!

"#$%
&'(#%)*+
&+,-*'./01203!*)/"'$$#4!
56'70*+!08/*#9+"+0%:*;0.+0<%!*%=05>+08/*#9+$#4!0*#%!%0)%.+$#4!0$/!0./:0)%:'.*+"/:=
?!+08%*;@/)+0"%08/*#9+$#4!

&+,-*'./0A20B/*#9+"/)%:0#!*)-!:%$/:0C0%D*)-!:%$/:
E#@%)%!$#+:0%!*)%0.+08/*#9+$#4!0#!*)-!:%$+0C0.+0%D*)-!:%$+
F!08/*#9+$#4!01G1H0A
I*)/:0$/:*/:0%:$/!"#"/:0"%0.+08/*#9+$#4!0%D*)-!:%$+2
J09%$%:0'!08/*#9+"/)0%D*)-!:%$/0,'%"%0:%)0!%$%:+)#/
K%"'$#%!"/0./:0"+L/:0"%0.+08/*#9+$#4!0%D*)-!:%$+

&+,-*'./0M20N'!$#/!+8#%!*/0+'*4!/8/09%):':0$/!*)/.+"/02
>+0!#L%OP0.+0)+-O0"%0!'%:*)+0/)#%!*+$#4!08/*#9+$#/!+.02
N/)8+!"/0Q#R/:0+'*4!/8/:
F.0"#@-$#.0)%*/0"%0$)%+)0'!0+8(#%!*%0"%0+'*/!/8-+0%!0%.0Q/<+)
S)%:0@+$*/)%:0T'%0"#@#$'.*+!0%.0@/8%!*+)0'!0%!*/)!/0"%0+'*/!/8-+

&+,-*'./0U20B/*#9+"/)%:0#!*)-!:%$/:
>/:0:%#:08/*#9+"/)%:0#!*)-!:%$/:
J'*/!/8-+P0%.08/*#9+"/)0#!*)-!:%$/08;:0#8,/)*+!*%
V/!#%!"/0%!0,);$*#$+0%.08/*#9+"/)0"%0+'*/!/8-+0%!0.+0%8,)%:+
5?:*%"0%:0'!0R%@%0$/!*)/.+"/)0/0T'%0@/8%!*+0.+0+'*/!/8-+=
&+:/:0%D#*/:/:0"%0@/8%!*/0"%0.+0+'*/!/8-+0%!0.+0%8,)%:+
F9+.'+!"/0:'0+,)%!"#O+R%0%!0%.0@/8%!*/0"%0.+0+'*/!/8-+
5W+$%0"%,/)*%:0,/)T'%0T'#%)%0/0,/)T'%0"%(%=2
F.08/*#9+"/)0"%0$/8,%*%!$#+22
>+0!/9%"+"0C0.+08/*#9+$#4!0,/)0+,)%!"%)
F.08/*#9+"/)0"%0)%.+$#4!P0.+0!%$%:#"+"0"%0+8+)0C0:%)0+8+"/
&/8,+)*#%!"/0%.0*#84!0%!0.+:0)%.+$#/!%:
F.08/*#9+"/)0"%0*)+:$%!"%!$#+
B/*#9+"/)%:0#!*)-!:%$/:P0)%:'8#%!"/0./0+,)%!"#"/

&+,-*'./0X20B/*#9+"/)%:0%D*)-!:%$/:
F.08/*#9+"/)0"%.0)%$/!/$#8#%!*/2
&/8,%*#)0,+)+0<+!+)0/0$/8,%*#)0,+)+0"#:@)'*+)
F.08/*#9+"/)0"%0./:0(/!/:0%0#!$%!*#9/:
F.0$+:*#</0$/8/0%.08/*#9+"/)0,)%"#.%$*/0"%0./:0,+")%:

&+,-*'./0Y20J'*/%@#$+$#+0C08%*+:
J'*/%@#$+$#+P0'!+0$)%%!$#+0T'%08/*#9+
Z/0T'#%)/0$/8%)0%.0:+.84!0$)'"/
>+08%R/)0,)/@%:/)+0T'%0*'9%0%!08#09#"+

>+08/*#9+$#4!0+0*)+97:0"%0.+:08%*+:2

&+,-*'./0[20F:*+"/:0%8/$#/!+.%:
F:*+"/:0%8/$#/!+.%:0$/8/08/*#9+"/)%:2
E#9%):#4!P0<%!%)+!"/0%:*+"/:0%8/$#/!+.%:0T'%0Q+<+!0T'%0%.0*#%8,/0,+:%09/.+!"/

&+,-*'./0\20E%:8/*#9+"/)%:
I!$%0@+$*/)%:0T'%0<%!%)+!0#!:+*#:@+$$#4!0:#0%.0*)+(+R/0!/0./:0,)/9%%
F.0R%@%P0%.0@+$*/)08;:0#8,/)*+!*%0%!0.+0:+*#:@+$$#4!0"%0./:0%8,.%+"/:222
V/.#*#T'%)-+P0'!0@+$*/)0T'%0<%!%)+0#!:+*#:@+$$#4!0T'%0"%,%!"%0"%0.+0$'.*')+0"%0.+0%8,)%:+

&+,-*'./0]20J,.#$+!"/0./0+,)%!"#"
J,.#$+!"/0./0+,)%!"#"/0%!0"#9%):/:0$+:/:22222

^#(.#/<)+@-+2
Z/*+:
&)7"#*/:

!"#$%&'()*
+,%-(.&//01,

!"#$ %&'(&$ )&$ *+&%,'(#-$ ./0123$ 23(453$ #$ 24)$ 637#83+#93+&):;<

=&+3$ )&$ &>,4536#'?$ 7#$ *+&%,'(#$ >,&$ 9&8&+@#'$ A#6&+)&$ &)/0123$ %&'&+3$ ,'$ #284&'(&$ *#+#$ >,&$ 24)$ 637#83+#93+&)$ )&
23(45&'$#$)@$24)23):B
!"#$%"&'()*

2(3",4)&,).05/$#&'()6&7)6&7-$")"#-7,.7-)5(8-7)9(%0:"/01,

;')9"75%-().7)<"-"%7
!"#$%&$'("#'"$')&#*%+,'-#'.&+&%#'/,0+&1&'"$&'0+&$'),%23&425$'4,$'*"*'-2*467"/,*8'9&-2#'*&16&'45),'/,':&46&;'7#+,
#/')&#*%+,'4,$*#0"6&'("#'%,-,*'7+&4%24&+&$'<'*#'4,)7+,)#%2#+&$'4,$'/&'-2*427/2$&8'=$'-6&;'"$,'-#'*"*'-2*467"/,*;'>,:&$;
32$,'<'/#'7+#0"$%5?
@A&#*%+,;'&/0B$'-6&'("2#+,'*#+'4,),'"*%#-;'"$'0+&$'#C7#+%,'-#'.&+&%#8'!,$,D4,'12#$'/&'-2*427/2$&;'7#+,'/,'("#'$,
#$%2#$-,'#*'45),':&4#'7&+&'("#'%,-,*'#*%#),*'%&$'),%23&-,*'4,$'#/'.&+&%#8'EF"G':&4#'7&+&'),%23&+$,*H'!"G$%#)#
*"'*#4+#%,8
@!I/)&%#;'/,'&7+#$-#+I*'4,$'#/'%2#)7,'@+#*7,$-25'#/')&#*%+,8
@9,8'J*')"<'2)7,+%&$%#'7&+&')6'*&1#+'("G':&4#'7&+&'),%23&+$,*'@2$*2*%25'#/'-2*467"/,8
@K'%B;'>,:&$;'E#*%I*'),%23&-,H'@7+#0"$%5'#/')&#*%+,8
@L,+'*"7"#*%,;')#'#$4&$%&':&4#+'.&+&%#8
@EK'("G'#*'/,'("#'%#'),%23&H
@M,'-2*N+"%,;'0,D,':&42#$-,')2*'7&%&-&*'<'0,/7#*O')#'-&'"$&'*#$*&425$'-#'*#+'4,)7#%#$%#;'-#'/21#+%&-'<'&-#)I*
)#'-&'7&D'<'&+),$6&;'7#+,P'("2#+,'*&1#+'45),':&4#'"*%#-'7&+&'),%23&+$,*8
J/')&#*%+,'/#',+-#$5'("#'+#0+#*&+&'&'7+&4%24&+'<'/#'-2Q,'("#;'4,$'#/'%2#)7,;'&7+#$-#+6&'*,1+#'/&'),%23&425$8
L&*&+,$'"$'7&+'-#')#*#*'<'#/')&#*%+,'+#"$25'&'%,-,*'*"*'-2*467"/,*'<'/#*'-2Q,?
@R'7&+%2+'-#':,<'3&),*'&'#)7#D&+'"$'4,$4"+*,')#$*"&/'7&+&'-2*%2$0"2+'&/')#Q,+'.&+&%#4&'-#'$"#*%+,'0+"7,8'M&*
7#/#&*'*#+I$'#$'-,*'*#)&$&*8
R'7&+%2+'-#'#*#'),)#$%,;'/,*'-2*467"/,*'*#'3#6&$')I*'),%23&-,*'&B$8'>#'("#-&1&$':&*%&'/&')&-+"0&-&'7+&4%24&$-,;
*#'3236&'"$&'#$#+06&'#$,+)#'#$%+#'/,*'&7+#$-24#*8
>#'&4#+45'>,:&$;'#/'-2*467"/,'("#'/#':&16&'7+#0"$%&-,'7,+'/&'),%23&425$':&4#')#*#*;'<'/#'-2Q,?
@A&#*%+,;' "*%#-' #*' "$' 3#+-&-#+,' 0#$2,' -#' /&' ),%23&425$8' J/' )&#*%+,' *#' /2)2%5' &' )2+&+/,' *2$' ),*%+&+' $2$0"$&
#C7+#*25$'#$'*"'+,*%+,;'4,),'*2'*"*'7&/&1+&*':"12#+&$'&%+&3#*&-,'*"')#$%#'*2$'*#+'#*4"4:&-&*8
M/#05'#/'-6&'-#'/&*'7#/#&*'<'/,*'-2*467"/,*'("#+6&$'0&$&+'&'%,-&'4,*%&8'R/0"$,*':&*%&'-&1&$'0,/7#*'$,'7#+)2%2-,*'#$
/&*' +#0/&*' 4,$' %&/' -#' 0&$&+8' S%+,*;' ("#' 7#+-6&$' *"' 1&%&//&;' *&/6&$' 4,$' +&12&;' ,-2,' <' #$32-2&8' M,*' ("#' ("#-&1&$' #$' /&

4,)7#%#$42&' *#' &/#0+&1&$' 7,+' :&1#+' 0&$&-,;' 7#+,' &:,+&' 7+&4%24&1&$' 4,$' +&12&;' 4,$' )2#-,' &' 7#+-#+8' R/' N2$&/' -#' /&
*#)&$&'-#'4,)7#%#$42&;'>,:&$'*#'4,+,$5'4,),'#/'-2*467"/,'3#$4#-,+8'T#+)2$&-,'#/'#3#$%,;'#/')&#*%+,'/#*'-2Q,'&'*"*
-2*467"/,*'("#'+#0+#*&+&$'&'7+&4%24&+;'("#'/&'*20"2#$%#'4,)7#%#$42&'*#+6&'#$'"$')#*8
J/')&#*%+,'*#'&4#+45'&'>,:&$'<'/#'7+#0"$%5'*2'#*%&1&'),%23&-,;'&'/,'("#'>,:&$'+#*7,$-25?
@E!5),'$,'3,<'&'#*%&+'),%23&-,H'A#'*2#$%,'0+&$-2,*,;':#'3#$42-,'&'%,-,*'<'%#$0,'#/'0&/&+-5$'-#'4&)7#5$8
@L#+,;'E("G'7&*&+I'#/'7+5C2),')#*'("#'%#$0&*'("#'7#/#&+'-#'$"#3,H'@7+#0"$%5'#/')&#*%+,8
@L+&4%24&+G'4,$')I*'N"#+D&'7&+&'*#0"2+'*2#$-,'#/')#Q,+;'-#1,'0&$&+'4"#*%#'/,'("#'4"#*%#'@+#*7,$-25'#/'-2*467"/,8
J/')&#*%+,'*#'/2)2%5'&'#*4"4:&+/,'*2$'),*%+&+'/&')I*')6$2)&'#),425$8
L&*5'#/'%2#)7,'<'/&*'4,)7#%#$42&*'#)7#D&+,$'&'+#&/2D&+*#'%,-,*'/,*')#*#*8'U#*7"G*'-#'0&$&+'#/'7+2)#+'4,$4"+*,;
>,:&$'$,':&16&'3"#/%,'&',1%#$#+'#/'7+2)#+'/"0&+8'R:,+&'#$'/&'#*4"#/&'-#'.&+&%#'*#'3236&'"$'&)12#$%#'%#$*,;'4,)7#%2%23,;
-#' )2#-,' &/' N+&4&*,;' -#' 7,4&' &)2*%&-' <' -#' #$32-2&8' 9&-2#' 4,/&1,+&1&;' )I*' 12#$' 7+&4%24&1&$' *,/,*' 7&+&' ("#' $&-2#
7"-2#+&'3#+'*"*'$"#3&*'%G4$24&*8'J/')&#*%+,'*#'&4#+45'&'>,:&$'<'/#'7+#0"$%5?
@K'&:,+&;'E#*%I*'),%23&-,H
@!/&+,'("#'*6'@-2Q,'>,:&$'4,$'*#0"+2-&-8
@EK'("G'%#'),%23&H'@/#'7+#0"$%5'#/')&#*%+,8
@A#'),%23&'#/'-#*#,'-#'3,/3#+'&'0&$&+'#/'0&/&+-5$'-#/')#Q,+'@)#$42,$5'>,:&$'4,$'"$'%,$,'*,1#+12,8
@EK' ("G' 7&*5' 4,$' %"' ),%23&425$' &$%#+2,+H' R$%#*' %#' ),%23&1&' #/' .&+&%#' 7,+("#' /,' -2*N+"%&1&*;' 0,D&1&*' :&42#$-,
7&%&-&*'<'0,/7#*;'%#'-&1&'"$&'*#$*&425$'-#'*#+'4,)7#%#$%#;'-#'/21#+%&-;'<'&-#)I*'%#'-&1&'7&D'<'&+),$6&'@/#'-2Q,'#/
)&#*%+,8
>,:&$' *#' ("#-5' *2$' :&1/&;' 2$%+20&-,8' 9,' *&16&' ("G' +#*7,$-#+O' *&16&' ("#' :&16&' &/0,' ("#' $,' #$%#$-6&;' 7#+,' $,
4,)7+#$-6&'("G'#+&8'J/')&#*%+,'/,')2+5'4,$'4,)7&*25$;'/,'//#35'&'"$'4,*%&-,'<'/,':2D,'+#4,/#4%&+'/#V&'7&+&'#$4#$-#+
N"#0,8'=$&'3#D'("#'/&'N,0&%&'#*%"3,'7+#$-2-&;'#/')&#*%+,')2+5'&'>,:&$'<'/#'-2Q,?
@M&' ),%23&425$' #*' "$&' #$#+06&' 4,),' #/' N"#0,' -#' #*%&' N,0&%&8' J*' /&' #$#+06&' ("#' -2+20#' $"#*%+&*' 4,$-"4%&*8' !,$
#*%&*'/#V&*'("#':&*'4,/,4&-,;'/&'N,0&%&'7"#-#'&+-#+'%,-&'/&'$,4:#8
M"#0,;'#/')&#*%+,'*&45'"$&'1,%#//&'4,$'&/4,:,/'<'/&'3#+%25'#$'/&'N,0&%&':&42#$-,'4+#4#+'/&*'//&)&*'*"*%&$42&/)#$%#;
&*"*%&$-,' &' >,:&$' @("#' #*%&1&' )"<' 4#+4&' -#/' N"#0,@' <' :&42G$-,/,' *&/%&+' /#Q,*' -#' /&' N,0&%&8' W/' $,' #$%#$-6&' ("G
("#+6&'#$*#V&+/#'#/')&#*%+,;'<'G*%#'*20"25'-242#$-,?
@L&+&'%#$#+')I*'#$#+06&;'7"#-#*'#4:&+/#'&/4,:,/'-#*-#'N"#+&'<'&*6'/&*'//&)&*'3&$'&'4+#4#+;'7#+,'#$'7,4,'%2#)7,
3&$'&'4,$*")2+'/&'/#V&'2$%#+$&8'J$'7,4,'%2#)7,;'7&+&')&$%#$#+'#/'N"#0,'*5/,'7,-+I*':&4#+/,'("#)&$-,'&/4,:,/;'7,+("#
#/'4,)1"*%21/#'-#'/&'/#V&'*#':&1+I':#4:,'4#$2D&*8
>,:&$')2+&1&'&/')&#*%+,'4,$'"$&'#C7+#*25$'-#'-"-&'<'*#0"6&'*2$'#$%#$-#+8'J/')&#*%+,'*20"25?
@J*,'N"#'/,'("#'%#'7&*5'>,:&$8'R/'4,)2#$D,'%"'#$#+06&'7&+&':&4#+'.&+&%#'&+-6&'4,$'%"'7+,72&'/#V&8'U2*N+"%&1&*'/&
&4%232-&-;'%#'*#$%6&*':I12/;'*#$%6&*'("#'#C7+#*&1&*'%"'/21#+%&-'&/':&4#+'"$&'-2*427/2$&'("#'%B'#/#06&*8'M"#0,'32$#'<,'<'/#
7"*#'&/4,:,/'&'%"'N,0&%&'-#*-#'&N"#+&?'#/'4,$4"+*,;'#/'0&$&+'#/'0&/&+-5$8'>2$'-"-&'%"*'//&)&*'&+-2#+,$')I*'N"#+%#*'<'%#
),%23&*%#' )"4:,' 7,+' #$%+#$&+' <' &7+#$-#+' $"#3&*' %G4$24&*' 7&+&' 0&$&+8' L#+,' 7,4,' &' 7,4,' #*%&*' //&)&*' N"#+,$
4,$*")2#$-,'%"'/#V&'2$%#+2,+;':&42#$-,'4#$2D&*'%"*'),%23&42,$#*'2$242&/#*8'R:,+&'%"*'//&)&*'-#'),%23&425$'*5/,'#C2*%#$
7,+("#'<,'#4:,'&/4,:,/'%,-,*'/,*')#*#*'&'%"'N,0&%&'4,$'/&'4,)7#%#$42&8'R$%#*'#+&*'/21+#;'%B'-#42-6&*'4"I$%,'7+&4%24&+'<
0,D&1&*'#/'-#7,+%#O'&:,+&'#*%I*'%,%&/)#$%#'4,$%+,/&-,'7,+')6;'7,+'/&'4,)7#%#$42&;'<':&*'7#+-2-,'/&'),%23&425$'("#'%#
-&1&'/&'&4%232-&-'#$'*6')2*)&8'T+&*'"$&'7&"*&;'#/')&#*%+,'4,$%2$"5?'>,:&$;':&4#')#*#*')#'7+#0"$%&*%#'("G':&46&'<,
7&+&'),%23&+/,*'%&$%,8'M,'("#'$,'%#'-&1&*'4"#$%&'#*'("#'#+&*'%B'("2#$'+#&/)#$%#'*#'),%23&1&'&'*6')2*),':&42#$-,'"$
-#7,+%#'#$'#/'("#'#+&*'1"#$,;'("#'&)&1&*'<'("#'7+,1&1/#)#$%#'&:,+&'%#'0"*%&')#$,*','("2DI*':&*%&'%#'-#Q5'-#'0"*%&+8
L#+,'$,'%#'7+#,4"7#*;'#/'4,$4"+*,'#+&'*5/,'"$&'/#4425$'("#'("#+6&'-&+/#*'&'%,-,*;'<&'*#'&4&1&+,$'/&*'4,)7#%#$42&*;'<
%B;'4,$'/&*'4,$-242,$#*'&-#4"&-&*;'%,-&36&'7"#-#*'+#4"7#+&+'/&'7&*25$'7,+'#/'.&+&%#8

J/')&#*%+,'-#'.&+&%#'#$'#*%&':2*%,+2&'+#&/)#$%#'#+&'"$'#C7#+%,'#$'),%23&425$8'>&16&'45),'0#$#+&+
"$' #$%,+$,' 7&+&' ("#' *"*' 7+,72,*' &/")$,*' *#' ),%23&+&$' &' *6' )2*),*8' !,)7+#$-6&' /,*' 4,*%,*' -#
7+,),3#+'"$&'),%23&425$'#C%+6$*#4&'@4,),'#/'4,$4"+*,@'<'#$%#$-6&')"<'12#$'45),'#*%#'%27,'-#
),%23&425$' &N#4%&1&' /&' ),%23&425$' 2$%+6$*#4&' -#' *"*' &/")$,*8' 9,' *#' 7+#,4"7#' *2' $,' #$%2#$-#' 12#$
#*%,*'4,$4#7%,*;'/,*'2+#),*'4,)#$%&$-,'-#%&//&-&)#$%#'#$'#/'/21+,8
M&'),%23&425$'#*'"$'%#)&'&7&*2,$&$%#'<')"<'#*%"-2&-,'42#$%6N24&)#$%#8'J$'#*%#'/21+,'%+&%&+#),*'/&*
)I*'2)7,+%&$%#*'%#,+6&*'-#'/&'),%23&425$'<;'7+2$427&/)#$%#;'#C7/24&+#),*'45),'7,$#+/&*'#$'7+I4%24&
7&+&'4&)12&+'$"#*%+&*'32-&*8'X#),*'//&)&-,'&/'/21+,'C3(45#641'$DEF='7,+("#':#),*'2$3#*%20&-,'#/
%#)&' &' N,$-,' #' 2$4/"2-,' -2*%2$%&*' %#,+6&*' -#' ),%23&425$' 4,)7/#)#$%&+2&*;' 4,$' #*%+&%#02&*' 4,$4+#%&*
&4#+4&'-#'45),'7,$#+/&*'#$'7+I4%24&;'4"1+2#$-,'&*6'/&*'-23#+*&*'7#+*7#4%23&*'#$'YZ['0+&-,*8'!,),
/,*'/21+,*'&$%#+2,+#*;'G*%&'#*'"$&',1+&'4,$'N"#+%#'*"*%#$%,'42#$%6N24,;'7#+,'#*4+2%,'-#'N,+)&'*2)7/#;'4,$
:"),+;'4&+24&%"+&*'#':2*%,+2&*'("#'),%23&$'<'N&42/2%&$'/&'4,)7+#$*25$8
EL,+' ("G' #/' 0/,1,' #$' /&' 7,+%&-&H' L"#*' +#7+#*#$%&' 7&+&' $,*,%+,*' &/' *#+' :")&$,;' <' #/' &2+#' ("#
4,$%2#$#' &-#$%+,' *#+6&' /&' ),%23&425$8' J/' /21+,' *"02#+#' "$&' *#+2#' -#' #*%+&%#02&*' <' %#,+6&*' &4#+4&' -#
45),'/,0+&+'("#'#/'0/,1,'#*%G'//#$,'-#'&2+#'-#'),%23&425$8'L#+,'%&)12G$'*"02#+#;'#$'#/'4&76%"/,'-#
-#*),%23&-,+#*;'45),'7&+4:&+'#/'0/,1,'4"&$-,'%2#$#'&/0B$':,<,'7&+&'("#'#/'&2+#'$,'*#'#*4&7#8'J*%&
&$&/,06&'/&'"*&+#),*'&/'N2$&/'-#/'/21+,'7&+&'+#*")2+'%,-,'/,'&7+#$-2-,8
W*%#' #*' "$' /21+,' -2+202-,' &' 3&+2,*' 7B1/24,*' <' &*6' %&)12G$' G*%#' #*' ,%+,' ),%23,' 7&+&' %2%"/&+/,
C3(45#641'$DEF=8' J$' 7+2)#+' /"0&+;' #*%I' -2+202-,' &' &("#//&*' 7#+*,$&*' ("#' %+&1&Q&$' #$' #)7+#*&*?' &
Q#N#*' ("#' ("2#+#$' 0#$#+&+' "$' &)12#$%#' -,$-#' #C2*%&' )&<,+' ),%23&425$;' <' &' #)7/#&-,*' ("#' ("2#+#$
-#*4"1+2+'("G'/#*'N&/%&'7&+&'%#$#+'"$&')&<,+'),%23&425$'#$'*"'%+&1&Q,8'J$'*#0"$-,'/"0&+'@7#+,'$,
)#$,*' 2)7,+%&$%#@' #/' /21+,' #*%I' -2+202-,' &' %,-&*' &("#//&*' 7#+*,$&*' ("#' 1"*("#$' *&1#+' )I*' *,1+#
),%23&425$'%&$%,'&'$23#/'7#+*,$&/'4,),'N&)2/2&+8'L,+'#Q#)7/,;'#*%I',+2#$%&-,'&'7&-+#*'-#'N&)2/2&'("#
-#*#&$' &<"-&+' &' *"*' :2Q,*' &' ("#' *#' ),%23#$' )I*' &' *6' )2*),*;' 7&-+#*' ("#' ("2#+#$' &7+#$-#+' 45),
&<"-&+' &' ("#' *"*' :2Q,*' 4+#D4&$' *2#$-,' 7#+*,$&*' &"%5$,)&*;' "$&' 4&+&4%#+6*%24&' ("#' 4,$*2-#+&),*
2$-2*7#$*&1/#' 7&+&' /&' 32-&8' T&)12G$' 7"#-#' *#+' "*&-,' 7,+' 7+,N#*,+#*;' #$%+#$&-,+#*;' 63#6A&)'<' 7,+
4"&/("2#+'7#+*,$&'("#'("2#+&'4+#&+'"$'&)12#$%#'N&3,+&1/#'7&+&'("#'/&*'7#+*,$&*'*#'),%23#$8'L#+,'$,
*5/,'*2+3#'7&+&'("#'/&*'7#+*,$&*'4+##$'4,$%#C%,*'("#'#*%2)"/#$'&',%+,*;'*2$,'("#'%&)12G$'#*%I'-2+202-,
&' 7#+*,$&*' ("#' ("2#+#$' ),%23&+*#' &' *6' )2*)&*' 7&+&' &/4&$D&+' *"*' *"#V,*8' M&*' %#,+6&*' &("6
)#$42,$&-&*'*#'&7/24&$'%&$%,'#$'/&'32-&'4,),'#$'/&'#)7+#*&8
>2'12#$'#/'/21+,'%2#$#'"$&'*#+2#'-#'#Q#+4242,*'("#'+#("2#+#$'+#N/#C25$'<'&7/24&425$'7+I4%24&;'&/'N2$&/
-#7#$-#+I'-#'"*%#-'&7/24&+'/,'&7+#$-2-,8'\#4"#+-#'("#'"$,'*5/,'&7+#$-#'#/']['7,+'42#$%,'-#'/,'("#
/##8'L#+,'*2'"$,'&7/24&'/,'("#'/##;'7"#-#'&7+#$-#+':&*%&'^['7,+'42#$%,'-#/'4,$%#$2-,]8'M,'2$32%&),*'&

("#'G*%#'$,'*#&'"$'/21+,')I*'#$'*"'4,/#4425$;'*2$,'("#'&7/2("#'*"*'#$*#V&$D&*'-#'N,+)&'2$)#-2&%&
7&+&'("#'#/'4,$,42)2#$%,'*#&'+#&/)#$%#'*"<,8
J$' )2*' 4,$*"/%,+6&*' &' -23#+*&*' ,+0&$2D&42,$#*;' %+&1&Q,' 4,$' "$' 0+"7,' -#' 7+,N#*2,$&/#*' ("#' )#
&<"-&$' &' -#*&++,//&+' #*%&*' %G4$24&*8' L#+,' G*%#' #*' #/' 7+2)#+' /21+,' ("#' #*4+21,' #$' 4,$Q"$%,' 4,$' "$&
&*,42&-&;' M#$$2&' A&%,*8' J//&' #*' "$' 0+&$' &7,+%#' 7,+("#' #*' -,4%,+&' #$' 7*24,/,06&' -#-24&-&' &' /&
2$3#*%20&425$' <' #$*#V&$D&' -#' /&*' %#,+6&*' -#' /&' ),%23&425$8' L#+,' &-#)I*;' 7,+("#' #*' "$&' 7#+*,$&
-23#+%2-&;'4,$')"4:,'*#$%2-,'-#/':"),+;'("#')#'4,)7/#)#$%&'%,%&/)#$%#8
J/'/21+,'#)72#D&'4,$'"$&'2$%+,-"4425$'&/'4,$4#7%,'-#'),%23&425$;')"#*%+&'2$-24&-,+#*'4,$4+#%,*
-#'7,+'("G'#*'4,$3#$2#$%#'#*%&+'),%23&-,'%&$%,'#$'/&'#)7+#*&'4,),'#$'/&'32-&8'M"#0,;'*20"#'4,$'/&
-2N#+#$42&' #$%+#' /&' ),%23&425$' 2$%+6$*#4&' <' #C%+6$*#4&' ("#' )#$42,$&),*' #$' /&' :2*%,+2&' -#' >,:&$8
L,*%#+2,+)#$%#;' 4,$%2$B&' 4,$' /,' ("#' *20$2N24&' #/' N"$42,$&)2#$%,' 4,$%+,/&-,' 3#+*"*' #/' &"%5$,),;
4&76%"/,' 32%&/' 7&+&' 7&-+#*;' Q#N#*;' 7+,N#*,+#*' <' 63#6A&);' 7"#*' /#*' #$*#V&' &' 4+#&+' &)12#$%#*' ("#
N,)#$%#$' "$' )#Q,+' N"$42,$&)2#$%,8' AI*' &-#/&$%#;' *#' 7+,N"$-2D&' *,1+#' /,*' *#2*' ),%23&-,+#*
2$%+6$*#4,*;'&("#//,*'("#'*#'0#$#+&$'-"+&$%#'/&'&4%232-&-')2*)&8
\#*7#4%,'&'/,*'),%23&-,+#*'#C%+6$*#4,*;'%&/#*'4,),'/,*'7+#)2,*'<'+#4,$,42)2#$%,*;'("#'*2$'-"-&
*,$' /,*' )I*' "*&-,*' 7,+' /&*' #)7+#*&*' <' 7&-+#*;' #*' 2)7,+%&$%#' 4,$*2-#+&+' *"*' #N#4%,*' &-3#+*,*8
L,*%#+2,+)#$%#;'#/'/21+,'%,4&'"$'%#)&')"<'2)7,+%&$%#'("#'$,'%2#$#'("#'3#+'4,$'/&'),%23&425$;'7#+,'*6
4,$'/&'-#*),%23&425$8'JC2*%#$'#/#)#$%,*','N&4%,+#*'("#'/&'-#*#$4&-#$&$O'7,+'#Q#)7/,;'/&'2$Q"*%242&8
L#+,'4"&$-,':&<'"$'&)12#$%#'-#'Q"*%242&;'/&'0#$%#'$,'$#4#*&+2&)#$%#'*#'),%23&8'R'#*%,*'#/#)#$%,*'/,*
:#),*'//&)&-,'-#*),%23&-,+#*;'<'7,+'*"7"#*%,'/,*'4,)#$%&+#),*8'T&)12G$'7+#*#$%&),*',%+&*'%#,+6&*
-#' /&' ),%23&425$;' 4,),' *,$' /&*' 4+##$42&*' -#' &"%,#N24&42&;' /&*' )#%&*' <' /,*' #*%&-,*' #),42,$&/#*8
_2$&/)#$%#;'#/'/21+,'%#+)2$&'4,$'"$'+#*")#$'0+IN24,'-#/'4,$%#$2-,'<'4,$'"$&'*#+2#'-#'4&*,*;')"4:,*
-#'#//,*'+#&/#*;'7&+&'("#'/,*'/#4%,+#*'&7/2("#$'%,-,'/,'&7+#$-2-,8
=*%#-' 7"#-#' /##+' #*%#' /21+,' -#' N,+)&' 4,$%2$"&' *2' -#*#&' %#$#+' "$' 1&++2-,' -#' YZ[' 0+&-,*' -#' /&*
#*%+&%#02&*' -#' ),%23&425$' <' -#' 45),' &7/24&+/&*8' >2$' #)1&+0,;' %&)12G$' /,' 7"#-#' /##+' `*&/%&$-,a
4&76%"/,*'<'4,$4#$%+I$-,*#'#$'&("#//,*'("#')I*'/#'2$%#+#*#$8'>2'12#$'#/'/21+,'%2#$#'"$&'*#4"#$42&;'/,*
4&76%"/,*'<'&+%64"/,*'7"#-#$'*#+'/#6-,*'-#')&$#+&'2$-#7#$-2#$%#'-#'&4"#+-,'&/'%#)&'#$'#/'("#'"*%##*%G'#*7#42&/)#$%#'2$%#+#*&-,8
X&*%&' &("6' :#),*' )#$42,$&-,' ("G' %#)&*' 2$N/"<#$' #$' /&' ),%23&425$;' 7#+,' &B$' $,' -#N2$2),*' #/
%G+)2$,8'M&'),%23&425$'*#'+#N2#+#'&'&("#//,'("#'-&'#$#+06&'<'-2+#4425$'&'$"#*%+,*'4,)7,+%&)2#$%,*b8
9,+)&/)#$%#;' 4"&$-,' :&1/&),*' -#' ),%23&425$' /,' :&4#),*' 7&+&' +#N#+2+$,*' &' `#$#+06&' 7,*2%23&a8
L,+'#Q#)7/,;'4"&$-,'-#42),*'`#*&'7#+*,$&'#*%I'),%23&-&a;'-&),*'&'#$%#$-#+'("#'#*%I'4,$%#$%&;'("#
/&' )"#3#' "$&' #$#+06&' 7,*2%23&8' L#+,' /&' -#N2$2425$' ("#' *#' -#*&++,//&' #$' #*%#' /21+,' 2)7/24&' ("#' /&

),%23&425$' 7"#-#' +#*7,$-#+' &' &*7#4%,*' %&$%,' 7,*2%23,*' 4,),' $#0&%23,*8' L,+' #Q#)7/,;' )2+#),*' /&
*20"2#$%#'4&+24&%"+&8

+'&5%-"/01,)*

ER/0"2#$' -"-&' ("#' #/' 4&3#+$64,/&' #$' /&' 4&+24&%"+&' #*%G' ),%23&-,' 7&+&' 4,++#+H' >6' /,' #*%I;' 7#+,
2)7"/*&-,'7,+'#/')2#-,O'*2#$%#'"$&'#$#+06&'$#0&%23&'("#'/,'&<"-&'&'2$%#$%&+'*&/3&+*#'-#'/&'1#*%2&8'U#
/&')2*)&'N,+)&'("#'$,*'),%23&),*'7,+'#/')2#-,;'%&)12G$'$,*'),%23&),*'7,+'/&'4"/7&','7,+'/&'+&12&;
#$%+#',%+&*'#),42,$#*'-#*&0+&-&1/#*8
J$'#/'/21+,'3&),*'&'4,$*2-#+&+'/&'),%23&425$'4,),'/&'#$#+06&'("#'-2+20#'#/'4,)7,+%&)2#$%,;'<&
*#&' &0+&-&1/#' ,' -#*&0+&-&1/#8' X&1/&$-,' #$' %G+)2$,*' ),%23&42,$&/#*;' &' &7+,C2)&+$,*' &' )#%&*' <
+#*"/%&-,*'-#*#&-,*','&'&/#Q&+$,*'-#'*2%"&42,$#*'("#'("#+#),*'#32%&+Y8

;')#-09().75/(,(/0.(
X&4#'7,4,'#*%&1&'#$'4&*&'4"&$-,'+#4216'/&'//&)&-&'-#'"$&'7#+*,$&'-#*4,$,42-&'("#')#'#)7#D5'&':&1/&+'#$'2$0/G*8
A#'4,$%5'("#'#*%&1&'#$'M2)&'<'("#'#+&')2'7+2),'7,+'#/'/&-,'c&/2$4&"*.<;'#/'&7#//2-,'-#')2')&-+#8'A#'//&)5')"4:,'/&
&%#$425$'<'&4,+-&),*'3#+$,*'#$'*"':,%#/8'!"&$-,'N"2'&'1"*4&+/,;')#'#$4,$%+G'4,$'"$':,)1+#'-#'];^Y')#%+,*'-#'&/%"+&;
-#' "$,*' 4"&+#$%&' &V,*;' ("#' *#' $,%&1&' ("#' :&16&' #*%&-,' -#*&++,//&$-,' *"*' )B*4"/,*' #$' #/' 02)$&*2,8' A#' -2Q,' ("#' *#
//&)&1&' >&4:&' \,2D' <' ("#' #+&' &4%,+' -#' X,//<d,,-8' M&' 3#+-&-' #*' ("#' $,' +#4,+-&1&' :&1#+/,' 32*%,' #$' "$&' 7#/64"/&' #$
7&+%24"/&+;' 7#+,' #/' :#4:,' -#' *&1#+' ("#' %#$6&' "$' 7+2),' &4%,+' -#' X,//<d,,-' )#' 7&+#46&' )"<' 7#4"/2&+8' J)7#D&),*' &
4,$%&+$,*'$"#*%+&*'32-&*;'<'+#*"/%5'("#')2'7+2),'#+&'"$&'7#+*,$&'1&*%&$%#'7+,N"$-&;'2$%#/20#$%#'<'+#N/#C23&8
A#'4,$%5'("#'*2'12#$'&-,+&1&'&'*"'7&-+#;'G/':&16&'*2-,'"$&'7#+*,$&')"<'4,$%+,/&-,+&'<'("#'/#':2D,'/&'0"#++&'4"&$-,
("2*,'#*%"-2&+'%#&%+,;'<&'("#'7+#N#+6&'("#'#*%"-2&*#'"$&'4&++#+&')I*'%+&-242,$&/8'M#'4,*%5')"4:,'*#0"2+'*"*'*"#V,*;'<

N2$&/)#$%#'*#'N"#'&'M,$-+#*'&'#*%"-2&+'&4%"&425$'7#*#'&'/&*'4,$*%&$%#*'4+6%24&*'-#'*"'7&-+#8'R')2'7+2),'$,'/#'2)7,+%&1&
*2'%#$6&'("#'%+&1&Q&+'/&3&$-,'7/&%,*;'G/'#*%&1&'),%23&-,'&'7#+*#0"2+'*"'7&*25$8
!"&$-,'%#+)2$5'/&'#*4"#/&;'32&Q5'&'X,//<d,,-'<'#)7#D5'&'4,$*#0"2+'7#("#V,*'%+&1&Q,*8'J*')"<'-2N642/'*#+'#C2%,*,'#$
#*&' 2$-"*%+2&8' T"3,' ("#' 7&*&+' ),)#$%,*' -"+,*' #$' /,*' ("#' $,' %#$6&' %+&1&Q,' $2' -2$#+,8' L#+,;' 4,$' )"4:,' #*N"#+D,;' N"#
:&42G$-,*#'4,$,42-,'<'%,)&$-,'7&7#/#*')I*'2)7,+%&$%#*8'R4%"5'#$'"$&'*#+2#')"<'7,7"/&+'#$'J*%&-,*'=$2-,*'%2%"/&-&
`!&7+24&a'<'/"#0,'4,$*20"25'"$'+,/'7+,%&05$24,'#$'/&'*#+2#'`e+2))a;'("#'&4%"&/)#$%#'*#'*20"#'7+,-"42#$-,8
A2' 7+2),' )#' 4,$%5' ("#' &' G/' /,' ),%23&1&' &4%"&+;' ("#' #*&' #+&' *"' 7&*25$;' <' ("#' &:,+&' %2#$#' /&' 1#$-2425$' -#' 7,-#+
%+&1&Q&+' <' 0&$&+' -2$#+,' #$' /,' ("#' /#' &7&*2,$&' #$' /&' 32-&8' L#+,' &-#)I*' )#' -2Q,' ("#' %&)12G$' /,' ),%23&1&' &<"-&+' &
-23#+*&*'4&"*&*'<'("#'G/'"*&1&'*"'2)&0#$'7B1/24&'7&+&'#*,;'("#'*#$%6&'("#':&46&'/&'-2N#+#$42&'<'-#Q&1&'"$'/#0&-,8
J*%"32),*'-,*'-6&*'Q"$%,*'<'$,'*5/,'0&$G'"$'$"#3,'7+2),;'*2$,'"$'$"#3,'&)20,'("#;'"$&'3#D')I*;')#'-#),*%+5'/&
2)7,+%&$42&'-#'*#0"2+'%"'7&*25$'&"$("#'#/')"$-,'#*%G'#$'%"'4,$%+&8

M&'),%23&425$'-#')2'7+2),'#*%&1&'+#/&42,$&-&'4,$'%#$#+'/&'7,*212/2-&-'-#'#Q#+4#+'*"'&"%,$,)6&'<
-#42-2+'*"'7+,72,'-#*%2$,;'&"$("#'*"'7&-+#'2$%#$%&+&'2)7#-2+/,8'R-#)I*;':&16&'#$4,$%+&-,'*"'%&/#$%,
<'*#'*#$%6&'4,)7#%#$%#'4"&$-,'&4%"&1&8'!,),')#'-2Q,'G/')2*),?'`R')6')#'7&0&$;'7#+,'<,'$,'%#$0,'"$
%+&1&Q,O')#'7&0&$'7,+'-23#+%2+)#a8
>2'/,'+#/&42,$&),*'4,$'/&':2*%,+2&'-#'>,:&$;'/&'),%23&425$'-#')2'7+2),'#*%&1&'#$'*"'7+,72&'/#V&'<
$,'#$'#/'&/4,:,/'&-242,$&-,;'("#'#$'#*%#'4&*,'*#+6&$'#/'-2$#+,'<'/&'N&)&8

>?&@)%",)9(%0:".")75%A)'")B7,%7C)>D")9(%0:"/01,)%07,7
-7'"/01,)/(,)'(5)-75&'%".(5C

!"#$23(45#641'$&)$6323$&7$'45&7$9&$(&2*&+#(,+#$9&7$ #4+&$ 9&$ ,'

%7383$#&+3)(G(463<$H7%,'3)$.23(45#93);$(4&'&'$&7$ #4+&$ 6#74&'(&$ I
5,&7#'$ *3+$ 73)$ A3+4J3'(&)<$ K(+3)?$ 63'$ &7$ #4+&$ L+@3?$ &)(G'
*#+#74J#93)$&'$&7$*4)3$&)*&+#'93$>,&$#7%,4&'$73)$#++#)(+&B8
'$+*"&,*-)./$0

R$%#*'-#'*#0"2+'/#<#$-,;':&0&'"$&'7&"*&'<'+#*7,$-&'/&'*20"2#$%#'7+#0"$%&?'-#'/&'%,%&/2-&-'-#'/,*
#)7/#&-,*'#$'M&%2$,&)G+24&;'E("G'7,+4#$%&Q#'4+##'("#'*#'#$4"#$%+&'),%23&-,H
>#0B$'"$'#*%"-2,'+#&/2D&-,'#$'42#$%,'4"&+#$%&'<'*2#%#'7&6*#*'7,+'/&'#)7+#*&'e&//"7;'#$'-2N#+#$%#*
4&%#0,+6&*' /&1,+&/#*;' 4,)7+,1&+,$' ("#' *5/,' #/' ]Y' 7,+' 42#$%,' -#' /&*' 7#+*,$&*' ("#' %+&1&Q&$' #*%I
),%23&-,;' #/' ZY' 7,+' 42#$%,' #*%I' -#*),%23&-,' <' #/' bf' 7,+' 42#$%,' +#*%&$%#' #*%I' &4%23&)#$%#
-#*),%23&-,8'J//,'*#')"#*%+&'#$'/&'*20"2#$%#'2/"*%+&425$f8

+'&5%-"/01,)E

F"2DI*' *#' #*%G' 7+#0"$%&$-,' ("G' *20$2N24&' #/' %G+)2$,' `&4%23&)#$%#' -#*),%23&-,a8' >,$' &("#//&*
7#+*,$&*'("#'$,'*5/,'#*%I$'-#*),%23&-&*;'*2$,'("#'&-#)I*'#*7&+4#$'*"'-#*4,$%#$%,'<'$#0&%232-&-'7,+
%,-&'/&'#)7+#*&;'#32%&$-,'("#',%+,*'*#'),%23#$8'J/'#*%"-2,'#*'*,+7+#$-#$%#'7,+("#')"#*%+&'("#'#/'gh
7,+'42#$%,'-#'/&*'7#+*,$&*'323#'-#*),%23&-,'#$'*"'%+&1&Q,;'*2#$-,'G*%&'"$&'*2%"&425$'("#'7+#,4"7&8

+'&5%-"/01,)F
G(%0:".(

+'&5%-"/01,)H
I759(%0:".(

+'&5%-"/01,)J
K/%0:"97,%7).759(%0:".(

M&' N&/%&' -#' ),%23&425$' #*' "$' 0+&$' 7+,1/#)&' %&)12G$' #$' #/' 4,/#02,8' !#+4&' -#/' f[' 7,+' 42#$%,' -#
#*%"-2&$%#*'-#'*#4"$-&+2&')&$2N2#*%&'*#$%2+*#'%,%&/)#$%#'-#*),%23&-,'7&+&'#*%"-2&+i8'M,*'#*%"-2&$%#*
&1"++2-,*;'7,4,'&%#$%,*'<'("#'*#'#*N"#+D&$'7,4,'*#'1#$#N242&$')#$,*'-#'"$')#Q,+'4"++64"/,','-#'"$&
)#Q,+'#$*#V&$D&Z8
S%+,' 0+&$' 7+,1/#)&' #*' /&' -#*#+425$' #*4,/&+8' A"4:,*' &/")$,*' $,' 4"/)2$&$' *"*' #*%"-2,*' -#
#-"4&425$' *#4"$-&+2&8' >2' 12#$' &/0"$,*' -#Q&$' /,*' #*%"-2,*' 7,+' 7+,1/#)&*' &4&-G)24,*;' /&' )&<,+6&
72#$*&'("#'7"-,':&1#+*#'0+&-"&-,;'#*'-#42+;'("#'*"*'-2N24"/%&-#*'7"-2#+,$'*"7#+&+*#8'J$'"$'#*%"-2,
+#&/2D&-,'#$'J*%&-,*'=$2-,*;'4&*2'/&')2%&-'-#'/&')"#*%+&'-#'#*%"-2&$%#*'jfh'7,+'42#$%,k'+#N2#+#'("#'/&
7+2$427&/' +&D5$' 7&+&' -#Q&+' -#' #*%"-2&+' N"#' ("#' /&*' 4/&*#*' $,' #+&$' 2$%#+#*&$%#*' $2' /,' *"N242#$%#)#$%#
),%23&-,+&*' <' -2Q#+,$' *#$%2+*#' &1"++2-,*8' >2#%#' -#' 4&-&' -2#D' jZ^' 7,+' 42#$%,k' -2Q#+,$' $,' *#$%2+*#
),%23&-,*'$2'2$*72+&-,*'7&+&'#*N,+D&+*#'#$'/,*'#*%"-2,*8'M,'2$%#+#*&$%#'#*'("#'h['7,+'42#$%,'-#'/,*
#3&/"&-,*' 7#$*&1&$' ("#' *#' :"12#+&$' 7,-2-,' 0+&-"&+' *2' #*' ("#' /,' :"12#+&$' 2$%#$%&-,;' *2' #*' ("#
:"12#+&$'#*%&-,'),%23&-,*'7&+&':&4#+/,h8
l$%"2%23&)#$%#;' /&' )&<,+6&' -#' /&*' 7#+*,$&*' 4+##$' ("#' :&<' "$&' +#/&425$' #$%+#' ),%23&425$' <
+#*"/%&-,*8' L#+,' :&<' #*4G7%24,*' ("#' $#4#*2%&$' `3#+' 7&+&' 4+##+a8' M&' 2$N,+)&425$' ("#' *#' ),*%+&+I' &
4,$%2$"&425$' #*' 7&+&' #*%#' *#0"$-,' 0+"7,;' 7&+&' &("#//,*' ("#' -#*#&$' 3#+' #*%"-2,*' 42#$%6N24,*' ("#
)"#*%+#$'#32-#$42&*'-#/'2)7&4%,'-#'/&'),%23&425$'#$'+#*"/%&-,*'4,$4+#%,*8

M&' #)7+#*&' e&//"7' :2D,' "$' #*%"-2,' 4,$' 42#$%,' 42$4"#$%&' <' -,*' #)7+#*&*' #$' 4"&+#$%&' <' 4"&%+,
2$-"*%+2&*' <' 3#2$%2*G2*' 7&6*#*;' 4,)7&+&$-,' #/' bi' 7,+' 42#$%,' *"7#+2,+' -#' #)7+#*&*' 4,$' %+&1&Q&-,+#*
)I*'),%23&-,*'4,$'+#*7#4%,'&/'bi'7,+'42#$%,'-#'#)7+#*&*'4,$'%+&1&Q&-,+#*')#$,*'),%23&-,*8'e&//"7
("#+6&'#3&/"&+'*2':&16&'2$-24&-,+#*'4,$4+#%,*'-#'+#*"/%&-,*'("#'),*%+&+&$'"$&'-2N#+#$42&'#$%+#'&)1,*
0+"7,*8'J$'/&'2/"*%+&425$'Z'*#'+#N/#Q&$'/,*'+#*"/%&-,*g8
;5%&.0().7)G(%0:"/01,)L'(8"')M)N75&'%".(5).7)O7B(/0(5)L"''&#)PEQ*FR

+'&5%-"/01,)S

J/' bi' 7,+' 42#$%,' -#' #)7+#*&*' 4,$' %+&1&Q&-,+#*' )I*' ),%23&-,*' 7+,-"46&$' f]' 7,+' 42#$%,' )#$,*
6%#)*'-#N#4%",*,*;'+#7,+%&1&$'fg'7,+'42#$%,')#$,*'2$42-#$%#*'+#/&42,$&-,*'4,$'/&'*#0"+2-&-;'%#$6&$
Yh'7,+'42#$%,')#$,*'-#'&"*#$%2*),;'bi'7,+'42#$%,')#$,*'-#'+,%&425$;'bg'7,+'42#$%,')#$,*'-#')#+)&
("#' &("#//&*' #)7+#*&*' "124&-&*' #$' #/' bi' 7,+' 42#$%,' 2$N#+2,+' 4,$' +#*7#4%,' &' /&' ),%23&425$' -#' *"*
%+&1&Q&-,+#*8'J/'bi'7,+'42#$%,'-#'#)7+#*&*'4,$'%+&1&Q&-,+#*')I*'),%23&-,*'%#$6&$'b]'7,+'42#$%,')I*
-#' 7+,-"4%232-&-;' "$' ][' 7,+' 42#$%,' )I*' -#' 1"#$' *#+3242,' &/' 4/2#$%#' <' "$' bb' 7,+' 42#$%,' )I*' -#
+#$%&12/2-&-'("#'/&*'#)7+#*&*'("#'*#'#$4,$%+&1&$'#$'#/'0+"7,'-#'bi'7,+'42#$%,'-#'#)7+#*&*')#$,*
),%23&-&*8
R*2)2*),;' #$' ,+0&$2D&42,$#*' )2$#+&*' #' 2$-"*%+2&/#*' /,*' 2$-24&-,+#*' -#' *#0"+2-&-' *,$' )"<
2)7,+%&$%#*' <&' ("#' 2$32#+%#$' )2//,$#*' 7&+&' +#-"42+' &442-#$%#*' <' #32%&+' N&%&/2-&-#*8' >,$' 7,4&*' /&*
#)7+#*&*' )2$#+&*' ("#;' #$' )2' #C7#+2#$42&;' %,)&$' 4,$42#$42&' -#' ("#' "$&' #*%+&%#02&' 4,$4+#%&' 7&+&
+#-"42+'2$42-#$%#*'-#'*#0"+2-&-;'&")#$%&'/&'),%23&425$'-#'/&*'7#+*,$&*8
e&//"7'+#7,+%&'("#'#/'4,*%,'-#'%+&1&Q&-,+#*'-#*),%23&-,*'#*'-#'Y[[8[[[')2//,$#*'-#'-5/&+#*'#$
7G+-2-&' -#' 7+,-"4%232-&-' &/' &V,^8' L,+' ,%+,' /&-,;' /&' 4,$*"/%,+&' X&<' e+,"7' #$4,$%+5' ("#' /&*
,+0&$2D&42,$#*'4,$'#)7/#&-,*')I*'),%23&-,*;'%"32#+,$'"$'fY'7,+'42#$%,')I*'-#'7+,-"4%232-&-][8

A&+.#%'T,,/*'l$48'+#7,+%5'("#;'4,$%+&+2&)#$%#'&'/&'4+##$42&'-#'("#'#/'-2$#+,'#*'#/'0+&$'),%23&-,+
-#'/&*'7#+*,$&*;'/,*'%+&1&Q&-,+#*'2$-24&+,$'("#'#+&$',%+,*'&*7#4%,*'/,*'("#'7,-6&$'),%23&+/,*'#$'*"
%+&1&Q,8' R*6;' 2-#$%2N24&+,$' *#2*' &*7#4%,*?' bh' 7,+' 42#$%,' ("#+6&' %#$#+' )I*' ,7,+%"$2-&-#*' #$' *"*
%+&1&Q,*O' b[' 7,+' 42#$%,' ("#+6&' )&<,+#*' ,7,+%"$2-&-#*' 7&+&' #/' -#*&++,//,' -#' *"' 4&++#+&' <' )&<,+
#$%+#$&)2#$%,O']i'7,+'42#$%,'("#+6&'4,$-242,$#*'-#'%+&1&Q,')I*'N/#C21/#*O'^'7,+'42#$%,'("#+6&')&<,+
4,,7#+&425$' #$%+#' /,*' %+&1&Q&-,+#*O' g' 7,+' 42#$%,' ("#+6&' "$' %+&1&Q,' )I*' -#*&N2&$%#;' <' h' 7,+' 42#$%,
("#+6&'"$&')#Q,+'+#/&425$'4,$'*"'Q#N#]]8
J$'4,$4/"*25$;'#C2*%#'-#*),%23&425$'%&$%,'#$'/&*'7#+*,$&*'("#'%+&1&Q&$'#$'/&'#)7+#*&'4,),'#$'/,*
&/")$,*' ("#' &*2*%#$' &/' 4,/#02,;' &)1&*' &4%232-&-#*' &' /&*' ("#' -#-24&),*' )"4:,*' &V,*' -#' $"#*%+&*
32-&*8'_,)#$%&+'"$'#$%,+$,'),%23&-,+'<'*#$%2+$,*'),%23&-,*'$,'#*'"$'%#)&'+#/&42,$&-,'4,$'#/'-2$#+,;
*2$,' 4,$' #/' -#*#,' -#' ("#+#+' :&4#+/,;' -#' %,)&+*#' #$' *#+2,' #*%&' %&+#&8' L&+&' &("#//,*' ("#' #*%G$
-#42-2-,*' &' 4&)12&+' #/' #*4#$&+2,' &4%"&/' -#' -#*),%23&425$;' #*%#' /21+,' /#*' 1+2$-&+I' "$&' *#+2#' -#
:#++&)2#$%&*'B%2/#*'7&+&'7,-#+'/,0+&+/,8

T,")97%AU(-").7)9(%0:"/01,
!"#)$ 2&(GL3+#)$ (4&'&'$ 7#$ A#84749#9$ 9&$ %,#+9#+$ ,'#$ %+#'$ 6#'(49#9$ 9&$ 63'36424&'(3$ &'$ ,'$ *&>,&M@)423$ &)*#643$ &'$ ',&)(+#
2&'(&B8

1%-20&3)244&5$%"6&78+*0&92:%0(;/$0

K/%0:0.".
X&0&' "$&' 7&"*&' #$' *"' /#4%"+&' #' 2$%#$%#' :&4#+' "$&' /2*%&' -#' 7,+' /,' )#$,*' ("2$4#' ),%23,*' -2N#+#$%#*' ("#' 7,-+6&$
#C7/24&+'7,+'("G'#*%&'7#+*,$&'#*%I'-#*),%23&-&8

+'&5%-"/01,)V

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
R'4,$%2$"&425$;'&/0"$&*'+#*7"#*%&*'7,*21/#*?

]8'L,+("#'*"'%+&1&Q,'$,'#*%I'&/2$#&-,'4,$'*"*'%&/#$%,*'j4,)7#%#$42&k8
b8'L,+("#'*"'Q#N#'/#'2)7,$#'#/'%+&1&Q,;'$,'-#42-#'$&-&'j&"%,$,)6&k8
Y8'L,+("#'$,'%2#$#'+#/&42,$#*'4#+4&$&*'#$'/&',N242$&'j+#/&425$k8
f8'L,+("#'$,'/#'#$4"#$%+&'*#$%2-,'&/'%+&1&Q,;'*20$2N24&-,'j%+&*4#$-#$42&k8
i8'L,+("#'#/'%+&1&Q,'#*'+"%2$&+2,;'&1"++2-,'j#*%&-,*'#),42,$&/#*?'-23#+*25$k8
Z8'L,+("#'$,'&7+#$-#'$&-&;'$,'*2#$%#'("#'4+#4#'j&7+#$-2D&Q#'<'4,)7#%#$42&k8
h8'L,+("#'*2#)7+#':&4#'/,')2*),;'$,':&<'3&+2#-&-;'4&)12,'j$,3#-&-k8
g8'L,+("#'$,'%2#$#'"$&')#%&','"$'+#%,'j)#%&*k8
^8'L,+("#'*2#$%#'("#'$,'#*'1"#$,':&42#$-,'#*#'%27,'-#'%+&1&Q,'j4+##$42&*;'&"%,#N24&42&k8
][8'L,+("#'$,'/,'+#4,$,4#$'j),%23&-,+#*'#C%+6$*#4,*k8
]]8'L,+("#'$,'/#',N+#4#$'/,*'2$4#$%23,*'&-#4"&-,*'j),%23&-,+#*'#C%+6$*#4,*k8
]b8'L,+("#'$,'%2#$#'4/&+,'*"'+,/'$2'/&*'#C7#4%&%23&*'-#'*"'Q#N#'j-#*),%23&-,+#*k8
]Y8'L,+("#'*2#$%#'("#'$,':&<'#("2-&-'j-#*),%23&-,+#*k8
]f8'L,+("#'$,'%2#$#'/,*'+#4"+*,*'$2'#("27,*'$#4#*&+2,*'j-#*),%23&-,+#*k8
]i8'L,+("#':&<'-#)&*2&-&*'+#0/&*'<'7+,4#*,*'1"+,4+I%24,*'j-#*),%23&-,+#*k8

R/'4,*%&-,'-#'4&-&'#C7/24&425$;'#$%+#'7&+G$%#*2*;'&7&+#4#'#/'4,$4#7%,'&/'("#'#*%&+6&'+#/&42,$&-&'/&
4&"*&' -#' /&' N&/%&' -#' ),%23&425$8' R' /,' /&+0,' -#/' /21+,' #C7/24&+#),*' #$' -#%&//#' 4&-&' "$,' -#' #*%,*
4,$4#7%,*')#$42,$&-,*'#$%+#'7&+G$%#*2*8'F"#-&'4/&+,'("#'#/'%#)&'-#'/&'),%23&425$'#*'4,)7/#Q,'<':&<
)"4:&*' %#,+6&*' ,' 4,$4#7%,*' ("#' /&' #C7/24&$8' L&+&' *2)7/2N24&+' <' 7,-#+' +#4,+-&+' )#Q,+' /&*' %#,+6&*;
:#),*'4+#&-,'"$&')#%IN,+&'("#'/&*'&0+"7&8
W*%&'*#'+#N2#+#'&'3#+'&/'*#+':")&$,'4,),'*2'N"#+&'"$'&"%,)532/':61+2-,'j3#+'2/"*%+&425$'gk8'!,),
:#),*' )#$42,$&-,;' /&' ),%23&425$' #*' /&' #$#+06&' ("#' -2+20#' $"#*%+&*' 4,$-"4%&*' <' 3#+#),*' /&*
-2N#+#$%#*'N,+)&*'-#'#$#+06&'("#'/,'7,$#$'#$'),32)2#$%,8'L#+,'#*%&'#$#+06&'7"#-#'*#+'-#'-2N#+#$%#*
%27,*;'%&/'4,),'*#')"#*%+&'#$'/&'2/"*%+&425$'g8

+'&5%-"/01,)W

J/'7+2)#+'%27,'-#'#$#+06&'*#'+#N2#+#'&'/&*'1&%#+6&*'2$%#+2,+#*'@("#'*,$'7&+%#'-#/'&"%,@;'("#'%2#$#$
/&'7&+%24"/&+2-&-'-#'("#'*#'4&+0&$'*,/&*'&')#-2-&'("#'#/'&"%,'&3&$D&8'n&),*'&'4,$*2-#+&+'/&*'1&%#+6&*
-#/'&"%,'4,),'),%23&-,+#*'2$%+6$*#4,*O'#*'-#42+;'("#'*#'-&$')2#$%+&*'*#'+#&/2D&'/&'&4%232-&-8'J$'/&
2/"*%+&425$'*#')"#*%+&$'/,*'*#2*'),%23&-,+#*'2$%+6$*#4,*'("#')#$42,$&+#),*'#$'#/'/21+,8'L,+'#Q#)7/,;
"$,'-#'#//,*'#*'/&'&"%,$,)6&8'!"&$-,'"$&'7#+*,$&'7"#-#'#/#02+'/&'&4%232-&-'("#':&4#'<'45),'/&':&4#;
*#'),%23&':&42#$-,'/&'&4%232-&-'#$'*6')2*)&O'*#'*2#$%#'/21+#;'*2#$%#'("#'#*'-"#V&'-#'*"'-#*%2$,;'*2#$%#
("#':&4#'/,'("#'#//&'*2#$%#'("#'#*'2)7,+%&$%#8'J*'-#42+;'+#4&+0&'*"*'1&%#+6&*'2$%#+$&*'<'/#'7#+)2%#'&/
&"%,'),32/2D&+*#8
L#+,' %&)12G$' #C2*%#' ,%+,' %27,' -#' 4,)1"*%21/#' ("#' )"#3#' #/' &"%,?' /&' 0&*,/2$&8' J$' #*%&' )#%IN,+&;
*#+6&$'/,*'),%23&-,+#*'#C%+6$*#4,*;'("#'*,$'&Q#$,*'&'/&'&4%232-&-'#$'*6')2*)&'<'*#'-&$'"*"&/)#$%#
4,),'+#*"/%&-,'-#'#//&8'L"#-#$'*#+'7+#)2,*;'1,$,*;'4&/2N24&42,$#*;'#$%+#',%+,*8'9&-2#'-"-&'-#'("#
)"#3&$'#/'&"%,;'7#+,;'4,),'3#+#),*')I*'&-#/&$%#;'7"#-#$'%#$#+'&/0"$,*'4,*%,*',4"/%,*8
!,$' +#*7#4%,' &' /&' 0&*,/2$&;' G*%&' 7"#-#' %#$#+' -2N#+#$%#*' %27,*' -#' ,4%&$&Q#*O' -#' /&' )2*)&' )&$#+&;
#C2*%#$'&/0"$,*'),%23&-,+#*'#C%+6$*#4,*'("#'*,$')#Q,+#*'("#',%+,*8
R:,+&'12#$;'#/'&"%,'7"#-#'%#$#+'#/')#Q,+'%27,'-#'#$#+06&'#$'*"*'1&%#+6&*'<'#$'*"'4,)1"*%21/#;'<'&"$
&*6'$,'&3&$D&+'7,+("#'%2#$#'/&*'//&$%&*'1&Q&*;'4,),')"#*%+&'/&'2/"*%+&425$'^8

+'&5%-"/01,)X

L,+'#Q#)7/,;'7"#-,'#*%&+'),%23&-,'2$%+6$*#4&)#$%#'7,+'/&'&"%,$,)6&'<'%#$#+'&-#)I*'#/'2$4#$%23,
#C%+6$*#4,'-#'"$'1,$,;'7#+,'*2')2'Q#N#')#'%+&%&'4,$'2$#("2-&-','2$Q"*%242&;'3,<'&'*#$%2+'("#'&/0,'@("#
$,'#*%I'$2'#$'#/'&"%,'$2'#$'/&'#$#+06&@')#'2)72-#'&3&$D&+;'<'G*%,*'*,$'/,*'$#")I%24,*'-#*2$N/&-,*;
4,$'/,'4"&/')#'+#*"/%&+I'-2N642/'),3#+)#8
M,*'-#*),%23&-,+#*'*,$')"4:,*'<'*,$'N&4%,+#*':202G$24,*]bO'#*'-#42+;'*2'#C2*%#$;'-#*),%23&$'&'/&*
7#+*,$&*O'&"$("#'*"'&"*#$42&'$,'*20$2N24&'("#'7+,-"D4&$'#/'#N#4%,'4,$%+&+2,'-#'),%23&+8'L,+'#Q#)7/,;
)#'*2#$%,'-#*),%23&-,'7,+'/&'2$#("2-&-','/&'2$Q"*%242&;'7#+,'*2'-#*&7&+#4#'/&'2$#("2-&-','2$Q"*%242&;
$,'3,<'&'#*%&+'$#4#*&+2&)#$%#'),%23&-,'7,+'#//,O'("2DI*')#'*2#$%&'12#$'7,+'"$'7#("#V,'%2#)7,;'7#+,
#*%,*'N&4%,+#*'$,')#'),%23&+I$8'M&'+&D5$'#*'("#'$,*,%+,*'#*7#+&),*'("#'"$'N&4%,+':202G$24,'4,),'/&
Q"*%242&'*#'-G'#$'$"#*%+&*'32-&*'-#')&$#+&'$&%"+&/;'<'*"'*,/&'7+#*#$42&'$,'$,*'),%23&8
L,+' ,%+,' /&-,;' #C2*%#$' ,%+&*' N"#+D&*' ("#' 7"#-#$' ),3#+' #/' &"%,;' %&/#*' 4,),' /&' 0+&3#-&-;' 4,),
)"#*%+&' /&' 2/"*%+&425$' ][8' J*' -#42+;' #/' *#+' :")&$,' *#' 7"#-#' ),%23&+' 7,+' ,%+,*' #/#)#$%,*' ("#' $,
#$4&Q&$'#$'/&*'%#,+6&*'&$%#+2,+#*8'L,+'#Q#)7/,;'7"#-#'),%23&+*#'7,+'"$&')#%&'&0+#*23&'("#'/,0+&+',
7,+("#' *#' *2#$%#' )"<' &"%,#N24&D' #$' "$&' &4%232-&-8' L,+' #Q#)7/,;' *2' )#' *2#$%,' )"<' 1"#$,' :&42#$-,
4&)7&V&*' -#' 2#+N&(4'%;' 4&-&' 3#D' ("#' )#' %,("#' :&4#+' "$&' #*%&+G' )I*' ),%23&-,8' S' #$' #/' 7/&$,
7#+*,$&/;' *2' )#' *2#$%,' 45),-,' *,42&/2D&$-,' #$' +#"$2,$#*' <' 4,$3#+*&$-,' 4,$' ,%+,*;' 4&-&' 3#D' ("#
%#$0&'/&',7,+%"$2-&-'-#'&*2*%2+'&'"$&'+#"$25$')#'*#$%2+G'),%23&-,8

+'&5%-"/01,)*Q

l0"&/)#$%#;' *2' :&<' "$' 32#$%,' )"<' N"#+%#;' #/' &"%,' *#' 7"#-#' ),3#+' 7,+' /&' N"#+D&' -#/' 32#$%,8' R("6
#$4&Q&'/&'%#,+6&'-#'/,*'#*%&-,*'#),42,$&/#*'j3#+'2/"*%+&425$']]k8'M&*'7#+*,$&*'*#'7"#-#$'),%23&+;'#$
#/' 4,+%,' 7/&D,;' *2' /,0+&),*' 4,$%&02&+/#*' &/0B$' #*%&-,' #),42,$&/8' T,-,*' :#),*' 32*%,' &' /,*
#$%+#$&-,+#*'-#'#("27,*'-#7,+%23,*'-&+'-2*4"+*,*'&$%#*'-#'*&/2+'&'/&'4&$4:&;'7&/&1+&*'("#'7+#%#$-#$
4,$%&02&+' "$' #*%&-,' #),42,$&/' 7,*2%23,;' -#' ,7%2)2*),' <' -#' 2$*72+&425$8' >#' %+&%&' -#' "$' #*%&-,
#),42,$&/'("#'&<"-&'&'/,*'Q"0&-,+#*'&'-&+'%,-,'-#'*6')2*),*'-"+&$%#'#/'%2#)7,'("#'-"+#'#/'7&+%2-,8
J*'"$&'#*%+&%#02&'-#'),%23&425$'&'4,+%,'7/&D,'("#'*2+3#'7&+&'/,0+&+'/&'),%23&425$'-#'/&*'7#+*,$&*;
7#+,'/&)#$%&1/#)#$%#'$,'7#+-"+&'#$'#/'/&+0,'7/&D,8

+'&5%-"/01,)**

I":0.4)Y;')9(%0:".(-Z
!"&$-,' 3,<' &' -24%&+' 4,$N#+#$42&*' ,' #$%+#32*%&*' &' ,%+&*' +#02,$#*' ,' 7+,32$42&*' -#' L#+B;' *2#)7+#' )#' 7+#*#$%&$
-242#$-,' &/0,' &*6' 4,),?' `R("6' %#$#),*' &/' 0+&$' ),%23&-,+' 2$%#+$&42,$&/' U&32-' _2*4:)&$Pa8' U#*7"G*' -#' /&' /&+0&' <
7,)7,*&'7+#*#$%&425$'j("#'*2#)7+#')#':&4#'*#$%2+'2$45),-,k;'/,'7+2)#+,'("#'/#'+#*7,$-,'&/'#$%+#32*%&-,+'#*'("#'$,
)#'4,$*2-#+,'"$'),%23&-,+8'M#'#C7/24,'("#'*2'12#$')2*'4,$N#+#$42&*'),%23&$;'$,'#*'G*%#')2',1Q#%23,'7+2$427&/;'("#'#*
("#' /&*' 7#+*,$&*' &7+#$-&$;' ("#' *#' //#3#$' #*%+&%#02&*' 4,$4+#%&*' 7&+&' )#Q,+&+' <' ("#' &7/2("#$' /,*' 4,$,42)2#$%,*' #$
%&//#+#*;' &' %+&3G*' -#' -2$I)24&*;' 7&+&' ("#' %#$0&$' )&<,+' +#%#$425$8' EU#' ("G' *2+3#' *5/,' 4,$%&02&+' "$' #*%&-,' #),42,$&/
7,*2%23,' #$' "$&' 4,$N#+#$42&' -#' )#Q,+&' 7#+*,$&/' *2' &' /&*' -,*' :,+&*' #/' #N#4%,' *#' %#+)2$&' <' #/' 7&+%2427&$%#' $,' *#' //#3&
:#++&)2#$%&*'4,$4+#%&*'7&+&'4&)12&+H

M,')2*),',4"++#'4,$'#*%#'/21+,;'*2'12#$'#*7#+&),*'("#'*#&'2$*72+&-,+'7&+&'/,*'/#4%,+#*;'%&)12G$
,N+#4#),*')"4:,*'#Q#+4242,*'<'#*%+&%#02&*'4,$4+#%&*'7&+&'("#'/&*'#)72#4#$'&'&7/24&+'#$'*"*'32-&*'<
%+&1&Q,'4"&$%,'&$%#*8

!"#$%&'()E

I0U7-7,/0"5)7,%-7)'")9(%0:"/01,
0,%-$,57/")M)'")7[%-$,57/"

!=,&9&)$23(45#+$*3+$&7$24&93$3$*,&9&)$23(45#+$*3+$&7$*+&243<
=&+3$#283)$2O(393)$)3'$)173$(&2*3+#7&)B8
<2/(%&=*)(

G0.07,.(),&75%-")9(%0:"/01,
M,*' %+&1&Q&-,+#*' 7"#-#$' %#$#+' -2N#+#$%#*' +&D,$#*' 7&+&' #*N,+D&+*#' #$' *"*' #)7/#,*8' L,+' N&3,+;
2$-2("#'("G'%&$'2)7,+%&$%#'*,$'#*%&*'+&D,$#*'7&+&'("#'"*%#-'*#'#*N"#+4#'#$'*"'%+&1&Q,;'2$-24&$-,'"$
$B)#+,'-#/']'&/'i;'-,$-#']'#*'`$&-&'2)7,+%&$%#'7&+&')6a'<'i'#*'`)"<'2)7,+%&$%#'7&+&')6a8

G7)75U&7-\()7,)90)%-"8"]( *F )^

!&/2N24&425$?
>")#' <' -232-&' #$%+#' -,*' /,' ("#' "*%#-' )&+45' #$' /,*' *20"2#$%#*' 6%#)*' j3#&' /&' 4,/")$&' ("#' -24#
`6%#)*a'<'/&'4,/")$&'("#'-24#'`*"'7"$%&Q#ak8

M"#0,')2+#'&'/&'-#+#4:&'#/'%27,'-#'+&D,$#*'("#'"*%#-'*20"#'<'N2$&/)#$%#'#/'%27,'-#'),%23&425$8
EJ$'("G'I+#&',1%"3,'#/'7"$%&Q#')I*'&/%,Hmmmmmmmmmmmmmmmmmmmm'EJ$'("G'I+#&',1%"3,'#/'7"$%&Q#
)I*'1&Q,H'mmmmmmmmmmmmmmmmmmm
>2'"*%#-'%2#$#')&<,+#*'7"$%&Q#*'#$'/&'),%23&425$'%27,']','%27,'b;'*20$2N24&'("#'*#'*2#$%#',1/20&-,',
12#$'7,+'7+#*2,$#*'#C%#+$&*','2$%#+$&*8'>2'"*%#-'%2#$#')&<,+#*'+&D,$#*'4,$'/,*'%27,*'-#'),%23&425$'Y'<
f;' "*%#-' *#' ),%23&' )I*' 7,+' &("#//,' ("#' 3&' &/2$#&-,' 4,$' *"*' 3&/,+#*;' 7,+' &("#//,' ("#' "*%#-' *2#$%#
4,),'*20$2N24&%23,'#'2)7,+%&$%#;'&*6'4,),'7,+'&("#//,'("#'-2*N+"%&'<'/#'&7&*2,$&8
\#N/#C2,$#' *,1+#' "$&' &4%232-&-' ("#' /#' &7&*2,$&' :&4#+;' "$&' &4%232-&-' 4,$' /&' 4"&/' *#' *2#$%#
),%23&-,8'L"#-#'*#+'"$&'&4%232-&-'+#/&42,$&-&'4,$'*"'%+&1&Q,','#*%"-2,*;','"$&'&4%232-&-'+#/&42,$&-&
4,$'*"'32-&'7#+*,$&/8'J*4+61&/&'&'4,$%2$"&425$?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
R:,+&;' +#N/#C2,$#;' E("G' #*' /,' ("#' /,' ),%23&' &' :&4#+' #*%&' &4%232-&-H' J*4+21&' *"' +#*7"#*%&' &
4,$%2$"&425$?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
!"&$-,':&0,'#*%#'#Q#+4242,'#$')2*'%&//#+#*;'+#421,'+#*7"#*%&*'*2)2/&+#*8'J$4"#$%+,'7#+*,$&*'("#'*#
),%23&$'7,+'"$'+#%,'#$'*"'%+&1&Q,'("#'#*%I'&'/&'&/%"+&'-#'*"*'%&/#$%,*;'7#+*,$&*'("#'*#'),%23&$'7,+("#
%+&1&Q&$' #$' "$' #("27,' -#' )"4:&' 4,$N2&$D&;' 7#+*,$&*' ("#' *#' ),%23&$' 7,+("#' *2#$%#$' ("#' :&4#$' /&
-2N#+#$42&8' T,-,*' #*%,*' ),%23&-,+#*' *,$' 2$%+6$*#4,*;' #*' -#42+;' /&' 7#+*,$&' *#' ),%23&' :&42#$-,' /&

&4%232-&-'#$'*6')2*)&8'9&-2#')#'+#*7,$-#'`7,+("#')#'7&0&$'12#$a','`7,+("#')#'-&$'"$'7+#)2,a;
("#'*,$'),%23&-,+#*'#C%+6$*#4,*8
!,),'3#+#),*')I*'&-#/&$%#;'*#'4,$*2-#+&'("#'/,*'),%23&-,+#*'2$%+6$*#4,*'*,$'-#')&<,+'4&/2-&7,+("#'%2#$#$')I*'1#$#N242,*'("#'/,*'),%23&-,+#*'#C%+6$*#4,*]f8
R/0"$,*'4,$N"$-#$'/,*'),%23&-,+#*'2$%+6$*#4,*'4,$'),%23&-,+#*'2$%#+$,*;'7#+,'$,'#*'/,')2*),8'J$
+#&/2-&-' /&' ),%23&425$' *2#)7+#' #*' 2$%#+$&' <' +&-24&' #$' $"#*%+,' 4#+#1+,8' AI*' 7+#42*&)#$%#;' /&
),%23&425$' #*%I' +#/&42,$&-&' &' /,*' 42+4"2%,*' $#"+,$&/#*' -,7&)2$G+024,*' <' -#' 7+#)2,' #$' $"#*%+,
4#+#1+,8'!"&$-,' *#' &4%23&$' #*%,*' 42+4"2%,*' 4#+#1+&/#*;' $,*' *#$%2),*' #$#+02D&-,*' <' ),%23&-,*' 7&+&
+#&/2D&+'4"&/("2#+'&4%232-&-]i8
R"$("#'/,':&<&),*')#$42,$&-,'&$%#+2,+)#$%#;'3&/#'/&'7#$&'+#7#%2+/,8'M,*'),%23&-,+#*'2$%+6$*#4,*
*,$' &("#//,*' ("#' *#' 1&*&$' #$' /&' +#&/2D&425$' -#' /&' &4%232-&-' #$' *6' )2*)&8' M,*' *#2*' ),%23&-,+#*
2$%+6$*#4,*'*,$?
o'R"%,$,)6&
o'>#$%2-,'-#'4,)7#%#$42&
o'9,3#-&o'R7+#$-2D&Q#
o'\#/&425$;'7#+%#$#$42&
o'T+&*4#$-#$42&

L,+' #Q#)7/,;' *2' "$&' 7#+*,$&' :&4#' "$&' &4%232-&-' ("#' /,' ),%23&' 7,+("#' #*%I' &7+#$-2#$-,;' /&
),%23&425$'#*'2$%+6$*#4&'7,+("#'*#'0#$#+&'&/'+#&/2D&+'/&'&4%232-&-'#$'*6')2*)&8'U#/')2*),'),-,;'*2
"$&'7#+*,$&'#*%I'%+&1&Q&$-,'#$'&/0"$&'&4%232-&-'4,$'/&'4"&/'*#'*2#$%#')"<'4,)7#%#$%#'<'#$'/&'4"&/'"*&
*"*'%&/#$%,*;'/&'7#+*,$&'*#'),%23&8'9,'*#'),%23&'7,+'#/'+#*"/%&-,'-#'/&'&4%232-&-;'*2$,'("#'*#'),%23&
7,+' +#&/2D&+' /&' &4%232-&-' #$' *6' )2*)&8' M&' *20"2#$%#' 42%&' -#' \,1#+%' X#$+2]Z' -#*4+21#' /&' ),%23&425$
2$%+6$*#4&?'`J/',1Q#%23,'-#'72$%&+'$,'#*':&4#+'"$&'2)&0#$8'M&'2)&0#$;'*2'+#*"/%&;'#*'*5/,'"$'7+,-"4%,;
"$&'4,$*#4"#$42&;'("#'7"#-#'*#+'B%2/;'%#$#+'3&/,+','*#+'2$%#+#*&$%#8'J/'3#+-&-#+,',1Q#%23,'-#'72$%&+'#*
/,0+&+'"$'#*%&-,'-#'4,$42#$42&;'"$'#/#3&-,'#*%&-,'-#'N"$42,$&)2#$%,;'"$'),)#$%,'#C%+&,+-2$&+2,'-#
$"#*%+&'#C2*%#$42&a8
S%+&' N,+)&' -#' #$%#$-#+' /,*' ),%23&-,+#*' 2$%+6$*#4,*' #*' &' 7&+%2+' -#' /&' &"*#$42&' -#' #//,*8' X&<
7#+*,$&*'("#'$,'*#'),%23&$'#$'*"'%+&1&Q,'7,+("#'/,'#$4"#$%+&$')"<'),$5%,$,'<'+"%2$&+2,;'$,'#*%I$
*&%2*N&42#$-,'#/'),%23&-,+'2$%+6$*#4,'-#'/&'$,3#-&-'$2'#/'-#'&7+#$-2D&Q#8'T&)12G$':&<'7#+*,$&*'("#
$,' *#' ),%23&$' 7,+("#' 7#+421#$' #$' *"' %+&1&Q,' "$' &)12#$%#' -#' -#*4,$N2&$D&O' /#*' N&/%&' *&%2*N&4#+' #/
),%23&-,+'-#'+#/&425$'<'7#+%#$#$42&8
=$&' N,+)&' -#' 2-#$%2N24&+' /,*' ),%23&-,+#*' #C%+6$*#4,*' #*' 4"&$-,' /&*' 7#+*,$&*' +#&/2D&$' "$&
&4%232-&-' B$24&)#$%#' 4,),' )#-2,' 7&+&' 4,$*#0"2+' "$' N2$;' #*' -#42+;' 4"&$-,' /,' ("#' /#' 2$%#+#*&' &' /&

7#+*,$&' #*' 7+2$427&/)#$%#' #*%#' `N2$a;' /&*' 4,$*#4"#$42&*' -#' :&4#+' `&/0,a8' R/0"$,*' ),%23&-,+#*
#C%+6$*#4,*'*,$?
o'\#4,$,42)2#$%,
o'L+#)2,*;'2$4#$%23,*
o'p,$,*
o'U27/,)&*;'%+,N#,*
o'J3&/"&42,$#*;'$,%&*
o'_#4:&*'/6)2%#
o'!&*%20,*

L,+' #Q#)7/,;' 4"&$-,' "$' &/")$,' *#' *2#$%#' ),%23&-,' &' #*%"-2&+' 7,+("#' ("2#+#' ,1%#$#+' "$&' 1"#$&
$,%&;'*#'%+&%&'-#'"$&'),%23&425$'#C%+6$*#4&8'9,'#*'/&'&4%232-&-'/,'("#'/,'),%23&;'*2$,'*5/,'#/')#-2,
7&+&',1%#$#+'"$'N2$;'("#'#*'/&'$,%&8'J$'/&'#)7+#*&'*#'/#*'#$%+#0&$'1,$,*'&'/,*'#Q#4"%23,*'*#0B$'/,*
,1Q#%23,*' 4")7/2-,*8' 9,' /,*' ),%23&' $#4#*&+2&)#$%#' :&4#+' /&' &4%232-&-' #$' *6' )2*)&;' *2$,' ("#' /,*
),%23&'#/'-2$#+,'("#',1%#$-+I$'&/'N2$&/'-#'#//&8
R/0"$,*' -#' "*%#-#*' *#' 7"#-#$' *,+7+#$-#+' -#' 3#+' #/' %#)&' -#' +#4,$,42)2#$%,' 4,),' "$' ),%23&-,+
#C%+6$*#4,8' >#' 4,$32#+%#' #$' #//,' 4"&$-,' /,' ("#' &' "$,' /,' ),%23&' $,' #*' :&4#+' /&' &4%232-&-;' *2$,' #/
+#4,$,42)2#$%,' 7,+' "$' %+&1&Q,' 12#$' +#&/2D&-,8' AI*' &-#/&$%#' #$' #/' /21+,' -2*4"%2+#),*' &' N,$-,' #*%#
%#)&8

K/%0:0.".
L&+&' +#7&*&+' /,' &7+#$-2-,;' /#' 7+#*#$%&),*' &' 4,$%2$"&425$' &/0"$,*' 4&*,*' 7&+&' ("#' "*%#-' &$&/24#' /&' *2%"&425$' <
)&+("#'*2'/&'),%23&425$'#*'2$%+6$*#4&','#C%+6$*#4&8'M&*'+#*7"#*%&*'*#'#$4"#$%+&$'#$'/&'7I02$&'f]'7&+&'("#'"*%#-'/&*
#3&/B#8

M&*'+#*7"#*%&*'*#'#$4"#$%+&$'#$'/&'7&+%#'-#'&1&Q,'-#'#*%&'7I02$&8

+'&5%-"/0(,75)*E)M)*F

N75#&75%"5?
A,%23&425$'#C%+6$*#4&8
A,%23&425$'2$%+6$*#4&8
A,%23&425$'#C%+6$*#4&8
A,%23&425$'2$%+6$*#4&8
A,%23&425$'#C%+6$*#4&8
A,%23&425$'#C%+6$*#4&8

;,)9(%0:"/01,)*_*)`)E

!"#)$ 49&#)$ >,&$ +&>,4&+&'$ >,&$ 7#)$ *&+)3'#)$ +&3+%#'46&'$ ),

*&+6&*641'$9&7$2,'93$%&'&+#'$A3)(4749#9B8
9$/(-&>8(*)?

K/%0:0.".
l)&02$#'("#'%+&1&Q&'7&+&'"$&'#)7+#*&'4,),'#Q#4"%23,'#$'#/'I+#&'-#'2#+N&(4'%'<'%2#$#'&'*"'4&+0,'/&*'4&)7&V&*'-#
7"1/242-&-8'=*%#-':&'#*%"-2&-,'"$&')&#*%+6&'#$'#*%&'I+#&'<'/#'N&*42$&'*"'%+&1&Q,;'*2#$%#'("#'4&-&'-6&'%2#$#'#/'+#%,'-#
:&4#+'"$&'$"#3&'4&)7&V&'4+#&%23&8'=*%#-'*#'*2#$%#'),%23&-,'#$'*"'%+&1&Q,;'7#+,'*"'Q#N#'("2#+#'),%23&+/,')I*;'&*6'("#
-#42-#'&*20$&+/#'"$'1,$,'-#'-,*'*"#/-,*'*2'4")7/#'4,$'"$&'*#+2#'-#',1Q#%23,*'&'N2$'-#'&V,8'ER:,+&'("#' %2#$#'/&*'-,*
),%23&42,$#*'@/&'2$%+6$*#4&'<'/&'#C%+6$*#4&@'%2#$#'#/'-,1/#'-#'),%23&425$H

!"&$-,' :&0,' #*%&' 7+#0"$%&' #$' )2*' %&//#+#*;' /&' )&<,+6&' -#' /,*' 7&+%2427&$%#*' +#*7,$-#' ("#' *68' J*
7+,1&1/#'("#'"*%#-'#*%G'7#$*&$-,'/,')2*),;'%2#$#'/5024&;'-,*'#*')I*'("#'"$,;'7#+,'/&'/5024&'-#'/&
),%23&425$' $,' #*' )&%#)I%24&8' U#Q#' *"' )#$%#' &12#+%&' <' 3#&),*' /&*' /#442,$#*' ("#' $,*' %+&#' #*%#
4&76%"/,8
E!5),' 2-#$%2N24&+6&' &' "$' 0+"7,' -#' $2V,*' ),%23&-,*' 2$%+6$*#4&)#$%#' 7&+&' -21"Q&+' #$' 7+##*4,/&+H
E>,$'&("#//,*'("#'-21"Q&$'4,$')I*'#$%"*2&*),H'J*'7,*21/#;'7#+,'$,'$#4#*&+2&)#$%#'$,*'4,$N2+)&'("#
#*%G$' ),%23&-,*' 2$%+6$*#4&)#$%#8' E>,$' &("#//,*' ("#' :&4#$' /,*' -21"Q,*' )I*' 1,$2%,*H' 9,
$#4#*&+2&)#$%#;' 7"#-#$' %#$#+' %&/#$%,' 7#+,' 7"#-#' *#+' ("#' $,' /,*' ),%23#' %&$%,' -21"Q&+8' M&' N,+)&' -#
"124&+/,*'#*'#*7#+&+'&'("#'*"#$#'/&'4&)7&$&'-#/'+#4+#,'<'3#+'("2G$#*'7+#N#+6&$'-21"Q&+'#$'*"'%2#)7,
/21+#8'_"#+,$'#*%,*'$2V,*;'/,*'("#'-21"Q&1&$'#$'*"'%2#)7,'/21+#;'/,*'("#'*#'%,)&+,$'7&+&'7&+%2427&+
-#/'*20"2#$%#'#*%"-2,8
M#77#+'<'4,/&1,+&-,+#*]h'2-#$%2N24&+,$'"$'0+"7,'-#'$2V,*'#$'#-&-'7+##*4,/&+'j#$%+#'%+#*'<'42$4,
&V,*k'("#'#*%&1&$'2$%+6$*#4&)#$%#'),%23&-,*'7&+&'-21"Q&+'<'"124&+,$'&'/,*'$2V,*'#$'%+#*'4,$-242,$#*?
"$'0+"7,'("#'+#4212+6&'"$&'+#4,)7#$*&'#*7#+&-&;'"$'0+"7,'("#'$,'+#4212+6&'$2$0"$&'+#4,)7#$*&'<'"$
0+"7,'("#'+#4212+6&'"$&'+#4,)7#$*&'2$#*7#+&-&8
R/'0+"7,'-#'+#4,)7#$*&'#*7#+&-&'*#'/#*'-2Q,'("#'*2'-21"Q&1&$;'*#'/#*'-&+6&'"$'7+#)2,;'#*'-#42+;'*#

/#*'-&+6&'"$'),%23&-,+'#C%+6$*#4,'&-242,$&/'&'*"'),%23&425$'2$%+6$*#4&'7&+&'-21"Q&+8'>#'/#*'-2Q,'("#
+#4212+6&$' "$' -27/,)&' #$' #/' ("#' *#' 2$-24&1&' ("#' #/' $2V,' #+&' "$' 1"#$' 7&+%2427&$%#' <' ("#' &-#)I*
+#4212+6&$'"$'/&D,'&D"/'0+&$-#'*2'-21"Q&1&$8'M"#0,'-#'-21"Q&+;'*#'/#*'-2Q,'("#'/,':&16&$':#4:,'12#$'<
*#'/#*'#$%+#05'/,',N+#42-,'j#/'-27/,)&'<'#/'/&D,k8
R/'0+"7,'*2$'+#4,)7#$*&'*5/,'*#'/#*'7+#0"$%5'*2'("#+6&$'-21"Q&+;'$,'*#'/#*')#$42,$5'$&-&'&4#+4&
-#'$2$0"$&'+#4,)7#$*&'$2'*#'/#*'-2,'$&-&'&/'N2$&/8
R/' 0+"7,' -#' +#4,)7#$*&' 2$#*7#+&-&;' *5/,' *#' /#*' 4,$*"/%5' *2' ("#+6&$' -21"Q&+' <' $,' *#' /#*' ,N+#425
$&-&8' L#+,' 4"&$-,' %#+)2$&+,$' -#' -21"Q&+;' *#' /#*' -2Q,' ("#' /,' :&16&$' :#4:,' 12#$' <' *#' /#*' -2,
*,+7+#*23&)#$%#'#/'-27/,)&'-#'1"#$'7&+%2427&$%#8
M"#0,'-#'"$&'*#)&$&;'/,*'2$3#*%20&-,+#*'+#0+#*&+,$'&',1*#+3&+'&'/,*'$2V,*'-"+&$%#'#/'%2#)7,'-#
Q"#0,'/21+#'<'*#'/#*'-2,'/&',7,+%"$2-&-'-#'-21"Q&+'-"+&$%#'#*%#'%2#)7,8'J*%&'3#D;'/,*'$2V,*'("#':&16&$
7&+%2427&-,' -#/' 0+"7,' -#' /&' +#4,)7#$*&' #*7#+&-&' j&' /,*' ("#' *#' /#*' :&16&' ,N+#42-,' #/' -27/,)&' <' #/
/&D,'7,+'72$%&+k'-21"Q&+,$'&:,+&'"$'%2#)7,'*20$2N24&%23&)#$%#')#$,+'&/'%2#)7,'("#'-21"Q&+,$'&/'2$242,
j4"&$-,'*#'/#*',1*#+35'-21"Q&$-,'#$'*"'%2#)7,'/21+#k8'J*'-#42+;'/,*'$2V,*'-#'/&'+#4,)7#$*&'#*7#+&-&
-2*)2$"<#+,$'*"'2$%#+G*'2$%+6$*#4,'7,+'/&'&4%232-&-8
J$' 4&)12,;' #/' 0+"7,' -#' /,*' ("#' $,' +#4212#+,$' +#4,)7#$*&' <' #/' 0+"7,' -#' /,*' ("#' +#4212#+,$' "$&
+#4,)7#$*&'2$#*7#+&-&'$,'),*%+&+,$'$2$0"$&'-2*)2$"425$'#$'*"'2$%#+G*'2$%+6$*#4,8
9,'*#'#$4,$%+&+,$'-2N#+#$42&*'*20$2N24&%23&*'#$%+#'/,*'-2*%2$%,*'0+"7,*'#$'+#/&425$'&'/&'4&$%2-&-'-#
-21"Q,*'+#&/2D&-,*;'7#+,'*6'#$'4"&$%,'&'/&'4&/2-&-8'R*6;'*#'#$4,$%+5'("#'/&'4&/2-&-'-#'/,*'-21"Q,*'-#/
0+"7,'-#'/&'+#4,)7#$*&'#*7#+&-&'#+&')#$,+'("#'/&'-#'/,*',%+,*'-,*'0+"7,*8
M,' ("#' &7+#$-#),*' -#' /&' 2$3#*%20&425$' -#' M#77#+' <' *"*' 4,/&1,+&-,+#*' #*' ("#' ,N+#4#+' "$&
+#4,)7#$*&' #C%+6$*#4&' -2*)2$"<#' /&' ),%23&425$' 2$%+6$*#4&' -#' /&*' 7#+*,$&*' ("#' &$%#*' :&46&$' /&
&4%232-&-'7,+'#/'7/&4#+'-#':&4#+/&8
!,),'3#+#),*;'4"&$-,'*#'%+&%&'-#'),%23&425$;'/&'N5+)"/&'#*'`),%23&425$'2$%+6$*#4&'q'),%23&425$
#C%+6$*#4&'r'b'3#4#*'),%23&425$a8'M&'),%23&425$'#C%+6$*#4&'%2#$#'4,*%,*'#*4,$-2-,*;'<'#/'7+2$427&/'#*
("#'7"#-#'+#-"42+'/&'),%23&425$'2$%+6$*#4&8
T&/' 3#D' "*%#-' *#' #*%G' 7+#0"$%&$-,' *2' #*%,' *5/,' *#' -2,' &*6' 7,+("#' #+&$' $2V,*' <' 4,$*2-#+&' -2N642/
2)&02$&+'("#'#*%,'N"$42,$#'-#'/&')2*)&')&$#+&'#$'&-"/%,*;'7#+,'3#&),*'#/'*20"2#$%#'#*%"-2,8
J-d&+-' U#42' <' \24:&+-' \<&$' *,$' -,*' 2$3#*%20&-,+#*' ("#' :&$' -#-24&-,' *"' 32-&' &' #*%"-2&+' /&
),%23&425$' -#' /&*' 7#+*,$&*' #$' -2N#+#$%#*' I)12%,*8' U#42' 4,$-"Q,' #/' *20"2#$%#' #C7#+2)#$%,8' M,*
7&+%2427&$%#*'#+&$;'#*%&'3#D;'#*%"-2&$%#*'"$23#+*2%&+2,*8'J//,*'-#16&$'&+)&+'-2N#+#$%#*'N20"+&*'4,$'"$,*
4"1,*' j4"1,*' >,)&k?' "$,' -#' /,*' 0+"7,*' +#4212+6&' "$&' +#4,)7#$*&' #C%+6$*#4&' j-2$#+,k' 7,+' &+)&+
-2N#+#$%#*'-2*#V,*8'J/',%+,'0+"7,'$,'+#4212+6&'$&-&'7,+'&+)&+'/,*'-2*#V,*'4,$'/,*'4"1,*]g8
R)1,*'0+"7,*'&+)&+,$'/,*'),-#/,*'-"+&$%#')#-2&':,+&8'M"#0,;'#/'2$3#*%20&-,+'/#*'&32*5'("#'#/

#C7#+2)#$%,' :&16&' `%#+)2$&-,a' <' *#' +#%2+5' 7,+' ,4:,' )2$"%,*8' J$' +#&/2-&-;' &("6' #*' 4"&$-,' #/
#C7#+2)#$%,'2$242&1&8'!,),'7"#-#$'3#+'#$'/&'2/"*%+&425$']f;'#$'/&'*&/&':&16&'"$&'4I)&+&'-#'32-#,
N2/)&$-,'/,'("#'*"4#-6&8'R-#)I*':&16&'"$&'*#+2#'-#'+#32*%&*'("#'4"1+6&$'-2N#+#$%#*'2$%#+#*#*8'M,'("#
*#'("#+6&',1*#+3&+'#+&'/,'("#':&46&$'/&*'7#+*,$&*'-"+&$%#'#*%,*',4:,')2$"%,*;')2#$%+&*'#*7#+&1&$'("#
+#0+#*&+&' #/' 2$3#*%20&-,+8' J/' ,1Q#%23,' #+&' 3#+' ("G' 0+"7,' #/#06&' 4,$%2$"&+' &+)&$-,' /,*' ),-#/,*
-"+&$%#'#*#'%2#)7,'#$'3#D'-#'-#-24&+*#'&'/##+8'J*'-#42+;'("#+6&$'-#*4"1+2+'("G'0+"7,'#*%&1&'),%23&-,
2$%+6$*#4&)#$%#'<'&+)&1&'/,*'4"1,*'*2$'#*7#+&+'+#4,)7#$*&*8

+'&5%-"/01,)*H

+'&5%-"/01,)*J

M,*' +#*"/%&-,*' 4,2$42-2#+,$' 4,$' /&' 2$3#*%20&425$' -#' /,*' $2V,*' -#' 7+##*4,/&+8' M&' )&<,+6&' -#' /&*
7#+*,$&*'&'/&*'("#'*#'/#*'7&05'7,+'&+)&+'/,*'-2*#V,*'7&+5'<'7+#N2+25'/##+'+#32*%&*'j2/"*%+&425$']ik8'J$
4&)12,;'/&')&<,+6&'-#'7#+*,$&*'-#/'0+"7,'&/'("#'$,'*#'/#'7&05;'#*'-#42+;'("#'$,'*#'/#'-2,'"$'2$4#$%23,
#C%+6$*#4,;'7+#N2+25'4,$%2$"&+'&+)&$-,'4"1,*8'=$&'3#D')I*;'*#'7"#-#',1*#+3&+'45),'/&'),%23&425$
#C%+6$*#4&')#+)&'/&'),%23&425$'2$%+6$*#4&8'>#':&$':#4:,'42#$%,*'-#'#*%"-2,*'*2)2/&+#*;'4,$'-2N#+#$%#*
)"#*%+&*' -#' &-"/%,*;' #)7/#&$-,' -23#+*&*' %&+#&*' <' -2N#+#$%#*' +#4,)7#$*&*;' <' #$' %,-,*' /,*' 4&*,*
4"&$-,'*#'&*20$&'"$'2$4#$%23,'#C%+6$*#4,'*#')#+)&'/&'),%23&425$'2$%+6$*#4&]^8
T&/'3#D'*#'#*%G'7+#0"$%&$-,'/,'*20"2#$%#?'EL,+'("G'*2'42#$%,*'-#'#*%"-2,*'-#)"#*%+&$'#*%&'%#,+6&;'/&*
#)7+#*&*' *20"#$' -&$-,' %&$%,' 2$4#$%23,' #C%+6$*#4,H' EL,+' ("G' /,*' 4,/#02,*' *20"#$' 1&*&$-,' %,-,' *"
*2*%#)&'-#'),%23&425$'#$'1&*#'&/'2$4#$%23,'#C%+6$*#4,'-#'/&'$,%&H'EL,+'("G'%&$%,*'7&-+#*'+#4"++#$'&
-&+'7+#)2,*'-#'%,-,'%27,'7&+&'#*%2)"/&+'&'*"*':2Q,*;'&"$'4"&$-,'*"*':2Q,*'7"#-#$'#*%&+'<&'),%23&-,*
2$%+6$*#4&)#$%#H
9,+)&/)#$%#;' #/' )"$-,' &4&-G)24,' 0#$#+&' %#,+6&*' <' #/' )"$-,' +#&/' -#' /&' #)7+#*&' <' -#' /&*
2$*%2%"42,$#*' /&*' &-,7%&' <' &7/24&8' L,+' #Q#)7/,;' #/' 4,$4#7%,' 8#7#'6&9$ )63+&6#+9$ $&425' -#' /&*
2$3#*%20&42,$#*'-#'c&7/&$'<'9,+%,$b['#$'/,*'&V,*'$,3#$%&'<'*#':2D,'7,7"/&+'4,$'"$'&+%64"/,'#*4+2%,
7,+' c&7/&$' <' 9,+%,$' #$' #/' &V,' ]^^b8' X,<' #$' -6&' *,$' 7,4&*' /&*' #)7+#*&*' ("#' $,' "*&$' #*%&
)#%,-,/,06&' 7&+&' )#-2+' /&' #Q#4"425$' -#' *"' #*%+&%#02&8' J$' )2' ,72$25$;' #/' 8#7#'6&9$ )63+&6#+9' N"#

&-,7%&-,' NI42/)#$%#' 7,+' /&*' #)7+#*&*' 7,+("#' #*' "$&' :#++&)2#$%&' 4,$*%+"2-&' *,1+#' /&' 4+##$42&
&4#7%&-&'<'4,)7&+%2-&'-#'("#'#*'2)7,+%&$%#')#-2+'2$-24&-,+#*'#$'/&*',+0&$2D&42,$#*8
J/' 4,$4#7%,' -#' ("#' /&' ),%23&425$' #C%+6$*#4&' )#+)&' /&' ),%23&425$' 2$%+6$*#4&' %2#$#' <&' )I*' -#
4"&+#$%&' &V,*' -#' 2$3#*%20&42,$#*' <' %,-&36&' $,' #*' %,%&/)#$%#' &4#7%&-,' #$' /&*' #)7+#*&*' <
,+0&$2D&42,$#*8'EL,+'("GH'T#$0,'&/0"$&*':275%#*2*?
o'JC2*%#'/&'4+##$42&'4,)7&+%2-&'#$'/&*'#)7+#*&*;'<'#$'/&'*,42#-&-'#$'0#$#+&/;'-#'("#'/,*'2$4#$%23,*'#C%+6$*#4,*'*,$'#/'7+2$427&/'),%23&-,+
-#'/&*'7#+*,$&*8
o'>2'/&*'4,*&*'*2#)7+#':&$'*2-,'&*6'<':&$'N"$42,$&-,;'E7&+&'("G'4&)12&+H
o'T,-,*'/,':&4#$;'-#1#'*#+'/,'4,++#4%,8

L#+,'#*%&'*2%"&425$'$,'*5/,',4"++#'#$'/&*'#)7+#*&*;'7,-#),*'3#+/&'%&)12G$'#$',%+&*'#*N#+&*'-#'/&
32-&8' J/' -#7,+%#' )I*' 7,7"/&+' #$' >"-&)G+24&' #*' #/' NB%1,/8' X&4#' 7,4,' 32' &' "$' 4:24,' ),%23&-,
2$%+6$*#4&)#$%#'7&+&'Q"0&+'NB%1,/;'"$'-#/&$%#+,'-#'-,4#'&V,*'4,$')"4:,'%&/#$%,8'>"'7&-+#'/#'-#46&?
`X2Q,;'7,+'4&-&'0,/'("#')#%&*'%#'7&0,'-2#D'-5/&+#*a8'J/'7&-+#'$,'*&16&'("#'/#'#*%&1&':&42#$-,'-&V,'&
/&'),%23&425$'2$%+6$*#4&'-#/'Q,3#$8
J*%,' ,4"++#' )"4:&*' 3#4#*' #$' %,-,*' /,*' -#7,+%#*' 4,)7#%2%23,*8' R/0"$,*' 7&-+#*' *"#/#$' -&+' "$
2$4#$%23,'#C%+6$*#4,'&'*"*':2Q,*'7,+'"$&'&4%232-&-'#$'/&'("#'G*%,*'<&'#*%I$'),%23&-,*'2$%+6$*#4&)#$%#
<' #*%,' %#+)2$&' )#+)&$-,' /&' ),%23&425$' 2$%+6$*#4&' -#' *"*' :2Q,*' 7&+&' :&4#+' -#7,+%#;' *2$' ("#' *#' -#$
4"#$%&8

;')/(,%-(').7)90)8(,(
!,),'#)7+#*&+2,'<')2#)1+,'N"$-&-,+'-#'/&'=$23#+*2-&-'L#+"&$&'-#'!2#$42&*'R7/24&-&*;'$"$4&':&16&'%#$2-,'1,$,*8
A2' ),%23&425$' #+&' 2$%+6$*#4&' %,%&/)#$%#;' )#' N&*42$&1&' /,' ("#' :&46&' #$' #/' +"1+,' -#' /&' #-"4&425$8' L#+,' :&4#' &/0"$,*
&V,*'#$'/&'"$23#+*2-&-;'4,),'/,':&4#$')2/#*'-#'#)7+#*&*;'/,*'*,42,*'-#42-2),*'&*20$&+$,*'1,$,*'7,+'4")7/2)2#$%,'-#
,1Q#%23,*8'\#4"#+-,'("#'*2'&/4&$D&1&')2*',1Q#%23,*;'21&'&'+#4212+'"$&'*")&'2$%#+#*&$%#8'J*%,'-#/'1,$,'#+&'"$&'$,3#-&7&+&')68'A#'("#-&1&$'4/&+,*')2*',1Q#%23,*'<'%+&1&QG'-"+,'7&+&'/,0+&+/,*8'A"4:,*'-#'/,*',1Q#%23,*'#*%&1&$'+#/&42,$&-,*
&/'%+&1&Q,'("#')#'#$4&$%&1&':&4#+;'&/0"$,*'*6'#+&$',1Q#%23,*'-#'%+&1&Q,'("#'$,'#*%&1&'),%23&-,'&'+#&/2D&+8'R/'N2$&/'-#/
&V,;'0&$G'#/'1,$,;'7#+,'$,')#'*#$%6&'),%23&-,'4,),'&$%#*;')#'*#$%6&'4,$%+,/&-,'7,+'#/'2$4#$%23,8'>#$%6&'("#')2'%+&1&Q,
)#'0"*%&1&')#$,*;'4,),'*2'/#':"12#+&$'("2%&-,'*"')&02&8

J/'4,)7,$#$%#'&4%23,'-#/'),%23&-,+'#C%+6$*#4,'("#')#+)&'/&'),%23&425$'2$%+6$*#4&'#*'("#'("2%&

&"%,$,)6&8'=$,')"<'NI42/)#$%#'7"#-#'*#$%2+*#'4,$%+,/&-,'7,+'#/'2$4#$%23,;'%&/'4,),')#'7&*5'&')6'<
4,),')"#*%+&'/&'2/"*%+&425$']Z8

+'&5%-"/01,)*S

9&-2#'-"-&'("#'#/'2$4#$%23,'#C%+6$*#4,'7"#-#'),%23&+8'K,'#*%&1&'),%23&-,'&'&/4&$D&+')2*')#%&*'<
0&$&+')2'1,$,;'7#+,'2)7&4%5')2'),%23&425$'2$%+6$*#4&8
AI*' &-#/&$%#' #$' #/' /21+,' +#0+#*&+#),*' &/' %#)&' -#' /,*' 1,$,*' <' -&+#),*' &/0"$&*' *"0#+#$42&*' -#
45),')#Q,+&+'*"'#N#4%232-&-'<'+#-"42+'-&V,*'&'/&'),%23&425$'2$%+6$*#4&8

a%-(5)/(5%(5)75/(,.0.(5).7)'"
9(%0:"/01,)7[%-$,57/"

!P4$ 7&$ *+&%,'(G+#23)$ #$ #7,2'3)$ 9&$ 637&%43-$ /Q,O$ (&$ 23(45#$ #

&)(,94#+:$ 9&)%+#64#9#2&'(&$ 7#$ +&)*,&)(#$ 2#I3+4(#+4#$ )&+G$ 7#
'3(#$I$'3$&7$#23+$*3+$&7$#*+&'94J#R&B8
'$+*"&,*-)./$0

;')-7M)75#0-0%&"'
!"#$%&$'("#':&16&'"$'+#<'#*72+2%"&/'<'("#'%&)12G$'#+&')"<'+24,;'7#+,'*"*'%#*,+,*'/,*'%#$6&'0"&+-&-,*'#$'"$&'4"#3&
-,$-#' $&-2#' #$%+&1&8' =$&' 7#+*,$&' -#' /&' 4,+%#' /#' 2$*2*%6&' ("#' ("#+6&' 3#+' /&' 4"#3&' -#' /,*' %#*,+,*;' &' /,' ("#' #/' +#<' *#
$#0&1&'+,%"$-&)#$%#8'J/'4,+%#*&$,'2$*2*%25'%&$%,'#$'3#+'/,*'%#*,+,*'("#'#/'+#<'/#'7/&$%#5'"$'+#%,?
@J*%I'12#$;'%#'//#3,'&'3#+')2*'%#*,+,*;'7#+,'4,$'"$&'4,$-2425$;'3&*'4&+0&$-,'"$&'3#/&;'7#+,'*2'/&'3#/&'*#'&7&0&'%#
)&$-,'&')&%&+8
M&'7#+*,$&'-#'/&'4,+%#'%#$6&'%&$%&*'0&$&+'-#'3#+'/,*'%#*,+,*'("#'&4#7%5'#/'-2N642/'+#%,8
J/'+#<'#$%+5'#$'/&'4"#3&'<'#)7#D5'&'),*%+&+/#'%,-&*'/&*'Q,<&*;'/,*'1/,("#*'-#',+,;'7/&%&;'*"*'0#)&*'7+#42,*&*;'#$%+#
,%+,*'%#*,+,*8'A2#$%+&*'#/'+#<'21&'#C7/24&$-,'4&-&'%#*,+,;'#/'4,+%#*&$,'4&+0&1&'/&'3#/&;')"<'4,$4#$%+&-,'#$'("#'/&'3#/&
$,'*#'&7&0&+&'<'7#+-2#+&'*"'32-&8'R/'N2$&/'-#'/&'32*2%&;'#/'+#<'/#'7+#0"$%&'&/'4,+%#*&$,?
@EF"G'%#'7&+#42#+,$')2*'%#*,+,*H
@M&'3#+-&-')2'+#<'#*'("#'$,'7"-#'3#+/,*;'#*%"3#'%&$'4,$4#$%+&-,'#$'("#'$,'*#'4&<#+&'"$&'0,%&'-#'4#+&'("#'$,
7"-#'3#+'$&-&'@+#*7,$-25'#/'4,+%#*&$,8
@U#' /&' )2*)&' N,+)&;' #*%,<' %&$' 4,$4#$%+&-,' #$' )&$%#$#+' )2' 3#/&' #*72+2%"&/' 2$%#+2,+' 7+#$-2-&' ("#' $,' /#' 7+#*%,
&%#$425$'&')2*'%#*,+,*'@+#*7,$-25'#/'+#<8

A2//,$#*'-#'#*%"-2&$%#*'#*%I$'#$'#/'4,/#02,'%&$'2$%#+#*&-,*'#$'("#'/&'`3#/&a'-#'*"*'$,%&*'*#&'1"#$&
,'#$'("#'$,'*#'&7&0"#'<'/,*'+#7+"#1#$;'("#'$,'&7+#$-#$'/,*'4,$%#$2-,*'-#'/&'4"#3&'-#/'4,$,42)2#$%,8
9,'%#$0,'-"-&'-#'("#'/&*'$,%&*':&4#$'("#'/,*'&/")$,*'#*%"-2#$;'("#'-#*&++,//#$'-2*427/2$&;'("#'*#&$
7#+*#3#+&$%#*8'A2*'-"-&*'*,$'4"I$%,'&7+#$-#$'<'#$'("G')#-2-&'/&*'$,%&*'&<"-&$'&'N,+)&+'&/")$,*
&"%5$,),*'("#'-2*N+"%#$'#/'&7+#$-2D&Q#8
>#'+#&/2D5'"$'#*%"-2,b]'#$'-,$-#'&'-2N#+#$%#*'0+"7,*'-#'#*%"-2&$%#*'*#'/#*'-&1&'"$&'/#4%"+&'<'&'4&-&
0+"7,'*#'/#'-2#+,$'-2N#+#$%#*'2$*%+"442,$#*8'R/'7+2)#+'0+"7,'*#'/#'-2Q,?'`M"#0,'-#'("#'%#+)2$#$;'/#
:&+G'&'4&-&'"$,'&/0"$&*'7+#0"$%&*'*,1+#'#/'%#C%,8'9,'*#+I'"$'#C&)#$'<'$,'7,$-+G'"$&'$,%&8'>5/,'#*%,<

2$%#+#*&-,'#$'/,'("#'/,*'&/")$,*'+#4"#+-&$'-#'/,*'%#C%,*8'M##'#/'%#C%,'-#'/&')&$#+&'#$'("#'*#&')#Q,+
7&+&'%2a8
R/',%+,'0+"7,'*#'/#'-2Q,?'`M"#0,'-#'("#'%#+)2$#$;'/#*'3,<'&'%,)&+'"$'#C&)#$'2$-232-"&/8'F"2#+,
3#+'4"I$%,'7"#-#$'+#4,+-&+8'U#1#$'%+&1&Q&+'%&$'N"#+%#'4,),'7"#-&$'7,+("#'/#'7,$-+G'"$&'$,%&'&'*"
#C&)#$'7&+&'3#+'*2'#*%I$'&7+#$-2#$-,'/,'*"N242#$%#a8
J$'"$&'*#0"$-&'*#*25$;'"$'#C7#+2)#$%&-,+'N"#'&'/,*'*&/,$#*'-#'4/&*#'<'/#*'7+#0"$%5'&4#+4&'-#'/,
("#'+#4,+-&1&$'-#/'%#C%,'("#':&16&$'/#6-,'/&'*#)&$&'&$%#+2,+8'>#'/#*'#3&/"5'%&$%,'/,*'4,$4#7%,*'("#
:&16&$'&7+#$-2-,'&*6'4,),'#/'&7+#$-2D&Q#')#),+6*%24,8'M,*'+#*"/%&-,*'N"#+,$'2$%#+#*&$%#*8'J/'0+"7,
&/'4"&/'*#'/#'-2Q,'("#'/#<#+&'7,+("#'21&'&'*#+'#3&/"&-,'j4,$'$,%&k'%"3,')#$,+'2$%#+G*'7,+'/&'/#4%"+&'<
)&<,+' *#$*&425$' -#' 7+#*25$8' R"$("#' #/' 0+"7,' #3&/"&-,' /,0+5' "$' )&<,+' &7+#$-2D&Q#' )#),+6*%24,;
%"3,' )#$,+' &7+#$-2D&Q#' 4,$4#7%"&/8' M,' )I*' 2$%#+#*&$%#' N"#' ("#' *#' :2D,' "$&' $"#3&' #3&/"&425$' /&
*20"2#$%#'*#)&$&'<'#/'0+"7,'#3&/"&-,'j4,$'$,%&k'N"#'#/'("#')I*',/32-5'/,'&7+#$-2-,'#$'4,)7&+&425$
4,$'/,'("#':&16&'+#*7,$-2-,'/&'*#)&$&'&$%#+2,+8
>#0"+,' &' "*%#-' /#' :&' 7&*&-,' &/0"$&' 3#D' #$' *"' 32-&' &/0,' *2)2/&+' &/' #*%"-2,' )#$42,$&-,8' L,+
#Q#)7/,;'#$'#CI)#$#*'7&+42&/#*','N2$&/#*'-,$-#'*2#$%#'("#'%2#$#'("#'#*%"-2&+'),%23&-,'*,/&)#$%#'7,+
/&' $,%&' ("#' ("2#+#' ,1%#$#+;' #*' 7+,1&1/#' ("#' &' /&' *#)&$&' -#' :&1#+' +#$-2-,' #/' #C&)#$' $,' +#4"#+-#
$&-&8
M&' ),%23&425$' #C%+6$*#4&' $,' *5/,' 7"#-#' +#-"42+' #/' &7+#$-2D&Q#;' %&)12G$' 7"#-#' +#-"42+' /&
4+#&%232-&-8' JC2*%#' )"4:&' #32-#$42&' ("#' *#V&/&' ("#' /&*' 7#+*,$&*' *,$' )I*' 4+#&%23&*' 4"&$-,' #*%I$
2$%+6$*#4&)#$%#' ),%23&-&*' <' $,' #C%+6$*#4&)#$%#' ),%23&-&*' 7,+' /&*' $,%&*;' 7,+' /&' 4,)7#%#$42&' #$%+#
4,)7&V#+,*;'#$%+#',%+,*bb8
R)&12/#bY' 4,$*2-#+&' ("#' #*' 7+#42*&)#$%#' /&' ),%23&425$' 2$%+6$*#4&' /&' ("#' 7"#-#' %#$#+' "$' #N#4%,
*20$2N24&%23,' #$' /&' 4+#&%232-&-8' J$' "$' #C7#+2)#$%,' &' "$' 0+"7,' -#' #*%"-2&$%#*' "$23#+*2%&+2,*' *#' /#*
72-25':&4#+'"$&'%&+#&'&+%6*%24&'("#'4,$*2*%2#+&'#$'"$'6377#%&'-#'7&7#/8'R'/&')2%&-'-#'/,*'#*%"-2&$%#*'*#
/#*' &*20$5' &/#&%,+2&)#$%#' &' "$' 0+"7,' &/' ("#' *#' /#' ,N+#46&' "$&' +#4,)7#$*&' j-2$#+,k' 7,+' :&4#+' #/
6377#%&;'<'&'/&',%+&')2%&-'*#'/#'&*20$5'&'"$'0+"7,'#$'#/'("#'*5/,'*#'/#*'72-25'("#':242#+&$'/&'&4%232-&-8
M,*' #*%"-2&$%#*' ("#' :&16&$' :#4:,' "$' 4,$%+&%,' 7&+&' +#&/2D&+' /&' &4%232-&-' 4,$' #/' N2$' -#' ,1%#$#+' /&
+#4,)7#$*&' #C:212#+,$' $23#/#*' *20$2N24&%23&)#$%#' )#$,+#*' -#' 4+#&%232-&-' #$' *"*' 6377#%&)' #$
4,)7&+&425$'4,$'#/',%+,'0+"7,8'J/':#4:,'-#',N+#4#+'"$'`)#-2,sN2$a'-#'%+&1&Q,'j`X&D'#*%&'%&+#&'4,),
"$')#-2,'7&+&'#/'N2$'-#',1%#$#+'#*%&'+#4,)7#$*&ak':&16&'+#-"42-,'*"'4+#&%232-&-8'L,+',%+,'/&-,;'#/
,%+,'0+"7,'$,'),*%+5'-2*)2$"425$'#$'/&'4+#&%232-&-8
J$',%+,'#*%"-2,'+#&/2D&-,'%&)12G$'7,+'R)&12/#bf;'*#'/#'72-25'&'"$'0+"7,'-#'3#2$%2%+G*'&+%2*%&*'("#
*#/#442,$&+&$' &/' &D&+' -2#D' -#' *"*' ,1+&*' +#&/2D&-&*' 7,+' #$4&+0,' j&' 7#-2-,' <' 4,$' 7&0,k' <' ,%+&*' -2#D
,1+&*'+#&/2D&-&*'7,+'7+,72&'3,/"$%&-O'#*'-#42+;',1+&*'("#'N"#+,$'72$%&-&*'7,+'2$242&%23&'7+,72&'<'$,

7,+' &%#$-#+' &/0B$' 7#-2-,8' M"#0,;' #*%&*' 72$%"+&*' N"#+,$' #$%+#0&-&*' &' "$' 0+"7,' -#' #C7#+%,*;' *2$' ("#
*"72#+&$'("#'*#'%+&%&1&'-#'"$'#*%"-2,'$2'-#'45),'N"#+,$'*#/#442,$&-&*'/&*',1+&*8'M,'("#'#$4,$%+&+,$
#*' ("#' /&*' 72$%"+&*' +#&/2D&-&*' 7,+' #$4&+0,' j&' 7#-2-,' <' 4,$' 7&0,k' N"#+,$' #3&/"&-&*' 4,),' )#$,*
4+#&%23&*8' A"4:,*' #*%"-2,*' #$4"#$%+&$' 4,$*2*%#$%#)#$%#' ("#' /&*' 7#+*,$&*' 0#$#+&$' )I*' 2-#&*
,+202$&/#*'4"&$-,'#*%I$')I*'2$%+6$*#4&)#$%#'),%23&-&*'("#'#C%+6$*#4&)#$%#'),%23&-&*bi8
M&'),%23&425$'#C%+6$*#4&'%&)12G$'7"#-#'+#-"42+'$"#*%+&'7#+*#3#+&$42&8'J$'"$'#*%"-2,'+#&/2D&-,'7,+
L#//#%2#+bZ'*#'#3&/"5'&'"$'0+"7,'-#'%+#*42#$%,*'*#*#$%&'<'$"#3#'$&-&-,+#*'7+,N#*2,$&/#*'-#'!&$&-I8
M,*'2$3#*%20&-,+#*'/#*':242#+,$'*#0"2)2#$%,'-2#D'<'3#2$%2-5*')#*#*'-#*7"G*8'M&*'7#+*,$&*'("#'%#$6&$
),%23&425$' 2$%+6$*#4&' ),*%+&+,$' )&<,+' 7#+*2*%#$42&' <' -#-24&425$' &' *"*' #$%+#$&)2#$%,*' #$' &)1,*
4,$%+,/#*'-#'%2#)7,8'M,*'$&-&-,+#*'("#'#$%+#$&1&$'7,+'),%23&425$'#C%+6$*#4&'7+#*#$%&+,$')&<,+#*
%&*&*' -#' -#*#+425$' #$' #/' %2#)7,8' M&' ),%23&425$' 2$%+6$*#4&' #$' /,*' -#7,+%#*' #*' "$,' -#' /,*' )#Q,+#*
7+#-24%,+#*'-#/'-#*#)7#V,'<'7#+*2*%#$42&bh8
\<&$' <' U#42' jb[[[k' +#N2#+#$' ("#' *,$' )"4:,*' /,*' 1#$#N242,*' -#' /&*' 7#+*,$&*' ("#' %2#$#$' )&<,+
),%23&425$' 2$%+6$*#4&' #$' 4,)7&+&425$' &' /&*' 7#+*,$&*' 4,$' ),%23&425$' #C%+6$*#4&8' R*6;' /&*' 7#+*,$&*
("#' %2#$#$' "$&' ),%23&425$' )I*' &"%5$,)&' j2$%+6$*#4&k;' #$' 4,)7&+&425$' 4,$' &("#//,*' ("#' %2#$#$' "$&
),%23&425$' )I*' 4,$%+,/&-&' j#C%+6$*#4&k;' )"#*%+&$' "$' +#02*%+,' 2)7+#*2,$&$%#' -#' #N#4%,*' 7,*2%23,*;
#$%+#'/,*'("#'*#'7"#-#$'*#V&/&+?')I*'2$%#+G*;'#$%"*2&*),'<'4,$N2&$D&;'/,'("#'*#'%+&-"4#'#$'"$')#Q,+
-#*#)7#V,;')&<,+'7#+*2*%#$42&'<'4+#&%232-&-bg;')&<,+'&"%,#*%2)&b^;')&<,+'+#$-2)2#$%,'&4&-G)24,Y[;
)&<,+'32%&/2-&-Y]'<'12#$#*%&+'#$'0#$#+&/Yb8
S%+&' 4,$-"4%&' ("#' :&' *2-,' #*%"-2&-&' #*' /&' -#' /&' 4,72&;' /&' 4"&/' *#' :&' 2$4+#)#$%&-,' -"+&$%#' /,*
B/%2),*'42$4"#$%&'&V,*YY8'J$'/,*'&V,*'4"&+#$%&;'&/+#-#-,+'-#/'b['7,+'42#$%,'-#'&/")$,*'"$23#+*2%&+2,*
4,$N#*&1&':&1#+'7/&02&-,'#$'/&')#-2&;')2#$%+&*'("#'#$'/&'&4%"&/2-&-'#$%+#'#/'hi'7,+'42#$%,'<'#/'^g'7,+
42#$%,'-#'#*%"-2&$%#*'"$23#+*2%&+2,*'&-)2%#$':&1#+*#'4,72&-,')2#$%+&*'4"+*&1&$'/&'#$*#V&$D&')#-2&8
M&' 2$3#*%20&425$' #$' &/")$,*' #$%+#' -,4#' <' 4&%,+4#' &V,*' #$4"#$%+&' ("#' #C2*%#' "$&' )&<,+' ),%23&425$
7&+&'4,72&+'7,+("#':&<'"$')&<,+'G$N&*2*'#$'/&*'$,%&*8'>2'12#$')"4:,*'72#$*&$'("#'#*%I')&/':&4#+/,;
/,' Q"*%2N24&$' 7,+' #/' :#4:,' -#' ,1%#$#+' "$&' 1"#$&' $,%&Yf8' W*%#' #*' "$' #Q#)7/,' -#' 45),' "$' ),%23&-,+
#C%+6$*#4,'7"#-#'//#3&+%#'&'%#$#+'4,)7,+%&)2#$%,*'2$&-#4"&-,*8
X#),*' 7+#*#$%&-,' 7+"#1&*' -#' ("#' /&' ),%23&425$' #C%+6$*#4&' %2#$#' 4,*%,*O' *2$' #)1&+0,;' #*' /&
),%23&425$')I*'"%2/2D&-&'#$'#/')"$-,'-#'/&'#)7+#*&'<'#$'/&'#-"4&425$8'!"&$-,'$,*'#$4,$%+&),*'4,$
"$&'+#&/2-&-'("#'$,'4,2$42-#'4,$'$"#*%+&*'4+##$42&*;'%#$#),*'-,*'4&)2$,*?','*2)7/#)#$%#'20$,+&),*
/&' +#&/2-&-' @#*' -#42+;' /&' #32-#$42&' ),*%+&-&@' ,' 4&)12&),*' $"#*%+&*' 4+##$42&*' 7&+&' &-&7%&+$,*8
J*7#+,'("#'/,*'/#4%,+#*'%,)#$'#/'*#0"$-,'4&)2$,8

T,)/('7B0()50,),(%"
J/' -2+#4%,+' <' /,*' 7+,N#*,+#*' -#' "$' 4,/#02,' #*%&1&$' )"<' 7+#,4"7&-,*' 7,+' /,*' #N#4%,*' $#0&%23,*' -#' /,*' ),%23&-,+#*
#C%+6$*#4,*;'7,+'/,'("#':242#+,$'"$'#C7#+2)#$%,'-"+&$%#'"$'*#)#*%+#8'!+#&+,$'"$'7+,0+&)&',7%&%23,'-#'%#+4#+,'<'4"&+%,
)#-2,8' J$' #*%#' 7+,0+&)&' :&16&' 3&+2&*' -2N#+#$42&*' 4,$' #/' 7+,0+&)&' $,+)&/' <&' ("#' /,*' &/")$,*' *#' #3&/"&1&$
-2&+2&)#$%#'#$'*"'#*N"#+D,;'+#*"/%&-,*'<'#//,*')2*),*'*#'7,$6&$'$,%&'#$'/,*'-2N#+#$%#*'+&),*8'M"#0,;'4&-&'-,*')#*#*;
+#32*&1&$'*"*'&7"$%#*'<'*#'7,$6&$'/&'$,%&'7&+&'#/'%+2)#*%+#8'J/'7+,N#*,+'%&)12G$'/,*'#3&/"&1&'#$'1&*#'&'*"'7#+4#7425$8
\#*"/%&'("#'#$'#/'^['7,+'42#$%,'-#'/,*'4&*,*;'/&*'4&/2N24&42,$#*'-#'/,*'&/")$,*'N"#+,$')I*'1&Q&*'("#'/&*'-#/'7+,N#*,+8
!"&$-,' $,' :&16&' 4,2$42-#$42&;' #/' 7+,N#*,+' 4,$3#+*&1&' 4,$' #/' &/")$,' &4#+4&' -#' /&' $,%&' ("#' )#+#46&8' !,$' #*%&
)#%,-,/,06&;' ("2%&+,$' #/' ),%23&-,+' #C%+6$*#4,' -#' /&' $,%&' <' /&' 4&/2N24&425$' *5/,' *#+36&' 7&+&' ("#' #/' &/")$,' *#
+#%+,&/2)#$%&+&;'4,),'"$&'2$N,+)&425$'-#'45),'21&'*"'-#*#)7#V,8
R/'("2%&+'#/'N,4,'#C%+6$*#4,':&42&'/&'$,%&'4&)125'+&-24&/)#$%#'/&'),%23&425$;'/,*'4:24,*'&:,+&'#*%"-2&1&$'-#'&4"#+-,
&' *"*' %&/#$%,*' <' /#*' &7&*2,$&1&' &7+#$-#+8' K,' #*%"3#' 7#+*,$&/)#$%#' %+#*' 3#4#*' -24%&$-,' 4,$N#+#$42&*' &' #*%#' 7#("#V,
0+"7,' -#' &/")$,*' <' )#' ("#-G' 2)7+#*2,$&-,' -#' /&*' 0&$&*' -#' &7+#$-#+' ("#' %#$6&$8' R:,+&' #/' 4,/#02,' :&' &)7/2&-,' #/
7+,0+&)&'&',%+,*'4"+*,*'<')"4:,*'&/")$,*'*#'#*%I$'7&*&$-,'&'#*%&',7425$8

K):7/75)&,)9(%0:".(-)7[%-$,57/(
#&7.7)57-),7/75"-0(

!S3$ A#I$ *+387&2#$ &'$ ,)#+$ 23(45#93+&)$ &T(+@')&63)$ 6,#'93$ )&

'&6&)4(#'?$ &7$ *+387&2#$ 9&$ 2,6A3)$ R&L&)$ &)$ >,&$ )3'$ 73)$ U'463)
>,&$,)#'B8
'$+*"&,*-)./$0

;')B7-7,%7)6&7).7%75%"8")7')%79").7)'"5)#7-5(,"5
J/'0#+#$%#'0#$#+&/'-#'"$&'4,)7&V6&'-#')&$"N&4%"+&'%#$6&')"4:&*'N,+%&/#D&*;'#+&'"$&'7#+*,$&'&$&/6%24&;'$")G+24&;
&%#++2D&-&;'4,$4+#%&'<'#*%+&%G024&8'J/'0#+#$%#'/,0+&1&'1"#$,*'+#*"/%&-,*O'*2$'#)1&+0,;'#/'%#)&'-#'/&'7+#,4"7&425$'7,+
/&*'7#+*,$&*'$,'#*%&1&'#$'*"'+&-&+8'J/'4/2)&'/&1,+&/'#+&'+#0"/&+;':&16&'1&*%&$%#'+,%&425$'<')I*'2$42-#$%#*'-#'*#0"+2-&("#'/,'$,+)&/8
J/' 7+#*2-#$%#' <' -"#V,' -#' /&' #)7+#*&;' "$&' 7#+*,$&' )"<' ,+2#$%&-&' &' /&*' 7#+*,$&*;' /#' :&16&' 7#-2-,' #$' 3&+2&*
,7,+%"$2-&-#*'&/'0#+#$%#'("#'/#'7+#*%&+&'&%#$425$'&'/,*'%#)&*'-#'4/2)&'/&1,+&/;'7#+,'/&'3#+-&-'#*'("#'&'G*%#;'("2#$'%#$6&
"$&'N,+)&425$'#$'2$0#$2#+6&;'#*%,*'%#)&*'$,'/,'),%23&1&$8
U#*7"G*'-#'%+&%&+'-"+&$%#'%+#*'&V,*'("#'#/'0#+#$%#'4&)12&+&'-#'4,$-"4%&;'-#42-25'&7/24&+'"$'2$4#$%23,'#C%+6$*#4,8'M#
-2Q,'("#'&:,+&'*"'1,$,'&$"&/'-#7#$-6&'#$'i['7,+'42#$%,'-#'/&')#Q,+&'#$'/&'#$4"#*%&'-#'4/2)&'/&1,+&/'2$%#+$,8'R/'0#+#$%#
$,'/#'("#-5',%+&',7425$'("#'&4#7%&+'&'+#0&V&-2#$%#*'/&'7+,7"#*%&'-#'*"'Q#N#8
U"+&$%#' #/' &V,' #)7#D5' &' 7&+%2427&+' <' ,+0&$2D&+' &4%232-&-#*' -#' 4/2)&' /&1,+&/O' $,' /,' :&46&' 7,+("#' /#' 0"*%&+&;' *2$,
7,+("#'%#$6&'#$')#$%#'*"'1,$,8'!2#+%,'-6&'/#'%,45'-2*N+&D&+*#'#$'"$&'+#"$25$'4,$'%,-,'#/'7#+*,$&/;'4,*&'("#',-2&1&'<'/#
7&+#46&' 2$B%2/;' 7#+,' *20"25' /,*' 4,$*#Q,*' -#/' #("27,' -#' +#4"+*,*' :")&$,*8' W/' ("#+6&' *"' 1,$,8' R/' N2$&/' -#/' &V,' /,0+5' *"
,1Q#%23,8'M&'#)7+#*&')#Q,+5'#$'"$'bi'7,+'42#$%,'*"'4/2)&'/&1,+&/8
R/'*20"2#$%#'&V,;'#/'7+#*2-#$%#'/#'7"*,',%+,*',1Q#%23,*'<'$2$0"$,'#*%&1&'+#/&42,$&-,'4,$'#/'4/2)&'/&1,+&/O'*2$'#)1&+0,;
/#' 72-25' ("#' *20"2#+&' )#Q,+&$-,' #/' 4/2)&8' J*%&' 3#D' $,' #*%&1&' ),%23&-,' 7,+' #/' 1,$,;' *2$,' 7,+("#' *&16&' ("#' -#1#+6&
:&4#+/,8
>20"25'`-#%#*%&$-,a'7&+%2427&+'#$'+#"$2,$#*;'-2*N+&D&+*#'<',%+&*'4,*&*'4+#&%23&*'<'-#'&4#+4&)2#$%,'&'/&'0#$%#;'7#+,
20"&/'/,':&46&'),%23&-,'7,+'/,'("#'*"'Q#N#'#*7#+&1&'-#'G/8'R/'N2$&/'-#/'&V,;'*"'4/2)&'/&1,+&/')#Q,+5'"$'Y['7,+'42#$%,'4,$
+#*7#4%,'&/'&V,'7&*&-,'<',1%"3,'#C%+&,+-2$&+2,*'+#*"/%&-,*8
J/' 4/2)&' /&1,+&/' -#' /&' #)7+#*&' #+&' 1"#$,' <' *#' 3236&' ,%+,' &)12#$%#8' J/' 0#+#$%#' N2$&/)#$%#' #$%#$-25' ("#' :&16&' "$&
+#/&425$'4,$4+#%&'#$%+#'#/'4/2)&'/&1,+&/'<'/,*'+#*"/%&-,*8'R/'4,)2#$D,;'G/'4+#6&'("#'#+&$'&4%232-&-#*'("#'*5/,'*#':&46&$
7&+&'7#+-#+'#/'%2#)7,;'7#+,'&:,+&'/&*'3&/,+&1&8
J/' *20"2#$%#' &V,;' #/' 0#+#$%#' *#' )#%25' )I*' -#' //#$,' &' %+&1&Q&+' #/' 4/2)&' /&1,+&/8' >"' ),%23&425$' #+&' ("#' *&16&' ("#' /#
%+&#+6&' )#Q,+#*' +#*"/%&-,*8' T,-&36&' $,' /#' 0"*%&1&$' /&*' &4%232-&-#*;' 7#+,' /&*' :&46&' 7,+("#' *&16&' ("#' #+&$' 2)7,+%&$%#*
7&+&' /&' 4,)7&V6&8' !#++5' #/' &V,' $"#3&)#$%#' 4,$' #C%+&,+-2$&+2,*' +#*"/%&-,*' <' #*%"3,' #$%+#' /&*' 3#2$%242$4,' )#Q,+#*
#)7+#*&*'7&+&'%+&1&Q&+'#$'*"'7&6*8
J/'0#+#$%#'<&'$,'#+&'#/'-#'&$%#*;'*#':&16&'`*,/%&-,a;'&:,+&':&*%&'7,-6&'-2*N+"%&+'#/'-2*N+&D&+*#;'/#'0"*%&1&',+0&$2D&+

+#"$2,$#*'<'&4%232-&-#*'-23#+*&*'+#/&42,$&-&*'4,$'#/'4/2)&'/&1,+&/8'W/')2*),'+#4,$,46&'("#':&16&'4&)12&-,8
R/'*20"2#$%#'&V,'/&'),%23&425$'-#/'0#+#$%#'7,+'%+&1&Q&+'#$'#/'4/2)&'/&1,+&/'<&'#+&'2$%+6$*#4&8'>#'-23#+%6&'<'*#'),%23&1&
4,$'/&*'&4%232-&-#*'+#/&42,$&-&*'&'#*#'%#)&;'<&'$,'/,':&46&'7,+'"$'1,$,;','7,+("#'*"'Q#N#'/,'4,$*2-#+&+&'2)7,+%&$%#;',
7,+("#'G/'4+#<#+&'("#'#+&'2)7,+%&$%#8'M,':&46&'7,+("#'-2*N+"%&1&'/&'4#+4&$6&'4,$'/&'0#$%#'<'*#'*#$%6&')"<'4,)7#%#$%#
:&42#$-,' /&*' &4%232-&-#*8' J*#' &V,' /&' #)7+#*&' ("#-5' #$%+#' /&*' -2#D' #)7+#*&*' )I*' 2)7,+%&$%#*' 7&+&' %+&1&Q&+' <' %"3,
2$4+#61/#*'+#*"/%&-,*8

J$'#*%#'4&*,'@("#'#*'"$&':2*%,+2&'+#&/@'*#'/#'&*20$5'&/'0#+#$%#'"$'2$4#$%23,'#C%+6$*#4,'7,+("#'$,
%#$6&' $2$0"$&' ),%23&425$' j2$%+6$*#4&k' 7&+&' %+&1&Q&+' /,*' %#)&*' -#' 4/2)&' /&1,+&/8' !,),' /,' :#),*
4,)#$%&-,;'"$,'-#'/,*'4,*%,*'-#'"*&+'),%23&-,+#*'#C%+6$*#4,*'#*'("#'-&V&$'/&'),%23&425$'2$%+6$*#4&O
7#+,' *2' G*%&' $,' #C2*%#;' 4,),' #$' #/' 4&*,' &$%#+2,+;' $,' :&<' $&-&' ("#' -&V&+8' J*%&' 7#+*,$&' $,' #*%&1&
),%23&-&'7&+&'+#&/2D&+'#*%&*'&4%232-&-#*;'$,'/#'2$%#+#*&1&$8'n&/#'/&'7#$&'4,)#$%&+'("#'#$'#*%#'4&*,;
/&' N,+)&' -#' 1+2$-&+/#' #/' 2$4#$%23,' N"#' -#' ),-,' 4,$%+,/&-,+' j`*2' :&4#*' #*%,;' %#$-+I*' %"' 1,$,akO' *2$
#)1&+0,;'4,),'3#+#),*')I*'&-#/&$%#;'7,-+6&':&1#+*#'-&-,'-#',%+&')&$#+&'%&)12G$'j$,'4,$%+,/&-,+&
<'-#')&$#+&')I*'&"%5$,)&k;'/,'4"&/'N&3,+#4#'/&'),%23&425$8
JC2*%#' "$&' *#+2#' -#' %27,*' -#' ),%23&425$;' -#*-#' /&' -#*),%23&425$' &' /&' ),%23&425$' 2$%+6$*#4&;' %&/
4,),'*#')"#*%+&'#$'/&'2/"*%+&425$']h8'n&/#'/&'7#$&'4,)#$%&+'("#'$,'*20$2N24&'("#'%#$0&),*'("#'7&*&+
7,+' 4&-&' #*4&/5$' 7&+&' //#0&+' &' /&' ),%23&425$' 2$%+6$*#4&8' M,' )#Q,+' #*' *&/%&+' /,*' #*4&/,$#*;' &"$("#
G*%,*' $,*' &<"-&$' &' 2-#$%2N24&+' ("#' /&' ),%23&425$' 2$%+6$*#4&' #*' "$&' ),%23&425$' -#' )#Q,+' 4&/2-&-8
JC7/24&+#),*'4&-&'%27,'"*&$-,'#/'4&*,'&$%#+2,+?

+'&5%-"/01,)*V

G(%0:"/01,)7[%-$,57/")#(-)0,/7,%0:(5b/"5%0B(5c'J$'#/'4&*,'7+#*#$%&-,;'/&'7#+*,$&'*#'),%235'7,+'#/
2$4#$%23,'-#/'1,$,8'T&)12G$'*#'7,-+6&':&1#+'"*&-,'"$'4&*%20,;'4,),'"$&'&)#$&D&'-#/'7+#*2-#$%#'-#
("#' *2' $,' /#' 7+#*%&1&' &%#$425$' &/' 4/2)&;' *#+6&' -#*7#-2-,8' M,*' 4&*%20,*' <' &)#$&D&*' N"$42,$&$;' 7#+,
%2#$#$'4,*%,*'#*4,$-2-,*'("#'3#+#),*')I*'&-#/&$%#8
G(%0:"/01,) 7[%-$,57/") 0,%-(M7/%"."8' J/' *#0"$-,' &V,' #/' 7+#*2-#$%#' /#' ("2%5' #/' 1,$,' &/' 0#+#$%#
0#$#+&/;'7#+,'G*%#'*20"25'-I$-,/#'2)7,+%&$42&'&/'4/2)&'/&1,+&/'7,+("#'*&16&'("#'*"'Q#N#'#*7#+&1&'#*,
-#' G/8' M&' ),%23&425$' #C%+6$*#4&' 2$%+,<#4%&-&' *#' -&' 4"&$-,' /&*' 7#+*,$&*' :&4#$' "$&' &4%232-&-' 7,+' /&
&7+,1&425$' -#' /,*' -#)I*;' 7,+' 7+#*25$' -#' 0+"7,' ,' 7,+' 4"2-&+' /&' 2)&0#$' 7#+*,$&/;' 7,+' 4"/7&' ,
3#+0t#$D&'N+#$%#'&',%+,*8
G(%0:"/01,)7[%-$,57/")0.7,%0U0/"."c)J/'%#+4#+'&V,;'#/'0#+#$%#'*#0"6&':&42#$-,'&4%232-&-#*'-#'4/2)&
/&1,+&/;'7#+,'<&'$,'/&*':&46&'%&$%,'7,+("#'*"'Q#N#'/,'#*7#+&1&;'*2$,'7,+("#'*#':&16&'-&-,'4"#$%&'-#
("#' #+&' 2)7,+%&$%#8' M&*' &4%232-&-#*' $,' /#' 0"*%&1&$;' 7#+,' /&*' :&46&' 7,+("#' 4,$*2-#+&1&' ("#' #+&$
2)7,+%&$%#*'7&+&'#/'12#$'-#'/&'4,)7&V6&8'M&'),%23&425$'#C%+6$*#4&'2-#$%2N24&-&'*#'-&'4"&$-,'"$,'*#
2-#$%2N24&' 4,$' /&' 2)7,+%&$42&' -#' :&4#+' "$&' &4%232-&-' <' *#' ),%23&' &' :&4#+/&' 7,+("#' #*' &/0,' ("#

4,$*2-#+&'2)7,+%&$%#;'*20$2N24&%23,;'B%2/'<'#*%I'&/2$#&-,'4,$'*"*'3&/,+#*;'&"$("#'2$%+6$*#4&)#$%#'$,
#*%G'),%23&-,O'#*'-#42+;'&"$("#'$,'-2*N+"%#':&4#+'/&'&4%232-&-8
G(%0:"/01,)0,%-$,57/"8'J$'#*%#'4&*,;'#/'0#+#$%#'#)7#D5'&'-2*N+"%&+'/&*'&4%232-&-#*'-#'4/2)&'/&1,+&/;
/,':&46&'7,+("#'*#'-23#+%6&;'7,+("#'*#$%6&'/&'4&/2-#D'-#'/&*'7#+*,$&*'<'7,+("#'<&'*#'*#$%6&'4,)7#%#$%#
:&42G$-,/&*8'J/'0#+#$%#'&:,+&'<&':&16&'7&*&-,'&'&4%"&+'7,+'),%23&425$'2$%+6$*#4&8
J$'#*%#'#Q#)7/,;'#/'0#+#$%#'+#4,++25'%,-,*'/,*'#*4&/,$#*;'#$'/"0&+'-#'-&+'"$'*&/%,')I*'/&+0,;'<'*"
),%23&425$'*#'//#05'&'4,$3#+%2+'#$'2$%+6$*#4&8'L#+,'#*%,'$,',4"++#'#$'%,-,*'/,*'4&*,*8'X&<'7#+*,$&*
("#'$,'*#'),%23&$'7,+'"$&'&4%232-&-'&')#$,*'("#'#C2*%&$'2$4#$%23,*8'X&<'7#+*,$&*'("#'//#0&$'*5/,'&
/&'),%23&425$'#C%+6$*#4&'2$%+,<#4%&-&;'#*'-#42+;':&4#$'/&*'4,*&*'*5/,'7,+("#'#*'/,'("#'*#'#*7#+&'-#
#//&*;'7#+,'$,'-2*N+"%&$'/&'&4%232-&-8'A"4:,*'//#0&$'&'/&'),%23&425$'#C%+6$*#4&'2-#$%2N24&-&;':&4#$'/&*
4,*&*'7,+("#'/&*'4,$*2-#+&$'2)7,+%&$%#*;'$,'7,+("#'/#*'&7&*2,$#','-2*N+"%#$':&4#+/&*8'\#4"#+-#'("#
$,'#*'$#4#*&+2,'7&*&+'7,+'%,-,*'/,*'#*4&/,$#*;'/&'2-#&'#*'("#'%+&%#'-#'`*&/%&+a':&42&'/,*'#*4&/,$#*
)I*'&/%,*8
M&*'*20"2#$%#*'2/"*%+&42,$#*'0+&N24&$'4&-&'7&*,'#$'/&'#*4&/#+&?

+'&5%-"/01,)*W
I759(%0:"/01,4)YG7).")U'(]7-")/(--7-d)97)"8&-7d)97)/",5")M),()97)B&5%"Zc

+'&5%-"/01,)*X
G(%0:"/01,)7[%-$,57/")#(-)0,/7,%0:(5b/"5%0B(54)Y21'()/(--()#(-6&7)97)37)#-(97%0.()6&7)50)'()3"B().&-",%7)&,")579","d
97):(M)")#-790"-)/(,)&,
0e3(,7Zc

+'&5%-"/01,)EQ
G(%0:"/01,)7[%-$,57/")0,%-(M7/%"."4)Y21'()/(--()#(-6&7)%(.(5)905)"90B(5)/(--7,)M)7''(5)75#7-",)6&7)M()/(--"c)20),()'(
3"B(d)97)507,%()/&'#"8'7Zc

+'&5%-"/01,)E*
G(%0:"/01,)7[%-$,57/")0.7,%0U0/"."4)Y!(--()#(-6&7)5@)6&7)75)8&7,()#"-")90)5"'&.)M)75)09#(-%",%7)3"/7-'(d),()#(-6&7)97
B&5%7)()'().05U-&%7Zc

+'&5%-"/01,)EE
G(%0:"/01,)0,%-$,57/"4)Y!(--()#(-6&7d)/&",.()'()3"B(d)97)507,%()'08-7d)5(M)8&7,()3"/0@,.('()M)97).")&,")B-",)57,5"/01,
.7)807,75%"-Zc

K/%0:0.".
R' 4,$%2$"&425$' *#' 7+#*#$%&' "$' 4&*,' -#' ),%23&425$' N&)2/2&+8' J/' #Q#+4242,' 4,$*2*%#' #$' 2-#$%2N24&+' 4"I/#*' *,$' /,*
-2N#+#$%#*'%27,*'-#'),%23&425$'("#'*2#$%#'#/'7+,%&0,$2*%&8

>e(-)6&@)75%&.0(C
l)&06$#*#' ("#' //#0&' &' 4&*&' <' #$4"#$%+&' &' *"' :2Q,' :&42#$-,' /&*' %&+#&*' <' #*%"-2&$-,' 7&+&' #/' -6&' *20"2#$%#8' =*%#-' *#
&4#+4&'<'/#'7+#0"$%&?'`EX2Q,;'7,+'("G'#*%I*'#*%"-2&$-,Ha8
EF"G'%27,'-#'),%23&425$'%#$-+6&'#/':2Q,'*2'/#'4,$%#*%&'/,'*20"2#$%#H
@L&7I;'#*%"-2,'7,+("#'*2'$,'/,':&0,')2')&)I')#'4&*%20&+I'<'$,')#'-#Q&+I'Q"0&+'u228'mmmmmmmmmmmmmmmmmm
@L&7I;' #*%"-2,' 7,+("#' )#' -&+6&' 3#+0t#$D&' 4,$' /&' 7+,N#*,+&' *2' #*' ("#' $,' :&0,' /&' %&+#&8
mmmmmmmmmmmmmmmmmmmmmmm
@L&7I;'#*%"-2,'7,+("#'/,'("#'#*%,<'&7+#$-2#$-,'&:,+&'#$'#/'4"+*,')#'7&+#4#'B%2/O')#'3&'&'*#+32+'4"&$-,'3&<&),*'&
Q"0&+'NB%1,/'7,+("#'7,-+G'4&/4"/&+')#Q,+'/&*'-2*%&$42&*8'mmmmmmmmmmmmmmmmmmmmmmm
@L&7I;'#*%"-2,'7,+("#'+#&/)#$%#'#*%,<'-2*N+"%&$-,'/&*'4/&*#*;'/&'7+,N#*,+&':&4#'("#'/&'4/&*#'*#&'-23#+%2-&;'-#*72#+%&
)2'4"+2,*2-&-'<'#/'%2#)7,'*#')#'7&*&'3,/&$-,8'mmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmm

+'&5%-"/01,)EF

X&0&'"$&'7&"*&;'2-#$%2N2("#'#/'%27,'-#'),%23&425$'#$'4&-&'+#*7"#*%&'<'/"#0,'*20&'/#<#$-,8
!,),'7&-+#*;'4+##),*'*&1#+'("G'#*'/,')#Q,+'7&+&'$"#*%+,*':2Q,*8'K'N+#4"#$%#)#$%#'#//,*'$,'#*%I$
),%23&-,*'7&+&':&4#+'/,'("#'$,*,%+,*'4+##),*'("#'#*'/,')#Q,+'7&+&'#//,*8'>2)2/&+)#$%#;'4,),'Q#N#*;
%#$#),*' ,1Q#%23,*' #$' /,*' $#0,42,*' ("#' -#)&$-&$' -#' $"#*%+,*' 4,/&1,+&-,+#*' 42#+%&*' %&+#&*' ("#;
)"4:&*'3#4#*;'$,'/,*'),%23&$8'M,*'2$4#$%23,*','4&*%20,*'N"$42,$&$'#$'#*%&*',4&*2,$#*;'7#+,':&<'("#
*&1#+'45),'&7/24&+/,*'7&+&'+#-"42+'/,*'4,*%,*'#*4,$-2-,*;'4,),'3#+#),*'#$'#/'*20"2#$%#'4&76%"/,8

T,)B7-7,%7)"8&--0.(d)#7-()#(-)&,")/"&5")09#(-%",%7
F"2#+,'4,)#$%&+/#*'#/'4&*,'-#'"$'0#+#$%#'-#/'I+#&'-#'+#4"+*,*':")&$,*8'>"'7#+N2/'#+&'-#'4,+%#')I*'4+#&%23,'<'7,4,
#*%+"4%"+&-,;'7#+,'%#$6&'&'*"'4&+0,'#/'I+#&'-#'4&/2-&-'<')#Q,+&'-#'7+,4#*,*;'("#'+#("2#+#'&'"$&'7#+*,$&'`&%#++2D&-&a;
-#%&//2*%&' <' ,+0&$2D&-&8' J*%#' 0#+#$%#' #+&' 7+,),%,+' -#/' %#)&' -#' )#Q,+&' -#' 7+,4#*,*;' ("#' N2$&/)#$%#' *#' 2$*%&/5' #$' /&
4"/%"+&' -#' /&' 4,)7&V6&8' L#+,;' 7&+&' N,+)&+/&;' %#$6&' ("#' &*2*%2+' &' /&*' +#"$2,$#*;' -#' %+#*' :,+&*;' *,1+#' 7+#*#$%&425$' -#
2$-24&-,+#*'<'-#')#Q,+&'-#'7+,4#*,*8'!&-&'3#D'("#'%#$6&'#*%&'&4%232-&-'#$'/&'&0#$-&'/#'-&1&'-,/,+'-#'#*%5)&0,8'9,

%#$6&' /&' )I*' )6$2)&' 0&$&' -#' &*2*%2+' &' "$&' +#"$25$' #$' /&' 4"&/' *#' 3#6&$' -#%&//#*;' 7/&$#*;' 2$-24&-,+#*;' 7"#*' #*%#' %27,' -#
&4%232-&-'$,'#$4&Q&1&'4,$'*"*'N,+%&/#D&*8'>2$'#)1&+0,;'*2#)7+#'#*%&1&'7+#*#$%#'&"$("#'$,'/,'),%23&+&;'&"$("#'$,'/,
-2*N+"%&+&;'7,+("#'*&16&'("#'#+&'2)7,+%&$%#'7&+&'/&'#)7+#*&8

J$' #*%#' 4&*,;' #/' 0#+#$%#' //#05' &' %#$#+' "$&' ),%23&425$' #C%+6$*#4&' 2-#$%2N24&-&8' X&46&' /&*' 4,*&*
7,+("#'#+&$'2)7,+%&$%#*8'L#+,'$,'#*%&1&'),%23&-,'-#'N,+)&'2$%+6$*#4&'#$'#/'%#)&'-#'/,*'7+,4#*,*8'9,
*2#)7+#' #*' 7,*21/#' //#0&+' &' -2*N+"%&+' "$&' &4%232-&-;' $,' *2#)7+#' #*' 7,*21/#' //#0&+' &' /&' ),%23&425$
2$%+6$*#4&8'>2$'#)1&+0,;'*2'12#$'/&'),%23&425$'#C%+6$*#4&'2-#$%2N24&-&'*20"#'*2#$-,'#C%+6$*#4&;'G*%&'#*
-#')#Q,+'4&/2-&-'("#'/&*',%+&*'),%23&42,$#*'#C%+6$*#4&*8

N7.&/07,.()'(5)."f(5).7)'")9(%0:"/01,)7[%-$,57/"

!S3$ A#I$ 9,9#$ 9&$ >,&$ 7#$ 23(45#641'$ &T(+@')&6#$ (&$ 23(45#?$ *&+3
(#2*363$A#I$9,9#$9&$>,&$(&$>,4(#$748&+(#9$I$>,&$(&$63'(+37#B8
'$+*"&,*-)./$0

;')7]7/&%0:()#(/()#'",0U0/".(
v*4&+;' #/' 0#+#$%#' -#' 7+,-"4%,' -#' "$&' #)7+#*&' -#' 4,$*"),' )&*23,;' %#$6&' )"4:,*' %&/#$%,*?' #+&' )"<' 4+#&%23,;
2$0#$2,*,;'2$%"2%23,;'*,42&1/#;'#*7,$%I$#,;'N/#C21/#'<'/,0+&1&'1"#$,*'+#*"/%&-,*8'>2$'#)1&+0,;'#+&'-#'#*&*'7#+*,$&*')"<
#N24&4#*' 7#+,' 7,4,' #N242#$%#*;' ("#' 0#$#+&$' )"4:,' 4&,*' <' )&<,+#*' 4,*%,*' 7,+' N&/%&' -#' 7/&$2N24&425$8' >"' Q#N#;' #$' /&
#3&/"&425$' -#' *"' -#*#)7#V,;' /#' :&16&' -&-,' +#%+,&/2)#$%&425$' *,1+#' #/' %#)&' -#' /&' ,+0&$2D&425$;' 7#+,' #/' #Q#4"%23,' $,
4&)12&1&8'J/'+#*%,'-#'I+#&*'+#/&42,$&-&*'*#'("#Q&1&')"4:,'-#/'0#+#$%#'-#'7+,-"4%,'7,+'*"'7,4&'7/&$2N24&425$8'J$'*"
*#0"$-&'#3&/"&425$'-#'-#*#)7#V,;'*"'Q#N#'/#'-2Q,?
@v*4&+;'%#':#'42%&-,':,<'7&+&':&1/&+'-#'"$'%#)&'("#'7+#,4"7&;'%"'7/&$2N24&425$8'M&'3#+-&-'#*'("#'#*'"$'-#*&*%+#8
@>G' ("#' %#$0,' #*#' -#N#4%,' <' #*%,<' %+&%&$-,' -#' )#Q,+&+;' /,' ("#' 7&*&' #*' ("#' $,' )#' ),%23&' 7/&$2N24&+;' *2#$%,' ("#
72#+-,')2'%2#)7,'@)#$42,$5'#/'0#+#$%#'-#'7+,-"4%,8
@M&'3#+-&-'#*'("#'<&'/&',+0&$2D&425$'#*%I'4&$*&-&'-#'%"'-#*,+-#$;'#*%#'&V,'("#+#),*'3#+'4&)12,*O'*2'$,'/,':&4#*;
$,'7,-+G'0&+&$%2D&+'%"'7"#*%,8

J$'#*%#'4&*,;'#/'Q#N#'/#':&'&*20$&-,'"$'),%23&-,+'#C%+6$*#4,'&'"$'#Q#4"%23,'("#'$,'#*%&1&'),%23&-,
7&+&':&4#+'"$&'&4%232-&-?'7/&$2N24&+8'!,),'<&')#$42,$G'#$'#/'4&76%"/,'&$%#+2,+;'*2'/&'7#+*,$&'$,'#*%I
),%23&-&;'*#'7,-+6&'4,$*2-#+&+'&*20$&+/#'"$'2$4#$%23,'#C%+6$*#4,8'R'3#4#*'#/'2$4#$%23,'7"#-#':&4#+
("#'"$&'%&+#&'7,4,'2$%#+#*&$%#'*#'4,$32#+%&'#$'2$%#+#*&$%#8'J$'#*%#'4&*,;'#/'),%23&-,+'#C%+6$*#4,'#*'"$
4&*%20,'*2'$,':&4#'/,'("#'*#'#*7#+&'-#'G/8
EL#+,' /#' 7&+#4#' ("#' #/' 4&*%20,' #*%"3,' 12#$' &*20$&-,H' !,),' *#' 3#+I' )I*' &-#/&$%#;' "$' 4&*%20,
*2#)7+#'#*'4,$%+,/&-,+'<'-#1#'*#+'/&'B/%2)&'2$*%&$42&8'>2$'#)1&+0,;'$,'#*'/,'B$24,'`4,$%+,/&-,+a'-#/
-2I/,0,8'\#32*#),*'&:,+&'/&')2*)&'4,$3#+*&425$'4,$'"$'2$4#$%23,8

+'&5%-"/01,)EH

@v*4&+;'%#':#'42%&-,':,<'7&+&':&1/&+'-#'"$'%#)&'("#'7+#,4"7&;'%"'7/&$2N24&425$O'/&'3#+-&-'("#'#*'"$'-#*&*%+#8
@>G' ("#' %#$0,' #*#' -#N#4%,' <' #*%,<' %+&%&$-,' -#' )#Q,+&+;' /,' ("#' 7&*&' #*' ("#' $,' )#' ),%23&' 7/&$2N24&+;' *2#$%,' ("#
72#+-,')2'%2#)7,'@)#$42,$5'#/'0#+#$%#'-#'7+,-"4%,8
@J*%#'&V,':#'-#42-2-,',N+#4#+%#'"$'b['7,+'42#$%,'&-242,$&/'&'%"'1,$,'*2':&4#*'/,'("#'*#'#*7#+&'-#'%28'M&'3#+-&-'#*
("#'/&',+0&$2D&425$'<&'#*%I'4&$*&-&'-#'%"'-#*,+-#$'<'("#+#),*'3#+'4&)12,*8

ER:,+&'/#'0"*%&')I*H'>2$'-"-&'"$'2$4#$%23,'*"#$&')#Q,+'("#'"$'4&*%20,8'L#+,;'E#*%"3,'12#$'-&-,'#/
2$4#$%23,H
!,),':#),*')#$42,$&-,;'/,*'2$4#$%23,*','4&*%20,*'#C%+6$*#4,*':&4#$'("#'/&*'7#+*,$&*'*#'*2#$%&$

4,$%+,/&-&*8' !,),' )"#*%+&' /&' 2/"*%+&425$' bf;' &"$' #$' /&' 3#+*25$' -#/' 2$4#$%23,' /&' 7#+*,$&' #*%I
+#4212#$-,'5+-#$#*'7&+&':&4#+'&/0,'("#'$,'/#'0"*%&'<'#$'-,$-#'$,'%2#$#'-#+#4:,'&'-#42-2+'$&-&8'L,+
)I*' ("#' &' 3#4#*' 3#&),*' $#4#*&+2,' &*20$&+' /,*' ),%23&-,+#*' #C%+6$*#4,*;' :&<' ("#' %+&%&+' -#' ("#' /&
7#+*,$&'$,'3#&'%,%&/)#$%#'&N#4%&-&'*"'&"%,$,)6&8'J$',%+&*'7&/&1+&*;'#*'2)7,+%&$%#'#32%&+'),%23&+'&
"$&'7#+*,$&'<'&/')2*),'%2#)7,'-#*%+"2+'"$,'-#'/,*'),%23&-,+#*')I*'2)7,+%&$%#*'-#/'*#+':")&$,?'/&
&"%,$,)6&8
>"0#+#$42&*'-#'45),'&7/24&+'"$'),%23&-,+'#C%+6$*#4,'7&+&'("#'$,'*#'7#+421&'4,$%+,/&-,+8
]8'A,*%+&+'#)7&%6&8'\#4,$,4#+'("#'/&'&4%232-&-'7"#-#'*#+'&1"++2-&','+"%2$&+2&;','("#'$,'0#$#+&'),%23&425$8
b8'JC7/24&+'7,+'("G':&4#+'"$&'%&+#&'#*'2)7,+%&$%#8
Y8'U&+'&"%,$,)6&'@#$'/,'("#'*#&'7,*21/#@'7&+&'("#'/&*'7#+*,$&*'-2*#V#$'*"*'#*%+&%#02&*'7&+&'//#3&+/&*'&'4&1,8'J*4"4:&+'7+,7"#*%&*'-#
/&',%+&'7&+%#'<'-2*4"%2+'/&*'2-#&*'7+,72&*'<'-#'/&',%+&'7#+*,$&;'#*4"4:&+'+&D,$#*'<'//#0&+'&'-#42*2,$#*'4,$*#$*"&-&*'j7+,4"+&$-,'("#'*#&
*2#)7+#'&*6k8
f8'J32%&+'#/'"*,'-#'7&/&1+&*'4,$%+,/&-,+&*?'`-#1#*a;'`%2#$#*'("#Pa;'`*2'$,'/,':&4#*Pa;'`#*%I*',1/20&-,a;'#%48
i8'J32%&+'*#+'4,$%+,/&-,+'4"&$-,'*#',N+#4#'#/'2$4#$%23,8'9,'-#42+'#C7+#*2,$#*'4,),'`*2':&4#*'#*%,;'%#'-,<'&("#//,a','`*2'/,':&4#*'4,),
-#1#+6&*Pa8
Z8'J*')#Q,+'("#'/&*'+#4,)7#$*&*'*#&$'2$#*7#+&-&*'#'2$%&$021/#*8

J/'7+,1/#)&'#*'("#')"4:&*'3#4#*'*#'+#4"++#'&'/&*'+#4,)7#$*&*'%&$021/#*?'-2$#+,;'1,$,*;'7+#)2,*;
/2*%&*'-#':,$,+;'7/&$#*'-#'2$4#$%23,*;'4,)2-&Yi8
n,/32#$-,' &/' )2*),' 4&*,' -#/' 0#+#$%#' -#' 7+,-"4%,' ("#' /#' 4,*%&1&' 7/&$2N24&+;' &' 4,$%2$"&425$
7+#*#$%&),*'"$&'N,+)&')I*'&-#4"&-&'-#'-&+'"$'2$4#$%23,'#C%+6$*#4,?
g7U7
N7%-("'097,%"/01,4
`T#':#'42%&-,'7&+&'4,$3#+*&+'#/'%#)&'-#'/&'7/&$2N24&425$'#$'%"'%+&1&Q,a8
]8'L+#0"$%&+/#'&/'4,/&1,+&-,+'45),'*#'#3&/B&'4,$'+#*7#4%,'&'*"*':&12/2-&-#*'-#'7/&$2N24&425$8'R'7&+%2+'-#'&:6;':&<'-,*'7,*212/2-&-#*?'("#
#*%G$'-#'&4"#+-,','("#':&<&'("#'/,0+&+'"$'&4"#+-,8
b8'\#4,$,4#+'("#'/&'&4%232-&-'$,'0#$#+&'),%23&425$?'`M&'3#+-&-'#*'("#'#$%2#$-,'("#'%#'4"#*%&':&4#+'&/0,'("#'$,'%#'0"*%&8'A#'("#-&
4/&+,'("#'%#)&*'4,),'/&'7/&$2N24&425$'<'#/',+-#$;'&/'$,'0"*%&+%#;'+#*"/%&$'$,'*#+'%"*'7"$%,*'N"#+%#*;'$,'%#'),%23&$;'*#'%#':&4#'%#-2,*,'<
%#'&1"++#$a8'R/'*#$%2+*#'4,)7+#$-2-&;'/&'7#+*,$&'*#'*2#$%#'#*4"4:&-&'<'%,)&-&'#$'4"#$%&;'<'#*%,'+#-"4#'/&'*#$*&425$'-#'4,$%+,/'*,1+#
#//&8
Y8'JC7/24&+'7,+'("G'#*'2)7,+%&$%#?'`F"2#+,'#C7/24&+%#'("#'4"&$-,'%#'N&/%&'7/&$2N24&425$'<',+-#$'#$'%"'%+&1&Q,'&N#4%&*'&',%+&*'I+#&*'-#'/&
4,)7&V6&8' R")#$%&*' &/0"$,*' 4,*%,*' -#' /,*' 4"&/#*' ("2DI*' %B' $,' *#&*' 4,$*42#$%#8' L#+,' /,' )I*' 4,)7/24&-,' #*' ("#' 4,$' N&/%&' -#
7/&$2N24&425$;'$"#*%+,*'4/2#$%#*'*#'3#$'7#+Q"-24&-,*a8'R/'#C7/24&+'7,+'("G'#*'2)7,+%&$%#':&4#+'"$&'&4%232-&-','-#*&++,//&+'"$&':&12/2-&-;
*#'#)7,-#+&'#$'#*%#'4&*,'&/'0#+#$%#'-#'7+,-"4%,8'F"2DI*'#/'0#+#$%#'-#'7+,-"4%,'$,'#+&'%&$'4,$*42#$%#'-#'/&*'4,$*#4"#$42&*'-#'*"*
&4%,*8'T#$#+'2$N,+)&425$'$,*'7#+)2%#'-#42-2+'4,$')I*'4/&+2-&-'$"#*%+,*'&4%,*'<'N,)#$%&'/&'&"%,$,)6&8
f8'U&+'&"%,$,)6&'j:&*%&'-,$-#'*#&'7,*21/#k?'`EX&*'7#$*&-,'("G')G%,-,*'-#',+0&$2D&425$'<'7/&$2N24&425$'7,-+6&*'2$%#$%&+'7&+&')#Q,+&+'#$
#*,*'&*7#4%,*H'A#'#$4&$%&+6&'#*4"4:&+'%"*'2-#&*a8'M"#0,;'#*4"4:&+'&%#$%&)#$%#'*"*'7+,7"#*%&*'<'-2*4"%2+'/&*'-2N#+#$%#*',742,$#*8'R
4,$%2$"&425$;' 7,-+6&' 4,)#$%&+/#?' `U#*7"G*' -#' /,' ("#' :#),*' -2*4"%2-,;' #*%I*' #$' )#Q,+#*' 4,$-242,$#*' -#' -#42-2+' ("G' )G%,-,' -#

,+0&$2D&425$' <' 7/&$2N24&425$' 3&*' &' "%2/2D&+8' F"2DI*' 4,$*2-#+#*' 2)7,+%&$%#' &*2*%2+' &' &/0B$' 4"+*,' ("#' %#' &<"-#' &' )#Q,+&+a8' R/' -&+/#
&"%,$,)6&'*,1+#'42#+%,*'&*7#4%,*'-#'/&'%&+#&'-2*)2$"<#'/&'*#$*&425$'-#'4,$%+,/8
i8'J32%&+'#/'"*,'-#'7&/&1+&*'4,$%+,/&-,+&*;'"$&')#Q,+'N,+)&'-#'#C7+#*&+*#'*#+6&?'`F"2#+,'("#'*#7&*'("#'7&+&'$,*,%+,*'#*')"<'2)7,+%&$%#
("#' 7/&$2N2("#*' %"' %+&1&Q,' 7&+&' &*6' 7,-#+' 7+#3#$2+' 7,*21/#*' 7+,1/#)&*' N"%"+,*8' J*' )"<' 2)7,+%&$%#' ("#' 2$%#$%#*' 7,$#+' #$' 7+I4%24&' /&*
$"#3&*'#*%+&%#02&*'("#':&*'&7+#$-2-,'j,'("#'#*%I*'&7+#$-2#$-,ka8'J*'-#42+;'#32%&+'N+&*#*'4,),?'`U#1#*'7/&$2N24&+;'*2'$,'7/&$2N24&*888a;',
`%2#$#*' ("#' 7/&$2N24&+Pa;' ("#' *,$' 7&/&1+&*' 4,$%+,/&-,+&*' 7"#*' %2#$-#$' &' 2$-"42+' 4"/7&' <w,' 3#+0t#$D&YZ8' J$' *"' /"0&+;' "*&+' 7&/&1+&*
4,),?'`J*'2)7,+%&$%#a;'`#*'3&/2,*,a;','`#*'B%2/a8'J*%,;'&-#)I*'-#'1+2$-&+'#C7/24&42,$#*'<'&+0")#$%,*'&4/&+&%,+2,*;'#*'-#')"4:&'&<"-&8
Z8'J32%&+'*#+'4,$%+,/&-,+'4,$'#/'2$4#$%23,?'"$&'N,+)&'&-#4"&-&'-#'#C7+#*&+*#'*#+6&?'`F"#+#),*'+#4,$,4#+'4,$'"$'2$4#$%23,'#4,$5)24,'&
("2#$#*'&/4&$4#$'"$'$23#/'-#'4,)7#%#$42&'*&%2*N&4%,+2,'#$'#/'&*7#4%,'-#'7/&$2N24&425$'#$'/&'#3&/"&425$'-#/'-#*#)7#V,a8'9,'/#'-24#?'`>2
7/&$2N24&*;'%#'-,<'#/'1,$,a8'AI*'12#$;'+#N"#+D&'#/'+#4,$,42)2#$%,'-#'&/4&$D&+'/&')#%&','/&')#Q,+&'#$'"$&'4,)7#%#$42&',':&12/2-&-8'J*
"$'4&)12,'-#'N+&*#,;'7#+,'*"#$&')#$,*'4,$%+,/&-,+8'>#'*&1#'("#'7,$#+')#%&*'#)7/#&$-,'"$'/#$0"&Q#'-#'&7,<,'&'/&'&"%,$,)6&'7#+)2%#
)#Q,+#*'+#*"/%&-,*Yh8

G"f",")79#07\(
M#,$,+'%2#$#'bh'&V,*;'#*'*,/%#+&'<'#*%I'"$'7,4,'*"12-&'-#'7#*,8'X&4#'&/0"$,*')#*#*'*#'7+,7"*,'+#%,)&+'*"'+"%2$&'#$
#/'02)$&*2,'7,+'%#+4#+&'3#D8'M&*'-,*'3#4#*'&$%#+2,+#*'*2)7/#)#$%#'-#Q5'-#'2+'7,+("#'%#$6&')"4:,'%+&1&Q,'<'"$'7,4,'-#
N/,Q#+&8' M&' 3#+-&-' #*' ("#' $,' /#' 0"*%&' :&4#+' -#7,+%#;' *&1#' ("#' #*' 1"#$,' 7&+&' #//&;' 7#+,' *#' &1"++#' <' *#' 4&$*&' #$' #/
02)$&*2,8
J$'#*%&',7,+%"$2-&-;'M#,$,+'$"#3&)#$%#'#)7#D5'&'/#3&$%&+*#'"$&':,+&')I*'%#)7+&$,'7&+&':&4#+'-#7,+%#8'J*%"3,
:&42#$-,'*"*'+"%2$&*'&'7#*&+'-#'*"'7,4&'),%23&425$'<'4&$*&$42,8'R/'4&1,'-#'-,*'*#)&$&*'*"+025'"$'32&Q#'-#'$#0,42,*
("#' +,)725' *"' +"%2$&8' R/' +#0+#*,;' *,$5' *"' &/&+)&' 7&+&' /#3&$%&+*#;' 7#+,' #*%&1&' 4&$*&-&;' &*6' ("#' -#42-25' $,' 2+' <' *#
7+,)#%25' &' *6' )2*)&' ("#' &/' -6&' *20"2#$%#' 2+6&' `-#' %,-&*' )&$#+&*a8' L#+,' &/' -6&' *20"2#$%#' *,$5' /&' &/&+)&' <' #//&' $,' *#
/#3&$%58'R/'N2$&/'-#/'-6&'//#05'&'4&*&'<'*#'-2Q,'&'*6')2*)&?'`=$&'3#D')I*'-#)"#*%+&*'("#'#+#*'2$4&7&D'-#'4")7/2+'%"*
7+,)#*&*;'#+#*'"$&'N+&4&*&-&;'1"#$&'7&+&'$&-&;'*#+I*'0,+-&'<'N,N&'%,-&'%"'32-&a8

M&' :2*%,+2&' -#' M#,$,+' #*' *2)2/&+' &' /&' :2*%,+2&' -#' )2//,$#*' -#' 7#+*,$&*' ("#' %+&%&$' -#' 2$*%&/&+' "$
:I12%,' *&/"-&1/#' #$' *"*' 32-&*;' 7#+,' ("#' *#' 7+,7,$#$' #/' -#*&N6,' *2$' 4,$%&+' 4,$' "$&' &-#4"&-&
),%23&425$'<'("#'&/'N2$&/'$,'4")7/#$'4,$'*"'+#%,'<'%#+)2$&$'-#*%+"<#$-,'/&'4,$N2&$D&'#$'*6')2*)&*8
M&' )2*)&' )#%,-,/,06&' -#' /&' &7/24&425$' -#' 2$4#$%23,*' #C%+6$*#4,*' *#' 7"#-#' &7/24&+' &' $"#*%+,*
7+,72,*'+#%,*'7#+*,$&/#*8'J$'#/'4&*,'&$%#+2,+;'"$'-2I/,0,')I*'4,$*%+"4%23,'-#'M#,$,+'4,$*20,')2*)&
:"12#+&'*2-,'#/'*20"2#$%#?'`A#'*2#$%,'N+&4&*&-&;'#*'/&'%#+4#+&'3#D'("#')#',4"++#'4,$'#/'-#7,+%#;'7#+,
$,' #*' NI42/' 4&)12&+' #' 2$*%&/&+' "$' :I12%,;' *,1+#' %,-,' G*%#8' 9,' )#' 0"*%&' :&4#+/,' <' %#$0,' ("#' #*%&+
N,+DI$-,)#'&'/#3&$%&+)#8'J*'42#+%,'("#'("2#+,'1&Q&+'-#'7#*,;'7#+,':&4#+'-#7,+%#'-#'N,+)&'+#0"/&+')#
#*')"<'-2N642/'-#12-,'&')2*'32&Q#*;'<'&-#)I*'$,')#'0"*%&8'L#+,'$,'3,<'&'*#+'%&$'-"+&'4,$)20,')2*)&;
)"4:&'0#$%#'323#'/,')2*),'("#'<,a8'R("6'M#,$,+'#*%I'+#4,$,42#$-,'("#'/&'&4%232-&-'$,'#*'NI42/8'J*

2)7,+%&$%#'-#*%&4&+'("#'/,*'#*%"-2,*'-#)"#*%+&$'("#'4"&$-,'$,*'N&//&),*'&'$,*,%+,*')2*),*'<'$,*
*#$%2),*'4"/7&1/#*;'%#$#),*')#$,*'-2*427/2$&'7&+&'*#0"2+'+#%,*'7#+*,$&/#*8
`L#+,'*,<'<,'/&'("#':&'-#42-2-,':&4#+'-#7,+%#*'7,+("#'/,'4,$*2-#+,'2)7,+%&$%#'#$')2'32-&;'$&-2#
)#':&',1/20&-,;'#*')2'-#42*25$8'X&4#+'-#7,+%#')#'&<"-&+I'&'#*%&+')I*'*&/"-&1/#;'7"#-,'*#+'2$4/"*,
)I*'/,$0#3&'<')&$%#$#+'"$'1"#$'#*%&-,'N6*24,;'$,'*5/,'#$'&7&+2#$42&'*2$,'#$'%G+)2$,*'-#'*&/"-a8'R("6
M#,$,+'*#'+#4"#+-&'/,'2)7,+%&$%#'("#'#*'#*%&'%&+#&'("#'#//&':&'-#42-2-,'*#0"2+8
`EF"G' 7"#-,' :&4#+' -2N#+#$%#' /&' 7+5C2)&' 3#D' 7&+&' %+&%&+' -#' ("#' N"$42,$#' )2' #*%+&%#02&H' F"2DI*
7"#-,' :&4#+' -#7,+%#' #$' /&' $,4:#' <' $,' #$' /&' )&V&$&;' 7"#*' +#&/)#$%#' )#' 4"#*%&' )"4:,' /#3&$%&+)#
%#)7+&$,8' M&' )#Q,+' :,+&' 7&+&' :&4#+' -#7,+%#' #*' /&' ("#' )#Q,+' /#' &4,),-#' &' "$,8' M"#0,' -#' 7+,1&+
%&$%&*' 3#4#*' #$' /&' )&V&$&;' 4+#,' ("#' 7"#-,' 2$%#$%&+/,' 7,+' /&*' $,4:#*;' ("2DI*' )#' *#&' )#$,*
4,)7/24&-,':&4#+/,'&*6a8'R("6;'M#,$,+'*#'-&'/&',7,+%"$2-&-'-#'%,)&+'*"'/21#+%&-'7&+&'-#42-2+'("G'#*
/,')#Q,+'7&+&'#//&8
`U#*7"G*' -#' 4&-&' *#*25$' -#' 02)$&*2,;' *G' ("#' )#' 3&' &' -,/#+' #/' 4"#+7,' <' *G' ("#' 7&*&+I' 7,+' )2
4&1#D&'$,'3,/3#+;'7#+,'7"#-,'%+&%&+'-#'3#+'("#'3,<'&3&$D&$-,':&42&')2')#%&;'%,),'#$'4"#$%&'/,'("#
<&' &3&$4G8' F"2DI*' %&)12G$' 7"#-,' :&4#+' &/0,' ("#' )#' +#4,$N,+%#' #$' #*#' ),)#$%,8' F"2DI*' 7"#-,
+#4,)7#$*&+' #/' #*N"#+D,' ("#' #*%,<' :&42#$-,' <' #/' :#4:,' -#' :&1#+' 2-,' &/' 02)$&*2,;' 4,)2G$-,)#' "$
7#("#V,':#/&-,'-#'<,0"+'1&Q,'#$'4&/,+6&*'("#')#'0"*%&'%&$%,8'J*%,')#'2+I'&<"-&$-,'&'+#4"7#+&+')2
4,$N2&$D&'#$')6')2*)&;'#$'*#$%2+)#'4&7&D'-#'/,0+&+'/&*')#%&*'<'+#%,*'("#')#'3,<'7,$2#$-,a8'R("6
M#,$,+' *#' &*20$&' "$' 2$4#$%23,' &' *6' )2*)&' -#' "$&' N,+)&' $,' 4,$%+,/&-,+&;' 7"#*' #//&' )2*)&' #*%I
-#42-2#$-,'2+'&/'02)$&*2,8'L&+&'N,+)&+':I12%,*'#$'/,*'4"&/#*'$,'%#$#),*'"$&'),%23&425$;'"$'2$4#$%23,
#C%+6$*#4,'7"#-#'*#+'"$&'&/%#+$&%23&8

;')-"80,()9(%0:".(!"#$%&$'("#'"$'0+"7,'+&42*%&'-#/'c"'c/"C'c/&$'-#42-25'&0+#-2+'&'"$'+&12$,'#$'*"'%2#$-&')2#$%+&*'/#'0+2%&1&'`Q"-6,;
Q"-6,;' Q"-6,a8' J/' +&12$,' #*%&1&' -#*#*7#+&-,' 7,+("#' /,*' 4/2#$%#*' *#' /#' 21&$' 7,+' )2#-,' &' /,' ("#' 7"-2#+&$' :&4#+' #*%&*
7#+*,$&*8
=$'-6&'#/'+&12$,'*&/25'<'@&$%#*'-#'("#'#)7#D&+&$'&'0+2%&+@'/#*'-2Q,?'`>2')#'//&)&$'Q"-6,'/#*'7&0,'"$'-5/&+'&'4&-&
"$,a8
M&*'7#+*,$&*'-#/'c"'c/"C'c/&$'#*%&1&$'%,%&/)#$%#'*,+7+#$-2-&*;'7#$*&1&$'("#'#/'+&12$,'*#':&16&'3"#/%,'/,4,8
T,)&+,$' #/' 12//#%#' <' /#' 0+2%&+,$' 4,$' )I*' 0&$&*?' `Q"-6,;' Q"-6,;' Q"-6,a8' R/' -6&' *20"2#$%#;' $"#3&)#$%#' &$%#*' -#' ("#
#)7#D&+&$' &' 0+2%&+' *&/25' #/' +&12$,;' 7#+,' #*%&' 3#D' *5/,' /#*' ,N+#425' 42$4"#$%&' 4#$%&3,*' -#' -5/&+' 7,+' 0+2%&+/#' Q"-6,8' M,*
)2#)1+,*'-#/'0+"7,'7+,%#*%&+,$;'7#+,'*20"2#+,$'0+2%&$-,;'&"$("#'4,$')#$,*'0&$&*;'7"#*;'-#*7"G*'-#'%,-,;')#-2,'-5/&+
#+&')#-2,'-5/&+8
R/'-6&'*20"2#$%#'*&/25'#/'+&12$,'<'/#*',N+#425'*5/,'"$'4#$%&3,'7,+'0+2%&+/#'Q"-6,8'M,*')2#)1+,*'-#/'c/&$'4,$*2-#+&+,$
#*%,'2$Q"*%,'&*6'("#'-#42-2#+,$')&+4:&+*#'<'$,'+#0+#*&+?'`X&4#'-,*'-6&*'+#4216&),*'"$'-5/&+;'&<#+')#-2,'-5/&+'<':,<
x"$'4#$%&3,y'9,'72#$*#'("#'*#0"2+#),*'0+2%I$-,/#'zQ"-6,;'Q"-6,;'Q"-6,{'7,+'"$')6*#+,'4#$%&3,aYg8

J/'+&12$,'#+&'"$'0#$2,'-#'/&'),%23&425$8'M&*'7#+*,$&*'-#/'c/&$'#*%&1&$'),%23&-&*'2$%+6$*#4&)#$%#
7&+&' 0+2%&+/#' Q"-6,8' J//,*' /,' :&46&$' /21+#)#$%#;' 4,$' &"%,$,)6&;' 7,+("#' 4+#6&$' ("#' #+&' "$&' 4&"*&
%+&*4#$-#$%#8'L#+,'/"#0,'#/'+&12$,'/#*'-2,'"$'2$4#$%23,'4,$%+,/&-,+'-242G$-,/#*?'`>2')#'//&)&$'Q"-6,;
/#*' 7&0,' "$' -5/&+a8' R/' 4,)2#$D,' 7&+#4#+6&' #/' )#Q,+' -#' /,*' )"$-,*?' `9,*' 7&0&$' 7,+' :&4#+' /,' ("#
("#+#),*a8' L#+,;' *2$' ("#' *#' -2#+&$' 4"#$%&;' #/' +&12$,' :&16&' #)7#D&-,' &' 4,$%+,/&+/,*' 7"#*%,' ("#
#*%&1&$'7#$*&$-,'#$'#/'-2$#+,'("#'21&$'&'+#4212+'#$'/"0&+'-#'*"'4&"*&8'J/'+&12$,'#*%&1&'-#*%+"<#$-,
*"'),%23&425$'2$%+6$*#4&'%+&*4#$-#$%#'4,$'"$'2$4#$%23,'#C%+6$*#4,8'M"#0,;'1&Q5'#/'2$4#$%23,'#C%+6$*#4,
%&$%,'("#'<&'$,'#C2*%6&'$2$0"$&'),%23&425$'2$%+6$*#4&'7&+&'*#0"2+'0+2%&$-,'<'*#'N"#+,$8

!"#$%&'()F
h&,/0(,"907,%()"&%1,(9():7-5&5)/(,%-('".(

D"),0f7\4)'")-"$\).7),&75%-"
(-07,%"/01,)9(%0:"/0(,"'

!V&'&+$A4R3)$'3$73$63'54&+(&$#$,'3$&'$*#9+&?$9&7$24)23$2393$&'
>,&$(&'&+$,'$*4#'3$'3$73$5,&75&$*4#'4)(#B8
@*).$(8&A(+*0(

l)&02$#' /&' *20"2#$%#' *2%"&425$' <' +#*7,$-&' ("G' #*' /,' ("#' "*%#-' :&+6&' *2' *#' #$4,$%+&+&' #$' #*&
7,*2425$8'L,+'4&-&'&4425$'7+,7"#*%&;')&+("#'"$&',7425$'-#/']'&/'h'"%2/2D&$-,'/&'*20"2#$%#'#*4&/&Y^?

M&' 7+,N#*,+&' -#' *"' :2Q,' /,' 42%&' &' "$&' +#"$25$' #$' #/' 4,/#02,' 7&+&' -#42+/#' ("#' *"' :2Q,' 7&+#4#
-#*2$%#+#*&-,' #$' /&*' &4%232-&-#*' #*4,/&+#*' -#/' -6&' &' -6&' <' ("#' *5/,' -2*%+&#' &' *"*' 4,)7&V#+,*8
R-#)I*;'*"*'$,%&*'*,$'+#&/)#$%#')&/&*8'=*%#-?

J*' &*2*%#$%#' <' *"' Q#N#' /#' :&' 7#-2-,' ("#' ,+0&$24#' "$&' 4&7&42%&425$' )"<' 2)7,+%&$%#' 7&+&' %+#*
0#+#$%#*8'>2$'#)1&+0,;'#//,*'$,'4,2$42-#$'#$'*"*':,+&+2,*'7&+&'%#$#+'/&'4&7&42%&425$8'EF"G':&+6&H?

!"'0U0/"/01,4
>")#'<'-232-&'#$%+#'-,*'/,'("#'"*%#-')&+45'#$'/,*'*20"2#$%#*'6%#)*'j3#+'4,/")$&'("#'-24#?'`|%#)*a
<'`>"'7"$%&Q#ak8

EJ$'("G'I+#&',1%"3,'#/'7"$%&Q#')I*'&/%,H'mmmmmmmmmmmmmmmmmmm
EJ$'("G'I+#&',1%"3,'#/'7"$%&Q#')I*'1&Q,H'mmmmmmmmmmmmmmmmmmm
>2'"*%#-',1%2#$#'"$')&<,+'7"$%&Q#'#$'#/'%27,'b;'*20$2N24&'("#'7+,1&1/#)#$%#'*#'*2#$%&',1/20&-,'7,+
7+#*2,$#*'#C%#+$&*8'>2'"*%#-',1%2#$#'"$')&<,+'7"$%&Q#'#$'#/'%27,'];'7+,1&1/#)#$%#'"*%#-'%2#$-#'&'"$
N"$42,$&)2#$%,'&"%5$,),8
R/0"$&*'7#+*,$&*;'#$'*"*'32-&*;'#*%I$')I*',+2#$%&-&*':&42&'/&'),%23&425$'#C%+6$*#4&8'L,+'#Q#)7/,;
#*%I$')I*'2$%#+#*&-&*'7,+'#/'-2$#+,'("#'7,+'#/'%+&1&Q,'#$'*6')2*),8'J*%I$')I*'2$%#+#*&-&*'#$'%+&1&Q&+
7,+'#/'+#4,$,42)2#$%,;'7,+'#/'7+#*%202,;'7,+'#/'7,-#+','7,+'#/'7+#)2,')I*'("#'7,+'-2*N+"%&+'#/'%+&1&Q,
#$'*6')2*),8'J*%&*'7#+*,$&*'%2#$-#$'&'"$&'7#+*,$&/2-&-')I*',+2#$%&-&'&/'4,$%+,/8'S%+&*;'#$'4&)12,;
,+2#$%&$'*"*'32-&*'&'/&'),%23&425$'2$%+6$*#4&8'>,$'7#+*,$&*'("#'*#'),%23&$'7,+("#'#$4"#$%+&$'"$'+#%,
&' /&' &/%"+&' -#' *"*' %&/#$%,*;' 7,+("#' -2*N+"%&$' *"' &"%,$,)6&' #$' #/' %+&1&Q,;' *,$' 7#+*,$&*' )I*' /21+#*;
&4%B&$'7,+'3,/"$%&-'7+,72&;'#/20#$'*"'7+,72,'-#*%2$,;'$,'#*'("#'*#'-#Q#$'//#3&+'7,+'/,'("#'/,*'-#)I*
72#$*#$'-#'#//,*8'J*%&*'7#+*,$&*'%2#$-#$'&'"$&'7#+*,$&/2-&-',+2#$%&-&'&'/&'&"%,$,)6&8
EU#'("G'-#7#$-#'("#'"$,'*#&')I*'4,$%+,/&-,'<',%+,')I*'&"%5$,),H'n#&),*'/&'*20"2#$%#':2*%,+2&
+#&/;'-,$-#'/,*'$,)1+#*'<'7,*242,$#*'#*%I$'4&)12&-,*'7&+&'7+,%#0#+'/&'2-#$%2-&-'-#'/&'7#+*,$&8

e".-75)/(,%-('".(-754)30](5)/(,%-('".(5
>#1&*%2I$'#*'0#+#$%#'-#'N2$&$D&*'-#'"$&'0+&$'#)7+#*&'-#'*#+3242,*8'X&4#'-,*'&V,*'#*%&'#)7+#*&'#)7#D5'"$'4&)12,
4"/%"+&/' &/' ("#;' &' G/;' /#' #*%I' 4,*%&$-,' )"4:,' &-&7%&+*#8' M&' #)7+#*&' :&' -#N2$2-,' 4,),' "$' 72/&+' -#' *"' 4"/%"+&' /&
7+#,4"7&425$'7,+'/&*'7#+*,$&*8'M&'#)7+#*&'#*7#+&'("#'%,-,*'*"*'/6-#+#*'#)7,-#+#$'&'*"'7#+*,$&/;'*#'7+#,4"7#$'7,+
-#*&++,//&+/,*'<':&4#+/,*'4+#4#+8'J/'7+,1/#)&'4,$'>#1&*%2I$'#*'("#'%2#$#'"$'#*%2/,'-#')24+,0#+#$42&8'R'G/'/#'0"*%&'#$%+&+
&/' -#%&//#' -#' %,-&*' /&*' -#42*2,$#*' -#' *"' I+#&8' 9&-2#' 7"#-#' -#42-2+' $&-&' *2$' 4,$*"/%&+/#;' :&42#$-,' )"<' /#$%,*' /,*
7+,4#*,*8'>#1&*%2I$'*#'7+#,4"7&1&')"4:,'-#'*"'2)&0#$'&$%#'/&'0#+#$42&;'7,+'#//,'+#32*&1&'<':&*%&':&46&'#/'%+&1&Q,'-#
*"*'*"1,+-2$&-,*'7&+&'("#'%,-,'("#-&+&'7#+N#4%,8'>"'I+#&'#*'/&'("#'%2#$#'#/'7#,+'4/2)&'/&1,+&/'<'/&'0#+#$42&'0#$#+&/'/#
:&':#4:,'*&1#+'*"'-#*4,$%#$%,8'>#1&*%2I$'2$%#$%5'%+&1&Q&+'4,$'"$'63#6A;'7#+,'$,'/,0+5'+#*"/%&-,*;'*2#)7+#'3,/36&'&'*#+
4,$%+,/&-,+'<'&/'%27,'-#'/&')24+,0#+#$42&8
M#'+#4,)#$-G'&'>#1&*%2I$'2+'&'"$&'%#+&72&'7*24,&$&/6%24&'-,$-#;'&'%+&3G*'-#'"$'#*7#42&/2*%&;'7"-,'#*%&+'#$'7&D'4,$'*"
7&*&-,8' W/' +#4,+-5' #/' -,/,+' <' /&' +&12&' ("#' /#' %#$6&' &' *"' 7&7I' 7,+' *#+' %&$' Q#+I+("24,' <' 4,$%+,/&-,+8' >"' 7&-+#' %,-,' #/
%2#)7,' /#' -#46&' /,' ("#' %#$6&' ("#' :&4#+' <' $,' /#' -&1&' $&-&' -#' &"%,$,)6&8' !"&$-,' $,' :&46&' #C&4%&)#$%#' /,' ("#' G/' /#
7#-6&;'#*%#'/,')&/%+&%&1&'<':&*%&'/#'7#0&1&8'!"&$-,'>#1&*%2I$'%#$6&'"$'7+,1/#)&;'*"'7&-+#'/,'+#*,/36&O'&-#)I*;'&)1,*
7&-+#*' #+&$' *,1+#7+,%#4%,+#*' <' $,' /,' -#Q&1&$' *&/2+' 4,$' *"*' &)20,*' ,' 7+&4%24&+' -#7,+%#*' ("#' #//,*' $,' 4,$*2-#+&1&$
&7+,72&-,*8

>#1&*%2I$'32325'*"'2$N&$42&'#$'"$&'4I+4#/'<':&16&'&7+#$-2-,'("#'G*&'#+&'/&'N,+)&'-#'-#*#$3,/3#+*#
#$'/&'32-&8'l$4,$*42#$%#)#$%#;'#$'*"'%+&1&Q,'G/'*#$%6&'("#'-#16&'4,$%+,/&+'&'*"*'4,/&1,+&-,+#*;'7,+
#*,'#*'("#':&46&')24+,0#+#$42&8'L#+,;'&-#)I*;'G/')2*),'#+&'4,$%+,/&-,'7,+'#/'-#*#,'-#'&0+&-&+;'-#
),*%+&+*#'7#+N#4%,'7&+&'&*6'$,'+#4212+'"$'0+2%,','"$'4&*%20,8'R'>#1&*%2I$'/#'%,)5'%+#*'&V,*'-#'%#+&72&
*&/2+'-#'*"'7+,72&'4I+4#/'<'/21#+&+'&'*"*'#)7/#&-,*'7+2*2,$#+,*8'R:,+&'G/'#*'"$')"4:,')#Q,+'/6-#+;'<&
("#'$,'#*'#*4/&3,'-#'*"'7&*&-,8
J*%,<' *#0"+,' -#' ("#' /,*' 7&-+#*' -#' >#1&*%2I$' %#$6&$' /&*' )#Q,+#*' 2$%#$42,$#*' <' ("#+6&$' N,+)&+' "$
:2Q,' N#/2D' <' 4,$' )"4:,' 7,%#$42&/8' L#+,' #/' +#*"/%&-,' N"#' %,-,' /,' 4,$%+&+2,8' >#1&*%2I$' 7"#-#' *#+' "$
#Q#)7/,' -#' "$&' $2V#D' #C%+#)&-&)#$%#' -2N642/;' 7#+,' /&)#$%&1/#)#$%#' :,<' )"4:,*' 7&-+#*' $,' *#' -&$
4"#$%&'-#'/,*'#++,+#*'("#'4,)#%#$'4,$'*"*':2Q,*'&/'4,$%+,/&+/,*'-#)&*2&-,8
M,*'7&-+#*'#$%2#$-#$'/&'$#4#*2-&-'("#'%2#$#$'*"*':2Q,*'-#'4,)#+;'-#'4,12Q&+*#;'&1+20&+*#;'*#$%2+*#
*#0"+,*8' M,*' 7&-+#*' #$%2#$-#$' /&' $#4#*2-&-' ("#' %2#$#$' *"*' :2Q,*' -#' #*%&+' &4,)7&V&-,*;' -#' +#4212+
&),+8' L#+,' *,$' 7,4,*' /,*' 7&-+#*' ("#' *#' -&$' 4"#$%&' -#' ("#' /,*' $2V,*' %2#$#$' "$&' #$,+)#' *#-' -#
&"%,$,)6&'<'-#'*#$%2+'("#'4,$%+,/&$'*"'-#*%2$,8'>2'$,'*&%2*N&4#),*'#*%&'$#4#*2-&-'-#'&"%,$,)6&;'#/
$2V,'$,'//,+&+I'@4,),'/,':&4#'4,$'/&*',%+&*'$#4#*2-&-#*'j4"&$-,'%2#$#':&)1+#'7,+'#Q#)7/,k@;'7#+,
*6'//,+&+I'*"'2$4,$*42#$%#;'("#'*#'//#$&'-#'-,/,+;'-#'+&12&'<'-#'2)7,%#$42&;'#*'-#42+;'//,+&'7,+'-#$%+,8
U#*0+&42&-&)#$%#;'/,'("#')"#*%+&'/&'2/"*%+&425$'bi',4"++#'N+#4"#$%#)#$%#8

+'&5%-"/01,)EJ

M,*' $2V,*' ("#' %"32#+,$' "$&' N,+)&425$' 4,$%+,/&-,+&' <' 7+#*#$%&$' -#' &-"/%,' "$&' 7#+*,$&/2-&-' -#
4,$%+,/'7"#-#$'%#$#+'&/0"$&*'-#'/&*'*20"2#$%#*'4&+&4%#+6*%24&*f[?
o'l$%#+7+#%&$'/,*'#3#$%,*'#C%#+$,*'4,),'&)#$&D&$%#*8
o'>,$')"<'7+#,4"7&-,*;'*#$*21/#*'&'/,'("#'72#$*#$'/,*'-#)I*8
o'p"*4&$'&7+,1&425$8
o'T2#$#$'1&Q&'4,$N2&$D&'#$'*"*':&12/2-&-#*8
o'T2#$#')#$,+'&"%,++#0"/&425$'#$'/&'#*4"#/&8
o'T2#$#$')#$,+'4,$%+,/'-#'2)7"/*,*8
o'T2#$#$')#$,+'+#$-2)2#$%,'&4&-G)24,8
o'T2#$-#$'&'*#+')#$,*'%,/#+&$%#*'<')I*'#0,6*%&*;')&$27"/&-,+#*8
o'T2#$-#$'&'*#+'-#7#$-2#$%#*'<'&4,*%")1+&-,*'&'("#'/,*'4,$%+,/#$8
o'T2#$-#$'&'*#+'4,$%+,/&-,+#*'4,$'*"*'7+,72,*':2Q,*'<'4,/&1,+&-,+#*8

J$'4&)12,;'/,*'$2V,*'("#'%"32#+,$'"$&'N,+)&425$'-#')&<,+'&7,<,'&'/&'&"%,$,)6&;'-#*&++,//&$'"$&
7#+*,$&/2-&-',+2#$%&-&'&'#//&'%2#$#$'&/0"$&*'-#'/&*'*20"2#$%#*'4&+&4%#+6*%24&*?
o'R4%B&$'-#'&4"#+-,'&'/,'("#'4,$*2-#+&$'2)7,+%&$%#;'*2$'-#Q&+*#'4,$%+,/&+'7,+'/,'("#'72#$*#$'/,*'-#)I*8
o'>#'*2#$%#$')I*'/21+#*'<'4,$')&<,+'4&7&42-&-'-#'#/#02+'*"'-#*%2$,8
o'l$%#+7+#%&$'/,*'#3#$%,*'#C%#+$,*'4,),'2$N,+)&425$8
o'T2#$#$')&<,+'4,$N2&$D&'#$'*"*':&12/2-&-#*8
o'T2#$#$')&<,+'&"%,++#0"/&425$'#$'/&'#*4"#/&8
o'T2#$#$')#Q,+'+#$-2)2#$%,'&4&-G)24,8
o'>,$'&12#+%,*'<')I*'%,/#+&$%#*8

J*%,<'*#0"+,'-#'("#'%,-,'7&-+#'("2#+#'N,+)&+':2Q,*'&"%5$,),*8'J$'#/'*20"2#$%#'4&76%"/,'*#0"2+#),*
7+,N"$-2D&$-,'#$'#/'%#)&8

D")Y-787'.$"Z).7')/(,%-('
J/2*&'%2#$#'-2#42*G2*'&V,*8'J*'"$&'4:24&'/2$-&;'7&+#4#')&<,+'("#',%+&*'Q53#$#*'-#'*"'#-&-'<'#*'/&')#$,+'-#'4"&%+,
:#+)&$,*'j/,*'%+#*')&<,+#*'*,$':,)1+#*k8
>"*' 7&-+#*' *,$' )&4:2*%&*' <' N"#+,$' 1&*%&$%#' /21#+&/#*' 4,$' *"*' :2Q,*' :,)1+#*;' 7#+,' 4,$' *"' :2Q&' *,$' %,%&/)#$%#
4,$%+,/&-,+#*8' J/2*&' %2#$#' )#$,*' 7#+)2*,*' ("#' %,-&*' *"*' &)20&*O' 7,+' #Q#)7/,;' $,' 7"#-#' ("#-&+*#' :&*%&' %&+-#' #$
$2$0"$&'N2#*%&;'$,'7"#-#'%,)&+'1#12-&*'&/4,:5/24&*;'$,'7"#-#'7,/,/#&+;'<'*5/,'/&'-#Q&$'*&/2+'&'+#"$2,$#*'*,42&/#*','N2#*%&*
-,*'3#4#*'&/')#*8
M&' +#&/2-&-' #*' ("#' J/2*&' 323#' #$' -,*' )"$-,*8' =$' )"$-,' #*' #/' ("#' *"*' 7&-+#*' ("2#+#$' #*4"4:&+?' #*' ,1#-2#$%#;' $,
%,)&'<'*20"#'%,-&*'/&*'+#0/&*8'J/',%+,')"$-,;'-,$-#'323#;'#*'#/'+#&/O'&//6'*"'),-,'-#'+#*7,$-#+'&'/&'N+"*%+&425$'N+#$%#'&
*"'$#4#*2-&-'-#'&"%,$,)6&'#*':&4#+'%,-,'/,'4,$%+&+2,'&'/,'("#'*"*'7&-+#*'-#*#&$?'%,)&':&*%&'#)1,++&4:&+*#;'1#*&'&
)"4:,*'4:24,*'<'4,)#%#')"4:&*'2++#*7,$*&12/2-&-#*8'X&*%&'&:,+&':&'7,-2-,')&$%#$#+'/,*'-,*')"$-,*'*#7&+&-,*;'7#+,
$,'*&1#'7,+'4"I$%,'%2#)7,')I*'/,'7,-+I':&4#+8

J*%&' :2*%,+2&' +#&/' -#' J/2*&' )"#*%+&' "$&' -#' /&*' 4,$*#4"#$42&*' -#' %#$#+' "$&' N,+)&425$' )"<
4,$%+,/&-,+&' 4,$' $"#*%+,*' :2Q,*8' R/0"$,*;' 4,),' #//&;' *#' +#1#/&$' <' 1"*4&$' *"' &"%,$,)6&' #$' /&*
&4%232-&-#*'#("23,4&-&*8

h(-9",.()30](5)"&%1,(9(5
!S3$)&$*,&9&$L3+2#+$A4R3)$#,(1'323)$I$748+&)$)4$*+42&+3$'3$'3)$A&23)$748&+#93$9&$7#)$6#9&'#)$9&$',&)(+3$*+3*43$&%3B8
'$+*"&,*-)./$0

K/%0:0.".
l)&02$#'("#'*"':2Q,'#*'"$,'-#'/,*')#Q,+#*'Q"0&-,+#*'-#'NB%1,/'-#/'4,/#02,'<'*"'#("27,':&'0&$&-,')"4:,*'7&+%2-,*8
W/' /#' -#-24&' )"4:,' %2#)7,' &' #$%+#$&+8' >2$' #)1&+0,;' "*%#-' #*%I' 7+#,4"7&-,' 7,+("#' G/' &4&1&' -#' -#42+/#' ("#' :&
+#7+,1&-,' "$' 2)7,+%&$%#' #C&)#$' -#' )&%#)I%24&*' -#12-,' &' ("#' $,' #*%"-25' /,' *"N242#$%#8' AI*' %&+-#;' #$' /&' 4&*&;' *#
#$%#+5'%&)12G$'-#'("#'*"':2Q,'@("2#$'-2Q,'("#'#*%&+6&'#$'*"'72#D&'#*%"-2&$-,@'#$'+#&/2-&-'*#'#*4&75'-#'/&'4&*&'<'*#
N"#'&'#$%+#$&+8
R'4,$%2$"&425$;'+#N/#C2,$#?'*"':2Q,'&4&1&'-#'//#0&+;'E("G'/#'-2+6&H'X&0&'"$&'7&"*&'#$'/&'/#4%"+&'<'%5)#*#'#/'%2#)7,
7&+&'7#$*&+8

!"&$-,' :&0,' #*%&' 7+#0"$%&' #$' )2*' %&//#+#*;' &/0B$' 7&-+#' /#3&$%&' /&' )&$,' *#0"+,' -#' %#$#+' /&
+#*7"#*%&'4,++#4%&8'>#'7,$#'-#'72#'<'-24#'/,'*20"2#$%#?'`K,'/#'-2+6&'4,$'+#*7#%,;'7#+,'&'/&'3#D'*2#$-,
N2+)#;'/,'*20"2#$%#?'zU#1#*'-#Q&+'-#'#$%+#$&+'<'-#-24&+/#')I*'%2#)7,'&'%"*'#*%"-2,*{a8
J/' 7&-+#' ("#' :2D,' #/' 4,)#$%&+2,' *#' *2#$%#' ,+0"//,*,;' &*")2#$-,' ("#' #*%I' :&42#$-,' /,' 4,++#4%,8
M"#0,;' /#' :&0,' /&' *20"2#$%#' 7+#0"$%&' &/' 7&-+#?' EJ*%I' N,)#$%&$-,' /&' &"%,$,)6&' -#' *"' :2Q,' 4,$' *"
+#*7"#*%&H
M&'+#*7"#*%&'("#')#'-&'#*?'`E!5),'7"#-,'N,)#$%&+'&"%,$,)6&'#$'"$'4:24,'2++#*7,$*&1/#'("#')#
)2#$%#'<'("#'$,'#*%"-2&Ha8
R"$("#' 7&+#D4&' 2$4+#61/#;' 2$4/"*,' 4"&$-,' #/' &-,/#*4#$%#' `)#%#' /&' 7&%&a' ,' &4%B&' -#' N,+)&
2++#*7,$*&1/#;' $,*,%+,*' 7,-#),*' N,)#$%&+' &"%,$,)6&' ,' 4,$%+,/' 4,$' $"#*%+&*' +#*7"#*%&*8' !,),
7&-+#*;'4,$'/&*'7&/&1+&*'("#'-#42),*','4,$'/&*'#),42,$#*'("#'),*%+&),*;'N,)#$%&),*'&"%,$,)6&',
4,$%+,/;' #/' 7+,1/#)&' #*' ("#' $,' *,),*' 4,$*42#$%#*' -#' ("#' /&' )&<,+6&' -#' /&*' 3#4#*' N,)#$%&),*' #/
4,$%+,/8
M&'2/"*%+&425$'bZ')"#*%+&'"$&'4&+24&%"+&'-#'/,'("#'#*%I':&42#$-,'#/'7&-+#'4,$'*"':2Q,8'M&'+#*7"#*%&
-#/'7&-+#;'&"$("#'7&+#D4&'&-#4"&-&'7&+&')"4:,*;'$,'#*'"$&'+#*7"#*%&'("#'N,)#$%#'/&'&"%,$,)6&8'J/
7&-+#'$,'),%23&'/&'+#N/#C25$;'#*%I'"*&$-,'7&/&1+&*'4,$%+,/&-,+&*'4,),'`-#1#*a'&-#)I*'-#'-#42+/#'/,
("#'%2#$#'("#':&4#+'-#'"$&'N,+)&'&"%,+2%&+2&;'&"$("#'+#*7#%",*&8'!,),')"#*%+&'/&'4&+24&%"+&;'/,'#*%I

`#*7,*&$-,a'7&+&'("#':&0&'/,'("#'G/'("2#+#8'EF"G'7&*&+I'4"&$-,'G/'$,'#*%G'7&+&'-#42+/#'("G':&4#+H
EJ*%&),*'N,)#$%&$-,'/,*'+#4"+*,*'$#4#*&+2,*'7&+&'("#'$"#*%+,*':2Q,*'*#&$'&"%5$,),*H

+'&5%-"/01,)ES
Yi0](d).7875).7]"-).7)]&B"-)Uj%8(')M).7.0/"-'7)9A5)%079#()")%&5)75%&.0(5Zc

R'4,$%2$"&425$')"#*%+,'"$&'*#+2#'-#'+#*7"#*%&*'4,$%+,/&-,+&*'-#'"$'7&-+#'4,$'4&+24&%"+&*?
L+#0"$%&+/#'45),'#*%I'#/'+#*%,'-#/'#("27,'#$'*"*'#CI)#$#*;'<'-#42+/#'("#'*#'7+#7&+#'/,'*"N242#$%#
7&+&'#*%&+'20"&/'("#'#/'+#*%,8

+'&5%-"/01,)EV

W*%#' #*' "$' 4,)#$%&+2,' 4,$%+,/&-,+;' 7"#*' *#' /#' -&' #/' 4,$%+,/' &/' 0+"7,' -#' &)20,*' <' #/' 7&-+#' *20"#

-&$-,'5+-#$#*8
U#42+/#'("#'-#'$2$0"$&')&$#+&'3&'&'Q"0&+')&V&$&'<'("#'*#'#$42#++#'&'#*%"-2&+8'J*%#'4,)#$%&+2,'#*
4/&+&)#$%#'4,$%+,/&-,+8

+'&5%-"/01,)EW

\#4/&)&+/#?' `EL,+' ("G' )#' 7&0&*' -#' #*%&' N,+)&;' *&4I$-,%#' )&/&*' $,%&*;' -#*7"G*' -#' %,-,' /,' ("#
:&0,'7,+'%2Ha8

+'&5%-"/01,)EX

J*%#' 4,)#$%&+2,' %&)12G$' #*' 4,$%+,/&-,+;' 7#+,' #/' 4,$%+,/' *#' -&' 7,+' /&' 4"/7&8' J/' :&4#+' ("#' ,%+&
7#+*,$&','("#'"$':2Q,':&0&'&/0,'7,+'$,*,%+,*'7,+("#'/#'2$-"42),*'4"/7&'#*'"$&'N,+)&'#$4"12#+%&'-#
4,$%+,/&+/,8
L+#0"$%&+/#' 45),' 72#$*&' #$N+#$%&+' *"' *2%"&425$' <' &<"-&+/,;' &' %+&3G*' -#' 7+#0"$%&*;' &' +#N/#C2,$&+
*,1+#'*"*'*20"2#$%#*'7&*,*8

+'&5%-"/01,)FQ

J$'#*%#'B/%2),'4&*,'*#'N,)#$%&'/&'&"%,$,)6&'-#/')"4:&4:,8'J$'/"0&+'-#'4&*%20&+/,;')&$27"/&+/,',
-#42+/#' /,' ("#' %2#$#' ("#' :&4#+;' #*' 7+#N#+21/#' #*4"4:&+/,8' J*,' $,' ("2#+#' -#42+' ("#' "$,' #*%G' *2#$-,
-G12/','1/&$-,O'"$,'7"#-#'#*4"4:&+;'7+#0"$%&+'<'&/'N2$&/'-#42-2+'&4#+4&'-#'/&')&$#+&'-#'7+,4#-#+;'/,
4"&/' 7"#-#' *#+' "$&' 4,$*#4"#$42&' -#' /&' &4425$' +#&/2D&-&8' L#+,' 4"&$-,' "$,' :&4#' +#N/#C2,$&+' &' /&
7#+*,$&'<'/&'#*4"4:&;'&/')#$,*'/#'-&'/&'*#$*&425$'-#'("#'7"#-#'#C7+#*&+'/,'("#'72#$*&','*2#$%#;'<'#*%,
N,)#$%&'/&'&"%,$,)6&8
M&'4,$3#+*&425$'7,-+6&'+#*"/%&+'-#'/&'*20"2#$%#'N,+)&?
@X2Q,;' E("G' 7&*5' 4,$' %"*' #*%"-2,*H;' E("G' 7&*5' #$' %"' #C&)#$H' @7+#0"$%&' #/' 7&-+#' j#$' /"0&+' -#
-#42+/#'/,'("#'-#1#':&4#+;'7+#0"$%&'<'+#421#'#/'7"$%,'-#'32*%&'-#'*"':2Q,k8
@L&7I;' /&' 3#+-&-' #*' ("#' #*%,<' #$%+#$&$-,' )"<' -"+,' <' $,' #*%,<' #*%"-2&$-,' %&$%,' 7,+("#' $,' )#
("#-&'%2#)7,8
@J$%2#$-,' @+#*7,$-#' #/' 7&7I@;' 7#+,' +#4"#+-,' ("#' "$&' +#0/&' ("#' &4,+-&),*' #+&' ("#' /,*
#*%"-2,*'#*%&1&$'7+2)#+,;'E#*%I*'-#'&4"#+-,'4,$'("#'#*,'N"#'/,'("#':&1/&),*H
@>6;'7&7I'@+#*7,$-#'#/':2Q,'4,$'"$'0#*%,'-#'&++#7#$%2)2#$%,8
@EF"G'72#$*&*':&4#+H'9,':&*'4")7/2-,'$"#*%+&'+#0/&;'E("G'3&*'&':&4#+'-#'&4I'#$'&-#/&$%#'7&+&
7,-#+'4")7/2+'%&$%,'4,$'/,*'-#7,+%#*'4,),'4,$'/,*'#*%"-2,*H'@7+#0"$%&'#/'7&-+#'j#$'/"0&+'-#'-#42+/#

/,' ("#' %2#$#' ("#' :&4#+;' -#Q&' ("#' #/' $2V,' %,)#' +#*7,$*&12/2-&-' *,1+#' *"*' &4%,*' <' #/2Q&' "$' 4"+*,' -#
&4425$;'N,)#$%&$-,'*"'&"%,$,)6&k8
@A#'("#-&'4/&+,;'7&7I8'>2'%#$0,'#CI)#$#*;'$,'72#$*,'2+'&'#$%+#$&+'@+#*7,$-#'#/':2Q,8
@EF"G':&*'7#$*&-,':&4#+'4"&$-,'%#$0&*'%&+#&*'<'#$%+#$&)2#$%,H'@7+#0"$%&'#/'7&7I8
@X#' -#42-2-,' :&4#+' )2*' %&+#&*' &7#$&*' /&*' +#421&' <' $,' #*7#+&+' &' B/%2),' )2$"%,;' &-#)I*' -#
#*%"-2&+'#/'N2$'-#'*#)&$&;'-#'#*&'N,+)&'$,'%#$-+G'#*#'4,$N/24%,'@+#*7,$-#'#/':2Q,8
@EF"G' 7&*&+6&' *2' 2$4")7/#*' %"' 7+,)#*&H' j("#' G/' $2V,' *"02#+&' /&*' 7,*21/#*' 4,$*#4"#$42&*' ("#
:&1+6&$'*2'2$4")7/#'*"'7&/&1+&k8
@L&7I;'7+,7,$0,'$,'Q"0&+'NB%1,/'7,+'"$')#*8
@p"#$,;' :2Q,;' )#' 7&+#4#$' 1"#$&*' #*%+&%#02&*' #$' %#,+6&;' 7#+,' *2' #*%I*' -#' &4"#+-,;' )#' 0"*%&+6&
+#"$2+)#' 4,$%20,' *#)&$&/)#$%#' 7&+&' 4,$3#+*&+' *,1+#' #/' &3&$4#' -#' %"*' 4,)7+,)2*,*' @4,)#$%&' #/
7&7I'<'42#++&'/&'4,$3#+*&425$8
J*%&'4,$3#+*&425$'-#/'7&-+#'4,$'#/':2Q,'N,)#$%&'/&'*#$*&425$'-#'&"%,$,)6&'-#/'$2V,8

K/%0:0.".
=$' 7&-+#' //#0&' &' *"' 4&*&' -#*7"G*' -#' %+&1&Q&+' <' *#' #$4"#$%+&' #$' )#-2,' -#' "$' #*4I$-&/,' #$' #//&8' J$' /&' 7"#+%&' -#
#$%+&-&'#*%I'/&'3#42$&'("#QI$-,*#'-#'*"':2Q,'-#'4&%,+4#'&V,*;'-242#$-,'("#'G*%#':&16&'%+#7&-,'4,$'"$&'N2/)&-,+&':&*%&
/&'3#$%&$&'-#/'1&V,'-#'*"'-#7&+%&)#$%,'#$'-,$-#'*"':2Q&'#*%&1&'1&VI$-,*#8'M&'*#V,+&'#*%I'2$)#+*&'#$'N"+2&'0+2%&$-,
("#'#/':2Q,'#*'"$'2$),+&/;'("#':&'N2/)&-,'&'*"':2Q&'-#*$"-&'<'("#'*#0"+,'/,'3&'&'*"12+'&'2$%#+$#%8'J/'7&-+#'%+&$("2/2D&'&'/&
*#V,+&'<'/#'-24#'("#'3&'&'%#$#+'"$&'4,$3#+*&425$')"<'*#+2&'4,$'*"':2Q,O'/"#0,'#$%+&'&'/&'4&*&'<'*#'-2+20#'&'/&':&12%&425$
-#/')"4:&4:,;'-,$-#'/,'3#'4,$'"$&'4&+&'-#'4"/7,*,'<'-#')"4:,'%#),+8
>2' "*%#-' N"#+&' #/' 7&-+#;' #$' 1&*#' &' /,' )#$42,$&-,' &$%#+2,+)#$%#;' E("G' /#' -2+6&' &' *"' :2Q,;' 4"2-&$-,' -#' N,)#$%&+' *"
&"%,$,)6&H'X&0&'"$&'7&"*&'<'/"#0,'*20&'/#<#$-,8

L,*21/#)#$%#'/,'("#'/#'7+,3,("#'&')"4:&*'7#+*,$&*'#*'0+2%&+'<'4&*%20&+'&'*"':2Q,'7,+'/&'N&/%&'%&$
0+&3#'("#'&4&1&'-#'4,)#%#+8'L#+,'+#4"#+-#;'#$'"$'7+,1/#)&'*2#)7+#':&<'-,*':2*%,+2&*8'J/'7&-+#'<&
#*4"4:5' &' /&' &0+&32&-&O' N&/%&' #*4"4:&+' /&' :2*%,+2&' -#/' `&0+#*,+a;' #$' #*%#' 4&*,' #/' :2Q,8' J*' )"<
2)7,+%&$%#'4,$%&+'4,$'%,-&'/&'2$N,+)&425$'7&+&'$,'4,)#%#+'"$'&4%,'2$Q"*%,8'W*%#'#*'"$'4&*,'+#&/8
=$&'4,$3#+*&425$'("#'N,)#$%#'/&'&"%,$,)6&'7,-+6&'*#+'/&'*20"2#$%#?
@X2Q,;'E)#'7"#-#*'7,+'N&3,+'#C7/24&+'("G':&'7&*&-,H'@7+#0"$%&'#/'7&-+#8
@M,'("#'7&*&'7&7I'#*'("#'#*%I1&),*'4,$'J+$#*%,;')2'&)20,;'Q"0&$-,'4,$'/&'4I)&+&'<'&'G/'*#'/#
,4"++25'%+#7&+'&/'1&V,'#'2$%#$%&+'N2/)&+'&'/&'3#42$&;'7#+,'$,'N2/)&),*'$&-&;'%#'/,'7"#-,'-#),*%+&+'@
4,)#$%5'#/':2Q,8

@X2Q,;'E%#':&*'7"#*%,'&'7#$*&+'45),'*#'*2#$%#'/&'3#42$&'7,+'#*%,*'&4%,*H'E!5),'%#'*#$%2+6&*'*2'#*%,
*#'/,':&4#$'&'%"':#+)&$&','&'%"')&)IH'@7+#0"$%5'#/'7&-+#8
@A#'*#$%2+6&'%#++21/#8'>G'("#':#':#4:,'"$&'%+#)#$-&'#*%"72-#D;')#'-#QG'//#3&+'7,+'/,'("#'-#46&')2
&)20,' @+#7/245' #/' :2Q,' j3&/#' /&' 7#$&' *#V&/&+' ("#' #/' &-,/#*4#$%#' #*%I' ),%23&-,' #C%+6$*#4&)#$%#
1"*4&$-,'/&'&4#7%&425$'-#'*"'&)20,k8
@E!+##*'("#'#*%,'("#':&*':#4:,'%+&#+I'4,$*#4"#$42&*H'@7+#0"$%&'#/'7&-+#8
@>6;'7&7I'@+#*7,$-#'#/':2Q,8
@E!"I/'4+##*'%B'("#'7,-+6&$'*#+'#*%&*'4,$*#4"#$42&*;'#$%,$4#*H'@7+#0"$%&'#/'7&7I8
@EF"#-&+)#'"$')#*'*2$'Q"#0,*'#/#4%+5$24,*'<'"$')#*'*2$'2$32%&+'&'&)20,*'&'/&'4&*&H'@+#*7,$-#
#/':2Q,'j/&*'4,$*#4"#$42&*'*,$'4,$*2-#+&-&*'0+&$-#*'7,+'#/'7&-+#k8
@EF"G':&*'7#$*&-,':&4#+'4,$'+#*7#4%,'&'/&'3#42$&H'jJ/':2Q,'*#'("#-&'#$'*2/#$42,;'7#$*&$-,'*2$
-#42+'$&-&k8
@E!+##*'("#'*#+6&'1"#$,'7#-2+/#'-2*4"/7&*H'@7+#0"$%5'#/'7&-+#8
@A#'-&')"4:&'3#+0t#$D&;'7+#N#+2+6&'$,':&4#+/,'@+#*7,$-#'#/':2Q,8
@p"#$,;' :2Q,;' +#*7#%,' ("#' $,' %#' 7&+#D4&;' 7#+,' E:&*' 7#$*&-,' #$' 45),' *#' *2#$%#' #//&H' L#-2+
-2*4"/7&*' #*' 7&+%#' 2)7,+%&$%#' -#' +#7&+&+' /,' ("#' :#),*' :#4:,8' J$' #*%#' 4&*,;' #+#*' %B' /&' 7#+*,$&
+#*7,$*&1/#'-#'#*%&'N&/%&'<'/&'*#V,+&'<'*"':2Q&'*#':&$'32*%,'&N#4%&-&*8
@J*%I'12#$;'7&7I'@+#*7,$-#'#/':2Q,8
J/' 7&-+#' :&' /,0+&-,;' &' %+&3G*' -#' #*%&' 4,$3#+*&425$;' ("#' #/' 7+,72,' :2Q,' +#N/#C2,$#' &4#+4&' -#' *"
4,)7,+%&)2#$%,;'/,'&<"-&'&'3#+'/&*'4,$*#4"#$42&*'("#'%2#$#'*"'&4%"&425$'#$',%+&*'7#+*,$&*'<'//#0&$'&
-#N2$2+'/&*'+#7#+4"*2,$#*'-#'*"*'&4%,*;'7"#*'#/')2*),':2Q,'N"#'("2#$'-#N2$25'/&*'4,$*#4"#$42&*'-#'/,*
)2*),*8' L#+,' #/' 7&-+#;' &-#)I*;' ("#+6&' ("#' #/' &-,/#*4#$%#' *#' -2*4"/7&+&' <;' *2' 12#$' /#' -24#' `#*
2)7,+%&$%#'("#'%#'-2*4"/7#*a;'/#'#C7/24&'("#'#/'-2*4"/7&+*#'#*'7&+%#'-#'+#7&+&+'#/'-&V,'4&"*&-,8'R"$
4"&$-,' #/' 7&-+#' -&' *"' ,72$25$;' $,' /#' -24#' `-#1#*a' ,' `%2#$#*a' ("#' :&4#+' &/0,?' /#' -24#' ("#' #*
2)7,+%&$%#;'"$&'7&/&1+&'("#'$,'#*'7#+4212-&'4,),'4,$%+,/&-,+&8'AI*'&B$;'/#'#C7/24&'/&*'+&D,$#*'7,+
/&*'("#'#*'2)7,+%&$%#'-2*4"/7&+*#8
!,),' )#$42,$&' /&' 42%&' &/' 2$242,' -#/' 4&76%"/,?' `9,' *#' 7"#-#' N,+)&+' :2Q,*' &"%5$,),*' <' /21+#*' *2
7+2)#+,' $,' $,*' :#),*' /21#+&-,' -#' /&*' 4&-#$&*' -#' $"#*%+,' #0,a;' 4"&$-,' #*%&),*' 4,$%+,/&-,*' 7,+
$"#*%+,' #0,;' %#$-#),*' &' 4,$%+,/&+' &' /,*' -#)I*8' =$&' N,+)&' ("#' %2#$#' #/' #0,' -#' )&$2N#*%&+*#' #$
$"#*%+&*'32-&*'#*'&'%+&3G*'-#':&4#+$,*'*#$%2+'7,-#+,*,*;'#$'4,$%+,/;','&'%+&3G*'-#'0+2%&+'<')&/%+&%&+'&
,%+,*8
>2'("#+#),*'N,+)&+':2Q,*'&"%5$,),*;'#*'2)7,+%&$%#')&$#Q&+'$"#*%+,'#0,'7&+&'("#'$,'$,*'4,/,("#

#$'"$&'7,*2425$'-#'-,)2$2,'<'-#'7,-#+'("#'7#+Q"-2("#'/&'N,+)&425$'&"%5$,)&'-#'/&*'7#+*,$&*'("#
)I*'("#+#),*?'$"#*%+,*':2Q,*8

;').0U$/0')-7%().7)/-7"-)&,)"9807,%7).7
"&%(,(9$")7,)7')3(B"-

!W)$ (+4)(&$ 5&+$ #$ ,'$ *#9+&$ L3+2#'93$ #$ ,'$ A4R3$ 63'(+37#93+$ )4'
>,&$)&$9O$6,&'(#$9&7$9#M3$>,&$7&$&)(G$6#,)#'93$&'$),$549#B8
'$+*"&,*-)./$0

D")'087-%".),()57)#0.7
!"#$%&$'("#'"$'+#<'%#$6&'"$'7&Q&+2%,'("#'7,-6&':&1/&+'#$'"$&'Q&"/&8'J/'+#<'&)&1&'#*%#'7&Q&+2%,'7,+("#'#+&'#/'B$24,
*#+'4,$'#/'("#'4,$3#+*&1&8'=$'-6&;'4,$3#+*&$-,'/#'-2Q,?
@K,'*,<'#/'+#<'<'%#'+#0&/,'#/'-#*#,'("#'("2#+&*8
@M,'B$24,'("#'("2#+,'#*')2'/21#+%&-'@/#'-2Q,'#/'7&Q&+2%,8
L#+,'#/'+#<'/#'#C7/245'("#'#*#'-#*#,'#+&'2)7,*21/#;'("#'G/'#+&'*"'B$24,'&)20,'<'("#'$,'7#$*&1&'/21#+&+/,8
L&*5'#/'%2#)7,'<'"$'-6&'#$'#/'("#'#/'+#<'*#'21&'-#'32&Q#'/#'-2Q,'&'*"'7&Q&+2%,?
@J*%,<'32&Q&$-,;'E("2#+#*'("#':&0&'&/0,'7,+'%2H
@>6;')2'+#<8'F"2#+,'("#'4"&$-,'#*%G'#$')#-2,'-#/'4&)7,'0+2%#'&'%,-&*'3,4#*'("#'#/'7IQ&+,'("#':&1/&'#*%I'#$4#++&-,
#$'*"'4&*&'@4,)#$%5'#/'7&Q&+2%,8
R/'+#<'/#'7&+#425')"<'#C%+&V,'*"'7#-2-,;'7#+,'&44#-25'&':&4#+/,8'!"&$-,'#/'+#<'#*%"3,'#$'#/')#-2,'-#/'4&)7,;'0+2%5
)2+&$-,'&/'42#/,'#/'7#-2-,'-#'*"'&)20,'#$4&+4#/&-,8'M"#0,'-#':&4#+/,;'"$'7IQ&+,'4&<5'&/'*"#/,'<'("#-5'2$)532/8'J/'+#<
$,'#$%#$-6&'/,'("#'7&*&1&;'7,+'("G':&16&')"#+%,'"$'7IQ&+,8'M"#0,'4&<5',%+,'<',%+,;'&*6'4&<#+,$')I*'-#'-2#D8'J/'+#<
7#$*5?' `E>#+I' 7,*21/#' ("#' #*%G$' )"+2#$-,' -#' 7#$&Ha8' !"&$-,' #/' +#<' +#0+#*5' &' *"' 7&/&42,;' /#' 4,$%5' 4,$' %+2*%#D&' &' *"
7&Q&+2%,'/,',4"++2-,'#$'#/'4&)7,8'M#'4,$%5'("#'&7#$&*':&16&'0+2%&-,':&16&$'4&6-,')"#+%,*'-2#D'7IQ&+,*8
R/' %#+)2$&+' -#' 4,$%&+' /&' :2*%,+2&;' #/' 7&Q&+2%,' 4&<5' &/' 72*,' 2$)532/8' J/' +#<' $,' #$%#$-6&' /,' ("#' 7&*&1&8' A2+5' :&42&' /&
Q&"/&;'32,'&'*"')#Q,+'&)20,')"#+%,;'&1+25'/&'Q&"/&'<'/,'7"*,'#$'/&'4,+$2*&'-#'/&'3#$%&$&8'!"&$-,'%#$6&'/I0+2)&*'#$'*"*
,Q,*;'#/'7&Q&+2%,'*#'/#3&$%5'<'3,/5':&42&'*"'/21#+%&-'&%#++2D&$-,'#$'"$'I+1,/'4#+4&$,'&'/&'3#$%&$&8'J/'7&Q&+2%,'/#'-2Q,'&/'+#<?
@>2$'*&1#+/,;')#'),*%+&*%#'/&'N,+)&'-#'#*4&7&+'-#'%"'7+2*25$O'7#+,'/,')I*'2)7,+%&$%#'("#':#'&7+#$-2-,':,<'#*'("#
/&'/21#+%&-'$,'*#'72-#;'/&'/21#+%&-'*#'%,)&8

!"&$-,'/,*'7&-+#*'-&$'"$&'N,+)&425$'4,$%+,/&-&;'`#$4&+4#/&$a'&'*"*':2Q,*'#$'"$&'7+2*25$'4,),'#/
7&Q&+2%,' #$' /&' Q&"/&;' &/0"$,*' :2Q,*' +#&442,$&$' 4,),' #/' 7IQ&+,' <' *#' +#1#/&$' %+&%&$-,' -#' 1"*4&+' *"
/21#+%&-;')"4:&*'3#4#*'-#'"$&'N,+)&'#("23,4&-&8'S%+,*':2Q,*'*#'("#-&$'#$'/&'`4I+4#/a'%,-&'/&'32-&;
#*7#+&$-,'("#'*"*'Q#N#*;'#*7,*,j&k','&)20,*'*#&$'4,$%+,/&-,+#*'4,$'#//,*'<'/#*'-20&$'/,'("#'%2#$#$
("#':&4#+8

J$' #*%#' *"14&76%"/,' -&+#),*' &/0"$&*' *"0#+#$42&*' -#' 45),' 4+#&+' "$' #$%,+$,' ("#' N,)#$%#' /&
&"%,$,)6&'#$'#/':,0&+?
*c);5%"8'7/7-)'"5)-7B'"5)/'"-"5c'!"&$-,'"$&'4&$4:&'-#'NB%1,/'#*%I'12#$'-#)&+4&-&;'%,-,*'*&1#),*
4"I$-,'/&'7#/,%&'#*%I'#$'#/'I+#&;','*&/#'&/'45+$#+;','*&/#'&/'/&%#+&/8'U#'/&')2*)&'N,+)&;'#*'$#4#*&+2,
("#' /,*' 7&-+#*' /#*' `)&+("#$' /&' 4&$4:&a' &' *"*' :2Q,*' #*%&1/#42#$-,' /6)2%#*' 4/&+,*' <' /&*' +#0/&*' -#' /&
4&*&8'L,+'#Q#)7/,;'#*'2)7,+%&$%#'("#'-#N2$&$'4"I/#*'*,$'/&*'+#*7,$*&12/2-&-#*'-#'/,*':2Q,*;'/&*'("#
7"#-#$' 4,$*2*%2+' #$' :&4#+' %,-&*' *"*' %&+#&*' ,' #*%"-2&+' 7&+&' #CI)#$#*8' T&)12G$' 4&1#' ("#' *#V&/#$
4"I/#*'*,$'/&*'+#0/&*'4,$'+#*7#4%,'&/',+-#$'<'/2)72#D&;'4,$'+#*7#4%,'&'/&*'*&/2-&*'<':,+&*'-#'//#0&-&;
4,$' +#*7#4%,' &' 1#12-&*' &/4,:5/24&*' @#$' #/' 4&*,' -#' /,*' &-,/#*4#$%#*@;' 4,$' +#*7#4%,' &' /&
4,)"$24&425$' @4&-&' 4"I$%,' %2#)7,' *#+6&' 1"#$,' //&)&+' &' /,*' 7&-+#*' 4"&$-,' *&/#$@' ,' *2' :&<' ("#
&32*&+'4"&$-,'4&)12&$'-#'"124&425$8'R-#)I*;'4,$32#$#'&4/&+&+'%,-&*'/&*'#C7#4%&%23&*'("#'"*%#-'%2#$#
4,$' *"*' :2Q,*8' L,+' #Q#)7/,;' <,' #*7#+,' ("#' )2' :2Q,' *#&' :,$#*%,;' ("#' )#' -20&' /&' 3#+-&-' &"$("#' )#
-"#/&;'("#'*#&'Q"*%,'<'+#*7#%",*,'-#'/,*'-#)I*;'#$%+#',%+&*'#C7#4%&%23&*8
T&)7,4,'*#'%+&%&'-#'-#42+'`G*%&*'*,$'/&*'+#0/&*'<'*#'4")7/#$a8'J*'2)7,+%&$%#'("#'#*%&*'+#0/&*'*#&$
7+,7"#*%&*'#$'4,$Q"$%,'4,$'/,*':2Q,*8'F"2DI*'7"#-#'*#+'("#'/,*'7&-+#*'7+,7,$0&$'/&*'+#0/&*'<'+#421&$
#/'&7,+%#'-#'*"*':2Q,*8'9"#*%+,*':2Q,*'%2#$#$'"$&'7#+*7#4%23&'-2N#+#$%#'&'/&'$"#*%+&'("#'3&/#'/&'7#$&
#*4"4:&+8'R"$("#'/,*':2Q,*'$,'*2#)7+#'%#$0&$'/&',7425$'-#'-#42-2+;'&/'4,$%+21"2+'&'/&'-2*4"*25$'7,+'/,
)#$,*'*2#$%#$'("#'7&+%2427&$'#$'-#N2$2+'*"'-#*%2$,8'l$4/"*,'&"$("#'$,'#*%G$'-#'&4"#+-,;'/&'7#+*,$&
#*%I'#$')#Q,+'-2*7,*2425$'7&+&'%,)&+'#$'4"#$%&'/&'7#+*7#4%23&'-#/',%+,'2$%#+/,4"%,+f]8'R-#)I*;'*2'/#
-#42),*' 7,+' ("G' #*' 2)7,+%&$%#;' /,0+&),*' ("#' /&' ,%+&' 7#+*,$&' #*%G' #$' )#Q,+' -2*7,*2425$' 7&+&
2$%#+$&/2D&+'<'&4#7%&+'3,/"$%&+2&)#$%#'/&*'+#0/&*'<'/,*'/6)2%#*;'#$%+#',%+,*fb8'_2$&/)#$%#;'#*'2)7,+%&$%#
-#N2$2+'-#'&$%#)&$,'@#$'%&$%,'*#&'7,*21/#@'/&*'4,$*#4"#$42&*'-#'+,)7#+'/&*'+#0/&*'&4,+-&-&*'<'("#
*#&$'4,$,42-&*'7,+'%,-,*'/,*'2)7/24&-,*8'=$&'3#D'("#'/&*'+#0/&*;'/6)2%#*'<'#C7#4%&%23&*'*#'-#N2$#$;'/&
1&*#'7&+&'N,)#$%&+'/&'&"%,$,)6&'#*%I'*#$%&-&8'A"4:&*'3#4#*'/,*'7+,1/#)&*'32#$#$'4"&$-,'/,*'7&-+#*
$,'*#'7,$#$'-#'&4"#+-,'#$'/&*'+#0/&*;','4"&$-,'-#42-#$'+,)7#+/&*'7,+("#'#*%I$'4&$*&-,*'<'("2#+#$
#32%&+'7+,1/#)&*'4,$'/,*':2Q,*8
Ec) e-(9(:7-) 6&7) '(5) 30](5) %7,B",) '") (#(-%&,0.".) .7) 75/(B7-) M) .7/0.0-) .7,%-() .7) '(5) '$90%75
"/(-.".(58' =$&' 3#D' -#N2$2-&' /&' 4&$4:&;' #*' 4+"42&/' ("#' #/' :2Q,' *2#$%&' ("#' %2#$#' &"%,$,)6&' 7&+&
),3#+*#'-#$%+,'-#'#//&'*2$'4,$*"/%&+'&'/,*'7&-+#*'%,-,'#/'%2#)7,8'L,+'#Q#)7/,;'*2'#$'/,*'/6)2%#*'*#
-#N2$25'("#'/&*'%&+#&*'*#'#$%+#0&$'&'%2#)7,;'-#Q#),*'("#'$"#*%+,*':2Q,*'-#42-&$'4"I$-,':&4#+/&*8'>2
#$'/,*'/6)2%#*'*#'-#N2$25'("#'#/':2Q,'7"#-#'3#+'-2#D':,+&*'-#'%#/#32*25$'&'/&'*#)&$&;'("#'G/'-#42-&
4"I$-,'/&*'"*&8'U#Q#),*'("#'$"#*%+,*':2Q,*'*#'*2#$%&$'&"%5$,),*'-#42-2#$-,'<'#/202#$-,'/,'("#':&4#$
-#$%+,' -#' /&' 4&$4:&' -#)&+4&-&8' T&)12G$' #*' 2$%#+#*&$%#' +#4&/4&+' ("#' &' 3#4#*' /,*' :2Q,*' $,' %2#$#$

,7425$' &4#+4&' -#' :&4#+' &/0,' ,' $,;' *2$,' ("#' :&<' ("#' :&4#+/,O' #$%,$4#*;' #$' #*%,*' 4&*,*' %+&%#),*' -#
-&+/#*' /&' ,7425$' -#' ("#' 7"#-&$' -#42-2+' 4"I$-,' :&4#+' &/0,' j<&' ("#' $,' 7"#-#$' -#42-2+' -#Q&+' -#
:&4#+/,kfY8
Fc) e-(9(:7-) 6&7) '(5) 30](5) -75&7':",) M) 57) 3"B",) /"-B() .7) 5&5) #-(8'79"5d) 7:0%"-) '"
5(8-7#-(%7//01,8'T,-,*'("#+#),*'("#'&'$"#*%+,*':2Q,*'/#*'3&<&'#C4#/#$%#;'7#+,')"4:,*'7&-+#*'4+##$
("#' +#*,/3#+' /,*' 7+,1/#)&*' -#' *"*' :2Q,*' #*' /&' N,+)&' -#' /,0+&+/,8' >2' /,*' 7&-+#*' *,1+#7+,%#0#$' &' "$
:2Q,;'G*%#'7#+-#+I'&"%,$,)6&;'7,+("#'*"*'7&-+#*'-#42-2+I$'7,+'G/8'M&'&"%,$,)6&'%2#$#'"$'4,*%,'("#'#*
/&' +#*7,$*&12/2-&-O' #*' 2)7,+%&$%#' ("#' /,*' :2Q,*' &7+#$-&$' &' :&4#+*#' +#*7,$*&1/#*' -#' *"*' GC2%,*' <
N+&4&*,*;' &*6' 4,),' -#' *"*' #("23,4&42,$#*8' J$' /"0&+' -#' -#42+/#*' /,' ("#' %2#$#$' ("#' :&4#+' 4"&$-,' *#
#("23,4&$',':&4#+'/&*'4,*&*'7,+'#//,*;'#*')#Q,+'7+#0"$%&+/#*'45),'72#$*&$'#$N+#$%&+'*"'7+,1/#)&',
#("23,4&425$;'("G':&$'&7+#$-2-,;'("G':&+6&$'-2N#+#$%#'/&'7+5C2)&'3#D8'!"&$-,'*,1+#7+,%#0#),*'&'"$
:2Q,'/#'#*%&),*'-242#$-,;'2$-2+#4%&)#$%#;'("#'$,'4,$N2&),*'#$'*"'4&7&42-&-'7&+&'#$N+#$%&+'/&'32-&8
M,'("#'#*'7#,+;'#$'&"*#$42&'-#'&/0"2#$'("#'/#'-20&'("G':&4#+;'$,'*&1+I'("G'#*'/,'("#'+#&/)#$%#'-#*#&
:&4#+'G/;'7"#*'#*%I'&4,*%")1+&-,'&'("#',%+,*'-#42-&$'7,+'G/8
Hc);:0%"-)7')'7,B&"]7)/(,%-('".(-8'J32%&+'"*&+'#$"$42&-,*'4,),'/,*'*20"2#$%#*?'`>#':&4#'7,+("#'<,
/,'-20,a;'`-#1#*':&4#+'888a;'`%2#$#*'("#':&4#+888a;'`#*%I*',1/20&-,'&888a;'`$#4#*2%&*':&4#+'#*%,Pa;'`P
$,' 72#$*#*;' *5/,' :&D/,a8' K' )I*' 12#$;' %+&%&+' -#' "*&+' #$"$42&-,*' )#$,*' 4,$%+,/&-,+#*' 4,),?' `#*
2)7,+%&$%#' ("#' :&0&*' #*%,' 7,+("#888a;' `#*' +#4,)#$-&1/#' ("#' :&0&*' #*%,' 7,+("#888a;' `#*' B%2/
7,+("#Pa;'`#*'3&/2,*,'7,+("#Pa;'`*#'&/2$#&'4,$'%"*'3&/,+#*'#$Pa8'JC7/24&+'/&*'+&D,$#*'7&+&':&4#+
&/0,'("#'#*'&1"++2-,'&<"-&'&'#*%&+'#$')#Q,+#*'4,$-242,$#*'7&+&':&4#+/,ff8'T&)12G$'4,$32#$#'#32%&+
*"12+' /&' 3,D' 7&+&' -&+' 5+-#$#*' ,' :&4#+' 4,)#$%&+2,*8' >"12+' /&' 3,D' $,' *5/,' 7"#-#' 0#$#+&+' )2#-,;
3#+0t#$D&;' 4"/7&' <' :&*%&' %+&")&*;' *2$,' ("#' +#*"/%&' #$' "$' #*%2/,' %,%&/)#$%#' &"%,+2%&+2,' ("#' N+"*%+&' /&
$#4#*2-&-' -#' &"%,$,)6&8' \#4"#+-#' ("#' 2$-24&+' /&*' )#%&*' #)7/#&$-,' "$' /#$0"&Q#' -#' &7,<,' &' /&
&"%,$,)6&'%+&#'1"#$,*'1#$#N242,*fi8
Jc);:0%"-)9",0#&'"-)")'(5)30](5)/(,)'")/&'#"c)A"4:,*'7&-+#*'*,$'4,$%+,/&-,+#*'4,$'*"*':2Q,*;'7#+,'/,
4&)"N/&$'4,$'/&'4"/7&8'L,+'#Q#)7/,;'4"&$-,'"$'7&-+#'/#'-24#'&'*"':2Q,?'`A2+&'%,-,'/,'("#'<,':#':#4:,
7,+'%2'<'%B'$,'#+#*'4&7&D'-#888a;'#/':2Q,'*#'*2#$%#'%,%&/)#$%#'4,$%+,/&-,8'J*')#Q,+'*#+'%+&$*7&+#$%#*;'$,
"*&+' /&' 4"/7&' <' -#42+/#*' &' $"#*%+,*' :2Q,*' /,' ("#' ("#+#),*' -#' #//,*8' L,+' #Q#)7/,?' `X2Q,;' #*' )"<
2)7,+%&$%#' ("#' ,+-#$#*' %"' 72#D&' 7,+("#Pa8' >2;' &-#)I*;' /,' ("#' ("2#+#' ("#' :&0&$' *"*' :2Q,*' <&' N"#
7&4%&-,' #$' *"*' +#0/&*;' 7"#-#' 7+#0"$%&+/#' ("G' #*%I' 7&*&$-,' 7&+&' ("#' $,' #*%G' 4")7/2#$-,' 4,$' *"*
4,)7+,)2*,*;'#*4"4:&+'*"'+#*7"#*%&'<'1"*4&+'*,/"42,$#*'Q"$%,*8

Sc) e7-90%0-) 6&7) '(5) 30](5) #&7.",) /&75%0(,"-) .7) U(-9") -75#7%&(5") '"5) (#0,0(,75) .7) 5&5) #".-758
F"#+#),*'4+#&+'"$'&)12#$%#':,+2D,$%&/;'-,$-#'/,*':2Q,*'7"#-&$'#C7+#*&+'*2$')2#-,*'*"*',72$2,$#*8
R)12#$%#*' &/' #*%2/,' 4&*%+#$*#' <' 3#+%24&/#*' N+"*%+&$' /&' &"%,$,)6&' -#' /,*' :2Q,*;' 7,+("#' 7+#N2#+#$' $,
-#42-2+','$,'#/#02+'#$'*"*'32-&*'7,+'%#),+'&/'4&*%20,','&/')&/%+&%,8'!"#*%2,$&+'/&*'2-#&*'4,$'+#*7#%,
/,*' N,+)&' :&42&' #/' N"%"+,' 4,),' 7#$*&-,+#*' &"%5$,),*;' 4&7&4#*' -#' 4,)"$24&+' *2$' )2#-,' *"*
-2*4+#7&$42&*'4,$',%+,*8
Vc);9#"%0\"-)/(,)'(5)30](5c)R'3#4#*;'/,*':2Q,*'7"#-#$'7,$#+')&/&*'4&+&*'7&+&':&4#+'&/0,'("#'$,'/#*
2$%#+#*&' ,' 7&+&' /,' 4"&/' $,' #*%I$' ),%23&-,*;' <' )"4:&*' 3#4#*' /&' 7+2)#+&' +#&4425$' -#' /,*' 7&-+#*' #*?
`X&4#*'#*%,'<;'-#'7&*&-2%&;')#'3&*'4&)12&$-,'%"'4&+&a;','`-#Q&'-#'7,$#+'#*&*'4&+&*'<':&D'/,'("#'%#
-20,a8' !&-&' 3#D' ("#' 7"#-&;' #)7&%24#' 4,$' *"' :2Q,?' `J$%2#$-,' ("#' #*%G*' ),/#*%,;' *2$' #)1&+0,' #*
2)7,+%&$%#' ("#Pa8' S%+&*' 3#4#*;' *2' #*' 7,*21/#;' #*7#+#' "$' ),)#$%,' #$' #/' ("#' $,' #*%G' ),/#*%,' <
#$4"#$%+#'"$'#*7&42,'7&+&':&1/&+'4,$'G/'<'1"*4&+'*"'4,/&1,+&425$'*2$'2)7,$#+*#'*,1+#'*"':2Q,fZ8
!"&$-,'#)7&%2D&),*'4,$'$"#*%+,*':2Q,*'/#*'-&),*'"$'#*7&42,'4,),'7#+*,$&*8'\#4,$,4#),*'*"*
2$%#+#*#*;'*"*'$#4#*2-&-#*;'*"*',72$2,$#*'<'#),42,$#*'<'/#*':&4#),*'*#$%2+'("#'3&/#$'4,),'7#+*,$&*;
N,)#$%&$-,'*"'&"%,$,)6&8
Wc) !&",.() &,) 30]() 57) 5"'7) .7) '(5) '$90%75d) 9",7]"-) 7') 7#05(.0() 9(.7'",.() M) U(97,%",.() '"
"&%(,(9$"c' J*' )"<' NI42/' 4&#+' #$' #/' &"%,+2%&+2*),;' /#3&$%&+' /&' 3,D' #' 2)7,$#+' "$' 4&*%20,' 4"&$-,
#*%&),*' ),/#*%,*' 4,$' $"#*%+,*' :2Q,*' 7,+' +,)7#+' /&*' +#0/&*' 7&4%&-&*8' L#+,' +#4"#+-#' ("#' *"*' :2Q,*
%&)12G$'&7+#$-#$'-#'/&*'4,$-"4%&*'-#'"*%#-O'7,+'/,'%&$%,;'*#&'4,:#+#$%#'4,$'*"')&$#+&'-#'&4%"&+8'R
4,$%2$"&425$'/#*'4,)#$%,'"$'4&*,'+#&/8

;.&/"-)/(,)"&%(,(9$")-76&07-7)#"/07,/0"
\#$D,'<'}2)#$&'*,$'/,*'7&-+#*'-#'>,N6&;'"$&'&-,/#*4#$%#'("#'7+5C2)&)#$%#'4")7/2+I'("2$4#'&V,*8'R)1,*'7&-+#*
#*%I$')"<'7+#,4"7&-,*'7,+'N,+)&+'&'*"':2Q&'7&+&'("#'*#&'&"%5$,)&'<':&$'-#N2$2-,'4/&+&)#$%#'/,*'/6)2%#*'<'/&*'+#0/&*
-#' /&' 4&*&8' >,N6&;' :&*%&' :&4#' %+#*' )#*#*;' *#' 4,)7,+%&1&' -#' N,+)&' )"<' +#*7,$*&1/#;' +#*7#%&$-,' *"*' /6)2%#*8' >2$
#)1&+0,;' "$' -6&' 4"&$-,' /&' +#4,02#+,$' -#' "$&' N2#*%&' *&/25' %,%&/)#$%#' &/4,:,/2D&-&8' _"#' "$' 0,/7#' )"<' -"+,' 7&+&' /,*
7&-+#*;'("2#$#*'7#$*&1&$'("#;'-&-,'("#',+2#$%&+,$'/&'N,+)&425$'-#'*"':2Q&':&42&'/&'&"%,$,)6&;'#//&'$,'%#$-+6&'7,+'("G
+#1#/&+*#8'>,N6&'4,$%5'("#'%,-&*'*"*'&)20&*'#*%&1&$'&/#0+#*'<'*"N+25'/&'7+#*25$'-#'0+"7,'7&+&'("#'#//&'%,)&+&'%&)12G$8
>#0B$' /&*' +#0/&*' -#' /&' 4&*&;' >,N6&' 7,-6&' %,)&+' )IC2),' "$' %+&0,' %,-&' /&' $,4:#;' 7#+,' -#' $2$0"$&' )&$#+&
#)1,++&4:&+*#8'M,*'7&-+#*;'&'7#*&+'-#'#*%&+')"<'),/#*%,*'4,$'/&'*2%"&425$;'/&')&$#Q&+,$'N,)#$%&$-,'/&'&"%,$,)6&8'R/
-6&'*20"2#$%#'4,$3#+*&+,$'4,$'#//&?
@EF"G'7&*5'#/'-6&'-#'&<#+H'@7+#0"$%&+,$'/,*'7&-+#*'j#*4"4:&+'/&',%+&':2*%,+2&k8
@U2*4"/7#$;')#%6'/&'7&%&;')#'-#QG'//#3&+'7,+'/&'7+#*25$'-#')2*'&)20&*'<'%,)G'-#)&*2&-,8'>G'("#':24#')"<')&/'@

+#*7,$-25' /&' :2Q&' j4&1#' +#*&/%&+' ("#' >,N6&' #*%I' &4%"&$-,' 7,+' /&' ),%23&425$' #C%+6$*#4&' -#' *#$%2+*#' &4#7%&-&' 7,+' *"*
7&+#*k8
@>G'("#'#*'-2N642/'$,':&4#+'/,'("#'%,-,*':&4#$;'*,1+#'%,-,'&'%"'#-&-8'A#'2)&02$,'("#'%#'*2#$%#*')&/'@4,)#$%&+,$
/,*'7&-+#*'j#)7&%2D&+'#$'/"0&+'-#'"*&+'%,$,*'&"%,+2%&+2,*','4&*%20,*'2$)#-2&%,*'"$2/&%#+&/#*k8
@>6;')#'*2#$%,'%#++21/#'@4,)#$%5'/&':2Q&8
@X&*' +,%,' /&*' +#0/&*' -#' /&' 4&*&;' E4"I/#*' 4+##*' ("#' 7"#-#$' *#+' /&*' 4,$*#4"#$42&*' -#' /,' ("#' :&*' :#4:,H' EF"G
7+,7,$#*H'@7+#0"$%&+,$'/,*'7&-+#*'N,)#$%&$-,'/&'&"%,$,)6&8
@W*%&'#*'/&'7+2)#+&'3#D'("#'/,':&0,8'K&'&7+#$-6;'$,')#'7&*&+I'-#'$"#3,8'L+,7,$0,'("#;'4,),'4,$*#4"#$42&;')#
("#-#'"$&'*#)&$&'*2$'*&/2+'&'$2$0"$&'7&+%#'@4,)#$%5'/&':2Q&8
@=$&'*#)&$&')#'7&+#4#'7,4,'7&+&'/,'("#':&*':#4:,8'T#'7+,7,$0,'("#;'7,+'*#+'/&'7+2)#+&'3#D;'*#&$'-,*'*#)&$&*
*2$' *&/2+' &' $2$0B$' /&-,8' L#+,' &-#)I*' #*' 2)7,+%&$%#' ("#' $,' %,)#*' &/4,:,/' 7,+' "$' )#*;' /,' ("#' *20$2N24&' ("#' $,' *#+I
7,*21/#'("#'%,)#*'&/4,:,/':&*%&'-#*7"G*'-#'/&'N2#*%&'-#'-2*N+&4#*'-#'X&//,d##$'@/#'-2Q#+,$'*"*'7&-+#*8
@J*%I'12#$;')#'/,')#+#D4,'@4,)#$%5'/&':2Q&8
L&*5'"$')#*'<'%,-,'+#0+#*5'&'/&'$,+)&/2-&-8'>,N6&':&16&'+#0+#*&-,'&'*#+'/&'-#'*2#)7+#;':&*%&'("#'//#05'/&'N2#*%&'-#
-2*N+&4#*8'>,N6&'72-25'7#+)2*,'7&+&'2+'&'"$&'Q"$%&'&$%#*'-#'*"'N2#*%&8'J*#'%27,'-#'#$4"#$%+,*'-,$-#'/,*'&-,/#*4#$%#*'*#
+#B$#$'&'%,)&+'"$,*'&7#+2%23,*'&$%#*'-#'7&+%2+'&'/&'N2#*%&8'>"*'7&-+#*'/#'+#4,+-&+,$'&'>,N6&'("#':&16&$'&4,+-&-,'("#'$,
21&'&'%,)&+'#$'#*%&'N2#*%&;'7#+,'#//&'2$*2*%25'#$'("#'*5/,'("#+6&'2+'&'/&'+#"$25$'7&+&'#*%&+'4,$'*"*'&)20&*8'M,*'7&-+#*
&44#-2#+,$8
R'/&*'bY?Y[;'#/'-"#V,'-#'/&'4&*&'&'-,$-#'N"#'>,N6&'//&)5'&'*"*'7&-+#*'7&+&'-#42+/#*'("#'-#1#+6&$'+#4,0#+'&'*"':2Q&
7,+("#' #*%&1&' %,%&/)#$%#' #1+2&8' M&' $,%242&' N"#' %#++21/#' 7&+&' #//,*O' :&16&$' 4,$N2&-,' #$' #//&' <' /,*' :&16&' -#N+&"-&-,8
!"&$-,'#/'7&7I'N"#'&'1"*4&+/&;'>,N6&':&16&')&*%24&-,')"4:,'4:24/#'<'/#'-#46&'&'*"'7&-+#'("#'#*%&1&'12#$;'("#'$,':&16&
%,)&-,' $&-&8' >2$' #)1&+0,;' #//&' )2*)&' *#' -#/&%&1&' 7,+("#' $,' 7,-6&' $2' 4&)2$&+8' J/' 7&-+#' /&' *&45' &++&*%+I$-,/&' -#' /&
4&*&8' M&' 4,$-"4%&' -#' >,N6&' #+&' &B$' 7#,+' -#' /,' ("#' #*7#+&1&$' /,*' 7&-+#*?' $,' *5/,' :&16&' %,)&-,' #$' #C4#*,;' *2$,' ("#
&-#)I*'("#+6&')#$%2+'*,1+#'/,'("#':&16&':#4:,8
EF"G':&+6&'"*%#-'*2'N"#+&'#/'7&-+#H'EF"G'/#'-2+6&'&'*"':2Q&;'&'/&'4"&/'"*%#-'-2,'&"%,$,)6&'<'*#'4,)7,+%5'-#'"$&'N,+)&
%,%&/)#$%#'2++#*7,$*&1/#'#'2$4/"*,'/#')2$%25H
R/'-6&'*20"2#$%#'/&'4,$3#+*&425$'+#&/'("#'%"32#+,$'/,*'7&-+#*'N"#'/&'*20"2#$%#?
@>,N6&;'E("G'7&*5'7&+&'("#'%#+)2$#*'#$'#*&'4,$-2425$H
@L&7I;' /,' *2#$%,' )"4:,8' M&' #)1&++G' $"#3&)#$%#8' A2*' &)20&*' )#' 7+#*2,$&+,$' <' <,' 4#-68' >G' ("#' )2*' &442,$#*
%2#$#$'4,$*#4"#$42&*;'#*')2'+#*7,$*&12/2-&-'@+#*7,$-25'/&':2Q&8
@F"2#+,' -#42+%#;' :2Q&;' ("#' #/' -6&' -#' &<#+' )#' :#' *#$%2-,' %,%&/)#$%#' -#N+&"-&-,' 7,+' %28' T#' -2' &"%,$,)6&;' %#' -2' )2
4,$N2&$D&' <' $,' 7"-2*%#' 4,++#*7,$-#+)#8' F"2#+,' ("#' *#7&*' ("#' #*%,<' )"<' ),/#*%,' 7,+' /,' ("#' 7&*5' j#/' 7&-+#' #*%I
),/#*%,;'7#+,'$,'/#3&$%&'/&'3,D8'J*%I'-242#$-,'45),'*#'*2#$%#;'*"'2$%#$425$'$,'#*'0#$#+&+'4"/7&'#$'/&':2Q&k8'M"#0,'-#
"$&'7&"*&;'4,$%2$"5?
@X2Q&;' #/' 7+,1/#)&' #*' ("#' #*' /&' *#0"$-&' 3#D' ("#' ,4"++#' #$' )#$,*' -#' "$' )#*;' 7#+,' &-#)I*' 2$%#$%&*%#' )#$%2+)#
-242G$-,)#'("#'$,':&16&*'%,)&-,;')#'*2#$%,'%#++21/#'@4,)#$%5'#/'7&-+#8
@T2#$#*'+&D5$;'$,'7"#-#*'4,$N2&+'#$')68'J*')I*;'<&'$,'*G'*2'<,'7"#-,'4,$N2&+'#$')6')2*)&'@+#*7,$-25'/&':2Q&8
@EJ$%2#$-#*' ("#' %"' 4,$-"4%&' :&' *2-,' %#++21/#H' T,-,*' $"#*%+,*' &4%,*' %2#$#$' 4,$*#4"#$42&*' EF"G' 4,$*#4"#$42&*
7+,7,$#*'#*%&'3#D'<'7,+'("G'4+##*'("#'3&'&'N"$42,$&+'#$'#*%&,4&*25$H'@7+#0"$%5'#/'7&7I8
@L+,7,$0,'#*%&+'#/')#*'-#'$,32#)1+#'*2$'*&/2+'&'$2$0B$'/&-,'<'$,'%#$#+'7#+)2*,'7&+&'%,)&+'$&-&'4,$'&/4,:,/'7,+
*#2*')#*#*'@4,)#$%5'/&':2Q&@8'J*%&'3#D'*6'3&'&'N"$42,$&+'7,+("#')#':#'*#$%2-,'7G*2),'&/'-6&'*20"2#$%#;'#*%,'$"$4&
)#':&16&'7&*&-,O'$"$4&')I*'72#$*,'%,)&+'&*6;')#':&4#'-&V,;'<&'&7+#$-68
@J/' 7+,1/#)&;' :2Q&;' #*' ("#' $,' 4,$N6,' #$' %28' M&' &"%,$,)6&' *#' 1&*&' #$' /&' 4,$N2&$D&' <' *2' $,' :&<' 4,$N2&$D&' $,' :&<
&"%,$,)6&8'E!5),'72#$*&*'/,0+&+'+#4"7#+&+')2'4,$N2&$D&'#$'%2H
@=$'7&*,'&'/&'3#D;'7&7I8'L&+&')6;'#*')"<'2)7,+%&$%#'("#'7"#-&*'4,$N2&+'#$')6'<'%+&1&Q&+G'#$'#//,8
@J*%I' 12#$8' M&*' 4,$*#4"#$42&*' ("#' 7/&$%#&*' )#' 7&+#4#$' )"<' /#3#*' 7&+&' %,-,' /,' ("#' :&' *"4#-2-,8' K,' 4+#,' ("#
&-#)I*;' 4,),' #*%I$' /&*' 4,*&*;' :&4#+' %"' N2#*%&' -#' ("2$4#' &V,*' $,' %2#$#' )"4:,' *#$%2-,8' M&*' *&/2-&*' -#*7"G*' -#/' )#*

*#+I$'-#'7,4,'%2#)7,8'L,+'#Q#)7/,;'4"&$-,'3&<&*'&'"$&'Q"$%&;'%#'2+#),*'&'1"*4&+'&'/&':,+&'<'&*6'2+#),*'32#$-,'*2'#*%I*
4")7/2#$-,'%"'7+,)#*&'-#'$,'%,)&+8'l+I*'0&$I$-,%#'$"#3&)#$%#'/&'4,$N2&$D&'#$'/&')#-2-&'#$'("#'3&<&*'4")7/2#$-,
4,$'%"'7&/&1+&'@4,)#$%5'#/'7&-+#8
@J*%I'12#$;'/&'3#+-&-'("#')#'/,')#+#D4,'@-2Q,'/&':2Q&8
J/'+#*"/%&-,'N2$&/'N"#'7,*2%23,8'>,N6&'4")7/25'*"'7+,)#*&'-#'$,'%,)&+'7,+'*#2*')#*#*8'R*")25'/&*'4,$*#4"#$42&*'7,+
*"'&4%"&425$'<'$,'*&/25'7,+'"$')#*;'<'7,4,'&'7,4,'*#'0&$5'$"#3&)#$%#'/&'4,$N2&$D&'-#'*"*'7&-+#*8'X,<'>,N6&'%2#$#
3#2$%#'&V,*'<'#*'"$&'7#+*,$&'&"%5$,)&;'+#*7,$*&1/#'<'/#'3&')"<'12#$'#$'*"*'#*%"-2,*8

J*%#'4&*,'+#&/;'("#'/#',4"++25'&'"$&'7&+#Q&'-#'&)20,*;'-#)"#*%+&'45),'&'7#*&+'-#'/,'%#++21/#'-#'/&
*2%"&425$'*2#)7+#'*#'7"#-#'N,+)&+'&'/,*':2Q,*'#$'"$'&)12#$%#'-#'&"%,$,)6&'<'+#*7#%,8'!,$'#*%#'4&*,
("#-&'4/&+,'("#'4"&$-,'/,*':2Q,*'$,'+#*7#%&$'/&*'+#0/&*'$2'/,*'/6)2%#*;'3&$'+#-"42#$-,'*"'&"%,$,)6&'<
&*")2#$-,'/&*'4,$*#4"#$42&*'-#'*"*'&4%,*8'>2$'#)1&+0,;'/&'N,+)&'-#':&4#+/,'#*'4+"42&/'7&+&')&$%#$#+
"$'&)12#$%#'("#'N,)#$%#'/&'&"%,$,)6&'<'/&'&"%,++#0"/&425$'-#'/,*':2Q,*8
J$'/&'*2%"&425$')#$42,$&-&':"12#+&'*2-,')"<'NI42/;'4,),'7&-+#*;'0+2%&+'<'4&*%20&+'&"%,+2%&+2&)#$%#
&'/&':2Q&8'>2$'#)1&+0,;'*2'/,*'7&-+#*'-#'>,N6&':"12#+&$':#4:,'#*,;'#//&'*#':&1+6&'*#$%2-,':")2//&-&'<
&1"*&-&O'#$%,$4#*;'#$'/"0&+'-#'&*")2+'*"'+#*7,$*&12/2-&-':&1+6&'%#$2-,'/&'7#+N#4%&'#C4"*&'7&+&'4"/7&+
&'*"*'7&-+#*'-#'%,-,*'*"*'7+,1/#)&*8'J$'4&)12,;'&/'%+&%&+/&'4,$'+#*7#%,'<'N,)#$%&+'*"'&"%,$,)6&;'/&
:2Q&'&*")25'*"'+#*7,$*&12/2-&-'<'$,'7"-,'/"#0,'4"/7&+'&'$&-2#;'*2$,'("#'&*")25'/&*'4,$*#4"#$42&*'-#
*"*'&442,$#*8
>2'$,*,%+,*'N"2),*')&/%+&%&-,*'<'$,*'0+2%&+,$'-#'$2V,*;','N"2),*'N,+)&-,*'-#'"$&'N,+)&'&"%,+2%&+2&
-,$-#'$,'%"32),*'&"%,$,)6&;'#/'+#%,'-#'N,+)&+':2Q,*'&"%5$,),*'#*'&B$')&<,+8'=$,'%2#$-#'&'+#7#%2+'/,
("#' &7+#$-25' -#' *"*' 7&-+#*' 4,$' *"*' :2Q,*8' L#+,' "$,' 7"#-#' 4&)12&+' *2' +#&/)#$%#' /,' 4,$*2-#+&
2)7,+%&$%#8' =$,' 7"#-#' 4,+%&+' /,*' :I12%,*' 7&*&-,*' -#' 0#$#+&425$' #$' 0#$#+&425$' 7,+' #/' 12#$#*%&+' -#
$"#*%+&'N&)2/2&'*2'"$,'*#'/,'7+,7,$#8
!,),' +#N/#C25$' N2$&/;' ("#+#),*' &V&-2+' ("#;' #$' #/' 4&*,' -#' /,*' &-,/#*4#$%#*;' "$&' N,+)&425$
&"%5$,)&'$,'0&+&$%2D&'("#'#/'&-,/#*4#$%#'*#'4,)7,+%#'12#$'*2#)7+#8'M&'7+#*25$'-#'0+"7,;'4,),'#$'#/
4&*,'-#'>,N6&;'7"#-#':&4#+'("#'/,*'&-,/#*4#$%#*'+#&/24#$'4,$-"4%&*'("#'*,$'%#++21/#*'7&+&'#//,*8'>2$
#)1&+0,;' #$' )2' ,72$25$;' "$&' N,+)&425$' &"%5$,)&' /#' -&' )I*' 7,*212/2-&-#*' &/' Q,3#$' -#' 2+' 7,+' #/
4&)2$,'4,++#4%,8

k-75)U"/%(-75)6&7).0U0/&'%",)7')U(97,%"-)&,
7,%(-,().7)"&%(,(9$"

!S,&)(+3)$A4R3)$(4&'&'$,'$*+3*1)4(3$&'$7#$549#?$*&+3$64&+(#2&'(&
'3$ &)$ )&+$ ',&)(+3)$ )#63)$ 9&$ 83T&#+$ 6,#'93$ &)(#23)
&)(+&)#93)B8
'$+*"&,*-)./$0

l)&02$#'#/'*20"2#$%#'-6&'-#'%+&1&Q,8'T"3,'"$&')&/&'$,4:#;'$,'-"+)25'12#$'<'*#'/#3&$%5'%&+-#'7&+&
"$&'+#"$25$'#$'/&',N242$&8'>#'*"1#'&'*"'&"%,'<'*#'#$4"#$%+&'4,$'"$'%&4,'4&)2$,'&'/&',N242$&;'#*%I')"<
7+#,4"7&-,'7,+("#'*"'Q#N#'-#%#*%&'("#'*#'&%+&*#$8'M/#0&')#-2&':,+&'%&+-#'<'+#421#'"$'+#%,'-#'*"'Q#N#8
J$%+&' &' *"' +#"$25$;' <' #/' #("27,' :&' -#42-2-,' &/0,' #$' /,' ("#' "*%#-' $,' #*%I' -#' &4"#+-,;' 7#+,' *#' 3#
,1/20&-,'&'&4#7%&+'7,+("#'//#05'%&+-#8'U#*7"G*'-#'&/)"#+D,'/,'//&)&'"$'4/2#$%#'7&+&'("#Q&+*#'<'"*%#%2#$#' ("#' +#*7,$-#+/#' &)&1/#)#$%#;' &"$("#' ("2*2#+&' $,' :&4#+/,8' L&+&' %#+)2$&+' #/' -6&;' /#' 4,)#$%&$
("#' "$&' 3#$%&' ("#' <&' %#$6&' 4,$*2-#+&-&' #$' #/' 7+#*"7"#*%,' *#' 4&<58' J*#' -6&' +#0+#*&' &' *"' 4&*&
%,%&/)#$%#'#*%+#*&-,'<',N"*4&-,8'>"'#*7,*&'/#'4"#$%&'("#'//&)&+,$'-#/'4,/#02,'7&+&'-#42+'("#'*"':2Q,
$,'#*%I':&42#$-,'/&*'%&+#&*'<'("#'*#'/#'#$4,$%+5'4,72&$-,8
EL,-+6&'"*%#-;'#$'#*#'),)#$%,;'%#$#+'"$&'4,$3#+*&425$'("#'N,)#$%#'/&'&"%,$,)6&'4,$'*"':2Q,H'M&
3#+-&-'#*'("#'*#+6&')"<'-2N642/8'U#*7"G*'-#'"$'-6&'-#')"4:,'#*%+G*;'$"#*%+,'&"%,4,$%+,/'*#'-+#$&'<
%#$#),*' )"4:&' )#$,+' 4&7&42-&-' -#' +#0"/&+' $"#*%+&*' #),42,$#*fh8' M&*' 7+#*2,$#*' 2)72-#$' ("#' "$,
%#$0&'/,*'+#4"+*,*'7*24,/5024,*'$#4#*&+2,*'7&+&'7+,),3#+'/&'&"%,$,)6&'-#'$"#*%+,*':2Q,*8'J/'#*%+G*'<
/,*'7+,1/#)&*':&4#$'("#'/,*'7&-+#*'*#'4#$%+#$'#$'/,*'7+,72,*'4,$N/24%,*':&42#$-,'-2N642/'("#'%,)#$
#$'4"#$%&'/&'7#+*7#4%23&'-#'/,*':2Q,*8'X&4#+'("#'/,*'$2V,*'+#N/#C2,$#$'*,1+#'*"'&4%"&425$;'&<"-&+/,*'&
("#'1"*("#$'*,/"425$'&'*"*'7+,1/#)&*'+#("2#+#')I*'%2#)7,'<'#*N"#+D,'("#'-#42+/#*'/,'("#'%2#$#$'("#
:&4#+8
!"&$-,' "$' 7&-+#' 323#' #*%+#*&-,;' 4,),' )"#*%+&' /&' 2/"*%+&425$' Y];' #*' 7+I4%24&)#$%#' 2)7,*21/#
N,)#$%&+'/&'&"%,$,)6&'-#'/,*':2Q,*8'R'/&'7+2)#+&'#("23,4&425$;'%#+)2$&+I'#C7/,%&$-,;'/#3&$%&$-,'/&
3,D'<'%,)&$-,'"$&'&4%2%"-'&"%,+2%&+2&8

+'&5%-"/01,)F*

A2' 4,$*#Q,' #*' ("#' *2' :&' %#$2-,' "$' -6&' )"<' #*%+#*&-,;' &$%#*' -#' :&1/&+' 4,$' *"*' :2Q,*' *,1+#' &/0B$
%#)&'4,)7/24&-,'+#7,$0&'*"*'+#*#+3&*'-#'&"%,4,$%+,/8'!,),')#$42,$,'#$')2'/21+,'W7$OT4(3$&)$,'#
9&64)41';'&*7#4%,*'("#'7#+Q"-24&$'#/'&"%,4,$%+,/'*,$'/&'N&/%&'-#'&/2)#$%,;'4,)#+'4,)2-&'`4:&%&++&a;
$,' -#*4&$*&+' /,' *"N242#$%#' <' /&*' N+"*%+&42,$#*' -2&+2&*;' #$%+#' ,%+,*8' L,+' /,' %&$%,;' &$%#*' -#' %#$#+' "$&
4,$3#+*&425$'4,$'*"':2Q,'2$%#$%#'4,)#+'*&/"-&1/#;'+#/&Q&+*#'<'-#*4&$*&+8
S%+,' &*7#4%,' &' %,)&+' #$' 4"#$%&' #*' ("#' /,*' 7+,1/#)&*' #4,$5)24,*' 7+#-24#$' #*%+G*;' -#7+#*25$;
&$*2#-&-' #' 2++2%&12/2-&-;' /,' ("#' //#3&' &' "$&' 7&+#$%&/2-&-' -"+&' <' 4&*%20&-,+&;' /,' ("#' *#' &*,42&' 4,$
7&-+#*' 4,$%+,/&-,+#*8' J/' &7,<,' &' /&' &"%,$,)6&' *#' 3#' &N#4%&-,' 7,+' /&*' *2%"&42,$#*' -#' 32-&
#*%+#*&$%#*fg8'>2'"*%#-'323#'"$&'*2%"&425$'*2)2/&+;'*#&'4,$*42#$%#'-#'("#'#*%,'7"#-#'#*%&+'&N#4%&$-,'#/
36$4"/,'4,$'*"*':2Q,*8
L,+' ,%+,' /&-,;' #C2*%#$' :2Q,*' ("#' *,$' +#1#/-#*;' ("#' %2#$#$' &/0B$' %27,' -#' 7+,1/#)&' 7*24,/5024,' ,
$#"+,/5024,' ("#' /,*' :&4#' *#+' -#*&N2&$%#*' %,-,' #/' %2#)7,8' J*%,' :&4#' ("#' *#&$' ,1Q#%,' -#' :,*%2/2-&-;
4+6%24&*'$,'4,$*%+"4%23&*'#'2++2%&12/2-&-'-#'/,*'7&-+#*f^8
L,+'#Q#)7/,;'"$':2Q,'4,),')"#*%+&'/&'2/"*%+&425$'Yb8

+'&5%-"/01,)FE

J$' #*%,*' 4&*,*' #*' )"<' -2N642/' 7&+&' /,*' 7&-+#*' #$4,$%+&+' /&' )&$#+&' -#' -&+/#' "$&' N,+)&425$
&"%5$,)&8' >#' %+&%&' -#' $2V,*' ("#' 4,$*%&$%#)#$%#' %2#$#$' -2N24"/%&-#*' 4,$' /,*' /6)2%#*' <' +,)7#$' /&*
+#0/&*' 4,$' N+#4"#$42&8' R("6;' "$' 4,$*#Q,' 2)7,+%&$%#' #*' &<"-&+' &/' $2V,' //#3I$-,/,' &' "$&' #3&/"&425$
7*24,/5024&' 7&+&' -#%#+)2$&+' /&*' 4&"*&*' -#' *"' 4,)7,+%&)2#$%,' <' &*6' #$4,$%+&+;' 4,$' #/' &7,<,
#*7#42&/2D&-,;'/&')#Q,+')&$#+&'-#'&<"-&+/,8'U#'#*%&')&$#+&;'"*%#-'%&)12G$'#*%&+I'&<"-I$-,*#8
_2$&/)#$%#;':&<'7&-+#*'("#'("2#+#$'/,0+&+'%,-,'/,'("#'$,'7"-2#+,$':&4#+'#//,*'&'%+&3G*'-#'/&'32-&
-#'*"*':2Q,*8'L,+'#Q#)7/,;'"$'7&-+#'("#'*2#)7+#'("2*,'*#+'4,++#-,+'-#'42#$')#%+,*'7/&$,*'<':&4#'("#
*"':2Q,'7+&4%2("#'#*%#'-#7,+%#'<'/,'7+#*2,$&'7&+&'("#'*#&'#C2%,*,8'J$'+#&/2-&-;'#$'/&')#$%#'-#/'7&-+#;
*2'#/':2Q,'0&$&'/&'4&++#+&;'("2#$'/&'0&$5'-#'3#+-&-'#*'#/'7&-+#')2*),;'("#'323#'/&'*2%"&425$'4,),'*2'G/
#*%"32#+&'4,++2#$-,'%&/'4,),'*#'3#'#$'/&'2/"*%+&425$'YY8'M&'&"%,#*%2)&'-#')"4:,*'7&-+#*'-#7#$-#'-#
/,*' /,0+,*' -#' *"*' :2Q,*;' -#' %&/' ),-,' ("#' *#' *2#$%#$' #C2%,*,*' 4,),' 7&-+#*' *2' *"*' :2Q,*' *,$
*,1+#*&/2#$%#*;')2#$%+&*'("#'*2#$%#$'("#'N+&4&*&$'4"&$-,'*"*'$2V,*'N&//&$8'J*%,'7"#-#':&4#+'("#'*#&$
3"/$#+&1/#*' 7&+&' #Q#+4#+' 7+#*25$' #$' *"*' :2Q,*' <' &-,7%#$' "$&' ,+2#$%&425$' 4,$%+,/&-,+&' ("#' 7"#-#
7#+Q"-24&+'#/'N"$42,$&)2#$%,'-#'/,*':2Q,*;',1%#$2#$-,'N,+)&*'-#'),%23&425$'4,$%+,/&-&*8

+'&5%-"/01,)FF

!"&$-,'"$'7&-+#'2$32#+%#'*"'#0,'#$'#/':2Q,;'/#'("2%&'*"'&"%,$,)6&'<'#*%#'B/%2),'*#'/2)2%&'&'*#+'"$
%6%#+#'-#'/&*'&*72+&42,$#*'-#'&("G/8'>2'"*%#-'4,),'7&-+#'#*%I'7+#*2,$&$-,'&'*"':2Q,'&'("#':&0&'"$&'"
,%+&' 4,*&;' +#N/#C2,$#' *2' /,' :&4#' 7,+' *"' :2Q,' ,' 7,+' *&%2*N&4#+' *"' #0,' ,' &/0B$' -#*#,' -#' Q"3#$%"-' $,
/,0+&-,8'>2'"*%#-'#*':2Q,'-#'"$'7&-+#'4,$'#*%&*'4&+&4%#+6*%24&*;'+#N/#C2,$#'#$'("G')#-2-&'*"'7&-+#'#*%I
2$32+%2#$-,' #/' #0,' #$' "*%#-;' N+"*%+&$-,' &*6' <' ("2%I$-,/#' *"' &"%,$,)6&8' L2#$*#' #$' ("G' )#-2-&' #*%I
:&42#$-,' /&*' 4,*&*' ("#' ("2#+#' :&4#+' ,' /&*' 4,*&*' ("#' *"' 7&-+#' /#' 2)7,$#' ("#' :&0&8' >2#)7+#' #*%I' &
%2#)7,'-#'+#4"7#+&+'*"'*#$%2-,'-#'&"%,$,)6&8
M#'*"0#+2),*'#$%+&+'&'#*%#'74'N'<'3#+'#*%#'32-#,'("#'*#'%2%"/&'~A,%23&425$'4,$'U&32-'_2*4:)&$'#/
4"&/' :#),*' 4+#&-,' #*7#42&/)#$%#' 7&+&' #*%#' 4&76%"/,?' :%%7*?wwddd8<,"%"1#84,)wd&%4:H37dKh
A(<(S4N#&%"+#<,"%"81#7

!"#$%&'()H
G(%0:".(-75)0,%-$,57/(5)M)7[%-$,57/(5

D(5)5705)9(%0:".(-75)0,%-$,57/(5

!0,#'93$38)&+5#)$#$,'#$*&+)3'#$#*#)43'#9#$*3+$73$>,&$A#6&?
&)(G)$54&'93$,'$23(45#93+$4'(+@')&63$&'$#6641'B8
'$+*"&,*-)./$0

E>#'&4"#+-&'-#'/&'#$424/,7#-2&'J$4&+%&'("#'3#$6&'4,$'A24+,*,N%'u2$-,d*H
J+&'/&'#$424/,7#-2&')I*'7,7"/&+'#$'/&'-G4&-&'-#']^^[;'7#+,'#$'#/'&V,'b[[^'A24+,*,N%'/&'*&45'-#/
)#+4&-,8'EL,+'("GH
L,+("#'&7&+#425'u2.27#-2&;'"$,'-#'/,*'-2#D'*2%2,*')I*'32*2%&-,*'-#'/&'d#1'#$'#/')"$-,'<'("#'#*%I
#*4+2%&' #$' -,*42#$%,*' *#%#$%&' <' ,4:,' 2-2,)&*8' E!"I$%,' 0&$&$' /&*' 7#+*,$&*' ("#' #*4+21#$' 7&+&
u2.27#-2&H'9&-&;'$,',1%2#$#$'$2$0"$&'4,)7#$*&425$'#4,$5)24&8
E!"I/' #*' /&' ),%23&425$' ("#' %2#$#$' #*%&*' 7#+*,$&*' 7,+' #*4+212+' #$' u2.27#-2&H' R/0"$&*;' *2$' -"-&;
%2#$#$'),%23&42,$#*'#C%+6$*#4&*O'7,+'#Q#)7/,;'7,-#+'-#42+'("#'*,$'#//,*'("2#$#*'/,'#*4+212#+,$'7&+&
#/' )"$-,;' #*' -#42+;' ),%23&425$' #C%+6$*#4&' 7&+&' 2$N/&+' $"#*%+,' 7+,72,' #0,8' >2$' #)1&+0,;' /&' )&<,+6&
#*4+21#'#$'u2.27#-2&'7,+'),%23&-,+#*'2$%+6$*#4,*8'J*4+21#$'7,+("#'#//,*'-#42-#$':&4#+/,;'*,$'#//,*
("2#$#*'-#N2$#$'*"'-#*%2$,'j),%23&-,+'2$%+6$*#4,'-#'&"%,$,)6&k8'S%+,*'#*4+21#$'7,+("#'*2#$%#$'("#'#*
"$' +#%,' &' /&' &/%"+&' -#' *"*' %&/#$%,*;' *#' *2#$%#$' 4,)7#%#$%#*' :&42G$-,/,' j),%23&-,+' 2$%+6$*#4,' -#
4,)7#%#$42&k8'S%+,*'#*4+21#$'7,+("#'*2#$%#$'("#'&7+#$-#$'4"&$-,'/,':&4#$'j),%23&-,+'2$%+6$*#4,'-#
&7+#$-2D&Q#k8
>#0B$' /&' /2%#+&%"+&;' #*' 7,*21/#' -2*%2$0"2+' *#2*' ),%23&-,+#*' 2$%+6$*#4,*' ("#' *#' 0#$#+&$' )2#$%+&*
-#*&++,//&),*'/&'&4%232-&-?
o'R"%,$,)6&
o'!,)7#%#$42&
o'\#/&425$
o'9,3#-&o'R7+#$-2D&Q#','4+#42)2#$%,
o'T+&*4#$-#$42&

\#4,+-&$-,' /&' )#%IN,+&' -#/' &"%,)532/;' /&' ),%23&425$' 2$%+6$*#4&' 7"#-#' *#+' 32*%&' 4,),' /&' 1&%#+6&
-#/' &"%,' ("#' *#' 4&+0&' )2#$%+&*' *#' +#&/2D&' /&' &4%232-&-;' #$' #*%#' 4&*,' 4"&$-,' #/' &"%,' *#' 7,$#' #$
),32)2#$%,8'n#+'2/"*%+&425$'Yf8

+'&5%-"/01,)FH

M&'1&%#+6&'%2#$#'*#2*'`7/&4&*a'("#'/#'7"#-#$'-&+'#$#+06&8'!&-&'7/&4&'#*'"$'),%23&-,+'2$%+6$*#4,8

+'&5%-"/01,)FJ

J$'/,*'*20"2#$%#*'*"14&76%"/,*'2+#),*'7+,N"$-2D&$-,'#$'4&-&'"$,'-#'#//,*'<'-I$-,/#':#++&)2#$%&*'<
#*%+&%#02&*'4,$4+#%&*'7&+&'("#'"*%#-'/&*'7"#-&'"*&+'#$'*"'32-&'<'#$'/&'#)7+#*&8
L&+&')"4:,*'0#+#$%#*;'7&-+#*'<'7+,N#*,+#*'j<',%+,*'#$'0#$#+&/k;'#/'7&+&-20)&'-#'),%23&425$'("#
7+2)&'#$'/&'*,42#-&-'#*'#/'-#'),%23&425$'#C%+6$*#4&8'M&'N,4&'*#')"#3#'7,+'#/'7#*4&-,;'&/'20"&/'("#'#/
#Q#4"%23,'7,+'#/'1,$,','#/'-2$#+,;'#/'&/")$,'7,+'/&'$,%&'<'/,*':2Q,*'7,+'/,*'7+#)2,*','4&*%20,*'j3#+

2/"*%+&425$'YZk8'9,':&<'-"-&' -#' ("#' #*%,*' N&4%,+#*' #C%+6$*#4,*' :&4#$' ("#' /&' 0#$%#' *#' ),%23#;' 7#+,;
4,),'32),*'&$%#*;'%2#$#$'4,*%,*'#*4,$-2-,*'*2'$,'*,$'12#$'#)7/#&-,*8
9"#*%+&' 2$%#$425$' #$' /,*' *20"2#$%#*' *"14&76%"/,*' #*' ("#' /,*' 0#+#$%#*;' 7&-+#*' <' 7+,N#*,+#*
4,)7+#$-&$'("#'%2#$#$'/&'7,*212/2-&-'-#'4+#&+'"$'#$%,+$,'-,$-#'/&*'7#+*,$&*'*#'),%23#$'&'*6')2*)&*;
<'("#'#C2*%#'"$&'N"#$%#'-#'),%23&425$'2$%+6$*#4&'#$,+)#'("#'#//,*'7"#-#$'&<"-&+'&'`#C%+&#+a8

+'&5%-"/01,)FS
;')#"-".0B9")6&7)#-09")7,)'")5(/07.".)75)7').7)'")9(%0:"/01,)7[%-$,57/"c

K&%(,(9$"4)7')9(%0:".(-)0,%-$,57/()9A5
09#(-%",%7

!S3)$ )&'(423)$ #,(1'323)$ 6,#'93$ *&+648423)$ >,&$ '3)3(+3)

)323)$&7$3+4%&'$3$7#$L,&'(&$9&$',&)(+#)$*+3*4#)$63'9,6(#)B8
!"#$%"&'()*

J/#$'M&$0#+i[;'7+,N#*,+&'#'2$3#*%20&-,+&'-#'/&'=$23#+*2-&-'-#'X&+3&+-;'+#&/2D5'"$'#*%"-2,'#$'#/
("#'&'"$'0+"7,'-#'&$42&$,*'#$'"$&'4&*&'-#'+#7,*,'*#'/#*'&$2)5'&'%,)&+')I*'-#42*2,$#*'#$'*"'32-&8
R*6;'*#'/#*'7#+)2%25'#/#02+'"$&'7/&$%&'7&+&'("#'/&'4"2-&+&$;'#//,*'-#%#+)2$&1&$'4"I$%&'&0"&'/#'#4:&1&$
&'*"'7/&$%&;'4"I$-,'/&'+#0&+6&$;'&-#)I*'7,-6&$'#/#02+'/,*':,+&+2,*'-#'32*2%&'<'-#42-2+'("G'7#/64"/&*
3#+6&$8' J$' ,%+&*' 7&/&1+&*;' *#' /#*' -2,' &"%,$,)6&' #$' *"*' 32-&*8' R' ,%+,' 0+"7,' -#' &$42&$,*' $,' *#' /#*
&$2)5'&'%,)&+'-#42*2,$#*?'&'#//,*'*#'/#*'&*20$5'"$&'7/&$%&;'$,'7,-6&$'#/#02+':,+&+2,*'$2'/&*'7#/64"/&*;
*2)7/#)#$%#'*#'/,*'N2Q&1&$8'R-#)I*'*#'/#*'2$-245'("#',%+&*'7#+*,$&*'4"2-&+6&$'-#'/&'7/&$%&8'M,'("#
7&*5'#*'("#'*#'N+"*%+5'*"'&"%,$,)6&8
M&' 2$3#*%20&425$' -"+5' "$' &V,' <' )#-2,8' R/' N2$&/' -#' #*%#' %2#)7,;' /,*' &$42&$,*' ("#' 4,$%&+,$' 4,$
&"%,$,)6&'#*%&1&$')I*'N#/24#*;')I*'&4%23,*;')I*'*&/"-&1/#*'<')I*'&/#+%&*'("#'#/'0+"7,'("#'$,'%"3,
&"%,$,)6&8
M&'&"%,$,)6&'$,'*5/,'#*'#/'),%23&-,+'2$%+6$*#4,')I*'2)7,+%&$%#;'*2$,'("#'&-#)I*'#*'"$&'$#4#*2-&7*24,/5024&'32%&/'-#/'*#+':")&$,'("#'4"&$-,'$,'/&'*&%2*N&4#),*'7"#-#'%#$#+'2)7&4%,'2$4/"*,'&'$23#/
N2*2,/5024,8
T&)12G$' *#' :&' #$4,$%+&-,' ("#' 4"&$-,' /&*' 7#+*,$&*' %2#$#$' )I*' *&%2*N#4:&' *"' &"%,$,)6&' j<' /&
4,)7#%#$42&' <' +#/&425$;' ,%+,*' -,*' ),%23&-,+#*' 2$%+6$*#4,*k;' )#$,+#*' *#+I$' /,*' $23#/#*' -#' 4,+%2*,/
j:,+),$&' ("#' *#' *#0+#0&' #$' *2%"&42,$#*' -#' #*%+G*k' <' )#$,+#*' /&*' +#*7"#*%&*' -#' &$*2#-&-' &$%#' "$&
*2%"&425$'7,+'#$N+#$%&+i]8
J$' "$' #*%"-2,' +#&/2D&-,' #$' b[[^;' *#' #$4,$%+5' "$&' +#/&425$' #$%+#' /,*' #*%2/,*' -#' /2-#+&D0,' <' /,*
&%&("#*' &/' 4,+&D5$8' J$' #*%&' 2$3#*%20&425$' 7&+%2427&+,$' %+#*' )2/' 42#$%,' 3#2$%2-5*' :,)1+#*' *"#4,*' <
G*%,*'-#16&$'#3&/"&+'&'*"*'Q#N#*8'M,*'2$3#*%20&-,+#*'/#*':242#+,$'*#0"2)2#$%,'-"+&$%#'/,*'*20"2#$%#*
-2#D' &V,*' 7&+&' 3#+' ("2G$#*' *#+6&$' :,*72%&/2D&-,*' 7,+' 7+,1/#)&*' 4&+-6&4,*' ,' 2$N&+%,*8' M,*
2$3#*%20&-,+#*' #$4,$%+&+,$' ("#' %+&1&Q&+' 7&+&' "$' )&/' Q#N#' 2$4+#)#$%&1&' #/' +2#*0,' -#' &%&("#*' &/
4,+&D5$' #$' i[' 7,+' 42#$%,8' A2#$%+&*' )I*' $#0&%23,*' /,*' #*%2/,*' -#' /,*' Q#N#*;' )#$,*' N#/24#*' #+&$' /,*
%+&1&Q&-,+#*8' !"&$-,' /,*' Q#N#*' #+&$' 4,$%+,/&-,+#*;' #/' 12#$#*%&+' #+&' 1&Q,8' !"&$-,' /,*' %+&1&Q&-,+#*

*#$%6&$'("#'*"*'Q#N#*'7+,),36&$'*"'&"%,$,)6&'j1+2$-&+/#*'/&*'+&D,$#*'7&+&':&4#+'&/0,;'7,+'#Q#)7/,k;
%#$6&$'"$')&<,+'12#$#*%&+ib8
R'#*%&*'&/%"+&*'-#/'/21+,;':&'("#-&-,'-#),*%+&-&'/&'2)7,+%&$42&'-#'/&'&"%,$,)6&'#$'/&'32-&O'7#+,
&:,+&'*#+6&'1"#$,'4#$%+&+$,*'#$'/&'&"%,$,)6&'#$'#/'%+&1&Q,','#$'/&'#)7+#*&8
J$' "$' #*%"-2,' +#&/2D&-,' 4,$' %+#*42#$%&*' 3#2$%#' 7#("#V&*' #)7+#*&*;' *#' *#7&+5' &' &("#//&*' ("#
,%,+0&1&$' &"%,$,)6&' &' *"' 7#+*,$&/' -#' &("#//&*' ("#' $,' /,' :&46&$;' ("#' %#$6&$' "$' #$N,("#' )I*
&"%,+2%&+2,8'R'/&*'#)7+#*&*'*#'/#*'*20"25'#$'#/'%2#)7,'<'*#'#$4,$%+5'("#'&("#//&*'7#("#V&*'#)7+#*&*
-,$-#'*#'-&1&'&"%,$,)6&'4+#42#+,$'4"&%+,'3#4#*')I*'+I72-,'("#'&("#//&*'4,$'#*%2/,'&"%,+2%&+2,'j-#
4,$%+,/k8'T&)12G$'*#'#$4,$%+5'("#'#$'#*%&*'#)7+#*&*':&16&'"$')#$,+'6$-24#'-#'+,%&425$'-#'7#+*,$&/
#$'4,)7&+&425$'4,$'/&*'#)7+#*&*'("#'$,'-&1&$'&"%,$,)6&'&'*"*'%+&1&Q&-,+#*iY8
U#42;'!,$$#//'<'\<&$'j]^g^k'#*%"-2&+,$'#/'+,/'-#/'&7,<,'&'/&'&"%,$,)6&'#$'#/'%+&1&Q,8'J$'"$,'-#
*"*'#*%"-2,*'%,)&+,$'4,),')"#*%+&'"$&'4,)7&V6&'("#'#*%&1&'#$'#/'N&),*,' +#'N4'%' _,+%"$#' i[[;' <
#$4,$%+&+,$' ("#' 4"&$-,' /,*' Q#N#*' -#' #*%&' #)7+#*&' 7+,),36&$' /&' &"%,$,)6&' -#' *"*' 4,/&1,+&-,+#*;
G*%,*'),*%+&1&$'"$')&<,+'$23#/'-#'4,$N2&$D&'#$'/&'&/%&'0#+#$42&'<'+#7,+%&1&$'"$&')&<,+'*&%2*N&4425$
/&1,+&/;' *#' *#$%6&$' )#$,*' 7+#*2,$&-,*' <' 4,$%+,/&-,*8' J$' "$' *#0"$-,' #*%"-2,' /,*' 2$3#*%20&-,+#*
%,)&+,$',%+&'#)7+#*&'4,),')"#*%+&;'7&+&'#*%"-2&+'*2'#*'7,*21/#'4&)12&+'/&*'4,$-"4%&*'-#'/,*'Q#N#*
:&42&'"$&'4,$-"4%&'("#'N,)#$%#'/&'&"%,$,)6&8'L&+&'#*%,;':242#+,$'"$&'*#+2#'-#'%&//#+#*8'>#'#$4,$%+5
("#'*6'#+&'7,*21/#'#$*#V&+'&'/,*'Q#N#*'&'7+,),3#+'/&'&"%,$,)6&;'7#+,'&-#)I*;'4,$'#*%,;'*#'&")#$%5'/&
*&%2*N&4425$'/&1,+&/'-#'*"*'*"1,+-2$&-,*8'J*'-#42+;'/,*'4&)12,*'#$'/,*'Q#N#*'%"32#+,$'#N#4%,*':&*%&'#$
*"*'4,/&1,+&-,+#*8
S%+,'0+"7,'-#'2$3#*%20&-,+#*if'#$4,$%+5'("#'4"&$-,'/,*'Q#N#*'#+&$'7#+4212-,*'4,),'7+,),%,+#*'-#
/&' &"%,$,)6&;' /,*' 4,/&1,+&-,+#*' ),*%+&1&$' )&<,+' *&%2*N&4425$' /&1,+&/;' )#$,+' &"*#$%2*),' <' )&<,+
12#$#*%&+' N6*24,' <' 7*24,/5024,8' J$' ,%+&*' 2$3#*%20&42,$#*ii' #$4,$%+&+,$' ("#' /,*' %+&1&Q&-,+#*' -#' "$&
NI1+24&'("#'*#$%6&$'("#'*"'&"%,$,)6&'@&*6'4,),'/&'4,)7#%#$42&'<'+#/&425$;'("#'*,$'$#4#*2-&-#*'("#
3#+#),*' )I*' &-#/&$%#@' *#' #$4,$%+&1&' *&%2*N#4:&' ),*%+&1&$' )&<,+#*' &4%2%"-#*' 7,*2%23&*' :&42&' #/
%+&1&Q,;')&<,+'&"%,#*%2)&'<')&<,+'12#$#*%&+8
J$' ,%+&' 2$3#*%20&425$' *#' #$4,$%+5' ("#' #/' hZ' 7,+' 42#$%,' -#' /,*' #)7/#&-,*' #*%&+6&' -2*7"#*%,' &
4&)12&+'-#'4&++#+&'7+,N#*2,$&/'&'4&)12,'-#'"$'%+&1&Q,'4,$')I*'&"%,$,)6&'<'N/#C212/2-&-'7&+&'+#&/2D&+
*"*'/&1,+#*8'RB$')I*'2$4+#61/#;'#/'ZZ'7,+'42#$%,'#*%&+6&'-2*7"#*%,'&'+#4212+')#$,*'*"#/-,'&'4&)12,'-#
#*%&'7,*212/2-&-iZ8
=$,' 7"#-#' 7#$*&+' ("#' #*%#' %#)&' -#' /&' &"%,$,)6&' #*' *5/,' 7&+&' #Q#4"%23,*' -#' &/%,' $23#/;' 7#+,' #$
+#&/2-&-'/&'$#4#*2-&-'-#'&"%,$,)6&'/&'%#$#),*'%,-,*'/,*'*#+#*':")&$,*ih8'J$'"$'#*%"-2,'+#&/2D&-,'#$
"$&' 7/&$%&' #$' S:2,;' &' "$' 0+"7,' -#' ,1+#+,*' *#' /#*' -2,' &"%,$,)6&8' >#' /#*' -2Q,' ("#' #//,*' 7,-6&$
,+0&$2D&+*#'<'-#N2$2+'/,*':,+&+2,*'-#'/,*'%"+$,*'-#'%+&1&Q,;'("#'/&'7/&$%&'7#$*&1&'4&)12&+'-#'"$2N,+)#

<'("#'#//,*'7,-6&$'#/#02+'45),'*#+6&'#/'$"#3,;'<'%&)12G$'*#'/#*'-2,'/&',7,+%"$2-&-'-#'-#42-2+'45),
0&*%&+' "$' 7+#*"7"#*%,' -#*%2$&-,' &' +#),-#/&42,$#*' 7&+&' *"' &)12#$%#' -#' %+&1&Q,8' >#' *20"25' #/
-#*#)7#V,' -#' /&' 7/&$%&' -"+&$%#' "$' %2#)7,' <' *#' #$4,$%+5' ("#;' #$' *5/,' -,*' )#*#*;' /&' 7/&$%&' :&16&
&")#$%&-,'#$'b['7,+'42#$%,'*"'7+,-"4%232-&-ig8

K/%0:0.".
\#4"#+-#'&/0"$&',7,+%"$2-&-'#$'/&'("#'$,'/#':&<&$'-&-,'/&'&"%,$,)6&'("#'"*%#-'("#+6&8'F"2DI*'4"&$-,'*#'#$%#+5
("#'%#$6&'("#':&4#+'"$'%+&1&Q,'<'$&-2#'/#'4,$*"/%5'*"',72$25$'&/'+#*7#4%,;'("2DI*'4"&$-,'*"'Q#N#'/#'-2Q,'("#':242#+&'&/0,
#$'/,'("#'"*%#-'$,'4+#6&'<'%"3,'("#':&4#+/,;'("2DI*'4"&$-,'*2$%25'("#'$,'%#$6&'#/'7,-#+'$2'/&'4&7&42-&-'-#'-#42-2+'$&-&;
,'&/0"$&',%+&'*2%"&425$'N&)2/2&+'#$'/&'("#'*2$%25'("#'$,'%#$6&'&"%,$,)6&8
\#4"#+-#'45),'*#'*#$%6&;'E#$'("G')#-2-&'#*%,'2)7&4%5'*"'),%23&425$H
X&0&'"$&'7&"*&'#$'*"'/#4%"+&'<'+#N/#C2,$#'*,1+#'/&'7+#0"$%&8

A#'2)&02$,'("#'*"'+#*7"#*%&'N"#'("#'*#'*2$%25')&/8'!"&$-,':&0,'#*%#'#Q#+4242,'#$')2*'%&//#+#*'4,$
0#+#$%#*;' /#*' :&0,' #*%&' 7+#0"$%&' &' /,*' 7&+%2427&$%#*' <' *2#)7+#' )#' +#*7,$-#$' &/' "$6*,$,' ("#' *#
*2$%2#+,$' )&/8' M"#0,' /#*' :&0,' /&' +#7+#0"$%&?' E!5),' 4+##$' ("#' *#' *2#$%#' *"' 7+,72&' 0#$%#' 4"&$-,
"*%#-#*' $,' /#*' -&$' &"%,$,)6&H' R:,+&' /&' +#*7"#*%&' *20"#' *2#$-,' )&/;' 7#+,' )"4:,*' $,' +#*7,$-#$' <
7,$#$'4&+&*'-#'4"/7&12/2-&-8

+'&5%-"/01,)FV

+'&5%-"/01,)FW

e(,07,.()7,)#-A/%0/")7')9(%0:".(-).7
"&%(,(9$")7,)'")79#-75"

!X'$ 9@#$ 2&$ *+&%,'(1$ ,'$ *&+4394)(#-$ ./=3+$ >,O$ 73)$ 748+3)$ 9&
#,(3#I,9#'3$ 6#284#'$ #$ 7#$ %&'(&:;<$ H$ 73$ >,&$ +&)*3'9@-$ ."3)
748+3)$ '3$ (4&'&'$ 7#$ 6,7*#?$ 7#)$ *&+)3'#)$ )173$ 6#284#'$ 6,#'93
&77#)$ 24)2#)$ 9&649&'$ #*746#+$ &'$ ),$ 549#$ 73)$ 63'6&*(3)$ 9&7
748+3;B8
'$+*"&,*-)./$0

R*2)2*),;' /##+' #*%#' /21+,' $,' #*' *"N242#$%#' 7&+&' *#+' "$' /6-#+' ,' "$' 7&-+#' )I*' ),%23&-,+O' #*
2)7,+%&$%#'%,)&+'/&'-#42*25$'-#'&7/24&+'/,*'4,$,42)2#$%,*'3#+%2-,*'#$'G/8'J$'#*%#'*"14&76%"/,'3&),*
&' #$%+#0&+' :#++&)2#$%&*' 4,$4+#%&*' ("#' &<"-#$' &' /,*' /#4%,+#*' &' 7&*&+' -#' /&' %#,+6&' &' /&' 7+I4%24&' 4,$
+#*7#4%,'&'45),'N,)#$%&+'/&'&"%,$,)6&8
n,/32#$-,'&'/&')#%IN,+&'-#'/&'4&$4:&'-#'NB%1,/;'#C2*%#$'*#2*'-2)#$*2,$#*'("#'-#%#+)2$&$'#/'$23#/
-#' &"%,$,)6&' ("#' 7"#-#' %#$#+' "$' #)7/#&-,' #$' /&' #)7+#*&8' !,),' *#' )"#*%+&' #$' /&' 2/"*%+&425$' Y^8
J*%&*'-2)#$*2,$#*'*,$'/,*'/6)2%#*'-#'/&'4&$4:&'-#'&"%,$,)6&'("#'%2#$#$'/,*'4,/&1,+&-,+#*8

+'&5%-"/01,)FX

J/' 7+2)#+' :#CI0,$,' )"#*%+&' /&' 4&$4:&' &)7/2&' -#' #)7,-#+&)2#$%,' -#' "$' #Q#4"%23,' ("#' %2#$#' "$
1"#$'$23#/'-#'4,)7#%#$42&;'4"<,'Q#N#'/#':&'-#/#0&-,'"$&'*#+2#'-#'&4%232-&-#*'-,$-#'-#42-#'*,/,8'=$&
#)7+#*&'-,$-#'#C2*%#$'$,+)&*'<'7,/6%24&*'4/&+&*;'7#+,'$,'#*'1"+,4+I%24&;'4,$'"$'Q#N#'("#'7+,)"#3#'/&
&"%,$,)6&;'1+2$-&'2$N,+)&425$'*"N242#$%#'<'-,$-#'*#'323#'"$&'4"/%"+&'*&$&'<'-#'#)7,-#+&)2#$%,8
J/' *#0"$-,' :#CI0,$,' j3#+' 2/"*%+&425$' Y^k' )"#*%+&' #$' 4&)12,' /&' &"%,$,)6&' -#' "$' #Q#4"%23,' ("#
%2#$#'&/%&'4,)7#%#$42&'7&+&'#*%&+'#)7,-#+&-,;'7#+,'-,$-#'#/'+#*%,'-#'3&+2&1/#*'/#'&4:24&$'/&'4&$4:&
("#-I$-,/#')"<'7,4&','$&-&'-#'&"%,$,)6&'7&+&'%+&1&Q&+8'R'4,$%2$"&425$'#C7/24&),*'4&-&'"$&'-#'/&*
3&+2&1/#*8
O0:7').7)/(9#7%7,/0")P3"80'0.".b(BC(%4*-(R4

G0)97%0.").7)#"%"
F"2*2#+&'4,)7&+%2+'"$&'`)#%2-&'-#'7&%&a'#$')2'32-&'7+,N#*2,$&/'+#/&42,$&-,'&/'$23#/'-#'4,)7#%#$42&8'!"&$-,'%#$6&'#/
4&+0,' -#' 324#++#4%,+' -#' 2$$,3&425$' #$' /&' =L!' j=$23#+*2-&-' L#+"&$&' -#' !2#$42&*' R7/24&-&*k;' )#' #$4&+0&1&;' #$%+#
,%+&*'N"$42,$#*;'-#/'I+#&'-#'+#4"+*,*':")&$,*8'\#4"#+-,'("#':&16&),*'-#42-2-,;'-#*-#'("#'*#'N"$-5'/&'"$23#+*2-&-;
0#$#+&+' "$&' 4"/%"+&' 2$$,3&-,+&' <' 4#$%+&-&' #$' /&*' 7#+*,$&*8' L,+' #//,;' 4"&$-,' %"3#' &' )2' 4&+0,' #/' I+#&' -#' +#4"+*,*
:")&$,*;' *#/#442,$G' &' "$&' 7#+*,$&' 7&+&' ("#' )#' &<"-&+&' #$' %,-,' /,' ("#' *#' +#N#+6&' &' 4/2)&' <' 4"/%"+&8' A#' 7&+#46&
&/0"2#$')"<'4,)7#%#$%#O'%#$6&'"$&'#C4#/#$%#'#-"4&425$'#$'%#)&*'-#'+#4"+*,*':")&$,*'<'"$&'7&*25$'7,+'&<"-&+'&'/&*
7#+*,$&*;'7#+,'$"$4&':&16&'%+&1&Q&-,'#$'%#)&*'-#'4"/%"+&'<'$,'4,$,46&'/&'=L!8
F"2*2),*':&4#+'"$'7+2)#+'#3#$%,'-#'4,)"$24&425$'#$'/&'"$23#+*2-&-'7&+&'%+&$*)2%2+'2$N,+)&425$'*,1+#'/,*'+#*"/%&-,*;
&*6' 4,),' /&' #*%+&%#02&' &' *#0"2+' &' %,-,' #/' 7#+*,$&/' <' &7+,3#4:&+' #*%#' #3#$%,' 7&+&' N,+)&+' /&' 4"/%"+&' -#' /&' #)7+#*&8
J$%,$4#*'/#'-#/#0"G'#/'#3#$%,'&'#*%&'7#+*,$&8'X242),*'"$&'//"32&'-#'2-#&*'-#'/,'("#'#+&'2)7,+%&$%#':&4#+'<;'"$&'3#D
("#'&4,+-&),*'/&'#*%+&%#02&;'/&'#)7,-#+G8
J/'-6&'-#/'#3#$%,'%#$6&'#C7#4%&%23&*')"<'&/%&*;'7#+,'#$'7,4,'%2#)7,')#'-2'4"#$%&'-#'("#'$,'*#'21&$'&'4")7/2+8'9,'*#
:2D,' %,-,' /,' ("#' &4,+-&),*' <' &-#)I*' #/' 4,$%#$2-,' -#' &/0"$,*' 32-#,*' $,' #+&' /,' ("#' <,' #*7#+&1&8' T"3#' ("#Q&*' -#
&/0"$&*'&"%,+2-&-#*;'7#+-6'4+#-212/2-&-'<'&-#)I*'7#+-6')2',7,+%"$2-&-'-#'2$242&+'/&'N,+)&425$'-#'4"/%"+&'4,),':"12#*#
("#+2-,8' EF"2G$' #+&' #/' 4"/7&1/#' -#' #*%&' *2%"&425$H' M&)#$%&1/#)#$%#;' <,8' !,)#%6' #/' #++,+' -#' #)7,-#+&+;' *2$' $2$0"$&
*"7#+32*25$;' &' "$&' 7#+*,$&' $"#3&' #$' /&' =L!;' ("#' $,' %#$6&' &B$' /&*' 4,)7#%#$42&*' 7&+&' :&4#+' "$' %+&1&Q,' 4,),' <,' /,
#*7#+&1&8'J$'+#&/2-&-'$,':&16&'#)7,-#+&-,;':&16&'/&$D&-,'#$')#-2,'-#'&/%&')&+'&'"$&'7#+*,$&'("#'&7#$&*'*&16&'$&-&+
#$'/&',+2//&8

M&' 4,$4/"*25$' -#' #*%&' :2*%,+2&' #*' ("#' #/' 7+2)#+' 7&*,' 7&+&' -&+' &"%,$,)6&' #$' /&' ,+0&$2D&425$' #*
#$%#$-#+'#/'$23#/'-#'4,)7#%#$42&'<'#C7#+2#$42&'("#'%2#$#$'/&*'7#+*,$&*'("#'$,*'+#7,+%&$8'J*'+2-64"/,
7#$*&+' ("#' 7,-#),*' -&+/#' /&' )2*)&' &"%,$,)6&' j<' *2$' *"7#+32*25$' $2' &7,<,k' &' "$&' 7#+*,$&' +#42G$

#0+#*&-&'<'$"#3&'#$'"$&'#)7+#*&'("#'&'"$&'7#+*,$&'("#':&'*2-,'#$%+#$&-&'<'("#'<&'%2#$#'42$4,'&V,*
%+&1&Q&$-,8
O0:7').7).7'7B"/01,
L#+,'/,'("#',4"++#'#$')"4:&*',+0&$2D&42,$#*'#*'/,'4,$%+&+2,'&')2':2*%,+2&'#$'/&'=L!8'M,*'Q#N#*'<
0#+#$%#*' %2#$#$' &' *"' 4&+0,' 7#+*,$&*' ("#' %2#$#$' /&' 4,)7#%#$42&' 7&+&' 7,-#+' -#42-2+' *,/&*' <' #*%I$
,1/20&-&*' &' 4,$*"/%&+' 4,$*%&$%#)#$%#' &/' Q#N#;' :&*%&' 7&+&' 4,*&*' -#' 1&Q,' 7+#*"7"#*%,' <' -#' 7,4&
2)7,+%&$42&'#*%+&%G024&8'X&<'0#+#$%#*'("#'%2#$#$'#$'*"'0#+#$42&'7+,N#*2,$&/#*'-#'+#4"+*,*':")&$,*
4,$' )"4:&' #C7#+2#$42&' <' 4,)7#%#$42&;' 7#+,' #*%,*' 0#+#$%#*' *,$' /,*' ("#' ("2#+#$' -#42-2+' :&*%&' ("G
&+%64"/,*'3&$'#$'/&'4&Q&'-#'9&32-&-8
R'4,$%2$"&425$;'*#'7+#*#$%&'"$'N,+)&%,'-#'-#/#0&425$'("#'$,*'7#+)2%#'-#'N,+)&')"<'7+I4%24&'%#$#+
"$&'4,$3#+*&425$'&12#+%&'4,$'/,*'%+&1&Q&-,+#*'("#'$,*'+#7,+%&$'-2+#4%&)#$%#'7&+&'%+&%&+'-#'-&+/#*'"$&
`4&$4:&'-#'&"%,$,)6&a')I*'0+&$-#8
J/'N,+)&%,'7+#*#$%&'#/'#Q#)7/,'-#'&/0"$&*'&4%232-&-#*'-#'"$'Q#N#'-#'-#*&++,//,',+0&$2D&42,$&/'("#
+#7,+%&'&'/&'0#+#$42&'-#'+#4"+*,*':")&$,*8
!,),' *#' ,1*#+3&' #$' #/' 7+2)#+' N,+)&%,;' #/' Q#N#' $,' :&' -#/#0&-,' $&-&' #$' #/' *"1,+-2$&-,;' #/' Q#N#
-#42-#'%,-,8'J/'$23#/'-#'4,)7#%#$42&'j:&12/2-&-#*w&T*&+(4)&k'-#/'*"1,+-2$&-,'*#'7+#*#$%&'-#']'&'i;
*2#$-,']'`$,'%2#$#'4,)7#%#$42&a'<'i'`%2#$#'%,-&'/&'4,)7#%#$42&'7&+&'-#42-2+'*,/,a8'J/'*"1,+-2$&-,
%2#$#'-,*'&4%232-&-#*'4,$'$23#/'iO'*2$'#)1&+0,;'&"$'#$'#*,*'4&*,*'#*'#/'Q#N#'("2#$'-#42-#8
J$' #/' *#0"$-,' N,+)&%,' *#' )"#*%+&' &:,+&' ("#' #/' Q#N#;' -#*7"G*' -#' "$&' 4,$3#+*&425$' 4,$' *"
%+&1&Q&-,+;':&'-#42-2-,'&)7/2&+'*"'&"%,$,)6&'<'7#+)2%2+/#'-#42-2+'*,/,'#$'/&*'-,*'&4%232-&-#*'-,$-#
#*%I'%,%&/)#$%#'4&/2N24&-,8
h(-9"%()*
N7#(-%"4)B7-7,/0").7)-7/&-5(5)3&9",(5
}#N#'-#'-#*&++,//,',+0&$2D&42,$&/

h(-9"%()E
N7#(-%"4)B7-7,/0").7)-7/&-5(5)3&9",(5
}#N#'-#'-#*&++,//,',+0&$2D&42,$&/'-#'+#4"+*,*':")&$,*

e"5(5)#"-")09#'797,%"-)7')U(-9"%().7).7'7B"/01,
]8' J$%+#0"#' "$' N,+)&%,' 3&46,' 4,),' #/' ),*%+&-,' #$' /,*' 4"&-+,*' &$%#+2,+#*' <' 76-&/#' &' *"' 4,/&1,+&-,+' j+#7,+%#' -2+#4%,k' ("#' -#%&//#' /&*
&4%232-&-#*' -#' *"' %+&1&Q,;' *"' $23#/' -#' 4,)7#%#$42&' #$' 4&-&' &4%232-&-;' 45),' *#' -#42-#' &4%"&/)#$%#' #$' 4&-&' &4%232-&-' <' &' ("2G$' *#
2$N,+)&'/&'-#42*25$8'\#4"#+-#'/,'("#':#),*'32*%,'&$%#+2,+)#$%#'<'#C7/2("#'/&*'+&D,$#*'7,+'/&*'4"&/#*'#*'2)7,+%&$%#':&4#+'#*%,8
b8' L6-&/#' &-#)I*' ("#' *"02#+&' #$' ("G' &4%232-&-#*' G/' 72#$*&' ("#' 7,-+6&' -#42-2+' *,/,8' U60&/#' ("#' #*%I' 2$%#+#*&-,' #$' *"*' 7+,7"#*%&*' <
#*4B4:#/&*'4,$'&%#$425$8
Y8' !,$' #/' N,+)&%,' <&' 4,)7/#%&-,' #$' /&' )&$,;' 4,$3#+*#' 4,$' *"' 4,/&1,+&-,+' 7&+&' &4,+-&+' *"*' $23#/#*' -#' 4,)7#%#$42&' <' -#N2$2+' #$' ("G
&4%232-&-#*'7,-+6&'-#42-2+'*,/,8'J*4"4:#'%,-,*'/,*'&+0")#$%,*'-#'*"'4,/&1,+&-,+'<'7/&$%##'%&)12G$'*"*'7+,72,*'&+0")#$%,*8
f8'!,$3#+*#'4,$'*"'4,/&1,+&-,+'*,1+#'45),'7"#-#'&<"-&+/,'&'//#0&+'&'"$'$23#/'-#'-#*&++,//,'i'#$'%,-&*'*"*'&4%232-&-#*'7&+&'("#'7"#-&'2+
2$4+#)#$%&$-,'*"'$23#/'-#'&"%,$,)6&'j<'&'/&'3#D'N&3,+#D4&'*"'*#$%2-,'-#'4,)7#%#$42&k8'!,$3#+*#'4,$'G/'j#//&k'<'Q"$%,*'7/&$%##$' "$
7/&$'-#'-#*&++,//,8
i8'\#32*#'#/'N,+)&%,'7,+'/,')#$,*'"$&'3#D'&/'&V,'7&+&'%+&%&+'-#'("#'/&'7#+*,$&;'7,4,'&'7,4,;',1%#$0&')I*'&"%,$,)6&8

J$'"$'#*%"-2,'-#'e&//"7'4,$')2/'-,*42#$%,*'%+&1&Q&-,+#*;'#/'ZZ'7,+'42#$%,'-2Q,'("#'*"'0#+#$%#'/#*
:&16&' 7#-2-,' 2$3,/"4+&+*#' #$' /&' %,)&' -#' -#42*2,$#*;' 7#+,' *5/,' #/' ]f' 7,+' 42#$%,' +#N2+25' *#$%2+' ("#
+#&/)#$%#'N"#'#)7,-#+&-,'7&+&'%,)&+'#*%&*'-#42*2,$#*i^8'J)7,-#+&+'$,'#*'NI42/;'7#+,'*2'"*%#-'*20"#
/,*'7&*,*'+#4,)#$-&-,*;'%2#$#')&<,+#*'7+,1&12/2-&-#*'-#'/,0+&+/,8
=$' #Q#)7/,' 2$%#+#*&$%#' -#' #)7,-#+&)2#$%,' *#' -&' #$' #/' :,%#/' \2%Ds!&+/%,$8' J$' #*%#' :,%#/;' "$
#)7/#&-,'%2#$#'b8[[['-5/&+#*'7&+&'0#*%2,$&+/,*'4,$'%,%&/'&"%,$,)6&'#$'/,'("#'&'0&*%,*'*#'+#N2#+#8'!,$
#*%#'-2$#+,;'*2'#/'#)7/#&-,'/,'4,$*2-#+&'4,$3#$2#$%#;'%2#$#'/&'&"%,$,)6&'7&+&'+#-"42+/#'/&'4"#$%&'&'"$
4/2#$%#','-&+/#'"$&')#Q,+':&12%&425$'&'"$':"G*7#-'#*7#42&/;'#$%+#',%+&*'&442,$#*Z[8

e('$%0/"5)M),(-9"5
W*%&*'-#)&+4&$'/&'4&$4:&'-#'&"%,$,)6&'7"#*%,'("#'/2)2%&$'/&'/21#+%&-'-#'&4425$'-#/'#)7/#&-,8'L,+
#Q#)7/,;' :&<' #)7+#*&*' ("#' #*%I$' %&$' //#$&*' -#' 4,$%+,/#*' ("#' 7&+&' :&4#+' "$&' 4,)7+&+' 7#("#V&' #/
%+I)2%#'-#),+&'*#)&$&*;'7,+("#'%2#$#'("#'7&*&+'7,+'-23#+*&*',N242$&*'7&+&'*"'&7+,1&425$8'>2'#*'&/0,
7#("#V,;'#/'#)7/#&-,'7,-+6&'%#$#+'/&'&"%,$,)6&'-#'-#42-2+'#/'0&*%,;'*2$'*#0"2+'%&$%,*'7+,4#-2)2#$%,*8
W*%,*'*,$'2)7,+%&$%#*;'7#+,'E3&/#'/&'7#$&'("#'*#&'%&$'/&+0,'#$'%,-,*'/,*'4&*,*H'L,+',%+,'/&-,;'*2'$,
:&<' "$' )6$2),' -#' $,+)&*' <' 7+,4#-2)2#$%,*' #*%&1/#42-,*;' %&)12G$' *#' 7#+Q"-24&' /&' &"%,$,)6&' &/
#)7/#&-,'7,+("#'72#+-#'%2#)7,'-#*4"1+2#$-,'45),':&4#+'/&*'4,*&*'<'*#'("#-&'7&+&/2D&-,'*2$'*&1#+
("G' #*' /,' 4,++#4%,' #$' /&' 4,)7&V6&8' T&/' 4,),' 32),*' &$%#+2,+)#$%#;' #*' 2)7,+%&$%#' 4,$%&+' 4,$' +#0/&*
4/&+&*'<'#C7/24&+'4,$'4/&+2-&-'#*&*'+#0/&*8
+,U(-9"/01,
>2'&'"*%#-'/#'3#$-&$'/,*',Q,*'7&+&'4+"D&+'"$&':&12%&425$'+#7/#%&'-#')"#1/#*;'&3&$D&+I')"4:,')I*
/#$%,' <' %#$-+I' )"4:&' -2N24"/%&-' 7&+&' #/#02+' *"' 4&)2$,8' !"&$-,' "$' #)7/#&-,' $,' %2#$#' 2$N,+)&425$
+#/&%23&'&'/&'#*%+&%#02&'-#'/&'#)7+#*&'<'&'*"'7+,72,'%+&1&Q,','-#*#)7#V,;'#*%I'4,$'/,*',Q,*'3#$-&-,*
<'+#-"4#'*"'&"%,$,)6&;'-#'),-,'("#'7"#-#'%+,7#D&+'<'+#4212+'0,/7#*'#$'#/'4&)2$,8
>2$' 2$N,+)&425$' $,' 7"#-#' %,)&+' /&' +#*7,$*&12/2-&-;' 7#+,' 4,$' 2$N,+)&425$' $,' 7"#-#' #32%&+' $,
%,)&+/&Z]8
!&'%&-"
X&<' #)7+#*&*' ("#' %2#$#$' /&' &"%,$,)6&' ,' #/' #)7,-#+&)2#$%,' 4,),' 7&+%#' -#' *"*' 3&/,+#*
4,+7,+&%23,*8'>#'%+&%&'-#'#)7+#*&*'-,$-#'*#'323#'"$&'4"/%"+&'-#'&"%,$,)6&'("#'7#+)2%#'&0+&$-&+'/&
4&$4:&' -#' #)7,-#+&)2#$%,' -#' %,-&*' /&*' 7#+*,$&*' ("#' %+&1&Q&$' #$' #//&8' =$' 4&*,' #*' c2)1#+/<' !/&+.
M&%2$,&)G+24&' jc!!Mk8' 9,' *5/,' %2#$#$' #/' #)7,-#+&)2#$%,' 4,),' 7&+%#' -#' *"' /2*%&' -#' 3&/,+#*;' *2$,
("#' &-#)I*' /,' 323#$' +#&/)#$%#8' 9,' #*' +&+,' 3#+' &' "$' Q,3#$' -#' 3#2$%242$4,' &V,*;' 4,$' %+#*' &V,*' -#
#C7#+2#$42&;')&$#Q&$-,'"$'7+#*"7"#*%,'-#'42$4,')2//,$#*'-#'-5/&+#*'-#'N,+)&'%,%&/)#$%#'&"%5$,)&8
>#0B$' >#+02,' 9&4&4:;' ("2#$' N"#' 7+#*2-#$%#' -#' c!!M' 7,+' %+#*' &V,*;' /&' &"%,$,)6&' #*' #/' #/#)#$%,
7+2$427&/'("#'/#*'7#+)2%#'%#$#+'"$'#C%+&,+-2$&+2,'4/2)&'/&1,+&/'#$'%,-,*'/,*'7&6*#*'-,$-#',7#+&Zb8
=$' 4,$*#Q,' #*' ("#' "*#' /&' )2*)&' +#"$25$' #$' /&' ("#' *#' -2*4"%#' #/' #*("#)&' -#' -#/#0&425$' 4,$' *"
+#7,+%#' -2+#4%,' 7&+&' 4,$3#+*&+' 4,$' G/' j#//&k' &' 7&+%2+' -#' /&*' *20"2#$%#*' 7+#0"$%&*?' E("G' $,+)&*' ,
7,/6%24&*'-#'/&'#)7+#*&'*2#$%#*'("#'7"#-#$'*#+'+#32*&-&*'7,+("#'%#'("2%&$'&"%,$,)6&H'EF"G'$,+)&*',
7,/6%24&*'$,*'N&/%&$'("#':&4#$'("#'%#$0&*')#$,*'&"%,$,)6&H'EF"G'2$N,+)&425$'$#4#*2%&*'7&+&'*#+')I*
&"%5$,),'#$'%"'%+&1&Q,H
X#),*'-#Q&-,'/&'3&+2&1/#'`4,$-"4%&*'-#/'Q#N#a'7&+&'%,4&+/&'#$'#/'7+5C2),'4&76%"/,;'-&-,'("#'#*

"$&'-#'/&*')I*'2)7,+%&$%#*8
J*%#'*"14&76%"/,'#*%I'#*4+2%,'-#*-#'/&'7#+*7#4%23&'-#'"$'Q#N#','0#+#$%#;'7#+,'/&*')2*)&*'7+I4%24&*'<
4,$4#7%,*' *#' &7/24&$' -#*-#' /&' 7#+*7#4%23&' -#/' #)7/#&-,8' >2' "*%#-' $,' #*' Q#N#' <' *2#$%#' ("#' $,' %2#$#
&"%,$,)6&' #$' *"' %+&1&Q,;' 7"#-#' :&4#+' /,*' N,+)&%,*' <' 1"*4&+' "$&' +#"$25$' 4,$' *"' Q#N#' 7&+&' *"0#+2+/#
&/0"$,*'4&)12,*'#$'/&'N,+)&'-#'%,)&+'-#42*2,$#*8

;')AB&0'")6&7),()6&7-$"):('"!"#$%&$'("#':&16&'"$'+#<'&/'("#'/#'+#0&/&+,$'-,*'I0"2/&*8'!"&$-,'G*%&*'4+#42#+,$;'"$&'-#'#//&*'3,/&1&'<'/&',%+&'*5/,
*#' ("#-&1&' #$' /&' +&)&' -#' "$' I+1,/8' J/' +#<;' 7+#,4"7&-,;' 72-25' 4,$*#Q,' &' )"4:,*' &*#*,+#*' 7&+&' ("#' :242#+&$' 3,/&+' &/
I0"2/&;'7#+,'$,'%"3,'1"#$,*'+#*"/%&-,*O'#/'I0"2/&'*#0"6&'#$'/&'+&)&8'U#*7"G*'-#'"$'%2#)7,;'32$,'"$'4&)7#*2$,'&',N+#4#+
*"'&<"-&'&/'+#<8'J/'+#<'/,'32,')&/'3#*%2-,'<'/#'-2Q,?
@EF"G'7"#-#*':&4#+'%B'("#')2*'&*#*,+#*'$,':&<&$':#4:,'<&'7&+&'("#')2'I0"2/&'3"#/#H
@>5/,'-#)#'/&',7,+%"$2-&-;')2'+#<;'<'<,'/&':&+G'3,/&+'@+#*7,$-25'#/'4&)7#*2$,8
J/'+#<;'("#'$,'%#$6&'$&-&'("#'7#+-#+;'/#'-2,'#/'32*%,'1"#$,8'R'/,*'7,4,*')2$"%,*'#/'I0"2/&'-#'/&'+&)&'#*%&1&'3,/&$-,8
J/'+#<'N"#'&'7+#0"$%&+/#'&/'4&)7#*2$,?'@E!5),'/,'/,0+&*%#H
R'/,'("#'#/'4&)7#*2$,'+#*7,$-25?
@A"<'NI42/;')2'+#<;'*5/,'4,+%G'/&'+&)&'<'#/'I0"2/&'3,/58
9,' #*7#+#),*' ("#' $"#*%+,' Q#N#' ,' &/0"2#$' $,*' 4,+%#' /&' +&)&' #$' /&' ,N242$&' 7&+&' +#42G$' 7,$#+$,*' &' 1"*4&+' $"#*%+&
&"%,$,)6&8' >#&),*' 7+,&4%23,*;' 1"*("#),*' /&' &"%,$,)6&' #$' #/' %+&1&Q,' 4,$3#+*&$-,' <' $#0,42&$-,' 4,$' $"#*%+,' Q#N#;
7,+("#'%#$#),*'#/'-#+#4:,'&'#*%&+')I*'),%23&-,*'#$'$"#*%+&'32-&8'R-#)I*;'$,*'*#$%2+#),*')#Q,+8

>T5%7.)75)&,)]7U7)/(,%-('".(-)()6&7)U(97,%")'")"&%(,(9$"C

!/Y=3+$ >,O$ ,'3$ >,&++@#$ 63'(+#(#+$ #$ ,'#$ *&+)3'#$ +&#72&'(&

4'(&74%&'(&$*#+#$7,&%3$9&64+7&$73$>,&$(4&'&$>,&$A#6&+Y:B8
9DED&=$0F$-#$/*

n,/32#$-,'&'/&')#%IN,+&'-#'/&'4&$4:&'4,$'/&*'*#2*'3&+2&1/#*;'#$'/&'2/"*%+&425$'f['*#'3#'"$&'4&$4:&
+#-"42-&'-#'&"%,$,)6&'7,+'2$&-#4"&-&*'4,$-"4%&*'-#/'Q#N#8

+'&5%-"/01,)HQ

R' 4,$%2$"&425$;' -#*4+21,' /&*' 4,$-"4%&*' )I*' 2)7,+%&$%#*' -#/' Q#N#' ("#' 2)7&4%&$' /&' *#$*&425$' -#
&"%,$,)6&'-#/'*"1,+-2$&-,8
k('7-"-)7')7--(-)3(,75%(c'!"&$-,'/#'-&),*'&"%,$,)6&'&'"$&'7#+*,$&;'#C2*%#'/&'7,*212/2-&-'-#'("#'*#
#("23,("#8'M&')&$#+&'#$'("#')&$#Q&),*'#/'#++,+'-#%#+)2$&'#/'&7#%2%,'-#'&"%,$,)6&'-#/'*"1,+-2$&-,8
!"&$-,' "$&' 7#+*,$&' *#' #("23,4&' <' /&' :&4#),*' *#$%2+' )&/' 0+2%I$-,/&;' )&/%+&%I$-,/&' ,' 4&*%20I$-,/&;
2$*%&/&),*' /&' *20"2#$%#' 4+##$42&' #$' /&' )#$%#' -#' /&' 7#+*,$&?' `J/' #++,+' *#' 7&0&' 4&+,a;' %&/' 4,),' *#
)"#*%+&'#$'/&'2/"*%+&425$'f]8'J*%&'7#+*,$&'&7+#$-#'("#'/,')I*'*#0"+,'#*'-#Q&+'("#'#/'Q#N#'%,)#'/&*
-#42*2,$#*;' &"%,/2)2%&$-,' *"' 7+,72&' &"%,$,)6&8' A"4:&*' 3#4#*;' /,*' #)7/#&-,*' $,' %,)&$' -#42*2,$#*

7,+')2#-,'&'/&*'4,$*#4"#$42&*'$#0&%23&*'-#'%,)&+/&*8'L&+&':&4#+'"*,'-#'/&'&"%,$,)6&'#$%+#0&-&'#$'*"
%+&1&Q,'#*'2)7,+%&$%#'("#'/&*'7#+*,$&*'*2#$%&$'"$'#$%,+$,'*#0"+,8

+'&5%-"/01,)H*

e-(9(:7-)&,)75%0'()3(-0\(,%"'8'!"&$-,'"$'Q#N#'%2#$#'"$'#*%2/,':,+2D,$%&/'#*%I')"4:,')I*'&44#*21/#'<
4#+4&$,'&'*"'0#$%#'("#'&("#/'("#'%2#$#'"$'#*%2/,'Q#+I+("24,8'J*%&'4#+4&$6&'/#*'-&'&'/,*'%+&1&Q&-,+#*
("#'/#'+#7,+%&$'-2+#4%&)#$%#'&44#*,'&'2$N,+)&425$'32%&/'7&+&':&4#+'*"'%+&1&Q,'<'/#*'7#+)2%#'+#*,/3#+
*"*'-"-&*'+I72-&)#$%#'7&+&'*#0"2+'%+&1&Q&$-,'-#'N,+)&'&"%5$,)&8'!"&$-,'#/'Q#N#'#*'Q#+I+("24,;'%,-,
#*')I*'/#$%,;'/&'0#$%#'%2#$#')2#-,'-#'7+#0"$%&+'<'4"#*%2,$&+;'/,'4"&/'&N#4%&'/&'*#$*&425$'-#'&"%,$,)6&
-#'/&*'7#+*,$&*8
e-7B&,%"-)M)75/&/3"-)9A5d)3"8'"-)97,(5c'J$'4&-&'4,$%&4%,'4,$'/&'0#$%#'("#'%+&1&Q&'4,$'$,*,%+,*;
%#$#),*'/&'7,*212/2-&-'-#'N,)#$%&+'/&'&"%,$,)6&','N,)#$%&+'#/'4,$%+,/8'>2'"$'4,/&1,+&-,+'32#$#'<'$,*
7+#0"$%&;' 7,+' #Q#)7/,?' `}#N#;' "$' 4/2#$%#' *#' :&' ("#Q&-,' -#' $"#*%+,' *#+3242,' <' $,*' 72-#' "$&
4,)7#$*&425$a;'"*%#-'7"#-#'-#42+/#'/,'("#'%2#$#'("#':&4#+','7"#-#'7+#0"$%&+/#'`EF"G':&+6&*'%BHa8
!,),' Q#N#*;' -#42+/#*' &' /,*' *"1,+-2$&-,*' /,' ("#' %2#$#$' ("#' :&4#+' %2#$#' *"*' `7+#)2,*a;' 7"#*' $,*
*#$%2),*' 2$%#/20#$%#*;' 4,$' 7,-#+' <' #$' 4,$%+,/' -#' /&' *2%"&425$8' J*' "$' 7+#)2,' 7&+&' $"#*%+,' #0,8' L#+,
7+#0"$%&+/#*'&'/,*'4,/&1,+&-,+#*','*"1,+-2$&-,*'("G'#*'/,'("#':&+6&$'#$'-#%#+)2$&-&'*2%"&425$'/,*
&<"-&'&'4+#4#+;'&'#/#02+'*"*'7+,72&*'+#*7"#*%&*;'<'/,*'7+#7&+&'7&+&'&4%"&+'4,$')&<,+'&"%,$,)6&'#$'#/
N"%"+,8'L"#-#'("#'$,'#*%G'-#'&4"#+-,'4,$'/&'+#*7"#*%&;'7#+,'#/':#4:,'-#'7#-2+/#'*"',72$25$'0#$#+&'"$&
)&<,+'*#$*&425$'-#'&"%,$,)6&8'M"#0,;'"*%#-'7"#-#'+#N/#C2,$&+'4,$'G/'*,1+#'7,*21/#*'*,/"42,$#*':&*%&
#$4,$%+&+'/&')#Q,+8'F"2DI*'#*%,'7"#-#'%,)&+')I*'%2#)7,'&:,+&;'7#+,;'4,),'Q#N#;'#*%I'+#&/2D&$-,'"$&
#C4#/#$%#'2$3#+*25$'7&+&'#/'N"%"+,8

L,+' #Q#)7/,;' #/' 7+#*2-#$%#' -#' "$&' #)7+#*&' -#' 7&7#/' #$' J*%&-,*' =$2-,*;' ("#' %2#$#' 42#$%,*' -#
#)7/#&-,*;'%2#$#'"$&'+#"$25$'4,$'4&-&'#)7/#&-,'"$&'3#D'&/'&V,'<'4&-&'+#"$25$'-"+&'3#2$%#')2$"%,*8
J/'7+#*2-#$%#'2$32#+%#'42#$%,'*#%#$%&':,+&*'&/'&V,'#$'#*%&'&4%232-&-8'W/'$,'/,'3#'4,),'"$'0&*%,;'*2$,
4,),'"$&'2$3#+*25$ZY8
+,:('&/-"-)")'"5)#7-5(,"5)6&7)57-A,)"U7/%"."5)#(-)'").7/0501,c'=$,'-#'/,*'7#,+#*'`/&-+,$#*a'-#'/&
&"%,$,)6&' #*' 4"&$-,' $,*' #$%#+&),*' 7,+' %#+4#+,*' -#' ("#' &/0"2#$' %,)5' "$&' -#42*25$' +#/&42,$&-&' &
$"#*%+&'I+#&'<'$,'$,*'4,$*"/%58'>2'%2#$#'("#'%,)&+'"$&'-#42*25$','&/0"$&'&4425$'+#*7#4%,'&'&/0B$'I+#&;
#*'2)7,+%&$%#'+#"$2+'&'/&*'7#+*,$&*'2$3,/"4+&-&*'7&+&'("#;'7,+'/,')#$,*;'-#$'*"',72$25$8'J/':#4:,'-#
-&+'*"',72$25$'<'#*%&+'7+#*#$%#'#$'#/'7+,4#*,'-#'-#42*25$'&")#$%&'/&'*#$*&425$'-#'&"%,$,)6&8
L,+' #Q#)7/,;' #$' /,*' ),)#$%,*' )I*' ,4"7&-,*' -#/' &V,;' /,*' #Q#4"%23,*' -#' /&' &/%&' 0#+#$42&' -#' /&
#)7+#*&'!20$&'e+,"7;'#$'J*%&-,*'=$2-,*;'#)7"Q&$'7#+*,$&/)#$%#'"$'4&++2%,'-#'4&NG'4,$'7&*%#/2%,*
7&+&'%,-&*'/&*'7#+*,$&*'("#'&%2#$-#$'&/'4/2#$%#8'A2#$%+&*'*2+3#$;'/,*'#Q#4"%23,*'/#*'-&$'7&/&1+&*'-#
I$2),'&'*"*'4,/&1,+&-,+#*'<'#*4"4:&$'*"*'7+,7"#*%&*'7&+&'("#'/&'#)7+#*&')#Q,+#Zf8
J/':#4:,'-#'("#'/&'&/%&'0#+#$42&'*#'+#)&$0"#'/&*')&$,*'<'#)7"Q#'7#+*,$&/)#$%#'"$'4&++2%,'-#'4&NG
#*')"<'2)7,+%&$%#'7,+("#;'&-#)I*'-#'#*4"4:&+'/&*',7,+%"$2-&-#*'-#')#Q,+&;'#$36&'3&+2,*')#$*&Q#*?
`>,),*' "$&' #)7+#*&' :,+2D,$%&/a;' `%,-,*' *,),*' 20"&/#*a;' `#*4"4:&),*' /&*' ,72$2,$#*' -#' $"#*%+,
7#+*,$&/a;' #$%+#' ,%+,*8' T,-,*' #*%,*' )#$*&Q#*' &<"-&$' &/' ),%23&-,+' -#' /&' &"%,$,)6&8' 9,*' *#$%2),*
&"%5$,),*'4"&$-,'$,*'#*4"4:&$O'&-#)I*;'("#'#/'0#+#$%#'0#$#+&/'3#$0&'&'$"#*%+,'*2%2,'$,*'%+&$*)2%#
("#'*,),*'2)7,+%&$%#*'<'("#'$"#*%+&',72$25$'4"#$%&8
S%+,'4&*,'*2)2/&+'#*'#/'-#'X#+1'c#//#:#+;'("2#$'N"#'!JS'-#'>,"%:d#*%'R2+/2$#*8'!&-&'3#D'("#'G/
*#' #$4,$%+&1&' 32&Q&$-,' #$' "$,' -#' *"*' &32,$#*;' *#' -#-24&1&' &' &<"-&+' &' /&*' &#+,),D&*' &' :&4#+' *"
%+&1&Q,8'R/' :&4#+' #*%&' /&1,+;' c#//#:#+' #)7&%2D&1&' 4,$' #/' %+&1&Q,' -#' /&*' &#+,),D&*;' *#' 2$3,/"4+&1&
7#+*,$&/)#$%#' 4,$' #/' %+&1&Q,' ("#' #//&*' +#&/2D&1&$' &<"-&$-,' &' 7+,),3#+' /&' &"%,$,)6&;' 7"#*' #*%&1&
32#$-,'/&*'4,*&*'-#*-#'/&'7#+*7#4%23&'-#'*"*'%+&1&Q&-,+#*Zi8
;:0%7)'")90/-(B7-7,/0"c'X&<')"4:&*'4&"*&*'("#'7"#-#$',+202$&+'/&')24+,0#+#$42&?
o' J/' #C4#*23,' 7#+N#442,$2*),?' 4,$*2*%#' #$' ("#' #/' Q#N#' $,' %,/#+#' #/' )I*' )6$2),' #++,+' <' *#' 2$3,/"4+#' #$' 4&-&' -#%&//#' 7&+&' 0&+&$%2D&+' /&
7#+N#4425$8
o'=$'7+,1/#)&'-#'#0,?'#*%,'2$-"4#'&/'Q#N#'&'-#42-2+':&*%&'#/')I*'7#("#V,'-#%&//#'7,+("#'*#'4,$*2-#+&'#/')I*'4&7&D;')I*'2$%#/20#$%#;')I*
%+&1&Q&-,+;'#%48
o'=$'%#)&'-#'%#)7#+&)#$%,?':&<'Q#N#*'("#;'7,+'*"'%#)7#+&)#$%,;'*,$')"<'1"#$,*')&$#Q&$-,'#/'-#%&//#;'#*'*"'%&/#$%,8'!,),'/#*'0"*%&
%&$%,'#/'-#%&//#;':&4#$')24+,0#+#$42&'7,+'#/'7/&4#+'-#'"*&+'*"'%&/#$%,8

>2'"*%#-;'#$'*"'+,/'-#'Q#N#;'*#'*2#$%#'2-#$%2N24&-,'4,$'&/0"$&*'-#'#*%&*'4&"*&*;'#*'2)7,+%&$%#'("#
*#7&'("#'/&')24+,0#+#$42&'`-#*%+"<#a'jN+"*%+&k'/&'&"%,$,)6&'-#'/&*'7#+*,$&*'&'*"'4&+0,8'!"&$-,'/,*

4,/&1,+&-,+#*' *2#$%#$' ("#' "*%#-' ("2#+#' 3#+' :&*%&' #/' B/%2),' -#%&//#;' /#*' #$36&' #/' *20"2#$%#' )#$*&Q#?
`9,'4,$N6,'#$'"*%#-#*'/,'*"N242#$%#'4,),'7&+&'-&+/#*'&"%,$,)6&a8
J/'*20"2#$%#'#*'"$'4&*,'+#&/8

;')#-(8'79")'()%07,7,)'(5).79A5
J/'0#+#$%#'0#$#+&/'-#'"$&'#)7+#*&'//&)&'&'"$'4,$*"/%,+'7&+&'("#'/#'&<"-#'&')#Q,+&+'/&'4"/%"+&'-#'*"',+0&$2D&425$8'J/
0#+#$%#'/#'-24#'/,'*20"2#$%#?
@T#$0,' "$' 7+,1/#)&;' )2' #("27,' $,' %2#$#' 2$242&%23&;' $,' /,' 3#,' ),%23&-,;' &-#)I*' $,' :&<' %+&1&Q,' #$' 4,$Q"$%,' #$' /&
,+0&$2D&425$8
R/'0#+#$%#'*#'/,'3#6&'#$G+024,;':&1/&1&'4,),'*2'4&-&'7&/&1+&'("#'*&/6&'-#'*"'1,4&'N"#+&'"$'%#C%,'*&0+&-,;'*#'/,'3#6&
)"<'-"#V,'-#'/&'3#+-&-8
@M#'*"02#+,':&4#+'"$&'#3&/"&425$'-#'YZ['*,1+#'*"'0#*%25$'@/#'-2Q,'#/'4,$*"/%,+'&/'0#+#$%#8
@9,' )#' :&*' #$%#$-2-,8' A2' 0#$%#' #*' #/' 7+,1/#)&;' $,' <,' @&N2+)5' #/' 0#+#$%#' 4,$' /&' *#0"+2-&-' -#' A,2*G*
7+#*#$%&$-,'/&*'%&1/&*'-#'/&'/#<8
@M&'4"/%"+&'*#'N,+)&'-#'&++21&':&42&'&1&Q,8'>2'*"'0#$%#'$,'%+&1&Q&'#$'#("27,'<'#*%I'-#*),%23&-&;'/,'7+2)#+,;'<')I*
2)7,+%&$%#;'#*'-#*4&+%&+'("#'*#&'"*%#-'#/'7+,1/#)&'@&*#3#+5'4,$'%+&$("2/2-&-'#/'4,$*"/%,+8
@J*%I'12#$;'7+,4#-&'@+#*7,$-25'#/'0#+#$%#':&42#$-,'"$&'*"%2/'#C7+#*25$'-#'&*4,'<'-#*7+#42,8
R/' %#+)2$&+' /&' #3&/"&425$;' G*%&' +#3#/5' ("#' #/' 0#+#$%#' :&46&' )24+,0#+#$42&;' ("#' 4"&$-,' &/0"2#$' *#' #("23,4&1&' #+&
)&/%+&%&-,;'("#'G/'#+&'#/'B$24,'("#':&1/&1&'#$'/&*'+#"$2,$#*'<'/#*'-#46&'&'%,-,*'/,'("#'%#$6&$'("#':&4#+;'-#'),-,'("#
#+&'%,%&/)#$%#'Q#+I+("24,8'J$',%+&*'7&/&1+&*;'#+&'/,',7"#*%,'&'/,')#$42,$&-,'#$'#*%#'4&76%"/,'4,),'2-#&/8'J/'7+,1/#)&
$,'#+&'("#'*"'0#$%#'$,'%"32#+&'2$242&%23&;'*2$,'("#'G/'/&':&16&'N+"*%+&-,'4,$'*"*'4,$-"4%&*8'M&'0#$%#'$,'%+&1&Q&1&'#$
#("27,'7,+("#'G/'#+&'#/'("#'-#42-6&'%,-,8'EF"G'*#$%2-,'%2#$#'%+&1&Q&+'#$'#("27,'*2'&/'N2$&/'G/'/,'-#42-#'%,-,H
!"&$-,'#/'4,$*"/%,+'/#'7+#*#$%5'/,*'+#*"/%&-,*'N"#'"$&'*,+7+#*&'%,%&/'7&+&'#/'0#+#$%#8'9"$4&'/#':&16&$'-24:,'&'#*%&
7#+*,$&'("#'#/'7+,1/#)&'/,'%#$6&'G/8'l$%#$%5'$#0&+/,;'7#+,'/&'#32-#$42&':&1/&1&'7,+'*6'*,/&8'R/'N2$&/;'&4#7%5'("#'#+&'*"
7+,1/#)&'<'*#'7"*,'&'%+&1&Q&+'#$'*6')2*),'7&+&'4&)12&+8

!"5(5)7[0%(5(5).7)U(97,%().7)'")"&%(,(9$"
7,)'")79#-75"

!W7$ 63'(+37$ 73%+#$ 7#$ #6&*(#641'Z$ 7#$ #,(3'32@#$ 73%+#$ 7#

23(45#641'B8
'$0*(8&<D&E*0?
!"#)$*&+)3'#)$A3I$&)(G'$8,)6#'93$2,6A3$2G)$>,&$,'$)#7#+43<
W)(G'$8,)6#'93$>,&$73)$(+#(&'$6323$)&+&)$A,2#'3)<$W)(3$*,&9&
)3'#+$ 38543?$ *&+3$ 2,6A3)$ &2*7&#93+&)$ (39#5@#$ '3$ 73
&'(4&'9&'B8
@*4).(88&G$88

X&<'#)7+#*&*'("#'#*%I$'4,$3#$42-&*'-#'("#'/&'&"%,$,)6&'7+,-"4#'%&$'1"#$,*'+#*"/%&-,*'("#':&$
4&)12&-,' 7&+&-20)&*' #$' /&' N,+)&' -#' %+&1&Q&+8' =$&' -#' #//&*' #*' /&' #)7+#*&' e,,0/#;' /&' 4"&/' :&
#*%&1/#42-,' /&' 7,/6%24&' -#/' b[' 7,+' 42#$%,' 7&+&' *"*' 2$0#$2#+,*' -#' *,N%d&+#8' >20$2N24&' ("#' #/' b[' 7,+
42#$%,' -#' *"' %2#)7,;' ,' "$' -6&' &' /&' *#)&$&;' #*%,*' 2$0#$2#+,*' %2#$#$' /&' &"%,$,)6&' 7&+&' -#42-2+' ("G
7+,<#4%,' -#*#&$' #)7+#$-#+;' 4,$' ("2G$' ("2#+#$' :&4#+/,;' -5$-#' ("2#+#$' %+&1&Q&+/,' <' 45),' ("2#+#$
:&4#+/,8'J$',%+&*'7&/&1+&*;'"$'-6&'&'/&'*#)&$&'#/'2$0#$2#+,':&4#'/,'("#'G/'+#&/)#$%#'("2#+#8
R/0"$&*'7#+*,$&*'7"#-#$'7#$*&+'("#'#*%&'7,/6%24&'-#'e,,0/#'<&'$,'N,)#$%&'/&'&"%,$,)6&'*2$,'#/
/21#+%2$&Q#' <' /&' #$4"#$%+&$' -#)&*2&-,' +&-24&/8' L#+,' /,' 2$%#+#*&$%#' #*' ("#' #/' i[' 7,+' 42#$%,' -#' /&*
2$$,3&42,$#*'-#'e,,0/#'7+,32#$#'-#'#*%#'-6&8'!"&$-,'/&'7#+*,$&'*#'*2#$%#'&"%5$,)&;'*#'*2#$%#')"<
),%23&-&;'//#$&'-#'#),42,$#*'7,*2%23&*'<'#*,'&<"-&'&'N,)#$%&+'/&'2$$,3&425$8'M&'#)7+#*&'YA'%2#$#
"$&'7,/6%24&'*2)2/&+;'7#+,'#$'#*%#'4&*,'#/'%2#)7,'-#-24&-,'&'/,*'7+,<#4%,*'/21+#*'#*'-#']i'7,+'42#$%,'&
/&'*#)&$&8
J$'*"'/21+,'[AI$[3+N$P,6N);'!&/2'\#**2#+'<'},-<'T,)7*,$'7+#*#$%&$'/&')#%,-,/,06&'-#'\SuJ
j\&),7()$ K'7I$ [3+N$ W'54+32&'(k' ("#' #$' #*7&V,/' *#' %+&-"42+6&' 4,),' `&)12#$%#' -#' %+&1&Q,' *5/,' -#
+#*"/%&-,*a8'J/'4,$4#7%,'-#'\SuJ'*#'1&*&'#$'/,*'*20"2#$%#*'7+2$4272,*'("#'N,)#$%&$'/&'&"%,$,)6&?
]8'!&-&'7#+*,$&'7"#-#':&4#+'/,'("#'("2#+&'#$'/&')#-2-&'#$'("#'/,0+#'/,*'+#*"/%&-,*'&'/,*'("#'*#'4,)7+,)#%#8
b8'!&-&'7#+*,$&'%2#$#'%,%&/'&"%,$,)6&'<'4,$%+,/'#$'#/')&$#Q,'-#'*"'%2#)7,;'#$'/&')#-2-&'#$'("#'4")7/&'/,*'+#*"/%&-,*8
Y8'9,'*#'7&0&'7,+'%2#)7,;'*#'7&0&'7,+'+#*"/%&-,*8

J$')2*'4,$*"/%,+6&*'-#'4"/%"+&',+0&$2D&42,$&/;'#$4"#$%+,'"$&'4+##$42&'4,)7&+%2-&'#$'/&')&<,+6&'-#
/&*' #)7+#*&*?' `#/' ("#' *#' ("#-&' )I*' %2#)7,' #$' /&' #)7+#*&' #*' #/' )I*' 4,)7+,)#%2-,a;' ,' `*2' %#' 3&*

%#)7+&$,;'#+#*'"$'N/,Q,a8'J*%&*'4+##$42&*':&4#$'("#'/&'0#$%#'*#'("#-#':&*%&')I*'%&+-#'$,'7,+("#'/,
$#4#*2%#' 7&+&' 4")7/2+' *"*' +#*"/%&-,*;' *2$,' 7,+("#' ("2#+#' 4"2-&+' *"' 2)&0#$' #$' /&' ,+0&$2D&425$' j#*
-#42+;'7,+'),%23&425$'#C%+6$*#4&k8'M,'("#'7/&$%#&'/&')#%,-,/,06&'\SuJ'#*')#-2+'&'/&*'7#+*,$&*'$,
7,+' #/' %2#)7,' ("#' *#' ("#-&$' `4&/#$%&$-,' #/' &*2#$%,a;' *2$,' 7,+' *"' &7,+%#' &' /,*' +#*"/%&-,*
4,)7+,)#%2-,*8'J//,*'%2#$#$'%,-&'/&'N/#C212/2-&-'-#'*"'%2#)7,'#$'/&')#-2-&'#$'("#'%+&1&Q#$'#$'#("27,
<'4")7/&$'4,$'/,*'7+,4#-2)2#$%,*'-#'/&'#)7+#*&;'#*'-#42+;':&<'42#+%&*'7&"%&*'("#'`%+&D&$'/&'4&$4:&a8
M,*' *"7"#*%,*' j4+##$42&*' 4,)7&+%2-&*' 7,+' /,*' %+&1&Q&-,+#*' -#' "$&' #)7+#*&k' ("#' +,)7#' /&
)#%,-,/,06&'\SuJ'*,$?
o'J/'%+&1&Q,',4"++#'-#'^?[['&']g?[['#$'/&',N242$&8
o'M,*'+#*"/%&-,*'*,$'7+,7,+42,$&/#*'&/'%2#)7,'("#'"$,'7#+)&$#4#'#$'/&',N242$&8
o'M&'0#$%#'("#'%+&1&Q&')I*':,+&*'/,0+&')#Q,+#*'+#*"/%&-,*8
o'J*%&+'7+#*#$%#'#$'/&',N242$&'#*'N"$-&)#$%&/'7&+&'%+&1&Q&+'#$'#("27,8
o'>2'*#'/#*'-&'&'/&*'7#+*,$&*'#/'4,$%+,/'-#'*"'%2#)7,;'/,'&7+,3#4:&+I$'7&+&',%+,*'N2$#*8
o'L&+&'&*4#$-#+'&'&/0"2#$;'-#1#$'3#+/,'%+&1&Q&$-,')I*':,+&*'#$'/&',N242$&8

>h&,/0(,")'")97%(.('(B$")Nal;C
J*%&')#%,-,/,06&':&'*2-,'&7/24&-&'7,+'3&+2&*'#)7+#*&*;'7+2$427&/)#$%#'#$'J*%&-,*'=$2-,*;'<'/,*
+#*"/%&-,*':&$'*2-,')"<'7,*2%23,*ZZ?
]8' M&*' 7#+*,$&*' ("#' *20"#$' #*%&' )#%,-,/,06&' $,' +#7,+%&$' "$' 2$4+#)#$%,' -#' :,+&*' #$' *"' %+&1&Q,8' X&16&' #/' )2#-,' -#' ("#' &/' /21#+&+' #/
:,+&+2,'-#'%+&1&Q,;'/&'0#$%#'N2$&/)#$%#'%+&1&Q&+&')I*':,+&*;'<&'*#&'#$'/&',N242$&','#$'*"'4&*&8
b8'M&*'7#+*,$&*'*2#$%#$'("#'%2#$#$'"$')&<,+'1&/&$4#'#$'*"'32-&8
Y8'M&*'+#$"$42&*'3,/"$%&+2&*'-2*)2$"<#+,$'#$'^['7,+'42#$%,8
f8'M&'7+,-"4%232-&-'&")#$%5'#$'Yi'7,+'42#$%,8

J$'#*#$42&'/,'("#':&4#'/&')#%,-,/,06&'\SuJ'#*'-&+/#*'&"%,$,)6&'&'/&*'7#+*,$&*'#$'-,*'&*7#4%,*?
#$' -5$-#' ("2#+#$' %+&1&Q&+' <' 4"I$-,' ("2#+#$' :&4#+/,;' #$' /&' )#-2-&' #$' ("#' "$,' 4")7/&' 4,$' *"*
+#*"/%&-,*8' J*%&' )#%,-,/,06&' %2#$#' *#$%2-,' 7,+("#' $,' %,-,*' *,),*' 20"&/#*8' X&<' 7#+*,$&*' ("#
N"$42,$&$' )#Q,+' -"+&$%#' /&' %&+-#' ,' 7,+' /&' $,4:#' <' ,%+&*' &/' 4,$%+&+2,8' !,$' \SuJ;' *#' /#*' -&' /&
4,$N2&$D&' &' /&*' 7#+*,$&*' -#' ("#' #//&*' 7"#-#$' #*%&1/#4#+' *"*' 7+,72,*' :,+&+2,*' -#' %+&1&Q,' <' -5$-#
:&4#+/,'#$'/&')#-2-&'#$'("#'7"#-&$'#*%&+'#$'/&*'+#"$2,$#*'-#'%+&1&Q,'#$'#("27,'<'4")7/&$'4,$'*"*
+#*7,$*&12/2-&-#*8
R/0"$&*'#)7+#*&*'#$'M&%2$,&)G+24&':&$'#)7#D&-,'%6)2-&)#$%#'-&$-,'N/#C212/2-&-'#$'/&':,+&'-#
2$0+#*,'&/'%+&1&Q,8'M&'2-#&'#*'("#'#/'#)7/#&-,'%#$0&'/&'&"%,$,)6&'-#'-#42-2+'&'("G':,+&'("2#+#'#$%+&+
&'%+&1&Q&+'#$%+#'/&*'h?[['<'/&*'][?[['-#'/&')&V&$&;'7,+'#Q#)7/,8'K'/"#0,;'/#'72-#$'("#'4")7/&$'4,$
*"*',4:,':,+&*'-#'%+&1&Q,'-2&+2,8'J*'"$'1"#$'2$242,;'7#+,'-&-,'("#'\SuJ'-&'%&$'1"#$,*'+#*"/%&-,*;
*#+6&')#Q,+'"*&+'/&')#%,-,/,06&'4,)7/#%&8

l)&02$#' ("#' /,' :#' 4,$3#$42-,8' R:,+&' "*%#-' 72#$*&' -&+/#' )I*' &"%,$,)6&' &' *"' 0#$%#8' R7/24&' #/
N,+)"/&+2,'-#'-#/#0&425$'),*%+&-,'#$'4&76%"/,*'&$%#+2,+#*;'4&)12&'*"*'4,$-"4%&*'4,),'/6-#+;'&7/24&
7&+%#' -#' /&' )#%,-,/,06&' -#' \SuJ' 7,+("#' *&1#' ("#' *"*' 4,/&1,+&-,+#*' 3&$' &' #*%&+' ),%23&-,*' <
&-#)I*' "*%#-' 3&' &' 0#$#+&+' )&<,+' 7+,-"4%232-&-8' L#+,;' /"#0,' -#' :&4#+/,;' "$' 7&+' -#' 7#+*,$&*' ("#
%+&1&Q&$'4,$'"*%#-'*#'&4#+4&$'<'/#'-24#$?'`}#N#;'/&'3#+-&-'#*'("#'#*%#'%#)&'-#'/&'&"%,$,)6&'$,'#*'7&+&
)6;'<,'7+#N2#+,'/&*'4,*&*'4,),'#+&$'&$%#*;'7&+&')6'#*'32%&/'4,$*"/%&+'%,-,'4,$'"*%#-a8
M,'("#'/#',4"++#'&'#*%#'*"1,+-2$&-,'*#'7+#*#$%&'#$'/&'2/"*%+&425$'fb8

+'&5%-"/01,)HE

J$',%+&*'7&/&1+&*;'&$%#*'*"'4,/&1,+&-,+'#*%&1&'+#7+2)2-,'#$'"$&'`Q&"/&a'4,$')"<'7,4&'&"%,$,)6&;
7#+,'&:,+&'"*%#-'/&'&1+#'<'G/'$,'("2#+#'*&/2+8'EL,+'("GH'L,+("#'#*')"<'7+,1&1/#'("#'*"'N,+)&425$'-#
$2V,':&<&'*2-,'4,$%+,/&-&;'("#':&<&'%#$2-,'7&-+#*'&"%,+2%&+2,*'("#'$,'/#'-&1&$'&"%,$,)6&','7&-+#*
)"<' 4&*%20&-,+#*' <' )&/%+&%&-,+#*' 4"&$-,' *#' #("23,4&1&8' R:,+&;' -#' &-"/%,;' #/' 4,/&1,+&-,+' %2#$#
0+&1&-,' #$' *"' 2$4,$*42#$%#' ("#' #*' )I*' *#0"+,' -#Q&+' ("#' /&' N20"+&' -#' &"%,+2-&-' -#42-&' ,' ("#;' *2' *#
#("23,4&;' /#' 3&$' &' ("2%&+' #/' 4&+2V,8' !,),' 3#6&),*' #$' 4&76%"/,*' &$%#+2,+#*;' *2' $,' &<"-&),*' &' /&*
7#+*,$&*'&'-#42-2+'7,+'*6')2*)&*'&'+#N/#C2,$&+'*,1+#'*"*'&442,$#*'<'&'-2+202+'*"'7+,72&'4,$-"4%&;'$,
*&1+I$'("G':&4#+'#$'&"*#$42&'-#'&/0"2#$'("#'*#'/,*'-20&8'EF"#+#),*'#*%,'7&+&'$"#*%+,*'%+&1&Q&-,+#*H;
E7&+&'$"#*%+,*':2Q,*H
J$' )2' #C7#+2#$42&' 4,$' 7#+*,$&*' 4,$' #*%#' 7&*&-,;' &-#)I*' -#' &1+2+' /&' Q&"/&' #*' )"<' 2)7,+%&$%#
-&+/#*'"$&')&$,'7&+&'&<"-&+/,*'&'*&/2+'-#'#//&8'J*'-#42+;'7+,1&1/#)#$%#'/&'&"%,$,)6&'/,*'&*"*%#;'7,+

#*,' :&<' ("#' *#+' 0+&-"&/' 4,$' #*%&*' 7#+*,$&*' #' 2+' N,)#$%&$-,' *"' &"%,$,)6&' 7,4,' &' 7,4,;' ("#' 3&<&$
*2$%2#$-,'("#'*,$'#//,*'("2#$#*'3&$'-#42-2#$-,'*"'-#*%2$,;'("#'*,$'#//,*'("2#$#*'0"6&$'*"'&4%"&425$8
R/' N2$&/;' *#' 1#$#N242&+I$' -#' %#$#+' &"%,$,)6&' <' *#' -&+I$' 4"#$%&' -#' ("#;' #$' #/' 7&*&-,;' #*%"32#+,$
3232#$-,'%,%&/)#$%#'4,$%+,/&-,*8

N"M
J$'/&'7#/64"/&'\#I'@("#'4"1+#'/&':2*%,+2&'+#&/'-#/')B*24,'\&<'!:&+/#*;'("2#$'&'/,*'*2#%#'&V,*'7#+-25'/&'32*%&@':&<
"$&'#*4#$&'("#'2/"*%+&'"$'7"$%,'2)7,+%&$%#'+#*7#4%,'&'/&'&"%,$,)6&8'>"4#-#'Q"*%,'-#*7"G*'("#'#/'7#+*,$&Q#'72#+-#'/&
32*%&;' 4"&$-,' #$%+&' &' /&' 4&*&' -,$-#' #*%I' *"' )&)&' <' #/' $2V,' %+,72#D&' 4,$' "$&' *2//&;' 4&#' <' #)72#D&' &' //,+&+' <' &' 0+2%&+?
`xA&)Iy'xA&)I;'&<B-&)#O')&)I;'&<B-&)#O'%#'$#4#*2%,ya8
M&')&)I'#*%I'#$'/&'4&*&;'3#'&'*"':2Q,'42#0,'//,+&$-,;'7#+,'-#42-#'("#-&+*#'7&+&-&'32G$-,/,'4,$'"$&'#C7+#*25$'-#
*"N+2)2#$%,' <' -,/,+8' \&<' -#Q&' -#' //,+&+' -#*7"G*' -#' "$' ),)#$%,' <' *#' 7&+&;' /"#0,' #)72#D&' &' #*4"4:&+;' #*4"4:&' &' "$&
3&4&' 7&*&$-,' 7,+' /&*' &N"#+&*' -#' /&' 4&*&;' #*4"4:&' /&' %#%#+&' :2+32#$-,' #$' /&' 4,42$&;' /"#0,' *#' -2+20#' :&42&' #/' 4,)#-,+
%,4&$-,'/,*'/&-+2//,*'-#'/&'7&+#-8'J*4"4:&'/&'/#V&'&+-2#$-,'#$'/&'4:2)#$#&;'*#'&4#+4&'<;'4"&$-,'3&'&'%,4&+/&;'*&4&'/&
)&$,'Q"*%,'&$%#*'-#'("#)&+*#;'7"#*'*2#$%#'#/'4&/,+'2$%#$*,8'M&')&)I'#*%I',1*#+3&$-,'%,-,'4,$'"$'+,*%+,'-#'-"+#D&
("#' #*4,$-#' "$' 7+,N"$-,' -,/,+8' M"#0,;' \&<' #*4"4:&' &' "$' 7#("#V,' 0+2//,' ("#' :&4#' "$' *,$2-,' 7+I4%24&)#$%#
2$-2*%2$0"21/#8' >#' &0&4:&' <' *5/,' 4,$' #/' *,$2-,' 2$%#$%&' &%+&7&+' &/' 0+2//,8' U#*7"G*' -#' 3&+2,*' 2$%#$%,*;' /,' &%+&7&
*,+7+#$-2#$-,' &' /&' )&)I' ("#' #*%&1&' &' *5/,' -,*' )#%+,*' -#' G/8' >#0"2-&)#$%#;' #/' $2V,' *#' 7,$#' -#' 72#' <' /#' -24#' &' *"
)&-+#?' `K,' %&)12G$' %#' 7"#-,' #*4"4:&+' &' %2;' )&)I;' %B' #*%I*' &("6' )2*),a8' J$' #*#' ),)#$%,;' "$&' /I0+2)&' -2*"#/3#' /&
-"+#D&'#$'#/'+,*%+,'-#'/&')&-+#'("#'3&'<'&1+&D&'&'*"':2Q,8

M&'7+#0"$%&'7&+&'/,*'/#4%,+#*'#*?'E/&')&)I'#*%&1&'N,+)&$-,'&"%,$,)6&','2$-#7#$-#$42&H'X&0&'"$&
7&"*&'#$'*"'/#4%"+&'<'+#N/#C2,$#'*,1+#'#/'%#)&8
X#),*' -#N2$2-,' /&' &"%,$,)6&' 4,),' /&' 7,*212/2-&-' -#' #/#02+' $"#*%+&*' 7+,72&*' 4,$-"4%&*8
l$-#7#$-#$42&'#*':&4#+'/&*'4,*&*'7,+'"$,')2*),;'*2$'-#7#$-#+'-#'%#+4#+,*Zh8'J$'/&'#*4#$&;'/&')&-+#
#*%&1&'N,)#$%&$-,'2$-#7#$-#$42&')I*'("#'&"%,$,)6&8
J*' 2)7,+%&$%#' :&4#+' /&' -2N#+#$42&' #$%+#' &)1,*' 4,$4#7%,*' 7,+("#' $,' *,$' /,' )2*),;' <' 4"&$-,' )#
+#N2#+,' &' &"%,$,)6&;' #*' /&' ("#' "$,' 7"#-&' #/#02+' <' -#42-2+' 3,/"$%&+2&)#$%#' *"*' 7+,72&*' 4,$-"4%&*Zg8
L,+'#Q#)7/,;'"$&'7#+*,$&'7"#-#'*#+'&"%5$,)&'#$'*"'%+&1&Q,'<'#$')"4:,*'&*7#4%,*'-#'*"'32-&;'7#+,'$,
2$-#7#$-2#$%#'j&/')#$,*'#4,$5)24&)#$%#k'7,+("#'%,-&36&'#*')&$%#$2-&'7,+'*"*'7&-+#*8

;:"'&",.()5&)"#-7,.0\"]7)7,)7')U(97,%().7)'")"&%(,(9$"

!"#$ #,(3'32@#$ 42*746#$ #),24+$ 7#$ +&)*3')#84749#9$ 9&$ ',&)(+3)

L+#6#)3)$I$#),24+$&7$6+O94(3$9&$',&)(+3)$OT4(3)B8
70H0*/2

R' 4,$%2$"&425$' *#' 7,$-+I' "$' #Q#)7/,' -#' "$&' *2%"&425$' 7&+&' #3&/"&+' ("G' %&$%,' "$' Q#N#' N,)#$%&' /&
&"%,$,)6&' ,' #/' 4,$%+,/' 4,$' *"' 7#+*,$&/8' J$' #*%&' ,7,+%"$2-&-' 7/&$%#&+#),*' "$&' *2%"&425$' 7&+&' ("#
"*%#-'7,$0&'#$'7+I4%24&'%,-,'/,'&7+#$-2-,':&*%&'#/'),)#$%,8
R'#*%&'#*4#$&'/&1,+&/'*#'/#'7+#*#$%&+I$'7,*21/#*')&$#+&*'-#'&4%"&+'N+#$%#'&'#//&'<'*#'/#'7+#0"$%&+I
("G' %&$' &7+,72&-,' +#*"/%&' 7&+&' "*%#-' +#*7,$-#+' -#' /&' )&$#+&' ("#' *#' 2$-24&' #$' 4&-&' 4&*,8' F"2DI' /&
*2%"&425$'$,'*#'7+#*#$%#'#$'*"'/"0&+'-#'%+&1&Q,;'7#+,'%+&%#'-#'2)&02$&+'45),'+#*7,$-#+6&'"*%#-'#$'"$&
*2%"&425$'*2)2/&+8'L,+'N&3,+;'*#&'%,%&/)#$%#'*2$4#+,'#$'*"'+#*7"#*%&Z^8
=%2/24#'/&'*20"2#$%#'#*4&/&'7&+&'4,/,4&+/#'"$'7"$%&Q#'&'4&-&',7425$'-#'+#*7"#*%&;'*#0B$'*"'4+2%#+2,8

A"<'2$&-#4"&-,'A,-#+&-&)#$%#'&-#4"&-,'A"<'&-#4"&-,

U#%G$0&*#' "$' ),)#$%,' <' 72#$*#' E4"I/' -#' /&*' ,742,$#*' #/2025' 4,),' `)I*' &-#4"&-&aH' M&' ,7425$
$B)#+,'b'#*'"$'4,)7,+%&)2#$%,'("#'&7,<&'/&'&"%,$,)6&'-#'/&'7#+*,$&8'>2'#/2025'/&*',742,$#*'];'Y','f
-#%G$0&*#'"$'),)#$%,'&'+#N/#C2,$&+'45),'#*%,*'4,)7,+%&)2#$%,*'7+#*2,$&$'&'/&'7#+*,$&'<'N+"*%+&$'*"
&"%,$,)6&8
M&'+#*7"#*%&'("#'7+,)"#3#'/&'&"%,$,)6&'#*'/&'b8'J$'7+2)#+'/"0&+;'/#'72-#'("#'/#'4"#$%#'*"'3#+*25$
-#'/,*':#4:,*8'J*'7,*21/#'("#'#C2*%&'"$'),%23,'("#'$,*,%+,*'-#*4,$,D4&),*8'T&)12G$;'&/'7+#0"$%&+/#
*"' ,72$25$' /,' 3&/2-&' 4,),' 7#+*,$&;' 7"#*' /#' :&4#' *#$%2+' ("#' *"*' ,72$2,$#*' 4"#$%&$;' N,)#$%&$-,' *"
&"%,$,)6&8

>i"/7).7#(-%75)#(-6&7)6&07-7
()#(-6&7).787C

!"#$ 94L&+&'64#$ &'(+&$ >,4O'$ &+&)$ I$ >,4O'$ >,4&+&)$ )&+$ &)$ #>,&773
>,&$A#6&)B8
=2I(%4&J*;2-$?*

E!"I$%&*'3#4#*'/#':&'7&*&-,'("#'*#':&'4,)7+,)#%2-,'4,$'"*%#-')2*),'&':&4#+'"$&'-2#%&;'4,)#+
*&/"-&1/#',':&4#+'#Q#+4242,*'<'/"#0,'*#':&'N&//&-,'&'*6')2*),H
l)&02$&),*'("#')I*'-#'"$&'3#D'("2DI*'/,'("#'/#':&'N&/%&-,'#*'%#$#+'/&'),%23&425$'4,++#4%&8
A"4:&*'7#+*,$&*'2$242&$'-2#%&*','#)72#D&$'&':&4#+'-#7,+%#*'7,+'),%23&42,$#*'#C%+6$*#4&*'4,),?
o'9,')#'0"*%&'("#')#'3#&$'0,+-,w0,+-&'j4,$%+,/&-,'7,+'/,'("#'72#$*&$'/,*'-#)I*k8
o'9,'#$%+,'#$')2*'7&$%&/,$#*','3#*%2-,'j4,$%+,/&-,'7,+'"$&')#%&k8
o'>2'*20,'4,)2#$-,'&*6;')#'-&+I'"$'2$N&+%,','-2&1#%#*'j4,$%+,/&-,'7,+'#/')2#-,'&'/&*'4,$*#4"#$42&*k8
o'T,-,*':&4#$'-#7,+%#*;'<,'%&)12G$'-#1#+6&'j4,$%+,/&-,'7,+'/&'7+#*25$'*,42&/k8
o'n,<'&':&4#+'-#7,+%#'7,+("#'#*'/,'("#'("2#+#')2'7&-+#','7&+#Q&'j4,$%+,/&-,'7,+'%#+4#+,*k8

M&*'),%23&42,$#*'#C%+6$*#4&*;'4,),':#),*')#$42,$&-,'&$%#+2,+)#$%#;'*,$'-#')#$,+'4&/2-&-'("#
/&*'),%23&42,$#*'2$%+6$*#4&*8'J*'7+,1&1/#'("#'$,*'&<"-#$'&'2$242&+'"$'4&)12,'-#':I12%,*;'7#+,'*#+I
-2N642/'("#'#*%&'),%23&425$'N"$42,$#'#$'#/'/&+0,'7/&D,'j*,1+#'%,-,'*2'$,*'&1"++#'/&'&4%232-&-k8
J$' "$&' 2$3#*%20&425$' *#' %,)5' 4,),' )"#*%+&' &' "$' 0+"7,' -#' 42#$%,' %+#2$%&' <' *#2*' 7&+%2427&$%#*' -#
#-&-#*' #$%+#' 4"&+#$%&' <' 42$4"#$%&' <' 42$4,' &V,*' <' *#' #3&/"5' #/' %27,' -#' ),%23&425$' ("#' %#$6&$' 7&+&
1&Q&+'-#'7#*,8'=$'0+"7,'%#$6&'),%23&42,$#*'#C%+6$*#4&*'4,),'/&*')#$42,$&-&*'&$%#+2,+)#$%#;'<',%+,
0+"7,' %#$6&' ),%23&42,$#*' 2$%+6$*#4&*' 4,),;' 7,+' #Q#)7/,?' `F"2#+,' :&4#+' -2#%&' 7&+&' *#$%2+)#' 12#$
4,$)20,')2*),a','`("2#+,':&4#+'-2#%&'7,+("#'#*'2)7,+%&$%#'7&+&')2'*&/"-a8'M"#0,'*#'/#*',N+#425'"$
7+,0+&)&'0+&%"2%,'-#'+#-"4425$'-#'7#*,8'>#'#$4,$%+5'("#;'#$'#/'4,+%,'7/&D,;'&)1,*'0+"7,*'1&Q&+,$'-#
7#*,8'>2$'#)1&+0,;'*5/,'&("#//,*'("#'#*%&1&$'),%23&-,*'2$%+6$*#4&)#$%#')&$%"32#+,$'/&'-2#%&'&'/&+0,
7/&D,h[8
J$'"$&'2$3#*%20&425$'+#&/2D&-&'#$'02)$&*2,*'*#'#$4,$%+5'("#'/&'7#+*,$&*'("#')I*'7#+*#3#+&1&$'#$
#/'/&+0,'7/&D,'#+&$'&("#//&*'),%23&-&*'2$%+6$*#4&)#$%#'j`7,+("#')#'*2#$%,'*&/"-&1/#ak'&'-2N#+#$42&
-#'/&*'7#+*,$&*'),%23&-&*'#C%+6$*#4&)#$%#'j`7,+("#'("2#+,'("#')#'3#&$'-#/0&-&w,ak8
L#+,' E("G' ,4"++#' 4"&$-,' $,*' &1"++#' ,' $,*' -&' N/,Q#+&' ,' $,' #$%#$-#),*' /&' 2)7,+%&$42&' -#' :&4#+

-#7,+%#*','4,)#+'*&/"-&1/#)#$%#H
J$'#*%#'4&*,'7,-+6&'2$%#$%&+'#/'"*,'-#'"$'),%23&-,+'#C%+6$*#4,;'7,+("#'#C2*%#'/&'7,*212/2-&-'-#'("#
-#*7"G*' -#' "$' %2#)7,' -#' 7+"#1&' +#&/2D&$-,' /&' &4%232-&-' 4,)7+#$-&),*' /&' 2)7,+%&$42&' ,' :&*%&' $,*
0"*%#':&4#+/&8
J/'4&*,'7+#*#$%&-,'&'4,$%2$"&425$'#*'"$'#Q#)7/,'-#'#*%,8

K):7/75)&,")75%-"%7B0").7)/(,%-(')#&7.7)U&,/0(,"U&+6,;'#/'7&7I'-#'R+2&$&;'#+&'"$&'7#+*,$&')"<'-#7,+%2*%&'<'("#+6&'("#'*"':2Q&'7+&4%24&+&'-#7,+%#*'-#*-#'$2V&8'L#+,
R+2&$&'#+&'"$&'7#+*,$&'4,$'7,4&'),%+242-&-;'&/0,'N/,Q&'<'$,'/#'0"*%&1&':&4#+'-#7,+%#*8'>"'7&-+#'/&':2D,'7+,1&+'%,-,*
/,*'-#7,+%#*;'7#+,'R+2&$&'%#+)2$&1&'-#QI$-,/,*8'U&+6,':&16&'*2-,'4&)7#5$'-#'#*("6'<'-#42-25'("#'*"':2Q&'*6','*6'%#$6&
("#':&4#+'-#7,+%#8'J$'#*#'),)#$%,;'/#'("2%5'&"%,$,)6&'&'R+2&$&'<'/#'-2Q,?'`TB'3&*'&':&4#+'#*("6'4,$)20,'%,-&*'/&*
*#)&$&*'#$'2$32#+$,a8'R+2&$&'+#4/&)5;'7+,%#*%5;'7#+,'*"'7&-+#'/&',1/205'&'7"$%&'-#'4&*%20,*'*2'$,'/,':&46&8'R+2&$&'#+&
"$&'4:24&'1&*%&$%#'-542/'<'4,$'#/'%2#)7,'&4#7%5':&4#+'#*("6'7,+("#'#+&'/,'("#'*"'7&-+#'#*7#+&1&'-#'#//&8'R'7#*&+'-#
("#'21&'&'#*("2&+;'*"*'7+,%#*%&*'4,$%+&'#/'-#7,+%#' -"+&1&$')#-2&':,+&'2$%#$%&$-,'4,$3#$4#+'&'*"'7&-+#' -#'("#'$,'/&
//#3&+&8' L&*&+,$' %+#*' &V,*' #$' #*%#' 7/&$' :&*%&' ("#' R+2&$&' N"#' 4+#42#$-,;' &7+#$-2#$-,' )I*' #/' -#7,+%#' <' #)7#D5' &
0"*%&+/#8'K&'$,'*#'("#Q&1&'4"&$-,'21&;':&*%&'#$'2$32#+$,'4,$'N+6,8'R+2&$&'&:,+&'*#'*#$%6&')"<'4,)7#%#$%#'#*("2&$-,'<
-2*N+"%&1&'#/'#*("2&+;'&:,+&'#+&'#//&'/&'("#'/#'7#-6&'&'*"'7&-+#'2+8

>2'&$&/2D&),*'/&'#*%+&%#02&'-#/'7&7I'-#'R+2&$&;'#$'#/'7+2)#+'4&*,'#)7/#5'/&'),%23&425$'#C%+6$*#4&8
J*' -#42+;' /&' ,1/205' &' :&4#+' -#7,+%#*' #' 2$4/"*,' +#4"++25' &/' 4&*%20,8' AI*' &-#/&$%#;' R+2&$&' #)7#D5' &
7+&4%24&+'#*("6'7,+("#'`#+&'/,'("#'#*7#+&1&$'-#'#//&aO'G*%&'#+&'"$&'),%23&425$'2$%+,<#4%&-&8'M"#0,
-#' %+#*' &V,*' #$' /,*' ("#' R+2&$&' *#' N"#' 3,/32#$-,' 4&-&' 3#D' )I*' 4,)7#%#$%#;' #)7#D5' &' -2*N+"%&+' #/
#*("6;' #$%,$4#*' *"' ),%23&425$' N"#' 2$%+6$*#4&8' >2' 3#),*' $"#3&)#$%#' /&' 2/"*%+&425$' -#' /&' #*4&/#+&
j2/"*%+&425$'fYk'("#'*#')"#*%+&'&'4,$%2$"&425$;'#*'2)7,+%&$%#'+#4,+-&+'("#'$,'%#$#),*'("#'7&*&+'7,+
%,-,*' /,*' #*4&/,$#*O' 7,-#),*' 2+' 4,++2#$-,' <' *&/%&+' -#' N+#$%#' :&*%&' #/' %#+4#+' ,' 4"&+%,' #*4&/5$
j),%23&425$'#C%+6$*#4&'2-#$%2N24&-&','),%23&425$'2$%+6$*#4&;'/&*'4"&/#*'*,$'-#')#Q,+'4&/2-&-k8

+'&5%-"/01,)HF

;')9(%0:".(-).7)/(9#7%7,/0"

!W7$(4&2*3?$73)$*+&36,*#643'&)$I$&7$&)(+O)$9&)#*#+&6&'$6,#'93
,'3$ (4&'&$ 7#$ L3+(,'#$ 9&$ (+#8#R#+$ &'$ ,'$ +&(3$ #$ 7#$ #7(,+#$ 9&$ ),)
(#7&'(3)B8
'$+*"&,*-)./$0

K/%0:0.".
J$')2*'%&//#+#*;')"#*%+,'"$&'N,%,'4,),'/&'-#'/&'2/"*%+&425$'ff'<'/#*'72-,'&'/,*'7&+%2427&$%#*'("#'7,+'N&3,+':&0&$'"$
-21"Q,'-#'#//&'/,')I*'&7+,C2)&-,'&'/&'+#&/2-&-8
X&0&'"$&'7&"*&'#$'/&'/#4%"+&'#'2$%#$%#':&4#+'*"'-21"Q,;'&"$("#'*2#$%&'("#'$,'#*'1"#$,'-21"Q&$-,8

+'&5%-"/01,)HH

!,$'#*%#'#Q#+4242,;')"4:,*'7&+%2427&$%#*'*"N+#$O'/,*'3#,'#*N,+D&+*#;'7#+,'*"*'-21"Q,*'-2*%&$')"4:,

-#' /&' N,%,0+&N6&8' J*%&*' 7#+*,$&*' $,' -2*N+"%&$' #/' #Q#+4242,;' )I*' 12#$' /,' ,-2&$' <' *#' /#*' 3#' &$*2,*,*
7,+("#'/#*':#'7#-2-,'"$'+#%,'("#'#*%I')"<'/#Q&$,'&'*"*'%&/#$%,*8'M&'2/"*%+&425$'fi')"#*%+&'"$'#Q#)7/,
-#'/,'("#'-21"Q&'#*%#'0+"7,8
S%+,*'7&+%2427&$%#*;'#$'4&)12,;'*6'/,'-2*N+"%&$8'M,*'3#,'-21"Q&$-,'4,$'42#+%&'-#*%+#D&'<':&42#$-,
"$' -21"Q,' 1&*%&$%#' 1"#$,8' >#' /#*' 3#' N#/24#*;' +#&/2D&$-,' "$' +#%,' &' /&' &/%"+&' -#' *"*' %&/#$%,*8' M&
2/"*%+&425$'fZ')"#*%+&'"$'#Q#)7/,'-#'/,'("#'-21"Q&'#*%#'0+"7,8

+'&5%-"/01,)HJ)))))))))))))+'&5%-"/01,)HS

_2$&/)#$%#;'*2'/#'72-2#+&'&'"$'&+%2*%&'4,$*&0+&-,'("#':242#+&'"$&'72$%"+&'-#'/&'N,%,;'/,')I*'7+,1&1/#
#*'("#'*#'&1"++2+6&':&42G$-,/&8'F"2DI*'7&+&'("#'*#&'&/0,'#$%+#%#$2-,;'G/'%#$-+6&'("#'&")#$%&+'*"'$23#/
-#'-#*&N6,'<'72$%&+;'7,+'#Q#)7/,;'"*&$-,'"$&'*,/&')&$,',':&4#+/,'4,$'"$',Q,'4#++&-,8

+'&5%-"/0(,75)HV

M,'("#',4"++25'4,$'/,*'-21"Q,*'*#'7"#-#'#C7/24&+'4,$'#/'4"&-+,'-#'N/"Q,'57%2),'-#/'-,4%,+'A2:&/<
!*2.D#$%)2:&/<2h]8'M,'("#'G/'7/&$%#&'#*'("#'4"&$-,'%#$#),*'"$'+#%,'-#)&*2&-,'0+&$-#'7&+&'$"#*%+,*
%&/#$%,*;' #$%+&),*' #$' /&' D,$&' -#' &$*2#-&-;' 4,),' /,' :2D,' #/' 7+2)#+' 0+"7,8' 9,*' *#$%2),*' N+"*%+&-,*;
%#$*,*;'2$4,)7#%#$%#*8
L,+',%+,'/&-,;'*2'%#$#),*'"$'+#%,'("#'#*'7#("#V,'<'%#$#),*')"4:,'%&/#$%,;'#$%+&),*'&'/&'D,$&'-#
&1"++2)2#$%,8'J*%,'/#'7,-+6&'7&*&+'&'"$'&+%2*%&'4,$*&0+&-,;'("#':&':#4:,')2/#*'-#'+#%+&%,*'<'("#'*#'/#
72-#'("#':&0&'"$'-21"Q,'-#'/&'N,%,8
L#+,'/&*'7#+*,$&*'("#'*#$%6&$'("#'#/'+#%,'#*%&1&'&'/&'&/%"+&'-#'*"*'%&/#$%,*'#*%&1&$'#$'/&'N+&$Q&'-#
N/"Q,' 57%2),8' J*%&1&$' #$' "$' ),)#$%,' -,$-#' #/' %2#)7,' 3"#/&;' -,$-#' /&*' 7#+*,$&*' *#' *2#$%#$
4,)7#%#$%#*' <' -2*N+"%&$' #/' +#%,' ("#' *#' *2#$%#$' 4&7&4#*' -#' &/4&$D&+8' J*%&*' 7#+*,$&*' *,$' /&*' -#/
*#0"$-,'0+"7,8'W*%&*'#+&$'/&*'7#+*,$&*'+#&/)#$%#'),%23&-&*8
L,-#),*':&4#+'"$'#Q#)7/,'*2)2/&+'4,$'#/'-#7,+%#8'l)&02$#'("#'"*%#-'%2#$#'*"'#("27,'-#'N"%1,/2%,'<
("#'*,$'1&*%&$%#'1"#$,*;'7"#*':&$'0&$&-,'3&+2,*'4&)7#,$&%,*8'l)&02$#'("#'#$'"$'7&+%2-,'&)2*%,*,'/#
%,4&'Q"0&+'4,$',%+,'#("27,')"<')&/,8'K&'3&$'0&$&$-,']['&'[8'R/'4,)2#$D,'*#'#),42,$5'7,+'#/'7+2)#+
0,/;'7#+,'<&'#$'#/'B/%2),'0,/'$2'N#*%#Q&$'7"#*'<&':&*%&'/#*'-&'3#+0t#$D&'*#0"2+'Q"0&$-,8'J/'7&+%2-,'*#
%,+$5'&1"++2-,'7,+("#'%"3,'"$'+#%,'("#'$,'#*%&1&'&'/&'&/%"+&'-#'*"*'%&/#$%,*8'R:,+&'2)&02$#'/&'N20"+&
4,$%+&+2&;'/#'%,4&'Q"0&+'4,$%+&'"$'#("27,'%,%&/)#$%#'*"7#+2,+'&'"*%#-#*8'J/'#("27,'4,$%+&+2,')#%#'#/
7+2)#+'0,/'<'*"'#("27,'*20"#'7,$2#$-,'N"#+D&;'7#+,'<&'4"&$-,'/#*'3&$'0&$&$-,'Z'&'['3#'("#'$"$4&'3&$
&'7,-#+'-&+'3"#/%&'#/'7&+%2-,8'>"'#("27,'*20"#'Q"0&$-,'%#$*&)#$%#;'2$%#$%&$-,'$,':&4#+'"$'7&7#/5$8
R:,+&' <&' $,' #*' &1"++2)2#$%,;' #*' &$*2#-&-;' #*' %#$*25$;' %2#$#' "$' +#%,' -#)&*2&-,' #/#3&-,' 7&+&' /,*
%&/#$%,*'-#'*"'#("27,8'R:,+&'2)&02$#'("#'/#'%,4&'"$'#("27,'-#'*"'$23#/','("2DI*'/20#+&)#$%#'*"7#+2,+8

J/')&+4&-,+'3&']'&']'<'*"'#("27,'#*%I'%,%&/)#$%#'2$3,/"4+&-,'4,$'#/'7&+%2-,;'4"&/("2#+&'7"#-#'0&$&+8
J$' #*#' ),)#$%,;' #/' #("27,' #$%+&' #$' N/"Q,' 57%2),;' *#' *2#$%#' 4,)7#%#$%#' <' *#' ),%23&' 7&+&' *#0"2+
/"4:&$-,8'>"'#("27,'#$4,$%+5'"$'+#%,'&'/&'&/%"+&'-#'*"*'%&/#$%,*8
!"&$-,' /&*' 7#+*,$&*' %+&1&Q&$' #$' "$' +#%,' &' /&' &/%"+&' -#' *"*' %&/#$%,*' *&%2*N&4#$' *"' $#4#*2-&-' -#
4,)7#%#$42&8' T,-,*' %#$#),*' #/' -#*#,' -#' *#$%2+$,*' #N#4%23,*' 4"&$-,' 2$%#+&4%"&),*' 4,$' $"#*%+,
#$%,+$,' <' &7/24&),*' $"#*%+,*' %&/#$%,*' &' /,*' +#%,*' -#/' %+&1&Q,8' J/' 7+,1/#)&' #*' ("#' #*' 7#("#V,' #/
7,+4#$%&Q#'-#'7#+*,$&*'("#'%2#$#$'/&',7,+%"$2-&-'-#':&4#+/,8'J$'"$'#*%"-2,'*#'#$4,$%+5'("#'*5/,'"$
]h'7,+'42#$%,'-#'7#+*,$&*'&7/24&$'*"*'%&/#$%,*'#$'#/'%+&1&Q,'/&')&<,+'7&+%#'-#/'-6&hb8
JC2*%#$' 3&+2&*' 4&"*&*O' /&' 7+2)#+&' #*' ("#' )"4:,*' Q53#$#*' #*%"-2&$' *"' 4&++#+&' 7,+' /&*' +&D,$#*
#("23,4&-&*'<'/"#0,;'4"&$-,'%+&1&Q&$'#$'#//&;'G*%&'$,'#*%I'&/2$#&-&'4,$'*"*'%&/#$%,*8'R/0"$,*'#*4,0#$
"$&'7+,N#*25$'7,+'+#4,)#$-&425$'-#'*"*'7&-+#*;',%+,*'/&'#*4,0#$'7,+("#'#*'/&'4&++#+&'("#'*20"#$'*"*
&)20,*'<',%+,*'/,':&4#$'7,+("#'*#'2)&02$&$'("#'#*&'4&++#+&'/#*'-&+I'-2$#+,8
L#+,'7&+&'7,-#+'-2*N+"%&+/&'#*'2)7,+%&$%#'#/#02+'"$&'4&++#+&'&/2$#&-&'4,$'$"#*%+,*'7+,72,*'%&/#$%,*8
>#' %+&%&' -#' /&' -2N#+#$42&' #$%+#' #*%&+' ),%23&-,' <' -2*N+"%&+' /,*' #*%"-2,*' <' /"#0,' -2*N+"%&+' #/' %+&1&Q,;
3#+*"*'3232+'42$4,'&V,*'-#'N,+)&')2*#+&1/#'<'&1"++2-&;',1/20I$-,$,*'&'#*%"-2&+'<'/"#0,'$,'#$4,$%+&+
),%23&425$'#$'#/'%+&1&Q,'j("#',4"7&'0+&$'7&+%#'-#'$"#*%+&*'32-&*k8
M&' ,%+&' 4&"*&' -#' ("#' %&$' 7,4&*' 7#+*,$&*' %+&1&Q#$' #$' *"*' %&/#$%,*' #*' ("#' /,*' Q#N#*' <' /,*
*"1,+-2$&-,*'$,'%2#$#$'#$'*"'+&-&+'#*%,*'4,$4#7%,*8'9,'4,$,4#$'4"I/#*'*,$'*"*'%&/#$%,*'<'$,'"124&$'&
/&*'7#+*,$&*'#$'+#%,*'-#'%+&1&Q,'("#'#*%G$'&/2$#&-,*'4,$'#//&*8
E!5),' #$4,$%+&+' $"#*%+,*' %&/#$%,*H' >2' :&4#' "$&' 1B*("#-&' #$' e,,0/#;' #$4,$%+&+I' )"4:&*
#3&/"&42,$#*' ("#' 7+,)#%#$' -#%#+)2$&+' *"*' %&/#$%,*8' JC2*%#$' :#++&)2#$%&*' 4,),' #/' A<#+*' p+200*;
>%+#$0%:*_2$-#+;'n2&'>"+3#<;'#$%+#',%+&*;'("#'/#'7"#-#$'-&+'"$&'&7+,C2)&425$8
=$&')&$#+&'-#'-#N2$2+'#/'%&/#$%,'#*'4,),'"$&'4&7&42-&-'("#'$,*'#)#+0#'-#'N,+)&'$&%"+&/'<'("#'$,*
7#+)2%#'-#*%&4&+8'R*6'7"#-#'-#42+*#'("#'"$&'7#+*,$&'#*'%&/#$%,*&'4"&$-,')"#*%+&'`"$&'&7%2%"-'<'"$
+#*"/%&-,' -#*%&4&-,' #$' "$' I+#&' ,' 4&)7,' &4&-G)24,' 4,),' /&' )B*24&;' /&' 7/I*%24&;' /&' /2%#+&%"+&;' /&*
42#$42&*;'#$%+#',%+&*ahY8'M,*'%&/#$%,*'%2#$#$'"$&'1&*#'0#$G%24&'<'%&)12G$'#*%I$'+#/&42,$&-,*'&'$"#*%+&
4+2&$D&' %#)7+&$&8' L,+' #Q#)7/,;' #C2*%#$' 7#+*,$&*' )"<' 4+#&%23&*;' ("#' /#*' #$4&$%&' *#+' 2$0#$2,*&*' <
+,)7#+'#*("#)&*8'L#+,'%&)12G$'#C2*%#$'7#+*,$&*')I*'`&%#++2D&-&*a;'("#'*,$')#Q,+#*'&7/24&$-,'/&*
2-#&*' <' :&42G$-,/&*' +#&/2-&-8' X&<' 7#+*,$&*' ("#' *,$' )"<' N/#C21/#*;' 7"#*' *#' &-&7%&$' NI42/)#$%#' &/
4&)12,;' 7#+,' %&)12G$' :&<' ,%+&*' ("#' *,$' )"<' 1"#$&*' #*%+"4%"+&$-,;' 7/&$2N24&$-,' <' :&42#$-,
*#0"2)2#$%,8'X&<'7#+*,$&*')I*'+&42,$&/#*;'("#'*,$'4"#*%2,$&-,+&*;'/5024&*'<'&$&/6%24&*;'7#+,'%&)12G$
/&*' :&<' )"<' 1"#$&*' &' $23#/' 2$%#+7#+*,$&/;' #)7I%24&*' <' &+),$2D&-,+&*8' JC2*%#$' ("2#$#*' *,$' )"<
&4%23,*;'/,*' ("#' %,)&$' +2#*0,*;' /,*' ("#' *,$' 1"#$,*' 4,$#4%&$-,' 7#+*,$&*;' #*%&1/#42#$-,' +#/&42,$#*
2$%#+7#+*,$&/#*;' /,*' ("#' *,$' 4#$%+&-,*;' /,*' 4,)7&*23,*;' /,*' &+),$2D&-,+#*;' /,*' 4"+2,*,*;' /,*

-#%&//2*%&*;' /,*' ,+0&$2D&-,*;' /,*' *#+3242&/#*;' /,*' ,+-#$&-,*;' /,*' &7+#$-24#*;' /,*' 4,)7#%2%23,*;' /,*
4,)"$24&-,+#*;'/,*',7%2)2*%&*;'/,*'("#'#*4"4:&$;'/,*'7#+*2*%#$%#*;'/,*'7#+*"&*23,*;'/,*'7+I4%24,*'<'/&
/2*%&'7"#-#'4,$%2$"&+8

K/%0:0.".
\#N/#C2,$#' *,1+#' 4"I/#*' *,$' *"*' %&/#$%,*' )I*' -#*&++,//&-,*' <' &("#//,*' )#$,*' -#*&++,//&-,*;' :&0&' *"' /2*%&8' !"&$-,
"*%#-' %+&1&Q&' #$' *"*' %&/#$%,*' *#' *2#$%#' N"#+%#;' ),%23&-,' <' -#*%&4&' *,1+#' /,*' -#)I*8' R' 4,$%2$"&425$;' 7+#0B$%#/#*' &
7#+*,$&*'("#'/,'4,$,4#$'12#$'4"I/#*'4+##$'("#'*,$'*"*'%&/#$%,*')I*'<')#$,*'-#*&++,//&-,*8'K,'7"#-,'7#$*&+'("#'*,<
)"<' #)7I%24,' <' ("#' G*#' #*' )2' %&/#$%,;' 7#+,' *2' $&-2#' /,' )#$42,$&;' ,' )I*' 12#$' *2' /,' )#$42,$&$' 4,),' %&/#$%,' )#$,*
-#*&++,//&-,;' #$%,$4#*' #*' )"<' 7+,1&1/#' ("#' <,' #*%G' #("23,4&-,8' J*' )"<' 2)7,+%&$%#' ("#' 7#+*,$&*' ("#' $,*' 4,$,4#$
3&/2-#$'$"#*%+,*'%&/#$%,*8

S%+,*'2$3#*%20&-,+#*'*"02#+#$'/,'*20"2#$%#'<'("2DI*'7+#N2#+&'*#0"2+'#*%&',7425$hf?
&8'J/2Q&'&'"$'0+"7,'-#'7#+*,$&*'<'1"*("#'+#%+,&/2)#$%&425$8'l-#$%2N2("#'#$%+#'-2#D'<'3#2$%#'7#+*,$&*'("#'/,'4,$,D4&$'12#$'#$'-2N#+#$%#*
#*N#+&*'-#'*"'32-&'<'76-&/#*'("#'#*4+21&$'"$&':2*%,+2&'-#'4"&$-,'"*%#-'#*%&1&'#$'*"')#Q,+'),)#$%,8
18'=$&'3#D'("#'//#0"#'/&'+#%+,&/2)#$%&425$;'1"*("#'4"I/#*'*,$'/,*'%#)&*'4,)"$#*'#$'%,-,*'/,*'4&*,*8'X&0&'"$&'/2*%&'-#'#//,*'<'1"*("#
#Q#)7/,*'#*7#46N24,*'("#'#C7/2("#$'("G'%&/#$%,*'*"<,*'*"02#+#$'#*%&*':2*%,+2&*8
48'!,$'#*%&'2$N,+)&425$;'#*4+21&'"$'7#+N2/'1+#3#'*,1+#'("2G$'#*'"*%#-'`#$'*"')#Q,+'),)#$%,a8
-8'M/#3#'*"*'%&/#$%,*'&'/&'&4425$8'J/&1,+#'"$'7/&$'-#'&4425$'*,1+#'45),'"%2/2D&+'*"*'%&/#$%,*'#$'/&'7+I4%24&'j#$'*"'%+&1&Q,;'7,+'#Q#)7/,k8

!"&$-,':&0&'/&'/2*%&;'+#4"#+-#'4,$%&4%&+'7#+*,$&*'3&+2&-&*;'-#'*"'I)12%,'7#+*,$&/'<'7+,N#*2,$&/?
&)20,*;'N&)2/2&+#*;'4,/#0&*;'Q#N#*8'M&'2$3#*%20&425$'-#)"#*%+&'("#'/&'+#%+,2$N,+)&425$'N"$42,$&')#Q,+
4"&$-,'/&*'N"#$%#*'*,$'-23#+*&*8
A&+%2$'>#/20)&$'#$4,$%+5'#$'"$'#*%"-2,'("#'/&*'7#+*,$&*'("#'4,$,46&$'*"*'%&/#$%,*'*#'),*%+&1&$
)I*' N#/24#*' <' )#$,*' -#7+2)2-&*;' 7#+,' #*%#' #N#4%,' #+&' %#)7,+&/hi8' >5/,' ("2#$#*' 2-#$%2N24&+,$' *"*
%&/#$%,*'<'/,*'"*&+,$'-#')&$#+&'&4%23&'/,0+&+,$'4&)12,*'*20$2N24&%23,*'#$'#/'%2#)7,8'R*6'*#'#$4,$%+5
("#'&/'4&1,'-#'*#2*')#*#*'*#0"6&$'*2#$-,')I*'N#/24#*'<'*#'*#$%6&$')#$,*'-#7+2)2-,*8'J$'"$'#*%"-2,
+#&/2D&-,' #$' e,,0/#hZ' #$4,$%+&+,$' ("#' /&*' 7#+*,$&*' ("#' 2-#$%2N24&+,$' *"*' N,+%&/#D&*' $,' *#' 3,/36&$
)I*'N#/24#*',')I*'#N242#$%#*8'J+&$'/,*'%+&1&Q&-,+#*'("#'7/&$2N24&1&$')&$#+&*'-#'&-&7%&+'*"*'%+&1&Q,*
-#'%&/'),-,'("#'7"-2#+&$'2$4/"2+'%+&1&Q&+')I*'#$'*"*'%&/#$%,*'("2#$#*'%#$6&$'0&$&$42&*'*20$2N24&%23&*
#$'*"'N#/242-&-'<'#$'#/'-#*#)7#V,'#$'*"'%+&1&Q,'#$'/,*'*20"2#$%#*'*#2*')#*#*8
9,'1&*%&'#$%,$4#*'4,$'2-#$%2N24&+'$"#*%+,*'%&/#$%,*;':&12/2-&-#*'<'N,+%&/#D&*;'7"#*'#*%,'#*'*5/,'#/
2$242,8'M,'("#'*#'$#4#*2%&'#*'%+&1&Q&+'#$'#//,*;'*&1#+'45),'7,-#),*'"*&+/,*')I*'#$'$"#*%+,*'%+&1&Q,*

<'$"#*%+&*'32-&*;':&4#+'"$'7/&$'<'//#3&+/,'&'/&'7+I4%24&8'>5/,'&*6'7,-+#),*'4,$*#0"2+'4&)12,*'+#&/#*
#$'$"#*%+,'12#$#*%&+;'$"#*%+&'N#/242-&-'<'/,0+&+')#Q,+#*'-#*#)7#V,*8'xA&$,*'&'/&',1+&y

D")9(%0:"/01,)M)90):0."
F"2*2#+&' 4,)7&+%2+' 4,$' "*%#-' )2*' 7+,72,*' %&/#$%,*' )I*' <' )#$,*' -#*&++,//&-,*8' \#4"#+-#' ("#' 4&-&' 7#+*,$&' #*
-2N#+#$%#'<'%2#$#'"$'*#%'-#'%&/#$%,*'-2*%2$%,8'J$')2'4&*,;')2*'%&/#$%,*')I*'-#*&++,//&-,*'*,$?'*#+'4+#&%23,;'#)7+#$-#-,+;
32*2,$&+2,;',+2#$%&-,'&/'/,0+,;'&7+#$-2D;'4,$4#7%"&/;'4,)"$24&-,+;'-2*427/2$&-,;'7,*2%23,8'A2*'%&/#$%,*')#$,*'-#*&++,//&-,*
*,$?'*#+'-#%&//2*%&;',+-#$&-,;',+0&$2D&-,'<'*,42&1/#8
R/N+#-,'A2+5'F"#*&-&'<'<,'N"2),*'/,*'*,42,*'#)7+#$-#-,+#*'-#'/&'=L!'4,$'/&'&<"-&'-#')2*',%+,*'*,42,*'A&+2&$&
\,-+60"#D'<'e+&42#/&'p&$4&/&+28'R/N+#-,'2$242&/)#$%#'*#'#$4&+0&1&'-#'/&'7&+%#'&4&-G)24&;'<'4,$'*"'#("27,'-#'7+2)#+&
4+#&+,$'/&*')&//&*'4"++24"/&+#*'-#'/&*'4&++#+&*8'J$')2'4&*,;'<,'#+&'#/'0#+#$%#'0#$#+&/'#$4&+0&-,'-#/'#)7+#$-2)2#$%,8
T,-&' )2' 32-&' :#' *2-,' "$' #)7+#$-#-,+;' 7,+("#' /&' &4%232-&-' #*%I' )"<' &/2$#&-&' 4,$' )2*' %&/#$%,*;' )#$42,$&-,*' #$' #/
7I++&N,'&$%#+2,+8'!"&$-,'#)7+#$-,'&/0,'$"#3,'*2#$%,'("#'#$%+,'#$'N/"Q,'57%2),'4,$'"$'+#%,'&'/&'&/%"+&'-#')2*'%&/#$%,*8
A#'*2#$%,'%+#)#$-&)#$%#'),%23&-,8'M&'=L!'*#'N"$-5;'N"#'"$'GC2%,'<'<,'*#0"6'/,*'*20"2#$%#*'%+#*'&V,*'&'4&+0,'-#'/&
2$*%2%"425$8' L#+,' &' )#-2-&' ("#' /&*' 2$*%2%"42,$#*' 4+#4#$;' $#4#*2%&$' ,+0&$2D&+*#;' )&$#Q&+' )#Q,+' #/' -#%&//#' <' :&4#+/#*
*#0"2)2#$%,'&'-#4#$&*'-#'7+,<#4%,*8'J*%,*'%&/#$%,*'+#("#+2-,*'#+&$'/,*')#$,*'-#*&++,//&-,*'#$')68'L&*G'-#'#*%&+'42#$
7,+'42#$%,'),%23&-,'<'-#'3232+'-#')2*'%&/#$%,*'&'#*%&+'-#*),%23&-,;'&1*,+12-,'7,+'/&'+"%2$&;':&42#$-,'&4%232-&-#*'#$'/&*
4"&/#*' $,' %#$6&' %&/#$%,8' 9,' )#' ("#-&1&' %2#)7,' 7&+&' :&4#+' $"#3,*' 7+,<#4%,*' #' 2$$,3&42,$#*;' #*%&1&' )&$#Q&$-,' "$&
,+0&$2D&425$' ("#' *#' -"7/24&1&' &V,' &' &V,8' J$' #*#' ),)#$%,' %,)G' 4,$42#$42&' -#' ("#' $,' #*%&1&' %+&1&Q&$-,' #$' )2*
%&/#$%,*' <' &4,+-&),*' #$%+#' /,*' *,42,*' ("#' /&' 7#+*,$&' )I*' %&/#$%,*&' 7&+&' :&4#+*#' 4&+0,' -#' /&' 0#+#$42&' 0#$#+&/' #+&
A&+2&$&' \,-+60"#D8' J//&' %#$6&' %,-,*' /,*' %&/#$%,*' -#' #*%+"4%"+&' ("#' )#' N&/%&1&$' <' &-#)I*' *#+' 0#+#$%&' /&' ),%23&1&
)"4:6*2),8' =$&' 3#D' ("#' #*%"3#' N"#+&;' -#42-2),*' 4+#&+' #/' 7"#*%,' -#' n24#++#4%,+' -#' l$$,3&425$' <' U#*&++,//,;' ("#' *#
#$4&+0&+6&'-#'4+#&+'$"#3&*'4&++#+&*'<'-#'2)7/#)#$%&+'$"#3,*'7+,<#4%,*'#$'/&',+0&$2D&425$8'J$'#*#'7"#*%,'3,/36&'&'/,
)6,'<')2'),%23&425$'&")#$%5'*"*%&$42&/)#$%#8
R/0"$,*' /#4%,+#*' #*%&+I$' 7#$*&$-,;' `xF"G' NI42/y' !"&/("2#+&' 7"#-#' %+&1&Q&+' 4,$' *"*' %&/#$%,*' *2' *#' 4+#&' *"' 7+,72,
7"#*%,a8'J*'42#+%,;'<,'#+&'*,42,'<'7,-6&':&4#+/,;'7#+,'E("G'7&*&'4"&$-,'$,'#+#*'*,42,;'4"&$-,'%2#$#*'%"*'%&/#$%,*;'#+#*
#)7/#&-,'<'#*%I*'#$'"$'7"#*%,'-,$-#'7&*&*')"<'7,4,'%2#)7,'%+&1&Q&$-,'4,$'#//,*H'n#&),*'#/'*20"2#$%#'4&*,'+#&/8
K50B,",.()-('75).7)"/&7-.()")'(5)%"'7,%(5
X&4#'"$'%2#)7,'#*%"3#'&*#*,+&$-,'&'"$&'#)7+#*&'("#'("#+6&'2$%+,-"42+'/&'4"/%"+&'-#'%&/#$%,*'#$'*"',+0&$2D&425$'<
-#42-2),*' :&4#+' "$' 72/,%,' 4,$' #/' I+#&' -#' +#4"+*,*' :")&$,*8' U#*7"G*' -#' :&4#+' "$' 7#("#V,' %&//#+;' /&*' 7#+*,$&*' -#/
#("27,'-#*4"1+2#+,$;'4,)7&+%2#+,$'<'3&/2-&+,$'*"*'%&/#$%,*')I*'<')#$,*'-#*&++,//&-,*8'M"#0,;'4&-&'7#+*,$&'#3&/"5'#$
("G'&4%232-&-#*'-#'*"'7"#*%,'#)7/#&1&'*"*'%&/#$%,*'<'#$'4"I/#*'%#$6&'("#'%+&1&Q&+'#$'*"*'%&/#$%,*')#$,*'-#*&++,//&-,*8
\#*"/%&'("#':&16&'"$'#Q#4"%23,'("#;'#$%+#',%+&*'%&+#&*;'#*%&1&'#$4&+0&-,'-#':&4#+'/,*'#3#$%,*'-#'+#4"+*,*':")&$,*8'W/
#+&'"$&'7#+*,$&')"<'4+#&%23&;'*,42&1/#;'2$0#$2,*&;'7,*2%23&;'4,$'*#$%2-,'-#/':"),+;'#*7,$%I$#,'<'N/#C21/#8'M,*'#3#$%,*
-#'+#4"+*,*':")&$,*'7&+#46&$',1+&*'-#'%#&%+,;'#+&$')"<'-23#+%2-,*'<'4,$')"4:&*'*,+7+#*&*8'L#+,'*2#)7+#'*#'#C4#-6&$
#$'4,*%,*;'*#'4,)7/#%&1&$'&'B/%2),')2$"%,'<'/&'7/&$2N24&425$'<'/&',+0&$2D&425$'#+&$'"$'-#*&*%+#8'J*%,',4"++6&'7,+("#'*"*
%&/#$%,*')#$,*'-#*&++,//&-,*'#+&$;'7+#42*&)#$%#;'/&'7/&$2N24&425$;'/&',+0&$2D&425$;'#/'-#%&//#;'#$%+#',%+,*8
J$' #/' )2*),' #("27,' /&' 7#+*,$&' ("#' *#' #$4&+0&1&' -#' 3#+' /,*' %#)&*' -#' 0#*%25$' -#/' %&/#$%,' %#$6&' &' *"' 4&+0,' /&
#/&1,+&425$' -#' /&' +#32*%&' 2$%#+$&' -#' /&' #)7+#*&8' J*%&' 7#+*,$&' #+&' /,' ,7"#*%,' &/' 7+2)#+' #Q#4"%23,8' J+&' ,+-#$&-&;
7/&$2N24&-&;' #*%+"4%"+&-&;' -2*427/2$&-&;' 7#+,' *"*' %&/#$%,*' )#$,*' -#*&++,//&-,*' #*%&1&$' +#/&42,$&-,*' 4,$' /&' 4+#&%232-&-8

!"&$-,' #*%&' 7#+*,$&' :&46&' /&' +#32*%&;' *&/6&' 4,$' &$%2427&425$;' %#$6&' #/' 7+#*"7"#*%,' 4,$' %,-,*' /,*' +#("2*2%,*;' 7#+,' #/
4,$%#$2-,'#+&')"<'7,4,'4+#&%23,8
J$' /&' +#"$25$' *#' -#42-25' 4&)12&+' &/0"$&*' -#' /&*' N"$42,$#*' -#' /,*' 7"#*%,*8' R' /&' 7#+*,$&' 4+#&%23&' *#' /#' 72-25
#$4&+0&+*#' -#' #*%&' 7&+%#' -#' +#4"+*,*' :")&$,*O' &:,+&' G/' %#$6&' &' *"' 4&+0,' /&' 7&+%#' 4+#&%23&' -#' /,*' #3#$%,*' <' -#' /&
+#32*%&;'#$%+#',%+,*8'K'/&'*#0"$-&;'("#'#+&')I*'#Q#4"%23&;'%#$6&'&:,+&'&'*"'4&+0,'/&'#Q#4"425$8
!,$'#*%#'4&)12,'-#'N"$42,$#*;'$,'*5/,'/&*'7#+*,$&*'#*%"32#+,$')I*'),%23&-&*'#$'*"*'&4%232-&-#*'7,+("#'%+&1&Q&1&$
)I*'%2#)7,'#$'*"*'%&/#$%,*;'*2$,'("#'&-#)I*'#$'+#4"+*,*':")&$,*'*#'%#$6&')I*'4+#&%232-&-'<'*#':&46&$'/&*'4,*&*'4,$
&$%2427&425$'<'-#$%+,'-#/'7+#*"7"#*%,8

20)&5%7.)75)]7U78'9"#*%+,'4,$*#Q,'#*':&4#+'&/0,'7&+#42-,'&/'B/%2),'4&*,')#$42,$&-,8'\#B$&'&'*"
0#$%#'<'%#$0&'"$&'4,$3#+*&425$'*,1+#'/,*'%&/#$%,*'-#'*"'#("27,;'/,*')I*'-#*&++,//&-,*'<'/,*')#$,*
-#*&++,//&-,*8'M"#0,;'7"#-#'7/&$%#&+'/&*'*20"2#$%#*'7+#0"$%&*?
]8'EJ$'("G')#-2-&'"*&'*"*'%&/#$%,*'#$'#/'%+&1&Q,H'>2'%"32#+&'("#'#*%2)&+'"$'7,+4#$%&Q#'-#/'%2#)7,'("#'7&*&'#$'*"*'%&/#$%,*;'E4"I/'*#+6&H
b8'EF"G'&4%232-&-#*'-#'*"'%+&1&Q,'"*%#-'*2#$%#'("#'$,'#*%I$'&/2$#&-&*'4,$'*"*'%&/#$%,*H
Y8'EL"#-#'#$4,$%+&+'&/0"$&'7#+*,$&'#$'#/'#("27,'4,$'("2#$'7,-+6&'2$%#+4&)12&+'&4%232-&-#*'-#'%&/'N,+)&'("#'&)1,*'*&/0&$'1#$#N242&-,*H
f8'EJ$'("G')#-2-&'*2#$%#'("#'*"'%+&1&Q,'/#',N+#4#'"$'+#%,'&'/&'&/%"+&'-#'*"*'%&/#$%,*H'>2'*2#$%#'("#'#/'+#%,'$,'#*'*"N242#$%#;'E("G',%+&*
&4%232-&-#*'7,-+6&':&4#+'7&+&'("#'#/'+#%,'&")#$%#H
i8'!,$'/&'&<"-&'-#'#*%&*'7+#0"$%&*;'#/&1,+#'"$'7/&$'-#'&4425$8

20) &5%7.) 75) 5&8(-.0,".(c) \#N/#C2,$#' *,1+#' *"*' %&/#$%,*' <' *,1+#' /&*' 7+#0"$%&*' *"0#+2-&*' 7&+&' /&
+#"$25$' -#' #("27,8' >2' 7"#-#' *"0#+2+' "$' 4&)12,' ("#' 1#$#N242#' &' %,-,' #/' #("27,;' 4,$3#+*#' 4,$' /&*
7#+*,$&*'2$3,/"4+&-&*8'p"*("#'"$&'+#"$25$'4,$'*"'Q#N#'7&+&'-2*4"%2+'#/'%#)&8'L+#*#$%#'*"*'%&/#$%,*'<
:&0&'/&*'*"0#+#$42&*'*,1+#'*"'7/&$'-#'&4425$8
!(9() 75%&.0",%78' \#N/#C2,$#' *,1+#' *"*' %&/#$%,*' <' 72#$*#' #$' ("G' )#-2-&' :&' *#/#442,$&-,' "$&
4&++#+&'("#'%2#$#'"$'4&)7,'/&1,+&/'-,$-#'7"#-#'&7/24&+/,*8'F"#'$,'/#'7&*#'/,'("#')#'7&*5'&')6;'("#
#*%"-2G'l$0#$2#+6&'!232/;'%+&1&QG'"$&'*#)&$&'#$'"$&',1+&'<')#'-2'4"#$%&'-#'("#'#*%#'%+&1&Q,'$,'#*%&1&
&/2$#&-,'7&+&'$&-&'4,$')2*'%&/#$%,*8'!,$3#+*#'4,$'*"'-#4&$,',' -2+#4%,+'-#'/&'4&++#+&;'#C7/,+#'/,*
4&)7,*'/&1,+&/#*'("#'/#',N+#4#$'<'3#&'*2'G*%,*'#$4&Q&$'4,$'*"*'%&/#$%,*8
!(9()#".-78'A"4:,*'7&-+#*'("2#+#$'("#'*"*':2Q,*'*20&$'/&'4&++#+&'("#'&'#//,*'/#*':"12#+&'0"*%&-,
*#0"2+;','("#'*20&$'"$&'4&++#+&'4,$'/&'("#'7"#-&$'0&$&+'1"#$'-2$#+,8'>,$'7,4,*'&("#//,*'7&-+#*'("#
%2#$#$'"$&'-2*4"*25$'*,1+#'%&/#$%,*'4,$'*"':2Q,'<'/,'&7,<&$'N,)#$%&$-,'*"'&"%,$,)6&'7&+&'("#'G/',
#//&'#*4,Q&'"$&'4&++#+&'&/2$#&-&'4,$'#//,*8'L,+'#Q#)7/,;'&')2':2Q,'R/#C'-#*-#'("#'%2#$#'-2#D'&V,*'/#
N&*42$&':&4#+'32-#,*'<'<&'&'/,*'4&%,+4#'&V,*'%,)5'/&'-#42*25$'-#'#*%"-2&+'"$&'4&++#+&'-#'42$#8'W/'%2#$#
"$' N"#+%#' %&/#$%,' 32*"&/O' &' -2N#+#$42&' -#' ,%+,*;' G/' 72#$*&' &*6' <' #C7/24&' 32*"&/)#$%#' *"*' 2-#&*8' R' /,*
("2$4#'&V,*':2D,'"$'4,+%,)#%+&Q#'-#'#C4#/#$%#'$23#/'<'0&$5'7+#)2,*8'A2':2Q,'2$242&/)#$%#'$,'("#+6&
*#0"2+' #*%&' 4&++#+&;' *2$,' )I*' 12#$' &-)2$2*%+&425$' 7,+("#' ("#+6&' 0&$&+' -2$#+,' +I72-&)#$%#8' !"&$-,

%,)5'*"'-#42*25$'-#'#*%"-2&+'42$#;'/,'&7,<G'7#+,'*6'/#':24#'3#+'("#'#*%&1&'#*4,02#$-,'"$&'7+,N#*25$
#$'/&'("#'7,4,*'%2#$#$'GC2%,;'"$&'4&++#+&'-,$-#'0#$#+&+'2$0+#*,*'/#'21&'&'4,*%&+')I*'%2#)7,8'W/'/,
7#$*5'<')#'-2Q,?'`>6;'7&7I;'/,':#'7#$*&-,'12#$;'7+#N2#+,'*#0"2+'42$#'("#')#'&7&*2,$&'<'$,'%#$#+'%&$%,
-2$#+,' #$' 3#D' -#' *#0"2+' &-)2$2*%+&425$' <' $,' *,7,+%&+/,a8' >,<' "$' 4,$3#$42-,' -#' ("#' 4"&$-,' "$&
7#+*,$&'%+&1&Q&'#$'*"*'%&/#$%,*;'#/'-2$#+,'//#0&;'7,+("#'"$,'4,$%+21"<#'4,$'*"')IC2),'7,%#$42&/8

+'&5%-"/01,)HW

D"),(:7.".)M)'")9(%0:"/01,)#(-)"#-7,.7-

!]45&$6323$)4$L,&+#)$#$23+4+$2#M#'#?$#*+&'9&$6323$)4$L,&+#)$#
5454+$*3+$)4&2*+&B8
@D&>$0".*

!&",.()'")9(%0:"/01,),().&-"
}&2)#'+#42G$'N"#'4,$%+&%&-,'4,),'&*2*%#$%#'-#'7+#*"7"#*%,'-#'"$&'#)7+#*&')#-2&$&8'R4&1&'-#'%#+)2$&+'*"'7+2)#+
)#*'-#'%+&1&Q,'<'#*%I')"<'),%23&-,8'>2#$%#'("#':&'&7+#$-2-,')"4:,;'%,-,'#*'$"#3,'7&+&'G/;'/,*'*2*%#)&*;'/,*'7+,4#*,*;
/&'0#$%#'<'/&',+0&$2D&425$'-#'/&'4,)7&V6&8'L2#$*&'("#'%2#$#'/,*'%&/#$%,*'7&+&'#$N+#$%&+'#/'+#%,'&/'("#'*#'#$N+#$%&;'#*%I
#$' /&' N+&$Q&' -#' N/"Q,' 57%2),8' X&' 7&*&-,' "$' &V,' <' }&2)#' &:,+&' -,)2$&' *"' 7"#*%,' %,%&/)#$%#;' *#' :&' 4,$3#+%2-,' #$' "$
#C7#+%,' #$' /,*' *2*%#)&*' -#' 7+#*"7"#*%,*;' //#3&' /,*' 4,$%+,/#*' 4,$' N&42/2-&-' <' /&' #)7+#*&' #*%I' 4,$%#$%&' 4,$' G/8' >2$
#)1&+0,;'#)7#D5'&'*#$%2+*#'"$'7,4,'-#*),%23&-,'7,+("#'("2*2#+&'"$')&<,+'+#%,;','7,-#+'&7+#$-#+'4,*&*'$"#3&*;'7#+,
$,':&'7,-2-,'#$4,$%+&+'/&',7,+%"$2-&-8'}&2)#'&:,+&'#*%I'*&/2#$-,'-#'/&'N+&$Q&'-#'N/"Q,'57%2),'<'#*%I'7&*&$-,'&'/&'D,$&
-#' &1"++2)2#$%,8' R/' 4&1,' -#' %+#*' &V,*;' #/' &1"++2)2#$%,' <' /&' -#*),%23&425$' *#+I$' 2$*,7,+%&1/#*' <' }&2)#' #)7#D&+I' &
1"*4&+',%+,'%+&1&Q,8

J/'4&*,'-#'}&2)#'/,'323#$')2//,$#*'-#'7#+*,$&*'("#'#$%+&$'&'*"*'7"#*%,*'),%23&-,*'7,+'/&'$,3#-&<' #/' &7+#$-2D&Q#;' 7#+,' %#+)2$&$;' &/' 4&1,' -#' 7,4,' %2#)7,;' %,%&/)#$%#' &1"++2-,*;' *2$%2#$-,' ("#' #*%I$
#*%&$4&-,*8'>#'*2#$%#$;'4,),')"#*%+&'/&'2/"*%+&425$'f^;'&7/&*%&-,*'7,+'/&'+"%2$&8

+'&5%-"/01,)HX

J$' "$&' #$4"#*%&' &7/24&-&' 7,+' X&<' e+,"7' &' -23#+*&*' #)7+#*&*;' -232-2#+,$' &' /,*' 7&+%2427&$%#*' #$
-,*'0+"7,*?'&("#//,*'("#'7#$*&1&$'("#-&+*#'#$'/&',+0&$2D&425$'<'&("#//,*'("#'7#$*&1&$'-#Q&+/&'#$
)#$,*'-#'-,*'&V,*8'J/'ZZ'7,+'42#$%,'-#'&("#//,*'("#'7#$*&1&$'("#-&+*#'%+&1&Q&$-,'*#$%6&$'("#'*#'/#*
-&1&$',7,+%"$2-&-#*'7&+&'&7+#$-#+'$"#3&*':&12/2-&-#*8'J$'4&)12,;'*5/,'#/'Yg'7,+'42#$%,'-#'&("#//,*
("#'7#$*&1&$'2+*#'*#$%6&$'("#'/#*'-&1&$',7,+%"$2-&-#*'-#'&7+#$-2D&Q#8
!,),'Q#N#*;'#*'2)7,+%&$%#'#$%#$-#+'("#'#*'$"#*%+&'+#*7,$*&12/2-&-'4"2-&+'("#'$"#*%+,'7#+*,$&/'*#
)&$%#$0&'#$'/&'N+&$Q&'-#'N/"Q,'57%2),8'9#4#*2%&),*'#$+2("#4#+'#/'7"#*%,'4,$'&4%232-&-#*'$,3#-,*&*
-,$-#'/&*'7#+*,$&*'&7+#$-&$8
M&' ,+0&$2D&425$' !#$%#+' N,+' !+#&%23#' M#&-#+*:27;' -#' J*%&-,*' =$2-,*;' 7"1/245' "$&' 2$3#*%20&425$
*,1+#' /&' )#Q,+' N,+)&' -#' &7+#$-#+' #$' /&' ,+0&$2D&425$8' U#%&//&),*' &/0"$&*' #*%+&%#02&*' *"0#+2-&*' &
4,$%2$"&425$hh?
]8'R*20$&+'7+,<#4%,*'("#'+#("2#+&$'("#'/&*'7#+*,$&*'&7+#$-&$'$"#3&*':&12/2-&-#*8
b8'!+#&+'"$'#("27,'("#'*,/"42,$#'&/0B$'7+,1/#)&'-#'/&'#)7+#*&8
Y8'U&+/#'/&'+#*7,$*&12/2-&-'&'"$'#Q#4"%23,'-#'("#'*#'#$4&+0"#'-#'/&'7/&$2N24&425$'-#'"$'#3#$%,'-#'/&'#)7+#*&8
f8'U&+/#'/&'+#*7,$*&12/2-&-'&'"$'#Q#4"%23,'-#'("#'$#0,42#'"$'4,$%+&%,'4,$'"$'4/2#$%#8
i8'n2*2%&+'"$'4/2#$%#'2$*&%2*N#4:,'<'3,/3#+/,'&'2$%#+#*&+'#$'/&'4,)7&V6&8
Z8'S+0&$2D&+'#/'7&*#,'-#'/&'4,)7&V6&8
h8'L&+%2427&+'#$'"$&'7+#*#$%&425$'7B1/24&'-#'/&'#)7+#*&8
g8'\,%&+/,'7,+'7#+6,-,*'4,+%,*'&',%+&'"$2-&-8
^8'R*20$&+/,*'7&+&')&$#Q&+'"$&'4+2*2*')#-2&$&8

M,' 2-#&/' 7&+&' ("#' #C2*%&' $,3#-&-' <' &7+#$-2D&Q#' #*' ("#' /&' 7#+*,$&' 7"#-&' &*4#$-#+' #$' /&
,+0&$2D&425$8'9,'*2#)7+#'#C2*%#$'/&*',7,+%"$2-&-#*;'7#+,'"$,'7"#-#'#$4,$%+&+'N,+)&*'-#'),32)2#$%,
:,+2D,$%&/;'#*'-#42+;'+,%&+'&'/&*'7#+*,$&*'&',%+,*'7"#*%,*8'L,+'#Q#)7/,;'#$'#/'4&*,'-#'}&2)#;'*2'&'/,*
-,*'&V,*'/&'#)7+#*&'/,'+,%&1&'&/'7"#*%,'-#'Q#N#'-#'N&4%"+&425$'<'4,1+&$D&*;'7,+')I*'("#'+#4212#+&'#/
)2*),' *"#/-,' }&2)#' :"12#+&' #$4,$%+&-,' /&' $,3#-&-' <' #/' &7+#$-2D&Q#' ("#' $#4#*2%&1&' <' *#' :"12#+&
),%23&-,8
R/0"$,*' #Q#)7/,*' -#' 45),' 7+,),3#+' #/' &7+#$-2D&Q#' /,*' 3#),*' #$' /,*' *20"2#$%#*' 4&*,*8' =$&
4,)7&V6&' -#' +#*%&"+&$%#*' #$' A2&)2' /#*' ,N+#4#' &' *"*' #)7/#&-,*' /&' 7,*212/2-&-' -#' 2+' &' 4,)#+' &
4"&/("2#+' ,%+,' +#*%&"+&$%#' 4,$' "$' 3&/#' -#' i[' -5/&+#*8' M,' ("#' *#' /#*' 72-#' #*' ("#' /,*' #)7/#&-,*
#*4+21&$' "$' +#7,+%#' -#' "$&' 7I02$&' -#%&//&$-,' /,' ("#' &7+#$-2#+,$' -#' /&' #C7#+2#$42&' #$' 4"&$%,' &/
*#+3242,;' #/' &)12#$%#' <' /&' 4&/2-&-' -#' /&' 4,)2-&hg8' W*%&' #*' "$&' #C%+&,+-2$&+2&' 2-#&' 7&+&' /,0+&+
&7+#$-2D&Q#'("#'$,'#*'$#4#*&+2&)#$%#'%,)&+'"$'4"+*,8
S%+,' 4&*,' #*' #/' -#/' 7+#*2-#$%#' -#' "$&' 4,)7&V6&' ("#' 4,)7+&' /21+,*' <' /#*' -&' &' #*4,0#+' &' *"*
#Q#4"%23,*' ("G' /21+,*' ("2#+#$' /##+8' M"#0,' /#*' 72-#' ("#' :&0&$' "$' +#*")#$' <' ("#' /,' 7+#*#$%#$' &' *"
#("27,' -#' %+&1&Q,;' 7"#*' /&' )#Q,+' )&$#+&' -#' &7+#$-#+' #*' 4"&$-,' #$*#V&),*' <' $,*' &<"-&' &' )#Q,+&+
:&42#$-,'7+#*#$%&42,$#*'#$'7B1/24,;'/,'4"&/'<&'#*'"$&'#C7#+2#$42&'-#'&7+#$-2D&Q#'#$'*6')2*)&h^8
=$&'7+I4%24&'2$%#+#*&$%#'"%2/2D&'"$&'4,)7&V6&'-#'#$#+06&'#$'J*%&-,*'=$2-,*O'&("6'*#'/#*'7#+)2%#'&
*"*'#)7/#&-,*'*"12+'&'/&'2$%+&$#%'-#'/&'#)7+#*&'/&'-#*4+27425$'-#'*"'7"#*%,'7&+&'3#+'/&'7,*212/2-&-#'2$%#+4&)12&+/,8'>2',%+&'7#+*,$&;'4,$'"$'7"#*%,'*2)2/&+;'("2#+#'2$%#+4&)12&+/,;'*#':&4#'#/'4&)12,
4,$'/&'&7+,1&425$'-#'/,*'*"7#+32*,+#*g[8
EL#+,'("G',4"++#'4,$'&("#//&*'7#+*,$&*'("#'%+&1&Q&$'#$'7"#*%,*')I*',7#+&%23,*;'4,),',1+#+,*',
7#+*,$&/' -#' 6#77$ 6&'(&+:' E>#' 7"#-#' #$+2("#4#+' "$' 7"#*%,' ,7#+&%23,H' >6' *#' 7"#-#;' <' :&<' )"4:&*
#)7+#*&*' ("#' /,' :&4#$' 4,$' 1"#$,*' +#*"/%&-,*8' L,+' #Q#)7/,;' :&<' #)7+#*&*' ("#' N,+)&$' #("27,*' -#
)#Q,+&' 4,$%2$"&' 7&+&' :&4#+' )I*' #N242#$%#*' /,*' 7+,4#*,*' ,' )#Q,+&+' /&' &%#$425$' &/' 4/2#$%#8' J*%,*
#("27,*' *,$' 4&7&42%&-,*' <' /"#0,' #)7,-#+&-,*' 7&+&' %+&1&Q&+' #$' "$' 7+,<#4%,' -#' )#Q,+&8' J*%,' %+&#
$,3#-&-;'&7+#$-2D&Q#'<'/&'2)7/#)#$%&425$'-#'"$'7+,<#4%,'7,*2%23,'7&+&'/&'#)7+#*&8
=$&' 4,)7&V6&' -#' *"7#+)#+4&-,*' ("#' 4,$%+&%&' )2/#*' -#' 7#+*,$&*' #$' 7"#*%,*' ,7#+&%23,*' :&
-#*&++,//&-,'"$&'#*7#42#'-#'"$23#+*2-&-'2$%#+$&8'!&-&'*#2*')#*#*;'&'/&*'7#+*,$&*')I*'4,)7+,)#%2-&*
*#'/#*'4&7&42%&'0+&%"2%&)#$%#'#$'"$'4"+*,'7&+&'7+#7&+&+/,*'7&+&'&*4#$-#+'&'*"7#+32*,+8'R-#)I*;'&'/,*
%+&1&Q&-,+#*' *#' /#*' +,%&' #$' %,-,*' /,*' 7"#*%,*' -#/' *"7#+)#+4&-,;' 2$4/"*23#' #$' /&*' 4&Q&*8' U#' #*%&
)&$#+&'$,'*5/,'/#*'-&$'&7+#$-2D&Q#'<'$,3#-&-'&'*"*'7"#*%,*;'*2$,'("#'#/'*"7#+)#+4&-,'7"#-#'"124&+
&'/&*'7#+*,$&*'-#'&4"#+-,'&'/&'-#)&$-&'-#'&%#$425$8
>2'"*%#-'*#'#$4"#$%+&'#*%&$4&-,'#$'"$&'#)7+#*&;'*2$'$,3#-&-'<'&7+#$-2D&Q#'#$'*"'7"#*%,;'%,)#'/&*
*"0#+#$42&*'-#'#*%#'4&76%"/,'<'7+,75$0&/#'&'*"'Q#N#'&/0"$&'#*%+&%#02&8'L,+'#Q#)7/,;'"$&'#*%+&%#02&'NI42/

-#'*#+'&7+,1&-&'#*'*"0#+2+/#'&/'Q#N#'4+#&+'"$'#("27,'7&+&')#Q,+&+'&/0,8'>2'#*%,'2)7/24&')I*'%+&1&Q,
7&+&' "*%#-;' /#' *"02#+,' 3#+/,' 4,),' "$&' 2$3#+*25$' #$' *"' ),%23&425$' <' *"' N"%"+,' 7+,N#*2,$&/8' M&*
#)7+#*&*'+#4,)7#$*&$'&'/,*'#)7/#&-,*'("#'%2#$#$'2$242&%23&8

;')9(%0:".(-).7)-7'"/01,4
'"),7/750.".).7)"9"-)M)57-)"9".(

!S4'%U'$73%+3$&'$',&)(+#$549#$(4&'&$)&'(493$)4$'3$(&'&23)$63'
>,4O'$632*#+(4+73B8
'$+*"&,*-)./$0

K/%0:0.".
X&0&'"$&'7&"*&'#$'/&'/#4%"+&'<'72#$*#'#$'#/'),)#$%,')I*'N#/2D'-#'*"'32-&;'%+&%#'-#'+#4,+-&+'/&'*2%"&425$'/,')I*'+#&/
7,*21/#8'F"G-#*#'"$'%2#)7,'+#N/#C2,$&$-,8

!"&$-,':&0,'#*%&'7+#0"$%&'#$')2*'%&//#+#*;'#/'^^'7,+'42#$%,'-#'/&*'7#+*,$&*'4,)#$%&'"$'),)#$%,
#$' #/' ("#' #*%&1&$' 4,)7&+%2#$-,' "$&' *2%"&425$' 4,$' ,%+&*' 7#+*,$&*' *20$2N24&%23&*' 7&+&' #//&*8' J/' *#+
:")&$,' %2#$#' "$&' $#4#*2-&-' 2$$&%&' -#' N,+)&+' 36$4"/,*' *5/2-,*' <' 4#+4&$,*g]8' T,-,*' ("#+#),*' %#$#+
2$%#+&442,$#*'*,42&/#*;'("#'$,*'4,)7+#$-&$;'("#'$,*'("2#+&$'<'3&/,+#$;'("#'*#'2$%#+#*#$'7,+'$"#*%+,
12#$#*%&+8'F"#+#),*'*#$%2+'("#'7#+%#$#4#),*'&'0+"7,*;',+0&$2D&42,$#*'<'4,)"$2-&-#*gb8
EL,+' ("G' %#$#+' +#/&42,$#*' 4#+4&$&*' #*' 1#$#N242,*,' 7&+&' #/' *#+' :")&$,H' M&*' 2$3#*%20&42,$#*
-#)"#*%+&$' ("#' #*' 2)7,+%&$%#' 7,+("#' /&*' 7#+*,$&*' N"$42,$&$' )#Q,+;' )"#*%+&$' )I*' +#*2*%#$42&' &/
#*%+G*' <' )&$2N2#*%&$' )#$,+#*' -2N24"/%&-#*' 7*24,/5024&*' 4"&$-,' *"*' +#/&42,$#*' 2$%#+7#+*,$&/#*' *,$
*&%2*N&4%,+2&*gY8' M&*' +#/&42,$#*' *,42&/#*' *,$' 4+6%24&*' 7&+&' /&' *&/"-' <' #/' 12#$#*%&+gf8' L,+' ,%+,' /&-,;
4"&$-,'/&*'7#+*,$&*'*#'*2#$%#$'&2*/&-&*;','*2#$%#$'*,/#-&-;'%2#$#$')&<,+#*'+2#*0,*'-#'),+%&/2-&-'<
-2*N"$42,$&/2-&-'7*24,/5024&gi8
!"&$-,'*#'/#*'7+#0"$%&'&'/&*'7#+*,$&*'&4#+4&'-#'*"*'7+2$427&/#*')#%&*'#$'/&'32-&;'/&*'+#/&42,$#*
4#+4&$&*'*20$2N24&%23&*',4"7&$'*2#)7+#'/,*'7+2)#+,*'/"0&+#*'-#'/&'/2*%&gZ8'J$'"$'#*%"-2,'+#&/2D&-,'7,+
c&**#+'<'\<&$'j]^^Zk;'*#'#$4,$%+5'("#'/&*'7#+*,$&*'("#'$,'/#*'-&$'&'/&*')#%&*'*,42&/#*'"$&'1"#$&
7+2,+2-&-' 7+#*#$%&$' )#$,+' *&/"-' )#$%&/' <' N6*24&' ("#' &("#//,*' ("#' *6' /#*' -&$' 2)7,+%&$42&' #$' *"*
7+2,+2-&-#*'-#'32-&8
M&*'+#/&42,$#*'*,42&/#*'4#+4&$&*'*,$'4,),'%#$#+'"$'N/,%&-,+'4"&$-,'"$,'#*%I'#$'#/')#-2,'-#'"$')&+

4,$')"4:,',/#&Q#8'L"#-#'*#+'("#'$,'$#4#*2%#),*'"*&+/,;'7#+,'#/':#4:,'-#'*&1#+'("#'/,'%#$#),*'$,*
-&'"$&'*#$*&425$'-#'*#0"+2-&-8'J$',%+&*'7&/&1+&*;'/&*'+#/&42,$#*'*,42&/#*'4#+4&$&*'$,*'&<"-&$;'$,*
-&$'&7,<,'#),42,$&/'4"&$-,'#$N+#$%&),*'"$')&+'-#'*2%"&42,$#*'-2N642/#*gh8

!&",.()7')#-$,/0#7)57)/(,:07-%7)7,)(B-(
}"&$' #*' "$' #Q#4"%23,' #C2%,*,;' )"<' *2)7I%24,' 4,$' *"*' 7&+#*' <' &)20,*;' #*' #/' &/)&' -#' /&' N2#*%&8' J*' "$&' 7#+*,$&' )"<
*,42&1/#;'("#':&4#'1+,)&*'%,-,'#/'%2#)7,;':&42#$-,'+#6+'&'%,-,*'/,*'("#'#*%I$'7+#*#$%#*8'L#+,'/#'4"#*%&'4,$%+,/&+'*"*
#),42,$#*'4"&$-,'*"'#*7,*&'-24#'&/0,'("#'&'G/'$,'/#'7&+#4#8'L"#-#'7&*&+'-#'*#+'/&'7#+*,$&')I*'*2)7I%24&'&'*#+'"$
,0+,'#$'#/'%+&%,'&'*"'7&+#Q&;':&42#$-,'("#'/&*'7#+*,$&*'7+#*#$%#*'*#'*2#$%&$')"<'2$45),-&*8'>"'#*7,*&'`7&*23&)#$%#a
+#421#'/&'&0+#*25$'7&+&'("#'/&'*2%"&425$'$,'#*4&/#8

J$'#*%#'4&*,;'}"&$'%2#$#'"$&'+#/&425$'4#+4&$&'4,$'*"'7&+#Q&;'7#+,'$,'#*'"$'36$4"/,'("#'/,*'&<"-#'&
*&%2*N&4#+'*"'$#4#*2-&-'-#'+#/&425$8'J*'"$&'4,$-2425$'2$-2*7#$*&1/#'("#'/&*'+#/&42,$#*'4#+4&$&*'*#&$
*&/"-&1/#*;' -#' 7+#,4"7&425$' #' 2$%#+G*' 0#$"2$,' 7,+' /&' ,%+&' 7#+*,$&;' 7&+&' ,1%#$#+' /,*' 1#$#N242,*' -#/
),%23&-,+;'#*'-#42+;'7&+&'*&%2*N&4#+'$"#*%+&'$#4#*2-&-'-#'+#/&425$gg8
EF"G'7&*&'4,$'/&*'2$%#+&442,$#*'*,42&/#*'3'74'&:'_&4#1,,.;'7,+'#Q#)7/,8
_&4#1,,.'4"#$%&'4,$'];]]'12//,$#*'-#'"*"&+2,*'&/')#*'#$'7+,)#-2,'<'#*'"$'N#$5)#$,')"$-2&/'&/
&1+2+'/&'7,*212/2-&-'-#'#*%&1/#4#+'4,)"$24&425$'-2+#4%&'<'4,$%2$"&'4,$'/,*'&)20,*'<'/&'N&)2/2&g^8'=*&+
_&4#1,,.' *#' :&' 3"#/%,' 4&*2' "$&' #72-#)2&' #$' /&*' 7,1/&42,$#*' "$23#+*2%&+2&*^[8' L#+,;' E#*%#' *2*%#)&
*&%2*N&4#'$"#*%+&'$#4#*2-&-'-#'+#/&425$H'M&'+#*7"#*%&'#*'*6'<'$,8
>:#/-,$'<'*"'#("27,'-#'4,/&1,+&-,+#*'jb[]]k'#$4,$%+&+,$'("#')2#$%+&*'/,*'#*%"-2&$%#*')I*'"*&1&$
_&4#1,,.;')I*'4,$#C25$'*#$%6&$'#$'*"'32-&;'4,$'/,'4"&/'7,-+6&'4,$%+21"2+'4,$'/&'*&%2*N&4425$'-#'/&
$#4#*2-&-'-#'+#/&425$;'/,'4"&/'7,-+6&'#C7/24&+'7,+'("G'"*&$'%&$%,'_&4#1,,.8
>2$'#)1&+0,;'#$',%+,'#*%"-2,'#$4,$%+&+,$'("#'#/'"*,'-#'_&4#1,,.'7"#-#':&4#+'("#'/,*'*#$%2)2#$%,*
-#'*,/#-&-'#)7#,+#$^];'7,+("#'$,'+##)7/&D&$'/&*'+#/&42,$#*'4&+&'&'4&+&8'!,),'*#'7"#-#'3#+;'&B$'/&*
2$3#*%20&42,$#*'$,'-&$'"$&'+#*7"#*%&'-#N2$2%23&8'M,'2-#&/'#*'%#$#+'36$4"/,*'4#+4&$,*'-#'2$%#+&4425$
+#&/'<'"*&+'_&4#1,,.'4,$'),-#+&425$'<'$,'4,),'+##)7/&D,'&'/,'&$%#+2,+8
>?&@)75)YC.:II*0FZK
F"2DI*':&'#*4"4:&-,'#*%#'%G+)2$,',':&'32*%,'-2N#+#$%#*'2)I0#$#*'("#':&$'42+4"/&-,'7,+'/&*'+#-#*
*,42&/#*' &4#+4&' -#' #*%#' N#$5)#$,8' M&' 7&/&1+&' `*A,884'%a' #*' /&' 4,)12$&425$' -#' -,*' 7&/&1+&*' #$

2$0/G*8'L,+'"$'/&-,'*A3'&'j%#/GN,$,k'<'7,+',%+,')',884'%'j-#*7+#42&+k'<'#*%&'7&/&1+&'j`*A,884'%ak'*#
"*&'7&+&'&/"-2+'&/':#4:,'-#'("#'"$&'7#+*,$&'-#Q&'-#'7+#*%&+'&%#$425$'&',%+&'j20$,+#'&',%+&'7#+*,$&k
7,+'#*%&+'"%2/2D&$-,'*"'%#/GN,$,'2$%#/20#$%#'j*2#+(*A3'&k;'(#87&(','"$''3(&833N8'J*%&'7&/&1+&'&B$'$,
#*'N,+)&/)#$%#'&4#7%&-&'7,+'/,*'-2442,$&+2,*'#$'2$0/G*;'7#+,'#$'%,-,'4&*,'3&/#'/&'7#$&'4,)#$%&+'#/
N#$5)#$,' ("#' -#*4+21#;' 7"#*' )"4:&*' 3#4#*' 7#$*&),*' ("#' #*%&),*' 4,$' &/0"2#$;' 7#+,' #$' 3#+-&#*%&),*' )I*' 7#$-2#$%#*' -#' $"#*%+,*' %#/GN,$,*' <' ,%+,*' -2*7,*2%23,*' #$' /"0&+' -#' 7+#*%&+' &%#$425$' &
("2#$#*'("#+#),*8
L,+' /,' ("#' :#),*' 32*%,;' #/' `*A,884'%a' %2#$#' "$&' 4,$$,%&425$' $#0&%23&8' L,+' #Q#)7/,;' #C2*%#' "$&
7I02$&'d#1'("#'*#'//&)&?'ddd8
*%,77:"112$084,)'("#')#$42,$&'&/0"$&*'#*%&-6*%24&*'&*,42&-&*'&'#*%#'N#$5)#$,;'2$4/"<#$-,'#$'("G
42"-&-#*' *#' -&' )I*' N+#4"#$%#)#$%#8' R*6;' #$4&1#D&$-,' /&' /2*%&' #*%I' 9"#3&' K,+.;' *#0"2-&' -#' M,*
R$0#/#*' <' -#' M,$-+#*8' T&)12G$;' *#V&/&$' 7,+' #Q#)7/,' ("#' #/' ^h' 7,+' 42#$%,' -#' 7#+*,$&*' ("#' *,$
364%2)&*'-#'*A,884'%'-"+&$%#'"$&'4#$&'4,)#$%&$'("#'/&'4,)2-&'$,'/#*'0"*%58'J$'#*%&'7I02$&'d#1'*#
)#$42,$&'("#'#/'gh'7,+'42#$%,'-#'/,*'&-,/#*4#$%#*'7+#N2#+#$'4,)"$24&+*#'7,+')#$*&Q#*'-#'%#C%,'#$
/"0&+'-#'4&+&'&'4&+&8
J*' 2)7,+%&$%#' %,)&+' 4,$42#$42&' -#' #*%#' N#$5)#$,;' 7"#*' )"<' 7+,1&1/#)#$%#' <&' $,*' :&' 7&*&-,' &
%,-,*' :&1#+' *2-,' 364%2)&*' -#/' *A,884'%' ,' *#+' $,*,%+,*' )2*),*' ("2#$#*' /,' +#&/2D&),*8' !"&$-,
#*%#),*'4,$',%+&*'7#+*,$&*;'*,1+#'%,-,'4,$'$"#*%+,*'*#+#*')I*'("#+2-,*;'7+#*%G),*/#*'&%#$425$'7/#$&
<',/32-G),$,*'-#'$"#*%+,*'-2*7,*2%23,*8

+'&5%-"/01,)JQ

>?&@)3"/7-)#"-")U":(-7/7-)'"5)-7'"/0(,75)0,%7-#7-5(,"'75C
K&'*#&'("#'"*%#-'*#&'Q#N#;'7&-+#','7+,N#*,+^b?
o'T5)#*#'"$'%2#)7,'7&+&'-2*4"%2+'/&*'7+#,4"7&42,$#*'-#'/&*'7#+*,$&*8
o'A"#*%+#'*"'2$%#+G*'0#$"2$,'#$'*"*'4,/&1,+&-,+#*;':2Q,*;'&/")$,*;'&)20,*;'#%48
o'JC7+#*#'*"'&N#4%,'<'&7+#42,'7,+'/&*'7#+*,$&*'j*"*'4,/&1,+&-,+#*;':2Q,*;'&/")$,*;'&)20,*;'#$%+#',%+,*k8
o'p+2$-#'%2#)7,;'&%#$425$;'#$#+06&;'2$%#+G*'<'&7,<,'#),42,$&/'&'/&*'7#+*,$&*8
o'e#$#+#'"$'4/2)&'-#'4,$N2&$D&'<'-#'4&+2V,':&42&'/&*'7#+*,$&*8
o'UG'"$'%2#)7,'-#'4&/2-&-'&'/&*'7#+*,$&*'("#'("2#+#'j#32%#'#/'*A,884'%;'7,+'#Q#)7/,k8
R-#)I*'*2'#*'Q#N#;'%&)12G$'7"#-#?
o'J32%&+'2$4#$%23,*'("#'#*%2)"/#$'/&'4,)7#%#$42&'#$%+#')2#)1+,*'-#'*"'#("27,8
o' _,)#$%&+' /&' N,+)&425$' -#' 36$4"/,*' #$%+#' /,*' %+&1&Q&-,+#*' j&/)"#+D,*;' +#"$2,$#*' N"#+&;' *&/2-&*' /,*' N2$#*' -#' *#)&$&;' -#' %&/' ,-,' ("#' /&
0#$%#'2$%#+&4%B#'<'*#'4,$,D4&$'<'#//&*'2+I$'N,+)&$-,'*"*'7+,72,*'36$4"/,*k8
o'X&4#+'&4%232-&-#*'-#'(&#2$8,4794'%8

!(9#"-%07,.()7')%091,)7,)'"5)-7'"/0(,75

!W'$ &7$ L3'93$ )3'$ 7#)$ +&7#643'&)$ 63'$ 7#)$ *&+)3'#)$ 73$ >,&$ 9#
)&'(493$#$7#$549#B8
J$%8&L*8.(8/&+20&<:/I28"4

>?&0@,)9",.")"/AC
=$'4:2*%#'("#'$,*'*2+3#'-#'#Q#)7/,?'"$':,)1+#'("#'#*%&1&'4&$*&-,'-#'("#'*"')"Q#+'%"32#+&'/&*'+2#$-&*'-#/':,0&+8'W/
-#46&?'`K&'#*%,<'4&$*&-,;')2'*#V,+&')#'%2#$#'/,4,;'*2#)7+#')#')&$-&'&':&4#+'/&*'4,*&*'-#'/&'4&*&;'4,),'*2'<,'N"#+&
"$')&4&1#,8'A2*'&)20,*'*#'+6#$'<'#//&')#'%+&%&')&/'<':&*%&'2$4/"*,'("2#+#'#4:&+)#'-#'/&'4&*&'*2'$,':&0,'/,'("#'#//&
-24#a8' J/' :,)1+#' -#42-#' )&%+24"/&+*#' #$' "$&' &4&-#)2&' -#' ."$0' N"' 7&+&' %#$#+' )I*' 4,$N2&$D&;' 7,-#+' -#),*%+&+
*#0"+2-&-'<'3#+'("2G$'+#&/)#$%#')&$-&'#$'/&'4&*&8
U#*7"G*'-#'"$'/&+0,'%2#)7,;'#/'*#V,+'*&/#'-#'/&'&4&-#)2&'4,$'*"'%+&Q#'1/&$4,'<'-24#?'`R:,+&'*6;'3&),*'&'3#+'("2G$
%2#$#'/,*'7&$%&/,$#*;'*,<'42$%&'$#0+&;'Q&Q&Q&a8'M/#0&'&'/&'4&*&;'%2+&'/&'7"#+%&'-#'"$&'7&%&-&'<'-24#'0+2%&$-,'xxx<02&&&yyy
>"'#*7,*&'*&/#'<'-24#?'`xEK&;'("GHya8'`K&'//#0"G;'&),+42%,;'E("G'("2#+#*'("#':&0&;'#/'&/)"#+D,','/&3,'/&'+,7&'-#'/,*
$2V,*888Ha;'+#*7,$-#'#/':,)1+#^Y8

J*%#'4:2*%#'#*'"$,'-#'/,*')2/#*'("#'#C2*%#$'*,1+#'#/'7+,1/#)&'-#'/&*'+#/&42,$#*'-,$-#'"$&'7#+*,$&
#*'/&'("#')&$-&;'-2+20#'<',+-#$&;'<'/&',%+&'#*'/&'*,)#%2-&8'>2'12#$'G*%&'#*'"$&'*2%"&425$'-#'N&$%&*6&;'#$
+#&/2-&-'#*'"$'N#$5)#$,'("#',4"++#'4,$')"4:&'N+#4"#$42&'#$%+#'/&*'7&+#Q&*8
X&<' ("2#$#*' $,' *&1#$' 4,)7&+%2+' #/' %2)5$' -#/' )&%+2),$2,' <' "$&' 7#+*,$&' 72#+-#' %,%&/)#$%#' *"
&"%,$,)6&' <' #*' *,)#%2-&' 7,+' /&' ,%+&8' F"2DI*' &/0"2#$' 4,$,D4&' &' &/0"$&' 7&+#Q&' &*6' <' ,1*#+3#' &/
`*,)#%2-,a' N#/2D' -#' *#+/,8' X&<' 7#+*,$&*' ("#' 2$4/"*,' +#$2#0&$' -#' *#+/,' <' )I*' 12#$' *,$' &"%5$,),*
7,+("#'#//,*':&$'-#42-2-,'-&+/#'/&'&"%,+2-&-'&'*"'7&+#Q&8'L#+,'/,*'#*%"-2,*'-#)"#*%+&$'("#'4,)7&+%2+
#/'%2)5$'<'+#*7#%&+'/&'&"%,$,)6&'-#'/&'7&+#Q&;'%+&#'%+#)#$-,*'1#$#N242,*8
M,*')&%+2),$2,*'("#'+#*7#%&$'/&'&"%,$,)6&'#*%I$')I*'4,)7+,)#%2-,*;')"#*%+&$')I*'*&%2*N&4425$
#$'/&'+#/&425$'<'7+#*#$%&$')#$,*'4,$N/24%,*'3#+*"*'&("#//,*'-,$-#'"$')2#)1+,'*,)#%#'&',%+,8'J$'"$&
2$3#*%20&425$'+#&/2D&-&'7,+'c$##^f;'*#'#$4,$%+5'("#')2#$%+&*')I*'&"%5$,)&*'*,$'/&*'7#+*,$&*;')I*
&12#+%&*'*#')"#*%+&$'7&+&'4,)7+#$-#+'&'*"*'7&+#Q&*'<'"*&$')I*'#*%+&%#02&*'&4%23&*'-#'&N+,$%&)2#$%,
4"&$-,' %2#$#$' -#*&4"#+-,*8' !,$%+&+2&)#$%#;' ("2#$#*' *,$' )I*' 4,$%+,/&-,+#*' )"#*%+&$' )&<,+#*
2$%#$%,*' -#' $#0&+' /,*' 7+,1/#)&*' -#' *"' +#/&425$8' !"&$-,' /,*' 2$3#*%20&-,+#*' ,1*#+3&+,$' /,*

4,)7,+%&)2#$%,*' -#' /&*' 7&+#Q&*;' /,*' )I*' &"%5$,),*' ),*%+&+,$' )&<,+#*' 4,)7,+%&)2#$%,*' -#
2$%#+&4425$' 7,*2%23,*' j*#' &4#+4&1&$' &/' ,%+,;' 7#-6&$' &4/&+&42,$#*;' #C7+#*&1&$' *"' 4,)7+#$*25$' &' /&
7&+#Q&k8
M&'&"%,$,)6&'#$%,$4#*'#*'4/&3#'7&+&'/&*'+#/&42,$#*'-#'7&+#Q&8'L,+',%+,'/&-,;'*2'#C2*%#'"$'*,)#%2-,
#$'/&'7&+#Q&;'/#*'#$*#V&'&'*"*':2Q,*;'4,$'*"'7+,72,'#Q#)7/,;'&'$,'3&/,+&+'/&'&"%,$,)6&8'J/'$2V,'7"#-#
&7+#$-#+'("#'/&'N,+)&'-#'2$%#++#/&42,$&+*#'4,$'/&*'7#+*,$&*'<'/&'7&+#Q&'#*'&'%+&3G*'-#/'4,$%+,/'<')"<
7+,1&1/#)#$%#'+#72%&'/&*')2*)&*'4,$-"4%&*'#$'*"*'7+,72&*'+#/&42,$#*'2$%#+7#+*,$&/#*'4,$'*"*'&)20,*
<'7,*%#+2,+)#$%#'4,$'*"*'7&+#Q&*8
R$%#+2,+)#$%#;':#),*'-&-,'"$&'*#+2#'-#'*"0#+#$42&*'-#'45),'7+,),3#+'/&'&"%,$,)6&'#$'#/'I)12%,
-#/'%+&1&Q,'<'/,*':2Q,*8'A"4:&*'-#'/&*'*"0#+#$42&*'*#'7"#-#$'&7/24&+'&'/&'7&+#Q&8'M#'7+,7,$#),*'#/
*20"2#$%#'#Q#+4242,8

K/%0:0.".

A&+("#'4,$'"$&''/&*'&N2+)&42,$#*'("#'*#'&7/24&$'&'"*%#-?
mmmm!,$'N+#4"#$42&'*,<'<,'#/'("#'-#42-#'/,'("#':&+#),*8
mmmm9,'*"#/,'#*4"4:&+'/&',72$25$','2$%#+#*#*'-#')2'7&+#Q&8
mmmm!,$'N+#4"#$42&')#'),/#*%,'<'/#'4,$%#*%,')&/'&')2'7&+#Q&'4"&$-,'/&*'4,*&*'$,'*&/#$'4,),
<,'("2#+,8
mmmm!,$'N+#4"#$42&')#'),/#*%,'<'/#':&1/,')&/'&')2'7&+#Q&'7,+'&/0"$&'-#42*25$'("#'%,)58
mmmm!,$' N+#4"#$42&' 7,+' 4#/,*' ("2#+,' *&1#+' 4&-&' &4%232-&-' ("#' :&4#' )2' 7&+#Q&?' -5$-#' #*%I;
("2G$#*'*,$'*"*'&)20,*'#$'_&4#1,,.;'("G':&4#'#$'4&-&')2$"%,8
mmmm!,$'N+#4"#$42&':&0,'("#')2'7&+#Q&'*#'*2#$%&'4"/7&1/#'7,+'&/0B$'7+,1/#)&'<'"*,'/&'4"/7&
7&+&':&4#+'/,'("#'<,'("2#+,8
>2' "*%#-' )&+45' 3&+2&*' -#' #*%&*' 4,$-"4%&*;' 7"#-#' #*%&+' 7#+Q"-24&$-,' *"' 12#$#*%&+' <' #/' -#' *"
7&+#Q&8'J*%G'&%#$%,'&'/,'("#'32#$#'&'4,$%2$"&425$8

+'&5%-"/01,)J*

;')9(%0:".(-).7)%-"5/7,.7,/0"

!V393)$ (&'&23)$ 7#$ '&6&)49#9$ 9&$ (+#)6&'9&+?$ 9&$ 9&R#+$ ,'

7&%#93Z$7#$*&'#$&)$>,&$#7%,'3)$&)(G'$(#'$2&(493)$&'$),)$2&(#)
&%3@)(#)$ >,&$ )173$ #7$ L4'#7$ 9&$ ),)$ 549#)$ )&$ 9#'$ 6,&'(#?$ 6,#'93
I#$&)$2,I$(#+9&B8
'$+*"&,*-)./$0
!H>,&7$>,&$(4&'&$,'$*3+>,O?$*,&9&$)3*3+(#+$6,#7>,4&+$6123B8
M*(4N-).(

K/%0:0.".
l)&02$#'("#'"*%#-'$"$4&':"12#*#'#C2*%2-,8'EF"G':&1+6&'*2-,'-2N#+#$%#H
EF"G'7#+*,$&*'*#+6&$'&N#4%&-&*','7#+Q"-24&-&*'7,+'*"'$,'#C2*%#$42&H
EF"G'4,*&*'2)7,+%&$%#*'$,'*#':&1+6&$':#4:,H
\#N/#C2,$#'*,1+#'*"*':2Q,*;'7&-+#*;'&)20,*'<'7#+*,$&*'#$'0#$#+&/8
X&0&'"$&'7&"*&'#$'/&'/#4%"+&'<'+#N/#C2,$#8

!"&$-,' :&0,' #*%#' #Q#+4242,' 4,$' /,*' 7&+%2427&$%#*' -#' )2*' %&//#+#*' /#*' 7+#0"$%,' ("G' &7+#$-2#+,$
:&42G$-,/,8'M&'+#*7"#*%&')I*'4,)B$'#*?'`M&'%+&*4#$-#$42&'-#'$"#*%+&'32-&a;'&"$("#'%&)12G$':"1,'"$
0+&42,*,'("#')#'+#*7,$-25?'`R7+#$-6'("#')2')&-+#':&1+6&'*2-,')I*'N#/2Da8
=$&'7#+*,$&'("#'-#-245'*"'32-&'&'#*%"-2&+'/&'%+&*4#$-#$42&'N"#'#/'7*2("2&%+&'n2.%,+'_+&$./^i8'n2.%,+
_+&$./'N"#'"$'Q"-6,'#$'/&'G7,4&'$&D2'#$'R"*%+2&'("#'N"#'//#3&-,;'4,),'/&')&<,+6&'-#'/,*'Q"-6,*;'&'"$
4&)7,' -#' 4,$4#$%+&425$8' J$' #/' 4&)7,;' /,' *#7&+&+,$' -#' *"' N&)2/2&' <' -#' *"' #*7,*&;' ("2#$
7,*%#+2,+)#$%#' N&//#4258' T"3,' ("#' *,7,+%&+' )&/%+&%,*' <' 4,$-242,$#*' 2$:")&$&*8' !,),' %,-,*' *"*
4,)7&V#+,*;' *,1+#3236&' 4,$' "$' 7+,N"$-,' -,/,+' #$' *"' 4,+&D5$' #*7#+&$-,' ("#' /#' %,4&+&' /&' )"#+%#8
n2.%,+'#+&'7*2("2&%+&'<'Q"*%,':&16&'%#+)2$&-,'-#'#*4+212+'"$'/21+,'4"&$-,'/,'4&7%"+&+,$'7&+&'//#3&+/,
&/' 4&)7,' -#' 4,$4#$%+&425$8' M,*' &/#)&$#*' -#*4&+%&+,$' #/' )&$"*4+2%,8' W/' -#42-25' #*4+212+' *"' /21+,
$"#3&)#$%#' <' &-#)I*' -,4")#$%&+' /&' 7*24,/,06&' -#' "$' 7+2*2,$#+,' -#' "$' 4&)7,' -#' 4,$4#$%+&425$8
J)7#D5' &' 32*"&/2D&+*#' 7+#*#$%&$-,' *"' /21+,' &' "$' 0+"7,' -#' 42#$%6N24,*' #$' R"*%+2&' <' &*6' #$4,$%+5
*#$%2-,'&'*"'32-&'<')#Q,+5'*"'I$2),8'R:,+&'%#$6&'&/0,'7,+'("G'/"4:&+8'J*%,'/,'&<"-5'&'$,'),+2+'4,),

)"4:,*'-#'*"*'4,)7&V#+,*'<'/,0+5'*,1+#3232+'&/'4&)7,'-#'4,$4#$%+&425$8'!"&$-,'%#+)2$5'/&'0"#++&;
7"1/245' *"' /21+,' <' 4+#5' "$&' 4,++2#$%#' //&)&-&' /,0,%#+&72&;' ("#' -#*%&4&' /&' 2)7,+%&$42&' -#' %#$#+' "$
*#$%2-,'#$'/&'32-&8'L&+&'n2.%,+'_+&$./'/&*'7#+*,$&*'("#'$,'/#'#$4"#$%+&$'*#$%2-,'&'*"'32-&'%#+)2$&$
*2$%2#$-,'"$'3&46,'#C2*%#$42&/8
J$'"$&'2$3#*%20&425$;'*#'#3&/"5'&'"$'0+"7,'-#'#0+#*&-,*'-#'/&'=$23#+*2-&-'-#'X&+3&+-'%+&*'3#2$%#
&V,*'-#':&1#+'-#Q&-,'/&'"$23#+*2-&-8'R'*2)7/#'32*%&;'#*%&*'7#+*,$&*;'("#'<&'*#'#$4,$%+&1&$'2$*#+%&-&*
#$' #/' )#+4&-,' /&1,+&/;' %#$6&$' "$&' 32-&' `)&+&32//,*&a;' 7"#*' 4,$' /,*' &V,*' %,-,*' %#$6&$' GC2%,*
)&%#+2&/#*8'>2$'#)1&+0,;'/&')&<,+6&'*#'("#Q&1&'-#'*#$%2+'"$&'0+&$'N&/%&'-#'*20$2N24&-,'#$'*"*'32-&*;
*#$%6&$'"$'0+&$'3&46,'#C2*%#$42&/^Z8
L,+',%+,'/&-,;'#$'"$&'2$3#*%20&425$'4,$'&/4,:5/24,*'+#&/2D&-&'7,+'2$3#*%20&-,+#*'-#'/&'=$23#+*2-&-#' >&$' U2#0,;' *#' #$4,$%+5' ("#' #/' ^[' 7,+' 42#$%,' -#' /,*' 7&+%2427&$%#*' #$' #/' #*%"-2,' *#$%6&$' "$' 3&46,
#C2*%#$42&/8'S%+&'3#D'3#),*'("#'4"&$-,'/&*'7#+*,$&*'%2#$#$'"$'3&46,'#C2*%#$42&/;'*2#$%#$'&1"++2)2#$%,
4,$'/&'32-&;'-#7+#*25$'<'&7&%6&;'#$%+#',%+,*^h8
J$'4&)12,;'4"&$-,'*&%2*N&4#),*'/&'$#4#*2-&-'-#'%+&*4#$-#$42&'$,*'*#$%2),*'N#/24#*;'*#$%2),*'("#
&<"-&),*;' ("#' &)&),*;' ("#' *,),*' `B%2/#*a;' $,*' *#$%2),*' 4,$#4%&-,*' 4,$' %,-,*;' #*' "$&' *#$*&425$
)&+&32//,*&'("#'$,*':&4#'*#$%2+'4,)7/#%,*8
J$' )2' #C7#+2#$42&;' 4,),' )#$42,$&' /&' 42%&' &/' 2$242,' -#/' 4&76%"/,;' &/0"$&*' 7#+*,$&*' 2$%#$%&$
#*4,$-#+*#' -#' #*%#' 3&46,' //#$&$-,' *"' 32-&' -#' ,1Q#%23,*;' )#%&*;' %+&1&Q,' <' &4%232-&-#*' *,42&/#*8' >#
7&*&$' /&' 32-&' ("#+2#$-,' %#$#+' )I*;' /,0+&+' )I*;' &/4&$D&+' )I*' ,' *#+' )I*' +#4,$,42-,*8' L#+,' %,-,*
#$N+#$%&),*' $"#*%+&' $#4#*2-&-' -#' %+&*4#$-#+' #$' $"#*%+,' /#4:,' -#' )"#+%#8' !"&$-,' <&' 3#),*' $"#*%+&
)"#+%#'4#+4&;'$,*'7+#0"$%&),*'("G':#),*':#4:,'7,+'/,*'-#)I*;'4"I/'N"#'$"#*%+,'/#0&-,'#$'/&'32-&8'M&
7#$&'#*'("#'<&'$,'%#$#),*'#$#+06&*'7&+&':&4#+')"4:,'4"&$-,'#*%&),*'4#+4&'&'/&')"#+%#8
R/0"$&*'7#+*,$&*'-#*72#+%&$'&'/&'+#&/2-&-'-#'/&'$#4#*2-&-'-#'/&'%+&*4#$-#$42&'4"&$-,'#$N+#$%&$'*"
7+,72&'),+%&/2-&-'-#'Q53#$#*8

!&",.()75%-7''"-57)/(,%-")'")#"-7.)#&7.7)57-)8&7,(
R'"$&'&)20&'/#'-#%#4%&+,$'"$'%"),+'#$'#/'4#+#1+,O'$,'*#'7,-6&'*&1#+'*2'#+&'1#$20$,',')&/20$,8'X&16&'("#',7#+&+/&'<
#C%+&#+/#'#/'%"),+'#$'"$&',7#+&425$'4,)7/24&-&8'J//&')#'4,$%5'("#'4"&$-,'#*%&1&'#$'/&'*&/&'-#',7#+&42,$#*'*#'7"*,'&
7#$*&+'#$'*"'32-&8'`>2')#')"#+,;')2*'/,0+,*;')2*'7,*#*2,$#*;')2'7+#*%202,;')2'+,7&'$,')#'/&*'7"#-,'//#3&+O'4"&$-,')#
3&<&;'*#'2+I'*5/,')2'&/)&8'EF"G'*#$%2-,'%2#$#'-#-24&+/#'%&$%,'%2#)7,'&'/,0+&+')#%&*'<'&'%#$#+'4,*&*;'*2'$&-&'-#'#*,'%#'/,
//#3&*Ha8
R/'N2$&/'%"3,'*"#+%#;'#/'%"),+'N"#'1#$20$,;'7#+,'#/'0+&$'*"*%,'("#'7&*5'/#':2D,'+##3&/"&+'*"*'7+2,+2-&-#*'#$'/&'32-&8
R:,+&' #*' "$&' 7#+*,$&' )"4:,' )I*' 4,$4#$%+&-&' #$' &4%232-&-#*' %+&*4#$-#$%#*8' R' 3#4#*;' #$N+#$%&+' $"#*%+&' 7+,72&
)"#+%#'$,*'&<"-&'&'3232+'$"#*%+&'32-&'-#'/&')#Q,+')&$#+&'7,*21/#8

S%+&'N,+)&'-#'#$N+#$%&+'/&'),+%&/2-&-'#*'4"&$-,'$,*'%,4&'3#+'#/'#$3#Q#42)2#$%,'-#'$"#*%+,*'7&-+#*8
A2'7&-+#'%2#$#',4:#$%&'<'$"#3#'&V,*;'%2#$#'-#)#$42&'*#$2/'<'*#'/#',/32-&$'/&*'4,*&*8'!"&$-,'/,'32*2%,
<')#'*2#$%,'&'-&+/#'4&+2V,;'$,'7"#-,'#32%&+'7#$*&+'("#;'&')2*'42$4"#$%&'<'42$4,'&V,*;')#'("#-&$'4,$
*"#+%#'%+#2$%&','%+#2$%&'<'42$4,'&V,*'-#'32-&8'n#+'&4#+4&+*#'*"')"#+%#')#':&4#'7#$*&+'#$'#/'*#$%2-,'-#
)2'7+,72&'32-&8'A#'7+#0"$%,'*2'#*%,<':&42#$-,'/,'("#':#'3#$2-,'&':&4#+'&'#*%&'32-&;'*2'#*%,<'-#Q&$-,
"$'/#0&-,;'*2'#*'2)7,+%&$%#'("#':&0&'&/0,')I*'-#'/,'("#'#*%,<':&42#$-,8
R/N+#-' 9,1#/' 4,$N+,$%5' *"' *#$%2-,' -#' %+&*4#$-#$42&' -#' "$&' N,+)&' 7&+%24"/&+8' 9,1#/' %#$6&' "$
$#0,42,'-#'3#$%&'-#'#C7/,*23,*'<'&+)&)#$%,8'!"&$-,'*"':#+)&$,'N&//#4#;'#/'-2&+2,'*&4&'"$&'$,%242&'<
4,$N"$-#'/,*'$,)1+#*;'<'#$'/"0&+'-#'2$N,+)&+'("#'*"':#+)&$,':&16&'N&//#42-,;'2$N,+)&'("#'#+&'R/N+#9,1#/'("2#$':&16&')"#+%,8'J/'-2&+2,'-#46&?'`R/N+#-'9,1#/'*#+I'+#4,+-&-,'7,+'/&'3#$%&'-#'#C7/,*23,*
<'&+)&)#$%,*'7&+&':&4#+'/&'0"#++&a8'J*%&'#("23,4&425$'-#/'-2&+2,'/,':2D,'%,)&+'4,$42#$42&'-#'/,'("#
#*%&1&':&42#$-,8'L+#,4"7&-,'7,+'#*%#'/#0&-,;'-,$5'0+&$'7&+%#'-#'*"'N,+%"$&'&'4+#&+'"$'7+#)2,'("#
4#/#1+&+&'/&'7&D;'#/'L+#)2,'9,1#/8
!,),' )"#*%+&' /&' 2/"*%+&425$' ib;' R/N+#-' #*%&1&' #$' #/' 4"&-+&$%#' -#/' #0,6*),' <' GC2%,' #4,$5)24,' <
7&*5'&/'4"&-+&$%#'-#'/&'%+&*4#$-#$42&'4,$'GC2%,'#4,$5)24,8

+'&5%-"/01,)JE

S%+&'4&*,'2$%#+#*&$%#'#*'#/'-#'},:$'u,,-;'"$'#C2%,*,'#Q#4"%23,'("#':&46&'"$&'4&++#+&'4,+7,+&%23&
#$' /&' #)7+#*&' A24+,*,N%8' U#*7"G*' -#' :&1#+' )&$#Q&-,' /&' #)7+#*&' #$' R"*%+&/2&;' *"' 7&6*' $&%&/;' /,
&*4#$-2#+,$'&')&$#Q&+'/&'+#025$'-#'!:2$&8'J$'"$&'-#'*"*'3&4&42,$#*;'-#42-25'32*2%&+'9#7&/'<'//#05'&

"$'7#("#V,'4,/#02,'#$'"$'7"#1/2%,8'!,),'},:$'#*'4"+2,*,;'/#*'72-25'&'/&*'7#+*,$&*'#$4&+0&-&*'("#'/#
),*%+&+&$' #/' 4#$%+,' #-"4&%23,8' R/' %#+)2$&+' /&' 32*2%&' 7+#0"$%5?' `EU5$-#' #*%I' /&' 121/2,%#4&Ha8' M&*
7#+*,$&*' /#' -2Q#+,$' ("#' #+&' "$&' 7#("#V&' :&12%&425$' 3&46&' *2$' /21+,*8' M#' -2Q#+,$' ("#
-#*0+&42&-&)#$%#' $,' %#$6&$' -2$#+,' 7&+&' 4,)7+&+/,*8' },:$' *&16&' ("#' #*%,' $,' 7#+)2%2+6&' -&+/#*' "$&
1"#$&'#-"4&425$'&'/,*'$2V,*'7,1+#*;'7#+7#%"&$-,'#/'424/,'-#'/&'7,1+#D&8'A,32-,'7,+'#*%&'*2%"&425$;
G/'+#0+#*5'&'R"*%+&/2&;'4,$*20"25'"$&'-,$&425$'-#'%+#*')2/'/21+,*'<'/,*'//#35'&'9#7&/8'R//6;'#)7#D5'&
0#*%&+' *"' 2-#&' -#' 4+#&+' "$&' N"$-&425$' ("#' *#' //&)&*#' \332$ (3$ +&#9' <' ("#' *#' -#-24&+&' &' &+)&+' #
2)7/#)#$%&+'121/2,%#4&*'#$'/,*'4,/#02,*'7,1+#*8'L,4,'&'7,4,;'/&'N"$-&425$'N"#'&1*,+12#$-,'&'},:$
:&*%&'("#'-#42-25'+#$"$42&+'&'A24+,*,N%'<'*#'-#-245'&'%2#)7,'4,)7/#%,'&'%+&*4#$-#+8
R/0"$,*'7"#-#$'7#$*&+?'`K,'%&)12G$':&+6&'/,')2*),'*2'%"32#+&'*"'-2$#+,;'7,+("#'$,'-#1#':&1#+
0&$&-,'7,4,'#$'A24+,*,N%a8'J*'"$'4,)#$%&+2,'3I/2-,;'7#+,')2+#'4"I$%&*'7#+*,$&*'%2#$#$')"4:,')I*'<
*20"#$'*5/,'*"*')#%&*'#0,6*%&*'<'("#+2#$-,'&/4&$D&+'<'%#$#+')I*'j4,*&*')&%#+2&/#*k8'J/'4&*,'-#'},:$
#*'"$'4&*,'#C%+#),8'9,'%#$#),*'("#'-#Q&+'%,-,'/,'("#':&4#),*'7&+&'%+&*4#$-#+;'7,-#),*'%+&*4#$-#+
-"+&$%#'<')2#$%+&*'%+&1&Q&),*8

K/%0:0.".
T,)#'7#+*7#4%23&'<'%+&%#'-#'#$4,$%+&+/#'*20$2N24&-,'&'*"'%+&1&Q,8'\#N/#C2,$#'&4#+4&'-#'45),'*"'%+&1&Q,'2)7&4%&'&
,%+&*'7#+*,$&*;'7"#-#$'*#+'4/2#$%#*;'4,)7&V#+,*'-#'%+&1&Q,;'7+,3##-,+#*;'4,)"$2-&-;'7&6*','&/0B$',%+,'0+"7,':")&$,8
EJ$'("G')#-2-&'*"'%+&1&Q,':&4#'/&'-2N#+#$42&'4,$',%+,*'*#+#*':")&$,*H'J$4"#$%+#'*"'7+,72&'%+&*4#$-#$42&'#$'#/'7/&$,
7+,N#*2,$&/8
X&0&'"$&'7&"*&'#$'/&'/#4%"+&'<'+#N/#C2,$#8
U#*4"1+2+'$"#*%+,'7+,75*2%,'<'#$4,$%+&+/#'*20$2N24&-,'&'$"#*%+,'%+&1&Q,'$,*'&<"-&'&'#*%&+')I*'),%23&-,*'<'N#/24#*8

20) &5%7.) 75) ]7U78' \#4"#+-#' ("#' *"' 0#$%#' #*%I' 4")7/2#$-,' *"*' )#%&*' <' #*%I$' &1+")&-,*' 4,$' /&*
-#)&$-&*'-#/'-6&'&'-6&8'J*'2)7,+%&$%#'%,)&+*#'"$'#*7&42,')#$*"&/'7&+&'+#4,+-&+/#*'45),'*"'/&1,+
2)7&4%&' &' ,%+&*' 7#+*,$&*;' 7&+&' +#4,+-&+/#*' /&' %+&*4#$-#$42&' -#/' %+&1&Q,' 7&+&' /&' #)7+#*&;' /,*
4,/&1,+&-,+#*'<'#/'7&6*8
S%+&' N,+)&' -#' *&%2*N&4#+' /&' $#4#*2-&-' -#' %+&*4#$-#$42&' -#' /&*' 7#+*,$&*' &' *"' 4&+0,' #*' ,+0&$2D&+
&4%232-&-#*' -#' &<"-&' *,42&/8' >2' *"' #)7+#*&' $,' /,' :&4#;' "*%#-' /,' 7"#-#' 7+,),3#+' #*4,02#$-,' &' "$
0+"7,' -#' 7#+*,$&*' ("#' $#4#*2%&$' &<"-&8' L#+,' ("2DI*' /&' N,+)&' )I*' 2)7,+%&$%#' -#' %+&$*)2%2+' #*%&
2)7,+%&$42&'#*'("#'*#'%#$0&'4/&+,'("G'/#0&-,'("2#+#'-#Q&+'<'("#'),-#/#'"$&'32-&'%+&*4#$-#$%#8

20) &5%7.) 75) /('"8(-".(-) P'7) -7#(-%") .0-7/%"97,%7) ") "'B&07,R8' \#4"#+-#' %#$#+' 4/&+,' 4"I/' #*' #/
*20$2N24&-,'-#'*"'%+&1&Q,8'U#'3#D'#$'4"&$-,':I0&*#'/&'7+#0"$%&?'E#*%,<':&42#$-,'/&'-2N#+#$42&'4,$'/&*
7#+*,$&*;'#*%,<'-#Q&$-,'"$'/#0&-,;'#*%,<'*2+32#$-,','&<"-&$-,'/,'*"N242#$%#H
20)&5%7.)75)#".-7)b9".-7c'M&'$#4#*2-&-'-#'%+&*4#$-#+'$,'*#')&$2N2#*%&'%#)7+&$,'#$'/&'Q"3#$%"-8
M,*'&-,/#*4#$%#*;'*&/3,'#C4#742,$#*;'%2#$-#$'&'1"*4&+'*&%2*N&4#+'*"*'$#4#*2-&-#*'#0,6*%&*8'L#+,'"*%#7"#-#' *#)1+&+' #$' *"*' :2Q,*;' 4,$' *"' #Q#)7/,;' /&' 2)7,+%&$42&' -#' /&' %+&*4#$-#$42&8' A2' *"0#+#$42&' #*
4,/&1,+&+'4,),'N&)2/2&'#$'&/0"$&',1+&'-#'-#*&++,//,'*,42&/8'>2'*"*':2Q,*'/,'3#$'7+#,4"7&-,'7,+'#/
12#$#*%&+'-#',%+&*'7#+*,$&*;'7,+'/,')#$,*'3&$'4,)7+#$-2#$-,'("#'#$'/&'32-&'$,'%,-,'*#'%+&%&'-#'"$,
)2*),8
M&*'#)7+#*&*'7"#-#$'&<"-&+'&'*"*'%+&1&Q&-,+#*'&'#$4,$%+&+'#/'*20$2N24&-,'-#/'%+&1&Q,8'L,+'#Q#)7/,;
4"&$-,'#+&'324#++#4%,+'-#'/&'=$23#+*2-&-'L#+"&$&'-#'!2#$42&*'R7/24&-&*'j=L!k;':&46&),*'+#"$2,$#*
2$*%2%"42,$&/#*'-,$-#'&++#$-I1&),*'/&'*&/&')I*'0+&$-#'-#'"$'42$#'7&+&'2$N,+)&+'&4#+4&'-#'/,*'/,0+,*;
)#%&*'<'#*%+&%#02&*'&'%,-,'#/'7#+*,$&/8'K'"*I1&),*'*2#)7+#'#/'N2$&/'-#'#*%&'+#"$25$'%+2)#*%+&/'7&+&
+#4,+-&+' /&' %+&*4#$-#$42&' -#' /,' ("#' :&46&),*8' L,+' /,' )2*),;' #$' /&' *&/&' $,' *5/,' :&16&' 7+,N#*,+#*;
#*%&1&' #/' )(#LL' &-)2$2*%+&%23,' ("#' $,' %#$6&' )&<,+' 4,$%&4%,' 4,$' /,*' &/")$,*8' X&16&' 7#+*,$&*' -#
4,$%&12/2-&-;' -#' N2$&$D&*;' -#' &/)&4#$#*' <' -#' ,%+&*' I+#&*' ("#' $,' %#$6&$' 4,$%&4%,' 4,$' #*%"-2&$%#*8
L+#32&)#$%#' &/' #3#$%,;' #$%+#32*%I1&),*' <' N2/)I1&),*;' 7,+' #Q#)7/,;' &' "$' &/")$,' #0+#*&-,' ("#
4,$%&1&' *"' #C7#+2#$42&' #$' /&' =L!;' -#' 45),' *"*' #*%"-2,*' /#' :&16&$' 4&)12&-,' /&' 32-&' <' #*%&1&
4")7/2#$-,' *"*' *"#V,*8' S' 7+#*#$%I1&),*' &' "$' 7&-+#' :&1/&$-,' -#' /,' ,+0"//,*,' ("#' *#' *#$%6&' -#' *"
:2Q,'("#'*#'&4&1&1&'-#'0+&-"&+'<'-#'/,'&0+&-#42-,'("#'*#'*#$%6&'4,$'/&'"$23#+*2-&-8'J+&$'),)#$%,*
("#'$,*'4,$),36&$'&'%,-,*;'7#+,'*,1+#'%,-,'$,*'+#4,+-&1&$'7,+'("G':&46&),*'/,'("#':&46&),*;'$,*
+#N/#Q&1&'("#'&-#)I*'-#'/,0+&+'$"#*%+,*',1Q#%23,*'4,%2-2&$,*;'%,-,*'%+&1&QI1&),*'Q"$%,*'7&+&'&<"-&+
&'/&*'7#+*,$&*'&'4+#4#+;'&'4+#4#+'4,),'*#+#*':")&$,*8
M&' %+&*4#$-#$42&' #*' %&$' 2)7,+%&$%#' ("#' :&<' #)7+#*&*' ("#' /&' "%2/2D&$' 4,),' 3#$%&Q&' 4,)7#%2%23&;
4,),'#*'#/'4&*,'-#'TSA*'*:,#*;'#C2%,*&'#)7+#*&'-#'3#$%&'-#'D&7&%,*8
>"' 4+#&-,+' 2-#5' "$&' #)7+#*&' 4,$' #/' *20"2#$%#' #*/,0&$?' `L,+' 4&-&' D&7&%,' ("#' $,*' 4,)7+#$;' /#
3&),*'&'+#0&/&+'"$'D&7&%,'&'"$'$2V,'-#')#$,+#*'+#4"+*,*a8'X&*%&'/&'N#4:&':&$'+#0&/&-,')I*'-#'"$
)2//5$'-#'D&7&%,*'&'$2V,*'7,1+#*'<'/&*'7#+*,$&*'7+#N2#+#$'4,)7+&+/#'&'#*%&'4,)7&V6&'*&12#$-,'("#
7&+%#' -#' *"' -2$#+,' 3&' &' 0#$%#' $#4#*2%&-&8' J*' "$' ),-#/,' -#' $#0,42,*' ("#' N"$42,$&' %&$%,' 7&+&' /,*
4/2#$%#*'4,),'7&+&'/,*'#)7/#&-,*8'l)&02$#$'/&'*#$*&425$'-#'%+&*4#$-#$42&'("#'%2#$#$'/,*'#)7/#&-,*
*&12#$-,' ("#' %+&1&Q&$' 7&+&' &<"-&+' &' 0#$%#' *2$' +#4"+*,*' #4,$5)24,*;' ("#' $,' 7"#-#$' *2("2#+&
4,)7+&+*#'"$'7&+'-#'D&7&%,*8

;')7/(
!"#$%&$' ("#' "$' 7&7I' #*%&1&' 4&)2$&$-,' 7,+' /&*' ),$%&V&*' 4,$' *"' :2Q,' 7#("#V,8' J/' 7&7&' *#' &-#/&$%5' "$' 7,4,' <
-#*#*7#+&-,'#/':2Q,'0+2%5?'`7&7Ia'<'#*4"4:5'-#'+#0+#*,?'`L&7I'7&7I'7&7I'7&7I888a8'J/':2Q,'$"$4&':&16&'#*4"4:&-,'#/
#4,'&$%#*'<'*#'*,+7+#$-25')"4:6*2),8'!,$*%#+$&-,'/#'7+#0"$%5?
@EF"G'#*'#*,'("#'*"#$&H
J/'7&-+#'&$%#*'-#'-&+/#'"$&'#C7/24&425$;'*#'7&+5'*,1+#'"$&'72#-+&'<'0+2%5?'`R),+a'<'*#'#*4"4:5'-#'+#0+#*,?'`&),+;
&),+;'&),+Pa'/"#0,'0+2%5?'`,-2,a'<'*#'#*4"4:5'`,-2,;',-2,;',-2,;',-2,888'a8'M"#0,'/#'-2Q,'&/':2Q,?
@M,'("#'#*4"4:&*'#*'#/'#4,'<'#*'4,),'/&'32-&;'/,'("#'%B'#$%+#0&*'%#'+#0+#*&?'*2'#$%+#0&*'&),+;'%#'+#0+#*&'&),+O'*2
#$%+#0&*',-2,;'%#'+#0+#*&',-2,8

!"&$-,':&4#),*'&4%232-&-#*'%+&*4#$-#$%#*'#$%+#0&),*'&),+'&',%+&*'7#+*,$&*'<'/&'32-&O'4,),'#/
#4,;'$,*'-#3"#/3#'#/'&),+;'//#$&$-,'$"#*%+,'4,+&D5$;':&42G$-,$,*'*#$%2+'4,)7/#%,*'<'#*72+2%"&/#*8

G(%0:".(-75)0,%-$,57/(54)-75&907,.()'()"#-7,.0.(

!"3$U'463$>,&$&)$9,+#9&+3$&)$6,#'93$7#)$*&+)3'#)$)&$23(45#'
#$)@$24)2#)B8
<2/(%&=*)(

J$'/&'2/"*%+&425$'iY'*#')"#*%+&'&'"$'#Q#4"%23,'-#*),%23&-,8'J$'*"'%+&1&Q,'$,'*&%2*N&4#'/&'$#4#*2-&-#'&"%,$,)6&;'%,-,'#*'+"%2$&+2,;'$,'%2#$#'$,3#-&-;'$,':&<'$&-&'-23#+%2-,;'4+##'("#'$,'%+&1&Q&'"*&$-,
*"*'%&/#$%,*8'R-#)I*;'*2#$%#'("#'#*%I'#*%&$4&-,;'("#'$,'4+#4#'<;'7&+&'4,)7/24&+'/&*'4,*&*;'*#'323#'"$
4/2)&'/&1,+&/'-#'-#*4,$N2&$D&8'>2#$%#'("#'*"'%+&1&Q,'#*'2$%+&*4#$-#$%#8

+'&5%-"/01,)JF

J$'4&)12,'#$'/&'2/"*%+&425$'if'*#'3#'&'"$'#Q#4"%23,'),%23&-,'("#'%2#$#'"$'Q#N#'("#':&'4+#&-,'"$
#$%,+$,' &0+&-&1/#' ("#' /,' #$%"*2&*)&' 7,+' )#-2,' -#/' %+&1&Q,8' J$' 7+2)#+' /"0&+;' *"' Q#N#' 7+,)"#3#' *"
&"%,$,)6&;'G/'*2#$%#'("#'%,)&')"4:&*'-#'/&*'-#42*2,$#*'("#'&N#4%&$'*"'-#*%2$,8'>"'Q#N#'&-#)I*'4+#&
"$' &)12#$%#' *#0"+,;' -,$-#' /&*' 7#+*,$&*' 7"#-#$' #("23,4&+*#' 7#+,' $,' *,$' 4&*%20&-&*;' *2$,' ("#' *#
&7+#$-#' -#/' #++,+8' >"' Q#N#' :&4#' "$' 0+&$' #*N"#+D,' 7,+' 4,)7&+%2+' %,-&' /&' 2$N,+)&425$' 7&+&' ("#' /&*

7#+*,$&*' #*%G$' #)7,-#+&-&*' 7&+&' -#42-2+8' R-#)I*;' *"' Q#N#' /,' 4,$,4#' 12#$;' *&1#' 4"I/#*' *,$' *"*
%&/#$%,*'<'*#':&'&*#0"+&-,'-#'("#'*"'%+&1&Q,'2)7/2("#'+#%,*'&'/&'&/%"+&'-#'#//,*8'J/'Q#N#'7+,)"#3#'"$
&)12#$%#':,+2D,$%&/;'4#+4&$,;':&<')"<'1"#$&*'+#/&42,$#*'2$%#+7#+*,$&/#*'<'*#'%+&1&Q&'#$'#("27,8'>#
323#' "$' &)12#$%#' -#' *#$%2-,' -#/' :"),+' <' *#' 7+,)"#3#' ("#' /&*' 7#+*,$&*' /,' 7&*#$' 12#$8' J/' Q#N#' :&
4+#&-,' "$&' *#+2#' -#' ,7,+%"$2-&-#*' -#' 4+#42)2#$%,' #$' #/' %+&1&Q,;' +,%&$-,' :,+2D,$%&/)#$%#' &' /&*
7#+*,$&*'7&+&'("#'&7+#$-&$'<'4,$,D4&$',%+&*'I+#&*'4,),'#/'4/"1'-#/'/21+,;'-,$-#'"$&'3#D'&/')#*;'*#
-2*4"%#$'%#C%,*'-"+&$%#'-,*':,+&*8'J/'Q#N#'%,-,'#/'%2#)7,'/#*'+#4"#+-&'/&'%+&*4#$-#$42&'-#'*"'%+&1&Q,;
45),'2)7&4%&'#$'/&'#)7+#*&;'#$'/,*'4,$*")2-,+#*;'#$'/,*'4,/&1,+&-,+#*'<'#$'#/'7&6*8'_2$&/)#$%#;'#/
-2+#4%23,'2$*%&'&'/&*'7#+*,$&*'7&+&'("#'7+,7,$0&$'$"#3&*'N,+)&*'-#':&4#+'/&*'4,*&*;'#*'"$'N&$I%24,'-#
/&'2$$,3&425$8

+'&5%-"/01,)JH

J$'#/'7+2)#+'4&*,'j-#/'#)7/#&-,'-#*),%23&-,k'#/'Q#N#'*2#$%#'("#'*"'+#*7,$*&12/2-&-'#*'4")7/2+'/,*
,1Q#%23,*'-#'/&'#)7+#*&'<'("#'/&*'7#+*,$&*'&'*"'4&+0,'*,$'"$')#-2,'7&+&'"$'N2$8'9,'#$%2#$-#'("#'#*
*"'+#*7,$*&12/2-&-'4+#&+'"$'#$%,+$,'-,$-#'/&*'7#+*,$&*'*#'),%23#$'&'*6')2*)&*'#$'*"*'%+&1&Q,*8
J$' #/' *#0"$-,' 4&*,;' #/' Q#N#' %2#$#' 4/&+,' ("#' *"' +#*7,$*&12/2-&-' #*' 4")7/2+' /,*' ,1Q#%23,*' -#' /&
#)7+#*&;' 7#+,' &-#)I*' &<"-&+' &' N,)#$%&+' "$' #$%,+$,' ("#' &7,<#' &' ("#' /&*' 7#+*,$&*' *#' ),%23#$' &' *6
)2*)&*8'J*%#'Q#N#'*&1#'("#'&/'4+#&+'#*%#'&)12#$%#'$,'*5/,'&<"-&'&/'4")7/2)2#$%,'-#'/,*',1Q#%23,*;
*2$,'("#'&-#)I*'%+&*42#$-#'&/'&<"-&+'&'("#'/&*'7#+*,$&*'("#'%+&1&Q&$'4,$'G/'*#'*2#$%&$'+#&/2D&-&*8
EF"G'%27,'-#'Q#N#'#*'"*%#-H'>2':&*%&':,<':&'*2-,'4,),'#/'7+2)#+'Q#N#')#$42,$&-,;'&:,+&'%2#$#'%,-&*
/&*':#++&)2#$%&*'7&+&'4&)12&+;')#Q,+&+'<'&")#$%&+'/&'),%23&425$'-#'/&*'7#+*,$&*'&'*"'4&+0,8

>2'"*%#-'$,'#*'Q#N#'<'*"'Q#N#'$,'0#$#+&'"$'1"#$'#$%,+$,'7&+&'/&'),%23&425$;'$,'%,-,'#*%I'7#+-2-,8
R:,+&'4"#$%&'4,$'/&*':#++&)2#$%&*'7&+&'7,-#+'4,$3#+*&+'4,$'*"'*"7#+2,+'-#'%&/'),-,'("#'/,'&<"-#'&
7+,),3#+' ),%23&-,+#*' 2$%+6$*#4,*' #$' *"' %+&1&Q,8' T2#$#' /&' :#++&)2#$%&' -#' -#/#0&425$' 7&+&' *,/242%&+
)&<,+' &"%,$,)6&;' 7"#-#' 4,$3#+*&+' *,1+#' *"*' %&/#$%,*' <' *,1+#' ("G' &4%232-&-#*' 7,-+6&' :&4#+' 4,$
)&<,+' N+#4"#$42&' ,' 4"I/#*' 7,-+6&' -#Q&+' -#' :&4#+' 7&+&' #*%&+' )I*' &/2$#&-,' 4,$' #//,*' j*"*' %&/#$%,*k8
L"#-#'*"0#+2+'#*%+&%#02&*'7&+&'4+#&+'"$')#Q,+'&)12#$%#'/&1,+&/;'-,$-#'#C2*%&')&<,+'4,$N2&$D&'#$%+#
%,-,*8'=*%#-')2*),'7"#-#'%+&%&+'-#'2$$,3&+'#$'*"'%+&1&Q,'7&+&'%+&#+/#')I*'$,3#-&-'<'7"#-#'7#$*&+'#$
/&'%+&*4#$-#$42&'-#'*"'%+&1&Q,8'R-#)I*'-#'7+,7,$#+'&4%232-&-#*'-#'&<"-&'*,42&/'7&+&':&4#+'4,$'#/
#("27,8' U#' #*%&' N,+)&;' 7"#-#' 2+' 7+,7,$2#$-,' #*%+&%#02&*' -,$-#' /&' )&<,+6&' -#' /,*' ),%23&-,+#*
2$%+6$*#4,*'*#'2$4,+7,+#$'&/'%+&1&Q,8'9,'-20,'("#'*#&'NI42/;'&'3#4#*'/,*'-2+#4%23,*'*,$'4,)7/24&-,*8
_2$&/)#$%#;'*2'*"'Q#N#'$,'/#'-&'2)7,+%&$42&'&/'%#)&;'-#'"*%#-'-#7#$-#'*#0"2+'-#*),%23&-,','1"*4&+'"$
%+&1&Q,')#Q,+;'-,$-#'"*%#-'*#'*2#$%&'),%23&-,8

G0):0.")M)'")9(%0:"/01,
`EL,+'("G'%2#$#*'("#'*#+'%&$'1+"%,H'>5/,'%2#$#*'("#'#*4+212+'/&*'/#%+&*;'E#*'#*%,'%&$'-2N642/H'EF"G'#-&-'%2#$#*Ha;')#
-2Q,')2')&-+#')"<'),/#*%&'4"&$-,')#'4&*%205'@#$'#/'3#+&$,'("#'4")7/6'$"#3#'&V,*@'7,+':&1#+'*&/2-,'+#7+,1&-,'#$
#/'4"+*,'-#'/#$0"&Q#8'A2'4&*%20,'4,$*2*%25'#$'("#-&+)#'*2$'*&/2+'%,-,'#/'3#+&$,'<'7&*&+'/&*')&V&$&*;'&4,)7&V&-,'-#')2
)&-+#;'7&*&$-,'#$'/2)72,')2*'4"&-#+$,*'4,$'"$&'/#%+&'2)7#4&1/#8'!&-&'3#D'("#')#'#("23,4&1&'+#4216&'"$'+#0/&D,'<'"$
0+2%,'+#4,+-I$-,)#'/,'7,4,'2$%#/20#$%#'("#'#+&8
>&+&;')2')&-+#;'#+&'"$&'7#+*,$&'4,$'7+,1/#)&*'#),42,$&/#*;'<'7,-6&'-#42+'/&*'7&/&1+&*')I*'4+"#/#*'("#'"$,'7"#-#
2)&02$&+8' M&' 3#+-&-' #*' ("#;' /&)#$%&1/#)#$%#;' #//&' 32325' /,' )2*),' -#' $2V&' 4,$' *"' 7+,72&' )&-+#8' A2' )&-+#' #+&' "$&
7#+*,$&' ("#;' 4,),' 4,$*#4"#$42&' -#' *"' 7+,72&' $2V#D;' #+&' )"<' 4,$%+,/&-,+&8' U#' $2V,' &7+#$-6' ("#' <,' $,' 7,-6&' -#42-2+
$&-&O'#//&'-#42-6&'#$'("G'4/&*#*'#C%+&4"++24"/&+#*')#')#%6&;'*2'%,4&1&'#/'5+0&$,','#/'&4,+-#5$;'("2G$#*'-#16&$'*#+')2*
&)20,*' <' ("G' %27,' -#' #$&),+&-&' #*7#+&1&' -#' )68' !,),' +#*"/%&-,' -#' #*%&' $2V#D' %&$' 4,$%+,/&-,+&;' %#+)2$G' *2#$-,' "$
Q,3#$' )"<' 2$*#0"+,8' T"3#' /&' *"#+%#' -#' ("#' )2' 7&-+#' 7&*5' 7,+' "$' ),)#$%,' #4,$5)24,' 1"#$,' <' )#' 7"-,' 7&0&+' /,*
#*%"-2,*'#$'/&'=$23#+*2-&-'e#,+02&'T#4:'-#'J*%&-,*'=$2-,*8'AI*'2)7,+%&$%#'("#'/&'#C7#+2#$42&'"$23#+*2%&+2&;'7&+&')6
#+&' /&' 7,*212/2-&-' -#' %#$#+' &"%,$,)6&' 7,+' 7+2)#+&' 3#D8' R"$("#;' <&' #$' /&' "$23#+*2-&-;' )2' )&-+#' :&1/&1&' 7,+' %#/GN,$,
4,$)20,' "$&' 3#D' 7,+' *#)&$&' 2$%#$%&$-,' )&$%#$#+' #/' 4,$%+,/;' -#' /&' $,4:#' &' /&' )&V&$&' %"3#' *"7"#*%&)#$%#' %,-&' /&
&"%,$,)6&'("#'("#+6&8
L&+&'/2-2&+'4,$')2'%+#)#$-&'2$*#0"+2-&-;'0#$#+G'"$&'4&7&'-#'#0,'020&$%#*4&8'A#'7+,7"*#'*#+'#/')#Q,+'#*%"-2&$%#'-#
/&'N&4"/%&-'-#'2$0#$2#+6&'4232/8'A#'#)7#D5'&'2+')"<'12#$'<')2'#0,'#*%&1&'#C&/%&-,8'T#$6&'("#'*&4&+)#'/&')#Q,+'$,%&;
%#$6&'("#'*#+'#/'&/")$,'4,$'/&*')#Q,+#*'2-#&*'-#'/&'4/&*#8'J$',%+&*'7&/&1+&*;'$,'&*")6')2'&"%,$,)6&O')#'/&':&16&$'-&-,;
7#+,' <,' %,-&36&' *#0"6&' #$' /&' Q&"/&8' K&' $,' #+&' )2' )&-+#' /&' 4&+4#/#+&;' &:,+&' #+&' )2' 7+,72,' #0,' #/' ("#' )#' %#$6&
4,$%+,/&-,8' A2' ),%23&425$' #$' /&' 32-&' #+&' %,%&/)#$%#' #C%+6$*#4&?' /&*' $,%&*' ,' 4&/2N24&42,$#*' <' #/' +#4,$,42)2#$%,' -#' )2*
7&-+#*8'R/'+#0+#*,'-#'/&'"$23#+*2-&-;'-#*7"G*'-#'%+&1&Q&+'"$'7&+'-#'&V,*'#$'"$&'#)7+#*&'-#'2$0#$2#+6&;'N"$-&),*'4,$
)2*'*,42,*'<'&)20,*'$"#*%+&'7+,72&'#)7+#*&?'!21#+%#4;'"$'2$*%2%"%,'-#'4,)7"%&425$8'R:6'*#0"6&'4,$%+,/&-,?')2'7+2$427&/
),%23&-,+'#+&'%#$#+'#/'0+"7,'#4,$5)24,'7#+"&$,')I*'0+&$-#'#'2)7,+%&$%#O'4+#4#+'<'//#0&+'&'%#$#+')2/#*'-#'&/")$,*8
J$' ,%+&*' 7&/&1+&*;' #/' #0,' %,-&36&' #+&' )2' 4&+4#/#+,' <' )2' 4,$%+,/&-,+8' R' /,*' %+#2$%&' <' %+#*' &V,*' %"3#' /&' 0+&$' *"#+%#' -#
7&*&+'"$&'4+2*2*'#),42,$&/'*#3#+&'("#')#'//#35'&'1"*4&+'&<"-&'<'%#+)2$G'4,$*"/%&$-,'&'"$'7*24,&$&/2*%&8'\#4"#+-,'("#

/#'-2Q#'`$,'#$%2#$-,;'%#$0,'%,-,'7&+&'*#+'N#/2D;'%#$0,'#/')#Q,+'&"%,;'%#$0,')2'7+,72&'#)7+#*&;'*,<'#C2%,*,;'%#$0,'/&'4:24&
("#'("2#+,;'7#+,'$,'*G'("G')#'N&/%&'("#'$,'%#$0,'/&'N#/242-&-a8'J$%,$4#*'G/')#'-2Q,?'`U&32-;'/&'N#/242-&-'$,'*#'%2#$#;'/&
N#/242-&-'*#'*2#$%#a8
J)7#4G'"$'7+,4#*,'-#'7*24,&$I/2*2*'-#'4"&%+,'3#4#*'7,+'*#)&$&8'\#4"#+-,'("#'%,-,'#/'-2$#+,'-#')2'*"#/-,'*#'21&
#$'7&0&+/#8'!,),'#+&'*,/%#+,'7,-6&':&4#+/,8'U"+&$%#'/,*'7+2)#+,*'42$4,'&V,*'21&'4"&%+,'3#4#*'7,+'*#)&$&;'<;'/"#0,'#$
"$&'*#0"$-&'#%&7&;'#*%"3#'&*2*%2#$-,'-,*'3#4#*'&'/&'*#)&$&'-"+&$%#'42$4,'&V,*')I*8'J$'/&'%#+&72&')#'+##$4,$%+G'4,$
)2'-,/,+,*,'7&*&-,;'%,)G'4,$42#$42&'-#'/,'4,$%+,/&-,'("#'#*%&1&'7,+')2'#0,;'%,)G'4,$42#$42&'-#'("#')2*'#),42,$#*
#*%&1&$'1/,("#&-&*;')#'/21#+G'-#'/&'#*4/&32%"-'-#/'4,$%+,/8'L,*%#+2,+)#$%#':24#')#-2%&425$;'/,'4"&/')#'&<"-5')"4:6*2),
%&)12G$8
!"&$-,' N"$-&),*' /&' =L!;' /&' =$23#+*2-&-' L#+"&$&' -#' !2#$42&*' R7/24&-&*;' <&' #+&' ,%+&' 7#+*,$&8' K&' $,' ("#+6&
),*%+&+/#' &' $&-2#' ("#' #+&' 4,)7#%#$%#;' $,' :&46&' /&*' 4,*&*' 7,+' #/' +#4,$,42)2#$%,' -#' )2*' 7&-+#*;' #/' #0,' /,' %#$6&' #$' /&
Q&"/&' <' $,' *&/6&8' !"&$-,' #)7+#$-6' /&' =L!;' )2' %+&1&Q,' %#$6&' %,-,*' /,*' ),%23&-,+#*' 2$%+6$*#4,*8' J$' 7+2)#+' /"0&+;' )#
),36&'/&'&"%,$,)6&?')2*'*,42,*'$,*'-2#+,$'&')6'<'&'R/N+#-,'A2+5'F"#*&-&'/&'&"%,$,)6&'7&+&'-#*&++,//&+'/&'"$23#+*2-&-8
A#'*#$%6&'4,)7#%#$%#'7,+("#')2*'%&/#$%,*'#*%I$'+#/&42,$&-,*'&/'#)7+#$-2)2#$%,'<'&'/&'4+#&%232-&-;'<'#/'+#%,'-#'/&$D&+
/&'=L!'#+&'0+&$-#;'7#+,'<,'*&16&'("#'7,-6&':&4#+/,;'#*%&1&'#$'/&'N+&$Q&'-#'N/"Q,'57%2),8
L#+,' &/' 4&1,' -#' %+#*' &V,*' @4,),' <&' #C7/2("G' &$%#+2,+)#$%#@' )#' #)7#4G' &' *#$%2+' -#*),%23&-,8' M&' =L!' :&16&
4+#42-,'<')2'%+&1&Q,'<&'$,'4,$*2*%6&'%&$%,'#$'4+#&+'*2$,'#$',+0&$2D&+;'7/&$2N24&+;',+-#$&+;'#*%&1/#4#+'7+,4#*,*;'Q"*%&)#$%#
)2*' %&/#$%,*' )#$,*' -#*&++,//&-,*8' X&16&' 7&*&-,' -#' /&' N+&$Q&' -#' N/"Q,' 57%2),' -#' ),%23&425$' &' *#$%2+)#' #*%+#*&-,' <
N+"*%+&-,8'A2'*,42&;'A&+2&$&'\,-+60"#D;'&*")25'/&'0#+#$42&'0#$#+&/'-#'/&'"$23#+*2-&-8'J//&'%#$6&'%,-,*'/,*'%&/#$%,*'7&+&
*#+'"$&'0+&$'0#+#$%&'<'<,')#'4+#G')2'7"#*%,?'n24#++#4%,+'-#'l$$,3&425$'<'U#*&++,//,8
A2#$%+&*' #*%"3#' 4,),' 324#++#4%,+' #$' /&' =L!' #)7#4G' &' #*4+212+;' &' -&+' 4:&+/&*;' &' 4+#&+' 4,$N#+#$42&*;' &' :&4#+
4,$*"/%,+6&*'<'-#*4"1+6'("#'#*%#'%+&1&Q,')#'N&*42$&1&8'J$'/&'=L!;'*2'12#$'%#$6&'&"%,$,)6&;'%#$6&'("#'4")7/2+'"$':,+&+2,;
%#$6&' +#7,+%#*' -2+#4%,*' ("#' :&46&$' 2)7,*21/#' *#+' -"#V,' -#' )2' %2#)7,' <' %#$6&' ("#' :&4#+' "$&' *#+2#' -#' &4%232-&-#*
&-)2$2*%+&%23&*'("#'$,')#'0"*%&1&$8'J$%,$4#*'-#42-6'*&/2+'-#'/&'=L!'<'-#-24&+)#'&'%2#)7,'4,)7/#%,'&'/,'("#':&0,':,<
#$'-6&8'X#'%#$2-,')"4:&'*"#+%#;'7#+,'%&)12G$'/,':#'1"*4&-,'<':#'%+&1&Q&-,'-"+,8'X,<'%#$0,'&1*,/"%&'&"%,$,)6&;'*5/,
&4#7%,'4,$*"/%,+6&*'("#')#'7#+)2%&$'&7+#$-#+;'-24%,'"$'$B)#+,'-#':,+&*'+&D,$&1/#;'%#$0,'1&/&$4#'-#'32-&;')#'*2#$%,
4,)7#%#$%#'<'%+&1&Q&$-,'%,%&/)#$%#'#$')2*'%&/#$%,*8'!"&$-,'"$,'7+#7&+&'"$'4"+*,'&7+#$-#')I*'("#'4"&/("2#+&;'*2#$%,
("#'4&-&'-6&'&7+#$-,')I*8'L#+,'#/'),%23&-,+')I*'2)7,+%&$%#'7&+&')6'&:,+&'#*'#/'-#'/&'%+&*4#$-#$42&8'R:,+&'("#')#
N&/%&$'%+#2$%&','4"&+#$%&'&V,*'7&+&'2+)#'-#'#*%#')"$-,'j4,$')"<'1"#$&'*"#+%#k;'#*%,<'4,$3#$42-,'-#'("#'3#$2),*'&'G/
&'*#+32+;'&'&<"-&+;'&':&4#+'/&'-2N#+#$42&'#$'/&'32-&'-#'/,*'-#)I*8'A2'%+&1&Q,;':,<;')#'7#+)2%#':&4#+/,'%,%&/)#$%#8'EF"G
7"#-#' *#+' )I*' %+&*4#$-#$%#' ("#' -24%&+' 4,$N#+#$42&*' -#' &<"-&' 7#+*,$&/' <' :&4#+' /21+,*' 7&+&' ("#' /&*' 7#+*,$&*' <
#)7+#*&*')#Q,+#$H

!"#$%&'()J
G(%0:".(-75)7[%-$,57/(5

;')9(%0:".(-).7')-7/(,(/0907,%(

!S3$ &)$ (#'$ 42*3+(#'(&$ #$ >,4O'$ +&63'36&)Z$ &)$ 2G)$ 42*3+(#'(&

6123$73$A#6&)?$6,G'93$73$A#6&)$I$*3+$>,OB<
<2/(%&=*)(

!,),' )#$42,$G;' /,*' ),%23&-,+#*' #C%+6$*#4,*' *,$' #C%#+$,*' &' /&' &4%232-&-' #$' *6' )2*)&;' #$' /&
&$&/,06&'-#/'&"%,)532/'*#+6&'/&'0&*,/2$&8'J$'#*%#'4&76%"/,'*#'%,4&+I$'/,*'),%23&-,+#*'#C%+6$*#4,*')I*
2)7,+%&$%#*?'+#4,$,42)2#$%,;'#/'-#*#,'-#'0&$&+;'2$4#$%23,*'<'1,$,*'<'#/'4&*%20,8
R:,+&' 12#$;' /,*' ),%23&-,+#*' 2$%+6$*#4,*' %2#$#$' )#Q,+' 4&/2-&-' ("#' /,*' #C%+6$*#4,*8' X#' #C7/24&-,
("#'#*'2)7,+%&$%#'4"2-&+'45),'<'4"I$-,'#$%+#0&+'"$'),%23&-,+'#C%+6$*#4,'7,+("#'7"#-#$'%#$#+'4,*%,*
#*4,$-2-,*8' \#4,+-#),*;' "$&' +#4,)7#$*&' #C%+6$*#4&' #*' -#N2$2-&' 4,),' `4"&/("2#+' 4,*&' ("#' "$&
7#+*,$&'-&'&',%+&'&'4&)12,'-#'*#+3242,*','/,0+,*a^g8
J/'+#4,$,42)2#$%,'#*'4,$*2-#+&-,'"$'),%23&-,+'#C%+6$*#4,'7,+("#'#*'#C%#+$,'&'/&'&4%232-&-'#$'*6
)2*)&8'J$'#*%#'4&*,;'/&'),%23&425$'32#$#'-#'/&*'4,$*#4"#$42&*'("#'*#'-&$'&/':&4#+'"$&'&4%232-&-'<'$,
7,+' /&' &4%232-&-' #$' *6' )2*)&8' L,+' #Q#)7/,;' 4"&$-,' /&' #)7+#*&' +#4,$,4#' &' /&*' 7#+*,$&*' ("#' 323#$
)#Q,+'/,*'3&/,+#*'-#'/&',+0&$2D&425$'#$'"$&'4#+#),$2&'7B1/24&;','4"&$-,'*#':&4#'"$&'7+#)2&425$'&/
#("27,' )I*' 2$$,3&-,+' -#' /&' #)7+#*&;' ,' 4"&$-,' *#' 7+#)2&' &/' )#Q,+' 3#$-#-,+' -#/' &V,8' J*%&*
4#+#),$2&*'-#'+#4,$,42)2#$%,'*#'-&$'4,),'+#*"/%&-,'-#':&4#+'/&'&4%232-&-;'7#+,'$,'*,$'/&'&4%232-&#$'*6')2*)&8
L#+,'*2'#/'+#4,$,42)2#$%,'#*'"$'),%23&-,+'#C%+6$*#4,'E7,+'("G'/,*'%#C%,*'42#$%6N24,*'/,')#$42,$&$
4,),'"$,'-#'/,*'7+2$427&/#*'),%23&-,+#*'-#/'*#+':")&$,H'L,+'#Q#)7/,;'#$'"$&'2$3#*%20&425$'*#'/#*
*,/242%5' &' /,*' 0#+#$%#*' ("#' :242#+&$' "$' +#'N4'%' -#' /,*' -2N#+#$%#*' #/#)#$%,*' ("#' ),%23&$' &' *"*
#)7/#&-,*8' >#' /#*' 72-25' ("#' /#*' 7"*2#+&$' $,%&' -#/' "$,' &/' -2#D' j"$,' #/' )I*' 2)7,+%&$%#' <' #/' -2#D' #/
)#$,*' 2)7,+%&$%#k' &' /&*' &442,$#*' ("#' 4,$*2-#+&1&$' ("#' 7&+&' /,*' *"1,+-2$&-,*' #+&$' N"$-&)#$%&/#*
7&+&'#$%"*2&*)&+*#8'J$'/&'2/"*%+&425$'ii'*#'7+#*#$%&$'/,*'+#*"/%&-,*^^8

+'&5%-"/01,)JJ ][[

S1*#+3#'("#;'7&+&'/,*'0#+#$%#*;'/,*'*&/&+2,*'#+&$'#/'),%23&-,+'$B)#+,'"$,'<'#/'+#4,$,42)2#$%,'N"#
4,$*2-#+&-,'#$'#/',4%&3,'7"#*%,'-#'2)7,+%&$42&8'M,'2$%#+#*&$%#'N"#'4"&$-,'*#':2D,'/&'7+#0"$%&'&'/,*
#)7/#&-,*?' `EF"G' #/#)#$%,*' &' 4,$%2$"&425$' /,*' ),%23&$' )I*' #$' #/' %+&1&Q,Ha8' M,*' *"1,+-2$&-,*
%#$6&$'"$&'7#+4#7425$')"<'-2*%2$%&;'%&/'4,),'*#')"#*%+&'#$'/&'2/"*%+&425$'iZ8

+'&5%-"/01,)JS ][]

L&+&'/,*'#)7/#&-,*'#/'),%23&-,+')I*'2)7,+%&$%#'#$'#/'%+&1&Q,'#+&'#/'+#4,$,42)2#$%,;'<'/,*'*&/&+2,*
#*%&1&$'#$'("2$%,'/"0&+8

J$' /&' )2*)&' /6$#&;' #$' "$&' 2$3#*%20&425$' *#' #$4,$%+5' ("#' *#' -&1&$' #$' #/' %+&1&Q,' *#*#$%&' <' 42$4,
%27,*' -2N#+#$%#*' -#' 2$4#$%23,*8' U#' %,-,*;' #/' )I*' 3&/,+&-,' 7,+' /&*' 7#+*,$&*' #+&' #/' -#' +#4212+' "$
+#4,$,42)2#$%,' -#' *"' Q#N#' #$' #/' -6&' &' -6&8' >,+7+#$-#$%#)#$%#;' ig' 7,+' 42#$%,' -#' /&*' 7#+*,$&*
#$%+#32*%&-&*'4,$%#*%5'("#'$"$4&'+#4216&'-24:,'+#4,$,42)2#$%,][b8
R*2)2*),;'#$'"$'#*%"-2,'+#&/2D&-,'&'-,*')2/'("2$2#$%,*'-,4%,+#*'*#'/#*'72-25'("#'4&/2N24&+&$'@#$
"$&' #*4&/&' -#/' "$,' &/' 42$4,' j*2#$-,' "$,' 20"&/' &' $"$4&' <' 42$4,' 20"&/' &' *2#)7+#k@' #/' *20"2#$%#
#$"$42&-,?' `K,' /#*' :&0,' *&1#+' &' )2*' #)7/#&-,*' 4"&$-,' :&4#$' "$' 1"#$' %+&1&Q,a8' J/' +#*"/%&-,
7+,)#-2,' N"#' -#' f;fO' #*' -#42+;' #//,*' *#' 4,$*2-#+&1&$' )"<' 1"#$,*' +#4,$,42#$-,;' 7"#*' +#*7,$-2#+,$
("#'4&*2'*2#)7+#'/,':&46&$8'>2$'#)1&+0,;'4"&$-,'*#'/#*'7/&$%#5'&'*"*'#)7/#&-,*'#/'#$"$42&-,?
`J/' -,4%,+' )#' :&4#' *&1#+' 4"&$-,' :&0,' "$' 1"#$' %+&1&Q,a;' #/' 7+,)#-2,' N"#' -#' ];hO' #*' -#42+;
4,$*2-#+&+,$'("#'4&*2'$"$4&'/,':&46&$][Y8'J*'2$%#+#*&$%#'3#+'45),'/&*'7#+4#742,$#*'7"#-#$'*#+'%&$
-2*%2$%&*;'7,+'/,'("#'#*'+#&/)#$%#'2)7,+%&$%#'"$2N,+)&+'/,'("#'4,$*2-#+&),*'4,),'+#4,$,42)2#$%,'<
45),':&4#+/,8
M&'#)7+#*&'e&//"7'#$%+#32*%5'&')I*'-#'"$')2//5$'-#'7#+*,$&*'4,$'+#*7#4%,'&/'4/2)&'/&1,+&/'-#'*"
#)7+#*&8'M&'4,$3#+*&425$'2$4/"6&'-#4#$&*'-#'4"#*%2,$&)2#$%,*;'7#+,'&/'N2$&/'/&'#)7+#*&'*#/#442,$5
/&*' -,4#' 7+#0"$%&*' ("#' :&46&$' /&' -2N#+#$42&' #$%+#' #/' 4/2)&' <' 4,)7+,)2*,' -#/' 7#+*,$&/8' U#$%+,' -#
#*%&*' 7+#0"$%&*' #/#02-&*;' "$&' -#' #//&*' #+&' *2' /&*' 7#+*,$&*' +#421#$' +#4,$,42)2#$%,' *#)&$&/8' R*6;
+#*"/%&1&' 2$%#+#*&$%#' 3#+' ("#' #/' +#4,$,42)2#$%,' #*' 4,$*2-#+&-,' 4,),' "$,' -#' /,*' -,4#' 7"$%,*' )I*
2)7,+%&$%#*'&'4,$*2-#+&+'#$'#/'4,)7+,)2*,'-#'/&*'7#+*,$&*':&42&'*"'%+&1&Q,][f8
e,*%24.'<'J/%,$][i;' ("#' :&$' #*4+2%,' 3&+2,*' /21+,*' *,1+#' #/' +#4,$,42)2#$%,;' )#$42,$&$' #$' "$,' -#
#//,*'"$'#*%"-2,'("#')"#*%+&'("#'/,*'#)7/#&-,*')I*'4,)7+,)#%2-,*'*,$'&("#//,*'("#'+#421#$'7,+'/,
)#$,*'"$'+#4,$,42)2#$%,'"$&'3#D'7,+'*#)&$&8'=$':&//&D0,'+#42#$%#'-#/'U#7&+%&)#$%,'-#'T+&1&Q,'-#
J*%&-,*'=$2-,*][Z'+#N2#+#'("#'/&'+&D5$'$B)#+,'"$,'7,+'/&'4"&/'/&*'7#+*,$&*'-#Q&$'*"*'#)7/#,*'$,'#*
#/'*"#/-,'$2'/,*'&*4#$*,*;'*2$,'("#'%#$-+6&'("#'3#+'4,$'("#'$,'*#'*2#$%#$'&7+#42&-,*'#$'*"*'/&1,+#*8
W*%,*' *,$' *5/,' &/0"$,*' #*%"-2,*' -#' 42#$%,*' ("#' -#)"#*%+&$' ("#' /&*' 7#+*,$&*' *#' ),%23&$' 7,+' #/
+#4,$,42)2#$%,8'L#+,'#$'+#&/2-&-'$,'$#4#*2%&),*'/,*'#*%"-2,*'7&+&'#*%&+'4,$3#$42-,*8'ER'("2G$'$,'/#
:&'4&)12&-,'#/'-6&'4"&$-,'*"'Q#N#'/,':&'+#4,$,42-,'#$'#/'%+&1&Q,H'J/'+#4,$,42)2#$%,'),%23&8'L#+,'*2
#/' +#4,$,42)2#$%,' #*' #C%+6$*#4,' $,' -#1#+6&' #$%,$4#*' *#+' 4&/2N24&-,' 4,),' "$' ),%23&-,+' -#' 1"#$&
4&/2-&-;'&"$("#'7&+#42#+&'("#'*6'/,'#*8'M,'2$%#+#*&$%#'#*'*&1#+'#$'("G'4&*,*'/,'#*8
L&+&')6;'#C2*%#$'-,*'%27,*'-#'+#4,$,42)2#$%,*8'J/'7+2)#+'%27,;')#$42,$&-,'&/'2$242,'-#/'4&76%"/,;
#*%I'4,)7"#*%,'7,+'/,*'+#4,$,42)2#$%,*'N,+)&/#*'("#'*#'+#&/2D&$'#$'/&'#)7+#*&'&'%+&3G*'-#/'I+#&'-#
\#4"+*,*'X")&$,*8'W*%,*'*,$'4/&+&)#$%#'#C%+6$*#4,*8
>2$'#)1&+0,;'#C2*%#'#/'+#4,$,42)2#$%,'2$N,+)&/;'&("#/'("#':&4#'#/'Q#N#'#$'#/'-6&'&'-6&'4,$'*"'0#$%#8

L&+&' )6;' #*%#' %27,' -#' +#4,$,42)2#$%,' 7"#-#' :&4#+*#' 4,),' 7&+%#' -#' /&' &4%232-&-;' -#' ),-,' ("#
N&3,+#D4&'/,'2$%+6$*#4,8'J/'+#4,$,42)2#$%,'#$'+#&/2-&-'7"#-#'N&3,+#4#+'%+#*'),%23&-,+#*'2$%+6$*#4,*?
#/'),%23&-,+'-#'/&'4,)7#%#$42&;'#/'),%23&-,+'-#'/&*'+#/&42,$#*'<'#/'),%23&-,+'-#/'&7+#$-2D&Q#8
!"&$-,'"$'Q#N#'$,*'+#4,$,4#'#$'"$&'&4%232-&-;'*2'/,':&4#'-#')&$#+&'&-#4"&-&;'7"#-#'*#+'"$&'N,+)&
-#'-&+$,*'+#%+,&/2)#$%&425$;'-#'),-,'("#'*#7&),*'("#'#*%&),*':&42#$-,'12#$'$"#*%+,'%+&1&Q,;'<'#*%&
2$N,+)&425$'&7,<&'&/'),%23&-,+'-#'4,)7#%#$42&8'>#0B$'!*2.*D#$%)2:&/<2][h;' 7&+&' )&$%#$#+*#' #$' /&
N+&$Q&' -#' N/"Q,' 57%2),' *#' $#4#*2%&' +#%+,&/2)#$%&425$' 4,$*%&$%#8' K' *2' -&),*' +#%+,&/2)#$%&425$;
#)7/#&$-,' "$' #*%2/,' -#' &7,<,' &' /&' &"%,$,)6&;' /,*' +#*"/%&-,*' *#+I$' &B$' )#Q,+#*' j+#4"#+-#' /&*
*"0#+#$42&*'("#'-2),*'4"&$-,':&1/&),*'-#/'&7,<,'&'/&'&"%,$,)6&k8
!"&$-,' "$' Q#N#' $,*' +#4,$,4#' 7,+' 0+&%2%"-;' ,' 7,+' 0#$#+,*2-&-;' 4+#&' "$' #$%,+$,' 7,*2%23,' <' -#
4,$N2&$D&' ("#' +#N"#+D&' /&*' +#/&42,$#*' 2$%#+7#+*,$&/#*8' \#4"#+-#' ("#' #/' ),%23&-,+' 2$%+6$*#4,' -#
+#/&425$'#*%I'32$4"/&-,'&'("#'7,-&),*'%#$#+'7#+*,$&*'4#+4&$&*'#$'#/'%+&1&Q,8'=$'Q#N#'("#'+#4,$,4#
0#$#+&'"$'&)12#$%#'7,*2%23,;'-#'4&/2-#D'<'4,$N2&$D&8
_2$&/)#$%#;'4"&$-,'"$'Q#N#'+#4,$,4#'&'/&'7#+*,$&'#$'"$&'&4%232-&-'/#'+#N"#+D&'/,'("#'#*%I':&42#$-,
12#$;' &<"-&' &' ("#' #/' #)7/#&-,' +#72%&' /&*' 4,$-"4%&*' #*7#+&-&*8' J*%#' +#4,$,42)2#$%,' /#' -#Q&' &/
#)7/#&-,' "$&' *#$*&425$' -#' ("#' #*%I' &7+#$-2#$-,' <' 4+#42#$-,;' ("#' #*' ,%+,' -#' /,*' ),%23&-,+#*
2$%+6$*#4,*'<'("#'+#N"#+D&'("#'$,*'*2$%&),*'4,)7#%#$%#*8
J$'4,$4/"*25$;'#/'+#4,$,42)2#$%,'-#')#Q,+'4&/2-&-;'#*'#/'+#4,$,42)2#$%,'`2$N,+)&/a'("#':&4#'#/
Q#N#'#$'#/'-6&'&'-6&8'M&'7#$&'#*'("#'/,*'Q#N#*'<'0#+#$%#*'$,'/,':&4#$')"<'*#0"2-,8
R'4,$%2$"&425$'-#%&//,'/,*'7+2$427&/#*'),%23,*'7,+'/,*'4"&/#*'/,*'Q#N#*'$,'/#'-&$'2)7,+%&$42&'&/
+#4,$,42)2#$%,;'*#0B$'#/'#*%"-2,'-#'9#/*,$'<'>72%D#+][g?
o'9,'*&1#$'45),':&4#+/,8
o'9,'4,)7+#$-#$'("#'+#4,$,4#+'#*'7&+%#'2)7,+%&$%#'-#'*"'%+&1&Q,8
o'9,'%2#$#$'%2#)7,8
o'T2#$#$')2#-,'-#'("#'&/0"2#$'*#'+#*2#$%&'j/,*'$,'+#4,$,42-,*k8
o'L2#$*&$'("#'/,*'#)7/#&-,*'$,'/,'3&/,+&$'%&$%,8

>#0B$')2'#C7#+2#$42&'4,),'4,$*"/%,+;'/#'&0+#0&+6&'/,*'*20"2#$%#*'),%23,*?
o'J*%I$'%&$'4,$4#$%+&-,*'#$'*"*')#%&*'("#',/32-&$'&'/&*'7#+*,$&*8
o'L2#$*&$'("#'<&'*#'/#*'+#4,$,4#'4,$'#/'*"#/-,8
o'L2#$*&$'("#'*2'-&$'+#4,$,42)2#$%,'4,$')"4:&'N+#4"#$42&;'7#+-#+I'#/'3&/,+'("#'*#'/#'-&'<'("#'7,+'/,'%&$%,'/,*'%+&1&Q&-,+#*'/,'7,-+6&$
-#*3&/,+2D&+8
o' L2#$*&$' ("#' *2' +#4,$,4#$;' /#*' 3&$' &' 7#-2+' &")#$%,' -#' *"#/-,8' o' L2#$*&$' ("#' /&' 7#+*,$&' *#$%2+I' ("#' #*' )#Q,+' ("#' ,%+,*;
*,1+#3&/,+I$-,*#8

F"2*2#+&'7+,N"$-2D&+'#$'&/0"$,*'-#'#*%,*'),%23,*8'L,+'#Q#)7/,;'+#*7#4%,'&'/&'4+##$42&'-#'("#'-&+
)"4:,'+#4,$,42)2#$%,':&4#'("#'G*%#'*#'-#3&/B#'<'72#+-&'2)7,+%&$42&'7&+&'#/'#)7/#&-,8'!&1#'*#V&/&+

("#'#/'+#4,$,42)2#$%,'#*'"$&'N,+)&'-#'0+&%2%"-','0#$#+,*2-&-;'#*'-#42+;'+#/&42,$&-,'&/'&),+;'7,+'/,
%&$%,'#*'2)7,*21/#'("#'*#'-#3&/B#8'ER'("2G$'$,'/#'0"*%&'("#'/#'-#$')I*'&),+H'U#'/,'("#'*6':&<'("#
%#$#+'4"2-&-,'#*'-#'&("#//,'7,+'/,'("#'*#'/#'+#4,$,4#8'!,),'3#+#),*')I*'&-#/&$%#;'*2'*#'+#4,$,4#$
/,0+,*'%+232&/#*','*2)7/#*'7"#-#'//#0&+'&'*#+'7#+Q"-242&/8
F"2DI*' -#' %,-,*' /,*' ),%23,*' )#$42,$&-,*;' #/' ("#' )#' 7&+#4#' )I*' 2)7,+%&$%#' #*' ("#' /,*' /6-#+#*
#*%I$'%&$'4,$4#$%+&-,*'#$'*"*')#%&*'("#'*#',/32-&$'-#'/&*'7#+*,$&*8'!,),'-2+#4%23,*'#*'2)7,+%&$%#
("#' *#' %,)#' 4,$42#$42&' -#' ("#' #/' %+&1&Q,' $,' #*' *5/,' &/4&$D&+' )#%&*O' %&)12G$' #*' N&3,+#4#+' #/
4,)7+,)2*,'<'),%23&425$'-#'$"#*%+,'7#+*,$&/8'M&')#Q,+'#*%+&%#02&'7&+&'("#'#*%,',4"++&'#*':&4#+'("#
#/'%+&1&Q,'4,$'/&*'7#+*,$&*'*#&'7&+%#'-#'/&*')#%&*'<'-#'/,*'-#*&N6,*'("#'$,*'7+,7,$#),*'4,),'Q#N#*8
J*' -#42+;' "$&' ,7425$' #*' )#-2+' /&' ),%23&425$' -#/' 7#+*,$&/' -#' N,+)&' *#)#*%+&/' <' 7#+)2%2+' ("#' /,*
/6-#+#*' *#' &*20$#$' )#%&*' -#' )#Q,+&8' UG),*/#*' /&' 7,*212/2-&-' -#' ("#' *#&$' #//,*' ("2#$#*' 3#&$' ("G
I+#&*'$#4#*2%&$')&<,+'%+&1&Q,;'4"I/#*'("2#+#$'%+&1&Q&+'<'45),':&4#+/,8'>2'$,*'7+,7,$#),*'%+&1&Q&+'#$
/&*'7#+*,$&*'4,),'7&+%#'-#'"$&')#%&'2$%#+#*&$%#'<'4,$'"$'$23#/'&-#4"&-,'-#'-#*&N6,;'%#$-+I')&<,+#*
7+,1&12/2-&-#*'-#'("#'#*%G'#$'#/'+&-&+'-#'/,*'/6-#+#*8'\#4,)2#$-,'3#+'#/'32-#,'-#'/2-#+&D0,'&$2)&-,
("#'7+,N"$-2D&'#$'#/'%#)&'4,$'"$&'-,*2*'-#':"),+8'R("6'3&'#/'/2$.'-#'_&4#1,,.'<'-#'K,"%"1#'7&+&
("#'7"#-&$'1"*4&+/,?
:%%7*?wwddd8N&4#1,,.84,)wU&32-_2*4:)&$c7,*%*wY]ZfgfZ[i]ff[gZ
:%%7*?wwddd8<,"%"1#84,)wd&%4:H37em_MTnp!0
n&/#'/&'7#$&'4,)#$%&+'("#'/&*'7#+*,$&*'("#'+#421#$'+#4,$,42)2#$%,;'-I$-,/,'-#')&$#+&'&-#4"&-&;
0#$"2$&;'*2$4#+&'<',7,+%"$&;'4,$*20"#$'%&)12G$'+#*"/%&-,*'57%2),*'7&+&'/&'#)7+#*&8'!,$'%+&1&Q&-,+#*
)I*' 4,)7+,)#%2-,*;' 4,$' ),%23&-,+#*' -#' )#Q,+' 4&/2-&-;' *#' ,1%2#$#$' )#Q,+#*' +#*"/%&-,*8' J$' "$&
2$3#*%20&425$][^' *#' #$4,$%+5' ("#' /,*' #)7/#&-,*' ("#' +#421#$' +#4,$,42)2#$%,' 3#+*"*' /,*' ("#' $,' /,
+#421#$'%2#$#$?
o'!2$4,'3#4#*')I*'7+,1&12/2-&-#*'-#'*#$%2+*#'3&/,+&-,*8
o'>2#%#'3#4#*')I*'7+,1&12/2-&-#*'-#'("#-&+*#'#$'/&'4,)7&V6&8
o'>#2*'3#4#*')I*'7+,1&12/2-&-#*'-#'4,)7+&+'&442,$#*'-#'/&'4,)7&V6&8
o'S$4#'3#4#*')I*'7+,1&12/2-&-#*'-#'#*%&+'4,)7+,)#%2-,*8

R'4,$%2$"&425$'-,<'&/0"$,*'4,$*#Q,*'7&+&')#Q,+&+'#/'+#4,$,42)2#$%,'`2$N,+)&/a?
*c);:0%7)57-)/(,%-('".(-)/&",.().")&,)-7/(,(/0907,%(?'`},+0#;'%#'N#/242%,'7,+'*"7#+&+'/&*')#%&*'-#'3#$%&*;'#*7#+,'("#'#/'7+5C2),
)#*' %&)12G$' /,' /,0+#*' 4,),' -#1#+6&*a8' J$' #*%#' 4&*,' #/' Q#N#' #*%I' -&$-,' "$' +#4,$,42)2#$%,;' 7#+,' &/' )2*),' %2#)7,' #*%I' *2#$-,
4,$%+,/&-,+;' 4,),' )"#*%+&' /&' 2/"*%+&425$' ih8' T+&%#' #$' %,-,' ),)#$%,' -#' 7+,),3#+' "$' #*%2/,' -#' &7,<,' &' /&' &"%,$,)6&' j+#4"#+-#' /&*
*"0#+#$42&*'("#'-2),*'4"&$-,'%+&%&),*'#*%#'%#)&k8

+'&5%-"/01,)JV
Ec);:0%7)."-)-7/(,(/0907,%()#(-)%-"8"](5)9&M)57,/0''(5)M)509#'758'J*%,'7"#-#'0#$#+&+'/&'*#$*&425$'#$'#/'*"1,+-2$&-,'-#'("#'$,'/,
4,$*2-#+&),*'*"N242#$%#)#$%#'2$%#/20#$%#','4&7&D8'J/'*"1,+-2$&-,'7"#-#'7#$*&+?'`9,'7"#-,'4+##+'("#')#'+#4,$,D4&$'7,+'#*%,a8
Fc)N7/(,(\/")'"5)/(,.&/%"5)()'(5)-75&'%".(5d)#7-(),()&57)".]7%0:(5)6&7)/"'0U06&7,)")'"5)#7-5(,"5d)"&,6&7)57")#(50%0:"97,%78
L,+'#Q#)7/,?'`L#7#;')#'#$4&$%&+,$'%"*'&32*,*'-#'7+#$*&;'#+#*'1+2//&$%#'<'*B7#+'4+#&%23,a8'J$'#*%#'4&*,;'#C2*%#'/&'7,*212/2-&-'-#'("#'/&
7#+*,$&'%#$0&'"$&'2)&0#$'-2N#+#$%#'-#'*6')2*)&'<'$,'*#'4+#&'#/'+#4,$,42)2#$%,8'J$'4&)12,;'*2'-#42),*?'`L#7#;')#'#$4&$%5'%"'&32*,;'#/
%2%"/&+')#'7&+#4#'4+#&%23,'<'/&*'0+IN24&*')#'7&+#4#$')"<',+202$&/#*a;'#*%&),*'-&$-,'$"#*%+&'7#+4#7425$'-#'/,*'+#*"/%&-,*;'&-#)I*'-#
*#+')I*'#*7#46N24,*'4,$'/&'+#%+,&/2)#$%&425$8
Hc) 27-) 75#7/$U0/() /(,) 7') -7/(,(/0907,%() #"-") 6&7) '") #7-5(,") #&7.") "#-7,.7-) 6&@) /(,.&/%"5) 5(,) '"5) 6&7) 57) 75#7-") 6&7
-7#0%"8' L,+' #Q#)7/,?' `T#' N#/242%,;' )#' #$4&$%5' 45),' )&$#Q&*%#' /&' +#"$25$' -#' 3#$%&*a8' J*%#' +#4,$,42)2#$%,' 7,-+6&' )#Q,+&+' *2' /#
#C7/24&),*'&'/&'7#+*,$&'("G':2D,'#$'/&'+#"$25$'-#'3#$%&*'("#'N"#'%&$'7,*2%23,8'L,+'#Q#)7/,?'`T#'N#/242%,;')#'#$4&$%5'45),')&$#Q&*%#
/&*',1Q#42,$#*'-#/'4/2#$%#'#$'/&'+#"$25$;'&-#)I*'N"2*%#'/,'*"N242#$%#)#$%#'&*#+%23,'*2$'4&#+')&/;'%#'N#/242%,'7,+'4#++&+'/&'3#$%&a8
Jc);:0%"-)&5"-)7')-7/(,(/0907,%()"')75%0'()Y5A,.m0/3Z8'A"4:&*'7#+*,$&*'"*&$'#/'+#4,$,42)2#$%,'7&+&'`&1/&$-&+a'/&'4+6%24&8'L+2)#+,
+#4,$,4#$;' /"#0,' *#V&/&$' /&' 4+6%24&' <' /"#0,' %#+)2$&$' +#4,$,42#$-,' &/' N2$&/8' J/' 7+,1/#)&' 4,$' #*%&' )#%,-,/,06&' #*' ("#' *2' "*%#-' /&' "*&
+#0"/&+)#$%#;'/&'7+5C2)&'3#D'("#'-G'"$'+#4,$,42)2#$%,'/&*'7#+*,$&*'$,'/,'3&$'&'#*4"4:&+;'3&$'&'#*%&+'7+#7&+I$-,*#'7&+&'/&'4+6%24&'("#
32#$#'&'4,$%2$"&425$;'%&/'4,),')"#*%+&'/&'2/"*%+&425$'ig8

+'&5%-"/01,)JW
Sc)e-7Bj,%7'7)")5&)B7,%7)/19()'7)B&5%")57-)-7/(,(/0.(c'L,+'#Q#)7/,;'&/0"$&*'7#+*,$&*'7+#N2#+#$'"$'+#4,$,42)2#$%,'&'*,/&*'4,$'#/
Q#N#;'&',%+,*'/#*'#$4&$%&'*#+'+#4,$,42-,*'#$'7B1/24,8'S%+,*'7+#N2#+#$'"$'+#4,$,42)2#$%,'#*4+2%,8'L,+'#Q#)7/,;'#/'+#4,$,42)2#$%,'72#+-#
2)7&4%,' 4"&$-,' &' "$&' 7#+*,$&' %6)2-&' #' 2$%+,3#+%2-&' /&' N#/242%&),*' 7B1/24&)#$%#8' 9,*,%+,*' *#$%2),*' ("#' :&4#),*' /,' )#Q,+' 7&+&' #//&;
7#+,' &/' $,' #$%#$-#+' *"*' $#4#*2-&-#*' /&' #*%&),*' 7#+Q"-24&$-,8' >2' -#42-#' :&4#+' "$' +#4,$,42)2#$%,' 7B1/24,;' +#4"#+-#' /&*' 7&"%&*' 7&+&
:&4#+/,8

\&%:'<'X&+%#+'+#N2#+#$'("#'#$'#/'B/%2),'&$I/2*2*'-#'-2#D')2/'%+&1&Q&-,+#*'("#':&4#'e&//"7'#$'%+#2$%&
%27,*'-#'2$-"*%+2&*]]['/&'4/&3#'-#/'+#4,$,42)2#$%,'#*'("#'*#&'2$-232-"&/2D&-,8'F"#'*#&'*20$2N24&%23,
7&+&'4&-&'7#+*,$&;'("#'*#&'`&'/&')#-2-&'-#'/&'7#+*,$&a!"-#'&4"#+-,'4,$'/&*'7+#N#+#$42&*'-#'("2#$'/&
+#421#;'$,'-#'("2#$'/&'-&8'\#4,)2#$-&'("#'/#*'7+#0"$%#'&'*"*'%+&1&Q&-,+#*'45),'#*'("#'/#'0"*%&'("#
/,'//&)#$;'("G'/#'2$%#+#*&'&'/&'7#+*,$&;'4"I/#*'*,$'*"*'2$%#+#*#*;'-#'("G'/#'0"*%&':&1/&+;'("G'/#'%+&#
#),42,$#*' 7,*2%23&*;' -#' ("2G$' /#' 0"*%&' +#4212+' +#4,$,42)2#$%,;' -#' ("G' )&$#+&' j7B1/24,;' 7+23&-,;
#*4+2%,;',+&/;'#%48k;'4"I/#*'*,$'/,*')#Q,+#*'+#4,$,42)2#$%,*'("#':&'+#4212-,;'#$%+#',%+&*8
J$'/,'("#'+#*7#4%&'&/'+#4,$,42)2#$%,'N,+)&/'-#'+#4"+*,*':")&$,*;'#/'+2#*0,'#*'("#'/&*'7#+*,$&*
4,$32#+%&$' #/' +#4,$,42)2#$%,' #$' /&' )#%&' -#' *"' %+&1&Q,' <' ("#' *#' *2#$%&$' 4,$%+,/&-,*' 7,+' #/
+#4,$,42)2#$%,' #C%+6$*#4,;' 7#+-2#$-,' /&' ),%23&425$' 2$%+6$*#4&8' >2' /&' 0#$%#' *2#$%#' ("#' #*' -#' 32-&' ,
)"#+%#' &/4&$D&+' "$' +#4,$,42)2#$%,;' #*' )"<' 7+,1&1/#' ("#' Q"#0"#' #$' 4,$%+&' -#' /&' ),%23&425$8' M&
*"0#+#$42&'#*'("#'#/'+#4,$,42)2#$%,'$,'3#$0&'&4,)7&V&-,'-#'&/0,'-#'3&/,+'%&$021/#;'4,),'0+&$-#*
32&Q#*' ,' %#/#32*,+#*' 4&+,*;' *2$,' ("#' *#' %+&%#' -#' "$' %#)&' )I*' #),%23,;' -#' +#4,$,42)2#$%,' 0#$"2$,8
R/0"$&*'#)7+#*&*')&$#Q&$')"<'12#$'#*%#'%27,'-#'+#4,$,42)2#$%,;'4+#&$-,'32-#,*'-#'Q#N#*;'7&+#*'<
N&)2/2&+#*'("#':&1/&$'-#'/&'7#+*,$&'+#4,$,42-&8
L,+' ,%+,' /&-,;' *2' $#4#*2%&),*' +#4,$,4#+' &' 7#+*,$&*' ("#' :&4#$' "$' %+&1&Q,' )I*' +"%2$&+2,;' ("#' $,
-2*N+"%&$'/&'&4%232-&-'#$'*6')2*)&;'("#'$,'%2#$#$'),%23&425$'2$%+6$*#4&;'#$%,$4#*'&:6'*#'7,-+6&'"*&+'#/

+#4,$,42)2#$%,' ("2DI*' 4,$' +#4,)7#$*&*' %&$021/#*' j"$' 32&Q#' "' ,%+,*k8' J$' #*%#' 4&*,' $,' #*%&),*
-&V&$-,'$&-&'7,+("#'$,'#C2*%#'),%23&425$'2$%+6$*#4&]]]8

;')-7/(,(/0907,%(),()75)#"-")%(.(5
!"#$%&$'("#'#$'"$&'42"-&-'3236&'"$')&#*%+,'("#'*#':&16&':#4:,'N&),*,'7,+("#'*"*'-2*467"/,*'7+,),36&$'/&'7&D'<
&<"-&1&$' &' /,*' #$N#+),*8' W/' :&16&' *2-,' )#-2&-,+' -#' 4,$N/24%,*' 4,$' 42"-&-#*' 3#42$&*' <' :&16&' /,0+&-,' &4"#+-,*' <
#32%&-,'0"#++&*8'=$'-6&'32$,'#/'0,1#+$&-,+'&'*"'%#)7/,'<'/#'-2Q,'("#'("#+6&',N+#4#+/#'"$')#+#42-,'+#4,$,42)2#$%,'#$'/&
7/&D&' -#' /&' 42"-&-;' N+#$%#' &' %,-,' #/' 7"#1/,8' >"*' -2*467"/,*' #*%&1&$' )"<' 4,$%#$%,*' 4,$' /&' 2-#&;' 7,+("#' :&+6&' )I*
4,$,42-,' #/' %#)7/,' <' #*,' /,*' &<"-&+6&' &' :&4#+' )#Q,+' *"' /&1,+8' >2$' #)1&+0,;' &$%#' /&' *,+7+#*&' -#' /,*' -2*467"/,*' <' -#/
0,1#+$&-,+;'#/')&#*%+,'&0+&-#425'#/'0#*%,'7#+,'$,'&4#7%5'#/'+#4,$,42)2#$%,8
!"&$-,'#/'0,1#+$&-,+'*#'N"#;'/,*'-2*467"/,*'2$%#$%&+,$'7#+*"&-2+'&/')&#*%+,'-#'("#'&4#7%&+&;'7#+,'#/')&#*%+,'*&/25
N"#+&'-#/'%#)7/,'#$'*2/#$42,;'*#)1+5'"$&'*#)2//&'#$'/&'%2#++&'<'/"#0,'/&'+#058'J$'#*#'),)#$%,'/#*'-2Q,'&'/,*'-2*467"/,*
("#'#$'-,*'*#)&$&*'3,/3#+6&$'&':&1/&+'-#/'%#)&8
R' /&*' -,*' *#)&$&*;' /,*' //#35' &' ,1*#+3&+' /&' *#)2//&' ("#' :&16&' *#)1+&-,' <' $,' :&16&' 4"2-&-,8' X&16&' 1+,%&-,' "$&
7#("#V&' :,Q&' 3#+-#;' 7#+,' %&)12G$' :&16&' 1+,%&-,' "$&' 4&$%2-&-' #$,+)#' -#' )&/&' :2#+1&' ("#' #*%&1&' &*N2C2&$-,' /&' :,Q&8
A2+5'&'*"*'-2*467"/,*'<'/#*'-2Q,?
@U#' /&' )2*)&' N,+)&' ("#' /&' )&/&' :2#+1&' 4+#4#' 4,$' #/' &0"&' &7/&*%&$-,' &' /&' 7/&$%&;' #/' #0,' 4+#4#' 4,$' /,*
+#4,$,42)2#$%,*8' K,' $,' ("2#+,' *#+' +#4,$,42-,' <' %#$#+' ("#' /"4:&+' 4,$%+&' )2' #0,8' K,' $,' :&0,' #/' %+&1&Q,' 7&+&' ("#' )#
+#4,$,D4&$;'/,':&0,'7,+'*#+3242,;'7,+'&),+;'7,+("#'#*')2')2*25$'-#'32-&8'K,'("2#+,'("#'*#'2$*72+#$'#$'/,'("#':&4#),*
7&+&'("#'4&-&'-6&')I*'7#+*,$&*'*#'7+#,4"7#$'7,+'&<"-&+8

JC2*%#$'&/0"$&*'7,4&*'7#+*,$&*'("#'$,'("2#+#$'*#+'+#4,$,42-&*8'J*%&*'7#+*,$&*;'4,$'2$4/2$&42,$#*
#*72+2%"&/#*':&4#$'/&*'4,*&*;'4,),'#/')&#*%+,'-#'#*%&':2*%,+2&;'7,+'&),+;'7,+'*#+3242,8'L,+'/,'%&$%,;
+#4,$,4#+'&'#*%&*'7#+*,$&*'7,+'*"',1+&'3&'#$'4,$%+&'-#'/,'("#'("2#+#$'#$'/&'32-&8

!(9#7%0-)#"-")B","-)()/(9#7%0#"-").05U-&%"-

!"#$ 632*&(&'64#$ )#6#$ 73$ 2&R3+$ 9&$ 73)$ *+39,6(3)$ I$ 73$ *&3+$ 9&
7#)$*&+)3'#)B8
,$O:*/*&,$:N*

K/%0:0.".
\#4"#+-#'&/0"$&',4&*25$'#$'/&'("#':&<&'#*%&-,'Q"0&$-,'"$'-#7,+%#'<'4,)72%2#$-,'4,$%+&',%+&'7#+*,$&','#("27,8'EJ$
("G')#-2-&'#/':#4:,'-#'#*%&+'4,)72%2#$-,'/,'),%23&1&;'/#'-&1&'N"#+D&*'<'&-+#$&/2$&H

>2$'-"-&;'4,)7#%2+'#'2$%#$%&+'0&$&+'0#$#+&'),%23&425$8'M&*'#)7+#*&*'"*&$')"4:,'#*%#'),%23&-,+;
0#$#+&$-,' 4,)7#%#$42&*' 2$%#+$&*' -#' 3#$%&*;' 4,)72%2#$-,' 7&+&' 3#+' ("2G$' /,0+&' /,*' )#Q,+#*
2$-24&-,+#*;'#$%+#',%+,*8
!,)7#%2+'7&+&'2$%#$%&+'0&$&+'#*'"$'),%23&-,+'#C%+6$*#4,;'7,+("#'$,'%2#$#'("#'3#+'4,$'/&'%&+#&'#$'*6
)2*)&;'*2$,'4,$'#/'+#*"/%&-,'-#'/&'%&+#&8'J-d&+-'U#42'+#&/2D5'"$&'2$3#*%20&425$'4,$'/,*'4"1,*'*,)&;
*2)2/&+'&'/&')#$42,$&-&'#$'#/'4&76%"/,'-#'),%23&-,+#*'2$%+6$*#4,*w#C%+6$*#4,*8'R'"$'0+"7,'*#'/#'72-25
("#' :242#+&' -2*#V,*' 4,$' /,*' 4"1,*' /,' )#Q,+' ("#' 7"-2#+&8' R' ,%+,' 0+"7,' *#' /#' -2Q,' ("#' #+&' "$&
4,)7#%#$42&' <' ("#' #+&' 2)7,+%&$%#' ("#' /#*' 0&$&+&$' &' /,*' ,7,$#$%#*8' M"#0,' *#' )2-25' /&' ),%23&425$
2$%+6$*#4&'<'*#'#$4,$%+5'("#'&("#//,*'-#/'0+"7,'("#'4,)72%25'+#-"Q#+,$'*"'),%23&425$'2$%+6$*#4&'7&+&
&+)&+'),-#/,*'4,$'/,*'4"1,*]]b8
J$' ,%+,' #*%"-2,' +#&/2D&-,' 7,+' U#42' <' \<&$;' &' "$' 0+"7,' &$%#*' -#' /&' 4,)7#%#$42&' *#' /#' -2,' "$
-2*4"+*,' &0+#*23,;' -,$-#' *#' /#*' *#V&/&1&' ("#' 0&$&+' #+&' %,-,' <' ("#' :&4#+/,' ),*%+&+6&' +#&/)#$%#
("2G$#*'#+&$'<'*#'/#*'7+#*2,$5'7&+&'-#++,%&+'&/',7,$#$%#]]Y8'R'"$'*#0"$-,'0+"7,'*#'/#'-2Q,'("#'#+&'"$&
4,)7#%#$42&;'<'*#'/#*'72-25'("#'-#$'/,')#Q,+'-#'*6')2*),*8'J/'+#*"/%&-,'N"#'2$%#+#*&$%#?'#/'7+2)#+
0+"7,;' &/' 4"&/' *#' /#' -2,' #/' -2*4"+*,' &0+#*23,' <' 4,)7#%2%23,;' +#-"Q,' *"' ),%23&425$' 2$%+6$*#4&' 4,$' /&
%&+#&8' J$' 4&)12,' #/' *#0"$-,;' &/' 4"&/' *#' /#' -2Q,' ("#' -2#+&' /,' )#Q,+' -#' *6' )2*),;' $,' ),-2N245' /&
),%23&425$'2$%+6$*#4&'4,$'/&'%&+#&8
J$' ,%+&*' 7&/&1+&*;' 4"&$-,' #/' :#4:,' -#' 4,)7#%2+' *#' 7/&$%#&' -#' "$&' N,+)&' 4,$%+,/&-,+&;' -&$-,

)"4:,' G$N&*2*' &' 0&$&+;' *#' +#-"4#' /&' ),%23&425$' 2$%+6$*#4&' 7,+("#' %#+)2$&' *2#$-,' "$' )#$*&Q#
4,$%+,/&-,+;'%&/'4,),'*#')"#*%+&'#$'/&'2/"*%+&425$'i^8

+'&5%-"/01,)JX

J$'4&)12,;'*2'%,)&),*'/,*'Q"#0,*'4,)7#%2%23,*'j4,)7#%2+'"$,*'4,$%+&',%+,*k'4,),'"$&'N,+)&'-#
-&+' /,' )#Q,+' -#' $,*,%+,*' )2*),*;' 7"#-#' %#+)2$&+' *2#$-,' 1#$#N242,*,8' !,),' )#$42,$&),*' #$' #/
*"14&76%"/,' *,1+#' #/' ),%23&-,+' 2$%+6$*#4,' -#' 4,)7#%#$42&' j$#4#*2-&-' -#' *#$%2+*#' 4,)7#%#$%#k;' /&
),%23&425$'2$%+6$*#4&'*#'-&'4"&$-,'%#$#),*'"$'+#%,'&'/&'&/%"+&'-#'$"#*%+&*':&12/2-&-#*w%&/#$%,*8'=$&
N,+)&' -#' 2$4+#)#$%&+' #/' -#*&N6,' -#' /&*' %&+#&*' 7"#-#' *#+;' 7,+' #Q#)7/,;' #$+2("#4#+' #/' %+&1&Q,
+#4"++2#$-,'&'Q"#0,*'4,)7#%2%23,*8'U#'#*%&'N,+)&;'*2'#/'%+&1&Q,'#*%I'#)7#D&$-,'&'7&+#4#+'&1"++2-,;
4,)7#%2+'4,$',%+,*'7"#-#'2$4+#)#$%&+'#/'+#%,'<'&<"-&+$,*'&')&$%#$#+$,*'#$'/&'D,$&'-#'N/"Q,'57%2),8
J$%,$4#*;'/,*'Q"#0,*'4,)7#%2%23,*'7"#-#$'*#+'32*%,*'4,),'"$'-#*&N6,;'4,),'"$&',7,+%"$2-&-'-#'/&*
7#+*,$&*' 7&+&' +#%&+*#' &' *6' )2*)&*;' ("#' 7"#-&$' 3#+' #$' ("G' $#4#*2%&$' )#Q,+&+' <;' &/' )2*),' %2#)7,;
-23#+%2+*#'#$'#/'7+,4#*,8'!"&$-,'/&*'7#+*,$&*'*,$'7+#*2,$&-&*'7&+&'0&$&+;'3#),*'("#'/&'),%23&425$
2$%+6$*#4&'*#'3#'&N#4%&-&]]f8

+'&5%-"/01,)SQ

J$' "$&' 2$3#*%20&425$' -#' n&$*%##$.2*%#]]i' +#&/2D&-&' 4,$' %+#*42#$%,*' 4"&%+,' Q"0&-,+#*' -#' NB%1,/' -#
-2N#+#$%#*'4/"1#*;'*#'#$4,$%+5'("#'&("#//,*'("#'("#+6&$'0&$&+/#*'&'/,*'-#)I*'7,+'+&D,$#*'&"%5$,)&*;
#*'-#42+;'7,+("#'*#$%6&$'("#'#+&'"$'-#*&N6,'7&+&'#//,*;'+#7,+%&1&$')&<,+'&N#4%,'7,*2%23,'j#*%&-,'-#
I$2),' 7,*2%23,k' <' 320,+' #$' 4,)7&+&425$' 4,$' &("#//,*' ("#' *#' *#$%6&$' 7+#*2,$&-,*' 7,+' 0&$&+' &' *"*
,7,$#$%#*;' ("2#$#*' +#7,+%&+,$' )&<,+' &N#4%,' $#0&%23,' j#*%&-,' -#' I$2),' $#0&%23,k8' J$' "$' *#0"$-,
#*%"-2,'+#&/2D&-,'7,+'/,*')2*),*'2$3#*%20&-,+#*;'#$4,$%+&+,$'#$'"$&')"#*%+&'-#'-,*42#$%,*'4"&+#$%&
<'42$4,'Q"0&-,+#*'-#'NB%1,/'("#'4"&$-,'/&*'7#+*,$&*'*#'*#$%6&$'7+#*2,$&-&*'&'0&$&+'%#$-6&$'&'3#+'&
*"*',7,$#$%#*'4,),'"$&'1&++#+&'("#'-#1#'3#$4#+*#'&'%,-&'4,*%&;'/,'4"&/'7&+#46&'*#+'"$&'Q"*%2N24&425$
7&+&'&0+#-2+'&'/,*'&-3#+*&+2,*'-"+&$%#'#/'Q"#0,8'J*%,'$,'*"4#-6&'4"&$-,'/&*'7#+*,$&*'("#+6&$'0&$&+
7,+("#'/,'*#$%6&$'4,),'"$'-#*&N6,'7#+*,$&/8
U#42' <' _/&*%#' j<&' #$' ]^^ik' $,*' //&)&$' &' /&' +#N/#C25$' <' &' %#$#+' 4"2-&-,' -#' $,' 4,$3#+%2+' /&
4,)7#%#$42&' #$' "$' %#)&' -#' 0&$&-,+#*' <' 7#+-#-,+#*;' 7"#*' )"4:&*' 3#4#*' #*%,' #*' /,' B$24,' ("#' *#
+#*4&%&'<'*#',/32-&'/&'2)7,+%&$42&'-#'Q"0&+'12#$','*#+'1"#$,*'#$'"$'-#7,+%#8
L,+' #Q#)7/,;' #$' "$&' #)7+#*&' ("#' %#$6&' "$' 4#$%+,' -#' *#+3242,' &/' 4/2#$%#' -,$-#' /&*' //&)&-&*' #+&$
0+&1&-&*;'#/'*"7#+32*,+'-#42-25':&4#+'"$&'4,)7#%#$42&'7&+&'3#+'("G'+#7+#*#$%&$%#*'/#'7,-6&$'`+,1&+a
"$&'*,$+2*&'&/'4/2#$%#8'M&'4,)7#%#$42&'*#'4,)"$245'4,$'"$'G$N&*2*'#$'-&+'/,')#Q,+'-#'#//,*')2*),*8
M&'#*%+&%#02&'N"#'"$'GC2%,'<'&")#$%5'/&'`1"#$&'321+&a'#$'#/'#("27,8
U"+&$%#'&V,*'Q"0"G'%#$2*'<'+#4"#+-,'("#'4"&$-,'#$%+#$&1&'-,*'3#4#*'7,+'*#)&$&')#'-23#+%6&'<'/,
7&*&1&'12#$8'L#+,')2'$23#/'-#'),%23&425$'&")#$%&1&'4"&$-,'Q"0&1&'-,1/#*'/,*'N2$#*'-#'*#)&$&'4,$
)2*'&)20,*8'J+&'"$&'4,)7#%#$42&;'+#&/)#$%#'$,'2)7,+%&1&'("2G$'0&$&+&;'/&'2-#&'#+&'Q"0&+'/,')#Q,+

("#' 7,-6&),*8' A2' $23#/' -#' ),%23&425$' &")#$%&1&' *"*%&$42&/)#$%#;' 7,+("#' %#$6&' &/' N+#$%#' )6,' "$
)&<,+'-#*&N6,'&'/&'7&+'4,$')2':&12/2-&-'#$'#/'%#$2*8
S%+,'#Q#)7/,?'_+#-'#+&'"$&'7#+*,$&'-#'/2)72#D&'#$'/&'#*%&425$'4#$%+&/'-#'%+#$#*'-#'9"#3&'K,+.8
_+#-'#+&'"$'#C7#+%,'2$%"2%23,'-#'/&'),%23&425$8'W/'*&16&'("#'#/'%+&1&Q,'$,'/,'),%23&1&;'("#'*"'/&1,+
#+&' +#7#%2%23&' <' +"%2$&+2&8' L&+&' &")#$%&+' *"' ),%23&425$;' _+#-' 4,)7#%6&' 4,$*20,' )2*),8' M/#3&1&' "$
4"&-#+$,'4,$'#/'+#02*%+,'-#'*"*'7+,72,*'%2#)7,*'7&+&'/2)72&+;'("G'%&$%,'/#'%,)&1&'%+&7#&+;'+#4,0#+'/&
1&*"+&;'/2)72&+'/,*'1&V,*'<'4,)7#%6&'4,$%+&'G/')2*),'7&+&'*"7#+&+/,*8'!,$'#*%,;'G/'&")#$%&1&'#/'+#%,
&'*"'%+&1&Q,'<'#*%,'/,'),%23&1&]]Z8

;')9(%0:".(-).7)'(5)8(,(5)7)0,/7,%0:(5

!"7G2&'73)$6323$>,4&+#'?$73)$4'6&'(453)$A#6&'$(+#8#R#+$2G)$#
7#$%&'(&B8
M*?*4$&J.%:-.).(+
!\&)*&(3$ #$ 7#$ %&'(&$ >,&$ (+#8#R#$ *3+$ &7$ 83'3?$ *&+3$ #924+3$ I
(&'9+G$2&R3+$L,(,+3$7#$%&'(&$>,&$(+#8#R#$*3+$7#$%73+4#B8
3(%F*2&M$)$).'!B&C%(-*"(04(&"(&J*/I(%8;&58$%?
A$4*02$/P%*)$

U#*7"G*'-#'/##+'#/'/21+,':&*%&'#*%#'4&76%"/,;'E#*%I'-#'&4"#+-,'4,$'/&'42%&'-#'92.2%&'c:+"*:4:#3H'J$
)2',72$25$;'7"#-#'*#+'4,++#4%&O'"$'2$4#$%23,'7"#-#':&4#+'%+&1&Q&+')I*'&'/&'0#$%#;'7#+,'4,),':#),*
32*%,'#$'4&76%"/,*'&$%#+2,+#*'%&)12G$'7"#-#'-&V&+'*"'),%23&425$'2$%+6$*#4&8
J$' #/' )"$-,' -#' /&*' #)7+#*&*' )#-2&$&*' <' 0+&$-#*' #/' "*,' -#' 1,$,*' #*' &/0,' ("#' $2' *2("2#+&' *#
-2*4"%#8' M,*' 0#+#$%#*' %2#$#$' /&' 4+##$42&' -#' 92.2%&;' <' 4"&$-,' -#N2$#$' "$' 7"#*%,;' -#N2$#$' %&)12G$' #/
*"#/-,'<'#/'%&)&V,'-#/'1,$,8'AI*'12#$;'&/0"$,*'*#'7+#,4"7&$'-#'("#'#/'1,$,'#*%G'&/2$#&-,'4,$'/,*
,1Q#%23,*'4,++#4%,*'7,+("#'/,'#$4"#$%+&$')"<'7,-#+,*,8
L,+' ,%+,' /&-,;' /,*' #Q#4"%23,*' -#' #*%&*' #)7+#*&*' #*7#+&$' ("#' *"' +#)"$#+&425$' 2$4/"<&' "$' 1,$,' <
#*%I$'&4,*%")1+&-,*'&'("#'/#*'&*20$#$',1Q#%23,*'7&+&'7,-#+'4,$*#0"2+/,'&'N2$'-#'&V,8'n#$'/,*'1,$,*
4,),'7&+%#'-#'*"'+#)"$#+&425$'&$"&/8
F"2*2G+&),*' #$' #*%#' *"14&76%"/,' 4"#*%2,$&+' #/' 7&+&-20)&' -#' /&' 4,$3#$2#$42&' -#' /,*' 1,$,*' <' ("#
*"*7#$-2#+&'*"'Q"242,':&*%&'/##+'/&'#32-#$42&8'9,'#*'NI42/'4"#*%2,$&+'"$'7&+&-20)&'4,$'#/'4"&/':#),*
3232-,')"4:,*'&V,*8
J$' "$' )#%&&$I/2*2*' -#' 42#$%,' 3#2$%2,4:,' #*%"-2,*' ("#' :&$' "%2/2D&-,' #C7#+2)#$%,*' 7&+&' 7+,1&+' /&
+#/&425$' #$%+#' #/' "*,' -#' +#4,)7#$*&*' <' /&' ),%23&425$' 2$%+6$*#4&;' U#42;' c,#*%#$#+' <' \<&$]]h
4,)7+,1&+,$'("#'#/'"*,'-#'+#4,)7#$*&*'%&$021/#*'#N#4%23&)#$%#'-2*)2$"6&'/&'),%23&425$'2$%+6$*#4&8
J*%,' ("2#+#' -#42+' ("#' /&*' +#4,)7#$*&*' 3&$' #$' -#%+2)#$%,' -#' /&' +#&/2D&425$' -#' &442,$#*' ("#' /&*
7#+*,$&*' -2*N+"%#$' ,' /#*' 7&+#D4&$' 2$%#+#*&$%#*8' 9,' ("2#+#' -#42+' ("#' /,*' 1,$,*' $,' N"$42,$#$' #$
%G+)2$,*'-#':&4#+'("#'/&'0#$%#'%+&1&Q#':&42&'"$',1Q#%23,;'7#+,'%2#$#$'"$'4,*%,'N"#+%#8
K&'U#42'<'_/&*%#;'#$']^^i;'*#V&/&1&$'("#'"$&'3#D'("#'"$,':&'#)7#D&-,'&'"*&+'+#4,)7#$*&*'7&+&
4,$%+,/&+'&'/&*'7#+*,$&*'#*')"<'-2N642/'+#%+,4#-#+','+#3#+%2+'/,*'#N#4%,*8'T&/'4,),':&$'-#),*%+&-,'/,*
#C7#+2)#$%,*;' 4"&$-,' /,*' 4,)7,+%&)2#$%,*' *,$' 2$*%+")#$%&/#*' 7&+&' 4,$*#0"2+' +#4,)7#$*&*
),$#%&+2&*' j%&$021/#*k;' #*' -#42+;' 4"&$-,' /&*' 7#+*,$&*' :&4#$' 4,*&*' *5/,' 7&+&' 4,$*#0"2+' #*%&*

+#4,)7#$*&*;'#*%,*'4,)7,+%&)2#$%,*'-"+&+I$')2#$%+&*'/&*'+#4,)7#$*&*'#*%G$'7+#*#$%#*8'S%+,'&*7#4%,
2$%#+#*&$%#'#*'("#'"$&'3#D'("#'/&*'7#+*,$&*'*#',+2#$%#$'&'#*%&*'+#4,)7#$*&*'1"*4&+I$'`/,*'4&)2$,*
4,+%,*a'7&+&',1%#$#+/&*8'J*'-#42+;'/&*'7#+*,$&*'7,-+6&$')&$27"/&+'42#+%&*'*2%"&42,$#*'7&+&',1%#$#+'/&*
+#4,)7#$*&*]]g8
M,*'+#*"/%&-,*'-#/'#*%"-2,'%2#$#$'*#$%2-,8'>2'&'"*%#-'/#'0"*%&'Q"0&+'NB%1,/;'<'<,'/#',N+#D4,'7&0&+/#
3#2$%#'-5/&+#*'7,+'4&-&'7+I4%24&'-#'NB%1,/'("#'-"+#'7,+'/,')#$,*'-,*':,+&*'*#0"2-&*;'#*%,<'*#0"+,'-#
("#'*#'*#$%2+I')I*'4,$%+,/&-,'<'#*%&+I')2+&$-,'#/'+#/,Q;'7#$-2#$%#'-#'4")7/2+'/&*'-,*':,+&*8'F"2DI*'&/
4,)2#$D,'/#'0"*%#'Q"0&+'<'+#4,0#+'*"'-2$#+,;'7#+,'4,$'#/'7&*,'-#/'%2#)7,'<&'$,'*#+I'/,')2*),8'R$%#*
Q"0&1&'/&*'`724:&$0&*a'-#'NB%1,/'4,$'*"*'&)20,*'7,+("#'("#+6&'<'Q"0&1&':&*%&'/&':,+&'("#'/&'-&1&'/&
0&$&8'R:,+&'&$-&'4,$%+,/&-,'7,+'#/'2$4#$%23,8
J$' )2' :&12%&425$' %#$0,' "$&' /I)7&+&' ("#' %2#$#' "$' N,4,' )"<' N"#+%#' <' 7,+' /&*' $,4:#*' -#' 3#+&$,;
4"&$-,' /&' #$42#$-,;' #/' 2$*#4%,' 2$%#$%&' &4#+4&+*#' &' /&' /I)7&+&' &%+&6-,' 7,+' /&' /"D8' J$' *"' 4&)2$,' *#
0,/7#&'3&+2&*'3#4#*':&*%&'("#'N2$&/)#$%#'//#0&'&'/&'/"D'<'%#+)2$&'("#)&-,'7,+'#/'4&/,+'-#'/&'/I)7&+&8
J$'/&*'#)7+#*&*;'#/'7&+&-20)&'("#'#C2*%#'#*'("#'#/'#Q#4"%23,'#*'&%+&6-,'&'+#&/2D&+'"$&'4,$-"4%&'7,+'#/
1,$,','`/&'/"Da'#$'#*%#'4&*,8'!,),'#/'2$*#4%,;'#/'#Q#4"%23,'//#0&'&'*"')#%&;'7#+,'#$'#/'4&)2$,'7"#-#
("#)&+'*"'),%23&425$'2$%+6$*#4&8
R'4,$%2$"&425$;'"$'#Q#)7/,'-#'/,*',1Q#%23,*'-#/'1,$,'-#'"$'0#+#$%#'-#'+#4"+*,*':")&$,*?
o'l)7/#)#$%&+'#/'7/&$'-#'4"/%"+&'-#/'&V,8
Y['7,+'42#$%,'-#/'1,$,8
o'A#Q,+&+'42$4,'7"$%,*'#$'/&'#$4"#*%&'-#'4/2)&'/&1,+&/8
b['7,+'42#$%,'-#/'1,$,8
o'l)7/#)#$%&+'#/'7+,0+&)&'-#'*"4#*25$8
Y['7,+'42#$%,'-#/'1,$,8
o'U2*)2$"2+'#$'b['7,+'42#$%,'/&'+,%&425$'"*&$-,'`#'#7I(46)a8
b['7,+'42#$%,'-#/'1,$,8

R/'N2$&/'-#/'&V,;'*#'#3&/B&$'/,*',1Q#%23,*'<'*#'/#'-&'&/'#Q#4"%23,'#/'1,$,'("#'/#'4,++#*7,$-#8'>2
4")7/#'%,-,*'/,*'+#("#+2)2#$%,*'+#421#'"$'1,$,'-#'42$4,'*"#/-,*8
J/'/&-,'7,*2%23,'-#/'1,$,'#*'("#'-#N2$#'4/&+&)#$%#'/,*',1Q#%23,*8'M&*')#%&*;'4,),'3#+#),*')I*
&-#/&$%#'#$'#/'/21+,;'*,$'7,*2%23&*'<'&<"-&$'&'),%23&+'&'/&*'7#+*,$&*8
EL#+,' 7&+&' ("G' %#$#),*' ("#' &*20$&+' "$' 1,$,' #$' &4%232-&-#*' -,$-#' /&' 7#+*,$&' #*%I' ),%23&-&
2$%+6$*#4&)#$%#'7&+&':&4#+/&*H'R'"$'0#+#$%#'-#'+#4"+*,*':")&$,*'$,+)&/)#$%#'/#'N&*42$&$'/,*'%#)&*
-#'4/2)&;'4"/%"+&'<'7/&$'-#'*"4#*25$8'>2'#$'/&'#)7+#*&'/#'7,$#$'"$'1,$,'7&+&'#*%,*'%#)&*;'#/'#Q#4"%23,
*#$%2+I'("#'72#+-#'&"%,$,)6&8'J*%&+I'*2$%2G$-,*#'4,$%+,/&-,'7,+'#/'-2$#+,'7&+&'+#&/2D&+'&4%232-&-#*
("#'$,+)&/)#$%#'/#'&7&*2,$&$;'4,),'#/'#Q#)7/,'&$%#+2,+'-#/'NB%1,/8'ET2#$#'*#$%2-,H
>2' "*%#-' "*&' #/' 1,$,' 7&+&' 4,)7/#)#$%&+' #/' *"#/-,' -#/' #Q#4"%23,' <' 4,$*#0"2+' "$&' +#)"$#+&425$

&$"&/'-#%#+)2$&-&;'#*')#Q,+'*#7&+&+'/&*'4,*&*8'U#Q&+'/,*',1Q#%23,*'7,+'"$'/&-,'<')I*'12#$'4,$*2-#+&+
#/'),$%,'-#/'1,$,'4,),'"$&'-2*%+21"425$'-#'"%2/2-&-#*'*2'&'/&'#)7+#*&'/#'3&'12#$8
R:,+&;'#*'7,*21/#'("#'&/'0#+#$%#'-#'+#4"+*,*':")&$,*'/#'&1"++&','$,'/#'2$%#+#*#'%+&1&Q&+'#$'&/0"$,*
-#'/,*',1Q#%23,*;'4,),;'7,+'#Q#)7/,;'+#-"42+'/&'+,%&425$'#$'b['7,+'42#$%,'"*&$-,'`#'#7I(46)a8'>2'#$
#*%#',1Q#%23,'#/'0#+#$%#'#*%I'-#*),%23&-,;'7+,1&1/#)#$%#;'$,'7#+-&),*'$&-&'&*20$&$-,'"$'1,$,'7&+&
*"'4")7/2)2#$%,;'<&'("#'$,'#C2*%#'),%23&425$'2$%+6$*#4&'#$'/&'&4%232-&-8'J*')I*;'#*'7,*21/#'("#'#/
1,$,' :&0&' ("#' /&' 7#+*,$&' *#' ),%23#' #C%+6$*#4&)#$%#' &' +#&/2D&+' #/' ,1Q#%23,' <' &' N"%"+,' /#' #)72#4#' &
0"*%&+','4,$*2-#+&+/,'2)7,+%&$%#8
J$'"$&'2$3#*%20&425$]]^'*#'1"*45'&'7#+*,$&*'("#'//#3&1&$'"$&'32-&'7,4,'*&/"-&1/#O'#*'-#42+;'("#
4,$*")&$')#$,*'-#'42$4,'N+"%&*','3#0#%&/#*'7,+'-6&;'&/')#$,*'g'7,+'42#$%,'-#'0+&*&'*&%"+&-&'<'("#
+#&/24#$')#$,*'-#'*#*#$%&')2$"%,*'-2&+2,*'-#'-#7,+%#'<'("#'#*%G$'*#$%&-,*')I*'-#'$,3#$%&')2$"%,*
-#%+I*' -#' "$&' 7&$%&//&' #$' *"*' 4&*&*8' EJ*' "*%#-' "$,' -#' #//,*H' R' /,*' 7&+%2427&$%#*' *#' /#*' %,)5' "$&
7+"#1&'-#'),%23&425$'7,+'#/'-2$#+,;'*#'/#*'7"*,'#$'"$'+G02)#$'*&/"-&1/#'<'*#'/#*',N+#425'"$'2$4#$%23,
*2'/,'/,0+&1&$8'L,*%#+2,+)#$%#;'*#':2D,'"$&'#3&/"&425$'N2$&/'7&+&'3#+'("G'7#+*,$&*':&16&$'4,$%2$"&-,
4,$'/,*':I12%,*'*&/"-&1/#*'#$'#/'%2#)7,8
>#' #$4,$%+5' ("#' &("#//,*' ("#' #+&$' /,*' )I*' ),%23&-,*' 7,+' #/' -2$#+,;' "$&' 3#D' ("#' %#+)2$5' #/
2$4#$%23,'$,'4,$%2$"&+,$'4,$'/,*':I12%,*'*&/"-&1/#*8'J$',%+&*'7&/&1+&*;'$,'%,-,*'*,),*'20"&/#*'4,$
+#*7#4%,' &/' -2$#+,;' :&<' 7#+*,$&*' ("#' 7,+' -23#+*,*' ),%23,*' *,$' )I*' ,+2#$%&-&*' &' 4,$*#0"2+/,' ("#
,%+&*8
!"&$-,' "*&),*' 1,$,*' 4,$' 7#+*,$&*' )"<' ,+2#$%&-&*' &/' -2$#+,;' #*' 7+,1&1/#' ("#' 4#$%+#$' %,-&' *"
&%#$425$' #$' #/' -2$#+,' -#/' 1,$,' <' -#Q#$' -#' ,1%#$#+' *&%2*N&4425$' 2$%+6$*#4&' 7,+' /&' &4%232-&-' #$' *6
)2*)&8'J$'4&)12,;'&("#//&*'7#+*,$&*'$,'%&$'),%23&-&*'7,+'#/'-2$#+,;'&'7#*&+'-#'%#$#+'"$'1,$,;'#*
7+,1&1/#'("#'*20&$'4,$4#$%+&-&*'<'),%23&-&*'7,+'#/'%+&1&Q,'#$'*6')2*),8
L,+' ,%+,' /&-,;' %&)12G$' #C2*%#$' 2$3#*%20&42,$#*' ("#' -#)"#*%+&$' ("#' #/' "*,' -#' +#4,)7#$*&*' $,
*2#)7+#'#*'$#0&%23,;'-#7#$-#'-#/'#$%,+$,'#$'("#'*#'-#$8'J$'"$'#*%"-2,'+#&/2D&-,'4,$'$,3#$%&'<'*#2*
#*%"-2&$%#*]b[;'*#'#$4,$%+5'("#'4"&$-,'*#'-&1&'"$'2$4#$%23,'-#'N,+)&'$,'4,$%+,/&-,+&'#$'"$'4,$%#C%,
-,$-#'*#'7+,),36&'/&'&"%,$,)6&'<'*#'-&1&'+#%+,&/2)#$%&425$;'$,')#+)&1&'/&'),%23&425$'2$%+6$*#4&8
L,+'#Q#)7/,;'#$'/"0&+'-#'-#42+/#'&/'#Q#4"%23,;'`*2':&4#*'#*%,888'%#'-,<'&("#//,888a;'#*')#Q,+'-#42+/#
`("#+#),*'-&+%#'#*%#'7+#)2,'&/'#*N"#+D,'("#':&*'7"#*%,'7,+'&/4&$D&+'%"*')#%&*'<'7,+'#/'-#*#)7#V,'<
7+,0+#*,' ("#' :&*' %#$2-,a8' J/' 4,$4#7%,' #*' #/' )2*),;' 7#+,' #/' /#$0"&Q#' #*' )#$,*' 4,$%+,/&-,+8
R-242,$&/)#$%#;' *2' /#' 7#-2),*' /&' ,72$25$' &/' #Q#4"%23,' *,1+#' *"*' )#%&*' #$' /"0&+' -#' *2)7/#)#$%#
2)7,$#+/&*;'#*%,'&<"-&'&'0#$#+&+'"$&'*#$*&425$'-#')&<,+'&"%,$,)6&8
!#+&*,/2;'924./2$'<'_,+-]b]'%+&*'"$'#*%"-2,'+#42#$%#'+#4,)2#$-&$'("#'#*'2)7,+%&$%#'4,$*2-#+&+'("G

%27,'-#'4,)7,+%&)2#$%,*'*,$'/,*'("#'*#'("2#+#$'7+,),3#+8'!"&$-,'*#'-&'2)7,+%&$42&'&/'2$4#$%23,;'*#
7+,)"#3#'-2+#4%&)#$%#'"$'%27,'-#'4,)7,+%&)2#$%,'j7,+'#Q#)7/,'/&'4,$-"4%&'k;'-#'%&/'),-,'("#'*#
2$%#$*2N24&'#*#'4,)7,+%&)2#$%,':&42&'"$&')#%&'j`L,+'4&-&''("#':&0&;'#*')"<'4/&+,'#/'2$4#$%23,'("#
+#4212+G' <' 4"I$-,' /,' +#4212+Gak8' J*%,' *#' +#4,)2#$-&' 4"&$-,' /&' %&+#&' #*' *2)7/#;' ,' 4"&$-,' *5/,
7+#,4"7&'/&'7+,-"4%232-&-8'`!"&$-,'/,*'2$4#$%23,*'*,$')&<,+#*'<'4,1+&$')I*'2)7,+%&$42&;'#/'%+&1&Q,
#$' #("27,' <' /&' 4+#&%232-&-' 7"#-#$' 3#+*#' 7#+Q"-24&-,*;' /&' ),%23&425$' 2$%+6$*#4&' <' *"' 3&/,+' #$' #/
-#*#)7#V,'7"#-#$'3#+*#'-#*7/&D&-,*;'<'#*'7+,1&1/#'("#'&7&+#D4&$'4,)7,+%&)2#$%,*'7,4,'G%24,*'<
4,$%+&7+,-"4#$%#*8' !"&$-,' *#' 3&/,+&' /&' 4+#&%232-&-;' /&' &"%,$,)6&;' #/' %+&1&Q,' #$' #("27,;' #/
&7+#$-2D&Q#;' #/' 4,)7,+%&)2#$%,' G%24,;' #/' 12#$#*%&+' <' /&' 4&/2-&-;' #*' )#Q,+' ("#' /,*' 2$4#$%23,*' *#
N,+)"/#$'-#')&$#+&')#$,*'7+,)2$#$%#?'J*')#Q,+'("#':&0&'12#$'4&-&'4,)7,+%&)2#$%,';'7,+("#'#/
2$4#$%23,'7"#-#'$,'#*%&+'/20&-,'4,$'"$'*,/,'4,)7,+%&)2#$%,'a8'M,*')2*),*'&"%,+#*'#$4"#$%+&$'("#
/&' ),%23&425$' 2$%+6$*#4&' #*' "$' )#Q,+' 7+#-24%,+' -#' /&' 4&/2-&-' -#/' -#*#)7#V,;' )2#$%+&*' ("#' /,*
2$4#$%23,*'7"#-#$'*#+'"$')#Q,+'7+#-24%,+'-#'/&'4&$%2-&-'-#/'-#*#)7#V,8
J$'4,$4/"*25$;'4"#*%2,$#'*"'*2*%#)&'-#'1,$,*'<'#3&/B#'#$'("G')#-2-&'/#'#*%I'-&$-,'"$'1,$,'&'"$&
7#+*,$&' ),%23&-&' 2$%+6$*#4&)#$%#' 7,+' *"*' ,1Q#%23,*8' \#N/#C2,$#' &4#+4&' -#' /&' 7,*212/2-&-' -#
4,)7&+%2+' "%2/2-&-#*' #$' /"0&+' -#' &*20$&+' 1,$,*8' \#4"#+-#' ("#' :&<' 7#+*,$&*' ("#' %2#$#$' -2N#+#$%#*
&7#%2%,*'7,+'#/'-2$#+,8'R("#//,*')"<'),%23&-,*'7,+'#/'-2$#+,'7#+-#+I$'/&'),%23&425$'2$%+6$*#4&'&$%#
/&',N#+%&'-#'"$'1,$,;'<'-#Q&+I$'-#':&4#+'/&*'4,$-"4%&*'4"&$-,'#/'1,$,'$,'#C2*%&8'_2$&/)#$%#;'*2'-#42-#
*#0"2+'4,$'*"'*2*%#)&'-#'1,$,*;'2$%#$%#',%,+0&+/,*'-#'"$&'N,+)&')I*'&"%5$,)&'<')#$,*'4,$%+,/&-,+&8
J32%#' #*%&+' +#4,+-I$-,/#' N+#4"#$%#)#$%#' &/' #Q#4"%23,' ("#' *2' $,' 4")7/#' #/' ,1Q#%23,;' $,' +#4212+I' *"
1,$,8

!&0.".()/(,)'(5)0,/7,%0:(5
J$'"$'I+#&'-#'/&'L,/246&'#$'J*%&-,*'=$2-,*'#*%&1&$'7+#,4"7&-,*'7,+("#'/&*'7&%+"//&*'$,'42+4"/&1&$'7,+'#/'3#42$-&+2,
<'#*%&1&$'&")#$%&$-,'/,*'+,1,*8'J/'4,)2*&+2,'%"3,'/&'#C4#/#$%#'2-#&'-#'4+#&+'"$'2$4#$%23,'7&+&':&4#+'("#',*'7,/246&*
#)7#D&+&$'&')&$#Q&+'7,+'/&*'4&//#*8'U#42-25'7&0&+'"$&'4&$%2-&-'7,+'4&-&'.2/5)#%+,'+#4,++2-,8'`U#'#*%&'N,+)&'@7#$*5
#/' 4,)2*&+2,@' ),%23&+G' &' )2' 0#$%#' 7&+&' ("#;' #$' 3#D' -#' ("#-&+*#' #$' "$' /"0&+;' 42+4"/#$' <' 4,$%+,/#$' #/' 4+2)#$a8' J/
2$4#$%23,' N"$42,$5;' /,*' .2/,)#%+&Q#*' &")#$%&+,$' *"*%&$42&/)#$%#;' #/' B$24,' 7+,1/#)&' #+&' ("#' /,*' 7,/246&*;' #$' /"0&+' -#
#*%&+'7&+&-,*;'&:,+&'-&1&$'3"#/%&*'&/'7&+("#'*2$'7&+&+8

R$%#*'-#'-&+'1,$,*'#'2$4#$%23,*'+#N/#C2,$#')"<'12#$'&4#+4&'-#'/&*'4,$-"4%&*'("#'0#$#+&+I8

;')/"5%0B()/(9()7')9(%0:".(#-7.0'7/%().7)'(5)#".-75

!W7$ *39&+$ &)$ 9&$ 93)$ (4*3)<$ X'3$ )&$ 38(4&'&$ *3+$ &7$ 24&93$ #7
6#)(4%3$I$&7$3(+3$*3+$#6(3)$9&$#23+<$W7$*39&+$8#)#93$&'$&7$#23+
&)$ 247$ 5&6&)$ 2G)$ &L&6(453$ I$ *&+2#'&'(&$ >,&$ &7$ *39&+$ >,&
*+354&'&$9&7$24&93$#7$6#)(4%3B8
@$.$4/$&>$0".*

!,),' 7&-+#*;' "*&+' #/' )2#-,' &/' 4&*%20,' #*' /&' N,+)&' )I*' $&%"+&/' ("#' %#$#),*' 7&+&' /,0+&+' ("#
$"#*%+,*':2Q,*':&0&$'/,'("#'4,$*2-#+&),*'("#'#*'4,++#4%,8'9,*'+#*"/%&'$&%"+&/'7,+("#'$"#*%+,*'7&-+#*
/,' :242#+,$' 4,$' $,*,%+,*8' EF"2G$' $,' :&' &7+#$-2-,' -#' "$' 1"#$' 4&*%20,' 7&+&' -#Q&+' -#' :&4#+' "$&
4,$-"4%&H' !,),' <&' )#$42,$G;' &' )6' )#' 4&*%20&+,$' -"+&$%#' /,*' %+#*' )#*#*' -#' 3&4&42,$#*' -#' 3#+&$,
7,+("#')2'/#%+&'#+&'%#++21/#8'A#':242#+,$'7&*&+'#$'/2)72,')2*'4"&-#+$,*'4,$'1"#$&'/#%+&'<'$,'*&/6'-#
)2'4&*&'%,-,'#/'3#+&$,8'EA#Q,+5')2'/#%+&H'>2$'-"-&;'/,0+G'"$&'/#%+&'2)7#4&1/#'7,+'&/0"$,*')#*#*'<
/"#0,'3,/36'&'#*4+212+'4,$'"$&'/#%+&'%#++21/#8
J/' 4&*%20,' 2)7/24&' /&' +#&/2D&425$' -#' "$&' 4,$-"4%&' N+#$%#' &' ,%+&' ("#' $#4#*2%&' *#+' 4,++#02-&' ,
),-2N24&-&8' >#' -24#' ("#' &/0"2#$' )#+#4#' "$' 4&*%20,' 4"&$-,' /&' 7#+*,$&' :&' 4,)#%2-,' "$&' &4425$
+#7+,4:&1/#8'J/'4&*%20,'7"#-#'//#3&+'4,$*20,'"$'-,1/#')#$*&Q#8'L,+'"$'/&-,;'#*'"$')G%,-,'7#$*&-,
7&+&'4,++#02+'-#%#+)2$&-&'4,$-"4%&8'L,+'#Q#)7/,?'`L,+'//#0&+'1,++&4:,;'$,'*&/#*'"$')#*a8'L#+,;'7,+
,%+,' /&-,;' #/' 4&*%20,' 7"#-#' *#+' "$&' +#7+#*&/2&' 4,$' 4,$*#4"#$42&*' $#0&%23&*8' L,+' #Q#)7/,?' `>2' $,
:&4#*'/&'%&+#&;'$,'*&/-+I*'#/'N2$'-#'*#)&$&a8
J/'4&*%20,'$,*'),32/2D&'7,+("#'&4%"&),*'7&+&'#32%&+/,8'J*'-#'#*%&')&$#+&'("#'#/'4&*%20,'/,0+&'*#+
"$' ),%23&-,+;' <&' ("#' 7+#32#$#' /&' +#&/2D&425$' -#' 42#+%&*' 4,$-"4%&*' <w,' 2)7/24&' ("#' "$,' 4,++2Q&
-#%#+)2$&-&'4,$-"4%&'7&+&'#32%&+'/&*'4,$*#4"#$42&*'$#0&%23&*'("#'#/'4&*%20,'%#$-+6&;'*2'#*'("#'32#$#8
>2$'#)1&+0,;'#/'4&*%20,'%+&#'4,$*20,'"$&'*#+2#'-#'+#*7"#*%&*'("#'$,'*,$'1#$#N242,*&*8'L,+'#Q#)7/,;
"$&' -#' /&*' N,+)&*' -#' 4&*%20,' )I*' -&V2$&*' #*' #/' N6*24,' ,' 4,+7,+&/' #$' /,*' :,0&+#*]bb8' J*%#' %27,' -#
4&*%20,'0#$#+&')"4:,'%#),+'<'#*%+G*'<'7,+'#*,'%#+)2$&'*2#$-,'#N242#$%#'#$'#/'4,+%,'7/&D,]bY8
>2$'#)1&+0,;'#/'4&*%20,'4,+7,+&/'%2#$#'4,$*#4"#$42&*'2$-#/#1/#*'#$'/&'*&/"-')#$%&/;'&'4,+%,'<'/&+0,
7/&D,'j2$4/"*,'#$'/&'&-"/%#Dk8'e#+*:,NN'jb[[bk'#$'"$')#%&&$I/2*2*'4,)7+,15'("#'#/'4&*%20,'4,+7,+&/
-2*)2$"<#'/&'2$%#+$&/2D&425$'),+&/'<'/&'*&/"-')#$%&/;'2$4+#)#$%&'/&'&0+#*25$'-#/'$2V,'&*6'4,),'/&*
4,$-"4%&*' &$%2*,42&/#*' <' -#/2$4"#$42&/#*;' &")#$%&' #/' +2#*0,' -#' *#+' 364%2)&' -#' &1"*,' N6*24,;

2$4+#)#$%&'/&'7,*212/2-&-'-#'&0+#*25$'<'4+2)2$&/2-&-'#$'/&'&-"/%#D;'<'&")#$%&'#/'+2#*0,'-#'&1"*,'-#
*"'7+,72,':2Q,','*"'45$<"0#'#$'#/'N"%"+,8
L#+,;'#$')2',72$25$;'4&*%20,*'4,),'#/'0+2%,;'/&'N&/%&'-#'+#*7#%,'<'/&':")2//&425$'*,$'%&$'-&V2$,*
4,),' #/' 4&*%20,' N6*24,8' J$' )2' 4&*,;' )#' %,)5' -2#D' &V,*' -#' %#+&72&' 7&+&' +#4"7#+&+' /&' &"%,$,)6&
7#+-2-&'#$')2'$2V#D'7,+'#*%#'%27,'-#'4&*%20,*8
=$&'+#4,)#$-&425$'7&+&'/,*'7&-+#*'<'7+,N#*,+#*'#*'("#'#$'/"0&+'-#':&1/&+'-#'4&*%20,*'4,$3#+*#$
4,$'#//,*'j:2Q,*','#*%"-2&$%#*k'&4#+4&'-#'/&*'4,$*#4"#$42&*'-#'*"*'&442,$#*8'L#+)6%&/#*'N,+)&+'7&+%#
-#'/&*'4,$3#+*&42,$#*'#$'/&*'("#'`$#0,42#$a'/&*'4,$*#4"#$42&*'-#'/&*'&442,$#*;'("#'$,'*2#$%&$'("#
G*%&*'*,$'2)7"#*%&*'-#*-#'&++21&'j7,+'7&-+#*','7+,N#*,+#*k;'*2$,'("#'G/','#//&'%&)12G$'N,+)&$'7&+%#
-#/'7+,4#*,8'J$'4&-&'4&*,;'%+&%#'-#'-&+'"$&'#C7/24&425$'-#'7,+'("G'*#'-&$'#*&*'4,$*#4"#$42&*]bf8
9&-2#'-"-&'-#'/&'$#4#*2-&-'-#'-&+'"$'4&*%20,',4&*2,$&/)#$%#;'/,'2)7,+%&$%#'#*'45),'/,':&4#),*
7&+&' )2$2)2D&+' *"*' -&V,*O' 7#+,' +#4"#+-#' ("#' #*' )#Q,+' ("#' :&1/#),*' -#' 4,$*#4"#$42&*' <' ("#
&<"-#),*'&'$"#*%+,*':2Q,*'j,'&/")$,*k'&'&*")2+'/&'+#*7,$*&12/2-&-'-#'/&*'&442,$#*'("#':&4#),*;'&*6
4,),'*"*'4,$*#4"#$42&*8

!"#$%&'()S
K&%(7U0/"/0")M)97%"5

K&%(7U0/"/0"4)&,")/-77,/0")6&7)9(%0:"

!P4$6+&&)$>,&$*,&9&)?$I#$&)(G)$#$24(#9$9&$6#24'3B8
G(2"2%(&=22-(+(84

+'&5%-"/01,)S*

n,/32#$-,'&'/&'&$&/,06&'-#/'&"%,;'G*%#'7"#-#'&3&$D&+'4,$',%+,'%27,'-#'#$#+06&*;'4,),'/&'0+&3#-&-8
M&*'%#,+6&*'-#'/&*'4+##$42&*'-#'&"%,#N24&42&'<'/&*')#%&*'%&)12G$'#C7/24&$'/&'),%23&425$8

K/%0:0.".
\#N/#C2,$#'*,1+#'&/0"$&'&4%232-&-'("#':&4#'#$'*"'%+&1&Q,','#$'*"'32-&'7#+*,$&/'#$'/&'4"&/'$,'*#'*2#$%#'&"%,#N24&D8
EF"G'%&$'),%23&-,'*#'#$4"#$%+&'7&+&':&4#+/&'$"#3&)#$%#'#$'#/'N"%"+,H

!"&$-,' $,' $,*' *#$%2),*' &"%,#N24&4#*' #$' &/0"$&' &4%232-&-' 7#+-#),*' /&' ),%23&425$' 7&+&' :&4#+/&

$"#3&)#$%#8' >#0B$' R/1#+%' p&$-"+&;' #/' 4+#&-,+' -#' #*%&' %#,+6&;' /&' &"%,#N24&42&' *#' +#N2#+#' &' /&*
4+##$42&*'#$'$"#*%+&*'7+,72&*'4&7&42-&-#*'7&+&',+0&$2D&+'<'#Q#4"%&+'/&*'&442,$#*'$#4#*&+2&*'7&+&'#/
/,0+,'-#'+#*"/%&-,*'#*7#+&-,*]bi8
EF"G'7&*&'4"&$-,'$,*'*#$%2),*'2$#N24&4#*H'T#$-#),*'&'#32%&+'*2%"&42,$#*'("#'4,$*2-#+&),*'("#
*"7#+&$' $"#*%+&*' 4&7&42-&-#*]bZ8' >2' /&' 7#+*,$&' *#' *2#$%#' 7,4,' 4,)7#%#$%#' #$' N6*24&;' %#$-#+I' &' $,
7&+%2427&+' #$' /&*' -2*4"*2,$#*' -#' /&' 4/&*#;' ,' &' $,' 2$*4+212+*#' #$' 4"+*,*' +#/&42,$&-,*8' S' *2' *#' *2#$%#
7,4,' 4,)7#%#$%#' #$' -#%#+)2$&-,*' -#7,+%#*;' %+&%&+I' -#' #32%&+/,*O' <' *2' $,' *#' *2#$%#' 4,)7#%#$%#' #$
4"&$%,'&'*"'4+#&%232-&-;'%+&%&+I'-#'#32%&+'%,-&'%&+#&'("#'2$3,/"4+#'#*%&':&12/2-&-8'R/'*#$%2+$,*')#$,*
4,)7#%#$%#*;' *#' %#+)2$&' &N#4%&$-,' $"#*%+,' 7+,72,' -#*&++,//,]bh8' J$' ,%+&*' 7&/&1+&*;' *2' #$' #/' 7&*&-,
$,*' *#$%2),*' 7,4,' #N24&4#*' #$' "$&' &4%232-&-;' &*")2),*;' &' 3#4#*' #("23,4&-&)#$%#;' ("#' *#+#),*
2$#N24&4#*'#$'#/'N"%"+,8
J*'2)7,+%&$%#'$,%&+'("#'/&'&"%,#N24&42&'#*'"$'4,$4#7%,'-2*%2$%,'&'/&'&"%,#*%2)&8'M&'&"%,#*%2)&'#*%I
+#/&42,$&-&'&'/&'3&/,+&425$'#),42,$&/'0#$#+&/'("#':&4#'/&'7#+*,$&'-#'*6')2*)&8'J$'4&)12,;'/&'%#,+6&
-#'/&'&"%,#N24&42&'*#'+#N2#+#'&'"$'-,)2$2,'#*7#46N24,'<'&'"$&'&4%232-&-8'L,+'#Q#)7/,;'/&'2/"*%+&425$'Zb
)"#*%+&'&'"$'0#+#$%#'-#'4,$%&12/2-&-'("#'*#'*2#$%#'%,%&/)#$%#'&"%,#N24&D':&42#$-,'N/"Q,*'-#'4&Q&8

+'&5%-"/01,)SE

>2$' #)1&+0,;' 4"&$-,' &' #*%&' 7#+*,$&' /#' %,4&' &*2*%2+' &' +#"$2,$#*' *,42&/#*;' 4,),' )"#*%+&' /&
2/"*%+&425$'ZY;'*#'*2#$%#'%,%&/)#$%#'2$#N24&DO'*5/,'7#$*&+'("#'%2#$#'("#'&*2*%2+'&'"$'#3#$%,'-#*7"G*'-#
/&',N242$&'/,'-#*),%23&8

+'&5%-"/01,)SF

M&'&"%,#N24&42&'#*'"$&'%#,+6&'-#'/&'),%23&425$'("#'%2#$#')"4:,'*"*%#$%,'42#$%6N24,8'J$'"$'#*%"-2,;
*#' -#),*%+5' ("#' &("#//&*' 7#+*,$&*' ("#' *#' *2#$%#$' &"%,#N24&4#*' 7&+&' +#&/2D&+' 42#+%&*' %&+#&*' *#
-#*#)7#V&$')#Q,+;'7#+*2*%#$')I*'<'#$N+#$%&$')#Q,+'/&'&-3#+*2-&-]bg8'J$',%+,'#*%"-2,'*#'#$4,$%+5'("#
&("#//&*' 7#+*,$&*' ("#' *#' *2#$%#$' )I*' #N24&4#*' 4,$' +#*7#4%,' &' "$&' %&+#&;' #/20#$' ,1Q#%23,*' -#' )&<,+
-2N24"/%&-;')"#*%+&$')I*'4,)7+,)2*,;'7#+*#3#+&$42&'<'0#$#+&$'46+4"/,*'32+%",*,*'-#'-#*#)7#V,]b^8
M&'%#,+6&'-#'/&'&"%,#N24&42&'-#'p&$-"+&'#*'"$&'%#,+6&'-#'`*#$%2-,'4,)B$a8'>2'"$&'7#+*,$&'%2#$#'/&
4+##$42&'-#'("#'#*'4,)7#%#$%#':&42#$-,'"$&'&4%232-&-;'#*%&+I')I*'),%23&-&'7&+&':&4#+/&8'J*%&'%#,+6&
#*%I' +#/&42,$&-&' &/' ),%23&-,+' 2$%+6$*#4,' -#' 4,)7#%#$42&8' J$' #/' 4&76%"/,' -#/' ),%23&-,+' -#
4,)7#%#$42&')#$42,$&),*'("#'/&*'7#+*,$&*'*#'),%23&$')I*'4"&$-,'#*%I$'#$'"$'+#%,'&'/&'&/%"+&'-#'*"*
%&/#$%,*;'#$'/&'N+&$Q&'-#'N/"Q,'57%2),8'!"&$-,'"*%#-'#*%I'#$'N/"Q,'57%2),;'*#'*2#$%#'&"%,#N24&D'<'0#$#+&
/&'4+##$42&'-#'&"%,#N24&42&8
S%+,'&*7#4%,'2$%#+#*&$%#'#*'("#'/&*'7#+*,$&*'("#'*#'4,$*2-#+&$'#N24&4#*'/,0+&$'7#$*&+'-#')&$#+&
#N242#$%#'&$%#'*2%"&42,$#*'-#'#*%+G*]Y[8'_+#$%#'&'-#%#+)2$&-&*'%&+#&*;'*2'$,*'*#$%2),*'2$#N24&4#*'$,*
4#$%+&+#),*' #$' /&*' -#N242#$42&*' <' *#$%2+#),*' &$*2#-&-' <' &$0"*%2&8' L,+' ,%+,' /&-,;' *2' $,*' *#$%2),*
&"%,#N24&4#*;'/,0+&+#),*'4,$%+,/&+'/&'&$*2#-&-'<'/&'&$0"*%2&'7"#*'$,*'4#$%+&+#),*'#$'&("#//,'("#'*6
7,-#),*':&4#+'<'$,'#$'/&*'/2)2%&42,$#*'$2'#$'/&'-"-&8
EL#+,'("G',4"++#'4"&$-,'"*%#-'$,':&':#4:,'/&'&4%232-&-;','/&':2D,'#$'#/'7&*&-,'<'$,'/#'N"#'12#$H
E!5),'*#'7"#-#'0#$#+&+'"$&'4+##$42&'-#'&"%,#N24&42&'("#'$,*'),%23#'&':&4#+/&H

!"&$-,'%#$6&'Y^'&V,*;'<&':&16&':#4:,'42$4,'&V,*'-#'7*24,&$I/2*2*'<'%#$6&'"$'&V,'-#')#-2%&425$8'R
#*%&'#-&-')#'32$,'/&'2$("2#%"-'-#'("#+#+'4,)7&+%2+'%,-,'/,'("#':&16&'-#*4"12#+%,;'("#+6&'&<"-&+'&'/&*
7#+*,$&*'<'&'/&*'#)7+#*&*'&'%+&%&+')#Q,+'&'*"'7#+*,$&/8'>#')#',4"++25'/&'2-#&'-#'#)7#D&+'&'#*4+212+
&+%64"/,*'#'2$%#$%&+'7"1/24&+/,*'#$'/,*'7#+25-24,*8
>2'12#$'#*%&1&'),%23&-,'7,+'/&'%+&*4#$-#$42&'-#'/,'("#'("#+6&':&4#+;')#'*#$%6&'%,%&/)#$%#'2$#N24&D
4,),'#*4+2%,+8'U"+&$%#'#/'4,/#02,;'#/'+&),'-#'/#$0"&Q#'N"#')2'7#,+'4"+*,'<'/"#0,':&16&'#*%"-2&-,'"$&
4&++#+&' #$' 2$0#$2#+6&' -,$-#' $#4#*2%&1&' 4&/4"/&+' )I*' ("#' #*4+212+8' !"&$-,' 4,)#$4G' &' +#-&4%&+' )2
7+2)#+' &+%64"/,' #$' ]^^h;' )#' *#$%6&' 4,),' *#' )"#*%+&' #$' /&*' 2/"*%+&42,$#*' Zf' <' Zi?' 4,$' 0&$&*' -#
:&4#+/,;' 7#+,;' &' /&' 3#D;' 4,$' N&*%2-2,;' #*%+G*;' $,' )#' *#$%6&' 4,)7#%#$%#' 7&+&' #*%#' +#%,;' )I*' 12#$' )#
*#$%6&'%,+7#8

+'&5%-"/0(,75)SH)M)SJ

\#4"#+-,'("#'#*4+216')2'7+2)#+'&+%64"/,'<'*#'/,'),*%+G'&')2'#*7,*&8'J//&'4,$')"4:&'-#/24&-#D&')#
-2Q,'/&*'4,*&*'1"#$&*'<')#'&<"-5'&'&++#0/&+'/&*'4,*&*'("#'%#$6&'("#')#Q,+&+8'A#'-2Q,'("#':&16&':#4:,
"$' 1"#$' %+&1&Q,8' M,' )&$-G' &/' -2&+2,' W7$032&+643' <' *#' 7"1/2458' n#+' )2' &+%64"/,' 7"1/24&-,' )#' :2D,
*#$%2+'*&%2*N#4:,;'),%23&-,;')#':2D,'#)7#D&+'&'2$%#+$&/2D&+'/&'4+##$42&'-#'("#'*6'7,-6&':&4#+/,8
U#*7"G*'-#'7"1/24&+'4#+4&'-#'-,4#'&+%64"/,*;'<&'$,')#'*#$%6&'2$4,)7#%#$%#'&/'4,$%+&+2,;'#)7#D&1&
&'-2*N+"%&+/,8'A#'32*2%5'#/'Q#N#'-#'/&'*#4425$'#4,$5)24&'-#'W7$032&+643'<')#'-2Q,'("#')2*'&+%64"/,*
*#':&16&$'4,$3#+%2-,'#$'/,*')I*'/#6-,*8'J*%#'/,0+,'+#N,+D5')2'4+##$42&'-#'&"%,#N24&42&'4,$'+#*7#4%,'&
#*4+212+;'%&/'4,),')"#*%+&'/&'2/"*%+&425$'ZZ8

+'&5%-"/01,)SS

!,$'#*%&'4+##$42&'#$')2')#$%#;'-#42-6'%,)&+'#/'+#%,'-#'#*4+212+'"$'/21+,8'R/'4,)2#$D,'$,')#'N"#
NI42/'<')#'3,/36'&'*#$%2+'#*%+#*&-,;'N&*%2-2&-,'#'2$4,)7#%#$%#8'L#+,'4"&$-,' W7$032&+643' <' /&' =L!
7"1/24&+,$'#/'/21+,;'G*%#'N"#'"$'GC2%,;'7"#*'*#'3#$-2#+,$'*#%#$%&'<'-,*')2/'#Q#)7/&+#*'#$'"$&'7+2)#+&
#-2425$'#$'L#+B8'A#'#)7#4G'&'*#$%2+'&"%,#N24&D'#*4+212#$-,'/21+,*;'%&/'4,),')"#*%+&'/&'2/"*%+&425$
Zh8

+'&5%-"/01,)SV

R:,+&;'4"&$-,'#*4+21,'/21+,*'*2#$%,'("#'#$%+,'&'/&'N+&$Q&'-#'N/"Q,'57%2),8'M&'2/"*%+&425$'Zg')"#*%+&
)2'4&)2$,'#$'#/'4"&-+,'-#'N/"Q,'57%2),8'R/'2$242,;'4"&$-,'#*4+216')2'7+2)#+'&+%64"/,;'#*%&1&'#$'/&

D,$&' -#' /&' &$*2#-&-;' 4,$' "$' +#%,' 7,+' #$42)&' -#' )2*' %&/#$%,*;' $,' )#' *#$%6&' #N24&D8' R' )#-2-&' ("#
#)7#4G'&'%#$#+'7#("#V,*'/,0+,*;'N"#'4&)12&$-,')2'4+##$42&;'N"2'-#*&++,//&$-,')2'%&/#$%,'<'7&*G'&'/&
N+&$Q&' -#' N/"Q,' 57%2),' #*4+212#$-,' &+%64"/,*8' L#+,' /"#0,' )#' %+&4G' "$' -#*&N6,' )I*' 0+&$-#;' ("#' N"#
#*4+212+'"$'/21+,;'#*%"3#'$"#3&)#$%#'#$'/&'D,$&'-#'&$*2#-&-;'7#+,'7,4,'&'7,4,;'4,$')2*'/,0+,*;'N"2
0#$#+&$-,'/&'4+##$42&'-#'&"%,#N24&42&'$"#3&)#$%#'<'&-#)I*'-#*&++,//&$-,')2'%&/#$%,'7&+&'#*4+212+;
:&*%&'("#'3,/36'&'#*%&+'#$'/&'N+&$Q&'-#'N/"Q,'57%2),8

+'&5%-"/01,)SW

>2'"*%#-'#*'Q#N#'<'("2#+#'),%23&+'&'*"'*"1,+-2$&-,'7&+&'("#':&0&'"$&'$"#3&'&4%232-&-;'+#4"#+-#'("#
G/'3&'&'#*%&+')"4:,')I*'),%23&-,'*2'/,0+&'2$%#+$&/2D&+'/&'4+##$42&'-#'&"%,#N24&42&8'L&+&'#*%,;'&/'2$242,
&<B-#/,' ,N+#42G$-,/#' +#%,*' ("#' /#' 7#+)2%&$' &/4&$D&+' 7#("#V,*' /,0+,*' 4,$' *"' $"#3&' &4%232-&-8
U#*&N6,*'("#'/#'7#+)2%&$')#Q,+&+;'("#'*#&$'7,*21/#*;')&$%#$0&'"$&'*"7#+32*25$'4#+4&$&'&/'2$242,'<
&<B-#/,'&'/,0+&+/,*8'>,$'/,*'7#("#V,*'/,0+,*'/,*'("#':&+I$'("#'#/'*"1,+-2$&-,'%#$0&')I*'4,$N2&$D&
#$' *"*' :&12/2-&-#*;' 7,+' /,' %&$%,' )&<,+' ),%23&425$;' <' %#+)2$#' 2$%#+$&/2D&$-,' /&' 4+##$42&' -#
&"%,#N24&42&8
p&$-"+&'//&)5'&'/&'#*%+&%#02&'-#'7#("#V,*'/,0+,*'`#C7#+2#$42&'-2+#4%&a]Y]8' J*' -#42+;' //#3&+' &' /&
7#+*,$&'&'&++2#*0&+*#'&'+#&/2D&+'/&'&4%232-&-'#$'"$'#$%,+$,'-,$-#'7"#-&'&/4&$D&+'7#("#V,*'/,0+,*8

!(,:0-%07,.()&,)Y,()6&07-(Z)7,)YM()#&7.(Z
L#-+,;' #/' 0#+#$%#' 4,)#+42&/' -#' "$&' #)7+#*&' -#' +&(#47;' %#$6&' &' *"' 4&+0,' 3&+2,*' Q#N#*' 4,)#+42&/#*;' ("2#$#*' *#
#$4&+0&1&$'-#'4,)7+&+'/&')#+4&-#+6&'&'/,*'7+,3##-,+#*8'>"*'N"$42,$#*'21&$'-#*-#'1"*4&+'$"#3,*'7+,3##-,+#*':&*%&
$#0,42&+')#Q,+#*'%G+)2$,*'7&+&'/&'#)7+#*&8'=$,'-#'#*%,*'Q#N#*'+#$"$425'<'&'L#-+,'*#'/#',4"++25'),3#+':,+2D,$%&/)#$%#
&'}"&$;'("2#$'%+&1&Q&1&'#$',7#+&42,$#*;'&/'I+#&'4,)#+42&/8'L#-+,'3#6&'#$'}"&$'"$'0+&$'7,%#$42&/;'#+&'"$&'7#+*,$&')"<
4+#&%23&'<'*#'/#',4"++6&$')"<'1"#$&*'2-#&*8'W/'#*%&1&'*#0"+,'-#'("#'%#$-+6&'"$'0+&$'-#*#)7#V,'#$'*"'$"#3,'7"#*%,8
L#+,'}"&$'$,'("#+6&',4"7&+'-24:&'3&4&$%#8'R'}"&$'$,'/#'0"*%&1&'$#0,42&+;'4,$*2-#+&1&'("#'$,'#+&'1"#$,':&42G$-,/,'<
$"$4&' :&16&' %#$2-,' #C7#+2#$42&' #$' $#0,42&42,$#*8' L#-+,' /#' *"02+25' &' }"&$' ("#' $,' -#Q&+&' *"' 7"#*%,' &B$;' 7#+,' ("#' /,
&4,)7&V&+&'&'"$&'+#"$25$'4,$'"$'4/2#$%#'-,$-#'/#'-&+6&'/&'7,*212/2-&-'-#'$#0,42&+8'L+#32&)#$%#;'L#-+,'4&7&42%5'&'}"&$
#$'$#0,42&42,$#*'#':2D,'3&+2,*'Q"#0,*'-#'+,/#*'4,$'G/8'L#-+,'/,'//#35'&'"$&'+#"$25$'("#'2)7/24&1&'"$&'$#0,42&425$'NI42/
7&+&'("#'}"&$'7"-2#+&'%#$#+'*"'7+2)#+'/,0+,8'R/'N2$&/'-#'/&'+#"$25$;'$,'*5/,':&16&'$#0,42&-,'12#$;'*2$,'("#'%&)12G$'/#
:&16&'*"0#+2-,'$"#3,*'7+,-"4%,*'&/'7+,3##-,+'4,$'#C4/"*232-&-'7&+&'/&'4&-#$&8'!,$'#*%&'7+2)#+&'#C7#+2#$42&'-2+#4%&;
}"&$'0&$5'4,$N2&$D&'<'-#42-25'2+*#'&'%+&1&Q&+'&/'I+#&'4,)#+42&/8'R/'2$242,;'L#-+,'*20"25'&7,<I$-,/,':&*%&'("#'}"&$'*#
4,$32+%25'#$'"$'#C4#/#$%#'$#0,42&-,+'<'%#+)2$5'),%23&-,'7,+'/&'&4%232-&-8
;')9"75%-()Y(5".(Z
=$'-2*467"/,'2$%#$%&1&'4,$3#$4#+'&'*"')&#*%+,'-#'("#'<&'#*%&1&'/2*%,'7&+&'&1+2+'"$'%#)7/,'#$',%+,'7&6*8'J/')&#*%+,'/#
-#46&?'<,'%#'&32*&+G'4"I$-,'#*%G*'/2*%,;'7#+,'#/'-2*467"/,'#+&')"<'2$*2*%#$%#8
=$'-6&'#*%&1&$'4&)2$&$-,'&/'/&-,'-#'"$&'72*42$&'#$'#/'7"#1/,'<;'#$'#/'),)#$%,')#$,*'7#$*&-,;'#/')&#*%+,'/#'-2,'"$
#)7"Q5$'&/'-2*467"/,'<'G*%#'4&<5'&/'&0"&8'J/'-2*467"/,'$,'*&16&'$&-&+'<'#)7#D5'&'&:,0&+*#;')2#$%+&*'#/')&#*%+,'*5/,'/,
,1*#+3&1&8'M,*',%+,*'-2*467"/,*'/#'-#46&$'&/')&#*%+,'("#':242#+&'&/0,'7,+'&<"-&+/,;'7#+,'G/'*#'/2)2%&1&'*5/,'&')2+&+/,8'R/
4&1,' -#' "$' )2$"%,' -#' 2$%#$%&+' )&$%#$#+*#' &' N/,%#;' #/' -2*467"/,' *#' :"$-258' M,*' -#)I*' #*%&1&$' &$,$&-&-,*;' 45),' #/
)&#*%+,'7,-6&'*#+'4+"#/'<'&:,0&+'&'"$&'7#+*,$&8'L#+,'-#'7+,$%,'#/'-2*467"/,'1&Q,'#/'&0"&'*&/25'-#'0,/7#'&'/&'*"7#+N242#'<
%,)5' &2+#8' R/' :"$-2+*#' *#' :&16&' -&-,' 4"#$%&' -#' ("#' #+&' )"<' 1&Q,' #/' 72*,' #$' /&' 72*42$&' <' ("#' $,' #*%&1&' #$' 7#/20+,8
A2#$%+&*'#/'-2*467"/,'*#'+#4"7#+&1&;'#/')&#*%+,'/#'-2Q,?'`TB'2$*2*%#*'#$'("#'%#')&$-#'&',%+,'7&6*;'#*,'#*'4,),'%2+&+%#'&/
&0"&' 7#+,' #$' /&' D,$&' 7+,N"$-&8' L,+' &:,+&' %#' #*%,<' #$*#V&$-,' &' $&-&+' &4I;' #$' "$' #$%,+$,' *#0"+,' <' 4,$' 7,4&
7+,N"$-2-&-;'7&+&'("#'/"#0,'7"#-&*'$&-&+'7,+'%"'4"#$%&'-,$-#'("2#+&*'#$'#/')"$-,a8

J*%&' :2*%,+2&' #*' /&' #*#$42&' -#' /&' &"%,#N24&42&8' !,),' Q#N#*' #*' 2)7,+%&$%#' -&+/#' `72*,a' &' $"#*%+&
0#$%#;' :&<' ("#' 4"2-&+' -#' $,' )&$-&+/,*' &' $&-&+' &/' &0"&' 7+,N"$-&' -#*-#' "$' 2$242,8' J/' 72*,' *20$2N24&
#*%&+'7+#*#$%#;'-#'),-,'("#'#/'+#%,'2$242&/'$,'*#&'N"#+%#;'-&+/#'+#%+,&/2)#$%&425$'4,$*%&$%#'7&+&'("#
4,$*20&'*"'7+2)#+'/,0+,'<'7,4,'&'7,4,'3&<&'2$%#+$&/2D&$-,'/&'4+##$42&'-#'&"%,#N24&42&'("#'/,'),%23#
#$'#/'N"%"+,8

O()6&07-()/(97-)7')5"'91,)/-&.(

!H$5&6&)$)173$8#)(#$5&+$&7$&R&2*73$9&$,'#$*&+)3'#$239&7#'93
,'#$63'9,6(#$*#+#$>,&$'3)3(+3)$'3)$23(45&23)$#$A#6&+7#<
W7$&R&2*73$&)$,'$%+#'$23(45#93+B8
'$+*"&,*-)./$0

2"8(-7"-)"):7/75)%07,7)7U7/%(5)09#-7.7/08'75
J*%I1&),*' #$' "$' +#*%&"+&$%#' Q&7,$G*' <' )2' #*7,*&' <' <,' 7#-2),*' *&/)5$' 4+"-,8' F"#+6&),*' ("#' $"#*%+,' :2Q,' R/#C
7+,1&+&' "$' 7,4,;' 7#+,;' 4,),' -24#' #/' %6%"/,' -#/' *"14&76%"/,;' G/' +#*7,$-25' &' $"#*%+&' 2$32%&425$' -#' )&$#+&' %&Q&$%#?' `9,
("2#+,'4,)#+'#/'*&/)5$'4+"-,a8'T+&%G'-#'7#+*"&-2+/,'-#'("#'%"32#+&'"$&'#C7#+2#$42&'-2+#4%&'4,$'#/'*&/)5$;'/#'-2Q#'("#
7+,1&+&'"$'7#-&42%,;'7#+,'G/'$,'("2*,8'=$&'3#D'("#')2'#*7,*&'<'<,'7#+-2),*'/&*'#*7#+&$D&*;'4,$%2$"&),*'4,)2#$-,'#/
*&/)5$8'\#4"#+-,'("#'$,*'*&1,+#&),*'#/'*&/)5$'4+"-,'4,),'*2'N"#+&'#/'7/&%,')I*'+24,'("#':"12G*#),*'4,)2-,'#$'/&
32-&'<'+#7#%6&),*?'`F"G'*"&32-&-;'*#'-#*:&4#'#$'/&'1,4&;'("G'2$4+#61/#'*&1,+a;'#$%+#',%+,*':&/&0,*'&/'7/&%,8'A2#$%+&*
7&*&1&'%,-,'#*%,;')2':2Q,'$,*',1*#+3&1&'4,$'"$&')2+&-&'2$4+G-"/&8'L#+,'*#0"2),*'*&1,+#&$-,':&*%&'("#')2':2Q,'-2Q,?
`K&'#*%I'12#$;'("2#+,'7+,1&+'"$'7#-&42%,a8'L+,15;'/#'#$4&$%5'<'&:,+&'#*'*"'7/&%,'7+#N#+2-,8

!,),' 32#+,$' #$' /&' :2*%,+2&;' &' 3#4#*' $,' 7,-#),*' 7#+*"&-2+' &' "$&' 7#+*,$&' 7&+&' ("#' %#$0&' "$&
#C7#+2#$42&' -2+#4%&' <' &/4&$4#' 7#("#V,*' /,0+,*8' L,+' #Q#)7/,;' )#' :&' 7&*&-,' )"4:&*' 3#4#*' ("#
0#+#$%#*' %+&-242,$&/#*' $,' -#*#&$' 7+,1&+' $"#3&*' N,+)&*' -#' /2-#+&+;' 4,),' *#+' )I*' :,+2D,$%&/#*' ,
#)7,-#+&+' )I*8' EF"G' :&4#+' 4"&$-,' /&' 7#+*,$&' $,' ("2#+#' %#$#+' "$&' #C7#+2#$42&' -2+#4%&' 4,$' /&
&4%232-&-'("#'"*%#-'("2#+#'("#':&0&H
!,),' :#),*' 4,$3#+*&-,' &$%#+2,+)#$%#;' 4,),' /&' 7#+*,$&' #*%I' -#*),%23&-&;' 7,-+6&),*' %+&%&+' -#
4,$3#$4#+/&'-I$-,/#'/&*'+&D,$#*'-#'7,+'("G'#*'2)7,+%&$%#;'45),'7"#-#'&<"-&+/#','-#7#$-2#$-,'-#/
%27,' -#' %&+#&' j7,+' #Q#)7/,;' *2' #*' &1"++2-&k' -&+/#' "$' 2$4#$%23,' #C%+6$*#4,' 7&+&' ),%23&+/&' &' :&4#+/&8
L#+,' :&<' ,%+,' 4&)2$,?' /&' #C7#+2#$42&' 2$-2+#4%&8' J$' /&' :2*%,+2&' -#' )2' :2Q,;' G/' %"3,' "$&' #C7#+2#$42&
2$-2+#4%&'4,$'#/'*&/)5$;'G/'$,*',1*#+35'45),'*&1,+#&),*'#/'7/&%,':&42#$-,'%,-,'%27,'-#'0#*%,*'-#
7/&4#+8' J$' +#&/2-&-;' /#' :242),*' 3232+' &' G/' /&' #C7#+2#$42&' 2$-2+#4%&' -#' 4,)#+' *&/)5$8' R/' 3#+$,*
*&1,+#&+'%&$'#N"*23&)#$%#'/&'4,)2-&;'/&'*2$%25'7+,3,4&%23&'<'*#'&$2)5'&'7+,1&+/&8'S1*#+3&+'&',%+,*;
3#+'&'"$'),-#/,':&4#+'&/0,;'7+,3,4&'("#'#/',1*#+3&-,+'*#'*2#$%&'4&7&D'-#':&4#+/,'%&)12G$]Yb8'J*%,
:&4#'("#'"$,'*#'4,)7&+#'4,$'&("#//,*'("#',1*#+3&?'`>2'G/'7"#-#':&4#+/,;'E7,+'("G'<,'$,Ha8'L#+,':&<

("#'%#$#+'4"2-&-,;'7"#-#'N"$42,$&+'-#')&$#+&'4,$%+&+2&8'J*'-#42+;',1*#+3&+'&'"$'),-#/,'("#'$,'7"#-#
:&4#+' &/0,' 7"#-#' :&4#+' ("#' /&' 7#+*,$&' -20&?' `>2' G/' $,' 7"#-#;' E7,+' ("G' <,' *6Ha]YY8' U,*' N&4%,+#*
N&3,+#4#+I$' "$' )&<,+' 2)7&4%,' -#' ,1*#+3&+' &' ,%+,*?' /&' *#)#Q&$D&' #$%+#' #/' ,1*#+3&-,+' <' #/' ),-#/,;
7"#*')2#$%+&*')&<,+'/&'*#)#Q&$D&;')&<,+'#/'2)7&4%,'#$'/&*'4+##$42&*'-#'&"%,#N24&42&'-#/',1*#+3&-,+8
J$'*#0"$-,'/"0&+;')2#$%+&*')#$,+'*#&'/&'#C7#+2#$42&'-#/',1*#+3&-,+'#$'/&'4,$-"4%&',1*#+3&-&;')&<,+
#/'2)7&4%,]Yf8'J$'#/'4&*,'-#/'*&/)5$;'R/#C'#+&')"<'4#+4&$,'<'4,$N2&1&'#$'$,*,%+,*'4,),'*"*'7&-+#*;
&-#)I*'$,'%#$6&'#C7#+2#$42&'&/0"$&'4,$'#/'*&/)5$;'7,+'/,'("#'4,$N25'#$'/,'("#',1*#+3&1&'#$'$,*,%+,*8
EL,+'("G'#/'1,*%#D,'*#'4,$%&02&H'EL,+'("G'*#'4,$%&02&'/&'*,$+2*&'4"&$-,'3#'&'"$'$2V,'*,$+2#$-,H
E>2#$%#'"$&'/20#+&'+&12&'4"&$-,'3#'&'&/0"2#$'#$,Q&-,H
M&' +#*7"#*%&' &' %,-&*' #*%&*' 7+#0"$%&*' #*' ("#' %#$#),*' "$' )#4&$2*),' -#' $#"+,++#*,$&$42&' #$' #/
4#+#1+,' ("#' $,*' 7#+)2%#' #)7&%2D&+' <' *#$%2+' /,' ("#' /&*' ,%+&*' 7#+*,$&*' #*%I$' *2$%2#$-,8' =$&' -#' /&*
%#,+6&*'#*'("#'#C2*%#'"$'0+"7,'-#'$#"+,$&*'"124&-&*'#$'/&'D,$&'2$N#+2,+'-#'/&'4,+%#D&'4#+#1+&/'<'#$'/&
7&+%#' *"7#+2,+' -#/' /51"/,' 7&+2#%&/' -#$,)2$&-&*' $#"+,$&*' #*7#Q,]Yi8' W*%&*' *#' &4%23&$' 4"&$-,
,1*#+3&),*' 4,$-"4%&*' <' #),42,$#*' -#' ,%+&*' 7#+*,$&*8' R' 7#*&+' -#' ("#' %,-&36&' #C2*%#' 4,$%+,3#+*2&
*,1+#'/&*'$#"+,$&*'#*7#Q,;'#$'/,'("#'%,-,*'/,*'$#"+,42#$%6N24,*'4,2$42-#$'#*'#$'("#'#/'4#+#1+,'%2#$#
"$')#4&$2*),'-#'$#"+,++#*,$&$42&'("#'$,*'7#+)2%#'*#$%2+'/,'("#',%+,*'*2#$%#$8
J$'#/'4&*,'-#/'*&/)5$;')2':2Q,'*2$%25'"$&'*#$*&425$'#$'*"'4#+#1+,'-#'7/&4#+'<'*#'&$2)5'&'7+,1&+8
p&$-"+&'-#$,)2$5'&'#*%&'#*%+&%#02&'7&+&'),%23&+'`#C7#+2#$42&'2$-2+#4%&a]YZ8'>2'12#$'#$'#/'#Q#)7/,'-#
)2':2Q,'/&'#C7#+2#$42&'2$-2+#4%&'*2+325'7&+&'("#'G/'4&)12&+&'*"'&4%2%"-':&42&'/&'4,)2-&'Q&7,$#*&;'/&
#C7#+2#$42&'2$-2+#4%&'%&)12G$'*2+3#'7&+&'("#'/&*'7#+*,$&*'*#'),%23#$'&'*#+')I*'&"%,#N24&4#*'#$'"$&
&4%232-&-;'4,),'*#')"#*%+&'&'4,$%2$"&425$8
J$'"$&'2$3#*%20&425$'("#'4,$-"Q#+,$'SD#+'<'p&$-"+&]Yh'&'"$'0+"7,'-#')"Q#+#*'("#'$,'*#'*#$%6&$
4&7&4#*'<'$,'("#+6&$'&7+#$-#+'-#N#$*&'7#+*,$&/;'*#'/&*'//#35'&'"$&'4/&*#'-#'#C:212425$8'J$'#*%&'4/&*#
:&16&'"$&')"Q#+'-#'*2)2/&+'#-&-'<'4,$%#C%"+&'-#/'0+"7,'("#'#+&'"$&'#C7#+%&'#$'-#N#$*&'7#+*,$&/8'M&
)"Q#+'#*%&1&'&/'N+#$%#'<'4&-&'3#D'("#'"$':,)1+#'*#'&4#+4&1&'&'#//&'7&+&'("#+#+'&0+#-2+/&;'#//&'/,0+&1&
+#-"42+'&/':,)1+#'<'%")1&+/,'&/'*"#/,8'R/'4&1,'-#'"$'7&+'-#':,+&*'-#'#*%&+'3232#$-,'/&'#C7#+2#$42&
2$-2+#4%&'-#'7,-#+'%")1&+'&'/,*'&%&4&$%#*':,)1+#*;'/&')&<,+6&'-#'/&*')"Q#+#*'*#'&$2)&+,$'&'*#0"2+
/&*'4/&*#*'-#'-#N#$*&'7#+*,$&/8'M&'#C7#+%&'#$'-#N#$*&'7#+*,$&/'/#*':2D,'*#$%2+'("#'*6'#+&$'4&7&4#*'-#
-#N#$-#+*#8
=$'0#+#$%#'0#$#+&/'-#'"$&'#)7+#*&'#$'M&%2$,&)G+24&'("#'("#+6&'4&)12&+'/&'4"/%"+&',+0&$2D&42,$&/
-#' *"' #)7+#*&' @("#' #+&' 3#+%24&/;' +602-&;' 1"+,4+I%24&' #' 2$-232-"&/2*%&@' 7,+' "$&' 4"/%"+&' -#
2$$,3&425$;':,+2D,$%&/'<'-#'%+&1&Q,'#$'#("27,;'//#35'&'%,-,'*"'#("27,'0#+#$42&/'&'7&*&+'%+#*'-6&*'#$
e,,0/#8'R//6;'%,-,*'7"-2#+,$'*#$%2+'/&'),%23&425$'-#'/&'0#$%#;'/&'/21#+%&-'<'4+#&%232-&-'("#'*#'3236&
#$' #/' &)12#$%#8' L"-2#+,$' ,1*#+3&+' 45),' /&*' 7#+*,$&*' *#' %+&%&1&$' #$%+#' #//&*8' T,-,' #*%,' 0#$#+&$-,

"$,*' +#*"/%&-,*' #C%+&,+-2$&+2,*8' !"&$-,' +#0+#*&+,$' &' *"' 7&6*;' *"' #("27,' #*%&1&' 4,$3#$42-,' -#' ("#
("#+6&' 4&)12&+' <' :&16&$' `4,)7+&-,a' %,%&/)#$%#' #/' 4&)12,' -#' 4"/%"+&8' J/' #("27,' 0#+#$42&/' :&16&
3232-,'"$&'#C7#+2#$42&'2$-2+#4%&'-#'"$'&)12#$%#'//#$,'-#'#),42,$#*'7,*2%23&*;'<'#*%&1&'4,$3#$42-,
-#'("#'N"$42,$&+6&8
R'4,$%2$"&425$'-&),*'"$&*'*"0#+#$42&*'-#'45),'),%23&+'0#$#+&$-,'"$&'#C7#+2#$42&'2$-2+#4%&'7&+&
/&'7#+*,$&?
]8'p"*("#'"$&',+0&$2D&425$'("#'<&'%#$0&'/,'("#'"*%#-'("2#+#8'!,),')#$42,$&),*'#$'#/'4&*,'&$%#+2,+;'#*%,'7"#-#'*#+32+'7&+&'4"&/("2#+
4&)12,8'L"#-#'*#+'"$'4&)12,'-#'*2*%#)&'-#')&$"N&4%"+&;'7"#-#'*#+'"$'4&)12,'&'"$'),-#/,'-#')"/%2N"$42,$&/2-&-'-#'/&*'7#+*,$&*;'#%48
!"&$-,'/&*'7#+*,$&*'3#$'45),'*#'323#'#/'4&)12,;'0#$#+&$'/&*'#C7#+2#$42&*'2$-2+#4%&*'<'#*%I$')I*'-2*7"#*%&*'&'4&)12&+8
b8'>2'("2#+#'4&)12&+'/&'4,$-"4%&'-#'"$'0#+#$%#'("#'%2#$#'N,+)&*'%+&-242,$&/#*'-#'/2-#+&+;':&0&'("#'#*%#'0#+#$%#'4,$-"D4&'"$&'#3&/"&425$
YZ['&/')#Q,+'0#+#$%#'-#'/&'#)7+#*&8'F"#'#$%+#32*%#'&'*"*'+#7,+%#*'-2+#4%,*;'&'*"*'4,/#0&*;'&'*"'Q#N#'<'&/')2*),'0#+#$%#'7&+&'("#'*#
//#$#'-#'/&*'#),42,$#*'7,*2%23&*'("#'*#'-#+23&$'-#'"$&'0#+#$42&'),-#+$&8
Y8'>2'*"':2Q,'#*%I'%,)&$-,'&/4,:,/'#$'#C4#*,;'7"#-#'//#3&+/,'&'4,$3#+*&+'4,$'7#+*,$&*'("#'%2#$#$'"$'7+,1/#)&'-#'&/4,:,/2*),'7&+&'("#
&/0"2#$'/#*'4"#$%#'45),'#)7#D5'&'%,)&+'<'45),'#/'%+&0,'/#':&',4&*2,$&-,'%&$%,*'7+,1/#)&*'#$'*"'32-&8'R/'3#+'&'/&'7#+*,$&'#$N#+)&
7,+'#/'&/4,:,/;'#/'Q,3#$'*#$%2+6&'/&*'4,$*#4"#$42&*'-#'#*%&'-+,0&'<'7,-+6&'2$%#+$&/2D&+'("#'$,'#*'1"#$&'7&+&'G/8
f8'>2'"*%#-'*#'*2#$%#'-#*),%23&-,;'*2#$%#'("#'$,'7"#-#;'("#'/#'#*'2)7,*21/#'7#+*#3#+&+;'/#&'/&':2*%,+2&'-#'"$&'7#+*,$&'+#4,$,42-&'4,),
e&$-:2;'9#/*,$'A&$-#/&','&/0B$'7#+*,$&Q#')I*'4#+4&$,8'jJ$')2'/21+,'W7$OT4(3$&)$,'#$9&64)41''jb[]bk'#*4+216')"4:&*':2*%,+2&*'-#'#*%#
%27,k8'>5/,'/##+'/&':2*%,+2&':&4#'("#'*"')#4&$2*),'-#'$#"+,++#*,$&$42&'/#'7#+)2%&'*#$%2+'("#'*6'7"#-#'<'/,'&<"-&'&'*#0"2+'&-#/&$%#8
i8' >2' "*%#-' %2#$#' )2#-,' -#' *&/2+' -#' *"' D,$&' -#' 4,$N,+%' <' %,)&+' +2#*0,*;' 4,$3#+*#' 4,$' 7#+*,$&*' ("#' /,' :&$' :#4:,' <' ("#' /#' 4"#$%#$' *"
:2*%,+2&;','1"*("#'/##+'4&*,*'*2)2/&+#*'&'/,*'*"<,*'-,$-#'/&*'7#+*,$&*'*#'&%+#32#+,$'<'N"#+,$'#C2%,*&*8

D")97](-)#-(U75(-")6&7)%&:7)7,)90):0."

!0,#'93$ ,'#$ *&+)3'#$ 6+&&$ &'$ (4?$ #,'>,&$ (U$ '3$ 6+&#)$ &'$ (4
24)23?$ A#6&$ 7#$ 2#%4#$ 9&$ 63'5&'6&+(&$ 9&$ >,&$ &)(G)
&>,4536#93B8
'$+*"&,*-)./$0

T,"):7-.".7-")9"75%-"
T#--<'>%,--&+-'#*%&1&'#$'("2$%,'&V,'-#'7+2)&+2&'<'#+&'#/'%6724,'$2V,'("#'%,-,'7+,N#*,+'*"N+#'&/'%#$#+'#$'*"'4/&*#8
J+&' "$' $2V,' *2$' $2$0"$&' ),%23&425$' -#' #*%"-2&+;' -#*4,$#4%&-,;' *2$' $2$0B$' &)20,' #$' 4/&*#;' 4,$' 7+,1/#)&*' 7&+&
+#/&42,$&+*#;' ("#' 2$4/"*,' 7,-6&' 3#$2+' *"42,' <' )&/' 3#*%2-,' &' /&' 4/&*#8' M&' 7+,N#*,+&' T,)7*,$' -#Q&1&' *2#)7+#' 7&+&' #/
B/%2),'/&'4&/2N24&425$'-#'/&*'7+"#1&*'-#'T#--<;':&*%&'4&*2'*#$%6&'7/&4#+'7,$2#$-,'/&*')&+4&*'+,Q&*'-#'#("23,4&425$'#$
%,-&*' *"*' 7+#0"$%&*8' T#--<' *2#)7+#' *&/6&' +#7+,1&-,' #$' *"*' #CI)#$#*8' =$' -6&;' #/' 4,/#02,' /#' *,/242%5' &' /&' 7+,N#*,+&
T,)7*,$' ("#' +#32*&+&' /&' 2$N,+)&425$' -#' %,-,*' *"*' &/")$,*' -#*-#' 7+2)#+' &V,' -#' 7+2)&+2&;' "$&' 7+I4%24&' ("#' *#' :&46&
"$&' 3#D' &/' &V,8' 9"#3&)#$%#;' /&' 7+,N#*,+&' 7"*,' /&' :2*%,+2&' -#' T#--<' 7&+&' /##+/&' &/' N2$&/8' !"&$-,' //#05' &' /&' :2*%,+2&;
7#$*5;'E7&+&'("G'72#+-,')2'%2#)7,'4,$'#*%#'4:24,H;'7#+,'4,),'#+&'+#*7,$*&1/#;'#)7#D5'&'/##+'/,*'4,)#$%&+2,*'-#'/,*
7+,N#*,+#*'*,1+#'T#--<'-#*-#'#/'7+2)#+'0+&-,8
M&'*#V,+&'T,)7*,$'("#-5')"<'*,+7+#$-2-&'7"#*;'42#+%&)#$%#;'/,'("#'#*%&1&'/#<#$-,'$,'#+&'/,'("#'#*7#+&1&8'J$'/&*
$,%&*'-#'7+2)#+'0+&-,'/&'7+,N#*,+&'-#'#*#'#$%,$4#*':&16&'&$,%&-,'("#'T#--<'#+&'#/')#Q,+'&/")$,'-#'*"'4/&*#?'`T#--<
#*'"$'$2V,'%,%&/)#$%#'2$%#0+&-,'&'/&'4/&*#;')"<'7,7"/&+;'%,-,*'/,'("2#+#$;'<'&4&-G)24&)#$%#'#*'#/')#Q,+'&/")$,'-#'/&
4/&*#a8
M&'*#V,+&'T,)7*,$'%,)5'+I72-&)#$%#'/&'4&+7#%&'-#'*#0"$-,'0+&-,'<'4,$%2$"5'/#<#$-,?'`T#--<'#*'"$'4:24,'1+2//&$%#8
J/'7+2)#+'*#)#*%+#':&'*2-,'#/')#Q,+;'"$'4:24,')"<'2$%#0+&-,'&'/&'4/&*#'<')"<'("#+2-,'7,+'%,-,*8'>2$'#)1&+0,;

-#*-#':&4#'&/0"$,*')#*#*'3#,'("#'T#--<'#*%I'1&Q&$-,'*"'+#$-2)2#$%,;'/,'3#,')I*'*,/,;
72#$*,'("#'#/'4I$4#+'-#'*"')&)I'/,'#*%I'&N#4%&$-,a8'M&'*#V,+&'T,)7*,$;'<&'4,$'"$&'#C7+#*25$
-#'%+2*%#D&'*20"25'/#<#$-,'#/'2$N,+)#'-#'%#+4#+'0+&-,?'`T#--<'#*'"$'1"#$'4:24,;'7#+,'/&')"#+%#
-#'*"')&-+#'/,':&'&N#4%&-,')"4:,8'K&'$,'*#'2$%#0+&;':&'-#Q&-,'-#'#*%"-2&+;'$,'/,'3#,'),%23&-,;
)#'7&+#4#'("#'*"'7&-+#'/,'%2#$#'&1&$-,$&-,;')#'7+#,4"7&'1&*%&$%#a8'M&'*#V,+&'T,)7*,$;'4,$
/I0+2)&*'#$'*"*',Q,*;'#)7#D&1&'&'#$%#$-#+'&'T#--<8'T,)5'/&'B/%2)&'4&+7#%&'-#'4"&+%,'0+&-,;'<
/#<5?'`T#--<'#*'"$'&/")$,'-#*4,$#4%&-,'4,$'/&'4/&*#;'7&+#4#'#*%&+'#$',%+,')"$-,;'$,'%2#$#
&)20,*'<'#*'#/'("#'%2#$#;'*2$'-"-&;'#/'7#,+'-#*#)7#V,'#$'4/&*#a8
R/' -6&' *20"2#$%#' #+&' #/' -6&' -#/' 7+,N#*,+' <' %,-,*' /,*' &/")$,*' //#3&+,$' +#0&/,*' $"#3,*' <' )"<' 12#$' #$3"#/%,*' &' /&
7+,N#*,+&'T,)7*,$8'R/'N2$&/'*#'&4#+45'T#--<'4,$'"$&'1,/*&'-#'*"7#+)#+4&-,'("#'%#$6&'&-#$%+,'"$'N+&*4,'-#'7#+N")#
&/'("#'/#'("#-&1&'*5/,'/&'4"&+%&'7&+%#'<'"$&'7"/*#+&'4,$'72#-+&*'&'/&'4"&/'*#'/#':&16&$'4&6-,'/&')2%&-'-#'#//&*8'!"&$-,'/&
7+,N#*,+&'&1+25'/,*'+#0&/,*;'%,-&'/&'4/&*#'*#'1"+/5'-#'T#--<8'J//&;'&:,+&'4,$'"$&'&4%2%"-'%,%&/)#$%#'-2N#+#$%#;'/#*'-2Q,'("#
$,' *#' +2#+&$' -#' G/;' ("#' #//&' 3&/,+&1&' )"4:6*2),' #/' +#0&/,' -#' T#--<8' M&' *#V,+&' T,)7*,$' *#' 7"*,' /&' 7"/*#+&

2$)#-2&%&)#$%#'<'%&)12G$'*#'+,425'"$'7,4,'-#'7#+N")#;'<'/#'-2Q,'&'T#--<'("#'*"'+#0&/,'/#'#$4&$%&1&8'T#--<'/#'-2Q,'("#
#/'7#+N")#'<'/&'7"/*#+&':&16&$'*2-,'-#'*"')&)I'&$%#*'-#'),+2+8
R'7&+%2+'-#'#*#'),)#$%,;'/&'7+,N#*,+&'/#'7+#*%5'&%#$425$'#*7#42&/' &' T#--<;' /#' -2Q,' ("#' G/' #+&' "$&' 7#+*,$&' 4&7&D' #
2$%#/20#$%#;'("#'#//&'*&16&'("#':&16&'7&*&-,'),)#$%,*'-2N642/#*;'7#+,'("#'G/'%#$6&'"$'#$,+)#'7,%#$42&/'7&+&'*#+'#C2%,*,
#$'/&'32-&8'T#--<'*2$%25'#/'4&+2V,'<'7+#,4"7&425$'-#'/&'7+,N#*,+&'T,)7*,$'<'#*%,'/,'),%235'&'#*%"-2&+')I*8'>#'N,+)5'"$
46+4"/,'32+%",*,'-,$-#'T#--<'4&-&'3#D'+#$-6&')#Q,+'<'+#4216&'#/'4&+2V,'<'/&'&-)2+&425$'-#'/&'7+,N#*,+&8'T#--<'%#+)2$5
#/'&V,'#$'#/'i['7,+'42#$%,'*"7#+2,+'-#'/&'4/&*#8
R/'4&1,'-#'"$'&V,;'/&'7+,N#*,+&'T,)7*,$'#$4,$%+5'"$&'$,%&'-#1&Q,'-#'/&'7"#+%&'-#'*"',N242$&8'M&'$,%&'-#46&?'`X,/&;
*,<'T#--<;'/#'4"#$%,'("#'<&'%#+)2$G'*#C%,'-#'7+2)&+2&;'%#+)2$G'#$'#/'%#+4#+'7"#*%,'-#'/&'4/&*#8'T"3#')"4:,*'7+,N#*,+#*
1"#$,*;'7#+,'"*%#-'*20"#'*2#$-,'/&')#Q,+'7+,N#*,+&'("#':#'%#$2-,'#$')2'32-&a8'M&'*#V,+&'T,)7*,$'/#<5'/&'$,%&'<'*2$%25
&/#0+6&')#D4/&-&'4,$')#/&$4,/6&'7,+("#'<&'$,'#*%&1&'4#+4&'-#'T#--<8
R/'4&1,'-#'*#2*'&V,*;'/&'7+,N#*,+&'#$4,$%+5',%+&'$,%&'-#1&Q,'-#'/&'7"#+%&'-#'*"',N242$&8'M&'$,%&'-#46&?'`X,/&;'*,<
T#--<;'/#'4"#$%,'("#'%#+)2$G'#/'4,/#02,'#$'*#0"$-,'7"#*%,;'<'-"+&$%#'#*%#'%2#)7,'%"3#')"4:,*'7+,N#*,+#*;'7#+,'"*%#N"#'/&')#Q,+'7+,N#*,+&'("#':#'%#$2-,'#$')2'32-&a8'M&'7+,N#*,+&'T,)7*,$'7#$*&1&'*2#)7+#'#$'T#--<'<'*#'&/#0+5')"4:,
-#'*"*'/,0+,*8
L&*&+,$'4"&%+,'&V,*'<'3,/325'&'+#4212+'"$&'4&+%&'("#'-#46&?'`L+,N#*,+&'T,)7*,$;'*,<'T#--<'<'("2#+,'4,$%&+/#'("#
)#'0+&-"G'#$'7+2)#+'7"#*%,'#$'/&'"$23#+*2-&-;'%"3#')"4:,*'7+,N#*,+#*;'7#+,'"*%#-'%,-&36&'#*'/&')#Q,+'7+,N#*,+&'("#':#
%#$2-,'#$')2'32-&a8
L&*&+,$' *#2*' &V,*' )I*;' <' /&' 7+,N#*,+&' T,)7*,$' +#42125' $"#3&)#$%#' "$&' 4&+%&' 4"<,' +#)2%#$%#' -#46&' `T#--<
>%,--&+-;'U,4%,+a8'M&'4&+%&'-#46&?'`L+,N#*,+&;'*,<'T#--<;'("2#+,'4,$%&+/#'("#')#'0+&-"G'-#'/&'#*4"#/&'-#')#-242$&'<;
4,),'*2#)7+#;'"*%#-':&'*2-,'/&')#Q,+'7+,N#*,+&'("#'&/0"$&'3#D')#'#$*#V58'=*%#-')#'4&)125'/&'32-&8'F"2#+,'4,$%&+/#
&-#)I*'("#')#'3,<'&'4&*&+'<;'4,),'"*%#-'*&1#;')2')&-+#')"+25':&4#')"4:,'<')2'7&-+#'N&//#425'#/'&V,'7&*&-,8'=*%##*' /&' B$24&' 7#+*,$&' 4#+4&$&' ("#' 4,$*2-#+,' 4,),' N&)2/2&8' F"2*2#+&' ("#' 32$2#+&' &' ,4"7&+' #/' /"0&+' -#' )2' )&-+#' #$' )2
)&%+2),$2,a8'M&'7+,N#*,+&'T,)7*,$'*#'#),42,$5':&*%&'/&*'/I0+2)&*'<'/#'+#*7,$-25'("#'&4#7%&1&'4,$')"4:,'4&+2V,8
M&' 7+,N#*,+&' 32&Q5' 4,$' #/' 7#+N")#' -#' /&' )&-+#' -#' T#--<' ("#' &B$' 0"&+-&1&' <' *#' 7"*,' /&' 7"/*#+&' 4,$' /&' )2%&-' -#
72#-+&*8' !"&$-,' //#05' &' /&' 20/#*2&' -,$-#' *#' 4#/#1+&1&' #/' )&%+2),$2,;' T#--<' /&' 32,' <' 32$,' 4,++2#$-,' &' &1+&D&+/&' 4,$
)"4:&'#N"*232-&-8'M"#0,'/#'-2Q,?
@=*%#-':&'*2-,'/&')#Q,+'7+,N#*,+&'("#':#'%#$2-,8'=*%#-')#'4&)125'/&'32-&8
@T#'#("23,4&*'T#--<'@-2Q,'/&'7+,N#*,+&@'%B'N"2*%#'("2#$')#'4&)125'/&'32-&'&')6;'<,'$,'*&16&'#$*#V&+':&*%&'("#'%#
#$4,$%+G'&'%2]Yg8

M&'7+,N#*,+&'T,)7*,$'),%235'&'T#--<'&'#*%"-2&+'<'&'4&)12&+'-#'&4%2%"-'-242G$-,/#'("#'4+#6&'#$'*"
&/%,'7,%#$42&/;'&-#)I*'-#'),*%+&+/#'*"'4&+2V,'<'7+#,4"7&425$'4,),'7#+*,$&8'W*%&'#*'/&'%#+4#+&'N,+)&
("#'7+,7,$#'p&$-"+&]Y^'7&+&'2$*%&/&+'4+##$42&*'-#'&"%,#N24&42&O'G/'/&'//&)5'7#+*"&*25$'3#+1&/8
L,+'#Q#)7/,;'4"&$-,'"$'*"1,+-2$&-,'("#'#*%I'%#)#+,*,'-#'&*")2+'"$&'+#*7,$*&12/2-&-'<'#/'Q#N#'/#
-24#?'`K,'#*%,<'*#0"+,'-#'("#'/,'7"#-#*':&4#+;'4,$N6,'#$'%"'4&7&42-&-;'$,'%#$0,'$2$0"$&'-"-&'-#'("#
*#+I*'#C2%,*,a;'&<"-&'&'2$*%&/&+'"$&'4+##$42&'#)7,-#+&$%#'-#'("#'G/'*6'7"#-#'/,0+&+/,8'M"#0,;'*2'#/
Q#N#'4,$*20"#'("#'%#$0&'7#("#V,*'/,0+,*;'("#'%#$0&'/&'#C7#+2#$42&'-2+#4%&;'("#'3&<&'4,$*%+"<#$-,'*"
7+,72&' :2*%,+2&' -#' /,0+,*;' 2+I' 4,$*%+"<#$-,' *"' 4+##$42&' -#' &"%,#N24&42&8' M,' ("#' :&4#' /&' 7#+*"&*25$
3#+1&/;' /&*' 7&/&1+&*' &/#$%&-,+&*' <' -#' I$2),;' #*' ("#' /&' 7#+*,$&' $,' *#' 4#$%+#' #$' /&*' N"#$%#*' -#
2$#N24&42&;'*2$,'#$'/&*'N"#$%#*'-#'#N24&42&]f[8'L#+,'$,'*#'7"#-#'("#-&+'*5/,'4,$'/&'7#+*"&*25$'3#+1&/;

7"#*' #*%,' *5/,' N"$42,$&+I' #$' /&' )#-2-&' #$' ("#' /&' #C7#+2#$42&' -2+#4%&' /&' &7,<#;' %&/' 4,),' -2Q2),*
&$%#+2,+)#$%#8'L,+'/,'%&$%,;'4,),'Q#N#;'4,),'7&-+#','7+,N#*,+'j#$%+#',%+,*k;'$,'1&*%&'4,$'-#42+/#*'&
/&*' 7#+*,$&*' ("#' *6' 7"#-#$;' *2$,' ("#' :&<' ("#' &7,<&+/,*' &' 4,$*%+"2+' *"*' :2*%,+2&*' -#' GC2%,;' 4,$
#C7#+2#$42&*'-2+#4%&*'("#'/#')"#*%+#$'("#'*6'#*'4&7&D'-#':&4#+/,8
S%+,'&*7#4%,'2)7,+%&$%#'&'4,$*2-#+&+'#*'/&'4,$N2&$D&'<'/&'4+#-212/2-&-'("#'*#'/#'%2#$#'&'/&'7#+*,$&
("#'2$%#$%&'4,$3#$4#+$,*'-#'&/0,8'L,+'#*,'#*'("#'#$'/&*'4&)7&V&*'-#'/"4:&'4,$%+&'#$N#+)#-&-#*','-#
&7,<,' *,42&/;' #$%+#' ,%+&*;' 1"*4&$' N20"+&*' 7B1/24&*' <' +#4,$,42-&*' 7&+&' 2$%#$%&+' 7#+*"&-2+/&*' 4,$' *"*
)#$*&Q#*8
=$&'7+,N#46&'&"%,4")7/2-&'*#'-&'4"&$-,'/&*'N&/*&*'4+##$42&*'N,+)&$'*"'7+,72&'+#&/2-&-]f]8'J$'/,*
4"+*,*'-#'4,/#02,'"$&'7+,N#46&'&"%,4")7/2-&'*#'-&'4"&$-,'"$'7+,N#*,+'%2#$#'"$&'#C7#4%&%23&'#++5$#&
&4#+4&'-#'"$'#*%"-2&$%#;'("2#$'-#12-,'&'/&'2$%#+&4425$'*,42&/'#)72#D&'&'4,)7,+%&+*#'-#')&$#+&*'("#
4,$N2+)&$'/&'#C7#4%&%23&'jN&/*&'#$'"$'2$242,'<'&:,+&'3#+-&-#+&k]fb8
\,*#$%:&/' <' }&4,1*,$;' #$' ]^Zg;' +#&/2D&+,$' #/' #*%"-2,' W7$ &L&6(3$ =4%2#741'' #$' /&*' &"/&*8' J*%,*
2$3#*%20&-,+#*'&7/24&+,$'"$&'7+"#1&'-#'2$%#/20#$42&'&/'2$242,'-#/'&V,'&4&-G)24,8'R'/,*'7+,N#*,+#*'*#
/#*'-2Q,'("#'/&'7+"#1&'7#+)2%2+6&'2-#$%2N24&+'&'/,*'&/")$,*'("#'%#$-+6&$')&<,+'7+,0+#*,'#$'#/'4,/#02,8
L,+' /,' %&$%,;' &' /,*' 7+,N#*,+#*' *#' /#*' -2Q,' ("#' :&16&' "$' 0+"7,' -#' $2V,*' ("#' *#+6&$' ("2#$#*' %#$-+6&$
)&<,+#*' 7+,0+#*,*' 2$%#/#4%"&/)#$%#' :&1/&$-,' <' /#*' -2#+,$' /,*' $,)1+#*' -#' #*%,*' &/")$,*' &' /,*
7+,N#*,+#*8'M,'4"+2,*,'#+&'("#'/,*'2$3#*%20&-,+#*':&16&$'#/#02-,'&'"$'b['7,+'42#$%,'-#'#*%"-2&$%#*'&/
&D&+8'M,*'7+,N#*,+#*'#$*#V&+,$'-#')&$#+&':&12%"&/'<'/,*'&/")$,*'N"#+,$'#3&/"&-,*'&/'4&1,'-#'"$'&V,8
M,*'&/")$,*'("#'#/'7+,N#*,+'4,$*2-#+&1&'4,),'2$%#/20#$%#*'%#+)2$&+,$'4,$'2$%#/20#$42&*'*"7#+2,+#*'&
&("#//,*'("#'G/'4,$*2-#+&1&'$,+)&/#*8
J$' "$' #*%"-2,' +#&/2D&-,' #$' /&' #)7+#*&' RTT' 4,$' -2#42,4:,' #Q#4"%23,*' Q53#$#*' +#42G$
*#/#442,$&-,*;'&'("2#$#*'*#'/#*':2D,'*#0"2)2#$%,'#$'#/'%2#)7,;'*#'#$4,$%+5'("#'/&*'#C7#4%&%23&*'#+&$
2)7,+%&$%#*' 7&+&' *"' -#*#)7#V,8' R("#//,*' #Q#4"%23,*' ("#' #/' 7+2)#+' &V,' %"32#+,$' "$' Q#N#' 4,$' &/%&*
#C7#4%&%23&*'*,1+#'*"'-#*#)7#V,'/,0+&+,$'"$')#Q,+'-#*#)7#V,'("#'&("#//,*'("#'$,'/,'%"32#+,$]fY8
J*' 2$%#+#*&$%#' 7,+("#;' &/' 7&+#4#+;' 4"&$-,' /&*' 7#+*,$&*' #$%+&$' &' $"#3&*' *2%"&42,$#*' 7"#-#$' *#+' )I*
3"/$#+&1/#*'&'/&*'#C7#4%&%23&*'<'&',%+&*'2$N/"#$42&*'*,42&/#*]ff8'R*6;'#$',%+&'2$3#*%20&425$'4,$')I*'-#
42#$'$"#3,*'3#$-#-,+#*'-#'*#0"+,*;'*#'#$4,$%+5'("#'/,*'3#$-#-,+#*'4,$':&12/2-&-'7+,)#-2,'%#$6&$
42$4,'3#4#*')I*'7+,1&12/2-&-#*'-#'*#+'#C2%,*,*'4"&$-,'%#$6&$'Q#N#*'4,$'&/%&*'#C7#4%&%23&*'&4#+4&'-#
#//,*]fi8
J$'4,$4/"*25$;'*2'/&'7#+*,$&'$,'("2#+#'%#$#+'"$&'#C7#+2#$42&'-2+#4%&'4,$'"$&'&4%232-&-;'"*%#-'7"#-#
%+&%&+' -#' /,0+&+' "$&' #C7#+2#$42&' 2$-2+#4%&;' :&42#$-,' ("#' /&' 7#+*,$&' *2#$%&' ("#' *6' #*' 7,*21/#;
,1*#+3&$-,' ,' /#<#$-,' &' "$&' 7#+*,$&' #C2%,*&' #$' /&' &4%232-&-8' L#+,' *2' $,' /,' /,0+&;' +#4"#+-#' ("#

%&)12G$' 4"#$%&' 4,$' /&' &/%#+$&%23&' -#' /&' 7#+*"&*25$' 3#+1&/;' -#' 4,$3#$4#+' &' /&' 7#+*,$&' *,1+#' *"*
4&7&42-&-#*;'-#'4+##+'#$'G/;'-#'),*%+&+'*"'4,$N2&$D&'-#'("#'%#$-+I'GC2%,8

D")9(%0:"/01,)")%-":@5).7)'"5)97%"5

!X'$#+>,&+3$'3$*,&9&$9#+$&'$&7$87#'63$)4$'3$)#8&$91'9&$&)(GB
8
70H0*/2

K/%0:0.".
T#$0&'"$'+#/,Q'&')&$,'7&+&'%,)&+'%2#)7,'#$'/&'*20"2#$%#'&4%232-&-8'l$%#$%#'#*4+212+'/&')IC2)&'4&$%2-&-'-#'$B)#+,*;
#)7#D&$-,'7,+'#/'$B)#+,']'<'*20"2#$-,':&42&'&-#/&$%#?'];'b;'Y;'f;'i;'Z888
X&0&' "$&' 7&"*&' #$' /&' /#4%"+&' <' :&0&' #/' #Q#+4242,' #$' "$' 7&7#/;' +#4"#+-#' /&' )&<,+' 4&$%2-&-' -#' $B)#+,*' #$' ]i
*#0"$-,*8
J*'7+,1&1/#'("#'"*%#-':&<&'#*4+2%,'#$%+#']i'<'Y['$B)#+,*8'!"&/("2#+&'("#':&<&'*2-,'*"'7"$%&Q#;'&:,+&'("2#+,'("#'/,
)#Q,+#8
T+&%#'-#':&4#+'7,+'/,')#$,*'-,*'$B)#+,*')I*8
X&0&'"$&'7&"*&'#$'*"'/#4%"+&'<':&0&'$"#3&)#$%#'#/'#Q#+4242,8

J*' 4&*2' *#0"+,' -#' ("#' *2' "*%#-' *#' %,)5' #/' %2#)7,' 7&+&' :&4#+' #/' #Q#+4242,' 7/&$%#&-,;' *"7#+5' *"
7"$%&Q#',+202$&/8'M&'-2N#+#$42&'#*'("#'#$'/&'*#0"$-&',7,+%"$2-&-'%#$6&'"$&')#%&'4/&+&'("#'&/4&$D&+;'<
#*,'/,'&<"-5'&'#$N,4&+'*"*'#$#+06&*'7&+&'/,0+&+/&8
=$&' )#%&' #*' 4"&/("2#+' 4,*&' ("#' "$' 2$-232-",' *#' #*N"#+D&' #$' /,0+&+]fZ8' !,),' *#' )"#*%+&' #$' /&*
2/"*%+&42,$#*' Z^' <' h[;' /&*' )#%&*' 0#$#+&$' ),%23&425$' &/' #$N,4&+' /&' &%#$425$' -#' /&*' 7#+*,$&*' #$' /&
-2*4+#7&$42&'#$%+#'*"'*2%"&425$'&4%"&/'<'/&'*2%"&425$'-,$-#'&*72+&$'//#0&+]fh8

+'&5%-"/0(,75)SX)M)VQ

M,4.#'<',%+,*'&"%,+#*]fg'#$4"#$%+&$'("#'/&*'7#+*,$&*'("#'%2#$#$')#%&*'/,0+&$')I*'+#*"/%&-,*'("#
/&*'("#'$,'/&*'%2#$#$8
>#'+#&/2D5'"$&'2$3#*%20&425$'4,$'#*%"-2&$%#*'-#'7+2)&+2&'&'("2#$#*'*#'/#*'72-25':&4#+'*#$%&-2//&*
-"+&$%#' -,*' )2$"%,*]f^8' =$' 0+"7,' -#' #*%"-2&$%#*' *#' 7"*,' )#%&*' #$' +#/&425$' &' 4"I$%&*' *#$%&-2//&*
7,-+6&':&4#+'&/'4&1,'-#'-,*')2$"%,*8'J/',%+,'0+"7,'*2)7/#)#$%#'+#&/2D5'/&*'*#$%&-2//&*'("#'7"-,;'*2$
"$&')#%&'#$')#$%#8'M,'("#'#$4,$%+&+,$'#*'("#'/,*')2#)1+,*'-#/'0+"7,'("#'*#':&16&'7"#*%,'"$&')#%&
+#&/2D&+,$'"$'$B)#+,'-#'*#$%&-2//&*'*20$2N24&%23&)#$%#')&<,+'#$'4,)7&+&425$'4,$'/,*'-#/'0+"7,'("#
$,'%#$6&'"$&')#%&8'92$0"$,'-#'/,*'0+"7,*'#+&')I*'&%/G%24,',')I*'*&$,'("#'#/',%+,O'7,+'/,'%&$%,;'/,*
&"%,+#*'*#V&/&+,$'("#'#+&'#/'#*%&1/#42)2#$%,'-#'/&')#%&'/,'("#':&1+6&',+202$&-,'/&*'-2N#+#$42&*8'J*%#
%27,'-#'+#*"/%&-,*'*#':&'#$4,$%+&-,'4,$',%+&*')"#*%+&*'-#'7#+*,$&*?'4,$-"4%,+#*'("#'*#'7,$6&$')#%&*
+#&/2D&1&$'"$'$B)#+,')&<,+'-#'32&Q#*'("#'&("#//,*'*2$')#%&*]i[;',7#+&+2,*'("#'%27#&1&$')I*'%#C%,*'<
)I*'+I72-,'4"&$-,'%#$6&$')#%&*'("#'4"&$-,'$,'/&*'%#$6&$]i];'#$%+#',%+,*8
M&'T#,+6&'-#/'J*%&1/#42)2#$%,'-#'A#%&*'%2#$#'#32-#$42&'("#'/&'+#*7&/-&8'K&'#$']^^[;'/,*'#N#4%,*
-#'#*%&'%#,+6&'#+&$'&)7/2,*'7"#*'*#':&16&$'#*%"-2&-,'#$',4:#$%&'<',4:,'%27,*'-#'%&+#&*;'4,$')I*'-#
4"&+#$%&' )2/' 7&+%2427&$%#*' N#)#$2$,*' <' )&*4"/2$,*' 4,$' 7#+*,$&*' -#' 4&*2' %,-,' #/' )"$-,]ib8' J/
#*%&1/#42)2#$%,'-#')#%&*'#*'"$&'-#'/&*'%#,+6&*')I*'#)7/#&-&*'#$'#/')"$-,',+0&$2D&42,$&/8
9,'%,-&*'/&*')#%&*'),%23&$'7,+'20"&/8'R'4,$%2$"&425$'-#*4+212),*'&/0"$,*'#/#)#$%,*'("#'2)7&4%&$
#$'#/'0+&-,'-#'),%23&425$'-#'/&*')#%&*8
!+#-212/2-&-?'-#/'("#'/&'-&8
\#%+,&/2)#$%&425$?'4,$*%&$%#'4&)2$,'&8
J*7#42N242-&-?'$23#/'-#'#*7#42N242-&-8
U2N24"/%&-?'$23#/'-#'-2N24"/%&-8
R"%,$,)6&?' &"%,$,)6&' #$' #/' #*%&1/#42)2#$%,' -#' /&*' )#%&*' j)#%&*' 2)7"#*%&*' 7,+' #/' Q#N#;' 7,+' /&
*,42#-&-k8
n) !-7.080'0.".?' #*' 2)7,+%&$%#' 4,$*2-#+&+' ("G' %&$' 4,$N2&1/#;' &/#$%&-,+&;' 2$N,+)&-&' <' &0+&-&1/#' #*' /&' 7#+*,$&' ("#' &*20$&' /&' )#%&' -#
&4"#+-,' 4,$' /&' 7#+4#7425$' -#' /&' 7#+*,$&' ("#' /&' +#&/2D&+I]iY8'X&<' )&<,+' 7+,1&12/2-&-' -#' ("#' "$&' 7#+*,$&' &4#7%#' /&' )#%&' 4"&$-,
4,$N6&'#$'("2#$'*#'/&'-&8
n) N7%-("'097,%"/01,4' #/' #*%&1/#42)2#$%,' -#' )#%&*' N"$42,$&' 7&+&' )#Q,+&+' #/' -#*#)7#V,' 4"&$-,' *#' 1+2$-&' "$&' +#%+,&/2)#$%&425$
,7,+%"$&' -#/' 7+,0+#*,' -#' /&' 7#+*,$&' #$' #/' 4&)2$,' &' #*&' )#%&8' >2' $,' *&1#$' 45),' 3&$;' #*' -2N642/' *&1#+' ("G' %2#$#$' ("#' 4&)12&+' 7&+&
4")7/2+'4,$'/&')#%&]if8
n) ;5#7/0U0/0.".) M) ,0:7') .7) .0U0/&'%".4' J$' 4"&$%,' &/' $23#/' -#' -2N24"/%&-;' 4,$*2*%#$%#)#$%#' /&*' 2$3#*%20&42,$#*' )"#*%+&$' ("#' /&*' )#%&*
#*7#46N24&*'<'4,$'42#+%,'$23#/'-#'-2N24"/%&-'7+#-24#$'"$')#Q,+'+#$-2)2#$%,8'J*'-#42+;'$,'1&*%&'4,$'-#42+?'`X&D'/,')#Q,+'("#' 7"#-&*a;
*2$,'("#'#*'2)7,+%&$%#'*#+'#*7#46N24,'4,$'+#*7#4%,'&'/,'("#'*#'#*7#+&]ii8'M,*'2$3#*%20&-,+#*'#C7/24&$'("#'-#42+/#'&'&/0"2#$'("#':&0&

/,')#Q,+'("#'7"#-&'$,'-24#')"4:,;'$,':&<'"$'+#N#+#$%#'#C%#+$,;'*5/,'/,'("#'"$,')2*),'72#$*&'("#'#*8'EF"G'7&*&'*2'#$%+,'&'"$'%+&1&Q,
<' #/' 7+2)#+' -6&' )#' -24#$' ("#' /&' %&+#&' -#/' -6&' #*' 4#++&+' /,*' 2$N,+)#*' -#/' )#*' <' ("#' /,' :&0&' /,' )#Q,+' ("#' 7"#-&H' EF"G' *20$2N24&H
E>20$2N24&' ("#' :&<' ("#' 4#++&+' %,-,*' /,*' 2$N,+)#*H' E>5/,' "$,H' EU,*H' >#' #$4"#$%+&' ("#' )2#$%+&*' )I*' -2N642/' /&' )#%&;' /&' 7#+*,$&' *#
*2#$%#')I*'#$#+02D&-&8'M&*'7#+*,$&*'%#$-#+I$'&'#*N,+D&+*#')I*',')#$,*'-#'&4"#+-,'4,$'/&')&0$2%"-'-#'/&'-2N24"/%&-'-#'/&')#%&]iZ8
}2)'!,//2$*;'4,&"%,+'-#/'/21+,'^,479$(3$7#)(;'4,)#$%&'/&'2)7,+%&$42&'-#'/,'("#'G/'//&)&'^4%$#'9$A#4+I$#,9#643,)$%3#7)'jpXRek;'("#
%+&-"42-,'&/'4&*%#//&$,'*#+6&'`A#%&*'0+&$-#*;'&"-&4#*'<'7#/"-&*a;'7&+&'*#+'"$&'4,)7&V6&'("#'7#+-"+&'#$'#/'%2#)7,8'W/'4,)#$%&'#$'"$
&+%64"/,'7,*%#+2,+'("#'"$&')#%&'pXRe'#*'&("#//&'("#'%2#$#'#$%+#'"$'i['7,+'42#$%,'<'h['7,+'42#$%,'-#'7+,1&12/2-&-#*'-#'4")7/2+*#8'9,
%#$0&')2#-,'-#'7,$#+')#%&*'&0+#*23&*'7,+("#;'&"$("#'$,'*#'4")7/&$;'#$#+02D&$'&'/&',+0&$2D&425$]ih8
n)K&%(,(9$"4',%+,'N&4%,+'("#'*#'+#/&42,$&'4,$'#/'#*%&1/#42)2#$%,'-#'/&*')#%&*'#*'("#'/&'7#+*,$&'/&*'&4#7%#','$,8'=$'&*7#4%,'2)7,+%&$%#
&' 4,$*2-#+&+' #*' ("G' %&$%,' 7&+%2427&' /&' 7#+*,$&' #$' #*%,8' >2' /&' 7#+*,$&' )2*)&' #*%&1/#4#' /&' )#%&;' *#+I' )I*' 7+,1&1/#' ("#' /&' &4#7%#8
!"&$-,'/&')#%&'#*'2)7"#*%&'#C%#+$&)#$%#;'#*'2)7,+%&$%#'("#':&<&'"$'7+,4#*,'-#'$#0,42&425$'7&+&'("#'/&'7#+*,$&'("#'-#1#'&/4&$D&+
/&')#%&'/&'&4#7%#8'K&'&$%#*':#),*':&1/&-,'-#'/&'&"%,$,)6&O'7,+'#*,;'$,'$,*'*,+7+#$-#'("#'/&'7#+*,$&'%#$-#+I'&'+#4:&D&+')#%&*'("#
,%+,*' ("2#+#$' 2)7,$#+/#]ig8' R' 3#4#*;' /,*' Q#N#*' *2)7/#)#$%#' $,*' 2)7,$#$' /&*' )#%&*' <' :&4#$' ("#' $,*' *2$%&),*' 4,$%+,/&-,*' <
7+#*2,$&-,*'7,+'#//&*'%&/'4,),'*#')"#*%+&'#$'/&*'2/"*%+&42,$#*'h]'<'hb8

+'&5%-"/01,)V*)))))))))))))+'&5%-"/01,)VE

!,),'<&'*#':&'32*%,'&$%#+2,+)#$%#;'"$&'+#4,)#$-&425$'("#'N&3,+#4#'("#'/&*'7#+*,$&*'&4#7%#$'/&*
)#%&*' #*' ("#' *#' /#*' -#$' #C7/24&42,$#*' *,1+#' 7,+' ("G' /&' )#%&' ("#' *#' ("2#+#' 7,$#+' #*' 1"#$&' ,
2)7,+%&$%#8'T&)12G$'&<"-&'("#'*#'#*4"4:#$'/&*',72$2,$#*'<'7"$%,*'-#'32*%&'-#'/&'7#+*,$&'&'("2#$'*#
/#' -&' /&' )#%&]i^8' J$' ,4&*2,$#*' "*%#-' $#4#*2%&+I' &*20$&+' )#%&*' ("#' $,' *,$' $#0,42&1/#*8' 9,' -#Q#' -#
%,)&+*#'"$'%2#)7,'7&+&'#C7/24&+'/&'$#4#*2-&-'-#'#//&*'<'*,1+#'%,-,'7#-2+',72$2,$#*'-#/'7#+*,$&/'&'*"
4&+0,8'L,+',%+,'/&-,;'*2'*"'Q#N#'/#'2)7,$#'"$&')#%&'*2$'#C7/24&42,$#*;'1"*("#'"$&'+#"$25$'4,$'G/'<
76-&/#'2$N,+)&425$;'4,)G$%#/#'*"*'7+#,4"7&42,$#*'&/'+#*7#4%,8
K5#7/%(5),7B"%0:(5).7)'"5)97%"5
>2),$*' <' !:&1+2*' j]^^^k' :242#+,$' "$&' 2$3#*%20&425$' #$' -,$-#' *#' N2/)&' &' "$' 0+"7,' -#' &/")$,*
:&42#$-,' 7&*#*' 4,$' "$&' 7#/,%&' -#' 1I*("#%1,/8' M,*' &/")$,*' #*%&1&$' #$' 46+4"/,' <' &/0"$,*' #*%&1&$
3#*%2-,*'-#'1/&$4,'<',%+,*'-#'$#0+,8'>#'/#'72-25'&'"$'0+"7,'-#',1*#+3&-,+#*'("#'32#+&$'#/'32-#,'<
("#' 4,$%&+&$' 4"I$%,*' 7&*#*' :&46&$' #$%+#' #//,*' /&*' 7#+*,$&*' -#' 1/&$4,8' 9,' #*' %&$' *2)7/#' 4,$%&+' /,*

7&*#*'7,+("#'/&*'7#+*,$&*'/,*':&4#$'<'*#')"#3#$;':&42#$-,'-2N642/'N,4&/2D&+'/&'&%#$425$8'L&+&'4,$%&+
/,*' 7&*#*;' /,*' 7&+%2427&$%#*' $#4#*2%&1&$' 4,$4#$%+&425$8' R/' N2$&/' -#/' 32-#,;' *#' /#*' 7+#0"$%5' 4"I$%,*
7&*#*':242#+,$'/&*'7#+*,$&*'-#'1/&$4,O'/&*'+#*7"#*%&*'N"#+,$'3&+2&-&*'<'/#*'4,*%5'7,$#+*#'-#'&4"#+-,8
L#+,'/"#0,;'*#'/#*'7+#0"$%5'*2'32#+,$'&/'0,+2/&8'M,'("#'7&*5'#*'("#')2#$%+&*'/,*'&/")$,*'#$'#/'32-#,
:&46&$'/,*'7&*#*;'7&*5'"$&'7#+*,$&'-2*N+&D&-&'-#'0,+2/&8'>5/,'#/'i['7,+'42#$%,'-#'/&*'7#+*,$&*;'#$
7+,)#-2,;'32,'#/'0,+2/&'#$'#/'32-#,;'#/'+#*%,'$,'#$%#$-6&'-#'("G'0,+2/&'#*%&1&$':&1/&$-,8'J/',%+,'i[
7,+'42#$%,':&16&'#*%&-,'%&$'4,$4#$%+&-,'4,$%&$-,'/,*'7&*#*'("#'$2'*#'7#+4&%5'-#/'0,+2/&8
EF"G' 7&*5H' EL,+' ("G' /&*' 7#+*,$&*' $,' 32#+,$' "$' 0,+2/&' ("#' #*%&1&' 4/&+&)#$%#' #$' #/' 32-#,H' M&
+#*7"#*%&' %2#$#' ("#' 3#+' 4,$' #/' N#$5)#$,' -#' 4#0"#+&' -#' &%#$425$8' J*%#' N#$5)#$,' ,4"++#' 4"&$-,' /&*
7#+*,$&*' 4,$4#$%+&$' *"' &%#$425$' #$' "$' I+#&' -#/' )"$-,' <' $,' /,0+&$' 7#+4212+' ,1Q#%,*' 2$#*7#+&-,*8
!"&$-,'*#'/#*'),*%+5'&'/&'&"-2#$42&'#/'32-#,'7,+'*#0"$-&'3#D;'&("#//,*'("#'$,':&16&$'32*%,'&/'0,+2/&
$,'/,'7,-6&$'4+##+8
=$'#*%"-2,')I*'+#42#$%#]Z['#$4"#$%+&'("#'-#12-,'&'#*%#'7+,1/#)&;'"$'gY'7,+'42#$%,'-#'+&-25/,0,*
$,'7"#-#$'3#+'#/'`0,+2/&a'#$'"$&'2)&0#$'-#'#*4I$#+8'L#$*&),*'%&$%,'#$'&("#//,'#$'/,'("#'#*%&),*
4#$%+&-,*'("#'$,'3#),*'/,'("#'7&*&'&/+#-#-,+'$"#*%+,8'L,+'/,'%&$%,;':&<'("#'%#$#+'4"2-&-,'-#'/,'("#
/#'-#42),*'&'/&'0#$%#'*,1+#'N,4&/2D&+*#;'7"#*'("2DI*'7"#-&$'7#+-#+*#'/,*'0,+2/&*8
J$'"$&'#)7+#*&;'"$'Q#N#'7,-+6&'#*%&+'%&$'4#$%+&-,'#$'/&')#%&'("#'7,-+6&'$,'3#+'/,'("#'7&*&'#$'/,*
,%+,*'%+&1&Q&-,+#*;'%&/'4,),'*#'3#'#$'/&'2/"*%+&425$'hY8

+'&5%-"/01,)VF

!7B&7-").7)"%7,/01,d)/(9()/(,57/&7,/0"),7B"%0:"
\#4"#+-#'("#'$,'1&*%&'4,$'%#$#+'"$&')#%&'*2$,'("#'%&)12G$'%,)#'#$'4"#$%&'%,-,'/,'+#4,)#$-&-,
&$%#+2,+)#$%#8' J*' 2)7,+%&$%#' #*%&1/#4#+' "$&' /,' *"N242#$%#)#$%#' -2N642/' <' #*7#46N24&;' -&+' ,' +#4212+
+#%+,&/2)#$%&425$;' <' ("#' *#&' 7+,72&;' ,' -&-&' 7,+' ,%+,' 7#+,' ("#' *#' #C7/2("#$' /&*' +&D,$#*' -#' *"
2)7,+%&$42&;'<'("#'3#$0&'-&-&'7,+'"$&'7#+*,$&'#$'/&'("#'*#'4,$N6&8

!"#$%&'()V
;5%".(5)79(/0(,"'75

;5%".(5)79(/0(,"'75)/(9()9(%0:".(-75

!"#)$2&R3+&)$63)#)$I$7#)$2G)$83'4(#)$&'$&7$2,'93$'3$)&$*,&9&'
5&+$(36#+<$P&$9&8&'$)&'(4+$&'$&7$63+#J1'B8
<(8(0&J(88(%

R' 4,$%2$"&425$' 7+#*#$%&+#),*' &/0"$,*' #*%&-,*' ),%23&42,$&/#*' %&/#*' 4,),' #/' )2#-,;' /&' 4"/7&;' /&
3#+0t#$D&;'/&'-23#+*25$'<'/&'#*7#+&$D&8
=$'4&$-2-&%,'&'/&'7+#*2-#$42&'-#'L#+B'-2Q,'/,'*20"2#$%#'Q"*%,'&$%#*'-#'/&*'#/#442,$#*?'`9,'-#$'"$
7&*,' &/' 3&46,a;' +#N2+2G$-,*#' &' /&*' 4,$*#4"#$42&*' -#' 3,%&+' 7,+' *"' ,7,*2%,+8' J*%&' N+&*#' 7+#%#$-6&
2$*72+&+')2#-,'#$'/,*'3,%&$%#*'7&+&'),%23&+/,*'&'3,%&+'7,+'G/'#$'/&*'#/#442,$#*8
`>2'$,':&4#),*'#/'4&)12,;'3&),*'&'("#1+&+a;'G*&'#*'/&'%6724&'N+&*#'"%2/2D&-&'7,+'#)7+#*&+2,*'("#
-#*#&$' :&4#+' ),-2N24&+' &/0,' 7+,N"$-,' #$' /&' #)7+#*&' <' ("2#+#$' ),%23&+' &' /&' 0#$%#' ("#' %#)#' &' /&
%+&$*2425$8'J*%#'%27,'-#'4,)"$24&42,$#*'("#'2$*72+&$'"$'*#$%2-,'-#'4+2*2*'*,$'*"0#+2-&*'7,+'#/'&"%,+
},:$'c,%%#+;'("#'7+,7,$#'("#'7&+&'("#'/&'0#$%#'4&)12#'$#4#*2%&'#C7#+2)#$%&+'"$'*#$%2-,'-#'"+0#$42&;
#$')"4:,*'4&*,*'0#$#+&-,'7,+'#/')2#-,8'J/')2*),'7+,7,$#'("#'*2'$,'#C2*%#'"$&'4+2*2*'#$'/&'#)7+#*&;
("#'#/'#)7+#*&+2,'/&'4+##'7&+&'2$*%&/&+'#*#'*#$%2-,'-#'"+0#$42&8
;')907.(
J/' )2#-,' *#' 0#$#+&' 4"&$-,' "$&' 7#+*,$&' 7#+421#' "$&' *2%"&425$' 4,),' 7,%#$42&/)#$%#' 7#/20+,*&' <
&)#$&D&$%#8' J*%,*' 7#/20+,*' <' &)#$&D&*' 7#+4212-,*' 7"#-#$' *#+' 7*24,/5024,*' ,' N6*24,*8' `J/
-#$,)2$&-,+'4,)B$'#$'%,-&*'/&*'*2%"&42,$#*'-#*#$4&-#$&$%#*'-#/')2#-,'#*'*"'4&7&42-&-'7&+&'7,$#+
#$' N"$42,$&)2#$%,' #/' *2*%#)&' -#' 4,$-"4%&' -#' #)#+0#$42&' #$' #/' 2$-232-",' ("#' *2#$%#' )2#-,;' ("#
7+,7,+42,$&'/&'&4%23&425$'$#4#*&+2&'7&+&'#32%&+',':"2+'-#'/&'*2%"&425$a]Z]8
J/')2#-,'#*'/&'#*%+&%#02&')I*'4,)B$'"*&-&'#$'/&*'#)7+#*&*'7&+&'0#$#+&+'4&)12,*;'N"$42,$&'7&+&
),%23&+;' 7#+,' *2' /&*' 7#+*,$&*' $,' 3#$' #*%+&%#02&*' 7&+&' )2$2)2D&+' /&' &)#$&D&;' 7"#-#' %#$#+' #/' #N#4%,
$#0&%23,'-#'7&+&/2D&+/,*8'L,+',%+,'/&-,;'#/')2#-,'#*'"$&'#),425$'-#*&0+&-&1/#;'<'%2#$#'#/'#N#4%,'-#
4,$4#$%+&+' $"#*%+&' &%#$425$' <' :&4#+' ("#' $"#*%+&' )#$%#' 4,$3#+Q&;' 7,+' /,' %&$%,' 3&' #$' 4,$%+&' -#' /&
4+#&%232-&-8' =*&+' #/' )2#-,' 4,),' "$' ),%23&-,+' 2$242&/' 7"#-#' %#$#+' *#$%2-,;' 7#+,' *2' /,' +#4,+-&),*
4,$*%&$%#)#$%#;'3&),*'&'0#$#+&+'"$'#$%,+$,'("#'$,'#*%2)"/&'/&'2$$,3&425$8
W*%&*' *,$' N+&*#*' %6724&*' -#' "$' Q#N#' ("#' "*&' #/' )2#-,' 4,),' *"' 7+2$427&/' #*%+&%#02&?' `>2' $,
&/4&$D&),*'/&*')#%&*;'#$%,$4#*')#Q,+'3&<&$'1"*4&$-,',%+,'%+&1&Q,a;'`>2'$,'&/4&$D&*'/,*',1Q#%23,*;
$,'*G'("G'3&'&'7&*&+a;'`>2'$,'),*%+&),*')&<,+'7+,-"4%232-&-;'3&$'&'+#-"42+'7#+*,$&/a8

J/')2#-,'#*'"$&'#),425$'("#'$,*':&4#'*#$%2+'4,$%+,/&-,*'7,+'"$&'&)#$&D&'("#'/&')&<,+6&'-#'/&*
3#4#*'3&),*'&'%+&%&+'-#'#32%&+8'J*'2)7,*21/#'*#$%2+*#'),%23&-,'2$%+6$*#4&)#$%#'*2'*#$%2),*')2#-,8
R' 7#*&+' -#' *"*' 4,*%,*;' #/' )2#-,' #*' )"<' "*&-,;' 7,+' #Q#)7/,;' #$' /&' 7"1/242-&-8' =$' #Q#)7/,' #*' /&
4&)7&V&' 7&+&' -#Q&+' -#' N")&+;' -,$-#' *#' )"#*%+&$' %#++21/#*' N,%,0+&N6&*' -#' 7#+*,$&*' &' /&*' ("#' /#*
:&16&$'&)7"%&-,'/,*'-#-,*'7,+'N")&+;',%+,*'("#'+#*72+&1&$'7,+'"$',+2N242,'7,+("#'$,'%#$6&$'/&+2$0#'<
,%+,*;'<&'N&//#42-,*;'4,$'#/'7"/)5$'7,-+2-,'-#'"$'N")&-,+8
J/' )2#-,;' 4,),' %,-&' #),425$;' %2#$#' "$&' -"+&425$' 4,+%&8' l$*%&/&+' #*%&-,*' #),42,$&/#*' #$' /&*
7#+*,$&*' #*' B%2/' 4"&$-,' $#4#*2%&),*' ("#' #//&*' &4%B#$' #$' /&*' *20"2#$%#*' :,+&*8' L#+,' /,*' #*%&-,*
#),42,$&/#*'$,'*,$'),%23&-,+#*'-#'/&+0,'7/&D,8'K'/,*'#N#4%,*'-#'/,*'#*%&-,*'#),42,$&/#*'$#0&%23,*
*,$'#$'0#$#+&/'7#+Q"-242&/#*'j<&':#),*'32*%,'/,*'#N#4%,*'4"&$-,':&1/&),*'-#/'4&*%20,k8'A"4:&*'3#4#*
#/')2#-,'3&'&*,42&-,'4,$'#/'%#),+'&/'4&*%20,8'J$'/&*',+0&$2D&42,$#*'*#':&'#$4,$%+&-,'("#'#/'%#),+
2$:21#'#/'%,)&+'+2#*0,*;'<'#/'%+&1&Q&-,+'#*%&+I')I*'12#$'7+#,4"7&-,'7,+'$,'4,)#%#+'#++,+#*;'7,+'/,
("#' -2+I$' /,*' -#)I*;' 7,+' #/' )2#-,' &' /&' 2$4#+%2-")1+#' ,' 7,+' #/' )2#-,' &' N&//&+]Zb;' <' $,' #*%&+I
7+#,4"7&-,'7,+'7/&$%#&+'&442,$#*'$,3#-,*&*','7,+'*#+'7+,&4%23,8'!"&$-,'/&*'4,)7&V6&*'"%2/2D&$'#/
)2#-,' 7&+&' ),%23&+' &' *"*' #)7/#&-,*;' ("#' "*"&/)#$%#' *#' //#3&' &' 4&1,' &' %+&3G*' -#' *"*' 0#+#$%#*' ,
*"7#+32*,+#*;' G*%,*' 7,-+6&$' 7+#*#$%&+' -2*)2$"425$' #$' /&' 7+,-"4%232-&-;' #$' #/' I$2),;' <' %&)12G$
&")#$%&'/&'+,%&425$;'/&'N&/%&'-#'*&%2*N&4425$'#$'#/'%+&1&Q,]ZY;','*#'#*N,+D&+6&$'*5/,'/,'*"N242#$%#'7&+&
#32%&+'#/'4&*%20,]Zf8

;')AB&0'")M)'")B"''0,"
!"#$%&$'("#'"$'I0"2/&'/#'-#46&'&'"$&'0&//2$&?
@xF"G')&/'&0+&-#42-&'("#'#+#*'%By'T"'-"#V,'%#')&$%2#$#'-"+&$%#'%,-&'/&'32-&;'%#'&/2)#$%&;'%#'4"2-&'-#'/&*'1#*%2&*'<
E("G':&4#*'%BH'!,)2#$D&*'&'4,++#+'7,+'#/'%#Q&-,;'*&/%&*'-#'"$'/&-,'&',%+,;'%#'#*4&7&*'<'$,'%#'-#Q&*'&%+&7&+8'J$'4&)12,
<,;'#*%,<'7,4,'%2#)7,'&4I'7#+,'*,<')I*'&0+&-#42-,'("#'%B8'K,'*G'45),'-#1,'7,+%&+)#'<'-#),*%+&+/#')2'0+&%2%"-'&')2
&),?'4"&$-,')#'//&)&;'3,<'2$)#-2&%&)#$%#'<')#'7,*,'#$'*"'1+&D,8
R'/,'("#'/&'0&//2$&'+#*7,$-25?
@F"2DI*'%#$0&*'+&D5$;'7#+,'-2)#;'E&/0"$&'3#D':&*'32*%,'&'"$'I0"2/&'&*&-&H

!,),' 4,)#$%&' /&' :2*%,+2&;' #/' )2#-,' :&4#' 4,++#+' &' /&' 0&//2$&8' L#+*,$&/)#$%#;' *&/3,' ("#' $,' %#$0&
,%+&' ,7425$;' %+&%,' -#' #32%&+' 2$*%&/&+' #*%&-,*' #),42,$&/#*' -#' )2#-,8' JC2*%#$' ,%+&*' N,+)&*' )I*
7,*2%23&*'-#'),%23&+'&'/&*'7#+*,$&*'&'4&)12&+8
R*6;'#*7#42&/)#$%#'#$'#/'4,$%#C%,'/&1,+&/;'/,*'4&*%20,*'7"#-#$'*#+'32*%,*'4,$')&<,+'4/&+2-&-'4,),

#*%+&%#02&*'-#'4,$%+,/8
D")/&'#"
`A2+#$'%,-,'/,'("#':#':#4:,'7,+'"*%#-#*'<'E$,'7"#-#$':&4#+'#*%,'7#("#V,'("#'/#*'72-,Ha8'W*%&'#*
/&'%6724&'&N2+)&425$'-#'"$'7&-+#;'Q#N#','7+,N#*,+'7&+&'%+&%&+'-#'2$*%&/&+'#/'#*%&-,'#),42,$&/'-#'4"/7&
7&+&'),%23&+':&42&'"$&'4,$-"4%&'-#%#+)2$&-&8'A"4:,*'#Q#4"%23,*'4&+0&$'#/'7#*,'-#'/&'4"/7&'&'-2&+2,
#$'*"*',N242$&*;'4,),')"#*%+&'/&'2/"*%+&425$'hf8

+'&5%-"/01,)VH

M&'4"/7&','/&'3#+0t#$D&'*"+0#$'4"&$-,'*#$%2),*'("#':#),*'N&//&-,'#$'&/0B$'*#$%2-,8'L,+'"$'/&-,;
/&'3#+0t#$D&'#*'"$&'#),425$'("#'*"+0#'-#'/&'-#*&7+,1&425$'-#'/,*'-#)I*'4"&$-,'*#$%2),*'("#'$,
:#),*' &/4&$D&-,' 42#+%,*' #*%I$-&+#*8' M&' 4"/7&' #*' )I*' 12#$' "$&' #),425$' 7+23&-&' ("#' *"+0#' -#' /&
7+,72&'-#*&7+,1&425$;'4"&$-,'*#$%2),*'("#':#),*'%+&$*0+#-2-,'42#+%&*'$,+)&*','+#0/&*]Zi8
R/'20"&/'("#'#/')2#-,;'/&'4"/7&'%2#$#'"$'#N#4%,'4,$%+,/&-,+'#$'/&*'7#+*,$&*8'=$,'*2#$%#'("#'%2#$#
("#':&4#+'&/0,;'("#'7,*21/#)#$%#'$,'("2#+&':&4#+;'*5/,'7&+&'$,'*#$%2+*#'-#*&7+,1&-,'7,+',%+,*8
M&'4"/7&'#*'*2$'-"-&'"$'),%23&-,+')"<'"*&-,'#$'/&*'4&)7&V&*'7"1/242%&+2&*'-#'/&*'#$%2-&-#*'*2$
N2$#*'-#'/"4+,8'L,+'#Q#)7/,;'#*'%6724,'3#+'&'#$%2-&-#*'("#'*#'-#-24&$'&'1"*4&+'*#0"+2-&-'&/2)#$%&+2&;
%+&%&$-,'-#'4,$*#0"2+'-,$&42,$#*;'4,/,4&$-,'N,%,0+&N6&*'%+2*%#*'-#'7#+*,$&*'-#*$"%+2-&*8'R/'3#+'/&*
2)I0#$#*;'2$4,$*42#$%#)#$%#'*#$%2),*'4"/7&'-#'("#'$,*,%+,*'#*%&),*')#Q,+'<'$,'#*%&),*':&42#$-,
$&-&' &/' +#*7#4%,' j:#),*' 32*%,' ("#' 4"&$-,' /&' ),%23&425$' *#' 1&*&' #$' 3#+0t#$D&' ,' #$' 4"/7&' @
),%23&425$'2$%+,<#4%&-&@'/,*'+#*"/%&-,*'$,'*,$'57%2),*;'/&'),%23&425$'$,'#*'-#'1"#$&'4&/2-&-k8
X&<'$#0,42,*'("#'*#'1&*&$'#$'/&'4"/7&;'4,),'#/'$#0,42,'N"$#+&+2,8'_2$&/)#$%#;'/,'("#'*#'4,)7+&
#*'"$'&%&B-'("#'*#'#$%2#++&'7&+&'*2#)7+#;'*5/,'*#'3#'7,+'"$&*':,+&*'<'/&'7#+*,$&'("#'#*%I'&-#$%+,':&

N&//#42-,'<'$,'*2#$%#'$2$0"$&'4,),-2-&-8'>2$'#)1&+0,;'#*'%6724,'#$4,$%+&+'3#$-#-,+#*'("#'/#*'-24#$'&
/,*'-#"-,*?'`>"'7&-+#','*"')&-+#'*#')#+#4#'/,')#Q,+a8'A,%23&-,*' 7,+'/&'4"/7&;'4,)7+&$'&%&B-#*
)I*'4&+,*8
J$' "$&' #)7+#*&' 1&$4&+2&;' #/' 0#+#$%#' -#/' 1&$4,' /#*' 7"*,' &' %,-,*' *"*' #Q#4"%23,*' #$' *"' +#"$25$
)#$*"&/'"$&'//&)&-&'-#'("#Q&'-#'"$,'-#'*"*'4/2#$%#*8'J/'4/2#$%#'*#'("#Q&1&'-#'/&'&%#$425$'-#/'1&$4,
#$'"$&'&0#$42&;'7#+,'/&*'4&"*&*'-#'/&'("#Q&'%#$6&$'("#'3#+'4,$'/,*'7+,4#*,*'2$%#+$,*'<'("#'#/'1&$4,
#+&')"<'1"+,4+I%24,'<'/#$%,8'M&'("#Q&'#+&'-#*&*%+,*&;'<'0#$#+&1&'3#+0t#$D&'<'4"/7&8'J/'1&$4,'"*5'#*%&
#*%+&%#02&'7&+&'),%23&+'&'/&'0#$%#'&'-&+/#'2)7,+%&$42&'&'/&')#Q,+&'-#'7+,4#*,*8
M&'#$%+#$&-,+&'-#'3,/#21,/'-#'L#+B;'9&%&/2&'AI/&0&;'#*'N&),*&'7,+'/,*'-2*4"+*,*'4,/G+24,*'<':&*%&
&0+#*23,*' ("#' /#*' -&' &' *"*' Q"0&-,+&*8' J//&' #*' "$&' #C7#+%&' #$' /&' ),%23&425$' 7,+' /&' 4"/7&' <' /&
3#+0t#$D&8'!"&$-,'"$,'3#'/&*'`7&+&-&*a'#$'#/'7&+%2-,'("#'/&'#$%+#$&-,+&':&4#'7&+&'4,$3#+*&+'4,$
*"*'Q"0&-,+&*;'/#*'`)#%#a'3#+0t#$D&'<'4"/7&'7&+&'),%23&+/&*'&'("#'-#$')I*'#$'#/'7&+%2-,8'R'9&%&/2&
/#':&'N"$42,$&-,'1&*%&$%#'12#$'*"'#*%+&%#02&;'<&'("#'*5/,'+#("2#+#'("#')&$%#$0&$'/&'),%23&425$'7,+
"$&*' 7,4&*' :,+&*8' >2$' #)1&+0,;' E("G' 7&*&' #$' #/' /&+0,' 7/&D,H' EF"G' 7&*&' 4,$' 45),' *#' *2#$%#$' /&*
7#+*,$&*H'R:,+&;'*2'<,'N"#+&'Q"0&-,+'-#'-24:&'*#/#4425$;'4+#,'("#'/&'-#Q&+6&8
R/' 20"&/' ("#' #/' )2#-,;' #$' )2*' 4,$*"/%,+6&*' %+&%,' -#' #32%&+' /&' 4"/7&' 7,+("#' #*' "$&' #),425$' )"<
-#*&0+&-&1/#'<'("#'/2)2%&'/&'&"%,$,)6&'-#'/&*'7#+*,$&*8'JC2*%#$',%+&*'#),42,$#*'-#*&0+&-&1/#*'("#
%&)12G$'),%23&$;'4,),'#/'&*4,'<'/&'+&12&;'#$%+#',%+&*8
;9(/0(,75)"B-"."8'75
`>2' $,*' #*N,+D&),*' 3&),*' &' *#+' #/' )#Q,+' #("27,' ("#' :&' #C2*%2-,a8' `9,' 7#$*#),*' #$' $,*,%+,*
)2*),*;'7#$*#),*'#$'$"#*%+,*'4/2#$%#*;'#$'45),':&4#),*'/&'-2N#+#$42&'#$'*"*'32-&*888'a8
J$'&)1,*'4&*,*'*#'%+&%&'-#'2$*%&/&+'#),42,$#*'7,*2%23&*;'/&'7+2)#+&'+#/&42,$&-&'4,$'#/',+0"//,'<'/&
*#0"$-&'+#/&42,$&-&'4,$'/&'#*7#+&$D&8
M&*' #),42,$#*' &0+&-&1/#*' %&)12G$' ),%23&$;' 7#+,' &' -2N#+#$42&' -#' /&*' -#*&0+&-&1/#*' %2#$#$' "$&
*#+2#' -#' 1#$#N242,*8' J$' 7+2)#+' /"0&+;' &)7/6&$' $"#*%+&' 4&7&42-&-' -#' 3#+' #/' %,-,' <' $,*' -&$
7#+*7#4%23&]ZZ8' J$' *#0"$-,' /"0&+;' $,*' -&$' N"#+D&' <' $,*' 7+#7&+&$' 7&+&' #$N+#$%&+' N"%"+&*' *2%"&42,$#*
-2N642/#*8' M&*' #),42,$#*' 7,*2%23&*' $,*' :&4#$' *#$%2+$,*' )#$,*' 4,$%+,/&-,*' <' &")#$%&$' $"#*%+&
4+#&%232-&-'<'#/'&7+#$-2D&Q#8
M&' #),425$' 7,*2%23&' %&)12G$' #*' "*&-&' #$' /,*' 4,)#+42&/#*' &' %+&3G*' -#/' :"),+8' M,' ("#' :&$
#$4,$%+&-,' /,*' &$"$42&$%#*' #*' ("#' /,*' 4,)#+42&/#*' 4+#&%23,*;' 4,$' :"),+;' /,*' -2*%2$0"#$' )#Q,+' -#/
+#*%,;'*,$')I*'+#4,+-&-,*'<'0#$#+&$'"$&'&4%2%"-'7,*2%23&':&42&'#/'7+,-"4%,8
J$'"$'#*%"-2,'#$'"$&'121/2,%#4&'&'"$'0+"7,'-#'&/")$,*'*#'/#*':2D,'3#+'"$&'4&+24&%"+&'0+&42,*&'("#
0#$#+&1&'+2*&*'<'&',%+,'0+"7,'$,8'R'&)1,*'0+"7,*'*#'/#*'72-25'"$'7#-&D,'-#'7&7#/8'J/'0+"7,'("#'32,

/&'4&+24&%"+&'0+&42,*&'#*%"3,')I*'-2*7"#*%,'&'#$%+#0&+'#/'7#-&D,'-#'7&7#/8'J*'-#42+;'4"&$-,'#*%&),*
#$'"$'#*%&-,'#),42,$&/'&0+&-&1/#'#*'NI42/'),%23&+$,*':&42&'"$&'4,$-"4%&'-#%#+)2$&-&]Zh8
`L"#-#'("#'$,*'("2%#$'/&'32-&;'7#+,'Q&)I*'$,*'("2%&+I$'/&'/21#+%&-a8'EF"2G$'-2Q,'#*%&*'7&/&1+&*H
M,')I*'7+,1&1/#'#*'("#'/&')&<,+6&'-#'/,*'/#4%,+#*'/&*'+#4"#+-#8'>,$'/&*'7&/&1+&*'("#'"*&'u2//2&)
u&//&4#'#$'/&'7#/64"/&'03+#J1'$5#74&'(&'j^+#5&A&#+(k'7&+&'),%23&+'&'*"'/2)2%&-,'#QG+42%,'#*4,4G*'&
/"4:&+' 4,$%+&' #/' 0+&$' #QG+42%,' 2$0/G*8' J$' #*%#' 4&*,;' u&//&4#' /,0+&' 2$*%&/&+' "$' #*%&-,' #),42,$&/
&0+&-&1/#' -#' #*7#+&$D&' #$' *"' 0#$%#' ("#' /&' ),%23&' &' -&+' %,-,' -#' *6' 7&+&' 3#$4#+' &' "$' #QG+42%,' ("#
7&+#46&'2$3#$421/#8
M,*' -2*4"+*,*' ("#' 2$*%&/&$' #*%&-,*' #),42,$&/#*' 7,*2%23,*' *,$' "$&' #C4#/#$%#' #*%+&%#02&' 4"&$-,
("#+#),*'("#'/&*'7#+*,$&*'*#'),%23#$'&'-&+'%,-&'*"'#$#+06&'#$'#/')"<'4,+%,'7/&D,8'>,$'/,*'-2*4"+*,*
("#' -&$' /,*' #$%+#$&-,+#*' &' *"*' #("27,*' &$%#*' -#' #$%+&+' &' /&' 4&$4:&;' ,' /&*' 7&/&1+&*' -#/' 0#+#$%#' -#
3#$%&*'7&+&'),%23&+'&'*"*'3#$-#-,+#*'&'/,0+&+'*"'7+#*"7"#*%,8
J$'/&')#%,-,/,06&'-#/'-2I/,0,'&7+#42&%23,]Zg;'"$&')#%,-,/,06&'-#'4&)12,;'/,'7+2)#+,'("#'*#'/#*
72-#'&'/,*'7&+%2427&$%#*'#*'("#'4,)7&+%&$'&/0"$&':2*%,+2&'-#'GC2%,'#$'*"*')#*&*8'M"#0,'*#'4,)7&+%#$
/&*':2*%,+2&*'-#'GC2%,'-#'N,+)&'&12#+%&'<'*#'%,)&'$,%&'-#'%,-,'/,'7,*2%23,'("#'%2#$#'/&',+0&$2D&425$8
M"#0,;' #$' #*#' #*%&-,' %&$' 7,*2%23,;' *#' *"#V&' 4,$' /&' 32*25$' <' *#' %+&D&$' 7+,<#4%,*' -#' )#Q,+&' 7&+&
&/4&$D&+/&8' J/' ),%23&-,+' 7+2$427&/' #*' "$' #*%&-,' #),42,$&/' 7,*2%23,8' J/' -2I/,0,' &7+#42&%23,' #*' "$&
#*%+&%#02&'-#'4&)12,'%,%&/)#$%#',7"#*%&'&'/&'#*%+&%#02&'-#'*#$%2-,'-#'"+0#$42&'<')2#-,'7+,7"#*%&'7,+
c,%%#+8

O().7]"-)7,%-"-)'")0-"
!"#$%&$'("#':&16&'"$':,)1+#'("#'%#$6&'1+"*4,*'&%&("#*'-#'2+&'("#'#*%&1&$'&N#4%&$-,'&'*"'N&)2/2&8'J/':,)1+#'N"#'&
1"*4&+'&/')&#*%+,'<'/#'72-25'4,$*#Q,?
@A&#*%+,;'E45),':&0,'7&+&'-#Q&+'-#'%#$#+'&%&("#*'-#'2+&H
@A"G*%+&)#'%"'2+&'&:,+&'@/#'-2Q,'#/')&#*%+,8
@9,'7"#-,'7,+("#':&'-#*&7&+#42-,'@/#'-2Q,'#/':,)1+#8
@M,'("#'7&*&'#*'("#'$,':&*'3#$2-,'/,'*"N242#$%#)#$%#'+I72-,'&'1"*4&+)#;')I*'12#$;'#*%&%#'&/#+%&'<'/&'7+5C2)&'3#D
("#'%#'7&*#;'32#$#*'4,++2#$-,'@/#'2$-245'#/')&#*%+,8
M&'7+5C2)&'3#D'("#'#/':,)1+#'%"3,'"$'&%&("#'-#'2+&'*&/25'4,++2#$-,'&'1"*4&+'&/')&#*%+,;'7#+,'#$'/&'7"#+%&'-#'/&'4&*&
<&'$,'*#$%6&'$&-&'<'+#0+#*58'R*6'/,':2D,'3&+2&*'3#4#*;'7#+,'$"$4&'4,$*#0"6&'("#-&+*#'#$'*"'#*%&-,'-#'2+&8'R*6'("#'N"#
&'1"*4&+'&/')&#*%+,'<'/#'-2Q,?
@A&#*%+,;':#'3#$2-,'3&+2&*'3#4#*;'7#+,'#$'#/'4&)2$,'*#'3&'/&'2+&;'$,'*#'/&'7"#-,'),*%+&+8
@J*' #C&4%&)#$%#' /,' ("#' ("#+6&' ("#' &7+#$-2#+&*;' ("#' /&' 2+&' $,' #*' %"<&;' *5/,' %#' %,)&' <' %#' -#Q&' +I72-&)#$%#8' M&
7+5C2)&'3#D'("#'("2#+&'%,)&+'%"')#$%#;'$,'/&'-#Q#*'#$%+&+8

!,),')"#*%+&'/&':2*%,+2&;'/,*'#*%&-,*'#),42,$&/#*'%2#$#$'4,+%&'-"+&425$8'M,*'#*%&-,*'#),42,$&/#*
&0+&-&1/#*'),%23&$;'7#+,'$,'+##)7/&D&$'&'"$&'#*%+&%#02&'-#'),%23&425$'2$%+6$*#4&8

I0:7-501,4)B7,7-",.()75%".(5)79(/0(,"'75
6&7)3"B",)6&7)7')%079#()#"57):('",.(

!"#$1*&+#$&)$,'#$8&77#$&$42*3+(#'(&$945&+)41'$*#+#$2@B8
A:)*$02&E$+$%244*

D"),0f0%")6&7)'7)7,57f1)")'")#-(U75(-"
=$&'$2V2%&'#*%&1&'4,$3#+*&$-,'*,1+#'/&*'1&//#$&*'4,$'*"'7+,N#*,+&8'M&')&#*%+&'/#'-2Q,'("#'#+&'N6*24&)#$%#'2)7,*21/#
("#' "$&' 1&//#$&' *#' %+&0&+&' &' "$' *#+' :")&$,' 7,+("#' &"$("#' #+&' "$' )&)6N#+,' )"<' 0+&$-#;' *"' 0&+0&$%&' #+&' )"<
7#("#V&8'M&'$2V&'&N2+)5'("#'},$I*':&16&'*2-,'%+&0&-,'7,+'"$&'1&//#$&8'l++2%&-&;'/&'7+,N#*,+&'/#'+#72%25'("#'"$&'1&//#$&
$,'7,-6&'%+&0&+*#'&'$2$0B$':")&$,O'N6*24&)#$%#'#+&'2)7,*21/#8'M&'$2V2%&'-2Q,?'`!"&$-,'//#0"#'&/'42#/,'/#'3,<'&'7+#0"$%&+
&'},$I*a8'M&')&#*%+&'/#'7+#0"$%5;'`EK'("G'7&*&'*2'},$I*'*#'N"#'&/'2$N2#+$,Ha8
M&'$2V&'/#'4,$%#*%5?'`J$'#*#'4&*,;'#$%,$4#*'/#'7+#0"$%&'"*%#-a]Z^8

J/'4:2*%#;'#/':"),+;'/&'-23#+*25$'*,$'7&+%#'-#'$"#*%+&'32-&8'>2$'#)1&+0,;'7&+&')"4:,*;'/&'-23#+*25$
<' #/' %+&1&Q,' *,$' 32*%,*' 4,),' *2' N"#+&$' -,*' 7&/&1+&*' ,7"#*%&*' -#' "$' 4,$%2$",;' %&/' 4,),' )"#*%+&' /&
2/"*%+&425$'hi8
T+&1&Q,'mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm'U23#+*25$
+'&5%-"/01,)VJ

!"&$-,'#$')2*'%&//#+#*'/#*'72-,'&'/,*'7&+%2427&$%#*'("#'-20&$'("G'7&/&1+&*'#*%I$'+#/&42,$&-&*'4,$
/&'7&/&1+&'%+&1&Q,;'/&*'+#*7"#*%&*')I*'N+#4"#$%#*'*,$'/&*'*20"2#$%#*?
o'S1/20&425$
o'\#*7,$*&12/2-&o'>"#/-,
o'R1"++2)2#$%,
o'J*%+G*
o'_/,Q#+&
o'U#1#+

X&*%&' &:,+&;' $"$4&' :&$' -24:,' /&' 7&/&1+&' -23#+*25$8' J*' 4,),' *2' N"#+&$' 7&/&1+&*' 4,$%+&+2&*8' J/
%+&1&Q,' /,' &*,42&$' 4,$' &/0,' *#+2,;' )I*' 4,$%+,/&-,+;' 4,),' &/0,' ("#' -#1#$' :&4#+8' L#+,' /,*' *#+#*
:")&$,*'$#4#*2%&),*'+#/&Q&+$,*;'7&*&+/&'12#$;'-23#+%2+$,*8'X,<'#$'-6&;'#/'%+&1&Q,'%+&#')"4:,'#*%+G*;'<
/&'-23#+*25$'#*'"$&'N,+)&'-#'4,$%+&++#*%&+'#/'#*%+G*'<'-#'//#$&+'-#'7,*2%232-&-'#/'&)12#$%#'/&1,+&/8
J$'"$&'2$3#*%20&425$'*#'#$4,$%+5'("#'#/'-23#+%2+*#'<'%#$#+'*#$%2-,'-#/':"),+'#$'#/'%+&1&Q,'$,'*5/,
+#-"4#' #/' #*%+G*;' *2$,' ("#' &-#)I*' &4#+4&' &' /&*' 7#+*,$&*;' )#Q,+&' /&' 4,)"$24&425$' <' /&
7+,-"4%232-&-]h[8
e+&3#*'<'4,/&1,+&-,+#*]h]'+#&/2D&+,$'"$'#*%"-2,'4,$'%+#*42#$%,*'4"&+#$%&'<'*#2*'0#+#$%#*'j#$%+#'bg
<' Z^' &V,*' -#' #-&-k' #$' #/' ("#' #3&/"&+,$' *"' ),%23&425$' <' +#$-2)2#$%,' #$' #/' %+&1&Q,' j)#-2&$%#' "$&
#3&/"&425$'YZ['0+&-,*k8'M,*'0#+#$%#*'("#'+#7,+%&+,$'-2*N+"%&+')I*'*"'%+&1&Q,;'#*'-#42+;'&("#//,*'("#
+#7,+%&+,$' ("#' *"' %+&1&Q,' #+&' 2$%#+#*&$%#;' 7/&4#$%#+,' <;' 4,),' 4,$*#4"#$42&;' -23#+%2-,;' ,1%"32#+,$
)&<,+#*'$23#/#*'-#'+#$-2)2#$%,8
!,),' *#' )"#*%+&' #$' /&' 2/"*%+&425$' hZ;' #$' /"0&+' -#' *#+' -,*' 7&/&1+&*' ,7"#*%&*' -#' "$' 4,$%2$",;' /&
-23#+*25$'<'#/'%+&1&Q,'*,$'4,$4#7%,*'4,)7/#)#$%&+2,*8

+'&5%-"/01,)VS

J$' #/' 4&76%"/,' -#/' ),%23&-,+' -#' 4,)7#%#$42&' 4,)#$%&),*' ("#' 4"&$-,' /&*' 7#+*,$&*' #$%+&$' #$' /&
N+&$Q&'-#'N/"Q,'57%2),','L73_;'#*'-#42+;'4"&$-,'%2#$#$'"$'+#%,'&'/&'&/%"+&'-#'*"*'%&/#$%,*;'*#'-232#+%#$'<
*#' +#&/2D&$8' =$,' 7"#-#' 4,$*#0"2+' ("#' /&*' 7#+*,$&*' *#' -232#+%&$' 4"&$-,' #*%I$' #$' /&' N+&$Q&' -#' N/"Q,
57%2),','L73_8
L#+,'#*%&+'#$$L73_'%,-,'#/'%2#)7,'#*'-2N642/;'<'&'3#4#*'/&*'7#+*,$&*;'7,+'$#4#*2-&-;'$,'%+&1&Q&$'#$
&4%232-&-#*' +#/&42,$&-&*' &' *"*' %&/#$%,*8' L,+' #*,' #C2*%#$' ,%+&*' #*%+&%#02&*' ("#' :&4#$' #/' %+&1&Q,' )I*
-23#+%2-,'<'("#'&<"-&$'&'2$*%&/&+'#*%&-,*'#),42,$&/#*'&0+&-&1/#*8
>2$' #)1&+0,;' /&*' #*%+&%#02&*' -#' -23#+*25$' #$' #/' %+&1&Q,' *,$' )"<' 7,4,' "*&-&*8' J$' "$' #*%"-2,
+#&/2D&-,'4,$'-,*42#$%,*',4:#$%&'<'*#2*'#)7/#&-,*;'/&'4,)7&V6&'A#+4#+'#$4,$%+5'("#'*5/,'#/'g'7,+

42#$%,'-#'/,*'#)7/#&-,+#*'2$4,+7,+&1&'#*%+&%#02&*'-#'-23#+*25$'#$'#/'%+&1&Q,]hb8'M,'2$%#+#*&$%#'#*'("#
#/'^h'7,+'42#$%,'-#'/,*'7+#*2-#$%#*'-#'/&*'4,)7&V6&*'4,$4"#+-&$'4,$'("#'#/':"),+'#*'2)7,+%&$%#'7&+&
/,*'$#0,42,*]hY8
R' 4,$%2$"&425$;' 4,)#$%,' &/0"$&*' #*%+&%#02&*' ("#' 0#$#+&$' -23#+*25$' <' *#' &7/24&$' #$' -2N#+#$%#*
4,)7&V6&*?
o'=*&+'-2*N+&4#*'4"&$-,'/&*'7#+*,$&*'$,'/,'#*7#+&$'#$'&/0B$'#3#$%,'-#'/&'#)7+#*&8'L,+'#Q#)7/,;'"$&'#)7+#*&'/#'7,$#'$,)1+#'&'*"'7/&$
&$"&/'<'/,'4&)12&'%,-,*'/,*'&V,*8'J/'-6&'-#'7+#*#$%&425$'-#/'7/&$;'/&'&/%&'0#+#$42&'32#$#'-2*N+&D&-&'-#/'%#)&'-#/'7/&$8'R*6;'"$'&V,'N"#'#/
7/&$'0/&-2&-,+'<'%,-,*'32$2#+,$'-2*N+&D&-,*'-#'0/&-2&-,+#*8
o' !+#&+' -6&*' -23#+%2-,*' -,$-#' /&*' 7#+*,$&*' 3#$0&$' 3#*%2-&*' -#' "$&' N,+)&' 7#4"/2&+8' L,+' #Q#)7/,;' &/0"$&*' #)7+#*&*' #$' 42#+%,*
-#7&+%&)#$%,*'"*&$'#/'`U6&'-#/'72Q&)&a;'-,$-#'&*2*%#$'&/'%+&1&Q,'4,$'+,7&'7&+&'-,+)2+8
o'=*&+'Q"#0,*'7&+&'4+#&+'"$'&)12#$%#')I*'/B-24,'#$'#/'%+&1&Q,?
o'L,+'#Q#)7/,;'#$'"$&'#)7+#*&'4,/,4&+,$'"$&'4&)7&$&'#$'#/'I+#&'-#'3#$%&*;'<'4"&$-,'"$'3#$-#-,+'/,0+&1&':&4#+'"$&'3#$%&'2)7,+%&$%#;
%,4&1&'/&'4&)7&$&8
o'J$'"$&'#)7+#*&;'&/')#-2,-6&'*#':2D,'"$&'4&++#+&'-#'*2//,$#*'-#',N242$&;'-,$-#'4,$4"+*&1&$'+#7+#*#$%&$%#*'-#'/&*'-2N#+#$%#*'I+#&*8
o' =$' 0#+#$%#' -#' "$' I+#&' #$' "$&' #)7+#*&' 4,/,4&' %,-&*' /&*' *#)&$&*' "$&' 4&+24&%"+&' <' -#Q&' ("#' /&*' 7#+*,$&*' -#/' I+#&' /#' 4,/,("#$' /&
/#<#$-&8'R/'N2$&/'-#'/&'*#)&$&'*#'7+#)2&'/&')I*'0+&42,*&8
o'J$'"$&'#)7+#*&'/,*'#)7/#&-,*'%+&#$'*"*'N,%,*'-#'$2V,*'<'/&*'4,/,4&$'#$'"$'7&$#/;'<'#/'+#*%,'-#1#'&-232$&+'("2G$'#*'("2G$8
o'U#4,+&+'/&',N242$&'-#'N,+)&'/B-24&8'A"4:&*'#)7+#*&*'"*&$'0/,1,*'-#'4,/,+#*;'7,+'#Q#)7/,8

J*%&*'#*%+&%#02&*'*,$'*5/,'&/0"$,*'#Q#)7/,*'-#'/,'("#':&4#$'/&*'#)7+#*&*'7&+&'%+&#+')I*'-23#+*25$
<'0#$#+&+'#*%&-,*'#),42,$&/#*'&0+&-&1/#*8'L#+,'/&'#*%+&%#02&')I*'2)7,+%&$%#'#*'/&'4,$-"4%&'-#/'Q#N#8
!"&$-,'G*%#'%2#$#'*#$%2-,'-#/':"),+;'*&1#'+#6+*#'-#'*6')2*),;'N,)#$%&'<'+#4,$,4#'4,),'7,*2%23,'#/
:"),+;'#$'/&',N242$&'*#'0#$#+&'"$'#*%&-,'#),42,$&/'("#'N&3,+#4#'&'%,-,*8
L#+,'*2'$"#*%+,'Q#N#'$,'&<"-&;'*2#)7+#'$,*,%+,*'7,-#),*'%+&#+'-23#+*25$'&'$"#*%+,'%+&1&Q,8'!,),;
7,+'#Q#)7/,;'#/'4&*,'-#'"$&'7#+*,$&'("#'%+&1&Q&1&'#$'/&'/6$#&'-#'7+,-"4425$'-#'"$&'NI1+24&'-#'7&7&*
N+2%&*8' >"' N"$425$' #+&' +#),3#+' &("#//&*' 7&7&*' ("#' $,' %#$6&$' /&' N,+)&' #*%&$-&+2D&-&8' J*%#' %+&1&Q,
7&+#4#')"<'+#7#%2%23,'<'&1"++2-,8'L#+,'#*%&'7#+*,$&;'7&+&'-23#+%2+*#;'4+#5'#/'Q"#0,'-#'#$4,$%+&+'7&7&*
N+2%&*'4,$'N,+)&*'-#'7#+*,$&Q#*'N&),*,*'-#'42$#'<'%#/#32*25$'<'4,/#442,$&+/&*8'L,+'#Q#)7/,;'%#$6&'/&
7&7&'A&+2/<$'A,$+,#;'#$%+#',%+&*8

!"#$%&'()W
I759(%0:".(-75

a,/7)U"/%(-75)6&7)B7,7-",)0,5"%05U"//01,)50
7')%-"8"](),()'(5)#-(:77

!"#$ *+&5&'641'$ 9&$ 7#$ 4')#(4)L#6641'$ &)$ (#'$ 42*3+(#'(&$ 6323$ 7#

&)(42,7#641'$9&$7#$23(45#641'B8
,%("(%*)?&<(%NI(%F

+'&5%-"/01,)VV

\#0+#*&$-,' &' /&' &$&/,06&' -#/' &"%,)532/;' 7,-#),*' %#$#+' /&*' )#Q,+#*' 1&%#+6&*' -#' ),%23&425$
2$%+6$*#4&','%#$#+'#/'%&$("#'//#$,'-#'0&*,/2$&'#C%+6$*#4&;'7#+,'*2'/&*'//&$%&*'$,'#*%I$'2$N/&-&*'#/'&"%,
$,'*#')"#3#8'JC2*%#$'"$&'*#+2#'-#'#/#)#$%,*'#$'#/'%+&1&Q,'("#'&/'#*%&+'7#+N,+&$'/&*'//&$%&*'<'("2%&$'#/
&2+#'-#'/&'*&%2*N&4425$8'L#+,'*2'#*%,*'#/#)#$%,*'$,'*#'-&$'#$'/&'#)7+#*&;'/&*'//&$%&*'#*%&+I$'4,$'&2+#;
7#+,'%&)7,4,'/,':&+I$'&3&$D&+;'#*'-#42+;'%&)7,4,'-&$'),%23&425$8
_+#-#+24.' X#+D1#+0]hf' 7+,7"*,' /&' %#,+6&' -#' /,*' N&4%,+#*' :202G$24,*' #$' /&' ,+0&$2D&425$8' L,+
#Q#)7/,;'#/'&)12#$%#'N6*24,'#*'"$,'-#'#//,*8'>2')#'-&$'"$&',N242$&')I*'0+&$-#'4,$')#*&'-#'+#"$2,$#*;
#*'7+,1&1/#'("#'#/'-6&'("#')#'/&'-#$')#'*2#$%&'4,$%#$%,8'L#+,'&/'7,4,'%2#)7,')#'&-&7%,'&'#//&'<'$,
)#'0#$#+&'$2$0B$'%27,'-#'),%23&425$8'L#+,'*2'%#$0,'"$&',N242$&'7#("#V&'4,$'+"2-,;'("#'$,'*#'&-&7%&'&
/,'("#')2'%+&1&Q,'$#4#*2%&;'#*')"<'7+,1&1/#'("#')#'*2#$%&'2$*&%2*N#4:,8
>#0B$'X#+D1#+0'j]^ZZ;']^Zgk;'/&'),%23&425$'<'/&'2$*&%2*N&4425$'*,$'-,*'3&+2&1/#*'-2N#+#$%#*8'K,
7"#-,'#*%&+'),%23&-,;'7#+,'&'/&'3#D'2$*&%2*N#4:,'7,+'N&4%,+#*'-#/'&)12#$%#'#$')2'%+&1&Q,8'M,*'N&4%,+#*
:202G$24,*'*,$'N&4%,+#*'("#;'*2'*#'-&$;'/,0+&$'("#'/&*'7#+*,$&*'#*%G$'*&%2*N#4:&*;'7#+,'$,'),%23&-&*8

L#+,' *2' #*%,*' N&4%,+#*' $,' #*%I$;' /&' 2$*&%2*N&4425$' #*' 0&+&$%2D&-&8' S%+,*' &"%,+#*' /#*' //&)&$' &' /,*
N&4%,+#*':202G$24,*'-#*),%23&-,+#*8'J$'#*%#'4&76%"/,'"*&+#),*'4,),'*2$5$2),*'/,*'-#*),%23&-,+#*;
N&4%,+#*'("#'0#$#+&$'2$*&%2*N&4425$','N&4%,+#*':202G$24,*8
J$' )2' ,72$25$;' /&' #*#$42&' -#' /,*' N&4%,+#*' :202G$24,*' #*%I' +#/&42,$&-&' 4,$' /&*' #C7#4%&%23&*8' L,+
#Q#)7/,;'4,),')"#*%+&'/&'2/"*%+&425$'hg;'"$&'7#+*,$&'("#'+#42G$'*#'4&*&'%2#$#')"4:&*'#C7#4%&%23&*8
J*7#+&'("#'*"'7&+#Q&'/,'%+&%#'12#$','("#'*"'7&+#Q&'*#'4"2-#'7&+&'%#$#+'1"#$&'7+#*#$42&;'#$%+#',%+&*
#C7#4%&%23&*8' L#+,' &/0"$&*' 7#+*,$&*' ("#' #$%+&$' 4,$' #C7#4%&%23&*' 0+&$-#*' %2#$#$' )&/&' *"#+%#' <' /#*
7"#-#',4"++2+'/,'("#')"#*%+&'/&'2/"*%+&425$'h^8

+'&5%-"/01,)VW

+'&5%-"/01,)VX

>2'/&'7&+#Q&'*#':"12#+&')&$%#$2-,'-#'&4"#+-,'&'#C7#4%&%23&*;':&1+6&':&12-,'*&%2*N&4425$;'7#+,'$,
),%23&425$8' J$' 4&)12,;' 4,),' ,4"++25' /,' ("#' 7+#*#$%&' /&' 2/"*%+&425$' h^;' #/' #*7,*,' #*%I' )"<
2$*&%2*N#4:,8
R/0,'*2)2/&+'7&*&'#$'/&'#)7+#*&8'L,+'#Q#)7/,;'#*%,'*"4#-#+6&'*2'"$'0#+#$%#'-#'+#4"+*,*':")&$,*;
7&+&' 4,$3#$4#+' &' "$' 7,*%"/&$%#' -#' ("#' #/2Q&' %+&1&Q&+' #$' *"' #)7+#*&;' /#' *,1+#3#$-#' /&' 4,)7&V6&
-242#$-,'("#'#*'#*7#4%&4"/&+;'/#')#$42,$&'("#'#$'/&'#)7+#*&'*#'3&/,+&')"4:,'#/'/2-#+&D0,;'("#':&<
"$&'4"/%"+&'-#',+2#$%&425$'&'/&*'7#+*,$&*'<'("#'*"'Q#N#'#$'7&+%24"/&+'#*'"$,'-#'/,*')#Q,+#*'#3&/"&-,*8
R-242,$&/)#$%#;'/#'-24#$'("#'*,$'"$&'#)7+#*&'`+&#($=7#6&$(3$[3+N;'("#'#/'4/2)&'#*'#C4#/#$%#'<'("#
/&'0#$%#'%+&1&Q&'#$'#("27,8'!"&$-,'"$'N"%"+,'#)7/#&-,'+#421#'#*%#'-2*4"+*,'#/#3&'*"*'#C7#4%&%23&*;'%&/
4,),')"#*%+&'/&'2/"*%+&425$'g[8

+'&5%-"/01,)WQ

L#+,' 4"&$-,' //#0&' &' /&' #)7+#*&' <' /&*' 4,*&*' $,' *&$' %&$' `4,/,+' -#' +,*&a' 4,),' *#' /&*' 3#$-2#+,$
j4,),')"#*%+&$'/&*'2/"*%+&42,$#*'g]'<'gbk;'#/'#)7/#&-,'#*%I'*")&)#$%#'2$*&%2*N#4:,8

+'&5%-"/01,)W*

+'&5%-"/01,)WE

>2)2/&+)#$%#;' 4"&$-,' %+&1&Q&),*' #$' "$&' #)7+#*&' %#$#),*' #C7#4%&%23&*' -#' ("#' *#' 4")7/&$' "$&
*#+2#'-#'4,$-242,$#*'#$'$"#*%+,'#$%,+$,'-#'%+&1&Q,8'R'4,$%2$"&425$'*#'*#V&/&$',$4#'#C7#4%&%23&*'("#
+#*"/%&$'2)7,+%&$%#*]hi?
]8'F"#'#C2*%&'2$N,+)&425$'<'+#%+,&/2)#$%&425$'*"N242#$%#8
b8'F"#'*#'%#$0&$'/,*'+#4"+*,*;'#("27,*'<'*2*%#)&*'7&+&':&4#+'"$'%+&1&Q,'-#'4&/2-&-8
Y8'F"#'*#'%#$0&$'*"#/-,*'&-#4"&-,*8
f8'F"#'/&*'+#"$2,$#*'*#&$'7+,-"4%23&*8
i8'F"#'#/'%+&1&Q,'#*%G'12#$'-2*#V&-,8
Z8'F"#'$,'#C2*%&$'-#)&*2&-&*',')"<'7,4&*'+#0/&*'<'$,+)&*8
h8'F"#'#C2*%&$'1"#$&*'+#/&42,$#*'2$%#+7#+*,$&/#*'4,$'/,*'4,)7&V#+,*'-#'%+&1&Q,8
g8'F"#'#C2*%&'*#0"+2-&-'-#'("#'#/'%+&1&Q,'$,'*#'3&'&'7#+-#+8
^8'F"#'#C2*%&'4/&+2-&-'-#'+,/#*8
][8'F"#'#C2*%&'"$&'1"#$&'0#+#$42&','Q#N&%"+&'<'("#':&<&'Q"*%242&;'#("2-&-;'4,$N2&$D&'<'%,/#+&$42&'&/'#++,+8
]]8'F"#'$,'#C2*%&'7,/2%2("#+6&8

+'&5%-"/01,)WF

T,-&' 7#+*,$&' ("#' 2$0+#*&' &' "$' %+&1&Q,' %2#$#' /&' #C7#4%&%23&' -#' ("#' #*%,*' N&4%,+#*' *#' -#$8' 9,' #*
)"4:,' 7#-2+' %#$#+' "$' Q#N#' Q"*%,' ,' "$' /"0&+' &-#4"&-,' 7&+&' %+&1&Q&+;' ,' ("#' /&*' +#"$2,$#*' *#&$
7+,-"4%23&*8' >2' #*%,*' ,$4#' N&4%,+#*' $,' *#' -&$;' *#' 72$4:&' #/' $#")I%24,' <' #/' &"%,' $,' &3&$D&8' L,+
#Q#)7/,;'<,'7"#-,'#*%&+'),%23&-,'#$')2'%+&1&Q,'7,+("#'#*'"$'+#%,'&'/&'&/%"+&'-#')2*'%&/#$%,*'<'#*%,<
#$'/&'N+&$Q&'-#'N/"Q,'57%2),8'L#+,'*2')2'Q#N#')#'%+&%&'4,$'2$Q"*%242&;'#*%&+G'2$*&%2*N#4:,'7,+'*"'%+&%,8'J$
4&)12,;'*2')#'4&)12&$'-#'Q#N#'<'#/'$"#3,')#'%+&%&'4,$'Q"*%242&;'7#+,')#'-&'"$'%+&1&Q,'("#'#*'"$&'%&+#&
("#')#'&1"++#;'("#'$,'#$4&Q&'4,$')2*'%&/#$%,*;'7,-+G'#*%&+'*&%2*N#4:,'4,$'#/'%+&%,'-#')2'Q#N#;'7#+,
#*%&+G' -#*),%23&-,' #$' )2' %+&1&Q,8' M,' 2-#&/' #*' #/2)2$&+' %,-,*' &("#//,*' #/#)#$%,*' ("#' 0#$#+&$
2$*&%2*N&4425$'<'%+&1&Q&+'/,*'#/#)#$%,*'("#'0#$#+&$'),%23&425$8
e-(U&,.0\",.()7,)'(5)U"/%(-75)6&7)/"&5",)0,5"%05U"//01,)7,)7')%-"8"](
*c)K&57,/0").7)0,U(-9"/01,)M)-7%-("'097,%"/01,
J/'#++,+')I*'4,)B$'-#'/,*'Q#N#*'#*'7#$*&+'("#'/#':&$'-&$'-&-,'*"N242#$%#'+#%+,&/2)#$%&425$'&'*"
7#+*,$&/8

R:,+&;'N6Q#*#'#$'4"I$%,*':&')&+4&-,'"*%#-'f','i8
M"#0,;'4&/4"/#'"*%#-'*"'7,+4#$%&Q#'-#'+#*7"#*%&*'f','i8
o'E!"I$%,*'f','i'%2#$#'"*%#-')&+4&-,*H'mmmmmmmmm
o'E!"I/'#*'*"'7,+4#$%&Q#'#$'#*%&'#*4&/&H'mmmmmmmmm
o'L,+'4&-&'f','i'("#')&+45;'4,$*2-#+#']b;i'7,+'42#$%,8'A&+("G'f','i'#$'mmmmmmmmm'6%#)*'j7,$#+'$B)#+,'-#'6%#)*'#$'#/'("#')&+45'f',
ik8
o'M"#0,'*")#'4"I$%,'%2#$#8'mmmmmmm'j4&$%2-&-'-#'6%#)*'#$'/,*'("#')&+45'f','ik')"/%27/24&-,'7,+']b;i8

L,+' #Q#)7/,?' >2' "*%#-' )&+45' f' #$' /&' &N2+)&425$' $B)#+,' b' <' i' #$' /&' &N2+)&425$' $B)#+,' Z;' "*%#%#$-+6&'bi'7,+'42#$%,'jbC]b;ik8
J*%,'/#'2$-24&+I'#/'7,+4#$%&Q#'-#'2$*&%2*N&4425$'("#'%2#$#'#$'#*%#'%#)&8
J$' "$&' 2$3#*%20&425$' ("#' +#&/2D&),*' #$' "$' 0+"7,' #4,$5)24,' -#' L#+B' &' %+#*42#$%,*' #Q#4"%23,*' #$
7"#*%,*'0#+#$42&/#*;'/&*'7+#0"$%&*'("#'*&/2#+,$')I*'3,%&-&*'4,$'"$'7"$%&Q#'-#'f','i'N"#+,$]hZ?

]8'9,'4"#$%,'4,$'2$N,+)&425$'*,1+#'-#42*2,$#*','&442,$#*'-#',%+&*'I+#&*'("#'2)7&4%&$')2'%+&1&Q,8'''''''''''i];b'7,+'42#$%,
b8'9,'+#421,'+#%+,&/2)#$%&425$'#$'N,+)&'4,$*%&$%#8'''''''''''f^;]'7,+'42#$%,
Y8'9,'%#$0,'"$'4/&+,'4,$,42)2#$%,'-#'/,'("#')2'Q#N#'72#$*&'*,1+#')2'-#*#)7#V,8''''''''''Y];h'7,+'42#$%,

J$'/,'("#'+#*7#4%&'&/'7"$%,'];'&/0"$&*'#)7+#*&*'("#':&$'/,0+&-,'#/2)2$&+'#*%#'-#*),%23&-,+'%2#$#$
"$'*2*%#)&'-#'4,)"$24&425$'#$'4&*4&-&'-#'*"12-&'<'1&Q&-&8'!"&$-,'#/'4,)2%G'-#'0#+#$42&'*#'+#B$#;
&4"#+-&' #$' #/' &4%&' ("G' -#42*2,$#*' ,' 2$N,+)&425$' *#' -#1#$' `1&Q&+a' j4,)"$24&+k' &/' *20"2#$%#' $23#/8
M"#0,;'4"&$-,'#/'*20"2#$%#'$23#/'*#'+#B$#'#$'*"'7+,72,'4,)2%G;':&4#'/,')2*),;':&*%&'("#'*#'//#0&'&'/&*
Q#+&+("6&*')I*'1&Q&*8'L#+,'#/'*2*%#)&'4,$%#)7/&'2$N,+)&425$'-#'*"12-&'%&)12G$8'!"&$-,'*#'+#B$#'#/
4,)2%G' -#' /&*' Q#+&+("6&*' )I*' 1&Q&*;' &4"#+-&' *"12+' *"*' 7+#,4"7&42,$#*;' 2$("2#%"-#*' ,' 2$N,+)&425$
:&42&' &++21&8' U#' #*%&' N,+)&;' #$' 4&*4&-&;' //#0&' :&*%&' #/' 4,)2%G' -#' 0#+#$42&8' W*%&' #*' "$&' #C4#/#$%#
7+I4%24&'-#'4,)"$24&425$8
J$'/,'("#'+#*7#4%&'&/'7"$%,'b'<'Y;'4,),')#$42,$&'/&'42%&'-#/'4&76%"/,;'/,*'0#+#$%#*'<'Q#N#*'72#$*&$
("#'-&$'+#%+,&/2)#$%&425$;'7#+,'/,*'*"1,+-2$&-,*'*2#$%#$'("#'$,'#*'*"N242#$%#8'J$'#*%#'4&*,;'f^;]'7,+
42#$%,'-#'/,*'%+#*42#$%,*'#Q#4"%23,*'*2#$%#'("#'$,'+#421#'+#%+,&/2)#$%&425$'*"N242#$%#8
J$' ,%+,' #*%"-2,' ("#' :2D,' /&' #)7+#*&' e&//"7]hh;' 4"&$-,' /#*' 7+#0"$%&+,$' &' /,*' #)7/#&-,*' #$' ("G
2$3#+%6&')I*'%2#)7,'*"'Q#N#'-2*4"%2#$-,'*"'-#*#)7#V,;'/&*'+#*7"#*%&*'N"#+,$?
J$')2*'N,+%&/#D&*?'bi'7,+'42#$%,
J$')2*'-#12/2-&-#*?'Yi'7,+'42#$%,
9"$4&')#'-&'+#%+,&/2)#$%&425$?'f['7,+'42#$%,
J*%&'B/%2)&'42N+&'-#'f['7,+'42#$%,'j`9"$4&')#'-&'+#%+&,/2)#$%&425$ak'#*'4#+4&$&'&/'f^'7,+'42#$%,
#$'$"#*%+,'#*%"-2,'-#'%+#*42#$%,*'#Q#4"%23,*'#$'7"#*%,*'0#+#$42&/#*]hg8
>"'7#+*,$&/'#*7#+&'("#'/#'-G'+#%+,&/2)#$%&425$O'*2'$,'/,':&4#;'#*%&+I'0#$#+&$-,'"$'N&4%,+'("#'/,
%#$-+I'2$*&%2*N#4:,8'J*'2)7,+%&$%#'("#'%#$0&'"$&'+#"$25$'4,$'/&*'7#+*,$&*'("#'/#'+#7,+%&$'&'"*%#-'7,+
/,')#$,*'"$&'3#D'4&-&'%+2)#*%+#;'<'*2'7"-2#+&'*#+'"$&'3#D'&/')#*;'*#+6&')#Q,+8'J$'*"'7+2)#+&'+#"$25$;
)"G*%+#/#' #/' 4"#*%2,$&+2,' -#/' 2$242,' -#/' 4&76%"/,' 7&+&' ("#' G/' )2*),' *#' #3&/B#' <' %#$0&$' "$&
4,$3#+*&425$'&/'+#*7#4%,8'M&'2-#&'#*'("#'4,$*%&$%#)#$%#'/#*'-G'+#%+,&/2)#$%&425$8
U23#+*&*' 2$3#*%20&42,$#*' :&$' -&-,' 4"#$%&' -#' /,*' 1#$#N242,*' -#' /&' +#%+,&/2)#$%&425$' *,1+#' #/
+#$-2)2#$%,' -#' /,*' #)7/#&-,*8' L,+' #Q#)7/,;' c2)' <' !/&<sX&))#+]h^' #$' "$' #*%"-2,' #C7#+2)#$%&/
#$4,$%+&+,$' #$' "$&' )"#*%+&' -#' -,*42#$%,*' 3#2$%#' %+&1&Q&-,+#*' -#' -23#+*&*' 2$-"*%+2&*' ("#' /&
+#%+,&/2)#$%&425$' %#$6&' "$' 2)7&4%,' 7,*2%23,' #$' #/' +#$-2)2#$%,;' <' ("#' *2' #//&' #*%&1&' &*,42&-&' &/
#*%&1/#42)2#$%,' -#' )#%&*' /,*' +#*"/%&-,*' #+&$' )#Q,+#*8' J*%,*' +#*"/%&-,*' :&$' *2-,' 4,$N2+)&-,*' #$
-23#+*&*' 2$3#*%20&42,$#*;' <' #$' "$' #C%#$*,' )#%&&$I/2*2*' -#' c/"0#+' <' U#92*2]g[' +#7,+%&+,$' ("#' #$
0#$#+&/'/&'+#%+,&/2)#$%&425$'#*%&1&'&*,42&-&'&/'&")#$%,'-#/'+#$-2)2#$%,8
M,*')2*),*'2$3#*%20&-,+#*'#$4,$%+&+,$;'*2$'#)1&+0,;'("#'/&'+#%+,&/2)#$%&425$'7,-6&'%#$#+'#N#4%,*

$#0&%23,*8'L,+'#Q#)7/,;'*2'*#'4#$%+&1&'#$'/&'7#+*,$&'<'$,'#$'/&'%&+#&;','*2'$,'4,$//#3&1&'&'7+,7"#*%&*
-#'45),')#Q,+&+'#/'+#$-2)2#$%,8'S'*2'#$'/&'+#%+,&/2)#$%&425$'*#'4,)#$%&'&4#+4&'-#/'%+&1&Q,'-#',%+,*8
M,*'2$3#*%20&-,+#*'+#4,)2#$-&$'%,)&+'#$'4"#$%&'/,*'*20"2#$%#*'7"$%,*'&/'-&+'"$&'+#%+,&/2)#$%&425$?
o'F"#'*#&'7+#*#$%&-&'-#')&$#+&'("#'$,':2#+&'#/'#0,'-#'/&'7#+*,$&8
o'l$4/"2+'2$N,+)&425$'-#'45),')#Q,+&+'#/'+#$-2)2#$%,8
o'l$4/"2+'"$'7/&$'-#')#%&*'-"+&$%#'/&'+#%+,&/2)#$%&425$8
o'A&C2)2D&+'2$N,+)&425$'&4#+4&'-#'45),')#Q,+&+'#/'+#$-2)2#$%,'<')2$2)2D&+'2$N,+)&425$'&4#+4&'-#/'+#$-2)2#$%,'-#'/,*',%+,*8

Ec)K&57,/0").7)-7/&-5(5d)76&0#(5d)505%79"5)".7/&".(5)#"-")3"/7-)&,)%-"8"]().7)/"'0.".

+'&5%-"/01,)WH

E!5),' 4+##' ("#' *#' *2#$%#' /&' 7#+*,$&' ("#' &%2#$-#' #$' 3#$%&$2//&' #$' /&' 2/"*%+&425$' gfH' T,%&/)#$%#
N+"*%+&-&'#'2$*&%2*N#4:&?':&<'"$&'4,/&'/&+0&;'4/2#$%#*'),/#*%,*'<'/&')"Q#+'*2#$%#'("#'#*%I':&42#$-,'"$
%+&1&Q,'-#')&/&'4&/2-&-'7,+'N&/%&'-#'+#4"+*,*'#$'/&'#)7+#*&8'X&<',4:,'3#$%&$2//&*'<'/&'#)7+#*&'*5/,
7,$#'&'"$&'7#+*,$&8
M&'2/"*%+&425$'gi')"#*%+&'"$&'#$4"#*%&'+#&/2D&-&'7,+'X&<'e+,"7]g]'("#'*#V&/&'/&'2$*&%2*N&4425$'4,$
#/'%#)&'-#'+#4"+*,*'#$'-2N#+#$%#*'2$-"*%+2&*8'J$'7+,)#-2,;'"$'f['7,+'42#$%,'-#'#)7/#&-,*'*#'*2#$%#
2$*&%2*N#4:,'7,+("#'/&'#)7+#*&'$,'/#*'-&'/,*'+#4"+*,*'7&+&'"$'%+&1&Q,'-#'4&/2-&-8
;,%-7)7')FW)M)HW)#(-)/07,%().7)#7-5(,"5)7,/&75%"."5)507,%7,)6&7),()%07,7,)'(5)-7/&-5(5)#"-"
3"/7-)&,)%-"8"]().7)/"'0.".

+'&5%-"/01,)WJ

!"&$-,'*#'#*'Q#N#;'&'3#4#*'$,'*#'7"#-#$'4,$*#0"2+'/,*'+#4"+*,*'("#'"$,'("2#+#'7&+&'*"'I+#&8'L#+,
%#$#+'"$&'4,$3#+*&425$'4,$'$"#*%+,*'4,/&1,+&-,+#*'&/'+#*7#4%,'<'4,$%&+/#*'("#'#*%&),*'/"4:&$-,'7,+
#//,*'&<"-&'&'1&Q&+'#*%#'N&4%,+'("#'0#$#+&'2$*&%2*N&4425$8
J/'$,'%#$#+'/,*')&%#+2&/#*;'#/'#("27,','/,*'*2*%#)&*'7&+&':&4#+'"$'1"#$'%+&1&Q,'-#'4&/2-&-'7"#-#
+#*"/%&+')"<'N+"*%+&$%#8'W*%#'#*'"$,'-#'/,*'&*7#4%,*'2$3#*%20&-,*'7,+'/&',+0&$2D&425$'e&//"7;'<'#//,*
7/&$%#&$' ("#' #/' $,' %#$#+' /&*' :#++&)2#$%&*' $#4#*&+2&*' #*' "$' N&4%,+' 2)7,+%&$%#' 7,+("#' 2)72-#' &/
#)7/#&-,'4,$%+21"2+'&/')IC2),'4,$'*"'7,%#$42&/;'#32%&$-,'("#'#$%+#'&'*"'D,$&'57%2)&'-#'N/"Q,8
Fc)2"'"-0(5)0,".7/&".(5
9,' 2)7,+%&' 4"I$%,' *#' 0&$#;' *2#)7+#' :&1+I' "$' 7,+4#$%&Q#' -#' 7#+*,$&*' ("#' 7#$*&+I' ("#' #*%I' )&/
+#)"$#+&-,8

+'&5%-"/01,)WS

J$'/&'#$4"#*%&'-#'`+&#($=7#6&$(3$[3+N'jeLTuk'+#&/2D&-&'#$'L#+B'#$'b[]b;'/,*'+#*"/%&-,*'N"#+,$
/,*' *20"2#$%#*?' #$' 7+,)#-2,;' "$' f^' 7,+' 42#$%,' *#$%6&' ("#' $,' *#' /#' 7&0&' Q"*%&)#$%#8' >2$' #)1&+0,;
4"&$-,'#*%&'7+#0"$%&'*5/,'/&':&4#$'&'/&*'#)7+#*&*'("#'#*%"32#+,$'#$'#/'+#'N4'%'-#'/&*'%+#2$%&'<'42$4,
)#Q,+#*;'#$'#*#'4&*,'*5/,'bZ'7,+'42#$%,'*#'*2#$%#')&/'7&0&-,8'!"&$-,'*#'Q"$%&'&'/&*'%+#2$%&'<'42$4,
#)7+#*&*'4,$'7#,+'4/2)&;'#/'Z['7,+'42#$%,'*2#$%#'("#'#*%I')&/'7&0&-,8
!"&$-,'#/'4/2)&'/&1,+&/'#*'1"#$,;'/&'7#+4#7425$'-#/'*"#/-,'#*')#Q,+8'!"&$-,'#/'4/2)&'#*')&/,;'/&*
7#+*,$&*'3#$')I*'-#'4#+4&'*"*'*"#/-,*'<'*#'7+#0"$%&$?'E3&/#'/&'7#$&H'J$'/&'#$4"#*%&'-#'eLTu'*#
)2-#$'#/#)#$%,*'-#'),%23&425$'<'#/#)#$%,*'-#'*&%2*N&4425$8'R')#Q,+')&$#Q,'-#'/&'),%23&425$'#$'"$&
#)7+#*&;')#Q,+'#*'/&'7#+4#7425$'-#/'*"#/-,8
J$'#/'#*%"-2,'4,$'/,*'%+#*42#$%,*'#Q#4"%23,*'-#'"$'0+"7,'7#+"&$,;'#/'i^'7,+'42#$%,'*#$%6&'("#'#*%&1&
)&/'7&0&-,]gb8
J*' 4+"42&/' )&$%#$#+' &' /&' #)7+#*&' 4,)7#%2%23&' #$' *"#/-,*;' 7,+("#' #Q#4"%23,*' 4/&3#*' <
4,)7+,)#%2-,*'7"#-#$'+#$"$42&+'7,+'/&'2$*&%2*N&4425$'-#/'*&/&+2,8
M&'+#/&425$'#$%+#'#/'7&0,'<'#/'%+&1&Q,'#*'7&+%24"/&+8'J$'"$')#%&&$I/2*2*'&4#+4&'-#'/&'+#/&425$'#$%+#
#/'-2$#+,'<'/&'*&%2*N&4425$'#$'#/'%+&1&Q,;'}"-0#'<'4,/&1,+&-,+#*'jb[][k'#$4,$%+&+,$'("#'/&'+#/&425$
#$%+#' #/' *&/&+2,' <' /&' *&%2*N&4425$' #+&' -G12/;' #*' -#42+;' ("#' #/' $23#/' -#' 7&0,' #$' /&*' #)7+#*&*' #*%&1&
/20&-,' )&+02$&/)#$%#' &' /&' *&%2*N&4425$' #$' #/' %+&1&Q,8' e&//"7;' 7,+' *"' 7&+%#;' +#7,+%5' ("#' $,' #C2*%#$
-2N#+#$42&*'#$'#/'4,)7+,)2*,'#$'#/'%+&1&Q,'4,$'+#/&425$'&/'7&0,]gY8

>2$' #)1&+0,;' "$' *"#/-,' 1&Q,' 7"#-#' %+&#+' 7+,1/#)&*' &' /&*' ,+0&$2D&42,$#*;' 4,),' /&' N&/%&' -#
*&%2*N&4425$'#$'#/'%+&1&Q,'<;'7,+'#$-#;'/&'+#$"$42&'-#'/,*'%+&1&Q&-,+#*8
Hc)N7&,0(,75)#(/()#-(.&/%0:"5

+'&5%-"/01,)WV

J$')2'#C7#+2#$42&'4,),'4,$*"/%,+;'/&*'("#Q&*'%6724&*'-#'/&*'+#"$2,$#*'*,$?
o'9,'%2#$#$'&0#$-&8
o'>,$'2$%#+)2$&1/#*8
o'9"$4&'*#'4")7/#$'/,*'&4"#+-,*8

!"&$-,'/#*'7+#0"$%,'7,+'("G'$,'/&*')#Q,+&$;')#'+#*7,$-#$'("#'#/'+#*7,$*&1/#'#*'#/'Q#N#'<'$&-2#'*#
&%+#3#'&'-#42+/#'$&-&8'A2'4,$*#Q,'#*'$,)1+&+'&'"$'N&42/2%&-,+'-#'/&'+#"$25$'("#'$,'*#&'#/'Q#N#'<'("#'G/
*#&' +#*7,$*&1/#' -#' /&' )2*)&8' U#' #*%&' N,+)&;' %,-,*' 7"#-#$' -&+/#' +#%+,&/2)#$%&425$8' J/' N&42/2%&-,+
7+,7,$#'#/'&4%&'4,$'#/'Q#N#;')&$#Q&'/,*'%2#)7,*'<'&7"$%&'/,*'&4"#+-,*8
J$' $"#*%+&' 2$3#*%20&425$' 4,$' /,*' %+#*42#$%,*' #Q#4"%23,*]gf;' #/' ff' 7,+' 42#$%,' *#$%6&' ("#' &*2*%6&' &
+#"$2,$#*' 2)7+,-"4%23&*8' 9,' :&<' $&-&' )I*' N+"*%+&$%#' ("#' *#$%2+' ("#' "$,' 72#+-#' #/' %2#)7,' #$' "$

#*7&42,'&/'("#'$,'/#'3#'"%2/2-&-'#$'&1*,/"%,]gi8'J$'#/'iY'7,+'42#$%,'-#'/&*'+#"$2,$#*;'/,*'7&+%2427&$%#*
*2#$%#$'("#'#*'"$&'7G+-2-&'-#'%2#)7,]gZ8
U23#+*,*'#*%"-2,*'7/&$%#&$'("#'/&*'+#"$2,$#*'#$'#/'%+&1&Q,',4"7&$'"$&'1"#$&'7&+%#'-#/'%2#)7,'-#
#)7/#&-,*' <' 0#+#$%#*' <' ("#;' )"4:&*' 3#4#*;' *,$' 4,$*2-#+&-&*' 4,),' 7,4,' *&%2*N&4%,+2&*]gh8' J/
2$3#*%20&-,+' A&4.#$D2#' ' 924.#+*,$]gg' +#7,+%5' ("#' #$%+#' /,*' N&4%,+#*' ("#' *,$' 4,$*2-#+&-,*' "$&
7G+-2-&' -#' %2#)7,' #$' /&*' #)7+#*&*' #*%I$' /&*' +#"$2,$#*8' c2+.7&%+24.]g^' 7/&$%#5' #$' *"' /21+,' ("#' /,*
*"7#+32*,+#*'<'0#+#$%#*'-#4/&+&$'("#'/&*'+#"$2,$#*'*,$'"$&'7G+-2-&'-#'%2#)7,'<'#$%+#'#/']['<'i['7,+
42#$%,'&+0")#$%5'("#'*,$'2)7+,-"4%23&*;'-#7#$-2#$-,'-#/'%27,'-#'+#"$25$8
Jc)k-"8"]()9"').057f".(

K/%0:0.".
\#*7,$-&' /&*' *20"2#$%#*' 7+#0"$%&*' 7"$%"I$-,/&*' -#' ]' &' i;' *2#$-,' i' %,%&/)#$%#' -#' &4"#+-,' <' ]' %,%&/)#$%#' #$
-#*&4"#+-,8
]8'A#'*2#$%,'%,%&/)#$%#'+#4&+0&-,'#$')2'%+&1&Q,;'*2#$%,'%#$0,'-#)&*2&-&'4&+0&'<'+#*7,$*&12/2-&-#*'#$')2'7"#*%,8
mmmmmmmmmmmmmm
b8'A2'%+&1&Q,'$,'#*%I'12#$'-2*#V&-,;':&0,'&4%232-&-#*'("#'$,'&7,+%&$'3&/,+'<'("#'7,-+6&'-#Q&+'-#':&4#+8
mmmmmmmmmmmmmm

X&<'7#+*,$&*'("#'%2#$#$'-#)&*2&-&*'N"$42,$#*'<'+#*7,$*&12/2-&-#*'<'*#'*2#$%#$'+#4&+0&-&*8'J*%&*
7#+*,$&*'$,'/,0+&$'"$'1&/&$4#'#$%+#'%+&1&Q,'<'N&)2/2&;'/,'("#'%#+)2$&'*2#$-,'"$'#/#)#$%,'("#'&N#4%&'/&
*&%2*N&4425$'/&1,+&/8
=$'&)20,')6,'("#'#+&'0#+#$%#'-#'N2$&$D&*'-#'"$&'0+&$'#)7+#*&;'4,$',7#+&42,$#*'#$'M&%2$,&)G+24&;
#*%&1&'2$242&/)#$%#')"<'),%23&-,8'>#$%6&'("#'/#'-&1&$'&"%,$,)6&;'("#'#*%&1&'#$'"$'+#%,'&'/&'&/%"+&'-#
*"*'%&/#$%,*'<'("#'#*%&1&'&7+#$-2#$-,')"4:,8'L#+,'/"#0,'-#'%+#*')#*#*'#$'/&'4,+7,+&425$'/#'-2Q#+,$
("#' #$' #*&' #)7+#*&' *#' %+&1&Q&1&' -#' /"$#*' &' *I1&-,' <' /#' #C206&$' ("#' 32$2#+&' #*#' -6&' &' %+&1&Q&+8
\#$"$425' &' *"' 7"#*%,' @4,$' %+#)#$-,' *"#/-,@' 7,+("#' #/' -#*1&/&$4#' #$%+#' #/' %2#)7,' -#-24&-,' &/
%+&1&Q,'<'#/'%2#)7,'-#-24&-,'&'/&'N&)2/2&'/,'&N#4%&1&8
L,+',%+,'/&-,;':&<'%+&1&Q,*'("#'#*%I$')&/'-2*#V&-,*8'L,+'#Q#)7/,;'%+&1&Q,*'-,$-#'*#'/#*'72-#'&'/&*
7#+*,$&*'("#':&0&$'+#7,+%#*'("#;'-#*7"G*;'$&-2#'/##'<'%#+)2$&$'#$'/&'1&*"+&8
\#42#$%#)#$%#;' R:)#-' <' 4,/&1,+&-,+#*]^[' +#&/2D&+,$' "$&' 2$3#*%20&425$' 4,$' "$&' )"#*%+&' -#' 42#$
%+&1&Q&-,+#*' -#/' *#4%,+' 1&$4&+2,' <' #$4,$%+&+,$' ("#' #/' -2*#V,' -#' 4&-&' 7"#*%,' -#' %+&1&Q,' #$' "$&

#)7+#*&' 7"#-#' -&+/#' &' G*%&' "$&' 3#$%&Q&' 4,)7#%2%23&8' R*6;' #/' -2*#V,' -#/' %+&1&Q,' 7,+' 7&+%#' -#' /&*
,+0&$2D&42,$#*' 4")7/2+6&' "$' +,/' 2)7,+%&$%#' #$' #/' &")#$%,' -#' /&' 7+,-"4%232-&-' -2*#V&$-,
#*%+&%G024&)#$%#' N"$42,$#*' ("#' 3&<&$' -#' &4"#+-,' &' /,*' 2$%#+#*#*;' :&12/2-&-#*' <' 7&*25$' -#' /,*
%+&1&Q&-,+#*8
=$&'#*%+&%#02&'*2)7/#'7&+&'#$4,$%+&+'%+&1&Q,*')&/'-2*#V&-,*','#C4#*23&'1"+,4+&42&'#*'7+#0"$%&+/#*
&'/,*')2*),*'#)7/#&-,*8
=$'#Q#)7/,'-#'#*%&'#*%+&%#02&'*#'-2,'4"&$-,'#/'7+#*2-#$%#'-#'L2DD&'X"%'/#*'72-25'&'*"*'#)7/#&-,*
*"0#+#$42&*' -#' 45),' #/2)2$&+' 7&7#/#,*' 2$$#4#*&+2,*' <' %+&1&Q,*' +"%2$&+2,*' ("#' $,' &7,+%&1&$' 3&/,+8
!,$' /&*' *"0#+#$42&*;' *#' %,)&+,$' )#-2-&*' ("#' :242#+,$' ("#' /&' #)7+#*&' *2)7/2N24&+&' $,+)&*' <
#/2)2$&+&'%+&1&Q,*'2$$#4#*&+2,*'<'1"+,4+&42&'("#')#+)&1&$'/&'),%23&425$]^]8
Sc)?&7)7[05%",).79"50"."5)()9&M)#(/"5),(-9"5)M)-7B'"5

+'&5%-"/01,)WW

R' )#-2-&' ("#' /&*' #)7+#*&*' 4+#4#$;' 3&$' $,+)&/2D&$-,' *"*' 7+,4#*,*;' #*%&1/#42#$-,' $,+)&*' <
7,/6%24&*8'J/'7+,1/#)&'*#'-&'4"&$-,'/&'#)7+#*&'#*'-#)&*2&-,'Q,3#$'<'$,'%2#$#'*"N242#$%#*'$,+)&*'("#
7#+)2%&$' #*%&$-&+2D&+' /&' 4&/2-&-' ,' 4"&$-,' %2#$#' -#)&*2&-&*' 7,/6%24&*' <' $,+)&*' ("#' :&4#$' ("#' /&

#)7+#*&' *#&' /#$%&8' S' 4"&$-,' /,*' $,+)&*' <&' $,' %2#$#$' *#$%2-,' <' *#' *20"#$' &7/24&$-,8' J/' #C4#*,' -#
$,+)&*',;'#$',%+,'#C%+#),;'/&'&"*#$42&'-#'#//&*'7"#-#$'0#$#+&+')"4:&'2$*&%2*N&4425$'#'2)7,%#$42&8
T#$#+' )"4:&*' +#0/&*' ,' %#$#+' )"<' 7,4&*' +#*"/%&' *#+' "$' #++,+O' /&*' +#0/&*' *,$' 4+#&-&*' 7&+&' -&+
#*%+"4%"+&;' 7&+&' %#$#+' "$&' ,+0&$2D&425$' <' "$' N"$42,$&)2#$%,' #*7#46N24,8' >2$' #)1&+0,;' %#$#+' )"4:&*
+#0/&*' 7"#-#' &N#4%&+' $#0&%23&)#$%#' /&' ),%23&425$' -#' /,*' #)7/#&-,*;' <&' ("#' /&*' 7#+*,$&*' 7"#-#$
*#$%2+'("#'$,'*#'/#*'7#+)2%#'//#3&+'&'4&1,'*"*'%&+#&*'4,$'/21#+%&-','4+#&%23&)#$%#8'J/'%#),+'&'+,)7#+
/&*'+#0/&*'#*%&+I'*2#)7+#'7+#*#$%#;':&42G$-,/,*'*#$%2+*#'4,$%+,/&-,*8'R/':&1#+')"4:&*'+#0/&*'%&)12G$
7"#-#' 0#$#+&+*#' "$' 4/2)&' -#' -#*4,$N2&$D&;' <&' ("#' #/' %+&1&Q&-,+' 7"#-#' *#$%2+' ("#' /&' #)7+#*&
-#*4,$N6&'-#'*"'4+2%#+2,'"':,$#*%2-&-'7&+&'//#3&+'&'4&1,'*"*'%&+#&*8
J*')#Q,+')&$%#$#+'7,4&*'+#0/&*'#N#4%23&*;'("#'*#&$'4,$,42-&*'7,+'%,-,*;'7#+,'("#'/#*'-#$'"$'0+&-,
-#'/21#+%&-'&'/&*'7#+*,$&*'7&+&'#Q#+4#+'*"'4+2%#+2,8
_2$&/)#$%#;' *2#)7+#' #*' 2)7,+%&$%#' +#4212+' +#%+,&/2)#$%&425$' *,1+#' /&*' +#0/&*' 4+#&-&*' #$' /&
#)7+#*&'7,+'7&+%#'-#'/,*'%+&1&Q&-,+#*'7&+&'7,-#+':&4#+'/,*'&Q"*%#*'$#4#*&+2,*8
X&4#'&/0"$,*'&V,*;'!,$%2$#$%&/'R2+/2$#*':2D,'"$&'4#+#),$2&'-,$-#'("#)5'*"'3,/")2$,*,')&$"&/
-#' 7+,4#-2)2#$%,*' <' $,+)&*' -#/&$%#' -#' /,*' #)7/#&-,*' -#' /&' 4,)7&V6&' <' /,' +##)7/&D5' 7,+' "$,' -#
7,4&*':,Q&*8'J/'-,4")#$%,'*#'%2%"/&1&'`M&*'0"6&*'7&+&'%+&1&Q&+'Q"$%,*a'<'/,'("#':2D,'N"#'+##)7/&D&+
42#$%,*' -#' +#0/&*' <' $,+)&*' 7,+' "$&*' 4"&$%&*' ("#' -&1&$' #*7&42,' &/' 4+2%#+2,' -#' /&*' 7#+*,$&*' -#' /&
4,)7&V6&]^b8
Vc)?&7),()7[05%",)8&7,"5)-7'"/0(,75)0,%7-#7-5(,"'75)/(,)/(9#"f7-(5).7)%-"8"](c)?&7)'"5
#7-5(,"5),()3"B",)&,)%-"8"]().7)/"'0.".c
!"&$-,' "$' #)7/#&-,' *2#$%#' ("#' #*' #/' B$24,' ("#' %+&1&Q&' ,' *#' %,)&' #$' *#+2,' *"*' /&1,+#*' 0#$#+&
)"4:&'2$*&%2*N&4425$;'4,),')"#*%+&'/&'2/"*%+&425$'g^8

+'&5%-"/01,)WX

R-242,$&/)#$%#;'*#'0#$#+&'2$*&%2*N&4425$'*2'#$'/&'#)7+#*&'*#'323#'"$'&)12#$%#')"<'4,)7#%2%23,',
-#')&/&*'+#/&42,$#*'2$%#+7#+*,$&/#*'<'-#':27,4+#*6&;'4,),')"#*%+&$'/&*'2/"*%+&42,$#*'^['<'^]8

+'&5%-"/01,)XQ

+'&5%-"/01,)X*

}#:$'<'A&$$2C]^Y'+#&/2D&+,$'"$'#*%"-2,'#$'#/'("#'2$3#*%20&+,$'*2'#/'+#$-2)2#$%,'-#'/,*'%+&1&Q&-,+#*
#*%&1&'&*,42&-,'&'42#+%,*'%27,*'-#'4,$N/24%,*8'J$'"$&')"#*%+&'-#'42#$%,'42$4"#$%&'<'%+#*'#)7/#&-,*
#$4,$%+&+,$'("#'/,*'4,$N/24%,*'2$%#+7#+*,$&/#*'#*%&1&$'+#/&42,$&-,*'$#0&%23&)#$%#'&'3&+2&1/#*'4,),
/&'4,:#*25$'-#/'0+"7,;'4,$N2&$D&'<'+#*7#%,8'AI*'&-#/&$%#;'/,*'&"%,+#*'*#7&+&+,$'/&')"#*%+&'#$'0+"7,*
-#'&/%,'<'1&Q,'+#$-2)2#$%,'#$'#/'%+&1&Q,'<'#$4,$%+&+,$'("#'&("#//,*'4,$'&/%,'+#$-2)2#$%,'%#$6&$')#$,*
4,$N/24%,*' 2$%#+7#+*,$&/#*' #$' 4,)7&+&425$' 4,$' &("#//,*' ("#' 7+#*#$%&1&$' 1&Q,' +#$-2)2#$%,' #$' #/
%+&1&Q,8
Wc)?&7)7[05%")0,57B&-0.".)5(8-7)'")75%"80'0.".)'"8(-"'
9,+)&/)#$%#' /&*' 7#+*,$&*' *#' *2#$%#$' *#0"+&*' #$' *"' %+&1&Q,O' *2$' #)1&+0,;' 4"&$-,' /&' #)7+#*&
#C7#+2)#$%&' "$' 4&)12,' ("#' 2)7/24&' +#-"42+' 7#+*,$&/;' #*' :")&$,' ("#' /&' 0#$%#' *#' *2#$%&' 2$*#0"+&8
!"&$-,' "$&' 7#+*,$&' *#' *2#$%#' &*6' <' 4,$' )2#-,;' 2)72-#' ("#' 7"#-&' 0#$#+&+*#' 4"&/("2#+' %27,' -#
),%23&425$'<&'("#'%,-&'*"')#$%#'#*%I'4,$4#$%+&-&'#$'45),'*&/3&+*#','#/2)2$&+'/&'&)#$&D&8

=$' 1"#$' 4,$*#Q,' 7&+&' /&*' #)7+#*&*' #*' ("#' *2' 3&' &' :&1#+' 4&)12,*' ("#' 2)7/2("#$' -#*72-,*' -#
7#+*,$&/;' /,' :&0&$' #$' "$' 7#+6,-,' -#N2$2-,8' =$&' 3#D' %#+)2$&-,' #*%#' %2#)7,;' #*' 2)7,+%&$%#' ("#
4,)"$2("#$'&'/&*'7#+*,$&*'("#'$,':&1+I')I*'4&)12,*'7&+&'("#'7"#-&$'*&/2+'-#'*"'#*%&-,'-#'&/#+%&'<
#)7#D&+'&'),%23&+*#'$"#3&)#$%#8
S%+,'N&4%,+'("#'0#$#+&'2$*#0"+2-&-'#*'4"&$-,'#/'#)7/#&-,'*2#$%#'("#'*"'Q#N#'$,'#*%I'4,$%#$%,8'>2
"*%#-' $,' #*%I' 4,$%#$%,' 4,$' &/0B$' *"1,+-2$&-,;' #*' 2)7,+%&$%#' %#$#+' 4/&+,' ("#' #*' 7,*21/#' ("#' *"
*"1,+-2$&-,'/,'*,*7#4:#8'J*'&'%+&3G*'-#'*"*'*#V&/#*'$,'3#+1&/#*'("#'/&*'7#+*,$&*'&'*"'4&+0,'7"#-#$
4&7%&+'("#'#C2*%#'&/0B$'7#/20+,'7&+&'#//,*8'M,')#Q,+'#*'-&+'+#%+,&/2)#$%&425$'4/&+&'<'-#N2$2+'/,*'7&*,*
&'*#0"2+'4,$'/&'7#+*,$&'7&+&'-&+/#'"$&',7,+%"$2-&-8'>2'$,'*#'/&'3&'&'-&+;'#/'424/,'3242,*,'-#/')2#-,
:&+I' ("#' #*%&' 7#+*,$&' *#' -#*#)7#V#' 7#,+8' >2' /"#0,' -#' #*&' ,7,+%"$2-&-' $,' 4")7/#' /,' ("#' #*7#+&;
7"#-#'7/&$2N24&+'/&'*&/2-&'-#'%&/'),-,'("#'&/'4,/&1,+&-,+'/#'+#*"/%#'4,:#+#$%#'*"'-#*32$4"/&425$'-#
/&'4,)7&V6&8
M&' 4+##$42&' -#' ("#' *#' 7"#-#' 7#+-#+' #/' %+&1&Q,' #*' "$' 0+&$' -#*),%23&-,+8' M&' 2$*#0"+2-&-' #$' #/
%+&1&Q,'#*%I'+#/&42,$&-&'&'-23#+*&*'4,$*#4"#$42&*'$#0&%23&*'4,),;'7,+'#Q#)7/,;')#$,+'*&%2*N&4425$'<
)#$,+'4,)7+,)2*,'4,$'/&',+0&$2D&425$;')&<,+#*'2$%#$42,$#*'-#'+#$"$42&+;'+#-"4425$'-#'/&'4,$N2&$D&
#$'/&'#)7+#*&;'&"*#$%2*),;'&")#$%,'-#'&442-#$%#*;'-2*)2$"425$'-#/'+#$-2)2#$%,;'+,%&425$'#$'7"#*%,*
-#'%+&1&Q,;'#$%+#',%+,*]^f8
!"&$-,'*#$%2),*'/&'7,*212/2-&-'-#'7#+-#+'$"#*%+,'%+&1&Q,;'$"#*%+,'4#+#1+,'4&7%&'/&'&)#$&D&'<'$,*
+#0+#*&'&'/&'G7,4&'-#'/&*'4&3#+$&*'4"&$-,'$,*'3#6&),*'#$N+#$%&-,*'&'7#/#&+','#*4&7&+'-#'"$'%20+#8'>2
*#$%2),*'&)#$&D&-&'$"#*%+&'*"7#+323#$42&;'#*'2)7,*21/#'#*%&+'),%23&-,*;'/,'("#'*6'3&),*'&':&4#+'#*
4,$4#$%+&+'%,-,*'$"#*%+,*'#*N"#+D,*'7&+&'#/2)2$&+'/&'&)#$&D&8
Xc)e(/")/'"-0.".)7,)'").05%0,/01,).7)-('75
>2'"$&'7#+*,$&'$,'%2#$#'4/&+,'("2G$'#*'*"'Q#N#;','$,'%2#$#'12#$'-#N2$2-&*'*"*'N"$42,$#*'#$'/&*'D,$&*
0+2*#*'4,$',%+&*'I+#&*;'*#'0#$#+&$'4,$N/24%,*'("#'7+,-"4#$'2$*&%2*N&4425$8
X#'*2-,'%#*%20,'#$'3&+2&*'#)7+#*&*;'("#'%2#$#$'&V,*'-#'N,+)&-&*;'-#'/&*'("#Q&*'-#'*"*'0#+#$%#*'<
#Q#4"%23,*' 4,$' +#*7#4%,' &' ("#' $,' #*%I' -#N2$2-,' &' ("G' 0#+#$42&' 7#+%#$#4#$' 42#+%&*' -#42*2,$#*8' !&*2
*2#)7+#;' /&' 0#+#$42&' &*")#' ("#' /&*' 4,*&*' #*%I$' )"<' -#N2$2-&*' <' 4/&+&*;' 7#+,' /&' 3#+-&-' #*' ("#
0#$#+&/)#$%#'$,'#*'&*68
J/'7+,1/#)&'-#'4/&+2-&-'-#'+,/#*',4"++#'4,$'N+#4"#$42&'#$'#)7+#*&*'N&)2/2&+#*'-,$-#'#/'-"#V,':&
4,$%+&%&-,' "$' 0#+#$%#' 0#$#+&/' 7&+&' ("#' )&$#Q#' /&' #)7+#*&;' 7#+,' G/' *20"#' *2#)7+#' 7+#*#$%#8' M,*
-"#V,*'4+##$'("#'$,'2$%#+N2#+#$;'7#+,'1&*%&'4,$'"$&')2+&-&;'"$'4,)#$%&+2,','"$&'#C7+#*25$'$,'3#+1&/
7&+&'("#'/,*'#)7/#&-,*'*2#$%&$'("#'#/'-"#V,'/#*'#*%I'-&$-,'5+-#$#*8
M&' 4/&+2-&-' #$' /,*' +,/#*' #*' 2)7,+%&$%#' 7&+&' #/' 1"#$' -#*#)7#V,' #$' /&' #)7+#*&8' J/' +,/' -#' "$

%+&1&Q&-,+' #$' /&' #)7+#*&' #*%I' -#N2$2-,' 4,),' "$' 4,$Q"$%,' -#' -#)&$-&*' <' #C7#4%&%23&*' &*,42&-&*' &/
7"#*%,'("#'/&'7#+*,$&',4"7&'#$'/&'#)7+#*&]^i8'J/'%+&1&Q&-,+'("#'*#'3#'#C7"#*%,'&'/&'N&/%&'-#'4/&+2-&-#/'+,/;','&)120t#-&-;'7"#-#'*#$%2+*#'2$*#0"+,;'<&'("#'$,'*&1#'("G'*#'#*7#+&'-#'G/'<'7,+'/,'%&$%,'$,
*&1#'4,$'4#+%#D&'4"I/'#*'*"'N"$425$'#$'/&'#)7+#*&8'J*%#'#*%&-,'-#'2$4#+%2-")1+#'7"#-#'4+#&+'#*%+G*;
&$*2#-&-'<',%+&*')&$2N#*%&42,$#*'$#0&%23&*]^Z8
A2'4,$*#Q,'#*'+#"$2+'&'4&-&'4,)2%G'-#'0#*%25$;'-#*-#'#/'4,)2%G'-#'0#+#$42&':&42&'&1&Q,;'<'&4/&+&+
#C7#4%&%23&*'#C7/642%&)#$%#8'F"#'4&-&'7#+*,$&'7/&$%##'*"*'D,$&*'0+2*#*'<;'4,$'/&'&<"-&'-#/'0#+#$%#;
-#N2$2+'("2G$'%2#$#'("G'N"$425$;'&4%232-&-','%,)&'-#'-#42*2,$#*8
*Qc) ?&7) ,() 7[05%") &,") 8&7,") B7-7,/0") () ]7U"%&-") .(,.7) 3"M") ]&5%0/0"d) 76&0.".d) /(,U0",\") M
%('7-",/0")"')7--(M&'&"*#$42&'-#'"$&'1"#$&'0#+#$42&','Q#N&%"+&'#*'"$&'-#'/&*'7+2$427&/#*'4&"*&*'-#'/&'-#*),%23&425$8
L,+' #/' 4,$%+&+2,;' "$' Q#N#' ("#' N&42/2%&' /&' Q"*%242&;' #("2-&-;' 4,$N2&$D&' <' %,/#+&$42&' &/' #++,+' 0#$#+&
*&%2*N&4425$' #$' *"*' #)7/#&-,*8' J$' #/' *20"2#$%#' *"14&76%"/,' @%2%"/&-,' `J/' Q#N#?' #/' N&4%,+' )I*
2)7,+%&$%#'#$'/&'*&%2*N&4425$'-#'/,*'#)7/#&-,*a@'*#'7+,N"$-2D&+I'#$'#/'7,-#+'("#'%2#$#$'/,*'Q#N#*'#$
*"*')&$,*'7&+&'7#+)2%2+'("#'*"*'4,/&1,+&-,+#*'#*%G$'*&%2*N#4:,*'<'$,'-#*),%23&-,*8
**c)e('0%06&7-$"
!"&$-,' /&' 7,/6%24&' #$' /&*' ,+0&$2D&42,$#*' @("#' 4,$*2*%#' #$' /,*' #*N"#+D,*' -#' 2$N/"#$42&+' #
2$4+#)#$%&+'#/'7,-#+'4,$'#/'7+,75*2%,'-#'/,0+&+',1Q#%23,*@'1"*4&'2$%#+#*#*'7#+*,$&/#*'#$'3#D'-#'/,*
-#'/&'#)7+#*&'<'*#'+#&/2D&'*2$'G%24&'0#$#+&'"$&'7+,N"$-&'2$*&%2*N&4425$'#$'/,*'%+&1&Q&-,+#*8
>,1+#' #*%,' *#' 7+,N"$-2D&+I' #$' #/' *"14&76%"/,' %2%"/&-,' `L,/2%2("#+6&?' "$' N&4%,+' ("#' 0#$#+&
2$*&%2*N&4425$'<'-#7#$-#'-#'/&'4"/%"+&'-#'/&'#)7+#*&a8

;')]7U74)7')U"/%(-)9A5)09#(-%",%7)7,)'"
5"%05U"//01,).7)'(5)79#'7".(5

!a#I$ ,'#$ &'3+2&$ 6#'(49#9$ 9&$ %&+&'(&)$ >,&$ &)(G'$ .R,847#93);

24&'(+#)$(+#8#R#'B8
E(4(%&'%:)?(%
!"3%+#+$ 73$ 42*3)487&$ )173$ )4%'4L46#$ >,&$ (,$ R&L&$ 73$ #%+&%#+G$ #
(,)$(#+&#)$+&%,7#+&)B8
'2:F&A$%-20

K/%0:0.".

X&0&'"$&'7&"*&'#$'/&'/#4%"+&'<'+#N/#C2,$#'*,1+#'#/'7#,+'Q#N#'("#':&'%#$2-,'#$'/&'32-&8'>2'#*'"$
#*%"-2&$%#;'7"#-#'7#$*&+'#$'#/'7#,+'7+,N#*,+'("#':&'%#$2-,8'EF"G'4,$-"4%&*':&46&$'("#'0#$#+&+&
%&$%&'2$*&%2*N&4425$H

J*')"<'7+,1&1/#'("#'#$'#*%#'4&76%"/,'#$4"#$%+#'3&+2&*'4,$-"4%&*'("#'%#$6&'*"'7#,+'Q#N#8'T#$#+'"$
)&/'Q#N#'$,'*5/,'/#'7"#-#'0#$#+&+'2$*&%2*N&4425$'<'-#*),%23&425$;'/,'7"#-#':&*%&')&%&+8'J$'"$'#*%"-2,
4,$' %+#*' )2/' 7#+*,$&*' ("#' %"32#+,$' "$' )&/' Q#N#' -"+&$%#' 4"&%+,' &V,*' *#0"2-,*' *#' 4,)7+,15' ("#
%"32#+,$'"$'Y^'7,+'42#$%,')I*'7+,1&12/2-&-#*'-#'*"N+2+'"$'2$N&+%,]^h8
J$',%+,'#*%"-2,;'*#'#$4,$%+5'("#'#/'i['7,+'42#$%,'-#'/&'),%23&425$'-#'"$'#)7/#&-,'#$'#/'%+&1&Q,'*#
-#+23&'-#'/&'+#/&425$'-#/'*"1,+-2$&-,'4,$'*"'Q#N#]^g8'L,+',%+,'/&-,;'#/'l$*%2%"%,'>&+&%,0&'2$3#*%205'/&*
4&"*&*' -#' *&/2-&' -#' 3#2$%#' )2/' 7#+*,$&*' ("#' :&16&$' +#$"$42&-,' &' *"*' %+&1&Q,*;' <' #$4,$%+5' ("#' /&
7+2$427&/'4&"*&'-#'+#$"$42&'#+&'7,+')&/,*'Q#N#*8
JC2*%#$' -#4#$&*' -#' 4&+&4%#+6*%24&*' -#/' Q#N#' ("#' 4&"*&$' 2$*&%2*N&4425$' 4,),;' 7,+' #Q#)7/,;' ("#' #/
Q#N#'*#&'"$'/6-#+'&"*#$%#;'("#'*#&'-#*,+-#$&-,;'("#'$,':&0&'*#0"2)2#$%,;'("#'*#&'7#+N#442,$2*%&;'("#
)&/%+&%#;' #$%+#' )"4:&*' ,%+&*8' L#+,' #$' #*%#' 4&76%"/,' ("#+#),*' 4,$4#$%+&+$,*' #$' 4&"*&*' ("#
$,+)&/)#$%#'/,*'Q#N#*'$,'%,)&$')"<'#$'4"#$%&'<'("#'0#$#+&$')"4:&'2$*&%2*N&4425$8

*c)k7,7-)U":(-0%(5

+'&5%-"/01,)XE

M&'7#+*,$&'*,$+2#$%#'("#'&7&+#4#'#$'/&'2/"*%+&425$'^b'$,'#*'#/'Q#N#;'*2$,'#/'N&3,+2%,'-#/'Q#N#8'!,),
*#'7"#-#'3#+;'#/'%+&1&Q&-,+'N&3,+2%,'4"#$%&'4,$'"$&'4,)7"%&-,+&'),-#+$&;'"$'0+&$'#*4+2%,+2,'<'&)7/2,
#*7&42,8'J$'4&)12,;'/,*'-#)I*'%+&1&Q&-,+#*'4,)7&+%#$'"$'#*7&42,'7#("#V,'#'2$45),-,'<;'#$'3#D'-#
4,)7"%&-,+#*;' %2#$#$' )I("2$&*' -#' #*4+212+8' W*%&' #*' "$&' 4&+24&%"+&' ("#' #C&0#+&' /&' +#&/2-&-;' 7#+,' /&
3#+-&-'#*'("#')"4:&*'7#+*,$&*'*2#$%#$'("#'*"'Q#N#'%2#$#'N&3,+2%,*;'<'#*,'/#*'0#$#+&'2$*&%2*N&4425$8
J$' /&' 2$3#*%20&425$' &' /,*' %+#*42#$%,*' 0#+#$%#*' ("#' )#$42,$&),*' &$%#+2,+)#$%#;' #/' hi' 7,+' 42#$%,
,72$5'("#'*"'Q#N#'%#$6&'N&3,+2%,*]^^8
>2'<,'/#'7+#0"$%&+&'#$'#*%,*'),)#$%,*'&'"*%#-'*2'#$'/&',N242$&'%2#$#')I*'&N2$2-&-'4,$'&/0"$&'-#'/&*
7#+*,$&*' 4,$' /&*' ("#' %+&1&Q&;' #*%,<' *#0"+,' ("#' *"' +#*7"#*%&' *#+6&' ("#' *68' T#$#),*' )I*' &N2$2-&$,+)&/)#$%#' 4,$' 7#+*,$&*' ("#' *,$' )I*' 7&+#42-&*' &' $,*,%+,*;' /,' ("#' #*' %,%&/)#$%#' $,+)&/8' J/
7+,1/#)&'#*'4"&$-,'/&'&N2$2-&-'*#'4,$32#+%#'#$'N&3,+2%2*),8
!"&$-,'"$&'7#+*,$&'#*')I*'&N6$'&'$,*,%+,*;'%#$-#),*'&'4,$3#+*&+')I*'4,$'#//&;'&'%#$#+'"$&')#Q,+
+#/&425$' -#' &)2*%&-;' &' #*4"4:&+/&' <' &' -23#+%2+$,*' 4"&$-,' #*%&),*' 4,$' #//&8' J/' 7+,1/#)&' #*' ("#
4"&$-,'#/'+#*%,'-#'$"#*%+,'#("27,'3#'#*%,;'7"#-#'&*")2+'("#'#$'+#&/2-&-'#*'$"#*%+&'N&3,+2%&8
!,),'Q#N#'#*'2)7,+%&$%#'("#'/&*'7#+*,$&*'3#&$'("#'$,'%#$#),*'N&3,+2%,*8'J*'2)7,+%&$%#'#*%&+')I*
4,$*42#$%#*'7&+&')&$%#$#+'"$&'4,$-"4%&'-#'2)7&+42&/2-&-8
R' 4,$%2$"&425$;' )#$42,$,' /&' )&<,+6&' -#' 4&"*&*' ("#' 0#$#+&$' /&' *#$*&425$' -#' N&3,+2%2*),' #$' /&
#)7+#*&b[[?

o'A&<,+'&%#$425$'#'2)7,+%&$42&'&'/&'7#+*,$&8
o'A#Q,+'#3&/"&425$'-#'-#*#)7#V,8
o'AI*'+#4,$,42)2#$%,*8
o'AI*'+#4"+*,*;')I*'7+#*"7"#*%,;')#Q,+#*'#("27,*8
o'AI*',7,+%"$2-&-#*'-#'4+#42)2#$%,8
o'A#Q,+#*',7,+%"$2-&-#*'7&+&'&*4#$*,*8
o'A#Q,+#*'4,$-242,$#*'-#'%+&1&Q,8
o'A#Q,+#*'*"#/-,*'<'1,$,*8
o'T+&1&Q,')I*'2$%#+#*&$%#8
o'A#$,+'#C20#$42&'-#'7&+%#'-#/'Q#N#8
o'JC4#742,$#*'&'/&*'+#0/&*8
o'X,+&+2,*')I*'N/#C21/#*8
o'A&<,+'%,/#+&$42&'&/'#++,+8
o'R44#*,'&')I*'2$N,+)&425$8
o'AI*'&)2*%&-'4,$'#/'Q#N#8

M&'3#$%&Q&'-#'%#$#+'N&3,+2%,*'#*'("#'G*%#'*#'),%23&;'*#'*2#$%#'#*7#42&/;'4,),')"#*%+&'/&'2/"*%+&425$
^Y8

+'&5%-"/01,)XF

M&' -#*3#$%&Q&' #*' ("#' #/' N&3,+2%,' 0#$#+&' )"4:&' 2$*&%2*N&4425$' #$' #/' +#*%,' -#/' #("27,;' 4+#&$-,' "$
4/2)&'-#'2$#("2-&-;'4,),')"#*%+&;'/&'l/"*%+&425$'^f8

+'&5%-"/01,)XH

!,),'-24#'e&+2'K"./;'`#/'/6-#+'$,'%2#$#'("#'%+&%&+'&'%,-,*'/,*'*"1,+-2$&-,*'-#'/&')2*)&'N,+)&;
7#+,'4&-&'7#+*,$&'-#1#'7#+4212+'("#'#*'2)7,+%&$%#'<'"$')2#)1+,'+#*7#%&-,'-#/'#("27,;'#$'/"0&+'-#
"$'42"-&-&$,'-#'*#0"$-&'4/&*#ab[]8
Ec)+,/&9#'0-)#-(975"5
R$%#*'-#':&4#+'"$&'7+,)#*&'4,),'Q#N#*;'#*'2)7,+%&$%6*2),'+#N/#C2,$&+')"4:,'*,1+#'#//&8'=$&'3#D
("#'/&'7+,)#*&'*&/#'-#'$"#*%+&'1,4&'0#$#+&'&/%&*'#C7#4%&%23&*'#$'$"#*%+&'0#$%#;'<'*2'$,'*#'4")7/#;'$,
*5/,' /&*' 7#+*,$&*' *#' *2#$%#$' %,%&/)#$%#' 2$*&%2*N#4:&*;' *2$,' ("#;' &-#)I*;' *#' *2#$%#$' %+&242,$&-&*' <
7#+421#$'&/'Q#N#'4,),'7,4,'6$%#0+,8'=$&'7+,)#*&'#*'4,),'"$&'1&/&?'"$&'3#D'("#'/&'-2*7&+&*'<&'$,'/&
7"#-#*'+#0+#*&+'&/'&+)&8'L2#$*#'&$%#*'-#'-2*7&+&+8
M&*'7+,)#*&*')I*'2$4")7/2-&*'*,$b[b?
o'>2'%+&1&Q&*'-"+,;'%#'*"12+#),*'#/'*"#/-,8
o'>2'%#'-#*#)7#V&*'12#$;'+#4212+I*'"$'&*4#$*,8
o'>2'%#'#*N"#+D&*'#$'#*%#'%+&1&Q,'&1"++2-,;'+#4212+I*'"$'%+&1&Q,')I*'2$%#+#*&$%#8
o'J$'#*%&'#)7+#*&'%#'3&),*'&'#$%+#$&+'7&+&'("#'4+#D4&*'7+,N#*2,$&/)#$%#8
o'J*%&',N242$&'#*'%#)7,+&/;'<&'7+,$%,'%#'4&)12&+#),*'&'"$&')#Q,+8
o'K,'&++#0/,'#/'4,$N/24%,;'$,'*#'7+#,4"7#$8
o'M&'4&$%2-&-'-#'%+&1&Q,'*#'+#-"42+I'7+,$%,8
o'T#'-&+G'%,-,*'/,*'+#4"+*,*'$#4#*&+2,*'7&+&':&4#+'%"'%+&1&Q,8
o'J*%#'%+&1&Q,'&-242,$&/'("#'#*%I*':&42#$-,'#*'%#)7,+&/8
o'L#+*,$&/)#$%#'#*%&+G'&/'/&-,'%"<,'7&+&'&7,<&+%#8
o'J$'#*%&',N242$&'$,':&<'N&3,+2%,*8
o'T#$-+G'"$&'7,/6%24&'-#'7"#+%&*'&12#+%&*8

R/0"$,*' Q#N#*' :&4#$' 7+,)#*&*' 4,),' "$&' N,+)&' -#' *&/2+' -#' /&' 2$*&%2*N&4425$' -#/' ),)#$%,8' L,+
#Q#)7/,;'4"&$-,'"$'*"1,+-2$&-,'32#$#'&'7#-2+/#'("#'/#'&")#$%#$'#/'*"#/-,'<'#/'Q#N#'/#'-24#'("#'*2
%+&1&Q&'-"+,'*#'/,'&")#$%&+I$'#C2*%#'/&'1"#$&'3,/"$%&-;'7#+,'#/'&")#$%,'$,'*5/,'-#7#$-#'-#'G/8'X&<
("#'%#$#+'4"2-&-,'-#'7+,)#%#+'4,*&*'("#'$,'-#7#$-#$'-#'$,*,%+,*8

+'&5%-"/01,)XJ

M&*'7+,)#*&*'("#'3&),*'4")7/2#$-,'3&$'0#$#+&$-,'/,*'/&-+2//,*'<'#/'4#)#$%,'-#'$"#*%+,')"+,'-#
4,$N2&$D&'4,$'$"#*%+&'0#$%#8'!,$*%+"2+'4,$N2&$D&'%,)&'&V,*;'*#'4,$*%+"<#'/&-+2//,'&'/&-+2//,','7+,)#*&
&' 7+,)#*&' 4")7/2-&8' L#+,' 4"&$-,' 2$4")7/2),*' "$&' *,/&' 7+,)#*&;' #/' )"+,' *#' 32#$#' &1&Q,' <' *#
-#*%+"<#'/&'4,$N2&$D&8

+'&5%-"/01,)XS

2&B7-7,/0"5).7)/19()3"/7-)#-(975"5b[Y?
]8' \#N/#C2,$&+' &$%#*' -#' :&4#+' /&' 7+,)#*&8' \#4"#+-#' ("#' 4"&$-,' "*%#-' :&4#' /&' 7+,)#*&;' #/' #)7/#&-,' /,' -&' 7,+' :#4:,8' !"&$-,' $,' /&
4")7/#;'/#'0#$#+&'"$&'*#$*&425$'-#'7G+-2-&'("#'7+,-"4#'2$*&%2*N&4425$8
b8'L+#0B$%#*#'*2'#*'2$-2*7#$*&1/#':&4#+'"$&'7+,)#*&?
o'E!"I/'#*')2'2$%#$425$'&/':&4#+/&H'EX&4#+'*#$%2+'12#$'&'/&'0#$%#'#$'#/'4,+%,'7/&D,'<'#32%&+'4,$N/24%,*H
o'E9#4#*2%,':&4#+/&H
o'EJ*'+#&/2*%&;'/&'7"#-,'4")7/2+H
Y8'>#&'#*7#46N24,8'R*20$#'"$&'N#4:&'-#'4"I$-,'2+I'&'4")7/2+'/&'7+,)#*&;'7,+("#'/&*'7#+*,$&*'*2#)7+#'#*7#+&$')I*'+&72-#D8
f8'JC7/2("#'/&*'7,*21/#*'4,$%2$0#$42&*'("#'$,'-#7#$-#$'-#'"*%#-8

L,+'#Q#)7/,;'`%,-,'#*%I'7+,0+&)&-,'7&+&'("#'#/'&")#$%,'*#'4,$4+#%#'-#$%+,'-#'%+#*')#*#*;'7#+,;
,Q,;'$,'-#7#$-#'-#')6;'*2$,'-#'/&'-#42*25$'-#/'4,)2%G'-#'0#+#$42&'<'-#'45),'/#'3&<&'&'/&'#)7+#*&a8
i8'>2'3#'("#'$,'7,-+I'4")7/2+;'-20&'/&'3#+-&-'&'%2#)7,8'9,'#*7#+#'("#'*#'4")7/&'#/'7/&D,'7+,)#%2-,'7&+&'+#42G$'-2*4"/7&+*#8

R' 4,$%2$"&425$;' *"0#+2),*' "$' 4"#*%2,$&+2,' 7&+&' ("#' 4&/2N2("#' &' *"' Q#N#' #$' /,*' #/#)#$%,*' ("#
0#$#+&$' 2$*&%2*N&4425$;' -,$-#' #*%I$' 2$4/"2-,*' /&' #C2*%#$42&' -#' N&3,+2%,*' <' #/' 2$4")7/2)2#$%,' -#' /&*
7+,)#*&*8

EJ$'4"I$%&*'7+#0"$%&*'"*%#-')&+45'f','iH'!"G$%#/&*8'M"#0,;'+##)7/&4#'#*%#'$B)#+,'#$'/&'*20"2#$%#
N5+)"/&?'j'mmmmmm'C'][[k'w']b
L,+'#Q#)7/,;'*2')&+45'Z'7+#0"$%&*'4,$'f','i;'*#+6&'Z'C'][['Z[['-232-2-,'#$%+#']b''i['7,+'42#$%,8
=*%#-'#*%I'-#*4,$%#$%,'#$'#/'i['7,+'42#$%,'-#'/&*'7+#0"$%&*'4,$'+#*7#4%,'&'*"'Q#N#8

e('0%06&7-$"4)&,)U"/%(-)6&7)B7,7-"
0,5"%05U"//01,)6&7).7#7,.7).7)'")/&'%&-").7
'")79#-75"

!WR&+6&+$ 7#$ *37@(46#$ &)$ 6323$ (&'&+$ +&7#643'&)$ )&T,#7&)?$ 6#)4

(393)$ 73$ A#6&'$ *&+3$ '#94&$ )&$ )4&'(&$ 612393$ 94)6,(4&'93$ 6123
73$A#6&'B8
@$%*(&@)*04;%(

K/%0:0.".
EJ*' 4,++#4%,' #Q#+4#+' /&' 7,/6%24&' #$' /&*' ,+0&$2D&42,$#*H' E!"I$-,' /&' 7,/6%24&' *#' 4,$32#+%#' #$' 7,/2%2("#+6&H' X&0&' "$&
7&"*&'<'+#N/#C2,$#8

>#0B$'\24.'p+&$-,$;'/&'7,/6%24&'#$'/&*',+0&$2D&42,$#*'*#'+#N2#+#'`&'/,*'#*N"#+D,*'-#'2$N/"#$42&+'#
2$4+#)#$%&+' #/' 7,-#+' -#' )&$#+&' 2$N,+)&/;' $,' ,N242&/' <' )"4:&*' 3#4#*' -#%+I*' -#' 1&)1&/2$&*' 4,$' #/
7+,75*2%,'-#'/,0+&+',1Q#%23,*ab[f8
!"&$-,' "$,' /##' #*%&' -#N2$2425$' /&' *2#$%#' "$' 7,4,' $#0&%23&;' /&' N+&*#' !-#%+I*' -#' 1&)1&/2$&*B$ /#
7"#-#'4&"*&+'-#*4,$N2&$D&'&')I*'-#'"$,8'L#+,'3#&),*'#/'*20"2#$%#'4&*,?

e('$%0/"
=*%#-' #*' "$' )2#)1+,' -#' "$' #("27,' <' ("2#+#' ("#' *#' &7+"#1#' "$&' #*%+&%#02&' ("#' *2#$%#' ("#' #*' /&' )#Q,+' 7&+&' /&
#)7+#*&'<':&+I'("#'#/'#("27,'/,0+#'*"*'+#*"/%&-,*8'L#+,'#$'#/'#("27,':&<'"$&'7#+*,$&'("#'#*')"<'-,)2$&$%#'<'("#'$,
4&)12&'-#',72$25$'NI42/)#$%#;'7,+'/,'("#'*#',7,$#'&'*"'#*%+&%#02&8
J$%,$4#*;' "*%#-' *#' +#B$#' 4,$' 4&-&' 7#+*,$&' -#/' #("27,' -#' N,+)&' 7+23&-&' 7&+&' 4,$3#+*&+' *,1+#' *"' #*%+&%#02&' #
2$%#$%&+'7#+*"&-2+/,*'-#'("#'#*'/,')#Q,+'7&+&'#/'#("27,'<'/&'#)7+#*&8
!"&$-,'#/'#("27,'*#'+#B$#'$"#3&)#$%#;'"*%#-'7/&$%#&'*"'2-#&'<'G*%&'#*'&7,<&-&'7,+'%,-,*8

J$' #*%#' 4&*,' "*%#-' 2$N/"#$425' <' &")#$%5' *"' 7,-#+' -#' )&$#+&' 2$N,+)&/' 4,$' #/' #("27,;' :&42G$-,/,
-#%+I*'-#'1&)1&/2$&*'4,),')#$42,$&'/&'-#N2$2425$8'>2$'#)1&+0,;'E4"I$-,'*#'4,$32#+%#'/&'7,/6%24&'#$
7,/2%2("#+6&H
o'!"&$-,'1"*4&),*'$"#*%+,*'7+,72,*'2$%#+#*#*'7#+*,$&/#*'<'$,'/,*'-#'/&'#)7+#*&8
o'!"&$-,'*#':&4#'7,/6%24&'*2$'G%24&8

M&'7,/2%2("#+6&'*#')&$2N2#*%&'&'%+&3G*'-#'4,$-"4%&*'%6724&*'#$'/&*',+0&$2D&42,$#*8'!"&$-,',4"++#$;
#*%&*' 4,$-"4%&*' 0#$#+&$' 2$*&%2*N&4425$8' R' 4,$%2$"&425$;' ),*%+&),*' &/0"$&*' 4,$-"4%&*' -#' /&
7,/2%2("#+6&?
*c) KB7,.") 75/(,.0."8' >#' -&' 4"&$-,' "$&' 7#+*,$&' %+&%&' -#' 2$N/"2+' #$' "$&' -#42*25$' 7,+' *"*' 7+,72,*
2$%#+#*#*' ,4"/%,*;' 7#+,' -&' /&' &7&+2#$42&' -#' ("#' /,' :&4#' 7,+' #/' 1#$#N242,' -#' /&' #)7+#*&8' J$' /&
2/"*%+&425$' ^h;' 7,+' #Q#)7/,;' *#' )"#*%+&' "$&' 7#+*,$&' ("#' #*%I' %+&%&$-,' -#' ("#' &4#7%#$' &' /&' $"#3&
&*2*%#$%#' 7,+("#' %2#$#' )"<' 1"#$&*' 4&/2N24&42,$#*' %G4$24&*;' 7#+,;' #$' +#&/2-&-;' #*%#' Q#N#' %2#$#' ,%+&
&0#$-&'#*4,$-2-&8

+'&5%-"/01,)XV

!"&$-,' %+&%&$' -#' 2$N/"2+' 4,$' "$&' &0#$-&' #*4,$-2-&;' $,*' *#$%2),*' )&$27"/&-,*;' #$0&V&-,*' <
7#+-#),*'/&'4,$N2&$D&'#$'/&'7#+*,$&8
Ec)e-(%7B7-)'(5)%7--0%(-0(5c'!"&$-,'"$,'%2#$#'"$&'Q#N&%"+&','"$&'0#+#$42&'#*':")&$,'("#+#+'#Q#+4#+'#/
7,-#+' #$' #//&8' >2$' #)1&+0,;' &/0"$&*' 7#+*,$&*;' 0#$#+&/)#$%#' 2$*#0"+&*;' ("2#+#$' "*&+' #/' 7,-#+' 7&+&
*#$%2+*#'N"#+%#*;'7,-#+,*,*'<'"*&$'*"'I+#&'4,),'"$'%#++2%,+2,','4&*2//#+,'#*%&$4,'<'$,'7#+)2%#$'("#
$2$0"$&'7#+*,$&'*#'&4#+("#8'!,),'*#')"#*%+&'#$'/&'2/"*%+&425$'^g8

+'&5%-"/01,)XW

J$')2'#C7#+2#$42&'4,),'4,$*"/%,+;'/&')&<,+6&'-#'/&*'#)7+#*&*'("#':#'&$&/2D&-,'%2#$#$'#/'7+,1/#)&
-#' /,*' *2/,*' ,' 4&*2//#+,*' #*%&$4,*8' 9,+)&/)#$%#' *#' %+&1&Q&' #$' #("27,' #$' #/' I+#&;' 7#+,' /&*' I+#&*' $,
%+&1&Q&$'#$'#("27,'#$%+#'#//&*8
J/' 7+,1/#)&' $,' #*' *5/,' /&' 7#+*,$&/2-&-' ,' #/' #*%2/,' -#/' Q#N#;' #C2*%#$' )"4:,*' ,%+,*' N&4%,+#*' )I*
+#/&42,$&-,*'&'/&'4"/%"+&'("#'N,)#$%&$'/,*
*2/,*8'J$'/&')&<,+6&'-#'/,*'4&*,*'#/'7+,1/#)&'*#',+202$&'#$'/&'0#+#$42&'0#$#+&/8'>2'#/'0#+#$%#
0#$#+&/'$,'/#'7+#*%&'&%#$425$'$2'),-#/&'#/'%+&1&Q,'#$'#("27,'#$%+#'I+#&*;'#*')"<'-2N642/'("#'#/'+#*%,'/,
:&0&8'S%+&'4&"*&'-#'/,*'*2/,*'#*'("#'/&'#)7+#*&'3&/,+#'<'7+#)2#'*5/,'#/'%+&1&Q,'2$-232-"&/;','("#'$,
#C2*%&'%+&1&Q,'#$'#("27,'#$%+#'/&*'I+#&*'7,+("#'/,*'0#+#$%#*'-#'/&*'I+#&*'$,'%2#$#$'4,$N2&$D&'#$%+#
#//,*8'J*%&'-#*4,$N2&$D&'/&'%+&$*)2%#$'&'*"*'#("27,*;'N&42/2%&$-,'/&'N,+)&425$'-#'*2/,*8
L#+,'#/'0+&$',1*%I4"/,'7&+&'#32%&+'/,*'*2/,*'#*'/&'$&%"+&/#D&':")&$&8'J/'*#+':")&$,;'-#*-#'/&'G7,4&
-#'/&*'4&3#+$&*;'-2N#+#$42&'*"'0+"7,'6$%2),'-#'*"'0+"7,'#C%#+$,8'!"&$-,'"$'4&3#+$64,/&'2-#$%2N24&1&'&
&/0"2#$'-#'*"'4/&$;'#*'-#42+;'-#'*"'0+"7,'6$%2),;'#*%,'*20$2N24&1&'%+&$("2/2-&-8'J$'4&)12,;'4"&$-,'3#6&
("#' "$' #C%+&V,' *#' &4#+4&1&;' #*' -#42+;' &/0"2#$' -#' *"' 0+"7,' #C%#+$,;' #*%,' 2)7/24&1&' 7+#,4"7&425$' <
7+#7&+&+*#' 7&+&' /"4:&+' ,' +#%2+&+*#8' M,*' 4/&$#*' 4,$*%&$%#)#$%#' *#' #$N+#$%&$' #$%+#' *6' 7,+' /&
-2*7,$212/2-&-' -#' /,*' +#4"+*,*8' T&$%,' &*6' ("#' #$' $"#*%+,' 4#+#1+,' %#$#),*' "$&' D,$&' -,$-#
2-#$%2N24&),*'#/'0+"7,'6$%2),'<',%+&'-,$-#'2-#$%2N24&),*'#/'0+"7,'#C%#+$,8
J/' +,/' -#' /&' 4"/%"+&' -#' /&' #)7+#*&' #*' :&4#+' ("#' #C2*%&' "$' *,/,' 0+"7,' 6$%2),' &-#$%+,' -#' /&
,+0&$2D&425$'<'("#')I*'12#$'#/'0+"7,'#C%#+$,'#*%G'N"#+&;'#$'/&'4,)7#%#$42&8'J*%,'*#'/,0+&'%+&1&Q&$-,
/&'4"/%"+&;'/,0+&$-,'("#'/&*'-2N#+#$%#*'I+#&*'4,)7&+%&$'/,*'3&/,+#*'-#'/&'#)7+#*&'<'("#'$,'#C2*%&$
*"14"/%"+&*')&+4&-&*'4,$'3&/,+#*'-2N#+#$%#*8'T&)12G$'&<"-&'&'("#'%,-&*'/&*'I+#&*'*#'4,)7+,)#%&$
4,$'#/',1Q#%23,'<'#*%+&%#02&'0/,1&/'-#'/&'#)7+#*&8

Fc)2('%"-),(98-758'S%+&'#*%+&%#02&'("#'*#'"*&')"4:,'<'("#'/,0+&'2$N/"2+'#$'/&*'7#+*,$&*'#*'+#4"++2+'&
/&'4#+4&$6&'&/'7,-#+'("#'%2#$#$'&/0"$,*8'L,+'#Q#)7/,;'2)&02$#),*'("#'#/'7+#*2-#$%#'-#'/&'4,)7&V6&
*#'//&)&'>#1&*%2I$'<'%2#$#'"$'0+"7,'-#'7#+*,$&*'4#+4&$&*'&'G/8'X&<'&/0"$,*'("#'*#'&7+,3#4:&$'-#'#*%&
+#/&425$'4,$'#/')IC2),'7,-#+'<;'7&+&'2$N/"#$42&+'&'/&*'7#+*,$&*;'/#'-24#$'`&'>#1&*%2I$'/#'#$4&$%5'/&
2-#&a;' &"$("#' +#&/)#$%#' $,' /,' :&<&' 4,$*"/%&-,' 4,$' >#1&*%2I$8' R/' `*,/%&+a' #/' $,)1+#;' /#' -&' "$
2)7"/*,'&'*"'2$N/"#$42&'("#':&4#'("#'*#')"#3&'+I72-&)#$%#'&'#Q#4"%&+;'4,),')"#*%+&$'/&'2/"*%+&425$
^^'<'][[8

+'&5%-"/01,)XX

+'&5%-"/01,)*QQ

Hc) 2(8-7:7,.7-578' J*' :")&$,' )&$#Q&+' $"#*%+&' 2)&0#$' #$' /&' #)7+#*&' <' ("#+#+' -&+' "$&' 1"#$&
2)7+#*25$8'L,+'#Q#)7/,;'#$')"4:&*'#)7+#*&*'4"&$-,'/,*'Q#N#*'*#'("#-&$':&*%&'%&+-#'%+&1&Q&$-,;'/,*
#)7/#&-,*'/,':&4#$'%&)12G$'7,+("#'$,'("2#+#$'-&+'/&'2)&0#$'-#'("#'*,$'N/,Q,*8'J/'7+,1/#)&'32#$#
4"&$-,'#/'#Q#4"%23,'*#'*,1+#3#$-#;'4"&$-,'7+,<#4%&'"$&'2)&0#$'("#'$,'#*'+#&/'<'/&'&7+,3#4:&'7&+&
0&$&+')I*'7,-#+;'4,),'*#')"#*%+&'#$'/&'2/"*%+&425$'][]8

+'&5%-"/01,)*Q*

R-#)I*;'7&+&'*,1+#3#$-#+*#;'$,+)&/)#$%#'#/'2$-232-",':&'%#$2-,'("#'7&*&+'7,+'#$42)&'-#',%+&*
7#+*,$&*'("#'%#+)2$&$')&/%+&%&-&*'4,),')"#*%+&'/&'2/"*%+&425$'][b8

+'&5%-"/01,)*QE

Jc) K,%"B(,0\"-4) Y() 75%A5) /(,90B() () 7-75) 90) 7,790B(Zc) M&*' 7#+*,$&*' ("#' "*&$' #/' 7,-#+' 7&+&' *"
7+,72,'1#$#N242,;'#*%I$'4&/4"/&$-,'%,-,'#/'%2#)7,'("2G$'#*%I'4,$'#//,*'<'("2G$'$,8'9,'#C2*%#$'0+2*#*;
*5/,'1/&$4,*'<'$#0+,*8'!"&/("2#+'4,$-"4%&'N&3,+&1/#'7&+&'/&'#)7+#*&'7#+,'("#'&N#4%#'&'/&'7#+*,$&
("#'#Q#+4#'7,/2%2("#+6&;'+#-"42G$-,/#'#/'7,-#+;'#*'4,$*2-#+&-&'4,),'#/'&4%,'-#'"$'#$#)20,8'L&+&'#/
7,/2%2("#+,;'/&'#)7+#*&'#*'"$'4&)7,'1&%&//&'4,),'*#')"#*%+&'#$'/&'2/"*%+&425$'][Y;'-,$-#'#*%I$'/,*
I$0#/#*;'/,*'("#'G/'*2#$%#'("#'/,'&7,<&$'2$4,$-242,$&/)#$%#'<'#/'+#*%,'("#'*,$'/,*'-2&1/,*8

+'&5%-"/01,)*QF

Sc)i"8'"-)9"').7)'(5).79A5).7)U(-9").0509&'"."c'!"&$-,'"$&'7#+*,$&'1"*4&'*"'7+,72,'1#$#N242,
%2#$#'("#'-2*N+&D&+'*"*'%I4%24&*'7&+&'7&+#4#+'"$&'7#+*,$&'4,$N2&1/#8'=$&'-#'/&*'4,$-"4%&*'#*'`+&Q&+a
-#'N,+)&'-2*2)"/&-&8'L,+'#Q#)7/,;'#$'/&'2/"*%+&425$'][f'*#')"#*%+&'("#'"$'7,/2%2("#+,'/#'4,)#$%&'&
*"'Q#N#'/,'*20"2#$%#'&4#+4&'-#'X#$+<;'&'("2#$'*2#$%#'"$'#$#)20,?'`X#$+<'#*')"<'1"#$'%G4$24,;'("2DI*
#/')#Q,+'("#'%#$#),*;'7#+,'/#'N&/%&$'-#*%+#D&*'2$%#+7#+*,$&/#*a8'W*%#'#*'"$'4,)#$%&+2,'&7&+#$%#)#$%#
7,*2%23,'("#'4&)"N/&'/&'3#+-&-#+&'2$%#$425$'-#'#/2)2$&+'&'X#$+<'4,$'"$'4"4:2//,'7,+'/&'#*7&/-&8

+'&5%-"/01,)*QH

Vc)K.&'"-)")6&07,75)75%A,)7,)7')#(.7-c'=$&'N,+)&'-#'0&$&+')I*'7,-#+'#*'#$%&1/&+'"$&'+#/&425$')I*
4#+4&$&' 4,$' #/' Q#N#;' /&' 7#+*,$&' ("#' %2#$#' )I*' 7,-#+8' L&+&' &")#$%&+' *"' *2)7&%6&;' /,*' 7,/2%2("#+,*

$"$4&'/,'4,$%+&-24#$;'%+&%&$'-#'7&+#4#+*#'&'G/;'/,'N#/242%&$'<'&/&1&$'4,$*%&$%#)#$%#'<':&*%&'*#'+6#$'-#
*"*'4:2*%#*'7,+')I*'("#'*#&$'%#++21/#*;'4,),')"#*%+&'/&'2/"*%+&425$'][i8

+'&5%-"/01,)*QJ

Wc)e-0:0'7B0"-)'")`"905%(/-"/0"a)7,)'&B"-).7)'")`97-0%(/-"/0"ac
J/' 7,/2%2("#+,' #*%I' %,-,' #/' %2#)7,' 4&/4"/&$-,' 45),' 0&$&+' )I*' 7,-#+8' =$&' #*%+&%#02&' #*' &*4#$-#+' &
&("#//&*' 7#+*,$&*' ("#' 4,$*2-#+&' 2$4,$-242,$&/#*;' -#*%+"<#$-,' &*6' /&' `)#+2%,4+&42&a8' !"&$-,' /&*
7#+*,$&*'3#$'("#'/,*'("#'&*42#$-#$'*,$'/,*'&)20,*'-#'&/0"2#$')I*'4#+4&$,'&/'7,-#+;'*2#$%#$')"4:&
2$Q"*%242&'<'#*%,'0#$#+&'2$*&%2*N&4425$';'%&/'4,),')"#*%+&'/&'2/"*%+&425$'][Z8

+'&5%-"/01,)*QS

;5%-"%7B0"5)#"-")-7.&/0-)'")#('0%06&7-$")7,)'")79#-75"
*c)k7,B")/&0.".()/(,)7')`7U7/%()3"'(ac'W*%#'#*'"$'*#*0,'-#'7#+4#7425$'("#'*#'-&'4"&$-,'&'"$&
7#+*,$&'/#'7&+#4#'7,*2%23,','&%+&4%23,'"$'+&*0,'-#'&/0"2#$'<'/"#0,'%2#$-#'&'0#$#+&/2D&+'&'/&'7#+*,$&

4,),'7,*2%23&','&%+&4%23&'2$%#0+&/)#$%#8'L,+'#Q#)7/,;'4"&$-,'"$'7+,N#*,+'$"#3,':&4#'"$&'7+#0"$%&'#$
4/&*#' <' "$' &/")$,' #$' 7&+%24"/&+' /&' +#*7,$-#' 4,++#4%&)#$%#;' #*' )"<' NI42/' 0#$#+&+' #/' #N#4%,' :&/,' <
4,$*2-#+&+'&/'Q,3#$'4,),'"$'#C4#/#$%#'#*%"-2&$%#8'L"#-#'("#'/,'*#&;'7#+,'#$'/&')#$%#'-#/'7+,N#*,+'<&
/,'#*'<'$,'#*'$#4#*&+2&)#$%#'4,++#4%,;'7"#-#'*#+'("#'*"'&)20,'/#':&<&'`*,7/&-,a'/&'+#*7"#*%&8'S%+,
#Q#)7/,' #*' 4"&$-,' "$' Q#N#' $"#3,' N#/242%&' &' "$' *"1,+-2$&-,' 7,+' *"*' /,0+,*' -#/' %+2)#*%+#' <' /"#0,
0#$#+&/2D&' #*%#' #3#$%,' 7,*2%23,' &' %,-&*' /&*' 4&+&4%#+6*%24&*' -#/' *"1,+-2$&-,8' L,-+6&' *#+' ("#' #/
*"1,+-2$&-,'/,0+#'*"*'+#*"/%&-,*;'7#+,'%2#$#'%#++21/#*'+#/&42,$#*'2$%#+7#+*,$&/#*'#$'/&',N242$&8
T&)12G$',4"++#'4,$'("2#$#*'%2#$#$'"$&'1"#$&'7+#*#$42&8'R'3#4#*'*5/,'/&'7+#*#$42&'-#'"$&'7#+*,$&
7"#-#':&4#+$,*'0#$#+&/2D&+'("#'#*'1"#$&'#$'%,-,'*#$%2-,8'J$'"$'#*%"-2,'*#'-#*4"1+25'("#'/&*'7#+*,$&*
&%+21"<#$'&'/&'0#$%#'1,$2%&'4&+&4%#+6*%24&*'7,*2%23&*'4,),'0#$%2/#D&;':,$#*%2-&-'#'2$%#/20#$42&;'#$%+#
,%+&*b[i8
M,*'7,/2%2("#+,*'4,$,4#$'2$%"2%23&)#$%#'#*%#'#N#4%,'<'/,'"*&$'&'*"'N&3,+8'!,),')#$42,$&),*;'*,$
#C%+&,+-2$&+2,*'3#$-#-,+#*'-#'*"'2)&0#$;'%+&%&$-,'-#'0#$#+&+'#/'#N#4%,':&/,8'9,'*&("#'4,$4/"*2,$#*
%&$' +I72-&*' -#' /&*' 7#+*,$&*' ("#' 4,$,4#;' $,' *#' -#Q#' 2$N/"#$42&+' 7,+' /&*' 7+2)#+&*' 2)7+#*2,$#*;' *#&
4,$*42#$%#'4"&$-,'"$&'7#+*,$&'*#'#*%I'*,1+#3#$-2#$-,8
Ec)K#-7,.")").7%7/%"-)"B7,."5)75/(,.0."5c'!,),')"#*%+&'/&'2/"*%+&425$'][h;'-#*&++,//#'32*25$
-#'+&<,*'C'7&+&'3#+'4"4:2//,*'#*4,$-2-,*8

+'&5%-"/01,)*QV

J*' 2)7,+%&$%#' :&4#+' /&' *20"2#$%#' 7+#0"$%&' *2' %2#$#' /&' *,*7#4:&' -#' ("#' :&<' &0#$-&*' ,4"/%&*?' EF"G
0&$&' /&' 7#+*,$&' 4,$' #*%#' 7+,<#4%,H' EL,-#+;' #0,;' #*%&%"*;' 32*212/2-&-;' +#4"+*,*;' &<"-&+' &' "$' &/2&-,;

7#+Q"-24&+'&'"$'#$#)20,H'9,'*#'%+&%&'-#'-#*4,$N2&+'-#'%,-,*;'7#+,'*6'-#'#*%&+'&/#+%&*'#$'4&*,'-#'("#
#/'4,)7,+%&)2#$%,'-#'"$&'7#+*,$&'/#'7+#,4"7#8
Fc)I7%7/%7)")'(5)`/3&#"97.0"5a)M)7:0%7)#-(9(:7-'(5c'=$&'N,+)&'-#'#)7#D&+'&'+,)7#+'4,$'#*%#
#*%2/,'#*'+#4,$,4#+'&'&("#//&*'7#+*,$&*'("#'%2#$#$'#/'4,+&Q#'-#'7#$*&+'-2N#+#$%#'&'"*%#-','4"#*%2,$&+
*"*'-#42*2,$#*8'>2'"*%#-'N#/242%&'&'"$&'7#+*,$&'7,+'-2*4+#7&+'4,$'"*%#-;'-&'/&'*#V&/'-#'("#'$,'("2#+#
&-"/&-,+#*8
L,+' ,%+,' /&-,;' %,)#' 4,$42#$42&' -#' ("2G$#*' *,$' /,*' ("#' *2#)7+#' *#' +6#$' -#' *"*' 4:2*%#*;' /,*' ("#
&/&1&$'*"*'2-#&*'%,-,'#/'%2#)7,'<'/,*'("#'$"$4&'4"#*%2,$&$8

o"'(-",.()'()6&7)%07,75
!"#$%&$'("#'"$'-2*467"/,'*#'("#Q&1&'%,-,'#/'%2#)7,'4,$'*"')&#*%+,'-#'("#'*"'%#)7/,'#+&')"<'4:24,;'("#'#/'#*7&42,
-#' )#-2%&425$' #+&' 2$&7+,72&-,' <' ("#' *"*' 4,)7&V#+,*' -#' )#-2%&425$' $,' 4,/&1,+&1&$' 4,),' G/' ("#+6&8' J/' -2*467"/,' #+&
)"<'2$*2*%#$%#'#$'*"*'("#Q&*8
=$'-6&;'4"&$-,'#/')&#*%+,'#*%&1&'4&)2$&$-,'7,+'/,*'Q&+-2$#*'-#/'%#)7/,'4,$'*"*'-2*467"/,*;'%,)5'&/'-2*467"/,'("#Q,*,
-#'/&'4&1#D&'<'/#'%&75;'&'/&'N"#+D&;'/&'1,4&'<'/&'$&+2D8'A2#$%+&*'#*%,',4"++6&'#/'+#*%,'-#'/,*'-2*467"/,*'/#'+,0&1&'("#'/,
*,/%&+&;'("#'#/'-2*467"/,'*#'21&'&'&:,0&+;'7#+,'#/')&#*%+,'$,':&46&'4&*,8'J/'-2*467"/,'("#Q,*,'$,'7,-6&'+#*72+&+'<'%+&%&1&
-#' /21+&+*#' -#/' )&#*%+,;' 7#+,' #/' )&#*%+,' 7#*&1&' 4&*2' #/' -,1/#' <' %#$6&' )"4:&' N"#+D&8' !"&$-,' #/' -2*467"/,' <&' #*%&1&' &
7"$%,' -#' &:,0&+*#;' #/' )&#*%+,' /,' *,/%5O' #/' *"Q#%,' 4&<5' &/' 72*,' <' #)7#D5' &' +#*72+&+' &02%&-&)#$%#8' J/' )&#*%+,' /#' -2Q,?
`T,-,'#/'%2#)7,'%#'("#Q&*'-#'/,'("#'$,'%2#$#*'#$'/"0&+'-#'3&/,+&+'/,'("#'%2#$#*;'0#$#+&$-,')&/&'321+&'#$'#/'%#)7/,8'J/
&2+#'/,'%2#$#*'%,-,'#/'%2#)7,;'7#+,'4"&$-,'%#'N&/%&;'4,),'&:,+&;'/,'3&/,+&*8'>2'*20"#*'("#QI$-,%#'%#'*&4&+G'-#/'%#)7/,'<;
4,),'#/'&2+#;'+#42G$'%#':&+I'N&/%&'%,-,'/,'("#'%2#$#*'&:,+&a8

M,*'N&4%,+#*':202G$24,*','N&4%,+#*'-#'2$*&%2*N&4425$'("#':#),*')#$42,$&-,'#$'#*%,*'4&76%"/,*'*,$
4,),'#/'&2+#8'L,+'#Q#)7/,;'4"&$-,'%2#$#'Q"*%242&;'4,),'#/'&2+#;'$,'/&'3&/,+&;'/&'-&'7,+':#4:,;'#*'/,
)6$2),' ("#' #*7#+&;' ("#' /,' %+&%#$' 4,$' Q"*%242&8' L#+,' 4"&$-,' $,' /&' %2#$#;' 4,),' #/' &2+#;' 0#$#+&' "$&
*#$*&425$'-#'2$4,$N,+)2-&-'#'2$*&%2*N&4425$8'L&+&'4+#&+'"$'#$%,+$,'("#'0#$#+#'4,)7+,)2*,'$,'*5/,
-#1#),*'%+&1&Q&+'/&'),%23&425$;'*2$,'%&)12G$'#/2)2$&+'/,*'N&4%,+#*'("#'0#$#+&$'2$*&%2*N&4425$8

!"#$%&'()X
K#'0/",.()'()"#-7,.0.(

K#'0/",.()'()"#-7,.0.()7,).0:7-5(5)/"5(5

!"3$ >,&$ &)6,6A3?$ 73$ 375493Z$ 73$ >,&$ 5&3?$ 73$ +&6,&+93Z$ 73$ >,&
A#%3?$73$#*+&'93B8
520Q:)*2

J$'#*%#'/21+,':#),*'%+&%&-,'"$&'*#+2#'-#'%#)&*'<')#$42,$&-,'3&+2&*'%#,+6&*'-#'),%23&425$8'>#'/#
:&$'7/&$%#&-,'"$&'*#+2#'-#'#Q#+4242,*;'7#+,':&*%&'&:,+&'$,':&'%#$2-,'/&',7,+%"$2-&-'-#'"*&+'%,-,*'*"*
4,$,42)2#$%,*'#$'"$'4&*,'2$%#0+&-,+8'R'4,$%2$"&425$;':&+#),*'"$'+#*")#$'0+IN24,'-#'/,'&7+#$-2-,'<
/"#0,' /#' 7+,7,$-+#),*' &/0"$,*' 4&*,*' 7&+&' ("#' "*%#-' /,*' -#*&++,//#8' L&+&' #/' +#*")#$' 0+IN24,
"*&+#),*'/&')#%IN,+&'-#/'0/,1,'4,),'*#+':")&$,;'-,$-#'#/'&2+#'-#/'0/,1,'#*'/&'),%23&425$8

+'&5%-"/01,)*QW
o'M&'),%23&425$'-#')#Q,+'4&/2-&-'#*'/&'),%23&425$'2$%+6$*#4&;'&("#//&'("#'*#'-&'#$'/&'&4%232-&-'#$'*6')2*)&8
o'M,*'#*%"-2,*'-#)"#*%+&$'("#'#/'),%23&-,+'#C%+6$*#4,'7"#-#'-&V&+'/&'),%23&425$'2$%+6$*#4&;'4,),')"#*%+&'/&'2/"*%+&425$8
o'>2'/&'7#+*,$&'$,')"#*%+&'2$%#+G*'2$%+6$*#4,'#$':&4#+'/&'%&+#&;'7,-+6&'4,$*2-#+&+'&7/24&+'/&'),%23&425$'#C%+6$*#4&8

!"&$-,'&7/2("#'/&'),%23&425$'#C%+6$*#4&'%,)#'#$'4"#$%&'/,*'*20"2#$%#*'7&*,*?
]8'A,*%+&+'#)7&%6&8'\#4,$,4#+'("#'/&'&4%232-&-'7"#-#'*#+'&1"++2-&','+"%2$&+2&','("#'$,'0#$#+&'),%23&425$8
b8'JC7/24&+'7,+'("G':&4#+'"$&'%&+#&'#*'2)7,+%&$%#8
Y8'U&+'&"%,$,)6&'j#$'/,'("#'*#&'7,*21/#k'7&+&'("#'/&*'7#+*,$&*'-2*#V#$'*"*'#*%+&%#02&*'7&+&'//#3&+/&*'&'4&1,8'J*4"4:&+'7+,7"#*%&*'-#'/&
,%+&'7&+%#'<'-2*4"%2+'/&*'2-#&*'7+,72&*'<'-#'/&',%+&'7#+*,$&;'#*4"4:&+'+&D,$#*'<'//#0&+'&'-#42*2,$#*'4,$*#$*"&-&*'j7+,4"+&$-,'("#'*#&
*2#)7+#'&*6k8
f8'J32%&+'#/'"*,'-#'7&/&1+&*'4,$%+,/&-,+&*?'-#1#*;'%2#$#*'("#;'*2'$,'/,':&4#*;'#*%I*',1/20&-,;'#$%+#',%+&*8

i8'J32%&+'*#+'4,$%+,/&-,+'4"&$-,'*#',N+#4#'#/'2$4#$%23,'j#32%&+'#C7+#*2,$#*?'>2':&4#*'#*%,'%#'-,<'&("#//,;','*2'/,':&4#*'4,),'-#1#+6&*Pk8
Z8'J*')#Q,+'("#'/&*'+#4,)7#$*&*'*#&$'2$#*7#+&-&*'#'2$%&$021/#*8'J/'7+,1/#)&'#*'("#')"4:&*'3#4#*'*,$'/&*'+#4,)7#$*&*'%&$021/#*'/&*
("#'*#'"*&$?'-2$#+,;'1,$,*;'7+#)2,*;'/2*%&*'-#':,$,+;'7/&$#*'-#'2$4#$%23,*;'4,)2-&b[Z8

+'&5%-"/01,)*QX
!,),'Q#N#','7&-+#?
o'J*'2)7,+%&$%#'4+#&+'"$'#$%,+$,'-,$-#'/&*'7#+*,$&*'*#'),%23#$'&'*6')2*)&*;'-,$-#'*#'7+,)"#3&$'/,*'),%23&-,+#*'2$%+6$*#4,*8

K&%(,(9$"4
o'L#+)2%&'("#'/&*'7#+*,$&*'%#$0&$'/&'7#+4#7425$'-#'("#'#//,*'7"#-#$'#/#02+'*"'-#*%2$,8
o'U#/#0"#'7&+&'7#+)2%2+/#*'&'*"*'*"1,+-2$&-,*')&<,+'&"%,$,)6&'#$'/&'%,)&'-#'-#42*2,$#*8
o'e#$#+#'"$'&)12#$%#':,+2D,$%&/;'*#0"+,;'-,$-#'"$,'7"#-&'#("23,4&+*#':,$#*%&)#$%#8'\#4"#+-#'("#'#/')2#-,'#*'"$',1*%I4"/,'7&+&'("#
#C2*%&'&"%,$,)6&8

27,%0.().7)/(9#7%7,/0"4
o'!,$,D4&'/,*'%&/#$%,*'-#'*"'7#+*,$&/8
o'R*60$#/#*'"$'+#%,'&'/&'&/%"+&'-#'*"*'%&/#$%,*8
o'J$%+#0"#'+#%+,&/2)#$%&425$'4,$%2$"&'&4#+4&'-#/'%+&1&Q,'("#'+#&/2D&$8
o'JC7#4%&%23&*'4/&+&*8

K#-7,.0\"]7)M),(:7.".
o'T+&20&'$,3#-&-'&/'%+&1&Q,;'7+,<#4%,*'$"#3,*8
o'!,$,D4&'/&*')#%&*'-#'4+#42)2#$%,'("#'%2#$#'*"'0#$%#8
o'L/&$%##'&4%232-&-#*'-#'4&7&42%&425$'7&+&'&<"-&+/,*8
o'X&0&'+,%&42,$#*':,+2D,$%&/#*'<'7&*&$%6&*8
o'L2#$*#'#$')&$#+&*'*,1+#'45),'#$+2("#4#+'/,*'7"#*%,*'-#'%+&1&Q,8

N7'"/01,
o'T5)#*#'"$'%2#)7,'7&+&'-2*4"%2+'/&*'7+#,4"7&42,$#*'-#'/&*'7#+*,$&*8
o'A"#*%+#'"$'2$%#+G*'0#$"2$,'#$'*"*'4,/&1,+&-,+#*;':2Q,*;'&/")$,*;'&)20,*;'#%48
o'JC7+#*#'*"'&N#4%,'<'&7+#42,'7,+'/&*'7#+*,$&*'j*"*'4,/&1,+&-,+#*;':2Q,*;'&/")$,*;'&)20,*;'#%48k8
o'p+2$-#'%2#)7,;'&%#$425$;'#$#+06&;'2$%#+G*'<'&7,<,'#),42,$&/'&'/&*'7#+*,$&*8
o'e#$#+#'"$'4/2)&'-#'4,$N2&$D&'<'-#'4&+2V,':&42&'/&*'7#+*,$&*8
o'UG'"$'%2#)7,'-#'4&/2-&-'&'/&*'7#+*,$&*'("#'("2#+#'j#32%#'#/'*A,884'%;'7,+'#Q#)7/,k8

R-#)I*'*2'#*'Q#N#;'%&)12G$'7"#-#?
o'J32%&+'2$4#$%23,*'("#'#*%2)"/#$'/&'4,)7#%#$42&'#$%+#')2#)1+,*'-#'*"'#("27,8
o'_,)#$%&+'/&'N,+)&425$'-#'36$4"/,*'#$%+#'/,*'%+&1&Q&-,+#*'j&/)"#+D,*;'+#"$2,$#*'N"#+&;'*&/2-&*'/,*'N2$#*'-#'*#)&$&;'-#'%&/'),-,'("#'/&
0#$%#'2$%#+&4%B#'<'*#'4,$,D4&$'<'#//&*'2+I$'N,+)&$-,'*"*'7+,72,*'36$4"/,*k8
o'X&4#+'&4%232-&-#*'-#'(&#2$8,4794'%8

k-"5/7,.7,/0"
o'\#B$&'&'*"'0#$%#'<'+#4"G+-#/#*'#/'*20$2N24&-,'-#'*"'%+&1&Q,8
o'L&+%2427#'4,$'*"'#("27,'#$'"$&',1+&'*,42&/8

!(9()#7-5(,")()%-"8"]".(o'M,*')2*),*'),%23&-,+#*'*2+3#$;'*5/,'("#'"$,')2*),'#*'+#*7,$*&1/#'-#'%+&%&+'-#'2$*%&/&+/,*'<'7+,),3#+/,*'#$'*"'32-&8'J*'1"#$,'("#'*#&
"$,')2*),'("2#$'1"*("#'7+,&4%23&)#$%#'#$'4,$3#+*&42,$#*'4,$'*"'Q#N#'("#'#*%,*'),%23&-,+#*'*#'-#$8
o'M&*'#*%+&%#02&*'7/&$%#&-&*'#$'#/'/21+,'*,$'*2)2/&+#*;'*5/,'("#'-#7#$-#$'-#/'Q#N#'7&+&'*"'&7+,1&425$8'9,'#*'NI42/;'7#+,'*2'*"'Q#N#'$,'("2#+#
,'$,'7"#-#'*&%2*N&4#+'*"*'),%23&-,+#*'2$%+6$*#4,*;'2$%#$%#'1"*4&+',%+,'%+&1&Q,'-,$-#'*6'*#&'7,*21/#':&4#+/,8'M&'),%23&425$'3&/#'/&'7#$&
7#+*#0"2+/&8'T2#$#'0+&$-#*'1#$#N242,*8

G(%0:"/01,)7[%-$,57/"

+'&5%-"/01,)**Q

M&'),%23&425$'#C%+6$*#4&'j/&'4,)7+#*,+&k'*#'+#4,)2#$-&'"*&+/&'4"&$-,'/&'7#+*,$&'$,'%2#$#'2$%#+G*
#$'-#*&++,//&+'/&'&4%232-&-8

N7/(,(/0907,%(
J/' +#4,$,42)2#$%,' #*' #/' ),%23&-,+' #C%+6$*#4,' -#' )#Q,+' 4&/2-&-8' J*' 2)7,+%&$%#' ("#' /&' 7#+*,$&
*2#$%&'#/'+#4,$,42)2#$%,'4,),'+#%+,&/2)#$%&425$'*,1+#'*"'-#*#)7#V,8
o'T+&%#'#$'%,-,'),)#$%,'-#'7+,),3#+'"$'#*%2/,'-#'&7,<,'&'/&'&"%,$,)6&'4"&$-,'-G'"$'+#4,$,42)2#$%,8'J32%#'*#+'4,$%+,/&-,+'4"&$-,'/,
#$%+#0&8
o'UG'+#4,$,42)2#$%,*'7,+'/,*'&3&$4#*'-#'/&'7#+*,$&;'7,+'/,*'7+,0+#*,*'("#'3&'%#$2#$-,8'J32%#'-&+/,*'7,+'%&+#&*')"<'*#$42//&*8
o'\#4,$,D4&'/&*'4,$-"4%&*','/,*'+#*"/%&-,*;'7#+,'$,'"*#'&-Q#%23,*'("#'4&/2N2("#$'&'/&'7#+*,$&*'&"$("#'*#&'7,*2%23&)#$%#8'\#*&/%#'/,'("#
*#':2D,'12#$;'/&'&4%232-&-;'<'$,'&'/&'7#+*,$&')2*)&8
o'>#&'#*7#46N24,'4,$'#/'+#4,$,42)2#$%,'7&+&'("#'/&'7#+*,$&'7"#-&'&7+#$-#+'("G'4,$-"4%&*'*,$'/&*'("#'*#'#*7#+&'("#'+#72%&8
o'J32%&+'-&+/,'#$')#-2,'-#'4+6%24&*8
o'L+#0B$%#/#*'&'/&*'7#+*,$&*'45),'/#*'0"*%&+6&'*#+'+#4,$,42-&*8

p(,(5
o'\#N/#C2,$#'&4#+4&'-#'*"'*2*%#)&'-#'1,$,*'<'#3&/B#'#$'("G')#-2-&'/#'#*%I'-&$-,'"$'1,$,'&'"$&'7#+*,$&'),%23&-&'2$%+6$*#4&)#$%#'7,+
*"*',1Q#%23,*8
o'\#N/#C2,$#'/&'7,*212/2-&-'-#'4,)7&+%2+'"%2/2-&-#*'#$'/"0&+'-#'&*20$&+'1,$,*8'\#4"#+-#'("#':&<'("2#$#*'%2#$#$'-2N#+#$%#*'&7#%2%,*'7,+'#/
-2$#+,8'R("#//,*')"<'),%23&-,*'7,+'#/'-2$#+,'7#+-#+I$'/&'),%23&425$'2$%+6$*#4&'7,+'"$'1,$,;'<'-#Q&+I$'-#':&4#+'/&*'4,$-"4%&*'4"&$-,
#/'1,$,'$,'#C2*%&8
o'_2$&/)#$%#;'*2'-#42-#'*#0"2+'4,$'*"'*2*%#)&'-#'1,$,*;'2$%#$%#',%,+0&+/,*'-#'"$&'N,+)&')I*'&"%5$,)&'<')#$,*'4,$%+,/&-,+&8'J32%#'#*%&+
+#4,+-I$-,/#'N+#4"#$%#)#$%#'&/'#Q#4"%23,'("#'*2'$,'4")7/#'#/',1Q#%23,;'$,'+#4212+I'#/'1#$#N242,8

g&7B(5)/(9#7%0%0:(5
o'9,'4,$3#+%2+'/,*'Q"#0,*'4,)7#%2%23,*'#$'"$'Q"#0,'-#'`0&$&-,+#*'<'7#+-#-,+#*a8
o' J$' 4&)12,;' *2' %,)&),*' /,*' Q"#0,*' 4,)7#%2%23,*' j4,)7#%2+' "$,*' 4,$%+&' ,%+,*k' 4,),' "$&' N,+)&' -#' -&+' /,' )#Q,+' -#' $,*,%+,*' )2*),*;
7"#-#'%#+)2$&+'*2#$-,'1#$#N242,*,8'>2'#/'%+&1&Q,'#*%I'#)7#D&$-,'&'7&+#4#+'&1"++2-,;'4,)7#%2+'4,$',%+,*'7"#-#'2$4+#)#$%&+'#/'+#%,'<
&<"-&+$,*'&')&$%#$#+$,*'#$'/&'D,$&'-#'N/"Q,'57%2),8
o' J$%,$4#*;' +#4,+-&+' ("#' #/' %#$#+' Q"#0,*' 4,)7#%2%23,*' 7"#-#' *#+' 32*%,' 4,),' "$' -#*&N6,;' 4,),' "$&' ,7,+%"$2-&-' -#' /&*' 7#+*,$&*' 7&+&
+#%&+*#'&'*6')2*)&*'<'("#'7"#-&$'3#+'*"*')#Q,+&*'<;'7,+'/,'%&$%,;'-23#+%2+*#'#$'#/'7+,4#*,8

D(5)/"5%0B(5
o'\#4"#+-#;'#$'/"0&+'-#':&1/&+'-#'4&*%20,*'4,$3#+*#'4,$'/&*'7#+*,$&*'&4#+4&'-#'/&*'4,$*#4"#$42&*'-#'*"*'&442,$#*8'o'L#+)6%&/#*'N,+)&+
7&+%#'-#'/&*'4,$3#+*&42,$#*'#$'/&*'("#'`$#0,42#$a'/&*'4,$*#4"#$42&*'-#'/&*'&442,$#*;'("#'$,'*2#$%&$'("#'G*%&*'*,$'2)7"#*%&*'-#*-#
&++21&;' *2$,' ("#' /&' 7#+*,$&' %&)12G$' N,+)&' 7&+%#' -#/' 7+,4#*,8' J$' 4&-&' 4&*,;' %+&%#' -#' -&+' "$&' #C7/24&425$' -#' 7,+' ("G' *#' -&$' #*&*
4,$*#4"#$42&*b[h8

\#4"#+-#'("#'/,*'4&*%20,*'N"$42,$&$'7,+'#/')2#-,'<'<&'*&1#),*'("#'#/')2#-,'$,'#*'#/')#Q,+'-#'/,*
),%23&-,+#*' <' ("#' $,' N"$42,$&' #$' #/' /&+0,' 7/&D,8' J*' )#Q,+' ("#' :&1/#),*' -#' 4,$*#4"#$42&*' <' ("#
&<"-#),*'&'/&*'7#+*,$&*'&'&*")2+'/&'+#*7,$*&12/2-&-'-#'*"*'&442,$#*8
!-77,/0"5)M)97%"5

+'&5%-"/01,)***
o' JC7#+2#$42&' -2+#4%&?' 2$%#$%#' ("#' /&' 7#+*,$&' %#$0&' "$&' #C7#+2#$42&' -2+#4%&' 4,$' /&' &4%232-&-' #$' /&' ("#' $,' *#' *2#$%#' 4,)7#%#$%#8' J*
2)7,+%&$%#'("#'"*%#-'#*%G'4#+4&'4"2-&$-,'-#'("#'/&'7#+*,$&'%#$0&'7#("#V,*'/,0+,*'7&+&'4,$*,/2-&+'*"'4+##$42&'-#'&"%,#N24&42&8
o'JC7#+2#$42&'2$-2+#4%&?'*2'$,'7"#-#'/,0+&+'"$&'#C7#+2#$42&'-2+#4%&'4,$'/&'&4%232-&-;'2$%#$%#'&'%+&3G*'-#':2*%,+2&*'<'-#'*2%"&42,$#*'-,$-#'/&
7#+*,$&',1*#+3#'&',%+,*':&42G$-,/&8'J*%,'/,'7#+*"&-2+I'-#'("#'#*'7,*21/#':&4#+/&8
o' L#+*"&*25$' 3#+1&/?' *2' "*%#-' /#' )"#*%+&' &' /&' 7#+*,$&' ("#' 4,$N6&' #$' *"' 7,%#$42&/;' ("#' /&' 4+##' 4&7&D;' #*' 7+,1&1/#' ("#' #//&' 2$%#+$&/24#' /&
4+##$42&'-#'("#'*6'7"#-#':&4#+'/&'&4%232-&-8'K'*2'#*%,'/,'&4,)7&V&'-#'7#("#V,*'/,0+,*;'/&'7#+*,$&'2+I'4+#&$-,'*"':2*%,+2&'-#'GC2%,8

G7%"5

+'&5%-"/01,)**E

N7/&7-.74
o'J*'2)7,+%&$%#'#*%&1/#4#+'"$&')#%&'/,'*"N242#$%#)#$%#'-2N642/'<'#*7#46N24&8
o'U&+','+#4212+'+#%+,&/2)#$%&425$'-#'/,*'&3&$4#*8
o'F"#'/&')#%&'*#&'7+,72&','-&-&'7,+',%+,;'7#+,'("#'*#'#C7/2("#$'/&*'+&D,$#*'-#'*"'2)7,+%&$42&8
o'F"#'/&')#%&'*#&'-&-&'7,+'"$&'7#+*,$&'#$'/&'("#'*#'4,$N6&8
o'!"2-&+'("#'/&')&$#+&'#$'("#'*#'7/&$%#&'/&')#%&'*#&'-#'&7,<,'&'/&'&"%,$,)6&'<'$,'-#'),-,'4,$%+,/&-,+8
o'!"2-#'-#'$,'4#0&+*#'7,+'/&')#%&'-#'%&/'),-,'("#'-#Q#'-#'/&-,',%+,*'&*7#4%,*'2)7,+%&$%#*8
o'M,*'#*%&-,*'#),42,$&/#*'%2#$#$'4,+%&'-"+&425$8
o'M,*'#*%&-,*'#),42,$&/#*'&0+&-&1/#*'),%23&$'7#+,'$,'+##)7/&D&$'&'"$&'#*%+&%#02&'-#'),%23&425$'2$%+6$*#4&8

o'M,*'#*%&-,*'#),42,$&/#*'$#0&%23,*'j4"/7&;')2#-,;'3#+0t#$D&k'7"#-#$'),%23&+'&'/&*'7#+*,$&*;'7#+,'*"*'#N#4%,*'$,'*,$'1#$#N242,*,*;'<
N"$42,$&$'#$'#/'4,+%,'7/&D,8

+'&5%-"/01,)**F

I759(%0:".(-75

+'&5%-"/01,)**H
o'X&<'#/#)#$%,*'("#'$,'0#$#+&$'),%23&425$'*2'$,'#C2*%#$'#$'/&')7+#*&;'7#+,'&/'#*%&+'7+#*#$%#*'0#$#+&$'2$*&%2*N&4425$;':&42G$-,/#':"#4,
&/'0/,1,'<'1&Q&$-,'/&'),%23&425$'-#'/&*'7#+*,$&*8
o'L&+&'("#'/&*'7#+*,$&*'-#Q#$'-#'#*%&+'2$*&%2*N#4:&*;'-#1#),*'7&+4:&+'/,*':"#4,*;'#/2)2$&$-,'/,*'#/#)#$%,*'("#'0#$#+&$'2$*&%2*N&4425$8
o'M,*'#/#)#$%,*'4"<&'&"*#$42&'0#$#+&'2$*&%2*N&4425$'*,$?
]8'F"#'#C2*%&'2$N,+)&425$'<'+#%+,&/2)#$%&425$'*"N242#$%#8
b8'F"#'*#'%#$0&$'/,*'+#4"+*,*;'#("27,*'<'*2*%#)&*'7&+&':&4#+'"$'%+&1&Q,'-#'4&/2-&-8
Y8'F"#'*#'%#$0&$'*"#/-,*'&-#4"&-,*8
f8'F"#'/&*'+#"$2,$#*'*#&$'7+,-"4%23&*8
i8'F"#'#/'%+&1&Q,'#*%G'12#$'-2*#V&-,8
Z8'F"#'$,'#C2*%&$'-#)&*2&-&*',')"<'7,4&*'+#0/&*'<'$,+)&*8

h8'F"#'#C2*%&$'1"#$&*'+#/&42,$#*'2$%#+7#+*,$&/#*'4,$'4,)7&V#+,*'-#'%+&1&Q,8
g8'F"#'/&*'7#+*,$&*':&0&$'"$'%+&1&Q,'-#'4&/2-&-8
^8'F"#'#C2*%&'*#0"+2-&-'-#'("#'#/'%+&1&Q,'$,'*#'3&'&'7#+-#+8
][8'F"#'#C2*%&'4/&+2-&-'-#'+,/#*8
]]8'F"#'#C2*%&'"$&'1"#$&'0#+#$42&','Q#N&%"+&'-,$-#':&<&'Q"*%242&;'#("2-&-;'4,$N2&$D&'<'%,/#+&$42&'&/'#++,+8
]b8'F"#'$,'#C2*%&'7,/2%2("#+6&8

h'&]().7)9(%0:"/01,

+'&5%-"/01,)**J
N7/&7-.74
o'J*')#Q,+'7+,),3#+'/&'),%23&425$'2$%+6$*#4&'#$'/&*'7#+*,$&*8
o'T#$0&'4/&+,'("#'*2'/&'7#+*,$&'$,'#*%I'),%23&-&'-#'N,+)&'2$%+6$*#4&'7&+&'"$&'&4%232-&-;'/,')#Q,+'#*'%+&%&+'-#'#C7/24&+/#'/&'2)7,+%&$42&'-#
/&'&4%232-&-'<'/&*'+&D,$#*'7&+&':&4#+/&;'7"#*'#*%,'N&3,+#4#+I'("#'/&'7#+*,$&'#*%G'#$')#Q,+#*'4,$-242,$#*'-#'&4#7%&+'3,/"$%&+2&)#$%#'#/
:&4#+'&/0,8
o'>2'-#42-#'"*&+'/&'),%23&425$'#C%+6$*#4&'j+#4,)7#$*&*'<w,'4&*%20,*k;'+#4"#+-#':&4#+/,'-#'),-,'("#'7+,)"#3&$'/&'&"%,$,)6&'<'$,'-#
-&+/&'#$'N,+)&'-#'4,$%+,/8

R' 4,$%2$"&425$' *#' 7+#*#$%&$' /,*' 4,$%#$2-,*' -#' /,*' 6%#)*' 4,$' /,*' ("#' e&//"7b[g' #3&/B&' #/
4,)7+,)2*,'<'/&'),%23&425$'#$'#/'%+&1&Q,8'M#&'4&-&'7"$%,'#'2-#$%2N2("#'&/'4,*%&-,'*2'#*%I'+#/&42,$&-,
&'"$'),%23&-,+'2$%+6$*#4,'jAlk;'&'"$'),%23&-,+'#C%+6$*#4,'jAJk','&'&/0B$'#/#)#$%,':202G$24,'jXek
("#'0#$#+&'2$*&%2*N&4425$'#$'/&'#)7+#*&8
J$' /&' 7&+%#' 2$N#+2,+' -#' /&' 7I02$&' #*%I$' /&*' +#*7"#*%&*' 4,++#4%&*8' M,*' #/#)#$%,*' 4,$*2-#+&-,*

2)7,+%&$%#*'7&+&'#/'4,)7+,)2*,'*,$?
]8'M,'("#'*#'#*7#+&'-#'"$,'#$'#/'%+&1&Q,8
b8'J/'%#$#+'/,*'#("27,*'$#4#*&+2,*'7&+&'%+&1&Q&+'4,$'#N242#$42&8
Y8'J/'%#$#+'/&'7,*212/2-&-'-#':&4#+'/,')#Q,+'7,*21/#'4&-&'-6&8
f8'J/'+#4212+'+#4,$,42)2#$%,8
i8'J/'%#$#+/,'#$'4"#$%&'4,),'7#+*,$&8
Z8'J/'&/#$%&+'*"'-#*&++,//,'7+,N#*2,$&/8
h8'J/'%,)&+'#$'4"#$%&'*"*',72$2,$#*8
g8'J/'*#$%2+'("#'#/'%+&1&Q,'("#':&4#'#*'2)7,+%&$%#8
^8'J/'4,$*2-#+&+'("#'*"*'4,)7&V#+,*'-#'%+&1&Q,':&4#$'"$'1"#$'%+&1&Q,8
][8'J/'%#$#+'&)2*%&-#*'#$'#/'%+&1&Q,8
]]8'J/'("#'*#'4,)#$%#'*"'7+,0+#*,8
]b8'J/'%#$#+',7,+%"$2-&-#*'-#'-#*&++,//&+*#'#$'#/'%+&1&Q,8

N75#&75%"5
]8'M,'("#'*#'#*7#+&'-#'"$,'#$'#/'%+&1&Q,8'>2'$,'*&1#'/,'("#'*#'#*7#+&'-#'"*%#-'*20$2N24&'("#'/#'N&/%&
+#%+,&/2)#$%&425$;' "$' #/#)#$%,' ("#' 0#$#+&' 2$*&%2*N&4425$' *2' $,' #*%I;' 7#+,' $,' ),%23&' *2' *#' -&8' M&
+#*7"#*%&'#*'&/0B$'#/#)#$%,':202G$24,'Xe8
b8'J/'%#$#+'/,*'#("27,*'$#4#*&+2,*'7&+&'%+&1&Q&+'4,$'#N242#$42&8'M&'+#*7"#*%&'#*'Xe8
Y8'J/'%#$#+'/&'7,*212/2-&-'-#':&4#+'/,')#Q,+'7,*21/#'4&-&'-6&8'J*%#'&*7#4%,'#*%I'+#/&42,$&-,'&/'),%23&-,+'2$%+6$*#4,'jAlk'-#/'*#$%2-,'-#
4,)7#%#$42&8
f8' J/' +#4212+' +#4,$,42)2#$%,8' !,),' )#$42,$&),*' #/' +#4,$,42)2#$%,' #*' "$' ),%23&-,+' #C%+6$*#4,' jAJk;' 7#+,' 7"#-#' 3#+*#' 4,),
"$2$%+6$*#4,'jAlk'*2'*#'-&'4,),'+#%+,&/2)#$%&425$8
i8' J/' %#$#+/,' #$' 4"#$%&' 4,),' 7#+*,$&8' W*%&' #*%I' +#/&42,$&-&' &/' ),%23&-,+' 2$%+6$*#4,' jAlk' -#' /&*' +#/&42,$#*;' 7#+,' %&)12G$' &/' )I*
2)7,+%&$%#'#/#)#$%,'("#'0#$#+&'2$*&%2*N&4425$'jXek'("#'#*'/&'4&/2-&-'-#/'Q#N#8
Z8'J/'&/#$%&+'*"'-#*&++,//,'7+,N#*2,$&/8'J*%I'+#/&42,$&-,'&/'),%23&-,+'2$%+6$*#4,'jAlk'-#'&7+#$-2D&Q#'<'-#*&++,//,8
h8'J/'%,)&+'#$'4"#$%&'*"*',72$2,$#*8'J*%I'+#/&42,$&-,'&/'),%23&-,+'2$%+6$*#4,'jAlk'-#'&"%,$,)6&8
g8'J/'*#$%2+'("#'#/'%+&1&Q,'("#':&4#'#*'2)7,+%&$%#8'!/&+&)#$%#'#*%I'+#/&42,$&-,'&/'),%23&-,+'2$%+6$*#4,'jAlk'-#'/&'%+&*4#$-#$42&8
^8'J/'4,$*2-#+&+'("#'*"*'4,)7&V#+,*'-#'%+&1&Q,':&4#$'"$'1"#$'%+&1&Q,8'J*'"$'Xe8
][8'J/'%#$#+'&)2*%&-#*'#$'#/'%+&1&Q,O'Al'-#'+#/&42,$#*8
]]8'J/'("#'*#'4,)#$%#'*"'7+,0+#*,8'\#/&42,$&-,'&/'Al'-#'4+#42)2#$%,'<'&7+#$-2D&Q#8
]b8'J/'%#$#+',7,+%"$2-&-#*'-#'-#*&++,//&+*#'#$'#/'%+&1&Q,8'\#/&42,$&-,'&/'Al'-#'4+#42)2#$%,'<'&7+#$-2D&Q#8

!,),' 7"#-#' 3#+;' /&' )&<,+6&' -#' /,*' 4,$%#$2-,*' -#' /,*' 6%#)*' #*%I$' +#/&42,$&-,*' &' ),%23&-,+#*
2$%+6$*#4,*;'<'&/0"$,*'&'#/#)#$%,*'("#'0#$#+&$'2$*&%2*N&4425$8
M#&' /,*' *20"2#$%#*' 4&*,*' #' 2$%#$%#' +#*,/3#+/,*8' R/' N2$&/' -#' 4&-&' 4&*,' #$4,$%+&+I' $"#*%+,*
4,)#$%&+2,*8
h7'0#74)&,)/"5().7)&,)B7-7,%7)/(,)#-(8'79"5
_#/27#' #*' 0#+#$%#' 0#$#+&/' -#' "$&' #)7+#*&' -#' 4,$*"),' )&*23,;' %2#$#' &' *"' 4&+0,' 4"&%+,' 0#+#$42&*
("#' /#' +#7,+%&$8' W/' #*' "$' Q#N#' ("#' 7"#-#' *#+' %&$%,' &)&-,' 4,),' ,-2&-,' &/' )2*),' %2#)7,8' J$%+#' /,*
&*7#4%,*'$#0&%23,*'("#'&N#4%&$'&'*"'0#$%#'*#'#$4"#$%+&$?

o'J*'#C7/,*23,;'#$'4"&/("2#+'),)#$%,'7"#-#'/#3&$%&+'*"'3,D'<'+#*7,$-#+'-#'N,+)&'&0+#*23&'<'N&/%&$-,'#/'+#*7#4%,8'M#'N&/%&'%#$#+')&<,+
&"%,++#0"/&425$'#),42,$&/8
o' T2#$#' "$' 7+,1/#)&' -#' #0,' N"#+%#;' /#' 0"*%&' N20"+&+;' %#$#+' /&' B/%2)&' 7&/&1+&;' :&1/&+' )I*' ("#' /,*' -#)I*;' #$4,$%+&+' 4"/7&1/#*' <' %#$#+
*2#)7+#'/&'+&D5$8'9,'/#'0"*%&'("#'/,'4"#*%2,$#$8
o'>"'#*%2/,'-#'0#+#$42&'#*'/&')24+,0#+#$42&8'l$N/"#$42&-,'7,+'*"'#0,;'/#'0"*%&'("#'/#'4,$*"/%#$'%,-,'&'G/;'*#')#%#':&*%&'#$'#/')I*'7#("#V,
-#%&//#8'M#'#$4&$%&'-#42+/#'&'*"'0#$%#'/,'("#'%2#$#'("#':&4#+8
o'J*'"$&'7#+*,$&')"<'4#$%+&-&'#$'/&*')#%&*;')"<'7,4,'#$'/&*'7#+*,$&*8'9,'/#*'-&'+#%+,&/2)#$%&425$'+#0"/&+'&'*"*'0#+#$%#*;'/&'0#$%#'$,
*&1#'("G'72#$*&'_#/27#'-#'*"'0#*%25$8'J*'4,),'"$'/6-#+'&"*#$%#'#$'/,*'%#)&*'-#')&$#Q,'-#'*"'0#$%#8
o'M&*'+#"$2,$#*'-#'4,)2%G'-#'0#+#$42&'*,$'2$%#+)2$&1/#*'<'/&*'7#+*,$&*'*2#$%#$'("#'$,'*#'//#0&'&'4,$4/"*2,$#*8

_#/27#;'&'7#*&+'-#'%#$#+'+&*0,*'("#'$,'/,'&<"-&$'&'0#+#$42&+;'#*'4,$*2-#+&-,'7,+'%,-,*'4,),'"$&
7#+*,$&' -#' 1"#$' 4,+&D5$;' 1,$&4:5$;' ("#' -&' ,7,+%"$2-&-#*' <' ("#' *2#)7+#' #*%I' 7+#*#$%#' 4"&$-,' *#
#$%#+&'-#'("#'&/0"2#$'%2#$#'"$'7+,1/#)&'7#+*,$&/8'L"#-#'*#+'"$'/6-#+'&"*#$%#'#$'/&'7&+%#'2$%#+7#+*,$&/
#$'#/'-6&'&'-6&;'7#+,'#*%I'7+#*#$%#'#$'/&*'4+2*2*'-#'*"'0#$%#8
L&+&' 4,)7/24&+' /&' *2%"&425$;' #/' -"#V,' -#' /&' #)7+#*&;' ("2#$' 4,$%+&%5' &' _#/27#' 7&+&' #/' 4&+0,' -#
0#+#$%#'0#$#+&/;'*20"#'2$3,/"4+&-,'4,$'#/'N"$42,$&)2#$%,'4,%2-2&$,'-#'/&',+0&$2D&425$8'U&'5+-#$#*'&
&/0"$&*'7#+*,$&*'<'&'3#4#*'*#',/32-&'-#'-#42+/#'&'_#/27#8'R-#)I*;':&<')"4:&'0#$%#'-#1&Q,'-#'_#/27#
("#' %2#$#' //#0&-&' &/' -"#V,' <' G*%#' /#*' :&4#' #$4&+0,*' <' /,*' #Q#4"%23,*' /#' 4,)#$%&$' *2%"&42,$#*' -#' /&
#)7+#*&;'*,1+#'%,-,'/&*'$#0&%23&*8
M,*'0#+#$%#*'("#'+#7,+%&$'&'_#/27#'%2#$#$'"$'1,$,'-#'42$4,'*"#/-,*'*2'/,0+&$'*"*',1Q#%23,*'<'#*,
/,*')&$%2#$#'),%23&-,*'7&+&'&/4&$D&+'/&')#%&8'>2$'#)1&+0,;'#*')"<'-2N642/'7&+&'#//,*'%+&1&Q&+'#$'/&
,+0&$2D&425$'<&'("#'$,'#C2*%#'4/&+2-&-'-#'("2G$'#*'#/'Q#N#'+#&/)#$%#?'E#*'_#/27#','#/'-"#V,H
R'3#4#*'"$'0#+#$%#'#*%I':&42#$-,'"$'%+&1&Q,'#$4&+0&-,'7,+'#/'-"#V,'<'/"#0,'+#421#'"$&'+#7+2)#$-&
-#' _#/27#' 7,+' $,' :&4#+' /,' ("#' G/' /#' 72-258' X&' ,4"++2-,' ("#' _#/27#' -24#' ("#' $,' &' /&' 2-#&' -#' &/0B$
0#+#$%#'<'G*%#'*#'*&/%&'&'_#/27#'<'/#'3#$-#'*"'2-#&'&/'-"#V,'<'/&'4,$*20"#8'9,'*#'%+&1&Q&'#$'#("27,'<
)I*' 12#$' /&*' 7#+*,$&*' #*%I$' -#-24&-&*' &' *,1+#3#$-#+*#' 4,$' #/' -"#V,;' #C2*%#$' &0#$-&*' #*4,$-2-&*
7,+("#'4&-&'0#+#$%#'-#'I+#&'1"*4&'*"'7+,72,'1#$#N242,8'JC2*%#$'*2/,*8
R' 7#*&+' -#' /&' *2%"&425$' ,+0&$2D&42,$&/' -#' /&' #)7+#*&;' 4&-&' 0#+#$%#' #*' )"<' 4,)7#%#$%#' #$' *"
+#*7#4%23&'I+#&'<'4,),'/&'#)7+#*&'#*%I'#$'4+#42)2#$%,'4,$%2$",;'$,'N&/%&$'/,*'-#*&N6,*8'R'/,*'0#+#$%#*
/#*' ),%23&' *#$%2+*#' 4,)7#%#$%#*' #$' *"' %+&1&Q,;' &"$("#' /#*' #*' -2N642/' /,0+&+/,' 4,$' "$' Q#N#' ("#' :&4#
)24+,0#+#$42&8

+'&5%-"/01,)**S

\#N/#C2,$#'*,1+#'#/'4&*,'_#/27#'&'%+&3G*'-#'/&*'*20"2#$%#*'7+#0"$%&*8
]8'EM,*'0#+#$%#*'#*%I$'),%23&-,*H'EF"G'),%23&-,+#*'2$%+6$*#4,*'<w,'#C%+6$*#4,*'3#'#$'#/'4&*,H
b8'EF"G'),%23&-,+#*'2$%+6$*#4,*'N&/%&'7+,),3#+','*#'3#$'&N#4%&-,*'#$'#/'4&*,H
Y8'EF"G'#/#)#$%,*'-#'2$*&%2*N&4425$'/&1,+&/'*#'-&$'#$'#/'4&*,H
f8'>2'"*%#-'N"#*#'#/'4,$*"/%,+'4,$%+&%&-,'7,+'#/'-"#V,;'E("G'4&)12,*'/#'*"0#+2+6&'7&+&')#Q,+&+'/&'),%23&425$'-#'/,*'0#+#$%#*H

!(97,%"-0(5)"')/"5().7)h7'0#7'e-7B&,%"5)*)M)E
>2' 12#$' #/' 0#+#$%#' %2#$#' 1"#$' :"),+;' $,' 4+#&' "$' 4/2)&' +#/&Q&-,;' -23#+%2-,;' 7,+' *"*' #C&1+"7%,*
4,$*%&$%#*8' L,+' ,%+,' /&-,;' /&' #)7+#*&' #*%I' 0#$#+&$-,' -#*&N6,*' 4,$*%&$%#*' 7,+' *"' 4+#42)2#$%,;' <' &/
7&+#4#+' #$' #/' 4&*,' /,*' 0#+#$%#*' *,$' 4,)7#%#$%#*' #$' *"*' I+#&*;' %2#$#$' %&/#$%,*' ("#' #*%I$' *2#$-,
&7/24&-,*8'L#+,'#/'#*%2/,'-#')24+,0#+#$42&'-#/'0#+#$%#'+#-"4#'#/'-#*&N6,8'>2'&/'N2$&/'%,-,'/,'-#42-#'#/
0#+#$%#' <' *#' )#%#' &/' -#%&//#;' $,' *#' 0#$#+&$' -#*&N6,*' &' /&' &/%"+&' -#' /,*' %&/#$%,*' -#' /,*' *"1,+-2$&,*;
&N#4%&$-,' #/' ),%23&-,+' 2$%+6$*#4,' -#/' *#$%2-,' -#' 4,)7#%#$42&8' J*' 7+,1&1/#' ("#' /,*' +#%,*' -#/
4+#42)2#$%,'0#$#+#$'"$&'*#$*&425$'-#'&7+#$-2D&Q#;'7#+,'G*%&'%&)12G$'*#')#+)&'4"&$-,'#/'Q#N#':&4#
)24+,0#+#$42&8'R*2)2*),'G/'("2#+#'("#'%,-,'*#'/,'4,$*"/%#$'#'2$%#$%&'-#42-2+'%,-,*'/,*'-#%&//#*;'/,
("#'&N#4%&'/&'&"%,$,)6&'-#'/&*'7#+*,$&*;'&-#)I*'-#'*"'4,)7#%#$42&8
9,' #C2*%#$' 1"#$&*' +#/&42,$#*' 2$%#+7#+*,$&/#*;' /,' ("#' &N#4%&' #/' ),%23&-,+' 2$%+6$*#4,' -#' +#/&425$8
R-#)I*;'#/'0#+#$%#'0#$#+&/'#*%I')"<'4#$%+&-,'#$'/&*')#%&*;'*#'7+#,4"7&')"<'7,4,'#$'#/'-6&'&'-6&'-#
/&*' +#/&42,$#*' 2$%#+7#+*,$&/#*8' M,*' +#%,*' -#' 4+#42)2#$%,' 7"#-#$' %+&#+' $,3#-&-' <' #*%#' ),%23&-,+
2$%+6$*#4,' 7,-+6&' #*%&+' -I$-,*#8' _2$&/)#$%#;' #/' 0#+#$%#;' &/' *#+' "$' /6-#+' &"*#$%#;' $,' 4,)"$24&' /&

%+&*4#$-#$42&'<'#/'*20$2N24&-,'-#'*"'%+&1&Q,8'J$'4,$4/"*25$;'#*'"$'#$%,+$,'-,$-#'$,'*#'7+,)"#3#$'/,*
),%23&-,+#*'2$%+6$*#4,*;'*5/,'#C2*%#'/&'7,*212/2-&-'-#'("#'/&*'7#+*,$&*'*2#$%&$'$,3#-&-'#$'*"'%+&1&Q,8
M,'("#'*6'#*'4/&+,'#*'("#'/&'0#$%#'#*%I'),%23&-&'-#'N,+)&'#C%+6$*#4&'7,+'/,*'42$4,'*"#/-,*'-#'1,$,8
J*%#'),%23&-,+'#*%I'*&/3&$-,'/&'#)7+#*&;'7,+("#'/&*'7#+*,$&*'$,' #*%I$'),%23&-&*'2$%+6$*#4&)#$%#8
!,),':#),*'32*%,'#$'#/'/21+,;'#/'),%23&-,+'#C%+6$*#4,'2$4#$%23&;'7#+,'$,'4,$'0+&$'4&/2-&-8'J$'7+2)#+
/"0&+;' *2' /,' ("2%&),*;' /,' )I*' 7+,1&1/#' #*' ("#' /&*' 7#+*,$&*' 1"*("#$' ,%+,' %+&1&Q,8' J/' ),%23&-,+
#C%+6$*#4,'$,'&<"-&'&'/&'4+#&%232-&-;'&/'&7+#$-2D&Q#;'&'/&'7#+*#3#+&$42&'<'7"#-#'2$4#$%23&+'4,$-"4%&*
2$&7+,72&-&*8
e-7B&,%")F
M,*'#/#)#$%,*'-#'2$*&%2*N&4425$'*,$'3&+2,*?
]8'_&/%&'-#'2$N,+)&425$;'#/'0#+#$%#'$,'-&'+#%+,&/2)#$%&425$'$2'*#'7+#,4"7&'7,+'-&+'2$N,+)&425$'-#'/,'("#'7&*&'#$'/&'#)7+#*&8
b8'M&*'+#"$2,$#*'*,$'2)7+,-"4%23&*8
Y8'9,'#C2*%#$'1"#$&*'+#/&42,$#*'2$%#+7#+*,$&/#*'#$%+#'/,*'0#+#$%#*8
f8'9,'#C2*%#'4/&+2-&-'-#'+,/#*;':&<'D,$&*'0+2*#*'#'2$%#+3#$425$'-#/'-"#V,8
i8'9,'#C2*%#'"$&'1"#$&'0#+#$42&O'#$'+#&/2-&-;'#*'"$'/6-#+'&"*#$%#'4,$'*#3#+,*'7+,1/#)&*'#),42,$&/#*8
Z8'JC2*%#'7,/2%2("#+6&8

>2' 4,$*2-#+&),*' ("#' $,' *#' 7+,)"#3#$' /,*' ),%23&-,+#*' 2$%+6$*#4,*' <' ("#' #C2*%#$' "$&' *#+2#' -#
#/#)#$%,*'("#'0#$#+&$'2$*&%2*N&4425$;'#$%,$4#*'#/'#$%,+$,'+#*"/%&')"<'-2N642/'<'7"#-#'*#+'3232-,'4,),
"$'2$N2#+$,;'-,$-#'/,'("#'#*%I':&42#$-,'("#'/&'0#$%#'%+&1&Q#'#*'#/'1,$,8
e-7B&,%")H
J$')2'#C7#+2#$42&'4,),'4,$*"/%,+')#':&$'//&)&-,')"4:&*'3#4#*'7&+&'4&*,*'*2)2/&+#*8'R'3#4#*;'/,
:&4#'#/')2*),'-"#V,'7&+&'("#'&<"-#'&/'0#+#$%#'0#$#+&/O',%+&*'3#4#*'/,':&4#$'/,*'0#+#$%#*'-#'I+#&;
("#'*#'"$#$'7&+&'4,$%&+)#'*"'%#++21/#'*2%"&425$'<'7#-2+)#'&<"-&8
L#+,'/&'7+2)#+&'7+#0"$%&'("#'"$,'-#1#':&4#+*#'#*'*2'#/'0#+#$%#'0#$#+&/'7"#-#'4&)12&+8'X,<'#*%I
)"<'-#'),-&'#/'63#6A4'%;'7#+,'#/'0#+#$%#'-#/'4&*,'+#("2#+#;')I*'("#'"$'63#6A;'"$'7+,4#*,'-#'%#+&72&
7*24,/5024&8
J*')"<'7+,1&1/#'("#'#/'0#+#$%#'0#$#+&/':&<&'*"N+2-,')&/%+&%,*'-#'$2V,8'JC&1+"7%,*'-#'*"*'7&-+#*
("#':&0&$'-#'G/;':,<;'"$&'7#+*,$&'*2)2/&+'&'#//,*8'L,+',%+,'/&-,;'#*'4/&+,'("#'#/'0#+#$%#'0#$#+&/'%2#$#
)"4:&'2$*#0"+2-&-'2$%#+2,+'<':&'0#$#+&-,'"$&')I*4&+&'-#'#0,'7&+&'7+,%#0#+*#8'J*'7+,1&1/#'("#'$,
:&<&'+#4212-,'#/'4&+2V,'-#'*"*'7&-+#*;','("#':&<&$'#*%&-,'&"*#$%#*'#$'*"'$2V#D8
L#+*,$&/)#$%#;' :#' *"0#+2-,' &' 3&+2,*' 0#+#$%#*' 0#$#+&/#*' %#+&72&*' 7*24,/5024&*' 4,$' +#*"/%&-,*
)2C%,*8' R/0"$,*' 3&$' &' *"' %#+&72&' ,1/20&-,*' 7,+' #/' -"#V,;' 7#+,' #$' +#&/2-&-' $,' 4+##$' #$' #//&' <' /&
&1&$-,$&$;'<&'("#'*2'3&$',1/20&-,*'$,'7#+*2*%2+I$'#$'#*%&'4,$-"4%&'#$'#/'%2#)7,8'L#+,'%&)12G$'#C2*%#$

4&*,*'#C2%,*,*;'("#'*6'%,)&+,$'/&'%#+&72&'#$'*#+2,;'32#+,$'*"'2)7,+%&$42&'<'4&)12&+,$;'<'7,+'/,')2*),
)#Q,+&+,$')"4:6*2),'#$'*"'N,+)&'-#'+#/&42,$&+*#8
M&'2$Q#+#$42&'-#/'-"#V,'-#1#'*#+'#/2)2$&-&'/,'&$%#*'7,*21/#'7"#*'0#$#+&'7,4&'4/&+2-&-'-#'+,/#*'<
"$' #$%,+$,' ("#' N&3,+#4#' /&' 7,/2%2("#+6&;' -,*' 0+&$-#*' #/#)#$%,*' ("#' 0#$#+&$' 2$*&%2*N&4425$8' M,0+&+
#*%,'$,'#*'$&-&'NI42/8'M&'#)7+#*&'7&+&'#/'-"#V,'#*'4,),'*2'N"#+&'*"':2Q,'<'*2#)7+#'/#'4"#*%&'7,$#+'&
*"':2Q,'#$'/&*')&$,*'-#'"$'#C%+&V,8'R("6':#'32*%,'$"#3&)#$%#'4&*,*'#C2%,*,*'-,$-#'#/'-"#V,'*&/25
7,+'4,)7/#%,'<')#Q,+5')"4:,'#/'#$%,+$,8'L#+,'%&)12G$':#'32*%,'#)7+#*&*'-,$-#'#/'-"#V,'-24#'("#'*#
*&/#;'7#+,'#$'+#&/2-&-'*20"#'&//68
2&5","4)&,)/"5().7).759(%0:"/01,)#7-5(,"'
>"*&$&' #+&' %#*,+#+&' -#' "$&' #)7+#*&' )#-2&$&8' >"' Q#N#' #+&' "$&' 7#+*,$&' -2N642/' ("#' $,' %,/#+&1&
$2$0B$'#++,+;')I*'12#$'0,D&1&'4&*%20I$-,/&8'J$'"$&'7+#*#$%&425$'("#'#//&':2D,'&/'4,)2%G'#Q#4"%23,;'#/
0#+#$%#'-#%#4%5'"$'#++,+8'M"#0,;'7B1/24&)#$%#;'/#'-2Q,'("#'<&'#*%&1&'4&$*&-,'-#'*"*'#++,+#*'<'("#'*#
N"#+&'-#'/&'#)7+#*&8'>"*&$&'#*%&1&'#$')A36N;'$"$4&':&16&'4,)#%2-,'"$'#++,+'&$%#*;'<')&V&$&'#*%&+6&
#$'*"'4&*&'*2$'%+&1&Q,8'J//&'#+&')&-+#'*,/%#+&'<'#+&'*"'+#*7,$*&12/2-&-')&$%#$#+'&'*"*'-,*':2Q,*'<'&'*"
)&-+#8
>2'12#$'/#'-2#+,$'*"'/2("2-&425$;'-&-,'*"'+2%),'-#'0&*%,*'G*%&'$,'/#'-"+&+6&')"4:,*')#*#*8'K&'#$'*"
4&*&;' 4,$' #/' I$2),' #$' #/' *"#/,;' >"*&$&' *#' N,+D5' &' #)7#D&+' &' 1"*4&+' %+&1&Q,8' J//&' *&16&' ("#
+#2$*#+%&+*#'/&1,+&/)#$%#'%,)&1&'%2#)7,'<'%#$6&'("#'#)7#D&+'4"&$%,'&$%#*8'L#+,'>"*&$&'*#'*#$%6&'("#
:&16&'N+&4&*&-,;'$"#3&)#$%#'*#'*#$%6&'&1&$-,$&-&8'J/'&1&$-,$,':&16&'#*%&-,'7#+)&$#$%#)#$%#'#$'*"
32-&8'L+2)#+,;'*"'7&-+#'/&':&16&'-#Q&-,'&'#//&'<'&'*"')&-+#'4"&$-,'*#'N"#'4,$',%+&')"Q#+8'M"#0,'#//&
*#'4&*5'<'&/'%2#)7,'*"'7&+#Q&'/&'-#Q5'*,/&'4,$'*"*':2Q,*8'J/'&1&$-,$,'/&'-#7+2)6&;'/#'%+&6&'-,/,+;'7#$&
<')"4:,')2#-,'&/'N"%"+,8
X&16&' /,0+&-,' 4,$*#0"2+' %+#*' #$%+#32*%&*' -#' %+&1&Q,' <' #$' %,-&*' /#' :&16&' 2-,' 12#$;' 7#+,' $&-2#' /&
//&)&1&8'>"*&$&'<&'-"-&1&'-#'*"'4&7&42-&-;'-#'*"'7+,N#*2,$&/2*),8'J//&'*&16&'("#'%#$6&'("#'*#0"2+
1"*4&$-,;' $#4#*2%&' #/' 2$0+#*,' )#$*"&/;' 7#+,' 2$%#+$&)#$%#' #*%&1&' -#*%+,D&-&8' >"*&$&' *&16&' ("#' *"
I$2),'#*%&1&'7,+'#/'*"#/,'<'("#'#*%,'7,-+6&'#*%&+'&N#4%&$-,'*"*'#$%+#32*%&*8
J$'1&*#'&'%,-,'/,'&7+#$-2-,'#$'#/'/21+,;'E("G'4,$*#Q,'/#'-&+6&'&'>"*&$&'7&+&'("#'*20&'&-#/&$%#'<'/&
&<"-#'&'%,)&+',%+&'&4%2%"-'#$'/&'32-&H
!(97,%"-0(5
J$' #/' 4&*,' -#' >"*&$&;' "%2/2D&+' /&' %#,+6&' -#' &"%,#N24&42&' <' )#%&*' *#+6&' /&' )I*' &7+,72&-&;
#*7#46N24&)#$%#' /&' #C7#+2#$42&' 2$-2+#4%&' <' /&' 7#+*"&*25$' 3#+1&/' 7,-+6&$' &<"-&+/&8' L,+' #Q#)7/,;
>"*&$&'7,-+6&'1"*4&+'/&'#C7#+2#$42&'2$-2+#4%&'/,0+&$-,'4,$3#+*&+'4,$'"$&'7#+*,$&'&'/&'("#'/#'7&*5
&/0,'*2)2/&+8'R/0"$&'7#+*,$&'("#'N"#'-#*7#-2-&'<'/#'4,*%5'4,$*#0"2+'%+&1&Q,;'7#+,'&/'N2$&/'/,',1%"3,8

R/'#*4"4:&+'/&':2*%,+2&'*2)2/&+;'&/'*#$%2+'/&*'#),42,$#*'-#'-,/,+'<')2#-,'<'&/'N2$&/'-#'#*7#+&$D&'-#'/&
7#+*,$&;' #//&' 7,-+6&' 2$%#+$&/2D&+' /&' 4+##$42&' -#' ("#' *6' #*' 7,*21/#' %#$#+' GC2%,' $"#3&)#$%#8' L,-+6&
&7+#$-#+'-#'/&',%+&'7#+*,$&'("#'/&*'4,*&*'%,)&$'%2#)7,;'7#+,'*#'7"#-#$'/,0+&+8'!,$'#*%&'4+##$42&'#$
*"' )#$%#;' #//&' #*%&+6&' )I*' ),%23&-&' &' *#0"2+' 7#/#&$-,' 7,+' *"' #)7/#,8' S%+&' 7,*212/2-&-' *#+6&' /##+
/21+,*' ,' 3#+' 7#/64"/&*' ("#' %#$0&$' :2*%,+2&*' -#' 7#+*#3#+&$42&;' -#' 7#+*,$&*' ("#' %"32#+,$' ("#' 7&*&+
),)#$%,*' 7#,+#*' ("#' /,*' ("#' #//&' #*%I' 7&*&$-,8' J*%,' %&)12G$' 0#$#+&' /&' #C7#+2#$42&' 2$-2+#4%&' <
&<"-&+6&'&'N,+)&+'/&'4+##$42&'-#'("#'#*'7,*21/#8
S%+&' #*%+&%#02&' ("#' 7,-+6&' "%2/2D&+' #*' 1"*4&+' &' "$&' 7#+*,$&' 4#+4&$&' ("#' 4+#&' #$' #//&;' ("#' :&<&
%#$2-,'#C7#+2#$42&*'7+,N#*2,$&/#*'4,$'#//&'<'/&'4,$*2-#+#'"$&'1"#$&'7+,N#*2,$&/8'>2'#*%&'7#+*,$&'4+##
#$'>"*&$&'<'/#'+#N"#+D&'/,*'/,0+,*'("#':&'4,$*#0"2-,'&'%+&3G*'-#'/,*'&V,*;'#*%,'/&'&<"-&+6&8'T&)12G$
7,-+6&'N"$42,$&+'7,+'#/'#N#4%,'L20)&/25$;'&'2$%#+$&/2D&+'/&'4+##$42&'-#'("#'*6'#*'7,*21/#8
S%+&' &/%#+$&%23&' #*' ("#' *#' 7,$0&' )#%&*O' 7,+' #Q#)7/,;' /&' )#%&' -#' 4,$*#0"2+' 3#2$%#' #$%+#32*%&*' -#
%+&1&Q,;'("#'#*%,'*6'-#7#$-#'-#'#//&8'!,$'"$&')#%&'#$'/&')#$%#;'#*%&+I')I*'4,$4#$%+&-&'/"4:&$-,'7&+&
4,$*#0"2+/&8
9,' #*' NI42/' #/' ),)#$%,' ("#' 323#' >"*&$&;' 7#+,' #*%#' %27,' -#' #*%+&%#02&*' /&' &<"-&+6&$' &' %#$#+' )I*
7,*212/2-&-#*'-#'4,$*#0"2+'"$'#)7/#,8
!"5(4)7')6&0#().7):7,%"5
_&/%&$'-,*'-6&*'7&+&'4#++&+'#/')#*'<'*"'#("27,'-#'3#$%&*'#*%I']i'7,+'42#$%,'-#1&Q,'-#/'7+#*"7"#*%,8
=*%#-' *&1#' ("#' #*' 7,*21/#' /,0+&+' /&' )#%&' *2' *"' #("27,' *#' 4,)7+,)#%#' %,%&/)#$%#;' 7#+,' $#4#*2%&
),%23&+/,*'7&+&'("#'#*%,*'-6&*'%+&1&Q#$'bf':,+&*'*2'#*'$#4#*&+2,8'J$'1&*#'&/'4,$%#$2-,'-#/'/21+,;'E("G
#*%+&%#02&'-#'),%23&425$'/#'+#4,)#$-&+6&'&/'0#+#$%#H
\#N/#C2,$#'*,1+#'/&'7+#0"$%&O'#$'/&'*20"2#$%#'7I02$&'#*%I$'$"#*%+,*'4,)#$%&+2,*8

+'&5%-"/01,)**V

!(97,%"-0(54
U&-,' #/' 4,+%,' %2#)7,;' 2$*%&/&+' "$' #*%&-,' #),42,$&/' *#+6&' +#4,)#$-&1/#8' 9#4#*2%&),*' ("#' /&*
7#+*,$&*'*#'*2#$%&$'4,$N2&-&*'#$'("#'7"#-#$'/,0+&+/,8'J*'2)7,+%&$%#'("#'/&*'7&/&1+&*'-#/'Q#N#'*#&$
3#+-&-#+&*' <' ("#' +#&/)#$%#' *2#$%&' /,' ("#' -24#;' <' $,' "$' 2$%#$%,' -#' )&$27"/&425$8' J*%&' #*%+&%#02&
%&)12G$'#*%I'+#/&42,$&-&'&'/&'7#+*"&*25$'3#+1&/'-#'p&$-"+&;'4"&$-,'#/'#*%&-,'#),42,$&/'#*'7,*2%23,
<' -#' #*7#+&$D&8' M&' 2-#&' *#+6&' %+&%&+' -#' 2$*%&/&+' "$&' 4+##$42&' #$' /&' )#$%#' -#' *"' 0#$%#' -#' ("#' #//,*
7"#-#$'/,0+&+/,8'M&'4+##$42&'#)7,-#+&$%#'<'/&*'#),42,$#*'7,*2%23&*'7,-+6&$'&<"-&+$,*'&'/,0+&+'/&
),%23&425$'7&+&'&/4&$D&+'/&')#%&8
L,+'#Q#)7/,;'#/'Q#N#'/,*'7,-+6&'+#"$2+'&'%,-,*'<'-#42+?
`A#'*2#$%,',+0"//,*,'-#'4&-&'"$,'-#'"*%#-#*;'-"+&$%#'&V,*':#),*'*"7#+&-,'$"#*%+,*'7+#*"7"#*%,*;
<'&/4&$D&-,'0+&$-#*')#%&*'("#'7&+#46&$'2)7,*21/#*8'X#),*'*,V&-,' Q"$%,*'<':#),*':#4:,'+#&/2-&$"#*%+,*'*"#V,*8'EK'%,-,'7&+&'("GH'L&+&'*#+32+'<'&%#$-#+'&'$"#*%+,*'4/2#$%#*;'7&+&'&<"-&+/,*;'-&+/#*
"$&')&$,'#$'/,'("#'$#4#*2%&$;':&4#+'/&'-2N#+#$42&'4,$'#//,*8
X,<'$,*'#$N+#$%&),*'&'"$,'-#'#*,*'+#%,*'("#'7&+#4#$'2)7,*21/#*8'L#+,'$,*,%+,*'<&'*&1#),*'("#
4"&/("2#+' )#%&' ("#' #)7+#$-&),*' Q"$%,*' 4,),' #("27,' /&' 7,-#),*' /,0+&+8' >G' ("#' "*%#-#*' *,$' )"<
3&/2,*,*'<'%#$0,'/&'4#+%#D&'-#'("#'/,'7"#-#$'/,0+&+8'9,*'("#-&$'-,*'-6&*'7&+&'4")7/2+'/&')#%&8'M,*
2$32%,'"$&'3#D')I*'&'-&+'/,')#Q,+'-#'"*%#-#*')2*),*;'7"#*'*,$'"$'#C4#/#$%#'#("27,'-#'3#$%&*'<'$,':&<
$&-&'("#'$,'7"#-&$'/,0+&+'*2'*#'/,'7+,7,$#$8'K,'#*%&+G'7&+&'&7,<&+/,*'#$'%,-,'/,'("#'#*%G'#$')2*
)&$,*a8
S%+&' 7,*212/2-&-' ("#' :#' 32*%,' "%2/2D&+' #$' 3#$%&*' *,$' &/0"$,*' 2$4#$%23,*' 7&+&' ("#' /&*' 7#+*,$&*' *#
4,$4#$%+#$' #$' /&' )#%&' <' /&' /,0+#$8' L,+' #Q#)7/,;' "$' 0#+#$%#' -#' 3#$%&*' ,N+#425' 4,+%&+*#' #/' 7#/,' `&/
+&7#a' *2' *"' #("27,' /,0+&1&' /&*' 3#$%&*8' J+&' %&$' 0+&$-#' #/' 2$4#$%23,' 7&+&' #//,*' ("#' /,*' ),%235' &
&/4&$D&+/&8' =$' 4&*,' ("#' N"#' N&),*,' #$' L#+B' N"#' /,' ("#' ,N+#425' /&' #$%+#$&-,+&' -#' 35/#21,/' -#' /&
*#/#4425$'-#')#$,+#*;'9&%&/2&'AI/&0&;'*2'*"'#("27,'/,0+&1&'0&$&+/#'&'J*/,3#$2&'7&+&'&3&$D&+'#$'#/
)"$-2&/8'J//&'7+,)#%25':&4#+'(3*7&))'*2'*"'#("27,'0&$&1&;'<'%+&*'#/'%+2"$N,'/&'#$%+#$&-,+&'*#'/#3&$%5
/&' 7,/#+&' <' ),*%+5' *"*' 7#4:,*' N+#$%#' &' /&*' 4I)&+&*' -#' %#/#32*25$8' >2' /&*' 7#+*,$&*' -#' 3#$%&*' #*%I$
&4,*%")1+&-&*' &' %+&1&Q&+' 7,+' ),%23&-,+#*' #C%+6$*#4,*;' #*%#' %27,' -#' 2$4#$%23,' &<"-&+6&' )I*' ("#
7#+Q"-24&+6&8
!"-97,4)&,")7]7/&%0:").759(%0:"."
!&+)#$'%#+)2$5'#$'#/']['7,+'42#$%,'*"7#+2,+'-#'*"'"$23#+*2-&-'#$'*"'4&++#+&'-#'R-)2$2*%+&425$'<
2#+N&(4'%8' J//&' #*' "$&' 7#+*,$&' )"<' %&/#$%,*&;' #*' 4+#&%23&;' %2#$#' 2)&02$&425$;' 4&7&42-&-' -#' 3#+' #/
%,-,;' &-&7%&425$' &/' 4&)12,;' #)7&%6&;' #*' #C%+,3#+%2-&;' *#+3242&/;' 4,/&1,+&-,+&' <' #)7+#$-#-,+&8' R/
%#+)2$&+' /&' "$23#+*2-&-' :2D,' 7+I4%24&*' #$' -23#+*,*' %+&1&Q,*' $,' +#/&42,$&-,*' 4,$' *"' 4&++#+&8' L#+,

N2$&/)#$%#' 4,$*20"25' "$' #)7/#,' #$' #/' I+#&' -#' 2#+N&(4'%$ -#' "$&' #)7+#*&' #-"4&%23&' #$' #/' I+#&' -#
&$I/2*2*'-#'3#$%&*8
R/' 2$242,' !&+)#$' #*%&1&' N&*42$&-&' -#' %+&1&Q&+' #$' "$&' ,+0&$2D&425$' 2)7,+%&$%#' <' #$' #/' I+#&' -#
2#+N&(4'%;'("#'#+&'*"'*"#V,8'T,-,'#+&'$,3#-&-'<'*#$%6&'("#'&7+#$-6&')"4:,;'("#'*"'Q#N#;'#/'0#+#$%#
4,)#+42&/;'#+&'#/')#Q,+'Q#N#'("#':&16&'%#$2-,'#$'*"'32-&8'>#'7+#,4"7&1&'7,+'#//&'4,),'7#+*,$&;'/#
-&1&'&"%,$,)6&'<'/&'&7,<&1&'#$'%,-,8'>2$'#)1&+0,;'7&*&+,$'"$,*')#*#*'<'!&+)#$'#)7#D5'&'*#$%2+*#
-#*),%23&-&8' >#$%6&' ("#' *"' %+&1&Q,' -#' &$I/2*2*' -#' 3#$%&*' #+&' )"<' ),$5%,$,;' 7"#*' %#$6&' ("#' #*%&+
:&42#$-,')&%+24#*'-#'4I/4"/,;'&/0,'("#'$,'#+&'*"'7&*25$8'>"'%+&1&Q,'#+&'#$'#*#$42&')"<'$")G+24,'<
#//&'$,'#+&'%&$'1"#$&'4&/4"/&$-,8'R-242,$&/)#$%#;'#//&'#C%+&V&1&'/&'2$%#+&4425$'4,$'/&*'7#+*,$&*8'>"
%+&1&Q,'#+&')"<'*,/2%&+2,;'$,'%+&1&Q&1&'#$'#("27,;'*5/,'%#$6&'("#'-&+/#'2$N,+)&425$'-#'/&*'3#$%&*'&'*"
Q#N#8
]8'EF"G'),%23&-,+#*'2$%+6$*#4,*'7"#-#$'#*%&+':&42#$-,'N&/%&'#$'#/'4&*,'-#'!&+)#$H
b8'J$'1&*#'&'/,'("#'&7+#$-25'#$'#/'/21+,;'E("G'/#'+#4,)#$-&+6&'&'!&+)#$H

\#N/#C2,$#'*,1+#'/&*'7+#0"$%&*'<'/"#0,'#$4,$%+&+I'$"#*%+,*'4,)#$%&+2,*8
!(97,%"-0(54
]8'R'!&+)#$'/#'N&/%&'*&%2*N&4#+'#/'),%23&-,+'2$%+6$*#4,'-#'*#$%2-,'-#'4,)7#%#$42&8'F"2DI*'&/'2$242,'#/
+#%,'#+&'0+&$-#'<'#*%&1&'),%23&-&8'L#+,'&:,+&'*#'#$4"#$%+&'%+&1&Q&$-,'#$'"$&'&4%232-&-'*2$'-#*&N6,*'<
("#'&-#)I*'$,'#*%I'&/2$#&-&'4,$'*"*'%&/#$%,*;'<&'("#'#*%I'%+&1&Q&$-,'#$'"$'I+#&'-,$-#'7"#-#':&4#+
)"<'7,4,'4,$'#//,*8'R'/,')I*;'*"0#+2+'$"#3,*'+#7,+%#*8
b8'R-242,$&/)#$%#;'!&+)#$'#*'"$&'7#+*,$&'#C%+,3#+%2-&;'*,42&1/#;'("#'%2#$#'*5/2-,*'%&/#$%,*'2$%#+7#+*,$&/#*'("#'$,'7"#-#'&7/24&+'#$'*"
%+&1&Q,'("#'#*')I*'12#$'2$-232-"&/8'R'!&+)#$'/#'N&/%&'*&%2*N&4#+'%&)12G$'*"'$#4#*2-&-'-#'+#/&42,$&+*#8'>2'12#$'#/'4/2)&'/&1,+&/'#*'1"#$,
#$'#/'I+#&;'#//&'$,'%2#$#',7,+%"$2-&-'-#'%+&1&Q&+'#$'#("27,'<'-#'#$%&1/&+'+#/&42,$#*'4#+4&$&*'4,$'/&'0#$%#'-#'2#+bN&(4'%'7,+("#'%+&1&Q&
)"<'&2*/&-&8
Y8'A2'+#4,)#$-&425$'7&+&'!&+)#$'#*'("#'%#$0&'"$&'4,$3#+*&425$'4,$'*"'Q#N#'*,1+#'*"'7+,1/#)&'-#'),%23&425$8'F"#'/#'#C7/2("#'("#
*2#$%#'("#'$,'%+&1&Q&'&'/&'&/%"+&'-#'*"*'%&/#$%,*'<'("#'#//&'$#4#*2%&'#*%&+'#$'"$'7"#*%,'-,$-#'7"#-#'+#/&42,$&+*#')I*'4,$'/&*'7#+*,$&*8
>"' 4&+0,' 2-#&/' *#+6&' 0#+#$%#' -#' 7+,-"4%,;' 0#+#$%#' -#' *#+3242,' &/' 4/2#$%#' ,' &/0B$' 7"#*%,' -,$-#' #//&' #$N+#$%&+&' <' #)7+#$-2#+&' +#%,*
4+#&%23,*8'L#+,'#*'2)7,+%&$%#'("#'!&+)#$'*#&'("2#$'&*")&'#/'7+,1/#)&'<'1"*("#'*,/"42,$#*'#//&')2*)&;'<'$,'#*7#+&+'("#'&/0"2#$'/#
+#*"#/3&'#/'7+,1/#)&8'J//&'7,-+6&'1"*4&+'7+,&4%23&)#$%#'*&%2*N&4#+'*"*'$#4#*2-&-#*'7&+&'7,-#+'),%23&+*#'<'*#$%2+*#'12#$8'>2'$,'/#'-&$
/&',7,+%"$2-&-;'#//&'7"#-#'-#42-2+'*2'*#'("#-&'#$'#*#'#*%&-,'-#'-#*),%23&425$','*2'1"*4&'"$'$"#3,'7"#*%,'#$',%+&'#)7+#*&'-,$-#'7"#-&
+#&/2D&+*#8'J*'#//&'("2#$'7"#-#'-#42-2+8

;-,75%(4)&,)#".-7).7575#7-".(
J+$#*%,' #*' 7&-+#' -#' "$' &-,/#*4#$%#' -#' ("2$4#' &V,*8' 924,/I*' #*' "$' 4:24,' &/#0+#;' 323,;' )"<
2$%#+7#+*,$&/;'#)7I%24,;'*,42&1/#;'%2#$#'4,+&Q#'<'#*'4+#&%23,8'>"*'%&/#$%,*')#$,*'-#*&++,//&-,*'#*%I$
#$'#/'I+#&'$")G+24&'<'&$&/6%24&8'R'7#*&+'-#'("#'J+$#*%,'/#'7"*,'7+,N#*,+'7&+%24"/&+'#$')&%#)I%24&*

-"+&$%#'#/'4,/#02,;'&'924,/I*'/#'4"#*%&'#*%"-2&+'#*&')&%#+2&8'J$'+#&/2-&-;'*#'*2#$%#')"<'2$4,)7#%#$%#
4,$'#/'4"+*,'<'%2#$#')"4:&*'$,%&*'-#*&7+,1&-&*8'J*%,':&4#'("#'0#$#+#'"$'46+4"/,'3242,*,;'-#'%#$#+
)#$,*'),%23&425$'<'&'*"'3#D'7#,+#*'$,%&*8'J$'"$&*'*#)&$&*'32#$#'/&'7+"#1&'N2$&/'-#/'4"+*,'<'&')#$,*
("#'*&("#'*,1+#'"$'Z;'+#7#%2+I'#/'4"+*,8
EF"G'/#'7,-+6&'*"0#+2+'&'J+$#*%,;'*"'7&-+#;'7&+&'/,0+&+'("#'924,/I*'&")#$%#'*"'),%23&425$'7&+&
#*%"-2&+'7&+&'#/'#C&)#$H
\#N/#C2,$#'*,1+#'#/'4&*,'<'/"#0,'/#&'/,*'4,)#$%&+2,*8

+'&5%-"/01,)**W

!(97,%"-0(54
J*' 4/&+,' ("#' 924,/I*' $,' #*%I' ),%23&-,' 2$%+6$*#4&)#$%#' 7&+&' #*%"-2&+' )&%#)I%24&*8' M&' +&D5$
7+2$427&/' #*' ("#' #*%&' 42#$42&' $,' #*%I' &/2$#&-&' 4,$' *"*' %&/#$%,*8' R-#)I*' $,' *#' *2#$%#' &"%,#N24&D' #$
)&%#)I%24&*8'X&'%#$2-,')"4:&*'#C7#+2#$42&*'-2+#4%&*'-#'N+&4&*,*'<'G/':&'2$%#+$&/2D&-,'/&'4+##$42&'-#
("#'$,'#*'4,)7#%#$%#'#$'#*%&'I+#&8

924,/I*' $,' #*%I' ),%23&-,' -#' )&$#+&' 2$%+6$*#4&8' L,+' /,' %&$%,;' :&<' ("#' :&1/&+/#' 7+2)#+,' -#' /&
2)7,+%&$42&' <' "%2/2-&-' -#' #*%"-2&+8' K&' *&1#),*' ("#' *2' 12#$' #*%,' #*' #C%+6$*#4,;' #*' "$&' ),%23&425$
#C%+6$*#4&'-#')#Q,+'4&/2-&-8'l$%#$%#':&4#+/,'-#'/&'*20"2#$%#'N,+)&?
]8'J)7&%2D&+?'`J$%2#$-,;'924,/I*;'("#'&'%2'$,'%#'0"*%&'#*%#'4"+*,;'#$%2#$-,'("#'-#%#*%&*'#*%"-2&+')&%#)I%24&*8'J$'#/'4,/#02,'<,'-#%#*%&1&
#/'4"+*,'-#'/#$0"&Q#'<'/&'3#+-&-'#*'("#')#'4&+0&1&'#*%"-2&+/,a8
b8'l)7,+%&$42&?'`L#+,'("2#+,'("#'*#7&*'("#'*2'12#$'<,',-2&1&'/#$0"&Q#;'-#*7"G*'#$')2'32-&')#'-2'4"#$%&'("#'/,'-#/'4,/#02,')#'*2+3258'L,+
)I*'("#')2'4&++#+&'N"#'2$0#$2#+6&;'20"&/'%#$6&'("#'+#-&4%&+'2$N,+)#*8'M,')2*),'7&*&'4,$')&%#)I%24&*8'J*%,<'*#0"+,'-#'("#'#*%"-2&+I*
"$&'4&++#+&':")&$2*%&;'7#+,'/&*')&%#)I%24&*'*#'"*&$'7&+&'%,-,'#$'/&'32-&'4,%2-2&$&a8
Y8' SN+#4#+' &"%,$,)6&8' `J/' #C&)#$' #*' #$' %+#*' *#)&$&*;' *#+6&' 2)7,+%&$%#' ("#' 72#$*#*' ("G' ("2#+#*' :&4#+;' 45),' ("2#+#*' #*%"-2&+;' *2
$#4#*2%&*'7+,N#*,+','&/0B$',%+,'+#4"+*,O'/&'7#/,%&'#*%I'#$'%"'4&$4:&'<'$,*,%+,*'#*%&+#),*'&("6'7&+&'&7,<&+%#a8
f8' p+2$-#' &7,<,' 7&+&' ("#' 7"#-&' 2+' )#Q,+&$-,' *"*' :&12/2-&-#*;' 45),' :&4#+' /,*' 7+,1/#)&*' -#' )&%#)I%24&*8' F"#' #/' 7+,N#*,+' /,' &7,<#
#$*#VI$-,/#'&'+#*,/3#+'/,*'7+,1/#)&*'#'2+'*2$%2G$-,*#')I*'4,)7#%#$%#8
i8'_#/242%&+'4&-&'&3&$4#;'4&-&'7+,0+#*,'#$'4"&$%,'&'*"')#Q,+&8'U&+'+#%+,2$N,+)&425$'-#'*"'&3&$4#8

>2'#*%,'$,'N"$42,$&;'#$%,$4#*'7"#-#'4,)#$%&+/#'("#'#$%2#$-#'/,'-2N642/'("#'#*'#*%,'7&+&'G/'<'("#
4&-&'&3&$4#'/#'7#+)2%2+I')#Q,+&+'#$'*"*':&12/2-&-#*'<'("#'#*%,'2)7/24&'"$'0+&$'#*N"#+D,'<'"$&'0+&$
)#Q,+&;' <' ("#' /#' 0"*%&+6&' +#4,$,4#+' #*%,*' &3&$4#*' 4,$' "$&' (#87&(' ("#' *&1#' ("#' G/' %&$%,' ("2#+#' <
3&/,+&8
N7U'7[01,)U0,"'
J*4+212+' #*%#' /21+,' :&' *2-,' )"<' 2)7,+%&$%#' 7&+&' M#$$2&' <' 7&+&' )68' >#$%2),*' ("#' *2' /,*' Q#N#*;
*"1,+-2$&-,*;'7&-+#*'<'7#+*,$&*'/,'/##$'<'&7/24&$'*"*'#$*#V&$D&*;')"4:&*'7#+*,$&*'7"#-#$')#Q,+&+8
L&+&'#/'7B1/24,'#$'0#$#+&/;':&<'#*%+&%#02&*'<'7+2$4272,*'#$'#/'/21+,'("#'7"#-#$'"*&+'7&+&'),%23&+*#
<'*#$%2+*#')#Q,+'#$'/&'32-&8'L&+&'/,*'7&-+#*'-#'N&)2/2&;'/#*'&<"-&+I'&'4+#&+'"$'#$%,+$,'("#'7+,)"#3&
<'N,)#$%#'/&'&"%,$,)6&'-#'*"*':2Q,*'j"$'&)12#$%#')"<'-2N#+#$%#'&/'("#'<,'%"3#'("#'3232+k8
_2$&/)#$%#'7&+&'/,*'Q#N#*;'*2'&7/24&$'#/'4,$%#$2-,'-#/'/21+,'<'4+#&$'"$'#$%,+$,'-,$-#'/&*'7#+*,$&*
*#'),%23#$'&'*6')2*)&*;'*#'/,0+&+I'"$'#N#4%,')"/%27/24&-,+'-#'7,*2%232-&-'<'#$#+06&'("#'4,$%&02&+I'&
,%+,*'<'#*7#+&),*'("#'-#'#*%&'N,+)&'&<"-#'&'%,-,'#/'7&6*8

;')57-)3&9",(
!"#$%&$'("#'"$'7&7I'#*%&1&'%+&1&Q&$-,'"$'*I1&-,'#$'*"'4&*&'<'*"':2Q,')#$,+'/#'2$*2*%6&'#$'("#'("#+6&'Q"0&+8'J/'7&-+#
/#'-&1&'#C4"*&*;'7#+,'#/':2Q,'*#0"6&'2$*2*%2#$-,8'_2$&/)#$%#;'7&+&'("#'/,'-#Q&+&'%+&1&Q&+'/#'-2Q,?'`K&;':2Q2%,;'3&),*'&'Q"0&+
Q"$%,*a8' J/' 7&-+#' &++&$45' "$' )&7&' -#/' )"$-,' -#' "$&' +#32*%&;' *#' /,' ),*%+5' 7,+' "$,*' *#0"$-,*;' &' 4,$%2$"&425$' /,
-#*7#-&D5'#$'7#("#V,*'%+,D,*'<'/#'-2Q,?'`A2+&;':2Q,')6,;'%"'+#%,'#*'&+)&+'#/')&7&'-#/')"$-,'$"#3&)#$%#a8'J/'7&-+#
*&16&' ("#' *"' :2Q,' 7,*21/#)#$%#' $,' 21&' &' 7,-#+' &+)&+' /&' N20"+&' <' ("#' #*%,' /#' -&+6&' 7,+' /,' )#$,*' )#-2&' :,+&' -#
%+&$("2/2-&-'7&+&'*#0"2+'%+&1&Q&$-,8'L#+,'&'/,*'42$4,')2$"%,*'*"':2Q,'/#'-2Q,?
@L&7I;'7&7I8
@EF"G'("2#+#*;':2Q,H'@+#*7,$-25'4&$*&-,'-#'("#'/,'2$%#++")72#+&8

@L&7I;'<&'%#+)2$G'@/#'+#*7,$-25'#/':2Q,;'),*%+&$-,'#/')&7&'-#/')"$-,'4,)7/#%,8
@L#+,'E45),'/,':242*%#'%&$'+I72-,H'J+&'"$'+#%,')"<'0+&$-#'7&+&'%"'#-&-'@/#'7+#0"$%5'#/'7&-+#'&*,)1+&-,8
@A"<'NI42/;'#$'/&'7&+%#'-#'&%+I*'-#/')&7&'-#/')"$-,':&16&'#/'+#%+&%,'-#'"$':,)1+#8'J$'/"0&+'-#'+#4,$*%+"2+'#/')&7&;
+#4,$*%+"6'#/':,)1+#'<'#/')&7&'*#'&+)5'*,/,'@+#*7,$-25'#/':2Q,'4,$'"$&'*,$+2*&'#$'*"'1,4&8

9,*,%+,*'#*%&),*')"<'4#$%+&-,*'%+&%&$-,'-#'&+)&+'$"#*%+,')&7&;'-#'&/4&$D&+'/&*')#%&*;'-#'/,0+&+
+#*"/%&-,*8'L#+,'&'3#4#*'#/')&7&'*#'$,*'4&#'&'7#-&D,*;'4,),'#$'/&':2*%,+2&;'4"&$-,'%#$#),*'N+&4&*,*;
4"&$-,' $,' /,0+&),*' /&*' )#%&*;' 4"&$-,' %#$#),*' -2N24"/%&-#*8' L#+,' #/' $2V,' #$' /&' :2*%,+2&' $,*' -&' /&
*,/"425$?'$,'$,*'4#$%+#),*'#$'#/')&7&;'*2$,'#$'/&'7#+*,$&8'>2'/&'7#+*,$&'#*%I'4,)7/#%&;'<'4,$'#*%,
$,*'+#N#+2),*'&'("#'#*%G'),%23&-&;'4,)7+,)#%2-&;'4,$'#*7#+&$D&;'$"#*%+,')&7&'#$'7#-&D,*'*#'&+)&+I
*,/,8