)%' #,2%$""' 2=' !3.5$' "2%).5)E.*)21!')1' (&)%&'
!-$1/$,' )/$1*)*+!' .1/' !#:45)%' )/$1*)*+!' ($,$' .321-"*' *&$' 32"*' $""$1*).5' #.,*"' 2='.1'
)1*$,%211$%*$/' (&25$7' !G$5=A#,$"$1*.*)21!' 5.,-$5+' /$*$,3)1$/' .' 3.19"' "*.1/)1-' )1'
"2%)$*+7' K L X' Y)$($/' =,23' *&)"' #$,"#$%*)6$' >.:59"' .##.,$1*' 5.%0' 2=' -22/' !"$5=A
#,$"$1*.*)21!' .1/')3#,$"")6$'!#:45)%')/$1*)*+!' ZN'F2,7'O7NAP['O'F2,7' NQ7NQ\D'%2:5/' 215+'
3.0$'&)3'.1'$."+'*.,-$*'2='&)"'%,)*)%"9' %21*$3#*7'
8&$' 5)6$"' .1/' %.,$$,"' 2=' *(2' #2#:5.,' "$%21/A%$1*:,+' ,&$*2,)%).1"D' ].62,)1:"' .1/'
>25$32D'#,26)/$/'@5$."21' ()*&' =."%)1.*)1-'3.*$,).5"'.1/')1")-&*"')1*2'*&$'(.+"'.1%)$1*'
B23.1"' #$,%$)6$/' .1/' %21"*,:%*$/' 3."%:5)1)*+'/:,)1-'.' *)3$' (&$1' 3$1D' $"#$%).55+'
*&2"$' 2=' *&$' :##$,' %5.""D' ($,$' 3:%&' #,$2%%:#)$/' ()*&' %21%$,1"' .42:*' !3.15+!'
/$#2,*3$1*7' C1' @5$."219"' 6)$(D' ].62,)1:"' .1/' >25$32' ,$#,$"$1*$/' !2##2")1-'
#.,./)-3"'2='3."%:5)1)*+!7'
8&$' ,$5.*)6$5+' 5.*$' 3.*$,).5"' 2=' @5$."21' Z"$%21/' %$1*:,+\' .##$.,' 5)0$' .' #2)1*' 2='
($.01$""'.*' =),"*' -5.1%$7' W2($6$,D':1/$,' %52"$,' "%,:*)1+D')*'.%*:.55+'*:,1"' 2:*' *2'4$'.'
3.**$,' 2=' "*,$1-*&' ."' =.,' ."' F2,)1*&).1'"*:/)$"' .,$' %21%$,1$/D' 4$%.:"$' *&2"$' "$%21/'
%$1*:,+'3.*$,).5"'%2:5/'($55' "$,6$'."'&)"*2,)%.5'%21*)1:)*+'*2'*&$'/$6$52#3$1*'2='@,$%2A
B23.1',&$*2,)%'=,23'*&$' *)3$'2='I,)"*2*5$'*2'^:)1*)5).17'J2,$26$,D'")1%$'@,$%2AB23.1'
,&$*2,)%' &./'4$$1' ($55' $"*.45)"&$/' .1/' =),35+'#5.1*$/' )1'*&$'(&25$'"2%).5'$*&2"'2='*&$'
@,$%2AB23.1' (2,5/' =2,'.*' 5$."*' *&,$$' %$1*:,)$"D' .1/'32"*' 2=')*"' *&$2,)$"' .1/' #,.%*)%$"'
91%0)-'3!+(0/*1! +#*2#SST,"#
OQI#
,$3.)1$/' ,$5.*)6$5+' %21"*.1*D' *&$' "$%21/' %$1*:,+' 3.*$,).5"' :"$/' 4+' @5$."21' %.1'
,$."21.45+'4$'."":3$/'*2'4$'5.,-$5+',$5$6.1*'*2'>.:59"' *)3$7'
@5$."219"' 2,)-)1.5' .1/'#$,":.")6$' =)1/)1-"'.,$' =.,'32,$' *&.1';:"*' ,&$*2,)%.5'"*:/)$"'2='
"$%21/A%$1*:,+' B23.1' "2%)$*+7'8&$+' .5"2' )16256$' *&$'G2#&)"*)%'326$3$1*' 2='*&$'*)3$'
.1/',$6$.5'.'52*'.42:*'*&$'=:1%*)21'.1/'3$.1)1-'2='.1'$5)*$'%:5*:,$')1'*&$'.1%)$1*'B23.1'
"2%)$*+7'G&$' )"' ,)-&*' )1'#2)1*)1-'2:*'*&.*' )*'(."' *&$!,#-!./"#$#' *&.*'&./'#,26)/$/'*&$'
.,)"*2%,.*"' *&$' $16),213$1*' *2' %&.55$1-$' $.%&' 2*&$,9"' !3."%:5)1)*+!D' (&)5$' *&$+'
,$3.)1$/'.4"25:*$5+'":,$'2='*&$),'!%255$%*)6$'/23)1.1%$!7KL_'
8&$' G2#&)"*)%' 326$3$1*' (."' #,)3.,)5+' .' @,$$0' 326$3$1*' )1' *&$' = ) = *&' %$1*:,+'UF7'
G221' .=*$,' *&$' *)3$' 2=' F&,)"*' .' 1$(' 326$3$1*' .##$.,$/' .1/' (."' -)6$1' *&$' 1.3$'
!G$%21/'G2#&)"*)%!'4+'*&$'"2#&)"*'>&)52"*,.,:"D'(&2'(,2*$'.42:*')*"'&)"*2,+':#'*2'.,2:1/'
I`' OQQ7KL L'C*"'#2#:5.,)*+'4,2:-&*'"23$'"2#&)"*"' .'-,$.*'/$.5'2='($.5*&'.1/'*:,1$/'*&$3'
)1*2' =."&)21.45$' #,$.%&$,"' (&2' )1%:5%.*$/' 4$5)$=' )1' *,./)*)21.5' ,$5)-)2:"' .1/'32,.5'
6.5:$"' )1'*&$'32"*',$=)1$/'.1/'$5$-.1*' =2,37'I$5):"'I,)"*)/$"'.1/'W$,2/$"' I**)%:"'3:"*'
4$' %2:1*$/' .321-' *&$' 32"*' =.32:"' "2#&)"*"' 2=' *&$' "$%21/A%$1*:,+' "2#&)"*"7PQQ'@5$1'
U2($,"2%0' /$"%,)4$"' *&$' "2#&)"*"' )1' *&$' "$%21/' 326$3$1*' ."' $"*.45)"&$/' !#:45)%'
"#$.0$,"'(&2'2==$,$/'.'#,$/23)1.1*5+',&$*2,)%.5'=2,3'2='&)-&$,'$/:%.*)21D'()*&'/)"*)1%*'
$3#&.")"' 21')*"'32,$'2"*$1*.*)2:"'=2,3"7!PQ N'
8&$'&)"*2,+'2='%5."")%.5'.1*)<:)*+'(."'.532"*'$?%5:")6$5+'.'&)"*2,+'2=!"0$1'a23$1'($,$'
$?%5:/$/' =,23'!*&$' "*,:%*:,$'2='#2($,'#$,#$*,.*$/' 4+'/23)1.1*'3."%:5)1$')/$252-)$"D!'
91%0)-'3!+(0/*1! +#*2#ORL"#! U U
# V%''%+23!3.(&&/,(.! 45#'67/,2# NQ"#I M M
# V%''%+23!3.(&&/,(.! 45#'67/,2# NW"#I M O
# 9"#<"#G-4%7)-&X3! %5#!8#,6*9! 86:5/&'/,;! <! 3-.'-7(.! =5#*6)#*6*! /*! '5#!46)(*! >):/7## EH-'+-'@#
$-*(1%+Y%3# OUUNF3#O"#
OQR#
."'b)1']2?&.55'&."' ,)-&*5+' 12*$/7' ]2?&.55'*&)10"'*&.*' !B23.1' 3$1'($,$' )/$1*)=)$/'."'
3$1'4+'4$)1-'42,1'()*&'3.5$'42/)$"D' %.,,+)1-'3.5$'-$1)*.5"D' .1/'/$"#)*$'.1+'":4"$<:$1*'
"2%).5' .1/' #&+")%.5' $6$1*"D' &)"' 3.5$1$""' Z.1/' ()*&' )*' &)"' &)$,.,%&.5' #2")*)21\' :":.55+'
,$3.)1$/' )1*.%*7!PQM' c1' *&)"' `23)1)%'J21*"$,,.*' $5.42,.*$"R' !)1' .1*)<:)*+D' *&$' 3.5$'
42/+' #,26)/$/' .1' )3#2,*.1*' "+3425)%' -.:-$' 2='/)"%2:,"$"' .42:*' #2($,D' )/$1*)*+' .1/'
"2%).5' #2")*)2177778&$' 3.5$' 42/+' (."' .' ":,=.%$' :#21' (&)%&' #2($,' ,$5.*)21"' ($,$'
3.##$/D' .1/' (&)%&'%2:5/'4$' $?#52)*$/' ."' .' =2,:3'=2,'*&$' /)"#5.+' 2='*&$"$' /+1.3)%"7'
I%%2,/)1-' *2' .1%)$1*' #&+")252-+D' *&$' :13.,0$/D' :1"#$%)=)$/' .1/' :1<:.5)=)$/' &:3.1'
42/+'(."'3.5$D' #,26)/)1-'*&$' +.,/"*)%0'4+'(&)%&'2*&$,' 0)1/"'2='42/)$"'($,$'3$.":,$/'
.1/'/$=)1$/7'I'3.19"'#&+")%.5'%&.,.%*$,)"*)%"' ($,$'$?#5.)1$/' )1'*$,3"'2='&)"')11.*$'3.5$'
%5.)3' *2'#&+")%.5' ":#$,)2,)*+7!PQK'C*' )"' ":==)%)$1*5+'%5$.,' =,23'J21*"$,,.*9"' 24"$,6.*)21'
*&.*' )1' .1*)<:)*+' *&$' #&+")%.5' 42/+' 2='3.1' (."' .5(.+"' #$,%$)6$/' )1'%52"$' %211$%*)21'
()*&' "2%).5'$*&2"'.1/'6.5:$"D' $"#$%).55+' #2($,' .1/'"*.*:"7'I"'":%&D' *&$' "+3425)%'1.*:,$'
2=' 3.19"' 42/+' )1' "2%).5' *$,3"' (."' ;:"*' ."' )3#2,*.1*D' ) ='12*' 32,$' "2D' ."' )*"' #&+")%.5'
."#$%*"7'
8&$' 5$-.5' )3#5)%.*)21"'2='*&$'3.5$' )/$1*)*+'($,$';:"*' ."' )3#2,*.1*' ."' )*"' "2%).5'."#$%*"D'
."' @.,/1$,' &."' %5$.,5+' "*.*$/R' !C1' B23$D' *&$' /$*$,3)1.*)21' 2=' 3."%:5)1)*+' (."'
$"#$%).55+' )3#2,*.1*'4$%.:"$'2='*&$' #$%:5).,' .:*&2,)*+'-)6$1' )1'B23.1' 5.('*2'*&$' 3.5$'
)1' &)"'-$1/$,',25$' ."! 2#+034#"*%*#'5' &$' %2:5/'$?$,%)"$!2/+0'+#'' 26$,' 2*&$,' =,$$'#$,"21"'
()*&)1' *&$!4#"*%*#' 2='(&)%&'&$'(."' &$./D'.1/D':15)0$'(23$1D'&$' &./' 12' ,$"*,)%*)21"'21'
&)"'5$-.5'%.#.%)*+' *2'$1-.-$')1'*,.1".%*)21"'()*&'2*&$,'&$./"'2=' &2:"$&25/7!PQP'
Z-S50113! ?5#*2# O"#
Z-S50113! ?5#*2#I"#
[-/,',&#:-'()%770(3# \]S6%7,%'&,'Y#(5%#/01%#K-+2#,'#$-/0'#]Y26(\3#,'!?5#*2# OINPR!3#0(#OIN"#
907+'%73# \A%S,'Y#0#$-/0'\3# ONR"#
OQQ#
U.,*21' 3.0$"' .' ":4*5$' 4:*' ")-1)=)%.1*'/)"*)1%*)21' 4$*($$1' .' !3.5$!' .1/' .' !3.1!')1'
B23.1'%:5*:,$R'!I'3.5$'(."' 12*'1$%$"".,)5+' .'3.17'c1$'(."' 21*252-)%.55+' .'3.5$'4:*'
$?)"*$1*).55+' .'3.17'U2,1' .'3.5$! 6"#'7'2,' .'&:3.1! 68/"/79' 21$'3./$'21$"$5=' .'3.1'
6:*371! ;! :*3'(."'12*'.'1.*:,.5'4$)1-7!PQ V'I"'":%&D'.'!3.1!'(."'12*'.'0)1/'2='!-)6$1!7'I'
*,:$' !3.1!'&./' *2'4$! "#<01' 8&$'3.0)1-'2='3.1' .1/' *&$'3.)1*$1.1%$' 2='3.1&22/'2,'
3."%:5)1)*+' &$5#' *2'$?#5.)1'*&$' =)$,%$'%23#$*)*)21'*&.*' (."' #.,*' .1/'#.,%$5' 2='@,$%2A
B23.1' "2%)$*+7' @5$."21' )"' #.,*)%:5.,5+'3)1/=:5' 2=' !*&$' *$,,2,' 2=' /$=$.*' .1/'#:45)%'
&:3)5).*)21!')1'":%&'=)$,%$'%23#$*)*)217PQX'C*'(."'.'3.**$,'2='":,6)6.5D' .1/':":.55+'215+'
*&$'!=)**$"*!'%2:5/'":,6)6$7'8&)"'3.+'.5"2'#.,*5+'.%%2:1*' =2,'*&$'$?)"*$1%$' 2='!/)6)")21"!'
.1/'!<:.,,$5"!' ZN'F2,7' N7NQD' NN\'.1/'*&$),'"$,)2:"1$""')1'*&$'F2,)1*&).1'%&:,%&7'C1'*&)"'
%21*$?*D'*&$'F2,)1*&).1'%21=5)%*'(."'$""$1*).55+'*&$',$":5*'2='=)$,%$'%23#$*)*)21'4$*($$1'
*&$!"0$'>.:5D'>$*$,D'.1/'I#2552"' Z$6$1'F&,)"*\7'a&)5$' *&$"$'5$./$,"'*&$3"$56$"' 3)-&*'
12*' #$,"21.55+' .##,26$' 2=' ":%&' :1(.,,.1*$/' %23#$*)*)21D'."' >.:5' &)3"$5=' &./'%5$.,5+'
/21$' ZN'F2,7' N7NMANX\D' *&$),' ,$"#$%*)6$' #.,*)$"' 246)2:"5+'*&2:-&*' 2*&$,()"$7'I"' ":%&D'
*&$"$'$1*&:")."*)%' #.,*+' ":##2,*$,"' ($,$';:"*'4$&.6)1-'."' *&$' 2,/)1.,+'F2,)1*&).1"'/)/D'
.%%2,/)1-'*2'*&$'"2%).5'$*&2"'.1/'#,.%*)%$'2='*&$'*)3$7' C*'(."'%5$.,5+'*&.*'0)1/' 2='"2%).5'
$*&2"' .1/' #,.%*)%$' (&)%&' >.:5' (."' *,+)1-' *2' )16$,*7' I1/' -)6$1' *&$'&)"*2,)%2A"2%).5'
%21*$?*'2='*&$'*)3$D'(&.*'>.:5'/)/'(."'%5$.,5+'.'32"*',)"0+'*&)1-7'
8&$'$"*.45)"&3$1*'2='3."%:5)1)*+'.1/')*"'3.)1*$1.1%$'($,$'":%&'/$3.1/)1-'$?$,%)"$"')1'
*&$' .1%)$1*' @,$%2AB23.1' "2%)$*+' *&.*' `.6)/' @)532,$'&."' .##,2#,).*$5+'%&2"$1' *$,3"'
":%&' ."' !&.,/)1$""!D' !"$5=A/)"%)#5)1$!D'!3.1&22/' %:5*!D' !3.1&22/' )/$252-)$"!D' $6$1'
!/$.*&!' *2'/$"%,)4$' *&$' ")*:.*)217PQ_' W$'$5.42,.*$"R' !3.1&22/' )/$252-)$"'=2,%$'3$1'*2'
"&.#$':#' 21'#$1.5*+' 2='4$)1-' ,244$/' 2=' *&$),' )/$1*)*+D' .' *&,$.*' .##.,$1*5+' (2,"$'*&.1'
I M R
# G07(-'3!46)(*!@6*6-72# NW"#I M Q
# 91%0)-'3!+(0/*1!+#*2#SS"#I M W
# [0T,+#["#9,1/-7%3!+(*5669! /*! '5#!+(0/*1;! 3-.'-7(.! 36*,#:'&! 6A!+(&,-./*/'B# EB%4# ^0T%'@#_01%#
`',T%7),(2#a7%))3#OUUMF3#LLM"#
OQW#
/$.*&7773.1&22/' /),$%*5+' %2,,$5.*$"' ()*&' 3.1A,25$' "*,$""7777I' "#$%).5' 32,.5' "+"*$3'
Z9,$.5'3.1&22/9\' )"',$<:),$/'*2'$1":,$'.'625:1*.,+'.%%$#*.1%$'2='.##,2#,).*$' 4$&.6)2:,'
d' DDPQL'
)1'3$17'
@,$%2AB23.1' "2%)$*+'(."' "2' %233)**$/'*2' *&$' =2,3)1-' ."' ($55' ."' *&$' 3.)1*.)1)1-' 2='
*,:$'3."%:5)1)*+'*&.*'*&$'!9,$.59'3$1'.,$'$?#$%*$/' *2'*.3$'1.*:,$' )1'2,/$,'*2',$%,$.*$'.1/'
425"*$,' *&$' 4.")%'0)1"&)#':1)*"' 2=' *&$),' "2%)$*+[' *&.*' )"D' *2' ,$)16$1*' .1/' #$,#$*:.*$' *&$'
"2%).5' 2,/$,' 4+' ()55 D' *2'%,$.*$'"23$*&)1-'2='6.5:$' =,23'12*&)1-7'J.1&22/')"'.'0)1/'2='
3.5$'#,2%,$.*)21[')*"'&$,2)%'<:.5)*+'5)$"' )1')*"' "$5=A/),$%*)21'.1/' /)"%)#5)1$D')*"' .4"25:*$'
"$5=A,$5).1%$' A' )1'.'(2,/D' )*"' .-$1*).5' .:*2123+7!PNQ' 8&)"'*&$")"' )"' )1%5)1$/' *2' *&)10')='
*&)"'(."'5.,-$5+'*&$'%."$D'*&$1'>.:59"'%&.55$1-$' *2'*&$'%:,,$1*'#$,%$#*)21'2='3."%:5)1)*+D'
(&$*&$,' )1',$5.*)21'*2'&)"'"$5=A#,$"$1*.*)21D'3.11$,' 2='"#$$%&'2,'&)"'2(1'#$,%$#*)21'2='
!($.01$""!D'(."'.'6$,+'/,."*)%')16$,")21'2='*&$'4.")%'"2%).5'$*&2"7'
8&.*' ,&$*2,)%D'()*&' )*"' "*,21-'$3#&.")"'21'3."%:5)1)*+D'(."' .1' $?%5:")6$'-.3$'2=!"0$!
(."' .5"2' 6$,+'$6)/$1*' )1'*&$' =.%*'*&.*' )*'&./' ,)-)/5+' .1/' %21")"*$1*5+' /)6)/$/'&:3.1)*+'
)1*2' *(2'%.3#"D' %&.,.%*$,)E$/' ,$"#$%*)6$5+' 4+' 3."%:5)1)*+'.1/' =$3)1)1)*+D' 2,D' *2' :"$'
@5$."219"'/$"%,)#*)21D'4$*($$1' !*&$'5$-)*)3.*$'.1/'*&$' )55$-)*)3.*$!7PNN' C1'":%&'.'"2%).5'
%21*$?*'.1/'.%%2,/)1-'*2' ":%&' ,)-)/' "2%).5' .1/'-$1/$,'/)6)")21D' )*'3)-&*'4$' .##,2#,).*$'
.1/' ")-1)=)%.1*' *2' ."0' ) =' >.:5' (2:5/' 4$' #$,%$)6$/' 4+' &)"' %,)*)%"' ."' 4$521-)1-' *2'
=$3)1)1)*+' .1/' *&$' !)55$-)*)3.*$!7' C='>.:59"' "2%).5' "*.1/)1-D' .%%2,/)1-' *2' *&$' %:,,$1*'
#$,%$#*)21'.42:*'3."%:5)1)*+D'(."')1/$$/'!)55$-)*)3.*$!D'&2('%2:5/'&$'#2"")45+'5$./'.1/'
$?$,%)"$' &)"'.#2"*25)%'.:*&2,)*+')1'%23#$*)*)21'()*&' *&$'!":#$,A.#2"*5$"!e'^:$"*)21"' 5)0$'
*&$"$' .,$' ,$5$6.1*' 4$%.:"$' >.:5' 2#$,.*$/' )1' !.' =.%$A*2A=.%$' "2%)$*+!' (&$,$' !21$9"'
9,1/-7%3!+(*56692# LLO"#M
# 9,1/-7%3!+(*56692# LLN"#O
# A%%#9*'+%7)-'3!+(&,-./*/'B2! CD!
!"#$
./$<:.%+'."' .'3.1'(."' .5(.+"':1/$,' ":"#)%)21'.1/'21$9"'#$,=2,3.1%$'(."'%21"*.1*5+'
4$)1-';:/-$/7!PN O'
a&.*'&."'4$$1'".)/'"2'=.,'.42:*'3."%:5)1)*+'246)2:"5+'&."'.'-,$.*'/$.5'*2'/2'()*&'!42/+'
5.1-:.-$!' (&)%&' )"' *&$' 3.)1' %21%$,1' 2=' *&)"' *&$")"7' ]2,' *&$' @,$$0"' .1/' B23.1"D'
3."%:5)1)*+D';:"*' 5)0$' %,:%)=)?)21')1'.1*)<:)*+D'&./'4$%23$' .'"+"*$3'2='")-1"' 2,'"+3425"'
4+'(&)%&' #2($,=:5'.1/'$==$%*)6$'!42/+' 5.1-:.-$!' (."'%216$+$/' )1'"2%).5')1*$,.%*)21"7'
C*'(."'*&$'"2,*'2='!42/+'5.1-:.-$!'*&.*'.'3.5$'%&)5/'4$-.1' *2'5$.,1'.*'4),*&'*2-$*&$,' ()*&'
&)"'#,2#$,'#&+")%.5'/$6$52#3$1*' SG2,.1:"D'@+17O7MO'ZNQN\T7P N M'
J."%:5)1)*+'&./'4$%23$' ":%&'.'#.,.32:1*' %21%$,1'.1/'#,$2%%:#.*)21')1'@,$%2AB23.1'
,&$*2,)%'*&.*'*&$'*(2'($,$'#,.%*)%.55+'"+121+32:"'2,')/$1*)%.5'.*'*)3$"7'C1'*&)"'#.,*)%:5.,'
%21*$?*' @5$."21' &."' .1' )1")-&*=:5' %233$1*R' !C1'.'6.5:$' "+"*$3' *&.*' #,)E$/',&$*2,)%.5'
"0)55' ."' *&$' <:)1*$""$1*).5' &:3.1' $?%$55$1%$D' .1/' )1' .' "2%)$*+' "2' "*,:%*:,$/' *&.*' *&)"'
#$,=$%*)21'%2:5/'4$'.%&)$6$/'215+'4+'./:5*'3.5$"D' .,4)*$,"'2=',&$*2,)%'($,$'.5"2'.,4)*$,"'
2=' 3."%:5)1$' /$#2,*3$1*7!PNK' J2,$26$,D' .1' .%%23#5)"&$/' #,$"$1*$,' 2=' ()1"23$'
3."%:5)1$'/$#2,*3$1*'(."' .5"2' ,$-.,/$/' ."' .'!-22/'3.1!7']2,'@:1/$,"21D' ":%&'6.5:$'
;:/-$3$1*'(."' %52"$5+'5)10$/' *2'*&$'/$6$52#3$1*' 2=',&$*2,)%R' !*&$' .:*&2,)*+'2='2,.*2,+'
."'.'#,.%*)%$'2='-22/'3$1'32*)6.*$"'*&$'/$6$52#3$1*'2=',&$*2,)%.5' *&$2,+7!P N P'
@5$."21' &."' =2:1/' *&$' ($55A012(1' 2,' )1=.32:"' #,2=$"")21.5' <:.,,$5"' 4$*($$1' *&$'
"2#&)"*"D' ].62,)1:"' .1/'>25$32D' =."%)1.*)1-7'8&$' =$:/'.5"2' )16256$/' *&$),'#:#)5"'(&2'
($,$' 1.*:,.55+'$?#$%*$/' *2' *.0$' ")/$"7' @5$."21' ,)-&*5+' *&)10"' *&.*' *&$' %."$' "&2:5/'4$'
"$$1'."' !.1' )1*$-,.5'#.,*' 2='3.5$' "2%).5)E.*)217!'G&$' $5.42,.*$"R' !I=*$,' .55D'21$',$."21'
I O L
# 91%0)-'3!+(0/*1! +#*2#SS,,"#I O N
# 91%0)-'3!+(0/*1! +#*2# QM"#I O !
# 91%0)-'3!+(0/*1! +#*2#OM!"#I O I
# 9*'+%7)-'3!+(&,-./*/'B2# U"#
N_Q'
*&.*' *&$"$' ,)6.5,)$"' 4$%.3$' "2' )1*$1"$' (."' *&.*' *&$+' %.3$' *2' ,$#,$"$1*' %23#$*)1-'
#.,./)-3"' 2=' 3."%:5)1)*+D' ."' ($55' ."' %23#$*)1-' %5.)3"' *2' #2($,' .1/' "*.*:"7'
>&)52"2#&$,"D' ."' ($55' ."' "2#&)"*"D'($,$')1*$,$"*$/'#.,*)$"' )1'*&$' "*,:--5$777*2'%5.)3'&)-&'
-,2:1/7!PNV'8&)"'0)1/'2='")*:.*)21'(."'246)2:"5+',$5$6.1*'*2'*&$'F2,)1*&).1'"%&)"37'8&)"'
)"'4$%.:"$D' *2' :"$' @5$."219"' $?#,$"")21D' *&$' F2,)1*&).1'"%&)"3' (."' .5"2' $""$1*).55+' .'
0)1/' 2='!3.5$' "2%).5)E.*)21!D' .1/'*&$'6.,)2:"'#.,*)$"' )1'*&$'1.3$"'2='>.:5D'I#2552"D'.1/'
F$#&."' Z$6$1' !F&,)"*!\'($,$' %5$.,5+' !)1*$,$"*$/' #.,*)$"' )1' *&$' "*,:--5$!D' ,$#,$"$1*)1-'
!%23#$*)1-'#.,./)-3"'2='3."%:5)1)*+D'."'($55'."'%23#$*)1-'%5.)3"'*2'#2($,'.1/' "*.*:"!7'
>.:5'(."' %5$.,5+'$?#,$"")1-'&)"'/$$#'/)".##2)1*3$1*'()*&' *&2"$'%23#$*)1-'F2,)1*&).1"'
4$%.:"$'*&$"$'4$5)$6$,"' &./'.##.,$1*5+' =2,-2**$1'*&$),'F&,)"*).1!*<0$+*+&9' 2,'&./'#5.%$/'
*&$),!'/(*#%' )/$1*)*+'26$,'.1/'.426$'*&.*'2='*&$),!<*:*$0' %.55)1-7'f2:'&./'4$$1' !%.55$/'*2'
4$' ".)1*"!# EV,'A%25$D' .+:1%[D' N'F2,7' N7O\D' >.:5' "25$315+',$3)1/$/' *&$37'U:*'+2:'($,$'
!4$&.6)1-'.%%2,/)1-'*2'&:3.1' )1%5)1.*)21"!' ZM7M\7' !I,$'+2:'12*'3$,$5+'&:3.1e!' ."0$/'
>.:5')1'M7K7'
g1/$,' =)$,%$5+'%23#$*)*)6$'%21/)*)21"')1'*&$'@,$%2AB23.1' "2%)$*+D' !*2'#,$"$,6$' 21$9"'
)1*$-,)*+' ."' .'3.1')"'*2'4$' 5)0$' *&$'.*&5$*$7!PNX'J2,$26$,D'*&$'%23#$*)*2,"'3:"*' .5"2'*,+'
/$"#$,.*$5+' *2' 3.)1*.)1' !.' *,:5+' 3."%:5)1$' #,2=)5$!' (&$,$' !.1' .##,2#,).*$' 5$6$5' 2='
3."%:5)1$'*$1")21')1'-.E$D'(.50D'.1/'-$"*:,$'3:"*'4$'%:5*)6.*$/'4+'%21*)1:2:"'$?$,*)21!D'
.1/'+$*'/2)1-')*')1'":%&' .'(.+'*&.*'*&$'(&25$'.%*'3:"*'1$6$,'4$'.552($/'!*2'.##$.,'#:*'
21!' S5)0$' .1' .%*2,T7 P N _'I-.)1D' )*'(."' 32"*' #,24.45+' )1' *&)"' 0)1/' 2=' "2%)$*+' .1/' :1/$,'
")3)5.,'%),%:3"*.1%$"' *&.*'>.:5'&./'*2'326$'.42:*7'C*',$3.)1"'*2'4$'"$$1') ='*&$'4$.,$,'2='
*&$'!3$"".-$'2='*&$'%,2""!'=$5*'%23#$55$/'*2'%21=2,3'*2'":%&'"2%).5'%216$1*)217'
C1'@,$%2AB23.1'"2%)$*+'-$1/$,' /)==$,$1%$"'($,$'2=*$1'3./$' .%%2,/)1-'*2'326$3$1*'2='
I O R
# 91%0)-'3!+(0/*1!+#*2#QN"#I O Q
# 91%0)-'3!+(0/*1!+#*2#QN"#I O W
# 91%0)-'3!+(0/*1!+#*2#WM"#
OWO#
*&$'&:3.1'42/+D'4$%.:"$')*'"$,6$/'$==$%*)6$5+'."' .'0)1/' 2='!5.1-:.-$!' A'42/+' 5.1-:.-$7'
G)3)5.,5+' /)==$,$1*'"2%).5' %5.""$"' ($,$' .5"2' /)"*)1-:)"&$/' 32,$' 2,' 5$""' )1' *&.*' (.+'
*&,2:-&' *&$'3)1:*).$'2='!42/+'5.1-:.-$!D' 4$")/$"'!*&$'$?*$,1.5'5.1-:.-$' 2='/,$""!7'I"'
*&$' #"+%&252-)"*"' #:*' )*D' !1216$,4.5' 4$&.6)2,' $1%2/$"' #2($,' ($ 5 5 7 ! P N L' 8&)"' (2:5/'
#,24.45+' 4$' *&$' 0)1/' 2=' 4.%0-,2:1/' 2='>.:59"' %,)*)%"' (&$1' *&$+' ;:/-$/' &)"' !42/)5+'
#,$"$1%$!'*2'4$'!($.0!7'
8&$'-,$.*' #2#:5.,)*+'.1/'%&.,3'2='"$5=A#,$"$1*.*)21'3:"*'12*'4$'#$,%$)6$/'1.,,2(5+' )1'
*$,3"' 2=' =2,3.5'%23#$*)*)21'4$*($$1' "2%).5'2,' #25)*)%.5' ,)6.5"7' I"'@5$."21' &."' 12*$/D'
!-,$.*'"2#&)"*"' .1/'/$%5.)3$,"777($,$' 215+'*&$'*)#'2='*&$')%$4$,-!D'4$%.:"$'.55'.,)"*2%,.*"'
($,$'$?#$%*$/' *2'4$' )3#,$"")6$'#:45)%'"#$.0$,"D')1'.55'"2,*"' 2='2%%.")21"' .1/'=:1%*)21"D'
42*&' #:45)%' .1/' #,)6.*$D' )1%5:/)1-' 95$.,1$/' /)"%:"")21"' .*' *&$' 4.*&"9!7' a&)5$'
,&$*2,)%.5'#,.%*)%$'(."'.1'$?%5:")6$'-.3$'2=!"0$9'12*'.55'3$1'($,$!0=)#%1' C*'(."'.'6$,+'
0%*+*'+' -.3$D' ,$"$,6$/' #,$/23)1.*$5+' 2,' $?%5:")6$5+'=2,' *&$' .,)"*2%,.*"7' f$*' 26$,' *&$'
%$1*:,)$"D' ."'@,$%2AB23.1' ,&$*2,)%'&./'#$,3$.*$/' #,.%*)%.55+'*&$' $1*),$'@,$%2AB23.1'
%:5*:,$D' $6$1' *&$' 121A$5)*)"*' .5"2' &./' ")-1)=)%.1*',25$"' *2' #5.+D' ."' *&$' )1/)"#$1".45$'
.:/)$1%$D' 24"$,6$,"D' $6$1' ."' Z"$5=A.##2)1*$/\' !;:/-$"!7' C1' *&)"' "$1"$D' )*' (2:5/' 4$'
,$."21.45$'*2'":--$"*'*&.*'>.:59"' %,)*)%"'2,';:/-$"'(2:5/'#,24.45+'4$'3:%&'5.,-$,'*&.1'.'
=$(' 5$./$,"7' 8&$' 3.-1)*:/$' 2=' *&$' F2,)1*&).1'%21=5)%*' .1/' %,)")"' "&2:5/' #$,&.#"' 4$'
#$,%$)6$/'=,23'*&)"'#$,"#$%*)6$'.5"27'
@,$.*' ,)"0D' &2($6$,D'(."' )16256$/' )1'"$5=A#,$"$1*.*)21' 4+'(&)%&' *,:$'3."%:5)1)*+'(."'
$"*.45)"&$/D'3.)1*.)1$/'.1/'%21"*.1*5+',$1$($/')1'@,$%2AB23.1'"2%)$*+D'4$%.:"$')1'*&$'
%,:$5'.1/'2=*$1':1#,$/)%*.45$'.,$1.'2=',$5$1*5$""' %23#$*)*)21D'*&$'#.,*)%)#.1*'%2:5/'215+'
$1/':#'$)*&$,')1'&212:,'2,'"&.3$7'C*'(."'*&$')1$"%.#.45$' /:*+'2='.'@,$%2AB23.1!"#$'*2'
I O U
# 91%0)-'3!+(0/*1!+#*2#SST,"#I L M
# 91%0)-'3!+(0/*1!+#*2#SSPSS,"#
OWL#
PhN'
4$'%21"*.1*5+' 21'*&$'-:.,/' =2,'*&$'/$=$1%$'2='#$,"21.5' ."' ($55' ."' =.3)5+'&212:,7' !' 8&)"'
)3#2,*.1*'#2)1*'(."' #,24.45+',$5$6.1*' *2'>.:59"'%21=5)%*'()*&' &)"'%,)*)%"7'a&)5$'>.:5' ."'
*&$'!"5.6$!'2,'!=225!'2='F&,)"*'%,:%)=)$/'(."'12*'.*'.55'%21%$,1$/' ()*&'*&$'/$=$1%$'2='&)"'
2(1' !#$,"21.5!' ."' ($55' ."' !=.3)5+' &212:,!D' .%%2,/)1-' *2' *&$' %:,,$1*' "2%).5' $*&2"'.1/'
%216$1*)21D'&$' $6)/$1*5+'*&2:-&*' )*'1$%$"".,+'*2'/$=$1/'*&$' &212:,' .1/' )1*$-,)*+'2='&)"'
2(1! #2/'+/%*(' )/$1*)*+' .1/' )1*$-,)*+' Z$7-7D' N' F2,7' K7NANM[' O' F2,7' NQANM\7' I-.)1D' )*'
,$3.)1"' *2' 4$' "$$1' ) ='.1/' )1'(&.*' (.+'(."' >.:59"'3.11$,' 2='/$=$1/)1-' &)"' .#2"*25)%'
)/$1*)*+'.1/')1*$-,)*+'%21"*)*:*$/'.1')16$,")21'2='*&$'%:,,$1*'"2%).5'$*&2"7'
B$"#$%*.45$'%23#$*)*)21D')1'(&)%&' *,:$' 3.15)1$""' (."' .*' "*.0$D' %2:5/'215+'*.0$' #5.%$'
4$*($$1' 2,'.321-'#$2#5$' (&2'($,$'$<:.5' 2,'.532"*'$<:.5' )1'&212:,'.1/'"*.*:"7'W$1%$D'
.'%&.55$1-$'#,$"$1*$/'*2'.1')1=$,)2,'2,'"23$42/+' ()*&2:*'"2%).5'&212:,'%2:5/'215+'4,)1-'
"&.3$'.1/'&:3)5).*)21' *2'*&$'%&.55$1-$,7POO' C1'*&)"'6$,+'%,:$5'-.3$D'21$' "&2:5/'.5"2'4$'
3)1/=:5'2='*&$'6$,+'")-1)=)%.1*',25$'2='*&$' .:/)$1%$'(&2'2=*$1'.%*$/' ."' *&$' !.,4)*$,'2='.'
":"#$1"$=:5' #,2%$""7!POM' 8&$' ()11$,' 2=' ":%&' .' %23#$*)*)6$' $?%&.1-$' (."' 1.*:,.55+'
*&2:-&*' *2' &.6$' /$=$1/$/' &)"' &212:,D' (&)5$' *&$' 52"$,' (2:5/' &.6$' *2' #:*' :#' ()*&'
$12,32:"' "&.3$'.1/' *&$'/.3.-$'*2'&)"'"*.*:"')1'*&$' %233:1)*+7POK' >.:5' "$$3$/'*2'4$'
,$3)1/)1-' *&$' %23#$*)1-' #.,*)$"' )1' F2,)1*&' 2=' *&$),' =225)"&1$""' .1/' 3)1/5$""1$""D'
4$%.:"$')1' .' =)-&*' "23$'(2:5/' $6$1*:.55+' $3$,-$' ."' ()11$,"' .1/' 2*&$,"' 52"$,"7'a&+'
"&2:5/'*&.*'4$D'")1%$' *&$+'($,$'.55'!()11$,"!')1'F&,)"*'.5,$./+e' ZN'F2,7'M7ONAOM\7'
8&$' 5.%0'2='*,:$'3."%:5)1)*+'(."' .5"2'$?#,$""$/'%21*$3#*:2:"5+' ."' *&$' .##$.,.1%$'2='
!$==$3)1.*$' ")-1"!7' C1' F5$3$1*9"' (2,/"D' !.' 1245$' 3.1' "&2:5/' 4$.,' 12' ")-1' 2='
$==$3)1.%+':#21' &)"' =.%$' 2,'.1+' 2*&$,' #2,*)21'2='&)"' 42/+7'H2,' "&2:5/' *&$' /)"-,.%$'2='
I L O
# ^012-7#:-S'%)3# \^-'-*7# 0'+#A50/%\3# ,'# $,&507+# H "#$-57K0*Y5#E%+"F3! %5#!86,/(.! 8,/#*,#! (*9!"#$!
%#&'()#*'! E*'#7:7#'('/6*# Ea%0K-+2@#^%'+7,&X)-'#a*K1,)5%7)3#OUURF3# OUP!U3# 0(#LM"#I L L
# :-S'%)3# \^-'-*7\3#LM"#I L N
# 91%0)-'3!+(0/*1! +#*2#SS,,,"#I L !
# :-S'%)3\^-'-*7\3#LO"#
OWN#
:13.15)1$""' $6$,' 4$' =2:1/')1'&)"'326$3$1*"' 2,'&)"'#2"*:,$7!' !8&$' 2,/$,5+'3.1!68/!
>/'"*/'7' ,$6$.5"' &)"'"$5=A,$"*,.)1*'*&,2:-&'&)"'/$#2,*3$1*R' &$' )"'/$$#A62)%$/' .1/'"52(A
"*$##)1-D' .1/' &)"' $+$"D' 1$)*&$,' =)?$/' 12,' ,.#)/5+'45)10)1-D' &25/' .' %$,*.)1')1/$=)1.45+'
%2:,.-$2:"'-5$.37!' I"'":%&D' !*&$' "5)-&*$"*' ")-1'2='"2=*1$""'2,' "5.%0$1)1-' ()55' :1/2'
*&$' (&25$' $==$%*' S2='.' 3.1T7! P O X' `)/' >.:59"' F2,)1*&).1'%,)*)%"';:/-$' &)3' )1' *&)"'(.+'
(&$1'*&$+'%21%5:/$/'*&.*'&)"'!42/)5+'#,$"$1%$!'(."' !($.0!e'
c1' *&$' ":4;$%*' 2='$==$3)1.*$'.##$.,.1%$'.1/'4$&.6)2:,' F.$".,'/,.("' .**$1*)21' *2'*(2'
@,$$0' (2,/"7'8&$' (2,/! #$<3/?&$/'9' (&)%&' &$' ,$1/$,"' ."' !$==$3)1.*$!D'(."' :"$/' *2'
/$"%,)4$' *&$' .##$.,.1%$'2='"23$21$'(&2'(."' !4$*($$1' 3.1' .1/' (23.17!'8&$' (2,/'
(*$#0<)'9' 21' *&$' 2*&$,' &.1/D' ,$=$,,$/' *2' "$?:.5' /$6).1%$D' $"#$%).55+' *2' 3.5$"' (&2'
#,$=$,,$/'*2'#5.+'.'!=$3)1)1$!'Z,$%$#*)6$\',25$')1')1*$,%2:,"$'()*&'2*&$,'3$17'U2*&'*$,3"'
($,$':"$/' <:)*$')1/)"%,)3)1.*$5+'2='3$1'2='!$==$3)1.*$'.##$.,.1%$'.1/'4$&.6)2:,7!PO_'
a)*&2:*' /$1+)1-' *&$' -)=*' 2='H.*:,$D' 3."%:5)1$' )/$1*)*+'(."' 12*';:"*' .' "*.*)%' !-)6$1!D'
4$%.:"$D' =2,'*&$' $5)*$'2='@,$%2AB23.1' "2%)$*+D' .'3."%:5)1$' )/$1*)*+'(."' .1' !.%&)$6$/'
"*.*$!7' C*' (."' *&$' ,$":5*' 2=' +$.,"' 2=' &.,/' (2,07' 8&$' =$:/' 4$*($$1' *&$' *(2' ,)6.5'
,&$*2,)%).1"D' >25$32' .1/' ].62,)1:"D' %5$.,5+' "&2($/' *&$' *$1")21' 4$*($$1' !&+#$,A
3."%:5)1$!' .1/' !$==$3)1.*$'/$#2,*3$1*!' .1/' *&$' %,:%).5' ,25$' 2=' "$5=A#,$"$1*.*)217POL'
@5$."21' )"'*&:"' ,)-&*' )1'.""$,*)1-' *&.*' !3.15)1$""' (."'12*'.'4),*&,)-&*7' C*'(."' "23$*&)1-'
*&.*' &./' *2' 4$' (217!'!8&$' /$=)1)1-'5)1$"' 2=' %23#$*)*)6$' "#.%$!' &./' *2' 4$' ,$/,.(1'
,$#$.*$/5+' )1'2,/$,' *2'$?%5:/$'*&2"$'=.,'5$""'#,)6)5$-$/')1'"2%)$*+7'I1/')1'*&)"'3$,%)5$""'
(2,5/' 2=' =)$,%$' ,)6.5,+' .1/' %23#$*)*)21D' .4"25:*$5+' 12' 2*&$,' =2,3' 2=' %23#$*)*)6$'
3."%:5)1$' .%*)6)*+'(."'32,$' !$5$%*,)=+)1-!'*2'42*&'*&$'%23#$*)*2,"' .1/' "#$%*.*2,"'*&.1'
I L I
# D1%/%'(#-8#=1%S0'+7,03!=(#9D# N"OO"QNPQ!"#I L R
# =+0/0'(,*)#L"!U"O"!ONPO!Z"# 91%0)-'3!+(0/*1!+#*2#RO"#I L Q
# 91%0)-'3!+(0/*1! +#*2#RL"#I L W
# D0%)073!%(0/*1! /'2#R!"#I L U
# 91%0)-'3!+(0/*1! +#*2#OIU"#
OW!#
*&$'0)1/'2='!42/+'5.1-:.-$!'%.55$/'!,&$*2,)%!'.1/')*"'/$5)6$,+7'
G)1%$' *&$' .,*' 2=' ,&$*2,)%.5' "0)55D' 2,' *&$' !42/+' 5.1-:.-$!D' &./' 521-' 4$$1' #:45)%5+' .1/'
"2%).55+' .%012(5$/-$/' ."' .' !/$=)1)*)6$' *$"*' 2=' 3."%:5)1$' $?%$55$1%$!D' )*' )"' <:)*$'
:1/$,"*.1/.45$' *&.*' )"":$"' #$,*.)1)1-' *2' ,&$*2,)%.5' /$5)6$,+' 2=*$1' 4$%.3$' !-$1/$,'
)"":$"!D'."'-$1/$,'(."' )*"$5='!.'#,)3.,+'"2:,%$'2='*&$'3$*.#&2,)%.5'5.1-:.-$' ()*&'(&)%&'
#2($,' ,$5.*)21"&)#"' .,$' .,*)%:5.*$/D' )1' 2:,' 2(1' *)3$' ."' )1' .1*)<:)*+!7PMN'I"' ":%&D' *&$'
()11)1-'2,'*&$' 52")1-'#.,*+')1'.'%23#$*)*)21'4$*($$1' $<:.5',)6.5"'2=*$1'/$#$1/$/' :#21'
21$9"' .4)5)*+' *2'$?#2"$'*&$'2##21$1*9"' .55$-$/'$==$3)1.*$'"*+5$D'3.11$,)"3'2,'=$.*:,$"D'
(&)%&'4$*,.+$/'*,:$'3."%:5)1)*+7PMO'
!"I#D-'&1*),-'#
8&)"'#.,*' 2='*&$' *&$")"' 4$-)1"' ()*&' *&$' ,$/)"%26$,+'2='*&$' )3#2,*.1%$'2='@,$%2AB23.1'
,&$*2,)%' =2,'H$('8$"*.3$1*' "*:/)$"D' $"#$%).55+' =2,'*&$':1/$,"*.1/)1-' 2='*&$'F2,)1*&).1'
%21*$?*' .1/' *$?*7'G#$%).5' ,$=$,$1%$' &."' 4$$1' 3./$' *2' .'1:34$,' 2='"%&25.,"' (&2'&.6$'
3./$' ")-1)=)%.1*'%21*,)4:*)21' *2' *&$' ,$/)"%26$,+' 2=' ,&$*2,)%7' 8&$),' #2")*)21"' 21' *&$'
":4;$%*' &.6$' "&2(1'4$+21/' ,$."21.45$' /2:4*' *&.*' .' ,$5.*)6$5+' %5$.,' :1/$,"*.1/)1-'2='
@,$%2AB23.1' ,&$*2,)%')"'$""$1*).5' *2' .1+' "$,)2:"' "*:/+' 2='*&$' F2,)1*&).1'%21*,26$,"+7'
B$=$,$1%$'*2'*&$'6)$("'2='*&$"$'"%&25.,"' )"')33$/).*$5+'=2552($/'4+'.1'$?*$1")6$'":,6$+'
2=' *&$'&)"*2,)%.5'/$6$52#3$1*'2='@,$%2AB23.1',&$*2,)%'=,23'I,)"*2*5$'*2'^:)1*)5).1D'.1/'
)*"' %,:%).5' ,25$')1'.1%)$1*' "2%)$*+D'4."$/'21'#,)3.,+'"2:,%$"7' 8&)"')"'/21$' ()*&' "#$%).5'
$3#&.")"' 21! <0%*:03&' ."' .' =),35+' $"*.45)"&$/' ."' ($55' ."' .'32"*' #2($,=:5' .1/' $==$%*)6$'
!42/+' 5.1-:.-$!' )1'@,$%2AB23.1' "2%)$*+7' G#$%).5' ,$=$,$1%$' )"' 3./$' *2' *&$' "*:/+'2='
@5$."21' ."' ($55' ."' *&$'(2,0"'2='2*&$,' "%&25.,"' 21'*&$' )3#2,*.1*'":4;$%*'2='3."%:5)1)*+'
I N M
# 91%0)-'3!+(0/*1! +#*2# OIU"#I N O
# 91%0)-'3!+(0/*1! +#*2# ORM"#I N L
# 91%0)-'3!+(0/*1!+#*2#ORM"#
OWI#
)1' %52"$' ,$5.*)21'*2' *&$' *&$2,+' .1/'#,.%*)%$' 2='@,$%2AB23.1' ,&$*2,)%' .1/' )*"'/23)1.1*'
,25$')1'*&$'"2%).5'$*&2"'2='*&$'*)3$7'
I"' F2,)1*&' (."' 21$' 2=' *&$' 32"*' )3#2,*.1*' %$1*,$"' .*' *&$' *)3$' 2=' >.:5D' 42*&'
%233$,%).55+'.1/'"2%).55+D'."' ($55' ."' )1'2*&$,'."#$%*"')1'*&$'B23.1'i3#),$D'*&)"'*&$")"'
*.0$"'*&$' 6)$(' *&.*'(&.*'&."' 4$$1'".)/' .42:*' ,&$*2,)%' )1'@,$%2AB23.1' *,./)*)21' (2:5/'
5.,-$5+' 4$' *,:$' )1' F2,)1*&7' 8&)"' 1.*:,.55+' )1%5:/$/' *&$' "2%)$*+9"' #,$2%%:#.*)21' ()*&'
3."%:5)1)*+' (&)%&' (."' %52"$5+',$5.*$/' *2'*&$' *&$2,+' .1/'#,.%*)%$' 2=',&$*2,)%7'H2*'215+'
(."' *&$' F2,)1*&).1'2##21$1*"9' %,)*)%)"3' 2=' *&$' .#2"*5$' >.:5' .' %5$.,' ,$=5$%*)21'2=' *&$'
"2%).5' $*&2"'2=' *&$' *)3$D' *&$' .#2"*5$9"' ,$"#21"$'(."' .5"2' )1/)%.*)6$'2='&)"' 012(5$/-$'
.42:*' *&$' )"":$D' 2*&$,()"$' &)"' #25$3)%"' )1'#."".-$"' ":%&' ."' N'F2,7' O7' NAP' .1/' O'F2,7'
NQ7NQ'(2:5/'4$'<:)*$':1)1*$55)-)45$'*2'*&$',$./$,"7'I"'=.,'."'*&)"'*&$")"')"'%21%$,1$/D' *&)"'
)"';:"*' .12*&$,' $?.3#5$' *2' "&2(' &2(' )3#2,*.1*' .1/' 1$%$"".,+' )*' )"' =2,'*&$'F2,)1*&).1'
*$?*'*2'4$'#:*')1')*"'#,2#$,'&)"*2,)%2A"2%).5'%21*$?*7'
C*' )"' &2#$/' *&.*' *&)"' %&.#*$,9"' "*:/+' 21' @,$%2AB23.1' ,&$*2,)%D' $"#$%).55+' )*"'
#,$2%%:#.*)21'()*&' /$5)6$,+D'!42/+'5.1-:.-$!' .1/'3."%:5)1)*+D'&."'12('#.6$/'*&$',)-&*'
(.+'=2,'.'#,2#$,'$?$-$")"'2='N'F2,7'O7NAP'.1/'O'F2,7'NQ7NQ7'
OWR#
D506(%7#Z,T%@#]S%Y%),)#-8#O#D-7,'(5,0')#L"OPI#0'+#L#D-7,'(5,0')#OM"OM#
I"O#b'(7-+*&(,-'#
8&$'3.)1'%21%$,1' 2='>.,*' C C')"' ,&$*2,)%D')1'%52"$' %211$%*)21' ()*&' >.:59"'/$*$,3)1.*)21'
12*' *2'#,2%5.)3'&)"'-2"#$5' ()*&' !#5.:")45$'(2,/"'2='()"/23!'ZN'F2,7'O7K\7'>.:59"'"$5=A
#,$"$1*.*)21D' ."' ($55' ."' &)"'3.11$,' 2='!"#$$%&!! 6@/&/(97' .1/' !#,2%5.3.*)21!# EV,6*2,,03#
O7K\D' )7$7D'&)"' !/$5)6$,+!D'"$$3$/' *2'&.6$'5$/'*2' &)"' %,)*)%"9' 6$,+'/.3.-)1-' 6$,/)%*'*&.*'
!&)"' 42/)5+' #,$"$1%$' )"' ($.0D' .1/' &)"' "#$$%&' %21*$3#*)45$!' ZO' F2,7' NQ7NQ\7' C1' *&$'
#,$6)2:"'%&.#*$,' /:$',$%2-1)*)21'(."' =),"*' -)6$1'*2'*&$',$/)"%26$,+'2='*&$' )3#2,*.1%$'2='
,&$*2,)%.5'"*:/)$"' )1'H$('8$"*.3$1*' "%&25.,"&)#D'$"#$%).55+')1',$5.*)21'*2'*&$'F2,)1*&).1'
%21*$?*7'8&$'3.)1'4:50'2='%&.#*$,' =2:,'(."'/$62*$/'*2'*&$'"*:/+'2='"23$'2='*&$'2,)-)1.5'
*$?*"'2='@,$%2AB23.1'(,)*$,"D'=,23'I,)"*2*5$'*2'^:)1*)5).1D'21'*&$'*&$2,+'.1/'#,.%*)%$'2='
.1%)$1*' ,&$*2,)%D' $"#$%).55+' 21' /$5)6$,+' ."' !42/+' 5.1-:.-$!7' 8&)"' (."' )33$/).*$5+'
=2552($/' 4+' .' "#$%).5' ,$=$,$1%$' *2' @5$."219"' "*:/+' 21' 3."%:5)1)*+D' (&)%&' (."' .'
/23)1.1*')"":$')1'*&$' "2%).5'$*&2"'2='>.:59"' *)3$7'C*')"'&2#$/' *&.*' *&)"' "*:/+' 21'@,$%2A
B23.1' ,&$*2,)%D' $"#$%).55+' )*"' #,$2%%:#.*)21' ()*&' /$5)6$,+D' !42/+' 5.1-:.-$!' .1/'
3."%:5)1)*+D' &."' 12(' #.6$/' *&$' (.+' =2,' .' #,2#$,' $?$-$")"' 2=' N' F2,7' O7NAP' .1/' O'
F2,7'NQ7NQ7'
C1' N'F2,7' N7N_AMND' >.:5' *220' .'4)-',)"0' *2' %21=,21*'*&$' %:,,$1*' "2%).5' $*&2"' ()*&' !*&$'
3$"".-$'2=' *&$' %,2""7!' W$'3./$' .'"&.,#'%21*,."*' 4$*($$1' /)6)1$'()"/23'.1/' &:3.1'
()"/237' 8&$' 5.**$,' (."' 5.,-$5+' /)"#5.+$/' 4+' ,&$*2,)%.5' $52<:$1%$' )1' )*"' /$5)6$,+D'.'
#,.%*)%$'%&$,)"&$/'32"*'/$.,5+'4+'*&$'@,$$0"' .1/'B23.1"D' )1%5:/)1-'*&$'F2,)1*&).1"7' C*'
(."' >.:59"' .4"25:*$5+':1%23#,23)")1-'%216)%*)21'*&.*' *&$' /)6)1$'()"/23'&./' .5,$./+'
4$$1' ,$6$.5$/' .1/' #2($,=:55+'/$321"*,.*$/' )1'*&$' %,:%)=)$/'F&,)"*7'>.:59"' #25$3)%')1'
N_X'
C 7'N_AMN'"$$3$/'*2'4$' 5.,-$5+'/),$%*$/' .-.)1"*'*&$' :14$5)$6)1-'j$("'.1/'@$1*)5$"' ZN7OO\'
(&2' ($,$' !#$,)"&)1-!' ZN7N_\7'U:*' )1' O7NAP' .1/' O' F2,7' NQ7NQ' >.:5' .##.,$1*5+' &./' &)"'
F&,)"*).1' %,)*)%"' )1'3)1/7'8&$),' %,)*)%)"3' 2='>.:5' .1/' /)".##2)1*3$1*' ()*&' &)3'"$$3$/'
*2'4$'5$""'()*&' &)"'!3$"".-$'2='*&$'%,2""!'.1/'32,$' ()*&' &)"'3.11$,'2='/$5)6$,+'."' ($55'
."' &)"' #$,"21.5' .##$.,.1%$D';:/-)1-' =,23' *&$' )3#2,*.1*' "*.*$3$1*"' ":%&' ."' NQ7NQ' .1/'
C C 7'VD' .5*&2:-&' =2,'>.:5' &)"'3$"".-$'%2:5/' &.,/5+' 4$' "$#.,.*$/' =,23'&)"' /$5)6$,+7'8&)"'
5."*' #2)1*' )"' #.,*)%:5.,5+' )3#2,*.1*D' 4$%.:"$' )1' /$.5)1-' ()*&' *&$' F2,)1*&).1' %,)")"D'
)1%5:/)1-' *&$' .##.,$1*5+' 32,$' #,.%*)%.5' ."#$%*'2=')*D'":%&'."' #,$"$1*.*)21D' 2,'!/$5)6$,+!'
Z!42/+' 5.1-:.-$!\D' >.:59"' 26$,,)/)1-'%21%$,1' (."' *&$' !3$"".-$'2=' *&$' %,2""!' ZN'F2,7'
N7N_[' O7O\7' ]2,' >.:5D' *&$! (/$+0$+' 2='*&$'3$"".-$'"&2:5/' /$*$,3)1$' )*"'#,$"$1*.*)21D' .1/'
12*' *&$' 2*&$,' (.+' ,2:1/7'W2($6$,D' *&$' %,)*)%)"3' 2='>.:59"'F2,)1*&).1'%,)*)%"'."' ($55' ."'
*&$'.#2"*5$9"',$"#21"$'%2:5/'215+'4$'#,2#$,5+':1/$,"*22/' .1/'.##,$%).*$/')1'*&$' %21*$?*'
2=' @,$%2AB23.1' ,&$*2,)%D' $"#$%).55+' )1' )*"' /$5)6$,+' ."' !42/+' 5.1-:.-$!' ."' ($55' ."'
"2%)$*+9"'%21%$#*'2='3."%:5)1)*+7'
>.:59"' /$5)4$,.*$' ,$=:".5' *2' :"$' !52=*+' (2,/"!' 2,' !#5.:")45$' (2,/"' 2='()"/23!' )1' &)"'
#,2%5.3.*)21' 4$%.3$'*&$' 32,$' ")-1)=)%.1*'-)6$1' *&$' =.%*'":%&' ,&$*2,)%' "0)55' %2:5/' ($55'
4$' .*'&)"' /)"#2".57' a)1*$,')"'#,$#.,$/'*2'-2'"2' =.,'."' *2'":--$"*'*&.*'42*&'>&)52'.1/' >.:5'
($,$' )1/$4*$/' *2' @,$$0' ,&$*2,)%' .1/' &./' )1' =.%*' :"$/' *&$),' ,&$*2,)%.5' *,.)1)1-' *2'
26$,*&,2(' *&$' ,&$*2,)%.5'/$6)%$"'2='*&$' "2#&)"*"7' W2($6$,D' ."'a)1*$,'&."' .5"2',)-&*5+'
#2)1*$/' 2:*D' !(&$1' )*'%.3$' *2' *&$' #:45)%' #,$"$1*.*)21' 2='>.:59"'3$"".-$D' &$' 12*' 215+'
,$;$%*$/' 9*&$' -,.1/' "*+5$9' 2=' ,&$*2,)%D' 4:*' .5"2' *&$' #$,":.")6$' *$%&1)<:$"' (&)%&'
)16)-2,.*$/' @,$$0' ,&$*2,)%' ZC' F2,7' O7NAP\7' 8&$' %233$1*"' 2=' &)"' 2##21$1*"' )1' O'
F2,)1*&).1"' NQ7NQ' &.6$' $"*.45)"&$/' &2(' 2*&$,"' ".(' &)"' 942/)5+' #,$"$1%$9' .1/' &)"'
9)1./$<:.*$9' I7V+2)7' >.:59"' .%%2:1*' )1' O' F2,)1*&).1"' NQ7NQ' .1/' NN7VD' #,$"$1*"' .'
<,'(%73!=5/.62# LNQP!N"#
OWW#
!"#$"%&'() $&!'*+(,)-./') .()!"*01)./2()*%(1) 3'.() 4+/51) %'60(3) 7.(5) %$(/8&54) $*90&!06)&%)
5"')$+"90(#/'&!/0:)'./') .()!."%()5"')'")7.(5)$+(/!.&54) &%)(;$0&!/90() <"+)'.() '.("0"4&!/0)
+(/%"5%).() 4&2(%) =>)?"+,) @,AB,CA D E)F&5'(+3%) +(<(+(5!()'")G/*03%) C'.("0"4&!/0) +(/%"5%C)&%)
$/+'&!*0/+06) +(0(2/5') '") '.&%)'.(%&%)7.&!.)'+&(%) '")/+4*()'./')G/*03%) /''(#$') '") &52(+') '.()
H+(!"IJ"#/5) %"!&/0)('."%)"<).&%)'&#()7/%)(%%(5'&/006) "*')"<)C'.("0"4&!/0)+(/%"5%C,)
>5) @,KIAL) /$/+') <+"#) @,@) 7.&!.) +(<(++(1) '") '.() !"+() !"5'(5') "<) G/*03%)#(%%/4()"<) '.()
!+"%%L) '.() +(#/&5&54) <"*+)2(+%(%)7(+() #/&506)!"5!(+5(1) 7&'.) '.() /$"%'0(3%)#/55(+)"<)
$+"!0/#/'&"5,) M5() %."*01) 5"') %&#$06) &5<(+) <+"#) G/*03%) %'/'(#(5') &5) @,K) './') .() ./1)
'"'/006) +(5"*5!(1) +.('"+&!) <"+)'.() %/8()"<)'.() 4"%$(0) #(%%/4(,)-./') '.() 7(00) (1*!/'(1)
/$"%'0() '") 9"'.) '.() N(7%) /51) '.() H(5'&0(%) 7/%) </#&0&/+)7&'.) H+(!"IJ"#/5) +.('"+&!)
%((#%)'")9() 9(6"51) +(/%"5/90()1"*9',) O%)G"4"0"<<)./%) +&4.'06) %/&1L) C'.+"*4.)+.('"+&!/0)
(1*!/'&"5) /51) '.() 4(5(+/0) *%() "<) %$((!.L) '.() PH+(!"IJ"#/5Q) !*0'*+() &'%(0<) 9(!/#()
+.('"+&!/0,CADA) R&'<&5)9(0&(2(%) C96)'.() <&+%') !(5'*+6) '.&%)+.('"+&!/0)'+/1&'&"5)0/6)/')'.()!"+()
"<) "2(+) ./0<) /) #&00(55&*#)"<) H+((8) !*0'*+/0) .&%'"+6,C) O%) %*!.L) &') #&4.') 7(00) 9()
$"%%&90() <"+)G/*0) '") ./2() (#$0"6(1) !(+'/&5) +.('"+&!/0) %8&00%) <"+) '.() %/8() "<) .&%) "75)
!"#$#%&!) 7&'."*')/1"$'&54)'.('(#)*+' #",-!.)&) "<)'.()%"$.&%'%)"+).&%)!+&'&!%L)/51)7&'."*')
!"#$+"#&%&54).&%)"75)?.+&%'&/5)&5'(4+&'6,)>5)</!'L)G/*03%)0(''(+%)7(+()5"')"506)C7(&4.'6)
/51) %'+"54C) /%) .&%) !+&'&!%) %((#(1) '") ./2() /!85"70(14(1) =@) ?"+,) KS,KSBL) '.(6) /0%")
%"*51(1)2(+6) C+.('"+&!/0CL)(2(5) C(0"T*(5'CL) /') '&#(%,) K)?"+,) K,KUIDK)#/6) 9() !&'(1)/%) /)
4""1) (;/#$0(,)
F./') &%) '.() $+(!&%() 5/'*+() "<) @,KIAV) >%) &') W*%') /) C%&#$0() '(%'&#"56C) A D X) "+) C/5)
/*'"9&"4+/$.&!/0) /!!"*5'CVADU) >')&%)"92&"*%06)</+)#"+() './5) './',)-&#"'.6)R&#) &%)!0(/+06)
! " #
$ %&'()*+!"#$%&'$ ,"-.$! " !
$ /0102033+!(&)&*'$ #4.$! " 5
$ 6&(3&'+!"+&,%-.-/$&0'$ 74-.$! " 8
$ 9:**)((+!1#2!3$+*/!45$*/%2'$ 57.$
KUY)
+&4.') '") +(4/+1) &') /%) C'.() $(+%"5/0) #/5&<(%'/'&"5) "<) '.() /$"%'0(3%' /0,#$#%&!' 1-*1&+) &5)
$+(/!.&54,C) A D Y) Z*') R&#) &%) /0%") T*&!8) '") +(!"45&[() './') '.(' /0,#$#%&1!$) /51) '.()
+#1&#$#%&1!$) 7(+() 5"')#*'*/006)(;!0*%&2() &5)'.()!/%()"<)G/*0:) C>')&%) 1&<<&!*0'L) ."7(2(+L)
5"') '") +(!"45&[() './') /) %"!&"0"4&!/0) &5'(+$+('/'&"5L) 5"') '") '.() (;!0*%&"5) "<) 9*')
!"#$0(#(5'&54) '.() '.("0"4&!/0) (;(4(%&%L) &%) /0%") 5((1(1L) <"+) G/*0) &5) '.&%) $/%%/4()
(#$0"6%) '(+#&5"0"46) 7.&!.) '+/1&'&"5/006) 9(0"54%) '") +.('"+&!) /51) /$$(/+%) '") 9()
1&%'&54*&%.&54).&#%(0<)<+"#)'.()"'.(+)$+(/!.(+%)7.")7(+()!&+!*0/'&54)&5)'.() ?"+&5'.&/5%)
!.*+!.,CAES) R&#) <*+'.(+) /+4*(%) './') C&') &%) *50&8(06) './') K)?"+,) @,KIA) &%) /) +.('"+&!/0)
%'+/'(46L) 7.('.(+) /%) /)'/!&')/1#&%%&"5) "<)'.()(<<(!'&2(5(%%) "<)+.('"+&!,,,"+) /%) /5) /''(#$')
'")1&%/+#).&%)/*1&(5!()=(,4,)\&"L'2-3) K@,KA])E@,@<BL)<"+)'.() *%() "<)/)1(2&!()7+"*4.')96)
.*#/5) 7&%1"#)/') '.&%) $"&5') &5) '.() 0(''(+) 7"*01)*5+/2(0) '.() '.(#/'&!) 1(2(0"$#(5') "<)
K,KXI@A)/51) K,@^IDKL) /51)7"*01)!"5'+/1&!') .&%) '.("0"46) "<)'.() !+"%%,CAEK)Z*')/%)F&5'(+)
./%) 5"'(1L) G/*03%) C+(5*5!&/'&"5) "<) /00) '(!.5&!/0) +.('"+&!/0) 1(2&!(%) &5) .&%) 4"%$(0)
$+(%(5'/'&"5,,,7&'.) /) '.("0"46) "<)/)!+*!&<&(1)_(%%&/.C) 7"*01)$*') .&#)C&5)/)$"7(+0(%%)
$"%&'&"5) &5) +(0/'&"5) '") '.() %'/'*%) %'+*!'*+() "<) ?"+&5'.,CA E @)G/*0) 7/%) "92&"*%06) 7(00)
$+($/+(1) '") /!!($') %*!.) /) C$"7(+0(%%) $"%&'&"5CL) 9(!/*%() .() 85(7) <*00) 7(00) './')
"!-!)#4&1!$$5) &')7/%) $+(!&%(06) &5) %*!.) /) 2*05(+/90() $"%&'&"5) './') '.() $"7(+) "<)?.+&%')
!+*!&<&(1)7/%)#/5&<(%'(1) &5).&%)"75)7(/85(%%,)`")7"51(+)_&!./(0)Z*00#"+()!"5!0*1(%)
'./')@,KIA) 5"')"506)!"5'/&5%) C9"'.)'.()!"5'(5') /51)'.()#/55(+)"<)G/*03%)$+(/!.&54CL) &')&%)
/0%")/)!+&'&T*()"<)!*++(5') +.('"+&!/0)(;$(!'/'&"5) /%)7(00) /%) &'%)<&+#06)(%'/90&%.(1) %'/51/+1)
96)7.&!.)/)%$(/8(+)7/%) W*14(1,AE D)
! " 4
$ %)&;;+!62+!4+*/2! 7&+$0/#2+8+$29'$ ##+$ #8.$! " -
$ <.$=.$6&>+$ ?@0($ &'$/)*;A:;&B)$%0*C;$03$%&;C0>+$DA($&'$E)>0';(*:(&0'$ 03$ (F)$GH&*&($:'C$/0I)*?+! :&;1!
,-J,K7-48L+$ 7"8M#-+$:($ 7#!.$! # N
$ 6&>+$ ?%&;C0>?+$ 7#!.$! # 7
$ 6&>+$ ?%&;C0>?+$ 7#4+$ '.$,-.$! # ,
$ %&'()*+!"#$%&'$ 7#8M4.$! # "
$ O&PF:)2$Q.$9A22>0*)+!</=!"->%?*! 1#2&%&)@! &9!A#2/&+$,-%! </@%2B! C0!4D-.$0-/$&0! &9!E!F&+$0/#$-0*! G=EHI!
$0! /#2!($)#/! &9! 3$+*/! F20/>+@! J+2,&HA&.-0! A#2/&+$,-%! F>%/>+2$ KG:'$ R*:'P&;P0S$T'()*':(&0':2$ GPF02:*;$
/AD2&P:(&0'+$ 7--!L+$ ,,7.$
KYS)
F&5'(+) #/8(%) /) %&#&0/+) $"&5') 7.(5) .() %*44(%'%) './') 7.&0() &5) @,KIA) G/*0) C1($(51%)
.(/2&06)"5)+.('"+&!/0)0/54*/4() /51)/00*%&"5%C)=(,4,L)*5($";+&L) -aM-a]L)U*2"TWL&b]L) =c>-^ ^RdRb]BL)
.&%) /$$+"/!.) ./%) 9((5) %./$(1) 96) .&%) 4"%$(0) #(%%/4() /%) 7(00) /%) .&%) +(W(!'&"5)"<) '.()
%"!&/0)!"52(5'&"5%)/%%"!&/'(1)7&'.)$*90&!)%$(/8&54) &5)?"+&5'.,)F&5'(+)'.*%)9(0&(2(%) './')
'.()/$"%'0(3%)0/54*/4()7/%)(%%(5'&/006) C/5'&I%"$.&%'&!,CAEE)
!.,$UV)1);&;$03$7$W0*.$ ,.7M!$
,.7)e16!")EO,Y1LB$ &*H0&X)*f&/!L' !6/785#&9' 8:;<#='#=) e/Y3$ A&*)H0V<YB' ;#5#=' 8:' ##85>*19'
e/'/gg(_I72$ ZY[+2B) -M' :&=#4-:"&#=) ;"M) S\0A.$ KZ%F)'$ T$ P:>)$ (0$ ]0A+$ D*0(F)*;$ :'C$
;&;()*;+$ T$C&C$'0($ P0>)$H*0P2:&>&'1$ (F)$ >];()*]$ 03$ ^0C$(0$ ]0A$ &'$ 203(]$ I0*C;$ 0*$
I&;C0>.ZL$
-.()H+((8) '(+#) e ! < 6 C) =C/51) > L C) "+)C/%) <"+) > L C) C9*') >CBL) /') '.() 2(+6)9(4&55&54)"<) K)?"+,)@,K)
!0(/+06) 1(5"'(%) (#$./%&%,) Z/++('') '+/5%0/'(%) &') /%) C&')7/%) &5) 0&5() 7&'.) '.&%)$+&5!&$0(,CAEA)
F&5'(+) '.&58%)'./')G/*0) &%).(+()#/8&54)/)!0(/+)!"5'+/%')9('7((5) '.() %"$.&%'%) /51).&#%(0<,AE^)
F./'(2(+) '.()!/%()#/6)9(L)7./')G/*0)7/%) %'/'&54).(+()&5)@,K)7/%) !"5%&%'(5') 7&'.)7./').()
./1) %/&1) (/+0&(+) &5) K,KXL) &,(,L) './') .&%) $+"!0/#/'&"5)7/%) 5"') 7&'.) C(0"T*(5') 7&%1"#C)=(2)
/"!W*T!) cMgMaB,) -.&%) $"&5') 7/%) "<) *'#"%') &#$"+'/5!() <"+) G/*03%' !"#$#%&!9) 9(!/*%() &'%)
$(+%*/%&2(5(%%)1($(51(1) 0/+4(06)"5) '.(' 1#.+&+/,.159) 5"') "506) "<).&%)#(%%/4()"<) '.()!+"%%)
9*')/0%").&%'(!..,-) "<)$+"!0/#/'&"5)=C1(0&2(+6CBL) &,(,L)'.()7."0()"<).&%'(#)*+' #",-!.)&3) O%)
%*!.L) '.() 7"+1) (0H"&2) =C!/#(CB) &5)@,K)!"*01)/0%") 9() +(51(+(1) C<&+%')!/#(C) I) C7.(5) >' 8&-+/'
!/#()'")6"*C,)>5)"'.(+)7"+1%L)G/*0)%((#(1)'")9()%/6&54L)Ch+"#)'.()1/6)7.(5'?'8&-+/) !/#()'")
%&'()*+!"#$%&'$ 7#8M4.$
9:**)((+!1#2!3$+*/! 45$*/%2'$ 5,.$
%&'()*+!"#$%&'$ 7!!.$
KYK)
6"*' *./&$' .#@)#6'(#)*+' #",-!.)&) ./%) 9((5)!"5%&%'(5'06) '.() %/#(,C)-.() %/#()7"+1$ _C]I$
7.&!.)+(/$$(/+%)&5)@,D)%((#%)'")./2()'.()%/#()<"+!(,)
-.() 7"+1) *5($";+&) =C0"<'6CB) 7/%) /) !"##"5) '(+#) &5) '.() 0/54*/4() "<) H+(!"IJ"#/5)
+.('"+&!,) >')7/%) !&'(1)96)O+&%'"'0()'")1(%!+&9() '.() C%*$(+&"+&'6C)#(5) "<'(5)<(0')9/%(1)"5)
57=#A9' B==!:&&CD9)/51$ CH)<(Y. ! # 8) O+&%'"'0()/0%") +(<(++(1) '") '.() %(5%() "<) %*$(+&"+&'6) '.()
(0"T*(5') "+/'"+) ./1) "2(+) /4/&5%') '.() &5!"#$('(5') %$(/8(+,AEU)h"+) '.() $+(%(5')(;(4(%&%L)
'.()#"%') +(0(2/5') $"&5')&5)O+&%'"'0(3%)!"##(5') &%)"92&"*%06).&%) +(<(+(5!() '")C"+/'"+6C,)
i"7(2(+L) O+&%'"'0() /0%") !0(/+06) &51&!/'(1) './') '.() 7"+1$ A(<)H0V*&) &5) '.&%) $/+'&!*0/+)
!"5'(;')7/%)5"')!"5<&5(1)%&#$06)'")&'%)+.('"+&!/0)!"55"'/'&"5,)>')/0%")./1)/)4+(/') 1(/0)'")
1")7&'.)%*$(+&"+)%"!&/0)%'/'*%)/!!"+1&54)'")'.()%"!&/0)('."%)"<)G/*03%)'&#(,)M5)'.()H+(!"I
J"#/5) %"!&('63%) $+("!!*$/'&"5) 7&'.) !"#$('&'&"5)/51) +&2/0+6) <"+)%"!&/0) %'/'*%) G"4"0"<<)
!"##(5'%:) C'.&%) 7/%) /0+(/16) &#$0&!&') &5) K,KXL) %&5!(L) /%) 7() ./2() %((5L' !#85E&!3' ;#5#='
7"*01) 5"+#/006)9() '/8(5) /%) %'/'*%I+(0/'(1L) (%$(!&/006) &5)'.() !"5'(;') "<)+&2/0+&(%)/51) '.()
"$$"%&'&"5) '")'.()!+"%%,)-.()5/'*+() "<)'.&%)"$$"%&'&"5)&%)9+"*4.')"*') &5)K,KUI@AL)/%)G/*0)
1(2(0"$%) '.() $/+/1";&!/0) '"$&!) "<) '.() %/2&54) $"7(+) "<) '.() C<""0&%.C) /51) C$"7(+0(%%C)
=0"7I%'/'*%B' ;#5#<)'"M) "'/*$"*) 2(+%*%) '.() 9"/%'(1) $"7(+) =.&4.) %'/'*%B) "<' ##85&!'
O"6"*,CAEY) >') 7/%) $+(!&%(06) &5)+(%$"5%() '") '.() ?"+&5'.&/5%3) $+("!!*$/'&"5) 7&'.) %"!&/0)
%'/'*%)'./')G/*0) ./1) %"0(#506)+(#&51(1) '.()?"+&5'.&/5%)"<)'.(&+).*#90() "+&4&5) &5) K,@ I
@U,)-./')9(&54) '.()!/%(L)G/*03%) &#$"+'/5')1(!&%&"5)5"') '")*%(' (,"#F-:=';#5#=' -:) /"!W5/!])
=C0"<'6)7"+1%)"+)7&%1"#CB)7/%)5"')"506)/)2(+6)%&45&<&!/5')1($/+'*+() <+"#)!*++(5')%"!&/0)
!"52(5'&"5) &5) +.('"+&!/0) !"5'(;'L) &')7/%) /!'*/006) '/5'/#"*5') '") +(5"*5!&54) .&%) "75)
%"!&/0) %'/'*%,)-.()1+/%'&!)5/'*+() "<)'.() /$"%'0(3%)&52(+%&"5)"<)H+(!"IJ"#/5) %"!&/0)('."%)
#*%')/0%")9()$(+!(&2(1) <+"#)'.&%) $(+%$(!'&2(,)
! # 8
$ %&'()*+!"#$%&'$ 7!!.$! # 4
$ Q*&;(0(2)+!A#2/=$ 7"8-:$8.$! # -
$ /0102033+!(&)&*'$ 7",.$
KY@)
-.&%)%&45&<&!/5')'(+#$A&*)H0V*&)7/%)(#$0"6(1)96)\&"1"+*%)'")1(%!+&9()#(53%)!"#$('&'&"5)
<"+) %"!&/0) %'/'*%) '.+"*4.) (0"T*(5!(,AAS) J/6#"51) ?"00&5%)+(51(+%) '.&%)$.+/%($ A&<)H0V3&B$
;#5#=' -:) "!;W*""]) /%) C/12/5'/4() "<) +.('"+&!) "+) 7&%1"#C) 7.&!.) &%) /) +($+&%() "<) '.()
!0(2(+5(%%I"<I%$((!.) #"'&<) "<) K,KX) ="28' 7=) ""'W*T!$ 20]0AL.) C3O12/5'/4(L3) 0&'(+/006)
3.(&4.'%L3) &%) ./$/;) &5) G/*0,) a%(1) #('/$."+&!/006) &') %*44(%'%) 5"') "506) '.() 0"<'&5(%%)"<)
"5(3%)7"+1%)9*')(2(5)#"+() '.()/12/5'/4()'./')/!!+*(%)'")"5()7.")./%) '.()/12/5'/4()"<)
.&4.)4+"*51)&5)/)9/''0(,)G/*0)1(5&(%)'./')7.(5)$+"!0/&#&54)'.()4"%$(0) '")'.()?"+&5'.&/5%)
.()*%(1).&%)"+/'"+&!/0)%8&00%)'")4/&5)/)!"#$('&'&2()(14(,CAAK)
>5) '.() "$(5&54)!./$'(+%)"<) K)?"+&5'.&/5%)G/*0) ./1) !"5%&%'(5'06) *%(1)'.() 7"+1)O, 6"b])&5)
!0"%() !"55(!'&"5) 7&'.' ##85E&!33) -.&%) 7/%) 9(!/*%(L) <"+)G/*0L) &')7/%) 5"')W*%') /56) 8&51)"<)
;#5#19)7.&!.).()/+9&'+/+&06)+(W(!'(1L)9*'';#5#19)9/%(1)"5)""!W*/,)j&5!()/!;W*/)7/%)/0+(/16)/)
7(00) 1(<&5(1) '(!.5&!/0) '(+#) &5)H+(!"IJ"#/5) *51(+%'/51&54) /') '.() '&#() "<) G/*0L) "5()
!"*01) T*&'() +(/1&06)/%%*#()'./') '.()?"+&5'.&/5%)7"*01) 9()T*&'() 7(00) /!T*/&5'(1) 7&'.)&')
/51)'.()!"55"'/'&"5%) !0"%(06)/%%"!&/'(1)7&'.) &',) "')"506)7(+()'.(6) </#&0&/+)7&'.) &'L)'.(6)
/0%")4+(/'06)!.(+&%.(1) /51)2/0*(1) & ' , A A @)
F&'.) +(<(+(5!() '") '.() $+(%(5') $/+'&!&$0() /!'&2(' G2>4!=@@KLL$DH=) &5) @,K) R&'<&5) '.&58%) './')
CG/*03%)2&(7)"<)/)$+(/!.(+)!"5'+/%'(1) %./+$06) 7&'.) './') "<)'.()H+(!"IJ"#/5) "+/'"+,CAAD)
F.&0() '.() H+(!"IJ"#/5) "+/'"+%) <*006) (;$0"&'(1)'.(&+) +.('"+&!/0) %8&00%) '") /!.&(2() '.(&+)
%(0<I%((8&54) 4"/0L)G/*0) /%) /) </&'.<*0)$+(/!.(+)"<)?.+&%') !+*!&<&(1)+(<*%(1) '") <"00"7) './')
8&51) "<) %'60(,) -") +(%"+') '") .*#/5) 7&%1"#L) (%$(!&/006) C(0"T*(5!(C) /51) .*#/5)
C165/#&!C)'.+"*4.)+.('"+&!L)7"*01)9()*57"+'.6)"<)/)</&'.<*0)$+(/!.(+)"<)'.()!+"%%:)C-.()
(#)*+' #",-!.)&) G/*0)/1"$'(1) '")/2"&1)*%*+$&54)'.()$"7(+)"<)'.()!+"%%)&%)%*##(1)*$)&5)
! ! N
$ E&0C0*A;$G&PA2A;+$"#J"!.!.!$! ! 7
$ `.$R.$W022&';+!3$+*/! F&+$0/#$-0*'$ KW022)1)B&22)+$O&''S$^2:a&)*J6&(A*1&P:2$/*);;+$7---L+$774.$! ! ,
$ G:B:1)+! "&M2+'$ 8#M!.$! ! "
$ 6&(3&'+!"+&,%-.-/$&0'$ ,#8.$
KYD)
'.()'(+#'"-#1$!(!/&#.) I) '.()%&#$0(L)%'+/&4.'<"+7/+1)3$0/!/+1&543)"<)'.()!+"%%,C) F.&0()
'.()"+/'"+%) +(0&(1)"5).*#/5)#(/5%)G/*0)1($(51(1) "5)'.()7"+8&54)$"7(+)"<)'.()j$&+&')'")
$+"1*!() '.() 1(%&+(1) +(%*0') 7.&!.)7/%' !/!4&19) =</&'.B,)Z*')R&'<&5) ./%) /0%") +&4.'06)$"&5'(1)
"*')'./') '.()!"5'+/%') .(+()&%)C5"')9('7((5) +(/%"5)/51) &++/'&"5/0&'6C,) >')&%)+/'.(+) 9('7((5)
C'7")1&<<(+(5')7/6%)"<)9+&54&54)0&%'(5(+%)'")%(() '.()'+*'.)"<)'.()H"%$(0C,AAA)
-.(+() ./%) 9((5) %"#() '(;'*/0) 1&%!*%%&"5) "5) '7") $.+/%(%) &5) '.() H+((8) #/5*%!+&$'%:)
*7!+&$&"2) '"M)H("*)/51' I$!"4="&#=) -MM)H("*,AA^)_('[4(+)%*44(%'%) './') <WL/$'*$&"&k) !"*01)
9() /) +(!"00(!'&"5) "<) K, ) 7.(+(/%) #6%'(+6) .(+() C$+($/+(%) <"+) &'%) *%/4() &5) 2(+,) X,C A A X)
?"00&5%) '.&58%)'./') f&*"'+B$&,"2) =C#6%'(+6CL)!<,)@,XB)#/8(%)9(''(+) %(5%()&5)'.()?"+&5'.&/5)
!"5'(;') 7&'.) %$(!&/0) +(<(+(5!() '") '.() (%!./'"0"4&!/0) %&45&<&!/5!()"<)G/*03%)#(%%/4()"<)
'.()!+"%%)7.&!.)./%)9((5)!0(/+06)(;$+(%%(1)&5)K,KU,AAU)
-.() *%() "<) '.() (;$+(%%&"5$ &'V*P&H6b3) '"*) S("*) =C'.() #6%'(+6) "<) H"1CB) (2&1(5'06)
%*44(%'(1)'./')G/*03%)1('(+#&5/'&"5)5"')'")+(%"+') '")C0"<'6)7"+1%)"+)7&%1"#C)7/%)9/%(1)
"5) </+)#"+() './5) W*%'' -0,/#-&1!$) !"5%&1(+/'&"5%,) h"+) G/*0L) &') 7/%) /0%") /)$+"<"*5106)
/0,#$#%&1!$) &%%*(,) O%) /) 9(/+(+) "<) '.() #(%%/4() "<) '.() !+"%%) G/*0) 7/%) /9%"0*'(06)
!"52&5!(1) './') .()./1)9((5)!"##&%%&"5(1)5"') '")C1(0&2(+C)/5)(0"T*(5') .*#/5) %$((!.L)
9*')'")$+"!0/&#)C'.()#6%'(+6)"<)H"1C,) >5)G/*03%)!/%(L)&')7/%) '.(' 1#./,./) "<)'.()#(%%/4()
'./') *0'&#/'(06)1('(+#&5(1) '.(' (!..,-) "<) '.() %$((!.,)-.&%) !0(/+06) 1&%'&54*&%.(1) G/*0)
<+"#)'.()H+(!"IJ"#/5) "+/'"+)"<)'.()'&#()<"+)7."#)'.('(!..,-) "<)C1(0&2(+6C)7/%)W*%')
/%)&#$"+'/5')/%L)/51)$(+./$%)#"+()%")'./5L)'.('1#./,./) "<)'.()%$((!.)&'%(0<,)
! ! #
$ 6&(3&'+!"+&,%-.-/$&0'$ ,#8.$! ! !
$ 6&(3&'+!"+&,%-.-/$&0'$ ,#4.$! ! 5
$%F&2)$A:H(AH&0B$KZI&(');;ZL$ &;$;AHH0*()C$D]$_P
+$ 9+$E+$^+$/+$ ""+$47+$;]*F
+$ cA21:()+$:'C$*):C&'1;$&'$
b*&1)'+$ WF*];0;(0>$:'C$ d)*0>)+$ 'A0V*&H&0B$ KZ>];()*]ZL$ F:;$ ):*2]$ D:Pe&'1$ &'$ (F)$ 9):((]$ /:H]*A;+$(F)$
W0C)V$G&':&(&PA;+$:'C$:$'A>D)*$03$6:(&'$3:(F)*;.$! ! 8
$ 9*AP)$O.$O)(a1)*+!C!12D/>-%! F&..20/-+@! &0! /#2!J+22K! :2M!12*/-.20/B! C! F&.5-0$&0! N&%>.2!/&!/#2!
O0$/2P! Q$8%2! <&,$2/$2*?! J+22K! :2M!12*/-.20/$ K,'C
$ )C.X$60'C0'X$@)I$f0*eS$g'&()C$9&D2)$G0P&)(&);+$ 7--#L+$
#4N.$! ! 4
$ W022&';+!3$+*/! F&+$0/#$-0*'$ 774+$77!M5.$
KYE)
O%) ./%) /0+(/16) 9((5) #/1() %*<<&!&(5'06)!0(/+) &5)'.()(;(4(%&%)"<) K,KUIDKL) G/*0) 7/%)5"')
+(W(!'&54).*#/5)7&%1"#)W*%')!"5!($'*/006)"+)&5'(00(!'*/006,)i()7/%)'+6&54)'")1(#"0&%.)/)
7(00) (%'/90&%.(1' +5+/,() 7.&!.) ./1)9(!"#() /5)/0'(+5/'&2()'")H"13%) 7/6)"<)%/02/'&"5)"+)
&5)+(/0)1/54(+)"<)9(!"#&54)%",)
O%) /'+5+/,() &')7/%) "506) 5/'*+/0)'./') ""!Wk&/)%."*01)./2() 9((5) <*006) &5'(4+/'(1L) '"4('.(+)
7&'.' ;#5#199)&5'") '.() 7."0() %"!&/0) ('."%) "<) /) !&'6) 0&8() ?"+&5'.,) M5) '.&%) G"4"0"<<)
(0/9"+/'(%:) C7.(5'!#85>!)/51)O, 6"b])/+()!"#9&5(1)&5)/5!&(5')*%/4(L)'.(6)<+(T*(5'06)&#$06)
</+)#"+()'./5)W*%')'(!.5&!/0)%8&00)/')0/54*/4(,'J!/0,-9) '.(6)&#$06)/)7."0()7"+01)"<)%"!&/0)
%'/'*%)+(0/'(1)'")%$((!.,)>5)'.()H+(!"IJ"#/5)#&0&(*)"<)?"+&5'.L)"5()7.")7/%)1(%!+&9(1)
/%) %$(/8&54' 7=) ""=N5/' 7#5#=) 7"*01) ./2() 9((5) *51(+%'""1) '")9() /5) (1*!/'(1L) !*0'*+(1)
&51&2&1*/0) 7.")!"*01) %$(/8) '") /)4+"*$) /9"*') /) %*9W(!') &5)/)#/55(+) 7.&!.) $(+%*/1(1)
'.(#) 96) (2&1(5!() /51) /+4*#(5') $+(%(5'(1) &5) /) %*&'/90() %'60(,,,,j*!.) %$((!.)
!"##*5&!/'(1) 5"') W*%') '.() %*9W(!') #/''(+L) 9*') /0%") (;$0&!&'06) "+) &#$0&!&'06)
!"##*5&!/'(1)'.()!./+/!'(+) /51)/*'."+&'6'K,/0#+L) "<)'.()%$(/8(+,CAAY)
,.,) S ^) gblG) m!$&21) ;&) (0j(2"/' 7=) **&2) (') fW<f) 3>5""M2) c$'";"2) e / n) -MM-M>k)
("+/*$"*&2"2,$ KZR0*$T$ C)P&C)C$ (0$ e'0I$ '0(F&'1$ :>0'1$ ]0A$ )VP)H($ d);A;$ WF*&;(+$
:'C$F&>$P*AP&3&)C.ZL$
O%) ./%) /0+(/16) 9((5) 5"'(1) (/+0&(+L) '.(' (#)*+' #",-!.)&) /1"$'(1) 96) G/*0) &5) '.()
$+"!0/#/'&"5) "<) '.() 4"%$(0) 7/%) *0'&#/'(06)9/%(1) "5' /0,#$#%&1!$) !"5%&1(+/'&"5%,) @,@) &%)
/5"'.(+) 4""1)(;/#$0(,)i(+()'.()H+((8' 5!") =C<"+CB)&51&!/'(%) 5"')"506) /)!/*%/0)+(0/'&"5)
9('7((5) 2(+%(%) K)/51) @L) 7.(+(96) 2(+%() @) (;$0/&5%) '.() <&+%') 2(+%(L) &') /0%") $+"2&1(%) /)
/0,#$#%&1!$) +(/%"5) 7.6)G/*0) 1&1)5"') !"#() '")?"+&5'.) $+"!0/&#&54).&%)#(%%/4()"<)'.()
! ! -
$ /0102033+!(&)&*'$ !#.$
KYA)
!+"%%) &5) C0"<'6) 7"+1%) "+) 7&%1"#C,' E$-:##==' ;"&#MN=! "#$) -Ma-M>k' 7!4!="#&:&7=#=) =CN(%*%)
?.+&%'L) /51) .&#)!+*!&<&(1CB)7/%) /)$+"<"*5106'/0,#$#%&1!$) %'/'(#(5') /9"*') G/*03%) !"+()
#(%%/4(,) -.() 2(+9) (;$&+(() =C1(!&1(1CB) 1(5"'(1) /) %(+&"*%) 1('(+#&5/'&"5) /51) <&+#)
!"##&'#(5')"5)'.()$/+')"<)'.()#(%%(54(+)"<)'.()4"%$(0,)>')7/%)/)!+*!&/0)1(!&%&"5)7.&!.)
7/%)!0(/+06)/51) <&+#06)+(%"02(1) &5)G/*03%)#&51' N,8#-,) .()!/#(' K7;<*H=L) '")?"+&5'.,)-.()
%."+') $.+/%() C'") 85"7)5"'.&54C)="*) -R) (0U(2"/B)7/%) !0(/+06)*%(1) 7&'.) 4+(/') (#$./%&%)
/51)./1)'.()!+*!&<&(1)?.+&%')/%)G/*03%)"506)<"!*%,)
O%) ./%) /0+(/16) 9((5) %."75) &5)!./$'(+) "5() &5) &'%) %'*16) "5) '.() "+&4&5) /51) $+/!'&!()"<)
!+*!&<&;&"5) &5)'.()/5!&(5') 7"+01L) '"4('.(+) 7&'.) '.()(;(4(%&%)"<) K,KUIDKL)?.+&%')!+*!&<&(1)
./1) (2(+6) +(/%"5) '") 9() +(4/+1(1) /%) C%'*#90&54) 90"!8) '") N(7%) /51) <""0&%.5(%%) '")
H(5'&0(%C) =K,@DB,) `"7) './') G/*0) ./1) $*+$"%(06) /1"$'(1) /' (#)*+' #",-!.)&) &5) '.()
$+"!0/#/'&"5) "<)'.&%)#(%%/4()"<)C%'*#90&54)90"!8C)/51) C<""0&%.5(%%CL) '.()*59(0&(2&54)
N(7%)/51)H(5'&0(%)7"*01) 5"')"506) <&51) .&%'(,++!%,) &'%(0<) '"'/006)*5/!!($'/90(L) 9*') /0%")
'.('(!..,-) "<).&%)$+"!0/#/'&"5)./1)5"7)9(!"#()!"5'(#$'&90(,)
-.()7"+1) (";/*$!"&&(2"2) =C!+*!&<&(1CB)7.&!.) ./1) /0+(/16) 9((5) *%(1) 96)G/*0) &5) K,@D) &5)
'.() <"+#)"<) $(+<(!')$/%%&2()$/+'&!&$0()&5)'.()H+((8L)+(/$$(/+%).(+()&5)@,@,)>5)9"'.)!/%(%)
'.()H+((8)$(+<(!')'(5%()7/%)!0(/+06)#(/5') '")1(%!+&9() /5)/!'&"5)"+)(2(5') './')"!!*++(1)&5)
'.()$/%')/51) &'%)(<<(!')!"5'&5*(1) &5'")'.()$+(%(5',)-.*%L)7.(5)G/*0) $0/!(1) '.() <"!*%)"5)
C?.+&%')!+*!&<&(1C)/%)'.()!"+()#(%%/4()"<).&%)4"%$(0).()7/%) &5)(<<(!')%*44(%'&54) './') '.()
!+"%%)./1)5"')9((5)!/5!(00(1)"*')96)/00)'.()(2(5'%)'./')%*9%(T*(5'06) <"00"7(1L)&5!0*1&54)
?.+&%'3%) +(%*++(!'&"5L) %") './') ?.+&%') !+*!&<&(1) 9(!/#() '.() 2(+6) 8(6) '") *50"!8) '.()
C#6%'(+6)"<)H"1C)=@,KB,)
N"%($.)R&4.'<""')'/8(%)'.()$.+/%()C'")85"7)5"'.&54C)'")%&#$06)#(/5) C >) 1&1)5"')'+"*90()
#6%(0<) /9"*') '.()85"70(14()"<)/56'.&54)(0%(,CA^S) >')7/%) !0(/+06)&5'(51(1) '") (#$./%&[()
G/*03%) %&540(I#&51(15(%%) !"5!(+5&54) '.() 4"%$(0) #(%%/4() /%) 7(00) /%) .&%) <&+#)
!"##&'#(5')'")&'%)$+"!0/#/'&"5,)j!.+/4(3%)H(+#/5)+(51(+&54)&%)%&#$06'O.&10/+' !.),-,+'
0!/' P!*$*+' @&++,.' @#$$,.O) =5"'.&54) (0%() ./%) G/*0) 7/5'(1) '") 85"7B, A ^ K) h(() +&4.'06)
T*/0&<&(%)&')96)/11&54)'./') C'")85"7)5"'.&54C)1"(%)5"')#(/5) './')G/*0)+(W(!'(1)/00)"'.(+)
P)0$
85"70(14(])+/'.(+L)G/*0)./1)/)%&540(I#&51(1)<"!*%)"5)?.+&%')!+*!&<&(1,)
H"+#/5)'+/5%0/'(%)@,@)/%:) C >) 1(!&1(1) '")85"7)5"'.&54)/#"54) 6"*)(;!($') N(%*%)?.+&%')I
'./')&%L)N(%*%)?.+&%''1-*1&8&,)3O) H"+#/5)$+(<(+%)'.&%)'+/5%0/'&"5)9(!/*%()"<)&'%)!0(/+)<"!*%)
/51) (#$./%&%) "5) '.() !+*!&<&;&"5) "<)N(%*%,)i() '.&58%) './') C&5)!"5'(;'C) '.() 7"+1%) C'")
85"7C)#(/5) %"#('.&54)0&8()C'")(;$(+&(5!() /51)'")/55"*5!() &5)7"+1)/51)1((1C)7.&!.)&%)
2(+6) C!"#$+(.(5%&2(,C) H"+#/5)/4+((%)7&'.)i/5%) e&&54) './')G/*0) %*!!((1(1)#"+()'./5)
/56"5()7.(5).()(;$+(%%(%)'.()*0'&#/'()1&%'&54*&%.&54)<(/'*+()"<)?.+&%'&/5&'6:)'.() C!+"%%I
!(5'+(1) <"!*%,CA^D)H"+#/5) &%) +&4.') &5) ."01&54)'./') C&')&%) 5"') &51((1) /%) +&%(5L) (;/0'(1L)
0&2&54L) 1&2&5(L)9*')/%)!+*!&<&(1L)'./')'.&%)N(%*%)?.+&%')&%)1&%'&54*&%.(1)*5#&%'/8/906)<+"#)
'.()#/56)+&%(5L)(;/0'(1L) 0&2&54)4"1%)/51)1(&<&(1)<"*51(+%)"<)+(0&4&"5L) <+"#)'.()?/(%/+%L)
4(5&*%(%L)/51).(+"(%)"<)7"+01).&%'"+6,CA^E)
,.") e/6"B' 7=' !#<,=,&!) e??>' 7=) =<&"$d) &!(1'7=) '$"*d) &+"OO!NB'75Q3=R:&/:=)&+$"b])**/!L)
KZQ'C$T$P:>)$(0$]0A$&'$I):e');;$ :'C$&'$3):*$:'C$&'$>APF$(*)>D2&'1.ZL$
-.()/9%(5!()"<)!(+'/&5)1('/&0%)&5)'.&%)2(+%()./%)$*[[0(1)%!."0/+%) /51)4(5(+/0)+(/1(+%)
! 5 N
$ d.$9.$6&1F(300(+!:&/2*! &0!/#2!45$*/%2*! &9!</!"->%! 9+&.! O05>8%$*#2P! F&..20/-+$2*$ K60'C0'S$O:P>&22:'+$
74-!L+$ 787.$! 5 7
$ GPF*:1)+!62+4+*/2! Q+$29'$ 7.,,8.$! 5 ,
$ R))+!1#2!3$+*/! 25$*/%2'! RG=!! 5 "
$ ^0*>:'+!F+>,$9&+.$/@'$ 7.$! 5 #
$ ^0*>:'+!F+>,$9&+.$/@'! G=!
KYX)
/0&8(,) -.() <"00"7&54) 2&(7%) .(0$) '") &00*%'+/'() '.() !"#$0(;&'6) "<) '.() &%%*() /51) '.(6)
&51&!/'() './') '.() 2(+%() /00"7%) <"+)2/+&"*%) $"%%&90() &5'(+$+('/'&"5%,) j/2/4()./%) +/&%(1) /)
5*#9(+) "<)T*(%'&"5%) +(4/+1&54)'.&%)$*[[0&54)2(+%(:)CF.6)7/%)G/*0) /<+/&1V)\&1).() '.&58)
.&%) </&0*+() &5) O'.(5%) 7"*01) 9() +($(/'(1) &5) ?"+&5'.V) F/%) .() %(5%&54) /) $(+%"5/0)
&5/1(T*/!6) <"+)'.()#&5&%'+6V)F/%).() &5'&#&1/'(1)96) 0/+4()!+"71%V)F/%) .()/5'&!&$/'&54)
$(+%(!*'&"5VCA^A) j/2/4(3%) T*(%'&"5%) !"*01) 9() (/%&06) #*0'&$0&(1,) j/2/4() ./%) +(/1&06)
/%%*#(1)'./')G/*03%)#&%%&"5) &5)O'.(5%) 7/%) /) C</&0*+(C,)-.&%)'.(%&%)7&%.(%) '") T*(%'&"5)
%*!.) /5)/%%*#$'&"5,) j/2/4(3%)/%%*#$'&"5) &%)"92&"*%06)9/%(1)"5)O!'%) KX,)Z*')'.()%/#()
$/%%/4()/0%")!0(/+06)%'/'(%) './') C%"#()"<)'.(#) P'.()O'.(5&/5%Q)W"&5(1).&#)/51)9(!/#()
9(0&(2(+%L) &5!0*1&54)\&"56%&*%)'.()O+("$/4&'()/51)/)7"#/5)5/#(1)\/#/+&%L)/51)"'.(+%)
7&'.)'.(#C)=KX,DEB,)-.()!"52(+%&"5)"<)C'.()O+("$/4&'(C)/0"5()7/%)!(+'/&506)5"')/)%#/00)
#/''(+,) >5)</!'L)(2(5) & <)5")!"52(+%&"5) /!'*/006)'""8)$0/!(L)G/*03%)"$$"+'*5&'6)'")/11+(%%)
%*!.) /)1&%'&54*&%.(1) 4/'.(+&54) /') '.()O+("$/4*%) /51) '")1(9/'()7&'.) '.()o$&!*+(/5) /51)
j'"&!)$.&0"%"$.(+%)7/%)/0+(/16) 2(+6)+(#/+8/90(,)
?"00&5%) %*44(%'%) './') CG/*03%) %(0<I1($+(!&/'&"5) &%)$/+') "<).&%) +.('"+&!/0) /$$(/0,)O5!&(5')
+.('"+%) %*!.) /%) >%"!+/'(%)/51)\&")?.+6%"%'"#)"<'(5)2"&!(1)/)8&51) "<)#"!8).*#&0&'6) %")
/%) '") 7&5) '.() 4""1) 7&0 0) "<) '.(&+) /*1&(5!(,) `"5('.(0(%%L) G/*03%) 1(%!+&$'&"5) "<) .&%)
7(/85(%%)#/6) +(<0(!') .&%) +(/0) %&'*/'&"5) /%) 7(00) /%) .&%) +.('"+&!/0) %'+/'(46) =!<,) @) ?"+,)
KK,K^I@YB,CA^^)>') &%) ./+1) '") 85"7) &<)G/*03%) %'/'(#(5')7/%) +(/006)$/+') "<).&%) C+.('"+&!/0)
/$$(/0C)"+) C%'+/'(46C,)
-.&%(0'"5) '.&58%) './') '.() (;$+(%%&"5' 7=) !$"$!$)eM?>'7=' M"#:*#) !"*01) 9(%') 9() *51(+%'""1)
7&'.) %$(!&/0) +(<(+(5!() '") G/*03%) C%(5%() "<) +(%$"5%&9&0&'6) 9(<"+() H"1) '") <*0 < & 0 0) H"13%)
! 5 !
$ G:B:1)+! "&M2+'$ 8,.$! 5 5
$ W022&';+!3$+*/! F&+$0/#$-0*'$ 775.$
KYU)
!/00C,) -.&%(0'"53%) %*44(%'&"5) .(+()&%) .(0$<*0L)9(!/*%()/%) </+)/%)G/*0)7/%)!"5!(+5(1L)&')
7/%) &51((1) /5)/7<*0)+(%$"5%&9&0&'6)&5)$+"!0/&#&54)C'.()#(%%/4()"<)'.()!+"%%C)7.&!.)'.()
$+(/!.(+).&#%(0<) /0+(/16)85(7)7"*01) *0'&#/'(06)1('(+#&5() '.().(/+(+%3) ('(+5/0)1(%'&56L)
(&'.(+) %/02/'&"5)"+)1/#5/'&"5) =K)?"+,) K,KUB,)G/*03%)+(%$"5%&9&0&'6)9(!/#().(/2&(+) %&5!()
.() .&#%(0<) /0+(/16) 85(7) './') .&%) #(%%/4() "<) '.() !+"%%) 7"*01) 9() "<<(5%&2()'") .&%)
/*1&(5!() 7.") 7"*01) "506) 7(0!"#() /51) /$$+(!&/'() '.&54%) './') 7(+() $"7(+<*0) /51)
40"+&"*%)/!!"+1&54)'")'.()!*++(5')%"!&/0) ('."%,)
F(09"+5) %*44(%'%)'./')G/*0)#&4.')./2()$"+'+/6(1).&#%(0<) /%)/)7(00)85"75)<&4*+()&5)'.()
#&#(L) "+) '.() 9(<*110(1)"+/'"+:) CG/*0) (2"8(%) '.() 7(00I85"75) <&4*+()"<) '.()9(<*110(1)
"+/'"+) &5) '.() /!!"*5') "<) .&%) /$$(/+/5!() /51) $+"!0/#/'&"5) /') ?"+&5'.) &5) @,KIAL) /)
1(%!+&$'&"5)7.&!.)#*%')./2()%'+*!8)i(00(5&%'&!)(6(%)/51)(/+%)/%)/)2&+'*/0) !/+&!/'*+(,CA^Y)
F(09"+53%)%*44(%'&"5) %((#%)'")./2()'.()%*$$"+')"<)%"#()!0/%%&!/0)(;/#$0(%,) ?&!(+")7/%)
$"+'+/6(1) /%) /)!"#&!) <&4*+(:)C6"*)/07/6%) !"#() '") '.() !"*+') '+(#90&54L)/%) & <)6"*)7(+()
4"&54) '") <&4.') /%) /) 40/1&/'"+L) /51) /<'(+)*''(+&54)/)<(7)7"+1%) &5) /)#((8) /51)./0<I1(/1)
2"&!(L) 6"*)'/8() 6"*+)0(/2(,CAXS)-.()%$((!.)"<)'.()(#$(+"+) ?0/*1&*%)7/%) '."*4.') '")9()
C!"5<*%(1)#*#90&54C)/51)C*5&5'(00&4&90(C,AXK) p(*%)7/%)$"+'+/6(1)/%)/)<""0&%.)"+/'"+:) C >)
/#) !"5<*%(1) &5)'.() .(/1) /51) '+(#90&54)/51)#6)'"54*() %((#%)'") 9() '&(1,C A X @)F(09"+5)
(0/9"+/'(%:) C0&8() j(5(!/3%) ?0/*1&*%L) G/*0) &%) 7(/8) /51) &#$"'(5',) R&8() R*!&/53%) p(*%L)
G/*0) &%) <+&4.'(5(1)/51) !"5<*%(1,) R&8() i(+"1/%3) 3%'/##(+(+3) Z/''/+"%L) G/*0) '+(#90(%)
9(<"+().&%) /*1&(5!(,CAXD)
<F&;)2(0'+!1#2!3$+*/! 45$*/%2'$ ,7".$4
$ GPF*:1)+!62+!4+*/2! Q+$29'$ ,,-.$-
$ %)2D0*'+!3&&%'$ -4.$N
$ W:;;&A;$#5.8.$7
$ G)')P:+!C5&,=$ !.,X$ 5.7M,.$,
6AP&:'+! S>5=! 1+-)=$ 7#.$"
$%)2D0*'+!3&&%'$ -4.$
KYY)
j"!+/'(%)./1)9((5) 1(%!+&9(1)96)?/00&!0(%)/%) /)C<""0CL)7."%() %$((!.)7/%)#"+()9(<&''&54)
'") /) %0/2() =A"*O.0&<H)<<)hXL+) /51) /$$(/+(1) +&1&!*0"*%) =e/+/6(O/"-M2B) /51) *5#/506)
K!=!=N"#=L) &5) <+"5') "<) .&%) /*1&(5!(,AXE) F(09"+5) '.&58%) './') CG/*0) <"00"7%) /) j"!+/'&!)
$+(!(1(5') &5)#/8&54).&#%(0<)/51).&%)#/55(+)"<)%$(/8&54)'.()"9W(!')"<)$/+"16,C)
F.&0()q*&5'&0&/5) (#$./%&[(1) './')/5)"+/'"+)#*%')./2() %'+(54'.)/51)!"5<&1(5!(L).()/0%")
/4+((1) './') C'.(+() &%)/0%") /)!(+'/&5)'/!&')/$$+"2/0)'")9()7"5)96)$+"!0/&#&54)'./')7()/+()
7(/8L)*5$+($/+(1L) /51)5")#/'!.)<"+)'.()'/0(5'%)"<)'.()"$$"%&54)$/+'6C) =E,K,UB,)
F(09"+53%) <&51&54)1(%(+2(%)%(+&"*%)!"5%&1(+/'&"5,)i"7(2(+L)W*%') 0&8()%"#()"<)'.()2&(7%)
'./')./2()9((5) !&'(1L)&')&%)(T*/006)1&<<&!*0')'")9()!(+'/&5)& <)%*!.)7/%) &51((1)'.()!/%()7&'.)
G/*0,)h"+)"5() '.&54L)(2(5)4+/5'(1) './')G/*0)7/%)85"70(14(/90()/9"*') '.()'+/1&'&"5)!&'(1)
96)F(09"+5L)&')7/%)T*&'()/5"'.(+) '.&54)'")%*44(%')'./') '.() /$"%'0() ./1) &5)</!')<"00"7(1)
%*!.)/)'+/1&'&"5)7.&!.)7/%)9/%(1)"5)/)2(+6)1&<<(+(5')7"+01)2&(7)<+"#)G/*03%)"75,)
i/2&54)%'/'(1) '.()!"+()4"%$(0)#(%%/4()#"%')!"5!&%(06)9*')$"7(+<*006)&5)@,@L)G/*0)&5)@,D)
+(2(/0(1) "$(506) '") .&%) ?"+&5'.&/5)+(/1(+%) ."7) .() <&+%') !/#() '") ?"+&5'.) &5) '(+#%)"<)
#/55(+) /51) <((0&54:)C&5)7(/85(%%)/51) &5)<(/+)/51) &5)#*!.) '+(#90&54C,) -.() %'/'(#(5')
9(!/#()'.()#"+()#(/5&54<*0)/51) +(2(/0&54)&5)!"#$/+&%"5) /51)!"5'+/%') 7&'.) 7./')G/*0)
./1) %/&1) (/+0&(+) &5) @,K) 7.&!.) 7/%) /0%") /9"*') .&%) <&+%') C!"#&54C)'") '.()?"+&5'.&/5%,)
CR"<'6)7"+1%)"+)7&%1"#C)&5)@,K)/51)C7(/85(%%,,,<(/+)/51,,,'+(#90&54C)&5)@,D)5"7)<"+#)
/) 2(+6) &5'(+(%'&54) !"5'+/%',) G/*03%) ?"+&5'.&/5) 0(''(+%) /+() <*0 0) "<) %*!.) !"5'+/%'%) "+)
!"#$/+&%"5%,) >5)'.()'7")?"+&5'.&/5) 0(''(+%).(+()&%)'.() <&+%')'&#()7.(+()G/*0)'/08(1)/9"*')
.&%) "75) C7(/85(%%C' K!!<7=,&!L9) /0'."*4.) .() ./1) /0+(/16) +(<(++(1)'") H"13%) "+)N(%*%3)
C7(/85(%%C) (/+0&(+) &5) K,@A,) -.()#/''(+)"<)C7(/85(%%C) &%)+/&%(1) /4/&5) &5)E,YIKDL)@)?"+,)
! 8 #
$ /2:(0+!J&+)=$ #4!$ 9MW.$! 8 !
$ %)2D0*'+!3&&%'$ -4+$! 8 !
$ %)2D0*'+!3&&%'$ -4M-.$
,NN$
^ ,E IKS) /51) K@ ,XIKS) 7&'.) !"5%&1(+/90() &00*%'+/'&"5%)/51)(0/9"+/'&"5%,) g('L)5"5() "<)'.(%()
'(;'%) %((#%)'") &51&!/'() !0(/+06) /51) $+(!&%(06) '.() 5/'*+() "<)'.() G/*03%) C7(/85(%%C,)O%)
%*!.L) "5() &%) '(#$'(1) '") %*44(%') './') '.&%)7(/85(%%) !"*01)9() $.6%&!/0L) /51r"+) #(5'/0L)
/51r"+)%$&+&'*/0,)Z/%(1)"5) K)?"+,)E , K S) I) CF()/+()<""0%)<"+)'.()%/8()"<)?.+&%'L)9*')6"*)/+()
7&%()&5)?.+&%',)F()/+()7(/8L)9*')6"*)/+() %'+"54C)I) 7.&!.)7/%)"92&"*%06)$*')&5)/)+/'.(+)
%/+!/%'&!) 7/6) &5) "+1(+) '") $+"2"8() .&%) ?"+&5'.&/5)!+&'&!%) '") '.&58) !0(/+06) /51)+(<0(!')
.*#906L)"5()#/6)9()/00"7(1)'")%*44(%')'./')&')7/%)&5)/)%&#&0/+)7/6)'./')C7(/85(%%C)7/%)
*%(1) &5)@,D)96)G/*0,)>5)"'.(+)7"+1%L)&5)!"#$/+&%"5)'")'.()%"I!/00(1) C%'+"54C)&5)?"+&5'.L)
G/*0L)/) "MO,"b])"<)?.+&%'L)7/%)T*&'()$+($/+(1) '")!"5%&1(+) .&#%(0<) /%)9(&54)C7(/8C)<"+)'.()
%/8() "<)?.+&%',) h"+) '.() %/8() "<) ?.+&%'L)G/*0) 7/%) $+($/+(1) 5"') W*%') '") 9() !"5%&1(+(1)
C7(/8C)"+)/)C<""0C) =E ,KSB L)9*')(2(5) '")%./+()?.+&%'3%) %*<<(+&54%)C96)9(!"#&54) 0&8().&#)
&5) .&%) 1(/'.C) =G.&0,) D,KSB,) M<) !"*+%(L) "5() %."*01) 5"') +*0() "*') '.() $"%%&9&0&'6) './')
C7(/85(%%C)&5)@,D)#&4.')W*%')/%) 7(00)9()$.6%&!/0)&5)5/'*+(L) '.()8&51) "<)C7(/85(%%C)'./')
.()#(5'&"5(1L) <"+)&5%'/5!(L) &5)@) ?"+,) K@,YL) /0'."*4.)5") "5() !/5) 9() !(+'/&5) /9"*') '.()
$+(!&%() 5/'*+() "<) %*!.) C7(/85(%%C,) O51) %&5!() G/*0) ./1) (/+0&(+) &5) K,@DI@A) 1(%!+&9(1)
C?.+&%') !+*!&<&(1C) /%) CH"13%) 7(/85(%%C) $/+/1";&!/006L) &') #&4.') 7(00) 9() './') '.() %"I
!/00(1)C7(/85(%%C)&5)@,D)7/%)*%(1) 96)G/*0) &5)/)%&#&0/+)7/6,)F.&0() .*#/5)C7(/85(%%C)
7/%) "<'(5) $(+!(&2(1) 5(4/'&2(06) /51) 1(%$&%(1) $/+'&!*0/+06) &5) H+(!"IJ"#/5) %"!&('6L)
(%$(!&/006) &5) &'%) *51(+%'/51&54) "<) #/%!*0&5&'6) /%) 7(00) /%) &5) +.('"+&!/0) '.("+6) /51)
$+/!'&!(L) &')7/%) %"#('.&54) './') G/*0) 2(+6)#*!.) 7/5'(1) '") C9"/%'C) /9"*'L) (%$(!&/006)
7.(5) '.(+() 7/%) /) 1&2&5()$+"#&%() /''/!.(1) '") &') =@) ?"+,) K@,UIKSB,) >5) '.&%) !"55(!'&"5)
\/2&1) Z0/!8) ./%) /5) &5%&4.'<*0) !"##(5') "5) @) ?"+,) KK,@Y:) C>') &%) '.&%) %6#$/'.('&!)
%'/'(#(5') &5) KK,@Y) I! %&'() /"q(2(0) eM?>) Mae) 1"H(21B])I) './') !0"%(%)'.()$+(!(1&54) !/'/0"4*()
"<) $(+%(!*'&"5%) /51) %*<<(+&54%) =KK,@@I@UB) /51)$+($/+(%) '.() +(/1(+) <"+)G/*03%) /%%(+'&"5)
'./')&')&%)"506)&5)'.()'.&54%)7.&!.)+(2(/0).&%)7(/85(%%)1"(%).()1/+()'")40"+6) =KK,DSB ,C)
! 8 5
$ E:B&C$Q2:'$92:Pe+!"->%'! C5&*/%2! &9!T2-K02**B! C*/#202$-! -0P!$/*!F&)0-/2*! $0!/#2!"->%$02! ($/2+-/>+2!
K@)I$f0*eS$/)()*$6:'1+$ 7-4#L+$ 7##.$
,N7$
-.()H+((8)7"+1%$#i5H0j)=C<(/+CB)/51'4"#:) =C'+(#90&54CB)/+()$(+./$%)W*%')/%) &5'+&4*&54)
/%$ k0N)B)(:) =C7(/85(%%CB,) F(+() '.() 7"+1%) C<(/+C) /51) C'+(#90&54C)*%(1) 96) G/*0) 7&'.)
+(<(+(5!() '") H"1) "+) '") #/5L) "+) '") 9"'.V) -.() '(;') &'%(0<) &%) 5"') !0(/+,) >') &%) $(+./$%)
#(/5&54<*0)7&'.)+(<(+(5!()'"'N#/0) '.()1&2&5()/51)'.().*#/5,)
h&+%'06L) 7&'.) +(<(+(5!() '")'.() 1&2&5(L) '.()H+((8)7"+1%$#i5H0hX)/51$ (H0l01) /+() T*&'()"<'(5)
*%(1) &5)!"#9&5/'&"5)&5) '.() Rcc L A X X) (%$(!&/006) 7&'.) +(<(+(5!() '") '.() .*#/5) (5!"*5'(+)
7&'.) '.()1&2&5()7&'.) <(/+)/51)'+(#90&54L)7&'.) '.()(#$./%&%)"5)'.()#/W(%'6)/51)."0&5(%%)
"<) '.() R"+1, A X U) h"+)(;/#$0(L)_"%(%) /51) '.() >%+/(0&'(%) %/54)'.&%) %"54) '") '.()'+&*#$./5')
RMJ\)7.")+(2(/0(1) .&%)$"7(+)'")'.()o46$'&/5%:)C-(++"+)/51)1+(/1$ KPD5H0hX)ebcn' 4"#:L'
7&00) </00)*$"5)'.(#,)Z6)'.()$"7(+)"<)6"*+)/+#)'.(6)7&00) 9()/%) %'&00) /%) /)%'"5(I) *5'&0)6"*+)
$("$0()$/%%)96L)M)RMJ\L)*5'&0)'.()$("$0()6"*)9"*4.')$/%%)96C)=o;"1*%)KA,K^B,)
O5"'.(+) 4""1) (;/#$0() &%) >%/&/.) KY,K^) &5)7.&!.) 9"'.$ hD5H0hX)/51' 4"#:&#CD) /$$(/+) &5) '.()
Rcc:) CM5)'./') 1/6) '.()o46$'&/5%) 7&00) 9() 0&8()7"#(5L)/51) '+(#90() 7&'.) <(/+' I7=$ PD0HPH$
e??R'7=' 4"#"*S) 9(<"+()'.()./51)'./')'.()R"+1)"<)."%'%)+/&%(%)/4/&5%') '.(#,C)O0'."*4.)&')&%)
1&<<&!*0')'")85"7)& <)G/*0)./1)'.&%)2(+%()"<)>%/&/.)&5)#&51)7.(5).()+(<(++(1)'")=9"$"4)/51)
<H5f&"q).(+()&5) K)?"+,)@,D,) -.()7"+1) C7"#(5C)7"*01)./2()4(51(+)!"55"'/'&"5%) &5)'.()
?"+&5'.&/5)!"5'(;'L)(%$(!&/006)7&'.) +(<(+(5!() '")'.()!*++(5')!"5!($') "<)#/%!*0&5&'6,)h"+)
'.()?"+&5'.&/5%$PD5H0hX) /51$ MPH0l0mX)!"*01)"506)9()'.()9(./2&"*+)/51)1&%$"%&'&"5)"<)7"#(5L)
!.&01+(5L) /51) %0/2(%n) Z*') /%) /) %$(!&/006) !"##&%%&"5(1) #(%%(54(+) "<) '.() 4"%$(0) "<)
%/02/'&"5) &')7/%) 2(+6) 5/'*+/0) /51) *51(+%'/51/90() './') '.() /$"%'0() G/*0) %."*01) ./2()/)
1(($)%(5%()"<)C<(/+C)/51)C'+(#90&54C)9(!/*%()"<)'.()/9%"0*'(06) %"0(#5)/51)/7<*0)5/'*+()
"<) '.() '/%8,) -.&%)7/%) $/+'&!*0/+06)'+*() "<)G/*0) 7.")7/%) #"%') !"5%!&"*%) "<).&%)1&2&5()
! 8 8
$ UV.$ 7!.75X$dAC&(F$,.,4X$ 7!.,X$/;.$!#$K!!L.!X$T;.$7-.75X$E:.$6nn.$ #.75X!U!V-,2=$ #.7N.$ UCI&'$=:(PF$:'C$
=)'*]$Q.$`)CH:(F+!C!F&0,&+P-0,2! /&!/#2!<25/>-)$0/! -0P!/#2!W/#2+! J+22K! N2+*$&0*! &9!/#2! W%P!12*/-.20/!
K^*:'C$`:H&C;S$9:e)*$QP:C)>&P+$ 7--4L+$7#"!M5+$ 7"8#.$! 8 4
$ G:B:1)$ (F&'e;$ (F:($ (F)$ HF*:;)$ oD5H01) ebcp$(H0l0P$ A;)C$ D]$ /:A2$ P0A2C$ D)$ *)3)**&'1$(0$ F&;$ 0I'$C:&2]$
)VH)*&)'P)$I&(F$(F)$:I)M&';H&*&'1$>:[);(]$03$^0C! X"&M2+'$ 8"L.$
@S@)
!/00&54) /%) .() &1(5'&<&(1) .&#%(0<) /') '.() 2(+6) 9(4&55&54) "<) '.() '7")?"+&5'.&/5)0(''(+%:)
CG/*0L)!/00(1)'")9()/5)/$"%'0()"<)N(%*%)?.+&%')96)'.()7&00) "<)H"1C)=K)?"+,)K,KB,)
j(!"5106L)G/*03%) $"%%&90()+(<(+(5!()'")'.().*#/5)7/%) &5%($/+/90() <+"#)'.() <&+%',)F.&0()
'.() "+&4&5) "<) '.() 4"%$(0) /%) 7(00) /%) G/*03%) !/00) '")$+"!0/&#)&')./1) !"#() <+"#)H"1L)'.()
4"%$(0) &'%(0<) 7/%) #(/5') <"+'0*(!.+) '").(/+) /51) ."$(<*006)'") +(!(&2(,) O%) ./%) /0+(/16)
9((5) 5"'(1) (/+0&(+L) '.() +(!(&2&54)"+) '.() +(W(!'&54)"<) '.() #(%%/4() "<) '.() !+"%%) 7"*01)
*0'&#/'(06) 1('(+#&5() .*#/5) 1(%'&56) <"+)('(+5&'6,)-.()('(+5/0) 1/#5/'&"5) "<)'."%()7.")
+(W(!'(1)'.()4"%$(0)#*%')./2()!/*%(1)/)'+(#(51"*%) %(5%()"<)C<(/+)/51)'+(#90&54C)"5)'.()
$/+')"<)'.()9(/+(+)"<)'.()4"%$(0)#(%%/4(,)O%)%*!.L)&')7"*01)9()+(/%"5/90()'")/%%*#()'./')
&') 7/%) 7&'.) /) 1(($) %(5%()"<) 9*+1(5) /51) +(%$"5%&9&0&'6)'./') G/*0) <&+%') !/#() ?"+&5'.,)
_"+("2(+L) 9"'.) '.(' 1#./,./) "<)'.() 4"%$(0L) (%$(!&/006) 7&'.) ?.+&%') !+*!&<&(1) /%) &'%) !"+()
#(%%/4(L)/51)G/*03%' (!..,-) "<)C1(0&2(+6C)"+'N#)5' $!.%*!%,9) /0%")4/2() /#$0()!/*%()<"+)
G/*0) '")9() <(/+<*0)/51) '+(#90()<"+)+(/%"5%)7.&!.) 7(+()W*%') '"") "92&"*%) <"+)9"'.)G/*0)
.&#%(0<)/51)<"+)'.()?"+&5'.&/5%,)
H(5(+/006) %$(/8&54L) &5) H+(!"IJ"#/5) %"!&('6) "506) /) <""0) "+) /5) &5%/5() #/5) 7"*01)
$*90&!06) +(2(/0)"+)!"5<(%%) .&%)"75)C7(/85(%%C) =1"H(2(&/BL)(%$(!&/006)7.(5) !"5<+"5'(1)
7&'.) <"+#&1/90()"$$"%&'&"5)/51)!./00(54(%L) /%)7/%)!0(/+06)G/*03%) *5(52&/90()$"%&'&"5)/')
'.() '&#(,) O' (!.) 7.")1&1)'./') 7"*01) 5"') (2(5) 9() 7"+'.6) "<) /) +(%$(!'/90() !./00(54(+)
/!!"+1&54) '") '.()#"%') +(<&5(1)/51) %"$.&%'&!/'(1) 4/#() "<)H+(!"IJ"#/5) +.('"+&!L)/%) '.()
$+(2&"*%)%'*16)"5)+.('"+&!)./%) /0+(/16)7&'5(%%(1,)>')7/%)/0%")/9%"0*'(06)*5/!!($'/90() '")
'.() H+(!"IJ"#/5) $(+!($'&"5) "<)#/%!*0&5&'6,) O) +(%$(!'/90(' (!.) 7/%) %*$$"%(1) '") 9()
%'+"54L)"+) /') 0(/%') $+('(51) '")9() %",)-")$*90&!06) /!85"70(14()"5(3%) C7(/85(%%C) &5)'.()
!"5'(;') "<)#/%!*0&5&'6)7/%) '/5'/#"*5') '") /1#&''&54)*5!"51&'&"5/0)1(<(/') (2(5) 9(<"+()
'.()!"5'(%') /!'*/006)%'/+'(1,)>5)</!'L)&5)%*!.)/)%&'*/'&"5)&')7/%)(2(5)#(/5&540(%%) '")./2()/)
@SD)
!"5'(%'L) %&5!() *51(+) 5"+#/0) !&+!*#%'/5!(%) /) !"5'(%') 7/%) %*$$"%(1) '") 9() /) !"5'(%')
9('7((5' ,A*!$+3) -.*%L) 7.(5) "5() $/+'6) $*90&!06) /!85"70(14(1) .&%) "75)7(/85(%%L) '.()
%(5%()"<)C(T*/0&'6C)7/%) &##(1&/'(06)0"%')/51)'.()!"5'(%') /9"+'(1,) >')&%)2(+6)&#$"+'/5')'")
/$$+(!&/'() G/*03%) /1#&%%&"5) "+) /!85"70(14(#(5') "<)$(+%"5/0) C7(/85(%%C)&5)@,D)&5)'.&%)
$/+'&!*0/+) !"5'(;'L) 9(!/*%() 7./') ./%) 9((5) %/&1) /9"*') H+(!"IJ"#/5) +.('"+&!) &5) '.&%)
'.(%&%) 7/%) !"##"5) 85"70(14(L) (2(5) !"##"5) %(5%(L) /%) </+) /%) '.() ?"+&5'.&/5%) 7(+()
!"5!(+5(1,) O%) %*!.L) &')9(!/#()'.()#"+() %'/+'0&54)/51) &5!+(1&90()'./')G/*0) %."*01)./2()
#/1() %*!.) /5) /!85"70(14(#(5') $*90&!06) &5) '.() ?"+&5'.&/5) !"5'(;',) ?"##"5)%(5%()
7"*01) "92&"*%06)%*44(%')'./') &')7/%) /)#"%')!+*!&/0)'&#()<"+)'.()1(($06) '+"*90(1)/$"%'0()
'") 9() /%%(+'&2() 7&'.) +(4/+1) '").&%) %'/'*%)/51) /*'."+&'6)&5)"+1(+) '") (<<(!'&2(06)1(/0) 7&'.)
'.()4+(/') ?"+&5'.&/5)!+&%&%)/51)!"5'+"2(+%6,)O4/&5L)7./')G/*0)1&1)7/%)5"5()"'.(+) './5)/)
!"5%!&"*%) /51)1+/%'&!) &52(+%&"5)"<)'.()%"!&/0)('."%)"<)'.()'&#(,)
i"7(2(+L) &') !"*01) 5"') 9() +*0(1) "*') './'' !!T,=)!) =C7(/85(%%CB) &5) @,D)#&4.') 7(00) 9()
$.6%&!/0) &5)5/'*+(L) %&5!() '.() 7"+1)#(/5%) &005(%%,)G/*0) (;$0&!&'06) #(5'&"5(1) .&%) 9"1&06)
&005(%%) =j&3' !!<7=M&!=' 48:<) "/$&!"!,L)H/0,)E ,KDB) <"+)7.&!.) .() ./1)9((5)9*+1(5(1) 7.(5) .()
<&+%') $+(/!.(1) '.() 4"%$(0) &5)H/0/'&/,AXY)O0%"L)G/*03%)+(<(+(5!() '")'.() C'."+5)&5)'.()<0(%.C)
=MeMO,M>fr) ' < &) "/$e&B) /$$(/+%) 0&8() %"#()8&51) "<)9"1&06) /&0#(5') =@) ?"+,) K@ ,X B , A U S) >')!"*01)
/0%") 9() +(<(++&54)'") G/*03%) $.6%&!/0) 1&%/9&0&'6,AUK)i"!8) '.&58%) './') G/*03%) C7(/85(%%C)
!"*01) 9() !0"%(06) +(0/'(1) '") .&%) #/5*/0) 0/9"*+) /%) /) '(5'I#/8(+) 7.")7/%) $(+!(&2(1) 96)
"'.(+%) /%) %0/2&%.) /51) '.() 0/!8)"<)%"!&/0) %'/51&54) &5)/)#"%') %'/'*%I!"5%!&"*%)?"+&5'.&/5)
%"!&('6,AU@) R&#)+(4/+1%)G/*03%)+(<*%/0)"<)%*$$"+')/%)C/)%&45)"<).&%)7(/85(%%) = KS IKD B C , A U D)
! 8 -
$ =.$E.$ 9)(a+! J-%-/$-0*B! C! F&..20/-+@! &0! "->%?*! (2//2+! /&! /#2! F#>+,#2*! $0! J-%-/$-$ K/F&2:C)2HF&:S$
R0*(*);;$/*);;+$7-8-L+$ ,,#M5.$! 4 N
$ c.$/.$RA*'&;F+$J J!F&+$0/#$-0*$ K@)I$f0*eS$E0AD2)C:]+$7-4#L+$ !#4.$! 4 7
$ R0*D);+$?W0>H:*&;0'?+$7#.$! 4 ,
$ =0Pe+!1#2!<&,$-%! F&0/2D/'$ 58.$! 4 "
$ 6&>+$ ?%&;C0>?+$ 7#,.$
,N#$
!"#! "#$$ %! "#$#%&! '(#)$ &'()$ *(! "%+,-./&)$ 0 ( -$ 123! ")$ 445&6(*7'"8$ ((&9&:';$ 7<(=(&'"8$ )<;<;>!")!
)&?(@A&BA&! &'()**+,%#-.! "/ 0$ %-&CDEFAG+'1.2345!67))-8!/9$!:5!7'#-0/:/+	! ;)')!9#+! ;&+8!
70/*6&<0)! ;#'$6!#,!;&6$#:.! <*+!;&+8!/!$):#96+'/+	!#,!+8)!=7&'&+!/9$!#,! 7#;)'.3>!
H!*)+,$ I+$ 44JK43L$ 22"G+M$ / &I &$ I N!")! ##%$-./$).6,(>%'/>(! 0'*1! ")$ O-.(-PA&$GA(K"!236#! +8/+!5#*'!
,/&+8!:&?8+!')6+!9#+!#9!8*:/9!;&6$#:!<*+!#9!+8)!7#;)'!#,!@#$13>!
Q:-R>S$?AI-S:R$*($-SA$ TU(?)S$ (I$7V-W:F8$U&S)(WT! 2##+A*/$ <(=(-;$X"XY+$ (?$TR(I*=$U(?)S$(?$
U&S)(WT$ Z&WA,(E?/.$ [(=(-$ I+$ (('9&:'";$ !"X+$ (?$ T,R:-S&9RA$ U(?)S$ (I$ U&S)(WT! 2+%5J\([7]8$
+#%$-%%2$7<P(=(&'"8;$!"#+$ &S$]&.AF$:$.A?=$'RA:?$?A:S(F$VA?A$&F$!"#;$ H" H @ #$
4V&S$AEA]AS&S$&S$W(?A$&F'R&FA)$*($*V&F^$*V:*$I(?$Q:-R;$ F(*$ *($,?('R:&W$V&S$WASS:]A$(I$ *VA$
'?(SS$ TU&*V$ ,R:-S&9RA$ U(?)S$ (I$U&S)(WT$U:S$W(?A$ :$)AR&9A?:*A$'V(&'A$ *V:F$ *VA$ :'*-:R$
R:'^$(I$:9&R&*=$*($9A$ :$](()$ ,-9R&'$(?:*(?"$ _*$&S$V:?)$ *($9AR&A.A$ *V:*$(FA$ UV($'(-R)$U?&*A$
:F)$ :?]-A$ S($ AR(`-AF*R=$ :F)$ S^&RI-RR=$ :F)$ S,(^A$ ,(UA?I-RR=$ I(?$ *VA$ ](S,AR;$ :S$ Q:-R$
V&WSARI$ V:)$ :,,:?AF*R=$ )AW(FS*?:*A);$ U:S$ F(*$ S(WAV(U$ ':,:9RA$ (I$ &W,?ASS&F]$ *VA$
,-9R&'$U&*V$V&S$AR(`-AF'A;$-FRASS$VA$U:S$ ?A:RR=$S-IIA?&F]$I?(W$S(WA$W=S*A?&(-S$ ,V=S&':R$
&W,A)&WAF*"$ 4VA$U(?)$T)A'&)A)T$ ZA&',&.:;$I?(W!345)6-)7$ &F$!"!$ &S$ :F$ :'*&.A$ .A?9$ :F)$&*$
'RA:?R=$ S-]]AS*S$ )AR&9A?:*A$ :F)$ ?:*&(F:R$ *V&F^&F]$ :F)$ :'*&(F"$ <S$ S-'V;$ *VA$ I(RR(U&F]$
.A?SA$ !"a$ W&]V*$ F(*$ FA'ASS:?&R=$ 9A$ :$ R&*A?:R$ S*:*AWAF*"$ b(?$ &*$ '(-R)$ UARR$ 9A$ Q:-R>S$
?VA*(?&':R$ )A.&'A$ &F*AF)A)$ *($ ,?(.(^A"$ K?$ &*$'(-R)$ UARR$ &F)&':*A$ Q:-R>S$ :UI-R$SAFSA$(I$
?AS,(FS&9&R&*=$ :F)$ 9-?)AF$ :S$ *VA$WASSAF]A?$(I$*VA$ ](S,AR;$ *VA$?AS,(FSA$*($UV&'V$I(?A.A?$
)A*A?W&FA)$ :$,A?S(F>S$)AS*&F="$ _ I$&*$UA?A$&F)AA)$Q:-R>S$)AR&9A?:*A$'V(&'A$F(*$*($,?('R:&W$
%8)! 78'/6)$ 4?%&\(*B-C! ##DE&/-1! BF#5-P3L8! 8/6! G*&+)! /! ,);! (/'&/9+!')/$&9?61! H9! 6#:)! +)I+6! +8)! 78'/6)!
/77)/'6!<),#')! /(J7;&'&('&&K!;8&0)! #+8)'6! 8/()! +8&6!/$A)-+&()! /,+)'!##L&/-! 2"-
.! F.!M.!N.! OP.! QR.! 65'8! +%7,!
4)+S?)'!')?/'$6!+8&6!/6!3#<(&#*605! 6)-#9$/'53!/6!&+!38/6!+8)!/77)/'/9-)!#,!/9!)I70/9/+#'5!?0#66!&96)'+)$!
<5! -#75&6+6! 2/+! $&,,)')9+! 70/-)6>! &9! #'$)'! +#! &$)9+&,5! :#')! )I/-+05! +8)! 9*/9-)! /++/-8&9?! +#! /#-A*/-31!
4)+S?)'! )I70/&96! +8/+! 3&9!#'$)'! +#! ')7')6)9+! +8)! $&()'6&+5! #,! )(&$)9-).! /! :/A#'&+5!#,! +8)! M#::&++))!
$)-&$)$!+#!7'&9+$445JTK_7cC.! /9$.!#9!+8)!6+')9?+8!#,!U7DV!@!WX!;8&-8!0/-Y!F&5#*K.!+#!)9-0#6)! +8&6!0/++)'!;#'$!
;&+8&9!6G*/')!<'/-Y)+63!24)+S?)'.!"#$$%&'()*+! DQR>1!
Z[X!
*VA$ TW=S*A?=$ (I$G()T$ &F$ TR(I*=$U(?)S$ (?$U&S)(WT$Z!"!+;$&*$U(-R)$ :RS($9A$ *V(?(-]VR=$
'(FS&S*AF*$ U&*V$V&S$(.A??&)&F]$&F*AF*&(F$*($&F.A?*$*VA$S('&:R$A*V(S$(I$V&S$*&WA"$
<S$V:S$ 9AAF$F(*A)$ A:?R&A?;$ *VA$ S(P':RRA)$ TUA:^FASST$&F$!"a$ U:S$ ,A?'A&.A)$ (FR=$I?(W$:$
V-W:F$ ,A?S,A'*&.A;$ U&*V$ ?A]:?)$ *($ 9(*V$ *VA! 8#9%69%$ (I$ *VA$ WASS:]A$ (I$ *VA$ '?(SS$ :F)$
Q:-R>S$W:FFA?$ (I$_*S!:6;-)6<$/$ &F'R-)&F]$V&S$:RRA]A)R=$-F&W,?ASS&.A$ ,V=S&':R$:,,A:?:F'A"$
4V&S$SAAWA)$*($9A$ (FA$ (I$*VA$W:N(?$?A:S(FS$I(?$Q:-R>S$ TIA:?T$:F)$ T*?AW9R&F]T;$&"A";$I(?$
IA:?$ *V:*$ *VA$ WASS:]A$ (I$ S:R.:*&(F$ W&]V*$ 9A$ ?ANA'*A)$ :F)$ *V-S$ ?AS-R*A)$ &F$ *VA$ A*A?F:R$
):WF:*&(F$(I$*VA$VA:?A?S$ZX"X@+"$_F$(*VA?$U(?)S;$I(?$*V(SA$UV($UA?A$T,A?&SV&F]T$ZX"X@+;$
9(*V$ *VA! 8#9%69%$ (I$ Q:-R>S$ WASS:]A$ (I$ *VA$ '?(SS$ :F)$ V&S! =+996<$ (I$ ,?('R:W:*&(F$
Z)AR&.A?=$(?$9()=$R:F]-:]A+$ UA?A$*VA$W:&F$?A:S(FS$I(?$*VA&?$?ANA'*&(F"$0AF'A$ *VA$R(]&'$(I$
*VA$ :,(S*RA>S$ 'RA:?$ S*:*AWAF*$ &F$!"#$ :9(-*$ TS,AA'V$ :F)$ ,?('R:W:*&(FT$ Z%$ <"%=(DL$ 3cc_$ *($
"&7*5 & & / > 1$ _F$S-9S*:F'A$UV:*$U:S$ S:&)$ &F$*VA$ ?AW:&F&F]$,:?*$(I$!"#PH$ U:S$ :R?A:)=$ S*:*A)$
&F$ X"XYPaX;$ AE'A,*$ I(?$*VA$ ?AIA?AF'A$ *($ T*VA$ O,&?&*T! >?')60@-+-#27$ :*$ *VA$ AF)$ (I$!"#"$ 4VA$
TO,&?&*T$ &S$ ]&.AF$ :$ W-'V$ I-RRA?$ *?A:*WAF*$ &F$ a"X6PXH"$ dVAF$ *V&S$ ,:SS:]A$ &S$ ?A:)$ &F$
'(FFA'*&(F$ U&*V$ X"!6PaX;$ T,(UA?T$ Z%U:-"JDL$ +$ &S$ :RW(S*$ S=F(F=W(-S$ U&*V$ *VA$ TO,&?&*T$
2&%()**/>.$ :$ S(?*$ (I$ VAF)&:)=S;$ :S$ c(RR&FS$ V:S$ ?&]V*R=$ F(*A)e$ >TO,&?&*$ :F)$ ,(UA?>$ &S$
'R:SS&':R$ Q:-R&FA$ VAF)&:)=S$ ZX$4VASS"$ X"HL$ 'I"$<'*S$ X"@+$ &F$UV&'V$ *VA$ A,AEA]A*&':R$ >:F)$
! " #$
,(UA?>$ &)AF*&I&AS$>*VA$ S,&?&*>$ :S$*VA$,(UA?I-R$O,&?&*$(I$G()"T$
4VA$ ,(RAW&':R$ F:*-?A$ (I$ *VA$ U(?)$ O\]JM\"L$ ZT,(UA?T+$ &F$!"#PH$ &S$ .A?=$ (9.&(-S$ &F$*V&S$
,:?*&'-R:?$'(F*AE*"$<U('- &-K$U:S$:$^A=$U(?)$ &F$9(*V$G?A'(Pf(W:F$ ?VA*(?&';$AS,A'&:RR=$&F$
*VA$9()=$R:F]-:]A$(I$)AR&.A?=;$:F)$W:S'-R&F&*="$<-.:/&&DL$U:S$ :RS($*VA$.A?=$*V&F]$UV&'V$
*VA$ c(?&F*V&:FS;$ AS,A'&:RR=$ Q:-R>S$ '?&*&'S;$ W(S*$ 'VA?&SVA)"$:F)$ 'R:&WA)$ *($ ,(SSASS"$
g(?A(.A?;$ *VA$ ,(UA?$ (?$ :-*V(?&*=$ (I$ Q:-R$ U:S$ :RS($ SA?&(-SR=$ 9A&F]$ 'V:RRAF]A)$ &F$
X Q X
! M#00&96.!,-).'! "#)-&'/-(&.+! RZ[1!
Z[V!
c(?&F*V"$0(UA.A?;$Q:-R>S$,?&W:?=$'(F'A?F$VA?A$:F)$ARSAUVA?A$U:S$F(*$S($W-'V$U&*V$V&S$
(UF$,A?S(F:R$ ,(UA?$(?$:-*V(?&*=;$9-*$G()>S$ ZX"XYPX@;$!#P!HL$!"#PH+"$
cR(SAR=$ '(FFA'*A)$ U&*V$ *VA$'(F'A,*$ (I$H-.:/&&"DL$U:S$ :F(*VA?$ A`-:RR=$ &W,(?*:F*$U(?)$&F$
G?A'(Pf(W:F$ *?:)&*&(F;$ &"A";! $-%'#=)&&A&-$ ZT)AW(FS*?:*&(FT+"$ QR:*($-SA)$*VA$ *A?W!/&%VX)&_&1UK!
:S$ :$WA:FS$(I$,?((I$ (I$:F$ :?]-WAF*"$ <?&S*(*RA$U:S$ S&W&R:?R=$ '(F'A?FA)$ U&*V$ ,?((IS$
ZW(*A&';+e$ T,?((I$ &S$ :$ S(?*$ (I$ )AW(FS*?:*&(F! >+9#AB-8/7$ S&F'A$ UA$ :?A$ W(S*$ S*?(F]R=$
'(F.&F'A)$ UVAF$ UA$ S-,,(SA$ :F=*V&F]$ *($ V:.A$9AAF$ )AW(FS*?:*A)$ Z:&4(@AOA&E6:&+"T$
h,&'*A*-S$ AW,R(=A)$(:?(OA&&R&'"$&F$:$S&W&R:?$SAFSAH@@$UV&RA$QR-*:?'V$?A]:?)A)$ 'F?(OA&B&'L$:S$
:$WA:FS$(I$ I&F)&F]$ *?-*Ve$ T,V&R(S(,V=$ &S$'(F'A?FA)$ U&*V$ *?-*V;$ :F)$ *VA$ &RR-W&F:*&(F$(I$
*?-*V$&S$)AW(FS*?:*&(F! 2$+%#=)`L"K>13X Q T!
J&W$V:S$ (9SA?.A)$ `-&*A$&FS&]V*I-RR=$*V:*$T9=$AW,R(=&F]$&*$U&*V! %%()*9/+#G$ :F)$H-. &A'(DL;$
Q:-R$ -SAS! $+%#=)&L"K$ &F$ :$ U:=$ UV&'V$ &S$ )&IIA?AF*$I?(W$ :F)$ '(-F*A?$ *($ *VA$ ?VA*(?&':R$
WA:F&F]$ (I$ *VA$ *A?W"$ 0A$ :SSA?*S$ *V:*$ V&S$ U(?)$ :F)$ V&S$ ,?A:'V&F]$ :?A$ 9:SA)$ -,(F$ :$
)AW(FS*?:*&(F;$ F(*$ (I$ *VA$ ?VA*(?&':R$ ^&F);$ 9-*$ (I$ *VA$ O,&?&*$ :F)$ (I$ ,(UA?"$ 4V&S$
)AW(FS*?:*&(F$ )(AS$F(*$'(FS&S*$ (I$:?]-WAF*S$ I?(W$]AFA?:RR=$ :''A,*A)$ *?-*VS;$ 9-*$-,(F$
*VA$ )&.&FA$'(F.&'*&(F$(I$ *VA$ O,&?&*$ :F)$ ,(UA?$ Z'I"$ X$c(?"$ #"!6+"TH \1$0(UA.A?;$ J&W$&S$
`-&'^$ *($ `-:R&I=$ *V:*$ Q:-R>S$ )A*A?W&F:*&(F$ F(*$ *($ I(RR(U$ *VA$ '-??AF*$ ?VA*(?&':R$ ,?:'*&'A$
)&)$ F(*$WA:F$ :$*(*:R$?ANA'*&(F$(I$*VA$ :?*"$ Q:-R$ S&W,R=$)&)$F(*$U:F*$ V&S$,?('R:W:*&(F$ *($
)A,AF)$ (F$T,R:-S&9RA$U(?)S$(I$U&S)(WT;$9-*$(F$T*VA$O,&?&*$:F)$ ,(UA?T"H\X$
N0/+#.!0#1/2! ZVXaK!3/(%42!bbM1!
F'&6+#+0).!5/%'2! RWXX/!RR1!
c7&-+)+*6!Z1ZX1!M,1!a&#?)9)6! `/)'+&*6!b1DX1!
N0*+/'-8.!6#)2! W!QbF1!
`&:.! de&6$#:d.!RDb1!
`&:.! de&6$#:d.!RDQ1!
Z[b!
_F$ *VA$I&F:R$:F:R=S&S;$'V-?'V$S'V&SWS$ &F$c(?&F*V$UA?A$ASSAF*&:RR=$ :$T,(UA?T$S*?-]]RA"$4VA$
?&SA$*($S('&:R$,?(W&FAF'A$ :F)$]R(?=$)A,AF)A)$ .A?=$W-'V$(F$*VA$:'`-&S&*&(F$(I$,(UA?$:S$
UARR$ :S$ &*S$W:&F*AF:F'A$ :F)$ &F'?A:SA$ &F$G?A'(Pf(W:F$ S('&A*="$d&*V(-*$ ?A:R$ T,(UA?;T$
?VA*(?&'$:F)$&*S$9()=$R:F]-:]A$ UA?A$.&?*-:RR=$WA:F&F]RASS"$ 4VA$,V?:SA$T:$)AW(FS*?:*&(F$
2/%%#=)&L&-K>$(I$*VA$O,&?&*$:F)$,(UA?T$S:=S$W-'V$:9(-*$ *VA$,?(9RAW$&F$c(?&F*V$:S$ UARR$ :S$
Q:-R>S$ '(F*?(.A?S=$ U&*V$ V&S$'?&*&'S"$0-W:F$TAR(`-AF*$ U&S)(WT$ZX"XY+$:F)$ TR(I*=$U(?)S$
(?$U&S)(WT$UA?A$F(*V&F];$-FRASS$&*$'(-R)$9A!:6=#9C%<+%6:$ &F$?A:R$,(UA?"$ i-)]&F]$I?(W$
*VA$(.A?:RR$*(FA$(I$*VA$c(?&F*V&:F$'(??AS,(F)AF'A;$ (FA$]A*S$*VA$&W,?ASS&(F$*V:*$Q:-R$)&)$
F(*$ SAAW$*($?A:RR=$9AR&A.A$ *V:*$ V&S$c(?&F*V&:F$'?&*&'S$:'*-:RR=$V:)$ :S$W-'V! AD+'--8/$ :S$
*VA=$ 'R:&WA)$ *($ V:.A$ (?$ &W:]&FA)$ *($ V:.A"$ Q:-R>S$ .&AU$ U:S$ 'RA:?R=$ ?AIRA'*A);$I(?$
AE:W,RA;$ &F$#"X@P!6$UVA?A$*VA$ T,(UA?T$&SS-A$U:S$ ?:&SA)$ &F$:$V&]VR=$,(RAW&':R$W:FFA?"$
KFA$ &S$ *AW,*A)$ *($ *V&F^$ *V:*$ *VA?A$ U:S$ :'*-:RR=$F($ FAA)$ I(?$*VA$ :,(S*RA$ *($ I&F)$ (-*!-E!
T*VASA$ :??(]:F*$ ,A(,RAT$ ?A:RR=$V:)$ T,(UA?T$ (?$ F(*"$ 4VA$ .A?=$ *(FA$ (I$Q:-R$ SAAWA)$ *($
&F)&':*A$ *V:*$ VA$ )&)$F(*$ ?A:RR=$9AR&A.A$ *V:*$ *VA=$ V:)j$ _F*A?AS*&F]R=$AF(-]V;$ *VA$ G?AA^$
U(?)$ UV&'V$ V:S$ 9AAF$ ?AF)A?A)$ T*:R^T$ &F$ *VA$ kfOM$ &S$ < #5#+K1$ _?(F&':RR=;$ &*$U:S! 'F$#G!
ZTS,AA'VT+$ *V:*$ Q:-R$ V:)$ &)AF*&I&A)$ :S$ :$ ,:?*&'-R:?$ T]&I*T$ ZE:,&(/&('+$ UV&'V$ *VA$
c(?&F*V&:FS$V:);$:*$*VA$9A]&FF&F]$(I$*VA$I&?S*$c(?&F*V&:F$RA**A?$ZX"Y+"$l-*$A`-:RR=$&?(F&':R$
U:S$*VA$S:)$ I:'*$*V:*$*V&S$,:?*&'-R:?$E:,&(/&:$V:)$':-SA)$AF(?W(-S$ *?(-9RA$&F$c(?&F*V"$k($
U(F)A?$Q:-R$V:)$*($)A:R$U&*V$&*$VA:)P(F$ :F)$&F$*VA$W(S*$SA.A?A$W:FFA?"$
<]:&F;$VA?A$&F$!"H;$N-S*$:S$ &F$X"XYPaX;$TV-W:F$U&S)(WT$Z(('NF('$).\,'(P??(N&>+$&S$SA*$ &F$S*:?^$
'(F*?:S*$ U&*V$ T*VA$,(UA?$(I$G()T$ZO-.' &A&$ \A(-+"$Q:-R$ I&F:RR=$AE,R:&FA)$UV=$VA$)&)$F(*$
W:^A$V&S$,?('R:W:*&(F$:9(-*$cV?&S*$'?-'&I&A)$TU&*V$,R:-S&9RA$U(?)S$(I$U&S)(W;$9-*$U&*V$
:$)AW(FS*?:*&(F$ (I$*VA$O,&?&*$ :F)$(I$,(UA?T$UVAF$VA$ I&?S*$':WA$*($*VA$c(?&F*V&:FSe$ TS($
*V:*$=(-?$I:&*V$W&]V*$?AS*$F(*$(F$V-W:F$U&S)(W$9-*$(F$*VA$,(UA?$(I$G()"T$
Z[Q!
H"a!cI)?)6&6!#,$!!M#'1$ X6"X6$
!! M#'1$ X6"X6! J % H$ :*$ A&?&:?(B()$ -"A.;$#mF(&.;$,:,AR:&! "JMj$ R(E-,(:;! %>$ %A$&?:,(-:&:! %J\!
+F'-+(#8/$)(\A.I/DL!789$ %! "#$#2$#n(-6A&m?//&A.('""!23f#'!+8)5! 6/5.! dg&6! 0)++)'6!/')!;)&?8+5!
/9$! 6+'#9?.!<*+!8&6!<#$&05!7')6)9-)!&6!;)/Y.!/9$!8&6!67))-8!#,!9#!/--#*9+1d3>!
H9+'#$*-+	!
!$ c(?"$ X6"X6$&S$,-*$VA?A$&F$'R(SA$'(FFA'*&(F$U&*V$ X$c(?"$!"XPH$W:&FR=$9A':-SA$*VASA$*U($
c(?&F*V&:F$ ,:SS:]AS$ UA?A$ )A:R&F]$ U&*V$ .&?*-:RR=$ *VA$ S:WA$ &SS-A;$ F:WAR=$ Q:-R>S$ SARIP
,?ASAF*:*&(F;$)AR&.A?=;$(?$9()=$R:F]-:]A$ :F)$<;%=(DL$ZTS,AA'VT$(?$U(?)+"$oA*;$*VA$'(F*AE*$
(I$ *VA$ ,?ASAF*$ T!$ c(?&F*V&:FST$'(-R)$ F(*$ 9A$ :SS-WA)$ *($ 9A$ AE:'*R=$ *VA$ S:WA$ :S$ TX$
c(?&F*V&:FST$&F$*A?WS$(I$*&WA$:F)$'&?'-WS*:F'AS"$
Q:-R>S$ ?AR:*&(FSV&,$U&*V$ *VA$c(?&F*V&:F$'V-?'V$U:S$:$.A?=$'(W,R&':*A)$:F)$'(W,RAE$(FA$
:F)$ (FR=$ *U($ Tc(?&F*V&:F$RA**A?ST$ :?A$ :.:&R:9RA"$ <''(?)&F]$ *($ X$c(?"$ H"\$ Q:-R$ V:)$
:,,:?AF*R=$ U?&**AF$ :F(*VA?$ RA**A?$ UV&'V$ )A:R*$ U&*V;$ :W(F]$ (*VA?$ &SS-AS;$ SAE-:R$
&WW(?:R&*="$lA*UAAF$ *VA$,?ASAF*$ *U($TRA**A?ST$*VA?A$ SAAWS$*($9A$ :$'A?*:&F$*&WA$]:,$(I$
UV&'V$ Q:-R>S$ W()A?F$ ?A:)A?$ V:S$ .A?=$ R&**RA$ ^F(URA)]A"$_F$!$c(?"$!"X$Q:-R$ ?AIA??A)$*($
T:F(*VA?$ ,:&FI-R$ .&S&*T"$ 4V&S$SAAWA)$ *($ &W,R=$ *V:*$ :I*A?$*VA$ U?&*&F]$ (I$ *VA$ ,?ASAF*$ TX$
c(?&F*V&:FST$Q:-R$ V:)$ :'*-:RR=$W:)A$ (FA$ T,:&FI-R$ .&S&*T$ *($c(?&F*V;$ .A?=$W-'V$&F$R&FA$
U&*V$ UV:*$VA$,?(W&SA)$&F$X$c(?"$#"X\e$Tl-*$_$ U&RR$ '(WA$ *($=(-$S((F;$& I$*VA$ J(?)$ U&RRS;$
:F)$_$U&RR$ I&F)$(-*$F(*$*VA$*:R^$(I$*VASA$:??(]:F*$,A(,RA$9-*$*VA&?$,(UA?T"$Q:-R>S$ ,?(W&SA$
VA?A$&F$#"X\$'RA:?R=$S-]]AS*A)$ *V:*$(FA$(I$*VA$W:&F$,-?,(SAS$(I$V&S$&F*AF)A)$.&S&*$U:S$*($
)A:R$U&*V$ *VA$T:??(]:F*$ ,A(,RAT$ &F$*VA$'V-?'V$:F)$V&S$*(FA$U:S$'RA:?R=$SA.A?A"$<S$S-'V;$
& I$ Q:-R>S$ ,?(W&SA)$ .&S&*$ )&)$ *:^A$ ,R:'A$ &*$U(-R)$ 9A$ `-&*A$'(FS&S*AF*$ U&*V$ *VA$ T,:&FI-R$
.&S&*T$WAF*&(FA)$9=$Q:-R$&F$!$c(?"$!"X"$
Z[T!
_F$V&S$I&?S*$.&S&*$Q:-R$S*:=A)$ &F$c(?&F*V$I(?$:$=A:?$:F)$:$V:RI$ Z<'*S$X@"XX+"$dVAF$:$'A?*:&F$
*&WA$ ]:,$ 9A*UAAF$ *VA$ ,?ASAF*$ TX$ c(?&F*V&:FST$ :F)$ T!$ c(?&F*V&:FST$ &S$ *:^AF$ &F*($
'(FS&)A?:*&(F;$ &*$U(-R)$9A$`-&*A$?A:S(F:9RA$*($:SS-WA$*V:*$`-&*A$:$IAU$=A:?S$V:)$,:SSA)$
9A*UAAF$Q:-R>S$I&?S*$.&S&*$*($c(?&F*V$:F)$*VA$*&WA$UVAF$!$c(?&F*V&:FS$ X6"X6$U:S$U?&**AF"$
h?FAS*$lAS*$)(-9*S$ & I$*VA$,?ASAF*$T!$c(?&F*V&:FST$U:S$ :$S&F]RA$RA**A?$:F)$S-]]AS*S$*V:*$T&*$
W:=$'(FS&S*$ (I$,(?*&(FS$(I$SA.A?:R$ RA**A?S$(I$Q:-R$UV&'V$S(WA(FA$:*$c(?&F*V$,-*$ *(]A*VA?$
:I*A?$V&S$)A:*V$ &F$(?)A?$*($,?ASA?.A$*VAW"T$lAS*$AR:9(?:*ASe$
4VA?A$ &S$:$.A?=$'RA:?$9?A:^$9(*V$&F$*V(-]V*$ :F)$ &F$W(()$:*$*VA$AF)$(I$'V:,*A?$\;$
:F)$:$.A?=$S*?(F]$':SA$':F$9A$W:)A$I(?$?A]:?)&F]$*VA$UV(RA$(I$'V:,*A?S$X6PXa$:S$
'(W&F]$I?(W$:F(*VA?$ RA**A?"$g:F=$S'V(R:?S$&)AF*&I=$*V&S$U&*V$ *VA$ &F*A?WA)&:*A$(?$
,:&FI-R$ RA**A?"$ g(?A$,?(9:9R=$ 'V:,*A?S$ X6PXa$ '(WA$ I?(W$ :$ RA**A?$ U?&**AF$ :I*A?$
'V:,*A?S$XP\"$ _ I$S(;$*VA=$)A,&'*$:F(*VA?$ S*:]A$&F$UV&'V$?AR:*&(FS$9A*UAAF$ Q:-R$:F)$
*VA$c(?&F*V&:FS$ :]:&F$9A':WA$U(?SA$ :I*A?$*VA$ &W,?(.AWAF*$ &F)&':*A)$&F$Y"HPX%"$
4V&S$ )A*A?&(?:*&(F$U:S$ ':-SA)$9=$,?A:'VA?S$UV($':WA$&F*($c(?&F*V$I?(W$ (*VA?$
c(?&F*V&:F$ '(WW-F&*&AS$U&*V$ &)A:S$:9(-*$iAS-S$:F)$ *VA$](S,AR$ UV&'V$UA?A$.A?=$
)&IIA?AF*$I?(W$*V(SA$(I$Q:-R"H\!$
_$ :W$V:,,=$ *($:''A,*$*VA$ S-]]AS*&(F$ *V:*$'V:,*A?S$ X6PXa$(I$*VA$,?ASAF*$T!$c(?&F*V&:FST$
,?(9:9R=$ I(?WA)$:$-F&*$(I$&*S$(UF$(?&]&F:RR="$0(UA.A?;$&*$&S$F(*$`-&*A$,?A,:?A)$ *($]($S($
I:?$:S$ *($AF)(?SA$lAS*>S$ .&AU$*V:*$ T!$c(?&F*V&:FST$W:=$ T'(FS&S*$ (I$,(?*&(FS$ (I$ SA.A?:R$
RA**A?S$(I$Q:-R$UV&'V$S(WA(FA$:*$c(?&F*V$,-*$*(]A*VA?$ :I*A?$V&S$)A:*V$ &F$(?)A?$*($,?ASA?.A$
4VA?A$ :?A$ '(FS&)A?:9RA$ :-*(9&(]?:,V&':R$ F(*AS$ &F$ !$ c(?&F*V&:FS"$ 4V&S$ U:S$ :RS($ *($ 9A$
AE,A'*A)$ :S$ *V&S$ RA**A?;$AS,A'&:RR=$'V:,*A?S$ X6PXa;$U:S$W:&FR=$)A.(*A)$ *($Q:-R>S$)AIAF'A$
(I$ V&S$(UF!=#:0C! #46<+9:-$ :S$ :F$:,(S*RA$:]:&FS*$ *VA$ I:RSA$(?$TS-,A?P:,(S*RAST$ZXX"H+"$_*$
&S$ ,:?*&'-R:?R=$S&]F&I&':F*$*V:*$ &*$U:S$ &F$ S,A'&:R$ ?AIA?AF'A$ *($ *VA$ TS-,A?P:,(S*RAST$ *V:*$
Q:-R$ 'RA:?R=$ S*:*A)$ *V:*$ UV&RA$ VA$W&]V*$9A$ T-F*?:&FA)$ &F$S,AA'VT;$VA$U:S$ V(UA.A?;$ F(*$
-F*?:&FA)$ T&F$^F(URA)]AT"$4VA$ ,(RAW&':R$'(F*AE*$ (I$ X6PXa$ SAAWA)$*($S-]]AS*$ *V:*$ *VA$
X T Z
! c'9)6+!h)6+.!0%:#&4! "#)-&'/-(&.! 2F+0/9+/i!j#89!"9#I.!RTQb>.!Z1!X T W
! =))! h/'-0/5.! dZ! M#'&9+8&/96d.! &9! j/:)6! a1@1! a*99! /9$! j#89! e1! k#?)'6#9! 2)$61>.! ;%)4$(&.!
"#$$%&'()*! #&!'/%!<-=>%! 2@'/9$!k/7&$6.!4Hi!e1h1!c)'$:/96.!Z[[W>.! RWXW^bWK! %8'/00.! "#$$%&'()*+! R1W^
DTK!f*'9&68.!l l! "#)-&'/-(&.+! ZT^XD1!
ZR[!
,A?'A,*&(F$ (I$ Q:-R$ 9A&F]$ T-F*?:&FA)$ &F$ S,AA'VT$ U:S$ *VA$ FA]:*&.A$ (,&F&(F$ (I$ V&S$
(,,(FAF*S"$ 4V&S$ U:S$ W(S*$ ,?(9:9R=$ *VA$ (?&]&F$ (I$ *VA$ '?&*&':R$ S*:*AWAF*$ &F$ X6"X6$
?A]:?)&F]$Q:-R>S$T9()&R=$,?ASAF'AT$:F)$TS,AA'VT"$
d:S$ Q:-R$ ?A:RR=$ T-F*?:&FA)$ &F$ S,AA'VT$ :S$ VA$ V:)$ :,,:?AF*R=$ :)W&**A);$ :F)$ :S$ S(WA$
S'V(R:?S$:?A$ &F'R&FA)$*($*V&F^pH\ #$_*$&S$V:?)$ *($^F(U$UV:*$ *VA$':SA$?A:RR=$U:S$N-S*$(F$ *VA$
9:S&S$(I$:$S&F]RA$S*:*AWAF*$&F$XX"H$UV&'V$U:S$A.&)AF*R=$W:)A$&F$:$,(RAW&':R$'(F*AE*"$<S$
V:S$ :R?A:)=$ 9AAF$ S-]]AS*A)$ A:?R&A?$ &F$ *V&S$ *VAS&S;$ :S$ :$W:F$ (I$'-R*-?A$ (I$V&S$ *&WA$ &*$&S$
)&II&'-R*$*($*V&F^$*V:*$Q:-R$U(-R)$V:.A$?A:RR=$9AAF$T-F*?:&FA)$ &F$S,AA'VT"$dV:*$Q:-R$U:S$
*?=&F]$ *($S:=$ U:S$,A?V:,S$*VA$ I:'*$*V:*$ VA$U:S! %68H9-8+;;$$ (?!4<#E6CC-#9+;;$$ T-F*?:&FA)T$
&F$ *VA$ U:=$ *V:*$ *VA$ (?:*(?S$ (I$V&S$ *&WA$UA?A"$ K?;$A.AF$ &I$Q:-R$ V:)$ 9AAF$ *A'VF&':RR=$(?$
,?(IASS&(F:RR=$ *?:&FA)$ :S$ *VA$ SA:S(FA)$ (?:*(?S$ V:);$ Q:-R$ V:)$ :R?A:)=$ )A'&)A)$ F(*$ *($
,?:'*&SA$ &*$I(?$?A:S(F$UV&'V$VA$ V:)$ :R?A:)=$ ]&.AF;$ I(?$&FS*:F'A;$ &F$ X$c(?"$ !"#;$ H"$4V&S$
U(-R)$ 9A$ *V(?(-]VR=$ '(FS&S*AF*$ U&*V$ V&S$ (.A?:RR$ &F*AF*&(F$ *($ &F.A?*$ *VA$ '-??AF*$ S('&:R$
A*V(S"$<]:&F;$:S$*VA$S*:*AWAF*$U:S$W:)A$&F$:$,(RAW&':R$'(F*AE*;$Q:-R$V:S$ ,?(9:9R=$W:)A$
&*$9=$U:=$(I$'(F'ASS&(F$I(?$:?]-WAF*>S$S:^A"$
b(?*-F:*AR=;$ *VA$ -F)A?S*:F)&F]$ (I$ !$ c(?"$ X6"X6$ &S$ F(*$ UV(RR=$ )A,AF)AF*$ (F$ *V(SA$
'&?'-WS*:F'AS$ :F)$ I:'*(?S$ 9AV&F)$ !$ c(?&F*V&:FS;$ :F)$ (I$ UV&'V$ F(*$ W-'V$ ?AR&:9RA$
&FI(?W:*&(F$ &S$ :.:&R:9RA"$dV:*$ V:S$ 9AAF$S:&)$ S($ I:?$S&W,R=$&F)&':*A$ *VA$ '(W,RAE$F:*-?A$
(I$Q:-R>S$?AR:*&(FSV&,$U&*V$ *VA$c(?&F*V&:FS;$ :F)$*V:*$ :$]?A:*$)A:R$ V:)$ :'*-:RR=$ *?:FS,&?A)$
S&F'A$Q:-R$ U?(*A$ *VA$,?ASAF*$TX$c(?&F*V&:FST"$4V&S$,(&F*;$:R*V(-]V$ S&W,RA;$W:=$ VAR,$ *($
:,,?A'&:*A$ *VA$ '(W,RAE&*=$(I$*V&S$ (FA$ S&F]RA$ .A?SA$&F$ X6"X6"$4VA$ ,?A.&(-S$ S*-)=$U(-R)$
'(FI&?W$ *V:*$ *VA$ WA:F&F]$ (I$*VA$ *AE*$ '(-R)$9A$W:)A$I:?$W(?A$ &F*ARR&]&9RA$ U&*V$ G?A'(P
f(W:F$?VA*(?&'$:F)$9()=$R:F]-:]A$:S$&*S$&WWA)&:*A$ '(F*AE*"$
=/(/?).! 3#?%)+! b[1!
ZRR!
4V:*$!$c(?"$ X6"X6$&S$:F$:-*VAF*&'$ `-(*:*&(F$(I$Q:-R$ I?(W$V&S$c(?&F*V&:F$'?&*&'S$SAAWS$*($
9A$ 9A=(F)$ ?A:S(F:9RA$ )(-9*"$ 4VA$ U(?)$ AW(P'([')$ ZTRA**A?ST+$ VA?A$ U(-R)$ ,?(9:9R=$
&F'R-)A$:*$ RA:S*$*VA$,?ASAF*$TX$c(?&F*V&:FST$:S$ UARR$ :S$ *VA$ (FA$WAF*&(FA)$ &F$X$c(?"$H"\;$
:F)$ ,(SS&9R=$ :RS($ *VA$ T,:&FI-R$ RA**A?T$ &W,R&A)$ &F$!$c(?"$ !"X"$d&F*A?$*V&F^S$ *V:*$ !$c(?"$
X6"X6$T?AIRA'*S$ :$'(F*&F-&F]$)A9:*A$:W(F]$ *VA$ S(,V&S*S$ (.A?$ U?&**AF$ .A?S-S$ AE*AW,(?A$
(?:*(?=;$ :F$ :?]-WAF*$ 9A]-F$ &F$ *VA$ I(-?*V$ 'AF*-?=$ lc"$ <F$ AE'ARRAF*$ AE:W,RA$ (I$ *V&S$
)A9:*A$&S$ I(-F)$&F$*VA$AE'V:F]AS$9A*UAAF$ <R'&):W:S$:F)$ _S('?:*AS"TH\H$ _*$&S$ )&II&'-R*$*($
)A*A?W&FA$ &I$*V&S$c(?&F*V&:F$.A?SA$U:S$ :$*?-A$?AIRA'*&(F$(I$*VA$'R:SS&':R$ *?:)&*&(F$'&*A)$9=$
d&F*A?"$dV:*$ &S$ ?AR:*&.AR=$'A?*:&F$ &S$ *VA$ I:'*$*V:*$Q:-R>S$ '?&*&'S$(9.&(-SR=$*V(-]V*$ *V:*$
*VA?A$U:S$:F$(9.&(-S$)&S'?A,:F'=$ 9A*UAAF$ V&S$TRA**A?ST$UV&'V$ *VA=$'(FS&)A?A)$TUA&]V*=$
:F)$S*?(F]T$:F)$V&S$T9()&R=$,?ASAF'AT$UV&'V$ *VA=$?A]:?)A)$ :S$ TUA:^T;$ :F)$V&S$TS,AA'VT$
UV&'V$*VA=$I(-F)$*($9A$T'(F*AW,*&9RAT"$
l:,A*:&$:F)$ R:E-,(:$ZTUA&]V*=$:F)$S*?(F]T+$W(S*$,?(9:9R=$?AIA?$*(!A#%H$ *VA!8#9%69%$ :F)$
*VA! %#96$ (I$Q:-R>S$ RA**A?S"$4VA$c(?&F*V&:FS$'(-R)$UARR$ 9A$W:^&F]$:$S*:*AWAF*$(I$S&W,RA$
I:'*$VA?A"$_*$U(-R)$9A$ .A?=$?A:S(F:9RA$*($AE,A'*$ *VA$RA**A?$WAF*&(FA)$ &F$X$c(?"$H"\$ *($9A$
TUA&]V*=$ :F)$ S*?(F]T$ S&F'A$ Q:-R$ U:S$ )A:R&F]$ U&*V$ *VA$ .A?=$ ]?:.A$ W:**A?$ (I$ SAE-:R$
&WW(?:R&*=;$ &F$UV&'V$ VA$ &FS*?-'*A)$ *V:*$ *VA$ SAE-:RR=$ &WW(?:R$,A?S(F$ SV(-R)$ 9A$)?&.AF$
(-*$(I$*VA$'(F]?A]:*&(F$ ZH"Xa+;$UV&'V$U:S$ *:F*:W(-F*$ *($TAE'(WW-F&':*&(FT"$<R*V(-]V$
F(*$ *VA$UV(RA$(I$TX$c(?&F*V&:FST$'(-R)$9A$'(FS&)A?A)$ TUA&]V*=$:F)$ S*?(F]T;$W(S*$(I$&*;$
UVA*VA?$ (F$ W:**A?S$ (I$ )('*?&FA$ (?$ '(F)-'*;$ U:S$ 'RA:?R=$ U(?*V=$ (I$ *V:*$ ^&F)$ (I$
)AS'?&,*&(F"$
g(?A(.A?;$*VA$ '(F*AE*$ :S$ UARR$ :S$ *VA$*(FA$(I$*V&S$`-(*:*&(F$ I?(W$Q:-R>S$'?&*&'S$&F$!$c(?"$
X6"X6$ SAAWS$ *($ S-]]AS*$ *V:*$ *VA$ U(?)S! 7/7)0#/$ :F)$ R:E-,(:$ UA?A$ ,?(9:9R=$ -SA)$ &F$ :$
X T X
! e&9+)'.!3/->#+! Z[X1!
ZRZ!
,(S&*&.A$SAFSA$:S$:F$:'^F(URA)]AWAF*"$4V:*$9A&F]$*VA$':SA;$UV:*$*VA$'?&*&'S$ S:&)$FAE*$ P
T9-*$ V&S$ 9()&R=$ ,?ASAF'A$ &S$ UA:^;$ :F)$ V&S$ S,AA'V$ '(F*AW,*&9RAT$P$9A'(WAS$ *VA$W(?A$
&F*?&]-&F];$ AS,A'&:RR=$ UVAF$ *VA$ *U($)&:WA*?&':RR=$(,,(SA)$ (,&F&(FS$UA?A$,-*$ &F$S*:?^$
'(F*?:S*"$ 4VA$ G?AA^$ AE,?ASS&(F! @-"0$ :F)$ @A$ `-&*A$ 'RA:?R=$ S-]]AS*S$ :$ '(F*?:S*"$ dV:*$
Q:-R>S$ '?&*&'S$ V:)$ S:&)$ U:S$ *V-S$ ]?:.A$ :F)$ SA?&(-S;$ 9A':-SA$ *VA$ ?AW:?^$ V:)$ .&?*-:RR=$
:''-SA)$ Q:-R$ (I$ &F'(FS&S*AF'=$ (?$ )&S'?A,:F'=$ 9A*UAAF$ U?&**AF$ U(?)S$ :F)$ V&S$ :'*-:R$
TS,AA'VT$ :F)$ ,A?S(F:R$ '(F)-'*;$ &"A";$ *VA$ :,(S*RA$ )&)$ F(*$ :'*-:RR=$ T)AR&.A?T$UV:*$ VA$
,?(W&SA)$(?$*V?A:*AFA)$ *($)(;$:S$VA$V:)$,?(W&SA)$(?$*V?A:*AFA)$ &F$X$c(?"$#"X\"$_F$(*VA?$
U(?)S;$Q:-R>S$ '?&*&'S$ S-9SA`-AF*R=$ I(-F)$(-*$*V:*$Q:-R$U:S$:'*-:RR=$F(*$:S$ TUA&]V*=$:F)$
S*?(F]T$:S$VA$A:?R&A?$'R:&WA)$(?$T,?A*AF)A)T$*($9A"$0A$U:S$*V-S$:$9R-IIj$_?(F&':RR=;$:S$I:?$
:S$Q:-R>S$ c(?&F*V&:F$'?&*&'S$UA?A$'(F'A?FA);$ &*$U:S$ *VA=$*VAWSAR.AS$ UV($V:)$I(-F)$(-*$
*V:*$ *VA$S:WA$:,(S*RA$ UV($V:)$,?(W&SA)$:F)$ *V?A:*AFA)$ ZX$c(?"$#"X\+$ *-?FA)$(-*$ *($9A$
N-S*$ :$9:)$ T*:R^A?T;$:F)$F(*$?A:RR=$:!=+9$(I$?A:R$ T,(UA?T$ZOU:-1&&K>$ :F)$*?-A$S-9S*:F'Aj$
O-'V$:F$&W,?ASS&(F$(?$(,&F&(F$ :9(-*$Q:-R$9A':WA$.A?=$SA?&(-S$ :F)$):W:]&F]$UVAF$,-*$
&F$ *VA$ ,?(,A?$ '(F*AE*$ (I$G?A'(Pf(W:F$ ?VA*(?&'$ :F)$ 9()=$ R:F]-:]A$ UV&'V$ AE,A'*A)$ :$
=+9$ *($ T)AR&.A?T$UV:*$ VA$ V:)$ ,?(W&SA)$ :F)$ *V:*$ *VA?A$ SV(-R)$ F($ &F'(FS&S*AF'=$ (?$
)&S'?A,:F'=$9A*UAAF$ V&S$ U?&**AF$ U(?)S$ :F)$ &*S$ (?:R$ )AR&.A?=$:F)$ T9()&R=$ ,?ASAF'AT"$<$
](()$(?:*(?$U:S$ -R*&W:*AR=$N-)]A)$9=$V&S$(.A?:RR$ TSARIP,?ASAF*:*&(FT$UV&'V$ SV(-R)$9A$:$
]?A:*$T,A?I(?W:F'AT$&F$&*SARI"$4VA$c(?&F*V&:FS$U(-R)$F(*$(FR=$9A$ I:W&R&:?$U&*V$ *VA$?-RAS$
(I$ S-'V$:$]:WA$9-*$V:)$:,,:?AF*R=$ S-9S'?&9A)$ *($&*$*VAWSAR.AS"$ c(FSA`-AF*R=;$Q:-R$U:S$
N-)]A)$9=$*VA$S:WA$ I&?WR=$ AS*:9R&SVA)$?-RAS"$
g-'V$ V:S$ 9AAF$ S:&)$ &F$ S'V(R:?R=$'&?'RAS$ :9(-*$ *VA$ T9()&R=$ ,?ASAF'AT$ ZI+$ &?:,(-(&:$ *(K$
(Z#&:&(DL+$ (I$Q:-R$ UV&'V$ U:S$ N-)]A)$ 9=$V&S$ c(?&F*V&:F$'?&*&'S$ *($ 9A$ TUA:^T$ Z):GA.&=L+$
9:SA)$(F$Q:-R>S$ `-(*:*&(F$!$c(?"$ X6"X6"$O(WA$ *V&F^$ *V:*$Q:-R$U:S$ ,?(9:9R=$V:W,A?A)$
ZRW!
9=$ T & R R$ VA:R*VT$UV&'V$W:)A$V&S$9()&R=$,?ASAF'A$T-F&W,?ASS&.AT"$ l-*$U:S$ &*$?A:RR=$*VA$
':SAp$k($(FA$ ':F$ 9A$ `-&*A$'A?*:&F$ :9(-*$ &*"$ M&'*(?$ b-?F&SV$ S:=S$*V:*$ TUA:^$ S*:F)S$&F$
)&?A'*$'(F*?:S*$ *($ S*?(F];$ S($ *V:*$ *VA$ '?&*&'&SW$ U(-R)$ SAAW$*($9A$ *V:*$ *VA$ :,(S*RA$ '-*S$ :$
S(??=$I&]-?A$&F$,A?S(F"TH\Y$ l-*$&F$UV:*$SAFSA$U:S$Q:-R$:$TS(??=$I&]-?ATp$0:FS$lA*q$R&F^S$
X$ c(?"$ !"a$ U&*V$ !$ c(?"$ X6"X6;$ :F)$ ,(&F*S$ (-*$ *V:*$ UA:^FASS$ VA?A$ ?AIA?S$ *($ Q:-R>S$
-F:**?:'*&.A$:,,A:?:F'A$?:*VA?$*V:F$&FFA?$IAAR&F]S$&F$R&]V*$(I$*VA$O('?:*&'Pc=F&'$*?:)&*&(F$
&F$ UV&'V$ :$ ,-9R&'$ S,A:^A?>S$ :,,A:?:F'A$ U:S$ N-S*$ :S$ &W,(?*:F*$ :F)$ ,(UA?I-R$ :S$ V&S$
S,AA'V"H\@$ <]:&F;$ Q:-R>S$ :RRA]A)R=$ T-F:**?:'*&.A$ :,,A:?:F'AT$?AW:&FS$ R:?]AR=$:$W:**A?$
(I$ S,A'-R:*&(F$:F)$'(FNA'*-?A$I(?$R:'^$(I$S(R&)$9&9R&':R$:F)$V&S*(?&':R$ A.&)AF'A"$
dV&RA$ W()A?F$ S'V(R:?S>$ T&F*A?,?A*:*&(FST$ (I$Q:-R>S$ T9()&R=$ ,?ASAF'AT$ ?AW:&F$ R:?]AR=$
S,A'-R:*&.A;$ *VA$ c(?&F*V&:FS>$ AE,A'*:*&(F$ (I$:$ ](()$ (?:*(?$ *($ V:.A$ &W,?ASS&.A$ T9()&R=$
,?ASAF'AT$U:S$-F)(-9*A)R=$,:?*$(I$*VA$S('&:R$A*V(S$(I$*VA$*&WA"$h,&'*A*-S$V&]VR&]V*A)$*VA$
&W,(?*:F'A$(I$*VA$,V=S&':R$:,,A:?:F'A$(I$:$*?-A$c=F&'e$TO-'V$:$W:F$FAA)S$:RS($:$'A?*:&F$
^&F)$ (I$9()=""""4V:*$ U:S$ *VA$U:=$(I$r&(]AFAS;$ I(?$VA$-SA)$ *($ ]($ :9(-*$ U&*V$ :$?:)&:F*$
'(W,RAE&(F;$ :F)$ U(-R)$ :**?:'*$ *VA$ :**AF*&(F$ (I$ *VA$ '(WW(F$ ,A(,RA$ 9=$ *VA$ .A?=$
:,,A:?:F'A$ (I$ V&S$ 9()=T$ Za"a!"@%P@\+"$ <?&]F(*-S;$T:$ W:F$ (I$ S-,A?V-W:F$ U&S)(WT;$
)AS'?&9A)$ V&S$ -F:**?:'*&.A$ *A:'VA?$ Q:F'?:*AS$ :S$ T:$ V(R=$ W:F;$ 'RA:F$ SV:.AF;$ &F$UV&*A$
R&FAF;$ :RU:=S$ )AA,$ &F$ *V(-]V*;$ S,A:^&F]$ &W,A?IA'*$ G?AA^;$ *:RR;$ IR:*PF(SA);$ U&*V$
,?(*?-)&F]$R&,S$:F)$*V&FF&SV$RA]ST$ZJ-'&:F;!?H6!5#)6<! #E!5-6C/$ a#+"$lA*q$'(W,:?AS$Q:-R>S$
UA:^FASS$*($J-'&:F>S$Q:F'?:*AS$UV(SA$ S,AA'V$:F)$:,,A:?:F'A$UA?A$-FI&**A)$I(?$,-9R&'$
(?:*(?="H\\$ <]:&F;$ *VA?A$ &S$ F($ U:=$ *($ *ARR$ & I$lA*q>S$ '(W,:?&S(F$ &S$ ?A:RR=$ :,,?(,?&:*A"$
J-'&:F$W:)A$:$SV:?,$'(F*?:S*$ 9A*UAAF$ A)-':*A)$ F(9RA$WAF$U&*V$ T)&]F&I&A)$:,,A:?:F'AT$
X T V
! %8&6)0+#9.!@/%!,-).'! ;1-.'>%+! ZVR1!X T b
! f*'9&68.!l l!"#)-&'/-(&.+! DVQ1!X T Q
! h)+S.! A%)! B1#.'%>! 3(C>C.! C&4! 4-%! .#D)('-.:/%! @)(4-'-#&E! ;-&%! %F%G%'-.:/%! 8&'%).C:/C&G! HC! .%-&%)!
IB1#>#G-%J! K! 7#)-&'/%)! LMNLO!2%*<&9?)9i!4#8'.! RTbZ>.!DD^Xb1!X T T
! h)+S.!3(C>C.+! XW^D1!
ZRD!
P(FQRR-($ A&&44,A&?AB+$ :F)$ WAF$ U&*V$ TSA?.&RA$ :,,A:?:F'AT! P(FQ1($ @(-<1#&%7)%%mUK> $ G&.AF$
*VA&?$ G?A'(Pf(W:F$ 9:'^]?(-F);$ &*$ U(-R)$ 9A$ `-&*A$ ?A:S(F:9RA$ *($ :SS-WA$ *V:*$ Q:-R>S$
c(?&F*V&:F$ '?&*&'S$U(-R)$9A$?:*VA?$ I:W&R&:?$U&*V$*VASA$(?$S&W&R:?$'(W,:?&S(FS;$ :R*V(-]V$
*VA?A$ &S$F($'RA:?$ S-]]AS*&(F$ &F$*VA$c(?&F*V&:F$'(??AS,(F)AF'A$ *V:*$ *VA$c(?&F*V&:F$'?&*&'S$
V:)$&F$I:'*$W:)A$:F=$'(W,:?&S(F$9A*UAAF$Q:-R$:F)$:F=$(I$*VA$'R:SS&':R$I&]-?AS"$
J:?S(F$ &S$ ?&]V*$ &F$ ,(&F*&F]$ (-*$ *V:*$ T-FR&^A$ F(9RA$ 9&?*V;$ UV&'V$ U:S$ &WW-*:9RA;$
W:S'-R&F&*=$ U:S$ :$W:**A?$ (I$,A?'A,*&(F"T%6X$4V:*$Q:-R>S$ T9()&R=$,?ASAF'A$&S$UA:^;$ :F)$
V&S$ S,AA'V$ '(F*AW,*&9RAT$U:S$ R:?]AR=$ :$ W:**A?$ (I$ ,A?'A,*&(F"$ J:?S(F>S$ I&F)&F]S$:RS($
'(FI&?W$ *V:*$ *VA$ ,A?I(?W:F'A$ (I$ :$ S,A:^A?$ U:S$ :RS(! I69:6<$ ,A?I(?W:F'A;$ :$ W:F>S$
)AI&'&AF'=$ &F$SARIP,?ASAF*:*&(F$ '(-R)$A:S&R=$ '?A:*A$:F$(,AF&F]$ I(?$V&S$ ?&.:RS$*($ ?&)&'-RA$
V&W$ :S$ TAIIAW&F:*AT!>=#;;-#<7,FJK$ l:?*(F>S$ S*-)=$ :RS($ SV(US$ *V:*$ T*VA$ :?*$(I$S,(**&F]$:F$
AIIAW&F:*A$W:F$ U:S$ F(*$ I(?A&]F$*($ *VA$ :-*V(?S$ (I$ *?:]A)=;$ KR)$c(WA)=;$ G?AA^$ :F)$
f(W:F$ (?:*(?=$ :F)$ ,(A*?=;$ :F)$ A.AF$ ]?:II&*&"$ g:F=$ (I$ *VA$ S&]FS$ UA?A$ W:**A?S$ (I$
,V=S&`-A$ (?$ ,V=S&':R$ W(.AWAF*"""$"<$ ^A=$ :SS('&:*&(F$ (I$ *VA$ AIIAW&F:*A$ W:F;$ *VA$
"&(-/VVUK! L"-9+-:#C7/$ (?! =#;;-C! LC#E%$ W:F+;$ U:S$ *V:*$ (I$ SAE-:R$ ,:SS&.&*="T%6a$ J:?S(F>S$
(9SA?.:*&(F$ &S$ :,,:?AF*R=$ ?&]V*e$ T:F'&AF*$ (?:*(?S$ UA?A$ *V(-]V*$ *($ )(W&F:*A$ :F)$W:S*A?$
*VA&?$:-)&AF'AS;$S($(FA$UV($R:'^A)$:$ I(?'AI-R$SARIP?A,?ASAF*:*&(F$ '(-R)$9A$)AS'?&9A)$ :S$
>UA:^>"$<F(*VA?$,(SS&9&R&*=;$F(*$W-*-:RR=$AE'R-S&.A$(I$*VA$I&?S*;$&S$*V:*$*VA$?AIA?AF'A$ &S$*($
:'*-:R$,V=S&':R$)&S:9&R&*=;$,-F&FASS;$ (?$UA:^FASS"T%6#$4V&S$*VAS&S$&S$&F'R&FA)$*($*V&F^$*V:*$
Q:-R>S$TUA:^T$9()&R=$,?ASAF'A$&F!Z$c(?"! R[1R[$?AIA??A)$W(?A$*($V&S$SARIP,?ASAF*:*&(F$:S$:$
UV(RA$ &F$ *VA$ '(F*AE*$ (I$ '-??AF*$ ?VA*(?&'$ :F)$ 9()=$ R:F]-:]A;$ ?:*VA?$ *V:F$ *($ *VA$ :'*-:R$
,V=S&':R$ TUA:^FASST$(I$*VA$ :,(S*RA;$ S-'V$ :S$ ,V=S&':R$V:F)&':,$ (?$)AIA'*;$ (I$UV&'V$ *VA$
?A:)A?$ V:S$ R&**RA$ (?$ F($ ^F(URA)]A"$ _F$ *VA$ ,?ASAF*$ '(F*AE*;$ *VA$ c(?&F*V&:F$ '?&*&'S>$
V [ [
! `*-&/9.! @/%!A)%($+! RW1!V [ R
! `/'6#9.! d4/6-*0&9&+5d.!QV1!V [ Z
! `/'6#9.! d4/6-*0&9&+5d.!QQ1!V [ W
! h/'+#9.! dN856	#:&-6d.! RRV1!V [ D
! `/'6#9.d4/6-*0&9&+5d.! QQ1!
ZRX!
&W,?ASS&(F$ :F)$ (,&F&(F$ :9(-*$ Q:-R$ UA?A$ ,A?V:,S$ W(?A$ &W,(?*:F*$ *V:F$ V&S$ :'*-:R$
,V=S&':R$ 9()="$ <S$ *VA$ S*-)=$ (F$ G?A'(Pf(W:F$ S('&A*=$ V:S$ :R?A:)=$ &F)&':*A);$ *VA$
:-)&AF'A>S$ &W,?ASS&(F$ :F)$(,&F&(F$:9(-*$ *VA$(?:*(?$U:S$,:?*$ :F)$,:?'AR$ (I$*VA$]:WA$&F$
?VA*(?&'"$<F)$ 9()=$ R:F]-:]A$ U:S$ (I*AF$ I:?$ W(?A$ AIIA'*&.A$:F)$ ,(UA?I-R$ *V:F$ WA?A$
S-9S*:F'A$ (I$.A?9:R$ AE,?ASS&(F$ &F$)A*A?W&F&F]$*VA$ :-)&AF'A>S$ &W,?ASS&(F$ :F)$(,&F&(F$
:9(-*$*VA$(?:*(?"$
<S$ V:S$ :R?A:)=$ 9AAF$F(*A)$ &F$:$F-W9A?$ (I$,R:'AS$A:?R&A?$ &F$*V&S$ *VAS&S;$ *VA$ '(F*?(.A?S=$
9A*UAAF$ Q:-R$ :F)$ V&S$(,,(FAF*S$ V:)$W-'V$*($)($U&*V$ TS,AA'VT$ Z<(=('"+"$Q:-R>S$S,AA'V$
U:S$ (,AFR=$ 'AFS-?A)$ 9=$ V&S$ (,,(FAF*S$ :S$ '(F*AW,*&9RA"$l-*$ )&)$*VA$ *A?W$<"%.(DL$VA?A$
?AIA?$*($S*=RA$(?$*($'(F*AF*p$J:?S(F$&S$?&]V*$&F$*V&F^&F]$*V:*$ T&F$ .&AU$(I$*VA$U:=$&F$UV&'V$
*VA$S(-?'AS$(F$?VA*(?&'$:F)$,V=S&(]F(W=$'(FS&S*AF*R=$.&AUA)$9(*V$,V=S&':R$:,,A:?:F'A$
:F)$*VA$S(-F)$(I$*VA$.(&'A$:S$)-:R$?A`-&?AWAF*S$ I(?$S-''ASS$:S$:$,-9R&'$S,A:^A?;$&*$SAAWS$
*V:*$ *VA$ (,,(FAF*S$ UA?A$ ,?(9:9R=$ ?AIA??&F]$*($ :$ R:'^$ (I$ &W,?ASS&.A$ Z&"A";$ W:S'-R&FA+$
)A,(?*WAF*$ &F$ *VA$ U:=$ Q:-R$ 9(*V$ R((^A)$ Z9()&R=$ ,?ASAF'A+$ :F)$ S(-F)A)$ ZS,AA'V+"$
O,AA'V$,R:=A)$:$'?-'&:R$?(RA$&F$*VA$,A?I(?W:F'A$(I$]AF)A?"T%6H$
<F$ &W,(?*:F*$ `-AS*&(F$ :,,:?AF*R=$ )ASA?.AS$ I-?*VA?$ &F.AS*&]:*&(Fe$d:S$ Q:-R$ :'*-:RR=$
)AI&'&AF*$&F$W:S'-R&FA$ .&?*-AS$(?$)&)$VA$U&RR&F]R=$ :RR(U$ *V(SA$T.&?*-AST$*($9A$ :9?(]:*A)$
I(?$*VA$S:^A$(I$*VA$](S,AR;$S($:S$*($:RR(U$*VA$,(UA?$(I$G()$*($*?-R=$W:F&IAS*$&*SARI$ &F$:F)$
*V?(-]V$V&S$(UF$V-W:F$UA:^FASS;$S($*V:*$*VA$ I:&*V$(I$*VA$c(?&F*V&:FS$W&]V*$?AS*$TF(*$(F$
V-W:F$U&S)(W$9-*$(F$*VA$,(UA?$(I$G()T$ZX$c(?"$!"H+p$<''(?)&F]$*($*VA$G?A'(P$f(W:F$
'(F'A,*$ (I$W:S'-R&F&*=;$ :$?A:R!=+9$)&)$F(*$'A)A$,(UA?$(?$'(F*?(R$*($:F(*VA?;$ :S$SR:.AS$
:F)$U(WAF$)&)"$ _I$Q:-R$V:)$&F)AA)$)(FA$S(;$&*$U(-R)$9A$`-&*A$'(F'A&.:9RA$ &F$.&AU$(I$V&S$
V [ X
! `/'6#9.! d4/6-*0&9&+5d.! QT1!
ZRV!
U&RR&F]FASS$*($9A$:$H(K<"('$(I$cV?&S*;$ :F)$&*$U(-R)$9A$:$'V(&'A$UV&'V$U:S$*V(?(-]VR=$
'(FS&S*AF*$ U&*V$ V&S$ (.A?:RR$ &F*AF*&(F$*($ &F.A?*$ *VA$ '-??AF*$ S('&:R$ A*V(S$ U&*V$ V&S$ ](S,AR$
UV&'V$V:)$SV:,A)$ :F)$I(?WA)$V&S$(UF!=#:0C! #46<+9:-,!
dVA*VA?$ &*$U:S$ 9=$ 'V(&'A$ (?$ 9=$ :'*-:R$ )AI&'&AF'=;$Q:-R>S$ :RRA]A)R=$ TUA:^T$,V=S&':R$
:,,A:?:F'A$ :F)$ T'(F*AW,*&9RAT$ S,AA'V$ U(-R)$ V:.A$ )&S`-:R&I&A)$ V&W$ I?(W$ 9A&F]$ :$
?AS,A'*:9RA$ WAW9A?$ (I$*VA$AR&*A$9=$*VA$ R(F]$ :F)$ I&?WR=$AS*:9R&SVA)$ S*:F):?)$ (I$G?A'(P
f(W:F$?VA*(?&'$:F)$*VA$'(F'A,*$(I$W:S'-R&F&*="$l=$*VA$S:WA$S*:F):?)$Q:-R$'(FSA`-AF*R=$
9A':WA$:F$AW9:??:SS&F]$ I&]-?A$:S$I:?$:S$V&S$c(?&F*V&:F$'?&*&'S$UA?A$ '(F'A?FA)"%6Y$
rAS,&*A$*VA$W:F=$'(FNA'*-?AS;$S,A'-R:*&(FS$ :F)$ &F*ARR&]AF*$]-ASSAS;$F($(FA$':F$:'*-:RR=$
9A$'A?*:&F$:S$ *(!H#D$ T-F&W,?ASS&.AT$Q:-R>S$ T,V=S&':R$,?ASAF'AT$?A:RR=$U:S$ :F)$&F$UV:*$
,?A'&SA$ W:FFA?$ U:S$ V&S$ S,AA'V$ T'(F*AW,*&9RAT"$<$W(S*$ ]?:,V&'$ )AS'?&,*&(F$(I$ Q:-R>S$
,V=S&':R$ :,,A:?:F'A$ &S$ I(-F)$ &F$ *VA! M8%C! #E! N+0;! +9:! ?H6";+$ a;$ &F$ UV&'V$ Q:-R$ U:S$
,(?*?:=A)$:S$ T:$W:F$SW:RR$&F$S&qA;$9:R)PVA:)A);$ 9:F)=PRA]]A)"""U&*V$A=A9?(US$WAA*&F];$
?:*VA?$ V((^PF(SA)"T$ 4V&S$ ,(?*?:&*$U:S$ 'RA:?R=$W(S*$ T-F&W,?ASS&.AT"$ 0(UA.A?;$ (FA$
W-S*$ (9.&(-SR=$9A$ :U:?A$ (I$ *VA$ :,('?=,V:R$ F:*-?A$ (I$ *VA$ S(-?'A"%6\$ l-*$ O:.:]A$ V:S$
&FIA??A)$ I?(W$ S(-?'AS$ S-'V$ :S$ *V&S$ *V:*$ T,A?V:,S$ V&S$ V-W9RA$ ,V=S&':R$ ,?ASAF'A$ &S$
:IIA'*&F]$V&S$S,AA'V"T%X6$
_F$ .&AU$ (I$*VA$-F'A?*:&F*=$S-??(-F)&F]$*VA$WA:F&F]$(I$Q:-R>S$ TUA:^T$9()&R=$,?ASAF'A;$
*VA$I(RR(U&F]$,(&F*S$W:=$9A$U(?*V$'(FS&)A?&F]e$
L`/'6#9.d4/6-*0&9&+5d.! TR1!V [ b
! `&+,&9.!3)#:>($('-#&+! RVR1!V [ Q
! j1! "1!c00&#++.! @/%!B1#:)*1/(>! S%?!@%.'($%&'E! B! "#>>%:'-#&! #Q!B1#:)*1/(>! "/)-.'-(&! T-'%)('C)%! -&!(&!
;&G>-./! @)(&.>('-#&! 2JI,#'$i!M0/')9$#9.!RTTW>.! WVD1! =))! 4/0&9/! /9$!j)'#:)!g1!n)5')5.! 3#)')(-'.! #Q!
3(C>E! B&!B):/(%#>#G*! #Q!B&:-%&'! 3%).#&(>-'*! 2`#*&6(&00).!"oi! e)6+:&96+)'! j#89!"9#I! N')66.! RTTV>1!
k#<)'+!41!@'/9+.! d%8)!a)6-'&7+	!#,!N/*0! &9!+8)!F-+6!#,!N/*0!/9$!%8)-0/d.! U-G->-(%! "/)-.'-(&(%! 2RTQZ>.!
WV1R^D1! F<'/8/:! j1!4/08)'<).! dF!N856&-/0!a)6-'&7+	! #,! N/*0d.! V()W()4! @/%#>#G-:(>! 5%W-%?! 2RTQV>.!
bT1Rb[^bX1!V [ T
! %8)!$#-*:)9+!;/6!;'&++)9!&9!+8)!0/+)!Z9 $
!-)9+*'51!4/0&9/.!3#)')(-'.! #Q!3(C>+! RZb1!V R [
! =/(/?).!3#?%)+X! R2!
ZRb!
b&?S*R=;$*VA$ T9()&R=$,?ASAF'AT$(I$Q:-R$'(-R)$UARR$9A$:S$-F&W,?ASS&.A$ :S$ &*$U:S$ )AS'?&9A)$
:''(?)&F]$*($S(-?'AS$S-'V$:S$*VA!M8%C! #E!N+0;! +9:!?H6";+$ a"$_F$*V:*$':SA;$*VA?A$U(-R)$9A$
A.A?=$?A:S(F$I(?$Q:-R$*($9A$)AS,&SA)$ :''(?)&F]$*($*VA$S('&:R$A*V(S$(I$*VA$*&WA;$AS,A'&:RR=$
&F$ *VA$ '(F*AE*$ (I$ G?A'(Pf(W:F$ ?VA*(?&'$ :F)$ S('&A*=>S$ ,A?'A,*&(F$ (I$ W:S'-R&F&*="$_F$
?VA*(?&';$*VA$S,A:^A?$U:S$AE,A'*A)$ *($9A$V:F)S(WA;$ SARIP'(FI&)AF*;$:SSA?*&.A;$ S*?(F]$:F)$
&W,(S&F]$UV&'V$AF:9RA)$ V&W$*($'(WW:F)$?AS,A'*$:F)$:**AF*&(F;$:F)$-R*&W:*AR=$:,,?(.:R$
:F)$,?:&SA"$dVAF$&*$':WA$*($*VA$:'*-:R$T)AR&.A?=T$(I$*VA$S,AA'V$UV&'V$)A,AF)A)$ :$R(*$(F$
TSARIP,?ASAF*:*&(FT;$ :F$:**?:'*&.A$:F)$9:R:F'A)$ 9()=$U(-R)$ *VAF$ :RR(U$ *VA$ (?:*(?$*($ -SA$
:RR$ *VA$9()=$,:?*S;$ `-&*A$ R&*A?:RR=$ TI?(W$VA:)$ *($*(AT;$ I-RR=$ :F)$ S^&RI-RR=$*($AFV:F'A$*VA$
UV(RA$ ,?ASAF*:*&(F"$ _*$U:S$ VA?A$ *V:*$ *VA$ ,(UA?$ :F)$ 'V:?W$ (I! A#:$! ;+9I0+I6$ 9A':WA$
W(?A$ A.&)AF*"$ l-*$ & I$*VA$ ,((?$ :,(S*RA>S$ ,V=S&':R$,?ASAF'A$U:S$ ?A:RR=$ :S$ &*$U:S$ 9A&F]$
,(?*?:=A)$ &F$ S(-?'AS$ S-'V$ :S$ *VA$ :,('?=,V:R! M8%C/$ VA$ 'A?*:&FR=$ V:)$ .A?=$ R&**RA$ *($
T,?ASAF*T"$ _ I$ VA$ UA?A$ ]&.AF$ :$ 'V:F'A$ *($ T)AR&.A?T$ :$ I(?W:R$ S,AA'V;$ Q:-R>S$ TSARIP
,?ASAF*:*&(FT$ U(-R)$ W:^A$ V&W$R((^$ W(?A$ R&^A$ :$,:*VA*&'$ 'R(UF$ UV($U:S$ (FR=$ I&*$ I(?$
,-9R&'$ AF*A?*:&FWAF*$ ?:*VA?$ *V:F$ :$ SA?&(-S$ :F)$ ?AS,A'*:9RA$ (?:*(?;$ :''(?)&F]$ *($ *VA$
S*:F):?)$ (I$ G?A'(Pf(W:F$ ?VA*(?&'"$g(?A(.A?;$ A.AF$ &I$Q:-R>S$ :RRA]A)R=$ -F&W,?ASS&.A$
,V=S&':R$,?ASAF'A$U:S$S(WA*V&F]$*V:*$VA$U:S$9(?F$U&*V;$(?$)-A$*($'A?*:&F$9()&R=$)AIA'*S$
I?(W$ UV&'V$ VA$ S-IIA?A)$S-9SA`-AF*R=;$ VA$ '(-R)$F(*$ ,(SS&9R=$ AE,A'*$ (?$ S(R&'&*$ ,-9R&'$
-F)A?S*:F)&F]$ :F)$ S=W,:*V=$ I(?$*V:*$ A&*VA?;$ :''(?)&F]$ *($*VA$G?A'(Pf(W:F$ ,A?'A,*&(F$
(I$ W:S'-R&F&*="$4VA$ I:&R-?A$*($ 'R(SAR=$ W(F&*(?$ *VA$ ,V=S&':R$ )A.AR(,WAF*$ (I$ :$ W:RA$
,A?S(F$ I?(W$ 9&?*V$ (?$ *($ ?A'*&I=$ :F=$ 9()&R=$ )AIA'*$ U(-R)$ S&W,R=$ F(*$ 9A$ :''A,*A)$ 9=$
S('&A*="$
OA'(F)R=;$ *VA$ :RRA]A)R=$TUA:^T$9()&R=$,?ASAF'A$(I$Q:-R$FAA)$ F(*$FA'ASS:?&R=$ &W,R=$*V:*$
VA$U:S$ :'*-:RR=$ S-IIA?&F]$ I?(W$'A?*:&F$ 'RA:?R=$F(*&'A:9RA$ 9()&R=$ )AIA'*$ (?$)AIA'*S"$4VA$
,?A.&(-S$S*-)=$V:S$ SV(UF$*V:*$:''(?)&F]$*($*VA$S*?&F]AF*$?-RAS$(I$G?A'(Pf(W:F$ ?VA*(?&'$
!X@$
:F)$*VA$ ?&]&)$,A?'A,*&(F$ (I$W:S'-R&F&*=;$A.AF$ *VA$TSARIP,?ASAF*:*&(FT$ :F)$T)AR&.A?=T$(I$:$
,A?IA'*R=! 9#<=+;$ ,A?S(F$ U(-R)$ 9A$ '(FS&)A?A)$ TUA:^T$ -FRASS$ :RR$ *VA$ 9()=$ ,:?*S$ UA?A$
)AR&9A?:*AR=$,-*$ &F$I-RR$:F)$AIIA'*&.A$-SA$ R&^A$:F$(?'VAS*?:"$ Q:-R;$UV($V:)$ I&?WR=$)A'&)A)$
T*($ ^F(U$F(*V&F]T$:W(F]$ *VA$ c(?&F*V&:FS$ TAE'A,*$ iAS-S$cV?&S*;$ :F)$ V&W$'?-'&I&A)T$ZX$
c(?"$ !"!+;$ :F)$ U:S$ A`-:RR=$ )A*A?W&FA)$ *($ ,?('R:&W$ *VA$ ](S,AR$ TF(*$ U&*V$ AR(`-AF*$
U&S)(WT$ZX"XYL$'I"$!"#+;$U:S$W(S*$ -FR&^AR=$ *($:)VA?A$*($*VA$ S*?&'*$?-RAS$ :F)$ '(F.AF*&(FS$
(I$ G?A'(Pf(W:F$ ?VA*(?&'$(?$-F'?&*&':RR=$SV:?A$*VA$'-??AF*$,A?'A,*&(F$(F$W:S'-R&F&*="$b(?$
*($ )($ S($ U(-R)$ 9A$ *:F*:W(-F*$ *($AW,*=&F]$*VA$'?(SS$(I$cV?&S*$ (I$&*S$,(UA?$ ZX"XY+$:F)$
U(-R)$W:^A$*VA$ I:&*V$(I$c(?&F*V&:FS$?AS*$(F$TV-W:F$U&S)(WT$?:*VA?$ *V:F$(F$T*VA$,(UA?$
(I$G()T$Z!"H+"$
i-S*$R&^A$*VA$TUA:^T$9()&R=$,?ASAF'A$(I$Q:-R;$V&S$:RRA]A)R=$T'(F*AW,*&9RAT$S,AA'V$U(-R)$
:RS($9A'(WA$W(?A$ &F*ARR&]&9RA$:F)$WA:F&F]I-R$UVAF$,-*$&F$*VA$'(F*AE*$(I$G?A'(Pf(W:F$
?VA*(?&'$ :F)$W:S'-R&F&*="$4VA$ G?AA^$ U(?)$ I(?$TS,AA'VT$ &F$ *V&S$ .A?SA$ &S! *#$#8/,$ 4V&S$ &S$
?:*VA?$ ,?(9RAW:*&';$:S$3AFFA)=$V:S$ ?&]V*R=$F(*A)e$T*VA$G?AA^$ U(?)$ I(?$S,AA'V$&S! ;#$#8//!
:F$ :W9&]-(-S$ :F)$ S(WA*&WAS$ W=S*&':R$'(F'A,*$ UV&'V$W:=$ ?AIA?$ '(F'?A*AR=$ *($ :$U(?);$
U(?)S;$(?$:F$AF*&?A$(?:*&(F;$(?$W:=$9A$-SA)$:9S*?:'*R=$ *($&F)&':*A$*VA$WA:F&F]$9AV&F)$:$
U(?)$(?$AE,?ASS&(F$ (?$*VA$,(UA?$(I$*V(-]V*$:F)$(?]:F&q:*&(F$(?$*VA$?:*&(F:R$,?&F'&,RA$(I$
*VA$ -F&.A?SA$ (?$ *VA$ U&RR$ (I$G()"$KF$*VA$ V-W:F$ RA.AR$&*$&F.(R.AS$W:F>S$ *V(-]V*$ :F)$V&S$
I-F'*&(F$ &F$ S('&A*=;$ :F)$ &*$ I-?*VA?$ &F'R-)AS$ :?*&S*&'$ '?A:*&.&*=$ :F)$ *VA$ ,(UA?$ (I$
,A?S(F:R&*="T%XX$
i-)]&F]$ I?(W$ *VA$ I?A`-AF*$ :,,A:?:F'A$ (I$ *VA$ *A?W$ [(=(]$ &F$ .:?&(-S$ '(F*AE*S$ &F$ *VA$
c(?&F*V&:F$ RA**A?S$ :F)$ *VA$ UV(RA$ '(W,RAE&*=$(I$ *VA$ c(?&F*V&:F$,?(9RAWS$ UV&'V$ V:)$ :$
]?A:*$ )A:R$ *($)($ U&*V$ TS,AA'VT;$ TAR(`-AF'AT;$ TU&S)(WT$A*'";$ &*$U:S$ `-&*A$ -FR&^AR=$ *V:*$
V R R
! ")99)$5.!3%).C(.-#&+! Q1!
ZRT!
*VA$ U(?)$ [(=(]$ &F$!$c(?"$ X6"X6$U(-R)$ (FR=$WA:F$ :F$(?)&F:?=$TU(?)T$ (?$ TU(?)ST"$<S$
Q:-R$ &F$ *VA$ c(?&F*V&:F$ RA**A?S$ UA?A$ A`-:RR=$ '(F'A?FA)$ U&*V$ 9(*V$ *VA! 8#9%69%$ (I$ *VA$
WASS:]A$(I$ *VA$ '?(SS$ :F)$ *VA! =+996<$ (I$ &*S$ ,?('R:W:*&(F;$(?$ T)AR&.A?=T;$&*$U(-R)$ 9A$
`-&*A$?A:S(F:9RA$*($:SS-WA$*V:*$*VA$U(?)!"#$#8/$VA?A$W&]V*$:RS($V:.A$*($)($U&*V! A#%H$ *VA$
8#9%69%$ :F)$ *VA! =+996<$ (I$ &*S$ T)AR&.A?=T$ UV&'V$ &F.(R.A)$ *VA$ UV(RA$ (I$ TSARIP
,?ASAF*:*&(FT$ &F$ ?VA*(?&':R$ *A?WS"$ 4VA$ :9(.A$ S*:*AWAF*$ (I$ 3AFFA)=$ :9(-*$ T:?*&S*&'$
'?A:*&.&*=$:F)$*VA$,(UA?$(I$,A?S(F:R&*=T$&S$*VA?AI(?A$?ARA.:F*$:F)$&W,(?*:F*"$
_I! *#$#8/$ UA?A$ *($ 9A$ ?A]:?)A)$ :S$ *VA! 8#9%69%$ (I$Q:-R>S$ ](S,AR;$ &F$UV:*$ SAFSA$U:S$ *VA$
8#9%69%$ (I$Q:-R>S$](S,AR$ S($FA]:*&.AR=$?A]:?)A)$ :S$T'(F*AW,*&9RATp$<SS-W&F]$*V:*$*VASA$
c(?&F*V&:F$'?&*&'S$UA?A$cV?&S*&:FS;$(*VA?U&SA$*VA=$U(-R)$V:.A$F(*V&F]$*($)($U&*V$Q:-R$&F$
*VA$ '(F*AE*$ (I$ *VA$ c(?&F*V&:F$'V-?'V;$ &*$U:S$ .A?=$ -FR&^AR=$ *V:*$ *VA=$ U(-R)$ ?A]:?)$ *VA$
8#<6$ ](S,AR$WASS:]A$&*SARI$ :S$ T'(F*AW,*&9RAT;$(*VA?U&SA;$UV=$SV(-R)$*VA=$AW9?:'A$*VA$
cV?&S*&:F$ I:&*V$&F$*VA$ I&?S*$,R:'Ap$<S$S-'V;$ &*$U(-R)$9A$`-&*A$?A:S(F:9RA$*($S-]]AS*$*V:*$ &I$
*VA$'(F*AF*$ (I$Q:-R>S$](S,AR$U:S$ &F$:F=$U:=$T'(F*AW,*&9RAT$*($*VA$c(?&F*V&:F$'?&*&'S;$&*$
U(-R)$ ,?(9:9R=$ F(*$ 9A$ *VA$ '(?A$ WASS:]A$ (I$ *VA$ ](S,AR$ :S$ S-'V;$ 9-*$ &*S$ R:'^$ (I$
S(,V&S*&':*&(F;$9=$*VA$S*:F):?)$ *VA=$V:)$:''A,*A)$ I?(W$*VA$G?A'(Pf(W:F$ S('&:R$A*V(S"$_ I$
*VA$'(?A$WASS:]A$(I$Q:-R>S$](S,AR$U:S$:S$ S&W,RA$:F)$-FS(,V&S*&':*A)$ :S$ *VA$:,(S*RA$ ,-*$
&*;$ A"]";$ &F$X$c(?"$!"!;$S&W,R=$N-S*$TiAS-S$cV?&S*;$:F)$V&W$'?-'&I&A)T;$(?$:S$ &F$X$c(?"$XH"aP
H;$ S&W,R=$ :9(-*$ cV?&S*>S$ )A:*V;$ 9-?&:R$ :F)$ ?AS-??A'*&(F;$ *VA$ S(,V&S*&':*A)$ :F)$
,V&R(S(,V&':RR=$W&F)A)$'(-R)$V:.A$I(-F)$&*$?:*VA?$ T'(F*AW,*&9RAT"$dV:*$V:S$ 9AAF$S:&)$
VA?A$ &S$ :)W&**A)R=$?:*VA?$ S,A'-R:*&.A;$ 9A':-SA$ &*$W&]V*$UARR$ F(*$ 9A$ *VA$ ':SA$UVAF$ *VA$
'?&*&'S$ -SA)$ *VA$ U(?)$ T'(F*AW,*&9RAT$ ZA&N(-GA.?&-&.(';+$*($)AS'?&9A$ *VA$ '(F*AF*$ (I$Q:-R>S$
TS,AA'VT! >*#$#8/7,$_*$U:S$ ,A?V:,S$ I:?$W(?A$ R&^AR=$ *V:*$ *VA$ T'(F*AW,*&9RAT$TS,AA'VT$Z%$
<"%=(DL$A&N(-GA.?&-&.>(';+$U:S$?AIA??&F]$*($Q:-R>S!=+996<$ (I$,?ASAF*:*&(F;$ (?!A#:$! ;+9I0+I6,!
4V&S$ U(-R)$ W:^A$W-'V$9A**A?$ SAFSA$&F$.&AU$ (I$UV:*$ *VA$ '?&*&'S$V:)$ S:&)$ :9(-*$ Q:-R>S$
ZZ[!
!"#$%!& '()*+,-& ./#0#12#!& 3!4" !!#$%&'(#" !)*& )2)56$7)28&$$9#:+;246& <7&")5,*& $,0)& $..#$/&;$/&
=)/#&,)>+2$,&"?#1&.57& +1&7?#&2)17#@7&) ;&9/#2)6A)=$1& /?#7)/+2&$1*&=$025,+1+7-B&
<1& :+#"& );&"?$7& ?$0& (##1& 0$+*& #$/,+#/C& 7?#/#& +0& 1)& 1##*& 7)& #,$()/$7#& )1& 7?#& =#$1+1>&);&
!0.##2?!& +1&7#/=0& );&*#,+:#/-&$1*& 0#,;6./#0#17$7+)1B&D1#& 2/52+$,& $1*& .5EE,+1>&F5#07+)1C&
?)"#:#/C& ?$0& -#7& 7)&(#& $10"#/#*G& H?-&?$*& +7&7$%#1& 0)& ,)1>& ;)/&7?#& I)/+17?+$1&2/+7+20& 7)&
/#$,+E#C&)/&;)/&7?#& 2/+7+2+0=& 7)&(#?)#*& (-&J$5,C&7?$7&"?+,#&J$5,'0& ,#77#/0&"#/#&!"#+>?7-&
$1*& 07/)1>!C& ?+0& ()*+,-& ./#0#12#& "$0& !"#$%!& $1*& ?+0& 0.##2?& !2)17#=.7+(,#!K& <7& ?$*&
(##1& F5+7#& $&;#"&-#$/0&1)"& 0+12#& J$5,& ;+/07&(/)5>?7& 7?#& >)0.#,& 7)& 7?#=& +1&I)/+17?B&L$*&
7?#0#& 0?$/.C& )(0#/:$17C& +17#,,+>#17& $1*& 2/+7+2$,& I)/+17?+$10& 1)7& 2,#$/,-& 1)7+2#*& J$5,'0&
"#$%1#00#0C& #0.#2+$,,-& ?+0& 51+=./#00+:#& !()*+,-& ./#0#12#!& $1*& ?+0& 2)17#=.7+(,#&
!0.##2?!&#:#1! "#$%& +1&7?#& 2)5/0#& );&)1#& -#$/& $1*& 0+@&=)17?0& 3M270& NOBNN4K& M& .)00+(,#&
#@.,$1$7+)1& =$-& (#& .57& +1& 7?#& ;), ,)"+1>& "$-B& <7& 2)5,*& "#,,& (#& 7?$7& $7& 7?#+/& +1+7+$,&
#12)517#/& "+7?& J$5,C& 7?#-& "#/#& 0)& +=./#00#*& $1*& ;$02+1$7#*&(-& 7?#& $(0),57#,-& 1#"& $1*&
2?$,,#1>+1>& >)0.#,& "?+2?& J$5,& (/)5>?7& 7?$7& #:#1& 0)=#& );& 7?#& $..$/#17& "#$%1#00#0&);&
J$5,&"#/#& 0)=#?)"& ):#/,))%#*&)/&(#2$=#&0#2)1*$/-B& P)/#):#/C&7?#/#& "$0& $,0)& $1)7?#/&
.)00+(,#& ;$27)/&$()57& "?+2?& )1#& 2)5,*& (#&=)/#& 2#/7$+1C&+B#BC&7?#& 0+=.,#&;$27&7?$7&1)&,#77#/&
0##=0&7)&?$:#& (##1& "/+77#1& +1&7?#& 2)5/0#& );&J$5,'0& ;+/07& :+0+7B& M0&052?C& 7?#/#& "$0&Q507& 1)&
)22$0+)1! "#$%& ;)/& 7?#& 2/+7+2$,& I)/+17?+$10& 7)& 2)=.$/#& 7?#& $.)07,#'0& ,#77#/0& "+7?& ?+0&
!()*+,-& ./#0#12#!& $1*& ?+0& !0.##2?!B& R57& $& ,)7& ?$*& 7/$10.+/#*& 0+12#& 7?#1B& M 7& ,#$07& 7")&
,#77#/0& ?$*&(##1& "/+77#1& (#;)/#&7?#&./#0#17& !S&I)/+17?+$10!C&$1*& 7?#& 2?5/2?&0+75$7+)1&?$*&
1)"& 75/1#*& ; /)=& ($*& 7)& ")/0#C& +12,5*+1>& 2?5/2?& 02?+0=0& "?+2?& +1:),:#*& J$5,& ?+=0#,;&
$1*& )7?#/0& .#/0)1$,,-B& T?#& I)/+17?+$10C�.#2+$,,-& J$5,'0& 2/+7+20C& 1$75/$,,-&*+*&1)7& ,+%#&
0)=#&);&7?#& 7?/#$7#1+1>& ")/*0& );&7?#& $.)07,#B& <1&"?$7&"$0& $..$/#17,-& J$5,'0! &'()"& ,#77#/&
7)& 7?#=& 3N& I)/B& UBV4& ?#& ?$*& $,/#$*-& *#=$1*#*& !#@2)==51+2$7+)1!&;)/& 7?#& !0#@5$,,-&
+==)/$,& .#/0)10!G& !W/+:#& )57& 7?#& "+2%#*& .#/0)1& ;/)=& $=)1>& -)5!& 3UBNX4B& <1&YBNO6SNC&
++,"
7?)0#& "?)& ;#,7& 7?/#$7#1#*& $1*& ?5/7& (-& J$5,'0& 0#:#/#& "$/1+1>& "#/#& 2,#$/,-& ;$/& =)/#&
15=#/)50B& Z)/& 0)=#& );& 7?#& I)/+17?+$10C& 7?#0#& ")/*0& );& J$5,& 1)7& )1,-& 0)51*#*&
7?/#$7#1+1>C& 7?#-&2)5,*&"#,,& (#&=+02)107/5#*& $0&(#+1>& $//)>$17& $0& "#,, B&
[5*>+1>& ; /)=&0)=#&);&7?#& 2)17#170& );&7?#&./#0#17& !N&I)/+17?+$10!C& 7?#& ,#77#/& "$0& 2,#$/,-&
!"#+>?7-& $1*& 07/)1>!C& $,7?)5>?& 7?+0& /#=$/%& );&J$5,'0& 2/+7+20&2)5,*& (#& 7$%#1& #+7?#/& $0& $&
2)=.,+=#17& )/& $0& $&2,#$/& +1*+2$7+)1&);&7?#+/&*+0.,#$05/#&"+7?& +7 C�.#2+$,,-& "?#1& 0)=#&);&
+70& 2)17#170& "$0& *+/#27#*& $>$+107& 7?#=B& M,7?)5>?&7?#& ,#77#/&=#17+)1#*& (-& J$5,& +1& N&I)/B&
UBV& 2$11)7& (#& 7/$2#*C& )1#& 2)5,*&F5+7#& /#$0)1$(,-& $005=#&7?$7& +7&")5,*& (#& !"#+>?7-& $1*&
07/)1>!& $0& "#,, C& 0+12#& +7&"$0& *#$,+1>& "+ 7?& 052?& $& 0#/+)50& =$77#/& $0& 0#@5$,& +==)/$,+7-B&
H+7?& $7& ,#$07& 7")& );&J$5,'0& !,#77#/0!& $7& 7?#+/& *+0.)0$,& $1*& ./#05=$(,-& $,0)& ?$:+1>&0##1&
7?#& $.)07,#& $7& ,#$07& 7"+2#!%*+,& 7?#& I)/+17?+$1&2/+7+20&"#/#& +1& $& >))*& .)0+7+)1&7)&=$%#& $&
2)=.$/+0)1& )/& 0?$/.& 2)17/$07& (#7"##1& ?+0& ,#77#/0& "?+2?& 7?#-& 2)10+*#/#*& !"#+>?7-& $1*&
07/)1>!& $1*& ?+0& !()*+,-& ./#0#12#!&"?+2?& 7?#-& 1)"& *#02/+(#*& $0& !"#$%!& $1*& ?+0& 0.##2?&
$0& !2)17#=.7+(,#!B& \#/-&=52?& 51,+%#&J$5,'0& ;+/07& :+0+7& "?#1& 7?#-& =+>?7&?$:#& ,))%#*& $7&
$,,& $0.#270& );& J$5,C& +12,5*+1>& ?+0& ()*+,-& ./#0#12#& $1*& 0.##2?& +1& 0)=#& +11)2#17& $1*&
51(+$0#*& "$-0C& 7?#-&=+>?7!%*+& ?$:#&2?$1>#*& 7?#+/& +1+7+$,& $77+75*#& $1*& +=./#00+)1& $()57&
J$5,& *5#& 7)& 7?#& */$07+2$,,-& 2?$1>#*& 0+75$7+)1B& ]52?& $& (+>& 2?$1>#& +1& 7?#& I)/+17?+$10'&
$77+75*#& 7)"$/*0& J$5,& 2)5,*& "#,,& (#& *5#C& $7& ,#$07& +1&.$/7C& 7)& 7?#& .)"#/;5,&./#0#12#& $1*&
+1;,5#12#& );& 7?#& !05.#/6$.)07,#0!B& D7?#/"+0#& J$5,& ")5,*& 1)7& ?$:#& 50#*& 052?& 07/)1>&
")/*0& 7)& 2)=.$/#& ?+=0#,;& "+7?& 7?#=& 3S& I)/B& NNBN^6SX4B& < ;&J$5,& +1& ?+0& ;+/07& :+0+7& "#/#&
/#>$/*#*& (-& $,,&$0& $&!;/+#1*!C&7?)0#&"?)&"#/#& 05..)/7#/0& );&7?#& !05.#/6$.)07,#0!&)/& )7?#/&
,#$*#/0& ")5,*& ?$:#& 7)& 7/#$7& ?+=&:#/-& *+;;#/#17,-C& + ;&1)7& +1& ;$27& $0& 7?#+/& !#1#=-!! %*+-!
P)/#):#/C& +1& :+#"& );&"?$7& J$5,& ?$*& ./)=+0#*& )/& 7?/#$7#1#*& +1& N&I)/B& YBNO& $1*& NV& ?+0&
2/+7+20& ")5,*& 1)"& 1$75/$,,-& "$72?& :#/-& 2,)0#,-& 7)& 0##& + ;&?#& 2)5,*! .$/'0$(& "?$7& ?#& ?$*&
./)=+0#*& $1*& 7?/#$7#1#*& 7)& *)B& M0& ?$0& $,/#$*-& (##1& 1)7#*& #$/,+#/C& J$5,'0& 2/+7+20&
+++"
$..$/#17,-& *+*&1)7& ,+%#& 7?)0#&7?/#$7#1+1>& ")/*0& +1&YBNO6NV& ; /)=&7?#& 7+=#&"?#1& 7?#-& ;+/07&
/#2#+:#*& 7?#=B& T?/)5>?& 2/+7+2$,C& #:#1& ?-.#/62/+7+2$,&#-#0C& 7?#-& ")5,*& 51*#/07$1*$(,-&
$00#00& $1*& #@$=+1#& J$5,& ;/)=& $& :#/-& *+;;#/#17&.#/0.#27+:#& 1)"8& $1*& 7?/)5>?& 7?#+/&
02/57+1-C& 7?#-& 1)"& *+02):#/#*& $& :#/-& *+075/(+1>& +12)10+07#12-& )/& *+02/#.$12-& +1& J$5,&
(#7"##1& "?$7& ?#& ?$*& "/+77#1& $1*& ?)"& ?#& $275$,,-& $..#$/#*& $1*& 0.)%#B& L#12#& 7?#&
/#=$/%& /#2)/*#*& +1& S& I)/B& N_BN_B& <1& )7?#/& ")/*0C& J$5,& *+*& 1)7& ,+:#& 5.& 7)& 7?#+/& ?+>?&
#@.#27$7+)1& );&?+=B&M1*&7?+0& "$0& $& :#/-& *$=$>+1>& 7?+1>& +1& 7?#& 2)17#@7& );&()7?& 9/#2)6
A)=$1& /?#7)/+2& $1*& 25//#17& .#/2#.7+)1& $()57& =$025,+1+7-B&H?#1& $! 12%& "$0& 2?$/>#*&
"+7?& +12)10+07#12-& )/&*+02/#.$12-C& +7&"$0& $,0)& 7$17$=)517& 7)& 0$-+1>& 7?$7& ?#& "$0& $&;/$5*&
)/& (,5;; B& T?$7& +12)10+07#12-& "$0& $1& +=.)/7$17& +005#& ;)/& J$5,& +1& ?+0& *#$,+1>0& "+7?& 7?#&
I)/+17?+$10& "$0& 2,#$/,-& /#;,#27#*& +1&.$00$>#0& 052?& $0& NBN`6S_C& "?#/#& J$5,& +10+07#*& 7?$7&
?#&"$0& 7?)/)5>?,-&2)10+07#17& $1*& ?$*& 1#:#/& (##1& !:$2+,,$7+1>!& 3NBN`4B&
L$//+,,& =$%#0& >))*& 50#& );& ,+7#/$/-& 0)5/2#0& 7)& 0?)"& 7?$7& !0,$:#& .?-0+)>1)=+#0!& "$0&
2)==)1,-& 50#*& +1&A)=$1& 7+=#&7)&=$+17$+1&!$& 0)=$7+2& ?+#/$/2?-& (#7"##1& 7?#& 0,$:#& $1*&
7?#& ; /## B! ^ N S&M22)/*+1>&7)&[)0#.?50C&I#,$*50&"$0& )12#&0#17&(-& 7?#&a=.#/)/& M5>50750C& 7)&
; +1*& )57& + ;&$& 2#/7$+1& -)51>& =$1& "$0& 7?#& ./+12#& M,#@$1*#/B& I#,$*50& 51:#+,#*& 7?#& .,)7&
0+=.,-&(-& 7?#& -)51>&=$1'0& 0#/:+,#&$..#$/$12#G&!I#,$*50&?$*& 1)& 0))1#/& 0#7& #-#0&)1&?+=&
7?$1& ?#& *#7#27#*& 7?#& .)+170& );& *+;;#/#12#& +1& 7?#& ;$2#C& $1*& 1)7+1>& 7?$7& ?+0& "?),#& .#/0)1&
?$*& $& 2)$/0#/& $1*& 0#/:+,#& $..#$/$12#! 34*05*&62057,8,& .#1#7/$7#*& 7?#& "?),#& .,)7!! 39-! :-!
SBN_^6`4B&
J?+,)& (#,+#:#*& 7?$7& $& 0,$:#& .)00#00#*& $& !1$75/$,,-& 0,$:+0?& ()*-!! 3;<*.! =1%-& Y_4B&
M.),,)1+50& 7/+#*& 7)&./):#& 7?$7& $&2#/7$+1& M/2$*+$1&()-&"$0& $& ;/##&.#/0)1& 0+=.,-&(#2$50#&
?#& *+*& 1)7& ,))%& !0,$:#6,+%#& +1& $..#$/$12#!& (57& .)00#00#*& !$,,& 7?#& >))*6,))%0!&
-#..&//0" 12(3456&3410" +778"
++9"
3J?+,)07/$750C! >'"-!?@*//-& OBNS4& b+:-& /#>$/*#*& $,,&]-/+$10& $0& (#+1>& !;$/&(#77#/& ;+77#*& 7)&
(#& 0,$:#0C&)1& $22)517& );&7?#+/& 0#/:+,#& *+0.)0+7+)10! 3)$(0'/'2! '%A$%'28,& 7?$1& 7)&(#& $&/$2#&);&
"$//+)/0!& 3XUBYVBO4B&L$//+ , ,& /#;#/0& 7)& $& 15=(#/& );& 9/#2)6A)=$1& "/+7#/0& "?)& =$*#& !$&
.?-0+)>1)=+2& 2)11#27+)1& (#7"##1& 0)=$7+2& +1;#/+)/+7-& 6& $& "#$%C& 5>,-& ()*+,-& ./#0#12#& 6
$1*& 7?#&2)1*+7+)1&);&1$75/$,& 0,$:#/-B!^ N X&
<1& 7?#& .),+7+2$,& $/#1$& 0)=$7+2& +1:#27+:#&"$0& ;/#F5#17,-&50#*& $=)1>& 7?#& 9/#2)6A)=$1&
#,+7#& $>$+107& 7?#+/&/+:$,0B&L)"#:#/C& $0& L$//+,,& ?$0& 0+>1+;+2$17,-&.)+17#*& )57C& 052?& $(50+:#&
/?#7)/+2&"$0& :#/-& 0#,*)=& 50#*& $>$+107& 0,$:#0B& <107#$*C& +7&"$0& *+/#27#*& $7& ;/##()/1&=#1C&
#0.#2+$,,-& .),+7+2$,& )..)1#170& "?)& "#/#& /#>$/*#*& $0& (#+1>& 0,$:+0?B& M0& 052?C&
.?-0+)>1)=+2& *+07+127+)10&(#7"##1& 7?#& 0,$:#& $1*& 7?#& ;/##=$1& ?$*& :#/-& ,+77,#& 7)& *)& "+7?&
7?#& $275$,& *#02/+.7+)1& );& 0,$:#0&(57& ?$*& ;$/&=)/#& 7)& *)& "+7?& 7?#& /?#7)/+2& );&=$1?))*& +1&
9/#2)6A)=$1& 0)2+#7-B& M22)/*+1>& 7)& L$//+,, '0& ;+1*+1>C& !7?#& 0#/:+,#c;/##6,))%+1>&
*+2?)7)=-& 0#/:#*& $0& $& =$0%& ;)/& *+0.57#0& $()57& =$1?))*& +1& 9/#2)6A)=$1& 7?+1%+1>&
$2/)00& 7?#& ()$/*C& ; /)=& )/$7)/-& $1*& ?+07)/-& 7)&=)/$,&.?+,)0).?-C& 2)=#*-C& $1*& 0$7+/#B!^N Y&
<1& 7?+0& 2)11#27+)1C& I+2#/)'0& 0)=$7+2& +1:#27+:#&*+/#27#*& $7& J+0)& +0& "#,,& %1)"1G& !W)&-)5&
(#>+1& 7)& 0##C& =)107#/C& *)& -)5&(#>+1& 7)&/#$,+E#& ?)"&=#1& ,)$7?#& -)5/& +=.5*#12#K& d)& )1#&
2)=.,$+10& 7?$7& 0)=#&]-/+$1&)/&)7?#/C& 0)=#&=#=(#/& );&$&2/#"& );&1#",-6=$*#& 0,$:#0C&?$0&
(#2)=#& I)105,B& H#& "#/#& 1)7& *#2#+:#*& (-& -)5/& 0,$:+0?& 2)=.,#@+)1! B7*/*(! )$(0'/')C,!
-)5/& ?$+/-&2?##%0C& $1*& -)5/& *+02),)5/#*& 7##7?8& +7&"$0& -)5/& #-#0C&#-#(/)"0C& ;)/#?#$*C& +1&
$& ")/*C& -)5/& "?),#& 2)517#1$12#C& "?+2?& +0& $& %+1*& );& 0+,#17& 0.##2?& );& 7?#& =+1*C& "?+2?&
.50?#*& -)5/&;#,,)"6=#1& +17)&*#,50+)1!!3D')-& N4B&
L$//+,, '0& ;+1*+1>& ?$0& +=.)/7$17& +=.,+2$7+)10&;)/&7?#& 075*-& );&7?#& I)/+17?+$1& 2)17/):#/0-C&
#0.#2+$,,-& +1& /#,$7+)1& 7)& S& I)/B& N_BN_C& (#2$50#& +1& d#"& T#07$=#17& 02?),$/0?+.& 7?+0&
: , 9
" -#..&//012(3456&3410" +7,8": , ;
" -#..&//0" 12(3456&3410"+7,8"
++;"
.$/7+25,$/& I)/+17?+$1&:#/0#& ?$0& (##1& 7))& 2)==)1,-&2+7#*&$0& !#:+*#12#& ;)/&J$5,'0& $275$,&
.?-0+2$,& $..#$/$12#!C& "?+2?& 2)5,*& (#& =+0,#$*+1>& +1& 7?#& 2)17#@7& );& 9/#2)6A)=$1&
/?#7)/+2B& T?+0& "$0& (#2$50#& 7?#& ./)(,#=& 7?$7& 7?#& I)/+17?+$1&2/+7+20&?$*& "+7?& J$5,&=+>?7&
?$:#& :#/-& ,+77,#& 7)& *)& "+7?& 7?#& $.)07,#'0& !$275$,& .?-0+2$,& $..#$/$12#!C& (57& "+7?& ?+0&
.#/2#+:#*& *#2#.7+)1& $1*& +12)10+07#12-C& :#/-& =52?& +1& 7?#& 7/$*+7+)1& );& 7?#& 2$/+2$75/#*&
J+0)B& L$//+,,& 7?50& 7?+1%0& 7?$7& +7& +0& $../)./+$7#& 7)& */$"& $1& $1$,)>-& (#7"##1& I+2#/)'0&
+1:#27+:#& $>$+107& J+0)& $1*& 7?#& 2/+7+2+0=& );& 7?#& I)/+17?+$10& $>$+107& J$5,B& <1&()7?&2$0#0C&
7?#/#&"$0& 7?#&.#/2#+:#*& +12)10+07#12-& (#7"##1& "?$7&"$0& )12#&=+07$%#1,-&(#,+#:#*&7)& (#&
07#/1& $1*& $57?)/+7$7+:#& 3)/& 7)&50#& 7?#& #@./#00+)1& );&S&I)/B& N_BN_C& !"#+>?7-&$1*& 07/)1>!4&
$1*& 7?#& $275$,& .?-0+2$,&./#0#12#&3!"#$%!& +1& N_BN_4B&<1&()7?&2$0#0C&7?#&2)10#F5#12#&"$0&
>/$:#C& (#2$50#& 7?#& .#/2#+:#*& +12)10+07#12-& ")5,*& #:#175$,,-& /)(& 7?#& .#/0)1& 51*#/&
$77$2%& );& $,,&7?#& 2/#*#17+$,0& $1*& $77/+(57#0& );& $& /#0.#27$(,#& ;/##& 2+7+E#1B&<1& )7?#/& ")/*0C&
Q507& ,+%#& J+0)& +1& 7?#& #-#0& );&I+2#/)C& 7?#& .))/& $.)07,#& J$5,& ?$*& 1)"& :+/75$,,-& (#2)=#& $&
0)/7&);&!1$75/$,& 0,$:#B!& a@#>#7+2$,& 075*+#0& )1&0)=#&);&7?#& /#,#:$17& I)/+17?+$1&7#@70C& 052?&
$0& N& I)/B& SBN6U& $1*& S& I)/B& N_BN_C& 2)5,*& 1)"& (#2)=#& ;$/& =)/#& +17#,,+>+(,#& $1*&
=#$1+1>;5,& +1& ,+>?7& );& L$//+,, '0& ;+1*+1>& )1& 9/#2)6A)=$1& /?#7)/+2C& #0.#2+$,,-& "+7?&
/#;#/#12#& 7)&.?-0+)>1)=+#0&$1*&=$1?))*B&
<1& 9/#2)6A)=$1& +1:#27+:#C&!7)&$2250#&$&.#/0)1& );&$&"#$%& ()*+,-&./#0#12#&$1*&*#;+2+#17&
0.##2?& +0& 7)& 2$,,& 7?$7& .#/0)1& $& 0,$:+0?& =$1& 51;+7& ;)/& .5(,+2& );;+2#& )/& )7?#/"+0#& 7)&
*)=+1$7#& )7?#/0B! ^ N U& M 1& +=.)/7$17& =)/$,& +005#& "$0& +1:),:#*& ?#/#B& J?+,+.& L5>?#0&
7?#/#;)/#& (#,+#:#0& 7?$7& +1& S& I)/B& N_BN_& 7?#& 2/+7+20'& $2250$7+)1& !"$0& /$7?#/& );& $& =)/$,&
2?$/$27#/C& $1*& 7?#/#;)/#& =52?& =)/#& *$=$>+1>& 7)& 7?#& $57?)/+7-& ?#& eJ$5,f& 2,$+=#*& 7?$1&
7?#& /+*+25,#& );& $1-& =#/#,-& .?-0+2$,& *+0$(+,+7+#0B! ^ N ^&9,$12-& 05>>#070& 7?$7& !7?#& $*Q#27+:#&
*)_#:/gh8& /#;#/0& 5,7+=$7#,-&7)& ,)"&0)2+$,& 07$750C& $& ,$2%&);&?)1)5/C& )/& 0+=.,-&$&"#$%& 2,$+=&
: , <
" -#..&//0" 12(3456&3410"+7;8": , :
" =>&/&$" ?@A5BCD4" -BA>4E0! "#$%&'! ()*+,-! ./0'1%)! 1+! 12)! 3+40,120#,'5! 62)! .,7%0'2! 6)81! 9012!
:,14+-$*10+,;! .8/+'010+,! #,-!<+1)'" F?@&(DB.A>G"H#.E>#//0"H%.A#("I"J5%660" ,K:+L0" 9:+8"
++<"
7)& $.)07),+2& $57?)/+7-B'& T?#& 0#/+)501#00& );& S& I)/B& N_BN_& 7)>#7?#/& "+ 7?& +70&./);)51*&
+=.,+2$7+)10&=507& 7?#/#;)/#&7$%#&7?#0#&.)+170& +17)&2)10+*#/$7+)1B&
W#0.+7#& 7?#+/& *+:#/0+7-C& 7?#& =$1-& ?$1*())%0& $1*& )7?#/& /#,#:$17& ,+7#/$75/#& )1& 9/#2)6
A)=$1& /?#7)/+2& 2,#$/,-& 0.)%#& "+7?& )1#& :)+2#& )1& 7?#& ;/$>+,+ 7-& );& =$1?))*G& !"#$%&
M&6E"
*#=#$1)5/& +0&0,$:+0?&$1*&,#$*0&7)&$&,)00& );&=$1?))*B!& M&>/#$7& *#$,& );&#@$=.,#0& "#/#&
>+:#1& 7)& 2)107$17,-& "$/1& $>$+107& 7?#& ;,$77#/#/&$1*& ?+0&"#$%& ()*+,-& ./#0#12#B^NV& M/+07)7,#&
"$/1#*& 7?$7& !;,$77#/#/0& $/#& $,"$-0& 0#/:+,#!! 3E"#-! %'7-& NNSU$4B& ]#1#2$& *#0.+0#*& 7?#&
;,$77#/#/&;)/&?+0&0#/:+,#&)(0#F5+)501#00! 3*4)$F<'<1! )$(0'/$8-GHI& W+)&I?/-0)07)=& /#>$/*#*&
7?#& ;,$77#/#/&$0& )1#& !"?)& ,$2%#*& $& ;/##&=$1'0& 0.+/+7& 3*:#,#59#.2@84& $1*& "$0& );& $& 0#/:+,#&
1$75/#" F<%BN%!!$4&!.g284!! 3=(-& NUBSV4B&a:#1& $& ;/##&=$1& 2)5,*& (#& $& 0,$:#& !+10+>1+;+2$17& +1&
$..#$/$12#C& 0#/:+,#& 3U)5MB)+/.#+//gh84C& 510,##.+1>C& 1#:#/& 0=+,+1>C& #:#/& F5$//#,,+1>& $1*&
;+>?7+1>&"+7?& 0)=#)1#C& :#/-&=52?& ,+%#& $&.$1*#/#/C& "?)&+1&>$/(& $0& "#,,& $0& +1&2?$/$27#/& +0&
0?$=#,#00&$1*&1+>>$/*,-C&*/#00#*&+1&$&2),)5/#*&=$17,#C&7?#& ;+1#/-&);&)1#& );&?+0&?$/,)70& !&
3=(-& NUBSV4B&M22)/*+1>& 7)&a.+27#750C&0?$=#;5,&$27+)10& 2)5,*& 75/1& $&;/##&=$1& +17)&$& 0,$:#&
3YBNBO6NO4B& L$//+,,& #,$()/$7#0G&
M , ,& 7?#0#& #@$=.,#0& *#=)107/$7#& 7?$7& ;,$77#/-& $1*& +12)107$12-& "#/#&
.?-0+)>1)=+2& 0+>10& );&7?#& 0,$:+0?&=$1&"?)0#& +>1)(,#&>#075/#0& $1*&"#$%& ()*+,-&
./#0#12#& 0#/:#*& $0& $& /?#7)/+2$,! "*@*)& ;)/& 7?#& $17+7-.#& ) ;& =$1?))*& +1& 9/#2)6
A)=$1& =)/$,& .?+,)0).?-B& ]52?& =)/$,& ./#$2?+1>& $005=#0& /?#7)/+2& );& =$1?))*&
0+=+,$/& 7)&7?$7& +1&7?#&=)/$,!$J$1@/2& );&?+07)/+2$,& ,+7#/$75/#&$1*& +1&7?#& +1:#27+:#&);&
Q5*+2+$,& )/$7)/-&$+=#*&$7& 7-.#2$07+1>& $1#=-& $0& .?-0+)>1)=+2$,,-&0#/:+,#B&
M>$+1C& 7?#& +=.,+2$7+)10&);&7?+0& )(0#/:$7+)1& ;)/&7?#& I)/+17?+$1&2)17/):#/0-& $/#& )(:+)50B&
D1#& +0& +12,+1#*& 7)&$>/##&"+7?& L$//+,,& 7?$7& +107#$*& );&7$%+1>&S&I)/B& N_BN_&Q507& $0& #:+*#12#&
;)/&J$5,'0! 27"<2/! @#6)'72/! @($)$%7$,& $0& d#"&T#07$=#17& 02?),$/0& );7#1&*)C&7?#& #@./#00+)1&
);& 7?#&:#/0#&2)5,*& $,0)&(#& +17#/./#7#*&$0& 0,$:#&.?-0+)>1)=+#0&$7& 7?#&0$=#&7+=#B&
: , O
" P/#(5Q0" 1R%#E6&(A10",+S8": , S
" -#..&//012(3456&3410"+7<8": , K
" TB.6&BE"UBMBE0!=0'1>!?%)8>" S8;897V"!#5&6BE0!?,,>" ,8OV"<8:,V",+8;V!=0'1>" ,89:8": + 7
" J4(45#0"R4(8" :8978<8": + ,
" -#..&//0" 12(3456&3410"+7;8"
++:"
T?#/#& +0&)(:+)50,-&$&>/#$7& *#$,& );&7/57?& +1&"?$7&L$//+,,& ?$0& 0$+*C& $,7?)5>?&?#&=+>?7& ?$:#&
.57& ?+0& .)+17&$2/)00& 7))& 07/)1>,-C&"+7?& /#;#/#12#& 7)& J$5,'0& 2)17/):#/0-& "+7?& ?+0& 2/+7+20B&
T?+0& +0& (#2$50#C& *#0.+7#& 7?#& 2/+7+20'& $*=+77#*,-&07/)1>& +1:#27+:#&$>$+107& ?+=C&J$5,& "$0&
#:+*#17,-& 07+,,& 2)==+77#*&7)& #@.,)/#& $,,&"$-0& $1*&=#$10& 7)& 7/-&7)& /#0),:#& 7?#& +005#& +1&$&
K#(')"'2%& =$11#/B& T?#-& "#/#& >))*& /#$0)10& 7)& $005=#& 7?$7& J$5,& "$0C& $;7#/& $,,C&:#/-&
2)102+)50& );& 7?#& ;$27& ?#& "$0& ?#/#& *#$,+1>& "+7?& 2/+7+20& "?)& ?$*& $,/#$*-& #=(/$2#*& ?+0&
!=#00$>#& );& 7?#& 2/)00!B& T?#-& "#/#& F5+7#& 2#/7$+1,-&1)7& 7?)0#& "?)& "#/#& !.#/+0?+1>!&3N&
I)/B& NBNO4B& i5+7#& 7)& 7?#& 2)17/$/-C& 7?#/#& "#/#& $,0)& /#$0)1$(,-& >))*& >/)51*0& 7)& 05>>#07&
7?$7& $0& ;$/& $0& J$5,& "$0& 2)12#/1#*C& 7?#0#& 2/+7+20& ")5,*& ./)($(,-& (#& $=)1>& 7?#& !0$+170!&
"?)=& ?#&=#17+)1#*&+1&7?#& ).#1+1>&:#/0#0&);&7?#& 7")&I)/+17?+$1&,#77#/0G! (L6'2-2L'50*';& +1&
N&I)/B& NBS& $1*&$-j)18&+1&S&I)/B& NBNB&
<8;"T%(5/BE&%("
J$/7& < <& +0& *#:)7#*& 7)& !A?#7)/+2C& W#,+:#/-C& R)*-& b$1>5$>#& $1*& P$025,+1+7-!& +1& 7?#&
2)17#@7& );&7?#& 9/#2)6A)=$1& 0)2+$,& #7?)0B& T?+0&?$0& .$:#*& 7?#& "$-& ;)/&7?#& #@#>#0+0&);&N&
I)/B& SBN6U& "?+2?& *#$,7& "+ 7?& J$5,'0& =$11#/& );&./)2,$=$7+)1C&)/& !*#,+:#/-!&+1&/?#7)/+2$,&
7#/=08& $1*&S&I)/B& N_BN_&+1&"?+2?& J$5,&/#;#//#*&7)&7?#&I)/+17?+$10'&+1:#27+:#&$>$+107&?+=B&
k1*#/07$1*+1>& );& 7?#& I)/+17?+$1&2/+7+20'& +1:#27+:#&$>$+107& J$5,& ?$0& (##1& 2)10+*#/$(,-&
#1?$12#*& (-& b$/0)1'0& $1*& L$//+,, '0& 075*+#0& )1& 9/#2)6A)=$1& .?-0+)>1)=+#0& $1*&
=$1?))*B& D1&7?#& "?),#&+ 7&+0&/#$0)1$(,#& 7)& 05>>#07& 7?$7& J$/7& < <&);&7?+0&7?#0+0& )12#& $>$+1&
0?)"0& 7?#& +=.)/7$12#&);&.577+1>& 7?#&I)/+17?+$1&7#@70& +1&./).#/& ?+07)/+2)60)2+$,&2)17#@70C&
Q507& $0& +1&J$/7& NB&
<1& 7?#& 2)5/0#& );&#@#>#0+0&);& N&I)/B&SBN6U& $1*&S&I)/B& N_BN_&0)=#&:#/-&2/52+$,& +005#0& ?$:#&
(##1& *+02500#*& $1*& +=.)/7$17&F5#07+)10& /$+0#*B& <1$0=52?& $0& 7?+0& 7?#0+0& ?$0& 7/+#*& 7)&*#$,&
++O"
"+7?& 7?)0#& +005#0& $1*& F5#07+)10& ;$+/,-& $1*& 0F5$/#,-C& 0)=#& );& 7?#& .)+170& =$*#C& $1*&
$10"#/0& $77#=.7#*C& +12,5*+1>& 7?)0#& 7?$7& ?$:#& (##1& ./):+*#*& (-& /#0.#27$(,#& 02?),$/0C&
/#=$+1& /$7?#/& 7#17$7+:#C& ;)/& +107$12#C& 7?#& ./#2+0#& 1$75/#& );& J$5,'0&
!"#$%1#00BBB;#$/BBB7/#=(,+1>!&"?#1&?#& ;+/07& 2$=#& 7)&I)/+17?& 3N&I)/B&SBX4B&M1*&+1&"?$7&
./#2+0#&"$-&"$0&J$5,'0& !()*+,-&./#0#12#BBB"#$%!&$1*&?+0&!0.##2?& 2)17#=.7+(,#!& 3S&I)/B&
N_BN_4K& H?$7& ?$0& (#2)=#& /#$0)1$(,-& 2#/7$+1C& $0& ;$/& $0& 7?+0& 7?#0+0& +0& 2)12#/1#*C& "$0&
J$5,'0& +17#17+)1& 7)& +1:#/7& 7?#&25//#17&0)2+$,?)0& "+7?& ?+0!1*.<)! *@$(2%.'& $0& $1& $.)07,#&
);& I?/+07B& M1*& "+7?)57& 9/#2)6A)=$1& /?#7)/+2C& #0.#2+$,,-& +70& ()*-& ,$1>5$>#C& $0& +70&
($2%>/)51*C& #:#1& 7?+0& /#,$7+:#&2#/7$+17-&2)5,*& 1)7& ?$:#& (##1& $//+:#*& $7B& J$/7& < <&);&7?+0&
7?#0+0& ?$0& 7?50& 0?)"1&)12#& $>$+1& 7?#& >/#$7& +=.)/7$12#&);&.577+1>& (+(,+2$,& 7#@70& +1& 7?#+/&
./).#/&?+07)/+2)60)2+$,& 2)17#@70C&$1*&?)"&:+7$,& + 7&+0&7)&%##.& $&1#2#00$/-& ($,$12#& (#7"##1&
7?#&0)2+),)>+2$,& $1*&7?#& 7?#),)>+2$,B&
J$/7&L <&" + , ,& =$+1,-& (#& $& 075*-&);&J$5,'0& $.)07),+2& , + ;#& +1&7#/=0& );&.#/0)1$,& 7/+(5,$7+)10C&
"+7?& 0.#2+$,& /#;#/#12#& 7)& 7?#& 2)12#.7& );& 05;;#/+1>& +1& 7?#& 9/#2)6A)=$1& 7/$*+7+)1& $0& +70&
?+07)/+2)60)2+$,& ($2%>/)51*&$1*& +1&2,)0#& 2)11#27+)1&"+7?& J$5,'0& $57)(+)>/$.?+2$,&1)7#0&
)1&7?#&05(Q#27&+1&N&I)/B&YBO6NX& $1*&S&I)/B& NNBSX6XXB&
++S"
=#.6" 2 2 2 G" -#.@E>&$! @/)40'1#'0'A" &(" P.45%WU%C&#(" E%5&#/" 46>%E"
#(@" =#B/&(4"B(@4.E6#(@&(A"
J$/7& < < <& +0&2)12#/1#*& ./+=$/+,-& "+7?& J$5,'0&.#/2#.7+)1& $0& "#,,& $0& ?+0&.#/0)1$,& #@.#/+#12#&
);& 05;;#/+1>&$1*& ?$/*0?+.C& #0.#2+$,,-& +70& .?-0+2$,& $0.#270& "?+2?C& $>$+1C& "#/#& 2)1:#-#*&
,$/>#,-& +1! 4*.6! /2%A<2A$-& <7& " + , ,& 7/-& 7)& 0?)"& 7?$7& 7?#& ,+070& );& ?$/*0?+.& +1& J$5,'0&
$57)(+)>/$.?+2$,& 1)7#0& 2)5,*& )1,-& (#2)=#& =#$1+1>;5,& $1*& /#:#$,+1>& +1& 7?#& 9/#2)6
A)=$1& 2)17#@7B& J$/7& L <&+0&$,0)&2)10+07#17& "+7?& 7?#& ./#:+)50& 7")&.$/70&);&7?#& 7?#0+0& "?#/#&
7?#& #@#>#0+0& );& 7?#& /#,#:$17& I)/+17?+$1&.$00$>#0&"$0& ./#2#*#*& (-& $& 075*-& );&7?#& 9/#2)6
A)=$1& ($2%>/)51*& /#>$/*+1>& 2/52+;+@+)1&$1*& /?#7)/+2& /#0.#27+:#,-B&
T>#$64." J&'G"-#.@E>&$"#E" X3&.6B4X"&(" 5/#EE&5#/"Y.&6&(AE0"Y&6>"E$45&#/"
.4M4.4(54"6%"J6%&5&EC"
:8,"J6%&5&ECG"N"A4(4.#/"&(6.%@B56&%("
l#1)& );&I+7 +5=& 3XXY6S^S&RI4&+0&2)==)1,-&/#>$/*#*& $0& 7?#& ;)51*#/&);&]7)+2+0=B&T?+0&
9/##%& 02?)),& );&.?+,)0).?-&*#/+:#*&+70&.).5,$/&1$=#&; /)=&7?#&)7)$" !!)2Z*!2&)/& !.$+17#*&
.)/2?!& +1&M7?#10C& 7?#&"#,,6%1)"1& ,)2$7+)1&);&7?#+/&7#$2?+1>B&l#1)'0& 7?)5>?7& "$0&;5/7?#/&
*#:#,).#*& (-&I,#$17?#0&$1*&I?/-0+..50B& T?#& 7/+)&2)5,*&(#& /#>$/*#*& $0& 7?#& #$/,-&
/#./#0#17$7+:#0&);&]7)+2+0=B^ S S&H+ 7?& 7?#& #@2#.7+)1& );&I,#$17?#0'& 0?)/7& !L-=1& 7)& l#50!C&
:+/75$,,-&1)&")/%& );&7?#& #$/,-&]7)+20& ?$0& 05/:+:#*&+17$27B&T?#& ,#$*+1>& ;+>5/#0&);&7?#& 1#@7&
.#/+)*& );&]7)+2+0=&"#/#&J$1$#7+50&32B& NOU62B& NN_&RI4&$1*&J)0+*)1+50& 3NXU6UN&RI4C&"?)&
: + +
" U8" [8"J>#.$&4E0"1J6%&5&EC10"&("-%(@4.&5>"!4@"F4@8L0! 62)!B8C+4-! 3+D/#,0+,! 1+!"20%+'+/2E" F)'M%.@G"
)*=0" ,KK<L0" S<+W90" #6" S<+8" J44" N8" N8" \%(A0" 1J6%&5&EC10! =)%%),0'10*! "20%+'+/2E5! (1+0*';! ./0*$4)#,';!
(*)/10*'" F\%(@%(G"]B5^Y%.6>0" ,KS:L0" ,7OW+7K8"
++K"
).#/$7#*& $1*& *#:#,).#*& 7?#& 02?)),& ,$/>#,-&$7&A?)*#0B&T?#+/&+1;,5#12#&)1& I+2#/)'0&
.?+,)0).?+2$,& 7/#$7+0#0&3=+*6;+/07&2#175/-&RI4&"$0& :#/-&2)10+*#/$(,#B& T?#& ;),,)"+1>&
.?$0#&);&]7)+2+0=C&0)=#7+=#0& %1)"1&$0! M*12%! N"*'7')1,GHO,& ,#;7&(#?+1*& 0)=#&);&7?#&
=)07& +=.)/7$17&]7)+2&"/+7+1>0B&T?+0&A)=$1&.?$0#&);&]7)+2+0=&"$0& /#./#0#17#*&
#0.#2+$,,-& (-&]#1#2$&7?#&m)51>#/& 32B&S&RI6MW& ^U4C&a.+27#750& 32B&M W&UU6NXU4C& $1*& 7?#&
A)=$1& #=.#/)/C& P$/250& M5/#,+50&3MW&NSN6O_4B^ S Y&T?#&./+=$/-&2)12#/1& );&7?#0#& ]7)+20&
$1*& 7?#+/&;),,)"#/0&"$0& )1&./$27+2$,&$1*&.#/0)1$,& #7?+20B&T?#& +1;,5#12#&);&7?#0#&=#1& $1*&
7?#+/& 02?)),& ,+:#*& )1C&0)& 7?$7& 7?#&")/*& !07)+2$,!&?$0& (#2)=#&$&2)==)1& #@./#00+)1& 7)&
+1*+2$7#&$22#.7$12#&);&=+0;)/751#&"+7?)57&2)=.,$+17B ^ S U&P$1-&,#$*+1>&A)=$1& .),+7+2$,&
;+>5/#0&"#/#& ]7)+20B&
9#1#/$,,-& 0.#$%+1>& ]7)+2+0=&"$0& 2?$/$27#/+E#*& (-& $&.?+,)0).?-& );&1$75/#C& $1&#=.+/+2+07&
#.+07#=),)>-& $1*& $1& $(0),57+07& 2)12#.7+)1& );&=)/$,&*57-B&H/+7+1>0&);&7?#& ;)51*#/& l#1)&
"#/#& $,,&,)078&(57& ?+0&+1;,5#12#&.#/0+07#*B& T?#& ]7)+2& +*#$& );&7?#& *+:+1#&/#$0)1& 3M)-)>4&"$0&
2#17/$,& 7)& 7?#+/& 51*#/07$1*+1>& );& 7?#& 51+:#/0#& $0& $& ?+>?,-& 51+;+#*& #17+7-C& +12,5*+1>& 7?#&
?$/=)1-& );& 7?#& 51+:#/0#& 3.#/=#$7#*& "+7?& 7?#! P*6*7,8&$1*& =$1& 3#1*)"#*& "+7?& 7?#& !0##*&
);& ,)>)0!C& M)-)+8" %&!4$B#!&Z%58L8& J#/0)1$,& ?$..+1#00& $1*& 7?#& "#,,& (#+1>&) ;&?5=$1& 0)2+#7-&
"#/#& .#/2#+:#*& +1&?+>?,-& $1*& 2)10+07#17,-& =)/$,& 7#/=0C& "+7?& >/#$7& #=.?$0+0& )1& ?5=$1&
=)/$,& )(,+>$7+)1B&M1*&=$1& ")5,*& 1)7& (#& $(,#& 7)& ; 5 , ; + , ,& ?+0& =)/$,& )(,+>$7+)1&$1*& )(7$+1&
7/5#& ?$..+1#00& $1*& :+/75#&51,#00! ($2)*%& (#2$=#& 7?#& 7/5#& =$07#/& );&?+0& , + ;# C& 7?)5>?7& $1*&
$27 +)1B ^ S ^&
J44" ? 8"_4.(%("N.(%/@0!F+D#,! (1+0*0'D5! G)0,7! H)*1$4)'! +,! 12)!=0'1+4E! +C! 12)!(1+0*! "20%+'+/2E! 9012!
(/)*0#%! F)C)4),*)! 1+!:1'!I)J)%+/D),1! 90120,! 12)!F+D#,!.D/04)" FT#CD.&@A4G"T*=0" ,K,,L8":
" ]#3&@" `8" J4@/4Q0" 1J6%&5&EC10" &(" U%D4.6" NB@&" F4@8L0! 62)! 3#DK40-7)! I0*10+,#4E! +C! "20%+'+/2E!
FT#CD.&@A4G"T*=0" ,KK<L0" O:SWK8": + <
" J>#.$&4E0" 1J6%&5&ECa0"S<+8": + :
" =>&/&$"=8"-#//&40" 1J6%&5&EC10" ?@Y#.@E"=#B/0! )1! #0;" F4@E8L0! 62)!.,*E*%+/)-0#! +C!"20%+'+/2E" F\%(@%(G"
T%//&4."H#5C&//#(" =BD/&E>4.E0" ,K:OL0" 3%/8" S8,KW++0" #6"+,W++8" J4@/4Q0" 1J6%&5&EC10" O:K8" \%(A0" 1J6%&5&EC10"
,;OW<78"
+97"
<=.)/7$17& 7)& 7?#& ]7)+2&.?+,)0).?-&"$0& 7?#& (#,+#;& +1&9)*& $1*& ?+0&./):+*#17+$,&")/%& ):#/&
7?#& "?),#& );& 7?#& )/*#/,-& 51+:#/0#& +1& "?+2?& =$1& )225.+#*& $& :#/-& ./)=+1#17& .,$2#B&
P$1'0& /#$0)1& #1$(,#*& ?+=&7)& /#2)>1+0#& 7?#& 05./#=#& .,$1&);&9)*& $1*& 7)& 05(=+7& ?+=0#,;&
"+, , +1>,-& 7)& +7B&T?+0& ")5,*& $,0)& $,,)"& ?+=& 7)& 7/$102#1*& ?+0& )"1& .#/0)1$,& +17#/#07& $1*&
1$75/$,& *#0+/#C& 0)& 7?$7& #:#1& ?+0& )"1& 05;;#/+1>&"$0& (#,+#:#*& 7)& (#& 0#/:+1>& $& "+*#/&
.5/.)0#& ./#6*#7#/=+1#*& (-&7?#&*+:+1#& " + , , B ^ S O&
T?#& (#,+#;& 7?$7& 7?#& ")/,*& "$0& 2)=.,#7#,-& /5,#*& (-& J/):+*#12#& 1)7& )1,-& ?$*& 07/)1>&
$..#$,& 7)& 7?#& /5,+1>& 2,$00C& (57& $,0)& "$0& $& 0)5/2#& );&>/#$7& 2)=;)/7&7)& 7?)0#&"?)& ?$*& 7)&
*#$,& "+7?& $,,& 0)/70& );& =+0;)/751#0& $1*& )**0& +1& , +;#B& Z)/& 7?+0& $0& "#,,& $0& )7?#/& /#$0)10&
]7)+2+0=& /#=$+1#*& $&>/#$7& ;)517$+1&);&=)/$,&07/#1>7?& $1*& 0)2+$,& ;)/2#&+1&$12+#17& 9/#2)6
A)=$1& 0)2+#7-B^ S V&
:8+"!>4"J6%&5"3&4Y"%("3&.6B40"A%%@"#(@"43&/"
T?#& 05(Q#27& );& :+/75#& ?$*& $& ./)=+1#17& .,$2#& +1& $12+#17& 9/#2)6A)=$1& .?+,)0).?-& $1*&
#7?+20B& <1& 7?#& J,$7)1+2& :+#"C& :+/75#& "$0& #00#17+$,,-& $1& +11#/& 07$7#& "?+2?& >):#/1#*& $1*&
>5+*#*& $&.#/0)1'0&=)/$,&(#?$:+)5/& $1*&$27+)1B&
M22)/*+1>& 7)& ]7)+2& #7?+20C& $& .#/0)1'0& +11#/& 07$7#& "$0& 1)7& $1& $57)1)=)50& $1*&
+1*#.#1*#17& #17+7-B& <7&=507& (#& +1& ?$/=)1-& "+7?& 7?#& )/*#/,+1#00& );& 1$75/#! 3&60*'7,8-& M0&
052?C& $& =)/$,,-& /#0.)10+(,#& .#/0)1& =507& $,"$-0& 7/-& 7)& $27& !$22)/*+1>& 7)& 1$75/#!" FZ#.#"
bcdB%&8&eL8& <7& "$0& )1,-& +1& 7?+0& "$-& 7?$7& $& .#/0)1& 0#25/#*& $& , +;#& );" @&!#P4�& )/" 4BPB&#�"
1$=#,-C& 0.+/+75$,& .#$2#&$1*& "#,,& (#+1>& $0& "#,,& $0& #5U2$g+):+Bh@C& 7?#& ?$..+1#00& ;)/&?+0&0)5,&
: + O
" \%(A0!./0*1)1$'5! ?!(1+0*! #,-!(+*4#10*! L$0-)! 1+!H0C)" F)'M%.@G"T/#.4(@%("=.4EE0"+77+L0" ,;98": + S
" f8"-8"J#(@D#5>0!62)!(1+0*'" F\%(@%(G"T>#66%"I"[&(@BE0" ,KO<L0"9<8": + K
" J#(@D#5>0!62)!(1+0*';" ,:8": 9 7
" H&5>#4/"J/%640" 1_&.6B4E10" &(!62)!B8C+4-! 3+D/#,0+,;" K77W,0"#6"K778"
+9,"
3])$.8PL&eL8& <1& 052?& $& ?$..-& $1*& (,#00#*& 07$7#C& $& .#/0)1& 2)5,*&(#& 0$+*& 7)& (#& +1&.#/;#27&
?$/=)1-& "+7?& 1$75/#& $1*& (#2$=#&$,=)07& 9)*6, +%#B ^ X S& T?+0&"$0& $& 7/5#& ]7)+2'0& !5,7+=$7#&
2)12#/1!B& T?#& ]7)+20'& (#,+#;& +1& 7?#& $77$+1=#17& );& 052?& $& ?$..-& $1*& (,#00#*& 07$7#& "$0&
($0#*& )1& 7?#+/& 51*#/07$1*+1>& );& 7?#& MC -)h8& $0& 7?#& 0)5,& );&7?#& 51+:#/0#& $0& "#,,& $0& =$1'0&
.)7#17+$,& 7)& .$/7+2+.$7#& $1*& 0?$/#& +1& 7?#! P*6*7,&*5#& 7)& 7?#! P*6*;" %6.4$&\Z%5& 7?$7& ?$*&
(##1& +=.,$17#*& +1&#$2?& .#/0)1B& ]52?& "$0& 7?#& .?+,)0).?+2$,&2)17#@7& +1& "?+2?& 7?#& ]7)+2&
:+#"& )1&:+/75#C& >))*C&$1*& #:+,& +0&7)&(#& 51*#/07))*B&
<1& ]7)+2+0=C& !:+/75#!& =+>?7& 0)=#7+=#0& $..#$/& ?+>?,-& .?+,)0).?+2$,& $1*& $(07/$27B&
L)"#:#/C& 7?+0& +=.)/7$17&")/*& 2)5,*&$,0)& (#& 51*#/07))*& +1&=)/#& 2)12/#7#& 7#/=0C& 0)& 7?$7&
7?#& ]7)+20& 2)5,*&=)/#& 7$1>+(,-& 7$,%& $()57& 2#/7$+1& 2$/*+1$,& :+/75#0& 052?& $0& +17#,,+>#12#C&
"?+2?& "$0& 7?#& $(+,+7-& 7)& *+07+1>5+0?&7?#& >))*& ; /)=& 7?#& #:+,8& (/$:#/-C& 7)& %1)"&"?$7& "$0&
7)&;#$/&$1*&"?$7&"$0& 1)78&Q507+2#C&7)&/#1*#/& 7)&$&.#/0)1& "?$7&?#& /#$,,-&*#0#/:#*B& D;&7?#0#&
$1*&)7?#/& +=.)/7$17&:+/75#0C&7?#&=)07& +=.)/7$17&)1#& ;)/&7?#&]7)+20& "$0& 51*)5(7#*,-& 0#,;6
2)17/),C& "?+2?& "$0& 7?#& +11#/&=#17$,& 07$7#&);&$&.#/0)1& 7?$7& >):#/1#*& $,,&?+0& 7?+1%+1>& $1*&
$27+)1& +1& , + ; # B ^ X X&
Z)/& 7?#& ]7)+20C& :+/75#&"$0& +10#.$/$(,#& ; /)=&"+0*)=C&0)& 7?$7& $&!:+/75)50!&=$1&"$0& $,0)& $&
!"+0#!& =$1C& )/C& )1,-& 7?#& "+0#& 2)5,*& (#& :+/75)50B& M,7?)5>?& 7?#& ]7)+20& ?$*& 7?#+/& )"1&
.$/7+25,$/& :+#"& )1& >))*& $1*& #:+,C& +7&")5,*& (#& 7))& 0+=.,+07+2&7)& 7?+1%& 7?$7& 7?+1>0& +1& ,+;#&
"#/#&Q507&#+7?#/& >))*&)/& #:+,& ;)/&7?#&]7)+20B&T?+0&"$0&(#2$50#C&(#0+*#0&7?+1>0& !>))*!& $1*&
!#:+,!C& 7?#/#& "#/#& $,0)& 7?+1>0& "?+2?& "#/#& 2)10+*#/#*& !+1*+;;#/#17!&3*]+*2g%$#L& 7)& 7?#&
:+/75)50& $1*& "+0#& =$1B& L)"#:#/C& 7?#& :+/75)50& ]7)+20& $,0)& $2%1)",#*>#*& 7?$7& 2#/7$+1&
7?+1>0& 7?#-& 2)10+*#/#*& +1*+;;#/#17&2)5,*&$,0)& (#& !$*:$17$>#0!&37?)5>?&1)7&1#2#00$/+,-& 7)&
(#! %$$.$.! *(! $))$%"'2/8-& L#$,7?C& "#$,7?C& $1*& ?)1)5/C& ;)/&#@$=.,#C& "#/#& $=)1>& 7?#0#&
: 9 ,
" ]&%A4(4E"\#4.6&BE" O8SS8": 9 +
" -#//&40"1J6%&5&EC10" S8+,8": 9 9
" -#//&40"1J6%&5&EC10"S8++8"\%(A0"1J6%&5&EC10" ,KKW+778"
+9+"
!$*:$17$>#0!B& T?#+/& )..)0+7#0& "#/#& !*+0$*:$17$>#0!& 7)&(#& $:)+*#*& (-& 7?#& "+0#& 3(57& 1)7&
$7& $,,& 2)0704& $0& "#,,& $0& 7?)0#& 7?+1>0& "?+2?& "#/#& 7)7$,,-& !+1*+;;#/#17!& 3*]+$7().$4& 7)& 7?#&
"+0# B ^ X Y& Z/)=& "?$7& ?$0& (##1& 0$+*& +7& 0?)5,*& 1)"& (#2)=#& 05;;+2+#17,-& 2,#$/& 7?$7& ;)/& 7?#&
]7)+20& !$*:$17$>#0!& "#/#& 1)7& +1& 7?#=0#,:#0& !>))*!C& $1*& !*+0$*:$17$>#0!& 1#2#00$/+,-&
!($*!B& !M*:$17$>#0!& $1*& !*+0$*:$17$>#0!& "#/#& 7?50& )570+*#& 7?#& ]7)+2& 2)12#.7& );&
!>))*!&$1*& !($*!& +1!1*(2/& 7#/=0B&
<1& ?+0!Q$! =&&'7''),& I+2#/)&=#17+)1#*& ;)5/&2$/*+1$,?+2$,& :+/75#0& "?+2?& "#/#& 2)12#/1#*&
!#+7?#/& 3N4& "+7?& 7?#& ; 5 , ,& .#/2#.7+)1& $1*& +17#,,+>#17&*#:#,).=#17& );& 7?#& 7/5#8& )/& 3S4& "+7?&
7?#& 2)10#/:$7+)1& );&)/>$1+E#*& 0)2+#7-C& "+ 7?& /#1*#/+1>& 7)&#:#/-&=$1& ?+0&*5#C& $1*& "+7?& 7?#&
;$+7?;5,& *+02?$/>#& );& )(,+>$7+)10& $005=#*8& )/& 3X4& "+7?& 7?#& >/#$71#00& $1*& 07/#1>7?& );& $&
1)(,#& $1*& +1:+12+(,#&0.+/+78& )/& 3Y4&"+7?& 7?#& )/*#/,+1#00& $1*&=)*#/$7+)1& );&#:#/-7?+1>& 7?$7&
+0& 0$+*& $1*& *)1#C& "?#/#+1& 2)10+07& 7#=.#/$12#& $1*& 0#,;62)17/),!& 3NBUBNU4B& I+2#/)'0&
#=.?$0+0& )1& 7#=.#/$12#& $1*& 0#,;62)17/),&"$0& 2)10+07#17& "+7?& 7?#& >#1#/$,& 7#$2?+1>& );&
]7)+2+0=B&
T?#& ]7)+20& (#,+#:#*& 7?$7& 7?#& /)$*& 7)& :+/75#& "$0& $& "#,,67/$+1#*&/#$0)1& "?+2?& #1$(,#*& $&
.#/0)1& 7)& 7?+1%& $1*& $27& 2)//#27,-B& <1& 7?#& J,$7)1+2& 7/$*+7+)1& 7?#/#& "#/#& ($0+2$,,-& ;)5/&
2$/*+1$,& :+/75#0G&Q507+2#C& 7#=.#/$12#& 30#,;62)17/),4C&(/$:#/-& $1*& "+0*)=B&R57&l#1)& 7/+#*&
7)& /#6*#;+1#& 7?#0#& ;)5/&2$/*+1$,&:+/75#0& +1&7#/=0& );&"+0*)=8&0)& 7?$7&Q507+2#& "$0& ./+=$/+,-&
2)12#/1#*& "+7?& *+07/+(57+)1C&7#=.#/$12#& "+7?& $2F5+0+7+)1C& $1*& (/$:#/-& "+ 7?& #1*5/$12#B&
M , ,& 7?#0#&:+/75#0& 2)5,*&(#& )(7$+1#*& )1,-&7?/)5>?& "+0*)=B&M1*&"+0*)=&"$0& +10#.$/$(,#&
; /)=&%1)",#*>#& "?+2?& #1$(,#*& $&.#/0)1& 7)&=$%#& $&*+07+127+)1&(#7"##1& "?$7& 0?)5,*& $1*&
0?)5,*& 1)7& (#& *)1#& $1*& (#7"##1& "?$7& "$0& >))*& )/& #:+,& )/& 1#+7?#/& 3+B#BC& 7?+1>0& 7?$7& "#/#&
Q507& +1*+;;#/#17&e*]b$7().$f4&^ X U& T?+0& .)+17& $()57& %1)",#*>#& "$0& );& >/#$7& +=.)/7$12#& 7)&
: 9 ;
" -#//&40"1J6%&5&EC10" S8++8" \%(A0"1J6%&5&EC10" ,SKWKK8": 9 <
" J#(@D#5>0!62)!(1+0*';" ;+8"
+99"
7?#& ]7)+20C& (#2$50#C& $&.#/0)1& 2)5,*&*)&"?$7&"$0& /+>?7& )1,-& + ;&?#& $,"$-0! 5%$+& "?$7& "$0&
/+>?7B& T?#& ")/*& :+/75#& 3$.#7/+4& +1& )/*+1$/-&50$>#& ?$*& $& "+*#/& $1*& =)/#& >#1#/$,& 0#10#C&
"?+2?& 2)5,*&(#& /#1*#/#*& !#@2#,,#12#!& $1*& 7?#& ,+%#C& (57& +1& ]7)+2+0=& +7&"$0& );7#1& 7$%#1&
$(0),57#,-& 7)& =#$1! 1*(2/& #@2#,,#12#& )/& .#/;#27+)1& "?+2?& 2)5,*& (#& )(7$+1#*& )1,-& (-&
7?)0#& "?)& "#/#& 7/5,-& :+/75)50B& M1*& )1,-& 7?)0#& "?)& "#/#& 7/5,-& :+/75)50& 2)5,*& (#&
/#>$/*#*& $0& 7/5,-& >))*& 3*-$i)+'4& $1*& ?$..-B& <1& 7?+0& 0#10#C& :+/75#C& >))*1#00& $1*&
?$..+1#00& :+/75$,,-& (#2$=#& 0-1)1-=)50& +1&]7)+2& #7?+20B&P)/#):#/C&*5#& 7)& +70&.$/7+25,$/&
#=.?$0+0& $1*& ;)250& )1& 7?#! 1*(2/& $0.#27& );& :+/75#C! 1*(2/& #@2#,,#12#& $1*! #<12%!
#@2#,,#12#& (#2$=#& +*#17+2$,& +1& 7?#& #1*C& $1*& 0?)5,*& 7?50& (#& 7?#& 5,7+=$7#& >)$,& );& )1#'0&
, +;#B& Z),,)"+1>& 7?+0& 0+=.,#& ,)>+2C& "?$7& "$0& 2)10+*#/#*& !#: + , !& )/& !($*!& +1& 7?#& ]7)+2&
2)12#.7& "$0& 2)1;+1#*&)1,-& 7)& "?$7& "$0! 1*(2//6& +=.#/;#27B&<1& 7?+0& 2)17#@7C&=+0;)/751#C&
05;;#/+1>C& 0+2%1#00& $1*& #:#1& *#$7?& +70#,;C& =$77#/0& "?+2?& "#/#& 1)/=$,,-& /#>$/*#*& $0&
!#:+,! C& (#,)1>#*& )1,-& 7)& 7?#! 1*(2//6! '%.'&&$($%"& $1*& "#/#& 1)7& !#: + , !! @$(! )$& +1& 7?#& ]7)+2&
0#10#B& L)"#:#/C& 7?#& ]7)+20& "#/#& $,0)& F5+2%& 7)& $2%1)",#*>#& 7?$7& $=)1>& 7?+1>0&
=)/$,,-&+1*+;;#/#17&0)=#&!?$:#&./#2#*#12#!& 3T/.)/+m+6+#"@4&):#/& )7?#/0B& T?50& ;)/&#@$=.,#C&
>))*& ;)/751#C& ?#$,7?C& "#$,7?C& $1*& (#$57-C& ")5,*& >#1#/$,,-& (#! @($&$(($.& /$7?#/& 7?$1&
=+0;)/751#C& 0+2%1#00C& .):#/7-C& $1*& 5>,+1#00C& (-& $& 1)/=$,& $1*& 0#10+(,#& .#/0)1& + ;& 7?#/#&
"$0& $& 2?)+2#B ^ X `& Z)/& 7?#& ]7)+20C& 052?& ./#;#/#12#& "$0& Q507! %2"<(2/-& 9#1#/$,,-& 0.#$%+1>C&
;)/& l#1)& $1*& ?+0& ;),,)"#/0C& 7?#& !./#;#//#*!& 7?+1>0& 2)5,*& 1#:#/& ,#$*& 7)& 7/5#& ?$..+1#00&
3#+nU$+g+)=*4B& T?/)5>?)57& 7?#& ?+07)/-& );& ]7)+2+0=& 7?+0& /#=$+1#*& $& %#-& .)+17& +1& +70&
.?+,)0).?-B& M& =$1'0& :+/75#& 1#:#/& *#.#1*#*& )1& ?+0& $(+,+7-& $1*& 0522#00& +1& )(7$+1+1>&
$1-7?+1>& +1& 7?#& #@7#/1$,& ")/,*B& <7&)1,-& *#.#1*#*& )1& ?+0& ?$:+1>& 7?#& /+>?7& =#17$,& $77+75*#&
7)"$/*0& 7?)0#& !+1*+;;#/#17!& 7?+1>0B& T?#& ]7)+20'& 2)1;+*#12#& +1& )1#'0& 0#,;6/#,+$12#& "#/#&
1)7& )1,-& );& +==#10#& +=.)/7$12#& 7)& 7?#& ]7)+20& 7?#=0#,:#0C& (57& $,0)& $& 0)5/2#& );& >/#$7&
J#(@D#5>0!62)!(1+0*';" +S8"J44"!#@"R.4((#(0!62)!(1+0*! H0C)5!.D+10+,';! I$10)';! #,-!M#1)" F)'M%.@G")*=0"
+77<L0" ,,KW9;8": 9 O
" J#(@D#5>0!62)!(1+0*';" 9,8"
+9;"
+10.+/$7+)1C& 2)=;)/7&$1*& 07/#1>7?& 7)& 7?)0#& "?)& ?$*& 7)& ;$2#& 7?#& ?$/0?& /#$,+7+#0& );& ,+;#C&
+12,5*+1>&0#:#/#&05;;#/+1>&$1*&*#$7?& +70#,;B&
<1& ]7)+2+0=& #=)7+)10& "#/#& );7#1& +17#/./#7#*& +1& +17#,,#275$,& 7#/=0B& a=)7+)10& 052?& $0&
*+07/#00C& ;#$/& $1*& 7?#& ,+%#& )1,-& /#;,#27#*& $& ;$,0#&Q5*>#=#17& $()57& "?$7& "$0& #:+,C& $1*&
0?)5,*& 7?50& (#& +>1)/#*B& ]52?& =#17$,& $77+75*#& 0)=#7+=#0& >+:#0& .#).,#& 7?#& +=./#00+)1&
7?$7& 7?#&]7)+20&"#/#&$&2,$00&);&.#).,#& "+7?& :#/-&,+77,#&)/&1)&?5=$1&;##,+1>0B&
Z/)=& "?$7& ?$0& (##1& 0$+*& 0)& ;$/C& + 7& +0& 05;;+2+#17,-& 2,#$/& 7?$7& ;)/& 7?#& ]7)+20& 7?#/#& "#/#&
$275$,,-& 7")&:#/-&*+;;#/#17&2$7#>)/+#0& );&0)62$,,#*&!>))*!&$1*& !#:+ , !& 7?+1>08&)1#! 1*(2//6!
:+7$,& $1*& 7?#& )7?#/! 1*(2//6& +1*+;;#/#17B& T?#& :$,5#0& 7?$7& "#/#& $77$2?#*& 7)& 7?#& 7")&
2$7#>)/+#0& /#0.#27+:#,-& "#/#& :#/-& *+;;#/#17B&T?#& :$07& *+;;#/#12#&(#7"##1& 7?#& 7")& =507&
$,"$-0& (#& =$+17$+1#*C& $1*& +7&/#F5+/#*& >/#$7& "+0*)=&7)& *)& 7?$7B& T?#& ]7)+20& "#/#& =)07&
.$/7+25,$/& $()57& 7?#& :+7$,& *+07+127+)1& (#7"##1& 7?#& 7")C& 0)& =52?& 0)& 7?$7& *+;;#/#17&
:)2$(5,$/+#0& $1*& #@./#00+)10& "#/#& $275$,,-&#=.,)-#*& ;)/&7?#& =$77#/B& T?50C& 7?+1>0& 7?$7&
"#/#& /#>$/*#*& $0& =)/$,,-& >))*&"#/#& !7)&(#&")1!&3$,.#@):4C& $1*& 7?#& =)/$,,-& #:+,& !7)& (#&
;,#*& ; /)=!& 3Yd4BZ6%3L8& <1*+;;#/#17&=$77#/0& "#/#&#+7?#/& !7)&(#& 7$%#1!! 35(L0J*08& )/&!.+2%#*!&
3#oM#+$#):4& )/& !1)7& 7)& (#& 7$%#1!& 3DIpTg<TTD\4B& T?#& =)/$,,-& >))*& "#/#& *#02/+(#*& $0&
!(#1#;+2+$,!! 3.RS5/'B'*08& )/& !50#;5,!! 3T@(L2'B'*08,& $1*& 7?#& #:+,& !?$/=;5,!& 3.p$.#.):4B&
<1*+;;#/#17& 7?+1>0& 2)5,*& #+7?#/& (#& !0#/:+2#$(,#!& 3#[email protected])7$4& )/& !510#/:+2#$(,#!&
3U5)@./L)!#L8: 9 K& T?#0#& "#/#& 0)=#& );& 7?#& !0#/:+2#$(,#!& 3#[email protected])7$4& 7?+1>0& $22)/*+1>& 7)&
]#1#2$&+1!E@-& OSBNNG& ! <& 2,$00+;-&$0& '+1*+;;#/#17C'& 6&7?$7& +0C&1#+7?#/&>))*&)/&#:+, C& 6& 0+2%1#00C&
.$+1C&.):#/7-C&#@+,#C& *#$7?B!&
I+2#/)& +1!U<)7</2%! Q')@<"2"'*%)& UBN_BSV6X_& ,+1%#*&?$..+1#00&"+7?& >))*1#00G&
: 9 S
" J#(@D#5>0!62)!(1+0*';" +K8": 9 K
" J#(@D#5>0!62)!(1+0*';" 978"
+9<"
b#7& 50& 0##& "?)& $/#& 7)&(#& *#02/+(#*& $0& ?$..-G& ;)/&=-&.$/7& <& 7?+1%& +7&+0& 7?)0#&"?)&
$/#& 2)=.$00#*& $()57& "+7?& >))*& "+7?)57& $1-& $00)2+$7+)1& );& #:+,C& $1*& 1)& )7?#/&
0#10#&51*#/,+#0& 7?#& ")/*& ?$..-C& "?#1&"#&50#& +7C&#@2#.7& 7?#& ;5,,1#00&);&2)=(+1#*&
>))*& $1*& 2)=.,#7#& 0#.$/$7+)1& ) ;&#:+ , B B B ;)/& 7?#/#& " + , ,& 2)=#& $0& +7&"#/#& $&7?/)1>&);&
#:+,0C& + ;&"#& /#>$/*& 7?#=& $0& #:+,0C&.):#/7-C& )(025/+7-C& +10+>1+;+2$12#C&,)1#,+1#00C&
,)00& );&./).#/7-C& 0#:#/#&.?-0+2$,&.$+1C& /5+1#*&?#$,7?C& +1;+/=+7-C& (,+1*1#00C& ;$,,&);&
)1#'0& 2)517/-C& #@+,#& $1*C& 7)& 2/)"1& $,,C& 0,$:#/-& 6& +1& $,,& 7?#0#& *+07/#00+1>&
2)1*+7+)10& 6& $1*& =)/#& 07+,,& 2$1& ?$..#1& 6& 7?#& "+0#& =$1& 2$1& (#& +1:),:#*8& ;)/&
2?$12#& )22$0+)10& 7?#=C& $1*& 2?$12#& 2$1& $00$+,& 7?#& "+0#& =$18& (57& + ;& 7?#0#& $/#&
!#:+,0C!& "?)& 2$1& 0?)"& 7?$7& 7?#& "+0#& =$1& " + , ,& (#& $,"$-0& ?$..-C& 0##+1>& 7?$7& ?#&
2$1& (#& +1:),:#*& +1& $,,& );& 7?#=& $7& )1#& $1*& 7?#& 0$=#& 7+=#K& BBBM1*& + ;& 7?#& 1)(,#&
*+07+127+)1& );&7?+0& 7+7,#&);& !"+0#C!&=)07& ")/7?-&);&J-7?$>)/$0C& ])2/$7#0&$1*& J,$7)C&
0)& *#,+>?70& 7?#=C& ,#7& 7?#=& 2)107/$+1& 7?#& 0)5,& 7)& *#0.+0#& 7?#& 7?+1>0& "?+2?& *$EE,#&
7?#=C& 07/#1>7?C& ?#$,7?C& (#$57-C& /+2?#0C& *+07+127+)10C&"#$,7?C&$1*& 2)517& $0& 1)7?+1>&
7?#& 7?+1>0& 7?$7& $/#& 7?#+/& )..)0+7#0G& 7?#1& " + , ,& 7?#-& (#& $(,#& +1& 2,#$/#07& $22#170& 7)&
2,$+=& 7?$7& 7?#-& $/#& 7#//+;+#*&1#+7?#/& (-& 7?#& $00$5,7& );&;)/751#&1)/& 7?#& ).+1+)1&);&
7?#& =)(& 1)/& (-& .$+1& )/& .):#/7-C& $1*& 7?$7& 7?#-& /#>$/*& $,,& 7?+1>0& $0& /#07+1>& "+7?&
7?#=0#,:#0C& 1)/& +0& 7?#/#& $1-7?+1>& (#-)1*& 7?#+/& 2)17/),& "?+2?& 7?#-& /#2%)1& $0&
>))*B&
])=#& 2)==#170& 2)5,*&(#& =$*#&)1& 7?#& $():#& 07$7#=#17& );&I+2#/)G& 3N4&T?#& #@./#00+)10C&
! + ;& "#& /#>$/*& 7?#=& $0& #:+,0!C&$1*& ! + ;& 7?#0#& $/#& #:+,0!&2,#$/,-& 05>>#07& 7?$7& 1)7?+1>& "$0&
$275$,,-& #:+,C& )1,-! "#'%5'%A& =$*#& +7&0)B& 3S4&T?#& (#,+#;& +1&!2?$12#!&"?+2?& "$0& 7?)5>?7& 7)&
(#& (#-)1*& ?5=$1& 2)17/),B& <1& ]7)+2& :)2$(5,$/+#0C& 2?$12#C& ;$7#C& *+:+1#& " + , ,& #72BC& "#/#&
);7#1& 0-1)1-=)50B^ Y _&
<1& 7?#& #1*& +7& "$0& 7?#& =#17$,& $77+75*#& "?+2?& 0#.$/$7#*& 7?#& !"+0#& =$1!& ; /)=& )7?#/0C&
$22)/*+1>& 7)& I+2#/)& +1! V'%-XBNXBYSG& !M>$+1C& 2$1& $1-7?+1>&(#& =)/#& 2#/7$+1& 7?$1& 7?$7& )1&
7?#& 7?#)/-&) ;&7?#& 02?)),& 7?$7&2)5170& .$+1&$0& $1& #:+,C& 7?#&H+0#&P$1&2$11)7& (#&?$..-& "?#1&
?#& +0& (#+1>& 7)/75/#*&)1& 7?#& /$2%K&H?#/#$0& 7?#& 0-07#=& 7?$7& 2)10+*#/0& .$+1& 1)& #:+,& 2,#$/,-&
./):#0& 7?$7& 7?#& H+0#& P$1& /#7$+10& ?+0& ?$..+1#00& $=+*07& 7?#& ")/07& 7)/=#170B& T?#& =#/#&
;$27&7?$7&=#1& #1*5/#& 7?#& 0$=#&.$+1&=)/#& #$0+,-&"?#1& 7?#-& :),517$/+,-& 51*#/>)& +7&;)/&7?#&
0$%#& );& 7?#+/& 2)517/-& 7?$1& "?#1& 7?#-& 05;;#/& +7& ;)/& 0)=#& ,#00#/& 2$50#C& 0?)"0& 7?$7& 7?#&
+17#10+7-& );&7?#& .$+1&*#.#1*0&)1& 7?#&07$7#&);&=+1*& );&7?#& 05;;#/#/C&1)7& )1& 7?#& .$+1'0& )"1&
+17/+10+2&1$75/#B!& Z)/&I+2#/)C&+7&"$0& !7?#& 07$7#&);&=+1*& );&7?#& 05;;#/#/C&1)7&7?#&.$+1'0& )"1&
: ; 7
" TM8"?$&5646BE" F;8,8,+SW9,V" ;8;8:WOV" ;8<8+OW9OL" >&A>/&A>6E" Y>4(" &6" &E" XB$" 6%" BEX" F4b6d1! 0/>%JA>" \%(A0"
./0*1)1$';" +OW9,V"+,,V"+,SW++8"
+9:"
!"#$!"%!&'"(#)$*+,' #-(#'.(%'/*&!%!0*1'2'%!3!4($'(##!#)/*'!%'56)"/'!"'7*"*&('!"!"#$%&'' 891:;'
,<-*' .!%*' 3("' /6*%' $*&*!0*' %63*'.6)"/%+' =)#' #-6%*' #-(#' -*' $*&*!0*%' -*' =!"/%' )>+'
($$*%#%+'("/'-*(4%?' #-*%*'4*%%*$'#-!"@%'-*'/6*%'"6#'*0*"' 5**4+'"6$'/6*%'-*'*3>46A'(@(!"%#'
#-*3' -!%' (&&)%#63*/' 0!$#)*'65'=*($!"@' -($/%-!>+' =)#' -*' *!#-*$' 5(!4%' #6' "6#!&*' #-*3+'6$'
&6)"#%' #-*3'.6$#-A'65'('%3!4*1,'
B6$' 7*"*&(+' #-!"@%' @66/' 6$' *0!4' .*$*' "6#' C)%#' 3(##*$%' 65'3*"#(4' (##!#)/*' ("/' -)3("'
>*$&*>#!6"+'!#'.(%'(4%6'D6/E%' .(A'65'#-!"F!"@;',G#'!%'D6/E%' >)$>6%*+' ("/'#-*'.!%*'3("E%'
(%' .*44+' #6' %-6.' #-(#'#-6%*'#-!"@%'.-!&-' #-*' 6$/!"($A'3("'/*%!$*%'("/' #-6%*'.-!&-' -*'
/$*(/%'($*' $*(44A'"*!#-*$'@66/'"6$'*0!4%1'G#'.!44' (>>*($+'-6.*0*$+'#-(#' #-*$*' ($*'@66/%+'! 5'
#-*%*'($*'=*%#6.*/' 6"4A'6"'@66/'3*"+'("/'#-(#'#-*$*' ($*'*0!4%+'! 5'#-*%*'($*' !"54!&#*/'6"4A'
6"' #-*'*0!4,! ()*#+'' H18IJK1'<-*'7#6!&'!/*(' #-(#'D6/E%' >)$>6%*' &6)4/'=*' !"'-($36"A'.!#-'
-)3("' #-!"F!"@'.(%' &6"%!%#*"#' .!#-' #-*!$'5)"/(3*"#(4'=*4!*5' !"'#-*' )"!#A' 65'#-*'/!0!"*'
2I6A6!?'("/'#-*!,#-#./! "#$%&'()#*"+,'!"'3("1'
7*"*&(+' !"! 01'' LJ18M+' !"' >$656)"/4A'7#6!&' %>!$!#' ("/' &63>6%)$*+' %#$*%%*/' #-(#' 3("E%'
064)"#($A' /*&!%!6"' #6' &6"5$6"#'-($/%-!>' .(%' (' @$*(#' 0!$#)*;' ,111"6#-!"@' @46$!6)%' &("'
$*%)4#' 5$63')".!44!"@"*%%'("/' &6.($/!&*?' 0!$#)*'/6*%'"6#-!"@')"/*$' &63>)4%!6"!(2#$!
3%&! 45&36! 78#*9#%56/! :5#;! 4<! 9$+9&#! 3&! &3*79+3*%4$&3! =9&>! $9?98! =4.9&! +9*&5%/! :594! $3.3%%3!
3%&'@A' N&51'OO18OK1'B6$'7*"*&(+' ('0!$#)6)%'3("' ,.*4&63*%! (46183B4&5*@' #-(#' .-!&-'(44'
6#-*$' 3*"' $*@($/' .!#-' 5*($,1O:8'<-*' 0!$#)6)%'3("' .(%' 5*($4*%%'.-*"' &6"5$6"#*/'.!#-'
-($/%-!>;' ,P*'$*&F6"%' (44'#-*%*'#-!"@%' (%' #-*'=)@=*($%'65'3("E%' *Q!%#*"&*1' R(!"#'-!3'('
>!&#)$*'65'%4(0*$A+'4(%-*%+'&-(!"%+'.("#+'3)#!4(#!6"'=A'/!%*(%*'6$'=A'#6$#)$*+'6$'("A#-!"@'
*4%*' A6)'3(A' &($*' #6'3*"#!6"?'-*' .!44' &6)"#' (44'%)&-' #-!"@%' (%' #*$$6$%' &()%*/' =A' #-*'
/*$("@*3*"#' 65'#-*'3!"/,!(01''LH1JMK1'
-%.%()/!"#$!01234,!(52!6728,!%&'!129232!
360!
G"! 01'' M81JOIJM' 7*"*&('3(/*' !#'&4*($' !#'.(%' "6#' -($/%-!>' !#%*45' #-(#' .(%' *0!4' =)#' #-*'
=$*(F/6."' 65' #-*' -)3("' 3!"/+' ("/' !#' .(%' 6"4A' !"' #-*' $(#!6"(4' >($#' 65'3("' .-*$*'
,%)>$*3*'@66/,'&6)4/'=*'56)"/;'
S-(#' *4*3*"#' 65' *0!4' !%' #-*$*' !"'#6$#)$*' ("/' !"'#-*' 6#-*$' #-!"@%' .-!&-' .*' &(44'
-($/%-!>%T' G#'%**3%'#6'3*'#-(#' #-*$*' !%'#-!%'*0!4+' I'#-(#'#-*'3!"/'%(@%+'("/'=*"/%+'
("/'&644(>%*%1'U)#'"6"*' 65'#-*%*'#-!"@%'&("' -(>>*"' #6' #-*'%(@*?'-*'%#("/%'*$*&#'
)"/*$'("A' 46(/1111G'/6'"6#'.!#-/$(.'#-*'.!%*'3("'5$63'#-*'&(#*@6$A'65'3("+'"6$'
/6'G'/*"A' #6'-!3'#-*'%*"%*'65'>(!"'(%' #-6)@-'-*'.*$*'('$6&F'#-(#'-(%' "6'5**4!"@%'
(#' (441' G'$*3*3=*$' #-(#'-*'!%'3(/*')>'65'#.6'>($#%;' #-*'6"*'>($#'!%'!$$(#!6"(4' I'!#'!%'
#-!%'#-(#'3(A'=*'=!##*"+'=)$"*/+'6$'-)$#?'#-*'6#-*$'>($#' !%'$(#!6"(4'I'!#'!%'#-!%'.-!&-'
-64/%' $*%64)#*4A' #6' 6>!"!6"%+'!%' &6)$(@*6)%+' ("/' )"&6"V)*$(=4*1' G"'#-*' 4(##*$' !%'
%!#)(#*/'3("E%'7)>$*3*'D66/1'
7*"*&('-*4/'#-(#' ,#-*'.!%*'3("' !%' ('%F!44*/' -("/' (#' #(3!"@'*0!4%1'R(!"+'.("#+' /!%@$(&*+'
!3>$!%6"3*"#+' *Q!4*'I'#-*%*'($*' )"!0*$%(44A'#6'=*' 5*($*/?'=)#' .-*"' #-*A' *"&6)"#*$' #-*'
.!%*'3("+'#-*A'($*'#(3*/,!(01''LH1:8K1'
2&&6$/!"@'#6'W>!&#*#)%' #-*'0!$#)6)%'3("'.(%'6"*',.-6'#-6)@-'%!&F'!%'-(>>A+'#-6)@-'!"'
/("@*$'!%'-(>>A+' #-6)@-'/A!"@' !%'-(>>A+'#-6)@-'&6"/*3"*/' #6'*Q!4*'!%'-(>>A+'#-6)@-'!"'
/!%$*>)#*' !%' -(>>A,' ("/' ,%)55*$%' "6' -($3+' *0*"' #-6)@-' -*' !%' %6)"/4A' 546@@*/+'6$'
!3>$!%6"*/+'6$'=*-*(/*/,'NJ18X1J:?'&51':1818JOK1',P6.+'#-*"+'/6*%'!#'&63*'(=6)#' #-(#'-*'
%)55*$%'"6'-($3+'*0*"'#-6)@-'-*'!%'%6)"/4A'546@@*/+'6$'!3>$!%6"*/+'6$'=*-*(/*/T,'(%F*/'
W>!&#*#)%1' <-*' ("%.*$' .(%;' <-*' 0!$#)6)%' 3("' =6$*' !#' !"' ,(' "6=4*' %>!$!#,' N:1818JMK1'
W>!&#*#)%' -(/' @$*(#' &6"5!/*"&*' !"'#-*' -)3("'3!"/E%' 5$**/63'#6'&-66%*'=*#.**"' @66/'
("/'*0!4' N81JH18I:?'&51'J1:IM?'J1H18+'MILK1'
<-*'7#6!&%'.*$*'F**"4A' (.($*' 65'#-*' 5(&#'#-(#' .-!4*' ('36$(44A'$!@-#' (##!#)/*'("/'(&#!6"'
.*$*' .!#-!"' 3("E%' >6.*$' #6' /*&!/*' ("/' /6' (&&6$/!"@' #6' -!%' "(#)$*I*"/6.*/' $*(%6"+'
#-*$*' .*$*'65#*"'#-*')"56$*%**"' &!$&)3%#("&*%' .-!&-'&6)4/'>$*0*"#' -!3'5$63'$*(4!Y!"@'
-!%' "6=4*' @6(41'P6.*0*$+' #-!%' .(%' "6#' #-*!$'>$!3($A'&6"&*$"+' =*&()%*' (%' 46"@'(%' #-*'
(##!#)/*'("/'(&#!6"'.*$*!6#*488-! *97?&/' #-*'3(#)$*'7#6!&%'&6)4/'&633!#'#-*'*"/I$*%)4#' #6'
364!
D6/+'5(#*'6$'&-("&*'.!#-'#-*'>*(&*'65'3!"/'("/'('&4*($'&6"%&!*"&*' N6.*!7$!6!&?K1'Z($A!"@'
/*@$**%'65'=*4!*5' !"'5(#*'6$'/*#*$3!"!%3'%**3*/'#6'=*' V)!#*'&6336"'(36"@'7#6!&%1'G"'
#-*' *"/+'.-(#'=$6)@-#'-(>>!"*%%'#6'('3("'.(%'"6#'"*&*%%($!4A' %)&&*%%'!"'#*$3%' 65'#-*'
(&#)(4'$*(4!Y(#!6"'65'#-*'/*%!$*/'@6(4+'=)#'#-*!6#*488-! 7##;' !"#*"#!6"+'(##!#)/*'("/'(&#!6"1'
S-!4*' (&&*>#!"@'&*$#(!"'5($%'.-!&-'&6)4/'=*'=*A6"/'-)3("' &6"#$64+' #-*'7#6!&%'.*$*'
@*"*$(44A' 0*$A'%#$6"@'("/'&6"%!%#*"#' !"'#-*!$'&6"0!&#!6"' #-(#' %*45I$*4!("&*+'!"56$3*/'=A'
F"6.4*/@*'("/'@)!/*/'=A'.!%/63'("/'$*(%6"+'.(%'#-*'$6(/'#6' -(>>!"*%%1'
:26!;)<=>?#&!)>!@"=A>!B#5+!
<-*' !/*(' #-(#' -)3("' -($/%-!>%' -(/' #-*!$' /!0!"*' 6$!@!"' %**3*/' #6' =*' 0*$A' ("&!*"#1' G#'
&6)4/'=*' 56)"/+'56$'*Q(3>4*+' !"'P63*$E%! C894;' J:1HJMIH8'("/! D;-%%3-' :1J[OI[M+' 81[JI
[[1'G"'#-*'3A#-646@A'65'P63*$+'=6#-'@66/'("/'*0!4'&(3*'5$63'D6/1'P6.*0*$+'!"'6$/*$'
#6'C)%#!5A'D6/E%' @66/"*%%'("/' #-*'/!0!"*'>)$>6%*' =*-!"/' ,*0!4,+' R4(#6' !"!E3! *315<89.4!
O8MW'=64/4A' (55!$3*/'#-(#',D6/'!%'=4(3*4*%%' NO*O\?!4+49B9#./@'A' P*'$*>*(#*/' #-!%'!"!F31'!
[L92;' ,111.*'3)%#' *!#-*$' 56$=!/' #-*3'#6' %(A' #-(#' #-*%*'.6*%' ($*' #-*'.6$F' 65'D6/+'6$'
#-*A'3)%#' /*0!%*' %63*' %)&-' !"#*$>$*#(#!6"'(%' .*' "6.' $*V)!$*+' ("/' 3)%#' /*&4($*' #-(#'
.-(#'D6/'/!/'.(%' $!@-#*6)%' ("/'@66/+'("/'#-*A'.*$*'=*"*5!#*/'=A'#-*!$' &-(%#!%*3*"#1,'
G#' .(%' #-!%'&6"0!&#!6"' #-(#'>$60!/*/'#-*'.!%*'.!#-' #-*' 56$#!#)/*'#6'*"/)$*' %)55*$!"@'("/'
3!%56$#)"*'(%'R4(#6'>)#'!#'!"!F31''[LMW;'E,]*(%#'65'(44' #-*"'#6'-!3'!%'!#'('#*$$!=4*'#-!"@'#6'
46%*'%6"'6$'=$6#-*$'6$'-!%'.*(4#-'6$'("A#-!"@'65'#-*'%6$#1E' E]*(%#'65'(441E' E<-*"'-*'3(F*%'
#-*' 4*(%#' 4(3*"#' ("/' =*($%' !#' 36%#' 36/*$(#*4A' .-*"' ("A' %)&-' 3!%56$#)"*' 60*$#(F*%'
-!31E,' R4(#6E%'>6!"#'.(%'&4*($1' N8K'<-*'D6/^@6/%'&6)4/'"6#'=*'-*4/'$*%>6"%!=4*' 56$'*0!41'
NJK'W0*"'! 5'-($/%-!>'6$'("A'*0!4' %-6)4/'=*5(44'3("+'!#'&6)4/'6"4A'=*'56$'-!%'=*"*5!#1'
S-!4*' #-*' 7#6!&%' >)#' @$*(#' *3>-(%!%' 6"' %*45I$*4!("&*' ("/' .*$*' 5)44A' &6"5!/*"#'(=6)#'
-)3("'>6#*"#!(4'("/'(=!4!#A' #6'/6'#-*'=*%#'!"'4!5*+'#-*A'(4%6'=*4!*0*/'#-(#'(44'-)3("'4!0*%'
.*$*' >$*/*#*$3!"*/' =A' %63*'>$60!/*"&*+'.-*#-*$' #-*' @6/%' 6$' 5(#*+'6$' =6#-1'_*#+' #-*'
368!
-)3("' >*$%6"%' .*$*' )4#!3(#*4A' $*%>6"%!=4*' 56$' #-!"@%' @66/' 6$' =(/1' <6' #-*3+'
>$60!/*"#!(4'/*#*$3!"!%3'("/'-)3("'36$(4'$*%>6"%!=!4!#A'.*$*' 5)44A'&63>(#!=4*1'
7*"*&(E%!E3!)*#+9;3$&94/' .$!##*"'($6)"/'2`':8I:J+'.(%' ('F!"/'65'#-*6/!&A+'!"'$*%>6"%*'
#6'])&!4!)%E' V)*%#!6";' ! 5'R$60!/*"&*' .(%' !"/**/' !"'&6"#$64+'-6.'/!/'6"*' (&&6)"#' 56$'#-*'
/!%#)$=!"@' 5(&#'#-(#' 3("A' *0!4%'65#*"'%**3*/'#6'&63*' )>6"' @66/' >*6>4*1' G"'-!%'$*>4A+'
7*"*&('(%%*$#*/'#-(#'#-*'.6$4/' 65'"(#)$*' .(%'6$/*$4A'("/'.*44'>4(""*/' %6' #-(#'6"*'&6)4/'
6"4A' (%%)3*' #-(#' .-(#*0*$' -(>>*"*/' #6' 3*"' .(%' >$60!/*"#!(41'U)#' #-*' %#$6"@' ("/'
0!$#)6)%' 3)%#' "6#' =*' %-(F*"' =A' .-(#' .*$*' &6336"4A' $*@($/*/' (%' ,*0!4%,+' %)&-' (%'
3!%56$#)"*+'%!&F"*%%+' ("/'*0*"' /*(#-' !#%*451' 24 4' #-*%*'%-6)4/' =*'3(##*$%' 65'!"/!55*$*"&*'
#6'#-*31' G"'$*(4' 4!5*'D6/'65#*"'>)#'#-6%*'.-63'-*' 460*/'("/' #$)%#*/' #6'%*0*$*'#*%#'("/'
%#$)@@4*' ("/' D6/'.(%' )%)(44A' "6#' /!%(>>6!"#*/1' B6446.!"@' #-!%' %!3>4*' 46@!&+' #-*' .*(F'
("/' #-*' #!3!/' .*$*' "6#' .6$#-A' 65' D6/E%' #$!(41' 2%' %)&-+' #-*' 3(#)$*' ("/' #-*' -!@-4A'
36#!0(#*/' %-6)4/' $*(44A'.*4&63*' %)55*$!"@%'("/' &(4(3!#!*%' (%' D6/I%*"#' 6>>6$#)"!#!*%'
56$' #-*!$' 6."' @66/1' D6/' ,/6*%' "6#' 3(F*' (' %>6!4*/' >*#' 65' (' @66/' 3("?' -*' #*%#%'-!3+'
-($/*"%' -!3+' ("/' 5!#%' -!3' 56$'-!%' 6."' %*$0!&*! (G#$56! +9*56! 9$! ;389.99%! $#$! ?4<3&/!
3B13*9&5*/! 9$;5*4&/! %9<9! 98956! 14*4&@A/' 7*"*&('(%%*$#*/' !"! )*#+''81O1' P*' *4(=6$(#*/' 6"'
#-!%;'
D6/+' G'%(A+' !%' %-6.!"@'5(06)$'#6'#-6%*'.-63'-*'/*%!$*/' #6' (&-!*0*' #-*' -!@-*%#'
>6%%!=4*' 0!$#)*'.-*"*0*$' -*' @!0*%' #-*3' #-*'3*("%'65'/6!"@' ('&6)$(@*6)%' ("/'
=$(0*'/**/+'("/'#6'#-!%'*"/'#-*A'3)%#'*"&6)"#*$' %63*'/!55!&)4#A'!"'4!5*1111`6'"6#+'
G' =*@'65'A6)+'%-$!"F'!"'5*($'5$63'#-6%*'#-!"@%'.-!&-'#-*'!336$#(4'@6/%'(>>4A'4!F*'
%>)$%+'(%' !#'.*$*+'#6'6)$'%6)4%1'`!%(%#*$' !%'Z!$#)*E%'6>>6$#)"!#A!H.48469&4%! +9*&5&9%!
#..4%9#! 3%&@'''' 1G"' 4!F*'3(""*$'D6/'-($/*"%+'$*0!*.%+'("/'/!%&!>4!"*%'#-6%*'.-63'
-*' (>>$60*%+' .-63'-*' 460*%! (I#%! 9&4:53! ;35%! :5#%! 1*#<4&/! :5#%! 464&/! 9$;5*4&/!
*3.#7$#%.9&/! 3B3*.3&@! H)*#+'':1HIMK1'
B6$'7*"*&('#-*'#$!(4'65'#-*'0!$#)6)%'("/'-!%')4#!3(#*'0!$A'.(%'(4%6'>($#'65'D6/E%' @$("/'
("/' 3A%#*$!6)%' /*%!@"' #6' V)*%#!6"' &6336"' &6"&*>#!6"%' &6"&*$"!"@' #-*' "(#)$*' 65'
3C7!
,@66/,' ("/' ,*0!4,+' &6"&*>#!6"%' .-!&-' 5(!4*/' #6'/!%#!"@)!%-'#-*! 6#*488-' @66/' ("/' *0!4'
5$63'#-*',!"/!55*$*"#,'#-!"@%!()*#+'' H1JK1'
7*"*&(' =*4!*0*/' #-(#' *0*"' #-*' @6/%' .*$*' %63*#!3*%' 360*/' =A' #-*' 0!$#)6)%'3("E%'
%#$)@@4*' .!#-' D6/I%*"#' &(4(3!#A;',`6'A6)'.6"/*$' ! 5'#-(#'D6/+'.-6'36%#' /*($4A'460*%'
#-*' @66/! (;35%! 9883! <#$#*56! 464$&9%%965%@/' .-6'.!%-*%' #-*3' #6' =*&63*' %)>$*3*4A'
@66/'("/'0!$#)6)%+'(446#%'#6'#-*3'('56$#)"*'#-(#'.!44' 3(F*'#-*3'%#$)@@4*T'B6$'3A'>($#+'G'
/6' "6#' .6"/*$' ! 5'%63*#!3*%' #-*' @6/%' ($*' 360*/' =A' #-*' /*%!$*' #6' =*-64/' @$*(#' 3*"'
.$*%#4*'.!#-'%63*'&(4(3!#A,!()*#+/'J1OIMK1'
<-*'>*/(@6@!&(4'0(4)*'("/'/!%&!>4!"*'!"'3("E%'%#$)@@4*'.(%'$*(/!4A'(%%)3*/'=A'7*"*&(;'
,2"/' %6+' !"'#-*' &(%*'65'@66/'3*"' #-*' @6/%' 56446.' #-*' %(3*'$)4*' #-(#' #*(&-*$%' 56446.'
.!#-' #-*!$' >)>!4%?'#-*A' $*V)!$*'36%#' *556$#' 5$63' #-6%*' 65'.-63' #-*A' -(0*' #-*' %)$*%#'
-6>*%,! ()*#+'' :188K1'
<-*'3("' !"' %#$)@@4*'3)%#' #(F*' @$*(#' &6356$#'5$63' #-*' 5(&#'#-(#' ,D6/' -(%' /**3*/' )%'
.6$#-A' !"%#$)3*"#%' 65' -!%' >)$>6%*' #6' /!%&60*$' -6.'3)&-' -)3("' "(#)$*' &("' *"/)$*'
(E97$9! +9%9! %565%! ;3#! 9$! :59<5%! 3B13*9*3&5*! :54$&56! ?564$4! $4&5*4! 1#%%3&! 14&9@A!
()*#+'' :1L1' 7**! 01'' 881LI89?' HJ1J1MILK1'U)#' 56$'7*"*&(+' %)&-' @$*(#' &6356$#'.(%' "6#'
*"6)@-' #6' %)%#(!"' 3("' !"'-!%' 4!5*I46"@' %#$)@@4*1'U*%!/*%' =*!"@' ('3("' 65' 56$#!#)/*'("/'
&6)$(@*+' -*'3)%#'(4%6'&633!#'-!3%*45' #6'D6/'6$'B(#*+'.!#-'#-*'%#$6"@'&6"0!&#!6"'#-(#'-!%'
%#$)@@4*'.(%' >($#' 65'#-*' @$("/'/*%!@"' 65'#-*' )"!0*$%*' /*#*$3!"*/'=A' (' %60*$*!@"' .!441'
<-!%'>-!46%6>-A'-(/'=**"'.*44'%#(#*/+' 56$'*Q(3>4*+'=A'7*"*&('!"!)*#+'' H1OIL;'
G' (3')"/*$'"6'&63>)4%!6"+'G'%)55*$'"6#-!"@'(@(!"%#'3A'.!4 4 +' ("/'G'(3'"6#'D6/E%'
%4(0*' =)#' -!%' 56446.*$1111<-*$*56$*'*0*$A#-!"@' %-6)4/' =*' *"/)$*/' .!#-'
56$#!#)/*111'4*#' )%'=*'&-**$5)4'("/'=$(0*'!"'#-*'5(&*'65'*0*$A#-!"@+'$*54*&#!"@'#-(#'!#'
!%' "6#-!"@'65'6)$'6."'#-(#'>*$!%-*%1' S-(#+'#-*"+'!%' #-*' >($#' 65'('@66/'3("T'<6'
655*$'-!3%*45' #6'B(#*1'G#'!%'('@$*(#'&6"%64(#!6"'#-(#'!#'!%'#6@*#-*$'.!#-'#-*')"!0*$%*'
.*' ($*' %.*>#' (46"@?'.-(#*0*$' !#'!%'#-(#'-(%' 6$/(!"*/')%' %6' #6' 4!0*+' %6' #6'/!*+'=A'
#-*'%(3*'"*&*%%!#A' !#'=!"/%'(4%6'#-*'@6/%1'
3C1!
7*"*&(E%'4(%#'%#(#*3*"#' #-(#'"6#'6"4A'3*"+'=)#'(4%6' #-*'@6/%+'.*$*'=6)"/'=A',#-*'%(3*'
"*&*%%!#A,'.(%'"6#'6"4A'('@$*(#'&6"%64(#!6"'#6'#-6%*'.-6'.*$*'&()@-#'!"'-($/%-!>+'!#'(4%6'
%*$0*/' #6'$*!#*$(#*' #-*'7#6!&%E' 5)"/(3*"#(4'=*4!*5' !"'#-*')"!#A'=*#.**"' #-*'0!$#)6)%'3("'
("/'#-*'/!0!"*!8#7#%/' 6$'D6/'-!3%*451'
763*#!3*%' 7*"*&('*0*"'.*"#'5)$#-*$'.!#-' #-*'%**3!"@4A' !"&$*/!=4*'%)@@*%#!6"' #-(#'#-*'
6"*' .-6' *"/)$*/' #-*' 36%#' %*0*$*' -($/%-!>' .!#-' #-*' %#$6"@*%#' 56$#!#)/*'3!@-#' *0*"'
,6)#%#$!>'D6/,+'=*&()%*'D6/'!%',*Q*3>#' 5$63'*"/)$!"@'*0!4+' .-!4*' A6)'($*' %)>*$!6$'#6'
! #,! ()*#+'' O1OK1'
<-*' 7#6!&%E' 56&)%' 6"' $*(%6"' ("/' #-*' 3!"/' #6@*#-*$' .!#-' #-*!$' (##!#)/*' #6' #-!"@%'
,!"/!55*$*"#,'65#*"'@(0*' >*6>4*' #-*' !3>$*%%!6"' #-(#' #-*A' -(/' #6#(44A' /!%$*@($/*/' #-*'
-($%-' $*(4!#A' 65'>-A%!&(4'>(!"'("/'.*$*'06!/' 65'-)3("' 5**4!"@%'("/'*36#!6"%1'7)&-'("'
!3>$*%%!6"+' -6.*0*$+'.(%' "6#' (4#6@*#-*$' &6$$*'7*"*&(+'56$'!"%#("&*+' #66F'#-*' $*(4!#A'
("/'*Q>*$!*"&*'65'>-A%!&(4'>(!"'V)!#*'%*$!6)%4A1'G"'7*"*&(E%!01'' 8:1:IH'('36%#'0!0!/'("/'
@$(>-!&'/*%&$!>#!6"'65'=6/!4A'>(!"'("/'#-*'*Q#$*3*'*"/)$("&*' 65'#-*'%)55*$*$'.*$*'@!0*";'
,R!&#)$*' #6' A6)$%*45')"/*$' #-!%' -*(/' #-*' >$!%6"+'#-*' &$6%%+' #-*' $(&F+' #-*' -66F+' ("/' #-*'
%#(F*'.-!&-'#-*A'/$!0*'%#$(!@-#'#-$6)@-'('3("')"#!4' !#'>$6#$)/*%' 5$63'-!%'#-$6(#1'<-!"F'65'
-)3("' 4!3=%'#6$"' (>($#' =A' &-($!6#%' /$!0*"' !"'6>>6%!#*' /!$*&#!6"%+'65'#-*' #*$$!=4*'%-!$#'
%3*($*/' ("/' !"#*$.60*"'.!#-' !"54(33(=4*'3(#*$!(4%+' ("/' 65'(44'#-*' 6#-*$' &6"#$!0("&*%'
/*0!%*/'=A'&$)*4#A+'!"'(//!#!6"'#6'#-6%*'.-!&-'G'-(0*'3*"#!6"*/a,'
<-*'7#6!&%E' *3>-(%!%' 6"'#-*'3(%#*$A' ("/'%#$*"@#-' 65'#-*'-)3("' $*(%6"' .(%' %63*#!3*%'
(&&63>("!*/' =A' (' -)3=4*' (&F"6.4*/@*3*"#' 65' /!0!"*' (%%!%#("&*' !"'3("E%' %#$)@@4*+'
%)&-'(%'7*"*&('>)#'!#'!"!01'':81J;',G"/**/+'"6'3("'&("'=*'@66/'.!#-6)#'#-*'-*4>'65'D6/1'
b("'6"*'$!%*'%)>*$!6$'#6'56$#)"*')"4*%%'D6/'-*4>%'-!3'#6'$!%*T,'2"/'!"!01'':81:;' , G 5'A6)'
3C3!
%**' ('3("'.-6' !%' )"#*$$!5!*/'!"'#-*'3!/%#'65'/("@*$%+')"#6)&-*/' =A'/*%!$*%+' -(>>A'!"'
(/0*$%!#A+'>*(&*5)4'(3!/'#-*'%#6$3+'.-6'466F%'/6."')>6"'3*"' 5$63'('-!@-*$'>4("*+'("/'
0!*.%' #-*' @6/%' 6"' (' 566#!"@'65'*V)(4!#A+' .!4 4' "6#' (' 5**4!"@'65'$*0*$*"&*' 56$'-!3'%#*(4'
60*$' A6)T' S!44' A6)'"6#' %(A;' E<-!%'V)(4!#A'!%' #66'@$*(#' ("/' #66' 465#A'#6'=*' $*@($/*/' (%'
$*%*3=4!"@'#-!%'>*##A'=6/A'!"'.-!&-'!#'/.*44%T' 2'/!0!"*'>6.*$'-(%'/*%&*"/*/')>6"'#-(#'
3("1E,'
<-*'56446.!"@'%#(#*3*"#' !"'7*"*&(+!01''M[18O'.6)4/'&*$#(!"4A'=*'('@$*(#' *"&6)$(@*3*"#'
#6' #-6%*'&()@-#' !"'#$!(4;' ,<-*'@6/%'($*'"6#'/!%/(!"5)4'6$'*"0!6)%?'#-*A'6>*"' #6'A6)?'#-*A'
4*"/'('-("/'(%'A6)'&4!3=1'`6'A6)'3($0*4'#-(#'3("'@6*%'#6'#-*'@6/%T'D6/'&63*%'#6'3*"?'
"(A+'-*'&63*%'"*($*$+'-*'&63*%'!"#6'3*"1'c6'3!"/'#-(#'-(%'"6#'D6/+'!%'@66/1,O:J'G"'#-!%'
>($#!&)4($'&6"#*Q#+'#-*'.6$/' ,$*(%6",'!"'#-*' 56446.!"@'%#(#*3*"#' !"!01'M:1J8' &6)4/'.*44'
=*'#(F*"'(%'('F!"/' 65'%A"6"A3'56$'D6/;',]60*'$*(%6"a'<-*'460*'65'$*(%6"' .!44' ($3'A6)'
(@(!"%#' #-*' @$*(#*%#' -($/%-!>%! (J64! *4&9#$36K! I595%! &3! 46#*! .#$&*4! ;5*9%%964!
4*64<9=@'A!
763*#!3*%' W>!&#*#)%' &6"&*!0*/'65'D6/'(%' %63*6"*'.-6'.(%' ,.!#-!",'3("'-!3%*45+'%6'
#-(#' -*' =*&(3*' (' F!"/' 65' ,D6/I=*($*$,1' 7)&-' (' #-6)@-#' "(#)$(44A' >4(&*/' @$*(#'
$*%>6"%!=!4!#A'6"'3(";'
`6' A6)'"6#'F"6.'#-(#'A6)'($*'"6)$!%-!"@'D6/+'*Q*$&!%!"@'D6/T'_6)'($*'=*($!"@'
D6/' (=6)#' .!#-' A6)+'A6)'>66$'.$*#&-+'("/' F"6.'!#'"6#a'`6'A6)'%)>>6%*'G'(3'
%>*(F!"@' 65'*Q#*$"(4'D6/+'3(/*'65'%!40*$'6$'@64/T'G#'!%'.!#-!"' A6)$%*45'#-(#'A6)'
=*($'P!3+' ("/' /6'"6#'>*$&*!0*' #-(#' A6)'($*' /*5!4!"@'P!3'.!#-' !3>)$*' #-6)@-#%'
("/' 5!4#-A' (&#!6"%1' _*#'!"'#-*'>$*%*"&*'65'*0*"' ("' !3(@*'65'D6/'A6)'.6)4/'"6#'
/($*'#6'/6'("A#-!"@'65'#-*' #-!"@%'A6)'($*'"6.'/6!"@1'U)#'.-*"'D6/'P!3%*45' !%'
>$*%*"#' .!#-!"' A6)+'%**!"@' ("/' -*($!"@' *0*$A#-!"@+'($*' A6)'"6#'(%-(3*/' #6' =*'
#-!"F!"@' ("/' /6!"@'%)&-' #-!"@%' (%' #-*%*+'d' !"%*"%!=4*' 65'A6)$'6."'"(#)$*+' ("/'
6=C*&#'65'D6/E%'.$(#-a'NJ1L18JI8:K'
-%%!)D>"!-%.%()/!"#$!61211,!C121,! 13721C,!E&#(+%+'>!32428F1C2!
3C6!
U(%!&(44A' 56446.!"@'-!%'@$*(#'>$*/*&*%%6$%+'e($&)%'2)$*4!)%'2"#6"!")%'-*4/'5!$3' #6'#-*'
=*4!*5'#-(#'*0*$A#-!"@'!"'#-*'.6$4/'.(%'#-*'/*%!@"'65'#-*'/!0!"*'f*(%6"' 6$'D6/+'.-!&-'6$'
.-63'3("'3)%#' @4(/4A' (&&*>#' ("/' &6I6>*$(#*' .!#-1' <6'/6' %6' .(%' (4%6' #6' 56446.' #-*'
/!&#(#*' 65' c(#)$*1' ,S-A' %-6)4/' G' 4!0*' !"' (' .6$4/' .-*$*' #-*$*' ($*' "6' @6/%' ("/' "6'
R$60!/*"&*T,'(%F*/'e($&)%'2)$*4!)%'!"!L3;9&4&9#$%' J1881'
G"' &*$#(!"'&6"#*Q#%+' ,$*(%6",' ("/',@6/,'.*$*'(436%#'%A"6"A36)%' 56$'e($&)%'2)$*4!)%1'
2%' %)&-+' 6"*' %-6)4/' (4.(A%' ,F**>' #-*' @6/' .!#-!"' )%' %(5*' 5$63' 0!64(#!6"' 6$' -($3+'
%#$6"@*$' #-("' >4*(%)$*%' ("/'>(!"%+' /6!"@'"6#-!"@'.!#-6)#' >)$>6%*' 6$'=A'3!%#(F*'6$'!"'
>$*#*"&*+' -(0!"@'"6'"**/'#-(#'("A6"*'*4%*'%-6)4/'/6'%63*#-!"@'6$'"6#'/6'%63*#-!"@'("/'
(&&*>#!"@'.-(#'-(>>*"%'("/'.-(#'!%'(%%!@"*/' #6')%'&63!"@'5$63'#-*'%(3*'%6)$&*'(%'#-(#'
5$63'.-!&-'!#'-(%' !#%*45'&63*,!(L3;'! M''8MK1'
]!F*'7*"*&(+'e($&)%'2)$*4!)%'.(%'*V)(44A'&6"0!"&*/'#-(#'('3("E%'-($/%-!>'.(%'D6/E%'
(%%!@"3*"#+' (%'-*'>)#' !#'%!3>4A'=)#'&4*($4A'!"'[188;' ,111("/'.-(#'0!$#)*' !#'&(44%'56$'5$63'
3*+' %)&-' (%' @*"#4*"*%%+' 3("4A' &6)$(@*' N/07>*!(@K+' #$)#-+' 5!/*4!#A+' @)!4#4*%%"*%%+'
!"/*>*"/*"&*+' ("/' #-*' $*%#1' G"'*(&-' &(%*'#-*$*56$*'3)%#' #-6)'%(A;' #-!%'-(%' &63*' 5$63'
D6/1,'d"&*'('3("'(&&*>#*/'.-(#'-(/'=**"'>$*/*#*$3!"*/'=A',/*%#!"A,+'-!%'/)#A'.(%'#6'
=*'6=*/!*"#' #6'D6/'.!#-6)#'&63>4(!"#;' ,111#-*$*' !%' 4*5#'(%' #-*'&-($(&#*$!%#!&' 65'#-*'@66/'
3("' #6' /*4!@-#' !"' ("/' #6' .*4&63*'.-(#' =*5(44%' ("/' .-(#' !%' =*!"@' %>)"' 56$'-!3'=A'
/*%#!"A111=)#' #6'3(!"#(!"' !#' #6' #-*' *"/' !"'(' @$(&!6)%' %*$*"!#A+' !"'6$/*$4A'6=*/!*"&*' #6'
D6/+')##*$!"@'"6'.6$/' #-(#'!%'"6#'#$)*'("/'/6!"@'"6'/**/'#-(#'!%'"6#'C)%#1,O : ['2%'('5(!#-5)4'
,56446.*$' 65'D6/,+'('7#6!&' %-6)4/' #6#(44A' /!%$*@($/' 6#-*$%E' 6>!"!6"' (=6)#' -!3'("/' =*'
5$**' 5$63' (44'&($*%' ("/' &6"&*$"%+' ("/' C)%#' %*#' -!%' 3!"/' 6"' #-*' &6)$%*' #-(#' D6/' -(/'
(%%!@"*/' 56$'-!3;' ,S-(#'6#-*$%'3(A'%(A' 6$' #-!"F' (=6)#' -!3'6$'/6'(@(!"%#' -!3'-*'/6*%'
: C 6
! G)<('>!H'<%D#'>/!()*$!621:2!I52!3210,!620,!92302!
3CC!
"6#' *0*"' 4*#'*"#*$' -!%' 3!"/+' =*!"@' .*44' %(#!%5!*/'.!#-' #-*%*' #.6' #-!"@%' I'C)%#!&*' !"'(44'
>$*%*"#'(&#%'("/'&6"#*"#3*"#' .!#-' -!%'>$*%*"#'46#1'2"/'-*'@!0*%')>' (44'*"@$6%%!"@'&($*%'
("/' (3=!#!6"%+' ("/' -(%' "6' 6#-*$' .!%-'#-("' #6' (&-!*0*' #-*' %#$(!@-#' &6)$%*' #-$6)@-' #-*'
](.'("/+'=A'(&-!*0!"@'!#+'#6'=*'('56446.*$'65'D6/,!(L3;''89188K1'
:2C!-'#(#=%!
<-*'&6"%#("#' $*&)$$*"&*' 65'#-*' #6>!&'65'%)!&!/*'(36"@' #-*'f63("' 7#6!&%+' ("/'7*"*&(E%'
@46$!5!&(#!6"'65'!#'(%' ,#-*'>(#-' #6'5$**/63,+'-(%' >$63>#*/'>*6>4*' #6'$*3($F' #-(#'7*"*&('
.(%' ,!"'460*'.!#-'/*(#-1,O::' S-(#*0*$' #-*'&(%*'3!@-#'=*+' !#'.(%'7*"*&(E%'0!*.'#-(#' ,#-*'
=*%#' #-!"@'.-!&-' *#*$"(4' 4(.'*0*$' 6$/(!"*/'.(%' #-(#' !#'(446.*/'#6')%' 6"*' *"#$("&*'!"#6'
4!5*+'=)#'3("A'*Q!#%1111<-!%' !%'#-*' 6"*' $*(%6"'.-A'.*'&(""6#' &63>4(!"'65' 4!5*;' !#'F**>%'
"6'6"*'(@(!"%#' -!%'.! 4 4 ,! (01''M918:K1'
B6$'(44'-!%'(>>($*"#'@46$!5!&(#!6"'65'/*(#-' ("/'-!%'>$(!%*'65'#-*'5$**/63'!#'=$6)@-#+'!#'.(%'
7*"*&(E%'0!*.'#-(#' *0*$A#-!"@'!"'4!5*+' !"&4)/!"@'/*(#-' !#%*45+'-(/' !#%'(>>6!"#*/' #!3*1'2%'
%)&-+' #-*$*'.(%' "6'"**/'#6'*!#-*$'-(%#*"' !#%'($$!0(4'6$'#6'#$A'#6'#)$"'(.(A' 5$63'!#;',G#'!%'
5644A' #6' /!*' #-$6)@-' 5*($' 65' /A!"@1' <-*' *Q*&)#!6"*$' !%' )>6"' A6)?'.(!#' 56$'-!31'S-A'
("#!&!>(#*' -!3T'S-A'(%%)3*'#-*'3("(@*3*"#' 65'('&$)*4' #(%F' #-(#' =*46"@%' #6'("6#-*$T'
`6' A6)' @$)/@*' A6)$' *Q*&)#!6"*$' -!%' >$!0!4*@*+'6$' /6' A6)'3*$*4A' $*4!*0*' -!3'65' -!%'
#(%FT,!(01''M91LK'
B6$' #-*' 7#6!&%+' ,(>>$6>$!(#*' (&#!6",! J*)75K*"LM' .(%' ("' !3>6$#("#' 5($' $*@($/!"@'
%)!&!/*1' f*(%6"' 3)%#' )4#!3(#*4A' /*&!/*' .-(#' &6)$%*' 65' (&#!6"' .(%' (>>$6>$!(#*' 6$'
!"(>>$6>$!(#*' !"'('>($#!&)4($'%*#'65'&!$&)3%#("&*%1' P6.*0*$+'#6'(&#'(>>$6>$!(#*4A'.(%'"6#'
: C C
! -).=N)(?/!+,)!-./0123! 972!
3C9!
"*&*%%($!4A' @66/+'("/'#6'(&#' !"(>>$6>$!(#*4A'"*&*%%($!4A' =(/+'!"'#-*' %#$!A!6#*48' %*"%*1'
G"'#-!%'&(%*'%)!&!/*'.(%'"6#'('%#$!A!6#*48' !%%)*1'
c(#)$(44A' !#' .(%' V)!#*' !3>6%%!=4*' 56$' #-*' 7#6!&%' #6' #(4F' (=6)#' -)3("' %)55*$!"@'("/'
-($/%-!>' .!#-6)#' -(0!"@' #6' /*(4' .!#-' #-*' !%%)*' 65' /*(#-' )4#!3(#*4A+' .-*#-*$' !#' .(%'
,"(#)$(4,' /*(#-' 6$'6#-*$.!%*1'P*$*' #-*' ,"6=4*,'/*(#-' 65'76&$(#*%+' #-*'>-!46%6>-*$!14*!
3B.3883$.3/' .(%' )"/6)=#*/4A' #-*! 8#.5%! .84%%9.5%' 56$'>*6>4*' #6' !3!#(#*1'R4(#6+'b!&*$6+'
7*"*&(+'("/'W>!&#*#)%' (44'$*@($/*/' 76&$(#*%E' /*(#-' (%' ('$*%>6"%*'#6' ,/!0!"*' %!@",' N%**'
gJ1J181[K1'S-*"'(' ,/!0!"*' %!@",'.(%' @!0*"+'#-*' !%%)*'65'/*(#-+' !"&4)/!"@' %)!&!/*+'.(%'
=*A6"/'3*$*' -)3("'C)/@*3*"#' #6'/*&!/*'.-*#-*$' ("'(&#!6"'.(%' ,(>>$6>$!(#*,'6$'"6#1'
<-!%'.(%'=*&()%*'.-*"'(' ,/!0!"*' %!@",'.(%' =*4!*0*/'#6'-(0*' =**"' @!0*"'#6'('>*$%6"+'
%63*' F!"/' 65' 36$(4' ,6)@-#,' 6$' !3>*$(#!0*' =*&(3*' (' 3(C6$' 5($' !"' #-(#' >*$%6"E%'
)4#!3(#*'/*&!%!6"1'G"'#-!%'&(%*+'#-*'7#6!&%+'4!F*'76&$(#*%+' .6)4/' #-!"F'#-(#'('>*$%6"' &6)4/'
6"4A'=*',6=*/!*"#,'#6'#-*',/!0!"*'%!@",+'.-*#-*$' #6'.!44!"@4A' %)$$*"/*$' #6'%63*'6)#%!/*'
(@*"#+'6$'#6'&633!#'%)!&!/*1'
76&$(#*%'&6"%!%#*"#4A'-*4/'#-(#'#-*'=6/A'.(%'#-*'%6)4E%'>$!%6"'("/'#-*$*'.(%'6"*'.(A'!"'
.-!&-'('3("'&6)4/'=*'5$**'5$63'(44'("Q!*#A'(=6)#'#-*'5(#*'65'-!%'%6)41O : H'R-!46%6>-!&(44A'
6$' $*4!@!6)%4A+' #-*'76&$(#!&' (##!#)/*'#6.($/'/*(#-'.(%'*0!/*"#4A'>$63>#*/'=A'#-*'D$**F'
=*4!*5' !"'#-*' !336$#(4!#A' 65'#-*' %6)4' (%' .*44' (%' !#%' (=!4!#A' #6' 5!"/' #$)*'.!%/63',!"'#-*'
6#-*$'.6$4/1, O : O'
7*"*&(' #-6)@-#' #-(#' 6"&*' #-*' "(#)$*' 65' /*(#-' .(%' >$6>*$4A')"/*$%#66/+' ('3("' &6)4/'
(&#)(44A' ,%&6$"'/*(#-,'=*&()%*'"6#'*0*"' /*(#-' .(%' (=4*' #6'%#$!F*'-!%'%6)4'("/',#-*'.(A'
6)#,' h%)!&!/*i'.(%'(4.(A%'6>*"'#6'-!3'.!#-' #-*'/!0!"*'(%%)$("&*'#-(#',65'(44' #-!"@%'#-(#'G'
: C 9
! OD)+"/!4,')*$! :9I/!::E/!:0IFP/! 119H2!: C :
! OD)+"/!4,')*$! :0EF:4Q2!I52!43I2!
3C:!
-(0*'/**3*/'"*&*%%($A'56$'A6)+'G'-(0*'3(/*'"6#-!"@'*(%!*$'#-("'/A!"@1,' 7*"*&('*0*"'
.*"#' %6'5($'(%' #6'%)@@*%#'#-(#' ,#6'/*%>!%*'6)$'=6/!*%' !%'%)$*'5$**/63,'!"!01'' OH1JJIJ[;'
,B6$'3A'=6/A' !%'#-*'6"4A'>($#'65'3*'.-!&-'&("' %)55*$'!"C)$A1'G"'#-!%'/.*44!"@+'.-!&-'!%'
*Q>6%*/' #6' >*$!4+' 3A' %6)4' 4!0*%'5$**1'c*0*$' %-(44' #-!%' 54*%-'/$!0*'3*' #6' 5**4'5*($+'6$' #6'
(%%)3*' ("A' >$*#*"&*' #-(#' !%' )".6$#-A' 65' (' @66/' 3("1' c*0*$' %-(44' G' 4!*' !"' 6$/*$' #6'
-6"6)$' #-!%'>*##A'=6/A1'S-*"' !#'%**3%'>$6>*$+' 8'%-(44' %*0*$'3A'&6""*&#!6"' .!#-' !#1' 2#'
>$*%*"#+' .-!4*' .*' ($*' =6)"/' #6@*#-*$+' 6)$' (44!("&*' %-(44' "*0*$#-*4*%%' "6#' =*' 6"*' 65'
*V)(4!#A?'#-*' %6)4' %-(44'=$!"@'(44'V)($$*4%' =*56$*'!#%'6."'#$!=)"(41'<6'/*%>!%*'6)$' =6/!*%'
!%'%)$*'5$**/631,'
B6$' 7*"*&(+' -6.*0*$+' #-*$*' .(%' "6#-!"@' -6"6)$(=4*' (=6)#' /*(#-! 13*! %3N' ,`*(#-' !%'
-6"6)$(=4*' .-*"' $*4(#*/' #6' #-(#'.-!&-' !%'-6"6)$(=4*?' =A'#-!%' G'3*("' 0!$#)*'("/' ('%6)4'
#-(#' /*%>!%*%' #-*' .6$%#' -($/%-!>%! (9;! 3%&! +9*&5%! 3&! 4$965%! 3B&*364! .#$&36$3$%@A! (01'!
LJ18:K1'
W>!&#*#)%' %)=%&$!=*/' #6'76&$(#*%E' 0!*.'#-(#' #-*' =6/A'.(%' ("' *"&)3=$("&*1' _*#'#-!%'!"'
!#%*45'.(%'"6#'('%)55!&!*"#'$*(%6"'56$'('>*$%6"' #6'#(F*' %)!&!/*'(%' ("'6>#!6"'N81X189I88K1'G#'
.6)4/' =*' *V)(44A' .$6"@' #6' &633!#' %)!&!/*' !"' 6$/*$' #6' *%&(>*' 5$63' 6"*E%' (/0*$%*'
&!$&)3%#("&*%1' <-*'$!@-#'.(A'#6'#$*(#'6"*E%'=6/A'.(%' %!3>4A'#6'$*@($/' !#'(%'&63>4*#*4A'
)"!3>6$#("#' N81X18MK1O:L'
W>!&#*#)%' .(%' %63*#!3*%' 56"/'65')%!"@'('>-$(%*'4!F*' ,#-*'/66$'%#("/%'6>*",' #6' !"/!&(#*'
#-(#' %)!&!/*' (4.(A%' $*3(!"*/' ("' 6>#!6"' 56$' >*6>4*' N81JH18LK1' P6.*0*$+' 6"*' %-6)4/'
(4.(A%'=*'&*$#(!"'(=6)#'D6/E%' &(44'=*56$*'%)!&!/*'.(%'&633!##*/;', G 5' #-6)'%*"/*%#'3*'#6'
('>4(&*'.-*$*'3*"'-(0*'"6'3*("%'65'4!0!"@' !"'(&&6$/("&*'.!#-'"(#)$*+' G'%-(44'/*>($#' #-!%'
: C 0
! -%.%()/!4&/5$! :2:F0,!%&'!121132!: C 4
! R".B/!"#01.).623! 1982!
3C0!
4!5*+'"6#'!"'/!%6=*/!*"&*' #6'#-**+'=)#'(%' #-6)@-'#-6)'.*$#'%6)"/!"@'56$'3*'#-*'$*&(441,'
24%6+'"6'6"*' %-6)4/'#(F*'-!%'6."'4!5*')"4*%%'-*'.(%'&*$#(!"'#-(#'-*'-(/' &63>4*#*/'-!%'
D6/I@!0*"' (%%!@"3*"#' 6"'*($#-;',e*"+'.(!#' )>6"'D6/1'S-*"'-*' %-(44'@!0*'#-*'%!@"(4'
("/' %*#' A6)' 5$**' 5$63' #-!%' %*$0!&*+' #-*"' %-(44' A6)'/*>($#' #6' -!3?'=)#' 56$'#-*' >$*%*"#'
*"/)$*'#6'(=!/*'!"'#-!%'>4(&*+'.-*$*'-*'-(%'%#(#!6"*/'A6),' N81X18OK1'
:29!I"'<)B%!).=!S).D#.%>>!
j'
k)!#*'('46#'-(%'(4$*(/A'=**"' %(!/'(=6)#'#-*'7#6!&'(##!#)/*'#6.($/'-($/%-!>'("/'%)55*$!"@1'
P6.*0*$+'!"'6$/*$'#6'3(F*'('&4*($*$' ("/'%#$6"@*$'&63>($!%6"'("/'&6"#$(%#'=*#.**"'#-*'
7#6!&'("/'#-*'R()4!"*'>*$&*>#!6"%' 65'#-*'3(##*$+' !#'.6)4/' =*'"*&*%%($A'#6'-!@-4!@-#' #-*'
7#6!&'0!*.'6"'&6)$(@*'("/'3("4!"*%%'-*$*1'
`*%>!#*' #-*' /!%#!"&#!0*"*%%' 65' 7#6!&!%3' (%' (' >-!46%6>-!&(4' %&-664+' !#%' 4*(/*$%' ("/'
56446.*$%'&6"#!")*/'#6'=*' !"%>!$*/'=A'R4(#6'("/'l*"6>-6"E%'76&$(#*%+' *%>*&!(44A'!"'#-*'
($*(' 65' 36$(4' 0!$#)*%+' %)&-' (%' 56$#!#)/*' ("/' %*45I&6"#$64' 60*$' 3*"#(4+' >-A%!&(4+'("/'
*36#!6"(4'%#$*%%1OH9'<-*'7#6!&%'.*$*'(4%6'3!"/5)4'65'76&$(#*%E' 5(36)%'%(A!"@;',c6'-($3'
&("'&63*'#6'#-*'@66/'3("'!"'4!5*'6$'!"'/*(#-+'("/'-!%'&!$&)3%#("&*%' ($*'"6#'!@"6$*/'=A'
#-*'@6/%,'NR4(#6+!J1#8'' :G`K1'
b!&*$6' *Q>$*%%*/' -!%' /**>' &6"0!&#!6"' !"' (' 0*$A' 7#6!&' 3(""*$' #-(#' #-*' &6)$(@*' ("/'
/!%&!>4!"*' 65' #-*' -)3("' %6)4' .6)4/' *"(=4*' ('3("' #6' *"/)$*' (44'#-*' 6//%' !"' 4!5*' ("/'
*0*"#)(44A'3(F*' 4!5*'.6$#-' 4!0!"@;' ,<-*'%6)4'#-(#' !%'(4#6@*#-*$'&6)$(@*6)%' ("/'@$*(#' !%'
3($F*/' (=60*' (44' =A' #.6' &-($(&#*$!%#!&%;' 6"*' 65' #-*%*' !%' !"/!55*$*"&*'#6' 6)#.($/'
&!$&)3%#("&*%1111<-*' %*&6"/' &-($(&#*$!%#!&' !%' #-(#+'.-*"' #-*' %6)4' !%' /!%&!>4!"*/' !"'#-*'
: C 8
! E&#(+%+'>!623C2171F73,! (52!123C2372!: 9 7
! R".B/!"#01.).623! :42!
3C4!
.(A' (=60*' 3*"#!6"*/+' 6"*' %-6)4/' /6'/**/%'"6#' 6"4A' @$*(#' ("/' !"' #-*' -!@-*%#' /*@$**'
)%*5)4+'=)#'*Q#$*3*4A'($/)6)%' ("/'4(=6$!6)%'("/'5$()@-#'.!#-' /("@*$'=6#-'#6'4!5*'("/'#6'
3("A' #-!"@%' #-(#' 3(F*' 4!5*' .6$#-' 4!0!"@,! (D=='' 81J91OOK1' P*' >$(!%*/' #-*' 7#6!&'
)"/*$%#("/!"@' 65' &6)$(@*+' *%>*&!(44A' &6)$(@*' #-(#' .(%' >$63>#*/' =A' !#%' $*%>6"%*' #6'
/("@*$'("/' 56$'#-*'&()%*'65'C)%#!&*;' ,<-*'7#6!&%+' #-*$*56$*+'&6$$*A'/*5!"*'&6)$(@*' (%'
E#-(#' 0!$#)*'.-!&-' &-(3>!6"%' #-*' &()%*'65'$!@-#1E' 2&&6$/!"@4A+' "6' 6"*' -(%' (##(!"*/' #6'
#$)*' @46$A' .-6' -(%' @(!"*/' (' $*>)#(#!6"' 56$' &6)$(@*' =A' #$*(&-*$A' ("/' &)""!"@?'56$'
"6#-!"@'#-(#'4(&F%'C)%#!&*'&("'=*'36$(44A'$!@-#,!(D=='' 818X1OJK1'
b!&*$6' !"!O5%.'' J18L1:[' *4(=6$(#*/' 6"'#-*'/*5!"!#!6"'65'0!$#)*'.!#-' %>*&!(4'*3>-(%!%'6"'
64$89$3%%N!
G#' !%')"!0*$%(44A'(@$**/' #-*"+'"6#'3*$*4A'=A' #-*' 4*($"*/' =)#'=A'#-*')"4*($"*/' (%'
.*44+' #-(#' !#'!%'&-($(&#*$!%#!&' 65'3*"'.-6'($*'=$(0*+' -!@-I%>!$!#*/+'*"/)$!"@+'("/'
%)>*$!6$' #6'-)3("' 0!&!%%!#)/*%' #6'%)55*$'>(!"'.!#-' >(#!*"&*11112"/' A*#+'>*$-(>%+'
#-6)@-'(44'$!@-#I3!"/*/'%#(#*%'($*'&(44*/'0!$#)*+'#-*'#*$3'!%'"6#'(>>$6>$!(#*' #6'(44'
0!$#)*%+' =)#' (44'-(0*' @6#' #-*' "(3*' 5$63' #-*' %!"@4*' 0!$#)*'.-!&-' .(%' 56)"/'#6'
6)#%-!"*' #-*' $*%#+' 56$' !#' !%' 5$63' #-*' .6$/' 56$' ,3(",' #-(#' #-*' .6$/' 0!$#)*' !%'
/*$!0*/! (4113884&4! 3%&!3$96! 3B!+9*#! +9*&5%@>' =)#'3("E%'>*&)4!($'0!$#)*'!%' 56$#!#)/*'
(+9*9! 45&36! 1*#1*94! 64B963! 3%&! =#*&9&5;3@/' 65' .-!&-' #-*$*' ($*' #.6' 3(!"'
5)"&#!6"%+'"(3*4A'%&6$"'65'/*(#-'("/'%&6$"'65'>(!"1'<-*%*'#-*"'.*'3)%#' *Q*$&!%*'
! 5' .*'.!%-'#6'>$60*'>6%%*%%6$%'65'0!$#)*+'6$'$(#-*$+' %!"&*' #-*'.6$/' 56$',0!$#)*,'!%'
=6$$6.*/' 5$63'#-*' .6$/' 56$',3("+,' ! 5'.*'.!%-' #6'=*'3*"! (P&3$;56! 3%&! 979&5*!
?9%/! %9! +9*&5&9%! .#61#&3%! +38! 1#&95%! %9! +9*9! +#8565%! 3%%3/! :5#$946! 4! +9*9%! +9*&5%!
$#63$! 3%&! 65&54&4@'!
e("4A'=$(0*$A'("/'*"/)$("&*'6&&)>!*/'0*$A'>$63!"*"#'>4(&*%'!"'#-*'%6&!(4'*#-6%'65'#-*'
f63("%+' =*&()%*'#-*%*'.*$*' -!@-4A' $*@($/*/' (%' #-*'0*$A'V)(4!#!*%'.-!&-' *"(=4*/' #-*3'
#6'&6"V)*$' >4(&*%' ("/' =)!4/' #-*!$'*3>!$*1'G"'#-!%'>($#!&)4($'&6"#*Q#+' #-*' 6"*' .6$/' #-*A'
-(/' !"'3!"/' .6)4/' 36%#' >$6=(=4A'=*! +9*&5%' N('.6$/' &6@"(#*' .!#-! +9*/' ,3(",' (%' %**"'
(=60*K1! Q9*&5%' .(%' #-*$*56$*' (' >($#!&)4($4A! 64$8-' V)(4!#A' !"' #-*' 5(&*' 65' *Q#$*3*'
%)55*$!"@+'("/' >(!"' .(%' (' 4!#3)%'#*%#' 65! 64%.589$9&-'' G#' !%' #-*$*56$*' V)!#*' "(#)$(4' #-(#'
@$*(#'f63("'#-!"F*$%'%)&-'(%'b!&*$6'("/'7*"*&('$*>*(#*/4A' )%*/' #-*'(/C*&#!0*! R#64$8-!
(65893<*9&3*@' (%'#-*'>*C6$(#!0*'#*$3'#6'&-($(&#*$!Y*' ('3("E%'5(!4)$*'#6'*"/)$*'>(!"1'
3C8!
m%!"@' #-*' ("(46@A' 65' #-*' (#-4*#*%' !"' 5!*$&*' &63>*#!#!6"+' 7*"*&(' !"! 01'' ML18M' 3(/*'
%>*&!(4'$*5*$*"&*' #6'0!$#)*'("/'3("4!"*%%;' ,S-(#'=46.%'/6'(#-4*#*%'$*&*!0*'6"'#-*!$'5(&*%'
("/'(44'60*$'#-*!$'=6/!*%1'c*0*$#-*4*%%+' #-$6)@-'#-*!$'/*%!$*'56$'5(3*'#-*A'*"/)$*'*0*$A'
#6$#)$*+'("/'#-*A')"/*$@6' #-*%*'#-!"@%'"6#'6"4A'=*&()%*'#-*A'($*' 5!@-#!"@'=)#'!"'6$/*$' #6'
=*'(=4*' #6'5!@-#1'<-*!$'0*$A'#$(!"!"@'3*("%'#6$#)$*1'76'4*#')%'(4%6'.!"'#-*'.(A'#6'0!$A'
!"'(44'6)$'%#$)@@4*%+' 56$'#-*'$*.($/'!%'"6#'('@($4("/'6$'('>(43'6$'('#$)3>*#*$'.-6'&(44%'56$'
%!4*"&*' (#'#-*'>$6&4(3(#!6"'65'6)$'"(3*%+'=)#'$(#-*$' 0!$#)*+'%#*(/5(%#"*%%'65'%6)4+'("/'('
>*(&*' #-(#' !%' .6"' 56$' (44' #!3*+' !5' 56$#)"*' -(%' 6"&*' =**"' )##*$4A' 0("V)!%-*/' !"' ("A'
&63=(#1'_6)'%(A+' E G' 5**4'%*0*$*'>(!"1E'S-(#'#-*"?'($*' A6)'$*4!*0*/'5$63'5**4!"@'!#+'! 5'A6)'
*"/)$*'!#'4!F*'('.63("!(%9!98956! 65893<*9&3*! &583*9%@O!
G"! O5%.'' :1J:1H[' b!&*$6' (##*3>#*/' (' /*5!"!#!6"' 65' =$(0*$A! (=#*&9&5;#' n' (07>*4(K;'
,U$(0*$A' !%+' -*' hb-$A%!>>)%i' %(A%+' #-*' F"6.4*/@*' 65' *"/)$!"@' 0!&!%%!#)/*%' 6$' ('
/!%>6%!#!6"'65'%6)4' !"'%)55*$!"@'("/'*"/)$!"@+'6=*/!*"#' #6'#-*'%)>$*3*'4(.'65'6)$'=*!"@'
.!#-6)#' 5*($! (S#*&9&5;#! 3%&/! 9$:59&/! %.93$&94! *3*56! 13*13*3$;4*56! +38! 4;=3.&9#! 4$969! 9$!
14&93$;#! 4.!13*=3*3$;#! %56643! 8379!14*3$%! %9$3! &96#*3'@'A' ,7)>$*3*'4(.,'-*$*'&6)4/'
=*' $*5*$$!"@'#6'#-*' 4(.'65'"(#)$*' 6$'65'D6/1' P6.*0*$+' !#'.(%' >*$-(>%'36$*' 4!F*4A' #-(#'
b!&*$6' -(/' !"'3!"/' #-*' ,$*(%6",' #-(#' .(%' =*4!*0*/' #6' =*' !"'3("E%' !""*$' =*!"@+' (%' -!%'
"*Q#'%#(#*3*"#'!"!O5%.'' J1J91:MI:L' %**3*/'#6'!"/!&(#*;'
S-*"' #-*"' .*' ($*' /!$*&#*/' #6' =*' 3(%#*$' 65' 6)$%*40*%+' #-*' 3*("!"@' 65' #-*'
/!$*&#!6"' !%'#-(#'$*(%6"'%-6)4/'=*' ('&)$=')>6"'$*&F4*%%"*%%1111G#' !%'3("E%'/)#A'#6'
*"(=4*'$*(%6"'#6'-(0*'$)4*'60*$'#-(#'>($#'65'#-*'%6)4'.-!&-'6)@-#'#6'6=*A1'P6.'!%'
!#' #6'=*' /6"*T'_6)'.!4 4' %(A1' W0*"' (%' #-*'3(%#*$'60*$' #-*' %4(0*+' 6$' #-*' @*"*$(4'
60*$'#-*' %64/!*$+'6$' #-*'>($*"#' 60*$'#-*' %6"1' G 5'#-*'>($#' 65'#-*' %6)4+'.-!&-' G'-(0*'
/*%&$!=*/' (%' A!*4/!"@+' &6"/)&#%' !#%*45' /!%@$(&*5)44A+'! 5'!#'@!0*'.(A' !"'.63("!%-'
5(%-!6"' #6' 4(3*"#(#!6"' ("/' .**>!"@! (%9! %3! 8463$&9%! 65893<*9&3*! 84.*969%:53!
;3;3&@/' 4*#' !#'=*' 5*##*$*/' ("/' #!@-#4A' =6)"/' =A' #-*' @)($/!("%-!>' 65' 5$!*"/%'("/'
$*4(#!6"%?'56$'65#*"'.*' 5!"/'3*"'&$)%-*/' =A'('%*"%*'65'%-(3*'(#'=*!"@' 60*$&63*'
.!#-6)#' ("A' $*(%6"1' 7)&-' >*$%6"%' #-*$*56$*' .*' %-(44' -(0*' (436%#' #6' F**>' !"'
&-(!"%' ("/' @)($/' &46%*4A' 4!F*' %4(0*%+' .-!4%#' #-6%*' .-6' %-(44' =*' 56)"/' 36$*'
%#*(/5(%#+'#-6)@-'"6#'65'#-*'-!@-*%#' %#$*"@#-+'.*'%-(44'-(0*'#6'.($"'#6'=*'3!"/5)4'
65'-6"6)$+' 4!F*'@66/'%64/!*$%'$*&(44*/'#6'/)#A1'
397!
B6$'b!&*$6+' "6' !"%)4#' #6' ('>*$%6"E%! 64$8-' *@6' &6)4/' =*' @$*(#*$' #-("' =*!"@'#()"#!"@4A'
/*%&$!=*/' (%',.63("!%-,+'("'(/C*&#!0*')%*/'=A'b!&*$6'!"'#-*'>$*0!6)%' %#(#*3*"#'(%'.*44'
(%' !"'#-*' 56446.!"@'6"*' !"!O5%.'' J1J[1HH;' ,U)#'#-*'>$!"&!>(4'>$*&()#!6"' #6'=*'6=%*$0*/'!"'
#-*' 3(##*$' 65' >(!"' !%' #6' /6' "6#-!"@' !"' (' /*%>6"/*"#+' &6.($/4A+' %46#-5)4+' %*$0!4*' 6$'
.63("!%-' %>!$!#! ($3! :59;! 4<93.&3/! $3! :59;! &969;3/! $3! :59;! 97$4+3/! $3! :59;! %3*+989&3*!
65893<*9&3*+3! =4.9465%@'A' G#'!%'.6$#-'"6#!"@'#-(#' 56$'b!&*$6'=*!"@!R#64$9%?' .(%'&46%*4A'
>($(44*4'#6'=*!"@! %84+9%?'!
B6$'b!&*$6' (%' .*44' (%' #-*' &633!##*/' 7#6!&%+' #$)*' 3("4!"*%%' ("/' 6#-*$' &46%*4A' $*4(#*/'
0!$#)*%' 6$' V)(4!#!*%' .*$*' *%%*"#!(44A' 3*"#(4' ("/' "6#' >-A%!&(41'<-*!$'3(!"' &6"&*$"' .(%'
.!#-' !""*$'%#$*"@#-' ("/' 56$#!#)/*'("/'"6#'>-A%!&(4'>6.*$1'U)#'#-*'3!"/'$*V)!$*/'(' @$*(#'
/*(4' 65' (4*$#"*%%' ("/' $*(/!"*%%1' <-!%' 3*("#' %#$!&#' /!%&!>4!"*' ("/' &6"%#("#' *Q*$&!%*+'
.!#-6)#'.-!&-'&6)$(@*+' 3("4!"*%%' *#&1+' .*$*'C)%#'*3>#A'#(4F1'<6'#-*'7#6!&%+')4#!3(#*4A' !#'
.(%' #-*'-)3("' 3!"/' 6$'$*(%6"'.-!&-'.(%' !"'#)"*'.!#-' #-*' 4(.'65'c(#)$*'6$'D6/'6$'#-*'
/!0!"*! T#7#%' #-(#' 3(/*' *0*$A#-!"@' >6%%!=4*' I' &6)$(@*+' 3("4!"*%%+' 0!$#)*+'.!%/63+'
@66/"*%%+'=*()#A+' ("/'-(>>!"*%%;',P(>>!"*%%' /*>*"/%'6"'.-(#' !%'*"#!$*4A'('3("E%'6."'
/6!"@+'#-*'6>*$(#!6"'65'-!%'3!"/;' ! 5'-*'C)/@*%' &6$$*A'("/'-64/%' %#*(/5(%#4A' #6'#$)#-'-*'
.!44' =*'('>*$5*&#'=*!"@+'.-63'3!%56$#)"*'3(A'%#$!F*'=)#'.!44' "*0*$' -($31'<-*'.!%*'3("'
.!44' =*'36$*' $!@-#4A' &(44*/' (' F!"@1111244' #-!"@%' .!44' $!@-#4A' =*' &(44*/'-!%+' 56$'-*' (46"*'
F"6.%'-6.' #6')%*' #-*3?' $!@-#4A' #66' .!44' -*' =*' &(44*/'=*()#!5)4+'56$'#-*' 5*(#)$*%'65'#-*'
3!"/' ($*' 36$*' =*()#!5)4'#-("' #-6%*' 65' #-*' =6/A+' $!@-#4A' #-*' 6"4A' 5$**'3("+' %!"&*' -*'
6=*A%'"6'3(%#*$'("/' !%' #-*' %*$0("#' 65'"6'@$**/+' $!@-#4A' !"0!"&!=4*+' 56$'#-6)@-'-!%'=6/A'
3(A'=*'=6)"/+'"6'5*##*$%'&("'=*'>)#'6"'-!%'3!"/111'1G5' !#'!%'#$)*'#-(#'"6"*'=)#'#-*'.!%*'($*'
@66/' ("/' (44'#-*' @66/' ($*' =4*%%*/+' !%' ("A#-!"@'36$*' #6' =*' %#)/!*/' #-("' >-!46%6>-A'6$'
("A#-!"@'36$*'/!0!"*'#-("'0!$#)*T,!(S9$'' [1JJ1MHIMOK'
391!
:2:!$?%!+<'%!-+"#(!S">+!T"<+?U!"5!#S#+)+#".!).=!&<)#>%!
G"' &4(%%!&(4' D$*&6If63("' #-!"F!"@+' #-*' @$*(#' 0(4)*' 65' #-*' %)55*$!"@'("/' -($/%-!>'
*"/)$*/'=A'#-*'0!$#)6)%'.(%'"6#'&6"5!"*/'#6'#-*!$'6."'>*$%6"(4' 4!5*1'WV)(44A' !3>6$#("#'
.(%' #-*' &6336"' =*4!*5' #-(#' #-*A' &6)4/' =*' !"%>!$!"@' *Q*3>4($%' 56$' 6#-*$%1' D$*(#'
>*/(@6@!&(4'0(4)*'.(%'#-)%'(##(&-*/'#6'#-*!$'*Q(3>4*%'N7*"*&(+!)*#+'' :1L+' 88K1'
B6$' b!&*$6+' !#' .(%' #-*' 3("E%' /!%>4(A' 65' 0!$#)*' !"' %!#)(#!6"%' 65' *Q#$*3*' /("@*$' ("/'
/!55!&)4#A' #-(#' /*%*$0*/' #-*' @$*(#*%#' >$(!%*;' ,#-*' @$*(#*$' #-*' /!55!&)4#A+' #-*' @$*(#*$' #-*'
@46$A,! (U3;! :5#! ;9==9.9895%/! ?#.! 1*43.84*95%@! (D=='' 818X1O:K1' b!&*$6' =*4!*0*/' #-(#' #-*'
@46$A' #-(#'"6.'=*46"@*/' #6'#-*'6"*'.-6'-(/'3(/*' !#'.(%'>*$&*!0*/'4($@*4A'!"'#*$3%'65'
=$(0*$A+' "6=!4!#A+' ("/' 3(%&)4!"!#A;' ,S*' 3)%#' $*(4!Y*111#-(#' (&-!*0*3*"#' !%' 36%#'
@46$!6)%' !"'#-*' *A*%'65'#-*'.6$4/' .-!&-' !%'.6"'.!#-' (' %>!$!#' @$*(#+' *Q(4#*/+' ("/' #6' #-*'
0!&!%%!#)/*%'65'*($#-4A'4!5*1'2"/'%6+'.-*"'.*'.!%-'#6'-)$4'('#()"#+'#-*'0*$A'5!$%#'#6'$!%*'#6'
6)$' 4!>%' !%1111' EB6$' A*+'A6)"@'3*"+' %-6.' ('.63("!%-'%6)4+'A6"'3(!/*"' ('3("E%?E' ("/'
#-!%;' E<-6)' %6"' 65'7(43(&!%+' .!"'%>6!4%' #-(#' &6%#' "6' %.*(#' "6$' =466/1E' S-*"+'6"' #-*'
6#-*$'-("/+'.*'.!%-'#6'>(A'('&63>4!3*"#+'.*'%63*-6.'6$'6#-*$'>$(!%*' !"'36$*'*46V)*"#'
%#$(!"'#-*'=$(0*'("/'"6=4*'.6$F'65'%63*'@$*(#'%6)4,!(D=='' 818L1O8K1'
G"' b!&*$6E%! E3! D*4&#*3' J1[:OI:M+' #-6%*' .-6' 3("(@*/' #6' 60*$&63*' (/0*$%!#A' ("/'
3!%56$#)"*'!"'36%#'/!55!&)4#'%!#)(#!6"%'.!#-'.!%/63+'=$(0*$A+'("/'/!@"!#A'%-6)4/'/*%*$0*'
,#-*'36%#'.*4&63*'>$(!%*,;'
U)#'#-*'36%#'.*4&63*'>$(!%*' !%'#-(#'=*%#6.*/'6"'/**/%'#-(#'(>>*($'#6'-(0*'=**"'
>*$56$3*/'=A' =$(0*'3*"! (+9*9%! =#*&9<5%@' .!#-6)#' >$65!#' 6$' $*.($/?'.-!4*' #-6%*'
#-(#' (4%6' !"0640*' #6!4' ("/' >*$%6"(4' /("@*$! (.56! 84<#*3! 4.! 13*9.58#! 91%#*56@!
%)>>4A'0*$A'5*$#!4*'#6>!&%'56$'>("*@A$!&+'=*&()%*'#-*A'(/3!#'65'=*!"@'"($$(#*/'!"'
('36%#'*46V)*"#' %#A4*'("/'65'6=#(!"!"@'#-*'$*(/!*%#' $*&*>#!6"'5$63'#-*' ()/!*"&*?'
56$'!#'!%'0!$#)*'#-(#'!%'>$65!#(=4*'#6'6#-*$%+' ("/'*!#-*$'#6!4%63*'6$'/("@*$6)%' 6$'(#'
(44' *0*"#%' "6#' >$65!#(=4*'#6' !#%' >6%%*%%6$+' #-(#' !%' /**3*/' #6' 3($F' (' 3("'65'
6)#%#("/!"@'3*$!#!(1*43%&4$&9%! +9*9@! ''24%6'!#'!%'&)%#63($!4A'$*&6@"!Y*/'(%'('@$*(#'
("/' (/3!$(=4*' /!%#!"&#!6"' #6' -(0*' =6$"*' (/0*$%!#A' .!%*4A+' "6#' #6' -(0*' =**"'
393!
!"#$%&'( )*( +,$-."/01&2(#1'( 1./( /.( %#3&( 4.$/( ',51,/*! "#$%&$'(')*+( ,1( #( ',--,!04/(
$,/0#/,.16(
7&1&!#(&89.01'&'( %,$( ,'&#(.-(/%&( :%.1.0"#)4&( #1'( 54.",.0$:(,1(#(+.$/( &4.;0&1/( +#11&"(
,1! ,-.( <=6>?@>=A( :B&"&('&#/%( ,$2( ,1( -#!/2(1./( 54.",.0$C()0/( #()"#3&( '&#/%( ,$( 54.",.0$6666D(
!4#$$,-*( #$( E,1',--&"&1/2E( @( /%#/( ,$2(1&,/%&"( 5..'(1."( &3,4 2( @( $,!F1&$$2( 9#,12(9.3&"/*2( &8,4&2(
'&#/%6( G.1&( .-(/%&$&( /%,15$( ,$( ,1/",1$,!#44*( 54.",.0$C()0/( 1./%,15(!#1( )&( 54.",.0$( #9#"/(
- ".+( /%&+6( H."( , /( ,$( 1./( 9.3&"/*( /%#/( I&( 9"#,$&2( ,/( ,$( /%&( +#1( I%.+( 9.3&"/*( !#11./(
%0+)4&( ."()&1'6(G."(,$( ,/(&8,4&(/%#/(I&(9"#,$&2( ,/(,$(/%&(+#1(I%.(I,/%'"#I$(,1/.(&8,4&(,1(
/%&( $9,",/( ,1(I%,!%( %&( I.04'( %#3&( $&1/( #1./%&"( ,1/.( &8,4&6( D/(,$(1./( 9#,1(/%#/(I&(9"#,$&2( ,/(
,$( /%&( +#1( I%.+( 9#,1(%#$( 1./( !.&"!&'6( J1&( 9"#,$&$( 1./( '&#/%2( )0/( /%&(+#1( I%.$&( $.04(
'&#/%( /#F&$( #I#*( )&-."&( , /( !#1( !.1-.01'(,/6(K 4 4(/%&$&( /%,15$( #"&( ,1( /%&+$&43&$( 1&,/%&"(
%.1.0"#)4&(1."(54.",.0$C()0/(#1*(.1&( .-(/%&+(/%#/( 3,"/0&(%#$( 3,$,/&'( #1'( /.0!%&'( ,$(+#'&(
%.1.0"#)4&( #1'(54.",.0$()*( 3,"/0&C( /%&*(+&"&4*(4,&(,1()&/I&&12( #1'( /%&('&!,$,3&(;0&$/,.1(
,$( .14*(I%&/%&"(I,!F&'1&$$( ."(3,"/0&(%#$( 4#,'( %.4'(09.1(/%&+6:(
L%&( ,'&#( .-(M.'( $&1',15( #( 5..'( &8#+94&( -."(/%&( 4&#"1&"( /.( ,+,/#/&(I#$( #4$.( 9"&$&1/( ,1(
N9,!/&/0$( O6==6PQ@PRA( :K1'(%.I( ,/(,$(9.$$,)4&( -."(#(+#1(I%.(%#$( 1./%,152(I%.(,$(1#F&'2(
I,/%.0/( %.+&( ."( %&#"/%2( ,1( $;0#4."2( I,/%.0/( #( $4#3&2( I,/%.0/( #( !,/*2( /.( 4,3&( $&"&1&4*S(
T&%.4'2( M.'(%#$( $&1/(*.0(/%&(+#1(I%.(I , 4 4( $%.I( ,1(9"#!/,!&( /%#/( ,/(,$(9.$$,)4&6( EU..F( #/(
+&2E( %&( $#*$2( E D(#+(I,/%.0/( #(%.+&6666V&/( I%#/('.( D(4#!FS( K+(D(1./( -"&&(- ".+(9#,1(#1'(
-&#"2( #+( D(1./( -"&&S( 666W%.2( I%&1( %&( 4#*$( %,$( &*&$(09.1(+&2( '.&$( -&&4( /%#/( %&( ,$( $&&,15(
%,$( F,15( #1'(%,$(+#$/&"SE:(D1(N9,!/&/0$E( ,'*(#(/"0&(9%,4.$.9%&"()&!#+&(M.'@4,F&(,1(/%&(
&1'A( :J -( $0!%( !%#"#!/&"( I , 4 4( D( $%.I( +*$&4-( /.( *.0( @( -# , /%-04 2( "&3&"&1/2( 1.)4&2(
019&"/0")&'666.1&( I%.( ',&$( 4,F&( #( 5.'2( I%.( )&#"$( ',$&#$&( 4,F&( #( 5.'6( L%,$( ,$( I%#/( D(
%#3&C( /%,$( ,$(I%#/( D( !#1( '.C()0/( #44(&4$&( D(1&,/%&"( %#3&( 1."( !#1( '.6( D( I , 4 4( $%.I( *.0( /%&(
$,1&I$( .-(#(9%,4.$.9%&"(X3&09#( XYZ,K6.#[!\Z.0Z:(X=6<6=]@=RZ6(
!"#$
%&'(K$()*+,-$./012)345326$2-)$75..58)51$2359+2+/1$
D1( /%&( Y&I,$%( /"#',/,.12( #(+.$/( 4,F&4*( !.01/&"9#"/( /.( 7/.,!,$+(.1( /%&( 3,"/0&$( .-( !.0"#5&(
#1'(&1'0"#1!&( I.04'( 9".)#)4*()&( /%&(+.3,15( &8#+94&( .-(/%&(B#!!#)( +#"/*"$( ,1(/%&(
-#!&( .-( &8/"&+&( $0--&",156(K$( $0!%2( ,/(+,5%/( )&( %&49-04( /.(+#F&( #( )",&-( "&-&"&1!&( /.( , /(
)&-."&( &8#+,1,15( /%&( !#$&( .-( ^#04( .1( /%&( +#//&"6( T"&1/( 7%#I( /%,1F$( /%#/( ,/( I#$( /%&(
,1/&1/,.1( .-( /%&( #0/%."( .-( H.0"/%(B#!!#)&&$( /.( $%.I( /%#/2( )*( 0$,15( /%&( 9.I&"( .-( /%&(
%0+#1( $9,",/( #1'( +,1'( /.( !.1/".4( /%&( ).'*2( .1&( !.04'( )&( #( :+#$/&"( .-( .1&$&4-(
X#0/.<:;<</2/=>?( 01'&"( #'3&"$&( !,"!0+$/#1!&$6[Q>( L%,$( I#$( +.$/( &3,'&1/( ,1( /%&( #0/%."E$(
"&!.01/,152( ,1( 5"#9%,!( '&/#,4$2( .-( /%&( &8/"&+&( $0--&",15(/%&( B#!!#)( +#"/*"$( I&1/(
/%".05%6( L%&*(I&"&( N4&#_#"2( /%&( $&3&1( *.015(+&1( #1'( -,1#44*2( /%&,"(+./%&"6( L%&(+."#4(
.-( /%&( #0/%."( I#$( #)01'#1/4*( !4&#"A( /%&( +#"/*"$( &+&"5&'( 3,!/.",.0$( ,1( /%&,"(
!.1-".1/#/,.1(I,/%( /%&( /*"#11*(.-(/%&,"(.99"&$$."2( )&!#0$&( /%&*( 9.I&"-044*( $%.I&'( /%#/(
/%&( /."/0"&'( ).'*2( 01'&"( /%&( !.1/".4( .-( /%&( $9,",/( #1'( +,1'2( I#$( #)4&( /.( &1'0"&( #1'(
-,1#44*( .3&"!.+&( #44( /%&( %."",)4&( /."/0"&$( ,1-4,!/&'( 09.1( ,/ 6( L%&( 3,!/,+$E( 3,!/."*(
&3&1/0#44*(&#"1&'( /%&+(#(1.)4&("&90/#/,.1(#$(I."/%*(+#"/*"$(.-(/%&(1#/,.16(
L%&( #0/%."( .-( H.0"/%( B#!!#)&&$( $0++&'( 09( /%&( 3,"/0&( .-( &1'0"#1!&( .-( /%&( Y&I,$%(
+#"/*"$( ,1( >]6>>@>[A( :L"04*( ',3,1&(I#$( /%&( !.1/&$/( ,1(I%,!%( /%&*(I&"&(&15#5&'6( J1(/%#/(
'#*( 3,"/0&( I#$( /%&( 0+9,"&( #1'( /%&( /&$/( /.(I%,!%( /%&*( I&"&(90/( I#$( #( /&$/( .-( &1'0"#1!&6(
L%&(9",_&(-."(3,!/."*( I#$( ,1!.""09/,.1( ,1(4.15@4#$/,15(4 ,-&6(L%&( -,"$/( /.(&1/&"( /%&( !.1/&$/(
I#$( N4&#_#"2( )0/( /%&( +./%&"( .-( /%&( $&3&1( $.1$(!.+9&/&'( #4$.2( #1'( /%&( )"./%&"$( #$( I&44(
/..F( 9#"/6( L%&( /*"#1/( I#$( /%&( #'3&"$#"*( #1'( /%&( I."4'( #1'( /%&( 4,-&( . -( +&1( I&"&( /%&(
$9&!/#/."$6( ^,&/*(I.1(/%&( 3,!/."*( #1'(!".I1&'(%&"( .I1( !.1/&$/#1/$6:(
[Q>(
% " !
$ @19)3,/1$A2351,&?B$CD$75..58)),CB$ !&"%!E%#&$
F3)12$G&$H-5*B$CF/9IJK/*)3JL9)12+2I6$K5,,+/1,$/M$2-)$7532I3,CB!"#$%$ D$ANOO%?B$!%OE#N!B$ 52$!''&$
!"D$
`&"*( +0!%( 4,F&( /%&( 7/.,!$2( #1'( 9&"%#9$( +."&( $.2( /%&( B#!!#)$( #4$.( /..F( M.'E$(
$.3&"&,51/*( #1'( ',3,1&( #$$,$/#1!&( $&",.0$4*6( a.I&3&"2( #4$.( 4,F&( /%&( 7/.,!$2( &8!&9/(
$.+&I%#/( 4&$$(&894,!,/( #1'(9".1.01!&'2(/%&(-.!0$(.-(/%&(B#!!#)$( ,1(/%&,"! /)-01*($23!
I#$( .1( /%&! 45*(&( ;0#4,/,&$( ."( 3,"/0&$( I%,!%( &1#)4&'( /%&+( /.( .3&"!.+&( &8/"&+&(
#'3&"$,/*( #1'( &+&"5&( #$( 3,!/."$6( H."( /%&( #'+,",15( 90)4,!( ."( "&#'&"$2( /%&( #//&1/,.1(I#$(
#4$.( 4#"5&4*(.1(/%&! 45*(&( &--."/$(#1'(3,"/0&$(.-(/%&,"($#5&$(."(+#"/*"$2($.( /%#/( ,1(/%&(&1'(
,/( I#$( )./%( :9"#,$&( )&( /.(+#1( .1( &#"/%:( #1'( :54."*( )&( /.(M.'(.1( %,5%:6( W%#/&3&"( /%&(
!#$&(+#*()&2( .1&( $0$9&!/$(/%#/(-."( #04E$( b.",1/%,#1$2(/%&( ,1/&"&$/(!.04'( I&44( )&(+."&(,1(
:9"#,$&( )&( /.(+#1(.1(&#"/%:("#/%&"( /%#1( ,1(:54."*( )&( /.(M.'(.1(%,5%:6(L%,$(/%&$,$( I , 4 4( /"*(
/.( $%.I( /%#/( /%,$( I.04'( !&"/#,14*(1./( )&( ^#04E$( I#*( .-( /%,1F,156( D/(I#$( #4I#*$( ',3,1&(
5"#!&( #1'( 54."*( /%#/( /%&( #9.$/4&( $.05%/6(B."&.3&"2(^#04( I#$( &3&"( !.1$!,.0$( .-(%,$(.I1(
,'&1/,/*(#$( /%&(Q.Jc.dC(.-(b%",$/6(K$($0!%2(%&( $.05%/(1.1&(.-(%,$(.I1(54."*6(
L%&(M"&!.@e.+#1( #$( I&44( #$( /%&(B#!!#)( /"#',/,.1$(.1(&1'0"#1!&( #4$.( $&&+( /.( %#3&(
)&&1( "&-4&!/&'(,1( /%&( /%,1F,15( .-(/%&( &#"4*( !%0"!%( -#/%&"$6( D1(%,$( 4&//&"2( D51#/,0$2(),$%.9(
.-( K1/,.!%2( %#'( #4$.( #$$.!,#/&'( +#"/*"'.+(I,/%( /%&( 3,"/0&( .-( &1'0"#1!&6( 7,+,4#"4*2(
L&"/044,#1( #4$.()&4,&3&'( /%#/!-('$)&'$(( ."( &1'0"#1!&( I#$( +.$/( ,+9."/#1/(/.( /%&( +,1'( #$(
I&44( #$( /%&().'*2(/.(/%&(&8/&1/(/%#/( ,/(3,"/0#44*( )&!#+&( /%&( 4."'( #1'(+#$/&"( .-(.1&E$( +,1'(
#1'( ).'* 6 [ Q P( W%&1( /%,$( %#99&1&'2( #( 9&"$.1( I.04'( )&( I&44( 9"&9#"&'( -."( #44( /%&(
#'3&"$,/,&$( ,1( 4 , -& 2( ,1!40',15( :I%,9$2( -,"&2( /%&( !".$$2( I, 4'( )&#$/$( #1'( 6 6 6( /%&($I."':6 [ Q Q(
b.1$&;0&1/4*2( /%&(+#"/*"$(I&"&("&5#"'&'( #$( :#/%4&/&$( .-(9,&/*:( X&0#&-Y&/#,C! 60789:9;<+=+( #1'(
,/(I#$( /%&,"(:3#4.0"2(+#14,1&$$( #1'(!.0"#5&( X',E79&,#,CZ:(I%,!%(I.1(/%&+(/%&,"()#//4&$6[ Q [(
LP152+0,B!#&'($ #&N&$
H-5*B$ CF/9ICB$!OQ&$
<)320RR+51B!)*+($ N#&Q&$
S0,)8+0,B!,-.+(! #//0($ "&N&N&$H-5*B$CF/9ICB$#T'&$
!""$
%&Q$U/1.R0,+/1$
79&!,#4( "&-&"&1!&( %#$( )&&1( +#'&( /.( 7/.,!,$+( ,1( /%,$( 9#"/( .-( /%&( /%&$,$( #$( #1( &$$&1/,#4(
)#!F5".01'( $/0'*( ,1(9"&9#"#/,.1( -."( #1( ,1;0,"*( ,1/.( ^#04E$( 01'&"$/#1',15( .-( %#"'$%,9(
)#$&'( 4#"5&4*(.1( >(b."6(P6<@>O( #1'( =(b."6( >>6=O@OO6(H."( /%&(90"9.$&$(.-(/%,$(/%&$,$2( ,/(,$(
.)3,.0$4*( .-( 4,//4&( 0$&( #$( I&44( #$( ,+9.$$,)4&( /.( 4..F( #/( 7/.,!,$+( ,1( 3&"*( )".#'( #1'(
5&1&"#4( /&"+$6( K//&1/,.1( %#$( /%&"&-."&( )&&1( 5,3&1( .14*( /.( $&3&"#4( ,$$0&$( I%,!%( #"&(
#$$0+&'( /.()&( !%#"#!/&",$/,!( .-(/%&( 7/.,!( $!%..4( #1'( "&4&3#1/( /.( /%&( #9.$/4&E$! -)>$?'(?$?!
!#/#4.50&C( ,$$0&$( $0!%( #$( /%&( 7/.,!( 3,&I( .1( 3,"/0&2( 5..'2( #1'( &3,4 2( %0+#1( %#"'$%,9( #$( #(
',3,1&( 5,-/ 2( $&3&"&( $0--&",15(#$( #( +.$/( I&4!.+&( .99."/01,/*( /.( '&+.1$/"#/&( #( +#1E$(
5"&#/( !.0"#5&( #1'( &1'0"#1!&2( I%,!%( I&"&( "&5#"'&'( #$( /%&( +.$/( .)3,.0$( /"#,/$( .-(
+#$!04,1,/*6( U#$/( )0/( 1./( 4&#$/( I#$( /%&( 7/.,!( #//,/0'&( /.I#"'$( '&#/%( #1'( $0,!,'&6( L%&(
9&'#5.5,!#4( 3#40&$( I%,!%( /%&( 7/.,!$E( #//#!%&'( /.( /%&( 5"&#/( &8#+94&$( $&/( )*( /%&( /"04*(
3,"/0.0$(+#1(I&"&( #4$.(!4&#"4*(1./&'6(
L%&( $/0'*( .1( 3,"/0&2( 5..'2( #1'( &3,4( %#$( ;0,/&( !4&#"4*( $%.I1( /%#/( -."( /%&( 7/.,!$( /%&$&(
!.1!&9/$( I&"&( .14*( ,+9."/#1/( #1'( +,15-04! *1>(@@A3( #1'( f0'5&+&1/( .1( /%&+(
'&9&1'&'( 4#"5&4*( , -( 1./( &1/,"&4*( .1( /%&( %0+#1( "&#$.1( ."( +,1'6( L%,15$( &8/&"1#42(
,1!40',15( %#"'$%,9( #1'( 9%*$,!#4(9#,12( &3&1( '&#/%( ,/$&4-2( I&"&( +#//&"$( . -(:,1',--&"&1!&:(
/.( 7/.,!$6( K$( $0!%2( /%&$&( :,1',--&"&1/:( +#//&"$( I&"&( 1./( I,/%,1( /%&( 7/.,!$E! *1>(@!
!.1!&"1$6( K4/%.05%( /%&( 7/.,!$E( #//,/0'&( /.I#"'( %#"'$%,9( I#$( ,1',!#/,3&(.-( /%&,"! *1>(@!
!%#"#!/&"( #$( I&44( #$( )&,15( "&4&3#1/( /.( /%&( ,$$0&$( .-( 3,"/0&( #1'( I,$'.+2(%#"'$%,9( ,/$&4-(
I#$! &1'( #(+."#4( ,$$0&6( L%&( 7/.,!$( I&"&( /%&"&-."&(/%.05%/( /.()&( +&+)&"$( .-(#(!4#$$(I%.(
I&"&( #)4&( /.( /"#1$!&1'( /%,15$2( ,1!40',15( %#"'$%,92( 9#,12(&3&1( '&#/%( ,/$&4-C( /%,15$( I%,!%(
I&"&( 5&1&"#44*( /%&( '&&9( !.1!&"1$( .-( ./%&"( 9&.94&6( D/( "&+#,1$( /.( )&( $&&1( I%&"&( ^#04(
",*( )&4.15&'6( D/(5.&$(I,/%.0/( $#*,15( /%#/( /%&( 7/.,!$E( )&4,&-( ,1(%#"'$%,9( #$( #( M.'@$&1/(
!"%$
5,- /( /.( /%&( :I."/%*:( #$( #( /&$/( .-(/%&,"!*1>(@( !%#"#!/&"( 1#/0"#44*(4,5%/&1&'(/%&,"()0"'&1(,1(
/%&( -#!&( .-( $&3&"&( %#"'$%,96( W%,4&( $0,!,'&( I#$( 1./( /"&#/&'( 4,5%/4*( )*( /%&( 7/.,!$2( /%&"&(
I#$( /%&( 5&1&"#4( 01'&"$/#1',15( /%#/( ,/(I#$( 4#"5&4*(#(+#//&"( .-( %0+#1( f0'5&+&1/( #/( /%&(
',!/#/&( .-( #(+#1E$( "&#$.1( #$( I&44( #$( )&,15( $&1$,/,3&( /.( /%&( ',3,1&( :!#44:6( K4/%.05%( /%&(
7/.,!(3,&I( .-(!.0"#5&( I#$( &$$&1/,#44*( !.1$,$/&1/( I,/%( /%&( 5&1&"#4( M"&!.@e.+#1(9.$,/,.1(
.1( /%&( +#//&"2( ,/$! *1>(@( .3&"/.1&( %#$( /.( )&( &$9&!,#44*( 1./&'6( J1( /%&( +#//&"( .-(
+#$!04,1,/*2( /%&( 7/.,!( &+9%#$,$( I#$( #4$.( !4&#"4*(.1(+#1E$! *1>(@( -."/,/0'&(#1'! *)&'(@!
$/#+,1#( "#/%&"( /%#1( .1(%,$( .0/I#"'(-&#/0"&$( #1'(9%*$,!#4($/"&15/%6(L%&(5"&#/( ,+9."/#1!&(
/%#/( /%&( 7/.,!$( #//#!%&'( /.(9&'#5.5,!#4( 3#40&$( .-(+."#4(3,"/0&( .)/#,1&'()*( /%&( 5..'( #1'(
I,$&( I#$( &$$&1/,#4( /.( /%&( !."&( /&#!%,15( .-( 7/.,!,$+6(L%,$( !.1!&"1( )&!#+&( /%&( +."&(
,+9."/#1/( I%&1( /%&( 3,"/0.0$(I#$( $&",.0$4*( "&5#"'&'( #$( #(M.'@$&1/( :I,/1&$$:6( D/( I, 4 4( )&(
,1/&"&$/,15(/.($&&( , -( #04E$( 3,&I(.1( /%&(+#//&"(I&"&( ,1(#1*(I#*(!.+9#"#)4&( /.(/%&( 7/.,!E$6(
D/( ,$( 9#"/,!04#"4*(I."/%( 1./,15(/%#/2( )*( ,1/".'0!,15(/%&( 01,;0&( ,'&#( .-( /%&( :,1',--&"&1/:(
X'Q,#XfZ.9#Z( /%&( 7/.,!$( %#'( +."&( ."( 4&$$( "&@'&-,1&'( :5..':( #1'( :&3, 4:( )./%(
9%,4.$.9%,!#44*( #1'( +."#44*6( D/( "&+#,1$( /.( )&( $&&1( , -(^#04( %#'( #4$.( $0)$!",)&'( /.( $0!%(
,'&#$( ,1( %,$( #//,/0'&( /.I#"'$( %#"'$%,9( #1'( $0--&",152( ."( , -(/%&( #9.$/4&( 4..F&'( #/( /%.$&(
,$$0&$(;0,/&(',--&"&1/4*6(W%#/&3&"( /%&(!#$&(+,5%/()&2( /%&(7/.,!( ,'&#(I#$( !4&#"4*(;0,/&(.0/(
.-( /%&( ."',1#"*2(#$( -#"(#$( /%&(!.++.1(9&.94&(I&"&(!.1!&"1&'2( 9&.94&( I%.(!.04'(1./(#1'(
I.04'( 1./( 4..F( #/(/%.$&(%#"$%( ",/,&$(.-(4 , -&( ,1($0!%( #('&/#!%&'( ."( :,1',--&"&1/:(+#11&"(
#1'( "&+#,1(:$/.,!#4:(#).0/( /%&+6(
M&1&"#44*( $9&#F,152( /%&(7/.,!(#//,/0'&(/.I#"'(%#"'$%,9(I#$()#$,!#44*!-1?$'$/)( -."("&#$.1$(
I%,!%( %#3&( )&&1( 5,3&1(,1(/%,$($/0'*6(L%,$(,$2(%.I&3&"2(.14*( .1&( $,'&( .-(/%&( !.,16( L%&"&(
,$! '4)! 1'4)>! ?$#)! 1B!'4)! 21$&( I%,!%( %#$( *&/(/.()&( 4..F&'(#/( ,1(/%,$(/%&$,$6(L%,$(./%&"( $,'&(
I , 4 4( %.9&-044*("&3( /%&( $,51,-,!#1/(-#!/(/%#/(/%&"&(I#$( #4$.( #(/"#',/,.1( ,1(/%&(M"&!.@
!"'$
e.+#1($.!,&/*(I%,!%( 3,&I&'(%#"'$%,92(&$9&!,#44*( ,/$(9%*$,!#4(#$9&!/$2(I,/%( !.1/&+9/(
#1'($0$9,!,.12("&5#"',15(, /(#$(9&"$.1#44*(#1'($.!,#44*(%0+,4,#/,15( #1'('&5"#',152( #1'(
/%0$(01I."/%*(.-(/"0&(+#14,1&$$6( D/(I#$(9".)#)4*(- ".+(/%,$!&)%('$/)( 9&"$9&!/,3&( /%#/(
^#04E$(b.",1/%,#1(!",/,!$(%#'(f0'5&'(/%&(#9.$/4&E$(%#"'$%,96(B."&.3&"2(,/(I#$( #4$.(
9".)#)4*( - ".+(#($,+,4#"4*! &)%('$/)( 9.$,/,.1(/%#/(^#04(%#'(9"&$&1/&'( %,$$<3)4+525/V>$
,1( ."'&"( /.(I,/1&$$( /.(/%&(9.I&"(.-(M.'(,1(%,$('&5"#'#/,.1( #1'(%0+,4,#/,.12( ,1(#( /*9,!#44*(
-(>(#1C$2(@( -#$%,.16(L%,$( I, 4 4( )&( /%&( "&+#,1,15(/#$F( .-( /%,$( 9#"/( .-(/%&( /%&$,$( Xb%#9/&"(
]Z()&-."&(&+)#"F,15(.1(#1(&8&5&$,$(.-( >(b."6(P6<@>O(#1'(=(b."6( >>6=O@OO(Xb%#9/&"(<Z6(
!"Q$
U-542)3$ H)W)16$ H0MM)3+1P$ 519$ -539,-+4$ 5,$ ,+P1,$ /M$ ,-5X)$
519$9)P35952+/16$2-)$/2-)3$,+9)$/M$2-)$./+1$
'&N$ L123/90.2+/1$
L%&( 9.$$,)4&( )#!F5".01'( .-( ^#04( I,/%( "&-&"&1!&( /.$ <<)4+;<550>( %#$( )&&1( #( +#//&"( .-(
!.1$,'&"#)4&( ,1/&"&$/( /.(G&I(L&$/#+&1/( $!%.4#"$2( &$9&!,#44*( ,1("&4#/,.1(/.( /%&(b.",1/%,#1(
!.""&$9.1'&1!&6( T04/+#11( %#$( #//",)0/&'(^#04E$(4,$/$(/.(/%&( 7/.,!( /"#',/,.1( I%,4&( 7!%"#5&(
"&5#"'$( /%&+( #$( Y&I,$%( #9.!#4*9/,!6( L%&$&( /I.( 9.$,/,.1$( #"&( /%.05%/( /.( )&(
"&9"&$&1/#/,3&( .-(:/%&( /I.(+.$/(I,'&$9"&#'( $!%.4#"4*(.9,1,.1$(.1( /%&( 9".3&1#1!&( .-(/%&(
4,$/$:6( a.I&3&"2(e6(a.'5$.1( #"50&$( /%#/( ^#04E$( ',3&"$&( )#!F5".01'( I#$( 1./(!.1-,1&'(
/.( 7/.,!( 9%,4.$.9%*(."( Y&I,$%( #9.!#4*9/,!( .14*2( #1'( %.4'$( /%#/( :^#04E$( 4,$/$( $/&+( -".+(#(
I,'&$9"&#'( 4,/&"#"*(!.13&1/,.1( .-( /%&( -,"$/( !&1/0"*( I%,!%( $&"3&'( #( a&444&1,$/,!(Y&I,$%(
%,$/."*( I",/&"( 4,F&( Y.$&9%0$2( /%&( 9%#",$#,!( Y0'#,$+( .-( /%&( B,$%1#%2( #1'( /%&( ,1!,9,&1/(
M1.$/,!,$+( /%#/( #99&#"$( -044@)4.I1( ,1( /%&( G#5( a#++#',( 4 ,) "# "* 6 : [ Q <( J1&( '.&$( 1./(
1&!&$$#",4*( %#3&( /.( #5"&&( I,/%( a.'5$.1( /.( $,+94*( 1./&( /%#/( /%&( )#!F5".01'( .-( ^#04(
!.04'( I&44( )&( +."&( !.+94&8( /%#1( /%&( "&$9&!/,3&( 3,&I$( .-(T04/+#11( #1'( 7!%"#5&6( T0/(
a.'5$.1E$( I."4'( ,$(.)3,.0$4*(-#"(/..(),5(-."(/%&(9"&$&1/( /%&$,$( /.( %#1'4&2( I%,!%( ,$(I%*(
/%&( 9"&3,.0$( !%#9/&"( %#$( .14*( +#'&( #( $9&!,#4( "&-&"&1!&( /.( /%&( 7/.,!( /"#',/,.1( #$( #( +.$/(
,+9."/#1/( )#!F5".01'( $/0'*( .1( /%&! -)>$?'(?$?( !#/#4.50&$( ,1( "&4#/,.1( /.( ^#04E$(
#0/.),.5"#9%,!#4(1./&$(!.1!&"1,15(%,$(.I1($0--&",15(#1'( %#"'$%,96(
L%,$( !%#9/&"( I , 4 4( )&5,1( I,/%( #("&3,&I(.-(H,/_5&"#4'E$( /%&$,$2( I%,!%( 1./(.14*( !.1-,"+$(/%&(
9.$,/,3&( 0$&( .-( /%&! -)>$?'(?$?( !#/#4.50&$( ,1( /%&( M"&!.@e.+#1( /"#',/,.12( )0/( #4$.( #$$&"/$(
/%#/( ^#04( %#'( ,1(-#!/(-.44.I&'( /%#/( /"#',/,.1( 3&"*(!4.$&4*6(K$()./%( /%&( 7/.,!( /"#',/,.1( #1'(
% " '
$ Y&$Z/9P,/1B$ CK50R$2-)$@4/,2R)$519$[+3,2$U)1203I$<3+80R52+/1$\+,2,CB$]@^'D$ANOQ#?B$"OEQTB$ 52$%T&$% " Q
$ Z/9P,/1BCK50RCB$%OB$%T&$
!"O$
H,/_5&"#4'E$( /%&$,$( #"&( .14*( !.1!&"1&'( I,/%( /%&( 9.$,/,3&(0$&( .-(/%&!-)>$?'(?$?( !#/#4.50&$2(
,/( I.04'( )&( 1&!&$$#"*(/.( 4..F( #/(:/%&( ./%&"( $,'&( .-(/%&( !.,1:2( I%,!%( I , 4 4( /"*(/.( $%.I( /%#/(
/%&( $0--&",15( #1'( %#"'$%,9( ,1( /%&! -)>$?'(?$?( !#/#4.50&$( !.04'( #4$.( )&( 9&"!&,3&'(
&)%('$/)@A( #$( $,51$( .-($%#+&(#1'('&5"#'#/,.16( L%&(&8&5&$,$(.-(^#04E$(),.5"#9%,!#4(1./&$(
.1( /%&( $0)f&!/( Xb%#9/&"( N,5%/Z(I , 4 4( /"*(/.('&+.1$/"#/&( /%#/( ,/(I#$( /%&! &)%('$/)( #$9&!/(.-(
/%&!-)>$?'(?$?( !#/#4.50&$( /%#/( ^#04( %#'( ,1(+,1'( I%&1( %&( 4,$/&'(/%&+( .0/( ,1(%,$! (-1@1%$(!
#$( /%&( #9.$/4&( .-(b%",$/6( ^#04E$( #99".#!%( I.04'( #4$.( )&( !.1$,$/&1/( I, /%( %,$( $&&+,154*(
),_#""&( '&!,$,.1( :/.(F1.I(1./%,15666&8!&9/(Y&$0$(b%",$/2(#1'( %,+(!"0!,-,&':(X>(b."6(=6=Z(
#1'( %,$( '&4,)&"#/&( "&-0$#4( /.( 0$&( :&4.;0&1/( I,$'.+:( X>6>]Z( ."( :94#0$,)4&( I."'$( .-(
I,$'.+:( X=6PZ( ,1( %,$( 9".!4#+#/,.16( D1( #44( /%&$&( ^#04E$( .3&"#44( ,1/&1/,.1( "&+#,1&'(
!.1$,$/&1/( #1'(!4&#"2( 1#+&4*2(/%&( ,13&"$,.1(.-(/%&(!0""&1/( $.!,#4( &/%.$6(
'&!$@$ 3)W+)*$ /M$[+2_P)35R9C,$ 2-),+,$
H,/_5&"#4'( )&4,&3&$( %,$( $/0'*( .-( !4#$$,!#4( 4,/&"#/0"&( %#$( $%.I1( /%#/( /%&( M"&!.@e.+#1(
$#5&(5&1&"#44*( 0$&'( /%&! -)>$?'(?$?$ A+<)4\;<5/+.?( !#/#4.50&$(9.$,/,3&4*(/.( '&+.1$/"#/&( /%&(
)&$/( .-( %0+#1( 3,"/0&$6( L%&( $#5&E$( #),4,/*( /.( &1'0"&( &8/"&+&( %#"'$%,9$( I#$( $.( %,5%4*(
"&5#"'&'( ,1( /%&( M"&!.@e.+#1( $.!,&/*( /%#/( N9,!/&/0$( #!/0#44*(3,&I&'$ <<)4+.3.5.Z.>(#$( :/%&(
/&$/(.-(/%&( 9%,4.$.9%&":( X=6>R6=PC(O6>?6>>Z(#1'(.-(/"0&(+#$!04,1,/*6(
L%&( 9".9#5#1',$/,!( #1'( 9&'#5.5,!#4( 90"9.$&$( .-( /%&( 0$&( .-( /%&! -)>$?'(?$?( !#/#4.50&$(,1(
/%&( !4#$$,!#4( /"#',/,.1( %#3&( #4$.( )&&1( !4&#"4*( 1./&'( )*( H,/_5&"#4'6(W%#/( ,$( &3&1( +."&(
,+9."/#1/2( #$( -#"(#$( /%,$(/%&$,$( ,$(!.1!&"1&'2( ,$(H,/_5&"#4'E$( 3,&I( /%#/( ,/(I#$( -."(/%&! ?(*)!
"&#$.1( /%#/( ^#04( %#'( 4,$/&'( /%&! -)>$?'(?$?( !#/#4.50&$( ,1( =( b.",1/%,#1$6 [ Q R( H,/_5&"#4'(
-0"/%&"( !.1f&!/0"&$( /%#/( ^#04( ,1(=( b.",1/%,#1$( I#$( /%0$( -"&;0&1/4*('&9,!/,15(%,+$&4-( ,1(
% " O
$ [+2_P)35R9B!$1*/2.3$ DD&$
!%T$
/&"+$( .-( /%&( /*9,!#44*( :,'( 9%,4.$.9%&":( .-( /%&( M"&!.@e.+#1( /"#',/,.1( #1'( /%&(
-)>$?'(?$?( !#/#4.50&$(I&"&( 0$&'( )*(%,+(#$( :#1( ,1/&5"#4(9#"/(.-(/%,$! D)@E?'#(>?')@@5&%F.( D1(
/%&( &1'2( /%&! -)>$?'(?$?( !#/#4.50&$( $&"3&'( /%&( $#+&( 4,/&"#"*( -01!/,.1( -."( ^#046( ^#04E$(
90"9.$&( ,1( /%&( 0$&( .-( /%&! -)>$?'(?$?( !#/#4.50&$( I#$( /.( $%.I( /%#/( %&( I#$( 1./( '",3&1( /.(
'&$9#,"( ,1( /%&( -#!&( .-( $0--&",15(#1'( $&3&"&( %#"'$%,96( g0,/&( /.( /%&( !.1/"#"*2( H,/_5&"#4'(
%.4'$( /%#/( :/%&( &+9%#$,$( -#44$( .1( ^#04E$( $09&",.",/*( /.( $0--&",15(#1'( %,$( /",0+9%( .3&"(
BB%%T$
H,/_5&"#4'( %#$( ,'&1/,-,&'(^#04E$! FG)>$?'(?)&H('(@1%)F( ."!F-)>$?'(?$?! 2('(@1%5)?F3( 1./(
.14*( ,1(/%&(b.",1/%,#1(!.""&$9.1'&1!&( ,1(>(b."6(P6R@>OC( =(b."6(P6<@RC([6P@>?C( >>6=O@=<C(
>=6>?2()0/(#4$.( ,1(e.+6(<6OQ@ORC( ^%,46(P6>>@>=C(=(L,+6( O6>>6(a&()&4,&3&$( /%#/( :/%,$(
'&$,51#/,.1( $/&+$(- ".+(/%&(I,'&$9"&#'( "&!.51,/,.1(/%#/(^#04E$( 4,$/$(#"&( $,+,4#"(/.(4,$/$(.-(
E!,"!0+$/#1!&$E! "-)>$?'(?)$?+( -.01'(,1(10+&".0$( #1!,&1/( '.!0+&1/$6:[[ >( H,/_5&"#4'(#4$.(
%.4'$( /%#/( :T04/+#112(+."&( /%#1( #1*.1&( &4$&2(,$("&$9.1$,)4&( -."(/%&( #994,!#/,.1(.-(/%&(
/&"+! G)>$?'(?)&H('(@1%)( /.(^#04E$( 4,$/$(.-(',--,!04/,&$(#1'(-."(/%&( 01'&"$/#1',15( .-( /%&(
!#/#4.50&$(/%#/( ,$(!0""&1/( ,1(+#1*( $!%.4#"4*(!,"!4&$6:( H,/_5&"#4'(5&1&"#44*($0)$!",)&$(
/.(T04/+#11E$(9.$,/,.1(#1'($/"&$$&$(/%&( $,+,4#",/*( ,1(/%&(0$&( .-(/%&(!#/#4.50&$()*( /%&(
,'($#5&(#1'(/%&( #9.$/4&( ^#046(
H,/_5&"#4'( %#$( #( 0$&-04( $0"3&*( .-(/%&( /&"+! 45+&-67*6-/3( )&5,11,15( - ".+( /%&( - , - / %( !&1/0"*(
TbN6( D1( ,/$( $0)$&;0&1/( '&3&4.9+&1/( /%&( /&"+( &$$&1/,#44*( +/( :#( !#/#4.50&( .-(
!,"!0+$/#1!&$2:( -."( &,/%&"( :5..':( ."( :)#':( ."( )./%6( a.I&3&"2( ,/( I#$( :#'3&"$&(
!,"!0+$/#1!&2:( :', - - ,!04 /* 2:(."( :%#"'$%,9:( /%#/( /%&( /&"+(+."&( !.++.14*('&$,51#/&'2( #$(
[+2_P)35R9B!$1*/2.3$ !TD&$
[+2_P)35R9B!$1*/2.3$ N&$
[+2_P)35R9B!$1*/2.3$ '&$
[+2_P)35R9B!$1*/2.3$ N!E#&$
I#$( /%&( !#$&( ,1(^#04E$( 0$&( ,1(/%&( b.",1/%,#1(!.""&$9.1'&1!&6( L%&( -.4 4.I,15(-,1',15$(
.-(H,/_5&"#4'(#"&( 9#"/,!04#"4*(I."/%(1./,15A(
G)>$?'(?$?( !#/#4.50&$( -"&;0&1/4*( $&"3&( #$( "%&/.",!#4( #1'( 4,/&"#"*( -.,4$( -."( /%&(
'&9,!/,.1( .-( 3#",.0$( #$9&!/$( . -( /%&( I,$&( +#1E$( &8,$/&1!&( #1'( !%#"#!/&"666/%&*(
$&"3&( /.( '&9,!/( $0!%( !%#"#!/&",$/,!$( #$( >Z( /%&( $#5&E$( $&"&1,/*( '&$9,/&( /%&( ',"&$/(
!#4#+,/,&$( .-( 4 , -& 2( =Z( %,$( 3,"/0&2( &$9&!,#44*( %,$( !.0"#5&2( OZ( %,$( &1'0"#1!&( .-( /%&(
5"&#/&$/( #1'( +.$/( '&+#1',15( %#"'$%,9$2( PZ( %,$( 9&"$&3&"#1!&( ,1( '.,15( 1.)4&(
'&&'$( '&$9,/&( /%&( '#15&"$( ,13.43&'( #1'( %,$( "&-0$#42(#/( #1*( !.$/2( /.( '&9#"/( - ".+(
I%#/(f0$/,!&( ',!/#/&$2( QZ( %,$( !.1/&+9/( -."(H."/01&2( [Z( %,$( 3,!/."*( .3&"( #'3&"$,/*2(
]Z( %,$! (?H)?$?( #1'( /%&( ".4&( , /( 94#*$( ,1( %,$( 3,!/."*2( <Z( %,$( ,13,1!,),4,/*( #1'(
,13041&"#),4,/*( #$( #(9&"$.12( RZ( %,$( 9&"-&!/( "#/,.1#4,/*2( >?Z( %,$( '&+.0"( #1'( %,$(
"&$9.1$&( /.( %,$( #'3&"$#",&$2( >>Z( %,$( !.1$&1/( /.( /%&( %#"'$%,9$( .-( %,$( 4 , -&( #1'( /%&(
3.4,/,.1#4( !%#"#!/&"( .-( %,$( $0--&",152(#1'( >=Z( %,$( !.1-."+,/*(/.( /%&( I , 4 4( .-(M.'(
#1'( /%&( 94#!&( .-( %,$( $0--&",15(I,/%,1( /%&( ',3,1&(94#16( D1( $%."/2( /%&( !#/#4.50&$(
'&9,!/( #1'( !&4&)"#/&( /%&( 5"&#/1&$$( .-( %,$( ,13,1!,)4&( 3,"/0&2( /%&( 9.I&"( #1'(
/"#1;0,44,/*(. -(%,$(9%,4.$.9%,!#44*(,1-."+&'( + ,1' 6 [ [ Q(
D/( "&+#,1$( /.()&( $&&1( , - 2(#1'( /.(I%#/( &8/&1/2( ^#04E$( 0$&( .-(/%&( !#/#4.50&$(I#$( $,+,4#"(/.(
/%#/(.-(/%&( ,'($#5&6(
H".+( /%&(M"&!.@e.+#1( /"#',/,.1( H,/_5&"#4'(%#$( $,154&'(.0/!G4()#1( []N( @[<T(I%&"&( /%&(
$#15-".,'(#//,/0'&(.-(7.!"#/&$E( !.1-".1/#/,.1(I,/%( '&#/%( I#$( !.++.14*()&4,&3&'( /.()&( #(
5"&#/( "&3&4#/,.1( #).0/( /%&( /"0&( 9%,4.$.9%&"6( L%,$( I#$( #4$.( /"0&( .-(K",$/./4&E$(:3,"/0.0$(
+#1:(I%.(:&1'0"&$("&9&#/&'( #1'($&3&"&(+,$-."/01&(I,/%( 9#/,&1!&:! ",'4.! &$2.( >6>?6>>Z( #$(
I&44( #$( b,!&".E$( :1.( .1&( !#1( )&(f0$/( I%.( -&#"$( '&#/%( ."( 9#,1( ."( &8,4&(."( 9.3&"/*:! " I B B .!
=6>>6O<Z6(N9,!/&/0$( %&4'()#$,!#44*(/%&( $#+&(3,&I( ,1(=6>R6=P( #1'( P6>6>=]6[ [ [(
H,/_5&"#4'E$( $/0'*( $%.I$( /%#/( /%&( I,$&( +#1E$( %#"'$%,9( I#$( .-/&1( #//",)0/&'( /.( /I.(
$.0"!&$A( H."/01&( #1'( M.'6(W%#/&3&"( /%&( !#$&(+,5%/()&2! '4)! J$@@( .-( /%&( I,$&( +#1( I#$(
'&!,$,3&( ,1(%,$( "&$9.1$&( /.( /%&( #'3&"$&( !,"!0+$/#1!&$6( H."( /%&( #1!,&1/( 9%,4.$.9%&"( 4,F&(
7.!"#/&$2( "&$9.1$&( /.( %#"'$%,9( ,13.43&'( 1./( .14*( /%&( "#/,.1#4(',$9.$,/,.1( .-( /%&( 9&"$.1(
[+2_P)35R9B!$1*/2.3$ !T#&$
[+2_P)35R9B!$1*/2.3$ NN"&$
[+2_P)35R9B!$1*/2.3$ %TE"&$
)0/( #4$.( %,$( 3.401/#"*( #//,/0'&6( L%&( 1./,.1( .-( /%&( :'&#/%( I,$%:( .-( 7.!"#/&$( X^4#/.E$(
G4()#1( [=bC( [PKZ( %#'( #1( #),',15( ,1-40&1!&( ,1( /%&( M"&!.@e.+#1( /"#',/,.16( 7&1&!#(
$/"&$$&'( /%#/( /%&( 3,"/0.0$(+#1( :I&4!.+&$! "(*-@)C('5>+( /%#/( I%,!%( #44(./%&"( +&1( "&5#"'(
I,/%( -&#":! ",-.( ]>6=<Z6(J1(g0,1/,4,#1(H,/_5&"#4'(!.++&1/$A( :%,$( #//,/0'&(/.I#"'(H."/01&(
#1'( %&"( %#"'$%,9$( ,$( /%0$( .1&2( 1./( .-( -&#"2( )0/( .-( 0//&"( !.1/&+9/6( H&#"( ,$( $&"3,4&2( )0/(
!.1/&+9/( ,$( /%&( #//,/0'&(.-(#($09&",."( /.( #1( ,1-&",."( Xg0,1/6!K&?'.( >=6<6>PZ2(#1'( /%&($#5&E$(
',$'#,1( -."(H."/01&( ,$( #($,51(/%#/( %&( -&&4$( %,+$&4-( $09&",."( /.(%&"( #1'(I%#/( $%&( ,$( #)4&( /.(
, 1 - 4 , ! / 6 : [ [ <(
H,/_5&"#4'( 1./,!&$( #( $,51,-,!#1/( ',--&"&1!&( ,1( /%&( M"&!.@e.+#1( /"#',/,.1( )&/I&&1(
:H."/01&:( #1'( :M.':( ,1( "&4#/,.1( /.( #'3&"$,/*( ."( %#"'$%,96( W%,4&( :H."/01&:( I#$( .-/&1(
/%.05%/( /.( )&( I."F,15( #5#,1$/( +#1( #1'( I#$( /%0$( /%&( #0/%."( .-(&3,4 2( $#5&$(#1'( +."#4,$/$(
/&1'&'( /.( "&5#"'( ."( I&4!.+&( #'3&"$,/*( #$( #( :5 , - / :( - ".+( M.'6( H,/_5&"#4'( &4#)."#/&$A( :#(
4.-/*(!.1!&9/,.1( .-('&,/*(#$( I&44( #$( #("&-0$#4(/.(!#44( %#"'$%,9$( :&3,4$:(.9&1&'( /%&(I#*(,1(
7/.,!( !,"!4&$( -."(/%&( /"&#/+&1/( .-(%#"'$%,9( #$( #()&1&-#!/,.1()&$/.I&'( .0/( .-(/%&( ',3,1&E$(
4.3&( -."(%0+#1,/*6(D1(/%,$( /"#',/,.12(I%,!%( %#$( #(!4&#"(^4#/.1,!()#$,$! "L)?-.( O]Rb@O<?bZ2(
M.'( ,$( 1./( /%&( #0/%."( .-( &3,42( )0/( .-( #'3&"$,/*2( #1'( %#"'$%,9$( #"&( 9#"/( .-( /%&( ',3,1&E$(
'&$,51$( -."( /%&( $#5&6:[[R( K$( $0!%2( 7&1&!#( )&4,&3&'( /%#/( /%&( I,$&( #1'( 3,"/0.0$( $%.04'(
/%#1F-044*(I&4!.+&( ,/(#$( #(',3,1&(-#3.0"!MG>1/.( P6Q6]@<Z6(
M.'E$( /&$/,15( .-( /%&( 5..'( #1'( I,$&( +&1( /%".05%( %#"'$%,9$( I#$( 1./( .14*( -."(/%&,"(.I1(
$#F&2( /%&*( I&"&( #4$.( &89&!/&'( /.()&( 5..'( &8#+94&$( -."(./%&"$( /.( -.4 4.I( X^".36( P6<2( >>Z6(
B."&.3&"2( /%&( -#!/( /%#/( 5..'( #1'( I,$&( +&1( #4$.( &89&",&1!&'( :&3,4$:( I%,4&( &3,4( +&1(
[+2_P)35R9B!$1*/2.3$ 'T&$
[+2_P)35R9B!$1*/2.3$ 'D&$
[+2_P)35R9B!$1*/2.3$ '%&$
&1f.*&'( :5..'$:( #1'( )4&$$,15$( #4$.( $&"3&'( #$( 9#"/( .-( /%&( ',3,1&( 94#1( /.( ;0&$/,.1( /%&(
!.++.1( 1./,.1(#).0/( :5..':(#1'( :&3 , 4 :! "G>1/.( Q 6=Z 6 [ ] ?(
H."( )./%( 7&1&!#( #1'( N9,!/&/0$( %#"'$%,9( $%.04'( ,1( 1.( I#*( )&( "&5#"'&'( #$( #( $,51( .-(
',3,1&( %.$/,4,/*( /.I#"'$( #( 5..'( +#1( ."( #$( #1( ,1',!#/,.1(.-( M.'E$( 1&54,5&1!&( .-(%,+6(
g0,/&( .1( /%&( !.1/"#"*2( ,/($%.04'( )&( 01'&"$/..'( #$( :M.'E$( "&!.51,/,.1(.-(#1(,1',3,'0#4E$(
I."/%( hGL7 6( >6=R6P]i6:[]>(
H,/_5&"#4'( !,/&$( /%&( I."F$( .-( c&1.9%.1! "N%)?$@(5?( [6=Z2( ^4,1*! "O('5>(@$?! 4$?>1>$(!
]6=<6>?=@?PZ2( #1'( ./%&"$( /.( %,5%4,5%/( /%&( 5"&#/( 3#40&( .-( %#"'$%,9( ,1( !4#$$,!#4( /"#',/,.12(
&$9&!,#44*( ,1( /%&( '&+.1$/"#/,.1( #1'( !04/,3#/,.1( .-( '379&/#A( :L%&( ,'( 9%,4.$.9%&"( ."(
$#5&(9.$$&$$&$( #44( /%&( 3,"/0&$2( #1'( %&( 0$&$( /%&+( #44( ,1(+&&/,15( #'3&"$,/*2( I%#/&3&"( ,/$(
$.0"!&66( 6,/( ,$(&$9&!,#44*(d83Q9'd8(/%#/( ,$(+#1,-&$/&'(,1(/%&(+,'$/(.-(%#_#"'$(#1'( %#"'$%,9$6(
N&#>)$(( +$( E!.0"#5&2E( ."2( /.( )&( +."&( 9"&!,$&2( E+#14,1&$$E6666K$( /%&( ;0,1/&$$&1/,#4(
3,"/0&2( !.0"#5&( ,$( '&&+&'( I."/%*( .-( %.1.0"( #1'( 5,3&$( ",$&( /.( $&4-@"&4,#1!&2(!.1-,'&1/(
).4'1&$$2( 9",'&2(#1'( ).#$/,156:(
H,/_5&"#4'( #4$.( +#F&$( #( $,51,-,!#1/("&-&"&1!&( /.( ^4#/.E$! P)! >)-5E@$2(( XOQ]K@O[=bZ2(
I%&"&( /%&( 5..'( #1'( I,$&( +#1( I#$( 9."/"#*&'2( 1./( .14*( #$( :/%&( ",5%/&.0$( $0--&"&":2()0/(
#4$.( #$( #( : -.. 4: 2( %&1!&( :/%&( -..4,$%( ",5%/&.0$( $0--&"&":6( H."( 7.!"#/&$2( /%&( $.@!#44&'(
:-..4,$%(",5%/&.0$( $0--&"&":(I#$( #!/0#44*(:/%&(f0$/(+#1:(I%.(I#$( 4.3&'()*( /%&(5.'$2( #1'(
/%#/( :#44(/%,15$( /%#/(!.+&( - ".+(/%&(5.'$(I."F( /.5&/%&"( -."(/%&()&$/( -."(%,+(/%#/( ,$('&#"(/.(
/%&( 5.'$:( X[>=N@[>OKZ6(7.!"#/&$( - , "+4*( )&4,&3&'( /%#/( ,1( +.$/( !#$&$( /%&( :f0$/( +#1:(
I.04'( &1'(%,$( 4 , -&( ,1(%.1.0"( X[>ObZ6(
% ' T
$ [+2_P)35R9B!$1*/2.3$ 'O&$% ' N
$ [+2_P)35R9B!$1*/2.3$ QN&$% ' !
$ [+2_P)35R9B!$1*/2.3$ Q'EQ&$% ' #
$ [+2_P)35R9B!$1*/2.3$ NTTEN&$
!%D$
H,/_5&"#4'(#$$&"/$(/%#/( /%&( 9&'#5.5,!#4( 90"9.$&( .-(/%&!-)>$?'(?$?( !#/#4.50&$(,1(/%&( M"&!.@
e.+#1( /"#',/,.1( #1'(^#04E$(I#$( #4$.( $,+,4#"6(B."&.3&"2()./%(/%&( !4#$$,!#4( $#5&(#1'(^#04(
#4$.( #//",)0/&'(/%&,"( "&$9&!/,3&( %#"'$%,9$( /.(M.'( X>(b."6( P6RC( =( b."6( [6RZ6( K$( $0!%2( /%&*(
#!!&9/&'( /%&,"(%#"'$%,9$( I,4 4 ,154*( #1'(f . * - 0 4 4 * 6 [ ] P(
H,/_5&"#4'E$( "&#',15( .-(^#04( ,1(=(b."6( P( ,$( !4&#"( #1'( $.01'A( : D /(,$( ,1(=(b."6( P2( %.I&3&"2(
/%#/( ^#04( 9.,1/$( /.( /%&( #99&#"#1!&( .-( ',3,1&( 9.I&"( ,1( %,$( %0+#1( -"#,4/*6( K$( #(
!.1$&;0&1!&2( /%&( !#/#4.50&( .-( %,$( %#"'$%,9$( $&"3&$( )./%( /.( $%.I( /%&( 9.I&"( .-(M.'( #/(
I."F( ,1( %,+( #1'( /.( '&+.1$/"#/&( #/( /%&( $#+&( /,+&( %,$( .I1( I&#F1&$$( X!-6( #4$.( =( b."6(
>>6O?C( >=6>?Z6(a,$($&"&1,/*( #1'(&1'0"#1!&(#"&( /%0$( /%&(I."F( .-(M.'2( #1'2( -."(/%,$("&#$.1(
%,$().#$/,15( .-(%,$( %#"'$%,9$( ,1(=(b.",1/%,#1$(,$( E).#$/,15( .-(/%&( U."' E( X>(b."6( >6O>Z6:[]Q(
H,/_5&"#4'( ,$( #4$.( 3&"*( 9&"!&9/,3&( ,1( "&!.51,_,15( /%#/( ,/( I#$( 9"&!,$&4*( ,1( ^#04E$(
01'&"$/#1',15( .-(/%&( ',3,1&(9.I&"( #1'( %,$( .I1( %0+#1( I&#F1&$$( /%#/( /%&( #9.$/4&( $/..'(
: ,1( "#',!#4( !.1/"#$/( /.( /%.$&666I%.( $#I( ,1(/%&,"( /",0+9%( /%&( '&+.1$/"#/,.1( .-(/%&,"(.I1(
9.I&"(#1'(/%0$().#$/&'( .-(/%&,"(3,!/."*( #$( /%&,"(.I1( #!%,&3&+&1/6:(
H,/_5&"#4'E$( 3&"*($,51,-,!#1/($/0'*( %#$( &3,'&1/4*(!.1-,"+&'(+0!%( .-(I%#/( %#$( )&&1( $#,'(
#).0/( /%&! -)>$?'(?$?( !#/#4.50&$( ,1( /%&( 7/.,!( /"#',/,.12( I%,!%( ,$( /%&( +#,1( -.!0$( .-( /%&(
9"&3,.0$( !%#9/&"2( #4/%.05%(%,$($/0'*( ,$(1./(.14*(!.1-,1&'(/.(/%&(7/.,!( /"#',/,.16(
H,/_5&"#4'E$( !.+9#",$.1( . -( /%&( M"&!.@e.+#1( $#5&$( I,/%( ^#04( "&5#"',15( /%&( 0$&( #1'(
-01!/,.1( .-(/%&! -)>$?'(?$?( !#/#4.50&$( #"&( +#'&( .1( #(3&"*( ,+9."/#1/(#$$0+9/,.1( /%#/( 1./(
.14*( I#$( /%&( #9.$/4&( -#+,4,#"( I,/%( /%&(M"&!.@e.+#1( /"#',/,.12( %&( I#$( 0$,15( ,/(9"&!,$&4*(
,1( /%&( +#11&"( .-( /%&( $#5&$6( a.I&3&"2( H,/_5&"#4'( #4$.( #!F1.I4&'5&$( /%#/( ,1( %,$(
b.",1/%,#1( !.""&$9.1'&1!&( ^#04( %#'( #4$.( #'#9/&'( /%&( !4#$$,!#4( /"#',/,.1$( :-."(%,$( .I1(
% ' D
$ [+2_P)35R9B!$1*/2.3$ !TD&$
% ' "
$ [+2_P)35R9B!$1*/2.3$ !T%&$% ' %
$ [+2_P)35R9B!$1*/2.3$ !T%&$
!%"$
90"9.$&$:( #1'( %,$( 0$&( .-( /%&+( I#$( :%,5%4*( !"&#/,3&:6( B."&.3&"2( H,/_5&"#4'( %#$( #4$.(
9.,1/&'( .0/( /%#/(^#04E$( !"&#/,3&( 0$&( %#'( #4$.( )&&1( :,1-."+&'()*( /%&( JL( /"#',/,.1$( #).0/(
/%&( #--4,!/&'( ",5%/&.0$( +#1( #1'( $0--&",15(9".9%&/2( #1'( ,/( ,$( /"#1$-."+&'()*( %,$( -,8#/,.1(
.1( /%&( !".$$( .-( b%",$/ 6: [ ] ](K$( -#"( #$( ^#04E$( /%&.4.5*( #1'( 9&"$9&!/,3&( I&"&( !.1!&"1&'2(
I%#/( H,/_5&"#4'(%#$( $#,'( #).0/( /%&( #99".#!%( .-(^#04( )&,15( :/"#1$-."+&'()*( %,$( -,8#/,.1(
.1( /%&(!".$$(.-(b%",$/:(,$(9#"/,!04#"4*(,+9."/#1/(#1'( "&4&3#1/6(^#04E$( -#+,4,#",/*(I,/%( /%&(
M"&!.@e.+#1( /"#',/,.1( !.1!&"1,15( /%&! -)>$?'(?$?( !#/#4.50&$( $&&+$( /.( )&( )&*.1'(
"&#$.1#)4&( '.0)/2( 5,3&1( /%&( #9.$/4&E$( )".#'( )#!F5".01'( #1'( &'0!#/,.16( a.I&3&"2( ,/(
"&+#,1$( /.( )&( $&&1( , -(^#04( %#'( ,1'&&'( 0$&'( ,/( ,1( /%&( I#*$( /%#/( %#3&( )&&1( $.( "&#',4*(
#$$0+&'( )*( H,/_5&"#4'2( 5,3&1( /%&( $,+94&( -#!/( /%#/( /%&( M"&!.@e.+#1( $#5&$( #1'( /%&(
b%",$/,#1( ^#04( I&"&( .9&"#/,15( .1( 3&"*( ',--&"&1/(9%,4.$.9%,&$2( #1'( %#'( 3&"*(',--&"&1/(
5.#4$( ,1( +,1'6( H."( /%&( $#5&$2( /%&( :04/,+#/&( !.1!&"1:( $&&+&'( /.( )&( +."&( -."( /%&(
'&+.1$/"#/,.1( .-( %0+#1( 3,"/0&$( #1'( +#14,1&$$( /%#1( /%&( &1#)4,15( 5"#!&( .-(M.'( ."( /%&(
5.'$6( b%#9/&"( N,5%/( I , 4 4( /"*( /.( $%.I( /%#/( /%&( +#,1( !.1!&"1( .-(^#04( +,5%/(I&44( )&( 3&"*(
',--&"&1/6(
L%&"&( ,$( 4,//4&( '.0)/( /%#/( #1!,&1/( $.0"!&$('.( $%.I( $0--,!,&1/4*(!4&#"4*(/%#/( M"&!.@e.+#1(
9%,4.$.9%&"$( #1'(+."#4(/&#!%&"$(.-/&1(0$&'( /%&( 1.)4&( &8#+94&( .-(/%&( :$0--&",15($#5&:(/.(
#'+.1,$%( /%&,"( -.44.I&"$(,1(+."#4( /&#!%,15( #1'( !%#"#!/&"( /"#,1,156( D/( ,$( #4$.( !4&#"( /%#/(
^#04( #4$.( "&!.51,_&'( /%&( +."#4( #1'( 9&'#5.5,!#4( 3#40&$( .-( %,$( .I1( &89&",&1!&( ,1(
$0--&",15(#1'( %#"'$%,9$2( $0!%( #$( /%&(!#$&(,1(>(b."6(P( X:)&( ,+,/#/."$(.-(+&2:(P6>[Z6( K5#,12(
I&"&( /%&( M"&!.@e.+#1( $#5&$( #1'( ^#04( ",*( /%#/( $,+,4#"(.1( /%,$( 9#"/,!04#"( 9.,1/S( H."(
.1&( /%,152( ,1( /%&( M"&!.@e.+#1( /"#',/,.12( /%&( $#5&$( I&"&( I."/%*( .-( ,+,/#/,.1( 4#"5&4*(
)&!#0$&( .-( /%&! *(&@A( 3,"/0&$( /%&*( %#'( '&+.1$/"#/&'( ,1( /%&( -#!&( .-( #'3&"$,/*6( T0/( /%&(
!#$&( .-( ^#042( I,/%( ,/$( -.!0$( .1( ',3,1&( 5"#!&( #1'( 9.I&"2( !.04'( I&44( )&( $,51,-,!#1/4*(
[+2_P)35R9B!$1*/2.3$ !T'&$
!%%$
',--&"&1/6(B."&.3&"2( /%&( +#,1( "&#$.1( I%*(^#04( !.1$,'&"&'( %,+$&4-( I."/%*(.-( ,+,/#/,.1(
I#$( )&!#0$&(%&(I#$( %,+$&4-( #1(,+,/#/."(.-(b%",$/(,1(/%&( -,"$/(94#!&( X>>6>Z6(
H,/_5&"#4'( /%,1F$(/%#/( :f0$/(#$( /%&($#5&E$( $0--&",15(94#*$( #(".4&(,1(/%&(',3,1&(94#12($.('.&$(
^#04E$6( L%&( $0--&",15(.-()./%( ,$( ,1$&9#"#)4&( - ".+( /%&( +,$$,.1( /.( I%,!%( /%&*( %#3&()&&1(
!#4 4&'6: [ ] <( K5#,12( ,$( H,/_5&"#4'('"#I,15(/..( !4.$&( #(9#"#44&4( )&/I&&1( /%&( M"&!.@e.+#1(
$#5&( #1'( ^#04( %&"&S( L%&( !4#$$,!#4( /&8/$( /%#/( %#3&( )&&1( "&-&""&'( /.( '.( ,1',!#/&( /%#/( /%&(
,'&#( .-( ',3,1&(94#1( I#$( $.+&/,+&$( 9"&$&1/( ."( #$$0+&'( ,1( /%&( $0--&",15(.-( /%&( M"&!.@
e.+#1( $#5&2( )0/( /%&( -.!0$(I#$( #4+.$/( ,1&3,/#)4*(.1( /%,15$! 45*(&3( ."( +."&( 9"&!,$&4*2(
.1( /%.$&(3,"/0&$(I%,!%( I&"&(!.1$,'&"&'( 9#"/,!04#"4*!*(&@A.( D1(/%&( &1'2(M.'2(."( /%&( 5.'$(
"&+#,1&'( ,1(/%&()#!F5".01'( "#/%&"( /%#1( #/( /%&( -."&-".1/6(T0/(I#$( /%,$(/%&(!#$&(I,/%( ^#04S(
K1'( I%,4&( /%&"&( ,$( 1.( '&1*,15( /%#/( /%&( M"&!.@e.+#1( $#5&(','(%#3&( #($&1$&(.-(+,$$,.1(
,1( &1'0",15( /%&( .''$( ,1( 4,-&2( /%&( +,$$,.1( 5.#4( I#$( 4#"5&4*( #1/%".9.!&1/",!6( N3&1( I%&1(
%,$( #1/%".9.!&1/",$+( I&1/( )&*.1'( +&"&( $&4-@,1/&"&$/( $.( #$( /.( ,1!40'&( $&"3,!&( #1'( &3&1(
$#!",-,!&( -."( 9&.94&( #1'( -."( /%&( 1#/,.12( I#$( ,/$( :04/,+#/&( !.1!&"1:( M.'E$( 54."*S( L%&(
&8&5&$,$( .-( /%&( "&4&3#1/( b.",1/%,#1(/&8/$( I , 4 4( /"*( /.( $%.I( /%#/( ^#04E$( 04/,+#/&(+,$$,.1(
5.#4( I#$( !.1$,$/&1/4*( /%&.!&1/",!( ."( b%",$/@!&1/"&'2( #4/%.05%( /%&( #9.$/4&( I#$( #4$.(
+,1'-04( .-(%0+#1( ,1/&"&$/$( #1'(1&&'$2( $.( /%#/( %&( %#'( /.(!.1-&$$(/.( /%&( b.",1/%,#1$( /%#/(
: D( #+(01'&"( '#,4*(9"&$$0"&()&!#0$&(.-(+*(#18,&/*(-."(#44(/%&(!%0"!%&$:( X=(b."6( >>6=<Z6(
K4$.( $.+&I%#/( +,$4&#',15( ,$( H,/_5&"#4'E$( !.+9#",$.1( .-( /%&( M"&!.@e.+#1( $#5&( I,/%(
^#04( ,1( "&4#/,.1( /.( 9.I&"A( :H."( )./%( ^#04( #1'( /%&( $#5&2(I%#/( &1#)4&$( /%,$( 3,!/."*( .3&"(
#'3&"$,/*( ,$( 9.I&"( h^%,46( P6>Oi6! G)>$?'(?)$?( 9".3,'&( /%&( .!!#$,.1( -."( ',$94#*,15( /%,$(
9.I&"2( #1'( I,/%( /%,$( ',$94#*( !.+&$( /%&( 3,!/."*( #1'( /%&( 3#01/,15( /%#/( 5.&$( I,/%( , / 6 : [ ] R(
L%,$( ,$(+,$4&#',15()&!#0$&(I%,4&( /%&( M"&!.@e.+#1( $#5&$(','($.+&/,+&$( #//",)0/&( /%&,"(
% ' Q
$ [+2_P)35R9B!$1*/2.3$ !TD&$% ' O
$ [+2_P)35R9B!$1*/2.3$ !T"&$
!%'$
3,!/."*( .3&"( #'3&"$,/*( /.( ',3,1&( 9.I&"( ."( #$$,$/#1!&2( /%&( ,'&#( .-! *(&@A! *)>$'( ."(
J1>'4$&)??( I#$( &,/%&"(!4&#"4*(9"&$&1/( ."( ,+94,&'( ,1(/%&(!.1/&8/6(B."&.3&"2(#1'(5&1&"#44*(
$9&#F,152( ',3,1&( #$$,$/#1!&( #1'( 9.I&"( I&"&( /%.05%/( /.()&( .14*( #3#,4#)4&( /.( /%&( :I,$&:2(
/%&( :5..':(#1'( /%&( :1.)4&:()&!#0$&(/%&*! #)?)>/)#( ,/6( D/(I#$( /%0$! *)>$')#( -#3.0"6(K5#,12(
$0!%( #(9&"!&9/,.1(I#$( ,1($/#"F(!.1/"#$/( /.(^#04E$( /%&.4.5*(.-(/%&( !".$$(I%,!%( .14*( F1&I(
5&*)>$')#( -#3.0"(#1'( 5"#!&6( K1'(,1( /%&( !#$&(.-(^#042( #$( I , 4 4( )&( $&&1( #5#,1( ,1(/%&( 1&8/(
!%#9/&"( .1(&8&5&$,$(.-(/%&( "&4&3#1/( b.",1/%,#1(/&8/$2( &3&1( , -(',3,1&( 9.I&"(I&"&( 9"&$&1/(
,1( ^#04E$( $0--&",15(#1'( %#"'$%,9$2( ,/(I#$( '&+.1$/"#/&'( ,1(#1'( /%".05%(%0+#1! J)(H&)??!
,1( #(+.$/! -(>(#1C$2(@( I#*6(D1(/%&( 4,$/,15( .-(#!-)>$?'(?$?( !#/#4.50&2( #1!,&1/( I",/&"$(I&"&(
1./( .14*(!.1!&"1&'( I,/%( /%&(9&"$.1E$( "&#!/,.1$( /.(%#"'$%,9$2( )0/( #4$.( /%&( "&$04/,15($/#/0$(
,+94,!#/,.1$6( D -(/%&( "&#!/,.1$( I&"&( !%#"#!/&",_&'( )*( &1'0"#1!&( #1'( !.0"#5&2( /%&( "&$04/(
I.04'( !4&#"4*()&! 4$%4! ?'('5?( -."(/%&( .1&( I%.(&1'0"&'6( b.13&"$&4*2( , -(/%&( 9&"$.1( $,+94*(
$0!!0+)&'( /.( %#"'$%,92( /%&( "&$04/( I.04'( .)3,.0$4*()&! @1J! ?'('5?( -."( % ,+ 6 [ < ?( T0/( I#$(
$.!,#4! ?'('5?( #4$.(^#04E$( 5"&#/( !.1!&"1S(
H,/_5&"#4'( #4$.( "&!.51,_&$( /%#/( ,1(=(b.",1/%,#1$(:/%&( !#/#4.50&( .-(%,$( h^#04E$i( %#"'$%,9$(
$&"3&$( )./%( /.( $%.I( /%&( 9.I&"( .-(M.'( #/( I."F( ,1(%,+(#1'( /.( '&+.1$/"#/&( #/( /%&( $#+&(
/,+&( %,$( .I1( I&#F1&$$( X!-6( #4$.( =( b."6( >>6O?C( >=6>?Z6: [ < >(D -($.2( .1&( $%.04'( 1./( )&( $.(
$0"&( /.( #$$&"/( /%#/( ^#04E$( 9."/"#*#4( .-( %,+$&4-( ,1( =( b.",1/%,#1$( I#$( ",*( : ,1( /&"+$(
/*9,!#44*(0$&'( /.('&$!",)&( /%&( ,'(9%,4.$.9%&":2(#$( H,/_5&"#4'(%#$( $.("&#',4*(#$$&"/&'6[<=(
70!%( #1( #$$&"/,.1( $&&+$( /.( %#3&( +#'&( ,/( ',-- ,!04 /( -."( H,/_5&"#4'( /.( !.1$,$/&1/4*(
"&!.51,_&( $.+&( .-(/%&( .)3,.0$( ',--&"&1!&$()&/I&&1( /%&( M"&!.@e.+#1( $#5&(#1'( ^#04(,1(
/%&( 0$&( .-!-)>$?'(?$?( !#/#4.50&$6( D1(%,$(&"1&$$( /.('"#I( !4.$&( !.+9#",$.1$( ."(9#"#44&4$(
)&/I&&1( /%&( /I.2( /%&( +#"F&'4*( ',--&"&1/(9%,4.$.9%,&$( ."( /%&.4.5,&$( .1( I%,!%( /%&*(
% Q T
$ H&$F&$@193)*,B$C<//$^)5`$a/2$</$\)596$<-)$[/3X$519$[01.2+/1$/M$!$U/3$NN&!#8E##b$@<H$DN$ ANOO"?B$
!%#E'%B$ 52$!'%&$% Q N
$ [+2_P)35R9B!$1*/2.3$ !T%&$% Q !
$ [+2_P)35R9B!$1*/2.3$ !T%&$
!%Q$
!"#$"%&'(")*+ ,$"!-&".+ /"%-0"+ !-&1"!+ /)2!!".+ '3+ &1"+ "3.4+ 51'#+ '#+ #,+ ."#$'&"+ 6'&78"!-).9#+
#'83':'%-3&+ ,/#"!(-&',3+ &1-&+ ;-2)+ 1-.+ 3,&+ ,3)*+ <-.,$&".<+ &1"+ %)-##'%-)+ 0,.")+ '3+1'#+ 2#"+
,:+ &1"!"#$%&'(&%&+ %-&-),82"#=+ /2&+ -)#,+ <-.-$&".<+ '&+'3+1'#+ ,>3+<%!"-&'("<+>-*+ -3.+ :,!+1'#+
,>3+$-!&'%2)-!+ $2!$,#"#4+
51"!"+ '#+?2#&+ ,3"+ 0,!"+ $,'3&+ &,+ /"+ %,3#'."!".=+ '4"4=+ 8"3"!-))*+ '&+>-#+ 3,&+ ;-2)9#! )*+,&!
*"#$(-+%+ &,+ %,0$-!"+ 1'0#"):+ >'&1+ ,&1"!#@+ <A"+ .,+ 3,&+ .-!"+ &,+ %)-##':*+ ,!+ %,0$-!"+
,2!#")("#+ >'&1+ #,0"+ ,:+ &1,#"+ >1,+ %,00"3.+ &1"0#")("#4+ B2&+ >1"3+ &1"*+ 0"-#2!"+
&1"0#")("#+ /*+,3"+ -3,&1"!=+ -3.+%,0$-!"+ &1"0#")("#+ >'&1+ ,3"+ -3,&1"!=+ &1"*+.,+3,&+ #1,>+
8,,.+ #"3#"<+ CD+ E,!4+ FG4FDH4+ 51-&+ /"'38+ &1"+ %-#"=+ '&+>-#+ !"-))*+I2"#&',3-/)"+ ' :+;-2)+ 1-.+
-3*+ '3&"3&',3+ &,! .*)"($#+ 1'0#"):+ >' &1+ &1"+ <#2::"!'38+#-8"#<+ ,:+ &1"+ J!"%,KL,0-3+
&!-.'&',3+>1"3+1"+$!"#"3&".+ &1"!"#$%&'(&%&+ %-&-),82"#+ '3+FF4DM/KDN+-3.+ ")#">1"!"4+
O#+ 6'&78"!-).9#+ :,%2#+ '#+ -)0,#&+ "P%)2#'(")*+,3+ &1"+ $,#'&'("+#'."+ ,:+&1"+ 2#"+ ,:! "#$%&'(&%&!
%-&-),82"#+ '3+&1"+%-#"+,:+/,&1+&1"+J!"%,KL,0-3+ #-8"#+-3.+;-2)=+ ' &+'#+"I2-))*+'0$,!&-3&=+
"#$"%'-))*+:,!+&1"+$2!$,#"#+,:+&1"+$!"#"3&+ &1"#'#=+ &,+ ),,Q+ -&! '/#! *'/#$! &%+#! *0! '/#! .*%-1+ '4"4=+
&,+ #1,>+ &1-&! "#$%&'(&%&+ %-&-),82"#+ %,2).+ -)#,+ /"+ $"!%"'(".+ %,3&"0$&2,2#)*=+ #,+ &1-&+ &1"*+
>"!"+ '3.'%-&'("+,:+120-3+ ."8!-.-&',3+ -3.+ '3.'83'&*+ !-&1"!+ &1-3+ 1,3,2!+ -3.+ 8),!*4+ 51'#+
>' ) )+ /"+&1"+%,3%"!3+,:+&1"+3"P&+ #"%&',3+,:+&1'#+ %1-$&"!4+
!"#$ %&'$ ()&'*$ +,-'$ (.$ )&'$ /(,01$ +2..'*,03$ 40-$ &4*-+&,5$ 4+$ +,30+$ (.$ +&46'$ 40-$
-'3*4-4),(0$
R2::'%'"3&+"P-0$)"#+ 1-("+ -)!"-.*+/""3+ 8'("3+: !,0+%)-##'%-)+J!"%,KL,0-3+ &"P&#+ '3+&1"+
7 8 #
$ 942:;+! "#$%&'(&%&$ /4)4:(32'+$ <*'5*'+'0)$ )&'$ /(0='*3'0/'$ (.$ +'='*4:$ )*4-,),(0+$ 40-$ *'.:'/)$ &,+$ (>0$
5'*+(04:$'?5'*,'0/'+$ (.$+2..'*,03$40-$-,=,0'$5(>'*"$%&'@$)4A'$2+$)($)&'$/'0)*'$(.$942:;+$20-'*+)40-,03$(.$
B(-$ 40-$ &,+$ (>0$ +':.C20-'*+)40-,03D$ @')$ 40/&(*$ &,6$ ,0$ )&'$ /2:)2*'$ 40-$ /(0='0),(0+$ (.$ &,+$ ),6'<$
EF,)G3'*4:-D$HI!J"$
H7K$
$!"(',2#+ %1-$&"!+ -#+ >"))+ -#+ '3+6'&78"!-).9#+ '3K."$&1+#&2.*+ %'&".+'3+&1"+ $!"#"3&+ %1-$&"!+ &,+
'))2#&!-&"+ 1,>+ &1"+ J!"%,KL,0-3+ #-8"#+ 1-.+ 2#".! "#$%&'(&%&+ %-&-),82"#+ &,+ #1,>+ &1"+
('!&2"#+ -3.+ 0-#%2)'3'&*+ ,:+ &1,#"+ >1,+ 0-3-8".+ &,+ ,("!%,0"+ 8!"-&+ -.("!#'&'"#+ -3.+
#2::"!'38#+ '3+ ) ' :" 4+ A1')"+ &1"+ .'('3"+ ."#'83+ -3.+ -##'#&-3%"+/"1'3.+0"39#+ #2::"!'38+>"!"+
#,0"&'0"#+ 0"3&',3".+ ,!+ '0$)'".+ '3+ &1,#"+ %)-##'%-)+ &"P&#=+ &1"+ "0$1-#'#+ >-#+ 8"3"!-))*+
-3.+ %,3#'#&"3&)*+ ,3+ &1"+ 8!"-&+ -/')'&*+ -3.+ ('!&2"#+ ,:+ &1,#"+ 0"3+ >1,+ #2%%"".".4+ 51"+
'0$!"##'("+ I2-)'&'"#+,!+('!&2"#+&1-&+>"!"+ .'#$)-*".+-3.+ &1"+ ('('.+ </,.*+ )-382-8"<=+,:&"3+
%,3("*".+ '3+ ("!*+ .!-0-&'%+ -3.+ 0,('38+ 0-33"!#=+ >"!"+ 230'#&-Q-/)*! )(&.,2%-#+ '3+
3-&2!"4+ 51"+ ('%&,!#+/"%-0"+ 8!"-&+ -3.+ -/'.'38+"P"0$)-!#+ &,+ ,&1"!#+ -3.+ &1"+ $".-8,8'%-)+
(-)2"#+ ,:+ &1"'!+ <#2%%"##<+ #&,!'"#+ >"!"+ #"):K"('."3&4+S,>"("!=+ -))+ &1"#"+ !"$!"#"3&+ ,3)*+
,3"+ #'."+,:+&1"+ %,'34+51"+,&1"!+ #'."+ '#+3,&+#,+8!-&':*'384+
J)-3%*+ I2"#&',3#+ 6'&78"!-).9#+ #288"#&',3+ &1-&+ <;-2)9#+ "3.2!-3%"+ ,:+&!'/2)-&',3#+&"#&':'"#+
&,+1'#+ :,! & ' &2."4< T U V+6,!+J)-3%*+'&+'#+3"%"##-!*+ &,+ #1,>+ &1"+ ,&1"!+ #'."+ ,:+&1"+ %,'3=+ >1'%1+
'#+"I2-))*+!")"(-3&+ -3.+ '0$,!&-3&+&,+&1"+$!"#"3&+ &1"#'#4+ W3+&1"+ </,.*+)-382-8"<+ ,:+-3%'"3&+
J!"%,KL,0-3+ >,!).+ &1"+ #%-!#+ ,!+ /,.')*+ >,23.#+ %,2).+ %,3("*! 3*'/+ $,#'&'("+ -3.+
3"8-&'("+0"##-8"#=+."$"3.'38+ ,3+&1"+ %,3&"P&+ -3.+ #'&2-&',34+W3+&"!0#+ ,:+#,%'-)+#&-&2#+-3.+
$2/)'%+ !"%,83'&',3=+ /,.')*+ #%-!#+ >"!"+ ,:&"3+ ('#'/)"+ 0-!Q#+ -3.+ #'83#+ , :+ &1"+#2::"!'38+
#-8"#=+ &!2"+$1'),#,$1"!#+ -3.+ 3,/)"#=+ ,!+ ,:+&1"+ %,2!-8",2#+ >,!!'"!#+>1,+ #2::"!".+#"!',2#+
>,23.#+ '3+&1"+ /-&&)":'").4+B2&+'3+&1"+%-#"+,:+$",$)"+ >1,+/"),38".+ &,+ &1"+ ),>"!+#&!-&-+,:+
#,%'"&*=+ #2%1+ -#+ &1"+ !23->-*+ #,).'"!#+ '3+ /-&&)"+ ,!+ &1,#"+ >1,+ #2!!"3."!".+ :,!+ :"-!+ ,:+
."-&1=+ /"-&"3+ #)-("#+ -3.+ %!'0'3-)#+ ,!+ .":"-&".+ :'81&"!#+ "&%4=+ /,.')*+ #%-!#=+ -#+ </,.*+
)-382-8"<=+ %,2).+ ,3)*+ #$"-Q+ ,:+ #1-0"+ -3.+ 120')'-&',34+ R2%1+ 3"8-&'("+ -#$"%&#+ ,:+ &1"+
/,.*+ >,23.#=+ >1'%1+ %,33,&".+ #1-0"+ -3.+ 120')'-&',3=+ 1-("+ -)!"-.*+ /""3+ $-!&)*+ ."-)&+
>'&1+ '3+&1"+ #&2.*+ ,:+%!2%':'P',3+ '3+-3&'I2'&*+CE1-$&"!+X3"H4+R,%',K$,)'&'%-))*=+/,.*+#%-!#+
,!+ >,23.#+ %,2).+ >"))+ /"+ $,>"!:2)+ -3.+ ('('.+ #'83#+ -3.+ #*0/,)#+ ,:+ -+ 0-39#+ $,>"!=+
7 8 L
$ B:40/@D$ ;M(4+),03;D$NHN"$
H!I$
1,3,2!=+ -3.+ 8),!*4+ B2&+ &1"+ ,$$,#'&"+ >-#+ -)#,+ &!2"=+/"%-2#"+ &1"*+ 0'81&+ %,33,&"+ .":"-&=+
"3#)-("0"3&+ -3.+#2/0'##',3=+-3.+2)&'0-&")*+/"%-0"+-+$"!#,39#! (4%56%(7(8!
O#+ $,>"!:2)+ #*0/,)#+ -3.+ "::"%&'("+</,.*+ )-382-8"<=+ &1"+ #%-!!".+ /,.*+ >-#+ ,:&"3+2#".+
!1"&,!'%-))*+ '3+-+0-39#+#"):K$!"#"3&-&',3+'3+&1"+J!"%,KL,0-3+ #,%'"&*+ '3+>1'%1+ #&-&2#+-3.+
1,3,2!+>"!"+ ,:+$-!-0,23&+ %,3%"!3#4+ B,.*+>,23.#+ >"!"+ -)#,+ #*0/,)#+ ,:+-+0-39#+ ('!')"+
#"):K%,3&!,)=+ %,2!-8"=+ -3.+ #2$"!0-3K)'Q"+ "3.2!-3%"4+ O+ %)-##'%+ "P-0$)"+ ,:+ &1'#+ '#+ :,23.+
'3+ ;)2&-!%19#! 9*$(2%(+ MMFE+ >1"!"+ !":"!"3%"+ >-#+ 0-."+ &,+ Y'38+ ;1')'$+ >1,+ :,281&+
%,2!-8",2#)*+ '3+/-&&)"@+<A1"3+&1"+ &1'81+ ,:+1'#+ :-&1"!+;1')'$+ 1-.+ /""3+ $'"!%".+/*+ -+#$"-!+
'3+ /-&&)"+ >'&1+ &1"+ 5!'/-))'-3#=+ -3.+ ;1')'$=+ -)&1,281+ 1"+ "#%-$".+ >'&1+ 1'#+ ) ':"=+ >-#+ ("P".+
>'&1+ 1'#+ )-0"3"##=+ O)"P-3."!+ #-'.=+ 9B"+ ,:+ 8,,.+ %1""!=+ :-&1"!=+ -3.+ 8,+ ,3+ *,2!+ >-*+
!"?,'%'38=+ &1-&+ -&+ "-%1+ #&"$+*,2+0-*+ !"%-))+*,2!+(-),2!49<+ <O!"+3,&+ &1"#"+ &1"+ >,!.#+ ,:+-+
&!2)*+ $1'),#,$1'%+ #$'!'&+ >1'%1=+ /"%-2#"+ ,:+ '&#+ !-$&2!"+ :,!+3,/)"+ &1'38#=+ -)!"-.*+ !"(,)&#+
-8-'3#&+ 0"!"+ $1*#'%-)+"3%20/!-3%"#Z<+ -#Q".+ ;)2&-!%1+!1"&,!'%-))*4+O3.+1"+%,3&'32".=+
S,>=+ &1"3=+ &1'3Q+ *,2=+ .'.+ 1"+ 8),!*+ '3+ 1'#+ ,>3+ >,23.#=+ !"0"0/"!'38+ /*+ "-%1+
$-!&+ ,:+1'#+/,.*+-::"%&".+-+3-&',3+,("!%,0"=+ -+('%&,!*+ >,3=+&1"+ %-$&2!"+ ,:+%'&'"#=+
&1"+ #2!!"3."!+ ,:+Q'38#4+S"+ .'.+3,&+ %,("!+ ,("!+ 3,!+ 1'."+ 1'#+ #%-!#=+/2&+ /,!"+ &1"0+
>'&1+ 1'0+,$"3)*+ -#+ #*0/,)'%+!"$!"#"3&-&',3#=+ 8!-("3+ ,3+ 1'#+ /,.*=+ ,:+('!&2"+-3.+
0-3)*+ %,2!-8"+ C.OO9+ .P!!!"$+ "[,(-%+ "*Y"P-$-*'K''(-&\+ .$"5:?%+ YXEW+ -(R$-*-R'-&\+
55"$2?H"$,5%%]4+
W&+ '#+1-!.)*+3"%"##-!*+&,+")-/,!-&"+ :2!&1"!+,3+>1-&+;)2&-!%1+#-'.+%,3%"!3'38+&1"+$,>"!+,:+
&1"+/,.*+ )-382-8"+ >1'%1+ -+0-3+,:+(-),2!+%,3("*".4+
^2'3&')'-3+ #-'.+&1-&+ &1"+#%-!#+,3+0-39#+/,.*+ #$,Q"+ :,!+1'0#"):+ 0,!"+ $,>"!:2))*+&1-3+ 1'#+
."%)-0-&',3@+ <512#+ >1"3+O3&,3'2#+'3+&1"+%,2!#"+ ,:+1'#+.":"3%"+ ,:+_-3'2#+OI2')'2#+ &,!"+
,$"3+ 1'#+ %)'"3&9#+ !,/"+ -3.+ !"("-)".+ &1"+ 1,3,!-/)"+ #%-!#+ >1'%1+ 1"+ 1-.+ -%I2'!".+ >1')"+
:-%'38+1'#+%,23&!*9#+ :,"#=+1"+ !")'".+ 3,+ ),38"!+,3+ &1"+$,>"!+,:+1'#+"),I2"3%"=+ /2&+-$$)'".+
.'!"%&)*+ &,+ &1"+ "*"#+ ,:+ &1"+ L,0-3+ $",$)"4<T U `+ ^2'3&')'-3+ >-#+ -/#,)2&")*+ !'81&+ '3+ &1'#+
7 8 O
$ P2,0),:,40$H"NO"!"$
H!N$
%-#"=+ /"%-2#"+ &1"+ /,.*+ )-382-8"+ >'&1+ >1'%1+ &1"+ <1,3,!-/)"+ #%-!#<+ %,3("*".+ >-#+
%"!&-'3)*+ :-!+0,!"+ $,>"!:2)+-3.+ "::"%&'("+&1-3+0"!"+120-3+ >,!.#4+
a,#"$12#+ &,,=+3-!!-&".+ O3&'$-&"!9#+ #"):K.":"3%"+ -8-'3#&+ -%%2#-&',3#+ ,:+.'#),*-)&*+/":,!"+
a2)'2#+ E-"#-!+ /*+ )"&&'38+ 1'#+ /,.*+ #$"-Q=+ -#+ '3! :8;8+ F4FNb@+ <O &+&1"#"+ >,!.#+ O3&'$-&"!+
#&!'$$".+ ,: :+1'#+ %),&1"#+ -3.+ "P$,#".+ 1'#+ 320"!,2#+ #%-!#4+S'#+ ),*-)&*+ &,+ E-"#-!+ 3"".".=+
1"+ #-'.=+ 3,+ >,!.#+ : !,0+ 1'0\+ 1'#+ /,.*+ %!'".+ '&+ -),2.=+ >"!"+ 1"+ &,+ 1,).+ 1'#+ $"-%"4<+
a,#"$12#+>-#+ %"!&-'3)*+("!*+$"!%"$&'("+ 1"!"4+X3%"+ <1'#+ /,.*+ %!'".+'&+-),2.=<+3,&+ -+ #'38)"+
>,!.+ : !,0+ &1"+ .":"3."!+ >,2).+ '3."".+ /"+ 3"%"##-!*4+ E'%"!,+ -)#,+ -&&-%1".+ 8!"-&+
'0$,!&-3%"+ &,+ &1"+0-#%2)'3"+ %1-!-%&"!+ ,:+-+>-!!',!9#+/,.*+ #%-!#! <=,&.8+ D4FU4VMH4+J)-3%*+
%,00"3&#=+ <>1-&+ -+>-!!',!9#+#%-!#+ #1,2&+ '#+ -+&-/),'.+,:+0-#%2)'3'&*4+R%-!#+ &"#&':*+&1-&+ -+
0-3=+ #%,!3'38+/,&1+$-'3+ -3.+ ."-&1=+ 1-#+ !'#Q".+/,&14<+
S,>"("!=+ 3,&+-))+#%-!#+>"!"+ 3"%"##-!')*+ 0-!Q#+ ,:+%,2!-8"+-3.+1,3,2!4+ 512#=+ >1')"+#%-!#+
'3+ &1"!0$*-'1+ :,!+"P-0$)"=+ ,3+ &1"+0-39#+ :-%"=+%1"#&=+,!+ &1!,-&+>"!"+ ,:&"3+!"-.+ -#+0-!Q#+ ,:+
&!2"+%,2!-8"+ '3+/-&&)"+ ,!+ -3*+ ,&1"!+ %,0/-&#=+ /,.*+ #%-!#+,3+ &1"! 3(.>+ ,:+-+0-3+ >"!"+,:&"3+
!"8-!.".+ -#+ ('#'/)"+ #'83#+ ,:+ %,>-!.'%"4+ O#+ #2%1=+ &1"+ ("!*! 2*.('%*-+ ,:+,3"9#+ /,.*+ #%-!#+
/"%-0"+ -3+ '0$,!&-3&+ '##2"4+ R"!(')'2#+ %,2).+ &12#+ /,-#&+ ,:+ &1"+ 8),!',2#+ :-%&+ &1-&+ -))+ &1"+
<1,3,2!-/)"+ #%-!#<+ 1"+ !"%"'(".+ >"!"+ < '3+ :!,3&<=+ -#+ '3+ c '(*+ V`4MN4FT@+ < W+1-("+ ,3+
&>"3&*K&1!""+ ,%%-#',3#+ %1-))"38".+ -3.+ :,281&+ -3+ "3"0*\+ W+ /!,281&+ /-%Q+ &1"+ #$,')#+ ,:+
"("!*+ 0-3+ >'&1+ >1,0+W+.2"))".\+ W+$,##"##+-+/,.*+ -.,!3".+ >'&1+ 1,3,2!-/)"+ #%-!#=+ "("!*+
,3"+ ,:+&1"0+ !"%"'(".+ '3+ :!,3&4<+51"+ .!-0-+ %,3&'32".@+ <S"+ &1"3+ #&!'$$".=+ '&+ '#+ #-'.=+ -3.+
&,).+ '3+ >1'%1+ >-!+ 1"+ 1-.+ !"%"'(".+ "-%1+ >,23.4<+ R'83':'%-3&)*+ "3,281=+ ;-2)+ 1-.+ -)#,+
#-'.+ '3+ J-)4+ T4Fb=+ < W+%-!!*+ &1"+ 0-!Q#+ ,:+ a"#2#+ /!-3.".+ ,3+ 0*+ /,.*4<+ B2&+ >-#+ ;-2)+
0-Q'38+ &1'#+ !":"!"3%"+ &,+ #1,>+ 1'#! )(-2%-#&&+ -%%,!.'38+ &,+ &1"+ 0"-3'38+ -3.+ '0$)'%-&',3#+
,:+ &1"+ #,%'-)+ "&1,#+,:+1'#+ &'0"Z+ W&+>-#+ 0,#&+ 23)'Q")*=+ :,!+;-2)+ '3+&1'#+ $-!&'%2)-!+ J-)-&'-3+
7 8 7
$ B:40/@D$;M(4+),03;D$ NI7"$
H!H$
%,3&"P&+ >-#+ ,3)*+ -%Q3,>)".8'38+ &1"+ :-%&+ &1-&+ -#+ -+ :-' &1:2)+ T,([,d\+,:+ E1!'#&+ '&+>-#+ 1'#+
."#&'3*+ -3.+$!'(')"8"+&,+#1-!"+'3+E1!'#&9#+#2::"!'384+
W3+ &1"+ %)-##'%-)+ &"P&#=+ &1"+ #-8"#+ ,:&"3+ #$,Q"+ ,:+ &1"+ :-%&+ &1-&+ &1"'!+ /,.*+ 1-.+ "3.2!".+
'3:)'%&',3#+ ,:+ -))+ #,!+ B2&+ 3,&+ -))+ $1*#'%-)+ '3:)'%&',3#+ #2::"!".+ 3"%"##-!')*+ #'83':'".+
%,2!-8"+-3.+ "3.2!-3%"4+ X3)*+ &1"+ $!"%'#"+ %,3&"P&+ ,!+ ,%%-#',3+ %,2).+.'#&'382'#1+%,2!-8"+
:!,0+ %,>-!.'%"4+ J)-3%*+ 1-#+ #&2.'".+ %),#")*+ &1"+ 0"-3'38+ -3.+ !")-&".+ %,33,&-&',3#+ ,:+
<&1"+ >1'$$-/)"+ /,.*<+ -3.+ .'#%,("!#+ &1-&+ <'3+ L,0-3! /(3%',&1+ >1'$$'38+ >-#+ &1"+
-!%1"&*$-)+ 0-!Q+ ,:+.'#1,3,!<4T U b+ O#+ #2%1=+ </"'38+ #2/?"%&+ &,+/"-&'38=+ /"'38+ (2)3"!-/)"+ &,+
&1"+ $,>"!+ ,:+ -3,&1"!+ 0-3+ C,!+ >,0-3H+ &,+ ,!."!+ >1'$$'38=+>-#+ 3,&+ -! $%'#! +#! "(&&(?#!
-##,%'-&".+ >'&1+ 0-&2!'38+ &,+ 0-31,,.+ /2&+ -+ #&-&"+ &1-&+ .'0'3'#1".+ -3*+ %)-'0+ &,+
0-3)'3"##4<TU U+ 6),88'38+ >-#+ %,00,3)*+ 2#".+ -#+ #)-("+ %,!$,!-)+ $23'#10"3&+ '3+ L,0-3+
$!-%&'%"4+ R2/?"%&',3+ &,+ %,!$,!-)+ $23'#10"3&+ &12#+ %)"-!)*+ #'83-))".+ "3#)-("0"3&=+
120')'-&',3=+ -3.+ ."/-#"0"3&4+ O#+ L'%1-!.+ R-')"!+ 1-#+ !'81&)*+ 3,&".=+ <$!"%'#")*+ /"%-2#"+
,#$3#$(+ >"!"+ : ' &+:,!+ #)-("#+ -3.+ "3%,2!-8".+ -+ #"!(')"+ 0"3&-)'&*+ ,:+ 8!2.8'38+ :"-!=+ #2%1+
$23'#10"3&+ >-#+ %,3#'."!".+ '3-$$!,$!'-&"+ -3.+ '3#2)&'38+ :,!+ :!""/,!3+ -.2)&+
0%2%%0()%2%(&8@ABC+ 51"!":,!"=+ -+ <>1'$$-/)"+ /,.*<+ >-#+ .'#1,3,2!-/)"+ -3.+ .'#8!-%":2)=+ -#+
L'%1-!.+ O)#&,3+ 1-#+ #-'.@+ </"-&'38=+ "#$"%'-))*+ $2/)'%+ /"-&'38=+ >-#+ -+ .!-0-&'%+
."0,3#&!-&',3+ ,:+&1"+ #2/?28-&',3+ ,:+&1"+ $"!#,3+ &,+&1"+$,>"!+ ,:+-3,&1"!+ -3.+ -3+ '0$,!&-3&+
#*0/,)+ ,:+&1"+ #"!(')'&*+ ,:+&1"+ ('%&'0+ -3.+ 1'#+ %,0023'&*4< T N G+e,0'3'%+_,3&#"!!-&+ &1'3Q#+
&1-&+ </"-&'38+ '#+ -)0,#&+ -3+ -3-),82"+ &,+ $"3"&!-&',3=+ /"%-2#"+ '&+ '#+ '3(-#'("+ -3.+ &1"!":,!"+
."0"-3'38=+ -3.+ &12#+ '&+-)#,+"3:,!%"#+ &1"+ .'#&'3%&',3+/"&>""3+ #)-("+ -3.+ : !"" 4< T N F+O+ #)-("=+
>1,#"+ /,.*+>-#+ -##-2)&".+,!+ '3?2!".=+>-#+ <#,0-&'%-))*444'3+ -+$"!0-3"3&+ -3.+ 8'("3+#&-&"+
7 8 !
$ B:40/@D$;M(4+),03;D$ NI!"$7 8 8
$ B:40/@D;M(4+),03;D$NI8"$7 8 K
$ Q,/&4*-$ R4,:'*D$ ;S(*5(*4:$ 920,+&6'0)D$ T2)&(*,)@D$ UV'-,'0/';D$ ,0$ M'*@:$ Q4>+(0$ E'-"JD! )($$%(*#+!
,%-.$/#+! (01!23%41$#0! %0!50/%#0'! 6.7#$ EU?.(*-1$S:4*'0-(0D$NKKNJD$ NLLC7OD$ 4)$N7O"$7 K I
$ Q,/&4*-$ T:+)(0D$ ;T*6+$40-$ )&'$ W401$R(:-,'*+D$ W4+/2:,0,)@$ 40-$ 9(>'*$ ,0$Q'52V:,/40$ 40-$X65'*,4:$
Q(6';D$ ,0!83#0+$HIOCH#D$ 4)$HI8"$7 K N
$ Y(6,0,/$W(0)+'**4)D$ ;Z?5'*,'0/,03$)&'$64:'$V(-@$,0$Q(640$Z3@5);D$,0!83#0+$ NO#C7LD$4)$NO!"$
H!#$
,:+ $-##'('&*+ -3.+ #2/?"%&',34<+ 51"!"+ >"!"+ &12#+ I2-)'&-&'("+.'::"!"3%"#+/"&>""3+ :!""+-3.+
#)-("+ /,.'"#4+
B-#".+ ,3+ &1"+ %,3#'#&"3%*+ '3+ &1"+ 2#"+ ,:+ >1'$$'38+ ,!+ :),88'38+ '3+ L,0-3+ #,%'"&*=+ ,3"+
%,2).+ I2'&"+ #-:")*+'3:"!+&1-&+ '&+1-.+ "#&-/)'#1".+ '&#"):+ -#+ -3+ '0$,!&-3&+.'#&'382'#1'38+0-!Q+
/"&>""3+ -+ #)-("+ -3.+ -+ :!""+0-34+ W&+>-#+ -%&2-))*+ -+ #-.+ :-%&+&1-&+ #,0"+L,0-3+ #)-("#+.'.+
,:&"3+ /"-!+ &1"+ 120')'-&'38+ -3.+ ."/-#'38+ 0-!Q#+ ,3+ &1"'!+ /-%Q#+ .2"+ &,+ $-#&+>1'$$'38#4+
a"#2#=+ &1"+ <#2::"!'38+#"!(-3&<! "($! #7.#22#-.#1+ -)#,+ "3.2!".+ #2%1+ $1*#'%-)+ -/2#"+ '3+ &1"+
:'3-)+1,2!#+ ,:+1'#+0'##',34+
W3+ L,0"=+ '&+>,2).+/"+ &1"+8!"-&"#&+.'#1,3,2!=+ #1-0"=+-3.+ 120')'-&',3+ :,!+-+:!""+$"!#,3+ &,+
/"+ #2/?"%&".+ &,+>1'$$'38#+$2/)'%)*4+ E'%"!,9#! D-! E#$$#)+ `4F`UKTF+ 8-("+ -+("!*+ ('('.+ -3.+
0,('38+ ."#%!'$&',3+ ,:+ -+ L,0-3+ %'&'7"3+ J-('2#9+ #2::"!'38+ '3+ &1"+ 1-3.#+ ,:+ f"!!"#=+
1'81)'81&'38+ &1"+ #"("!"+ :),88'38+ >1'%1+ >-#+ '3:)'%&".+ ,3+ J-('2#9+ /,.*=+ -#+ -+ 0-!Q+ ,:+
8!,##+ '3?2#&'%"+-3.+120')'-&',3+ :,!+-+L,0-3+%'&'7"34+
;1'),9#+ -%%,23&+ ,:+6)-%%2#9+ %-0$-'83+ -8-'3#&+ &1"+a">#+,:+O)"P-3.!'-+!")'".+1"-(')*+,3+-+
Q'3.+ ,:+ /,.*+ )-382-8"+ >1'%1+ >-#+ %),#")*+ -##,%'-&".+ >'&1+ >1'$$'38+ ,!+ :),88'38+ -3.+
>1'%1+ >-#+ '3.'%-&'("+ ,:+ ,3"9#+ #,%'-)+ %)-##+ -3.+ #&-3.'38+ '3+ &1"+ L,0-3+ #,%'"&*4+
O%%,!.'38+ &,+ 1'#+ -%%,23&=+ 6)-%%2#+ ,!."!".+ &1"+ 0"0/"!#+ ,:+ &1"+ a">'#1+ %,23%')+ &,+ /"+
!,23.".+ 2$+ -3.+/!,281&+ &,+-+ &1"-&!"+ -#+ -+#$"%&-%)"=+ 1'81)'81&'38=+ '3+$-!&'%2)-!=+&1"+ ->:2)+
%,!$,!-)+ &,!&2!"+&1!,281+:),88'38@+<51"3+ -#+ &1"*+ #&,,.+>'&1+ &1"'!+"3"0'"#+#"-&".+'3+:!,3&+
&,+ #'83-)'7"+ &1"'!+.'#8!-%"+ 1"+,!."!".+ &1"0+-))+&,+/"+ #&!'$$".+-3.+ )-%"!-&".+ >'&1+ #%,2!8"#+
>1'%1+ -!"+ %,00,3)*+ 2#".+ :,!+ &1"+ ."8!-.-&',3+ ,:+ &1"+ (')"#&+ 0-)":-%&,!#=+ #,+ &1-&+ '3+
%,3#"I2"3%"+ ,:+&1"+ :),88'38+ #,0"+ 1-.+ &,+ /"+ %-!!'".+,2&+ ,3+ #&!"&%1"!#+ -3.+ .'".+ -&+ ,3%"=+
>1')"+ ,&1"!#+ )-*+#'%Q+:,!+-+),38+&'0"+."#$-'!'38+ ,:+!"%,("!*<! <D-! F2(..,)+ b`H4+S,!!':'".+
7 K H
$ W(0)+'**4)D$;Z?5'*,'0/,03;D$NO!"$
H!L$
/*+ &1"+L,0-39#+ 120')'-&'38+ -3.+ 23.'83':'".+&!"-&0"3&+ ,:+&1"+ a">'#1+ )"-."!#+;1'),+0-."+
&1"+ :,)),>'38+%!'&'%-)+ !"0-!Q#@+
6,!+ '&+ '#+ #2!")*+ $,##'/)"+ >1"3+ '3:)'%&'38+ ."8!-.-&',3+ ,3+ ,&1"!#+ &,+ : '3.+ #,0"+ )'&&)"+
&1'38+ &,+ #2#&-'3+ &1"'!+.'83'&*4444R2!")*+ &1"3+ '&+>-#+ &1"+ 1"'81&+,:+1-!#13"##+&1-&+>1"3+
%,00,3"!#+ -0,38+ &1"+ O)"P-3.!'-3+a">#=+ ' :+ &1"*+ -$$"-!".+ &,+ 1-("+ .,3"+ &1'38#+
>,!&1*+,:+#&!'$"#=+>"!"+/"-&"3+ >'&1+>1'$#+0,!"+ #288"#&'("+ ,:+:!""0"3+-3.+%'&'7"3#=+
&1"+ 0-8'#&!-&"#=+ &1"+ R"3-&"=+ >1,#"+ ("!*+ 3-0"+ '0$)'"#+ -8"+ -3.+ 1,3,2!=+ '3+ &1'#+
!"#$"%&+ :-!".+ >,!#"+ &1-3+ &1"'!+ '3:"!',!#+-3.+ >"!"+ &!"-&".+ )'Q"+ g8*$&'-3#+ ,:+ &1"+
0"-3"#&+!-3Q+ -3.+ 82')&*+ ,:+&1"+8!"-&"#&+'3'I2'&'"#! <D-!F2(..,)+ bNKUGH4+
R'0')-!)*=+ a,#"$12#+ -)#,+ (,'%".+1'#+ $!,&"#&+ '3!:8;8+ D4MGU@+ <6,!+ 6),!-#+ ("3&2!".+ &1-&+ .-*+
&,+ .,+>1-&+3,3"+ 1-.+"("!+ .,3"+ /":,!"=+3-0")*=+&,+ #%,2!8"+ /":,!"+1'#+ &!'/23-)+ -3.+3-')+ &,+
&1"+%!,##+0"3+ ,:+"I2"#&!'-3+ !-3Q=+0"3+ >1,=+' :+a">#+/*+/'!&1=+>"!"+ -&+ )"-#&+ '3("#&".+ >'&1+
&1-&+L,0-3+ .'83'&*4<+
B2&+ ("!*+ '!,3'%-))*=+ -%%,!.'38+ &,+ &1"+ B,,Q+,:+O%&#=+ ' &+>-#+ &1"+ 0"0/"!#+ ,:+ &1"+ a">'#1+
%,23%')+ >1,+ 1-.+ 23?2#&)*+:),88".+&1"+ '33,%"3&+ -$,#&)"#@+ <-3.+ >1"3+ &1"*+ 1-.+ %-))".+'3+
&1"+ -$,#&)"#=+ &1"*+ 1-.+ &1"0+ :),88".+CR"'$-'3"8H4+51"3+ &1"*+ ,!."!".+ &1"0+3,&+ &,+#$"-Q+'3+
&1"+ 3-0"+,:+a"#2#=+-3.+ )"&+ &1"0+ 8,4<+B2&+-#+ &1"+ -$,#&)"#+ )":&+ &1"+ %,23%')=+ <&1"*+!"?,'%".+
&1-&+ &1"*+>"!"+ %,3#'."!".+ >,!&1*+ &,+ #2::"!+.'#1,3,2!$ E-%,24(P.[=9,-H+:,!+&1"+ #-Q"+,:+ &1"+
3-0"<+ CO%&#+`4VGKVFH4+512#=+ '3#&"-.+ ,:+%,0$)-'3'38+ -/,2&+ '3?2#&'%"+-3.+/"'38+$"!&2!/".+
/*+ -3*+ #"3#"+ ,:+ 120')'-&',3=+ &1"+ E1!'#&'-3+-$,#&)"#+ %,23&".+ '&+ -+$!'(')"8"+&,+ 1-("+ 8,3"+
&1!,281+ #2%1+ -3+ "P$"!'"3%"+ ,:+ 8!"-&+ <.'#1,3,2!$ E-%,h'--G:h(,-H<i+ W&+ >-#+ -+ /)-&-3&+
'3("!#',3+ ,:+L,0-3+ C-3.+ '3+&1'#+%-#"=+-)#,+a">'#1H+ #,%'-)+ "&1,#4+
J)-3%*9#+ #&2.'"#+ #1,>+ &1-&+ <&,+/"+ $"3"&!-&".=+ ,!+ "("3+ &,+/"+ )'-/)"+&,+ %,!$,!-)+ (',)-&',3=+
>-#+ '3%,3#'#&"3&+ >'&1+ !"#$"%&-/)"+ 0-#%2)'3'&*\+ '3+ ,!."!+ :,!+ -+ 0-3+ &,+ $!,&"%&+ 1'#+
!"$2&-&',3+ -3.+ 1'#+ #&-&2#=+1"+ 1-.+ &,+ C/"+ -/)"+ &,H+$!,&"%&+ &1"+ /,23.-!'"#+ ,:+1'#+/,.*+ :!,0+
/!"-%1"#+,:+-3*+ Q'3.4<+
7 K #
$ B:40/@D$ ;M(4+),03;D$NNN"$
H!O$
51"+ $!,:,23.+0"-3'38+ ,:+;-2)9#+ </,.*+ )-382-8"<+ >-#+ 3,&+ ,3)*+%,3:'3".+&,+ &1"+ >,23.#+
-3.+ #%-!#+/,!3"+ /*+ &1"+ /,.*=+ '&+-)#,+ 1-.+ '0$,!&-3&+ '0$)'%-&',3#+ :,!+1'#+ 0-32-)+ )-/,2!@+
1'#+ &"3&0-Q'38+ $!,:"##',34+ W3+ &1'#+ $-!&'%2)-!+ %,33"%&',3=+ S,%Q9#+ #&2.*+ '#+ '0$,!&-3&=+
-)&1,281+ '3+ F+E,!4+ V4FD+ ;-2)+ ,3)*+ 0"3&',3".+ <&1"+ >,!Q+ ,:+ ,2!+ ,>3+ 1-3.#<=+ -3.+ 3,&+
"P$)'%'&)*+ <&"3&0-Q'38<+ -#+ #2%14+ ;-2)9#+ &"3&0-Q'38+ $!,:"##',3=+0"3&',3".+ '3+O%&#+ FU4M=+
-3.+ '0$)'%'&)*+ /*+ ;-2)+ '3+ F+E,!4+ V4FD=+ 1-#+ ,:&"3+/""3+ &-Q"3! "*&%'%G#25+ -#+ 1'#+ -/')'&*+ C-3.+
$!'."H+ &,+ #2$$,!&+ 1'0#"):+-3.+ &12#+0-Q'38+&1"+ 8,#$")+ :!""+&,+,&1"!#4+ W&+'#+ -)#,+ #,0"&'0"#+
&-Q"3+ -#+ -+ Q'3.+ ,:+ <#'.")'3"<=+ >'&1,2&+&1'3Q'38+ &1-&+ '&+>-#+ %"3&!-)+ &,+;-2)9#+#"):K'."3&'&*+
-3.+ )':"+ #&*)"+ -#+ -$ R(U\(,]+,:+ E1!'#&4+ S,%Q+ 1-#+ &!'".+ &,+ #1,>+ &1-&+ ;-2)9#+ 0-32-)+ )-/,2!+
>-#+ ("!*+ 02%1+ &1"+ &!-."+ ,:+ -! &2(G#+ ,!+ $"!#,3+ ,:+ ("!*+ ),>+ #,%'-)+ #&-&2#4+ S'#+ <1238"!<+
-3.+ <&1'!#&<+ 0"3&',3".+ '3+ &1"+ E,!'3&1'-3+ )"&&"!#=+ 0'81&+ -)#,+ /"+ -3+ '3.'%-&',3+ &1-&+ &1'#+
&!-."+ .'.+ 3,&+ -)>-*#+ $!,('."+ #2::'%'"3&)*+:,!+;-2)4+ W3+ ,&1"!+ >,!.#=+ ;-2)9#+ &"3&0-Q'38+
2(3*,$+ >-#+ -)#,+#,%'-))*+-+/'8$(^/(9R-O4,(+ '3+-+#&-&2#K%,3#%',2#+ #,%'"&*4+
S-('38+ &!'".+ &,+ "#&-/)'#1+ &1-&+ ;-2)+ >-#+ -+ )"-&1"!>,!Q"!=+ -+ 0-Q"!+ ,:+ &"3&#+ C-#+ >"))+ -#+
,&1"!+ )"-&1"!+ 8,,.#H=+ S,%Q+ &1"3+ .'#%2##"#+ &1"+ .-')*+ "P$"!'"3%"#+ ,:+ -+ :'!#&+ %"3&2!*+
-!&'#-34T N V+ O!&'#-3#+ >,!Q".+ :,!+),38+1,2!#+ '3+ -+ .'!&*=+ 3,'#*=+ -3.+ .-38"!,2#+ "3('!,30"3&+
-3.+ >"!"+ !"82)-!)*+ #&'80-&'7".+ -#+ #)-('#1=+ $,,!=+ -3.+ 23".2%-&".+ >'&1+ -+0,."#&+ '3%,0"=+
&1-&+ '#=+.-')*+/!"-.+ -3.+ 3,&+02%1+0,!"4 T N `+ S,%Q+#20#+2$+;-2)9#+ %,3.'&',3@+<;-2)9#+ &!-."+
'3+ )-!8"+ 0"-#2!"+ ."&"!0'3".+ 1'#+ .-')*+ "P$"!'"3%"#+ -3.+ 1'#+ #,%'-)+ #&-&2#4+ S'#+ )':"+ >-#+
("!*+02%1+ &1-&+ ,:+ &1"+ >,!Q#1,$+ K+,:+-!&'#-3K:!'"3.#+ )'Q"+ OI2')-=+ B-!3-/-#=+ -3.+ $"!1-$#+
a-#,3\+ ,:+ )"-&1"!=+ Q3'("#=+ -3.+ ->)#\+ ,:+ >"-!*'38+ &,' ) \+ ,:+/"'38+ /"3&+ ,("!+ -+ >,!Q/"3%1+
)'Q"+ -+ #)-("+ -3.+ ,:+ >,!Q'38+ #'."+ /*+ #'."+ >'&1+ #)-("#\+ ,:+ &1"!"/*+ /"'38+ $"!%"'(".+ /*+
7 K L
$ _(/AD!93#!:./%(4! 2.0'#;'+$ H7C#N"$7 K O
$ _(/AD!93#!:./%(4! 2.0'#;'+$ #NC#O"$
H!7$
,&1"!#+ -3.+ /*+ 1'0#"):+ -#+ #)-('#1+ -3.+ 120')'-&".\+,:+ #2::"!'38+&1"+ -!&'#-3#9+ )-%Q+ ,:+#&-&2#+
-3.+ #,+ /"'38+ !"(')".+-3.+ -/2#".4<+ T N T+
R-(-8"+1-#+ -)#,+0-."+ #,0"+%,3&!'/2&',3+&,+ &1"+ .'#%2##',3+ ,3+ &1"+ #,%'-)+ '0$)'%-&',3#+,:+
;-2)9#+ 0-32-)+ )-/,2!+ -#+ -+ &"3&0-Q"!4+ R-(-8"+I2"#&',3#+ #,0"+ !-&1"!+ $,$2)-!+ ('">#+ &1-&+
&1"+ E,!'3&1'-3+ %!'&'%'#0+ ,:+;-2)+ >-#+ )-!8")*+ .2"+ &,+ 1'#+ !":2#-)+ &,+ -%%"$&+ 1")$+ ,!+ $-*+ :,!+
1'#+ 0'3'#&!*=+ -3.+ >-#+ &12#+ ("!*+ .'::"!"3&+ : !,0+ /,&1+ S"))"3'#&+ -3.+ a">'#1+ &"-%1"!#4+
R-(-8"+'#+ I2'&"+ !'81&+'3+&1'3Q'38+&1-&+ #2%1+ 0'81&+ 3,&+ !"-))*+/"+ &1"+ 0-'3+ '##2"4+51"+0-'3+
$!,/)"0+>-#+ $!,/-/)*+ &1"+ #,%'-)+ '0$)'%-&',3#+,:+0-32-)+ )-/,2!+ #2%1+ -#+ &"3&0-Q'38=+ -3.+
&,+-+)"##"!+."8!""=+ '3%,3#'#&"3%*+ ,3+ &1"+ $-!&+ ,:+;-2)=+ #'3%"+1"+1'0#"):+-)#,+/")'"(".+ &1-&+ -+
>,!Q"!+."#"!(".+ 1'#+ $-*+ CF+E,!4+ N4TKb=+ #""+ -)#,+a"#2#9+ &"-%1'38+ '3+_-&&1">+ FG4FG\+ c2Q"+
B2&+ >-#+ ;-2)+ 3,&+ Q""3)*+ ->-!"+ &1-&+ /*+ 0-'3&-'3'38+ &1"+ 8!,23.+ ,:+1'#+ /,-#&'38+ 1"+ 1-.+ &,+
Q""$+ 1'#+ 0-32-)+ )-/,2!+ 8,'38=+ -3.+ /"%-2#"+ ,:+ &1"+ #,%'-)+ '0$)'%-&',3#+ ,:+ &1-&+ Q'3.+ ,:+
#"!(')"+ >,!Q+ &1"+ $!'%"+ >-#+ ("!*+ 8!"-&Z+ X3"+ >,2).+ )'Q"+ &,+ &1'3Q+ &1-&+ ;-2)+ 1'0#"):+ >-#+
0,#&+ $!,/-/)*+ ->-!"+ ,:+ &1-&4+ S,>"("!=+ 1"+ #""0".+ &,+ /"+ >"))+ $!"$-!".+ :,!+ #2%1+
<>"-Q3"##<+ &1!,281+ >1'%1=+$-!-.,P'%-))*=+ J,.9#+ $,>"!+ 0'81&+ /"+ 0-3':"#&".=+ ?2#&+ -#+ '&+
>-#+ &1!,281+ &1"+ %!,##+ ,:+ E1!'#&4+ j"&=+ '3+ ,!."!+ &,+ .,+ &1-&+ ;-2)+ 1-.+ &,+ ."-)+ >'&1+ &1"+
0'#23."!#&-3.'38+ -3.+ %!'&'%'#0+ ,:+ 1'#+ E,!'3&1'-3+ %!'&'%#+ >1,+ ('">".+ &1"+ >1,)"+ &1'38+
3"8-&'(")*+ -%%,!.'38+ &,+&1"+ #,%'-)+"&1,#+,:+&1"+ &'0"4+O8-'3=+'&+>-#+ -+%,3:!,3&-&',3+,:+&>,+
.'-0"&!'%-))*+ ,$$,#".+ #,%'-)+ $"!%"$&',3#+ -3.+ &1'#+>-#+ >1-&+0-."+;-2)9#+ &1",),8*+ ,:+ &1"+
%!,##+ #2%1+ -+ .!-#&'%+ '3("!#',3+ ,:+ &1"+ J!"%,KL,0-3+ #,%'-)+ "&1,#4+ R-(-8"+ #""0#+ &,+ /"+
!'81&+ '3+ &-Q'38+ &1"+ ('">+ &1-&+ <&1"+ Q"*+ &,+ 23."!#&-3.'38+ &1"+ E,!'3&1'-3#9+ %!'&'%'#0#+ ,:+
;-2)+ :,!+ !":2#'38+ &1"'!+ 0-&"!'-)+ #2$$,!&+ >,2).+ /"+ :,23.=+ 3,&+ '3+ $,#'&'38+ 1*$,&1"&'%-)+
TNT+7 K !
$ R4=43'D! <.=#$+$ 8N"$
_(/AD!93#!:./%(4! 2.0'#;'+$ 7!"$
H!!$
8!,2$#+ ,:+ !'(-)+ 0'##',3-!'"#+ C>1,+.'.+3,&+ !":2#"+#2$$,!&H=+/2&+ '3+#""Q'38+ &,+.'#%,("!+ &1"+
$!"(-')'38+ :'!#&K%"3&2!*+-&&'&2."#+ &,+ 0-&&"!#+ #2%1+ -#+ $-*=+ 0,3"*=+ >"-)&1=+ $,("!&*+ -3.+
"0$),*0"3&4< T N U+ ;-2)9#+ )-/,2!+ >,!Q+ >-#+ 23.,2/&".)*+ 23.'83':'".+ -3.+ %,3&"0$&'/)"+
-%%,!.'38+ &,+ &1"+ %2!!"3&+ #,%'-)+ "&1,#4+ E'%"!,+ "P$)'%'&)*+ ."#$'#".+ 0-32-)+ )-/,2!+ /*+
#-*'38+ &1-&+ <(2)8-!+-!"+ &1"+0"-3#+ ,:+)'(")'1,,.+ ,:+-))+1'!".+>,!Q0"3+>1,0+ >"+$-*+:,!+
0"!"+ 0-32-)+ )-/,2!=+3,&+ :,!+-!&'#&'%+ #Q' ) ) \+ :,!+'3+&1"'!+%-#"+&1"+ ("!*+>-8"+ &1"*+ !"%"'("+ '#+
-+ $)".8"+ ,:+ &1"'!+ #)-("!*<! < H 0 0 8+F4F`GH4+ R'0')-!)*+ c2%'-3@+ <-+ )-/,2!"!+ &,')#+ >'&1+ 1'#+
/,.*4=+4-+0-3+>1,+1-#+ 3-281&+ /2&+1'#+1-3.#+C-+0-3+>1,+)'("#+/*+1'#+ 1-3.#H4<T N N+
J'("3+ &1"+ :-%&+&1-&+ '3+:'!#&+%"3&2!*+L,0-3+ #,%'"&*+>1"!"+0-&"!'-)+$,##"##',3+>-#+ ,3"+,:+
&1"+ 0,#&+ '0$,!&-3&+%!'&"!'-+&,+-##"##+-+$"!#,39#+ #&-3.'38+ '3+#,%'"&*=+ &1"+ $,("!&*+,:+;-2)+
>,2).+ 3"%"##-!')*+ -3.+23."!#&-3.-/)*+ /"+ -3+ '0$,!&-3&+0-&&"!+ :,!+>1'%1+ -+#,)2&',3+02#&+
#,0"1,>+ /"+ :,23.4+ a2.8'38+ : !,0+ ;-2)9#+ #&!-&"8*+ -3.+ -$$!,-%1+ '3+ &1"+ E,!'3&1'-3+
%,!!"#$,3."3%"=+ '3#&"-.+ ,:+%1-38'38+,!+ '0$!,('38+,3+1'#+>,!Q'38+ -3.+ ) '('38+%,3.'&',3#=+
;-2)+ 1-.+ -$$-!"3&)*+ ."%'.".+ &,+."-)+ >'&1+ &1"+ '##2"+/,&1+#,%'-))*+-3.+ &1",),8'%-))*+ !-&1"!+
&1-3+ "(-.'38+ '&4!I*.%(2251+ ;-2)+ >-3&".+ &1"+ E,!'3&1'-3#+ &,+ -.,$&+ -+ 3">! J/$%&'%(-+ #,%'-)+
"&1,#+ >1'%1+ >-#+ 0-!Q".)*+.'::"!"3&+: !,0+ &1"+ %2!!"3&+ ,3"4! =/#*2*?%.(225+ 1"+%,3:!,3&".+
&1"0+ >'&1+ &1"+ &1",),8*+ ,:+ &1"+ %!,##=+ >1'%1=+ >1"3+ !'81&)*+ 23."!#&,,.=+ >,2).+ ('!&2-))*+
&2!3+ &1"+ ,).+ >,!).+ ,:+ &1"+ E,!'3&1'-3#+ 2$K#'."K.,>34+ 51-&+ >-#=+ 120-3)*+ #$"-Q'38=+ -+
0,#&+.-23&'38+&-#Q=+ "#$"%'-))*+ '3+-+8!"-&+ %,00"!%'-)+%"3&!"+ #2%1+ -#+ E,!'3&1+>1"!"+#,%'-)+
#&-&2#+ -3.+ -))+&1"+ (-)2"#+ '3(,)(".+ >"!"+ &1"+ 0-'3+%,3%"!3#+ ,:+ '&#+ !"#'."3+ O#+ #2%1=+ &1"+
%,3:)'%&+ , :+ .'-0"&!'%-))*+ ,$$,#".+ $"!%"$&',3#+ /"&>""3+ ;-2)9#+ -3.+ 1'#+ %!'&'%#9+ >-#+
'3"('&-/)"4+ O3.+?2.8'38+ : !,0+ &1"+ %,3&"3&#+ ,:+D+ E,!'3&1'-3#=+&1"+ #,)2&',3+>-#+ 3,&+ ("!*+
$!,0'#'38+ *"&4+
R4=43'D!<.=#$+$ 8L"$
`2/,40D!:.70>! ?>$R''$4:+($R'0'/4D!@">$88"H]$a2='04:$K"NLI"$
H!8$
!"L$S(0/:2+,(0$
51'#+$-!&+ ,:+&1"+ &1"#'#+/"8'3#+ >'&1+ !":"!"3%"#+&,+#,0"+%)-##'%-)+ >!'&'38#=+/,&1+J!""Q+ -3.+
L,0-3=+,3$ %%'5)(%4/0,]D+>1'%1+>-#+ %,00,3)*+!"8-!.".+ -#+ -+&!2"+&"#&+,:+&1"+ #-8"9#+
0-3)'3"##=+ %,2!-8"+ -3.+"3.2!-3%"4+ O%%,!.'38+&,+&1'#+J!"%,KL,0-3+ &!-.'&',3=+ &1,#"+>1,+
,("!%-0"+ 1-!.#1'$#+ >"!"+ 1'81)*+ !"8-!.".+ -#+ 3,/)"=+$!-'#">,!&1*+ -3.+"P"0$)-!*=+ -3.+'3+
0-!Q".+%,3&!-#&=+ &1,#"+>1,+:-')".+>,2).+ /"+('">".+'3+&"!0#+ ,:+230-3)'3"##+ -3.+
%,>-!.'%"4+
6,!+ )-%Q+ ,:+ #2/#&-3&'-)+ "('."3%"+ '&+ >,2).+ /"+ .':: '%2) &+ &,+ /"+ >1,))*+ %"!&-'3+ ' :+;-2)+ >-#+
->-!"+ ,:+ &1"+ &!-.'&',34+ S,>"("!=+ ,3+ &1"+ /-#'#+ ,:+ &1"+ -$,#&)"9#+ (-#&+ Q3,>)".8"+ -/,2&+
&1'38#+ -!,23.+ 1'0+'3+&1"+ J!"%,KL,0-3+ -#+ >"))+ -#+ &1"+ a">'#1+ >,!).#=+,3"+ %,2).+$"!1-$#+
I2'&"+ #-:")*+-##20"+&1-&+ ;-2)+ >-#+ Q3,>)".8"-/)"+ -/,2&+ #2%1+ &!-.'&',34+B2&+.'.+;-2)+ 2#"+
&1"!"#$%&'(&%&+ %-&-),82"#+ '3+&1"+>-*+&1-&+&1"*+>"!"+%,00,3)*+2#".+ /*+ &1"+ J!"%,KL,0-3+
#-8"#=+ -#+ >-#+ &1"+ -##20$&',3+ ,:+ #%1,)-!#+ )'Q"+ 6'&78"!-).Z+ 51'#+ $-!&+ , :+ &1"+ &1"#'#+ 1-#+
&-Q"3+ &1"+ ('">+ &1-&+;-2)+0,#&+$!,/-/)*+.'.+3,&+2#"+ ' &+-%%,!.'38+ &,+ &1"+%)-##'%-)+ &!-.'&',3=+
'4"4=+ 2#'38+ '&!"*&%'%G#25+ &,+ ."0,3#&!-&"+ ,!+ $!,("+ 1'#+ ,>3! /,)(-+ "3.2!-3%"+ -3.+ %,2!-8"=+
#,+ &1-&+ 8),!*+ -3.+ 1,3,2!+ 0'81&+/"+ %,3:"!!".+2$,3+ 1'04+6,!+ &,+ .,+ #,+ >,2).+ !,/+J,.+,:+
S'#+ 8),!*+ -3.+ 1,3,2!=+ -3.+ &1'#+ >,2).+ /"+ &1"+ )-#&+ &1'38+ &1-&+ &1"+ T,Jk,d\+,:+E1!'#&+>-3&".+
&,+ .,4+ O#+ #2%1=+ &1'#+ &1"#'#+ 1-#+ %,3#'."!".+ '&+0,!"+ !"-#,3-/)"+ &,+ -##20"+ &1-&+ '&+>-#+ &1"+
-#?('%G#+ 2#"+ ,:+ &1"! "#$%&'(&%&+ %-&-),82"#+ &1-&+ >-#+ &1"+ 0-'3+ %,3%"!3+ ,:+ ;-2)=+ /"%-2#"+
,3)*+ '3+&1'#+>-*+>-#+ &1"+ -$,#&)"+ -/)"+ &,+>'&3"##=!"($(+*7%.(2251+ &,+ &1"+ .'('3"+$,>"!+ &1-&+
>-#+ 0-3':"#&".+ '3+-3.+ &1!,281+1'#+ ,>3+>"-Q3"##4+O3.+,3)*+ '3+&1'#+ >-*+>-#+ 1"+ -/)"+ &,+
</,-#&<+ ,:+ 1'#+ ,>3+ >"-Q3"##=+ -3+ '."-+ >1'%1+ >,2).+ %"!&-'3)*+ /"+ %,3#'."!".+ &,&-))*+
-/#2!.+ -%%,!.'38+ &,+ &1"+ &1'3Q'38+ ,:+ &1"+ &'0"4+ B2&+ :,!+ ;-2)=+ '&+ >-#+ $!"%'#")*+ &1'#+
$"!%"'(".+ -/#2!.'&*+ &1-&+ 0-."+ 1'#+ 0"##-8"+ ,:+ &1"+ %!,##+ -3.+ 1'#+ ,>3! )*+,&! *"#$(-+%!
H!K$
#2%1+ -+ .!-#&'%+ '3("!#',3+ ,:+ &1"+ #,%'-)+ "&1,#+ ,:+ &1"+ &'0"4+ gP"8"#'#+ ,3+ &1"+ !")"(-3&+
E,!'3&1'-3+ $-##-8"#=+ '4"4=+ F+ E,!4+ V4UKFM+ -3.+ D+ E,!4+ FF4DMKMM+ > ' ) )+ /"+ &1"+%,3%)2.'38+
%1-$&"!+ ,:+ &1"+ &1"#'#4+ W&+ > ' ) )+ &!*+ &,+ #1,>+ &1-&+ &1"! "#$%&'(&%&+ %-&-),82"#+ '3+ ;-2)9#+ ,>3+
/',8!-$1'%-)+ 3,&"#+ >"!"+ 2#".+ &,+ #"!("+ 1'#+ ,("!-))+ $2!$,#"#+ '3+1'#+ E,!'3&1'-3+$,)"0'%#=+
3-0")*=+&,+%1-))"38"+%"!&-'3+$"!%"$&',3#+,:+1'#+%!'&'%#+ >1'%1+ 1"+%,3#'."!".+'3%,0$-&'/)"+
>'&1+ E1!'#&'-3+ &1'3Q'38+ -3.+&,+'3("!&+&1"+%2!!"3&+#,%'-)+"&1,#4+
H8I$
S&45)'*$ Z,3&)1$ R2..'*,03$40-$ &4*-+&,5$4+$ -'6(0+)*4),(0$ (.$ -,=,0'$
5(>'*$,0$&2640$>'4A0'++1$Z?'3'+,+$(.$N$S(*"$L"8CN#$40-$H$S(*"$NN"H#C
##$
8"N$X0)*(-2/),(0$
E1-$&"!+ R'P+ #1,>#+ &1-&+ 8"3"!-))*+ #2::"!'38+-3.+ 1-!.#1'$+ >"!"+ >")%,0".+ -#+ 0"-3#+,:+
$!,('38+ -+ 0-39#+ ('!&2"#+ -3.+ 0-#%2)'3'&*+ >1')"+ E1-$&"!+ R"("3+ #288"#&#+ &1-&+ #2::"!'38+
-3.+ 1-!.#1'$=+ "#$"%'-))*+ '&#+$1*#'%-)+ -#$"%&#=+-)#,+ 1-.+ ("!*! -#?('%G#+ '0$)'%-&',3#+'3+ &1"+
("!*+ #&-&2#K%,3#%',2#+ J!"%,KL,0-3+ #,%'"&*4+ W&+ >-#+ $!,/-/)*+ : !,0+ &1'#! -#?('%G#!
$"!#$"%&'("+ &1-&+ ;-2)9#+ E,!'3&1'-3+ %!'&'%#+ 1-.+ ?2.8".+ &1"+ -$,#&)"4+ 51'#+ &1"#'#+ 1-#+ &-Q"3+
&1"+ ('">+ &1-&+ ;-2)+ 1-.+ 2#".! "#$%&'(&%&+ %-&-),82"#+ &,+ #1,>+ 1,>+ &1"+ .'('3"+ $,>"!+ -3.+
8!-%"+ >"!"+ ."0,3#&!-&".+ '3+ -3.+ &1!,281+ 1'#+ ,>3+ 120-3+ >"-Q3"##=+ '3+ -+ $-!-.,P'%-)+
>-*4+ F+E,!4+ V4UKFM+ -3.+ D+ E,!4+ FF4DMKMM+ -!"+ $!,/-/)*+ -0,38+ &1"+ /"#&+ "P-0$)"#+ ,:+&1'#4+
51'#+ "P"8"#'#+ ,:+ &1"#"+ $-##-8"#+ >' ) )+ &!*+ &,+ #1,>+ &1-&+ ;-2)9#+ '3&"3&',3+ >-#+ %,3#'#&"3&+
>'&1+ 1'#+."&"!0'3-&',3+ &,+ '3("!&+&1"+ #,%'-)+"&1,#+,:+1'#+&'0"4+
8"H$Z?'3'+,+$(.$N$S(*"$L"8CN#$
;-2)9#+ ,$"3'38+ #&-&"0"3&+ '3+ F+E,!4+ V4F+ >-#+ %)"-!)*+ 0"-3&+ &,+ %,!!"%&+ &1"+ E,!'3&1'-3#9+
>!,38+ $"!%"$&',3+ -/,2&+ 1'0+ -3.+ 1'#+ :")),>K>,!Q"!#+>1,+ #1,2).+ ,3)*+ /"+ !"8-!.".+ -#+
<#"!(-3&#+ ,:+ E1!'#&+ -3.+ #&">-!.#+ ,:+ &1"+ 0*#&"!'"#+ ,:+ J,.<+ C'0!'$"5-%4+ k$'-P,2+ Ydki+
,'4Y,'lTh',2d\+ h ' ' H,&! '$c-H(+ G",XH4+ A1')"+ &1"+ >,!.+ <#"!(-3&#<+ 8"3"!-))*+ #288"#&#+ 120/)"+
#,%'-)+ #&-&2#+ -3.+ %,33,&"#+ 120')'&*+ -3.+ 23>,!&1'3"##=+ -%%,!.'38+ &,+ &1"+ %2!!"3&+ #,%'-)+
"&1,#=+ &1"+ $1!-#"+ <#&">-!.#+ ,:+ &1"+ 0*#&"!*+ ,:+J,.<=+ ,3+ &1"+ ,&1"!+ 1-3.=+ '3.'%-&"#+ 8!"-&+
$!'(')"8"+ -3.+ 1,3,2!+ : !,0+&1"+E1!'#&'-3+$,'3&+,:+( ' "> 4 b G G+
f"!#"+ V4b=+"P$!"##".+ '3+&1"+ :,!0+,:+-+0' ).+ !"/2Q"=+ >-#+ I2'&"+ 230'#&-Q-/)*+ ;-2)9#+.'!"%&+
!"#$,3#"+&,+ &1"+ E,!'3&1'-3#9+ #&-&"+,:+0'3.4+ 51"+ Q"*+ >,!.+ 1"!"+ '#$ O,4^5,=',+C<.'::"!"3&<=+
mLRfH=+ >1'%1+ #'0$)"+ 0"-3#+ <?2.8"#<+ ,!+ <.'#&'382'#1"#<4+ W &+ '#+ &1"!":,!"+ -+ 0-&&"!+ ,:+
$"!%"$&',3+ >1'%1+ '3(,)(".+ (-)2"+ ?2.8"0"3&=+ -3.+ >1'%1+ >-#+ &1"+ ("!*+ #,2!%"+ ,:+ &1"+
E,!'3&1'-3+ &!,2/)"$ E-=(/^5,=2JD+ D4FVKF`H4+ S"!"+ ;-2)+ >-#+ 0,#&+ %"!&-'3)*+ !":"!!'38+&,+ &1"+
E,!'3&1'-3#9+ 23>-!!-3&".+ 1'81+ ,$'3',3+ ,:+ &1"0#")("#+ -#+ >"))+ -#+ &1,#"+ >1,0+ &1"*+
#2$$,!&".4+
L"8! =6K=L$ ^'^(5'(b,'=(,$ '()'D! $6M$6! #->*)$"(%'1$ ?c5d$ eY#Wf$ '944,T'244?'C+ YX[! *'5'>*G!
@'$L54(,T"'2(4?'D! %G($ ^ 4 :$ *5',/"! G6NG
$ (22[A4,T"g24hL,'="$ E<T:*'4-@$ @(2$ &4='$ 4::$ @(2$
>40)i$T:*'4-@$@(2$ &4='$V'/(6'$*,/&i$P2,)'$454*)$.*(6$2+$ @(2$ &4='$V'/(6'$A,03+i$
X0-''-D$X$>,+&$)&4)$@(2$ &4-$V'/(6'$A,03+D$+($)&4)$>'$6,3&)$V'$ A,03+$>,)&$@(2i<J$
f"!#"+ U+ '#+ "P$!"##".+ '3+ &1"+ :,!0+ ,:+ !"/2Q"+ -3.+ #-!%-#04+ 51"+ '."-+ ,:+ :2))3"##+ -3.+
!'%13"##+ -#+ >"))+ -#+ /"'38+ <Q'38#<+ %,2).+ 1-("+ %,0"+ : !,0+ E*3'%+ -3.+ R&,'%+ &1'3Q'384+ W3+
g$'%&"&2#9+ ,$'3',3+&1"+ &!2"+ E*3'%+ %,2).+ #-*=+ <A1,=+ >1"3+ 1"+ )-*#9+"*"#+ 2$,3+ 0"=+ .,"#+
3,&+ :"")+&1-&+ 1"+ '#+ #""'38+1'#+ Q'38+ -3.+0-#&"!! <OPQ$ .,g! %3R/G!*G5%! 73G$ 94(,\'4+ 5Xf$ '42)(2$
3"NG$ (,'?4,$ ^4:+R"-&!,P!''\HZ<+_,!",("!=+ '3+E*3'%+ &1'3Q'38=+ &1"+ $1'),#,$1"!9#+ !"'83+ >-#+
-+ <#1-!'38+ '3+&1"+ Q'38)*+ !2)"+,:+n"2#+C-P\$ .?')'?>=! '06.1$ -5?.[/"+ 5XX+ OcTd\H4< b G F+ O%%,!.'38+&,+
&1"+ R&,'%=+ >"-)&1+ CW5O4XX5XE4H=+ Q'38#1'$$ E9h?(,T"',(/JD+ 1-$$'3"##+ C"2`,232H(H=+ -3.+ :!"".,0+
S."$ W4*),0D! :4(-#$A! (&! :(4-('%.0B! 93#! )#'("3.$! .C!:4(-#$A! %0!<(D4%0#! 23$%&'%(0%'A$ Ej'>$_4='0]$
`(0-(01$k4:'$d0,='*+,)@$9*'++D$NKKIJ"$! I N
$ Z5,/)')2+$#"HH"LKD$KO"$
H8H$
C"O"2^"$',%H+%,2).+,3)*+ /"),38+ &,+ &1"+ >'#"+0-34+ A"'##+ 1-#+ #288"#&".+ &1-&+ &1"+ #),8-3+
'3+ &1"+ E,!'3&1'-3+ $-!&'"#+ !":)"%&#+ R&,'%+ '3:)2"3%"4 b G M+f"!*+ 02%1+ '3+ )'3"+ >'&1+ A"'##=+
5"!"3%"+ ;-'8"+ -)#,+ %,3?"%&2!"#+ &1-&+ %"!&-'3+ &"!0#+ -3.+ (,%-/2)-!'"#+ '3+ ;-2)9#+ )"&&"!+
"%1,".+ R&,'%+ &1,281&=+ -3.+ V4U+ '#+ -+("!*+8,,.+ "P-0$)"4 b G V+ ;-'8"+%,3%)2."#+ &1-&+ <#2%1+ -3+
'3:)2"3%"+>,2).+ 3,&+,3)*+ "P$)-'3+&1"+$!"#"3%"+,:+R&,'%K)'Q"+ &"!0'3,),8*=+/2&+ o-)#,]444&1"+
."("),$0"3&+ ,: 4 4 4+-+ 1'81)*+ '3.'('.2-)'#&'%=+ #"):K%"3&!".+ "&1'%#444+#"):K%"3&!".+
#$'!'&2-)'&*4< b G `+ S-*#+ 1,).#+ -+#'0')-!+( ' "> 4 b G T+ S,>"("!=+?2#&+ -#+ '3+,&1"!+ %-#"#=+&1"+ ,!'8'3+
,:+ %"!&-'3+;-2)'3"+ "P$!"##',3#+ -3.+ &"!0#+ -!"+ !"-))*+.':: '%2) &+&,+&!-%"+ >'&1+ %"!&-'3&*4+
;-2)9#+ #-!%-#&'%+ -3.+ '!,3'%-)+ #&-&"0"3&+ >-#+ %)"-!)*+ '3.'%-&'("+ ,:+ 1'#+ .'#$!,(-)+ ,:+ &1"+
E,!'3&1'-3#9+ $"!%"$&',34+51"+ !"/2Q"+ -3.+#-!%-#0+1"!"+/"%-0"+&1"+0,!"+,/(',2#+ -#+ ;-2)+
1-.+ ("!*+120/)*+%,3#'."!".+ 1'0#"):+ -3.+1'#+ :")),>K>,!Q"!#+3,+0,!"+ &1-3+?2#&+<#"!(-3&#+
,:+ E1!'#&<+-&+ &1"+ ("!*+/"8'33'38+,:+&1"+ %1-$&"!4+ S"3%"=+ &1"+ %,3&!-#&+ >-#+/"&>""3+ 120/)"+
<#"!(-3&#<+ -3.+ 1'81)*+ "P-)&".+<Q'38#<4+
S,.8#,3+ &1'3Q#+&1-&+ <1-('38+-/-3.,3".+ ;-2)9#! '/#*2*?%(! .$,.%&+ '3+:-(,2!+,:+-! '/#*2*?%(!
?2*$%(#+ &1"+.'##'."3&#+ -!"+ !"0'3.".+,:+&1"+ -%&2-)+%,3.'&',3#+,:+E1!'#&'-3+) ':"+/"&>""3+ &1"+
-8"#+/*+0"-3#+, :+-+)'#&+,:+;-2)9#+ &!'/2)-&',3#4+51"+ :23%&',3+,:+&1'#+ )'#&+ '#+&12#+ .'.-%&'%+
!-&1"!+ &1-3+ -$,),8"&'%+ -3.+ -2&,/',8!-$1'%-)4<bG b+51'#+&1"#'#=+ 1,>"("!=+ '#+ '3%)'3".+ &,+
&1'3Q+ &1-&+;-2)9#$ ,%'5`()4(`3+ )'#&+>-#! 3*'/+ .'.-%&'%+CF+E,!4+V4TKDFH!(-++ -$,),8"&'%+ -3.+
-2&,/',8!-$1'%-)+ CV4FKV\+N4FKDH4+
! I H
$ 9:2)4*/&D!).$>$NI7IMD$NI7HZ"$! I #
$ l',++D!,#$!@$&'#! E.$%0'3#$F$%#C+$ NO8CK"$! I L
$ %'*'0/'$ 94,3'D$ ;R)(,/,+6D$ ')42B'5,4$ 40-$S(6620,)@$ 4)$ S(*,0)&;D$ ,0$ a"$l,:A,0+$40-$%'*'0/'$ 94,3'$
E'-+"JD! 8.$&3%"+! 93#.4.*A! (01!)%0%&'$A! %0!'3#!@($4A! 23D$/3! B! @&&(A&! %0! G.0.D$! .C!6(4"3! <>! )($'%0!
ER&'..,':-$1$aRU%D$ NKKHJD$ N8ICK#D$ 4)$N8L"$! I O
$ 94,3'D$ ;R)(,/,+6;D$ NKH"$! I 7
$ _4@+D!H%$&'! 2.$%0'3%(0&+$ !I"$! I !
$ _(-3+(0D$ ;942:;D$7O"$
H8#$
51'#")&,3+ /")'"("#+ &1-&+ F+E,!'3&1'-3#+ FKFV+ 1-("+ #1,>3+ <&1"+ "('."3%"+ ,:+/,&1+ -+ !"-)'7".+
"#%1-&,),8*+ -3.+ -3+ "3&12#'-#&'%+ &1",),8*+ ,:+&1"+ R$'!'&4<+ 51'#")&,39#+ #288"#&',3+ -/,2&+
&1"+ E,!'3&1'-3#9+ <!"-)'7".+ "#%1-&,),8*<+ %,2).+$"!1-$#+/"+ %,23&"!K/-)-3%".+ /*+ B-!%)-*9#+
('">4+ B-!%)-*+ 1-#+ $!,/)"0+ >'&1+ &1,#"+ >1,+ &"3.+ &,+ '3&"!$!"&+ &1"+ E,!'3&1'-3+ &1",),8*+
#'0$)*+ -#+ -3+ "P-0$)"+ ,:+ <!"-)'7".+ "#%1-&,),8*<+ /-#".+ ,3+ V4U4+ 6,!+ B-!%)-*+ < ' &+ '#+
'0$,!&-3&+ &,+ /"+ ->-!"+1,>+;-2)9#+ $"!#$"%&'("+ ,3+ &1"+ E,!'3&1'-3+%12!%1+ &"3.#+ &,+%,3&!,)+
,2!+ ."#%!'$&',3+ ,:+ &1"04+ W3+;-2)9#+ ('">+ &1"+ :!"".,0=+ Q3,>)".8"+ -3.+ #$'!'&2-)+"%#&-#*+
"3?,*".+ /*+ &1"+ E,!'3&1'-3#+ %,3#&'&2&".+ -+ :-)#")*+%)-'0".+ $!"K"0$&',3+ ,:+ "#%1-&,),8'%-)+
8),!*4<+B-!%)-*+ '#+ !'81&+ '3+&1'3Q'38+ &1-&+ <&1"+ E,!'3&1'-3#+ -$$-!"3&)*+ #""+ 3,&1'38+$'&'-/)"+
-/,2&+ &1"+ $!"#"3&=+ /"%-2#"+ &1"'!+ 3,3K-$,%-)*$&'%+ $"!#$"%&'("+ -3&'%'$-&"#+ 3,+ !-.'%-)+
.'#?23%&',3#+ '3+ &1"+ :2&2!"4+ 51"'!+ R$'!'&K:'))".+ )'("#+ -!"+ 3,&+ -3+ "-!)*+ "P$"!'"3%"+ ,:+ &1"+
:2&2!"\+ &1"*+ #'0$)*+ %,3#'."!+ &1"0#")("#+ &,+ 1-("+ !"-%1".+ &1"+ 1"'81&#+ ,:+ 120-3+
$,&"3&'-)4< b G N+ W :+B-!%)-*+ '#+ !'81&=+ &1"+ >,!.+ <-)!"-.*<! <$63$6L+ >1'%1+ ,%%2!#+ &>'%"+ '3+ V4U+
#'0$)*+ 0"-3&+ &1-&+ &1"+ E,!'3&1'-3#+ 1-.+ %,3#'."!".+ &1"0#")("#+ <&,+ 1-("+ !"-%1".+ &1"+
1"'81&#+ ,:+ 120-3+ $,&"3&'-)<=+ &,+ 2#"+ B-!%)-*9#+ "P$!"##',34+ A1"&1"!+ '&+ >-#+ 51'#")&,39#+
<!"-)'7".+ "#%1-&,),8*<+ ,!+ B-!%)-*9#+ <1"'81&#+ ,:+ 120-3+ $,&"3&'-)<=+ ;-2)+ 1-.+ &,+ #&"!3)*+
!"0'3.+ &1"+ E,!'3&1'-3#+ &1-&+ &1"+ >1,)"+ &1'38+ >-#! -*'! 5#'8SST+ 51"+ #-!%-#0+ ,:+ ;-2)9#+
#&-&"0"3&+ >-#+ ,/(',2#+ -3.+ #&!,38@+ <-3.+ >,2).+ &1-&+ *,2+ .'.+ !"'83=+ #,+ &1-&+ >"+ 0'81&+
#1-!"+&1"+ !2)"+>'&1+ *,2i<+51"+ #'0$)"+ :-%&+>-#=+ ,:+%,2!#"=+ &1-&+ &1"+ E,!'3&1'-3#+>"!"+ <3,&+
*"&<+ '3+-+$,#'&',3+&,+"'&1"!+ !"'83+,!+!2)"4+
L"K$ OXYJH! A("+$ 7! I#.J$*54/]+ 5Xfm]$ -,*(4?(\(2/$ '(?4)(2/$ -,*'R',R'=$ 4>]$',2B4=42(2,]D+ X5W+
B'4)5(=! KA#-$C%7#-+ 5Cp+ YXXqXH+ YXEW$ -@='T?,^]$ ^ 4 :$ -=I5/[,*(,h]"$ E<F(*$X$ )&,0A$ )&4)$ B(-$
! I 8
$ %&,+':)(0D$ ;Q'4:,G'-$Z+/&4)(:(3@$ 4)$S(*,0)&;D$,0!23$%&'%(0%'A+$ NI!CN8D$4)$NN8"$! I K
$ <M2)$-,-$)&'! 2.$%0'3%(0&$ +''$ )&',*$'?5'*,'0/'$4+$*':4)'-$ )($40$'+/&4)(:(3,/4:$ ),6'C.*46'$ :,A'$)&,+m$Y,-$
)&'@$/(0+,-'*$ )&4)$)&'@$&4-$4:*'4-@$'0)'*'-$)&'$ .2)2*'D$ (*$-,-$)&'@$+,65:@$ 0()$ (5'*4)'$>,)&$942:;+$ )@5,/4:$
/(0)*4+)$V')>''0$5*'+'0)$40-$.2)2*'m<$4+A'-$M4*/:4@$E;%&'++4:(0,/4$40-$S(*,0)&;D$7LJ"$! N I
$ M4**'))$)&,0A+$ )&4)$ <)&'$ S(*,0)&,40+$4*'$V'&4=,03$ 4+$ ,.$)&'$ 43'$ )($/(6'$>'*'$ 4:*'4-@$/(0+2664)'-D$ 4+$
,.$ )&'$ +4,0)+$ &4-$4:*'4-@$ )4A'0$(='*$)&'$A,03-(6$ EY40"$!"N8J]$.(*$)&'6$)&'*'$ ,+$0($ ;0()$ @');$ )($n24:,.@$ )&'$
;4:*'4-@;$(.$*'4:,G'-$'+/&4)(:(3@<!L93#!H%$&'! @"%&'4#+$ NIKJ"$
H8L$
!"#$%&!'(')%*$+#$",-#).%#$ "#$."#)$-/$"..0$"#$)!-+1!$#%2)%23%*$ )-$*%")!0$(%3"+#%$4%$
!"5%$(%3-6%$"$#,%3)"3.%$)-$)!%$4-7.*0$)-$"21%.#$"2*$6-7)".#89:$
!"# $%&# '()*# +(,# ,-./012-,# +13.-*4# (",# +1.# 4-**5676508-0.# (.# 9.-0:(";.9# (",# (.#
9.;-6(0,.9%#<-#"56#(==*1-,#;+-#;-03#9(=5.;*-.9# 1"#$%>#;5#+13.-*4# (.#6-**# (.#;5#5;+-0.%#
?-"@.;504# 1.# 01@+;# 1"# (..-0;1"@# ;+(;# 1"# ;+-# AB#'()*# 6(.# )",5)2;-,*C# 9;+-#/*(..1/(*#
0-=0-.-";(;1:-#54#;+-#(=5.;*-.+1=9%#B+1.#6(.#*(0@-*C#,)-#;5#;+-#:-0C#,0(3(;1/#"(;)0-#54#
+1.#/(**1"@#(",#;+-#-D;0(50,1"(0C#0("@-#54#+1.#31..15"(0C#(",#=(.;50(*#(/;1:1;1-.#E&F%&GH%#
B+-#=5*-31/.#(",#(=5*5@-;1/.#'()*#6(.#-"@(@-,# 1"#(*.5#/5";012);-,#(#*5;#;5#+1.#,--=#
.-".-#54# (=5.;*-.+1=# (",# /(**1"@%I&&# J);# (=5.;*-.+1=# 6(.# 1".-=(0(2*-# 4053#();+501;C#
6+1/+# ("# (=5.;*-# 6(.# -D=-/;-,# ;5# -D-0/1.-%# K)""# 2-*1-:-.# ;+(;# 9;+-# 5==50;)"1;C#;5#
/53=(0-#'()*L.# ;+-5*5@C#(",#+1.#=0(/;1/-#1.#"56+-0-#.5#=0531.1"@#(.# 1"#;+-#/(.-# 54#
(=5.;5*1/#();+501;C%%%%<-#+(,#,-35".;0(;-,#+1.#(=5.;5*1/#/5331..15"1"@#2C#+1.#.)//-..#
1"# 45)",1"@#/+)0/+-.%#M",#;5#;+5.-#/+)0/+-.# (;# *-(.;# +-#6(.#("#(=5.;*-%%%%'()*N#;+-"N#
601;-.#+1.#*-;;-0.#;5#+1.#/+)0/+-.#=0-/1.-*C#(.#;+-10#(=5.;*-9%I&O#
P50#'()*N#;+-#650,.#9-D+121;-,9#(",#9.-";-"/-,# ;5#,-(;+9#(",#9.=-/;(/*-9#/5)*,#6-**#2-#
1";-",-,#;5#0-31",#+1.#0-(,-0.#54#Q+01.;L.#56"#/0)/141D15"%#M",#(.#("#(=5.;*-#54#Q+01.;#
/0)/141-,N#'()*#6(.#(*.5#-D=-/;-,#;5#6(*8#1"#;+-#.;-=.#54#+1.#R(.;-0%#S+(;#'()*#.(1,#+-0-#
1"#$%>#"5;#5"*C#/5";0(.;-,#35.;#.;05"@*C#61;+#$%TN#;+-#105"C#6(.#-U)(**C#.;05"@V#6+1*-#
;+-#Q501";+1(".#6+5#56-,#'()*#;+-#@5.=-*# +(,#/5".1,-0-,# ;+-3.-*:-.# ;5#2-#981"@.9N#
'()*N#;+-#3-..-"@-0#54#;+-#@5.=-*#(",#+1.#4-**56#(=5.;*-.# "56#(==-(0-,# *18-#3-"#6+5#
+(,#2--"#9.-";-"/-,# ;5#,-(;+9%#W-;N#;+-#+)3("*C#(==(**1"@#/5",1;15"#54#'()*#.+5)*,#"5;#
; < <
$ =%21#)-7/0!"#$"$ <8>?;8$; 0 @
$ A+220! "%&!"%&'(')*! '+!,-.(! /%&!01'2/(&$ BC*'2(+71!D$E$F$E$G."7H0$ <IIJ:0$K;<L@8$
@JK$
;(8-#("C5"-#2C#.)0=01.-N#(.#X(0*#'*("8#+(.#01@+;*C#52.-0:-,N#9+)31*1(;15"#(",#(44*1/;15"#
/+(0(/;-01Y-,#+1.#(=5.;*-.+1=#E$%>7&ZH%9I&Z#
'*("8#1.#01@+;# 1"#;+1"81"@# ;+(;#,-.=1;-#+1.#52:15).#.(0/(.3# (",#(==(0-";# ("@-0N#6+1/+#
6(.#133-,1(;-*C#45**56-,#2C#(#.;(08#/5";0(.;#2-;6--"#;+-#Q501";+1(".L#+1@+*C#9-D(*;-,9#
.;(;-#(",#;+-#(=5.;*-.L# =1;1(2*-#/5",1;15"N#'()*L.#=)0=5.-#6(.#9;5#0--.;(2*1.+#+1.#=5.1;15"#
54#=0--31"-"/-#(35"@#;+-3#(.#;+-10#.=101;)(*$'E")7',#E$%&$7&FHN#"5;#;5#.+(3-#;+-3%9I&$#
S+(;# 45**56.# 4053# $%T# 6-0-# -:-"# .;05"@-0# 650,.# 54# .(0/(.3# 61;+# /5".1,-0(2*-#
-*(250(;15"#1"#$%>7&Z%#'()*#6(.#+-0-#=(1";1"@#(#:-0C#:1:1,#(",#35:1"@#=1/;)0-%#<1.#.-*47
/5"/-1;-,#Q501";+1("#Q+01.;1(".#=052(2*C#;+5)@+;#;+(;#;+-C#6-0-#"56#5//)=C1"@#(#35.;#
/533(",1"@# =5.1;15"# 1"#("# (0-"(# 50# (#;+-(;0-# *18-# 981"@.9N#[).;# 6(1;1"@# 450#(#@0-(;#
=05/-..15"# ;5#@0(,)(**C#=(..#1"#405";#54#;+-3%#B+-#=05/-..15"# 6(.#+-0(*,-,#2C#.53-#
:1/;5015).# @-"-0(*.# 6+5# 6-0-# [).;# 0-;)0"1"@# 4053# (# @0-(;# /5"U)-.;%# \(.;# 1"# ;+-#
=05/-..15"# 6-0-# ;+5.-# /(=;)0-,# .5*,1-0.#6+5#+(,#(*0-(,C#2--"# 9.-";-"/-,# ;5#,-(;+9#
345/!56-7.8! 9'7&:;# !;#6(.#=052(2*C#1"#;+(;#81",#54#/5";-D;#;+(;#'()*#.=58-#(25);#2-/531"@#
9(# .=-/;(/*-# E]-(;=5:N# 9;+-(;0-9H# ;5# ;+-# 650*,N# ;5# ("@-*.# (",# ;5# 3-"9%# <-0-#'()*#
1";-";15"(**C#*18-"-,#+13.-*4#(",#+1.#4-**567(=5.;*-.#;5#93-"#.-";-"/-,# ;5#,-(;+9%#^)/+#
(#:1:1,#=50;0(C(*#54#+13.-*4#(",#+1.#4-**567(=5.;*-.#1"#@0-(;# 105"C#6(.#/*-(0*C#3-(";#;5#
=05:58-#;+-#.-*47/5"/-1;-,#(",#+()@+;C#Q501";+1(".%#
_4# /5)0.-N#6+(;#'()*#+(,#=50;0(C-,#/5)*,#(*.5#2-#(#.+56#1"#;+-#;+-(;0-# 0(;+-0#;+("#(#
=05/-..15"%# B+-0-# 6(.# (*.5# .53-# -44-/;1:-#(",# 35:1"@# 925,C# *("@)(@-9# 1"# '()*L.#
=50;0(C(*%#S-*250"#.)@@-.;.#;+(;#;+-#;-03#]-5/D=5:#*1;-0(**C#3-(".#9L(#=*(/-#450#.--1"@LN#
-.=-/1(**C#,0(3(;1/#=-04503("/-.%#!;#6(.#(#=*(/-#).-,#1"/0-(.1"@*C#450#=)2*1/#(..-32*1-.#
; < ?
$ M"7.$N8$O."2H0!,-.(!-<=!/%&!>?'<*! '+!0++(5@/5'<$ BN)."2)"D$P3!-."7#$O7%##0$<IJ;:0$<Q8$; < >
$ R."3H0!A&-4<&22B$ <S>8$
@JQ$
1"# ;+-#-(0*C#-3=10-N#/500-.=5",1"@# ;5#;+-#@0561"@#.1@"141/("/-#54#;+-#;+-(;0-# 1"#=)2*1/#
*14-%#B+-"N#]-(;=5:#3-(".#L6+(;#5"-#.--.#(;#(#;+-(;0-N#(#=*(C%L9#S-*250"#;+1"8.#;+(;#91;#1.#
1"# ;+-# *(;;-0# .-".-.# ;+(;# '()*# ).-.# ;+-# ;-03# +-0-N# (",# "5;# 1"# ;+-# @-"-0(*# .-".-#54#
L.=-/;(/*-L9%I&F# S-*250"# .)@@-.;.#;+(;# (**).15".#;5#;+-#313-#(0-#=0-.-";#;+05)@+5);#&#
Q50%#&7$%I&`#S-*250"L.#;+-.1.#0-.;.#5"#(#:-0C#/0)/1(*#+C=5;+-.1.N# 1%-%N#;+(;#'()*#6(.#"5;#
5"*C#4(31*1(0#61;+#;+-#9/531/7=+1*5.5=+1/#;0(,1;15"9#2);#(*.5#+(,#/5"./15).*C#(,5=;-,#1;#
=0-/1.-*C#1"#;+-#6(C#;+(;#^5/0(;-.#(",#M-.5=#+(,#,5"-N#450#+1.#56"#=)0=5.-.%#B+(;#;+-#
6-**#-,)/(;-,#(=5.;*-#65)*,#2-#4(31*1(0#61;+#;+-(;01/(*#6508#.)/+#(.#313-#.--3-,#;5#2-#
2-C5",#0-(.5"(2*-#,5)2;%#J);#;5#.)@@-.;#;+(;#+-#+(,#.;0(;-@1/(**C#(,5=;-,#;+-#05*-#54#;+-#
961.-#455*9#1.#U)1;-#(#,144-0-";#3(;;-0%#M",#;+-0-# 1.#.13=*C#"5#.5*1,#-:1,-"/-# ;5#.+56#
;+(;# '()*# +(,# 1"#4(/;# 45**56-,# ;+-# =0(/;1/-# 54#^5/0(;-.# (",# M-.5=%# S+-"#^5/0(;-.N#
M-.5=#(",#'()*#6-0-#=);#5"#;+-#.;(@-#1"#9;+-(;01/(*9#/5";-D;N#;+-0-#65)*,#52:15).*C#2-#
.53-# =51";.# 54# .131*(01;C%# <56-:-0N# 5"-# .).=-/;.# ;+(;# 1"# 0-(*# *14-N# ;+5.-# (==(0-";#
.131*(01;1-.#31@+;#;)0"#5);#;5#2-#4(0#*-..#/5":1"/1"@%#B+(;#'()*#+(,#0-@(0,-,# +13.-*4#;5#
2-# (# 81",# 54# (# 9455*9N# (",# ;+(;# +-# 6(.# (*.5# 2-1"@# =);# 5"# (# 81",# 54# 9.;(@-9# (.# (#
9.=-/;(/*-9# E$%>N#&GH#450#;+-#.(8-#54#;+-#@5.=-*N#.+5)*,#"5;#2-#/5"4).-,#61;+#S-*250"L.#
;+-.1.#;+(;#'()*#+(,# 1"#4(/;#,-*12-0(;-*C#(..)3-,#;+-# 05*-#54#(#313-N#=0-/1.-*C# 1"#;+-#
Q531/7'+1*5.5=+1/#B0(,1;15"#54#;+-#]0-/57?53("#650*,%#a:-"#@0(";-,#;+(;#'()*#+(,#1"#
4(/;# (..)3-,# ;+-# 05*-# 54# ;+-# 9455*9# (",# (,5=;-,# ;+-# 9455*L.# .=--/+9# 450#+1.#56"#
=(0;1/)*(0# =)0=5.-.N#S-*250"#31@+;#+(:-#)"61;;1"@*C# 5:-0# .;0-;/+-,# +1.# =(0(**-*.#2C#
1,-";14C1"@# ;+-# (=5.;*-# ;55# /*5.-*C# 61;+# ^5/0(;-.# (",# M-.5=%# '-0+(=.N# ;+5.-#A-6#
B-.;(3-";# ./+5*(0.#6+5#905);1"-*C#,1.31..#;+-#"5;15"#;+(;#'()*#,-01:-,#;+-#05*-#54#;+-#
455*#(",#;+-#@-"0-#54#;+-# L455*L.#.=--/+L# EO#Q50# &&%&7&OH#4053#;+-#]0--8# (",#?53("#
313-9#31@+;#6-**#+(:-#(#:(*1,#=51";%I&I#
K
$ T%.(-720!C''(B$ K<8$Q
$T%.(-720!C''(B$ KSL>8$;
$T%.(-720!C''(B$ ?8$
@J;$
B+1.-*;5"#;+1"8.#;+(;#9'()*#1";05,)/-.#;+-#3-;(=+50#54#(#@0-(;#=(@-(";N#1"#6+1/+#
/0131"(*.N#=01.5"-0.N#50#=054-..15"(*#@*(,1(;50.#=05/-..#;5#;+-#@*(,1(;501(*#01"@N#61;+#;+-#
(=5.;*-.#201"@1"@#)=#;+-#0-(0#(.#;+5.-#6+5#3).;#41@+;#;5#;+-#,-(;+%%#%%B+-#3(1"#:-02#54#
;+-#.-";-"/-#1.!-<4D/55&7# E(501.;#54$3(7-P%+"U++8'0#=);#5"#,1.=*(CH%#!;#1.#).-,#1"#;+-#/5";-D;#
54#,1.=*(C1"@#;+-(;01/(*#-";-0;(1"3-";.# 50#@*(,1(;501(*#.+56.%9I&T#S+-;+-0#1;#6(.#
S-*250"L.#9313-9N#50#B+1.-*;5"L.#9=(@-(";9N#'()*L.#=51";#0-3(1"-,#.)441/1-";*C#/*-(0#
6+-"#+-#).-,#;+-#650,#9.=-/;(/*-9# 1"#$%>%#S+(;#1.#0-(**C#=052*-3(;1/#(",#U)-.;15"(2*-N#
(.#4(0#(.#;+1.#;+-.1.#1.#/5"/-0"-,N#1.#;+-#:-0C#/*5.-#/53=(01.5"#6+1/+#P1;Y@-0(*,#+(.#
,0(6"#2-;6--"#;+-#]0-/57?53("#.(@-#(",#'()*#61;+#0-@(0,.#;5#;+-#).-#54$)7%,'-)"-MV8$
P1;Y@-0(*,L.#/53=(01.5"#1.#1"(==05=01(;-#.13=*C#2-/().-#;+-#6+5*-#105"C#54#'()*#1"#;+1.#
Q501";+1("#=(..(@-#6(.#/*-(0*C#"5;#/5"/-0"-,#61;+#;+-#-D+121;15"#54#+1.#56"#3("*C#
9:10;)-.9#(;#(**N#(.#6(.#;+-#/(.-#61;+#;+-#.(@-%#<56-:-0N#P1;Y@-0(*,#1.#=-0/-=;1:-#(25);#
'()*L.#.81*4)*#).-#54#=(0(,5D#1"#+1.#105"1/(*#(,35"1;15"N#(*;+5)@+#P1;Y@-0(*,#,5-.#"5;#
;+1"8#;+(;#'()*#+(,#41"(**C#(//53=*1.+-,#+1.#=)0=5.-%I&>#
B+1.-*;5"#"5;-.#;+(;#;+-#650,$ %EE'J"5"E'%5bc#1.#5"*C#).-,#+-0-#1"#;+-#ABN#2);#1;#(==-(0.#1"#
;+-#\dd#450#;+5.-#;+056"#;5#;+-#*15".#EJ-*#(",#;+-#K0(@5"#Z&H%#^/+0(@-#;+1"8.#;+(;#;+-#
1,-(#54#9,-(;+9#+-0-#3(C#2-#.)@@-.;1:-#54#;+-#.+(01"@#61;+#Q+01.;#1"#+1.#/0)/141D15"%#
'()*L.# 0-4-0-"/-# ;5# 9;+-# 650*,N# ;5# ("@-*.# (",# ;5#3-"9# EBQ ! E'-F5/*# e(;# ,CW-d5Xc#XQQ!#
,C]=/ "5XcH#.--3-,# ;5# .)@@-.;# .53-# 81",# 54# 9/5.31/9# .1@"141/("/-#54# ;+-# (=5.;5*1/#
31"1.;0CN#1"/*),1"@#;+-#.)44-01"@#(",#=5..12*-#3(0;C0,53#54#;+-#(=5.;*-.%#
>8<S# 4ff1%g*bc# E1/(=5*# )D#d=1505:N# -! /*1'75F5'5! 47# d=15D/=h# B1i-11c! -'6&7&56B# f1-1bc#
T-#\5D)=517#))7-;/%#g:`5i51N#41)7-;/N!G4#(;1)3%$ B9T%$"7%$/--.#$/-7$)!%$#"H%$-/$G!7'#)0$(+)$
E!'#%.)-20!"%&!C5?2/! H152/(&B$ ?KI8$
W')X1%7".*0!I?-@42B$ <>J8$
P3!7"1%0$"#$3')%*$(Y$E!'#%.)-20!"%&!C5?2/! H152/(&B$ ?QS8$
@JJ$
Y-+$"7%$4'#%$'2$G!7'#)$T%$"7%$4%"H0$(+)$Y-+$"7%$#)7-218$Z-+$"7%$!%.*$'2$!-2-+70$
(+)$4%$"7%$'2$*'#7%,+)%89:$
B+-#105"C#54#'()*#/5";1")-.# 1"#$%&G#61;+# ;+0--#.-;.#54#.(0/(.;1/# /5";0(.;.%#B+-#'()*1"-#
105"C# 6+1/+# 6(.#-".+01"-,# 1"#;+-# ;+0--# /(;/+650,.#)/5=5c#E455*1.+HN! .'6&7?F6#E6-(8HN#
(",# (;1j[N5bc#E,1.+5"50H#6(.# (*0-(,C#=0-.-";# 1"# &%&T44%#B+-#650,# bC[ \]V\bcN#6+1/+#3-(".#
9.=*-",1,9N# 9@*5015).9# 50# 90-.=-/;-,9# 1.# 1"# .+(0=# /5";0(.;# ;5# ;+-# ;-03# (;1)5/N#
9,-.=1.-,9N# 91".1@"141/(";9#50#9,1.+5"5)0-,9%#B+-#650,$ \GE^_\bc#E96-#(0-#1"#,1.0-=);-9H#
1"#$%&G#/*-(0*C#+(,#.5/1(*#.;(;).#1"#31",#1"#;+-#Q501";+1("#/5";-D;N#61;+#.=-/1(*#0-4-0-"/-#
;5#;+5.-#6+5#6-0-#=550#(",#6-(8#(",#6-0-#;+).#;0-(;-,#61;+#,1.0-.=-/;# 1"#;+-#]0-/57
?53("#.5/1-;C%#!"#;+-#/5";-D;#54#;+-#;+-(;01/(*#3-;(=+50#1"#;+-#]0-/57?53("#;0(,1;15"N#
;+-#;-03! -;J5F5K6#/5)*,#(*.5#2-#).-,#450#=)2*1/#-";-0;(1"-0.# .)/+#(.#(/;50.#(",#@*(,1(;50.#
6+5# 54;-"#+(,# "5# 56"-0.+1=# 54# ;+-3.-*:-.N# (",# ;+).# +(,# "5# 0-(*# .5/1(*# .;(;).%IO&#
B+-1..-"#.)@@-.;.#;+(;#;+-#.5/1(*#/53=5.1;15"#54#;+-#Q501";+1("#/+)0/+#6(.#,1:-0.-#(",#
.--3-,#;5#2-#,531"(;-,#2C#;+5.-#6+5#/(3-#4053#;+-#)==-0#/*(..c#(",#$%&G#0-4-0.#;5#;+-#
;+0--#/(;-@501-.#54#+1@+#0("81"@#=-5=*-#410.;#3-";15"-,#1"#&%O #7#;+-#61.-N#;+-#=56-04)*N#
(",# ;+-# "52*-# 210;+%# a(/+# ;-03# +(.# (# .;05"@# .5/15*5@1/(*# .1@"141/("/-N#(",# 9'()*#
/5";0(.;.# +1.#/10/)3.;("/-.# 61;+#;+5.-#54#;+-#Q501";+1(".#1"#;-03.#2-(01"@#1",1.=);(2*-#
.5/15*5@1/(*#13=*1/(;15"%#P50#-D(3=*-N#'()*#6508.#61;+#+1.#+(",.%%%%<-#1.#L;+-#0-4).-#54#
;+-#650*,N#;+-#544./5)01"@#54#(**#;+1"@.#E&#Q50%#$%&&7&ZH%9LIOO#
_4#;+-#;+0--#.-;.#54#/5";0(.;#2-;6--"#;+-#9455*.9#E)5k=5;H#(",#;+-#961.-9#E/i=5:1)3Hc#;+-#
96-(89# E,5]-:-*@H# (",# ;+-# 9.;05"@9# E*5D)=5;Hc# (",# 2-;6--"# ;+5.-# 9+-*,# 1"#+5"5)09#
E-:F51c51H#(",#;+5.-#91"#,1.0-=);-9$ B"E'+-':0#;+-#650,#9455*.9#1"#;+-#410.;#.-;#54#/5";0(.;.#
,-.-0:-.# .53-# .=-/1(*# ;0-(;3-";# +-0-N# 1"# :1-6# 54# 1;.# /5""5;(;15".# (",#13=*1/(;15".#
; @ <
$ T%.(-720!C''(B$ QSL<8$; @ @
$ E!%'##%20! "%&!L'@5-(! L&//5<)B$;?0$;<L@8$
@JI$
6+1/+#6-0-#35.;#=052(2*C#4(31*1(0#;5#25;+#;+-#Q501";+1(".#(",#'()*#+13.-*4%#R50-5:-0N#
'()*L.#56"#.-*47,-.1@"(;15"#(.#(#9455*9#450#Q+01.;L.#.(8-#6(.#;+505)@+*C#/5".1.;-";#61;+#
+1.#-(0*1-0#,-./01=;15"#54#;+-#9;+-#3-..(@-#54#;+-#/05..9N#"(3-*CN#;+-#Q+01.;1("#@5.=-*#(.#
945**C9#;5#;+5.-#6+5#0-4).-,#;5#2-*1-:-#E&%&TN#O&N#OZH%#
B+-#/531/7=+1*5.5=+1/#;0(,1;15"#6(.#2(.-,#5"#;+-#.5/1(*#-;+5.#54#]0-/57?53("#650*,%#
S+-0-(.# 1"# ;+-# /(.-# 54# '()*# ;+-# /5"/-=;# 54# 455*# ,-01:-,# -..-";1(**C# 4053# +1.#
)",-0.;(",1"@# 54#;+-#/05..#54#Q+01.;%#M.#S-*250"#+(.# 01@+;*C# .;(;-,N# 92-/().-#54#;+-#
-:-";#54#;+-#/0)/141-,#Q+01.;N#'()*#+(.#/53-#;5#2-*1-:-#;+(;#]5,#+(.#/+5.-"#;+-#"5;+1"@.#
(",#"525,1-.9%IOZ#M.#.)/+N#'()*L.# (==05=01(;15"#54#;+-# 05*-#54#;+-# 9455*9#450#Q+01.;L.#
.(8-#6(.# 9(#3(;;-0# 54#;+-5*5@CN#54#4(1;+9%#S-*250"# ;+1"8.#;+(;#'()*L.# (,5=;15"#54#;+-#
05*-#54#(#455*#6(.# 1".=10-,N#(;#*-(.;#1"#=(0;N#2C#Q+01.;L.#56"#/0)/141D15"#(.#6-**# (.#;+-#
.)44-01"@.#54#+1.#410.;#,1./1=*-.%IO$#
'()*L.# *("@)(@-# (25);# +1.# .-*47,-.1@"(;15"# (.# ;+-# 9455*9# 6(.# "5;# 5"*C# 105"1/(*# (",#
0+-;501/(*N# 1;# +(,# (*.5# .)2;*C# ,-35*1.+-,# (**#61.,53# ;+(;# 6(.# +)3("*C# /5"/-1:-,N#
2-/().-#14#'()*L.#9455*1.+"-..9#6(.#1",--,#;+-#6(C#50#;+-#61.,53#;+(;#]5,#+(,#/+5.-"#
1"# +1.#,-(*1"@.# 61;+# +)3("#-D1.;-"/-# (",#=0-,1/(3-";N# ;+-0-# 65)*,# 2-# (2.5*);-*C#"5#
=*(/-#450#+)3("#961.,539%#M.#.)/+N#;+-#.(0/(.3#54#'()*L.#45**561"@#.;(;-3-";# 7#9C5)#
(0-#61.-#1"#Q+01.;9#7#6(.#133-,1(;-*C#(==(0-";%#
!"# ;C=1/(**C# '()*1"-# =(0(,5DN# ;+-# .;05"@#/5";0(.;# +-# .-;# 2-;6--"# ;+-# 96-(89# (",# ;+-#
9.;05"@9# (.# 6-**# (.# 2-;6--"# 9+5"5)09# (",# 9,1.0-=);-9# 6(.# )*;13(;-*C#;+-# /5";0(.;#
2-;6--"# ;65#,1(3-;01/(**C#5==5.-,# 650*,# :1-6.%#B+1.# 1.# ;+505)@+*C#/5".1.;-";# 61;+#
'()*L.#1":-0.15"#54#;+-#/)00-";#.5/1(*#-;+5.%#
; @ ?
$ T%.(-720!C''(B$ @KS8$; @ >
$ T%.(-720!C''(B$ @KS8$
@IS$
M.#R5D"-.#+(.# 01@+;*C# "5;-,N# 9;+-# 410.;#Q+01.;1("#/533)"1;1-.#6-0-#=(0;# 54#(#*(0@-0#
+5"5)0#(",#.+(3-#/)*;)0-#1"#;+-#]0-/57?53("#650*,#54#;+-#410.;#/-";)0C%#B+-C#.+(0-,#
3("C#-*-3-";.# 54#;+1.#*(0@-0#/)*;)0-%9# B+-#;-03#+5"5)0! 3=5)<5/-2:B# 6+1/+#6(.#2(.-,#
5"#=56-0N#*14-7.;C*-N#(",#6-(*;+N#6(.#;+-#=01"/1=(*#/01;-015"#54#*-@(*#=01:1*-@-#1"#?53("#
*-@(*#=0(/;1/-%#
P053#;+-#:1-6=51";#54#;+1.#;+-.1.N#6+(;#A-C0-C#.(C.#(25);#9.+(3-9#1.#:-0C#3-("1"@4)*V#
9Q5";-3=;N# *5..# 54# 4(/-N# ,-4-(;N# (",# 01,1/)*-# (**# ,-./012-# .+(3-N# ;+-# *5..# 54#
+5"5)0%%%%^+(3-# /("# 2-# (./012-,# 50# (/+1-:-,%# M#3(@1.;0(;-# 3(C# (./012-# .+(3-#2C#
,-/*(01"@#5"-# @)1*;C#(",#.5#650;+C#54#=)2*1/#4*5@@1"@#EO#Q50%# &&%OZ7OFH%%%%W-;#.+(3-#
3(C# 2-# (/+1-:-,# 2C# 5"-L.# 45**C# 50# 2C# /56(0,1/-# (",# 4(1*)0-# ;5# 0-.=5",# ;5# (#
/+(**-"@-%9IOI# !"#;+-# /(.-#54#'()*N# .+(3-#/5)*,#2-# .(1,# ;5# 2-# 25;+# 9(./012-,9# (",#
9(/+1-:-,9%#<1.#Q501";+1("#/01;1/.#+(,#52:15).*C#=5)0-,#/5";-3=;#)=5"#'()*#6+-;+-0#
+1.# .+(3-#6(.# (./012-,# 50# (/+1-:-,N# (",# ;+-# *(;;-0#6(.#=-0+(=.#350-#/5";-3=;12*-N#
2-/().-N#;5#250056#;+-# -D=0-..15"# 54#A-C0-CN#'()*#+(,#0-4).-,#9;5#=(0;1/1=(;-# 1"#;+-#
+5"5)07@(1"1"@#@(3-.#/+(0(/;-01.;1/#54#3(*-.N#(",#;+).#201"@#/5";-3=;#5"#5"-.-*4%9IOT#
M.#;+-#410.;#;65#=(0;.#54#;+1.#;+-.1.#+(:-#(*0-(,C#.+56"N#25;+#/0)/141D15"#1"#(";1U)1;C#(",#
]0-/57?53("#0+-;501/#-..-";1(**C# 1":5*:-,# 925,C#*("@)(@-9%# B+-#.(3-#1.#*(0@-*C#;0)-#
61;+# ;+-! 1&?52/-252# /(;(*5@)-.# 1"# '()*L.# Q501";+1("# /500-.=5",-"/-%# M.# .)/+N# ;+-#
45**561"@# .;(;-3-";# 1"# 6+1/+#A-C0-C# /*5.-*C# (..5/1(;-.#+5"5)0# 61;+# 3("L.#25,C#1.#
=(0;1/)*(0*C#3-("1"@4)*V#9;+-#25,1*C#@0(33(0#450#+5"5)0#6508.#(*.5#450#.+(3-%#!4#;+-#
+5"5)0(2*-# =(0;.# 54# ;+-# 25,CN# ;+-# +-(,# (",# 4(/-N# (0-# .;0)/8N# .=(;# )=5"N# .*(==-,N#
`-&2%#0$ Ua-2-7U0$?Q8$
b%Y7%Y0$ UP!"6%$U0$ <KQ8$
b%Y7%Y0$ UP!"6%U0$ <KJ8$
b%Y7%Y0$ UP!"6%U0$ <KJ8$
@I<$
2*1",45*,-,N$-7#5;+-061.-#3(*;0-(;-,N#.+(3-#-".)-.%%%%!4#5"-#1.#=)2*1/*C#.;01==-,#"(8-,N#
4*5@@-,N#=(0(,-,#2-450-#;+-#/056,.N#(",#*-,#;+05)@+#;+-#.;0--;.N#5"-#1.#.+(3-,%9IO>#
!"#Q501";+#'()*L.#+5"5)0#6(.#/*-(0*C#350-#/+(**-"@-,#;+("#/*(13-,%#!"#4(/;#;+-#353-";#
6+-"#'()*#9,-/1,-,#;5#8"56#"5;+1"@9#(35"@#;+-#Q501";+1(".N#9-D/-=;#l-.).#Q+01.;N#(",#
+13#/0)/141-,9#E&#Q50%#O%OHN#(",#/(3-#;5#Q501";+# 91"#6-(8"-..#(",#1"#4-(0#(",#1"#3)/+#
;0-32*1"@9#EO%ZHN#+-#+(,#:10;)(**C#.)00-",-0-,# (**#+1.#/*(13#;5#9+5"5)09#(.#4(0#(.#]0-/57
?53("#.5/1-;C#6(.#/5"/-0"-,%#'()*#+(,#/5".-U)-";*C#3(,-#+13.-*4#35.;#:)*"-0(2*-#1"#
(# 35.;# .;(;).7/5"./15).# .5/1-;C%# M",# C-;N# =(0(,5D1/(**CN# 1;# 6(.# =0-/1.-*C# 1"# +1.#
:)*"-0(21*1;C# ;+(;#;+-#3-..-"@-0#54#;+-#/05..#.5)@+;# ;5#,-35".;0(;-# ]5,L.# =56-0#(",#
61.,53#1"#(",#;+05)@+#Q+01.;#6+5#+(,#-(0*1-0#3(,-#+13.-*4#:)*"-0(2*-%#
>8<<$ "&,'$ &/cdV$ ",)'$ 4,3"V$ M-*$ '7%'5'P''%5$ '3"]$ P''.m))7-:$ M".# C))85'E%+-+8%'U$ '3"]$
M-e3Mf"G-2%g"$ M".$ *-)"E-\/'%5$ B9E-$)!%$,7%#%2)$!-+7$4%$"7%$!+217Y$"2*$)!'7#)Y0$4%$
"7%$,--7.Y$3.-)!%*$"2*$(%")%2$"2*$!-6%.%##09:$
!"#3(08-,#/5";0(.;#;5#;+-#Q501";+1(".L#;+1"81"@#;+(;#;+-C#6-0-#"56#-"[5C1"@#;+-#4)**"-..#
(",#81"@*C# 0-1@"#=0531.-,#2C#Q+01.;N#'()*#.),,-"*C#0-.=5",-,# 61;+# (#35.;#,56"7;57
-(0;+#(",#@013#.;(;-3-";N#2-@1""1"@#4053#$%&&N#;5#,-./012-#;+-#(=5.;*-.L# =0-.-";! L5/8! 5M!
9&D&<# E*14-#.1;)(;15"H%#B+-#=+0(.-#9;5#;+-#=0-.-";#+5)09$BFeO<
$ FOEh
$ F,"dVi#6(.#U)1;-#
/-0;(1"*C#3(,-# 61;+# /5".1,-0(2*-# -3=+(.1.%# _"-#/5)*,#(*35.;#+-(0#'()*# .(C1"@N#93C#
,-(0#401-",.#1"#Q501";+N#6+1*-#C5)#3(C#;+1"8#;+(;#C5)#+(:-!-(?&-=*# 0-(/+-,#;+-#4)**"-..#
54# C5)0#Q+01.;1("#-D=-01-"/-N# ;5# ;+-# =0-.-";# +5)0N#6-#(0-# .;1**! <'/!*&/FN# B+-#=1;14)*#
=+C.1/(*#/5",1;15"#;5#6+1/+#'()*#6(.#+-0-#0-4-001"@N#3(C#2-#0-@(0,-,#(.#*(0@-*C#;0)-%#B5#
("#50,1"(0C#=-0.5"# 1"#;+-#,(C.#54#'()*N#;+-#(=5.;*-#54#;+-#"56#+1@+*C#-D(*;-,#X1"@#(",#
; @ I
$ b%Y7%Y0$ UP!"6%U0$<KJ8$
@I@$
\50,#.+5)*,#2-#9+)"@0C#(",#;+10.;C9#(",#2-#9=550*C#/*5;+-,9#6(.#(2.5*);-*C#4(0#2-C5",#
("C#=5..12*-#+)3("#13(@1"(;15"N#*-;#(*5"-#2-1"@#92-(;-"#(",#+53-*-..9n# '()*L.#925,C#
*("@)(@-9# 6(.# )"31.;(8(2*-# +-0-%# o",-0# "503(*# /10/)3.;("/-.N# ;+-# .;(;).# 54# ("#
(32(..(,50#65)*,#"(;)0(**C#2-#-D=-/;-,# ;5#/500-.=5",# 61;+#;+-#5"-#6+5#.-";#+13%#J);#
;+1.#6(.# /*-(0*C#"5;# ;+-#/(.-#61;+# '()*# (",# +1.# 4-**56#(=5.;*-.#1"#;+-#-C-.#54#5;+-0.%#
M"5;+-0$-M"5P-*-5]$
M//50,1"@# ;5#\)/1("N#+)"@-0# 6(.# ;+-# /5335"# -D=-01-"/-# (",# /53=*(1";#54#(0;1.(".#
3L-/;#Z&H%#'()*L.#/5",1;15"#1"#;+1.#:-0.-#E10-1:/5)-:# X_o# ;:1m/Ff[%p)H#31@+;#6-**#2-#*1;-0(**C#
;0)-%#M//50,1"@#;5#\)/1("N#9*(25)0-0.# (0-#2(0-*C#(2*-#;5#.)==*C#;+-3#61;+#[).;#-"5)@+9#
3C.);#&O7&ZH%#<-#-*(250(;-,V# 9C5)#.--# 14#C5)#@-;# (#.1"@*-#.(",(*#,5"-#2-450-#;+-#.)"#
01.-.#C5)#61**# 2-#3)/+#(+-(,#-(0"1"@#C5)0#,(1*C#20-(,%%%%B(8-#/(0-N#+56-:-0N#;+(;#C5)#
,5"L;#,0-(3#C5)#(0-#01/+#(",#;+-"#.;(0:-#6+-"#C5)#6(8-#)=9! 3O-((;# &H%#!"#;+-! I-/-1(.2B!
;+-#/522*-0#R1/C**).# .;1**# +(,#;5#4(/-#+)"@-0# -:-"# ;+5)@+#+-# *(25)0-,# 450#3("C#*5"@#
+5)0.!3I-/;#OGH%#
B+-#:-02!*7F575J&7.P! 3*F5F57GJ?F@Q# "5)"H#1"#;+1.#:-0.-#.(1,#4(0#350-#;+("#[).;#=550#/*5;+1"@N#
2-/().-#1;#6(.# (*.5#1",1/(;1:-#54#;+-# *56#.5/1(*#.;(;).#54#;+-#=-0.5"# 6+5#6(.#9=550*C#
/*5;+-,9%#M;#;+-# ;13-#54#'()*N# @55,#/*5;+1"@#6(.# -D=-".1:-N# (",# 5"*C#;+-# 01/+#/5)*,#
(4450,#1;%#!"#;+-#650,.# 54#R-@@1;;N#9;+-# 13=50;("/-# @1:-"#;5# /*5;+1"@#(.# (#3-(".#54#
(0;1/)*(;1"@# .5/157-/5"531/# ,1.;1"/;15".# 1"#(";1U)1;C#(*.5#.)@@-.;.#;+(;# 1;#"-/-..1;(;-,#
.1@"141/(";# 41"("/1(*#5);*(C%9IZG# l):-"(*# 61;"-..-,# ;+(;# ;+-# =550# 6-0-# 54;-"#2-1"@#
01,1/)*-,#450#;+-10#,0-..1"@V# 954# (**#;+-#65-.#54#*)/8*-..#=5:-0;C#"5"-#1.#+(0,-0#;5#-",)0-#
;+("#;+1.N#;+(;#1;#-D=5.-.#3-"#;5#01,1/)*-9!3L-/;#Z%&$I7FOH%#
`%11'))0! ,'7&?/*B$ Q<8$ P%%$ g'.*"#$ a"6%.0! ,'7&?/*! -<=! I%-?5/*! 5<! R'M&! ,-(&2/5<&B! C5?2/! "%?&&!
I&</.?5&2! I;!H;$BR%7H%.%YD$_2'5%7#')Y$-/$G".'/-72'"$O7%##0$<IIS:0$ K;LI?8$
@I?$
B+-# :-02! EKSTU933SP# /5)*,#+(:-# (#61,-#0("@-# 54#3-("1"@.N# 4053# :15*-";#2-(;1"@# ;5#
=+C.1/(*#+(03.#50#1"[)01-.#/().-,#2C#+(0,#3(")(*#*(250#.)/+#(.#'()*L.#;-";73(81"@#6508N#
(",#;+-#*(;;-0#65)*,#"(;)0(**C#13=*C#;+-#*56# .5/1(*#.;(;).#54#(#.*(:-7*18-#(0;1.("%#
A5;# .)0=01.1"@*CN#S-*250"#;01-.# ;5# =);# ;+-# 650,# 92)44-;-,9$BM-e"E21E "->(N#920);(**C#
;0-(;-,9# 1"# A!qN# (",# 92-(;-"9# 1"#A?^qHIZO# 1"# ;+-# /5";-D;# 54# ;+-# 313-V# 9!;#1.# "5;#
,1441/)*;# ;5# /53=0-+-",# 6+C# ;+-# 2-(;1"@# 54# ;+-# 455*# =05:1,-,# (3).-3-";V# ;+-#
-D=*("(;15"#*1-.#1"#;+-#/53=*-D#.5/1(*#4)"/;15"#54#;+1.#;+-(;01/(*#;C=-%#P50#;+-#01/+#1"#;+-#
(),1-"/-N# ;+-# 2*56.# ;+(;# 0(1"-,# ,56"#)=5"# ;+-# 455*L.#2(*,#+-(,#6-0-# (# .1@"# 54#+1.#
+-*=*-.."-..#(",#+)31*1(;15"N#(",#;+).#6-*/53-#0-31",-0.# 54#;+-#=56-0#54#;+-#01/+#;5#
1"4*1/;# =)"1.+3-";N# (",# ;+-10# 1":)*"-0(21*1;C#;5# .)/+# 31.;0-(;3-";%9IZZ# M@(1"N# 1;# 1.#
,1441/)*;#;5#2-#/-0;(1"#14#'()*#(/;)(**C#+(,#;+-#313-#1"#31",#1"#;+1.#(.#6-**#(.# 1"#5;+-0#
.131*(0#/5";-D;.%#
!"# +1.#0-.-(0/+#5"#]0-/57?53("# )02("#+5).1"@N#?(3.-C#R(/R)**-"#+(.#0-3(08-,#;+(;#
9"5# 5"-# +(.# .5)@+;# 4(3-#;+05)@+#;+-# -D/(:(;15"# 54#.*)3.%9IZ$#B+-#(0;1.(".#"503(**C#
*1:-,# (",# 6508-,#1"# .3(**#6508.+5=.! 3/-D&?<-&:;VWX# R-@@1;;#(*.5# ;01-.# ;5# .+56# ;+(;#
9"-(0*C#;+-#-";10-!1(&D2! .?D-<-# *1:-,#1"# L(==(**1"@#.*)3.L9%IZ`#
>8<@$ M".$ M-'7hEZf1-:# -=W(p f[N-:51# D(*bc# ;^1(11c# D-=51:# M%51 5=5)f1-:51# -)M%5C5))%-:N#
15X5)7-:51#(:-D f1-G(N$ B9"2*$4%$ 17-4$ 4%"7Y$ /7-6$ )!%$ 4-7H$ -/$ -+7$ -42$ !"2*#8$
T!%2$ 7%5'.%*0$ 4%$ (.%##V$ 4!%2$ ,%7#%3+)%*0$ 4%$ %2*+7%V9:$ <?# )(/201)75)i-:51#
; ? <
$ E!'#%.)-20!"%&! C5?2/!H152/(&B$ ?Q@8$; ? @
$ P%%$6-7%$-2$(-*Y$9(%")'21#9$'2$)!%$.'1!)$-/$ j$;8?8$; ? ?
$ T%.(-720!C''(B$ ;SL<8$; ? >
$ `"3`+..%20!R'M-<! L'@5-(! R&(-/5'<2! XY!ZI!/'!0#![\]$Bb%4$a"5%2D$Z".%$_2'5%7#')Y$O7%##0$<I;>:0$I?8$; ? K
$ N8$T".."3%La"*7'..0!^'.2&2! -<=!L'@5&/*! 5<!,'M1&55! -<=!^&?@.(-<&.M$ BO7'23%)-2D$O7'23%)-2$_2'5%7#')Y$
O7%##0$ <II>:0$ <?I8$N8$R+7/-7*0!I?-+/2M&<! 5<!0<@5&</! O?&&4! -<=!R'M-<! L'@5&/*$ B^)!"3"D$G-72%..$_2'5%7#')Y$
O7%##0$ <I;@:0$;I8$; ? Q
$ `%11'))0! ,'7&?/*B$ QQ8$k8$Z"5%)X0$ 9E!%$ h'5'21$G-2*')'-2#$-/$ )!%$_7("2$O.%(#$'2$=%,+(.'3"2$=-6%U0$'2$
=8$ P%"1%7$B%*8:0! "%&! I?5252! '+! /%&! R'M-<! R&1.D(5@$ BG"6(7'*1%D$T8$a%//%7$F$P-2#0$ <IQI:0$ <Q@L;I8$
@I>$
'7","M"N8-++8%5$ '7%,'M"I",c'8"EV"$ E\_$ M\\a\_! 4*_<F6?FF5&7B$ )7"5)-"5$ EE%,'lc722"$ %"&V$",&'8$
B94!%2$#."2*%7%*0$4%$#,%"H$H'2*.Y8$T%$!"5%$(%3-6%$.'H%$)!%$7+(('#!$-/$)!%$4-7.*0$
)!%$*7%1#$-/$"..$)!'21#0$)-$)!'#$5%7Y$*"Y89:$
'()*#/5";1")-,#61;+# +1.#,-./01=;15"#54#;+-#(=5.;*-.L# (==(**1"@#*1:1"@#/5",1;15"#1"#$%&O7
&Z%#<1.#/5"4-..15"#(25);#@0561"@#96-(0C9#4053#;+-#6508#54#;+-10#56"#+(",.#5"/-#(@(1"#
1",1/(;-,#;+-#,-3(",# (",#2)0,-"#54#3(")(*#*(25)0%#!;#6(.#"5;#5"*C#;+-#3(")(*#*(25)0#
;+(;#6(.# ,1441/)*;#450#'()*# (",# +1.# 4-**56#(=5.;*-.# ;5#2-(0%#B+-# .5/1(*# .;1@3(#;+(;#1;#
205)@+;#;5#;+-#*(25)0-0.#6(.#-U)(**C#2)0,-".53-# (",#+)31*1(;1"@N#(.#R(0;1"#+(.#01@+;*C#
/533-";-,V# 9;+-# ,(;1:-# di'mh[N# 61;+# 5)0# +(",.# E:%#&OHN# 1.# 1".;0)3-";(*N# (",# /(**.#
(;;-";15"#;5#;+-#.;(;).#54#3(")(*#*(25)0N#6+1/+#6(.#1"#@-"-0(*#,-.=1.-,# 1"#]0--8#/)*;)0-#
2C#;+5.-#6+5#.-/)0-,# ("#1"/53-#1"#5;+-0#6(C.%9IZI#B+-#.57/(**-,# 9,1@"1;C# 54#*(25)09#
6(.#/-0;(1"*C#("#(2.5*);-*C#"5:-*#1,-(#;5#=-5=*-#54#'()*L.#;13-%#
B+-#96-9#+-0-#7# 96-#*(25)0N#65081"@#61;+#5)0#56"#+(",.9#7# /5)*,#-1;+-0#*1;-0(**C#0-4-0#
;5#'()*#61;+#.53-#54#+1.#4-**567(=5.;*-.#(",#/576508-0.#50#5"*C# ;5#'()*#+13.-*4%#!4#1;#
6-0-#;+-#4503-0N#5"-# 65)*,#35.;#"(;)0(**C#;+1"8#54#MU)1*(N# (#4-**56#l-6#6+53#'()*#
410.;#3-;#1"#Q501";+#(",#6+5#6(.#954#;+-#.(3-#;0(,-9#(.#'()*#EM/;.#&T%&7ZH%#B+-#4(/;#;+(;#
'()*#6(.#(#81",#54#9;-";3(8-09# 65)*,# ();53(;1/(**C#201"@#+13#,56"#;5#;+-#:-0C# *56#
.5/1(*#.;0(;(#54#;+-#]0-/57?53("#.5/1-;CN#450#0-(.5".#6+1/+#+(:-#2--"#@1:-"#-(0*1-0#1"#
/+(=;-0# I%#<5/8L.#0-.-(0/+#5"#;+-#.5/1(*N#-/5"531/N#(",#=+C.1/(*#/5",1;15".#54#'()*L.#
;0(,-# +(.# *-,# +13# ;5# 3(8-# (# 0(;+-0# /0-,12*-# .)@@-.;15"# ;+(;# '()*L.# +)"@-0N# ;+10.;N#
"(8-,"-..#(.#6-**# (.#5;+-0#.5/1(*#.;1@3(#(",#(2).-#+-#250-#6-0-#/*5.-*C#0-*(;-,#;5#+1.#
3(")(*#*(25)0#(.#(#;-";3(8-0%#I Z T# !4#3(")(*#*(25)0#6(.#(#3(;;-0#54#'()*L.#56"#/+51/-N#
(",# ;+-# 0-.)*;(";# 6-(01"-..# 6(.# 1"#;+1.# .-".-#.-*471"4*1/;-,N#0-:1*1"@# (",# =-0.-/);15"#
; ? ;
$ `"7)'20!I'?5</%5-<! Z'=*B$ ;ILJQ8$; ? J
$ a-3H0!"%&!L'@5-(! I'</&J/B$ ?K8$
@IK$
6-0-#/-0;(1"*C#"5;%#'()*L.#,-;-031"(;15"#"5;#;5#0-;(*1(;-#/5)*,#2-#.(1,#;5#2-#=(0;#54#+1.#
5M5/-/5'! I%?52/5;# S+1*-#;+1.#31@+;#2-#(#@55,#9:10;)-9#4053#;+-#Q+01.;1("#=-0.=-/;1:-N#1;#
6(.#)"31.;(8(2*C#(#2*(;(";# .1@"#54#6-(8"-..#(",#/56(0,1/-#(//50,1"@#;5#;+-#]0-/57
?53("#.5/1(*#-;+5.#54#;+-#;13-%#
^)=-041/1(**C#650,.#1"#$%&ON#.)/+# (.$ N%51F5=5)f(-1c51# E90-:1*-,9H#(==-(0#5"*C# *18-#.53-#
81",# 54#:-02(*# (2).-%#S-*250"L.# .;),CN# +56-:-0N# 1",1/(;-.# ;+(;# .53-;+1"@# 4(0#350-#
.-015).# /5)*,#2-# 13=*1-,# +-0-V# 9M",#(@(1"N# =0-,1/;(2*CN#:-02(*# (2).-#,-:5*:-.# 1";5#
=+C.1/(*#:15*-"/-#7#+1;;1"@N#.=1;;1"@N#-;/%#7#1"#;+-.-#=(..(@-.N#(.#1;#,5-.#1"#&#Q50%#$%&O%9IZ>#
!4# S-*250"L.# 0-(,1"@# 1.# /500-/;N# '()*L.# 0-4-0-"/-# ;5# =-0.-/);15"# 133-,1(;-*C#(4;-0#
0-:1*1"@#65)*,#3(8-#:-0C#*5@1/(*#.-".-%#
l).;#(.# 1"#$%&&#E9;5#;+-#=0-.-";#+5)09HN#;+-#-D=0-..15"# 96-#+(:-#2-/53-9! 34*&7F:6?FF5`7:!
(",#9(0-#"569#E50#9)";1*#"569N#-/5c#(=D1r#1"#$%&Z#=05:1,-,#(#:-0C#(=;#(",#.;(08#/5";0(.;#
;5#;+-#.-*47-*-:(;-,#.;(;).#54#;+-#Q501";+1(".%#'()*L.#41"(*#.;(;-3-";# 1"#$%&Z#(==-(0.#*18-#
(#81",#54#/5";1")(;15"#54#;+-#;+5)@+;#1"#$%>N#&G%#S-*250"#;+1"8.#;+(;#1;#1.#9;+-#/*13(D#54#
;+-# (//5)";9N#2-/().-#'()*#6(.# +-0-#-/+51"@# 9;+-#[),@-3-";# 54#;+-# 650*,# )=5"#;+-#
/*56"1.+# (=5.;*-.%9# B+-# ;65# ]0--8# 650,.# +-0-N$ E7%,'M"g",/'")"# E90)221.+9H# (",#
2%,'i0=(# E9,[email protected]# 6-0-# 9;+-# 650.;# ;-03.# 54#(2).-# 1"# ;+-# ]0--8# *("@)(@-%9I$G#A5#
65",-0#<(C.# ;+1"8.#;+(;#'()*L.#.;(;-3-";# .+5)*,#"5;#2-# 9)",-0=*(C-,9#+-0-N#2-/().-#
9'()*#1.#.(C1"@#1"#;+-#.;05"@-.;#=5..12*-#;-03.#;+(;#;5#2-#(#45**56-0#54#Q+01.;#1.#;5#.+(0-#
+1.#,-.;1"C#54#2-1"@#./50"-,#(",#0-[-/;-,#2C#;+-#650*,%9I$&#l),@-N#6+5#+(.#/5".1.;-";*C#
1".1.;-,#;+(;#'()*#/(3-#4053#;+-#+1@+#0("81"@#.-/;50#54#;+-#]0-/57?53("# .5/1-;C#61;+#
6-**72(*("/-,#9.5/1(*#U)(*141/(;15".9N#1.#/*-(0*C#=-0/-=;1:-#6+-"#+-#.(C.#;+(;#9;+1.#.5/1(*#
,1.;1"/;15"#-D=*(1".#+1.#/5".;(";# .-".1;1:1;C#;5#;+-#+)31*1(;15".#+-#.)44-0-,#4053#;13-#;5#
; ? I
$T%.(-720!C''(B$ J<8$; > S
$ T%.(-720!C''(B$ ;I0$JS8$; > <
$ a"Y#0!C5?2/! I'?5</%5-<2B$ ;@8$
@IQ$
;13-%%%%*# Q50%#$%&Z# 1.#/-0;(1"*C#"5;#;+-#/53=*(1";#54#(#=-0.5"# ;5#6+53#.5/1(*# (4405";.#
6-0-#"503(*%#_"#;+-#/5";0(0CN#;+-C#(0-# 4-*;#(.# 1",1@"1;1-.#+-#5)@+;#"5;#;5#+(:-#2--"#
.)2[-/;-,#;5%9I$ O#J);#R-@@1;;N#6+5#+(.#(..1@"-,#'()*#;5#;+-#.5/1(*#@05)=1"@#54#;+-#=550N#
(0@)-.#;+(;#91"#?53("#*(6#/5,-.N#;+-0-#6(.#(*35.;#("#1"41"1;-#:(01-;C#54#6(C.#(#=-0.5"#
/5)*,#.)44-0#1".)*;%#!;#1.#)"*18-*C#;+(;#("C5"-N#+56-:-0N#*56#1"#;+-#.5/1(*#=-/81"@#50,-0N#
65)*,# +(:-#2--"# /5";-";# ;5#2-# ;0-(;-,# (.# L;+-# 41*;+# 54#;+-#650*,L$ B'E%,'M"S*,+")"$ E\_#
M\\_\_HN# L;+-#5447./5)01"@#54#(**#;+1"@.L! 37-7J.57# 10n,')fm0ff1(H#(.#l),@-#.--3.#;5#13=*C%#B5#
45**56#l),@-L.#0-(.5"1"@#1"#;+1.#(0-(#1.#)*;13(;-*C#;5#,-"C#;+-#+)3("1;C#54#;+-#=550#1"#
;+-# 410.;# /-";)0C%9I$Z# S+1*-# R-@@1;;L.# /01;1/1.3# 54#l),@-# 1.# 0(;+-0# )",-0.;(",(2*-N#
-.=-/1(**C# 4053#;+-#=-0.=-/;1:-# 54#35,-0"1;C#1"#6+1/+# +)3("# ,1@"1;C# (",#01@+;.#(0-#
54;-"# ;(8-"# 450#@0(";-,N# 5"-# .).=-/;# 54#;+(;# R-@@1;;L.# :1-6# 1.# 0(;+-0# 1,-(*1.;1/#(",#
.-";13-";(*#6+-"#=);#1"#;+-#=05=-0#/5";-D;#54#;+-#.5/1(*#-;+5.#54#'()*L.# ;13-%# !4# '()*L.#
9.5/1(*#U)(*141/(;15".9#6-0-#1",--,#(.#13=0-..1:-#(.#l),@-#+(.#=);#1;N#;+-#105"C#54#'()*L.#
.;(;-3-";# 65)*,#2-/53-# ;+-#350-#.;(0;*1"@%#B+1.#1.#2-/().-#;+-#@0-(;#3([501;C#54#;+-#
Q501";+1(".# 6-0-# 35.;# =052(2*C# (35"@# ;+5.-# 6+5#6-0-# 9*56#(",# ,-.=1.-,# 1"# ;+-#
650*,9# E&%OTH#.5/1(**C%#J);#;+-.-#/+5.-"# 5"-.#54#]5,#+(,#"56#;+5)@+;#;+(;#;+-C#+(,#
92-/53-#01/+9#(",#+(,#92-/53-#81"@.9#E$%TH%#_"#;+-#5;+-0#+(",N#(#=-0.5"#61;+#;+-#01@+;#
9.5/1(*#U)(*141/(;15".9N#+(,! 5?'<5@-((*B# 2-/53-#9*18-#;+-#0)221.+#54#;+-#650*,N#;+-#,0-@.#
54# (**#;+1"@.9#E$%&ZH%#<56-:-0N#;5#'()*#6+5#6(.# 4)**C#,-;-031"-,#;5#1":-0;# ;+-#.5/1(*#
-;+5.#54#+1.#;13-N#.)/+#105"C#"-:-0#/(3-#(.#(#.)0=01.-%#
S+1*-# 0-:1*1"@N# =-0.-/);15"# (",#.*(",-0# ,10-/;-,#(@(1".;# '()*# (",#+1.#4-**567(=5.;*-.#
6-0-# 1**71";-",-,N# ;+-# (=5.;*-.L# 0-.=5".-#7# 96-#2*-..9N# 96-# -",)0-9# (",# 96-#.=-(8#
81",*C9#7#/5)*,#5"*C#2-#,-01:-,#4053#;+-#R(.;-0#6+5#+(,#@5"-#;+05)@+#4(0#350-#;+("#
; > @
$ o+*1%0! "%&!L'@5-(! ,-//&?<B$ KJ8$; > ?
$ `%11'))0!,'7&?/*B$ IS8$
@I;$
;+-.-#(=5.;*-.#+(,# .5# 4(0#-D=-01-"/-,%# M",#.)/+# 9=56-09#6(.# (@(1"#=(0(,5D1/(**C#
,-35".;0(;-,# 1"#;+-#(==(0-";#96-(8"-..9#54#;+-#(=5.;*-.%#
\("@)(@-N# 1"#25;+#:-02(*#(",# 925,C9#4503.N#+(.# (*0-(,C# 2--"# .+56"#;5#2-# :1;(*#1"#
'()*L.#,-(*1"@#61;+#;+-#/53=*1/(;-,#(",#/53=*-D#Q501";+1("#.1;)(;15"%#'()*L.# *("@)(@-#
1"#$%T7&Z#1.#[).;#("5;+-0#@55,#-D(3=*-%# '*("8#+(.#.)33-,#)=#;+1.#13=50;(";#=51";#U)1;-#
6-**V# 9'()*# /5"405";.# ;+-# Q501";+1("# .1;)(;15"# (03-,# 61;+# ;+-# 6-(=5".# 54# 105"C%#
B+05)@+#;+-#/(0-4)*#).-#54#105"1/#*("@)(@-#+-#/+(**-"@-.#;+-#Q501";+1("#.C.;-3#54#:(*)-#
(",#(..-0;.#;+-#450/-#54#+1.#56"#4)",(3-";(*#/5":1/;15".%9I$F#M*;+5)@+#;+1.#=(..(@-#54#
$%T7&ZN#[).;#*18-#5;+-0.# 1"#;+-#Q501";+1("#/500-.=5",-"/-N# 6(.#=);#1"#;+-#4503#54#105"C#
(",#.(0/(.3N# '()*L.# 1";-";15"#0-3(1"-,#=5.1;1:-N#2-/().-#;+5.-#650,.N#+56-:-0#.;05"@#
(",#,1.;)021"@N#6-0-#)*;13(;-*C#3-(";#;5#=05:58-#(",#/500-/;#(;#;+-#.(3-#;13-%#
J8?$C&%1%#'#$-/$@$G-78$ <<8@?L??$
B+-#=5*-31/(*#(",#(=5*5@-;1/#"(;)0-#54#O#Q50%#&&%OZ7ZZ#1.#/*-(0#01@+;#4053#;+-#.;(0;#54#
&&%&7 N#1"#6+1/+#'()*#;(*8-,#(25);#+1.#56"#9455*1.+"-..9#E&&%&Hc#(25);#;+-#Q501";+1(".#
2-1"@#9*-,#(.;0(C9#2C#;+5.-#6+5#=05/*(13-,#9("5;+-0# l-.).9#(",#9(#,144-0-";#@5.=-*9#
E&&%ZN#$H%#P)0;+-0# 1";5# ;+-# /+(=;-0# '()*#3(,-# 0-4-0-"/-# ;5#;+5.-#6+5#6(";-,#9;5#2-#
0-/5@"1Y-,#(.# 5)0#-U)(*.9# E&&%&OH%#'()*#,-./012-,# ;+5.-#925(.;-0.9#(.# 94(*.-#(=5.;*-.N#
,-/-1;4)*#6508-0.9N#6+5#6-0-#9;+-#31"1.;-0.9#54#9^(;("9# E&&%&Z7&FH%#l-00C#^)3"-C#+(.#
;01-,#;5#*1"8#;+-.-#931"1.;-0.9#;5#;+-#9'"-)3(;1/.9#6+5.-#9=56-04)*#,-3-("5)0#1"/*),-.#
0-/5)";1"@# .)//-..-.# (",# :1.15"(0C# -D=-01-"/-.N# (.# 6-**# (.# ,-3(",1"@# =(C# (",#
52-,1-"/-%9I$`#<(".5"#;+1"8.#;+(;#9'()*L.# 5==5"-";.# 1"#Q501";+#6-0-#l-61.+#Q+01.;1(".#
; > >
$ E!%$,"7"*-&$-/$4%"H2%##$"#$#-+73%$-/$,-4%7$"#$'2$<$G-78$ <8<JL@?8$; > K
$ O."2H0!0++(5@/5'<B$ ??8$; > Q
$ o8$ h 8$P+62%Y0! >=&</5+*5<)! ,-.(a2! '11'<&</2b! "%&!6.&2/5'<! '+! c&/%'=! 5<! [! I'?5</%5-<2$ BP!%//'%.*D$
oP\E$O7%##0$<IIS:0$ <JI0$ <IS8$
@IJ$
1"4*)-"/-,#2C#]0--8#=+1*5.5=+CN#="-)3(;1/.%9# B+1.#;+-.1.#1.#350-#1"/*1"-,#;5#-",50.-#
'-;-0#R(0.+(**L.#0-(,1"@V#9;+-#01:(*#(=5.;*-.#(0-#=052(2*C#0+-;501/(**C#;0(1"-,%%%(",#+(:-#
(;;012);-,#;5#;+-3.-*:-.#;+5.-#:10;)-.#(",#,--,.#6+1/+#2-*5"@#;5#;+-#;0(,1;15"(*#6(C.#54#
3-(.)01"@# (#=-0.5"L.#@0-(;"-..%#B5@-;+-0# 61;+# ;+-10#Q501";+1("#(..5/1(;-.#6+5#.+(0-,#
;+-.-#:(*)-.N#;+-C#+(:-#-D=-/;-,#("#(=5.;*-#;5#2-#(#3("#54#/)*;)0-N#2(.1"@# ;+1.#5"#;+5.-#
U)(*1;1-.# 6+1/+# ;+-C# +(:-# (./012-,# ;5# ;+-3.-*:-.# 1"# ("# 5=-"# (",# )"(.+(3-,# .-*47
,1.=*(C%#B+-C#+(:-#,-=1/;-,# '()*# (.# (#.5/1(**C#(",# 1";-**-/;)(**C#)"(//-=;(2*-#=-0.5"#
6+5#4(1*.#;5#3--;#;+-# .;(",(0,.#54#(=5.;*-.+1=#6+1/+#;+-C#2-.;#-D+121;%#<1.#.=--/+#1.#
)"0-.;0(1"-,%%%# %<1.#=+C.1/(*#(==-(0("/-#1.#01,1/)*5).#(",#.+(3-4)*#(.#2-41;.#(#455*%9I $ T#
B56(0,.#;+-#31,,*-#54#;+-#/+(=;-0#'()*#410.;#3(,-#1;#/*-(0#;5#;+-#Q501";+1(".#;+(;#+-#6(.#
(/;)(**C# "5# 9455*9# E&&%&`H%#<56-:-0N# 14#;+-# Q501";+1(".# 0-(**C# ;+5)@+;# ;+(;# +-#6(.# (#
9455*9# +-# 65)*,#925(.;# (# *1;;*-9# (",# .=-(8# 9(.# (# 455*9# E&&%& N# &IH%#B+-# /5"/*),1"@#
.;(;-3-";#1"#&&%&T#6(.#:-0C#13=50;(";V#9.1"/-#3("C#25(.;#(//50,1"@#;5#+)3("#.;(",(0,.#
BM")"$ -",M"0#350-# *1;-0(**CN#9(//50,1"@# ;5#;+-#4*-.+9HN#!#61**# (*.5#25(.;9%#B+1.#.;(;-3-";#
6(.# 13=50;(";#2-/().-N#+(,#'()*# "5;#2--"#=05:58-,#2C#;+-#Q501";+1(".N# +-#65)*,#"5;#
+(:-#.=58-"#*18-#(#9455*9#(.#+-#,1,#1"#;+1.#/+(=;-0N#-.=-/1(**C# ;+-#=(..(@-#1"#&&%OZ7ZZN#
6+1/+#1.#.53-;13-.#,-./012-,# (.#9;+-#455*L.#.=--/+9N#-%@%N#2C#J(00-;;NI$>#^)3"-CNIFG#(",#
R)0=+C7_LQ5""50%# !"#5;+-0#650,.N#1;#6(.#5"*C#450#=5*-31/(*#(",#(=5*5@-;1/#=)0=5.-.#
;+(;#+-#+(,#0-*)/;(";*C#/+5.-"#;5#.=-(8#9*18-#(#455*9#1"#+1.#/5"4*1/;#61;+#;+-#Q501";+1("#
9455*.9#E&%&>H%#
; > ;
$ N8$E8$a"2#-20!"%&!,-?-='J! '+! /%&!I?'22! 5<!/%&!"%'.)%/! '+!L/!,-.($ BP!%//'%.*D$oP\E$O7%##0$ <IJ;:0$ J;LJ8$; > J
$ O8$ `"7#!"..0! H<M5/*! 5<! I'?5</%b! L'@5-(! I'<7&</5'<2! 5<! ,-.(a2! R&(-/5'<2! d5/%! /%&! I'?5</%5-<2!
BE+('21%2D$`-!7LP'%(%3H0$ <IJ;:0$ ??IL>S8$; > I
$ R"77%))0!L&@'<=! H152/(&B$ @JJ8$ P%%$=".,!$O8$`"7)'20$@!I'?5</%5-<2$ BT"3-D$T-7*$R--H#0$ <IJQ:V$W+72'#!0$
ee! I'?5</%5-<2B$ K<@L?V$O.+66%70!0! I?5/5@-(! -<=!HJ&)&/5@-(! I'MM&</-?*! '<!/%&!L&@'<=! H152/(&! '+!L/;! ,-.(!
/'! /%&!I'?5</%5-<2$ BC*'2(+71!D$E8$F$E8$G."7H0$ <I<K:0$ ?<<8$; K S
$ P+62%Y0! K11'<&</2B$ <K?LK8$; K <
$ o%7-6%$`+7,!YL\UG-22-70!"%&!/%&'(')*! '+! /%&!L&@'<=! 9&//&?! /'! /%&! I'?5</%5-<2$ BG"6(7'*1%D$G_O0$
<II<:0$ <S;8$ P%%$ `+77"Y$o8$a"77'#0! "%&!L&@'<=! H152/(&! /'! /%&! I'?5</%5-<2b! 0! I'MM&</-?*! '<! /%&! O?&&4!
"&J/$Bg7"2*$=",'*#D$C%7*6"2#0$@SSK:0$ ;JI8$
@II$
B+-# .(0/(.3# 1"# &&%&># 6(.# 52:15).V# 9450#C5)#@*(,*C#=);# )=# 61;+# 455*.N#2-1"@#61.-#
C5)0.-*:-.n9#!"#5;+-0#650,.N#14#;+-#Q501";+1(".#6-0-#1",--,#.5#961.-9#(.#;+-C#/*(13-,#50#
=0-;-",-,#;5#2-N#;+-C#65)*,#"5;#+(:-#(**56-,#;+5.-#9455*.9#;5#93(8-#.*(:-.9#54#;+-3N#;5#
9=0-C#)=5"9#;+-3N#(",#;5#9;(8-#(,:(";(@-9# 54#;+-3#E&&%OGH%#!"#.(0/(.;1/#;5"-#(",#61;+#
/-0;(1"#(35)";#54#("@-0#'()*#3(,-#(#0(;+-0#)").)(*#0-3(08V#9;5#3C#.+(3-N#!#3).;#.(CN#
6-#6-0-#;55#6-(8#450#;+(;n9#E&&%O&H%#!"#5;+-0#650,.N#1;#6(.#/-0;(1"*C#:-0C#9455*1.+9#54#
;+-# 961.-9#Q501";+1(".#;5#+(:-#(**56-,#;+5.-#9455*.9#;5#+(:-#3(,-#.*(:-.#54#;+-3N#;5#
+(:-#=0-C-,#)=5"#;+-3#(",#;5#+(:-#;(8-"#(,:(";(@-#54#;+-3%#<(,#'()*#6(";-,#;5#,5#
;+(;#+-#/-0;(1"*C#65)*,#+(:-#@0-(;-0#(,:(";(@-#5:-0#;+5.-#9455*.9N#.1"/-#;+-#Q501";+1(".#
56-,#+13#;+-#@5.=-*%#J);#'()*#+(,#;5#/5"4-..#;+(;#+-#6(.#9;55#6-(8#450#;+(;n9#
(:(@-#+(.#/500-/;*C#=-0/-1:-,#;+-#"-@(;1:-#0-.=5".-#;+(;#65)*,#35.;#=052(2*C#/53-#
4053#'()*L.#0-(,-0.V#9M#*1.;#54#=-0.5"(*#(44*1/;15".#.5#+500141/#;+(;#1;#65)*,#+(:-#-*1/1;-,#
4--*1"@.#54#-D;0-3-#/5";-3=;#(35"@#+1.#0-(,-0.%#JC#25(.;1"@#54#.)/+#+)31*1(;15".#;+-#
(=5.;*-#65)*,#.--3#;5#2-#0-:-*1"@#1"#+1.#,1.@0(/-%9IFO#?(*=+#R(0;1"#01@+;*C#"5;-.#;+-#
2(.1/#,144-0-"/-.#2-;6--"#;+-#]0-/57?53("#;0(,1;15"#(",#'()*L.#).-#54#;+-! 1&?52/-2&52f
*1.;V#9;+1.#.-/;15"#1.#,531"(;-,#2C#;+-#).-#54#;+-!1&?52/-2&52f(52/B# 1%-%N#(#*1.;#54#;01(*.N#
-",)0-,#2C#350(*#=+1*5.5=+-0.#(",#;-(/+-0.%%%%B+-0-#(0-#52:15).#,144-0-"/-.#(.#6-**c#
"5;#*-(.;#1"#;+(;#;+-#=5=)*(0#350(*#=+1*5.5=+-0#.)44-0-,!1&?52/-2&52# (.#(#;5;(**C#+)3("#
-D=-01-"/-N#6+-0-#'()*#.(6#(#,1:1"-#=)0=5.-#0)""1"@#;+05)@+#(**#+1.#*14-L.# (0,.+1=.%9IFZ#
R(0;1"L.#52.-0:(;15"#1.#@-"-0(**C#/500-/;N#(*;+5)@+#;+-#350(*#=+1*5.5=+-0#.53-;13-.#
(*.5#0-4-00-,#;5#,1:1"-#(..1.;("/-#50#=0-.-"/-#1"#;+-10#.;0)@@*-N#(.#;+-#-(0*1-0#.;),C#5"#
^;51/$E7%,'-E"-)1#+(.#(*0-(,C#.+56"%#
; K @
$ P"5"1%0!,'d&?B$ Q?8$; K ?
$ `"7)'20
!!"#$% &'()*+*'% ,-'*.*/! "#$#%&% '0(-(122-*+3+! '$()*+,% 3'04-% 451*6% 4+% )/78/79:% '84-'***84-(;:<%
!"# $%"&'()'*% '04-'***;4-1(=<# !"! -./0*12(3% 3.04->(?"?"*+8(;:<# !"% @(+(;*'=% '0*??()'1:"% AB?04%
.C45%D'E'F.40F%*G%9C0'F.H%7%(D%.(IJ'E=%I'J4%(%D(KD(E%6!%(D%(%L4..40% *E4M%N'.C%G(0%
=04(.40% I(L*0F<% G(0%D*04% 'D-0'F*ED4E.F<%N'.C% 1*3E.I4FF% GI*=='E=F<%(EK%*G.4E%E4(0%
K4(.C"BO% #P% 878/% Q7*3R*(N+% '04+;()3:! "#$$#%&'$()&! *+&%&! *##4%% 4?(-*+<% ABS'+4% .'D4F% 7%
C(+4%0414'+4K%G0*D%.C4%T4NF%.C4%G*0.5%I(FC4F%D'E3F%*E4"BO%
!"#$%&'() *#$) +$+#,,-) ."'/) &')0#+,1$) %&2/) *&%3) 4+5,&6) 7/6"('&%&"') &')2 &'. 8 9 : ;) !+%) 0#+,)
*#$) ."&'() & %)3/7/) &') #)</7-) $4/6&#,) 4",/2&6#,) 6"'%/=%>) 5/6#+$/) & %)*"+,.)5/) %3/) </7-) ,#$%)
%3&'() 3/)*#'%/.) %").")+'./7)'"72#,) 6&76+2$%#'6/$8)
?3#%) @@8ABCBB) &$)5#$&6#,,-) #5"+%) D5"#$%&'(D) &$) $+EE&6&/'%,-)6,/#7) E 7"2)%3/) %*")</7$/$) %3#%)
&22/.&#%/,-) 47/6/./.) &%) F@@8A@>) AAG8) 0#+,) &') @@8AA) *#$) 6,/#7,-) D5"#$%&'(D) #5"+%) 3&$)
H/57/*) "7) I/*&$3) &./'%&%->)#'.) %3/) 4",/2&6) 3/7/)"5<&"+$,-) &'.&6#%/.) %3#%) #%) ,/#$%) $"2/)
"E) 3&$) "44"'/'%$>) %3/) "%3/7) D2&'&$%/7$) "E) J37&$%D) F@@8ABG) */7/) "E) I/*&$3) "7&(&'8) ?37#,,)
$+((/$%$) %3#%) %3/) /243#$&$) "') I/*&$3'/$$) 2#-) &'.&6#%/) %3#%) D%3/) I/*&$3) J37&$%&#')
6"24"'/'%) K"E)%3/)J"7&'%3&#')J3+763L)*#$) ,#7(/7) %3#') &$)+$+#,,-) $+44"$/.8D9::)
!+%) %3/) %*")/=47/$$&"'$) &')%3/) E", ,"*&'() </7$/) F@@8ABG) C) D M) #2) $4/#N&'() #$) #) E"" , D) #'.)
D M) #2) %#,N&'() ,&N/) #)2#.2#'D) C) 6,/#7,-) &'.&6#%/.) %3#%) &%)*#$) 7/#,,-) '"%) %3/) &'%/'%&"')"E)
0#+,) %") *#'%) %")5"#$%8)H/) *#$) #6%+#,,-) E"76/.)%") .") $">) 2+63) #(#&'$%) 3&$) "*') *&$3) #'.)
J37&$%&#') 63#7#6%/7>)#,%3"+(3) 5"#$%&'() *#$) 4#7%) #'.) 4#76/,) "E)%3/) , &E/)#'.) ,&E/) $%-,/)"E) %3/)
O7/6"CP"2#') $"6&/%-8) M') %3&$) 6"''/6%&"') !/') Q&%3/7&'(%"'1$) 4"&'%) &$) 7/,/<#'%R) D &')
J"7&'%3) $3#2&'() #'.) 5"#$%&'() "7) 47&.&'()%3/2$/,</$) *#$) #) 4+5,&6) 43/'"2/'"') "E) #')
U & P
% BV*(F.'E=% N(F% *G.4E% F44E% (F% (% K4D(EK% G*0% -3LI'1% 041*=E'.'*E% *G% C*E*30"%W*0KF% G*0% QL*(F.Q% (EK%
QL*(F.'E=Q% A)(3;0-(<# !)+,&-.)/% (EK%.40DF%N'.C%.C4! ',,-./0# !)+,&01% F.4DO% (04%1*DD*E% 'E%.C4%X8% AY*D%
#M!U<%#$:%$M#U:%PM#O"B%Z*;E4F<%Q[*E*0Q<%#P"%U & &
% 8C0(II<#2# 34'5',)6# )78#9:-;-5',)6# 3<..-75)4%# <7#5&-#=-,<78# 9>'?56-# 5<# 5&-#3<4'75&')7?% A\K'EL30=CM%
8]8%9I(0J<%#^^^O<%#"U$^"%
$^!%
13"'"+7C$3#2/1) 6+,%+7/8) ?3/) J"7&'%3&#') 4/"4,/) ,&</.) *&%3&') #') 3"'"+7C$3#2/)
"7&/'%#%&"'>) *3/7/) 4+5,&6) 7/6"('&%&"')*#$) "E%/')2"7/) &24"7%#'%) %3#') E#6%$>) #'.) *3/7/)
%3/) *"7$%) %3&'() %3#%) 6"+,.) 3#44/') *#$) E"7)"'/1$) 7/4+%#%&"')%")5/) 4+5,&6,-) %#7'&$3/.8D9: S)
0"(","EE) 6"22/'%$) %3#%) D%3/) J"7&'%3&#'$) #7/) 6"24/%&'() 5/6#+$/) %3/-) #7/>) &') %-4&6#,)
O7/6"CP"2#') E#$3&"'>)5"%3)47"+.) "E)*3#%/</7) $"6&#,) $%#%+$) %3/-) 3#</>) #'.) /'<&"+$)"E)
%3"$/)*&%3) 3&(3/7) $%#%+$8D9:9)
T"7/"</7>) 5"%3) &') %3/) (/'/7#,) 6"'%/=%) "E)%3/) O7/6"CP"2#') *"7,.) #'.) &') %3/)4#7%&6+,#7)
6"'%/=%)"E)%3/)J"7&'%3&#')$&%+#%&"'>)D5"#$%&'(D)*#$) '"%)U+$%) #)2#%%/7) "E)4/7$"'#,) #%%&%+./)
#'.) 5/3#<&"+7>) &%) *#$) #') /$$/'%&#,) E/#%+7/) &') %3/) *3",/) "E) 73/%"7&6#,) %7#&'&'() #'.)
47#6%&6/>) /$4/6&#,,-) &') 4+5,&6)"7#%"7-) *3/7/) %3/) "7#%"7) *#$) U+.(/.) #'.) 47#&$/.) E"7)3&$)
/,"V+/'%) $4//638)H/)*#$) /=4/6%/.) %")5/) D5"#$%E+,D8)M%)*#$) &'3/7/'%) &')%3/) $"6&#,) /%3"$8)
?3/) $%7"'() /=47/$$&"'% )K51*) FD#'.) M D >) "7) D M) #,$"DG) *3&63) "66+7$) $&=) %&2/$) &') @@8@SCAA)
#,"'/>) 6,/#7,-)&'.&6#%/$) %3/) E7/V+/'6-)#'.) &'%/'$&%-)"E)0#+,1$) 7/,+6%#'%)6"24#7&$"') *&%3)
3&$) 7&<#,$8) M')/#63) 6#$/) 0#+,) *#$) /$%#5,&$3&'() 3&$) 4#7&%-)*&%3) 3&$) 7&<#,$8) Q3#%) 0#+,).&.)
3/7/) &') @@8AB)*#$) U+$%) #) '#%+7#,) 6"'%&'+#%&"')"E)*3#%) 3/) 3#.) #,7/#.-) $%#7%/.>) 3"*/</7)
7/,+6%#'%,-8) M E)%3/) /=47/$$&"'% )K51*) *#$) +$/.) %") &'.&6#%/) %3/) 4#7&%-)"7) /V+#,&%-) 5/%*//')
0#+,) #'.) 3&$) 7&<#,$>) %3/) "%3/7) /=47/$$&"'>% 3E4-% 451*) &');8AB#) F D M)#2) E#7)2"7/D>) "7) D M) #2)
5/%%/7DG) *#$) "5<&"+$,-) 2/#'%) %") $3"*) 3&$) $+4/7&"7&%-) "</7) %3/28) ?3/) #5"</) %*")
/=47/$$&"'$>% )(5**) #'.% 'D4-% 45N<) #,%3"+(3) 7/,#%&</,-) $&24,/>)*/7/) &'.&6#%&</)"E) 0#+,1$)
73/%"7&6#,) $N&,,) &')%3/)6"'%/=%)"E)4",/2&6$)#'.! 25$6$7#2)!
M'$%/#.) "E) 47"<&.&'() #') &247/$$&</) ,&$%) "E) #63&/</2/'%$) #'.) 67/./'%&#,$) %") $3"*) 3&$)
D$+4/7&"7&%-D) "</7) 3&$) 7&<#,$>) 0#+,) 6#2/) +4) *&%3) #! 580#9:29#9) 6#%#,"(+/>) &%/2&W&'() 3&$)
U & _
% V"%W'.C40'E=.*E<#3<7$6',5# )78#3<..+7'5%# '7#3<4'75&% A@0(EK%Y(-'KFM%\40KD(EF<% !``&O<%a"%U & U
% >*=*I*GG<#@<;<?1% #!!"%
$^#%
$+EE/7&'($>)/$4/6&#,,-) &%$!5;19#<26) #$4/6%$)#'.) %3/) D5".-) ,#'(+#(/D) 3/) $"+(3%) %") 6"'</-8)
Q3#%) *#$) $+747&$&'() 3/7/) *#$) %3/) $&24,/) E#6%) %3#%>) +',&N/) 3&$) O7/6"CP"2#')
6"+'%/74#7%$>) & %)*#$) '"%) 3+2#') <&7%+/$>) $+63) #$) 6"+7#(/>) /'.+7#'6/) #'.) 2#',&'/$$) %3#%)
0#+,) %7&/.) %")/=3&5&%>)5+%)5,#%#'%)3+2#')*/#N'/$$>)/</') 6"*#7.&6/) F/8(8>) @@8BA>)BBG8)X'.)
*3&,/) 0#+,1$) 47/$/'%#%&"') *#$) +'./7$%#'.#5,-) $+747&$&'() %") %3/) O7//N$) #'.) P"2#'$>) &%)
*#$) %-4&6#,,-) 0#+,1$) 4#7#."=&6#,) *#-) "E) ./#,&'() *&%3) %3/) J"7&'%3&#') 47"5,/2>) *3&63)
*#$) 6"'$&$%/'%,-) #'.) 6"'$6&"+$,-) #') &'</7$&"') "E) %3/) O7/6"CP"2#') $"6&#,) /%3"$8) Y"7)
0#+,) &%)*#$) E#7)2"7/) %3#') U+$%) #)2#%%/7) "E) $%7#%/(-8) M%)*#$) %3/","(&6#,,-)2"%&<#%/.) #'.)
47"24%/.>)/$4/6&#,,-)5-)3&$)+'./7$%#'.&'() "E)%3/) 67"$$89 : Z)
@@8AB#) 7/</#,$) %3/) 7/#,) 5"'/) "E)6"'%/'%&"') 5/%*//') 0#+,) #'.) 3&$) J"7&'%3&#')7&<#,$8) ?3/)
*"7.) D2&'&$%/7$D) FRb,)/c/7G) 3/7/) #44/#7/.) 7#%3/7) 3#72,/$$>) $&'6/) 5-) &%$/,E) &%) .&.) '"%)
7/#,,-) 6"'E/7) #'-) 4#7%&6+,#7,-)$&('&E&6#'%)$"6&#,) $%#%+$8) H"*/</7>) &') %3/) 6"'%/=%) "E) %3/)
J"7&'%3&#') 6"'%7"</7$->) %3/) *"7.) *#$) 7/#,,-) #) </7-) 47"5,/2#%&6) #'.) $/7&"+$) &$$+/8)
[',&N/>) E"7)&'$%#'6/>) @)J"78) ;8ZC@B) #'.) "%3/7) 4,#6/$) *3/7/) 0#+,) &./'%&E&/.) 3&2$/,E) #'.)
3&$) E/,,"*C#4"$%,/$) *& %3) %3/) E&7$%) 4/7$"') 4,+7#,) D*/D) &') 3&$! 25$6$7#2,) &') %3&$) *3",/)
4#$$#(/)"E)A) J"78) @@8ABCBB)3/) +$/.) %3/) $&'(+,#7) ? 1 >) %3/7/5-) 2#N&'()%3/) &$$+/) E#7)2"7/)
5809$=26)) ?3/! 580#9:29#9) 6#%#,"(+/$) 3/) &%/2&W/.) $3"+,.) #,$") 5/) <&/*/.) &') %3&$) 6"'%/=%8)
?3/)6"'%/'%&"')*#$) /$$/'%&#,,-)5/%*//'! ;#>) #'.)3&$) 7&<#,$8)
?3/) /=47/$$&"'>) D M) #2) #)5/%%/7) "'/D>) &') @@8AB#)*#$) 2"$%) /=%7#"7.&'#7->) /</') $"2/*3#%)
$3"6N&'(>) %") %3"$/)*3")3#.) N'"*')0#+,) #$) #) 3+25,/) \"+X"("E)J37&$%8)0#+,) 3&2$/,E) *#$)
#44#7/'%,-) </7-) 6"'$6&"+$) "E) &%) *3/') 3/) 6"'E/$$/.) %3#%) 3/) *#$) 3/7/) D%#,N&'() ,&N/) #)
2#.2#'D8) !+%) &') *3#%) 47/6&$/) *#-) *#$) 0#+,) #) D5/%%/7D) 2&'&$%/7) %3#') %3/) "%3/7)
D2&'&$%/7$) "E) J37&$%D) F@@8ABG]) ?3/) #'$*/7) *#$) E"+'.) &') %3/) E", ,"*&'(! 580#9:29#9!
U & a
% B?--4(I% 'F% D(K4% .*% 4+'K4E14% *G% C'F% FC(D4% (EK% K'FC*E*0"% QWC(.% C4% C(F% 4EK304K% 'F% .C4% F4(I% *G% C'F%
?-*F.I4FC'-BQ%A>I3DD40<#3<..-75)4%1% $##O"% R44%[(00'F<#A&-#=-,<78# 9>'?56-1% U`U6a"%
$^$%
6#%#,"(+/$) 0#+,) 47"<&./.8)M')"%3/7) *"7.$>)& %)*#$) &')4/7$"'#,) %7&5+,#%&"'$)#'.)$+EE/7&'($)
%3#%) 0#+,) *#'%/.) %") $3"*) %3#%) 3/) *#$) D5/%%/7D) %3#') %3/) 7/$%>) #'.! =$:) &') #'-) O7/6"C
P"2#'>) "7) I/*&$3) F6E8)%3/) T#66#5/#'$) D2#7%-7$DG)<&7%+/$) $+63) #$) 6"+7#(/>) /'.+7#'6/>)
"7) "%3/7) '"%&6/#5,/! >2=6#=899)) ?3&$)*#$) #'"%3/7) 6,/#7) &'.&6#%&"') "E)0#+,1$) D2#.'/$$D>)
#66"7.&'() %") %3/) 6+77/'%) $"6&#,)/%3"$) *3&63) 6"+,.) "',-) #447/6&#%/! 580#9:298#9) #$) 47""E$)
"E) #) 4/7$"'1$) 2#',-) <&7%+/$8) 0#+,1$) &'%/'%&"') %") &'</7%) 6+77/'%) $"6&#,) /%3"$) '//.$) '")
E+7%3/7)/=4,#'#%&"') 3/7/8)
M') @@8AB)0#+,) 7/E/77/.)E&7$%) "E)#,,)%") 3&$) D,#5"+7$D8) M%)*#$) D*& %3) E#7)(7/#%/7) ,#5"+7$D) %3#%)
0#+,) 6,#&2/.) %") 5/) $+4/7&"7) %") 3&$) 7&<#,$8) \+63) #') #7(+2/'%) *#$) 3#7.,-) <#,&.) &') %3/)
6"'%/=%) "E)6+77/'%)O7/6"CP"2#') /%3"$>) E"7)#%) ,/#$%) %37//) 7/#$"'$8) F@G)M E)D(7/#%/7) ,#5"+7$D)
3/7/)*#$) $&24,-) 2/#'%) %") &'.&6#%/)&')</7-)(/'/7#,) %/72$) %3#%) "'/) *#$) *"7N&'() D3#7./7D)
%3#') "%3/7$) &') *3#%/</7) *"7N>) $+63) D(7/#%/7) ,#5"+7$D) *"+,.) '"%) 3#</) #'-) 4#7%&6+,#7)
2/7&%) &') &%$/,E>) "7) /#7') #'-) $"6&#,)$%#%+$) %") %3/) 3#7.) ,#5"+7/78) M')E#6%)&') #) $"6&/%-) *3/7/)
2"$%) 3#7.) *"7N) */7/) 4/7E"72/.)5-) 4/"4,/) "E) %3/) ,"*/7) $%7#%#) "E) $"6&/%->) &'6,+.&'()
"7.&'#7-) #7%&$#'$) #'.) $,#</$>) 3#7.) ,#5"+7$>) &'$%/#.) "E) 5/&'() %3/) (7"+'.) E"7) 5"#$%&'(>)
*/7/)+$+#,,-)%3/) </7-)6#+$/)"E)$"6&#,)47/U+.&6/)#'.) 6"'%/24%8) ?3/) $"C6#,,/.) D.&('&%-)"E)
,#5"+7D)"7) D$#'6%&%-)"E),#5"+7D)6"+,.) "',-) 5/) #)5#.)U"N/)%")%3/)3/#7/7$)" E)0#+,1$) O7/6"C
P"2#') $"6&/%-8) FAG) M E)5-) D(7/#%/7) ,#5"+7$D) 0#+,) 3#.) &')2&'.) #,,) %3/) 3#7.) *"7N) 3/) 3#.)
5//') ."&'() E"7) %3/) $#N/) "E) %3/) ("$4/,>) #447/6&#%&"') 6"+,.) "',-) 5/) /=4/6%/.) E7"2) 3&$)
6,"$/) #$$"6&#%/$) #'.) $+44"7%/7$>) #'.) 6/7%#&',-)'"%) 3&$) 7&<#,$)*3") */7/) +'./7$%#'.#5,-)
U/#,"+$) "E) 3&$) D3#7.) *"7ND) #$) */,,) #$) &%$) E7+&% 8) FBG) M E)5-) D(7/#%/7) ,#5"+7$D) 0#+,) *#$)
7/E/77&'() $4/6&E&6#,,-) %") 3&$)2#'+#,) ,#5"+7$) #$) #)%/'%2#N/7>) & E)6"+,.) "',-) 6#+$/) $"6&/%->)
&'6,+.&'() %3/) J"7&'%3&#')J37&$%&#'$) *3")*/7/) 57"+(3%) +4) &') %3/) $#2/) /%3"$>) %")E+7%3/7)
./$4&$/)3&2>)E"7)7/#$"'$)*3&63) 3#</) 5//') $3"*')5-) $63",#7$) $+63) #$) O,#'6-) #'.)H"6N)
F$//) ^98BG8)!+%) &%)*#$) 47/6&$/,-) &')$+63) #') #44#7/'%,-) 4""7) "7) &'<#,&.) #7(+2/'%) %3#%) %3/)
$^P%
4"*/7) #'.) $+5%,/%-) "E)0#+,1$) &7"'-)#'.) 4#7#."=) 5/6#2/)2"$%) "5<&"+$) #'.) 47"<"6#%&</)
#$) #') &'</7$&"')"E)%3/)6+77/'%) $"6&#,)/%3"$8)
?3/) 437#$/% d3,()(.=% .84-e***.4-(;:)FDE#7)2"7/) &247&$"'2/'%$DG) *#$) U+$%) #$) 47"5,/2#%&6)
#$) 0#+,1$) /#7,&/7) 7/E/7/'6/) %"% )/78/):! 11#%2$$$)#%3$4) FDE#7) (7/#%/7) ,#5"+7$DG8) F@G)
DM247&$"'2/'%$D) #$) #) (/'/7#,) %/72) 6"+,.) "',-) '/(#%&</,-) 6"''"%/) 67&2/$) #'.) "%3/7)
&,,/(#,) "7) #'%&C$"6&#,) #6%&<&%&/$) &')0#+,1$) %&2/>) #'.) *"+,.) %3+$) *"7N) #(#&'$%) %3/) #4"$%,/8)
FAG) I+$%) E 7"2)0#+,1$) "*')5&"(7#43&6#,)'"%/$) #$) */,,) #$) %3/) *&%'/$$) "E)%3/) !""N)"E)X6%$)
#,"'/>) "'/) 6"+,.) 7/#$"'#5,-) &'E/7) %3#%) %3/) #4"$%,/1$) D&247&$"'2/'%$D) */7/) '"%) "',-)
E#6%+#,>)5+%)4/73#4$)E#7)2"7/) E7/V+/'%) %3#')*3#%) 3#$) 5//') 7/6"7./.8) !+%)$&'6/) %3/-) */7/)
#44#7/'%,-) '"%) %3/) 7/$+,%) "E)#'-) '"5,/) #'.) 3/7"&6) #6%$>)5+%) 6,"$/,-) "7) /=6,+$&</,-).+/) %")
%3/) 47/#63&'() "E) D%3/) 2/$$#(/) "E) %3/) 67"$$D>) $+63) #7(+2/'%) *"+,.) .7#*) $-24#%3-)
'/&%3/7) E 7"2) %3"$/)*3") */7/) D4/7&$3&'(D)'"7) E 7"2)0#+,1$)U/#,"+$) 7&<#,$8)Y"75/$) &$) %3+$)
7&(3%R) D&247&$"'2/'%$) #'.) 5/#%&'($888#7/) 3#7.,-) 6#,6+,#%/.) %") &'$4&7/) 6"'E&./'6/) &') %3/)
7/$4/6%#5&,&%-) "E) #'-"'/1$) 4"$&% &"'8D 9 : _)\&2&,#7,->) T#7$3#,,) %3&'N$) %3#%) 3#7.$3&4$) 2#./)
0#+,) D#)2#') "E)$3#2/D>9S `) #66"7.&'() %")%3/) 6+77/'%) $"6&#,) /%3"$8)
0/73#4$)E#7)2"7/) $/7&"+$)#'.) *&%3) 2+63)(7/#%/7)&24,&6#%&"'$)*#$) 0#+,1$)7/E/7/'6/) %") %3/)
43-$&6#,) #$$#+,%$) %3#%) 3/) 4#&'E+,,-) /=4/7&/'6/.>) 5/(&''&'() E 7"2) @@8AB5) #'.) @@8A;89 S @)
0#+,1$) 7/E/7/'6/) %") D%3/) E"7%-) ,#$3/$) ,/$$) "'/D) &$) #') &'%/7/$%&'() "'/>) 5/6#+$/) D%3/)
%3&7%-C'&'/) ,#$3/$D)*#$) %3/) "EE &6 &#,) 4+'&$32/'%) "E) %3/) $-'#("(+/8) M')T#%%8) @`8@9)I/$+$)
*#7'/.) 3&$) .&$6&4,/$) #5"+%) %3/) 4"$$&5&,&%-) "E) 5/&'() ./,&</7/.) +4) %") I/*&$3) 6"+'6&,$)
A*3+4R-'(O) #'.) 5/&'() E,"((/.) D &') %3/&7) $-'#("(+/$D% A4+) ="#68! 2%%2141$4<,% (3.3+O") ?3/)
U & `
% S*0L4F<%Q9*D-(0'F*EQ<%! "%U _ ^
% Z(0FC(II<#97.'5%1% $_!"%U _ !
% R'E14%>(3IQF%*NE% (11*3E.F% (F%N4II% (F%.C*F4%'E%?1.F%1(EE*.% I'.40(II5%+40'G5%.C4%-041'F4% I*1(.'*EF% *0%.C4%
4;(1.% E3DL40% *G% .'D4F% 04=(0K'E=% .C4% -C5F'1(I% (FF(3I.F% D4E.'*E4K% L5% >(3I% 'E% .C4% (L*+4% +40F4F<% .C4'0%
C'F.*0'1'.5%F44DF%.*%L4%L45*EK% 04(F*E(LI4%K*3L."%8C4%G(1.%.C(.%>(3I%N(F%(1.3(II5%F.*E4K%BE4(0%K4(.CB%N(F%
N'.E4FF4K% (.%I4(F.%*E14%'E%?1.F% !P"!`<% (EK%.C'F%*113004K%'E%e5F.0("%
$^&%
"7&(&') "E) $+63) 6"74"7#,) 4+'&$32/'%) &$) E"+'.) &') a/+%8) A:8ACB8) ['./7) '"72#,)
6&76+2$%#'6/$) %3/) '+25/7) "E),#$3/$)*#$) ./%/72&'/.) 5-) %3/) '#%+7/) "E)%3/) "EE/'6/>)5+%)&')
'")6#$/)$3"+,.) &%)%")/=6//.) E"7%-8)?3&$)*#$) %")47/</'%) %3/) "EE/'./7)E 7"2)3#<&'()%")$+EE/7)
(7"$$) 4+5,&6) 3+2&,&#%&"'8) ?3/) a/+%/7"'"2&6) "7&(&') "E) %3/) 47#6%&6/) E"+'.) &%$) ,#%/7)
./</,"42/'%) &'! >)) T#NN"%3) B8@`) #'.) &%) *#$) #%%/$%/.>) E"7) &'$%#'6/>) #,$") &') I"$/43+$1)
?=:#@4#:#89) ;8ABZ>) A;Z8) \-'#("(+/) E,"((&'() *#$) #.2&'&$%/7/.) E"7) <#7&"+$) "EE/'6/$>)
*3&63)*/7/) &%/2&W/.)&'!>))T#NN"%3) B8@C_8)
H&$%"7-) &$) E + , ,) "E) &7"'&/$8) 0#+,>) *3") *#$) "'6/) #) 2"$%) '"%"7&"+$) 4/7$/6+%"7) "E) %3/) E&7$%)
J37&$%&#'$) 3&2$/,E>)*#$) "E%/')7/$4"'$&5,/) E"7)%3/!'6$77#=79) "E)3&$) <&6%&2$)FX6%$)AA8@_G8)
!+%) %3/) 4/7$/6+%"7) 3&2$/,E) 3#.) '"*) 5/6"2/) %3/) <&6%&2&W/.8) X66"7.&'()%") 28) T#NN"%3)
B8@;) %3/) 4"$$&5&,&%-)"E) #)4/7$"'1$) .-&'() .+7&'()"7) #E%/7) %3/) %3&7%-C'&'/)$%7"N/$) *#$) 7/#,b)
'") *"'./7) I"$/43+$) 3#.) ./$67&5/.) %3&$) E7&(3%/'&'() 4+'&$32/'%) #$) D2"$%) &('"2&'&"+$D)
F#,"=&6+7&G) E"7)#) E7//)2#'! A?=:)) ;8ABZG8 9 S ;) M')<&/*) "E) $+63) #*E+,) 7/#,&%->)&%)*#$) &'.//.)
#2#W&'() %3#%) 0#+,)2#'#(/.) %")$+7<&</)#E%/7)DE&</)%&2/$D)/'.+7&'()$+63) E,"((&'($8)?37#,,)
3&(3,&(3%$) %3/) E#6%) %3#%) 0#+,) #$) #) I/*) $+EE/7/.)3/#<&,-) &') %3/) 3#'.$) "E) 3&$) "*') I/*&$3)
4/"4,/8) ?3&$) 4"&'%) &$) *"7%3) '"%&'()5/6#+$/) "E)0#+,1$) /#7,&/7) 47&./) &') 3&$) "*') /%3'&6)
&./'%&%-) F@@8AAG8) ?3/) $"6&#,) $%&(2#) #$$"6&#%/.) *&%3) $+63) 6"74"7#,) 4+'&$32/'%) #'.) %3/)
3+2&,&#%&'() /=4/7&/'6/) %3#%) 0#+,) 3#.) %") /'.+7/) *#$) '"%) .& E E &6+, %) %") &2#(&'/>) /$4/6&#,,-)
*3/')3/)*#$) #)P"2#') 6&%&W/'>)#)DE7//D)2#'8)?3&$)#(#&')*#$) </7-).&EE/7/'%)E 7"2)%3/) N&'.)
"E) D2#',&'/$$D) #'.) "%3/7) D<&7%+/$D)*3&63) %3/) O7/6"CP"2#') $#(/$)"7)43&,"$"43/7$) */7/)
6"22&%%/.) %")/=3&5&%)&')%3/&7)+$/) "E)%3/!580#9:29#9) 6#%#,"(+/$8)
[(00'F<#A&-#=-,<78# 9>'?56-1% a^!%
V(004..<#=-,<78# 9>'?56-1% #`_"%
[(00'F<#A&-#=-,<78# 9>'?56-1% a^#6$"%
8C0(II<%f f#3<4'75&')7?1% U$_"%
$^_%
O,#'6-) 3",.$)%3#%) D*3&,/) $"2/) $63",#7$) %7/#%)0#+,1$) ,&$%&'()"E)3#7.$3&4$) &') @@8AB5CBB)#$)
#') &7"'&6) &'</7$&"') "E) E&7$%C6/'%+7-) <#,+/$>)"%3/7$) C)$//2&'(,-)#)2#U"7&%-)C)#7(+/)%3#%)%3&$)
$#2/) ,&$%&'() &$) 6"'$&$%/'%) *&%3) %3/) O7/6"CP"2#') 73/%"7&6#,) 47#6%&6/) "E)#6N'"*,/.(&'()
3#7.$3&4$>)"E%/')#$) ./2"'$%7#%&"'$)"E)<&7&,/) E"7%&%+./8888)X6N'"*,/.(2/'%) "E)%3/)$4/6&E&6)
2/#'&'($) "E) E,"((/.) 5".&/$) &') #) E&7$%C6/'%+7-! ;2B#:49) &$) /$$/'%&#,) E"7)#447/6&#%&"')"E)
0#+,1$) 73/%"7&6#,) $%7#%/(-) &')%3/) E"",1$) $4//638D) ?3&$) %3/$&$) "5<&"+$,-) $&./$)*&%3) %3"$/)
$63",#7$) *3") %7/#%) D0#+,1$) ,&$%&'() "E) 3#7.$3&4$) &') @@8AB5CBB) #$) #') &7"'&6) &'</7$&"') "E)
E&7$%C6/'%+7-)<#,+/$D>)E"7)7/#$"'$)*3&63)3#</)#,7/#.-)5//') (&</') &')63#4%/7) 98)
M') %3/&7) 7/$4/6%&</) 6"22/'%#7&/$>) !/$%) #'.) T#7%&') +'./7$%#'.) 0#+,1$) /'.+7#'6/) "E)
3#7.$3&4) #$) #) $&(') "E) 6"+7#(/) "7) 2#',&'/$$89 S 9) T#7%-') #7(+/$) %3#%) 0#+,1$) $+EE/7&'()
%/$%&E&/.)%")%3/) <&7%+/)" E)3&$)E"7%&%+./)#'.) ,"-#,%-) %")I/$+$89SZ) O,#'6->)3"*/</7>)6"'%/'.$)
%3#%) D &')%3/&7) /243#$&$) "') %3/) 2#',&'/$$) "E) 6"'E7"'%&'()2#'&E",.) 43-$&6#,)63#,,/'(/$>)
6"'%/24"7#7-) $63",#7$) #$$&2&,#%/)%3/) $%7&4$)$6"7/.) &')0#+,1$) E,/$3)%")6&6#%7&W/.) /25,/2$)
"E) 2#7%&#,) <#,"7) *3&,/888&('"7&'() %3/) 4"*/7) 7/,#%&"'$) C) "E) ,/(#,) $%#%+$>) ."2&'#%&"') #'.)
$+52&$$&"'>) 3"'"+7) #'.) $3#2/) C) &'6#7'#%/.) &') E,"((/.) 5".&/$) 5-) P"2#'! ;2B#:49)CDEF!
?3&$) ,#$%) 4"&'%) "E) O,#'6-) &$) </7-) &24"7%#'%8)I+$%) #$) $3/) 3#$) 67&%&6&W/.) Y&%W(/7#,.) E"7)
5/&'()"'/C$&./.) &')#$$"6&#%&'()5".&,-) $+EE/7&'()F&'6,+.&'()*3&44&'() "7)E,"((&'(G)"',-) #$)
$&('$) "E) 3"'"+7) "7) 2#',&'/$$>) *&%3"+%) 7/6"('&W&'()&%$) '/(#%&</) #$4/6%$>) $3/) 3#$) '"*)
."'/) $") %")"%3/7) $63",#7$) $+63) #$) !/$%) #'.)T#7%&'8) O,#'6-1$) <&/*) &$) </7-) 2+63)&') ,&'/)
*&%3) %3/) 4"$&%&"') "E) %3&$) %3/$&$) *3&63) %7&/$) %") $3"*) %3#%) &%)*#$) %3/! =872:#%8) $&./>) %3/)
.&$3"'"+7&'() 4#7%>) %3#%) 0#+,) 3#.) &')2&'.) &') @@8ABCA:)*3/') 3/) 7/E/77/.)%") DE,"((&'($D)
/%68>) 5/6#+$/) %") 3&(3,&(3%) %3/) 3"'"+7#5,/) #'.) (,"7&"+$) $&./) "E) 5".-) *3&44&'() #'.)
E,"((&'(>) #66"7.&'()%") %3/) $"6&#,)/%3"$) "E)%3/) %&2/>) *"+,.) 3#</)*/#N/'/.) 3&$) #7(+2/'%)
U _ _
% @I(E15<% QV*(F.'E=Q<%!! "%U _ U
% V4F.<#=-,<78# 3<4'75&')7?1% !!P:%Z(0.'E<%##3<4'75&')7?1% $U_"%U _ a
% Z(0.5E<#B)6)5')7?1% &_a<%E"U$"%U _ `
% @I(E15<% QV*(F.'E=Q<%!#!"%
$^U%
&') %3/) J"7&'%3&#') 6"'%7"</7$-8) M%) *"+,.) #44/#7) 7#%3/7) +',&N/,-) %3#%) &') @@8ABCA:) 0#+,)
&'%/'./.) %") ./E/'.) 3&$) 3"'"+7) &') %3/) 2#''/7) "E)%3/) O7/6"CP"2#') $#(/$)#'.) #66"7.&'()
%") %3/&7)$"6&#,)/%3"$8) ?3+$>)*3/')0#+,) %7&/.) %")6"24#7/) 3&2$/,E) *&%3) %3/) D$+4/7C#4"$%,/$D)
*&%3) %3/) ,&$%&'() "E)3&$) $+EE/7&'()#'.) 3#7.$3&4>) %3/) 7/#,) 4+74"$/) *#$) %") $3"*) %3#%) 3/) 3#.)
$+EE/7/.)2"7/) %3/') %3/-) .&.)F & E)%3/-) 3#.) &'.//.) $+EE/7/.Gb)$+EE/7&'()'"%)U+$%) &')43-$&6#,)
%/72$>) 5+%) #,$") *&%3) 3+2&,&#%&"') #'.) ./(7#.#%&"') &') $"6&#,) %/72$8) 0#+,1$) $%#%/2/'%) &')
@@8AB)$3"+,.) 5/) +'./7$%"".) &')%3&$)6"'%/=%8)X'.)0#+,1$) 6"'6,+.&'()7/2#7N) #%) %3/) /'.)"E)
%3/) ,&$%&'() #,$") 6,/#7,-)$+((/$%/.) %3#%) 0#+,1$) 7/E/7/'6/) *#$) %") 3+2&,&#%&"') #'.)*/#N'/$$)
#'.)'"%)(,"7-) #'.) $%7/'(%3R) DQ3")&$)*/#N>) #'.)M)#2)'"%)*/#N]D) F@@8A_G8)
[',&N/) Y&%W(/7#,.>)*3") 7/(#7.$!580#9:29#9) 6#%#,"(+/$) "',-) #$) $&('$) "E) <&7%+/$) 5#$/.) "')
%3/) <&/*$) " E)\/'/6#) #'.) c4&6%/%+$>) O,#'6-) #7(+/$) %3#%) D*/) 6#''"%) 7/,-) "')\/'/6#) F"7>)
,#%/7>)c4&6%/%+$G) %") 7/6"'$%7+6%) %3/! ;2B#:49) %3#%) $3#4/.) %3/) J"7&'%3&#')7/$4"'$/)%")0#+,1$)
*3&44#5,/) 5".-8D)9 9 `) O,#'6-1$) 4"&'%) &$) #44#7/'%,-) 7&(3%) 5/6#+$/) U+.(&'() E7"2) %3/)
&22/.&#%/) 6"'%/=%) "E)A)J"78) @@>) "7) &') %3/) "</7#,,)4+7<&/*)"E)%3/) %*")J"7&'%3&#'),/%%/7$>)
0#+,1$) 67&%&6$) $&24,-)6"+,.) '"%) 7/(#7.) 0#+,1$) D*3&44#5,/D) 5".-) #$) #) $&(') "E) D<&7%+/Db)
'/&%3/7) .&.)0#+,) 3&2$/,E8)Y"7) %") 7/(#7.) %3/! 580#9:29#9) 6#%#,"(+/$) #66"7.&'() %") %3/) $"6&#,)
/%3"$) "E)%3/) O7/6"CP"2#') %7#.&%&"') *"+,.) $+7/,-) (") #(#&'$%) 0#+,1$) /=47/$$)4+74"$/) %")
5"#$%) "E) 3&$) */#N'/$$) #'.) O".1$) /'#5,&'() (7#6/) &') #'.) %37"+(3) 3&$) */#N'/$$8) M E)0#+,)
7/#,,-) 3#.) #'-) &'%/'%&"'>) &') %3/) 3/#%) "E) 3&$) 4",/2&6$) #(#&'$%) 3&$) 67&%&6$>) %") $3"*) 3&$)
$+4/7&"7&%-) "</7) %3/2>) &%) *#$) 6/7%#&',-) '"%) &') %3/) 2#%%/7) "E) 3+2#') /'.+7#'6/) #'.)
6"+7#(/8) ?3/) E#6%) %3#%) 3/) *#$) D,/%) ."*') &') #) 5#$N/%) %37"+(3) #) *&'."*)&') %3/) *#,,) K"E)
a#2#$6+$L) #'.) /$6#4/.) E 7"2) 3&$) Kd&'() X7/%#$1L) 3#'.$D) F@@8BA>) BBG) *#$) #) $+7/) $&(')"E)
6"*#7.&6/) #66"7.&'() %") %3/) 6"22"') O7/6"CP"2#') +'./7$%#'.&'() "E) 6"+7#(/) #'.)
2#$6+,&'&%-8) M E)0#+,) 3#.) #'-) $/'$/)"E) D$+4/7&"7&%-D)"</7) 3&$) J"7&'%3&#'$) 67&%&6$)"7) %3/)
@I(E15<% QV*(F.'E=Q<% !#P"%
$^a%
D$+4/7C#4"$%,/$D>) &%) *"+,.) 5/) &') %3/) #7/#) "E) $+EE/7&'()#'.) 3#7.$3&4) F@@8ABG8) ?3#%) *#$)
7/#,,-) %3/)2#&')4"&'%)"E)0#+,1$) #7(+2/'%) #'.) %3/) ,&$%&'() "E)%3/! 11#%*$)&$*54)&')63#4%/7) @@>)
#'.) /,$/*3/7/8) e/%>) 4#7#."=&6#,,-) #(#&'>) *3#%) *#$) 6"'$&./7/.) D$3#2/D) #66"7.&'() %")
O7/6"CP"2#') /%3"$)%+7'/.)"+%) %")5/) D3"'"+7D) E"7)0#+,) #'.)3/) #,*#-$)6"+'%/.) &%)#) (7/#%)
3"'"+7) %") $+EE/7)E"7)J37&$%8) f"%)"',-) .&.)0#+,) "4/',-) #6N'"*,/.(/) %3#%) 3/) 6#77&/.) D%3/)
2#7N$) "E)I/$+$D)57#'./.) "')3&$)5".-)&')O#,8)S8@9>) 3/)*/'%)#,$") E+7%3/7)%")6"'E/$$)%3#%) 3/)
*#$) D#,*#-$) 6#77-&'()&')%3/)5".-)%3/) ./#%3) "E)I/$+$D)FA)J"78);8@`G8)\+63)*#$) %3/) /=%/'%)
"E) 0#+,1$! #>#:2:#$! G;0#9:#)!
M%) 3#$) '"*) 5/6"2/) $+EE&6&/'%,-)6,/#7) %3#%) #66"7.&'() %") %3/) $"6&#,) /%3"$) "E)0#+,1$) %&2/>)
%3/) #4"$%,/1$) %/$%&2"'-) 6"'6/7'&'() 3&$) "*') D*/#N'/$$D) #'.) %3/) #5+$&'() "E) 3&$) 5".-)
*/7/) ,&N/,-) 4/76/&</.) 5-) 3&$) "44"'/'%$) #$) 2#7N$) "E) $/7<&,/) $+52&$$&"') #'.) &'$&('&#)"E)
3+2&,&#%&"') *3&63) */7/) +'*"7%3-)"E)#!>2=) "E)#'-) $"6&#,) $%#'.&'(>) .&('&%-) #'.) 3"'"+78)
Y"7) 0#+,1$) 67&%&6$>) #,"=4"6b) F.&$3"'"+7#5,/>) ./(7#./.>) #'.) +,%&2#%/,->) 2"7#,,-) $+$4/6%G>)
#'.! )&*1#*6340) 6"''"%/.) $3#2/>)3+2&,&#%&"') #'.)./(7#.#%&"'899 @) \3#*) 3#$) 7&(3%,-)4"&'%/.)
"+%) %3#%) D & %) &$) %3/) J37&$%&#') *7&%&'($) " E) %3/) f/*) ?/$%#2/'%) %3#%) 7/<",+%&"'&W/)%3/$/)
<#,+/$) *3",,-) 5-) %3/&7) %"%#,) &'</7$&"'8)0#+,) 5"#$%$) "E)3&$) $/,EC#5#$/2/'%) #'.) 3+2&,&%->)
#'.) .7#*$) #%%/'%&"') %") %3/) /EE"7%) "'/) 2+$%) 2#N/) %") $%7&</) %"*#7.$) %3/) E&'#,) <&7%+/) %3#%)
$3"+,.) 5/) 6,#&2/.)5-) %3/)J37&$%&#'>)%3#%) "E)5/&'(! :258#=$9)) M'.//.>) 3/) #6%+#,,-)67/#%/$) #)
'/*) <&7%+/)C! :258#=$5;0$94=8% A8(88g&&h"6GG4"#*7iG) C) %3/) <",+'%#7-)#5#$/2/'%) "E) %3/) $/,E)
#'.)"'/1$)5".-8D 9 9 A)0#+,1$)2&'.$/%)*#$) %3"7"+(3,-)6"'$&$%/'%) *&%3) 3&$).//4)./$&7/) %") 5/)
#') &2&%#%"7)"E)J37&$%>)/$4/6&#,,-)J37&$%1$) $/,EC/24%-&'(! AH8=$9#9) &')03&,8)A8SCZG8)
U U !
% e(0F*E% .C'EJF% .C(.%B>(3IQF% *-4E% (KD'FF'*E%.C(.%C4% C(K%L44E% GI*==4K%L5% L*.C%T4N'FC% (EK%Y*D(E%
(3.C*0'.'4F% A#% 9*0"%!!"#$6#&O% N(F% 140.('EI5% .C4% L*(F.'E=% *G% (% QD(KD(EQ% L41(3F4% *G% .C4% FC(D4%(EK%
C3D'I'(.'*E%'E13004K%L5%.C4%041'-'4E.F%*G%F31C%-3E'FCD4E.FB%A`PO"%U U #
% RC(N<% QV*K5Q<%$^$6P"%
$^`%
?3&$) 6"'E,&6%) "E)5#$&6)/%3"$) 5/%*//') %3/) O7/6"CP"2#') %7#.&%&"') #'.) 0#+,1$) %3/","(-)"E)
%3/) 67"$$) &$) 6/'%7#,) %") %3&$) %3/$&$) *3&63) #7(+/$) 6"'$&$%/'%,-) %3#%) $+63) %3/","(-) *#$) #')
&'</7$&"') "E)%3/) 6+77/'%) $"6&#,)/%3"$8) O,#'6-) &$)2#N&'()#) <#,&.) 4"&'%)*3/') $3/) $#-$) %3#%)
D5/6#+$/) f?) $63",#7$) 3#</) '"%) #6N'"*,/.(/.) %3#%) 7/,#%&"'$3&4$) "E) 4"*/7) */7/)
/25".&/.>) %3/-) 3#</)'"%) #447/6&#%/.) %3/) 6/'%7#,&%-)"E)0#+,1$)5".-) %") %3/) $+4/7C#4"$%,/$1)
6#24#&(') #(#&'$%) 3 & 2 D 8 9 9 B) H"*/</7>) O,#'6-) #,$") #7(+/$) %3#%) 0#+,1$) D5"#$%&'() "E)
5/#%&'($D) *#$) E"7)$%7#%/(&6) 7/#$"'$>)&8/8>)#$)2#7N$) "E)&./'%&E&6#%&"')*&%3) %3/) $+EE/7&'($)"E)
%3/) 67+6&E&/.)J37&$%>)#,%3"+(3) %3/) J"7&'%3&#'$)"5<&"+$,-)E#&,/.) %") #447/6&#%/) %3/) D2#',-)
<#,"+7) &')0#+,1$)$%"7-%/,,&'() 5".-D8 9 9 ;)
j#7$"') ("/$) #) ,&%%,/) E+7%3/7)%") $+((/$%) %3#%) 0#+,) *#$) &')E#6%)+$&'() #).#'(/7"+$) $%7#%/(->)
&8/8>) 5-) $%7"'(,-) &./'%&E-&'() *&%3) J37&$%) &') 3&$) */#N'/$$>) $&'6/) */#N'/$$) &') #) 2#')
6"''"%/.) 3+2&,&#%&"') #'.) ./(7#.#%&"') &') %3#%) 2"$%) 4"*/7C6"'$6&"+$) $"6&/%-8) 0#+,) *#$)
7/47"#63/.) 5-) 3&$) "44"'/'%$) E"7) 7/#$"'$) *3&63) 6"+,.) 5/) .&<&./.) &'%") %*") 2#&')
6#%/("7&/$R) Y&7$%>)3&$) ,#6N) "E)43-$&6#,)#44/#7#'6/) #'.) $N&,,$) #$) #)4+5,&6)$4/#N/7>) #'.) %3/)
E#6%) %3#%) 3/) 3#.) %3+$) E#&,/.) 2&$/7#5,-) &') %/72$) "E) 73/%"7&6#,) 4/7E"72#'6/8) \/6"'.>) 3&$)
4/7$"'#,) 63#7#6%/7>) *3&63) 3#.) 5//') 6,/#7,-) $3"*') &') 3&$) 4""7) ,&E/$%-,/>) 2#'+#,) ,#5"7>)
#'.) $") "'8)H"*/</7>) D%#N&'()J37&$%) #$) 3&$) 2"./,>)0#+,) #7(+/$) %3#%) */#N'/$$>) 3+2&,&%->)
#'.) $+EE/7&'()&') %3/) 6#+$/) #7/) 5#.(/$) "E) 3"'"+7) &') O".1$) /-/$) FA) J"78) @A8:C@`G8D9 9 :)
?3/7/) $//2$)%")5/) ,&%%,/) ."+5%) %3#%)0#+,1$)6"'E"72&%-)%")J37&$%)67+6&E&/.) FD67+6&E"72&%-DG)
*#$) #) 2"$%) ./,&5/7#%/) 63"&6/) #'.) #) ,&E/C,"'() 6"22&%2/'%) F@) J"78) A8Ab) 6E8) O#,8) S8@;G8)
X(#&'>) %3/) &'</7$&"') "E) %3/) $"6&#,) /%3"$) "E) %3/) J"7&'%3&#'$) 2+$%) 5/) <&/*/.) E 7"2) %3&$)
4/7$4/6%&</8)
@I(E15<% QV*(F.'E=Q<% !#U6a"%
@I(E15<% QV*(F.'E=Q<% !$&"%
e(0F*E<% QZ(F13I'E'.5Q<% &"%
0#+,) 7/E/77/.) %") 3&$) D6"+'%,/$$) E,"((&'($D)FA) J"78) @@8ABG) &') 6"''/6%&"') *&%3) 3&$) $/,EC
6"'E/$$/.) D*/#N'/$$D) F@@8A_>) B`G) #'.) 3/) *#$) '"%) #$3#2/.) "E) %3#%>) 5/6#+$/) $+63)
6"'E/$$&"')*#$) %3"7"+(3,-)6"'$&$%/'%) 3&$) $%7"'() 6"22&%2/'%) %"! #>#:2:#$! G;0#9:#)) M')%3&$)
6"''/6%&"') *3#%) 0#+,) $#&.) &') @B8;) *#$) /=%7/2/,-) &24"7%#'%R) DE"7) 3/) KJ37&$%L) *#$)
67+6&E&/.) &')*/#N'/$$D8)!+%)%3#%) *#$) '"%) %3/) /'.) "E)%3/) $%"7->)"%3/7*&$/) %3/7/) *"+,.) '"%)
3#</)5//') #'-) D("".)'/*$D) E"7)0#+,) %")47"6,#&28)?3+$>)*3#%) E",,"*/.) &22/.&#%/,-)*#$)
/V+#,,-) &24"7%#'%R)D5+%) KJ37&$%)'"*L),&</$)5-)%3/)4"*/7)"E)O".D>)$") %3#%) #$) "'/)*3")3#.)
5//') E+ , ,-) &./'%&E&/.) *&%3) J37&$%>) 0#+,) *#$) #5,/) %") 7/2&'.) %3/) J"7&'%3&#'$) *&%3)
6"'E&./'6/) %3#%) #,%3"+(3) 3/) #'.) 3&$) E/,,"*) #4"$%,/$)*/7/) D*/#N) &')3&2) K"7)*&%3) 3&2LD>)
%3/-) 6"+,.)#,$") D,&</) *& %3) 3&2)KJ37&$%L) 5-)%3/)4"*/7) "E)O".8D)M%)&$) &24"7%#'%)%")'"%/) %3#%)
4#7%) "E) J37&$%1$) D*/#N'/$$D) &') %3/) /-/$) "E) %3/) O7/6"CP"2#') *"7,.) *"+,.) #,2"$%)
+'."+5%/.,-) 5/) %3/) E,"((&'($)*3&63) 0&,#%/) &'E,&6%/.) "') 3&2)FI"3') @_8@b)$//) T#7N) @:8@:)
#'.) 4#7#,,/,) &')T#%%8) A98ASG8) k'/) &$) %/24%/.) %") %3&'N) %3#%) *3/') %3/) #4"$%,/$)D7/U"&6/.)
%3#%) %3/-)*/7/) 6"'$&./7/.) *"7%3-)%") $+EE/7)K%3/L).&$3"'"+7) K"E)E,"((&'($L)E"7)%3/) $#N/)"E)
%3/) '#2/) K"E)I/$+$LD) FX6%$):8) ;`>) ;@G>) %3/-) 6"+,.)*/,,) 3#</) 3#.) J37&$%1$) "*')E,"((&'($)
&') 2&'.8) X$) $+63>) %3/) 47"E"+'.)$/'$/) "E) $",&.#7&%-)*&%3) %3/) J37&$%) *3") "'6/)$+EE/7/.)
*"+,.) 5/) V+&%/) +'2&$%#N#5,/8)
!!"#&% .-Ig% P--(-R'*^0h+<% ('0(':! H/*)I22J-*%,! (5#<,% 4+(3(5E((<% +3;i'-4-*+! H%) =6U&% >3 12O%
*'2?idRl7% AB8C044%.'D4F% 7%N(F% L4(.4E% N'.C%0*KF"%/E14%7% 0414'+4K%F.*E'E="% 8C044%
.'D4F%7%N(F%FC'-N041J4K:%G*0%(%E'=C.%(EK%(%K(5%7%N(F%(K0'G.%(.%F4(:BO%
M') @@8A:)%3/) </75% 4--(-_'*a0i<) F E 7"2%-(-R'9**<)j#%&'! %#07#9! <28K808,) D5/#%&'() *&%3) 7".$DG)
*#$) #) P"2#') 4+'&$32/'%89 9 S) T#7%&') /,#5"7#%/$) "') %3&$R) D%3/) 4/'#,%-) "E) 5/&'() 5/#%/')
*&%3) 7".$) 3#$) #) %/63'&6#,) $&./>) 7/E/77&'() %") #) 4+'&$32/'%) &'E,&6%/.) 5-) %3/) P"2#')
U U _
% [(00'F<# A&-#=-,<78# 9>'?56-1% a^$"%
$!!%
2#(&$%7#%/$88880#+,) $+EE/7/.)%3&$) &'.&('&%-) %37//) %&2/$>) */) #7/) %",.b) #) E#6%)*3&63) &$) $#.)
/<&./'6/) %3#%) P"2#') ("</7'"7$) */7/)'"%) #,*#-$)2/%&6+,"+$)&')+43",.&'()%3/) ,#*) Fj&<-)
@`8_G>) #'.) #) 2&$6#77&#(/) 0#+,) 6"22/'%$) "') #$) 8881"+%7#(/"+$,-) %7/#%/.) #%) 03&,&44&1) F@)
?3/$$8) A8AG888 8M') 0#+,1$) 6#$/) %3/) 5/#%&'() *#$) #.2&'&$%/7/.) #$) #) 4+5,&6) *#7'&'(>) "7)
5/6#+$/) 3/) *#$) %7/#%/.) #$) #) $"6&#,) 4/$%8D9 9 9) M') %3/) 6#$/) "E) 0#+,>) %3/) #6%+#,) ,/(#,&%-) "E)
%3"$/) 6#$/$) "E) 5/#%&'($) E 7"2) *3&63) 3/) $+EE/7/.)*#$) '"%) #$) $&('&E&6#'%)#$) %3/) $"6&#,)
&24,&6#%&"'$) #'.) $-25",$) %3#%) */7/) #%%#63/.) %") &%8)?3&$) &$)U+$%) %3/) '/(#%&</) $&./) "E) %3/)
580#:29#9) 6#%#,"(+/8) M') %3/) O7/6"CP"2#') $"6&/%-) &%) *"+,.) 5/) %3/) (7/#%/$%) .&$3"'"+7>)
$3#2/)#'.) 3+2&,&#%&"') E"7)#)E7//)4/7$"') %")5/) $+5U/6%/.) %")*3&44&'($)4+5,&6,-) F$//) ^98BG8)
?3/) 5/#%&'() "E) 0#+,) 5-) %3/) P"2#') #+%3"7&%&/$) *#$) %#'%#2"+'%) %") %3/) ./'&#,) "E) 3&$)
P"2#') 6&%&W/'$3&4)#'.) %3/) &24,&6#%&"'$)#'.)6"'$/V+/'6/$)*/7/) /<&./'%,-)2"$%) $/7&"+$>)
5/6#+$/)"'/) "E)%3/)2#&').&EE/7/'6/$)5/%*//') %3/) 6"'.&%&"') "E)#) $,#</) #'.) #)E7//)2#')&')
P"2#') $"6&/%-) *#$) %3/) <+,'/7#5&,&%-) "E) %3/) E"72/7) %") 7/4/#%/.) 6"74"7#,) 4+'&$32/'%8)
\#&,/7) 3#$) '"%/.) %3#%) *3&44&'() "7) 5/#%&'() &') P"2#') $"6&/%-) D$-25",&6#,,-) 4+%) #) E7//)
2#') &') %3/) $/7<&,/) 6#%/("7-) #'.) $") ./(7#./.) 3&28D)?3+$>) D%3/) #6%) "E) 5/&'() *3&44/.)
#EE/6%/.)#)P"2#'1$) $%#%+$)5-)./%7#6%&'() E 7"2)3&$) 3"'"+7) %37"+(3)4+5,&6)3+2&,&#%&"') #'.)
#$$"6&#%&"') *&%3) %3/) ,"*/$%) 3+2#') E" 72) &') %3/) P"2#') *"7,.>) %3/) $,#</8D9 9 Z) ?3/7/) 3#$)
5//') $"2/) ./5#%/) #5"+%) 0#+,1$) $"6&#,) "7&(&'$) "7) $%#%+$8) X) 6"'$&./7#5,/) '+25/7) "E)f?)
$63",#7$) %#N/) %3/) 4"$&%&"') %3#%) 0#+,) /'U"-/.) 3&$) 47&<&,/(/) #$) #) P"2#') 6&%&W/') FX6%$)
@S8B9G) 5/E"7/) 3&$) J37&$%&#')6"'</7$&"'8) I+.(/) $+((/$%$) %3#%) 0#+,>) *3") 6#2/) E7"2) #)
.&$%&'(+&$3/.) I/*&$3) 6&76,/>) 5/,"'(/.) %") D%3/) 47&<&,/(/.) (7"+4) "E)H/,,/'&$%&6)E#2&,&/$D)
#'.) 4"$$/$$/.) D#') +'+$+#,,-) */,,) 5#,#'6/.) $/%) "E) $"6&#,) V+#,&E &6#%&"'$8D 9 Z `) H/'(/,)
$+((/$%$) %3#%) 0#+,) 6#2/) E 7"2) #) D4/%%-C5"+7(/"&$D) 2&..,/)6,#$$) E#2&,-) #'.) f&,$) a#3,)
U U U
% Z(0.'E<#C#3<4'75&')7?1% $UU"%9G"%S30E'FC<%f f# 3<4'75&')7?1% &!_"%U U a
% R('I40<% Q>3E'FCD4E.Q<%!&P"%U U `
% R44% V(004..<#2# 34'5',)6# )78#9:-;-5',)6# 3<..-75)4%# <7#5&-#2,5?# <$#5&-#2><?56-?% A\K'EL30=CM%8"% ]8"%
9I(0J<% !``aO<% #"a^!6#:%j3EE<# A&-#2,5?# <$# 5&-#2><?56-?% A>4.40L*0*3=CM%\-N*0.C%>04FF<%!``_O<%##$:%V0314<%
A&-#2,5?# <$# 5&-#2><?56-?% Ae*EK*EM%85EK(I4%>04FF<%!`_&O<%$P^6!"%U a ^
% T3K=4<#A&-#=<,')6# D)55-471% &U6a"%
$!#%
5/,&/</$) %3#%) 0#+,) *#$) 5"7') &'%") #) */,,C%"C.")E#2&,->) *3&,/) \#'./7$) %3&'N$) %3#%) 0#+,)
3#.) #)2&..,/) 6,#$$) +457&'(&'(8 9 Z A)!"%3)Q8)T 8)P#2$#-) #'.) ?3/&$$/') 5/,&/</) %3#%) 0#+,)
5/,"'(/.) %") %3/) 3&(3/7) $%7#%#) "E) $"6&/%-) #'.) 4"$$/$$/.) 6&%&W/'$3&4) "E) 5"%3) ?#7$+$) #'.)
P"2/) #'.) %3+$) /'U"-/.) D#') +'+$+#,>) 47&<&,/(/.) $%#%+$D89Z B)T#7$3#,,) #,$") &'$&$%$) %3#%)
0#+,1$) $"6&#,) $%#%+$) #'.) /.+6#%&"') */7/) /V+#,) %") 3&$) 7 &<# , $ 8 9 Z ;)?37#,,) 6"'6,+./$) %3#%)
D0#+,1$) "*') 2/'%&"') "E) %3/) %37//) P"2#') E,"((&'($) 3/) /'.+7/.) ."/$) '"%) 6#$%) $/7&"+$)
."+5%) "') %3/) 6,#&2) &')X6%$) %3#%) 3/) *#$) #)P"2#') 6&%&W/'8)X) 2&=%+7/)"E)<#7&"+$) /=%/7'#,)
6&76+2$%#'6/$) #'.) &'*#7.)2"%&</$) *"+,.) 5/) $+EE&6&/'%)%") #66"+'%) &') /#63)6#$/) E"7) 3&$)
$&,/'6/) 6"'6/7'&'() 3&$)4"$$/$$&"')"E)%3/) 6&%&W/'$3&48D9 Z :)
X$) 0#+,) *#$) #) I/*) #'.) 2"$%) 47"5#5,-) #) P"2#') 6&%&W/') #$) */,, >) &%) *"+,.) 5/) V+&%/)
7/#$"'#5,/) %") #$$+2/) %3#%) 3/) *"+,.) 5/) </7-) N'"*,/.(/#5,/) #5"+%) %3/) D$#'6%&%-D) "E) %3/)
3+2#') 5".->) /$4/6&#,,-) %3#%) "E) #! >2=,) &') 5"%3) I/*&$3) #'.) P"2#') %7#.&%&"'$) #'.) &')
6+77/'%) $"6&#,) /%3"$8) T"7/"</7>) '"*) #$) #) J37&$%&#'>) 3/) 3#.) ("'/) /</') E+7%3/7)
%3/","(&6#,,-) %") #$$/7%) %3#%) %3/) 5".-) "E) %3/) 5/,&/</7) *#$) &') E#6%) D#) %/24,/) "E) %3/) H",-)
\4&7&%D! A12$L% 8/b) #-&"+) */++611.*':<) @)J"78) S8@_G) 5-) *3&63) %") D(,"7&E-) O".D) FS8A`G8) M')
;8@@C@B)0#+,) "4/',-) %#,N/.)#5"+%) 3&$)5".-)5/&'() D3+'(7-) #'.) %3&7$%->)4""7,-)6,"%3/.) #'.)
5/#%/'D) #$) */,,) #$) (7"*&'()D*/#7-D) E 7"2) %3/) *"7N) "E)2#'+#,) ,#5"+78) M') A)J"78) ;8ZC@`)
3/) %#,N/.) #5"+%) 5/&'() D#EE,&6%/.) &') /</7-) *#-88867+$3/.8884/7$/6+%/.888$%7+6N)
."*'888#,*#-$) 6#77-&'() &') %3/) 5".-) %3/) ./#%3) "E) I/$+$Db) #'.) &') S8:C_>) D5/#%&'($>)
&247&$"'2/'%$888.-&'(8884+'&$3/.8D) Q3/') 6"24#7/.) *&%3) "%3/7$>) 0#+,) E/,%) </7-)
4/7$"'#,,-) #'.) .//4,-) %3#%) 3/) /=4/7&/'6/.) DE#7)(7/#%/7) ,#5"+7$>) E#7)2"7/) &247&$"'2/'%$>)
U a !
% [4E=4I<#A&-#D4-03&4'?5')7# D)+6% Ae*EK*EM%R9Z%>04FF<%!``!O<% !U"%j(CI<# =5+8'-?# '7#D)+6E# A&-<6<;%# $<4#
5&-#9)46%# 3&4'?5')7#F'??'<7% AZ'EE4(-*I'FM%?3=FL30=<%!`UUO<%$&"%U a #
% \ "% >"%R(EK40F<#D)+6% A/;G*0KM%/b><% !``!O<%! "%U a $
% W"%Z"%Y(DF(5<#=5G#D)+6# 5&-#A4)"-66-4# )78#5&-#H<.)7# 3'5'I-7% Ae*EK*EM%[*KK40%(EK%R.*3=C.*E<% !a`&O<%
$^6!:%8C4'FF4E<#A&-#=<,')6# =-55'7;1% $_%U a P
% Z(0FC(II<#97.'5%1% P^^"%U a &
% 8C0(II<% f f#3<4'75&')7?1% #"UP#"%[*N4+40<%Z4=='..%.(J4F%(E%*--*F'.4% +'4N%.C(.%B23F.%(F%.C4%4(0I5%9C301C%
S(.C40F%041*=E'F4K%C'D%k>(3Il%(F%(%Q1*DD*E%D(EQ%AK5*-(.*/<%(EK%C'F%1*E.4D-*0(0'4F%F(N%C'D%(F%*E4%*G%
-**0% A788b,/:O% F*%N4%FC*3IK%(IF*%-I(14%C'D%'E%.C'F%41*E*D'1%1*E.4;.B#JD<"-45%1% `_O"%
$!$%
*&%3) 6"+'%,/$$) E,"((&'($>)#'.) "E%/')'/#7)./#%3D) F@@8ABG8) H/)*#$) '"%) #$3#2/.) F#,%3"+(3)
3+2#',-) $4/#N&'(>) #$) #! 980%2=:) "E)O".) #$) */,,) #$) #) P"2#'! >2=,) 3/) $3"+,.) E//,)</7-)
#$3#2/.G) %") 6"'E/$$) 3&$) 43-$&6#,) $+EE/7&'()"4/',-) F@@8A;>) A:G8) ?3/) $+EE/7&'() #4"$%,/)
*#$) 6,/#7,-) '"%) $4/#N&'() D&') 4#7#5,/$D) 5+%) &') 7&63>) <&<&.) #'.) $",&.! CB$K1) ,#'(+#(/D)
*3&63) 6"+,.)"',-) 5/) E+ , ,-) +'./7$%"".) #66"7.&'() %") %3/) $"6&#,)/%3"$)"E)%3/) O7/6"CP"2#')
*"7,.8)
?3&$) %3/$&$) 3#$) /#7,&/7) 7/E/77/.)%") %3/) $%"7-) #5"+%) X'%&4#%/7)*3") /=4"$/.) 3&$) '+2/7"+$)
$6#7$)&')%3/)5".-) %")47"</)3&$) ,"-#,%-) %")J#/$#7)F$//) ^98BG8) T#7%-') &'!M262:#2=9) .7#*$)
#) 6,"$/) 6"24#7&$"') 5/%*//') X'%&4#%/7) #'.) 0#+,R) D#$) X'%&4#%/7) *#$) $#&.) %") 5/#7) "')
#,2"$%) /</7-) 4#7%) "E)3&$) 4/7$"') %3/) 2#7N$) "E)*"+'.$) $3"*&'()3&$) ,"-#,%-) %")J#/$#7>) $")
0#+,)4"&'%$)%")3&$)5".-)#$) & %)%/$%&E&/$)%")3&$)5/,"'(&'()%")%3/)67+6&E&/.)I/$+$8D9Z9)
T#7%-'1$) 6"24#7&$"') 5/%*//') X'%&4#%/7) #'.) 0#+,>) *3&,/) &'%/7/$%&'() #'.) <#,&.) %") #)
6/7%#&') /=%/'%>) 7/V+&7/$) $"2/) &24"7%#'%) V+#,&E&6#%&"') 3/7/8) ?") 5/(&') *&%3>) & %) *#$) %3/)
47#&$/) "E) %3/) 2#') FJ#/$#7G) #'.) "%3/7) 4"$$&5,/) 2"%&</$) %3#%) */7/) %3/) 6"'6/7'$) "E)
I"$/43+$1) $%"7-8) !+%) &') %3/) 6#$/) "E) 0#+,>) 3+2#') 47#&$/) #'.) "%3/7) #25&%&"'$) 3#.) ,"'()
5//') D67+6&E&/.D>) #'.) %3/) ,"-#,%-) 3/) '"*) 4,/.(/.) E"7) I/$+$) *#$) &') "5/.&/'6/) %") %3/)
.&<&'/) 6#,,&'() 3/) 7/6/&</.) E 7"2) 3&$) 2#$%/7>) #'.) 3&$) *3",/) , &E/) *#$) #)2"$%) 6"'<&'6&'()
%/$%&2"'-) %") %3&$) E#6%8) X$) $+63>) /</') &') %3/) 3/#%) "E) %3/) J"7&'%3&#') 6"'%7"</7$->) 3&$)
,"-#,%-) %")I/$+$)*#$) '/</7) 63#,,/'(/.) 5-)3&$) 7&<#,$)#'.) 67&%&6$8)
H"*/</7>) T#7%-') &$) &'$&(3%E+,) *3/') 3/) $#-$) %3#%) D%3/) 4#&'E+,) *"+'.$) 3/) 3#$) /'.+7/.)
#'.) 6"'%&'+/$) %") /'.+7/) &') 3&$) 47/#63&'() #7/) ,&N/) %3"$/) /'.+7/.) 5-) I/$+$>) &') %3/) $/'$/)
%3#%)0#+,1$)"*')&'U+7&/$)#7/) &'E,&6%/.)5-) %3/) $#2/)4"*/7$) %3#%) 67+6&E&/.)I/$+$)F@)J"78)A8Zb)
U a _
% T*F4-C3F<#K)N)%!"!`$<% !`U"%U a U
% Z(0.5E<#B)6)5')7?1% &_a<%E"U$"%
$!P%
O#,8) ;8@_b) 6E8) !"7$/G8) Y"7) %3&$) 7/#$"') 3&$) $6#7$) #7/) '"%3&'() "%3/7) %3#') %3/) 47/$/'%)
/4&43#'-) "E)%3/) 67+6&E&=&"')"E)I/$+$)FA)J"78);89C@`G8D 9 Z Z) k'/) 6"+,.)4/73#4$)/,#5"7#%/)"')
%3&$) #) ,&%%,/) *& %3) %3/) $+((/$%&"') %3#%) &%)*#$) &')0#+,1$) &./'%&E&6#%&"') *&%3) T#$%/7>) "7) &') %3/)
6"'%/=%) "E! #>#:2:#$! G;0#9:#,) %3#%) 3/) $#&.) &')O#,8)S8@9) %3#%) 3/) 6#77&/.) D%3/) 2#7N$) "E)I/$+$)
57#'./.) "') 3&$) 5".-D>) #'.) &')A)J"78) ;8@`) %3#%) 3/) *#$) D#,*#-$) 6#77-&'() &') %3/) 5".-) %3/)
./#%3) "E)I/$+$>) $") %3#%) %3/) , &E/) "E)I/$+$)2#-) #,$")5/) 2#./) <&$&5,/)&')"+7) 5".&/$8D) 0#+,1$)
4#7#."=&6#,) $%#%/2/'%) #5"+%) D./#%3D) #'.) D , & E / D) &$) 4#7%&6+,#7,-) 7/</#,&'() #'.)4"*/7E+,)
3/7/8) !7+6/) '"%/$R) D%3/) 12#7N$) "E)I/$+$1) *3&63) 3/) 6#77&/.) &') 3&$) 5".-) #7/) #66/4%/.) 5-)
3&2) #$) %3/) 2#7N$) "E) 57#'.&'() "7) %#%%""&'() *3&63) 6/7%&E&/.) %3#%) #) $,#</) F/$4/6&#,,-) #)
7/6#4%+7/.) 7+'#*#-) $,#</G) *#$) %3/) 47"4/7%-) "E)%3&$) "7) %3#%) "*'/78D 9 Z _) I"3') 0"5//)4"&'%$)
"+%) %3#%) %3/) $6#7$)0#+,) 6#77&/.) #7/) D%3/) $&(') "E)#4"$%,/$3&48D9_`) ?#N&'()O#,8)S8@@C@9)#$) #)
*3",/>) D%3/) 4#7#."=) "E)%3/)67"$$)&$)6/'%7#,) %")%3&$)4#$$#(/>)#'.) $") &$)%3/) 7/47/$/'%#%&"') "E)
I/$+$1)$+EE/7&'($)5-)3&$).&$6&4,/8D9 _ @)
M') 03&,8) B8@`) 0#+,) 3#.) &') E#6%) ("'/) 5/-"'.) %3/) 6#77-&'() "E) D%3/) 2#7N$) "E) I/$+$D>) #'.)
%#,N/.) #5"+%) E + , ,) &./'%&E&6#%&"')*&%3) J37&$%R) D M) *#'%) %")N'"*)J37&$%) #'.) %3/) 4"*/7) "E)3&$)
7/$+77/6%&"') #'.) %3/) $3#7&'() "E)3&$) $+EE/7&'($)5-) 5/6"2&'() ,&N/) 3&2)&') 3&$) ./#%3D8) \+63)
*#$) 4/73#4$) %3/) +%%/72"$%) , &2&%) "E! #>#:2:#$! G;0#9:#)) ?3/) $%#%/2/'%) %3#%) &22/.&#%/,-)
E",,"*$) $+((/$%$) %3#%) $+63) 47"E"+'.) ./$&7/) %") *#'%) %") 5/) E+ , ,-) &./'%&E&/.) *&%3) %3/)
67+6&E&/.)J37&$%)*#$) #,$").//4,-) &'$4&7/.)5-) %3/) /$63#%","(&6#,) 3"4/)"E) 7/$+77/6%&"'R) D & E)
$"2/3"*) M)2#-) #%%#&') %3/) 7/$+77/6%&"') E 7"2) %3/) ./#.D) FB8@@G8)H/7/) 0#+,) 3#.) "',-)4+%) &%)
&') #)7#%3/7) +'#$$+2&'() *#-)*3/')3/) V+#,&E&/.)3&$)3"4/)*&%3) %3/)*"7.$) D & E) $"2/3"*D8)
Z(0.5E<#B)6)5')7?1% &_`"%U a `
% V0314<# A&-# 9>'?56-# <$# D)+6# 5<# 5&-# B)6)5')7?E# 2# 3<..-75)4%# <7# 5&-# B4--!# A-:5% A\;4.40M%8C4%
>(.40E*F.40%>04FF<%!`a#O<% #U&"%U ` ^
% T"% R"%>*L44<# D-4?-,+5'<7# )78#F)45%48<.# '7# 5&-# A&-<6<;%# <$#=5G# D)+6% ARC4GG'4IKM% RC4GG'4IK%?1(K4D'1%
>04FF<% !`a&O<%`&"%U ` !
% [(EF*E<#D)4)8<:1% a_"%
$!&%
X,%3"+(3) %3/7/) &$) '")f/*)?/$%#2/'%) 7/6"7.) #5"+%) 0#+,1$) 3#<&'()5//') D$3&4C*7/6N/.D)
#'.) 5/&'()D#) .7&E %) #%) $/#D) +'%&,) %3/) ,#%/7)4#7%)"E)3&$)2&$$&"'#7-)U"+7'/-$) FX6%$) A9G>)%3/7/)
&$) '") ("".) 7/#$"') %") ."+5%) %3/) 3&$%"7&6&%-) "E)3&$) 7/E/7/'6/>) E"7)%3/7/) *#$) '"%3&'()</7-)
(,"7&"+$) #5"+%) $+63) &'6&./'%$>)/=6/4%) %") $3"*)%3#%) 3&$) $+EE/7&'($)*/7/) &'.//.) /'"72"+$)
#'.)</7-)<#7&/.8)
!!"#_% *R*E0*-'*(':% '0*??('(1"<% )7cRbc/):% '0*8(h'(O+<! OPQLQQRPL% ?E(613+<% )7cRbc/):% 4.1%
54+*3':<) d&E\+E"&68% 4m% 4@+1*+<# ('"M""<',1# !"% 6'0*?4'<% )7c_bc/79"# !"% 4-0-35<% )7cRW/):# !"#
V(,((*02<% )7caW/7n:# !"% oTf4'O_(&4?Pp*'n:<AB*E%G04g34E.% 2*30E45F<% 'E%K(E=40% G0*D%0'+40F<%
K(E=40% G0*D%L(EK'.F<% K(E=40% G0*D%D5%*NE%-4*-I4<%K(E=40% G0*D%@4E.'I4F<% K(E=40%
'E%.C4%1'.5<%K(E=40% 'E%.C4%N'IK40E4FF<%K(E=40%(.%F4(<%K(E=40% G0*D%G(IF4%L0*.C40F%(EK%
F'F.40F:BO%
c&(3%) %-4/$) "E) D.#'(/7$D) F# ('"M""<',1) G) #7/) $&'(,/.) "+%) &') @@8AS8) \"2/) */7/) 6,"$/,-)
#$$"6&#%/.) *&%3) 0#+,1$) 6"'$%#'%) %7#</,$>) $+63) #$) D.#'(/7) E 7"2) 7&</7$8887"55/7$888&') %3/)
*&,./7'/$$D8) X , ,) %3/$/)*/7/) "',-) %")5/) /=4/6%/.) &')%3/) #'6&/'%) P"2#') c24&7/)#$) E#7)#$)
%7#</,$) */7/) 6"'6/7'/.>) ./$4&%/) %3/! S2(! T$>2=2) *3&63) 4/"4,/) .&.) (/'/7#,,-)/'U"-8)
k%3/7).#'(/7$) 6#2/) E 7"2)4/"4,/)*3")*/7/)3"$%&,/)%")0#+,)#$) #)2/$$/'(/7)"E)%3/)("$4/,>)
*3/%3/7) I/*$) FD2-) "*') 4/"4,/DG) "7) DO/'%&,/$D8)?3/) .#'(/7) E 7"2) DE#,$/) 57"%3/7$) #'.)
$&$%/7$D)*#$)2/'%&"'/.)$/4#7#%/,-) E 7"2)%3/).#'(/7$) E 7"2)5"%3)F47/$+2#5,-)+'5/,&/<&'(G)
I/*$) #'.) O/'%&,/$8) ?3&$) *#$) 4#7%&6+,#7,-) $&('&E&6#'%) 5/6#+$/) +',&N/) %3/) +'5/,&/<&'()
I/*$)#'.)O/'%,/$>) %3"$/) DE#,$/)57"%3/7$) #'.)$&$%/7$D) *"+,.)2"$%)47"5#5,-)5/)4/"4,/)*3")
6,#&2/.) "7)47/%/'./.) %")5/) E/,,"*) J37&$%&#'$) ,&N/) 0#+,8)X$) $+63>) &%)*"+,.) 5/) 7/#$"'#5,/)
%") $+((/$%) %3#%) 0#+,) 6"+,.) 3#</) /'%7+$%/.) 3&2$/,E) %") %3/2) "7) 6"'E&./.)*&%3) %3/2>) #)
7#%3/7) .#'(/7"+$) %3&'() %") .") &') #) $"6&/%-) *3&63) *#$) (/'/7#,,-)3"$%&,/) %") %3/) 7/,#%&</,-)
'/*) 5+%) 2+63) 2&$+'./7$%"".) J37&$%&#')2"</2/'%8) M E)$+63) *#$) &'.//.) %3/) 6#$/>) %3&$)
$!_%
!"#$%&'("#) *+",-.#*) /#01) */"(2.)3#0$4.#2) ",+) 2%2$.#2*) 50'(+) 3.) 4"#+.#) $4",)102$)0$4.#)
+",-.#2)/0#)6"'()$0)3."#7)3.&"'2.)%$)%,80(8.+)")&.#$"%,)9%,+)0/)3.$#":"()"-"%,2$) 4%1;)6"'()
1'2$) 4"8.) /.($) %$)+..!(:) ",+;)!.#20,"((:;) <$)50'(+) "(20)3.) #."20,"3(.)$0)&0,=.&$'#.)$4"$)
2'&4) */"(2.)3#0$4.#2) ",+) 2%2$.#2*) &0'(+) "(20) 3.) !#.2.,$) %,)$4.) >0#%,$4%",)&0,-#.-"$%0,)
540) 5.#.) 50#9%,-) "-"%,2$) 4%1)='2$) "2) 4%2) 0$4.#) #%8"(2)",+) &#%$%&2) +%+;)?2)@"##%2) 4"2)
#%-4$(:)032.#8.+7) A*+",-.#2)"10,-)/"(2.)3#0$4.#2A) 2$",+2)"(0,.)"$)$4.).,+)0/)6"'(A2) (%2$7)
!#03"3(:) 3.&"'2.)4.) 8%.5.+)%$)"2) $4.)102$) 4'#$/'() ",+) %,2%+%0'2)!.#%() 0/) "((;)BC$.#,"()
+",-.#2) $4"$) $4#."$.,.+) 4%2) 05,) (%/.) 5.#.) 0,.) $4%,-D) $#."&4.#0'2) 0!!02%$%0,) $4"$)
',+.#1%,.+) 4%2) 50#9) 5"2) E'%$.) ",0$4.#) $4%,-;) @.) &0'(+) &0!.) 5%$4) (%/.F$4#."$.,%,-)
4"G"#+2)/#01)5%$40'$)10#.)."2%(:)$4",)5%$4)50#9F',+.#1%,%,-)!.#%(2)/#01)5%$4%,;*H I J)
!!"#$% &K'()L% &*+) ,0MN0L7! "#! $%&'(#)*+,) %#0?;?;"%"OD7! "#! -*.*/0! 123) P,-. /0!1! "#! #*.$45$*+,!
%#0?7Q"R%OD7! "#) %.2SC.%% &34! %.6.*#78'.4*9% 5642%7*48%32+%93:+;94<1%79:*=>9%?32@%3% ;8AA<8A;;%
24>971%9=2>:@%32+%794:;7@1%*B7A2%C479*=7%B**+1%D*8+%32+%23EA+"6F%
T'&4)0/)54"$)6"'()1.,$%0,.+)4.#.)"(#."+:)0&&'##.+)%,)$4.!"#$%&'(&%&) &"$"(0-'.) 2'&4)"2)
U) >0#;) V;UU) ",+) UJ;)?($40'-4) $4.) 50#+2) *1",:) ") 2(..!(.22) ,%-4$;;;&0(+) ",+) ,"9.+*)
"!!."#)#"$4.#) ,.5)4.#.7) $4.:) "++),0)2%-,%/%&",$)2'32$",&.)$0)54"$)6"'()5"2) 2":%,-7)"2)
$4.2.)5.#.),"$'#"((:)$0)3.).C!.&$.+) %,)$4.)4"#24) (%/.)2$:(.)0/)$4.)"!02$(.;)
6"'(A2) 1%2.#"3(.) (%/.7) %,&('+%,-) .C$#.1.) 1"$.#%"() !08.#$:) "$) $%1.27) /0#1.+) ") 2$"#9)
&0,$#"2$) $0)$4.) /'((,.22)",+) #%&4,.22) WV;XD)&/;) UU;JUL)0/)$4.) 2.(/F&0,&.%$.+)",+)30"2$/'()
>0#%,$4%",27) 54%&4) 50'(+) %,&('+.)1"$.#%"()"3',+",&.;) Y4%2)5"2) 0/)&0'#2.) 0,.) 2%+.)0/)
$4.)2$0#:;)Y4.)0$4.#)2%+.)5"2)$4.)2%1!(.)/"&$)$4"$)6"'(A2)1"$.#%"()!08.#$:)5"27)"$)(."2$)%,)
!"#$7) +'.) $0) 4%2) #./'2"() 0/) 2'!!0#$% G@) $4.) >0#%,$4%",27) 54%&4) 4"+) &0,$#%3'$.+)
$ H #
% I3::4;1! 8:;!<;=7(>! ?&*@AB;,% JKJ"%
L!$%
2%-,%/%&",$(:)$0)$4.%#).2$#",-.+)#.("$%0,24%!;)Z.$7)$4.)*/00(*)0/)>4#%2$)&0'(+)"(5":2) +#"57)
!"#"+0C%&"((:7) -#."$) &01/0#$) ",+) 2.(/F&0,20("$%0,) /#01) 4%2! %)%'('%*! +,$%&'%-) *"2)
20##05/'(7):.$) "(5":2) #.=0%&%,-D)"2)!00#7) :.$)1"9%,-)1",:) #%&4D) "2) 4"8%,-),0$4%,-7)",+)
:.$)!022.22%,-).8.#:$4%,-*)WJ)>0#;)K;U[L;)
Y4.)!#03(.1)3.$5..,) 6"'() ",+) 4%2) &#%$%&2) %,)>0#%,$4)"!!"#.,$(:) 4"+) $0) +0) 5%$4)6"'(A2)
#./'2"() 0/)1"$.#%"() 2'!!0#$) /#01) $4.) >0#%,$4%",27) .2!.&%"((:) 2%,&.) 6"'() 4"+) 038%0'2(:)
"&&.!$.+) 2'!!0#$) /#01) 0$4.#) &4'#&4.2;) H I \) <$) %2) 038%0'2) /#01) $4.) >0#%,$4%",)
&0##.2!0,+.,&.)$4"$) &.#$"%,) %,/('.,$%"()",+)!05.#/'()!"$#0,2)%,)$4.)&4'#&4)5.#.) "(#."+:)
.C.#$%,-) ")-#."$) +."() 0/) %,/('.,&.)0,)1.13.#2) 0/) $4.) &0,-#.-"$%0,;) Y4.) 2.,2%3(.) ",+)
!.#&.!$%8.) 6"'() 50'(+),0$) 5",$) $0)&01.)',+.#) $4.) %,/('.,&.)0/)$402.)!"$#0,2) ",+) /.($)
%,+.3$.+) $0) $4.1) 3:) "&&.!$%,-) $4.%#) /"80'#;) N'$) 6"'(A2) 3.4"8%0'#) &0'(+) 5.(() 3.)
!.#&.%8.+) "2) *") 8%0("$%0,) 0/)$4.)&0,8.,$%0,) 0/)/#%.,+24%!)0#)!"$#0,"-.*7HIV)"2)>405) 4"2)
,0$.+;)T"#24"(()/0&'2.2)0,) $4.)&0,/(%&$)3.$5..,) 6"'() ",+)4%2)>0#%,$4%",)&#%$%&2)%,)(%-4$)
0/) ]#.&0F^01",) 20&%"() &0,8.,$%0,2;) T"#24"(() 2'--.2$2) $4"$) $4.) ]#.&0F^01",)
&0,8.,$%0,2) 0/)/#%.,+24%!)5.#.)3"2.+)0,)$4.) !"$$.#,) 0/)-%8%,-7) #.&.%8%,-) ",+)#.$'#,%,-;)
_"%('#.) $0) "+4.#.) $0) $4.) 03(%-"$%0,)0/) /#%.,+24%!;;;&0'(+) 3#%,-) "30'$) .,1%$:;HI P)6"'(7)
540) 5"2) !#03"3(:) /"1%(%"#)5%$4) 2'&4) 20&%"() &0,8.,$%0,27) 5"2) 038%0'2(:) !#.!"#.+) $0)
$"9.)$4.) #%297)",+) $4'2)!"%+) $4.)!#%&.) /0#)4"8%,-)$0)&0,2$",$(:) /"&.)4',-.#) ",+) $4%#2$7)%,)
0#+.#) $0)3.)/#..)/#01)03(%-"$%0,)",+)%,+.3$.+,.22)$0)4%2) *!"$#0,2*;)
!!"#J) CM!`) Y 5
M NO
% 4:3<A&(*PQ) #a% A43*(3*4D) '0%! '.% &RST A) #!.!"87! '.! .*"&*.*#$% 7:3*34O% ( ) F U%
"11B'.$*5C#D% 56V2+1%GA;4+A;%*79A:% 7942>;1% '% 3?%=2+A:% +348@% <:A;;=:A% GAD3=;A%*B%?@%
32W4A7@% B*:%388%79A% D9=:D9A;"6F%
X">"1%Y948"%Z"![1% !\Q%#%S*:"%!!"J"%
S9*C1!E$A'7($F;,% !JJ"%
]3:;93881!?()*A%,% !^#!"%
L!J%
Y402.) 2'//.#%,-2)",+)+",-.#2)$4"$) 6"'() 4"+) 20) /"#)1.,$%0,.+) %,)$4.!"#$%'(&%&) &"$"(0-'.)
%,) UU;J\FJH)("#-.(:)%,80(8.+)$4.)1"$.#%"()",+)!4:2%&"()"2!.&$2)0/)4%2) (%/.;)N'$)*$4.)+"%(:)
!#.22'#.*)'!0,)4%1)#.2'($%,-)/#01)4%2) *",C%.$:)/0#)"(()$4.)&4'#&4.2*) W(F) '%!%';8"! 1G2/HCI!
.+/0% \&&_( .R, W \U L) 1.,$%0,.+) %,)UU;JX7)&0'(+)3.) 2"%+) $0)3.)3"2%&"((:)1.,$"() ",+)2!%#%$'"(;)
b'&4) 5"2) $4.) !"2$0#"() 2%+.) 0/) $4.) 2.#8",$) 0/) >4#%2$) 54%&4) 201.$%1.2) -0$) 4%++.,7)
.2!.&%"((:) %,) $4.) 1%+2$) 0/) 4."$.+) +.3"$.) ",+) &0,$#08.#2:;) Y4.) #./.#.,&.) $0) *"(() $4.)
&4'#&4.2*) %,) UU;JX3)5"2) &(."#(:)1.",$) $0) %,+%&"$.) $4.) .C$.,$) ",+)1"-,%$'+.) 0/)6"'(A2)
!"2$0#"() ",C%.$:) ",+) &0,&.#,;) N"2.+) 0,) 2$'+:) 0/) $4.) $.#1% 4:3<A&7*DQ) %,) UU;JX7)@"##%2)
2'--.2$2)$4"$) *"2) 5.)108.) /#01)88;J\3FJH) $0)88;JXFJI)5.)"#.) ,0$)1.#.(:) !#0-#.22%,-)
/#01).C$.#,"() $0)%,$.#,"()4"#+24%!2) 3'$) /#01)8"#%0'2) %,$.#1%$$.,$)!4:2%&"()4"#+24%!2) $4"$)
(":) %,)$4.)!"2$)$0)")2%,-(.)&0,2$",$) 2!%#%$'"()3'#+.,)0/)$4.)!#.2.,$;*) N.2$A2)&011.,$)%2)
"(20)4.(!/'(c) *6"'(A2) /%,"() !0%,$) "30'$) 4%2) 2.#8%&.) $0)>4#%2$) #.("$.2) $0) $4.) %,5"#+)5."#)
",+) $."#)0,)4%2) 1%,+) ",+) 20'(7)201.$4%,-) .8.,) 10#.) +%//%&'($)$0)3."#)$4",) 4%2)!4:2%&"()
2'//.#%,-2;)Y4.#.)5.#.)2(..!(.22),%-4$2) "#%2%,-)/#01)4%2)",C%.$:)"30'$) 0,.) 0#)",0$4.#)0/)
4%2) &4'#&4.2;*HIH)
!!"#H! -3J% 3*)AOA4% & R `% R ` &% +*)AODaQ% (,P Q% 3&3Oa3V"75A(*3% &RSb% R ` &% A@D*% 4:=<*R.434Q% 56c9*%
4;%CA3E1%32+%'%3?%2*7%CA3Ed%c9*%4;%?3+A%7*%;7=?G8A1%32+%'%3?%2*7%42+4>2327d6F%
_#01)$4.) %11.+%"$.)&0,$.C$)0/)UU;J\F\\7)%$)%2)+%//%&'($)$0)9,05)54"$)!#.&%2.(:)6"'() 5"2)
$#:%,-) $0)2":)54.,)4.)"29.+)$4%2)E'.2$%0,;)Y4.)',+.#2$",+%,-) 0/)$4.)8.#2.)1":)4"8.)$0)
+.!.,+) ("#-.(:)0,)$4.)1'&4)("#-.#)&0,$.C$)0/)$4.)>0#%,$4%",)&0##.2!0,+.,&.;) d,.)$4%,-)
2..12)$0)3.)!#.$$:)&.#$"%,)"2) /"#)"2) $4.)&01!02%$%0,)0/)$4.)>0#%,$4%",)&0,-#.-"$%0,) 5"2)
&0,&.#,.+;) <,)$.#12) 0/)20&%"() 2$#"$"7)0,(:)201.)5.#.) *#%&4*) ",+) *!05.#/'(*)%,)1"#9.+)
&0,$#"2$) $0) $4.) 1"=0#%$:)540) 5.#.) !00#) ",+) 5."9) WU) >0#;) U;JKL;) <$) 50'(+) "(20) 3.)
$ H \
% I3::4;1! 8:;! <;=7(>! ?&*@AB;,% J!!"%$ H $
% eA;71!<;=7(>! K7'*(A:*$(@,% !!L"%
L!H%
#."20,"3(.)$0)"22'1.)$4"$)$4.)#%&4)",+)$4.)!05.#/'()5.#.)0/$.,)$4.)30"2$/'()",+)$4.)2.(/F
&0,&.%$.+;)?2)2'&47)$4.)!00#)",+)5."9)&0'(+)E'%$.)."2%(:)3.&01.) $4.)!#.:)0/)$402.)540)
5.#.) %,) $4.) '!!.#) 2$#"$") 0/) 20&%.$:7) ",+) $4.) !00#) ",+) 5."9) 5.#.) "!!"#.,$(:) 3.%,-)
20&%"((:)+%2#.-"#+.+) 3:)$402.)"308.) $4.1;)T0#.08.#7)$4.) 20&%"()",+)10#"()3.4"8%0'#)0/)
$402.)%,)$4.)'!!.#) 2$#"$") 2..1.+)$0)4"8.)0/$.,)&"'2.+)$4.)5."9)",+) $4.)!00#)$0)2$'13(.)
",+) /"((;) <$) 5"2) 102$) !#03"3(:) /0#) $4%2) 1"%,) #."20,) $4"$) $4.) &"#%,-) "!02$(.7) 540)
038%0'2(:)5"2),0$)"24"1.+)$0)%+.,$%/:)4%12.(/)5%$4) $4.)5."9)",+)$4.)!00#7)4"+) 3.&01.)
*%,+%-,",$*)54.,.8.#)4.)2"5)$4.)/"(()0/)$4.)5."9)",+)$4.)!00#;)
Y4.) #4.$0#%&"()E'.2$%0,) *540)%2)5."97) ",+) <) "1),0$) 5."9e*) %,) UU;JI")1%-4$)%,+%&"$.)
$4"$)6"'()5"2),0$)',"5"#.) 0/)4'1",)5."9,.22)",+)$4.)5."9.#)1.13.#2) 0/)4%2) /(0&9)%,)
>0#%,$4;)<$)&0'(+)"(20)3.)%,$.,+.+)"2)",).,&0'#"-.1.,$) $0)$4.)5."9)5%$4)5401)4.)/'((:)
%+.,$%/%.+;)?2)0,.)540)5"2)9..,(:)"5"#.) 0/)4%2)05,)5."9,.22)%,)1",:)5":27)6"'()5"2)
%,) $4.) 3.2$) !02%$%0,) $0) !#0$.&$) $4.) %,$.#.2$) 0/) $4.) 5."9) ",+) $0) &4"1!%0,) $4.%#)&"'2.;)
_'#,%24) 4"2) !'$) $4.) 2&40("#2A) 8%.52)0,)6"'(A2)!#03(.1)%,$0)$4#..) 3#0"+)&"$.-0#%.2c) WUL)
?2) 201.)9%,+)0/)!.#20,"() ",C%.$:)0#)2!%#%$'"()$0#1.,$D)WJL)?2)201.)/0#1)0/)!4:2%&"()0#)
1.,$"()%((,.22D)W\L)^.("$.+)$0)!.#2.&'$%0,)54%&4)6"'()0/$.,).C!.#%.,&.+;HIX) T"#$%,),0$.2)
$4"$) $4.) 8.#3! $$JA#L#) W*$0) 3.) 5."9*L) %,) UU;JI) %2) ") 9.:) 50#+) %,) $4.) *_00(A2) b!..&4*)
WUU;JU"7)\[D) UJ;P7)I7) U[L7) <$)&0'(+)4"8.)")5%+.)#",-.)0/)1.",%,-2c) *30+%(:)5."9,.22)0#)
2%&9,.22;;;0#) $4.) #.(%-%0'2)2.,2.)0/)") 2.,2%$%8.) &0,2&%.,&.) W^01;) UV;U7)JD) UP;UD)U)>0#;)
X;UU7) UJL7)0#) ") $#"%$) 0/) %,"3%(%$:) $0) (."+) 5%$4%,) $4.) &0,-#.-"$%0,) WU)>0#;) X;IFUUD) U[;UP7)
\UL;* H I I) N"##.$$) 4"2) #%-4$(:) ,0$%&.+) $4.) !"#"+0C%&"() ,"$'#.) 0/) 6"'(A2) 2$"$.1.,$) %,) 4%2)
&011.,$) 0,) UU;JIc)*6"'() +.&("#.2)$4"$) 4.) %2)5."97) ",+) $4"$) %$) %2) %,)4%2)5."9,.22)F)4%2)
$ H J
% f=:24;91%/ /!K7'*(A:*$(@,% [ZJ^H"% aAA% g["#"%$ H H
% ]3:7421!H!K7'*(A:*$(@,% LJ#"%
L#K%
4'13(.)",+) 4'1%(%"$.+) 3.4"8%0'#7)4%2)!08.#$:7)4%2)',%1!#.22%8.)"!!."#",&.)F)$4"$) $4.)
!05.#)0/)>4#%2$)%2)1"+.) 9,05,;*X [ [)
_0#3.2) 2'--.2$2)$4"$)54%(.) *!0!'("#).C.-.2%2*) $.,+2) $0) $4%,9) $4"$)6"'(A2) 2.(/F&0,/.22.+)
*5."9,.22*) 5"2) $4.) "!02$(.A2) 05,) "5"#.,.22) 0/) 4%2) 05,) *%,"+.E'"&:) /0#)]0+*7)%,)
&0110,)@.((.,%2$%&)'2"-.)"2)5.(() "2) %,)6"'()4%12.(/7)$4.)$.#1)+0d.8.%")&"##%.2)*2$#0,-)
20&%"() &0,,0$"$%0,2*c) *A5."9,.22A) %2) $4.) 2$"$.) 0/) $402.) 5%$40'$) !05.#) 0#)
2$"$'2;;;;Af."9,.22A) &0,,0$.2) 4'1%(%"$%0,) %,)$4.).:.2)0/)0$4.#27)#"$4.#)$4",) %,"+.E'"&:)
JK!%
%,)0,.A2)05,;*) _0#3.2A) 032.#8"$%0,)%2)&.#$"%,(:)4.(!/'(7)"($40'-4)%,)$4.)&01!(.C%$:)0/)
6"'(A2) $4%,9%,-) ",+) .C!.#%.,&.7) $4.) 50#+) +0I.8.%") !#03"3(:) 4"+) ") 5%+.#) #",-.) 0/)
1.",%,-2) /0#)6"'()$4",)='2$)$4.)20&%"()"2!.&$;)6"'()4%12.(/)1%-4$)!.#4"!2) $4%,9)$4"$)4%2)
.,$%#.)"!02$(.24%!)5"2) &4"#"&$.#%G.+)3:)*5."9,.22*;) ?,+#.5) %2)$4.#./0#.)E'%$.)#%-4$)%,)
+.2&#%3%,-)6"'(A2) "!02$(.24%!)"2)*"!02$(.24%!)0/)5."9,.22*;X[J) N("&9)"(20)!0%,$2)0'$)$4"$)
/0#) 6"'() *5."9,.22) %2) ") 2%-,) 0/) "!02$(.24%!*c) >4#%2$) 4%12.(/) 5"2) A*&#'&%/%.+) %,)
5."9,.227) 3'$)(%8.2)3:)$4.)!05.#)0/)]0+A) WU\;VL;)_"#)/#01)&0,$#"+%&$%,-)$4.)-02!.(7)$4.)
2'//.#%,-27) (%1%$"$%0,27) ",+) 5."9,.22.2) 0/) $4.) "!02$(.) "#.) 540((:) &0,2%2$.,$) 5%$4) %$)
3.&"'2.)$4.)2'//.#%,-27)(%1%$"$%0,27) ",+)5."9,.22.2)0/)g.2'2)&01!#%2.)$4.)8.#:)&0#.)0/)
$4.) -02!.(A2) 1.22"-.;*X[\) N("&9) 2'12) '!) 4%2) !02%$%0,) 0,) $4.) 1"$$.#c) *$4.) 6"'(%,.)
5."9,.22) 10$%/) %2) &01!02.+) 0/) $4#..) 2'3F$4.1.2c) $4.) ",$4#0!0(0-%&"(7) $4.)
>4#%2$0(0-%&"(7) ",+) $4.) .$4%&"(;)Y4.#.) "#.) $4.) $4#..) %,2.!"#"3(:) #.("$.+) &01!0,.,$2)0/)
6"'(A2)-02!.()"2) 5.( ( ; * X [ V)
_0#) 6"'(7) ',(%9.) $4.) 50#(+(:) >0#%,$4%",2)540) 8%.5.+) 4'1",) 2$#.,-$4) ",+) 5."9,.22)
("#-.(:) /#01) $4.) !.#2!.&$%8.) 0/)&'##.,$) 20&%"() .$4027) $4.#.) 5"2) ",0$4.#) +%1.,2%0,)$0)
e3::A771!<;=7(>! ?&*@AB;,% LK#%
f*:GA;1% hS*?<3:4;*2h1%!H"%
V2+:AC;1% h(**%cA3Eh1%#\L"%
e83DE1!M;$"(;@@,% !LH"%
e83DE1!M;$"(;@@,% ##J"%
L#!%
*5."9,.22*) /#01) $4.) !.#2!.&$%8.) 0/) 6"'(A2) ',+.#2$",+%,-) 0/) $4.) ã) 3.&"'2.) *4.)
h>4#%2$i)5"2)&#'&%/%.+)%,)5."9,.22*)WJ)>0#;)U\;VL;)
!!"LK) B$% &3=Wj0]"%) b.$7% 6D3)$#%-) "0k.8.%"&! .*7#! 1$.64'.$7N*$*D% 56'B%'% ?=;7% G*3;71% '% C488%
G*3;7%*B%79A%7942>;% 7937%;9*C%?@%CA3E2A;;"6F%
</) $4.) !05.#)0/)]0+)5"2) %,+..+)+.10,2$#"$.+) %,)$4.)5."9,.22)0/)>4#%2$A2) &#'&%/%C%0,7)
54%&4) 5"2) 2:130(%&)0/)4'1",) 2'//.#%,-) %,)%$2).C$#.1%$:7)%$)5"2) $40#0'-4(:)(0-%&"()/0#)
6"'(7)540)4%12.(/)5"2),05)24"#%,-)$4.)2'//.#%,-)0/)$4.)&#'&%/%.+)>4#%2$7)$0)2":)$4"$) * % /) <)
1'2$)30"2$7) <) 5%( () 30"2$)0/)$4.) $4%,-2) $4"$) 2405)1:)5."9,.22*)WUU;\[L;)f%$4) $4%2)30(+)
",+) .C$#.1.(:) !"#"+0C%&"() 2$"$.1.,$7) 54%&4) "!!."#.+) (%9.) ") 9%,+) 0/) $4.0(0-%&"()
)(1%2#&'*3) 6"'(A2! ("*4*5%() &0'(+),05)3.) 2"%+) $0)4"8.)#."&4.+) %$2)%,$.,+.+)&(%1"C;)l0$)
0,(:)5"2)54"$)6"'() 2"%+)4.#.)")&(%1"C)0/)4%2)"#-'1.,$7) 201.)0/)$4.)2$"$.1.,$2)4.)1"+.)
2'32.E'.,$(:) "(20) 2405.+) $4"$) $4.#.) 5"2) -#."$) &0,2%2$.,&:) %,)54"$) 4.) 4"+) 2"%+) 4.#.)
"30'$)4%2)30"2$%,-)%,)5."9,.22;X[P)
6"'(A2)30"2$%,-) 0/)5."9,.22)!#08%+.+)")1"#9.+) &0,$#"2$) $0)$4.)]#.&0F^01",) 2"-.2)%,)
$4.%#)#.2!.&$%8.) '2.) 0/!"#$%&'(&%&) &"$"(0-'.2;) f4%(.)$4.)("$$.#)'2.+) %$)$0).C4%3%$)$4.%#)05,)
4'1",) 8%#$'.27)6"'() "!!(%.+)%$)$0)4%2)05,)2%$'"$%0,7)',"24"1.+(:) 4%-4(%-4$%,-) 0,(:)4%2)
05,)4'1",)5."9,.227)20)$4"$)%,)$4.).,+7)% /)$4.#.)5.#.)",:)*!05.#*)$0)$"(9) "30'$7) %$)5"2)
.,$%#.(:)+%8%,.)!05.#)54%&4)5"2)1",%/.2$.+)%,)4'1",)5."9,.22;)?,+)54%(.)4%2)]#.&0F
^01",)&0',$.#!"#$2) 1%-4$)201.$%1.2) "$$#%3'$.)$4.%#)2'&&.22)$0)+%8%,.)"22%2$",&.7)%$)5"2)
0/$.,)!'$) %,)$4.)3"&9-#0',+) #"$4.#) $4",)'!) /#0,$;)T0#.08.#7)%,)201.)&"2.27).8.,)54.,)
+%8%,.) "22%2$",&.) 5"2) &(."#(:) 0#) .C!(%&%$(:) "&9,05(.+-.+7) $4.#.) 5"2) "(20) $4.) %+.")0/)
)#$%'#6) /"80'#7) %;.;7) ]0+7)0#) $4.) -0+2) 4"+) 0,(:) &402.,) $4.) 5%2.) ",+) 8%#$'0'2) /0#)$4.)
.C4%3%$%0,;) f%$4) #./.#.,&.) $0) 6"'(A2) &"$"(0-'.) 0/) 2'//.#%,-)%,) &4"!$.#) UU7)?,$40,:)
J K [
% X;-;7%!#"L1[1H^!K"%
L##%
@"#8.:)%2)!.#&.!$%8.)54.,)4.)#.1"#92) $4"$7)4"+)$4.)&"$"(0-'.) &01.) /#01)")!4%(020!4.#)
0#)")2"-.7)2'&4)-#."$)0#+."(2) 2'&&.22/'((:)08.#&01.)50'(+)3.)")8.#:)!05.#/'()$.2$%10,:)
$0)$4.) 2$#.,-$4) 0/)4'1",) .,+'#",&.;) N'$)%$)5"2) %,)$4.)1%+2$)0/)")102$) 4."$.+) !0(.1%&2)
"-"%,2$) 4%2)0!!0,.,$2) ",+)&#%$%&2)$4"$)6"'() 4"+)#./.##.+)$0)$402.)0#+."(2) /#01)54%&4)4.)
2'//.#.+)!4:2%&"((:)",+)1.,$"((:;)?2)0,.)5402.) $4%,9%,-)4"+)&0,2%2$.,$(:)3..,)")+#"2$%&)
%,8.#2%0,)0/)$4.)&'##.,$)20&%"().$4027) 6"'()4"+)"-"%,) 2'#!#%2.+)4%2)0!!0,.,$2) ",+)&#%$%&2)
3:) '2%,-) $4.) &"$"(0-'.) $0) *30"2$*) 0/) 4%2) 5."9,.227) #"$4.#) $4",) 4%2) 05,) 2$#.,-$4;X[K)
b%1%("#(:7) %$)5"2) "(20)%,)")102$)!0(.1%&"()&0,$.C$)$4"$)6"'() %,)4%2)&0,&('+%,-)#.1"#9)%,)
]"(;)K;UH)4"+)#./.##.+)$0)$4.)&"##:%,-)0/)*$4.)1"#92)0/)g.2'2*)$4"$)5.#.)*3#",+.+*)0,)4%2)
30+:;)?-"%,7)%$)5"2)&(."#(:),0$)/0#)4'1",)!#"%2.)",+)"+1%#"$%0,7)"2) %,)$4.)]#.&0F^01",)
$#"+%$%0,) 0#) %,) $4.)T"&&"3.",) 2$0#:7) $4"$) 6"'() 4"+) '2.+) $4"$) 9%,+) 0/)*30+:) (",-'"-.*)
54%&4)5"2)&(."#(:)8%8%+;) b'&4)30+:)(",-'"-.) 4"+)$0)3.)&0,8.:.+)20)$4"$),0)0,.)50'(+)
*1"9.) $#0'3(.*)/0#)4%1)W]"(;)K;UH"L;)?,+)"$)$4.)3"&9)0/)6"'(A2)1%,+7)='2$) (%9.)%,)J)>0#;)
UU)54.#.) 4%2)1",:)0#+."(2) 5.#.) %$.1%2.+7)5"2) $4.) $4.0(0-:)0/)$4.)c) *T":)<),.8.#)
30"2$) 0/) ",:$4%,-).C&.!$) $4.) ) 0/) 0'#) m0#+) g.2'2)>4#%2$7)3:) 54%&4) $4.) 50#(+) 4"2)
3..,)&#'&%/%.+)$0)1.7)",+)<)$0)$4.)50#(+*)W]"(;)K;UVL;)
!!"L!% \% eA*D"% &RS'% 4:37B4<% ( R R% &=<4*=% (2**R! 7BO;#,! P! L#% A=V*@::D*>%A7D"! -2IJ! $BL#$J,!
*2% *=%4.:D=[*i434"% 56(9A%)*+%32+%f379A:%*B% 79A% ,*:+% jA;=;% 5G8A;;A+% GA%9A%B*:AOA:bF%
E2*C;% 7937% '%+*% 2*7% 84A"6F% L#! "#% V323*&C% \! "J#$&4QRJ% hV<AW3% 7*)%Y3*4VA3WQ% ZZN<*=<A4%
4'.#% 4:*V4O% V3233&(.U5LO% 4:4+*34% 56'2%k3?3;D=;1%(9A%>*OA:2*:%=2+A:%&42>%V:A73;%
>=3:+A+%79A%D47@%*B%k3?3;D=;%42%*:+A:%7*%;A4lA%?A16F%LL%4D*+%a4+A%K=<4a*PQ!"#%*3<@+O2%
"45"47J'.#% [43% ( R R%7A4W*=D"% &3 4! "BLQ%#%7#% 73>% WmY V
S% 3B3*="% 56G=7% '%C3;% 8A7%+*C2% 42%3%
G3;EA7%79:*=>9%3%C42+*C%42%79A%C3881%32+%A;D3<A+%B:*?%94;%932+;"6F%
J K \
% V"%X "%I3:OA@1!S;(;T$B! A:'75F:! <5QQ;'*(FU! V!<A5>%! 7Q!H! K7'*(A:*$(@% 5X+42G=:>9n%("%o%("%S83:E1% !HH\F1%
!K#"%
L#L%
^."(%G%,-)$4.)2.#%0'2),"$'#.)0/)54"$)4.)4"+)$.2$%/%.+)%,)UU;J\F\[7)6"'()$40'-4$)%$)!#0!.#)
$0)"!!."() $0)]0+)$4.)_"$4.#) "2)5%$,.22) $0)$4.) $#'$4) WUU;\UL;)?,+)$4.) /0((05%,-)%,&%+.,$)
4.)#.&"((.+)WUU;\J7)\\L)&(."#(:)2405.+)$4"$)6"'()5"2)%,+..+),0$) (:%,-7) /0#),0)(%"#)50'(+)
#.&"(() !'3(%&(:) 2'&4) ",).13"##"22%,-) 2$0#:;)?2)_'#,%24)4"2) #%-4$(:) !0%,$.+)0'$) *%$)%2)")
2$0#:) "30'$) 6"'(A2) 4'1%(%"$%0,7) ,0$) "30'$) 4%2) 4.#0%21;*X[H)Y4.#.) 5"2) &(."#(:),0$4%,-)
4.#0%&) "30'$) 2'&4) ",) .2&"!.7).2!.&%"((:) %,)&01!"#%20,) 0#) &0,$#"2$) $0) $4.) 2"-.2)%,)$4.)
b0&#"$%&) 0#)b$0%&) $#"+%$%0,;)Y4%2)!0%,$)"(20) 2.#8.2)"2) ")5"#,%,-)$0)",:) "$$.1!$) $0)$#:)$0)
&01!"#.) $4.)]#.&0F^01",) 2"-.2)0#) !4%(020!4.#2) 5%$4) 6"'(7) $4.) */00(*) ",+! 7*08*93) 0/)
>4#%2$;)_0#)%,2$",&.7) $4.)*5."9*)"!02$(.)&0'(+)4"#+(:)/%$) %,$0)>%&.#0A2) %+."()0/)$4.)3#"8.)
",+) 5%2.c) *;;;54.,) $4.) f%2.)T",) %2) 2'//.#%,-)$0#1.,$2) 0/) !"%,7) 4.) 5%(() 2":) A@05)
!(."2",$)$4%2)%2n)@05)(%$$(.) <)1%,+A*! :;%1<)P;JH;X[D)&/;!=%&<)VJLn)l0#)5"2)6"'()9..,)$0)3.)
",) *d(:1!%&) 8%&$0#*7) 54%&4) 5"2) B!%&$.$'2A) &0,&.#,) 5%$4) #.-"#+2) $0) $#"%,%,-) ",+)
+%2&%!(%,.)WU;JV;UFJL;)
@"8%,-)2"%+)$4"$7) %$)%2),.&.22"#:)",+)%1!0#$",$7)405.8.#7)$0)3."#)%,)1%,+) $4"$)6"'()5"2)
"&$'"((:) %,) 201.) 5":2) *3#"8.*) "2) 5.(() "2) 3.%,-) 8.#:) +%2&%!(%,.+7) .8.,) 3:) b$0%&)
2$",+"#+27).;-;7)54.,)&0,/#0,$.+)5%$4)")8%0(.,$)1037)5%$4)")9%,-)0#)^01",)-08.#,0#2)0#)
2.,%0#) 0//%&%"(27)30$4)^01",)",+)g.5%247) %,&('+%,-) 4%2)#.2!0,2.)$0)(%/.F$4#."$.,%,-)2.")
2$0#1) ",+) 24%!5#.&9) ",+) 20) 0,;)T0#.08.#7)"2) 0,.) 540)5"2) *"(5":2) &"##:%,-)%,) $4.)
30+:) $4.)+."$4) 0/)g.2'2*)WJ)>0#;)V;U[L)0#)*$4.)1"#92)0/)g.2'2*)W]"(;)K;UHL7)6"'() &0'(+)
5.(() 3.) 2"%+) $0)3.) .E'"((:)!#.!"#.+) "2) $4.) b$0%&2) /0#)$4.) .C!.&$.+) "2) 5.(() "2) $4.)102$)
',.C!.&$.+D):.27).8.,)+."$4)%$2.(/;)
<,) 2$"#9) &0,$#"2$) $0)b0&#"$.2A) +'"(%21)54%&4) #.-"#+.+) $4.) !4:2%&"()30+:) "2) .22.,$%"((:)
.8%(7) ",+)+."$4) "2) $4.) (%3.#"$%0,) 0/)$4.) 20'() /#01)$4.) 3'#+.,201.) 30+:7)6"'() $009)$4.)
J K $
% f=:24;91%/ /!K7'*(A:*$(@,% [Z#"%
L#Z%
4'1",)30+:)"2)")+%8%,.)-%/$7).8.,)"2)")*$.1!(.)0/)$4.)40(:)2!%#%$*)WU)>0#;)K;UIL;)?2)2'&47)
$4.) 2'//.#%,-)",+) 1'$%("$%0,) 0/) $4.) 30+:) 3.&"1.) $4.) 10#.) !"%,/'() /0#) 6"'() 30$4)
!4:2%&"((:) ",+) 2!%#%$'"((:;) Y4%2) !0%,$)1'2$) 3.) $"9.,) %,$0) 2.#%0'2) &0,2%+.#"$%0,)54.,)
+%2&'22%,-) 2'//.#%,-)",+)4"#+24%!) %,)54%&4) $4.)4'1",)30+:)",+)*30+:)(",-'"-.*)5.#.)
+..!(:) %,80(8.+;)?($40'-4)6"'()1","-.+) $0)3."#)"(()$402.)30+%(:)!"%,2)3:)$4.).,"3(%,-)
!05.#) ",+) -#"&.) 0/)4%2) m0#+7) "$) ,0)!0%,$)+%+)$4.) 2'//.#%,-)"!02$(.) %,+%&"$.) $4"$) $402.)
!"%,2)5.#.),0$)#."(),0#)5.#.)$4.:)."2:)$0)3."#;)B8.,) %/)6"'(A2) !4:2%&"().,+'#",&.) &0'(+)
3.)&01!"#.+) $0)$402.)0/)4%2)]#.&0F^01",)&0',$.#!"#$27) 4%2)#."()&0,&.#,)5"2)038%0'2(:)
,0$) *.,+'#",&.*% 5=4(Ra=;0M#aL) "2) 2'&47) ,0#) 5"2) %$)0$4.#) *8%#$'.2*7)3'$) +%8%,.) !05.#) ",+)
-(0#:7)#.8."(.+) %,)4%2)5."9,.22;) <$)5"2),0$)201.)9%,+) 0/)*10#"() %+."(*7)405.8.#),03(.7)
$4"$)0&&'!%.+)$4.! '$*>74#6) 1%,+)0/)$4.)"!02$(.) W$#0'3(.+7)3.&"'2.)6"'(),.8.#)&("%1.+)$0)
4"8.)$4.)9%,+)0/)*2$..()1%,+*)54%&4)5"2).C!.&$.+)0/)$4.)b$0%&)(%9.)b.,.&"L7)3'$)$4.)9%,+)
0/) *+"%(:)!#.22'#.*)",+) $4.) *",C%.$:)/0#)"(()$4.)&4'#&4.2*) 1.,$%0,.+7)/0#)%,2$",&.7) %,)J)
>0#;) UU;JX;)
J"Z%S*2D8=;4*2%
<,) $4.) ",&%.,$) ]#.&0F^01",) 50#(+7) ")1",) 4"+) $0) 3.) 102$) "22.#$%8.) % /)4.) 5",$.+) $0)
.2$"3(%24) 4%12.(/) %,)")8.#:)&01!.$%$%8.)20&%.$:;)Y4.)&"2.)4"2) 3..,) +.10,2$#"$.+) %,)$4.)
2$'+:)0/)]#.&0F^01",) #4.$0#%&7).2!.&%"((:)5%$4) #./.#.,&.) $0)$4.) &#'&%"()1"$$.#) 0/)2.(/F
!#.2.,$"$%0,) 54%&4) %,80(8.+)30$4)0#"()",+)30+%(:)+.(%8.#:)W0#)*30+:)(",-'"-.*L;) <$)1'2$)
$4.#./0#.) 3.) !.#&.%8.+) "2) ",0$4.#) %,8.#2%0,) 0/) $4.) &'##.,$) 20&%"() .$402) 54.,) 6"'()
+.(%3.#"$.(:) ",+) ',"24"1.+(:) 2$"$.+) $4"$) % /)4.) 5.#.) $0) 30"2$) "$) "((7)%$) 50'(+) 3.) 4%2)
5."9,.22) WJ)>0#;) UU;\[L;) 6"'(A2) &0,/.22%0,)5"2) %,$.,+.+) $0)1.",) $4"$) 4.)5"2)='2$)",)
*$6%1($?! )(1)0/)/(.24)",+)3(00+7) ",+)102$)&.#$"%,(:),0$)$4.)9%,+) 0/!&>"#$)(1) $4"$) $4.)
]#.&0F^01",)2"-.2)",+)5%2.)!4%(020!4.#2)5.#.)0/$.,)$40'-4$)$0)3.7)0#)&("%1.+)$0)3.;)
L#[%
?&&0#+%,-) $0) $4%2) (%,.) 0/) $4%,9%,-7) 4%2) .2&"!.) /#01) $4.) 4",+2) 0/) R%,-) ?#.$"2) %,)
o"1"2&'2) 50'(+) 3.) #.-"#+.+) "2) ") 102$) .13"##"22%,-) "&$) 0/) &05"#+%&.;) l0) $#'.)
*b0&#"$.2*) 50'(+).8.#)+0)$4"$;)?2)$0)$4.)&"$"(0-'.)0/)4"#+24%!)%,)UU;J\FJX7)$4.)5%2.)",+)
8%#$'0'2) 2"-.2) 50'(+) 0,(:) '2.) %$) $0) .2$"3(%24) $4.12.(8.2) %,) $4.) 2$"$'2F4',-#:) ]#.&0F
^01",) 20&%.$:7) ",+) ,0) 2",.)1",) 50'(+) .8.#) '2.) %$) "2) ") &0,/.22%0,) 0/) 0,.A2) 05,)
5."9,.22;) ?2)2'&47)0,(:) $4.) */00(*)%,)$4.)",&%.,$)1%1.)50'(+)!.#4"!2)+0)$4"$;)N'$)/0#)
$4.)2"9.)0/)>4#%2$)"2)5.(() "2) /0#)*$4.)1.22"-.)0/)$4.)*) 6"'()4"+)5%((%,-(:) 3.&01.)
*$4.)/00()0/)>4#%2$*;)?-"%,7),0)%,8.#2%0,)0/)20&%"().$402)&0'(+)3.)10#.)+#"2$%&)$4",)$4%2;)
T0#.08.#7) "2) /"#)"2)6"'()5"2)&0,&.#,.+7) $4.)&0,/.22%0,)0/)4%2)05,)!.#20,"()5."9,.22)
5"2) ,0$) 0,(:) 1.",$) $0)3.7) !"#"+0C%&"((:7)")!05.#/'() $.2$%10,:) $0) +%8%,.) -#"&.) %,)4%2)
05,) (%/.7) %$)5"2) "(20) ",) "'$4.,$%&"$%0,) 0/) 4%2) "!02$(.24%!) 54%&4) 4"+) 3..,) %,) 2.#%0'2)
+%2!'$.7) +'.) !"#$%&'("#(:)$0) $4.) 2$#0,-) &4"((.,-.) 0/) $4.) *2'!.#F"!02$(.2*) WUU;PL;)Y4%2)
!0%,$) 5"2)1"+.) 8.#:)&(."#(:)%,)$4.) 2$#0,-)",+)',"13%-'0'2) 2$"$.1.,$) 6"'()1"+.)='2$)
!#%0#)$0)$4.) (%2$%,-)0/)4%2)1",:)0#+."(2) WUU;J\L;) <$)%2)"(20) %1!0#$",$)$0),0$.)"$) $4%2)!0%,$)
$4"$7) % /) ,0$) /0#) $4.) !#080&"$%0,) ",+) &4"((.,-.) 0/) 4%2) 0!!0,.,$27) 6"'() 50'(+) 102$)
!#03"3(:) ,0$) 4"8.) #./.##.+) $0) 4%2) 2'//.#%,-)",+) 0#+."(2) %,) 2'&4) ") 1",,.#;) Y4.)
.C!#.22%0,27) * <) "1)2!."9%,-)"2)")/00(*)WUU;JUL)",+) * <) "1)$"(9%,-)(%9.)")1"+1",*)WUU;J\L)
&(."#(:) 2'--.2$.+) $4.) !#080&"$%8.) ",+) !0(.1%&"() ,"$'#.) 0/) 4%2) &"$"(0-'.) 0/) 0#+."(2;)
T0#.08.#7)54%(.)$4.)2'//.#%,-)0/)>4#%2$)5"2),0$).C!(%&%$(:)1.,$%0,.+)%,)&4"!$.#) UU7)%$)%2)
#."20,"3(.)$0)"22'1.)$4"$) %$)50'(+) !#03"3(:)3.) %,)$4.)1%,+) 0/)6"'()54.,.8.#) 4%2)05,)
2'//.#%,-)5"2)1.,$%0,.+;)g'2$)"2)>4#%2$A2)2"&#%/%&%"()2'//.#%,-)5"2)$4.)"'$4.,$%&)1"#9)0/)
4%2) 1.22%"424%!7) 6"'(A2) "//(%&$%0,) &0'(+) "(20) 3.) #.-"#+.+) "2) $4.) 2'#.) 2%-,) 0/) 4%2)
"!02$(.24%!;) d,.) 2'2!.&$2) $4"$) 6"'(A2) 0!!0,.,$27) "10,-2$) $4.1) $4.) *2'!.#F"!02$(.2*7)
102$)!#03"3(:)&0'(+),0$)!#0+'&.)")10#.)%1!#.22%8.)(%2$)0/)"//(%&$%0,2)$4",)6"'(A2;) 6"'(A2)
2$"$.1.,$7) *;; ;5%$4) /"#)10#.) %1!#%20,1.,$7)5%$4) &0',$(.22) /(0--%,-2;;;*) WUU;J\L7)E'%$.)
L#\%
&(."#(:) %1!(%.+) $4"$) 2'&4) 5"2) 102$) !#03"3(:) $4.) &"2.;)B8.,) %/)6"'(A2) 0!!0,.,$2) 5.#.)
"3(.) $0) (%2$) 201.$4%,-) .E'"((:) 0#) 10#.) %1!#.22%8.7) $4.:) 50'(+) 102$) !#03"3(:) 3.)
.1!(0:%,-) %$) %,)"&&0#+",&.)$0) $4.) ]#.&0F^01",) $#"+%$%0,;) <$) %2) 038%0'2(:)$.1!$%,-)$0)
2'--.2$)$4"$)6"'()4"+)%,)/"&$)'2.+)4%2!"#$%&'(&%&) &"$"(0-'.2)30$4)4.#.)%,)UU;J\F\\)",+)%,)
0$4.#)!("&.2)W&/;)U)>0#;)V;IFU\D)J)>0#;)K;VFPL7)0'$)0/)&"#./'()2$#"$.-%&)&0,2%+.#"$%0,;)B8.,)
%/) $4%2)5.#.)#."((:)$4.)&"2.7)$4.)!.#&.!$%8.) "!02$(.) 50'(+)4"8.)3..,)9..,(:)"5"#.)0/)$4.)
#%29) 4.) 5"2) $"9%,-)54.,) 4.) 30"2$.+) 0/)4%2)5."9,.22) #"$4.#) $4",) 2$#.,-$47) /0#)#."20,2)
54%&4)4"8.)"(#."+:)3..,)#.!."$.+(:)1.,$%0,.+)%,)$4.)$4.2%2;)?,+)',(.22)$4.)>0#%,$4%",2)
#%-4$(:)!.#&.%8.+)!"#"+0C%&"((:)$4"$)%$)5"2)!#.&%2.(:)%,)6"'(A2)05,)4'1",)5."9,.22)$4"$)
$4.)+%8%,.)!05.#)5"2)#."((:)1",%/.2$.+)",+).//.&$%8.7)$4.#.)5"2),0)5":)$4"$)$4.:)50'(+)
"&9,05(.+-.) ",+) "&&.!$) 4%2) "!02$0(%&) "'$40#%$:7)3.&"'2.)%$)5"2) "320('$.(:) %1!022%3(.)
/0#)1.#.)4'1",2) $0).8.#)&0,&.%8.)$4"$)",:)(."+.#) &0'(+)4"8.)#."()"'$40#%$:)",+) .C.#&%2.)
%$) %,)5."9,.22;)?,+)='+-%,-)/#01)$4.) 08.#"(()3"&9-#0',+) 0/)$4.) >0#%,$4%",2)540)4"+)
:.$)$0)3.) 2.$) /#..)/#01)$4.)20&%"().$402)0/)$4.)$%1.7)$4.) (%9.(%400+) 0/)$4.1)3.%,-)"3(.)$0)
',+.#2$",+) ",+)"!!#.&%"$.) 54"$)6"'()5"2)2":%,-)+%+),0$)2..1)$0)3.)8.#:)!#01%2%,-;)
L#$%
S*2D8=;4*2%
?2) 4"2) "(#."+:) 3..,) 2$"$.+) %,)$4.! @1'$*6>9'%*13) $4.) 3"2%&) 4:!0$4.2%2) 0/)$4%2) $4.2%2) 5"2)
$4"$) &#'&%/%C%0,) ",+) $4.) %+.") 0/) *,03(.) +."$4*) %,) ",$%E'%$:D) ]#.&0F^01",) #4.$0#%&7)
.2!.&%"((:) %$2) !#.0&&'!"$%0,) 5%$4) +.(%8.#:) ",+) 1"2&'(%,%$:D) ",+) $4.) ]#.&0F^01",)
&0,&.!$) 0/! A1#"%(B((%93)5.#.) "(() !05.#/'() ",+) .//.&$%8.)1.",2) 0/) .1!(0:%,-)*30+:)
(",-'"-.*;) <$)&",),05)3.)&0,&('+.+)$4"$)$4.)4%2$0#%&0F20&%"()2$'+%.2) 0/)$4.2.)$4#..)"#."2)
4"8.)!#08%+.+)$4.),.&.22"#:)&0,$.C$2) /0#)$4.).C.-.2%2)0/)$4.)#.(.8",$)!"22"-.2)%,)6"'(A2)
>0#%,$4%",)!0(.1%&2;)Y0-.$4.#)5%$4)$4.).C.-.2%2)0/)$4.)#.(.8",$)>0#%,$4%",)!"22"-.2)%$)%2)
40!.+)$4"$)$4.)$4.2%2)4"2)1","-.+) $0)2405)$4"$)$4.#.)5"2)%,+..+)")&0,2&%0'2) "$$.1!$)0,)
$4.)!"#$)0/)6"'()$0)%,8.#$)$4.)&'##.,$)20&%"().$402)%,)4%2)!0(.1%&27)",+)$4"$)30+:) (",-'"-.)
%2)0,.)8%$"()(%,9)3.$5..,)$4#..)+%1.,2%0,2)0/)4%2) $4.0(0-:)",+)20&%"()!#"&$%&.;)
Y4#0'-40'$) $4.) $4.2%2) $4.#.) 4"2) 3..,) ",) "$$.1!$) $0) 1"%,$"%,) ") 3"(",&.) 3.$5..,) $4.)
4%2$0#%&0F20&%"() ",+) $4.) .C.-.$%&"(F$4.0(0-%&"()%,) %$2) 08.#"(() "!!#0"&4;) <$) %2) 40!.+) $4"$)
$4%2)+.2%#.+)3"(",&.) %2),05)"&$'"((:)#./(.&$.+)%,)30$4)$4.)&0,$.,$2) ",+)!#0!0#$%0,2)0/)$4.)
$4.2%2;) >0,,.&$%,-) $4.) $4#..) !"#$2) 0/)$4.) $4.2%2) %2) &(."#(:)$4.) *30+:) (",-'"-.*) %,) $4.)
$4#..) "#."2)0/)2$'+%.2c) *N0+:)(",-'"-.*) %,)&#'&%/%C%0,) %,)",$%E'%$:)",+) $4.)",&%.,$) %+.")
0/) *,03(.)+."$4*D) *30+:) (",-'"-.*) %,)]#.&0F^01",) #4.$0#%&7).2!.&%"((:) %,)%$2)+.(%8.#:)
",+) %,)%$2)&(02.) &0,,.&$%0,)5%$4) 2.(/F!#.2.,$"$%0,) ",+) $4.) &0,&.!$) 0/)1"2&'(%,%$:D) ",+)
*30+:)(",-'"-.*) %,)$4.)'2.) 0/!"#$%&'(&%&) &"$"(0-'.27)30$4)!02%$%8.(:)",+),.-"$%8.(:;)
6"#$) <) 3.-",) 5%$4) $4.) 4%2$0#%&0F20&%"()2$'+%.2) 0,) *>#'&%/%C%0,) %,)?,$%E'%$:*) 3"2.+)0,)
!#%1"#:) $.C$2;) <,) 0#+.#) $0) 2405) 4%2$0#%&0F20&%"((:)201.) 0/) $4.) 102$) 40##%3(.) ",+)
+%2$'#3%,-)"2!.&$2)0/)4'1",)+.-#"+"$%0,)",+)4'1%(%"$%0,) %,)&#'&%/%C%0,7)1",:) .C"1!(.2)
4"8.) 3..,) &%$.+) /#01) !#%1"#:) ",&%.,$) 20'#&.2) "2) 5.(() "2) 10+.#,) 2&40("#(:)8%.52;)
L#J%
b!.&%"() 5.%-4$)4"2) 3..,) -%8.,)$0) $4.) &#'&%/%C%0,) 0/)!.0!(.) 0/) (05.#)2$#"$") 0/)20&%.$:7)
%,&('+%,-)2("8.2)",+)g.527)3.&"'2.)$4%2)102$)+.$.2$"3(.)/0#1)0/)&"!%$"()!',%241.,$)5"2)
&0110,(:) "!!(%.+) $0) $4.17) %,&('+%,-) g.2'2;)Y4.) 9%,+) 0/)+.-#"+"$%0,) ",+) 4'1%(%"$%0,)
$4"$) $4.) &#'&%/%.+) 8%&$%12).,+'#.+) 5.#.) 2.(/F.8%+.,$) %,) 201.) 0/) $4.) &"2.2)&%$.+;)Y4.)
!'3(%&),"$'#.) 0/)&#'&%/%C%0,)",+)$4.)9%,+)0/)*30+:)(",-'"-.*) &0,8.:.+) 3:)$4.)&#'&%/%.+)
8%&$%12)",+) $4.).,$%#.)2&.,.)0/)$4.).C.&'$%0,)1"+.)$4%2) /0#1)0/)&"!%$"()!',%241.,$) $4.)
102$) 40##%/%&)",+) &#'.((.2$)1",,.#) 0/)4'1",) +."$4;) Y4.)) $4'2) 3.&"1.),0$) 0,(:)")
102$) !05.#/'() 8%2'"() 2:130(7)3'$) "(20) ") 8.#:) %1!#.22%8.) /0#1) 0/) *30+:) (",-'"-.*;)
Y402.)&"2.2)0/)&#'&%/%C%0,)",+)$4.)&011.,$"#%.2) 0,)$4.1)"#.),0$)1"+.)%,)")8"&''17)3'$)
%,) $4.) &0,&#.$.) ",+) 4"#24) #."(%$:)0/)$4.%#)4%2$0#%&0F20&%"()&0,$.C$2) 54%&4) 4"+)10'(+.+)
",+)24"!.+)$4.)20&%"().$402)0/)6"'(A2)$%1.;)Y4.2.)4%2$0#%&0F20&%"()2$'+%.2) 0,)&#'&%/%C%0,)
%,) ",$%E'%$:)4"8.) $#%.+) $0) ",25.#) $4.) E'.2$%0,) 54:)6"'(A2) *1.22"-.)0/)$4.) *) 5"2)
2'&4)",)038%0'2)*/0((:*)",+)-#."$)0//.,&.)$0)$4.)]#.&0F^01",) 50#(+;) Y4%2)%2)/0((05.+)
3:)2$'+%.2) 0,)$4.)%+.")0/)*,03(.)+."$4*) %,)30$4)]#.&0F^01",) ",+)T"&&"3.",)$#"+%$%0,2;)
Y4.2.)&0,$.C$'"()2$'+%.2) 4"8.)!#08%+.+)$4.),.&.22"#:)3"&9-#0',+)/0#)$4.).C.-.2%2)0/)U)
>0#;) U;UXF\U;)?,+)2%,&.)$4%2)$4.2%2)4"2) "(20)"22'1.+)$4"$)6"'()5"2)9,05(.+-."3(.)"30'$)
$4.)!#"&$%&.) 0/)&#'&%/%C%0,) %,)",$%E'%$:)",+)&'##.,$) !'3(%&)!.#&.!$%0,) "30'$) %$7)4%2) 0!.,)
"&9,05(.+-.1.,$) $4"$) *$4.) 1.22"-.) 0/) $4.) *) 5"2) */00(%24,.22*) WU;UXL) ",+) 4%2)
+.&%2%0,) *$0) 9,05) ,0$4%,-;;;.C&.!$) g.2'2) >4#%2$7) ",+) 4%1) &#'&%/%.+*) WJ;JL) &0'(+)
#."20,"3(:) 3.)%,$.#!#.$.+)"2)")&(."#)%,$.,$%0,)$0)%,8.#$)$4.)&'##.,$)20&%"() .$402;)
Y4.)&("22%&) .C"1!(.) 0/),03(.)+."$4) %,)$4.)]#.&0F^01",) $#"+%$%0,7) "2) 4"2) "(#."+:)3..,)
1"+.)2'//%&%.,$(:)&(."#7)50'(+)102$) (%9.(:)3.)$4.)+."$4)0/)b0&#"$.27)$4.)!4%(020!4.#!"($!
#.9#44#19#<) _0#)$4.)g.527)$4.)&("22%&).C"1!(.)50'(+)102$)!#03"3(:)3.)$4.)1"#$:#+01)0/)
$4.)T"&&"3..2;) <,)1"#9.+)&0,$#"2$7) $4.)&#'&%/%C%0,)0/)>4#%2$)5"2)$4.)102$! %51*74#) +."$4)
%,) $4.) .:.2) 0/) $4.) ]#.&0F^01",) 50#(+7) ",+) ") $.##%3(.)*&'#2.*) "&&0#+%,-) $0) $4.) @0(:)
L#H%
b&#%!$'#.)Wo.'$.#0,01:)JU;J\L)0/)$4.)g.52;)N'$!&$'$>74*=$BB%,) %$)%2)$4%2),.-"$%8.) 2%+.)0/)
$4.) &01!"#%20,7) .2!.&%"((:) 3.$5..,) b0&#"$.2) ",+) >4#%2$7) $4"$) %2) 102$) 2%-,%/%&",$7)
#.8."(%,-) ",+) &4"((.,-%,-)/#01)$4.)>4#%2$%",)!.#2!.&$%8.7) 3.&"'2.)%$)3#%,-2) 0'$) 24"#!(:)
$4.)',%E'.,.22)0/)>4#%2$)&#'&%/%.+7)1"9%,-)6"'(A2)1.22"-.)0/)$4.))2'&4)'$$.#),&0!%0&)
",+! 21$#O$-7#) $0)$4.)50#(+7) $'#,%,-)%$2).$402)$0$"((:)'!2%+.)+05,;)T0#.08.#7)"&&0#+%,-)
$0) $4.) 1"%,) &"$.-0#%.2) 0/) $4.) &#'&%/%.+)8%&$%12) 54%&4) 4"8.) 3..,) %+.,$%/%.+)."#(%.#7)
,"1.(:7) $4.) &#'&%/%C%0,) 0/)#.3.(27) (05)&("22)!.0!(.7) 2("8.27)g.52)",+) >4#%2$%",27)g.2'2)
&0'(+) 3.) 2"%+) $0) 4"8.) +%.+) $4.) +."$4) 0/! $BB) $4.) &"$.-0#%.2;) Y4%2) !0%,$) %2)!#0/0',+(:)
2%-,%/%&",$)%,)#.("$%0,)$0)$4.)*/00(%24,.22*)0/)*$4.)1.22"-.)0/)$4.)*;)
6"'()5"2).8%+.,$(:)+."(%,-)5%$4)201.)0/)$4.)102$)&#'&%"()",+)&01!(.C)%22'.2)%,)U;UXF\U)
%,) #.2!0,2.)$0) $4.) !.#&.%8.+) */00(%24,.22*) 0/)*$4.)1.22"-.)0/)$4.) *;)Y4.2.)%22'.2)
%,&('+.+) $4.) 102$) 20'-4$F"/$.#) 5%2+017) !05.#) ",+) 2$"$'2) %,) ]#.&0F^01",) 20&%.$:;)
T.$40+0(0-%&"((:)6"'()8.#:)29%(/'((:).1!(0:.+)$4.)",$%$4.$%&"()",+)!"#"+0C%&"()5":2)0/)
2!."9%,-;) @.) +%+) %$) 3:) /%#2$) +.$4#0,%,-) $4.) *5%2+01)0/) $4.) 5%2.*) 5%$4) $4.) !.#&.%8.+)
*/00(%24,.22*)0/)*$4.)1.22"-.)0/)$4.)*)",+)!'$) %,)%$2)!("&.) $4.)!05.#) ",+)5%2+01)
0/)]0+7)54%&4)4"+)3..,)#.8."(.+) ",+)+.10,2$#"$.+) %,)",+)$4#0'-4)$4.)&#'&%/%.+)>4#%2$;)
@05.8.#7) 30$4) $4.) !05.#) ",+) 5%2+01)0/) ]0+) 5.#.) ,0$) &0,&.%8.+) 3:) $4.) "!02$(.)%,)
"32$#"&$%0,) 0#) %,)")8"&''17)3'$)%,)",+) $4#0'-4)$4.) &#'&%/%.+)30+:)0/)>4#%2$7)54%&4) 5"2)
$4.)1.+%'1)0/)")8.#:)!05.#/'()*30+:)(",-'"-.*7) ",+)54%&4)+.1",+.+) ")#.2!0,2.)/#01)
$402.)540)4."#+) %$7).%$4.#)$0)"&&.!$) % /) /0#)$4.%#)05,)2"(8"$%0,7)0#)$0)#.=.&$)%$)/0#)$4.%#)05,)
+"1,"$%0,) WU;UXL;)
Y4.)1"%,)!#03(.1)5%$4) $4.) 2.(/F&0,&.%$.+)>0#%,$4%",2)5"2) &(."#(:)$4"$) 0/)30"2$/'(,.227)
",+) $4"$) 5"2) 102$) !#03"3(:) $4.)1"%,) &0,$#%3'$%,-)/"&$0#)$0) $4.%#) +%8%2%0,2;)N'$)6"'(A2)
",$%$4.$%&"() ",+) !"#"+0C%&"() "!!#0"&4) (./$) $4.1) "320('$.(:) ,0) -#0',+2) /0#)",:) 4'1",)
LLK%
30"2$%,-7) 3.&"'2.).8.,) 3:)50#(+(:) 2$",+"#+27)0#)3:) $4.%#)1'&4) &4.#%24.+) 20&%"().$4027)
*,0$)1",:*)0/)$4.1)5.#.) "&$'"((:) *5%2.*7) *!05.#/'(*)",+)0/)*,03(.) 3%#$4*) WU;JKL;)N'$)
4.#.)(%.2) $4.) -#."$) +%8%,.)!"#"+0Cc) ]0+)&402.)54"$)5"2) */00(%24*)$0)24"1.)$4.) *5%2.*7)
$4.) *5."9*) $0) 24"1.) $4.) *2$#0,-*D) ",+) $4%,-2) $4"$) *5.#.) ,0$*7) $0) #.+'&.) $0) ,0$4%,-)
$4%,-2) $4"$) *5.#.*) WU;JH7)JXL;)<,)$4.) .,+7) 54"$) 5"2) !#.2.,$.+)4.#.)3:)6"'() %,)U;UXF\U)
5"2) ") #.80('$%0,)0/) %11.,2.) !#0!0#$%0,27) ",+) !.#4"!2) ,0) %,8.#2%0,) 0/) &'##.,$) 20&%"()
.$402)&0'(+)3.)10#.)#"+%&"()$4",)$4"$;)
@"8%,-)+.$4#0,.+) $4.)5%2+01)0/)$4.)50#(+) ",+) #."//%#1.+)]0+A2) 5%2+01)",+)!05.#)%,)
@%2) &"((%,-) 0/)$402.)540)5.#.) *3.%,-) 2"8.+*7)6"'() &0,&('+.+) 4%2) !0(.1%&2) 3:)2%1!(:)
3'$) 102$) 2%-,%/%&",$(:)#.1%,+%,-) $4.) >0#%,$4%",2) $4"$) >4#%2$) "(0,.) 4"+) ,05) 3.&01.)
*/0#*)$4.17) *5%2+01)/#01)]0+7)",+)#%-4$.0'2,.22)",+) 2",&$%/%&"$%0,)",+) #.+.1!$%0,*7)
",+) !.#4"!2) .8.#:$4%,-;)Y4.) >0#%,$4%",2)1'2$) ,05) /'((:) ',+.#2$",+) $4.%#! 9(44%15) ",+)
%6#1'%'?) 0,)$4%2)3"2%2)"(0,.;)?,+7)%/)",:0,.) +"#.+) $0)30"2$7)(.$)4%1)0#)4.#)*30"2$)%,)W0#)0/L)
$4.)m0#+*7)3'$)0,(:)0,)$4%2)3"2%2)WU;\UL;)
6"#$) < <)/0&'2.+) !#%1"#%(:) 0,) *^4.$0#%&7) o.(%8.#:) ",+) T"2&'(%,%$:*)%,) ]#.&0F^01",)
$#"+%$%0,) ",+)%,)&(02.)#.("$%0,)$0)%$7)$4.)&'##.,$)&0,&.!$) 0/)1"2&'(%,%$:;)Y4%2).C.#&%2.) 5"2)
+..1.+) ,.&.22"#:) 3.&"'2.) 1'&4) 0/) $4.) >0#%,$4%",) !0(.1%&2) 4"+) $0) +0) 5%$4) 4'1",)
.(0E'.,&.)",+)0,.A2)2.(/F!#.2.,$"$%0,) %,)20&%.$:;)?,+)%$)5"2) %,)#4.$0#%&7).2!.&%"((:) %,)$4.)
0#"$0#A2) +.(%8.#:) $4"$) *30+:) (",-'"-.*) 5"2) 102$) 038%0'2) ",+) !05.#/'()%,)+%2!(":%,-)
201.)0/)$4.)102$) %1!0#$",$)$#"%$2)0/)1"2&'(%,%$:;)f%$4) $4%2)3"&9-#0',+) "2) %$2)4%2$0#%&0F
20&%"() &0,$.C$7) $4.).C.-.2%2)0/) U)>0#;) J;UFP) ",+) J)>0#;) U[;U[) 4"2) $#%.+) $0).C!("%,)54:)
6"'() 4"+) +.(%3.#"$.(:) &402.,),0$) $0)'2.) *(0/$:)50#+2) 0#)5%2+01*)%,)>0#%,$47)",+)54:)
4%2) *30+%(:) !#.2.,&.*) 5"2) 20) "+8.#2.(:) !.#&.%8.+) 3:) 4%2) >0#%,$4%",) &#%$%&2;)6"'(A2)
+.&%2%0,) $0) #./#"%,)/#01) /0((05%,-)$4.) &'##.,$) 20&%"() &0,8.,$%0,) %,)4%2)!#0&("1"$%0,)0/)
LL!%
$4.) -02!.() ",+) %,)4%2) 2.(/F!#.2.,$"$%0,) 5"2) "-"%,) ")&(."#) %,+%&"$%0,)$4"$) 4.) %,$.,+.+) $0)
%,8.#$)$4.)20&%"().$402)0/)$4.)$%1.)&0,&.#,%,-)$4.)!#"&$%&.)0/)#4.$0#%&;)
Y4%2) $4.2%2) 4"2) $"9.,) $4.) 8%.5) $4"$) 54"$) 4"2) 3..,) 2"%+) "30'$) #4.$0#%&) %,) $4.) ]#.&0F
^01",) $#"+%$%0,) 50'(+) ("#-.(:) 3.) $#'.) %,) >0#%,$4;) l0$) 0,(:) 5"2) $4.) >0#%,$4%",)
0!!0,.,$2A) &#%$%&%21) 0/) 6"'() ") &(."#) #./(.&$%0,)0/) $4.) 20&%"() .$402) 0/) $4.) $%1.7) $4.)
"!02$(.A2) #.2!0,2.) 5"2) "(20) %,+%&"$%8.) 0/) 4%2) 9,05(.+-.) "30'$) $4.) 540(.) %22'.7)
0$4.#5%2.) 4%2) !0(.1%&2) %,)!"22"-.2)2'&4) "2) U)>0#;) J;) UFP) ",+) J)>0#;) U[;U[)50'(+) 3.)
E'%$.)',%,$.((%-%3(.)$0)$4.)#."+.#2;)f4%(.)6"'()0,)$4.)0,.)4",+)4"+)+.&%+.+),0$)$0)#.20#$)
$0) &'##.,$) #4.$0#%&"()!#"&$%&.) %,)4%2) !#0&("1"$%0,)0/) $4.) -02!.(7) 4%2) +.$.#1%,"$%0,) *$0)
9,05),0$4%,-*)"10,-) $4.)>0#%,$4%",2)*.C&.!$)g.2'2)>4#%2$7)",+)4%1)&#'&%/%.+*)WU)>0#;)
J;JL) 5"2) %,) %$2.(/) ")102$) %#0,%&"() ",+) !"#"+0C%&"()1",,.#) 0/) "//%#1%,-)$4.) !05.#) ",+)
.//.&$) 0/) *30+:) (",-'"-.*;) N.&"'2.7) -%8.,) $4.) 4%2$0#%&0F20&%"() 3"&9-#0',+) 0/)
&#'&%/%C%0,) ",+) %$2) %1!(%&"$%0,2) %,) 6"'(A2) $%1.7) %$) 5"2) 8%#$'"((:) %1!022%3(.) /0#) $4.)
"!02$(.A2) &0,$.1!0#"#%.2) ,0$) $0) $4%,9) "30'$) $4.) 9%,+) 0/) *30+:) (",-'"-.*) $4"$) $4.)
&#'&%/%C%0,) 0/)>4#%2$)&0,8.:.+;) ?($40'-4) %,) U)>0#;)J;UFP) ",+) J)>0#;) U[;U[)6"'()1%-4$)
2..1)$0)3.)(.22)&0,&.#,.+) 5%$4)4%2)*1.22"-.)0/)$4.)*) ",+)10#.)&0,&.#,.+) 5%$4)4%2)
1",,.#) 0/)+.(%8.#:)"2)5.(() "2)4%2)!.#20,"() "!!."#",&.7)%$)1'2$)3.)!0%,$.+)0'$)"-"%,)$4"$)
/0#)6"'()4%2)1.22"-.)&0'(+)4"#+(:)3.)2.!"#"$.+)/#01)4%2)+.(%8.#:;)
6"#$) < < <) 4"2) &0,&.,$#"$.+) 0,)$4.) 2$'+:)0/%((A<43(3*=Q1) 5%$4) 2!.&%"() #./.#.,&.) $0)b$0%&%21)
54%&4)'2.+) %$)!02%$%8.(:;)Y4%2)%2)/0((05.+)3:)")&(02.) (009)"$)$4.)0$4.#)2%+.)0/)$4.)&0%,)0/)
*AW&X*$)$*=,,) 4%-4(%-4$%,-) 4'1%(%"$%0,) ",+)4'1",)+.-#"+"$%0,7) %,)&(02.) #.("$%0,)$0)6"'(A2)
!.#20,"() $#%3'("$%0,2)1.,$%0,.+)%,)$4.)>0#%,$4%",)&0##.2!0,+.,&.;) b%1%("#)$0)&#'&%/%C%0,7)
,03(.) +."$47) #4.$0#%&) ",+) +.(%8.#:7)$4.) 9%,+) 0/) *30+:) (",-'"-.*) $4"$) 6"'(A2) !.#20,"()
$#%3'("$%0,2)&0,8.:.+)5"2).E'"((:)&(."#)",+)5"2)$4'2)102$)#.(.8",$)",+)%1!0#$",$)$0)$4.)
LL#%
!"#$%$&' (!')*$!' +#' ,-!#.' !"/!' /' 01#/!' .#/2' -3' !"#' 4/%,$' /,.' $*33#1%,0$'5#1#' /6!*/227'
%,32%6!#.'-,'8/*29$' 4"7$%6/2!"#$%' /66-1.%,0'!-'"%$!&'()*+,*)*' 6/!/2-0*#$' :;'<-1&'=&>?;@A'B'
<-1&' ;;&B@?@@C&'
D#,#1/227'$4#/E%,0F'!"#'G!-%6'/!!%!*.#'!-5/1.'"/1.$"%4'5/$'+/$%6/227!&#*)+)-'' 3-1'1#/$-,$'
5"%6"'"/H#'+##,' 0%H#,'%,'!"#'$!*.7&'I"%$'5/$F'"-5#H#1F'-,27'-,#'$%.#'-3'!"#'6-%,&'I"#1#'
5/$'/2$-!+.'!#+.'(! *)$'! #/!+.'! 0#)1'5"%6"'1#H#/2#.'!"#'$%0,%3%6/,!'3/6!'!"/!'!"#1#'5/$'/2$-'
/' !1/.%!%-,' %,' D1#6-?J-)/,' $-6%#!7' 5"%6"' H%#5#.' "/1.$"%4F' #$4#6%/227' %!$' 4"7$%6/2'
/$4#6!$F'5%!"' 6-,!#)4!'/,.'$*$4%6%-,F'1#0/1.%,0'%!'/$'4#1$-,/227'/,.'$-6%/227'.#01/.%,0F'
/,.'!"*$'*,5-1!"7'-3'!1*#')/,2%,#$$&'(!'5/$'41-+/+27'31-)'!"%$!1'2,+)-'' 4#1$4#6!%H#'!"/!'
8/*29$' <-1%,!"%/,' 61%!%6$' "/.' K*.0#.' !"#' /4-$!2#9$' "/1.$"%4&' L-1#-H#1F' %!' 5/$' /2$-'
41-+/+27' 31-)' /' $%)%2/127! 1'2,+)-'' 4-$%!%-,'!"/!' 8/*2' "/.'41#$#,!#.' "%$! "#$%&'())$&*+'%,'
-1.#1' !-'5%!,#$$' !-'!"#'4-5#1'-3'D-.'%,'"%$'.#01/./!%-,' /,.'"*)%2%/!%-,F' %,'/'!74%6/227'
&,(,$#3)0,4' 3/$"%-,&'
I"%$' 4/1!' -3'!"#' !"#$%$' +#0/,' 5%!"' #M!#,$%H#' 1#3#1#,6#' !-'62/$$%6/2' 51%!#1$F'+-!"'D1##E'
/,.'J-)/,'-,!&'()*+,*)*' 6/!/2-0*#$F' 5"%6"'5/$'6-))-,27'1#0/1.#.' /$'/'!1*#'!#$!'-3'!"#'
$/0#9$')/,2%,#$$F' 6-*1/0#' /,.'#,.*1/,6#&' N-1'2/6E'-3'$*+$!/,!%/2' #H%.#,6#' %!'5-*2.' +#'
.%33%6*2!'!-'+#'6#1!/%,' % 3'8/*2' 5/$' /5/1#' -3'!"#' !1/.%!%-,&'O-5#H#1F'-,' !"#' +/$%$'-3'!"#'
/4-$!2#9$' H/$!' E,-52#.0#' /+-*!' !"%,0$' !"/!' 5#1#' /1-*,.' "%)'%,' !"#' D1#6-?J-)/,' /$'
5#22' /$' !"#' P#5%$"' 5-12.$F'-,#')%0"!' /$$*)#'!"/!' 8/*2' 5/$' 1#2/!%H#27' E,-52#.0#/+2#'
/+-*!' $*6"' !1/.%!%-,&'I"%$'!"#$%$' "/$' !/E#,'!"#'H%#5'!"/!'8/*2')-$!'41-+/+27'.%.',-!'*$#'
&'()*+,*)*' 6/!/2-0*#$' /66-1.%,0' !-' !"#' 62/$$%6/2' !1/.%!%-,F' %&#&F' *$%,0' %!! &#*)+)-'4%' !-'
.#)-,$!1/!#' -1'41-H#'"%$'-5,'"*)/,'#,.*1/,6#' /,.'6-*1/0#F' $-'!"/!'02-17' /,.'"-,-*1'
)%0"!'+#'6-,3#11#.'*4-,'"%)&'N-1'!-'.-'$-'5-*2.'1-+'D-.'-3'O%$' 02-17'/,.'"-,-*1F'/,.'
!"%$'5-*2.'+#' !"#' 2/$!' !"%,0' !"/!'!"#'Q-RST&-UA'-3'<"1%$!'5/,!#.'!-'.-&'I"%$'!"#$%$' "/$' !"*$'
,,,!
6-,$%.#1#.' %!' 1#/$-,/+2#' !-' /$$*)#' !"/!' %!'5/$' !"#! 1'2,+)-'' -1' .#1-0/!%H#' *$#' -3' !"#'
&'()*+,*)*' 6/!/2-0*#$'!"/!'5/$' !"#')/%,'6-,6#1,' -3'8/*2F'+#6/*$#'-,27' %,'!"%$'5/7'5/$'
"#' /+2#' !-'5%!,#$$F'4/1/.-M%6/227F'!"#'.%H%,#'4-5#1'!"/!'5/$')/,%3#$!#.'%,'/,.'!"1-*0"'
"%$'-5,'5#/E,#$$&'V,.'-,27'%,'!"%$'5/7'5/$'"#'/+2#'!-'W+-/$!W'-3'"%$'-5,'5#/E,#$$F'/,'
%.#/'5"%6"'5-*2.'6#1!/%,27'+#'6-,$%.#1#.' !-!/227'/+$*1.' /66-1.%,0'!-'!"#'!"%,E%,0'-3'!"#'
!%)#&'X*!'3-1'8/*2F' %!'5/$'41#6%$#27' !"%$'4#16#%H#.' /+$*1.%!7'!"/!')/.#'"%$'W)#$$/0#'-3'
!"#' 61-$$W' $*6"' /'.1/$!%6' %,H#1$%-,'-3' !"#' $-6%/2'#!"-$'-3'!"#' !%)#&'YM#0#$%$'-3' ;'<-1&'
=&>?;@' /,.' B' <-1&' ;;&B@?@@' "/$' $"-5,' !"/!' 5"/!' "/$' +##,' $/%.' /+-*!! &'()*+,*)*!
6/!/2-0*#$' %$' 6-,$%$!#,!' 5%!"' 8/*29$' -5,! 5#$6*! #&'(,1$)' /$' 5#22' /$' "%$' %,!#,!%-,'!-'
%,H#1!' !"#' 6*11#,!' $-6%/2'#!"-$'1#0/1.%,0' )/,27' WH%1!*#$W'$*6"' /$' 6-*1/0#F' #,.*1/,6#F'
4-5#1'/,.'$!1#,0!"&'
(,' !"#' /,6%#,!' D1#6-?J-)/,' 5-12.F' /' )/,' "/.' !-' +#' )-$!' /$$#1!%H#' % 3'"#' 5/,!#.' !-'
#$!/+2%$"' "%)$#23' %,'/'H#17'6-)4#!%!%H#'$-6%#!7&'(!')*$!'!"#1#3-1#'+#'4#16#%H#.'/$' /,-!"#1'
%,H#1$%-,' -3'6*11#,!' $-6%/2'#!"-$'5"#,'8/*2' .#2%+#1/!#27'/,.'*,/$"/)#.27' $!/!#.' !"/!' %3'
"#'5#1#'!-'+-/$!'/!' /22F' %!'5-*2.'+#' %,'!"#'/1#/'-3'"%$'5#/E,#$$':B'<-1&' ;;&@RC&'V$'$*6"F'
-,27'!"#' W3--2W'%,'!"#'/,6%#,!')%)#'5-*2.'4#1"/4$'.-'!"/!&'X*!'3-1'!"#'$/E#'-3'<"1%$!'/$'
5#22' /$' 3-1'W!"#')#$$/0#'-3'!"#'61-$$W' 8/*2'"/.'5%22%,027' /,.')-$!' 02/.27'+#6-)#' W!"#'
3--2W'-3'<"1%$!&'V0/%,F',-'%,H#1$%-,'-3'$-6%/2'#!"-$'6-*2.'+#')-1#'.1/$!%6' !"/,'!"%$&'
L-1#-H#1F' /$' 3/1'/$'8/*2'5/$' 6-,6#1,#.F' !"#'6-,3#$$%-,'-3'"%$'-5,'4#1$-,/2' 5#/E,#$$'
5/$' ,-!' -,27' )#/,!' !-' +#F' 4/1/.-M%6/227F'/' 4-5#13*2' !#$!%)-,7' !-' .%H%,#'01/6#'%,'"%$'
-5,' 2%3#F' %!'5/$' /2$-' /,' /*!"#,!%6/!%-,' -3' "%$' /4-$!2#$"%4' 5"%6"' "/.' +##,' %,' $#1%-*$'
.%$4*!#F' .*#' 4/1!%6*2/127'!-' !"#' $!1-,0' 6"/22#,0#' -3' !"#' W$*4#1?/4-$!2#$W' :B'<-1&' ;;&QC'
/,.'!"#' 2%E#&'I"%$'4-%,!'5/$')/.#'H#17'62#/127'%,'!"#'$!1-,0'/,.'*,/)+%0*-*$' $!/!#)#,!'
8/*2'"/.')/.#'K*$!'41%-1'!-'!"#'2%$!%,0'-3'"%$')/,7'-1.#/2$' :;;&B@C&'(!'%$'/2$-'%)4-1!/,!'!-'
,,-!
,-!#' /!' !"%$'4-%,!' !"/!F'% 3',-!'3-1'!"#'41-H-6/!%-,'/,.'6"/22#,0#'-3'"%$'-44-,#,!$F'8/*2'
5-*2.' )-$!' 41-+/+27' ,-!' "/H#' 1#3#11#.' !-' "%$' -5,' $*33#1%,0' /,.' -1.#/2$' %,' $*6"' /'
)/,,#1&' I"#' #M41#$$%-,$F' W (' /)' $4#/E%,0' /$' /' 3--2W' :;;&B;C' /,.' W (' /)' !/2E%,0' 2%E#' /'
)/.)/,W' :;;&B@C' 62#/127' $*00#$!#.' !"#' 41-H-6/!%H#' /,.' 4-2#)%6/2' ,/!*1#' -3' "%$'
6/!/2-0*#'-3'-1.#/2$&'
I"%$' !"#$%$' "/$' -+H%-*$27',-!'+##,' 51%!!#,' %,'/' H/6**)'-1' %,' %$-2/!%-,' 31-)' 0#,#1/2'
<-1%,!"%/,' $!*.%#$&'Z*%!#'-,'!"#'6-,!1/17F'%!'"/$' !1%#.' !-')/E#'0--.'*$#' -3'$-)#'5-1E$'
5"%6"' "/H#' /21#/.7' +##,' .-,#' -,' !"#' $*+K#6!' 5%!"' /' .##4' $#,$#' -3' 01/!%!*.#' /,.'
41-3-*,.' /441#6%/!%-,&'V' $%0,%3%6/,!' 4/1!' -3' !"#' !"#$%$' "/$' !"*$' +##,' +*%2!' -,' !"-$#'
H/2*/+2#')/!#1%/2$'/,.'1#$-*16#$' !"/!' /1#'.##)#.' !-'+#')-$!'1#2#H/,!'/,.'*$#3*2'!-'!"#'
!"#$%$&'V$'$*6"F'!"#'!"#$%$'.-#$',-!'5%$"'!-'62/%)')*6"'$%0,%3%6/,!'-1%0%,/2%!7' %,'1#2/!%-,'
!-'6*11#,!'$!*.%#$' -,'61*6%3%M%-,'/,.' W,-+2#'.#/!"W' %,'/,!%[*%!7F'D1#6-?J-)/,'1"#!-1%6'
/,.! ""$%&'")'.&+/'\"/!')/7'+#' 6-,$%.#1#.' -1%0%,/2' %,'!"#' !"#$%$' %$' !"#' 6/,.%./!#9$' -5,'
$#/16"' 3-1'/,.' $!*.7' -,' $-)#' -3' !"#' %)4-1!/,!'41%)/17' $-*16#$' %,'62/$$%6/2' 51%!%,0$&'
I"%$'%$'4/1!%6*2/127'#H%.#,!'%,'!"#'"%$!-1%6-?$-6%/2'$!*.%#$'-,'61*6%3%M%-,'/,.'!"#'6-,6#4!'
-3' W,-+2#' .#/!"W' %,' /,!%[*%!7F' /,.' !"#' !"#-17' /,.' 41/6!%6#' -3' 1"#!-1%6' %,' !"#' D1#6-?
J-)/,' !1/.%!%-,F' %,'62-$#'6-,,#6!%-,'5%!"' !"#'/,6%#,!'6-,6#4!' -3')/$6*2%,%!7&'I"#'%.#/'
-3' W+-.7'2/,0*/0#W' %$'6#1!/%,27',-!'#,!%1#27' ,#5'%,']#5'I#$!/)#,!' -1'8/*2%,#' $!*.%#$&'
\"/!')/7'+#'6-,$%.#1' ,#5'-1'-1%0%,/2' %,'1#2/!%H#'!#1)$' %$' !"#' /!!#)4!' -3'!"#' !"#$%$' !-'
%.#,!%37' !"#)! 0#1*)*+'1+4%' %,!,44' !"#' !"1##' 4/1!$' -3'!"#' !"#$%$^' %,'61*6%3%M%-,' /,.',-+2#'
.#/!"A' %,' 1"#!-1%6F' #$4#6%/227' %,' %!$' #)4"/$%$' -,' $#23?41#$#,!/!%-,' /,.' .#2%H#17A' %,'
0$%&1")'.&+2' 5%!"' $4#6%/2' 1#3#1#,6#' !-' 8/*29$' -5,' +-.%27' $*33#1%,0' /,.' 4/%,' /,.' !"#'
W+-.7'2/,0*/0#W'%!'6-,H#7#.'$-6%/227'/,.'$7)+-2%6/227&'(!'%$'"-4#.'!"/!'/'W6/$#W'3-1'!"#'
!"#$%$'"/$'+##,'#$!/+2%$"#.&'
I"#' !%!2#' -3' !"#' 41#$#,!' $!*.7' #)4"/$%_#$' W%,H#1$%-,W&' (!' %$' "-4#.' !"/!' !"#'
/441-41%/!#,#$$' -3'!"#'*$#' -3'!"#'!#1)'"/$',-5'+##,' 2/10#27'K*$!%3%#.'%,'!"#'41#$#,!/!%-,'
/,.'/10*)#,!' -3'/22'!"1##'4/1!$' -3'!"#' !"#$%$&' V$'!"#'5"-2#'!"#$%$' "/$' +##,' +*%2!'-,'!"#'
"74-!"#$%$' !"/!' 8/*2' "/.' /' 62#/1' %,!#,!%-,' !-! )1-'(+' !"#' 6*11#,!' $-6%/2' #!"-$F' %,' "%$'
1#$4-,$#' !-' !"#' <-1%,!"%/,' 61%$%$F' ,-!' -,27' !"#' *$#' -3' !"#' /.)%!!#.27' $!1-,0' !#1)'
W%,H#1$%-,W'"/$' !-'K*$!%3%#.F'!"#'H/2*#'/,.'-1%0%,/2%!7'-3'!"#'!"#$%$' /2$-'2/10#27'"%,0#$'-,'
!"#' /441-41%/!#,#$$' -3'!"#' *$#' -3'!"#' !#1)'W%,H#1$%-,W&'(,'/'5/7F' !"#' /10*)#,!' -3'!"#'
!"#$%$' -,' !"%$' %)4-1!/,!' 4-%,!' %$' 1/!"#1' $%)42#' /,.' $!1/%0"!3-15/1.&'`,2%E#' !"#'
<-1%,!"%/,$F' %,62*.%,0' "%$' <-1%,!"%/,'61%!%6$' 5"-' 3-22-5#.' !"#' 6*11#,!' D1#6-?J-)/,'
#!"-$F' 8/*2'5/$'-4#1/!%,0'-,'/'5-12.' H%#5' 5"%6"'5/$' .%/)#!1%6/227' -44-$#.' !-'%!&'N-1'
%,$!/,6#F' 8/*2' 5/$' 4*!!%,0! $)-)1'' 5%$.-)' /,.! .65,1' 5%$.-)' %,' /'.%/)#!1%6/227'
-44-$#.' 4-$%!%-,&'I"#' "%$!-1%6-?$-6%/2' $!*.7' -,' 61*6%3%M%-,' %,' /,!%[*%!7'"/$' $"-5,'
/2)-$!' 5%!"-*!' /' $"/.-5' -3'.-*+!' !"/!' !"#' 61-$$' 5/$' $7)+-2%6'-3' $-)#' -3' !"#' )-$!'
.#!#$!/+2#' /,.'/+"-11#,!'!"%,0$'%,'D1#6-?J-)/,'$-6%#!7&'(!'5/$'%,'!"%$'6-,!#M!'!"/!'8/*2'
5/$' E##,27' /5/1#' !"/!' W!"#' )#$$/0#' -3' !"#' 61-$$' %$' 3--2%$",#$$' !-' !"-$#' 5"-' /1#'
4#1%$"%,0W' :;'<-1&' ;&;>C&'V,.!%'+7'.#$4%!#' !"#'/4-$!2#9$' 3*22'E,-52#.0#'-3' %!F' "#' -H#1!27'
.#62/1#.' !"/!' "#'"/.' W.#6%.#.' !-'E,-5',-!"%,0W'/)-,0'!"#'<-1%,!"%/,$F'W#M6#4!'P#$*$'
<"1%$!F'/,.'"%)$#23' 61*6%3%#.W':B&BC&'G%)%2/127F' E,-5%,0' 3*227'5#22' !"#'01#/!' %)4-1!/,6#'
-3' 1"#!-1%6F'#$4#6%/227' %,' %!$' #)4"/$%$' -,' $#23?41#$#,!/!%-,F'#2-[*#,6#' /,.' 5%$.-)F'%,'
!"#' $-6%/2' #!"-$' -3' D1#6-?J-)/,' $-6%#!7F' 8/*2' /0/%,' -4#,27' /,,-*,6#.' !"/!' "%$'
W$4##6"W' /,.' W41-62/)/!%-,W' 5#1#' W,-!' 5%!"' 42/*$%+2#' 5-1.$' -3' 5%$.-)W' :B&=C&'
L-1#-H#1F' 5"%2#' !"#' $/0#'%,'D1#6-?J-)/,' $-6%#!7' 5-*2.' 1#3#1' !-! ""$%()())3+' !-' $"-5'
"%$!5,14%' H%1!*#$F'8/*2'.#2%+#1/!#27'*$#.' !"#)'!-! "#,*+' -3'"%$'-5,'W5#/E,#$$W' :B'<-1&'
;;&@RC&'I"#'!"#$%$' "/$' !"#1#3-1#'!1%#.'!-'$"-5'6-,$%$!#,!27'%,'/22'%!$'!"1##'4/1!$'!"/!'!"#1#'
5/$' /'62#/1' %,!#,!%-,'%,'8/*29$' )%,.'!-! )1-'(+' !"#'6*11#,!' $-6%/2'#!"-$'-3'!"#' !%)#&'G*6"'
%,!#,!%-,' $##)#.' !-' +#' 62#/1' 1%0"!' 31-)' !"#' $!/1!' -3' !"#' <-1%,!"%/,' 6-11#$4-,.#,6#F'
,,4!
5"#1#' 8/*2' !1%#.' !-' .#)-2%$"' !"#' 3%1)27' #$!/+2%$"#.' D1#6-?J-)/,' $-6%/2' #!"-$'
6-,6#1,%,0'5%$.-)F'#2-[*#,6#F'$-6%/2'$!/!*$'#!6&':;'<-1&';&;>?@;C&'
a%E#')/,7'-!"#1'!"#$#$F'!"%$'!"#$%$'"/$'/2$-'2#3!'$-)#'[*#$!%-,$'*,/,$5#1#.F'/,.'6#1!/%,'
%$$*#$'62#/127'.#$#1H#'3*1!"#1'$!*.%#$'/,.'%,[*%1%#$&'V$'/'6/,.%./!#'31-)')/%,2/,.'<"%,/F'
!"#' 51%!#1' -3' !"%$' !"#$%$' 5-*2.' 2%E#' !-' 4*1$*#' $-)#' -3' !"#$#' %$$*#$' 31-)' /! 8.)1'*'!
4#1$4#6!%H#F' %,'62-$#'6-,,#6!%-,'5%!"' /22'!"1##'4/1!$' -3'!"#'!"#$%$^' 61*6%3%M%-,F'1"#!-1%6'
/,.' )/$6*2%,%!7F' /,.! 0$%.1")'&5/' (!'%$' "-4#.' !"/!' !"%$'#M#16%$#' 6-*2.' )/E#' /')-.#$!'
6-,!1%+*!%-,'!-'8/*2%,#'$!*.%#$'%,'%,!#1?6*2!*1/2'-1'61-$$?6*2!*1/2'6-,!#M!$&'
:;C' <1*6%3%M%-,' .-#$' ,-!' $##)' !-' "/H#' +##,' 41/6!%$#.F'/!' 2#/$!' ,-!' %,' !"#' 3-1)' -3'/'
1#6-0,%_/+2#' 6/4%!/2' 4*,%$")#,!F' %,' <"%,#$#' /,!%[*%!7&' V$' $*6"F' !"#' <"%,#$#F' +-!"'
/,6%#,!' /,.' )-.#1,F'5-*2.' 41-+/+27',-!' "/H#' 1#/6!#.' !-' %!' #M/6!27' %,' !"#' 5/7'!"/!'
4#-42#'%,'!"#'D1#6-?J-)/,'5-12.' .%.&'O-5#H#1F'!"#'<"%,#$#'5-*2.'[*%!#'6#1!/%,27' 3%,.'
6#1!/%,' #2#)#,!$' %,' 61*6%3%M%-,' -33#,$%H#' /,.' .#!#$!/+2#F' 3-1' #M/)42#F' !"#' #M!1#)#'
61*#2!7'!"/!'5/$'/$$-6%/!#.' 5%!"' %!&'V$'$*6"F'%!'5-*2.'+#'#[*/227'#M!1#)#27'.%33%6*2!'3-1'
!"#)'!-'%)/0%,#'!"/!'/'E%,.'/,.'5%$#'b#%!7' 6-*2.'"/H#'*$#.'!"#'61*6%3%M%-,'-3'P#$*$F'/,'
%,,-6#,!'4#1$-,F'/$' /' $/61%3%6%/2'H%6!%)' 3-1'!"#'/!-,#)#,!'-3'"*)/,'$%,&'I"#'.%H%,#'/6!'
+#6-)#$' !"#' "/1.#1' 3-1' !"#' <"%,#$#' !-' /66#4!' 5"#,' /,%)/2' $/61%3%6#$' "/.' +##,'
6-,$%$!#,!27' 41/6!%$#.' %,' <"%,/' 31-)' !%)#' %))#)-1%/2F' +*!' ,-!' "*)/,' $/61%3%6#&'
L-1#-H#1F'41#6%$#27'+#6/*$#'-3'%!$'-33#,$%H#',/!*1#F'!"#'<"%,#$#'5-*2.'41-+/+27'+#'/+2#'
!-' /441#6%/!#' !"#' E%,.' -3'W+-.7'2/,0*/0#W' !"/!' 61*6%3%M%-,' 6-,H#7#.&'I"%$' 4/1!%6*2/1'
%$$*#'6-*2.'4#1"/4$'+#'.-,#'%,'!"#'62-$#'1#2/!%-,'!-'8/*29$' !"#-2-07'-3'!"#'61-$$'/,.'%,'/'
)*6"'2/10#1'6-,!#M!&'
:BC' J"#!-1%6' 5/$' /2$-' )-$!' #$$#,!%/2' !-' /,6%#,!' <"%,#$#' #.*6/!%-,F' #$4#6%/227' !-' !"#'
2%!#1/!%'/,.'$6"-2/1?-33%6%/2$&'(,'/')/2#'.-)%,/!#.'$-6%#!7'0-H#1,#.'+7'!"#'$!/!#'%.#-2-07'
<-,3*6%/,%$)' :31-)'/1-*,.' !"#' $#6-,.' 6#,!*17'X<Y'%,'!"#'O/,'b7,/$!7' !-'!"#'#,.'-3'
!"#' Z%,0' cI9$%,0d' b7,/$!7' %,' ;e;;CF' )/$6*2%,%!7' 5/$' /2$-' /' 41%)/17' 6-,6#1,' %,'
!1/.%!%-,/2' <"%,#$#'$-6%/2'#!"-$&'
:@C'I"#'4-$%!%H#'/!!%!*.#'!-5/1.!&'()*+,*)*' %,'!1/.%!%-,/2'<"%,#$#'!"-*0"!'5-*2.'+#'[*%!#'
6-)4/1/+2#' !-' !"#' G!-%6' 4-$%!%-,F'/$'4#1$-,/2' $*33#1%,0'-1' !1%+*2/!%-,'5/$' 6-,$%.#1#.' /'
)-$!'#$$#,!%/2' !1/%,%,0'3-1'/'4-!#,!%/2'2#/.#1S$/0#S$/%,!',-!'-,27'%,'!"#'#/127'$!/0#'-3'"%$'
#.*6/!%-,F'+*!'/2$-'!-'E##4'"%)'$!1-,0F'H%1!*-*$'/,.'H%0%2/,!' %,'"%$'3*!*1#'2#/.#1$"%4' /,.'
6-,!%,*#.'$#23?6*2!%H/!%-,&'
V$' !"#'6/,.%./!#' /21#/.7' "/$' 42/,$' !-'!1/,$2/!#' "#1'!"#$%$'%,!-'!"#'<"%,#$#'2/,0*/0#F' ,-!'
-,27' 3-1' !"#' 1#/.#1$' %,' )/%,2/,.' <"%,/F' +*!' /2$-' 3-1'!"-$#' %,' !"#' <"%,#$#! $),*&#(,!
:"-4#3*227'#H#,' 3-1'!"-$#'f-1#/,$' /,.'P/4/,#$#'5"-'6-*2.'1#/.'<"%,#$#CF' !"#'4*1$*%!'-3'
!"#' /+-H#' )/!!#1$' 5-*2.' +#' /' ,/!*1/2' /,.' 6"/22#,0%,0' 6-,!%,*/!%-,' -3' "#1' 3*!*1#'
/6/.#)%6'6/1##1&'
,,6!
787.819:;<=>!
;/!<#&?)#@!"$A(B!
V1%$!-!2#F!9.'!:;(+:!#/!<.'+#()07' H-2&' gg(( F' #.$&'D&'8&'D--2.F!'+!,4=7'!1/,$&'P-",'O#,17'
N1##$#':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eBhC'
V1%$!-!2#F!>+.)0,! ?)0#5,0.',7' H-2&' g(gF'#.$&'D&'8&'D--2.F!'+!,4=7'!1/,$&'O&'J/6E"/)'
:a-#+'<2/$$%6/2'a%+1/17A'</)+1%.0#F'O/1H/1.'`,%H#1$%!7'81#$$F';e@=C'
V1%$!-!2#F!@#'+)0*7' #.$&'D&'8&'D--2.F!'+!,4=7'!1/,$&'G&'O/22%5#22A'a-,0%,*$F!A1!+.'!
B6"4)5'7' !1/,$&' \&O&'N73#A'b#)#!1%*$F! A1! *+%4'7' !1/,$&' \&J&'J-+#1!$' :a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e@BC&'
V1%$!-!2#F!@#'+)0*' /,.'b#)#!1%*$F!A1!*+%4'7' #.&'J#H&'I&'V&'L-M-,' :a-,.-,^'P&'L &'
b#,!F';e=eC'
V1%$!-!2#F!@#4)+)0*7' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'O&'J/6E"/)':a-#+'<2/$$%6/2'a%+1/17A'
a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e@BC'
V1!#)%.-1*$F!A1')(#0()+)0,7' !1/,$&'J-+#1!'P&'\"%!#':I-11/,6#F'</2%3^'i1%0%,/2'X--E$F'
;eeRC'
V*0*$!%,#F!C'!0)-)+,+'! C')7' H-2&' ( ?j(( F' #.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'D&'Y&'L/<1/6"#,F'
'+! ,4=':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eQk?kBC'
</$$%*$F'b%-'<-66#%/,*$F! <#5,1! D)*+#(%7' H-2&' (?(gF'#.$&'I&'Y&'8/0#F!'+,4=7' !1/,$&'Y&'
</17':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e;=?BkC'
<%6#1-F'L/16*$'I*22%*$F!E(6+6*! ,1$!A(,+#(7' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'D&'a&'
O#,.1%6E$-,'/,.'O&'L&'O*++#22':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'
\%22%/)'O#%,#)/,,'a!.F';e@eC'
<%6#1-F'L/16*$'I*22%*$F!C'!F)1)"6*! E#1#(65! >+!G,4#(657' #.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'
O&'J/6E"/)':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eh;C'
<%6#1-F'L/16*$'I*22%*$F!C'!H1-'1+)#1'7! C'!A&+)5#! I'1'('! A(,+#(657! 9#&)0,7' #.$&'I&'Y&'
8/0#F! '+! ,4=7' !1/,$&' O&L&'O*++#22' :a-#+' <2/$$%6/2' a%+1/17A' a-,.-,^' \%22%/)'
O#%,#)/,,'a!.F' ;e=eC'
<%6#1-F'L/16*$'I*22%*$F!C'!?,+6(,! C'#(657! ;0,$'5)0,7' #.$&'I&Y&'8/0#F!'+,4=7' !1/,$&'
O&'J/6E"/)':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e@RC'
<%6#1-F'L/16*$'I*22%*$F!C'!AJ/)0))*7' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&' \&'L%22#1'
:a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eh;C'
<%6#1-F'L/16*$'I*22%*$F!C'!A(,+#('7' H-2&' Y(F'#.$&'I&'Y&'8/0#F!'+!,4=7' I1/,$&'O&'
J/6E"/)':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e=BC'
<%6#1-F'L/16*$'I*22%*$F!C'!@,(+)+)#1'! A(,+#(),7' H-2&' (jF'#.$&'Y&'O&'\/1)%,0!-,F!'+!,4=7!
!1/,$&'O&'J/6E"/)':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'
,,C!
a!.F' ;eh>C'
<%6#1-F'L/16*$'I*22%*$F!C'!<'!@6"4)0,7! C'!K'2)"6*7' #.$&'I&'Y&'8/0#F!'+,)7' !1/,$&'
<2%,!-,'\/2E#1'f#7#$' :a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'
O#%,#)/,,'a!.F' ;eBeC'
<%6#1-F'L/16*$'I*22%*$F!K'++'(*! +#!;++)06*7' H-2&' ( ( F' #.$&' D&'8&'D--2.F!'+!,4=7'!1/,$&'Y&'i&'
\%,$!#.':a-#+'<2/$$%6/2' a%+1/17A'</)+1%.0#F' O/1H/1.'`,%H#1$%!7'81#$$F' ;e>=C'
<%6#1-F'L/16*$'I*22%*$F!@.)4)&&)0*7' #.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'\/2!#1'<&'V&'f#1'
:a-#+'<2/$$%6/2' a%+1/17A' a-,.-,^'\%22%/)'O#%,#)/,,' a!.F';eQ;C'
<%6#1-F'L/16*$'I*22%*$F!@(#!G)4#1'7! H1!@)*#1'57! @(#!B0,6(#7! @(#!F#1+')#7! @(#!
<,")()#! @#*+65#7! @(#!G,(0'44#7! @(#!K)2,()#7! @(#!<'2'! C')#++,(#7' H-2&'g(jF'
#.$&' P#331#7'O#,.#1$-,' /,.' D&' 8&' D--\F' !1/,$&' ]&'O&'\/!!$' :a-#+' <2/$$%6/2'
a%+1/17A'</)+1%.0#F'O/1H/1.'`,%H#1$%!7'81#$$F'BRRRC'
<%6#1-F'L/16*$'I*22%*$F! 9.'!B&''0.'*L! @(#! 4'2'!G,1)4),7! @(#!8,'0)1,7! @(#! 846'1+)#7!
@(#! <,")()#! @'($6'44)#1)*7' #.$&' I&Y&'8/0#F!'+!,4=7'!1/,$&'O&'D1-$#'O-.0#'
:a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;eBkC'
<%6#1-F'L/16*$'I*22%*$F! 9.'!M'(()1'! A(,+)#1*7' H-2&'(?`F'#.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'a&'
O&' D&' D1##,5--.' :a-#+' <2/$$%6/2' a%+1/17A' a-,.-,^' \%22%/)' O#%,#)/,,' a!.F'
;eB>?@QC'
<%6#1-F'L/16*$'I*22%*$F! 96*064,1! C)*&6+,+)#1*7' H-2&'gj(( ( F' #.$&' P#331#7'O#,.#1$-,'/,.'
D&' 8&' D--2.F' !1/,$&' P&' Y&' f%,0' :a-#+' <2/$$%6/2' a%+1/17A' </)+1%.0#F' O/1H/1.'
`,%H#1$%!7'81#$$F'BRR;C'
c<%6#1-dF!<.'+#()0,! ,$!D'('11)657' #.$&' D&'8&'D--2.F!'+!,4=7'!1/,$&'O/117'</42/,'
:a-#+'<2/$$%6/2' a%+1/17A'</)+1%.0#F' O/1H/1.'`,%H#1$%!7'81#$$F';e>;C'
<*1!%*$'J*3*$F'Z*%,!*$F!D)*+#(),! ;4'3,1$()! G,21)7' H-2&' ( ? ( ( F' #.$&'I&'Y&'8/0#F!'+! ,4=7!
!1/,$&'P&'<&'J-23#':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'O#%,#)/,,F' ;e=hC'
b%-'<"17$-$!-)F! N#(O*7' H-2&'(?jF'#.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'P&'\&'<-"--,'
:a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F';e@B?Q;C'
b%-.-1*$'G%6*2*$F!E)"4)#+.'0,! D)*+#()0,7' H-2&';?j':a%4$%/#^'(,'/#.%+*$'X&'D&'
I#*+,#1%F' ;>>>?;eRhC'
b%-0#,#$'a/#1!%*$F!K)-'*! #/!>5)1'1+! @.)4#*#&.'(*7' H-2&'( ? ( ( F' #.$&' I&'Y&'8/0#F!'+!,4=7'!1/,$&'
J&'b&'O%6E$':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F';eBQC'
b%-,7$%*$'-3'O/2%6/1,/$$*$F!9.'!8()+)0,4! >**,%*7' H-2&'(?`F'#.$&' Y&'O&'\/1)%,0!-,F'
'+! ,4=7' !1/,$&' G!#4"#,' `$"#1' :a-#+' <2/$$%6/2' a%+1/17A' </)+1%.0#F' O/1H/1.'
`,%H#1$%!7'81#$$F' ;ek=?>QC'
Y,,%*$F'Z*%,!*$F!;11,4'*7' #.&'i!!-'GE*!$6"' :iM3-1.^'<2/1#,.-,' 81#$$A']#5'l-1E^'
iM3-1.'`,%H#1$%!7'81#$$F' ;e>QC'
Y4%6!#!*$F' #.$&' Y&'</44$F!'+!,4=7'!1/,$&'\&'V&'i2.3/!"#1':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'
,-D!
\%22%/)'O#%,#)/,,'a!.F';eBkC'
Y*$#+%*$F'X%$"-4'-3'</#$/1#/F!D)*+#(),! >004'*),*+)0,7' H-2&'(?OF'#.$&'I&'Y&'8/0#F!'+!,4=7!
!1/,$&'f&'a/E#':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eBh?
@BC'
D/%*$F!H1*+)+6+'*7' H-2&'(?`F'!1/,$&'N1/,6%$'.#'m*2*#!/':iM3-1.^'<2/1#,.-,'81#$$F';e=h?Q@C'
D#22%*$F'V*2*$F!9.'!;++)0! ?)2.+*7' H-2&'(?POF'#.$&'Y&'</44$F!'+!,4=7' !1/,$&'P&'<&'J-23#'
:a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eBk?B>C'
D-10%/$F'-3'a#-,!%,%F!>10#5)65! #/!D'4'17' !1/,$&'b&'L &'L/6b-5#22' :X1%$!-2^'X1%$!-2'
<2/$$%6/2'81#$$F';e>BC'
O#1-.-!*$F'H-2&' ( ( F' #.$&'I&'Y&'8/0#F!'+,4=7' !1/,$&'V&'b&'D-.2#7':a-#+'<2/$$%6/2' a%+1/17A'
a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eB>C'
O-1/6#F!B,+)('*7! >&)*+4'*7! ,1$;(*! @#'+)0,7' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'O&'J*$"!-,'
N/%162-*0"':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';eBeC'
(0,/!%*$F'X%$"-4'-3'V+!%-6"F!>&)*+#4,'7' !1/,$&'P&'O&'G1/52#7':a-,.-,^'G8<fF';eRRC'
($-61/!#$F!;1+)$#*)*7' H-2&'`F'#.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'D#-10#']-12%,':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e@RC'
($-61/!#$F!A(,+)#1! +#!@.)4)&7' H-2&' ( F' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'D#-10#']-12%,':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e@RC'
($-61/!#$F!@,1'2%()06*7' H-2&' ( F' #.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'D#-10#']-12%,':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e@RC'
P-",'<"17$-$!-)F!9.'!D#5)4)'*! #/B=! P#.1! 8.(%*#*+#57! ;(0.")*.#&! #/! 8#1*+,1+)1#&4'L!
#1! +.'!/)(*+! >&)*+4'! #/!B+=! @,64! +.'!;&#*+4'! +#! +.'!8#()1+.),1*' :iM3-1.A'a-,.-,^'
8/1E#1^'J%H%,0!-,F' ;>@eCF'8/1!';F'O-)%2%#$';?B='
P-$#4"*$F'N2/H%*$F!P'Q)*.! ;1+)R6)+)'*7' H-2&'(?(gF'#.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'J/24"'
L/16*$':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e@k?hBC'
P-$#4"*$'N2/H%*$F!9.'!P'Q)*.! N,(7'H-2&'(?(gF'#.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'O&'G!&'P&'
I"/6E#1/7' :a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F'
;e@R?h;C'
P*$!%,' L/1!71F' G/%,!F! C),4#26'! Q)+.! 9(%&.#' :X#12%,A' ]#5' l-1E^' \/2!#1' .#' D1*7!#1F'
;eekC'
P*$!%,'L/1!71F' G/%,!F!;#2)'*7' !1/,$&'a#$2%#'\%22%/)'X/1,/1.':]#5'l-1E^'8/*2%$!'
81#$$F';eekC'
P*H#,/2F!P6-'1,4! ,1$!@'(*)6*7' #.$&'D&'8&'D--2.F!'+!,4=7'!1/,$&'D&'D&'J/)$/7':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F';e=RC'
a%H7F!N#(O*7' H-2&'(?j`PF'#.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'N1/,E'D/1.,#1'L--1#F! '+,4=!
,-E!
:a-#+'<2/$$%6/2' a%+1/17A'</)+1%.0#F'L/$$&^' O/1H/1.'`,%H#1$%!7'81#$$A'
a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e;e?QeC'
a*6%/,F!C'!5#(+'! @'('2()1)7' H-2&'jF'#.$&' I&'Y&'8/0#F!'+!,4=7'!1/,$&'V&'L &'O/1)-,':a-#+'
<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;eh;C'
a*6%/,F!H1$)0)65! -#0,4)657' H-2&' ( F' #.$&' I&'Y&'8/0#F!'+!,4=7' !1/,$&'V&'L &'O/1)-,' :a-#+'
<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;eh;C'
a*6%/,F!N#(O*7' H-2&' (?jPOF'#.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'V&'L &'O/1)-,' :a-#+'<2/$$%6/2'
a%+1/17A'</)+1%.0#F'L/$$&^' O/1H/1.'`,%H#1$%!7'81#$$A'a-,.-,^'\%22%/)'
O#%,#)/,,' a!.F' ;e;@?hkC'
L/16*$'V*1#2%*$F!G'$)+,+)#1*7' #.&'<&'J&'O/%,#$F' !1/,$&'<&'J&'O/%,#$':a-#+' <2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e@RC'
L%,*6%*$'N#2%MF'#.$&I&'Y&'8/0#F!'+!,4=7'!1/,$&'\&'<&'V&'f#11':a-#+'<2/$$%6/2'a%+1/17A'
a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e@=C'
i1%0#,F!8#1+(,! 8'4*65' :V*0*$!/#' j%,.#2%6-1*)^' c()41%)#+/!'b/H%.'N1/,6EdF' ;hRQC'
i1%0#,F!8#1+(,! 8'4*65' :</)+1%.0#^'`,%H#1$%!7'81#$$F' ;eQ@C'
8#!1-,%*$'V1+%!#1F!B,+%()0#17' !1/,$&'8&'D&'\/2$"' :iM3-1.'5-12.9$'62/$$%6$A'iM3-1.^'
iM3-1.'`,%H#1$%!7'81#$$F' ;eeeC'
8"%2.F'H-2&' (?gF'#.$&' I&'Y&'8/0#F!'+!,4=7'!1/,$&'N&'O&'<-2$-,'/,.'D&'O&'\"%!/E#1':a-#+'
<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e@R?hBC'
8"%2-.#)*$F! C'!<.'+#()0,7' #.&'G%#031%#.'G*."/*$':V)$!#1./)^'O/EE#1!F' ;eh=C'
8"%2-$!1/!*$F! 9.'!K)/'! #/;,#1)6*! #/9%,1,7! +.'!>&)*+4'*! #/!;,#1)6*7! ,1$!+.'!
9(',+)*'! #/!>6*'")6*7' H-2&'(?PPF'#.$&' D&'8&'D--2.F!'+!,4=7'!1/,$&'N&'<&'
<-,7+#/1#':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e;BC'
82/!-F!>6+.%&.(#7! ;#2%7! 8()+#7! @.,'$#7! @.,'$(6*7' #.$&'Y&'O&'\/1)%,0!-,F! '+,47!
!1/,$&'O/1-2.']-1!"'N-52#1':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'
\%22%/)'O#%,#)/,,' a!.F' ;ek;C'
82/!-F!K,0.'*7! @(#+,2#2,*7! G'1#7! >6+.%$'56*' #.$&' I&'Y&'8/0#F!'+!,4=7'!1/,$&'\&'J&'L&'
a/)+':a-#+'<2/$$%6/2' a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F';ehBC'
82/!-F!K%*)*7! B%5&#*)657! I#(2),*7' H-2&' O(F'#.$&' D&'8&'D--2.F!'+!,4=7'!1/,$&'\&'J&'L &'
a/)+':a-#+'<2/$$%6/2' a%+1/17A'</)+1%.0#F' O/1H/1.'`,%H#1$%!7'81#$$F';ekQC'
82/!-F!K,Q*7' H-2&' ( ( F' #.$&' Y&'</44$F!'+!,4=7'!1/,$&'J&'D&'X*17':a-#+'<2/$$%6/2'a%+1/17A'
a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e@;C'
82/!-F!<'&6"4)07' H-2&' ( F' #.$&' I&'Y&'8/0#F!'+!,4=7'!1/,$&'8/*2'G"-1#7':a-#+' <2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;eQ@C'
82/!-F! 9.','+'+6*7! B#&.)*+7' H-2&' ( ( F' #.$&' Y&'</44$F!'+!,4=7'!1/,$&'O&'] &'N-52#1' :a-#+'
,-F!
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eB;C'
82/*!*$F'I%!*$'L/66%*$F!N#(O*7' H-2&' (?jF'#.$&'I&'Y&'8/0#F!'+,4=7' !1/,$&'8/*2']%M-,':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e;h?@>C'
82%,7F!K'++'(*7' H-2&'(?,F'#.$&'Y&'</44$F!'+!,4=7'!1/,$&'\&'L#2)-!"':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eB@?B=C'
82*!/16"F!K)-'*7' H-2&' ( ?g( F' #.$&'Y&'</44$F!'+!,4=7'!1/,$&'X#1,/.-!!#'8#11%,':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e;=?BhC'
82*!/16"F!G#(,4),7' H-2&' O(F' #.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'N1/,E'<-2#'X/++%!!':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e@;C'
82*!/16"F!G#(,4),7' H-2&' (gF'#.$&'I&'Y&'8/0#F!'+!,4=7'!1/,$&'Y.5%,'a&'L%,/1':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eh;C'
82*!/16"F!G#(,4),7' H-2&'gPP(F'#.$&'D&'8&'D--2.F!'+!,4=7'!1/,$&'O/1-2.'<"#1,%$$' :a-#+'
<2/$$%6/2'a%+1/17A'</)+1%.0#F'O/1H/1.'`,%H#1$%!7'81#$$F';ekhC'
81-4#1!%*$F' #.$&'Y&'</44$F!'+!,4=7'!1/,$&'O&'Y&'X*!2#1':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'
\%22%/)'O#%,#)/,,'a!.F' ;e;BC'
Z*%,!%2%/,F!H1*+)+)+)#! A(,+#(),7' H-2&' (?`PF'#.$&'P#331#7'O#,.#1$-,' /,.'D&'8&'D--2.F'!1/,$&'
b-,/2.'V&'J*$$#22':a-#+'<2/$$%6/2'a%+1/17A'</)+1%.0#F'O/1H/1.'`,%H#1$%!7'
81#$$F'BRR;C'
Z*%,!%2%/,F!H1*+)+)+)#! A(,+#(),7' H-2&' (j?jF'#.$&'Y&'</44$F!'+!,4=7'!1/,$&'O&'Y&'X*!2#1':a-#+'
<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eBhC'
G#,#6/F'a*6%*$'V,,/#*$F!;�#4#0%1+#*)*7' #.&'8&'I&'Y.#,':a-#+'<2/$$%6/2'a%+1/17A'
</)+1%.0#^'</)+1%.0#'`,%H#1$%!7'81#$$F';e>=C'
G#,#6/F'a*6%*$'V,,/#*$F!>&)*+64,'! G#(,4'*7' H-2&' (?OPF'#.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'
P-",'\&'X/$-1#':a-#+'<2/$$%6/2'a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'
a!.F' ;eB>?@QC'
G*#!-,%*$F' H-2&' ( ? ( ( F' #.$&'I&'Y&'8/0#F!'+!,4=7' !1/,$&'P&'<&'J-23#':a-#+'<2/$$%6/2'a%+1/17A'
a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;eBRC'
I/6%!*$F!;11,4*7' H-2&'jF'#.$&'Y&'O&'\/1)%,0!-,F!'+!,4=7'!1/,$&'P-",'P/6E$-,':a-#+'
<2/$$%6/2'a%+1/17A'</)+1%.0#F'O/1H/1.'`,%H#1$%!7'81#$$F';e@kC'
I/6%!*$F!D)*+#()'*7' H-2&',F' #.$&I&'Y&'8/0#F!'+!,4=7'!1/,$&'P-",'P/6E$-,':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;ehBC'
I#1!*22%/,F! ;#2'+)06*7' #.$&I&'Y&'8/0#F!'+!,4=7'!1/,$&'I&'J&'D2-H#1':a-#+'<2/$$%6/2'
a%+1/17A'a-,.-,^'\%22%/)'O#%,#)/,,'a!.F' ;e@=C'
j/2#1%*$'L/M%)*$F'H-2&' ( F' #.$&' P#331#7'O#,.#1$-,' /,.'D&'8&'D--2.F'!1/,$&'b&'J&'
G"/6E2#!-,'X/%2#7':a-#+'<2/$$%6/2'a%+1/17A'</)+1%.0#F'O/1H/1.'
`,%H#1$%!7'81#$$F'BRRRC'
,-,!
j%10%2F' H-2&' ( ? ( ( F' #.$&'D&'8&'D--2.F!'+!,4=7'!1/,$F'O&'J*$"!-,'N/%162-*0"':a-#+'<2/$$%6/2'
a%+1/17A' </)+1%.0#F'L/$$&^'O/1H/1.'`,%H#1$%!7'81#$$A'a-,.-,^'\%22%/)'
O#%,#)/,,' a!.F';e>hC'
g#,-4"-,F!;2'*)4,6*7' #.&'J&\&'I/72-1':a-,.-,^'J%H%,0!-,$F';>>RC'
g#,-4"-,F!8%(#&,'$),7' H-2&'(?OF'#.$&' Y&'</44$F!'+!,4=7'!1/,$&'\&'L%22#1' :a-#+'<2/$$%6/2'
a%+1/17A' a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;e;=?BQC'
g#,-4"-,F!G'5#(,")4),7' !1/,$&'P&'G&'\/!$-,F' %,'V&'b&'a%,.$/7':#.&CF! B#0(,+'*!
C)*0#6(*'*! "%!@4,+#! ,1$!S'1#&.#1' :a-,.-,^'P&'L &'b#,!'n'G-,$F'a!.&F';e;>C'
g#,-4"-,F!G'5#(,")4),' /,.!A'0#1#5)06*7' #.$&I&'Y&'8/0#F!'+!,4=7'!1/,$&'Y&'<&'L/16"/,!'
:a-,.-,^'\%22%/)'O#%,#)/,,' a!.F' ;eB@C'
7/!G'??$0()#&$B!'0!H$I!"$B()?$0(!"$A(B!
X/11#!!F'<&'f&F!9.'!F)(*+! >&)*+4'! +#!+.'!8#()1+.),1*' :X2/6E9$']#5'I#$!/)#,!'
<-))#,!/1%#$A' a-,.-,^'V./)'n'<"/12#$'X2/6EF' ;eh>C'
X/11#!!F'<&'f&F!9.'!B'0#1$! >&)*+4'! +#!+.'!8#()1+.),1*' :X2/6E9$']#5'I#$!/)#,!'
<-))#,!/1%#$A' a-,.-,^'V./)'n'<"/12#$'X2/6EF' ;ek@C'
X/11#!!F'<&'f&F!;! 8()+)0,4! ,1$!>3'2'+)0,4! 8#55'1+,(%! #1!+.'!;0+*! #/!+.'! ;&#*+4'*!
:B'H-2$&A'(,!#1,/!%-,/2'<1%!%6/2'<-))#,!/17A'Y.%,+*10"^'InI'<2/1EF';ee>C'
X/2_F'O-1$!'/,.'D#1"/1.'G6",#%.#1F!>3'2'+)0,4! C)0+)#1,(%! #/!+.'!?'Q! 9'*+,5'1+' :D1/,.'
J/4%.$' L ( ^' \%22%/)'X&'Y#1.)/,$F';eeRC'
X#$!F'Y1,#$!F!B'0#1$! 8#()1+.),1*' :(,!#141#!/!%-,A'V!2/,!/^'P-",' f,-MF' ;e>kC'
X#!_F'O/,$'b%#!#1F!C'(!;&#*+'4! @,646*! 61$!$)'! B#O(,+)*0.'! 9(,$)+)#1L! ')1'! >3'2'+)*0.'!
T1+'(*60.612! U6!*')1'(! V;#2)':! W!X#()1+.'(! YZ[Y\':I*+%,0#,^'L-"1F' ;ekBC'
X#!_F'O/,$'b%#!#1F!I,4,+),1*L! ;!8#55'1+,(%! #1!@,64]*! K'++'(! +#!+.'!8.6(0.'*! )1!
I,4,+),' :8"%2/.#24"%/^'N-1!1#$$'81#$$F';ekeC'
X1*6#F'N&'N&F!9.'!;0+*! #/! +.'!;&#*+4'*' :a-,.-,^'I7,./2#'81#$$F' ;ehQC'
X1*6#F'N&'N&F!9.'!>&)*+4'! #/!@,64! +#!+.'!I,4,+),1*L! ;!8#55'1+,(%! #1!+.'!I(''O! 9'3+!
:]#5' (,!#1,/!%-,/2' D1##E' I#$!/)#,!' <-))#,!/17A' YM#!#1^' I"#' 8/!#1,-$!#1'
81#$$F';e>BC'
<-22%,$F' J&'N&F!F)(*+! 8#()1+.),1*' :G/61/'8/0%,/'G#1%#$'kA'<-22#0#H%22#F'L%,,^'
D2/_%#1Sa%!*10%6/2'81#$$F';eeeC'
<-,_#2)/,,F'O&F!Y!8#()1+.),1*L! ;!8#55'1+,(%! #1!+.'!F)(*+! >&)*+4'! +#!+.'! 8#()1+.),1*!
^D'(5'1'),_' 8"%2/.#24"%/^'N-1!1#$$'81#$$F';ekQC'
b*,,F'P&'b&'D&F!Y!8#()1+.),1*' :G"#33%#2.^'G"#33%#2.'V6/.#)%6'81#$$F' ;eeQC'
b*,,F'P&'b&'D&F! 9.'!;0+*! #/! +.'!;&#*+4'*' :Y45-1!"' <-))#,!/1%#$A'8#!#1+-1-*0"^'
Y45-1!"'81#$$F' ;eehC'
Y22%,05-1!"F' 8&' /,.' O&'V&'O/!!-,F!@,64]*! F)(*+! K'++'(! +#! +.'! 8#()1+.),1*' :`,%!#.' X%+2#'
G-6%#!%#$'O/,.+--EA']#5' l-1E^'`,%!#.' X%+2#'G-6%#!%#$F' ;ee=C'
N##F' D&'b&F!9.'! F)(*+! >&)*+4'! +#! +.'! 8#()1+.),1*' :]#5' (,!#1,/!%-,/2'<-))#,!/17'-,' !"#'
]#5'I#$!/)#,!A'D1/,.'J/4%.$'L( ^' \%22%/)'X&'Y#1.)/,$F' ;e>kC'
N*1,%$"F'j&'8&F' S S! 8#()1+.),1*' :V,6"-1'X%+2#' @BVA']#5' l-1E^'b-*+2#./7F';e>=C'
D/12/,.F'b/H%.' Y&F! Y!8#()1+.),1*' :X/E#1'YM#0#!%6/2'<-))#,!/17'-,' !"#' ]#5'
I#$!/)#,!A'D1/,.'J/4%.$^'X/E#1'V6/.#)%6F'BRR@C'
O/11%$F'L*11/7' P&F! 9.'!B'0#1$! >&)*+4'! +#! +.'! 8#()1+.),1*L! ;! 8#55'1+,(%! #1! +.'! I(''O!
I#M!' :]#5' (,!#1,/!%-,/2' D1##E' I#$!/)#,!' <-))#,!/17A' D1/,.' J/4%.$' L( ^'
\%22%/)'X&'Y#1.)/,$F'BRRQC'
O/7$F'J&'X&F!F)(*+! 8#()1+.),1*' :(,!#141#!/!%-,^'V'X%+2#'<-))#,!/17'3-1'I#/6"%,0' /,.'
81#/6"%,0A'a-*%$H%22#' fl^'\#$)%,$!#1'P-",'f,-M'81#$$F';eekC'
O-1$2#7F'J&'V&F!Y!8#()1+.),1*' :V+%,0.-,' ]#5'I#$!/)#,!'<-))#,!/1%#$A']/$"H%22#^'
V+%,0.-,' 81#$$F' ;ee>C'
O*0"#$F'8"%2%4'Y.06*)+#F!@,64]*! B'0#1$! >&)*+4'! +#! +.'! 8#()1+.),1*L! 9.'!>124)*.! 9'3+!
Q)+.! H1+(#$60+)#17! >3&#*)+)#1! ,1$! ?#+'*' :]#5' (,!#1,/!%-,/2'<-))#,!/17'-,' !"#'
]#5' I#$!/)#,!A'Y.%,+*10"^'L/1$"/22F' L-10/,'n'G6-!!F';ehBC'
a%0"!3--!F'P&'X&F!?#+'*! #1! +.'!>&)*+4'*! #/!B+!@,64!/(#5! T1&6"4)*.'$! 8#55'1+,()'*!
:a-,.-,^'L/6)%22/,F' ;>eQC'
a-,0#,#6E#1F'J%6"/1.']& F!I,4,+),1*' :\-1.' X%+2%6/2'<-))#,!/17'=;A'I#M/$^'\-1.'
X--E$F' ;eeRC'
L/1!7,F' P&'a-*%$F! I,4,+),1*' :V,6"-1'X%+2#' @@VA']#5' l-1EA'a-,.-,^'b-*+2#./7F' ;eekC'
L/1!%,F'J/24"'8&F' B!8#()1+.),1*' :\-1.'X%+2%6/2'<-))#,!/17'=RA'\/6-^'\-1.'X--E$F'
;e>hC'
L#!_0#1F'X1*6#'L& F!;! 9'3+6,4! 8#55'1+,(%! #1! +.'!I(''O! ?'Q! 9'*+,5'1+L! ;! 8#5&,1)#1!
M#465'! +#! +.'! T1)+'$! E)"4'! B#0)'+)'*]! I(''O! ?'Q! 9'*+,5'1+' :=! "' 1#H&' #.&A'
G!*!!0/1!A']#5' l-1E^'`,%!#.' X%+2#'G-6%#!%#$F';ee=C'
L-33/!!F'P/)#$F!9.'!F)(*+! >&)*+4'! #/!@,64! +#! +.'! 8#()1+.),1*' :L-33/!!']#5'I#$!/)#,!'
<-))#,!/17A'a-,.-,^'O-..#1'/,.' G!-*0"!-,F' ;e@>C'
L*14"7?i9<-,,-1F'P#1-)#F!9.'! 9.'#4#2%! #/! +.'! B'0#1$! K'++'(! +#! +.'! 8#()1+.),1*' :]#5'
I#$!/)#,!'I"#-2-07A'</)+1%.0#^'</)+1%.0#'`,%H#1$%!7' 81#$$F';ee;C'
82*))#1F'V&F! ;! 8()+)0,4! ,1$!>3'2'+)0,4! 8#55'1+,(%! #1! +.'! B'0#1$! >&)*+4'! #/!B+=! @,64!
+#! +.'! 8#()1+.),1*' :(,!#1,/!%-,/2' <1%!%6/2' <-))#,!/17A' Y.%,+*10"^' I&' n' I&'
<2/1EF' ;e;QC'
,-J!
J-+#1!$-,F'V16"%+/2.' /,.' V231#.'82*))#1F!;! 8()+)0,4! ,1$! >3'2'+)0,4! 8#55'1+,(%L!
F)(*+! >&)*+4'! #/! B+! @,64! +#! +.'! 8#()1+.),1*' :(,!#1,/!%-,/2' <1%!%6/2' <-))#,!/17A'
Y.%,+*10"^'I&'n'I&'<2/1EF';ehkC'
G6"1/0#F'\-230/,0F! C'(! >(*+'! E()'/! ,1! $)'!X#()1+.'(' :YH/,0#2%$6"?E/!"-2%$6"#1'
f-))#,!/1'_*)']#*#,'I#$!/)#,!' kA'm*1%6"^'X#,_%0#1'j#12/0F' H-2&' ;F' ;ee;C'
I"%$#2!-,F'V&'<F! 9.'!F)(*+! >&)*+4'! +#!+.'! 8#()1+.),1*L! ;! 8#55'1+,(%! #1! +.'!I(''O! 9'3+!
:]#5' (,!#1,/!%-,/2' D1##E'I#$!/)#,!' <-))#,!/17A' </12%$2#^' 8/!#1,-$!#1'81#$$F'
BRRRC'
I"1/22F'L/10/1#!'Y&F!;! 8()+)0,4! ,1$!>3'2'+)0,4! 8#55'1+,(%! #1! +.'! B'0#1$! >&)*+4'! +#! +.'!
8#()1+.),1*' :B'H-2$&A' (,!#1,/!%-,/2'<1%!%6/2'<-))#,!/17A'Y.%,+*10"^'InI'<2/1EF'
;ee=?BRRRC'
\/!$-,F']& F!9.'!F)(*+! >&)*+4'! +#! +.'! 8#()1+.),1*' :Y45-1!"' <-))#,!/1%#$A'a-,.-,^'
Y45-1!"'81#$$F' ;eeBC'
\#%$$F'P&F!C'(! >(*+'' VI-1%,3S%#1n,9#S:f1%!%$6"?#M#0#!%$6"#1'f-))#,!/1'%%+#1'./$']#*#'
I#$!/)#,!'QA'D-!!%,0#,^'j/,.#,"-#6E'n'J*41#6"!F';e;RC'
G/!9$0$#)KL1(M$#!N'#OB!G&($P!
V./)$F'Y.5/1.F!8#1*+(60+)12! +.'! N#(4$L! ;! B+6$%! )1!@,64]*! 8#*5#4#2)0,4! K,126,2'!
:Y.%,+*10"^'I n I' <2/1EF'BRRRC'
V./)$F'Y.5/1.'/,.' b/H%.'D&'O-11#22' :#.$&CF!8.()*+),1)+%! ,+! 8#()1+.L! 9.'! `6'*+!/#(! +.'!
@,64)1'! 8.6(0.' :\#$!)%,$!#1'P-",'f,-M'81#$$^'a-*%$H%22#F' BRR=C'
V22#01-F' P&'L & F'9N*1!"#1'a%0"!'-,' !"#' O%$!-17' -3'!"#' Z*)1/,'G#6!9F!P#6(1,4! #/! E)"4)0,4!
K)+'(,+6('' kQ' :;eQhCF'>e?eQ'
V2$!-,F'J%6"/1.F' 9V1)$'/,.' !"#'L/,^' G-2.%#1$F'L/$6*2%,%!7' /,.' 8-5#1'%,'J#4*+2%6/,'
/,.' ()4#1%/2' J-)#9F' %,' a%,' N-M"/22' /,.' P-",' G/2)-,' :#.$&CF! N.'1! G'1! N'('!
G'1L! G,*064)1)+%7! @#Q'(7! ,1$! H$'1+)+%! )1! 84,**)0,4! ;1+)R6)+%' :a-,.-,^'
J-*!2#.0#F';ee>CF'BRQ?B@'
V,.#1$-,F'J&'b&F!;10)'1+! <.'+#()0,4! 9.'#(%! ,1$!@,64' :f/)4#,^'f-EF' ;eehC'
V,.#1$-,'O&':!1/,$&CF' 9='L/66/+##$9F'%,'P/)#$'O&'<"/12#$5-1!"':#.&CF!9.'! A4$!
9'*+,5'1+! @*'6$'&)2(,&.,' :]#5' l-1E^'b-*+2#./7'n'<-)4/,7F';e>QCF'
H-2&'B&QhB?h@&'
V,.1#5$F'G&' X&F' 9I--'\#/E']-!'I-'a#/.^'I"#' N-1)'/,.' N*,6!%-,'-3'B'<-1' ;;&B@+?@@T'
?'Q! 9'*+,5'1+! B+6$)'*' =;' :;eeQCF'Bh@?kh'
V1,-2.F'Y&'j#1,-,F!<#5,1! B+#)0)*5L! E')12! K'0+6('*! #1! +.'!D)*+#(%! #/! +.'! B+#)0!
@.)4#*#&.%! Q)+.! B&'0),4! <'/'('10'! +#!H+*!C'-'4#&5'1+! Q)+.)1! +.'!<#5,1! >5&)('!
:</)+1%.0#^'</)+1%.0#'`,%H#1$%!7' 81#$$F';e;;C'
V$4#01#,F'f#1$!%,F! 9.'!G,4'! N#5,1L! ;! F'5)1)1'! H$',4! )1! +.'!>,(4%! 8.6(0.!
,-4!
:G!-6E"-2)^'V2)[H%$!'n'\%2E$#22F' ;eeRC'
X/26"F'b/H%.' a&F'98/*29$'4-1!1/%!'-3'<"1%$!'<1*6%3%#.' :D/2&' @&;C' %,'a%0"!'-3'8/%,!%,0$' /,.'
G6*24!*1#$'-3' G*33#1%,0'/,.' b#/!"' %,'8-)4#%%/,' /,.' J-)/,'O-*$#$9F' %,' b/H%.'
a&' X/26"' /,.' </1-27,' i$%#E' :#.$&CF! >,(4%! 8.()*+),1! F,5)4)'*! )1! 8#1+'3+L! ;1!
H1+'($)*0)&4)1,(%! C),4#26'' :D1/,.'J/4%.$^'\%22%/)'X&'Y#1.)/,$F'BRR@CF'>=?;R>'
X/162/7F'P&'L&'D&F' I"#$$/2-,%6/'/,.' <-1%,!"^' G-6%/2'<-,!1/$!$'%,'8/*2%,#'<"1%$!%/,%!79F'
P#6(1,4! /#(! +.'!B+6$%! #/! +.'!?'Q! 9'*+,5'1+' =k' :;eeBCF'=e?k='
X/162/7F'P&'L&'D&F!P'Q*! )1! +.'!G'$)+'((,1',1! C),*&#(,' :Y.%,+*10"^'I'n'I'<2/1EF' ;eehC'
X/162/7F'P&'L&'D&F' 9B'<-1%,!"%/,$9F' %,'P/)#$'b&D&'b*,,'/,.' P-",'\&'J-0#1$-,':#.$&CF'
>'($5,1*! 8#55'1+,(%! #1! +.'!E)"4'' :D1/,.'J/4%.$F'L( ^'\&X&'Y#1.)/,$F'
BRR@CF';@Q@?k@'
X/1,#!!F'8&'\&F' 9i44-$%!%-,' %,'<-1%,!"9F! P#6(1,4! /#(! +.'!B+6$%! #/! +.'!?'Q! 9'*+,5'1+!
:;e>=CF' @?;k'
X/11#!!F'<&' f&F' 9<"1%$!%/,%!7'/!'<-1%,!"9F! E644'+)1! #/! +.'!P#.1! <%4,1$*! T1)-'(*)+%! K)"(,(%!
#/!G,10.'*+'(' =h' :;eh=CF'Bhe?ek'
X/11#!!F'<&'f&F'9<#4"/$'/,.' <-1%,!"9F' %,!>**,%*! #1!@,64' :a-,.-,^'G8<fF' ;e>BC'
X/1!-,F'<&'V&F!9.'!B#((#Q*! #/! +.'!;10)'1+! <#5,1*' :81%,6#!-,F']&'P&^' 81%,6#!-,'
`,%H#1$%!7' 81#$$F' ;ee@C'
X/1!-,F'<&'V&F!<#5,1! D#1#6(' :</2%3-1,%/^' `,%H#1$%!7' -3'</2%3-1,%/'81#$$F' BRR;C'
X/1!-,F'G&' < F' 98/*2' /,.' !"#' <1-$$^'V'G-6%-2-0%6/2'V441-/6"9F! 9.'#4#2%' >Q' :;e>BCF'
;@?;e'
X/1!-,F'G&' <F' 9;'<-1%,!"%/,$9F'%,'P/)#$'b&D&'b*,,'/,.' P-",'\&'J-0#1$-,':#.$&CF'
>'($5,1*! 8#55'1+,(%! #1! +.'!E)"4'' :D1/,.'J/4%.$F'L( ^'\&X&'Y#1.)/,$F'
BRR@CF';@;=?QB'
X/1!-,F'I/)$7,'G&F' 98"7$%-,-)%6$^!M#)(7! B,-#)(7! @#6-#)(]7' %,!@#Q'(! ,1$! X1#Q4'$2'L!
;*+(#4#2%7! @.%*)#21#5)'*7! ,1$! G'$)0)1'! 61$'(! +.'! <#5,1! >5&)('' :V,,' V1+-1^'
T1)-'(*)+%! #/!G)0.)2,1! @('**7' ;ee=CF'eQ?;@;'
X/*#1F'\&F'N&'\&'b/,E#1F'\&'N&'V1/.!F'/,.' N&'\&'D%,01%6"F! ;! I(''O[>124)*.! K'3)0#1! #/!
+.'! ?'Q! 9'*+,5'1+! ,1$! A+.'(! >,(4%! 8.()*+),1! K)+'(,+6('' :@1 .' #.&F' <"%6/0-^'
`,%H#1$%!7' -3'<"%6/0-'81#$$F'BRRRC'
X/*)0/1!#,F'P&'L& F'9b-#$'IaO'%,'!"#'I#)42#'G61-22' J#3#1'!-'<1*6%3%M%-,Wo! P#6(1,4! #/!
E)"4)0,4! K)+'(,+6('' e;' :;ekBCF'=kB?>;'
X/*1F'N#1.%,/,.'<"1%$!%/,F!@,647! 9.'!;&#*+4'! #/!P'*6*! 8.()*+7! D)*! K)/'! ,1$! N#(O7! D)*!
>&)*+4'*! ,1$! D)*! C#0+()1'' :B' H-2$&A' Y.%,+*10"Sa-,.-,^' \%22%/)$' n' ]-10/!#F'
;>kQ?khC'
X#E#1F'P&'< F! @,64! +.'!;&#*+4'L! 9.'! 9()65&.! #/!I#$! )1!K)/'! ,1$! 9.#62.' :Y.%,+*10"^'
,-Q!
InI<2 / 1 E F' ;e>RC'
X#!_F'O&'b&'/,.'L &'L &'L%!6"#22F' 9<-1%,!"%/,$F'N%1$!'Y4%$!2#'!-' !"#9F' %,'b/H%.']-#2'
N1##.)/,' :#.&CF! ;10.#(! E)"4'! C)0+)#1,(%' :h' H-2$&A' ]#5' l-1E^' b-*+2#./7F'
;eeBCF'H-2&';&;;@e?=>'
X#!_F'O&'b&F!C'(!;&#*+'4! @,646*! 61$$)'! *#O(,+)*0.'! 9(,$)+)#1L! >)1'! '3'2'+)*0.'!
T1+'(*60.612! U6! *')1'(! V;#2)':! W!X#()1+.'(! YZ[Y\' :I*+%,0#,^'L-"1F' ;ekBC'
X2/6EF'b&'V&F!@,647! ;&#*+4'! #/!N',O1'**L! ;*+.'1'),! ,1$! H+*! 8#21,+'*! )1! +.'! @,64)1'!
K)+'(,+6('' :]#5' l-1E^'8#!#1'a/,0F';e>=C'
X-,,#1F'G&' N&F!>$60,+)#1! )1!;10)'1+! <#5'' :a-,.-,^'L#!"*#,F' ;ekkC'
X-5#1$-6EF'D&'\&F! 9.'!B'0#1$! B#&.)*+)0L! ;! 864+6(,4! @.'1#5'1#1! )1! +.'! <#5,1!
>5&)('! ^K#1$#1L' J-*!2#.0#F' ;ee@C'
X1/.2#7F'f&'J&F! B4,-'*! ,1$!G,*+'(*! )1! +.'!<#5,1! >5&)('L! ;! B+6$%! )1!B#0),4! 8#1+(#4!
:iM3-1.^'iM3-1.'`,%H#1$%!7'81#$$F';e>kC'
X1#,,/,F'I/.F! 9.'! B+#)0! K)/'L! >5#+)#1*7! C6+)'*7! ,1$! F,+'' :iM3-1.^'iM3-1.'`,%H#1$%!7'
81#$$F'BRRQC'
X1-5,F' V&'J&F! 9.'! 8(#**! ,1$!D65,1! 9(,1*/#(5,+)#1L! @,64]*! ;�,4%&+)0! N#($! )1!
Y!8#()1+.),1*' :L%,,#/4-2%$^'N-1!1#$$'81#$$F' ;eeQC'
X1-5,F'N1/,6%$F'G&' J&'b1%H#1' /,.' <&'V&'X1%00$':#.$&CF!;!D'"('Q! ,1$! >124)*.! K'3)0#1! #/!
+.'! A4$! 9'*+,5'1+' :iM3-1.^'<2/1#,.-,F';eRkC'
X*6E2/,.F'\&'\&F! 9.'!<#5,1! K,Q! #/!B4,-'(%' :a-,.-,^'</)+1%.0#'`,%H#1$%!7'
81#$$F' ;ekRC'
X*22)-1#F'L%6"/#2'V&F!B+=!@,64]*! 9.'#4#2%! #/!<.'+#()0,4! B+%4'L! ;1! >3,5)1,+)#1! #/!Y!
8#()1+.),1*! W=Y[a! )1! +.'!K)2.+! #/!F)(*+! 8'1+6(%! I('0#[<#5,1! <.'+#()0,4! 864+6('!
:G/,' N1/,6%$6-^'(,!#1,/!%-,/2'G6"-2/1$'8*+2%6/!%-,F' ;eeQC'
X*13-1.F'V&F!8(,/+*5'1! )1!;10)'1+! I(''O! ,1$! <#5,1! B#0)'+%' :(!"/6/^'<-1,#22'`,%H#1$%!7'
81#$$F' ;ekBC'
</#$/1F'V.1%/,F! 9,O)12! )+!K)O'! ,!G,1L! B6//'()127! B'36,4)+%! ,1$! +.'! N,(!@#'+*L! E(##O'7!
B,**##17! AQ'17! I(,-'*' :L/,6"#$!#1A'L/,6"#$!#1'`,%H#1$%!7'81#$$F';ee@C'
</1$-,F'b&'V&F!9.'! 8(#**! ,1$! +.'! 8.()*+),1! G)1)*+(%L! ;1! >3&#*)+)#1! #/!@,**,2'*! /(#5!
Y!8#()1+.),1*' :D1/,.'J/4%.$^'X/E#1F';ee@C'
<"#$!#1F'G&' P&F! 8#1-'(*)#1! ,+! 8#()1+.L! @'(*&'0+)-'*! #1! 8#1-'(*)#1! )1!@,64]*! 9.'#4#2%!
,1$! +.'! 8#()1+.),1! 8.6(0.' :a-,.-,^'I'n'I'<2/1EF'BRR@C'
<"-5F'P&'f&F!@,+(#1,2'! ,1$! @#Q'(L! ;! B+6$%! #/!B#0),4! ?'+Q#(O*! )1!8#()1+.' :P-*1,/2'3-1'
!"#' G!*.7'-3'!"#' ]#5' I#$!/)#,!'G*442#)#,!'G#1%#$'kQA' G"#33%#2.^'PGiIF' ;eeBC'
<2/1E#F'V&'b&F!B'064,(! ,1$! 8.()*+),1! K',$'(*.)&! )1!8#()1+.L! ;! B#0)#[D)*+#()0,4! ,1$!
,-6!
!"#$#%&'()* +%,-.* /0* 1*2/3&4%5&(46* 178! "#$%&$'(! )* % + + ,! -../0!
1+2*3,!45'2+&!#$6$',*95#%/3&'* &4* :3#'/79/;(4* !-,'(%&/4! "7$8! 95*3(! 15+:6;%2!
<'%=$*>%?@,! -.AB0!
1+%'$>,!42=%&! CD! ED,! FG2:+,! ?H$! I'=%>%;+$! J2'F ,! %'!K?$LH$'!4D!J55*$! 2'&! C2'%M$!12L$+!
E'&$*>5'! "$&>D0,* <#=* >#6%(;#4%* ?(6',)&4&%! "K5M%$?@! 5N! )%;+%M2+! #%?$*2?:*$!
K$6$%2!K?:&%$>!OAP! E?+2'?2(! K5M%$?@! 5N!)%;+%M2+!#%?$*2?:*$,! QRR/0,! -S-T.Q!
15+$62',!UD!J D ,! FV2?2+!1H2*2&$>(!W562'!XY$M:?%5'>!K?2Z$&! 2>! J@?H5+5Z%M2+!
X'2M?6$'?>F,* @/,34()* /0* 9/;(4* +%,-! SR! "-..R0,!OOTB/!
15++%'>,! E&$+2!92*;*5! 2'&! J2*Z2*$?!J D!J%?MH$++! "$&>D0,*A4%&B,&%.* (4-* C,;(4&%.D* !66(.*
/4* A4'%* 9#)&$&/4* (4-* E5&)/6/F5.* E3#6#4%#-* %/* C(46* G&#%#3* H#%I* /4* C&6* JK%5*
H&3%5-(.! "[:;%'Z$'(!J5H*TK%$;$M3,! QRR-0!
15*'82++,! E'&*$2! 2'&! 72'M@!#%'&%>N2*'$!"$&>D0,*G&6)/'(%&4$* ?(6',)&4&%.D* 2/;F(3(%&L#*
!%54/$3(F5! "#5'&5'(!W5:?+$&Z$,! -..O0!
15:>2*,!1D! )D,*A* >5#/)/$.* /0* %5#* 23/66D* >5#* G#(%5* /0* @#6,6* &4* %5#* E(,)&4#* M#%%#36*
"J%''$2L5+%>(!V5*?*$>>,! -..R0!
1*5>>,!VD! # D! 2'&! XD! ED!#%=%'Z>?5'$! "$&>D0,* >5#* N"0/3-* G&'%&/4(3.* /0* %5#* 253&6%&(4*
25,3'5! "/ * &! $&DP! \YN5*&(! \YN5*&! <'%=$*>%?@!G*$>>,! -..B0,!A]R,! -O].TBR!
42H+,!7%+>! E+>?*:L,* +%,-* &4*E(,)D* >5#/)/$.* 0/3* %5#* !(3).* 253&6%&(4* ?&66&/4*
"J%''$2L5+%>(!E:Z>;:*Z,! -.BB0!
42H+,! 7%+>! E+>?*:L,! FG2:+! 2'&! ?H$! 1H:*MH! 2?! 15*%'?HF,! %'!X&82*&!E&26>! 2'&! 4D! ^D!
_5**$++* O#-6PQR* 253&6%&(4&%.* (%* 2/3&4%5D* >5#* S,#6%* 0/3* %5#* E(,)&4#* 25,3'5*
"`$>?6%'>?$*!C5H'!U'5Y! G*$>>(!#5:%>=%++$,! QRRO0,! SAT.A!
42=%>,! CD! ED ,* T&6-/;* (4-* +F&3&%D* A4* U4L#6%&$(%&/4* /0* 1* 2/3&4%5&(46* 1P* 1V7WPXK* ($(&46%*
%5#* H('Y$3/,4-* /0* @#=&65* +(F%&()* >3(-&%&/46* &4* %5#* :3#'/79/;(4* E#3&/-*
"#2'H26,!J4 (!<'%=$*>%?@!G*$>>!5N!E6$*%M2,! -.SO0!
4$%>>62'',!ED ,*E(,)Z* A* +%,-.* &4* +/'&()* (4-* 9#)&$&/,6* C&6%/3.! "#5'&5'(!_5&&$*! a!
K?5:ZH?5',! -.Q]0!
&$K%+=2,!4 D! ED ,! F[H$! 75;+$!15'?$>?(!_5'5:*,!KH26$,!2'&! ?H$! WH$?5*%M2+! K?*2?$Z@!5N!
O!J2MM2;$$>F,*@/,34()* 0/3* %5#* +%,-.* /0* %5#* E6#,-#F&$3(F5(! -/!"-..A0,! /-TAB!
&$K%+=2,!4 D! ED ,*[*?(''(\##6! "KH$NN%$+&(!KH$NN%$+&!EM2&$6%M!G*$>>,! -..S0!
&$K%+=2,!4 D! ED ,* >5#* C/F#* /0* :)/3.D* C/4/3* G&6'/,36#* (4-* <#=* >#6%(;#4%* U4%#3F3#%(%&/4*
"15++$Z$=%++$(! [H$! #%?:*Z%M2+! G*$>>,! -...0!
4$8$@,! E D! CD,! F E!J2??$*! 5N!_5'5:*(!E! K5M%2+T_%>?5*%M2+!E'2+@>%>! 5N! Q!15*%'?H%2'>! -RF,!
C(3L(3-* >5#/)/$&'()* 9#L&#=! BS! "-.SA0,! QR.T-B!
4*5Z$,! E*?H:*! CD! 2'&! C26$>!4D
4:'',! CD! 4D! ^D,* 1*2/3&4%5&(46! "KH$NN%$+&(!KH$NN%$+&!EM2&$6%M!G*$>>,! -..A0!
4:'',! CD! 4D! ^D,* >5#* >5#/)/$.* /0* E(,)* %5#* AF/6%)#! "X&%';:*ZH(! [! a! [! 1+2*3,! -..S0!
4:'',! CD! 4D! ^D,! FW$M5'>?*:M?%5'>!5N!15*%'?H%2'! 1H*%>?%2'%?@! 2'&! ?H$! I'?$*L*$?2?%5'! 5N! -!
15*%'?H%2'>F,! %'! X&82*&! E&26>! 2'&! 42=%&! ^D! _5**$++! "$&>D0,* 253&6%&(4&%.* (%*
2/3&4%5D* >5#* S,#6%* 0/3* %5#* E(,)&4#* 25,3'5! "`$>?6%'>?$*! C5H'! U'5Y! G*$>>(!
#5:%>=%++$,! QRRO0,! Q.AT/-R!
X&82*&>,!12?H2*%'$,! F[H$! K:NN$*%'Z!)5&@(! GH%+5>5LH@! 2'&! G2%'F,! %'!C26$>! I D! G5*?$*!
"$&D0,* 2/46%3,'%&/46* /0* %5#* 2)(66&'()* H/-.! "E''! E*;5*(! <'%=$*>%?@! 5N! J%MH%Z2'!
G*$>>,! -...0,!QAQT]S!
X&82*&>,!G2:+,* #%* (&Z! "$&>D0,* >5#* !4'.')/F#-&(* /0* E5&)/6/F5.! "#5'&5'(! 15++%$*!
J2M6%++2'! G:;+%>H$*>,! -.]B0!
X++%5??,! CD! UD ,* >5#* AF/'3.F5()* <#=* >#6%(;#4%D* A* 2/))#'%&/4* /0* AF/'3.F5()* 253&6%&(4*
M&%#3(%,3#* &4* (4* !4$)&65* >3(46)(%&/4! "\YN5*&(! 1+2*$'&5',! -../0!
X*%M3>>5',!ED ,* >3(-&%&/46* (6* 95#%/3&'()* E3//0D* E(,)&4#* A3$,;#4%(%&/4* &4* 1* 2/3&4%5&(46*
"K?5M3H5+6(!E+6b=%>?! a!`%3>$++ ,! -..S0!
V$$,! ^D! 4D ,* >5#* ]&36%* !F&6%)#* %/* %5#* 2/3&4%5&(46! "^*2'&!W2L%&>! J I (! X$*&62'>,! -.SB0!
V%'+$@,!J D! I D ,* A4'%* +)(L#3.* (4-* ?/-#34* U-#/)/$.! "#5'&5'(!1H2??5!a!`%'&:>,! -.SR0!
V%5*$'c2,!X+%>2;$?H!KMH:>>+$*,*U4* ?#;/3.* /0* C#3D* A* ]#;&4&6%* >5#/)/$&'()*
9#'/46%3,'%&/4* /0* 253&6%&(4* N3&$&46! "7$8! 95*3(! 1*5>>*52&,! -.S/0!
V%5*$'c2,!XD! KD! "$&D0,* +#(3'5&4$* %5#* +'3&F%,3#6P* ^/)* XD* A* ]#;&4&6%* 2/;;#4%(3.! "#5'&5'(!
K1J,! -..A0!
V%?c6@$*,!C5>$LH!ED,! F1*:M%N%Y%5'! %'!G2+$>?%'$,!d:6*2',! 2'&! ?H$! 7$8! [$>?26$'?F,! %'* >/*
A-L(4'#* %5#* :/6F#)D* <#=* >#6%(;#4%* +%,-! "^*2'&!W2L%&>(!`% + + % 26! )D!
X$*&62'>,! -.S-0,! -QATO]!
V%?cZ$*2+&,! CD! [D,* 23('Y6* &4* (4* !(3%5#4* ^#66#)D* A4* !"(;&4(%&/4* /0* %5#* 2(%()/$,#6* /0*
C(3-65&F6* &4* %5#* 2/3&4%5&(4* 2/33#6F/4-#4'#! "E?+2'?2(! KMH5+2*>!G*$>>,! -.SS0!
V5*;$>,!1 ,! F156L2*%>5',!K$+NTL*2%>$!2'&! I*5'@(! G2:+F>!)52>?%'Z! 2'&! 15'=$'?%5'>!5N!
_$++$'%>?%M!WH$?5*%MF,*<#=* >#6%(;#4%* +%,-! /Q! "-.S]0,! -T/R!
V5YH2++,! # %'! 2'&! C5H'!K2+65'! "$&>D0,* T5#4* ?#4* T#3#* ?#4D* ?(6',)&4&%.Z* E/=#3Z* (4-*
U-#4%&%.* &4* 2)(66&'()* A4%&B,&%.! "#5'&5'(!W5:?+$&Z$,! -..S0!
V*%$*,!)*:M$!`D,! F[H$! W$'?2+!J2*3$?! %'!X2*+@! I6L$*%2+!W56$F,* @/,34()* /0* 9/;(4*
+%,-! ]B! "-.BB0,! QBT/B!
V:'3,!W5;$*?!`D,* M(4$,($#Z* C#3;#4#,%&'Z* (4-* T/3-* /0* :/-D* %5#* E3/\)#;* /0M(4$,($*
&4* %5#* <#=* >#6%(;#4%* (4-* 2/4%#;F/3(3.* >5#/)/$.! "7$8! 95*3(! _2*L$*! a! W58,!
-.]]0!
!%&$
^2*&'$*,!C2'$!VD,! FK$Y%'Z! 2!W562'(! %6L$*N$M?!6$'! %'!W562'! +28F,! %'!# %'!V5YH2++! 2'&!
C5H'! K2+65'! "$&>D0,* T5#4* ?#4* T#3#* ?#4D* ?(6',)&4&%.Z* E/=#3Z* (4-* U-#4%&%.* &4*
2)(66&'()* A4%&B,&%.! "#5'&5'(!W5:?+$&Z$,! -..S0,! -/]TAQ!
^2*+2'&,!42=%&! XD,* 1* 2/3&4%5&(46! "^*2'&!W2L%&>,!J I (! )23$*!EM2&$6%M,! QRR/0!
^2*'>$@,!G$?$*,*+/'&()* +%(%,6* (4-* M#$()* E3&L&)#$#* &4* %5#* 9/;(4* !;F&3#! "\YN5*&(!
J2MJ:++$',!W26>$@,!\YN5*&! <'%=$*>%?@! G*$>>,! -.BR0!
^2*'>$@,!G$?$*,! F^*2%'! N5*!W56$F,! %'!G$?$*!^2*'>$@,!UD!_5L3%'>! 2'&! 1D! WD! `H%??23$*!
"$&>D0,* >3(-#* &4* %5#* A4'%* !'/4/;.! "#5'&5'(!1H2??5!a!`%'&:>,! -.S/0,! --ST/R!
^2*'>$@,!G$?$*,! FV55&!15'>:6L?%5'! %'!E'?%b:%?@(! [582*&>! 2!d:2'?%?2?%=$!EMM5:'?F,! %'!
G$?$*! ^2*'>$@! "$&D0,* ]//-Z* C#()%5* (4-* 2,)%,3#* &4* 2)(66&'()* A4%&B,&%.*
"126;*%&Z$(!1+2>>%M2+!4$L2*?6$'?!`5*3%'Z! G2L$*>,! -.S.0,! /]TO.!
^2*'>$@,!G$?$*!2'&! WD! K$++$*,* >5#* 9/;(4* !;F&3#D* !'/4/;.Z* +/'&#%.Z* (4-* 2,)%,3#*
"#5'&5'(!4:M385*?H,! -.SB0!
^2*'>$@,!G$?$*!2'&! ^*$Z!`55+N ,! FG2?*5'2Z$!5N! ?H$! W:*2+!G55*! %'! ?H$! W562'! 85*+& F ,! %'!
E'&*$8! `2++2M$T_2&*%++! "$&D0,* E(%3/4($#* &4* A4'%* +/'&#%.! "W5:?+$&Z$(!
#5'&5',! -..R0!
^$$*?c,!1+ % N N5*& ,! FW$+%Z%5'! 2>! 2!1:+?:*$!K@>?$6F,! %'!J%MH2$+! )2'?5'! "$&D0,!
A4%53/F/)/$&'()* AFF3/('5#6* %/* %5#* +%,-.* /0* 9#)&$&/4! "#5'&5'(!
[2=%>?5M3!G:;+%M2?%5'>,! -.]]0,! -TO]!
^$$*?c,!1+ % N N5*& ,* >5#* U4%#3F3#%(%&/4* /0* 2,)%,3#6D* +#)#'%#-* !66(.6! "#5'&5'(!V5'?2'2,!
-../0!
^$5*Z%,!4D,* >5#* NFF/4#4%6* /0* E(,)* &4* +#'/4-* 2/3&4%5&(46! "X&%';:*ZH(
#5'&5'(!92+$!<'%=$*>%?@! G*$>>,! -..]0!
^5*62',!J D!CD,* 23,'&0/3;&%.D* E(,)_6* <(33(%&L#* +F&3&%,()&%.* /0* %5#* 23/66! "^*2'&!W2L%&>(!
`% + + % 26! ) D!X$*&62'>,! QRR-0!
^5:+&$*,!J ,! FK5f?2! %'! -!15*%'?H%2'>F,* <#=* >#6%(;#4%* +%,-! /B! "-..-0,! A-]T/O!
^*2'?,!W5;$*?!J D ,! F[H$! 4$>M*%L?%5'! 5N!G2:+! %'! ?H$! EM?>! 5N!G2:+! 2'&! [H$M+2F,!
^&$&)&(#* 253&6%&(4(#! "-.SQ0!
^*2'?,!W5;$*?!J D ,*E(,)* &4* %5#* 9/;(4* T/3)-D* >5#* 2/40)&'%* (%* 2/3&4%5! "#5:%>=%++$! U9 (!
`$>?6%'>?$*!C5H'!U'5Y,! QRR-0!
^:'&$*>5',!X*%3,! F4%>M5=$*%'Z! ?H$! )5&@! %'!W562'!\*2?5*@F,! %'!J2*%2! `@3$! "$&D0,!
E(3'5;#4%6* /0* :#4-#3D* G#'&F5#3&4$* %5#* H/-* /0* A4%&B,&%.*
"\YN5*&(! 1+2*$'&5',! -..S0,! -].fS.!
^:'&$*>5',!X*%3,* +%($&4$* ?(6',)&4&%.D* >5#* 95#%/3&'* /0* E#30/3;(4'#* &4* %5#* 9/;(4*
T/3)-! "E''! E*;5*(! <'%=$*>%?@! 5N!J%MH%Z2'! G*$>>,!QRRR0!
_2++%$,! GH%+%L! GD,! FK?5%M%>6F,! %'!G2:+!X&82*&>,* #%* ()Z! "$&>D0,* >5#* !4'.')/F#-&(* /0*
E5&)/6/F5.! "S! =5+>DP! #5'&5'(! 15++%$*! J2M6%++2'! G:;+%>H$*>,! -.]B0,!=5+D! SD-.TQQD!
_26$+,!^%+&2>!_D ,*E/L#3%.* (4-* 25(3&%.* &4*9/;#* E()#6%&4#Z* ]&36%* >53##* 2#4%,3* 2P* !P*
")$*3$+$@(! <'%=$*>%?@! 5N!12+%N5*'%2! G*$>>,! -..R0!
_2'>5',!E D![D,* >5#* E(3(-/"* /0* %5#* 23/66* &4* %5#* >5/,$5%* /0* +%* E(,)! "C5:*'2+! N5*! ?H$!
K?:&@! 5N! ?H$! 7$8! [$>?26$'?! K:LL+$6$'?! K$*%$>! -BP! KH$NN%$+&(! CK\[! G*$>>,!
-.SB0!
_2*&%'Z,!1H*%>?5LH$*! 2'&! WD! `D! I*$+2'&,* E,4&65;#4%D* 95#%/3&'Z* 9,)#Z* (4-* E3('%&'#*
"#5'&5'(!W5:+$&Z$,! -.S.0!
_2**%++! CD! E+;$*?,! FI'=$M?%=$! 2Z2%'>?!G2:+! "Q! 15*D! -RD-R0,! ?H$! GH@>%5Z'56%$>! 5N! ?H$!
E'M%$'?! K+2=$! )5&@,! 2'&! ?H$! ^*$M5TW562'! WH$?5*%M! 5 N! J2'H55&F,! %'! E&$+2!
92*;*5! 15++%'>! 2'&! J2*Z2*$?! J D! J%?MH$++! "$&>D0,* A4%&B,&%.* (4-* C,;(4&%.D*
!66(.6* /4* A4'%* 9#)&$&/4* (4-* E5&)/6/F5.* E3#6#4%#-* %/* C(46* G&#%#3* H#%I* /4*
C&6* JK%5* H&3%5-(.! "[:;%'Z$'(!J5H*TK%$;$M3,! QRR-0,! -S.TQ-/!
_2**%>,!J:**2@! CD,* >5#* +#'/4-* !F&6%)#* %/* %5#* 2/3&4%5&(46D* A* 2/;;#4%(3.* /4* %5#* :3##Y*
>#"%! "^*2'&!W2L%&>(!`%+ + %26! ) D!X$*&62'>,!QRRA0!
_2*=$@,! ED! XD,* 9#4#=()* %53/,$5* +,00#3&4$D* A* +%,-.* /0* X* 2/3&4%5&(46! "X&%';:*ZH(! [D! a!
[D! 1+2*3,! -..]0!
_2?MH,!X&8%'! 2'&! _$'*@! ED!W$&L2?H!"$&>D0,*A* 2/4'/3-(4'#* %/* %5#* +#F%,($&4%* (4-* %5#*
N%5#3* :3##Y* ^#36&/46* /0* %5#* N)-* >#6%(;#4%! "^*2'&!W2L%&>(!)23$*! EM2&$6%M,!
-..S0!
_28+$@,!W%MH2*&,! F[H$! J2+$!)5&@! 2>! KL$M?2M+$! %'!E??%M!4*262F,! %'!#%'! V5YH2++! 2'&!
C5H'! K2+65'! "$&>D0,* >5&4Y&4$* ?#4D* ?(6',)&4&%.* (4-* U%6* +#)079#F3#6#4%(%&/4* &4*
%5#* 2)(66&'()* >3(-&%&/4! "#5'&5'(!W5:?+$&Z$,! -..S0,! S/T..!
!%($
_$'Z$+,!J D ,*23,'&0&"&/4* &4* %5#* A4'%* T/3)-* (4-* %5#* ]/)).* /0* %5#* ?#66($#* /0* %5#* 23/66*
"GH%+2&$+LH%2!GE(! V5*?*$>>!G*$>>,! -.BB0!
_$'Z$+,!J D ,*>5#* 23/66* /0* %5#* +/4* /0* :/-! "#5'&5'(! K1J! G*$>>,! -.S]0!
_$'Z$+,!J D ,*>5#* E3#7253&6%&(4* E(,)! "#5'&5'(! K1J! G*$>>,! -..-0!
_$'?$',!C2'! `% + +$6! =2',* >5#* ?(''(\#(4* ?(3%.36* (6* +(L&/,36* /0* %5#* @#=&65* E#/F)#D* A*
+%,-.* /0* X* (4-* [*?(''(\##6! "#$%&(! )* % + + ,! -..B0!
_$'?$',!C2'! `%+ +$6! =2'! 2'&! V*%$&*%MH! E=$62*%$,*?(3%.3-/;* (4-* </\)#* -#(%5D* +#)#'%#-*
%#"%6* 03/;* :3(#'/79/;(4Z* @#=&65* (4-* 253&6%&(4* A4%&B,&%.! "#5'&5'(! W5:?+$&Z$,!
QRRQ0!
_5M3,! WD! VD,* >5#* +/'&()* 2/4%#"%* /0* E(,)_6* ?&4&6%3.D* >#4%;(Y&4$* (4-* AF/6%)#65&F*
"GH%+2&$+LH%2(!V5*?*$>>,! -.SR0!
_5&Z>5',! WD,! FG2:+! ?H$! EL5>?+$! 2'&! V%*>?!1$'?:*@![*%;:+2?%5'! #%>?> F ,* `#&%6'53&0%0&&3* -&#*
4#,%#6%(;#4%)&'5#* T&66#46'5(0%* ,4-* -&#* a,4-#* -#3* -)%#3#4* a&3'5#* 1[! "-.S/0,!
A.TSRD!
_5+6;$*Z,!)D ,*E(,)* (4-* E/=#3D* >5#* +%3,'%,3#* /0*A,%5/3&%.* &4* %5#* E3&;&%&L#* 25,3'5* (6*
9#0)#'%#-* &4* %5#* E(,)&4#* !F&6%)#6! "#:'&(! #%;$*+2*56$&$e^+$$*:L,! -.BS0!
_5+6;$*Z,!)D ,*+/'&/)/$.* (4-* %5#* <#=* >#6%(;#4%! "J%''$2L5+%>(!V5*?*$>>,! -..R0!
_5**$++,! 4 D! ^D,* >5#* +/'&()* !%5/6* /0* %5#* 2/3&4%5&(4* 2/33#6F/4-#4'#D* U4%#3#6%6* (4-*
U-#/)/$.* 03/;* 1*2/3&4%5&(46* %/* 1* 2)#;#4%! "X&%';:*ZH(! [D! a! [D!1+2*3,! -..]0!
_5**$++,! 4 D! ^D,* +/'&()7+'%&0&'* AFF3/('5#6* %/*<#=* >#6%(;#4%* U4%#3F3#%(%&/4*
"X&%';:*ZH,! [! a! [! 1+2*3,! -...0!
_5**$++,! 4 D! ^D,* +/)&-(3&%.* (4-* G&00#3#4'#D* A* 2/4%#;F/3(3.* 9#(-&4$* /0* E(,)_6* !%5&'6*
"#5'&5'(![D! a! [D! 1+2*3! I'?$*'2?%5'2+,! QRRA0!
_5*>+$@,!WD! ED ,! FG'$:62?%35>! =>D! G>@MH%35>(!4%>?%'M?%5'>! 5N!KL%*%?:2+! K?2?:>!265'Z! ?H$!
15*%'?H%2'>F,*C(3L(3-* >5#/)/$&'()* 9#L&#=! ].! "-.B]0,! Q].TSS!
_5*>+$@,! WD! ED ,! F`%>&56! 5N!`5*&! 2'&! `5*&>! 5N!`%>&56! %'!15*%'?HF,* 2(%5/)&'* H&\)&'()*
S,(3%#3).! /.! "-.BB0,! QQOT/.!
_5*>+$@,!WD! ED ,! F^'5>%>! %'!15*%'?H(! I!15*%'?H%2'>!SD-T]F,*<#=* >#6%(;#4%* +%,-! QB!
"-.S-0,! /QTAQ!
_5*>+$@,!WD! ED! "$&D0,*E(,)* (4-* !;F&3#D* 9#)&$&/4* (4-* E/=#3* &4* 9/;(4* U;F#3&()* +/'&#%.*
"_2**%>;:*Z(![*%'%?@,! -..B0!
_:;;$++,! _ D!J D ,! F[H$! WH$?5*%M2!5N!GH%+5&$6:>F,* >5#* 2/44#'%&',%* A'(-#;.* /0*A3%6* (4-*
+''#6! Q/! "-.QR0,! QO/T/SQ!
Ig>>$++%'Z,! K26:$+,*95#%/3&'* (4-* E5&)/6/F5.* &4* 2/40)&'%D* A4* C&6%/3&'()* +,3L#.Z! ?*2'>D!
G2:+!4:'LH@! "[H$! _2Z:$(!J2*?%':>!7% gH5NN ,!-.B]0!
C5'$>,!J D ,*+%* E(,)* (6* N3(%/3D* A* 23&%&'()Z* C&6%/3&'()* (4-* !"F)(4(%/3.* 2/;;#4%(3.* /4*
%5#* +F##'5#6* /0* +%* E(,)! "#5'&5'(!_5&&$*! 2'&! K?5:ZH?5',! -.-R0!
C:&Z$,!XD! ED ,* >5#* +/'&()* E(%%#34* /0* 253&6%&(4* :3/,F6* &4* %5#* ]&36%* 2#4%,3.! "#5'&5'(! [H$!
[@'&2+$!G*$>>,! -.]R0!
C:&Z$,!XD! ED ,! F[H$! X2*+@!1H*%>?%2'>! 2>! 2!KMH5+2>?%M!1566:'%?@F,* @/,34()* /0* 9#)&$&/,6*
C&6%/3.! "-.]RT]-0,!OT-A,! -QAT/B!
C:&Z$,!XD! ED ,! FG2:+F>!)52>?%'Z! %'! *$+2?%5'! ?5! 15'?$6L5*2*@!G*5N$>>%5'2+!G*2M?%M$F,!
A,6%3()&(4* H&\)&'()* 9#L&#=b8! "-.]S0,! /BTAR!
C:&Z$,!XD! ED ,! F[H$! K5M%2+! I&$'?%?@! 5N! ?H$! V%*>?!1H*%>?%2'>,!E! d:$>?%5'! 5N!J$?H5&! %'!
W$+%Z%5:>!_%>?5*@F,* @/,34()* /0* 9#)&$&/,6* C&6%/3.! --!"-.SR0,! QR-T-B!
C:&Z$,!XD! ED ,*9(4Y* (4-* +%(%,6* &4* %5#* T/3)-* /0* %5#* 2(#6(36* (4-* +%* E(,)! "1H*%>?MH:*MH,!7 D!
hD(! <'%=$*>%?@! 5N!12'?$*;:*@!G:;+%M2?%5'>,! -.SQ0!
C:&Z$,!XD! ED ,! F[H$! W$2M?%5'! 2Z2%'>?!1+2>>%M2+!X&:M2?%5'! %'! ?H$! 7$8! [$>?26$'?F,* @/,34()*
/0* 253&6%&(4* !-,'(%&/4! BB! "-.S/0,! BT-O!
C:&Z$,!XD! ED ,! F1:+?:*2+! 15'N5*6%?@! 2'&! I''5=2?%5'! %'!G2:+(!K56$!1+:$>! N *56!
15'?$6L5*2*@!45M:6$'?>F,* >.4-()#* H,))#%&4! /A! "-.SO0,! /TQO!
U$''$&@,! ^D! ED,* >5#* A3%* /0* E#36,(6&/4* &4* :3##'#! "G*%'M$?5'(!G*%'M$?5'! <'%=$*>%?@!
G*$>>,! -.]/0!
U$''$&@,! ^D! ED,* >5#* A3%* /0* 95#%/3&'* &4* %5#* 9/;(4* T/3)-! "G*%'M$?5'(! G*%'M$?5'!
<'%=$*>%?@! G*$>>,! -.BQ0!
U$''$&@,! ^D! ED,* 2)(66&'()* 95#%/3&'* (4-* U%6* 253&6%&(4* (4-* +#',)(3* >3(-&%&/4* 03/;*
A4'%* %/*?/-#34* >&;#6! "#5'&5'(!1*556! _$+6,! -.SR0!
U%? ?$+ ,!^$*H2*&! 2'&! ^$*H2*&!V*%$&*%MH! "$&>D0,* >5#/)/$&'()* G&'%&/4(3.* /0* %5#* <#=*
>#6%(;#4%Z! ?*2'>D! ^D`D! )*56%+$@! "-R! =5+>DP! ^*2'&! W2L%&>,! J%MHD(! X$*&62'>,!
-.]OTB]0!
U*2:?,!W%MH2*&,! FK5M*2?$>F,! %'!W5;$*?!E:&%! "$&D0,* >5#* 2(;\3&-$#* G&'%&/4(3.* /0*
E5&)/6/F5.! "126;*%&Z$(!126;*%&Z$!<'%=$*>%?@! G*$>>,! -..A0,! BO.TAR!
U:H',! _$%'cT`5+NZ2'Z,! F4%$! U*$:c$>>?*2N$!82H*$'&! &$*! N*%%H$'!U2%>$*c$%?D! IH*$!
`%*3+%MH3$%?! :'&! `$*?:'Z! %'! &$*! <68$+?! &$>! <*MH*%>?$'?:6>F,! %'! _%+&$Z2*&!
[$6L5*%'%! 2'&! `5+NZ2'Z! _22>$! "$&>D0,*A,06%&#$* ,4-* <&#-#3$(4$* -#3* 3/;&6'5#4*
T#)%D* :#6'5&'5%#* ,4-* a,)%,3* 9/;6* &;* +F&#$#)* -#3* 4#,#3#4* ]/36'5,4$! ")$*+%'(!
`2+?$*! 4$! ^*:@?$*,! -.SQ0,! =5+D!QAD]OSTB./!
U:'3$+,! `D,* A4* U4%3/-,'%&/4* %/* 9/;(4* M#$()* (4-* 2/46%&%,%&/4()* C&6%/3.! "\YN5*&(!
1+2*$'&5'!G*$>>,! -.B/0!
U:*?c,! 45''2!1D! 2'&! C5H'!)52*&62',* :3##Y* H,3&()* 2,6%/;6! "#5'&5'! 2'&! K5:?H26L?5'(!
[H26$>! 2'&! _:&>5',! -.B-0!
!%"$
#26L$,!GD,! F[H$5+5Z%M2+!`%>&56! 2'&! ?H$! i`5*&! 2;5:?! ?H$! 1*5>>i(![H$! WH$?5*%M2+!
KMH$6$!%'! -!15*%'?H%2'>! -TOF,* U4%#3F3#%(%&/4! OOeQ! "-..R0,! --BT/-!
#2*>5',!C$''%N$*,!FG2:+F>!J2>M:+%'%?@F,* @/,34()* /0* H&\)&'()* M&%#3(%,3#! -Q/e-! "QRRO0,!
SAT.B!
#$%ZH,! J2??H$8,! F`5:'&%'Z! 2'&! G5L:+2*!WH$?5*%M! 2?! W56$F,*H,))#%&4* /0* %5#* U46%&%,%#* /0*
2)(66&'()* +%,-! OR! "-..A0,! -.ATQ-A!
#$=%'$,!EDTCD,*A* ]#;&4&6%* 2/;F(4&/4* %/* E(,)! "#5'&5'! 2'&! 7$8! 95*3(! [! a! [! 1+2*3,!
QRRO0!
#%&&$++,!_$'*@!^$5*Z$! 2'&! W5;$*?! KM5??,*A* :3##Y7!4$)&65* M#"&'/4! "Q! =5+>DP! \YN5*&(!
1+2*$'&5',! -..]0!
# %6 ,! [D! _D ,! F75?! %'!G$*>:2>%=$!`5*&>! 5N!`%>&56,! ;:?! %'!4$65'>?*2?%5'! 5N! ?H$! KL%*%?!
2'&! G58$*F,*</L,;* >#6%(;#4%,;! Q.eQ! "-.SB0,! -/BTO.!
#%'&>2@,!ED!4D ,* +/'3(%#6* G&6'/,36#6* \.* E)(%/* (4-c#4/F5/4! "#5'&5'(! CD! J D!4$'?! a!
K5'>,!#?&D,! -.-S0!
# % ? N % ' ,!4D,*+%* E(,)_6* >5#/)/$.* /0* E3/')(;(%&/4D* 1*2/3* 17[* (4-* :3#'/79/;(4* 95#%/3&'*
"126;*%&Z$(!126;*%&Z$!<'%=$*>%?@!G*$>>,! -..O0!
#5'Z,! ED!ED ,*C#))#4&6%&'* E5&)/6/F5.D* +%/&'6Z* !F&',3#(46Z* +'#F%&'6! "#5'&5'(! 4:M385*?H,!
-.S]0!
#5'Z,! ED!ED ,*!F&'%#%,6D* A* +%/&'* (4-* +/'3(%&'* :,&-#* %/* M&0#! "\YN5*&(! 1+2*$'&5'!G*$>>,!
QRRQ0!
#5'Z$'$M3$*,!W%MH2*&!7 D ,*>5#* ?&4&6%3.* (4-* ?#66($#* /0* E(,)! "^*2'&! W2L%&>(!
h5'&$*=2',! -.B-0!
J2M45'2+&,!J2*Z2*$?! 9 D ,! F[H$! KH%N?%'Z!1$'?*$(! I&$5+5Z@! 2'&! ?H$! I'?$*L*$?2?%5'! 5N! -!
15*%'?H%2'>F,! %'! X&82*&! E&26>! 2'&! 42=%&! ^D! _5**$++! "$&>D0,* 253&6%&(4&%.* (%*
2/3&4%5D* >5#* S,#6%* 0/3* %5#* E(,)&4#* 25,3'5! "`$>?6%'>?$*! C5H'! U'5Y! G*$>>(!
#5:%>=%++$,! QRRO0,! QB/T.O!
J2MJ:++$',! W26>$@,*!4#;* /0* %5#* 9/;(4* N3-#3! "126;*%&Z$P!_2*=2*&,! -.]]0!
J2MJ:++$',! W26>$@,*9/;(4* +/'&()* 9#)(%&/46* dK* H2* %/*AG* XV[! "7$8! _2=$'(! 92+$!
<'%=$*>%?@!G*$>>,! -.BO0!
J2+H$*;$,!ED! CD,! F E!GH@>%M2+!4$>M*%L?%5'! 5N!G2:+F,*C(3L(3-* >5#/)/$&'()* 9#L&#=*
"-.S]0,!B.D-BRTBA!
J2+H$*;$,!ED! CD,* E(,)* (4-* E/F,)(3* E5&)/6/F5#36! "J%''$2L5+%>(!V5*?*$>>!G*$>>,! -.S.0!
J2+%'2,! )D! CD,* >5#* <#=* >#6%(;#4%* T/3)-D* U46&$5%6* 03/;* 2,)%,3()* A4%53/F/)/$.*
"#5:%>=%++$(!`$>?6%'>?$*e!C5H'!U'5Y! G*$>>,! -../0!
J2+%'2,! )D! CD! 2'&! C$*56$!_ D!7$@*$@,*E/3%3(&%6* /0* E(,)D* A4* A3'5(#/)/$.* /0* A4'%*
!%%$
E#36/4()&%.! "#5:%>=%++$,! U9 (!`$>?6%'>?$*!C5H'!U'5Y! G*$>>,! -..]0!
J2*M:>,!C5$+,! F1*:M%N %Y%5'! 2>! G2*5&%M!XY2+?2?%5'F,* @/,34()* /0* H&\)&'()* M&%#3(%,3#*
-QA!"QRR]0,! B/TSB!
J2**5:,! _ D ,*A* C&6%/3.* /0* !-,'(%&/4* &4*A4%&B,&%.Z! ?*2'>D!^$5*Z$!#26;! "7$8! 95*3(! KH$$&!
a! `2*&,! -.A]0!
J2**5:,! _ D ,! FX&:M2?%5'! 2'&! WH$?5*%MF,! %'!J D! I D! V%'+$@! "$&D0,* >5#* M#$('.* /0* :3##'#*
"\YN5*&(! 1+2*$'&5'!G*$>>,! -.S-0,! -SATQR-!
J2*>H2++,! GD,* !4;&%.* &4* 2/3&4%5D* +/'&()* 2/4L#4%&/46* &4* E(,)_6* 9#)(%&/46* =&%5* %5#*
2/3&4%5&(46! "[:;%'Z$'(!J5H*TK%$;$M3,! -.SB0!
J2*?%',! 4D!)D ,* +)(L#3.* (6* +()L(%&/4D* >5#* ?#%(F5/3* /0* +)(L#3.* &4* E(,)&4#* 253&6%&(4&%.*
"7$8! _2=$'P!#5'&5'(!92+$!<'%=$*>%?@! G*$>>,! -..R0!
J2*?%',!4D! )D ,* >5#* 2/3&4%5&(4* H/-.! "7$8! _2=$'(!92+$!<'%=$*>%?@! L*$>>,! -..A0!
J2*?%',!4D! )D ,* >5#* +/'&()* T/3)-* /0* %5#* AF/6%)#* E(,)! "7$8! _2=$'(!92+$! <'%=$*>%?@!
G*$>>,! -.S/0!
J2*?@',! CD! #5:%>,* :()(%&(46D* A* <#=* >3(46)(%&/4* =&%5* U4%3/-,'%&/4* (4-* 2/;;#4%(3.*
"7$8! 95*3(! 45:;+$&2@,! -..B0!
J2*?@',! CD! #5:%>,* >5#/)/$&'()* U66,#6* &4* %5#* M#%%#36* /0* E(,)! "X&%';:*ZH(![D! a! [D! 1+2*3,!
-..B0!
JM12'$,!)@*5'! WD,* @#=6Z* 253&6%&(46Z* (4-* H,3&()* &4*9/;(4* E()#6%&4#! "E''! E*;5*(! <J I!
4%>>$*?2?%5'! K$*=%M$>,!QRRA0!
JM12*?H@,!U2?H+$$',* +)(L#6Z* ?(6%#36Z* (4-* %5#* A3%* /0* A,%5/3&%.* &4* E)(,%&4#* 2/;#-.*
"G*%'M$?5'(!G*%'M$?5'!<'%=$*>%?@! G*$>>,!QRRR0!
J2MJ:++$',! W26>$@,*!4#;* /0* %5#* 9/;(4* N3-#3! "126;*%&Z$P!_2*=2*&,! -.]]0!
JM^*2?H,! ED! XD,! F1*5>>,![H$5+5Z@! 5N! ?H$F,! %'!^$*2+&! VD!_28?H5*'$,!W2+LH! GD! J2*?%',! 2'&!
42'%$+! ^D! W$%&! "$&>D0,*G&'%&/4(3.* /0* E(,)* (4-* C&6* M#%%#36! "458'$*>! ^*5=$,! _IDP!
#$%M$>?$*(! I'?$*j2*>%?@!G*$>>,! -../0,! SRATS-Q!
JM32@,! ED!^D,* C/,6#Z* ^&))(6* (4-* E()('#6* &4* %5#* 9/;(4* T/3)-! "#5'&5'(![H26$>! a!
_:&>5',! -.BA0!
J$$3>,!`D! ED ,* >5#* ]&36%* e3\(4* 253&6%&(46D* >5#* +/'&()* T/3)-* /0* %5#* AF/6%)#* E(,)! "7$8!
_2=$'(!92+$!<'%=$*>%?@,! -.S/0!
J$ZZ%??,! CD! CD,* E(,)Z* E/L#3%.* (4-* +,3L&L()! "X&%';:*ZH(! [a[!1+2*3,! -..S0!
J%++2* ,! VD,! F15'&$6'2?%5'! ?5! H2*&! +2;5:*! %'! ?H$! W562'!X6L%*$,! N *56! ?H$! C:+%5T
1+2:&%2'>! ?5!15'>?2'?%'$F,*E(F#36* /0* %5#* H3&%&65* +'5//)* (%* 9/;#! AQ! "-.SO0,!
-QOTOB!
!%)$
J%?MH$++ ,! E D! 1 ,! FW%MH! 2'&! G55*! %'! ?H$! 15:*?>! 5N! 15*%'?HF,* <#=* >#6%(;#4%* +%,-! /.!
"-../0,! A]QTS]!
J%?MH$++ ,! J D ,*E(,)* (4-* %5#* 95#%/3&'* /0* 9#'/4'&)&(%&/4D* A4* #"#$#%&'()* U4L#6%&$(%&/4* /0* %5#*
M(4$,($#* (4-* 2/;F/6&%&/4* /0* 1* 2/3&4%5&(46! "[:;%'Z$'(!J5H*TK%$;$M3,! -..-0!
J%?MH$++ ,! J D ,! FWH$?5*%M2+! KH5*?H2'&! %'!G2:+F>!E*Z:6$'?2?%5'(![H$! V:'M?%5'>!5N! i?H$!
^5>L$+i! %'! ?H$! 15*%'?H%2'! 15**$>L5'&$'M$F,! %'! # D! E''! C$*=%>! 2'&! G$?$*!
W%MH2*&>5'! "$&>D0,* :/6F#)* &4* E(,)D* +%,-* /4* 2/3&4%5&(46Z* :()(%&(46* (4-*
9/;(46* 0/3* 9&'5(3-* <P* M/4$#4#'Y#3! "KH$NN%$+&(! KH$NN%$+&! EM2&$6%M! G*$>>,!
-..O0,!]/TSS!
J5'?>$**2?,!456%'%M,! FXYL$*%$'M%'Z! ?H$! 62+$!;5&@! %'!W562'!XZ@L?F,! %'!# %'! V5YH2++!
2'&! C5H'! K2+65'! "$&>D0,* T5#4* ?#4* T#3#* ?#4D* ?(6',)&4&%.Z* E/=#3Z* (4-* U-#4%&%.*
&4* 2)(66&'()* A4%&B,&%.! "#5'&5'(!W5:?+$&Z$,! -..S0,! -A/T]O!
J55*$,!K?$LH$'!4D! 2'&! C2'%M$!12L$+!E'&$*>5',! F[23%'Z! I?! +%3$! 2!J2' F ,* @/,34()* /0*
H&\)&'()* M&%#3(%,3#! "-..S0,!QO.TB/!
J55*$,! K?$LH$'!4D,! i F R! J2',! `H5! E* ?![H5:DDDki(!J2>M:+%'%?@! K?:&%$>!E'&! 7$8!
[$>?26$'?! K?:&%$>F,! %'! K?$LH$'! 4D! J55*$! 2'&! C2'%M$! 12L$+! E'&$*>5'! "$&>D0,!
<#=* >#6%(;#4%* ?(6',)&4&%! "K5M%$?@! 5N! )%;+%M2+! #%?$*2?:*$! K$6$%2!K?:&%$>! OAP!
E?+2'?2(! K5M%$?@! 5N!)%;+%M2+! #%?$*2?:*$,! QRR/0,! -TQQ!
J5**%>,! # D ,* >5#* 23/66* &4* %5#* <#=* >#6%(;#4%! "XY$?$*(!G2?$*'5>?$*e^*2'&!W2L%&>(! `%+ + %26!
)D!X$*&62'>,! -.]A0!
J5Y'$>,!_2+@5*,! F_5'5*! 2'&! KH26$F,! %'!W%MH2*&! # D!W5H*;2:ZH! "$&D0,* >5#* +/'&()*
+''#* (4-* <#=* >#6%(;#4%* U4%#3F3#%(%&/4! "G$2;5&@(! _$'&*%M3>5'! G:;+%>H$*>,!
-..]0,! -.TO.!
J:'M3,! CD,! F[H$! 1H:*MH!8%?H5:?! V2M?%5'>(!K?:&%$>! %'! -!15*%'?H%2'>! -TOF,! %'*E(,)* (4-* %5#*
+()L(%&/4* /0*?(4Y&4-! "#5'&5'(! K1J! G*$>>,! -.A.0,! -/AT]B!
J:*LH@T\F15''5*,! CD,* +%P* E(,)_6* 2/3&4%5D* >#"%6* (4-* A3'5(#/)/$.! "`%+6%'Z?5',! 4$+(!
^+2c%$*,! -.S/0!
J:*LH@T\F15''5*,! CD,* >5#* >5#/)/$.* /0* %5#* +#'/4-* M#%%#3* %/* %5#* 2/3&4%5&(46*
"126;*%&Z$(!126;*%&Z$!<'%=$*>%?@! G*$>>,! -..-0!
72&$2:,!W2@,! F4$+%=$*@! %'!E'M%$'?![%6$>(!_56$*! ?5! d:%'?%+%2'F ,* S,(3%#3).* @/,34()* /0*
+F##'5! AR! "-.]O0,! A/T]R!
7$@*$@,!C$*56$!_D ,! Fi4$>L%>%'Z! ?H$! KH26$!5N! ?H$! 1*5>>i(!_5'5*! 2'&! KH26$!%'! ?H$!
C5H2''%'$! G2>>%5'! 72**2?%=$F,! %'! 4D! ^D! _5**$++! "$&D0,* +/'&()7+'%&0&'*
AFF3/('5#6* %/* <#=* >#6%(;#4%* U4%#3F3#%(%&/4! "X&%';:*ZH,! [! a! [! 1+2*3,! -...0,!
-A-TB]!
7:??5',! j%=%2',! F^2+$'! 2'&! ?H$! [*2=$++$*F>!V2*$F,! %'! CD!`%+3%'>,! 4 D!_2*=$@,! 2'&! J D! 4!
45;>5'! "$&>D0,*]//-* &4*A4%&B,&%.! "XY$?$*(!XY$?$*!<'%=$*>%?@! G*$>>,! -..A0,!
/A.T].!
!%*$
R3+2'&,! CD,* T/;#4* &4* >5#&3* E)('#D* E(,)* (4-* %5#* 2/3&4%5&(4* G&6'/,36#* /0* :#4-#3* (4-*
+(4'%,(3.* +F('#! "#5'&5'(![! a! [! 1+2*3,! QRRO0!
\+;*%MH?,! [H562>!_D ,! F4$+%=$*@! 2'&! J$65*@F,! %'!K?2'+$@!XD! G5*?$*! "$&D0,*C(4-\//Y* /0*
2)(66&'()* 95#%/3&'* &4* %5#* C#))#4&6%&'* E#3&/-! "//R)D1D! T! ED! 4D! ORR0!
"#$%&$'(!) * % + + ,! -..B0,! -A.T]B!
G2%Z$,![$*$'M$,! FK?5%M%>6,$+,+-.+/012! 2'&! 1566:'%?@! 2?! 15*%'?HF,! %'! CD!`%+3%'>! 2'&!
[$*$'M$! G2%Z$! "$&>D0,* T/365&FZ* >5#/)/$.* (4-* ?&4&6%3.* &4* %5#* !(3).* 25,3'5D*
!66(.6* &4*C/4/,3* /0* 9()F5* EP* ?(3%&4! "KH$NN%$+&! (!CK\[,! -..Q0,! -SRT./!
G$2*>2++,!C:&%?H,* >5#* N"0/3-* !4'.')/F#-&'* !4$)&65* G&'%&/4(3.! "\YN5*&P! 7$8! 95*3(!
\YN5*&! <'%=$*>%?@! G*$>>,! -..A0!
G$2*>5',!)D! ED ,* >5#* E4#,;(%&Y/67E6.'5&Y/6* >#3;&4/)/$.* &4* 1*2/3&4%5&(46D* A* +%,-.* &4*
%5#* >5#/)/$.* /0* %5#* 2/3&4%5&(4* NFF/4#4%6* /0* E(,)* (4-* &%6* 9#)(%&/4* %/*
:4/6%&'&6;! "K5M%$?@! 5N! )%;+%M2+! #%?$*2?:*$!4%>>$*?2?%5'! K$*%$>! -QP!J%>>5:+2,! J[ (!
K5M%$?@!5N!)%;+%M2+! #%?$*2?:*$,! -.B/0,! QBTO/D!
G$*$+62',!1H2%F6,* >5#* <#=* 95#%/3&'* (4-* %5#* C,;(4&%D* !66(.6* /4* 95#%/3&'* (4-* U%6*
AFF)&'(%&/46Z! ?*2'>D! `% + + % 26! U+:;2M3! "45*&*$MH?,! _5++2'&P! )5>?5'(! 4D! W$%&$+!
G:;D! 15D,! -.B.0!
G$*%>?%2'@,!C$2'!^D,* C/4/,3* (4-* +5(;#D* >5#* ^(),#6* /0* ?#-&%#33(4#(4* +/'&#%.*
"1H%M2Z5(!<'%=$*>%?@! 5N!1H%M2Z5!G*$>>,! -.]]0!
G$*3%'>,!C:&%?H,* >5#* +,00#3&4$* +#)0D* E(&4* (4-* <(33(%&L#* 9#F3#6#4%(%&/4* &4* %5#* !(3).*
253&6%&(4* !3(! "#5'&5'(!W5:?+$&Z$,! -..A0!
G%M3$??,!WD,* >5#* 23/66* &4* 2/3&4%5D* >5#* +/'&()* +&$4&0&'(4'#* /0* %5#* G#(%5* /0* @#6,6*
"KH$NN%$+&(! KH$NN%$+&! EM2&$6%M!G*$>>,! -..B0!
G+2'3,! U2*+! ED ,*E(,)* (4-* %5#* U3/4.* /0*A00)&'%&/4! "E?+2'?2(! KMH5+2*>!G*$>>,! -.SB0!
G5;$$,!CD! KD,* E#36#',%&/4* (4-* ?(3%.3-/;* &4* %5#* >5#/)/$.* /0* +%P* E(,)! "KH$NN%$+&(!
KH$NN%$+&! EM2&$6%M!G*$>>,! -.SA0!
G5Z5+5NN,!KD! J D ,*M/$/6* (4-* +/F5&(D* >5#* 95#%/3&'()* +&%,(%&/4* /0* 1* 2/3&4%5&(46! "E?+2'?2(!
KMH5+2*>!G*$>>,! -..Q0!
G5*?$*,!KD! XD! "$&D0,*C(4-\//Y* /0* 2)(66&'()* 95#%/3&'* &4* %5#* C#))#4&6%&'* E#3&/-! "//R)D1D! T
E D4 D! ORR0! "#$%&$'(! ) * % + + ,! -..B0!
W26>2@,!`D! J D ,*+%P* E(,)* %5#* >3(L#))#3* (4-* %5#* 9/;(4* 2&%&I#4! "#5'&5'(!_5&&$*! 2'&!
K?5:ZH?5',! -S.A0!
W$2*&5',!)D! GD,* 2/))#'%#-* A4'%* :3##Y* </L#)6! ")$*3$+$@(!<'%=$*>%?@! 5N! 12+%N5*'%2!
G*$>>,! -.S.0!
W%>?,! CD! J D ,*+%/&'* E5&)/6/F5.! "126;*%&Z$(!126;*%&Z$!<'%=$*>%?@! G*$>>,! -.].0!
W5;%'>5',!\D!VD,* >5#* 23&;&4()* M(=* /0*A4'%* 9/;#! "#5'&5'(!4:M385*?H,! -..A0!
!%3$
W5++$*,!J2??$8,* 2/46%3,'%&4$* A,%/'3('.D* A3&6%/'3(%6* (4-*!;F#3/36* &4* @,)&/72)(,-&(4*
9/;#! "G*%'M$?5'(!G*%'M$?5'!<'%=$*>%?@! G*$>>,!QRR-0!
W:>>$++,!4 D!ED,!^*$$3!4$M+262?%5'! "126;*%&Z$(!126;*%&Z$!<'%=$*>%?@! G*$>>,!-.S/0!
K2%+$*,!WD!GD,! F15*L5*2+!G:'%>H6$'?,!E:?H5*%?@,! \;$&%$'M$F,! %'!)$*@+! W28>5'! "$&D0,!
?(33&($#Z* G&L/3'#Z* (4-* 25&)-3#4* &4*A4'%* 9/;#! "\YN5*&(! 1+2*$'&5',! -..-0,!
-OOT]A!
K2%+$*,!WD!GD,*E#36/4()* E(%3/4($#* ,4-#3* %5#*!(3).* !;F&3#! "126;*%&Z$(!126;*%&Z$!
<'%=$*>%?@! G*$>>,!-.SQ0!
K2'&;2MH,!VD!_ D ,*>5#*+%/&'6! "#5'&5'(!1H2??5!a!`%'&:>,!-.BA0!
K2'&$*>,!XD!GD,*E(,)* (4-*E()#6%&4&(4* @,-(&6;D* A* 2/;F(3&6/4* /0* E(%%#346* /0* 9#)&$&/4*
"#5'&5'(! K1J! G*$>>,!-.BB0!
K2'&$*>,!XD!GD,*E(,)! "\YN5*&(! \YN5*&! <'%=$*>%?@! G*$>>,!-..-0!
K2?+58,!J D! #D ,! FC$8%>H!15'>?*:M?%5'>!5N!723$&'$>>!%'!#2?$!E'?%b:%?@ F ,* @/,34()* /0*
H&\)&'()* M&%#3(%,3#! --]e/!"-..B0,!OQ.TAO!
K2=2Z$,![D!)D,*E/=#3* %53/,$5* T#(Y4#66D* A*C&6%/3&'()* (4-*!"#$#%&'()* !"(;&4(%&/4* /0*
E(,)_6* e4-#36%(4-&4$* /0* %5#* 253&6%&(4* ?&4&6%3.* &4*X* 2/3&4%5&(46! "126;*%&Z$(!
126;*%&Z$!<'%=$*>%?@! G*$>>,!-..]0!
KMH6%?H2+>,!`D,* :4/6%&'&6;* &4*2/3&4%5! "72>H=%++$(! E;%'Z&5',! -.B-0!
KMH5??*5NN,!#:%>$,! Fi75?!J2'@! G58$*N:+i(! ELL*52MH$>!?5!2!K5M%5+5Z@!5N!X2*+@!
1H*%>?%2'%?@F,!%'!4D! D!_5**$++! "$&D0,* +/'&()7+'%&0&'* AFF3/('5#6* %/*<#=*
>#6%(;#4%* U4%#3F3#%(%&/4! "X&%';:*ZH,![!a![!1+2*3,! -...0,! QBATSB!
KMH%%?c,!CD!_ D ,*E(,)* (4-*%5#*A4(%/;.* /0*AF/6%/)&'* A,%5/3&%.! "#5'&5'(!126;*%&Z$!
<'%=$*>%?@! G*$>>,!-.BA0!
KM5;%$,!ED ,! FK+:6>,! >2'%?2?%5',!2'&!65*?2+%?@! %'!?H$!W562'!`5* +& F ,* a)&/! ]S!"-.S]0,!/..!
TO//!
K$&+$@,!42=%&! 7 D ,! FK?5%M%>6F,! %'!W5;$*?!E:&%! "$&D0,*>5#*2(;\3&-$#* G&'%&/4(3.* /0*
E5&)/6/F5.! "126;*%&Z$(!126;*%&Z$!<'%=$*>%?@! G*$>>,! -..A0,!B]ST].!
K$$+$@,!42=%&,* >5#*</\)#* G#(%5D* :3(#'/79/;(4* ?(3%.3/)/$.* (4-*E(,)_6* 2/4'#F%* /0*
+()L(%&/4! "KH$NN%$+&(! CK\[!G*$>>,!-..R0!
KH2*L%$>,!WD!`D,! FK?5%M%>6F,! %'!_5'&$*%MH![$&!"$&D0,*>5#*N"0/3-* 2/;F(4&/4* %/*
E5&)/6/F5.! "\YN5*&(! \YN5*&! <'%=$*>%?@! G*$>>,! -..A0,! SAQTA/!
KH28,!)*$'?!4D,! F)5&@eG58$*eI&$'?%?@(!G2>>%5'>!5N!?H$!J2*?@*>F,* @/,34()* /0* !(3).*
253&6%&(4* +%,-! O! "-..]0,! Q].T/-Q!
K+5?$,!J%MH2$+,! Fj%*?:$>F,! %'!_5'&$*%MH
K5'358>3@,!W5;$*?!GD,! FE'!E>L$M?! 5N!4$+%=$*@! %'!E'M%$'?!WH$?5*%M! [H$5*@F,!
>3(46('%&/46* /0* %5#* A;#3&'(4* E5&)/)/$&'()* A66/'&(%&/4Z! l1! "-.A.0,! QABTBO!
K?26;2:ZH,!C5H',* >5#* A4'%* 9/;(4* 2&%.! ")2+?%65*$(! C5H'>!_5L3%'>! <'%=$*>%?@! G*$>>,!
-.S.0!
K?$Z$62'',!XD!`D! 2'&! `5+NZ2'Z! K?$Z$62'',* >5#* @#6,6* ?/L#;#4%D* A* +/'&()* C&6%/3.* /0*
U%6* ]&36%* 2#4%,3.! "J%''$2L5+%>(!V5*?*$>>,! -...0!
K?$'&2H+,!UD,*E(,)* (;/4$* @#=6* (4-* :#4%&)#6! "GH%+2&$+LH%2(!V5*?*$>>!G*$>>,! -.B]0!
K:6'$@,!CD! # D ,*U-#4%&0.&4$* E(,)_6* /FF/4#4%6D* >5#* S,#6%&/4* /0*?#%5/-* &4* X* 2/3&4%5&(46*
"KH$NN%$+&(! CK\[!G*$>>,! -..R0!
[2@+5*,!1D! 1D! `D,! FK5M*2?$>F,! %'!_5'&$*%MH![$&! "$&D0,* >5#* N"0/3-* 2/;F(4&/4* %/*
E5&)/6/F5.! "\YN5*&(! \YN5*&! <'%=$*>%?@! G*$>>,! -..A0,! S/]T/B!
[H$%>>$',!^D,* >5#* +/'&()* +#%%&4$* /0* E(,)&4#* 253&6%&(4&%.! "GH%+2&$+LH%2(![D! a! [D! 1+2*3,!
-.SQ0!
[H$%>>$',!^D,! FW$=%$8!X>>2@(!C:>?%'! CD! J$ZZ%??,* E(,)Z* E/L#3%.* (4-* +,3L&L()_Z* @/,34()* 0/3*
%5#* +%,-.* /0* %5#* <#=* >#6%(;#4%! SO! "QRR-0,! A-T]O!
[H$%>>$',!^D,! FK5M%2+! M5'N+%M?>!%'! ?H$! 15*%'?H%2'! M566:'%?@(! V:*?H$*!W$62*3>! 5'! CD! CD!
J$ZZ%??,! G2:+,!G5=$*?@! 2'&! >:*=%=2+F,* @/,34()* 0/3* %5#* +%,-.* /0* %5#* <#=* >#6%(;#4%*
QAD/! "QRR/0,! /B-T.-!
[H%>$+?5',!ED! 1 ,* >5#* ]&36%* !F&6%)#* %/* %5#* 2/3&4%5&(46D* A* 2/;;#4%(3.* /4* %5#* :3##Y* >#"%*
"12*+%>+$(!G2?$*'5>?$*!G*$>>,!QRRR0!
[H%>$+?5',!E D! 1 ,! FW$2+%c$&!X>MH2?5+5Z@! 2?! 15*%'?HF,! %'!X&82*&!E&26>! 2'&! 42=%&! ^D!
_5**$++! "$&>D0,* 253&6%&(4&%.* (%* 2/3&4%5D* >5#* S,#6%* 0/3* %5#* E(,)&4#* 25,3'5*
"`$>?6%'>?$*!C5H'! U'5Y! G*$>>(!#5:%>=%++$,! QRRO0,! -RBT-S!
[5@';$$,! CD! J D!1 ,* G#(%5* (4-* H,3&()* &4* %5#* 9/;(4* T/3)-! "#5'&5'! 2'&! K5:?H26L?5'(!
[H26$>! 2'&! _:&>5',! -.B-0!
<>H$*,!K?$LH$',! F\*2?5*@F,! %'!CD!_%ZZ%';5?H26! "$&D0,*:3##Y* (4-* M(%&4* M&%#3(%,3#D* A*
2/;F(3(%&L#* +%,-.! "#5'&5'(!J$?H:$',! -.].0,! /OQTS.!
`2++2M$T_2&*%++,! ED,*C/,6#6* (4-* +/'&#%.* &4* E/;F#&&* (4-* C#3',)(4#,;! "G*%'M$?5'(!
G*%'M$?5'! <'%=$*>%?@! G*$>>,! -..O0!
`2*&,! W%MH2*&,! FG2:+%'$!j5%M$! 2'&! G*$>$'M$!2>! K?*2?$Z%M!1566:'%M2?%5'F,* +/'&#%.* /0*
H&\)&'()* M&%#3(%,3#* +#;&4(3* E(F#36! "-..R0,! QS/T.Q!
`2?>5',!ED ,*9/;(4* +)(L#* M(=! ")2+?%65*$(! C5H'!_5L3%'>!<'%=$*>%?@! G*$>>,! -.SB0!
`2?>5',! 4D! VD,! F[H$! 7$8! [$>?26$'?! 2'&! ^*$M5TW562'!WH$?5*%M(! 2! )%;+%5Z*2LH@F,!
@/,34()* /0* %5#* !L(4$#)&'()* >5#/)/$&'()* +/'&#%.! /-eO! "-.SS0,! O]ATBQ!
`2?>5',!4D!VD,! FG2:+F>!)52>?%'Z! %'! Q!15*%'?H%2'>! -RT-/! 2>! 4$N$'>$!5N!_%>! _5'5:*(! E!
!)&$
K5M%5T*H$?5*%M2+!E'2+@>%>F,! %'!E'&$*>!X*%M3>>5',* #%* ()P! "$&>D0,* 95#%/3&'()*
A3$,;#4%(%&/4* &4* H&\)&'()* >#"%6D* !66(.6* 03/;* %5#* M,4-* XKKK* 2/40#3#4'#*
"_2**%>;:*Z,! GE(! [*%'%?@!G*$>>!I'?$*'2?%5'2+,!QRRQ0,!Q]RTBA!
`$%'2'&@,![D! ^D,* G/#6* :/-* +,00#3f! "X&%';:*ZH(![! a! [! 1+2*3,! QRRR0!
`$+;5*',! # D!# D ,! F\'! ?H$! 4%>M5*&! %'!15*%'?H(! -!15*%'?H%2'>! -TO! 2'&! E'M%$'?! G5+%?%$>F,!
@/,34()* /0*H&\)&'()* M&%#3(%,3#! -R]!"-.SB0,! SAT---!
`$+;5*',! # D!# D ,*E(,)Z* %5#* ]//)* /0* 253&6%D* A* +%,-.* /0* 1*2/3&4%5&(46* 17[* &4* %5#* 2/;&'7
E5&)/6/F5&'* >3(-&%&/4! "#5'&5'(! [! a! [! I'?$*'2?%5'2+,! QRRA0!
`%+M3$'>,! < D ,* _+/F5&(_,! %'!^$*H2*&! U%??$+! 2'&! ^$*H2*&!V*%$&*%MH,! "$&>D0,!?*2'>D!^D! `D!
)*56%+$@,* >5#/)/$&'()* G&'%&/4(3.* /0* %5#* <#=* >#6%(;#4%! "-R! =5+>DP! ^*2'&!
W2L%&>,!J%MHD(!X$*&62'>,! -.]OTB]0,! =5+D!BDA-.TQQ!
`%+M5Y,! J2Y,! Fi<L5'! ?H$! [*$$iT4$:?!Q-(QQTQ/! %'! ?H$! 7$8! [$>?26$'?F,*@/,34()* /0*
H&\)&'()* M&%#3(%,3#! .]! "-.BB0,! SAT..!
`%++%26>,! 1*2%Z!ED,*9/;(4* C/;/6#",()&%.D* U-#/)/$* /0*?(6',)&4&%.* &4* 2)(66&'()*
A4%&B,&%.! "7$8! 95*3(! \YN5*&! <'%=$*>%?@! G*$>>,! -...0!
`%+>5',! WD! JM#D ,! F_58! ^'5>?%M!`$*$! ?H$! 15*%'?H%2'>kF*<#=* >#6%(;#4%* +%,-! -.!
"-.BQTB/0,! ]ATBO!
`%'?$*,! ) D!` ,* E5&)/* (4-* E(,)* (;/4$* %5#* +/F5&6%6! "126;*%&Z$(!126;*%&Z$! <'%=$*>%?@!
G*$>>,! -..B0!
`%'?$*,!) D!`D,* A0%#3* E(,)* M#0%* 2/3&4%5D* >5#* U40),#4'#* /0* +#',)(3* !%5&'6* (4-* +/'&()*
25(4$#! "^*2'&!W2L%&>! J I (! `% + + % 26! )D!X$*&62'>,! QRR-0!
`%*$,! ED! 1D* 2/3&4%5&(4* T/;#4* E3/F5#%6D* A* 9#6'/46%3,'%&/4* %53/,$5* E(,)_6* 95#%/3&'*
"J%''$2L5+%>(!V5*?*$>>,! -..R0!
`%>>$,! CD,* !%5/6* (4-* E(%5/6* 03/;* A3&6%/%)#* %/* 2&'#3/! "E6>?$*&26(!_233$*?,! -.S.0!
`%?H$*%'Z?5',! )D,* 2/40)&'%* (4-* 2/;;,4&%.* &4* 2/3&4%5! "^*2'&!W2L%&>!J I (! `%+ + %26! )D!
X$*&62'>,! -..A0!
`:$++'$*,!` D! _D ,! F_2ZZ2&%M!H56%+@! ^$'*$! %'! -!15*%'?H%2'! -T/F,* @/,34()* /0* H&\)&'()*
M&%#3(%,3#! S.! "-.BR0,! -..TQRO!
`:$++'$*,!` D! _D ,! F[H$! K5M%5+5Z%M2+! I6L+%M2?%5'>! 5N! -!15*%'?H%2'>! -(Q]TQS!
W$M5'>%&$*$&F,! %'!XD! ED!#%=%'Z>?5'$! "$&D0,* +%,-&(* !L(4$#)&'(* U^! ")$*+%'(!
E32&$6%$,! -.B/0,! ]]]TBQ!
92&%',! 9D ,! FG$>H$*!72H:6! "Od! L72H:60!W$M5'>%&$*$&F,* U63(#)* !"F)/3(%&/4* @/,34()! Q-!
"-.B-0,! -T-Q!
92=$?c,!hD,! F[H$! #%=%'Z! 15'&%?%5'>! 5N! ?H$! <*;2'!G+$;>! %'!W$L:;+%M2'!W56$F,! %'! WD!
K$2Z$*! "$&D0,* >5#* 23&6&6* /0* %5#* 9/;(4* 9#F,\)&'! "126;*%&Z$(! `D! _$NN$*!a! K5'>,!
-.].0,! -]QTB.!
!)'$
